diff --git a/Chapter12/code12.2 b/Chapter12/code12.2
deleted file mode 100755
index fdd9111..0000000
Binary files a/Chapter12/code12.2 and /dev/null differ
diff --git a/Makefile b/Makefile
new file mode 100755
index 0000000..b64808e
--- /dev/null
+++ b/Makefile
@@ -0,0 +1,105 @@
+#
+# makefile for svm_light 
+#
+# Thorsten Joachims, 2002
+#
+
+#Use the following to compile under unix or cygwin
+CC = gcc
+LD = gcc
+
+#Uncomment the following line to make CYGWIN produce stand-alone Windows executables
+#SFLAGS= -mno-cygwin
+
+CFLAGS=  $(SFLAGS) -O3                     # release C-Compiler flags
+LFLAGS=  $(SFLAGS) -O3                     # release linker flags
+#CFLAGS= $(SFLAGS) -pg -Wall -pedantic      # debugging C-Compiler flags
+#LFLAGS= $(SFLAGS) -pg                      # debugging linker flags
+LIBS=-L. -lm                               # used libraries
+
+all:phrase bitmap_sort heap words vocabulary 
+current:heap
+run:phrase
+	./phrase
+tidy: 
+	rm -f *.o 
+	rm -f pr_loqo/*.o
+
+clean:	tidy
+	rm bitmap_sort  words vocabulary
+
+help:   info
+
+info:
+	@echo
+	@echo "make for SVM-light               Thorsten Joachims, 1998"
+	@echo
+	@echo "Thanks to Ralf Herbrich for the initial version."
+	@echo 
+	@echo "USAGE: make [svm_learn | svm_learn_loqo | svm_learn_hideo | "
+	@echo "             libsvmlight_hideo | libsvmlight_loqo | "
+	@echo "             svm_classify | all | clean | tidy]"
+	@echo 
+	@echo "    svm_learn           builds the learning module (prefers HIDEO)"
+	@echo "    svm_learn_hideo     builds the learning module using HIDEO optimizer"
+	@echo "    svm_learn_loqo      builds the learning module using PR_LOQO optimizer"
+	@echo "    svm_classify        builds the classfication module"
+	@echo "    libsvmlight_hideo   builds shared object library that can be linked into"
+	@echo "                        other code using HIDEO"
+	@echo "    libsvmlight_loqo    builds shared object library that can be linked into"
+	@echo "                        other code using PR_LOQO"
+	@echo "    all (default)       builds svm_learn + svm_classify"
+	@echo "    clean               removes .o and target files"
+	@echo "    tidy                removes .o files"
+	@echo
+
+# Create executables svm_learn and svm_classify
+
+svm_learn_hideo: svm_learn_main.o svm_learn.o svm_common.o svm_hideo.o 
+	$(LD) $(LFLAGS) svm_learn_main.o svm_learn.o svm_common.o svm_hideo.o -o svm_learn $(LIBS)
+
+#svm_learn_loqo: svm_learn_main.o svm_learn.o svm_common.o svm_loqo.o loqo
+#	$(LD) $(LFLAGS) svm_learn_main.o svm_learn.o svm_common.o svm_loqo.o pr_loqo/pr_loqo.o -o svm_learn $(LIBS)
+
+svm_classify: svm_classify.o svm_common.o 
+	$(LD) $(LFLAGS) svm_classify.o svm_common.o -o svm_classify $(LIBS)
+
+
+# Create library libsvmlight.so, so that external code can get access to the
+# learning and classification functions of svm-light by linking this library.
+
+svm_learn_hideo_noexe: svm_learn_main.o svm_learn.o svm_common.o svm_hideo.o 
+
+libsvmlight_hideo: svm_learn_main.o svm_learn.o svm_common.o svm_hideo.o 
+	$(LD) -shared svm_learn.o svm_common.o svm_hideo.o -o libsvmlight.so
+
+#svm_learn_loqo_noexe: svm_learn_main.o svm_learn.o svm_common.o svm_loqo.o loqo
+
+#libsvmlight_loqo: svm_learn_main.o svm_learn.o svm_common.o svm_loqo.o 
+#	$(LD) -shared svm_learn.o svm_common.o svm_loqo.o  pr_loqo/pr_loqo.o -o libsvmlight.so
+
+# Compile components
+
+svm_hideo.o: svm_hideo.c
+	$(CC) -c $(CFLAGS) svm_hideo.c -o svm_hideo.o 
+
+#svm_loqo.o: svm_loqo.c 
+#	$(CC) -c $(CFLAGS) svm_loqo.c -o svm_loqo.o 
+
+svm_common.o: svm_common.c svm_common.h kernel.h
+	$(CC) -c $(CFLAGS) svm_common.c -o svm_common.o 
+
+svm_learn.o: svm_learn.c svm_common.h
+	$(CC) -c $(CFLAGS) svm_learn.c -o svm_learn.o 
+
+svm_learn_main.o: svm_learn_main.c svm_learn.h svm_common.h
+	$(CC) -c $(CFLAGS) svm_learn_main.c -o svm_learn_main.o 
+
+svm_classify.o: svm_classify.c svm_common.h kernel.h
+	$(CC) -c $(CFLAGS) svm_classify.c -o svm_classify.o
+
+#loqo: pr_loqo/pr_loqo.o
+
+#pr_loqo/pr_loqo.o: pr_loqo/pr_loqo.c
+#	$(CC) -c $(CFLAGS) pr_loqo/pr_loqo.c -o pr_loqo/pr_loqo.o
+
diff --git a/README.md b/README.md
index beeed4d..1bb1cef 100644
--- a/README.md
+++ b/README.md
@@ -1,2 +1,4 @@
-ProgrammingPearls
-=================
+PearlExercise
+=============
+
+Programming pearl
\ No newline at end of file
diff --git a/bitmap_sort.c b/bitmap_sort.c
new file mode 100644
index 0000000..b4cbd32
--- /dev/null
+++ b/bitmap_sort.c
@@ -0,0 +1,49 @@
+#include <stdio.h>
+#include <stdlib.h>
+#include <string.h>
+
+#define BIT     8
+#define SHIFT   3
+#define MASK    0x07
+
+#define N	10000000
+
+typedef  unsigned char	__u8;
+typedef  unsigned int	__u32;
+
+unsigned char *p;
+
+void clr(){
+  memset(p, 0, N/BIT);
+}
+
+void set(__u32 i){
+  *(p+(i>>3))|=(1<<(i & MASK));
+}
+
+__u8 test(__u32 i){
+  return (*(p+(i>>3)) & (1<<(i & MASK)));
+}
+
+int main(void){
+  p=(__u8 *)malloc(N/BIT);
+ 
+  FILE *fp;
+  fp = fopen("file.txt", "r");
+
+  int i;
+  
+  clr();
+  
+  while (fscanf(fp, "%d", &i) != EOF)
+    set(i);
+   
+  for(i = 0; i < N; i++){
+    if (test(i))
+      printf("%d\t", i);
+  }
+  
+  fclose(fp);
+  free(p);
+  return 0;
+}
diff --git a/chapter1/Makefile b/chapter1/Makefile
new file mode 100644
index 0000000..9fd8563
--- /dev/null
+++ b/chapter1/Makefile
@@ -0,0 +1,22 @@
+CC = cc
+CFLAGS = -Wall
+EXS_C = ex1.c ex2.c ex3.c ex4.c
+OBJS = $(EXS_C:.c=.o)
+TEST_OBJS = $(EXS_C:.c=_test.o)
+
+.PHONY : test clean
+test: ex1_test ex2_test ex3_test ex4_test
+
+obj: $(OBJS)
+$(OBJS) : defs.h
+$(TEST_OBJS) : $(OBJS) defs.h
+
+
+ex%_test : ex%_test.o $(OBJS)
+	$(CC) -o $@ $^
+	./$@
+
+
+
+clean :
+	rm *.o
diff --git a/chapter1/all.c b/chapter1/all.c
new file mode 100644
index 0000000..1d1d32c
--- /dev/null
+++ b/chapter1/all.c
@@ -0,0 +1,40 @@
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+#define MAX 10000000
+#define CNT 1000000b
+
+
+/* Ex4 */
+#define TIMER_INIT			   \
+	clock_t starttime, endtime;	   
+	
+#define TIMER(process)						\
+	starttime = clock();						\
+	process								\
+	endtime = clock() ;						\
+	printf("%lu %lu\n",					\
+		endtime, starttime
+
+void set1(int pos, char* vector)		/* set the position to 1 */
+{
+	vector[pos/8] |= (0x1 << pos%8);
+}
+
+
+int main()
+{
+	/* use qsort first */
+	int i;
+	TIMER_INIT;
+	char vector2[CNT/8 + 1];
+	starttime = clock();
+	for(i = 0; i < CNT; ++i)
+			set1(rand() % MAX, vector2);
+	endtime = clock();
+	printf("%lu %lu\n", endtime, starttime);
+
+			
+		
+}
diff --git a/chapter1/bitmap.cpp b/chapter1/bitmap.cpp
new file mode 100644
index 0000000..826ff87
--- /dev/null
+++ b/chapter1/bitmap.cpp
@@ -0,0 +1,34 @@
+/*
+��������1��
+λͼ
+
+*/
+
+#include <iostream>
+#include <algorithm>
+#include <ctime>
+#include <bitset>
+#include <cstdio>
+using namespace std;
+
+
+void BitMapSort(uint32_t* start , uint32_t* end){
+
+    bitset<DATA_NUM + 1> bitmap;
+    bitmap.reset();    //����ÿλΪ0
+
+    for (size_t i = 0; i < end - start; i++){
+        bitmap.set(i,true);
+    }
+    assert(end - start == bitmap.size());
+
+    uint32_t* vec = (uint32_t*)calloc(end - start, sizeof(uint32_t));
+    int j = 0;
+    for (size_t i = 0; i < DATA_NUM; i++) {
+        if ( bitmap[i] == true) {
+            vec[j++] = i;
+        }
+    }
+    memmove(start, vec, end - start);
+    free(vec);
+}
diff --git a/chapter1/bitmap_sort/bitmap_sort_v4/bitmap_sort.c b/chapter1/bitmap_sort/bitmap_sort_v4/bitmap_sort.c
new file mode 100644
index 0000000..f6f1948
--- /dev/null
+++ b/chapter1/bitmap_sort/bitmap_sort_v4/bitmap_sort.c
@@ -0,0 +1,151 @@
+/*
+file name: bitmap_sort.c
+purpose: 使用稀疏矩阵/位图排序。 (programming pearls, 2nd edition, 书中示例)
+		 输入： 一个最多包含n个正整数的文件，每个数都小于n，其中n=10的7次方。文件中无重复数。
+		 输出： 按升序排列输入的整数表。
+		 约束： 最多大约1M的内存空间可用，有充足的磁盘存储空间可用。运行时间最多几分钟，运行时间为10秒就不需要进一步优化。
+creator: guangwei jiang
+create time: 2012-03-16
+
+modify history:
+	Guangwei Jiang, 2012-07-24
+	Store and read the test data in TXT file.
+
+	guangwei_jiang, 2012-03-29
+	Will read the input data from extern file.
+	The extern file is a bin file (not txt file), it stores the array we needed.
+	We can read out from the file to RAM directly.
+
+	guangwei_jiang, 2012-03-20
+	Using array, it's OK to allocate 8MB memory from stack, but can not exceed 10MB from test;
+	So, we use "malloc" to allocate more memory from heap. 
+	
+notes:
+	思考：如果输入的数重复，会有什么结果？又该如何处理？
+
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <string.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+#define random(x) 				(rand()%x)
+#define VALUE_SCOPE				10000000
+#define BITMAP_ARRAY_SIZE		(VALUE_SCOPE/8)	// Using "bit" to indicate the value exist or not
+									 			// The array type is "char", so divide by 8.
+
+#define INPUT_FILE_NAME			"test_data.txt"
+#define OUTPUT_FILE_NAME		"test_data_sorted.txt"
+
+int set_bitmap(char array_bitmap[], int value)
+{
+	int ret = 0;
+
+	array_bitmap[value/8] |= 1 << (value%8);
+
+	return ret;
+}
+
+int get_bitmap(char array_bitmap[], int value)
+{
+	int ret = 0;
+		
+	if ((array_bitmap[value/8]) &(1 << value%8))
+	{
+		// the bit has been set before
+		ret = 1;
+	}
+	else
+	{
+		// the bit doesn't set before
+		ret = 0;
+	}
+
+	return ret;
+}
+
+int store_sorted_file(char array_bitmap[], char *file_name)
+{
+	int ret = 0;
+	FILE *fp;
+	size_t result;
+	int i = 0;
+	
+	fp = fopen(file_name, "wb");
+	if (fp == NULL)
+	{
+		printf("open test data failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	for (i = 0; i < VALUE_SCOPE; i++)
+	{
+		if (get_bitmap(array_bitmap, i))
+		{
+			fprintf(fp, "%d\n", i);
+		}
+	}
+	
+_fclose:
+	fclose(fp);
+	
+_end:	
+	return ret;
+}
+
+void main()
+{
+	char *array_bitmap;; 
+	int i, value;
+	clock_t start, finish;
+	double duration;
+	FILE * fp;
+	
+	fp = fopen (INPUT_FILE_NAME, "rb" );
+	if (fp==NULL)
+	{
+		printf("open file failed\n");
+		return;
+	}
+	
+	array_bitmap = (char*) malloc (sizeof(char)*BITMAP_ARRAY_SIZE);
+	if (array_bitmap == NULL)
+	{
+		printf("memory(array_bitmap) allocate failed\n");
+		goto _free_mem;
+	}
+	memset(array_bitmap, 0, sizeof(char)*BITMAP_ARRAY_SIZE);
+		
+	start = clock();
+	while (fscanf(fp, "%d", &value) != EOF)
+	{
+		set_bitmap(array_bitmap, value);
+	}
+	finish = clock();
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+
+	store_sorted_file(array_bitmap, OUTPUT_FILE_NAME);
+	
+	printf("\nSorting Done, please check file %s\n", OUTPUT_FILE_NAME);
+	
+	printf("\nthe duration of sort is %f seconds\n\n", duration);
+	
+_free_mem:
+	if (array_bitmap != NULL)
+	{
+		free(array_bitmap);
+	}
+	
+_fclose:
+	fclose(fp);
+
+}
diff --git a/chapter1/bitmap_sort/bitmap_sort_v4/generate_test_data.c b/chapter1/bitmap_sort/bitmap_sort_v4/generate_test_data.c
new file mode 100644
index 0000000..b73eab3
--- /dev/null
+++ b/chapter1/bitmap_sort/bitmap_sort_v4/generate_test_data.c
@@ -0,0 +1,119 @@
+/*
+file name: generate_test_data.c
+purpose: generate test data and save on the TXT file.
+creator: guangwei jiang
+create time: 2012-03-20
+
+modify history:
+	Guangwei Jiang, 2012-07-24
+	Save the test data as TXT instead the raw data.
+	
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+#define random(x) 				(rand()%x)
+#define VALUE_SCOPE				10000000
+
+#define DATA_ARRAY_SIZE			100000
+#define STORE_FILE_NAME			"test_data.txt"
+
+int generate_random_array(int array[])
+{
+	int i, j;
+	int random_val;
+	bool is_repeat_random;
+	int ret = 0;
+	
+	srand((int)time(0));
+	
+	for (i = 0; i < DATA_ARRAY_SIZE; i++)
+	{
+		random_val = random(VALUE_SCOPE);
+		
+		is_repeat_random = false;
+		for (j = 0; j<=i; j++)
+		{
+			if (random_val == array[j])
+			{
+				is_repeat_random = true;
+				break;
+			}
+		}
+		
+		if (!is_repeat_random)
+		{
+			array[i] = random_val;
+		}
+		else
+		{
+			i--;
+		}
+	}
+	
+	return ret;
+}
+
+void print_array(int array[], int array_size)
+{
+	int i;
+	
+	for (i = 0; i < array_size; i++)
+	{
+		printf("%d\t", array[i]);
+		if ((i+1)%5 == 0)
+		{
+			printf("\n");
+		}
+	}
+}
+
+int store_array_to_file(int array[], int array_size)
+{
+	int ret = 0;
+	FILE *fp;
+	size_t result;
+	int i = 0;
+	
+	fp = fopen(STORE_FILE_NAME, "wb");
+	if (fp == NULL)
+	{
+		printf("open test data failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	for (i = 0; i < array_size; i++)
+	{
+		fprintf(fp, "%d\n", array[i]);
+	}
+	
+_fclose:
+	fclose(fp);
+	
+_end:	
+	return ret;
+}
+
+void main()
+{
+	int array_data[DATA_ARRAY_SIZE];
+	int i;
+	clock_t start, finish;
+	double duration;
+	
+	generate_random_array(array_data);
+	
+	store_array_to_file(array_data, DATA_ARRAY_SIZE);
+	
+	printf("Generate test data done, file name is %s, test data number is %d\n\n", STORE_FILE_NAME, DATA_ARRAY_SIZE);
+}
diff --git a/chapter1/bitmap_sort/generate_test_data/generate_test_data.c b/chapter1/bitmap_sort/generate_test_data/generate_test_data.c
new file mode 100644
index 0000000..dc27b6b
--- /dev/null
+++ b/chapter1/bitmap_sort/generate_test_data/generate_test_data.c
@@ -0,0 +1,178 @@
+/*
+file name: generate_test_data.c
+purpose: generate test data and save on the TXT file.
+creator: guangwei jiang
+create time: 2012-03-20
+
+modify history:
+
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+#define random(x) 				(rand()%x)
+#define VALUE_SCOPE				10000000
+
+#define DATA_ARRAY_SIZE			2000000
+
+#define STORE_FILE_NAME			"test_data.bin"
+
+int generate_random_array(int array[])
+{
+	int i, j;
+	int random_val;
+	bool is_repeat_random;
+	int ret = 0;
+	
+	srand((int)time(0));
+	
+	for (i = 0; i < DATA_ARRAY_SIZE; i++)
+	{
+		random_val = random(VALUE_SCOPE);
+		
+		is_repeat_random = false;
+		for (j = 0; j<=i; j++)
+		{
+			if (random_val == array[j])
+			{
+				is_repeat_random = true;
+				break;
+			}
+		}
+		
+		if (!is_repeat_random)
+		{
+			array[i] = random_val;
+		}
+		else
+		{
+			i--;
+		}
+	}
+	
+	return ret;
+}
+
+void print_array(int array[], int array_size)
+{
+	int i;
+	
+	for (i = 0; i < array_size; i++)
+	{
+		printf("%d\t", array[i]);
+		if ((i+1)%5 == 0)
+		{
+			printf("\n");
+		}
+	}
+}
+
+int store_array_to_file(int array[], int array_size)
+{
+	int ret = 0;
+	FILE *fp;
+	size_t result;
+	
+	fp = fopen(STORE_FILE_NAME, "wb");
+	if (fp == NULL)
+	{
+		printf("open test data failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	result = fwrite(array, 1, array_size*sizeof(int), fp);
+	if (result != array_size*sizeof(int))
+	{
+		printf("write file failed\n");
+		ret = -1;
+		goto _fclose;
+	}
+	
+	
+_fclose:
+	fclose(fp);
+	
+_end:	
+	return ret;
+}
+
+int read_array_from_file(char * filename)
+{
+	int ret = 0;
+	FILE * fp;
+	long lSize;
+	char * buffer;
+	size_t result;
+	
+	fp = fopen ( filename , "rb" );
+	if (fp==NULL)
+	{
+		printf("open file failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	// obtain file size:
+	fseek (fp , 0 , SEEK_END);
+	lSize = ftell (fp);
+	rewind (fp);
+	
+	// allocate memory to contain the whole file:
+	buffer = (char*) malloc (sizeof(char)*lSize);
+	if (buffer == NULL)
+	{
+		printf("memory allocate failed\n");
+		ret = -1;
+		goto _fclose;
+	}
+	
+	// copy the file into the buffer:
+	result = fread (buffer,1,lSize,fp);
+	if (result != lSize)
+	{
+		printf("read failed\n");
+		ret = -1;
+		goto _free_buffer;
+	}
+	
+	// print the array
+	printf("\nafter read from file\n");
+	print_array((int *)buffer, lSize/sizeof(int));
+
+_free_buffer:	
+	free (buffer);
+
+_fclose:
+	fclose(fp);
+
+_end:	
+	return ret;
+}
+
+void main()
+{
+	int array_data[DATA_ARRAY_SIZE];
+	int i;
+	clock_t start, finish;
+	double duration;
+	
+	generate_random_array(array_data);
+	
+	printf("read before store to file\n");
+	print_array(array_data, DATA_ARRAY_SIZE);
+	
+	store_array_to_file(array_data, DATA_ARRAY_SIZE);
+	
+	read_array_from_file(STORE_FILE_NAME);
+
+}
diff --git a/chapter1/bitmap_sort/readme.txt b/chapter1/bitmap_sort/readme.txt
new file mode 100644
index 0000000..3f17f8e
--- /dev/null
+++ b/chapter1/bitmap_sort/readme.txt
@@ -0,0 +1,4 @@
+在《programming pearls, 2nd edition》, column 1 "cracking the oyster"， Page5,讲到了用位图/向量表“实现概要”：
+可用一个20位长的字符串来表示一个所有元素都小于20的简单非负数集合。例如，可以用如下字符串来表示集合{1, 2, 3, 5, 8, 13}:
+	0	1	1	1	0	1	0	0	1	0	0	0	0	1	0	0	0	0	0	0	
+代表集合中数值的位都置为1， 其他所有的位都置为0.
diff --git a/chapter1/defs.h b/chapter1/defs.h
new file mode 100644
index 0000000..299596f
--- /dev/null
+++ b/chapter1/defs.h
@@ -0,0 +1,60 @@
+#include <time.h>
+#include <stdlib.h>
+/* Ex1 */
+void pr_ints(const int*, int);
+int compare(const void*, const void*);
+
+/* Ex2 */
+#define BYTETOBINARYPATTERN "%d%d%d%d%d%d%d%d"
+#define BYTETOBINARY(byte) \
+	(byte & 0x80 ? 1 : 0), \
+	(byte & 0x40 ? 1 : 0), \
+	(byte & 0x20 ? 1 : 0), \
+	(byte & 0x10 ? 1 : 0), \
+	(byte & 0x08 ? 1 : 0), \
+	(byte & 0x04 ? 1 : 0), \
+	(byte & 0x02 ? 1 : 0), \
+	(byte & 0x01 ? 1 : 0)
+#define pr_bin(byte) \
+	printf(BYTETOBINARYPATTERN "\n", BYTETOBINARY(byte))
+
+void set1(int, char*);
+void set0(int, char*);
+int get(int, char*);
+void clean(char*, int);
+
+	
+/* Ex3 */
+#define MAX 10000000
+#define CNT 1000000
+
+
+#define TIMER_INIT			   \
+	clock_t starttime, endtime;	   \
+	int timer_times
+	
+#define TIMER(txt, times, process)					\
+	starttime = clock();						\
+	for(timer_times = 0; timer_times < times; ++timer_times) {	\
+		process;						\
+	}								\
+	endtime = clock() ;						\
+	printf("%-50s %20lu\n",						\
+		txt, endtime - starttime);
+	
+
+/* Ex4 */
+#define KNUTH_INIT				\
+	int knuth_select, knuth_i;
+
+/* select M elements from (0, N] */
+#define KNUTH(M, N, process)						\
+	knuth_select = M;						\
+	for(knuth_i = 1; knuth_i <= N; ++knuth_i) { \
+		if((rand() % (N + 1 - knuth_i)) < knuth_select) {	\
+			process;					\
+			knuth_select --;				\
+		}							\
+	}							
+	
+void genshuf(int, int, int * );
diff --git a/chapter1/ex1.c b/chapter1/ex1.c
new file mode 100644
index 0000000..ca3e87d
--- /dev/null
+++ b/chapter1/ex1.c
@@ -0,0 +1,11 @@
+/* Problem 1 */
+/* Using built-in sort */
+
+#include <stdio.h>
+#include <stdlib.h>
+
+int compare (const void * a, const void * b){
+    return (* (int*)a - *(int*)b);
+}
+
+
diff --git a/chapter1/ex2.c b/chapter1/ex2.c
new file mode 100644
index 0000000..833ece6
--- /dev/null
+++ b/chapter1/ex2.c
@@ -0,0 +1,25 @@
+/* Problem 2 */
+/* Implement bit vector using bitwise operator */
+
+#include <stdio.h>
+#include <string.h>
+#include "defs.h"
+
+void set1(int pos, char* vector) {
+    vector[pos/8] |= (0x1 << pos%8);
+}
+
+void set0(int pos, char* vector) {
+    vector[pos/8] &= ~(0x1 << pos%8);
+}
+
+int get(int pos, char* vector) {
+    return (vector[pos/8] & (0x1 << pos%8)) ? 1 : 0;
+}
+
+void clean(char* vector, size_t len){
+    for(size_t i = 0; i < len; ++i)
+        vector[i] = 0;
+}
+
+	
diff --git a/chapter1/ex2_test.c b/chapter1/ex2_test.c
new file mode 100644
index 0000000..177b2c8
--- /dev/null
+++ b/chapter1/ex2_test.c
@@ -0,0 +1,20 @@
+#include <stdio.h>
+#include "defs.h"
+
+int main()
+{
+	char vec[50];
+	set1(5, vec);
+	pr_bin(vec[0]);
+	
+	set1(6, vec);
+	pr_bin(vec[0]);
+
+	set0(6, vec);
+	pr_bin(vec[0]);
+
+	printf("%d\n",get(5,vec));
+	printf("%d\n",get(6,vec));
+	return 0;
+}
+
diff --git a/chapter1/ex4.c b/chapter1/ex4.c
new file mode 100644
index 0000000..a51e7a1
--- /dev/null
+++ b/chapter1/ex4.c
@@ -0,0 +1,23 @@
+/* Problem 4 */
+/* Produce m unique numbers randomly */
+
+#include "defs.h"
+
+
+void generateValue(int* values, size_t size){
+    for (size_t i = 0; i < size; i++) {
+        values[i] = (int)i;
+    }
+}
+void randomShuff(int* values, size_t frontSize, size_t totalSize) {
+    while (true) {
+        if (frontSize == 0) {
+            return ;
+        }
+        std::swap(values[random(totalSize)],  values[0]);
+        values++;
+        totalSize--;
+        frontSize--;
+    }
+}
+
diff --git a/chapter1/exe01/generate_test_data/generate_test_data.c b/chapter1/exe01/generate_test_data/generate_test_data.c
new file mode 100644
index 0000000..dc27b6b
--- /dev/null
+++ b/chapter1/exe01/generate_test_data/generate_test_data.c
@@ -0,0 +1,178 @@
+/*
+file name: generate_test_data.c
+purpose: generate test data and save on the TXT file.
+creator: guangwei jiang
+create time: 2012-03-20
+
+modify history:
+
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+#define random(x) 				(rand()%x)
+#define VALUE_SCOPE				10000000
+
+#define DATA_ARRAY_SIZE			2000000
+
+#define STORE_FILE_NAME			"test_data.bin"
+
+int generate_random_array(int array[])
+{
+	int i, j;
+	int random_val;
+	bool is_repeat_random;
+	int ret = 0;
+	
+	srand((int)time(0));
+	
+	for (i = 0; i < DATA_ARRAY_SIZE; i++)
+	{
+		random_val = random(VALUE_SCOPE);
+		
+		is_repeat_random = false;
+		for (j = 0; j<=i; j++)
+		{
+			if (random_val == array[j])
+			{
+				is_repeat_random = true;
+				break;
+			}
+		}
+		
+		if (!is_repeat_random)
+		{
+			array[i] = random_val;
+		}
+		else
+		{
+			i--;
+		}
+	}
+	
+	return ret;
+}
+
+void print_array(int array[], int array_size)
+{
+	int i;
+	
+	for (i = 0; i < array_size; i++)
+	{
+		printf("%d\t", array[i]);
+		if ((i+1)%5 == 0)
+		{
+			printf("\n");
+		}
+	}
+}
+
+int store_array_to_file(int array[], int array_size)
+{
+	int ret = 0;
+	FILE *fp;
+	size_t result;
+	
+	fp = fopen(STORE_FILE_NAME, "wb");
+	if (fp == NULL)
+	{
+		printf("open test data failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	result = fwrite(array, 1, array_size*sizeof(int), fp);
+	if (result != array_size*sizeof(int))
+	{
+		printf("write file failed\n");
+		ret = -1;
+		goto _fclose;
+	}
+	
+	
+_fclose:
+	fclose(fp);
+	
+_end:	
+	return ret;
+}
+
+int read_array_from_file(char * filename)
+{
+	int ret = 0;
+	FILE * fp;
+	long lSize;
+	char * buffer;
+	size_t result;
+	
+	fp = fopen ( filename , "rb" );
+	if (fp==NULL)
+	{
+		printf("open file failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	// obtain file size:
+	fseek (fp , 0 , SEEK_END);
+	lSize = ftell (fp);
+	rewind (fp);
+	
+	// allocate memory to contain the whole file:
+	buffer = (char*) malloc (sizeof(char)*lSize);
+	if (buffer == NULL)
+	{
+		printf("memory allocate failed\n");
+		ret = -1;
+		goto _fclose;
+	}
+	
+	// copy the file into the buffer:
+	result = fread (buffer,1,lSize,fp);
+	if (result != lSize)
+	{
+		printf("read failed\n");
+		ret = -1;
+		goto _free_buffer;
+	}
+	
+	// print the array
+	printf("\nafter read from file\n");
+	print_array((int *)buffer, lSize/sizeof(int));
+
+_free_buffer:	
+	free (buffer);
+
+_fclose:
+	fclose(fp);
+
+_end:	
+	return ret;
+}
+
+void main()
+{
+	int array_data[DATA_ARRAY_SIZE];
+	int i;
+	clock_t start, finish;
+	double duration;
+	
+	generate_random_array(array_data);
+	
+	printf("read before store to file\n");
+	print_array(array_data, DATA_ARRAY_SIZE);
+	
+	store_array_to_file(array_data, DATA_ARRAY_SIZE);
+	
+	read_array_from_file(STORE_FILE_NAME);
+
+}
diff --git a/chapter1/exe01/readme.txt b/chapter1/exe01/readme.txt
new file mode 100644
index 0000000..a637017
--- /dev/null
+++ b/chapter1/exe01/readme.txt
@@ -0,0 +1 @@
+1. 如果不缺内存，如何使用一个具有库的语言来实现一种排序算法以表示和排序集合？
diff --git a/chapter1/exe01/sorting_c_api/sorting_c_api.c b/chapter1/exe01/sorting_c_api/sorting_c_api.c
new file mode 100644
index 0000000..5b2c52d
--- /dev/null
+++ b/chapter1/exe01/sorting_c_api/sorting_c_api.c
@@ -0,0 +1,109 @@
+/*
+file name: sorting_c_api.c
+purpose: 如果不缺内存，如何使用一个具有库的语言来实现一种排序算法以表示和排序集合？ (programming pearls, 2nd edition, section1_exe01)
+creator: guangwei jiang
+create time: 2012-03-14
+
+modify history:
+
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+#define random(x) 		(rand()%x)
+#define RANDOM_SCOPE	1000000
+
+#define ARRAY_SIZE		200000
+
+
+
+int generate_random_array(int array[])
+{
+	int i, j;
+	int random_val;
+	bool is_repeat_random;
+	int ret = 0;
+	
+	srand((int)time(0));
+	
+	for (i = 0; i < ARRAY_SIZE; i++)
+	{
+		random_val = random(RANDOM_SCOPE);
+		
+		is_repeat_random = false;
+		/*for (j = 0; j<=i; j++)
+		{
+			if (random_val == array[j])
+			{
+				is_repeat_random = true;
+				break;
+			}
+		}*/
+		
+		if (!is_repeat_random)
+		{
+			array[i] = random_val;
+		}
+		else
+		{
+			i--;
+		}
+	}
+	
+	return ret;
+}
+
+void print_array(int array[])
+{
+	int i;
+	
+	for (i = 0; i < ARRAY_SIZE; i++)
+	{
+		printf("%d\t", array[i]);
+		if ((i+1)%10 == 0)
+		{
+			printf("\n");
+		}
+	}
+}
+
+int compare(const void *elem1, const void *elem2)
+{
+	return *((int*)(elem1)) - *((int*)(elem2));
+}
+
+void main()
+{
+	int array[ARRAY_SIZE];
+	int i;
+	clock_t start, finish;
+	double duration;
+	
+	generate_random_array(array);
+	
+	printf("before sorting\n");
+	print_array(array);
+	
+	
+	// Using c lib api/qsort() to do sorting
+	start = clock();
+	qsort(array, ARRAY_SIZE, sizeof(int), compare);
+	finish = clock();
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+	
+	printf("\nthe duration of qsort() is %f seconds,\n", duration);
+	
+	printf("\nafter sorting\n");
+	//print_array(array);
+	
+	
+}
diff --git a/chapter1/exe02/readme.txt b/chapter1/exe02/readme.txt
new file mode 100644
index 0000000..cce7517
--- /dev/null
+++ b/chapter1/exe02/readme.txt
@@ -0,0 +1,4 @@
+习题2：
+如何使用位逻辑运算（例如与、或、移位）来实现位向量。
+
+A：请参看“bitmap_sort”文件夹。
diff --git a/chapter1/exe04/generate_test_data.c b/chapter1/exe04/generate_test_data.c
new file mode 100644
index 0000000..b73eab3
--- /dev/null
+++ b/chapter1/exe04/generate_test_data.c
@@ -0,0 +1,119 @@
+/*
+file name: generate_test_data.c
+purpose: generate test data and save on the TXT file.
+creator: guangwei jiang
+create time: 2012-03-20
+
+modify history:
+	Guangwei Jiang, 2012-07-24
+	Save the test data as TXT instead the raw data.
+	
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+#define random(x) 				(rand()%x)
+#define VALUE_SCOPE				10000000
+
+#define DATA_ARRAY_SIZE			100000
+#define STORE_FILE_NAME			"test_data.txt"
+
+int generate_random_array(int array[])
+{
+	int i, j;
+	int random_val;
+	bool is_repeat_random;
+	int ret = 0;
+	
+	srand((int)time(0));
+	
+	for (i = 0; i < DATA_ARRAY_SIZE; i++)
+	{
+		random_val = random(VALUE_SCOPE);
+		
+		is_repeat_random = false;
+		for (j = 0; j<=i; j++)
+		{
+			if (random_val == array[j])
+			{
+				is_repeat_random = true;
+				break;
+			}
+		}
+		
+		if (!is_repeat_random)
+		{
+			array[i] = random_val;
+		}
+		else
+		{
+			i--;
+		}
+	}
+	
+	return ret;
+}
+
+void print_array(int array[], int array_size)
+{
+	int i;
+	
+	for (i = 0; i < array_size; i++)
+	{
+		printf("%d\t", array[i]);
+		if ((i+1)%5 == 0)
+		{
+			printf("\n");
+		}
+	}
+}
+
+int store_array_to_file(int array[], int array_size)
+{
+	int ret = 0;
+	FILE *fp;
+	size_t result;
+	int i = 0;
+	
+	fp = fopen(STORE_FILE_NAME, "wb");
+	if (fp == NULL)
+	{
+		printf("open test data failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	for (i = 0; i < array_size; i++)
+	{
+		fprintf(fp, "%d\n", array[i]);
+	}
+	
+_fclose:
+	fclose(fp);
+	
+_end:	
+	return ret;
+}
+
+void main()
+{
+	int array_data[DATA_ARRAY_SIZE];
+	int i;
+	clock_t start, finish;
+	double duration;
+	
+	generate_random_array(array_data);
+	
+	store_array_to_file(array_data, DATA_ARRAY_SIZE);
+	
+	printf("Generate test data done, file name is %s, test data number is %d\n\n", STORE_FILE_NAME, DATA_ARRAY_SIZE);
+}
diff --git a/chapter1/exe04/generate_test_data_obsolete.c b/chapter1/exe04/generate_test_data_obsolete.c
new file mode 100644
index 0000000..5ce138f
--- /dev/null
+++ b/chapter1/exe04/generate_test_data_obsolete.c
@@ -0,0 +1,181 @@
+/*
+file name: generate_test_data.c
+purpose: generate test data and save on the TXT file.
+		 假设n为10 000 000，且输入文件包含1 000 000个整数。
+		 如何生成位于0至n-1之间的k个不同的随机顺序的随机整数？
+		 尽量使你的程序简短且高效。
+creator: guangwei jiang
+create time: 2012-03-20
+
+modify history:
+
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+#define random(x) 				(rand()%x)
+#define VALUE_SCOPE				10000000
+
+#define DATA_ARRAY_SIZE			1000000
+
+#define STORE_FILE_NAME			"test_data.bin"
+
+int generate_random_array(int array[])
+{
+	int i, j;
+	int random_val;
+	bool is_repeat_random;
+	int ret = 0;
+	
+	srand((int)time(0));
+	
+	for (i = 0; i < DATA_ARRAY_SIZE; i++)
+	{
+		random_val = random(VALUE_SCOPE);
+		
+		is_repeat_random = false;
+		for (j = 0; j<=i; j++)
+		{
+			if (random_val == array[j])
+			{
+				is_repeat_random = true;
+				break;
+			}
+		}
+		
+		if (!is_repeat_random)
+		{
+			array[i] = random_val;
+		}
+		else
+		{
+			i--;
+		}
+	}
+	
+	return ret;
+}
+
+void print_array(int array[], int array_size)
+{
+	int i;
+	
+	for (i = 0; i < array_size; i++)
+	{
+		printf("%d\t", array[i]);
+		if ((i+1)%5 == 0)
+		{
+			printf("\n");
+		}
+	}
+}
+
+int store_array_to_file(int array[], int array_size)
+{
+	int ret = 0;
+	FILE *fp;
+	size_t result;
+	
+	fp = fopen(STORE_FILE_NAME, "wb");
+	if (fp == NULL)
+	{
+		printf("open test data failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	result = fwrite(array, 1, array_size*sizeof(int), fp);
+	if (result != array_size*sizeof(int))
+	{
+		printf("write file failed\n");
+		ret = -1;
+		goto _fclose;
+	}
+	
+	
+_fclose:
+	fclose(fp);
+	
+_end:	
+	return ret;
+}
+
+int read_array_from_file(char * filename)
+{
+	int ret = 0;
+	FILE * fp;
+	long lSize;
+	char * buffer;
+	size_t result;
+	
+	fp = fopen ( filename , "rb" );
+	if (fp==NULL)
+	{
+		printf("open file failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	// obtain file size:
+	fseek (fp , 0 , SEEK_END);
+	lSize = ftell (fp);
+	rewind (fp);
+	
+	// allocate memory to contain the whole file:
+	buffer = (char*) malloc (sizeof(char)*lSize);
+	if (buffer == NULL)
+	{
+		printf("memory allocate failed\n");
+		ret = -1;
+		goto _fclose;
+	}
+	
+	// copy the file into the buffer:
+	result = fread (buffer,1,lSize,fp);
+	if (result != lSize)
+	{
+		printf("read failed\n");
+		ret = -1;
+		goto _free_buffer;
+	}
+	
+	// print the array
+	printf("\nafter read from file\n");
+	print_array((int *)buffer, lSize/sizeof(int));
+
+_free_buffer:	
+	free (buffer);
+
+_fclose:
+	fclose(fp);
+
+_end:	
+	return ret;
+}
+
+void main()
+{
+	int array_data[DATA_ARRAY_SIZE];
+	int i;
+	clock_t start, finish;
+	double duration;
+	
+	generate_random_array(array_data);
+	
+	printf("read before store to file\n");
+	print_array(array_data, DATA_ARRAY_SIZE);
+	
+	store_array_to_file(array_data, DATA_ARRAY_SIZE);
+	
+	read_array_from_file(STORE_FILE_NAME);
+
+}
diff --git a/chapter1/exe04/generate_test_data_opt.c b/chapter1/exe04/generate_test_data_opt.c
new file mode 100644
index 0000000..a039bcb
--- /dev/null
+++ b/chapter1/exe04/generate_test_data_opt.c
@@ -0,0 +1,141 @@
+/*
+file name: generate_test_data_opt.c
+purpose: generate test data and save on the TXT file.
+creator: guangwei jiang
+create time: 2012-03-20
+
+modify history:
+	Guangwei Jiang, 2012-07-25
+	Based on the codes and hint on P196 (as below), re-write the codes, and it's very effective,
+	for i = [0, n)
+		x[i] = i;
+	for i = [0, k)
+		swap(i, randint(i, n-1))
+		print x[i]
+
+	Guangwei Jiang, 2012-07-24
+	Save the test data as TXT instead the raw data.
+	
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+#define random(x) 				(rand()%x)
+#define VALUE_SCOPE				10000000
+
+#define DATA_ARRAY_SIZE			1000000
+#define STORE_FILE_NAME			"test_data.txt"
+
+int randint (int min,int max)
+{
+	int random_val = 0;
+
+	random_val = random(max-min+1) + min;
+
+	return random_val;
+}
+
+void swap (int *x, int *y)
+{
+	int tmp;
+
+	tmp = *x;
+	*x = *y;
+	*y = tmp;
+}
+
+int generate_random_array(int array[], int value_scope, int number)
+{
+	int i;
+	int ret = 0;
+	int tmp;
+	
+	srand((int)time(0));
+
+	for (i = 0; i < value_scope; i++)
+		  array[i] = i;
+	
+	for (i = 0; i < number; i++)
+	{
+		swap(array+i, array+randint(i, value_scope));
+	}
+	return ret;
+}
+
+void print_array(int array[], int array_size)
+{
+	int i;
+	
+	for (i = 0; i < array_size; i++)
+	{
+		printf("%d\t", array[i]);
+		if ((i+1)%5 == 0)
+		{
+			printf("\n");
+		}
+	}
+}
+
+int store_array_to_file(int array[], int array_size)
+{
+	int ret = 0;
+	FILE *fp;
+	size_t result;
+	int i = 0;
+	
+	fp = fopen(STORE_FILE_NAME, "wb");
+	if (fp == NULL)
+	{
+		printf("open test data failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	for (i = 0; i < array_size; i++)
+	{
+		fprintf(fp, "%d\n", array[i]);
+	}
+	
+_fclose:
+	fclose(fp);
+	
+_end:	
+	return ret;
+}
+
+void main()
+{
+	int *array_data;
+	int i;
+	clock_t start, finish;
+	double duration;
+
+	array_data = (int*) malloc (sizeof(int)*VALUE_SCOPE);
+	if (array_data == NULL)
+	{
+		printf("memory(array_bitmap) allocate failed\n");
+		goto _free_mem;
+	}
+	
+	generate_random_array(array_data, VALUE_SCOPE, DATA_ARRAY_SIZE);
+	
+	store_array_to_file(array_data, DATA_ARRAY_SIZE);
+	
+	printf("Generate test data done, file name is %s, test data number is %d\n\n", STORE_FILE_NAME, DATA_ARRAY_SIZE);
+
+_free_mem:
+	if (array_data != NULL)
+	{
+		free(array_data);
+		array_data = NULL;
+	}
+}
diff --git a/chapter1/exe04/readme.txt b/chapter1/exe04/readme.txt
new file mode 100644
index 0000000..5c736f8
--- /dev/null
+++ b/chapter1/exe04/readme.txt
@@ -0,0 +1,4 @@
+习题4：
+假设n为10 000 000，且输入文件包含1 000 000个整数。
+如何生成位于0至n-1之间的k个不同的随机顺序的随机整数？
+尽量使你的程序简短且高效。
diff --git a/chapter1/exe05/bitmap_sort_2way.c b/chapter1/exe05/bitmap_sort_2way.c
new file mode 100644
index 0000000..ea92f06
--- /dev/null
+++ b/chapter1/exe05/bitmap_sort_2way.c
@@ -0,0 +1,197 @@
+/*
+file name: bitmap_sort_2way.c
+purpose: 
+	习题5：
+	那个程序员说他有1M的可用空间，但是我们概要描述的代码需要1.25MB的空间。
+	他可以不费力气地索取到额外的空间。如果1MB空间使严格的边界，你会推荐如何处理呢？
+	你的算法运行时间又是多少？
+creator: guangwei jiang
+create time: 2012-03-16
+
+modify history:
+	Guangwei Jiang, 2012-07-24
+	Use less than 1MB RAM to sort.
+
+	Guangwei Jiang, 2012-07-24
+	Store and read the test data in TXT file.
+
+	guangwei_jiang, 2012-03-29
+	Will read the input data from extern file.
+	The extern file is a bin file (not txt file), it stores the array we needed.
+	We can read out from the file to RAM directly.
+
+	guangwei_jiang, 2012-03-20
+	Using array, it's OK to allocate 8MB memory from stack, but can not exceed 10MB from test;
+	So, we use "malloc" to allocate more memory from heap. 
+	
+notes:
+	思考：如果输入的数重复，会有什么结果？又该如何处理？
+
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <string.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+enum DATA_SECTION { 
+	TOP_HALF = 0,
+	BOTTOM_HALF
+};
+
+#define random(x) 				(rand()%x)
+#define VALUE_SCOPE				10000000
+#define BITMAP_ARRAY_SIZE		(VALUE_SCOPE/8)	// Using "bit" to indicate the value exist or not
+									 			// The array type is "char", so divide by 8.
+#define BITMAP_2WAY_ARRAY_SIZE	(VALUE_SCOPE/16)// Limited the memory low than 1MB, we use 2-way to low down the using RAM;
+												// Current RAM is around 0.625MB.
+
+#define INPUT_FILE_NAME			"test_data.txt"
+#define OUTPUT_FILE_NAME		"test_data_sorted.txt"
+
+int set_bitmap(char array_bitmap[], int value, int data_section)
+{
+	int ret = 0;
+
+	
+	if (data_section == TOP_HALF)
+	{
+		if (value < VALUE_SCOPE/2)
+			  array_bitmap[value/8] |= 1 << (value%8);
+	}
+	else
+	{
+		if (value >= VALUE_SCOPE/2)
+		{
+			value -= VALUE_SCOPE/2;
+			array_bitmap[value/8] |= 1 << (value%8);
+		}
+	}
+	
+	return ret;
+}
+
+int get_bitmap(char array_bitmap[], int value)
+{
+	int ret = 0;
+		
+	if ((array_bitmap[value/8]) &(1 << value%8))
+	{
+		// the bit has been set before
+		ret = 1;
+	}
+	else
+	{
+		// the bit doesn't set before
+		ret = 0;
+	}
+
+	return ret;
+}
+
+int store_sorted_file(char array_bitmap[], char *file_name, int data_section)
+{
+	int ret = 0;
+	FILE *fp;
+	size_t result;
+	int i = 0;
+	
+	if (data_section == TOP_HALF)
+	{
+		fp = fopen(file_name, "w");
+	}
+	else
+	{
+		fp = fopen(file_name, "a+");
+	}
+
+	if (fp == NULL)
+	{
+		printf("open test data failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	for (i = 0; i < VALUE_SCOPE/2; i++)
+	{
+		if (get_bitmap(array_bitmap, i))
+		{
+			if (data_section == TOP_HALF)
+				fprintf(fp, "%d\n", i);
+			else if (data_section == BOTTOM_HALF)
+				fprintf(fp, "%d\n", i+VALUE_SCOPE/2);
+		}
+	}
+	
+_fclose:
+	fclose(fp);
+	
+_end:	
+	return ret;
+}
+
+void main()
+{
+	char *array_bitmap;; 
+	int i, value;
+	clock_t start, finish;
+	double duration;
+	FILE * fp;
+	
+	fp = fopen (INPUT_FILE_NAME, "r" );
+	if (fp==NULL)
+	{
+		printf("open file failed\n");
+		return;
+	}
+	
+	array_bitmap = (char*) malloc (sizeof(char)*BITMAP_2WAY_ARRAY_SIZE);
+	if (array_bitmap == NULL)
+	{
+		printf("memory(array_bitmap) allocate failed\n");
+		goto _free_mem;
+	}
+	memset(array_bitmap, 0, sizeof(char)*BITMAP_2WAY_ARRAY_SIZE);
+		
+	start = clock();
+	// 1st step: caculate the "top half" (0~10,000,000/2)
+	while (fscanf(fp, "%d", &value) != EOF)
+	{
+		set_bitmap(array_bitmap, value, TOP_HALF);
+	}
+	store_sorted_file(array_bitmap, OUTPUT_FILE_NAME, TOP_HALF);
+
+	// 2nd step: caculate the "bottom half" (10,000,000/2 ~ 10,000,000)
+	memset(array_bitmap, 0, sizeof(char)*BITMAP_2WAY_ARRAY_SIZE);
+	rewind(fp);
+	while (fscanf(fp, "%d", &value) != EOF)
+	{
+		set_bitmap(array_bitmap, value, BOTTOM_HALF);
+	}
+	store_sorted_file(array_bitmap, OUTPUT_FILE_NAME, BOTTOM_HALF);
+	
+	finish = clock();
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+
+		
+	printf("\nSorting Done, please check file %s\n", OUTPUT_FILE_NAME);
+	
+	printf("\nthe duration of sort is %f seconds\n\n", duration);
+	
+_free_mem:
+	if (array_bitmap != NULL)
+	{
+		free(array_bitmap);
+	}
+	
+_fclose:
+	fclose(fp);
+
+}
diff --git a/chapter1/exe05/generate_test_data.c b/chapter1/exe05/generate_test_data.c
new file mode 100644
index 0000000..b73eab3
--- /dev/null
+++ b/chapter1/exe05/generate_test_data.c
@@ -0,0 +1,119 @@
+/*
+file name: generate_test_data.c
+purpose: generate test data and save on the TXT file.
+creator: guangwei jiang
+create time: 2012-03-20
+
+modify history:
+	Guangwei Jiang, 2012-07-24
+	Save the test data as TXT instead the raw data.
+	
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+#define random(x) 				(rand()%x)
+#define VALUE_SCOPE				10000000
+
+#define DATA_ARRAY_SIZE			100000
+#define STORE_FILE_NAME			"test_data.txt"
+
+int generate_random_array(int array[])
+{
+	int i, j;
+	int random_val;
+	bool is_repeat_random;
+	int ret = 0;
+	
+	srand((int)time(0));
+	
+	for (i = 0; i < DATA_ARRAY_SIZE; i++)
+	{
+		random_val = random(VALUE_SCOPE);
+		
+		is_repeat_random = false;
+		for (j = 0; j<=i; j++)
+		{
+			if (random_val == array[j])
+			{
+				is_repeat_random = true;
+				break;
+			}
+		}
+		
+		if (!is_repeat_random)
+		{
+			array[i] = random_val;
+		}
+		else
+		{
+			i--;
+		}
+	}
+	
+	return ret;
+}
+
+void print_array(int array[], int array_size)
+{
+	int i;
+	
+	for (i = 0; i < array_size; i++)
+	{
+		printf("%d\t", array[i]);
+		if ((i+1)%5 == 0)
+		{
+			printf("\n");
+		}
+	}
+}
+
+int store_array_to_file(int array[], int array_size)
+{
+	int ret = 0;
+	FILE *fp;
+	size_t result;
+	int i = 0;
+	
+	fp = fopen(STORE_FILE_NAME, "wb");
+	if (fp == NULL)
+	{
+		printf("open test data failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	for (i = 0; i < array_size; i++)
+	{
+		fprintf(fp, "%d\n", array[i]);
+	}
+	
+_fclose:
+	fclose(fp);
+	
+_end:	
+	return ret;
+}
+
+void main()
+{
+	int array_data[DATA_ARRAY_SIZE];
+	int i;
+	clock_t start, finish;
+	double duration;
+	
+	generate_random_array(array_data);
+	
+	store_array_to_file(array_data, DATA_ARRAY_SIZE);
+	
+	printf("Generate test data done, file name is %s, test data number is %d\n\n", STORE_FILE_NAME, DATA_ARRAY_SIZE);
+}
diff --git a/chapter1/exe05/readme.txt b/chapter1/exe05/readme.txt
new file mode 100644
index 0000000..07bbddf
--- /dev/null
+++ b/chapter1/exe05/readme.txt
@@ -0,0 +1,6 @@
+习题5：
+那个程序员说他有1M的可用空间，但是我们概要描述的代码需要1.25MB的空间。他可以不费力气地索取到额外的空间。如果1MB空间使严格的边界，你会推荐如何处理呢？你的算法运行时间又是多少？
+
+分析：
+书中要排序的数在10的7次方（10，000，000）之内，如果用位图法排序则一个Byte可以表示8个数，则位图所占空间为（1，250，000，即1.25M）。
+内存耗用，还有另外一个考虑因素：载入内存的数据。但作者似乎并没有考虑这个因素，因此我们也暂且忽略这个因素。
diff --git a/chapter1/exe06/bitmap_sort.c b/chapter1/exe06/bitmap_sort.c
new file mode 100644
index 0000000..c682d1d
--- /dev/null
+++ b/chapter1/exe06/bitmap_sort.c
@@ -0,0 +1,191 @@
+/*
+file name: bitmap_sort.c
+purpose:
+	习题6：
+	如果那个程序员说的不是每个整数最多出现一次，而是最多出现10次，你又如何建议他呢？
+	你的解决方案如何随着可用存储空间总量的变化而变化？ 
+creator: guangwei jiang
+create time: 2012-03-16
+
+modify history:
+	Guangwei Jiang, 2012-07-24
+	Allow one value repeat less or equal 10 times.
+
+	Guangwei Jiang, 2012-07-24
+	Store and read the test data in TXT file.
+
+	guangwei_jiang, 2012-03-29
+	Will read the input data from extern file.
+	The extern file is a bin file (not txt file), it stores the array we needed.
+	We can read out from the file to RAM directly.
+
+	guangwei_jiang, 2012-03-20
+	Using array, it's OK to allocate 8MB memory from stack, but can not exceed 10MB from test;
+	So, we use "malloc" to allocate more memory from heap. 
+	
+notes:
+	思考：如果输入的数重复，会有什么结果？又该如何处理？
+
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <string.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+#define random(x) 				(rand()%x)
+#define VALUE_SCOPE				10000000
+#define BITMAP_ARRAY_SIZE		(VALUE_SCOPE/2)	// Using 4 bits to indicate the repeat times of a value (repeat times less or equal 10);
+									 			// The array type is "char" (8 bits), so divide by 2.
+
+#define INPUT_FILE_NAME			"test_data.txt"
+#define OUTPUT_FILE_NAME		"test_data_sorted.txt"
+
+int set_bitmap(char array_bitmap[], int value)
+{
+	int ret = 0;
+	char cur_times = 0;
+
+	if (value % 2) 
+	{
+		// It's high 4 bits
+		cur_times = array_bitmap[value/2] >> 4;
+		if (cur_times <15)
+		{
+			cur_times++;
+			array_bitmap[value/2] &= 0x0F;
+			array_bitmap[value/2] |= cur_times << 4;
+		}
+		else
+		{
+			ret = -1;
+			printf("%s: error - cur_times over 15\n", __func__);
+		}
+	}
+	else
+	{
+		// It's low 4 bits
+		cur_times = array_bitmap[value/2] & 0x0F;
+		if (cur_times <15)
+		{
+			cur_times++;
+			array_bitmap[value/2] &= 0xF0;
+			array_bitmap[value/2] |= cur_times;
+		}
+		else
+		{
+			ret = -1;
+			printf("%s: error - cur_times over 15\n", __func__);
+		}
+
+	}
+
+	return ret;
+}
+
+int get_bitmap(char array_bitmap[], int value)
+{
+	int ret = 0;
+	char cur_times = 0;
+
+	if (value % 2)
+	{
+		// It's high 4 bits
+		cur_times = array_bitmap[value/2] >> 4;
+	}
+	else
+	{
+		// It's low 4 bits
+		cur_times = array_bitmap[value/2] & 0x0F;
+	}
+		
+	ret = (int)cur_times;
+	return ret;
+}
+
+int store_sorted_file(char array_bitmap[], char *file_name)
+{
+	int ret = 0;
+	FILE *fp;
+	size_t result;
+	int i = 0, j = 0;
+	int repeat_times = 0;
+	
+	fp = fopen(file_name, "w");
+	if (fp == NULL)
+	{
+		printf("open test data failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	for (i = 0; i < VALUE_SCOPE; i++)
+	{
+		repeat_times = get_bitmap(array_bitmap, i);
+		for(j = 0; j < repeat_times; j++)
+		{
+			fprintf(fp, "%d\n", i);
+		}
+	}
+	
+_fclose:
+	fclose(fp);
+	
+_end:	
+	return ret;
+}
+
+void main()
+{
+	char *array_bitmap;; 
+	int i, value;
+	clock_t start, finish;
+	double duration;
+	FILE * fp;
+	
+	fp = fopen (INPUT_FILE_NAME, "r" );
+	if (fp==NULL)
+	{
+		printf("open file failed\n");
+		return;
+	}
+	
+	array_bitmap = (char*) malloc (sizeof(char)*BITMAP_ARRAY_SIZE);
+	if (array_bitmap == NULL)
+	{
+		printf("memory(array_bitmap) allocate failed\n");
+		goto _free_mem;
+	}
+	memset(array_bitmap, 0, sizeof(char)*BITMAP_ARRAY_SIZE);
+		
+	start = clock();
+	while (fscanf(fp, "%d", &value) != EOF)
+	{
+		set_bitmap(array_bitmap, value);
+	}
+	finish = clock();
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+
+	store_sorted_file(array_bitmap, OUTPUT_FILE_NAME);
+	
+	printf("\nSorting Done, please check file %s\n", OUTPUT_FILE_NAME);
+	
+	printf("\nthe duration of sort is %f seconds\n\n", duration);
+	
+_free_mem:
+	if (array_bitmap != NULL)
+	{
+		free(array_bitmap);
+	}
+	
+_fclose:
+	fclose(fp);
+
+}
diff --git a/chapter1/exe06/generate_test_data.c b/chapter1/exe06/generate_test_data.c
new file mode 100644
index 0000000..eeb5f91
--- /dev/null
+++ b/chapter1/exe06/generate_test_data.c
@@ -0,0 +1,125 @@
+/*
+file name: generate_test_data.c
+purpose: generate test data and save on the TXT file.
+creator: guangwei jiang
+create time: 2012-03-20
+
+modify history:
+	Guangwei Jiang, 2012-07-24
+	The max repeat times of a value is 10.
+
+	Guangwei Jiang, 2012-07-24
+	Save the test data as TXT instead the raw data.
+	
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+// Linux gcc doesn't support "bool", we define it as below
+#define bool 			int
+enum BOOL {
+false = 0,
+true = !false
+};
+
+#define random(x) 				(rand()%x)
+#define VALUE_SCOPE				10000000
+
+#define DATA_ARRAY_SIZE			100000
+#define STORE_FILE_NAME			"test_data.txt"
+
+#define MAX_REPEAT_TIMES		10
+
+int generate_random_array(int array[])
+{
+	int i, j;
+	int random_val;
+	int repeat_times = 0;
+	int ret = 0;
+	
+	srand((int)time(0));
+	
+	for (i = 0; i < DATA_ARRAY_SIZE; i++)
+	{
+		random_val = random(VALUE_SCOPE);
+		
+		repeat_times = 0;
+		for (j = 0; j<=i; j++)
+		{
+			if (random_val == array[j])
+			{
+				repeat_times++;
+				if (repeat_times > MAX_REPEAT_TIMES)
+					break;
+			}
+		}
+		
+		if (repeat_times <= MAX_REPEAT_TIMES)
+		{
+			array[i] = random_val;
+		}
+		else
+		{
+			i--;
+		}
+	}
+	
+	return ret;
+}
+
+void print_array(int array[], int array_size)
+{
+	int i;
+	
+	for (i = 0; i < array_size; i++)
+	{
+		printf("%d\t", array[i]);
+		if ((i+1)%5 == 0)
+		{
+			printf("\n");
+		}
+	}
+}
+
+int store_array_to_file(int array[], int array_size)
+{
+	int ret = 0;
+	FILE *fp;
+	size_t result;
+	int i = 0;
+	
+	fp = fopen(STORE_FILE_NAME, "wb");
+	if (fp == NULL)
+	{
+		printf("open test data failed\n");
+		ret = -1;
+		goto _end;
+	}
+	
+	for (i = 0; i < array_size; i++)
+	{
+		fprintf(fp, "%d\n", array[i]);
+	}
+	
+_fclose:
+	fclose(fp);
+	
+_end:	
+	return ret;
+}
+
+void main()
+{
+	int array_data[DATA_ARRAY_SIZE];
+	int i;
+	clock_t start, finish;
+	double duration;
+	
+	generate_random_array(array_data);
+	
+	store_array_to_file(array_data, DATA_ARRAY_SIZE);
+	
+	printf("Generate test data done, file name is %s, test data number is %d\n\n", STORE_FILE_NAME, DATA_ARRAY_SIZE);
+}
diff --git a/chapter1/exe06/readme.txt b/chapter1/exe06/readme.txt
new file mode 100644
index 0000000..8cb9eee
--- /dev/null
+++ b/chapter1/exe06/readme.txt
@@ -0,0 +1,7 @@
+习题6：
+如果那个程序员说的不是每个整数最多出现一次，而是最多出现10次，你又如何建议他呢？
+你的解决方案如何随着可用存储空间总量的变化而变化？
+
+分析：
+如果还是用bitmap方法排序，那么我们需要用4个bit来存储（4个bit可以表达一个数最多出现15次).
+如果一个数出现的次数超过15次，则会漏掉某些数字。
diff --git a/Chapter1/Exercise1.6/exercise2.c b/chapter1/exercise2.c
similarity index 100%
rename from Chapter1/Exercise1.6/exercise2.c
rename to chapter1/exercise2.c
diff --git a/chapter1/multimergesort.cpp b/chapter1/multimergesort.cpp
new file mode 100644
index 0000000..912247b
--- /dev/null
+++ b/chapter1/multimergesort.cpp
@@ -0,0 +1,182 @@
+/*
+��������1��
+��·�鲢����
+
+
+*/
+
+#include <iostream>
+#include <cstring>
+#include <fstream>
+#include <algorithm>
+#include <ctime>
+using namespace std;
+
+#define MAX 10000                //    �������������޸�
+#define MAX_ONCE 2500        //    �ڴ�����MAX_ONCE������
+#define FILENAME_LEN 20
+
+//range:��Χ
+//num :����
+void Random(int range, int num)
+{
+    int *a = new int[range];
+    int i, j;
+
+    srand(time(NULL));
+    fstream dist_file;
+
+    for(i = 0; i < range; i++)
+    {
+        a[i] = i + 1;
+    }
+
+    //Ԥ����
+    for(j = 0; j < range; j++)
+    {
+        int ii = (rand()*RAND_MAX+rand()) % range,
+            jj = (rand()*RAND_MAX+rand()) % range;
+        swap(a[ii], a[jj]);
+    }//for
+
+    dist_file.open("data.txt", ios::out);
+
+    //д���ļ�
+    for(i = 0; i < num; i++)
+    {
+        dist_file << a[i] << " ";
+    }
+
+    //����
+    delete []a;
+    dist_file.close();
+}
+
+//index: �ļ����±�
+char *create_filename(int index)
+{
+    char *a = new char[FILENAME_LEN];
+    sprintf(a, "data %d.txt", index);
+    return a;
+}
+
+//num��ÿ�ζ����ڴ��������
+void mem_sort(int num)
+{
+    fstream fs("data.txt",ios::in);
+    int temp[MAX_ONCE];        //�ڴ������ݴ�
+    int file_index = 0;        //�ļ��±�
+
+    int count;                //ʵ�ʶ����ڴ�������
+    bool eof_flag = false;    //�ļ�ĩβ��ʶ
+
+    while(!fs.eof())
+    {
+        count = 0;
+        for(int i = 0; i < MAX_ONCE; i++)
+        {
+            fs >> temp[count];
+
+            //����һ�����ݺ��ж��Ƿ���ĩβ
+            if(fs.peek() == EOF)
+            {
+                eof_flag = true;
+                break;
+            }//if
+
+            count++;
+        }//for
+
+        if(eof_flag)    //��������ļ�ĩβ�Ͳ�������ȥִ������IJ���
+        {
+            break;
+        }
+
+        //�ڴ�����
+        //sort(temp, temp + count, comp);
+        sort(temp, temp + count);
+
+        //д���ļ�
+        char *filename = create_filename(++file_index);
+        fstream fs_temp(filename, ios::out);
+        for(int i = 0; i < count; i++)
+        {
+            fs_temp << temp[i] << " ";
+        }
+        fs_temp.close();
+        delete []filename;
+    }//while
+
+    fs.close();
+}
+
+void merge_sort(int filecount)
+{
+    fstream *fs = new fstream[filecount];
+    fstream result("result.txt", ios::out);
+
+    int index = 1;
+    int temp[MAX_ONCE];
+    int eofcount = 0;
+    bool *eof_flag = new bool[filecount];
+    memset(eof_flag, false, filecount *sizeof(bool));
+
+    for(int i = 0; i < filecount; i++)
+    {
+        fs[i].open(create_filename(index++), ios::in);//�򿪷ֶ��ļ�
+    }
+
+    for(int i = 0; i < filecount; i++)
+    {
+        fs[i] >> temp[i];
+    }
+//�ֱ�򿪷ֶ��ļ���ÿ�θ���ȡһ������Ȼ��Ƚϣ�����С����д���ļ���ֱ�����зֶ��ļ�������ȡ�ꡣ
+    while(eofcount < filecount)
+    {
+        int j = 0;
+
+        //�ҵ���һ��δ�����������ļ�
+        while(eof_flag[j])
+        {
+            j++;
+        }
+
+        int min = temp[j];
+        int fileindex = 0;
+        for(int i = j + 1; i < filecount; i++)
+        {
+            if(temp[i] < min && !eof_flag[i])
+            {
+                min = temp[i];
+                fileindex = i;
+            }
+        }//for
+
+        result << min << " ";
+        fs[fileindex] >> temp[fileindex];
+
+        //ĩβ�ж�
+        if(fs[fileindex].peek() == EOF)
+        {
+            eof_flag[fileindex] = true;
+            eofcount++;
+        }
+    }//while
+
+    delete []fs;
+    delete []eof_flag;
+    result.close();
+}
+
+int main()
+{
+    Random(MAX, MAX);
+    clock_t start = clock();
+    mem_sort(MAX);
+    merge_sort(4);
+    clock_t end = clock();
+
+    double cost = (end - start) * 1.0 / CLK_TCK;
+    cout << "��ʱ" << cost << "s" << endl;
+    return 0;
+}
diff --git a/Chapter1/test.c b/chapter1/test.c
similarity index 100%
rename from Chapter1/test.c
rename to chapter1/test.c
diff --git a/chapter11/9.cc b/chapter11/9.cc
new file mode 100644
index 0000000..9d00e88
--- /dev/null
+++ b/chapter11/9.cc
@@ -0,0 +1,24 @@
+void selectTopK(int *array, int size, int topK) {
+    if (size < topK) {
+        return ;
+    }
+    int key = array[size-1];
+    int greaterNumber = 0;
+    for (size_t i = 0; i < size -1; i++) {
+        if (array[i] > key) {
+            std::swap(array[i], array[greaterNumber]);
+            greaterNumber++;
+        }
+    }
+    std::swap(array[greaterNumber], array[size - 1]);
+    if (greaterNumber + 1 == topK && greaterNumber == topK) {
+        return ;
+    }
+    if (topK < greaterNumber) {
+        selectTopK(array, greaterNumber, topK);
+        return ;
+    }
+    assert(topK > greaterNumber + 1);
+    selectTopK(array+greaterNumber+1, size-(greaterNumber+1), topK - greaterNumber);
+}
+
diff --git a/chapter11/quick_sort.cc b/chapter11/quick_sort.cc
new file mode 100644
index 0000000..8ee6817
--- /dev/null
+++ b/chapter11/quick_sort.cc
@@ -0,0 +1,24 @@
+s
+#include <iostream> //NOLINT
+using std::cout;
+using std::endl;
+#include <cstdlib>
+
+void swap(int *array, int m, int n) {
+    std::swap(array[m], array[n]);
+}
+
+
+void isort(int *array, size size) {
+    int  j;
+    for (size_t i = 1; i < size; ++i) {
+        int t = array[i];
+        for (j = i; j >= 0  && array[j - 1] < t; --j) {
+            array[j] = array[j - 1];
+        }
+        array[j - 1] = t;
+    }
+}
+
+
+
diff --git a/chapter11/selsort.cc b/chapter11/selsort.cc
new file mode 100644
index 0000000..6d5e9b9
--- /dev/null
+++ b/chapter11/selsort.cc
@@ -0,0 +1,17 @@
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+
+void selSort(int *array_data, int array_size){
+    if ( size <= 1) {
+        return ;
+    }
+    for (size_t i = 1; i < size; i++) {
+        if (array_data[i] > array_data[0]) {
+            std::swap(array_data[0], array_data[i]);
+        }
+    }
+    selSort(array_data + 1, size - 1);
+}
+
diff --git a/chapter11/shellSort.cc b/chapter11/shellSort.cc
new file mode 100644
index 0000000..d714a87
--- /dev/null
+++ b/chapter11/shellSort.cc
@@ -0,0 +1,78 @@
+/*
+file name: shellsort.cpp
+purpose: 
+	希尔排序（或“递减增量排序”）类似于插入排序，但它将元素向后移动h个位置而不是1个位置。
+	h的值开始很大，然后慢慢缩小。
+creator: Guangwei Jiang
+create time: 2012-08-06
+
+modify history:
+
+notes:
+*/
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+
+#define ARRAY_SIZE		50
+
+// notes: bigrand should at least 64bits
+
+void shellsort(int *array_data, int array_size){
+    size_t h = array_size;
+    while(h > 0){
+        if (h < 3){
+            h--;
+        } else {
+            h /= 3;
+        }
+        for (int i = h; i < array_size; i++) {
+            for (j = i; j >= h; j -= h) {
+                if (array_data[j-h] < array_data[j])
+                    break;
+                swap(array_data+j-h, array_data+j);
+            }
+        }
+    }
+}
+
+
+int main()
+{
+	clock_t start, finish;
+	double duration;	
+	int *array_data;
+
+	array_data = (int*) malloc (sizeof(int)*ARRAY_SIZE);
+	if (array_data == NULL)
+	{
+		printf("memory(array_bitmap) allocate failed\n");
+		goto _free_mem;
+	}
+	
+	printf("Generate the test data...\n");
+	gen_random_array(array_data, ARRAY_SIZE);
+	//gen_equal_array(array_data, ARRAY_SIZE);
+	//gen_increasing_array(array_data, ARRAY_SIZE);
+
+	printf("Sorting data...\n");
+	start = clock();
+	shellsort(array_data, ARRAY_SIZE);
+	finish = clock();
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+
+	// print the data after sorting
+	print_array(array_data, ARRAY_SIZE);
+
+	printf("Test data number is %d\n", ARRAY_SIZE);
+	printf("the duration is %f seconds\n\n", duration);
+
+_free_mem:
+	if (array_data != NULL)
+	{
+		free(array_data);
+		array_data = NULL;
+	}
+
+	return 0;
+}
diff --git a/chapter12/1.cc b/chapter12/1.cc
new file mode 100644
index 0000000..716cd31
--- /dev/null
+++ b/chapter12/1.cc
@@ -0,0 +1,8 @@
+
+int randint(int m, int n) {
+  return m + (rand() / (RAND_MAX / (n - m + 1) + 1));
+}
+
+int bigrand() {
+  return RAND_MAX * rand() + rand();
+}
diff --git a/chapter12/10.cc b/chapter12/10.cc
new file mode 100644
index 0000000..5d8193b
--- /dev/null
+++ b/chapter12/10.cc
@@ -0,0 +1,23 @@
+#include <iostream> // NOLINT
+using std::endl;
+using std::cout;
+#include <cstdlib>
+
+int randint(int m, int n) {
+  return m + (rand() / (RAND_MAX / (n - m + 1) + 1));
+}
+
+int Select() {
+  int res;
+  int i = 0;
+  res = object[i];
+  ++i;
+  while (IsEnd(object[i])) {
+      int j = randint(0, i);
+      if (j < 1) {
+        res = object[i];
+      }
+      ++i;
+  }
+  return res;
+}
diff --git a/chapter12/2.cc b/chapter12/2.cc
new file mode 100644
index 0000000..9dd7e28
--- /dev/null
+++ b/chapter12/2.cc
@@ -0,0 +1,28 @@
+#include <iostream> // NOLINT
+using std::endl;
+using std::cout;
+#include <cstdlib>
+
+int randint(int m, int n) {
+  return m + (rand() / (RAND_MAX / (n - m + 1) + 1));
+}
+
+void GenerateM(int m, int n) {
+  int i, t;
+  i = randint(0, n - 1);
+  for(int j = 0; j < m; ++j) {
+    t = i + j;
+    if (t >= n) {
+      t -= n;
+    }
+    cout << t << " " << endl;
+  }
+  cout << endl;
+}
+  
+int main(int argc, char *argv[]) {
+  const int kM = 10;
+  const int kN = 15;
+  GenerateM(kM, kN);
+  return 0;
+}
diff --git a/chapter12/8.cc b/chapter12/8.cc
new file mode 100644
index 0000000..1bba710
--- /dev/null
+++ b/chapter12/8.cc
@@ -0,0 +1,62 @@
+#include <iostream> // NOLINT
+using std::endl;
+using std::cout;
+#include <cstdlib>
+#include <set>
+using std::multiset;
+
+int randint(int m, int n) {
+  return m + (rand() / (RAND_MAX / (n - m + 1) + 1));
+}
+
+int compare(const void *a, const void *b) {
+  return (*static_cast<const int*>(a) - *static_cast<const int*>(b));
+}
+
+void GenShuf(int m, int n) {
+  int *x = new int[n];
+  int i = 0;
+  for (i = 0; i < n; ++i) {
+    x[i] = i;
+  }
+  for (i = 0; i < m; ++i) {
+    int j = randint(i, n - 1);
+    int t = x[j];
+    x[j] = x[i];
+    x[i] = t;
+  }
+
+  for (i = 0; i < m; ++i) {
+    cout << x[i] << " ";
+  }
+  cout << endl;
+  delete x;
+}
+
+void GenSets(int m, int n) {
+  multiset<int> num_set;
+  while (num_set.size() < m) {
+    num_set.insert(rand() % n);
+  }
+  for (multiset<int>::iterator it = num_set.begin(); it != num_set.end();
+       ++it) {
+    cout << *it << " ";
+  }
+  cout << endl;
+}
+
+void GenM(int m, int n) {
+  for (int i = 0; i < m; ++i) {
+    cout << randint(0, n - 1) << " ";
+  }
+  cout << endl;
+}
+
+int main(int argc, char *argv[]) {
+  const int kM = 10;
+  const int kN = 100;
+  GenShuf(kM, kN);
+  GenSets(kM, kN);
+  GenM(kM, kN);
+  return 0;
+}
diff --git a/chapter12/9.cc b/chapter12/9.cc
new file mode 100644
index 0000000..f13d4b9
--- /dev/null
+++ b/chapter12/9.cc
@@ -0,0 +1,34 @@
+#include <iostream> // NOLINT
+using std::endl;
+using std::cout;
+#include <cstdlib>
+#include <set>
+using std::set;
+
+int randint(int m, int n) {
+  return m + (rand() / (RAND_MAX / (n - m + 1) + 1));
+}
+
+void GenSets(int m, int n) {
+  set<int> num_set;
+  int t;
+  for (int i = n - m ; i < n; ++i) {
+    t = randint(0, i);
+    if (num_set.find(t) == num_set.end()) {
+      num_set.insert(t);
+    } else {
+      num_set.insert(i);
+    }
+  }
+  for (set<int>::iterator it = num_set.begin(); it != num_set.end(); ++it) {
+    cout << *it << " ";
+  }
+  cout << endl;
+}
+
+int main(int argc, char *argv[]) {
+  const int kM = 10;
+  const int kN = 100;    
+  GenSets(kM, kN);
+  return 0;
+}
diff --git a/chapter12/bigRandom.cc b/chapter12/bigRandom.cc
new file mode 100644
index 0000000..49e00ce
--- /dev/null
+++ b/chapter12/bigRandom.cc
@@ -0,0 +1,23 @@
+/*
+file name: main.c
+purpose: 
+	习题1
+	C库函数rand()通常返回约15个随机位。使用该函数实现bigrand()和randint(l, u)，
+	要求前者至少返回30个随机位，后者返回[l, u]范围的一个随机数。
+creator: guangwei jiang
+create time: 2012-07-25
+
+modify history:
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <inttypes.h>
+
+// notes: bigrand should at least 64bits
+unsigned long long bigrand(){
+    return RAND_MAX*rand() + rand();
+}
+
+
diff --git a/Chapter12/code12.2.cpp b/chapter12/code12.2.cpp
similarity index 100%
rename from Chapter12/code12.2.cpp
rename to chapter12/code12.2.cpp
diff --git a/chapter12/sorted_rand.cc b/chapter12/sorted_rand.cc
new file mode 100644
index 0000000..6cc67d7
--- /dev/null
+++ b/chapter12/sorted_rand.cc
@@ -0,0 +1,78 @@
+#include <iostream> // NOLINT
+using std::endl;
+using std::cout;
+#include <cstdlib>
+#include <set>
+using std::set;
+
+int randint(int m, int n) {
+  return m + (rand() / (RAND_MAX / (n - m + 1) + 1));
+}
+
+void GenerateSortedRand(int m, int n) {
+  int select = m;
+  int remaining = n;
+  for (int i = 0; i < n && select > 0; ++i) {
+    if (rand() % remaining < select) {
+      cout << i << " ";
+      --select;
+    }
+    --remaining;
+  }
+  cout << endl;
+}
+
+void GenKnuth(int m, int n) {
+  for (int i = 0; i < n && m > 0; ++i) {
+    if (rand() % (n - i) < m) {
+      cout << i << " ";
+      --m;
+    }
+  }
+  cout << endl;
+}
+
+void GenSets(int m, int n) {
+  set<int> num_set;
+  while (num_set.size() < m) {
+    num_set.insert(rand() % n);
+  }
+  for (set<int>::iterator it = num_set.begin(); it != num_set.end(); ++it) {
+    cout << *it << " ";
+  }
+  cout << endl;
+}
+
+int compare(const void *a, const void *b) {
+  return (*static_cast<const int*>(a) - *static_cast<const int*>(b));
+}
+
+void GenShuf(int m, int n) {
+  int *x = new int[n];
+  int i = 0;
+  for (i = 0; i < n; ++i) {
+    x[i] = i;
+  }
+  for (i = 0; i < m; ++i) {
+    int j = randint(i, n - 1);
+    int t = x[j];
+    x[j] = x[i];
+    x[i] = t;
+  }
+  qsort(x, m, sizeof(int), compare);
+  for (i = 0; i < m; ++i) {
+    cout << x[i] << " ";
+  }
+  cout << endl;
+  delete x;
+}
+
+int main(int argc, char *argv[]) {
+  const int kM = 10;
+  const int kN = 100;
+  GenerateSortedRand(kM, kN);
+  GenKnuth(kM, kN);
+  GenSets(kM, kN);
+  GenShuf(kM, kN);
+  return 0;
+}
diff --git a/chapter13/IntSetArray/IntSetArray.cpp b/chapter13/IntSetArray/IntSetArray.cpp
new file mode 100644
index 0000000..2960268
--- /dev/null
+++ b/chapter13/IntSetArray/IntSetArray.cpp
@@ -0,0 +1,99 @@
+/*
+file name: IntSetArray.cpp
+purpose: 
+	利用整数数组，实现顺序插入排序。
+creator: guangwei jiang
+create time: 2012-08-09
+
+modify history:
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <iostream>
+#include <set>
+ 
+using namespace std;
+
+// notes: bigrand should at least 64bits
+unsigned long long bigrand()
+{
+	return RAND_MAX*rand() + rand();
+}
+
+class IntSetArray {	
+private:
+	int n, *x;
+public:
+	IntSetArray (int maxelements, int maxval)
+	{
+		x = new int[1+maxelements];
+		n = 0;
+		x[0] = maxval;
+	}
+	int size() {return n;}
+	void insert (int t)
+	{
+		int i, j;
+
+		for (i = 0; x[i] < t; i++)
+			;
+		if (x[i] == t)
+			  return;
+		for (j = n; j>= i; j--)
+			x[j+1] = x[j];
+		x[i] = t;
+		n++;
+	}
+	void report(int *v)
+	{
+		int i = 0;
+		for (i = 0; i < n; i++)
+			v[i] = x[i];
+	}
+};
+
+/*
+ * parameter: 
+ *		m - the max number of elements
+ *		n - the max value
+ */
+void gensets (int m, int n)
+{
+	int *v = new int[m];
+	IntSetArray S(m, n);
+
+	srand((int)time(0));
+
+	while (S.size() < m)
+		  S.insert(bigrand()%n);
+	
+	S.report(v);
+	for (int i = 0; i < m; i++)
+	{
+		cout << v[i] << "\t";
+		if ((i+1)%10 == 0)
+			cout << "\n";
+	}
+}
+
+int main()
+{
+	clock_t start, finish;
+	double duration;
+	int m, n;
+
+	m = 50000;
+	n = 10000000;
+
+	start = clock();
+	gensets(m, n);
+	finish = clock();
+
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+	cout << "\n" << "m is "<< m << "; n is " << n << "\n";
+	cout << "Cost time: " << duration << " seconds \n";
+
+	return 0;
+}
diff --git a/chapter13/IntSetArray/Makefile b/chapter13/IntSetArray/Makefile
new file mode 100644
index 0000000..9939380
--- /dev/null
+++ b/chapter13/IntSetArray/Makefile
@@ -0,0 +1,7 @@
+# Makefile
+IntSetArray: IntSetArray.o
+	g++ IntSetArray.o -o IntSetArray
+IntSetArray.o: IntSetArray.cpp
+	g++ -c IntSetArray.cpp
+clean:
+	rm -f IntSetArray *.o
diff --git a/chapter13/IntSetArray/readme.txt b/chapter13/IntSetArray/readme.txt
new file mode 100644
index 0000000..276d3f8
--- /dev/null
+++ b/chapter13/IntSetArray/readme.txt
@@ -0,0 +1,33 @@
+P129
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用整数数组实现IntSetArray。
+
+notes:
+m=50000, n=10000000, Cost time: 4.17 seconds 
+m=100000, n=10000000, Cost time: 16.69 seconds 
+
+
+**********
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用c++标准模板中的set容器，来实现IntSetSTL。
+
+notes:
+m=50000, n=10000000, Cost time: 0.14 seconds 
+m=100000, n=10000000, Cost time: 0.28 seconds 
+
+
+**********
+我们将待生成的数据结构称之为InsSet，意指整数集合。
+下面我们将把该接口定义为具有如下公有成员的C++类：
+class IntSetImp {
+public:
+	IntSetImp(int maxelements, int maxval);
+	void insert(int t);
+	int size();
+	void report(int *v);
+}
+
+构造函数IntSetImp将集合初始化为空。该函数有两个参数，分别表示集合元素的最大个数和集合元素的最大值（加1），特定的实现可用忽略其中之一或者两个都忽略；
+insert函数向集合中添加一个新的整数（前提是集合中原先没有这个整数）；
+sizeof函数返回当前的元素个数；
+reprot函数（按顺序）将元素写入到向量v中。
diff --git a/chapter13/IntSetBST/IntSetBST.cpp b/chapter13/IntSetBST/IntSetBST.cpp
new file mode 100644
index 0000000..7e655ce
--- /dev/null
+++ b/chapter13/IntSetBST/IntSetBST.cpp
@@ -0,0 +1,119 @@
+/*
+file name: IntSetBST.cpp
+purpose: 
+	生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+	使用“二分搜索树”实现IntSetBST.
+creator: guangwei jiang
+create time: 2012-08-09
+
+modify history:
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <iostream>
+#include <set>
+ 
+using namespace std;
+
+// notes: bigrand should at least 64bits
+unsigned long long bigrand()
+{
+	return RAND_MAX*rand() + rand();
+}
+
+class IntSetBST {	
+private:
+	int n, *v, vn;
+	struct node{
+		int val;
+		node *left, *right;
+		node(int i){val = i; left = right = 0;}
+	};
+	node *root;
+public:
+	IntSetBST (int maxelements, int maxval)
+	{
+		root = 0;
+		n = 0;
+	}
+	int size() {return n;}
+	node *rinsert(node *p, int t)
+	{
+		if (p == 0)
+		{
+			p = new node(t);
+			n++;
+		}
+		else if (t < p->val)
+			p->left = rinsert(p->left, t);
+		else if (t > p->val)
+			p->right = rinsert(p->right, t);
+		// do nothing if p->val == t
+		return p;
+	}
+	void insert (int t)
+	{
+		root = rinsert(root, t);
+	}
+	void traverse(node *p)
+	{
+		if (p == 0)
+			return;
+		traverse(p->left);
+		v[vn++] = p->val;
+		traverse(p->right);
+	}
+	void report(int *x)
+	{
+		v = x;
+		vn = 0;
+		traverse(root);
+	}
+};
+
+/*
+ * parameter: 
+ *		m - the max number of elements
+ *		n - the max value
+ */
+void gensets (int m, int n)
+{
+	int *v = new int[m];
+	IntSetBST S(m, n);
+
+	srand((int)time(0));
+
+	while (S.size() < m)
+		  S.insert(bigrand()%n);
+	
+	S.report(v);
+	for (int i = 0; i < m; i++)
+	{
+		cout << v[i] << "\t";
+		if ((i+1)%10 == 0)
+			cout << "\n";
+	}
+}
+
+int main()
+{
+	clock_t start, finish;
+	double duration;
+	int m, n;
+
+	m = 500000;
+	n = 10000000;
+
+	start = clock();
+	gensets(m, n);
+	finish = clock();
+
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+	cout << "\n" << "m="<< m << ", n=" << n << ", ";
+	cout << "Cost time: " << duration << " seconds \n";
+	cout << "\n";
+
+	return 0;
+}
diff --git a/chapter13/IntSetBST/Makefile b/chapter13/IntSetBST/Makefile
new file mode 100644
index 0000000..02cb8c0
--- /dev/null
+++ b/chapter13/IntSetBST/Makefile
@@ -0,0 +1,7 @@
+# Makefile
+IntSetBST: IntSetBST.o
+	g++ IntSetBST.o -o IntSetBST
+IntSetBST.o: IntSetBST.cpp
+	g++ -c IntSetBST.cpp
+clean:
+	rm -f IntSetBST *.o
diff --git a/chapter13/IntSetBST/readme.txt b/chapter13/IntSetBST/readme.txt
new file mode 100644
index 0000000..25ec8df
--- /dev/null
+++ b/chapter13/IntSetBST/readme.txt
@@ -0,0 +1,61 @@
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用“二分搜索树”实现IntSetBST.
+
+notes:
+m=50000, n=10000000, Cost time: 0.11 seconds
+m=100000, n=10000000, Cost time: 0.22 seconds 
+
+**********
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用链表实现IntSetListNoRecursion(链表insert"不"使用递归函数).
+
+notes:
+m=50000, n=10000000, Cost time: 10.93 seconds 
+m=100000, n=10000000, Cost time: 59.62 seconds
+
+
+**********
+P130-P131
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用链表实现IntSetList(链表insert使用递归函数).
+
+notes:
+m=50000, n=10000000, Cost time: 22.66 seconds
+m=100000; n=10000000,Cost time: 173.02 seconds 
+
+
+**********
+P129
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用整数数组实现IntSetArray。
+
+notes:
+m=50000, n=10000000, Cost time: 4.17 seconds 
+m=100000, n=10000000, Cost time: 16.69 seconds 
+
+
+**********
+P127-P128
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用c++标准模板中的set容器，来实现IntSetSTL。
+
+notes:
+m=50000, n=10000000, Cost time: 0.14 seconds 
+m=100000, n=10000000, Cost time: 0.28 seconds 
+
+
+**********
+我们将待生成的数据结构称之为InsSet，意指整数集合。
+下面我们将把该接口定义为具有如下公有成员的C++类：
+class IntSetImp {
+public:
+	IntSetImp(int maxelements, int maxval);
+	void insert(int t);
+	int size();
+	void report(int *v);
+}
+
+构造函数IntSetImp将集合初始化为空。该函数有两个参数，分别表示集合元素的最大个数和集合元素的最大值（加1），特定的实现可用忽略其中之一或者两个都忽略；
+insert函数向集合中添加一个新的整数（前提是集合中原先没有这个整数）；
+sizeof函数返回当前的元素个数；
+reprot函数（按顺序）将元素写入到向量v中。
diff --git a/chapter13/IntSetBitVec/IntSetBitVec.cpp b/chapter13/IntSetBitVec/IntSetBitVec.cpp
new file mode 100644
index 0000000..46b9516
--- /dev/null
+++ b/chapter13/IntSetBitVec/IntSetBitVec.cpp
@@ -0,0 +1,103 @@
+/*
+file name: IntSetBitVec.cpp
+purpose: 
+	生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+	使用“二分搜索树”实现IntSetBitVec.
+creator: guangwei jiang
+create time: 2012-08-09
+
+modify history:
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <iostream>
+#include <set>
+ 
+using namespace std;
+
+// notes: bigrand should at least 64bits
+unsigned long long bigrand()
+{
+	return RAND_MAX*rand() + rand();
+}
+
+class IntSetBitVec {	
+private:
+	enum {BITSPERWORD = 32, SHIFT = 5, MASK = 0x1F};
+	int n, hi, *x;
+	void set(int i) {        x[i>>SHIFT] |=  (1<<(i & MASK)); }
+	void clr(int i) {        x[i>>SHIFT] &= ~(1<<(i & MASK)); }
+	int test(int i) { return x[i>>SHIFT] &   (1<<(i & MASK)); }
+public:
+	IntSetBitVec (int maxelements, int maxval)
+	{
+		int i;
+		hi = maxval;
+		x = new int[1 + hi/BITSPERWORD];
+		for (i = 0; i < hi; i++)
+			clr(i);
+		n = 0;
+	}
+	int size() {return n;}
+	void insert (int t)
+	{
+		if (test(t))
+			return;
+		set(t);
+		n++;
+	}
+	void report(int *v)
+	{
+		int i = 0, j = 0;
+		for (i = 0; i < hi; i++)
+			if (test(i))
+				v[j++] = i;
+	}
+};
+
+/*
+ * parameter: 
+ *		m - the max number of elements
+ *		n - the max value
+ */
+void gensets (int m, int n)
+{
+	int *v = new int[m];
+	IntSetBitVec S(m, n);
+
+	srand((int)time(0));
+
+	while (S.size() < m)
+		  S.insert(bigrand()%n);
+	
+	S.report(v);
+	for (int i = 0; i < m; i++)
+	{
+		cout << v[i] << "\t";
+		if ((i+1)%10 == 0)
+			cout << "\n";
+	}
+}
+
+int main()
+{
+	clock_t start, finish;
+	double duration;
+	int m, n;
+
+	m = 1000000;
+	n = 10000000;
+
+	start = clock();
+	gensets(m, n);
+	finish = clock();
+
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+	cout << "\n" << "m="<< m << ", n=" << n << ", ";
+	cout << "Cost time: " << duration << " seconds \n";
+	cout << "\n";
+
+	return 0;
+}
diff --git a/chapter13/IntSetBitVec/Makefile b/chapter13/IntSetBitVec/Makefile
new file mode 100644
index 0000000..40ab86d
--- /dev/null
+++ b/chapter13/IntSetBitVec/Makefile
@@ -0,0 +1,7 @@
+# Makefile
+IntSetBitVec: IntSetBitVec.o
+	g++ IntSetBitVec.o -o IntSetBitVec
+IntSetBitVec.o: IntSetBitVec.cpp
+	g++ -c IntSetBitVec.cpp
+clean:
+	rm -f IntSetBitVec *.o
diff --git a/chapter13/IntSetBitVec/readme.txt b/chapter13/IntSetBitVec/readme.txt
new file mode 100644
index 0000000..ea92148
--- /dev/null
+++ b/chapter13/IntSetBitVec/readme.txt
@@ -0,0 +1,71 @@
+P134
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用“位向量”（第一章介绍过）实现“IntSetBitVec”。
+
+notes:
+m=500000, n=10000000, Cost time: 0.91 seconds
+m=1000000, n=10000000, Cost time: 1.69 seconds 
+
+
+**********
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用“二分搜索树”实现IntSetBST.
+
+notes:
+m=50000, n=10000000, Cost time: 0.11 seconds
+m=100000, n=10000000, Cost time: 0.22 seconds 
+
+**********
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用链表实现IntSetListNoRecursion(链表insert"不"使用递归函数).
+
+notes:
+m=50000, n=10000000, Cost time: 10.93 seconds 
+m=100000, n=10000000, Cost time: 59.62 seconds
+
+
+**********
+P130-P131
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用链表实现IntSetList(链表insert使用递归函数).
+
+notes:
+m=50000, n=10000000, Cost time: 22.66 seconds
+m=100000; n=10000000,Cost time: 173.02 seconds 
+
+
+**********
+P129
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用整数数组实现IntSetArray。
+
+notes:
+m=50000, n=10000000, Cost time: 4.17 seconds 
+m=100000, n=10000000, Cost time: 16.69 seconds 
+
+
+**********
+P127-P128
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用c++标准模板中的set容器，来实现IntSetSTL。
+
+notes:
+m=50000, n=10000000, Cost time: 0.14 seconds 
+m=100000, n=10000000, Cost time: 0.28 seconds 
+
+
+**********
+我们将待生成的数据结构称之为InsSet，意指整数集合。
+下面我们将把该接口定义为具有如下公有成员的C++类：
+class IntSetImp {
+public:
+	IntSetImp(int maxelements, int maxval);
+	void insert(int t);
+	int size();
+	void report(int *v);
+}
+
+构造函数IntSetImp将集合初始化为空。该函数有两个参数，分别表示集合元素的最大个数和集合元素的最大值（加1），特定的实现可用忽略其中之一或者两个都忽略；
+insert函数向集合中添加一个新的整数（前提是集合中原先没有这个整数）；
+sizeof函数返回当前的元素个数；
+reprot函数（按顺序）将元素写入到向量v中。
diff --git a/chapter13/IntSetList/IntSetList.cpp b/chapter13/IntSetList/IntSetList.cpp
new file mode 100644
index 0000000..de92fc8
--- /dev/null
+++ b/chapter13/IntSetList/IntSetList.cpp
@@ -0,0 +1,108 @@
+/*
+file name: IntSetList.cpp
+purpose: 
+	利用链表，实现顺序插入排序(链表insert使用递归函数)。
+creator: guangwei jiang
+create time: 2012-08-09
+
+modify history:
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <iostream>
+#include <set>
+ 
+using namespace std;
+
+// notes: bigrand should at least 64bits
+unsigned long long bigrand()
+{
+	return RAND_MAX*rand() + rand();
+}
+
+class IntSetList {	
+private:
+	int n;
+	struct node{
+		int val;
+		node *next;
+		node(int v, node *p){val = v; next = p;}
+	};
+	node *head, *sentinel;
+public:
+	IntSetList (int maxelements, int maxval)
+	{
+		sentinel = head = new node(maxval, 0);
+		n = 0;
+	}
+	int size() {return n;}
+	node *rinsert(node *p, int t)
+	{
+		if (p->val < t)
+			p->next = rinsert(p->next, t);
+		else if (p->val >t)
+		{
+			p = new node(t, p);
+			n++;
+		}
+		return p;
+	}
+	void insert (int t)
+	{
+		head = rinsert(head, t);
+	}
+	void report(int *v)
+	{
+		int i = 0;
+		node *p;
+
+		for (p = head; p != sentinel; p = p->next)
+			v[i++] = p->val;
+	}
+};
+
+/*
+ * parameter: 
+ *		m - the max number of elements
+ *		n - the max value
+ */
+void gensets (int m, int n)
+{
+	int *v = new int[m];
+	IntSetList S(m, n);
+
+	srand((int)time(0));
+
+	while (S.size() < m)
+		  S.insert(bigrand()%n);
+	
+	S.report(v);
+	for (int i = 0; i < m; i++)
+	{
+		cout << v[i] << "\t";
+		if ((i+1)%10 == 0)
+			cout << "\n";
+	}
+}
+
+int main()
+{
+	clock_t start, finish;
+	double duration;
+	int m, n;
+
+	m = 50000;
+	n = 10000000;
+
+	start = clock();
+	gensets(m, n);
+	finish = clock();
+
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+	cout << "\n" << "m is "<< m << "; n is " << n << "\n";
+	cout << "Cost time: " << duration << " seconds \n";
+
+	return 0;
+}
diff --git a/chapter13/IntSetList/Makefile b/chapter13/IntSetList/Makefile
new file mode 100644
index 0000000..e1279c7
--- /dev/null
+++ b/chapter13/IntSetList/Makefile
@@ -0,0 +1,7 @@
+# Makefile
+IntSetList: IntSetList.o
+	g++ IntSetList.o -o IntSetList
+IntSetList.o: IntSetList.cpp
+	g++ -c IntSetList.cpp
+clean:
+	rm -f IntSetList *.o
diff --git a/chapter13/IntSetList/readme.txt b/chapter13/IntSetList/readme.txt
new file mode 100644
index 0000000..3414f65
--- /dev/null
+++ b/chapter13/IntSetList/readme.txt
@@ -0,0 +1,44 @@
+P130-P131
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用链表实现IntSetList(链表insert使用递归函数).
+
+notes:
+m=50000, n=10000000, Cost time: 22.66 seconds
+m=100000; n=10000000,Cost time: 173.02 seconds 
+
+
+**********
+P129
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用整数数组实现IntSetArray。
+
+notes:
+m=50000, n=10000000, Cost time: 4.17 seconds 
+m=100000, n=10000000, Cost time: 16.69 seconds 
+
+
+**********
+P127-P128
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用c++标准模板中的set容器，来实现IntSetSTL。
+
+notes:
+m=50000, n=10000000, Cost time: 0.14 seconds 
+m=100000, n=10000000, Cost time: 0.28 seconds 
+
+
+**********
+我们将待生成的数据结构称之为InsSet，意指整数集合。
+下面我们将把该接口定义为具有如下公有成员的C++类：
+class IntSetImp {
+public:
+	IntSetImp(int maxelements, int maxval);
+	void insert(int t);
+	int size();
+	void report(int *v);
+}
+
+构造函数IntSetImp将集合初始化为空。该函数有两个参数，分别表示集合元素的最大个数和集合元素的最大值（加1），特定的实现可用忽略其中之一或者两个都忽略；
+insert函数向集合中添加一个新的整数（前提是集合中原先没有这个整数）；
+sizeof函数返回当前的元素个数；
+reprot函数（按顺序）将元素写入到向量v中。
diff --git a/chapter13/IntSetListNoRecursion/IntSetListNoRecursion.cpp b/chapter13/IntSetListNoRecursion/IntSetListNoRecursion.cpp
new file mode 100644
index 0000000..a129db8
--- /dev/null
+++ b/chapter13/IntSetListNoRecursion/IntSetListNoRecursion.cpp
@@ -0,0 +1,121 @@
+/*
+file name: IntSetListNoRecursion.cpp
+purpose: 
+	利用链表，实现顺序插入排序(链表insert"不"使用递归函数)。
+creator: guangwei jiang
+create time: 2012-08-09
+
+modify history:
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <iostream>
+#include <set>
+ 
+using namespace std;
+
+// notes: bigrand should at least 64bits
+unsigned long long bigrand()
+{
+	return RAND_MAX*rand() + rand();
+}
+
+class IntSetListNoRecursion {	
+private:
+	int n;
+	struct node{
+		int val;
+		node *next;
+		node(int v, node *p){val = v; next = p;}
+	};
+	node *head, *sentinel;
+public:
+	IntSetListNoRecursion (int maxelements, int maxval)
+	{
+		sentinel = head = new node(maxval, 0);
+		n = 0;
+	}
+	int size() {return n;}
+	node *insert(node *p, int t)
+	{
+		node * p_head;
+
+		p_head = p;
+
+		if (p->val > t)
+		{
+			// case 1: the "t" is min value, so insert head
+			p_head = new node(t, p);
+			n++;
+		}
+		else if (p->val < t)
+		{
+			// case 2: the "t" is not min value, and insert in the middle of the list
+			for (; p->next->val < t; p = p->next)
+				;
+			p->next = new node(t, p->next);
+			n++;
+		}
+		
+		return p_head;
+	}
+	void insert (int t)
+	{
+		head = insert(head, t);
+	}
+	void report(int *v)
+	{
+		int i = 0;
+		node *p;
+
+		for (p = head; p != sentinel; p = p->next)
+			v[i++] = p->val;
+	}
+};
+
+/*
+ * parameter: 
+ *		m - the max number of elements
+ *		n - the max value
+ */
+void gensets (int m, int n)
+{
+	int *v = new int[m];
+	IntSetListNoRecursion S(m, n);
+
+	srand((int)time(0));
+
+	while (S.size() < m)
+		  S.insert(bigrand()%n);
+	
+	S.report(v);
+	for (int i = 0; i < m; i++)
+	{
+		cout << v[i] << "\t";
+		if ((i+1)%10 == 0)
+			cout << "\n";
+	}
+}
+
+int main()
+{
+	clock_t start, finish;
+	double duration;
+	int m, n;
+
+	m = 100000;
+	n = 10000000;
+
+	start = clock();
+	gensets(m, n);
+	finish = clock();
+
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+	cout << "\n" << "m="<< m << ", n=" << n << ", ";
+	cout << "Cost time: " << duration << " seconds \n";
+	cout << "\n";
+
+	return 0;
+}
diff --git a/chapter13/IntSetListNoRecursion/Makefile b/chapter13/IntSetListNoRecursion/Makefile
new file mode 100644
index 0000000..d39a1b2
--- /dev/null
+++ b/chapter13/IntSetListNoRecursion/Makefile
@@ -0,0 +1,7 @@
+# Makefile
+IntSetListNoRecursion: IntSetListNoRecursion.o
+	g++ IntSetListNoRecursion.o -o IntSetListNoRecursion
+IntSetListNoRecursion.o: IntSetListNoRecursion.cpp
+	g++ -c IntSetListNoRecursion.cpp
+clean:
+	rm -f IntSetListNoRecursion *.o
diff --git a/chapter13/IntSetListNoRecursion/readme.txt b/chapter13/IntSetListNoRecursion/readme.txt
new file mode 100644
index 0000000..b8878d9
--- /dev/null
+++ b/chapter13/IntSetListNoRecursion/readme.txt
@@ -0,0 +1,53 @@
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用链表实现IntSetListNoRecursion(链表insert"不"使用递归函数).
+
+notes:
+m=50000, n=10000000, Cost time: 10.93 seconds 
+m=100000, n=10000000, Cost time: 59.62 seconds
+
+
+**********
+P130-P131
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用链表实现IntSetList(链表insert使用递归函数).
+
+notes:
+m=50000, n=10000000, Cost time: 22.66 seconds
+m=100000; n=10000000,Cost time: 173.02 seconds 
+
+
+**********
+P129
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用整数数组实现IntSetArray。
+
+notes:
+m=50000, n=10000000, Cost time: 4.17 seconds 
+m=100000, n=10000000, Cost time: 16.69 seconds 
+
+
+**********
+P127-P128
+生成[0, maxval]范围内m个随机整数的有序序列，不允许重复。
+使用c++标准模板中的set容器，来实现IntSetSTL。
+
+notes:
+m=50000, n=10000000, Cost time: 0.14 seconds 
+m=100000, n=10000000, Cost time: 0.28 seconds 
+
+
+**********
+我们将待生成的数据结构称之为InsSet，意指整数集合。
+下面我们将把该接口定义为具有如下公有成员的C++类：
+class IntSetImp {
+public:
+	IntSetImp(int maxelements, int maxval);
+	void insert(int t);
+	int size();
+	void report(int *v);
+}
+
+构造函数IntSetImp将集合初始化为空。该函数有两个参数，分别表示集合元素的最大个数和集合元素的最大值（加1），特定的实现可用忽略其中之一或者两个都忽略；
+insert函数向集合中添加一个新的整数（前提是集合中原先没有这个整数）；
+sizeof函数返回当前的元素个数；
+reprot函数（按顺序）将元素写入到向量v中。
diff --git a/chapter15/11.txt b/chapter15/11.txt
new file mode 100644
index 0000000..21ae622
--- /dev/null
+++ b/chapter15/11.txt
@@ -0,0 +1,79 @@
+The Project Gutenberg EBook of The Adventures of Sherlock Holmes
+by Sir Arthur Conan Doyle
+(#15 in our series by Sir Arthur Conan Doyle)
+
+Copyright laws are changing all over the world. Be sure to check the
+copyright laws for your country before downloading or redistributing
+this or any other Project Gutenberg eBook.
+
+This header should be the first thing seen when viewing this Project
+Gutenberg file.  Please do not remove it.  Do not change or edit the
+header without written permission.
+
+Please read the "legal small print," and other information about the
+eBook and Project Gutenberg at the bottom of this file.  Included is
+important information about your specific rights and restrictions in
+how the file may be used.  You can also find out about how to make a
+donation to Project Gutenberg, and how to get involved.
+
+
+**Welcome To The World of Free Plain Vanilla Electronic Texts**
+
+**eBooks Readable By Both Humans and By Computers, Since 1971**
+
+*****These eBooks Were Prepared By Thousands of Volunteers!*****
+
+
+Title: The Adventures of Sherlock Holmes
+
+Author: Sir Arthur Conan Doyle
+
+Release Date: March, 1999  [EBook #1661]
+[Most recently updated: November 29, 2002]
+
+Edition: 12
+
+Language: English
+
+Character set encoding: ASCII
+
+*** START OF THE PROJECT GUTENBERG EBOOK, THE ADVENTURES OF SHERLOCK HOLMES ***
+
+
+
+
+(Additional editing by Jose Menendez)
+
+
+
+THE ADVENTURES OF
+SHERLOCK HOLMES
+
+BY
+
+SIR ARTHUR CONAN DOYLE
+
+CONTENTS
+
+I.	A Scandal in Bohemia
+II.	The Red-Headed League
+III.	A Case of Identity
+IV.	The Boscombe Valley Mystery
+V.	The Five Orange Pips
+VI.	The Man with the Twisted Lip
+VII.	The Adventure of the Blue Carbuncle
+VIII.	The Adventure of the Speckled Band
+IX.	The Adventure of the Engineer's Thumb
+X.	The Adventure of the Noble Bachelor
+XI.	The Adventure of the Beryl Coronet
+XII.	The Adventure of the Copper Beeches
+
+
+ADVENTURE  I.  A SCANDAL IN BOHEMIA
+
+I.
+
+
+To Sherlock Holmes she is always the woman. I have seldom heard him mention her under any other name. In his eyes she eclipses and predominates the whole of her sex. It was not that he felt any emotion akin to love for Irene Adler. All emotions, and that one particularly, were abhorrent to his cold, precise but admirably balanced mind. He was, I take it, the most perfect reasoning and observing machine that the world has seen, but as a lover he would have placed himself in a false position. He never spoke of the softer passions, save with a gibe and a sneer. They were admirable things for the observer--excellent for drawing the veil from men's motives and actions. But for the trained reasoner to admit such intrusions into his own delicate and finely adjusted temperament was to introduce a distracting factor which might throw a doubt upon all his mental results. Grit in a sensitive instrument, or a crack in one of his own high-power lenses, would not be more disturbing than a strong emotion in a nature such as his. And yet there was but one woman to him, and that woman was the late Irene Adler, of dubious and questionable memory.
+
+I had seen little of Holmes lately. My marriage had drifted us away from each other. My own complete happiness, and the home-centred interests which rise up around the man who first finds himself master of his own establishment, were sufficient to absorb all my attention, while Holmes, who loathed every form of society with his whole Bohemian soul, remained in our lodgings in Baker Street, buried among his old books, and alternating from week to week between cocaine and ambition, the drowsiness of the drug, and the fierce energy of his own keen nature. He was still, as ever, deeply attracted by the study of crime, and occupied his immense faculties and extraordinary powers of observation in following out those clues, and clearing up those mysteries which had been abandoned as hopeless by the official police. From time to time I heard some vague account of his doings: of his summons to Odessa in the case of the Trepoff murder, of his clearing up of the singular tragedy of the Atkinson brothers at Trincomalee, and finally of the mission which he had accomplished so delicately and successfully for the reigning family of Holland. Beyond these signs of his activity, however, which I merely shared with all the readers of the daily press, I knew little of my former friend and companion.
diff --git a/chapter15/9.cc b/chapter15/9.cc
new file mode 100644
index 0000000..1de8606
--- /dev/null
+++ b/chapter15/9.cc
@@ -0,0 +1,67 @@
+#include <string>
+#include <vector>
+#include <iostream>
+#include <iterator>
+#include <algorithm>
+using namespace std;
+int ComLen(char *p, char *q) {
+  int i = 0;
+  while (*p && (*p == *q)) {
+    ++i;
+    ++p;
+    ++q;
+  }
+  return i;
+}
+
+vector<string> LongestCommonString(const string &s, const string &t) {
+    vector<vector<int> > array;
+  int len_s = s.size();
+  int len_t = t.size();
+  int i, j;
+  array.resize(len_s);
+  for (i = 0; i < len_s; ++i) {
+    array[i].resize(len_t);
+  }
+  int max_len = 0;
+  vector<int> end_indexs;
+  for (i = 0; i < len_s; ++i) {
+    for (j = 0; j < len_t; ++j) {
+      if (s[i] == t[j]) {
+        if (i == 0 || j == 0) {
+          array[i][j] = 1;
+        } else {
+          array[i][j] = array[i-1][j-1] + 1;
+        }
+        if (array[i][j] == max_len) {
+          end_indexs.push_back(i);
+        } else if (array[i][j] > max_len) {
+          max_len = array[i][j];
+          end_indexs.clear();
+          end_indexs.push_back(i);
+        }
+      }
+    }
+  }
+  vector<string> res;
+  for (vector<int>::iterator it = end_indexs.begin(); it != end_indexs.end();
+       ++it) {
+    res.push_back(s.substr(*it - max_len + 1, max_len));
+  }
+  return res;
+}
+                  
+        
+int main(int argc, char *argv[]) {
+  string s = "baaacd";
+  string t = "aaarrrp[ewqr";
+  vector<string> res;
+  res = LongestCommonString(s, t);
+  copy(res.begin(), res.end(), ostream_iterator<string>(cout, " "));
+  cout << endl;
+  s = "abcdwwwwhell";
+  t = "hellqqqqabcd";
+  res = LongestCommonString(s, t);
+  copy(res.begin(), res.end(), ostream_iterator<string>(cout, " "));
+  return 0;
+}
diff --git a/chapter15/ch15_strings/map_string/Makefile b/chapter15/ch15_strings/map_string/Makefile
new file mode 100644
index 0000000..01454fb
--- /dev/null
+++ b/chapter15/ch15_strings/map_string/Makefile
@@ -0,0 +1,7 @@
+# Makefile
+map_string: map_string.o
+	g++ map_string.o -o map_string
+map_string.o: map_string.cpp
+	g++ -c map_string.cpp
+clean:
+	rm -f map_string *.o
diff --git a/chapter15/ch15_strings/map_string/map_string.cpp b/chapter15/ch15_strings/map_string/map_string.cpp
new file mode 100644
index 0000000..841b8b4
--- /dev/null
+++ b/chapter15/ch15_strings/map_string/map_string.cpp
@@ -0,0 +1,43 @@
+/*
+file name: map_string.cpp
+purpose: 
+	使用标准库中的map将整个计数与每个字符串联系起来。
+creator: guangwei jiang
+create time: 2012-09-12
+
+modify history:
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <iostream>
+#include <set>
+#include <map>
+ 
+using namespace std;
+
+int main()
+{
+	map <string, int> M;
+	map <string, int>::iterator j;
+	string t;
+	clock_t start, finish;
+	double duration;
+	
+	start = clock();
+	
+	// notes: press "CTRL+D" in Linux to exit "cin";
+	// press "CTRL+Z" in Windows to exit "cin";
+	while (cin >> t)
+		M[t]++;
+	for (j = M.begin(); j != M.end(); ++j)
+		cout << j->first << " " << j->second << "\n";
+	
+	finish = clock();
+
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+	cout << "Cost time: " << duration << " seconds \n";
+
+	return 0;
+}
diff --git a/chapter15/ch15_strings/map_string/readme.txt b/chapter15/ch15_strings/map_string/readme.txt
new file mode 100644
index 0000000..700da96
--- /dev/null
+++ b/chapter15/ch15_strings/map_string/readme.txt
@@ -0,0 +1,2 @@
+ch15.1, P154
+使用标准库中的map将整个计数与每个字符串联系起来。
diff --git a/chapter15/ch15_strings/map_string_franklin/Makefile b/chapter15/ch15_strings/map_string_franklin/Makefile
new file mode 100644
index 0000000..01454fb
--- /dev/null
+++ b/chapter15/ch15_strings/map_string_franklin/Makefile
@@ -0,0 +1,7 @@
+# Makefile
+map_string: map_string.o
+	g++ map_string.o -o map_string
+map_string.o: map_string.cpp
+	g++ -c map_string.cpp
+clean:
+	rm -f map_string *.o
diff --git a/chapter15/ch15_strings/map_string_franklin/TheAutobiographyOfBenjaminFranklin.txt b/chapter15/ch15_strings/map_string_franklin/TheAutobiographyOfBenjaminFranklin.txt
new file mode 100644
index 0000000..6df4f8a
--- /dev/null
+++ b/chapter15/ch15_strings/map_string_franklin/TheAutobiographyOfBenjaminFranklin.txt
@@ -0,0 +1,6866 @@
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+THE 
+AUTOBIOGRAPHY OF 
+BENJAMIN FRANKLIN 
+
+
+WITH INTRODUCTION AND NOTES EDITED 
+BY CHARLES W ELIOT LLD P F COLLIER & SON 
+COMPANY, NEW YORK (1909) 
+
+1 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+INTRODUCTORY NOTE 
+
+BENJAMIN FRANKLIN was born in Milk Street, Boston, on 
+January 6, 1706. His father, Josiah Franklin, was a tallow chandler who 
+married twice, and of his seventeen children Benjamin was the youngest 
+son. His schooling ended at ten, and at twelve he was bound apprentice to 
+his brother James, a printer, who published the "New England Courant." 
+To this journal he became a contributor, and later was for a time its 
+nominal editor. But the brothers quarreled, and Benjamin ran away, going 
+first to New York, and thence to Philadelphia, where he arrived in October, 
+1723. He soon obtained work as a printer, but after a few months he was 
+induced by Governor Keith to go to London, where, finding Keith's 
+promises empty, he again worked as a compositor till he was brought back 
+to Philadelphia by a merchant named Denman, who gave him a position in 
+his business. On Denman's death he returned to his former trade, and 
+shortly set up a printing house of his own from which he published "The 
+Pennsylvania Gazette," to which he contributed many essays, and which 
+he made a medium for agitating a variety of local reforms. In 1732 he 
+began to issue his famous "Poor Richard's Almanac" for the enrichment of 
+which he borrowed or composed those pithy utterances of worldly wisdom 
+which are the basis of a large part of his popular reputation. In 1758, the 
+year in which he ceases writing for the Almanac, he printed in it "Father 
+Abraham's Sermon," now regarded as the most famous piece of literature 
+produced in Colonial America. 
+
+Meantime Franklin was concerning himself more and more with 
+public affairs. He set forth a scheme for an Academy, which was taken up 
+later and finally developed into the University of Pennsylvania; and he 
+founded an "American Philosophical Society" for the purpose of enabling 
+scientific men to communicate their discoveries to one another. He himself 
+had already begun his electrical researches, which, with other scientific 
+inquiries, he called on in the intervals of money-making and politics to the 
+end of his life. In 1748 he sold his business in order to get leisure for study, 
+having now acquired comparative wealth; and in a few years he had made 
+discoveries that gave him a reputation with the learned throughout Europe. 
+
+2 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+In politics he proved very able both as an administrator and as a 
+controversialist; but his record as an office-holder is stained by the use he 
+made of his position to advance his relatives. His most notable service in 
+home politics was his reform of the postal system; but his fame as a 
+statesman rests chiefly on his services in connection with the relations of 
+the Colonies with Great Britain, and later with France. In 1757 he was sent 
+to England to protest against the influence of the Penns in the government 
+of the colony, and for five years he remained there, striving to enlighten 
+the people and the ministry of England as to Colonial conditions. On his 
+return to America he played an honorable part in the Paxton affair, through 
+which he lost his seat in the Assembly; but in 1764 he was again 
+despatched to England as agent for the colony, this time to petition the 
+King to resume the government from the hands of the proprietors. In 
+London he actively opposed the proposed Stamp Act, but lost the credit 
+for this and much of his popularity through his securing for a friend the 
+office of stamp agent in America. Even his effective work in helping to 
+obtain the repeal of the act left him still a suspect; but he continued his 
+efforts to present the case for the Colonies as the troubles thickened 
+toward the crisis of the Revolution. In 1767 he crossed to France, where 
+he was received with honor; but before his return home in 1775 he lost his 
+position as postmaster through his share in divulging to Massachusetts the 
+famous letter of Hutchinson and Oliver. On his arrival in Philadelphia he 
+was chosen a member of the Continental Congress and in 1777 he was 
+despatched to France as commissioner for the United States. Here he 
+remained till 1785, the favorite of French society; and with such success 
+did he conduct the affairs of his country that when he finally returned he 
+received a place only second to that of Washington as the champion of 
+American independence. He died on April 17, 1790. 
+
+The first five chapters of the Autobiography were composed in 
+England in 1771, continued in 1784-5, and again in 1788, at which date he 
+brought it down to 1757. After a most extraordinary series of adventures, 
+the original form of the manuscript was finally printed by Mr. John 
+Bigelow, and is here reproduced in recognition of its value as a picture of 
+one of the most notable personalities of Colonial times, and of its 
+
+3 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+acknowledged rank as one of the great autobiographies of the world. 
+
+
+4 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+BENJAMIN FRANKLIN HIS 
+AUTOBIOGRAPHY 1706-1757 
+
+
+TWYFORD, at the Bishop of St. Asaph's,<0> 1771. 
+
+<0> The country-seat of Bishop Shipley, the good bishop, as Dr. 
+Franklin used to style him.--B. 
+DEAR SON: I have ever had pleasure in obtaining any little anecdotes 
+of my ancestors. You may remember the inquiries I made among the 
+remains of my relations when you were with me in England, and the 
+journey I undertook for that purpose. Imagining it may be equally 
+agreeable to<1> you to know the circumstances of my life, many of which 
+you are yet unacquainted with, and expecting the enjoyment of a week's 
+uninterrupted leisure in my present country retirement, I sit down to write 
+them for you. To which I have besides some other inducements. Having 
+emerged from the poverty and obscurity in which I was born and bred, to a 
+state of affluence and some degree of reputation in the world, and having 
+gone so far through life with a considerable share of felicity, the 
+conducing means I made use of, which with the blessing of God so well 
+succeeded, my posterity may like to know, as they may find some of them 
+suitable to their own situations, and therefore fit to be imitated. 
+
+<1> After the words "agreeable to" the words "some of" were 
+interlined and afterward effaced.--B. 
+That felicity, when I reflected on it, has induced me sometimes to say, 
+that were it offered to my choice, I should have no objection to a repetition 
+of the same life from its beginning, only asking the advantages authors 
+have in a second edition to correct some faults of the first. So I might, 
+besides correcting the faults, change some sinister accidents and events of 
+it for others more favorable. But though this were denied, I should still 
+accept the offer. Since such a repetition is not to be expected, the next 
+thing most like living one's life over again seems to be a recollection of 
+that life, and to make that recollection as durable as possible by putting it 
+down in writing. 
+
+Hereby, too, I shall indulge the inclination so natural in old men, to be 
+
+5 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+talking of themselves and their own past actions; and I shall indulge it 
+without being tiresome to others, who, through respect to age, might 
+conceive themselves obliged to give me a hearing, since this may be read 
+or not as any one pleases. And, lastly (I may as well confess it, since my 
+denial of it will be believed by nobody), perhaps I shall a good deal gratify 
+my own vanity. Indeed, I scarce ever heard or saw the introductory words, 
+"Without vanity I may say," &c., but some vain thing immediately 
+followed. Most people dislike vanity in others, whatever share they have 
+of it themselves; but I give it fair quarter wherever I meet with it, being 
+persuaded that it is often productive of good to the possessor, and to others 
+that are within his sphere of action; and therefore, in many cases, it would 
+not be altogether absurd if a man were to thank God for his vanity among 
+the other comforts of life. 
+
+And now I speak of thanking God, I desire with all humility to 
+acknowledge that I owe the mentioned happiness of my past life to His 
+kind providence, which lead me to the means I used and gave them 
+success. My belief of this induces me to hope, though I must not presume, 
+that the same goodness will still be exercised toward me, in continuing 
+that happiness, or enabling me to bear a fatal reverse, which I may 
+experience as others have done: the complexion of my future fortune 
+being known to Him only in whose power it is to bless to us even our 
+afflictions. 
+
+The notes one of my uncles (who had the same kind of curiosity in 
+collecting family anecdotes) once put into my hands, furnished me with 
+several particulars relating to our ancestors. From these notes I learned 
+that the family had lived in the same village, Ecton, in Northamptonshire, 
+for three hundred years, and how much longer he knew not (perhaps from 
+the time when the name of Franklin, that before was the name of an order 
+of people, was assumed by them as a surname when others took surnames 
+all over the kingdom), on a freehold of about thirty acres, aided by the 
+smith's business, which had continued in the family till his time, the eldest 
+son being always bred to that business; a custom which he and my father 
+followed as to their eldest sons. When I searched the registers at Ecton, I 
+found an account of their births, marriages and burials from the year 1555 
+
+6 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+only, there being no registers kept in that parish at any time preceding. By 
+that register I perceived that I was the youngest son of the youngest son 
+for five generations back. My grandfather Thomas, who was born in 1598, 
+lived at Ecton till he grew too old to follow business longer, when he went 
+to live with his son John, a dyer at Banbury, in Oxfordshire, with whom 
+my father served an apprenticeship. There my grandfather died and lies 
+buried. We saw his gravestone in 1758. His eldest son Thomas lived in the 
+house at Ecton, and left it with the land to his only child, a daughter, who, 
+with her husband, one Fisher, of Wellingborough, sold it to Mr. Isted, now 
+lord of the manor there. My grandfather had four sons that grew up, viz.: 
+Thomas, John, Benjamin and Josiah. I will give you what account I can of 
+them, at this distance from my papers, and if these are not lost in my 
+absence, you will among them find many more particulars. 
+
+Thomas was bred a smith under his father; but, being ingenious, and 
+encouraged in learning (as all my brothers were) by an Esquire Palmer, 
+then the principal gentleman in that parish, he qualified himself for the 
+business of scrivener; became a considerable man in the county; was a 
+chief mover of all public-spirited undertakings for the county or town of 
+Northampton, and his own village, of which many instances were related 
+of him; and much taken notice of and patronized by the then Lord Halifax. 
+He died in 17O2, January 6, old style, just four years to a day before I was 
+born. The account we received of his life and character from some old 
+people at Ecton, I remember, struck you as something extraordinary, from 
+its similarity to what you knew of mine. 
+
+"Had he died on the same day," you said, "one might have supposed a 
+transmigration." 
+
+John was bred a dyer, I believe of woolens. Benjamin was bred a silk 
+dyer, serving an apprenticeship at London. He was an ingenious man. I 
+remember him well, for when I was a boy he came over to my father in 
+Boston, and lived in the house with us some years. He lived to a great age. 
+His grandson, Samuel Franklin, now lives in Boston. He left behind him 
+two quarto volumes, MS., of his own poetry, consisting of little occasional 
+pieces addressed to his friends and relations, of which the following, sent 
+to me, is a specimen.<2> He had formed a short-hand of his own, which 
+
+7 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+he taught me, but, never practising it, I have now forgot it. I was named 
+after this uncle, there being a particular affection between him and my 
+father. He was very pious, a great attender of sermons of the best 
+preachers, which he took down in his short-hand, and had with him many 
+volumes of them. He was also much of a politician; too much, perhaps, for 
+his station. There fell lately into my hands, in London, a collection he had 
+made of all the principal pamphlets, relating to public affairs, from 1641 to 
+1717; many of the volumes are wanting as appears by the numbering, but 
+there still remain eight volumes in folio, and twenty-four in quarto and in 
+octavo. A dealer in old books met with them, and knowing me by my 
+sometimes buying of him, he brought them to me. It seems my uncle must 
+have left them here, when he went to America, which was about fifty years 
+since. There are many of his notes in the margins. 
+
+<2> Here follow in the margin the words, in brackets, "here insert it," 
+but the poetry is not given. Mr. Sparks informs us (Life of Franklin, p. 6) 
+that these volumes had been preserved, and were in possession of Mrs. 
+Emmons, of Boston, great-granddaughter of their author. 
+This obscure family of ours was early in the Reformation, and 
+continued Protestants through the reign of Queen Mary, when they were 
+sometimes in danger of trouble on account of their zeal against popery. 
+They had got an English Bible, and to conceal and secure it, it was 
+fastened open with tapes under and within the cover of a joint-stool. When 
+my great-great-grandfather read it to his family, he turned up the joint-
+stool upon his knees, turning over the leaves then under the tapes. One of 
+the children stood at the door to give notice if he saw the apparitor coming, 
+who was an officer of the spiritual court. In that case the stool was turned 
+down again upon its feet, when the Bible remained concealed under it as 
+before. This anecdote I had from my uncle Benjamin. The family 
+continued all of the Church of England till about the end of Charles the 
+Second's reign, when some of the ministers that had been outed for 
+nonconformity holding conventicles in Northamptonshire, Benjamin and 
+Josiah adhered to them, and so continued all their lives: the rest of the 
+family remained with the Episcopal Church. 
+
+Josiah, my father, married young, and carried his wife with three 
+
+8 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+children into New England, about 1682. The conventicles having been 
+forbidden by law, and frequently disturbed, induced some considerable 
+men of his acquaintance to remove to that country, and he was prevailed 
+with to accompany them thither, where they expected to enjoy their mode 
+of religion with freedom. By the same wife he had four children more born 
+there, and by a second wife ten more, in all seventeen; of which I 
+remember thirteen sitting at one time at his table, who all grew up to be 
+men and women, and married; I was the youngest son, and the youngest 
+child but two, and was born in Boston, New England. My mother, the 
+second wife, was Abiah Folger, daughter of Peter Folger, one of the first 
+settlers of New England, of whom honorable mention is made by Cotton 
+Mather in his church history of that country, entitled Magnalia Christi 
+Americana, as 'a godly, learned Englishman," if I remember the words 
+rightly. I have heard that he wrote sundry small occasional pieces, but only 
+one of them was printed, which I saw now many years since. It was 
+written in 1675, in the home-spun verse of that time and people, and 
+addressed to those then concerned in the government there. It was in favor 
+of liberty of conscience, and in behalf of the Baptists, Quakers, and other 
+sectaries that had been under persecution, ascribing the Indian wars, and 
+other distresses that had befallen the country, to that persecution, as so 
+many judgments of God to punish so heinous an offense, and exhorting a 
+repeal of those uncharitable laws. The whole appeared to me as written 
+with a good deal of decent plainness and manly freedom. The six 
+concluding lines I remember, though I have forgotten the two first of the 
+stanza; but the purport of them was, that his censures proceeded from 
+good-will, and, therefore, he would be known to be the author. 
+
+"Because to be a libeller (says he) I hate it with my heart; From 
+Sherburne town, where now I dwell My name I do put here; Without 
+offense your real friend, It is Peter Folgier." 
+
+My elder brothers were all put apprentices to different trades. I was put 
+to the grammar-school at eight years of age, my father intending to devote 
+me, as the tithe of his sons, to the service of the Church. My early 
+readiness in learning to read (which must have been very early, as I do not 
+remember when I could not read), and the opinion of all his friends, that I 
+
+9 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+should certainly make a good scholar, encouraged him in this purpose of 
+his. My uncle Benjamin, too, approved of it, and proposed to give me all 
+his short-hand volumes of sermons, I suppose as a stock to set up with, if I 
+would learn his character. I continued, however, at the grammar-school not 
+quite one year, though in that time I had risen gradually from the middle of 
+the class of that year to be the head of it, and farther was removed into the 
+next class above it, in order to go with that into the third at the end of the 
+year. But my father, in the meantime, from a view of the expense of a 
+college education, which having so large a family he could not well afford, 
+and the mean living many so educated were afterwards able to obtain-reasons 
+that be gave to his friends in my hearing--altered his first intention, 
+took me from the grammar-school, and sent me to a school for writing and 
+arithmetic, kept by a then famous man, Mr. George Brownell, very 
+successful in his profession generally, and that by mild, encouraging 
+methods. Under him I acquired fair writing pretty soon, but I failed in the 
+arithmetic, and made no progress in it. At ten years old I was taken home 
+to assist my father in his business, which was that of a tallow-chandler and 
+sope-boiler; a business he was not bred to, but had assumed on his arrival 
+in New England, and on finding his dying trade would not maintain his 
+family, being in little request. Accordingly, I was employed in cutting wick 
+for the candles, filling the dipping mold and the molds for cast candles, 
+attending the shop, going of errands, etc. 
+
+I disliked the trade, and had a strong inclination for the sea, but my 
+father declared against it; however, living near the water, I was much in 
+and about it, learnt early to swim well, and to manage boats; and when in a 
+boat or canoe with other boys, I was commonly allowed to govern, 
+especially in any case of difficulty; and upon other occasions I was 
+generally a leader among the boys, and sometimes led them into scrapes, 
+of which I will mention one instance, as it shows an early projecting 
+public spirit, tho' not then justly conducted. 
+
+There was a salt-marsh that bounded part of the mill-pond, on the edge 
+of which, at high water, we used to stand to fish for minnows. By much 
+trampling, we had made it a mere quagmire. My proposal was to build a 
+wharff there fit for us to stand upon, and I showed my comrades a large 
+
+10 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+heap of stones, which were intended for a new house near the marsh, and 
+which would very well suit our purpose. Accordingly, in the evening, 
+when the workmen were gone, I assembled a number of my play-fellows, 
+and working with them diligently like so many emmets, sometimes two or 
+three to a stone, we brought them all away and built our little wharff. The 
+next morning the workmen were surprised at missing the stones, which 
+were found in our wharff. Inquiry was made after the removers; we were 
+discovered and complained of; several of us were corrected by our fathers; 
+and though I pleaded the usefulness of the work, mine convinced me that 
+nothing was useful which was not honest. 
+
+I think you may like to know something of his person and character. 
+He had an excellent constitution of body, was of middle stature, but well 
+set, and very strong; he was ingenious, could draw prettily, was skilled a 
+little in music, and had a clear pleasing voice, so that when he played 
+psalm tunes on his violin and sung withal, as he sometimesdid in an 
+evening after the business of the day was over, it was extremely agreeable 
+to hear. He had a mechanical genius too, and, on occasion, was very handy 
+in the use of other tradesmen's tools; but his great excellence lay in a 
+sound understanding and solid judgment in prudential matters, both in 
+private and publick affairs. In the latter, indeed, he was never employed, 
+the numerous family he had to educate and the straitness of his 
+circumstances keeping him close to his trade; but I remember well his 
+being frequently visited by leading people, who consulted him for his 
+opinion in affairs of the town or of the church he belonged to, and showed 
+a good deal of respect for his judgment and advice: he was also much 
+consulted by private persons about their affairs when any difficulty 
+occurred, and frequently chosen an arbitrator between contending parties. 
+
+At his table he liked to have, as often as he could, some sensible friend 
+or neighbor to converse with, and always took care to start some ingenious 
+or useful topic for discourse, which might tend to improve the minds of his 
+children. By this means he turned our attention to what was good, just, and 
+prudent in the conduct of life; and little or no notice was ever taken of 
+what related to the victuals on the table, whether it was well or ill dressed, 
+in or out of season, of good or bad flavor, preferable or inferior to this or 
+
+11 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+that other thing of the kind, so that I was bro't up in such a perfect 
+inattention to those matters as to be quite indifferent what kind of food 
+was set before me, and so unobservant of it, that to this day if I am asked I 
+can scarce tell a few hours after dinner what I dined upon. This has been a 
+convenience to me in travelling, where my companions have been 
+sometimes very unhappy for want of a suitable gratification of their more 
+delicate, because better instructed, tastes and appetites. 
+
+My mother had likewise an excellent constitution: she suckled all her 
+ten children. I never knew either my father or mother to have any sickness 
+but that of which they dy'd, he at 89, and she at 85 years of age. They lie 
+buried together at Boston, where I some years since placed a marble over 
+their grave, with this inscription: 
+
+JOSIAH FRANKLIN, and ABIAH his Wife, lie here interred. They 
+lived lovingly together in wedlock fifty-five years. Without an estate, or 
+any gainful employment, By constant labor and industry, with God's 
+blessing, They maintained a large family comfortably, and brought up 
+thirteen children and seven grandchildren reputably. From this instance, 
+reader, Be encouraged to diligence in thy calling, And distrust not 
+Providence. He was a pious and prudent man; She, a discreet and virtuous 
+woman. Their youngest son, In filial regard to their memory, Places this 
+stone. J.F. born 1655, died 1744, AEtat 89. A.F. born 1667, died 1752, ----
+
+
+95. 
+By my rambling digressions I perceive myself to be grown old. I us'd 
+to write more methodically. But one does not dress for private company as 
+for a publick ball. 'Tis perhaps only negligence. 
+
+To return: I continued thus employed in my father's business for two 
+years, that is, till I was twelve years old; and my brother John, who was 
+bred to that business, having left my father, married, and set up for himself 
+at Rhode Island, there was all appearance that I was destined to supply his 
+place, and become a tallow-chandler. But my dislike to the trade 
+continuing, my father was under apprehensions that if he did not find one 
+for me more agreeable, I should break away and get to sea, as his son 
+Josiah had done, to his great vexation. He therefore sometimes took me to 
+walk with him, and see joiners, bricklayers, turners, braziers, etc., at their 
+
+12 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+work, that he might observe my inclination, and endeavor to fix it on some 
+trade or other on land. It has ever since been a pleasure to me to see good 
+workmen handle their tools; and it has been useful to me, having learnt so 
+much by it as to be able to do little jobs myself in my house when a 
+workman could not readily be got, and to construct little machines for my 
+experiments, while the intention of making the experiment was fresh and 
+warm in my mind. My father at last fixed upon the cutler's trade, and my 
+uncle Benjamin's son Samuel, who was bred to that business in London, 
+being about that time established in Boston, I was sent to be with him 
+some time on liking. But his expectations of a fee with me displeasing my 
+father, I was taken home again. 
+
+From a child I was fond of reading, and all the little money that came 
+into my hands was ever laid out in books. Pleased with the Pilgrim's 
+Progress, my first collection was of John Bunyan's works in separate little 
+volumes. I afterward sold them to enable me to buy R. Burton's Historical 
+Collections; they were small chapmen's books, and cheap, 40 or 50 in all. 
+My father's little library consisted chiefly of books in polemic divinity, 
+most of which I read, and have since often regretted that, at a time when I 
+had such a thirst for knowledge, more proper books had not fallen in my 
+way since it was now resolved I should not be a clergyman. Plutarch's 
+Lives there was in which I read abundantly, and I still think that time spent 
+to great advantage. There was also a book of De Foe's, called an Essay on 
+Projects, and another of Dr. Mather's, called Essays to do Good, which 
+perhaps gave me a turn of thinking that had an influence on some of the 
+principal future events of my life. 
+
+This bookish inclination at length determined my father to make me a 
+printer, though he had already one son (James) of that profession. In 1717 
+my brother James returned from England with a press and letters to set up 
+his business in Boston. I liked it much better than that of my father, but 
+still had a hankering for the sea. To prevent the apprehended effect of such 
+an inclination, my father was impatient to have me bound to my brother. I 
+stood out some time, but at last was persuaded, and signed the indentures 
+when I was yet but twelve years old. I was to serve as an apprentice till I 
+was twenty-one years of age, only I was to be allowed journeyman's 
+
+13 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+wages during the last year. In a little time I made great proficiency in the 
+business, and became a useful hand to my brother. I now had access to 
+better books. An acquaintance with the apprentices of booksellers enabled 
+me sometimes to borrow a small one, which I was careful to return soon 
+and clean. Often I sat up in my room reading the greatest part of the night, 
+when the book was borrowed in the evening and to be returned early in the 
+morning, lest it should be missed or wanted. 
+
+And after some time an ingenious tradesman, Mr. Matthew Adams, 
+who had a pretty collection of books, and who frequented our printing-
+house, took notice of me, invited me to his library, and very kindly lent me 
+such books as I chose to read. I now took a fancy to poetry, and made 
+some little pieces; my brother, thinking it might turn to account, 
+encouraged me, and put me on composing occasional ballads. One was 
+called The Lighthouse Tragedy, and contained an account of the drowning 
+of Captain Worthilake, with his two daughters: the other was a sailor's 
+song, on the taking of Teach (or Blackbeard) the pirate. They were 
+wretched stuff, in the Grub-street-ballad style; and when they were printed 
+he sent me about the town to sell them. The first sold wonderfully, the 
+event being recent, having made a great noise. This flattered my vanity; 
+but my father discouraged me by ridiculing my performances, and telling 
+me verse-makers were generally beggars. So I escaped being a poet, most 
+probably a very bad one; but as prose writing bad been of great use to me 
+in the course of my life, and was a principal means of my advancement, I 
+shall tell you how, in such a situation, I acquired what little ability I have 
+in that way. 
+
+There was another bookish lad in the town, John Collins by name, 
+with whom I was intimately acquainted. We sometimes disputed, and very 
+fond we were of argument, and very desirous of confuting one another, 
+which disputatious turn, by the way, is apt to become a very bad habit, 
+making people often extremely disagreeable in company by the 
+contradiction that is necessary to bring it into practice; and thence, besides 
+souring and spoiling the conversation, is productive of disgusts and, 
+perhaps enmities where you may have occasion for friendship. I had 
+caught it by reading my father's books of dispute about religion. Persons 
+
+14 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+of good sense, I have since observed, seldom fall into it, except lawyers, 
+university men, and men of all sorts that have been bred at Edinborough. 
+
+A question was once, somehow or other, started between Collins and 
+me, of the propriety of educating the female sex in learning, and their 
+abilities for study. He was of opinion that it was improper, and that they 
+were naturally unequal to it. I took the contrary side, perhaps a little for 
+dispute's sake. He was naturally more eloquent, had a ready plenty of 
+words; and sometimes, as I thought, bore me down more by his fluency 
+than by the strength of his reasons. As we parted without settling the point, 
+and were not to see one another again for some time, I sat down to put my 
+arguments in writing, which I copied fair and sent to him. He answered, 
+and I replied. Three or four letters of a side had passed, when my father 
+happened to find my papers and read them. Without entering into the 
+discussion, he took occasion to talk to me about the manner of my writing; 
+observed that, though I had the advantage of my antagonist in correct 
+spelling and pointing (which I ow'd to the printing-house), I fell far short 
+in elegance of expression, in method and in perspicuity, of which he 
+convinced me by several instances. I saw the justice of his remark, and 
+thence grew more attentive to the manner in writing, and determined to 
+endeavor at improvement. 
+
+About this time I met with an odd volume of the Spectator. It was the 
+third. I had never before seen any of them. I bought it, read it over and 
+over, and was much delighted with it. I thought the writing excellent, and 
+wished, if possible, to imitate it. With this view I took some of the papers, 
+and, making short hints of the sentiment in each sentence, laid them by a 
+few days, and then, without looking at the book, try'd to compleat the 
+papers again, by expressing each hinted sentiment at length, and as fully as 
+it had been expressed before, in any suitable words that should come to 
+hand. Then I compared my Spectator with the original, discovered some of 
+my faults, and corrected them. But I found I wanted a stock of words, or a 
+readiness in recollecting and using them, which I thought I should have 
+acquired before that time if I had gone on making verses; since the 
+continual occasion for words of the same import, but of different length, to 
+suit the measure, or of different sound for the rhyme, would have laid me 
+
+15 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+under a constant necessity of searching for variety, and also have tended to 
+fix that variety in my mind, and make me master of it. Therefore I took 
+some of the tales and turned them into verse; and, after a time, when I had 
+pretty well forgotten the prose, turned them back again. I also sometimes 
+jumbled my collections of hints into confusion, and after some weeks 
+endeavored to reduce them into the best order, before I began to form the 
+full sentences and compleat the paper. This was to teach me method in the 
+arrangement of thoughts. By comparing my work afterwards with the 
+original, I discovered many faults and amended them; but I sometimes had 
+the pleasure of fancying that, in certain particulars of small import, I had 
+been lucky enough to improve the method or the language, and this 
+encouraged me to think I might possibly in time come to be a tolerable 
+English writer, of which I was extremely ambitious. My time for these 
+exercises and for reading was at night, after work or before it began in the 
+morning, or on Sundays, when I contrived to be in the printing-house 
+alone, evading as much as I could the common attendance on public 
+worship which my father used to exact on me when I was under his care, 
+and which indeed I still thought a duty, though I could not, as it seemed to 
+me, afford time to practise it. 
+
+When about 16 years of age I happened to meet with a book, written 
+by one Tryon, recommending a vegetable diet. I determined to go into it. 
+My brother, being yet unmarried, did not keep house, but boarded himself 
+and his apprentices in another family. My refusing to eat flesh occasioned 
+an inconveniency, and I was frequently chid for my singularity. I made 
+myself acquainted with Tryon's manner of preparing some of his dishes, 
+such as boiling potatoes or rice, making hasty pudding, and a few others, 
+and then proposed to my brother, that if he would give me, weekly, half 
+the money he paid for my board, I would board myself. He instantly 
+agreed to it, and I presently found that I could save half what he paid me. 
+This was an additional fund for buying books. But I had another advantage 
+in it. My brother and the rest going from the printing-house to their meals, 
+I remained there alone, and, despatching presently my light repast, which 
+often was no more than a bisket or a slice of bread, a handful of raisins or 
+a tart from the pastry-cook's, and a glass of water, had the rest of the time 
+
+16 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+till their return for study, in which I made the greater progress, from that 
+greater clearness of head and quicker apprehension which usually attend 
+temperance in eating and drinking. 
+
+And now it was that, being on some occasion made asham'd of my 
+ignorance in figures, which I had twice failed in learning when at school, I 
+took Cocker's book of Arithmetick, and went through the whole by myself 
+with great ease. I also read Seller's and Shermy's books of Navigation, and 
+became acquainted with the little geometry they contain; but never 
+proceeded far in that science. And I read about this time Locke On Human 
+Understanding, and the Art of Thinking, by Messrs. du Port Royal. 
+
+While I was intent on improving my language, I met with an English 
+grammar (I think it was Greenwood's), at the end of which there were two 
+little sketches of the arts of rhetoric and logic, the latter finishing with a 
+specimen of a dispute in the Socratic method; and soon after I procur'd 
+Xenophon's Memorable Things of Socrates, wherein there are many 
+instances of the same method. I was charm'd with it, adopted it, dropt my 
+abrupt contradiction and positive argumentation, and put on the humble 
+inquirer and doubter. And being then, from reading Shaftesbury and 
+Collins, become a real doubter in many points of our religious doctrine, I 
+found this method safest for myself and very embarrassing to those against 
+whom I used it; therefore I took a delight in it, practis'd it continually, and 
+grew very artful and expert in drawing people, even of superior knowledge, 
+into concessions, the consequences of which they did not foresee, 
+entangling them in difficulties out of which they could not extricate 
+themselves, and so obtaining victories that neither myself nor my cause 
+always deserved. I continu'd this method some few years, but gradually 
+left it, retaining only the habit of expressing myself in terms of modest 
+diffidence; never using, when I advanced any thing that may possibly be 
+disputed, the words certainly, undoubtedly, or any others that give the air 
+of positiveness to an opinion; but rather say, I conceive or apprehend a 
+thing to be so and so; it appears to me, or I should think it so or so, for 
+such and such reasons; or I imagine it to be so; or it is so, if I am not 
+mistaken. This habit, I believe, has been of great advantage to me when I 
+have had occasion to inculcate my opinions, and persuade men into 
+
+17 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+measures that I have been from time to time engag'd in promoting; and, as 
+the chief ends of conversation are to inform or to be informed, to please or 
+to persuade, I wish well-meaning, sensible men would not lessen their 
+power of doing good by a positive, assuming manner, that seldom fails to 
+disgust, tends to create opposition, and to defeat every one of those 
+purposes for which speech was given to us, to wit, giving or receiving 
+information or pleasure. For, if you would inform, a positive and 
+dogmatical manner in advancing your sentiments may provoke 
+contradiction and prevent a candid attention. If you wish information and 
+improvement from the knowledge of others, and yet at the same time 
+express yourself as firmly fix'd in your present opinions, modest, sensible 
+men, who do not love disputation, will probably leave you undisturbed in 
+the possession of your error. And by such a manner, you can seldom hope 
+to recommend yourself in pleasing your hearers, or to persuade those 
+whose concurrence you desire. Pope says, judiciously: 
+
+"Men should be taught as if you taught them not, And things 
+unknown propos'd as things forgot;" 
+farther recommending to us 
+"To speak, tho' sure, with seeming diffidence." 
+And he might have coupled with this line that which he has coupled 
+with another, I think, less properly, 
+"For want of modesty is want of sense." 
+If you ask, Why less properly? I must repeat the lines, 
+"Immodest words admit of no defense, For want of modesty is want 
+of sense." 
+
+Now, is not want of sense (where a man is so unfortunate as to want it) 
+some apology for his want of modesty? and would not the lines stand 
+more justly thus? 
+
+"Immodest words admit but this defense, That want of modesty is 
+want of sense." 
+
+This, however, I should submit to better judgments. 
+
+My brother had, in 1720 or 1721, begun to print a newspaper. It was 
+the second that appeared in America, and was called the New England 
+Courant. The only one before it was the Boston News-Letter. I remember 
+
+18 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+his being dissuaded by some of his friends from the undertaking, as not 
+likely to succeed, one newspaper being, in their judgment, enough for 
+America. At this time (1771) there are not less than five-and-twenty. He 
+went on, however, with the undertaking, and after having worked in 
+composing the types and printing off the sheets, I was employed to carry 
+the papers thro' the streets to the customers. 
+
+He had some ingenious men among his friends, who amus'd 
+themselves by writing little pieces for this paper, which gain'd it credit and 
+made it more in demand, and these gentlemen often visited us. Hearing 
+their conversations, and their accounts of the approbation their papers 
+were received with, I was excited to try my hand among them; but, being 
+still a boy, and suspecting that my brother would object to printing 
+anything of mine in his paper if he knew it to be mine, I contrived to 
+disguise my hand, and, writing an anonymous paper, I put it in at night 
+under the door of the printing-house. It was found in the morning, and 
+communicated to his writing friends when they call'd in as usual. They 
+read it, commented on it in my hearing, and I had the exquisite pleasure of 
+finding it met with their approbation, and that, in their different guesses at 
+the author, none were named but men of some character among us for 
+learning and ingenuity. I suppose now that I was rather lucky in my judges, 
+and that perhaps they were not really so very good ones as I then esteem'd 
+them. 
+
+Encourag'd, however, by this, I wrote and convey'd in the same way to 
+the press several more papers which were equally approv'd; and I kept my 
+secret till my small fund of sense for such performances was pretty well 
+exhausted and then I discovered it, when I began to be considered a little 
+more by my brother's acquaintance, and in a manner that did not quite 
+please him, as he thought, probably with reason, that it tended to make me 
+too vain. And, perhaps, this might be one occasion of the differences that 
+we began to have about this time. Though a brother, he considered himself 
+as my master, and me as his apprentice, and accordingly, expected the 
+same services from me as he would from another, while I thought he 
+demean'd me too much in some he requir'd of me, who from a brother 
+expected more indulgence. Our disputes were often brought before our 
+
+19 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+father, and I fancy I was either generally in the right, or else a better 
+pleader, because the judgment was generally in my favor. But my brother 
+was passionate, and had often beaten me, which I took extreamly amiss; 
+and, thinking my apprenticeship very tedious, I was continually wishing 
+for some opportunity of shortening it, which at length offered in a manner 
+unexpected.<3> 
+
+<3> I fancy his harsh and tyrannical treatment of me might be a 
+means of impressing me with that aversion to arbitrary power that has 
+stuck to me through my whole life. 
+One of the pieces in our newspaper on some political point, which I 
+have now forgotten, gave offense to the Assembly. He was taken up, 
+censur'd, and imprison'd for a month, by the speaker's warrant, I suppose, 
+because he would not discover his author. I too was taken up and examin'd 
+before the council; but, tho' I did not give them any satisfaction, they 
+content'd themselves with admonishing me, and dismissed me, 
+considering me, perhaps, as an apprentice, who was bound to keep his 
+master's secrets. 
+
+During my brother's confinement, which I resented a good deal, 
+notwithstanding our private differences, I had the management of the 
+paper; and I made bold to give our rulers some rubs in it, which my 
+brother took very kindly, while others began to consider me in an 
+unfavorable light, as a young genius that had a turn for libelling and satyr. 
+My brother's discharge was accompany'd with an order of the House (a 
+very odd one), that "James Franklin should no longer print the paper called 
+the New England Courant." 
+
+There was a consultation held in our printing-house among his friends, 
+what he should do in this case. Some proposed to evade the order by 
+changing the name of the paper; but my brother, seeing inconveniences in 
+that, it was finally concluded on as a better way, to let it be printed for the 
+future under the name of BENJAMIN FRANKLIN; and to avoid the 
+censure of the Assembly, that might fall on him as still printing it by his 
+apprentice, the contrivance was that my old indenture should be return'd to 
+me, with a full discharge on the back of it, to be shown on occasion, but to 
+secure to him the benefit of my service, I was to sign new indentures for 
+
+20 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+the remainder of the term, which were to be kept private. A very flimsy 
+scheme it was; however, it was immediately executed, and the paper went 
+on accordingly, under my name for several months. 
+
+At length, a fresh difference arising between my brother and me, I took 
+upon me to assert my freedom, presuming that he would not venture to 
+produce the new indentures. It was not fair in me to take this advantage, 
+and this I therefore reckon one of the first errata of my life; but the 
+unfairness of it weighed little with me, when under the impressions of 
+resentment for the blows his passion too often urged him to bestow upon 
+me, though he was otherwise not an ill-natur'd man: perhaps I was too 
+saucy and provoking. 
+
+When he found I would leave him, he took care to prevent my getting 
+employment in any other printing-house of the town, by going round and 
+speaking to every master, who accordingly refus'd to give me work. I then 
+thought of going to New York, as the nearest place where there was a 
+printer; and I was rather inclin'd to leave Boston when I reflected that I 
+had already made myself a little obnoxious to the governing party, and, 
+from the arbitrary proceedings of the Assembly in my brother's case, it 
+was likely I might, if I stay'd, soon bring myself into scrapes; and farther, 
+that my indiscrete disputations about religion began to make me pointed at 
+with horror by good people as an infidel or atheist. I determin'd on the 
+point, but my father now siding with my brother, I was sensible that, if I 
+attempted to go openly, means would be used to prevent me. My friend 
+Collins, therefore, undertook to manage a little for me. He agreed with the 
+captain of a New York sloop for my passage, under the notion of my being 
+a young acquaintance of his, that had got a naughty girl with child, whose 
+friends would compel me to marry her, and therefore I could not appear or 
+come away publicly. So I sold some of my books to raise a little money, 
+was taken on board privately, and as we had a fair wind, in three days I 
+found myself in New York, near 300 miles from home, a boy of but 17, 
+without the least recommendation to, or knowledge of any person in the 
+place, and with very little money in my pocket. 
+
+My inclinations for the sea were by this time worne out, or I might 
+now have gratify'd them. But, having a trade, and supposing myself a 
+
+21 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+pretty good workman, I offer'd my service to the printer in the place, old 
+Mr. William Bradford, who had been the first printer in Pennsylvania, but 
+removed from thence upon the quarrel of George Keith. He could give me 
+no employment, having little to do, and help enough already; but says he, 
+"My son at Philadelphia has lately lost his principal hand, Aquila Rose, by 
+death; if you go thither, I believe he may employ you." Philadelphia was a 
+hundred miles further; I set out, however, in a boat for Amboy, leaving my 
+chest and things to follow me round by sea. 
+
+In crossing the bay, we met with a squall that tore our rotten sails to 
+pieces, prevented our getting into the Kill and drove us upon Long Island. 
+In our way, a drunken Dutchman, who was a passenger too, fell overboard; 
+when he was sinking, I reached through the water to his shock pate, and 
+drew him up, so that we got him in again. His ducking sobered him a little, 
+and he went to sleep, taking first out of his pocket a book, which he desir'd 
+I would dry for him. It proved to be my old favorite author, Bunyan's 
+Pilgrim's Progress, in Dutch, finely printed on good paper, with copper 
+cuts, a dress better than I had ever seen it wear in its own language. I have 
+since found that it has been translated into most of the languages of 
+Europe, and suppose it has been more generally read than any other book, 
+except perhaps the Bible. Honest John was the first that I know of who 
+mix'd narration and dialogue; a method of writing very engaging to the 
+reader, who in the most interesting parts finds himself, as it were, brought 
+into the company and present at the discourse. De Foe in his Cruso, his 
+Moll Flanders, Religious Courtship, Family Instructor, and other pieces, 
+has imitated it with success; and Richardson has done the same, in his 
+Pamela, etc. 
+
+When we drew near the island, we found it was at a place where there 
+could be no landing, there being a great surff on the stony beach. So we 
+dropt anchor, and swung round towards the shore. Some people came 
+down to the water edge and hallow'd to us, as we did to them; but the wind 
+was so high, and the surff so loud, that we could not hear so as to 
+understand each other. There were canoes on the shore, and we made signs, 
+and hallow'd that they should fetch us; but they either did not understand 
+us, or thought it impracticable, so they went away, and night coming on, 
+
+22 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+we had no remedy but to wait till the wind should abate; and, in the 
+meantime, the boatman and I concluded to sleep, if we could; and so 
+crowded into the scuttle, with the Dutchman, who was still wet, and the 
+spray beating over the head of our boat, leak'd thro' to us, so that we were 
+soon almost as wet as he. In this manner we lay all night, with very little 
+rest; but, the wind abating the next day, we made a shift to reach Amboy 
+before night, having been thirty hours on the water, without victuals, or 
+any drink but a bottle of filthy rum, and the water we sail'd on being salt. 
+
+In the evening I found myself very feverish, and went in to bed; but, 
+having read somewhere that cold water drank plentifully was good for a 
+fever, I follow'd the prescription, sweat plentiful most of the night, my 
+fever left me, and in the morning, crossing the ferry, I proceeded on my 
+journey on foot, having fifty miles to Burlington, where I was told I 
+should find boats that would carry me the rest of the way to Philadelphia. 
+
+It rained very hard all the day; I was thoroughly soak'd, and by noon a 
+good deal tired; so I stopt at a poor inn, where I staid all night, beginning 
+now to wish that I had never left home. I cut so miserable a figure, too, 
+that I found, by the questions ask'd me, I was suspected to be some 
+runaway servant, and in danger of being taken up on that suspicion. 
+However, I proceeded the next day, and got in the evening to an inn, 
+within eight or ten miles of Burlington, kept by one Dr. Brown. He entered 
+into conversation with me while I took some refreshment, and, finding I 
+had read a little, became very sociable and friendly. Our acquaintance 
+continu'd as long as he liv'd. He had been, I imagine, an itinerant doctor, 
+for there was no town in England, or country in Europe, of which he could 
+not give a very particular account. He had some letters, and was ingenious, 
+but much of an unbeliever, and wickedly undertook, some years after, to 
+travestie the Bible in doggrel verse, as Cotton had done Virgil. By this 
+means he set many of the facts in a very ridiculous light, and might have 
+hurt weak minds if his work had been published; but it never was. 
+
+At his house I lay that night, and the next morning reach'd Burlington, 
+but had the mortification to find that the regular boats were gone a little 
+before my coming, and no other expected to go before Tuesday, this being 
+Saturday; wherefore I returned to an old woman in the town, of whom I 
+
+23 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+had bought gingerbread to eat on the water, and ask'd her advice. She 
+invited me to lodge at her house till a passage by water should offer; and 
+being tired with my foot travelling, I accepted the invitation. She 
+understanding I was a printer, would have had me stay at that town and 
+follow my business, being ignorant of the stock necessary to begin with. 
+She was very hospitable, gave me a dinner of ox-cheek with great good 
+will, accepting only a pot of ale in return; and I thought myself fixed till 
+Tuesday should come. However, walking in the evening by the side of the 
+river, a boat came by, which I found was going towards Philadelphia, with 
+several people in her. They took me in, and, as there was no wind, we 
+row'd all the way; and about midnight, not having yet seen the city, some 
+of the company were confident we must have passed it, and would row no 
+farther; the others knew not where we were; so we put toward the shore, 
+got into a creek, landed near an old fence, with the rails of which we made 
+a fire, the night being cold, in October, and there we remained till daylight. 
+Then one of the company knew the place to be Cooper's Creek, a little 
+above Philadelphia, which we saw as soon as we got out of the creek, and 
+arriv'd there about eight or nine o'clock on the Sunday morning, and 
+landed at the Market-street wharf. 
+
+I have been the more particular in this description of my journey, and 
+shall be so of my first entry into that city, that you may in your mind 
+compare such unlikely beginnings with the figure I have since made there. 
+I was in my working dress, my best cloaths being to come round by sea. I 
+was dirty from my journey; my pockets were stuff'd out with shirts and 
+stockings, and I knew no soul nor where to look for lodging. I was 
+fatigued with travelling, rowing, and want of rest, I was very hungry; and 
+my whole stock of cash consisted of a Dutch dollar, and about a shilling in 
+copper. The latter I gave the people of the boat for my passage, who at first 
+refus'd it, on account of my rowing; but I insisted on their taking it. A man 
+being sometimes more generous when he has but a little money than when 
+he has plenty, perhaps thro' fear of being thought to have but little. 
+
+Then I walked up the street, gazing about till near the market-house I 
+met a boy with bread. I had made many a meal on bread, and, inquiring 
+where he got it, I went immediately to the baker's he directed me to, in 
+
+24 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+Secondstreet, and ask'd for bisket, intending such as we had in Boston; but 
+they, it seems, were not made in Philadelphia. Then I asked for a threepenny 
+loaf, and was told they had none such. So not considering or 
+knowing the difference of money, and the greater cheapness nor the names 
+of his bread, I made him give me three-penny worth of any sort. He gave 
+me, accordingly, three great puffy rolls. I was surpriz'd at the quantity, but 
+took it, and, having no room in my pockets, walk'd off with a roll under 
+each arm, and eating the other. Thus I went up Market-street as far as 
+Fourth-street, passing by the door of Mr. Read, my future wife's father; 
+when she, standing at the door, saw me, and thought I made, as I certainly 
+did, a most awkward, ridiculous appearance. Then I turned and went down 
+Chestnut-street and part of Walnut-street, eating my roll all the way, and, 
+corning round, found myself again at Market-street wharf, near the boat I 
+came in, to which I went for a draught of the river water; and, being filled 
+with one of my rolls, gave the other two to a woman and her child that 
+came down the river in the boat with us, and were waiting to go farther. 
+
+Thus refreshed, I walked again up the street, which by this time had 
+many clean-dressed people in it, who were all walking the same way. I 
+joined them, and thereby was led into the great meeting-house of the 
+Quakers near the market. I sat down among them, and, after looking round 
+awhile and hearing nothing said, being very drowsy thro' labor and want 
+of rest the preceding night, I fell fast asleep, and continued so till the 
+meeting broke up, when one was kind enough to rouse me. This was, 
+therefore, the first house I was in, or slept in, in Philadelphia. 
+
+Walking down again toward the river, and, looking in the faces of 
+people, I met a young Quaker man, whose countenance I lik'd, and, 
+accosting him, requested he would tell me where a stranger could get 
+lodging. We were then near the sign of the Three Mariners. "Here," says 
+he, "is one place that entertains strangers, but it is not a reputable house; if 
+thee wilt walk with me, I'll show thee a better." He brought me to the 
+Crooked Billet in Water-street. Here I got a dinner; and, while I was eating 
+it, several sly questions were asked me, as it seemed to be suspected from 
+my youth and appearance, that I might be some runaway. 
+
+After dinner, my sleepiness return'd, and being shown to a bed, I lay 
+
+25 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+down without undressing, and slept till six in the evening, was call'd to 
+supper, went to bed again very early, and slept soundly till next morning. 
+Then I made myself as tidy as I could, and went to Andrew Bradford the 
+printer's. I found in the shop the old man his father, whom I had seen at 
+New York, and who, travelling on horseback, had got to Philadelphia 
+before me. He introduc'd me to his son, who receiv'd me civilly, gave me a 
+breakfast, but told me he did not at present want a hand, being lately 
+suppli'd with one; but there was another printer in town, lately set up, one 
+Keimer, who, perhaps, might employ me; if not, I should be welcome to 
+lodge at his house, and he would give me a little work to do now and then 
+till fuller business should offer. 
+
+The old gentleman said he would go with me to the new printer; and 
+when we found him, "Neighbor," says Bradford, "I have brought to see 
+you a young man of your business; perhaps you may want such a one." He 
+ask'd me a few questions, put a composing stick in my hand to see how I 
+work'd, and then said he would employ me soon, though he had just then 
+nothing for me to do; and, taking old Bradford, whom he had never seen 
+before, to be one of the town's people that had a good will for him, enter'd 
+into a conversation on his present undertaking and projects; while 
+Bradford, not discovering that he was the other printer's father, on 
+Keimer's saying he expected soon to get the greatest part of the business 
+into his own hands, drew him on by artful questions, and starting little 
+doubts, to explain all his views, what interests he reli'd on, and in what 
+manner he intended to proceed. I, who stood by and heard all, saw 
+immediately that one of them was a crafty old sophister, and the other a 
+mere novice. Bradford left me with Keimer, who was greatly surpris'd 
+when I told him who the old man was. 
+
+Keimer's printing-house, I found, consisted of an old shatter'd press, 
+and one small, worn-out font of English which he was then using himself, 
+composing an Elegy on Aquila Rose, before mentioned, an ingenious 
+young man, of excellent character, much respected in the town, clerk of 
+the Assembly, and a pretty poet. Keimer made verses too, but very 
+indifferently. He could not be said to write them, for his manner was to 
+compose them in the types directly out of his head. So there being no copy, 
+
+26 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+but one pair of cases, and the Elegy likely to require all the letter, no one 
+could help him. I endeavor'd to put his press (which he had not yet us'd, 
+and of which he understood nothing) into order fit to be work'd with; and, 
+promising to come and print off his Elegy as soon as he should have got it 
+ready, I return'd to Bradford's, who gave me a little job to do for the 
+present, and there I lodged and dieted, A few days after, Keimer sent for 
+me to print off the Elegy. And now he had got another pair of cases, and a 
+pamphlet to reprint, on which he set me to work. 
+
+These two printers I found poorly qualified for their business. 
+Bradford had not been bred to it, and was very illiterate; and Keimer, tho' 
+something of a scholar, was a mere compositor, knowing nothing of 
+presswork. He had been one of the French prophets, and could act their 
+enthusiastic agitations. At this time he did not profess any particular 
+religion, but something of all on occasion; was very ignorant of the world, 
+and had, as I afterward found, a good deal of the knave in his composition. 
+He did not like my lodging at Bradford's while I work'd with him. He had 
+a house, indeed, but without furniture, so he could not lodge me; but he 
+got me a lodging at Mr. Read's, before mentioned, who was the owner of 
+his house; and, my chest and clothes being come by this time, I made 
+rather a more respectable appearance in the eyes of Miss Read than I had 
+done when she first happen'd to see me eating my roll in the street. 
+
+I began now to have some acquaintance among the young people of 
+the town, that were lovers of reading, with whom I spent my evenings 
+very pleasantly; and gaining money by my industry and frugality, I lived 
+very agreeably, forgetting Boston as much as I could, and not desiring that 
+any there should know where I resided, except my friend Collins, who was 
+in my secret, and kept it when I wrote to him. At length, an incident 
+happened that sent me back again much sooner than I had intended. I had 
+a brother-in-law, Robert Holmes, master of a sloop that traded between 
+Boston and Delaware. He being at Newcastle, forty miles below 
+Philadelphia, heard there of me, and wrote me a letter mentioning the 
+concern of my friends in Boston at my abrupt departure, assuring me of 
+their good will to me, and that every thing would be accommodated to my 
+mind if I would return, to which he exhorted me very earnestly. I wrote an 
+
+27 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+answer to his letter, thank'd him for his advice, but stated my reasons for 
+quitting Boston fully and in such a light as to convince him I was not so 
+wrong as he had apprehended. 
+
+Sir William Keith, governor of the province, was then at Newcastle, 
+and Captain Holmes, happening to be in company with him when my 
+letter came to hand, spoke to him of me, and show'd him the letter. The 
+governor read it, and seem'd surpris'd when he was told my age. He said I 
+appear'd a young man of promising parts, and therefore should be 
+encouraged; the printers at Philadelphia were wretched ones; and, if I 
+would set up there, he made no doubt I should succeed; for his part, he 
+would procure me the public business, and do me every other service in 
+his power. This my brother-in-law afterwards told me in Boston, but I 
+knew as yet nothing of it; when, one day, Keimer and I being at work 
+together near the window, we saw the governor and another gentleman 
+(which proved to be Colonel French, of Newcastle), finely dress'd, come 
+directly across the street to our house, and heard them at the door. 
+
+Keimer ran down immediately, thinking it a visit to him; but the 
+governor inquir'd for me, came up, and with a condescension of politeness 
+I had been quite unus'd to, made me many compliments, desired to be 
+acquainted with me, blam'd me kindly for not having made myself known 
+to him when I first came to the place, and would have me away with him 
+to the tavern, where he was going with Colonel French to taste, as he said, 
+some excellent Madeira. I was not a little surprised, and Keimer star'd like 
+a pig poison'd. I went, however, with the governor and Colonel French to a 
+tavern, at the corner of Third-street, and over the Madeira he propos'd my 
+setting up my business, laid before me the probabilities of success, and 
+both he and Colonel French assur'd me I should have their interest and 
+influence in procuring the public business of both governments. On my 
+doubting whether my father would assist me in it, Sir William said he 
+would give me a letter to him, in which he would state the advantages, and 
+he did not doubt of prevailing with him. So it was concluded I should 
+return to Boston in the first vessel, with the governor's letter 
+recommending me to my father. In the mean time the intention was to be 
+kept a secret, and I went on working with Keimer as usual, the governor 
+
+28 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+sending for me now and then to dine with him, a very great honor I 
+thought it, and conversing with me in the most affable, familiar, and 
+friendly manner imaginable. 
+
+About the end of April, 1724, a little vessel offer'd for Boston. I took 
+leave of Keimer as going to see my friends. The governor gave me an 
+ample letter, saying many flattering things of me to my father, and 
+strongly recommending the project of my setting up at Philadelphia as a 
+thing that must make my fortune. We struck on a shoal in going down the 
+bay, and sprung a leak; we had a blustering time at sea, and were oblig'd to 
+pump almost continually, at which I took my turn. We arriv'd safe, 
+however, at Boston in about a fortnight. I had been absent seven months, 
+and my friends had heard nothing of me; for my br. Holmes was not yet 
+return'd, and had not written about me. My unexpected appearance 
+surpriz'd the family; all were, however, very glad to see me, and made me 
+welcome, except my brother. I went to see him at his printing-house. I was 
+better dress'd than ever while in his service, having a genteel new suit 
+from head to foot, a watch, and my pockets lin'd with near five pounds 
+sterling in silver. He receiv'd me not very frankly, look'd me all over, and 
+turn'd to his work again. 
+
+The journeymen were inquisitive where I had been, what sort of a 
+country it was, and how I lik'd it. I prais'd it much, the happy life I led in it, 
+expressing strongly my intention of returning to it; and, one of them 
+asking what kind of money we had there, I produc'd a handful of silver, 
+and spread it before them, which was a kind of raree-show they had not 
+been us'd to, paper being the money of Boston. Then I took an opportunity 
+of letting them see my watch; and, lastly (my brother still grum and sullen), 
+I gave them a piece of eight to drink, and took my leave. This visit of mine 
+offended him extreamly; for, when my mother some time after spoke to 
+him of a reconciliation, and of her wishes to see us on good terms together, 
+and that we might live for the future as brothers, he said I had insulted him 
+in such a manner before his people that he could never forget or forgive it. 
+In this, however, he was mistaken. 
+
+My father received the governor's letter with some apparent surprise, 
+but said little of it to me for some days, when Capt. Holmes returning he 
+
+29 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+showed it to him, ask'd him if he knew Keith, and what kind of man he 
+was; adding his opinion that he must be of small discretion to think of 
+setting a boy up in business who wanted yet three years of being at man's 
+estate. Holmes said what he could in favor of the project, but my father 
+was clear in the impropriety of it, and at last gave a flat denial to it. Then 
+he wrote a civil letter to Sir William, thanking him for the patronage he 
+had so kindly offered me, but declining to assist me as yet in setting up, I 
+being, in his opinion, too young to be trusted with the management of a 
+business so important, and for which the preparation must be so 
+expensive. 
+
+My friend and companion Collins, who was a clerk in the post-office, 
+pleas'd with the account I gave him of my new country, determined to go 
+thither also; and, while I waited for my father's determination, he set out 
+before me by land to Rhode Island, leaving his books, which were a pretty 
+collection of mathematicks and natural philosophy, to come with mine and 
+me to New York, where he propos'd to wait for me. 
+
+My father, tho' he did not approve Sir William's proposition, was yet 
+pleas'd that I had been able to obtain so advantageous a character from a 
+person of such note where I had resided, and that I had been so industrious 
+and careful as to equip myself so handsomely in so short a time; therefore, 
+seeing no prospect of an accommodation between my brother and me, he 
+gave his consent to my returning again to Philadelphia, advis'd me to 
+behave respectfully to the people there, endeavor to obtain the general 
+esteem, and avoid lampooning and libeling, to which he thought I had too 
+much inclination; telling me, that by steady industry and a prudent 
+parsimony I might save enough by the time I was one-and-twenty to set 
+me up; and that, if I came near the matter, he would help me out with the 
+rest. This was all I could obtain, except some small gifts as tokens of his 
+and my mother's love, when I embark'd again for New York, now with 
+their approbation and their blessing. 
+
+The sloop putting in at Newport, Rhode Island, I visited my brother 
+John, who had been married and settled there some years. He received me 
+very affectionately, for he always lov'd me. A friend of his, one Vernon, 
+having some money due to him in Pensilvania, about thirty-five pounds 
+
+30 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+currency, desired I would receive it for him, and keep it till I had his 
+directions what to remit it in. Accordingly, he gave me an order. This 
+afterwards occasion'd me a good deal of uneasiness. 
+
+At Newport we took in a number of passengers for New York, among 
+which were two young women, companions, and a grave, sensible, 
+matron-like Quaker woman, with her attendants. I had shown an obliging 
+readiness to do her some little services, which impress'd her I suppose 
+with a degree of good will toward me; therefore, when she saw a daily 
+growing familiarity between me and the two young women, which they 
+appear'd to encourage, she took me aside, and said: "Young man, I am 
+concern'd for thee, as thou has no friend with thee, and seems not to know 
+much of the world, or of the snares youth is expos'd to; depend upon it, 
+those are very bad women; I can see it in all their actions; and if thee art 
+not upon thy guard, they will draw thee into some danger; they are 
+strangers to thee, and I advise thee, in a friendly concern for thy welfare, 
+to have no acquaintance with them." As I seem'd at first not to think so ill 
+of them as she did, she mentioned some things she had observ'd and heard 
+that had escap'd my notice, but now convinc'd me she was right. I thank'd 
+her for her kind advice, and promis'd to follow it. When we arriv'd at New 
+York, they told me where they liv'd, and invited me to come and see them; 
+but I avoided it, and it was well I did; for the next day the captain miss'd a 
+silver spoon and some other things, that had been taken out of his cabbin, 
+and, knowing that these were a couple of strumpets, he got a warrant to 
+search their lodgings, found the stolen goods, and had the thieves punish'd. 
+So, tho' we had escap'd a sunken rock, which we scrap'd upon in the 
+passage, I thought this escape of rather more importance to me. 
+
+At New York I found my friend Collins, who had arriv'd there some 
+time before me. We had been intimate from children, and had read the 
+same books together; but he had the advantage of more time for reading 
+and studying, and a wonderful genius for mathematical learning, in which 
+he far outstript me. While I liv'd in Boston most of my hours of leisure for 
+conversation were spent with him, and he continu'd a sober as well as an 
+industrious lad; was much respected for his learning by several of the 
+clergy and other gentlemen, and seemed to promise making a good figure 
+
+31 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+in life. But, during my absence, he had acquir'd a habit of sotting with 
+brandy; and I found by his own account, and what I heard from others, that 
+he had been drunk every day since his arrival at New York, and behav'd 
+very oddly. He had gam'd, too, and lost his money, so that I was oblig'd to 
+discharge his lodgings, and defray his expenses to and at Philadelphia, 
+which prov'd extremely inconvenient to me. 
+
+The then governor of New York, Burnet (son of Bishop Burnet), 
+hearing from the captain that a young man, one of his passengers, had a 
+great many books, desir'd he would bring me to see him. I waited upon 
+him accordingly, and should have taken Collins with me but that he was 
+not sober. The gov'r. treated me with great civility, show'd me his library, 
+which was a very large one, and we had a good deal of conversation about 
+books and authors. This was the second governor who had done me the 
+honor to take notice of me; which, to a poor boy like me, was very 
+pleasing. 
+
+We proceeded to Philadelphia. I received on the way Vernon's money, 
+without which we could hardly have finish'd our journey. Collins wished 
+to be employ'd in some counting-house, but, whether they discover'd his 
+dramming by his breath, or by his behaviour, tho' he had some 
+recommendations, he met with no success in any application, and 
+continu'd lodging and boarding at the same house with me, and at my 
+expense. Knowing I had that money of Vernon's, he was continually 
+borrowing of me, still promising repayment as soon as he should be in 
+business. At length he had got so much of it that I was distress'd to think 
+what I should do in case of being call'd on to remit it. 
+
+His drinking continu'd, about which we sometimes quarrell'd;, for, 
+when a little intoxicated, he was very fractious. Once, in a boat on the 
+Delaware with some other young men, he refused to row in his turn. "I 
+will be row'd home," says he. "We will not row you," says I. "You must, or 
+stay all night on the water," says he, "just as you please." The others said, 
+"Let us row; what signifies it?" But, my mind being soured with his other 
+conduct, I continu'd to refuse. So he swore he would make me row, or 
+throw me overboard; and coming along, stepping on the thwarts, toward 
+me, when he came up and struck at me, I clapped my hand under his 
+
+32 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+crutch, and, rising, pitched him head-foremost into the river. I knew he 
+was a good swimmer, and so was under little concern about him; but 
+before he could get round to lay hold of the boat, we had with a few 
+strokes pull'd her out of his reach; and ever when he drew near the boat, 
+we ask'd if he would row, striking a few strokes to slide her away from 
+him. He was ready to die with vexation, and obstinately would not 
+promise to row. However, seeing him at last beginning to tire, we lifted 
+him in and brought him home dripping wet in the evening. We hardly 
+exchang'd a civil word afterwards, and a West India captain, who had a 
+commission to procure a tutor for the sons of a gentleman at Barbadoes, 
+happening to meet with him, agreed to carry him thither. He left me then, 
+promising to remit me the first money he should receive in order to 
+discharge the debt; but I never heard of him after. 
+
+The breaking into this money of Vernon's was one of the first great 
+errata of my life; and this affair show'd that my father was not much out in 
+his judgment when he suppos'd me too young to manage business of 
+importance. But Sir William, on reading his letter, said he was too prudent. 
+There was great difference in persons; and discretion did not always 
+accompany years, nor was youth always without it. "And since he will not 
+set you up," says he, "I will do it myself. Give me an inventory of the 
+things necessary to be had from England, and I will send for them. You 
+shall repay me when you are able; I am resolv'd to have a good printer 
+here, and I am sure you must succeed." This was spoken with such an 
+appearance of cordiality, that I had not the least doubt of his meaning what 
+he said. I had hitherto kept the proposition of my setting up, a secret in 
+Philadelphia, and I still kept it. Had lt been known that I depended on the 
+governor, probably some friend, that knew him better, would have advis'd 
+me not to rely on him, as I afterwards heard it as his known character to be 
+liberal of promises which he never meant to keep. Yet, unsolicited as he 
+was by me, how could I think his generous offers insincere? I believ'd him 
+one of the best men in the world. 
+
+I presented him an inventory of a little print'g-house, amounting by my 
+computation to about one hundred pounds sterling. He lik'd it, but ask'd 
+me if my being on the spot in England to chuse the types, and see that 
+
+33 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+every thing was good of the kind, might not be of some advantage. 
+"Then," says he, "when there, you may make acquaintances, and establish 
+correspondences in the bookselling and stationery way." I agreed that this 
+might be advantageous. "Then," says he, "get yourself ready to go with 
+Annis;" which was the annual ship, and the only one at that time usually 
+passing between London and Philadelphia. But it would be some months 
+before Annis sail'd, so I continu'd working with Keimer, fretting about the 
+money Collins had got from me, and in daily apprehensions of being call'd 
+upon by Vernon, which, however, did not happen for some years after. 
+
+I believe I have omitted mentioning that, in my first voyage from 
+Boston, being becalm'd off Block Island, our people set about catching 
+cod, and hauled up a great many. Hitherto I had stuck to my resolution of 
+not eating animal food, and on this occasion consider'd, with my master 
+Tryon, the taking every fish as a kind of unprovoked murder, since none of 
+them had, or ever could do us any injury that might justify the slaughter. 
+All this seemed very reasonable. But I had formerly been a great lover of 
+fish, and, when this came hot out of the frying-pan, it smelt admirably well. 
+I balanc'd some time between principle and inclination, till I recollected 
+that, when the fish were opened, I saw smaller fish taken out of their 
+stomachs; then thought I, "If you eat one another, I don't see why we 
+mayn't eat you." So I din'd upon cod very heartily, and continued to eat 
+with other people, returning only now and then occasionally to a vegetable 
+diet. So convenient a thing it is to be a reasonable creature, since it enables 
+one to find or make a reason for everything one has a mind to do. 
+
+Keimer and I liv'd on a pretty good familiar footing, and agreed 
+tolerably well, for he suspected nothing of my setting up. He retained a 
+great deal of his old enthusiasms and lov'd argumentation. We therefore 
+had many disputations. I used to work him so with my Socratic method, 
+and had trepann'd him so often by questions apparently so distant from 
+any point we had in hand, and yet by degrees lead to the point, and 
+brought him into difficulties and contradictions, that at last he grew 
+ridiculously cautious, and would hardly answer me the most common 
+question, without asking first, "What do you intend to infer from that?" 
+However, it gave him so high an opinion of my abilities in the confuting 
+
+34 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+way, that he seriously proposed my being his colleague in a project he had 
+of setting up a new sect. He was to preach the doctrines, and I was to 
+confound all opponents. When he came to explain with me upon the 
+doctrines, I found several conundrums which I objected to, unless I might 
+have my way a little too, and introduce some of mine. 
+
+Keimer wore his beard at full length, because somewhere in the 
+Mosaic law it is said, "Thou shalt not mar the corners of thy beard." He 
+likewise kept the Seventh day, Sabbath; and these two points were 
+essentials with him. I dislik'd both; but agreed to admit them upon 
+condition of his adopting the doctrine of using no animal food. "I doubt," 
+said he, "my constitution will not bear that." I assur'd him it would, and 
+that he would be the better for it. He was usually a great glutton, and I 
+promised myself some diversion in half starving him. He agreed to try the 
+practice, if I would keep him company. I did so, and we held it for three 
+months. We had our victuals dress'd, and brought to us regularly by a 
+woman in the neighborhood, who had from me a list of forty dishes to be 
+prepar'd for us at different times, in all which there was neither fish, flesh, 
+nor fowl, and the whim suited me the better at this time from the 
+cheapness of it, not costing us above eighteenpence sterling each per week. 
+I have since kept several Lents most strictly, leaving the common diet for 
+that, and that for the common, abruptly, without the least inconvenience, 
+so that I think there is little in the advice of making those changes by easy 
+gradations. I went on pleasantly, but poor Keimer suffered grievously, 
+tired of the project, long'd for the flesh-pots of Egypt, and order'd a roast 
+pig. He invited me and two women friends to dine with him; but, it being 
+brought too soon upon table, he could not resist the temptation, and ate the 
+whole before we came. 
+
+I had made some courtship during this time to Miss Read. I had a great 
+respect and affection for her, and had some reason to believe she had the 
+same for me; but, as I was about to take a long voyage, and we were both 
+very young, only a little above eighteen, it was thought most prudent by 
+her mother to prevent our going too far at present, as a marriage, if it was 
+to take place, would be more convenient after my return, when I should be, 
+as I expected, set up in my business. Perhaps, too, she thought my 
+
+35 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+expectations not so well founded as I imagined them to be. 
+
+My chief acquaintances at this time were Charles Osborne, Joseph 
+Watson, and James Ralph, all lovers of reading. The two first were clerks 
+to an eminent scrivener or conveyancer in the town, Charles Brogden; the 
+other was clerk to a merchant. Watson was a pious, sensible young man, of 
+great integrity; the others rather more lax in their principles of religion, 
+particularly Ralph, who, as well as Collins, had been unsettled by me, for 
+which they both made me suffer. Osborne was sensible, candid, frank; 
+sincere and affectionate to his friends; but, in literary matters, too fond of 
+criticising. Ralph was ingenious, genteel in his manners, and extremely 
+eloquent; I think I never knew a prettier talker. Both of them great 
+admirers of poetry, and began to try their hands in little pieces. Many 
+pleasant walks we four had together on Sundays into the woods, near 
+Schuylkill, where we read to one another, and conferr'd on what we read. 
+
+Ralph was inclin'd to pursue the study of poetry, not doubting but he 
+might become eminent in it, and make his fortune by it, alleging that the 
+best poets must, when they first began to write, make as many faults as he 
+did. Osborne dissuaded him, assur'd him he had no genius for poetry, and 
+advis'd him to think of nothing beyond the business he was bred to; that, in 
+the mercantile way, tho' he had no stock, he might, by his diligence and 
+punctuality, recommend himself to employment as a factor, and in time 
+acquire wherewith to trade on his own account. I approv'd the amusing 
+one's self with poetry now and then, so far as to improve one's language, 
+but no farther. 
+
+On this it was propos'd that we should each of us, at our next meeting, 
+produce a piece of our own composing, in order to improve by our mutual 
+observations, criticisms, and corrections. As language and expression were 
+what we had in view, we excluded all considerations of invention by 
+agreeing that the task should be a version of the eighteenth Psalm, which 
+describes the descent of a Deity. When the time of our meeting drew nigh, 
+Ralph called on me first, and let me know his piece was ready. I told him I 
+had been busy, and, having little inclination, had done nothing. He then 
+show'd me his piece for my opinion, and I much approv'd it, as it appear'd 
+to me to have great merit. "Now," says he, "Osborne never will allow the 
+
+36 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+least merit in any thing of mine, but makes 1000 criticisms out of mere 
+envy. He is not so jealous of you; I wish, therefore, you would take this 
+piece, and produce it as yours; I will pretend not to have had time, and so 
+produce nothing. We shall then see what he will say to it." It was agreed, 
+and I immediately transcrib'd it, that it might appear in my own hand. 
+
+We met; Watson's performance was read; there were some beauties in 
+it, but many defects. Osborne's was read; it was much better; Ralph did it 
+justice; remarked some faults, but applauded the beauties. He himself had 
+nothing to produce. I was backward; seemed desirous of being excused; 
+had not had sufficient time to correct, etc.; but no excuse could be 
+admitted; produce I must. It was read and repeated; Watson and Osborne 
+gave up the contest, and join'd in applauding it. Ralph only made some 
+criticisms, and propos'd some amendments; but I defended my text. 
+Osborne was against Ralph, and told him he was no better a critic than 
+poet, so he dropt the argument. As they two went home together, Osborne 
+expressed himself still more strongly in favor of what he thought my 
+production; having restrain'd himself before, as he said, lest I should think 
+it flattery. "But who would have imagin'd," said he, "that Franklin had 
+been capable of such a performance; such painting, such force, such fire! 
+He has even improv'd the original. In his common conversation he seems 
+to have no choice of words; he hesitates and blunders; and yet, good God! 
+how he writes!" When we next met, Ralph discovered the trick we had 
+plaid him, and Osborne was a little laught at. 
+
+This transaction fixed Ralph in his resolution of becoming a poet. I did 
+all I could to dissuade him from it, but he continued scribbling verses till 
+Pope cured him. He became, however, a pretty good prose writer. More of 
+him hereafter. But, as I may not have occasion again to mention the other 
+two, I shall just remark here, that Watson died in my arms a few years 
+after, much lamented, being the best of our set. Osborne went to the West 
+Indies, where he became an eminent lawyer and made money, but died 
+young. He and I had made a serious agreement, that the one who happen'd 
+first to die should, if possible, make a friendly visit to the other, and 
+acquaint him how he found things in that separate state. But he never 
+fulfill'd his promise. 
+
+37 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+The governor, seeming to like my company, had me frequently to his 
+house, and his setting me up was always mention'd as a fixed thing. I was 
+to take with me letters recommendatory to a number of his friends, besides 
+the letter of credit to furnish me with the necessary money for purchasing 
+the press and types, paper, etc. For these letters I was appointed to call at 
+different times, when they were to be ready, but a future time was still 
+named. Thus he went on till the ship, whose departure too had been 
+several times postponed, was on the point of sailing. Then, when I call'd to 
+take my leave and receive the letters, his secretary, Dr. Bard, came out to 
+me and said the governor was extremely busy in writing, but would be 
+down at Newcastle before the ship, and there the letters would be 
+delivered to me. 
+
+Ralph, though married, and having one child, had determined to 
+accompany me in this voyage. It was thought he intended to establish a 
+correspondence, and obtain goods to sell on commission; but I found 
+afterwards, that, thro' some discontent with his wife's relations, he 
+purposed to leave her on their hands, and never return again. Having taken 
+leave of my friends, and interchang'd some promises with Miss Read, I 
+left Philadelphia in the ship, which anchor'd at Newcastle. The governor 
+was there; but when I went to his lodging, the secretary came to me from 
+him with the civillest message in the world, that he could not then see me, 
+being engaged in business of the utmost importance, but should send the 
+letters to me on board, wish'd me heartily a good voyage and a speedy 
+return, etc. I returned on board a little puzzled, but still not doubting. 
+
+Mr. Andrew Hamilton, a famous lawyer of Philadelphia, had taken 
+passage in the same ship for himself and son, and with Mr. Denham, a 
+Quaker merchant, and Messrs. Onion and Russel, masters of an iron work 
+in Maryland, had engag'd the great cabin; so that Ralph and I were forced 
+to take up with a berth in the steerage, and none on board knowing us, 
+were considered as ordinary persons. But Mr. Hamilton and his son (it was 
+James, since governor) return'd from Newcastle to Philadelphia, the father 
+being recall'd by a great fee to plead for a seized ship; and, just before we 
+sail'd, Colonel French coming on board, and showing me great respect, I 
+was more taken notice of, and, with my friend Ralph, invited by the other 
+
+38 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+gentlemen to come into the cabin, there being now room. Accordingly, we 
+
+
+remov'd thither. 
+
+Understanding that Colonel French had brought on board the 
+governor's despatches, I ask'd the captain for those letters that were to be 
+under my care. He said all were put into the bag together and he could not 
+then come at them; but, before we landed in England, I should have an 
+opportunity of picking them out; so I was satisfied for the present, and we 
+proceeded on our voyage. We had a sociable company in the cabin, and 
+lived uncommonly well, having the addition of all Mr. Hamilton's stores, 
+who had laid in plentifully. In this passage Mr. Denham contracted a 
+friendship for me that continued during his life. The voyage was otherwise 
+not a pleasant one, as we had a great deal of bad weather. 
+
+When we came into the Channel, the captain kept his word with me, 
+and gave me an opportunity of examining the bag for the governor's letters. 
+I found none upon which my name was put as under my care. I picked out 
+six or seven, that, by the handwriting, I thought might be the promised 
+letters, especially as one of them was directed to Basket, the king's printer, 
+and another to some stationer. We arriv'd in London the 24th of December, 
+1724. I waited upon the stationer, who came first in my way, delivering the 
+letter as from Governor Keith. "I don't know such a person," says he; but, 
+opening the letter, "O! this is from Riddlesden. I have lately found him to 
+be a compleat rascal, and I will have nothing to do with him, nor receive 
+any letters from him." So, putting the letter into my hand, he turn'd on his 
+heel and left me to serve some customer. I was surprized to find these 
+were not the governor's letters; and, after recollecting and comparing 
+circumstances, I began to doubt his sincerity. I found my friend Denham, 
+and opened the whole affair to him. He let me into Keith's character; told 
+me there was not the least probability that he had written any letters for me; 
+that no one, who knew him, had the smallest dependence on him; and he 
+laught at the notion of the governor's giving me a letter of credit, having, 
+as he said, no credit to give. On my expressing some concern about what I 
+should do, he advised me to endeavor getting some employment in the 
+way of my business. "Among the printers here," said he, "you will 
+improve yourself, and when you return to America, you will set up to 
+
+39 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+greater advantage." 
+
+We both of us happen'd to know, as well as the stationer, that 
+Riddlesden, the attorney, was a very knave. He had half ruin'd Miss Read's 
+father by persuading him to be bound for him. By this letter it appear'd 
+there was a secret scheme on foot to the prejudice of Hamilton (suppos'd 
+to be then coming over with us); and that Keith was concerned in it with 
+Riddlesden. Denham, who was a friend of Hamilton's thought he ought to 
+be acquainted with it; so, when he arriv'd in England, which was soon 
+after, partly from resentment and ill-will to Keith and Riddlesden, and 
+partly from good-will to him, I waited on him, and gave him the letter. He 
+thank'd me cordially, the information being of importance to him; and 
+from that time he became my friend, greatly to my advantage afterwards 
+on many occasions. 
+
+But what shall we think of a governor's playing such pitiful tricks, and 
+imposing so grossly on a poor ignorant boy! It was a habit he had acquired. 
+He wish'd to please everybody; and, having little to give, he gave 
+expectations. He was otherwise an ingenious, sensible man, a pretty good 
+writer, and a good governor for the people, tho' not for his constituents, the 
+proprietaries, whose instructions he sometimes disregarded. Several of our 
+best laws were of his planning and passed during his administration. 
+
+Ralph and I were inseparable companions. We took lodgings together 
+in Little Britain at three shillings and sixpence a week-- as much as we 
+could then afford. He found some relations, but they were poor, and 
+unable to assist him. He now let me know his intentions of remaining in 
+London, and that he never meant to return to Philadelphia. He had brought 
+no money with him, the whole he could muster having been expended in 
+paying his passage. I had fifteen pistoles; so he borrowed occasionally of 
+me to subsist, while he was looking out for business. He first endeavored 
+to get into the playhouse, believing himself qualify'd for an actor; but 
+Wilkes, to whom he apply'd, advis'd him candidly not to think of that 
+employment, as it was impossible be should succeed in it. Then he 
+propos'd to Roberts, a publisher in Paternoster Row, to write for him a 
+weekly paper like the Spectator, on certain conditions, which Roberts did 
+not approve. Then he endeavored to get employment as a hackney writer, 
+
+40 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+to copy for the stationers and lawyers about the Temple, but could find no 
+vacancy. 
+
+I immediately got into work at Palmer's, then a famous printing-house 
+in Bartholomew Close, and here I continu'd near a year. I was pretty 
+diligent, but spent with Ralph a good deal of my earnings in going to plays 
+and other places of amusement. We had together consumed all my pistoles, 
+and now just rubbed on from hand to mouth. He seem'd quite to forget his 
+wife and child, and I, by degrees, my engagements with Miss Read, to 
+whom I never wrote more than one letter, and that was to let her know I 
+was not likely soon to return. This was another of the great errata of my 
+life, which I should wish to correct if I were to live it over again. In fact, 
+by our expenses, I was constantly kept unable to pay my passage. 
+
+At Palmer's I was employed in composing for the second edition of 
+Wollaston's "Religion of Nature." Some of his reasonings not appearing to 
+me well founded, I wrote a little metaphysical piece in which I made 
+remarks on them. It was entitled "A Dissertation on Liberty and Necessity, 
+Pleasure and Pain." I inscribed it to my friend Ralph; I printed a small 
+number. It occasion'd my being more consider'd by Mr. Palmer as a young 
+man of some ingenuity, tho' he seriously expostulated with me upon the 
+principles of my pamphlet, which to him appear'd abominable. My 
+printing this pamphlet was another erratum. While I lodg'd in Little Britain, 
+I made an acquaintance with one Wilcox, a bookseller, whose shop was at 
+the next door. He had an immense collection of second-hand books. 
+Circulating libraries were not then in use; but we agreed that, on certain 
+reasonable terms, which I have now forgotten, I might take, read, and 
+return any of his books. This I esteem'd a great advantage, and I made as 
+much use of it as I could. 
+
+My pamphlet by some means falling into the hands of one Lyons, a 
+surgeon, author of a book entitled "The Infallibility of Human Judgment," 
+it occasioned an acquaintance between us. He took great notice of me, 
+called on me often to converse on those subjects, carried me to the Horns, 
+a pale alehouse in ---- Lane, Cheapside, and introduced me to Dr. 
+Mandeville, author of the "Fable of the Bees," who had a club there, of 
+which he was the soul, being a most facetious, entertaining companion. 
+
+41 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+Lyons, too, introduced me to Dr. Pemberton, at Batson's Coffee-house, 
+who promis'd to give me an opportunity, some time or other, of seeing Sir 
+Isaac Newton, of which I was extreamely desirous; but this never 
+happened. 
+
+I had brought over a few curiosities, among which the principal was a 
+purse made of the asbestos, which purifies by fire. Sir Hans Sloane heard 
+of it, came to see me, and invited me to his house in Bloomsbury Square, 
+where he show'd me all his curiosities, and persuaded me to let him add 
+that to the number, for which he paid me handsomely. 
+
+In our house there lodg'd a young woman, a milliner, who, I think, had 
+a shop in the Cloisters. She had been genteelly bred, was sensible and 
+lively, and of most pleasing conversation. Ralph read plays to her in the 
+evenings, they grew intimate, she took another lodging, and he followed 
+her. They liv'd together some time; but, he being still out of business, and 
+her income not sufficient to maintain them with her child, he took a 
+resolution of going from London, to try for a country school, which he 
+thought himself well qualified to undertake, as he wrote an excellent hand, 
+and was a master of arithmetic and accounts. This, however, he deemed a 
+business below him, and confident of future better fortune, when he 
+should be unwilling to have it known that he once was so meanly 
+employed, he changed his name, and did me the honor to assume mine; for 
+I soon after had a letter from him, acquainting me that he was settled in a 
+small village (in Berkshire, I think it was, where he taught reading and 
+writing to ten or a dozen boys, at sixpence each per week), recommending 
+Mrs. T----to my care, and desiring me to write to him, directing for Mr. 
+Franklin, schoolmaster, at such a place. 
+
+He continued to write frequently, sending me large specimens of an 
+epic poem which he was then composing, and desiring my remarks and 
+corrections. These I gave him from time to time, but endeavor'd rather to 
+discourage his proceeding. One of Young's Satires was then just published. 
+I copy'd and sent him a great part of it, which set in a strong light the folly 
+of pursuing the Muses with any hope of advancement by them. All was in 
+vain; sheets of the poem continued to come by every post. In the mean 
+time, Mrs. T----, having on his account lost her friends and business, was 
+
+42 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+often in distresses, and us'd to send for me, and borrow what I could spare 
+to help her out of them. I grew fond of her company, and, being at that 
+time under no religious restraint, and presuming upon my importance to 
+her, I attempted familiarities (another erratum) which she repuls'd with a 
+proper resentment, and acquainted him with my behaviour. This made a 
+breach between us; and, when he returned again to London, he let me 
+know he thought I had cancell'd all the obligations he had been under to 
+me. So I found I was never to expect his repaying me what I lent to him, 
+or advanc'd for him. This, however, was not then of much consequence, as 
+he was totally unable; and in the loss of his friendship I found myself 
+relieved from a burthen. I now began to think of getting a little money 
+beforehand, and, expecting better work, I left Palmer's to work at Watts's, 
+near Lincoln's Inn Fields, a still greater printing-house. Here I continued 
+all the rest of my stay in London. 
+
+At my first admission into this printing-house I took to working at 
+press, imagining I felt a want of the bodily exercise I had been us'd to in 
+America, where presswork is mix'd with composing. I drank only water; 
+the other workmen, near fifty in number, were great guzzlers of beer. On 
+occasion, I carried up and down stairs a large form of types in each hand, 
+when others carried but one in both hands. They wondered to see, from 
+this and several instances, that the Water-American, as they called me, was 
+stronger than themselves, who drank strong beer! We had an alehouse boy 
+who attended always in the house to supply the workmen. My companion 
+at the press drank every day a pint before breakfast, a pint at breakfast 
+with his bread and cheese, a pint between breakfast and dinner, a pint at 
+dinner, a pint in the afternoon about six o'clock, and another when he had 
+done his day's work. I thought it a detestable custom; but it was necessary, 
+he suppos'd, to drink strong beer, that he might be strong to labor. I 
+endeavored to convince him that the bodily strength afforded by beer 
+could only be in proportion to the grain or flour of the barley dissolved in 
+the water of which it was made; that there was more flour in a pennyworth 
+of bread; and therefore, if he would eat that with a pint of water, it would 
+give him more strength than a quart of beer. He drank on, however, and 
+had four or five shillings to pay out of his wages every Saturday night for 
+
+43 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+that muddling liquor; an expense I was free from. And thus these poor 
+devils keep themselves always under. 
+
+Watts, after some weeks, desiring to have me in the composing-room, I 
+left the pressmen; a new bien venu or sum for drink, being five shillings, 
+was demanded of me by the compositors. I thought it an imposition, as I 
+had paid below; the master thought so too, and forbad my paying it. I 
+stood out two or three weeks, was accordingly considered as an 
+excommunicate, and bad so many little pieces of private mischief done me, 
+by mixing my sorts, transposing my pages, breaking my matter, etc., etc., 
+if I were ever so little out of the room, and all ascribed to the chappel 
+ghost, which they said ever haunted those not regularly admitted, that, 
+notwithstanding the master's protection, I found myself oblig'd to comply 
+and pay the money, convinc'd of the folly of being on ill terms with those 
+one is to live with continually. 
+
+I was now on a fair footing with them, and soon acquir'd considerable 
+influence. I propos'd some reasonable alterations in their chappel<4> laws, 
+and carried them against all opposition. From my example, a great part of 
+them left their muddling breakfast of beer, and bread, and cheese, finding 
+they could with me be suppli'd from a neighboring house with a large 
+porringer of hot water-gruel, sprinkled with pepper, crumbl'd with bread, 
+and a bit of butter in it, for the price of a pint of beer, viz., three half-pence. 
+This was a more comfortable as well as cheaper breakfast, and kept their 
+heads clearer. Those who continued sotting with beer all day, were often, 
+by not paying, out of credit at the alehouse, and us'd to make interest with 
+me to get beer; their light, as they phrased it, being out. I watch'd the pay-
+table on Saturday night, and collected what I stood engag'd for them, 
+having to pay sometimes near thirty shillings a week on their account. 
+This, and my being esteem'd a pretty good riggite, that is, a jocular verbal 
+satirist, supported my consequence in the society. My constant attendance 
+(I never making a St. Monday) recommended me to the master; and my 
+uncommon quickness at composing occasioned my being put upon all 
+work of dispatch, which was generally better paid. So I went on now very 
+agreeably. 
+
+<4> "A printing-house is always called a chapel by the workmen, the 
+44 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+origin of which appears to have been that printing was first carried on in 
+England in an ancient chapel converted into a printing-house, and the title 
+has been preserved by tradition. The bien venu among the printers answers 
+to the terms entrance and footing among mechanics; thus a journeyman, 
+on entering a printing-house, was accustomed to pay one or more gallons 
+of beer for the good of the chapel; this custom was falling into disuse 
+thirty years ago; it is very properly rejected entirely in the United States."-
+W. T. F. 
+
+My lodging in Little Britain being too remote, I found another in 
+Duke-street, opposite to the Romish Chapel. It was two pair of stairs 
+backwards, at an Italian warehouse. A widow lady kept the house; she had 
+a daughter, and a maid servant, and a journeyman who attended the 
+warehouse, but lodg'd abroad. After sending to inquire my character at the 
+house where I last lodg'd she agreed to take me in at the same rate, 3s. 6d. 
+per week; cheaper, as she said, from the protection she expected in having 
+a man lodge in the house. She was a widow, an elderly woman; had been 
+bred a Protestant, being a clergyman's daughter, but was converted to the 
+Catholic religion by her husband, whose memory she much revered; had 
+lived much among people of distinction, and knew a thousand anecdotes 
+of them as far back as the times of Charles the Second. She was lame in 
+her knees with the gout, and, therefore, seldom stirred out of her room, so 
+sometimes wanted company; and hers was so highly amusing to me, that I 
+was sure to spend an evening with her whenever she desired it. Our supper 
+was only half an anchovy each, on a very little strip of bread and butter, 
+and half a pint of ale between us; but the entertainment was in her 
+conversation. My always keeping good hours, and giving little trouble in 
+the family, made her unwilling to part with me; so that, when I talk'd of a 
+lodging I had heard of,nearer my business, for two shillings a week, which, 
+intent as I now was on saving money, made some difference, she bid me 
+not think of it, for she would abate me two shillings a week for the future; 
+so I remained with her at one shilling and sixpence as long as I staid in 
+London. 
+
+In a garret of her house there lived a maiden lady of seventy, in the 
+most retired manner, of whom my landlady gave me this account: that she 
+
+45 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+was a Roman Catholic, had been sent abroad when young, and lodg'd in a 
+nunnery with an intent of becoming a nun; but, the country not agreeing 
+with her, she returned to England, where, there being no nunnery, she had 
+vow'd to lead the life of a nun, as near as might be done in those 
+circumstances. Accordingly, she had given all her estate to charitable uses, 
+reserving only twelve pounds a year to live on, and out of this sum she still 
+gave a great deal in charity, living herself on water-gruel only, and using 
+no fire but to boil it. She had lived many years in that garret, being 
+permitted to remain there gratis by successive Catholic tenants of the 
+house below, as they deemed it a blessing to have her there. A priest 
+visited her to confess her every day. "I have ask'd her," says my landlady, 
+"how she, as she liv'd, could possibly find so much employment for a 
+confessor?" "Oh," said she, "it is impossible to avoid vain thoughts." I was 
+permitted once to visit her, She was chearful and polite, and convers'd 
+pleasantly. The room was clean, but had no other furniture than a matras, a 
+table with a crucifix and book, a stool which she gave me to sit on, and a 
+picture over the chimney of Saint Veronica displaying her handkerchief, 
+with the miraculous figure of Christ's bleeding face on it, which she 
+explained to me with great seriousness. She look'd pale, but was never 
+sick; and I give it as another instance on how small an income life and 
+health may be supported. 
+
+At Watts's printing-house I contracted an acquaintance with an 
+ingenious young man, one Wygate, who, having wealthy relations, had 
+been better educated than most printers; was a tolerable Latinist, spoke 
+French, and lov'd reading. I taught him and a friend of his to swim at twice 
+going into the river, and they soon became good swimmers. They 
+introduc'd me to some gentlemen from the country, who went to Chelsea 
+by water to see the College and Don Saltero's curiosities. In our return, at 
+the request of the company, whose curiosity Wygate had excited, I stripped 
+and leaped into the river, and swam from near Chelsea to Blackfryar's, 
+performing on the way many feats of activity, both upon and under water, 
+that surpris'd and pleas'd those to whom they were novelties. 
+
+I had from a child been ever delighted with this exercise, had studied 
+and practis'd all Thevenot's motions and positions, added some of my own, 
+
+46 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+aiming at the graceful and easy as well as the useful. All these I took this 
+occasion of exhibiting to the company, and was much flatter'd by their 
+admiration; and Wygate, who was desirous of becoming a master, grew 
+more and more attach'd to me on that account, as well as from the 
+similarity of our studies. He at length proposed to me travelling all over 
+Europe together, supporting ourselves everywhere by working at our 
+business. I was once inclined to it; but, mentioning it to my good friend 
+Mr. Denham, with whom I often spent an hour when I had leisure, he 
+dissuaded me from it, advising me to think only of returning to 
+Pennsilvania, which he was now about to do. 
+
+I must record one trait of this good man's character. He had formerly 
+been in business at Bristol, but failed in debt to a number of people, 
+compounded and went to America. There, by a close application to 
+business as a merchant, he acquir'd a plentiful fortune in a few years. 
+Returning to England in the ship with me, he invited his old creditors to an 
+entertainment, at which he thank'd them for the easy composition they had 
+favored him with, and, when they expected nothing but the treat, every 
+man at the first remove found under his plate an order on a banker for the 
+full amount of the unpaid remainder with interest. 
+
+He now told me he was about to return to Philadelphia, and should 
+carry over a great quantity of goods in order to open a store there. He 
+propos'd to take me over as his clerk, to keep his books, in which he would 
+instruct me, copy his letters, and attend the store. He added that, as soon as 
+I should be acquainted with mercantile business, he would promote me by 
+sending me with a cargo of flour and bread, etc., to the West Indies, and 
+procure me commissions from others which would be profitable; and, if I 
+manag'd well, would establish me handsomely. The thing pleas'd me; for I 
+was grown tired of London, remembered with pleasure the happy months I 
+had spent in Pennsylvania, and wish'd again to see it; therefore I 
+immediately agreed on the terms of fifty pounds a year, Pennsylvania 
+money; less, indeed, than my present gettings as a compositor, but 
+affording a better prospect. 
+
+I now took leave of printing, as I thought, for ever, and was daily 
+employed in my new business, going about with Mr. Denham among the 
+
+47 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+tradesmen to purchase various articles, and seeing them pack'd up, doing 
+errands, calling upon workmen to dispatch, etc.; and, when all was on 
+board, I had a few days' leisure. On one of these days, I was, to my 
+surprise, sent for by a great man I knew only by name, a Sir William 
+Wyndham, and I waited upon him. He had heard by some means or other 
+of my swimming from Chelsea to Blackfriar's, and of my teaching Wygate 
+and another young man to swim in a few hours. He had two sons, about to 
+set out on their travels; he wish'd to have them first taught swimming, and 
+proposed to gratify me handsomely if I would teach them. They were not 
+yet come to town, and my stay was uncertain, so I could not undertake it; 
+but, from this incident, I thought it likely that, if I were to remain in 
+England and open a swimming-school, I might get a good deal of money; 
+and it struck me so strongly, that, had the overture been sooner made me, 
+probably I should not so soon have returned to America. After many years, 
+you and I had something of more importance to do with one of these sons 
+of Sir William Wyndham, become Earl of Egremont, which I shall 
+mention in its place. 
+
+Thus I spent about eighteen months in London; most part of the time I 
+work'd hard at my business, and spent but little upon myself except in 
+seeing plays and in books. My friend Ralph had kept me poor; he owed 
+me about twenty-seven pounds, which I was now never likely to receive; a 
+great sum out of my small earnings! I lov'd him, notwithstanding, for he 
+had many amiable qualities. I had by no means improv'd my fortune; but I 
+had picked up some very ingenious acquaintance, whose conversation was 
+of great advantage to me; and I had read considerably. 
+
+We sail'd from Gravesend on the 23d of July, 1726. For the incidents 
+of the voyage, I refer you to my journal, where you will find them all 
+minutely related. Perhaps the most important part of that journal is the 
+plan<5> to be found in it, which I formed at sea, for regulating my future 
+conduct in life. It is the more remarkable, as being formed when I was so 
+young, and yet being pretty faithfully adhered to quite thro' to old age.
+
+ <5> The "Journal" was printed by Sparks, from a copy made at 
+Reading in 1787. But it does not contain the Plan. --Ed. 
+We landed in Philadelphia on the 11th of October, where I found 
+
+48 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+sundry alterations. Keith was no longer governor, being superseded by 
+Major Gordon. I met him walking the streets as a common citizen. He 
+seem'd a little asham'd at seeing me, but pass'd without saying anything. I 
+should have been as much asham'd at seeing Miss Read, had not her 
+friends, despairing with reason of my return after the receipt of my letter, 
+persuaded her to marry another, one Rogers, a potter, which was done in 
+my absence. With him, however, she was never happy, and soon parted 
+from him, refusing to cohabit with him or bear his name, it being now said 
+that he bad another wife. He was a worthless fellow, tho' an excellent 
+workman, which was the temptation to her friends. He got into debt, ran 
+away in 1727 or 1728, went to the West Indies, and died there. Keimer had 
+got a better house, a shop well supply'd with stationery, plenty of new 
+types, a number of hands, tho' none good, and seem'd to have a great deal 
+of business. 
+
+Mr. Denham took a store in Water-street, where we open'd our goods; I 
+attended the business diligently, studied accounts, and grew, in a little time, 
+expert at selling. We lodg'd and, boarded together; he counsell'd me as a 
+father, having a sincere regard for me. I respected and lov'd him, and we 
+might have gone on together very happy; but, in the beginning of February, 
+1726-7, when I had just pass'd my twenty-first year, we both were taken ill. 
+My distemper was a pleurisy, which very nearly carried me off. I suffered 
+a good deal, gave up the point in my own mind, and was rather 
+disappointed when I found myself recovering, regretting, in some degree, 
+that I must now, some time or other, have all that disagreeable work to do 
+over again. I forget what his distemper was; it held him a long time, and at 
+length carried him off. He left me a small legacy in a nuncupative will, as 
+a token of his kindness for me, and he left me once more to the wide world; 
+for the store was taken into the care of his executors, and my employment 
+under him ended. 
+
+My brother-in-law, Holmes, being now at Philadelphia, advised my 
+return to my business; and Keimer tempted me, with an offer of large 
+wages by the year, to come and take the management of his printing-house, 
+that he might better attend his stationer's shop. I had heard a bad character 
+of him in London from his wife and her friends, and was not fond of 
+
+49 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+having any more to do with him. I tri'd for farther employment as a 
+merchant's clerk; but, not readily meeting with any, I clos'd again with 
+Keimer. I found in his house these hands: Hugh Meredith, a Welsh 
+Pensilvanian, thirty years of age, bred to country work; honest, sensible, 
+had a great deal of solid observation, was something of a reader, but given 
+to drink. Stephen Potts, a young countryman of full age, bred to the same, 
+of uncommon natural parts, and great wit and humor, but a little idle. 
+These he had agreed with at extream low wages per week, to be rais'd a 
+shilling every three months, as they would deserve by improving in their 
+business; and the expectation of these high wages, to come on hereafter, 
+was what he had drawn them in with. Meredith was to work at press, Potts 
+at book-binding, which he, by agreement, was to teach them, though he 
+knew neither one nor t'other. John ----, a wild Irishman, brought up to no 
+business, whose service, for four years, Keimer had purchased from the 
+captain of a ship; he, too, was to be made a pressman. George Webb, an 
+Oxford scholar, whose time for four years he had likewise bought, 
+intending him for a compositor, of whom more presently; and David Harry, 
+a country boy, whom he had taken apprentice. 
+
+I soon perceiv'd that the intention of engaging me at wages so much 
+higher than he had been us'd to give, was, to have these raw, cheap hands 
+form'd thro' me; and, as soon as I had instructed them, then they being all 
+articled to him, he should be able to do without me. I went on, however, 
+very cheerfully, put his printing-house in order, which had been in great 
+confusion, and brought his hands by degrees to mind their business and to 
+do it better. 
+
+It was an odd thing to find an Oxford scholar in the situation of a 
+bought servant. He was not more than eighteen years of age, and gave me 
+this account of himself; that he was born in Gloucester, educated at a 
+grammar-school there, had been distinguish'd among the scholars for some 
+apparent superiority in performing his part, when they exhibited plays; 
+belong'd to the Witty Club there, and had written some pieces in prose and 
+verse, which were printed in the Gloucester newspapers; thence he was 
+sent to Oxford; where he continued about a year, but not well satisfi'd, 
+wishing of all things to see London, and become a player. At length, 
+
+50 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+receiving his quarterly allowance of fifteen guineas, instead of discharging 
+his debts he walk'd out of town, hid his gown in a furze bush, and footed it 
+to London, where, having no friend to advise him, he fell into bad 
+company, soon spent his guineas, found no means of being introduc'd 
+among the players, grew necessitous, pawn'd his cloaths, and wanted 
+bread. Walking the street very hungry, and not knowing what to do with 
+himself, a crimp's bill was put into his hand, offering immediate 
+entertainment and encouragement to such as would bind themselves to 
+serve in America. 
+
+He went directly, sign'd the indentures, was put into the ship, and came 
+over, never writing a line to acquaint his friends what was become of him. 
+He was lively, witty, good-natur'd, and a pleasant companion, but idle, 
+thoughtless, and imprudent to the last degree. 
+
+John, the Irishman, soon ran away; with the rest I began to live very 
+agreeably, for they all respected me the more, as they found Keimer 
+incapable of instructing them, and that from me they learned something 
+daily. We never worked on Saturday, that being Keimer's Sabbath, so I had 
+two days for reading. My acquaintance with ingenious people in the town 
+increased. Keimer himself treated me with great civility and apparent 
+regard, and nothing now made me uneasy but my debt to Vernon, which I 
+was yet unable to pay, being hitherto but a poor oeconomist. He, however, 
+kindly made no demand of it. 
+
+Our printing-house often wanted sorts, and there was no letter-founder 
+in America; I had seen types cast at James's in London, but without much 
+attention to the manner; however, I now contrived a mould, made use of 
+the letters we had as puncheons, struck the matrices in lead, And thus 
+supply'd in a pretty tolerable way all deficiencies. I also engrav'd several 
+things on occasion; I made the ink; I was warehouseman, and everything, 
+and, in short, quite a factotum. 
+
+But, however serviceable I might be, I found that my services became 
+every day of less importance, as the other hands improv'd in the business; 
+and, when Keimer paid my second quarter's wages, he let me know that he 
+felt them too heavy, and thought I should make an abatement. He grew by 
+degrees less civil, put on more of the master, frequently found fault, was 
+
+51 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+captious, and seem'd ready for an outbreaking. I went on, nevertheless, 
+with a good deal of patience, thinking that his encumber'd circumstances 
+were partly the cause. At length a trifle snapt our connections; for, a great 
+noise happening near the court-house, I put my head out of the window to 
+see what was the matter. Keimer, being in the street, look'd up and saw me, 
+call'd out to me in a loud voice and angry tone to mind my business, 
+adding some reproachful words, that nettled me the more for their 
+publicity, all the neighbors who were looking out on the same occasion 
+being witnesses how I was treated. He came up immediately into the 
+printing-house, continu'd the quarrel, high words pass'd on both sides, he 
+gave me the quarter's warning we had stipulated, expressing a wish that he 
+had not been oblig'd to so long a warning. I told him his wish was 
+unnecessary, for I would leave him that instant; and so, taking my hat, 
+walk'd out of doors, desiring Meredith, whom I saw below, to take care of 
+some things I left, and bring them to my lodgings. 
+
+Meredith came accordingly in the evening, when we talked my affair 
+over. He had conceiv'd a great regard for me, and was very unwilling that I 
+should leave the house while he remain'd in it. He dissuaded me from 
+returning to my native country, which I began to think of; he reminded me 
+that Keimer was in debt for all he possess'd; that his creditors began to be 
+uneasy; that he kept his shop miserably, sold often without profit for ready 
+money, and often trusted without keeping accounts; that he must therefore 
+fall, which would make a vacancy I might profit of. I objected my want of 
+money. He then let me know that his father had a high opinion of me, and, 
+from some discourse that had pass'd between them, he was sure would 
+advance money to set us up, if I would enter into partnership with him. 
+"My time," says he, "will be out with Keimer in the spring; by that time 
+we may have our press and types in from London. I am sensible I am no 
+workman; if you like it, your skill in the business shall be set against the 
+stock I furnish, and we will share the profits equally." 
+
+The proposal was agreeable, and I consented; his father was in town 
+and approv'd of it; the more as he saw I had great influence with his son, 
+had prevail'd on him to abstain long from dram-drinking, and he hop'd 
+might break him off that wretched habit entirely, when we came to be so 
+
+52 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+closely connected. I gave an inventory to the father, who carry'd it to a 
+merchant; the things were sent for, the secret was to be kept till they 
+should arrive, and in the mean time I was to get work, if I could, at the 
+other printing-house. But I found no vacancy there, and so remain'd idle a 
+few days, when Keimer, on a prospect of being employ'd to print some 
+paper money in New Jersey, which would require cuts and various types 
+that I only could supply, and apprehending Bradford might engage me and 
+get the jobb from him, sent me a very civil message, that old friends 
+should not part for a few words, the effect of sudden passion, and wishing 
+me to return. Meredith persuaded me to comply, as it would give more 
+opportunity for his improvement under my daily instructions; so I return'd, 
+and we went on more smoothly than for some time before. The New jersey 
+jobb was obtain'd, I contriv'd a copperplate press for it, the first that had 
+been seen in the country; I cut several ornaments and checks for the bills. 
+We went together to Burlington, where I executed the whole to satisfaction; 
+and he received so large a sum for the work as to be enabled thereby to 
+keep his head much longer above water. 
+
+At Burlington I made an acquaintance with many principal people of 
+the province. Several of them had been appointed by the Assembly a 
+committee to attend the press, and take care that no more bills were 
+printed than the law directed. They were therefore, by turns, constantly 
+with us, and generally he who attended, brought with him a friend or two 
+for company. My mind having been much more improv'd by reading than 
+Keimer's, I suppose it was for that reason my conversation seem'd to he 
+more valu'd. They had me to their houses, introduced me to their friends, 
+and show'd me much civility; while he, tho' the master, was a little 
+neglected. In truth, he was an odd fish; ignorant of common life, fond of 
+rudely opposing receiv'd opinions, slovenly to extream dirtiness, 
+enthusiastic in some points of religion, and a little knavish withal. 
+
+We continu'd there near three months; and by that time I could reckon 
+among my acquired friends, Judge Allen, Samuel Bustill, the secretary of 
+the Province, Isaac Pearson, Joseph Cooper, and several of the Smiths, 
+members of Assembly, and Isaac Decow, the surveyor-general. The latter 
+was a shrewd, sagacious old man, who told me that he began for himself, 
+
+53 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+when young, by wheeling clay for the brick-makers, learned to write after 
+be was of age, carri'd the chain for surveyors, who taught him surveying, 
+and he had now by his industry, acquir'd a good estate; and says he, "I 
+foresee that you will soon work this man out of business, and make a 
+fortune in it at Philadelphia." He had not then the least intimation of my 
+intention to set up there or anywhere. These friends were afterwards of 
+great use to me, as I occasionally was to some of them. They all continued 
+their regard for me as long as they lived. 
+
+Before I enter upon my public appearance in business, it may be well 
+to let you know the then state of my mind with regard to my principles and 
+morals, that you may see how far those influenc'd the future events of my 
+life. My parents had early given me religious impressions, and brought me 
+through my childhood piously in the Dissenting way. But I was scarce 
+fifteen, when, after doubting by turns of several points, as I found them 
+disputed in the different books I read, I began to doubt of Revelation itself. 
+Some books against Deism fell into my hands; they were said to be the 
+substance of sermons preached at Boyle's Lectures. It happened that they 
+wrought an effect on me quite contrary to what was intended by them; for 
+the arguments of the Deists, which were quoted to be refuted, appeared to 
+me much stronger than the refutations; in short, I soon became a thorough 
+Deist. My arguments perverted some others, particularly Collins and 
+Ralph; but, each of them having afterwards wrong'd me greatly without 
+the least compunction, and recollecting Keith's conduct towards me (who 
+was another freethinker), and my own towards Vernon and Miss Read, 
+which at times gave me great trouble, I began to suspect that this doctrine, 
+tho' it might be true, was not very useful. My London pamphlet, which 
+had for its motto these lines of Dryden: 
+
+"Whatever is, is right. Though purblind man Sees but a part o' the 
+chain, the nearest link: His eyes not carrying to the equal beam, That 
+poises all above;" 
+
+and from the attributes of God, his infinite wisdom, goodness and 
+power, concluded that nothing could possibly be wrong in the world, and 
+that vice and virtue were empty distinctions, no such things existing, 
+appear'd now not so clever a performance as I once thought it; and I 
+
+54 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+doubted whether some error had not insinuated itself unperceiv'd into my 
+argument, so as to infect all that follow'd, as is common in metaphysical 
+reasonings. 
+
+I grew convinc'd that truth, sincerity and integrity in dealings between 
+man and man were of the utmost importance to the felicity of life; and I 
+form'd written resolutions, which still remain in my journal book, to 
+practice them ever while I lived. Revelation had indeed no weight with me, 
+as such; but I entertain'd an opinion that, though certain actions might not 
+be bad because they were forbidden by it, or good because it commanded 
+them, yet probably these actions might be forbidden because they were 
+bad for us, or commanded because they were beneficial to us, in their own 
+natures, all the circumstances of things considered. And this persuasion, 
+with the kind hand of Providence, or some guardian angel, or accidental 
+favorable circumstances and situations, or all together, preserved me, thro' 
+this dangerous time of youth, and the hazardous situations I was 
+sometimes in among strangers, remote from the eye and advice of my 
+father, without any willful gross immorality or injustice, that might have 
+been expected from my want of religion. I say willful, because the 
+instances I have mentioned had something of necessity in them, from my 
+youth, inexperience, and the knavery of others. I had therefore a tolerable 
+character to begin the world with; I valued it properly, and determin'd to 
+preserve it. 
+
+We had not been long return'd to Philadelphia before the new types 
+arriv'd from London. We settled with Keimer, and left him by his consent 
+before he heard of it. We found a house to hire near the market, and took it. 
+To lessen the rent, which was then but twenty-four pounds a year, tho' I 
+have since known it to let for seventy, we took in Thomas Godfrey, a 
+glazier, and his family, who were to pay a considerable part of it to us, and 
+we to board with them. We had scarce opened our letters and put our press 
+in order, before George House, an acquaintance of mine, brought a 
+countryman to us, whom he had met in the street inquiring for a printer. 
+All our cash was now expended in the variety of particulars we had been 
+obliged to procure, and this countryman's five shillings, being our first-
+fruits, and coming so seasonably, gave me more pleasure than any crown I 
+
+55 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+have since earned; and the gratitude I felt toward House has made me 
+often more ready than perhaps I should otherwise have been to assist 
+young beginners. 
+
+There are croakers in every country, always boding its ruin. Such a one 
+then lived in Philadelphia; a person of note, an elderly man, with a wise 
+look and a very grave manner of speaking; his name was Samuel Mickle. 
+This gentleman, a stranger to me, stopt one day at my door, and asked me 
+if I was the young man who had lately opened a new printing-house. 
+Being answered in the affirmative, he said he was sorry for me, because it 
+was an expensive undertaking, and the expense would be lost; for 
+Philadelphia was a sinking place, the people already half-bankrupts, or 
+near being so; all appearances to the contrary, such as new buildings and 
+the rise of rents, being to his certain knowledge fallacious; for they were, 
+in fact, among the things that would soon ruin us. And he gave me such a 
+detail of misfortunes now existing, or that were soon to exist, that he left 
+me half melancholy. Had I known him before I engaged in this business, 
+probably I never should have done it. This man continued to live in this 
+decaying place, and to declaim in the same strain, refusing for many years 
+to buy a house there, because all was going to destruction; and at last I had 
+the pleasure of seeing him give five times as much for one as he might 
+have bought it for when he first began his croaking. 
+
+I should have mentioned before, that, in the autumn of the preceding 
+year, I had form'd most of my ingenious acquaintance into a club of 
+mutual improvement, which we called the JUNTO; we met on Friday 
+evenings. The rules that I drew up required that every member, in his turn, 
+should produce one or more queries on any point of Morals, Politics, or 
+Natural Philosophy, to be discuss'd by the company; and once in three 
+months produce and read an essay of his own writing, on any subject he 
+pleased. Our debates were to be under the direction of a president, and to 
+be conducted in the sincere spirit of inquiry after truth, without fondness 
+for dispute, or desire of victory; and, to prevent warmth, all expressions of 
+positiveness in opinions, or direct contradiction, were after some time 
+made contraband, and prohibited under small pecuniary penalties. 
+
+The first members were Joseph Breintnal, a copyer of deeds for the 
+
+56 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+scriveners, a good-natur'd, friendly, middle-ag'd man, a great lover of 
+poetry, reading all he could meet with, and writing some that was tolerable; 
+very ingenious in many little Nicknackeries, and of sensible conversation. 
+
+Thomas Godfrey, a self-taught mathematician, great in his way, and 
+afterward inventor of what is now called Hadley's Quadrant. But he knew 
+little out of his way, and was not a pleasing companion; as, like most great 
+mathematicians I have met with, he expected universal precision in 
+everything said, or was for ever denying or distinguishing upon trifles, to 
+the disturbance of all conversation. He soon left us. 
+
+Nicholas Scull, a surveyor, afterwards surveyor-general, who lov'd 
+books, and sometimes made a few verses. 
+
+William Parsons, bred a shoemaker, but loving reading, had acquir'd a 
+considerable share of mathematics, which he first studied with a view to 
+astrology, that he afterwards laught at it. He also became surveyor-general. 
+
+William Maugridge, a joiner, a most exquisite mechanic, and a solid, 
+sensible man. 
+
+Hugh Meredith, Stephen Potts, and George Webb I have characteriz'd 
+before. 
+
+Robert Grace, a young gentleman of some fortune, generous, lively, 
+and witty; a lover of punning and of his friends. 
+
+And William Coleman, then a merchant's clerk, about my age, who 
+had the coolest, dearest head, the best heart, and the exactest morals of 
+almost any man I ever met with. He became afterwards a merchant of 
+great note, and one of our provincial judges. Our friendship continued 
+without interruption to his death, upward of forty years; and the club 
+continued almost as long, and was the best school of philosophy, morality, 
+and politics that then existed in the province; for our queries, which were 
+read the week preceding their discussion, put us upon reading with 
+attention upon the several subjects, that we might speak more to the 
+purpose; and here, too, we acquired better habits of conversation, every 
+thing being studied in our rules which might prevent our disgusting each 
+other. From hence the long continuance of the club, which I shall have 
+frequent occasion to speak further of hereafter. 
+
+But my giving this account of it here is to show something of the 
+
+57 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+interest I had, every one of these exerting themselves in recommending 
+business to us. Breintnal particularly procur'd us from the Quakers the 
+printing forty sheets of their history, the rest being to be done by Keimer; 
+and upon this we work'd exceedingly hard, for the price was low. It was a 
+folio, pro patria size, in pica, with long primer notes. I compos'd of it a 
+sheet a day, and Meredith worked it off at press; it was often eleven at 
+night, and sometimes later, before I had finished my distribution for the 
+next day's work, for the little jobbs sent in by our other friends now and 
+then put us back. But so determin'd I was to continue doing a sheet a day 
+of the folio, that one night, when, having impos'd my forms, I thought my 
+day's work over, one of them by accident was broken, and two pages 
+reduced to pi, I immediately distributed and compos'd it over again before 
+I went to bed; and this industry, visible to our neighbors, began to give us 
+character and credit; particularly, I was told, that mention being made of 
+the new printing-office at the merchants' Every-night club, the general 
+opinion was that it must fail, there being already two printers in the place, 
+Keimer and Bradford; but Dr. Baird (whom you and I saw many years 
+after at his native place, St. Andrew's in Scotland) gave a contrary opinion: 
+"For the industry of that Franklin," says he, "is superior to any thing I ever 
+saw of the kind; I see him still at work when I go home from club, and he 
+is at work again before his neighbors are out of bed." This struck the rest, 
+and we soon after had offers from one of them to supply us with stationery; 
+but as yet we did not chuse to engage in shop business. 
+
+I mention this industry the more particularly and the more freely, tho' it 
+seems to be talking in my own praise, that those of my posterity, who shall 
+read it, may know the use of that virtue, when they see its effects in my 
+favour throughout this relation. 
+
+George Webb, who had found a female friend that lent him wherewith 
+to purchase his time of Keimer, now came to offer himself as a 
+journeyman to us. We could not then employ him; but I foolishly let him 
+know as a secret that I soon intended to begin a newspaper, and might then 
+have work for him. My hopes of success, as I told him, were founded on 
+this, that the then only newspaper, printed by Bradford, was a paltry thing, 
+wretchedly manag'd, no way entertaining, and yet was profitable to him; I 
+
+58 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+therefore thought a good paper would scarcely fail of good encouragement. 
+I requested Webb not to mention it; but he told it to Keimer, who 
+immediately, to be beforehand with me, published proposals for printing 
+one himself, on which Webb was to be employ'd. I resented this; and, to 
+counteract them, as I could not yet begin our paper, I wrote several pieces 
+of entertainment for Bradford's paper, under the title of the BUSY BODY, 
+which Breintnal continu'd some months. By this means the attention of the 
+publick was fixed on that paper, and Keimer's proposals, which we 
+burlesqu'd and ridicul'd, were disregarded. He began his paper, however, 
+and, after carrying it on three quarters of a year, with at most only ninety 
+subscribers, he offered it to me for a trifle; and I, having been ready some 
+time to go on with it, took it in hand directly; and it prov'd in a few years 
+extremely profitable to me. 
+
+I perceive that I am apt to speak in the singular number, though our 
+partnership still continu'd; the reason may be that, in fact, the whole 
+management of the business lay upon me. Meredith was no compositor, a 
+poor pressman, and seldom sober. My friends lamented my connection 
+with him, but I was to make the best of it. 
+
+Our first papers made a quite different appearance from any before in 
+the province; a better type, and better printed; but some spirited remarks of 
+my writing, on the dispute then going on between Governor Burnet and 
+the Massachusetts Assembly, struck the principal people, occasioned the 
+paper and the manager of it to be much talk'd of, and in a few weeks 
+brought them all to be our subscribers. 
+
+Their example was follow'd by many, and our number went on 
+growing continually. This was one of the first good effects of my having 
+learnt a little to scribble; another was, that the leading men, seeing a 
+newspaper now in the hands of one who could also handle a pen, thought 
+it convenient to oblige and encourage me. Bradford still printed the votes, 
+and laws, and other publick business. He had printed an address of the 
+House to the governor, in a coarse, blundering manner, we reprinted it 
+elegantly and correctly, and sent one to every member. They were sensible 
+of the difference: it strengthened the hands of our friends in the House, 
+and they voted us their printers for the year ensuing. 
+
+59 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+Among my friends in the House I must not forget Mr. Hamilton, 
+before mentioned, who was then returned from England, and had a seat in 
+it. He interested himself for me strongly in that instance, as he did in many 
+others afterward, continuing his patronage till his death.<6> 
+
+<6> I got his son once L500.--[Marg. note.] 
+Mr. Vernon, about this time, put me in mind of the debt I ow'd him, but 
+did not press me. I wrote him an ingenuous letter of acknowledgment, 
+crav'd his forbearance a little longer, which he allow'd me, and as soon as I 
+was able, I paid the principal with interest, and many thanks; so that 
+erratum was in some degree corrected. 
+
+But now another difficulty came upon me which I had never the least 
+reason to expect. Mr. Meredith's father, who was to have paid for our 
+printing-house, according to the expectations given me, was able to 
+advance only one hundred pounds currency, which had been paid; and a 
+hundred more was due to the merchant, who grew impatient, and su'd us 
+all. We gave bail, but saw that, if the money could not be rais'd in time, the 
+suit must soon come to a judgment and execution, and our hopeful 
+prospects must, with us, be ruined, as the press and letters must be sold for 
+payment, perhaps at half price. 
+
+In this distress two true friends, whose kindness I have never forgotten, 
+nor ever shall forget while I can remember any thing, came to me 
+separately, unknown to each other, and, without any application from me, 
+offering each of them to advance me all the money that should be 
+necessary to enable me to take the whole business upon myself, if that 
+should be practicable; but they did not like my continuing the partnership 
+with Meredith, who, as they said, was often seen drunk in the streets, and 
+playing at low games in alehouses, much to our discredit. These two 
+friends were William Coleman and Robert Grace. I told them I could not 
+propose a separation while any prospect remain'd of the Merediths' 
+fulfilling their part of our agreement, because I thought myself under great 
+obligations to them for what they had done, and would do if they could; 
+but, if they finally fail'd in their performance, and our partnership must be 
+dissolv'd, I should then think myself at liberty to accept the assistance of 
+my friends. 
+
+60 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+Thus the matter rested for some time, when I said to my partner, 
+"Perhaps your father is dissatisfied at the part you have undertaken in this 
+affair of ours, and is unwilling to advance for you and me what he would 
+for you alone. If that is the case, tell me, and I will resign the whole to you, 
+and go about my business." "No," said he, "my father has really been 
+disappointed, and is really unable; and I am unwilling to distress him 
+farther. I see this is a business I am not fit for. I was bred a farmer, and it 
+was a folly in me to come to town, and put myself, at thirty years of age, 
+an apprentice to learn a new trade. Many of our Welsh people are going to 
+settle in North Carolina, where land is cheap. I am inclin'd to go with them, 
+and follow my old employment. You may find friends to assist you. If you 
+will take the debts of the company upon you; return to my father the 
+hundred pound he has advanced; pay my little personal debts, and give me 
+thirty pounds and a new saddle, I will relinquish the partnership, and leave 
+the whole in your hands." I agreed to this proposal: it was drawn up in 
+writing, sign'd, and seal'd immediately. I gave him what he demanded, and 
+he went soon after to Carolina, from whence he sent me next year two 
+long letters, containing the best account that had been given of that 
+country, the climate, the soil, husbandry, etc., for in those matters he was 
+very judicious. I printed them in the papers, and they gave great 
+satisfaction to the publick. 
+
+As soon as he was gone, I recurr'd to my two friends; and because I 
+would not give an unkind preference to either, I took half of what each had 
+offered and I wanted of one, and half of the other; paid off the company's 
+debts, and went on with the business in my own name, advertising that the 
+partnership was dissolved. I think this was in or about the year 1729. 
+
+About this time there was a cry among the people for more paper 
+money, only fifteen thousand pounds being extant in the province, and that 
+soon to be sunk. The wealthy inhabitants oppos'd any addition, being 
+against all paper currency, from an apprehension that it would depreciate, 
+as it had done in New England, to the prejudice of all creditors. We had 
+discuss'd this point in our Junto, where I was on the side of an addition, 
+being persuaded that the first small sum struck in 1723 had done much 
+good by increasing the trade, employment, and number of inhabitants in 
+
+61 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+the province, since I now saw all the old houses inhabited, and many new 
+ones building; whereas I remembered well, that when I first walk'd about 
+the streets of Philadelphia, eating my roll, I saw most of the houses in 
+Walnut-street, between Second and Front streets, with bills on their doors, 
+"To be let"; and many likewise in Chestnut-street and other streets, which 
+made me then think the inhabitants of the city were deserting it one after 
+another. 
+
+Our debates possess'd me so fully of the subject, that I wrote and 
+printed an anonymous pamphlet on it, entitled "The Nature and Necessity 
+of a Paper Currency." It was well receiv'd by the common people in 
+general; but the rich men dislik'd it, for it increas'd and strengthen'd the 
+clamor for more money, and they happening to have no writers among 
+them that were able to answer it, their opposition slacken'd, and the point 
+was carried by a majority in the House. My friends there, who conceiv'd I 
+had been of some service, thought fit to reward me by employing me in 
+printing the money; a very profitable jobb and a great help to me. This was 
+another advantage gain'd by my being able to write. 
+
+The utility of this currency became by time and experience so evident 
+as never afterwards to be much disputed; so that it grew soon to fifty-five 
+thousand pounds, and in 1739 to eighty thousand pounds, since which it 
+arose during war to upwards of three hundred and fifty thousand pounds, 
+trade, building, and inhabitants all the while increasing, till I now think 
+there are limits beyond which the quantity may be hurtful. 
+
+I soon after obtain'd, thro' my friend Hamilton, the printing of the 
+Newcastle paper money, another profitable jobb as I then thought it; small 
+things appearing great to those in small circumstances; and these, to me, 
+were really great advantages, as they were great encouragements. He 
+procured for me, also, the printing of the laws and votes of that 
+government, which continu'd in my hands as long as I follow'd the 
+business. 
+
+I now open'd a little stationer's shop. I had in it blanks of all sorts, the 
+correctest that ever appear'd among us, being assisted in that by my friend 
+Breintnal. I had also paper, parchment, chapmen's books, etc. One 
+Whitemash, a compositor I had known in London, an excellent workman, 
+
+62 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+now came to me, and work'd with me constantly and diligently; and I took 
+an apprentice, the son of Aquila Rose. 
+
+I began now gradually to pay off the debt I was under for the printing-
+house. In order to secure my credit and character as a tradesman, I took 
+care not only to be in reality industrious and frugal, but to avoid all 
+appearances to the contrary. I drest plainly; I was seen at no places of idle 
+diversion. I never went out a fishing or shooting; a book, indeed, 
+sometimes debauch'd me from my work, but that was seldom, snug, and 
+gave no scandal; and, to show that I was not above my business, I 
+sometimes brought home the paper I purchas'd at the stores thro' the 
+streets on a wheelbarrow. Thus being esteem'd an industrious, thriving 
+young man, and paying duly for what I bought, the merchants who 
+imported stationery solicited my custom; others proposed supplying me 
+with books, and I went on swimmingly. In the mean time, Keimer's credit 
+and business declining daily, he was at last forc'd to sell his printing house 
+to satisfy his creditors. He went to Barbadoes, and there lived some years 
+in very poor circumstances. 
+
+His apprentice, David Harry, whom I had instructed while I work'd 
+with him, set up in his place at Philadelphia, having bought his materials. I 
+was at first apprehensive of a powerful rival in Harry, as his friends were 
+very able, and had a good deal of interest. I therefore propos'd a partnership 
+to him which he, fortunately for me, rejected with scorn. He was very 
+proud, dress'd like a gentleman, liv'd expensively, took much diversion 
+and pleasure abroad, ran in debt, and neglected his business; upon which, 
+all business left him; and, finding nothing to do, he followed Keimer to 
+Barbadoes, taking the printing-house with him. There this apprentice 
+employ'd his former master as a journeyman; they quarrel'd often; Harry 
+went continually behindhand, and at length was forc'd to sell his types and 
+return to his country work in Pensilvania. The person that bought them 
+employ'd Keimer to use them, but in a few years he died. 
+
+There remained now no competitor with me at Philadelphia but the old 
+one, Bradford; who was rich and easy, did a little printing now and then by 
+straggling hands, but was not very anxious about the business. However, 
+as he kept the post-office, it was imagined he had better opportunities of 
+
+63 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+obtaining news; his paper was thought a better distributer of 
+advertisements than mine, and therefore had many, more, which was a 
+profitable thing to him, and a disadvantage to me; for, tho' I did indeed 
+receive and send papers by the post, yet the publick opinion was otherwise, 
+for what I did send was by bribing the riders, who took them privately, 
+Bradford being unkind enough to forbid it, which occasion'd some 
+resentment on my part; and I thought so meanly of him for it, that, when I 
+afterward came into his situation, I took care never to imitate it. 
+
+I had hitherto continu'd to board with Godfrey, who lived in part of my 
+house with his wife and children, and had one side of the shop for his 
+glazier's business, tho' he worked little, being always absorbed in his 
+mathematics. Mrs. Godfrey projected a match for me with a relation's 
+daughter, took opportunities of bringing us often together, till a serious 
+courtship on my part ensu'd, the girl being in herself very deserving. The 
+old folks encourag'd me by continual invitations to supper, and by leaving 
+us together, till at length it was time to explain. Mrs. Godfrey manag'd our 
+little treaty. I let her know that I expected as much money with their 
+daughter as would pay off my remaining debt for the printing-house, 
+which I believe was not then above a hundred pounds. She brought me 
+word they had no such sum to spare; I said they might mortgage their 
+house in the loan-office. The answer to this, after some days, was, that 
+they did not approve the match; that, on inquiry of Bradford, they had 
+been inform'd the printing business was not a profitable one; the types 
+would soon be worn out, and more wanted; that S. Keimer and D. Harry 
+had failed one after the other, and I should probably soon follow them; and, 
+therefore, I was forbidden the house, and the daughter shut up. 
+
+Whether this was a real change of sentiment or only artifice, on a 
+supposition of our being too far engaged in affection to retract, and 
+therefore that we should steal a marriage, which would leave them at 
+liberty to give or withhold what they pleas'd, I know not; but I suspected 
+the latter, resented it, and went no more. Mrs. Godfrey brought me 
+afterward some more favorable accounts of their disposition, and would 
+have drawn me on again; but I declared absolutely my resolution to have 
+nothing more to do with that family. This was resented by the Godfreys; 
+
+64 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+we differ'd, and they removed, leaving me the whole house, and I resolved 
+to take no more inmates. 
+
+But this affair having turned my thoughts to marriage, I look'd round 
+me and made overtures of acquaintance in other places; but soon found 
+that, the business of a printer being generally thought a poor one, I was not 
+to expect money with a wife, unless with such a one as I should not 
+otherwise think agreeable. In the mean time, that hard-to-be-governed 
+passion of youth hurried me frequently into intrigues with low women that 
+fell in my way, which were attended with some expense and great 
+inconvenience, besides a continual risque to my health by a distemper 
+which of all things I dreaded, though by great good luck I escaped it. A 
+friendly correspondence as neighbors and old acquaintances had continued 
+between me and Mrs. Read's family, who all had a regard for me from the 
+time of my first lodging in their house. I was often invited there and 
+consulted in their affairs, wherein I sometimes was of service. I piti'd poor 
+Miss Read's unfortunate situation, who was generally dejected, seldom 
+cheerful, and avoided company. I considered my giddiness and 
+inconstancy when in London as in a great degree the cause of her 
+unhappiness, tho' the mother was good enough to think the fault more her 
+own than mine, as she had prevented our marrying before I went thither, 
+and persuaded the other match in my absence. Our mutual affection was 
+revived, but there were now great objections to our union. The match was 
+indeed looked upon as invalid, a preceding wife being said to be living in 
+England; but this could not easily be prov'd, because of the distance; and, 
+tho' there was a report of his death, it was not certain. Then, tho' it should 
+be true, he had left many debts, which his successor might be call'd upon 
+to pay. We ventured, however, over all these difficulties, and I took her to 
+wife, September 1st, 1730. None of the inconveniences happened that we 
+had apprehended, she proved a good and faithful helpmate, assisted me 
+much by attending the shop; we throve together, and have ever mutually 
+endeavored to make each other happy. Thus I corrected that great erratum 
+as well as I could. 
+
+About this time, our club meeting, not at a tavern, but in a little room 
+of Mr. Grace's, set apart for that purpose, a proposition was made by me, 
+
+65 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+that, since our books were often referr'd to in our disquisitions upon the 
+queries, it might be convenient to us to have them altogether where we 
+met, that upon occasion they might be consulted; and by thus clubbing our 
+books to a common library, we should, while we lik'd to keep them 
+together, have each of us the advantage of using the books of all the other 
+members, which would be nearly as beneficial as if each owned the whole. 
+It was lik'd and agreed to, and we fill'd one end of the room with such 
+books as we could best spare. The number was not so great as we expected; 
+and tho' they had been of great use, yet some inconveniences occurring for 
+want of due care of them, the collection, after about a year, was separated, 
+and each took his books home again 
+
+And now I set on foot my first project of a public nature, that for a 
+subscription library. I drew up the proposals, got them put into form by 
+our great scrivener, Brockden, and, by the help of my friends in the Junto, 
+procured fifty subscribers of forty shillings each to begin with, and ten 
+shillings a year for fifty years, the term our company was to continue. We 
+afterwards obtain'd a charter, the company being increased to one hundred: 
+this was the mother of all the North American subscription libraries, now 
+so numerous. It is become a great thing itself, and continually increasing. 
+These libraries have improved the general conversation of the Americans, 
+made the common tradesmen and farmers as intelligent as most gentlemen 
+from other countries, and perhaps have contributed in some degree to the 
+stand so generally made throughout the colonies in defense of their 
+privileges. 
+
+Memo. Thus far was written with the intention express'd in the 
+beginning and therefore contains several little family anecdotes of no 
+importance to others. What follows was written many years after in 
+compliance with the advice contain'd in these letters, and accordingly 
+intended for the public. The affairs of the Revolution occasion'd the 
+interruption. 
+
+Letter from Mr. Abel James, with Notes of my Life (received in 
+Paris). 
+"MY DEAR AND HONORED FRIEND: I have often been desirous of 
+writing to thee, but could not be reconciled to the thought that the letter 
+
+66 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+might fall into the hands of the British, lest some printer or busy-body 
+should publish some part of the contents, and give our friend pain, and 
+myself censure. 
+
+"Some time since there fell into my hands, to my great joy, about 
+twenty-three sheets in thy own handwriting, containing an account of the 
+parentage and life of thyself, directed to thy son, ending in the year 1730, 
+with which there were notes, likewise in thy writing; a copy of which I 
+inclose, in hopes it may be a means, if thou continued it up to a later 
+period, that the first and latter part may be put together; and if it is not yet 
+continued, I hope thee will not delay it. Life is uncertain, as the preacher 
+tells us; and what will the world say if kind, humane, and benevolent Ben. 
+Franklin should leave his friends and the world deprived of so pleasing 
+and profitable a work; a work which would be useful and entertaining not 
+only to a few, but to millions? The influence writings under that class have 
+on the minds of youth is very great, and has nowhere appeared to me so 
+plain, as in our public friend's journals. It almost insensibly leads the 
+youth into the resolution of endeavoring to become as good and eminent 
+as the journalist. Should thine, for instance, when published (and I think it 
+could not fail of it), lead the youth to equal the industry and temperance of 
+thy early youth, what a blessing with that class would such a work be! I 
+know of no character living, nor many of them put together, who has so 
+much in his power as thyself to promote a greater spirit of industry and 
+early attention to business, frugality, and temperance with the American 
+youth. Not that I think the work would have no other merit and use in the 
+world, far from it; but the first is of such vast importance that I know 
+nothing that can equal it." 
+
+The foregoing letter and the minutes accompanying it being shown to 
+a friend, I received from him the following: 
+
+Letter from Mr. Benjamin Vaughan. "PARIS, January 31, 1783. 
+
+"My DEAREST SIR: When I had read over your sheets of minutes of 
+the principal incidents of your life, recovered for you by your Quaker 
+acquaintance, I told you I would send you a letter expressing my reasons 
+why I thought it would be useful to complete and publish it as he desired. 
+Various concerns have for some time past prevented this letter being 
+
+67 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+written, and I do not know whether it was worth any expectation; 
+happening to be at leisure, however, at present, I shall by writing, at least 
+interest and instruct myself; but as the terms I am inclined to use may tend 
+to offend a person of your manners, I shall only tell you how I would 
+address any other person, who was as good and as great as yourself, but 
+less diffident. I would say to him, Sir, I solicit the history of your life from 
+the following motives: Your history is so remarkable, that if you do not 
+give it, somebody else will certainly give it; and perhaps so as nearly to do 
+as much harm, as your own management of the thing might do good. It 
+will moreover present a table of the internal circumstances of your country, 
+which will very much tend to invite to it settlers of virtuous and manly 
+minds. And considering the eagerness with which such information is 
+sought by them, and the extent of your reputation, I do not know of a more 
+efficacious advertisement than your biography would give. All that has 
+happened to you is also connected with the detail of the manners and 
+situation of a rising people; and in this respect I do not think that the 
+writings of Caesar and Tacitus can be more interesting to a true judge of 
+human nature and society. But these, sir, are small reasons, in my opinion, 
+compared with the chance which your life will give for the forming of 
+future great men; and in conjunction with your Art of Virtue (which you 
+design to publish) of improving the features of private character, and 
+consequently of aiding all happiness, both public and domestic. The two 
+works I allude to, sir, will in particular give a noble rule and example of 
+self-education. School and other education constantly proceed upon false 
+principles, and show a clumsy apparatus pointed at a false mark; but your 
+apparatus is simple, and the mark a true one; and while parents and young 
+persons are left destitute of other just means of estimating and becoming 
+prepared for a reasonable course in life, your discovery that the thing is in 
+many a man's private power, will be invaluable! Influence upon the private 
+character, late in life, is not only an influence late in life, but a weak 
+influence. It is in youth that we plant our chief habits and prejudices; it is 
+in youth that we take our party as to profession, pursuits and matrimony. 
+In youth, therefore, the turn is given; in youth the education even of the 
+next generation is given; in youth the private and public character is 
+
+68 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+determined; and the term of life extending but from youth to age, life 
+ought to begin well from youth, and more especially before we take our 
+party as to our principal objects. But your biography will not merely teach 
+self-education, but the education of a wise man; and the wisest man will 
+receive lights and improve his progress, by seeing detailed the conduct of 
+another wise man. And why are weaker men to be deprived of such helps, 
+when we see our race has been blundering on in the dark, almost without a 
+guide in this particular, from the farthest trace of time? Show then, sir, 
+how much is to be done, both to sons and fathers; and invite all wise men 
+to become like yourself, and other men to become wise. When we see how 
+cruel statesmen and warriors can be to the human race, and how absurd 
+distinguished men can be to their acquaintance, it will be instructive to 
+observe the instances multiply of pacific, acquiescing manners; and to find 
+how compatible it is to be great and domestic, enviable and yet good-
+humored. 
+
+"The little private incidents which you will also have to relate, will 
+have considerable use, as we want, above all things, rules of prudence in 
+ordinary affairs; and it will be curious to see how you have acted in these. 
+It will be so far a sort of key to life, and explain many things that all men 
+ought to have once explained to them, to give, them a chance of becoming 
+wise by foresight. The nearest thing to having experience of one's own, is 
+to have other people's affairs brought before us in a shape that is 
+interesting; this is sure to happen from your pen; our affairs and 
+management will have an air of simplicity or importance that will not fail 
+to strike; and I am convinced you have conducted them with as much 
+originality as if you had been conducting discussions in politics or 
+philosophy; and what more worthy of experiments and system (its 
+importance and its errors considered) than human life? 
+
+"Some men have been virtuous blindly, others have speculated 
+fantastically, and others have been shrewd to bad purposes; but you, sir, I 
+am sure, will give under your hand, nothing but what is at the same 
+moment, wise, practical and good, your account of yourself (for I suppose 
+the parallel I am drawing for Dr. Franklin, will hold not only in point of 
+character, but of private history) will show that you are ashamed of no 
+
+69 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+origin; a thing the more important, as you prove how little necessary all 
+origin is to happiness, virtue, or greatness. As no end likewise happens 
+without a means, so we shall find, sir, that even you yourself framed a plan 
+by which you became considerable; but at the same time we may see that 
+though the event is flattering,the means are as simple as wisdom could 
+make them;that is, depending upon nature, virtue, thought and 
+habit.Another thing demonstrated will be the propriety of everyman's 
+waiting for his time for appearing upon the stage of the world. Our 
+sensations being very much fixed to the moment, we are apt to forget that 
+more moments are to follow the first, and consequently that man should 
+arrange his conduct so as to suit the whole of a life. Your attribution 
+appears to have been applied to your life, and the passing moments of it 
+have been enlivened with content and enjoyment instead of being 
+tormented with foolish impatience or regrets. Such a conduct is easy for 
+those who make virtue and themselves in countenance by examples of 
+other truly great men, of whom patience is so often the characteristic. Your 
+Quaker correspondent, sir (for here again I will suppose the subject of my 
+letter resembling Dr. Franklin), praised your frugality, diligence and 
+temperance, which he considered as a pattern for all youth; but it is 
+singular that he should have forgotten your modesty and your 
+disinterestedness, without which you never could have waited for your 
+advancement, or found your situation in the mean time comfortable; which 
+is a strong lesson to show the poverty of glory and the importance of 
+regulating our minds. If this correspondent had known the nature of your 
+reputation as well as I do, he would have said, Your former writings and 
+measures would secure attention to your Biography, and Art of Virtue; and 
+your Biography and Art of Virtue, in return, would secure attention to 
+them. This is an advantage attendant upon a various character, and which 
+brings all that belongs to it into greater play; and it is the more useful, as 
+perhaps more persons are at a loss for the means of improving their minds 
+and characters, than they are for the time or the inclination to do it. But 
+there is one concluding reflection, sir, that will shew the use of your life as 
+a mere piece of biography. This style of writing seems a little gone out of 
+vogue, and yet it is a very useful one; and your specimen of it may be 
+
+70 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+particularly serviceable, as it will make a subject of comparison with the 
+lives of various public cutthroats and intriguers, and with absurd monastic 
+self-tormentors or vain literary triflers. If it encourages more writings of 
+the same kind with your own, and induces more men to spend lives fit to 
+be written, it will be worth all Plutarch's Lives put together. But being 
+tired of figuring to myself a character of which every feature suits only 
+one man in the world, without giving him the praise of it, I shall end my 
+letter, my dear Dr. Franklin, with a personal application to your proper self. 
+I am earnestly desirous, then, my dear sir, that you should let the world 
+into the traits of your genuine character, as civil broils nay otherwise tend 
+to disguise or traduce it. Considering your great age, the caution of your 
+character, and your peculiar style of thinking, it is not likely that any one 
+besides yourself can be sufficiently master of the facts of your life, or the 
+intentions of your mind. Besides all this, the immense revolution of the 
+present period, will necessarily turn our attention towards the author of it, 
+and when virtuous principles have been pretended in it, it will be highly 
+important to shew that such have really influenced; and, as your own 
+character will be the principal one to receive a scrutiny, it is proper (even 
+for its effects upon your vast and rising country, as well as upon England 
+and upon Europe) that it should stand respectable and eternal. For the 
+furtherance of human happiness, I have always maintained that it is 
+necessary to prove that man is not even at present a vicious and detestable 
+animal; and still more to prove that good management may greatly amend 
+him; and it is for much the same reason, that I am anxious to see the 
+opinion established, that there are fair characters existing among the 
+individuals of the race; for the moment that all men, without exception, 
+shall be conceived abandoned, good people will cease efforts deemed to 
+be hopeless, and perhaps think of taking their share in the scramble of life, 
+or at least of making it comfortable principally for themselves. Take then, 
+my dear sir, this work most speedily into hand: shew yourself good as you 
+are good; temperate as you are temperate; and above all things, prove 
+yourself as one, who from your infancy have loved justice, liberty and 
+concord, in a way that has made it natural and consistent for you to have 
+acted, as we have seen you act in the last seventeen years of your life. Let 
+
+71 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+Englishmen be made not only to respect, but even to love you. When they 
+think well of individuals in your native country, they will go nearer to 
+thinking well of your country; and when your countrymen see themselves 
+well thought of by Englishmen, they will go nearer to thinking well of 
+England. Extend your views even further; do not stop at those who speak 
+the English tongue, but after having settled so many points in nature and 
+politics, think of bettering the whole race of men. As I have not read any 
+part of the life in question, but know only the character that lived it, I write 
+somewhat at hazard. I am sure, however, that the life and the treatise I 
+allude to (on the Art of Virtue) will necessarily fulfil the chief of my 
+expectations; and still more so if you take up the measure of suiting these 
+performances to the several views above stated. Should they even prove 
+unsuccessful in all that a sanguine admirer of yours hopes from them, you 
+will at least have framed pieces to interest the human mind; and whoever 
+gives a feeling of pleasure that is innocent to man, has added so much to 
+the fair side of a life otherwise too much darkened by anxiety and too 
+much injured by pain. In the hope, therefore, that you will listen to the 
+prayer addressed to you in this letter, I beg to subscribe myself, my dearest 
+sir, etc., etc.,
+
+ "Signed, BENJ. VAUGHAN." 
+
+Continuation of the Account of my Life, begun at Passy, near Paris, 
+1784. 
+
+It is some time since I receiv'd the above letters, but I have been too 
+busy till now to think of complying with the request they contain. It might, 
+too, be much better done if I were at home among my papers, which 
+would aid my memory, and help to ascertain dates; but my return being 
+uncertain and having just now a little leisure, I will endeavor to recollect 
+and write what I can; if I live to get home, it may there be corrected and 
+improv'd. 
+
+Not having any copy here of what is already written, I know not 
+whether an account is given of the means I used to establish the 
+Philadelphia public library, which, from a small beginning, is now become 
+so considerable, though I remember to have come down to near the time of 
+that transaction (1730). I will therefore begin here with an account of it, 
+
+72 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+which may be struck out if found to have been already given. 
+
+At the time I establish'd myself in Pennsylvania, there was not a good 
+bookseller's shop in any of the colonies to the southward of Boston. In 
+New York and Philad'a the printers were indeed stationers; they sold only 
+paper, etc., almanacs, ballads, and a few common school-books. Those 
+who lov'd reading were oblig'd to send for their books from England; the 
+members of the Junto had each a few. We had left the alehouse, where we 
+first met, and hired a room to hold our club in. I propos'd that we should 
+all of us bring our books to that room, where they would not only be ready 
+to consult in our conferences, but become a common benefit, each of us 
+being at liberty to borrow such as he wish'd to read at home. This was 
+accordingly done, and for some time contented us. 
+
+Finding the advantage of this little collection, I propos'd to render the 
+benefit from books more common, by commencing a public subscription 
+library. I drew a sketch of the plan and rules that would be necessary, and 
+got a skilful conveyancer, Mr. Charles Brockden, to put the whole in form 
+of articles of agreement to be subscribed, by which each subscriber 
+engag'd to pay a certain sum down for the first purchase of books, and an 
+annual contribution for increasing them. So few were the readers at that 
+time in Philadelphia, and the majority of us so poor, that I was not able, 
+with great industry, to find more than fifty persons, mostly young 
+tradesmen, willing to pay down for this purpose forty shillings each, and 
+ten shillings per annum. On this little fund we began. The books were 
+imported; the library wag opened one day in the week for lending to the 
+subscribers, on their promissory notes to pay double the value if not duly 
+returned. The institution soon manifested its utility, was imitated by other 
+towns, and in other provinces. The libraries were augmented by donations; 
+reading became fashionable; and our people, having no publick 
+amusements to divert their attention from study, became better acquainted 
+with books, and in a few years were observ'd by strangers to be better 
+instructed and more intelligent than people of the same rank generally are 
+in other countries. 
+
+When we were about to sign the above-mentioned articles, which were 
+to be binding upon us, our heirs, etc., for fifty years, Mr. Brockden, the 
+
+73 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+scrivener, said to us, "You are young men, but it is scarcely probable that 
+any of you will live to see the expiration of the term fix'd in the 
+instrument." A number of us, however, are yet living; but the instrument 
+was after a few years rendered null by a charter that incorporated and gave 
+perpetuity to the company. 
+
+The objections and reluctances I met with in soliciting the 
+subscriptions, made me soon feel the impropriety of presenting one's self 
+as the proposer of any useful project, that might be suppos'd to raise one's 
+reputation in the smallest degree above that of one's neighbors, when one 
+has need of their assistance to accomplish that project. I therefore put 
+myself as much as I could out of sight, and stated it as a scheme of a 
+number of friends, who had requested me to go about and propose it to 
+such as they thought lovers of reading. In this way my affair went on more 
+smoothly, and I ever after practis'd it on such occasions; and, from my 
+frequent successes, can heartily recommend it. The present little sacrifice 
+of your vanity will afterwards be amply repaid. If it remains a while 
+uncertain to whom the merit belongs, some one more vain than yourself 
+will be encouraged to claim it, and then even envy will be disposed to do 
+you justice by plucking those assumed feathers, and restoring them to their 
+right owner. 
+
+This library afforded me the means of improvement by constant study, 
+for which I set apart an hour or two each day, and thus repair'd in some 
+degree the loss of the learned education my father once intended for me. 
+Reading was the only amusement I allow'd myself. I spent no time in 
+taverns, games, or frolicks of any kind; and my industry in my business 
+continu'd as indefatigable as it was necessary. I was indebted for my 
+printing-house; I had a young family coming on to be educated, and I had 
+to contend with for business two printers, who were established in the 
+place before me. My circumstances, however, grew daily easier. My 
+original habits of frugality continuing, and my father having, among his 
+instructions to me when a boy, frequently repeated a proverb of Solomon, 
+"Seest thou a man diligent in his calling, he shall stand before kings, he 
+shall not stand before mean men," I from thence considered industry as a 
+means of obtaining wealth and distinction, which encourag'd me, tho' I did 
+
+74 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+not think that I should ever literally stand before kings, which, however, 
+has since happened; for I have stood before five, and even had the honor 
+of sitting down with one, the King of Denmark, to dinner. 
+
+We have an English proverb that says, "He that would thrive, must ask 
+his wife." It was lucky for me that I had one as much dispos'd to industry 
+and frugality as myself. She assisted me cheerfully in my business, folding 
+and stitching pamphlets, tending shop, purchasing old linen rags for the 
+papermakers, etc., etc. We kept no idle servants, our table was plain and 
+simple, our furniture of the cheapest. For instance, my breakfast was a 
+long time bread and milk (no tea), and I ate it out of a twopenny earthen 
+porringer, with a pewter spoon. But mark how luxury will enter families, 
+and make a progress, in spite of principle: being call'd one morning to 
+breakfast, I found it in a China bowl, with a spoon of silver! They had 
+been bought for me without my knowledge by my wife, and had cost her 
+the enormous sum of three-and-twenty shillings, for which she had no 
+other excuse or apology to make, but that she thought her husband 
+deserv'd a silver spoon and China bowl as well as any of his neighbors. 
+This was the first appearance of plate and China in our house, which 
+afterward, in a course of years, as our wealth increas'd, augmented 
+gradually to several hundred pounds in value. 
+
+I had been religiously educated as a Presbyterian; and tho' some of the 
+dogmas of that persuasion, such as the eternal decrees of God, election, 
+reprobation, etc., appeared to me unintelligible, others doubtful, and I 
+early absented myself from the public assemblies of the sect, Sunday 
+being my studying day, I never was without some religious principles. I 
+never doubted, for instance, the existence of the Deity; that he made the 
+world, and govern'd it by his Providence; that the most acceptable service 
+of God was the doing good to man; that our souls are immortal; and that 
+all crime will be punished, and virtue rewarded, either here or hereafter. 
+These I esteem'd the essentials of every religion; and, being to be found in 
+all the religions we had in our country, I respected them all, tho' with 
+different degrees of respect, as I found them more or less mix'd with other 
+articles, which, without any tendency to inspire, promote, or confirm 
+morality, serv'd principally to divide us, and make us unfriendly to one 
+
+75 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+another. This respect to all, with an opinion that the worst had some good 
+effects, induc'd me to avoid all discourse that might tend to lessen the 
+good opinion another might have of his own religion; and as our province 
+increas'd in people, and new places of worship were continually wanted, 
+and generally erected by voluntary contributions, my mite for such 
+purpose, whatever might be the sect, was never refused. 
+
+Tho' I seldom attended any public worship, I had still an opinion of its 
+propriety, and of its utility when rightly conducted, and I regularly paid 
+my annual subscription for the support of the only Presbyterian minister or 
+meeting we had in Philadelphia. He us'd to visit me sometimes as a friend, 
+and admonish me to attend his administrations, and I was now and then 
+prevail'd on to do so, once for five Sundays successively. Had he been in 
+my opinion a good preacher, perhaps I might have continued, 
+notwithstanding the occasion I had for the Sunday's leisure in my course 
+of study; but his discourses were chiefly either polemic arguments, or 
+explications of the peculiar doctrines of our sect, and were all to me very 
+dry, uninteresting, and unedifying, since not a single moral principle was 
+inculcated or enforc'd, their aim seeming to be rather to make us 
+Presbyterians than good citizens. 
+
+At length he took for his text that verse of the fourth chapter of 
+Philippians, "Finally, brethren, whatsoever things are true, honest, just, 
+pure, lovely, or of good report, if there be any virtue, or any praise, think 
+on these things." And I imagin'd, in a sermon on such a text, we could not 
+miss of having some morality. But he confin'd himself to five points only, 
+as meant by the apostle, viz.: 1. Keeping holy the Sabbath day. 2. Being 
+diligent in reading the holy Scriptures. 3. Attending duly the publick 
+worship. 4. Partaking of the Sacrament. 5. Paying a due respect to God's 
+ministers. These might be all good things; but, as they were not the kind of 
+good things that I expected from that text, I despaired of ever meeting with 
+them from any other, was disgusted, and attended his preaching no more. I 
+had some years before compos'd a little Liturgy, or form of prayer, for my 
+own private use (viz., in 1728), entitled, Articles of Belief and Acts of 
+Religion. I return'd to the use of this, and went no more to the public 
+assemblies. My conduct might be blameable, but I leave it, without 
+
+76 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+attempting further to excuse it; my present purpose being to relate facts, 
+and not to make apologies for them. 
+
+It was about this time I conceiv'd the bold and arduous project of 
+arriving at moral perfection. I wish'd to live without committing any fault 
+at any time; I would conquer all that either natural inclination, custom, or 
+company might lead me into. As I knew, or thought I knew, what was right 
+and wrong, I did not see why I might not always do the one and avoid the 
+other. But I soon found I had undertaken a task of more difficulty than I 
+bad imagined. While my care was employ'd in guarding against one fault, 
+I was often surprised by another; habit took the advantage of inattention; 
+inclination was sometimes too strong for reason. I concluded, at length, 
+that the mere speculative conviction that it was our interest to be 
+completely virtuous, was not sufficient to prevent our slipping; and that 
+the contrary habits must be broken, and good ones acquired and 
+established, before we can have any dependence on a steady, uniform 
+rectitude of conduct. For this purpose I therefore contrived the following 
+method. 
+
+In the various enumerations of the moral virtues I had met with in my 
+reading, I found the catalogue more or less numerous, as different writers 
+included more or fewer ideas under the same name. Temperance, for 
+example, was by some confined to eating and drinking, while by others it 
+was extended to mean the moderating every other pleasure, appetite, 
+inclination, or passion, bodily or mental, even to our avarice and ambition. 
+I propos'd to myself, for the sake of clearness, to use rather more names, 
+with fewer ideas annex'd to each, than a few names with more ideas; and I 
+included under thirteen names of virtues all that at that time occurr'd to me 
+as necessary or desirable, and annexed to each a short precept, which fully 
+express'd the extent I gave to its meaning. 
+
+These names of virtues, with their precepts, were: 
+
+1. TEMPERANCE. Eat not to dullness; drink not to elevation. 
+2. SILENCE. Speak not but what may benefit others or yourself; avoid 
+trifling conversation. 
+3. ORDER. Let all your things have their places; let each part of your 
+business have its time. 
+77 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+4. RESOLUTION. Resolve to perform what you ought; perform 
+without fail what you resolve. 
+5. FRUGALITY. Make no expense but to do good to others or yourself; 
+i.e., waste nothing. 
+6. INDUSTRY. Lose no time; be always employ'd in something useful; 
+cut off all unnecessary actions. 
+7. SINCERITY. Use no hurtful deceit; think innocently and justly, and, 
+if you speak, speak accordingly. 
+8. JUSTICE. Wrong none by doing injuries, or omitting the benefits 
+that are your duty. 
+9. MODERATION. Avoid extreams; forbear resenting injuries so 
+much as you think they deserve. 
+10. CLEANLINESS. Tolerate no uncleanliness in body, cloaths, or 
+habitation. 
+11. TRANQUILLITY. Be not disturbed at trifles, or at accidents 
+common or unavoidable. 
+12. CHASTITY. Rarely use venery but for health or offspring, never to 
+dulness, weakness, or the injury of your own or another's peace or 
+reputation. 
+13. HUMILITY. Imitate Jesus and Socrates. 
+My intention being to acquire the habitude of all these virtues, I judg'd 
+it would be well not to distract my attention by attempting the whole at 
+once, but to fix it on one of them at a time; and, when I should be master 
+of that, then to proceed to another, and so on, till I should have gone thro' 
+the thirteen; and, as the previous acquisition of some might facilitate the 
+acquisition of certain others, I arrang'd them with that view, as they stand 
+above. Temperance first, as it tends to procure that coolness and clearness 
+of head, which is so necessary where constant vigilance was to be kept up, 
+and guard maintained against the unremitting attraction of ancient habits, 
+and the force of perpetual temptations. This being acquir'd and establish'd, 
+Silence would be more easy; and my desire being to gain knowledge at the 
+same time that I improv'd in virtue, and considering that in conversation it 
+was obtain'd rather by the use of the ears than of the tongue, and therefore 
+wishing to break a habit I was getting into of prattling, punning, and 
+
+78 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+joking, which only made me acceptable to trifling company, I gave Silence 
+the second place. This and the next, Order, I expected would allow me 
+more time for attending to my project and my studies. Resolution, once 
+become habitual, would keep me firm in my endeavors to obtain all the 
+subsequent virtues; Frugality and Industry freeing me from my remaining 
+debt, and producing affluence and independence, would make more easy 
+the practice of Sincerity and Justice, etc., etc. Conceiving then, that, 
+agreeably to the advice of Pythagoras in his Golden Verses, daily 
+examination would be necessary, I contrived the following method for 
+conducting that examination. 
+
+I made a little book, in which I allotted a page for each of the virtues. I 
+rul'd each page with red ink, so as to have seven columns, one for each 
+day of the week, marking each column with a letter for the day. I cross'd 
+these columns with thirteen red lines, marking the beginning of each line 
+with the first letter of one of the virtues, on which line, and in its proper 
+column, I might mark, by a little black spot, every fault I found upon 
+examination to have been committed respecting that virtue upon that day. 
+
+Form of the pages. 
+
++-------------------------------+ | TEMPERANCE. | +------------------------------+ 
+| EAT NOT TO DULNESS; | | DRINK NOT TO ELEVATION. | 
++-------------------------------+ | | S.| M.| T.| W.| T.| F.| S.| +---+---+---+---+--+---+---+---+ 
+| T.| | | | | | | | +---+---+---+---+---+---+---+---+ | S.| * | * | | * | | 
+
+* | | +---+---+---+---+---+---+---+---+ | O.| **| * | * | | * | * | * | +---+---+--+---+---+---+---+---+ 
+| R.| | | * | | | * | | +---+---+---+---+---+---+---+---+ | F.| 
+| * | | | * | | | +---+---+---+---+---+---+---+---+ | I.| | | * | | | | | +---+---+---+--+---+---+---+---+ 
+| S.| | | | | | | | +---+---+---+---+---+---+---+---+ | J.| | | | | | | | 
++---+---+---+---+---+---+---+---+ | M.| | | | | | | | +---+---+---+---+---+---+--+---+ 
+| C.| | | | | | | | +---+---+---+---+---+---+---+---+ | T.| | | | | | | | +---+---+--+---+---+---+---+---+ 
+| C.| | | | | | | | +---+---+---+---+---+---+---+---+ | H.| | | 
+| | | | | +---+---+---+---+---+---+---+---+ 
+I determined to give a week's strict attention to each of the virtues 
+successively. Thus, in the first week, my great guard was to avoid every 
+the least offence against Temperance, leaving the other virtues to their 
+ordinary chance, only marking every evening the faults of the day. Thus, if 
+
+79 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+in the first week I could keep my first line, marked T, clear of spots, I 
+suppos'd the habit of that virtue so much strengthen'd and its opposite 
+weaken'd, that I might venture extending my attention to include the next, 
+and for the following week keep both lines clear of spots. Proceeding thus 
+to the last, I could go thro' a course compleat in thirteen weeks, and four 
+courses in a year. And like him who, having a garden to weed, does not 
+attempt to eradicate all the bad herbs at once, which would exceed his 
+reach and his strength, but works on one of the beds at a time, and, having 
+accomplish'd the first, proceeds to a second, so I should have, I hoped, the 
+encouraging pleasure of seeing on my pages the progress I made in virtue, 
+by clearing successively my lines of their spots, till in the end, by a 
+number of courses, I should he happy in viewing a clean book, after a 
+thirteen weeks' daily examination. 
+
+This my little book had for its motto these lines from Addison's Cato: 
+
+"Here will I hold. If there's a power above us (And that there is all 
+nature cries aloud Thro' all her works), He must delight in virtue; And that 
+which he delights in must be happy." 
+
+Another from Cicero, 
+
+"O vitae Philosophia dux! O virtutum indagatrix expultrixque 
+vitiorum! Unus dies, bene et ex praeceptis tuis actus, peccanti 
+immortalitati est anteponendus." 
+
+Another from the Proverbs of Solomon, speaking of wisdom or virtue: 
+"Length of days is in her right hand, and in her left hand riches and 
+honour. Her ways are ways of pleasantness, and all her paths are peace." 
+
+iii. 16, 17. 
+And conceiving God to be the fountain of wisdom, I thought it right 
+and necessary to solicit his assistance for obtaining it; to this end I formed 
+the following little prayer, which was prefix'd to my tables of examination, 
+for daily use. 
+
+"O powerful Goodness! bountiful Father! merciful Guide! increase in 
+me that wisdom which discovers my truest interest. strengthen my 
+resolutions to perform what that wisdom dictates. Accept my kind offices 
+to thy other children as the only return in my power for thy continual 
+favors to me." 
+
+80 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+I used also sometimes a little prayer which I took from Thomson's 
+Poems, viz.: 
+
+"Father of light and life, thou Good Supreme! O teach me what is 
+good; teach me Thyself! Save me from folly, vanity, and vice, From every 
+low pursuit; and fill my soul With knowledge, conscious peace, and virtue 
+pure; Sacred, substantial, never-fading bliss!" 
+
+The precept of Order requiring that every part of my business should 
+have its allotted time, one page in my little book contain'd the following 
+scheme of employment for the twenty-four hours of a natural day: 
+
+THE MORNING. { 5 } Rise, wash, and address { } Powerful 
+Goodness! Contrive Question. What good shall { 6 } day's business, and 
+take the I do this day? { } resolution of the day; prose- { 7 } cute the 
+present study, and { } breakfast. 8 } 9 } Work. 10 } 11 } 
+
+NOON. { 12 } Read, or overlook my ac- { 1 } counts, and dine. 2 } 
+3 }Work. 4 }5 } 
+
+EVENING. { 6 } Put things in their places. { 7 } Supper. Music or 
+diversion, Question. What good have { 8 } or conversation. Examination I 
+doneto-day? { 9 } of the day. { 10 } { 11 } { 12 } 
+
+NIGHT. { 1 } Sleep. { 2 } { 3 } { 4 } 
+
+I enter'd upon the execution of this plan for self-examination, and 
+continu'd it with occasional intermissions for some time. I was surpris'd to 
+find myself so much fuller of faults than I had imagined; but I had the 
+satisfaction of seeing them diminish. To avoid the trouble of renewing 
+now and then my little book, which, by scraping out the marks on the 
+paper of old faults to make room for new ones in a new course, became 
+full of holes, I transferr'd my tables and precepts to the ivory leaves of a 
+memorandum book, on which the lines were drawn with red ink, that 
+made a durable stain, and on those lines I mark'd my faults with a black-
+lead pencil, which marks I could easily wipe out with a wet sponge. After 
+a while I went thro' one course only in a year, and afterward only one in 
+several years, till at length I omitted them entirely, being employ'd in 
+voyages and business abroad, with a multiplicity of affairs that interfered; 
+but I always carried my little book with me. 
+
+My scheme of ORDER gave me the most trouble; and I found that, 
+
+81 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+tho' it might be practicable where a man's business was such as to leave 
+him the disposition of his time, that of a journeyman printer, for instance, 
+it was not possible to be exactly observed by a master, who must mix with 
+the world, and often receive people of business at their own hours. Order, 
+too, with regard to places for things, papers, etc., I found extreamly 
+difficult to acquire. I had not been early accustomed to it, and, having an 
+exceeding good memory, I was not so sensible of the inconvenience 
+attending want of method. This article, therefore, cost me so much painful 
+attention, and my faults in it vexed me so much, and I made so little 
+progress in amendment, and had such frequent relapses, that I was almost 
+ready to give up the attempt, and content myself with a faulty character in 
+that respect, like the man who, in buying an ax of a smith, my neighbour, 
+desired to have the whole of its surface as bright as the edge. The smith 
+consented to grind it bright for him if he would turn the wheel; he turn'd, 
+while the smith press'd the broad face of the ax hard and heavily on the 
+stone, which made the turning of it very fatiguing. The man came every 
+now and then from the wheel to see how the work went on, and at length 
+would take his ax as it was, without farther grinding. "No," said the smith, 
+"turn on, turn on; we shall have it bright by-and-by; as yet, it is only 
+speckled." "Yes," said the man, "but I think I like a speckled ax best." And 
+I believe this may have been the case with many, who, having, for want of 
+some such means as I employ'd, found the difficulty of obtaining good and 
+breaking bad habits in other points of vice and virtue, have given up the 
+struggle, and concluded that "a speckled ax was best"; for something, that 
+pretended to be reason, was every now and then suggesting to me that 
+such extream nicety as I exacted of myself might be a kind of foppery in 
+morals, which, if it were known, would make me ridiculous; that a perfect 
+character might be attended with the inconvenience of being envied and 
+hated; and that a benevolent man should allow a few faults in himself, to 
+keep his friends in countenance. 
+
+In truth, I found myself incorrigible with respect to Order; and now I 
+am grown old, and my memory bad, I feel very sensibly the want of it. But, 
+on the whole, tho' I never arrived at the perfection I had been so ambitious 
+of obtaining, but fell far short of it, yet I was, by the endeavour, a better 
+
+82 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+and a happier man than I otherwise should have been if I had not 
+attempted it; as those who aim at perfect writing by imitating the engraved 
+copies, tho' they never reach the wish'd-for excellence of those copies, 
+their hand is mended by the endeavor, and is tolerable while it continues 
+fair and legible. 
+
+It may be well my posterity should be informed that to this little 
+artifice, with the blessing of God, their ancestor ow'd the constant felicity 
+of his life, down to his 79th year, in which this is written. What reverses 
+may attend the remainder is in the hand of Providence; but, if they arrive, 
+the reflection on past happiness enjoy'd ought to help his bearing them 
+with more resignation. To Temperance he ascribes his long-continued 
+health, and what is still left to him of a good constitution; to Industry and 
+Frugality, the early easiness of his circumstances and acquisition of his 
+fortune, with all that knowledge that enabled him to be a useful citizen, 
+and obtained for him some degree of reputation among the learned; to 
+Sincerity and Justice, the confidence of his country, and the honorable 
+employs it conferred upon him; and to the joint influence of the whole 
+mass of the virtues, even in the imperfect state he was able to acquire them, 
+all that evenness of temper, and that cheerfulness in conversation, which 
+makes his company still sought for, and agreeable even to his younger 
+acquaintance. I hope, therefore, that some of my descendants may follow 
+the example and reap the benefit. It will be remark'd that, tho' my scheme 
+was not wholly without religion, there was in it no mark of any of the 
+distingishing tenets of any particular sect. I had purposely avoided them; 
+for, being fully persuaded of the utility and excellency of my method, and 
+that it might be serviceable to people in all religions, and intending some 
+time or other to publish it, I would not have any thing in it that should 
+prejudice any one, of any sect, against it. I purposed writing a little 
+comment on each virtue, in which I would have shown the advantages of 
+possessing it, and the mischiefs attending its opposite vice; and I should 
+have called my book THE ART OF VIRTUE,<7> because it would have 
+shown the means and manner of obtaining virtue, which would have 
+distinguished it from the mere exhortation to be good, that does not 
+instruct and indicate the means, but is like the apostle's man of verbal 
+
+83 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+charity, who only without showing to the naked and hungry how or where 
+they might get clothes or victuals, exhorted them to be fed and clothed.-James 
+ii. 15, 16. 
+
+<7> Nothing so likely to make a man's fortune as virtue. --[Marg. 
+note.] 
+But it so happened that my intention of writing and publishing this 
+comment was never fulfilled. I did, indeed, from time to time, put down 
+short hints of the sentiments, reasonings, etc., to be made use of in it, some 
+of which I have still by me; but the necessary close attention to private 
+business in the earlier part of thy life, and public business since, have 
+occasioned my postponing it; for, it being connected in my mind with a 
+great and extensive project, that required the whole man to execute, and 
+which an unforeseen succession of employs prevented my attending to, it 
+has hitherto remain'd unfinish'd. 
+
+In this piece it was my design to explain and enforce this doctrine, that 
+vicious actions are not hurtful because they are forbidden, but forbidden 
+because they are hurtful, the nature of man alone considered; that it was, 
+therefore, every one's interest to be virtuous who wish'd to be happy even 
+in this world; and I should, from this circumstance (there being always in 
+the world a number of rich merchants, nobility, states, and princes, who 
+have need of honest instruments for the management of their affairs, and 
+such being so rare), have endeavored to convince young persons that no 
+qualities were so likely to make a poor man's fortune as those of probity 
+and integrity. 
+
+My list of virtues contain'd at first but twelve; but a Quaker friend 
+having kindly informed me that I was generally thought proud; that my 
+pride show'd itself frequently in conversation; that I was not content with 
+being in the right when discussing any point, but was overbearing, and 
+rather insolent, of which he convinc'd me by mentioning several instances; 
+I determined endeavouring to cure myself, if I could, of this vice or folly 
+among the rest, and I added Humility to my list) giving an extensive 
+meaning to the word. 
+
+I cannot boast of much success in acquiring the reality of this virtue, 
+but I had a good deal with regard to the appearance of it. I made it a rule to 
+
+84 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+forbear all direct contradiction to the sentiments of others, and all positive 
+assertion of my own. I even forbid myself, agreeably to the old laws of our 
+Junto, the use of every word or expression in the language that imported a 
+fix'd opinion, such as certainly, undoubtedly, etc., and I adopted, instead of 
+them, I conceive, I apprehend, or I imagine a thing to be so or so; or it so 
+appears to me at present. When another asserted something that I thought 
+an error, I deny'd myself the pleasure of contradicting him abruptly, and of 
+showing immediately some absurdity in his proposition; and in answering 
+I began by observing that in certain cases or circumstances his opinion 
+would be right, but in the present case there appear'd or seem'd to me some 
+difference, etc. I soon found the advantage of this change in my manner; 
+the conversations I engag'd in went on more pleasantly. The modest way 
+in which I propos'd my opinions procur'd them a readier recep tion and 
+less contradiction; I had less mortification when I was found to be in the 
+wrong, and I more easily prevail'd with others to give up their mistakes 
+and join with me when I happened to be in the right. 
+
+And this mode, which I at first put on with some violence to natural 
+inclination, became at length so easy, and so habitual to me, that perhaps 
+for these fifty years past no one has ever heard a dogmatical expression 
+escape me. And to this habit (after my character of integrity) I think it 
+principally owing that I had early so much weight with my fellow-citizens 
+when I proposed new institutions, or alterations in the old, and so much 
+influence in public councils when I became a member; for I was but a bad 
+speaker, never eloquent, subject to much hesitation in my choice of words, 
+hardly correct in language, and yet I generally carried my points. 
+
+In reality, there is, perhaps, no one of our natural passions so hard to 
+subdue as pride. Disguise it, struggle with it, beat it down, stifle it, mortify 
+it as much as one pleases, it is still alive, and will every now and then peep 
+out and show itself; you will see it, perhaps, often in this history; for, even 
+if I could conceive that I had compleatly overcome it, I should probably be 
+proud of my humility. 
+
+[Thus far written at Passy, 1741.] 
+
+["I am now about to write at home, August, 1788, but can not have the 
+help expected from my papers, many of them being lost in the war. I have, 
+
+85 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+however, found the following."]<8> 
+
+<8>This is a marginal memorandum.--B. 
+HAVING mentioned a great and extensive project which I had 
+conceiv'd, it seems proper that some account should be here given of that 
+project and its object. Its first rise in my mind appears in the following 
+little paper, accidentally preserv'd, viz.: 
+
+Observations on my reading history, in Library, May 19th, 1731. 
+
+"That the great affairs of the world, the wars, revolutions, etc., are 
+carried on and affected by parties. 
+
+"That the view of these parties is their present general interest, or what 
+they take to be such. 
+
+"That the different views of these different parties occasion all 
+confusion. 
+
+"That while a party is carrying on a general design, each man has his 
+particular private interest in view. 
+
+"That as soon as a party has gain'd its general point, each member 
+becomes intent upon his particular interest; which, thwarting others, 
+breaks that party into divisions, and occasions more confusion. 
+
+"That few in public affairs act from a meer view of the good of their 
+country, whatever they may pretend; and, tho' their actings bring real good 
+to their country, yet men primarily considered that their own and their 
+country's interest was united, and did not act from a principle of 
+benevolence. 
+
+"That fewer still, in public affairs, act with a view to the good of 
+mankind. 
+
+"There seems to me at present to be great occasion for raising a United 
+Party for Virtue, by forming the virtuous and good men of all nations into 
+a regular body, to be govern'd by suitable good and wise rules, which good 
+and wise men may probably be more unanimous in their obedience to, 
+than common people are to common laws. 
+
+"I at present think that whoever attempts this aright, and is well 
+qualified, can not fail of pleasing God, and of meeting with success. B. F." 
+Revolving this project in my mind, as to be undertaken hereafter, when 
+my circumstances should afford me the necessary leisure, I put down from 
+
+86 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+time to time, on pieces of paper, such thoughts as occurr'd to me 
+respecting it. Most of these are lost; but I find one purporting to be the 
+substance of an intended creed) containing, as I thought, the essentials of 
+every known religion, and being free of every thing that might shock the 
+professors of any religion. It is express'd in these words, viz.: 
+
+"That there is one God, who made all things. 
+
+"That he governs the world by his providence. 
+
+"That he ought to be worshiped by adoration, prayer, and 
+thanksgiving. 
+
+"But that the most acceptable service of God is doing good to man. 
+
+"That the soul is immortal. 
+
+"And that God will certainly reward virtue and punish vice either here 
+or hereafter."<9> 
+
+<9> In the Middle Ages, Franklin, if such a phenomenon as Franklin 
+were possible in the Middle Ages, would probably have been the founder 
+of a monastic order.--B. 
+My ideas at that time were, that the sect should be begun and spread at 
+first among young and single men only; that each person to be initiated 
+should not only declare his assent to such creed, but should have exercised 
+himself with the thirteen weeks' examination and practice of the virtues) as 
+in the before-mention'd model; that the existence of such a society should 
+he kept a secret, till it was become considerable, to prevent solicitations 
+for the admission of improper persons, but that the members should each 
+of them search among his acquaintance for ingenuous, well-disposed 
+youths, to whom, with prudent caution, the scheme should be grad ually 
+communicated; that the members should engage to afford their advice, 
+assistance, and support to each other in promoting one another's interests, 
+business, and advancement in life; that, for distinction, we should be call'd 
+The Society of the Free and Easy: free, as being, by the general practice 
+and habit of the virtues, free from the dominion of vice; and particularly 
+by the practice of industry and frugality, free from debt, which exposes a 
+man to confinement, and a species of slavery to his creditors. 
+
+This is as much as I can now recollect of the project, except that I 
+communicated it in part to two young men, who adopted it with some 
+
+87 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+enthusiasm; but my then narrow circumstances, and the necessity I was 
+under of sticking close to my business, occasion'd my postponing the 
+further prosecution of it at that time; and my multifarious occupations, 
+public and private, induc'd me to continue postponing, so that it has been 
+omitted till I have no longer strength or activity left sufficient for such an 
+enterprise; tho' I am still of opinion that it was a practicable scheme, and 
+might have been very useful, by forming a great number of good citizens; 
+and I was not discourag'd by the seeming magnitude of the undertaking, as 
+I have always thought that one man of tolerable abilities may work great 
+changes, and accomplish great affairs among mankind, if he first forms a 
+good plan, and, cutting off all amusements or other employments that 
+would divert his attention, makes the execution of that same plan his sole 
+study and business. 
+
+In 1732 I first publish'd my Almanack, under the name of Richard 
+Saunders; it was continu'd by me about twenty-five years, commonly 
+call'd Poor Richard's Almanac. I endeavor'd to make it both entertaining 
+and useful, and it accordingly came to be in such demand, that I reap'd 
+considerable profit from it, vending annually near ten thousand. And 
+observing that it was generally read, scarce any neighborhood in the 
+province being without it, I consider'd it as a proper vehicle for conveying 
+instruction among the common people, who bought scarcely any other 
+books; I therefore filled all the little spaces that occurr'd between the 
+remarkable days in the calendar with proverbial sentences, chiefly such as 
+inculcated industry and frugality, as the means of procuring wealth, and 
+thereby securing virtue; it being more difficult for a man in want, to act 
+always honestly, as, to use here one of those proverbs, it is hard for an 
+empty sack to stand up-right. 
+
+These proverbs, which contained the wisdom of many ages and 
+nations, I assembled and form'd into a connected discourse prefix'd to the 
+Almanack of 1757, as the harangue of a wise old man to the people 
+attending an auction. The bringing all these scatter'd counsels thus into a 
+focus enabled them to make greater impression. The piece, being 
+universally approved, was copied in all the newspapers of the Continent; 
+reprinted in Britain on a broad side, to be stuck up in houses; two 
+
+88 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+translations were made of it in French, and great numbers bought by the 
+clergy and gentry, to distribute gratis among their poor parishioners and 
+tenants. In Pennsylvania, as it discouraged useless expense in foreign 
+superfluities, some thought it had its share of influence in producing that 
+growing plenty of money which was observable for several years after its 
+publication. 
+
+I considered my newspaper, also, as another means of communicating 
+instruction, and in that view frequently reprinted in it extracts from the 
+Spectator, and other moral writers; and sometimes publish'd little pieces of 
+my own, which had been first compos'd for reading in our Junto. Of these 
+are a Socratic dialogue, tending to prove that, whatever might be his parts 
+and abilities, a vicious man could not properly be called a man of sense; 
+and a discourse on self-denial, showing that virtue was not secure till its 
+practice became a habitude, and was free from the opposition of contrary 
+inclinations. These may be found in the papers about the beginning Of 
+1735. 
+
+In the conduct of my newspaper, I carefully excluded all libelling and 
+personal abuse, which is of late years become so disgraceful to our 
+country. Whenever I was solicited to insert anything of that kind, and the 
+writers pleaded, as they generally did, the liberty of the press, and that a 
+newspaper was like a stagecoach, in which any one who would pay had a 
+right to a place, my answer was, that I would print the piece separately if 
+desired, and the author might have as many copies as he pleased to 
+distribute himself, but that I would not take upon me to spread his 
+detraction; and that, having contracted with my subscribers to furnish 
+them with what might be either useful or entertaining, I could not fill their 
+papers with private altercation, in which they had no concern, without 
+doing them manifest injustice. Now, many of our printers make no scruple 
+of gratifying the malice of individuals by false accusations of the fairest 
+characters among ourselves, augmenting animosity even to the producing 
+of duels; and are, moreover, so indiscreet as to print scurrilous reflections 
+on the government of neighboring states, and even on the conduct of our 
+best national allies, which may be attended with the most pernicious 
+consequences. These things I mention as a caution to young printers, and 
+
+89 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+that they may be encouraged not to pollute their presses and disgrace their 
+profession by such infamous practices, but refuse steadily, as they may see 
+by my example that such a course of conduct will not, on the whole, be 
+injurious to their interests. 
+
+In 1733 I sent one of my journeymen to Charleston, South Carolina, 
+where a printer was wanting. I furnish'd him with a press and letters, on an 
+agreement of partnership, by which I was to receive one-third of the 
+profits of the business, paying one-third of the expense. He was a man of 
+learning, and honest but ignorant in matters of account; and, tho' he 
+sometimes made me remittances, I could get no account from him, nor any 
+satisfactory state of our partnership while he lived. On his decease, the 
+business was continued by his widow, who, being born and bred in 
+Holland, where, as I have been inform'd, the knowledge of accounts 
+makes a part of female education, she not only sent me as clear a state as 
+she could find of the transactions past, but continued to account with the 
+greatest regularity and exactness every quarter afterwards, and managed 
+the business with such success, that she not only brought up reputably a 
+family of children, but, at the expiration of the term, was able to purchase 
+of me the printing-house, and establish her son in it. 
+
+I mention this affair chiefly for the sake of recommending that branch 
+of education for our young females, as likely to be of more use to them 
+and their children, in case of widowhood, than either music or dancing, by 
+preserving them from losses by imposition of crafty men, and enabling 
+them to continue, perhaps, a profitable mercantile house, with establish'd 
+correspondence, till a son is grown up fit to undertake and go on with it, to 
+the lasting advantage and enriching of the family. 
+
+About the year 1734 there arrived among us from Ireland a young 
+Presbyterian preacher, named Hemphill, who delivered with a good voice, 
+and apparently extempore, most excellent discourses, which drew together 
+considerable numbers of different persuasion, who join'd in admiring them. 
+Among the rest, I became one of his constant hearers, his sermons 
+pleasing me, as they had little of the dogmatical kind, but inculcated 
+strongly the practice of virtue, or what in the religious stile are called good 
+works. Those, however, of our congregation, who considered themselves 
+
+90 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+as orthodox Presbyterians, disapprov'd his doctrine, and were join'd by 
+most of the old clergy, who arraign'd him of heterodoxy before the synod, 
+in order to have him silenc'd. I became his zealous partisan, and 
+contributed all I could to raise a party in his favour, and we combated for 
+him a while with some hopes of success. There was much scribbling pro 
+and con upon the occasion; and finding that, tho' an elegant preacher, he 
+was but a poor writer, I lent him my pen and wrote for him two or three 
+pamphlets, and one piece in the Gazette of April, 1735. Those pamphlets, 
+as is generally the case with controversial writings, tho' eagerly read at the 
+time, were soon out of vogue, and I question whether a single copy of 
+them now exists. 
+
+During the contest an unlucky occurrence hurt his cause exceedingly. 
+One of our adversaries having heard him preach a sermon that was much 
+admired, thought he had somewhere read the sermon before, or at least a 
+part of it. On search he found that part quoted at length, in one of the 
+British Reviews, from a discourse of Dr. Foster's. This detection gave 
+many of our party disgust, who accordingly abandoned his cause, and 
+occasion'd our more speedy discomfiture in the synod. I stuck by him, 
+however, as I rather approv'd his giving us good sermons compos'd by 
+others, than bad ones of his own manufacture, tho' the latter was the 
+practice of our common teachers. He afterward acknowledg'd to me that 
+none of those he preach'd were his own; adding, that his memory was such 
+as enabled him to retain and repeat any sermon after one reading only. On 
+our defeat, he left us in search elsewhere of better fortune, and I quitted 
+the congregation, never joining it after, tho' I continu'd many years my 
+subscription for the support of its ministers. 
+
+I had begun in 1733 to study languages; I soon made myself so much a 
+master of the French as to be able to read the books with ease. I then 
+undertook the Italian. An acquaintance, who was also learning it, us'd 
+often to tempt me to play chess with him. Finding this took up too much of 
+the time I had to spare for study, I at length refus'd to play any more, 
+unless on this condition, that the victor in every game should have a right 
+to impose a task, either in parts of the grammar to be got by heart, or in 
+translations, etc., which tasks the vanquish'd was to perform upon honour, 
+
+91 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+before our next meeting. As we play'd pretty equally, we thus beat one 
+another into that language. I afterwards with a little painstaking, acquir'd 
+as much of the Spanish as to read their books also. 
+
+I have already mention'd that I had only one year's instruction in a 
+Latin school, and that when very young, after which I neglected that 
+language entirely. But, when I had attained an acquaintance with the 
+French, Italian, and Spanish, I was surpriz'd to find, on looking over a 
+Latin Testament, that I understood so much more of that language than I 
+had imagined, which encouraged me to apply myself again to the study of 
+it, and I met with more success, as those preceding languages had greatly 
+smooth'd my way. 
+
+From these circumstances, I have thought that there is some 
+inconsistency in our common mode of teaching languages. We are told 
+that it is proper to begin first with the Latin, and, having acquir'd that, it 
+will be more easy to attain those modern languages which are deriv'd from 
+it; and yet we do not begin with the Greek, in order more easily to acquire 
+the Latin. It is true that, if you can clamber and get to the top of a staircase 
+without using the steps, you will more easily gain them in descending; but 
+certainly, if you begin with the lowest you will with more ease ascend to 
+the top; and I would therefore offer it to the consideration of those who 
+superintend the education of our youth, whether, since many of those who 
+begin with the Latin quit the same after spending some years without 
+having made any great proficiency, and what they have learnt becomes 
+almost useless, so that their time has been lost, it would not have been 
+better to have begun with the French, proceeding to the Italian, etc.; for, 
+tho', after spending the same time, they should quit the study of languages 
+and never arrive at the Latin, they would, however, have acquired another 
+tongue or two, that, being in modern use, might be serviceable to them in 
+common life. 
+
+After ten years' absence from Boston, and having become easy in my 
+circumstances, I made a journey thither to visit my relations, which I could 
+not sooner well afford. In returning, I call'd at Newport to see my brother, 
+then settled there with his printing-house. Our former differences were 
+forgotten, and our meeting was very cordial and affectionate. He was fast 
+
+92 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+declining in his health, and requested of me that, in case of his death, 
+which he apprehended not far distant, I would take home his son, then but 
+ten years of age, and bring him up to the printing business. This I 
+accordingly perform'd, sending him a few years to school before I took 
+him into the office. His mother carried on the business till he was grown 
+up, when I assisted him with an assortment of new types, those of his 
+father being in a manner worn out. Thus it was that I made my brother 
+ample amends for the service I had depriv'd him of by leaving him so 
+early. 
+
+In 1736 I lost one of my sons, a fine boy of four years old, by the 
+small-pox, taken in the common way. I long regretted bitterly, and still 
+regret that I had not given it to him by inoculation. This I mention for the 
+sake of parents who omit that operation, on the supposition that they 
+should never forgive themselves if a child died under it; my example 
+showing that the regret may be the same either way, and that, therefore, 
+the safer should be chosen. 
+
+Our club, the Junto, was found so useful, and afforded such 
+satisfaction to the members, that several were desirous of introducing their 
+friends, which could not well be done without exceeding what we had 
+settled as a convenient number, viz., twelve. We had from the beginning 
+made it a rule to keep our institution a secret, which was pretty well 
+observ'd; the intention was to avoid applications of improper persons for 
+admittance, some of whom, perhaps, we might find it difficult to refuse. I 
+was one of those who were against any addition to our number, but, 
+instead of it, made in writing a proposal, that every member separately 
+should endeavor to form a subordinate club, with the same rules respecting 
+queries, etc., and without informing them of the connection with the Junto. 
+The advantages proposed were, the improvement of so many more young 
+citizens by the use of our institutions; our better acquaintance with the 
+general sentiments of the inhabitants on any occasion, as the Junto 
+member might propose what queries we should desire, and was to report 
+to the Junto what pass'd in his separate club; the promotion of our 
+particular interests in business by more extensive recommendation, and 
+the increase of our influence in public affairs, and our power of doing 
+
+93 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+good by spreading thro' the several clubs the sentiments of the Junto. 
+
+The project was approv'd, and every member undertook to form his 
+club, but they did not all succeed. Five or six only were compleated, which 
+were called by different names, as the Vine, the Union, the Band, etc. They 
+were useful to themselves, and afforded us a good deal of amusement, 
+information, and instruction, besides answering, in some considerable 
+degree, our views of influencing the public opinion on particular occasions, 
+of which I shall give some instances in course of time as they happened. 
+
+My first promotion was my being chosen, in 1736, clerk of the 
+General Assembly. The choice was made that year without opposition; but 
+the year following, when I was again propos'd (the choice, like that of the 
+members, being annual), a new member made a long speech against me, in 
+order to favour some other candidate. I was, however, chosen, which was 
+the more agreeable to me, as, besides the pay for the immediate service as 
+clerk, the place gave me a better opportunity of keeping up an interest 
+among the members, which secur'd to me the business of printing the 
+votes, laws, paper money, and other occasional jobbs for the public, that, 
+on the whole, were very profitable. 
+
+I therefore did not like the opposition of this new member, who was a 
+gentleman of fortune and education, with talents that were likely to give 
+him, in time, great influence in the House, which, indeed, afterwards 
+happened. I did not, however, aim at gaining his favour by paying any 
+servile respect to him, but, after some time, took this other method. 
+Having heard that he had in his library a certain very scarce and curious 
+book, I wrote a note to him, expressing my desire of perusing that book, 
+and requesting he would do me the favour of lending it to me for a few 
+days. He sent it immediately, and I return'd it in about a week with another 
+note, expressing strongly my sense of the favour. When we next met in the 
+House, he spoke to me (which he had never done before), and with great 
+civility; and he ever after manifested a readiness to serve me on all 
+occasions, so that we became great friends, and our friendship continued 
+to his death. This is another instance of the truth of an old maxim I had 
+learned, which says, "He that has once done you a kindness will be more 
+ready to do you another, than he whom you yourself have obliged." And it 
+
+94 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+shows how much more profitable it is prudently to remove, than to resent, 
+return, and continue inimical proceedings. 
+
+In 1737, Colonel Spotswood, late governor of Virginia, and then 
+postmaster-general, being dissatisfied with the conduct of his deputy at 
+Philadelphia, respecting some negligence in rendering, and inexactitude of 
+his accounts, took from him the commission and offered it to me. I 
+accepted it readily, and found it of great advantage; for, tho' the salary was 
+small, it facilitated the correspondence that improv'd my newspaper, 
+increas'd the number demanded, as well as the advertisements to be 
+inserted, so that it came to afford me a considerable income. My old 
+competitor's newspaper declin'd proportionably, and I was satisfy'd 
+without retaliating his refusal, while postmaster, to permit my papers 
+being carried by the riders. Thus he suffer'd greatly from his neglect in due 
+accounting; and I mention it as a lesson to those young men who may be 
+employ'd in managing affairs for others, that they should always render 
+accounts, and make remittances, with great clearness and punctuality. The 
+character of observing such a conduct is the most powerful of all 
+recommendations to new employments and increase of business. 
+
+I began now to turn my thoughts a little to public affairs, beginning, 
+however, with small matters. The city watch was one of the first things 
+that I conceiv'd to want regulation. It was managed by the constables of 
+the respective wards in turn; the constable warned a number of 
+housekeepers to attend him for the night. Those who chose never to attend 
+paid him six shillings a year to be excus'd, which was suppos'd to be for 
+hiring substitutes, but was, in reality, much more than was necessary for 
+that purpose, and made the constableship a place of profit; and the 
+constable, for a little drink, often got such ragamuffins about him as a 
+watch, that respectable housekeepers did not choose to mix with. Walking 
+the rounds, too, was often neglected, and most of the nights spent in 
+tippling. I thereupon wrote a paper, to be read in Junto, representing these 
+irregularities, but insisting more particularly on the inequality of this six-
+shilling tax of the constables, respecting the circumstances of those who 
+paid it, since a poor widow housekeeper, all whose property to be guarded 
+by the watch did not perhaps exceed the value of fifty pounds, paid as 
+
+95 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+much as the wealthiest merchant, who had thousands of pounds worth of 
+goods in his stores. 
+
+On the whole, I proposed as a more effectual watch, the hiring of 
+proper men to serve constantly in that business; and as a more equitable 
+way of supporting the charge the levying a tax that should be proportion'd 
+to the property. This idea, being approv'd by the Junto, was communicated 
+to the other clubs, but as arising in each of them; and though the plan was 
+not immediately carried into execution, yet, by preparing the minds of 
+people for the change, it paved the way for the law obtained a few years 
+after, when the members of our clubs were grown into more influence. 
+
+About this time I wrote a paper (first to be read in Junto, but it was 
+afterward publish'd) on the different accidents and carelessnesses by 
+which houses were set on fire, with cautions against them, and means 
+proposed of avoiding them. This was much spoken of as a useful piece, 
+and gave rise to a project, which soon followed it, of forming a company 
+for the more ready extinguishing of fires, and mutual assistance in 
+removing and securing the goods when in danger. Associates in this 
+scheme were presently found, amounting to thirty. Our articles of 
+agreement oblig'd every member to keep always in good order, and fit for 
+use, a certain number of leather buckets, with strong bags and baskets (for 
+packing and transporting of goods), which were to be brought to every fire; 
+and we agreed to meet once a month and spend a social evening together, 
+in discoursing and communicating such ideas as occurred to us upon the 
+subject of fires, as might be useful in our conduct on such occasions. 
+
+The utility of this institution soon appeared, and many more desiring 
+to be admitted than we thought convenient for one company, they were 
+advised to form another, which was accordingly done; and this went on, 
+one new company being formed after another, till they became so 
+numerous as to include most of the inhabitants who were men of property; 
+and now, at the time of my writing this, tho' upward of fifty years since its 
+establishment, that which I first formed, called the Union Fire Company, 
+still subsists and flourishes, tho' the first members are all deceas'd but 
+myself and one, who is older by a year than I am. The small fines that 
+have been paid by members for absence at the monthly meetings have 
+
+96 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+been apply'd to the purchase of fire-engines, ladders, fire-hooks, and other 
+useful implements for each company, so that I question whether there is a 
+city in the world better provided with the means of putting a stop to 
+beginning conflagrations; and, in fact, since these institutions, the city has 
+never lost by fire more than one or two houses at a time, and the flames 
+have often been extinguished before the house in which they began has 
+been half consumed. 
+
+In 1739 arrived among us from Ireland the Reverend Mr. Whitefield, 
+who had made himself remarkable there as an itinerant preacher. He was 
+at first permitted to preach in some of our churches; but the clergy, taking 
+a dislike to him, soon refus'd him their pulpits, and he was oblig'd to 
+preach in the fields. The multitudes of all sects and denominations that 
+attended his sermons were enormous, and it was matter of speculation to 
+me, who was one of the number, to observe the extraordinary influence of 
+his oratory on his hearers, and bow much they admir'd and respected him, 
+notwithstanding his common abuse of them, by assuring them that they 
+were naturally half beasts and half devils. It was wonderful to see the 
+change soon made in the manners of our inhabitants. From being 
+thoughtless or indifferent about religion, it seem'd as if all the world were 
+growing religious, so that one could not walk thro' the town in an evening 
+without hearing psalms sung in different families of every street. 
+
+And it being found inconvenient to assemble in the open air, subject to 
+its inclemencies, the building of a house to meet in was no sooner propos'd, 
+and persons appointed to receive contributions, but sufficient sums were 
+soon receiv'd to procure the ground and erect the building, which was one 
+hundred feet long and seventy broad, about the size of Westminster Hall; 
+and the work was carried on with such spirit as to be finished in a much 
+shorter time than could have been expected. Both house and ground were 
+vested in trustees, expressly for the use of any preacher of any religious 
+persuasion who might desire to say something to the people at 
+Philadelphia; the design in building not being to accommodate any 
+particular sect, but the inhabitants in general; so that even if the Mufti of 
+Constantinople were to send a missionary to preach Mohammedanism to 
+us, he would find a pulpit at his service. 
+
+97 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+Mr. Whitefield, in leaving us, went preaching all the way thro' the 
+colonies to Georgia. The settlement of that province had lately been begun, 
+but, instead of being made with hardy, industrious husbandmen, 
+accustomed to labor, the only people fit for such an enterprise, it was with 
+families of broken shop-keepers and other insolvent debtors, many of 
+indolent and idle habits, taken out of the jails, who, being set down in the 
+woods, unqualified for clearing land, and unable to endure the hardships 
+of a new settlement, perished in numbers, leaving many helpless children 
+unprovided for. The sight of their miserable situation inspir'd the 
+benevolent heart of Mr. Whitefield with the idea of building an Orphan 
+House there, in which they might be supported and educated. Returning 
+northward, he preach'd up this charity, and made large collections, for his 
+eloquence had a wonderful power over the hearts and purses of his hearers, 
+of which I myself was an instance. 
+
+I did not disapprove of the design, but, as Georgia was then destitute 
+of materials and workmen, and it was proposed to send them from 
+Philadelphia at a great expense, I thought it would have been better to 
+have built the house here, and brought the children to it. This I advis'd; but 
+he was resolute in his first project, rejected my counsel, and I therefore 
+refus'd to contribute. I happened soon after to attend one of his sermons, in 
+the course of which I perceived he intended to finish with a collection, and 
+I silently resolved he should get nothing from me, I had in my pocket a 
+handful of copper money, three or four silver dollars, and five pistoles in 
+gold. As he proceeded I began to soften, and concluded to give the coppers. 
+Another stroke of his oratory made me asham'd of that, and determin'd me 
+to give the silver; and he finish'd so admirably, that I empty'd my pocket 
+wholly into the collector's dish, gold and all. At this sermon there was also 
+one of our club, who, being of my sentiments respecting the building in 
+Georgia, and suspecting a collection might be intended, had, by precaution, 
+emptied his pockets before he came from home. Towards the conclusion 
+of the discourse, however, he felt a strong desire to give, and apply'd to a 
+neighbour, who stood near him, to borrow some money for the purpose. 
+The application was unfortunately [made] to perhaps the only man in the 
+company who had the firmness not to be affected by the preacher. His 
+
+98 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+answer was, "At any other time, Friend Hopkinson, I would lend to thee 
+freely; but not now, for thee seems to be out of thy right senses." 
+
+Some of Mr. Whitefield's enemies affected to suppose that he would 
+apply these collections to his own private emolument; but I who was 
+intimately acquainted with him (being employed in printing his Sermons 
+and Journals, etc.), never had the least suspicion of his integrity, but am to 
+this day decidedly of opinion that he was in all his conduct a perfectly 
+honest man, and methinks my testimony in his favour ought to have the 
+more weight, as we had no religious connection. He us'd, indeed, 
+sometimes to pray for my conversion, but never had the satisfaction of 
+believing that his prayers were heard. Ours was a mere civil friendship, 
+sincere on both sides, and lasted to his death. 
+
+The following instance will show something of the terms on which we 
+stood. Upon one of his arrivals from England at Boston, he wrote to me 
+that he should come soon to Philadelphia, but knew not where he could 
+lodge when there, as he understood his old friend and host, Mr. Benezet, 
+was removed to Germantown. My answer was, "You know my house; if 
+you can make shift with its scanty accommodations, you will be most 
+heartily welcome." He reply'd, that if I made that kind offer for Christ's 
+sake, I should not miss of a reward. And I returned, "Don't let me be 
+mistaken; it was not for Christ's sake, but for your sake." One of our 
+common acquaintance jocosely remark'd, that, knowing it to be the custom 
+of the saints, when they received any favour, to shift the burden of the 
+obligation from off their own shoulders, and place it in heaven, I had 
+contriv'd to fix it on earth. 
+
+The last time I saw Mr. Whitefield was in London, when he consulted 
+me about his Orphan House concern, and his purpose of appropriating it to 
+the establishment of a college. 
+
+He had a loud and clear voice, and articulated his words and sentences 
+so perfectly, that he might be heard and understood at a great distance, 
+especially as his auditories, however numerous, observ'd the most exact 
+silence. He preach'd one evening from the top of the Court-house steps, 
+which are in the middle of Market-street, and on the west side of Second-
+street, which crosses it at right angles. Both streets were fill'd with his 
+
+99 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+hearers to a considerable distance. Being among the hindmost in Market-
+street, I had the curiosity to learn how far he could be heard, by retiring 
+backwards down the street towards the river; and I found his voice distinct 
+till I came near Front-street, when some noise in that street obscur'd it. 
+Imagining then a semi-circle, of which my distance should be the radius, 
+and that it were fill'd with auditors, to each of whom I allow'd two square 
+feet, I computed that he might well be heard by more than thirty thousand. 
+This reconcil'd me to the newspaper accounts of his having preach'd to 
+twenty-five thousand people in the fields, and to the antient histories of 
+generals haranguing whole armies, of which I had sometimes doubted. 
+
+By hearing him often, I came to distinguish easily between sermons 
+newly compos'd, and those which he had often preach'd in the course of 
+his travels. His delivery of the latter was so improv'd by frequent 
+repetitions that every accent, every emphasis, every modulation of voice, 
+was so perfectly well turn'd and well plac'd, that, without being interested 
+in the subject, one could not help being pleas'd with the discourse; a 
+pleasure of much the same kind with that receiv'd from an excellent piece 
+of musick. This is an advantage itinerant preachers have over those who 
+are stationary, as the latter can not well improve their delivery of a sermon 
+by so many rehearsals. 
+
+His writing and printing from time to time gave great advantage to his 
+enemies; unguarded expressions, and even erroneous opinions, delivered 
+in preaching, might have been afterwards explain'd or qualifi'd by 
+supposing others that might have accompani'd them, or they might have 
+been deny'd; but litera scripta monet. Critics attack'd his writings violently, 
+and with so much appearance of reason as to diminish the number of his 
+votaries and prevent their encrease; so that I am of opinion if he had never 
+written any thing, he would have left behind him a much more numerous 
+and important sect, and his reputation might in that case have been still 
+growing, even after his death, as there being nothing of his writing on 
+which to found a censure and give him a lower character, his proselytes 
+would be left at liberty to feign for him as great a variety of excellence as 
+their enthusiastic admiration might wish him to have possessed. 
+
+My business was now continually augmenting, and my circumstances 
+
+100 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+growing daily easier, my newspaper having become very profitable, as 
+being for a time almost the only one in this and the neighbouring 
+provinces. I experienced, too, the truth of the observation, "that after 
+getting the first hundred pound, it is more easy to get the second," money 
+itself being of a prolific nature. 
+
+The partnership at Carolina having succeeded, I was encourag'd to 
+engage in others, and to promote several of my workmen, who had 
+behaved well, by establishing them with printing-houses in different 
+colonies, on the same terms with that in Carolina. Most of them did well, 
+being enabled at the end of our term, six years, to purchase the types of me 
+and go on working for themselves, by which means several families were 
+raised. Partnerships often finish in quarrels; but I was happy in this, that 
+mine were all carried on and ended amicably, owing, I think, a good deal 
+to the precaution of having very explicitly settled, in our articles, every 
+thing to be done by or expected from each partner, so that there was 
+nothing to dispute, which precaution I would therefore recommend to all 
+who enter into partnerships; for, whatever esteem partners may have for, 
+and confidence in each other at the time of the contract, little jealousies 
+and disgusts may arise, with ideas of inequality in the care and burden of 
+the business, etc., which are attended often with breach of friendship and 
+of the connection, perhaps with lawsuits and other disagreeable 
+consequences. 
+
+I had, on the whole, abundant reason to be satisfied with my being 
+established in Pennsylvania. There were, however, two things that I 
+regretted, there being no provision for defense, nor for a compleat 
+education of youth; no militia, nor any college. I therefore, in 1743, drew 
+up a proposal for establishing an academy; and at that time, thinking the 
+Reverend Mr. Peters, who was out of employ, a fit person to superintend 
+such an institution, I communicated the project to him; but he, having 
+more profitable views in the service of the proprietaries, which succeeded, 
+declin'd the undertaking; and, not knowing another at that time suitable for 
+such a trust, I let the scheme lie a while dormant. I succeeded better the 
+next year, 1744, in proposing and establishing a Philosophical Society. 
+The paper I wrote for that purpose will be found among my writings, when 
+
+101 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+collected. 
+
+With respect to defense, Spain having been several years at war 
+against Great Britain, and being at length join'd by France, which brought 
+us into great danger; and the laboured and long-continued endeavour of 
+our governor, Thomas, to prevail with our Quaker Assembly to pass a 
+militia law, and make other provisions for the security of the province, 
+having proved abortive, I determined to try what might be done by a 
+voluntary association of the people. To promote this, I first wrote and 
+published a pamphlet, entitled PLAIN TRUTH, in which I stated our 
+defenceless situation in strong lights, with the necessity of union and 
+discipline for our defense, and promis'd to propose in a few days an 
+association, to be generally signed for that purpose. The pamphlet had a 
+sudden and surprising effect. I was call'd upon for the instrument of 
+association, and having settled the draft of it with a few friends, I 
+appointed a meeting of the citizens in the large building before mentioned. 
+The house was pretty full; I had prepared a number of printed copies, and 
+provided pens and ink dispers'd all over the room. I harangued them a 
+little on the subject, read the paper, and explained it, and then distributed 
+the copies, which were eagerly signed, not the least objection being made. 
+
+When the company separated, and the papers were collected, we found 
+above twelve hundred hands; and, other copies being dispersed in the 
+country, the subscribers amounted at length to upward of ten thousand. 
+These all furnished themselves as soon as they could with arms, formed 
+themselves into companies and regiments, chose their own officers, and 
+met every week to be instructed in the manual exercise, and other parts of 
+military discipline. The women, by subscriptions among themselves, 
+provided silk colors, which they presented to the companies, painted with 
+different devices and mottos, which I supplied. 
+
+The officers of the companies composing the Philadelphia regiment, 
+being met, chose me for their colonel; but, conceiving myself unfit, I 
+declin'd that station, and recommended Mr. Lawrence, a fine person, and 
+man of influence, who was accordingly appointed. I then propos'd a lottery 
+to defray the expense of building a battery below the town, and furnishing 
+it with cannon. It filled expeditiously, and the battery was soon erected, 
+
+102 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+the merlons being fram'd of logs and fill'd with earth. We bought some old 
+cannon from Boston, but, these not being sufficient, we wrote to England 
+for more, soliciting, at the same time, our proprietaries for some assistance, 
+tho' without much expectation of obtaining it. 
+
+Meanwhile, Colonel Lawrence, William Allen, Abram Taylor, Esqr., 
+and myself were sent to New York by the associators, commission'd to 
+borrow some cannon of Governor Clinton. He at first refus'd us 
+peremptorily; but at dinner with his council, where there was great 
+drinking of Madeira wine, as the custom of that place then was, he 
+softened by degrees, and said he would lend us six. After a few more 
+bumpers he advanc'd to ten; and at length he very good-naturedly 
+conceded eighteen. They were fine cannon, eighteen-pounders, with their 
+carriages, which we soon transported and mounted on our battery, where 
+the associators kept a nightly guard while the war lasted, and among the 
+rest I regularly took my turn of duty there as a common soldier. 
+
+My activity in these operations was agreeable to the governor and 
+council; they took me into confidence, and I was consulted by them in 
+every measure wherein their concurrence was thought useful to the 
+association. Calling in the aid of religion, I propos'd to them the 
+proclaiming a fast, to promote reformation, and implore the blessing of 
+Heaven on our undertaking. They embrac'd the motion; but, as it was the 
+first fast ever thought of in the province, the secretary had no precedent 
+from which to draw the proclamation. My education in New England, 
+where a fast is proclaimed every year, was here of some advantage: I drew 
+it in the accustomed stile, it was translated into German, printed in both 
+languages, and divulg'd thro' the province. This gave the clergy of the 
+different sects an opportunity of influencing their congregations to join in 
+the association, and it would probably have been general among all but 
+Quakers if the peace had not soon interven'd. 
+
+It was thought by some of my friends that, by my activity in these 
+affairs, I should offend that sect, and thereby lose my interest in the 
+Assembly of the province, where they formed a great majority. A young 
+gentleman who had likewise some friends in the House, and wished to 
+succeed me as their clerk, acquainted me that it was decided to displace 
+
+103 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+me at the next election; and he, therefore, in good will, advis'd me to 
+resign, as more consistent with my honour than being turn'd out. My 
+answer to him was, that I had read or heard of some public man who made 
+it a rule never to ask for an office, and never to refuse one when offer'd to 
+him. "I approve," says I, "of his rule, and will practice it with a small 
+addition; I shall never ask, never refuse, nor ever resign an office. If they 
+will have my office of clerk to dispose of to another, they shall take it from 
+me. I will not, by giving it up, lose my right of some time or other making 
+reprisals on my adversaries." I heard, however, no more of this; I was 
+chosen again unanimously as usual at the next election. Possibly, as they 
+dislik'd my late intimacy with the members of council, who had join'd the 
+governors in all the disputes about military preparations, with which the 
+House had long been harass'd, they might have been pleas'd if I would 
+voluntarily have left them; but they did not care to displace me on account 
+merely of my zeal for the association, and they could not well give another 
+reason. 
+
+Indeed I had some cause to believe that the defense of the country was 
+not disagreeable to any of them, provided they were not requir'd to assist 
+in it. And I found that a much greater number of them than I could have 
+imagined, tho' against offensive war, were clearly for the defensive. Many 
+pamphlets pro and con were publish'd on the subject, and some by good 
+Quakers, in favour of defense, which I believe convinc'd most of their 
+younger people. 
+
+A transaction in our fire company gave me some insight into their 
+prevailing sentiments. It had been propos'd that we should encourage the 
+scheme for building a battery by laying out the present stock, then about 
+sixty pounds, in tickets of the lottery. By our rules, no money could be 
+dispos'd of till the next meeting after the proposal. The company consisted 
+of thirty members, of which twenty-two were Quakers, and eight only of 
+other persuasions. We eight punctually attended the meeting; but, tho' we 
+thought that some of the Quakers would join us, we were by no means 
+sure of a majority. Only one Quaker, Mr. James Morris, appear'd to oppose 
+the measure. He expressed much sorrow that it had ever been propos'd, as 
+he said Friends were all against it, and it would create such discord as 
+
+104 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+might break up the company. We told him that we saw no reason for that; 
+we were the minority, and if Friends were against the measure, and 
+outvoted us, we must and should, agreeably to the usage of all societies, 
+submit. When the hour for business arriv'd it was mov'd to put the vote; he 
+allow'd we might then do it by the rules, but, as he could assure us that a 
+number of members intended to be present for the purpose of opposing it, 
+it would be but candid to allow a little time for their appearing. 
+
+While we were disputing this, a waiter came to tell me two gentlemen 
+below desir'd to speak with me. I went down, and found they were two of 
+our Quaker members. They told me there were eight of them assembled at 
+a tavern just by; that they were determin'd to come and vote with us if 
+there should be occasion, which they hop'd would not be the case, and 
+desir'd we would not call for their assistance if we could do without it, as 
+their voting for such a measure might embroil them with their elders and 
+friends. Being thus secure of a majority, I went up, and after a little 
+seeming hesitation, agreed to a delay of another hour. This Mr. Morris 
+allow'd to be extreamly fair. Not one of his opposing friends appear'd, at 
+which he express'd great surprize; and, at the expiration of the hour, we 
+carry'd the resolution eight to one; and as, of the twenty-two Quakers, 
+eight were ready to vote with us, and thirteen, by their absence, manifested 
+that they were not inclin'd to oppose the measure, I afterward estimated 
+the proportion of Quakers sincerely against defense as one to twenty-one 
+only; for these were all regular members of that society, and in good 
+reputation among them, and had due notice of what was propos'd at that 
+meeting. 
+
+The honorable and learned Mr. Logan, who had always been of that 
+sect, was one who wrote an address to them, declaring his approbation of 
+defensive war, and supporting his opinion by many strong arguments. He 
+put into my hands sixty pounds to be laid out in lottery tickets for the 
+battery, with directions to apply what prizes might be drawn wholly to that 
+service. He told me the following anecdote of his old master, William 
+Penn, respecting defense. He came over from England, when a young man, 
+with that proprietary, and as his secretary. It was war-time, and their ship 
+was chas'd by an armed vessel, suppos'd to be an enemy. Their captain 
+
+105 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+prepar'd for defense; but told William Penn and his company of Quakers, 
+that he did not expect their assistance, and they might retire into the cabin, 
+which they did, except James Logan, who chose to stay upon deck, and 
+was quarter'd to a gun. The suppos'd enemy prov'd a friend, so there was 
+no fighting; but when the secretary went down to communicate the 
+intelligence, William Penn rebuk'd him severely for staying upon deck, 
+and undertaking to assist in defending the vessel, contrary to the principles 
+of Friends, especially as it had not been required by the captain. This 
+reproof, being before all the company, piqu'd the secretary, who answer'd, 
+"I being thy servant, why did thee not order me to come down? But thee 
+was willing enough that I should stay and help to fight the ship when thee 
+thought there was danger." 
+
+My being many years in the Assembly, the majority of which were 
+constantly Quakers, gave me frequent opportunities of seeing the 
+embarrassment given them by their principle against war, whenever 
+application was made to them, by order of the crown, to grant aids for 
+military purposes. They were unwilling to offend government, on the one 
+hand, by a direct refusal; and their friends, the body of the Quakers, on the 
+other, by a compliance contrary to their principles; hence a variety of 
+evasions to avoid complying, and modes of disguising the compliance 
+when it became unavoidable. The common mode at last was, to grant 
+money under the phrase of its being "for the king's use," and never to 
+inquire how it was applied. 
+
+But, if the demand was not directly from the crown, that phrase was 
+found not so proper, and some other was to be invented. As, when powder 
+was wanting (I think it was for the garrison at Louisburg), and the 
+government of New England solicited a grant of some from Pennsilvania, 
+which was much urg'd on the House by Governor Thomas, they could not 
+grant money to buy powder, because that was an ingredient of war; but 
+they voted an aid to New England of three thousand pounds, to he put into 
+the hands of the governor, and appropriated it for the purchasing of bread, 
+flour, wheat, or other grain. Some of the council, desirous of giving the 
+House still further embarrassment, advis'd the governor not to accept 
+provision, as not being the thing he had demanded; but be reply'd, "I shall 
+
+106 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+take the money, for I understand very well their meaning; other grain is 
+gunpowder," which he accordingly bought, and they never objected to 
+it.<10> 
+
+<10> See the votes.--[Marg. note.] 
+It was in allusion to this fact that, when in our fire company we feared 
+the success of our proposal in favour of the lottery, and I had said to my 
+friend Mr. Syng, one of our members, "If we fail, let us move the purchase 
+of a fire-engine with the money; the Quakers can have no objection to that; 
+and then, if you nominate me and I you as a committee for that purpose, 
+we will buy a great gun, which is certainly a fire-engine." "I see," says he, 
+"you have improv'd by being so long in the Assembly; your equivocal 
+project would be just a match for their wheat or other grain." 
+
+These embarrassments that the Quakers suffer'd from having 
+establish'd and published it as one of their principles that no kind of war 
+was lawful, and which, being once published, they could not afterwards, 
+however they might change their minds, easily get rid of, reminds me of 
+what I think a more prudent conduct in another sect among us, that of the 
+Dunkers. I was acquainted with one of its founders, Michael Welfare, soon 
+after it appear'd. He complain'd to me that they were grievously 
+calumniated by the zealots of other persuasions, and charg'd with 
+abominable principles and practices, to which they were utter strangers. I 
+told him this had always been the case with new sects, and that, to put a 
+stop to such abuse, I imagin'd it might be well to publish the articles of 
+their belief, and the rules of their discipline. He said that it had been 
+propos'd among them, but not agreed to, for this reason: "When we were 
+first drawn together as a society," says he, "it had pleased God to enlighten 
+our minds so far as to see that some doctrines, which we once esteemed 
+truths, were errors; and that others, which we had esteemed errors, were 
+real truths. From time to time He has been pleased to afford us farther 
+light, and our principles have been improving, and our errors diminishing. 
+Now we are not sure that we are arrived at the end of this progression, and 
+at the perfection of spiritual or theological knowledge; and we fear that, if 
+we should once print our confession of faith, we should feel ourselves as if 
+bound and confin'd by it, and perhaps be unwilling to receive farther 
+
+107 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+improvement, and our successors still more so, as conceiving what we 
+their elders and founders had done, to be something sacred, never to be 
+departed from." 
+
+This modesty in a sect is perhaps a singular instance in the history of 
+mankind, every other sect supposing itself in possession of all truth, and 
+that those who differ are so far in the wrong; like a man traveling in foggy 
+weather, those at some distance before him on the road he sees wrapped 
+up in the fog, as well as those behind him, and also the people in the fields 
+on each side, but near him all appears clear, tho' in truth he is as much in 
+the fog as any of them. To avoid this kind of embarrassment, the Quakers 
+have of late years been gradually declining the public service in the 
+Assembly and in the magistracy, choosing rather to quit their power than 
+their principle. 
+
+In order of time, I should have mentioned before, that having, in 1742, 
+invented an open stove for the better warming of rooms, and at the same 
+time saving fuel, as the fresh air admitted was warmed in entering, I made 
+a present of the model to Mr. Robert Grace, one of my early friends, who, 
+having an iron-furnace, found the casting of the plates for these stoves a 
+profitable thing, as they were growing in demand. To promote that demand, 
+I wrote and published a pamphlet, entitled "An Account of the new-
+invented Pennsylvania Fireplaces; wherein their Construction and Manner 
+of Operation is particularly explained; their Advantages above every other 
+Method of warming Rooms demonstrated; and all Objections that have 
+been raised against the Use of them answered and obviated," etc. This 
+pamphlet had a good effect. Gov'r. Thomas was so pleas'd with the 
+construction of this stove, as described in it, that he offered to give me a 
+patent for the sole vending of them for a term of years; but I declin'd it 
+from a principle which has ever weighed with me on such occasions, viz., 
+That, as we enjoy great advantages from the inventions of others, we 
+should be glad of an opportunity to serve others by any invention of ours; 
+and this we should do freely and generously. 
+
+An ironmonger in London however, assuming a good deal of my 
+pamphlet, and working it up into his own, and making some small changes 
+in the machine, which rather hurt its operation, got a patent for it there, 
+
+108 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+and made, as I was told, a little fortune by it. And this is not the only 
+instance of patents taken out for my inventions by others, tho' not always 
+with the same success, which I never contested, as having no desire of 
+profiting by patents myself, and hating disputes. The use of these 
+fireplaces in very many houses, both of this and the neighbouring colonies, 
+has been, and is, a great saving of wood to the inhabitants. 
+
+Peace being concluded, and the association business therefore at an 
+end, I turn'd my thoughts again to the affair of establishing an academy. 
+The first step I took was to associate in the design a number of active 
+friends, of whom the Junto furnished a good part; the next was to write 
+and publish a pamphlet, entitled Proposals Relating to the Education of 
+Youth in Pennsylvania. This I distributed among the principal inhabitants 
+gratis; and as soon as I could suppose their minds a little prepared by the 
+perusal of it, I set on foot a subscription for opening and supporting an 
+academy; it was to be paid in quotas yearly for five years; by so dividing it, 
+I judg'd the subscription might be larger, and I believe it was so, 
+amounting to no less, if I remember right, than five thousand pounds. 
+
+In the introduction to these proposals, I stated their publication, not as 
+an act of mine, but of some publick-spirited gentlemen, avoiding as much 
+as I could, according to my usual rule, the presenting myself to the publick 
+as the author of any scheme for their benefit. 
+
+The subscribers, to carry the project into immediate execution, chose 
+out of their number twenty-four trustees, and appointed Mr. Francis, then 
+attorney-general, and myself to draw up constitutions for the government 
+of the academy; which being done and signed, a house was hired, masters 
+engag'd, and the schools opened, I think, in the same year, 1749. 
+
+The scholars increasing fast, the house was soon found too small, and 
+we were looking out for a piece of ground, properly situated, with 
+intention to build, when Providence threw into our way a large house 
+ready built, which, with a few alterations, might well serve our purpose. 
+This was the building before mentioned, erected by the hearers of Mr. 
+Whitefield, and was obtained for us in the following manner. 
+
+It is to be noted that the contributions to this building being made by 
+people of different sects, care was taken in the nomination of trustees, in 
+
+109 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+whom the building and ground was to be vested, that a predominancy 
+should not be given to any sect, lest in time that predominancy might be a 
+means of appropriating the whole to the use of such sect, contrary to the 
+original intention. It was therefore that one of each sect was appointed, 
+viz., one Church-of-England man, one Presbyterian, one Baptist, one 
+Moravian, etc., those, in case of vacancy by death, were to fill it by 
+election from among the contributors. The Moravian happen'd not to 
+please his colleagues, and on his death they resolved to have no other of 
+that sect. The difficulty then was, how to avoid having two of some other 
+sect, by means of the new choice. 
+
+Several persons were named, and for that reason not agreed to. At 
+length one mention'd me, with the observation that I was merely an honest 
+man, and of no sect at all, which prevail'd with them to chuse me. The 
+enthusiasm which existed when the house was built had long since abated, 
+and its trustees had not been able to procure fresh contributions for paying 
+the ground-rent, and discharging some other debts the building had 
+occasion'd, which embarrass'd them greatly. Being now a member of both 
+setts of trustees, that for the building and that for the Academy, I had a 
+good opportunity of negotiating with both, and brought them finally to an 
+agreement, by which the trustees for the building were to cede it to those 
+of the academy, the latter undertaking to discharge the debt, to keep for 
+ever open in the building a large hall for occasional preachers, according 
+to the original intention, and maintain a free- school for the instruction of 
+poor children. Writings were accordingly drawn, and on paying the debts 
+the trustees of the academy were put in possession of the premises; and by 
+dividing the great and lofty hall into stories, and different rooms above 
+and below for the several schools, and purchasing some additional ground, 
+the whole was soon made fit for our purpose, and the scholars remov'd 
+into the building. The care and trouble of agreeing with the workmen, 
+purchasing materials, and superintending the work, fell upon me; and I 
+went thro' it the more cheerfully, as it did not then interfere with my 
+private business, having the year before taken a very able, industrious, and 
+honest partner, Mr. David Hall, with whose character I was well 
+acquainted, as he had work'd for me four years. He took off my hands all 
+
+110 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+care of the printing-office, paying me punctually my share of the profits. 
+This partnership continued eighteen years, successfully for us both. 
+
+The trustees of the academy, after a while, were incorporated by a 
+charter from the governor; their funds were increas'd by contributions in 
+Britain and grants of land from the proprietaries, to which the Assembly 
+has since made considerable addition; and thus was established the present 
+University of Philadelphia. I have been continued one of its trustees from 
+the beginning, now near forty years, and have had the very great pleasure 
+of seeing a number of the youth who have receiv'd their education in it, 
+distinguish'd by their improv'd abilities, serviceable in public stations and 
+ornaments to their country. 
+
+When I disengaged myself, as above mentioned, from private business, 
+I flatter'd myself that, by the sufficient tho' moderate fortune I had acquir'd, 
+I had secured leisure during the rest of my life for philosophical studies 
+and amusements. I purchased all Dr. Spence's apparatus, who had come 
+from England to lecture here, and I proceeded in my electrical experiments 
+with great alacrity; but the publick, now considering me as a man of 
+leisure, laid hold of me for their purposes, every part of our civil 
+government, and almost at the same time, imposing some duty upon me. 
+The governor put me into the commission of the peace; the corporation of 
+the city chose me of the common council, and soon after an alderman; and 
+the citizens at large chose me a burgess to represent them in Assembly. 
+This latter station was the more agreeable to me, as I was at length tired 
+with sitting there to hear debates, in which, as clerk, I could take no part, 
+and which were often so unentertaining that I was induc'd to amuse myself 
+with making magic squares or circles, or any thing to avoid weariness; and 
+I conceiv'd my becoming a member would enlarge my power of doing 
+good. I would not, however, insinuate that my ambition was not flatter'd 
+by all these promotions; it certainly was; for, considering my low 
+beginning, they were great things to me; and they were still more pleasing, 
+as being so many spontaneous testimonies of the public good opinion, and 
+by me entirely unsolicited. 
+
+The office of justice of the peace I try'd a little, by attending a few 
+courts, and sitting on the bench to hear causes; but finding that more 
+
+111 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+knowledge of the common law than I possess'd was necessary to act in 
+that station with credit, I gradually withdrew from it, excusing myself by 
+my being oblig'd to attend the higher duties of a legislator in the Assembly. 
+My election to this trust was repeated every year for ten years, without my 
+ever asking any elector for his vote, or signifying, either directly or 
+indirectly, any desire of being chosen. On taking my seat in the House, my 
+son was appointed their clerk. 
+
+The year following, a treaty being to be held with the Indians at 
+Carlisle, the governor sent a message to the House, proposing that they 
+should nominate some of their members, to be join'd with some members 
+of council, as commissioners for that purpose.<11> The House named the 
+speaker (Mr. Norris) and myself; and, being commission'd, we went to 
+Carlisle, and met the Indians accordingly. 
+
+<11> See the votes to have this more correctly. --[Marg. note.] 
+As those people are extreamly apt to get drunk, and, when so, are very 
+quarrelsome and disorderly, we strictly forbad the selling any liquor to 
+them; and when they complain'd of this restriction, we told them that if 
+they would continue sober during the treaty, we would give them plenty of 
+rum when business was over. They promis'd this, and they kept their 
+promise, because they could get no liquor, and the treaty was conducted 
+very orderly, and concluded to mutual satisfaction. They then claim'd and 
+receiv'd the rum; this was in the afternoon; they were near one hundred 
+men, women, and children, and were lodg'd in temporary cabins, built in 
+the form of a square, just without the town. In the evening, hearing a great 
+noise among them, the commissioners walk'd out to see what was the 
+matter. We found they had made a great bonfire in the middle of the square; 
+they were all drunk, men and women, quarreling and fighting. Their darkcolour'd 
+bodies, half naked, seen only by the gloomy light of the bonfire, 
+running after and beating one another with firebrands, accompanied by 
+their horrid yellings, form'd a scene the most resembling our ideas of hell 
+that could well be imagin'd; there was no appeasing the tumult, and we 
+retired to our lodging. At midnight a number of them came thundering at 
+our door, demanding more rum, of which we took no notice. 
+
+The next day, sensible they had misbehav'd in giving us that 
+
+112 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+disturbance, they sent three of their old counselors to make their apology. 
+The orator acknowledg'd the fault, but laid it upon the rum; and then 
+endeavored to excuse the rum by saying, "The Great Spirit, who made all 
+things, made every thing for some use, and whatever use he design'd any 
+thing for, that use it should always be put to. Now, when he made rum, he 
+said 'Let this be for the Indians to get drunk with,' and it must be so." And, 
+indeed, if it be the design of Providence to extirpate these savages in order 
+to make room for cultivators of the earth, it seems not improbable that rum 
+may be the appointed means. It has already annihilated all the tribes who 
+formerly inhabited the sea-coast. 
+
+In 1751, Dr. Thomas Bond, a particular friend of mine, conceived the 
+idea of establishing a hospital in Philadelphia (a very beneficent design, 
+which has been ascrib'd to me, but was originally his), for the reception 
+and cure of poor sick persons, whether inhabitants of the province or 
+strangers. He was zealous and active in endeavouring to procure 
+subscriptions for it, but the proposal being a novelty in America, and at 
+first not well understood, he met with but small success. 
+
+At length he came to me with the compliment that he found there was 
+no such thing as carrying a public-spirited project through without my 
+being concern'd in it. "For," says he, "I am often ask'd by those to whom I 
+propose subscribing, Have you consulted Franklin upon this business? 
+And what does he think of it? And when I tell them that I have not 
+(supposing it rather out of your line), they do not subscribe, but say they 
+will consider of it." I enquired into the nature and probable utility of his 
+scheme, and receiving from him a very satisfactory explanation, I not only 
+subscrib'd to it myself, but engag'd heartily in the design of procuring 
+subscriptions from others. Previously, however, to the solicitation, I 
+endeavoured to prepare the minds of the people by writing on the subject 
+in the newspapers, which was my usual custom in such cases, but which 
+he had omitted. 
+
+The subscriptions afterwards were more free and generous; but, 
+beginning to flag, I saw they would be insufficient without some 
+assistance from the Assembly, and therefore propos'd to petition for it, 
+which was done. The country members did not at first relish the project; 
+
+113 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+they objected that it could only be serviceable to the city, and therefore the 
+citizens alone should be at the expense of it; and they doubted whether the 
+citizens themselves generally approv'd of it. My allegation on the contrary, 
+that it met with such approbation as to leave no doubt of our being able to 
+raise two thousand pounds by voluntary donations, they considered as a 
+most extravagant supposition, and utterly impossible. 
+
+On this I form'd my plan; and asking leave to bring in a bill for 
+incorporating the contributors according to the prayer of their petition, and 
+granting them a blank sum of money, which leave was obtained chiefly on 
+the consideration that the House could throw the bill out if they did not 
+like it, I drew it so as to make the important clause a conditional one, viz., 
+"And be it enacted, by the authority aforesaid, that when the said 
+contributors shall have met and chosen their managers and treasurer, and 
+shall have raised by their contributions a capital stock of ----- value (the 
+yearly interest of which is to be applied to the accommodating of the sick 
+poor in the said hospital, free of charge for diet, attendance, advice, and 
+medicines), and shall make the same appear to the satisfaction of the 
+speaker of the Assembly for the time being, that then it shall and may be 
+lawful for the said speaker, and be is hereby required, to sign an order on 
+the provincial treasurer for the payment of two thousand pounds, in two 
+yearly payments, to the treasurer of the said hospital, to be applied to the 
+founding, building, and finishing of the same." 
+
+This condition carried the bill through; for the members, who had 
+oppos'd the grant, and now conceiv'd they might have the credit of being 
+charitable without the expence, agreed to its passage; and then, in 
+soliciting subscriptions among the people, we urg'd the conditional 
+promise of the law as an additional motive to give, since every man's 
+donation would be doubled; thus the clause work'd both ways. The 
+subscriptions accordingly soon exceeded the requisite sum, and we claim'd 
+and receiv'd the public gift, which enabled us to carry the design into 
+execution. A convenient and handsome building was soon erected; the 
+institution has by constant experience been found useful, and flourishes to 
+this day; and I do not remember any of my political manoeuvres, the 
+success of which gave me at the time more pleasure, or wherein, after 
+
+114 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+thinking of it, I more easily excus'd myself for having made some use of 
+cunning. 
+
+It was about this time that another projector, the Rev. Gilbert Tennent, 
+came to me with a request that I would assist him in procuring a 
+subscription for erecting a new meeting-house. It was to he for the use of a 
+congregation he had gathered among the Presbyterians, who were 
+originally disciples of Mr. Whitefield. Unwilling to make myself 
+disagreeable to my fellow-citizens by too frequently soliciting their 
+contributions, I absolutely refus'd. He then desired I would furnish him 
+with a list of the names of persons I knew by experience to be generous 
+and public-spirited. I thought it would be unbecoming in me, after their 
+kind compliance with my solicitations, to mark them out to be worried by 
+other beggars, and therefore refus'd also to give such a list. He then desir'd 
+I would at least give him my advice. "That I will readily do," said I; "and, 
+in the first place, I advise you to apply to all those whom you know will 
+give something; next, to those whom you are uncertain whether they will 
+give any thing or not, and show them the list of those who have given; and, 
+lastly, do not neglect those who you are sure will give nothing, for in some 
+of them you may be mistaken." He laugh'd and thank'd me, and said he 
+would take my advice. He did so, for he ask'd of everybody, and he 
+obtained a much larger sum than he expected, with which he erected the 
+capacious and very elegant meeting-house that stands in Arch-street. 
+
+Our city, tho' laid out with a beautiful regularity, the streets large, strait, 
+and crossing each other at right angles, had the disgrace of suffering those 
+streets to remain long unpav'd, and in wet weather the wheels of heavy 
+carriages plough'd them into a quagmire, so that it was difficult to cross 
+them; and in dry weather the dust was offensive. I had liv'd near what was 
+call'd the Jersey Market, and saw with pain the inhabitants wading in mud 
+while purchasing their provisions. A strip of ground down the middle of 
+that market was at length pav'd with brick, so that, being once in the 
+market, they had firm footing, but were often over shoes in dirt to get there. 
+By talking and writing on the subject, I was at length instrumental in 
+getting the street pav'd with stone between the market and the brick'd foot-
+pavement, that was on each side next the houses. This, for some time, 
+
+115 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+gave an easy access to the market dry-shod; but, the rest of the street not 
+being pav'd, whenever a carriage came out of the mud upon this pavement, 
+it shook off and left its dirt upon it, and it was soon cover'd with mire, 
+which was not remov'd, the city as yet having no scavengers. 
+
+After some inquiry I found a poor industrious man, who was willing to 
+undertake keeping the pavement clean, by sweeping it twice a week, 
+carrying off the dirt from before all the neighbours' doors, for the sum of 
+sixpence per month, to be paid by each house. I then wrote and printed a 
+paper setting forth the advantages to the neighbourhood that might be 
+obtain'd by this small expense; the greater ease in keeping our houses 
+clean, so much dirt not being brought in by people's feet; the benefit to the 
+shops by more custom, etc., etc., as buyers could more easily get at them; 
+and by not having, in windy weather, the dust blown in upon their goods, 
+etc., etc. I sent one of these papers to each house, and in a day or two went 
+round to see who would subscribe an agreement to pay these sixpences; it 
+was unanimously sign'd, and for a time well executed. All the inhabitants 
+of the city were delighted with the cleanliness of the pavement that 
+surrounded the market, it being a convenience to all, and this rais'd a 
+general desire to have all the streets paved, and made the people more 
+willing to submit to a tax for that purpose. 
+
+After some time I drew a bill for paving the city, and brought it into 
+the Assembly. It was just before I went to England, in 1757, and did not 
+pass till I was gone.<12> and then with an alteration in the mode of 
+assessment, which I thought not for the better, but with an additional 
+provision for lighting as well as paving the streets, which was a great 
+improvement. It was by a private person, the late Mr. John Clifton, his 
+giving a sample of the utility of lamps, by placing one at his door, that the 
+people were first impress'd with the idea of enlighting all the city. The 
+honour of this public benefit has also been ascrib'd to me but it belongs 
+truly to that gentleman. I did but follow his example, and have only some 
+merit to claim respecting the form of our lamps, as differing from the 
+globe lamps we were at first supply'd with from London. Those we found 
+inconvenient in these respects: they admitted no air below; the smoke, 
+therefore, did not readily go out above, but circulated in the globe, lodg'd 
+
+116 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+on its inside, and soon obstructed the light they were intended to afford; 
+giving, besides, the daily trouble of wiping them clean; and an accidental 
+stroke on one of them would demolish it, and render it totally useless. I 
+therefore suggested the composing them of four flat panes, with a long 
+funnel above to draw up the smoke, and crevices admitting air below, to 
+facilitate the ascent of the smoke; by this means they were kept clean, and 
+did not grow dark in a few hours, as the London lamps do, but continu'd 
+bright till morning, and an accidental stroke would generally break but a 
+single pane, easily repair'd. 
+
+<12> See votes. 
+I have sometimes wonder'd that the Londoners did not, from the effect 
+holes in the bottom of the globe lamps us'd at Vauxhall have in keeping 
+them clean, learn to have such holes in their street lamps. But, these holes 
+being made for another purpose, viz., to communicate flame more 
+suddenly to the wick by a little flax hanging down thro' them, the other use, 
+of letting in air, seems not to have been thought of; and therefore, after the 
+lamps have been lit a few hours, the streets of London are very poorly 
+illuminated. 
+
+The mention of these improvements puts me in mind of one I propos'd, 
+when in London, to Dr. Fothergill, who was among the best men I have 
+known, and a great promoter of useful projects. I had observ'd that the 
+streets, when dry, were never swept, and the light dust carried away; but it 
+was suffer'd to accumulate till wet weather reduc'd it to mud, and then, 
+after lying some days so deep on the pavement that there was no crossing 
+but in paths kept clean by poor people with brooms, it was with great 
+labour rak'd together and thrown up into carts open above, the sides of 
+which suffer'd some of the slush at every jolt on the pavement to shake out 
+and fall, sometimes to the annoyance of foot-passengers. The reason given 
+for not sweeping the dusty streets was, that the dust would fly into the 
+windows of shops and houses. 
+
+An accidental occurrence had instructed me how much sweeping 
+might be done in a little time. I found at my door in Craven-street, one 
+morning, a poor woman sweeping my pavement with a birch broom; she 
+appeared very pale and feeble, as just come out of a fit of sickness. I ask'd 
+
+117 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+who employ'd her to sweep there; she said, "Nobody, but I am very poor 
+and in distress, and I sweeps before gentlefolkses doors, and hopes they 
+will give me something." I bid her sweep the whole street clean, and I 
+would give her a shilling; this was at nine o'clock; at 12 she came for the 
+shilling. From the slowness I saw at first in her working, I could scarce 
+believe that the work was done so soon, and sent my servant to examine it, 
+who reported that the whole street was swept perfectly clean, and all the 
+dust plac'd in the gutter, which was in the middle; and the next rain wash'd 
+it quite away, so that the pavement and even the kennel were perfectly 
+clean. 
+
+I then judg'd that, if that feeble woman could sweep such a street in 
+three hours, a strong, active man might have done it in half the time. And 
+here let me remark the convenience of having but one gutter in such a 
+narrow street, running down its middle, instead of two, one on each side, 
+near the footway; for where all the rain that falls on a street runs from the 
+sides and meets in the middle, it forms there a current strong enough to 
+wash away all the mud it meets with; but when divided into two channels, 
+it is often too weak to cleanse either, and only makes the mud it finds 
+more fluid, so that the wheels of carriages and feet of horses throw and 
+dash it upon the foot-pavement, which is thereby rendered foul and 
+slippery, and sometimes splash it upon those who are walking. My 
+proposal, communicated to the good doctor, was as follows: 
+
+"For the more effectual cleaning and keeping clean the streets of 
+London and Westminster, it is proposed that the several watchmen be 
+contracted with to have the dust swept up in dry seasons, and the mud 
+rak'd up at other times, each in the several streets and lanes of his round; 
+that they be furnish'd with brooms and other proper instruments for these 
+purposes, to be kept at their respective stands, ready to furnish the poor 
+people they may employ in the service. 
+
+"That in the dry summer months the dust be all swept up into heaps at 
+proper distances, before the shops and windows of houses are usually 
+opened, when the scavengers, with close-covered carts, shall also carry it 
+all away. 
+
+"That the mud, when rak'd up, be not left in heaps to be spread abroad 
+
+118 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+again by the wheels of carriages and trampling of horses, but that the 
+scavengers be provided with bodies of carts, not plac'd high upon wheels, 
+but low upon sliders, with lattice bottoms, which, being cover'd with straw, 
+will retain the mud thrown into them, and permit the water to drain from it, 
+whereby it will become much lighter, water making the greatest part of its 
+weight; these bodies of carts to be plac'd at convenient distances, and the 
+mud brought to them in wheel-barrows; they remaining where plac'd till 
+the mud is drain'd, and then horses brought to draw them away." 
+
+I have since had doubts of the practicability of the latter part of this 
+proposal, on account of the narrowness of some streets, and the difficulty 
+of placing the draining-sleds so as not to encumber too much the passage; 
+but I am still of opinion that the former, requiring the dust to be swept up 
+and carry'd away before the shops are open, is very practicable in the 
+summer, when the days are long; for, in walking thro' the Strand and Fleet-
+street one morning at seven o'clock, I observ'd there was not one shop 
+open, tho' it had been daylight and the sun up above three hours; the 
+inhabitants of London chusing voluntarily to live much by candle-light, 
+and sleep by sunshine, and yet often complain, a little absurdly, of the duty 
+on candles and the high price of tallow. 
+
+Some may think these trifling matters not worth minding or relating; 
+but when they consider that tho' dust blown into the eyes of a single 
+person, or into a single shop on a windy day, is but of small importance, 
+yet the great number of the instances in a populous city, and its frequent 
+repetitions give it weight and consequence, perhaps they will not censure 
+very severely those who bestow some attention to affairs of this seemingly 
+low nature. Human felicity is produc'd not so much by great pieces of 
+good fortune that seldom happen, as by little advantages that occur every 
+day. Thus, if you teach a poor young man to shave himself, and keep his 
+razor in order, you may contribute more to the happiness of his life than in 
+giving him a thousand guineas. The money may be soon spent, the regret 
+only remaining of having foolishly consumed it; but in the other case, he 
+escapes the frequent vexation of waiting for barbers, and of their 
+sometimes dirty fingers, offensive breaths, and dull razors; he shaves 
+when most convenient to him, and enjoys daily the pleasure of its being 
+
+119 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+done with a good instrument. With these sentiments I have hazarded the 
+few preceding pages, hoping they may afford hints which some time or 
+other may be useful to a city I love, having lived many years in it very 
+happily, and perhaps to some of our towns in America. 
+
+Having been for some time employed by the postmaster-general of 
+America as his comptroller in regulating several offices, and bringing the 
+officers to account, I was, upon his death in 1753, appointed, jointly with 
+Mr. William Hunter, to succeed him, by a commission from the 
+postmaster-general in England. The American office never had hitherto 
+paid any thing to that of Britain. We were to have six hundred pounds a 
+year between us, if we could make that sum out of the profits of the office. 
+To do this, a variety of improvements were necessary; some of these were 
+inevitably at first expensive, so that in the first four years the office 
+became above nine hundred pounds in debt to us. But it soon after began 
+to repay us; and before I was displac'd by a freak of the ministers, of 
+which I shall speak hereafter, we had brought it to yield three times as 
+much clear revenue to the crown as the postoffice of Ireland. Since that 
+imprudent transaction, they have receiv'd from it-- not one farthing! 
+
+The business of the postoffice occasion'd my taking a journey this year 
+to New England, where the College of Cambridge, of their own motion, 
+presented me with the degree of Master of Arts. Yale College, in 
+Connecticut, had before made me a similar compliment. Thus, without 
+studying in any college, I came to partake of their honours. They were 
+conferr'd in consideration of my improvements and discoveries in the 
+electric branch of natural philosophy. 
+
+In 1754, war with France being again apprehended, a congress of 
+commissioners from the different colonies was, by an order of the Lords 
+of Trade, to be assembled at Albany, there to confer with the chiefs of the 
+Six Nations concerning the means of defending both their country and 
+ours. Governor Hamilton, having receiv'd this order, acquainted the House 
+with it, requesting they would furnish proper presents for the Indians, to be 
+given on this occasion; and naming the speaker (Mr. Norris) and myself to 
+join Mr. Thomas Penn and Mr. Secretary Peters as commissioners to act 
+for Pennsylvania. The House approv'd the nomination, and provided the 
+
+120 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+goods for the present, and tho' they did not much like treating out of the 
+provinces; and we met the other commissioners at Albany about the 
+middle of June. 
+
+In our way thither, I projected and drew a plan for the union of all the 
+colonies under one government, so far as might be necessary for defense, 
+and other important general purposes. As we pass'd thro' New York, I had 
+there shown my project to Mr. James Alexander and Mr. Kennedy, two 
+gentlemen of great knowledge in public affairs, and, being fortified by 
+their approbation, I ventur'd to lay it before the Congress. It then appeared 
+that several of the commissioners had form'd plans of the same kind. A 
+previous question was first taken, whether a union should be established, 
+which pass'd in the affirmative unanimously. A committee was then 
+appointed, one member from each colony, to consider the several plans 
+and report. Mine happen'd to be preferr'd, and, with a few amendments, 
+was accordingly reported. 
+
+By this plan the general government was to be administered by a 
+president-general, appointed and supported by the crown, and a grand 
+council was to be chosen by the representatives of the people of the 
+several colonies, met in their respective assemblies. The debates upon it in 
+Congress went on daily, hand in hand with the Indian business. Many 
+objections and difficulties were started, but at length they were all 
+overcome, and the plan was unanimously agreed to, and copies ordered to 
+be transmitted to the Board of Trade and to the assemblies of the several 
+provinces. Its fate was singular: the assemblies did not adopt it, as they all 
+thought there was too much prerogative in it, and in England it was judg'd 
+to have too much of the democratic. 
+
+The Board of Trade therefore did not approve of it, nor recommend it 
+for the approbation of his majesty; but another scheme was form'd, 
+supposed to answer the same purpose better, whereby the governors of the 
+provinces, with some members of their respective councils, were to meet 
+and order the raising of troops, building of forts, etc., and to draw on the 
+treasury of Great Britain for the expense, which was afterwards to be 
+refunded by an act of Parliament laying a tax on America. My plan, with 
+my reasons in support of it, is to be found among my political papers that 
+
+121 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+are printed. 
+
+Being the winter following in Boston, I had much conversation with 
+Governor Shirley upon both the plans. Part of what passed between us on 
+the occasion may also be seen among those papers. The different and 
+contrary reasons of dislike to my plan makes me suspect that it was really 
+the true medium; and I am still of opinion it would have been happy for 
+both sides the water if it had been adopted. The colonies, so united, would 
+have been sufficiently strong to have defended themselves; there would 
+then have been no need of troops from England; of course, the subsequent 
+pretence for taxing America, and the bloody contest it occasioned, would 
+have been avoided. But such mistakes are not new; history is full of the 
+errors of states and princes. 
+
+Look round the habitable world, how few Know their own good, or, 
+knowing it, pursue! 
+
+Those who govern, having much business on their hands, do not 
+generally like to take the trouble of considering and carrying into 
+execution new projects. The best public measures are therefore seldom 
+adopted from previous wisdom, but forc'd by the occasion. 
+
+The Governor of Pennsylvania, in sending it down to the Assembly, 
+express'd his approbation of the plan, "as appearing to him to be drawn up 
+with great clearness and strength of judgment, and therefore recommended 
+it as well worthy of their closest and most serious attention." The House, 
+however, by the management of a certain member, took it up when I 
+happen'd to be absent, which I thought not very fair, and reprobated it 
+without paying any attention to it at all, to my no small mortification. 
+
+In my journey to Boston this year, I met at New York with our new 
+governor, Mr. Morris, just arriv'd there from England, with whom I had 
+been before intimately acquainted. He brought a commission to supersede 
+Mr. Hamilton, who, tir'd with the disputes his proprietary instructions 
+subjected him to, had resign'd. Mr. Morris ask'd me if I thought he must 
+expect as uncomfortable an administration. I said, "No; you may, on the 
+contrary, have a very comfortable one, if you will only take care not to 
+enter into any dispute with the Assembly." "My dear friend," says he, 
+pleasantly, "how can you advise my avoiding disputes? You know I love 
+
+122 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+disputing; it is one of my greatest pleasures; however, to show the regard I 
+have for your counsel, I promise you I will, if possible, avoid them." He 
+had some reason for loving to dispute, being eloquent, an acute sophister, 
+and, therefore, generally successful in argumentative conversation. He had 
+been brought up to it from a boy, his father, as I have heard, accustoming 
+his children to dispute with one another for his diversion, while sitting at 
+table after dinner; but I think the practice was not wise; for, in the course 
+of my observation, these disputing, contradicting, and confuting people are 
+generally unfortunate in their affairs. They get victory sometimes, but they 
+never get good will, which would be of more use to them. We parted, he 
+going to Philadelphia, and I to Boston. 
+
+In returning, I met at New York with the votes of the Assembly, by 
+which it appear'd that, notwithstanding his promise to me, he and the 
+House were already in high contention; and it was a continual battle 
+between them as long as he retain'd the government. I had my share of it; 
+for, as soon as I got back to my seat in the Assembly, I was put on every 
+committee for answering his speeches and messages, and by the 
+committees always desired to make the drafts. Our answers, as well as his 
+messages, were often tart, and sometimes indecently abusive; and, as he 
+knew I wrote for the Assembly, one might have imagined that, when we 
+met, we could hardly avoid cutting throats; but he was so good-natur'd a 
+man that no personal difference between him and me was occasion'd by 
+the contest, and we often din'd together. 
+
+One afternoon, in the height of this public quarrel, we met in the street. 
+"Franklin," says he, "you must go home with me and spend the evening; I 
+am to have some company that you will like;" and, taking me by the arm, 
+he led me to his house. In gay conversation over our wine, after supper, he 
+told us, jokingly, that he much admir'd the idea of Sancho Panza, who, 
+when it was proposed to give him a government, requested it might be a 
+government of blacks, as then, if he could not agree with his people, he 
+might sell them. One of his friends, who sat next to me, says, "Franklin, 
+why do you continue to side with these damn'd Quakers? Had not you 
+better sell them? The proprietor would give you a good price." "The 
+governor," says I, "has not yet blacked them enough." He, indeed, had 
+
+123 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+labored hard to blacken the Assembly in all his messages, but they wip'd 
+off his coloring as fast as he laid it on, and plac'd it, in return, thick upon 
+his own face; so that, finding he was likely to be negrofied himself, he, as 
+well as Mr. Hamilton, grew tir'd of the contest, and quitted the 
+government. 
+
+<13>These public quarrels were all at bottom owing to the 
+proprietaries, our hereditary governors, who, when any expense was to be 
+incurred for the defense of their province, with incredible meanness 
+instructed their deputies to pass no act for levying the necessary taxes, 
+unless their vast estates were in the same act expressly excused; and they 
+had even taken bonds of these deputies to observe such instructions. The 
+Assemblies for three years held out against this injustice, tho' constrained 
+to bend at last. At length Captain Denny, who was Governor Morris's 
+successor, ventured to disobey those instructions; how that was brought 
+about I shall show hereafter. 
+<13> My acts in Morris's time, military, etc.--[Marg. note.] 
+But I am got forward too fast with my story: there are still some 
+transactions to be mention'd that happened during the administration of 
+Governor Morris. 
+
+War being in a manner commenced with France, the government of 
+Massachusetts Bay projected an attack upon Crown Point, and sent Mr. 
+Quincy to Pennsylvania, and Mr. Pownall, afterward Governor Pownall, to 
+New York, to solicit assistance. As I was in the Assembly, knew its temper, 
+and was Mr. Quincy's countryman, he appli'd to me for my influence and 
+assistance. I dictated his address to them, which was well receiv'd. They 
+voted an aid of ten thousand pounds, to be laid out in provisions. But the 
+governor refusing his assent to their bill (which included this with other 
+sums granted for the use of the crown), unless a clause were inserted 
+exempting the proprietary estate from bearing any part of the tax that 
+would be necessary, the Assembly, tho' very desirous of making their grant 
+to New England effectual, were at a loss how to accomplish it. Mr. Quincy 
+labored hard with the governor to obtain his assent, but he was obstinate. 
+
+I then suggested a method of doing the business without the governor, 
+by orders on the trustees of the Loan Office, which, by law, the Assembly 
+
+124 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+had the right of drawing. There was, indeed, little or no money at that time 
+in the office, and therefore I propos'd that the orders should be payable in 
+a year, and to bear an interest of five per cent. With these orders I suppos'd 
+the provisions might easily be purchas'd. The Assembly, with very little 
+hesitation, adopted the proposal. The orders were immediately printed, and 
+I was one of the committee directed to sign and dispose of them. The fund 
+for paying them was the interest of all the paper currency then extant in 
+the province upon loan, together with the revenue arising from the excise, 
+which being known to be more than sufficient, they obtain'd instant credit, 
+and were not only receiv'd in payment for the provisions, but many 
+money'd people, who had cash lying by them, vested it in those orders, 
+which they found advantageous, as they bore interest while upon hand, 
+and might on any occasion be used as money; so that they were eagerly all 
+bought up, and in a few weeks none of them were to be seen. Thus this 
+important affair was by my means compleated. My Quincy return'd thanks 
+to the Assembly in a handsome memorial, went home highly pleas'd with 
+the success of his embassy, and ever after bore for me the most cordial and 
+affectionate friendship. 
+
+The British government, not chusing to permit the union of the 
+colonies as propos'd at Albany, and to trust that union with their defense, 
+lest they should thereby grow too military, and feel their own strength, 
+suspicions and jealousies at this time being entertain'd of them, sent over 
+General Braddock with two regiments of regular English troops for that 
+purpose. He landed at Alexandria, in Virginia, and thence march'd to 
+Frederictown, in Maryland, where he halted for carriages. Our Assembly 
+apprehending, from some information, that he had conceived violent 
+prejudices against them, as averse to the service, wish'd me to wait upon 
+him, not as from them, but as postmaster-general, under the guise of 
+proposing to settle with him the mode of conducting with most celerity 
+and certainty the despatches between him and the governors of the several 
+provinces, with whom he must necessarily have continual correspondence, 
+and of which they propos'd to pay the expense. My son accompanied me 
+on this journey. 
+
+We found the general at Frederictown, waiting impatiently for the 
+
+125 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+return of those he had sent thro' the back parts of Maryland and Virginia to 
+collect waggons. I stayed with him several days, din'd with him daily, and 
+had full opportunity of removing all his prejudices, by the information of 
+what the Assembly had before his arrival actually done, and were still 
+willing to do, to facilitate his operations. When I was about to depart, the 
+returns of waggons to be obtained were brought in, by which it appear'd 
+that they amounted only to twenty-five, and not all of those were in 
+serviceable condition. The general and all the officers were surpris'd, 
+declar'd the expedition was then at an end, being impossible, and 
+exclaim'd against the ministers for ignorantly landing them in a country 
+destitute of the means of conveying their stores, baggage, etc., not less 
+than one hundred and fifty waggons being necessary. 
+
+I happened to say I thought it was a pity they had not been landed 
+rather in Pennsylvania, as in that country almost every farmer had his 
+waggon. The general eagerly laid hold of my words, and said, "Then you, 
+sir, who are a man of interest there, can probably procure them for us; and 
+I beg you will undertake it." I ask'd what terms were to be offer'd the 
+owners of the waggons; and I was desir'd to put on paper the terms that 
+appeared to me necessary. This I did, and they were agreed to, and a 
+commission and instructions accordingly prepar'd immediately. What 
+those terms were will appear in the advertisement I publish'd as soon as I 
+arriv'd at Lancaster, which being, from the great and sudden effect it 
+produc'd, a piece of some curiosity, I shall insert it at length, as follows: 
+
+"ADVERTISEMENT. "LANCASTER, April 26, 1755. 
+
+"Whereas, one hundred and fifty waggons, with four horses to each 
+waggon, and fifteen hundred saddle or pack horses, are wanted for the 
+service of his majesty's forces now about to rendezvous at Will's Creek, 
+and his excellency General Braddock having been pleased to empower me 
+to contract for the hire of the same, I hereby give notice that I shall attend 
+for that purpose at Lancaster from this day to next Wednesday evening, 
+and at York from next Thursday morning till Friday evening, where I shall 
+be ready to agree for waggons and teams, or single horses, on the 
+following terms, viz.: I. That there shall be paid for each waggon, with 
+four good horses and a driver, fifteen shillings per diem; and for each able 
+
+126 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+horse with a pack-saddle, or other saddle and furniture, two shillings per 
+diem; and for each able horse without a saddle, eighteen pence per diem. 2. 
+That the pay commence from the time of their joining the forces at Will's 
+Creek, which must be on or before the 20th of May ensuing, and that a 
+reasonable allowance be paid over and above for the time necessary for 
+their travelling to Will's Creek and home again after their discharge. 3. 
+Each waggon and team, and every saddle or pack horse, is to be valued by 
+indifferent persons chosen between me and the owner; and in case of the 
+loss of any waggon, team, or other horse in the service, the price according 
+to such valuation is to be allowed and paid. 4. Seven days' pay is to be 
+advanced and paid in hand by me to the owner of each waggon and team, 
+or horse, at the time of contracting, if required, and the remainder to be 
+paid by General Braddock, or by the paymaster of the army, at the time of 
+their discharge, or from time to time, as it shall be demanded. 5. No 
+drivers of waggons, or persons taking care of the hired horses, are on any 
+account to be called upon to do the duty of soldiers, or be otherwise 
+employed than in conducting or taking care of their carriages or horses. 6. 
+All oats, Indian corn, or other forage that waggons or horses bring to the 
+camp, more than is necessary for the subsistence of the horses, is to be 
+taken for the use of the army, and a reasonable price paid for the same. 
+
+"Note.--My son, William Franklin, is empowered to enter into like 
+contracts with any person in Cumberland county. "B. FRANKLIN." 
+"To the inhabitants of the Counties of Lancaster, York and 
+
+Cumberland. 
+
+"Friends and Countrymen, 
+
+"Being occasionally at the camp at Frederic a few days since, I found 
+the general and officers extremely exasperated on account of their not 
+being supplied with horses and carriages, which had been expected from 
+this province, as most able to furnish them; but, through the dissensions 
+between our governor and Assembly, money had not been provided, nor 
+any steps taken for that purpose. 
+
+"It was proposed to send an armed force immediately into these 
+counties, to seize as many of the best carriages and horses as should be 
+wanted, and compel as many persons into the service as would be 
+
+127 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+necessary to drive and take care of them. 
+
+"I apprehended that the progress of British soldiers through these 
+counties on such an occasion, especially considering the temper they are in, 
+and their resentment against us, would be attended with many and great 
+inconveniences to the inhabitants, and therefore more willingly took the 
+trouble of trying first what might be done by fair and equitable means. The 
+people of these back counties have lately complained to the Assembly that 
+a sufficient currency was wanting; you have an opportunity of receiving 
+and dividing among you a very considerable sum; for, if the service of this 
+expedition should continue, as it is more than probable it will, for one 
+hundred and twenty days, the hire of these waggons and horses will 
+amount to upward of thirty thousand pounds, which will be paid you in 
+silver and gold of the king's money. 
+
+"The service will be light and easy, for the army will scarce march 
+above twelve miles per day, and the waggons and baggage-horses, as they 
+carry those things that are absolutely necessary to the welfare of the army, 
+must march with the army, and no faster; and are, for the army's sake, 
+always placed where they can be most secure, whether in a march or in a 
+camp. 
+
+"If you are really, as I believe you are, good and loyal subjects to his 
+majesty, you may now do a most acceptable service, and make it easy to 
+yourselves; for three or four of such as can not separately spare from the 
+business of their plantations a waggon and four horses and a driver, may 
+do it together, one furnishing the waggon, another one or two horses, and 
+another the driver, and divide the pay proportionately between you; but if 
+you do not this service to your king and country voluntarily, when such 
+good pay and reasonable terms are offered to you, your loyalty will be 
+strongly suspected. The king's business must be done; so many brave 
+troops, come so far for your defense, must not stand idle through your 
+backwardness to do what may be reasonably expected from you; waggons 
+and horses must be had; violent measures will probably be used, and you 
+will be left to seek for a recompense where you can find it, and your case, 
+perhaps, be little pitied or regarded. 
+
+"I have no particular interest in this affair, as, except the satisfaction of 
+
+128 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+endeavoring to do good, I shall have only my labour for my pains. If this 
+method of obtaining the waggons and horses is not likely to succeed, I am 
+obliged to send word to the general in fourteen days; and I suppose Sir 
+John St. Clair, the hussar, with a body of soldiers, will immediately enter 
+the province for the purpose, which I shall be sorry to hear, because I am 
+very sincerely and truly your friend and well-wisher, B. FRANKLIN." 
+
+I received of the general about eight hundred pounds, to be disbursed 
+in advance-money to the waggon owners, etc.; but, that sum being 
+insufficient, I advanc'd upward of two hundred pounds more, and in two 
+weeks the one hundred and fifty waggons, with two hundred and fifty-nine 
+carrying horses, were on their march for the camp. The advertisement 
+promised payment according to the valuation, in case any waggon or horse 
+should be lost. The owners, however, alleging they did not know General 
+Braddock, or what dependence might be had on his promise, insisted on 
+my bond for the performance, which I accordingly gave them. 
+
+While I was at the camp, supping one evening with the officers of 
+Colonel Dunbar's regiment, he represented to me his concern for the 
+subalterns, who, he said, were generally not in affluence, and could ill 
+afford, in this dear country, to lay in the stores that might be necessary in 
+so long a march, thro' a wilderness, where nothing was to be purchas'd. I 
+commiserated their case, and resolved to endeavor procuring them some 
+relief. I said nothing, however, to him of my intention, but wrote the next 
+morning to the committee of the Assembly, who had the disposition of 
+some public money, warmly recommending the case of these officers to 
+their consideration, and proposing that a present should be sent them of 
+necessaries and refreshments. My son, who had some experience of a 
+camp life, and of its wants, drew up a list for me, which I enclos'd in my 
+letter. The committee approv'd, and used such diligence that, conducted by 
+my son, the stores arrived at the camp as soon as the waggons. They 
+consisted of twenty parcels, each containing 
+
+6 lbs. loaf sugar. 1 Gloucester cheese. 6 lbs. good Muscovado do. 1 
+kegg containing 20 lbs. good 1 lb. good green tea. butter. 1 lb. good bohea 
+do. 2 doz. old Madeira wine. 6 lbs. good ground coffee. 2 gallons Jamaica 
+spirits. 6 lbs. chocolate. 1 bottle flour of mustard. 1-2 cwt. best white 
+
+129 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+biscuit. 2 well-cur'd hams. 1-2 lb. pepper. 1-2 dozen dry'd tongues. 1 quart 
+best white wine vinegar 6 lbs. rice. 6 lbs. raisins. 
+
+These twenty parcels, well pack'd, were placed on as many horses, 
+each parcel, with the horse, being intended as a present for one officer. 
+They were very thankfully receiv'd, and the kindness acknowledg'd by 
+letters to me from the colonels of both regiments, in the most grateful 
+terms. The general, too, was highly satisfied with my conduct in procuring 
+him the waggons, etc., and readily paid my account of disbursements, 
+thanking me repeatedly, and requesting my farther assistance in sending 
+provisions after him. I undertook this also, and was busily employ'd in it 
+till we heard of his defeat, advancing for the service of my own money, 
+upwards of one thousand pounds sterling, of which I sent him an account. 
+It came to his hands, luckily for me, a few days before the battle, and he 
+return'd me immediately an order on the paymaster for the round sum of 
+one thousand pounds, leaving the remainder to the next account. I consider 
+this payment as good luck, having never been able to obtain that 
+remainder, of which more hereafter. 
+
+This general was, I think, a brave man, and might probably have made 
+a figure as a good officer in some European war. But he had too much 
+self-confidence, too high an opinion of the validity of regular troops, and 
+too mean a one of both Americans and Indians. George Croghan, our 
+Indian interpreter, join'd him on his march with one hundred of those 
+people, who might have been of great use to his army as guides, scouts, 
+etc., if he had treated them kindly; but he slighted and neglected them, and 
+they gradually left him. 
+
+In conversation with him one day, he was giving me some account of 
+his intended progress. "After taking Fort Duquesne," says he, "I am to 
+proceed to Niagara; and, having taken that, to Frontenac, if the season will 
+allow time; and I suppose it will, for Duquesne can hardly detain me 
+above three or four days; and then I see nothing that can obstruct my 
+march to Niagara." Having before revolv'd in my mind the long line his 
+army must make in their march by a very narrow road, to be cut for them 
+thro' the woods and bushes, and also what I had read of a former defeat of 
+fifteen hundred French, who invaded the Iroquois country, I had conceiv'd 
+
+130 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+some doubts and some fears for the event of the campaign. But I ventur'd 
+only to say, "To be sure, sir, if you arrive well before Duquesne, with these 
+fine troops, so well provided with artillery, that place not yet compleatly 
+fortified, and as we hear with no very strong garrison, can probably make 
+but a short resistance. The only danger I apprehend of obstruction to your 
+march is from ambuscades of Indians, who, by constant practice, are 
+dexterous in laying and executing them; and the slender line, near four 
+miles long, which your army must make, may expose it to be attack'd by 
+surprise in its flanks, and to be cut like a thread into several pieces, which, 
+from their distance, can not come up in time to support each other." 
+
+He smil'd at my ignorance, and reply'd, "These savages may, indeed, 
+be a formidable enemy to your raw American militia, but upon the king's 
+regular and disciplin'd troops, sir, it is impossible they should make any 
+impression." I was conscious of an impropriety in my disputing with a 
+military man in matters of his profession, and said no more. The enemy, 
+however, did not take the advantage of his army which I apprehended its 
+long line of march expos'd it to, but let it advance without interruption till 
+within nine miles of the place; and then, when more in a body (for it had 
+just passed a river, where the front had halted till all were come over), and 
+in a more open part of the woods than any it had pass'd, attack'd its 
+advanced guard by a heavy fire from behind trees and bushes, which was 
+the first intelligence the general had of an enemy's being near him. This 
+guard being disordered, the general hurried the troops up to their 
+assistance, which was done in great confusion, thro' waggons, baggage, 
+and cattle; and presently the fire came upon their flank: the officers, being 
+on horseback, were more easily distinguish'd, pick'd out as marks, and fell 
+very fast; and the soldiers were crowded together in a huddle, having or 
+hearing no orders, and standing to be shot at till two-thirds of them were 
+killed; and then, being seiz'd with a panick, the whole fled with 
+precipitation. 
+
+The waggoners took each a horse out of his team and scamper'd; their 
+example was immediately followed by others; so that all the waggons, 
+provisions, artillery, and stores were left to the enemy. The general, being 
+wounded, was brought off with difficulty; his secretary, Mr. Shirley, was 
+
+131 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+killed by his side; and out of eighty-six officers, sixty-three were killed or 
+wounded, and seven hundred and fourteen men killed out of eleven 
+hundred. These eleven hundred had been picked men from the whole army; 
+the rest had been left behind with Colonel Dunbar, who was to follow with 
+the heavier part of the stores, provisions, and baggage. The flyers, not 
+being pursu'd, arriv'd at Dunbar's camp, and the panick they brought with 
+them instantly seiz'd him and all his people; and, tho' he had now above 
+one thousand men, and the enemy who bad beaten Braddock did not at 
+most exceed four hundred Indians and French together, instead of 
+proceeding, and endeavoring to recover some of the lost honour, he 
+ordered all the stores, ammunition, etc., to be destroy'd, that he might have 
+more horses to assist his flight towards the settlements, and less lumber to 
+remove. He was there met with requests from the governors of Virginia, 
+Maryland, and Pennsylvania, that he would post his troops on the frontiers, 
+so as to afford some protection to the inhabitants; but he continu'd his 
+hasty march thro' all the country, not thinking himself safe till he arriv'd at 
+Philadelphia, where the inhabitants could protect him. This whole 
+transaction gave us Americans the first suspicion that our exalted ideas of 
+the prowess of British regulars had not been well founded. 
+
+In their first march, too, from their landing till they got beyond the 
+settlements, they had plundered and stripped the inhabitants, totally 
+ruining some poor families, besides insulting, abusing, and confining the 
+people if they remonstrated. This was enough to put us out of conceit of 
+such defenders, if we had really wanted any. How different was the 
+conduct of our French friends in 1781, who, during a march thro' the most 
+inhabited part of our country from Rhode Island to Virginia, near seven 
+hundred miles, occasioned not the smallest complaint for the loss of a pig, 
+a chicken, or even an apple. 
+
+Captain Orme, who was one of the general's aids-de-camp, and, being 
+grievously wounded, was brought off with him, and continu'd with him to 
+his death, which happen'd in a few days, told me that he was totally silent 
+all the first day, and at night only said, "Who would have thought it?" That 
+he was silent again the following day, saying only at last, "We shall better 
+know how to deal with them another time;" and dy'd in a few minutes 
+
+132 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+after. 
+
+The secretary's papers, with all the general's orders, instructions, and 
+correspondence, falling into the enemy's hands, they selected and 
+translated into French a number of the articles, which they printed, to 
+prove the hostile intentions of the British court before the declaration of 
+war. Among these I saw some letters of the general to the ministry, 
+speaking highly of the great service I had rendered the army, and 
+recommending me to their notice. David Hume, too, who was some years 
+after secretary to Lord Hertford, when minister in France, and afterward to 
+General Conway, when secretary of state, told me he had seen among the 
+papers in that office, letters from Braddock highly recommending me. But, 
+the expedition having been unfortunate, my service, it seems, was not 
+thought of much value, for those recommendations were never of any use 
+to me. 
+
+As to rewards from himself, I ask'd only one, which was, that he 
+would give orders to his officers not to enlist any more of our bought 
+servants, and that he would discharge such as had been already enlisted. 
+This he readily granted, and several were accordingly return'd to their 
+masters, on my application. Dunbar, when the command devolv'd on him, 
+was not so generous. He being at Philadelphia, on his retreat, or rather 
+flight, I apply'd to him for the discharge of the servants of three poor 
+farmers of Lancaster county that he had enlisted, reminding him of the late 
+general's orders on that bead. He promised me that, if the masters would 
+come to him at Trenton, where he should be in a few days on his march to 
+New York, he would there deliver their men to them. They accordingly 
+were at the expense and trouble of going to Trenton, and there he refus'd to 
+perform his promise, to their great loss and disappointment. 
+
+As soon as the loss of the waggons and horses was generally known, 
+all the owners came upon me for the valuation which I had given bond to 
+pay. Their demands gave me a great deal of trouble, my acquainting them 
+that the money was ready in the paymaster's hands, but that orders for 
+paying it must first be obtained from General Shirley, and my assuring 
+them that I had apply'd to that general by letter; but, he being at a distance, 
+an answer could not soon be receiv'd, and they must have patience, all this 
+
+133 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+was not sufficient to satisfy, and some began to sue me. General Shirley at 
+length relieved me from this terrible situation by appointing 
+commissioners to examine the claims, and ordering payment. They 
+amounted to near twenty thousand pound, which to pay would have ruined 
+me. 
+
+Before we had the news of this defeat, the two Doctors Bond came to 
+me with a subscription paper for raising money to defray the expense of a 
+grand firework, which it was intended to exhibit at a rejoicing on receipt 
+of the news of our taking Fort Duquesne. I looked grave, and said it would, 
+I thought, be time enough to prepare for the rejoicing when we knew we 
+should have occasion to rejoice. They seem'd surpris'd that I did not 
+immediately comply with their proposal. "Why the d--l!" says one of them, 
+"you surely don't suppose that the fort will not be taken?" "I don't know 
+that it will not be taken, but I know that the events of war are subject to 
+great uncertainty." I gave them the reasons of my doubting; the 
+subscription was dropt, and the projectors thereby missed the mortification 
+they would have undergone if the firework had been prepared. Dr. Bond, 
+on some other occasion afterward, said that he did not like Franklin's 
+forebodings. 
+
+Governor Morris, who had continually worried the Assembly with 
+message after message before the defeat of Braddock, to beat them into 
+the making of acts to raise money for the defense of the province, without 
+taxing, among others, the proprietary estates, and had rejected all their 
+bills for not having such an exempting clause, now redoubled his attacks 
+with more hope of success, the danger and necessity being greater. The 
+Assembly, however, continu'd firm, believing they had justice on their side, 
+and that it would be giving up an essential right if they suffered the 
+governor to amend their money-bills. In one of the last, indeed, which was 
+for granting fifty thousand pounds, his propos'd amendment was only of a 
+single word. The bill expressed "that all estates, real and personal, were to 
+be taxed, those of the proprietaries not excepted." His amendment was, for 
+not read only: a small, but very material alteration. However, when the 
+news of this disaster reached England, our friends there, whom we had 
+taken care to furnish with all the Assembly's answers to the governor's 
+
+134 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+messages, rais'd a clamor against the proprietaries for their meanness and 
+injustice in giving their governor such instructions; some going so far as to 
+say that, by obstructing the defense of their province, they forfeited their 
+right to it. They were intimidated by this, and sent orders to their receiver-
+general to add five thousand pounds of their money to whatever sum 
+might be given by the Assembly for such purpose. 
+
+This, being notified to the House, was accepted in lieu of their share of 
+a general tax, and a new bill was form'd, with an exempting clause, which 
+passed accordingly. By this act I was appointed one of the commissioners 
+for disposing of the money, sixty thousand pounds. I had been active in 
+modelling the bill and procuring its passage, and had, at the same time, 
+drawn a bill for establishing and disciplining of a voluntary militia, which 
+I carried thro' the House without much difficulty, as care was taken in it to 
+leave the Quakers at their liberty. To promote the association necessary to 
+form the militia, I wrote a dialogue,<14> stating and answering all the 
+objections I could think of to such a militia, which was printed, and had, 
+as I thought, great effect. 
+
+<14> This dialogue and the militia act are in the "Gentleman's 
+Magazine" for February and March, 1756. --[Marg. note.] 
+While the several companies in the city and country were forming and 
+learning their exercise, the governor prevail'd with me to take charge of 
+our North-western frontier, which was infested by the enemy, and provide 
+for the defense of the inhabitants by raising troops and building a line of 
+forts. I undertook this military business, tho' I did not conceive myself 
+well qualified for it. He gave me a commission with full powers, and a 
+parcel of blank commissions for officers, to be given to whom I thought fit. 
+I had but little difficulty in raising men, having soon five hundred and 
+sixty under my command. My son, who had in the preceding war been an 
+officer in the army rais'd against Canada, was my aid-de-camp, and of 
+great use to me. The Indians had burned Gnadenhut, a village settled by 
+the Moravians, and massacred the inhabitants; but the place was thought a 
+good situation for one of the forts. 
+
+In order to march thither, I assembled the companies at Bethlehem, the 
+chief establishment of those people. I was surprised to find it in so good a 
+
+135 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+posture of defense; the destruction of Gnadenhut had made them 
+apprehend danger. The principal buildings were defended by a stockade; 
+they had purchased a quantity of arms and ammunition from New York, 
+and had even plac'd quantities of small paving stones between the 
+windows of their high stone houses, for their women to throw down upon 
+the heads of any Indians that should attempt to force into them. The armed 
+brethren, too, kept watch, and reliev'd as methodically as in any garrison 
+town. In conversation with the bishop, Spangenberg, I mention'd this my 
+surprise; for, knowing they had obtained an act of Parliament exempting 
+them from military duties in the colonies, I had suppos'd they were 
+conscientiously scrupulous of bearing arms. He answer'd me that it was 
+not one of their established principles, but that, at the time of their 
+obtaining that act, it was thought to be a principle with many of their 
+people. On this occasion, however, they, to their surprise, found it adopted 
+by but a few. It seems they were either deceiv'd in themselves, or deceiv'd 
+the Parliament; but common sense, aided by present danger, will 
+sometimes be too strong for whimsical opinions. 
+
+It was the beginning of January when we set out upon this business of 
+building forts. I sent one detachment toward the Minisink, with 
+instructions to erect one for the security of that upper part of the country, 
+and another to the lower part, with similar instructions; and I concluded to 
+go myself with the rest of my force to Gnadenhut, where a fort was tho't 
+more immediately necessary. The Moravians procur'd me five waggons for 
+our tools, stores, baggage, etc. 
+
+Just before we left Bethlehem, eleven farmers, who had been driven 
+from their plantations by the Indians, came to me requesting a supply of 
+firearms, that they might go back and fetch off their cattle. I gave them 
+each a gun with suitable ammunition. We had not march'd many miles 
+before it began to rain, and it continued raining all day; there were no 
+habitations on the road to shelter us, till we arriv'd near night at the house 
+of a German, where, and in his barn, we were all huddled together, as wet 
+as water could make us. It was well we were not attack'd in our march, for 
+our arms were of the most ordinary sort, and our men could not keep their 
+gun locks dry. The Indians are dextrous in contrivances for that purpose, 
+
+136 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+which we had not. They met that day the eleven poor farmers above 
+mentioned, and killed ten of them. The one who escap'd inform'd that his 
+and his companions' guns would not go off, the priming being wet with the 
+rain. 
+
+The next day being fair, we continu'd our march, and arriv'd at the 
+desolated Gnadenhut. There was a saw-mill near, round which were left 
+several piles of boards, with which we soon hutted ourselves; an operation 
+the more necessary at that inclement season, as we had no tents. Our first 
+work was to bury more effectually the dead we found there, who had been 
+half interr'd by the country people. 
+
+The next morning our fort was plann'd and mark'd out, the 
+circumference measuring four hundred and fifty-five feet, which would 
+require as many palisades to be made of trees, one with another, of a foot 
+diameter each. Our axes, of which we had seventy, were immediately set 
+to work to cut down trees, and, our men being dextrous in the use of them, 
+great despatch was made. Seeing the trees fall so fast, I had the curiosity to 
+look at my watch when two men began to cut at a pine; in six minutes they 
+had it upon the ground, and I found it of fourteen inches diameter. Each 
+pine made three palisades of eighteen feet long, pointed at one end. While 
+these were preparing, our other men dug a trench all round, of three feet 
+deep, in which the palisades were to be planted; and, our waggons, the 
+bodys being taken off, and the fore and hind wheels separated by taking 
+out the pin which united the two parts of the perch, we had ten carriages, 
+with two horses each, to bring the palisades from the woods to the spot. 
+When they were set up, our carpenters built a stage of boards all round 
+within, about six feet high, for the men to stand on when to fire thro' the 
+loopholes. We had one swivel gun, which we mounted on one of the 
+angles, and fir'd it as soon as fix'd, to let the Indians know, if any were 
+within hearing, that we had such pieces; and thus our fort, if such a 
+magnificent name may be given to so miserable a stockade, was finish'd in 
+a week, though it rain'd so hard every other day that the men could not 
+work. 
+
+This gave me occasion to observe, that, when men are employ'd, they 
+are best content'd; for on the days they worked they were good-natur'd and 
+
+137 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+cheerful, and, with the consciousness of having done a good day's work, 
+they spent the evening jollily; but on our idle days they were mutinous and 
+quarrelsome, finding fault with their pork, the bread, etc., and in continual 
+ill-humor, which put me in mind of a sea-captain, whose rule it was to 
+keep his men constantly at work; and, when his mate once told him that 
+they had done every thing, and there was nothing further to employ them 
+about, "Oh," says he, "Make them scour the anchor." 
+
+This kind of fort, however contemptible, is a sufficient defense against 
+Indians, who have no cannon. Finding ourselves now posted securely, and 
+having a place to retreat to on occasion, we ventur'd out in parties to scour 
+the adjacent country. We met with no Indians, but we found the places on 
+the neighboring hills where they had lain to watch our proceedings. There 
+was an art in their contrivance of those places, that seems worth mention. 
+It being winter, a fire was necessary for them; but a common fire on the 
+surface of the ground would by its light have discovered their position at a 
+distance. They had therefore dug holes in the ground about three feet 
+diameter, and somewhat deeper; we saw where they had with their 
+hatchets cut off the charcoal from the sides of burnt logs lying in the 
+woods. With these coals they had made small fires in the bottom of the 
+holes, and we observ'd among the weeds and grass the prints of their 
+bodies, made by their laying all round, with their legs hanging down in the 
+holes to keep their feet warm, which, with them, is an essential point. This 
+kind of fire, so manag'd, could not discover them, either by its light, flame, 
+sparks, or even smoke: it appear'd that their number was not great, and it 
+seems they saw we were too many to be attacked by them with prospect of 
+advantage. 
+
+We had for our chaplain a zealous Presbyterian minister, Mr. Beatty, 
+who complained to me that the men did not generally attend his prayers 
+and exhortations. When they enlisted, they were promised, besides pay 
+and provisions, a gill of rum a day, which was punctually serv'd out to 
+them, half in the morning, and the other half in the evening; and I observ'd 
+they were as punctual in attending to receive it; upon which I said to Mr. 
+Beatty, "It is, perhaps, below the dignity of your profession to act as 
+steward of the rum, but if you were to deal it out and only just after 
+
+138 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+prayers, you would have them all about you." He liked the tho't, undertook 
+the office, and, with the help of a few hands to measure out the liquor, 
+executed it to satisfaction, and never were prayers more generally and 
+more punctually attended; so that I thought this method preferable to the 
+punishment inflicted by some military laws for non-attendance on divine 
+service. 
+
+I had hardly finish'd this business, and got my fort well stor'd with 
+provisions, when I receiv'd a letter from the governor, acquainting me that 
+he had call'd the Assembly, and wished my attendance there, if the posture 
+of affairs on the frontiers was such that my remaining there was no longer 
+necessary. My friends, too, of the Assembly, pressing me by their letters to 
+be, if possible, at the meeting, and my three intended forts being now 
+compleated, and the inhabitants contented to remain on their farms under 
+that protection, I resolved to return; the more willingly, as a New England 
+officer, Colonel Clapham, experienced in Indian war, being on a visit to 
+our establishment, consented to accept the command. I gave him a 
+commission, and, parading the garrison, had it read before them, and 
+introduc'd him to them as an officer who, from his skill in military affairs, 
+was much more fit to command them than myself; and, giving them a little 
+exhortation, took my leave. I was escorted as far as Bethlehem, where I 
+rested a few days to recover from the fatigue I had undergone. The first 
+night, being in a good bed, I could hardly sleep, it was so different from 
+my hard lodging on the floor of our hut at Gnaden wrapt only in a blanket 
+or two. 
+
+While at Bethlehem, I inquir'd a little into the practice of the 
+Moravians: some of them had accompanied me, and all were very kind to 
+me. I found they work'd for a common stock, eat at common tables, and 
+slept in common dormitories, great numbers together. In the dormitories I 
+observed loopholes, at certain distances all along just under the ceiling, 
+which I thought judiciously placed for change of air. I was at their church, 
+where I was entertain'd with good musick, the organ being accompanied 
+with violins, hautboys, flutes, clarinets, etc. I understood that their 
+sermons were not usually preached to mixed congregations of men, 
+women, and children, as is our common practice, but that they assembled 
+
+139 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+sometimes the married men, at other times their wives, then the young 
+men, the young women, and the little children, each division by itself. The 
+sermon I heard was to the latter, who came in and were plac'd in rows on 
+benches; the boys under the conduct of a young man, their tutor, and the 
+girls conducted by a young woman. The discourse seem'd well adapted to 
+their capacities, and was deliver'd in a pleasing, familiar manner, coaxing 
+them, as it were, to be good. They behav'd very orderly, but looked pale 
+and unhealthy, which made me suspect they were kept too much within 
+doors, or not allow'd sufficient exercise. 
+
+I inquir'd concerning the Moravian marriages, whether the report was 
+true that they were by lot. I was told that lots were us'd only in particular 
+cases; that generally, when a young man found himself dispos'd to marry, 
+he inform'd the elders of his class, who consulted the elder ladies that 
+govern'd the young women. As these elders of the different sexes were 
+well acquainted with the tempers and dispositions of their respective 
+pupils, they could best judge what matches were suitable, and their 
+judgments were generally acquiesc'd in; but if, for example, it should 
+happen that two or three young women were found to be equally proper 
+for the young man, the lot was then recurred to. I objected, if the matches 
+are not made by the mutual choice of the parties, some of them may 
+chance to be very unhappy. "And so they may," answer'd my informer, "if 
+you let the parties chuse for themselves;" which, indeed, I could not deny. 
+
+Being returned to Philadelphia, I found the association went on 
+swimmingly, the inhabitants that were not Quakers having pretty generally 
+come into it, formed themselves into companies, and chose their captains, 
+lieutenants, and ensigns, according to the new law. Dr. B. visited me, and 
+gave me an account of the pains he had taken to spread a general good 
+liking to the law, and ascribed much to those endeavors. I had had the 
+vanity to ascribe all to my Dialogue; however, not knowing but that he 
+might be in the right, I let him enjoy his opinion, which I take to be 
+generally the best way in such cases. The officers, meeting, chose me to be 
+colonel of the regiment, which I this time accepted. I forget how many 
+companies we had, but we paraded about twelve hundred well-looking 
+men, with a company of artillery, who had been furnished with six brass 
+
+140 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+field-pieces, which they had become so expert in the use of as to fire 
+twelve times in a minute. The first time I reviewed my regiment they 
+accompanied me to my house, and would salute me with some rounds 
+fired before my door, which shook down and broke several glasses of my 
+electrical apparatus. And my new honour proved not much less brittle; for 
+all our commissions were soon after broken by a repeal of the law in 
+England. 
+
+During this short time of my colonelship, being about to set out on a 
+journey to Virginia, the officers of my regiment took it into their heads that 
+it would be proper for them to escort me out of town, as far as the Lower 
+Ferry. Just as I was getting on horseback they came to my door, between 
+thirty and forty, mounted, and all in their uniforms. I had not been 
+previously acquainted with the project, or I should have prevented it, 
+being naturally averse to the assuming of state on any occasion; and I was 
+a good deal chagrin'd at their appearance, as I could not avoid their 
+accompanying me. What made it worse was, that, as soon as we began to 
+move, they drew their swords and rode with them naked all the way. 
+Somebody wrote an account of this to the proprietor, and it gave him great 
+offense. No such honor had been paid him when in the province, nor to 
+any of his governors; and he said it was only proper to princes of the blood 
+royal, which may be true for aught I know, who was, and still am, ignorant 
+of the etiquette in such cases. 
+
+This silly affair, however, greatly increased his rancour against me, 
+which was before not a little, on account of my conduct in the Assembly 
+respecting the exemption of his estate from taxation, which I had always 
+oppos'd very warmly, and not without severe reflections on his meanness 
+and injustice of contending for it. He accused me to the ministry as being 
+the great obstacle to the king's service, preventing, by my influence in the 
+House, the proper form of the bills for raising money, and he instanced 
+this parade with my officers as a proof of my having an intention to take 
+the government of the province out of his hands by force. He also applied 
+to Sir Everard Fawkener, the postmaster-general, to deprive me of my 
+office; but it had no other effect than to procure from Sir Everard a gentle 
+admonition. 
+
+141 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+Notwithstanding the continual wrangle between the governor and the 
+House, in which I, as a member, had so large a share, there still subsisted a 
+civil intercourse between that gentleman and myself, and we never had 
+any personal difference. I have sometimes since thought that his little or 
+no resentment against me, for the answers it was known I drew up to his 
+messages, might be the effect of professional habit, and that, being bred a 
+lawyer, he might consider us both as merely advocates for contending 
+clients in a suit, he for the proprietaries and I for the Assembly. He would, 
+therefore, sometimes call in a friendly way to advise with me on difficult 
+points, and sometimes, tho' not often, take my advice. 
+
+We acted in concert to supply Braddock's army with provisions; and, 
+when the shocking news arrived of his defeat, the governor sent in haste 
+for me, to consult with him on measures for preventing the desertion of the 
+back counties. I forget now the advice I gave; but I think it was, that 
+Dunbar should be written to, and prevail'd with, if possible, to post his 
+troops on the frontiers for their protection, till, by re-enforcements from 
+the colonies, he might be able to proceed on the expedition. And, after my 
+return from the frontier, he would have had me undertake the conduct of 
+such an expedition with provincial troops, for the reduction of Fort 
+Duquesne, Dunbar and his men being otherwise employed; and he 
+proposed to commission me as general. I had not so good an opinion of 
+my military abilities as he profess'd to have, and I believe his professions 
+must have exceeded his real sentiments; but probably he might think that 
+my popularity would facilitate the raising of the men, and my influence in 
+Assembly, the grant of money to pay them, and that, perhaps, without 
+taxing the proprietary estate. Finding me not so forward to engage as he 
+expected, the project was dropt, and he soon after left the government, 
+being superseded by Captain Denny. 
+
+Before I proceed in relating the part I had in public affairs under this 
+new governor's administration, it may not be amiss here to give some 
+account of the rise and progress of my philosophical reputation. 
+
+In 1746, being at Boston, I met there with a Dr. Spence, who was 
+lately arrived from Scotland, and show'd me some electric experiments. 
+They were imperfectly perform'd, as he was not very expert; but, being on 
+
+142 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+a subject quite new to me, they equally surpris'd and pleased me. Soon 
+after my return to Philadelphia, our library company receiv'd from Mr. P. 
+Collinson, Fellow of the Royal Society of London, a present of a glass 
+tube, with some account of the use of it in making such experiments. I 
+eagerly seized the opportunity of repeating what I had seen at Boston; and, 
+by much practice, acquir'd great readiness in performing those, also, which 
+we had an account of from England, adding a number of new ones. I say 
+much practice, for my house was continually full, for some time, with 
+people who came to see these new wonders. 
+
+To divide a little this incumbrance among my friends, I caused a 
+number of similar tubes to be blown at our glass-house, with which they 
+furnish'd themselves, so that we had at length several performers. Among 
+these, the principal was Mr. Kinnersley, an ingenious neighbor, who, being 
+out of business, I encouraged to undertake showing the experiments for 
+money, and drew up for him two lectures, in which the experiments were 
+rang'd in such order, and accompanied with such explanations in such 
+method, as that the foregoing should assist in comprehending the 
+following. He procur'd an elegant apparatus for the purpose, in which all 
+the little machines that I had roughly made for myself were nicely form'd 
+by instrument-makers. His lectures were well attended, and gave great 
+satisfaction; and after some time he went thro' the colonies, exhibiting 
+them in every capital town, and pick'd up some money. In the West India 
+islands, indeed, it was with difficulty the experiments could be made, from 
+the general moisture of the air. 
+
+Oblig'd as we were to Mr. Collinson for his present of the tube, etc., I 
+thought it right he should be inform'd of our success in using it, and wrote 
+him several letters containing accounts of our experiments. He got them 
+read in the Royal Society, where they were not at first thought worth so 
+much notice as to be printed in their Transactions. One paper, which I 
+wrote for Mr. Kinnersley, on the sameness of lightning with electricity, I 
+sent to Dr. Mitchel, an acquaintance of mine, and one of the members also 
+of that society, who wrote me word that it had been read, but was laughed 
+at by the connoisseurs. The papers, however, being shown to Dr. Fothergill, 
+he thought them of too much value to be stifled, and advis'd the printing of 
+
+143 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+them. Mr. Collinson then gave them to Cave for publication in his 
+Gentleman's Magazine; but he chose to print them separately in a 
+pamphlet, and Dr. Fothergill wrote the preface. Cave, it seems, judged 
+rightly for his profit, for by the additions that arrived afterward they 
+swell'd to a quarto volume, which has had five editions, and cost him 
+nothing for copy-money. 
+
+It was, however, some time before those papers were much taken 
+notice of in England. A copy of them happening to fall into the hands of 
+the Count de Buffon, a philosopher deservedly of great reputation in 
+France, and, indeed, all over Europe, he prevailed with M. Dalibard to 
+translate them into French, and they were printed at Paris. The publication 
+offended the Abbe Nollet, preceptor in Natural Philosophy to the royal 
+family, and an able experimenter, who had form'd and publish'd a theory 
+of electricity, which then had the general vogue. He could not at first 
+believe that such a work came from America, and said it must have been 
+fabricated by his enemies at Paris, to decry his system. Afterwards, having 
+been assur'd that there really existed such a person as Franklin at 
+Philadelphia, which he had doubted, he wrote and published a volume of 
+Letters, chiefly address'd to me, defending his theory, and denying the 
+verity of my experiments, and of the positions deduc'd from them. 
+
+I once purpos'd answering the abbe, and actually began the answer; but, 
+on consideration that my writings contain'd a description of experiments 
+which any one might repeat and verify, and if not to be verifi'd, could not 
+be defended; or of observations offer'd as conjectures, and not delivered 
+dogmatically, therefore not laying me under any obligation to defend them; 
+and reflecting that a dispute between two persons, writing in different 
+languages, might be lengthened greatly by mistranslations, and thence 
+misconceptions of one another's meaning, much of one of the abbe's letters 
+being founded on an error in the translation, I concluded to let my papers 
+shift for themselves, believing it was better to spend what time I could 
+spare from public business in making new experiments, than in disputing 
+about those already made. I therefore never answered M. Nollet, and the 
+event gave me no cause to repent my silence; for my friend M. le Roy, of 
+the Royal Academy of Sciences, took up my cause and refuted him; my 
+
+144 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+book was translated into the Italian, German, and Latin languages; and the 
+doctrine it contain'd was by degrees universally adopted by the 
+philosophers of Europe, in preference to that of the abbe; so that he lived 
+to see himself the last of his sect, except Monsieur B----, of Paris, his 
+eleve and immediate disciple. 
+
+What gave my book the more sudden and general celebrity, was the 
+success of one of its proposed experiments, made by Messrs. Dalibard and 
+De Lor at Marly, for drawing lightning from the clouds. This engag'd the 
+public attention every where. M. de Lor, who had an apparatus for 
+experimental philosophy, and lectur'd in that branch of science, undertook 
+to repeat what he called the Philadelphia Experiments; and, after they were 
+performed before the king and court, all the curious of Paris flocked to see 
+them. I will not swell this narrative with an account of that capital 
+experiment, nor of the infinite pleasure I receiv'd in the success of a 
+similar one I made soon after with a kite at Philadelphia, as both are to be 
+found in the histories of electricity. 
+
+Dr. Wright, an English physician, when at Paris, wrote to a friend, who 
+was of the Royal Society, an account of the high esteem my experiments 
+were in among the learned abroad, and of their wonder that my writings 
+had been so little noticed in England. The society, on this, resum'd the 
+consideration of the letters that had been read to them; and the celebrated 
+Dr. Watson drew up a summary account of them, and of all I had 
+afterwards sent to England on the subject, which be accompanied with 
+some praise of the writer. This summary was then printed in their 
+Transactions; and some members of the society in London, particularly the 
+very ingenious Mr. Canton, having verified the experiment of procuring 
+lightning from the clouds by a pointed rod, and acquainting them with the 
+success, they soon made me more than amends for the slight with which 
+they had before treated me. Without my having made any application for 
+that honor, they chose me a member, and voted that I should be excus'd the 
+customary payments, which would have amounted to twenty-five guineas; 
+and ever since have given me their Transactions gratis. They also 
+presented me with the gold medal of Sir Godfrey Copley for the year 1753, 
+the delivery of which was accompanied by a very handsome speech of the 
+
+145 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+president, Lord Macclesfield, wherein I was highly honoured. 
+
+Our new governor, Captain Denny, brought over for me the before-
+mentioned medal from the Royal Society, which he presented to me at an 
+entertainment given him by the city. He accompanied it with very polite 
+expressions of his esteem for me, having, as he said, been long acquainted 
+with my character. After dinner, when the company, as was customary at 
+that time, were engag'd in drinking, he took me aside into another room, 
+and acquainted me that he had been advis'd by his friends in England to 
+cultivate a friendship with me, as one who was capable of giving him the 
+best advice, and of contributing most effectually to the making his 
+administration easy; that he therefore desired of all things to have a good 
+understanding with me, and he begg'd me to be assur'd of his readiness on 
+all occasions to render me every service that might be in his power. He 
+said much to me, also, of the proprietor's good disposition towards the 
+province, and of the advantage it might be to us all, and to me in particular, 
+if the opposition that had been so long continu'd to his measures was dropt, 
+and harmony restor'd between him and the people; in effecting which, it 
+was thought no one could be more serviceable than myself; and I might 
+depend on adequate acknowledgments and recompenses, etc., etc. The 
+drinkers, finding we did not return immediately to the table, sent us a 
+decanter of Madeira, which the governor made liberal use of, and in 
+proportion became more profuse of his solicitations and promises. 
+
+My answers were to this purpose: that my circumstances, thanks to 
+God, were such as to make proprietary favours unnecessary to me; and 
+that, being a member of the Assembly, I could not possibly accept of any; 
+that, however, I had no personal enmity to the proprietary, and that, 
+whenever the public measures he propos'd should appear to be for the 
+good of the people, no one should espouse and forward them more 
+zealously than myself; my past opposition having been founded on this, 
+that the measures which had been urged were evidently intended to serve 
+the proprietary interest, with great prejudice to that of the people; that I 
+was much obliged to him (the governor) for his professions of regard to 
+me, and that he might rely on every thing in my power to make his 
+administration as easy as possible, hoping at the same time that he had not 
+
+146 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+brought with him the same unfortunate instruction his predecessor had 
+been hamper'd with. 
+
+On this he did not then explain himself; but when he afterwards came 
+to do business with the Assembly, they appear'd again, the disputes were 
+renewed, and I was as active as ever in the opposition, being the penman, 
+first, of the request to have a communication of the instructions, and then 
+of the remarks upon them, which may be found in the votes of the time, 
+and in the Historical Review I afterward publish'd. But between us 
+personally no enmity arose; we were often together; he was a man of 
+letters, had seen much of the world, and was very entertaining and 
+pleasing in conversation. He gave me the first information that my old 
+friend Jas. Ralph was still alive; that he was esteem'd one of the best 
+political writers in England; had been employ'd in the dispute between 
+Prince Frederic and the king, and had obtain'd a pension of three hundred 
+a year; that his reputation was indeed small as a poet, Pope having damned 
+his poetry in the Dunciad; but his prose was thought as good as any man's. 
+
+<15>The Assembly finally finding the proprietary obstinately 
+persisted in manacling their deputies with instructions inconsistent not 
+only with the privileges of the people, but with the service of the crown, 
+resolv'd to petition the king against them, and appointed me their agent to 
+go over to England, to present and support the petition. The House had 
+sent up a bill to the governor, granting a sum of sixty thousand pounds for 
+the king's use (ten thousand pounds of which was subjected to the orders 
+of the then general, Lord Loudoun), which the governor absolutely refus'd 
+to pass, in compliance with his instructions. 
+<15> The many unanimous resolves of the Assembly-- what date?-[
+Marg. note.] 
+I had agreed with Captain Morris, of the paquet at New York, for my 
+passage, and my stores were put on board, when Lord Loudoun arriv'd at 
+Philadelphia, expressly, as he told me, to endeavor an accommodation 
+between the governor and Assembly, that his majesty's service might not 
+be obstructed by their dissensions. Accordingly, he desir'd the governor 
+and myself to meet him, that he might hear what was to be said on both 
+sides. We met and discuss'd the business. In behalf of the Assembly, I 
+
+147 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+urg'd all the various arguments that may be found in the public papers of 
+that time, which were of my writing, and are printed with the minutes of 
+the Assembly; and the governor pleaded his instructions; the bond he had 
+given to observe them, and his ruin if he disobey'd, yet seemed not 
+unwilling to hazard himself if Lord Loudoun would advise it. This his 
+lordship did not chuse to do, though I once thought I had nearly prevail'd 
+with him to do it; but finally he rather chose to urge the compliance of the 
+Assembly; and he entreated me to use my endeavours with them for that 
+purpose, declaring that he would spare none of the king's troops for the 
+defense of our frontiers, and that, if we did not continue to provide for that 
+defense ourselves, they must remain expos'd to the enemy. 
+
+I acquainted the House with what had pass'd, and, presenting them 
+with a set of resolutions I had drawn up, declaring our rights, and that we 
+did not relinquish our claim to those rights, but only suspended the 
+exercise of them on this occasion thro' force, against which we protested, 
+they at length agreed to drop that bill, and frame another conformable to 
+the proprietary instructions. This of course the governor pass'd, and I was 
+then at liberty to proceed on my voyage. But, in the meantime, the paquet 
+had sailed with my sea-stores, which was some loss to me, and my only 
+recompense was his lordship's thanks for my service, all the credit of 
+obtaining the accommodation falling to his share. 
+
+He set out for New York before me; and, as the time for dispatching 
+the paquet-boats was at his disposition, and there were two then remaining 
+there, one of which, he said, was to sail very soon, I requested to know the 
+precise time, that I might not miss her by any delay of mine. His answer 
+was, "I have given out that she is to sail on Saturday next; but I may let 
+you know, entre nous, that if you are there by Monday morning, you will 
+be in time, but do not delay longer." By some accidental hinderance at a 
+ferry, it was Monday noon before I arrived, and I was much afraid she 
+might have sailed, as the wind was fair; but I was soon made easy by the 
+information that she was still in the harbor, and would not move till the 
+next day. One would imagine that I was now on the very point of 
+departing for Europe. I thought so; but I was not then so well acquainted 
+with his lordship's character, of which indecision was one of the strongest 
+
+148 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+features. I shall give some instances. It was about the beginning of April 
+that I came to New York, and I think it was near the end of June before we 
+sail'd. There were then two of the paquet-boats, which had been long in 
+port, but were detained for the general's letters, which were always to be 
+ready to-morrow. Another paquet arriv'd; she too was detain'd; and, before 
+we sail'd, a fourth was expected. Ours was the first to be dispatch'd, as 
+having been there longest. Passengers were engag'd in all, and some 
+extremely impatient to be gone, and the merchants uneasy about their 
+letters, and the orders they had given for insurance (it being war time) for 
+fall goods! but their anxiety avail'd nothing; his lordship's letters were not 
+ready; and yet whoever waited on him found him always at his desk, pen 
+in hand, and concluded he must needs write abundantly. 
+
+Going myself one morning to pay my respects, I found in his 
+antechamber one Innis, a messenger of Philadelphia, who had come from 
+thence express with a paquet from Governor Denny for the General. He 
+delivered to me some letters from my friends there, which occasion'd my 
+inquiring when he was to return, and where be lodg'd, that I might send 
+some letters by him. He told me he was order'd to call to-morrow at nine 
+for the general's answer to the governor, and should set off immediately. I 
+put my letters into his hands the same day. A fortnight after I met him 
+again in the same place. "So, you are soon return'd, Innis?" "Returned! no, 
+I am not gone yet." "How so?" "I have called here by order every morning 
+these two weeks past for his lordship's letter, and it is not yet ready." "Is it 
+possible, when he is so great a writer? for I see him constantly at his 
+escritoire." "Yes," says Innis, "but he is like St. George on the signs, 
+always on horseback, and never rides on!" This observation of the 
+messenger was, it seems, well founded; for, when in England, I understood 
+that Mr. Pitt gave it as one reason for removing this general, and sending 
+Generals Amherst and Wolfe, that the minister never heard from him, and 
+could not know what he was doing. 
+
+This daily expectation of sailing, and all the three paquets going down 
+to Sandy Hook, to join the fleet there, the passengers thought it best to be 
+on board, lest by a sudden order the ships should sail, and they be left 
+behind. There, if I remember right, we were about six weeks, consuming 
+
+149 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+our sea-stores, and oblig'd to procure more. At length the fleet sail'd, the 
+General and all his army on board, bound to Louisburg, with intent to 
+besiege and take that fortress; all the paquet-boats in company ordered to 
+attend the General's ship, ready to receive his dispatches when they should 
+be ready. We were out five days before we got a letter with leave to part, 
+and then our ship quitted the fleet and steered for England. The other two 
+paquets he still detained, carried them with him to Halifax, where he 
+stayed some time to exercise the men in sham attacks upon sham forts, 
+then alter'd his mind as to besieging Louisburg, and return'd to New York, 
+with all his troops, together with the two paquets above mentioned, and all 
+their passengers! During his absence the French and savages had taken 
+Fort George, on the frontier of that province, and the savages had 
+massacred many of the garrison after capitulation. 
+
+I saw afterwards in London Captain Bonnell, who commanded one of 
+those paquets. He told me that, when he had been detain'd a month, he 
+acquainted his lordship that his ship was grown foul, to a degree that must 
+necessarily hinder her fast sailing, a point of consequence for a paquetboat, 
+and requested an allowance of time to heave her down and clean her 
+bottom. He was asked how long time that would require. He answer'd, 
+three days. The general replied, "If you can do it in one day, I give leave; 
+otherwise not; for you must certainly sail the day after to-morrow." So he 
+never obtain'd leave, though detained afterwards from day to day during 
+full three months. 
+
+I saw also in London one of Bonnell's passengers, who was so enrag'd 
+against his lordship for deceiving and detaining him so long at New York, 
+and then carrying him to Halifax and back again, that he swore he would 
+sue for damages. Whether he did or not, I never heard; but, as he 
+represented the injury to his affairs, it was very considerable. 
+
+On the whole, I wonder'd much how such a man came to be intrusted 
+with so important a business as the conduct of a great army; but, having 
+since seen more of the great world, and the means of obtaining, and 
+motives for giving places, my wonder is diminished. General Shirley, on 
+whom the command of the army devolved upon the death of Braddock, 
+would, in my opinion, if continued in place, have made a much better 
+
+150 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+campaign than that of Loudoun in 1757, which was frivolous, expensive, 
+and disgraceful to our nation beyond conception; for, tho' Shirley was not 
+a bred soldier, he was sensible and sagacious in himself, and attentive to 
+good advice from others, capable of forming judicious plans, and quick 
+and active in carrying them into execution. Loudoun, instead of defending 
+the colonies with his great army, left them totally expos'd while he paraded 
+idly at Halifax, by which means Fort George was lost, besides, he derang'd 
+all our mercantile operations, and distress'd our trade, by a long embargo 
+on the exportation of provisions, on pretence of keeping supplies from 
+being obtain'd by the enemy, but in reality for beating down their price in 
+favor of the contractors, in whose profits, it was said, perhaps from 
+suspicion only, he had a share. And, when at length the embargo was taken 
+off, by neglecting to send notice of it to Charlestown, the Carolina fleet 
+was detain'd near three months longer, whereby their bottoms were so 
+much damaged by the worm that a great part of them foundered in their 
+passage home. 
+
+Shirley was, I believe, sincerely glad of being relieved from so 
+burdensome a charge as the conduct of an army must be to a man 
+unacquainted with military business. I was at the entertainment given by 
+the city of New York to Lord Loudoun, on his taking upon him the 
+command. Shirley, tho' thereby superseded, was present also. There was a 
+great company of officers, citizens, and strangers, and, some chairs having 
+been borrowed in the neighborhood, there was one among them very low, 
+which fell to the lot of Mr. Shirley. Perceiving it as I sat by him, I said, 
+"They have given you, sir, too low a seat." "No matter," says he, "Mr. 
+Franklin, I find a low seat the easiest." While I was, as afore mention'd, 
+detain'd at New York, I receiv'd all the accounts of the provisions, etc., that 
+I had furnish'd to Braddock, some of which accounts could not sooner be 
+obtain'd from the different persons I had employ'd to assist in the business. 
+I presented them to Lord Loudoun, desiring to be paid the ballance. He 
+caus'd them to be regularly examined by the proper officer, who, after 
+comparing every article with its voucher, certified them to be right; and 
+the balance due for which his lordship promis'd to give me an order on the 
+paymaster. This was, however, put off from time to time; and, tho' I call'd 
+
+151 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+often for it by appointment, I did not get it. At length, just before my 
+departure, he told me he had, on better consideration, concluded not to 
+mix his accounts with those of his predecessors. "And you," says he, 
+"when in England, have only to exhibit your accounts at the treasury, and 
+you will be paid immediately." 
+
+I mention'd, but without effect, the great and unexpected expense I had 
+been put to by being detain'd so long at New York, as a reason for my 
+desiring to be presently paid; and on my observing that it was not right I 
+should be put to any further trouble or delay in obtaining the money I had 
+advanc'd, as I charged no commission for my service, "0, sir," says he, 
+"you must not think of persuading us that you are no gainer; we 
+understand better those affairs, and know that every one concerned in 
+supplying the army finds means, in the doing it, to fill his own pockets." I 
+assur'd him that was not my case, and that I had not pocketed a farthing; 
+but he appear'd clearly not to believe me; and, indeed, I have since learnt 
+that immense fortunes are often made in such employments. As to my 
+ballance, I am not paid it to this day, of which more hereafter. 
+
+Our captain of the paquet had boasted much, before we sailed, of the 
+swiftness of his ship; unfortunately, when we came to sea, she proved the 
+dullest of ninety-six sail, to his no small mortification. After many 
+conjectures respecting the cause, when we were near another ship almost 
+as dull as ours, which, however, gain'd upon us, the captain ordered all 
+hands to come aft, and stand as near the ensign staff as possible. We were, 
+passengers included, about forty persons. While we stood there, the ship 
+mended her pace, and soon left her neighbour far behind, which prov'd 
+clearly what our captain suspected, that she was loaded too much by the 
+head. The casks of water, it seems, had been all plac'd forward; these he 
+therefore order'd to be mov'd further aft, on which the ship recover'd her 
+character, and proved the sailer in the fleet. 
+
+The captain said she had once gone at the rate of thirteen knots, which 
+is accounted thirteen miles per hour. We had on board, as a passenger, 
+Captain Kennedy, of the Navy, who contended that it was impossible, and 
+that no ship ever sailed so fast, and that there must have been some error 
+in the division of the log-line, or some mistake in heaving the log. A wager 
+
+152 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+ensu'd between the two captains, to be decided when there should be 
+sufficient wind. Kennedy thereupon examin'd rigorously the log-line, and, 
+being satisfi'd with that, he determin'd to throw the log himself. 
+Accordingly some days after, when the wind blew very fair and fresh, and 
+the captain of the paquet, Lutwidge, said he believ'd she then went at the 
+rate of thirteen knots, Kennedy made the experiment, and own'd his wager 
+lost. 
+
+The above fact I give for the sake of the following observation. It has 
+been remark'd, as an imperfection in the art of ship-building, that it can 
+never be known, till she is tried, whether a new ship will or will not be a 
+good sailer; for that the model of a good-sailing ship has been exactly 
+follow'd in a new one, which has prov'd, on the contrary, remarkably dull. 
+I apprehend that this may partly be occasion'd by the different opinions of 
+seamen respecting the modes of lading, rigging, and sailing of a ship; each 
+has his system; and the same vessel, laden by the judgment and orders of 
+one captain, shall sail better or worse than when by the orders of another. 
+Besides, it scarce ever happens that a ship is form'd, fitted for the sea, and 
+sail'd by the same person. One man builds the hull, another rigs her, a third 
+lades and sails her. No one of these has the advantage of knowing all the 
+ideas and experience of the others, and, therefore, can not draw just 
+conclusions from a combination of the whole. 
+
+Even in the simple operation of sailing when at sea, I have often 
+observ'd different judgments in the officers who commanded the 
+successive watches, the wind being the same. One would have the sails 
+trimm'd sharper or flatter than another, so that they seem'd to have no 
+certain rule to govern by. Yet I think a set of experiments might be 
+instituted, first, to determine the most proper form of the hull for swift 
+sailing; next, the best dimensions and properest place for the masts: then 
+the form and quantity of sails, and their position, as the wind may be; and, 
+lastly, the disposition of the lading. This is an age of experiments, and I 
+think a set accurately made and combin'd would be of great use. I am 
+persuaded, therefore, that ere long some ingenious philosopher will 
+undertake it, to whom I wish success. 
+
+We were several times chas'd in our passage, but outsail'd every thing, 
+
+153 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+and in thirty days had soundings. We had a good observation, and the 
+captain judg'd himself so near our port, Falmouth, that, if we made a good 
+run in the night, we might be off the mouth of that harbor in the morning, 
+and by running in the night might escape the notice of the enemy's 
+privateers, who often crus'd near the entrance of the channel. Accordingly, 
+all the sail was set that we could possibly make, and the wind being very 
+fresh and fair, we went right before it, and made great way. The captain, 
+after his observation, shap'd his course, as he thought, so as to pass wide 
+of the Scilly Isles; but it seems there is sometimes a strong indraught 
+setting up St. George's Channel, which deceives seamen and caused the 
+loss of Sir Cloudesley Shovel's squadron. This indraught was probably the 
+cause of what happened to us. 
+
+We had a watchman plac'd in the bow, to whom they often called, 
+"Look well out before there," and he as often answered, "Ay ay; " but 
+perhaps had his eyes shut, and was half asleep at the time, they sometimes 
+answering, as is said, mechanically; for he did not see a light just before us, 
+which had been hid by the studdingsails from the man at the helm, and 
+from the rest of the watch, but by an accidental yaw of the ship was 
+discover'd, and occasion'd a great alarm, we being very near it, the light 
+appearing to me as big as a cart-wheel. It was midnight, and our captain 
+fast asleep; but Captain Kennedy, jumping upon deck, and seeing the 
+danger, ordered the ship to wear round, all sails standing; an operation 
+dangerous to the masts, but it carried us clear, and we escaped shipwreck, 
+for we were running right upon the rocks on which the light-house was 
+erected. This deliverance impressed me strongly with the utility of lighthouses, 
+and made me resolve to encourage the building more of them in 
+America, if I should live to return there. 
+
+In the morning it was found by the soundings, etc., that we were near 
+our port, but a thick fog hid the land from our sight. About nine o'clock the 
+fog began to rise, and seem'd to be lifted up from the water like the curtain 
+at a play-house, discovering underneath, the town of Falmouth, the vessels 
+in its harbor, and the fields that surrounded it. This was a most pleasing 
+spectacle to those who had been so long without any other prospects than 
+the uniform view of a vacant ocean, and it gave us the more pleasure as we 
+
+154 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+were now free from the anxieties which the state of war occasion'd. 
+
+I set out immediately, with my son, for London, and we only stopt a 
+little by the way to view Stonehenge on Salisbury Plain, and Lord 
+Pembroke's house and gardens, with his very curious antiquities at Wilton. 
+We arrived in London the 27th of July, 1757.<16> 
+
+<16> Here terminates the Autobiography, as published by Wm. 
+Temple Franklin and his successors. What follows was written in the last 
+year of Dr. Franklin's life, and was first printed (in English) in Mr. 
+Bigelow's edition of 1868.--ED. 
+AS SOON as I was settled in a lodging Mr. Charles had provided for 
+me, I went to visit Dr. Fothergill, to whom I was strongly recommended, 
+and whose counsel respecting my proceedings I was advis'd to obtain. He 
+was against an immediate complaint to government, and thought the 
+proprietaries should first be personally appli'd to, who might possibly be 
+induc'd by the interposition and persuasion of some private friends, to 
+accommodate matters amicably. I then waited on my old friend and 
+correspondent, Mr. Peter Collinson, who told me that John Hanbury, the 
+great Virginia merchant, had requested to be informed when I should 
+arrive, that he might carry me to Lord Granville's, who was then President 
+of the Council and wished to see me as soon as possible. I agreed to go 
+with him the next morning. Accordingly Mr. Hanbury called for me and 
+took me in his carriage to that nobleman's, who receiv'd me with great 
+civility; and after some questions respecting the present state of affairs in 
+America and discourse thereupon, he said to me: "You Americans have 
+wrong ideas of the nature of your constitution; you contend that the king's 
+instructions to his governors are not laws, and think yourselves at liberty 
+to regard or disregard them at your own discretion. But those instructions 
+are not like the pocket instructions given to a minister going abroad, for 
+regulating his conduct in some trifling point of ceremony. They are first 
+drawn up by judges learned in the laws; they are then considered, debated, 
+and perhaps amended in Council, after which they are signed by the king. 
+They are then, so far as they relate to you, the law of the land, for the king 
+is the LEGISLATOR OF THE COLONIES." I told his lordship this was 
+new doctrine to me. I had always understood from our charters that our 
+
+155 
+
+
+
+THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN 
+
+
+laws were to be made by our Assemblies, to be presented indeed to the 
+king for his royal assent, but that being once given the king could not 
+repeal or alter them. And as the Assemblies could not make permanent 
+laws without his assent, so neither could he make a law 
diff --git a/chapter15/ch15_strings/map_string_franklin/map_string.cpp b/chapter15/ch15_strings/map_string_franklin/map_string.cpp
new file mode 100644
index 0000000..1fe8f9b
--- /dev/null
+++ b/chapter15/ch15_strings/map_string_franklin/map_string.cpp
@@ -0,0 +1,57 @@
+/*
+file name: map_string.cpp
+purpose: 
+	统计“TheAutobiographyOfBenjaminFranklin.txt”中出现频率最高的100个单词。
+	（使用标准库中的map将整个计数与每个字符串联系起来。）。
+creator: guangwei jiang
+create time: 2012-09-12
+
+modify history:
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <iostream>
+#include <set>
+#include <map>
+ 
+using namespace std;
+
+#define INPUT_FILE_NAME			"TheAutobiographyOfBenjaminFranklin.±txt"
+#define MAX_CHAR_NUM			128
+
+int main()
+{
+	FILE * fp;
+	map <string, int> M;
+	map <string, int>::iterator j;
+	char str[MAX_CHAR_NUM];
+	clock_t start, finish;
+	double duration;
+	
+	start = clock();
+	
+	fp = fopen (INPUT_FILE_NAME, "rb" );
+	if (fp==NULL)
+	{
+		printf("open file failed\n");
+		return -1;
+	}
+	
+	while (fscanf(fp, "%s", str) != EOF)
+	{
+		M[str]++;
+	}
+	fclose(fp);
+	
+	for (j = M.begin(); j != M.end(); ++j)
+		cout << j->first << " " << j->second << "\n";
+	
+	finish = clock();
+
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+	cout << "Cost time: " << duration << " seconds \n";
+
+	return 0;
+}
diff --git a/chapter15/ch15_strings/map_string_franklin/readme.txt b/chapter15/ch15_strings/map_string_franklin/readme.txt
new file mode 100644
index 0000000..49f1048
--- /dev/null
+++ b/chapter15/ch15_strings/map_string_franklin/readme.txt
@@ -0,0 +1,3 @@
+ch15.1, P154
+统计“TheAutobiographyOfBenjaminFranklin.txt”中出现频率最高的100个单词。
+（使用标准库中的map将整个计数与每个字符串联系起来。）
diff --git a/chapter15/markov_letters.cc b/chapter15/markov_letters.cc
new file mode 100644
index 0000000..a98383f
--- /dev/null
+++ b/chapter15/markov_letters.cc
@@ -0,0 +1,41 @@
+#include <cstdio>
+#include <cstdlib>
+
+int main(int argc, char *argv[]) {
+  const int kMax = 50000;
+  const int kK = 5;
+  const int kPrintlen = 1000;
+  char str[kMax];
+  int c, n;
+  n = 0;
+  while ((c = getchar()) != EOF) {
+    str[n++] = c;
+  }
+  str[n] = 0;
+  char *p, *q, *next_p;
+  p = str;
+  int i, eq_sofar, j;
+  for (i = 0; i < kK; ++i) {
+    printf("%c", str[i]);
+  }
+  for (i = 0; i < kPrintlen; ++i) {
+    eq_sofar = 0;
+    for (q = str; q < str + n - kK + 1; ++q) {
+      for (j = 0; j < kK && *(p + j) == *(q + j); ++j) {
+      }
+      if (j == kK) {
+        eq_sofar++;
+        if (rand() % eq_sofar == 0) {
+          next_p = q;
+        }
+      }
+    }
+    c = *(next_p + kK);
+    if (c == 0) {
+      break;
+    }
+    putchar(c);
+    p = next_p + 1;
+  }
+  return 0;
+}
diff --git a/chapter15/markov_words.cc b/chapter15/markov_words.cc
new file mode 100644
index 0000000..a7a1f33
--- /dev/null
+++ b/chapter15/markov_words.cc
@@ -0,0 +1,81 @@
+#include <cstdio>
+#include <cstdlib>
+#include <cstring>
+
+#define MAXINPUT 4000000
+#define MAXWORDS 800000
+#define K 2
+char input_letters[MAXINPUT];
+char *word[MAXWORDS];
+
+
+
+int SortCmp(const void *a, const void *b) {
+  const char **p = (const char**)(a);
+  const char **q = (const char**)(b);
+  return WordNcmp(*p, *q, K);
+}
+
+char* SkipNword(char *p, int n) {
+  for (; n > 0; p++) {
+    if (*p == 0) {
+      --n;
+    }
+  }
+  return p;
+}
+
+int FindPhrase(char **word, int n, char *phrase) {
+  int l = -1;
+  int u = n;
+  int m;
+  while (l + 1 != u) {
+    m = (l + u) / 2;
+    if (WordNcmp(word[m], phrase, K) < 0) {
+      l = m;
+    } else {
+      u = m;
+    }
+  }
+  return u;
+}
+
+int main(int argc, char *argv[]) {
+  int nword = 0;
+  word[0] = input_letters;
+  while (scanf("%s", word[nword]) != EOF) {
+    word[nword + 1] = word[nword] + strlen(word[nword]) + 1;
+    nword++;
+    if (nword == MAXWORDS) {
+      break;
+    }
+  }
+  int i;
+  for (i = 0; i < K; ++i) {
+    word[nword][i] = 0;
+  }
+  for (i = 0; i < K; ++i) {
+    printf("%s ", word[i]);
+  }
+  qsort(word, nword, sizeof(word[0]), SortCmp);
+  char *phrase = input_letters;
+  int printlen = 100;
+  int find_index;
+  char *p;
+  for (; printlen > 0; --printlen) {
+    int find_index = FindPhrase(word, nword, phrase);
+    for (i = 0; WordNcmp(phrase, word[find_index + i], K) == 0; ++i) {
+      if ((rand() % (i + 1)) == 0) {
+        p = word[find_index + i];
+      }
+    }
+    phrase = SkipNword(p, 1);
+    if (strlen(SkipNword(phrase, K - 1)) == 0) {
+      break;
+    }
+    printf("%s ", SkipNword(phrase, K - 1));
+  }
+  printf("\n");
+  return 0;
+}
+
diff --git a/chapter15/markovhash_words.cc b/chapter15/markovhash_words.cc
new file mode 100644
index 0000000..74bc997
--- /dev/null
+++ b/chapter15/markovhash_words.cc
@@ -0,0 +1,99 @@
+#include <cstdio>
+#include <cstdlib>
+#include <cstring>
+
+#define MAXINPUT 4000000
+#define MAXWORDS 800000
+#define K 2
+char input_letters[MAXINPUT];
+char *word[MAXWORDS];
+
+int WordNcmp(const char *p, const char *q, size_t n) {
+    int comLen = 0;
+    bool noEq = false;
+    for(int i = 0; i< n && !noEq; i++) {
+        if (q[i] == q[i]) {
+            comLen++;
+        } else {
+            noEq = true;
+        }
+    }
+    return commLen;
+}
+
+char* SkipNword(char *p, int n) {
+  for (; n > 0; p++) {
+    if (*p == 0) {
+      --n;
+    }
+  }
+  return p;
+}
+
+#define NHASH 499979
+#define MULT 31
+int bin[NHASH];
+int next[MAXWORDS];
+
+unsigned int Hash(char *str) {
+  unsigned int h = 0;
+  char *p = str;
+  for (int n = K; n > 0; p++) {
+    h = MULT * h + (unsigned char)(*p);
+    if (*p == 0) {
+      --n;
+    }
+  }
+  return h % NHASH;
+}
+
+void InitHash(char **word, int nword) {
+  int i;
+  for (i = 0; i < NHASH; ++i) {
+    bin[i] = - 1;
+  }
+  for (i = 0; i < nword; ++i) {
+    unsigned int h = Hash(word[i]);
+    next[i] = bin[h];
+    bin[h] = i;
+  }
+}
+
+int main(int argc, char *argv[]) {
+  int nword = 0;
+  word[0] = input_letters;
+  while (scanf("%s", word[nword]) != EOF) {
+    word[nword + 1] = word[nword] + strlen(word[nword]) + 1;
+    nword++;
+    if (nword == MAXWORDS) {
+      break;
+    }
+  }
+  int i;
+  for (i = 0; i < K; ++i) {
+    word[nword][i] = 0;
+  }
+  InitHash(word, nword);
+  for (i = 0; i < K; ++i) {
+    printf("%s ", word[i]);
+  }
+  char *phrase = input_letters;
+  int printlen = 100;
+  char *p;
+  for (; printlen > 0; --printlen) {
+    i = 0;
+    for (int j = bin[Hash(phrase)]; j >= 0; j = next[j]) {
+      if (WordNcmp(word[j], phrase, K) == 0 && (rand() % (++i) == 0)) {
+        p = word[j];
+      }
+    }
+    phrase = SkipNword(p, 1);
+    if (strlen(SkipNword(phrase, K - 1)) == 0) {
+      break;
+    }
+    printf("%s ", SkipNword(phrase, K - 1));
+  }
+  printf("\n");
+  return 0;
+}
+
diff --git a/chapter15/word_freq.cc b/chapter15/word_freq.cc
new file mode 100644
index 0000000..68d3ce0
--- /dev/null
+++ b/chapter15/word_freq.cc
@@ -0,0 +1,55 @@
+#include <iostream>  // NOLINT
+#include <string>
+
+
+struct Node {
+    Node(string inword, int incount, Node *innext)
+        word(inword), count(incount), next(innext){
+    }
+    string word;
+    int count;
+    Node *next;
+};
+
+#define NHASH 29989
+#define MULT 31
+Nodeptr bin[NHASH];
+
+unsigned int Hash(const string &str) {
+    unsigned int h = 0;
+    for (string::const_iterator it = str.begin(); it != str.end(); ++it) {
+        h = MULT * h + *it;
+    }
+    return h % NHASH;
+}
+
+void InWord(const string &str) {
+  Nodeptr p;
+  int h;
+  h = Hash(str);
+  for (p = bin[h]; p != NULL; p = p->next) {
+    if (str.compare(p->word) == 0) {
+      (p->count)++;
+      return;
+    }
+  }
+  p = new Node(str, 1, bin[h]);
+  bin[h] = p;
+}
+
+int main(int argc, char *argv[]) {
+  string str;
+  int i;
+  for (i = 0; i < NHASH; ++i) {
+    bin[i] = NULL;
+  }
+  while (cin >> str) {
+    InWord(str);
+  }
+  for (i = 0; i < NHASH; ++i) {
+    for (Nodeptr p = bin[i]; p != NULL; p = p->next) {
+      cout << p->word << " " << p->count << endl;
+    }
+  }
+  return 0;
+}
diff --git a/chapter2/7.cc b/chapter2/7.cc
new file mode 100644
index 0000000..7d43b18
--- /dev/null
+++ b/chapter2/7.cc
@@ -0,0 +1,82 @@
+#include <iostream> // NOLINT
+#include <vector>
+#include <algorithm>
+
+using namespace std;
+
+struct MatrixElem {
+  MatrixElem(int i_data, int i_row, int i_col) {
+    data = i_data;
+    row = i_row;
+    col = i_col;
+  }
+  int data;
+  int row;
+  int col;
+};
+
+bool MatrixElemComp(const MatrixElem &lhs, const MatrixElem &rhs) {
+  if (lhs.col == rhs.col) {
+    return lhs.row < rhs.row;
+  } else {
+    return lhs.col < rhs.col;
+  }
+}
+
+void TransposeMatrix(const vector<vector<int> > &matrix,
+                     vector<vector<int> > *trans_matrix) {
+  vector<MatrixElem> matrix_vector;
+  int n_row;
+  int n_col;
+  n_row = matrix.size();
+  if (n_row < 1) {
+    return;
+  }
+  n_col = matrix[0].size();
+
+  for (int row = 0; row < n_row; ++row) {
+    for (int col = 0; col < n_col; ++col) {
+      MatrixElem elem = MatrixElem(matrix[row][col], row, col);
+      matrix_vector.push_back(elem);
+    }
+  }
+
+  sort(matrix_vector.begin(), matrix_vector.end(), MatrixElemComp);
+
+  trans_matrix->resize(n_row);
+  for (int row = 0;  row < n_row; ++row) {
+    (trans_matrix->at(row)).resize(n_col);
+  }
+
+  for (int i = 0; i < matrix_vector.size(); ++i) {
+    (*trans_matrix)[i / n_row][i % n_row] = matrix_vector[i].data;
+  }
+}
+
+void PrintMatrix(const vector<vector<int> > &matrix) {
+  for (int row = 0; row < matrix.size(); ++row) {
+    for (int col = 0; col < matrix[row].size(); ++col) {
+      cout << matrix[row][col] << " ";
+    }
+    cout << endl;
+  }
+}
+
+int main(int argc, char *argv[]) {
+  vector<vector<int> > matrix;
+  vector<vector<int> > trans_matrix;
+  vector<int> temp;
+  for (int row = 0; row < 10; ++row) {
+    for (int col = 0; col < 10; ++col) {
+      temp.push_back(row*10 + col);
+    }
+    matrix.push_back(temp);
+    temp.clear();
+  }
+  PrintMatrix(matrix);
+  TransposeMatrix(matrix, &trans_matrix);
+  cout << "transpose:" << endl;
+  PrintMatrix(trans_matrix);
+  return 0;
+}
+
diff --git a/chapter2/8.cc b/chapter2/8.cc
new file mode 100644
index 0000000..0f47e9e
--- /dev/null
+++ b/chapter2/8.cc
@@ -0,0 +1,56 @@
+#include <iostream> // NOLINT
+using std::cout;
+using std::endl;
+#include <utility>
+using std::swap;
+#include <ctime>
+#include <cstdlib>
+
+unsigned int seed = time(NULL);
+int randint(int m, int n) {
+  return m + rand_r(&seed) / (RAND_MAX / (n + 1 - m) + 1);
+}
+
+void RandomSelectionK(int *array, int l, int u, int k) {
+  if (l >= u) {
+    return;
+  }
+  swap(array[l], array[randint(l, u)]);
+  int pivot = array[l];
+  int i = l;
+  int j = u + 1;
+  while (true) {
+    do {
+      ++i;
+    } while (i <= u && array[i] < pivot);
+    do {
+      --j;
+    } while (array[j] > pivot);
+    if (i > j) {
+      break;
+    }
+    swap(array[i], array[j]);
+  }
+  swap(array[l], array[j]);
+  if (j < k) {
+    RandomSelectionK(array, j + 1, u, k);
+  } else if (j > k) {
+    RandomSelectionK(array, l, j - 1, k);
+  }
+}
+
+int main(int argc, char *argv[]) {
+  const int kMaxN = 100;
+  const int kSelectK = 8;
+  int array[kMaxN];
+  for (int i = 0; i < kMaxN; ++i) {
+    array[i] = kMaxN - i;
+  }
+  RandomSelectionK(array, 0, kMaxN - 1, kSelectK);
+  cout << "the k minimal elements are:" << endl;
+  for (int i = 0; i < kSelectK; ++i) {
+    cout << array[i] << " ";
+  }
+  cout << endl;
+  return 0;
+}
diff --git a/chapter2/anagram.cc b/chapter2/anagram.cc
new file mode 100644
index 0000000..fb2f8b5
--- /dev/null
+++ b/chapter2/anagram.cc
@@ -0,0 +1,67 @@
+#include <iostream> // NOLINT
+#include <string>
+#include <vector>
+#include <map>
+#include <algorithm>
+#include <utility>
+
+struct classcomp {
+    bool operator() (const string &lhs, const string &rhs) const {
+    if (lhs.compare(rhs) < 0) {
+      return true;
+    } else {
+      return false;
+    }
+  }
+};
+
+bool stringcomp(char a, char b) {
+  return a < b;
+}
+
+void signWord(multimap<string, string, classcomp> *words_map,
+              const string &word) {
+  string sign = word;
+  sort(sign.begin(), sign.end(), stringcomp);
+  words_map->insert(pair<string, string>(sign, word));
+}
+
+void squash(multimap<string, string, classcomp> *words_map,
+            vector<vector<string> > *anagram_words) {
+  string old_sig;
+  old_sig = words_map->begin()->first;
+  vector<string> anagram_vector;
+  for (multimap<string, string, classcomp>::iterator it = words_map->begin();
+       it != words_map->end(); ++it) {
+    if ((*it).first == old_sig) {
+      anagram_vector.push_back((*it).second);
+    } else {
+      anagram_words->push_back(anagram_vector);
+      old_sig = (*it).first;
+      anagram_vector.clear();
+      anagram_vector.push_back(old_sig);
+    }
+  }
+}
+
+int main(int argc, char *argv[]) {
+  string word;
+  multimap<string, string, classcomp> *words_map = new
+      multimap<string, string, classcomp>();
+  while (cin >> word) {
+    signWord(words_map, word);
+  }
+  vector<vector<string> > *anagram_words = new vector<vector<string> >();
+  squash(words_map, anagram_words);
+
+  for (vector<vector<string> >::iterator it = anagram_words->begin();
+       it != anagram_words->end(); ++it) {
+    for (vector<string>::iterator it_inter = it->begin();
+        it_inter != it->end(); ++it_inter) {
+      cout << *it_inter << " ";
+    }
+    cout << endl;
+  }
+
+  return 0;
+}
diff --git a/chapter2/block_swap.cc b/chapter2/block_swap.cc
new file mode 100644
index 0000000..1b41bb0
--- /dev/null
+++ b/chapter2/block_swap.cc
@@ -0,0 +1,22 @@
+#include <iostream>  //NOLINT
+void rotate(char* var, size_t frontSize, size_t size) {
+    if ( var == NULL || size <= frontSize) {
+        return ;
+    }
+    char* front = (char*) calloc(frontSize, sizeof(char));
+    memmove(front, var, frontSize);
+    memmove(var, var + frontSize, size - frontSize);
+    memmove(var+( size- frontSize), front, frontSize);
+    free(front);
+}
+
+void rotate1(char *array, size_t frontSize, size_t size) {
+    if ( var == NULL || size <= frontSize) {
+        return ;
+    }
+
+    reverse(array, frontSize);
+    reverse(array + frontSize, size - frontSize);
+    reverse(array, size);
+}
+
diff --git a/chapter2/dictionary.txt b/chapter2/dictionary.txt
new file mode 100644
index 0000000..dc973ca
--- /dev/null
+++ b/chapter2/dictionary.txt
@@ -0,0 +1,80368 @@
+aa
+aah
+aahed
+aahing
+aahs
+aal
+aalii
+aaliis
+aals
+aardvark
+aardwolf
+aargh
+aarrgh
+aarrghh
+aas
+aasvogel
+ab
+aba
+abaca
+abacas
+abaci
+aback
+abacus
+abacuses
+abaft
+abaka
+abakas
+abalone
+abalones
+abamp
+abampere
+abamps
+abandon
+abandons
+abapical
+abas
+abase
+abased
+abasedly
+abaser
+abasers
+abases
+abash
+abashed
+abashes
+abashing
+abasia
+abasias
+abasing
+abatable
+abate
+abated
+abater
+abaters
+abates
+abating
+abatis
+abatises
+abator
+abators
+abattis
+abattoir
+abaxial
+abaxile
+abba
+abbacies
+abbacy
+abbas
+abbatial
+abbe
+abbes
+abbess
+abbesses
+abbey
+abbeys
+abbot
+abbotcy
+abbots
+abdicate
+abdomen
+abdomens
+abdomina
+abduce
+abduced
+abducens
+abducent
+abduces
+abducing
+abduct
+abducted
+abductor
+abducts
+abeam
+abed
+abele
+abeles
+abelia
+abelian
+abelias
+abelmosk
+aberrant
+abet
+abetment
+abets
+abettal
+abettals
+abetted
+abetter
+abetters
+abetting
+abettor
+abettors
+abeyance
+abeyancy
+abeyant
+abfarad
+abfarads
+abhenry
+abhenrys
+abhor
+abhorred
+abhorrer
+abhors
+abidance
+abide
+abided
+abider
+abiders
+abides
+abiding
+abigail
+abigails
+ability
+abioses
+abiosis
+abiotic
+abject
+abjectly
+abjure
+abjured
+abjurer
+abjurers
+abjures
+abjuring
+ablate
+ablated
+ablates
+ablating
+ablation
+ablative
+ablaut
+ablauts
+ablaze
+able
+ablegate
+abler
+ables
+ablest
+ablings
+ablins
+abloom
+abluent
+abluents
+ablush
+abluted
+ablution
+ably
+abmho
+abmhos
+abnegate
+abnormal
+abo
+aboard
+abode
+aboded
+abodes
+aboding
+abohm
+abohms
+aboideau
+aboil
+aboiteau
+abolish
+abolla
+abollae
+aboma
+abomas
+abomasa
+abomasal
+abomasi
+abomasum
+abomasus
+aboon
+aboral
+aborally
+aborning
+abort
+aborted
+aborter
+aborters
+aborting
+abortion
+abortive
+aborts
+abos
+abought
+aboulia
+aboulias
+aboulic
+abound
+abounded
+abounds
+about
+above
+aboves
+abrachia
+abradant
+abrade
+abraded
+abrader
+abraders
+abrades
+abrading
+abrasion
+abrasive
+abreact
+abreacts
+abreast
+abri
+abridge
+abridged
+abridger
+abridges
+abris
+abroach
+abroad
+abrogate
+abrosia
+abrosias
+abrupt
+abrupter
+abruptly
+abs
+abscess
+abscise
+abscised
+abscises
+abscisin
+abscissa
+abscond
+absconds
+abseil
+abseiled
+abseils
+absence
+absences
+absent
+absented
+absentee
+absenter
+absently
+absents
+absinth
+absinthe
+absinths
+absolute
+absolve
+absolved
+absolver
+absolves
+absonant
+absorb
+absorbed
+absorber
+absorbs
+abstain
+abstains
+absterge
+abstract
+abstrict
+abstruse
+absurd
+absurder
+absurdly
+absurds
+abubble
+abulia
+abulias
+abulic
+abundant
+abusable
+abuse
+abused
+abuser
+abusers
+abuses
+abusing
+abusive
+abut
+abutilon
+abutment
+abuts
+abuttal
+abuttals
+abutted
+abutter
+abutters
+abutting
+abuzz
+abvolt
+abvolts
+abwatt
+abwatts
+aby
+abye
+abyes
+abying
+abys
+abysm
+abysmal
+abysms
+abyss
+abyssal
+abysses
+acacia
+acacias
+academe
+academes
+academia
+academic
+academy
+acajou
+acajous
+acaleph
+acalephe
+acalephs
+acanthi
+acanthus
+acapnia
+acapnias
+acari
+acarid
+acaridan
+acarids
+acarine
+acarines
+acaroid
+acarpous
+acarus
+acaudal
+acaudate
+acauline
+acaulose
+acaulous
+accede
+acceded
+acceder
+acceders
+accedes
+acceding
+accent
+accented
+accentor
+accents
+accept
+accepted
+acceptee
+accepter
+acceptor
+accepts
+access
+accessed
+accesses
+accident
+accidia
+accidias
+accidie
+accidies
+acclaim
+acclaims
+accolade
+accord
+accorded
+accorder
+accords
+accost
+accosted
+accosts
+account
+accounts
+accouter
+accoutre
+accredit
+accrete
+accreted
+accretes
+accrual
+accruals
+accrue
+accrued
+accrues
+accruing
+accuracy
+accurate
+accursed
+accurst
+accusal
+accusals
+accusant
+accuse
+accused
+accuser
+accusers
+accuses
+accusing
+accustom
+ace
+aced
+acedia
+acedias
+aceldama
+acentric
+acequia
+acequias
+acerate
+acerated
+acerb
+acerbate
+acerber
+acerbest
+acerbic
+acerbity
+acerola
+acerolas
+acerose
+acerous
+acervate
+acervuli
+aces
+acescent
+aceta
+acetal
+acetals
+acetamid
+acetate
+acetated
+acetates
+acetic
+acetify
+acetin
+acetins
+acetone
+acetones
+acetonic
+acetose
+acetous
+acetoxyl
+acetum
+acetyl
+acetylic
+acetyls
+ache
+ached
+achene
+achenes
+achenial
+aches
+achier
+achiest
+achieve
+achieved
+achiever
+achieves
+achillea
+achiness
+aching
+achingly
+achiote
+achiotes
+acholia
+acholias
+achoo
+achromat
+achromic
+achy
+acicula
+aciculae
+acicular
+aciculas
+aciculum
+acid
+acidemia
+acidhead
+acidic
+acidify
+acidity
+acidly
+acidness
+acidoses
+acidosis
+acidotic
+acids
+aciduria
+acidy
+acierate
+aciform
+acinar
+acing
+acini
+acinic
+acinose
+acinous
+acinus
+ackee
+ackees
+aclinic
+acmatic
+acme
+acmes
+acmic
+acne
+acned
+acnes
+acnode
+acnodes
+acock
+acold
+acolyte
+acolytes
+aconite
+aconites
+aconitic
+aconitum
+acorn
+acorns
+acoustic
+acquaint
+acquest
+acquests
+acquire
+acquired
+acquirer
+acquires
+acquit
+acquits
+acrasia
+acrasias
+acrasin
+acrasins
+acre
+acreage
+acreages
+acred
+acres
+acrid
+acrider
+acridest
+acridine
+acridity
+acridly
+acrimony
+acrobat
+acrobats
+acrodont
+acrogen
+acrogens
+acrolect
+acrolein
+acrolith
+acromia
+acromial
+acromion
+acronic
+acronym
+acronyms
+acrosome
+across
+acrostic
+acrotic
+acrotism
+acrylate
+acrylic
+acrylics
+act
+acta
+actable
+acted
+actin
+actinal
+acting
+actings
+actinia
+actiniae
+actinian
+actinias
+actinic
+actinide
+actinism
+actinium
+actinoid
+actinon
+actinons
+actins
+action
+actions
+activate
+active
+actively
+actives
+activism
+activist
+activity
+activize
+actor
+actorish
+actors
+actress
+actressy
+acts
+actual
+actually
+actuary
+actuate
+actuated
+actuates
+actuator
+acuate
+acuities
+acuity
+aculeate
+aculei
+aculeus
+acumen
+acumens
+acutance
+acute
+acutely
+acuter
+acutes
+acutest
+acyclic
+acyl
+acylate
+acylated
+acylates
+acyloin
+acyloins
+acyls
+ad
+adage
+adages
+adagial
+adagio
+adagios
+adamance
+adamancy
+adamant
+adamants
+adamsite
+adapt
+adapted
+adapter
+adapters
+adapting
+adaption
+adaptive
+adaptor
+adaptors
+adapts
+adaxial
+add
+addable
+addax
+addaxes
+added
+addedly
+addend
+addenda
+addends
+addendum
+adder
+adders
+addible
+addict
+addicted
+addicts
+adding
+addition
+additive
+additory
+addle
+addled
+addles
+addling
+address
+addrest
+adds
+adduce
+adduced
+adducent
+adducer
+adducers
+adduces
+adducing
+adduct
+adducted
+adductor
+adducts
+adeem
+adeemed
+adeeming
+adeems
+adenine
+adenines
+adenitis
+adenoid
+adenoids
+adenoma
+adenomas
+adenoses
+adenosis
+adenyl
+adenyls
+adept
+adepter
+adeptest
+adeptly
+adepts
+adequacy
+adequate
+adhere
+adhered
+adherend
+adherent
+adherer
+adherers
+adheres
+adhering
+adhesion
+adhesive
+adhibit
+adhibits
+adieu
+adieus
+adieux
+adios
+adipic
+adipose
+adiposes
+adiposis
+adipous
+adit
+adits
+adjacent
+adjoin
+adjoined
+adjoins
+adjoint
+adjoints
+adjourn
+adjourns
+adjudge
+adjudged
+adjudges
+adjunct
+adjuncts
+adjure
+adjured
+adjurer
+adjurers
+adjures
+adjuring
+adjuror
+adjurors
+adjust
+adjusted
+adjuster
+adjustor
+adjusts
+adjutant
+adjuvant
+adman
+admass
+admen
+admiral
+admirals
+admire
+admired
+admirer
+admirers
+admires
+admiring
+admit
+admits
+admitted
+admitter
+admix
+admixed
+admixes
+admixing
+admixt
+admonish
+adnate
+adnation
+adnexa
+adnexal
+adnoun
+adnouns
+ado
+adobe
+adobes
+adobo
+adobos
+adonis
+adonises
+adopt
+adopted
+adoptee
+adoptees
+adopter
+adopters
+adopting
+adoption
+adoptive
+adopts
+adorable
+adorably
+adore
+adored
+adorer
+adorers
+adores
+adoring
+adorn
+adorned
+adorner
+adorners
+adorning
+adorns
+ados
+adown
+adoze
+adrenal
+adrenals
+adrift
+adroit
+adroiter
+adroitly
+ads
+adscript
+adsorb
+adsorbed
+adsorber
+adsorbs
+adularia
+adulate
+adulated
+adulates
+adulator
+adult
+adultery
+adultly
+adults
+adumbral
+adunc
+aduncate
+aduncous
+adust
+advance
+advanced
+advancer
+advances
+advect
+advected
+advects
+advent
+advents
+adverb
+adverbs
+adverse
+advert
+adverted
+adverts
+advice
+advices
+advise
+advised
+advisee
+advisees
+adviser
+advisers
+advises
+advising
+advisor
+advisors
+advisory
+advocacy
+advocate
+advowson
+adynamia
+adynamic
+adyta
+adytum
+adz
+adze
+adzes
+adzuki
+adzukis
+ae
+aecia
+aecial
+aecidia
+aecidial
+aecidium
+aecium
+aedes
+aedile
+aediles
+aedine
+aegis
+aegises
+aeneous
+aeneus
+aeolian
+aeon
+aeonian
+aeonic
+aeons
+aequorin
+aerate
+aerated
+aerates
+aerating
+aeration
+aerator
+aerators
+aerial
+aerially
+aerials
+aerie
+aeried
+aerier
+aeries
+aeriest
+aerified
+aerifies
+aeriform
+aerify
+aerily
+aero
+aerobe
+aerobes
+aerobia
+aerobic
+aerobics
+aerobium
+aeroduct
+aerodyne
+aerofoil
+aerogel
+aerogels
+aerogram
+aerolite
+aerolith
+aerology
+aeronaut
+aeronomy
+aerosat
+aerosats
+aerosol
+aerosols
+aerostat
+aerugo
+aerugos
+aery
+aesthete
+aestival
+aether
+aetheric
+aethers
+afar
+afars
+afeard
+afeared
+afebrile
+aff
+affable
+affably
+affair
+affaire
+affaires
+affairs
+affect
+affected
+affecter
+affects
+afferent
+affiance
+affiant
+affiants
+affiche
+affiches
+affinal
+affine
+affined
+affinely
+affines
+affinity
+affirm
+affirmed
+affirmer
+affirms
+affix
+affixal
+affixed
+affixer
+affixers
+affixes
+affixial
+affixing
+afflatus
+afflict
+afflicts
+affluent
+afflux
+affluxes
+afford
+afforded
+affords
+afforest
+affray
+affrayed
+affrayer
+affrays
+affright
+affront
+affronts
+affusion
+afghan
+afghani
+afghanis
+afghans
+afield
+afire
+aflame
+afloat
+aflutter
+afoot
+afore
+afoul
+afraid
+afreet
+afreets
+afresh
+afrit
+afrits
+aft
+after
+afters
+aftertax
+aftmost
+aftosa
+aftosas
+ag
+aga
+again
+against
+agalloch
+agalwood
+agama
+agamas
+agamete
+agametes
+agamic
+agamous
+agapae
+agapai
+agape
+agapeic
+agar
+agaric
+agarics
+agarose
+agaroses
+agars
+agas
+agate
+agates
+agatize
+agatized
+agatizes
+agatoid
+agave
+agaves
+agaze
+age
+aged
+agedly
+agedness
+agee
+ageing
+ageings
+ageism
+ageisms
+ageist
+ageists
+ageless
+agelong
+agencies
+agency
+agenda
+agendas
+agendum
+agendums
+agene
+agenes
+ageneses
+agenesia
+agenesis
+agenetic
+agenize
+agenized
+agenizes
+agent
+agential
+agenting
+agentive
+agentry
+agents
+ager
+ageratum
+agers
+ages
+aggadic
+agger
+aggers
+aggie
+aggies
+aggrade
+aggraded
+aggrades
+aggress
+aggrieve
+aggro
+aggros
+agha
+aghas
+aghast
+agile
+agilely
+agility
+agin
+aging
+agings
+aginner
+aginners
+agio
+agios
+agiotage
+agism
+agisms
+agist
+agisted
+agisting
+agists
+agitable
+agitate
+agitated
+agitates
+agitato
+agitator
+agitprop
+aglare
+agleam
+aglee
+aglet
+aglets
+agley
+aglimmer
+aglitter
+aglow
+agly
+aglycon
+aglycone
+aglycons
+agma
+agmas
+agminate
+agnail
+agnails
+agnate
+agnates
+agnatic
+agnation
+agnize
+agnized
+agnizes
+agnizing
+agnomen
+agnomens
+agnomina
+agnosia
+agnosias
+agnostic
+ago
+agog
+agon
+agonal
+agone
+agones
+agonic
+agonies
+agonise
+agonised
+agonises
+agonist
+agonists
+agonize
+agonized
+agonizes
+agons
+agony
+agora
+agorae
+agoras
+agorot
+agoroth
+agouti
+agouties
+agoutis
+agouty
+agrafe
+agrafes
+agraffe
+agraffes
+agrapha
+agraphia
+agraphic
+agrarian
+agravic
+agree
+agreed
+agreeing
+agrees
+agrestal
+agrestic
+agria
+agrias
+agrimony
+agrology
+agronomy
+aground
+agrypnia
+ague
+aguelike
+agues
+agueweed
+aguish
+aguishly
+ah
+aha
+ahchoo
+ahead
+ahem
+ahimsa
+ahimsas
+ahold
+aholds
+ahorse
+ahoy
+ahull
+ai
+aiblins
+aid
+aide
+aided
+aider
+aiders
+aides
+aidful
+aiding
+aidless
+aidman
+aidmen
+aids
+aiglet
+aiglets
+aigret
+aigrets
+aigrette
+aiguille
+aikido
+aikidos
+ail
+ailed
+aileron
+ailerons
+ailing
+ailment
+ailments
+ails
+aim
+aimed
+aimer
+aimers
+aimful
+aimfully
+aiming
+aimless
+aims
+ain
+ains
+ainsell
+ainsells
+aioli
+aiolis
+air
+airboat
+airboats
+airborne
+airbound
+airbrush
+airburst
+airbus
+airbuses
+aircheck
+aircoach
+aircraft
+aircrew
+aircrews
+airdate
+airdates
+airdrome
+airdrop
+airdrops
+aired
+airer
+airers
+airest
+airfare
+airfares
+airfield
+airflow
+airflows
+airfoil
+airfoils
+airframe
+airglow
+airglows
+airhead
+airheads
+airhole
+airholes
+airier
+airiest
+airily
+airiness
+airing
+airings
+airless
+airlift
+airlifts
+airlike
+airline
+airliner
+airlines
+airmail
+airmails
+airman
+airmen
+airn
+airns
+airpark
+airparks
+airplane
+airplay
+airplays
+airport
+airports
+airpost
+airposts
+airpower
+airproof
+airs
+airscape
+airscrew
+airshed
+airsheds
+airship
+airships
+airsick
+airspace
+airspeed
+airstrip
+airt
+airted
+airth
+airthed
+airthing
+airths
+airtight
+airtime
+airtimes
+airting
+airts
+airward
+airwave
+airwaves
+airway
+airways
+airwise
+airwoman
+airwomen
+airy
+ais
+aisle
+aisled
+aisles
+aisleway
+ait
+aitch
+aitches
+aits
+aiver
+aivers
+ajar
+ajee
+ajiva
+ajivas
+ajowan
+ajowans
+ajuga
+ajugas
+akee
+akees
+akela
+akelas
+akene
+akenes
+akimbo
+akin
+akvavit
+akvavits
+al
+ala
+alack
+alacrity
+alae
+alameda
+alamedas
+alamo
+alamode
+alamodes
+alamos
+alan
+aland
+alands
+alane
+alang
+alanin
+alanine
+alanines
+alanins
+alans
+alant
+alants
+alanyl
+alanyls
+alar
+alarm
+alarmed
+alarming
+alarmism
+alarmist
+alarms
+alarum
+alarumed
+alarums
+alary
+alas
+alaska
+alaskas
+alastor
+alastors
+alate
+alated
+alates
+alation
+alations
+alb
+alba
+albacore
+albas
+albata
+albatas
+albedo
+albedoes
+albedos
+albeit
+albicore
+albinal
+albinic
+albinism
+albino
+albinos
+albite
+albites
+albitic
+albizia
+albizias
+albizzia
+albs
+album
+albumen
+albumens
+albumin
+albumins
+albumose
+albums
+alburnum
+alcade
+alcades
+alcahest
+alcaic
+alcaics
+alcaide
+alcaides
+alcalde
+alcaldes
+alcayde
+alcaydes
+alcazar
+alcazars
+alchemic
+alchemy
+alchymy
+alcid
+alcidine
+alcids
+alcohol
+alcohols
+alcove
+alcoved
+alcoves
+aldehyde
+alder
+alderfly
+alderman
+aldermen
+alders
+aldol
+aldolase
+aldols
+aldose
+aldoses
+aldrin
+aldrins
+ale
+aleatory
+alec
+alecs
+alee
+alef
+alefs
+alegar
+alegars
+alehouse
+alembic
+alembics
+alencon
+alencons
+aleph
+alephs
+alert
+alerted
+alerter
+alertest
+alerting
+alertly
+alerts
+ales
+aleuron
+aleurone
+aleurons
+alevin
+alevins
+alewife
+alewives
+alexia
+alexias
+alexin
+alexine
+alexines
+alexins
+alfa
+alfaki
+alfakis
+alfalfa
+alfalfas
+alfaqui
+alfaquin
+alfaquis
+alfas
+alforja
+alforjas
+alfresco
+alga
+algae
+algal
+algaroba
+algas
+algebra
+algebras
+algerine
+algicide
+algid
+algidity
+algin
+alginate
+algins
+algoid
+algology
+algor
+algorism
+algors
+algum
+algums
+alias
+aliases
+alibi
+alibied
+alibies
+alibiing
+alibis
+alible
+alidad
+alidade
+alidades
+alidads
+alien
+alienage
+alienate
+aliened
+alienee
+alienees
+aliener
+alieners
+aliening
+alienism
+alienist
+alienly
+alienor
+alienors
+aliens
+alif
+aliform
+alifs
+alight
+alighted
+alights
+align
+aligned
+aligner
+aligners
+aligning
+aligns
+alike
+aliment
+aliments
+alimony
+aline
+alined
+aliner
+aliners
+alines
+alining
+aliped
+alipeds
+aliquant
+aliquot
+aliquots
+alist
+alit
+aliunde
+alive
+aliya
+aliyah
+aliyahs
+aliyas
+aliyos
+aliyot
+alizarin
+alkahest
+alkali
+alkalic
+alkalies
+alkalify
+alkalin
+alkaline
+alkalis
+alkalise
+alkalize
+alkaloid
+alkane
+alkanes
+alkanet
+alkanets
+alkene
+alkenes
+alkies
+alkine
+alkines
+alkoxide
+alkoxy
+alky
+alkyd
+alkyds
+alkyl
+alkylate
+alkylic
+alkyls
+alkyne
+alkynes
+all
+allanite
+allay
+allayed
+allayer
+allayers
+allaying
+allays
+allee
+allees
+allege
+alleged
+alleger
+allegers
+alleges
+alleging
+allegory
+allegro
+allegros
+allele
+alleles
+allelic
+allelism
+alleluia
+allergen
+allergic
+allergin
+allergy
+alley
+alleys
+alleyway
+allheal
+allheals
+alliable
+alliance
+allicin
+allicins
+allied
+allies
+allium
+alliums
+allobar
+allobars
+allocate
+allod
+allodia
+allodial
+allodium
+allods
+allogamy
+allonge
+allonges
+allonym
+allonyms
+allopath
+allot
+allots
+allotted
+allottee
+allotter
+allotype
+allotypy
+allover
+allovers
+allow
+allowed
+allowing
+allows
+alloxan
+alloxans
+alloy
+alloyed
+alloying
+alloys
+alls
+allseed
+allseeds
+allspice
+allude
+alluded
+alludes
+alluding
+allure
+allured
+allurer
+allurers
+allures
+alluring
+allusion
+allusive
+alluvia
+alluvial
+alluvion
+alluvium
+ally
+allying
+allyl
+allylic
+allyls
+alma
+almagest
+almah
+almahs
+almanac
+almanacs
+almas
+alme
+almeh
+almehs
+almemar
+almemars
+almes
+almighty
+almner
+almners
+almond
+almonds
+almoner
+almoners
+almonry
+almost
+alms
+almsman
+almsmen
+almuce
+almuces
+almud
+almude
+almudes
+almuds
+almug
+almugs
+alnico
+alnicoes
+alodia
+alodial
+alodium
+aloe
+aloes
+aloetic
+aloft
+alogical
+aloha
+alohas
+aloin
+aloins
+alone
+along
+aloof
+aloofly
+alopecia
+alopecic
+aloud
+alow
+alp
+alpaca
+alpacas
+alpha
+alphabet
+alphas
+alphorn
+alphorns
+alphosis
+alphyl
+alphyls
+alpine
+alpinely
+alpines
+alpinism
+alpinist
+alps
+already
+alright
+als
+alsike
+alsikes
+also
+alt
+altar
+altars
+alter
+alterant
+altered
+alterer
+alterers
+altering
+alters
+althaea
+althaeas
+althea
+altheas
+altho
+althorn
+althorns
+although
+altitude
+alto
+altoist
+altoists
+altos
+altruism
+altruist
+alts
+aludel
+aludels
+alula
+alulae
+alular
+alum
+alumin
+alumina
+aluminas
+alumine
+alumines
+aluminic
+alumins
+aluminum
+alumna
+alumnae
+alumni
+alumnus
+alumroot
+alums
+alunite
+alunites
+alveolar
+alveoli
+alveolus
+alvine
+alway
+always
+alyssum
+alyssums
+am
+ama
+amadavat
+amadou
+amadous
+amah
+amahs
+amain
+amalgam
+amalgams
+amandine
+amanita
+amanitas
+amanitin
+amaranth
+amarelle
+amaretti
+amaretto
+amarna
+amas
+amass
+amassed
+amasser
+amassers
+amasses
+amassing
+amateur
+amateurs
+amative
+amatol
+amatols
+amatory
+amaze
+amazed
+amazedly
+amazes
+amazing
+amazon
+amazons
+ambage
+ambages
+ambari
+ambaries
+ambaris
+ambary
+ambeer
+ambeers
+amber
+amberies
+amberina
+amberoid
+ambers
+ambery
+ambiance
+ambience
+ambient
+ambients
+ambit
+ambition
+ambits
+ambivert
+amble
+ambled
+ambler
+amblers
+ambles
+ambling
+ambo
+amboina
+amboinas
+ambones
+ambos
+amboyna
+amboynas
+ambries
+ambroid
+ambroids
+ambrosia
+ambry
+ambsace
+ambsaces
+ambulant
+ambulate
+ambush
+ambushed
+ambusher
+ambushes
+ameba
+amebae
+ameban
+amebas
+amebean
+amebic
+ameboid
+ameer
+ameerate
+ameers
+amelcorn
+amen
+amenable
+amenably
+amend
+amended
+amender
+amenders
+amending
+amends
+amenity
+amens
+ament
+amentia
+amentias
+aments
+amerce
+amerced
+amercer
+amercers
+amerces
+amercing
+amesace
+amesaces
+amethyst
+ami
+amia
+amiable
+amiably
+amiantus
+amias
+amicable
+amicably
+amice
+amices
+amici
+amicus
+amid
+amidase
+amidases
+amide
+amides
+amidic
+amidin
+amidine
+amidines
+amidins
+amido
+amidogen
+amidol
+amidols
+amidone
+amidones
+amids
+amidship
+amidst
+amie
+amies
+amiga
+amigas
+amigo
+amigos
+amin
+amine
+amines
+aminic
+aminity
+amino
+amins
+amir
+amirate
+amirates
+amirs
+amis
+amiss
+amities
+amitoses
+amitosis
+amitotic
+amitrole
+amity
+ammeter
+ammeters
+ammine
+ammines
+ammino
+ammo
+ammocete
+ammonal
+ammonals
+ammonia
+ammoniac
+ammonias
+ammonic
+ammonify
+ammonite
+ammonium
+ammono
+ammonoid
+ammos
+amnesia
+amnesiac
+amnesias
+amnesic
+amnesics
+amnestic
+amnesty
+amnia
+amnic
+amnion
+amnionic
+amnions
+amniote
+amniotes
+amniotic
+amoeba
+amoebae
+amoeban
+amoebas
+amoebean
+amoebic
+amoeboid
+amok
+amoks
+amole
+amoles
+among
+amongst
+amoral
+amorally
+amoretti
+amoretto
+amorini
+amorino
+amorist
+amorists
+amoroso
+amorous
+amort
+amortise
+amortize
+amosite
+amosites
+amotion
+amotions
+amount
+amounted
+amounts
+amour
+amours
+amp
+amperage
+ampere
+amperes
+amphibia
+amphioxi
+amphipod
+amphora
+amphorae
+amphoral
+amphoras
+ample
+ampler
+amplest
+amplexus
+amplify
+amply
+ampoule
+ampoules
+amps
+ampul
+ampule
+ampules
+ampulla
+ampullae
+ampullar
+ampuls
+amputate
+amputee
+amputees
+amreeta
+amreetas
+amrita
+amritas
+amtrac
+amtrack
+amtracks
+amtracs
+amu
+amuck
+amucks
+amulet
+amulets
+amus
+amusable
+amuse
+amused
+amusedly
+amuser
+amusers
+amuses
+amusia
+amusias
+amusing
+amusive
+amygdala
+amygdale
+amygdule
+amyl
+amylase
+amylases
+amylene
+amylenes
+amylic
+amylogen
+amyloid
+amyloids
+amylose
+amyloses
+amyls
+amylum
+amylums
+an
+ana
+anabaena
+anabas
+anabases
+anabasis
+anabatic
+anableps
+anabolic
+anaconda
+anadem
+anadems
+anaemia
+anaemias
+anaemic
+anaerobe
+anaglyph
+anagoge
+anagoges
+anagogic
+anagogy
+anagram
+anagrams
+anal
+analcime
+analcite
+analecta
+analects
+analemma
+analgia
+analgias
+anality
+anally
+analog
+analogic
+analogs
+analogue
+analogy
+analyse
+analysed
+analyser
+analyses
+analysis
+analyst
+analysts
+analytic
+analyze
+analyzed
+analyzer
+analyzes
+ananke
+anankes
+anapaest
+anapest
+anapests
+anaphase
+anaphor
+anaphora
+anaphors
+anarch
+anarchic
+anarchs
+anarchy
+anas
+anasarca
+anatase
+anatases
+anathema
+anatomic
+anatomy
+anatoxin
+anatto
+anattos
+ancestor
+ancestry
+anchor
+anchored
+anchoret
+anchors
+anchovy
+anchusa
+anchusas
+anchusin
+ancient
+ancients
+ancilla
+ancillae
+ancillas
+ancon
+anconal
+ancone
+anconeal
+ancones
+anconoid
+ancress
+and
+andante
+andantes
+andesite
+andesyte
+andiron
+andirons
+androgen
+android
+androids
+ands
+ane
+anear
+aneared
+anearing
+anears
+anecdota
+anecdote
+anechoic
+anele
+aneled
+aneles
+aneling
+anemia
+anemias
+anemic
+anemone
+anemones
+anemoses
+anemosis
+anenst
+anent
+anergia
+anergias
+anergic
+anergies
+anergy
+aneroid
+aneroids
+anes
+anestri
+anestrus
+anethol
+anethole
+anethols
+aneurin
+aneurins
+aneurism
+aneurysm
+anew
+anga
+angakok
+angakoks
+angaria
+angarias
+angaries
+angary
+angas
+angel
+angeled
+angelic
+angelica
+angeling
+angels
+angelus
+anger
+angered
+angering
+angerly
+angers
+angina
+anginal
+anginas
+anginose
+anginous
+angioma
+angiomas
+angle
+angled
+anglepod
+angler
+anglers
+angles
+anglice
+angling
+anglings
+angora
+angoras
+angrier
+angriest
+angrily
+angry
+angst
+angstrom
+angsts
+anguine
+anguish
+angular
+angulate
+angulose
+angulous
+anhinga
+anhingas
+ani
+anil
+anile
+anilin
+aniline
+anilines
+anilins
+anility
+anils
+anima
+animal
+animalic
+animally
+animals
+animas
+animate
+animated
+animater
+animates
+animato
+animator
+anime
+animes
+animi
+animis
+animism
+animisms
+animist
+animists
+animus
+animuses
+anion
+anionic
+anions
+anis
+anise
+aniseed
+aniseeds
+anises
+anisette
+anisic
+anisole
+anisoles
+ankerite
+ankh
+ankhs
+ankle
+ankled
+ankles
+anklet
+anklets
+ankling
+ankus
+ankuses
+ankush
+ankushes
+ankylose
+anlace
+anlaces
+anlage
+anlagen
+anlages
+anlas
+anlases
+anna
+annal
+annalist
+annals
+annas
+annates
+annatto
+annattos
+anneal
+annealed
+annealer
+anneals
+annelid
+annelids
+annex
+annexe
+annexed
+annexes
+annexing
+annotate
+announce
+annoy
+annoyed
+annoyer
+annoyers
+annoying
+annoys
+annual
+annually
+annuals
+annuity
+annul
+annular
+annulate
+annulet
+annulets
+annuli
+annulled
+annulose
+annuls
+annulus
+anoa
+anoas
+anodal
+anodally
+anode
+anodes
+anodic
+anodize
+anodized
+anodizes
+anodyne
+anodynes
+anodynic
+anoint
+anointed
+anointer
+anoints
+anole
+anoles
+anolyte
+anolytes
+anomaly
+anomic
+anomie
+anomies
+anomy
+anon
+anonym
+anonyms
+anoopsia
+anopia
+anopias
+anopsia
+anopsias
+anorak
+anoraks
+anoretic
+anorexia
+anorexic
+anorexy
+anorthic
+anosmia
+anosmias
+anosmic
+another
+anovular
+anoxemia
+anoxemic
+anoxia
+anoxias
+anoxic
+ansa
+ansae
+ansate
+ansated
+anserine
+anserous
+answer
+answered
+answerer
+answers
+ant
+anta
+antacid
+antacids
+antae
+antalgic
+antas
+antbear
+antbears
+ante
+anteater
+antecede
+anted
+antedate
+anteed
+antefix
+antefixa
+anteing
+antelope
+antenna
+antennae
+antennal
+antennas
+antepast
+anterior
+anteroom
+antes
+antetype
+antevert
+anthelia
+anthelix
+anthem
+anthemed
+anthemia
+anthems
+anther
+antheral
+antherid
+anthers
+antheses
+anthesis
+anthill
+anthills
+anthodia
+anthoid
+anthrax
+anti
+antiair
+antiar
+antiarin
+antiars
+antiatom
+antibias
+antibody
+antiboss
+antibug
+antic
+anticar
+anticity
+antick
+anticked
+anticks
+anticly
+anticold
+antics
+anticult
+antidora
+antidote
+antidrug
+antifat
+antiflu
+antifoam
+antifur
+antigay
+antigen
+antigene
+antigens
+antigun
+antihero
+antijam
+antiking
+antileak
+antileft
+antilife
+antilock
+antilog
+antilogs
+antilogy
+antimale
+antiman
+antimask
+antimere
+antimony
+anting
+antings
+antinode
+antinomy
+antinuke
+antiphon
+antipill
+antipode
+antipole
+antipope
+antiporn
+antipot
+antipyic
+antique
+antiqued
+antiquer
+antiques
+antirape
+antired
+antiriot
+antirock
+antiroll
+antirust
+antis
+antisag
+antisera
+antisex
+antiship
+antiskid
+antislip
+antismog
+antismut
+antisnob
+antistat
+antitank
+antitax
+antitype
+antiwar
+antiwear
+antiweed
+antler
+antlered
+antlers
+antlike
+antlion
+antlions
+antonym
+antonyms
+antonymy
+antra
+antral
+antre
+antres
+antrorse
+antrum
+antrums
+ants
+antsier
+antsiest
+antsy
+anural
+anuran
+anurans
+anureses
+anuresis
+anuretic
+anuria
+anurias
+anuric
+anurous
+anus
+anuses
+anvil
+anviled
+anviling
+anvilled
+anvils
+anviltop
+anxiety
+anxious
+any
+anybody
+anyhow
+anymore
+anyone
+anyplace
+anything
+anytime
+anyway
+anyways
+anywhere
+anywise
+aorist
+aoristic
+aorists
+aorta
+aortae
+aortal
+aortas
+aortic
+aoudad
+aoudads
+apace
+apache
+apaches
+apagoge
+apagoges
+apagogic
+apanage
+apanages
+aparejo
+aparejos
+apart
+apatetic
+apathies
+apathy
+apatite
+apatites
+ape
+apeak
+aped
+apeek
+apelike
+aper
+apercu
+apercus
+aperient
+aperies
+aperitif
+apers
+aperture
+apery
+apes
+apetaly
+apex
+apexes
+aphagia
+aphagias
+aphanite
+aphasia
+aphasiac
+aphasias
+aphasic
+aphasics
+aphelia
+aphelian
+aphelion
+apheses
+aphesis
+aphetic
+aphid
+aphides
+aphidian
+aphids
+aphis
+apholate
+aphonia
+aphonias
+aphonic
+aphonics
+aphorise
+aphorism
+aphorist
+aphorize
+aphotic
+aphtha
+aphthae
+aphthous
+aphylly
+apian
+apiarian
+apiaries
+apiarist
+apiary
+apical
+apically
+apicals
+apices
+apiculi
+apiculus
+apiece
+apimania
+aping
+apiology
+apish
+apishly
+aplasia
+aplasias
+aplastic
+aplenty
+aplite
+aplites
+aplitic
+aplomb
+aplombs
+apnea
+apneal
+apneas
+apneic
+apnoea
+apnoeal
+apnoeas
+apnoeic
+apoapsis
+apocarp
+apocarps
+apocarpy
+apocope
+apocopes
+apocopic
+apocrine
+apod
+apodal
+apodoses
+apodosis
+apodous
+apods
+apogamic
+apogamy
+apogeal
+apogean
+apogee
+apogees
+apogeic
+apollo
+apollos
+apolog
+apologal
+apologia
+apologs
+apologue
+apology
+apolune
+apolunes
+apomict
+apomicts
+apomixes
+apomixis
+apophony
+apophyge
+apoplexy
+aport
+apospory
+apostacy
+apostasy
+apostate
+apostil
+apostils
+apostle
+apostles
+apothece
+apothegm
+apothem
+apothems
+appal
+appall
+appalled
+appalls
+appals
+appanage
+apparat
+apparats
+apparel
+apparels
+apparent
+appeal
+appealed
+appealer
+appeals
+appear
+appeared
+appears
+appease
+appeased
+appeaser
+appeases
+appel
+appellee
+appellor
+appels
+append
+appended
+appendix
+appends
+appestat
+appetent
+appetite
+applaud
+applauds
+applause
+apple
+apples
+applied
+applier
+appliers
+applies
+applique
+apply
+applying
+appoint
+appoints
+appose
+apposed
+apposer
+apposers
+apposes
+apposing
+apposite
+appraise
+apprise
+apprised
+appriser
+apprises
+apprize
+apprized
+apprizer
+apprizes
+approach
+approval
+approve
+approved
+approver
+approves
+appulse
+appulses
+apractic
+apraxia
+apraxias
+apraxic
+apres
+apricot
+apricots
+apron
+aproned
+aproning
+aprons
+apropos
+aprotic
+apse
+apses
+apsidal
+apsides
+apsis
+apt
+apter
+apteral
+apteria
+apterium
+apterous
+apteryx
+aptest
+aptitude
+aptly
+aptness
+apyrase
+apyrases
+apyretic
+aqua
+aquacade
+aquae
+aquanaut
+aquaria
+aquarial
+aquarian
+aquarist
+aquarium
+aquas
+aquatic
+aquatics
+aquatint
+aquatone
+aquavit
+aquavits
+aqueduct
+aqueous
+aquifer
+aquifers
+aquiline
+aquiver
+ar
+arabesk
+arabesks
+arabic
+arabica
+arabicas
+arabize
+arabized
+arabizes
+arable
+arables
+araceous
+arachnid
+arak
+araks
+aramid
+aramids
+araneid
+araneids
+arapaima
+araroba
+ararobas
+arb
+arbalest
+arbalist
+arbelest
+arbiter
+arbiters
+arbitral
+arbor
+arboreal
+arbored
+arbores
+arboreta
+arborist
+arborize
+arborous
+arbors
+arbour
+arboured
+arbours
+arbs
+arbuscle
+arbute
+arbutean
+arbutes
+arbutus
+arc
+arcade
+arcaded
+arcades
+arcadia
+arcadian
+arcadias
+arcading
+arcana
+arcane
+arcanum
+arcanums
+arcature
+arced
+arch
+archaic
+archaise
+archaism
+archaist
+archaize
+archduke
+arched
+archer
+archers
+archery
+arches
+archil
+archils
+archine
+archines
+arching
+archings
+archival
+archive
+archived
+archives
+archly
+archness
+archon
+archons
+archway
+archways
+arciform
+arcing
+arcked
+arcking
+arco
+arcs
+arcsine
+arcsines
+arctic
+arctics
+arcuate
+arcuated
+arcus
+arcuses
+ardeb
+ardebs
+ardency
+ardent
+ardently
+ardor
+ardors
+ardour
+ardours
+arduous
+are
+area
+areae
+areal
+areally
+areas
+areaway
+areaways
+areca
+arecas
+areic
+arena
+arenas
+arenite
+arenites
+arenose
+arenous
+areola
+areolae
+areolar
+areolas
+areolate
+areole
+areoles
+areology
+ares
+arete
+aretes
+arethusa
+arf
+arfs
+argal
+argala
+argalas
+argali
+argalis
+argals
+argent
+argental
+argentic
+argents
+argentum
+argil
+argils
+arginase
+arginine
+argle
+argled
+argles
+argling
+argol
+argols
+argon
+argonaut
+argons
+argosies
+argosy
+argot
+argotic
+argots
+arguable
+arguably
+argue
+argued
+arguer
+arguers
+argues
+argufied
+argufier
+argufies
+argufy
+arguing
+argument
+argus
+arguses
+argyle
+argyles
+argyll
+argylls
+arhat
+arhats
+aria
+arias
+arid
+arider
+aridest
+aridity
+aridly
+aridness
+ariel
+ariels
+arietta
+ariettas
+ariette
+ariettes
+aright
+aril
+ariled
+arillate
+arillode
+arilloid
+arils
+ariose
+ariosi
+arioso
+ariosos
+arise
+arisen
+arises
+arising
+arista
+aristae
+aristas
+aristate
+aristo
+aristos
+ark
+arkose
+arkoses
+arkosic
+arks
+arles
+arm
+armada
+armadas
+armagnac
+armament
+armature
+armband
+armbands
+armchair
+armed
+armer
+armers
+armet
+armets
+armful
+armfuls
+armhole
+armholes
+armies
+armiger
+armigero
+armigers
+armilla
+armillae
+armillas
+arming
+armings
+armless
+armlet
+armlets
+armlike
+armload
+armloads
+armlock
+armlocks
+armoire
+armoires
+armonica
+armor
+armored
+armorer
+armorers
+armorial
+armories
+armoring
+armors
+armory
+armour
+armoured
+armourer
+armours
+armoury
+armpit
+armpits
+armrest
+armrests
+arms
+armsful
+armure
+armures
+army
+armyworm
+arnatto
+arnattos
+arnica
+arnicas
+arnotto
+arnottos
+aroid
+aroids
+aroint
+arointed
+aroints
+aroma
+aromas
+aromatic
+arose
+around
+arousal
+arousals
+arouse
+aroused
+arouser
+arousers
+arouses
+arousing
+aroynt
+aroynted
+aroynts
+arpeggio
+arpen
+arpens
+arpent
+arpents
+arquebus
+arrack
+arracks
+arraign
+arraigns
+arrange
+arranged
+arranger
+arranges
+arrant
+arrantly
+arras
+arrased
+array
+arrayal
+arrayals
+arrayed
+arrayer
+arrayers
+arraying
+arrays
+arrear
+arrears
+arrest
+arrested
+arrestee
+arrester
+arrestor
+arrests
+arrhizal
+arris
+arrises
+arrival
+arrivals
+arrive
+arrived
+arriver
+arrivers
+arrives
+arriving
+arroba
+arrobas
+arrogant
+arrogate
+arrow
+arrowed
+arrowing
+arrows
+arrowy
+arroyo
+arroyos
+ars
+arse
+arsenal
+arsenals
+arsenate
+arsenic
+arsenics
+arsenide
+arsenite
+arseno
+arsenous
+arses
+arshin
+arshins
+arsine
+arsines
+arsino
+arsis
+arson
+arsonist
+arsonous
+arsons
+art
+artal
+artefact
+artel
+artels
+arterial
+arteries
+artery
+artful
+artfully
+article
+articled
+articles
+artier
+artiest
+artifact
+artifice
+artily
+artiness
+artisan
+artisans
+artist
+artiste
+artistes
+artistic
+artistry
+artists
+artless
+arts
+artsier
+artsiest
+artsy
+artwork
+artworks
+arty
+arugola
+arugolas
+arugula
+arugulas
+arum
+arums
+aruspex
+arval
+arvo
+arvos
+aryl
+aryls
+arythmia
+arythmic
+as
+asana
+asanas
+asarum
+asarums
+asbestic
+asbestos
+asbestus
+ascarid
+ascarids
+ascaris
+ascend
+ascended
+ascender
+ascends
+ascent
+ascents
+asceses
+ascesis
+ascetic
+ascetics
+asci
+ascidia
+ascidian
+ascidium
+ascites
+ascitic
+ascocarp
+ascorbic
+ascot
+ascots
+ascribe
+ascribed
+ascribes
+ascus
+asdic
+asdics
+asea
+asepses
+asepsis
+aseptic
+asexual
+ash
+ashamed
+ashcan
+ashcans
+ashed
+ashen
+ashes
+ashfall
+ashfalls
+ashier
+ashiest
+ashiness
+ashing
+ashlar
+ashlared
+ashlars
+ashler
+ashlered
+ashlers
+ashless
+ashman
+ashmen
+ashore
+ashplant
+ashram
+ashrams
+ashtray
+ashtrays
+ashy
+aside
+asides
+asinine
+ask
+askance
+askant
+asked
+asker
+askers
+askeses
+askesis
+askew
+asking
+askings
+askoi
+askos
+asks
+aslant
+asleep
+aslope
+asocial
+asp
+asparkle
+aspect
+aspects
+aspen
+aspens
+asper
+asperate
+asperges
+asperity
+aspers
+asperse
+aspersed
+asperser
+asperses
+aspersor
+asphalt
+asphalts
+aspheric
+asphodel
+asphyxia
+asphyxy
+aspic
+aspics
+aspirant
+aspirata
+aspirate
+aspire
+aspired
+aspirer
+aspirers
+aspires
+aspirin
+aspiring
+aspirins
+aspis
+aspises
+aspish
+asps
+asquint
+asrama
+asramas
+ass
+assagai
+assagais
+assai
+assail
+assailed
+assailer
+assails
+assais
+assassin
+assault
+assaults
+assay
+assayed
+assayer
+assayers
+assaying
+assays
+assegai
+assegais
+assemble
+assembly
+assent
+assented
+assenter
+assentor
+assents
+assert
+asserted
+asserter
+assertor
+asserts
+asses
+assess
+assessed
+assesses
+assessor
+asset
+assets
+asshole
+assholes
+assign
+assignat
+assigned
+assignee
+assigner
+assignor
+assigns
+assist
+assisted
+assister
+assistor
+assists
+assize
+assizes
+asslike
+assoil
+assoiled
+assoils
+assonant
+assort
+assorted
+assorter
+assorts
+assuage
+assuaged
+assuages
+assume
+assumed
+assumer
+assumers
+assumes
+assuming
+assure
+assured
+assureds
+assurer
+assurers
+assures
+assuring
+assuror
+assurors
+asswage
+asswaged
+asswages
+astasia
+astasias
+astatic
+astatine
+aster
+asteria
+asterias
+asterisk
+asterism
+astern
+asternal
+asteroid
+asters
+asthenia
+asthenic
+astheny
+asthma
+asthmas
+astigmia
+astilbe
+astilbes
+astir
+astomous
+astonied
+astonies
+astonish
+astony
+astound
+astounds
+astragal
+astral
+astrally
+astrals
+astray
+astrict
+astricts
+astride
+astringe
+astute
+astutely
+astylar
+asunder
+aswarm
+aswirl
+aswoon
+asyla
+asylum
+asylums
+asyndeta
+at
+atabal
+atabals
+atactic
+ataghan
+ataghans
+atalaya
+atalayas
+ataman
+atamans
+atamasco
+atap
+ataps
+ataraxia
+ataraxic
+ataraxy
+atavic
+atavism
+atavisms
+atavist
+atavists
+ataxia
+ataxias
+ataxic
+ataxics
+ataxies
+ataxy
+ate
+atechnic
+atelic
+atelier
+ateliers
+atemoya
+atemoyas
+ates
+athanasy
+atheism
+atheisms
+atheist
+atheists
+atheling
+atheneum
+atheroma
+athetoid
+athirst
+athlete
+athletes
+athletic
+athodyd
+athodyds
+athwart
+atilt
+atingle
+atlantes
+atlas
+atlases
+atlatl
+atlatls
+atma
+atman
+atmans
+atmas
+atoll
+atolls
+atom
+atomic
+atomical
+atomics
+atomies
+atomise
+atomised
+atomiser
+atomises
+atomism
+atomisms
+atomist
+atomists
+atomize
+atomized
+atomizer
+atomizes
+atoms
+atomy
+atonable
+atonal
+atonally
+atone
+atoned
+atoner
+atoners
+atones
+atonic
+atonics
+atonies
+atoning
+atony
+atop
+atopic
+atopies
+atopy
+atrazine
+atremble
+atresia
+atresias
+atria
+atrial
+atrip
+atrium
+atriums
+atrocity
+atrophia
+atrophic
+atrophy
+atropin
+atropine
+atropins
+atropism
+att
+attaboy
+attach
+attache
+attached
+attacher
+attaches
+attack
+attacked
+attacker
+attacks
+attain
+attained
+attainer
+attains
+attaint
+attaints
+attar
+attars
+attemper
+attempt
+attempts
+attend
+attended
+attendee
+attender
+attends
+attent
+attest
+attested
+attester
+attestor
+attests
+attic
+atticism
+atticist
+attics
+attire
+attired
+attires
+attiring
+attitude
+attorn
+attorned
+attorney
+attorns
+attract
+attracts
+attrite
+attrited
+attune
+attuned
+attunes
+attuning
+atwain
+atween
+atwitter
+atypic
+atypical
+aubade
+aubades
+auberge
+auberges
+aubretia
+aubrieta
+auburn
+auburns
+auction
+auctions
+aucuba
+aucubas
+audacity
+audad
+audads
+audial
+audible
+audibles
+audibly
+audience
+audient
+audients
+audile
+audiles
+auding
+audings
+audio
+audios
+audit
+audited
+auditing
+audition
+auditive
+auditor
+auditors
+auditory
+audits
+augend
+augends
+auger
+augers
+aught
+aughts
+augite
+augites
+augitic
+augment
+augments
+augur
+augural
+augured
+augurer
+augurers
+auguries
+auguring
+augurs
+augury
+august
+auguster
+augustly
+auk
+auklet
+auklets
+auks
+auld
+aulder
+auldest
+aulic
+aunt
+aunthood
+auntie
+aunties
+auntlier
+auntlike
+auntly
+aunts
+aunty
+aura
+aurae
+aural
+aurally
+aurar
+auras
+aurate
+aurated
+aureate
+aurei
+aureola
+aureolae
+aureolas
+aureole
+aureoled
+aureoles
+aures
+aureus
+auric
+auricle
+auricled
+auricles
+auricula
+auriform
+auris
+aurist
+aurists
+aurochs
+aurora
+aurorae
+auroral
+auroras
+aurorean
+aurous
+aurum
+aurums
+ausform
+ausforms
+auspex
+auspice
+auspices
+austere
+austerer
+austral
+australs
+ausubo
+ausubos
+autacoid
+autarchy
+autarkic
+autarky
+autecism
+auteur
+auteurs
+author
+authored
+authors
+autism
+autisms
+autistic
+auto
+autobahn
+autobus
+autocade
+autocoid
+autocrat
+autodyne
+autoed
+autogamy
+autogeny
+autogiro
+autogyro
+autoing
+autolyse
+autolyze
+automan
+automata
+automate
+automen
+autonomy
+autopsic
+autopsy
+autos
+autosome
+autotomy
+autotype
+autotypy
+autumn
+autumnal
+autumns
+autunite
+auxeses
+auxesis
+auxetic
+auxetics
+auxin
+auxinic
+auxins
+ava
+avadavat
+avail
+availed
+availing
+avails
+avant
+avarice
+avarices
+avast
+avatar
+avatars
+avaunt
+ave
+avellan
+avellane
+avenge
+avenged
+avenger
+avengers
+avenges
+avenging
+avens
+avenses
+aventail
+avenue
+avenues
+aver
+average
+averaged
+averages
+averment
+averred
+averring
+avers
+averse
+aversely
+aversion
+aversive
+avert
+averted
+averting
+averts
+aves
+avgas
+avgases
+avgasses
+avian
+avianize
+avians
+aviaries
+aviarist
+aviary
+aviate
+aviated
+aviates
+aviating
+aviation
+aviator
+aviators
+aviatrix
+avicular
+avid
+avidin
+avidins
+avidity
+avidly
+avidness
+avifauna
+avigator
+avion
+avionic
+avionics
+avions
+aviso
+avisos
+avo
+avocado
+avocados
+avocet
+avocets
+avodire
+avodires
+avoid
+avoided
+avoider
+avoiders
+avoiding
+avoids
+avos
+avoset
+avosets
+avouch
+avouched
+avoucher
+avouches
+avow
+avowable
+avowably
+avowal
+avowals
+avowed
+avowedly
+avower
+avowers
+avowing
+avows
+avulse
+avulsed
+avulses
+avulsing
+avulsion
+aw
+awa
+await
+awaited
+awaiter
+awaiters
+awaiting
+awaits
+awake
+awaked
+awaken
+awakened
+awakener
+awakens
+awakes
+awaking
+award
+awarded
+awardee
+awardees
+awarder
+awarders
+awarding
+awards
+aware
+awash
+away
+awayness
+awe
+aweary
+aweather
+awed
+awee
+aweigh
+aweing
+aweless
+awes
+awesome
+awful
+awfuller
+awfully
+awhile
+awhirl
+awing
+awkward
+awl
+awless
+awls
+awlwort
+awlworts
+awmous
+awn
+awned
+awning
+awninged
+awnings
+awnless
+awns
+awny
+awoke
+awoken
+awol
+awols
+awry
+ax
+axal
+axe
+axed
+axel
+axels
+axeman
+axemen
+axenic
+axes
+axial
+axiality
+axially
+axil
+axile
+axilla
+axillae
+axillar
+axillars
+axillary
+axillas
+axils
+axing
+axiology
+axiom
+axioms
+axion
+axions
+axis
+axised
+axises
+axite
+axites
+axle
+axled
+axles
+axletree
+axlike
+axman
+axmen
+axolotl
+axolotls
+axon
+axonal
+axone
+axonemal
+axoneme
+axonemes
+axones
+axonic
+axons
+axoplasm
+axseed
+axseeds
+ay
+ayah
+ayahs
+aye
+ayes
+ayin
+ayins
+ays
+ayurveda
+azalea
+azaleas
+azan
+azans
+azide
+azides
+azido
+azimuth
+azimuths
+azine
+azines
+azlon
+azlons
+azo
+azoic
+azole
+azoles
+azon
+azonal
+azonic
+azons
+azote
+azoted
+azotemia
+azotemic
+azotes
+azoth
+azoths
+azotic
+azotise
+azotised
+azotises
+azotize
+azotized
+azotizes
+azoturia
+azure
+azures
+azurite
+azurites
+azygos
+azygoses
+azygous
+ba
+baa
+baaed
+baaing
+baal
+baalim
+baalism
+baalisms
+baals
+baas
+baases
+baaskaap
+baba
+babas
+babassu
+babassus
+babbitt
+babbitts
+babble
+babbled
+babbler
+babblers
+babbles
+babbling
+babe
+babel
+babels
+babes
+babesia
+babesias
+babiche
+babiches
+babied
+babies
+babirusa
+babka
+babkas
+baboo
+babool
+babools
+baboon
+baboons
+baboos
+babu
+babul
+babuls
+babus
+babushka
+baby
+babyhood
+babying
+babyish
+bacalao
+bacalaos
+bacca
+baccae
+baccara
+baccaras
+baccarat
+baccate
+baccated
+bacchant
+bacchic
+bacchii
+bacchius
+bach
+bached
+bachelor
+baches
+baching
+bacillar
+bacilli
+bacillus
+back
+backache
+backbeat
+backbend
+backbit
+backbite
+backbone
+backcast
+backchat
+backdate
+backdoor
+backdrop
+backed
+backer
+backers
+backfill
+backfire
+backfit
+backfits
+backflow
+backhand
+backhaul
+backhoe
+backhoes
+backing
+backings
+backland
+backlash
+backless
+backlist
+backlit
+backlog
+backlogs
+backmost
+backout
+backouts
+backpack
+backrest
+backroom
+backrush
+backs
+backsaw
+backsaws
+backseat
+backset
+backsets
+backside
+backslap
+backslid
+backspin
+backstab
+backstay
+backstop
+backup
+backups
+backward
+backwash
+backwood
+backwrap
+backyard
+bacon
+bacons
+bacteria
+bacterin
+bacula
+baculine
+baculum
+baculums
+bad
+badass
+badassed
+badasses
+badder
+baddest
+baddie
+baddies
+baddy
+bade
+badge
+badged
+badger
+badgered
+badgerly
+badgers
+badges
+badging
+badinage
+badland
+badlands
+badly
+badman
+badmen
+badmouth
+badness
+bads
+baff
+baffed
+baffies
+baffing
+baffle
+baffled
+baffler
+bafflers
+baffles
+baffling
+baffs
+baffy
+bag
+bagass
+bagasse
+bagasses
+bagel
+bagels
+bagful
+bagfuls
+baggage
+baggages
+bagged
+bagger
+baggers
+baggie
+baggier
+baggies
+baggiest
+baggily
+bagging
+baggings
+baggy
+baghouse
+bagman
+bagmen
+bagnio
+bagnios
+bagpipe
+bagpiper
+bagpipes
+bags
+bagsful
+baguet
+baguets
+baguette
+bagwig
+bagwigs
+bagworm
+bagworms
+bah
+bahadur
+bahadurs
+baht
+bahts
+baidarka
+bail
+bailable
+bailed
+bailee
+bailees
+bailer
+bailers
+bailey
+baileys
+bailie
+bailies
+bailiff
+bailiffs
+bailing
+bailment
+bailor
+bailors
+bailout
+bailouts
+bails
+bailsman
+bailsmen
+bairn
+bairnish
+bairnly
+bairns
+bait
+baited
+baiter
+baiters
+baith
+baiting
+baits
+baiza
+baizas
+baize
+baizes
+bake
+baked
+bakemeat
+baker
+bakeries
+bakers
+bakery
+bakes
+bakeshop
+baking
+bakings
+baklava
+baklavas
+baklawa
+baklawas
+bakshish
+bal
+balance
+balanced
+balancer
+balances
+balas
+balases
+balata
+balatas
+balboa
+balboas
+balcony
+bald
+balded
+balder
+baldest
+baldhead
+baldies
+balding
+baldish
+baldly
+baldness
+baldpate
+baldric
+baldrick
+baldrics
+balds
+baldy
+bale
+baled
+baleen
+baleens
+balefire
+baleful
+baler
+balers
+bales
+baling
+balisaur
+balk
+balked
+balker
+balkers
+balkier
+balkiest
+balkily
+balking
+balkline
+balks
+balky
+ball
+ballad
+ballade
+ballades
+balladic
+balladry
+ballads
+ballast
+ballasts
+balled
+baller
+ballers
+ballet
+balletic
+ballets
+ballgame
+ballhawk
+ballies
+balling
+ballista
+ballon
+ballonet
+ballonne
+ballons
+balloon
+balloons
+ballot
+balloted
+balloter
+ballots
+ballpark
+ballroom
+balls
+ballsier
+ballsy
+ballute
+ballutes
+bally
+ballyhoo
+ballyrag
+balm
+balmier
+balmiest
+balmily
+balmlike
+balmoral
+balms
+balmy
+balneal
+baloney
+baloneys
+bals
+balsa
+balsam
+balsamed
+balsamic
+balsams
+balsas
+baluster
+bam
+bambini
+bambino
+bambinos
+bamboo
+bamboos
+bammed
+bamming
+bams
+ban
+banal
+banality
+banalize
+banally
+banana
+bananas
+banausic
+banco
+bancos
+band
+bandage
+bandaged
+bandager
+bandages
+bandana
+bandanas
+bandanna
+bandbox
+bandeau
+bandeaus
+bandeaux
+banded
+bander
+banderol
+banders
+bandied
+bandies
+banding
+bandit
+banditry
+bandits
+banditti
+bandog
+bandogs
+bandora
+bandoras
+bandore
+bandores
+bands
+bandsman
+bandsmen
+bandy
+bandying
+bane
+baned
+baneful
+banes
+bang
+banged
+banger
+bangers
+banging
+bangkok
+bangkoks
+bangle
+bangles
+bangs
+bangtail
+bani
+banian
+banians
+baning
+banish
+banished
+banisher
+banishes
+banister
+banjax
+banjaxed
+banjaxes
+banjo
+banjoes
+banjoist
+banjos
+bank
+bankable
+bankbook
+bankcard
+banked
+banker
+bankerly
+bankers
+banking
+bankings
+banknote
+bankroll
+bankrupt
+banks
+banksia
+banksias
+bankside
+banned
+banner
+bannered
+banneret
+bannerol
+banners
+bannet
+bannets
+banning
+bannock
+bannocks
+banns
+banquet
+banquets
+bans
+banshee
+banshees
+banshie
+banshies
+bantam
+bantams
+banteng
+bantengs
+banter
+bantered
+banterer
+banters
+banties
+bantling
+banty
+banyan
+banyans
+banzai
+banzais
+baobab
+baobabs
+bap
+baps
+baptise
+baptised
+baptises
+baptisia
+baptism
+baptisms
+baptist
+baptists
+baptize
+baptized
+baptizer
+baptizes
+bar
+barathea
+barb
+barbal
+barbaric
+barbasco
+barbate
+barbe
+barbecue
+barbed
+barbel
+barbell
+barbells
+barbels
+barbeque
+barber
+barbered
+barberry
+barbers
+barbes
+barbet
+barbets
+barbette
+barbican
+barbicel
+barbing
+barbital
+barbless
+barbs
+barbule
+barbules
+barbut
+barbuts
+barbwire
+barchan
+barchans
+bard
+barde
+barded
+bardes
+bardic
+barding
+bards
+bare
+bareback
+bareboat
+bared
+barefit
+barefoot
+barege
+bareges
+barehead
+barely
+bareness
+barer
+bares
+baresark
+barest
+barf
+barfed
+barfing
+barflies
+barfly
+barfs
+bargain
+bargains
+barge
+barged
+bargee
+bargees
+bargello
+bargeman
+bargemen
+barges
+barghest
+barging
+barguest
+barhop
+barhops
+baric
+barilla
+barillas
+baring
+barite
+barites
+baritone
+barium
+bariums
+bark
+barked
+barkeep
+barkeeps
+barker
+barkers
+barkier
+barkiest
+barking
+barkless
+barks
+barky
+barleduc
+barless
+barley
+barleys
+barlow
+barlows
+barm
+barmaid
+barmaids
+barman
+barmen
+barmie
+barmier
+barmiest
+barms
+barmy
+barn
+barnacle
+barnier
+barniest
+barnlike
+barns
+barny
+barnyard
+barogram
+baron
+baronage
+baroness
+baronet
+baronets
+barong
+barongs
+baronial
+baronies
+baronne
+baronnes
+barons
+barony
+baroque
+baroques
+barouche
+barque
+barques
+barrable
+barrack
+barracks
+barrage
+barraged
+barrages
+barranca
+barranco
+barrater
+barrator
+barratry
+barre
+barred
+barrel
+barreled
+barrels
+barren
+barrener
+barrenly
+barrens
+barres
+barret
+barretor
+barretry
+barrets
+barrette
+barrier
+barriers
+barring
+barrio
+barrios
+barroom
+barrooms
+barrow
+barrows
+bars
+barstool
+bartend
+bartends
+barter
+bartered
+barterer
+barters
+bartisan
+bartizan
+barware
+barwares
+barye
+baryes
+baryon
+baryonic
+baryons
+baryta
+barytas
+baryte
+barytes
+barytic
+barytone
+bas
+basal
+basally
+basalt
+basaltes
+basaltic
+basalts
+bascule
+bascules
+base
+baseball
+baseborn
+based
+baseless
+baseline
+basely
+baseman
+basemen
+basement
+baseness
+basenji
+basenjis
+baser
+bases
+basest
+bash
+bashaw
+bashaws
+bashed
+basher
+bashers
+bashes
+bashful
+bashing
+bashlyk
+bashlyks
+basic
+basicity
+basics
+basidia
+basidial
+basidium
+basified
+basifier
+basifies
+basify
+basil
+basilar
+basilary
+basilic
+basilica
+basilisk
+basils
+basin
+basinal
+basined
+basinet
+basinets
+basinful
+basing
+basins
+basion
+basions
+basis
+bask
+basked
+basket
+basketry
+baskets
+basking
+basks
+basmati
+basmatis
+basophil
+basque
+basques
+bass
+basses
+basset
+basseted
+bassets
+bassett
+bassetts
+bassi
+bassinet
+bassist
+bassists
+bassly
+bassness
+basso
+bassoon
+bassoons
+bassos
+basswood
+bassy
+bast
+bastard
+bastards
+bastardy
+baste
+basted
+baster
+basters
+bastes
+bastile
+bastiles
+bastille
+basting
+bastings
+bastion
+bastions
+basts
+bat
+batboy
+batboys
+batch
+batched
+batcher
+batchers
+batches
+batching
+bate
+bateau
+bateaux
+bated
+bates
+batfish
+batfowl
+batfowls
+bath
+bathe
+bathed
+bather
+bathers
+bathes
+bathetic
+bathing
+bathless
+bathmat
+bathmats
+bathos
+bathoses
+bathrobe
+bathroom
+baths
+bathtub
+bathtubs
+bathyal
+batik
+batiks
+bating
+batiste
+batistes
+batlike
+batman
+batmen
+baton
+batons
+bats
+batsman
+batsmen
+batt
+battalia
+batteau
+batteaux
+batted
+batten
+battened
+battener
+battens
+batter
+battered
+batterie
+batters
+battery
+battier
+battiest
+battik
+battiks
+batting
+battings
+battle
+battled
+battler
+battlers
+battles
+battling
+batts
+battu
+battue
+battues
+batty
+batwing
+baubee
+baubees
+bauble
+baubles
+baud
+baudekin
+baudrons
+bauds
+bauhinia
+baulk
+baulked
+baulkier
+baulking
+baulks
+baulky
+bausond
+bauxite
+bauxites
+bauxitic
+bawbee
+bawbees
+bawcock
+bawcocks
+bawd
+bawdier
+bawdies
+bawdiest
+bawdily
+bawdric
+bawdrics
+bawdries
+bawdry
+bawds
+bawdy
+bawl
+bawled
+bawler
+bawlers
+bawling
+bawls
+bawsunt
+bawtie
+bawties
+bawty
+bay
+bayadeer
+bayadere
+bayamo
+bayamos
+bayard
+bayards
+bayberry
+bayed
+baying
+bayman
+baymen
+bayonet
+bayonets
+bayou
+bayous
+bays
+baywood
+baywoods
+bazaar
+bazaars
+bazar
+bazars
+bazoo
+bazooka
+bazookas
+bazooms
+bazoos
+bdellium
+be
+beach
+beachboy
+beached
+beaches
+beachier
+beaching
+beachy
+beacon
+beaconed
+beacons
+bead
+beaded
+beadier
+beadiest
+beadily
+beading
+beadings
+beadle
+beadles
+beadlike
+beadman
+beadmen
+beadroll
+beads
+beadsman
+beadsmen
+beadwork
+beady
+beagle
+beagles
+beak
+beaked
+beaker
+beakers
+beakier
+beakiest
+beakless
+beaklike
+beaks
+beaky
+beam
+beamed
+beamier
+beamiest
+beamily
+beaming
+beamish
+beamless
+beamlike
+beams
+beamy
+bean
+beanbag
+beanbags
+beanball
+beaned
+beanery
+beanie
+beanies
+beaning
+beanlike
+beano
+beanos
+beanpole
+beans
+bear
+bearable
+bearably
+bearcat
+bearcats
+beard
+bearded
+bearding
+beards
+bearer
+bearers
+bearhug
+bearhugs
+bearing
+bearings
+bearish
+bearlike
+bears
+bearskin
+bearwood
+beast
+beastie
+beasties
+beastly
+beasts
+beat
+beatable
+beaten
+beater
+beaters
+beatific
+beatify
+beating
+beatings
+beatless
+beatnik
+beatniks
+beats
+beau
+beaucoup
+beauish
+beaus
+beaut
+beauties
+beautify
+beauts
+beauty
+beaux
+beaver
+beavered
+beavers
+bebeeru
+bebeerus
+beblood
+bebloods
+bebop
+bebopper
+bebops
+becalm
+becalmed
+becalms
+became
+becap
+becapped
+becaps
+becarpet
+because
+bechalk
+bechalks
+bechamel
+bechance
+becharm
+becharms
+beck
+becked
+becket
+beckets
+becking
+beckon
+beckoned
+beckoner
+beckons
+becks
+beclamor
+beclasp
+beclasps
+becloak
+becloaks
+beclog
+beclogs
+beclothe
+becloud
+beclouds
+beclown
+beclowns
+become
+becomes
+becoming
+becoward
+becrawl
+becrawls
+becrime
+becrimed
+becrimes
+becrowd
+becrowds
+becrust
+becrusts
+becudgel
+becurse
+becursed
+becurses
+becurst
+bed
+bedabble
+bedamn
+bedamned
+bedamns
+bedarken
+bedaub
+bedaubed
+bedaubs
+bedazzle
+bedbug
+bedbugs
+bedchair
+bedcover
+beddable
+bedded
+bedder
+bedders
+bedding
+beddings
+bedeafen
+bedeck
+bedecked
+bedecks
+bedel
+bedell
+bedells
+bedels
+bedeman
+bedemen
+bedesman
+bedesmen
+bedevil
+bedevils
+bedew
+bedewed
+bedewing
+bedews
+bedfast
+bedframe
+bedgown
+bedgowns
+bediaper
+bedight
+bedights
+bedim
+bedimmed
+bedimple
+bedims
+bedirty
+bedizen
+bedizens
+bedlam
+bedlamp
+bedlamps
+bedlams
+bedless
+bedlike
+bedmaker
+bedmate
+bedmates
+bedotted
+bedouin
+bedouins
+bedpan
+bedpans
+bedplate
+bedpost
+bedposts
+bedquilt
+bedrail
+bedrails
+bedrape
+bedraped
+bedrapes
+bedrench
+bedrid
+bedrivel
+bedrock
+bedrocks
+bedroll
+bedrolls
+bedroom
+bedrooms
+bedrug
+bedrugs
+beds
+bedsheet
+bedside
+bedsides
+bedsit
+bedsits
+bedsonia
+bedsore
+bedsores
+bedstand
+bedstead
+bedstraw
+bedtick
+bedticks
+bedtime
+bedtimes
+bedu
+beduin
+beduins
+bedumb
+bedumbed
+bedumbs
+bedunce
+bedunced
+bedunces
+bedward
+bedwards
+bedwarf
+bedwarfs
+bee
+beebee
+beebees
+beebread
+beech
+beechen
+beeches
+beechier
+beechnut
+beechy
+beef
+beefalo
+beefalos
+beefcake
+beefed
+beefier
+beefiest
+beefily
+beefing
+beefless
+beefs
+beefwood
+beefy
+beehive
+beehives
+beelike
+beeline
+beelined
+beelines
+been
+beep
+beeped
+beeper
+beepers
+beeping
+beeps
+beer
+beerier
+beeriest
+beers
+beery
+bees
+beeswax
+beeswing
+beet
+beetle
+beetled
+beetler
+beetlers
+beetles
+beetling
+beetroot
+beets
+beeves
+beeyard
+beeyards
+beezer
+beezers
+befall
+befallen
+befalls
+befell
+befinger
+befit
+befits
+befitted
+beflag
+beflags
+beflea
+befleaed
+befleas
+befleck
+beflecks
+beflower
+befog
+befogged
+befogs
+befool
+befooled
+befools
+before
+befoul
+befouled
+befouler
+befouls
+befret
+befrets
+befriend
+befringe
+befuddle
+beg
+begall
+begalled
+begalls
+began
+begat
+begaze
+begazed
+begazes
+begazing
+beget
+begets
+begetter
+beggar
+beggared
+beggarly
+beggars
+beggary
+begged
+begging
+begin
+beginner
+begins
+begird
+begirded
+begirdle
+begirds
+begirt
+beglad
+beglads
+beglamor
+begloom
+beglooms
+begone
+begonia
+begonias
+begorah
+begorra
+begorrah
+begot
+begotten
+begrim
+begrime
+begrimed
+begrimes
+begrims
+begroan
+begroans
+begrudge
+begs
+beguile
+beguiled
+beguiler
+beguiles
+beguine
+beguines
+begulf
+begulfed
+begulfs
+begum
+begums
+begun
+behalf
+behalves
+behave
+behaved
+behaver
+behavers
+behaves
+behaving
+behavior
+behead
+beheaded
+beheads
+beheld
+behemoth
+behest
+behests
+behind
+behinds
+behold
+beholden
+beholder
+beholds
+behoof
+behoove
+behooved
+behooves
+behove
+behoved
+behoves
+behoving
+behowl
+behowled
+behowls
+beige
+beiges
+beignet
+beignets
+beigy
+being
+beings
+bejabers
+bejeezus
+bejesus
+bejewel
+bejewels
+bejumble
+bekiss
+bekissed
+bekisses
+beknight
+beknot
+beknots
+bel
+belabor
+belabors
+belabour
+belaced
+beladied
+beladies
+belady
+belated
+belaud
+belauded
+belauds
+belay
+belayed
+belaying
+belays
+belch
+belched
+belcher
+belchers
+belches
+belching
+beldam
+beldame
+beldames
+beldams
+beleap
+beleaped
+beleaps
+beleapt
+belfried
+belfries
+belfry
+belga
+belgas
+belie
+belied
+belief
+beliefs
+belier
+beliers
+belies
+believe
+believed
+believer
+believes
+belike
+beliquor
+belittle
+belive
+bell
+bellbird
+bellboy
+bellboys
+belle
+belled
+belleek
+belleeks
+belles
+bellhop
+bellhops
+bellied
+bellies
+belling
+bellman
+bellmen
+bellow
+bellowed
+bellower
+bellows
+bellpull
+bells
+bellwort
+belly
+bellyful
+bellying
+belong
+belonged
+belongs
+beloved
+beloveds
+below
+belows
+bels
+belt
+belted
+belter
+belters
+belting
+beltings
+beltless
+beltline
+belts
+beltway
+beltways
+beluga
+belugas
+belying
+bema
+bemadam
+bemadams
+bemadden
+bemas
+bemata
+bemean
+bemeaned
+bemeans
+bemingle
+bemire
+bemired
+bemires
+bemiring
+bemist
+bemisted
+bemists
+bemix
+bemixed
+bemixes
+bemixing
+bemixt
+bemoan
+bemoaned
+bemoans
+bemock
+bemocked
+bemocks
+bemuddle
+bemurmur
+bemuse
+bemused
+bemuses
+bemusing
+bemuzzle
+ben
+bename
+benamed
+benames
+benaming
+bench
+benched
+bencher
+benchers
+benches
+benching
+bend
+bendable
+benday
+bendayed
+bendays
+bended
+bendee
+bendees
+bender
+benders
+bending
+bends
+bendways
+bendwise
+bendy
+bendys
+bene
+beneath
+benedick
+benedict
+benefic
+benefice
+benefit
+benefits
+benempt
+benes
+benign
+benignly
+benison
+benisons
+benjamin
+benne
+bennes
+bennet
+bennets
+benni
+bennies
+bennis
+benny
+benomyl
+benomyls
+bens
+bent
+benthal
+benthic
+benthos
+bents
+bentwood
+benumb
+benumbed
+benumbs
+benzal
+benzene
+benzenes
+benzidin
+benzin
+benzine
+benzines
+benzins
+benzoate
+benzoic
+benzoin
+benzoins
+benzol
+benzole
+benzoles
+benzols
+benzoyl
+benzoyls
+benzyl
+benzylic
+benzyls
+bepaint
+bepaints
+bepimple
+bequeath
+bequest
+bequests
+berake
+beraked
+berakes
+beraking
+berascal
+berate
+berated
+berates
+berating
+berberin
+berberis
+berceuse
+berdache
+bereave
+bereaved
+bereaver
+bereaves
+bereft
+beret
+berets
+beretta
+berettas
+berg
+bergamot
+bergere
+bergeres
+bergs
+berhyme
+berhymed
+berhymes
+beriberi
+berime
+berimed
+berimes
+beriming
+beringed
+berlin
+berline
+berlines
+berlins
+berm
+berme
+bermes
+berms
+bermudas
+bernicle
+berobed
+berouged
+berretta
+berried
+berries
+berry
+berrying
+berseem
+berseems
+berserk
+berserks
+berth
+bertha
+berthas
+berthed
+berthing
+berths
+beryl
+beryline
+beryls
+bescorch
+bescour
+bescours
+bescreen
+beseech
+beseem
+beseemed
+beseems
+beset
+besets
+besetter
+beshadow
+beshame
+beshamed
+beshames
+beshiver
+beshout
+beshouts
+beshrew
+beshrews
+beshroud
+beside
+besides
+besiege
+besieged
+besieger
+besieges
+beslaved
+beslime
+beslimed
+beslimes
+besmear
+besmears
+besmile
+besmiled
+besmiles
+besmirch
+besmoke
+besmoked
+besmokes
+besmooth
+besmudge
+besmut
+besmuts
+besnow
+besnowed
+besnows
+besom
+besoms
+besoothe
+besot
+besots
+besotted
+besought
+bespake
+bespeak
+bespeaks
+bespoke
+bespoken
+bespouse
+bespread
+besprent
+best
+bestead
+besteads
+bested
+bestial
+bestiary
+besting
+bestir
+bestirs
+bestow
+bestowal
+bestowed
+bestows
+bestrew
+bestrewn
+bestrews
+bestrid
+bestride
+bestrode
+bestrow
+bestrown
+bestrows
+bests
+bestud
+bestuds
+beswarm
+beswarms
+bet
+beta
+betaine
+betaines
+betake
+betaken
+betakes
+betaking
+betas
+betatron
+betatter
+betaxed
+betel
+betelnut
+betels
+beth
+bethank
+bethanks
+bethel
+bethels
+bethesda
+bethink
+bethinks
+bethorn
+bethorns
+beths
+bethump
+bethumps
+betide
+betided
+betides
+betiding
+betime
+betimes
+betise
+betises
+betoken
+betokens
+beton
+betonies
+betons
+betony
+betook
+betray
+betrayal
+betrayed
+betrayer
+betrays
+betroth
+betroths
+bets
+betta
+bettas
+betted
+better
+bettered
+betters
+betting
+bettor
+bettors
+between
+betwixt
+beuncled
+bevatron
+bevel
+beveled
+beveler
+bevelers
+beveling
+bevelled
+beveller
+bevels
+beverage
+bevies
+bevomit
+bevomits
+bevor
+bevors
+bevy
+bewail
+bewailed
+bewailer
+bewails
+beware
+bewared
+bewares
+bewaring
+beweary
+beweep
+beweeps
+bewept
+bewig
+bewigged
+bewigs
+bewilder
+bewinged
+bewitch
+beworm
+bewormed
+beworms
+beworry
+bewrap
+bewraps
+bewrapt
+bewray
+bewrayed
+bewrayer
+bewrays
+bey
+beylic
+beylics
+beylik
+beyliks
+beyond
+beyonds
+beys
+bezant
+bezants
+bezazz
+bezazzes
+bezel
+bezels
+bezil
+bezils
+bezique
+beziques
+bezoar
+bezoars
+bezzant
+bezzants
+bhakta
+bhaktas
+bhakti
+bhaktis
+bhang
+bhangs
+bharal
+bharals
+bheestie
+bheesty
+bhistie
+bhisties
+bhoot
+bhoots
+bhut
+bhuts
+bi
+biacetyl
+biali
+bialis
+bialy
+bialys
+biannual
+bias
+biased
+biasedly
+biases
+biasing
+biasness
+biassed
+biasses
+biassing
+biathlon
+biaxal
+biaxial
+bib
+bibasic
+bibb
+bibbed
+bibber
+bibbers
+bibbery
+bibbing
+bibbs
+bibcock
+bibcocks
+bibelot
+bibelots
+bible
+bibles
+bibless
+biblical
+biblike
+biblist
+biblists
+bibs
+bibulous
+bicarb
+bicarbs
+bicaudal
+bice
+biceps
+bicepses
+bices
+bichrome
+bicker
+bickered
+bickerer
+bickers
+bicolor
+bicolors
+bicolour
+biconvex
+bicorn
+bicorne
+bicornes
+bicron
+bicrons
+bicuspid
+bicycle
+bicycled
+bicycler
+bicycles
+bicyclic
+bid
+bidarka
+bidarkas
+bidarkee
+biddable
+biddably
+bidden
+bidder
+bidders
+biddies
+bidding
+biddings
+biddy
+bide
+bided
+bidental
+bider
+biders
+bides
+bidet
+bidets
+biding
+bids
+bield
+bielded
+bielding
+bields
+biennale
+biennia
+biennial
+biennium
+bier
+biers
+biface
+bifaces
+bifacial
+biff
+biffed
+biffies
+biffin
+biffing
+biffins
+biffs
+biffy
+bifid
+bifidity
+bifidly
+bifilar
+biflex
+bifocal
+bifocals
+bifold
+biforate
+biforked
+biform
+biformed
+big
+bigamies
+bigamist
+bigamous
+bigamy
+bigarade
+bigaroon
+bigeminy
+bigeye
+bigeyes
+bigfeet
+bigfoot
+bigfoots
+bigger
+biggest
+biggety
+biggie
+biggies
+biggin
+bigging
+biggings
+biggins
+biggish
+biggity
+bighead
+bigheads
+bighorn
+bighorns
+bight
+bighted
+bighting
+bights
+bigly
+bigmouth
+bigness
+bignonia
+bigot
+bigoted
+bigotry
+bigots
+bigs
+bigwig
+bigwigs
+bihourly
+bijou
+bijous
+bijoux
+bijugate
+bijugous
+bike
+biked
+biker
+bikers
+bikes
+bikeway
+bikeways
+bikie
+bikies
+biking
+bikini
+bikinied
+bikinis
+bilabial
+bilander
+bilayer
+bilayers
+bilberry
+bilbo
+bilboa
+bilboas
+bilboes
+bilbos
+bile
+biles
+bilge
+bilged
+bilges
+bilgier
+bilgiest
+bilging
+bilgy
+biliary
+bilinear
+bilious
+bilk
+bilked
+bilker
+bilkers
+bilking
+bilks
+bill
+billable
+billbug
+billbugs
+billed
+biller
+billers
+billet
+billeted
+billeter
+billets
+billfish
+billfold
+billhead
+billhook
+billiard
+billie
+billies
+billing
+billings
+billion
+billions
+billon
+billons
+billow
+billowed
+billows
+billowy
+bills
+billy
+billycan
+bilobate
+bilobed
+bilsted
+bilsteds
+biltong
+biltongs
+bima
+bimah
+bimahs
+bimanous
+bimanual
+bimas
+bimbo
+bimboes
+bimbos
+bimensal
+bimester
+bimetal
+bimetals
+bimethyl
+bimodal
+bimorph
+bimorphs
+bin
+binal
+binaries
+binary
+binate
+binately
+binaural
+bind
+bindable
+binder
+binders
+bindery
+bindi
+binding
+bindings
+bindis
+bindle
+bindles
+binds
+bindweed
+bine
+bines
+binge
+binged
+bingeing
+binger
+bingers
+binges
+binging
+bingo
+bingos
+binit
+binits
+binnacle
+binned
+binning
+binocle
+binocles
+binocs
+binomial
+bins
+bint
+bints
+bio
+bioassay
+biochip
+biochips
+biocidal
+biocide
+biocides
+bioclean
+biocycle
+bioethic
+biogas
+biogases
+biogen
+biogenic
+biogens
+biogeny
+bioherm
+bioherms
+biologic
+biology
+biolyses
+biolysis
+biolytic
+biomass
+biome
+biomes
+biometry
+bionic
+bionics
+bionomic
+bionomy
+biont
+biontic
+bionts
+biopic
+biopics
+bioplasm
+biopsic
+biopsied
+biopsies
+biopsy
+bioptic
+bios
+bioscope
+bioscopy
+biota
+biotas
+biotech
+biotechs
+biotic
+biotical
+biotics
+biotin
+biotins
+biotite
+biotites
+biotitic
+biotope
+biotopes
+biotoxin
+biotron
+biotrons
+biotype
+biotypes
+biotypic
+biovular
+bipack
+bipacks
+biparous
+biparted
+biparty
+biped
+bipedal
+bipeds
+biphasic
+biphenyl
+biplane
+biplanes
+bipod
+bipods
+bipolar
+biracial
+biradial
+biramose
+biramous
+birch
+birched
+birchen
+birches
+birching
+bird
+birdbath
+birdcage
+birdcall
+birded
+birder
+birders
+birdfarm
+birdie
+birdied
+birdies
+birding
+birdings
+birdlike
+birdlime
+birdman
+birdmen
+birds
+birdseed
+birdseye
+birdshot
+birdsong
+bireme
+biremes
+biretta
+birettas
+birk
+birkie
+birkies
+birks
+birl
+birle
+birled
+birler
+birlers
+birles
+birling
+birlings
+birls
+birr
+birred
+birretta
+birring
+birrotch
+birrs
+birse
+birses
+birth
+birthday
+birthed
+birthing
+births
+bis
+biscuit
+biscuits
+bise
+bisect
+bisected
+bisector
+bisects
+bises
+bisexual
+bishop
+bishoped
+bishops
+bisk
+bisks
+bismuth
+bismuths
+bisnaga
+bisnagas
+bison
+bisons
+bisque
+bisques
+bistate
+bister
+bistered
+bisters
+bistort
+bistorts
+bistoury
+bistre
+bistred
+bistres
+bistro
+bistroic
+bistros
+bit
+bitable
+bitch
+bitched
+bitchery
+bitches
+bitchier
+bitchily
+bitching
+bitchy
+bite
+biteable
+biter
+biters
+bites
+bitewing
+biting
+bitingly
+bits
+bitstock
+bitsy
+bitt
+bitted
+bitten
+bitter
+bittered
+bitterer
+bitterly
+bittern
+bitterns
+bitters
+bittier
+bittiest
+bitting
+bittings
+bittock
+bittocks
+bitts
+bitty
+bitumen
+bitumens
+biunique
+bivalent
+bivalve
+bivalved
+bivalves
+bivinyl
+bivinyls
+bivouac
+bivouacs
+biweekly
+biyearly
+biz
+bizarre
+bizarres
+bize
+bizes
+biznaga
+biznagas
+bizonal
+bizone
+bizones
+bizzes
+blab
+blabbed
+blabber
+blabbers
+blabbing
+blabby
+blabs
+black
+blackboy
+blackcap
+blacked
+blacken
+blackens
+blacker
+blackest
+blackfin
+blackfly
+blackgum
+blacking
+blackish
+blackleg
+blackly
+blackout
+blacks
+blacktop
+bladder
+bladders
+bladdery
+blade
+bladed
+blades
+blae
+blah
+blahs
+blain
+blains
+blam
+blamable
+blamably
+blame
+blamed
+blameful
+blamer
+blamers
+blames
+blaming
+blams
+blanch
+blanched
+blancher
+blanches
+bland
+blander
+blandest
+blandish
+blandly
+blank
+blanked
+blanker
+blankest
+blanket
+blankets
+blanking
+blankly
+blanks
+blare
+blared
+blares
+blaring
+blarney
+blarneys
+blase
+blast
+blasted
+blastema
+blaster
+blasters
+blastie
+blastier
+blasties
+blasting
+blastoff
+blastoma
+blasts
+blastula
+blasty
+blat
+blatancy
+blatant
+blate
+blather
+blathers
+blats
+blatted
+blatter
+blatters
+blatting
+blaubok
+blauboks
+blaw
+blawed
+blawing
+blawn
+blaws
+blaze
+blazed
+blazer
+blazers
+blazes
+blazing
+blazon
+blazoned
+blazoner
+blazonry
+blazons
+bleach
+bleached
+bleacher
+bleaches
+bleak
+bleaker
+bleakest
+bleakish
+bleakly
+bleaks
+blear
+bleared
+blearier
+blearily
+blearing
+blears
+bleary
+bleat
+bleated
+bleater
+bleaters
+bleating
+bleats
+bleb
+blebby
+blebs
+bled
+bleed
+bleeder
+bleeders
+bleeding
+bleeds
+bleep
+bleeped
+bleeping
+bleeps
+blellum
+blellums
+blemish
+blench
+blenched
+blencher
+blenches
+blend
+blende
+blended
+blender
+blenders
+blendes
+blending
+blends
+blennies
+blenny
+blent
+blesbok
+blesboks
+blesbuck
+bless
+blessed
+blesser
+blessers
+blesses
+blessing
+blest
+blet
+blether
+blethers
+blets
+blew
+blight
+blighted
+blighter
+blights
+blighty
+blimey
+blimp
+blimpish
+blimps
+blimy
+blin
+blind
+blindage
+blinded
+blinder
+blinders
+blindest
+blinding
+blindly
+blinds
+blini
+blinis
+blink
+blinkard
+blinked
+blinker
+blinkers
+blinking
+blinks
+blintz
+blintze
+blintzes
+blip
+blipped
+blipping
+blips
+bliss
+blissed
+blisses
+blissful
+blissing
+blister
+blisters
+blistery
+blite
+blites
+blithe
+blithely
+blither
+blithers
+blithest
+blitz
+blitzed
+blitzes
+blitzing
+blizzard
+bloat
+bloated
+bloater
+bloaters
+bloating
+bloats
+blob
+blobbed
+blobbing
+blobs
+bloc
+block
+blockade
+blockage
+blocked
+blocker
+blockers
+blockier
+blocking
+blockish
+blocks
+blocky
+blocs
+bloke
+blokes
+blond
+blonde
+blonder
+blondes
+blondest
+blondish
+blonds
+blood
+blooded
+bloodfin
+bloodied
+bloodier
+bloodies
+bloodily
+blooding
+bloodred
+bloods
+bloody
+blooey
+blooie
+bloom
+bloomed
+bloomer
+bloomers
+bloomery
+bloomier
+blooming
+blooms
+bloomy
+bloop
+blooped
+blooper
+bloopers
+blooping
+bloops
+blossom
+blossoms
+blossomy
+blot
+blotch
+blotched
+blotches
+blotchy
+blotless
+blots
+blotted
+blotter
+blotters
+blottier
+blotting
+blotto
+blotty
+blouse
+bloused
+blouses
+blousier
+blousily
+blousing
+blouson
+blousons
+blousy
+bloviate
+blow
+blowback
+blowball
+blowby
+blowbys
+blowdown
+blowed
+blower
+blowers
+blowfish
+blowfly
+blowgun
+blowguns
+blowhard
+blowhole
+blowier
+blowiest
+blowing
+blowjob
+blowjobs
+blown
+blowoff
+blowoffs
+blowout
+blowouts
+blowpipe
+blows
+blowsed
+blowsier
+blowsily
+blowsy
+blowtube
+blowup
+blowups
+blowy
+blowzed
+blowzier
+blowzily
+blowzy
+blub
+blubbed
+blubber
+blubbers
+blubbery
+blubbing
+blubs
+blucher
+bluchers
+bludgeon
+bludger
+bludgers
+blue
+blueball
+bluebell
+bluebill
+bluebird
+bluebook
+bluecap
+bluecaps
+bluecoat
+blued
+bluefin
+bluefins
+bluefish
+bluegill
+bluegum
+bluegums
+bluehead
+blueing
+blueings
+blueish
+bluejack
+bluejay
+bluejays
+blueline
+bluely
+blueness
+bluenose
+bluer
+blues
+bluesier
+bluesman
+bluesmen
+bluest
+bluestem
+bluesy
+bluet
+bluetick
+bluets
+blueweed
+bluewood
+bluey
+blueys
+bluff
+bluffed
+bluffer
+bluffers
+bluffest
+bluffing
+bluffly
+bluffs
+bluing
+bluings
+bluish
+blume
+blumed
+blumes
+bluming
+blunder
+blunders
+blunge
+blunged
+blunger
+blungers
+blunges
+blunging
+blunt
+blunted
+blunter
+bluntest
+blunting
+bluntly
+blunts
+blur
+blurb
+blurbed
+blurbing
+blurbs
+blurred
+blurrier
+blurrily
+blurring
+blurry
+blurs
+blurt
+blurted
+blurter
+blurters
+blurting
+blurts
+blush
+blushed
+blusher
+blushers
+blushes
+blushful
+blushing
+bluster
+blusters
+blustery
+blype
+blypes
+bo
+boa
+boar
+board
+boarded
+boarder
+boarders
+boarding
+boardman
+boardmen
+boards
+boarfish
+boarish
+boars
+boart
+boarts
+boas
+boast
+boasted
+boaster
+boasters
+boastful
+boasting
+boasts
+boat
+boatable
+boatbill
+boated
+boatel
+boatels
+boater
+boaters
+boatful
+boatfuls
+boathook
+boating
+boatings
+boatlike
+boatload
+boatman
+boatmen
+boats
+boatsman
+boatsmen
+boatyard
+bob
+bobbed
+bobber
+bobbers
+bobbery
+bobbies
+bobbin
+bobbinet
+bobbing
+bobbins
+bobble
+bobbled
+bobbles
+bobbling
+bobby
+bobcat
+bobcats
+bobeche
+bobeches
+bobolink
+bobs
+bobsled
+bobsleds
+bobstay
+bobstays
+bobtail
+bobtails
+bobwhite
+bocaccio
+bocce
+bocces
+bocci
+boccia
+boccias
+boccie
+boccies
+boccis
+boche
+boches
+bock
+bocks
+bod
+bode
+boded
+bodega
+bodegas
+bodement
+bodes
+bodhran
+bodhrans
+bodice
+bodices
+bodied
+bodies
+bodiless
+bodily
+boding
+bodingly
+bodings
+bodkin
+bodkins
+bods
+body
+bodying
+bodysuit
+bodysurf
+bodywork
+boehmite
+boff
+boffin
+boffins
+boffo
+boffola
+boffolas
+boffos
+boffs
+bog
+bogan
+bogans
+bogbean
+bogbeans
+bogey
+bogeyed
+bogeying
+bogeyman
+bogeymen
+bogeys
+bogged
+boggier
+boggiest
+bogging
+boggish
+boggle
+boggled
+boggler
+bogglers
+boggles
+boggling
+boggy
+bogie
+bogies
+bogle
+bogles
+bogs
+bogus
+bogwood
+bogwoods
+bogy
+bogyism
+bogyisms
+bogyman
+bogymen
+bohea
+boheas
+bohemia
+bohemian
+bohemias
+bohunk
+bohunks
+boil
+boilable
+boiled
+boiler
+boilers
+boiling
+boiloff
+boiloffs
+boils
+boing
+boiserie
+boite
+boites
+bola
+bolar
+bolas
+bolases
+bold
+bolder
+boldest
+boldface
+boldly
+boldness
+bolds
+bole
+bolero
+boleros
+boles
+bolete
+boletes
+boleti
+boletus
+bolide
+bolides
+bolivar
+bolivars
+bolivia
+bolivias
+boll
+bollard
+bollards
+bolled
+bolling
+bollix
+bollixed
+bollixes
+bollocks
+bollox
+bolloxed
+bolloxes
+bolls
+bollworm
+bolo
+bologna
+bolognas
+boloney
+boloneys
+bolos
+bolshie
+bolshies
+bolshy
+bolson
+bolsons
+bolster
+bolsters
+bolt
+bolted
+bolter
+bolters
+bolthead
+bolthole
+bolting
+boltonia
+boltrope
+bolts
+bolus
+boluses
+bomb
+bombard
+bombards
+bombast
+bombasts
+bombax
+bombe
+bombed
+bomber
+bombers
+bombes
+bombesin
+bombing
+bombings
+bombload
+bombs
+bombycid
+bombyx
+bombyxes
+bonaci
+bonacis
+bonanza
+bonanzas
+bonbon
+bonbons
+bond
+bondable
+bondage
+bondages
+bonded
+bonder
+bonders
+bonding
+bondings
+bondmaid
+bondman
+bondmen
+bonds
+bondsman
+bondsmen
+bonduc
+bonducs
+bone
+boned
+bonefish
+bonehead
+boneless
+bonemeal
+boner
+boners
+bones
+boneset
+bonesets
+boney
+boneyard
+bonfire
+bonfires
+bong
+bonged
+bonging
+bongo
+bongoes
+bongoist
+bongos
+bongs
+bonhomie
+bonier
+boniest
+boniface
+boniness
+boning
+bonita
+bonitas
+bonito
+bonitoes
+bonitos
+bonk
+bonked
+bonkers
+bonking
+bonks
+bonne
+bonnes
+bonnet
+bonneted
+bonnets
+bonnie
+bonnier
+bonniest
+bonnily
+bonnock
+bonnocks
+bonny
+bonsai
+bonspell
+bonspiel
+bontebok
+bonus
+bonuses
+bony
+bonze
+bonzer
+bonzes
+boo
+boob
+boobed
+boobie
+boobies
+boobing
+boobish
+booboo
+booboos
+boobs
+booby
+boodle
+boodled
+boodler
+boodlers
+boodles
+boodling
+booed
+booger
+boogers
+boogey
+boogeyed
+boogeys
+boogie
+boogied
+boogies
+boogy
+boogying
+boogyman
+boogymen
+boohoo
+boohooed
+boohoos
+booing
+book
+bookable
+bookcase
+booked
+bookend
+bookends
+booker
+bookers
+bookful
+bookfuls
+bookie
+bookies
+booking
+bookings
+bookish
+booklet
+booklets
+booklice
+booklore
+bookman
+bookmark
+bookmen
+bookrack
+bookrest
+books
+bookshop
+bookworm
+boom
+boombox
+boomed
+boomer
+boomers
+boomier
+boomiest
+booming
+boomkin
+boomkins
+boomlet
+boomlets
+booms
+boomtown
+boomy
+boon
+boondock
+boonies
+boons
+boor
+boorish
+boors
+boos
+boost
+boosted
+booster
+boosters
+boosting
+boosts
+boot
+bootable
+booted
+bootee
+bootees
+bootery
+booth
+booths
+bootie
+booties
+booting
+bootjack
+bootlace
+bootleg
+bootlegs
+bootless
+bootlick
+boots
+booty
+booze
+boozed
+boozer
+boozers
+boozes
+boozier
+booziest
+boozily
+boozing
+boozy
+bop
+bopeep
+bopeeps
+bopped
+bopper
+boppers
+bopping
+bops
+bora
+boraces
+boracic
+boracite
+borage
+borages
+boral
+borals
+borane
+boranes
+boras
+borate
+borated
+borates
+borating
+borax
+boraxes
+bordeaux
+bordel
+bordello
+bordels
+border
+bordered
+borderer
+borders
+bordure
+bordures
+bore
+boreal
+borecole
+bored
+boredom
+boredoms
+boreen
+boreens
+borehole
+borer
+borers
+bores
+boresome
+boric
+boride
+borides
+boring
+boringly
+borings
+born
+borne
+borneol
+borneols
+bornite
+bornites
+boron
+boronic
+borons
+borough
+boroughs
+borrow
+borrowed
+borrower
+borrows
+borsch
+borsches
+borscht
+borschts
+borsht
+borshts
+borstal
+borstals
+bort
+borts
+borty
+bortz
+bortzes
+borzoi
+borzois
+bos
+boscage
+boscages
+boschbok
+bosh
+boshbok
+boshboks
+boshes
+boshvark
+bosk
+boskage
+boskages
+bosker
+bosket
+boskets
+boskier
+boskiest
+bosks
+bosky
+bosom
+bosomed
+bosoming
+bosoms
+bosomy
+boson
+bosons
+bosque
+bosques
+bosquet
+bosquets
+boss
+bossdom
+bossdoms
+bossed
+bosses
+bossier
+bossies
+bossiest
+bossily
+bossing
+bossism
+bossisms
+bossy
+boston
+bostons
+bosun
+bosuns
+bot
+bota
+botanic
+botanica
+botanies
+botanise
+botanist
+botanize
+botany
+botas
+botch
+botched
+botcher
+botchers
+botchery
+botches
+botchier
+botchily
+botching
+botchy
+botel
+botels
+botflies
+botfly
+both
+bother
+bothered
+bothers
+bothies
+bothria
+bothrium
+bothy
+botonee
+botonnee
+botryoid
+botryose
+botrytis
+bots
+bott
+bottle
+bottled
+bottler
+bottlers
+bottles
+bottling
+bottom
+bottomed
+bottomer
+bottomry
+bottoms
+botts
+botulin
+botulins
+botulism
+boubou
+boubous
+bouchee
+bouchees
+boucle
+boucles
+boudoir
+boudoirs
+bouffant
+bouffe
+bouffes
+bough
+boughed
+boughpot
+boughs
+bought
+boughten
+bougie
+bougies
+bouillon
+boulder
+boulders
+bouldery
+boule
+boules
+boulle
+boulles
+bounce
+bounced
+bouncer
+bouncers
+bounces
+bouncier
+bouncily
+bouncing
+bouncy
+bound
+boundary
+bounded
+bounden
+bounder
+bounders
+bounding
+bounds
+bountied
+bounties
+bounty
+bouquet
+bouquets
+bourbon
+bourbons
+bourdon
+bourdons
+bourg
+bourgeon
+bourgs
+bourn
+bourne
+bournes
+bourns
+bourree
+bourrees
+bourride
+bourse
+bourses
+bourtree
+bouse
+boused
+bouses
+bousing
+bousouki
+bousy
+bout
+boutique
+bouton
+boutons
+bouts
+bouvier
+bouviers
+bouzouki
+bovid
+bovids
+bovine
+bovinely
+bovines
+bovinity
+bow
+bowed
+bowel
+boweled
+boweling
+bowelled
+bowels
+bower
+bowered
+boweries
+bowering
+bowers
+bowery
+bowfin
+bowfins
+bowfront
+bowhead
+bowheads
+bowing
+bowingly
+bowings
+bowknot
+bowknots
+bowl
+bowlder
+bowlders
+bowled
+bowleg
+bowlegs
+bowler
+bowlers
+bowless
+bowlful
+bowlfuls
+bowlike
+bowline
+bowlines
+bowling
+bowlings
+bowllike
+bowls
+bowman
+bowmen
+bowpot
+bowpots
+bows
+bowse
+bowsed
+bowses
+bowshot
+bowshots
+bowsing
+bowsprit
+bowwow
+bowwowed
+bowwows
+bowyer
+bowyers
+box
+boxberry
+boxboard
+boxcar
+boxcars
+boxed
+boxer
+boxers
+boxes
+boxfish
+boxful
+boxfuls
+boxhaul
+boxhauls
+boxier
+boxiest
+boxiness
+boxing
+boxings
+boxlike
+boxthorn
+boxwood
+boxwoods
+boxy
+boy
+boyar
+boyard
+boyards
+boyarism
+boyars
+boychick
+boychik
+boychiks
+boycott
+boycotts
+boyhood
+boyhoods
+boyish
+boyishly
+boyla
+boylas
+boyo
+boyos
+boys
+bozo
+bozos
+bra
+brabble
+brabbled
+brabbler
+brabbles
+brace
+braced
+bracelet
+bracer
+bracero
+braceros
+bracers
+braces
+brach
+braches
+brachet
+brachets
+brachia
+brachial
+brachium
+brachs
+bracing
+bracings
+braciola
+braciole
+bracken
+brackens
+bracket
+brackets
+brackish
+braconid
+bract
+bracteal
+bracted
+bractlet
+bracts
+brad
+bradawl
+bradawls
+bradded
+bradding
+bradoon
+bradoons
+brads
+brae
+braes
+brag
+braggart
+bragged
+bragger
+braggers
+braggest
+braggier
+bragging
+braggy
+brags
+brahma
+brahmas
+braid
+braided
+braider
+braiders
+braiding
+braids
+brail
+brailed
+brailing
+braille
+brailled
+brailles
+brails
+brain
+brained
+brainier
+brainily
+braining
+brainish
+brainpan
+brains
+brainy
+braise
+braised
+braises
+braising
+braize
+braizes
+brake
+brakeage
+braked
+brakeman
+brakemen
+brakes
+brakier
+brakiest
+braking
+braky
+braless
+bramble
+brambled
+brambles
+brambly
+bran
+branch
+branched
+branches
+branchia
+branchy
+brand
+branded
+brander
+branders
+brandied
+brandies
+branding
+brandish
+brands
+brandy
+brank
+branks
+branned
+branner
+branners
+brannier
+branning
+branny
+brans
+brant
+brantail
+brants
+bras
+brash
+brasher
+brashes
+brashest
+brashier
+brashly
+brashy
+brasier
+brasiers
+brasil
+brasilin
+brasils
+brass
+brassage
+brassard
+brassart
+brassed
+brasses
+brassica
+brassie
+brassier
+brassies
+brassily
+brassing
+brassish
+brassy
+brat
+brats
+brattice
+brattier
+brattish
+brattle
+brattled
+brattles
+bratty
+braunite
+brava
+bravado
+bravados
+bravas
+brave
+braved
+bravely
+braver
+bravers
+bravery
+braves
+bravest
+bravi
+braving
+bravo
+bravoed
+bravoes
+bravoing
+bravos
+bravura
+bravuras
+bravure
+braw
+brawer
+brawest
+brawl
+brawled
+brawler
+brawlers
+brawlie
+brawlier
+brawling
+brawls
+brawly
+brawn
+brawnier
+brawnily
+brawns
+brawny
+braws
+braxies
+braxy
+bray
+brayed
+brayer
+brayers
+braying
+brays
+braza
+brazas
+braze
+brazed
+brazen
+brazened
+brazenly
+brazens
+brazer
+brazers
+brazes
+brazier
+braziers
+brazil
+brazilin
+brazils
+brazing
+breach
+breached
+breacher
+breaches
+bread
+breadbox
+breaded
+breading
+breadnut
+breads
+breadth
+breadths
+bready
+break
+breakage
+breaker
+breakers
+breaking
+breakout
+breaks
+breakup
+breakups
+bream
+breamed
+breaming
+breams
+breast
+breasted
+breasts
+breath
+breathe
+breathed
+breather
+breathes
+breaths
+breathy
+breccia
+breccial
+breccias
+brecham
+brechams
+brechan
+brechans
+bred
+brede
+bredes
+bree
+breech
+breeched
+breeches
+breed
+breeder
+breeders
+breeding
+breeds
+breeks
+brees
+breeze
+breezed
+breezes
+breezier
+breezily
+breezing
+breezy
+bregma
+bregmata
+bregmate
+bren
+brens
+brent
+brents
+brethren
+breve
+breves
+brevet
+brevetcy
+breveted
+brevets
+breviary
+brevier
+breviers
+brevity
+brew
+brewage
+brewages
+brewed
+brewer
+brewers
+brewery
+brewing
+brewings
+brewis
+brewises
+brews
+briar
+briard
+briards
+briars
+briary
+bribable
+bribe
+bribed
+bribee
+bribees
+briber
+bribers
+bribery
+bribes
+bribing
+brick
+brickbat
+bricked
+brickier
+bricking
+brickle
+brickles
+bricks
+bricky
+bricole
+bricoles
+bridal
+bridally
+bridals
+bride
+brides
+bridge
+bridged
+bridges
+bridging
+bridle
+bridled
+bridler
+bridlers
+bridles
+bridling
+bridoon
+bridoons
+brie
+brief
+briefed
+briefer
+briefers
+briefest
+briefing
+briefly
+briefs
+brier
+briers
+briery
+bries
+brig
+brigade
+brigaded
+brigades
+brigand
+brigands
+bright
+brighten
+brighter
+brightly
+brights
+brigs
+brill
+brills
+brim
+brimful
+brimfull
+brimless
+brimmed
+brimmer
+brimmers
+brimming
+brims
+brin
+brinded
+brindle
+brindled
+brindles
+brine
+brined
+briner
+briners
+brines
+bring
+bringer
+bringers
+bringing
+brings
+brinier
+brinies
+briniest
+brining
+brinish
+brink
+brinks
+brins
+briny
+brio
+brioche
+brioches
+brionies
+briony
+brios
+briquet
+briquets
+bris
+brisance
+brisant
+brisk
+brisked
+brisker
+briskest
+brisket
+briskets
+brisking
+briskly
+brisks
+brisling
+brisses
+bristle
+bristled
+bristles
+bristly
+bristol
+bristols
+brit
+britches
+brits
+britska
+britskas
+britt
+brittle
+brittled
+brittler
+brittles
+brittly
+britts
+britzka
+britzkas
+britzska
+bro
+broach
+broached
+broacher
+broaches
+broad
+broadax
+broadaxe
+broaden
+broadens
+broader
+broadest
+broadish
+broadly
+broads
+brocade
+brocaded
+brocades
+brocatel
+broccoli
+broche
+brochure
+brock
+brockage
+brocket
+brockets
+brocks
+brocoli
+brocolis
+brogan
+brogans
+brogue
+broguery
+brogues
+broguish
+broider
+broiders
+broidery
+broil
+broiled
+broiler
+broilers
+broiling
+broils
+brokage
+brokages
+broke
+broken
+brokenly
+broker
+brokered
+brokers
+broking
+brokings
+brollies
+brolly
+bromal
+bromals
+bromate
+bromated
+bromates
+brome
+bromelin
+bromes
+bromic
+bromid
+bromide
+bromides
+bromidic
+bromids
+bromin
+bromine
+bromines
+bromins
+bromism
+bromisms
+bromize
+bromized
+bromizes
+bromo
+bromos
+bronc
+bronchi
+bronchia
+broncho
+bronchos
+bronchus
+bronco
+broncos
+broncs
+bronze
+bronzed
+bronzer
+bronzers
+bronzes
+bronzier
+bronzing
+bronzy
+broo
+brooch
+brooches
+brood
+brooded
+brooder
+brooders
+broodier
+broodily
+brooding
+broods
+broody
+brook
+brooked
+brookie
+brookies
+brooking
+brookite
+brooklet
+brooks
+broom
+broomed
+broomier
+brooming
+brooms
+broomy
+broos
+bros
+brose
+broses
+brosy
+broth
+brothel
+brothels
+brother
+brothers
+broths
+brothy
+brougham
+brought
+brouhaha
+brow
+browband
+browbeat
+browed
+browless
+brown
+browned
+browner
+brownest
+brownie
+brownier
+brownies
+browning
+brownish
+brownout
+browns
+browny
+brows
+browse
+browsed
+browser
+browsers
+browses
+browsing
+brr
+brrr
+brucella
+brucin
+brucine
+brucines
+brucins
+brugh
+brughs
+bruin
+bruins
+bruise
+bruised
+bruiser
+bruisers
+bruises
+bruising
+bruit
+bruited
+bruiter
+bruiters
+bruiting
+bruits
+brulot
+brulots
+brulyie
+brulyies
+brulzie
+brulzies
+brumal
+brumbies
+brumby
+brume
+brumes
+brumous
+brunch
+brunched
+brunches
+brunet
+brunets
+brunette
+brunizem
+brunt
+brunts
+brush
+brushed
+brusher
+brushers
+brushes
+brushier
+brushing
+brushoff
+brushup
+brushups
+brushy
+brusk
+brusker
+bruskest
+brusque
+brusquer
+brut
+brutal
+brutally
+brute
+bruted
+brutely
+brutes
+brutify
+bruting
+brutish
+brutism
+brutisms
+bruxism
+bruxisms
+bryology
+bryonies
+bryony
+bryozoan
+bub
+bubal
+bubale
+bubales
+bubaline
+bubalis
+bubals
+bubbies
+bubble
+bubbled
+bubbler
+bubblers
+bubbles
+bubblier
+bubblies
+bubbling
+bubbly
+bubby
+bubinga
+bubingas
+bubo
+buboed
+buboes
+bubonic
+bubs
+buccal
+buccally
+buck
+buckaroo
+buckayro
+buckbean
+bucked
+buckeen
+buckeens
+bucker
+buckeroo
+buckers
+bucket
+bucketed
+buckets
+buckeye
+buckeyes
+bucking
+buckish
+buckle
+buckled
+buckler
+bucklers
+buckles
+buckling
+bucko
+buckoes
+buckra
+buckram
+buckrams
+buckras
+bucks
+bucksaw
+bucksaws
+buckshee
+buckshot
+buckskin
+bucktail
+bucolic
+bucolics
+bud
+budded
+budder
+budders
+buddied
+buddies
+budding
+buddings
+buddle
+buddleia
+buddles
+buddy
+buddying
+budge
+budged
+budger
+budgers
+budges
+budget
+budgeted
+budgeter
+budgets
+budgie
+budgies
+budging
+budless
+budlike
+buds
+budworm
+budworms
+buff
+buffable
+buffalo
+buffalos
+buffed
+buffer
+buffered
+buffers
+buffet
+buffeted
+buffeter
+buffets
+buffi
+buffier
+buffiest
+buffing
+buffo
+buffoon
+buffoons
+buffos
+buffs
+buffy
+bug
+bugaboo
+bugaboos
+bugbane
+bugbanes
+bugbear
+bugbears
+bugeye
+bugeyes
+bugged
+bugger
+buggered
+buggers
+buggery
+buggier
+buggies
+buggiest
+bugging
+buggy
+bughouse
+bugle
+bugled
+bugler
+buglers
+bugles
+bugling
+bugloss
+bugs
+bugseed
+bugseeds
+bugsha
+bugshas
+buhl
+buhls
+buhlwork
+buhr
+buhrs
+build
+builded
+builder
+builders
+building
+builds
+buildup
+buildups
+built
+buirdly
+bulb
+bulbar
+bulbed
+bulbel
+bulbels
+bulbil
+bulbils
+bulblet
+bulblets
+bulbous
+bulbs
+bulbul
+bulbuls
+bulge
+bulged
+bulger
+bulgers
+bulges
+bulgier
+bulgiest
+bulging
+bulgur
+bulgurs
+bulgy
+bulimia
+bulimiac
+bulimias
+bulimic
+bulimics
+bulk
+bulkage
+bulkages
+bulked
+bulkhead
+bulkier
+bulkiest
+bulkily
+bulking
+bulks
+bulky
+bull
+bulla
+bullace
+bullaces
+bullae
+bullate
+bullbat
+bullbats
+bulldog
+bulldogs
+bulldoze
+bulled
+bullet
+bulleted
+bulletin
+bullets
+bullfrog
+bullhead
+bullhorn
+bullied
+bullier
+bullies
+bulliest
+bulling
+bullion
+bullions
+bullish
+bullneck
+bullnose
+bullock
+bullocks
+bullocky
+bullous
+bullpen
+bullpens
+bullpout
+bullring
+bullrush
+bulls
+bullshit
+bullshot
+bullweed
+bullwhip
+bully
+bullyboy
+bullying
+bullyrag
+bulrush
+bulwark
+bulwarks
+bum
+bumble
+bumbled
+bumbler
+bumblers
+bumbles
+bumbling
+bumboat
+bumboats
+bumf
+bumfs
+bumkin
+bumkins
+bummed
+bummer
+bummers
+bummest
+bumming
+bump
+bumped
+bumper
+bumpered
+bumpers
+bumph
+bumphs
+bumpier
+bumpiest
+bumpily
+bumping
+bumpkin
+bumpkins
+bumps
+bumpy
+bums
+bun
+bunch
+bunched
+bunches
+bunchier
+bunchily
+bunching
+bunchy
+bunco
+buncoed
+buncoing
+buncombe
+buncos
+bund
+bundist
+bundists
+bundle
+bundled
+bundler
+bundlers
+bundles
+bundling
+bunds
+bundt
+bundts
+bung
+bungalow
+bunged
+bungee
+bungees
+bunghole
+bunging
+bungle
+bungled
+bungler
+bunglers
+bungles
+bungling
+bungs
+bunion
+bunions
+bunk
+bunked
+bunker
+bunkered
+bunkers
+bunking
+bunkmate
+bunko
+bunkoed
+bunkoing
+bunkos
+bunks
+bunkum
+bunkums
+bunn
+bunnies
+bunns
+bunny
+bunraku
+bunrakus
+buns
+bunt
+bunted
+bunter
+bunters
+bunting
+buntings
+buntline
+bunts
+bunya
+bunyas
+buoy
+buoyage
+buoyages
+buoyance
+buoyancy
+buoyant
+buoyed
+buoying
+buoys
+buppie
+buppies
+buqsha
+buqshas
+bur
+bura
+buran
+burans
+buras
+burble
+burbled
+burbler
+burblers
+burbles
+burblier
+burbling
+burbly
+burbot
+burbots
+burbs
+burd
+burden
+burdened
+burdener
+burdens
+burdie
+burdies
+burdock
+burdocks
+burds
+bureau
+bureaus
+bureaux
+buret
+burets
+burette
+burettes
+burg
+burgage
+burgages
+burgee
+burgees
+burgeon
+burgeons
+burger
+burgers
+burgess
+burgh
+burghal
+burgher
+burghers
+burghs
+burglar
+burglars
+burglary
+burgle
+burgled
+burgles
+burgling
+burgonet
+burgoo
+burgoos
+burgout
+burgouts
+burgrave
+burgs
+burgundy
+burial
+burials
+buried
+burier
+buriers
+buries
+burin
+burins
+burke
+burked
+burker
+burkers
+burkes
+burking
+burkite
+burkites
+burl
+burlap
+burlaps
+burled
+burler
+burlers
+burlesk
+burlesks
+burley
+burleys
+burlier
+burliest
+burlily
+burling
+burls
+burly
+burn
+burnable
+burned
+burner
+burners
+burnet
+burnets
+burnie
+burnies
+burning
+burnings
+burnish
+burnoose
+burnous
+burnout
+burnouts
+burns
+burnt
+burp
+burped
+burping
+burps
+burr
+burred
+burrer
+burrers
+burrier
+burriest
+burring
+burrito
+burritos
+burro
+burros
+burrow
+burrowed
+burrower
+burrows
+burrs
+burry
+burs
+bursa
+bursae
+bursal
+bursar
+bursars
+bursary
+bursas
+bursate
+burse
+burseed
+burseeds
+bursera
+burses
+bursitis
+burst
+bursted
+burster
+bursters
+bursting
+burstone
+bursts
+burthen
+burthens
+burton
+burtons
+burweed
+burweeds
+bury
+burying
+bus
+busbar
+busbars
+busbies
+busboy
+busboys
+busby
+bused
+buses
+bush
+bushbuck
+bushed
+bushel
+busheled
+busheler
+bushels
+busher
+bushers
+bushes
+bushfire
+bushgoat
+bushido
+bushidos
+bushier
+bushiest
+bushily
+bushing
+bushings
+bushland
+bushless
+bushlike
+bushman
+bushmen
+bushpig
+bushpigs
+bushtit
+bushtits
+bushwa
+bushwah
+bushwahs
+bushwas
+bushy
+busied
+busier
+busies
+busiest
+busily
+business
+busing
+busings
+busk
+busked
+busker
+buskers
+buskin
+buskined
+busking
+buskins
+busks
+busload
+busloads
+busman
+busmen
+buss
+bussed
+busses
+bussing
+bussings
+bust
+bustard
+bustards
+busted
+buster
+busters
+bustic
+bustics
+bustier
+bustiers
+bustiest
+busting
+bustle
+bustled
+bustles
+bustline
+bustling
+busts
+busty
+busulfan
+busy
+busybody
+busying
+busyness
+busywork
+but
+butane
+butanes
+butanol
+butanols
+butanone
+butch
+butcher
+butchers
+butchery
+butches
+bute
+butene
+butenes
+buteo
+buteos
+butle
+butled
+butler
+butlers
+butlery
+butles
+butling
+buts
+butt
+buttals
+butte
+butted
+butter
+buttered
+butters
+buttery
+buttes
+butties
+butting
+buttock
+buttocks
+button
+buttoned
+buttoner
+buttons
+buttony
+buttress
+butts
+butty
+butut
+bututs
+butyl
+butylate
+butylene
+butyls
+butyral
+butyrals
+butyrate
+butyric
+butyrin
+butyrins
+butyrous
+butyryl
+butyryls
+buxom
+buxomer
+buxomest
+buxomly
+buy
+buyable
+buyback
+buybacks
+buyer
+buyers
+buying
+buyout
+buyouts
+buys
+buzuki
+buzukia
+buzukis
+buzz
+buzzard
+buzzards
+buzzed
+buzzer
+buzzers
+buzzes
+buzzing
+buzzwig
+buzzwigs
+buzzword
+bwana
+bwanas
+by
+bye
+byelaw
+byelaws
+byes
+bygone
+bygones
+bylaw
+bylaws
+byline
+bylined
+byliner
+byliners
+bylines
+bylining
+byname
+bynames
+bypass
+bypassed
+bypasses
+bypast
+bypath
+bypaths
+byplay
+byplays
+byre
+byres
+byrl
+byrled
+byrling
+byrls
+byrnie
+byrnies
+byroad
+byroads
+bys
+byssi
+byssus
+byssuses
+bystreet
+bytalk
+bytalks
+byte
+bytes
+byway
+byways
+byword
+bywords
+bywork
+byworks
+byzant
+byzants
+cab
+cabal
+cabala
+cabalas
+cabalism
+cabalist
+caballed
+cabals
+cabana
+cabanas
+cabaret
+cabarets
+cabbage
+cabbaged
+cabbages
+cabbala
+cabbalah
+cabbalas
+cabbed
+cabbie
+cabbies
+cabbing
+cabby
+caber
+cabernet
+cabers
+cabestro
+cabezon
+cabezone
+cabezons
+cabildo
+cabildos
+cabin
+cabined
+cabinet
+cabinets
+cabining
+cabins
+cable
+cabled
+cables
+cablet
+cablets
+cableway
+cabling
+cabman
+cabmen
+cabob
+cabobs
+caboched
+cabochon
+cabomba
+cabombas
+caboodle
+caboose
+cabooses
+caboshed
+cabotage
+cabresta
+cabresto
+cabretta
+cabrilla
+cabriole
+cabs
+cabstand
+caca
+cacao
+cacaos
+cacas
+cachalot
+cache
+cached
+cachepot
+caches
+cachet
+cacheted
+cachets
+cachexia
+cachexic
+cachexy
+caching
+cachou
+cachous
+cachucha
+cacique
+caciques
+cackle
+cackled
+cackler
+cacklers
+cackles
+cackling
+cacodyl
+cacodyls
+cacomixl
+cacti
+cactoid
+cactus
+cactuses
+cad
+cadaster
+cadastre
+cadaver
+cadavers
+caddice
+caddices
+caddie
+caddied
+caddies
+caddis
+caddises
+caddish
+caddy
+caddying
+cade
+cadelle
+cadelles
+cadence
+cadenced
+cadences
+cadency
+cadent
+cadenza
+cadenzas
+cades
+cadet
+cadets
+cadge
+cadged
+cadger
+cadgers
+cadges
+cadging
+cadgy
+cadi
+cadis
+cadmic
+cadmium
+cadmiums
+cadre
+cadres
+cads
+caducean
+caducei
+caduceus
+caducity
+caducous
+caeca
+caecal
+caecally
+caecum
+caeoma
+caeomas
+caesar
+caesars
+caesium
+caesiums
+caestus
+caesura
+caesurae
+caesural
+caesuras
+caesuric
+cafe
+cafes
+caff
+caffein
+caffeine
+caffeins
+caffs
+caftan
+caftans
+cage
+caged
+cageful
+cagefuls
+cageling
+cager
+cagers
+cages
+cagey
+cagier
+cagiest
+cagily
+caginess
+caging
+cagy
+cahier
+cahiers
+cahoot
+cahoots
+cahow
+cahows
+caid
+caids
+caiman
+caimans
+cain
+cains
+caique
+caiques
+caird
+cairds
+cairn
+cairned
+cairns
+cairny
+caisson
+caissons
+caitiff
+caitiffs
+cajaput
+cajaputs
+cajeput
+cajeputs
+cajole
+cajoled
+cajoler
+cajolers
+cajolery
+cajoles
+cajoling
+cajon
+cajones
+cajuput
+cajuputs
+cake
+caked
+cakes
+cakewalk
+cakey
+cakier
+cakiest
+caking
+caky
+calabash
+caladium
+calamar
+calamari
+calamars
+calamary
+calami
+calamine
+calamint
+calamite
+calamity
+calamus
+calando
+calash
+calashes
+calathi
+calathos
+calathus
+calcanea
+calcanei
+calcar
+calcaria
+calcars
+calceate
+calces
+calcic
+calcific
+calcify
+calcine
+calcined
+calcines
+calcite
+calcites
+calcitic
+calcium
+calciums
+calcspar
+calctufa
+calctuff
+calculi
+calculus
+caldaria
+caldera
+calderas
+caldron
+caldrons
+caleche
+caleches
+calendal
+calendar
+calender
+calends
+calesa
+calesas
+calf
+calflike
+calfs
+calfskin
+caliber
+calibers
+calibre
+calibred
+calibres
+calices
+caliche
+caliches
+calicle
+calicles
+calico
+calicoes
+calicos
+calif
+califate
+califs
+calipash
+calipee
+calipees
+caliper
+calipers
+caliph
+caliphal
+caliphs
+calisaya
+calix
+calk
+calked
+calker
+calkers
+calkin
+calking
+calkins
+calks
+call
+calla
+callable
+callaloo
+callan
+callans
+callant
+callants
+callas
+callback
+callboy
+callboys
+called
+caller
+callers
+callet
+callets
+calling
+callings
+calliope
+callipee
+calliper
+callose
+calloses
+callous
+callow
+callower
+calls
+callus
+callused
+calluses
+calm
+calmed
+calmer
+calmest
+calming
+calmly
+calmness
+calms
+calo
+calomel
+calomels
+caloric
+calorics
+calorie
+calories
+calorize
+calory
+calotte
+calottes
+calotype
+caloyer
+caloyers
+calpac
+calpack
+calpacks
+calpacs
+calque
+calqued
+calques
+calquing
+calthrop
+caltrap
+caltraps
+caltrop
+caltrops
+calumet
+calumets
+calumny
+calutron
+calvados
+calvaria
+calvary
+calve
+calved
+calves
+calving
+calx
+calxes
+calycate
+calyceal
+calyces
+calycine
+calycle
+calycles
+calyculi
+calypso
+calypsos
+calypter
+calyptra
+calyx
+calyxes
+calzone
+calzones
+cam
+camail
+camailed
+camails
+camas
+camases
+camass
+camasses
+camber
+cambered
+cambers
+cambia
+cambial
+cambism
+cambisms
+cambist
+cambists
+cambium
+cambiums
+cambogia
+cambric
+cambrics
+came
+camel
+cameleer
+camelia
+camelias
+camellia
+camels
+cameo
+cameoed
+cameoing
+cameos
+camera
+camerae
+cameral
+cameras
+cames
+camion
+camions
+camisa
+camisade
+camisado
+camisas
+camise
+camises
+camisia
+camisias
+camisole
+camlet
+camlets
+camomile
+camorra
+camorras
+camp
+campagna
+campagne
+campaign
+camped
+camper
+campers
+campfire
+camphene
+camphine
+camphire
+camphol
+camphols
+camphor
+camphors
+campi
+campier
+campiest
+campily
+camping
+campings
+campion
+campions
+campo
+campong
+campongs
+camporee
+campos
+camps
+campsite
+campus
+campused
+campuses
+campy
+cams
+camshaft
+can
+canaille
+canakin
+canakins
+canal
+canaled
+canaling
+canalise
+canalize
+canalled
+canaller
+canals
+canape
+canapes
+canard
+canards
+canaries
+canary
+canasta
+canastas
+cancan
+cancans
+cancel
+canceled
+canceler
+cancels
+cancer
+cancers
+cancha
+canchas
+cancroid
+candela
+candelas
+candent
+candid
+candida
+candidas
+candider
+candidly
+candids
+candied
+candies
+candle
+candled
+candler
+candlers
+candles
+candling
+candor
+candors
+candour
+candours
+candy
+candying
+cane
+caned
+canella
+canellas
+canephor
+caner
+caners
+canes
+caneware
+canfield
+canful
+canfuls
+cangue
+cangues
+canid
+canids
+canikin
+canikins
+canine
+canines
+caning
+caninity
+canister
+canities
+canker
+cankered
+cankers
+canna
+cannabic
+cannabin
+cannabis
+cannas
+canned
+cannel
+cannelon
+cannels
+canner
+canners
+cannery
+cannibal
+cannie
+cannier
+canniest
+cannikin
+cannily
+canning
+cannings
+cannoli
+cannon
+cannoned
+cannonry
+cannons
+cannot
+cannula
+cannulae
+cannular
+cannulas
+canny
+canoe
+canoed
+canoeing
+canoeist
+canoes
+canola
+canon
+canoness
+canonic
+canonise
+canonist
+canonize
+canonry
+canons
+canoodle
+canopied
+canopies
+canopy
+canorous
+cans
+cansful
+canso
+cansos
+canst
+cant
+cantala
+cantalas
+cantata
+cantatas
+cantdog
+cantdogs
+canted
+canteen
+canteens
+canter
+cantered
+canters
+canthal
+canthi
+canthus
+cantic
+canticle
+cantina
+cantinas
+canting
+cantle
+cantles
+canto
+canton
+cantonal
+cantoned
+cantons
+cantor
+cantors
+cantos
+cantraip
+cantrap
+cantraps
+cantrip
+cantrips
+cants
+cantus
+canty
+canula
+canulae
+canulas
+canulate
+canvas
+canvased
+canvaser
+canvases
+canvass
+canyon
+canyons
+canzona
+canzonas
+canzone
+canzones
+canzonet
+canzoni
+cap
+capable
+capabler
+capably
+capacity
+cape
+caped
+capelan
+capelans
+capelet
+capelets
+capelin
+capelins
+caper
+capered
+caperer
+caperers
+capering
+capers
+capes
+capeskin
+capework
+capful
+capfuls
+caph
+caphs
+capias
+capiases
+capita
+capital
+capitals
+capitate
+capitol
+capitols
+capitula
+capless
+caplet
+caplets
+caplin
+caplins
+capmaker
+capo
+capon
+caponata
+caponier
+caponize
+capons
+caporal
+caporals
+capos
+capote
+capotes
+capouch
+capped
+capper
+cappers
+capping
+cappings
+capric
+capricci
+caprice
+caprices
+caprifig
+caprine
+capriole
+capris
+caprock
+caprocks
+caps
+capsicin
+capsicum
+capsid
+capsidal
+capsids
+capsize
+capsized
+capsizes
+capsomer
+capstan
+capstans
+capstone
+capsular
+capsule
+capsuled
+capsules
+captain
+captains
+captan
+captans
+caption
+captions
+captious
+captive
+captives
+captor
+captors
+capture
+captured
+capturer
+captures
+capuche
+capuched
+capuches
+capuchin
+caput
+capybara
+car
+carabao
+carabaos
+carabid
+carabids
+carabin
+carabine
+carabins
+caracal
+caracals
+caracara
+carack
+caracks
+caracol
+caracole
+caracols
+caracul
+caraculs
+carafe
+carafes
+caragana
+carageen
+caramba
+caramel
+caramels
+carangid
+carapace
+carapax
+carassow
+carat
+carate
+carates
+carats
+caravan
+caravans
+caravel
+caravels
+caraway
+caraways
+carb
+carbamic
+carbamyl
+carbarn
+carbarns
+carbaryl
+carbide
+carbides
+carbine
+carbines
+carbinol
+carbo
+carbolic
+carbon
+carbonic
+carbons
+carbonyl
+carbora
+carboras
+carbos
+carboxyl
+carboy
+carboyed
+carboys
+carbs
+carburet
+carcajou
+carcanet
+carcase
+carcases
+carcass
+carcel
+carcels
+card
+cardamom
+cardamon
+cardamum
+cardcase
+carded
+carder
+carders
+cardia
+cardiac
+cardiacs
+cardiae
+cardias
+cardigan
+cardinal
+carding
+cardings
+cardioid
+carditic
+carditis
+cardoon
+cardoons
+cards
+care
+cared
+careen
+careened
+careener
+careens
+career
+careered
+careerer
+careers
+carefree
+careful
+careless
+carer
+carers
+cares
+caress
+caressed
+caresser
+caresses
+caret
+caretake
+caretook
+carets
+careworn
+carex
+carfare
+carfares
+carful
+carfuls
+cargo
+cargoes
+cargos
+carhop
+carhops
+caribe
+caribes
+caribou
+caribous
+carices
+caried
+caries
+carillon
+carina
+carinae
+carinal
+carinas
+carinate
+caring
+carioca
+cariocas
+cariole
+carioles
+carious
+caritas
+cark
+carked
+carking
+carks
+carl
+carle
+carles
+carless
+carlin
+carline
+carlines
+carling
+carlings
+carlins
+carlish
+carload
+carloads
+carls
+carmaker
+carman
+carmen
+carmine
+carmines
+carn
+carnage
+carnages
+carnal
+carnally
+carnauba
+carnet
+carnets
+carney
+carneys
+carnie
+carnies
+carnify
+carnival
+carns
+carny
+caroach
+carob
+carobs
+caroch
+caroche
+caroches
+carol
+caroled
+caroler
+carolers
+caroli
+caroling
+carolled
+caroller
+carols
+carolus
+carom
+caromed
+caroming
+caroms
+carotene
+carotid
+carotids
+carotin
+carotins
+carousal
+carouse
+caroused
+carousel
+carouser
+carouses
+carp
+carpal
+carpale
+carpalia
+carpals
+carped
+carpel
+carpels
+carper
+carpers
+carpet
+carpeted
+carpets
+carpi
+carping
+carpings
+carpool
+carpools
+carport
+carports
+carps
+carpus
+carr
+carrack
+carracks
+carrel
+carrell
+carrells
+carrels
+carriage
+carried
+carrier
+carriers
+carries
+carriole
+carrion
+carrions
+carritch
+carroch
+carrom
+carromed
+carroms
+carrot
+carrotin
+carrots
+carroty
+carrs
+carry
+carryall
+carrying
+carryon
+carryons
+carryout
+cars
+carse
+carses
+carsick
+cart
+cartable
+cartage
+cartages
+carte
+carted
+cartel
+cartels
+carter
+carters
+cartes
+carting
+cartload
+carton
+cartoned
+cartons
+cartoon
+cartoons
+cartoony
+cartop
+cartouch
+carts
+caruncle
+carve
+carved
+carvel
+carvels
+carven
+carver
+carvers
+carves
+carving
+carvings
+carwash
+caryatic
+caryatid
+caryotin
+casa
+casaba
+casabas
+casas
+casava
+casavas
+casbah
+casbahs
+cascabel
+cascable
+cascade
+cascaded
+cascades
+cascara
+cascaras
+case
+casease
+caseases
+caseate
+caseated
+caseates
+casebook
+cased
+casefied
+casefies
+casefy
+caseic
+casein
+caseins
+caseload
+casemate
+casement
+caseose
+caseoses
+caseous
+casern
+caserne
+casernes
+caserns
+cases
+casette
+casettes
+casework
+caseworm
+cash
+cashable
+cashaw
+cashaws
+cashbook
+cashbox
+cashed
+cashes
+cashew
+cashews
+cashier
+cashiers
+cashing
+cashless
+cashmere
+cashoo
+cashoos
+casimere
+casimire
+casing
+casings
+casini
+casino
+casinos
+casita
+casitas
+cask
+casked
+casket
+casketed
+caskets
+casking
+casks
+casky
+casque
+casqued
+casques
+cassaba
+cassabas
+cassata
+cassatas
+cassava
+cassavas
+cassette
+cassia
+cassias
+cassino
+cassinos
+cassis
+cassises
+cassock
+cassocks
+cast
+castable
+castanet
+castaway
+caste
+casteism
+caster
+casters
+castes
+casting
+castings
+castle
+castled
+castles
+castling
+castoff
+castoffs
+castor
+castors
+castrate
+castrati
+castrato
+casts
+casual
+casually
+casuals
+casualty
+casuist
+casuists
+casus
+cat
+catacomb
+catalase
+catalo
+cataloes
+catalog
+catalogs
+catalos
+catalpa
+catalpas
+catalyst
+catalyze
+catamite
+catapult
+cataract
+catarrh
+catarrhs
+catawba
+catawbas
+catbird
+catbirds
+catboat
+catboats
+catbrier
+catcall
+catcalls
+catch
+catchall
+catcher
+catchers
+catches
+catchfly
+catchier
+catching
+catchup
+catchups
+catchy
+catclaw
+catclaws
+cate
+catechin
+catechol
+catechu
+catechus
+category
+catena
+catenae
+catenary
+catenas
+catenate
+catenoid
+cater
+cateran
+caterans
+catered
+caterer
+caterers
+cateress
+catering
+caters
+cates
+catface
+catfaces
+catfall
+catfalls
+catfight
+catfish
+catgut
+catguts
+cathead
+catheads
+cathect
+cathects
+cathedra
+catheter
+cathexes
+cathexis
+cathodal
+cathode
+cathodes
+cathodic
+catholic
+cathouse
+cation
+cationic
+cations
+catkin
+catkins
+catlike
+catlin
+catling
+catlings
+catlins
+catmint
+catmints
+catnap
+catnaper
+catnaps
+catnip
+catnips
+cats
+catspaw
+catspaws
+catsup
+catsups
+cattail
+cattails
+cattalo
+cattalos
+catted
+cattery
+cattie
+cattier
+catties
+cattiest
+cattily
+catting
+cattish
+cattle
+cattleya
+catty
+catwalk
+catwalks
+caucus
+caucused
+caucuses
+caudad
+caudal
+caudally
+caudate
+caudated
+caudates
+caudex
+caudexes
+caudices
+caudillo
+caudle
+caudles
+caught
+caul
+cauld
+cauldron
+caulds
+caules
+caulicle
+cauline
+caulis
+caulk
+caulked
+caulker
+caulkers
+caulking
+caulks
+cauls
+causable
+causal
+causally
+causals
+cause
+caused
+causer
+causerie
+causers
+causes
+causeway
+causey
+causeys
+causing
+caustic
+caustics
+cautery
+caution
+cautions
+cautious
+cavalero
+cavalier
+cavalla
+cavallas
+cavally
+cavalry
+cavatina
+cavatine
+cave
+caveat
+caveated
+caveator
+caveats
+caved
+cavefish
+cavelike
+caveman
+cavemen
+caver
+cavern
+caverned
+caverns
+cavers
+caves
+cavetti
+cavetto
+cavettos
+caviar
+caviare
+caviares
+caviars
+cavicorn
+cavie
+cavies
+cavil
+caviled
+caviler
+cavilers
+caviling
+cavilled
+caviller
+cavils
+caving
+cavings
+cavitary
+cavitate
+cavitied
+cavities
+cavity
+cavort
+cavorted
+cavorter
+cavorts
+cavy
+caw
+cawed
+cawing
+caws
+cay
+cayenne
+cayenned
+cayennes
+cayman
+caymans
+cays
+cayuse
+cayuses
+cazique
+caziques
+cease
+ceased
+ceases
+ceasing
+cebid
+cebids
+ceboid
+ceboids
+ceca
+cecal
+cecally
+cecum
+cedar
+cedarn
+cedars
+cede
+ceded
+ceder
+ceders
+cedes
+cedi
+cedilla
+cedillas
+ceding
+cedis
+cedula
+cedulas
+cee
+cees
+ceiba
+ceibas
+ceil
+ceiled
+ceiler
+ceilers
+ceiling
+ceilings
+ceils
+ceinture
+cel
+celadon
+celadons
+celeb
+celebs
+celeriac
+celeries
+celerity
+celery
+celesta
+celestas
+celeste
+celestes
+celiac
+celiacs
+celibacy
+celibate
+cell
+cella
+cellae
+cellar
+cellared
+cellarer
+cellaret
+cellars
+celled
+celli
+celling
+cellist
+cellists
+cellmate
+cello
+cellos
+cells
+cellular
+cellule
+cellules
+celom
+celomata
+celoms
+celosia
+celosias
+cels
+celt
+celts
+cembali
+cembalo
+cembalos
+cement
+cementa
+cemented
+cementer
+cements
+cementum
+cemetery
+cenacle
+cenacles
+cenobite
+cenotaph
+cenote
+cenotes
+cense
+censed
+censer
+censers
+censes
+censing
+censor
+censored
+censors
+censual
+censure
+censured
+censurer
+censures
+census
+censused
+censuses
+cent
+cental
+centals
+centare
+centares
+centaur
+centaurs
+centaury
+centavo
+centavos
+center
+centered
+centers
+centeses
+centesis
+centiare
+centile
+centiles
+centime
+centimes
+centimo
+centimos
+centner
+centners
+cento
+centones
+centos
+centra
+central
+centrals
+centre
+centred
+centres
+centric
+centring
+centrism
+centrist
+centroid
+centrum
+centrums
+cents
+centum
+centums
+centuple
+century
+ceorl
+ceorlish
+ceorls
+cep
+cepe
+cepes
+cephalad
+cephalic
+cephalin
+cepheid
+cepheids
+ceps
+ceramal
+ceramals
+ceramic
+ceramics
+ceramist
+cerastes
+cerate
+cerated
+cerates
+ceratin
+ceratins
+ceratoid
+cercaria
+cerci
+cercis
+cercises
+cercus
+cere
+cereal
+cereals
+cerebra
+cerebral
+cerebric
+cerebrum
+cered
+cerement
+ceremony
+ceres
+cereus
+cereuses
+ceria
+cerias
+ceric
+cering
+ceriph
+ceriphs
+cerise
+cerises
+cerite
+cerites
+cerium
+ceriums
+cermet
+cermets
+cernuous
+cero
+ceros
+cerotic
+cerotype
+cerous
+certain
+certes
+certify
+cerulean
+cerumen
+cerumens
+ceruse
+ceruses
+cerusite
+cervelas
+cervelat
+cervical
+cervices
+cervid
+cervine
+cervix
+cervixes
+cesarean
+cesarian
+cesium
+cesiums
+cess
+cessed
+cesses
+cessing
+cession
+cessions
+cesspit
+cesspits
+cesspool
+cesta
+cestas
+cesti
+cestode
+cestodes
+cestoi
+cestoid
+cestoids
+cestos
+cestus
+cestuses
+cesura
+cesurae
+cesuras
+cetacean
+cetane
+cetanes
+cete
+cetes
+cetology
+ceviche
+ceviches
+chablis
+chabouk
+chabouks
+chabuk
+chabuks
+chacma
+chacmas
+chaconne
+chad
+chadar
+chadarim
+chadars
+chadless
+chador
+chadors
+chadri
+chads
+chaeta
+chaetae
+chaetal
+chafe
+chafed
+chafer
+chafers
+chafes
+chaff
+chaffed
+chaffer
+chaffers
+chaffier
+chaffing
+chaffs
+chaffy
+chafing
+chagrin
+chagrins
+chain
+chaine
+chained
+chaines
+chaining
+chainman
+chainmen
+chains
+chainsaw
+chair
+chaired
+chairing
+chairman
+chairmen
+chairs
+chaise
+chaises
+chakra
+chakras
+chalah
+chalahs
+chalaza
+chalazae
+chalazal
+chalazas
+chalazia
+chalcid
+chalcids
+chaldron
+chaleh
+chalehs
+chalet
+chalets
+chalice
+chaliced
+chalices
+chalk
+chalked
+chalkier
+chalking
+chalks
+chalky
+challa
+challah
+challahs
+challas
+challie
+challies
+challis
+challot
+challoth
+chally
+chalone
+chalones
+chalot
+chaloth
+chalutz
+cham
+chamade
+chamades
+chamber
+chambers
+chambray
+chamfer
+chamfers
+chamfron
+chamise
+chamises
+chamiso
+chamisos
+chammied
+chammies
+chammy
+chamois
+chamoix
+champ
+champac
+champacs
+champak
+champaks
+champed
+champer
+champers
+champing
+champion
+champs
+champy
+chams
+chance
+chanced
+chancel
+chancels
+chancery
+chances
+chancier
+chancily
+chancing
+chancre
+chancres
+chancy
+chandler
+chanfron
+chang
+change
+changed
+changer
+changers
+changes
+changing
+changs
+channel
+channels
+chanson
+chansons
+chant
+chantage
+chanted
+chanter
+chanters
+chantey
+chanteys
+chanties
+chanting
+chantor
+chantors
+chantry
+chants
+chanty
+chao
+chaos
+chaoses
+chaotic
+chap
+chapati
+chapatis
+chapatti
+chapbook
+chape
+chapeau
+chapeaus
+chapeaux
+chapel
+chapels
+chaperon
+chapes
+chapiter
+chaplain
+chaplet
+chaplets
+chapman
+chapmen
+chappati
+chapped
+chapping
+chaps
+chapt
+chapter
+chapters
+chaqueta
+char
+characid
+characin
+charade
+charades
+charas
+charases
+charcoal
+chard
+chards
+chare
+chared
+chares
+charge
+charged
+charger
+chargers
+charges
+charging
+charier
+chariest
+charily
+charing
+chariot
+chariots
+charism
+charisma
+charisms
+charity
+chark
+charka
+charkas
+charked
+charkha
+charkhas
+charking
+charks
+charlady
+charley
+charleys
+charlie
+charlies
+charlock
+charm
+charmed
+charmer
+charmers
+charming
+charms
+charnel
+charnels
+charpai
+charpais
+charpoy
+charpoys
+charqui
+charquid
+charquis
+charr
+charred
+charrier
+charring
+charro
+charros
+charrs
+charry
+chars
+chart
+charted
+charter
+charters
+charting
+chartist
+charts
+chary
+chase
+chased
+chaser
+chasers
+chases
+chasing
+chasings
+chasm
+chasmal
+chasmed
+chasmic
+chasms
+chasmy
+chasse
+chassed
+chasses
+chasseur
+chassis
+chaste
+chastely
+chasten
+chastens
+chaster
+chastest
+chastise
+chastity
+chasuble
+chat
+chatchka
+chatchke
+chateau
+chateaus
+chateaux
+chats
+chatted
+chattel
+chattels
+chatter
+chatters
+chattery
+chattier
+chattily
+chatting
+chatty
+chaufer
+chaufers
+chauffer
+chaunt
+chaunted
+chaunter
+chaunts
+chausses
+chaw
+chawed
+chawer
+chawers
+chawing
+chaws
+chay
+chayote
+chayotes
+chays
+chazan
+chazanim
+chazans
+chazzan
+chazzans
+chazzen
+chazzens
+cheap
+cheapen
+cheapens
+cheaper
+cheapest
+cheapie
+cheapies
+cheapish
+cheaply
+cheapo
+cheapos
+cheaps
+cheat
+cheated
+cheater
+cheaters
+cheating
+cheats
+chebec
+chebecs
+chechako
+check
+checked
+checker
+checkers
+checking
+checkoff
+checkout
+checkrow
+checks
+checkup
+checkups
+cheddar
+cheddars
+cheddite
+cheder
+cheders
+chedite
+chedites
+cheek
+cheeked
+cheekful
+cheekier
+cheekily
+cheeking
+cheeks
+cheeky
+cheep
+cheeped
+cheeper
+cheepers
+cheeping
+cheeps
+cheer
+cheered
+cheerer
+cheerers
+cheerful
+cheerier
+cheerily
+cheering
+cheerio
+cheerios
+cheerled
+cheerly
+cheero
+cheeros
+cheers
+cheery
+cheese
+cheesed
+cheeses
+cheesier
+cheesily
+cheesing
+cheesy
+cheetah
+cheetahs
+chef
+chefdom
+chefdoms
+cheffed
+cheffing
+chefs
+chegoe
+chegoes
+chela
+chelae
+chelas
+chelate
+chelated
+chelates
+chelator
+cheliped
+cheloid
+cheloids
+chemic
+chemical
+chemics
+chemise
+chemises
+chemism
+chemisms
+chemist
+chemists
+chemo
+chemos
+chemurgy
+chenille
+chenopod
+cheque
+chequer
+chequers
+cheques
+cherish
+cheroot
+cheroots
+cherries
+cherry
+chert
+chertier
+cherts
+cherty
+cherub
+cherubic
+cherubim
+cherubs
+chervil
+chervils
+chess
+chesses
+chessman
+chessmen
+chest
+chested
+chestful
+chestier
+chestnut
+chests
+chesty
+chetah
+chetahs
+cheth
+cheths
+chetrum
+chetrums
+chevalet
+cheveron
+chevied
+chevies
+cheviot
+cheviots
+chevre
+chevres
+chevron
+chevrons
+chevy
+chevying
+chew
+chewable
+chewed
+chewer
+chewers
+chewier
+chewiest
+chewing
+chewink
+chewinks
+chews
+chewy
+chez
+chi
+chia
+chiao
+chias
+chiasm
+chiasma
+chiasmal
+chiasmas
+chiasmi
+chiasmic
+chiasms
+chiasmus
+chiastic
+chiaus
+chiauses
+chibouk
+chibouks
+chic
+chicane
+chicaned
+chicaner
+chicanes
+chicano
+chicanos
+chiccory
+chicer
+chicest
+chichi
+chichis
+chick
+chickee
+chickees
+chicken
+chickens
+chickory
+chickpea
+chicks
+chicle
+chicles
+chicly
+chicness
+chico
+chicory
+chicos
+chics
+chid
+chidden
+chide
+chided
+chider
+chiders
+chides
+chiding
+chief
+chiefdom
+chiefer
+chiefest
+chiefly
+chiefs
+chiel
+chield
+chields
+chiels
+chiffon
+chiffons
+chigetai
+chigger
+chiggers
+chignon
+chignons
+chigoe
+chigoes
+child
+childbed
+childe
+childes
+childing
+childish
+childly
+children
+chile
+chiles
+chili
+chiliad
+chiliads
+chiliasm
+chiliast
+chilidog
+chilies
+chill
+chilled
+chiller
+chillers
+chillest
+chilli
+chillier
+chillies
+chillily
+chilling
+chills
+chillum
+chillums
+chilly
+chilopod
+chimaera
+chimar
+chimars
+chimb
+chimbley
+chimbly
+chimbs
+chime
+chimed
+chimer
+chimera
+chimeras
+chimere
+chimeres
+chimeric
+chimers
+chimes
+chiming
+chimla
+chimlas
+chimley
+chimleys
+chimney
+chimneys
+chimp
+chimps
+chin
+china
+chinas
+chinbone
+chinch
+chinches
+chinchy
+chine
+chined
+chines
+chining
+chink
+chinked
+chinkier
+chinking
+chinks
+chinky
+chinless
+chinned
+chinning
+chino
+chinone
+chinones
+chinook
+chinooks
+chinos
+chins
+chints
+chintses
+chintz
+chintzes
+chintzy
+chip
+chipmuck
+chipmunk
+chipped
+chipper
+chippers
+chippie
+chippier
+chippies
+chipping
+chippy
+chips
+chiral
+chirk
+chirked
+chirker
+chirkest
+chirking
+chirks
+chirm
+chirmed
+chirming
+chirms
+chiro
+chiros
+chirp
+chirped
+chirper
+chirpers
+chirpier
+chirpily
+chirping
+chirps
+chirpy
+chirr
+chirre
+chirred
+chirres
+chirring
+chirrs
+chirrup
+chirrups
+chirrupy
+chis
+chisel
+chiseled
+chiseler
+chisels
+chit
+chital
+chitchat
+chitin
+chitins
+chitlin
+chitling
+chitlins
+chiton
+chitons
+chitosan
+chits
+chitter
+chitters
+chitties
+chitty
+chivalry
+chivaree
+chivari
+chive
+chives
+chivied
+chivies
+chivvied
+chivvies
+chivvy
+chivy
+chivying
+chlamys
+chloasma
+chloral
+chlorals
+chlorate
+chlordan
+chloric
+chlorid
+chloride
+chlorids
+chlorin
+chlorine
+chlorins
+chlorite
+chlorous
+choana
+choanae
+chock
+chocked
+chockful
+chocking
+chocks
+choice
+choicely
+choicer
+choices
+choicest
+choir
+choirboy
+choired
+choiring
+choirs
+choke
+choked
+choker
+chokers
+chokes
+chokey
+chokier
+chokiest
+choking
+choky
+cholate
+cholates
+cholent
+cholents
+choler
+cholera
+choleras
+choleric
+cholers
+choline
+cholines
+cholla
+chollas
+cholo
+cholos
+chomp
+chomped
+chomper
+chompers
+chomping
+chomps
+chon
+chook
+chooks
+choose
+chooser
+choosers
+chooses
+choosey
+choosier
+choosing
+choosy
+chop
+chopin
+chopine
+chopines
+chopins
+chopped
+chopper
+choppers
+choppier
+choppily
+chopping
+choppy
+chops
+choragi
+choragic
+choragus
+choral
+chorale
+chorales
+chorally
+chorals
+chord
+chordal
+chordate
+chorded
+chording
+chords
+chore
+chorea
+choreal
+choreas
+chored
+choregi
+choregus
+choreic
+choreman
+choremen
+choreoid
+chores
+chorial
+choriamb
+choric
+chorine
+chorines
+choring
+chorioid
+chorion
+chorions
+chorizo
+chorizos
+choroid
+choroids
+chortle
+chortled
+chortler
+chortles
+chorus
+chorused
+choruses
+chose
+chosen
+choses
+chott
+chotts
+chough
+choughs
+chouse
+choused
+chouser
+chousers
+chouses
+choush
+choushes
+chousing
+chow
+chowchow
+chowder
+chowders
+chowed
+chowing
+chows
+chowse
+chowsed
+chowses
+chowsing
+chowtime
+chresard
+chrism
+chrisma
+chrismal
+chrismon
+chrisms
+chrisom
+chrisoms
+christen
+christie
+christy
+chroma
+chromas
+chromate
+chrome
+chromed
+chromes
+chromic
+chromide
+chroming
+chromite
+chromium
+chromize
+chromo
+chromos
+chromous
+chromyl
+chromyls
+chronaxy
+chronic
+chronics
+chronon
+chronons
+chthonic
+chub
+chubasco
+chubbier
+chubbily
+chubby
+chubs
+chuck
+chucked
+chuckies
+chucking
+chuckle
+chuckled
+chuckler
+chuckles
+chucks
+chucky
+chuddah
+chuddahs
+chuddar
+chuddars
+chudder
+chudders
+chufa
+chufas
+chuff
+chuffed
+chuffer
+chuffest
+chuffier
+chuffing
+chuffs
+chuffy
+chug
+chugalug
+chugged
+chugger
+chuggers
+chugging
+chugs
+chukar
+chukars
+chukka
+chukkar
+chukkars
+chukkas
+chukker
+chukkers
+chum
+chummed
+chummier
+chummily
+chumming
+chummy
+chump
+chumped
+chumping
+chumps
+chums
+chumship
+chunk
+chunked
+chunkier
+chunkily
+chunking
+chunks
+chunky
+chunter
+chunters
+church
+churched
+churches
+churchly
+churchy
+churl
+churlish
+churls
+churn
+churned
+churner
+churners
+churning
+churns
+churr
+churred
+churring
+churrs
+chute
+chuted
+chutes
+chuting
+chutist
+chutists
+chutnee
+chutnees
+chutney
+chutneys
+chutzpa
+chutzpah
+chutzpas
+chyle
+chyles
+chylous
+chyme
+chymes
+chymic
+chymics
+chymist
+chymists
+chymosin
+chymous
+ciao
+cibol
+cibols
+ciboria
+ciborium
+ciboule
+ciboules
+cicada
+cicadae
+cicadas
+cicala
+cicalas
+cicale
+cicatrix
+cicelies
+cicely
+cicero
+cicerone
+ciceroni
+ciceros
+cichlid
+cichlids
+cicisbei
+cicisbeo
+cicoree
+cicorees
+cider
+ciders
+cigar
+cigaret
+cigarets
+cigars
+cilantro
+cilia
+ciliary
+ciliate
+ciliated
+ciliates
+cilice
+cilices
+cilium
+cimbalom
+cimex
+cimices
+cinch
+cinched
+cinches
+cinching
+cinchona
+cincture
+cinder
+cindered
+cinders
+cindery
+cine
+cineast
+cineaste
+cineasts
+cinema
+cinemas
+cineol
+cineole
+cineoles
+cineols
+cinerary
+cinerin
+cinerins
+cines
+cingula
+cingulum
+cinnabar
+cinnamic
+cinnamon
+cinnamyl
+cinquain
+cinque
+cinques
+cion
+cions
+cioppino
+cipher
+ciphered
+ciphers
+ciphony
+cipolin
+cipolins
+circa
+circle
+circled
+circler
+circlers
+circles
+circlet
+circlets
+circling
+circuit
+circuits
+circuity
+circular
+circus
+circuses
+circusy
+cire
+cires
+cirque
+cirques
+cirrate
+cirri
+cirriped
+cirrose
+cirrous
+cirrus
+cirsoid
+cis
+cisco
+ciscoes
+ciscos
+cislunar
+cissies
+cissoid
+cissoids
+cissy
+cist
+cistern
+cisterna
+cisterns
+cistron
+cistrons
+cists
+cistus
+cistuses
+citable
+citadel
+citadels
+citation
+citator
+citators
+citatory
+cite
+citeable
+cited
+citer
+citers
+cites
+cithara
+citharas
+cither
+cithern
+citherns
+cithers
+cithren
+cithrens
+citied
+cities
+citified
+citifies
+citify
+citing
+citizen
+citizens
+citola
+citolas
+citole
+citoles
+citral
+citrals
+citrate
+citrated
+citrates
+citreous
+citric
+citrin
+citrine
+citrines
+citrinin
+citrins
+citron
+citrons
+citrous
+citrus
+citruses
+citrusy
+cittern
+citterns
+city
+cityfied
+cityward
+citywide
+civet
+civets
+civic
+civicism
+civics
+civie
+civies
+civil
+civilian
+civilise
+civility
+civilize
+civilly
+civism
+civisms
+civvies
+civvy
+clabber
+clabbers
+clach
+clachan
+clachans
+clachs
+clack
+clacked
+clacker
+clackers
+clacking
+clacks
+clad
+cladding
+clade
+clades
+cladist
+cladists
+cladode
+cladodes
+clads
+clag
+clagged
+clagging
+clags
+claim
+claimant
+claimed
+claimer
+claimers
+claiming
+claims
+clam
+clamant
+clambake
+clamber
+clambers
+clammed
+clammer
+clammers
+clammier
+clammily
+clamming
+clammy
+clamor
+clamored
+clamorer
+clamors
+clamour
+clamours
+clamp
+clamped
+clamper
+clampers
+clamping
+clamps
+clams
+clamworm
+clan
+clang
+clanged
+clanger
+clangers
+clanging
+clangor
+clangors
+clangour
+clangs
+clank
+clanked
+clanking
+clanks
+clannish
+clans
+clansman
+clansmen
+clap
+clapped
+clapper
+clappers
+clapping
+claps
+clapt
+claptrap
+claque
+claquer
+claquers
+claques
+claqueur
+clarence
+claret
+clarets
+claries
+clarify
+clarinet
+clarion
+clarions
+clarity
+clarkia
+clarkias
+claro
+claroes
+claros
+clary
+clash
+clashed
+clasher
+clashers
+clashes
+clashing
+clasp
+clasped
+clasper
+claspers
+clasping
+clasps
+claspt
+class
+classed
+classer
+classers
+classes
+classic
+classico
+classics
+classier
+classify
+classily
+classing
+classis
+classism
+classist
+classy
+clast
+clastic
+clastics
+clasts
+clatter
+clatters
+clattery
+claucht
+claught
+claughts
+clausal
+clause
+clauses
+claustra
+clavate
+clave
+claver
+clavered
+clavers
+claves
+clavi
+clavicle
+clavier
+claviers
+clavus
+claw
+clawed
+clawer
+clawers
+clawing
+clawless
+clawlike
+claws
+claxon
+claxons
+clay
+claybank
+clayed
+clayey
+clayier
+clayiest
+claying
+clayish
+claylike
+claymore
+claypan
+claypans
+clays
+clayware
+clean
+cleaned
+cleaner
+cleaners
+cleanest
+cleaning
+cleanly
+cleans
+cleanse
+cleansed
+cleanser
+cleanses
+cleanup
+cleanups
+clear
+cleared
+clearer
+clearers
+clearest
+clearing
+clearly
+clears
+cleat
+cleated
+cleating
+cleats
+cleavage
+cleave
+cleaved
+cleaver
+cleavers
+cleaves
+cleaving
+cleek
+cleeked
+cleeking
+cleeks
+clef
+clefs
+cleft
+clefted
+clefting
+clefts
+cleidoic
+clematis
+clemency
+clement
+clench
+clenched
+clencher
+clenches
+cleome
+cleomes
+clepe
+cleped
+clepes
+cleping
+clept
+clergies
+clergy
+cleric
+clerical
+clerics
+clerid
+clerids
+clerihew
+clerisy
+clerk
+clerkdom
+clerked
+clerking
+clerkish
+clerkly
+clerks
+cleveite
+clever
+cleverer
+cleverly
+clevis
+clevises
+clew
+clewed
+clewing
+clews
+cliche
+cliched
+cliches
+click
+clicked
+clicker
+clickers
+clicking
+clicks
+client
+cliental
+clients
+cliff
+cliffier
+cliffs
+cliffy
+clift
+clifts
+climatal
+climate
+climates
+climatic
+climax
+climaxed
+climaxes
+climb
+climbed
+climber
+climbers
+climbing
+climbs
+clime
+climes
+clinal
+clinally
+clinch
+clinched
+clincher
+clinches
+cline
+clines
+cling
+clinged
+clinger
+clingers
+clingier
+clinging
+clings
+clingy
+clinic
+clinical
+clinics
+clink
+clinked
+clinker
+clinkers
+clinking
+clinks
+clip
+clipped
+clipper
+clippers
+clipping
+clips
+clipt
+clique
+cliqued
+cliques
+cliquey
+cliquier
+cliquing
+cliquish
+cliquy
+clitella
+clitic
+clitics
+clitoral
+clitoric
+clitoris
+clivers
+clivia
+clivias
+cloaca
+cloacae
+cloacal
+cloacas
+cloak
+cloaked
+cloaking
+cloaks
+clobber
+clobbers
+clochard
+cloche
+cloches
+clock
+clocked
+clocker
+clockers
+clocking
+clocks
+clod
+cloddier
+cloddish
+cloddy
+clodpate
+clodpole
+clodpoll
+clods
+clog
+clogged
+clogger
+cloggers
+cloggier
+clogging
+cloggy
+clogs
+cloister
+clomb
+clomp
+clomped
+clomping
+clomps
+clon
+clonal
+clonally
+clone
+cloned
+cloner
+cloners
+clones
+clonic
+cloning
+clonings
+clonism
+clonisms
+clonk
+clonked
+clonking
+clonks
+clons
+clonus
+clonuses
+cloot
+cloots
+clop
+clopped
+clopping
+clops
+cloque
+cloques
+closable
+close
+closed
+closely
+closeout
+closer
+closers
+closes
+closest
+closet
+closeted
+closets
+closing
+closings
+closure
+closured
+closures
+clot
+cloth
+clothe
+clothed
+clothes
+clothier
+clothing
+cloths
+clots
+clotted
+clotting
+clotty
+cloture
+clotured
+clotures
+cloud
+clouded
+cloudier
+cloudily
+clouding
+cloudlet
+clouds
+cloudy
+clough
+cloughs
+clour
+cloured
+clouring
+clours
+clout
+clouted
+clouter
+clouters
+clouting
+clouts
+clove
+cloven
+clover
+clovers
+cloves
+clowder
+clowders
+clown
+clowned
+clownery
+clowning
+clownish
+clowns
+cloy
+cloyed
+cloying
+cloys
+cloze
+clozes
+club
+clubable
+clubbed
+clubber
+clubbers
+clubbier
+clubbing
+clubbish
+clubby
+clubfeet
+clubfoot
+clubhand
+clubhaul
+clubman
+clubmen
+clubroom
+clubroot
+clubs
+cluck
+clucked
+clucking
+clucks
+clue
+clued
+clueing
+clueless
+clues
+cluing
+clumber
+clumbers
+clump
+clumped
+clumpier
+clumping
+clumpish
+clumps
+clumpy
+clumsier
+clumsily
+clumsy
+clung
+clunk
+clunked
+clunker
+clunkers
+clunkier
+clunking
+clunks
+clunky
+clupeid
+clupeids
+clupeoid
+cluster
+clusters
+clustery
+clutch
+clutched
+clutches
+clutchy
+clutter
+clutters
+cluttery
+clypeal
+clypeate
+clypei
+clypeus
+clyster
+clysters
+coach
+coached
+coacher
+coachers
+coaches
+coaching
+coachman
+coachmen
+coact
+coacted
+coacting
+coaction
+coactive
+coactor
+coactors
+coacts
+coadmire
+coadmit
+coadmits
+coaeval
+coaevals
+coagency
+coagent
+coagents
+coagula
+coagulum
+coal
+coala
+coalas
+coalbin
+coalbins
+coalbox
+coaled
+coaler
+coalers
+coalesce
+coalfish
+coalhole
+coalier
+coaliest
+coalify
+coaling
+coalless
+coalpit
+coalpits
+coals
+coalsack
+coalshed
+coaly
+coalyard
+coaming
+coamings
+coanchor
+coannex
+coappear
+coapt
+coapted
+coapting
+coapts
+coarse
+coarsely
+coarsen
+coarsens
+coarser
+coarsest
+coassist
+coassume
+coast
+coastal
+coasted
+coaster
+coasters
+coasting
+coasts
+coat
+coated
+coatee
+coatees
+coater
+coaters
+coati
+coating
+coatings
+coatis
+coatless
+coatrack
+coatroom
+coats
+coattail
+coattend
+coattest
+coauthor
+coax
+coaxal
+coaxed
+coaxer
+coaxers
+coaxes
+coaxial
+coaxing
+cob
+cobalt
+cobaltic
+cobalts
+cobb
+cobber
+cobbers
+cobbier
+cobbiest
+cobble
+cobbled
+cobbler
+cobblers
+cobbles
+cobbling
+cobbs
+cobby
+cobia
+cobias
+coble
+cobles
+cobnut
+cobnuts
+cobra
+cobras
+cobs
+cobweb
+cobwebby
+cobwebs
+coca
+cocain
+cocaine
+cocaines
+cocains
+cocas
+coccal
+cocci
+coccic
+coccid
+coccidia
+coccids
+coccoid
+coccoids
+coccous
+coccus
+coccyges
+coccyx
+coccyxes
+cochair
+cochairs
+cochin
+cochins
+cochlea
+cochleae
+cochlear
+cochleas
+cocinera
+cock
+cockade
+cockaded
+cockades
+cockapoo
+cockatoo
+cockbill
+cockboat
+cockcrow
+cocked
+cocker
+cockered
+cockerel
+cockers
+cockeye
+cockeyed
+cockeyes
+cockier
+cockiest
+cockily
+cocking
+cockish
+cockle
+cockled
+cockles
+cocklike
+cockling
+cockloft
+cockney
+cockneys
+cockpit
+cockpits
+cocks
+cockshut
+cockshy
+cockspur
+cocksure
+cocktail
+cockup
+cockups
+cocky
+coco
+cocoa
+cocoanut
+cocoas
+cocobola
+cocobolo
+cocomat
+cocomats
+coconut
+coconuts
+cocoon
+cocooned
+cocoons
+cocos
+cocotte
+cocottes
+cocoyam
+cocoyams
+cocreate
+cod
+coda
+codable
+codas
+codded
+codder
+codders
+codding
+coddle
+coddled
+coddler
+coddlers
+coddles
+coddling
+code
+codebook
+codebtor
+codec
+codecs
+coded
+codeia
+codeias
+codein
+codeina
+codeinas
+codeine
+codeines
+codeins
+codeless
+coden
+codens
+coder
+coderive
+coders
+codes
+codesign
+codex
+codfish
+codger
+codgers
+codices
+codicil
+codicils
+codified
+codifier
+codifies
+codify
+coding
+codirect
+codlin
+codling
+codlings
+codlins
+codon
+codons
+codpiece
+codrive
+codriven
+codriver
+codrives
+codrove
+cods
+coed
+coedit
+coedited
+coeditor
+coedits
+coeds
+coeffect
+coeliac
+coelom
+coelome
+coelomes
+coelomic
+coeloms
+coembody
+coemploy
+coempt
+coempted
+coempts
+coenact
+coenacts
+coenamor
+coendure
+coenure
+coenures
+coenuri
+coenurus
+coenzyme
+coequal
+coequals
+coequate
+coerce
+coerced
+coercer
+coercers
+coerces
+coercing
+coercion
+coercive
+coerect
+coerects
+coesite
+coesites
+coeval
+coevally
+coevals
+coevolve
+coexert
+coexerts
+coexist
+coexists
+coextend
+cofactor
+coff
+coffee
+coffees
+coffer
+coffered
+coffers
+coffin
+coffined
+coffing
+coffins
+coffle
+coffled
+coffles
+coffling
+coffret
+coffrets
+coffs
+cofound
+cofounds
+coft
+cog
+cogency
+cogent
+cogently
+cogged
+cogging
+cogitate
+cogito
+cogitos
+cognac
+cognacs
+cognate
+cognates
+cognise
+cognised
+cognises
+cognize
+cognized
+cognizer
+cognizes
+cognomen
+cognovit
+cogon
+cogons
+cogs
+cogway
+cogways
+cogwheel
+cohabit
+cohabits
+cohead
+coheaded
+coheads
+coheir
+coheirs
+cohere
+cohered
+coherent
+coherer
+coherers
+coheres
+cohering
+cohesion
+cohesive
+coho
+cohobate
+cohog
+cohogs
+coholder
+cohort
+cohorts
+cohos
+cohosh
+cohoshes
+cohost
+cohosted
+cohosts
+cohune
+cohunes
+coif
+coifed
+coiffe
+coiffed
+coiffes
+coiffeur
+coiffing
+coiffure
+coifing
+coifs
+coign
+coigne
+coigned
+coignes
+coigning
+coigns
+coil
+coiled
+coiler
+coilers
+coiling
+coils
+coin
+coinable
+coinage
+coinages
+coincide
+coined
+coiner
+coiners
+coinfer
+coinfers
+coinhere
+coining
+coinmate
+coins
+coinsure
+cointer
+cointers
+coinvent
+coir
+coirs
+coistrel
+coistril
+coital
+coitally
+coition
+coitions
+coitus
+coituses
+cojoin
+cojoined
+cojoins
+coke
+coked
+cokehead
+cokes
+coking
+col
+cola
+colander
+colas
+cold
+coldcock
+colder
+coldest
+coldish
+coldly
+coldness
+colds
+cole
+colead
+coleader
+coleads
+coled
+coles
+coleseed
+coleslaw
+colessee
+colessor
+coleus
+coleuses
+colewort
+colic
+colicin
+colicine
+colicins
+colicky
+colics
+colies
+coliform
+colin
+colinear
+colins
+coliseum
+colistin
+colitic
+colitis
+collage
+collaged
+collagen
+collages
+collapse
+collar
+collard
+collards
+collared
+collaret
+collars
+collate
+collated
+collates
+collator
+collect
+collects
+colleen
+colleens
+college
+colleger
+colleges
+collegia
+collet
+colleted
+collets
+collide
+collided
+collider
+collides
+collie
+collied
+collier
+colliers
+colliery
+collies
+collins
+collogue
+colloid
+colloids
+collop
+collops
+colloquy
+collude
+colluded
+colluder
+colludes
+colluvia
+colly
+collying
+collyria
+colobi
+coloboma
+colobus
+colocate
+colog
+cologne
+cologned
+colognes
+cologs
+colon
+colone
+colonel
+colonels
+colones
+coloni
+colonial
+colonic
+colonics
+colonies
+colonise
+colonist
+colonize
+colons
+colonus
+colony
+colophon
+color
+colorado
+colorant
+colored
+coloreds
+colorer
+colorers
+colorful
+coloring
+colorism
+colorist
+colorize
+colorman
+colormen
+colors
+colossal
+colossi
+colossus
+colotomy
+colour
+coloured
+colourer
+colours
+colpitis
+cols
+colt
+colter
+colters
+coltish
+colts
+colubrid
+colugo
+colugos
+columbic
+columel
+columels
+column
+columnal
+columnar
+columned
+columns
+colure
+colures
+coly
+colza
+colzas
+coma
+comade
+comae
+comake
+comaker
+comakers
+comakes
+comaking
+comal
+comanage
+comas
+comate
+comates
+comatic
+comatik
+comatiks
+comatose
+comatula
+comb
+combat
+combated
+combater
+combats
+combe
+combed
+comber
+combers
+combes
+combine
+combined
+combiner
+combines
+combing
+combings
+comblike
+combo
+combos
+combs
+combust
+combusts
+come
+comeback
+comedian
+comedic
+comedies
+comedo
+comedos
+comedown
+comedy
+comelier
+comelily
+comely
+comember
+comer
+comers
+comes
+comet
+cometary
+cometh
+comether
+cometic
+comets
+comfier
+comfiest
+comfit
+comfits
+comfort
+comforts
+comfrey
+comfreys
+comfy
+comic
+comical
+comics
+coming
+comingle
+comings
+comitia
+comitial
+comities
+comity
+comix
+comma
+command
+commando
+commands
+commas
+commata
+commence
+commend
+commends
+comment
+comments
+commerce
+commie
+commies
+commit
+commits
+commix
+commixed
+commixes
+commixt
+commode
+commodes
+common
+commoner
+commonly
+commons
+commove
+commoved
+commoves
+communal
+commune
+communed
+communes
+commute
+commuted
+commuter
+commutes
+commy
+comose
+comous
+comp
+compact
+compacts
+compadre
+company
+compare
+compared
+comparer
+compares
+compart
+comparts
+compass
+comped
+compeer
+compeers
+compel
+compels
+compend
+compends
+compere
+compered
+comperes
+compete
+competed
+competes
+compile
+compiled
+compiler
+compiles
+comping
+complain
+compleat
+complect
+complete
+complex
+complice
+complied
+complier
+complies
+complin
+compline
+complins
+complot
+complots
+comply
+compo
+compone
+compony
+comport
+comports
+compos
+compose
+composed
+composer
+composes
+compost
+composts
+compote
+compotes
+compound
+compress
+comprise
+comprize
+comps
+compt
+compted
+compting
+compts
+compute
+computed
+computer
+computes
+comrade
+comrades
+comsymp
+comsymps
+comte
+comtes
+con
+conation
+conative
+conatus
+concave
+concaved
+concaves
+conceal
+conceals
+concede
+conceded
+conceder
+concedes
+conceit
+conceits
+conceive
+concent
+concents
+concept
+concepts
+concern
+concerns
+concert
+concerti
+concerto
+concerts
+conch
+concha
+conchae
+conchal
+conches
+conchie
+conchies
+conchoid
+conchs
+conchy
+concise
+conciser
+conclave
+conclude
+concoct
+concocts
+concord
+concords
+concrete
+concur
+concurs
+concuss
+condemn
+condemns
+condense
+condign
+condo
+condoes
+condole
+condoled
+condoler
+condoles
+condom
+condoms
+condone
+condoned
+condoner
+condones
+condor
+condores
+condors
+condos
+conduce
+conduced
+conducer
+conduces
+conduct
+conducts
+conduit
+conduits
+condylar
+condyle
+condyles
+cone
+coned
+conelrad
+conenose
+conepate
+conepatl
+cones
+coney
+coneys
+confab
+confabs
+confect
+confects
+confer
+conferee
+confers
+conferva
+confess
+confetti
+confetto
+confide
+confided
+confider
+confides
+confine
+confined
+confiner
+confines
+confirm
+confirms
+confit
+confits
+conflate
+conflict
+conflux
+confocal
+conform
+conforms
+confound
+confrere
+confront
+confuse
+confused
+confuses
+confute
+confuted
+confuter
+confutes
+conga
+congaed
+congaing
+congas
+conge
+congeal
+congeals
+congee
+congeed
+congees
+congener
+conger
+congers
+conges
+congest
+congests
+congii
+congius
+conglobe
+congo
+congoes
+congos
+congou
+congous
+congrats
+congress
+coni
+conic
+conical
+conicity
+conics
+conidia
+conidial
+conidian
+conidium
+conies
+conifer
+conifers
+coniine
+coniines
+conin
+conine
+conines
+coning
+conins
+conioses
+coniosis
+conium
+coniums
+conjoin
+conjoins
+conjoint
+conjugal
+conjunct
+conjure
+conjured
+conjurer
+conjures
+conjuror
+conk
+conked
+conker
+conkers
+conking
+conks
+conky
+conn
+connate
+connect
+connects
+conned
+conner
+conners
+conning
+connive
+connived
+conniver
+connives
+connote
+connoted
+connotes
+conns
+conodont
+conoid
+conoidal
+conoids
+conquer
+conquers
+conquest
+conquian
+cons
+consent
+consents
+conserve
+consider
+consign
+consigns
+consist
+consists
+consol
+console
+consoled
+consoler
+consoles
+consols
+consomme
+consort
+consorts
+conspire
+constant
+construe
+consul
+consular
+consuls
+consult
+consults
+consume
+consumed
+consumer
+consumes
+contact
+contacts
+contagia
+contain
+contains
+conte
+contemn
+contemns
+contempt
+contend
+contends
+content
+contents
+contes
+contest
+contests
+context
+contexts
+continua
+continue
+continuo
+conto
+contort
+contorts
+contos
+contour
+contours
+contra
+contract
+contrail
+contrary
+contras
+contrast
+contrite
+contrive
+control
+controls
+contuse
+contused
+contuses
+conus
+convect
+convects
+convene
+convened
+convener
+convenes
+convenor
+convent
+convents
+converge
+converse
+convert
+converts
+convex
+convexes
+convexly
+convey
+conveyed
+conveyer
+conveyor
+conveys
+convict
+convicts
+convince
+convoke
+convoked
+convoker
+convokes
+convolve
+convoy
+convoyed
+convoys
+convulse
+cony
+coo
+cooch
+cooches
+coocoo
+cooed
+cooee
+cooeed
+cooeeing
+cooees
+cooer
+cooers
+cooey
+cooeyed
+cooeying
+cooeys
+coof
+coofs
+cooing
+cooingly
+cook
+cookable
+cookbook
+cooked
+cooker
+cookers
+cookery
+cookey
+cookeys
+cookie
+cookies
+cooking
+cookings
+cookless
+cookout
+cookouts
+cooks
+cookshop
+cooktop
+cooktops
+cookware
+cooky
+cool
+coolant
+coolants
+cooldown
+cooled
+cooler
+coolers
+coolest
+coolie
+coolies
+cooling
+coolish
+coolly
+coolness
+cools
+coolth
+coolths
+cooly
+coomb
+coombe
+coombes
+coombs
+coon
+cooncan
+cooncans
+coons
+coonskin
+coontie
+coonties
+coop
+cooped
+cooper
+coopered
+coopers
+coopery
+cooping
+coops
+coopt
+coopted
+coopting
+cooption
+coopts
+coos
+coot
+cooter
+cooters
+cootie
+cooties
+coots
+cop
+copaiba
+copaibas
+copal
+copalm
+copalms
+copals
+coparent
+copastor
+copatron
+cope
+copeck
+copecks
+coped
+copemate
+copen
+copens
+copepod
+copepods
+coper
+copers
+copes
+copied
+copier
+copiers
+copies
+copihue
+copihues
+copilot
+copilots
+coping
+copings
+copious
+coplanar
+coplot
+coplots
+copped
+copper
+copperah
+copperas
+coppered
+coppers
+coppery
+coppice
+coppiced
+coppices
+copping
+coppra
+coppras
+copra
+coprah
+coprahs
+copras
+copremia
+copremic
+coprince
+cops
+copse
+copses
+copter
+copters
+copula
+copulae
+copular
+copulas
+copulate
+copurify
+copy
+copybook
+copyboy
+copyboys
+copycat
+copycats
+copydesk
+copyedit
+copyhold
+copying
+copyist
+copyists
+copyread
+coquet
+coquetry
+coquets
+coquette
+coquille
+coquina
+coquinas
+coquito
+coquitos
+cor
+coracle
+coracles
+coracoid
+coral
+corals
+coranto
+corantos
+corban
+corbans
+corbeil
+corbeils
+corbel
+corbeled
+corbels
+corbie
+corbies
+corbina
+corbinas
+corby
+cord
+cordage
+cordages
+cordate
+corded
+cordelle
+corder
+corders
+cordial
+cordials
+cording
+cordings
+cordite
+cordites
+cordless
+cordlike
+cordoba
+cordobas
+cordon
+cordoned
+cordons
+cordovan
+cords
+corduroy
+cordwain
+cordwood
+core
+cored
+coredeem
+coreign
+coreigns
+corelate
+coreless
+coremia
+coremium
+corer
+corers
+cores
+corf
+corgi
+corgis
+coria
+coring
+corium
+cork
+corkage
+corkages
+corked
+corker
+corkers
+corkier
+corkiest
+corking
+corklike
+corks
+corkwood
+corky
+corm
+cormel
+cormels
+cormlike
+cormoid
+cormous
+corms
+corn
+cornball
+corncake
+corncob
+corncobs
+corncrib
+cornea
+corneal
+corneas
+corned
+cornel
+cornels
+corneous
+corner
+cornered
+corners
+cornet
+cornetcy
+cornets
+cornfed
+cornhusk
+cornice
+corniced
+cornices
+corniche
+cornicle
+cornier
+corniest
+cornily
+corning
+cornmeal
+cornpone
+cornrow
+cornrows
+corns
+cornu
+cornua
+cornual
+cornus
+cornuses
+cornute
+cornuted
+cornuto
+cornutos
+corny
+corodies
+corody
+corolla
+corollas
+corona
+coronach
+coronae
+coronal
+coronals
+coronary
+coronas
+coronate
+coronel
+coronels
+coroner
+coroners
+coronet
+coronets
+coronoid
+corotate
+corpora
+corporal
+corps
+corpse
+corpses
+corpsman
+corpsmen
+corpus
+corrade
+corraded
+corrades
+corral
+corrals
+correct
+corrects
+corrida
+corridas
+corridor
+corrie
+corries
+corrival
+corrode
+corroded
+corrodes
+corrody
+corrupt
+corrupts
+corsac
+corsacs
+corsage
+corsages
+corsair
+corsairs
+corse
+corselet
+corses
+corset
+corseted
+corsetry
+corsets
+corslet
+corslets
+cortege
+corteges
+cortex
+cortexes
+cortical
+cortices
+cortin
+cortins
+cortisol
+coruler
+corulers
+corundum
+corvee
+corvees
+corves
+corvet
+corvets
+corvette
+corvina
+corvinas
+corvine
+cory
+corybant
+corymb
+corymbed
+corymbs
+coryphee
+coryza
+coryzal
+coryzas
+cos
+coscript
+cosec
+cosecant
+cosecs
+coses
+coset
+cosets
+cosey
+coseys
+cosh
+coshed
+cosher
+coshered
+coshers
+coshes
+coshing
+cosie
+cosied
+cosier
+cosies
+cosiest
+cosign
+cosigned
+cosigner
+cosigns
+cosily
+cosine
+cosines
+cosiness
+cosmetic
+cosmic
+cosmical
+cosmism
+cosmisms
+cosmist
+cosmists
+cosmos
+cosmoses
+coss
+cossack
+cossacks
+cosset
+cosseted
+cossets
+cost
+costa
+costae
+costal
+costar
+costard
+costards
+costars
+costate
+costed
+coster
+costers
+costing
+costive
+costless
+costlier
+costly
+costmary
+costrel
+costrels
+costs
+costume
+costumed
+costumer
+costumes
+costumey
+cosy
+cosying
+cot
+cotan
+cotans
+cote
+coteau
+coteaux
+coted
+cotenant
+coterie
+coteries
+cotes
+cothurn
+cothurni
+cothurns
+cotidal
+cotillon
+coting
+cotquean
+cots
+cotta
+cottae
+cottage
+cottager
+cottages
+cottagey
+cottar
+cottars
+cottas
+cotter
+cottered
+cotters
+cottier
+cottiers
+cotton
+cottoned
+cottons
+cottony
+cotyloid
+cotype
+cotypes
+couch
+couchant
+couched
+coucher
+couchers
+couches
+couching
+coude
+cougar
+cougars
+cough
+coughed
+cougher
+coughers
+coughing
+coughs
+could
+couldest
+couldst
+coulee
+coulees
+coulis
+coulises
+coulisse
+couloir
+couloirs
+coulomb
+coulombs
+coulter
+coulters
+coumaric
+coumarin
+coumarou
+council
+councils
+counsel
+counsels
+count
+counted
+counter
+counters
+countess
+countian
+counties
+counting
+country
+counts
+county
+coup
+coupe
+couped
+coupes
+couping
+couple
+coupled
+coupler
+couplers
+couples
+couplet
+couplets
+coupling
+coupon
+coupons
+coups
+courage
+courages
+courant
+courante
+couranto
+courants
+courier
+couriers
+courlan
+courlans
+course
+coursed
+courser
+coursers
+courses
+coursing
+court
+courted
+courter
+courters
+courtesy
+courtier
+courting
+courtly
+courts
+couscous
+cousin
+cousinly
+cousinry
+cousins
+couteau
+couteaux
+couter
+couters
+couth
+couther
+couthest
+couthie
+couthier
+couths
+couture
+coutures
+couvade
+couvades
+covalent
+cove
+coved
+coven
+covenant
+covens
+cover
+coverage
+coverall
+covered
+coverer
+coverers
+covering
+coverlet
+coverlid
+covers
+covert
+covertly
+coverts
+coverup
+coverups
+coves
+covet
+coveted
+coveter
+coveters
+coveting
+covetous
+covets
+covey
+coveys
+covin
+coving
+covings
+covins
+cow
+cowage
+cowages
+coward
+cowardly
+cowards
+cowbane
+cowbanes
+cowbell
+cowbells
+cowberry
+cowbind
+cowbinds
+cowbird
+cowbirds
+cowboy
+cowboys
+cowed
+cowedly
+cower
+cowered
+cowering
+cowers
+cowfish
+cowflap
+cowflaps
+cowflop
+cowflops
+cowgirl
+cowgirls
+cowhage
+cowhages
+cowhand
+cowhands
+cowherb
+cowherbs
+cowherd
+cowherds
+cowhide
+cowhided
+cowhides
+cowier
+cowiest
+cowing
+cowinner
+cowl
+cowled
+cowlick
+cowlicks
+cowling
+cowlings
+cowls
+cowman
+cowmen
+coworker
+cowpat
+cowpats
+cowpea
+cowpeas
+cowpie
+cowpies
+cowplop
+cowplops
+cowpoke
+cowpokes
+cowpox
+cowpoxes
+cowrie
+cowries
+cowrite
+cowrites
+cowrote
+cowry
+cows
+cowshed
+cowsheds
+cowskin
+cowskins
+cowslip
+cowslips
+cowy
+cox
+coxa
+coxae
+coxal
+coxalgia
+coxalgic
+coxalgy
+coxcomb
+coxcombs
+coxed
+coxes
+coxing
+coxitis
+coxswain
+coy
+coydog
+coydogs
+coyed
+coyer
+coyest
+coying
+coyish
+coyly
+coyness
+coyote
+coyotes
+coypou
+coypous
+coypu
+coypus
+coys
+coz
+cozen
+cozenage
+cozened
+cozener
+cozeners
+cozening
+cozens
+cozes
+cozey
+cozeys
+cozie
+cozied
+cozier
+cozies
+coziest
+cozily
+coziness
+cozy
+cozying
+cozzes
+craal
+craaled
+craaling
+craals
+crab
+crabbed
+crabber
+crabbers
+crabbier
+crabbily
+crabbing
+crabby
+crabmeat
+crabs
+crabwise
+crack
+cracked
+cracker
+crackers
+cracking
+crackle
+crackled
+crackles
+crackly
+cracknel
+crackpot
+cracks
+crackup
+crackups
+cracky
+cradle
+cradled
+cradler
+cradlers
+cradles
+cradling
+craft
+crafted
+craftier
+craftily
+crafting
+crafts
+crafty
+crag
+cragged
+craggier
+craggily
+craggy
+crags
+cragsman
+cragsmen
+crake
+crakes
+cram
+crambe
+crambes
+crambo
+cramboes
+crambos
+crammed
+crammer
+crammers
+cramming
+cramoisy
+cramp
+cramped
+cramping
+crampit
+crampits
+crampon
+crampons
+crampoon
+cramps
+crams
+cranch
+cranched
+cranches
+crane
+craned
+cranes
+crania
+cranial
+craniate
+craning
+cranium
+craniums
+crank
+cranked
+cranker
+crankest
+crankier
+crankily
+cranking
+crankish
+crankle
+crankled
+crankles
+crankly
+crankous
+crankpin
+cranks
+cranky
+crannied
+crannies
+crannog
+crannoge
+crannogs
+cranny
+crap
+crape
+craped
+crapes
+craping
+crapped
+crapper
+crappers
+crappie
+crappier
+crappies
+crapping
+crappy
+craps
+crases
+crash
+crashed
+crasher
+crashers
+crashes
+crashing
+crasis
+crass
+crasser
+crassest
+crassly
+cratch
+cratches
+crate
+crated
+crater
+cratered
+craters
+crates
+crating
+craton
+cratonic
+cratons
+craunch
+cravat
+cravats
+crave
+craved
+craven
+cravened
+cravenly
+cravens
+craver
+cravers
+craves
+craving
+cravings
+craw
+crawdad
+crawdads
+crawfish
+crawl
+crawled
+crawler
+crawlers
+crawlier
+crawling
+crawls
+crawlway
+crawly
+craws
+crayfish
+crayon
+crayoned
+crayons
+craze
+crazed
+crazes
+crazier
+crazies
+craziest
+crazily
+crazing
+crazy
+creak
+creaked
+creakier
+creakily
+creaking
+creaks
+creaky
+cream
+creamed
+creamer
+creamers
+creamery
+creamier
+creamily
+creaming
+creams
+creamy
+crease
+creased
+creaser
+creasers
+creases
+creasier
+creasing
+creasy
+create
+created
+creates
+creatin
+creatine
+creating
+creatins
+creation
+creative
+creator
+creators
+creature
+creche
+creches
+credal
+credence
+credenda
+credent
+credenza
+credible
+credibly
+credit
+credited
+creditor
+credits
+credo
+credos
+creed
+creedal
+creeds
+creek
+creeks
+creel
+creeled
+creeling
+creels
+creep
+creepage
+creeper
+creepers
+creepie
+creepier
+creepies
+creepily
+creeping
+creeps
+creepy
+creese
+creeses
+creesh
+creeshed
+creeshes
+cremains
+cremate
+cremated
+cremates
+cremator
+creme
+cremes
+crenate
+crenated
+crenel
+creneled
+crenelle
+crenels
+creodont
+creole
+creoles
+creolise
+creolize
+creosol
+creosols
+creosote
+crepe
+creped
+crepes
+crepey
+crepier
+crepiest
+creping
+crepon
+crepons
+crept
+crepy
+crescent
+crescive
+cresol
+cresols
+cress
+cresses
+cresset
+cressets
+crest
+crestal
+crested
+cresting
+crests
+cresyl
+cresylic
+cresyls
+cretic
+cretics
+cretin
+cretins
+cretonne
+crevalle
+crevasse
+crevice
+creviced
+crevices
+crew
+crewed
+crewel
+crewels
+crewing
+crewless
+crewman
+crewmate
+crewmen
+crewneck
+crews
+crib
+cribbage
+cribbed
+cribber
+cribbers
+cribbing
+cribbled
+cribrous
+cribs
+cribwork
+cricetid
+crick
+cricked
+cricket
+crickets
+crickey
+cricking
+cricks
+cricoid
+cricoids
+cried
+crier
+criers
+cries
+crikey
+crime
+crimes
+criminal
+crimmer
+crimmers
+crimp
+crimped
+crimper
+crimpers
+crimpier
+crimping
+crimple
+crimpled
+crimples
+crimps
+crimpy
+crimson
+crimsons
+cringe
+cringed
+cringer
+cringers
+cringes
+cringing
+cringle
+cringles
+crinite
+crinites
+crinkle
+crinkled
+crinkles
+crinkly
+crinoid
+crinoids
+crinum
+crinums
+criollo
+criollos
+cripe
+cripes
+cripple
+crippled
+crippler
+cripples
+cris
+crises
+crisic
+crisis
+crisp
+crispate
+crisped
+crispen
+crispens
+crisper
+crispers
+crispest
+crispier
+crispily
+crisping
+crisply
+crisps
+crispy
+crissa
+crissal
+crissum
+crista
+cristae
+cristate
+criteria
+critic
+critical
+critics
+critique
+critter
+critters
+crittur
+critturs
+croak
+croaked
+croaker
+croakers
+croakier
+croakily
+croaking
+croaks
+croaky
+croc
+crocein
+croceine
+croceins
+crochet
+crochets
+croci
+crocine
+crock
+crocked
+crockery
+crocket
+crockets
+crocking
+crocks
+crocoite
+crocs
+crocus
+crocuses
+croft
+crofter
+crofters
+crofts
+crojik
+crojiks
+cromlech
+crone
+crones
+cronies
+crony
+cronyism
+crook
+crooked
+crookery
+crooking
+crooks
+croon
+crooned
+crooner
+crooners
+crooning
+croons
+crop
+cropland
+cropless
+cropped
+cropper
+croppers
+croppie
+croppies
+cropping
+crops
+croquet
+croquets
+croquis
+crore
+crores
+crosier
+crosiers
+cross
+crossarm
+crossbar
+crossbow
+crosscut
+crosse
+crossed
+crosser
+crossers
+crosses
+crossest
+crossing
+crosslet
+crossly
+crosstie
+crossway
+crotch
+crotched
+crotches
+crotchet
+croton
+crotons
+crouch
+crouched
+crouches
+croup
+croupe
+croupes
+croupier
+croupily
+croupous
+croups
+croupy
+crouse
+crousely
+crouton
+croutons
+crow
+crowbar
+crowbars
+crowd
+crowded
+crowder
+crowders
+crowdie
+crowdies
+crowding
+crowds
+crowdy
+crowed
+crower
+crowers
+crowfeet
+crowfoot
+crowing
+crown
+crowned
+crowner
+crowners
+crownet
+crownets
+crowning
+crowns
+crows
+crowstep
+croze
+crozer
+crozers
+crozes
+crozier
+croziers
+cruces
+crucial
+crucian
+crucians
+cruciate
+crucible
+crucifer
+crucifix
+crucify
+cruck
+crucks
+crud
+crudded
+cruddier
+crudding
+cruddy
+crude
+crudely
+cruder
+crudes
+crudest
+crudites
+crudity
+cruds
+cruel
+crueler
+cruelest
+crueller
+cruelly
+cruelty
+cruet
+cruets
+cruise
+cruised
+cruiser
+cruisers
+cruises
+cruising
+cruller
+crullers
+crumb
+crumbed
+crumber
+crumbers
+crumbier
+crumbing
+crumble
+crumbled
+crumbles
+crumbly
+crumbs
+crumbum
+crumbums
+crumby
+crumhorn
+crummie
+crummier
+crummies
+crummy
+crump
+crumped
+crumpet
+crumpets
+crumping
+crumple
+crumpled
+crumples
+crumply
+crumps
+crunch
+crunched
+cruncher
+crunches
+crunchy
+crunodal
+crunode
+crunodes
+cruor
+cruors
+crupper
+cruppers
+crura
+crural
+crus
+crusade
+crusaded
+crusader
+crusades
+crusado
+crusados
+cruse
+cruses
+cruset
+crusets
+crush
+crushed
+crusher
+crushers
+crushes
+crushing
+crusily
+crust
+crustal
+crusted
+crustier
+crustily
+crusting
+crustose
+crusts
+crusty
+crutch
+crutched
+crutches
+crux
+cruxes
+cruzado
+cruzados
+cruzeiro
+crwth
+crwths
+cry
+crybaby
+crying
+cryingly
+cryogen
+cryogens
+cryogeny
+cryolite
+cryonic
+cryonics
+cryostat
+cryotron
+crypt
+cryptal
+cryptic
+crypto
+cryptos
+crypts
+crystal
+crystals
+ctenidia
+ctenoid
+cub
+cubage
+cubages
+cubature
+cubbies
+cubbish
+cubby
+cube
+cubeb
+cubebs
+cubed
+cuber
+cubers
+cubes
+cubic
+cubical
+cubicity
+cubicle
+cubicles
+cubicly
+cubics
+cubicula
+cubiform
+cubing
+cubism
+cubisms
+cubist
+cubistic
+cubists
+cubit
+cubital
+cubits
+cuboid
+cuboidal
+cuboids
+cubs
+cuckold
+cuckolds
+cuckoo
+cuckooed
+cuckoos
+cucumber
+cucurbit
+cud
+cudbear
+cudbears
+cuddie
+cuddies
+cuddle
+cuddled
+cuddler
+cuddlers
+cuddles
+cuddlier
+cuddling
+cuddly
+cuddy
+cudgel
+cudgeled
+cudgeler
+cudgels
+cuds
+cudweed
+cudweeds
+cue
+cued
+cueing
+cues
+cuesta
+cuestas
+cuff
+cuffed
+cuffing
+cuffless
+cuffs
+cuif
+cuifs
+cuing
+cuirass
+cuish
+cuishes
+cuisine
+cuisines
+cuisse
+cuisses
+cuittle
+cuittled
+cuittles
+cuke
+cukes
+culch
+culches
+culet
+culets
+culex
+culices
+culicid
+culicids
+culicine
+culinary
+cull
+cullay
+cullays
+culled
+culler
+cullers
+cullet
+cullets
+cullied
+cullies
+culling
+cullion
+cullions
+cullis
+cullises
+culls
+cully
+cullying
+culm
+culmed
+culming
+culms
+culotte
+culottes
+culpa
+culpable
+culpably
+culpae
+culprit
+culprits
+cult
+cultch
+cultches
+culti
+cultic
+cultigen
+cultish
+cultism
+cultisms
+cultist
+cultists
+cultivar
+cultlike
+cultrate
+cults
+cultural
+culture
+cultured
+cultures
+cultus
+cultuses
+culver
+culverin
+culvers
+culvert
+culverts
+cum
+cumarin
+cumarins
+cumber
+cumbered
+cumberer
+cumbers
+cumbrous
+cumin
+cumins
+cummer
+cummers
+cummin
+cummins
+cumquat
+cumquats
+cumshaw
+cumshaws
+cumulate
+cumuli
+cumulous
+cumulus
+cundum
+cundums
+cuneal
+cuneate
+cuneated
+cuneatic
+cuniform
+cunner
+cunners
+cunning
+cunnings
+cunt
+cunts
+cup
+cupboard
+cupcake
+cupcakes
+cupel
+cupeled
+cupeler
+cupelers
+cupeling
+cupelled
+cupeller
+cupels
+cupful
+cupfuls
+cupid
+cupidity
+cupids
+cuplike
+cupola
+cupolaed
+cupolas
+cuppa
+cuppas
+cupped
+cupper
+cuppers
+cuppier
+cuppiest
+cupping
+cuppings
+cuppy
+cupreous
+cupric
+cuprite
+cuprites
+cuprous
+cuprum
+cuprums
+cups
+cupsful
+cupula
+cupulae
+cupular
+cupulate
+cupule
+cupules
+cur
+curable
+curably
+curacao
+curacaos
+curacies
+curacoa
+curacoas
+curacy
+curagh
+curaghs
+curara
+curaras
+curare
+curares
+curari
+curarine
+curaris
+curarize
+curassow
+curate
+curated
+curates
+curating
+curative
+curator
+curators
+curb
+curbable
+curbed
+curber
+curbers
+curbing
+curbings
+curbs
+curbside
+curch
+curches
+curculio
+curcuma
+curcumas
+curd
+curded
+curdier
+curdiest
+curding
+curdle
+curdled
+curdler
+curdlers
+curdles
+curdling
+curds
+curdy
+cure
+cured
+cureless
+curer
+curers
+cures
+curet
+curets
+curette
+curetted
+curettes
+curf
+curfew
+curfews
+curfs
+curia
+curiae
+curial
+curie
+curies
+curing
+curio
+curios
+curiosa
+curious
+curite
+curites
+curium
+curiums
+curl
+curled
+curler
+curlers
+curlew
+curlews
+curlicue
+curlier
+curliest
+curlily
+curling
+curlings
+curls
+curly
+curlycue
+curn
+curns
+curr
+currach
+currachs
+curragh
+curraghs
+curran
+currans
+currant
+currants
+curred
+currency
+current
+currents
+curricle
+currie
+curried
+currier
+curriers
+curriery
+curries
+curring
+currish
+currs
+curry
+currying
+curs
+curse
+cursed
+curseder
+cursedly
+curser
+cursers
+curses
+cursing
+cursive
+cursives
+cursor
+cursors
+cursory
+curst
+curt
+curtail
+curtails
+curtain
+curtains
+curtal
+curtalax
+curtals
+curtate
+curter
+curtest
+curtesy
+curtly
+curtness
+curtsey
+curtseys
+curtsied
+curtsies
+curtsy
+curule
+curve
+curved
+curvedly
+curves
+curvet
+curveted
+curvets
+curvey
+curvier
+curviest
+curving
+curvy
+cuscus
+cuscuses
+cusec
+cusecs
+cushat
+cushats
+cushaw
+cushaws
+cushier
+cushiest
+cushily
+cushion
+cushions
+cushiony
+cushy
+cusk
+cusks
+cusp
+cuspate
+cuspated
+cusped
+cuspid
+cuspidal
+cuspides
+cuspidor
+cuspids
+cuspis
+cusps
+cuss
+cussed
+cussedly
+cusser
+cussers
+cusses
+cussing
+cusso
+cussos
+cussword
+custard
+custards
+custardy
+custodes
+custody
+custom
+customer
+customs
+custos
+custumal
+cut
+cutaway
+cutaways
+cutback
+cutbacks
+cutbank
+cutbanks
+cutch
+cutchery
+cutches
+cutdown
+cutdowns
+cute
+cutely
+cuteness
+cuter
+cutes
+cutesie
+cutesier
+cutest
+cutesy
+cutey
+cuteys
+cutgrass
+cuticle
+cuticles
+cuticula
+cutie
+cuties
+cutin
+cutinise
+cutinize
+cutins
+cutis
+cutises
+cutlas
+cutlases
+cutlass
+cutler
+cutlers
+cutlery
+cutlet
+cutlets
+cutline
+cutlines
+cutoff
+cutoffs
+cutout
+cutouts
+cutover
+cutovers
+cutpurse
+cuts
+cuttable
+cuttage
+cuttages
+cutter
+cutters
+cutties
+cutting
+cuttings
+cuttle
+cuttled
+cuttles
+cuttling
+cutty
+cutup
+cutups
+cutwater
+cutwork
+cutworks
+cutworm
+cutworms
+cuvette
+cuvettes
+cwm
+cwms
+cyan
+cyanamid
+cyanate
+cyanates
+cyanic
+cyanid
+cyanide
+cyanided
+cyanides
+cyanids
+cyanin
+cyanine
+cyanines
+cyanins
+cyanite
+cyanites
+cyanitic
+cyano
+cyanogen
+cyanosed
+cyanoses
+cyanosis
+cyanotic
+cyans
+cyborg
+cyborgs
+cycad
+cycads
+cycas
+cycases
+cycasin
+cycasins
+cyclamen
+cyclase
+cyclases
+cycle
+cyclecar
+cycled
+cycler
+cyclers
+cyclery
+cycles
+cyclic
+cyclical
+cyclicly
+cycling
+cyclings
+cyclist
+cyclists
+cyclitol
+cyclize
+cyclized
+cyclizes
+cyclo
+cycloid
+cycloids
+cyclonal
+cyclone
+cyclones
+cyclonic
+cyclops
+cyclos
+cycloses
+cyclosis
+cyder
+cyders
+cyeses
+cyesis
+cygnet
+cygnets
+cylices
+cylinder
+cylix
+cyma
+cymae
+cymar
+cymars
+cymas
+cymatia
+cymatium
+cymbal
+cymbaler
+cymbalom
+cymbals
+cymbidia
+cymbling
+cyme
+cymene
+cymenes
+cymes
+cymlin
+cymling
+cymlings
+cymlins
+cymogene
+cymoid
+cymol
+cymols
+cymose
+cymosely
+cymous
+cynic
+cynical
+cynicism
+cynics
+cynosure
+cypher
+cyphered
+cyphers
+cypres
+cypreses
+cypress
+cyprian
+cyprians
+cyprinid
+cyprus
+cypruses
+cypsela
+cypselae
+cyst
+cystein
+cysteine
+cysteins
+cystic
+cystine
+cystines
+cystitis
+cystoid
+cystoids
+cysts
+cytaster
+cytidine
+cytogeny
+cytokine
+cytology
+cyton
+cytons
+cytosine
+cytosol
+cytosols
+czar
+czardas
+czardom
+czardoms
+czarevna
+czarina
+czarinas
+czarism
+czarisms
+czarist
+czarists
+czaritza
+czars
+dab
+dabbed
+dabber
+dabbers
+dabbing
+dabble
+dabbled
+dabbler
+dabblers
+dabbles
+dabbling
+dabchick
+dabs
+dabster
+dabsters
+dace
+daces
+dacha
+dachas
+dacker
+dackered
+dackers
+dacoit
+dacoits
+dacoity
+dactyl
+dactyli
+dactylic
+dactyls
+dactylus
+dad
+dada
+dadaism
+dadaisms
+dadaist
+dadaists
+dadas
+daddies
+daddle
+daddled
+daddles
+daddling
+daddy
+dado
+dadoed
+dadoes
+dadoing
+dados
+dads
+daedal
+daemon
+daemonic
+daemons
+daff
+daffed
+daffier
+daffiest
+daffily
+daffing
+daffodil
+daffs
+daffy
+daft
+dafter
+daftest
+daftly
+daftness
+dag
+dagga
+daggas
+dagger
+daggered
+daggers
+daggle
+daggled
+daggles
+daggling
+daglock
+daglocks
+dago
+dagoba
+dagobas
+dagoes
+dagos
+dags
+dagwood
+dagwoods
+dah
+dahabeah
+dahabiah
+dahabieh
+dahabiya
+dahl
+dahlia
+dahlias
+dahls
+dahoon
+dahoons
+dahs
+daiker
+daikered
+daikers
+daikon
+daikons
+dailies
+daily
+daimen
+daimio
+daimios
+daimon
+daimones
+daimonic
+daimons
+daimyo
+daimyos
+daintier
+dainties
+daintily
+dainty
+daiquiri
+dairies
+dairy
+dairying
+dairyman
+dairymen
+dais
+daises
+daishiki
+daisied
+daisies
+daisy
+dak
+dakerhen
+dakoit
+dakoits
+dakoity
+daks
+dal
+dalapon
+dalapons
+dalasi
+dalasis
+dale
+daledh
+daledhs
+dales
+dalesman
+dalesmen
+daleth
+daleths
+dalles
+dallied
+dallier
+dalliers
+dallies
+dally
+dallying
+dalmatic
+dals
+dalton
+daltonic
+daltons
+dam
+damage
+damaged
+damager
+damagers
+damages
+damaging
+daman
+damans
+damar
+damars
+damask
+damasked
+damasks
+dame
+dames
+damewort
+dammar
+dammars
+dammed
+dammer
+dammers
+damming
+damn
+damnable
+damnably
+damndest
+damned
+damneder
+damner
+damners
+damnify
+damning
+damns
+damosel
+damosels
+damozel
+damozels
+damp
+damped
+dampen
+dampened
+dampener
+dampens
+damper
+dampers
+dampest
+damping
+dampings
+dampish
+damply
+dampness
+damps
+dams
+damsel
+damsels
+damson
+damsons
+dance
+danced
+dancer
+dancers
+dances
+dancing
+dander
+dandered
+danders
+dandier
+dandies
+dandiest
+dandify
+dandily
+dandle
+dandled
+dandler
+dandlers
+dandles
+dandling
+dandriff
+dandruff
+dandy
+dandyish
+dandyism
+danegeld
+daneweed
+danewort
+dang
+danged
+danger
+dangered
+dangers
+danging
+dangle
+dangled
+dangler
+danglers
+dangles
+dangling
+dangs
+danio
+danios
+danish
+dank
+danker
+dankest
+dankly
+dankness
+danseur
+danseurs
+danseuse
+dap
+daphne
+daphnes
+daphnia
+daphnias
+dapped
+dapper
+dapperer
+dapperly
+dapping
+dapple
+dappled
+dapples
+dappling
+daps
+dapsone
+dapsones
+darb
+darbies
+darbs
+dare
+dared
+dareful
+darer
+darers
+dares
+daresay
+daric
+darics
+daring
+daringly
+darings
+dariole
+darioles
+dark
+darked
+darken
+darkened
+darkener
+darkens
+darker
+darkest
+darkey
+darkeys
+darkie
+darkies
+darking
+darkish
+darkle
+darkled
+darkles
+darklier
+darkling
+darkly
+darkness
+darkroom
+darks
+darksome
+darky
+darling
+darlings
+darn
+darndest
+darned
+darneder
+darnel
+darnels
+darner
+darners
+darning
+darnings
+darns
+darshan
+darshans
+dart
+darted
+darter
+darters
+darting
+dartle
+dartled
+dartles
+dartling
+darts
+dash
+dashed
+dasheen
+dasheens
+dasher
+dashers
+dashes
+dashi
+dashier
+dashiest
+dashiki
+dashikis
+dashing
+dashis
+dashpot
+dashpots
+dashy
+dassie
+dassies
+dastard
+dastards
+dasyure
+dasyures
+data
+databank
+database
+datable
+dataries
+datary
+datcha
+datchas
+date
+dateable
+dated
+datedly
+dateless
+dateline
+dater
+daters
+dates
+dating
+datival
+dative
+datively
+datives
+dato
+datos
+datto
+dattos
+datum
+datums
+datura
+daturas
+daturic
+daub
+daube
+daubed
+dauber
+daubers
+daubery
+daubes
+daubier
+daubiest
+daubing
+daubries
+daubry
+daubs
+dauby
+daughter
+daunder
+daunders
+daunt
+daunted
+daunter
+daunters
+daunting
+daunts
+dauphin
+dauphine
+dauphins
+daut
+dauted
+dautie
+dauties
+dauting
+dauts
+daven
+davened
+davening
+davens
+davies
+davit
+davits
+davy
+daw
+dawdle
+dawdled
+dawdler
+dawdlers
+dawdles
+dawdling
+dawed
+dawen
+dawing
+dawk
+dawks
+dawn
+dawned
+dawning
+dawnlike
+dawns
+daws
+dawt
+dawted
+dawtie
+dawties
+dawting
+dawts
+day
+daybed
+daybeds
+daybook
+daybooks
+daybreak
+daydream
+dayflies
+dayfly
+dayglow
+dayglows
+daylight
+daylily
+daylit
+daylong
+daymare
+daymares
+dayroom
+dayrooms
+days
+dayside
+daysides
+daysman
+daysmen
+daystar
+daystars
+daytime
+daytimes
+daywork
+dayworks
+daze
+dazed
+dazedly
+dazes
+dazing
+dazzle
+dazzled
+dazzler
+dazzlers
+dazzles
+dazzling
+de
+deacon
+deaconed
+deaconry
+deacons
+dead
+deadbeat
+deadbolt
+deaden
+deadened
+deadener
+deadens
+deader
+deadest
+deadeye
+deadeyes
+deadfall
+deadhead
+deadlier
+deadlift
+deadline
+deadlock
+deadly
+deadness
+deadpan
+deadpans
+deads
+deadwood
+deaerate
+deaf
+deafen
+deafened
+deafens
+deafer
+deafest
+deafish
+deafly
+deafness
+deair
+deaired
+deairing
+deairs
+deal
+dealate
+dealated
+dealates
+dealer
+dealers
+dealfish
+dealing
+dealings
+deals
+dealt
+dean
+deaned
+deanery
+deaning
+deans
+deanship
+dear
+dearer
+dearest
+dearie
+dearies
+dearly
+dearness
+dears
+dearth
+dearths
+deary
+deash
+deashed
+deashes
+deashing
+deasil
+death
+deathbed
+deathcup
+deathful
+deathly
+deaths
+deathy
+deave
+deaved
+deaves
+deaving
+deb
+debacle
+debacles
+debar
+debark
+debarked
+debarks
+debarred
+debars
+debase
+debased
+debaser
+debasers
+debases
+debasing
+debate
+debated
+debater
+debaters
+debates
+debating
+debauch
+debeak
+debeaked
+debeaks
+debility
+debit
+debited
+debiting
+debits
+debonair
+debone
+deboned
+deboner
+deboners
+debones
+deboning
+debouch
+debouche
+debride
+debrided
+debrides
+debrief
+debriefs
+debris
+debruise
+debs
+debt
+debtless
+debtor
+debtors
+debts
+debug
+debugged
+debugger
+debugs
+debunk
+debunked
+debunker
+debunks
+debut
+debutant
+debuted
+debuting
+debuts
+debye
+debyes
+decadal
+decade
+decadent
+decades
+decaf
+decafs
+decagon
+decagons
+decagram
+decal
+decalog
+decalogs
+decals
+decamp
+decamped
+decamps
+decanal
+decane
+decanes
+decant
+decanted
+decanter
+decants
+decapod
+decapods
+decare
+decares
+decay
+decayed
+decayer
+decayers
+decaying
+decays
+decease
+deceased
+deceases
+decedent
+deceit
+deceits
+deceive
+deceived
+deceiver
+deceives
+decemvir
+decenary
+decency
+decennia
+decent
+decenter
+decently
+decentre
+decern
+decerned
+decerns
+deciare
+deciares
+decibel
+decibels
+decide
+decided
+decider
+deciders
+decides
+deciding
+decidua
+deciduae
+decidual
+deciduas
+decigram
+decile
+deciles
+decimal
+decimals
+decimate
+decipher
+decision
+decisive
+deck
+decked
+deckel
+deckels
+decker
+deckers
+deckhand
+decking
+deckings
+deckle
+deckles
+decks
+declaim
+declaims
+declare
+declared
+declarer
+declares
+declass
+declasse
+declaw
+declawed
+declaws
+decline
+declined
+decliner
+declines
+deco
+decoct
+decocted
+decocts
+decode
+decoded
+decoder
+decoders
+decodes
+decoding
+decolor
+decolors
+decolour
+decor
+decorate
+decorous
+decors
+decorum
+decorums
+decos
+decouple
+decoy
+decoyed
+decoyer
+decoyers
+decoying
+decoys
+decrease
+decree
+decreed
+decreer
+decreers
+decrees
+decrepit
+decretal
+decrial
+decrials
+decried
+decrier
+decriers
+decries
+decrown
+decrowns
+decry
+decrying
+decrypt
+decrypts
+decuman
+decuple
+decupled
+decuples
+decuries
+decurion
+decurve
+decurved
+decurves
+decury
+dedal
+dedans
+dedicate
+deduce
+deduced
+deduces
+deducing
+deduct
+deducted
+deducts
+dee
+deed
+deeded
+deedier
+deediest
+deeding
+deedless
+deeds
+deedy
+deejay
+deejays
+deem
+deemed
+deeming
+deems
+deemster
+deep
+deepen
+deepened
+deepener
+deepens
+deeper
+deepest
+deeply
+deepness
+deeps
+deer
+deerfly
+deerlike
+deers
+deerskin
+deerweed
+deeryard
+dees
+deet
+deets
+deewan
+deewans
+deface
+defaced
+defacer
+defacers
+defaces
+defacing
+defame
+defamed
+defamer
+defamers
+defames
+defaming
+defang
+defanged
+defangs
+defat
+defats
+defatted
+default
+defaults
+defeat
+defeated
+defeater
+defeats
+defecate
+defect
+defected
+defector
+defects
+defence
+defences
+defend
+defended
+defender
+defends
+defense
+defensed
+defenses
+defer
+deferent
+deferral
+deferred
+deferrer
+defers
+defi
+defiance
+defiant
+deficit
+deficits
+defied
+defier
+defiers
+defies
+defilade
+defile
+defiled
+defiler
+defilers
+defiles
+defiling
+define
+defined
+definer
+definers
+defines
+defining
+definite
+defis
+deflate
+deflated
+deflater
+deflates
+deflator
+deflea
+defleaed
+defleas
+deflect
+deflects
+deflexed
+deflower
+defoam
+defoamed
+defoamer
+defoams
+defocus
+defog
+defogged
+defogger
+defogs
+deforce
+deforced
+deforces
+deforest
+deform
+deformed
+deformer
+deforms
+defraud
+defrauds
+defray
+defrayal
+defrayed
+defrayer
+defrays
+defrock
+defrocks
+defrost
+defrosts
+deft
+defter
+deftest
+deftly
+deftness
+defunct
+defund
+defunded
+defunds
+defuse
+defused
+defuses
+defusing
+defuze
+defuzed
+defuzes
+defuzing
+defy
+defying
+degage
+degame
+degames
+degami
+degamis
+degas
+degases
+degassed
+degasser
+degasses
+degauss
+degerm
+degermed
+degerms
+deglaze
+deglazed
+deglazes
+degrade
+degraded
+degrader
+degrades
+degrease
+degree
+degreed
+degrees
+degum
+degummed
+degums
+degust
+degusted
+degusts
+dehisce
+dehisced
+dehisces
+dehorn
+dehorned
+dehorner
+dehorns
+dehort
+dehorted
+dehorts
+deice
+deiced
+deicer
+deicers
+deices
+deicidal
+deicide
+deicides
+deicing
+deictic
+deific
+deifical
+deified
+deifier
+deifiers
+deifies
+deiform
+deify
+deifying
+deign
+deigned
+deigning
+deigns
+deil
+deils
+deionize
+deism
+deisms
+deist
+deistic
+deists
+deities
+deity
+deixis
+deixises
+deject
+dejecta
+dejected
+dejects
+dejeuner
+dekagram
+dekare
+dekares
+deke
+deked
+dekes
+deking
+dekko
+dekkos
+del
+delaine
+delaines
+delate
+delated
+delates
+delating
+delation
+delator
+delators
+delay
+delayed
+delayer
+delayers
+delaying
+delays
+dele
+delead
+deleaded
+deleads
+deleave
+deleaved
+deleaves
+deled
+delegacy
+delegate
+deleing
+deles
+delete
+deleted
+deletes
+deleting
+deletion
+delf
+delfs
+delft
+delfts
+deli
+delicacy
+delicate
+delict
+delicts
+delight
+delights
+delime
+delimed
+delimes
+deliming
+delimit
+delimits
+deliria
+delirium
+delis
+delist
+delisted
+delists
+deliver
+delivers
+delivery
+dell
+dellies
+dells
+delly
+delouse
+deloused
+delouser
+delouses
+delphic
+dels
+delta
+deltaic
+deltas
+deltic
+deltoid
+deltoids
+delude
+deluded
+deluder
+deluders
+deludes
+deluding
+deluge
+deluged
+deluges
+deluging
+delusion
+delusive
+delusory
+deluster
+deluxe
+delve
+delved
+delver
+delvers
+delves
+delving
+demagog
+demagogs
+demagogy
+demand
+demanded
+demander
+demands
+demarche
+demark
+demarked
+demarks
+demast
+demasted
+demasts
+deme
+demean
+demeaned
+demeanor
+demeans
+dement
+demented
+dementia
+dements
+demerara
+demerge
+demerged
+demerger
+demerges
+demerit
+demerits
+demersal
+demes
+demesne
+demesnes
+demeton
+demetons
+demies
+demigod
+demigods
+demijohn
+demilune
+demirep
+demireps
+demise
+demised
+demises
+demising
+demit
+demits
+demitted
+demiurge
+demivolt
+demo
+demob
+demobbed
+demobs
+democrat
+demode
+demoded
+demolish
+demon
+demoness
+demoniac
+demonian
+demonic
+demonise
+demonism
+demonist
+demonize
+demons
+demos
+demoses
+demote
+demoted
+demotes
+demotic
+demotics
+demoting
+demotion
+demotist
+demount
+demounts
+dempster
+demur
+demure
+demurely
+demurer
+demurest
+demurral
+demurred
+demurrer
+demurs
+demy
+den
+denarii
+denarius
+denary
+denature
+denazify
+dendrite
+dendroid
+dendron
+dendrons
+dene
+denes
+dengue
+dengues
+deniable
+deniably
+denial
+denials
+denied
+denier
+deniers
+denies
+denim
+denims
+denizen
+denizens
+denned
+denning
+denote
+denoted
+denotes
+denoting
+denotive
+denounce
+dens
+dense
+densely
+denser
+densest
+densify
+density
+dent
+dental
+dentalia
+dentally
+dentals
+dentate
+dentated
+dented
+denticle
+dentil
+dentiled
+dentils
+dentin
+dentinal
+dentine
+dentines
+denting
+dentins
+dentist
+dentists
+dentoid
+dents
+dentural
+denture
+dentures
+denudate
+denude
+denuded
+denuder
+denuders
+denudes
+denuding
+deny
+denying
+deodand
+deodands
+deodar
+deodara
+deodaras
+deodars
+deontic
+deorbit
+deorbits
+deoxy
+depaint
+depaints
+depart
+departed
+departee
+departs
+depend
+depended
+depends
+deperm
+depermed
+deperms
+depict
+depicted
+depicter
+depictor
+depicts
+depilate
+deplane
+deplaned
+deplanes
+deplete
+depleted
+depletes
+deplore
+deplored
+deplorer
+deplores
+deploy
+deployed
+deploys
+deplume
+deplumed
+deplumes
+depolish
+depone
+deponed
+deponent
+depones
+deponing
+deport
+deported
+deportee
+deports
+deposal
+deposals
+depose
+deposed
+deposer
+deposers
+deposes
+deposing
+deposit
+deposits
+depot
+depots
+deprave
+depraved
+depraver
+depraves
+depress
+deprival
+deprive
+deprived
+depriver
+deprives
+depside
+depsides
+depth
+depths
+depurate
+depute
+deputed
+deputes
+deputies
+deputing
+deputize
+deputy
+deraign
+deraigns
+derail
+derailed
+derails
+derange
+deranged
+deranges
+derat
+derate
+derated
+derates
+derating
+derats
+deratted
+deray
+derays
+derbies
+derby
+dere
+derelict
+deride
+derided
+derider
+deriders
+derides
+deriding
+deringer
+derision
+derisive
+derisory
+derivate
+derive
+derived
+deriver
+derivers
+derives
+deriving
+derm
+derma
+dermal
+dermas
+dermic
+dermis
+dermises
+dermoid
+dermoids
+derms
+dernier
+derogate
+derrick
+derricks
+derriere
+derries
+derris
+derrises
+derry
+dervish
+desalt
+desalted
+desalter
+desalts
+desand
+desanded
+desands
+descant
+descants
+descend
+descends
+descent
+descents
+describe
+descried
+descrier
+descries
+descry
+deselect
+desert
+deserted
+deserter
+desertic
+deserts
+deserve
+deserved
+deserver
+deserves
+desex
+desexed
+desexes
+desexing
+design
+designed
+designee
+designer
+designs
+desilver
+desinent
+desire
+desired
+desirer
+desirers
+desires
+desiring
+desirous
+desist
+desisted
+desists
+desk
+deskman
+deskmen
+desks
+desktop
+desktops
+desman
+desmans
+desmid
+desmids
+desmoid
+desmoids
+desolate
+desorb
+desorbed
+desorbs
+desoxy
+despair
+despairs
+despatch
+despise
+despised
+despiser
+despises
+despite
+despited
+despites
+despoil
+despoils
+despond
+desponds
+despot
+despotic
+despots
+dessert
+desserts
+destain
+destains
+destine
+destined
+destines
+destiny
+destrier
+destroy
+destroys
+destruct
+desugar
+desugars
+desulfur
+detach
+detached
+detacher
+detaches
+detail
+detailed
+detailer
+details
+detain
+detained
+detainee
+detainer
+detains
+detassel
+detect
+detected
+detecter
+detector
+detects
+detent
+detente
+detentes
+detents
+deter
+deterge
+deterged
+deterger
+deterges
+deterred
+deterrer
+deters
+detest
+detested
+detester
+detests
+dethrone
+detick
+deticked
+deticker
+deticks
+detinue
+detinues
+detonate
+detour
+detoured
+detours
+detox
+detoxed
+detoxes
+detoxify
+detoxing
+detract
+detracts
+detrain
+detrains
+detrital
+detritus
+detrude
+detruded
+detrudes
+deuce
+deuced
+deucedly
+deuces
+deucing
+deuteric
+deuteron
+deutzia
+deutzias
+dev
+deva
+devalue
+devalued
+devalues
+devas
+devein
+deveined
+deveins
+devel
+develed
+develing
+develop
+develope
+develops
+devels
+deverbal
+devest
+devested
+devests
+deviance
+deviancy
+deviant
+deviants
+deviate
+deviated
+deviates
+deviator
+device
+devices
+devil
+deviled
+deviling
+devilish
+devilkin
+devilled
+devilry
+devils
+deviltry
+devious
+devisal
+devisals
+devise
+devised
+devisee
+devisees
+deviser
+devisers
+devises
+devising
+devisor
+devisors
+devoice
+devoiced
+devoices
+devoid
+devoir
+devoirs
+devolve
+devolved
+devolves
+devon
+devons
+devote
+devoted
+devotee
+devotees
+devotes
+devoting
+devotion
+devour
+devoured
+devourer
+devours
+devout
+devouter
+devoutly
+devs
+dew
+dewan
+dewans
+dewar
+dewars
+dewater
+dewaters
+dewax
+dewaxed
+dewaxes
+dewaxing
+dewberry
+dewclaw
+dewclaws
+dewdrop
+dewdrops
+dewed
+dewfall
+dewfalls
+dewier
+dewiest
+dewily
+dewiness
+dewing
+dewlap
+dewlaps
+dewless
+dewool
+dewooled
+dewools
+deworm
+dewormed
+dewormer
+deworms
+dews
+dewy
+dex
+dexes
+dexie
+dexies
+dexter
+dextral
+dextran
+dextrans
+dextrin
+dextrine
+dextrins
+dextro
+dextrose
+dextrous
+dexy
+dey
+deys
+dezinc
+dezinced
+dezincs
+dhak
+dhaks
+dhal
+dhals
+dharma
+dharmas
+dharmic
+dharna
+dharnas
+dhobi
+dhobis
+dhole
+dholes
+dhoolies
+dhooly
+dhoora
+dhooras
+dhooti
+dhootie
+dhooties
+dhootis
+dhoti
+dhotis
+dhourra
+dhourras
+dhow
+dhows
+dhurna
+dhurnas
+dhurrie
+dhurries
+dhuti
+dhutis
+diabase
+diabases
+diabasic
+diabetes
+diabetic
+diablery
+diabolic
+diabolo
+diabolos
+diacetyl
+diacid
+diacidic
+diacids
+diaconal
+diadem
+diademed
+diadems
+diagnose
+diagonal
+diagram
+diagrams
+diagraph
+dial
+dialect
+dialects
+dialed
+dialer
+dialers
+dialing
+dialings
+dialist
+dialists
+diallage
+dialled
+diallel
+dialler
+diallers
+dialling
+diallist
+dialog
+dialoged
+dialoger
+dialogic
+dialogs
+dialogue
+dials
+dialyse
+dialysed
+dialyser
+dialyses
+dialysis
+dialytic
+dialyze
+dialyzed
+dialyzer
+dialyzes
+diamante
+diameter
+diamide
+diamides
+diamin
+diamine
+diamines
+diamins
+diamond
+diamonds
+dianthus
+diapason
+diapause
+diaper
+diapered
+diapers
+diaphone
+diaphony
+diapir
+diapiric
+diapirs
+diapsid
+diarchic
+diarchy
+diaries
+diarist
+diarists
+diarrhea
+diary
+diaspora
+diaspore
+diastase
+diastem
+diastema
+diastems
+diaster
+diasters
+diastole
+diastral
+diatom
+diatomic
+diatoms
+diatonic
+diatribe
+diatron
+diatrons
+diazepam
+diazin
+diazine
+diazines
+diazinon
+diazins
+diazo
+diazole
+diazoles
+dib
+dibasic
+dibbed
+dibber
+dibbers
+dibbing
+dibble
+dibbled
+dibbler
+dibblers
+dibbles
+dibbling
+dibbuk
+dibbukim
+dibbuks
+dibs
+dicast
+dicastic
+dicasts
+dice
+diced
+dicentra
+dicer
+dicers
+dices
+dicey
+dichasia
+dichotic
+dichroic
+dicier
+diciest
+dicing
+dick
+dicked
+dickens
+dicker
+dickered
+dickers
+dickey
+dickeys
+dickie
+dickier
+dickies
+dickiest
+dicking
+dicks
+dicky
+dicliny
+dicot
+dicots
+dicotyl
+dicotyls
+dicrotal
+dicrotic
+dicta
+dictate
+dictated
+dictates
+dictator
+dictier
+dictiest
+diction
+dictions
+dictum
+dictums
+dicty
+dicyclic
+dicycly
+did
+didact
+didactic
+didacts
+didactyl
+didapper
+diddle
+diddled
+diddler
+diddlers
+diddles
+diddley
+diddleys
+diddlies
+diddling
+diddly
+didie
+didies
+dido
+didoes
+didos
+didst
+didy
+didymium
+didymous
+didynamy
+die
+dieback
+diebacks
+diecious
+died
+diehard
+diehards
+dieing
+diel
+dieldrin
+diemaker
+diene
+dienes
+diereses
+dieresis
+dieretic
+dies
+diesel
+dieseled
+diesels
+dieses
+diesis
+diester
+diesters
+diestock
+diestrum
+diestrus
+diet
+dietary
+dieted
+dieter
+dieters
+dietetic
+diether
+diethers
+dieting
+diets
+differ
+differed
+differs
+diffract
+diffuse
+diffused
+diffuser
+diffuses
+diffusor
+dig
+digamies
+digamist
+digamma
+digammas
+digamous
+digamy
+digest
+digested
+digester
+digestor
+digests
+digged
+digger
+diggers
+digging
+diggings
+dight
+dighted
+dighting
+dights
+digit
+digital
+digitals
+digitate
+digitize
+digits
+diglot
+diglots
+dignify
+dignity
+digoxin
+digoxins
+digraph
+digraphs
+digress
+digs
+dihedral
+dihedron
+dihybrid
+dihydric
+dikdik
+dikdiks
+dike
+diked
+diker
+dikers
+dikes
+dikey
+diking
+diktat
+diktats
+dilatant
+dilatate
+dilate
+dilated
+dilater
+dilaters
+dilates
+dilating
+dilation
+dilative
+dilator
+dilators
+dilatory
+dildo
+dildoe
+dildoes
+dildos
+dilemma
+dilemmas
+dilemmic
+diligent
+dill
+dilled
+dillies
+dills
+dilly
+diluent
+diluents
+dilute
+diluted
+diluter
+diluters
+dilutes
+diluting
+dilution
+dilutive
+dilutor
+dilutors
+diluvia
+diluvial
+diluvian
+diluvion
+diluvium
+dim
+dime
+dimer
+dimeric
+dimerism
+dimerize
+dimerous
+dimers
+dimes
+dimeter
+dimeters
+dimethyl
+dimetric
+diminish
+dimities
+dimity
+dimly
+dimmable
+dimmed
+dimmer
+dimmers
+dimmest
+dimming
+dimness
+dimorph
+dimorphs
+dimout
+dimouts
+dimple
+dimpled
+dimples
+dimplier
+dimpling
+dimply
+dims
+dimwit
+dimwits
+din
+dinar
+dinars
+dindle
+dindled
+dindles
+dindling
+dine
+dined
+diner
+dineric
+dinero
+dineros
+diners
+dines
+dinette
+dinettes
+ding
+dingbat
+dingbats
+dingdong
+dinge
+dinged
+dinger
+dingers
+dinges
+dingey
+dingeys
+dinghies
+dinghy
+dingier
+dingies
+dingiest
+dingily
+dinging
+dingle
+dingles
+dingo
+dingoes
+dings
+dingus
+dinguses
+dingy
+dining
+dinitro
+dink
+dinked
+dinkey
+dinkeys
+dinkier
+dinkies
+dinkiest
+dinking
+dinkly
+dinks
+dinkum
+dinkums
+dinky
+dinned
+dinner
+dinners
+dinning
+dinosaur
+dins
+dint
+dinted
+dinting
+dints
+diobol
+diobolon
+diobols
+diocesan
+diocese
+dioceses
+diode
+diodes
+dioecies
+dioecism
+dioecy
+dioicous
+diol
+diolefin
+diols
+diopside
+dioptase
+diopter
+diopters
+dioptral
+dioptre
+dioptres
+dioptric
+diorama
+dioramas
+dioramic
+diorite
+diorites
+dioritic
+dioxan
+dioxane
+dioxanes
+dioxans
+dioxid
+dioxide
+dioxides
+dioxids
+dioxin
+dioxins
+dip
+diphase
+diphasic
+diphenyl
+diplegia
+diplex
+diplexer
+diploe
+diploes
+diploic
+diploid
+diploids
+diploidy
+diploma
+diplomas
+diplomat
+diplont
+diplonts
+diplopia
+diplopic
+diplopod
+diploses
+diplosis
+dipnet
+dipnets
+dipnoan
+dipnoans
+dipodic
+dipodies
+dipody
+dipolar
+dipole
+dipoles
+dippable
+dipped
+dipper
+dippers
+dippier
+dippiest
+dipping
+dippy
+dips
+dipsades
+dipsas
+dipso
+dipsos
+dipstick
+dipt
+diptera
+dipteral
+dipteran
+dipteron
+diptyca
+diptycas
+diptych
+diptychs
+diquat
+diquats
+dirdum
+dirdums
+dire
+direct
+directed
+directer
+directly
+director
+directs
+direful
+direly
+direness
+direr
+direst
+dirge
+dirgeful
+dirges
+dirham
+dirhams
+diriment
+dirk
+dirked
+dirking
+dirks
+dirl
+dirled
+dirling
+dirls
+dirndl
+dirndls
+dirt
+dirtbag
+dirtbags
+dirtied
+dirtier
+dirties
+dirtiest
+dirtily
+dirts
+dirty
+dirtying
+dis
+disable
+disabled
+disables
+disabuse
+disagree
+disallow
+disannul
+disarm
+disarmed
+disarmer
+disarms
+disarray
+disaster
+disavow
+disavows
+disband
+disbands
+disbar
+disbars
+disbosom
+disbound
+disbowel
+disbud
+disbuds
+disburse
+disc
+discant
+discants
+discard
+discards
+discase
+discased
+discases
+disced
+discept
+discepts
+discern
+discerns
+disci
+discing
+disciple
+disclaim
+disclike
+disclose
+disco
+discoed
+discoid
+discoids
+discoing
+discolor
+discord
+discords
+discos
+discount
+discover
+discreet
+discrete
+discrown
+discs
+discus
+discuses
+discuss
+disdain
+disdains
+disease
+diseased
+diseases
+disendow
+diseuse
+diseuses
+disfavor
+disfrock
+disgorge
+disgrace
+disguise
+disgust
+disgusts
+dish
+dished
+dishelm
+dishelms
+disherit
+dishes
+dishevel
+dishful
+dishfuls
+dishier
+dishiest
+dishing
+dishlike
+dishonor
+dishpan
+dishpans
+dishrag
+dishrags
+dishware
+dishy
+disinter
+disject
+disjects
+disjoin
+disjoins
+disjoint
+disjunct
+disk
+disked
+diskette
+disking
+disklike
+disks
+dislike
+disliked
+disliker
+dislikes
+dislimn
+dislimns
+dislodge
+disloyal
+dismal
+dismaler
+dismally
+dismals
+dismast
+dismasts
+dismay
+dismayed
+dismays
+disme
+dismes
+dismiss
+dismount
+disobey
+disobeys
+disomic
+disorder
+disown
+disowned
+disowns
+dispart
+disparts
+dispatch
+dispel
+dispels
+dispend
+dispends
+dispense
+disperse
+dispirit
+displace
+displant
+display
+displays
+displode
+displume
+disport
+disports
+disposal
+dispose
+disposed
+disposer
+disposes
+dispread
+disprize
+disproof
+disprove
+dispute
+disputed
+disputer
+disputes
+disquiet
+disrate
+disrated
+disrates
+disrobe
+disrobed
+disrober
+disrobes
+disroot
+disroots
+disrupt
+disrupts
+diss
+dissave
+dissaved
+dissaves
+disseat
+disseats
+dissect
+dissects
+dissed
+disseise
+disseize
+dissent
+dissents
+dissert
+disserts
+disserve
+disses
+dissever
+dissing
+dissolve
+dissuade
+distaff
+distaffs
+distain
+distains
+distal
+distally
+distance
+distant
+distaste
+distaves
+distend
+distends
+distent
+distich
+distichs
+distil
+distill
+distills
+distils
+distinct
+distome
+distomes
+distort
+distorts
+distract
+distrain
+distrait
+distress
+district
+distrust
+disturb
+disturbs
+disulfid
+disunion
+disunite
+disunity
+disuse
+disused
+disuses
+disusing
+disvalue
+disyoke
+disyoked
+disyokes
+dit
+dita
+ditas
+ditch
+ditched
+ditcher
+ditchers
+ditches
+ditching
+dite
+dites
+ditheism
+ditheist
+dither
+dithered
+ditherer
+dithers
+dithery
+dithiol
+dits
+ditsier
+ditsiest
+ditsy
+dittany
+ditties
+ditto
+dittoed
+dittoing
+dittos
+ditty
+ditz
+ditzes
+ditzier
+ditziest
+ditzy
+diureses
+diuresis
+diuretic
+diurnal
+diurnals
+diuron
+diurons
+diva
+divagate
+divalent
+divan
+divans
+divas
+dive
+divebomb
+dived
+diver
+diverge
+diverged
+diverges
+divers
+diverse
+divert
+diverted
+diverter
+diverts
+dives
+divest
+divested
+divests
+divide
+divided
+dividend
+divider
+dividers
+divides
+dividing
+dividual
+divine
+divined
+divinely
+diviner
+diviners
+divines
+divinest
+diving
+divining
+divinise
+divinity
+divinize
+division
+divisive
+divisor
+divisors
+divorce
+divorced
+divorcee
+divorcer
+divorces
+divot
+divots
+divulge
+divulged
+divulger
+divulges
+divvied
+divvies
+divvy
+divvying
+diwan
+diwans
+dixit
+dixits
+dizen
+dizened
+dizening
+dizens
+dizygous
+dizzied
+dizzier
+dizzies
+dizziest
+dizzily
+dizzy
+dizzying
+djebel
+djebels
+djellaba
+djin
+djinn
+djinni
+djinns
+djinny
+djins
+do
+doable
+doat
+doated
+doating
+doats
+dobber
+dobbers
+dobbies
+dobbin
+dobbins
+dobby
+dobie
+dobies
+dobla
+doblas
+doblon
+doblones
+doblons
+dobra
+dobras
+dobson
+dobsons
+doby
+doc
+docent
+docents
+docetic
+docile
+docilely
+docility
+dock
+dockage
+dockages
+docked
+docker
+dockers
+docket
+docketed
+dockets
+dockhand
+docking
+dockland
+docks
+dockside
+dockyard
+docs
+doctor
+doctoral
+doctored
+doctors
+doctrine
+document
+dodder
+doddered
+dodderer
+dodders
+doddery
+dodge
+dodged
+dodgem
+dodgems
+dodger
+dodgers
+dodgery
+dodges
+dodgier
+dodgiest
+dodging
+dodgy
+dodo
+dodoes
+dodoism
+dodoisms
+dodos
+doe
+doer
+doers
+does
+doeskin
+doeskins
+doest
+doeth
+doff
+doffed
+doffer
+doffers
+doffing
+doffs
+dog
+dogbane
+dogbanes
+dogberry
+dogcart
+dogcarts
+dogdom
+dogdoms
+doge
+dogear
+dogeared
+dogears
+dogedom
+dogedoms
+doges
+dogeship
+dogey
+dogeys
+dogface
+dogfaces
+dogfight
+dogfish
+dogged
+doggedly
+dogger
+doggerel
+doggers
+doggery
+doggie
+doggier
+doggies
+doggiest
+dogging
+doggish
+doggo
+doggone
+doggoned
+doggoner
+doggones
+doggrel
+doggrels
+doggy
+doghouse
+dogie
+dogies
+dogleg
+doglegs
+doglike
+dogma
+dogmas
+dogmata
+dogmatic
+dognap
+dognaped
+dognaper
+dognaps
+dogs
+dogsbody
+dogsled
+dogsleds
+dogteeth
+dogtooth
+dogtrot
+dogtrots
+dogvane
+dogvanes
+dogwatch
+dogwood
+dogwoods
+dogy
+doiled
+doilies
+doily
+doing
+doings
+doit
+doited
+doits
+dojo
+dojos
+dol
+dolce
+dolci
+doldrums
+dole
+doled
+doleful
+dolerite
+doles
+dolesome
+doling
+doll
+dollar
+dollars
+dolled
+dollied
+dollies
+dolling
+dollish
+dollop
+dolloped
+dollops
+dolls
+dolly
+dollying
+dolma
+dolmades
+dolman
+dolmans
+dolmas
+dolmen
+dolmens
+dolomite
+dolor
+doloroso
+dolorous
+dolors
+dolour
+dolours
+dolphin
+dolphins
+dols
+dolt
+doltish
+dolts
+dom
+domain
+domains
+domal
+dome
+domed
+domelike
+domes
+domesday
+domestic
+domic
+domical
+domicil
+domicile
+domicils
+dominant
+dominate
+domine
+domineer
+domines
+doming
+dominick
+dominie
+dominies
+dominion
+dominium
+domino
+dominoes
+dominos
+doms
+don
+dona
+donas
+donate
+donated
+donates
+donating
+donation
+donative
+donator
+donators
+done
+donee
+donees
+doneness
+dong
+donga
+dongas
+dongola
+dongolas
+dongs
+donjon
+donjons
+donkey
+donkeys
+donna
+donnas
+donne
+donned
+donnee
+donnees
+donnerd
+donnered
+donnert
+donniker
+donning
+donnish
+donor
+donors
+dons
+donsie
+donsy
+donut
+donuts
+donzel
+donzels
+doodad
+doodads
+doodle
+doodled
+doodler
+doodlers
+doodles
+doodling
+doofus
+doofuses
+doolee
+doolees
+doolie
+doolies
+dooly
+doom
+doomed
+doomful
+doomily
+dooming
+dooms
+doomsday
+doomster
+doomy
+door
+doorbell
+doorjamb
+doorknob
+doorless
+doorman
+doormat
+doormats
+doormen
+doornail
+doorpost
+doors
+doorsill
+doorstep
+doorstop
+doorway
+doorways
+dooryard
+doozer
+doozers
+doozie
+doozies
+doozy
+dopa
+dopamine
+dopant
+dopants
+dopas
+dope
+doped
+dopehead
+doper
+dopers
+dopes
+dopester
+dopey
+dopier
+dopiest
+dopiness
+doping
+dopy
+dor
+dorado
+dorados
+dorbug
+dorbugs
+dore
+dorhawk
+dorhawks
+dories
+dork
+dorkier
+dorkiest
+dorks
+dorky
+dorm
+dormancy
+dormant
+dormer
+dormers
+dormice
+dormie
+dormient
+dormin
+dormins
+dormouse
+dorms
+dormy
+dorneck
+dornecks
+dornick
+dornicks
+dornock
+dornocks
+dorp
+dorper
+dorpers
+dorps
+dorr
+dorrs
+dors
+dorsa
+dorsad
+dorsal
+dorsally
+dorsals
+dorsel
+dorsels
+dorser
+dorsers
+dorsum
+dorty
+dory
+dos
+dosage
+dosages
+dose
+dosed
+doser
+dosers
+doses
+dosing
+doss
+dossal
+dossals
+dossed
+dossel
+dossels
+dosser
+dosseret
+dossers
+dosses
+dossier
+dossiers
+dossil
+dossils
+dossing
+dost
+dot
+dotage
+dotages
+dotal
+dotard
+dotardly
+dotards
+dotation
+dote
+doted
+doter
+doters
+dotes
+doth
+dotier
+dotiest
+doting
+dotingly
+dots
+dotted
+dottel
+dottels
+dotter
+dotterel
+dotters
+dottier
+dottiest
+dottily
+dotting
+dottle
+dottles
+dottrel
+dottrels
+dotty
+doty
+double
+doubled
+doubler
+doublers
+doubles
+doublet
+doublets
+doubling
+doubloon
+doublure
+doubly
+doubt
+doubted
+doubter
+doubters
+doubtful
+doubting
+doubts
+douce
+doucely
+douceur
+douceurs
+douche
+douched
+douches
+douching
+dough
+doughboy
+doughier
+doughnut
+doughs
+dought
+doughty
+doughy
+doum
+douma
+doumas
+doums
+doupioni
+dour
+doura
+dourah
+dourahs
+douras
+dourer
+dourest
+dourine
+dourines
+dourly
+dourness
+douse
+doused
+douser
+dousers
+douses
+dousing
+doux
+douzeper
+dove
+dovecot
+dovecote
+dovecots
+dovekey
+dovekeys
+dovekie
+dovekies
+dovelike
+doven
+dovened
+dovening
+dovens
+doves
+dovetail
+dovish
+dow
+dowable
+dowager
+dowagers
+dowdier
+dowdies
+dowdiest
+dowdily
+dowdy
+dowdyish
+dowed
+dowel
+doweled
+doweling
+dowelled
+dowels
+dower
+dowered
+doweries
+dowering
+dowers
+dowery
+dowie
+dowing
+down
+downbeat
+downcast
+downcome
+downed
+downer
+downers
+downfall
+downhaul
+downhill
+downier
+downiest
+downing
+downland
+downlink
+download
+downpipe
+downplay
+downpour
+downs
+downside
+downsize
+downtick
+downtime
+downtown
+downtrod
+downturn
+downward
+downwash
+downwind
+downy
+dowries
+dowry
+dows
+dowsabel
+dowse
+dowsed
+dowser
+dowsers
+dowses
+dowsing
+doxie
+doxies
+doxology
+doxy
+doyen
+doyenne
+doyennes
+doyens
+doyley
+doyleys
+doylies
+doyly
+doze
+dozed
+dozen
+dozened
+dozening
+dozens
+dozenth
+dozenths
+dozer
+dozers
+dozes
+dozier
+doziest
+dozily
+doziness
+dozing
+dozy
+drab
+drabbed
+drabber
+drabbest
+drabbet
+drabbets
+drabbing
+drabble
+drabbled
+drabbles
+drably
+drabness
+drabs
+dracaena
+drachm
+drachma
+drachmae
+drachmai
+drachmas
+drachms
+draconic
+draff
+draffier
+draffish
+draffs
+draffy
+draft
+drafted
+draftee
+draftees
+drafter
+drafters
+draftier
+draftily
+drafting
+drafts
+drafty
+drag
+dragee
+dragees
+dragged
+dragger
+draggers
+draggier
+dragging
+draggle
+draggled
+draggles
+draggy
+dragline
+dragnet
+dragnets
+dragoman
+dragomen
+dragon
+dragonet
+dragons
+dragoon
+dragoons
+dragrope
+drags
+dragster
+drail
+drails
+drain
+drainage
+drained
+drainer
+drainers
+draining
+drains
+drake
+drakes
+dram
+drama
+dramas
+dramatic
+dramedy
+drammed
+dramming
+drammock
+drams
+dramshop
+drank
+drapable
+drape
+draped
+draper
+drapers
+drapery
+drapes
+drapey
+draping
+drastic
+drat
+drats
+dratted
+dratting
+draught
+draughts
+draughty
+drave
+draw
+drawable
+drawback
+drawbar
+drawbars
+drawbore
+drawdown
+drawee
+drawees
+drawer
+drawers
+drawing
+drawings
+drawl
+drawled
+drawler
+drawlers
+drawlier
+drawling
+drawls
+drawly
+drawn
+draws
+drawtube
+dray
+drayage
+drayages
+drayed
+draying
+drayman
+draymen
+drays
+dread
+dreaded
+dreadful
+dreading
+dreads
+dream
+dreamed
+dreamer
+dreamers
+dreamful
+dreamier
+dreamily
+dreaming
+dreams
+dreamt
+dreamy
+drear
+drearier
+drearies
+drearily
+drears
+dreary
+dreck
+drecks
+drecky
+dredge
+dredged
+dredger
+dredgers
+dredges
+dredging
+dree
+dreed
+dreeing
+drees
+dreg
+dreggier
+dreggish
+dreggy
+dregs
+dreich
+dreidel
+dreidels
+dreidl
+dreidls
+dreigh
+drek
+dreks
+drench
+drenched
+drencher
+drenches
+dress
+dressage
+dressed
+dresser
+dressers
+dresses
+dressier
+dressily
+dressing
+dressy
+drest
+drew
+drib
+dribbed
+dribbing
+dribble
+dribbled
+dribbler
+dribbles
+dribblet
+dribbly
+driblet
+driblets
+dribs
+dried
+driegh
+drier
+driers
+dries
+driest
+drift
+driftage
+drifted
+drifter
+drifters
+driftier
+drifting
+driftpin
+drifts
+drifty
+drill
+drilled
+driller
+drillers
+drilling
+drills
+drily
+drink
+drinker
+drinkers
+drinking
+drinks
+drip
+dripless
+dripped
+dripper
+drippers
+drippier
+dripping
+drippy
+drips
+dript
+drivable
+drive
+drivel
+driveled
+driveler
+drivels
+driven
+driver
+drivers
+drives
+driveway
+driving
+drivings
+drizzle
+drizzled
+drizzles
+drizzly
+drogue
+drogues
+droit
+droits
+droll
+drolled
+droller
+drollery
+drollest
+drolling
+drolls
+drolly
+dromon
+dromond
+dromonds
+dromons
+drone
+droned
+droner
+droners
+drones
+drongo
+drongos
+droning
+dronish
+drool
+drooled
+drooling
+drools
+droop
+drooped
+droopier
+droopily
+drooping
+droops
+droopy
+drop
+drophead
+dropkick
+droplet
+droplets
+dropout
+dropouts
+dropped
+dropper
+droppers
+dropping
+drops
+dropshot
+dropsied
+dropsies
+dropsy
+dropt
+dropwort
+drosera
+droseras
+droshky
+droskies
+drosky
+dross
+drosses
+drossier
+drossy
+drought
+droughts
+droughty
+drouk
+drouked
+drouking
+drouks
+drouth
+drouths
+drouthy
+drove
+droved
+drover
+drovers
+droves
+droving
+drown
+drownd
+drownded
+drownds
+drowned
+drowner
+drowners
+drowning
+drowns
+drowse
+drowsed
+drowses
+drowsier
+drowsily
+drowsing
+drowsy
+drub
+drubbed
+drubber
+drubbers
+drubbing
+drubs
+drudge
+drudged
+drudger
+drudgers
+drudgery
+drudges
+drudging
+drug
+drugged
+drugget
+druggets
+druggie
+druggier
+druggies
+drugging
+druggist
+druggy
+drugs
+druid
+druidess
+druidic
+druidism
+druids
+drum
+drumbeat
+drumble
+drumbled
+drumbles
+drumfire
+drumfish
+drumhead
+drumlier
+drumlike
+drumlin
+drumlins
+drumly
+drummed
+drummer
+drummers
+drumming
+drumroll
+drums
+drunk
+drunkard
+drunken
+drunker
+drunkest
+drunks
+drupe
+drupelet
+drupes
+druse
+druses
+druthers
+dry
+dryable
+dryad
+dryades
+dryadic
+dryads
+dryer
+dryers
+dryest
+drying
+dryish
+dryland
+drylot
+drylots
+dryly
+dryness
+drypoint
+drys
+drystone
+drywall
+drywalls
+duad
+duads
+dual
+dualism
+dualisms
+dualist
+dualists
+duality
+dualize
+dualized
+dualizes
+dually
+duals
+dub
+dubbed
+dubber
+dubbers
+dubbin
+dubbing
+dubbings
+dubbins
+dubiety
+dubious
+dubonnet
+dubs
+ducal
+ducally
+ducat
+ducats
+duce
+duces
+duchess
+duchies
+duchy
+duci
+duck
+duckbill
+ducked
+ducker
+duckers
+duckie
+duckier
+duckies
+duckiest
+ducking
+duckling
+duckpin
+duckpins
+ducks
+ducktail
+duckwalk
+duckweed
+ducky
+duct
+ductal
+ducted
+ductile
+ducting
+ductings
+ductless
+ducts
+ductule
+ductules
+ductwork
+dud
+duddie
+duddy
+dude
+duded
+dudeen
+dudeens
+dudes
+dudgeon
+dudgeons
+duding
+dudish
+dudishly
+duds
+due
+duecento
+duel
+dueled
+dueler
+duelers
+dueling
+duelist
+duelists
+duelled
+dueller
+duellers
+duelli
+duelling
+duellist
+duello
+duellos
+duels
+duende
+duendes
+dueness
+duenna
+duennas
+dues
+duet
+duets
+duetted
+duetting
+duettist
+duff
+duffel
+duffels
+duffer
+duffers
+duffle
+duffles
+duffs
+dug
+dugong
+dugongs
+dugout
+dugouts
+dugs
+dui
+duiker
+duikers
+duit
+duits
+duke
+duked
+dukedom
+dukedoms
+dukes
+duking
+dulcet
+dulcetly
+dulcets
+dulciana
+dulcify
+dulcimer
+dulcinea
+dulia
+dulias
+dull
+dullard
+dullards
+dulled
+duller
+dullest
+dulling
+dullish
+dullness
+dulls
+dully
+dulness
+dulse
+dulses
+duly
+duma
+dumas
+dumb
+dumbbell
+dumbcane
+dumbed
+dumber
+dumbest
+dumbhead
+dumbing
+dumbly
+dumbness
+dumbs
+dumdum
+dumdums
+dumfound
+dumka
+dumky
+dummied
+dummies
+dummkopf
+dummy
+dummying
+dump
+dumpcart
+dumped
+dumper
+dumpers
+dumpier
+dumpiest
+dumpily
+dumping
+dumpings
+dumpish
+dumpling
+dumps
+dumpy
+dun
+dunam
+dunams
+dunce
+dunces
+dunch
+dunches
+duncical
+duncish
+dune
+duneland
+dunelike
+dunes
+dung
+dungaree
+dunged
+dungeon
+dungeons
+dunghill
+dungier
+dungiest
+dunging
+dungs
+dungy
+dunite
+dunites
+dunitic
+dunk
+dunked
+dunker
+dunkers
+dunking
+dunks
+dunlin
+dunlins
+dunnage
+dunnages
+dunned
+dunner
+dunness
+dunnest
+dunning
+dunnite
+dunnites
+duns
+dunt
+dunted
+dunting
+dunts
+duo
+duodena
+duodenal
+duodenum
+duolog
+duologs
+duologue
+duomi
+duomo
+duomos
+duopoly
+duopsony
+duos
+duotone
+duotones
+dup
+dupable
+dupe
+duped
+duper
+duperies
+dupers
+dupery
+dupes
+duping
+duple
+duplex
+duplexed
+duplexer
+duplexes
+dupped
+dupping
+dups
+dura
+durable
+durables
+durably
+dural
+duramen
+duramens
+durance
+durances
+duras
+duration
+durative
+durbar
+durbars
+dure
+dured
+dures
+duress
+duresses
+durian
+durians
+during
+durion
+durions
+durmast
+durmasts
+durn
+durndest
+durned
+durneder
+durning
+durns
+duro
+duroc
+durocs
+duros
+durr
+durra
+durras
+durrie
+durries
+durrs
+durst
+durum
+durums
+dusk
+dusked
+duskier
+duskiest
+duskily
+dusking
+duskish
+dusks
+dusky
+dust
+dustbin
+dustbins
+dusted
+duster
+dusters
+dustheap
+dustier
+dustiest
+dustily
+dusting
+dustless
+dustlike
+dustman
+dustmen
+dustoff
+dustoffs
+dustpan
+dustpans
+dustrag
+dustrags
+dusts
+dustup
+dustups
+dusty
+dutch
+dutchman
+dutchmen
+duteous
+dutiable
+duties
+dutiful
+duty
+duumvir
+duumviri
+duumvirs
+duvet
+duvetine
+duvets
+duvetyn
+duvetyne
+duvetyns
+duxelles
+dwarf
+dwarfed
+dwarfer
+dwarfest
+dwarfing
+dwarfish
+dwarfism
+dwarfs
+dwarves
+dweeb
+dweebs
+dwell
+dwelled
+dweller
+dwellers
+dwelling
+dwells
+dwelt
+dwindle
+dwindled
+dwindles
+dwine
+dwined
+dwines
+dwining
+dyable
+dyad
+dyadic
+dyadics
+dyads
+dyarchic
+dyarchy
+dybbuk
+dybbukim
+dybbuks
+dye
+dyeable
+dyed
+dyeing
+dyeings
+dyer
+dyers
+dyes
+dyestuff
+dyeweed
+dyeweeds
+dyewood
+dyewoods
+dying
+dyings
+dyke
+dyked
+dykes
+dykey
+dyking
+dynamic
+dynamics
+dynamism
+dynamist
+dynamite
+dynamo
+dynamos
+dynast
+dynastic
+dynasts
+dynasty
+dynatron
+dyne
+dynein
+dynel
+dynels
+dynes
+dynode
+dynodes
+dysgenic
+dyslexia
+dyslexic
+dyspepsy
+dyspnea
+dyspneal
+dyspneas
+dyspneic
+dyspnoea
+dyspnoic
+dystaxia
+dystocia
+dystonia
+dystonic
+dystopia
+dysuria
+dysurias
+dysuric
+dyvour
+dyvours
+each
+eager
+eagerer
+eagerest
+eagerly
+eagers
+eagle
+eagles
+eaglet
+eaglets
+eagre
+eagres
+eanling
+eanlings
+ear
+earache
+earaches
+eardrop
+eardrops
+eardrum
+eardrums
+eared
+earflap
+earflaps
+earful
+earfuls
+earing
+earings
+earl
+earlap
+earlaps
+earldom
+earldoms
+earless
+earlier
+earliest
+earlobe
+earlobes
+earlock
+earlocks
+earls
+earlship
+early
+earmark
+earmarks
+earmuff
+earmuffs
+earn
+earned
+earner
+earners
+earnest
+earnests
+earning
+earnings
+earns
+earphone
+earpiece
+earplug
+earplugs
+earring
+earrings
+ears
+earshot
+earshots
+earstone
+earth
+earthed
+earthen
+earthier
+earthily
+earthing
+earthly
+earthman
+earthmen
+earthnut
+earthpea
+earths
+earthset
+earthy
+earwax
+earwaxes
+earwig
+earwigs
+earworm
+earworms
+ease
+eased
+easeful
+easel
+easels
+easement
+eases
+easier
+easies
+easiest
+easily
+easiness
+easing
+east
+easter
+easterly
+eastern
+easters
+easting
+eastings
+easts
+eastward
+easy
+eat
+eatable
+eatables
+eaten
+eater
+eateries
+eaters
+eatery
+eath
+eating
+eatings
+eats
+eau
+eaux
+eave
+eaved
+eaves
+ebb
+ebbed
+ebbet
+ebbets
+ebbing
+ebbs
+ebon
+ebonies
+ebonise
+ebonised
+ebonises
+ebonite
+ebonites
+ebonize
+ebonized
+ebonizes
+ebons
+ebony
+ecarte
+ecartes
+ecaudate
+ecbolic
+ecbolics
+ecclesia
+eccrine
+ecdyses
+ecdysial
+ecdysis
+ecdyson
+ecdysone
+ecdysons
+ecesis
+ecesises
+echard
+echards
+eche
+eched
+echelle
+echelles
+echelon
+echelons
+eches
+echidna
+echidnae
+echidnas
+echinate
+eching
+echini
+echinoid
+echinus
+echo
+echoed
+echoer
+echoers
+echoes
+echoey
+echogram
+echoic
+echoing
+echoism
+echoisms
+echoless
+echos
+eclair
+eclairs
+eclat
+eclats
+eclectic
+eclipse
+eclipsed
+eclipses
+eclipsis
+ecliptic
+eclogite
+eclogue
+eclogues
+eclosion
+ecocidal
+ecocide
+ecocides
+ecofreak
+ecologic
+ecology
+econobox
+economic
+economy
+ecotonal
+ecotone
+ecotones
+ecotype
+ecotypes
+ecotypic
+ecraseur
+ecru
+ecrus
+ecstasy
+ecstatic
+ectases
+ectasis
+ectatic
+ecthyma
+ectoderm
+ectomere
+ectopia
+ectopias
+ectopic
+ectosarc
+ectozoa
+ectozoan
+ectozoon
+ectypal
+ectype
+ectypes
+ecu
+ecumenic
+ecus
+eczema
+eczemas
+ed
+edacious
+edacity
+edaphic
+eddied
+eddies
+eddo
+eddoes
+eddy
+eddying
+edema
+edemas
+edemata
+edenic
+edentate
+edge
+edged
+edgeless
+edger
+edgers
+edges
+edgeways
+edgewise
+edgier
+edgiest
+edgily
+edginess
+edging
+edgings
+edgy
+edh
+edhs
+edible
+edibles
+edict
+edictal
+edicts
+edifice
+edifices
+edified
+edifier
+edifiers
+edifies
+edify
+edifying
+edile
+ediles
+edit
+editable
+edited
+editing
+edition
+editions
+editor
+editors
+editress
+edits
+educable
+educate
+educated
+educates
+educator
+educe
+educed
+educes
+educible
+educing
+educt
+eduction
+eductive
+eductor
+eductors
+educts
+eel
+eelgrass
+eelier
+eeliest
+eellike
+eelpout
+eelpouts
+eels
+eelworm
+eelworms
+eely
+eerie
+eerier
+eeriest
+eerily
+eeriness
+eery
+ef
+eff
+effable
+efface
+effaced
+effacer
+effacers
+effaces
+effacing
+effect
+effected
+effecter
+effector
+effects
+effendi
+effendis
+efferent
+effete
+effetely
+efficacy
+effigial
+effigies
+effigy
+effluent
+effluvia
+efflux
+effluxes
+effort
+efforts
+effs
+effulge
+effulged
+effulges
+effuse
+effused
+effuses
+effusing
+effusion
+effusive
+efs
+eft
+efts
+eftsoon
+eftsoons
+egad
+egads
+egal
+egalite
+egalites
+eger
+egers
+egest
+egesta
+egested
+egesting
+egestion
+egestive
+egests
+egg
+eggar
+eggars
+eggcup
+eggcups
+egged
+egger
+eggers
+egghead
+eggheads
+egging
+eggless
+eggnog
+eggnogs
+eggplant
+eggs
+eggshell
+eggy
+egis
+egises
+eglatere
+eglomise
+ego
+egoism
+egoisms
+egoist
+egoistic
+egoists
+egoless
+egomania
+egos
+egotism
+egotisms
+egotist
+egotists
+egress
+egressed
+egresses
+egret
+egrets
+egyptian
+eh
+eide
+eider
+eiders
+eidetic
+eidola
+eidolic
+eidolon
+eidolons
+eidos
+eight
+eighteen
+eighth
+eighthly
+eighths
+eighties
+eights
+eightvo
+eightvos
+eighty
+eikon
+eikones
+eikons
+einkorn
+einkorns
+einstein
+eirenic
+eiswein
+eisweins
+either
+eject
+ejecta
+ejected
+ejecting
+ejection
+ejective
+ejector
+ejectors
+ejects
+eke
+eked
+ekes
+eking
+ekistic
+ekistics
+ekpwele
+ekpweles
+ektexine
+ekuele
+el
+elain
+elains
+elan
+eland
+elands
+elans
+elaphine
+elapid
+elapids
+elapine
+elapse
+elapsed
+elapses
+elapsing
+elastase
+elastic
+elastics
+elastin
+elastins
+elate
+elated
+elatedly
+elater
+elaterid
+elaterin
+elaters
+elates
+elating
+elation
+elations
+elative
+elatives
+elbow
+elbowed
+elbowing
+elbows
+eld
+elder
+elderly
+elders
+eldest
+eldress
+eldrich
+eldritch
+elds
+elect
+elected
+electee
+electees
+electing
+election
+elective
+elector
+electors
+electret
+electric
+electro
+electron
+electros
+electrum
+elects
+elegance
+elegancy
+elegant
+elegiac
+elegiacs
+elegies
+elegise
+elegised
+elegises
+elegist
+elegists
+elegit
+elegits
+elegize
+elegized
+elegizes
+elegy
+element
+elements
+elemi
+elemis
+elenchi
+elenchic
+elenchus
+elenctic
+elephant
+elevate
+elevated
+elevates
+elevator
+eleven
+elevens
+eleventh
+elevon
+elevons
+elf
+elfin
+elfins
+elfish
+elfishly
+elflike
+elflock
+elflocks
+elhi
+elicit
+elicited
+elicitor
+elicits
+elide
+elided
+elides
+elidible
+eliding
+eligible
+eligibly
+elint
+elints
+elision
+elisions
+elite
+elites
+elitism
+elitisms
+elitist
+elitists
+elixir
+elixirs
+elk
+elkhound
+elks
+ell
+ellipse
+ellipses
+ellipsis
+elliptic
+ells
+elm
+elmier
+elmiest
+elms
+elmy
+elodea
+elodeas
+eloign
+eloigned
+eloigner
+eloigns
+eloin
+eloined
+eloiner
+eloiners
+eloining
+eloins
+elongate
+elope
+eloped
+eloper
+elopers
+elopes
+eloping
+eloquent
+els
+else
+eluant
+eluants
+eluate
+eluates
+elude
+eluded
+eluder
+eluders
+eludes
+eluding
+eluent
+eluents
+elusion
+elusions
+elusive
+elusory
+elute
+eluted
+elutes
+eluting
+elution
+elutions
+eluvia
+eluvial
+eluviate
+eluvium
+eluviums
+elver
+elvers
+elves
+elvish
+elvishly
+elysian
+elytra
+elytroid
+elytron
+elytrous
+elytrum
+em
+emaciate
+emanate
+emanated
+emanates
+emanator
+embalm
+embalmed
+embalmer
+embalms
+embank
+embanked
+embanks
+embar
+embargo
+embark
+embarked
+embarks
+embarred
+embars
+embassy
+embattle
+embay
+embayed
+embaying
+embays
+embed
+embedded
+embeds
+ember
+embers
+embezzle
+embitter
+emblaze
+emblazed
+emblazer
+emblazes
+emblazon
+emblem
+emblemed
+emblems
+embodied
+embodier
+embodies
+embody
+embolden
+emboli
+embolic
+embolies
+embolism
+embolus
+emboly
+emborder
+embosk
+embosked
+embosks
+embosom
+embosoms
+emboss
+embossed
+embosser
+embosses
+embow
+embowed
+embowel
+embowels
+embower
+embowers
+embowing
+embows
+embrace
+embraced
+embracer
+embraces
+embroil
+embroils
+embrown
+embrowns
+embrue
+embrued
+embrues
+embruing
+embrute
+embruted
+embrutes
+embryo
+embryoid
+embryon
+embryons
+embryos
+emcee
+emceed
+emceeing
+emcees
+eme
+emeer
+emeerate
+emeers
+emend
+emendate
+emended
+emender
+emenders
+emending
+emends
+emerald
+emeralds
+emerge
+emerged
+emergent
+emerges
+emerging
+emeries
+emerita
+emeritae
+emeriti
+emeritus
+emerod
+emerods
+emeroid
+emeroids
+emersed
+emersion
+emery
+emes
+emeses
+emesis
+emetic
+emetics
+emetin
+emetine
+emetines
+emetins
+emeu
+emeus
+emeute
+emeutes
+emf
+emfs
+emic
+emigrant
+emigrate
+emigre
+emigres
+eminence
+eminency
+eminent
+emir
+emirate
+emirates
+emirs
+emissary
+emission
+emissive
+emit
+emits
+emitted
+emitter
+emitters
+emitting
+emmer
+emmers
+emmet
+emmets
+emodin
+emodins
+emote
+emoted
+emoter
+emoters
+emotes
+emoting
+emotion
+emotions
+emotive
+empale
+empaled
+empaler
+empalers
+empales
+empaling
+empanada
+empanel
+empanels
+empathic
+empathy
+emperies
+emperor
+emperors
+empery
+emphases
+emphasis
+emphatic
+empire
+empires
+empiric
+empirics
+emplace
+emplaced
+emplaces
+emplane
+emplaned
+emplanes
+employ
+employe
+employed
+employee
+employer
+employes
+employs
+empoison
+emporia
+emporium
+empower
+empowers
+empress
+emprise
+emprises
+emprize
+emprizes
+emptied
+emptier
+emptiers
+empties
+emptiest
+emptily
+emptings
+emptins
+empty
+emptying
+empurple
+empyema
+empyemas
+empyemic
+empyreal
+empyrean
+ems
+emu
+emulate
+emulated
+emulates
+emulator
+emulous
+emulsify
+emulsion
+emulsive
+emulsoid
+emus
+emyd
+emyde
+emydes
+emyds
+en
+enable
+enabled
+enabler
+enablers
+enables
+enabling
+enact
+enacted
+enacting
+enactive
+enactor
+enactors
+enactory
+enacts
+enamel
+enameled
+enameler
+enamels
+enamine
+enamines
+enamor
+enamored
+enamors
+enamour
+enamours
+enate
+enates
+enatic
+enation
+enations
+encaenia
+encage
+encaged
+encages
+encaging
+encamp
+encamped
+encamps
+encase
+encased
+encases
+encash
+encashed
+encashes
+encasing
+enceinte
+enchain
+enchains
+enchant
+enchants
+enchase
+enchased
+enchaser
+enchases
+enchoric
+encina
+encinal
+encinas
+encipher
+encircle
+enclasp
+enclasps
+enclave
+enclaves
+enclitic
+enclose
+enclosed
+encloser
+encloses
+encode
+encoded
+encoder
+encoders
+encodes
+encoding
+encomia
+encomium
+encore
+encored
+encores
+encoring
+encroach
+encrust
+encrusts
+encrypt
+encrypts
+encumber
+encyclic
+encyst
+encysted
+encysts
+end
+endamage
+endameba
+endanger
+endarch
+endarchy
+endbrain
+endear
+endeared
+endears
+endeavor
+ended
+endemial
+endemic
+endemics
+endemism
+ender
+endermic
+enders
+endexine
+endgame
+endgames
+ending
+endings
+endite
+endited
+endites
+enditing
+endive
+endives
+endleaf
+endless
+endlong
+endmost
+endnote
+endnotes
+endocarp
+endocast
+endoderm
+endogamy
+endogen
+endogens
+endogeny
+endopod
+endopods
+endorse
+endorsed
+endorsee
+endorser
+endorses
+endorsor
+endosarc
+endosmos
+endosome
+endostea
+endow
+endowed
+endower
+endowers
+endowing
+endows
+endozoic
+endpaper
+endplate
+endpoint
+endrin
+endrins
+ends
+endue
+endued
+endues
+enduing
+endure
+endured
+endures
+enduring
+enduro
+enduros
+endways
+endwise
+enema
+enemas
+enemata
+enemies
+enemy
+energid
+energids
+energies
+energise
+energize
+energy
+enervate
+enface
+enfaced
+enfaces
+enfacing
+enfeeble
+enfeoff
+enfeoffs
+enfetter
+enfever
+enfevers
+enfilade
+enflame
+enflamed
+enflames
+enfold
+enfolded
+enfolder
+enfolds
+enforce
+enforced
+enforcer
+enforces
+enframe
+enframed
+enframes
+eng
+engage
+engaged
+engager
+engagers
+engages
+engaging
+engender
+engild
+engilded
+engilds
+engine
+engined
+engineer
+enginery
+engines
+engining
+enginous
+engird
+engirded
+engirdle
+engirds
+engirt
+english
+englut
+engluts
+engorge
+engorged
+engorges
+engraft
+engrafts
+engrail
+engrails
+engrain
+engrains
+engram
+engramme
+engrams
+engrave
+engraved
+engraver
+engraves
+engross
+engs
+engulf
+engulfed
+engulfs
+enhalo
+enhaloed
+enhaloes
+enhalos
+enhance
+enhanced
+enhancer
+enhances
+enigma
+enigmas
+enigmata
+enisle
+enisled
+enisles
+enisling
+enjambed
+enjoin
+enjoined
+enjoiner
+enjoins
+enjoy
+enjoyed
+enjoyer
+enjoyers
+enjoying
+enjoys
+enkindle
+enlace
+enlaced
+enlaces
+enlacing
+enlarge
+enlarged
+enlarger
+enlarges
+enlist
+enlisted
+enlistee
+enlister
+enlists
+enliven
+enlivens
+enmesh
+enmeshed
+enmeshes
+enmities
+enmity
+ennead
+enneadic
+enneads
+enneagon
+ennoble
+ennobled
+ennobler
+ennobles
+ennui
+ennuis
+ennuye
+ennuyee
+enoki
+enokis
+enol
+enolase
+enolases
+enolic
+enology
+enols
+enorm
+enormity
+enormous
+enosis
+enosises
+enough
+enoughs
+enounce
+enounced
+enounces
+enow
+enows
+enplane
+enplaned
+enplanes
+enquire
+enquired
+enquires
+enquiry
+enrage
+enraged
+enrages
+enraging
+enrapt
+enravish
+enrich
+enriched
+enricher
+enriches
+enrobe
+enrobed
+enrober
+enrobers
+enrobes
+enrobing
+enrol
+enroll
+enrolled
+enrollee
+enroller
+enrolls
+enrols
+enroot
+enrooted
+enroots
+ens
+ensample
+ensconce
+enscroll
+ensemble
+enserf
+enserfed
+enserfs
+ensheath
+enshrine
+enshroud
+ensiform
+ensign
+ensigncy
+ensigns
+ensilage
+ensile
+ensiled
+ensiles
+ensiling
+enskied
+enskies
+ensky
+enskyed
+enskying
+enslave
+enslaved
+enslaver
+enslaves
+ensnare
+ensnared
+ensnarer
+ensnares
+ensnarl
+ensnarls
+ensorcel
+ensoul
+ensouled
+ensouls
+ensphere
+ensue
+ensued
+ensues
+ensuing
+ensure
+ensured
+ensurer
+ensurers
+ensures
+ensuring
+enswathe
+entail
+entailed
+entailer
+entails
+entameba
+entangle
+entases
+entasia
+entasias
+entasis
+entastic
+entellus
+entente
+ententes
+enter
+entera
+enteral
+entered
+enterer
+enterers
+enteric
+entering
+enteron
+enterons
+enters
+enthalpy
+enthetic
+enthral
+enthrall
+enthrals
+enthrone
+enthuse
+enthused
+enthuses
+entia
+entice
+enticed
+enticer
+enticers
+entices
+enticing
+entire
+entirely
+entires
+entirety
+entities
+entitle
+entitled
+entitles
+entity
+entoderm
+entoil
+entoiled
+entoils
+entomb
+entombed
+entombs
+entopic
+entozoa
+entozoal
+entozoan
+entozoic
+entozoon
+entrails
+entrain
+entrains
+entrance
+entrant
+entrants
+entrap
+entraps
+entreat
+entreats
+entreaty
+entree
+entrees
+entrench
+entrepot
+entresol
+entries
+entropic
+entropy
+entrust
+entrusts
+entry
+entryway
+entwine
+entwined
+entwines
+entwist
+entwists
+enure
+enured
+enures
+enuresis
+enuretic
+enuring
+envelop
+envelope
+envelops
+envenom
+envenoms
+enviable
+enviably
+envied
+envier
+enviers
+envies
+envious
+environ
+environs
+envisage
+envision
+envoi
+envois
+envoy
+envoys
+envy
+envying
+enwheel
+enwheels
+enwind
+enwinds
+enwomb
+enwombed
+enwombs
+enwound
+enwrap
+enwraps
+enzootic
+enzym
+enzyme
+enzymes
+enzymic
+enzyms
+eobiont
+eobionts
+eohippus
+eolian
+eolipile
+eolith
+eolithic
+eoliths
+eolopile
+eon
+eonian
+eonism
+eonisms
+eons
+eosin
+eosine
+eosines
+eosinic
+eosins
+epact
+epacts
+eparch
+eparchs
+eparchy
+epaulet
+epaulets
+epazote
+epazotes
+epee
+epeeist
+epeeists
+epees
+epeiric
+ependyma
+epergne
+epergnes
+epha
+ephah
+ephahs
+ephas
+ephebe
+ephebes
+ephebi
+ephebic
+epheboi
+ephebos
+ephebus
+ephedra
+ephedras
+ephedrin
+ephemera
+ephod
+ephods
+ephor
+ephoral
+ephorate
+ephori
+ephors
+epiblast
+epibolic
+epiboly
+epic
+epical
+epically
+epicalyx
+epicarp
+epicarps
+epicedia
+epicene
+epicenes
+epiclike
+epicotyl
+epics
+epicure
+epicures
+epicycle
+epidemic
+epiderm
+epiderms
+epidote
+epidotes
+epidotic
+epidural
+epifauna
+epifocal
+epigeal
+epigean
+epigeic
+epigene
+epigenic
+epigeous
+epigon
+epigone
+epigones
+epigoni
+epigonic
+epigons
+epigonus
+epigram
+epigrams
+epigraph
+epigyny
+epilepsy
+epilog
+epilogs
+epilogue
+epimer
+epimere
+epimeres
+epimeric
+epimers
+epimysia
+epinaoi
+epinaos
+epinasty
+epiphany
+epiphyte
+episcia
+episcias
+episcope
+episode
+episodes
+episodic
+episomal
+episome
+episomes
+epistasy
+epistle
+epistler
+epistles
+epistome
+epistyle
+epitaph
+epitaphs
+epitases
+epitasis
+epitaxic
+epitaxy
+epithet
+epithets
+epitome
+epitomes
+epitomic
+epitope
+epitopes
+epizoa
+epizoic
+epizoism
+epizoite
+epizoon
+epizooty
+epoch
+epochal
+epochs
+epode
+epodes
+eponym
+eponymic
+eponyms
+eponymy
+epopee
+epopees
+epopoeia
+epos
+eposes
+epoxide
+epoxides
+epoxied
+epoxies
+epoxy
+epoxyed
+epoxying
+epsilon
+epsilons
+equable
+equably
+equal
+equaled
+equaling
+equalise
+equality
+equalize
+equalled
+equally
+equals
+equate
+equated
+equates
+equating
+equation
+equator
+equators
+equerry
+equid
+equids
+equine
+equinely
+equines
+equinity
+equinox
+equip
+equipage
+equipped
+equipper
+equips
+equiseta
+equitant
+equites
+equities
+equity
+equivoke
+er
+era
+eradiate
+eras
+erasable
+erase
+erased
+eraser
+erasers
+erases
+erasing
+erasion
+erasions
+erasure
+erasures
+erbium
+erbiums
+ere
+erect
+erected
+erecter
+erecters
+erectile
+erecting
+erection
+erective
+erectly
+erector
+erectors
+erects
+erelong
+eremite
+eremites
+eremitic
+eremuri
+eremurus
+erenow
+erepsin
+erepsins
+erethic
+erethism
+erewhile
+erg
+ergastic
+ergate
+ergates
+ergative
+ergo
+ergodic
+ergot
+ergotic
+ergotism
+ergots
+ergs
+erica
+ericas
+ericoid
+erigeron
+eringo
+eringoes
+eringos
+eristic
+eristics
+erlking
+erlkings
+ermine
+ermined
+ermines
+ern
+erne
+ernes
+erns
+erode
+eroded
+erodent
+erodes
+erodible
+eroding
+erogenic
+eros
+erose
+erosely
+eroses
+erosible
+erosion
+erosions
+erosive
+erotic
+erotica
+erotical
+erotics
+erotism
+erotisms
+erotize
+erotized
+erotizes
+err
+errancy
+errand
+errands
+errant
+errantly
+errantry
+errants
+errata
+erratas
+erratic
+erratics
+erratum
+erred
+errhine
+errhines
+erring
+erringly
+error
+errors
+errs
+ers
+ersatz
+ersatzes
+erses
+erst
+eruct
+eructate
+eructed
+eructing
+eructs
+erudite
+erugo
+erugos
+erumpent
+erupt
+erupted
+erupting
+eruption
+eruptive
+erupts
+ervil
+ervils
+eryngo
+eryngoes
+eryngos
+erythema
+erythron
+es
+escalade
+escalate
+escallop
+escalop
+escalops
+escapade
+escape
+escaped
+escapee
+escapees
+escaper
+escapers
+escapes
+escaping
+escapism
+escapist
+escar
+escargot
+escarole
+escarp
+escarped
+escarps
+escars
+eschalot
+eschar
+eschars
+escheat
+escheats
+eschew
+eschewal
+eschewed
+eschews
+escolar
+escolars
+escort
+escorted
+escorts
+escot
+escoted
+escoting
+escots
+escrow
+escrowed
+escrows
+escuage
+escuages
+escudo
+escudos
+esculent
+eserine
+eserines
+eses
+eskar
+eskars
+esker
+eskers
+esophagi
+esoteric
+espalier
+espanol
+esparto
+espartos
+especial
+espial
+espials
+espied
+espiegle
+espies
+espousal
+espouse
+espoused
+espouser
+espouses
+espresso
+esprit
+esprits
+espy
+espying
+esquire
+esquired
+esquires
+ess
+essay
+essayed
+essayer
+essayers
+essaying
+essayist
+essays
+essence
+essences
+esses
+essoin
+essoins
+essonite
+estancia
+estate
+estated
+estates
+estating
+esteem
+esteemed
+esteems
+ester
+esterase
+esterify
+esters
+estheses
+esthesia
+esthesis
+esthete
+esthetes
+esthetic
+estimate
+estival
+estivate
+estop
+estopped
+estoppel
+estops
+estovers
+estragon
+estral
+estrange
+estray
+estrayed
+estrays
+estreat
+estreats
+estrin
+estrins
+estriol
+estriols
+estrogen
+estrone
+estrones
+estrous
+estrual
+estrum
+estrums
+estrus
+estruses
+estuary
+esurient
+et
+eta
+etagere
+etageres
+etalon
+etalons
+etamin
+etamine
+etamines
+etamins
+etape
+etapes
+etas
+etatism
+etatisms
+etatist
+etcetera
+etch
+etchant
+etchants
+etched
+etcher
+etchers
+etches
+etching
+etchings
+eternal
+eternals
+eterne
+eternise
+eternity
+eternize
+etesian
+etesians
+eth
+ethane
+ethanes
+ethanol
+ethanols
+ethene
+ethenes
+ethephon
+ether
+ethereal
+etheric
+etherify
+etherish
+etherize
+ethers
+ethic
+ethical
+ethicals
+ethician
+ethicist
+ethicize
+ethics
+ethinyl
+ethinyls
+ethion
+ethions
+ethmoid
+ethmoids
+ethnarch
+ethnic
+ethnical
+ethnics
+ethnos
+ethnoses
+ethology
+ethos
+ethoses
+ethoxies
+ethoxy
+ethoxyl
+ethoxyls
+eths
+ethyl
+ethylate
+ethylene
+ethylic
+ethyls
+ethyne
+ethynes
+ethynyl
+ethynyls
+etic
+etiolate
+etiology
+etna
+etnas
+etoile
+etoiles
+etouffee
+etude
+etudes
+etui
+etuis
+etwee
+etwees
+etyma
+etymon
+etymons
+eucaine
+eucaines
+eucalypt
+eucharis
+euchre
+euchred
+euchres
+euchring
+euclase
+euclases
+eucrite
+eucrites
+eucritic
+eudaemon
+eudemon
+eudemons
+eugenia
+eugenias
+eugenic
+eugenics
+eugenist
+eugenol
+eugenols
+euglena
+euglenas
+eulachan
+eulachon
+eulogia
+eulogiae
+eulogias
+eulogies
+eulogise
+eulogist
+eulogium
+eulogize
+eulogy
+eunuch
+eunuchs
+euonymus
+eupatrid
+eupepsia
+eupepsy
+eupeptic
+euphenic
+euphonic
+euphony
+euphoria
+euphoric
+euphotic
+euphrasy
+euphroe
+euphroes
+euphuism
+euphuist
+euploid
+euploids
+euploidy
+eupnea
+eupneas
+eupneic
+eupnoea
+eupnoeas
+eupnoeic
+eureka
+euripi
+euripus
+euro
+eurokies
+eurokous
+euroky
+europium
+euros
+eurybath
+euryoky
+eurythmy
+eustacy
+eustatic
+eustele
+eusteles
+eutaxies
+eutaxy
+eutectic
+eutrophy
+euxenite
+evacuant
+evacuate
+evacuee
+evacuees
+evadable
+evade
+evaded
+evader
+evaders
+evades
+evadible
+evading
+evaluate
+evanesce
+evangel
+evangels
+evanish
+evasion
+evasions
+evasive
+eve
+evection
+even
+evened
+evener
+eveners
+evenest
+evenfall
+evening
+evenings
+evenly
+evenness
+evens
+evensong
+event
+eventful
+eventide
+events
+eventual
+ever
+evermore
+eversion
+evert
+everted
+everting
+evertor
+evertors
+everts
+every
+everyday
+everyman
+everymen
+everyone
+everyway
+eves
+evict
+evicted
+evictee
+evictees
+evicting
+eviction
+evictor
+evictors
+evicts
+evidence
+evident
+evil
+evildoer
+eviler
+evilest
+eviller
+evillest
+evilly
+evilness
+evils
+evince
+evinced
+evinces
+evincing
+evincive
+evitable
+evite
+evited
+evites
+eviting
+evocable
+evocator
+evoke
+evoked
+evoker
+evokers
+evokes
+evoking
+evolute
+evolutes
+evolve
+evolved
+evolver
+evolvers
+evolves
+evolving
+evonymus
+evulsion
+evzone
+evzones
+ewe
+ewer
+ewers
+ewes
+ex
+exact
+exacta
+exactas
+exacted
+exacter
+exacters
+exactest
+exacting
+exaction
+exactly
+exactor
+exactors
+exacts
+exalt
+exalted
+exalter
+exalters
+exalting
+exalts
+exam
+examen
+examens
+examine
+examined
+examinee
+examiner
+examines
+example
+exampled
+examples
+exams
+exanthem
+exarch
+exarchal
+exarchs
+exarchy
+excavate
+exceed
+exceeded
+exceeder
+exceeds
+excel
+excelled
+excels
+except
+excepted
+excepts
+excerpt
+excerpts
+excess
+excessed
+excesses
+exchange
+excide
+excided
+excides
+exciding
+excimer
+excimers
+exciple
+exciples
+excise
+excised
+excises
+excising
+excision
+excitant
+excite
+excited
+exciter
+exciters
+excites
+exciting
+exciton
+excitons
+excitor
+excitors
+exclaim
+exclaims
+exclave
+exclaves
+exclude
+excluded
+excluder
+excludes
+excreta
+excretal
+excrete
+excreted
+excreter
+excretes
+excursus
+excuse
+excused
+excuser
+excusers
+excuses
+excusing
+exec
+execrate
+execs
+execute
+executed
+executer
+executes
+executor
+exedra
+exedrae
+exegeses
+exegesis
+exegete
+exegetes
+exegetic
+exempla
+exemplar
+exemplum
+exempt
+exempted
+exempts
+exequial
+exequies
+exequy
+exercise
+exergual
+exergue
+exergues
+exert
+exerted
+exerting
+exertion
+exertive
+exerts
+exes
+exeunt
+exhalant
+exhale
+exhaled
+exhalent
+exhales
+exhaling
+exhaust
+exhausts
+exhibit
+exhibits
+exhort
+exhorted
+exhorter
+exhorts
+exhume
+exhumed
+exhumer
+exhumers
+exhumes
+exhuming
+exigence
+exigency
+exigent
+exigible
+exiguity
+exiguous
+exile
+exiled
+exiles
+exilian
+exilic
+exiling
+eximious
+exine
+exines
+exist
+existed
+existent
+existing
+exists
+exit
+exited
+exiting
+exitless
+exits
+exocarp
+exocarps
+exocrine
+exoderm
+exoderms
+exodoi
+exodos
+exodus
+exoduses
+exoergic
+exogamic
+exogamy
+exogen
+exogens
+exon
+exonic
+exons
+exonumia
+exorable
+exorcise
+exorcism
+exorcist
+exorcize
+exordia
+exordial
+exordium
+exosmic
+exosmose
+exospore
+exoteric
+exotic
+exotica
+exotics
+exotism
+exotisms
+exotoxic
+exotoxin
+expand
+expanded
+expander
+expandor
+expands
+expanse
+expanses
+expat
+expats
+expect
+expected
+expects
+expedite
+expel
+expelled
+expellee
+expeller
+expels
+expend
+expended
+expender
+expends
+expense
+expensed
+expenses
+expert
+experted
+expertly
+experts
+expiable
+expiate
+expiated
+expiates
+expiator
+expire
+expired
+expirer
+expirers
+expires
+expiries
+expiring
+expiry
+explain
+explains
+explant
+explants
+explicit
+explode
+exploded
+exploder
+explodes
+exploit
+exploits
+explore
+explored
+explorer
+explores
+expo
+exponent
+export
+exported
+exporter
+exports
+expos
+exposal
+exposals
+expose
+exposed
+exposer
+exposers
+exposes
+exposing
+exposit
+exposits
+exposure
+expound
+expounds
+express
+expresso
+expulse
+expulsed
+expulses
+expunge
+expunged
+expunger
+expunges
+exscind
+exscinds
+exsecant
+exsect
+exsected
+exsects
+exsert
+exserted
+exserts
+extant
+extend
+extended
+extender
+extends
+extensor
+extent
+extents
+exterior
+extern
+external
+externe
+externes
+externs
+extinct
+extincts
+extol
+extoll
+extolled
+extoller
+extolls
+extols
+extort
+extorted
+extorter
+extorts
+extra
+extract
+extracts
+extrados
+extras
+extrema
+extreme
+extremer
+extremes
+extremum
+extrorse
+extrude
+extruded
+extruder
+extrudes
+extubate
+exudate
+exudates
+exude
+exuded
+exudes
+exuding
+exult
+exultant
+exulted
+exulting
+exults
+exurb
+exurban
+exurbia
+exurbias
+exurbs
+exuvia
+exuviae
+exuvial
+exuviate
+exuvium
+eyas
+eyases
+eye
+eyeable
+eyeball
+eyeballs
+eyebar
+eyebars
+eyebeam
+eyebeams
+eyebolt
+eyebolts
+eyebrow
+eyebrows
+eyecup
+eyecups
+eyed
+eyedness
+eyedrops
+eyeful
+eyefuls
+eyeglass
+eyehole
+eyeholes
+eyehook
+eyehooks
+eyeing
+eyelash
+eyeless
+eyelet
+eyelets
+eyelid
+eyelids
+eyelike
+eyeliner
+eyen
+eyepiece
+eyepoint
+eyer
+eyers
+eyes
+eyeshade
+eyeshot
+eyeshots
+eyesight
+eyesome
+eyesore
+eyesores
+eyespot
+eyespots
+eyestalk
+eyestone
+eyeteeth
+eyetooth
+eyewash
+eyewater
+eyewear
+eyewink
+eyewinks
+eying
+eyne
+eyra
+eyras
+eyre
+eyres
+eyrie
+eyries
+eyrir
+eyry
+fa
+fable
+fabled
+fabler
+fablers
+fables
+fabliau
+fabliaux
+fabling
+fabric
+fabrics
+fabular
+fabulist
+fabulous
+facade
+facades
+face
+faceable
+faced
+facedown
+faceless
+facer
+facers
+faces
+facet
+facete
+faceted
+facetely
+facetiae
+faceting
+facets
+facetted
+faceup
+facia
+facial
+facially
+facials
+facias
+faciend
+faciends
+facies
+facile
+facilely
+facility
+facing
+facings
+fact
+factful
+faction
+factions
+factious
+factoid
+factoids
+factor
+factored
+factors
+factory
+factotum
+facts
+factual
+facture
+factures
+facula
+faculae
+facular
+faculty
+fad
+fadable
+faddier
+faddiest
+faddish
+faddism
+faddisms
+faddist
+faddists
+faddy
+fade
+fadeaway
+faded
+fadedly
+fadeless
+fader
+faders
+fades
+fadge
+fadged
+fadges
+fadging
+fading
+fadings
+fado
+fados
+fads
+faecal
+faeces
+faena
+faenas
+faerie
+faeries
+faery
+fag
+fagged
+fagging
+faggot
+faggoted
+faggotry
+faggots
+faggoty
+faggy
+fagin
+fagins
+fagot
+fagoted
+fagoter
+fagoters
+fagoting
+fagots
+fags
+fahlband
+faience
+faiences
+fail
+failed
+failing
+failings
+faille
+failles
+fails
+failure
+failures
+fain
+faineant
+fainer
+fainest
+faint
+fainted
+fainter
+fainters
+faintest
+fainting
+faintish
+faintly
+faints
+fair
+faired
+fairer
+fairest
+fairies
+fairing
+fairings
+fairish
+fairlead
+fairly
+fairness
+fairs
+fairway
+fairways
+fairy
+fairyism
+faith
+faithed
+faithful
+faithing
+faiths
+faitour
+faitours
+fajita
+fajitas
+fake
+faked
+fakeer
+fakeers
+faker
+fakeries
+fakers
+fakery
+fakes
+fakey
+faking
+fakir
+fakirs
+falafel
+falbala
+falbalas
+falcate
+falcated
+falces
+falchion
+falcon
+falconer
+falconet
+falconry
+falcons
+falderal
+falderol
+fall
+fallacy
+fallal
+fallals
+fallaway
+fallback
+fallen
+faller
+fallers
+fallfish
+fallible
+fallibly
+falling
+falloff
+falloffs
+fallout
+fallouts
+fallow
+fallowed
+fallows
+falls
+false
+falsely
+falser
+falsest
+falsetto
+falsie
+falsies
+falsify
+falsity
+faltboat
+falter
+faltered
+falterer
+falters
+falx
+fame
+famed
+fameless
+fames
+familial
+familiar
+families
+familism
+family
+famine
+famines
+faming
+famish
+famished
+famishes
+famous
+famously
+famuli
+famulus
+fan
+fanatic
+fanatics
+fancied
+fancier
+fanciers
+fancies
+fanciest
+fanciful
+fancify
+fancily
+fancy
+fancying
+fandango
+fandom
+fandoms
+fane
+fanega
+fanegada
+fanegas
+fanes
+fanfare
+fanfares
+fanfaron
+fanfold
+fanfolds
+fang
+fanga
+fangas
+fanged
+fangless
+fanglike
+fangs
+fanion
+fanions
+fanjet
+fanjets
+fanlight
+fanlike
+fanned
+fanner
+fanners
+fannies
+fanning
+fanny
+fano
+fanon
+fanons
+fanos
+fans
+fantail
+fantails
+fantasia
+fantasie
+fantasm
+fantasms
+fantast
+fantasts
+fantasy
+fantod
+fantods
+fantom
+fantoms
+fanum
+fanums
+fanwise
+fanwort
+fanworts
+fanzine
+fanzines
+faqir
+faqirs
+faquir
+faquirs
+far
+farad
+faradaic
+faraday
+faradays
+faradic
+faradise
+faradism
+faradize
+farads
+faraway
+farce
+farced
+farcer
+farcers
+farces
+farceur
+farceurs
+farci
+farcical
+farcie
+farcies
+farcing
+farcy
+fard
+farded
+fardel
+fardels
+farding
+fards
+fare
+fared
+farer
+farers
+fares
+farewell
+farfal
+farfals
+farfel
+farfels
+farina
+farinas
+faring
+farinha
+farinhas
+farinose
+farl
+farle
+farles
+farls
+farm
+farmable
+farmed
+farmer
+farmers
+farmhand
+farming
+farmings
+farmland
+farms
+farmwife
+farmwork
+farmyard
+farnesol
+farness
+faro
+faros
+farouche
+farrago
+farrier
+farriers
+farriery
+farrow
+farrowed
+farrows
+farside
+farsides
+fart
+farted
+farther
+farthest
+farthing
+farting
+farts
+fas
+fasces
+fascia
+fasciae
+fascial
+fascias
+fasciate
+fascicle
+fascine
+fascines
+fascism
+fascisms
+fascist
+fascists
+fash
+fashed
+fashes
+fashing
+fashion
+fashions
+fashious
+fast
+fastback
+fastball
+fasted
+fasten
+fastened
+fastener
+fastens
+faster
+fastest
+fasting
+fastings
+fastness
+fasts
+fastuous
+fat
+fatal
+fatalism
+fatalist
+fatality
+fatally
+fatback
+fatbacks
+fatbird
+fatbirds
+fate
+fated
+fateful
+fates
+fathead
+fatheads
+father
+fathered
+fatherly
+fathers
+fathom
+fathomed
+fathoms
+fatidic
+fatigue
+fatigued
+fatigues
+fating
+fatless
+fatlike
+fatling
+fatlings
+fatly
+fatness
+fats
+fatso
+fatsoes
+fatsos
+fatstock
+fatted
+fatten
+fattened
+fattener
+fattens
+fatter
+fattest
+fattier
+fatties
+fattiest
+fattily
+fatting
+fattish
+fatty
+fatuity
+fatuous
+fatwa
+fatwas
+fatwood
+fatwoods
+faubourg
+faucal
+faucals
+fauces
+faucet
+faucets
+faucial
+faugh
+fauld
+faulds
+fault
+faulted
+faultier
+faultily
+faulting
+faults
+faulty
+faun
+fauna
+faunae
+faunal
+faunally
+faunas
+faunlike
+fauns
+fauteuil
+fauve
+fauves
+fauvism
+fauvisms
+fauvist
+fauvists
+faux
+fava
+favas
+fave
+favela
+favelas
+favella
+favellas
+faves
+favism
+favisms
+favonian
+favor
+favored
+favorer
+favorers
+favoring
+favorite
+favors
+favour
+favoured
+favourer
+favours
+favus
+favuses
+fawn
+fawned
+fawner
+fawners
+fawnier
+fawniest
+fawning
+fawnlike
+fawns
+fawny
+fax
+faxed
+faxes
+faxing
+fay
+fayalite
+fayed
+faying
+fays
+faze
+fazed
+fazenda
+fazendas
+fazes
+fazing
+feal
+fealties
+fealty
+fear
+feared
+fearer
+fearers
+fearful
+fearing
+fearless
+fears
+fearsome
+feasance
+fease
+feased
+feases
+feasible
+feasibly
+feasing
+feast
+feasted
+feaster
+feasters
+feastful
+feasting
+feasts
+feat
+feater
+featest
+feather
+feathers
+feathery
+featlier
+featly
+feats
+feature
+featured
+features
+feaze
+feazed
+feazes
+feazing
+febrific
+febrile
+fecal
+feces
+fecial
+fecials
+feck
+feckless
+feckly
+fecks
+fecula
+feculae
+feculent
+fecund
+fed
+fedayee
+fedayeen
+federacy
+federal
+federals
+federate
+fedora
+fedoras
+feds
+fee
+feeble
+feebler
+feeblest
+feeblish
+feebly
+feed
+feedable
+feedback
+feedbag
+feedbags
+feedbox
+feeder
+feeders
+feedhole
+feeding
+feedlot
+feedlots
+feeds
+feeing
+feel
+feeler
+feelers
+feeless
+feeling
+feelings
+feels
+fees
+feet
+feetless
+feeze
+feezed
+feezes
+feezing
+feh
+fehs
+feign
+feigned
+feigner
+feigners
+feigning
+feigns
+feijoa
+feijoas
+feint
+feinted
+feinting
+feints
+feirie
+feist
+feistier
+feists
+feisty
+felafel
+feldsher
+feldspar
+felicity
+felid
+felids
+feline
+felinely
+felines
+felinity
+fell
+fella
+fellable
+fellah
+fellahin
+fellahs
+fellas
+fellate
+fellated
+fellates
+fellatio
+fellator
+felled
+feller
+fellers
+fellest
+fellies
+felling
+fellness
+felloe
+felloes
+fellow
+fellowed
+fellowly
+fellows
+fells
+felly
+felon
+felonies
+felonry
+felons
+felony
+felsite
+felsites
+felsitic
+felspar
+felspars
+felstone
+felt
+felted
+felting
+feltings
+feltlike
+felts
+felucca
+feluccas
+felwort
+felworts
+fem
+female
+females
+feme
+femes
+feminacy
+feminie
+feminine
+feminise
+feminism
+feminist
+feminity
+feminize
+femme
+femmes
+femora
+femoral
+fems
+femur
+femurs
+fen
+fenagle
+fenagled
+fenagles
+fence
+fenced
+fencer
+fencerow
+fencers
+fences
+fencible
+fencing
+fencings
+fend
+fended
+fender
+fendered
+fenders
+fending
+fends
+fenestra
+fenland
+fenlands
+fennec
+fennecs
+fennel
+fennels
+fenny
+fens
+fenthion
+fenuron
+fenurons
+feod
+feodary
+feods
+feoff
+feoffed
+feoffee
+feoffees
+feoffer
+feoffers
+feoffing
+feoffor
+feoffors
+feoffs
+fer
+feracity
+feral
+ferbam
+ferbams
+fere
+feres
+feretory
+feria
+feriae
+ferial
+ferias
+ferine
+ferities
+ferity
+ferlie
+ferlies
+ferly
+fermata
+fermatas
+fermate
+ferment
+ferments
+fermi
+fermion
+fermions
+fermis
+fermium
+fermiums
+fern
+fernery
+fernier
+ferniest
+fernless
+fernlike
+ferns
+ferny
+ferocity
+ferrate
+ferrates
+ferrel
+ferreled
+ferrels
+ferreous
+ferret
+ferreted
+ferreter
+ferrets
+ferrety
+ferriage
+ferric
+ferried
+ferries
+ferrite
+ferrites
+ferritic
+ferritin
+ferrous
+ferrule
+ferruled
+ferrules
+ferrum
+ferrums
+ferry
+ferrying
+ferryman
+ferrymen
+fertile
+ferula
+ferulae
+ferulas
+ferule
+feruled
+ferules
+feruling
+fervency
+fervent
+fervid
+fervidly
+fervor
+fervors
+fervour
+fervours
+fescue
+fescues
+fess
+fesse
+fessed
+fesses
+fessing
+fesswise
+festal
+festally
+fester
+festered
+festers
+festival
+festive
+festoon
+festoons
+fet
+feta
+fetal
+fetas
+fetation
+fetch
+fetched
+fetcher
+fetchers
+fetches
+fetching
+fete
+feted
+feterita
+fetes
+fetial
+fetiales
+fetialis
+fetials
+fetich
+fetiches
+feticide
+fetid
+fetidly
+feting
+fetish
+fetishes
+fetlock
+fetlocks
+fetology
+fetor
+fetors
+fets
+fetted
+fetter
+fettered
+fetterer
+fetters
+fetting
+fettle
+fettled
+fettles
+fettling
+fetus
+fetuses
+feu
+feuar
+feuars
+feud
+feudal
+feudally
+feudary
+feuded
+feuding
+feudist
+feudists
+feuds
+feued
+feuing
+feus
+fever
+fevered
+feverfew
+fevering
+feverish
+feverous
+fevers
+few
+fewer
+fewest
+fewness
+fewtrils
+fey
+feyer
+feyest
+feyly
+feyness
+fez
+fezes
+fezzed
+fezzes
+fiacre
+fiacres
+fiance
+fiancee
+fiancees
+fiances
+fiar
+fiars
+fiaschi
+fiasco
+fiascoes
+fiascos
+fiat
+fiats
+fib
+fibbed
+fibber
+fibbers
+fibbing
+fiber
+fibered
+fiberize
+fibers
+fibranne
+fibre
+fibres
+fibril
+fibrilla
+fibrils
+fibrin
+fibrins
+fibroid
+fibroids
+fibroin
+fibroins
+fibroma
+fibromas
+fibroses
+fibrosis
+fibrotic
+fibrous
+fibs
+fibula
+fibulae
+fibular
+fibulas
+fice
+fices
+fiche
+fiches
+fichu
+fichus
+ficin
+ficins
+fickle
+fickler
+ficklest
+fickly
+fico
+ficoes
+fictile
+fiction
+fictions
+fictive
+ficus
+ficuses
+fid
+fiddle
+fiddled
+fiddler
+fiddlers
+fiddles
+fiddling
+fiddly
+fideism
+fideisms
+fideist
+fideists
+fidelity
+fidge
+fidged
+fidges
+fidget
+fidgeted
+fidgeter
+fidgets
+fidgety
+fidging
+fido
+fidos
+fids
+fiducial
+fie
+fief
+fiefdom
+fiefdoms
+fiefs
+field
+fielded
+fielder
+fielders
+fielding
+fields
+fiend
+fiendish
+fiends
+fierce
+fiercely
+fiercer
+fiercest
+fierier
+fieriest
+fierily
+fiery
+fiesta
+fiestas
+fife
+fifed
+fifer
+fifers
+fifes
+fifing
+fifteen
+fifteens
+fifth
+fifthly
+fifths
+fifties
+fiftieth
+fifty
+fiftyish
+fig
+figeater
+figged
+figging
+fight
+fighter
+fighters
+fighting
+fights
+figment
+figments
+figs
+figuline
+figural
+figurant
+figurate
+figure
+figured
+figurer
+figurers
+figures
+figurine
+figuring
+figwort
+figworts
+fil
+fila
+filagree
+filament
+filar
+filaree
+filarees
+filaria
+filariae
+filarial
+filarian
+filariid
+filature
+filbert
+filberts
+filch
+filched
+filcher
+filchers
+filches
+filching
+file
+fileable
+filed
+filefish
+filemot
+filer
+filers
+files
+filet
+fileted
+fileting
+filets
+filial
+filially
+filiate
+filiated
+filiates
+filibeg
+filibegs
+filicide
+filiform
+filigree
+filing
+filings
+filister
+fill
+fille
+filled
+filler
+fillers
+filles
+fillet
+filleted
+fillets
+fillies
+filling
+fillings
+fillip
+filliped
+fillips
+fillo
+fillos
+fills
+filly
+film
+filmable
+filmcard
+filmdom
+filmdoms
+filmed
+filmer
+filmers
+filmgoer
+filmic
+filmier
+filmiest
+filmily
+filming
+filmland
+films
+filmset
+filmsets
+filmy
+filo
+filos
+filose
+fils
+filter
+filtered
+filterer
+filters
+filth
+filthier
+filthily
+filths
+filthy
+filtrate
+filum
+fimble
+fimbles
+fimbria
+fimbriae
+fimbrial
+fin
+finable
+finagle
+finagled
+finagler
+finagles
+final
+finale
+finales
+finalis
+finalise
+finalism
+finalist
+finality
+finalize
+finally
+finals
+finance
+financed
+finances
+finback
+finbacks
+finch
+finches
+find
+findable
+finder
+finders
+finding
+findings
+finds
+fine
+fineable
+fined
+finely
+fineness
+finer
+fineries
+finery
+fines
+finespun
+finesse
+finessed
+finesses
+finest
+finfish
+finfoot
+finfoots
+finger
+fingered
+fingerer
+fingers
+finial
+finialed
+finials
+finical
+finickin
+finicky
+finikin
+finiking
+fining
+finings
+finis
+finises
+finish
+finished
+finisher
+finishes
+finite
+finitely
+finites
+finitude
+fink
+finked
+finking
+finks
+finless
+finlike
+finmark
+finmarks
+finned
+finnicky
+finnier
+finniest
+finning
+finnmark
+finny
+fino
+finochio
+finos
+fins
+fiord
+fiords
+fipple
+fipples
+fique
+fiques
+fir
+fire
+fireable
+firearm
+firearms
+fireback
+fireball
+firebase
+firebird
+fireboat
+firebomb
+firebox
+firebrat
+firebug
+firebugs
+fireclay
+fired
+firedamp
+firedog
+firedogs
+firefang
+firefly
+firehall
+fireless
+firelit
+firelock
+fireman
+firemen
+firepan
+firepans
+firepink
+fireplug
+firepot
+firepots
+firer
+fireroom
+firers
+fires
+fireside
+firetrap
+fireweed
+firewood
+firework
+fireworm
+firing
+firings
+firkin
+firkins
+firm
+firman
+firmans
+firmed
+firmer
+firmers
+firmest
+firming
+firmly
+firmness
+firms
+firmware
+firn
+firns
+firry
+firs
+first
+firstly
+firsts
+firth
+firths
+fisc
+fiscal
+fiscally
+fiscals
+fiscs
+fish
+fishable
+fishbolt
+fishbone
+fishbowl
+fished
+fisher
+fishers
+fishery
+fishes
+fisheye
+fisheyes
+fishgig
+fishgigs
+fishhook
+fishier
+fishiest
+fishily
+fishing
+fishings
+fishless
+fishlike
+fishline
+fishmeal
+fishnet
+fishnets
+fishpole
+fishpond
+fishtail
+fishway
+fishways
+fishwife
+fishworm
+fishy
+fissate
+fissile
+fission
+fissions
+fissiped
+fissure
+fissured
+fissures
+fist
+fisted
+fistful
+fistfuls
+fistic
+fisting
+fistnote
+fists
+fistula
+fistulae
+fistular
+fistulas
+fit
+fitch
+fitchee
+fitches
+fitchet
+fitchets
+fitchew
+fitchews
+fitchy
+fitful
+fitfully
+fitly
+fitment
+fitments
+fitness
+fits
+fittable
+fitted
+fitter
+fitters
+fittest
+fitting
+fittings
+five
+fivefold
+fivepins
+fiver
+fivers
+fives
+fix
+fixable
+fixate
+fixated
+fixates
+fixatif
+fixatifs
+fixating
+fixation
+fixative
+fixed
+fixedly
+fixer
+fixers
+fixes
+fixing
+fixings
+fixit
+fixities
+fixity
+fixt
+fixture
+fixtures
+fixure
+fixures
+fiz
+fizgig
+fizgigs
+fizz
+fizzed
+fizzer
+fizzers
+fizzes
+fizzier
+fizziest
+fizzing
+fizzle
+fizzled
+fizzles
+fizzling
+fizzy
+fjeld
+fjelds
+fjord
+fjords
+flab
+flabbier
+flabbily
+flabby
+flabella
+flabs
+flaccid
+flack
+flacked
+flackery
+flacking
+flacks
+flacon
+flacons
+flag
+flagella
+flagged
+flagger
+flaggers
+flaggier
+flagging
+flaggy
+flagless
+flagman
+flagmen
+flagon
+flagons
+flagpole
+flagrant
+flags
+flagship
+flail
+flailed
+flailing
+flails
+flair
+flairs
+flak
+flake
+flaked
+flaker
+flakers
+flakes
+flakey
+flakier
+flakiest
+flakily
+flaking
+flaky
+flam
+flambe
+flambeau
+flambee
+flambeed
+flambes
+flame
+flamed
+flamen
+flamenco
+flamens
+flameout
+flamer
+flamers
+flames
+flamier
+flamiest
+flamines
+flaming
+flamingo
+flammed
+flamming
+flams
+flamy
+flan
+flancard
+flanerie
+flanes
+flaneur
+flaneurs
+flange
+flanged
+flanger
+flangers
+flanges
+flanging
+flank
+flanked
+flanken
+flanker
+flankers
+flanking
+flanks
+flannel
+flannels
+flans
+flap
+flapjack
+flapless
+flapped
+flapper
+flappers
+flappier
+flapping
+flappy
+flaps
+flare
+flared
+flares
+flaring
+flash
+flashed
+flasher
+flashers
+flashes
+flashgun
+flashier
+flashily
+flashing
+flashy
+flask
+flasket
+flaskets
+flasks
+flat
+flatbed
+flatbeds
+flatboat
+flatcap
+flatcaps
+flatcar
+flatcars
+flatfeet
+flatfish
+flatfoot
+flathead
+flatiron
+flatland
+flatlet
+flatlets
+flatling
+flatlong
+flatly
+flatmate
+flatness
+flats
+flatted
+flatten
+flattens
+flatter
+flatters
+flattery
+flattest
+flatting
+flattish
+flattop
+flattops
+flatus
+flatuses
+flatware
+flatwash
+flatways
+flatwise
+flatwork
+flatworm
+flaunt
+flaunted
+flaunter
+flaunts
+flaunty
+flautist
+flavanol
+flavin
+flavine
+flavines
+flavins
+flavone
+flavones
+flavonol
+flavor
+flavored
+flavorer
+flavors
+flavory
+flavour
+flavours
+flavoury
+flaw
+flawed
+flawier
+flawiest
+flawing
+flawless
+flaws
+flawy
+flax
+flaxen
+flaxes
+flaxier
+flaxiest
+flaxseed
+flaxy
+flay
+flayed
+flayer
+flayers
+flaying
+flays
+flea
+fleabag
+fleabags
+fleabane
+fleabite
+fleam
+fleams
+fleapit
+fleapits
+fleas
+fleawort
+fleche
+fleches
+fleck
+flecked
+flecking
+flecks
+flecky
+flection
+fled
+fledge
+fledged
+fledges
+fledgier
+fledging
+fledgy
+flee
+fleece
+fleeced
+fleecer
+fleecers
+fleeces
+fleech
+fleeched
+fleeches
+fleecier
+fleecily
+fleecing
+fleecy
+fleeing
+fleer
+fleered
+fleering
+fleers
+flees
+fleet
+fleeted
+fleeter
+fleetest
+fleeting
+fleetly
+fleets
+fleishig
+flemish
+flench
+flenched
+flenches
+flense
+flensed
+flenser
+flensers
+flenses
+flensing
+flesh
+fleshed
+flesher
+fleshers
+fleshes
+fleshier
+fleshing
+fleshly
+fleshpot
+fleshy
+fletch
+fletched
+fletcher
+fletches
+fleury
+flew
+flews
+flex
+flexagon
+flexed
+flexes
+flexible
+flexibly
+flexile
+flexing
+flexion
+flexions
+flexor
+flexors
+flextime
+flexuose
+flexuous
+flexural
+flexure
+flexures
+fley
+fleyed
+fleying
+fleys
+flic
+flichter
+flick
+flicked
+flicker
+flickers
+flickery
+flicking
+flicks
+flics
+flied
+flier
+fliers
+flies
+fliest
+flight
+flighted
+flights
+flighty
+flimflam
+flimsier
+flimsies
+flimsily
+flimsy
+flinch
+flinched
+flincher
+flinches
+flinder
+flinders
+fling
+flinger
+flingers
+flinging
+flings
+flinkite
+flint
+flinted
+flintier
+flintily
+flinting
+flints
+flinty
+flip
+flippant
+flipped
+flipper
+flippers
+flippest
+flipping
+flippy
+flips
+flirt
+flirted
+flirter
+flirters
+flirtier
+flirting
+flirts
+flirty
+flit
+flitch
+flitched
+flitches
+flite
+flited
+flites
+fliting
+flits
+flitted
+flitter
+flitters
+flitting
+flivver
+flivvers
+float
+floatage
+floated
+floatel
+floatels
+floater
+floaters
+floatier
+floating
+floats
+floaty
+floc
+flocced
+flocci
+floccing
+floccose
+floccule
+flocculi
+floccus
+flock
+flocked
+flockier
+flocking
+flocks
+flocky
+flocs
+floe
+floes
+flog
+flogged
+flogger
+floggers
+flogging
+flogs
+flokati
+flokatis
+flong
+flongs
+flood
+flooded
+flooder
+flooders
+flooding
+floodlit
+floods
+floodway
+flooey
+flooie
+floor
+floorage
+floored
+floorer
+floorers
+flooring
+floors
+floosie
+floosies
+floosy
+floozie
+floozies
+floozy
+flop
+flopover
+flopped
+flopper
+floppers
+floppier
+floppies
+floppily
+flopping
+floppy
+flops
+flora
+florae
+floral
+florally
+florals
+floras
+florence
+floret
+florets
+florid
+floridly
+florigen
+florin
+florins
+florist
+florists
+floruit
+floruits
+floss
+flossed
+flosses
+flossie
+flossier
+flossies
+flossily
+flossing
+flossy
+flota
+flotage
+flotages
+flotas
+flotilla
+flotsam
+flotsams
+flounce
+flounced
+flounces
+flouncy
+flounder
+flour
+floured
+flouring
+flourish
+flours
+floury
+flout
+flouted
+flouter
+flouters
+flouting
+flouts
+flow
+flowage
+flowages
+flowed
+flower
+flowered
+flowerer
+floweret
+flowers
+flowery
+flowing
+flown
+flows
+flu
+flub
+flubbed
+flubber
+flubbers
+flubbing
+flubdub
+flubdubs
+flubs
+flue
+flued
+fluency
+fluent
+fluently
+flueric
+fluerics
+flues
+fluff
+fluffed
+fluffier
+fluffily
+fluffing
+fluffs
+fluffy
+fluid
+fluidal
+fluidic
+fluidics
+fluidise
+fluidity
+fluidize
+fluidly
+fluidram
+fluids
+fluke
+fluked
+flukes
+flukey
+flukier
+flukiest
+fluking
+fluky
+flume
+flumed
+flumes
+fluming
+flummery
+flummox
+flump
+flumped
+flumping
+flumps
+flung
+flunk
+flunked
+flunker
+flunkers
+flunkey
+flunkeys
+flunkies
+flunking
+flunks
+flunky
+fluor
+fluorene
+fluoric
+fluorid
+fluoride
+fluorids
+fluorin
+fluorine
+fluorins
+fluorite
+fluors
+flurried
+flurries
+flurry
+flus
+flush
+flushed
+flusher
+flushers
+flushes
+flushest
+flushing
+fluster
+flusters
+flute
+fluted
+fluter
+fluters
+flutes
+flutey
+flutier
+flutiest
+fluting
+flutings
+flutist
+flutists
+flutter
+flutters
+fluttery
+fluty
+fluvial
+flux
+fluxed
+fluxes
+fluxgate
+fluxing
+fluxion
+fluxions
+fluyt
+fluyts
+fly
+flyable
+flyaway
+flyaways
+flybelt
+flybelts
+flyblew
+flyblow
+flyblown
+flyblows
+flyboat
+flyboats
+flyboy
+flyboys
+flyby
+flybys
+flyer
+flyers
+flying
+flyings
+flyleaf
+flyless
+flyman
+flymen
+flyoff
+flyoffs
+flyover
+flyovers
+flypaper
+flypast
+flypasts
+flysch
+flysches
+flyspeck
+flyte
+flyted
+flytes
+flytier
+flytiers
+flyting
+flytings
+flytrap
+flytraps
+flyway
+flyways
+flywheel
+foal
+foaled
+foaling
+foals
+foam
+foamable
+foamed
+foamer
+foamers
+foamier
+foamiest
+foamily
+foaming
+foamless
+foamlike
+foams
+foamy
+fob
+fobbed
+fobbing
+fobs
+focaccia
+focal
+focalise
+focalize
+focally
+foci
+focus
+focused
+focuser
+focusers
+focuses
+focusing
+focussed
+focusses
+fodder
+foddered
+fodders
+fodgel
+foe
+foehn
+foehns
+foeman
+foemen
+foes
+foetal
+foetid
+foetor
+foetors
+foetus
+foetuses
+fog
+fogbound
+fogbow
+fogbows
+fogdog
+fogdogs
+fogey
+fogeys
+fogfruit
+foggage
+foggages
+fogged
+fogger
+foggers
+foggier
+foggiest
+foggily
+fogging
+foggy
+foghorn
+foghorns
+fogie
+fogies
+fogless
+fogs
+fogy
+fogyish
+fogyism
+fogyisms
+foh
+fohn
+fohns
+foible
+foibles
+foil
+foilable
+foiled
+foiling
+foils
+foilsman
+foilsmen
+foin
+foined
+foining
+foins
+foison
+foisons
+foist
+foisted
+foisting
+foists
+folacin
+folacins
+folate
+folates
+fold
+foldable
+foldaway
+foldboat
+folded
+folder
+folderol
+folders
+folding
+foldout
+foldouts
+folds
+folia
+foliage
+foliaged
+foliages
+foliar
+foliate
+foliated
+foliates
+folio
+folioed
+folioing
+folios
+foliose
+folious
+folium
+foliums
+folk
+folkie
+folkies
+folkish
+folklife
+folklike
+folklore
+folkmoot
+folkmot
+folkmote
+folkmots
+folks
+folksier
+folksily
+folksy
+folktale
+folkway
+folkways
+folky
+folles
+follicle
+follies
+follis
+follow
+followed
+follower
+follows
+folly
+foment
+fomented
+fomenter
+foments
+fomite
+fomites
+fon
+fond
+fondant
+fondants
+fonded
+fonder
+fondest
+fonding
+fondle
+fondled
+fondler
+fondlers
+fondles
+fondling
+fondly
+fondness
+fonds
+fondu
+fondue
+fondues
+fondus
+fons
+font
+fontal
+fontanel
+fontina
+fontinas
+fonts
+food
+foodie
+foodies
+foodless
+foods
+foodways
+foofaraw
+fool
+fooled
+foolery
+foolfish
+fooling
+foolish
+fools
+foolscap
+foot
+footage
+footages
+football
+footbath
+footboy
+footboys
+footed
+footer
+footers
+footfall
+footgear
+foothill
+foothold
+footie
+footier
+footies
+footiest
+footing
+footings
+footle
+footled
+footler
+footlers
+footles
+footless
+footlike
+footling
+footman
+footmark
+footmen
+footnote
+footpace
+footpad
+footpads
+footpath
+footrace
+footrest
+footrope
+foots
+footsie
+footsies
+footslog
+footsore
+footstep
+footsy
+footwall
+footway
+footways
+footwear
+footwork
+footworn
+footy
+foozle
+foozled
+foozler
+foozlers
+foozles
+foozling
+fop
+fopped
+foppery
+fopping
+foppish
+fops
+for
+fora
+forage
+foraged
+forager
+foragers
+forages
+foraging
+foram
+foramen
+foramens
+foramina
+forams
+foray
+forayed
+forayer
+forayers
+foraying
+forays
+forb
+forbad
+forbade
+forbear
+forbears
+forbid
+forbidal
+forbids
+forbode
+forboded
+forbodes
+forbore
+forborne
+forbs
+forby
+forbye
+force
+forced
+forcedly
+forceful
+forceps
+forcer
+forcers
+forces
+forcible
+forcibly
+forcing
+forcipes
+ford
+fordable
+forded
+fordid
+fording
+fordless
+fordo
+fordoes
+fordoing
+fordone
+fords
+fore
+forearm
+forearms
+forebay
+forebays
+forebear
+forebode
+forebody
+foreboom
+foreby
+forebye
+forecast
+foredate
+foredeck
+foredid
+foredo
+foredoes
+foredone
+foredoom
+foreface
+forefeel
+forefeet
+forefelt
+forefend
+forefoot
+forego
+foregoer
+foregoes
+foregone
+foregut
+foreguts
+forehand
+forehead
+forehoof
+foreign
+foreknew
+foreknow
+forelady
+foreland
+foreleg
+forelegs
+forelimb
+forelock
+foreman
+foremast
+foremen
+foremilk
+foremost
+forename
+forenoon
+forensic
+forepart
+forepast
+forepaw
+forepaws
+forepeak
+foreplay
+foreran
+forerank
+forerun
+foreruns
+fores
+foresaid
+foresail
+foresaw
+foresee
+foreseen
+foreseer
+foresees
+foreshow
+foreside
+foreskin
+forest
+forestal
+forestay
+forested
+forester
+forestry
+forests
+foretell
+foretime
+foretold
+foretop
+foretops
+forever
+forevers
+forewarn
+forewent
+forewing
+foreword
+foreworn
+foreyard
+forfeit
+forfeits
+forfend
+forfends
+forgat
+forgave
+forge
+forged
+forger
+forgers
+forgery
+forges
+forget
+forgets
+forging
+forgings
+forgive
+forgiven
+forgiver
+forgives
+forgo
+forgoer
+forgoers
+forgoes
+forgoing
+forgone
+forgot
+forint
+forints
+forjudge
+fork
+forkball
+forked
+forkedly
+forker
+forkers
+forkful
+forkfuls
+forkier
+forkiest
+forking
+forkless
+forklift
+forklike
+forks
+forksful
+forky
+forlorn
+form
+formable
+formal
+formalin
+formally
+formals
+formant
+formants
+format
+formate
+formates
+formats
+forme
+formed
+formee
+former
+formerly
+formers
+formes
+formful
+formic
+forming
+formless
+formol
+formols
+forms
+formula
+formulae
+formulas
+formwork
+formyl
+formyls
+fornical
+fornices
+fornix
+forrader
+forrit
+forsake
+forsaken
+forsaker
+forsakes
+forsook
+forsooth
+forspent
+forswear
+forswore
+forsworn
+fort
+forte
+fortes
+forth
+forties
+fortieth
+fortify
+fortis
+fortress
+forts
+fortuity
+fortune
+fortuned
+fortunes
+forty
+fortyish
+forum
+forums
+forward
+forwards
+forwent
+forwhy
+forworn
+forzando
+foss
+fossa
+fossae
+fossas
+fossate
+fosse
+fosses
+fossette
+fossick
+fossicks
+fossil
+fossils
+foster
+fostered
+fosterer
+fosters
+fou
+fouette
+fouettes
+fought
+foughten
+foul
+foulard
+foulards
+fouled
+fouler
+foulest
+fouling
+foulings
+foully
+foulness
+fouls
+found
+founded
+founder
+founders
+founding
+foundry
+founds
+fount
+fountain
+founts
+four
+fourchee
+fourfold
+fourgon
+fourgons
+fourplex
+fours
+foursome
+fourteen
+fourth
+fourthly
+fourths
+fovea
+foveae
+foveal
+foveas
+foveate
+foveated
+foveola
+foveolae
+foveolar
+foveolas
+foveole
+foveoles
+foveolet
+fowl
+fowled
+fowler
+fowlers
+fowling
+fowlings
+fowlpox
+fowls
+fox
+foxed
+foxes
+foxfire
+foxfires
+foxfish
+foxglove
+foxhole
+foxholes
+foxhound
+foxhunt
+foxhunts
+foxier
+foxiest
+foxily
+foxiness
+foxing
+foxings
+foxlike
+foxskin
+foxskins
+foxtail
+foxtails
+foxtrot
+foxtrots
+foxy
+foy
+foyer
+foyers
+foys
+fozier
+foziest
+foziness
+fozy
+frabjous
+fracas
+fracases
+fractal
+fractals
+fracted
+fracti
+fraction
+fractur
+fracture
+fracturs
+fractus
+frae
+fraena
+fraenum
+fraenums
+frag
+fragged
+fragging
+fragile
+fragment
+fragrant
+frags
+frail
+frailer
+frailest
+frailly
+frails
+frailty
+fraise
+fraises
+fraktur
+frakturs
+framable
+frame
+framed
+framer
+framers
+frames
+framing
+framings
+franc
+francium
+francs
+frank
+franked
+franker
+frankers
+frankest
+franking
+franklin
+frankly
+franks
+frantic
+frap
+frappe
+frapped
+frappes
+frapping
+fraps
+frass
+frasses
+frat
+frater
+fraters
+frats
+fraud
+frauds
+fraught
+fraughts
+fraulein
+fray
+frayed
+fraying
+frayings
+frays
+frazil
+frazils
+frazzle
+frazzled
+frazzles
+freak
+freaked
+freakier
+freakily
+freaking
+freakish
+freakout
+freaks
+freaky
+freckle
+freckled
+freckles
+freckly
+free
+freebase
+freebee
+freebees
+freebie
+freebies
+freeboot
+freeborn
+freed
+freedman
+freedmen
+freedom
+freedoms
+freeform
+freehand
+freehold
+freeing
+freeload
+freely
+freeman
+freemen
+freeness
+freer
+freers
+frees
+freesia
+freesias
+freest
+freeway
+freeways
+freewill
+freeze
+freezer
+freezers
+freezes
+freezing
+freight
+freights
+fremd
+fremitus
+frena
+french
+frenched
+frenches
+frenetic
+frenula
+frenulum
+frenum
+frenums
+frenzied
+frenzies
+frenzily
+frenzy
+frequent
+frere
+freres
+fresco
+frescoed
+frescoer
+frescoes
+frescos
+fresh
+freshed
+freshen
+freshens
+fresher
+freshes
+freshest
+freshet
+freshets
+freshing
+freshly
+freshman
+freshmen
+fresnel
+fresnels
+fret
+fretful
+fretless
+frets
+fretsaw
+fretsaws
+fretsome
+fretted
+fretter
+fretters
+frettier
+fretting
+fretty
+fretwork
+friable
+friar
+friaries
+friarly
+friars
+friary
+fribble
+fribbled
+fribbler
+fribbles
+fricando
+friction
+fridge
+fridges
+fried
+friend
+friended
+friendly
+friends
+frier
+friers
+fries
+frieze
+friezes
+frig
+frigate
+frigates
+frigged
+frigging
+fright
+frighted
+frighten
+frights
+frigid
+frigidly
+frigs
+frijol
+frijole
+frijoles
+frill
+frilled
+friller
+frillers
+frillier
+frilling
+frills
+frilly
+fringe
+fringed
+fringes
+fringier
+fringing
+fringy
+frippery
+frise
+frises
+frisette
+friseur
+friseurs
+frisk
+frisked
+frisker
+friskers
+frisket
+friskets
+friskier
+friskily
+frisking
+frisks
+frisky
+frisson
+frissons
+frit
+frith
+friths
+frits
+fritt
+frittata
+fritted
+fritter
+fritters
+fritting
+fritts
+fritz
+fritzes
+frivol
+frivoled
+frivoler
+frivols
+friz
+frized
+frizer
+frizers
+frizes
+frizette
+frizing
+frizz
+frizzed
+frizzer
+frizzers
+frizzes
+frizzier
+frizzily
+frizzing
+frizzle
+frizzled
+frizzler
+frizzles
+frizzly
+frizzy
+fro
+frock
+frocked
+frocking
+frocks
+froe
+froes
+frog
+frogeye
+frogeyed
+frogeyes
+frogfish
+frogged
+froggier
+frogging
+froggy
+froglike
+frogman
+frogmen
+frogs
+frolic
+frolicky
+frolics
+from
+fromage
+fromages
+fromenty
+frond
+fronded
+frondeur
+frondose
+fronds
+frons
+front
+frontage
+frontal
+frontals
+fronted
+fronter
+frontes
+frontier
+fronting
+frontlet
+fronton
+frontons
+fronts
+frore
+frosh
+frost
+frostbit
+frosted
+frosteds
+frostier
+frostily
+frosting
+frosts
+frosty
+froth
+frothed
+frothier
+frothily
+frothing
+froths
+frothy
+frottage
+frotteur
+froufrou
+frounce
+frounced
+frounces
+frouzier
+frouzy
+frow
+froward
+frown
+frowned
+frowner
+frowners
+frowning
+frowns
+frows
+frowsier
+frowst
+frowsted
+frowsts
+frowsty
+frowsy
+frowzier
+frowzily
+frowzy
+froze
+frozen
+frozenly
+fructify
+fructose
+frug
+frugal
+frugally
+frugged
+frugging
+frugs
+fruit
+fruitage
+fruited
+fruiter
+fruiters
+fruitful
+fruitier
+fruitily
+fruiting
+fruition
+fruitlet
+fruits
+fruity
+frumenty
+frump
+frumpier
+frumpily
+frumpish
+frumps
+frumpy
+frusta
+frustule
+frustum
+frustums
+fry
+fryer
+fryers
+frying
+frypan
+frypans
+fub
+fubbed
+fubbing
+fubs
+fubsier
+fubsiest
+fubsy
+fuchsia
+fuchsias
+fuchsin
+fuchsine
+fuchsins
+fuci
+fuck
+fucked
+fucker
+fuckers
+fucking
+fucks
+fuckup
+fuckups
+fucoid
+fucoidal
+fucoids
+fucose
+fucoses
+fucous
+fucus
+fucuses
+fud
+fuddle
+fuddled
+fuddles
+fuddling
+fudge
+fudged
+fudges
+fudging
+fuds
+fuehrer
+fuehrers
+fuel
+fueled
+fueler
+fuelers
+fueling
+fuelled
+fueller
+fuellers
+fuelling
+fuels
+fuelwood
+fug
+fugacity
+fugal
+fugally
+fugato
+fugatos
+fugged
+fuggier
+fuggiest
+fuggily
+fugging
+fuggy
+fugio
+fugios
+fugitive
+fugle
+fugled
+fugleman
+fuglemen
+fugles
+fugling
+fugs
+fugu
+fugue
+fugued
+fugues
+fuguing
+fuguist
+fuguists
+fugus
+fuhrer
+fuhrers
+fuji
+fujis
+fulcra
+fulcrum
+fulcrums
+fulfil
+fulfill
+fulfills
+fulfils
+fulgent
+fulgid
+fulham
+fulhams
+full
+fullam
+fullams
+fullback
+fulled
+fuller
+fullered
+fullers
+fullery
+fullest
+fullface
+fulling
+fullness
+fulls
+fully
+fulmar
+fulmars
+fulmine
+fulmined
+fulmines
+fulminic
+fulness
+fulsome
+fulvous
+fumarase
+fumarate
+fumaric
+fumarole
+fumatory
+fumble
+fumbled
+fumbler
+fumblers
+fumbles
+fumbling
+fume
+fumed
+fumeless
+fumelike
+fumer
+fumers
+fumes
+fumet
+fumets
+fumette
+fumettes
+fumier
+fumiest
+fumigant
+fumigate
+fuming
+fumingly
+fumitory
+fumuli
+fumulus
+fumy
+fun
+function
+functor
+functors
+fund
+funded
+fundi
+fundic
+funding
+funds
+fundus
+funeral
+funerals
+funerary
+funereal
+funest
+funfair
+funfairs
+fungal
+fungals
+fungi
+fungible
+fungic
+fungo
+fungoes
+fungoid
+fungoids
+fungous
+fungus
+funguses
+funicle
+funicles
+funiculi
+funk
+funked
+funker
+funkers
+funkia
+funkias
+funkier
+funkiest
+funking
+funks
+funky
+funned
+funnel
+funneled
+funnels
+funner
+funnest
+funnier
+funnies
+funniest
+funnily
+funning
+funny
+funnyman
+funnymen
+funs
+fur
+furan
+furane
+furanes
+furanose
+furans
+furbelow
+furbish
+furcate
+furcated
+furcates
+furcraea
+furcula
+furculae
+furcular
+furculum
+furfur
+furfural
+furfuran
+furfures
+furibund
+furies
+furioso
+furious
+furl
+furlable
+furled
+furler
+furlers
+furless
+furling
+furlong
+furlongs
+furlough
+furls
+furmenty
+furmety
+furmity
+furnace
+furnaced
+furnaces
+furnish
+furor
+furore
+furores
+furors
+furred
+furrier
+furriers
+furriery
+furriest
+furrily
+furriner
+furring
+furrings
+furrow
+furrowed
+furrower
+furrows
+furrowy
+furry
+furs
+further
+furthers
+furthest
+furtive
+furuncle
+fury
+furze
+furzes
+furzier
+furziest
+furzy
+fusain
+fusains
+fuscous
+fuse
+fused
+fusee
+fusees
+fusel
+fuselage
+fuseless
+fusels
+fuses
+fusible
+fusibly
+fusiform
+fusil
+fusile
+fusileer
+fusilier
+fusilli
+fusillis
+fusils
+fusing
+fusion
+fusions
+fuss
+fussed
+fusser
+fussers
+fusses
+fussier
+fussiest
+fussily
+fussing
+fusspot
+fusspots
+fussy
+fustian
+fustians
+fustic
+fustics
+fustier
+fustiest
+fustily
+fusty
+futharc
+futharcs
+futhark
+futharks
+futhorc
+futhorcs
+futhork
+futhorks
+futile
+futilely
+futility
+futon
+futons
+futtock
+futtocks
+futural
+future
+futures
+futurism
+futurist
+futurity
+futz
+futzed
+futzes
+futzing
+fuze
+fuzed
+fuzee
+fuzees
+fuzes
+fuzil
+fuzils
+fuzing
+fuzz
+fuzzed
+fuzzes
+fuzzier
+fuzziest
+fuzzily
+fuzzing
+fuzzy
+fyce
+fyces
+fyke
+fykes
+fylfot
+fylfots
+fytte
+fyttes
+gab
+gabbard
+gabbards
+gabbart
+gabbarts
+gabbed
+gabber
+gabbers
+gabbier
+gabbiest
+gabbing
+gabble
+gabbled
+gabbler
+gabblers
+gabbles
+gabbling
+gabbro
+gabbroic
+gabbroid
+gabbros
+gabby
+gabelle
+gabelled
+gabelles
+gabfest
+gabfests
+gabies
+gabion
+gabions
+gable
+gabled
+gables
+gabling
+gaboon
+gaboons
+gabs
+gaby
+gad
+gadabout
+gadarene
+gadded
+gadder
+gadders
+gaddi
+gadding
+gaddis
+gadflies
+gadfly
+gadget
+gadgetry
+gadgets
+gadgety
+gadi
+gadid
+gadids
+gadis
+gadoid
+gadoids
+gadroon
+gadroons
+gads
+gadwall
+gadwalls
+gadzooks
+gae
+gaed
+gaeing
+gaen
+gaes
+gaff
+gaffe
+gaffed
+gaffer
+gaffers
+gaffes
+gaffing
+gaffs
+gag
+gaga
+gagaku
+gagakus
+gage
+gaged
+gager
+gagers
+gages
+gagged
+gagger
+gaggers
+gagging
+gaggle
+gaggled
+gaggles
+gaggling
+gaging
+gagman
+gagmen
+gags
+gagster
+gagsters
+gahnite
+gahnites
+gaieties
+gaiety
+gaijin
+gaily
+gain
+gainable
+gained
+gainer
+gainers
+gainful
+gaining
+gainless
+gainlier
+gainly
+gains
+gainsaid
+gainsay
+gainsays
+gainst
+gait
+gaited
+gaiter
+gaiters
+gaiting
+gaits
+gal
+gala
+galabia
+galabias
+galabieh
+galabiya
+galactic
+galago
+galagos
+galah
+galahs
+galangal
+galas
+galatea
+galateas
+galavant
+galax
+galaxes
+galaxies
+galaxy
+galbanum
+gale
+galea
+galeae
+galeas
+galeate
+galeated
+galena
+galenas
+galenic
+galenite
+galere
+galeres
+gales
+galilee
+galilees
+galiot
+galiots
+galipot
+galipots
+galivant
+gall
+gallant
+gallants
+gallate
+gallates
+galleass
+galled
+gallein
+galleins
+galleon
+galleons
+galleria
+gallery
+gallet
+galleta
+galletas
+galleted
+gallets
+galley
+galleys
+gallfly
+galliard
+galliass
+gallic
+gallican
+gallied
+gallies
+galling
+galliot
+galliots
+gallipot
+gallium
+galliums
+gallnut
+gallnuts
+gallon
+gallons
+galloon
+galloons
+galloot
+galloots
+gallop
+galloped
+galloper
+gallops
+gallous
+gallows
+galls
+gallus
+gallused
+galluses
+gally
+gallying
+galoot
+galoots
+galop
+galopade
+galoped
+galoping
+galops
+galore
+galores
+galosh
+galoshe
+galoshed
+galoshes
+gals
+galumph
+galumphs
+galvanic
+galyac
+galyacs
+galyak
+galyaks
+gam
+gama
+gamas
+gamashes
+gamay
+gamays
+gamb
+gamba
+gambade
+gambades
+gambado
+gambados
+gambas
+gambe
+gambes
+gambeson
+gambia
+gambias
+gambier
+gambiers
+gambir
+gambirs
+gambit
+gambits
+gamble
+gambled
+gambler
+gamblers
+gambles
+gambling
+gamboge
+gamboges
+gambol
+gamboled
+gambols
+gambrel
+gambrels
+gambs
+gambusia
+game
+gamecock
+gamed
+gamelan
+gamelans
+gamelike
+gamely
+gameness
+gamer
+gamers
+games
+gamesman
+gamesmen
+gamesome
+gamest
+gamester
+gamete
+gametes
+gametic
+gamey
+gamic
+gamier
+gamiest
+gamily
+gamin
+gamine
+gamines
+gaminess
+gaming
+gamings
+gamins
+gamma
+gammadia
+gammas
+gammed
+gammer
+gammers
+gammier
+gammiest
+gamming
+gammon
+gammoned
+gammoner
+gammons
+gammy
+gamodeme
+gamp
+gamps
+gams
+gamut
+gamuts
+gamy
+gan
+ganache
+ganaches
+gander
+gandered
+ganders
+gane
+ganef
+ganefs
+ganev
+ganevs
+gang
+gangbang
+ganged
+ganger
+gangers
+ganging
+gangland
+ganglia
+ganglial
+gangliar
+ganglier
+gangling
+ganglion
+gangly
+gangplow
+gangrel
+gangrels
+gangrene
+gangs
+gangster
+gangue
+gangues
+gangway
+gangways
+ganister
+ganja
+ganjah
+ganjahs
+ganjas
+gannet
+gannets
+ganof
+ganofs
+ganoid
+ganoids
+gantlet
+gantlets
+gantline
+gantlope
+gantries
+gantry
+ganymede
+gaol
+gaoled
+gaoler
+gaolers
+gaoling
+gaols
+gap
+gape
+gaped
+gaper
+gapers
+gapes
+gapeseed
+gapeworm
+gaping
+gapingly
+gaposis
+gapped
+gappier
+gappiest
+gapping
+gappy
+gaps
+gapy
+gar
+garage
+garaged
+garages
+garaging
+garb
+garbage
+garbages
+garbanzo
+garbed
+garbing
+garble
+garbled
+garbler
+garblers
+garbles
+garbless
+garbling
+garboard
+garboil
+garboils
+garbs
+garcon
+garcons
+gardant
+garden
+gardened
+gardener
+gardenia
+gardens
+gardyloo
+garfish
+garganey
+garget
+gargets
+gargety
+gargle
+gargled
+gargler
+garglers
+gargles
+gargling
+gargoyle
+garigue
+garigues
+garish
+garishly
+garland
+garlands
+garlic
+garlicky
+garlics
+garment
+garments
+garner
+garnered
+garners
+garnet
+garnets
+garni
+garnish
+garote
+garoted
+garotes
+garoting
+garotte
+garotted
+garotter
+garottes
+garpike
+garpikes
+garred
+garret
+garrets
+garring
+garrison
+garron
+garrons
+garrote
+garroted
+garroter
+garrotes
+garrotte
+gars
+garter
+gartered
+garters
+garth
+garths
+garvey
+garveys
+gas
+gasalier
+gasbag
+gasbags
+gascon
+gascons
+gaselier
+gaseous
+gases
+gash
+gashed
+gasher
+gashes
+gashest
+gashing
+gashouse
+gasified
+gasifier
+gasifies
+gasiform
+gasify
+gasket
+gaskets
+gaskin
+gasking
+gaskings
+gaskins
+gasless
+gaslight
+gaslit
+gasman
+gasmen
+gasogene
+gasohol
+gasohols
+gasolene
+gasolier
+gasoline
+gasp
+gasped
+gasper
+gaspers
+gasping
+gasps
+gassed
+gasser
+gassers
+gasses
+gassier
+gassiest
+gassily
+gassing
+gassings
+gassy
+gast
+gasted
+gaster
+gasters
+gastight
+gasting
+gastness
+gastraea
+gastral
+gastrea
+gastreas
+gastric
+gastrin
+gastrins
+gastrula
+gasts
+gasworks
+gat
+gate
+gateau
+gateaux
+gated
+gatefold
+gateless
+gatelike
+gateman
+gatemen
+gatepost
+gates
+gateway
+gateways
+gather
+gathered
+gatherer
+gathers
+gating
+gator
+gators
+gats
+gauche
+gauchely
+gaucher
+gauchest
+gaucho
+gauchos
+gaud
+gaudery
+gaudier
+gaudies
+gaudiest
+gaudily
+gauds
+gaudy
+gauffer
+gauffers
+gauge
+gauged
+gauger
+gaugers
+gauges
+gauging
+gault
+gaults
+gaum
+gaumed
+gauming
+gaums
+gaun
+gaunt
+gaunter
+gauntest
+gauntlet
+gauntly
+gauntry
+gaur
+gaurs
+gauss
+gausses
+gauze
+gauzes
+gauzier
+gauziest
+gauzily
+gauzy
+gavage
+gavages
+gave
+gavel
+gaveled
+gaveling
+gavelled
+gavelock
+gavels
+gavial
+gavials
+gavot
+gavots
+gavotte
+gavotted
+gavottes
+gawk
+gawked
+gawker
+gawkers
+gawkier
+gawkies
+gawkiest
+gawkily
+gawking
+gawkish
+gawks
+gawky
+gawp
+gawped
+gawper
+gawpers
+gawping
+gawps
+gawsie
+gawsy
+gay
+gayal
+gayals
+gayer
+gayest
+gayeties
+gayety
+gayly
+gayness
+gays
+gaywings
+gazabo
+gazaboes
+gazabos
+gazania
+gazanias
+gazar
+gazars
+gaze
+gazebo
+gazeboes
+gazebos
+gazed
+gazelle
+gazelles
+gazer
+gazers
+gazes
+gazette
+gazetted
+gazettes
+gazing
+gazogene
+gazpacho
+gazump
+gazumped
+gazumper
+gazumps
+gear
+gearbox
+gearcase
+geared
+gearing
+gearings
+gearless
+gears
+geck
+gecked
+gecking
+gecko
+geckoes
+geckos
+gecks
+ged
+geds
+gee
+geed
+geegaw
+geegaws
+geeing
+geek
+geekier
+geekiest
+geeks
+geeky
+geepound
+gees
+geese
+geest
+geests
+geez
+geezer
+geezers
+geisha
+geishas
+gel
+gelable
+gelada
+geladas
+gelant
+gelants
+gelate
+gelated
+gelates
+gelati
+gelatin
+gelatine
+gelating
+gelatins
+gelation
+gelato
+gelatos
+geld
+gelded
+gelder
+gelders
+gelding
+geldings
+gelds
+gelee
+gelees
+gelid
+gelidity
+gelidly
+gellant
+gellants
+gelled
+gelling
+gels
+gelsemia
+gelt
+gelts
+gem
+geminal
+geminate
+gemlike
+gemma
+gemmae
+gemmate
+gemmated
+gemmates
+gemmed
+gemmier
+gemmiest
+gemmily
+gemming
+gemmule
+gemmules
+gemmy
+gemology
+gemot
+gemote
+gemotes
+gemots
+gems
+gemsbok
+gemsboks
+gemsbuck
+gemstone
+gen
+gendarme
+gender
+gendered
+genders
+gene
+genera
+general
+generals
+generate
+generic
+generics
+generous
+genes
+geneses
+genesis
+genet
+genetic
+genetics
+genets
+genette
+genettes
+geneva
+genevas
+genial
+genially
+genic
+genie
+genies
+genii
+genip
+genipap
+genipaps
+genips
+genital
+genitals
+genitive
+genitor
+genitors
+geniture
+genius
+geniuses
+genoa
+genoas
+genocide
+genoise
+genoises
+genom
+genome
+genomes
+genomic
+genoms
+genotype
+genre
+genres
+genro
+genros
+gens
+genseng
+gensengs
+gent
+genteel
+gentes
+gentian
+gentians
+gentil
+gentile
+gentiles
+gentle
+gentled
+gentler
+gentles
+gentlest
+gentling
+gently
+gentoo
+gentoos
+gentrice
+gentries
+gentrify
+gentry
+gents
+genu
+genua
+genuine
+genus
+genuses
+geode
+geodes
+geodesic
+geodesy
+geodetic
+geodic
+geoduck
+geoducks
+geognosy
+geoid
+geoidal
+geoids
+geologer
+geologic
+geology
+geomancy
+geometer
+geometry
+geophagy
+geophone
+geophyte
+geoponic
+geoprobe
+georgic
+georgics
+geotaxes
+geotaxis
+gerah
+gerahs
+geranial
+geraniol
+geranium
+gerardia
+gerbera
+gerberas
+gerbil
+gerbille
+gerbils
+gerent
+gerents
+gerenuk
+gerenuks
+germ
+german
+germane
+germanic
+germans
+germen
+germens
+germfree
+germier
+germiest
+germina
+germinal
+germs
+germy
+gerontic
+gerund
+gerunds
+gesneria
+gesso
+gessoed
+gessoes
+gest
+gestalt
+gestalts
+gestapo
+gestapos
+gestate
+gestated
+gestates
+geste
+gestes
+gestic
+gestical
+gests
+gestural
+gesture
+gestured
+gesturer
+gestures
+get
+geta
+getable
+getas
+getaway
+getaways
+gets
+gettable
+getter
+gettered
+getters
+getting
+getup
+getups
+geum
+geums
+gewgaw
+gewgaws
+gey
+geyser
+geysers
+gharial
+gharials
+gharri
+gharries
+gharris
+gharry
+ghast
+ghastful
+ghastly
+ghat
+ghats
+ghaut
+ghauts
+ghazi
+ghazies
+ghazis
+ghee
+ghees
+gherao
+gheraoed
+gheraoes
+gherkin
+gherkins
+ghetto
+ghettoed
+ghettoes
+ghettos
+ghi
+ghibli
+ghiblis
+ghillie
+ghillies
+ghis
+ghost
+ghosted
+ghostier
+ghosting
+ghostly
+ghosts
+ghosty
+ghoul
+ghoulie
+ghoulies
+ghoulish
+ghouls
+ghyll
+ghylls
+giant
+giantess
+giantism
+giants
+giaour
+giaours
+gib
+gibbed
+gibber
+gibbered
+gibbers
+gibbet
+gibbeted
+gibbets
+gibbing
+gibbon
+gibbons
+gibbose
+gibbous
+gibbsite
+gibe
+gibed
+giber
+gibers
+gibes
+gibing
+gibingly
+giblet
+giblets
+gibs
+gibson
+gibsons
+gid
+giddap
+giddied
+giddier
+giddies
+giddiest
+giddily
+giddy
+giddyap
+giddying
+giddyup
+gids
+gie
+gied
+gieing
+gien
+gies
+gift
+gifted
+giftedly
+gifting
+giftless
+gifts
+giftware
+gig
+giga
+gigabit
+gigabits
+gigabyte
+gigantic
+gigas
+gigaton
+gigatons
+gigawatt
+gigged
+gigging
+giggle
+giggled
+giggler
+gigglers
+giggles
+gigglier
+giggling
+giggly
+gighe
+giglet
+giglets
+giglot
+giglots
+gigolo
+gigolos
+gigot
+gigots
+gigs
+gigue
+gigues
+gilbert
+gilberts
+gild
+gilded
+gilder
+gilders
+gildhall
+gilding
+gildings
+gilds
+gill
+gilled
+giller
+gillers
+gillie
+gillied
+gillies
+gilling
+gillnet
+gillnets
+gills
+gilly
+gillying
+gilt
+gilthead
+gilts
+gimbal
+gimbaled
+gimbals
+gimcrack
+gimel
+gimels
+gimlet
+gimleted
+gimlets
+gimmal
+gimmals
+gimme
+gimmes
+gimmick
+gimmicks
+gimmicky
+gimmie
+gimmies
+gimp
+gimped
+gimpier
+gimpiest
+gimping
+gimps
+gimpy
+gin
+gingal
+gingall
+gingalls
+gingals
+gingeley
+gingeli
+gingelis
+gingelli
+gingelly
+gingely
+ginger
+gingered
+gingerly
+gingers
+gingery
+gingham
+ginghams
+gingili
+gingilis
+gingilli
+gingiva
+gingivae
+gingival
+gingko
+gingkoes
+gink
+ginkgo
+ginkgoes
+ginkgos
+ginks
+ginned
+ginner
+ginners
+ginnier
+ginniest
+ginning
+ginnings
+ginny
+gins
+ginseng
+ginsengs
+gip
+gipon
+gipons
+gipped
+gipper
+gippers
+gipping
+gips
+gipsied
+gipsies
+gipsy
+gipsying
+giraffe
+giraffes
+girasol
+girasole
+girasols
+gird
+girded
+girder
+girders
+girding
+girdle
+girdled
+girdler
+girdlers
+girdles
+girdling
+girds
+girl
+girlhood
+girlie
+girlies
+girlish
+girls
+girly
+girn
+girned
+girning
+girns
+giro
+giron
+girons
+giros
+girosol
+girosols
+girsh
+girshes
+girt
+girted
+girth
+girthed
+girthing
+girths
+girting
+girts
+gisarme
+gisarmes
+gismo
+gismos
+gist
+gists
+git
+gitano
+gitanos
+gits
+gittern
+gitterns
+gittin
+give
+giveable
+giveaway
+giveback
+given
+givens
+giver
+givers
+gives
+giving
+gizmo
+gizmos
+gizzard
+gizzards
+gjetost
+gjetosts
+glabella
+glabrate
+glabrous
+glace
+glaceed
+glaceing
+glaces
+glacial
+glaciate
+glacier
+glaciers
+glacis
+glacises
+glad
+gladded
+gladden
+gladdens
+gladder
+gladdest
+gladding
+glade
+glades
+gladiate
+gladier
+gladiest
+gladiola
+gladioli
+gladlier
+gladly
+gladness
+glads
+gladsome
+glady
+glaiket
+glaikit
+glair
+glaire
+glaired
+glaires
+glairier
+glairing
+glairs
+glairy
+glaive
+glaived
+glaives
+glamor
+glamors
+glamour
+glamours
+glance
+glanced
+glancer
+glancers
+glances
+glancing
+gland
+glanders
+glandes
+glands
+glandule
+glans
+glare
+glared
+glares
+glarier
+glariest
+glaring
+glary
+glasnost
+glass
+glassed
+glasses
+glassful
+glassie
+glassier
+glassies
+glassily
+glassine
+glassing
+glassman
+glassmen
+glassy
+glaucoma
+glaucous
+glaze
+glazed
+glazer
+glazers
+glazes
+glazier
+glaziers
+glaziery
+glaziest
+glazing
+glazings
+glazy
+gleam
+gleamed
+gleamer
+gleamers
+gleamier
+gleaming
+gleams
+gleamy
+glean
+gleaned
+gleaner
+gleaners
+gleaning
+gleans
+gleba
+glebae
+glebe
+glebes
+gled
+glede
+gledes
+gleds
+glee
+gleed
+gleeds
+gleeful
+gleek
+gleeked
+gleeking
+gleeks
+gleeman
+gleemen
+glees
+gleesome
+gleet
+gleeted
+gleetier
+gleeting
+gleets
+gleety
+gleg
+glegly
+glegness
+glen
+glenlike
+glenoid
+glens
+gley
+gleyed
+gleying
+gleyings
+gleys
+glia
+gliadin
+gliadine
+gliadins
+glial
+glias
+glib
+glibber
+glibbest
+glibly
+glibness
+glide
+glided
+glider
+gliders
+glides
+gliding
+gliff
+gliffs
+glim
+glime
+glimed
+glimes
+gliming
+glimmer
+glimmers
+glimpse
+glimpsed
+glimpser
+glimpses
+glims
+glint
+glinted
+glinting
+glints
+glioma
+gliomas
+gliomata
+glissade
+glisten
+glistens
+glister
+glisters
+glitch
+glitches
+glitchy
+glitter
+glitters
+glittery
+glitz
+glitzes
+glitzier
+glitzy
+gloam
+gloaming
+gloams
+gloat
+gloated
+gloater
+gloaters
+gloating
+gloats
+glob
+global
+globally
+globate
+globated
+globbier
+globby
+globe
+globed
+globes
+globin
+globing
+globins
+globoid
+globoids
+globose
+globous
+globs
+globular
+globule
+globules
+globulin
+glochid
+glochids
+glogg
+gloggs
+glom
+glomera
+glommed
+glomming
+gloms
+glomus
+glonoin
+glonoins
+gloom
+gloomed
+gloomful
+gloomier
+gloomily
+glooming
+glooms
+gloomy
+glop
+glopped
+glopping
+gloppy
+glops
+gloria
+glorias
+gloried
+glories
+glorify
+gloriole
+glorious
+glory
+glorying
+gloss
+glossa
+glossae
+glossal
+glossary
+glossas
+glossed
+glosseme
+glosser
+glossers
+glosses
+glossier
+glossies
+glossily
+glossina
+glossing
+glossy
+glost
+glosts
+glottal
+glottic
+glottis
+glout
+glouted
+glouting
+glouts
+glove
+gloved
+glover
+glovers
+gloves
+gloving
+glow
+glowed
+glower
+glowered
+glowers
+glowfly
+glowing
+glows
+glowworm
+gloxinia
+gloze
+glozed
+glozes
+glozing
+glucagon
+glucan
+glucans
+glucinic
+glucinum
+glucose
+glucoses
+glucosic
+glue
+glued
+glueing
+gluelike
+gluepot
+gluepots
+gluer
+gluers
+glues
+gluey
+glug
+glugged
+glugging
+glugs
+gluier
+gluiest
+gluily
+gluing
+glum
+glume
+glumes
+glumly
+glummer
+glummest
+glumness
+glumpier
+glumpily
+glumpy
+glunch
+glunched
+glunches
+gluon
+gluons
+glut
+gluteal
+glutei
+glutelin
+gluten
+glutens
+gluteus
+gluts
+glutted
+glutting
+glutton
+gluttons
+gluttony
+glycan
+glycans
+glyceric
+glycerin
+glycerol
+glyceryl
+glycin
+glycine
+glycines
+glycins
+glycogen
+glycol
+glycolic
+glycols
+glyconic
+glycosyl
+glycyl
+glycyls
+glyph
+glyphic
+glyphs
+glyptic
+glyptics
+gnar
+gnarl
+gnarled
+gnarlier
+gnarling
+gnarls
+gnarly
+gnarr
+gnarred
+gnarring
+gnarrs
+gnars
+gnash
+gnashed
+gnashes
+gnashing
+gnat
+gnathal
+gnathic
+gnathion
+gnathite
+gnatlike
+gnats
+gnattier
+gnatty
+gnaw
+gnawable
+gnawed
+gnawer
+gnawers
+gnawing
+gnawings
+gnawn
+gnaws
+gneiss
+gneisses
+gneissic
+gnocchi
+gnome
+gnomes
+gnomic
+gnomical
+gnomish
+gnomist
+gnomists
+gnomon
+gnomonic
+gnomons
+gnoses
+gnosis
+gnostic
+gnu
+gnus
+go
+goa
+goad
+goaded
+goading
+goadlike
+goads
+goal
+goaled
+goalie
+goalies
+goaling
+goalless
+goalpost
+goals
+goalward
+goanna
+goannas
+goas
+goat
+goatee
+goateed
+goatees
+goatfish
+goatherd
+goatish
+goatlike
+goats
+goatskin
+gob
+goban
+gobang
+gobangs
+gobans
+gobbed
+gobbet
+gobbets
+gobbing
+gobble
+gobbled
+gobbler
+gobblers
+gobbles
+gobbling
+gobies
+gobioid
+gobioids
+goblet
+goblets
+goblin
+goblins
+gobo
+goboes
+gobonee
+gobony
+gobos
+gobs
+goby
+god
+godchild
+goddam
+goddamn
+goddamns
+goddams
+godded
+goddess
+godding
+godet
+godets
+godhead
+godheads
+godhood
+godhoods
+godless
+godlier
+godliest
+godlike
+godlily
+godling
+godlings
+godly
+godown
+godowns
+godroon
+godroons
+gods
+godsend
+godsends
+godship
+godships
+godson
+godsons
+godwit
+godwits
+goer
+goers
+goes
+goethite
+gofer
+gofers
+goffer
+goffered
+goffers
+goggle
+goggled
+goggler
+gogglers
+goggles
+gogglier
+goggling
+goggly
+goglet
+goglets
+gogo
+gogos
+going
+goings
+goiter
+goiters
+goitre
+goitres
+goitrous
+golconda
+gold
+goldarn
+goldarns
+goldbug
+goldbugs
+golden
+goldener
+goldenly
+golder
+goldest
+goldeye
+goldeyes
+goldfish
+golds
+goldurn
+goldurns
+golem
+golems
+golf
+golfed
+golfer
+golfers
+golfing
+golfings
+golfs
+golgotha
+goliard
+goliards
+golliwog
+golly
+gollywog
+golosh
+goloshe
+goloshes
+gombo
+gombos
+gombroon
+gomeral
+gomerals
+gomerel
+gomerels
+gomeril
+gomerils
+gomuti
+gomutis
+gonad
+gonadal
+gonadial
+gonadic
+gonads
+gondola
+gondolas
+gone
+gonef
+gonefs
+goneness
+goner
+goners
+gonfalon
+gonfanon
+gong
+gonged
+gonging
+gonglike
+gongs
+gonia
+gonidia
+gonidial
+gonidic
+gonidium
+gonif
+goniff
+goniffs
+gonifs
+gonion
+gonium
+gonocyte
+gonof
+gonofs
+gonoph
+gonophs
+gonopore
+gonzo
+goo
+goober
+goobers
+good
+goodby
+goodbye
+goodbyes
+goodbys
+goodie
+goodies
+goodish
+goodlier
+goodly
+goodman
+goodmen
+goodness
+goods
+goodwife
+goodwill
+goody
+gooey
+goof
+goofball
+goofed
+goofier
+goofiest
+goofily
+goofing
+goofs
+goofy
+googlies
+googly
+googol
+googols
+gooier
+gooiest
+gook
+gooks
+gooky
+goombah
+goombahs
+goombay
+goombays
+goon
+gooney
+gooneys
+goonie
+goonies
+goons
+goony
+goop
+goopier
+goopiest
+goops
+goopy
+gooral
+goorals
+goos
+goose
+goosed
+gooses
+goosey
+goosier
+goosiest
+goosing
+goosy
+gopher
+gophers
+gor
+goral
+gorals
+gorbelly
+gorblimy
+gorcock
+gorcocks
+gore
+gored
+gores
+gorge
+gorged
+gorgedly
+gorgeous
+gorger
+gorgerin
+gorgers
+gorges
+gorget
+gorgeted
+gorgets
+gorging
+gorgon
+gorgons
+gorhen
+gorhens
+gorier
+goriest
+gorilla
+gorillas
+gorily
+goriness
+goring
+gormand
+gormands
+gormless
+gorp
+gorps
+gorse
+gorses
+gorsier
+gorsiest
+gorsy
+gory
+gosh
+goshawk
+goshawks
+gosling
+goslings
+gospel
+gospeler
+gospels
+gosport
+gosports
+gossamer
+gossan
+gossans
+gossip
+gossiped
+gossiper
+gossipry
+gossips
+gossipy
+gossoon
+gossoons
+gossypol
+got
+gothic
+gothics
+gothite
+gothites
+gotten
+gouache
+gouaches
+gouge
+gouged
+gouger
+gougers
+gouges
+gouging
+goulash
+gourami
+gouramis
+gourd
+gourde
+gourdes
+gourds
+gourmand
+gourmet
+gourmets
+gout
+goutier
+goutiest
+goutily
+gouts
+gouty
+govern
+governed
+governor
+governs
+gowan
+gowaned
+gowans
+gowany
+gowd
+gowds
+gowk
+gowks
+gown
+gowned
+gowning
+gowns
+gownsman
+gownsmen
+gox
+goxes
+goy
+goyim
+goyish
+goys
+graal
+graals
+grab
+grabbed
+grabber
+grabbers
+grabbier
+grabbing
+grabble
+grabbled
+grabbler
+grabbles
+grabby
+graben
+grabens
+grabs
+grace
+graced
+graceful
+graces
+gracile
+graciles
+gracilis
+gracing
+gracioso
+gracious
+grackle
+grackles
+grad
+gradable
+gradate
+gradated
+gradates
+grade
+graded
+grader
+graders
+grades
+gradient
+gradin
+gradine
+gradines
+grading
+gradins
+grads
+gradual
+graduals
+graduand
+graduate
+gradus
+graduses
+graecize
+graffiti
+graffito
+graft
+graftage
+grafted
+grafter
+grafters
+grafting
+grafts
+graham
+grahams
+grail
+grails
+grain
+grained
+grainer
+grainers
+grainier
+graining
+grains
+grainy
+gram
+grama
+gramary
+gramarye
+gramas
+gramercy
+grammar
+grammars
+gramme
+grammes
+gramp
+gramps
+grampus
+grams
+gran
+grana
+granary
+grand
+grandad
+grandads
+grandam
+grandame
+grandams
+granddad
+granddam
+grandee
+grandees
+grander
+grandest
+grandeur
+grandkid
+grandly
+grandma
+grandmas
+grandpa
+grandpas
+grands
+grandsir
+grandson
+grange
+granger
+grangers
+granges
+granita
+granitas
+granite
+granites
+granitic
+grannie
+grannies
+granny
+granola
+granolas
+grans
+grant
+granted
+grantee
+grantees
+granter
+granters
+granting
+grantor
+grantors
+grants
+granular
+granule
+granules
+granum
+grape
+grapery
+grapes
+grapey
+graph
+graphed
+grapheme
+graphic
+graphics
+graphing
+graphite
+graphs
+grapier
+grapiest
+graplin
+grapline
+graplins
+grapnel
+grapnels
+grappa
+grappas
+grapple
+grappled
+grappler
+grapples
+grapy
+grasp
+grasped
+grasper
+graspers
+grasping
+grasps
+grass
+grassed
+grasses
+grassier
+grassily
+grassing
+grassy
+grat
+grate
+grated
+grateful
+grater
+graters
+grates
+gratify
+gratin
+gratine
+gratinee
+grating
+gratings
+gratins
+gratis
+gratuity
+graupel
+graupels
+gravamen
+grave
+graved
+gravel
+graveled
+gravelly
+gravels
+gravely
+graven
+graver
+gravers
+graves
+gravest
+gravid
+gravida
+gravidae
+gravidas
+gravidly
+gravies
+graving
+gravitas
+graviton
+gravity
+gravlaks
+gravlax
+gravure
+gravures
+gravy
+gray
+grayback
+grayed
+grayer
+grayest
+grayfish
+graying
+grayish
+graylag
+graylags
+grayling
+grayly
+graymail
+grayness
+grayout
+grayouts
+grays
+grazable
+graze
+grazed
+grazer
+grazers
+grazes
+grazier
+graziers
+grazing
+grazings
+grazioso
+grease
+greased
+greaser
+greasers
+greases
+greasier
+greasily
+greasing
+greasy
+great
+greaten
+greatens
+greater
+greatest
+greatly
+greats
+greave
+greaved
+greaves
+grebe
+grebes
+grecize
+grecized
+grecizes
+gree
+greed
+greedier
+greedily
+greeds
+greedy
+greegree
+greeing
+greek
+green
+greenbug
+greened
+greener
+greenery
+greenest
+greenfly
+greenie
+greenier
+greenies
+greening
+greenish
+greenlet
+greenly
+greens
+greenth
+greenths
+greenway
+greeny
+grees
+greet
+greeted
+greeter
+greeters
+greeting
+greets
+grego
+gregos
+greige
+greiges
+greisen
+greisens
+gremial
+gremials
+gremlin
+gremlins
+gremmie
+gremmies
+gremmy
+grenade
+grenades
+grew
+grewsome
+grey
+greyed
+greyer
+greyest
+greyhen
+greyhens
+greying
+greyish
+greylag
+greylags
+greyly
+greyness
+greys
+gribble
+gribbles
+grid
+gridder
+gridders
+griddle
+griddled
+griddles
+gride
+grided
+grides
+griding
+gridiron
+gridlock
+grids
+grief
+griefs
+grievant
+grieve
+grieved
+griever
+grievers
+grieves
+grieving
+grievous
+griff
+griffe
+griffes
+griffin
+griffins
+griffon
+griffons
+griffs
+grift
+grifted
+grifter
+grifters
+grifting
+grifts
+grig
+grigri
+grigris
+grigs
+grill
+grillade
+grillage
+grille
+grilled
+griller
+grillers
+grilles
+grilling
+grills
+grilse
+grilses
+grim
+grimace
+grimaced
+grimacer
+grimaces
+grime
+grimed
+grimes
+grimier
+grimiest
+grimily
+griming
+grimly
+grimmer
+grimmest
+grimness
+grimy
+grin
+grinch
+grinches
+grind
+grinded
+grinder
+grinders
+grindery
+grinding
+grinds
+gringo
+gringos
+grinned
+grinner
+grinners
+grinning
+grins
+griot
+griots
+grip
+gripe
+griped
+griper
+gripers
+gripes
+gripey
+gripier
+gripiest
+griping
+gripman
+gripmen
+grippe
+gripped
+gripper
+grippers
+grippes
+grippier
+gripping
+gripple
+grippy
+grips
+gripsack
+gript
+gripy
+griseous
+grisette
+griskin
+griskins
+grislier
+grisly
+grison
+grisons
+grist
+gristle
+gristles
+gristly
+grists
+grit
+grith
+griths
+grits
+gritted
+grittier
+grittily
+gritting
+gritty
+grivet
+grivets
+grizzle
+grizzled
+grizzler
+grizzles
+grizzly
+groan
+groaned
+groaner
+groaners
+groaning
+groans
+groat
+groats
+grocer
+grocers
+grocery
+grog
+groggery
+groggier
+groggily
+groggy
+grogram
+grograms
+grogs
+grogshop
+groin
+groined
+groining
+groins
+grommet
+grommets
+gromwell
+groom
+groomed
+groomer
+groomers
+grooming
+grooms
+groove
+grooved
+groover
+groovers
+grooves
+groovier
+grooving
+groovy
+grope
+groped
+groper
+gropers
+gropes
+groping
+grosbeak
+groschen
+gross
+grossed
+grosser
+grossers
+grosses
+grossest
+grossing
+grossly
+grosz
+grosze
+groszy
+grot
+grots
+grottier
+grotto
+grottoes
+grottos
+grotty
+grouch
+grouched
+grouches
+grouchy
+ground
+grounded
+grounder
+grounds
+group
+grouped
+grouper
+groupers
+groupie
+groupies
+grouping
+groupoid
+groups
+grouse
+groused
+grouser
+grousers
+grouses
+grousing
+grout
+grouted
+grouter
+grouters
+groutier
+grouting
+grouts
+grouty
+grove
+groved
+grovel
+groveled
+groveler
+grovels
+groves
+grow
+growable
+grower
+growers
+growing
+growl
+growled
+growler
+growlers
+growlier
+growling
+growls
+growly
+grown
+grownup
+grownups
+grows
+growth
+growths
+growthy
+groyne
+groynes
+grub
+grubbed
+grubber
+grubbers
+grubbier
+grubbily
+grubbing
+grubby
+grubs
+grubworm
+grudge
+grudged
+grudger
+grudgers
+grudges
+grudging
+grue
+gruel
+grueled
+grueler
+gruelers
+grueling
+gruelled
+grueller
+gruels
+grues
+gruesome
+gruff
+gruffed
+gruffer
+gruffest
+gruffier
+gruffily
+gruffing
+gruffish
+gruffly
+gruffs
+gruffy
+grugru
+grugrus
+gruiform
+grum
+grumble
+grumbled
+grumbler
+grumbles
+grumbly
+grume
+grumes
+grummer
+grummest
+grummet
+grummets
+grumose
+grumous
+grump
+grumped
+grumphie
+grumphy
+grumpier
+grumpily
+grumping
+grumpish
+grumps
+grumpy
+grunge
+grunges
+grungier
+grungy
+grunion
+grunions
+grunt
+grunted
+grunter
+grunters
+grunting
+gruntle
+gruntled
+gruntles
+grunts
+grushie
+grutch
+grutched
+grutches
+grutten
+gruyere
+gruyeres
+gryphon
+gryphons
+guacharo
+guaco
+guacos
+guaiac
+guaiacol
+guaiacs
+guaiacum
+guaiocum
+guan
+guanaco
+guanacos
+guanase
+guanases
+guanay
+guanays
+guanidin
+guanin
+guanine
+guanines
+guanins
+guano
+guanos
+guans
+guar
+guarani
+guaranis
+guaranty
+guard
+guardant
+guarded
+guarder
+guarders
+guardian
+guarding
+guards
+guars
+guava
+guavas
+guayule
+guayules
+guck
+gucks
+gude
+gudes
+gudgeon
+gudgeons
+guenon
+guenons
+guerdon
+guerdons
+gueridon
+guerilla
+guernsey
+guess
+guessed
+guesser
+guessers
+guesses
+guessing
+guest
+guested
+guesting
+guests
+guff
+guffaw
+guffawed
+guffaws
+guffs
+guggle
+guggled
+guggles
+guggling
+guglet
+guglets
+guid
+guidable
+guidance
+guide
+guided
+guider
+guiders
+guides
+guideway
+guiding
+guidon
+guidons
+guids
+guild
+guilder
+guilders
+guilds
+guile
+guiled
+guileful
+guiles
+guiling
+guilt
+guiltier
+guiltily
+guilts
+guilty
+guimpe
+guimpes
+guinea
+guineas
+guipure
+guipures
+guiro
+guiros
+guisard
+guisards
+guise
+guised
+guises
+guising
+guitar
+guitars
+guitguit
+gul
+gulag
+gulags
+gular
+gulch
+gulches
+gulden
+guldens
+gules
+gulf
+gulfed
+gulfier
+gulfiest
+gulfing
+gulflike
+gulfs
+gulfweed
+gulfy
+gull
+gullable
+gullably
+gulled
+gullet
+gullets
+gulley
+gulleys
+gullible
+gullibly
+gullied
+gullies
+gulling
+gulls
+gully
+gullying
+gulosity
+gulp
+gulped
+gulper
+gulpers
+gulpier
+gulpiest
+gulping
+gulps
+gulpy
+guls
+gum
+gumbo
+gumboil
+gumboils
+gumboot
+gumboots
+gumbos
+gumbotil
+gumdrop
+gumdrops
+gumless
+gumlike
+gumma
+gummas
+gummata
+gummed
+gummer
+gummers
+gummier
+gummiest
+gumming
+gummite
+gummites
+gummose
+gummoses
+gummosis
+gummous
+gummy
+gumption
+gums
+gumshoe
+gumshoed
+gumshoes
+gumtree
+gumtrees
+gumweed
+gumweeds
+gumwood
+gumwoods
+gun
+gunboat
+gunboats
+gundog
+gundogs
+gunfight
+gunfire
+gunfires
+gunflint
+gunite
+gunites
+gunk
+gunkhole
+gunks
+gunky
+gunless
+gunlock
+gunlocks
+gunman
+gunmen
+gunmetal
+gunned
+gunnel
+gunnels
+gunnen
+gunner
+gunners
+gunnery
+gunnies
+gunning
+gunnings
+gunny
+gunnybag
+gunpaper
+gunplay
+gunplays
+gunpoint
+gunroom
+gunrooms
+guns
+gunsel
+gunsels
+gunship
+gunships
+gunshot
+gunshots
+gunsmith
+gunstock
+gunwale
+gunwales
+guppies
+guppy
+gurge
+gurged
+gurges
+gurging
+gurgle
+gurgled
+gurgles
+gurglet
+gurglets
+gurgling
+gurnard
+gurnards
+gurnet
+gurnets
+gurney
+gurneys
+gurries
+gurry
+gursh
+gurshes
+guru
+gurus
+guruship
+gush
+gushed
+gusher
+gushers
+gushes
+gushier
+gushiest
+gushily
+gushing
+gushy
+gusset
+gusseted
+gussets
+gussie
+gussied
+gussies
+gussy
+gussying
+gust
+gustable
+gusted
+gustier
+gustiest
+gustily
+gusting
+gustless
+gusto
+gustoes
+gusts
+gusty
+gut
+gutless
+gutlike
+guts
+gutsier
+gutsiest
+gutsily
+gutsy
+gutta
+guttae
+guttate
+guttated
+gutted
+gutter
+guttered
+gutters
+guttery
+guttier
+guttiest
+gutting
+guttle
+guttled
+guttler
+guttlers
+guttles
+guttling
+guttural
+gutty
+guv
+guvs
+guy
+guyed
+guying
+guyline
+guylines
+guyot
+guyots
+guys
+guzzle
+guzzled
+guzzler
+guzzlers
+guzzles
+guzzling
+gweduc
+gweduck
+gweducks
+gweducs
+gybe
+gybed
+gybes
+gybing
+gym
+gymkhana
+gymnasia
+gymnast
+gymnasts
+gyms
+gynaecea
+gynaecia
+gynandry
+gynarchy
+gynecia
+gynecic
+gynecium
+gynecoid
+gyniatry
+gynoecia
+gyp
+gyplure
+gyplures
+gypped
+gypper
+gyppers
+gypping
+gyps
+gypseian
+gypseous
+gypsied
+gypsies
+gypster
+gypsters
+gypsum
+gypsums
+gypsy
+gypsydom
+gypsying
+gypsyish
+gypsyism
+gyral
+gyrally
+gyrase
+gyrases
+gyrate
+gyrated
+gyrates
+gyrating
+gyration
+gyrator
+gyrators
+gyratory
+gyre
+gyred
+gyrene
+gyrenes
+gyres
+gyri
+gyring
+gyro
+gyroidal
+gyron
+gyrons
+gyros
+gyrose
+gyrostat
+gyrus
+gyve
+gyved
+gyves
+gyving
+ha
+haaf
+haafs
+haar
+haars
+habanera
+habdalah
+habile
+habit
+habitan
+habitans
+habitant
+habitat
+habitats
+habited
+habiting
+habits
+habitual
+habitude
+habitue
+habitues
+habitus
+haboob
+haboobs
+habu
+habus
+hacek
+haceks
+hachure
+hachured
+hachures
+hacienda
+hack
+hackbut
+hackbuts
+hacked
+hackee
+hackees
+hacker
+hackers
+hackie
+hackies
+hacking
+hackle
+hackled
+hackler
+hacklers
+hackles
+hacklier
+hackling
+hackly
+hackman
+hackmen
+hackney
+hackneys
+hacks
+hacksaw
+hacksaws
+hackwork
+had
+hadal
+hadarim
+haddest
+haddock
+haddocks
+hade
+haded
+hades
+hading
+hadith
+hadiths
+hadj
+hadjee
+hadjees
+hadjes
+hadji
+hadjis
+hadron
+hadronic
+hadrons
+hadst
+hae
+haed
+haeing
+haem
+haemal
+haematal
+haematic
+haematin
+haemic
+haemin
+haemins
+haemoid
+haems
+haen
+haeredes
+haeres
+haes
+haet
+haets
+haffet
+haffets
+haffit
+haffits
+hafis
+hafiz
+hafnium
+hafniums
+haft
+haftara
+haftarah
+haftaras
+haftarot
+hafted
+hafter
+hafters
+hafting
+haftorah
+haftorot
+hafts
+hag
+hagadic
+hagadist
+hagberry
+hagborn
+hagbush
+hagbut
+hagbuts
+hagdon
+hagdons
+hagfish
+haggada
+haggadah
+haggadas
+haggadic
+haggadot
+haggard
+haggards
+hagged
+hagging
+haggis
+haggises
+haggish
+haggle
+haggled
+haggler
+hagglers
+haggles
+haggling
+hagride
+hagrides
+hagrode
+hags
+hah
+haha
+hahas
+hahnium
+hahniums
+hahs
+haik
+haika
+haiks
+haiku
+hail
+hailed
+hailer
+hailers
+hailing
+hails
+hair
+hairball
+hairband
+haircap
+haircaps
+haircut
+haircuts
+hairdo
+hairdos
+haired
+hairier
+hairiest
+hairless
+hairlike
+hairline
+hairlock
+hairnet
+hairnets
+hairpin
+hairpins
+hairs
+hairwork
+hairworm
+hairy
+haj
+hajes
+haji
+hajis
+hajj
+hajjes
+hajji
+hajjis
+hake
+hakeem
+hakeems
+hakes
+hakim
+hakims
+halacha
+halachas
+halachot
+halakah
+halakahs
+halakha
+halakhas
+halakhot
+halakic
+halakist
+halakoth
+halala
+halalah
+halalahs
+halalas
+halation
+halavah
+halavahs
+halazone
+halberd
+halberds
+halbert
+halberts
+halcyon
+halcyons
+hale
+haled
+haleness
+haler
+halers
+haleru
+hales
+halest
+half
+halfback
+halfbeak
+halflife
+halfness
+halftime
+halftone
+halfway
+halibut
+halibuts
+halid
+halide
+halides
+halidom
+halidome
+halidoms
+halids
+haling
+halite
+halites
+halitus
+hall
+hallah
+hallahs
+hallel
+hallels
+halliard
+hallmark
+hallo
+halloa
+halloaed
+halloas
+halloed
+halloes
+halloing
+halloo
+hallooed
+halloos
+hallos
+hallot
+halloth
+hallow
+hallowed
+hallower
+hallows
+halls
+halluces
+hallux
+hallway
+hallways
+halm
+halma
+halmas
+halms
+halo
+haloed
+haloes
+halogen
+halogens
+haloid
+haloids
+haloing
+halolike
+halos
+halt
+halted
+halter
+haltere
+haltered
+halteres
+halters
+halting
+haltless
+halts
+halutz
+halutzim
+halva
+halvah
+halvahs
+halvas
+halve
+halved
+halvers
+halves
+halving
+halyard
+halyards
+ham
+hamada
+hamadas
+hamal
+hamals
+hamartia
+hamate
+hamates
+hamaul
+hamauls
+hambone
+hamboned
+hambones
+hamburg
+hamburgs
+hame
+hames
+hamlet
+hamlets
+hammada
+hammadas
+hammal
+hammals
+hammed
+hammer
+hammered
+hammerer
+hammers
+hammier
+hammiest
+hammily
+hamming
+hammock
+hammocks
+hammy
+hamper
+hampered
+hamperer
+hampers
+hams
+hamster
+hamsters
+hamular
+hamulate
+hamuli
+hamulose
+hamulous
+hamulus
+hamza
+hamzah
+hamzahs
+hamzas
+hanaper
+hanapers
+hance
+hances
+hand
+handbag
+handbags
+handball
+handbell
+handbill
+handbook
+handcar
+handcars
+handcart
+handcuff
+handed
+handfast
+handful
+handfuls
+handgrip
+handgun
+handguns
+handheld
+handhold
+handicap
+handier
+handiest
+handily
+handing
+handle
+handled
+handler
+handlers
+handles
+handless
+handlike
+handling
+handlist
+handloom
+handmade
+handmaid
+handoff
+handoffs
+handout
+handouts
+handover
+handpick
+handrail
+hands
+handsaw
+handsaws
+handsel
+handsels
+handset
+handsets
+handsewn
+handsful
+handsome
+handwork
+handwrit
+handy
+handyman
+handymen
+hang
+hangable
+hangar
+hangared
+hangars
+hangbird
+hangdog
+hangdogs
+hanged
+hanger
+hangers
+hangfire
+hanging
+hangings
+hangman
+hangmen
+hangnail
+hangnest
+hangout
+hangouts
+hangover
+hangs
+hangtag
+hangtags
+hangul
+hangup
+hangups
+haniwa
+hank
+hanked
+hanker
+hankered
+hankerer
+hankers
+hankie
+hankies
+hanking
+hanks
+hanky
+hansa
+hansas
+hanse
+hansel
+hanseled
+hansels
+hanses
+hansom
+hansoms
+hant
+hanted
+hanting
+hantle
+hantles
+hants
+hanuman
+hanumans
+hao
+haole
+haoles
+hap
+hapax
+hapaxes
+haphtara
+hapless
+haplite
+haplites
+haploid
+haploids
+haploidy
+haplont
+haplonts
+haplopia
+haploses
+haplosis
+haply
+happed
+happen
+happened
+happens
+happier
+happiest
+happily
+happing
+happy
+haps
+hapten
+haptene
+haptenes
+haptenic
+haptens
+haptic
+haptical
+harangue
+harass
+harassed
+harasser
+harasses
+harbor
+harbored
+harborer
+harbors
+harbour
+harbours
+hard
+hardback
+hardball
+hardboot
+hardcase
+hardcore
+hardedge
+harden
+hardened
+hardener
+hardens
+harder
+hardest
+hardhack
+hardhat
+hardhats
+hardhead
+hardier
+hardies
+hardiest
+hardily
+hardline
+hardly
+hardness
+hardnose
+hardpan
+hardpans
+hards
+hardset
+hardship
+hardtack
+hardtop
+hardtops
+hardware
+hardwire
+hardwood
+hardy
+hare
+harebell
+hared
+hareem
+hareems
+harelike
+harelip
+harelips
+harem
+harems
+hares
+hariana
+harianas
+haricot
+haricots
+harijan
+harijans
+haring
+hark
+harked
+harken
+harkened
+harkener
+harkens
+harking
+harks
+harl
+harlot
+harlotry
+harlots
+harls
+harm
+harmed
+harmer
+harmers
+harmful
+harmin
+harmine
+harmines
+harming
+harmins
+harmless
+harmonic
+harmony
+harms
+harness
+harp
+harped
+harper
+harpers
+harpies
+harpin
+harping
+harpings
+harpins
+harpist
+harpists
+harpoon
+harpoons
+harps
+harpy
+harridan
+harried
+harrier
+harriers
+harries
+harrow
+harrowed
+harrower
+harrows
+harrumph
+harry
+harrying
+harsh
+harshen
+harshens
+harsher
+harshest
+harshly
+harslet
+harslets
+hart
+hartal
+hartals
+harts
+harumph
+harumphs
+haruspex
+harvest
+harvests
+has
+hash
+hashed
+hasheesh
+hashes
+hashhead
+hashing
+hashish
+haslet
+haslets
+hasp
+hasped
+hasping
+hasps
+hassel
+hassels
+hassle
+hassled
+hassles
+hassling
+hassock
+hassocks
+hast
+hastate
+haste
+hasted
+hasteful
+hasten
+hastened
+hastener
+hastens
+hastes
+hastier
+hastiest
+hastily
+hasting
+hasty
+hat
+hatable
+hatband
+hatbands
+hatbox
+hatboxes
+hatch
+hatcheck
+hatched
+hatchel
+hatchels
+hatcher
+hatchers
+hatchery
+hatches
+hatchet
+hatchets
+hatching
+hatchway
+hate
+hateable
+hated
+hateful
+hater
+haters
+hates
+hatful
+hatfuls
+hath
+hating
+hatless
+hatlike
+hatmaker
+hatpin
+hatpins
+hatrack
+hatracks
+hatred
+hatreds
+hats
+hatsful
+hatted
+hatter
+hatteria
+hatters
+hatting
+hauberk
+hauberks
+haugh
+haughs
+haughty
+haul
+haulage
+haulages
+hauled
+hauler
+haulers
+haulier
+hauliers
+hauling
+haulm
+haulmier
+haulms
+haulmy
+hauls
+haulyard
+haunch
+haunched
+haunches
+haunt
+haunted
+haunter
+haunters
+haunting
+haunts
+hausen
+hausens
+hausfrau
+haut
+hautbois
+hautboy
+hautboys
+haute
+hauteur
+hauteurs
+havarti
+havartis
+havdalah
+have
+havelock
+haven
+havened
+havening
+havens
+haver
+havered
+haverel
+haverels
+havering
+havers
+haves
+having
+havior
+haviors
+haviour
+haviours
+havoc
+havocked
+havocker
+havocs
+haw
+hawed
+hawfinch
+hawing
+hawk
+hawkbill
+hawked
+hawker
+hawkers
+hawkey
+hawkeyed
+hawkeys
+hawkie
+hawkies
+hawking
+hawkings
+hawkish
+hawklike
+hawkmoth
+hawknose
+hawks
+hawkshaw
+hawkweed
+haws
+hawse
+hawser
+hawsers
+hawses
+hawthorn
+hay
+haycock
+haycocks
+hayed
+hayer
+hayers
+hayfield
+hayfork
+hayforks
+haying
+hayings
+haylage
+haylages
+hayloft
+haylofts
+haymaker
+haymow
+haymows
+hayrack
+hayracks
+hayrick
+hayricks
+hayride
+hayrides
+hays
+hayseed
+hayseeds
+haystack
+hayward
+haywards
+haywire
+haywires
+hazan
+hazanim
+hazans
+hazard
+hazarded
+hazards
+haze
+hazed
+hazel
+hazelhen
+hazelly
+hazelnut
+hazels
+hazer
+hazers
+hazes
+hazier
+haziest
+hazily
+haziness
+hazing
+hazings
+hazy
+hazzan
+hazzanim
+hazzans
+he
+head
+headache
+headachy
+headband
+headed
+header
+headers
+headfish
+headgate
+headgear
+headhunt
+headier
+headiest
+headily
+heading
+headings
+headlamp
+headland
+headless
+headline
+headlock
+headlong
+headman
+headmen
+headmost
+headnote
+headpin
+headpins
+headrace
+headrest
+headroom
+heads
+headsail
+headset
+headsets
+headship
+headsman
+headsmen
+headstay
+headway
+headways
+headwind
+headword
+headwork
+heady
+heal
+healable
+healed
+healer
+healers
+healing
+heals
+health
+healths
+healthy
+heap
+heaped
+heaping
+heaps
+hear
+hearable
+heard
+hearer
+hearers
+hearing
+hearings
+hearken
+hearkens
+hears
+hearsay
+hearsays
+hearse
+hearsed
+hearses
+hearsing
+heart
+hearted
+hearten
+heartens
+hearth
+hearths
+heartier
+hearties
+heartily
+hearting
+hearts
+hearty
+heat
+heatable
+heated
+heatedly
+heater
+heaters
+heath
+heathen
+heathens
+heather
+heathers
+heathery
+heathier
+heaths
+heathy
+heating
+heatless
+heats
+heaume
+heaumes
+heave
+heaved
+heaven
+heavenly
+heavens
+heaver
+heavers
+heaves
+heavier
+heavies
+heaviest
+heavily
+heaving
+heavy
+heavyset
+hebdomad
+hebe
+hebes
+hebetate
+hebetic
+hebetude
+hebraize
+hecatomb
+heck
+heckle
+heckled
+heckler
+hecklers
+heckles
+heckling
+hecks
+hectare
+hectares
+hectic
+hectical
+hecticly
+hector
+hectored
+hectors
+heddle
+heddles
+heder
+heders
+hedge
+hedged
+hedgehog
+hedgehop
+hedgepig
+hedger
+hedgerow
+hedgers
+hedges
+hedgier
+hedgiest
+hedging
+hedgy
+hedonic
+hedonics
+hedonism
+hedonist
+heed
+heeded
+heeder
+heeders
+heedful
+heeding
+heedless
+heeds
+heehaw
+heehawed
+heehaws
+heel
+heelball
+heeled
+heeler
+heelers
+heeling
+heelings
+heelless
+heelpost
+heels
+heeltap
+heeltaps
+heeze
+heezed
+heezes
+heezing
+heft
+hefted
+hefter
+hefters
+heftier
+heftiest
+heftily
+hefting
+hefts
+hefty
+hegari
+hegaris
+hegemony
+hegira
+hegiras
+hegumen
+hegumene
+hegumens
+hegumeny
+heh
+hehs
+heifer
+heifers
+heigh
+height
+heighten
+heighth
+heighths
+heights
+heil
+heiled
+heiling
+heils
+heimish
+heinie
+heinies
+heinous
+heir
+heirdom
+heirdoms
+heired
+heiress
+heiring
+heirless
+heirloom
+heirs
+heirship
+heishi
+heist
+heisted
+heister
+heisters
+heisting
+heists
+hejira
+hejiras
+hektare
+hektares
+held
+heliac
+heliacal
+heliast
+heliasts
+helical
+helices
+helicity
+helicoid
+helicon
+helicons
+helicopt
+helilift
+helio
+helios
+helipad
+helipads
+heliport
+helistop
+helium
+heliums
+helix
+helixes
+hell
+hellbent
+hellbox
+hellcat
+hellcats
+helled
+heller
+helleri
+hellers
+hellery
+hellfire
+hellhole
+helling
+hellion
+hellions
+hellish
+hellkite
+hello
+helloed
+helloes
+helloing
+hellos
+hells
+helluva
+helm
+helmed
+helmet
+helmeted
+helmets
+helming
+helminth
+helmless
+helms
+helmsman
+helmsmen
+helo
+helos
+helot
+helotage
+helotism
+helotry
+helots
+help
+helpable
+helped
+helper
+helpers
+helpful
+helping
+helpings
+helpless
+helpmate
+helpmeet
+helps
+helve
+helved
+helves
+helving
+hem
+hemagog
+hemagogs
+hemal
+hematal
+hematein
+hematic
+hematics
+hematin
+hematine
+hematins
+hematite
+hematoid
+hematoma
+heme
+hemes
+hemic
+hemin
+hemins
+hemiola
+hemiolas
+hemiolia
+hemipter
+hemline
+hemlines
+hemlock
+hemlocks
+hemmed
+hemmer
+hemmers
+hemming
+hemocoel
+hemocyte
+hemoid
+hemolyze
+hemostat
+hemp
+hempen
+hempie
+hempier
+hempiest
+hemplike
+hemps
+hempseed
+hempweed
+hempy
+hems
+hen
+henbane
+henbanes
+henbit
+henbits
+hence
+henchman
+henchmen
+hencoop
+hencoops
+henequen
+henequin
+henhouse
+heniquen
+henlike
+henna
+hennaed
+hennaing
+hennas
+hennery
+henpeck
+henpecks
+henries
+henry
+henrys
+hens
+hent
+hented
+henting
+hents
+hep
+heparin
+heparins
+hepatic
+hepatica
+hepatics
+hepatize
+hepatoma
+hepcat
+hepcats
+heptad
+heptads
+heptagon
+heptane
+heptanes
+heptarch
+heptose
+heptoses
+her
+herald
+heralded
+heraldic
+heraldry
+heralds
+herb
+herbage
+herbages
+herbal
+herbals
+herbaria
+herbed
+herbier
+herbiest
+herbless
+herblike
+herbs
+herby
+hercules
+herd
+herded
+herder
+herders
+herdic
+herdics
+herding
+herdlike
+herdman
+herdmen
+herds
+herdsman
+herdsmen
+here
+hereat
+hereaway
+hereby
+heredes
+heredity
+herein
+hereinto
+hereof
+hereon
+heres
+heresies
+heresy
+heretic
+heretics
+hereto
+heretrix
+hereunto
+hereupon
+herewith
+heriot
+heriots
+heritage
+heritor
+heritors
+heritrix
+herl
+herls
+herm
+herma
+hermae
+hermaean
+hermai
+hermetic
+hermit
+hermitic
+hermitry
+hermits
+herms
+hern
+hernia
+herniae
+hernial
+hernias
+herniate
+herns
+hero
+heroes
+heroic
+heroical
+heroics
+heroin
+heroine
+heroines
+heroins
+heroism
+heroisms
+heroize
+heroized
+heroizes
+heron
+heronry
+herons
+heros
+herpes
+herpetic
+herried
+herries
+herring
+herrings
+herry
+herrying
+hers
+herself
+herstory
+hertz
+hertzes
+hes
+hesitant
+hesitate
+hessian
+hessians
+hessite
+hessites
+hest
+hests
+het
+hetaera
+hetaerae
+hetaeras
+hetaeric
+hetaira
+hetairai
+hetairas
+hetero
+heteros
+heth
+heths
+hetman
+hetmans
+hets
+heuch
+heuchs
+heugh
+heughs
+hew
+hewable
+hewed
+hewer
+hewers
+hewing
+hewn
+hews
+hex
+hexad
+hexade
+hexades
+hexadic
+hexads
+hexagon
+hexagons
+hexagram
+hexamine
+hexane
+hexanes
+hexapla
+hexaplar
+hexaplas
+hexapod
+hexapods
+hexapody
+hexarchy
+hexed
+hexer
+hexerei
+hexereis
+hexers
+hexes
+hexing
+hexone
+hexones
+hexosan
+hexosans
+hexose
+hexoses
+hexyl
+hexyls
+hey
+heyday
+heydays
+heydey
+heydeys
+hi
+hiatal
+hiatus
+hiatuses
+hibachi
+hibachis
+hibernal
+hibiscus
+hic
+hiccough
+hiccup
+hiccuped
+hiccups
+hick
+hickey
+hickeys
+hickies
+hickish
+hickory
+hicks
+hid
+hidable
+hidalgo
+hidalgos
+hidden
+hiddenly
+hide
+hideaway
+hided
+hideless
+hideous
+hideout
+hideouts
+hider
+hiders
+hides
+hiding
+hidings
+hidroses
+hidrosis
+hidrotic
+hie
+hied
+hieing
+hiemal
+hierarch
+hieratic
+hies
+higgle
+higgled
+higgler
+higglers
+higgles
+higgling
+high
+highball
+highborn
+highboy
+highboys
+highbred
+highbrow
+highbush
+higher
+highest
+highjack
+highland
+highlife
+highly
+highness
+highroad
+highs
+highspot
+hight
+hightail
+highted
+highth
+highths
+highting
+hights
+highway
+highways
+hijack
+hijacked
+hijacker
+hijacks
+hijinks
+hike
+hiked
+hiker
+hikers
+hikes
+hiking
+hila
+hilar
+hilarity
+hilding
+hildings
+hili
+hill
+hilled
+hiller
+hillers
+hillier
+hilliest
+hilling
+hillo
+hilloa
+hilloaed
+hilloas
+hillock
+hillocks
+hillocky
+hilloed
+hilloes
+hilloing
+hillos
+hills
+hillside
+hilltop
+hilltops
+hilly
+hilt
+hilted
+hilting
+hiltless
+hilts
+hilum
+hilus
+him
+himatia
+himation
+himself
+hin
+hind
+hinder
+hindered
+hinderer
+hinders
+hindgut
+hindguts
+hindmost
+hinds
+hinge
+hinged
+hinger
+hingers
+hinges
+hinging
+hinnied
+hinnies
+hinny
+hinnying
+hins
+hint
+hinted
+hinter
+hinters
+hinting
+hints
+hip
+hipbone
+hipbones
+hipless
+hiplike
+hipline
+hiplines
+hipness
+hipparch
+hipped
+hipper
+hippest
+hippie
+hippier
+hippies
+hippiest
+hipping
+hippish
+hippo
+hippos
+hippy
+hips
+hipshot
+hipster
+hipsters
+hirable
+hiragana
+hircine
+hire
+hireable
+hired
+hireling
+hirer
+hirers
+hires
+hiring
+hirple
+hirpled
+hirples
+hirpling
+hirsel
+hirseled
+hirsels
+hirsle
+hirsled
+hirsles
+hirsling
+hirsute
+hirudin
+hirudins
+his
+hisn
+hispid
+hiss
+hissed
+hisself
+hisser
+hissers
+hisses
+hissies
+hissing
+hissings
+hissy
+hist
+histamin
+histed
+histidin
+histing
+histogen
+histoid
+histone
+histones
+historic
+history
+hists
+hit
+hitch
+hitched
+hitcher
+hitchers
+hitches
+hitching
+hither
+hitherto
+hitless
+hits
+hitter
+hitters
+hitting
+hive
+hived
+hiveless
+hives
+hiving
+hizzoner
+hm
+hmm
+ho
+hoactzin
+hoagie
+hoagies
+hoagy
+hoar
+hoard
+hoarded
+hoarder
+hoarders
+hoarding
+hoards
+hoarier
+hoariest
+hoarily
+hoars
+hoarse
+hoarsely
+hoarsen
+hoarsens
+hoarser
+hoarsest
+hoary
+hoatzin
+hoatzins
+hoax
+hoaxed
+hoaxer
+hoaxers
+hoaxes
+hoaxing
+hob
+hobbed
+hobbies
+hobbing
+hobbit
+hobbits
+hobble
+hobbled
+hobbler
+hobblers
+hobbles
+hobbling
+hobby
+hobbyist
+hoblike
+hobnail
+hobnails
+hobnob
+hobnobs
+hobo
+hoboed
+hoboes
+hoboing
+hoboism
+hoboisms
+hobos
+hobs
+hock
+hocked
+hocker
+hockers
+hockey
+hockeys
+hocking
+hocks
+hockshop
+hocus
+hocused
+hocuses
+hocusing
+hocussed
+hocusses
+hod
+hodad
+hodaddy
+hodads
+hodden
+hoddens
+hoddin
+hoddins
+hods
+hoe
+hoecake
+hoecakes
+hoed
+hoedown
+hoedowns
+hoeing
+hoelike
+hoer
+hoers
+hoes
+hog
+hogan
+hogans
+hogback
+hogbacks
+hogfish
+hogg
+hogged
+hogger
+hoggers
+hogget
+hoggets
+hogging
+hoggish
+hoggs
+hoglike
+hogmanay
+hogmane
+hogmanes
+hogmenay
+hognose
+hognoses
+hognut
+hognuts
+hogs
+hogshead
+hogtie
+hogtied
+hogties
+hogtying
+hogwash
+hogweed
+hogweeds
+hoick
+hoicked
+hoicking
+hoicks
+hoiden
+hoidened
+hoidens
+hoise
+hoised
+hoises
+hoising
+hoist
+hoisted
+hoister
+hoisters
+hoisting
+hoists
+hoke
+hoked
+hokes
+hokey
+hokier
+hokiest
+hokily
+hokiness
+hoking
+hokku
+hokum
+hokums
+hokypoky
+holard
+holards
+hold
+holdable
+holdall
+holdalls
+holdback
+holden
+holder
+holders
+holdfast
+holding
+holdings
+holdout
+holdouts
+holdover
+holds
+holdup
+holdups
+hole
+holed
+holeless
+holes
+holey
+holibut
+holibuts
+holiday
+holidays
+holier
+holies
+holiest
+holily
+holiness
+holing
+holism
+holisms
+holist
+holistic
+holists
+holk
+holked
+holking
+holks
+holla
+hollaed
+hollaing
+holland
+hollands
+hollas
+holler
+hollered
+hollers
+hollies
+hollo
+holloa
+holloaed
+holloas
+holloed
+holloes
+holloing
+holloo
+hollooed
+holloos
+hollos
+hollow
+hollowed
+hollower
+hollowly
+hollows
+holly
+holm
+holmic
+holmium
+holmiums
+holms
+hologamy
+hologram
+hologyny
+holotype
+holozoic
+holp
+holpen
+hols
+holstein
+holster
+holsters
+holt
+holts
+holy
+holyday
+holydays
+holytide
+homage
+homaged
+homager
+homagers
+homages
+homaging
+hombre
+hombres
+homburg
+homburgs
+home
+homebody
+homeboy
+homeboys
+homebred
+homed
+homeland
+homeless
+homelier
+homelike
+homely
+homemade
+homeobox
+homeotic
+homeport
+homer
+homered
+homering
+homeroom
+homers
+homes
+homesick
+homesite
+homespun
+homestay
+hometown
+homeward
+homework
+homey
+homicide
+homier
+homiest
+homilies
+homilist
+homily
+homines
+hominess
+homing
+hominian
+hominid
+hominids
+hominies
+hominine
+hominize
+hominoid
+hominy
+hommock
+hommocks
+hommos
+hommoses
+homo
+homogamy
+homogeny
+homogony
+homolog
+homologs
+homology
+homonym
+homonyms
+homonymy
+homos
+homosex
+homy
+hon
+honan
+honans
+honcho
+honchoed
+honchos
+honda
+hondas
+hondle
+hondled
+hondles
+hondling
+hone
+honed
+honer
+honers
+hones
+honest
+honester
+honestly
+honesty
+honewort
+honey
+honeybee
+honeybun
+honeydew
+honeyed
+honeyful
+honeying
+honeys
+hong
+hongs
+honied
+honing
+honk
+honked
+honker
+honkers
+honkey
+honkeys
+honkie
+honkies
+honking
+honks
+honky
+honor
+honorand
+honorary
+honored
+honoree
+honorees
+honorer
+honorers
+honoring
+honors
+honour
+honoured
+honourer
+honours
+hons
+hooch
+hooches
+hood
+hooded
+hoodie
+hoodier
+hoodies
+hoodiest
+hooding
+hoodless
+hoodlike
+hoodlum
+hoodlums
+hoodoo
+hoodooed
+hoodoos
+hoods
+hoodwink
+hoody
+hooey
+hooeys
+hoof
+hoofbeat
+hoofed
+hoofer
+hoofers
+hoofing
+hoofless
+hooflike
+hoofs
+hook
+hooka
+hookah
+hookahs
+hookas
+hooked
+hooker
+hookers
+hookey
+hookeys
+hookier
+hookies
+hookiest
+hooking
+hookless
+hooklet
+hooklets
+hooklike
+hooknose
+hooks
+hookup
+hookups
+hookworm
+hooky
+hoolie
+hooligan
+hooly
+hoop
+hooped
+hooper
+hoopers
+hooping
+hoopla
+hooplas
+hoopless
+hooplike
+hoopoe
+hoopoes
+hoopoo
+hoopoos
+hoops
+hoopster
+hoorah
+hoorahed
+hoorahs
+hooray
+hoorayed
+hoorays
+hoosegow
+hoosgow
+hoosgows
+hoot
+hootch
+hootches
+hooted
+hooter
+hooters
+hootier
+hootiest
+hooting
+hoots
+hooty
+hooved
+hooves
+hop
+hope
+hoped
+hopeful
+hopefuls
+hopeless
+hoper
+hopers
+hopes
+hophead
+hopheads
+hoping
+hoplite
+hoplites
+hoplitic
+hopped
+hopper
+hoppers
+hoppier
+hoppiest
+hopping
+hoppings
+hopple
+hoppled
+hopples
+hoppling
+hoppy
+hops
+hopsack
+hopsacks
+hoptoad
+hoptoads
+hora
+horah
+horahs
+horal
+horary
+horas
+horde
+horded
+hordein
+hordeins
+hordes
+hording
+horizon
+horizons
+hormonal
+hormone
+hormones
+hormonic
+horn
+hornbeam
+hornbill
+hornbook
+horned
+hornet
+hornets
+hornfels
+hornier
+horniest
+hornily
+horning
+hornist
+hornists
+hornito
+hornitos
+hornless
+hornlike
+hornpipe
+hornpout
+horns
+horntail
+hornworm
+hornwort
+horny
+horologe
+horology
+horrent
+horrible
+horribly
+horrid
+horridly
+horrific
+horrify
+horror
+horrors
+horse
+horsecar
+horsed
+horsefly
+horseman
+horsemen
+horsepox
+horses
+horsey
+horsier
+horsiest
+horsily
+horsing
+horst
+horste
+horstes
+horsts
+horsy
+hosanna
+hosannah
+hosannas
+hose
+hosed
+hosel
+hosels
+hosen
+hosepipe
+hoses
+hosier
+hosiers
+hosiery
+hosing
+hospice
+hospices
+hospital
+hospitia
+hospodar
+host
+hosta
+hostage
+hostages
+hostas
+hosted
+hostel
+hosteled
+hosteler
+hostelry
+hostels
+hostess
+hostile
+hostiles
+hosting
+hostler
+hostlers
+hostly
+hosts
+hot
+hotbed
+hotbeds
+hotblood
+hotbox
+hotboxes
+hotcake
+hotcakes
+hotch
+hotched
+hotches
+hotching
+hotchpot
+hotdog
+hotdogs
+hotel
+hoteldom
+hotelier
+hotelman
+hotelmen
+hotels
+hotfoot
+hotfoots
+hothead
+hotheads
+hothouse
+hotline
+hotlines
+hotly
+hotness
+hotpress
+hotrod
+hotrods
+hots
+hotshot
+hotshots
+hotspur
+hotspurs
+hotted
+hotter
+hottest
+hotting
+hottish
+houdah
+houdahs
+hound
+hounded
+hounder
+hounders
+hounding
+hounds
+hour
+houri
+houris
+hourly
+hours
+house
+houseboy
+housed
+housefly
+houseful
+housel
+houseled
+housels
+houseman
+housemen
+houser
+housers
+houses
+housesat
+housesit
+housetop
+housing
+housings
+hove
+hovel
+hoveled
+hoveling
+hovelled
+hovels
+hover
+hovered
+hoverer
+hoverers
+hovering
+hovers
+how
+howbeit
+howdah
+howdahs
+howdie
+howdied
+howdies
+howdy
+howdying
+howe
+howes
+however
+howf
+howff
+howffs
+howfs
+howitzer
+howk
+howked
+howking
+howks
+howl
+howled
+howler
+howlers
+howlet
+howlets
+howling
+howls
+hows
+hoy
+hoya
+hoyas
+hoyden
+hoydened
+hoydens
+hoyle
+hoyles
+hoys
+huarache
+huaracho
+hub
+hubbies
+hubbly
+hubbub
+hubbubs
+hubby
+hubcap
+hubcaps
+hubris
+hubrises
+hubs
+huck
+huckle
+huckles
+hucks
+huckster
+huddle
+huddled
+huddler
+huddlers
+huddles
+huddling
+hue
+hued
+hueless
+hues
+huff
+huffed
+huffier
+huffiest
+huffily
+huffing
+huffish
+huffs
+huffy
+hug
+huge
+hugely
+hugeness
+hugeous
+huger
+hugest
+huggable
+hugged
+hugger
+huggers
+hugging
+hugs
+huh
+huic
+huipil
+huipiles
+huipils
+huisache
+hula
+hulas
+hulk
+hulked
+hulkier
+hulkiest
+hulking
+hulks
+hulky
+hull
+hulled
+huller
+hullers
+hulling
+hullo
+hulloa
+hulloaed
+hulloas
+hulloed
+hulloes
+hulloing
+hullos
+hulls
+hum
+human
+humane
+humanely
+humaner
+humanest
+humanise
+humanism
+humanist
+humanity
+humanize
+humanly
+humanoid
+humans
+humate
+humates
+humble
+humbled
+humbler
+humblers
+humbles
+humblest
+humbling
+humbly
+humbug
+humbugs
+humdrum
+humdrums
+humeral
+humerals
+humeri
+humerus
+humic
+humid
+humidify
+humidity
+humidly
+humidor
+humidors
+humified
+humility
+hummable
+hummed
+hummer
+hummers
+humming
+hummock
+hummocks
+hummocky
+hummus
+hummuses
+humor
+humoral
+humored
+humorful
+humoring
+humorist
+humorous
+humors
+humour
+humoured
+humours
+hump
+humpback
+humped
+humph
+humphed
+humphing
+humphs
+humpier
+humpiest
+humping
+humpless
+humps
+humpy
+hums
+humus
+humuses
+humvee
+humvees
+hun
+hunch
+hunched
+hunches
+hunching
+hundred
+hundreds
+hung
+hunger
+hungered
+hungers
+hungover
+hungrier
+hungrily
+hungry
+hunh
+hunk
+hunker
+hunkered
+hunkers
+hunkier
+hunkies
+hunkiest
+hunks
+hunky
+hunnish
+huns
+hunt
+huntable
+hunted
+huntedly
+hunter
+hunters
+hunting
+huntings
+huntress
+hunts
+huntsman
+huntsmen
+hup
+hurdies
+hurdle
+hurdled
+hurdler
+hurdlers
+hurdles
+hurdling
+hurds
+hurl
+hurled
+hurler
+hurlers
+hurley
+hurleys
+hurlies
+hurling
+hurlings
+hurls
+hurly
+hurrah
+hurrahed
+hurrahs
+hurray
+hurrayed
+hurrays
+hurried
+hurrier
+hurriers
+hurries
+hurry
+hurrying
+hurst
+hursts
+hurt
+hurter
+hurters
+hurtful
+hurting
+hurtle
+hurtled
+hurtles
+hurtless
+hurtling
+hurts
+husband
+husbands
+hush
+hushaby
+hushed
+hushedly
+hushes
+hushful
+hushing
+husk
+husked
+husker
+huskers
+huskier
+huskies
+huskiest
+huskily
+husking
+huskings
+husklike
+husks
+husky
+hussar
+hussars
+hussies
+hussy
+hustings
+hustle
+hustled
+hustler
+hustlers
+hustles
+hustling
+huswife
+huswifes
+huswives
+hut
+hutch
+hutched
+hutches
+hutching
+hutlike
+hutment
+hutments
+huts
+hutted
+hutting
+hutzpa
+hutzpah
+hutzpahs
+hutzpas
+huzza
+huzzaed
+huzzah
+huzzahed
+huzzahs
+huzzaing
+huzzas
+hwan
+hyacinth
+hyaena
+hyaenas
+hyaenic
+hyalin
+hyaline
+hyalines
+hyalins
+hyalite
+hyalites
+hyalogen
+hyaloid
+hyaloids
+hybrid
+hybrids
+hybris
+hybrises
+hydatid
+hydatids
+hydra
+hydracid
+hydrae
+hydragog
+hydrant
+hydranth
+hydrants
+hydras
+hydrase
+hydrases
+hydrate
+hydrated
+hydrates
+hydrator
+hydria
+hydriae
+hydric
+hydrid
+hydride
+hydrides
+hydrids
+hydro
+hydrogel
+hydrogen
+hydroid
+hydroids
+hydromel
+hydronic
+hydropic
+hydrops
+hydropsy
+hydros
+hydroski
+hydrosol
+hydrous
+hydroxy
+hydroxyl
+hyena
+hyenas
+hyenic
+hyenine
+hyenoid
+hyetal
+hygeist
+hygeists
+hygieist
+hygiene
+hygienes
+hygienic
+hying
+hyla
+hylas
+hylozoic
+hymen
+hymenal
+hymeneal
+hymenia
+hymenial
+hymenium
+hymens
+hymn
+hymnal
+hymnals
+hymnary
+hymnbook
+hymned
+hymning
+hymnist
+hymnists
+hymnless
+hymnlike
+hymnody
+hymns
+hyoid
+hyoidal
+hyoidean
+hyoids
+hyoscine
+hyp
+hype
+hyped
+hyper
+hypergol
+hyperon
+hyperons
+hyperope
+hypes
+hypha
+hyphae
+hyphal
+hyphemia
+hyphen
+hyphened
+hyphens
+hyping
+hypnic
+hypnoid
+hypnoses
+hypnosis
+hypnotic
+hypo
+hypoacid
+hypoderm
+hypoed
+hypogea
+hypogeal
+hypogean
+hypogene
+hypogeum
+hypogyny
+hypoing
+hyponea
+hyponeas
+hyponoia
+hypopnea
+hypopyon
+hypos
+hypothec
+hypoxia
+hypoxias
+hypoxic
+hyps
+hyraces
+hyracoid
+hyrax
+hyraxes
+hyson
+hysons
+hyssop
+hyssops
+hysteria
+hysteric
+hyte
+iamb
+iambi
+iambic
+iambics
+iambs
+iambus
+iambuses
+iatric
+iatrical
+ibex
+ibexes
+ibices
+ibidem
+ibis
+ibises
+ibogaine
+ice
+iceberg
+icebergs
+iceblink
+iceboat
+iceboats
+icebound
+icebox
+iceboxes
+icecap
+icecaps
+iced
+icefall
+icefalls
+icehouse
+icekhana
+iceless
+icelike
+iceman
+icemen
+ices
+ich
+ichnite
+ichnites
+ichor
+ichorous
+ichors
+ichs
+ichthyic
+icicle
+icicled
+icicles
+icier
+iciest
+icily
+iciness
+icing
+icings
+ick
+icker
+ickers
+ickier
+ickiest
+ickily
+ickiness
+icky
+icon
+icones
+iconic
+iconical
+icons
+icteric
+icterics
+icterus
+ictic
+ictus
+ictuses
+icy
+id
+idea
+ideal
+idealess
+idealise
+idealism
+idealist
+ideality
+idealize
+ideally
+idealogy
+ideals
+ideas
+ideate
+ideated
+ideates
+ideating
+ideation
+ideative
+idem
+identic
+identify
+identity
+ideogram
+ideology
+ides
+idiocies
+idiocy
+idiolect
+idiom
+idioms
+idiot
+idiotic
+idiotism
+idiots
+idle
+idled
+idleness
+idler
+idlers
+idles
+idlesse
+idlesses
+idlest
+idling
+idly
+idocrase
+idol
+idolater
+idolator
+idolatry
+idolise
+idolised
+idoliser
+idolises
+idolism
+idolisms
+idolize
+idolized
+idolizer
+idolizes
+idols
+idoneity
+idoneous
+ids
+idyl
+idylist
+idylists
+idyll
+idyllic
+idyllist
+idylls
+idyls
+if
+iff
+iffier
+iffiest
+iffiness
+iffy
+ifs
+igloo
+igloos
+iglu
+iglus
+ignatia
+ignatias
+igneous
+ignified
+ignifies
+ignify
+ignite
+ignited
+igniter
+igniters
+ignites
+igniting
+ignition
+ignitor
+ignitors
+ignitron
+ignoble
+ignobly
+ignominy
+ignorami
+ignorant
+ignore
+ignored
+ignorer
+ignorers
+ignores
+ignoring
+iguana
+iguanas
+iguanian
+ihram
+ihrams
+ikat
+ikats
+ikebana
+ikebanas
+ikon
+ikons
+ilea
+ileac
+ileal
+ileitis
+ileum
+ileus
+ileuses
+ilex
+ilexes
+ilia
+iliac
+iliad
+iliads
+ilial
+ilium
+ilk
+ilka
+ilks
+ill
+illation
+illative
+illegal
+illegals
+iller
+illest
+illicit
+illinium
+illiquid
+illite
+illites
+illitic
+illness
+illogic
+illogics
+ills
+illume
+illumed
+illumes
+illumine
+illuming
+illusion
+illusive
+illusory
+illuvia
+illuvial
+illuvium
+illy
+ilmenite
+image
+imaged
+imager
+imagers
+imagery
+images
+imaginal
+imagine
+imagined
+imaginer
+imagines
+imaging
+imagings
+imagism
+imagisms
+imagist
+imagists
+imago
+imagoes
+imagos
+imam
+imamate
+imamates
+imams
+imaret
+imarets
+imaum
+imaums
+imbalm
+imbalmed
+imbalmer
+imbalms
+imbark
+imbarked
+imbarks
+imbecile
+imbed
+imbedded
+imbeds
+imbibe
+imbibed
+imbiber
+imbibers
+imbibes
+imbibing
+imbitter
+imblaze
+imblazed
+imblazes
+imbodied
+imbodies
+imbody
+imbolden
+imbosom
+imbosoms
+imbower
+imbowers
+imbrown
+imbrowns
+imbrue
+imbrued
+imbrues
+imbruing
+imbrute
+imbruted
+imbrutes
+imbue
+imbued
+imbues
+imbuing
+imid
+imide
+imides
+imidic
+imido
+imids
+imine
+imines
+imino
+imitable
+imitate
+imitated
+imitates
+imitator
+immane
+immanent
+immature
+immense
+immenser
+immerge
+immerged
+immerges
+immerse
+immersed
+immerses
+immesh
+immeshed
+immeshes
+immies
+imminent
+immingle
+immix
+immixed
+immixes
+immixing
+immobile
+immodest
+immolate
+immoral
+immortal
+immotile
+immune
+immunes
+immunise
+immunity
+immunize
+immure
+immured
+immures
+immuring
+immy
+imp
+impact
+impacted
+impacter
+impactor
+impacts
+impaint
+impaints
+impair
+impaired
+impairer
+impairs
+impala
+impalas
+impale
+impaled
+impaler
+impalers
+impales
+impaling
+impanel
+impanels
+imparity
+impark
+imparked
+imparks
+impart
+imparted
+imparter
+imparts
+impasse
+impasses
+impaste
+impasted
+impastes
+impasto
+impastos
+impavid
+impawn
+impawned
+impawns
+impeach
+impearl
+impearls
+imped
+impede
+impeded
+impeder
+impeders
+impedes
+impeding
+impel
+impelled
+impeller
+impellor
+impels
+impend
+impended
+impends
+imperia
+imperial
+imperil
+imperils
+imperium
+impetigo
+impetus
+imphee
+imphees
+impi
+impiety
+imping
+impinge
+impinged
+impinger
+impinges
+impings
+impious
+impis
+impish
+impishly
+implant
+implants
+implead
+impleads
+impledge
+implicit
+implied
+implies
+implode
+imploded
+implodes
+implore
+implored
+implorer
+implores
+imply
+implying
+impolicy
+impolite
+impone
+imponed
+impones
+imponing
+imporous
+import
+imported
+importer
+imports
+impose
+imposed
+imposer
+imposers
+imposes
+imposing
+impost
+imposted
+imposter
+impostor
+imposts
+impotent
+impound
+impounds
+impower
+impowers
+impregn
+impregns
+impresa
+impresas
+imprese
+impreses
+impress
+imprest
+imprests
+imprimis
+imprint
+imprints
+imprison
+improper
+improv
+improve
+improved
+improver
+improves
+improvs
+imps
+impudent
+impugn
+impugned
+impugner
+impugns
+impulse
+impulsed
+impulses
+impunity
+impure
+impurely
+impurity
+impute
+imputed
+imputer
+imputers
+imputes
+imputing
+in
+inaction
+inactive
+inane
+inanely
+inaner
+inanes
+inanest
+inanity
+inapt
+inaptly
+inarable
+inarch
+inarched
+inarches
+inarm
+inarmed
+inarming
+inarms
+inbeing
+inbeings
+inboard
+inboards
+inborn
+inbound
+inbounds
+inbred
+inbreds
+inbreed
+inbreeds
+inbuilt
+inburst
+inbursts
+inby
+inbye
+incage
+incaged
+incages
+incaging
+incant
+incanted
+incants
+incase
+incased
+incases
+incasing
+incense
+incensed
+incenses
+incenter
+incept
+incepted
+inceptor
+incepts
+incest
+incests
+inch
+inched
+inches
+inching
+inchmeal
+inchoate
+inchworm
+incident
+incipit
+incipits
+incisal
+incise
+incised
+incises
+incising
+incision
+incisive
+incisor
+incisors
+incisory
+incisure
+incitant
+incite
+incited
+inciter
+inciters
+incites
+inciting
+incivil
+inclasp
+inclasps
+incline
+inclined
+incliner
+inclines
+inclip
+inclips
+inclose
+inclosed
+incloser
+incloses
+include
+included
+includes
+incog
+incogs
+income
+incomer
+incomers
+incomes
+incoming
+inconnu
+inconnus
+incony
+incorpse
+increase
+increate
+incross
+incrust
+incrusts
+incubate
+incubi
+incubus
+incudal
+incudate
+incudes
+incult
+incumber
+incur
+incurred
+incurs
+incurve
+incurved
+incurves
+incus
+incuse
+incused
+incuses
+incusing
+indaba
+indabas
+indagate
+indamin
+indamine
+indamins
+indebted
+indecent
+indeed
+indene
+indenes
+indent
+indented
+indenter
+indentor
+indents
+indevout
+index
+indexed
+indexer
+indexers
+indexes
+indexing
+indican
+indicans
+indicant
+indicate
+indices
+indicia
+indicias
+indicium
+indict
+indicted
+indictee
+indicter
+indictor
+indicts
+indie
+indies
+indigen
+indigene
+indigens
+indigent
+indign
+indignly
+indigo
+indigoes
+indigoid
+indigos
+indirect
+indite
+indited
+inditer
+inditers
+indites
+inditing
+indium
+indiums
+indocile
+indol
+indole
+indolent
+indoles
+indols
+indoor
+indoors
+indorse
+indorsed
+indorsee
+indorser
+indorses
+indorsor
+indow
+indowed
+indowing
+indows
+indoxyl
+indoxyls
+indraft
+indrafts
+indrawn
+indri
+indris
+induce
+induced
+inducer
+inducers
+induces
+inducing
+induct
+inducted
+inductee
+inductor
+inducts
+indue
+indued
+indues
+induing
+indulge
+indulged
+indulger
+indulges
+indulin
+induline
+indulins
+indult
+indults
+indurate
+indusia
+indusial
+indusium
+industry
+indwell
+indwells
+indwelt
+inearth
+inearths
+inedible
+inedita
+inedited
+inept
+ineptly
+inequity
+inerrant
+inert
+inertia
+inertiae
+inertial
+inertias
+inertly
+inerts
+inexact
+inexpert
+infall
+infalls
+infamies
+infamous
+infamy
+infancy
+infant
+infanta
+infantas
+infante
+infantes
+infantry
+infants
+infarct
+infarcts
+infare
+infares
+infauna
+infaunae
+infaunal
+infaunas
+infect
+infected
+infecter
+infector
+infects
+infecund
+infeoff
+infeoffs
+infer
+inferior
+infernal
+inferno
+infernos
+inferred
+inferrer
+infers
+infest
+infested
+infester
+infests
+infidel
+infidels
+infield
+infields
+infight
+infights
+infinite
+infinity
+infirm
+infirmed
+infirmly
+infirms
+infix
+infixed
+infixes
+infixing
+infixion
+inflame
+inflamed
+inflamer
+inflames
+inflate
+inflated
+inflater
+inflates
+inflator
+inflect
+inflects
+inflexed
+inflict
+inflicts
+inflight
+inflow
+inflows
+influent
+influx
+influxes
+info
+infold
+infolded
+infolder
+infolds
+inform
+informal
+informed
+informer
+informs
+infos
+infought
+infra
+infract
+infracts
+infrared
+infringe
+infrugal
+infuse
+infused
+infuser
+infusers
+infuses
+infusing
+infusion
+infusive
+ingate
+ingates
+ingather
+ingenue
+ingenues
+ingest
+ingesta
+ingested
+ingests
+ingle
+ingles
+ingoing
+ingot
+ingoted
+ingoting
+ingots
+ingraft
+ingrafts
+ingrain
+ingrains
+ingrate
+ingrates
+ingress
+ingroup
+ingroups
+ingrown
+ingrowth
+inguinal
+ingulf
+ingulfed
+ingulfs
+inhabit
+inhabits
+inhalant
+inhale
+inhaled
+inhaler
+inhalers
+inhales
+inhaling
+inhaul
+inhauler
+inhauls
+inhere
+inhered
+inherent
+inheres
+inhering
+inherit
+inherits
+inhesion
+inhibin
+inhibins
+inhibit
+inhibits
+inhuman
+inhumane
+inhume
+inhumed
+inhumer
+inhumers
+inhumes
+inhuming
+inia
+inimical
+inion
+iniquity
+initial
+initials
+initiate
+inject
+injected
+injector
+injects
+injure
+injured
+injurer
+injurers
+injures
+injuries
+injuring
+injury
+ink
+inkberry
+inkblot
+inkblots
+inked
+inker
+inkers
+inkhorn
+inkhorns
+inkier
+inkiest
+inkiness
+inking
+inkjet
+inkle
+inkles
+inkless
+inklike
+inkling
+inklings
+inkpot
+inkpots
+inks
+inkstand
+inkstone
+inkwell
+inkwells
+inkwood
+inkwoods
+inky
+inlace
+inlaced
+inlaces
+inlacing
+inlaid
+inland
+inlander
+inlands
+inlay
+inlayer
+inlayers
+inlaying
+inlays
+inlet
+inlets
+inlier
+inliers
+inly
+inmate
+inmates
+inmesh
+inmeshed
+inmeshes
+inmost
+inn
+innards
+innate
+innately
+inned
+inner
+innerly
+inners
+innerve
+innerved
+innerves
+inning
+innings
+innless
+innocent
+innovate
+inns
+innuendo
+inocula
+inoculum
+inosite
+inosites
+inositol
+inphase
+inpour
+inpoured
+inpours
+input
+inputs
+inputted
+inquest
+inquests
+inquiet
+inquiets
+inquire
+inquired
+inquirer
+inquires
+inquiry
+inro
+inroad
+inroads
+inrush
+inrushes
+ins
+insane
+insanely
+insaner
+insanest
+insanity
+inscape
+inscapes
+inscribe
+inscroll
+insculp
+insculps
+inseam
+inseams
+insect
+insectan
+insects
+insecure
+insert
+inserted
+inserter
+inserts
+inset
+insets
+insetted
+insetter
+insheath
+inshore
+inshrine
+inside
+insider
+insiders
+insides
+insight
+insights
+insigne
+insignia
+insipid
+insist
+insisted
+insister
+insists
+insnare
+insnared
+insnarer
+insnares
+insofar
+insolate
+insole
+insolent
+insoles
+insomnia
+insomuch
+insoul
+insouled
+insouls
+inspan
+inspans
+inspect
+inspects
+insphere
+inspire
+inspired
+inspirer
+inspires
+inspirit
+instable
+instal
+install
+installs
+instals
+instance
+instancy
+instant
+instants
+instar
+instars
+instate
+instated
+instates
+instead
+instep
+insteps
+instil
+instill
+instills
+instils
+instinct
+instroke
+instruct
+insulant
+insular
+insulars
+insulate
+insulin
+insulins
+insult
+insulted
+insulter
+insults
+insurant
+insure
+insured
+insureds
+insurer
+insurers
+insures
+insuring
+inswathe
+inswept
+intact
+intagli
+intaglio
+intake
+intakes
+intarsia
+integer
+integers
+integral
+intend
+intended
+intender
+intends
+intense
+intenser
+intent
+intently
+intents
+inter
+interact
+interage
+interbed
+intercom
+intercut
+interest
+interim
+interims
+interior
+interlap
+interlay
+intermit
+intermix
+intern
+internal
+interne
+interned
+internee
+internes
+interns
+interred
+interrex
+interrow
+inters
+intersex
+intertie
+interval
+interwar
+inthral
+inthrall
+inthrals
+inthrone
+inti
+intima
+intimacy
+intimae
+intimal
+intimas
+intimate
+intime
+intimist
+intine
+intines
+intis
+intitle
+intitled
+intitles
+intitule
+into
+intomb
+intombed
+intombs
+intonate
+intone
+intoned
+intoner
+intoners
+intones
+intoning
+intort
+intorted
+intorts
+intown
+intraday
+intrados
+intrant
+intrants
+intreat
+intreats
+intrench
+intrepid
+intrigue
+intro
+introfy
+introit
+introits
+intromit
+intron
+introns
+introrse
+intros
+intrude
+intruded
+intruder
+intrudes
+intrust
+intrusts
+intubate
+intuit
+intuited
+intuits
+inturn
+inturned
+inturns
+intwine
+intwined
+intwines
+intwist
+intwists
+inulase
+inulases
+inulin
+inulins
+inundant
+inundate
+inurbane
+inure
+inured
+inures
+inuring
+inurn
+inurned
+inurning
+inurns
+inutile
+invade
+invaded
+invader
+invaders
+invades
+invading
+invalid
+invalids
+invar
+invars
+invasion
+invasive
+invected
+inveigh
+inveighs
+inveigle
+invent
+invented
+inventer
+inventor
+invents
+inverity
+inverse
+inverses
+invert
+inverted
+inverter
+invertor
+inverts
+invest
+invested
+investor
+invests
+inviable
+inviably
+invirile
+inviscid
+invital
+invite
+invited
+invitee
+invitees
+inviter
+inviters
+invites
+inviting
+invocate
+invoice
+invoiced
+invoices
+invoke
+invoked
+invoker
+invokers
+invokes
+invoking
+involute
+involve
+involved
+involver
+involves
+inwall
+inwalled
+inwalls
+inward
+inwardly
+inwards
+inweave
+inweaved
+inweaves
+inwind
+inwinds
+inwound
+inwove
+inwoven
+inwrap
+inwraps
+iodate
+iodated
+iodates
+iodating
+iodation
+iodic
+iodid
+iodide
+iodides
+iodids
+iodin
+iodinate
+iodine
+iodines
+iodins
+iodise
+iodised
+iodises
+iodising
+iodism
+iodisms
+iodize
+iodized
+iodizer
+iodizers
+iodizes
+iodizing
+iodoform
+iodophor
+iodopsin
+iodous
+iolite
+iolites
+ion
+ionic
+ionicity
+ionics
+ionise
+ionised
+ionises
+ionising
+ionium
+ioniums
+ionize
+ionized
+ionizer
+ionizers
+ionizes
+ionizing
+ionogen
+ionogens
+ionomer
+ionomers
+ionone
+ionones
+ions
+iota
+iotacism
+iotas
+ipecac
+ipecacs
+ipomoea
+ipomoeas
+iracund
+irade
+irades
+irate
+irately
+irater
+iratest
+ire
+ired
+ireful
+irefully
+ireless
+irenic
+irenical
+irenics
+ires
+irid
+irides
+iridic
+iridium
+iridiums
+irids
+iring
+iris
+irised
+irises
+irising
+iritic
+iritis
+iritises
+irk
+irked
+irking
+irks
+irksome
+iroko
+irokos
+iron
+ironbark
+ironclad
+irone
+ironed
+ironer
+ironers
+irones
+ironic
+ironical
+ironies
+ironing
+ironings
+ironist
+ironists
+ironize
+ironized
+ironizes
+ironlike
+ironness
+irons
+ironside
+ironware
+ironweed
+ironwood
+ironwork
+irony
+irreal
+irrigate
+irritant
+irritate
+irrupt
+irrupted
+irrupts
+is
+isagoge
+isagoges
+isagogic
+isarithm
+isatin
+isatine
+isatines
+isatinic
+isatins
+isba
+isbas
+ischemia
+ischemic
+ischia
+ischial
+ischium
+island
+islanded
+islander
+islands
+isle
+isled
+isleless
+isles
+islet
+islets
+isling
+ism
+isms
+isobar
+isobare
+isobares
+isobaric
+isobars
+isobath
+isobaths
+isocheim
+isochime
+isochor
+isochore
+isochors
+isochron
+isocline
+isocracy
+isodose
+isogamy
+isogenic
+isogeny
+isogloss
+isogon
+isogonal
+isogone
+isogones
+isogonic
+isogons
+isogony
+isograft
+isogram
+isograms
+isograph
+isogriv
+isogrivs
+isohel
+isohels
+isohyet
+isohyets
+isolable
+isolate
+isolated
+isolates
+isolator
+isolead
+isoleads
+isoline
+isolines
+isolog
+isologs
+isologue
+isomer
+isomeric
+isomers
+isometry
+isomorph
+isonomic
+isonomy
+isopach
+isopachs
+isophote
+isopleth
+isopod
+isopodan
+isopods
+isoprene
+isospin
+isospins
+isospory
+isostasy
+isotach
+isotachs
+isothere
+isotherm
+isotone
+isotones
+isotonic
+isotope
+isotopes
+isotopic
+isotopy
+isotropy
+isotype
+isotypes
+isotypic
+isozyme
+isozymes
+isozymic
+issei
+isseis
+issuable
+issuably
+issuance
+issuant
+issue
+issued
+issuer
+issuers
+issues
+issuing
+isthmi
+isthmian
+isthmic
+isthmoid
+isthmus
+istle
+istles
+it
+italic
+italics
+itch
+itched
+itches
+itchier
+itchiest
+itchily
+itching
+itchings
+itchy
+item
+itemed
+iteming
+itemise
+itemised
+itemises
+itemize
+itemized
+itemizer
+itemizes
+items
+iterance
+iterant
+iterate
+iterated
+iterates
+iterum
+ither
+its
+itself
+ivied
+ivies
+ivories
+ivory
+ivy
+ivylike
+iwis
+ixia
+ixias
+ixodid
+ixodids
+ixora
+ixoras
+ixtle
+ixtles
+izar
+izars
+izzard
+izzards
+jab
+jabbed
+jabber
+jabbered
+jabberer
+jabbers
+jabbing
+jabiru
+jabirus
+jabot
+jabots
+jabs
+jacal
+jacales
+jacals
+jacamar
+jacamars
+jacana
+jacanas
+jacinth
+jacinthe
+jacinths
+jack
+jackal
+jackals
+jackaroo
+jackass
+jackboot
+jackdaw
+jackdaws
+jacked
+jacker
+jackeroo
+jackers
+jacket
+jacketed
+jackets
+jackfish
+jackies
+jacking
+jackleg
+jacklegs
+jackpot
+jackpots
+jackroll
+jacks
+jackstay
+jacky
+jacobin
+jacobins
+jacobus
+jaconet
+jaconets
+jacquard
+jaculate
+jade
+jaded
+jadedly
+jadeite
+jadeites
+jades
+jading
+jadish
+jadishly
+jaditic
+jaeger
+jaegers
+jag
+jager
+jagers
+jagg
+jaggary
+jagged
+jaggeder
+jaggedly
+jagger
+jaggers
+jaggery
+jagghery
+jaggier
+jaggiest
+jagging
+jaggs
+jaggy
+jagless
+jagra
+jagras
+jags
+jaguar
+jaguars
+jail
+jailbait
+jailbird
+jailed
+jailer
+jailers
+jailing
+jailor
+jailors
+jails
+jake
+jakes
+jalap
+jalapeno
+jalapic
+jalapin
+jalapins
+jalaps
+jalop
+jalopies
+jaloppy
+jalops
+jalopy
+jalousie
+jam
+jamb
+jambe
+jambeau
+jambeaux
+jambed
+jambes
+jambing
+jamboree
+jambs
+jammed
+jammer
+jammers
+jammier
+jammies
+jammiest
+jamming
+jammy
+jams
+jane
+janes
+jangle
+jangled
+jangler
+janglers
+jangles
+janglier
+jangling
+jangly
+janiform
+janisary
+janitor
+janitors
+janizary
+janty
+japan
+japanize
+japanned
+japanner
+japans
+jape
+japed
+japer
+japeries
+japers
+japery
+japes
+japing
+japingly
+japonica
+jar
+jarful
+jarfuls
+jargon
+jargoned
+jargonel
+jargons
+jargoon
+jargoons
+jarhead
+jarheads
+jarina
+jarinas
+jarl
+jarldom
+jarldoms
+jarls
+jarosite
+jarovize
+jarrah
+jarrahs
+jarred
+jarring
+jars
+jarsful
+jarvey
+jarveys
+jasmin
+jasmine
+jasmines
+jasmins
+jasper
+jaspers
+jaspery
+jassid
+jassids
+jato
+jatos
+jauk
+jauked
+jauking
+jauks
+jaunce
+jaunced
+jaunces
+jauncing
+jaundice
+jaunt
+jaunted
+jauntier
+jauntily
+jaunting
+jaunts
+jaunty
+jaup
+jauped
+jauping
+jaups
+java
+javas
+javelin
+javelina
+javelins
+jaw
+jawan
+jawans
+jawbone
+jawboned
+jawboner
+jawbones
+jawed
+jawing
+jawlike
+jawline
+jawlines
+jaws
+jay
+jaybird
+jaybirds
+jaygee
+jaygees
+jays
+jayvee
+jayvees
+jaywalk
+jaywalks
+jazz
+jazzed
+jazzer
+jazzers
+jazzes
+jazzier
+jazziest
+jazzily
+jazzing
+jazzlike
+jazzman
+jazzmen
+jazzy
+jealous
+jealousy
+jean
+jeans
+jebel
+jebels
+jee
+jeed
+jeeing
+jeep
+jeeped
+jeepers
+jeeping
+jeepney
+jeepneys
+jeeps
+jeer
+jeered
+jeerer
+jeerers
+jeering
+jeers
+jees
+jeez
+jefe
+jefes
+jehad
+jehads
+jehu
+jehus
+jejuna
+jejunal
+jejune
+jejunely
+jejunity
+jejunum
+jell
+jellaba
+jellabas
+jelled
+jellied
+jellies
+jellify
+jelling
+jells
+jelly
+jellying
+jelutong
+jemadar
+jemadars
+jemidar
+jemidars
+jemmied
+jemmies
+jemmy
+jemmying
+jennet
+jennets
+jennies
+jenny
+jeon
+jeopard
+jeopards
+jeopardy
+jerboa
+jerboas
+jereed
+jereeds
+jeremiad
+jerid
+jerids
+jerk
+jerked
+jerker
+jerkers
+jerkier
+jerkies
+jerkiest
+jerkily
+jerkin
+jerking
+jerkins
+jerks
+jerky
+jeroboam
+jerreed
+jerreeds
+jerrican
+jerrid
+jerrids
+jerries
+jerry
+jerrycan
+jersey
+jerseyed
+jerseys
+jess
+jessant
+jesse
+jessed
+jesses
+jessing
+jest
+jested
+jester
+jesters
+jestful
+jesting
+jestings
+jests
+jesuit
+jesuitic
+jesuitry
+jesuits
+jet
+jetbead
+jetbeads
+jete
+jetes
+jetlike
+jetliner
+jeton
+jetons
+jetport
+jetports
+jets
+jetsam
+jetsams
+jetsom
+jetsoms
+jetted
+jettied
+jettier
+jetties
+jettiest
+jetting
+jettison
+jetton
+jettons
+jetty
+jettying
+jeu
+jeux
+jew
+jewed
+jewel
+jeweled
+jeweler
+jewelers
+jeweling
+jewelled
+jeweller
+jewelry
+jewels
+jewfish
+jewing
+jews
+jezail
+jezails
+jezebel
+jezebels
+jiao
+jib
+jibb
+jibbed
+jibber
+jibbers
+jibbing
+jibboom
+jibbooms
+jibbs
+jibe
+jibed
+jiber
+jibers
+jibes
+jibing
+jibingly
+jibs
+jicama
+jicamas
+jiff
+jiffies
+jiffs
+jiffy
+jig
+jigaboo
+jigaboos
+jigged
+jigger
+jiggered
+jiggers
+jigging
+jiggle
+jiggled
+jiggles
+jigglier
+jiggling
+jiggly
+jigs
+jigsaw
+jigsawed
+jigsawn
+jigsaws
+jihad
+jihads
+jill
+jillion
+jillions
+jills
+jilt
+jilted
+jilter
+jilters
+jilting
+jilts
+jiminy
+jimjams
+jimmied
+jimmies
+jimminy
+jimmy
+jimmying
+jimp
+jimper
+jimpest
+jimply
+jimpy
+jin
+jingal
+jingall
+jingalls
+jingals
+jingko
+jingkoes
+jingle
+jingled
+jingler
+jinglers
+jingles
+jinglier
+jingling
+jingly
+jingo
+jingoes
+jingoish
+jingoism
+jingoist
+jink
+jinked
+jinker
+jinkers
+jinking
+jinks
+jinn
+jinnee
+jinni
+jinns
+jins
+jinx
+jinxed
+jinxes
+jinxing
+jipijapa
+jism
+jisms
+jitney
+jitneys
+jitter
+jittered
+jitters
+jittery
+jiujitsu
+jiujutsu
+jive
+jiveass
+jived
+jiver
+jivers
+jives
+jivey
+jivier
+jiviest
+jiving
+jnana
+jnanas
+jo
+joannes
+job
+jobbed
+jobber
+jobbers
+jobbery
+jobbing
+jobless
+jobname
+jobnames
+jobs
+jock
+jockette
+jockey
+jockeyed
+jockeys
+jocko
+jockos
+jocks
+jocose
+jocosely
+jocosity
+jocular
+jocund
+jocundly
+jodhpur
+jodhpurs
+joe
+joes
+joey
+joeys
+jog
+jogged
+jogger
+joggers
+jogging
+joggings
+joggle
+joggled
+joggler
+jogglers
+joggles
+joggling
+jogs
+johannes
+john
+johnboat
+johnnies
+johnny
+johns
+join
+joinable
+joinder
+joinders
+joined
+joiner
+joiners
+joinery
+joining
+joinings
+joins
+joint
+jointed
+jointer
+jointers
+jointing
+jointly
+joints
+jointure
+joist
+joisted
+joisting
+joists
+jojoba
+jojobas
+joke
+joked
+joker
+jokers
+jokes
+jokester
+jokey
+jokier
+jokiest
+jokily
+jokiness
+joking
+jokingly
+joky
+jole
+joles
+jollied
+jollier
+jollies
+jolliest
+jollify
+jollily
+jollity
+jolly
+jollying
+jolt
+jolted
+jolter
+jolters
+joltier
+joltiest
+joltily
+jolting
+jolts
+jolty
+jones
+joneses
+jongleur
+jonquil
+jonquils
+joram
+jorams
+jordan
+jordans
+jorum
+jorums
+joseph
+josephs
+josh
+joshed
+josher
+joshers
+joshes
+joshing
+joss
+josses
+jostle
+jostled
+jostler
+jostlers
+jostles
+jostling
+jot
+jota
+jotas
+jots
+jotted
+jotter
+jotters
+jotting
+jottings
+jotty
+joual
+jouals
+jouk
+jouked
+jouking
+jouks
+joule
+joules
+jounce
+jounced
+jounces
+jouncier
+jouncing
+jouncy
+journal
+journals
+journey
+journeys
+joust
+jousted
+jouster
+jousters
+jousting
+jousts
+jovial
+jovially
+jovialty
+jow
+jowar
+jowars
+jowed
+jowing
+jowl
+jowled
+jowlier
+jowliest
+jowls
+jowly
+jows
+joy
+joyance
+joyances
+joyed
+joyful
+joyfully
+joying
+joyless
+joyous
+joyously
+joypop
+joypops
+joyride
+joyrider
+joyrides
+joyrode
+joys
+joystick
+juba
+jubas
+jubbah
+jubbahs
+jube
+jubes
+jubhah
+jubhahs
+jubilant
+jubilate
+jubile
+jubilee
+jubilees
+jubiles
+judas
+judases
+judder
+juddered
+judders
+judge
+judged
+judger
+judgers
+judges
+judging
+judgment
+judicial
+judo
+judoist
+judoists
+judoka
+judokas
+judos
+jug
+juga
+jugal
+jugate
+jugful
+jugfuls
+jugged
+jugging
+juggle
+juggled
+juggler
+jugglers
+jugglery
+juggles
+juggling
+jughead
+jugheads
+jugs
+jugsful
+jugula
+jugular
+jugulars
+jugulate
+jugulum
+jugum
+jugums
+juice
+juiced
+juicer
+juicers
+juices
+juicier
+juiciest
+juicily
+juicing
+juicy
+jujitsu
+jujitsus
+juju
+jujube
+jujubes
+jujuism
+jujuisms
+jujuist
+jujuists
+jujus
+jujutsu
+jujutsus
+juke
+jukebox
+juked
+jukes
+juking
+julep
+juleps
+julienne
+jumbal
+jumbals
+jumble
+jumbled
+jumbler
+jumblers
+jumbles
+jumbling
+jumbo
+jumbos
+jumbuck
+jumbucks
+jump
+jumped
+jumper
+jumpers
+jumpier
+jumpiest
+jumpily
+jumping
+jumpoff
+jumpoffs
+jumps
+jumpsuit
+jumpy
+jun
+junco
+juncoes
+juncos
+junction
+juncture
+jungle
+jungled
+jungles
+junglier
+jungly
+junior
+juniors
+juniper
+junipers
+junk
+junked
+junker
+junkers
+junket
+junketed
+junketer
+junkets
+junkie
+junkier
+junkies
+junkiest
+junking
+junkman
+junkmen
+junks
+junky
+junkyard
+junta
+juntas
+junto
+juntos
+jupe
+jupes
+jupon
+jupons
+jura
+jural
+jurally
+jurant
+jurants
+jurat
+juratory
+jurats
+jurel
+jurels
+juridic
+juried
+juries
+jurist
+juristic
+jurists
+juror
+jurors
+jury
+jurying
+juryman
+jurymen
+jus
+jussive
+jussives
+just
+justed
+juster
+justers
+justest
+justice
+justices
+justify
+justing
+justle
+justled
+justles
+justling
+justly
+justness
+justs
+jut
+jute
+jutes
+juts
+jutted
+juttied
+jutties
+jutting
+jutty
+juttying
+juvenal
+juvenals
+juvenile
+ka
+kaas
+kab
+kabab
+kababs
+kabaka
+kabakas
+kabala
+kabalas
+kabar
+kabars
+kabaya
+kabayas
+kabbala
+kabbalah
+kabbalas
+kabeljou
+kabiki
+kabikis
+kabob
+kabobs
+kabs
+kabuki
+kabukis
+kachina
+kachinas
+kaddish
+kadi
+kadis
+kae
+kaes
+kaf
+kaffir
+kaffirs
+kaffiyeh
+kafir
+kafirs
+kafs
+kaftan
+kaftans
+kagu
+kagus
+kahuna
+kahunas
+kaiak
+kaiaks
+kaif
+kaifs
+kail
+kails
+kailyard
+kain
+kainit
+kainite
+kainites
+kainits
+kains
+kaiser
+kaiserin
+kaisers
+kajeput
+kajeputs
+kaka
+kakapo
+kakapos
+kakas
+kakemono
+kaki
+kakiemon
+kakis
+kalam
+kalams
+kale
+kalends
+kales
+kalewife
+kaleyard
+kalian
+kalians
+kalif
+kalifate
+kalifs
+kalimba
+kalimbas
+kaliph
+kaliphs
+kalium
+kaliums
+kallidin
+kalmia
+kalmias
+kalong
+kalongs
+kalpa
+kalpak
+kalpaks
+kalpas
+kalyptra
+kamaaina
+kamacite
+kamala
+kamalas
+kame
+kames
+kami
+kamik
+kamikaze
+kamiks
+kampong
+kampongs
+kamseen
+kamseens
+kamsin
+kamsins
+kana
+kanas
+kanban
+kanbans
+kane
+kanes
+kangaroo
+kanji
+kanjis
+kantar
+kantars
+kantele
+kanteles
+kaoliang
+kaolin
+kaoline
+kaolines
+kaolinic
+kaolins
+kaon
+kaons
+kapa
+kapas
+kaph
+kaphs
+kapok
+kapoks
+kappa
+kappas
+kaput
+kaputt
+karakul
+karakuls
+karaoke
+karaokes
+karat
+karate
+karates
+karats
+karma
+karmas
+karmic
+karn
+karns
+karoo
+karoos
+kaross
+karosses
+karroo
+karroos
+karst
+karstic
+karsts
+kart
+karting
+kartings
+karts
+karyotin
+kas
+kasbah
+kasbahs
+kasha
+kashas
+kasher
+kashered
+kashers
+kashmir
+kashmirs
+kashrut
+kashruth
+kashruts
+kat
+kata
+katakana
+katas
+katchina
+katcina
+katcinas
+kathodal
+kathode
+kathodes
+kathodic
+kation
+kations
+kats
+katydid
+katydids
+kauri
+kauries
+kauris
+kaury
+kava
+kavakava
+kavas
+kavass
+kavasses
+kay
+kayak
+kayaked
+kayaker
+kayakers
+kayaking
+kayaks
+kayles
+kayo
+kayoed
+kayoes
+kayoing
+kayos
+kays
+kazachki
+kazachok
+kazatski
+kazatsky
+kazoo
+kazoos
+kbar
+kbars
+kea
+keas
+kebab
+kebabs
+kebar
+kebars
+kebbie
+kebbies
+kebbock
+kebbocks
+kebbuck
+kebbucks
+keblah
+keblahs
+kebob
+kebobs
+keck
+kecked
+kecking
+keckle
+keckled
+keckles
+keckling
+kecks
+keddah
+keddahs
+kedge
+kedged
+kedgeree
+kedges
+kedging
+keef
+keefs
+keek
+keeked
+keeking
+keeks
+keel
+keelage
+keelages
+keelboat
+keeled
+keelhale
+keelhaul
+keeling
+keelless
+keels
+keelson
+keelsons
+keen
+keened
+keener
+keeners
+keenest
+keening
+keenly
+keenness
+keens
+keep
+keepable
+keeper
+keepers
+keeping
+keepings
+keeps
+keepsake
+keeshond
+keester
+keesters
+keet
+keets
+keeve
+keeves
+kef
+keffiyeh
+kefir
+kefirs
+kefs
+keg
+kegeler
+kegelers
+kegler
+keglers
+kegling
+keglings
+kegs
+keir
+keirs
+keister
+keisters
+keitloa
+keitloas
+kelep
+keleps
+kelim
+kelims
+kellies
+kelly
+keloid
+keloidal
+keloids
+kelp
+kelped
+kelpie
+kelpies
+kelping
+kelps
+kelpy
+kelson
+kelsons
+kelter
+kelters
+kelvin
+kelvins
+kemp
+kemps
+kempt
+ken
+kenaf
+kenafs
+kench
+kenches
+kendo
+kendos
+kenned
+kennel
+kenneled
+kennels
+kenning
+kennings
+keno
+kenos
+kenosis
+kenotic
+kenotron
+kens
+kent
+kep
+kephalin
+kepi
+kepis
+kepped
+keppen
+kepping
+keps
+kept
+keramic
+keramics
+keratin
+keratins
+keratoid
+keratoma
+keratose
+kerb
+kerbed
+kerbing
+kerbs
+kerchief
+kerchoo
+kerf
+kerfed
+kerfing
+kerfs
+kermes
+kermess
+kermesse
+kermis
+kermises
+kern
+kerne
+kerned
+kernel
+kerneled
+kernels
+kernes
+kerning
+kernite
+kernites
+kerns
+kerogen
+kerogens
+kerosene
+kerosine
+kerplunk
+kerria
+kerrias
+kerries
+kerry
+kersey
+kerseys
+kerygma
+kestrel
+kestrels
+ketch
+ketches
+ketchup
+ketchups
+ketene
+ketenes
+keto
+ketol
+ketols
+ketone
+ketones
+ketonic
+ketose
+ketoses
+ketosis
+ketotic
+kettle
+kettles
+kevel
+kevels
+kevil
+kevils
+kex
+kexes
+key
+keyboard
+keycard
+keycards
+keyed
+keyhole
+keyholes
+keying
+keyless
+keynote
+keynoted
+keynoter
+keynotes
+keypad
+keypads
+keypunch
+keys
+keyset
+keysets
+keyster
+keysters
+keystone
+keyway
+keyways
+keyword
+keywords
+khaddar
+khaddars
+khadi
+khadis
+khaf
+khafs
+khaki
+khakis
+khalif
+khalifa
+khalifas
+khalifs
+khamseen
+khamsin
+khamsins
+khan
+khanate
+khanates
+khans
+khaph
+khaphs
+khat
+khats
+khazen
+khazenim
+khazens
+kheda
+khedah
+khedahs
+khedas
+khedival
+khedive
+khedives
+khet
+kheth
+kheths
+khets
+khi
+khirkah
+khirkahs
+khis
+khoum
+khoums
+kiang
+kiangs
+kiaugh
+kiaughs
+kibbe
+kibbeh
+kibbehs
+kibbes
+kibbi
+kibbis
+kibbitz
+kibble
+kibbled
+kibbles
+kibbling
+kibbutz
+kibe
+kibei
+kibeis
+kibes
+kibitz
+kibitzed
+kibitzer
+kibitzes
+kibla
+kiblah
+kiblahs
+kiblas
+kibosh
+kiboshed
+kiboshes
+kick
+kickable
+kickback
+kickball
+kicked
+kicker
+kickers
+kickier
+kickiest
+kicking
+kickoff
+kickoffs
+kicks
+kickshaw
+kickup
+kickups
+kicky
+kid
+kidded
+kidder
+kidders
+kiddie
+kiddies
+kidding
+kiddish
+kiddo
+kiddoes
+kiddos
+kiddush
+kiddy
+kidlike
+kidnap
+kidnaped
+kidnapee
+kidnaper
+kidnaps
+kidney
+kidneys
+kids
+kidskin
+kidskins
+kidvid
+kidvids
+kief
+kiefs
+kielbasa
+kielbasi
+kielbasy
+kier
+kiers
+kiester
+kiesters
+kif
+kifs
+kike
+kikes
+kilim
+kilims
+kill
+killdee
+killdeer
+killdees
+killed
+killer
+killers
+killick
+killicks
+killie
+killies
+killing
+killings
+killjoy
+killjoys
+killock
+killocks
+kills
+kiln
+kilned
+kilning
+kilns
+kilo
+kilobar
+kilobars
+kilobase
+kilobaud
+kilobit
+kilobits
+kilobyte
+kilogram
+kilomole
+kilorad
+kilorads
+kilos
+kiloton
+kilotons
+kilovolt
+kilowatt
+kilt
+kilted
+kilter
+kilters
+kiltie
+kilties
+kilting
+kiltings
+kilts
+kilty
+kimchee
+kimchees
+kimchi
+kimchis
+kimono
+kimonoed
+kimonos
+kin
+kina
+kinas
+kinase
+kinases
+kind
+kinder
+kindest
+kindle
+kindled
+kindler
+kindlers
+kindles
+kindless
+kindlier
+kindling
+kindly
+kindness
+kindred
+kindreds
+kinds
+kine
+kinema
+kinemas
+kines
+kineses
+kinesic
+kinesics
+kinesis
+kinetic
+kinetics
+kinetin
+kinetins
+kinfolk
+kinfolks
+king
+kingbird
+kingbolt
+kingcup
+kingcups
+kingdom
+kingdoms
+kinged
+kingfish
+kinghood
+kinging
+kingless
+kinglet
+kinglets
+kinglier
+kinglike
+kingly
+kingpin
+kingpins
+kingpost
+kings
+kingship
+kingside
+kingwood
+kinin
+kinins
+kink
+kinkajou
+kinked
+kinkier
+kinkiest
+kinkily
+kinking
+kinks
+kinky
+kino
+kinos
+kins
+kinsfolk
+kinship
+kinships
+kinsman
+kinsmen
+kiosk
+kiosks
+kip
+kipped
+kippen
+kipper
+kippered
+kipperer
+kippers
+kipping
+kips
+kipskin
+kipskins
+kir
+kirigami
+kirk
+kirkman
+kirkmen
+kirks
+kirmess
+kirn
+kirned
+kirning
+kirns
+kirs
+kirsch
+kirsches
+kirtle
+kirtled
+kirtles
+kishka
+kishkas
+kishke
+kishkes
+kismat
+kismats
+kismet
+kismetic
+kismets
+kiss
+kissable
+kissably
+kissed
+kisser
+kissers
+kisses
+kissing
+kissy
+kist
+kistful
+kistfuls
+kists
+kit
+kitchen
+kitchens
+kite
+kited
+kitelike
+kiter
+kiters
+kites
+kith
+kithara
+kitharas
+kithe
+kithed
+kithes
+kithing
+kiths
+kiting
+kitling
+kitlings
+kits
+kitsch
+kitsches
+kitschy
+kitted
+kittel
+kitten
+kittened
+kittens
+kitties
+kitting
+kittle
+kittled
+kittler
+kittles
+kittlest
+kittling
+kitty
+kiva
+kivas
+kiwi
+kiwis
+klatch
+klatches
+klatsch
+klavern
+klaverns
+klaxon
+klaxons
+kleagle
+kleagles
+klepht
+klephtic
+klephts
+klezmer
+klister
+klisters
+klong
+klongs
+kloof
+kloofs
+kludge
+kludges
+kluge
+kluges
+klutz
+klutzes
+klutzier
+klutzy
+klystron
+knack
+knacked
+knacker
+knackers
+knackery
+knacking
+knacks
+knap
+knapped
+knapper
+knappers
+knapping
+knaps
+knapsack
+knapweed
+knar
+knarred
+knarry
+knars
+knaur
+knaurs
+knave
+knavery
+knaves
+knavish
+knawel
+knawels
+knead
+kneaded
+kneader
+kneaders
+kneading
+kneads
+knee
+kneecap
+kneecaps
+kneed
+kneehole
+kneeing
+kneel
+kneeled
+kneeler
+kneelers
+kneeling
+kneels
+kneepad
+kneepads
+kneepan
+kneepans
+knees
+kneesock
+knell
+knelled
+knelling
+knells
+knelt
+knesset
+knessets
+knew
+knickers
+knife
+knifed
+knifer
+knifers
+knifes
+knifing
+knight
+knighted
+knightly
+knights
+knish
+knishes
+knit
+knits
+knitted
+knitter
+knitters
+knitting
+knitwear
+knives
+knob
+knobbed
+knobbier
+knobbly
+knobby
+knoblike
+knobs
+knock
+knocked
+knocker
+knockers
+knocking
+knockoff
+knockout
+knocks
+knoll
+knolled
+knoller
+knollers
+knolling
+knolls
+knolly
+knop
+knopped
+knops
+knosp
+knosps
+knot
+knothole
+knotless
+knotlike
+knots
+knotted
+knotter
+knotters
+knottier
+knottily
+knotting
+knotty
+knotweed
+knout
+knouted
+knouting
+knouts
+know
+knowable
+knower
+knowers
+knowing
+knowings
+known
+knowns
+knows
+knubbier
+knubby
+knuckle
+knuckled
+knuckler
+knuckles
+knuckly
+knur
+knurl
+knurled
+knurlier
+knurling
+knurls
+knurly
+knurs
+koa
+koala
+koalas
+koan
+koans
+koas
+kob
+kobo
+kobold
+kobolds
+kobs
+koel
+koels
+kohl
+kohlrabi
+kohls
+koi
+koine
+koines
+kokanee
+kokanees
+kola
+kolacky
+kolas
+kolbasi
+kolbasis
+kolbassi
+kolhoz
+kolhozes
+kolhozy
+kolinski
+kolinsky
+kolkhos
+kolkhosy
+kolkhoz
+kolkhozy
+kolkoz
+kolkozes
+kolkozy
+kolo
+kolos
+komatik
+komatiks
+komondor
+konk
+konked
+konking
+konks
+koodoo
+koodoos
+kook
+kookie
+kookier
+kookiest
+kooks
+kooky
+kop
+kopeck
+kopecks
+kopek
+kopeks
+koph
+kophs
+kopje
+kopjes
+koppa
+koppas
+koppie
+koppies
+kops
+kor
+korai
+korat
+korats
+kore
+kors
+korun
+koruna
+korunas
+koruny
+kos
+kosher
+koshered
+koshers
+koss
+koto
+kotos
+kotow
+kotowed
+kotower
+kotowers
+kotowing
+kotows
+koumis
+koumises
+koumiss
+koumys
+koumyses
+koumyss
+kouprey
+koupreys
+kouroi
+kouros
+kousso
+koussos
+kowtow
+kowtowed
+kowtower
+kowtows
+kraal
+kraaled
+kraaling
+kraals
+kraft
+krafts
+krait
+kraits
+kraken
+krakens
+krater
+kraters
+kraut
+krauts
+kreep
+kreeps
+kremlin
+kremlins
+kreplach
+kreutzer
+kreuzer
+kreuzers
+krill
+krills
+krimmer
+krimmers
+kris
+krises
+krona
+krone
+kronen
+kroner
+kronor
+kronur
+kroon
+krooni
+kroons
+krubi
+krubis
+krubut
+krubuts
+kruller
+krullers
+krumhorn
+kryolite
+kryolith
+krypton
+kryptons
+kuchen
+kudo
+kudos
+kudu
+kudus
+kudzu
+kudzus
+kue
+kues
+kugel
+kugels
+kukri
+kukris
+kulak
+kulaki
+kulaks
+kultur
+kulturs
+kumiss
+kumisses
+kummel
+kummels
+kumquat
+kumquats
+kumys
+kumyses
+kunzite
+kunzites
+kurbash
+kurgan
+kurgans
+kurta
+kurtas
+kurtosis
+kuru
+kurus
+kusso
+kussos
+kuvasz
+kuvaszok
+kvas
+kvases
+kvass
+kvasses
+kvetch
+kvetched
+kvetches
+kvetchy
+kwacha
+kwanza
+kwanzas
+kyack
+kyacks
+kyak
+kyaks
+kyanise
+kyanised
+kyanises
+kyanite
+kyanites
+kyanize
+kyanized
+kyanizes
+kyar
+kyars
+kyat
+kyats
+kybosh
+kyboshed
+kyboshes
+kylikes
+kylix
+kymogram
+kyphoses
+kyphosis
+kyphotic
+kyrie
+kyries
+kyte
+kytes
+kythe
+kythed
+kythes
+kything
+la
+laager
+laagered
+laagers
+laari
+lab
+labara
+labarum
+labarums
+labdanum
+label
+labeled
+labeler
+labelers
+labeling
+labella
+labelled
+labeller
+labellum
+labels
+labia
+labial
+labially
+labials
+labiate
+labiated
+labiates
+labile
+lability
+labium
+labor
+labored
+laborer
+laborers
+laboring
+laborite
+labors
+labour
+laboured
+labourer
+labours
+labra
+labrador
+labret
+labrets
+labroid
+labroids
+labrum
+labrums
+labrusca
+labs
+laburnum
+lac
+lace
+laced
+laceless
+lacelike
+lacer
+lacerate
+lacers
+lacertid
+laces
+lacewing
+lacewood
+lacework
+lacey
+laches
+lacier
+laciest
+lacily
+laciness
+lacing
+lacings
+lack
+lackaday
+lacked
+lacker
+lackered
+lackers
+lackey
+lackeyed
+lackeys
+lacking
+lacks
+laconic
+laconism
+lacquer
+lacquers
+lacquey
+lacqueys
+lacrimal
+lacrosse
+lacs
+lactam
+lactams
+lactary
+lactase
+lactases
+lactate
+lactated
+lactates
+lacteal
+lacteals
+lactean
+lacteous
+lactic
+lactone
+lactones
+lactonic
+lactose
+lactoses
+lacuna
+lacunae
+lacunal
+lacunar
+lacunars
+lacunary
+lacunas
+lacunate
+lacune
+lacunes
+lacunose
+lacy
+lad
+ladanum
+ladanums
+ladder
+laddered
+ladders
+laddie
+laddies
+lade
+laded
+laden
+ladened
+ladening
+ladens
+lader
+laders
+lades
+ladies
+lading
+ladings
+ladino
+ladinos
+ladle
+ladled
+ladleful
+ladler
+ladlers
+ladles
+ladling
+ladron
+ladrone
+ladrones
+ladrons
+lads
+lady
+ladybird
+ladybug
+ladybugs
+ladyfish
+ladyhood
+ladyish
+ladykin
+ladykins
+ladylike
+ladylove
+ladypalm
+ladyship
+laetrile
+laevo
+lag
+lagan
+lagans
+lagend
+lagends
+lager
+lagered
+lagering
+lagers
+laggard
+laggards
+lagged
+lagger
+laggers
+lagging
+laggings
+lagnappe
+lagoon
+lagoonal
+lagoons
+lags
+laguna
+lagunas
+lagune
+lagunes
+lahar
+lahars
+laic
+laical
+laically
+laich
+laichs
+laicise
+laicised
+laicises
+laicism
+laicisms
+laicize
+laicized
+laicizes
+laics
+laid
+laigh
+laighs
+lain
+lair
+laird
+lairdly
+lairds
+laired
+lairing
+lairs
+laitance
+laith
+laithly
+laities
+laity
+lake
+laked
+lakelike
+lakeport
+laker
+lakers
+lakes
+lakeside
+lakh
+lakhs
+lakier
+lakiest
+laking
+lakings
+laky
+lall
+lallan
+lalland
+lallands
+lallans
+lalled
+lalling
+lalls
+lallygag
+lam
+lama
+lamas
+lamasery
+lamb
+lambast
+lambaste
+lambasts
+lambda
+lambdas
+lambdoid
+lambed
+lambency
+lambent
+lamber
+lambers
+lambert
+lamberts
+lambie
+lambier
+lambies
+lambiest
+lambing
+lambkill
+lambkin
+lambkins
+lamblike
+lambs
+lambskin
+lamby
+lame
+lamed
+lamedh
+lamedhs
+lameds
+lamella
+lamellae
+lamellar
+lamellas
+lamely
+lameness
+lament
+lamented
+lamenter
+laments
+lamer
+lames
+lamest
+lamia
+lamiae
+lamias
+lamina
+laminae
+laminal
+laminar
+laminary
+laminas
+laminate
+laming
+laminose
+laminous
+lamister
+lammed
+lamming
+lamp
+lampad
+lampads
+lampas
+lampases
+lamped
+lampers
+lamping
+lampion
+lampions
+lampoon
+lampoons
+lamppost
+lamprey
+lampreys
+lamps
+lampyrid
+lams
+lamster
+lamsters
+lanai
+lanais
+lanate
+lanated
+lance
+lanced
+lancelet
+lancer
+lancers
+lances
+lancet
+lanceted
+lancets
+lanciers
+lancing
+land
+landau
+landaus
+landed
+lander
+landers
+landfall
+landfill
+landform
+landgrab
+landing
+landings
+landlady
+landler
+landlers
+landless
+landline
+landlord
+landman
+landmark
+landmass
+landmen
+lands
+landside
+landskip
+landslid
+landslip
+landsman
+landsmen
+landward
+lane
+lanely
+lanes
+laneway
+laneways
+lang
+langlauf
+langley
+langleys
+langrage
+langrel
+langrels
+langshan
+langsyne
+language
+langue
+langues
+languet
+languets
+languid
+languish
+languor
+languors
+langur
+langurs
+laniard
+laniards
+laniary
+lanital
+lanitals
+lank
+lanker
+lankest
+lankier
+lankiest
+lankily
+lankly
+lankness
+lanky
+lanner
+lanneret
+lanners
+lanolin
+lanoline
+lanolins
+lanose
+lanosity
+lantana
+lantanas
+lantern
+lanterns
+lanthorn
+lanugo
+lanugos
+lanyard
+lanyards
+lap
+lapboard
+lapdog
+lapdogs
+lapel
+lapeled
+lapelled
+lapels
+lapful
+lapfuls
+lapidary
+lapidate
+lapides
+lapidify
+lapidist
+lapilli
+lapillus
+lapin
+lapins
+lapis
+lapises
+lapped
+lapper
+lappered
+lappers
+lappet
+lappeted
+lappets
+lapping
+laps
+lapsable
+lapse
+lapsed
+lapser
+lapsers
+lapses
+lapsible
+lapsing
+lapsus
+laptop
+laptops
+lapwing
+lapwings
+lar
+larboard
+larcener
+larceny
+larch
+larches
+lard
+larded
+larder
+larders
+lardier
+lardiest
+larding
+lardlike
+lardon
+lardons
+lardoon
+lardoons
+lards
+lardy
+laree
+larees
+lares
+largando
+large
+largely
+larger
+larges
+largess
+largesse
+largest
+largish
+largo
+largos
+lari
+lariat
+lariated
+lariats
+larine
+laris
+lark
+larked
+larker
+larkers
+larkier
+larkiest
+larking
+larkish
+larks
+larksome
+larkspur
+larky
+larrigan
+larrikin
+larrup
+larruped
+larruper
+larrups
+lars
+larum
+larums
+larva
+larvae
+larval
+larvas
+laryngal
+larynges
+larynx
+larynxes
+las
+lasagna
+lasagnas
+lasagne
+lasagnes
+lascar
+lascars
+lase
+lased
+laser
+lasers
+lases
+lash
+lashed
+lasher
+lashers
+lashes
+lashing
+lashings
+lashins
+lashkar
+lashkars
+lasing
+lass
+lasses
+lassie
+lassies
+lasso
+lassoed
+lassoer
+lassoers
+lassoes
+lassoing
+lassos
+last
+lasted
+laster
+lasters
+lasting
+lastings
+lastly
+lasts
+lat
+latakia
+latakias
+latch
+latched
+latches
+latchet
+latchets
+latching
+latchkey
+late
+lated
+lateen
+lateener
+lateens
+lately
+laten
+latency
+latened
+lateness
+latening
+latens
+latent
+latently
+latents
+later
+laterad
+lateral
+laterals
+laterite
+laterize
+latest
+latests
+latewood
+latex
+latexes
+lath
+lathe
+lathed
+lather
+lathered
+latherer
+lathers
+lathery
+lathes
+lathi
+lathier
+lathiest
+lathing
+lathings
+lathis
+laths
+lathwork
+lathy
+lati
+latices
+latigo
+latigoes
+latigos
+latinity
+latinize
+latino
+latinos
+latish
+latitude
+latke
+latkes
+latosol
+latosols
+latria
+latrias
+latrine
+latrines
+lats
+latte
+latten
+lattens
+latter
+latterly
+lattes
+lattice
+latticed
+lattices
+lattin
+lattins
+lauan
+lauans
+laud
+laudable
+laudably
+laudanum
+laudator
+lauded
+lauder
+lauders
+lauding
+lauds
+laugh
+laughed
+laugher
+laughers
+laughing
+laughs
+laughter
+launce
+launces
+launch
+launched
+launcher
+launches
+launder
+launders
+laundry
+laura
+laurae
+lauras
+laureate
+laurel
+laureled
+laurels
+lauwine
+lauwines
+lav
+lava
+lavabo
+lavaboes
+lavabos
+lavage
+lavages
+lavalava
+lavalier
+lavalike
+lavas
+lavation
+lavatory
+lave
+laved
+laveer
+laveered
+laveers
+lavender
+laver
+laverock
+lavers
+laves
+laving
+lavish
+lavished
+lavisher
+lavishes
+lavishly
+lavrock
+lavrocks
+lavs
+law
+lawbook
+lawbooks
+lawed
+lawful
+lawfully
+lawgiver
+lawine
+lawines
+lawing
+lawings
+lawless
+lawlike
+lawmaker
+lawman
+lawmen
+lawn
+lawns
+lawny
+laws
+lawsuit
+lawsuits
+lawyer
+lawyered
+lawyerly
+lawyers
+lax
+laxation
+laxative
+laxer
+laxest
+laxities
+laxity
+laxly
+laxness
+lay
+layabout
+layaway
+layaways
+layed
+layer
+layerage
+layered
+layering
+layers
+layette
+layettes
+laying
+layman
+laymen
+layoff
+layoffs
+layout
+layouts
+layover
+layovers
+lays
+layup
+layups
+laywoman
+laywomen
+lazar
+lazaret
+lazarets
+lazars
+laze
+lazed
+lazes
+lazied
+lazier
+lazies
+laziest
+lazily
+laziness
+lazing
+lazuli
+lazulis
+lazulite
+lazurite
+lazy
+lazying
+lazyish
+lea
+leach
+leachate
+leached
+leacher
+leachers
+leaches
+leachier
+leaching
+leachy
+lead
+leaded
+leaden
+leadenly
+leader
+leaders
+leadier
+leadiest
+leading
+leadings
+leadless
+leadman
+leadmen
+leadoff
+leadoffs
+leads
+leadsman
+leadsmen
+leadwork
+leadwort
+leady
+leaf
+leafage
+leafages
+leafed
+leafier
+leafiest
+leafing
+leafless
+leaflet
+leaflets
+leaflike
+leafs
+leafworm
+leafy
+league
+leagued
+leaguer
+leaguers
+leagues
+leaguing
+leak
+leakage
+leakages
+leaked
+leaker
+leakers
+leakier
+leakiest
+leakily
+leaking
+leakless
+leaks
+leaky
+leal
+leally
+lealties
+lealty
+lean
+leaned
+leaner
+leaners
+leanest
+leaning
+leanings
+leanly
+leanness
+leans
+leant
+leap
+leaped
+leaper
+leapers
+leapfrog
+leaping
+leaps
+leapt
+lear
+learier
+leariest
+learn
+learned
+learner
+learners
+learning
+learns
+learnt
+lears
+leary
+leas
+leasable
+lease
+leased
+leaser
+leasers
+leases
+leash
+leashed
+leashes
+leashing
+leasing
+leasings
+least
+leasts
+leather
+leathern
+leathers
+leathery
+leave
+leaved
+leaven
+leavened
+leavens
+leaver
+leavers
+leaves
+leavier
+leaviest
+leaving
+leavings
+leavy
+leben
+lebens
+lech
+lechayim
+leched
+lecher
+lechered
+lechers
+lechery
+leches
+leching
+lechwe
+lechwes
+lecithin
+lectern
+lecterns
+lectin
+lectins
+lection
+lections
+lector
+lectors
+lecture
+lectured
+lecturer
+lectures
+lecythi
+lecythis
+lecythus
+led
+ledge
+ledger
+ledgers
+ledges
+ledgier
+ledgiest
+ledgy
+lee
+leeboard
+leech
+leeched
+leeches
+leeching
+leek
+leeks
+leer
+leered
+leerier
+leeriest
+leerily
+leering
+leers
+leery
+lees
+leet
+leets
+leeward
+leewards
+leeway
+leeways
+left
+lefter
+leftest
+lefties
+leftish
+leftism
+leftisms
+leftist
+leftists
+leftover
+lefts
+leftward
+leftwing
+lefty
+leg
+legacies
+legacy
+legal
+legalese
+legalise
+legalism
+legalist
+legality
+legalize
+legally
+legals
+legate
+legated
+legatee
+legatees
+legates
+legatine
+legating
+legation
+legato
+legator
+legators
+legatos
+legend
+legendry
+legends
+leger
+legerity
+legers
+leges
+legged
+leggier
+leggiero
+leggiest
+leggin
+legging
+leggings
+leggins
+leggy
+leghorn
+leghorns
+legible
+legibly
+legion
+legions
+legist
+legists
+legit
+legits
+legless
+leglike
+legman
+legmen
+legong
+legongs
+legroom
+legrooms
+legs
+legume
+legumes
+legumin
+legumins
+legwork
+legworks
+lehayim
+lehayims
+lehr
+lehrs
+lehua
+lehuas
+lei
+leis
+leister
+leisters
+leisure
+leisured
+leisures
+lek
+leke
+leks
+leku
+lekvar
+lekvars
+lekythi
+lekythoi
+lekythos
+lekythus
+leman
+lemans
+lemma
+lemmas
+lemmata
+lemming
+lemmings
+lemnisci
+lemon
+lemonade
+lemonish
+lemons
+lemony
+lempira
+lempiras
+lemur
+lemures
+lemurine
+lemuroid
+lemurs
+lend
+lendable
+lender
+lenders
+lending
+lends
+lenes
+length
+lengthen
+lengths
+lengthy
+lenience
+leniency
+lenient
+lenis
+lenities
+lenition
+lenitive
+lenity
+leno
+lenos
+lens
+lense
+lensed
+lenses
+lensing
+lensless
+lensman
+lensmen
+lent
+lentando
+lenten
+lentic
+lenticel
+lentigo
+lentil
+lentils
+lentisk
+lentisks
+lento
+lentoid
+lentos
+leone
+leones
+leonine
+leopard
+leopards
+leotard
+leotards
+leper
+lepers
+lepidote
+leporid
+leporids
+leporine
+leprose
+leprosy
+leprotic
+leprous
+lept
+lepta
+lepton
+leptonic
+leptons
+lesbian
+lesbians
+lesion
+lesioned
+lesions
+less
+lessee
+lessees
+lessen
+lessened
+lessens
+lesser
+lesson
+lessoned
+lessons
+lessor
+lessors
+lest
+let
+letch
+letched
+letches
+letching
+letdown
+letdowns
+lethal
+lethally
+lethals
+lethargy
+lethe
+lethean
+lethes
+lets
+letted
+letter
+lettered
+letterer
+letters
+letting
+lettuce
+lettuces
+letup
+letups
+leu
+leucemia
+leucemic
+leucin
+leucine
+leucines
+leucins
+leucite
+leucites
+leucitic
+leucoma
+leucomas
+leud
+leudes
+leuds
+leukemia
+leukemic
+leukoma
+leukomas
+leukon
+leukons
+leukoses
+leukosis
+leukotic
+lev
+leva
+levant
+levanted
+levanter
+levants
+levator
+levators
+levee
+leveed
+leveeing
+levees
+level
+leveled
+leveler
+levelers
+leveling
+levelled
+leveller
+levelly
+levels
+lever
+leverage
+levered
+leveret
+leverets
+levering
+levers
+leviable
+levied
+levier
+leviers
+levies
+levigate
+levin
+levins
+levirate
+levitate
+levities
+levity
+levo
+levodopa
+levogyre
+levulin
+levulins
+levulose
+levy
+levying
+lewd
+lewder
+lewdest
+lewdly
+lewdness
+lewis
+lewises
+lewisite
+lewisson
+lex
+lexeme
+lexemes
+lexemic
+lexes
+lexica
+lexical
+lexicon
+lexicons
+lexis
+ley
+leys
+lez
+lezzes
+lezzie
+lezzies
+lezzy
+li
+liable
+liaise
+liaised
+liaises
+liaising
+liaison
+liaisons
+liana
+lianas
+liane
+lianes
+liang
+liangs
+lianoid
+liar
+liard
+liards
+liars
+lib
+libation
+libber
+libbers
+libeccio
+libel
+libelant
+libeled
+libelee
+libelees
+libeler
+libelers
+libeling
+libelist
+libelled
+libellee
+libeller
+libelous
+libels
+liber
+liberal
+liberals
+liberate
+libers
+liberty
+libido
+libidos
+liblab
+liblabs
+libra
+librae
+library
+libras
+librate
+librated
+librates
+libretti
+libretto
+libri
+libs
+lice
+licence
+licenced
+licencee
+licencer
+licences
+license
+licensed
+licensee
+licenser
+licenses
+licensor
+licente
+lich
+lichee
+lichees
+lichen
+lichened
+lichenin
+lichens
+liches
+lichi
+lichis
+licht
+lichted
+lichting
+lichtly
+lichts
+licit
+licitly
+lick
+licked
+licker
+lickers
+licking
+lickings
+licks
+lickspit
+licorice
+lictor
+lictors
+lid
+lidar
+lidars
+lidded
+lidding
+lidless
+lido
+lidos
+lids
+lie
+lied
+lieder
+lief
+liefer
+liefest
+liefly
+liege
+liegeman
+liegemen
+lieges
+lien
+lienable
+lienal
+liens
+lientery
+lier
+lierne
+liernes
+liers
+lies
+lieu
+lieus
+lieve
+liever
+lievest
+life
+lifeboat
+lifeful
+lifeless
+lifelike
+lifeline
+lifelong
+lifer
+lifers
+lifetime
+lifeway
+lifeways
+lifework
+lift
+liftable
+lifted
+lifter
+lifters
+liftgate
+lifting
+liftman
+liftmen
+liftoff
+liftoffs
+lifts
+ligament
+ligan
+ligand
+ligands
+ligans
+ligase
+ligases
+ligate
+ligated
+ligates
+ligating
+ligation
+ligative
+ligature
+liger
+ligers
+light
+lighted
+lighten
+lightens
+lighter
+lighters
+lightest
+lightful
+lighting
+lightish
+lightly
+lights
+ligneous
+lignify
+lignin
+lignins
+lignite
+lignites
+lignitic
+ligroin
+ligroine
+ligroins
+ligula
+ligulae
+ligular
+ligulas
+ligulate
+ligule
+ligules
+liguloid
+ligure
+ligures
+likable
+like
+likeable
+liked
+likelier
+likely
+liken
+likened
+likeness
+likening
+likens
+liker
+likers
+likes
+likest
+likewise
+liking
+likings
+likuta
+lilac
+lilacs
+lilied
+lilies
+lilliput
+lilt
+lilted
+lilting
+lilts
+lily
+lilylike
+lima
+limacine
+limacon
+limacons
+liman
+limans
+limas
+limb
+limba
+limbas
+limbate
+limbeck
+limbecks
+limbed
+limber
+limbered
+limberer
+limberly
+limbers
+limbi
+limbic
+limbier
+limbiest
+limbing
+limbless
+limbo
+limbos
+limbs
+limbus
+limbuses
+limby
+lime
+limeade
+limeades
+limed
+limekiln
+limeless
+limen
+limens
+limerick
+limes
+limey
+limeys
+limier
+limiest
+limina
+liminal
+liminess
+liming
+limit
+limitary
+limited
+limiteds
+limiter
+limiters
+limites
+limiting
+limits
+limmer
+limmers
+limn
+limned
+limner
+limners
+limnetic
+limnic
+limning
+limns
+limo
+limonene
+limonite
+limos
+limp
+limpa
+limpas
+limped
+limper
+limpers
+limpest
+limpet
+limpets
+limpid
+limpidly
+limping
+limpkin
+limpkins
+limply
+limpness
+limps
+limpsey
+limpsier
+limpsy
+limuli
+limuloid
+limulus
+limy
+lin
+linable
+linac
+linacs
+linage
+linages
+linalol
+linalols
+linalool
+linchpin
+lindane
+lindanes
+linden
+lindens
+lindies
+lindy
+line
+lineable
+lineage
+lineages
+lineal
+lineally
+linear
+linearly
+lineate
+lineated
+linebred
+linecut
+linecuts
+lined
+lineless
+linelike
+lineman
+linemen
+linen
+linens
+lineny
+liner
+liners
+lines
+linesman
+linesmen
+lineup
+lineups
+liney
+ling
+linga
+lingam
+lingams
+lingas
+lingcod
+lingcods
+linger
+lingered
+lingerer
+lingerie
+lingers
+lingier
+lingiest
+lingo
+lingoes
+lings
+lingua
+linguae
+lingual
+linguals
+linguine
+linguini
+linguist
+lingy
+linier
+liniest
+liniment
+linin
+lining
+linings
+linins
+link
+linkable
+linkage
+linkages
+linkboy
+linkboys
+linked
+linker
+linkers
+linking
+linkman
+linkmen
+links
+linksman
+linksmen
+linkup
+linkups
+linkwork
+linky
+linn
+linnet
+linnets
+linns
+lino
+linocut
+linocuts
+linoleum
+linos
+lins
+linsang
+linsangs
+linseed
+linseeds
+linsey
+linseys
+linstock
+lint
+lintel
+lintels
+linter
+linters
+lintier
+lintiest
+lintless
+lintol
+lintols
+lints
+linty
+linum
+linums
+linuron
+linurons
+liny
+lion
+lioness
+lionfish
+lionise
+lionised
+lioniser
+lionises
+lionize
+lionized
+lionizer
+lionizes
+lionlike
+lions
+lip
+lipase
+lipases
+lipid
+lipide
+lipides
+lipidic
+lipids
+lipin
+lipins
+lipless
+liplike
+lipocyte
+lipoid
+lipoidal
+lipoids
+lipoma
+lipomas
+lipomata
+liposome
+lipped
+lippen
+lippened
+lippens
+lipper
+lippered
+lippers
+lippier
+lippiest
+lipping
+lippings
+lippy
+lips
+lipstick
+liquate
+liquated
+liquates
+liquefy
+liqueur
+liqueurs
+liquid
+liquidly
+liquids
+liquify
+liquor
+liquored
+liquors
+lira
+liras
+lire
+liri
+liripipe
+lirot
+liroth
+lis
+lisente
+lisle
+lisles
+lisp
+lisped
+lisper
+lispers
+lisping
+lisps
+lissom
+lissome
+lissomly
+list
+listable
+listed
+listee
+listees
+listel
+listels
+listen
+listened
+listener
+listens
+lister
+listers
+listing
+listings
+listless
+lists
+lit
+litai
+litanies
+litany
+litas
+litchi
+litchis
+lite
+liter
+literacy
+literal
+literals
+literary
+literate
+literati
+liters
+litharge
+lithe
+lithely
+lithemia
+lithemic
+lither
+lithest
+lithia
+lithias
+lithic
+lithify
+lithium
+lithiums
+litho
+lithoed
+lithoid
+lithoing
+lithos
+lithosol
+litigant
+litigate
+litmus
+litmuses
+litoral
+litotes
+litotic
+litre
+litres
+lits
+litten
+litter
+littered
+litterer
+litters
+littery
+little
+littler
+littles
+littlest
+littlish
+littoral
+litu
+liturgic
+liturgy
+livable
+live
+liveable
+lived
+livelier
+livelily
+livelong
+lively
+liven
+livened
+livener
+liveners
+liveness
+livening
+livens
+liver
+liveried
+liveries
+liverish
+livers
+livery
+lives
+livest
+livetrap
+livid
+lividity
+lividly
+livier
+liviers
+living
+livingly
+livings
+livre
+livres
+livyer
+livyers
+lixivia
+lixivial
+lixivium
+lizard
+lizards
+llama
+llamas
+llano
+llanos
+lo
+loach
+loaches
+load
+loaded
+loader
+loaders
+loading
+loadings
+loads
+loadstar
+loaf
+loafed
+loafer
+loafers
+loafing
+loafs
+loam
+loamed
+loamier
+loamiest
+loaming
+loamless
+loams
+loamy
+loan
+loanable
+loaned
+loaner
+loaners
+loaning
+loanings
+loans
+loanword
+loath
+loathe
+loathed
+loather
+loathers
+loathes
+loathful
+loathing
+loathly
+loaves
+lob
+lobar
+lobate
+lobated
+lobately
+lobation
+lobbed
+lobber
+lobbers
+lobbied
+lobbies
+lobbing
+lobby
+lobbyer
+lobbyers
+lobbygow
+lobbying
+lobbyism
+lobbyist
+lobe
+lobed
+lobefin
+lobefins
+lobelia
+lobelias
+lobeline
+lobes
+loblolly
+lobo
+lobos
+lobotomy
+lobs
+lobster
+lobsters
+lobstick
+lobular
+lobulate
+lobule
+lobules
+lobulose
+lobworm
+lobworms
+loca
+local
+locale
+locales
+localise
+localism
+localist
+localite
+locality
+localize
+locally
+locals
+locate
+located
+locater
+locaters
+locates
+locating
+location
+locative
+locator
+locators
+loch
+lochan
+lochans
+lochia
+lochial
+lochs
+loci
+lock
+lockable
+lockage
+lockages
+lockbox
+lockdown
+locked
+locker
+lockers
+locket
+lockets
+locking
+lockjaw
+lockjaws
+locknut
+locknuts
+lockout
+lockouts
+lockram
+lockrams
+locks
+lockstep
+lockup
+lockups
+loco
+locoed
+locoes
+locofoco
+locoing
+locoism
+locoisms
+locomote
+locos
+locoweed
+locular
+loculate
+locule
+loculed
+locules
+loculi
+loculus
+locum
+locums
+locus
+locust
+locusta
+locustae
+locustal
+locusts
+locution
+locutory
+lode
+loden
+lodens
+lodes
+lodestar
+lodge
+lodged
+lodger
+lodgers
+lodges
+lodging
+lodgings
+lodgment
+lodicule
+loess
+loessal
+loesses
+loessial
+loft
+lofted
+lofter
+lofters
+loftier
+loftiest
+loftily
+lofting
+loftless
+loftlike
+lofts
+lofty
+log
+logan
+logania
+logans
+logbook
+logbooks
+loge
+loges
+loggats
+logged
+logger
+loggers
+loggets
+loggia
+loggias
+loggie
+loggier
+loggiest
+logging
+loggings
+loggy
+logia
+logic
+logical
+logician
+logicise
+logicize
+logics
+logier
+logiest
+logily
+loginess
+logion
+logions
+logistic
+logjam
+logjams
+logo
+logogram
+logoi
+logomach
+logos
+logotype
+logotypy
+logroll
+logrolls
+logs
+logway
+logways
+logwood
+logwoods
+logy
+loin
+loins
+loiter
+loitered
+loiterer
+loiters
+loll
+lolled
+loller
+lollers
+lollies
+lolling
+lollipop
+lollop
+lolloped
+lollops
+lolls
+lolly
+lollygag
+lollypop
+lomein
+lomeins
+loment
+lomenta
+loments
+lomentum
+lone
+lonelier
+lonelily
+lonely
+loneness
+loner
+loners
+lonesome
+long
+longan
+longans
+longboat
+longbow
+longbows
+longe
+longed
+longeing
+longer
+longeron
+longers
+longes
+longest
+longhair
+longhand
+longhead
+longhorn
+longies
+longing
+longings
+longish
+longleaf
+longline
+longly
+longness
+longs
+longship
+longsome
+longspur
+longtime
+longueur
+longways
+longwise
+loo
+loobies
+looby
+looed
+looey
+looeys
+loof
+loofa
+loofah
+loofahs
+loofas
+loofs
+looie
+looies
+looing
+look
+lookdown
+looked
+looker
+lookers
+looking
+lookout
+lookouts
+looks
+lookup
+lookups
+loom
+loomed
+looming
+looms
+loon
+looney
+looneys
+loonier
+loonies
+looniest
+loons
+loony
+loop
+looped
+looper
+loopers
+loophole
+loopier
+loopiest
+looping
+loops
+loopy
+loos
+loose
+loosed
+loosely
+loosen
+loosened
+loosener
+loosens
+looser
+looses
+loosest
+loosing
+loot
+looted
+looter
+looters
+looting
+loots
+lop
+lope
+loped
+loper
+lopers
+lopes
+loping
+lopped
+lopper
+loppered
+loppers
+loppier
+loppiest
+lopping
+loppy
+lops
+lopsided
+lopstick
+loquat
+loquats
+loral
+loran
+lorans
+lord
+lorded
+lording
+lordings
+lordless
+lordlier
+lordlike
+lordling
+lordly
+lordoma
+lordomas
+lordoses
+lordosis
+lordotic
+lords
+lordship
+lore
+loreal
+lores
+lorgnon
+lorgnons
+lorica
+loricae
+loricate
+lories
+lorikeet
+lorimer
+lorimers
+loriner
+loriners
+loris
+lorises
+lorn
+lornness
+lorries
+lorry
+lory
+losable
+lose
+losel
+losels
+loser
+losers
+loses
+losing
+losingly
+losings
+loss
+losses
+lossy
+lost
+lostness
+lot
+lota
+lotah
+lotahs
+lotas
+loth
+lothario
+lothsome
+loti
+lotic
+lotion
+lotions
+lotos
+lotoses
+lots
+lotte
+lotted
+lottery
+lottes
+lotting
+lotto
+lottos
+lotus
+lotuses
+louche
+loud
+louden
+loudened
+loudens
+louder
+loudest
+loudish
+loudlier
+loudly
+loudness
+lough
+loughs
+louie
+louies
+louis
+lounge
+lounged
+lounger
+loungers
+lounges
+lounging
+loungy
+loup
+loupe
+louped
+loupen
+loupes
+louping
+loups
+lour
+loured
+louring
+lours
+loury
+louse
+loused
+louses
+lousier
+lousiest
+lousily
+lousing
+lousy
+lout
+louted
+louting
+loutish
+louts
+louver
+louvered
+louvers
+louvre
+louvred
+louvres
+lovable
+lovably
+lovage
+lovages
+lovat
+lovats
+love
+loveable
+loveably
+lovebird
+lovebug
+lovebugs
+loved
+loveless
+lovelier
+lovelies
+lovelily
+lovelock
+lovelorn
+lovely
+lover
+loverly
+lovers
+loves
+lovesick
+lovesome
+lovevine
+loving
+lovingly
+low
+lowball
+lowballs
+lowborn
+lowboy
+lowboys
+lowbred
+lowbrow
+lowbrows
+lowdown
+lowdowns
+lowe
+lowed
+lower
+lowered
+lowering
+lowers
+lowery
+lowes
+lowest
+lowing
+lowings
+lowish
+lowland
+lowlands
+lowlier
+lowliest
+lowlife
+lowlifer
+lowlifes
+lowlight
+lowlives
+lowly
+lown
+lowness
+lowrider
+lows
+lowse
+lox
+loxed
+loxes
+loxing
+loyal
+loyaler
+loyalest
+loyalism
+loyalist
+loyally
+loyalty
+lozenge
+lozenges
+luau
+luaus
+lubber
+lubberly
+lubbers
+lube
+lubes
+lubric
+lubrical
+lucarne
+lucarnes
+luce
+lucence
+lucences
+lucency
+lucent
+lucently
+lucern
+lucerne
+lucernes
+lucerns
+luces
+lucid
+lucidity
+lucidly
+lucifer
+lucifers
+luck
+lucked
+luckie
+luckier
+luckies
+luckiest
+luckily
+lucking
+luckless
+lucks
+lucky
+lucre
+lucres
+luculent
+lude
+ludes
+ludic
+lues
+luetic
+luetics
+luff
+luffa
+luffas
+luffed
+luffing
+luffs
+lug
+luge
+luged
+lugeing
+luger
+lugers
+luges
+luggage
+luggages
+lugged
+lugger
+luggers
+luggie
+luggies
+lugging
+lugs
+lugsail
+lugsails
+lugworm
+lugworms
+lukewarm
+lull
+lullaby
+lulled
+lulling
+lulls
+lulu
+lulus
+lum
+lumbago
+lumbagos
+lumbar
+lumbars
+lumber
+lumbered
+lumberer
+lumbers
+lumen
+lumenal
+lumens
+lumina
+luminal
+luminary
+luminism
+luminist
+luminous
+lummox
+lummoxes
+lump
+lumped
+lumpen
+lumpens
+lumper
+lumpers
+lumpfish
+lumpier
+lumpiest
+lumpily
+lumping
+lumpish
+lumps
+lumpy
+lums
+luna
+lunacies
+lunacy
+lunar
+lunarian
+lunars
+lunas
+lunate
+lunated
+lunately
+lunatic
+lunatics
+lunation
+lunch
+lunched
+luncheon
+luncher
+lunchers
+lunches
+lunching
+lune
+lunes
+lunet
+lunets
+lunette
+lunettes
+lung
+lungan
+lungans
+lunge
+lunged
+lungee
+lungees
+lunger
+lungers
+lunges
+lungfish
+lungful
+lungfuls
+lungi
+lunging
+lungis
+lungs
+lungworm
+lungwort
+lungyi
+lungyis
+lunier
+lunies
+luniest
+lunk
+lunker
+lunkers
+lunkhead
+lunks
+lunt
+lunted
+lunting
+lunts
+lunula
+lunulae
+lunular
+lunulate
+lunule
+lunules
+luny
+lupanar
+lupanars
+lupin
+lupine
+lupines
+lupins
+lupous
+lupulin
+lupulins
+lupus
+lupuses
+lurch
+lurched
+lurcher
+lurchers
+lurches
+lurching
+lurdan
+lurdane
+lurdanes
+lurdans
+lure
+lured
+lurer
+lurers
+lures
+lurid
+luridly
+luring
+lurk
+lurked
+lurker
+lurkers
+lurking
+lurks
+luscious
+lush
+lushed
+lusher
+lushes
+lushest
+lushing
+lushly
+lushness
+lust
+lusted
+luster
+lustered
+lusters
+lustful
+lustier
+lustiest
+lustily
+lusting
+lustra
+lustral
+lustrate
+lustre
+lustred
+lustres
+lustring
+lustrous
+lustrum
+lustrums
+lusts
+lusty
+lusus
+lususes
+lutanist
+lute
+lutea
+luteal
+lutecium
+luted
+lutefisk
+lutein
+luteins
+lutenist
+luteolin
+luteous
+lutes
+lutetium
+luteum
+luthern
+lutherns
+luthier
+luthiers
+luting
+lutings
+lutist
+lutists
+lutz
+lutzes
+luv
+luvs
+lux
+luxate
+luxated
+luxates
+luxating
+luxation
+luxe
+luxes
+luxuries
+luxury
+lwei
+lweis
+lyard
+lyart
+lyase
+lyases
+lycea
+lycee
+lycees
+lyceum
+lyceums
+lychee
+lychees
+lychnis
+lycopene
+lycopod
+lycopods
+lyddite
+lyddites
+lye
+lyes
+lying
+lyingly
+lyings
+lymph
+lymphoid
+lymphoma
+lymphs
+lyncean
+lynch
+lynched
+lyncher
+lynchers
+lynches
+lynching
+lynchpin
+lynx
+lynxes
+lyophile
+lyrate
+lyrated
+lyrately
+lyre
+lyrebird
+lyres
+lyric
+lyrical
+lyricise
+lyricism
+lyricist
+lyricize
+lyrics
+lyriform
+lyrism
+lyrisms
+lyrist
+lyrists
+lysate
+lysates
+lyse
+lysed
+lyses
+lysin
+lysine
+lysines
+lysing
+lysins
+lysis
+lysogen
+lysogens
+lysogeny
+lysosome
+lysozyme
+lyssa
+lyssas
+lytic
+lytta
+lyttae
+lyttas
+ma
+maar
+maars
+mabe
+mabes
+mac
+macaber
+macabre
+macaco
+macacos
+macadam
+macadams
+macaque
+macaques
+macaroni
+macaroon
+macaw
+macaws
+maccabaw
+maccaboy
+macchia
+macchie
+maccoboy
+mace
+maced
+macer
+macerate
+macers
+maces
+mach
+mache
+maches
+machete
+machetes
+machine
+machined
+machines
+machismo
+macho
+machos
+machree
+machrees
+machs
+machzor
+machzors
+macing
+mack
+mackerel
+mackinaw
+mackle
+mackled
+mackles
+mackling
+macks
+macle
+macled
+macles
+macon
+macons
+macrame
+macrames
+macro
+macron
+macrons
+macros
+macrural
+macruran
+macs
+macula
+maculae
+macular
+maculas
+maculate
+macule
+maculed
+macules
+maculing
+macumba
+macumbas
+mad
+madam
+madame
+madames
+madams
+madcap
+madcaps
+madded
+madden
+maddened
+maddens
+madder
+madders
+maddest
+madding
+maddish
+made
+madeira
+madeiras
+madhouse
+madly
+madman
+madmen
+madness
+madonna
+madonnas
+madras
+madrases
+madre
+madres
+madrigal
+madrona
+madronas
+madrone
+madrones
+madrono
+madronos
+mads
+maduro
+maduros
+madwoman
+madwomen
+madwort
+madworts
+madzoon
+madzoons
+mae
+maenad
+maenades
+maenadic
+maenads
+maes
+maestoso
+maestri
+maestro
+maestros
+maffia
+maffias
+maffick
+mafficks
+mafia
+mafias
+mafic
+mafiosi
+mafioso
+maftir
+maftirs
+mag
+magazine
+magdalen
+mage
+magenta
+magentas
+mages
+maggot
+maggots
+maggoty
+magi
+magian
+magians
+magic
+magical
+magician
+magicked
+magics
+magilp
+magilps
+magister
+maglev
+maglevs
+magma
+magmas
+magmata
+magmatic
+magnate
+magnates
+magnesia
+magnesic
+magnet
+magnetic
+magneto
+magneton
+magnetos
+magnets
+magnific
+magnify
+magnolia
+magnum
+magnums
+magot
+magots
+magpie
+magpies
+mags
+maguey
+magueys
+magus
+maharaja
+maharani
+mahatma
+mahatmas
+mahimahi
+mahjong
+mahjongg
+mahjongs
+mahoe
+mahoes
+mahogany
+mahonia
+mahonias
+mahout
+mahouts
+mahuang
+mahuangs
+mahzor
+mahzorim
+mahzors
+maid
+maiden
+maidenly
+maidens
+maidhood
+maidish
+maids
+maieutic
+maigre
+maihem
+maihems
+mail
+mailable
+mailbag
+mailbags
+mailbox
+maile
+mailed
+mailer
+mailers
+mailes
+mailing
+mailings
+maill
+mailless
+maillot
+maillots
+maills
+mailman
+mailmen
+mails
+maim
+maimed
+maimer
+maimers
+maiming
+maims
+main
+mainland
+mainline
+mainly
+mainmast
+mains
+mainsail
+mainstay
+maintain
+maintop
+maintops
+maiolica
+mair
+mairs
+maist
+maists
+maize
+maizes
+majagua
+majaguas
+majestic
+majesty
+majolica
+major
+majored
+majoring
+majority
+majorly
+majors
+makable
+makar
+makars
+make
+makeable
+makebate
+makefast
+makeover
+maker
+makers
+makes
+makeup
+makeups
+makimono
+making
+makings
+mako
+makos
+makuta
+malacca
+malaccas
+maladies
+malady
+malaise
+malaises
+malamute
+malanga
+malangas
+malapert
+malaprop
+malar
+malaria
+malarial
+malarian
+malarias
+malarkey
+malarky
+malaroma
+malars
+malate
+malates
+male
+maleate
+maleates
+maledict
+malefic
+malemiut
+malemute
+maleness
+males
+malfed
+malgre
+malic
+malice
+malices
+malign
+maligned
+maligner
+malignly
+maligns
+malihini
+maline
+malines
+malinger
+malison
+malisons
+malkin
+malkins
+mall
+mallard
+mallards
+malled
+mallee
+mallees
+mallei
+malleoli
+mallet
+mallets
+malleus
+malling
+mallow
+mallows
+malls
+malm
+malmier
+malmiest
+malms
+malmsey
+malmseys
+malmy
+malodor
+malodors
+maloti
+malposed
+malt
+maltase
+maltases
+malted
+malteds
+maltha
+malthas
+maltier
+maltiest
+malting
+maltol
+maltols
+maltose
+maltoses
+maltreat
+malts
+maltster
+malty
+malvasia
+mama
+mamaliga
+mamas
+mamba
+mambas
+mambo
+mamboed
+mamboes
+mamboing
+mambos
+mameluke
+mamey
+mameyes
+mameys
+mamie
+mamies
+mamluk
+mamluks
+mamma
+mammae
+mammal
+mammals
+mammary
+mammas
+mammate
+mammati
+mammatus
+mammee
+mammees
+mammer
+mammered
+mammers
+mammet
+mammets
+mammey
+mammeys
+mammie
+mammies
+mammilla
+mammitis
+mammock
+mammocks
+mammon
+mammons
+mammoth
+mammoths
+mammy
+man
+mana
+manacle
+manacled
+manacles
+manage
+managed
+manager
+managers
+manages
+managing
+manakin
+manakins
+manana
+mananas
+manas
+manatee
+manatees
+manatoid
+manche
+manches
+manchet
+manchets
+manciple
+mandala
+mandalas
+mandalic
+mandamus
+mandarin
+mandate
+mandated
+mandates
+mandator
+mandible
+mandioca
+mandola
+mandolas
+mandolin
+mandrake
+mandrel
+mandrels
+mandril
+mandrill
+mandrils
+mane
+maned
+manege
+maneges
+maneless
+manes
+maneuver
+manful
+manfully
+mangabey
+mangaby
+manganic
+mange
+mangel
+mangels
+manger
+mangers
+manges
+mangey
+mangier
+mangiest
+mangily
+mangle
+mangled
+mangler
+manglers
+mangles
+mangling
+mango
+mangoes
+mangold
+mangolds
+mangonel
+mangos
+mangrove
+mangy
+manhole
+manholes
+manhood
+manhoods
+manhunt
+manhunts
+mania
+maniac
+maniacal
+maniacs
+manias
+manic
+manics
+manicure
+manifest
+manifold
+manihot
+manihots
+manikin
+manikins
+manila
+manilas
+manilla
+manillas
+manille
+manilles
+manioc
+manioca
+maniocas
+maniocs
+maniple
+maniples
+manito
+manitos
+manitou
+manitous
+manitu
+manitus
+mankind
+manless
+manlier
+manliest
+manlike
+manlily
+manly
+manmade
+manna
+mannan
+mannans
+mannas
+manned
+manner
+mannered
+mannerly
+manners
+mannikin
+manning
+mannish
+mannite
+mannites
+mannitic
+mannitol
+mannose
+mannoses
+mano
+manor
+manorial
+manors
+manos
+manpack
+manpower
+manque
+manrope
+manropes
+mans
+mansard
+mansards
+manse
+manses
+mansion
+mansions
+manta
+mantas
+manteau
+manteaus
+manteaux
+mantel
+mantelet
+mantels
+mantes
+mantic
+mantid
+mantids
+mantilla
+mantis
+mantises
+mantissa
+mantle
+mantled
+mantles
+mantlet
+mantlets
+mantling
+mantra
+mantrap
+mantraps
+mantras
+mantric
+mantua
+mantuas
+manual
+manually
+manuals
+manuary
+manubria
+manumit
+manumits
+manure
+manured
+manurer
+manurers
+manures
+manurial
+manuring
+manus
+manward
+manwards
+manwise
+many
+manyfold
+map
+maple
+maples
+maplike
+mapmaker
+mappable
+mapped
+mapper
+mappers
+mapping
+mappings
+maps
+maquette
+maqui
+maquis
+mar
+marabou
+marabous
+marabout
+maraca
+maracas
+maranta
+marantas
+marasca
+marascas
+marasmic
+marasmus
+marathon
+maraud
+marauded
+marauder
+marauds
+maravedi
+marble
+marbled
+marbler
+marblers
+marbles
+marblier
+marbling
+marbly
+marc
+marcato
+marcel
+marcels
+march
+marched
+marchen
+marcher
+marchers
+marches
+marchesa
+marchese
+marchesi
+marching
+marcs
+mare
+maremma
+maremme
+marengo
+mares
+margaric
+margarin
+margay
+margays
+marge
+margent
+margents
+marges
+margin
+marginal
+margined
+margins
+margrave
+maria
+mariachi
+marigold
+marimba
+marimbas
+marina
+marinade
+marinara
+marinas
+marinate
+marine
+mariner
+mariners
+marines
+mariposa
+marish
+marishes
+marital
+maritime
+marjoram
+mark
+markdown
+marked
+markedly
+marker
+markers
+market
+marketed
+marketer
+markets
+markhoor
+markhor
+markhors
+marking
+markings
+markka
+markkaa
+markkas
+marks
+marksman
+marksmen
+markup
+markups
+marl
+marled
+marlier
+marliest
+marlin
+marline
+marlines
+marling
+marlings
+marlins
+marlite
+marlites
+marlitic
+marls
+marly
+marmite
+marmites
+marmoset
+marmot
+marmots
+marocain
+maroon
+marooned
+maroons
+marplot
+marplots
+marque
+marquee
+marquees
+marques
+marquess
+marquis
+marquise
+marram
+marrams
+marrano
+marranos
+marred
+marrer
+marrers
+marriage
+married
+marrieds
+marrier
+marriers
+marries
+marring
+marron
+marrons
+marrow
+marrowed
+marrows
+marrowy
+marry
+marrying
+mars
+marsala
+marsalas
+marse
+marses
+marsh
+marshal
+marshall
+marshals
+marshes
+marshier
+marshy
+marsupia
+mart
+martagon
+marted
+martello
+marten
+martens
+martial
+martian
+martians
+martin
+martinet
+marting
+martini
+martinis
+martins
+martlet
+martlets
+marts
+martyr
+martyred
+martyrly
+martyrs
+martyry
+marvel
+marveled
+marvels
+marvy
+maryjane
+marzipan
+mas
+mascara
+mascaras
+mascon
+mascons
+mascot
+mascots
+maser
+masers
+mash
+mashed
+masher
+mashers
+mashes
+mashie
+mashies
+mashing
+mashy
+masjid
+masjids
+mask
+maskable
+masked
+maskeg
+maskegs
+masker
+maskers
+masking
+maskings
+masklike
+masks
+mason
+masoned
+masonic
+masoning
+masonry
+masons
+masque
+masquer
+masquers
+masques
+mass
+massa
+massacre
+massage
+massaged
+massager
+massages
+massas
+masscult
+masse
+massed
+massedly
+masses
+masseter
+masseur
+masseurs
+masseuse
+massicot
+massier
+massiest
+massif
+massifs
+massing
+massive
+massless
+massy
+mast
+mastaba
+mastabah
+mastabas
+masted
+master
+mastered
+masterly
+masters
+mastery
+masthead
+mastic
+mastiche
+mastics
+mastiff
+mastiffs
+masting
+mastitic
+mastitis
+mastix
+mastixes
+mastless
+mastlike
+mastodon
+mastoid
+mastoids
+masts
+masurium
+mat
+matador
+matadors
+match
+matchbox
+matched
+matcher
+matchers
+matches
+matching
+matchup
+matchups
+mate
+mated
+mateless
+matelot
+matelote
+matelots
+mater
+material
+materiel
+maternal
+maters
+mates
+mateship
+matey
+mateys
+math
+maths
+matilda
+matildas
+matin
+matinal
+matinee
+matinees
+matiness
+mating
+matings
+matins
+matless
+matrass
+matres
+matrices
+matrix
+matrixes
+matron
+matronal
+matronly
+matrons
+mats
+matsah
+matsahs
+matt
+matte
+matted
+mattedly
+matter
+mattered
+matters
+mattery
+mattes
+mattin
+matting
+mattings
+mattins
+mattock
+mattocks
+mattoid
+mattoids
+mattrass
+mattress
+matts
+maturate
+mature
+matured
+maturely
+maturer
+matures
+maturest
+maturing
+maturity
+matza
+matzah
+matzahs
+matzas
+matzo
+matzoh
+matzohs
+matzoon
+matzoons
+matzos
+matzot
+matzoth
+maud
+maudlin
+mauds
+mauger
+maugre
+maul
+mauled
+mauler
+maulers
+mauling
+mauls
+maumet
+maumetry
+maumets
+maun
+maund
+maunder
+maunders
+maundies
+maunds
+maundy
+mausolea
+maut
+mauts
+mauve
+mauves
+maven
+mavens
+maverick
+mavie
+mavies
+mavin
+mavins
+mavis
+mavises
+maw
+mawed
+mawing
+mawkish
+mawn
+maws
+max
+maxes
+maxi
+maxicoat
+maxilla
+maxillae
+maxillas
+maxim
+maxima
+maximal
+maximals
+maximin
+maximins
+maximise
+maximite
+maximize
+maxims
+maximum
+maximums
+maxis
+maxixe
+maxixes
+maxwell
+maxwells
+may
+maya
+mayan
+mayapple
+mayas
+maybe
+maybes
+maybush
+mayday
+maydays
+mayed
+mayest
+mayflies
+mayfly
+mayhap
+mayhem
+mayhems
+maying
+mayings
+mayo
+mayor
+mayoral
+mayoress
+mayors
+mayos
+maypole
+maypoles
+maypop
+maypops
+mays
+mayst
+mayvin
+mayvins
+mayweed
+mayweeds
+mazaedia
+mazard
+mazards
+maze
+mazed
+mazedly
+mazelike
+mazer
+mazers
+mazes
+mazier
+maziest
+mazily
+maziness
+mazing
+mazourka
+mazuma
+mazumas
+mazurka
+mazurkas
+mazy
+mazzard
+mazzards
+mbira
+mbiras
+me
+mead
+meadow
+meadows
+meadowy
+meads
+meager
+meagerly
+meagre
+meagrely
+meal
+mealie
+mealier
+mealies
+mealiest
+mealless
+meals
+mealtime
+mealworm
+mealy
+mealybug
+mean
+meander
+meanders
+meaner
+meaners
+meanest
+meanie
+meanies
+meaning
+meanings
+meanly
+meanness
+means
+meant
+meantime
+meany
+measle
+measled
+measles
+measlier
+measly
+measure
+measured
+measurer
+measures
+meat
+meatal
+meatball
+meated
+meathead
+meatier
+meatiest
+meatily
+meatless
+meatloaf
+meatman
+meatmen
+meats
+meatus
+meatuses
+meaty
+mecca
+meccas
+mechanic
+meconium
+med
+medaka
+medakas
+medal
+medaled
+medaling
+medalist
+medalled
+medallic
+medals
+meddle
+meddled
+meddler
+meddlers
+meddles
+meddling
+medevac
+medevacs
+medflies
+medfly
+media
+mediacy
+mediad
+mediae
+medial
+medially
+medials
+median
+medianly
+medians
+mediant
+mediants
+medias
+mediate
+mediated
+mediates
+mediator
+medic
+medicaid
+medical
+medicals
+medicare
+medicate
+medicine
+medick
+medicks
+medico
+medicos
+medics
+medieval
+medii
+medina
+medinas
+mediocre
+meditate
+medium
+mediums
+medius
+medlar
+medlars
+medley
+medleys
+medulla
+medullae
+medullar
+medullas
+medusa
+medusae
+medusal
+medusan
+medusans
+medusas
+medusoid
+meed
+meeds
+meek
+meeker
+meekest
+meekly
+meekness
+meerkat
+meerkats
+meet
+meeter
+meeters
+meeting
+meetings
+meetly
+meetness
+meets
+megabar
+megabars
+megabit
+megabits
+megabuck
+megabyte
+megacity
+megadeal
+megadose
+megadyne
+megahit
+megahits
+megalith
+megalops
+megapod
+megapode
+megapods
+megass
+megasse
+megasses
+megastar
+megaton
+megatons
+megavolt
+megawatt
+megillah
+megilp
+megilph
+megilphs
+megilps
+megohm
+megohms
+megrim
+megrims
+meikle
+meinie
+meinies
+meiny
+meioses
+meiosis
+meiotic
+mel
+melamdim
+melamed
+melamine
+melange
+melanges
+melanian
+melanic
+melanics
+melanin
+melanins
+melanism
+melanist
+melanite
+melanize
+melanoid
+melanoma
+melanous
+meld
+melded
+melder
+melders
+melding
+melds
+melee
+melees
+melic
+melilite
+melilot
+melilots
+melinite
+melisma
+melismas
+mell
+melled
+mellific
+melling
+mellow
+mellowed
+mellower
+mellowly
+mellows
+mells
+melodeon
+melodia
+melodias
+melodic
+melodica
+melodies
+melodise
+melodist
+melodize
+melody
+meloid
+meloids
+melon
+melons
+mels
+melt
+meltable
+meltage
+meltages
+meltdown
+melted
+melter
+melters
+melting
+melton
+meltons
+melts
+mem
+member
+membered
+members
+membrane
+memento
+mementos
+memo
+memoir
+memoirs
+memorial
+memories
+memorise
+memorize
+memory
+memos
+mems
+memsahib
+men
+menace
+menaced
+menacer
+menacers
+menaces
+menacing
+menad
+menads
+menage
+menages
+menarche
+menazon
+menazons
+mend
+mendable
+mended
+mender
+menders
+mendigo
+mendigos
+mending
+mendings
+mends
+menfolk
+menfolks
+menhaden
+menhir
+menhirs
+menial
+menially
+menials
+meninges
+meninx
+meniscal
+menisci
+meniscus
+meno
+menology
+menorah
+menorahs
+mensa
+mensae
+mensal
+mensas
+mensch
+menschen
+mensches
+mense
+mensed
+menseful
+menses
+mensing
+menstrua
+mensural
+menswear
+menta
+mental
+mentally
+menthene
+menthol
+menthols
+mention
+mentions
+mentor
+mentored
+mentors
+mentum
+menu
+menus
+meou
+meoued
+meouing
+meous
+meow
+meowed
+meowing
+meows
+mephitic
+mephitis
+mercapto
+mercer
+mercers
+mercery
+merchant
+mercies
+merciful
+mercuric
+mercury
+mercy
+merde
+merdes
+mere
+merely
+merengue
+merer
+meres
+merest
+merge
+merged
+mergence
+merger
+mergers
+merges
+merging
+meridian
+meringue
+merino
+merinos
+merises
+merisis
+meristem
+meristic
+merit
+merited
+meriting
+merits
+merk
+merks
+merl
+merle
+merles
+merlin
+merlins
+merlon
+merlons
+merlot
+merlots
+merls
+mermaid
+mermaids
+merman
+mermen
+meropia
+meropias
+meropic
+merrier
+merriest
+merrily
+merry
+mesa
+mesally
+mesarch
+mesas
+mescal
+mescals
+mesdames
+meseemed
+meseems
+mesh
+meshed
+meshes
+meshier
+meshiest
+meshing
+meshuga
+meshugah
+meshugga
+meshugge
+meshwork
+meshy
+mesial
+mesially
+mesian
+mesic
+mesmeric
+mesnalty
+mesne
+mesnes
+mesocarp
+mesoderm
+mesoglea
+mesomere
+meson
+mesonic
+mesons
+mesophyl
+mesosome
+mesotron
+mesquit
+mesquite
+mesquits
+mess
+message
+messaged
+messages
+messan
+messans
+messed
+messes
+messiah
+messiahs
+messier
+messiest
+messily
+messing
+messman
+messmate
+messmen
+messuage
+messy
+mestee
+mestees
+mesteso
+mestesos
+mestino
+mestinos
+mestiza
+mestizas
+mestizo
+mestizos
+met
+meta
+metage
+metages
+metal
+metaled
+metaling
+metalise
+metalist
+metalize
+metalled
+metallic
+metals
+metamer
+metamere
+metamers
+metaphor
+metate
+metates
+metazoa
+metazoal
+metazoan
+metazoic
+metazoon
+mete
+meted
+meteor
+meteoric
+meteors
+metepa
+metepas
+meter
+meterage
+metered
+metering
+meters
+metes
+meth
+methadon
+methane
+methanes
+methanol
+methinks
+method
+methodic
+methods
+methoxy
+methoxyl
+meths
+methyl
+methylal
+methylic
+methyls
+meticais
+metical
+meticals
+metier
+metiers
+meting
+metis
+metisse
+metisses
+metonym
+metonyms
+metonymy
+metopae
+metope
+metopes
+metopic
+metopon
+metopons
+metre
+metred
+metres
+metric
+metrical
+metrics
+metrify
+metring
+metrist
+metrists
+metritis
+metro
+metros
+mettle
+mettled
+mettles
+metump
+metumps
+meuniere
+mew
+mewed
+mewing
+mewl
+mewled
+mewler
+mewlers
+mewling
+mewls
+mews
+mezcal
+mezcals
+meze
+mezereon
+mezereum
+mezes
+mezquit
+mezquite
+mezquits
+mezuza
+mezuzah
+mezuzahs
+mezuzas
+mezuzot
+mezuzoth
+mezzo
+mezzos
+mho
+mhos
+mi
+miaou
+miaoued
+miaouing
+miaous
+miaow
+miaowed
+miaowing
+miaows
+miasm
+miasma
+miasmal
+miasmas
+miasmata
+miasmic
+miasms
+miaul
+miauled
+miauling
+miauls
+mib
+mibs
+mica
+micas
+micawber
+mice
+micell
+micella
+micellae
+micellar
+micelle
+micelles
+micells
+miche
+miched
+miches
+miching
+mick
+mickey
+mickeys
+mickle
+mickler
+mickles
+micklest
+micks
+micra
+micrify
+micro
+microbar
+microbe
+microbes
+microbic
+microbus
+microdot
+microhm
+microhms
+microlux
+micromho
+micron
+microns
+micros
+micrurgy
+mid
+midair
+midairs
+midbrain
+midcult
+midcults
+midday
+middays
+midden
+middens
+middies
+middle
+middled
+middler
+middlers
+middles
+middling
+middy
+midfield
+midge
+midges
+midget
+midgets
+midgut
+midguts
+midi
+midiron
+midirons
+midis
+midland
+midlands
+midleg
+midlegs
+midlife
+midline
+midlines
+midlives
+midmonth
+midmost
+midmosts
+midnight
+midnoon
+midnoons
+midpoint
+midrange
+midrash
+midrib
+midribs
+midriff
+midriffs
+mids
+midship
+midships
+midsize
+midsized
+midsole
+midsoles
+midspace
+midst
+midstory
+midsts
+midterm
+midterms
+midtown
+midtowns
+midwatch
+midway
+midways
+midweek
+midweeks
+midwife
+midwifed
+midwifes
+midwived
+midwives
+midyear
+midyears
+mien
+miens
+miff
+miffed
+miffier
+miffiest
+miffing
+miffs
+miffy
+mig
+migg
+miggle
+miggles
+miggs
+might
+mightier
+mightily
+mights
+mighty
+mignon
+mignonne
+mignons
+migraine
+migrant
+migrants
+migrate
+migrated
+migrates
+migrator
+migs
+mihrab
+mihrabs
+mijnheer
+mikado
+mikados
+mike
+miked
+mikes
+miking
+mikra
+mikron
+mikrons
+mikvah
+mikvahs
+mikveh
+mikvehs
+mikvoth
+mil
+miladi
+miladies
+miladis
+milady
+milage
+milages
+milch
+milchig
+mild
+milden
+mildened
+mildens
+milder
+mildest
+mildew
+mildewed
+mildews
+mildewy
+mildly
+mildness
+mile
+mileage
+mileages
+milepost
+miler
+milers
+miles
+milesimo
+milfoil
+milfoils
+milia
+miliaria
+miliary
+milieu
+milieus
+milieux
+militant
+military
+militate
+militia
+militias
+milium
+milk
+milked
+milker
+milkers
+milkfish
+milkier
+milkiest
+milkily
+milking
+milkmaid
+milkman
+milkmen
+milks
+milkshed
+milksop
+milksops
+milkweed
+milkwood
+milkwort
+milky
+mill
+millable
+millage
+millages
+millcake
+milldam
+milldams
+mille
+milled
+milleped
+miller
+millers
+milles
+millet
+millets
+milliard
+milliare
+milliary
+millibar
+millieme
+millier
+milliers
+milligal
+millilux
+millime
+millimes
+millimho
+milline
+milliner
+millines
+milling
+millings
+milliohm
+million
+millions
+milliped
+millirem
+millpond
+millrace
+millrun
+millruns
+mills
+millwork
+milneb
+milnebs
+milo
+milord
+milords
+milos
+milpa
+milpas
+milreis
+mils
+milt
+milted
+milter
+milters
+miltier
+miltiest
+milting
+milts
+milty
+mim
+mimbar
+mimbars
+mime
+mimed
+mimeo
+mimeoed
+mimeoing
+mimeos
+mimer
+mimers
+mimes
+mimesis
+mimetic
+mimetite
+mimic
+mimical
+mimicked
+mimicker
+mimicry
+mimics
+miming
+mimosa
+mimosas
+mina
+minable
+minacity
+minae
+minaret
+minarets
+minas
+minatory
+mince
+minced
+mincer
+mincers
+minces
+mincier
+minciest
+mincing
+mincy
+mind
+minded
+minder
+minders
+mindful
+minding
+mindless
+minds
+mindset
+mindsets
+mine
+mineable
+mined
+miner
+mineral
+minerals
+miners
+mines
+mingier
+mingiest
+mingle
+mingled
+mingler
+minglers
+mingles
+mingling
+mingy
+mini
+minibike
+minibus
+minicab
+minicabs
+minicamp
+minicar
+minicars
+minified
+minifies
+minify
+minikin
+minikins
+minilab
+minilabs
+minim
+minima
+minimal
+minimals
+minimax
+minimill
+minimise
+minimize
+minims
+minimum
+minimums
+mining
+minings
+minion
+minions
+minipark
+minis
+minish
+minished
+minishes
+miniski
+miniskis
+minister
+ministry
+minium
+miniums
+minivan
+minivans
+miniver
+minivers
+mink
+minke
+minkes
+minks
+minnies
+minnow
+minnows
+minny
+minor
+minorca
+minorcas
+minored
+minoring
+minority
+minors
+minster
+minsters
+minstrel
+mint
+mintage
+mintages
+minted
+minter
+minters
+mintier
+mintiest
+minting
+mints
+minty
+minuend
+minuends
+minuet
+minuets
+minus
+minuses
+minute
+minuted
+minutely
+minuter
+minutes
+minutest
+minutia
+minutiae
+minutial
+minuting
+minx
+minxes
+minxish
+minyan
+minyanim
+minyans
+mioses
+miosis
+miotic
+miotics
+miquelet
+mir
+miracle
+miracles
+mirador
+miradors
+mirage
+mirages
+mire
+mired
+mires
+mirex
+mirexes
+miri
+mirier
+miriest
+miriness
+miring
+mirk
+mirker
+mirkest
+mirkier
+mirkiest
+mirkily
+mirks
+mirky
+mirliton
+mirror
+mirrored
+mirrors
+mirs
+mirth
+mirthful
+mirths
+miry
+mirza
+mirzas
+mis
+misact
+misacted
+misacts
+misadapt
+misadd
+misadded
+misadds
+misagent
+misaim
+misaimed
+misaims
+misalign
+misally
+misalter
+misandry
+misapply
+misassay
+misate
+misatone
+misaver
+misavers
+misaward
+misbegan
+misbegin
+misbegot
+misbegun
+misbias
+misbill
+misbills
+misbind
+misbinds
+misbound
+misbrand
+misbuild
+misbuilt
+miscall
+miscalls
+miscarry
+miscast
+miscasts
+mischief
+miscible
+miscite
+miscited
+miscites
+misclaim
+misclass
+miscode
+miscoded
+miscodes
+miscoin
+miscoins
+miscolor
+miscook
+miscooks
+miscopy
+miscount
+miscue
+miscued
+miscues
+miscuing
+miscut
+miscuts
+misdate
+misdated
+misdates
+misdeal
+misdeals
+misdealt
+misdeed
+misdeeds
+misdeem
+misdeems
+misdial
+misdials
+misdid
+misdo
+misdoer
+misdoers
+misdoes
+misdoing
+misdone
+misdoubt
+misdraw
+misdrawn
+misdraws
+misdrew
+misdrive
+misdrove
+mise
+misease
+miseases
+miseat
+miseaten
+miseats
+misedit
+misedits
+misenrol
+misenter
+misentry
+miser
+miserere
+miseries
+miserly
+misers
+misery
+mises
+misevent
+misfaith
+misfield
+misfile
+misfiled
+misfiles
+misfire
+misfired
+misfires
+misfit
+misfits
+misfocus
+misform
+misforms
+misframe
+misgauge
+misgave
+misgive
+misgiven
+misgives
+misgrade
+misgraft
+misgrew
+misgrow
+misgrown
+misgrows
+misguess
+misguide
+mishap
+mishaps
+mishear
+misheard
+mishears
+mishit
+mishits
+mishmash
+mishmosh
+misinfer
+misinter
+misjoin
+misjoins
+misjudge
+miskal
+miskals
+miskeep
+miskeeps
+miskept
+miskick
+miskicks
+misknew
+misknow
+misknown
+misknows
+mislabel
+mislabor
+mislaid
+mislain
+mislay
+mislayer
+mislays
+mislead
+misleads
+mislearn
+misled
+mislie
+mislies
+mislight
+mislike
+misliked
+misliker
+mislikes
+mislit
+mislive
+mislived
+mislives
+mislodge
+mislying
+mismade
+mismake
+mismakes
+mismark
+mismarks
+mismatch
+mismate
+mismated
+mismates
+mismeet
+mismeets
+mismet
+mismove
+mismoved
+mismoves
+misname
+misnamed
+misnames
+misnomer
+miso
+misogamy
+misogyny
+misology
+misorder
+misos
+mispage
+mispaged
+mispages
+mispaint
+misparse
+mispart
+misparts
+mispatch
+mispen
+mispens
+misplace
+misplan
+misplans
+misplant
+misplay
+misplays
+misplead
+mispled
+mispoint
+mispoise
+misprice
+misprint
+misprize
+misquote
+misraise
+misrate
+misrated
+misrates
+misread
+misreads
+misrefer
+misrely
+misroute
+misrule
+misruled
+misrules
+miss
+missable
+missaid
+missal
+missals
+missay
+missays
+misseat
+misseats
+missed
+missel
+missels
+missend
+missends
+missense
+missent
+misses
+misset
+missets
+misshape
+misshod
+missies
+missile
+missiles
+missilry
+missing
+mission
+missions
+missis
+missises
+missive
+missives
+missort
+missorts
+missound
+missout
+missouts
+misspace
+misspeak
+misspell
+misspelt
+misspend
+misspent
+misspoke
+misstart
+misstate
+missteer
+misstep
+missteps
+misstop
+misstops
+misstyle
+missuit
+missuits
+missus
+missuses
+missy
+mist
+mistake
+mistaken
+mistaker
+mistakes
+mistbow
+mistbows
+misteach
+misted
+mistend
+mistends
+mister
+misterm
+misterms
+misters
+misteuk
+misthink
+misthrew
+misthrow
+mistier
+mistiest
+mistily
+mistime
+mistimed
+mistimes
+misting
+mistitle
+mistook
+mistouch
+mistrace
+mistrain
+mistral
+mistrals
+mistreat
+mistress
+mistrial
+mistrust
+mistruth
+mistryst
+mists
+mistune
+mistuned
+mistunes
+mistutor
+misty
+mistype
+mistyped
+mistypes
+misunion
+misusage
+misuse
+misused
+misuser
+misusers
+misuses
+misusing
+misvalue
+misword
+miswords
+miswrit
+miswrite
+miswrote
+misyoke
+misyoked
+misyokes
+mite
+miter
+mitered
+miterer
+miterers
+mitering
+miters
+mites
+mither
+mithers
+miticide
+mitier
+mitiest
+mitigate
+mitis
+mitises
+mitogen
+mitogens
+mitoses
+mitosis
+mitotic
+mitral
+mitre
+mitred
+mitres
+mitring
+mitsvah
+mitsvahs
+mitsvoth
+mitt
+mitten
+mittens
+mittimus
+mitts
+mity
+mitzvah
+mitzvahs
+mitzvoth
+mix
+mixable
+mixed
+mixer
+mixers
+mixes
+mixible
+mixing
+mixology
+mixt
+mixture
+mixtures
+mixup
+mixups
+mizen
+mizens
+mizzen
+mizzens
+mizzle
+mizzled
+mizzles
+mizzling
+mizzly
+mm
+mnemonic
+mo
+moa
+moan
+moaned
+moaner
+moaners
+moanful
+moaning
+moans
+moas
+moat
+moated
+moating
+moatlike
+moats
+mob
+mobbed
+mobber
+mobbers
+mobbing
+mobbish
+mobcap
+mobcaps
+mobile
+mobiles
+mobilise
+mobility
+mobilize
+mobled
+mobocrat
+mobs
+mobster
+mobsters
+moc
+moccasin
+mocha
+mochas
+mochila
+mochilas
+mock
+mockable
+mocked
+mocker
+mockers
+mockery
+mocking
+mocks
+mockup
+mockups
+mocs
+mod
+modal
+modality
+modally
+mode
+model
+modeled
+modeler
+modelers
+modeling
+modelist
+modelled
+modeller
+models
+modem
+modems
+moderate
+moderato
+modern
+moderne
+moderner
+modernly
+moderns
+modes
+modest
+modester
+modestly
+modesty
+modi
+modica
+modicum
+modicums
+modified
+modifier
+modifies
+modify
+modioli
+modiolus
+modish
+modishly
+modiste
+modistes
+mods
+modular
+modulate
+module
+modules
+moduli
+modulo
+modulus
+modus
+mofette
+mofettes
+moffette
+mog
+mogged
+moggie
+moggies
+mogging
+moggy
+mogs
+mogul
+moguls
+mohair
+mohairs
+mohalim
+mohel
+mohelim
+mohels
+mohur
+mohurs
+moidore
+moidores
+moieties
+moiety
+moil
+moiled
+moiler
+moilers
+moiling
+moils
+moira
+moirai
+moire
+moires
+moist
+moisten
+moistens
+moister
+moistest
+moistful
+moistly
+moisture
+mojarra
+mojarras
+mojo
+mojoes
+mojos
+moke
+mokes
+mol
+mola
+molal
+molality
+molar
+molarity
+molars
+molas
+molasses
+mold
+moldable
+molded
+molder
+moldered
+molders
+moldier
+moldiest
+molding
+moldings
+molds
+moldwarp
+moldy
+mole
+molecule
+molehill
+moles
+moleskin
+molest
+molested
+molester
+molests
+molies
+moline
+moll
+mollah
+mollahs
+mollie
+mollies
+mollify
+molls
+mollusc
+molluscs
+mollusk
+mollusks
+molly
+moloch
+molochs
+mols
+molt
+molted
+molten
+moltenly
+molter
+molters
+molting
+molto
+molts
+moly
+molybdic
+mom
+mome
+moment
+momenta
+momently
+momento
+momentos
+moments
+momentum
+momes
+momi
+momism
+momisms
+momma
+mommas
+mommies
+mommy
+moms
+momser
+momsers
+momus
+momuses
+momzer
+momzers
+mon
+monachal
+monacid
+monacids
+monad
+monadal
+monades
+monadic
+monadism
+monads
+monandry
+monarch
+monarchs
+monarchy
+monarda
+monardas
+monas
+monastic
+monaural
+monaxial
+monaxon
+monaxons
+monazite
+monde
+mondes
+mondo
+mondos
+monecian
+monellin
+moneran
+monerans
+monetary
+monetise
+monetize
+money
+moneybag
+moneyed
+moneyer
+moneyers
+moneyman
+moneymen
+moneys
+mongeese
+monger
+mongered
+mongers
+mongo
+mongoe
+mongoes
+mongol
+mongols
+mongoose
+mongos
+mongrel
+mongrels
+mongst
+monicker
+monie
+monied
+monies
+moniker
+monikers
+monish
+monished
+monishes
+monism
+monisms
+monist
+monistic
+monists
+monition
+monitive
+monitor
+monitors
+monitory
+monk
+monkery
+monkey
+monkeyed
+monkeys
+monkfish
+monkhood
+monkish
+monks
+mono
+monoacid
+monocarp
+monocle
+monocled
+monocles
+monocot
+monocots
+monocrat
+monocyte
+monodic
+monodies
+monodist
+monody
+monoecy
+monofil
+monofils
+monofuel
+monogamy
+monogeny
+monogerm
+monoglot
+monogram
+monogyny
+monohull
+monolith
+monolog
+monologs
+monology
+monomer
+monomers
+monomial
+monopode
+monopody
+monopole
+monopoly
+monorail
+monos
+monosome
+monosomy
+monotint
+monotone
+monotony
+monotype
+monoxide
+mons
+monsieur
+monsoon
+monsoons
+monster
+monstera
+monsters
+montage
+montaged
+montages
+montane
+montanes
+monte
+monteith
+montero
+monteros
+montes
+month
+monthly
+months
+monument
+monuron
+monurons
+mony
+moo
+mooch
+mooched
+moocher
+moochers
+mooches
+mooching
+mood
+moodier
+moodiest
+moodily
+moods
+moody
+mooed
+mooing
+mool
+moola
+moolah
+moolahs
+moolas
+mooley
+mooleys
+mools
+moon
+moonbeam
+moonbow
+moonbows
+mooncalf
+moondust
+mooned
+mooneye
+mooneyes
+moonfish
+moonier
+mooniest
+moonily
+mooning
+moonish
+moonless
+moonlet
+moonlets
+moonlike
+moonlit
+moonport
+moonrise
+moons
+moonsail
+moonseed
+moonset
+moonsets
+moonshot
+moonwalk
+moonward
+moonwort
+moony
+moor
+moorage
+moorages
+moorcock
+moored
+moorfowl
+moorhen
+moorhens
+moorier
+mooriest
+mooring
+moorings
+moorish
+moorland
+moors
+moorwort
+moory
+moos
+moose
+moot
+mooted
+mooter
+mooters
+mooting
+moots
+mop
+mopboard
+mope
+moped
+mopeds
+moper
+moperies
+mopers
+mopery
+mopes
+mopey
+mopier
+mopiest
+moping
+mopingly
+mopish
+mopishly
+mopoke
+mopokes
+mopped
+mopper
+moppers
+moppet
+moppets
+mopping
+mops
+mopy
+moquette
+mor
+mora
+morae
+morainal
+moraine
+moraines
+morainic
+moral
+morale
+morales
+moralise
+moralism
+moralist
+morality
+moralize
+morally
+morals
+moras
+morass
+morasses
+morassy
+moratory
+moray
+morays
+morbid
+morbidly
+morbific
+morbilli
+morceau
+morceaux
+mordancy
+mordant
+mordants
+mordent
+mordents
+more
+moreen
+moreens
+morel
+morelle
+morelles
+morello
+morellos
+morels
+moreover
+mores
+moresque
+morgan
+morgans
+morgen
+morgens
+morgue
+morgues
+moribund
+morion
+morions
+morn
+morning
+mornings
+morns
+morocco
+moroccos
+moron
+moronic
+moronism
+moronity
+morons
+morose
+morosely
+morosity
+morph
+morpheme
+morphia
+morphias
+morphic
+morphin
+morphine
+morphins
+morpho
+morphos
+morphs
+morrion
+morrions
+morris
+morrises
+morro
+morros
+morrow
+morrows
+mors
+morse
+morsel
+morseled
+morsels
+mort
+mortal
+mortally
+mortals
+mortar
+mortared
+mortars
+mortary
+mortgage
+mortice
+morticed
+mortices
+mortify
+mortise
+mortised
+mortiser
+mortises
+mortmain
+morts
+mortuary
+morula
+morulae
+morular
+morulas
+mos
+mosaic
+mosaics
+mosasaur
+moschate
+mosey
+moseyed
+moseying
+moseys
+moshav
+moshavim
+mosk
+mosks
+mosque
+mosques
+mosquito
+moss
+mossback
+mossed
+mosser
+mossers
+mosses
+mossier
+mossiest
+mossing
+mosslike
+mosso
+mossy
+most
+moste
+mostest
+mostests
+mostly
+mosts
+mot
+mote
+motel
+motels
+motes
+motet
+motets
+motey
+moth
+mothball
+mother
+mothered
+motherly
+mothers
+mothery
+mothier
+mothiest
+mothlike
+moths
+mothy
+motif
+motific
+motifs
+motile
+motiles
+motility
+motion
+motional
+motioned
+motioner
+motions
+motivate
+motive
+motived
+motives
+motivic
+motiving
+motivity
+motley
+motleyer
+motleys
+motlier
+motliest
+motmot
+motmots
+motor
+motorbus
+motorcar
+motordom
+motored
+motoric
+motoring
+motorise
+motorist
+motorize
+motorman
+motormen
+motors
+motorway
+mots
+mott
+motte
+mottes
+mottle
+mottled
+mottler
+mottlers
+mottles
+mottling
+motto
+mottoes
+mottos
+motts
+mouch
+mouched
+mouches
+mouching
+mouchoir
+moue
+moues
+moufflon
+mouflon
+mouflons
+mouille
+moujik
+moujiks
+moulage
+moulages
+mould
+moulded
+moulder
+moulders
+mouldier
+moulding
+moulds
+mouldy
+moulin
+moulins
+moult
+moulted
+moulter
+moulters
+moulting
+moults
+mound
+mounded
+mounding
+mounds
+mount
+mountain
+mounted
+mounter
+mounters
+mounting
+mounts
+mourn
+mourned
+mourner
+mourners
+mournful
+mourning
+mourns
+mouse
+moused
+mouser
+mousers
+mouses
+mousey
+mousier
+mousiest
+mousily
+mousing
+mousings
+moussaka
+mousse
+moussed
+mousses
+moussing
+mousy
+mouth
+mouthed
+mouther
+mouthers
+mouthful
+mouthier
+mouthily
+mouthing
+mouths
+mouthy
+mouton
+moutons
+movable
+movables
+movably
+move
+moveable
+moveably
+moved
+moveless
+movement
+mover
+movers
+moves
+movie
+moviedom
+movieola
+movies
+moving
+movingly
+moviola
+moviolas
+mow
+mowed
+mower
+mowers
+mowing
+mowings
+mown
+mows
+moxa
+moxas
+moxie
+moxies
+mozetta
+mozettas
+mozette
+mozo
+mozos
+mozzetta
+mozzette
+mridanga
+mu
+much
+muchacho
+muches
+muchly
+muchness
+mucid
+mucidity
+mucilage
+mucin
+mucinoid
+mucinous
+mucins
+muck
+mucked
+mucker
+muckers
+muckier
+muckiest
+muckily
+mucking
+muckle
+muckles
+muckluck
+muckrake
+mucks
+muckworm
+mucky
+mucluc
+muclucs
+mucoid
+mucoidal
+mucoids
+mucor
+mucors
+mucosa
+mucosae
+mucosal
+mucosas
+mucose
+mucosity
+mucous
+mucro
+mucrones
+mucus
+mucuses
+mud
+mudcap
+mudcaps
+mudcat
+mudcats
+mudded
+mudder
+mudders
+muddied
+muddier
+muddies
+muddiest
+muddily
+mudding
+muddle
+muddled
+muddler
+muddlers
+muddles
+muddling
+muddly
+muddy
+muddying
+mudfish
+mudflat
+mudflats
+mudflow
+mudflows
+mudguard
+mudhole
+mudholes
+mudlark
+mudlarks
+mudpack
+mudpacks
+mudpuppy
+mudra
+mudras
+mudrock
+mudrocks
+mudroom
+mudrooms
+muds
+mudsill
+mudsills
+mudslide
+mudstone
+mueddin
+mueddins
+muenster
+muesli
+mueslis
+muezzin
+muezzins
+muff
+muffed
+muffin
+muffing
+muffins
+muffle
+muffled
+muffler
+mufflers
+muffles
+muffling
+muffs
+mufti
+muftis
+mug
+mugful
+mugfuls
+mugg
+muggar
+muggars
+mugged
+muggee
+muggees
+mugger
+muggers
+muggier
+muggiest
+muggily
+mugging
+muggings
+muggins
+muggs
+muggur
+muggurs
+muggy
+mugs
+mugwort
+mugworts
+mugwump
+mugwumps
+muhlies
+muhly
+mujik
+mujiks
+mukluk
+mukluks
+muktuk
+muktuks
+mulatto
+mulattos
+mulberry
+mulch
+mulched
+mulches
+mulching
+mulct
+mulcted
+mulcting
+mulcts
+mule
+muled
+mules
+muleta
+muletas
+muleteer
+muley
+muleys
+muling
+mulish
+mulishly
+mull
+mulla
+mullah
+mullahs
+mullas
+mulled
+mullein
+mulleins
+mullen
+mullens
+muller
+mullers
+mullet
+mullets
+mulley
+mulleys
+mulligan
+mulling
+mullion
+mullions
+mullite
+mullites
+mullock
+mullocks
+mullocky
+mulls
+multiage
+multicar
+multifid
+multijet
+multiped
+multiple
+multiply
+multiton
+multiuse
+multure
+multures
+mum
+mumble
+mumbled
+mumbler
+mumblers
+mumbles
+mumbling
+mumbly
+mumm
+mummed
+mummer
+mummers
+mummery
+mummied
+mummies
+mummify
+mumming
+mumms
+mummy
+mummying
+mump
+mumped
+mumper
+mumpers
+mumping
+mumps
+mums
+mumu
+mumus
+mun
+munch
+munched
+muncher
+munchers
+munches
+munchies
+munching
+munchkin
+mundane
+mundungo
+mungo
+mungoose
+mungos
+muni
+muniment
+munis
+munition
+munnion
+munnions
+muns
+munster
+munsters
+muntin
+munting
+muntings
+muntins
+muntjac
+muntjacs
+muntjak
+muntjaks
+muon
+muonic
+muonium
+muoniums
+muons
+mura
+muraenid
+mural
+muralist
+murals
+muras
+murder
+murdered
+murderee
+murderer
+murders
+mure
+mured
+murein
+mureins
+mures
+murex
+murexes
+muriate
+muriated
+muriates
+muricate
+murices
+murid
+murids
+murine
+murines
+muring
+murk
+murker
+murkest
+murkier
+murkiest
+murkily
+murkly
+murks
+murky
+murmur
+murmured
+murmurer
+murmurs
+murphies
+murphy
+murr
+murra
+murrain
+murrains
+murras
+murre
+murrelet
+murres
+murrey
+murreys
+murrha
+murrhas
+murrhine
+murries
+murrine
+murrs
+murry
+murther
+murthers
+mus
+musca
+muscadel
+muscadet
+muscae
+muscat
+muscatel
+muscats
+muscid
+muscids
+muscle
+muscled
+muscles
+muscling
+muscly
+muscular
+muse
+mused
+museful
+muser
+musers
+muses
+musette
+musettes
+museum
+museums
+mush
+mushed
+musher
+mushers
+mushes
+mushier
+mushiest
+mushily
+mushing
+mushroom
+mushy
+music
+musical
+musicale
+musicals
+musician
+musics
+musing
+musingly
+musings
+musjid
+musjids
+musk
+muskeg
+muskegs
+musket
+musketry
+muskets
+muskie
+muskier
+muskies
+muskiest
+muskily
+muskit
+muskits
+muskrat
+muskrats
+musks
+musky
+muslin
+muslins
+muspike
+muspikes
+musquash
+muss
+mussed
+mussel
+mussels
+musses
+mussier
+mussiest
+mussily
+mussing
+mussy
+must
+mustache
+mustang
+mustangs
+mustard
+mustards
+mustardy
+musted
+mustee
+mustees
+muster
+mustered
+musters
+musth
+musths
+mustier
+mustiest
+mustily
+musting
+musts
+musty
+mut
+mutable
+mutably
+mutagen
+mutagens
+mutant
+mutants
+mutase
+mutases
+mutate
+mutated
+mutates
+mutating
+mutation
+mutative
+mutch
+mutches
+mutchkin
+mute
+muted
+mutedly
+mutely
+muteness
+muter
+mutes
+mutest
+muticous
+mutilate
+mutine
+mutined
+mutineer
+mutines
+muting
+mutinied
+mutinies
+mutining
+mutinous
+mutiny
+mutism
+mutisms
+muton
+mutons
+muts
+mutt
+mutter
+muttered
+mutterer
+mutters
+mutton
+muttons
+muttony
+mutts
+mutual
+mutually
+mutuel
+mutuels
+mutular
+mutule
+mutules
+muumuu
+muumuus
+muzhik
+muzhiks
+muzjik
+muzjiks
+muzzier
+muzziest
+muzzily
+muzzle
+muzzled
+muzzler
+muzzlers
+muzzles
+muzzling
+muzzy
+my
+myalgia
+myalgias
+myalgic
+myases
+myasis
+mycele
+myceles
+mycelia
+mycelial
+mycelian
+mycelium
+myceloid
+mycetoma
+mycology
+mycoses
+mycosis
+mycotic
+myelin
+myeline
+myelines
+myelinic
+myelins
+myelitis
+myeloid
+myeloma
+myelomas
+myiases
+myiasis
+mylonite
+myna
+mynah
+mynahs
+mynas
+mynheer
+mynheers
+myoblast
+myogenic
+myograph
+myoid
+myologic
+myology
+myoma
+myomas
+myomata
+myopathy
+myope
+myopes
+myopia
+myopias
+myopic
+myopies
+myopy
+myoscope
+myoses
+myosin
+myosins
+myosis
+myositis
+myosote
+myosotes
+myosotis
+myotic
+myotics
+myotome
+myotomes
+myotonia
+myotonic
+myriad
+myriads
+myriapod
+myrica
+myricas
+myriopod
+myrmidon
+myrrh
+myrrhic
+myrrhs
+myrtle
+myrtles
+myself
+mysid
+mysids
+mysost
+mysosts
+mystagog
+mystery
+mystic
+mystical
+mysticly
+mystics
+mystify
+mystique
+myth
+mythic
+mythical
+mythier
+mythiest
+mythoi
+mythos
+myths
+mythy
+myxedema
+myxocyte
+myxoid
+myxoma
+myxomas
+myxomata
+na
+naan
+naans
+nab
+nabbed
+nabber
+nabbers
+nabbing
+nabe
+nabes
+nabis
+nabob
+nabobery
+nabobess
+nabobish
+nabobism
+nabobs
+nabs
+nacelle
+nacelles
+nachas
+naches
+nacho
+nachos
+nacre
+nacred
+nacreous
+nacres
+nada
+nadas
+nadir
+nadiral
+nadirs
+nae
+naething
+naevi
+naevoid
+naevus
+nag
+nagana
+naganas
+nagged
+nagger
+naggers
+naggier
+naggiest
+nagging
+naggy
+nags
+nah
+naiad
+naiades
+naiads
+naif
+naifs
+nail
+nailed
+nailer
+nailers
+nailfold
+nailhead
+nailing
+nails
+nailset
+nailsets
+nainsook
+naira
+naive
+naively
+naiver
+naives
+naivest
+naivete
+naivetes
+naivety
+naked
+nakeder
+nakedest
+nakedly
+naled
+naleds
+naloxone
+nam
+namable
+name
+nameable
+named
+nameless
+namely
+namer
+namers
+names
+namesake
+nametag
+nametags
+naming
+nan
+nana
+nanas
+nance
+nances
+nancies
+nancy
+nandin
+nandina
+nandinas
+nandins
+nanism
+nanisms
+nankeen
+nankeens
+nankin
+nankins
+nannie
+nannies
+nanny
+nanogram
+nanowatt
+nans
+naoi
+naos
+nap
+napalm
+napalmed
+napalms
+nape
+naperies
+napery
+napes
+naphtha
+naphthas
+naphthol
+naphthyl
+naphtol
+naphtols
+napiform
+napkin
+napkins
+napless
+napoleon
+nappe
+napped
+napper
+nappers
+nappes
+nappie
+nappier
+nappies
+nappiest
+napping
+nappy
+naps
+narc
+narcein
+narceine
+narceins
+narcism
+narcisms
+narcissi
+narcist
+narcists
+narco
+narcos
+narcose
+narcoses
+narcosis
+narcotic
+narcs
+nard
+nardine
+nards
+nares
+narghile
+nargile
+nargileh
+nargiles
+narial
+naric
+narine
+naris
+nark
+narked
+narking
+narks
+narky
+narrate
+narrated
+narrater
+narrates
+narrator
+narrow
+narrowed
+narrower
+narrowly
+narrows
+narthex
+narwal
+narwals
+narwhal
+narwhale
+narwhals
+nary
+nasal
+nasalise
+nasality
+nasalize
+nasally
+nasals
+nascence
+nascency
+nascent
+nasial
+nasion
+nasions
+nastic
+nastier
+nasties
+nastiest
+nastily
+nasty
+natal
+natality
+natant
+natantly
+natation
+natatory
+natch
+nates
+nathless
+nation
+national
+nations
+native
+natively
+natives
+nativism
+nativist
+nativity
+natrium
+natriums
+natron
+natrons
+natter
+nattered
+natters
+nattier
+nattiest
+nattily
+natty
+natural
+naturals
+nature
+natured
+natures
+naturism
+naturist
+naught
+naughts
+naughty
+naumachy
+nauplial
+nauplii
+nauplius
+nausea
+nauseant
+nauseas
+nauseate
+nauseous
+nautch
+nautches
+nautical
+nautili
+nautilus
+navaid
+navaids
+naval
+navally
+navar
+navars
+nave
+navel
+navels
+naves
+navette
+navettes
+navicert
+navies
+navigate
+navvies
+navvy
+navy
+naw
+nawab
+nawabs
+nay
+nays
+naysayer
+nazi
+nazified
+nazifies
+nazify
+nazis
+ne
+neap
+neaps
+near
+nearby
+neared
+nearer
+nearest
+nearing
+nearlier
+nearly
+nearness
+nears
+nearside
+neat
+neaten
+neatened
+neatens
+neater
+neatest
+neath
+neatherd
+neatly
+neatness
+neats
+neb
+nebbish
+nebbishy
+nebs
+nebula
+nebulae
+nebular
+nebulas
+nebule
+nebulise
+nebulize
+nebulose
+nebulous
+nebuly
+neck
+neckband
+necked
+necker
+neckers
+necking
+neckings
+necklace
+neckless
+necklike
+neckline
+necks
+necktie
+neckties
+neckwear
+necropsy
+necrose
+necrosed
+necroses
+necrosis
+necrotic
+nectar
+nectars
+nectary
+nee
+need
+needed
+needer
+needers
+needful
+needfuls
+needier
+neediest
+needily
+needing
+needle
+needled
+needler
+needlers
+needles
+needless
+needling
+needs
+needy
+neem
+neems
+neep
+neeps
+negate
+negated
+negater
+negaters
+negates
+negating
+negation
+negative
+negaton
+negatons
+negator
+negators
+negatron
+neglect
+neglects
+neglige
+negligee
+negliges
+negroid
+negroids
+negroni
+negronis
+negus
+neguses
+neif
+neifs
+neigh
+neighbor
+neighed
+neighing
+neighs
+neist
+neither
+nekton
+nektonic
+nektons
+nellie
+nellies
+nelly
+nelson
+nelsons
+nelumbo
+nelumbos
+nema
+nemas
+nematic
+nematode
+nemeses
+nemesis
+nene
+neolith
+neoliths
+neologic
+neology
+neomorph
+neomycin
+neon
+neonatal
+neonate
+neonates
+neoned
+neons
+neophyte
+neoplasm
+neoprene
+neotenic
+neoteny
+neoteric
+neotype
+neotypes
+nepenthe
+nephew
+nephews
+nephric
+nephrism
+nephrite
+nephron
+nephrons
+nepotic
+nepotism
+nepotist
+nerd
+nerdier
+nerdiest
+nerdish
+nerds
+nerdy
+nereid
+nereides
+nereids
+nereis
+neritic
+nerol
+neroli
+nerolis
+nerols
+nerts
+nertz
+nervate
+nerve
+nerved
+nerves
+nervier
+nerviest
+nervily
+nervine
+nervines
+nerving
+nervings
+nervous
+nervule
+nervules
+nervure
+nervures
+nervy
+nescient
+ness
+nesses
+nest
+nestable
+nested
+nester
+nesters
+nesting
+nestle
+nestled
+nestler
+nestlers
+nestles
+nestlike
+nestling
+nestor
+nestors
+nests
+net
+nether
+netless
+netlike
+netop
+netops
+nets
+netsuke
+netsukes
+nett
+nettable
+netted
+netter
+netters
+nettier
+nettiest
+netting
+nettings
+nettle
+nettled
+nettler
+nettlers
+nettles
+nettlier
+nettling
+nettly
+netts
+netty
+network
+networks
+neuk
+neuks
+neum
+neumatic
+neume
+neumes
+neumic
+neums
+neural
+neurally
+neuraxon
+neurine
+neurines
+neuritic
+neuritis
+neuroid
+neuroma
+neuromas
+neuron
+neuronal
+neurone
+neurones
+neuronic
+neurons
+neurosal
+neuroses
+neurosis
+neurotic
+neurula
+neurulae
+neurulas
+neuston
+neustons
+neuter
+neutered
+neuters
+neutral
+neutrals
+neutrino
+neutron
+neutrons
+neve
+never
+neves
+nevi
+nevoid
+nevus
+new
+newborn
+newborns
+newcomer
+newel
+newels
+newer
+newest
+newfound
+newie
+newies
+newish
+newly
+newlywed
+newmown
+newness
+news
+newsboy
+newsboys
+newscast
+newshawk
+newsie
+newsier
+newsies
+newsiest
+newsless
+newsman
+newsmen
+newspeak
+newsreel
+newsroom
+newsy
+newt
+newton
+newtons
+newts
+next
+nextdoor
+nexus
+nexuses
+ngultrum
+ngwee
+niacin
+niacins
+nib
+nibbed
+nibbing
+nibble
+nibbled
+nibbler
+nibblers
+nibbles
+nibbling
+niblick
+niblicks
+niblike
+nibs
+nicad
+nicads
+nice
+nicely
+niceness
+nicer
+nicest
+niceties
+nicety
+niche
+niched
+niches
+niching
+nick
+nicked
+nickel
+nickeled
+nickelic
+nickels
+nicker
+nickered
+nickers
+nicking
+nickle
+nickled
+nickles
+nickling
+nicknack
+nickname
+nicks
+nicol
+nicols
+nicotin
+nicotine
+nicotins
+nictate
+nictated
+nictates
+nidal
+nide
+nided
+nidering
+nides
+nidget
+nidgets
+nidi
+nidified
+nidifies
+nidify
+niding
+nidus
+niduses
+niece
+nieces
+nielli
+niellist
+niello
+nielloed
+niellos
+nieve
+nieves
+niffer
+niffered
+niffers
+niftier
+nifties
+niftiest
+niftily
+nifty
+niggard
+niggards
+nigger
+niggers
+niggle
+niggled
+niggler
+nigglers
+niggles
+niggling
+nigh
+nighed
+nigher
+nighest
+nighing
+nighness
+nighs
+night
+nightcap
+nightie
+nighties
+nightjar
+nightly
+nights
+nighty
+nigrify
+nigrosin
+nihil
+nihilism
+nihilist
+nihility
+nihils
+nil
+nilgai
+nilgais
+nilgau
+nilgaus
+nilghai
+nilghais
+nilghau
+nilghaus
+nill
+nilled
+nilling
+nills
+nils
+nim
+nimbi
+nimble
+nimbler
+nimblest
+nimbly
+nimbus
+nimbused
+nimbuses
+nimiety
+nimious
+nimmed
+nimming
+nimrod
+nimrods
+nims
+nine
+ninebark
+ninefold
+ninepin
+ninepins
+nines
+nineteen
+nineties
+ninety
+ninja
+ninjas
+ninnies
+ninny
+ninnyish
+ninon
+ninons
+ninth
+ninthly
+ninths
+niobate
+niobates
+niobic
+niobium
+niobiums
+niobous
+nip
+nipa
+nipas
+nipped
+nipper
+nippers
+nippier
+nippiest
+nippily
+nipping
+nipple
+nippled
+nipples
+nippy
+nips
+nirvana
+nirvanas
+nirvanic
+nisei
+niseis
+nisi
+nisus
+nit
+nitchie
+nitchies
+nite
+niter
+niterie
+niteries
+niters
+nitery
+nites
+nitid
+nitinol
+nitinols
+niton
+nitons
+nitpick
+nitpicks
+nitpicky
+nitrate
+nitrated
+nitrates
+nitrator
+nitre
+nitres
+nitric
+nitrid
+nitride
+nitrided
+nitrides
+nitrids
+nitrify
+nitril
+nitrile
+nitriles
+nitrils
+nitrite
+nitrites
+nitro
+nitrogen
+nitrolic
+nitros
+nitroso
+nitrosyl
+nitrous
+nits
+nittier
+nittiest
+nitty
+nitwit
+nitwits
+nival
+niveous
+nix
+nixe
+nixed
+nixes
+nixie
+nixies
+nixing
+nixy
+nizam
+nizamate
+nizams
+no
+nob
+nobbier
+nobbiest
+nobbily
+nobble
+nobbled
+nobbler
+nobblers
+nobbles
+nobbling
+nobby
+nobelium
+nobility
+noble
+nobleman
+noblemen
+nobler
+nobles
+noblesse
+noblest
+nobly
+nobodies
+nobody
+nobs
+nocent
+nock
+nocked
+nocking
+nocks
+noctuid
+noctuids
+noctule
+noctules
+noctuoid
+nocturn
+nocturne
+nocturns
+nocuous
+nod
+nodal
+nodality
+nodally
+nodded
+nodder
+nodders
+noddies
+nodding
+noddle
+noddled
+noddles
+noddling
+noddy
+node
+nodes
+nodi
+nodical
+nodose
+nodosity
+nodous
+nods
+nodular
+nodule
+nodules
+nodulose
+nodulous
+nodus
+noel
+noels
+noes
+noesis
+noesises
+noetic
+nog
+nogg
+nogged
+noggin
+nogging
+noggings
+noggins
+noggs
+nogs
+noh
+nohow
+noil
+noils
+noily
+noir
+noirish
+noirs
+noise
+noised
+noises
+noisette
+noisier
+noisiest
+noisily
+noising
+noisome
+noisy
+nolo
+nolos
+nom
+noma
+nomad
+nomadic
+nomadism
+nomads
+nomarch
+nomarchs
+nomarchy
+nomas
+nombles
+nombril
+nombrils
+nome
+nomen
+nomes
+nomina
+nominal
+nominals
+nominate
+nominee
+nominees
+nomism
+nomisms
+nomistic
+nomogram
+nomoi
+nomology
+nomos
+noms
+nona
+nonacid
+nonacids
+nonactor
+nonadult
+nonage
+nonages
+nonagon
+nonagons
+nonart
+nonarts
+nonas
+nonbank
+nonbanks
+nonbasic
+nonbeing
+nonblack
+nonbody
+nonbook
+nonbooks
+nonbrand
+noncash
+nonce
+nonces
+nonclass
+noncling
+noncola
+noncolor
+noncom
+noncoms
+noncrime
+nondairy
+nondance
+nondrug
+none
+nonego
+nonegos
+nonelect
+nonelite
+nonempty
+nonentry
+nonequal
+nones
+nonesuch
+nonet
+nonets
+nonevent
+nonfact
+nonfacts
+nonfan
+nonfans
+nonfarm
+nonfat
+nonfatal
+nonfatty
+nonfinal
+nonfluid
+nonfocal
+nonfood
+nonfuel
+nongame
+nongay
+nongays
+nonglare
+nongreen
+nonguest
+nonguilt
+nonhardy
+nonheme
+nonhero
+nonhome
+nonhuman
+nonideal
+nonimage
+nonionic
+noniron
+nonissue
+nonjuror
+nonjury
+nonlabor
+nonleafy
+nonlegal
+nonlife
+nonlives
+nonlocal
+nonmajor
+nonman
+nonmeat
+nonmen
+nonmetal
+nonmetro
+nonmodal
+nonmoney
+nonmoral
+nonmusic
+nonnaval
+nonnews
+nonnovel
+nonobese
+nonohmic
+nonoily
+nonowner
+nonpagan
+nonpaid
+nonpapal
+nonpar
+nonparty
+nonpast
+nonpasts
+nonpeak
+nonplay
+nonplays
+nonplus
+nonpoint
+nonpolar
+nonpoor
+nonprint
+nonpros
+nonquota
+nonrated
+nonrigid
+nonrival
+nonroyal
+nonrural
+nonself
+nonsense
+nonsked
+nonskeds
+nonskid
+nonskier
+nonslip
+nonsolar
+nonsolid
+nonstick
+nonstop
+nonstory
+nonstyle
+nonsuch
+nonsugar
+nonsuit
+nonsuits
+nontax
+nontaxes
+nontidal
+nontitle
+nontonal
+nontoxic
+nontrump
+nontruth
+nonunion
+nonuple
+nonuples
+nonurban
+nonuse
+nonuser
+nonusers
+nonuses
+nonusing
+nonvalid
+nonviral
+nonvocal
+nonvoter
+nonwar
+nonwars
+nonwhite
+nonwoody
+nonword
+nonwords
+nonwork
+nonwoven
+nonyl
+nonyls
+nonzero
+noo
+noodge
+noodged
+noodges
+noodging
+noodle
+noodled
+noodles
+noodling
+nook
+nookies
+nooklike
+nooks
+nooky
+noon
+noonday
+noondays
+nooning
+noonings
+noons
+noontide
+noontime
+noose
+noosed
+nooser
+noosers
+nooses
+noosing
+nopal
+nopals
+nope
+nor
+nordic
+nori
+noria
+norias
+noris
+norite
+norites
+noritic
+norland
+norlands
+norm
+normal
+normalcy
+normally
+normals
+normande
+normed
+normless
+norms
+north
+norther
+northern
+northers
+northing
+norths
+nos
+nose
+nosebag
+nosebags
+noseband
+nosed
+nosedive
+nosegay
+nosegays
+noseless
+noselike
+noses
+nosey
+nosh
+noshed
+nosher
+noshers
+noshes
+noshing
+nosier
+nosiest
+nosily
+nosiness
+nosing
+nosings
+nosology
+nostoc
+nostocs
+nostril
+nostrils
+nostrum
+nostrums
+nosy
+not
+nota
+notable
+notables
+notably
+notal
+notarial
+notaries
+notarize
+notary
+notate
+notated
+notates
+notating
+notation
+notch
+notched
+notcher
+notchers
+notches
+notching
+note
+notebook
+notecase
+noted
+notedly
+noteless
+notepad
+notepads
+noter
+noters
+notes
+nother
+nothing
+nothings
+notice
+noticed
+noticer
+noticers
+notices
+noticing
+notified
+notifier
+notifies
+notify
+noting
+notion
+notional
+notions
+notornis
+notturni
+notturno
+notum
+nougat
+nougats
+nought
+noughts
+noumena
+noumenal
+noumenon
+noun
+nounal
+nounally
+nounless
+nouns
+nourish
+nous
+nouses
+nouveau
+nouvelle
+nova
+novae
+novalike
+novas
+novation
+novel
+novelise
+novelist
+novelize
+novella
+novellas
+novelle
+novelly
+novels
+novelty
+novena
+novenae
+novenas
+novercal
+novice
+novices
+now
+nowadays
+noway
+noways
+nowhere
+nowheres
+nowise
+nowness
+nows
+nowt
+nowts
+noxious
+noyade
+noyades
+nozzle
+nozzles
+nth
+nu
+nuance
+nuanced
+nuances
+nub
+nubbier
+nubbiest
+nubbin
+nubbins
+nubble
+nubbles
+nubblier
+nubbly
+nubby
+nubia
+nubias
+nubile
+nubility
+nubilose
+nubilous
+nubs
+nucellar
+nucelli
+nucellus
+nucha
+nuchae
+nuchal
+nuchals
+nucleal
+nuclear
+nuclease
+nucleate
+nuclei
+nuclein
+nucleins
+nucleoid
+nucleole
+nucleoli
+nucleon
+nucleons
+nucleus
+nuclide
+nuclides
+nuclidic
+nude
+nudely
+nudeness
+nuder
+nudes
+nudest
+nudge
+nudged
+nudger
+nudgers
+nudges
+nudging
+nudicaul
+nudie
+nudies
+nudism
+nudisms
+nudist
+nudists
+nudities
+nudity
+nudnick
+nudnicks
+nudnik
+nudniks
+nudzh
+nudzhed
+nudzhes
+nudzhing
+nugatory
+nugget
+nuggets
+nuggety
+nuisance
+nuke
+nuked
+nukes
+nuking
+null
+nullah
+nullahs
+nulled
+nullify
+nulling
+nullity
+nulls
+numb
+numbat
+numbats
+numbed
+number
+numbered
+numberer
+numbers
+numbest
+numbfish
+numbing
+numbles
+numbly
+numbness
+numbs
+numen
+numeracy
+numeral
+numerals
+numerary
+numerate
+numeric
+numerics
+numerous
+numina
+numinous
+nummary
+nummular
+numskull
+nun
+nunatak
+nunataks
+nunchaku
+nuncio
+nuncios
+nuncle
+nuncles
+nunlike
+nunnery
+nunnish
+nuns
+nuptial
+nuptials
+nurd
+nurds
+nurl
+nurled
+nurling
+nurls
+nurse
+nursed
+nurser
+nursers
+nursery
+nurses
+nursing
+nursings
+nursling
+nurtural
+nurture
+nurtured
+nurturer
+nurtures
+nus
+nut
+nutant
+nutate
+nutated
+nutates
+nutating
+nutation
+nutbrown
+nutcase
+nutcases
+nutgall
+nutgalls
+nutgrass
+nuthatch
+nuthouse
+nutlet
+nutlets
+nutlike
+nutmeat
+nutmeats
+nutmeg
+nutmegs
+nutpick
+nutpicks
+nutria
+nutrias
+nutrient
+nuts
+nutsedge
+nutshell
+nutsier
+nutsiest
+nutsy
+nutted
+nutter
+nutters
+nuttier
+nuttiest
+nuttily
+nutting
+nuttings
+nutty
+nutwood
+nutwoods
+nuzzle
+nuzzled
+nuzzler
+nuzzlers
+nuzzles
+nuzzling
+nyala
+nyalas
+nylghai
+nylghais
+nylghau
+nylghaus
+nylon
+nylons
+nymph
+nympha
+nymphae
+nymphal
+nymphean
+nymphet
+nymphets
+nympho
+nymphos
+nymphs
+nystatin
+oaf
+oafish
+oafishly
+oafs
+oak
+oaken
+oaklike
+oakmoss
+oaks
+oakum
+oakums
+oar
+oared
+oarfish
+oaring
+oarless
+oarlike
+oarlock
+oarlocks
+oars
+oarsman
+oarsmen
+oases
+oasis
+oast
+oasts
+oat
+oatcake
+oatcakes
+oaten
+oater
+oaters
+oath
+oaths
+oatlike
+oatmeal
+oatmeals
+oats
+oaves
+obconic
+obduracy
+obdurate
+obe
+obeah
+obeahism
+obeahs
+obedient
+obeisant
+obeli
+obelia
+obelias
+obelise
+obelised
+obelises
+obelisk
+obelisks
+obelism
+obelisms
+obelize
+obelized
+obelizes
+obelus
+obes
+obese
+obesely
+obesity
+obey
+obeyable
+obeyed
+obeyer
+obeyers
+obeying
+obeys
+obi
+obia
+obias
+obiism
+obiisms
+obis
+obit
+obits
+obituary
+object
+objected
+objector
+objects
+objet
+objets
+oblast
+oblasti
+oblasts
+oblate
+oblately
+oblates
+oblation
+oblatory
+obligate
+obligati
+obligato
+oblige
+obliged
+obligee
+obligees
+obliger
+obligers
+obliges
+obliging
+obligor
+obligors
+oblique
+obliqued
+obliques
+oblivion
+oblong
+oblongly
+oblongs
+obloquy
+oboe
+oboes
+oboist
+oboists
+obol
+obole
+oboles
+oboli
+obols
+obolus
+obovate
+obovoid
+obscene
+obscener
+obscure
+obscured
+obscurer
+obscures
+obsequy
+observe
+observed
+observer
+observes
+obsess
+obsessed
+obsesses
+obsessor
+obsidian
+obsolete
+obstacle
+obstruct
+obtain
+obtained
+obtainer
+obtains
+obtect
+obtected
+obtest
+obtested
+obtests
+obtrude
+obtruded
+obtruder
+obtrudes
+obtund
+obtunded
+obtunds
+obturate
+obtuse
+obtusely
+obtuser
+obtusest
+obtusity
+obverse
+obverses
+obvert
+obverted
+obverts
+obviable
+obviate
+obviated
+obviates
+obviator
+obvious
+obvolute
+oca
+ocarina
+ocarinas
+ocas
+occasion
+occident
+occipita
+occiput
+occiputs
+occlude
+occluded
+occludes
+occlusal
+occult
+occulted
+occulter
+occultly
+occults
+occupant
+occupied
+occupier
+occupies
+occupy
+occur
+occurred
+occurs
+ocean
+oceanaut
+oceanic
+oceans
+ocellar
+ocellate
+ocelli
+ocellus
+oceloid
+ocelot
+ocelots
+ocher
+ochered
+ochering
+ocherous
+ochers
+ochery
+ochone
+ochre
+ochrea
+ochreae
+ochred
+ochreous
+ochres
+ochring
+ochroid
+ochrous
+ochry
+ocker
+ockers
+ocotillo
+ocrea
+ocreae
+ocreate
+octad
+octadic
+octads
+octagon
+octagons
+octal
+octan
+octane
+octanes
+octangle
+octanol
+octanols
+octans
+octant
+octantal
+octants
+octarchy
+octaval
+octave
+octaves
+octavo
+octavos
+octet
+octets
+octette
+octettes
+octonary
+octopi
+octopod
+octopods
+octopus
+octoroon
+octroi
+octrois
+octuple
+octupled
+octuples
+octuplet
+octuplex
+octuply
+octyl
+octyls
+ocular
+ocularly
+oculars
+oculi
+oculist
+oculists
+oculus
+od
+odalisk
+odalisks
+odd
+oddball
+oddballs
+odder
+oddest
+oddish
+oddities
+oddity
+oddly
+oddment
+oddments
+oddness
+odds
+ode
+odea
+odeon
+odeons
+odes
+odeum
+odeums
+odic
+odious
+odiously
+odist
+odists
+odium
+odiums
+odograph
+odometer
+odometry
+odonate
+odonates
+odontoid
+odor
+odorant
+odorants
+odored
+odorful
+odorize
+odorized
+odorizes
+odorless
+odorous
+odors
+odour
+odourful
+odours
+ods
+odyl
+odyle
+odyles
+odyls
+odyssey
+odysseys
+oe
+oecology
+oedema
+oedemas
+oedemata
+oedipal
+oedipean
+oeillade
+oenology
+oenomel
+oenomels
+oersted
+oersteds
+oes
+oestrin
+oestrins
+oestriol
+oestrone
+oestrous
+oestrum
+oestrums
+oestrus
+oeuvre
+oeuvres
+of
+ofay
+ofays
+off
+offal
+offals
+offbeat
+offbeats
+offcast
+offcasts
+offcut
+offcuts
+offed
+offence
+offences
+offend
+offended
+offender
+offends
+offense
+offenses
+offer
+offered
+offerer
+offerers
+offering
+offeror
+offerors
+offers
+offhand
+office
+officer
+officers
+offices
+official
+offing
+offings
+offish
+offishly
+offkey
+offload
+offloads
+offprint
+offramp
+offramps
+offs
+offset
+offsets
+offshoot
+offshore
+offside
+offsides
+offstage
+offtrack
+oft
+often
+oftener
+oftenest
+ofter
+oftest
+ofttimes
+ogam
+ogams
+ogdoad
+ogdoads
+ogee
+ogees
+ogham
+oghamic
+oghamist
+oghams
+ogival
+ogive
+ogives
+ogle
+ogled
+ogler
+oglers
+ogles
+ogling
+ogre
+ogreish
+ogreism
+ogreisms
+ogres
+ogress
+ogresses
+ogrish
+ogrishly
+ogrism
+ogrisms
+oh
+ohed
+ohia
+ohias
+ohing
+ohm
+ohmage
+ohmages
+ohmic
+ohmmeter
+ohms
+oho
+ohs
+oidia
+oidium
+oil
+oilbird
+oilbirds
+oilcamp
+oilcamps
+oilcan
+oilcans
+oilcloth
+oilcup
+oilcups
+oiled
+oiler
+oilers
+oilhole
+oilholes
+oilier
+oiliest
+oilily
+oiliness
+oiling
+oilman
+oilmen
+oilpaper
+oilproof
+oils
+oilseed
+oilseeds
+oilskin
+oilskins
+oilstone
+oiltight
+oilway
+oilways
+oily
+oink
+oinked
+oinking
+oinks
+oinology
+oinomel
+oinomels
+ointment
+oiticica
+oka
+okapi
+okapis
+okas
+okay
+okayed
+okaying
+okays
+oke
+okeh
+okehs
+okes
+okeydoke
+okra
+okras
+old
+olden
+older
+oldest
+oldie
+oldies
+oldish
+oldness
+olds
+oldsquaw
+oldster
+oldsters
+oldstyle
+oldwife
+oldwives
+oldy
+ole
+olea
+oleander
+oleaster
+oleate
+oleates
+olefin
+olefine
+olefines
+olefinic
+olefins
+oleic
+olein
+oleine
+oleines
+oleins
+oleo
+oleos
+oles
+oleum
+oleums
+olibanum
+oligarch
+oligomer
+oliguria
+olio
+olios
+olivary
+olive
+olives
+olivine
+olivines
+olivinic
+olla
+ollas
+ologies
+ologist
+ologists
+ology
+oloroso
+olorosos
+olympiad
+om
+omasa
+omasum
+omber
+ombers
+ombre
+ombres
+omega
+omegas
+omelet
+omelets
+omelette
+omen
+omened
+omening
+omens
+omenta
+omental
+omentum
+omentums
+omer
+omers
+omicron
+omicrons
+omikron
+omikrons
+ominous
+omission
+omissive
+omit
+omits
+omitted
+omitter
+omitters
+omitting
+omniarch
+omnibus
+omnific
+omniform
+omnimode
+omnivora
+omnivore
+omophagy
+omphali
+omphalos
+oms
+on
+onager
+onagers
+onagri
+onanism
+onanisms
+onanist
+onanists
+onboard
+once
+oncidium
+oncogene
+oncology
+oncoming
+ondogram
+one
+onefold
+oneiric
+oneness
+onerier
+oneriest
+onerous
+onery
+ones
+oneself
+onetime
+ongoing
+onion
+onions
+oniony
+onium
+onlooker
+only
+onrush
+onrushes
+ons
+onset
+onsets
+onshore
+onside
+onstage
+onstream
+ontic
+onto
+ontogeny
+ontology
+onus
+onuses
+onward
+onwards
+onyx
+onyxes
+oocyst
+oocysts
+oocyte
+oocytes
+oodles
+oodlins
+oogamete
+oogamies
+oogamous
+oogamy
+oogenies
+oogeny
+oogonia
+oogonial
+oogonium
+ooh
+oohed
+oohing
+oohs
+oolachan
+oolite
+oolites
+oolith
+ooliths
+oolitic
+oologic
+oologies
+oologist
+oology
+oolong
+oolongs
+oomiac
+oomiack
+oomiacks
+oomiacs
+oomiak
+oomiaks
+oompah
+oompahed
+oompahs
+oomph
+oomphs
+oophyte
+oophytes
+oophytic
+oops
+oorali
+ooralis
+oorie
+oosperm
+oosperms
+oosphere
+oospore
+oospores
+oosporic
+oot
+ootheca
+oothecae
+oothecal
+ootid
+ootids
+oots
+ooze
+oozed
+oozes
+oozier
+ooziest
+oozily
+ooziness
+oozing
+oozy
+op
+opacify
+opacity
+opah
+opahs
+opal
+opalesce
+opaline
+opalines
+opals
+opaque
+opaqued
+opaquely
+opaquer
+opaques
+opaquest
+opaquing
+ope
+oped
+open
+openable
+opencast
+opened
+opener
+openers
+openest
+opening
+openings
+openly
+openness
+opens
+openwork
+opera
+operable
+operably
+operand
+operands
+operant
+operants
+operas
+operate
+operated
+operates
+operatic
+operator
+opercele
+opercula
+opercule
+operetta
+operon
+operons
+operose
+opes
+ophidian
+ophite
+ophites
+ophitic
+opiate
+opiated
+opiates
+opiating
+opine
+opined
+opines
+oping
+opining
+opinion
+opinions
+opioid
+opioids
+opium
+opiumism
+opiums
+opossum
+opossums
+oppidan
+oppidans
+oppilant
+oppilate
+opponent
+oppose
+opposed
+opposer
+opposers
+opposes
+opposing
+opposite
+oppress
+oppugn
+oppugned
+oppugner
+oppugns
+ops
+opsin
+opsins
+opsonic
+opsonify
+opsonin
+opsonins
+opsonize
+opt
+optative
+opted
+optic
+optical
+optician
+opticist
+optics
+optima
+optimal
+optime
+optimes
+optimise
+optimism
+optimist
+optimize
+optimum
+optimums
+opting
+option
+optional
+optioned
+optionee
+options
+opts
+opulence
+opulency
+opulent
+opuntia
+opuntias
+opus
+opuscula
+opuscule
+opuses
+oquassa
+oquassas
+or
+ora
+orach
+orache
+oraches
+oracle
+oracles
+oracular
+orad
+oral
+oralism
+oralisms
+oralist
+oralists
+orality
+orally
+orals
+orang
+orange
+orangery
+oranges
+orangey
+orangier
+orangish
+orangs
+orangy
+orate
+orated
+orates
+orating
+oration
+orations
+orator
+oratorio
+orators
+oratory
+oratress
+oratrix
+orb
+orbed
+orbier
+orbiest
+orbing
+orbit
+orbital
+orbitals
+orbited
+orbiter
+orbiters
+orbiting
+orbits
+orbs
+orby
+orc
+orca
+orcas
+orcein
+orceins
+orchard
+orchards
+orchid
+orchids
+orchil
+orchils
+orchis
+orchises
+orchitic
+orchitis
+orcin
+orcinol
+orcinols
+orcins
+orcs
+ordain
+ordained
+ordainer
+ordains
+ordeal
+ordeals
+order
+ordered
+orderer
+orderers
+ordering
+orderly
+orders
+ordinal
+ordinals
+ordinand
+ordinary
+ordinate
+ordines
+ordnance
+ordo
+ordos
+ordure
+ordures
+ore
+oread
+oreads
+orectic
+orective
+oregano
+oreganos
+oreide
+oreides
+ores
+orfray
+orfrays
+organ
+organa
+organdie
+organdy
+organic
+organics
+organise
+organism
+organist
+organize
+organon
+organons
+organs
+organum
+organums
+organza
+organzas
+orgasm
+orgasmic
+orgasms
+orgastic
+orgeat
+orgeats
+orgiac
+orgic
+orgies
+orgone
+orgones
+orgulous
+orgy
+oribatid
+oribi
+oribis
+oriel
+oriels
+orient
+oriental
+oriented
+orients
+orifice
+orifices
+origami
+origamis
+origan
+origans
+origanum
+origin
+original
+origins
+orinasal
+oriole
+orioles
+orison
+orisons
+orle
+orles
+orlop
+orlops
+ormer
+ormers
+ormolu
+ormolus
+ornament
+ornate
+ornately
+ornerier
+ornery
+ornis
+ornithes
+ornithic
+orogenic
+orogeny
+oroide
+oroides
+orology
+orometer
+orotund
+orphan
+orphaned
+orphans
+orphic
+orphical
+orphrey
+orphreys
+orpiment
+orpin
+orpine
+orpines
+orpins
+orra
+orreries
+orrery
+orrice
+orrices
+orris
+orrises
+ors
+ort
+orthicon
+ortho
+orthodox
+orthoepy
+orthoses
+orthosis
+orthotic
+ortolan
+ortolans
+orts
+oryx
+oryxes
+orzo
+orzos
+os
+osar
+oscine
+oscines
+oscinine
+oscitant
+oscula
+osculant
+oscular
+osculate
+oscule
+oscules
+osculum
+ose
+oses
+osier
+osiers
+osmatic
+osmic
+osmics
+osmious
+osmium
+osmiums
+osmol
+osmolal
+osmolar
+osmole
+osmoles
+osmols
+osmose
+osmosed
+osmoses
+osmosing
+osmosis
+osmotic
+osmous
+osmund
+osmunda
+osmundas
+osmunds
+osnaburg
+osprey
+ospreys
+ossa
+ossein
+osseins
+osseous
+ossia
+ossicle
+ossicles
+ossific
+ossified
+ossifier
+ossifies
+ossify
+ossuary
+osteal
+osteitic
+osteitis
+osteoid
+osteoids
+osteoma
+osteomas
+osteoses
+osteosis
+ostia
+ostiary
+ostinato
+ostiolar
+ostiole
+ostioles
+ostium
+ostler
+ostlers
+ostmark
+ostmarks
+ostomies
+ostomy
+ostoses
+ostosis
+ostraca
+ostracod
+ostracon
+ostrich
+otalgia
+otalgias
+otalgic
+otalgies
+otalgy
+other
+others
+otic
+otiose
+otiosely
+otiosity
+otitic
+otitides
+otitis
+otocyst
+otocysts
+otolith
+otoliths
+otology
+otoscope
+otoscopy
+ototoxic
+ottar
+ottars
+ottava
+ottavas
+otter
+otters
+otto
+ottoman
+ottomans
+ottos
+ouabain
+ouabains
+ouch
+ouched
+ouches
+ouching
+oud
+ouds
+ought
+oughted
+oughting
+oughts
+ouguiya
+ouistiti
+ounce
+ounces
+ouph
+ouphe
+ouphes
+ouphs
+our
+ourang
+ourangs
+ourari
+ouraris
+ourebi
+ourebis
+ourie
+ours
+ourself
+ousel
+ousels
+oust
+ousted
+ouster
+ousters
+ousting
+ousts
+out
+outact
+outacted
+outacts
+outadd
+outadded
+outadds
+outage
+outages
+outargue
+outask
+outasked
+outasks
+outate
+outback
+outbacks
+outbake
+outbaked
+outbakes
+outbark
+outbarks
+outbawl
+outbawls
+outbeam
+outbeams
+outbeg
+outbegs
+outbid
+outbids
+outbitch
+outblaze
+outbleat
+outbless
+outbloom
+outbluff
+outblush
+outboard
+outboast
+outbound
+outbox
+outboxed
+outboxes
+outbrag
+outbrags
+outbrave
+outbrawl
+outbreak
+outbred
+outbreed
+outbribe
+outbuild
+outbuilt
+outbulk
+outbulks
+outbully
+outburn
+outburns
+outburnt
+outburst
+outbuy
+outbuys
+outby
+outbye
+outcaper
+outcast
+outcaste
+outcasts
+outcatch
+outcavil
+outcharm
+outcheat
+outchid
+outchide
+outclass
+outclimb
+outclomb
+outcoach
+outcome
+outcomes
+outcook
+outcooks
+outcount
+outcrawl
+outcried
+outcries
+outcrop
+outcrops
+outcross
+outcrow
+outcrows
+outcry
+outcurse
+outcurve
+outdance
+outdare
+outdared
+outdares
+outdate
+outdated
+outdates
+outdid
+outdo
+outdodge
+outdoer
+outdoers
+outdoes
+outdoing
+outdone
+outdoor
+outdoors
+outdrag
+outdrags
+outdrank
+outdraw
+outdrawn
+outdraws
+outdream
+outdress
+outdrew
+outdrink
+outdrive
+outdrop
+outdrops
+outdrove
+outdrunk
+outduel
+outduels
+outearn
+outearns
+outeat
+outeaten
+outeats
+outecho
+outed
+outer
+outers
+outfable
+outface
+outfaced
+outfaces
+outfall
+outfalls
+outfast
+outfasts
+outfawn
+outfawns
+outfeast
+outfeel
+outfeels
+outfelt
+outfield
+outfight
+outfind
+outfinds
+outfire
+outfired
+outfires
+outfish
+outfit
+outfits
+outflank
+outflew
+outflies
+outflow
+outflown
+outflows
+outfly
+outfool
+outfools
+outfoot
+outfoots
+outfound
+outfox
+outfoxed
+outfoxes
+outfrown
+outgain
+outgains
+outgas
+outgave
+outgive
+outgiven
+outgives
+outglare
+outglow
+outglows
+outgnaw
+outgnawn
+outgnaws
+outgo
+outgoes
+outgoing
+outgone
+outgrew
+outgrin
+outgrins
+outgross
+outgroup
+outgrow
+outgrown
+outgrows
+outguess
+outguide
+outgun
+outguns
+outgush
+outhaul
+outhauls
+outhear
+outheard
+outhears
+outhit
+outhits
+outhomer
+outhouse
+outhowl
+outhowls
+outhumor
+outhunt
+outhunts
+outing
+outings
+outjinx
+outjump
+outjumps
+outjut
+outjuts
+outkeep
+outkeeps
+outkept
+outkick
+outkicks
+outkill
+outkills
+outkiss
+outlaid
+outlain
+outland
+outlands
+outlast
+outlasts
+outlaugh
+outlaw
+outlawed
+outlawry
+outlaws
+outlay
+outlays
+outleap
+outleaps
+outleapt
+outlearn
+outlet
+outlets
+outlie
+outlier
+outliers
+outlies
+outline
+outlined
+outliner
+outlines
+outlive
+outlived
+outliver
+outlives
+outlook
+outlooks
+outlove
+outloved
+outloves
+outlying
+outman
+outmans
+outmarch
+outmatch
+outmode
+outmoded
+outmodes
+outmost
+outmove
+outmoved
+outmoves
+outpace
+outpaced
+outpaces
+outpaint
+outpass
+outpitch
+outpity
+outplan
+outplans
+outplay
+outplays
+outplod
+outplods
+outplot
+outplots
+outpoint
+outpoll
+outpolls
+outport
+outports
+outpost
+outposts
+outpour
+outpours
+outpower
+outpray
+outprays
+outpreen
+outpress
+outprice
+outpull
+outpulls
+outpunch
+outpush
+output
+outputs
+outquote
+outrace
+outraced
+outraces
+outrage
+outraged
+outrages
+outraise
+outran
+outrance
+outrang
+outrange
+outrank
+outranks
+outrate
+outrated
+outrates
+outrave
+outraved
+outraves
+outre
+outreach
+outread
+outreads
+outride
+outrider
+outrides
+outright
+outring
+outrings
+outrival
+outroar
+outroars
+outrock
+outrocks
+outrode
+outroll
+outrolls
+outroot
+outroots
+outrow
+outrowed
+outrows
+outrun
+outrung
+outruns
+outrush
+outs
+outsail
+outsails
+outsang
+outsat
+outsavor
+outsaw
+outscold
+outscoop
+outscore
+outscorn
+outsee
+outseen
+outsees
+outsell
+outsells
+outsert
+outserts
+outserve
+outset
+outsets
+outshame
+outshine
+outshone
+outshoot
+outshot
+outshout
+outside
+outsider
+outsides
+outsight
+outsin
+outsing
+outsings
+outsins
+outsit
+outsits
+outsize
+outsized
+outsizes
+outskate
+outskirt
+outsleep
+outslept
+outslick
+outsmart
+outsmile
+outsmoke
+outsnore
+outsoar
+outsoars
+outsold
+outsole
+outsoles
+outspan
+outspans
+outspeak
+outsped
+outspeed
+outspell
+outspelt
+outspend
+outspent
+outspoke
+outstand
+outstare
+outstart
+outstate
+outstay
+outstays
+outsteer
+outstood
+outstrip
+outstudy
+outstunt
+outsulk
+outsulks
+outsung
+outswam
+outsware
+outswear
+outswim
+outswims
+outswore
+outsworn
+outswum
+outtake
+outtakes
+outtalk
+outtalks
+outtask
+outtasks
+outtell
+outtells
+outthank
+outthink
+outthrew
+outthrob
+outthrow
+outtold
+outtower
+outtrade
+outtrick
+outtrot
+outtrots
+outtrump
+outturn
+outturns
+outvalue
+outvaunt
+outvie
+outvied
+outvies
+outvoice
+outvote
+outvoted
+outvotes
+outvying
+outwait
+outwaits
+outwalk
+outwalks
+outwar
+outward
+outwards
+outwars
+outwash
+outwaste
+outwatch
+outwear
+outwears
+outweary
+outweep
+outweeps
+outweigh
+outwent
+outwept
+outwhirl
+outwile
+outwiled
+outwiles
+outwill
+outwills
+outwind
+outwinds
+outwish
+outwit
+outwits
+outwore
+outwork
+outworks
+outworn
+outwrit
+outwrite
+outwrote
+outyell
+outyells
+outyelp
+outyelps
+outyield
+ouzel
+ouzels
+ouzo
+ouzos
+ova
+oval
+ovality
+ovally
+ovalness
+ovals
+ovarial
+ovarian
+ovaries
+ovariole
+ovaritis
+ovary
+ovate
+ovately
+ovation
+ovations
+oven
+ovenbird
+ovenlike
+ovens
+ovenware
+over
+overable
+overact
+overacts
+overage
+overaged
+overages
+overall
+overalls
+overapt
+overarch
+overarm
+overate
+overawe
+overawed
+overawes
+overbake
+overbear
+overbeat
+overbed
+overbet
+overbets
+overbid
+overbids
+overbig
+overbill
+overbite
+overblew
+overblow
+overboil
+overbold
+overbook
+overbore
+overborn
+overbred
+overburn
+overbusy
+overbuy
+overbuys
+overcall
+overcame
+overcast
+overcoat
+overcold
+overcome
+overcook
+overcool
+overcoy
+overcram
+overcrop
+overcure
+overcut
+overcuts
+overdare
+overdear
+overdeck
+overdid
+overdo
+overdoer
+overdoes
+overdog
+overdogs
+overdone
+overdose
+overdraw
+overdrew
+overdry
+overdub
+overdubs
+overdue
+overdye
+overdyed
+overdyes
+overeasy
+overeat
+overeats
+overed
+overedit
+overfar
+overfast
+overfat
+overfear
+overfed
+overfeed
+overfill
+overfish
+overflew
+overflow
+overfly
+overfond
+overfoul
+overfree
+overfull
+overfund
+overgild
+overgilt
+overgird
+overgirt
+overglad
+overgoad
+overgrew
+overgrow
+overhand
+overhang
+overhard
+overhate
+overhaul
+overhead
+overheap
+overhear
+overheat
+overheld
+overhigh
+overhold
+overholy
+overhope
+overhot
+overhung
+overhunt
+overhype
+overidle
+overing
+overjoy
+overjoys
+overjust
+overkeen
+overkill
+overkind
+overlade
+overlaid
+overlain
+overland
+overlap
+overlaps
+overlate
+overlax
+overlay
+overlays
+overleaf
+overleap
+overlend
+overlent
+overlet
+overlets
+overlewd
+overlie
+overlies
+overlit
+overlive
+overload
+overlong
+overlook
+overlord
+overloud
+overlove
+overlush
+overly
+overman
+overmans
+overmany
+overmeek
+overmelt
+overmen
+overmild
+overmilk
+overmine
+overmix
+overmuch
+overnear
+overneat
+overnew
+overnice
+overpaid
+overpass
+overpast
+overpay
+overpays
+overpert
+overplan
+overplay
+overplot
+overplus
+overply
+overpump
+overran
+overrank
+overrash
+overrate
+overrich
+override
+overrife
+overripe
+overrode
+overrude
+overruff
+overrule
+overrun
+overruns
+overs
+oversad
+oversale
+oversalt
+oversave
+oversaw
+oversea
+overseas
+oversee
+overseed
+overseen
+overseer
+oversees
+oversell
+overset
+oversets
+oversew
+oversewn
+oversews
+overshoe
+overshot
+oversick
+overside
+oversize
+overslip
+overslow
+oversoak
+oversoft
+oversold
+oversoon
+oversoul
+overspin
+overstay
+overstep
+overstir
+oversuds
+oversup
+oversups
+oversure
+overt
+overtake
+overtalk
+overtame
+overtart
+overtask
+overtax
+overthin
+overtime
+overtip
+overtips
+overtire
+overtly
+overtoil
+overtone
+overtook
+overtop
+overtops
+overtrim
+overture
+overturn
+overurge
+overuse
+overused
+overuses
+overview
+overvote
+overwarm
+overwary
+overweak
+overwear
+overween
+overwet
+overwets
+overwide
+overwily
+overwind
+overwise
+overword
+overwore
+overwork
+overworn
+overzeal
+ovibos
+ovicidal
+ovicide
+ovicides
+oviducal
+oviduct
+oviducts
+oviform
+ovine
+ovines
+ovipara
+oviposit
+ovisac
+ovisacs
+ovoid
+ovoidal
+ovoids
+ovoli
+ovolo
+ovolos
+ovonic
+ovonics
+ovular
+ovulary
+ovulate
+ovulated
+ovulates
+ovule
+ovules
+ovum
+ow
+owe
+owed
+owes
+owing
+owl
+owlet
+owlets
+owlish
+owlishly
+owllike
+owls
+own
+ownable
+owned
+owner
+owners
+owning
+owns
+owse
+owsen
+ox
+oxalate
+oxalated
+oxalates
+oxalic
+oxalis
+oxalises
+oxazepam
+oxazine
+oxazines
+oxblood
+oxbloods
+oxbow
+oxbows
+oxcart
+oxcarts
+oxen
+oxes
+oxeye
+oxeyes
+oxford
+oxfords
+oxheart
+oxhearts
+oxid
+oxidable
+oxidant
+oxidants
+oxidase
+oxidases
+oxidasic
+oxidate
+oxidated
+oxidates
+oxide
+oxides
+oxidic
+oxidise
+oxidised
+oxidiser
+oxidises
+oxidize
+oxidized
+oxidizer
+oxidizes
+oxids
+oxim
+oxime
+oximes
+oxims
+oxlip
+oxlips
+oxo
+oxpecker
+oxtail
+oxtails
+oxter
+oxters
+oxtongue
+oxy
+oxyacid
+oxyacids
+oxygen
+oxygenic
+oxygens
+oxymora
+oxymoron
+oxyphil
+oxyphile
+oxyphils
+oxysalt
+oxysalts
+oxysome
+oxysomes
+oxytocic
+oxytocin
+oxytone
+oxytones
+oy
+oyer
+oyers
+oyes
+oyesses
+oyez
+oyster
+oystered
+oysterer
+oysters
+ozonate
+ozonated
+ozonates
+ozone
+ozones
+ozonic
+ozonide
+ozonides
+ozonise
+ozonised
+ozonises
+ozonize
+ozonized
+ozonizer
+ozonizes
+ozonous
+pa
+pablum
+pablums
+pabular
+pabulum
+pabulums
+pac
+paca
+pacas
+pace
+paced
+pacer
+pacers
+paces
+pacha
+pachadom
+pachalic
+pachas
+pachinko
+pachisi
+pachisis
+pachouli
+pachuco
+pachucos
+pacific
+pacified
+pacifier
+pacifies
+pacifism
+pacifist
+pacify
+pacing
+pack
+packable
+package
+packaged
+packager
+packages
+packed
+packer
+packers
+packet
+packeted
+packets
+packing
+packings
+packly
+packman
+packmen
+packness
+packs
+packsack
+packwax
+pacs
+pact
+paction
+pactions
+pacts
+pad
+padauk
+padauks
+padded
+padder
+padders
+paddies
+padding
+paddings
+paddle
+paddled
+paddler
+paddlers
+paddles
+paddling
+paddock
+paddocks
+paddy
+padi
+padis
+padishah
+padle
+padles
+padlock
+padlocks
+padnag
+padnags
+padouk
+padouks
+padre
+padres
+padri
+padrone
+padrones
+padroni
+pads
+padshah
+padshahs
+paduasoy
+paean
+paeanism
+paeans
+paella
+paellas
+paeon
+paeons
+paesan
+paesani
+paesano
+paesanos
+paesans
+pagan
+pagandom
+paganise
+paganish
+paganism
+paganist
+paganize
+pagans
+page
+pageant
+pageants
+pageboy
+pageboys
+paged
+pager
+pagers
+pages
+paginal
+paginate
+paging
+pagings
+pagod
+pagoda
+pagodas
+pagods
+pagurian
+pagurid
+pagurids
+pah
+pahlavi
+pahlavis
+pahoehoe
+paid
+paik
+paiked
+paiking
+paiks
+pail
+pailful
+pailfuls
+paillard
+pails
+pailsful
+pain
+painch
+painches
+pained
+painful
+paining
+painless
+pains
+paint
+painted
+painter
+painters
+paintier
+painting
+paints
+painty
+pair
+paired
+pairing
+pairings
+pairs
+paisa
+paisan
+paisana
+paisanas
+paisano
+paisanos
+paisans
+paisas
+paise
+paisley
+paisleys
+pajama
+pajamaed
+pajamas
+pakeha
+pakehas
+pal
+palabra
+palabras
+palace
+palaced
+palaces
+paladin
+paladins
+palais
+palatal
+palatals
+palate
+palates
+palatial
+palatine
+palaver
+palavers
+palazzi
+palazzo
+palazzos
+pale
+palea
+paleae
+paleal
+paled
+paleface
+palely
+paleness
+paleosol
+paler
+pales
+palest
+palestra
+palet
+paletot
+paletots
+palets
+palette
+palettes
+paleways
+palewise
+palfrey
+palfreys
+palier
+paliest
+palikar
+palikars
+palimony
+paling
+palings
+palinode
+palisade
+palish
+pall
+palladia
+palladic
+palled
+pallet
+pallets
+pallette
+pallia
+pallial
+palliate
+pallid
+pallidly
+pallier
+palliest
+palling
+pallium
+palliums
+pallor
+pallors
+palls
+pally
+palm
+palmar
+palmary
+palmate
+palmated
+palmed
+palmer
+palmers
+palmette
+palmetto
+palmier
+palmiest
+palming
+palmist
+palmists
+palmitin
+palmlike
+palms
+palmy
+palmyra
+palmyras
+palomino
+palooka
+palookas
+palp
+palpable
+palpably
+palpal
+palpate
+palpated
+palpates
+palpator
+palpebra
+palpi
+palps
+palpus
+pals
+palship
+palships
+palsied
+palsies
+palsy
+palsying
+palter
+paltered
+palterer
+palters
+paltrier
+paltrily
+paltry
+paludal
+paludism
+paly
+pam
+pampa
+pampas
+pampean
+pampeans
+pamper
+pampered
+pamperer
+pampero
+pamperos
+pampers
+pamphlet
+pams
+pan
+panacea
+panacean
+panaceas
+panache
+panaches
+panada
+panadas
+panama
+panamas
+panatela
+panbroil
+pancake
+pancaked
+pancakes
+pancetta
+panchax
+pancreas
+panda
+pandani
+pandanus
+pandas
+pandect
+pandects
+pandemic
+pander
+pandered
+panderer
+panders
+pandied
+pandies
+pandit
+pandits
+pandoor
+pandoors
+pandora
+pandoras
+pandore
+pandores
+pandour
+pandours
+pandowdy
+pandura
+panduras
+pandy
+pandying
+pane
+paned
+panel
+paneled
+paneling
+panelist
+panelled
+panels
+panes
+panetela
+panfish
+panfried
+panfries
+panfry
+panful
+panfuls
+pang
+panga
+pangas
+panged
+pangen
+pangene
+pangenes
+pangens
+panging
+pangolin
+pangs
+panhuman
+panic
+panicked
+panicky
+panicle
+panicled
+panicles
+panics
+panicum
+panicums
+panier
+paniers
+panmixes
+panmixia
+panmixis
+panne
+panned
+pannes
+pannier
+panniers
+pannikin
+panning
+panocha
+panochas
+panoche
+panoches
+panoply
+panoptic
+panorama
+panpipe
+panpipes
+pans
+pansies
+pansophy
+pansy
+pant
+panted
+pantheon
+panther
+panthers
+pantie
+panties
+pantile
+pantiled
+pantiles
+panting
+panto
+pantofle
+pantos
+pantoum
+pantoums
+pantries
+pantry
+pants
+pantsuit
+panty
+panzer
+panzers
+pap
+papa
+papacies
+papacy
+papain
+papains
+papal
+papally
+papas
+papaw
+papaws
+papaya
+papayan
+papayas
+paper
+paperboy
+papered
+paperer
+paperers
+papering
+papers
+papery
+paphian
+paphians
+papilla
+papillae
+papillar
+papillon
+papist
+papistic
+papistry
+papists
+papoose
+papooses
+pappi
+pappier
+pappies
+pappiest
+pappoose
+pappose
+pappous
+pappus
+pappy
+paprica
+papricas
+paprika
+paprikas
+paps
+papula
+papulae
+papular
+papule
+papules
+papulose
+papyral
+papyri
+papyrian
+papyrine
+papyrus
+par
+para
+parable
+parables
+parabola
+parachor
+parade
+paraded
+parader
+paraders
+parades
+paradigm
+parading
+paradise
+parador
+paradors
+parados
+paradox
+paradrop
+paraffin
+paraform
+paragoge
+paragon
+paragons
+parakeet
+parakite
+parallax
+parallel
+paralyse
+paralyze
+parament
+paramo
+paramos
+paramour
+parang
+parangs
+paranoea
+paranoia
+paranoic
+paranoid
+parapet
+parapets
+paraph
+paraphs
+paraquat
+paraquet
+paras
+parasang
+parashah
+parasite
+parasol
+parasols
+paravane
+parawing
+parazoan
+parboil
+parboils
+parcel
+parceled
+parcels
+parcener
+parch
+parched
+parches
+parchesi
+parching
+parchisi
+pard
+pardah
+pardahs
+pardee
+pardi
+pardie
+pardine
+pardner
+pardners
+pardon
+pardoned
+pardoner
+pardons
+pards
+pardy
+pare
+parecism
+pared
+pareira
+pareiras
+parent
+parental
+parented
+parents
+pareo
+pareos
+parer
+parerga
+parergon
+parers
+pares
+pareses
+paresis
+paretic
+paretics
+pareu
+pareus
+pareve
+parfait
+parfaits
+parflesh
+parfocal
+parge
+parged
+parges
+parget
+pargeted
+pargets
+parging
+pargings
+pargo
+pargos
+parhelia
+parhelic
+pariah
+pariahs
+parian
+parians
+paries
+parietal
+parietes
+paring
+parings
+paris
+parises
+parish
+parishes
+parities
+parity
+park
+parka
+parkas
+parked
+parker
+parkers
+parking
+parkings
+parkland
+parklike
+parks
+parkway
+parkways
+parlance
+parlando
+parlante
+parlay
+parlayed
+parlays
+parle
+parled
+parles
+parley
+parleyed
+parleyer
+parleys
+parling
+parlor
+parlors
+parlour
+parlours
+parlous
+parodic
+parodied
+parodies
+parodist
+parodoi
+parodos
+parody
+parol
+parole
+paroled
+parolee
+parolees
+paroles
+paroling
+parols
+paronym
+paronyms
+paroquet
+parotic
+parotid
+parotids
+parotoid
+parous
+paroxysm
+parquet
+parquets
+parr
+parral
+parrals
+parred
+parrel
+parrels
+parridge
+parried
+parries
+parring
+parritch
+parroket
+parrot
+parroted
+parroter
+parrots
+parroty
+parrs
+parry
+parrying
+pars
+parsable
+parse
+parsec
+parsecs
+parsed
+parser
+parsers
+parses
+parsing
+parsley
+parsleys
+parslied
+parsnip
+parsnips
+parson
+parsonic
+parsons
+part
+partake
+partaken
+partaker
+partakes
+partan
+partans
+parted
+parterre
+partial
+partials
+partible
+particle
+partied
+partier
+partiers
+parties
+parting
+partings
+partisan
+partita
+partitas
+partite
+partizan
+partlet
+partlets
+partly
+partner
+partners
+parton
+partons
+partook
+parts
+partway
+party
+partyer
+partyers
+partying
+parura
+paruras
+parure
+parures
+parve
+parvenu
+parvenue
+parvenus
+parvis
+parvise
+parvises
+parvo
+parvolin
+parvos
+pas
+pascal
+pascals
+paschal
+paschals
+pase
+paseo
+paseos
+pases
+pash
+pasha
+pashadom
+pashalic
+pashalik
+pashas
+pashed
+pashes
+pashing
+pasquil
+pasquils
+pass
+passable
+passably
+passade
+passades
+passado
+passados
+passage
+passaged
+passages
+passant
+passband
+passbook
+passe
+passed
+passee
+passel
+passels
+passer
+passerby
+passers
+passes
+passible
+passim
+passing
+passings
+passion
+passions
+passive
+passives
+passkey
+passkeys
+passless
+passover
+passport
+passus
+passuses
+password
+past
+pasta
+pastas
+paste
+pasted
+pastel
+pastels
+paster
+pastern
+pasterns
+pasters
+pastes
+pasteup
+pasteups
+pasticci
+pastiche
+pastie
+pastier
+pasties
+pastiest
+pastil
+pastille
+pastils
+pastime
+pastimes
+pastina
+pastinas
+pasting
+pastis
+pastises
+pastless
+pastness
+pastor
+pastoral
+pastored
+pastors
+pastrami
+pastries
+pastromi
+pastry
+pasts
+pastural
+pasture
+pastured
+pasturer
+pastures
+pasty
+pat
+pataca
+patacas
+patagia
+patagial
+patagium
+patamar
+patamars
+patch
+patched
+patcher
+patchers
+patches
+patchier
+patchily
+patching
+patchy
+pate
+pated
+patella
+patellae
+patellar
+patellas
+paten
+patency
+patens
+patent
+patented
+patentee
+patently
+patentor
+patents
+pater
+paternal
+paters
+pates
+path
+pathetic
+pathless
+pathogen
+pathos
+pathoses
+paths
+pathway
+pathways
+patience
+patient
+patients
+patin
+patina
+patinae
+patinas
+patinate
+patine
+patined
+patines
+patining
+patinize
+patins
+patio
+patios
+patly
+patness
+patois
+patriot
+patriots
+patrol
+patrols
+patron
+patronal
+patronly
+patrons
+patroon
+patroons
+pats
+patsies
+patsy
+pattamar
+patted
+pattee
+patten
+pattens
+patter
+pattered
+patterer
+pattern
+patterns
+patters
+pattie
+patties
+patting
+patty
+pattypan
+patulent
+patulous
+paty
+patzer
+patzers
+paucity
+paughty
+pauldron
+paulin
+paulins
+paunch
+paunched
+paunches
+paunchy
+pauper
+paupered
+paupers
+pausal
+pause
+paused
+pauser
+pausers
+pauses
+pausing
+pavan
+pavane
+pavanes
+pavans
+pave
+paved
+paveed
+pavement
+paver
+pavers
+paves
+pavid
+pavilion
+pavillon
+pavin
+paving
+pavings
+pavins
+pavior
+paviors
+paviour
+paviours
+pavis
+pavise
+paviser
+pavisers
+pavises
+pavlova
+pavlovas
+pavonine
+paw
+pawed
+pawer
+pawers
+pawing
+pawkier
+pawkiest
+pawkily
+pawky
+pawl
+pawls
+pawn
+pawnable
+pawnage
+pawnages
+pawned
+pawnee
+pawnees
+pawner
+pawners
+pawning
+pawnor
+pawnors
+pawns
+pawnshop
+pawpaw
+pawpaws
+paws
+pax
+paxes
+paxwax
+paxwaxes
+pay
+payable
+payables
+payably
+payback
+paybacks
+paycheck
+payday
+paydays
+payed
+payee
+payees
+payer
+payers
+paygrade
+paying
+payload
+payloads
+payment
+payments
+paynim
+paynims
+payoff
+payoffs
+payola
+payolas
+payor
+payors
+payout
+payouts
+payroll
+payrolls
+pays
+pazazz
+pazazzes
+pe
+pea
+peace
+peaced
+peaceful
+peacenik
+peaces
+peach
+peached
+peacher
+peachers
+peaches
+peachier
+peaching
+peachy
+peacing
+peacoat
+peacoats
+peacock
+peacocks
+peacocky
+peafowl
+peafowls
+peag
+peage
+peages
+peags
+peahen
+peahens
+peak
+peaked
+peakier
+peakiest
+peaking
+peakish
+peakless
+peaklike
+peaks
+peaky
+peal
+pealed
+pealike
+pealing
+peals
+pean
+peans
+peanut
+peanuts
+pear
+pearl
+pearlash
+pearled
+pearler
+pearlers
+pearlier
+pearling
+pearlite
+pearls
+pearly
+pearmain
+pears
+peart
+pearter
+peartest
+peartly
+peas
+peasant
+peasants
+peascod
+peascods
+pease
+peasecod
+peasen
+peases
+peat
+peatier
+peatiest
+peats
+peaty
+peavey
+peaveys
+peavies
+peavy
+pebble
+pebbled
+pebbles
+pebblier
+pebbling
+pebbly
+pec
+pecan
+pecans
+peccable
+peccancy
+peccant
+peccary
+peccavi
+peccavis
+pech
+pechan
+pechans
+peched
+peching
+pechs
+peck
+pecked
+pecker
+peckers
+peckier
+peckiest
+pecking
+peckish
+pecks
+pecky
+pecorini
+pecorino
+pecs
+pectase
+pectases
+pectate
+pectates
+pecten
+pectens
+pectic
+pectin
+pectines
+pectins
+pectize
+pectized
+pectizes
+pectoral
+peculate
+peculia
+peculiar
+peculium
+ped
+pedagog
+pedagogs
+pedagogy
+pedal
+pedaled
+pedalfer
+pedalier
+pedaling
+pedalled
+pedalo
+pedalos
+pedals
+pedant
+pedantic
+pedantry
+pedants
+pedate
+pedately
+peddle
+peddled
+peddler
+peddlers
+peddlery
+peddles
+peddling
+pederast
+pedes
+pedestal
+pedicab
+pedicabs
+pedicel
+pedicels
+pedicle
+pedicled
+pedicles
+pedicure
+pediform
+pedigree
+pediment
+pedipalp
+pedlar
+pedlars
+pedlary
+pedler
+pedlers
+pedlery
+pedocal
+pedocals
+pedology
+pedro
+pedros
+peds
+peduncle
+pee
+peebeen
+peebeens
+peed
+peeing
+peek
+peekaboo
+peeked
+peeking
+peeks
+peel
+peelable
+peeled
+peeler
+peelers
+peeling
+peelings
+peels
+peen
+peened
+peening
+peens
+peep
+peeped
+peeper
+peepers
+peephole
+peeping
+peeps
+peepshow
+peepul
+peepuls
+peer
+peerage
+peerages
+peered
+peeress
+peerie
+peeries
+peering
+peerless
+peers
+peery
+pees
+peesweep
+peetweet
+peeve
+peeved
+peeves
+peeving
+peevish
+peewee
+peewees
+peewit
+peewits
+peg
+pegboard
+pegbox
+pegboxes
+pegged
+pegging
+pegless
+peglike
+pegs
+peh
+pehs
+peignoir
+pein
+peined
+peining
+peins
+peise
+peised
+peises
+peising
+pekan
+pekans
+peke
+pekes
+pekin
+pekins
+pekoe
+pekoes
+pelage
+pelages
+pelagial
+pelagic
+pele
+pelerine
+peles
+pelf
+pelfs
+pelican
+pelicans
+pelisse
+pelisses
+pelite
+pelites
+pelitic
+pellagra
+pellet
+pelletal
+pelleted
+pellets
+pellicle
+pellmell
+pellucid
+pelmet
+pelmets
+pelon
+peloria
+pelorian
+pelorias
+peloric
+pelorus
+pelota
+pelotas
+pelt
+peltast
+peltasts
+peltate
+pelted
+pelter
+peltered
+pelters
+pelting
+peltries
+peltry
+pelts
+pelves
+pelvic
+pelvics
+pelvis
+pelvises
+pembina
+pembinas
+pemican
+pemicans
+pemmican
+pemoline
+pemphix
+pen
+penal
+penalise
+penality
+penalize
+penally
+penalty
+penance
+penanced
+penances
+penang
+penangs
+penates
+pence
+pencel
+pencels
+penchant
+pencil
+penciled
+penciler
+pencils
+pend
+pendant
+pendants
+pended
+pendency
+pendent
+pendents
+pending
+pends
+pendular
+pendulum
+penes
+pengo
+pengos
+penguin
+penguins
+penial
+penicil
+penicils
+penile
+penis
+penises
+penitent
+penknife
+penlight
+penlite
+penlites
+penman
+penmen
+penna
+pennae
+penname
+pennames
+pennant
+pennants
+pennate
+pennated
+penne
+penned
+penner
+penners
+penni
+pennia
+pennies
+pennine
+pennines
+penning
+pennis
+pennon
+pennoned
+pennons
+penny
+penoche
+penoches
+penology
+penoncel
+penpoint
+pens
+pensee
+pensees
+pensil
+pensile
+pensils
+pension
+pensione
+pensions
+pensive
+penster
+pensters
+penstock
+pent
+pentacle
+pentad
+pentads
+pentagon
+pentane
+pentanes
+pentanol
+pentarch
+pentene
+pentenes
+pentode
+pentodes
+pentomic
+pentosan
+pentose
+pentoses
+pentyl
+pentyls
+penuche
+penuches
+penuchi
+penuchis
+penuchle
+penuckle
+penult
+penults
+penumbra
+penuries
+penury
+peon
+peonage
+peonages
+peones
+peonies
+peonism
+peonisms
+peons
+peony
+people
+peopled
+peopler
+peoplers
+peoples
+peopling
+pep
+peperoni
+pepla
+peplos
+peploses
+peplum
+peplumed
+peplums
+peplus
+pepluses
+pepo
+peponida
+peponium
+pepos
+pepped
+pepper
+peppered
+pepperer
+peppers
+peppery
+peppier
+peppiest
+peppily
+pepping
+peppy
+peps
+pepsin
+pepsine
+pepsines
+pepsins
+peptic
+peptics
+peptid
+peptide
+peptides
+peptidic
+peptids
+peptize
+peptized
+peptizer
+peptizes
+peptone
+peptones
+peptonic
+per
+peracid
+peracids
+percale
+percales
+perceive
+percent
+percents
+percept
+percepts
+perch
+perched
+percher
+perchers
+perches
+perching
+percoid
+percoids
+percuss
+perdie
+perdu
+perdue
+perdues
+perdure
+perdured
+perdures
+perdus
+perdy
+perea
+peregrin
+pereia
+pereion
+pereon
+pereopod
+perfect
+perfecta
+perfecto
+perfects
+perfidy
+perforce
+perform
+performs
+perfume
+perfumed
+perfumer
+perfumes
+perfuse
+perfused
+perfuses
+pergola
+pergolas
+perhaps
+peri
+perianth
+periapt
+periapts
+periblem
+pericarp
+pericope
+periderm
+peridia
+peridial
+peridium
+peridot
+peridots
+perigeal
+perigean
+perigee
+perigees
+perigon
+perigons
+perigyny
+peril
+periled
+periling
+perilla
+perillas
+perilled
+perilous
+perils
+perilune
+perinea
+perineal
+perineum
+period
+periodic
+periodid
+periods
+periotic
+peripety
+peripter
+perique
+periques
+peris
+perisarc
+perish
+perished
+perishes
+periwig
+periwigs
+perjure
+perjured
+perjurer
+perjures
+perjury
+perk
+perked
+perkier
+perkiest
+perkily
+perking
+perkish
+perks
+perky
+perlite
+perlites
+perlitic
+perm
+permeant
+permease
+permeate
+permed
+perming
+permit
+permits
+perms
+permute
+permuted
+permutes
+peroneal
+peroral
+perorate
+peroxid
+peroxide
+peroxids
+peroxy
+perpend
+perpends
+perpent
+perpents
+perplex
+perries
+perron
+perrons
+perry
+persalt
+persalts
+perse
+perses
+persist
+persists
+person
+persona
+personae
+personal
+personas
+persons
+perspire
+perspiry
+persuade
+pert
+pertain
+pertains
+perter
+pertest
+pertly
+pertness
+perturb
+perturbs
+peruke
+peruked
+perukes
+perusal
+perusals
+peruse
+perused
+peruser
+perusers
+peruses
+perusing
+pervade
+pervaded
+pervader
+pervades
+perverse
+pervert
+perverts
+pervious
+pes
+pesade
+pesades
+peseta
+pesetas
+pesewa
+pesewas
+peskier
+peskiest
+peskily
+pesky
+peso
+pesos
+pessary
+pest
+pester
+pestered
+pesterer
+pesters
+pesthole
+pestier
+pestiest
+pestle
+pestled
+pestles
+pestling
+pesto
+pestos
+pests
+pesty
+pet
+petal
+petaled
+petaline
+petalled
+petalody
+petaloid
+petalous
+petals
+petard
+petards
+petasos
+petasus
+petcock
+petcocks
+petechia
+peter
+petered
+petering
+peters
+petiolar
+petiole
+petioled
+petioles
+petit
+petite
+petites
+petition
+petnap
+petnaps
+petrale
+petrales
+petrel
+petrels
+petrify
+petrol
+petrolic
+petrols
+petronel
+petrosal
+petrous
+pets
+petsai
+petsais
+petted
+pettedly
+petter
+petters
+petti
+pettier
+pettiest
+pettifog
+pettily
+petting
+pettings
+pettish
+pettle
+pettled
+pettles
+pettling
+petto
+petty
+petulant
+petunia
+petunias
+petuntse
+petuntze
+pew
+pewee
+pewees
+pewit
+pewits
+pews
+pewter
+pewterer
+pewters
+peyote
+peyotes
+peyotl
+peyotls
+peytral
+peytrals
+peytrel
+peytrels
+pfennig
+pfennige
+pfennigs
+pfft
+pfui
+phaeton
+phaetons
+phage
+phages
+phalange
+phalanx
+phalli
+phallic
+phallism
+phallist
+phallus
+phantasm
+phantast
+phantasy
+phantom
+phantoms
+pharaoh
+pharaohs
+pharisee
+pharmacy
+pharos
+pharoses
+pharynx
+phase
+phaseal
+phased
+phaseout
+phases
+phasic
+phasing
+phasis
+phasmid
+phasmids
+phat
+phatic
+pheasant
+phellem
+phellems
+phelonia
+phenate
+phenates
+phenazin
+phenetic
+phenetol
+phenix
+phenixes
+phenol
+phenolic
+phenols
+phenom
+phenoms
+phenoxy
+phenyl
+phenylic
+phenyls
+phew
+phi
+phial
+phials
+philabeg
+philibeg
+philomel
+philter
+philters
+philtra
+philtre
+philtred
+philtres
+philtrum
+phimoses
+phimosis
+phimotic
+phis
+phiz
+phizes
+phlegm
+phlegms
+phlegmy
+phloem
+phloems
+phlox
+phloxes
+phobia
+phobias
+phobic
+phobics
+phocine
+phoebe
+phoebes
+phoebus
+phoenix
+phon
+phonal
+phonate
+phonated
+phonates
+phone
+phoned
+phoneme
+phonemes
+phonemic
+phones
+phonetic
+phoney
+phoneyed
+phoneys
+phonic
+phonics
+phonied
+phonier
+phonies
+phoniest
+phonily
+phoning
+phono
+phonon
+phonons
+phonos
+phons
+phony
+phonying
+phooey
+phorate
+phorates
+phoronid
+phosgene
+phosphid
+phosphin
+phosphor
+phot
+photic
+photics
+photo
+photoed
+photog
+photogs
+photoing
+photomap
+photon
+photonic
+photons
+photopia
+photopic
+photos
+photoset
+phots
+phpht
+phrasal
+phrase
+phrased
+phrases
+phrasing
+phratral
+phratric
+phratry
+phreatic
+phrenic
+phrensy
+pht
+phthalic
+phthalin
+phthises
+phthisic
+phthisis
+phut
+phuts
+phyla
+phylae
+phylar
+phylaxis
+phyle
+phyleses
+phylesis
+phyletic
+phylic
+phyllary
+phyllite
+phyllo
+phyllode
+phylloid
+phyllome
+phyllos
+phylon
+phylum
+physed
+physeds
+physes
+physic
+physical
+physics
+physique
+physis
+phytane
+phytanes
+phytoid
+phytol
+phytols
+phyton
+phytonic
+phytons
+pi
+pia
+piacular
+piaffe
+piaffed
+piaffer
+piaffers
+piaffes
+piaffing
+pial
+pian
+pianic
+pianism
+pianisms
+pianist
+pianists
+piano
+pianos
+pians
+pias
+piasaba
+piasabas
+piasava
+piasavas
+piassaba
+piassava
+piaster
+piasters
+piastre
+piastres
+piazza
+piazzas
+piazze
+pibal
+pibals
+pibroch
+pibrochs
+pic
+pica
+picacho
+picachos
+picador
+picadors
+pical
+picara
+picaras
+picaro
+picaroon
+picaros
+picas
+picayune
+piccolo
+piccolos
+pice
+piceous
+piciform
+pick
+pickadil
+pickax
+pickaxe
+pickaxed
+pickaxes
+picked
+pickeer
+pickeers
+picker
+pickerel
+pickers
+picket
+picketed
+picketer
+pickets
+pickier
+pickiest
+picking
+pickings
+pickle
+pickled
+pickles
+pickling
+picklock
+pickoff
+pickoffs
+picks
+pickup
+pickups
+pickwick
+picky
+picloram
+picnic
+picnicky
+picnics
+picogram
+picolin
+picoline
+picolins
+picomole
+picot
+picoted
+picotee
+picotees
+picoting
+picots
+picquet
+picquets
+picrate
+picrated
+picrates
+picric
+picrite
+picrites
+picritic
+pics
+picture
+pictured
+pictures
+picul
+piculs
+piddle
+piddled
+piddler
+piddlers
+piddles
+piddling
+piddly
+piddock
+piddocks
+pidgin
+pidgins
+pie
+piebald
+piebalds
+piece
+pieced
+piecer
+piecers
+pieces
+piecing
+piecings
+piecrust
+pied
+piedfort
+piedmont
+piefort
+pieforts
+pieing
+pieplant
+pier
+pierce
+pierced
+piercer
+piercers
+pierces
+piercing
+pierogi
+pierrot
+pierrots
+piers
+pies
+pieta
+pietas
+pieties
+pietism
+pietisms
+pietist
+pietists
+piety
+piffle
+piffled
+piffles
+piffling
+pig
+pigboat
+pigboats
+pigeon
+pigeons
+pigfish
+pigged
+piggery
+piggie
+piggier
+piggies
+piggiest
+piggin
+pigging
+piggins
+piggish
+piggy
+piglet
+piglets
+piglike
+pigment
+pigments
+pigmies
+pigmy
+pignoli
+pignolia
+pignolis
+pignora
+pignus
+pignut
+pignuts
+pigout
+pigouts
+pigpen
+pigpens
+pigs
+pigskin
+pigskins
+pigsney
+pigsneys
+pigstick
+pigsties
+pigsty
+pigtail
+pigtails
+pigweed
+pigweeds
+piing
+pika
+pikake
+pikakes
+pikas
+pike
+piked
+pikeman
+pikemen
+piker
+pikers
+pikes
+piki
+piking
+pikis
+pilaf
+pilaff
+pilaffs
+pilafs
+pilar
+pilaster
+pilau
+pilaus
+pilaw
+pilaws
+pilchard
+pile
+pilea
+pileate
+pileated
+piled
+pilei
+pileless
+pileous
+piles
+pileum
+pileup
+pileups
+pileus
+pilewort
+pilfer
+pilfered
+pilferer
+pilfers
+pilgrim
+pilgrims
+pili
+piliform
+piling
+pilings
+pilis
+pill
+pillage
+pillaged
+pillager
+pillages
+pillar
+pillared
+pillars
+pillbox
+pilled
+pilling
+pillion
+pillions
+pillory
+pillow
+pillowed
+pillows
+pillowy
+pills
+pilose
+pilosity
+pilot
+pilotage
+piloted
+piloting
+pilots
+pilous
+pilsener
+pilsner
+pilsners
+pilular
+pilule
+pilules
+pilus
+pily
+pima
+pimas
+pimento
+pimentos
+pimiento
+pimp
+pimped
+pimping
+pimple
+pimpled
+pimples
+pimplier
+pimply
+pimps
+pin
+pina
+pinafore
+pinang
+pinangs
+pinas
+pinaster
+pinata
+pinatas
+pinball
+pinballs
+pinbone
+pinbones
+pincer
+pincers
+pinch
+pinchbug
+pincheck
+pinched
+pincher
+pinchers
+pinches
+pinching
+pinder
+pinders
+pindling
+pine
+pineal
+pineals
+pinecone
+pined
+pineland
+pinelike
+pinene
+pinenes
+pineries
+pinery
+pines
+pinesap
+pinesaps
+pineta
+pinetum
+pinewood
+piney
+pinfish
+pinfold
+pinfolds
+ping
+pinged
+pinger
+pingers
+pinging
+pingo
+pingos
+pingrass
+pings
+pinguid
+pinhead
+pinheads
+pinhole
+pinholes
+pinier
+piniest
+pining
+pinion
+pinioned
+pinions
+pinite
+pinites
+pinitol
+pinitols
+pink
+pinked
+pinken
+pinkened
+pinkens
+pinker
+pinkers
+pinkest
+pinkey
+pinkeye
+pinkeyes
+pinkeys
+pinkie
+pinkies
+pinking
+pinkings
+pinkish
+pinkly
+pinkness
+pinko
+pinkoes
+pinkos
+pinkroot
+pinks
+pinky
+pinna
+pinnace
+pinnaces
+pinnacle
+pinnae
+pinnal
+pinnas
+pinnate
+pinnated
+pinned
+pinner
+pinners
+pinnies
+pinning
+pinniped
+pinnula
+pinnulae
+pinnular
+pinnule
+pinnules
+pinny
+pinochle
+pinocle
+pinocles
+pinole
+pinoles
+pinon
+pinones
+pinons
+pinot
+pinots
+pinpoint
+pinprick
+pins
+pinscher
+pint
+pinta
+pintada
+pintadas
+pintado
+pintados
+pintail
+pintails
+pintano
+pintanos
+pintas
+pintle
+pintles
+pinto
+pintoes
+pintos
+pints
+pintsize
+pinup
+pinups
+pinwale
+pinwales
+pinweed
+pinweeds
+pinwheel
+pinwork
+pinworks
+pinworm
+pinworms
+piny
+pinyin
+pinyon
+pinyons
+piolet
+piolets
+pion
+pioneer
+pioneers
+pionic
+pions
+piosity
+pious
+piously
+pip
+pipage
+pipages
+pipal
+pipals
+pipe
+pipeage
+pipeages
+piped
+pipefish
+pipeful
+pipefuls
+pipeless
+pipelike
+pipeline
+piper
+piperine
+pipers
+pipes
+pipestem
+pipet
+pipets
+pipette
+pipetted
+pipettes
+pipier
+pipiest
+pipiness
+piping
+pipingly
+pipings
+pipit
+pipits
+pipkin
+pipkins
+pipped
+pippin
+pipping
+pippins
+pips
+pipy
+piquance
+piquancy
+piquant
+pique
+piqued
+piques
+piquet
+piquets
+piquing
+piracies
+piracy
+piragua
+piraguas
+pirana
+piranas
+piranha
+piranhas
+pirarucu
+pirate
+pirated
+pirates
+piratic
+pirating
+piraya
+pirayas
+piriform
+pirn
+pirns
+pirog
+pirogen
+piroghi
+pirogi
+pirogies
+pirogue
+pirogues
+pirojki
+piroque
+piroques
+piroshki
+pirozhki
+pirozhok
+pis
+piscary
+piscator
+piscina
+piscinae
+piscinal
+piscinas
+piscine
+pisco
+piscos
+pish
+pished
+pishes
+pishing
+pishoge
+pishoges
+pishogue
+pisiform
+pismire
+pismires
+piso
+pisolite
+pisos
+piss
+pissant
+pissants
+pissed
+pisser
+pissers
+pisses
+pissing
+pissoir
+pissoirs
+pistache
+piste
+pistes
+pistil
+pistils
+pistol
+pistole
+pistoled
+pistoles
+pistols
+piston
+pistons
+pit
+pita
+pitapat
+pitapats
+pitas
+pitch
+pitched
+pitcher
+pitchers
+pitches
+pitchier
+pitchily
+pitching
+pitchman
+pitchmen
+pitchout
+pitchy
+piteous
+pitfall
+pitfalls
+pith
+pithead
+pitheads
+pithed
+pithier
+pithiest
+pithily
+pithing
+pithless
+piths
+pithy
+pitiable
+pitiably
+pitied
+pitier
+pitiers
+pities
+pitiful
+pitiless
+pitman
+pitmans
+pitmen
+piton
+pitons
+pits
+pitsaw
+pitsaws
+pittance
+pitted
+pitting
+pittings
+pity
+pitying
+piu
+pivot
+pivotal
+pivoted
+pivoting
+pivotman
+pivotmen
+pivots
+pix
+pixel
+pixels
+pixes
+pixie
+pixieish
+pixies
+pixiness
+pixy
+pixyish
+pizazz
+pizazzes
+pizazzy
+pizza
+pizzas
+pizzeria
+pizzle
+pizzles
+placable
+placably
+placard
+placards
+placate
+placated
+placater
+placates
+place
+placebo
+placebos
+placed
+placeman
+placemen
+placenta
+placer
+placers
+places
+placet
+placets
+placid
+placidly
+placing
+plack
+placket
+plackets
+placks
+placoid
+placoids
+plafond
+plafonds
+plagal
+plage
+plages
+plagiary
+plague
+plagued
+plaguer
+plaguers
+plagues
+plaguey
+plaguily
+plaguing
+plaguy
+plaice
+plaices
+plaid
+plaided
+plaids
+plain
+plained
+plainer
+plainest
+plaining
+plainly
+plains
+plaint
+plaints
+plaister
+plait
+plaited
+plaiter
+plaiters
+plaiting
+plaits
+plan
+planar
+planaria
+planate
+planch
+planche
+planches
+planchet
+plane
+planed
+planer
+planers
+planes
+planet
+planets
+planform
+plangent
+planing
+planish
+plank
+planked
+planking
+planks
+plankter
+plankton
+planless
+planned
+planner
+planners
+planning
+planosol
+plans
+plant
+plantain
+plantar
+planted
+planter
+planters
+planting
+plantlet
+plants
+planula
+planulae
+planular
+plaque
+plaques
+plash
+plashed
+plasher
+plashers
+plashes
+plashier
+plashing
+plashy
+plasm
+plasma
+plasmas
+plasmic
+plasmid
+plasmids
+plasmin
+plasmins
+plasmoid
+plasmon
+plasmons
+plasms
+plaster
+plasters
+plastery
+plastic
+plastics
+plastid
+plastids
+plastral
+plastron
+plastrum
+plat
+platan
+platane
+platanes
+platans
+plate
+plateau
+plateaus
+plateaux
+plated
+plateful
+platelet
+platen
+platens
+plater
+platers
+plates
+platform
+platier
+platies
+platiest
+platina
+platinas
+plating
+platings
+platinic
+platinum
+platonic
+platoon
+platoons
+plats
+platted
+platter
+platters
+platting
+platy
+platypi
+platypus
+platys
+plaudit
+plaudits
+plausive
+play
+playa
+playable
+playact
+playacts
+playas
+playback
+playbill
+playbook
+playboy
+playboys
+playdate
+playday
+playdays
+playdown
+played
+player
+players
+playful
+playgirl
+playgoer
+playing
+playland
+playless
+playlet
+playlets
+playlike
+playlist
+playmate
+playoff
+playoffs
+playpen
+playpens
+playroom
+plays
+playsuit
+playtime
+playwear
+plaza
+plazas
+plea
+pleach
+pleached
+pleaches
+plead
+pleaded
+pleader
+pleaders
+pleading
+pleads
+pleas
+pleasant
+please
+pleased
+pleaser
+pleasers
+pleases
+pleasing
+pleasure
+pleat
+pleated
+pleater
+pleaters
+pleating
+pleats
+pleb
+plebe
+plebeian
+plebes
+plebs
+plectra
+plectron
+plectrum
+pled
+pledge
+pledged
+pledgee
+pledgees
+pledgeor
+pledger
+pledgers
+pledges
+pledget
+pledgets
+pledging
+pledgor
+pledgors
+pleiad
+pleiades
+pleiads
+plena
+plenary
+plench
+plenches
+plenish
+plenism
+plenisms
+plenist
+plenists
+plenties
+plenty
+plenum
+plenums
+pleonasm
+pleopod
+pleopods
+plessor
+plessors
+plethora
+pleura
+pleurae
+pleural
+pleuras
+pleurisy
+pleuron
+pleuston
+plew
+plews
+plexal
+plexor
+plexors
+plexus
+plexuses
+pliable
+pliably
+pliancy
+pliant
+pliantly
+plica
+plicae
+plical
+plicate
+plicated
+plie
+plied
+plier
+pliers
+plies
+plight
+plighted
+plighter
+plights
+plimsol
+plimsole
+plimsoll
+plimsols
+plink
+plinked
+plinker
+plinkers
+plinking
+plinks
+plinth
+plinths
+pliotron
+pliskie
+pliskies
+plisky
+plisse
+plisses
+plod
+plodded
+plodder
+plodders
+plodding
+plods
+ploidies
+ploidy
+plonk
+plonked
+plonking
+plonks
+plop
+plopped
+plopping
+plops
+plosion
+plosions
+plosive
+plosives
+plot
+plotless
+plotline
+plots
+plottage
+plotted
+plotter
+plotters
+plottier
+plotties
+plotting
+plotty
+plotz
+plotzed
+plotzes
+plotzing
+plough
+ploughed
+plougher
+ploughs
+plover
+plovers
+plow
+plowable
+plowback
+plowboy
+plowboys
+plowed
+plower
+plowers
+plowhead
+plowing
+plowland
+plowman
+plowmen
+plows
+ploy
+ployed
+ploying
+ploys
+pluck
+plucked
+plucker
+pluckers
+pluckier
+pluckily
+plucking
+plucks
+plucky
+plug
+plugged
+plugger
+pluggers
+plugging
+plugless
+plugola
+plugolas
+plugs
+plugugly
+plum
+plumage
+plumaged
+plumages
+plumate
+plumb
+plumbago
+plumbed
+plumber
+plumbers
+plumbery
+plumbic
+plumbing
+plumbism
+plumbous
+plumbs
+plumbum
+plumbums
+plume
+plumed
+plumelet
+plumeria
+plumes
+plumier
+plumiest
+pluming
+plumiped
+plumlike
+plummet
+plummets
+plummier
+plummy
+plumose
+plump
+plumped
+plumpen
+plumpens
+plumper
+plumpers
+plumpest
+plumping
+plumpish
+plumply
+plumps
+plums
+plumular
+plumule
+plumules
+plumy
+plunder
+plunders
+plunge
+plunged
+plunger
+plungers
+plunges
+plunging
+plunk
+plunked
+plunker
+plunkers
+plunking
+plunks
+plural
+plurally
+plurals
+plus
+pluses
+plush
+plusher
+plushes
+plushest
+plushier
+plushily
+plushly
+plushy
+plussage
+plusses
+plutei
+pluteus
+pluton
+plutonic
+plutons
+pluvial
+pluvials
+pluvian
+pluviose
+pluvious
+ply
+plyer
+plyers
+plying
+plyingly
+plywood
+plywoods
+pneuma
+pneumas
+poaceous
+poach
+poached
+poacher
+poachers
+poaches
+poachier
+poaching
+poachy
+pochard
+pochards
+pock
+pocked
+pocket
+pocketed
+pocketer
+pockets
+pockier
+pockiest
+pockily
+pocking
+pockmark
+pocks
+pocky
+poco
+pocosin
+pocosins
+pod
+podagra
+podagral
+podagras
+podagric
+podded
+podding
+podesta
+podestas
+podgier
+podgiest
+podgily
+podgy
+podia
+podiatry
+podite
+podites
+poditic
+podium
+podiums
+podlike
+podocarp
+podomere
+pods
+podsol
+podsolic
+podsols
+podzol
+podzolic
+podzols
+poechore
+poem
+poems
+poesies
+poesy
+poet
+poetess
+poetic
+poetical
+poetics
+poetise
+poetised
+poetiser
+poetises
+poetize
+poetized
+poetizer
+poetizes
+poetless
+poetlike
+poetries
+poetry
+poets
+pogey
+pogeys
+pogies
+pogonia
+pogonias
+pogonip
+pogonips
+pogrom
+pogromed
+pogroms
+pogy
+poh
+poi
+poignant
+poilu
+poilus
+poind
+poinded
+poinding
+poinds
+point
+pointe
+pointed
+pointer
+pointers
+pointes
+pointier
+pointing
+pointman
+pointmen
+points
+pointy
+pois
+poise
+poised
+poiser
+poisers
+poises
+poisha
+poising
+poison
+poisoned
+poisoner
+poisons
+poitrel
+poitrels
+poke
+poked
+poker
+pokeroot
+pokers
+pokes
+pokeweed
+pokey
+pokeys
+pokier
+pokies
+pokiest
+pokily
+pokiness
+poking
+poky
+pol
+polar
+polarise
+polarity
+polarize
+polaron
+polarons
+polars
+polder
+polders
+pole
+poleax
+poleaxe
+poleaxed
+poleaxes
+polecat
+polecats
+poled
+poleis
+poleless
+polemic
+polemics
+polemist
+polemize
+polenta
+polentas
+poler
+polers
+poles
+polestar
+poleward
+poleyn
+poleyns
+police
+policed
+polices
+policies
+policing
+policy
+poling
+polio
+polios
+polis
+polish
+polished
+polisher
+polishes
+polite
+politely
+politer
+politest
+politic
+politick
+politico
+politics
+polities
+polity
+polka
+polkaed
+polkaing
+polkas
+poll
+pollack
+pollacks
+pollard
+pollards
+polled
+pollee
+pollees
+pollen
+pollened
+pollens
+poller
+pollers
+pollex
+pollical
+pollices
+polling
+pollinia
+pollinic
+pollist
+pollists
+polliwog
+pollock
+pollocks
+polls
+pollster
+pollute
+polluted
+polluter
+pollutes
+pollywog
+polo
+poloist
+poloists
+polonium
+polos
+pols
+poltroon
+poly
+polybrid
+polycot
+polycots
+polyene
+polyenes
+polyenic
+polygala
+polygamy
+polygene
+polyglot
+polygon
+polygons
+polygony
+polygyny
+polymath
+polymer
+polymers
+polynya
+polynyas
+polynyi
+polyoma
+polyomas
+polyp
+polypary
+polypi
+polypide
+polypnea
+polypod
+polypods
+polypody
+polypoid
+polypore
+polypous
+polyps
+polypus
+polys
+polysemy
+polysome
+polytene
+polyteny
+polytype
+polyuria
+polyuric
+polyzoan
+polyzoic
+pom
+pomace
+pomaces
+pomade
+pomaded
+pomades
+pomading
+pomander
+pomatum
+pomatums
+pome
+pomelo
+pomelos
+pomes
+pomfret
+pomfrets
+pommee
+pommel
+pommeled
+pommels
+pommie
+pommies
+pommy
+pomology
+pomp
+pompano
+pompanos
+pompom
+pompoms
+pompon
+pompons
+pompous
+pomps
+poms
+ponce
+ponced
+ponces
+poncho
+ponchos
+poncing
+pond
+ponded
+ponder
+pondered
+ponderer
+ponders
+ponding
+ponds
+pondweed
+pone
+ponent
+pones
+pong
+ponged
+pongee
+pongees
+pongid
+pongids
+ponging
+pongs
+poniard
+poniards
+ponied
+ponies
+pons
+pontes
+pontifex
+pontiff
+pontiffs
+pontific
+pontil
+pontils
+pontine
+ponton
+pontons
+pontoon
+pontoons
+pony
+ponying
+ponytail
+pooch
+pooched
+pooches
+pooching
+pood
+poodle
+poodles
+poods
+poof
+poofs
+pooftah
+pooftahs
+poofter
+poofters
+poofy
+pooh
+poohed
+poohing
+poohs
+pool
+pooled
+poolhall
+pooling
+poolroom
+pools
+poolside
+poon
+poons
+poop
+pooped
+pooping
+poops
+poor
+poorer
+poorest
+poori
+pooris
+poorish
+poorly
+poorness
+poortith
+poove
+pooves
+pop
+popcorn
+popcorns
+pope
+popedom
+popedoms
+popeless
+popelike
+poperies
+popery
+popes
+popeyed
+popgun
+popguns
+popinjay
+popish
+popishly
+poplar
+poplars
+poplin
+poplins
+poplitic
+popover
+popovers
+poppa
+poppas
+popped
+popper
+poppers
+poppet
+poppets
+poppied
+poppies
+popping
+popple
+poppled
+popples
+poppling
+poppy
+pops
+popsie
+popsies
+popsy
+populace
+popular
+populate
+populism
+populist
+populous
+porch
+porches
+porcine
+porcini
+porcino
+pore
+pored
+pores
+porgies
+porgy
+poring
+porism
+porisms
+pork
+porker
+porkers
+porkier
+porkies
+porkiest
+porkpie
+porkpies
+porks
+porkwood
+porky
+porn
+pornier
+porniest
+porno
+pornos
+porns
+porny
+porose
+porosity
+porous
+porously
+porphyry
+porpoise
+porrect
+porridge
+porridgy
+port
+portable
+portably
+portage
+portaged
+portages
+portal
+portaled
+portals
+portance
+portapak
+ported
+portend
+portends
+portent
+portents
+porter
+portered
+porters
+porthole
+portico
+porticos
+portiere
+porting
+portion
+portions
+portless
+portlier
+portly
+portrait
+portray
+portrays
+portress
+ports
+posada
+posadas
+pose
+posed
+poser
+posers
+poses
+poseur
+poseurs
+posh
+posher
+poshest
+poshly
+poshness
+posies
+posing
+posingly
+posit
+posited
+positing
+position
+positive
+positron
+posits
+posology
+posse
+posses
+possess
+posset
+possets
+possible
+possibly
+possum
+possums
+post
+postage
+postages
+postal
+postally
+postals
+postanal
+postbag
+postbags
+postbase
+postbox
+postboy
+postboys
+postburn
+postcard
+postcava
+postcode
+postcoup
+postdate
+postdive
+postdoc
+postdocs
+postdrug
+posted
+posteen
+posteens
+poster
+postern
+posterns
+posters
+postface
+postfire
+postfix
+postform
+postgame
+postheat
+posthole
+postiche
+postin
+posting
+postings
+postins
+postique
+postlude
+postman
+postmark
+postmen
+postoral
+postpaid
+postpone
+postrace
+postriot
+posts
+postshow
+postsync
+posttax
+postteen
+posttest
+postural
+posture
+postured
+posturer
+postures
+postwar
+posy
+pot
+potable
+potables
+potage
+potages
+potamic
+potash
+potashes
+potassic
+potation
+potato
+potatoes
+potatory
+potbelly
+potboil
+potboils
+potboy
+potboys
+poteen
+poteens
+potence
+potences
+potency
+potent
+potently
+potful
+potfuls
+pothead
+potheads
+potheen
+potheens
+pother
+potherb
+potherbs
+pothered
+pothers
+pothole
+potholed
+potholes
+pothook
+pothooks
+pothouse
+potiche
+potiches
+potion
+potions
+potlach
+potlache
+potlatch
+potlike
+potline
+potlines
+potluck
+potlucks
+potman
+potmen
+potpie
+potpies
+pots
+potshard
+potsherd
+potshot
+potshots
+potsie
+potsies
+potstone
+potsy
+pottage
+pottages
+potted
+potteen
+potteens
+potter
+pottered
+potterer
+potters
+pottery
+pottier
+potties
+pottiest
+potting
+pottle
+pottles
+potto
+pottos
+potty
+potzer
+potzers
+pouch
+pouched
+pouches
+pouchier
+pouching
+pouchy
+pouf
+poufed
+pouff
+pouffe
+pouffed
+pouffes
+pouffs
+poufs
+poulard
+poularde
+poulards
+poult
+poulter
+poulters
+poultice
+poultry
+poults
+pounce
+pounced
+pouncer
+pouncers
+pounces
+pouncing
+pound
+poundage
+poundal
+poundals
+pounded
+pounder
+pounders
+pounding
+pounds
+pour
+pourable
+poured
+pourer
+pourers
+pouring
+pours
+poussie
+poussies
+pout
+pouted
+pouter
+pouters
+poutful
+poutier
+poutiest
+pouting
+pouts
+pouty
+poverty
+pow
+powder
+powdered
+powderer
+powders
+powdery
+power
+powered
+powerful
+powering
+powers
+pows
+powter
+powters
+powwow
+powwowed
+powwows
+pox
+poxed
+poxes
+poxing
+poxvirus
+poyou
+poyous
+pozzolan
+praam
+praams
+practic
+practice
+practise
+praecipe
+praedial
+praefect
+praelect
+praetor
+praetors
+prahu
+prahus
+prairie
+prairies
+praise
+praised
+praiser
+praisers
+praises
+praising
+praline
+pralines
+pram
+prams
+prance
+pranced
+prancer
+prancers
+prances
+prancing
+prandial
+prang
+pranged
+pranging
+prangs
+prank
+pranked
+pranking
+prankish
+pranks
+prao
+praos
+prase
+prases
+prat
+prate
+prated
+prater
+praters
+prates
+pratfall
+prating
+pratique
+prats
+prattle
+prattled
+prattler
+prattles
+prau
+praus
+prawn
+prawned
+prawner
+prawners
+prawning
+prawns
+praxes
+praxis
+praxises
+pray
+prayed
+prayer
+prayers
+praying
+prays
+preach
+preached
+preacher
+preaches
+preachy
+preact
+preacted
+preacts
+preadapt
+preadmit
+preadopt
+preadult
+preaged
+preallot
+preamble
+preamp
+preamps
+preanal
+prearm
+prearmed
+prearms
+preaudit
+preaver
+preavers
+preaxial
+prebake
+prebaked
+prebakes
+prebasal
+prebend
+prebends
+prebill
+prebills
+prebind
+prebinds
+prebless
+preboil
+preboils
+prebook
+prebooks
+preboom
+prebound
+precast
+precasts
+precava
+precavae
+precaval
+precede
+preceded
+precedes
+precent
+precents
+precept
+precepts
+precess
+precheck
+prechill
+precieux
+precinct
+precious
+precipe
+precipes
+precis
+precise
+precised
+preciser
+precises
+precited
+preclean
+preclear
+preclude
+precode
+precoded
+precodes
+precook
+precooks
+precool
+precools
+precoup
+precrash
+precure
+precured
+precures
+precut
+precuts
+predate
+predated
+predates
+predator
+predawn
+predawns
+predial
+predict
+predicts
+predive
+predrill
+predusk
+predusks
+pree
+preed
+preedit
+preedits
+preeing
+preelect
+preemie
+preemies
+preempt
+preempts
+preen
+preenact
+preened
+preener
+preeners
+preening
+preens
+preerect
+prees
+preexist
+prefab
+prefabs
+preface
+prefaced
+prefacer
+prefaces
+prefade
+prefaded
+prefades
+prefect
+prefects
+prefer
+prefers
+prefight
+prefile
+prefiled
+prefiles
+prefire
+prefired
+prefires
+prefix
+prefixal
+prefixed
+prefixes
+preflame
+prefocus
+preform
+preforms
+prefrank
+prefroze
+pregame
+preggers
+pregnant
+preheat
+preheats
+prehuman
+prejudge
+prelacy
+prelate
+prelates
+prelatic
+prelect
+prelects
+prelegal
+prelife
+prelim
+prelimit
+prelims
+prelives
+prelude
+preluded
+preluder
+preludes
+prelunch
+premade
+preman
+premeal
+premed
+premedic
+premeds
+premeet
+premen
+premie
+premier
+premiere
+premiers
+premies
+premise
+premised
+premises
+premiss
+premium
+premiums
+premix
+premixed
+premixes
+premixt
+premolar
+premold
+premolds
+premolt
+premoral
+premorse
+premune
+prename
+prenames
+prenatal
+prenomen
+prenoon
+prentice
+preorder
+prep
+prepack
+prepacks
+prepaid
+prepare
+prepared
+preparer
+prepares
+prepaste
+prepay
+prepays
+prepense
+prepill
+preplace
+preplan
+preplans
+preplant
+prepped
+preppie
+preppier
+preppies
+preppily
+prepping
+preppy
+prepreg
+prepregs
+preprice
+preprint
+preps
+prepuce
+prepuces
+prepunch
+prepupal
+prequel
+prequels
+prerace
+prerenal
+prerinse
+preriot
+prerock
+presa
+presage
+presaged
+presager
+presages
+presale
+prescind
+prescore
+prese
+presell
+presells
+presence
+present
+presents
+preserve
+preset
+presets
+preshape
+preshow
+preshown
+preshows
+preside
+presided
+presider
+presides
+presidia
+presidio
+presift
+presifts
+presleep
+preslice
+presoak
+presoaks
+presold
+presong
+presort
+presorts
+presplit
+press
+pressed
+presser
+pressers
+presses
+pressing
+pressman
+pressmen
+pressor
+pressors
+pressrun
+pressure
+prest
+prestamp
+prester
+presters
+prestige
+presto
+prestos
+prests
+presume
+presumed
+presumer
+presumes
+pretape
+pretaped
+pretapes
+pretaste
+pretax
+preteen
+preteens
+pretence
+pretend
+pretends
+pretense
+preterit
+preterm
+pretest
+pretests
+pretext
+pretexts
+pretor
+pretors
+pretrain
+pretreat
+pretrial
+pretrim
+pretrims
+prettied
+prettier
+pretties
+prettify
+prettily
+pretty
+pretype
+pretyped
+pretypes
+pretzel
+pretzels
+preunion
+preunite
+prevail
+prevails
+prevent
+prevents
+preview
+previews
+previous
+previse
+prevised
+previses
+previsor
+prevue
+prevued
+prevues
+prevuing
+prewar
+prewarm
+prewarms
+prewarn
+prewarns
+prewash
+prework
+prewrap
+prewraps
+prex
+prexes
+prexies
+prexy
+prey
+preyed
+preyer
+preyers
+preying
+preys
+prez
+prezes
+priapean
+priapi
+priapic
+priapism
+priapus
+price
+priced
+pricer
+pricers
+prices
+pricey
+pricier
+priciest
+pricing
+prick
+pricked
+pricker
+prickers
+pricket
+prickets
+prickier
+pricking
+prickle
+prickled
+prickles
+prickly
+pricks
+pricky
+pricy
+pride
+prided
+prideful
+prides
+priding
+pried
+priedieu
+prier
+priers
+pries
+priest
+priested
+priestly
+priests
+prig
+prigged
+priggery
+prigging
+priggish
+priggism
+prigs
+prill
+prilled
+prilling
+prills
+prim
+prima
+primacy
+primage
+primages
+primal
+primary
+primas
+primatal
+primate
+primates
+prime
+primed
+primely
+primer
+primero
+primeros
+primers
+primes
+primeval
+primi
+primine
+primines
+priming
+primings
+primly
+primmed
+primmer
+primmest
+primming
+primness
+primo
+primos
+primp
+primped
+primping
+primps
+primrose
+prims
+primsie
+primula
+primulas
+primus
+primuses
+prince
+princely
+princes
+princess
+principe
+principi
+princock
+princox
+prink
+prinked
+prinker
+prinkers
+prinking
+prinks
+print
+printed
+printer
+printers
+printery
+printing
+printout
+prints
+prion
+prions
+prior
+priorate
+prioress
+priories
+priority
+priorly
+priors
+priory
+prise
+prised
+prisere
+priseres
+prises
+prising
+prism
+prismoid
+prisms
+prison
+prisoned
+prisoner
+prisons
+priss
+prissed
+prisses
+prissier
+prissies
+prissily
+prissing
+prissy
+pristane
+pristine
+prithee
+privacy
+private
+privater
+privates
+privet
+privets
+privier
+privies
+priviest
+privily
+privity
+privy
+prize
+prized
+prizer
+prizers
+prizes
+prizing
+pro
+proa
+proas
+probable
+probably
+proband
+probands
+probang
+probangs
+probate
+probated
+probates
+probe
+probed
+prober
+probers
+probes
+probing
+probit
+probits
+probity
+problem
+problems
+procaine
+procarp
+procarps
+proceed
+proceeds
+process
+prochain
+prochein
+proclaim
+proctor
+proctors
+procural
+procure
+procured
+procurer
+procures
+prod
+prodded
+prodder
+prodders
+prodding
+prodigal
+prodigy
+prodrome
+prods
+produce
+produced
+producer
+produces
+product
+products
+proem
+proemial
+proems
+proette
+proettes
+prof
+profane
+profaned
+profaner
+profanes
+profess
+proffer
+proffers
+profile
+profiled
+profiler
+profiles
+profit
+profited
+profiter
+profits
+profound
+profs
+profuse
+prog
+progeny
+progeria
+progged
+progger
+proggers
+progging
+prognose
+prograde
+program
+programs
+progress
+progs
+prohibit
+project
+projects
+projet
+projets
+prolabor
+prolamin
+prolan
+prolans
+prolapse
+prolate
+prole
+proleg
+prolegs
+proles
+prolific
+proline
+prolines
+prolix
+prolixly
+prolog
+prologed
+prologs
+prologue
+prolong
+prolonge
+prolongs
+prom
+promine
+promines
+promise
+promised
+promisee
+promiser
+promises
+promisor
+promo
+promos
+promote
+promoted
+promoter
+promotes
+prompt
+prompted
+prompter
+promptly
+prompts
+proms
+promulge
+pronate
+pronated
+pronates
+pronator
+prone
+pronely
+prong
+pronged
+pronging
+prongs
+pronota
+pronotum
+pronoun
+pronouns
+pronto
+proof
+proofed
+proofer
+proofers
+proofing
+proofs
+prop
+propane
+propanes
+propel
+propels
+propend
+propends
+propene
+propenes
+propenol
+propense
+propenyl
+proper
+properer
+properly
+propers
+property
+prophage
+prophase
+prophecy
+prophesy
+prophet
+prophets
+propine
+propined
+propines
+propjet
+propjets
+propman
+propmen
+propolis
+propone
+proponed
+propones
+proposal
+propose
+proposed
+proposer
+proposes
+propound
+propped
+propping
+props
+propyl
+propyla
+propylic
+propylon
+propyls
+prorate
+prorated
+prorates
+prorogue
+pros
+prosaic
+prosaism
+prosaist
+prose
+prosect
+prosects
+prosed
+proser
+prosers
+proses
+prosier
+prosiest
+prosily
+prosing
+prosit
+proso
+prosodic
+prosody
+prosoma
+prosomal
+prosomas
+prosos
+prospect
+prosper
+prospers
+pross
+prosses
+prossie
+prossies
+prost
+prostate
+prostie
+prosties
+prostyle
+prosy
+protamin
+protases
+protasis
+protatic
+protea
+protean
+proteans
+proteas
+protease
+protect
+protects
+protege
+protegee
+proteges
+protei
+proteid
+proteide
+proteids
+protein
+proteins
+protend
+protends
+proteose
+protest
+protests
+proteus
+protist
+protists
+protium
+protiums
+protocol
+proton
+protonic
+protons
+protopod
+protoxid
+protozoa
+protract
+protrude
+protyl
+protyle
+protyles
+protyls
+proud
+prouder
+proudest
+proudful
+proudly
+prounion
+provable
+provably
+prove
+proved
+proven
+provenly
+prover
+proverb
+proverbs
+provers
+proves
+provide
+provided
+provider
+provides
+province
+proving
+proviral
+provirus
+proviso
+provisos
+provoke
+provoked
+provoker
+provokes
+provost
+provosts
+prow
+prowar
+prower
+prowess
+prowest
+prowl
+prowled
+prowler
+prowlers
+prowling
+prowls
+prows
+proxemic
+proxies
+proximal
+proximo
+proxy
+prude
+prudence
+prudent
+prudery
+prudes
+prudish
+pruinose
+prunable
+prune
+pruned
+prunella
+prunelle
+prunello
+pruner
+pruners
+prunes
+pruning
+prunus
+prunuses
+prurient
+prurigo
+prurigos
+pruritic
+pruritus
+prussic
+pruta
+prutah
+prutot
+prutoth
+pry
+pryer
+pryers
+prying
+pryingly
+prythee
+psalm
+psalmed
+psalmic
+psalming
+psalmist
+psalmody
+psalms
+psalter
+psalters
+psaltery
+psaltry
+psammite
+psammon
+psammons
+pschent
+pschents
+psephite
+pseud
+pseudo
+pseudos
+pseuds
+pshaw
+pshawed
+pshawing
+pshaws
+psi
+psilocin
+psiloses
+psilosis
+psilotic
+psis
+psoae
+psoai
+psoas
+psoatic
+psocid
+psocids
+psoralea
+psoralen
+psst
+psych
+psyche
+psyched
+psyches
+psychic
+psychics
+psyching
+psycho
+psychos
+psychs
+psylla
+psyllas
+psyllid
+psyllids
+psyllium
+psywar
+psywars
+pterin
+pterins
+pteropod
+pterygia
+pteryla
+pterylae
+ptisan
+ptisans
+ptomain
+ptomaine
+ptomains
+ptoses
+ptosis
+ptotic
+ptyalin
+ptyalins
+ptyalism
+pub
+puberal
+pubertal
+puberty
+pubes
+pubic
+pubis
+public
+publican
+publicly
+publics
+publish
+pubs
+puccoon
+puccoons
+puce
+puces
+puck
+pucka
+pucker
+puckered
+puckerer
+puckers
+puckery
+puckish
+pucks
+pud
+pudding
+puddings
+puddle
+puddled
+puddler
+puddlers
+puddles
+puddlier
+puddling
+puddly
+pudency
+pudenda
+pudendal
+pudendum
+pudgier
+pudgiest
+pudgily
+pudgy
+pudibund
+pudic
+puds
+pueblo
+pueblos
+puerile
+puff
+puffball
+puffed
+puffer
+puffers
+puffery
+puffier
+puffiest
+puffily
+puffin
+puffing
+puffins
+puffs
+puffy
+pug
+pugaree
+pugarees
+puggaree
+pugged
+puggier
+puggiest
+pugging
+puggish
+puggree
+puggrees
+puggries
+puggry
+puggy
+pugh
+pugilism
+pugilist
+pugmark
+pugmarks
+pugree
+pugrees
+pugs
+puisne
+puisnes
+puissant
+puja
+pujah
+pujahs
+pujas
+puke
+puked
+pukes
+puking
+pukka
+pul
+pula
+pule
+puled
+puler
+pulers
+pules
+puli
+pulicene
+pulicide
+pulik
+puling
+pulingly
+pulings
+pulis
+pull
+pullback
+pulled
+puller
+pullers
+pullet
+pullets
+pulley
+pulleys
+pulling
+pullman
+pullmans
+pullout
+pullouts
+pullover
+pulls
+pullup
+pullups
+pulmonic
+pulmotor
+pulp
+pulpal
+pulpally
+pulped
+pulper
+pulpers
+pulpier
+pulpiest
+pulpily
+pulping
+pulpit
+pulpital
+pulpits
+pulpless
+pulpous
+pulps
+pulpwood
+pulpy
+pulque
+pulques
+puls
+pulsant
+pulsar
+pulsars
+pulsate
+pulsated
+pulsates
+pulsator
+pulse
+pulsed
+pulsejet
+pulser
+pulsers
+pulses
+pulsing
+pulsion
+pulsions
+pulsojet
+pulvilli
+pulvinar
+pulvini
+pulvinus
+puma
+pumas
+pumelo
+pumelos
+pumice
+pumiced
+pumicer
+pumicers
+pumices
+pumicing
+pumicite
+pummel
+pummeled
+pummelo
+pummelos
+pummels
+pump
+pumped
+pumper
+pumpers
+pumping
+pumpkin
+pumpkins
+pumpless
+pumplike
+pumps
+pun
+puna
+punas
+punch
+punched
+puncheon
+puncher
+punchers
+punches
+punchier
+punchily
+punching
+punchy
+punctate
+punctual
+puncture
+pundit
+punditic
+punditry
+pundits
+pung
+pungency
+pungent
+pungle
+pungled
+pungles
+pungling
+pungs
+punier
+puniest
+punily
+puniness
+punish
+punished
+punisher
+punishes
+punition
+punitive
+punitory
+punk
+punka
+punkah
+punkahs
+punkas
+punker
+punkers
+punkest
+punkey
+punkeys
+punkie
+punkier
+punkies
+punkiest
+punkin
+punkins
+punkish
+punks
+punky
+punned
+punner
+punners
+punnet
+punnets
+punnier
+punniest
+punning
+punny
+puns
+punster
+punsters
+punt
+punted
+punter
+punters
+punties
+punting
+punto
+puntos
+punts
+punty
+puny
+pup
+pupa
+pupae
+pupal
+puparia
+puparial
+puparium
+pupas
+pupate
+pupated
+pupates
+pupating
+pupation
+pupfish
+pupil
+pupilage
+pupilar
+pupilary
+pupils
+pupped
+puppet
+puppetry
+puppets
+puppies
+pupping
+puppy
+puppydom
+puppyish
+pups
+pur
+purana
+puranas
+puranic
+purblind
+purchase
+purda
+purdah
+purdahs
+purdas
+pure
+purebred
+puree
+pureed
+pureeing
+purees
+purely
+pureness
+purer
+purest
+purfle
+purfled
+purfles
+purfling
+purge
+purged
+purger
+purgers
+purges
+purging
+purgings
+puri
+purified
+purifier
+purifies
+purify
+purin
+purine
+purines
+purins
+puris
+purism
+purisms
+purist
+puristic
+purists
+puritan
+puritans
+purities
+purity
+purl
+purled
+purlieu
+purlieus
+purlin
+purline
+purlines
+purling
+purlins
+purloin
+purloins
+purls
+purple
+purpled
+purpler
+purples
+purplest
+purpling
+purplish
+purply
+purport
+purports
+purpose
+purposed
+purposes
+purpura
+purpuras
+purpure
+purpures
+purpuric
+purpurin
+purr
+purred
+purring
+purrs
+purs
+purse
+pursed
+purser
+pursers
+purses
+pursier
+pursiest
+pursily
+pursing
+purslane
+pursuant
+pursue
+pursued
+pursuer
+pursuers
+pursues
+pursuing
+pursuit
+pursuits
+pursy
+purulent
+purvey
+purveyed
+purveyor
+purveys
+purview
+purviews
+pus
+puses
+push
+pushball
+pushcart
+pushdown
+pushed
+pusher
+pushers
+pushes
+pushful
+pushier
+pushiest
+pushily
+pushing
+pushover
+pushpin
+pushpins
+pushrod
+pushrods
+pushup
+pushups
+pushy
+pusley
+pusleys
+puslike
+puss
+pusses
+pussier
+pussies
+pussiest
+pussley
+pussleys
+pusslies
+pusslike
+pussly
+pussy
+pussycat
+pustular
+pustule
+pustuled
+pustules
+put
+putamen
+putamina
+putative
+putlog
+putlogs
+putoff
+putoffs
+puton
+putons
+putout
+putouts
+putrefy
+putrid
+putridly
+puts
+putsch
+putsches
+putt
+putted
+puttee
+puttees
+putter
+puttered
+putterer
+putters
+putti
+puttied
+puttier
+puttiers
+putties
+putting
+putto
+putts
+putty
+puttying
+putz
+putzed
+putzes
+putzing
+puzzle
+puzzled
+puzzler
+puzzlers
+puzzles
+puzzling
+pya
+pyaemia
+pyaemias
+pyaemic
+pyas
+pycnidia
+pycnoses
+pycnosis
+pycnotic
+pye
+pyelitic
+pyelitis
+pyemia
+pyemias
+pyemic
+pyes
+pygidia
+pygidial
+pygidium
+pygmaean
+pygmean
+pygmies
+pygmoid
+pygmy
+pygmyish
+pygmyism
+pyic
+pyin
+pyins
+pyjamas
+pyknic
+pyknics
+pyknoses
+pyknosis
+pyknotic
+pylon
+pylons
+pylori
+pyloric
+pylorus
+pyoderma
+pyogenic
+pyoid
+pyorrhea
+pyoses
+pyosis
+pyralid
+pyralids
+pyramid
+pyramids
+pyran
+pyranoid
+pyranose
+pyrans
+pyre
+pyrene
+pyrenes
+pyrenoid
+pyres
+pyretic
+pyrexia
+pyrexial
+pyrexias
+pyrexic
+pyric
+pyridic
+pyridine
+pyriform
+pyrite
+pyrites
+pyritic
+pyritous
+pyrogen
+pyrogens
+pyrola
+pyrolas
+pyrolize
+pyrology
+pyrolyze
+pyrone
+pyrones
+pyronine
+pyrope
+pyropes
+pyrosis
+pyrostat
+pyroxene
+pyrrhic
+pyrrhics
+pyrrol
+pyrrole
+pyrroles
+pyrrolic
+pyrrols
+pyruvate
+python
+pythonic
+pythons
+pyuria
+pyurias
+pyx
+pyxes
+pyxides
+pyxidia
+pyxidium
+pyxie
+pyxies
+pyxis
+qaid
+qaids
+qanat
+qanats
+qat
+qats
+qindar
+qindarka
+qindars
+qintar
+qintars
+qiviut
+qiviuts
+qoph
+qophs
+qua
+quaalude
+quack
+quacked
+quackery
+quacking
+quackish
+quackism
+quacks
+quad
+quadded
+quadding
+quadplex
+quadrans
+quadrant
+quadrat
+quadrate
+quadrats
+quadric
+quadrics
+quadriga
+quadroon
+quads
+quaere
+quaeres
+quaestor
+quaff
+quaffed
+quaffer
+quaffers
+quaffing
+quaffs
+quag
+quagga
+quaggas
+quaggier
+quaggy
+quagmire
+quagmiry
+quags
+quahaug
+quahaugs
+quahog
+quahogs
+quai
+quaich
+quaiches
+quaichs
+quaigh
+quaighs
+quail
+quailed
+quailing
+quails
+quaint
+quainter
+quaintly
+quais
+quake
+quaked
+quaker
+quakers
+quakes
+quakier
+quakiest
+quakily
+quaking
+quaky
+quale
+qualia
+qualify
+quality
+qualm
+qualmier
+qualmish
+qualms
+qualmy
+quamash
+quandang
+quandary
+quandong
+quango
+quangos
+quant
+quanta
+quantal
+quanted
+quantic
+quantics
+quantify
+quantile
+quanting
+quantity
+quantize
+quantong
+quants
+quantum
+quare
+quark
+quarks
+quarrel
+quarrels
+quarried
+quarrier
+quarries
+quarry
+quart
+quartan
+quartans
+quarte
+quarter
+quartern
+quarters
+quartes
+quartet
+quartets
+quartic
+quartics
+quartile
+quarto
+quartos
+quarts
+quartz
+quartzes
+quasar
+quasars
+quash
+quashed
+quasher
+quashers
+quashes
+quashing
+quasi
+quass
+quasses
+quassia
+quassias
+quassin
+quassins
+quate
+quatorze
+quatrain
+quatre
+quatres
+quaver
+quavered
+quaverer
+quavers
+quavery
+quay
+quayage
+quayages
+quaylike
+quays
+quayside
+quean
+queans
+queasier
+queasily
+queasy
+queazier
+queazy
+queen
+queendom
+queened
+queening
+queenly
+queens
+queer
+queered
+queerer
+queerest
+queering
+queerish
+queerly
+queers
+quell
+quelled
+queller
+quellers
+quelling
+quells
+quench
+quenched
+quencher
+quenches
+quenelle
+quercine
+querida
+queridas
+queried
+querier
+queriers
+queries
+querist
+querists
+quern
+querns
+query
+querying
+quest
+quested
+quester
+questers
+questing
+question
+questor
+questors
+quests
+quetzal
+quetzals
+queue
+queued
+queueing
+queuer
+queuers
+queues
+queuing
+quey
+queys
+quezal
+quezales
+quezals
+quibble
+quibbled
+quibbler
+quibbles
+quiche
+quiches
+quick
+quicken
+quickens
+quicker
+quickest
+quickie
+quickies
+quickly
+quicks
+quickset
+quid
+quiddity
+quidnunc
+quids
+quiet
+quieted
+quieten
+quietens
+quieter
+quieters
+quietest
+quieting
+quietism
+quietist
+quietly
+quiets
+quietude
+quietus
+quiff
+quiffs
+quill
+quillai
+quillaia
+quillais
+quillaja
+quilled
+quillet
+quillets
+quilling
+quills
+quilt
+quilted
+quilter
+quilters
+quilting
+quilts
+quin
+quinary
+quinate
+quince
+quinces
+quincunx
+quinela
+quinelas
+quinella
+quinic
+quiniela
+quinin
+quinina
+quininas
+quinine
+quinines
+quinins
+quinnat
+quinnats
+quinoa
+quinoas
+quinoid
+quinoids
+quinol
+quinolin
+quinols
+quinone
+quinones
+quins
+quinsies
+quinsy
+quint
+quinta
+quintain
+quintal
+quintals
+quintan
+quintans
+quintar
+quintars
+quintas
+quinte
+quintes
+quintet
+quintets
+quintic
+quintics
+quintile
+quintin
+quintins
+quints
+quip
+quipped
+quipper
+quippers
+quipping
+quippish
+quippu
+quippus
+quips
+quipster
+quipu
+quipus
+quire
+quired
+quires
+quiring
+quirk
+quirked
+quirkier
+quirkily
+quirking
+quirkish
+quirks
+quirky
+quirt
+quirted
+quirting
+quirts
+quisling
+quit
+quitch
+quitches
+quite
+quitrent
+quits
+quitted
+quitter
+quitters
+quitting
+quittor
+quittors
+quiver
+quivered
+quiverer
+quivers
+quivery
+quixote
+quixotes
+quixotic
+quixotry
+quiz
+quizzed
+quizzer
+quizzers
+quizzes
+quizzing
+quod
+quods
+quohog
+quohogs
+quoin
+quoined
+quoining
+quoins
+quoit
+quoited
+quoiting
+quoits
+quokka
+quokkas
+quomodo
+quomodos
+quondam
+quorum
+quorums
+quota
+quotable
+quotably
+quotas
+quote
+quoted
+quoter
+quoters
+quotes
+quoth
+quotha
+quotient
+quoting
+qursh
+qurshes
+qurush
+qurushes
+qwerty
+qwertys
+rabat
+rabato
+rabatos
+rabats
+rabbet
+rabbeted
+rabbets
+rabbi
+rabbies
+rabbin
+rabbinic
+rabbins
+rabbis
+rabbit
+rabbited
+rabbiter
+rabbitry
+rabbits
+rabbity
+rabble
+rabbled
+rabbler
+rabblers
+rabbles
+rabbling
+rabboni
+rabbonis
+rabic
+rabid
+rabidity
+rabidly
+rabies
+rabietic
+raccoon
+raccoons
+race
+raced
+racemate
+raceme
+racemed
+racemes
+racemic
+racemism
+racemize
+racemoid
+racemose
+racemous
+racer
+racers
+races
+raceway
+raceways
+rachet
+rachets
+rachial
+rachides
+rachilla
+rachis
+rachises
+rachitic
+rachitis
+racial
+racially
+racier
+raciest
+racily
+raciness
+racing
+racings
+racism
+racisms
+racist
+racists
+rack
+racked
+racker
+rackers
+racket
+racketed
+rackets
+rackety
+rackful
+rackfuls
+racking
+rackle
+racks
+rackwork
+raclette
+racon
+racons
+racoon
+racoons
+racquet
+racquets
+racy
+rad
+radar
+radars
+radded
+radding
+raddle
+raddled
+raddles
+raddling
+radiable
+radial
+radiale
+radialia
+radially
+radials
+radian
+radiance
+radiancy
+radians
+radiant
+radiants
+radiate
+radiated
+radiates
+radiator
+radical
+radicals
+radicand
+radicate
+radicel
+radicels
+radices
+radicle
+radicles
+radii
+radio
+radioed
+radioing
+radioman
+radiomen
+radios
+radish
+radishes
+radium
+radiums
+radius
+radiuses
+radix
+radixes
+radome
+radomes
+radon
+radons
+rads
+radula
+radulae
+radular
+radulas
+radwaste
+raff
+raffia
+raffias
+raffish
+raffle
+raffled
+raffler
+rafflers
+raffles
+raffling
+raffs
+raft
+rafted
+rafter
+raftered
+rafters
+rafting
+rafts
+raftsman
+raftsmen
+rag
+raga
+ragas
+ragbag
+ragbags
+rage
+raged
+ragee
+ragees
+rages
+ragged
+raggeder
+raggedly
+raggedy
+raggee
+raggees
+raggies
+ragging
+raggle
+raggles
+raggy
+ragi
+raging
+ragingly
+ragis
+raglan
+raglans
+ragman
+ragmen
+ragout
+ragouted
+ragouts
+rags
+ragtag
+ragtags
+ragtime
+ragtimes
+ragtop
+ragtops
+ragweed
+ragweeds
+ragwort
+ragworts
+rah
+raia
+raias
+raid
+raided
+raider
+raiders
+raiding
+raids
+rail
+railbird
+railbus
+railcar
+railcars
+railed
+railer
+railers
+railhead
+railing
+railings
+raillery
+railroad
+rails
+railway
+railways
+raiment
+raiments
+rain
+rainband
+rainbird
+rainbow
+rainbows
+raincoat
+raindrop
+rained
+rainfall
+rainier
+rainiest
+rainily
+raining
+rainless
+rainout
+rainouts
+rains
+rainwash
+rainwear
+rainy
+raisable
+raise
+raised
+raiser
+raisers
+raises
+raisin
+raising
+raisings
+raisins
+raisiny
+raisonne
+raj
+raja
+rajah
+rajahs
+rajas
+rajes
+rake
+raked
+rakee
+rakees
+rakehell
+rakeoff
+rakeoffs
+raker
+rakers
+rakes
+raki
+raking
+rakis
+rakish
+rakishly
+rale
+rales
+rallied
+rallier
+ralliers
+rallies
+ralline
+rally
+rallye
+rallyes
+rallying
+rallyist
+ralph
+ralphed
+ralphing
+ralphs
+ram
+ramate
+ramble
+rambled
+rambler
+ramblers
+rambles
+rambling
+rambutan
+ramee
+ramees
+ramekin
+ramekins
+ramenta
+ramentum
+ramequin
+ramet
+ramets
+rami
+ramie
+ramies
+ramified
+ramifies
+ramiform
+ramify
+ramilie
+ramilies
+ramillie
+ramjet
+ramjets
+rammed
+rammer
+rammers
+rammier
+rammiest
+ramming
+rammish
+rammy
+ramose
+ramosely
+ramosity
+ramous
+ramp
+rampage
+rampaged
+rampager
+rampages
+rampancy
+rampant
+rampart
+ramparts
+ramped
+rampike
+rampikes
+ramping
+rampion
+rampions
+rampole
+rampoles
+ramps
+ramrod
+ramrods
+rams
+ramshorn
+ramson
+ramsons
+ramtil
+ramtils
+ramulose
+ramulous
+ramus
+ran
+rance
+rances
+ranch
+ranched
+rancher
+ranchero
+ranchers
+ranches
+ranching
+ranchman
+ranchmen
+rancho
+ranchos
+rancid
+rancidly
+rancor
+rancored
+rancors
+rancour
+rancours
+rand
+randan
+randans
+randier
+randies
+randiest
+random
+randomly
+randoms
+rands
+randy
+ranee
+ranees
+rang
+range
+ranged
+ranger
+rangers
+ranges
+rangier
+rangiest
+ranging
+rangy
+rani
+ranid
+ranids
+ranis
+rank
+ranked
+ranker
+rankers
+rankest
+ranking
+rankings
+rankish
+rankle
+rankled
+rankles
+rankling
+rankly
+rankness
+ranks
+ranpike
+ranpikes
+ransack
+ransacks
+ransom
+ransomed
+ransomer
+ransoms
+rant
+ranted
+ranter
+ranters
+ranting
+rants
+ranula
+ranulas
+rap
+rapacity
+rape
+raped
+raper
+rapers
+rapes
+rapeseed
+raphae
+raphe
+raphes
+raphia
+raphias
+raphide
+raphides
+raphis
+rapid
+rapider
+rapidest
+rapidity
+rapidly
+rapids
+rapier
+rapiered
+rapiers
+rapine
+rapines
+raping
+rapini
+rapist
+rapists
+rapparee
+rapped
+rappee
+rappees
+rappel
+rappeled
+rappels
+rappen
+rapper
+rappers
+rapping
+rappini
+rapport
+rapports
+raps
+rapt
+raptly
+raptness
+raptor
+raptors
+rapture
+raptured
+raptures
+rare
+rarebit
+rarebits
+rared
+rarefied
+rarefier
+rarefies
+rarefy
+rarely
+rareness
+rarer
+rareripe
+rares
+rarest
+rarified
+rarifies
+rarify
+raring
+rarities
+rarity
+ras
+rasbora
+rasboras
+rascal
+rascally
+rascals
+rase
+rased
+raser
+rasers
+rases
+rash
+rasher
+rashers
+rashes
+rashest
+rashlike
+rashly
+rashness
+rasing
+rasorial
+rasp
+rasped
+rasper
+raspers
+raspier
+raspiest
+rasping
+raspish
+rasps
+raspy
+rassle
+rassled
+rassles
+rassling
+raster
+rasters
+rasure
+rasures
+rat
+ratable
+ratably
+ratafee
+ratafees
+ratafia
+ratafias
+ratal
+ratals
+ratan
+ratanies
+ratans
+ratany
+rataplan
+ratatat
+ratatats
+ratbag
+ratbags
+ratch
+ratches
+ratchet
+ratchets
+rate
+rateable
+rateably
+rated
+ratel
+ratels
+rater
+raters
+rates
+ratfink
+ratfinks
+ratfish
+rath
+rathe
+rather
+rathole
+ratholes
+raticide
+ratified
+ratifier
+ratifies
+ratify
+ratine
+ratines
+rating
+ratings
+ratio
+ration
+rational
+rationed
+rations
+ratios
+ratite
+ratites
+ratlike
+ratlin
+ratline
+ratlines
+ratlins
+rato
+ratoon
+ratooned
+ratooner
+ratoons
+ratos
+rats
+ratsbane
+rattail
+rattails
+rattan
+rattans
+ratted
+ratteen
+ratteens
+ratten
+rattened
+rattener
+rattens
+ratter
+ratters
+rattier
+rattiest
+ratting
+rattish
+rattle
+rattled
+rattler
+rattlers
+rattles
+rattling
+rattly
+ratton
+rattons
+rattoon
+rattoons
+rattrap
+rattraps
+ratty
+raucity
+raucous
+raunch
+raunches
+raunchy
+ravage
+ravaged
+ravager
+ravagers
+ravages
+ravaging
+rave
+raved
+ravel
+raveled
+raveler
+ravelers
+ravelin
+raveling
+ravelins
+ravelled
+raveller
+ravelly
+ravels
+raven
+ravened
+ravener
+raveners
+ravening
+ravenous
+ravens
+raver
+ravers
+raves
+ravigote
+ravin
+ravine
+ravined
+ravines
+raving
+ravingly
+ravings
+ravining
+ravins
+ravioli
+raviolis
+ravish
+ravished
+ravisher
+ravishes
+raw
+rawboned
+rawer
+rawest
+rawhide
+rawhided
+rawhides
+rawin
+rawins
+rawish
+rawly
+rawness
+raws
+rax
+raxed
+raxes
+raxing
+ray
+raya
+rayah
+rayahs
+rayas
+rayed
+raygrass
+raying
+rayless
+raylike
+rayon
+rayons
+rays
+raze
+razed
+razee
+razeed
+razeeing
+razees
+razer
+razers
+razes
+razing
+razor
+razored
+razoring
+razors
+razz
+razzed
+razzes
+razzing
+re
+reabsorb
+reaccede
+reaccent
+reaccept
+reaccuse
+reach
+reached
+reacher
+reachers
+reaches
+reaching
+react
+reactant
+reacted
+reacting
+reaction
+reactive
+reactor
+reactors
+reacts
+read
+readable
+readably
+readapt
+readapts
+readd
+readded
+readdict
+readding
+readds
+reader
+readerly
+readers
+readied
+readier
+readies
+readiest
+readily
+reading
+readings
+readjust
+readmit
+readmits
+readopt
+readopts
+readorn
+readorns
+readout
+readouts
+reads
+ready
+readying
+reaffirm
+reaffix
+reagent
+reagents
+reagin
+reaginic
+reagins
+real
+realer
+reales
+realest
+realgar
+realgars
+realia
+realign
+realigns
+realise
+realised
+realiser
+realises
+realism
+realisms
+realist
+realists
+reality
+realize
+realized
+realizer
+realizes
+reallot
+reallots
+really
+realm
+realms
+realness
+reals
+realter
+realters
+realties
+realty
+ream
+reamed
+reamer
+reamers
+reaming
+reams
+reannex
+reanoint
+reap
+reapable
+reaped
+reaper
+reapers
+reaphook
+reaping
+reappear
+reapply
+reaps
+rear
+reared
+rearer
+rearers
+reargue
+reargued
+reargues
+rearing
+rearm
+rearmed
+rearmice
+rearming
+rearmost
+rearms
+rearouse
+rearrest
+rears
+rearward
+reascend
+reascent
+reason
+reasoned
+reasoner
+reasons
+reassail
+reassert
+reassess
+reassign
+reassort
+reassume
+reassure
+reata
+reatas
+reattach
+reattack
+reattain
+reavail
+reavails
+reave
+reaved
+reaver
+reavers
+reaves
+reaving
+reavow
+reavowed
+reavows
+reawake
+reawaked
+reawaken
+reawakes
+reawoke
+reawoken
+reb
+rebait
+rebaited
+rebaits
+rebar
+rebars
+rebate
+rebated
+rebater
+rebaters
+rebates
+rebating
+rebato
+rebatos
+rebbe
+rebbes
+rebec
+rebeck
+rebecks
+rebecs
+rebegan
+rebegin
+rebegins
+rebegun
+rebel
+rebeldom
+rebelled
+rebels
+rebid
+rebidden
+rebids
+rebill
+rebilled
+rebills
+rebind
+rebinds
+rebirth
+rebirths
+reblend
+reblends
+rebloom
+reblooms
+reboant
+reboard
+reboards
+rebodied
+rebodies
+rebody
+reboil
+reboiled
+reboils
+rebook
+rebooked
+rebooks
+reboot
+rebooted
+reboots
+rebop
+rebops
+rebore
+rebored
+rebores
+reboring
+reborn
+rebottle
+rebought
+rebound
+rebounds
+rebozo
+rebozos
+rebranch
+rebred
+rebreed
+rebreeds
+rebs
+rebuff
+rebuffed
+rebuffs
+rebuild
+rebuilds
+rebuilt
+rebuke
+rebuked
+rebuker
+rebukers
+rebukes
+rebuking
+reburial
+reburied
+reburies
+rebury
+rebus
+rebuses
+rebut
+rebuts
+rebuttal
+rebutted
+rebutter
+rebutton
+rebuy
+rebuying
+rebuys
+rec
+recall
+recalled
+recaller
+recalls
+recamier
+recane
+recaned
+recanes
+recaning
+recant
+recanted
+recanter
+recants
+recap
+recapped
+recaps
+recarry
+recast
+recasts
+recce
+recces
+recede
+receded
+recedes
+receding
+receipt
+receipts
+receive
+received
+receiver
+receives
+recency
+recent
+recenter
+recently
+recept
+receptor
+recepts
+recess
+recessed
+recesses
+rechange
+recharge
+rechart
+recharts
+recheat
+recheats
+recheck
+rechecks
+rechew
+rechewed
+rechews
+rechoose
+rechose
+rechosen
+recipe
+recipes
+recircle
+recision
+recital
+recitals
+recite
+recited
+reciter
+reciters
+recites
+reciting
+reck
+recked
+recking
+reckless
+reckon
+reckoned
+reckoner
+reckons
+recks
+reclad
+reclaim
+reclaims
+reclame
+reclames
+reclasp
+reclasps
+reclean
+recleans
+recline
+reclined
+recliner
+reclines
+reclothe
+recluse
+recluses
+recoal
+recoaled
+recoals
+recock
+recocked
+recocks
+recode
+recoded
+recodes
+recodify
+recoding
+recoil
+recoiled
+recoiler
+recoils
+recoin
+recoined
+recoins
+recolor
+recolors
+recomb
+recombed
+recombs
+recommit
+recon
+recons
+reconvey
+recook
+recooked
+recooks
+recopied
+recopies
+recopy
+record
+recorded
+recorder
+records
+recork
+recorked
+recorks
+recount
+recounts
+recoup
+recoupe
+recouped
+recouple
+recoups
+recourse
+recover
+recovers
+recovery
+recrate
+recrated
+recrates
+recreant
+recreate
+recross
+recrown
+recrowns
+recruit
+recruits
+recs
+recta
+rectal
+rectally
+recti
+rectify
+recto
+rector
+rectors
+rectory
+rectos
+rectrix
+rectum
+rectums
+rectus
+recur
+recurred
+recurs
+recurve
+recurved
+recurves
+recusal
+recusals
+recusant
+recuse
+recused
+recuses
+recusing
+recut
+recuts
+recycle
+recycled
+recycler
+recycles
+red
+redact
+redacted
+redactor
+redacts
+redamage
+redan
+redans
+redargue
+redate
+redated
+redates
+redating
+redbait
+redbaits
+redbay
+redbays
+redbird
+redbirds
+redbone
+redbones
+redbrick
+redbud
+redbuds
+redbug
+redbugs
+redcap
+redcaps
+redcoat
+redcoats
+redd
+redded
+redden
+reddened
+reddens
+redder
+redders
+reddest
+redding
+reddish
+reddle
+reddled
+reddles
+reddling
+redds
+rede
+redear
+redears
+redecide
+reded
+redeem
+redeemed
+redeemer
+redeems
+redefeat
+redefect
+redefied
+redefies
+redefine
+redefy
+redemand
+redenied
+redenies
+redeny
+redeploy
+redes
+redesign
+redeye
+redeyes
+redfin
+redfins
+redfish
+redhead
+redheads
+redhorse
+redia
+rediae
+redial
+redialed
+redials
+redias
+redid
+redigest
+reding
+redip
+redipped
+redips
+redipt
+redirect
+redivide
+redleg
+redlegs
+redline
+redlined
+redlines
+redly
+redneck
+rednecks
+redness
+redo
+redock
+redocked
+redocks
+redoes
+redoing
+redolent
+redon
+redone
+redonned
+redons
+redos
+redouble
+redoubt
+redoubts
+redound
+redounds
+redout
+redouts
+redowa
+redowas
+redox
+redoxes
+redpoll
+redpolls
+redraft
+redrafts
+redraw
+redrawer
+redrawn
+redraws
+redream
+redreams
+redreamt
+redress
+redrew
+redried
+redries
+redrill
+redrills
+redrive
+redriven
+redrives
+redroot
+redroots
+redrove
+redry
+redrying
+reds
+redshank
+redshift
+redshirt
+redskin
+redskins
+redstart
+redtail
+redtails
+redtop
+redtops
+redub
+redubbed
+redubs
+reduce
+reduced
+reducer
+reducers
+reduces
+reducing
+reductor
+reduviid
+redux
+redware
+redwares
+redwing
+redwings
+redwood
+redwoods
+redye
+redyed
+redyeing
+redyes
+ree
+reearn
+reearned
+reearns
+reechier
+reecho
+reechoed
+reechoes
+reechy
+reed
+reedbird
+reedbuck
+reeded
+reedier
+reediest
+reedify
+reedily
+reeding
+reedings
+reedit
+reedited
+reedits
+reedlike
+reedling
+reedman
+reedmen
+reeds
+reedy
+reef
+reefable
+reefed
+reefer
+reefers
+reefier
+reefiest
+reefing
+reefs
+reefy
+reeject
+reejects
+reek
+reeked
+reeker
+reekers
+reekier
+reekiest
+reeking
+reeks
+reeky
+reel
+reelable
+reelect
+reelects
+reeled
+reeler
+reelers
+reeling
+reels
+reembark
+reembody
+reemerge
+reemit
+reemits
+reemploy
+reenact
+reenacts
+reendow
+reendows
+reengage
+reenjoy
+reenjoys
+reenlist
+reenroll
+reenter
+reenters
+reentry
+reequip
+reequips
+reerect
+reerects
+rees
+reest
+reested
+reesting
+reests
+reeve
+reeved
+reeves
+reeving
+reevoke
+reevoked
+reevokes
+reexpel
+reexpels
+reexport
+reexpose
+ref
+reface
+refaced
+refaces
+refacing
+refall
+refallen
+refalls
+refasten
+refect
+refected
+refects
+refed
+refeed
+refeeds
+refeel
+refeels
+refel
+refell
+refelled
+refels
+refelt
+refence
+refenced
+refences
+refer
+referee
+refereed
+referees
+referent
+referral
+referred
+referrer
+refers
+reffed
+reffing
+refight
+refights
+refigure
+refile
+refiled
+refiles
+refiling
+refill
+refilled
+refills
+refilm
+refilmed
+refilms
+refilter
+refind
+refinds
+refine
+refined
+refiner
+refiners
+refinery
+refines
+refining
+refinish
+refire
+refired
+refires
+refiring
+refit
+refits
+refitted
+refix
+refixed
+refixes
+refixing
+reflate
+reflated
+reflates
+reflect
+reflects
+reflet
+reflets
+reflew
+reflex
+reflexed
+reflexes
+reflexly
+reflies
+refloat
+refloats
+reflood
+refloods
+reflow
+reflowed
+reflower
+reflown
+reflows
+refluent
+reflux
+refluxed
+refluxes
+refly
+reflying
+refocus
+refold
+refolded
+refolds
+reforest
+reforge
+reforged
+reforges
+reform
+reformat
+reformed
+reformer
+reforms
+refought
+refound
+refounds
+refract
+refracts
+refrain
+refrains
+reframe
+reframed
+reframes
+refreeze
+refresh
+refried
+refries
+refront
+refronts
+refroze
+refrozen
+refry
+refrying
+refs
+reft
+refuel
+refueled
+refuels
+refuge
+refuged
+refugee
+refugees
+refuges
+refugia
+refuging
+refugium
+refund
+refunded
+refunder
+refunds
+refusal
+refusals
+refuse
+refused
+refuser
+refusers
+refuses
+refusing
+refusnik
+refutal
+refutals
+refute
+refuted
+refuter
+refuters
+refutes
+refuting
+reg
+regain
+regained
+regainer
+regains
+regal
+regale
+regaled
+regaler
+regalers
+regales
+regalia
+regaling
+regality
+regally
+regard
+regarded
+regards
+regather
+regatta
+regattas
+regauge
+regauged
+regauges
+regave
+regear
+regeared
+regears
+regelate
+regency
+regent
+regental
+regents
+reges
+reggae
+reggaes
+regicide
+regild
+regilded
+regilds
+regilt
+regime
+regimen
+regimens
+regiment
+regimes
+regina
+reginae
+reginal
+reginas
+region
+regional
+regions
+register
+registry
+regius
+regive
+regiven
+regives
+regiving
+reglaze
+reglazed
+reglazes
+reglet
+reglets
+regloss
+reglow
+reglowed
+reglows
+reglue
+reglued
+reglues
+regluing
+regma
+regmata
+regna
+regnal
+regnancy
+regnant
+regnum
+regolith
+regorge
+regorged
+regorges
+regosol
+regosols
+regrade
+regraded
+regrades
+regraft
+regrafts
+regrant
+regrants
+regrate
+regrated
+regrates
+regreen
+regreens
+regreet
+regreets
+regress
+regret
+regrets
+regrew
+regrind
+regrinds
+regroom
+regrooms
+regroove
+reground
+regroup
+regroups
+regrow
+regrown
+regrows
+regrowth
+regs
+regular
+regulars
+regulate
+reguli
+reguline
+regulus
+rehab
+rehabbed
+rehabber
+rehabs
+rehammer
+rehandle
+rehang
+rehanged
+rehangs
+reharden
+rehash
+rehashed
+rehashes
+rehear
+reheard
+rehears
+rehearse
+reheat
+reheated
+reheater
+reheats
+reheel
+reheeled
+reheels
+rehem
+rehemmed
+rehems
+rehinge
+rehinged
+rehinges
+rehire
+rehired
+rehires
+rehiring
+rehoboam
+rehouse
+rehoused
+rehouses
+rehung
+rei
+reif
+reified
+reifier
+reifiers
+reifies
+reifs
+reify
+reifying
+reign
+reigned
+reigning
+reignite
+reigns
+reimage
+reimaged
+reimages
+reimport
+reimpose
+rein
+reincite
+reincur
+reincurs
+reindeer
+reindex
+reindict
+reinduce
+reinduct
+reined
+reinfect
+reinform
+reinfuse
+reining
+reinject
+reinjure
+reinjury
+reink
+reinked
+reinking
+reinks
+reinless
+reins
+reinsert
+reinsman
+reinsmen
+reinsure
+reinter
+reinters
+reinvade
+reinvent
+reinvest
+reinvite
+reinvoke
+reis
+reissue
+reissued
+reissuer
+reissues
+reitbok
+reitboks
+reive
+reived
+reiver
+reivers
+reives
+reiving
+rejacket
+reject
+rejected
+rejectee
+rejecter
+rejector
+rejects
+rejigger
+rejoice
+rejoiced
+rejoicer
+rejoices
+rejoin
+rejoined
+rejoins
+rejudge
+rejudged
+rejudges
+rejuggle
+rekey
+rekeyed
+rekeying
+rekeys
+rekindle
+reknit
+reknits
+relabel
+relabels
+relace
+relaced
+relaces
+relacing
+relaid
+relapse
+relapsed
+relapser
+relapses
+relate
+related
+relater
+relaters
+relates
+relating
+relation
+relative
+relator
+relators
+relaunch
+relax
+relaxant
+relaxed
+relaxer
+relaxers
+relaxes
+relaxin
+relaxing
+relaxins
+relay
+relayed
+relaying
+relays
+relearn
+relearns
+relearnt
+release
+released
+releaser
+releases
+relegate
+relend
+relends
+relent
+relented
+relents
+relet
+relets
+reletter
+relevant
+releve
+releves
+reliable
+reliably
+reliance
+reliant
+relic
+relics
+relict
+relicts
+relied
+relief
+reliefs
+relier
+reliers
+relies
+relieve
+relieved
+reliever
+relieves
+relievo
+relievos
+relight
+relights
+religion
+reline
+relined
+relines
+relining
+relink
+relinked
+relinks
+relique
+reliques
+relish
+relished
+relishes
+relist
+relisted
+relists
+relit
+relive
+relived
+relives
+reliving
+reload
+reloaded
+reloader
+reloads
+reloan
+reloaned
+reloans
+relocate
+relock
+relocked
+relocks
+relook
+relooked
+relooks
+relucent
+reluct
+relucted
+relucts
+relume
+relumed
+relumes
+relumine
+reluming
+rely
+relying
+rem
+remade
+remail
+remailed
+remails
+remain
+remained
+remains
+remake
+remaker
+remakers
+remakes
+remaking
+reman
+remand
+remanded
+remands
+remanent
+remanned
+remans
+remap
+remapped
+remaps
+remark
+remarked
+remarker
+remarket
+remarks
+remarque
+remarry
+remaster
+rematch
+remate
+remated
+remates
+remating
+remedial
+remedied
+remedies
+remedy
+remeet
+remeets
+remelt
+remelted
+remelts
+remember
+remend
+remended
+remends
+remerge
+remerged
+remerges
+remet
+remex
+remiges
+remigial
+remind
+reminded
+reminder
+reminds
+remint
+reminted
+remints
+remise
+remised
+remises
+remising
+remiss
+remissly
+remit
+remits
+remittal
+remitted
+remitter
+remittor
+remix
+remixed
+remixes
+remixing
+remixt
+remnant
+remnants
+remodel
+remodels
+remodify
+remolade
+remold
+remolded
+remolds
+remora
+remoras
+remorid
+remorse
+remorses
+remote
+remotely
+remoter
+remotes
+remotest
+remotion
+remount
+remounts
+removal
+removals
+remove
+removed
+remover
+removers
+removes
+removing
+rems
+remuda
+remudas
+renail
+renailed
+renails
+renal
+rename
+renamed
+renames
+renaming
+renature
+rend
+rended
+render
+rendered
+renderer
+renders
+rendible
+rending
+rends
+rendzina
+renegade
+renegado
+renege
+reneged
+reneger
+renegers
+reneges
+reneging
+renest
+renested
+renests
+renew
+renewal
+renewals
+renewed
+renewer
+renewers
+renewing
+renews
+reniform
+renig
+renigged
+renigs
+renin
+renins
+renitent
+renminbi
+rennase
+rennases
+rennet
+rennets
+rennin
+rennins
+renogram
+renotify
+renounce
+renovate
+renown
+renowned
+renowns
+rent
+rentable
+rental
+rentals
+rente
+rented
+renter
+renters
+rentes
+rentier
+rentiers
+renting
+rents
+renumber
+renvoi
+renvois
+reobject
+reobtain
+reoccupy
+reoccur
+reoccurs
+reoffer
+reoffers
+reoil
+reoiled
+reoiling
+reoils
+reopen
+reopened
+reopens
+reoppose
+reordain
+reorder
+reorders
+reorient
+reoutfit
+reovirus
+rep
+repacify
+repack
+repacked
+repacks
+repaid
+repaint
+repaints
+repair
+repaired
+repairer
+repairs
+repand
+repandly
+repanel
+repanels
+repaper
+repapers
+repark
+reparked
+reparks
+repartee
+repass
+repassed
+repasses
+repast
+repasted
+repasts
+repatch
+repave
+repaved
+repaves
+repaving
+repay
+repaying
+repays
+repeal
+repealed
+repealer
+repeals
+repeat
+repeated
+repeater
+repeats
+repeg
+repegged
+repegs
+repel
+repelled
+repeller
+repels
+repent
+repented
+repenter
+repents
+repeople
+reperk
+reperked
+reperks
+repetend
+rephrase
+repin
+repine
+repined
+repiner
+repiners
+repines
+repining
+repinned
+repins
+replace
+replaced
+replacer
+replaces
+replan
+replans
+replant
+replants
+replate
+replated
+replates
+replay
+replayed
+replays
+replead
+repleads
+repled
+repledge
+replete
+replevin
+replevy
+replica
+replicas
+replicon
+replied
+replier
+repliers
+replies
+replot
+replots
+replumb
+replumbs
+replunge
+reply
+replying
+repo
+repolish
+repoll
+repolled
+repolls
+report
+reported
+reporter
+reports
+repos
+reposal
+reposals
+repose
+reposed
+reposer
+reposers
+reposes
+reposing
+reposit
+reposits
+repot
+repots
+repotted
+repour
+repoured
+repours
+repousse
+repower
+repowers
+repp
+repped
+repps
+repress
+reprice
+repriced
+reprices
+reprieve
+reprint
+reprints
+reprisal
+reprise
+reprised
+reprises
+repro
+reproach
+reprobe
+reprobed
+reprobes
+reproof
+reproofs
+repros
+reproval
+reprove
+reproved
+reprover
+reproves
+reps
+reptant
+reptile
+reptiles
+reptilia
+republic
+repugn
+repugned
+repugns
+repulse
+repulsed
+repulser
+repulses
+repump
+repumped
+repumps
+repurify
+repursue
+repute
+reputed
+reputes
+reputing
+request
+requests
+requiem
+requiems
+requin
+requins
+require
+required
+requirer
+requires
+requital
+requite
+requited
+requiter
+requites
+rerack
+reracked
+reracks
+reraise
+reraised
+reraises
+reran
+reread
+rereads
+rerecord
+reredos
+reremice
+reremind
+rerepeat
+rereview
+rereward
+rerig
+rerigged
+rerigs
+rerise
+rerisen
+rerises
+rerising
+reroll
+rerolled
+reroller
+rerolls
+reroof
+reroofed
+reroofs
+rerose
+reroute
+rerouted
+reroutes
+rerun
+reruns
+res
+resaddle
+resaid
+resail
+resailed
+resails
+resale
+resales
+resalute
+resample
+resaw
+resawed
+resawing
+resawn
+resaws
+resay
+resaying
+resays
+rescale
+rescaled
+rescales
+reschool
+rescind
+rescinds
+rescore
+rescored
+rescores
+rescreen
+rescript
+rescue
+rescued
+rescuer
+rescuers
+rescues
+rescuing
+resculpt
+reseal
+resealed
+reseals
+research
+reseason
+reseat
+reseated
+reseats
+reseau
+reseaus
+reseaux
+resect
+resected
+resects
+resecure
+reseda
+resedas
+resee
+reseed
+reseeded
+reseeds
+reseeing
+reseek
+reseeks
+reseen
+resees
+reseize
+reseized
+reseizes
+resell
+reseller
+resells
+resemble
+resend
+resends
+resent
+resented
+resents
+reserve
+reserved
+reserver
+reserves
+reset
+resets
+resetter
+resettle
+resew
+resewed
+resewing
+resewn
+resews
+resh
+reshape
+reshaped
+reshaper
+reshapes
+reshave
+reshaved
+reshaven
+reshaves
+reshes
+reshine
+reshined
+reshines
+reship
+reships
+reshod
+reshoe
+reshoes
+reshone
+reshoot
+reshoots
+reshot
+reshow
+reshowed
+reshown
+reshows
+resid
+reside
+resided
+resident
+resider
+residers
+resides
+residing
+resids
+residua
+residual
+residue
+residues
+residuum
+resift
+resifted
+resifts
+resight
+resights
+resign
+resigned
+resigner
+resigns
+resile
+resiled
+resiles
+resiling
+resilver
+resin
+resinate
+resined
+resinify
+resining
+resinoid
+resinous
+resins
+resiny
+resist
+resisted
+resister
+resistor
+resists
+resite
+resited
+resites
+resiting
+resize
+resized
+resizes
+resizing
+resketch
+reslate
+reslated
+reslates
+resmelt
+resmelts
+resmooth
+resoak
+resoaked
+resoaks
+resod
+resodded
+resods
+resojet
+resojets
+resold
+resolder
+resole
+resoled
+resoles
+resoling
+resolute
+resolve
+resolved
+resolver
+resolves
+resonant
+resonate
+resorb
+resorbed
+resorbs
+resorcin
+resort
+resorted
+resorter
+resorts
+resought
+resound
+resounds
+resource
+resow
+resowed
+resowing
+resown
+resows
+respace
+respaced
+respaces
+respade
+respaded
+respades
+respeak
+respeaks
+respect
+respects
+respell
+respells
+respelt
+respire
+respired
+respires
+respite
+respited
+respites
+resplice
+resplit
+resplits
+respoke
+respoken
+respond
+responds
+responsa
+response
+respot
+respots
+resprang
+respray
+resprays
+respread
+respring
+resprout
+resprung
+rest
+restack
+restacks
+restaff
+restaffs
+restage
+restaged
+restages
+restamp
+restamps
+restart
+restarts
+restate
+restated
+restates
+rested
+rester
+resters
+restful
+resting
+restitch
+restive
+restless
+restock
+restocks
+restoke
+restoked
+restokes
+restoral
+restore
+restored
+restorer
+restores
+restrain
+restress
+restrict
+restrike
+restring
+restrive
+restroom
+restrove
+restruck
+restrung
+rests
+restudy
+restuff
+restuffs
+restyle
+restyled
+restyles
+resubmit
+result
+resulted
+results
+resume
+resumed
+resumer
+resumers
+resumes
+resuming
+resummon
+resupine
+resupply
+resurge
+resurged
+resurges
+resurvey
+ret
+retable
+retables
+retack
+retacked
+retackle
+retacks
+retag
+retagged
+retags
+retail
+retailed
+retailer
+retailor
+retails
+retain
+retained
+retainer
+retains
+retake
+retaken
+retaker
+retakers
+retakes
+retaking
+retape
+retaped
+retapes
+retaping
+retard
+retarded
+retarder
+retards
+retarget
+retaste
+retasted
+retastes
+retaught
+retax
+retaxed
+retaxes
+retaxing
+retch
+retched
+retches
+retching
+rete
+reteach
+reteam
+reteamed
+reteams
+retear
+retears
+retell
+retells
+retem
+retemper
+retems
+retene
+retenes
+retest
+retested
+retests
+rethink
+rethinks
+rethread
+retia
+retial
+retiarii
+retiary
+reticent
+reticle
+reticles
+reticula
+reticule
+retie
+retied
+reties
+retiform
+retile
+retiled
+retiles
+retiling
+retime
+retimed
+retimes
+retiming
+retina
+retinae
+retinal
+retinals
+retinas
+retine
+retinene
+retines
+retinite
+retinoid
+retinol
+retinols
+retint
+retinted
+retints
+retinue
+retinued
+retinues
+retinula
+retirant
+retire
+retired
+retiree
+retirees
+retirer
+retirers
+retires
+retiring
+retitle
+retitled
+retitles
+retold
+retook
+retool
+retooled
+retools
+retore
+retorn
+retort
+retorted
+retorter
+retorts
+retouch
+retrace
+retraced
+retraces
+retrack
+retracks
+retract
+retracts
+retrain
+retrains
+retral
+retrally
+retread
+retreads
+retreat
+retreats
+retrench
+retrial
+retrials
+retried
+retries
+retrieve
+retrim
+retrims
+retro
+retroact
+retrofit
+retrorse
+retros
+retry
+retrying
+rets
+retsina
+retsinas
+retted
+retting
+retune
+retuned
+retunes
+retuning
+return
+returned
+returnee
+returner
+returns
+retuse
+retwist
+retwists
+retying
+retype
+retyped
+retypes
+retyping
+reunify
+reunion
+reunions
+reunite
+reunited
+reuniter
+reunites
+reusable
+reuse
+reused
+reuses
+reusing
+reutter
+reutters
+rev
+revalue
+revalued
+revalues
+revamp
+revamped
+revamper
+revamps
+revanche
+reveal
+revealed
+revealer
+reveals
+revehent
+reveille
+revel
+reveled
+reveler
+revelers
+reveling
+revelled
+reveller
+revelry
+revels
+revenant
+revenge
+revenged
+revenger
+revenges
+revenual
+revenue
+revenued
+revenuer
+revenues
+reverb
+reverbed
+reverbs
+revere
+revered
+reverend
+reverent
+reverer
+reverers
+reveres
+reverie
+reveries
+reverify
+revering
+revers
+reversal
+reverse
+reversed
+reverser
+reverses
+reverso
+reversos
+revert
+reverted
+reverter
+reverts
+revery
+revest
+revested
+revests
+revet
+revets
+revetted
+review
+reviewal
+reviewed
+reviewer
+reviews
+revile
+reviled
+reviler
+revilers
+reviles
+reviling
+revisal
+revisals
+revise
+revised
+reviser
+revisers
+revises
+revising
+revision
+revisit
+revisits
+revisor
+revisors
+revisory
+revival
+revivals
+revive
+revived
+reviver
+revivers
+revives
+revivify
+reviving
+revoice
+revoiced
+revoices
+revoke
+revoked
+revoker
+revokers
+revokes
+revoking
+revolt
+revolted
+revolter
+revolts
+revolute
+revolve
+revolved
+revolver
+revolves
+revote
+revoted
+revotes
+revoting
+revs
+revue
+revues
+revuist
+revuists
+revulsed
+revved
+revving
+rewake
+rewaked
+rewaken
+rewakens
+rewakes
+rewaking
+rewan
+reward
+rewarded
+rewarder
+rewards
+rewarm
+rewarmed
+rewarms
+rewash
+rewashed
+rewashes
+rewax
+rewaxed
+rewaxes
+rewaxing
+reweave
+reweaved
+reweaves
+rewed
+rewedded
+reweds
+reweigh
+reweighs
+reweld
+rewelded
+rewelds
+rewet
+rewets
+rewetted
+rewiden
+rewidens
+rewin
+rewind
+rewinded
+rewinder
+rewinds
+rewins
+rewire
+rewired
+rewires
+rewiring
+rewoke
+rewoken
+rewon
+reword
+reworded
+rewords
+rework
+reworked
+reworks
+rewound
+rewove
+rewoven
+rewrap
+rewraps
+rewrapt
+rewrite
+rewriter
+rewrites
+rewrote
+rex
+rexes
+reynard
+reynards
+rezone
+rezoned
+rezones
+rezoning
+rhabdom
+rhabdome
+rhabdoms
+rhachis
+rhamnose
+rhamnus
+rhaphae
+rhaphe
+rhaphes
+rhapsode
+rhapsody
+rhatany
+rhea
+rheas
+rhebok
+rheboks
+rhematic
+rhenium
+rheniums
+rheobase
+rheology
+rheophil
+rheostat
+rhesus
+rhesuses
+rhetor
+rhetoric
+rhetors
+rheum
+rheumic
+rheumier
+rheums
+rheumy
+rhinal
+rhinitis
+rhino
+rhinos
+rhizobia
+rhizoid
+rhizoids
+rhizoma
+rhizome
+rhizomes
+rhizomic
+rhizopi
+rhizopod
+rhizopus
+rho
+rhodamin
+rhodic
+rhodium
+rhodiums
+rhodora
+rhodoras
+rhomb
+rhombi
+rhombic
+rhomboid
+rhombs
+rhombus
+rhonchal
+rhonchi
+rhonchus
+rhos
+rhubarb
+rhubarbs
+rhumb
+rhumba
+rhumbaed
+rhumbas
+rhumbs
+rhus
+rhuses
+rhyme
+rhymed
+rhymer
+rhymers
+rhymes
+rhyming
+rhyolite
+rhyta
+rhythm
+rhythmic
+rhythms
+rhyton
+rhytons
+ria
+rial
+rials
+rialto
+rialtos
+riant
+riantly
+rias
+riata
+riatas
+rib
+ribald
+ribaldly
+ribaldry
+ribalds
+riband
+ribands
+ribband
+ribbands
+ribbed
+ribber
+ribbers
+ribbier
+ribbiest
+ribbing
+ribbings
+ribbon
+ribboned
+ribbons
+ribbony
+ribby
+ribes
+ribgrass
+ribier
+ribiers
+ribless
+riblet
+riblets
+riblike
+ribose
+riboses
+ribosome
+ribs
+ribwort
+ribworts
+rice
+ricebird
+riced
+ricer
+ricercar
+ricers
+rices
+rich
+richen
+richened
+richens
+richer
+riches
+richest
+richly
+richness
+richweed
+ricin
+ricing
+ricins
+ricinus
+rick
+ricked
+rickets
+rickety
+rickey
+rickeys
+ricking
+rickrack
+ricks
+ricksha
+rickshas
+rickshaw
+ricochet
+ricotta
+ricottas
+ricrac
+ricracs
+rictal
+rictus
+rictuses
+rid
+ridable
+riddance
+ridded
+ridden
+ridder
+ridders
+ridding
+riddle
+riddled
+riddler
+riddlers
+riddles
+riddling
+ride
+rideable
+rident
+rider
+riders
+rides
+ridge
+ridged
+ridgel
+ridgels
+ridges
+ridgier
+ridgiest
+ridgil
+ridgils
+ridging
+ridgling
+ridgy
+ridicule
+riding
+ridings
+ridley
+ridleys
+ridotto
+ridottos
+rids
+riel
+riels
+riesling
+riever
+rievers
+rif
+rifampin
+rife
+rifely
+rifeness
+rifer
+rifest
+riff
+riffed
+riffing
+riffle
+riffled
+riffler
+rifflers
+riffles
+riffling
+riffraff
+riffs
+rifle
+rifled
+rifleman
+riflemen
+rifler
+riflers
+riflery
+rifles
+rifling
+riflings
+rifs
+rift
+rifted
+rifting
+riftless
+rifts
+rig
+rigadoon
+rigatoni
+rigaudon
+rigged
+rigger
+riggers
+rigging
+riggings
+right
+righted
+righter
+righters
+rightest
+rightful
+righties
+righting
+rightism
+rightist
+rightly
+righto
+rights
+righty
+rigid
+rigidify
+rigidity
+rigidly
+rigor
+rigorism
+rigorist
+rigorous
+rigors
+rigour
+rigours
+rigs
+rikisha
+rikishas
+rikshaw
+rikshaws
+rile
+riled
+riles
+riley
+rilievi
+rilievo
+riling
+rill
+rille
+rilled
+rilles
+rillet
+rillets
+rilling
+rills
+rim
+rime
+rimed
+rimer
+rimers
+rimes
+rimester
+rimfire
+rimfires
+rimier
+rimiest
+riminess
+riming
+rimland
+rimlands
+rimless
+rimmed
+rimmer
+rimmers
+rimming
+rimose
+rimosely
+rimosity
+rimous
+rimple
+rimpled
+rimples
+rimpling
+rimrock
+rimrocks
+rims
+rimy
+rin
+rind
+rinded
+rinds
+ring
+ringbark
+ringbolt
+ringbone
+ringdove
+ringed
+ringent
+ringer
+ringers
+ringgit
+ringgits
+ringhals
+ringing
+ringlet
+ringlets
+ringlike
+ringneck
+rings
+ringside
+ringtail
+ringtaw
+ringtaws
+ringtoss
+ringworm
+rink
+rinks
+rinning
+rins
+rinsable
+rinse
+rinsed
+rinser
+rinsers
+rinses
+rinsible
+rinsing
+rinsings
+rioja
+riojas
+riot
+rioted
+rioter
+rioters
+rioting
+riotous
+riots
+rip
+riparian
+ripcord
+ripcords
+ripe
+riped
+ripely
+ripen
+ripened
+ripener
+ripeners
+ripeness
+ripening
+ripens
+riper
+ripes
+ripest
+ripieni
+ripieno
+ripienos
+riping
+ripoff
+ripoffs
+ripost
+riposte
+riposted
+ripostes
+riposts
+rippable
+ripped
+ripper
+rippers
+ripping
+ripple
+rippled
+rippler
+ripplers
+ripples
+ripplet
+ripplets
+ripplier
+rippling
+ripply
+riprap
+ripraps
+rips
+ripsaw
+ripsaws
+ripstop
+ripstops
+riptide
+riptides
+rise
+risen
+riser
+risers
+rises
+rishi
+rishis
+risible
+risibles
+risibly
+rising
+risings
+risk
+risked
+risker
+riskers
+riskier
+riskiest
+riskily
+risking
+riskless
+risks
+risky
+risotto
+risottos
+risque
+rissole
+rissoles
+risus
+risuses
+ritard
+ritards
+rite
+rites
+ritter
+ritters
+ritual
+ritually
+rituals
+ritz
+ritzes
+ritzier
+ritziest
+ritzily
+ritzy
+rivage
+rivages
+rival
+rivaled
+rivaling
+rivalled
+rivalry
+rivals
+rive
+rived
+riven
+river
+riverbed
+riverine
+rivers
+rives
+rivet
+riveted
+riveter
+riveters
+riveting
+rivets
+rivetted
+riviera
+rivieras
+riviere
+rivieres
+riving
+rivulet
+rivulets
+rivulose
+riyal
+riyals
+roach
+roached
+roaches
+roaching
+road
+roadbed
+roadbeds
+roadeo
+roadeos
+roadie
+roadies
+roadkill
+roadless
+roads
+roadshow
+roadside
+roadster
+roadway
+roadways
+roadwork
+roam
+roamed
+roamer
+roamers
+roaming
+roams
+roan
+roans
+roar
+roared
+roarer
+roarers
+roaring
+roarings
+roars
+roast
+roasted
+roaster
+roasters
+roasting
+roasts
+rob
+robalo
+robalos
+roband
+robands
+robbed
+robber
+robbers
+robbery
+robbin
+robbing
+robbins
+robe
+robed
+robes
+robin
+robing
+robins
+roble
+robles
+roborant
+robot
+robotic
+robotics
+robotism
+robotize
+robotry
+robots
+robs
+robust
+robusta
+robustas
+robuster
+robustly
+roc
+rocaille
+rochet
+rochets
+rock
+rockaby
+rockabye
+rockaway
+rocked
+rocker
+rockers
+rockery
+rocket
+rocketed
+rocketer
+rocketry
+rockets
+rockfall
+rockfish
+rockier
+rockiest
+rocking
+rockless
+rocklike
+rockling
+rockoon
+rockoons
+rockrose
+rocks
+rockweed
+rockwork
+rocky
+rococo
+rococos
+rocs
+rod
+rodded
+rodding
+rode
+rodent
+rodents
+rodeo
+rodeoed
+rodeoing
+rodeos
+rodless
+rodlike
+rodman
+rodmen
+rods
+rodsman
+rodsmen
+roe
+roebuck
+roebucks
+roentgen
+roes
+rogation
+rogatory
+roger
+rogers
+rogue
+rogued
+rogueing
+roguery
+rogues
+roguing
+roguish
+roil
+roiled
+roilier
+roiliest
+roiling
+roils
+roily
+roister
+roisters
+rolamite
+role
+roles
+rolf
+rolfed
+rolfer
+rolfers
+rolfing
+rolfs
+roll
+rollaway
+rollback
+rolled
+roller
+rollers
+rollick
+rollicks
+rollicky
+rolling
+rollings
+rollmop
+rollmops
+rollout
+rollouts
+rollover
+rolls
+rolltop
+rollway
+rollways
+rom
+romaine
+romaines
+roman
+romance
+romanced
+romancer
+romances
+romanise
+romanize
+romano
+romanos
+romans
+romantic
+romaunt
+romaunts
+romeo
+romeos
+romp
+romped
+romper
+rompers
+romping
+rompish
+romps
+roms
+rondeau
+rondeaux
+rondel
+rondelet
+rondelle
+rondels
+rondo
+rondos
+rondure
+rondures
+ronion
+ronions
+ronnel
+ronnels
+rontgen
+rontgens
+ronyon
+ronyons
+rood
+roods
+roof
+roofed
+roofer
+roofers
+roofing
+roofings
+roofless
+rooflike
+roofline
+roofs
+rooftop
+rooftops
+rooftree
+rook
+rooked
+rookery
+rookie
+rookier
+rookies
+rookiest
+rooking
+rooks
+rooky
+room
+roomed
+roomer
+roomers
+roomette
+roomful
+roomfuls
+roomie
+roomier
+roomies
+roomiest
+roomily
+rooming
+roommate
+rooms
+roomy
+roorbach
+roorback
+roose
+roosed
+rooser
+roosers
+rooses
+roosing
+roost
+roosted
+rooster
+roosters
+roosting
+roosts
+root
+rootage
+rootages
+rooted
+rooter
+rooters
+roothold
+rootier
+rootiest
+rooting
+rootless
+rootlet
+rootlets
+rootlike
+roots
+rooty
+ropable
+rope
+roped
+ropelike
+roper
+roperies
+ropers
+ropery
+ropes
+ropewalk
+ropeway
+ropeways
+ropey
+ropier
+ropiest
+ropily
+ropiness
+roping
+ropy
+roque
+roques
+roquet
+roqueted
+roquets
+rorqual
+rorquals
+rosaria
+rosarian
+rosaries
+rosarium
+rosary
+roscoe
+roscoes
+rose
+roseate
+rosebay
+rosebays
+rosebud
+rosebuds
+rosebush
+rosed
+rosefish
+roselike
+roselle
+roselles
+rosemary
+roseola
+roseolar
+roseolas
+roseries
+roseroot
+rosery
+roses
+roseslug
+roset
+rosets
+rosette
+rosettes
+rosewood
+rosier
+rosiest
+rosily
+rosin
+rosined
+rosiness
+rosing
+rosining
+rosinol
+rosinols
+rosinous
+rosins
+rosiny
+rosolio
+rosolios
+rostella
+roster
+rosters
+rostra
+rostral
+rostrate
+rostrum
+rostrums
+rosulate
+rosy
+rot
+rota
+rotaries
+rotary
+rotas
+rotate
+rotated
+rotates
+rotating
+rotation
+rotative
+rotator
+rotators
+rotatory
+rotch
+rotche
+rotches
+rote
+rotenone
+rotes
+rotgut
+rotguts
+roti
+rotifer
+rotifers
+rotiform
+rotis
+rotl
+rotls
+roto
+rotor
+rotors
+rotos
+rototill
+rots
+rotte
+rotted
+rotten
+rottener
+rottenly
+rotter
+rotters
+rottes
+rotting
+rotund
+rotunda
+rotundas
+rotundly
+roturier
+rouble
+roubles
+rouche
+rouches
+roue
+rouen
+rouens
+roues
+rouge
+rouged
+rouges
+rough
+roughage
+roughdry
+roughed
+roughen
+roughens
+rougher
+roughers
+roughest
+roughhew
+roughing
+roughish
+roughleg
+roughly
+roughs
+rouging
+rouille
+rouilles
+roulade
+roulades
+rouleau
+rouleaus
+rouleaux
+roulette
+round
+rounded
+roundel
+roundels
+rounder
+rounders
+roundest
+rounding
+roundish
+roundlet
+roundly
+rounds
+roundup
+roundups
+roup
+rouped
+roupet
+roupier
+roupiest
+roupily
+rouping
+roups
+roupy
+rouse
+roused
+rouser
+rousers
+rouses
+rousing
+rousseau
+roust
+rousted
+rouster
+rousters
+rousting
+rousts
+rout
+route
+routed
+routeman
+routemen
+router
+routers
+routes
+routeway
+routh
+rouths
+routine
+routines
+routing
+routs
+roux
+rove
+roved
+roven
+rover
+rovers
+roves
+roving
+rovingly
+rovings
+row
+rowable
+rowan
+rowans
+rowboat
+rowboats
+rowdier
+rowdies
+rowdiest
+rowdily
+rowdy
+rowdyish
+rowdyism
+rowed
+rowel
+roweled
+roweling
+rowelled
+rowels
+rowen
+rowens
+rower
+rowers
+rowing
+rowings
+rowlock
+rowlocks
+rows
+rowth
+rowths
+royal
+royalism
+royalist
+royally
+royals
+royalty
+royster
+roysters
+rozzer
+rozzers
+ruana
+ruanas
+rub
+rubaboo
+rubaboos
+rubace
+rubaces
+rubaiyat
+rubasse
+rubasses
+rubato
+rubatos
+rubbaboo
+rubbed
+rubber
+rubbered
+rubbers
+rubbery
+rubbing
+rubbings
+rubbish
+rubbishy
+rubble
+rubbled
+rubbles
+rubblier
+rubbling
+rubbly
+rubdown
+rubdowns
+rube
+rubella
+rubellas
+rubeola
+rubeolar
+rubeolas
+rubes
+rubicund
+rubidic
+rubidium
+rubied
+rubier
+rubies
+rubiest
+rubigo
+rubigos
+rubious
+ruble
+rubles
+ruboff
+ruboffs
+rubout
+rubouts
+rubric
+rubrical
+rubrics
+rubs
+rubus
+ruby
+rubying
+rubylike
+ruche
+ruched
+ruches
+ruching
+ruchings
+ruck
+rucked
+rucking
+ruckle
+ruckled
+ruckles
+ruckling
+rucks
+rucksack
+ruckus
+ruckuses
+ruction
+ructions
+ructious
+rudd
+rudder
+rudders
+ruddier
+ruddiest
+ruddily
+ruddle
+ruddled
+ruddles
+ruddling
+ruddock
+ruddocks
+rudds
+ruddy
+rude
+rudely
+rudeness
+ruder
+ruderal
+ruderals
+rudesby
+rudest
+rudiment
+rue
+rued
+rueful
+ruefully
+ruer
+ruers
+rues
+ruff
+ruffe
+ruffed
+ruffes
+ruffian
+ruffians
+ruffing
+ruffle
+ruffled
+ruffler
+rufflers
+ruffles
+rufflier
+rufflike
+ruffling
+ruffly
+ruffs
+rufiyaa
+rufous
+rug
+ruga
+rugae
+rugal
+rugate
+rugbies
+rugby
+rugged
+ruggeder
+ruggedly
+rugger
+ruggers
+rugging
+ruglike
+rugola
+rugolas
+rugosa
+rugosas
+rugose
+rugosely
+rugosity
+rugous
+rugs
+rugulose
+ruin
+ruinable
+ruinate
+ruinated
+ruinates
+ruined
+ruiner
+ruiners
+ruing
+ruining
+ruinous
+ruins
+rulable
+rule
+ruled
+ruleless
+ruler
+rulers
+rules
+rulier
+ruliest
+ruling
+rulings
+ruly
+rum
+rumaki
+rumakis
+rumba
+rumbaed
+rumbaing
+rumbas
+rumble
+rumbled
+rumbler
+rumblers
+rumbles
+rumbling
+rumbly
+rumen
+rumens
+rumina
+ruminal
+ruminant
+ruminate
+rummage
+rummaged
+rummager
+rummages
+rummer
+rummers
+rummest
+rummier
+rummies
+rummiest
+rummy
+rumor
+rumored
+rumoring
+rumors
+rumour
+rumoured
+rumours
+rump
+rumple
+rumpled
+rumples
+rumpless
+rumplier
+rumpling
+rumply
+rumps
+rumpus
+rumpuses
+rums
+run
+runabout
+runagate
+runaway
+runaways
+runback
+runbacks
+rundle
+rundles
+rundlet
+rundlets
+rundown
+rundowns
+rune
+runelike
+runes
+rung
+rungless
+rungs
+runic
+runkle
+runkled
+runkles
+runkling
+runless
+runlet
+runlets
+runnel
+runnels
+runner
+runners
+runnier
+runniest
+running
+runnings
+runny
+runoff
+runoffs
+runout
+runouts
+runover
+runovers
+runround
+runs
+runt
+runtier
+runtiest
+runtish
+runts
+runty
+runway
+runways
+rupee
+rupees
+rupiah
+rupiahs
+rupture
+ruptured
+ruptures
+rural
+ruralise
+ruralism
+ruralist
+ruralite
+rurality
+ruralize
+rurally
+rurban
+ruse
+ruses
+rush
+rushed
+rushee
+rushees
+rusher
+rushers
+rushes
+rushier
+rushiest
+rushing
+rushings
+rushlike
+rushy
+rusine
+rusk
+rusks
+russet
+russets
+russety
+russify
+rust
+rustable
+rusted
+rustic
+rustical
+rusticly
+rustics
+rustier
+rustiest
+rustily
+rusting
+rustle
+rustled
+rustler
+rustlers
+rustles
+rustless
+rustling
+rusts
+rusty
+rut
+rutabaga
+ruth
+ruthenic
+ruthful
+ruthless
+ruths
+rutilant
+rutile
+rutiles
+rutin
+rutins
+ruts
+rutted
+ruttier
+ruttiest
+ruttily
+rutting
+ruttish
+rutty
+rya
+ryas
+rye
+ryegrass
+ryes
+ryke
+ryked
+rykes
+ryking
+rynd
+rynds
+ryokan
+ryokans
+ryot
+ryots
+sab
+sabaton
+sabatons
+sabayon
+sabayons
+sabbat
+sabbath
+sabbaths
+sabbatic
+sabbats
+sabbed
+sabbing
+sabe
+sabed
+sabeing
+saber
+sabered
+sabering
+sabers
+sabes
+sabin
+sabine
+sabines
+sabins
+sabir
+sabirs
+sable
+sables
+sabot
+sabotage
+saboteur
+sabots
+sabra
+sabras
+sabre
+sabred
+sabres
+sabring
+sabs
+sabulose
+sabulous
+sac
+sacaton
+sacatons
+sacbut
+sacbuts
+saccade
+saccades
+saccadic
+saccate
+saccular
+saccule
+saccules
+sacculi
+sacculus
+sachem
+sachemic
+sachems
+sachet
+sacheted
+sachets
+sack
+sackbut
+sackbuts
+sacked
+sacker
+sackers
+sackful
+sackfuls
+sacking
+sackings
+sacklike
+sacks
+sacksful
+saclike
+sacque
+sacques
+sacra
+sacral
+sacrals
+sacraria
+sacred
+sacredly
+sacring
+sacrings
+sacrist
+sacrists
+sacristy
+sacrum
+sacrums
+sacs
+sad
+sadden
+saddened
+saddens
+sadder
+saddest
+saddhu
+saddhus
+saddle
+saddled
+saddler
+saddlers
+saddlery
+saddles
+saddling
+sade
+sades
+sadhe
+sadhes
+sadhu
+sadhus
+sadi
+sadiron
+sadirons
+sadis
+sadism
+sadisms
+sadist
+sadistic
+sadists
+sadly
+sadness
+sae
+safari
+safaried
+safaris
+safe
+safely
+safeness
+safer
+safes
+safest
+safetied
+safeties
+safety
+saffron
+saffrons
+safranin
+safrol
+safrole
+safroles
+safrols
+sag
+saga
+sagacity
+sagaman
+sagamen
+sagamore
+saganash
+sagas
+sagbut
+sagbuts
+sage
+sagely
+sageness
+sager
+sages
+sagest
+saggar
+saggard
+saggards
+saggared
+saggars
+sagged
+sagger
+saggered
+saggers
+saggier
+saggiest
+sagging
+saggy
+sagier
+sagiest
+sagittal
+sago
+sagos
+sags
+saguaro
+saguaros
+sagum
+sagy
+sahib
+sahibs
+sahiwal
+sahiwals
+sahuaro
+sahuaros
+saice
+saices
+said
+saids
+saiga
+saigas
+sail
+sailable
+sailboat
+sailed
+sailer
+sailers
+sailfish
+sailing
+sailings
+sailor
+sailorly
+sailors
+sails
+saimin
+saimins
+sain
+sained
+sainfoin
+saining
+sains
+saint
+saintdom
+sainted
+sainting
+saintly
+saints
+saith
+saithe
+saiyid
+saiyids
+sajou
+sajous
+sake
+saker
+sakers
+sakes
+saki
+sakis
+sal
+salaam
+salaamed
+salaams
+salable
+salably
+salacity
+salad
+saladang
+salads
+salal
+salals
+salami
+salamis
+salariat
+salaried
+salaries
+salary
+salchow
+salchows
+sale
+saleable
+saleably
+salep
+saleps
+saleroom
+sales
+salesman
+salesmen
+salic
+salicin
+salicine
+salicins
+salience
+saliency
+salient
+salients
+salified
+salifies
+salify
+salina
+salinas
+saline
+salines
+salinity
+salinize
+saliva
+salivary
+salivas
+salivate
+sall
+sallet
+sallets
+sallied
+sallier
+salliers
+sallies
+sallow
+sallowed
+sallower
+sallowly
+sallows
+sallowy
+sally
+sallying
+salmi
+salmis
+salmon
+salmonid
+salmons
+salol
+salols
+salon
+salons
+saloon
+saloons
+saloop
+saloops
+salp
+salpa
+salpae
+salpas
+salpian
+salpians
+salpid
+salpids
+salpinx
+salps
+sals
+salsa
+salsas
+salsify
+salsilla
+salt
+saltant
+saltbox
+saltbush
+salted
+salter
+saltern
+salterns
+salters
+saltest
+saltie
+saltier
+saltiers
+salties
+saltiest
+saltily
+saltine
+saltines
+salting
+saltings
+saltire
+saltires
+saltish
+saltless
+saltlike
+saltness
+saltpan
+saltpans
+salts
+saltwork
+saltwort
+salty
+saluki
+salukis
+salutary
+salute
+saluted
+saluter
+saluters
+salutes
+saluting
+salvable
+salvably
+salvage
+salvaged
+salvagee
+salvager
+salvages
+salve
+salved
+salver
+salvers
+salves
+salvia
+salvias
+salvific
+salving
+salvo
+salvoed
+salvoes
+salvoing
+salvor
+salvors
+salvos
+samara
+samaras
+samarium
+samba
+sambaed
+sambaing
+sambar
+sambars
+sambas
+sambhar
+sambhars
+sambhur
+sambhurs
+sambo
+sambos
+sambuca
+sambucas
+sambuke
+sambukes
+sambur
+samburs
+same
+samech
+samechs
+samek
+samekh
+samekhs
+sameks
+sameness
+samiel
+samiels
+samisen
+samisens
+samite
+samites
+samizdat
+samlet
+samlets
+samosa
+samosas
+samovar
+samovars
+samp
+sampan
+sampans
+samphire
+sample
+sampled
+sampler
+samplers
+samples
+sampling
+samps
+samsara
+samsaras
+samshu
+samshus
+samurai
+samurais
+sanative
+sancta
+sanctify
+sanction
+sanctity
+sanctum
+sanctums
+sand
+sandal
+sandaled
+sandals
+sandarac
+sandbag
+sandbags
+sandbank
+sandbar
+sandbars
+sandbox
+sandbur
+sandburr
+sandburs
+sanddab
+sanddabs
+sanded
+sander
+sanders
+sandfish
+sandfly
+sandhi
+sandhis
+sandhog
+sandhogs
+sandier
+sandiest
+sanding
+sandlike
+sandling
+sandlot
+sandlots
+sandman
+sandmen
+sandpeep
+sandpile
+sandpit
+sandpits
+sands
+sandshoe
+sandsoap
+sandspur
+sandwich
+sandworm
+sandwort
+sandy
+sane
+saned
+sanely
+saneness
+saner
+sanes
+sanest
+sang
+sanga
+sangar
+sangaree
+sangars
+sangas
+sanger
+sangers
+sangh
+sanghs
+sangria
+sangrias
+sanguine
+sanicle
+sanicles
+sanies
+saning
+sanious
+sanitary
+sanitate
+sanities
+sanitise
+sanitize
+sanity
+sanjak
+sanjaks
+sank
+sannop
+sannops
+sannup
+sannups
+sannyasi
+sans
+sansar
+sansars
+sansei
+sanseis
+sanserif
+santalic
+santalol
+santimi
+santims
+santir
+santirs
+santo
+santol
+santols
+santonin
+santos
+santour
+santours
+santur
+santurs
+sap
+sapajou
+sapajous
+saphead
+sapheads
+saphena
+saphenae
+sapid
+sapidity
+sapience
+sapiency
+sapiens
+sapient
+sapless
+sapling
+saplings
+saponify
+saponin
+saponine
+saponins
+saponite
+sapor
+saporous
+sapors
+sapota
+sapotas
+sapote
+sapotes
+sapour
+sapours
+sapped
+sapper
+sappers
+sapphic
+sapphics
+sapphire
+sapphism
+sapphist
+sappier
+sappiest
+sappily
+sapping
+sappy
+sapremia
+sapremic
+saprobe
+saprobes
+saprobic
+sapropel
+saps
+sapsago
+sapsagos
+sapwood
+sapwoods
+saraband
+saran
+sarans
+sarape
+sarapes
+sarcasm
+sarcasms
+sarcenet
+sarcoid
+sarcoids
+sarcoma
+sarcomas
+sarcous
+sard
+sardana
+sardanas
+sardar
+sardars
+sardine
+sardines
+sardius
+sardonic
+sardonyx
+sards
+saree
+sarees
+sargasso
+sarge
+sarges
+sari
+sarin
+sarins
+saris
+sark
+sarkier
+sarkiest
+sarks
+sarky
+sarment
+sarmenta
+sarments
+sarod
+sarode
+sarodes
+sarodist
+sarods
+sarong
+sarongs
+saros
+saroses
+sarsar
+sarsars
+sarsen
+sarsenet
+sarsens
+sartor
+sartorii
+sartors
+sash
+sashay
+sashayed
+sashays
+sashed
+sashes
+sashimi
+sashimis
+sashing
+sasin
+sasins
+sass
+sassaby
+sassed
+sasses
+sassier
+sassies
+sassiest
+sassily
+sassing
+sasswood
+sassy
+sastruga
+sastrugi
+sat
+satang
+satangs
+satanic
+satanism
+satanist
+satara
+sataras
+satay
+satays
+satchel
+satchels
+sate
+sated
+sateen
+sateens
+satem
+sates
+sati
+satiable
+satiably
+satiate
+satiated
+satiates
+satiety
+satin
+satinet
+satinets
+sating
+satinpod
+satins
+satiny
+satire
+satires
+satiric
+satirise
+satirist
+satirize
+satis
+satisfy
+satori
+satoris
+satrap
+satraps
+satrapy
+satsuma
+satsumas
+saturant
+saturate
+satyr
+satyric
+satyrid
+satyrids
+satyrs
+sau
+sauce
+saucebox
+sauced
+saucepan
+saucer
+saucers
+sauces
+sauch
+sauchs
+saucier
+sauciest
+saucily
+saucing
+saucy
+sauger
+saugers
+saugh
+saughs
+saughy
+saul
+sauls
+sault
+saults
+sauna
+saunas
+saunter
+saunters
+saurel
+saurels
+saurian
+saurians
+sauries
+sauropod
+saury
+sausage
+sausages
+saute
+sauted
+sauteed
+sauteing
+sauterne
+sautes
+sautoir
+sautoire
+sautoirs
+savable
+savage
+savaged
+savagely
+savager
+savagery
+savages
+savagest
+savaging
+savagism
+savanna
+savannah
+savannas
+savant
+savants
+savarin
+savarins
+savate
+savates
+save
+saveable
+saved
+saveloy
+saveloys
+saver
+savers
+saves
+savin
+savine
+savines
+saving
+savingly
+savings
+savins
+savior
+saviors
+saviour
+saviours
+savor
+savored
+savorer
+savorers
+savorier
+savories
+savorily
+savoring
+savorous
+savors
+savory
+savour
+savoured
+savourer
+savours
+savoury
+savoy
+savoys
+savvied
+savvier
+savvies
+savviest
+savvy
+savvying
+saw
+sawbill
+sawbills
+sawbones
+sawbuck
+sawbucks
+sawdust
+sawdusts
+sawed
+sawer
+sawers
+sawfish
+sawflies
+sawfly
+sawhorse
+sawing
+sawlike
+sawlog
+sawlogs
+sawmill
+sawmills
+sawn
+sawney
+sawneys
+saws
+sawteeth
+sawtooth
+sawyer
+sawyers
+sax
+saxatile
+saxes
+saxhorn
+saxhorns
+saxonies
+saxony
+saxtuba
+saxtubas
+say
+sayable
+sayer
+sayers
+sayest
+sayid
+sayids
+saying
+sayings
+sayonara
+says
+sayst
+sayyid
+sayyids
+scab
+scabbard
+scabbed
+scabbier
+scabbily
+scabbing
+scabble
+scabbled
+scabbles
+scabby
+scabies
+scabiosa
+scabious
+scabland
+scablike
+scabrous
+scabs
+scad
+scads
+scaffold
+scag
+scags
+scalable
+scalably
+scalade
+scalades
+scalado
+scalados
+scalage
+scalages
+scalar
+scalare
+scalares
+scalars
+scalawag
+scald
+scalded
+scaldic
+scalding
+scalds
+scale
+scaled
+scalene
+scaleni
+scalenus
+scalepan
+scaler
+scalers
+scales
+scaleup
+scaleups
+scalier
+scaliest
+scaling
+scall
+scallion
+scallop
+scallops
+scalls
+scalp
+scalped
+scalpel
+scalpels
+scalper
+scalpers
+scalping
+scalps
+scaly
+scam
+scammed
+scamming
+scammony
+scamp
+scamped
+scamper
+scampers
+scampi
+scampies
+scamping
+scampish
+scamps
+scams
+scan
+scandal
+scandals
+scandent
+scandia
+scandias
+scandic
+scandium
+scanned
+scanner
+scanners
+scanning
+scans
+scansion
+scant
+scanted
+scanter
+scantest
+scantier
+scanties
+scantily
+scanting
+scantly
+scants
+scanty
+scape
+scaped
+scapes
+scaphoid
+scaping
+scapose
+scapula
+scapulae
+scapular
+scapulas
+scar
+scarab
+scarabs
+scarce
+scarcely
+scarcer
+scarcest
+scarcity
+scare
+scared
+scarer
+scarers
+scares
+scarey
+scarf
+scarfed
+scarfing
+scarfpin
+scarfs
+scarier
+scariest
+scarify
+scarily
+scaring
+scariose
+scarious
+scarless
+scarlet
+scarlets
+scarp
+scarped
+scarper
+scarpers
+scarph
+scarphed
+scarphs
+scarping
+scarps
+scarred
+scarrier
+scarring
+scarry
+scars
+scart
+scarted
+scarting
+scarts
+scarves
+scary
+scat
+scatback
+scathe
+scathed
+scathes
+scathing
+scats
+scatt
+scatted
+scatter
+scatters
+scattier
+scatting
+scatts
+scatty
+scaup
+scauper
+scaupers
+scaups
+scaur
+scaurs
+scavenge
+scena
+scenario
+scenas
+scend
+scended
+scending
+scends
+scene
+scenery
+scenes
+scenic
+scenical
+scent
+scented
+scenting
+scents
+scepter
+scepters
+sceptic
+sceptics
+sceptral
+sceptre
+sceptred
+sceptres
+schappe
+schappes
+schav
+schavs
+schedule
+schema
+schemas
+schemata
+scheme
+schemed
+schemer
+schemers
+schemes
+scheming
+scherzi
+scherzo
+scherzos
+schiller
+schism
+schisms
+schist
+schists
+schizier
+schizo
+schizoid
+schizont
+schizos
+schizy
+schizzy
+schlep
+schlepp
+schlepps
+schleps
+schliere
+schlock
+schlocks
+schlocky
+schlump
+schlumps
+schmaltz
+schmalz
+schmalzy
+schmear
+schmears
+schmeer
+schmeers
+schmelze
+schmo
+schmoe
+schmoes
+schmoos
+schmoose
+schmooze
+schmos
+schmuck
+schmucks
+schnapps
+schnaps
+schnecke
+schnook
+schnooks
+schnoz
+schnozz
+scholar
+scholars
+scholia
+scholium
+school
+schooled
+schools
+schooner
+schorl
+schorls
+schrik
+schriks
+schrod
+schrods
+schtick
+schticks
+schtik
+schtiks
+schuit
+schuits
+schul
+schuln
+schuss
+schussed
+schusser
+schusses
+schwa
+schwas
+sciaenid
+sciatic
+sciatica
+sciatics
+science
+sciences
+scilicet
+scilla
+scillas
+scimetar
+scimitar
+scimiter
+scincoid
+sciolism
+sciolist
+scion
+scions
+scirocco
+scirrhi
+scirrhus
+scissile
+scission
+scissor
+scissors
+scissure
+sciurid
+sciurids
+sciurine
+sciuroid
+sclaff
+sclaffed
+sclaffer
+sclaffs
+sclera
+sclerae
+scleral
+scleras
+sclereid
+sclerite
+scleroid
+scleroma
+sclerose
+sclerous
+scoff
+scoffed
+scoffer
+scoffers
+scoffing
+scofflaw
+scoffs
+scold
+scolded
+scolder
+scolders
+scolding
+scolds
+scoleces
+scolex
+scolices
+scolioma
+scollop
+scollops
+sconce
+sconced
+sconces
+sconcing
+scone
+scones
+scoop
+scooped
+scooper
+scoopers
+scoopful
+scooping
+scoops
+scoot
+scooted
+scooter
+scooters
+scooting
+scoots
+scop
+scope
+scoped
+scopes
+scoping
+scops
+scopula
+scopulae
+scopulas
+scorch
+scorched
+scorcher
+scorches
+score
+scored
+scorepad
+scorer
+scorers
+scores
+scoria
+scoriae
+scorify
+scoring
+scorn
+scorned
+scorner
+scorners
+scornful
+scorning
+scorns
+scorpion
+scot
+scotch
+scotched
+scotches
+scoter
+scoters
+scotia
+scotias
+scotoma
+scotomas
+scotopia
+scotopic
+scots
+scottie
+scotties
+scour
+scoured
+scourer
+scourers
+scourge
+scourged
+scourger
+scourges
+scouring
+scours
+scouse
+scouses
+scout
+scouted
+scouter
+scouters
+scouth
+scouther
+scouths
+scouting
+scouts
+scow
+scowder
+scowders
+scowed
+scowing
+scowl
+scowled
+scowler
+scowlers
+scowling
+scowls
+scows
+scrabble
+scrabbly
+scrag
+scragged
+scraggly
+scraggy
+scrags
+scraich
+scraichs
+scraigh
+scraighs
+scram
+scramble
+scramjet
+scrammed
+scrams
+scrannel
+scrap
+scrape
+scraped
+scraper
+scrapers
+scrapes
+scrapie
+scrapies
+scraping
+scrapped
+scrapper
+scrapple
+scrappy
+scraps
+scratch
+scratchy
+scrawl
+scrawled
+scrawler
+scrawls
+scrawly
+scrawny
+screak
+screaked
+screaks
+screaky
+scream
+screamed
+screamer
+screams
+scree
+screech
+screechy
+screed
+screeded
+screeds
+screen
+screened
+screener
+screens
+screes
+screw
+screwed
+screwer
+screwers
+screwier
+screwing
+screws
+screwup
+screwups
+screwy
+scribal
+scribble
+scribe
+scribed
+scriber
+scribers
+scribes
+scribing
+scried
+scries
+scrieve
+scrieved
+scrieves
+scrim
+scrimp
+scrimped
+scrimper
+scrimpit
+scrimps
+scrimpy
+scrims
+scrip
+scrips
+script
+scripted
+scripter
+scripts
+scrive
+scrived
+scrives
+scriving
+scrod
+scrods
+scrofula
+scroggy
+scroll
+scrolled
+scrolls
+scrooch
+scrooge
+scrooges
+scroop
+scrooped
+scroops
+scrootch
+scrota
+scrotal
+scrotum
+scrotums
+scrouge
+scrouged
+scrouges
+scrounge
+scroungy
+scrub
+scrubbed
+scrubber
+scrubby
+scrubs
+scruff
+scruffs
+scruffy
+scrum
+scrummed
+scrums
+scrunch
+scruple
+scrupled
+scruples
+scrutiny
+scry
+scrying
+scuba
+scubas
+scud
+scudded
+scudding
+scudi
+scudo
+scuds
+scuff
+scuffed
+scuffing
+scuffle
+scuffled
+scuffler
+scuffles
+scuffs
+sculk
+sculked
+sculker
+sculkers
+sculking
+sculks
+scull
+sculled
+sculler
+scullers
+scullery
+sculling
+scullion
+sculls
+sculp
+sculped
+sculpin
+sculping
+sculpins
+sculps
+sculpt
+sculpted
+sculptor
+sculpts
+scum
+scumbag
+scumbags
+scumble
+scumbled
+scumbles
+scumlike
+scummed
+scummer
+scummers
+scummier
+scumming
+scummy
+scums
+scunner
+scunners
+scup
+scuppaug
+scupper
+scuppers
+scups
+scurf
+scurfier
+scurfs
+scurfy
+scurried
+scurries
+scurril
+scurrile
+scurry
+scurvier
+scurvies
+scurvily
+scurvy
+scut
+scuta
+scutage
+scutages
+scutate
+scutch
+scutched
+scutcher
+scutches
+scute
+scutella
+scutes
+scuts
+scutter
+scutters
+scuttle
+scuttled
+scuttles
+scutum
+scuzzier
+scuzzy
+scyphate
+scyphi
+scyphus
+scythe
+scythed
+scythes
+scything
+sea
+seabag
+seabags
+seabeach
+seabed
+seabeds
+seabird
+seabirds
+seaboard
+seaboot
+seaboots
+seaborne
+seacoast
+seacock
+seacocks
+seacraft
+seadog
+seadogs
+seadrome
+seafarer
+seafloor
+seafood
+seafoods
+seafowl
+seafowls
+seafront
+seagirt
+seagoing
+seagull
+seagulls
+seal
+sealable
+sealant
+sealants
+sealed
+sealer
+sealers
+sealery
+sealing
+seallike
+seals
+sealskin
+seam
+seaman
+seamanly
+seamark
+seamarks
+seamed
+seamen
+seamer
+seamers
+seamier
+seamiest
+seaming
+seamless
+seamlike
+seamount
+seams
+seamster
+seamy
+seance
+seances
+seapiece
+seaplane
+seaport
+seaports
+seaquake
+sear
+search
+searched
+searcher
+searches
+seared
+searer
+searest
+searing
+searobin
+sears
+seas
+seascape
+seascout
+seashell
+seashore
+seasick
+seaside
+seasides
+season
+seasonal
+seasoned
+seasoner
+seasons
+seat
+seated
+seater
+seaters
+seating
+seatings
+seatless
+seatmate
+seatrain
+seats
+seatwork
+seawall
+seawalls
+seawan
+seawans
+seawant
+seawants
+seaward
+seawards
+seaware
+seawares
+seawater
+seaway
+seaways
+seaweed
+seaweeds
+sebacic
+sebasic
+sebum
+sebums
+sec
+secalose
+secant
+secantly
+secants
+secateur
+secco
+seccos
+secede
+seceded
+seceder
+seceders
+secedes
+seceding
+secern
+secerned
+secerns
+seclude
+secluded
+secludes
+second
+seconde
+seconded
+seconder
+secondes
+secondi
+secondly
+secondo
+seconds
+secpar
+secpars
+secrecy
+secret
+secrete
+secreted
+secreter
+secretes
+secretin
+secretly
+secretor
+secrets
+secs
+sect
+sectary
+sectile
+section
+sections
+sector
+sectoral
+sectored
+sectors
+sects
+secular
+seculars
+secund
+secundly
+secundum
+secure
+secured
+securely
+securer
+securers
+secures
+securest
+securing
+security
+sedan
+sedans
+sedarim
+sedate
+sedated
+sedately
+sedater
+sedates
+sedatest
+sedating
+sedation
+sedative
+seder
+seders
+sederunt
+sedge
+sedges
+sedgier
+sedgiest
+sedgy
+sedile
+sedilia
+sedilium
+sediment
+sedition
+seduce
+seduced
+seducer
+seducers
+seduces
+seducing
+seducive
+sedulity
+sedulous
+sedum
+sedums
+see
+seeable
+seecatch
+seed
+seedbed
+seedbeds
+seedcake
+seedcase
+seeded
+seeder
+seeders
+seedier
+seediest
+seedily
+seeding
+seedless
+seedlike
+seedling
+seedman
+seedmen
+seedpod
+seedpods
+seeds
+seedsman
+seedsmen
+seedtime
+seedy
+seeing
+seeings
+seek
+seeker
+seekers
+seeking
+seeks
+seel
+seeled
+seeling
+seels
+seely
+seem
+seemed
+seemer
+seemers
+seeming
+seemings
+seemlier
+seemly
+seems
+seen
+seep
+seepage
+seepages
+seeped
+seepier
+seepiest
+seeping
+seeps
+seepy
+seer
+seeress
+seers
+sees
+seesaw
+seesawed
+seesaws
+seethe
+seethed
+seethes
+seething
+seg
+segetal
+seggar
+seggars
+segment
+segments
+segni
+segno
+segnos
+sego
+segos
+segs
+segue
+segued
+segueing
+segues
+sei
+seicento
+seiche
+seiches
+seidel
+seidels
+seif
+seifs
+seigneur
+seignior
+seignory
+seine
+seined
+seiner
+seiners
+seines
+seining
+seis
+seisable
+seise
+seised
+seiser
+seisers
+seises
+seisin
+seising
+seisings
+seisins
+seism
+seismal
+seismic
+seismism
+seisms
+seisor
+seisors
+seisure
+seisures
+seizable
+seize
+seized
+seizer
+seizers
+seizes
+seizin
+seizing
+seizings
+seizins
+seizor
+seizors
+seizure
+seizures
+sejant
+sejeant
+sel
+seladang
+selah
+selahs
+selamlik
+selcouth
+seldom
+seldomly
+select
+selected
+selectee
+selectly
+selector
+selects
+selenate
+selenic
+selenide
+selenite
+selenium
+selenous
+self
+selfdom
+selfdoms
+selfed
+selfheal
+selfhood
+selfing
+selfish
+selfless
+selfness
+selfs
+selfsame
+selfward
+sell
+sellable
+selle
+seller
+sellers
+selles
+selling
+sellout
+sellouts
+sells
+sels
+selsyn
+selsyns
+seltzer
+seltzers
+selva
+selvage
+selvaged
+selvages
+selvas
+selvedge
+selves
+semantic
+sematic
+seme
+sememe
+sememes
+sememic
+semen
+semens
+semes
+semester
+semi
+semiarid
+semibald
+semicoma
+semideaf
+semidome
+semidry
+semifit
+semigala
+semihard
+semihigh
+semihobo
+semilog
+semimat
+semimatt
+semimute
+semina
+seminal
+seminar
+seminars
+seminary
+seminude
+semioses
+semiosis
+semiotic
+semipro
+semipros
+semiraw
+semis
+semises
+semisoft
+semitist
+semitone
+semiwild
+semolina
+semple
+semplice
+sempre
+sen
+senarii
+senarius
+senary
+senate
+senates
+senator
+senators
+send
+sendable
+sendal
+sendals
+sended
+sender
+senders
+sending
+sendoff
+sendoffs
+sends
+sendup
+sendups
+sene
+seneca
+senecas
+senecio
+senecios
+senega
+senegas
+sengi
+senhor
+senhora
+senhoras
+senhores
+senhors
+senile
+senilely
+seniles
+senility
+senior
+seniors
+seniti
+senna
+sennas
+sennet
+sennets
+sennight
+sennit
+sennits
+senopia
+senopias
+senor
+senora
+senoras
+senores
+senorita
+senors
+senryu
+sensa
+sensate
+sensated
+sensates
+sense
+sensed
+senseful
+senses
+sensible
+sensibly
+sensilla
+sensing
+sensor
+sensoria
+sensors
+sensory
+sensual
+sensum
+sensuous
+sent
+sente
+sentence
+senti
+sentient
+sentimo
+sentimos
+sentinel
+sentries
+sentry
+sepal
+sepaled
+sepaline
+sepalled
+sepaloid
+sepalous
+sepals
+separate
+sepia
+sepias
+sepic
+sepoy
+sepoys
+seppuku
+seppukus
+sepses
+sepsis
+sept
+septa
+septal
+septaria
+septate
+septet
+septets
+septette
+septic
+septical
+septics
+septime
+septimes
+septs
+septum
+septums
+septuple
+sequel
+sequela
+sequelae
+sequels
+sequence
+sequency
+sequent
+sequents
+sequin
+sequined
+sequins
+sequitur
+sequoia
+sequoias
+ser
+sera
+serac
+seracs
+seraglio
+serai
+serail
+serails
+serais
+seral
+serape
+serapes
+seraph
+seraphic
+seraphim
+seraphin
+seraphs
+serdab
+serdabs
+sere
+sered
+serein
+sereins
+serenade
+serenata
+serenate
+serene
+serenely
+serener
+serenes
+serenest
+serenity
+serer
+seres
+serest
+serf
+serfage
+serfages
+serfdom
+serfdoms
+serfhood
+serfish
+serflike
+serfs
+serge
+sergeant
+serges
+serging
+sergings
+serial
+serially
+serials
+seriate
+seriated
+seriates
+seriatim
+sericin
+sericins
+seriema
+seriemas
+series
+serif
+serifed
+seriffed
+serifs
+serin
+serine
+serines
+sering
+seringa
+seringas
+serins
+serious
+serjeant
+sermon
+sermonic
+sermons
+serology
+serosa
+serosae
+serosal
+serosas
+serosity
+serotine
+serotype
+serous
+serow
+serows
+serpent
+serpents
+serpigo
+serranid
+serrano
+serranos
+serrate
+serrated
+serrates
+serried
+serries
+serry
+serrying
+sers
+serum
+serumal
+serums
+servable
+serval
+servals
+servant
+servants
+serve
+served
+server
+servers
+serves
+service
+serviced
+servicer
+services
+servile
+serving
+servings
+servitor
+servo
+servos
+sesame
+sesames
+sesamoid
+sessile
+session
+sessions
+sesspool
+sesterce
+sestet
+sestets
+sestina
+sestinas
+sestine
+sestines
+set
+seta
+setae
+setal
+setback
+setbacks
+setenant
+setiform
+setline
+setlines
+setoff
+setoffs
+seton
+setons
+setose
+setous
+setout
+setouts
+sets
+setscrew
+sett
+settee
+settees
+setter
+setters
+setting
+settings
+settle
+settled
+settler
+settlers
+settles
+settling
+settlor
+settlors
+setts
+setulose
+setulous
+setup
+setups
+seven
+sevens
+seventh
+sevenths
+seventy
+sever
+several
+severals
+severe
+severed
+severely
+severer
+severest
+severing
+severity
+severs
+seviche
+seviches
+sevruga
+sevrugas
+sew
+sewable
+sewage
+sewages
+sewan
+sewans
+sewar
+sewars
+sewed
+sewer
+sewerage
+sewered
+sewering
+sewers
+sewing
+sewings
+sewn
+sews
+sex
+sexed
+sexes
+sexier
+sexiest
+sexily
+sexiness
+sexing
+sexism
+sexisms
+sexist
+sexists
+sexless
+sexology
+sexpot
+sexpots
+sext
+sextain
+sextains
+sextan
+sextans
+sextant
+sextants
+sextarii
+sextet
+sextets
+sextette
+sextile
+sextiles
+sexto
+sexton
+sextons
+sextos
+sexts
+sextuple
+sextuply
+sexual
+sexually
+sexy
+sferics
+sforzato
+sfumato
+sfumatos
+sh
+sha
+shabbier
+shabbily
+shabby
+shack
+shackle
+shackled
+shackler
+shackles
+shacko
+shackoes
+shackos
+shacks
+shad
+shadblow
+shadbush
+shadchan
+shaddock
+shade
+shaded
+shader
+shaders
+shades
+shadfly
+shadier
+shadiest
+shadily
+shading
+shadings
+shadoof
+shadoofs
+shadow
+shadowed
+shadower
+shadows
+shadowy
+shadrach
+shads
+shaduf
+shadufs
+shady
+shaft
+shafted
+shafting
+shafts
+shag
+shagbark
+shagged
+shaggier
+shaggily
+shagging
+shaggy
+shagreen
+shags
+shah
+shahdom
+shahdoms
+shahs
+shaird
+shairds
+shairn
+shairns
+shaitan
+shaitans
+shakable
+shake
+shaken
+shakeout
+shaker
+shakers
+shakes
+shakeup
+shakeups
+shakier
+shakiest
+shakily
+shaking
+shako
+shakoes
+shakos
+shaky
+shale
+shaled
+shales
+shaley
+shalier
+shaliest
+shall
+shalloon
+shallop
+shallops
+shallot
+shallots
+shallow
+shallows
+shalom
+shaloms
+shalt
+shaly
+sham
+shamable
+shaman
+shamanic
+shamans
+shamas
+shamble
+shambled
+shambles
+shame
+shamed
+shameful
+shames
+shaming
+shammas
+shammash
+shammed
+shammer
+shammers
+shammes
+shammied
+shammies
+shamming
+shammos
+shammy
+shamois
+shamos
+shamosim
+shamoy
+shamoyed
+shamoys
+shampoo
+shampoos
+shamrock
+shams
+shamus
+shamuses
+shandies
+shandy
+shanghai
+shank
+shanked
+shanking
+shanks
+shannies
+shanny
+shantey
+shanteys
+shanti
+shanties
+shantih
+shantihs
+shantis
+shantung
+shanty
+shapable
+shape
+shaped
+shapely
+shapen
+shaper
+shapers
+shapes
+shapeup
+shapeups
+shaping
+sharable
+shard
+shards
+share
+shared
+sharer
+sharers
+shares
+sharif
+sharifs
+sharing
+shark
+sharked
+sharker
+sharkers
+sharking
+sharks
+sharn
+sharns
+sharny
+sharp
+sharped
+sharpen
+sharpens
+sharper
+sharpers
+sharpest
+sharpie
+sharpies
+sharping
+sharply
+sharps
+sharpy
+shashlik
+shaslik
+shasliks
+shat
+shatter
+shatters
+shaugh
+shaughs
+shaul
+shauled
+shauling
+shauls
+shavable
+shave
+shaved
+shaven
+shaver
+shavers
+shaves
+shavie
+shavies
+shaving
+shavings
+shaw
+shawed
+shawing
+shawl
+shawled
+shawling
+shawls
+shawm
+shawms
+shawn
+shaws
+shay
+shays
+she
+shea
+sheaf
+sheafed
+sheafing
+sheafs
+sheal
+shealing
+sheals
+shear
+sheared
+shearer
+shearers
+shearing
+shears
+sheas
+sheath
+sheathe
+sheathed
+sheather
+sheathes
+sheaths
+sheave
+sheaved
+sheaves
+sheaving
+shebang
+shebangs
+shebean
+shebeans
+shebeen
+shebeens
+shed
+shedable
+shedded
+shedder
+shedders
+shedding
+shedlike
+sheds
+sheen
+sheened
+sheeney
+sheeneys
+sheenful
+sheenie
+sheenier
+sheenies
+sheening
+sheens
+sheeny
+sheep
+sheepcot
+sheepdog
+sheepish
+sheepman
+sheepmen
+sheer
+sheered
+sheerer
+sheerest
+sheering
+sheerly
+sheers
+sheet
+sheeted
+sheeter
+sheeters
+sheetfed
+sheeting
+sheets
+sheeve
+sheeves
+shegetz
+sheik
+sheikdom
+sheikh
+sheikhs
+sheiks
+sheila
+sheilas
+sheitan
+sheitans
+shekel
+shekels
+shelduck
+shelf
+shelfful
+shell
+shellac
+shellack
+shellacs
+shelled
+sheller
+shellers
+shellier
+shelling
+shells
+shelly
+shelta
+sheltas
+shelter
+shelters
+sheltie
+shelties
+shelty
+shelve
+shelved
+shelver
+shelvers
+shelves
+shelvier
+shelving
+shelvy
+shend
+shending
+shends
+shent
+sheol
+sheols
+shepherd
+sheqalim
+sheqel
+sherbert
+sherbet
+sherbets
+sherd
+sherds
+shereef
+shereefs
+sherif
+sheriff
+sheriffs
+sherifs
+sherlock
+sheroot
+sheroots
+sherpa
+sherpas
+sherries
+sherris
+sherry
+shes
+shetland
+sheuch
+sheuchs
+sheugh
+sheughs
+shew
+shewed
+shewer
+shewers
+shewing
+shewn
+shews
+shh
+shiatsu
+shiatsus
+shiatzu
+shiatzus
+shibah
+shibahs
+shicker
+shickers
+shicksa
+shicksas
+shied
+shiel
+shield
+shielded
+shielder
+shields
+shieling
+shiels
+shier
+shiers
+shies
+shiest
+shift
+shifted
+shifter
+shifters
+shiftier
+shiftily
+shifting
+shifts
+shifty
+shigella
+shiitake
+shikar
+shikaree
+shikari
+shikaris
+shikars
+shikker
+shikkers
+shiksa
+shiksas
+shikse
+shikses
+shilingi
+shill
+shillala
+shilled
+shilling
+shills
+shilpit
+shily
+shim
+shimmed
+shimmer
+shimmers
+shimmery
+shimmied
+shimmies
+shimming
+shimmy
+shims
+shin
+shinbone
+shindies
+shindig
+shindigs
+shindy
+shindys
+shine
+shined
+shiner
+shiners
+shines
+shingle
+shingled
+shingler
+shingles
+shingly
+shinier
+shiniest
+shinily
+shining
+shinleaf
+shinned
+shinnery
+shinney
+shinneys
+shinnied
+shinnies
+shinning
+shinny
+shins
+shiny
+ship
+shiplap
+shiplaps
+shipload
+shipman
+shipmate
+shipmen
+shipment
+shipped
+shippen
+shippens
+shipper
+shippers
+shipping
+shippon
+shippons
+ships
+shipside
+shipway
+shipways
+shipworm
+shipyard
+shire
+shires
+shirk
+shirked
+shirker
+shirkers
+shirking
+shirks
+shirr
+shirred
+shirring
+shirrs
+shirt
+shirtier
+shirting
+shirts
+shirty
+shist
+shists
+shit
+shitake
+shitakes
+shithead
+shits
+shittah
+shittahs
+shitted
+shittier
+shittim
+shittims
+shitting
+shitty
+shiv
+shiva
+shivah
+shivahs
+shivaree
+shivas
+shive
+shiver
+shivered
+shiverer
+shivers
+shivery
+shives
+shivs
+shkotzim
+shlemiel
+shlep
+shlepp
+shlepped
+shlepps
+shleps
+shlock
+shlocks
+shlump
+shlumped
+shlumps
+shlumpy
+shmaltz
+shmaltzy
+shmear
+shmears
+shmo
+shmoes
+shmooze
+shmoozed
+shmoozes
+shmuck
+shmucks
+shnaps
+shnook
+shnooks
+shoal
+shoaled
+shoaler
+shoalest
+shoalier
+shoaling
+shoals
+shoaly
+shoat
+shoats
+shock
+shocked
+shocker
+shockers
+shocking
+shocks
+shod
+shodden
+shoddier
+shoddies
+shoddily
+shoddy
+shoe
+shoebill
+shoed
+shoehorn
+shoeing
+shoelace
+shoeless
+shoepac
+shoepack
+shoepacs
+shoer
+shoers
+shoes
+shoetree
+shofar
+shofars
+shofroth
+shog
+shogged
+shogging
+shogs
+shogun
+shogunal
+shoguns
+shoji
+shojis
+sholom
+sholoms
+shone
+shoo
+shooed
+shoofly
+shooing
+shook
+shooks
+shool
+shooled
+shooling
+shools
+shoon
+shoos
+shoot
+shooter
+shooters
+shooting
+shootout
+shoots
+shop
+shopboy
+shopboys
+shopgirl
+shophar
+shophars
+shoplift
+shopman
+shopmen
+shoppe
+shopped
+shopper
+shoppers
+shoppes
+shopping
+shops
+shoptalk
+shopworn
+shoran
+shorans
+shore
+shored
+shores
+shoring
+shorings
+shorl
+shorls
+shorn
+short
+shortage
+shortcut
+shorted
+shorten
+shortens
+shorter
+shortest
+shortia
+shortias
+shortie
+shorties
+shorting
+shortish
+shortly
+shorts
+shorty
+shot
+shote
+shotes
+shotgun
+shotguns
+shots
+shott
+shotted
+shotten
+shotting
+shotts
+should
+shoulder
+shouldst
+shout
+shouted
+shouter
+shouters
+shouting
+shouts
+shove
+shoved
+shovel
+shoveled
+shoveler
+shovels
+shover
+shovers
+shoves
+shoving
+show
+showable
+showbiz
+showboat
+showcase
+showdown
+showed
+shower
+showered
+showerer
+showers
+showery
+showgirl
+showier
+showiest
+showily
+showing
+showings
+showman
+showmen
+shown
+showoff
+showoffs
+showring
+showroom
+shows
+showy
+shoyu
+shoyus
+shrank
+shrapnel
+shred
+shredded
+shredder
+shreds
+shrew
+shrewd
+shrewder
+shrewdie
+shrewdly
+shrewed
+shrewing
+shrewish
+shrews
+shri
+shriek
+shrieked
+shrieker
+shrieks
+shrieky
+shrieval
+shrieve
+shrieved
+shrieves
+shrift
+shrifts
+shrike
+shrikes
+shrill
+shrilled
+shriller
+shrills
+shrilly
+shrimp
+shrimped
+shrimper
+shrimps
+shrimpy
+shrine
+shrined
+shrines
+shrining
+shrink
+shrinker
+shrinks
+shris
+shrive
+shrived
+shrivel
+shrivels
+shriven
+shriver
+shrivers
+shrives
+shriving
+shroff
+shroffed
+shroffs
+shroud
+shrouded
+shrouds
+shrove
+shrub
+shrubby
+shrubs
+shrug
+shrugged
+shrugs
+shrunk
+shrunken
+shtetel
+shtetels
+shtetl
+shtetls
+shtick
+shticks
+shtik
+shtiks
+shuck
+shucked
+shucker
+shuckers
+shucking
+shucks
+shudder
+shudders
+shuddery
+shuffle
+shuffled
+shuffler
+shuffles
+shul
+shuln
+shuls
+shun
+shunned
+shunner
+shunners
+shunning
+shunpike
+shuns
+shunt
+shunted
+shunter
+shunters
+shunting
+shunts
+shush
+shushed
+shushes
+shushing
+shut
+shutdown
+shute
+shuted
+shutes
+shuteye
+shuteyes
+shuting
+shutoff
+shutoffs
+shutout
+shutouts
+shuts
+shutter
+shutters
+shutting
+shuttle
+shuttled
+shuttles
+shwanpan
+shy
+shyer
+shyers
+shyest
+shying
+shylock
+shylocks
+shyly
+shyness
+shyster
+shysters
+si
+sial
+sialic
+sialid
+sialidan
+sialids
+sialoid
+sials
+siamang
+siamangs
+siamese
+siameses
+sib
+sibb
+sibbs
+sibilant
+sibilate
+sibling
+siblings
+sibs
+sibyl
+sibylic
+sibyllic
+sibyls
+sic
+siccan
+sicced
+siccing
+sice
+sices
+sick
+sickbay
+sickbays
+sickbed
+sickbeds
+sicked
+sickee
+sickees
+sicken
+sickened
+sickener
+sickens
+sicker
+sickerly
+sickest
+sickie
+sickies
+sicking
+sickish
+sickle
+sickled
+sickles
+sicklied
+sicklier
+sicklies
+sicklily
+sickling
+sickly
+sickness
+sicko
+sickos
+sickout
+sickouts
+sickroom
+sicks
+sics
+siddur
+siddurim
+siddurs
+side
+sidearm
+sideband
+sidebar
+sidebars
+sidecar
+sidecars
+sided
+sidehill
+sidekick
+sideline
+sideling
+sidelong
+sideman
+sidemen
+sidereal
+siderite
+sides
+sideshow
+sideslip
+sidespin
+sidestep
+sidewalk
+sidewall
+sideward
+sideway
+sideways
+sidewise
+siding
+sidings
+sidle
+sidled
+sidler
+sidlers
+sidles
+sidling
+siege
+sieged
+sieges
+sieging
+siemens
+sienite
+sienites
+sienna
+siennas
+sierozem
+sierra
+sierran
+sierras
+siesta
+siestas
+sieur
+sieurs
+sieve
+sieved
+sieves
+sieving
+sifaka
+sifakas
+siffleur
+sift
+sifted
+sifter
+sifters
+sifting
+siftings
+sifts
+siganid
+siganids
+sigh
+sighed
+sigher
+sighers
+sighing
+sighless
+sighlike
+sighs
+sight
+sighted
+sighter
+sighters
+sighting
+sightly
+sights
+sightsaw
+sightsee
+sigil
+sigils
+sigloi
+siglos
+sigma
+sigmas
+sigmate
+sigmoid
+sigmoids
+sign
+signage
+signages
+signal
+signaled
+signaler
+signally
+signals
+signed
+signee
+signees
+signer
+signers
+signet
+signeted
+signets
+signify
+signing
+signior
+signiori
+signiors
+signiory
+signor
+signora
+signoras
+signore
+signori
+signors
+signory
+signpost
+signs
+sike
+siker
+sikes
+silage
+silages
+silane
+silanes
+sild
+silds
+silence
+silenced
+silencer
+silences
+sileni
+silent
+silenter
+silently
+silents
+silenus
+silesia
+silesias
+silex
+silexes
+silica
+silicas
+silicate
+silicic
+silicide
+silicify
+silicium
+silicle
+silicles
+silicon
+silicone
+silicons
+silicula
+siliqua
+siliquae
+silique
+siliques
+silk
+silked
+silken
+silkier
+silkies
+silkiest
+silkily
+silking
+silklike
+silks
+silkweed
+silkworm
+silky
+sill
+sillabub
+siller
+sillers
+sillibub
+sillier
+sillies
+silliest
+sillily
+sills
+silly
+silo
+siloed
+siloing
+silos
+siloxane
+silt
+silted
+siltier
+siltiest
+silting
+silts
+silty
+silurid
+silurids
+siluroid
+silva
+silvae
+silvan
+silvans
+silvas
+silver
+silvered
+silverer
+silverly
+silvern
+silvers
+silvery
+silvex
+silvexes
+silvical
+silvics
+sim
+sima
+simar
+simars
+simaruba
+simas
+simazine
+simian
+simians
+similar
+simile
+similes
+simioid
+simious
+simitar
+simitars
+simlin
+simlins
+simmer
+simmered
+simmers
+simnel
+simnels
+simoleon
+simoniac
+simonies
+simonist
+simonize
+simony
+simoom
+simooms
+simoon
+simoons
+simp
+simper
+simpered
+simperer
+simpers
+simple
+simpler
+simples
+simplest
+simplex
+simplify
+simplism
+simplist
+simply
+simps
+sims
+simulant
+simular
+simulars
+simulate
+sin
+sinapism
+since
+sincere
+sincerer
+sinciput
+sine
+sinecure
+sines
+sinew
+sinewed
+sinewing
+sinews
+sinewy
+sinfonia
+sinfonie
+sinful
+sinfully
+sing
+singable
+singe
+singed
+singeing
+singer
+singers
+singes
+singing
+single
+singled
+singles
+singlet
+singlets
+singling
+singly
+sings
+singsong
+singular
+sinh
+sinhs
+sinicize
+sinister
+sink
+sinkable
+sinkage
+sinkages
+sinker
+sinkers
+sinkhole
+sinking
+sinks
+sinless
+sinned
+sinner
+sinners
+sinning
+sinology
+sinopia
+sinopias
+sinopie
+sins
+sinsyne
+sinter
+sintered
+sinters
+sinuate
+sinuated
+sinuates
+sinuous
+sinus
+sinuses
+sinusoid
+sip
+sipe
+siped
+sipes
+siphon
+siphonal
+siphoned
+siphonic
+siphons
+siping
+sipped
+sipper
+sippers
+sippet
+sippets
+sipping
+sips
+sir
+sirdar
+sirdars
+sire
+sired
+siree
+sirees
+siren
+sirenian
+sirens
+sires
+siring
+sirloin
+sirloins
+sirocco
+siroccos
+sirra
+sirrah
+sirrahs
+sirras
+sirree
+sirrees
+sirs
+sirup
+sirups
+sirupy
+sirvente
+sis
+sisal
+sisals
+sises
+siskin
+siskins
+sissier
+sissies
+sissiest
+sissy
+sissyish
+sister
+sistered
+sisterly
+sisters
+sistra
+sistroid
+sistrum
+sistrums
+sit
+sitar
+sitarist
+sitars
+sitcom
+sitcoms
+site
+sited
+sites
+sith
+sithence
+sithens
+siting
+sitology
+sits
+sitten
+sitter
+sitters
+sitting
+sittings
+situate
+situated
+situates
+situp
+situps
+situs
+situses
+sitzmark
+siver
+sivers
+six
+sixes
+sixfold
+sixmo
+sixmos
+sixpence
+sixpenny
+sixte
+sixteen
+sixteens
+sixtes
+sixth
+sixthly
+sixths
+sixties
+sixtieth
+sixty
+sixtyish
+sizable
+sizably
+sizar
+sizars
+size
+sizeable
+sizeably
+sized
+sizer
+sizers
+sizes
+sizier
+siziest
+siziness
+sizing
+sizings
+sizy
+sizzle
+sizzled
+sizzler
+sizzlers
+sizzles
+sizzling
+sjambok
+sjamboks
+ska
+skag
+skags
+skald
+skaldic
+skalds
+skas
+skat
+skate
+skated
+skater
+skaters
+skates
+skating
+skatings
+skatol
+skatole
+skatoles
+skatols
+skats
+skean
+skeane
+skeanes
+skeans
+skee
+skeed
+skeeing
+skeen
+skeens
+skees
+skeet
+skeeter
+skeeters
+skeets
+skeg
+skegs
+skeigh
+skein
+skeined
+skeining
+skeins
+skeletal
+skeleton
+skellum
+skellums
+skelm
+skelms
+skelp
+skelped
+skelping
+skelpit
+skelps
+skelter
+skelters
+skene
+skenes
+skep
+skeps
+skepsis
+skeptic
+skeptics
+skerries
+skerry
+sketch
+sketched
+sketcher
+sketches
+sketchy
+skew
+skewback
+skewbald
+skewed
+skewer
+skewered
+skewers
+skewing
+skewness
+skews
+ski
+skiable
+skiagram
+skibob
+skibobs
+skid
+skidded
+skidder
+skidders
+skiddier
+skidding
+skiddoo
+skiddoos
+skiddy
+skidoo
+skidooed
+skidoos
+skids
+skidway
+skidways
+skied
+skier
+skiers
+skies
+skiey
+skiff
+skiffle
+skiffled
+skiffles
+skiffs
+skiing
+skiings
+skijorer
+skilful
+skill
+skilled
+skilless
+skillet
+skillets
+skillful
+skilling
+skills
+skim
+skimmed
+skimmer
+skimmers
+skimming
+skimo
+skimos
+skimp
+skimped
+skimpier
+skimpily
+skimping
+skimps
+skimpy
+skims
+skin
+skinful
+skinfuls
+skinhead
+skink
+skinked
+skinker
+skinkers
+skinking
+skinks
+skinless
+skinlike
+skinned
+skinner
+skinners
+skinnier
+skinning
+skinny
+skins
+skint
+skioring
+skip
+skipjack
+skiplane
+skipped
+skipper
+skippers
+skippet
+skippets
+skipping
+skips
+skirl
+skirled
+skirling
+skirls
+skirmish
+skirr
+skirred
+skirret
+skirrets
+skirring
+skirrs
+skirt
+skirted
+skirter
+skirters
+skirting
+skirts
+skis
+skit
+skite
+skited
+skites
+skiting
+skits
+skitter
+skitters
+skittery
+skittish
+skittle
+skittles
+skive
+skived
+skiver
+skivers
+skives
+skiving
+skivvied
+skivvies
+skivvy
+skiwear
+sklent
+sklented
+sklents
+skoal
+skoaled
+skoaling
+skoals
+skookum
+skosh
+skoshes
+skreegh
+skreeghs
+skreigh
+skreighs
+skua
+skuas
+skulk
+skulked
+skulker
+skulkers
+skulking
+skulks
+skull
+skullcap
+skulled
+skulls
+skunk
+skunked
+skunking
+skunks
+sky
+skyborne
+skybox
+skyboxes
+skycap
+skycaps
+skydive
+skydived
+skydiver
+skydives
+skydove
+skyed
+skyey
+skyhook
+skyhooks
+skying
+skyjack
+skyjacks
+skylark
+skylarks
+skylight
+skyline
+skylines
+skylit
+skyman
+skymen
+skyphoi
+skyphos
+skysail
+skysails
+skywalk
+skywalks
+skyward
+skywards
+skyway
+skyways
+skywrite
+skywrote
+slab
+slabbed
+slabber
+slabbers
+slabbery
+slabbing
+slablike
+slabs
+slack
+slacked
+slacken
+slackens
+slacker
+slackers
+slackest
+slacking
+slackly
+slacks
+slag
+slagged
+slaggier
+slagging
+slaggy
+slags
+slain
+slainte
+slakable
+slake
+slaked
+slaker
+slakers
+slakes
+slaking
+slalom
+slalomed
+slaloms
+slam
+slammed
+slammer
+slammers
+slamming
+slams
+slander
+slanders
+slang
+slanged
+slangier
+slangily
+slanging
+slangs
+slangy
+slank
+slant
+slanted
+slanting
+slants
+slanty
+slap
+slapdash
+slapjack
+slapped
+slapper
+slappers
+slapping
+slaps
+slash
+slashed
+slasher
+slashers
+slashes
+slashing
+slat
+slatch
+slatches
+slate
+slated
+slater
+slaters
+slates
+slatey
+slather
+slathers
+slatier
+slatiest
+slating
+slatings
+slats
+slatted
+slattern
+slatting
+slaty
+slave
+slaved
+slaver
+slavered
+slaverer
+slavers
+slavery
+slaves
+slavey
+slaveys
+slaving
+slavish
+slaw
+slaws
+slay
+slayed
+slayer
+slayers
+slaying
+slays
+sleave
+sleaved
+sleaves
+sleaving
+sleaze
+sleazes
+sleazier
+sleazily
+sleazo
+sleazy
+sled
+sledded
+sledder
+sledders
+sledding
+sledge
+sledged
+sledges
+sledging
+sleds
+sleek
+sleeked
+sleeken
+sleekens
+sleeker
+sleekest
+sleekier
+sleeking
+sleekit
+sleekly
+sleeks
+sleeky
+sleep
+sleeper
+sleepers
+sleepier
+sleepily
+sleeping
+sleeps
+sleepy
+sleet
+sleeted
+sleetier
+sleeting
+sleets
+sleety
+sleeve
+sleeved
+sleeves
+sleeving
+sleigh
+sleighed
+sleigher
+sleighs
+sleight
+sleights
+slender
+slept
+sleuth
+sleuthed
+sleuths
+slew
+slewed
+slewing
+slews
+slice
+sliced
+slicer
+slicers
+slices
+slicing
+slick
+slicked
+slicker
+slickers
+slickest
+slicking
+slickly
+slicks
+slid
+slidable
+slidden
+slide
+slider
+sliders
+slides
+slideway
+sliding
+slier
+sliest
+slight
+slighted
+slighter
+slightly
+slights
+slily
+slim
+slime
+slimed
+slimes
+slimier
+slimiest
+slimily
+sliming
+slimly
+slimmed
+slimmer
+slimmers
+slimmest
+slimming
+slimness
+slimpsy
+slims
+slimsier
+slimsy
+slimy
+sling
+slinger
+slingers
+slinging
+slings
+slink
+slinked
+slinkier
+slinkily
+slinking
+slinks
+slinky
+slip
+slipcase
+slipe
+sliped
+slipes
+slipform
+sliping
+slipknot
+slipless
+slipout
+slipouts
+slipover
+slippage
+slipped
+slipper
+slippers
+slippery
+slippier
+slipping
+slippy
+slips
+slipshod
+slipslop
+slipsole
+slipt
+slipup
+slipups
+slipware
+slipway
+slipways
+slit
+slither
+slithers
+slithery
+slitless
+slits
+slitted
+slitter
+slitters
+slitting
+sliver
+slivered
+sliverer
+slivers
+slivovic
+slob
+slobber
+slobbers
+slobbery
+slobbier
+slobbish
+slobby
+slobs
+sloe
+sloes
+slog
+slogan
+slogans
+slogged
+slogger
+sloggers
+slogging
+slogs
+sloid
+sloids
+slojd
+slojds
+sloop
+sloops
+slop
+slope
+sloped
+sloper
+slopers
+slopes
+sloping
+slopped
+sloppier
+sloppily
+slopping
+sloppy
+slops
+slopwork
+slosh
+sloshed
+sloshes
+sloshier
+sloshing
+sloshy
+slot
+slotback
+sloth
+slothful
+sloths
+slots
+slotted
+slotting
+slouch
+slouched
+sloucher
+slouches
+slouchy
+slough
+sloughed
+sloughs
+sloughy
+sloven
+slovenly
+slovens
+slow
+slowdown
+slowed
+slower
+slowest
+slowing
+slowish
+slowly
+slowness
+slowpoke
+slows
+slowworm
+sloyd
+sloyds
+slub
+slubbed
+slubber
+slubbers
+slubbing
+slubs
+sludge
+sludges
+sludgier
+sludgy
+slue
+slued
+slues
+sluff
+sluffed
+sluffing
+sluffs
+slug
+slugabed
+slugfest
+sluggard
+slugged
+slugger
+sluggers
+slugging
+sluggish
+slugs
+sluice
+sluiced
+sluices
+sluicing
+sluicy
+sluing
+slum
+slumber
+slumbers
+slumbery
+slumgum
+slumgums
+slumism
+slumisms
+slumlord
+slummed
+slummer
+slummers
+slummier
+slumming
+slummy
+slump
+slumped
+slumping
+slumps
+slums
+slung
+slunk
+slur
+slurb
+slurban
+slurbs
+slurp
+slurped
+slurping
+slurps
+slurred
+slurried
+slurries
+slurring
+slurry
+slurs
+slush
+slushed
+slushes
+slushier
+slushily
+slushing
+slushy
+slut
+sluts
+sluttier
+sluttish
+slutty
+sly
+slyboots
+slyer
+slyest
+slyly
+slyness
+slype
+slypes
+smack
+smacked
+smacker
+smackers
+smacking
+smacks
+small
+smallage
+smaller
+smallest
+smallish
+smallpox
+smalls
+smalt
+smalti
+smaltine
+smaltite
+smalto
+smaltos
+smalts
+smaragd
+smaragde
+smaragds
+smarm
+smarmier
+smarmily
+smarms
+smarmy
+smart
+smartass
+smarted
+smarten
+smartens
+smarter
+smartest
+smartie
+smarties
+smarting
+smartly
+smarts
+smarty
+smash
+smashed
+smasher
+smashers
+smashes
+smashing
+smashup
+smashups
+smatter
+smatters
+smaze
+smazes
+smear
+smeared
+smearer
+smearers
+smearier
+smearing
+smears
+smeary
+smectic
+smectite
+smeddum
+smeddums
+smeek
+smeeked
+smeeking
+smeeks
+smegma
+smegmas
+smell
+smelled
+smeller
+smellers
+smellier
+smelling
+smells
+smelly
+smelt
+smelted
+smelter
+smelters
+smeltery
+smelting
+smelts
+smerk
+smerked
+smerking
+smerks
+smew
+smews
+smidge
+smidgen
+smidgens
+smidgeon
+smidges
+smidgin
+smidgins
+smilax
+smilaxes
+smile
+smiled
+smiler
+smilers
+smiles
+smiley
+smiling
+smirch
+smirched
+smirches
+smirk
+smirked
+smirker
+smirkers
+smirkier
+smirking
+smirks
+smirky
+smit
+smite
+smiter
+smiters
+smites
+smith
+smithers
+smithery
+smithies
+smiths
+smithy
+smiting
+smitten
+smock
+smocked
+smocking
+smocks
+smog
+smoggier
+smoggy
+smogless
+smogs
+smokable
+smoke
+smoked
+smokepot
+smoker
+smokers
+smokes
+smokey
+smokier
+smokiest
+smokily
+smoking
+smoky
+smolder
+smolders
+smolt
+smolts
+smooch
+smooched
+smooches
+smoochy
+smooth
+smoothed
+smoothen
+smoother
+smoothes
+smoothie
+smoothly
+smooths
+smoothy
+smote
+smother
+smothers
+smothery
+smoulder
+smudge
+smudged
+smudges
+smudgier
+smudgily
+smudging
+smudgy
+smug
+smugger
+smuggest
+smuggle
+smuggled
+smuggler
+smuggles
+smugly
+smugness
+smut
+smutch
+smutched
+smutches
+smutchy
+smuts
+smutted
+smuttier
+smuttily
+smutting
+smutty
+snack
+snacked
+snacking
+snacks
+snaffle
+snaffled
+snaffles
+snafu
+snafued
+snafuing
+snafus
+snag
+snagged
+snaggier
+snagging
+snaggy
+snaglike
+snags
+snail
+snailed
+snailing
+snails
+snake
+snakebit
+snaked
+snakes
+snakey
+snakier
+snakiest
+snakily
+snaking
+snaky
+snap
+snapback
+snapless
+snapped
+snapper
+snappers
+snappier
+snappily
+snapping
+snappish
+snappy
+snaps
+snapshot
+snapweed
+snare
+snared
+snarer
+snarers
+snares
+snaring
+snark
+snarkier
+snarks
+snarky
+snarl
+snarled
+snarler
+snarlers
+snarlier
+snarling
+snarls
+snarly
+snash
+snashes
+snatch
+snatched
+snatcher
+snatches
+snatchy
+snath
+snathe
+snathes
+snaths
+snaw
+snawed
+snawing
+snaws
+snazzier
+snazzy
+sneak
+sneaked
+sneaker
+sneakers
+sneakier
+sneakily
+sneaking
+sneaks
+sneaky
+sneap
+sneaped
+sneaping
+sneaps
+sneck
+snecks
+sned
+snedded
+snedding
+sneds
+sneer
+sneered
+sneerer
+sneerers
+sneerful
+sneering
+sneers
+sneesh
+sneeshes
+sneeze
+sneezed
+sneezer
+sneezers
+sneezes
+sneezier
+sneezing
+sneezy
+snell
+snelled
+sneller
+snellest
+snelling
+snells
+snib
+snibbed
+snibbing
+snibs
+snick
+snicked
+snicker
+snickers
+snickery
+snicking
+snicks
+snide
+snidely
+snider
+snidest
+sniff
+sniffed
+sniffer
+sniffers
+sniffier
+sniffily
+sniffing
+sniffish
+sniffle
+sniffled
+sniffler
+sniffles
+sniffs
+sniffy
+snifter
+snifters
+snigger
+sniggers
+sniggle
+sniggled
+sniggler
+sniggles
+snip
+snipe
+sniped
+sniper
+snipers
+snipes
+sniping
+snipped
+snipper
+snippers
+snippet
+snippets
+snippety
+snippier
+snippily
+snipping
+snippy
+snips
+snit
+snitch
+snitched
+snitcher
+snitches
+snits
+snivel
+sniveled
+sniveler
+snivels
+snob
+snobbery
+snobbier
+snobbily
+snobbish
+snobbism
+snobby
+snobs
+snog
+snogged
+snogging
+snogs
+snood
+snooded
+snooding
+snoods
+snook
+snooked
+snooker
+snookers
+snooking
+snooks
+snool
+snooled
+snooling
+snools
+snoop
+snooped
+snooper
+snoopers
+snoopier
+snoopily
+snooping
+snoops
+snoopy
+snoot
+snooted
+snootier
+snootily
+snooting
+snoots
+snooty
+snooze
+snoozed
+snoozer
+snoozers
+snoozes
+snoozier
+snoozing
+snoozle
+snoozled
+snoozles
+snoozy
+snore
+snored
+snorer
+snorers
+snores
+snoring
+snorkel
+snorkels
+snort
+snorted
+snorter
+snorters
+snorting
+snorts
+snot
+snots
+snottier
+snottily
+snotty
+snout
+snouted
+snoutier
+snouting
+snoutish
+snouts
+snouty
+snow
+snowball
+snowbank
+snowbell
+snowbelt
+snowbird
+snowbush
+snowcap
+snowcaps
+snowdrop
+snowed
+snowfall
+snowier
+snowiest
+snowily
+snowing
+snowland
+snowless
+snowlike
+snowman
+snowmelt
+snowmen
+snowmold
+snowpack
+snowplow
+snows
+snowshed
+snowshoe
+snowsuit
+snowy
+snub
+snubbed
+snubber
+snubbers
+snubbier
+snubbing
+snubby
+snubness
+snubs
+snuck
+snuff
+snuffbox
+snuffed
+snuffer
+snuffers
+snuffier
+snuffily
+snuffing
+snuffle
+snuffled
+snuffler
+snuffles
+snuffly
+snuffs
+snuffy
+snug
+snugged
+snugger
+snuggery
+snuggest
+snuggies
+snugging
+snuggle
+snuggled
+snuggles
+snugly
+snugness
+snugs
+snye
+snyes
+so
+soak
+soakage
+soakages
+soaked
+soaker
+soakers
+soaking
+soaks
+soap
+soapbark
+soapbox
+soaped
+soaper
+soapers
+soapier
+soapiest
+soapily
+soaping
+soapless
+soaplike
+soaps
+soapsuds
+soapwort
+soapy
+soar
+soared
+soarer
+soarers
+soaring
+soarings
+soars
+soave
+soaves
+sob
+sobbed
+sobber
+sobbers
+sobbing
+sobeit
+sober
+sobered
+soberer
+soberest
+sobering
+soberize
+soberly
+sobers
+sobful
+sobriety
+sobs
+socage
+socager
+socagers
+socages
+soccage
+soccages
+soccer
+soccers
+sociable
+sociably
+social
+socially
+socials
+societal
+society
+sock
+socked
+socket
+socketed
+sockets
+sockeye
+sockeyes
+socking
+sockless
+sockman
+sockmen
+socko
+socks
+socle
+socles
+socman
+socmen
+sod
+soda
+sodaless
+sodalist
+sodalite
+sodality
+sodamide
+sodas
+sodded
+sodden
+soddened
+soddenly
+soddens
+soddies
+sodding
+soddy
+sodic
+sodium
+sodiums
+sodom
+sodomies
+sodomist
+sodomite
+sodomize
+sodoms
+sodomy
+sods
+soever
+sofa
+sofar
+sofars
+sofas
+soffit
+soffits
+soft
+softa
+softas
+softback
+softball
+soften
+softened
+softener
+softens
+softer
+softest
+softhead
+softie
+softies
+softish
+softly
+softness
+softs
+software
+softwood
+softy
+sogged
+soggier
+soggiest
+soggily
+soggy
+soigne
+soignee
+soil
+soilage
+soilages
+soiled
+soiling
+soilless
+soils
+soilure
+soilures
+soiree
+soirees
+soja
+sojas
+sojourn
+sojourns
+soke
+sokeman
+sokemen
+sokes
+sokol
+sokols
+sol
+sola
+solace
+solaced
+solacer
+solacers
+solaces
+solacing
+solan
+soland
+solander
+solands
+solanin
+solanine
+solanins
+solano
+solanos
+solans
+solanum
+solanums
+solar
+solaria
+solarise
+solarism
+solarium
+solarize
+solate
+solated
+solates
+solatia
+solating
+solation
+solatium
+sold
+soldan
+soldans
+solder
+soldered
+solderer
+solders
+soldi
+soldier
+soldiers
+soldiery
+soldo
+sole
+solecise
+solecism
+solecist
+solecize
+soled
+solei
+soleless
+solely
+solemn
+solemner
+solemnly
+soleness
+solenoid
+soleret
+solerets
+soles
+soleus
+solfege
+solfeges
+solfeggi
+solgel
+soli
+solicit
+solicits
+solid
+solidago
+solidary
+solider
+solidest
+solidi
+solidify
+solidity
+solidly
+solids
+solidus
+soling
+solion
+solions
+soliquid
+solitary
+soliton
+solitons
+solitude
+solleret
+solo
+soloed
+soloing
+soloist
+soloists
+solon
+solonets
+solonetz
+solons
+solos
+sols
+solstice
+soluble
+solubles
+solubly
+solum
+solums
+solus
+solute
+solutes
+solution
+solvable
+solvate
+solvated
+solvates
+solve
+solved
+solvency
+solvent
+solvents
+solver
+solvers
+solves
+solving
+soma
+somas
+somata
+somatic
+somber
+somberly
+sombre
+sombrely
+sombrero
+sombrous
+some
+somebody
+someday
+somedeal
+somehow
+someone
+someones
+somerset
+sometime
+someway
+someways
+somewhat
+somewhen
+somewise
+somital
+somite
+somites
+somitic
+son
+sonance
+sonances
+sonant
+sonantal
+sonantic
+sonants
+sonar
+sonarman
+sonarmen
+sonars
+sonata
+sonatas
+sonatina
+sonatine
+sonde
+sonder
+sonders
+sondes
+sone
+sones
+song
+songbird
+songbook
+songfest
+songful
+songless
+songlike
+songs
+songster
+sonhood
+sonhoods
+sonic
+sonicate
+sonics
+sonless
+sonlike
+sonly
+sonnet
+sonneted
+sonnets
+sonnies
+sonny
+sonobuoy
+sonogram
+sonorant
+sonority
+sonorous
+sonovox
+sons
+sonship
+sonships
+sonsie
+sonsier
+sonsiest
+sonsy
+soochong
+sooey
+sook
+sooks
+soon
+sooner
+sooners
+soonest
+soot
+sooted
+sooth
+soothe
+soothed
+soother
+soothers
+soothes
+soothest
+soothing
+soothly
+sooths
+soothsay
+sootier
+sootiest
+sootily
+sooting
+soots
+sooty
+sop
+soph
+sophies
+sophism
+sophisms
+sophist
+sophists
+sophs
+sophy
+sopite
+sopited
+sopites
+sopiting
+sopor
+sopors
+sopped
+soppier
+soppiest
+sopping
+soppy
+soprani
+soprano
+sopranos
+sops
+sora
+soras
+sorb
+sorbable
+sorbate
+sorbates
+sorbed
+sorbent
+sorbents
+sorbet
+sorbets
+sorbic
+sorbing
+sorbitol
+sorbose
+sorboses
+sorbs
+sorcerer
+sorcery
+sord
+sordid
+sordidly
+sordine
+sordines
+sordini
+sordino
+sordor
+sordors
+sords
+sore
+sorehead
+sorel
+sorels
+sorely
+soreness
+sorer
+sores
+sorest
+sorgho
+sorghos
+sorghum
+sorghums
+sorgo
+sorgos
+sori
+soricine
+soring
+sorings
+sorites
+soritic
+sorn
+sorned
+sorner
+sorners
+sorning
+sorns
+soroche
+soroches
+sororal
+sororate
+sorority
+soroses
+sorosis
+sorption
+sorptive
+sorrel
+sorrels
+sorrier
+sorriest
+sorrily
+sorrow
+sorrowed
+sorrower
+sorrows
+sorry
+sort
+sortable
+sortably
+sorted
+sorter
+sorters
+sortie
+sortied
+sorties
+sorting
+sorts
+sorus
+sos
+sot
+soth
+soths
+sotol
+sotols
+sots
+sotted
+sottish
+sou
+souari
+souaris
+soubise
+soubises
+soucar
+soucars
+souchong
+soudan
+soudans
+souffle
+souffled
+souffles
+sough
+soughed
+soughing
+soughs
+sought
+souk
+souks
+soul
+souled
+soulful
+soulless
+soullike
+souls
+sound
+soundbox
+sounded
+sounder
+sounders
+soundest
+sounding
+soundly
+soundman
+soundmen
+sounds
+soup
+soupcon
+soupcons
+souped
+soupier
+soupiest
+souping
+soups
+soupy
+sour
+sourball
+source
+sourced
+sources
+sourcing
+sourdine
+soured
+sourer
+sourest
+souring
+sourish
+sourly
+sourness
+sourpuss
+sours
+soursop
+soursops
+sourwood
+sous
+souse
+soused
+souses
+sousing
+soutache
+soutane
+soutanes
+souter
+souters
+south
+southed
+souther
+southern
+southers
+southing
+southpaw
+southron
+souths
+souvenir
+souvlaki
+soviet
+soviets
+sovkhoz
+sovkhozy
+sovran
+sovranly
+sovrans
+sovranty
+sow
+sowable
+sowans
+sowar
+sowars
+sowbelly
+sowbread
+sowcar
+sowcars
+sowed
+sowens
+sower
+sowers
+sowing
+sown
+sows
+sox
+soy
+soya
+soyas
+soybean
+soybeans
+soymilk
+soymilks
+soys
+soyuz
+soyuzes
+sozin
+sozine
+sozines
+sozins
+sozzled
+spa
+space
+spaced
+spaceman
+spacemen
+spacer
+spacers
+spaces
+spacey
+spacial
+spacier
+spaciest
+spacing
+spacings
+spacious
+spackle
+spackled
+spackles
+spacy
+spade
+spaded
+spadeful
+spader
+spaders
+spades
+spadices
+spadille
+spading
+spadix
+spadixes
+spado
+spadones
+spae
+spaed
+spaeing
+spaeings
+spaes
+spaetzle
+spagyric
+spahee
+spahees
+spahi
+spahis
+spail
+spails
+spait
+spaits
+spake
+spale
+spales
+spall
+spalled
+spaller
+spallers
+spalling
+spalls
+spalpeen
+span
+spancel
+spancels
+spandex
+spandrel
+spandril
+spang
+spangle
+spangled
+spangles
+spangly
+spaniel
+spaniels
+spank
+spanked
+spanker
+spankers
+spanking
+spanks
+spanless
+spanned
+spanner
+spanners
+spanning
+spans
+spanworm
+spar
+sparable
+spare
+spared
+sparely
+sparer
+sparerib
+sparers
+spares
+sparest
+sparge
+sparged
+sparger
+spargers
+sparges
+sparging
+sparid
+sparids
+sparing
+spark
+sparked
+sparker
+sparkers
+sparkier
+sparkily
+sparking
+sparkish
+sparkle
+sparkled
+sparkler
+sparkles
+sparkly
+sparks
+sparky
+sparlike
+sparling
+sparoid
+sparoids
+sparred
+sparrier
+sparring
+sparrow
+sparrows
+sparry
+spars
+sparse
+sparsely
+sparser
+sparsest
+sparsity
+spartan
+spas
+spasm
+spasms
+spastic
+spastics
+spat
+spate
+spates
+spathal
+spathe
+spathed
+spathes
+spathic
+spathose
+spatial
+spats
+spatted
+spatter
+spatters
+spatting
+spatula
+spatular
+spatulas
+spatzle
+spavie
+spavies
+spaviet
+spavin
+spavined
+spavins
+spawn
+spawned
+spawner
+spawners
+spawning
+spawns
+spay
+spayed
+spaying
+spays
+spaz
+spazzes
+speak
+speaker
+speakers
+speaking
+speaks
+spean
+speaned
+speaning
+speans
+spear
+speared
+spearer
+spearers
+speargun
+spearing
+spearman
+spearmen
+spears
+spec
+specced
+speccing
+special
+specials
+speciate
+specie
+species
+specific
+specify
+specimen
+specious
+speck
+specked
+specking
+speckle
+speckled
+speckles
+specks
+specs
+spectate
+specter
+specters
+spectra
+spectral
+spectre
+spectres
+spectrum
+specula
+specular
+speculum
+sped
+speech
+speeches
+speed
+speeded
+speeder
+speeders
+speedier
+speedily
+speeding
+speedo
+speedos
+speeds
+speedup
+speedups
+speedway
+speedy
+speel
+speeled
+speeling
+speels
+speer
+speered
+speering
+speers
+speil
+speiled
+speiling
+speils
+speir
+speired
+speiring
+speirs
+speise
+speises
+speiss
+speisses
+spelaean
+spelean
+spell
+spelled
+speller
+spellers
+spelling
+spells
+spelt
+spelter
+spelters
+spelts
+speltz
+speltzes
+spelunk
+spelunks
+spence
+spencer
+spencers
+spences
+spend
+spender
+spenders
+spending
+spends
+spense
+spenses
+spent
+sperm
+spermary
+spermic
+spermine
+spermous
+sperms
+spew
+spewed
+spewer
+spewers
+spewing
+spews
+sphagnum
+sphene
+sphenes
+sphenic
+sphenoid
+spheral
+sphere
+sphered
+spheres
+spheric
+spherics
+spherier
+sphering
+spheroid
+spherule
+sphery
+sphinges
+sphingid
+sphinx
+sphinxes
+sphygmic
+sphygmus
+spic
+spica
+spicae
+spicas
+spicate
+spicated
+spiccato
+spice
+spiced
+spicer
+spicers
+spicery
+spices
+spicey
+spicier
+spiciest
+spicily
+spicing
+spick
+spicks
+spics
+spicula
+spiculae
+spicular
+spicule
+spicules
+spiculum
+spicy
+spider
+spiders
+spidery
+spied
+spiegel
+spiegels
+spiel
+spieled
+spieler
+spielers
+spieling
+spiels
+spier
+spiered
+spiering
+spiers
+spies
+spiff
+spiffed
+spiffier
+spiffily
+spiffing
+spiffs
+spiffy
+spigot
+spigots
+spik
+spike
+spiked
+spikelet
+spiker
+spikers
+spikes
+spikey
+spikier
+spikiest
+spikily
+spiking
+spiks
+spiky
+spile
+spiled
+spiles
+spilikin
+spiling
+spilings
+spill
+spillage
+spilled
+spiller
+spillers
+spilling
+spills
+spillway
+spilt
+spilth
+spilths
+spin
+spinach
+spinachy
+spinage
+spinages
+spinal
+spinally
+spinals
+spinate
+spindle
+spindled
+spindler
+spindles
+spindly
+spine
+spined
+spinel
+spinelle
+spinels
+spines
+spinet
+spinets
+spinier
+spiniest
+spinifex
+spinless
+spinner
+spinners
+spinnery
+spinney
+spinneys
+spinnies
+spinning
+spinny
+spinoff
+spinoffs
+spinor
+spinors
+spinose
+spinous
+spinout
+spinouts
+spins
+spinster
+spinto
+spintos
+spinula
+spinulae
+spinule
+spinules
+spiny
+spiracle
+spiraea
+spiraeas
+spiral
+spiraled
+spirally
+spirals
+spirant
+spirants
+spire
+spirea
+spireas
+spired
+spirem
+spireme
+spiremes
+spirems
+spires
+spirier
+spiriest
+spirilla
+spiring
+spirit
+spirited
+spirits
+spiroid
+spirt
+spirted
+spirting
+spirts
+spirula
+spirulae
+spirulas
+spiry
+spit
+spital
+spitals
+spitball
+spite
+spited
+spiteful
+spites
+spitfire
+spiting
+spits
+spitted
+spitter
+spitters
+spitting
+spittle
+spittles
+spittoon
+spitz
+spitzes
+spiv
+spivs
+splake
+splakes
+splash
+splashed
+splasher
+splashes
+splashy
+splat
+splats
+splatted
+splatter
+splay
+splayed
+splaying
+splays
+spleen
+spleens
+spleeny
+splendid
+splendor
+splenia
+splenial
+splenic
+splenii
+splenium
+splenius
+splent
+splents
+splice
+spliced
+splicer
+splicers
+splices
+splicing
+spliff
+spliffs
+spline
+splined
+splines
+splining
+splint
+splinted
+splinter
+splints
+split
+splits
+splitter
+splodge
+splodged
+splodges
+splore
+splores
+splosh
+sploshed
+sploshes
+splotch
+splotchy
+splurge
+splurged
+splurger
+splurges
+splurgy
+splutter
+spode
+spodes
+spoil
+spoilage
+spoiled
+spoiler
+spoilers
+spoiling
+spoils
+spoilt
+spoke
+spoked
+spoken
+spokes
+spoking
+spoliate
+spondaic
+spondee
+spondees
+sponge
+sponged
+sponger
+spongers
+sponges
+spongier
+spongily
+spongin
+sponging
+spongins
+spongy
+sponsal
+sponsion
+sponson
+sponsons
+sponsor
+sponsors
+spontoon
+spoof
+spoofed
+spoofer
+spoofers
+spoofery
+spoofing
+spoofs
+spoofy
+spook
+spooked
+spookery
+spookier
+spookily
+spooking
+spookish
+spooks
+spooky
+spool
+spooled
+spooling
+spools
+spoon
+spooned
+spooney
+spooneys
+spoonful
+spoonier
+spoonies
+spoonily
+spooning
+spoons
+spoony
+spoor
+spoored
+spooring
+spoors
+sporadic
+sporal
+spore
+spored
+spores
+sporing
+sporoid
+sporozoa
+sporran
+sporrans
+sport
+sported
+sporter
+sporters
+sportful
+sportier
+sportif
+sportily
+sporting
+sportive
+sports
+sporty
+sporular
+sporule
+sporules
+spot
+spotless
+spotlit
+spots
+spotted
+spotter
+spotters
+spottier
+spottily
+spotting
+spotty
+spousal
+spousals
+spouse
+spoused
+spouses
+spousing
+spout
+spouted
+spouter
+spouters
+spouting
+spouts
+spraddle
+sprag
+sprags
+sprain
+sprained
+sprains
+sprang
+sprangs
+sprat
+sprats
+sprattle
+sprawl
+sprawled
+sprawler
+sprawls
+sprawly
+spray
+sprayed
+sprayer
+sprayers
+spraying
+sprays
+spread
+spreader
+spreads
+spree
+sprees
+sprent
+sprier
+spriest
+sprig
+sprigged
+sprigger
+spriggy
+spright
+sprights
+sprigs
+spring
+springal
+springe
+springed
+springer
+springes
+springs
+springy
+sprinkle
+sprint
+sprinted
+sprinter
+sprints
+sprit
+sprite
+sprites
+sprits
+spritz
+spritzed
+spritzer
+spritzes
+sprocket
+sprout
+sprouted
+sprouts
+spruce
+spruced
+sprucely
+sprucer
+spruces
+sprucest
+sprucier
+sprucing
+sprucy
+sprue
+sprues
+sprug
+sprugs
+sprung
+spry
+spryer
+spryest
+spryly
+spryness
+spud
+spudded
+spudder
+spudders
+spudding
+spuds
+spue
+spued
+spues
+spuing
+spume
+spumed
+spumes
+spumier
+spumiest
+spuming
+spumone
+spumones
+spumoni
+spumonis
+spumous
+spumy
+spun
+spunk
+spunked
+spunkie
+spunkier
+spunkies
+spunkily
+spunking
+spunks
+spunky
+spur
+spurgall
+spurge
+spurges
+spurious
+spurn
+spurned
+spurner
+spurners
+spurning
+spurns
+spurred
+spurrer
+spurrers
+spurrey
+spurreys
+spurrier
+spurries
+spurring
+spurry
+spurs
+spurt
+spurted
+spurting
+spurtle
+spurtles
+spurts
+sputa
+sputnik
+sputniks
+sputter
+sputters
+sputum
+spy
+spyglass
+spying
+squab
+squabble
+squabby
+squabs
+squad
+squadded
+squadron
+squads
+squalene
+squalid
+squall
+squalled
+squaller
+squalls
+squally
+squalor
+squalors
+squama
+squamae
+squamate
+squamose
+squamous
+squander
+square
+squared
+squarely
+squarer
+squarers
+squares
+squarest
+squaring
+squarish
+squash
+squashed
+squasher
+squashes
+squashy
+squat
+squatly
+squats
+squatted
+squatter
+squatty
+squaw
+squawk
+squawked
+squawker
+squawks
+squaws
+squeak
+squeaked
+squeaker
+squeaks
+squeaky
+squeal
+squealed
+squealer
+squeals
+squeegee
+squeeze
+squeezed
+squeezer
+squeezes
+squeg
+squegged
+squegs
+squelch
+squelchy
+squib
+squibbed
+squibs
+squid
+squidded
+squids
+squiffed
+squiffy
+squiggle
+squiggly
+squilgee
+squill
+squilla
+squillae
+squillas
+squills
+squinch
+squinny
+squint
+squinted
+squinter
+squints
+squinty
+squire
+squired
+squireen
+squires
+squiring
+squirish
+squirm
+squirmed
+squirmer
+squirms
+squirmy
+squirrel
+squirt
+squirted
+squirter
+squirts
+squish
+squished
+squishes
+squishy
+squoosh
+squooshy
+squush
+squushed
+squushes
+sraddha
+sraddhas
+sradha
+sradhas
+sri
+sris
+stab
+stabbed
+stabber
+stabbers
+stabbing
+stabile
+stabiles
+stable
+stabled
+stabler
+stablers
+stables
+stablest
+stabling
+stablish
+stably
+stabs
+staccati
+staccato
+stack
+stacked
+stacker
+stackers
+stacking
+stacks
+stackup
+stackups
+stacte
+stactes
+staddle
+staddles
+stade
+stades
+stadia
+stadias
+stadium
+stadiums
+staff
+staffed
+staffer
+staffers
+staffing
+staffs
+stag
+stage
+staged
+stageful
+stager
+stagers
+stages
+stagey
+staggard
+staggart
+stagged
+stagger
+staggers
+staggery
+staggie
+staggier
+staggies
+stagging
+staggy
+stagier
+stagiest
+stagily
+staging
+stagings
+stagnant
+stagnate
+stags
+stagy
+staid
+staider
+staidest
+staidly
+staig
+staigs
+stain
+stained
+stainer
+stainers
+staining
+stains
+stair
+stairs
+stairway
+staithe
+staithes
+stake
+staked
+stakeout
+stakes
+staking
+stalag
+stalags
+stale
+staled
+stalely
+staler
+stales
+stalest
+staling
+stalk
+stalked
+stalker
+stalkers
+stalkier
+stalkily
+stalking
+stalks
+stalky
+stall
+stalled
+stalling
+stallion
+stalls
+stalwart
+stamen
+stamens
+stamina
+staminal
+staminas
+stammel
+stammels
+stammer
+stammers
+stamp
+stamped
+stampede
+stamper
+stampers
+stamping
+stamps
+stance
+stances
+stanch
+stanched
+stancher
+stanches
+stanchly
+stand
+standard
+standby
+standbys
+standee
+standees
+stander
+standers
+standing
+standish
+standoff
+standout
+standpat
+stands
+standup
+stane
+staned
+stanes
+stang
+stanged
+stanging
+stangs
+stanhope
+stanine
+stanines
+staning
+stank
+stanks
+stannary
+stannic
+stannite
+stannous
+stannum
+stannums
+stanza
+stanzaed
+stanzaic
+stanzas
+stapedes
+stapelia
+stapes
+staph
+staphs
+staple
+stapled
+stapler
+staplers
+staples
+stapling
+star
+starch
+starched
+starches
+starchy
+stardom
+stardoms
+stardust
+stare
+stared
+starer
+starers
+stares
+starets
+starfish
+stargaze
+staring
+stark
+starker
+starkers
+starkest
+starkly
+starless
+starlet
+starlets
+starlike
+starling
+starlit
+starnose
+starred
+starrier
+starring
+starry
+stars
+starship
+start
+started
+starter
+starters
+starting
+startle
+startled
+startler
+startles
+starts
+startsy
+startup
+startups
+starve
+starved
+starver
+starvers
+starves
+starving
+starwort
+stases
+stash
+stashed
+stashes
+stashing
+stasima
+stasimon
+stasis
+stat
+statable
+statal
+statant
+state
+stated
+statedly
+stately
+stater
+staters
+states
+static
+statical
+statice
+statices
+staticky
+statics
+stating
+station
+stations
+statism
+statisms
+statist
+statists
+stative
+statives
+stator
+stators
+stats
+statuary
+statue
+statued
+statues
+stature
+statures
+status
+statuses
+statusy
+statute
+statutes
+staumrel
+staunch
+stave
+staved
+staves
+staving
+staw
+stay
+stayed
+stayer
+stayers
+staying
+stays
+staysail
+stead
+steaded
+steadied
+steadier
+steadies
+steadily
+steading
+steads
+steady
+steak
+steaks
+steal
+stealage
+stealer
+stealers
+stealing
+steals
+stealth
+stealths
+stealthy
+steam
+steamed
+steamer
+steamers
+steamier
+steamily
+steaming
+steams
+steamy
+steapsin
+stearate
+stearic
+stearin
+stearine
+stearins
+steatite
+stedfast
+steed
+steeds
+steek
+steeked
+steeking
+steeks
+steel
+steeled
+steelie
+steelier
+steelies
+steeling
+steels
+steely
+steenbok
+steep
+steeped
+steepen
+steepens
+steeper
+steepers
+steepest
+steeping
+steepish
+steeple
+steepled
+steeples
+steeply
+steeps
+steer
+steerage
+steered
+steerer
+steerers
+steering
+steers
+steeve
+steeved
+steeves
+steeving
+stegodon
+stein
+steinbok
+steins
+stela
+stelae
+stelai
+stelar
+stele
+stelene
+steles
+stelic
+stella
+stellar
+stellas
+stellate
+stellify
+stem
+stemless
+stemlike
+stemma
+stemmas
+stemmata
+stemmed
+stemmer
+stemmers
+stemmery
+stemmier
+stemming
+stemmy
+stems
+stemson
+stemsons
+stemware
+stench
+stenches
+stenchy
+stencil
+stencils
+stengah
+stengahs
+steno
+stenoky
+stenos
+stenosed
+stenoses
+stenosis
+stenotic
+stentor
+stentors
+step
+stepdame
+steplike
+steppe
+stepped
+stepper
+steppers
+steppes
+stepping
+steps
+stepson
+stepsons
+stepwise
+stere
+stereo
+stereoed
+stereos
+steres
+steric
+sterical
+sterigma
+sterile
+sterlet
+sterlets
+sterling
+stern
+sterna
+sternal
+sterner
+sternest
+sternite
+sternly
+sterns
+sternson
+sternum
+sternums
+sternway
+steroid
+steroids
+sterol
+sterols
+stertor
+stertors
+stet
+stets
+stetted
+stetting
+stew
+steward
+stewards
+stewbum
+stewbums
+stewed
+stewing
+stewpan
+stewpans
+stews
+stey
+sthenia
+sthenias
+sthenic
+stibial
+stibine
+stibines
+stibium
+stibiums
+stibnite
+stich
+stichic
+stichs
+stick
+sticked
+sticker
+stickers
+stickful
+stickier
+stickily
+sticking
+stickit
+stickle
+stickled
+stickler
+stickles
+stickman
+stickmen
+stickout
+stickpin
+sticks
+stickum
+stickums
+stickup
+stickups
+sticky
+stiction
+stied
+sties
+stiff
+stiffed
+stiffen
+stiffens
+stiffer
+stiffest
+stiffing
+stiffish
+stiffly
+stiffs
+stifle
+stifled
+stifler
+stiflers
+stifles
+stifling
+stigma
+stigmal
+stigmas
+stigmata
+stilbene
+stilbite
+stile
+stiles
+stiletto
+still
+stilled
+stiller
+stillest
+stillier
+stilling
+stillman
+stillmen
+stills
+stilly
+stilt
+stilted
+stilting
+stilts
+stime
+stimes
+stimied
+stimies
+stimuli
+stimulus
+stimy
+stimying
+sting
+stinger
+stingers
+stingier
+stingily
+stinging
+stingo
+stingos
+stingray
+stings
+stingy
+stink
+stinkard
+stinkbug
+stinker
+stinkers
+stinkier
+stinking
+stinko
+stinkpot
+stinks
+stinky
+stint
+stinted
+stinter
+stinters
+stinting
+stints
+stipe
+stiped
+stipel
+stipels
+stipend
+stipends
+stipes
+stipites
+stipple
+stippled
+stippler
+stipples
+stipular
+stipule
+stipuled
+stipules
+stir
+stirk
+stirks
+stirp
+stirpes
+stirps
+stirred
+stirrer
+stirrers
+stirring
+stirrup
+stirrups
+stirs
+stitch
+stitched
+stitcher
+stitches
+stithied
+stithies
+stithy
+stiver
+stivers
+stoa
+stoae
+stoai
+stoas
+stoat
+stoats
+stob
+stobbed
+stobbing
+stobs
+stoccado
+stoccata
+stock
+stockade
+stockcar
+stocked
+stocker
+stockers
+stockier
+stockily
+stocking
+stockish
+stockist
+stockman
+stockmen
+stockpot
+stocks
+stocky
+stodge
+stodged
+stodges
+stodgier
+stodgily
+stodging
+stodgy
+stogey
+stogeys
+stogie
+stogies
+stogy
+stoic
+stoical
+stoicism
+stoics
+stoke
+stoked
+stoker
+stokers
+stokes
+stokesia
+stoking
+stole
+stoled
+stolen
+stoles
+stolid
+stolider
+stolidly
+stollen
+stollens
+stolon
+stolonic
+stolons
+stolport
+stoma
+stomach
+stomachs
+stomachy
+stomal
+stomas
+stomata
+stomatal
+stomate
+stomates
+stomatic
+stomodea
+stomp
+stomped
+stomper
+stompers
+stomping
+stomps
+stonable
+stone
+stoned
+stonefly
+stoner
+stoners
+stones
+stoney
+stonier
+stoniest
+stonily
+stoning
+stonish
+stony
+stood
+stooge
+stooged
+stooges
+stooging
+stook
+stooked
+stooker
+stookers
+stooking
+stooks
+stool
+stooled
+stoolie
+stoolies
+stooling
+stools
+stoop
+stooped
+stooper
+stoopers
+stooping
+stoops
+stop
+stopbank
+stopcock
+stope
+stoped
+stoper
+stopers
+stopes
+stopgap
+stopgaps
+stoping
+stopover
+stoppage
+stopped
+stopper
+stoppers
+stopping
+stopple
+stoppled
+stopples
+stops
+stopt
+storable
+storage
+storages
+storax
+storaxes
+store
+stored
+stores
+storey
+storeyed
+storeys
+storied
+stories
+storing
+stork
+storks
+storm
+stormed
+stormier
+stormily
+storming
+storms
+stormy
+story
+storying
+stoss
+stotinka
+stotinki
+stound
+stounded
+stounds
+stoup
+stoups
+stour
+stoure
+stoures
+stourie
+stours
+stoury
+stout
+stouten
+stoutens
+stouter
+stoutest
+stoutish
+stoutly
+stouts
+stove
+stover
+stovers
+stoves
+stow
+stowable
+stowage
+stowages
+stowaway
+stowed
+stowing
+stowp
+stowps
+stows
+straddle
+strafe
+strafed
+strafer
+strafers
+strafes
+strafing
+straggle
+straggly
+straight
+strain
+strained
+strainer
+strains
+strait
+straiten
+straiter
+straitly
+straits
+strake
+straked
+strakes
+stramash
+stramony
+strand
+stranded
+strander
+strands
+strang
+strange
+stranger
+strangle
+strap
+strapped
+strapper
+straps
+strass
+strasses
+strata
+stratal
+stratas
+strategy
+strath
+straths
+strati
+stratify
+stratous
+stratum
+stratums
+stratus
+stravage
+stravaig
+straw
+strawed
+strawhat
+strawier
+strawing
+straws
+strawy
+stray
+strayed
+strayer
+strayers
+straying
+strays
+streak
+streaked
+streaker
+streaks
+streaky
+stream
+streamed
+streamer
+streams
+streamy
+streek
+streeked
+streeker
+streeks
+streel
+streeled
+streels
+street
+streets
+strength
+strep
+streps
+stress
+stressed
+stresses
+stressor
+stretch
+stretchy
+stretta
+strettas
+strette
+stretti
+stretto
+strettos
+streusel
+strew
+strewed
+strewer
+strewers
+strewing
+strewn
+strews
+stria
+striae
+striate
+striated
+striates
+strick
+stricken
+strickle
+stricks
+strict
+stricter
+strictly
+stridden
+stride
+strident
+strider
+striders
+strides
+striding
+stridor
+stridors
+strife
+strifes
+strigil
+strigils
+strigose
+strike
+striker
+strikers
+strikes
+striking
+string
+stringed
+stringer
+strings
+stringy
+strip
+stripe
+striped
+striper
+stripers
+stripes
+stripier
+striping
+stripped
+stripper
+strips
+stript
+stripy
+strive
+strived
+striven
+striver
+strivers
+strives
+striving
+strobe
+strobes
+strobic
+strobil
+strobila
+strobile
+strobili
+strobils
+strode
+stroke
+stroked
+stroker
+strokers
+strokes
+stroking
+stroll
+strolled
+stroller
+strolls
+stroma
+stromal
+stromata
+strong
+stronger
+strongly
+strongyl
+strontia
+strontic
+strook
+strop
+strophe
+strophes
+strophic
+stropped
+stropper
+stroppy
+strops
+stroud
+strouds
+strove
+strow
+strowed
+strowing
+strown
+strows
+stroy
+stroyed
+stroyer
+stroyers
+stroying
+stroys
+struck
+strucken
+strudel
+strudels
+struggle
+strum
+struma
+strumae
+strumas
+strummed
+strummer
+strumose
+strumous
+strumpet
+strums
+strung
+strunt
+strunted
+strunts
+strut
+struts
+strutted
+strutter
+stub
+stubbed
+stubbier
+stubbily
+stubbing
+stubble
+stubbled
+stubbles
+stubbly
+stubborn
+stubby
+stubs
+stucco
+stuccoed
+stuccoer
+stuccoes
+stuccos
+stuck
+stud
+studbook
+studded
+studdie
+studdies
+studding
+student
+students
+studfish
+studied
+studier
+studiers
+studies
+studio
+studios
+studious
+studlier
+studly
+studs
+studwork
+study
+studying
+stuff
+stuffed
+stuffer
+stuffers
+stuffier
+stuffily
+stuffing
+stuffs
+stuffy
+stuiver
+stuivers
+stull
+stulls
+stultify
+stum
+stumble
+stumbled
+stumbler
+stumbles
+stummed
+stumming
+stump
+stumpage
+stumped
+stumper
+stumpers
+stumpier
+stumping
+stumps
+stumpy
+stums
+stun
+stung
+stunk
+stunned
+stunner
+stunners
+stunning
+stuns
+stunsail
+stunt
+stunted
+stunting
+stuntman
+stuntmen
+stunts
+stupa
+stupas
+stupe
+stupefy
+stupes
+stupid
+stupider
+stupidly
+stupids
+stupor
+stupors
+sturdied
+sturdier
+sturdies
+sturdily
+sturdy
+sturgeon
+sturt
+sturts
+stutter
+stutters
+sty
+stye
+styed
+styes
+stygian
+stying
+stylar
+stylate
+style
+styled
+styler
+stylers
+styles
+stylet
+stylets
+styli
+styling
+stylings
+stylise
+stylised
+styliser
+stylises
+stylish
+stylist
+stylists
+stylite
+stylites
+stylitic
+stylize
+stylized
+stylizer
+stylizes
+styloid
+stylus
+styluses
+stymie
+stymied
+stymies
+stymy
+stymying
+stypsis
+styptic
+styptics
+styrax
+styraxes
+styrene
+styrenes
+suable
+suably
+suasion
+suasions
+suasive
+suasory
+suave
+suavely
+suaver
+suavest
+suavity
+sub
+suba
+subabbot
+subacid
+subacrid
+subacute
+subadar
+subadars
+subadult
+subagent
+subah
+subahdar
+subahs
+subalar
+subarea
+subareas
+subarid
+subas
+subatom
+subatoms
+subaxial
+subbase
+subbases
+subbasin
+subbass
+subbed
+subbing
+subbings
+subblock
+subbreed
+subcaste
+subcause
+subcell
+subcells
+subchief
+subclan
+subclans
+subclass
+subclerk
+subcode
+subcodes
+subcool
+subcools
+subcult
+subcults
+subcutes
+subcutis
+subdean
+subdeans
+subdeb
+subdebs
+subdepot
+subdual
+subduals
+subduce
+subduced
+subduces
+subduct
+subducts
+subdue
+subdued
+subduer
+subduers
+subdues
+subduing
+subdural
+subecho
+subedit
+subedits
+subentry
+subepoch
+suber
+suberect
+suberic
+suberin
+suberins
+suberise
+suberize
+suberose
+suberous
+subers
+subfield
+subfile
+subfiles
+subfix
+subfixes
+subfloor
+subfluid
+subframe
+subfusc
+subgenre
+subgenus
+subgoal
+subgoals
+subgrade
+subgraph
+subgroup
+subgum
+subgums
+subhead
+subheads
+subhuman
+subhumid
+subidea
+subideas
+subindex
+subitem
+subitems
+subito
+subject
+subjects
+subjoin
+subjoins
+sublate
+sublated
+sublates
+sublease
+sublet
+sublets
+sublevel
+sublime
+sublimed
+sublimer
+sublimes
+subline
+sublines
+sublot
+sublots
+sublunar
+submenu
+submenus
+submerge
+submerse
+submiss
+submit
+submits
+subnasal
+subnet
+subnets
+subniche
+subnodal
+suboptic
+suboral
+suborder
+suborn
+suborned
+suborner
+suborns
+suboval
+subovate
+suboxide
+subpanel
+subpar
+subpart
+subparts
+subpena
+subpenas
+subphase
+subphyla
+subplot
+subplots
+subpoena
+subpolar
+subpubic
+subrace
+subraces
+subrent
+subrents
+subring
+subrings
+subrule
+subrules
+subs
+subsale
+subsales
+subscale
+subsea
+subsect
+subsects
+subsense
+subsere
+subseres
+subserve
+subset
+subsets
+subshaft
+subshell
+subshrub
+subside
+subsided
+subsider
+subsides
+subsidy
+subsist
+subsists
+subsite
+subsites
+subskill
+subsoil
+subsoils
+subsolar
+subsonic
+subspace
+substage
+substate
+subsume
+subsumed
+subsumes
+subtask
+subtasks
+subtaxa
+subtaxon
+subteen
+subteens
+subtend
+subtends
+subtest
+subtests
+subtext
+subtexts
+subtheme
+subtile
+subtiler
+subtilin
+subtilty
+subtitle
+subtle
+subtler
+subtlest
+subtlety
+subtly
+subtone
+subtones
+subtonic
+subtopia
+subtopic
+subtotal
+subtract
+subtrend
+subtribe
+subtunic
+subtype
+subtypes
+subulate
+subunit
+subunits
+suburb
+suburban
+suburbed
+suburbia
+suburbs
+subvene
+subvened
+subvenes
+subvert
+subverts
+subvicar
+subviral
+subvocal
+subway
+subwayed
+subways
+subworld
+subzero
+subzone
+subzones
+succah
+succahs
+succeed
+succeeds
+success
+succinct
+succinic
+succinyl
+succor
+succored
+succorer
+succors
+succory
+succoth
+succour
+succours
+succuba
+succubae
+succubi
+succubus
+succumb
+succumbs
+succuss
+such
+suchlike
+suchness
+suck
+sucked
+sucker
+suckered
+suckers
+suckfish
+sucking
+suckle
+suckled
+suckler
+sucklers
+suckles
+suckless
+suckling
+sucks
+sucrase
+sucrases
+sucre
+sucres
+sucrose
+sucroses
+suction
+suctions
+sudaria
+sudaries
+sudarium
+sudary
+sudation
+sudatory
+sudd
+sudden
+suddenly
+suddens
+sudds
+sudor
+sudoral
+sudors
+suds
+sudsed
+sudser
+sudsers
+sudses
+sudsier
+sudsiest
+sudsing
+sudsless
+sudsy
+sue
+sued
+suede
+sueded
+suedes
+sueding
+suer
+suers
+sues
+suet
+suets
+suety
+suffari
+suffaris
+suffer
+suffered
+sufferer
+suffers
+suffice
+sufficed
+sufficer
+suffices
+suffix
+suffixal
+suffixed
+suffixes
+sufflate
+suffrage
+suffuse
+suffused
+suffuses
+sugar
+sugared
+sugarier
+sugaring
+sugars
+sugary
+suggest
+suggests
+sugh
+sughed
+sughing
+sughs
+suicidal
+suicide
+suicided
+suicides
+suing
+suint
+suints
+suit
+suitable
+suitably
+suitcase
+suite
+suited
+suiter
+suiters
+suites
+suiting
+suitings
+suitlike
+suitor
+suitors
+suits
+sukiyaki
+sukkah
+sukkahs
+sukkot
+sukkoth
+sulcal
+sulcate
+sulcated
+sulci
+sulcus
+suldan
+suldans
+sulfa
+sulfas
+sulfate
+sulfated
+sulfates
+sulfid
+sulfide
+sulfides
+sulfids
+sulfinyl
+sulfite
+sulfites
+sulfitic
+sulfo
+sulfone
+sulfones
+sulfonic
+sulfonyl
+sulfur
+sulfured
+sulfuret
+sulfuric
+sulfurs
+sulfury
+sulfuryl
+sulk
+sulked
+sulker
+sulkers
+sulkier
+sulkies
+sulkiest
+sulkily
+sulking
+sulks
+sulky
+sullage
+sullages
+sullen
+sullener
+sullenly
+sullied
+sullies
+sully
+sullying
+sulpha
+sulphas
+sulphate
+sulphid
+sulphide
+sulphids
+sulphite
+sulphone
+sulphur
+sulphurs
+sulphury
+sultan
+sultana
+sultanas
+sultanic
+sultans
+sultrier
+sultrily
+sultry
+sulu
+sulus
+sum
+sumac
+sumach
+sumachs
+sumacs
+sumless
+summa
+summable
+summae
+summand
+summands
+summary
+summas
+summate
+summated
+summates
+summed
+summer
+summered
+summerly
+summers
+summery
+summing
+summit
+summital
+summited
+summitry
+summits
+summon
+summoned
+summoner
+summons
+sumo
+sumos
+sump
+sumps
+sumpter
+sumpters
+sumpweed
+sums
+sun
+sunback
+sunbaked
+sunbath
+sunbathe
+sunbaths
+sunbeam
+sunbeams
+sunbeamy
+sunbelt
+sunbelts
+sunbird
+sunbirds
+sunblock
+sunbow
+sunbows
+sunburn
+sunburns
+sunburnt
+sunburst
+sunchoke
+sundae
+sundaes
+sundeck
+sundecks
+sunder
+sundered
+sunderer
+sunders
+sundew
+sundews
+sundial
+sundials
+sundog
+sundogs
+sundown
+sundowns
+sundress
+sundries
+sundrops
+sundry
+sunfast
+sunfish
+sung
+sunglass
+sunglow
+sunglows
+sunk
+sunken
+sunket
+sunkets
+sunlamp
+sunlamps
+sunland
+sunlands
+sunless
+sunlight
+sunlike
+sunlit
+sunn
+sunna
+sunnah
+sunnahs
+sunnas
+sunned
+sunnier
+sunniest
+sunnily
+sunning
+sunns
+sunny
+sunporch
+sunproof
+sunrise
+sunrises
+sunroof
+sunroofs
+sunroom
+sunrooms
+suns
+sunscald
+sunset
+sunsets
+sunshade
+sunshine
+sunshiny
+sunspot
+sunspots
+sunstone
+sunsuit
+sunsuits
+suntan
+suntans
+sunup
+sunups
+sunward
+sunwards
+sunwise
+sup
+supe
+super
+superadd
+superb
+superbad
+superber
+superbly
+supercar
+supercop
+supered
+superego
+superfan
+superfix
+superhit
+superhot
+supering
+superior
+superjet
+superlay
+superlie
+superman
+supermen
+supermom
+supernal
+superpro
+supers
+supersex
+superspy
+supertax
+supes
+supinate
+supine
+supinely
+supines
+supped
+supper
+suppers
+supping
+supplant
+supple
+suppled
+supplely
+suppler
+supples
+supplest
+supplied
+supplier
+supplies
+suppling
+supply
+support
+supports
+supposal
+suppose
+supposed
+supposer
+supposes
+suppress
+supra
+supreme
+supremer
+supremo
+supremos
+sups
+suq
+suqs
+sura
+surah
+surahs
+sural
+suras
+surbase
+surbased
+surbases
+surcease
+surcoat
+surcoats
+surd
+surds
+sure
+surefire
+surely
+sureness
+surer
+surest
+sureties
+surety
+surf
+surfable
+surface
+surfaced
+surfacer
+surfaces
+surfbird
+surfboat
+surfed
+surfeit
+surfeits
+surfer
+surfers
+surffish
+surfier
+surfiest
+surfing
+surfings
+surflike
+surfs
+surfy
+surge
+surged
+surgeon
+surgeons
+surger
+surgers
+surgery
+surges
+surgical
+surging
+surgy
+suricate
+surimi
+surlier
+surliest
+surlily
+surly
+surmise
+surmised
+surmiser
+surmises
+surmount
+surname
+surnamed
+surnamer
+surnames
+surpass
+surplice
+surplus
+surprint
+surprise
+surprize
+surra
+surras
+surreal
+surrey
+surreys
+surround
+surroyal
+surtax
+surtaxed
+surtaxes
+surtout
+surtouts
+surveil
+surveils
+survey
+surveyed
+surveyor
+surveys
+survival
+survive
+survived
+surviver
+survives
+survivor
+sushi
+sushis
+suslik
+susliks
+suspect
+suspects
+suspend
+suspends
+suspense
+suspire
+suspired
+suspires
+suss
+sussed
+susses
+sussing
+sustain
+sustains
+susurrus
+sutler
+sutlers
+sutra
+sutras
+sutta
+suttas
+suttee
+suttees
+sutural
+suture
+sutured
+sutures
+suturing
+suzerain
+svaraj
+svarajes
+svedberg
+svelte
+sveltely
+svelter
+sveltest
+swab
+swabbed
+swabber
+swabbers
+swabbie
+swabbies
+swabbing
+swabby
+swabs
+swacked
+swaddle
+swaddled
+swaddles
+swag
+swage
+swaged
+swager
+swagers
+swages
+swagged
+swagger
+swaggers
+swaggie
+swaggies
+swagging
+swaging
+swagman
+swagmen
+swags
+swail
+swails
+swain
+swainish
+swains
+swale
+swales
+swallow
+swallows
+swam
+swami
+swamies
+swamis
+swamp
+swamped
+swamper
+swampers
+swampier
+swamping
+swampish
+swamps
+swampy
+swamy
+swan
+swang
+swanherd
+swank
+swanked
+swanker
+swankest
+swankier
+swankily
+swanking
+swanks
+swanky
+swanlike
+swanned
+swannery
+swanning
+swanpan
+swanpans
+swans
+swanskin
+swap
+swapped
+swapper
+swappers
+swapping
+swaps
+swaraj
+swarajes
+sward
+swarded
+swarding
+swards
+sware
+swarf
+swarfs
+swarm
+swarmed
+swarmer
+swarmers
+swarming
+swarms
+swart
+swarth
+swarths
+swarthy
+swarty
+swash
+swashed
+swasher
+swashers
+swashes
+swashing
+swastica
+swastika
+swat
+swatch
+swatches
+swath
+swathe
+swathed
+swather
+swathers
+swathes
+swathing
+swaths
+swats
+swatted
+swatter
+swatters
+swatting
+sway
+swayable
+swayback
+swayed
+swayer
+swayers
+swayful
+swaying
+sways
+swear
+swearer
+swearers
+swearing
+swears
+sweat
+sweatbox
+sweated
+sweater
+sweaters
+sweatier
+sweatily
+sweating
+sweats
+sweaty
+swede
+swedes
+sweenies
+sweeny
+sweep
+sweeper
+sweepers
+sweepier
+sweeping
+sweeps
+sweepy
+sweer
+sweet
+sweeten
+sweetens
+sweeter
+sweetest
+sweetie
+sweeties
+sweeting
+sweetish
+sweetly
+sweets
+sweetsop
+swell
+swelled
+sweller
+swellest
+swelling
+swells
+swelter
+swelters
+sweltry
+swept
+swerve
+swerved
+swerver
+swervers
+swerves
+swerving
+sweven
+swevens
+swidden
+swiddens
+swift
+swifter
+swifters
+swiftest
+swiftlet
+swiftly
+swifts
+swig
+swigged
+swigger
+swiggers
+swigging
+swigs
+swill
+swilled
+swiller
+swillers
+swilling
+swills
+swim
+swimmer
+swimmers
+swimmier
+swimmily
+swimming
+swimmy
+swims
+swimsuit
+swimwear
+swindle
+swindled
+swindler
+swindles
+swine
+swinepox
+swing
+swingby
+swingbys
+swinge
+swinged
+swinger
+swingers
+swinges
+swingier
+swinging
+swingle
+swingled
+swingles
+swingman
+swingmen
+swings
+swingy
+swinish
+swink
+swinked
+swinking
+swinks
+swinney
+swinneys
+swipe
+swiped
+swipes
+swiping
+swiple
+swiples
+swipple
+swipples
+swirl
+swirled
+swirlier
+swirling
+swirls
+swirly
+swish
+swished
+swisher
+swishers
+swishes
+swishier
+swishing
+swishy
+swiss
+swisses
+switch
+switched
+switcher
+switches
+swith
+swithe
+swither
+swithers
+swithly
+swive
+swived
+swivel
+swiveled
+swivels
+swives
+swivet
+swivets
+swiving
+swizzle
+swizzled
+swizzler
+swizzles
+swob
+swobbed
+swobber
+swobbers
+swobbing
+swobs
+swollen
+swoon
+swooned
+swooner
+swooners
+swooning
+swoons
+swoop
+swooped
+swooper
+swoopers
+swooping
+swoops
+swoosh
+swooshed
+swooshes
+swop
+swopped
+swopping
+swops
+sword
+swordman
+swordmen
+swords
+swore
+sworn
+swot
+swots
+swotted
+swotter
+swotters
+swotting
+swoun
+swound
+swounded
+swounds
+swouned
+swouning
+swouns
+swum
+swung
+sybarite
+sybo
+syboes
+sycamine
+sycamore
+syce
+sycee
+sycees
+syces
+sycomore
+syconia
+syconium
+sycoses
+sycosis
+syenite
+syenites
+syenitic
+syke
+sykes
+syli
+sylis
+syllabi
+syllabic
+syllable
+syllabub
+syllabus
+sylph
+sylphic
+sylphid
+sylphids
+sylphish
+sylphs
+sylphy
+sylva
+sylvae
+sylvan
+sylvans
+sylvas
+sylvatic
+sylvin
+sylvine
+sylvines
+sylvins
+sylvite
+sylvites
+symbion
+symbions
+symbiont
+symbiot
+symbiote
+symbiots
+symbol
+symboled
+symbolic
+symbols
+symmetry
+sympathy
+sympatry
+symphony
+sympodia
+symposia
+symptom
+symptoms
+syn
+synagog
+synagogs
+synanon
+synanons
+synapse
+synapsed
+synapses
+synapsid
+synapsis
+synaptic
+sync
+syncarp
+syncarps
+syncarpy
+synced
+synch
+synched
+synching
+synchro
+synchros
+synchs
+syncing
+syncline
+syncom
+syncoms
+syncopal
+syncope
+syncopes
+syncopic
+syncs
+syncytia
+syndeses
+syndesis
+syndet
+syndetic
+syndets
+syndic
+syndical
+syndics
+syndrome
+syne
+synectic
+synergia
+synergic
+synergid
+synergy
+synesis
+synfuel
+synfuels
+syngamic
+syngamy
+syngas
+syngases
+synod
+synodal
+synodic
+synods
+synonym
+synonyme
+synonyms
+synonymy
+synopses
+synopsis
+synoptic
+synovia
+synovial
+synovias
+syntagma
+syntax
+syntaxes
+synth
+synths
+syntonic
+syntony
+synura
+synurae
+syph
+sypher
+syphered
+syphers
+syphilis
+syphon
+syphoned
+syphons
+syphs
+syren
+syrens
+syringa
+syringas
+syringe
+syringed
+syringes
+syrinx
+syrinxes
+syrphian
+syrphid
+syrphids
+syrup
+syrups
+syrupy
+sysop
+sysops
+system
+systemic
+systems
+systole
+systoles
+systolic
+syzygal
+syzygial
+syzygies
+syzygy
+ta
+tab
+tabanid
+tabanids
+tabard
+tabarded
+tabards
+tabaret
+tabarets
+tabbed
+tabbied
+tabbies
+tabbing
+tabbis
+tabbises
+tabby
+tabbying
+taber
+tabered
+tabering
+tabers
+tabes
+tabetic
+tabetics
+tabid
+tabla
+tablas
+table
+tableau
+tableaus
+tableaux
+tabled
+tableful
+tables
+tablet
+tableted
+tabletop
+tablets
+tabling
+tabloid
+tabloids
+taboo
+tabooed
+tabooing
+tabooley
+taboos
+tabor
+tabored
+taborer
+taborers
+taboret
+taborets
+taborin
+taborine
+taboring
+taborins
+tabors
+tabouli
+taboulis
+tabour
+taboured
+tabourer
+tabouret
+tabours
+tabs
+tabu
+tabued
+tabuing
+tabular
+tabulate
+tabuli
+tabulis
+tabun
+tabuns
+tabus
+tace
+taces
+tacet
+tach
+tache
+taches
+tachinid
+tachism
+tachisme
+tachisms
+tachist
+tachiste
+tachists
+tachs
+tachyon
+tachyons
+tacit
+tacitly
+taciturn
+tack
+tacked
+tacker
+tackers
+tacket
+tackets
+tackey
+tackier
+tackiest
+tackify
+tackily
+tacking
+tackle
+tackled
+tackler
+tacklers
+tackles
+tackless
+tackling
+tacks
+tacky
+tacnode
+tacnodes
+taco
+taconite
+tacos
+tact
+tactful
+tactic
+tactical
+tactics
+tactile
+taction
+tactions
+tactless
+tacts
+tactual
+tad
+tadpole
+tadpoles
+tads
+tae
+tael
+taels
+taenia
+taeniae
+taenias
+taffarel
+tafferel
+taffeta
+taffetas
+taffia
+taffias
+taffies
+taffrail
+taffy
+tafia
+tafias
+tag
+tagalong
+tagboard
+tagged
+tagger
+taggers
+tagging
+taglike
+tagmeme
+tagmemes
+tagmemic
+tagrag
+tagrags
+tags
+tahini
+tahinis
+tahr
+tahrs
+tahsil
+tahsils
+taiga
+taigas
+taiglach
+tail
+tailback
+tailbone
+tailcoat
+tailed
+tailer
+tailers
+tailfan
+tailfans
+tailgate
+tailing
+tailings
+taillamp
+taille
+tailles
+tailless
+tailleur
+taillike
+tailor
+tailored
+tailors
+tailpipe
+tailrace
+tails
+tailskid
+tailspin
+tailwind
+tain
+tains
+taint
+tainted
+tainting
+taints
+taipan
+taipans
+taj
+tajes
+taka
+takable
+takahe
+takahes
+take
+takeable
+takeaway
+takedown
+taken
+takeoff
+takeoffs
+takeout
+takeouts
+takeover
+taker
+takers
+takes
+takeup
+takeups
+takin
+taking
+takingly
+takings
+takins
+tala
+talapoin
+talar
+talaria
+talars
+talas
+talc
+talced
+talcing
+talcked
+talcking
+talcky
+talcose
+talcous
+talcs
+talcum
+talcums
+tale
+talent
+talented
+talents
+taler
+talers
+tales
+talesman
+talesmen
+taleysim
+tali
+talion
+talions
+taliped
+talipeds
+talipes
+talipot
+talipots
+talisman
+talk
+talkable
+talked
+talker
+talkers
+talkie
+talkier
+talkies
+talkiest
+talking
+talkings
+talks
+talky
+tall
+tallage
+tallaged
+tallages
+tallboy
+tallboys
+taller
+tallest
+tallied
+tallier
+talliers
+tallies
+tallis
+tallish
+tallisim
+tallit
+tallith
+tallitim
+tallness
+tallol
+tallols
+tallow
+tallowed
+tallows
+tallowy
+tally
+tallyho
+tallyhos
+tallying
+tallyman
+tallymen
+talmudic
+talon
+taloned
+talons
+talooka
+talookas
+taluk
+taluka
+talukas
+taluks
+talus
+taluses
+tam
+tamable
+tamal
+tamale
+tamales
+tamals
+tamandu
+tamandua
+tamandus
+tamarack
+tamarao
+tamaraos
+tamarau
+tamaraus
+tamari
+tamarin
+tamarind
+tamarins
+tamaris
+tamarisk
+tamasha
+tamashas
+tambac
+tambacs
+tambak
+tambaks
+tambala
+tambalas
+tambour
+tamboura
+tambours
+tambur
+tambura
+tamburas
+tamburs
+tame
+tameable
+tamed
+tamein
+tameins
+tameless
+tamely
+tameness
+tamer
+tamers
+tames
+tamest
+taming
+tamis
+tamises
+tammie
+tammies
+tammy
+tamp
+tampala
+tampalas
+tampan
+tampans
+tamped
+tamper
+tampered
+tamperer
+tampers
+tamping
+tampion
+tampions
+tampon
+tamponed
+tampons
+tamps
+tams
+tan
+tanager
+tanagers
+tanbark
+tanbarks
+tandem
+tandems
+tandoor
+tandoori
+tang
+tanged
+tangelo
+tangelos
+tangence
+tangency
+tangent
+tangents
+tangible
+tangibly
+tangier
+tangiest
+tanging
+tangle
+tangled
+tangler
+tanglers
+tangles
+tanglier
+tangling
+tangly
+tango
+tangoed
+tangoing
+tangos
+tangram
+tangrams
+tangs
+tangy
+tanist
+tanistry
+tanists
+tank
+tanka
+tankage
+tankages
+tankard
+tankards
+tankas
+tanked
+tanker
+tankers
+tankful
+tankfuls
+tanking
+tanklike
+tanks
+tankship
+tannable
+tannage
+tannages
+tannate
+tannates
+tanned
+tanner
+tanners
+tannery
+tannest
+tannic
+tannin
+tanning
+tannings
+tannins
+tannish
+tanrec
+tanrecs
+tans
+tansies
+tansy
+tantalic
+tantalum
+tantalus
+tantara
+tantaras
+tantivy
+tanto
+tantra
+tantras
+tantric
+tantrum
+tantrums
+tanuki
+tanukis
+tanyard
+tanyards
+tao
+taos
+tap
+tapa
+tapadera
+tapadero
+tapalo
+tapalos
+tapas
+tape
+taped
+tapeless
+tapelike
+tapeline
+taper
+tapered
+taperer
+taperers
+tapering
+tapers
+tapes
+tapestry
+tapeta
+tapetal
+tapetum
+tapeworm
+taphole
+tapholes
+taphouse
+taping
+tapioca
+tapiocas
+tapir
+tapirs
+tapis
+tapises
+tapped
+tapper
+tappers
+tappet
+tappets
+tapping
+tappings
+taproom
+taprooms
+taproot
+taproots
+taps
+tapster
+tapsters
+tar
+tarama
+taramas
+tarantas
+tarboosh
+tarbush
+tardier
+tardies
+tardiest
+tardily
+tardo
+tardy
+tardyon
+tardyons
+tare
+tared
+tares
+targe
+targes
+target
+targeted
+targets
+tariff
+tariffed
+tariffs
+taring
+tarlatan
+tarletan
+tarmac
+tarmacs
+tarn
+tarnal
+tarnally
+tarnish
+tarns
+taro
+taroc
+tarocs
+tarok
+taroks
+taros
+tarot
+tarots
+tarp
+tarpan
+tarpans
+tarpaper
+tarpon
+tarpons
+tarps
+tarragon
+tarre
+tarred
+tarres
+tarried
+tarrier
+tarriers
+tarries
+tarriest
+tarring
+tarry
+tarrying
+tars
+tarsal
+tarsals
+tarsi
+tarsia
+tarsias
+tarsier
+tarsiers
+tarsus
+tart
+tartan
+tartana
+tartanas
+tartans
+tartar
+tartaric
+tartars
+tarted
+tarter
+tartest
+tarting
+tartish
+tartlet
+tartlets
+tartly
+tartness
+tartrate
+tarts
+tartufe
+tartufes
+tartuffe
+tarty
+tarweed
+tarweeds
+tarzan
+tarzans
+tas
+task
+tasked
+tasking
+tasks
+taskwork
+tass
+tasse
+tassel
+tasseled
+tassels
+tasses
+tasset
+tassets
+tassie
+tassies
+tastable
+taste
+tasted
+tasteful
+taster
+tasters
+tastes
+tastier
+tastiest
+tastily
+tasting
+tasty
+tat
+tatami
+tatamis
+tatar
+tatars
+tate
+tater
+taters
+tates
+tatouay
+tatouays
+tats
+tatted
+tatter
+tattered
+tatters
+tattie
+tattier
+tatties
+tattiest
+tattily
+tatting
+tattings
+tattle
+tattled
+tattler
+tattlers
+tattles
+tattling
+tattoo
+tattooed
+tattooer
+tattoos
+tatty
+tau
+taught
+taunt
+taunted
+taunter
+taunters
+taunting
+taunts
+taupe
+taupes
+taurine
+taurines
+taus
+taut
+tautaug
+tautaugs
+tauted
+tauten
+tautened
+tautens
+tauter
+tautest
+tauting
+tautly
+tautness
+tautog
+tautogs
+tautomer
+tautonym
+tauts
+tav
+tavern
+taverna
+tavernas
+taverner
+taverns
+tavs
+taw
+tawdrier
+tawdries
+tawdrily
+tawdry
+tawed
+tawer
+tawers
+tawie
+tawing
+tawney
+tawneys
+tawnier
+tawnies
+tawniest
+tawnily
+tawny
+tawpie
+tawpies
+taws
+tawse
+tawsed
+tawses
+tawsing
+tax
+taxa
+taxable
+taxables
+taxably
+taxation
+taxed
+taxeme
+taxemes
+taxemic
+taxer
+taxers
+taxes
+taxi
+taxicab
+taxicabs
+taxied
+taxies
+taxiing
+taximan
+taximen
+taxing
+taxingly
+taxis
+taxite
+taxites
+taxitic
+taxiway
+taxiways
+taxless
+taxman
+taxmen
+taxon
+taxonomy
+taxons
+taxpaid
+taxpayer
+taxus
+taxwise
+taxying
+tazza
+tazzas
+tazze
+tea
+teaberry
+teaboard
+teabowl
+teabowls
+teabox
+teaboxes
+teacake
+teacakes
+teacart
+teacarts
+teach
+teacher
+teachers
+teaches
+teaching
+teacup
+teacups
+teahouse
+teak
+teaks
+teakwood
+teal
+tealike
+teals
+team
+teamaker
+teamed
+teaming
+teammate
+teams
+teamster
+teamwork
+teapot
+teapots
+teapoy
+teapoys
+tear
+tearable
+tearaway
+teardown
+teardrop
+teared
+tearer
+tearers
+tearful
+teargas
+tearier
+teariest
+tearily
+tearing
+tearless
+tearoom
+tearooms
+tears
+teary
+teas
+tease
+teased
+teasel
+teaseled
+teaseler
+teasels
+teaser
+teasers
+teases
+teashop
+teashops
+teasing
+teaspoon
+teat
+teated
+teatime
+teatimes
+teats
+teaware
+teawares
+teazel
+teazeled
+teazels
+teazle
+teazled
+teazles
+teazling
+teched
+techie
+techier
+techies
+techiest
+techily
+technic
+technics
+techy
+tecta
+tectal
+tectite
+tectites
+tectonic
+tectrix
+tectum
+ted
+tedded
+tedder
+tedders
+teddies
+tedding
+teddy
+tedious
+tedium
+tediums
+teds
+tee
+teed
+teeing
+teel
+teels
+teem
+teemed
+teemer
+teemers
+teeming
+teems
+teen
+teenage
+teenaged
+teenager
+teener
+teeners
+teenful
+teenier
+teeniest
+teens
+teensier
+teensy
+teentsy
+teeny
+teenybop
+teepee
+teepees
+tees
+teeter
+teetered
+teeters
+teeth
+teethe
+teethed
+teether
+teethers
+teethes
+teething
+teetotal
+teetotum
+teff
+teffs
+tefillin
+teg
+tegmen
+tegmenta
+tegmina
+tegminal
+tegs
+tegua
+teguas
+tegular
+tegumen
+tegument
+tegumina
+teiglach
+teiid
+teiids
+teind
+teinds
+tektite
+tektites
+tektitic
+tel
+tela
+telae
+telamon
+tele
+telecast
+teledu
+teledus
+telefilm
+telega
+telegas
+telegony
+telegram
+teleman
+telemark
+telemen
+teleost
+teleosts
+telepath
+teleplay
+teleport
+teleran
+telerans
+teles
+teleses
+telesis
+telestic
+teletext
+telethon
+teleview
+televise
+telex
+telexed
+telexes
+telexing
+telfer
+telfered
+telfers
+telford
+telfords
+telia
+telial
+telic
+telium
+tell
+tellable
+teller
+tellers
+tellies
+telling
+tells
+telltale
+telluric
+telly
+tellys
+teloi
+telome
+telomere
+telomes
+telomic
+telos
+telpher
+telphers
+tels
+telson
+telsonic
+telsons
+temblor
+temblors
+temerity
+temp
+temped
+tempeh
+tempehs
+temper
+tempera
+temperas
+tempered
+temperer
+tempers
+tempest
+tempests
+tempi
+temping
+templar
+templars
+template
+temple
+templed
+temples
+templet
+templets
+tempo
+temporal
+tempos
+temps
+tempt
+tempted
+tempter
+tempters
+tempting
+tempts
+tempura
+tempuras
+ten
+tenable
+tenably
+tenace
+tenaces
+tenacity
+tenacula
+tenail
+tenaille
+tenails
+tenancy
+tenant
+tenanted
+tenantry
+tenants
+tench
+tenches
+tend
+tendance
+tended
+tendence
+tendency
+tender
+tendered
+tenderer
+tenderly
+tenders
+tending
+tendon
+tendons
+tendril
+tendrils
+tends
+tenebrae
+tenement
+tenesmic
+tenesmus
+tenet
+tenets
+tenfold
+tenfolds
+tenia
+teniae
+tenias
+teniases
+teniasis
+tenner
+tenners
+tennies
+tennis
+tennises
+tennist
+tennists
+tenon
+tenoned
+tenoner
+tenoners
+tenoning
+tenons
+tenor
+tenorist
+tenorite
+tenors
+tenotomy
+tenour
+tenours
+tenpence
+tenpenny
+tenpin
+tenpins
+tenrec
+tenrecs
+tens
+tense
+tensed
+tensely
+tenser
+tenses
+tensest
+tensible
+tensibly
+tensile
+tensing
+tension
+tensions
+tensity
+tensive
+tensor
+tensors
+tent
+tentacle
+tentage
+tentages
+tented
+tenter
+tentered
+tenters
+tenth
+tenthly
+tenths
+tentie
+tentier
+tentiest
+tenting
+tentless
+tentlike
+tents
+tenty
+tenues
+tenuis
+tenuity
+tenuous
+tenure
+tenured
+tenures
+tenurial
+tenuti
+tenuto
+tenutos
+teocalli
+teopan
+teopans
+teosinte
+tepa
+tepal
+tepals
+tepas
+tepee
+tepees
+tepefied
+tepefies
+tepefy
+tephra
+tephras
+tephrite
+tepid
+tepidity
+tepidly
+tepoy
+tepoys
+tequila
+tequilas
+terai
+terais
+teraohm
+teraohms
+teraph
+teraphim
+teratism
+teratoid
+teratoma
+terawatt
+terbia
+terbias
+terbic
+terbium
+terbiums
+terce
+tercel
+tercelet
+tercels
+terces
+tercet
+tercets
+terebene
+terebic
+teredo
+teredos
+terefah
+terete
+terga
+tergal
+tergite
+tergites
+tergum
+teriyaki
+term
+termed
+termer
+termers
+terminal
+terming
+termini
+terminus
+termite
+termites
+termitic
+termless
+termly
+termor
+termors
+terms
+termtime
+tern
+ternary
+ternate
+terne
+ternes
+ternion
+ternions
+terns
+terpene
+terpenes
+terpenic
+terpinol
+terra
+terrace
+terraced
+terraces
+terrae
+terrain
+terrains
+terrane
+terranes
+terrapin
+terraria
+terras
+terrases
+terrazzo
+terreen
+terreens
+terrella
+terrene
+terrenes
+terret
+terrets
+terrible
+terribly
+terrier
+terriers
+terries
+terrific
+terrify
+terrine
+terrines
+territ
+territs
+terror
+terrors
+terry
+terse
+tersely
+terser
+tersest
+tertial
+tertials
+tertian
+tertians
+tertiary
+tesla
+teslas
+tessera
+tesserae
+test
+testa
+testable
+testacy
+testae
+testate
+testates
+testator
+tested
+testee
+testees
+tester
+testers
+testes
+testicle
+testier
+testiest
+testify
+testily
+testing
+testis
+teston
+testons
+testoon
+testoons
+tests
+testudo
+testudos
+testy
+tet
+tetanal
+tetanic
+tetanics
+tetanies
+tetanise
+tetanize
+tetanoid
+tetanus
+tetany
+tetched
+tetchier
+tetchily
+tetchy
+teth
+tether
+tethered
+tethers
+teths
+tetotum
+tetotums
+tetra
+tetracid
+tetrad
+tetradic
+tetrads
+tetragon
+tetramer
+tetrapod
+tetrarch
+tetras
+tetrode
+tetrodes
+tetroxid
+tetryl
+tetryls
+tets
+tetter
+tetters
+teuch
+teugh
+teughly
+tew
+tewed
+tewing
+tews
+texas
+texases
+text
+textbook
+textile
+textiles
+textless
+texts
+textual
+textuary
+textural
+texture
+textured
+textures
+thack
+thacked
+thacking
+thacks
+thae
+thairm
+thairms
+thalami
+thalamic
+thalamus
+thaler
+thalers
+thalli
+thallic
+thallium
+thalloid
+thallous
+thallus
+than
+thanage
+thanages
+thanatos
+thane
+thanes
+thank
+thanked
+thanker
+thankers
+thankful
+thanking
+thanks
+tharm
+tharms
+that
+thataway
+thatch
+thatched
+thatcher
+thatches
+thatchy
+thaw
+thawed
+thawer
+thawers
+thawing
+thawless
+thaws
+the
+thearchy
+theater
+theaters
+theatre
+theatres
+theatric
+thebaine
+thebe
+theca
+thecae
+thecal
+thecate
+thee
+theelin
+theelins
+theelol
+theelols
+theft
+thefts
+thegn
+thegnly
+thegns
+thein
+theine
+theines
+theins
+their
+theirs
+theism
+theisms
+theist
+theistic
+theists
+thelitis
+them
+thematic
+theme
+themed
+themes
+theming
+then
+thenage
+thenages
+thenal
+thenar
+thenars
+thence
+thens
+theocrat
+theodicy
+theogony
+theolog
+theologs
+theology
+theonomy
+theorbo
+theorbos
+theorem
+theorems
+theories
+theorise
+theorist
+theorize
+theory
+therapy
+there
+thereat
+thereby
+therefor
+therein
+theremin
+thereof
+thereon
+theres
+thereto
+theriac
+theriaca
+theriacs
+therm
+thermae
+thermal
+thermals
+therme
+thermel
+thermels
+thermes
+thermic
+thermion
+thermite
+thermos
+therms
+theroid
+theropod
+thesauri
+these
+theses
+thesis
+thespian
+theta
+thetas
+thetic
+thetical
+theurgic
+theurgy
+thew
+thewier
+thewiest
+thewless
+thews
+thewy
+they
+thiamin
+thiamine
+thiamins
+thiazide
+thiazin
+thiazine
+thiazins
+thiazol
+thiazole
+thiazols
+thick
+thicken
+thickens
+thicker
+thickest
+thicket
+thickets
+thickety
+thickish
+thickly
+thicks
+thickset
+thief
+thieve
+thieved
+thievery
+thieves
+thieving
+thievish
+thigh
+thighed
+thighs
+thill
+thills
+thimble
+thimbles
+thin
+thinclad
+thindown
+thine
+thing
+things
+think
+thinker
+thinkers
+thinking
+thinks
+thinly
+thinned
+thinner
+thinners
+thinness
+thinnest
+thinning
+thinnish
+thins
+thio
+thiol
+thiolic
+thiols
+thionate
+thionic
+thionin
+thionine
+thionins
+thionyl
+thionyls
+thiophen
+thiotepa
+thiourea
+thir
+thiram
+thirams
+third
+thirdly
+thirds
+thirl
+thirlage
+thirled
+thirling
+thirls
+thirst
+thirsted
+thirster
+thirsts
+thirsty
+thirteen
+thirties
+thirty
+this
+thistle
+thistles
+thistly
+thither
+tho
+thole
+tholed
+tholepin
+tholes
+tholing
+tholoi
+tholos
+thong
+thonged
+thongs
+thoracal
+thoraces
+thoracic
+thorax
+thoraxes
+thoria
+thorias
+thoric
+thorite
+thorites
+thorium
+thoriums
+thorn
+thorned
+thornier
+thornily
+thorning
+thorns
+thorny
+thoro
+thoron
+thorons
+thorough
+thorp
+thorpe
+thorpes
+thorps
+those
+thou
+thoued
+though
+thought
+thoughts
+thouing
+thous
+thousand
+thowless
+thraldom
+thrall
+thralled
+thralls
+thrash
+thrashed
+thrasher
+thrashes
+thrave
+thraves
+thraw
+thrawart
+thrawed
+thrawing
+thrawn
+thrawnly
+thraws
+thread
+threaded
+threader
+threads
+thready
+threap
+threaped
+threaper
+threaps
+threat
+threated
+threaten
+threats
+three
+threep
+threeped
+threeps
+threes
+threnode
+threnody
+thresh
+threshed
+thresher
+threshes
+threw
+thrice
+thrift
+thrifts
+thrifty
+thrill
+thrilled
+thriller
+thrills
+thrip
+thrips
+thrive
+thrived
+thriven
+thriver
+thrivers
+thrives
+thriving
+thro
+throat
+throated
+throats
+throaty
+throb
+throbbed
+throbber
+throbs
+throe
+throes
+thrombi
+thrombin
+thrombus
+throne
+throned
+thrones
+throng
+thronged
+throngs
+throning
+throstle
+throttle
+through
+throve
+throw
+thrower
+throwers
+throwing
+thrown
+throws
+thru
+thrum
+thrummed
+thrummer
+thrummy
+thrums
+thruput
+thruputs
+thrush
+thrushes
+thrust
+thrusted
+thruster
+thrustor
+thrusts
+thruway
+thruways
+thud
+thudded
+thudding
+thuds
+thug
+thuggee
+thuggees
+thuggery
+thuggish
+thugs
+thuja
+thujas
+thulia
+thulias
+thulium
+thuliums
+thumb
+thumbed
+thumbing
+thumbkin
+thumbnut
+thumbs
+thump
+thumped
+thumper
+thumpers
+thumping
+thumps
+thunder
+thunders
+thundery
+thunk
+thunked
+thunking
+thunks
+thurible
+thurifer
+thurl
+thurls
+thus
+thusly
+thuya
+thuyas
+thwack
+thwacked
+thwacker
+thwacks
+thwart
+thwarted
+thwarter
+thwartly
+thwarts
+thy
+thyme
+thymes
+thymey
+thymi
+thymic
+thymier
+thymiest
+thymine
+thymines
+thymol
+thymols
+thymosin
+thymus
+thymuses
+thymy
+thyreoid
+thyroid
+thyroids
+thyroxin
+thyrse
+thyrses
+thyrsi
+thyrsoid
+thyrsus
+thyself
+ti
+tiara
+tiaraed
+tiaras
+tibia
+tibiae
+tibial
+tibias
+tic
+tical
+ticals
+tick
+ticked
+ticker
+tickers
+ticket
+ticketed
+tickets
+ticking
+tickings
+tickle
+tickled
+tickler
+ticklers
+tickles
+tickling
+ticklish
+ticks
+tickseed
+ticktack
+ticktock
+tics
+tictac
+tictacs
+tictoc
+tictocs
+tidal
+tidally
+tidbit
+tidbits
+tiddler
+tiddlers
+tiddly
+tide
+tided
+tideland
+tideless
+tidelike
+tidemark
+tiderip
+tiderips
+tides
+tideway
+tideways
+tidied
+tidier
+tidiers
+tidies
+tidiest
+tidily
+tidiness
+tiding
+tidings
+tidy
+tidying
+tidytips
+tie
+tieback
+tiebacks
+tieclasp
+tied
+tieing
+tieless
+tiepin
+tiepins
+tier
+tierce
+tierced
+tiercel
+tiercels
+tierces
+tiered
+tiering
+tiers
+ties
+tiff
+tiffany
+tiffed
+tiffin
+tiffined
+tiffing
+tiffins
+tiffs
+tiger
+tigereye
+tigerish
+tigers
+tight
+tighten
+tightens
+tighter
+tightest
+tightly
+tights
+tightwad
+tiglon
+tiglons
+tigon
+tigons
+tigress
+tigrish
+tike
+tikes
+tiki
+tikis
+til
+tilak
+tilaks
+tilapia
+tilapias
+tilbury
+tilde
+tildes
+tile
+tiled
+tilefish
+tilelike
+tiler
+tilers
+tiles
+tiling
+tilings
+till
+tillable
+tillage
+tillages
+tilled
+tiller
+tillered
+tillers
+tilling
+tillite
+tillites
+tills
+tils
+tilt
+tiltable
+tilted
+tilter
+tilters
+tilth
+tilths
+tilting
+tilts
+tiltyard
+timarau
+timaraus
+timbal
+timbale
+timbales
+timbals
+timber
+timbered
+timbers
+timbral
+timbre
+timbrel
+timbrels
+timbres
+time
+timecard
+timed
+timeless
+timelier
+timeline
+timely
+timeous
+timeout
+timeouts
+timer
+timers
+times
+timework
+timeworn
+timid
+timider
+timidest
+timidity
+timidly
+timing
+timings
+timolol
+timolols
+timorous
+timothy
+timpana
+timpani
+timpano
+timpanum
+tin
+tinamou
+tinamous
+tincal
+tincals
+tinct
+tincted
+tincting
+tincts
+tincture
+tinder
+tinders
+tindery
+tine
+tinea
+tineal
+tineas
+tined
+tineid
+tineids
+tines
+tinfoil
+tinfoils
+tinful
+tinfuls
+ting
+tinge
+tinged
+tingeing
+tinges
+tinging
+tingle
+tingled
+tingler
+tinglers
+tingles
+tinglier
+tingling
+tingly
+tings
+tinhorn
+tinhorns
+tinier
+tiniest
+tinily
+tininess
+tining
+tinker
+tinkered
+tinkerer
+tinkers
+tinkle
+tinkled
+tinkler
+tinklers
+tinkles
+tinklier
+tinkling
+tinkly
+tinlike
+tinman
+tinmen
+tinned
+tinner
+tinners
+tinnier
+tinniest
+tinnily
+tinning
+tinnitus
+tinny
+tinplate
+tins
+tinsel
+tinseled
+tinselly
+tinsels
+tinsmith
+tinstone
+tint
+tinted
+tinter
+tinters
+tinting
+tintings
+tintless
+tints
+tintype
+tintypes
+tinware
+tinwares
+tinwork
+tinworks
+tiny
+tip
+tipcart
+tipcarts
+tipcat
+tipcats
+tipi
+tipis
+tipless
+tipoff
+tipoffs
+tippable
+tipped
+tipper
+tippers
+tippet
+tippets
+tippier
+tippiest
+tipping
+tipple
+tippled
+tippler
+tipplers
+tipples
+tippling
+tippy
+tippytoe
+tips
+tipsier
+tipsiest
+tipsily
+tipstaff
+tipster
+tipsters
+tipstock
+tipsy
+tiptoe
+tiptoed
+tiptoes
+tiptop
+tiptops
+tirade
+tirades
+tiramisu
+tire
+tired
+tireder
+tiredest
+tiredly
+tireless
+tires
+tiresome
+tiring
+tirl
+tirled
+tirling
+tirls
+tiro
+tiros
+tirrivee
+tis
+tisane
+tisanes
+tissual
+tissue
+tissued
+tissues
+tissuey
+tissuing
+tissular
+tit
+titan
+titanate
+titaness
+titania
+titanias
+titanic
+titanism
+titanite
+titanium
+titanous
+titans
+titbit
+titbits
+titer
+titers
+titfer
+titfers
+tithable
+tithe
+tithed
+tither
+tithers
+tithes
+tithing
+tithings
+tithonia
+titi
+titian
+titians
+titis
+titivate
+titlark
+titlarks
+title
+titled
+titles
+titling
+titlist
+titlists
+titman
+titmen
+titmice
+titmouse
+titrable
+titrant
+titrants
+titrate
+titrated
+titrates
+titrator
+titre
+titres
+tits
+titter
+tittered
+titterer
+titters
+tittie
+titties
+tittle
+tittles
+tittup
+tittuped
+tittuppy
+tittups
+titty
+titular
+titulars
+titulary
+tivy
+tizzies
+tizzy
+tmeses
+tmesis
+to
+toad
+toadfish
+toadflax
+toadied
+toadies
+toadish
+toadless
+toadlike
+toads
+toady
+toadying
+toadyish
+toadyism
+toast
+toasted
+toaster
+toasters
+toastier
+toasting
+toasts
+toasty
+tobacco
+tobaccos
+tobies
+toboggan
+toby
+toccata
+toccatas
+toccate
+tocher
+tochered
+tochers
+tocology
+tocsin
+tocsins
+tod
+today
+todays
+toddies
+toddle
+toddled
+toddler
+toddlers
+toddles
+toddling
+toddy
+todies
+tods
+tody
+toe
+toea
+toecap
+toecaps
+toed
+toehold
+toeholds
+toeing
+toeless
+toelike
+toenail
+toenails
+toepiece
+toeplate
+toes
+toeshoe
+toeshoes
+toff
+toffee
+toffees
+toffies
+toffs
+toffy
+toft
+tofts
+tofu
+tofus
+tog
+toga
+togae
+togaed
+togas
+togate
+togated
+together
+togged
+toggery
+togging
+toggle
+toggled
+toggler
+togglers
+toggles
+toggling
+togs
+togue
+togues
+toil
+toile
+toiled
+toiler
+toilers
+toiles
+toilet
+toileted
+toiletry
+toilets
+toilette
+toilful
+toiling
+toils
+toilsome
+toilworn
+toit
+toited
+toiting
+toits
+tokamak
+tokamaks
+tokay
+tokays
+toke
+toked
+token
+tokened
+tokening
+tokenism
+tokens
+toker
+tokers
+tokes
+toking
+tokology
+tokomak
+tokomaks
+tokonoma
+tola
+tolan
+tolane
+tolanes
+tolans
+tolas
+tolbooth
+told
+tole
+toled
+toledo
+toledos
+tolerant
+tolerate
+toles
+tolidin
+tolidine
+tolidins
+toling
+toll
+tollage
+tollages
+tollbar
+tollbars
+tolled
+toller
+tollers
+tollgate
+tolling
+tollman
+tollmen
+tolls
+tollway
+tollways
+tolu
+toluate
+toluates
+toluene
+toluenes
+toluic
+toluid
+toluide
+toluides
+toluidin
+toluids
+toluol
+toluole
+toluoles
+toluols
+tolus
+toluyl
+toluyls
+tolyl
+tolyls
+tom
+tomahawk
+tomalley
+toman
+tomans
+tomato
+tomatoes
+tomatoey
+tomb
+tombac
+tomback
+tombacks
+tombacs
+tombak
+tombaks
+tombal
+tombed
+tombing
+tombless
+tomblike
+tombola
+tombolas
+tombolo
+tombolos
+tomboy
+tomboys
+tombs
+tomcat
+tomcats
+tomcod
+tomcods
+tome
+tomenta
+tomentum
+tomes
+tomfool
+tomfools
+tommed
+tommies
+tomming
+tommy
+tommyrot
+tomogram
+tomorrow
+tompion
+tompions
+toms
+tomtit
+tomtits
+ton
+tonal
+tonality
+tonally
+tondi
+tondo
+tondos
+tone
+tonearm
+tonearms
+toned
+toneless
+toneme
+tonemes
+tonemic
+toner
+toners
+tones
+tonetic
+tonetics
+tonette
+tonettes
+toney
+tong
+tonga
+tongas
+tonged
+tonger
+tongers
+tonging
+tongman
+tongmen
+tongs
+tongue
+tongued
+tongues
+tonguing
+tonic
+tonicity
+tonics
+tonier
+toniest
+tonight
+tonights
+toning
+tonish
+tonishly
+tonlet
+tonlets
+tonnage
+tonnages
+tonne
+tonneau
+tonneaus
+tonneaux
+tonner
+tonners
+tonnes
+tonnish
+tons
+tonsil
+tonsilar
+tonsils
+tonsure
+tonsured
+tonsures
+tontine
+tontines
+tonus
+tonuses
+tony
+too
+took
+tool
+toolbox
+tooled
+tooler
+toolers
+toolhead
+tooling
+toolings
+toolless
+toolroom
+tools
+toolshed
+toom
+toon
+toons
+toot
+tooted
+tooter
+tooters
+tooth
+toothed
+toothier
+toothily
+toothing
+tooths
+toothy
+tooting
+tootle
+tootled
+tootler
+tootlers
+tootles
+tootling
+toots
+tootses
+tootsie
+tootsies
+tootsy
+top
+topaz
+topazes
+topazine
+topcoat
+topcoats
+topcross
+tope
+toped
+topee
+topees
+toper
+topers
+topes
+topful
+topfull
+toph
+tophe
+tophes
+tophi
+tophs
+tophus
+topi
+topiary
+topic
+topical
+topics
+toping
+topis
+topkick
+topkicks
+topknot
+topknots
+topless
+topline
+toplines
+toplofty
+topmast
+topmasts
+topmost
+topnotch
+topoi
+topology
+toponym
+toponyms
+toponymy
+topos
+topotype
+topped
+topper
+toppers
+topping
+toppings
+topple
+toppled
+topples
+toppling
+tops
+topsail
+topsails
+topside
+topsider
+topsides
+topsoil
+topsoils
+topspin
+topspins
+topstone
+topwork
+topworks
+toque
+toques
+toquet
+toquets
+tor
+tora
+torah
+torahs
+toras
+torc
+torch
+torched
+torchere
+torches
+torchier
+torching
+torchon
+torchons
+torchy
+torcs
+tore
+toreador
+torero
+toreros
+tores
+toreutic
+tori
+toric
+tories
+torii
+torment
+torments
+torn
+tornadic
+tornado
+tornados
+tornillo
+toro
+toroid
+toroidal
+toroids
+toros
+torose
+torosity
+torot
+toroth
+torous
+torpedo
+torpedos
+torpid
+torpidly
+torpids
+torpor
+torpors
+torquate
+torque
+torqued
+torquer
+torquers
+torques
+torquing
+torr
+torrefy
+torrent
+torrents
+torrid
+torrider
+torridly
+torrify
+tors
+torsade
+torsades
+torse
+torses
+torsi
+torsion
+torsions
+torsk
+torsks
+torso
+torsos
+tort
+torte
+torten
+tortes
+tortile
+tortilla
+tortious
+tortoise
+tortoni
+tortonis
+tortrix
+torts
+tortuous
+torture
+tortured
+torturer
+tortures
+torula
+torulae
+torulas
+torus
+tory
+tosh
+toshes
+toss
+tossed
+tosser
+tossers
+tosses
+tossing
+tosspot
+tosspots
+tossup
+tossups
+tost
+tostada
+tostadas
+tostado
+tostados
+tot
+totable
+total
+totaled
+totaling
+totalise
+totalism
+totalist
+totality
+totalize
+totalled
+totally
+totals
+tote
+toted
+totem
+totemic
+totemism
+totemist
+totemite
+totems
+toter
+toters
+totes
+tother
+toting
+tots
+totted
+totter
+tottered
+totterer
+totters
+tottery
+totting
+toucan
+toucans
+touch
+touche
+touched
+toucher
+touchers
+touches
+touchier
+touchily
+touching
+touchup
+touchups
+touchy
+tough
+toughed
+toughen
+toughens
+tougher
+toughest
+toughie
+toughies
+toughing
+toughish
+toughly
+toughs
+toughy
+toupee
+toupees
+tour
+touraco
+touracos
+toured
+tourer
+tourers
+touring
+tourings
+tourism
+tourisms
+tourist
+tourists
+touristy
+tourney
+tourneys
+tours
+touse
+toused
+touses
+tousing
+tousle
+tousled
+tousles
+tousling
+tout
+touted
+touter
+touters
+touting
+touts
+touzle
+touzled
+touzles
+touzling
+tovarich
+tovarish
+tow
+towage
+towages
+toward
+towardly
+towards
+towaway
+towaways
+towboat
+towboats
+towed
+towel
+toweled
+toweling
+towelled
+towels
+tower
+towered
+towerier
+towering
+towers
+towery
+towhead
+towheads
+towhee
+towhees
+towie
+towies
+towing
+towline
+towlines
+towmond
+towmonds
+towmont
+towmonts
+town
+townee
+townees
+townfolk
+townhome
+townie
+townies
+townish
+townless
+townlet
+townlets
+towns
+township
+townsman
+townsmen
+townwear
+towny
+towpath
+towpaths
+towrope
+towropes
+tows
+towy
+toxaemia
+toxaemic
+toxemia
+toxemias
+toxemic
+toxic
+toxical
+toxicant
+toxicity
+toxics
+toxin
+toxine
+toxines
+toxins
+toxoid
+toxoids
+toy
+toyed
+toyer
+toyers
+toying
+toyish
+toyless
+toylike
+toyo
+toyon
+toyons
+toyos
+toys
+toyshop
+toyshops
+trabeate
+trace
+traced
+tracer
+tracers
+tracery
+traces
+trachea
+tracheae
+tracheal
+tracheas
+tracheid
+trachle
+trachled
+trachles
+trachoma
+trachyte
+tracing
+tracings
+track
+trackage
+tracked
+tracker
+trackers
+tracking
+trackman
+trackmen
+tracks
+trackway
+tract
+tractate
+tractile
+traction
+tractive
+tractor
+tractors
+tracts
+trad
+tradable
+trade
+traded
+tradeoff
+trader
+traders
+trades
+trading
+traditor
+traduce
+traduced
+traducer
+traduces
+traffic
+traffics
+tragedy
+tragi
+tragic
+tragical
+tragics
+tragopan
+tragus
+traik
+traiked
+traiking
+traiks
+trail
+trailed
+trailer
+trailers
+trailing
+trails
+train
+trained
+trainee
+trainees
+trainer
+trainers
+trainful
+training
+trainman
+trainmen
+trains
+trainway
+traipse
+traipsed
+traipses
+trait
+traitor
+traitors
+traits
+traject
+trajects
+tram
+tramcar
+tramcars
+tramel
+trameled
+tramell
+tramells
+tramels
+tramless
+tramline
+trammed
+trammel
+trammels
+tramming
+tramp
+tramped
+tramper
+trampers
+tramping
+trampish
+trample
+trampled
+trampler
+tramples
+tramps
+tramroad
+trams
+tramway
+tramways
+trance
+tranced
+trances
+tranche
+tranches
+trancing
+trangam
+trangams
+trank
+tranks
+tranq
+tranqs
+tranquil
+trans
+transact
+transect
+transept
+transfer
+transfix
+tranship
+transit
+transits
+transmit
+transom
+transoms
+transude
+trap
+trapan
+trapans
+trapball
+trapdoor
+trapes
+trapesed
+trapeses
+trapeze
+trapezes
+trapezia
+trapezii
+traplike
+trapline
+trapnest
+trappean
+trapped
+trapper
+trappers
+trapping
+trappose
+trappous
+traprock
+traps
+trapt
+trapunto
+trash
+trashed
+trashes
+trashier
+trashily
+trashing
+trashman
+trashmen
+trashy
+trass
+trasses
+trauchle
+trauma
+traumas
+traumata
+travail
+travails
+trave
+travel
+traveled
+traveler
+travelog
+travels
+traverse
+traves
+travesty
+travois
+travoise
+trawl
+trawled
+trawler
+trawlers
+trawley
+trawleys
+trawling
+trawlnet
+trawls
+tray
+trayful
+trayfuls
+trays
+treacle
+treacles
+treacly
+tread
+treaded
+treader
+treaders
+treading
+treadle
+treadled
+treadler
+treadles
+treads
+treason
+treasons
+treasure
+treasury
+treat
+treated
+treater
+treaters
+treaties
+treating
+treatise
+treats
+treaty
+treble
+trebled
+trebles
+trebling
+trebly
+trecento
+treddle
+treddled
+treddles
+tree
+treed
+treeing
+treelawn
+treeless
+treelike
+treen
+treenail
+treens
+trees
+treetop
+treetops
+tref
+trefah
+trefoil
+trefoils
+trehala
+trehalas
+trek
+trekked
+trekker
+trekkers
+trekking
+treks
+trellis
+tremble
+trembled
+trembler
+trembles
+trembly
+tremolo
+tremolos
+tremor
+tremors
+trenail
+trenails
+trench
+trenched
+trencher
+trenches
+trend
+trended
+trendier
+trendies
+trendily
+trending
+trends
+trendy
+trepan
+trepang
+trepangs
+trepans
+trephine
+trepid
+trespass
+tress
+tressed
+tressel
+tressels
+tresses
+tressier
+tressour
+tressure
+tressy
+trestle
+trestles
+tret
+trets
+trevet
+trevets
+trews
+trey
+treys
+triable
+triac
+triacid
+triacids
+triacs
+triad
+triadic
+triadics
+triadism
+triads
+triage
+triaged
+triages
+triaging
+trial
+trials
+triangle
+triarchy
+triaxial
+triazin
+triazine
+triazins
+triazole
+tribade
+tribades
+tribadic
+tribal
+tribally
+tribasic
+tribe
+tribes
+tribrach
+tribunal
+tribune
+tribunes
+tribute
+tributes
+trice
+triced
+triceps
+trices
+trichina
+trichite
+trichoid
+trichome
+tricing
+trick
+tricked
+tricker
+trickers
+trickery
+trickie
+trickier
+trickily
+tricking
+trickish
+trickle
+trickled
+trickles
+trickly
+tricks
+tricksy
+tricky
+triclad
+triclads
+tricolor
+tricorn
+tricorne
+tricorns
+tricot
+tricots
+trictrac
+tricycle
+trident
+tridents
+triduum
+triduums
+tried
+triene
+trienes
+triennia
+triens
+trientes
+trier
+triers
+tries
+triethyl
+trifecta
+trifid
+trifle
+trifled
+trifler
+triflers
+trifles
+trifling
+trifocal
+trifold
+triforia
+triform
+trig
+trigged
+trigger
+triggers
+triggest
+trigging
+trigly
+triglyph
+trigness
+trigo
+trigon
+trigonal
+trigons
+trigos
+trigram
+trigrams
+trigraph
+trigs
+trihedra
+trijet
+trijets
+trike
+trikes
+trilbies
+trilby
+trill
+trilled
+triller
+trillers
+trilling
+trillion
+trillium
+trills
+trilobal
+trilobed
+trilogy
+trim
+trimaran
+trimer
+trimeric
+trimers
+trimeter
+trimly
+trimmed
+trimmer
+trimmers
+trimmest
+trimming
+trimness
+trimorph
+trimotor
+trims
+trinal
+trinary
+trindle
+trindled
+trindles
+trine
+trined
+trines
+trining
+trinity
+trinket
+trinkets
+trinkums
+trinodal
+trio
+triode
+triodes
+triol
+triolet
+triolets
+triols
+trios
+triose
+trioses
+trioxid
+trioxide
+trioxids
+trip
+tripack
+tripacks
+tripart
+tripe
+tripedal
+tripes
+triphase
+triplane
+triple
+tripled
+triples
+triplet
+triplets
+triplex
+tripling
+triplite
+triploid
+triply
+tripod
+tripodal
+tripodic
+tripods
+tripody
+tripoli
+tripolis
+tripos
+triposes
+tripped
+tripper
+trippers
+trippet
+trippets
+trippier
+tripping
+trippy
+trips
+triptane
+triptyca
+triptych
+tripwire
+trireme
+triremes
+triscele
+trisect
+trisects
+triseme
+trisemes
+trisemic
+trishaw
+trishaws
+triskele
+trismic
+trismus
+trisome
+trisomes
+trisomic
+trisomy
+tristate
+triste
+tristeza
+tristful
+tristich
+trite
+tritely
+triter
+tritest
+trithing
+triticum
+tritium
+tritiums
+tritoma
+tritomas
+triton
+tritone
+tritones
+tritons
+triumph
+triumphs
+triumvir
+triune
+triunes
+triunity
+trivalve
+trivet
+trivets
+trivia
+trivial
+trivium
+troak
+troaked
+troaking
+troaks
+trocar
+trocars
+trochaic
+trochal
+trochar
+trochars
+troche
+trochee
+trochees
+troches
+trochil
+trochili
+trochils
+trochlea
+trochoid
+trock
+trocked
+trocking
+trocks
+trod
+trodden
+trode
+troffer
+troffers
+trogon
+trogons
+troika
+troikas
+troilism
+troilite
+troilus
+trois
+troke
+troked
+trokes
+troking
+troland
+trolands
+troll
+trolled
+troller
+trollers
+trolley
+trolleys
+trollied
+trollies
+trolling
+trollop
+trollops
+trollopy
+trolls
+trolly
+trombone
+trommel
+trommels
+tromp
+trompe
+tromped
+trompes
+tromping
+tromps
+trona
+tronas
+trone
+trones
+troop
+trooped
+trooper
+troopers
+troopial
+trooping
+troops
+trooz
+trop
+trope
+tropes
+trophic
+trophied
+trophies
+trophy
+tropic
+tropical
+tropics
+tropin
+tropine
+tropines
+tropins
+tropism
+tropisms
+troponin
+trot
+troth
+trothed
+trothing
+troths
+trotline
+trots
+trotted
+trotter
+trotters
+trotting
+trotyl
+trotyls
+trouble
+troubled
+troubler
+troubles
+trough
+troughs
+trounce
+trounced
+trouncer
+trounces
+troupe
+trouped
+trouper
+troupers
+troupes
+troupial
+trouping
+trouser
+trousers
+trout
+troutier
+trouts
+trouty
+trouvere
+trouveur
+trove
+trover
+trovers
+troves
+trow
+trowed
+trowel
+troweled
+troweler
+trowels
+trowing
+trows
+trowsers
+trowth
+trowths
+troy
+troys
+truancy
+truant
+truanted
+truantry
+truants
+truce
+truced
+truces
+trucing
+truck
+truckage
+trucked
+trucker
+truckers
+truckful
+trucking
+truckle
+truckled
+truckler
+truckles
+truckman
+truckmen
+trucks
+trudge
+trudged
+trudgen
+trudgens
+trudgeon
+trudger
+trudgers
+trudges
+trudging
+true
+trueblue
+trueborn
+truebred
+trued
+trueing
+truelove
+trueness
+truer
+trues
+truest
+truffe
+truffes
+truffle
+truffled
+truffles
+trug
+trugs
+truing
+truism
+truisms
+truistic
+trull
+trulls
+truly
+trumeau
+trumeaux
+trump
+trumped
+trumpery
+trumpet
+trumpets
+trumping
+trumps
+truncate
+trundle
+trundled
+trundler
+trundles
+trunk
+trunked
+trunkful
+trunks
+trunnel
+trunnels
+trunnion
+truss
+trussed
+trusser
+trussers
+trusses
+trussing
+trust
+trusted
+trustee
+trusteed
+trustees
+truster
+trusters
+trustful
+trustier
+trusties
+trustily
+trusting
+trustor
+trustors
+trusts
+trusty
+truth
+truthful
+truths
+try
+trying
+tryingly
+tryma
+trymata
+tryout
+tryouts
+trypsin
+trypsins
+tryptic
+trysail
+trysails
+tryst
+tryste
+trysted
+tryster
+trysters
+trystes
+trysting
+trysts
+tryworks
+tsade
+tsades
+tsadi
+tsadis
+tsar
+tsardom
+tsardoms
+tsarevna
+tsarina
+tsarinas
+tsarism
+tsarisms
+tsarist
+tsarists
+tsaritza
+tsars
+tsetse
+tsetses
+tsimmes
+tsk
+tsked
+tsking
+tsks
+tsktsk
+tsktsked
+tsktsks
+tsooris
+tsores
+tsoris
+tsorriss
+tsuba
+tsunami
+tsunamic
+tsunamis
+tsuris
+tuatara
+tuataras
+tuatera
+tuateras
+tub
+tuba
+tubae
+tubaist
+tubaists
+tubal
+tubas
+tubate
+tubbable
+tubbed
+tubber
+tubbers
+tubbier
+tubbiest
+tubbing
+tubby
+tube
+tubed
+tubeless
+tubelike
+tubenose
+tuber
+tubercle
+tuberoid
+tuberose
+tuberous
+tubers
+tubes
+tubework
+tubful
+tubfuls
+tubifex
+tubiform
+tubing
+tubings
+tubist
+tubists
+tublike
+tubs
+tubular
+tubulate
+tubule
+tubules
+tubulin
+tubulins
+tubulose
+tubulous
+tubulure
+tuchun
+tuchuns
+tuck
+tuckahoe
+tucked
+tucker
+tuckered
+tuckers
+tucket
+tuckets
+tucking
+tucks
+tuckshop
+tufa
+tufas
+tuff
+tuffet
+tuffets
+tuffs
+tufoli
+tuft
+tufted
+tufter
+tufters
+tuftier
+tuftiest
+tuftily
+tufting
+tufts
+tufty
+tug
+tugboat
+tugboats
+tugged
+tugger
+tuggers
+tugging
+tughrik
+tughriks
+tugless
+tugrik
+tugriks
+tugs
+tui
+tuille
+tuilles
+tuis
+tuition
+tuitions
+tuladi
+tuladis
+tule
+tules
+tulip
+tulips
+tulle
+tulles
+tullibee
+tumble
+tumbled
+tumbler
+tumblers
+tumbles
+tumbling
+tumbrel
+tumbrels
+tumbril
+tumbrils
+tumefied
+tumefies
+tumefy
+tumid
+tumidity
+tumidly
+tummies
+tummler
+tummlers
+tummy
+tumor
+tumoral
+tumorous
+tumors
+tumour
+tumours
+tump
+tumped
+tumping
+tumpline
+tumps
+tumular
+tumuli
+tumulose
+tumulous
+tumult
+tumults
+tumulus
+tun
+tuna
+tunable
+tunably
+tunas
+tundish
+tundra
+tundras
+tune
+tuneable
+tuneably
+tuned
+tuneful
+tuneless
+tuner
+tuners
+tunes
+tuneup
+tuneups
+tung
+tungs
+tungsten
+tungstic
+tunic
+tunica
+tunicae
+tunicate
+tunicle
+tunicles
+tunics
+tuning
+tunnage
+tunnages
+tunned
+tunnel
+tunneled
+tunneler
+tunnels
+tunnies
+tunning
+tunny
+tuns
+tup
+tupelo
+tupelos
+tupik
+tupiks
+tupped
+tuppence
+tuppenny
+tupping
+tups
+tuque
+tuques
+turaco
+turacos
+turacou
+turacous
+turban
+turbaned
+turbans
+turbary
+turbeth
+turbeths
+turbid
+turbidly
+turbinal
+turbine
+turbines
+turbit
+turbith
+turbiths
+turbits
+turbo
+turbocar
+turbofan
+turbojet
+turbos
+turbot
+turbots
+turd
+turdine
+turds
+tureen
+tureens
+turf
+turfed
+turfier
+turfiest
+turfing
+turfless
+turflike
+turfman
+turfmen
+turfs
+turfski
+turfskis
+turfy
+turgency
+turgent
+turgid
+turgidly
+turgite
+turgites
+turgor
+turgors
+turista
+turistas
+turk
+turkey
+turkeys
+turkois
+turks
+turmeric
+turmoil
+turmoils
+turn
+turnable
+turncoat
+turndown
+turned
+turner
+turners
+turnery
+turnhall
+turning
+turnings
+turnip
+turnips
+turnkey
+turnkeys
+turnoff
+turnoffs
+turnout
+turnouts
+turnover
+turnpike
+turns
+turnsole
+turnspit
+turnup
+turnups
+turpeth
+turpeths
+turps
+turquois
+turret
+turreted
+turrets
+turrical
+turtle
+turtled
+turtler
+turtlers
+turtles
+turtling
+turves
+tusche
+tusches
+tush
+tushed
+tushes
+tushie
+tushies
+tushing
+tushy
+tusk
+tusked
+tusker
+tuskers
+tusking
+tuskless
+tusklike
+tusks
+tussah
+tussahs
+tussal
+tussar
+tussars
+tusseh
+tussehs
+tusser
+tussers
+tussis
+tussises
+tussive
+tussle
+tussled
+tussles
+tussling
+tussock
+tussocks
+tussocky
+tussor
+tussore
+tussores
+tussors
+tussuck
+tussucks
+tussur
+tussurs
+tut
+tutee
+tutees
+tutelage
+tutelar
+tutelars
+tutelary
+tutor
+tutorage
+tutored
+tutoress
+tutorial
+tutoring
+tutors
+tutoyed
+tutoyer
+tutoyers
+tuts
+tutted
+tutti
+tutties
+tutting
+tuttis
+tutty
+tutu
+tutus
+tux
+tuxedo
+tuxedoed
+tuxedoes
+tuxedos
+tuxes
+tuyer
+tuyere
+tuyeres
+tuyers
+twa
+twaddle
+twaddled
+twaddler
+twaddles
+twae
+twaes
+twain
+twains
+twang
+twanged
+twanger
+twangers
+twangier
+twanging
+twangle
+twangled
+twangler
+twangles
+twangs
+twangy
+twankies
+twanky
+twas
+twasome
+twasomes
+twat
+twats
+twattle
+twattled
+twattles
+tweak
+tweaked
+tweakier
+tweaking
+tweaks
+tweaky
+twee
+tweed
+tweedier
+tweedle
+tweedled
+tweedles
+tweeds
+tweedy
+tween
+tweenies
+tweeny
+tweet
+tweeted
+tweeter
+tweeters
+tweeting
+tweets
+tweeze
+tweezed
+tweezer
+tweezers
+tweezes
+tweezing
+twelfth
+twelfths
+twelve
+twelvemo
+twelves
+twenties
+twenty
+twerp
+twerps
+twibil
+twibill
+twibills
+twibils
+twice
+twiddle
+twiddled
+twiddler
+twiddles
+twiddly
+twier
+twiers
+twig
+twigged
+twiggen
+twiggier
+twigging
+twiggy
+twigless
+twiglike
+twigs
+twilight
+twilit
+twill
+twilled
+twilling
+twills
+twin
+twinborn
+twine
+twined
+twiner
+twiners
+twines
+twinge
+twinged
+twinges
+twinging
+twinier
+twiniest
+twinight
+twining
+twinjet
+twinjets
+twinkle
+twinkled
+twinkler
+twinkles
+twinkly
+twinned
+twinning
+twins
+twinset
+twinsets
+twinship
+twiny
+twirl
+twirled
+twirler
+twirlers
+twirlier
+twirling
+twirls
+twirly
+twirp
+twirps
+twist
+twisted
+twister
+twisters
+twistier
+twisting
+twists
+twisty
+twit
+twitch
+twitched
+twitcher
+twitches
+twitchy
+twits
+twitted
+twitter
+twitters
+twittery
+twitting
+twixt
+two
+twofer
+twofers
+twofold
+twofolds
+twopence
+twopenny
+twos
+twosome
+twosomes
+twyer
+twyers
+tycoon
+tycoons
+tye
+tyee
+tyees
+tyer
+tyers
+tyes
+tying
+tyke
+tykes
+tylosin
+tylosins
+tymbal
+tymbals
+tympan
+tympana
+tympanal
+tympani
+tympanic
+tympano
+tympans
+tympanum
+tympany
+tyne
+tyned
+tynes
+tyning
+typable
+typal
+type
+typeable
+typebar
+typebars
+typecase
+typecast
+typed
+typeface
+types
+typeset
+typesets
+typey
+typhoid
+typhoids
+typhon
+typhonic
+typhons
+typhoon
+typhoons
+typhose
+typhous
+typhus
+typhuses
+typic
+typical
+typier
+typiest
+typified
+typifier
+typifies
+typify
+typing
+typist
+typists
+typo
+typology
+typos
+typp
+typps
+typy
+tyramine
+tyrannic
+tyranny
+tyrant
+tyrants
+tyre
+tyred
+tyres
+tyring
+tyro
+tyronic
+tyros
+tyrosine
+tythe
+tythed
+tythes
+tything
+tzaddik
+tzar
+tzardom
+tzardoms
+tzarevna
+tzarina
+tzarinas
+tzarism
+tzarisms
+tzarist
+tzarists
+tzaritza
+tzars
+tzetze
+tzetzes
+tzigane
+tziganes
+tzimmes
+tzitzis
+tzitzit
+tzitzith
+tzuris
+ubieties
+ubiety
+ubique
+ubiquity
+udder
+udders
+udo
+udometer
+udometry
+udos
+ufology
+ugh
+ughs
+uglier
+uglies
+ugliest
+uglified
+uglifier
+uglifies
+uglify
+uglily
+ugliness
+ugly
+ugsome
+uh
+uhlan
+uhlans
+uintaite
+ukase
+ukases
+uke
+ukelele
+ukeleles
+ukes
+ukulele
+ukuleles
+ulama
+ulamas
+ulan
+ulans
+ulcer
+ulcerate
+ulcered
+ulcering
+ulcerous
+ulcers
+ulema
+ulemas
+ulexite
+ulexites
+ullage
+ullaged
+ullages
+ulna
+ulnad
+ulnae
+ulnar
+ulnas
+ulpan
+ulpanim
+ulster
+ulsters
+ulterior
+ultima
+ultimacy
+ultimas
+ultimata
+ultimate
+ultimo
+ultra
+ultradry
+ultrahip
+ultrahot
+ultraism
+ultraist
+ultralow
+ultrared
+ultras
+ulu
+ululant
+ululate
+ululated
+ululates
+ulus
+ulva
+ulvas
+um
+umangite
+umbel
+umbeled
+umbellar
+umbelled
+umbellet
+umbels
+umber
+umbered
+umbering
+umbers
+umbilici
+umbles
+umbo
+umbonal
+umbonate
+umbones
+umbonic
+umbos
+umbra
+umbrae
+umbrage
+umbrages
+umbral
+umbras
+umbrella
+umbrette
+umiac
+umiack
+umiacks
+umiacs
+umiak
+umiaks
+umiaq
+umiaqs
+umlaut
+umlauted
+umlauts
+umm
+ump
+umped
+umping
+umpirage
+umpire
+umpired
+umpires
+umpiring
+umps
+umpteen
+umteenth
+un
+unabated
+unable
+unabused
+unacted
+unadult
+unafraid
+unaged
+unageing
+unagile
+unaging
+unai
+unaided
+unaimed
+unaired
+unais
+unakin
+unakite
+unakites
+unalike
+unallied
+unamused
+unanchor
+unaneled
+unapt
+unaptly
+unargued
+unarm
+unarmed
+unarming
+unarms
+unartful
+unary
+unasked
+unatoned
+unau
+unaus
+unavowed
+unawaked
+unaware
+unawares
+unawed
+unbacked
+unbaked
+unban
+unbanned
+unbans
+unbar
+unbarbed
+unbarred
+unbars
+unbased
+unbated
+unbathed
+unbe
+unbear
+unbeared
+unbears
+unbeaten
+unbelief
+unbelt
+unbelted
+unbelts
+unbend
+unbended
+unbends
+unbenign
+unbent
+unbiased
+unbid
+unbidden
+unbilled
+unbind
+unbinds
+unbitted
+unbitten
+unbitter
+unblamed
+unblest
+unblock
+unblocks
+unbloody
+unbodied
+unbolt
+unbolted
+unbolts
+unboned
+unbonnet
+unborn
+unbosom
+unbosoms
+unbought
+unbouncy
+unbound
+unbowed
+unbox
+unboxed
+unboxes
+unboxing
+unbrace
+unbraced
+unbraces
+unbraid
+unbraids
+unbrake
+unbraked
+unbrakes
+unbred
+unbreech
+unbridle
+unbright
+unbroke
+unbroken
+unbuckle
+unbuild
+unbuilds
+unbuilt
+unbulky
+unbundle
+unburden
+unburied
+unburned
+unburnt
+unbusted
+unbusy
+unbutton
+uncage
+uncaged
+uncages
+uncaging
+uncake
+uncaked
+uncakes
+uncaking
+uncalled
+uncandid
+uncanny
+uncap
+uncapped
+uncaps
+uncaring
+uncase
+uncased
+uncases
+uncashed
+uncasing
+uncasked
+uncatchy
+uncaught
+uncaused
+unchain
+unchains
+unchancy
+uncharge
+unchary
+unchaste
+unchewed
+unchic
+unchicly
+unchoke
+unchoked
+unchokes
+unchosen
+unchurch
+unci
+uncia
+unciae
+uncial
+uncially
+uncials
+unciform
+uncinal
+uncinate
+uncini
+uncinus
+uncivil
+unclad
+unclamp
+unclamps
+unclasp
+unclasps
+uncle
+unclean
+unclear
+unclench
+uncles
+unclinch
+unclip
+unclips
+uncloak
+uncloaks
+unclog
+unclogs
+unclose
+unclosed
+uncloses
+unclothe
+uncloud
+unclouds
+uncloyed
+unco
+uncoated
+uncock
+uncocked
+uncocks
+uncoded
+uncoffin
+uncoil
+uncoiled
+uncoils
+uncoined
+uncombed
+uncomely
+uncomic
+uncommon
+uncooked
+uncool
+uncooled
+uncork
+uncorked
+uncorks
+uncos
+uncouple
+uncouth
+uncover
+uncovers
+uncoy
+uncrate
+uncrated
+uncrates
+uncrazy
+uncreate
+uncross
+uncrown
+uncrowns
+unction
+unctions
+unctuous
+uncuff
+uncuffed
+uncuffs
+uncurb
+uncurbed
+uncurbs
+uncured
+uncurl
+uncurled
+uncurls
+uncursed
+uncus
+uncut
+uncute
+undamped
+undaring
+undated
+unde
+undead
+undecked
+undee
+undenied
+under
+underact
+underage
+underarm
+underate
+underbid
+underbud
+underbuy
+undercut
+underdid
+underdo
+underdog
+undereat
+underfed
+underfur
+undergo
+undergod
+underjaw
+underlap
+underlay
+underlet
+underlie
+underlip
+underlit
+underpay
+underpin
+underran
+underrun
+undersea
+underset
+undertax
+undertow
+underway
+undevout
+undid
+undies
+undimmed
+undine
+undines
+undo
+undoable
+undocile
+undock
+undocked
+undocks
+undoer
+undoers
+undoes
+undoing
+undoings
+undone
+undotted
+undouble
+undrape
+undraped
+undrapes
+undraw
+undrawn
+undraws
+undreamt
+undress
+undrest
+undrew
+undried
+undrunk
+undubbed
+undue
+undulant
+undular
+undulate
+undulled
+unduly
+undy
+undyed
+undying
+uneager
+unearned
+unearth
+unearths
+unease
+uneases
+uneasier
+uneasily
+uneasy
+uneaten
+unedible
+unedited
+unended
+unending
+unenvied
+unequal
+unequals
+unerased
+unerotic
+unerring
+unevaded
+uneven
+unevener
+unevenly
+unexotic
+unexpert
+unfaded
+unfading
+unfair
+unfairer
+unfairly
+unfaith
+unfaiths
+unfaked
+unfallen
+unfamous
+unfancy
+unfasten
+unfazed
+unfeared
+unfed
+unfelt
+unfence
+unfenced
+unfences
+unfetter
+unfilial
+unfilled
+unfilmed
+unfired
+unfished
+unfit
+unfitly
+unfits
+unfitted
+unfix
+unfixed
+unfixes
+unfixing
+unfixt
+unflashy
+unflexed
+unfoiled
+unfold
+unfolded
+unfolder
+unfolds
+unfond
+unforced
+unforged
+unforgot
+unforked
+unformed
+unfought
+unfound
+unframed
+unfree
+unfreed
+unfrees
+unfreeze
+unfrock
+unfrocks
+unfroze
+unfrozen
+unfunded
+unfunny
+unfurl
+unfurled
+unfurls
+unfused
+unfussy
+ungainly
+ungalled
+ungenial
+ungentle
+ungently
+ungifted
+ungird
+ungirded
+ungirds
+ungirt
+unglazed
+unglove
+ungloved
+ungloves
+unglue
+unglued
+unglues
+ungluing
+ungodly
+ungot
+ungotten
+ungowned
+ungraced
+ungraded
+ungreedy
+unground
+ungual
+unguard
+unguards
+unguent
+unguenta
+unguents
+ungues
+unguided
+unguis
+ungula
+ungulae
+ungular
+ungulate
+unhailed
+unhair
+unhaired
+unhairs
+unhallow
+unhalved
+unhand
+unhanded
+unhands
+unhandy
+unhang
+unhanged
+unhangs
+unhappy
+unharmed
+unhasty
+unhat
+unhats
+unhatted
+unhealed
+unheard
+unheated
+unhedged
+unheeded
+unhelm
+unhelmed
+unhelms
+unhelped
+unheroic
+unhewn
+unhinge
+unhinged
+unhinges
+unhip
+unhired
+unhitch
+unholier
+unholily
+unholy
+unhood
+unhooded
+unhoods
+unhook
+unhooked
+unhooks
+unhoped
+unhorse
+unhorsed
+unhorses
+unhouse
+unhoused
+unhouses
+unhuman
+unhung
+unhurt
+unhusk
+unhusked
+unhusks
+unialgal
+uniaxial
+unicolor
+unicorn
+unicorns
+unicycle
+unideaed
+unideal
+uniface
+unifaces
+unific
+unified
+unifier
+unifiers
+unifies
+unifilar
+uniform
+uniforms
+unify
+unifying
+unilobed
+unimbued
+union
+unionise
+unionism
+unionist
+unionize
+unions
+unipod
+unipods
+unipolar
+unique
+uniquely
+uniquer
+uniques
+uniquest
+unironed
+unisex
+unisexes
+unison
+unisonal
+unisons
+unissued
+unit
+unitage
+unitages
+unitard
+unitards
+unitary
+unite
+united
+unitedly
+uniter
+uniters
+unites
+unities
+uniting
+unitive
+unitize
+unitized
+unitizer
+unitizes
+unitrust
+units
+unity
+univalve
+universe
+univocal
+unjaded
+unjoined
+unjoint
+unjoints
+unjoyful
+unjudged
+unjust
+unjustly
+unkempt
+unkend
+unkenned
+unkennel
+unkent
+unkept
+unkind
+unkinder
+unkindly
+unkingly
+unkink
+unkinked
+unkinks
+unkissed
+unknit
+unknits
+unknot
+unknots
+unknown
+unknowns
+unkosher
+unlace
+unlaced
+unlaces
+unlacing
+unlade
+unladed
+unladen
+unlades
+unlading
+unlaid
+unlash
+unlashed
+unlashes
+unlatch
+unlawful
+unlay
+unlaying
+unlays
+unlead
+unleaded
+unleads
+unlearn
+unlearns
+unlearnt
+unleased
+unleash
+unled
+unless
+unlet
+unlethal
+unletted
+unlevel
+unlevels
+unlevied
+unlicked
+unlike
+unlikely
+unlimber
+unlined
+unlink
+unlinked
+unlinks
+unlisted
+unlit
+unlive
+unlived
+unlively
+unlives
+unliving
+unload
+unloaded
+unloader
+unloads
+unlobed
+unlock
+unlocked
+unlocks
+unloose
+unloosed
+unloosen
+unlooses
+unloved
+unlovely
+unloving
+unlucky
+unmacho
+unmade
+unmake
+unmaker
+unmakers
+unmakes
+unmaking
+unman
+unmanful
+unmanly
+unmanned
+unmans
+unmapped
+unmarked
+unmarred
+unmask
+unmasked
+unmasker
+unmasks
+unmated
+unmatted
+unmeant
+unmeet
+unmeetly
+unmellow
+unmelted
+unmended
+unmerry
+unmesh
+unmeshed
+unmeshes
+unmet
+unmew
+unmewed
+unmewing
+unmews
+unmilled
+unmined
+unmingle
+unmiter
+unmiters
+unmitre
+unmitred
+unmitres
+unmix
+unmixed
+unmixes
+unmixing
+unmixt
+unmodish
+unmold
+unmolded
+unmolds
+unmolten
+unmoor
+unmoored
+unmoors
+unmoral
+unmoved
+unmoving
+unmown
+unmuffle
+unmuzzle
+unnail
+unnailed
+unnails
+unnamed
+unneeded
+unnerve
+unnerved
+unnerves
+unnoisy
+unnoted
+unoiled
+unopen
+unopened
+unornate
+unowned
+unpack
+unpacked
+unpacker
+unpacks
+unpaged
+unpaid
+unpaired
+unparted
+unpaved
+unpaying
+unpeeled
+unpeg
+unpegged
+unpegs
+unpen
+unpenned
+unpens
+unpent
+unpeople
+unperson
+unpick
+unpicked
+unpicks
+unpile
+unpiled
+unpiles
+unpiling
+unpin
+unpinned
+unpins
+unpitied
+unplaced
+unplait
+unplaits
+unplayed
+unpliant
+unplowed
+unplug
+unplugs
+unpoetic
+unpoised
+unpolite
+unpolled
+unposed
+unposted
+unpotted
+unpretty
+unpriced
+unprimed
+unprized
+unprobed
+unproved
+unproven
+unpruned
+unpucker
+unpure
+unpurged
+unpuzzle
+unquiet
+unquiets
+unquote
+unquoted
+unquotes
+unraised
+unraked
+unranked
+unrated
+unravel
+unravels
+unrazed
+unread
+unready
+unreal
+unreally
+unreason
+unreel
+unreeled
+unreeler
+unreels
+unreeve
+unreeved
+unreeves
+unrent
+unrented
+unrepaid
+unrepair
+unrest
+unrested
+unrests
+unrhymed
+unriddle
+unrifled
+unrig
+unrigged
+unrigs
+unrimed
+unrinsed
+unrip
+unripe
+unripely
+unriper
+unripest
+unripped
+unrips
+unrisen
+unrobe
+unrobed
+unrobes
+unrobing
+unroll
+unrolled
+unrolls
+unroof
+unroofed
+unroofs
+unroot
+unrooted
+unroots
+unroped
+unrough
+unround
+unrounds
+unrove
+unroven
+unruled
+unrulier
+unruly
+unrushed
+unrusted
+uns
+unsaddle
+unsafe
+unsafely
+unsafety
+unsaid
+unsalted
+unsated
+unsaved
+unsavory
+unsawed
+unsawn
+unsay
+unsaying
+unsays
+unscaled
+unscrew
+unscrews
+unseal
+unsealed
+unseals
+unseam
+unseamed
+unseams
+unseared
+unseat
+unseated
+unseats
+unseeded
+unseeing
+unseemly
+unseen
+unseized
+unsell
+unsells
+unsent
+unserved
+unset
+unsets
+unsettle
+unsew
+unsewed
+unsewing
+unsewn
+unsews
+unsex
+unsexed
+unsexes
+unsexing
+unsexual
+unsexy
+unshaded
+unshaken
+unshamed
+unshaped
+unshapen
+unshared
+unsharp
+unshaved
+unshaven
+unshed
+unshell
+unshells
+unshift
+unshifts
+unship
+unships
+unshod
+unshorn
+unshowy
+unshrunk
+unshut
+unsicker
+unsifted
+unsight
+unsights
+unsigned
+unsilent
+unsinful
+unsized
+unslaked
+unsliced
+unsling
+unslings
+unslung
+unsmart
+unsmoked
+unsnap
+unsnaps
+unsnarl
+unsnarls
+unsoaked
+unsober
+unsocial
+unsoiled
+unsold
+unsolder
+unsolid
+unsolved
+unsoncy
+unsonsie
+unsonsy
+unsorted
+unsought
+unsound
+unsoured
+unsowed
+unsown
+unspeak
+unspeaks
+unspent
+unsphere
+unspilt
+unsplit
+unspoilt
+unspoke
+unspoken
+unsprung
+unspun
+unstable
+unstably
+unstack
+unstacks
+unstate
+unstated
+unstates
+unstayed
+unsteady
+unsteel
+unsteels
+unstep
+unsteps
+unstick
+unsticks
+unstitch
+unstoned
+unstop
+unstops
+unstrap
+unstraps
+unstress
+unstring
+unstrung
+unstuck
+unstuffy
+unstung
+unsubtle
+unsubtly
+unsuited
+unsung
+unsunk
+unsure
+unsurely
+unswathe
+unswayed
+unswear
+unswears
+unswept
+unswore
+unsworn
+untack
+untacked
+untacks
+untagged
+untaken
+untame
+untamed
+untangle
+untanned
+untapped
+untasted
+untaught
+untaxed
+unteach
+untended
+untented
+untested
+untether
+unthawed
+unthink
+unthinks
+unthread
+unthrone
+untidied
+untidier
+untidies
+untidily
+untidy
+untie
+untied
+unties
+until
+untilled
+untilted
+untimely
+untinged
+untipped
+untired
+untiring
+untitled
+unto
+untold
+untorn
+untoward
+untraced
+untread
+untreads
+untrendy
+untried
+untrim
+untrims
+untrod
+untrue
+untruer
+untruest
+untruly
+untruss
+untrusty
+untruth
+untruths
+untuck
+untucked
+untucks
+untufted
+untune
+untuned
+untunes
+untuning
+unturned
+untwine
+untwined
+untwines
+untwist
+untwists
+untying
+ununited
+unurged
+unusable
+unused
+unusual
+unvalued
+unvaried
+unveil
+unveiled
+unveils
+unveined
+unversed
+unvexed
+unvext
+unviable
+unvocal
+unvoice
+unvoiced
+unvoices
+unwalled
+unwaning
+unwanted
+unwarier
+unwarily
+unwarmed
+unwarned
+unwarped
+unwary
+unwashed
+unwasted
+unwaxed
+unweaned
+unweary
+unweave
+unweaves
+unwed
+unwedded
+unweeded
+unweight
+unwelded
+unwell
+unwept
+unwetted
+unwhite
+unwieldy
+unwifely
+unwilled
+unwind
+unwinder
+unwinds
+unwisdom
+unwise
+unwisely
+unwiser
+unwisest
+unwish
+unwished
+unwishes
+unwit
+unwits
+unwitted
+unwon
+unwonted
+unwooded
+unwooed
+unworked
+unworn
+unworthy
+unwound
+unwove
+unwoven
+unwrap
+unwraps
+unwrung
+unyeaned
+unyoke
+unyoked
+unyokes
+unyoking
+unyoung
+unzip
+unzipped
+unzips
+unzoned
+up
+upas
+upases
+upbear
+upbearer
+upbears
+upbeat
+upbeats
+upbind
+upbinds
+upboil
+upboiled
+upboils
+upbore
+upborne
+upbound
+upbow
+upbows
+upbraid
+upbraids
+upbuild
+upbuilds
+upbuilt
+upby
+upbye
+upcast
+upcasts
+upchuck
+upchucks
+upclimb
+upclimbs
+upcoast
+upcoil
+upcoiled
+upcoils
+upcoming
+upcurl
+upcurled
+upcurls
+upcurve
+upcurved
+upcurves
+updart
+updarted
+updarts
+update
+updated
+updater
+updaters
+updates
+updating
+updive
+updived
+updives
+updiving
+updo
+updos
+updove
+updraft
+updrafts
+updried
+updries
+updry
+updrying
+upend
+upended
+upending
+upends
+upfield
+upfling
+upflings
+upflow
+upflowed
+upflows
+upflung
+upfold
+upfolded
+upfolds
+upfront
+upgather
+upgaze
+upgazed
+upgazes
+upgazing
+upgird
+upgirded
+upgirds
+upgirt
+upgoing
+upgrade
+upgraded
+upgrades
+upgrew
+upgrow
+upgrown
+upgrows
+upgrowth
+upheap
+upheaped
+upheaps
+upheaval
+upheave
+upheaved
+upheaver
+upheaves
+upheld
+uphill
+uphills
+uphoard
+uphoards
+uphold
+upholder
+upholds
+uphove
+uphroe
+uphroes
+upkeep
+upkeeps
+upland
+uplander
+uplands
+upleap
+upleaped
+upleaps
+upleapt
+uplift
+uplifted
+uplifter
+uplifts
+uplight
+uplights
+uplink
+uplinks
+uplit
+upload
+uploaded
+uploads
+upmarket
+upmost
+upo
+upon
+upped
+upper
+uppercut
+uppers
+uppile
+uppiled
+uppiles
+uppiling
+upping
+uppings
+uppish
+uppishly
+uppity
+upprop
+upprops
+upraise
+upraised
+upraiser
+upraises
+uprate
+uprated
+uprates
+uprating
+upreach
+uprear
+upreared
+uprears
+upright
+uprights
+uprise
+uprisen
+upriser
+uprisers
+uprises
+uprising
+upriver
+uprivers
+uproar
+uproars
+uproot
+uprootal
+uprooted
+uprooter
+uproots
+uprose
+uprouse
+uproused
+uprouses
+uprush
+uprushed
+uprushes
+ups
+upscale
+upscaled
+upscales
+upsend
+upsends
+upsent
+upset
+upsets
+upsetter
+upshift
+upshifts
+upshoot
+upshoots
+upshot
+upshots
+upside
+upsides
+upsilon
+upsilons
+upsoar
+upsoared
+upsoars
+upsprang
+upspring
+upsprung
+upstage
+upstaged
+upstages
+upstair
+upstairs
+upstand
+upstands
+upstare
+upstared
+upstares
+upstart
+upstarts
+upstate
+upstater
+upstates
+upstep
+upsteps
+upstir
+upstirs
+upstood
+upstream
+upstroke
+upsurge
+upsurged
+upsurges
+upsweep
+upsweeps
+upswell
+upswells
+upswept
+upswing
+upswings
+upswung
+uptake
+uptakes
+uptear
+uptears
+upthrew
+upthrow
+upthrown
+upthrows
+upthrust
+uptick
+upticks
+uptight
+uptilt
+uptilted
+uptilts
+uptime
+uptimes
+uptore
+uptorn
+uptoss
+uptossed
+uptosses
+uptown
+uptowner
+uptowns
+uptrend
+uptrends
+upturn
+upturned
+upturns
+upwaft
+upwafted
+upwafts
+upward
+upwardly
+upwards
+upwell
+upwelled
+upwells
+upwind
+upwinds
+uracil
+uracils
+uraei
+uraemia
+uraemias
+uraemic
+uraeus
+uraeuses
+uralite
+uralites
+uralitic
+urania
+uranias
+uranic
+uranide
+uranides
+uranism
+uranisms
+uranite
+uranites
+uranitic
+uranium
+uraniums
+uranous
+uranyl
+uranylic
+uranyls
+urare
+urares
+urari
+uraris
+urase
+urases
+urate
+urates
+uratic
+urb
+urban
+urbane
+urbanely
+urbaner
+urbanest
+urbanise
+urbanism
+urbanist
+urbanite
+urbanity
+urbanize
+urbia
+urbias
+urbs
+urchin
+urchins
+urd
+urds
+urea
+ureal
+ureas
+urease
+ureases
+uredia
+uredial
+uredinia
+uredium
+uredo
+uredos
+ureic
+ureide
+ureides
+uremia
+uremias
+uremic
+ureter
+ureteral
+ureteric
+ureters
+urethan
+urethane
+urethans
+urethra
+urethrae
+urethral
+urethras
+uretic
+urge
+urged
+urgency
+urgent
+urgently
+urger
+urgers
+urges
+urging
+urgingly
+urial
+urials
+uric
+uridine
+uridines
+urinal
+urinals
+urinary
+urinate
+urinated
+urinates
+urine
+urinemia
+urinemic
+urines
+urinose
+urinous
+urn
+urnlike
+urns
+urochord
+urodele
+urodeles
+urolith
+uroliths
+urologic
+urology
+uropod
+uropodal
+uropods
+uropygia
+uroscopy
+urostyle
+ursa
+ursae
+ursiform
+ursine
+urtext
+urtexts
+urticant
+urticate
+urus
+uruses
+urushiol
+us
+usable
+usably
+usage
+usages
+usance
+usances
+usaunce
+usaunces
+use
+useable
+useably
+used
+useful
+usefully
+useless
+user
+users
+uses
+usher
+ushered
+ushering
+ushers
+using
+usnea
+usneas
+usquabae
+usque
+usquebae
+usques
+ustulate
+usual
+usually
+usuals
+usufruct
+usurer
+usurers
+usuries
+usurious
+usurp
+usurped
+usurper
+usurpers
+usurping
+usurps
+usury
+ut
+uta
+utas
+utensil
+utensils
+uteri
+uterine
+uterus
+uteruses
+utile
+utilidor
+utilise
+utilised
+utiliser
+utilises
+utility
+utilize
+utilized
+utilizer
+utilizes
+utmost
+utmosts
+utopia
+utopian
+utopians
+utopias
+utopism
+utopisms
+utopist
+utopists
+utricle
+utricles
+utriculi
+uts
+utter
+uttered
+utterer
+utterers
+uttering
+utterly
+utters
+uvea
+uveal
+uveas
+uveitic
+uveitis
+uveous
+uvula
+uvulae
+uvular
+uvularly
+uvulars
+uvulas
+uvulitis
+uxorial
+uxorious
+vac
+vacancy
+vacant
+vacantly
+vacate
+vacated
+vacates
+vacating
+vacation
+vaccina
+vaccinal
+vaccinas
+vaccine
+vaccinee
+vaccines
+vaccinia
+vacs
+vacua
+vacuity
+vacuolar
+vacuole
+vacuoles
+vacuous
+vacuum
+vacuumed
+vacuums
+vadose
+vagabond
+vagal
+vagally
+vagaries
+vagary
+vagi
+vagile
+vagility
+vagina
+vaginae
+vaginal
+vaginas
+vaginate
+vagotomy
+vagrancy
+vagrant
+vagrants
+vagrom
+vague
+vaguely
+vaguer
+vaguest
+vagus
+vahine
+vahines
+vail
+vailed
+vailing
+vails
+vain
+vainer
+vainest
+vainly
+vainness
+vair
+vairs
+vakeel
+vakeels
+vakil
+vakils
+valance
+valanced
+valances
+vale
+valence
+valences
+valencia
+valency
+valerate
+valerian
+valeric
+vales
+valet
+valeted
+valeting
+valets
+valgoid
+valgus
+valguses
+valiance
+valiancy
+valiant
+valiants
+valid
+validate
+validity
+validly
+valine
+valines
+valise
+valises
+valkyr
+valkyrie
+valkyrs
+vallate
+valley
+valleys
+valonia
+valonias
+valor
+valorise
+valorize
+valorous
+valors
+valour
+valours
+valse
+valses
+valuable
+valuably
+valuate
+valuated
+valuates
+valuator
+value
+valued
+valuer
+valuers
+values
+valuing
+valuta
+valutas
+valval
+valvar
+valvate
+valve
+valved
+valvelet
+valves
+valving
+valvula
+valvulae
+valvular
+valvule
+valvules
+vambrace
+vamoose
+vamoosed
+vamooses
+vamose
+vamosed
+vamoses
+vamosing
+vamp
+vamped
+vamper
+vampers
+vamping
+vampire
+vampires
+vampiric
+vampish
+vamps
+van
+vanadate
+vanadic
+vanadium
+vanadous
+vanda
+vandal
+vandalic
+vandals
+vandas
+vandyke
+vandyked
+vandykes
+vane
+vaned
+vanes
+vang
+vangs
+vanguard
+vanilla
+vanillas
+vanillic
+vanillin
+vanish
+vanished
+vanisher
+vanishes
+vanitied
+vanities
+vanitory
+vanity
+vanman
+vanmen
+vanned
+vanner
+vanners
+vanning
+vanpool
+vanpools
+vanquish
+vans
+vantage
+vantages
+vanward
+vapid
+vapidity
+vapidly
+vapor
+vapored
+vaporer
+vaporers
+vaporing
+vaporise
+vaporish
+vaporize
+vaporous
+vapors
+vapory
+vapour
+vapoured
+vapourer
+vapours
+vapoury
+vaquero
+vaqueros
+var
+vara
+varactor
+varas
+varia
+variable
+variably
+variance
+variant
+variants
+variate
+variated
+variates
+varices
+varicose
+varied
+variedly
+varier
+variers
+varies
+varietal
+variety
+variform
+variola
+variolar
+variolas
+variole
+varioles
+variorum
+various
+varistor
+varix
+varlet
+varletry
+varlets
+varment
+varments
+varmint
+varmints
+varna
+varnas
+varnish
+varnishy
+varoom
+varoomed
+varooms
+vars
+varsity
+varus
+varuses
+varve
+varved
+varves
+vary
+varying
+vas
+vasa
+vasal
+vascula
+vascular
+vasculum
+vase
+vaselike
+vases
+vasiform
+vasotomy
+vassal
+vassals
+vast
+vaster
+vastest
+vastier
+vastiest
+vastity
+vastly
+vastness
+vasts
+vasty
+vat
+vatful
+vatfuls
+vatic
+vatical
+vaticide
+vats
+vatted
+vatting
+vatu
+vatus
+vau
+vault
+vaulted
+vaulter
+vaulters
+vaultier
+vaulting
+vaults
+vaulty
+vaunt
+vaunted
+vaunter
+vaunters
+vauntful
+vauntie
+vaunting
+vaunts
+vaunty
+vaus
+vav
+vavasor
+vavasors
+vavasour
+vavassor
+vavs
+vaw
+vaward
+vawards
+vawntie
+vaws
+veal
+vealed
+vealer
+vealers
+vealier
+vealiest
+vealing
+veals
+vealy
+vector
+vectored
+vectors
+vedalia
+vedalias
+vedette
+vedettes
+vee
+veejay
+veejays
+veena
+veenas
+veep
+veepee
+veepees
+veeps
+veer
+veered
+veeries
+veering
+veers
+veery
+vees
+veg
+vegan
+veganism
+vegans
+vegetal
+vegetant
+vegetate
+vegete
+vegetist
+vegetive
+veggie
+veggies
+vegie
+vegies
+vehement
+vehicle
+vehicles
+veil
+veiled
+veiledly
+veiler
+veilers
+veiling
+veilings
+veillike
+veils
+vein
+veinal
+veined
+veiner
+veiners
+veinier
+veiniest
+veining
+veinings
+veinless
+veinlet
+veinlets
+veinlike
+veins
+veinule
+veinules
+veinulet
+veiny
+vela
+velamen
+velamina
+velar
+velaria
+velarium
+velarize
+velars
+velate
+veld
+velds
+veldt
+veldts
+veliger
+veligers
+velites
+velleity
+vellum
+vellums
+veloce
+velocity
+velour
+velours
+veloute
+veloutes
+velum
+velure
+velured
+velures
+veluring
+velveret
+velvet
+velveted
+velvets
+velvety
+vena
+venae
+venal
+venality
+venally
+venatic
+venation
+vend
+vendable
+vendace
+vendaces
+vended
+vendee
+vendees
+vender
+venders
+vendetta
+vendeuse
+vendible
+vendibly
+vending
+vendor
+vendors
+vends
+vendue
+vendues
+veneer
+veneered
+veneerer
+veneers
+venenate
+venenose
+venerate
+venereal
+veneries
+venery
+venetian
+venge
+venged
+vengeful
+venges
+venging
+venial
+venially
+venin
+venine
+venines
+venins
+venire
+venires
+venison
+venisons
+venogram
+venom
+venomed
+venomer
+venomers
+venoming
+venomous
+venoms
+venose
+venosity
+venous
+venously
+vent
+ventage
+ventages
+ventail
+ventails
+vented
+venter
+venters
+venting
+ventless
+ventral
+ventrals
+vents
+venture
+ventured
+venturer
+ventures
+venturi
+venturis
+venue
+venues
+venular
+venule
+venules
+venulose
+venulous
+vera
+veracity
+veranda
+verandah
+verandas
+veratria
+veratrin
+veratrum
+verb
+verbal
+verbally
+verbals
+verbatim
+verbena
+verbenas
+verbiage
+verbid
+verbids
+verbify
+verbile
+verbiles
+verbless
+verbose
+verboten
+verbs
+verdancy
+verdant
+verderer
+verderor
+verdict
+verdicts
+verdin
+verdins
+verditer
+verdure
+verdured
+verdures
+verecund
+verge
+verged
+vergence
+verger
+vergers
+verges
+verging
+verglas
+veridic
+verier
+veriest
+verified
+verifier
+verifies
+verify
+verily
+verism
+verismo
+verismos
+verisms
+verist
+veristic
+verists
+veritas
+verite
+verites
+verities
+verity
+verjuice
+vermeil
+vermeils
+vermes
+vermian
+vermin
+vermis
+vermoulu
+vermouth
+vermuth
+vermuths
+vernacle
+vernal
+vernally
+vernicle
+vernier
+verniers
+vernix
+vernixes
+veronica
+verruca
+verrucae
+versal
+versant
+versants
+verse
+versed
+verseman
+versemen
+verser
+versers
+verses
+verset
+versets
+versicle
+versify
+versine
+versines
+versing
+version
+versions
+verso
+versos
+verst
+verste
+verstes
+versts
+versus
+vert
+vertebra
+vertex
+vertexes
+vertical
+vertices
+verticil
+vertigo
+vertigos
+verts
+vertu
+vertus
+vervain
+vervains
+verve
+verves
+vervet
+vervets
+very
+vesica
+vesicae
+vesical
+vesicant
+vesicate
+vesicle
+vesicles
+vesicula
+vesper
+vesperal
+vespers
+vespiary
+vespid
+vespids
+vespine
+vessel
+vesseled
+vessels
+vest
+vesta
+vestal
+vestally
+vestals
+vestas
+vested
+vestee
+vestees
+vestiary
+vestige
+vestiges
+vestigia
+vesting
+vestings
+vestless
+vestlike
+vestment
+vestral
+vestries
+vestry
+vests
+vestural
+vesture
+vestured
+vestures
+vesuvian
+vet
+vetch
+vetches
+veteran
+veterans
+vetiver
+vetivers
+vetivert
+veto
+vetoed
+vetoer
+vetoers
+vetoes
+vetoing
+vets
+vetted
+vetting
+vex
+vexation
+vexed
+vexedly
+vexer
+vexers
+vexes
+vexil
+vexilla
+vexillar
+vexillum
+vexils
+vexing
+vexingly
+vext
+via
+viable
+viably
+viaduct
+viaducts
+vial
+vialed
+vialing
+vialled
+vialling
+vials
+viand
+viands
+viatic
+viatica
+viatical
+viaticum
+viator
+viatores
+viators
+vibe
+vibes
+vibist
+vibists
+vibrance
+vibrancy
+vibrant
+vibrants
+vibrate
+vibrated
+vibrates
+vibrato
+vibrator
+vibratos
+vibrio
+vibrioid
+vibrion
+vibrions
+vibrios
+vibrissa
+vibronic
+viburnum
+vicar
+vicarage
+vicarate
+vicarial
+vicarly
+vicars
+vice
+viced
+viceless
+vicenary
+viceroy
+viceroys
+vices
+vichies
+vichy
+vicinage
+vicinal
+vicing
+vicinity
+vicious
+vicomte
+vicomtes
+victim
+victims
+victor
+victoria
+victors
+victory
+victress
+victual
+victuals
+vicugna
+vicugnas
+vicuna
+vicunas
+vide
+video
+videos
+videotex
+vidette
+videttes
+vidicon
+vidicons
+viduity
+vie
+vied
+vier
+viers
+vies
+view
+viewable
+viewdata
+viewed
+viewer
+viewers
+viewier
+viewiest
+viewing
+viewings
+viewless
+views
+viewy
+vig
+viga
+vigas
+vigil
+vigilant
+vigils
+vigneron
+vignette
+vigor
+vigorish
+vigoroso
+vigorous
+vigors
+vigour
+vigours
+vigs
+viking
+vikings
+vilayet
+vilayets
+vile
+vilely
+vileness
+viler
+vilest
+vilified
+vilifier
+vilifies
+vilify
+vilipend
+vill
+villa
+villadom
+villae
+village
+villager
+villages
+villain
+villains
+villainy
+villas
+villatic
+villein
+villeins
+villi
+villose
+villous
+vills
+villus
+vim
+vimen
+vimina
+viminal
+vims
+vina
+vinal
+vinals
+vinas
+vinasse
+vinasses
+vinca
+vincas
+vincible
+vincibly
+vincula
+vinculum
+vindaloo
+vine
+vineal
+vined
+vinegar
+vinegars
+vinegary
+vineries
+vinery
+vines
+vineyard
+vinic
+vinier
+viniest
+vinifera
+vinified
+vinifies
+vinify
+vining
+vino
+vinos
+vinosity
+vinous
+vinously
+vintage
+vintager
+vintages
+vintner
+vintners
+viny
+vinyl
+vinylic
+vinyls
+viol
+viola
+violable
+violably
+violas
+violate
+violated
+violater
+violates
+violator
+violence
+violent
+violet
+violets
+violin
+violins
+violist
+violists
+violone
+violones
+viols
+viomycin
+viper
+viperine
+viperish
+viperous
+vipers
+virago
+viragoes
+viragos
+viral
+virally
+virelai
+virelais
+virelay
+virelays
+viremia
+viremias
+viremic
+vireo
+vireos
+vires
+virga
+virgas
+virgate
+virgates
+virgin
+virginal
+virgins
+virgule
+virgules
+viricide
+virid
+viridian
+viridity
+virile
+virilely
+virilism
+virility
+virion
+virions
+virl
+virls
+viroid
+viroids
+virology
+viroses
+virosis
+virtu
+virtual
+virtue
+virtues
+virtuosa
+virtuose
+virtuosi
+virtuoso
+virtuous
+virtus
+virucide
+virulent
+virus
+viruses
+vis
+visa
+visaed
+visage
+visaged
+visages
+visaing
+visard
+visards
+visas
+viscacha
+viscera
+visceral
+viscid
+viscidly
+viscoid
+viscose
+viscoses
+viscount
+viscous
+viscus
+vise
+vised
+viseed
+viseing
+viselike
+vises
+visible
+visibly
+vising
+vision
+visional
+visioned
+visions
+visit
+visitant
+visited
+visiter
+visiters
+visiting
+visitor
+visitors
+visits
+visive
+visor
+visored
+visoring
+visors
+vista
+vistaed
+vistas
+visual
+visually
+visuals
+vita
+vitae
+vital
+vitalise
+vitalism
+vitalist
+vitality
+vitalize
+vitally
+vitals
+vitamer
+vitamers
+vitamin
+vitamine
+vitamins
+vitellin
+vitellus
+vitesse
+vitesses
+vitiable
+vitiate
+vitiated
+vitiates
+vitiator
+vitiligo
+vitrain
+vitrains
+vitreous
+vitric
+vitrics
+vitrify
+vitrine
+vitrines
+vitriol
+vitriols
+vitta
+vittae
+vittate
+vittle
+vittled
+vittles
+vittling
+vituline
+viva
+vivace
+vivaces
+vivacity
+vivaria
+vivaries
+vivarium
+vivary
+vivas
+vive
+viverrid
+vivers
+vivid
+vivider
+vividest
+vividly
+vivific
+vivified
+vivifier
+vivifies
+vivify
+vivipara
+vivisect
+vixen
+vixenish
+vixenly
+vixens
+vizard
+vizarded
+vizards
+vizcacha
+vizier
+viziers
+vizir
+vizirate
+vizirial
+vizirs
+vizor
+vizored
+vizoring
+vizors
+vizsla
+vizslas
+vocable
+vocables
+vocably
+vocal
+vocalic
+vocalics
+vocalise
+vocalism
+vocalist
+vocality
+vocalize
+vocally
+vocals
+vocation
+vocative
+voces
+vocoder
+vocoders
+vodka
+vodkas
+vodoun
+vodouns
+vodun
+voduns
+voe
+voes
+vogie
+vogue
+vogued
+vogueing
+voguer
+voguers
+vogues
+voguing
+voguish
+voice
+voiced
+voiceful
+voicer
+voicers
+voices
+voicing
+void
+voidable
+voidance
+voided
+voider
+voiders
+voiding
+voidness
+voids
+voila
+voile
+voiles
+volant
+volante
+volar
+volatile
+volcanic
+volcano
+volcanos
+vole
+voled
+voleries
+volery
+voles
+voling
+volitant
+volition
+volitive
+volley
+volleyed
+volleyer
+volleys
+volost
+volosts
+volplane
+volt
+volta
+voltage
+voltages
+voltaic
+voltaism
+volte
+voltes
+volti
+volts
+voluble
+volubly
+volume
+volumed
+volumes
+voluming
+volute
+voluted
+volutes
+volutin
+volutins
+volution
+volva
+volvas
+volvate
+volvox
+volvoxes
+volvuli
+volvulus
+vomer
+vomerine
+vomers
+vomica
+vomicae
+vomit
+vomited
+vomiter
+vomiters
+vomiting
+vomitive
+vomito
+vomitory
+vomitos
+vomitous
+vomits
+vomitus
+voodoo
+voodooed
+voodoos
+voracity
+vorlage
+vorlages
+vortex
+vortexes
+vortical
+vortices
+votable
+votaress
+votaries
+votarist
+votary
+vote
+voteable
+voted
+voteless
+voter
+voters
+votes
+voting
+votive
+votively
+votress
+vouch
+vouched
+vouchee
+vouchees
+voucher
+vouchers
+vouches
+vouching
+voussoir
+vouvray
+vouvrays
+vow
+vowed
+vowel
+vowelize
+vowels
+vower
+vowers
+vowing
+vowless
+vows
+vox
+voyage
+voyaged
+voyager
+voyagers
+voyages
+voyageur
+voyaging
+voyeur
+voyeurs
+vroom
+vroomed
+vrooming
+vrooms
+vrouw
+vrouws
+vrow
+vrows
+vug
+vugg
+vuggier
+vuggiest
+vuggs
+vuggy
+vugh
+vughs
+vugs
+vulcanic
+vulgar
+vulgarer
+vulgarly
+vulgars
+vulgate
+vulgates
+vulgo
+vulgus
+vulguses
+vulpine
+vulture
+vultures
+vulva
+vulvae
+vulval
+vulvar
+vulvas
+vulvate
+vulvitis
+vying
+vyingly
+wab
+wabble
+wabbled
+wabbler
+wabblers
+wabbles
+wabblier
+wabbling
+wabbly
+wabs
+wack
+wacke
+wackes
+wackier
+wackiest
+wackily
+wacko
+wackos
+wacks
+wacky
+wad
+wadable
+wadded
+wadder
+wadders
+waddie
+waddied
+waddies
+wadding
+waddings
+waddle
+waddled
+waddler
+waddlers
+waddles
+waddling
+waddly
+waddy
+waddying
+wade
+wadeable
+waded
+wader
+waders
+wades
+wadi
+wadies
+wading
+wadis
+wadmaal
+wadmaals
+wadmal
+wadmals
+wadmel
+wadmels
+wadmol
+wadmoll
+wadmolls
+wadmols
+wads
+wadset
+wadsets
+wady
+wae
+waeful
+waeness
+waes
+waesuck
+waesucks
+wafer
+wafered
+wafering
+wafers
+wafery
+waff
+waffed
+waffie
+waffies
+waffing
+waffle
+waffled
+waffler
+wafflers
+waffles
+waffling
+waffs
+waft
+waftage
+waftages
+wafted
+wafter
+wafters
+wafting
+wafts
+wafture
+waftures
+wag
+wage
+waged
+wageless
+wager
+wagered
+wagerer
+wagerers
+wagering
+wagers
+wages
+wagged
+wagger
+waggers
+waggery
+wagging
+waggish
+waggle
+waggled
+waggles
+waggling
+waggly
+waggon
+waggoned
+waggoner
+waggons
+waging
+wagon
+wagonage
+wagoned
+wagoner
+wagoners
+wagoning
+wagons
+wags
+wagsome
+wagtail
+wagtails
+wahconda
+wahine
+wahines
+wahoo
+wahoos
+waif
+waifed
+waifing
+waiflike
+waifs
+wail
+wailed
+wailer
+wailers
+wailful
+wailing
+wails
+wailsome
+wain
+wains
+wainscot
+wair
+waired
+wairing
+wairs
+waist
+waisted
+waister
+waisters
+waisting
+waists
+wait
+waited
+waiter
+waiters
+waiting
+waitings
+waitress
+waits
+waive
+waived
+waiver
+waivers
+waives
+waiving
+wakanda
+wakandas
+wake
+waked
+wakeful
+wakeless
+waken
+wakened
+wakener
+wakeners
+wakening
+wakens
+waker
+wakerife
+wakers
+wakes
+wakiki
+wakikis
+waking
+wale
+waled
+waler
+walers
+wales
+walies
+waling
+walk
+walkable
+walkaway
+walked
+walker
+walkers
+walking
+walkings
+walkout
+walkouts
+walkover
+walks
+walkup
+walkups
+walkway
+walkways
+walkyrie
+wall
+walla
+wallaby
+wallah
+wallahs
+wallaroo
+wallas
+walled
+wallet
+wallets
+walleye
+walleyed
+walleyes
+wallie
+wallies
+walling
+wallop
+walloped
+walloper
+wallops
+wallow
+wallowed
+wallower
+wallows
+walls
+wally
+walnut
+walnuts
+walrus
+walruses
+waltz
+waltzed
+waltzer
+waltzers
+waltzes
+waltzing
+waly
+wamble
+wambled
+wambles
+wamblier
+wambling
+wambly
+wame
+wamefou
+wamefous
+wameful
+wamefuls
+wames
+wammus
+wammuses
+wampish
+wampum
+wampums
+wampus
+wampuses
+wamus
+wamuses
+wan
+wand
+wander
+wandered
+wanderer
+wanderoo
+wanders
+wandle
+wands
+wane
+waned
+wanes
+waney
+wangan
+wangans
+wangle
+wangled
+wangler
+wanglers
+wangles
+wangling
+wangun
+wanguns
+wanier
+waniest
+wanigan
+wanigans
+waning
+wanion
+wanions
+wanly
+wanned
+wanner
+wanness
+wannest
+wannigan
+wanning
+wans
+want
+wantage
+wantages
+wanted
+wanter
+wanters
+wanting
+wanton
+wantoned
+wantoner
+wantonly
+wantons
+wants
+wany
+wap
+wapiti
+wapitis
+wapped
+wapping
+waps
+war
+warble
+warbled
+warbler
+warblers
+warbles
+warbling
+warcraft
+ward
+warded
+warden
+wardenry
+wardens
+warder
+warders
+warding
+wardress
+wardrobe
+wardroom
+wards
+wardship
+ware
+wared
+wareroom
+wares
+warfare
+warfares
+warfarin
+warhead
+warheads
+warhorse
+warier
+wariest
+warily
+wariness
+waring
+warison
+warisons
+wark
+warked
+warking
+warks
+warless
+warlike
+warlock
+warlocks
+warlord
+warlords
+warm
+warmaker
+warmed
+warmer
+warmers
+warmest
+warming
+warmish
+warmly
+warmness
+warmouth
+warms
+warmth
+warmths
+warmup
+warmups
+warn
+warned
+warner
+warners
+warning
+warnings
+warns
+warp
+warpage
+warpages
+warpath
+warpaths
+warped
+warper
+warpers
+warping
+warplane
+warpower
+warps
+warpwise
+warragal
+warrant
+warrants
+warranty
+warred
+warren
+warrener
+warrens
+warrigal
+warring
+warrior
+warriors
+wars
+warsaw
+warsaws
+warship
+warships
+warsle
+warsled
+warsler
+warslers
+warsles
+warsling
+warstle
+warstled
+warstler
+warstles
+wart
+warted
+warthog
+warthogs
+wartier
+wartiest
+wartime
+wartimes
+wartless
+wartlike
+warts
+warty
+warwork
+warworks
+warworn
+wary
+was
+wasabi
+wasabis
+wash
+washable
+washbowl
+washday
+washdays
+washed
+washer
+washers
+washes
+washier
+washiest
+washing
+washings
+washout
+washouts
+washrag
+washrags
+washroom
+washtub
+washtubs
+washup
+washups
+washy
+wasp
+waspier
+waspiest
+waspily
+waspish
+wasplike
+wasps
+waspy
+wassail
+wassails
+wast
+wastable
+wastage
+wastages
+waste
+wasted
+wasteful
+wastelot
+waster
+wasterie
+wasters
+wastery
+wastes
+wasteway
+wasting
+wastrel
+wastrels
+wastrie
+wastries
+wastry
+wasts
+wat
+watap
+watape
+watapes
+wataps
+watch
+watchcry
+watchdog
+watched
+watcher
+watchers
+watches
+watcheye
+watchful
+watching
+watchman
+watchmen
+watchout
+water
+waterage
+waterbed
+waterdog
+watered
+waterer
+waterers
+waterier
+waterily
+watering
+waterish
+waterlog
+waterloo
+waterman
+watermen
+waters
+waterway
+watery
+wats
+watt
+wattage
+wattages
+wattape
+wattapes
+watter
+wattest
+watthour
+wattle
+wattled
+wattles
+wattless
+wattling
+watts
+waucht
+wauchted
+wauchts
+waugh
+waught
+waughted
+waughts
+wauk
+wauked
+wauking
+wauks
+waul
+wauled
+wauling
+wauls
+waur
+wave
+waveband
+waved
+waveform
+waveless
+wavelet
+wavelets
+wavelike
+waveoff
+waveoffs
+waver
+wavered
+waverer
+waverers
+wavering
+wavers
+wavery
+waves
+wavey
+waveys
+wavier
+wavies
+waviest
+wavily
+waviness
+waving
+wavy
+waw
+wawl
+wawled
+wawling
+wawls
+waws
+wax
+waxberry
+waxbill
+waxbills
+waxed
+waxen
+waxer
+waxers
+waxes
+waxier
+waxiest
+waxily
+waxiness
+waxing
+waxings
+waxlike
+waxplant
+waxweed
+waxweeds
+waxwing
+waxwings
+waxwork
+waxworks
+waxworm
+waxworms
+waxy
+way
+waybill
+waybills
+wayfarer
+waygoing
+waylaid
+waylay
+waylayer
+waylays
+wayless
+ways
+wayside
+waysides
+wayward
+wayworn
+we
+weak
+weaken
+weakened
+weakener
+weakens
+weaker
+weakest
+weakfish
+weakish
+weaklier
+weakling
+weakly
+weakness
+weakside
+weal
+weald
+wealds
+weals
+wealth
+wealths
+wealthy
+wean
+weaned
+weaner
+weaners
+weaning
+weanling
+weans
+weapon
+weaponed
+weaponry
+weapons
+wear
+wearable
+wearer
+wearers
+wearied
+wearier
+wearies
+weariest
+weariful
+wearily
+wearing
+wearish
+wears
+weary
+wearying
+weasand
+weasands
+weasel
+weaseled
+weaselly
+weasels
+weasely
+weason
+weasons
+weather
+weathers
+weave
+weaved
+weaver
+weavers
+weaves
+weaving
+weazand
+weazands
+web
+webbed
+webbier
+webbiest
+webbing
+webbings
+webby
+weber
+webers
+webfed
+webfeet
+webfoot
+webless
+weblike
+webs
+webster
+websters
+webwork
+webworks
+webworm
+webworms
+wecht
+wechts
+wed
+wedded
+wedder
+wedders
+wedding
+weddings
+wedel
+wedeled
+wedeling
+wedeln
+wedelns
+wedels
+wedge
+wedged
+wedges
+wedgie
+wedgier
+wedgies
+wedgiest
+wedging
+wedgy
+wedlock
+wedlocks
+weds
+wee
+weed
+weeded
+weeder
+weeders
+weedier
+weediest
+weedily
+weeding
+weedless
+weedlike
+weeds
+weedy
+week
+weekday
+weekdays
+weekend
+weekends
+weeklies
+weeklong
+weekly
+weeks
+weel
+ween
+weened
+weenie
+weenier
+weenies
+weeniest
+weening
+weens
+weensier
+weensy
+weeny
+weep
+weeper
+weepers
+weepie
+weepier
+weepies
+weepiest
+weeping
+weepings
+weeps
+weepy
+weer
+wees
+weest
+weet
+weeted
+weeting
+weets
+weever
+weevers
+weevil
+weeviled
+weevilly
+weevils
+weevily
+weewee
+weeweed
+weewees
+weft
+wefts
+weftwise
+weigela
+weigelas
+weigelia
+weigh
+weighed
+weigher
+weighers
+weighing
+weighman
+weighmen
+weighs
+weight
+weighted
+weighter
+weights
+weighty
+weiner
+weiners
+weir
+weird
+weirder
+weirdest
+weirdie
+weirdies
+weirdly
+weirdo
+weirdoes
+weirdos
+weirds
+weirdy
+weirs
+weka
+wekas
+welch
+welched
+welcher
+welchers
+welches
+welching
+welcome
+welcomed
+welcomer
+welcomes
+weld
+weldable
+welded
+welder
+welders
+welding
+weldless
+weldment
+weldor
+weldors
+welds
+welfare
+welfares
+welkin
+welkins
+well
+welladay
+wellaway
+wellborn
+wellcurb
+welldoer
+welled
+wellhead
+wellhole
+wellie
+wellies
+welling
+wellness
+wells
+wellsite
+welly
+welsh
+welshed
+welsher
+welshers
+welshes
+welshing
+welt
+welted
+welter
+weltered
+welters
+welting
+weltings
+welts
+wen
+wench
+wenched
+wencher
+wenchers
+wenches
+wenching
+wend
+wended
+wendigo
+wendigos
+wending
+wends
+wennier
+wenniest
+wennish
+wenny
+wens
+went
+wept
+were
+weregild
+werewolf
+wergeld
+wergelds
+wergelt
+wergelts
+wergild
+wergilds
+wert
+werwolf
+weskit
+weskits
+wessand
+wessands
+west
+wester
+westered
+westerly
+western
+westerns
+westers
+westing
+westings
+westmost
+wests
+westward
+wet
+wetback
+wetbacks
+wether
+wethers
+wetland
+wetlands
+wetly
+wetness
+wetproof
+wets
+wettable
+wetted
+wetter
+wetters
+wettest
+wetting
+wettings
+wettish
+wha
+whack
+whacked
+whacker
+whackers
+whackier
+whacking
+whacko
+whackos
+whacks
+whacky
+whale
+whaled
+whaleman
+whalemen
+whaler
+whalers
+whales
+whaling
+whalings
+wham
+whammed
+whammies
+whamming
+whammo
+whammy
+whamo
+whams
+whang
+whanged
+whangee
+whangees
+whanging
+whangs
+whap
+whapped
+whapper
+whappers
+whapping
+whaps
+wharf
+wharfage
+wharfed
+wharfing
+wharfs
+wharve
+wharves
+what
+whatever
+whatness
+whatnot
+whatnots
+whats
+whatsis
+whatsit
+whatsits
+whaup
+whaups
+wheal
+wheals
+wheat
+wheatear
+wheaten
+wheatens
+wheats
+whee
+wheedle
+wheedled
+wheedler
+wheedles
+wheel
+wheeled
+wheeler
+wheelers
+wheelie
+wheelies
+wheeling
+wheelman
+wheelmen
+wheels
+wheen
+wheens
+wheep
+wheeped
+wheeping
+wheeple
+wheepled
+wheeples
+wheeps
+wheeze
+wheezed
+wheezer
+wheezers
+wheezes
+wheezier
+wheezily
+wheezing
+wheezy
+whelk
+whelkier
+whelks
+whelky
+whelm
+whelmed
+whelming
+whelms
+whelp
+whelped
+whelping
+whelps
+when
+whenas
+whence
+whenever
+whens
+where
+whereas
+whereat
+whereby
+wherein
+whereof
+whereon
+wheres
+whereto
+wherever
+wherried
+wherries
+wherry
+wherve
+wherves
+whet
+whether
+whets
+whetted
+whetter
+whetters
+whetting
+whew
+whews
+whey
+wheyey
+wheyface
+wheyish
+wheylike
+wheys
+which
+whicker
+whickers
+whid
+whidah
+whidahs
+whidded
+whidding
+whids
+whiff
+whiffed
+whiffer
+whiffers
+whiffet
+whiffets
+whiffing
+whiffle
+whiffled
+whiffler
+whiffles
+whiffs
+whig
+whigs
+while
+whiled
+whiles
+whiling
+whilom
+whilst
+whim
+whimbrel
+whimper
+whimpers
+whims
+whimsey
+whimseys
+whimsied
+whimsies
+whimsy
+whin
+whinchat
+whine
+whined
+whiner
+whiners
+whines
+whiney
+whinge
+whinged
+whinges
+whinging
+whinier
+whiniest
+whining
+whinnied
+whinnier
+whinnies
+whinny
+whins
+whiny
+whip
+whipcord
+whiplash
+whiplike
+whipped
+whipper
+whippers
+whippet
+whippets
+whippier
+whipping
+whippy
+whipray
+whiprays
+whips
+whipsaw
+whipsawn
+whipsaws
+whipt
+whiptail
+whipworm
+whir
+whirl
+whirled
+whirler
+whirlers
+whirlier
+whirlies
+whirling
+whirls
+whirly
+whirr
+whirred
+whirried
+whirries
+whirring
+whirrs
+whirry
+whirs
+whish
+whished
+whishes
+whishing
+whisht
+whishted
+whishts
+whisk
+whisked
+whisker
+whiskers
+whiskery
+whiskey
+whiskeys
+whiskies
+whisking
+whisks
+whisky
+whisper
+whispers
+whispery
+whist
+whisted
+whisting
+whistle
+whistled
+whistler
+whistles
+whists
+whit
+white
+whitecap
+whited
+whitefly
+whitely
+whiten
+whitened
+whitener
+whitens
+whiteout
+whiter
+whites
+whitest
+whitey
+whiteys
+whither
+whitier
+whities
+whitiest
+whiting
+whitings
+whitish
+whitlow
+whitlows
+whitrack
+whits
+whitter
+whitters
+whittle
+whittled
+whittler
+whittles
+whittret
+whity
+whiz
+whizbang
+whizz
+whizzed
+whizzer
+whizzers
+whizzes
+whizzing
+who
+whoa
+whodunit
+whoever
+whole
+wholes
+wholism
+wholisms
+wholly
+whom
+whomever
+whomp
+whomped
+whomping
+whomps
+whomso
+whoof
+whoofed
+whoofing
+whoofs
+whoop
+whooped
+whoopee
+whoopees
+whooper
+whoopers
+whooping
+whoopla
+whooplas
+whoops
+whoosh
+whooshed
+whooshes
+whoosis
+whop
+whopped
+whopper
+whoppers
+whopping
+whops
+whore
+whored
+whoredom
+whores
+whoreson
+whoring
+whorish
+whorl
+whorled
+whorls
+whort
+whortle
+whortles
+whorts
+whose
+whosever
+whosis
+whosises
+whoso
+whump
+whumped
+whumping
+whumps
+why
+whydah
+whydahs
+whys
+wich
+wiches
+wick
+wickape
+wickapes
+wicked
+wickeder
+wickedly
+wicker
+wickers
+wicket
+wickets
+wicking
+wickings
+wickiup
+wickiups
+wicks
+wickyup
+wickyups
+wicopies
+wicopy
+widder
+widders
+widdie
+widdies
+widdle
+widdled
+widdles
+widdling
+widdy
+wide
+wideband
+widely
+widen
+widened
+widener
+wideners
+wideness
+widening
+widens
+wideout
+wideouts
+wider
+wides
+widest
+widgeon
+widgeons
+widget
+widgets
+widish
+widow
+widowed
+widower
+widowers
+widowing
+widows
+width
+widths
+widthway
+wield
+wielded
+wielder
+wielders
+wieldier
+wielding
+wields
+wieldy
+wiener
+wieners
+wienie
+wienies
+wife
+wifed
+wifedom
+wifedoms
+wifehood
+wifeless
+wifelier
+wifelike
+wifely
+wifes
+wifing
+wiftier
+wiftiest
+wifty
+wig
+wigan
+wigans
+wigeon
+wigeons
+wigged
+wiggery
+wiggier
+wiggiest
+wigging
+wiggings
+wiggle
+wiggled
+wiggler
+wigglers
+wiggles
+wigglier
+wiggling
+wiggly
+wiggy
+wight
+wights
+wigless
+wiglet
+wiglets
+wiglike
+wigmaker
+wigs
+wigwag
+wigwags
+wigwam
+wigwams
+wikiup
+wikiups
+wilco
+wild
+wildcat
+wildcats
+wilder
+wildered
+wilders
+wildest
+wildfire
+wildfowl
+wilding
+wildings
+wildish
+wildland
+wildlife
+wildling
+wildly
+wildness
+wilds
+wildwood
+wile
+wiled
+wiles
+wilful
+wilfully
+wilier
+wiliest
+wilily
+wiliness
+wiling
+will
+willable
+willed
+willer
+willers
+willet
+willets
+willful
+willied
+willies
+willing
+williwau
+williwaw
+willow
+willowed
+willower
+willows
+willowy
+wills
+willy
+willyard
+willyart
+willying
+willywaw
+wilt
+wilted
+wilting
+wilts
+wily
+wimble
+wimbled
+wimbles
+wimbling
+wimp
+wimpier
+wimpiest
+wimpish
+wimple
+wimpled
+wimples
+wimpling
+wimps
+wimpy
+win
+wince
+winced
+wincer
+wincers
+winces
+wincey
+winceys
+winch
+winched
+wincher
+winchers
+winches
+winching
+wincing
+wind
+windable
+windage
+windages
+windbag
+windbags
+windburn
+winded
+winder
+winders
+windfall
+windflaw
+windgall
+windier
+windiest
+windigo
+windigos
+windily
+winding
+windings
+windlass
+windle
+windled
+windles
+windless
+windling
+windmill
+window
+windowed
+windows
+windpipe
+windrow
+windrows
+winds
+windsock
+windsurf
+windup
+windups
+windward
+windway
+windways
+windy
+wine
+wined
+wineless
+wineries
+winery
+wines
+wineshop
+wineskin
+winesop
+winesops
+winey
+wing
+wingback
+wingbow
+wingbows
+wingding
+winged
+wingedly
+winger
+wingers
+wingier
+wingiest
+winging
+wingless
+winglet
+winglets
+winglike
+wingman
+wingmen
+wingover
+wings
+wingspan
+wingtip
+wingtips
+wingy
+winier
+winiest
+wining
+winish
+wink
+winked
+winker
+winkers
+winking
+winkle
+winkled
+winkles
+winkling
+winks
+winless
+winnable
+winned
+winner
+winners
+winning
+winnings
+winnock
+winnocks
+winnow
+winnowed
+winnower
+winnows
+wino
+winoes
+winos
+wins
+winsome
+winsomer
+winter
+wintered
+winterer
+winterly
+winters
+wintery
+wintle
+wintled
+wintles
+wintling
+wintrier
+wintrily
+wintry
+winy
+winze
+winzes
+wipe
+wiped
+wipeout
+wipeouts
+wiper
+wipers
+wipes
+wiping
+wirable
+wire
+wired
+wiredraw
+wiredrew
+wirehair
+wireless
+wirelike
+wireman
+wiremen
+wirer
+wirers
+wires
+wiretap
+wiretaps
+wireway
+wireways
+wirework
+wireworm
+wirier
+wiriest
+wirily
+wiriness
+wiring
+wirings
+wirra
+wiry
+wis
+wisdom
+wisdoms
+wise
+wiseacre
+wiseass
+wised
+wiselier
+wisely
+wiseness
+wisent
+wisents
+wiser
+wises
+wisest
+wish
+wisha
+wishbone
+wished
+wisher
+wishers
+wishes
+wishful
+wishing
+wishless
+wising
+wisp
+wisped
+wispier
+wispiest
+wispily
+wisping
+wispish
+wisplike
+wisps
+wispy
+wiss
+wissed
+wisses
+wissing
+wist
+wistaria
+wisted
+wisteria
+wistful
+wisting
+wists
+wit
+witan
+witch
+witched
+witchery
+witches
+witchier
+witching
+witchy
+wite
+wited
+wites
+with
+withal
+withdraw
+withdrew
+withe
+withed
+wither
+withered
+witherer
+withers
+withes
+withheld
+withhold
+withier
+withies
+withiest
+within
+withing
+withins
+without
+withouts
+withy
+witing
+witless
+witling
+witlings
+witloof
+witloofs
+witness
+witney
+witneys
+wits
+witted
+wittier
+wittiest
+wittily
+witting
+wittings
+wittol
+wittols
+witty
+wive
+wived
+wiver
+wivern
+wiverns
+wivers
+wives
+wiving
+wiz
+wizard
+wizardly
+wizardry
+wizards
+wizen
+wizened
+wizening
+wizens
+wizes
+wizzen
+wizzens
+wo
+woad
+woaded
+woads
+woadwax
+woald
+woalds
+wobble
+wobbled
+wobbler
+wobblers
+wobbles
+wobblier
+wobblies
+wobbling
+wobbly
+wobegone
+wodge
+wodges
+woe
+woeful
+woefully
+woeness
+woes
+woesome
+woful
+wofully
+wog
+wogs
+wok
+woke
+woken
+woks
+wold
+wolds
+wolf
+wolfed
+wolfer
+wolfers
+wolffish
+wolfing
+wolfish
+wolflike
+wolfram
+wolframs
+wolfs
+wolver
+wolvers
+wolves
+woman
+womaned
+womaning
+womanise
+womanish
+womanize
+womanly
+womans
+womb
+wombat
+wombats
+wombed
+wombier
+wombiest
+wombs
+womby
+women
+womera
+womeras
+wommera
+wommeras
+won
+wonder
+wondered
+wonderer
+wonders
+wondrous
+wonk
+wonkier
+wonkiest
+wonks
+wonky
+wonned
+wonner
+wonners
+wonning
+wons
+wont
+wonted
+wontedly
+wonting
+wonton
+wontons
+wonts
+woo
+wood
+woodbin
+woodbind
+woodbine
+woodbins
+woodbox
+woodchat
+woodcock
+woodcut
+woodcuts
+wooded
+wooden
+woodener
+woodenly
+woodhen
+woodhens
+woodie
+woodier
+woodies
+woodiest
+wooding
+woodland
+woodlark
+woodless
+woodlore
+woodlot
+woodlots
+woodman
+woodmen
+woodnote
+woodpile
+woodruff
+woods
+woodshed
+woodsia
+woodsias
+woodsier
+woodsman
+woodsmen
+woodsy
+woodwax
+woodwind
+woodwork
+woodworm
+woody
+wooed
+wooer
+wooers
+woof
+woofed
+woofer
+woofers
+woofing
+woofs
+wooing
+wooingly
+wool
+wooled
+woolen
+woolens
+wooler
+woolers
+woolfell
+woolhat
+woolhats
+woolie
+woolier
+woolies
+wooliest
+woolled
+woollen
+woollens
+woollier
+woollies
+woollike
+woollily
+woolly
+woolman
+woolmen
+woolpack
+wools
+woolsack
+woolshed
+woolskin
+woolwork
+wooly
+woomera
+woomeras
+woops
+woopsed
+woopses
+woopsing
+woorali
+wooralis
+woorari
+wooraris
+woos
+woosh
+wooshed
+wooshes
+wooshing
+woozier
+wooziest
+woozily
+woozy
+wop
+wops
+word
+wordage
+wordages
+wordbook
+worded
+wordier
+wordiest
+wordily
+wording
+wordings
+wordless
+wordplay
+words
+wordy
+wore
+work
+workable
+workaday
+workbag
+workbags
+workboat
+workbook
+workbox
+workday
+workdays
+worked
+worker
+workers
+workfare
+workfolk
+working
+workings
+workless
+workload
+workman
+workmate
+workmen
+workout
+workouts
+workroom
+works
+workshop
+workup
+workups
+workweek
+world
+worldly
+worlds
+worm
+wormed
+wormer
+wormers
+wormhole
+wormier
+wormiest
+wormil
+wormils
+worming
+wormish
+wormlike
+wormroot
+worms
+wormseed
+wormwood
+wormy
+worn
+wornness
+worried
+worrier
+worriers
+worries
+worrit
+worrited
+worrits
+worry
+worrying
+worse
+worsen
+worsened
+worsens
+worser
+worses
+worset
+worsets
+worship
+worships
+worst
+worsted
+worsteds
+worsting
+worsts
+wort
+worth
+worthed
+worthful
+worthier
+worthies
+worthily
+worthing
+worths
+worthy
+worts
+wos
+wost
+wot
+wots
+wotted
+wotting
+would
+wouldest
+wouldst
+wound
+wounded
+wounding
+wounds
+wove
+woven
+wovens
+wow
+wowed
+wowing
+wows
+wowser
+wowsers
+wrack
+wracked
+wrackful
+wracking
+wracks
+wraith
+wraiths
+wrang
+wrangle
+wrangled
+wrangler
+wrangles
+wrangs
+wrap
+wrapped
+wrapper
+wrappers
+wrapping
+wraps
+wrapt
+wrasse
+wrasses
+wrassle
+wrassled
+wrassles
+wrastle
+wrastled
+wrastles
+wrath
+wrathed
+wrathful
+wrathier
+wrathily
+wrathing
+wraths
+wrathy
+wreak
+wreaked
+wreaker
+wreakers
+wreaking
+wreaks
+wreath
+wreathe
+wreathed
+wreathen
+wreathes
+wreaths
+wreathy
+wreck
+wreckage
+wrecked
+wrecker
+wreckers
+wreckful
+wrecking
+wrecks
+wren
+wrench
+wrenched
+wrenches
+wrens
+wrest
+wrested
+wrester
+wresters
+wresting
+wrestle
+wrestled
+wrestler
+wrestles
+wrests
+wretch
+wretched
+wretches
+wrick
+wricked
+wricking
+wricks
+wried
+wrier
+wries
+wriest
+wriggle
+wriggled
+wriggler
+wriggles
+wriggly
+wright
+wrights
+wring
+wringed
+wringer
+wringers
+wringing
+wrings
+wrinkle
+wrinkled
+wrinkles
+wrinkly
+wrist
+wristier
+wristlet
+wrists
+wristy
+writ
+writable
+write
+writer
+writerly
+writers
+writes
+writhe
+writhed
+writhen
+writher
+writhers
+writhes
+writhing
+writing
+writings
+writs
+written
+wrong
+wronged
+wronger
+wrongers
+wrongest
+wrongful
+wronging
+wrongly
+wrongs
+wrote
+wroth
+wrothful
+wrought
+wrung
+wry
+wryer
+wryest
+wrying
+wryly
+wryneck
+wrynecks
+wryness
+wud
+wurst
+wursts
+wurzel
+wurzels
+wuss
+wusses
+wussier
+wussies
+wussiest
+wussy
+wuther
+wuthered
+wuthers
+wych
+wyches
+wye
+wyes
+wyle
+wyled
+wyles
+wyling
+wyn
+wynd
+wynds
+wynn
+wynns
+wyns
+wyte
+wyted
+wytes
+wyting
+wyvern
+wyverns
+xanthan
+xanthans
+xanthate
+xanthein
+xanthene
+xanthic
+xanthin
+xanthine
+xanthins
+xanthoma
+xanthone
+xanthous
+xebec
+xebecs
+xenia
+xenial
+xenias
+xenic
+xenogamy
+xenogeny
+xenolith
+xenon
+xenons
+xerarch
+xeric
+xerosere
+xeroses
+xerosis
+xerotic
+xerox
+xeroxed
+xeroxes
+xeroxing
+xerus
+xeruses
+xi
+xiphoid
+xiphoids
+xis
+xu
+xylan
+xylans
+xylem
+xylems
+xylene
+xylenes
+xylidin
+xylidine
+xylidins
+xylitol
+xylitols
+xylocarp
+xyloid
+xylol
+xylols
+xylose
+xyloses
+xylotomy
+xylyl
+xylyls
+xyst
+xyster
+xysters
+xysti
+xystoi
+xystos
+xysts
+xystus
+ya
+yabber
+yabbered
+yabbers
+yacht
+yachted
+yachter
+yachters
+yachting
+yachtman
+yachtmen
+yachts
+yack
+yacked
+yacking
+yacks
+yaff
+yaffed
+yaffing
+yaffs
+yager
+yagers
+yagi
+yagis
+yah
+yahoo
+yahooism
+yahoos
+yahrzeit
+yaird
+yairds
+yak
+yakitori
+yakked
+yakker
+yakkers
+yakking
+yaks
+yald
+yam
+yamalka
+yamalkas
+yamen
+yamens
+yammer
+yammered
+yammerer
+yammers
+yams
+yamulka
+yamulkas
+yamun
+yamuns
+yang
+yangs
+yank
+yanked
+yanking
+yanks
+yanqui
+yanquis
+yantra
+yantras
+yap
+yapock
+yapocks
+yapok
+yapoks
+yapon
+yapons
+yapped
+yapper
+yappers
+yapping
+yaps
+yar
+yard
+yardage
+yardages
+yardarm
+yardarms
+yardbird
+yarded
+yarding
+yardland
+yardman
+yardmen
+yards
+yardwand
+yardwork
+yare
+yarely
+yarer
+yarest
+yarmelke
+yarmulke
+yarn
+yarned
+yarner
+yarners
+yarning
+yarns
+yarrow
+yarrows
+yashmac
+yashmacs
+yashmak
+yashmaks
+yasmak
+yasmaks
+yatagan
+yatagans
+yataghan
+yatter
+yattered
+yatters
+yaud
+yauds
+yauld
+yaup
+yauped
+yauper
+yaupers
+yauping
+yaupon
+yaupons
+yaups
+yautia
+yautias
+yaw
+yawed
+yawing
+yawl
+yawled
+yawling
+yawls
+yawmeter
+yawn
+yawned
+yawner
+yawners
+yawning
+yawns
+yawp
+yawped
+yawper
+yawpers
+yawping
+yawpings
+yawps
+yaws
+yay
+yays
+ycleped
+yclept
+ye
+yea
+yeah
+yealing
+yealings
+yean
+yeaned
+yeaning
+yeanling
+yeans
+year
+yearbook
+yearend
+yearends
+yearlies
+yearling
+yearlong
+yearly
+yearn
+yearned
+yearner
+yearners
+yearning
+yearns
+years
+yeas
+yeasayer
+yeast
+yeasted
+yeastier
+yeastily
+yeasting
+yeasts
+yeasty
+yecch
+yecchs
+yech
+yechs
+yechy
+yeelin
+yeelins
+yegg
+yeggman
+yeggmen
+yeggs
+yeh
+yeld
+yelk
+yelks
+yell
+yelled
+yeller
+yellers
+yelling
+yellow
+yellowed
+yellower
+yellowly
+yellows
+yellowy
+yells
+yelp
+yelped
+yelper
+yelpers
+yelping
+yelps
+yen
+yenned
+yenning
+yens
+yenta
+yentas
+yente
+yentes
+yeoman
+yeomanly
+yeomanry
+yeomen
+yep
+yerba
+yerbas
+yerk
+yerked
+yerking
+yerks
+yes
+yeses
+yeshiva
+yeshivah
+yeshivas
+yeshivot
+yessed
+yesses
+yessing
+yester
+yestern
+yestreen
+yet
+yeti
+yetis
+yett
+yetts
+yeuk
+yeuked
+yeuking
+yeuks
+yeuky
+yew
+yews
+yid
+yids
+yield
+yielded
+yielder
+yielders
+yielding
+yields
+yikes
+yill
+yills
+yin
+yince
+yins
+yip
+yipe
+yipes
+yipped
+yippee
+yippie
+yippies
+yipping
+yips
+yird
+yirds
+yirr
+yirred
+yirring
+yirrs
+yirth
+yirths
+ylem
+ylems
+yo
+yob
+yobbo
+yobboes
+yobbos
+yobs
+yock
+yocked
+yocking
+yocks
+yod
+yodel
+yodeled
+yodeler
+yodelers
+yodeling
+yodelled
+yodeller
+yodels
+yodh
+yodhs
+yodle
+yodled
+yodler
+yodlers
+yodles
+yodling
+yods
+yoga
+yogas
+yogee
+yogees
+yogh
+yoghourt
+yoghs
+yoghurt
+yoghurts
+yogi
+yogic
+yogin
+yogini
+yoginis
+yogins
+yogis
+yogurt
+yogurts
+yoicks
+yok
+yoke
+yoked
+yokel
+yokeless
+yokelish
+yokels
+yokemate
+yokes
+yoking
+yokozuna
+yoks
+yolk
+yolked
+yolkier
+yolkiest
+yolks
+yolky
+yom
+yomim
+yon
+yond
+yonder
+yoni
+yonic
+yonis
+yonker
+yonkers
+yore
+yores
+you
+young
+younger
+youngers
+youngest
+youngish
+youngs
+younker
+younkers
+youpon
+youpons
+your
+yourn
+yours
+yourself
+youse
+youth
+youthen
+youthens
+youthful
+youths
+yow
+yowe
+yowed
+yowes
+yowie
+yowies
+yowing
+yowl
+yowled
+yowler
+yowlers
+yowling
+yowls
+yows
+yperite
+yperites
+ytterbia
+ytterbic
+yttria
+yttrias
+yttric
+yttrium
+yttriums
+yuan
+yuans
+yuca
+yucas
+yucca
+yuccas
+yucch
+yuch
+yuck
+yucked
+yuckier
+yuckiest
+yucking
+yucks
+yucky
+yuga
+yugas
+yuk
+yukked
+yukking
+yuks
+yulan
+yulans
+yule
+yules
+yuletide
+yum
+yummier
+yummies
+yummiest
+yummy
+yup
+yupon
+yupons
+yuppie
+yuppies
+yups
+yurt
+yurta
+yurts
+ywis
+zabaione
+zabajone
+zacaton
+zacatons
+zaddick
+zaddik
+zaddikim
+zaffar
+zaffars
+zaffer
+zaffers
+zaffir
+zaffirs
+zaffre
+zaffres
+zaftig
+zag
+zagged
+zagging
+zags
+zaibatsu
+zaikai
+zaikais
+zaire
+zaires
+zamarra
+zamarras
+zamarro
+zamarros
+zamia
+zamias
+zamindar
+zanana
+zananas
+zander
+zanders
+zanier
+zanies
+zaniest
+zanily
+zaniness
+zany
+zanyish
+zanza
+zanzas
+zap
+zapateo
+zapateos
+zapped
+zapper
+zappers
+zappier
+zappiest
+zapping
+zappy
+zaps
+zaptiah
+zaptiahs
+zaptieh
+zaptiehs
+zaratite
+zareba
+zarebas
+zareeba
+zareebas
+zarf
+zarfs
+zariba
+zaribas
+zarzuela
+zastruga
+zastrugi
+zax
+zaxes
+zayin
+zayins
+zazen
+zazens
+zeal
+zealot
+zealotry
+zealots
+zealous
+zeals
+zeatin
+zeatins
+zebec
+zebeck
+zebecks
+zebecs
+zebra
+zebraic
+zebras
+zebrass
+zebrine
+zebroid
+zebu
+zebus
+zecchin
+zecchini
+zecchino
+zecchins
+zechin
+zechins
+zed
+zedoary
+zeds
+zee
+zees
+zein
+zeins
+zek
+zeks
+zelkova
+zelkovas
+zemindar
+zemstva
+zemstvo
+zemstvos
+zenaida
+zenaidas
+zenana
+zenanas
+zenith
+zenithal
+zeniths
+zeolite
+zeolites
+zeolitic
+zephyr
+zephyrs
+zeppelin
+zerk
+zerks
+zero
+zeroed
+zeroes
+zeroing
+zeros
+zeroth
+zest
+zested
+zester
+zesters
+zestful
+zestier
+zestiest
+zesting
+zestless
+zests
+zesty
+zeta
+zetas
+zeugma
+zeugmas
+zibeline
+zibet
+zibeth
+zibeths
+zibets
+zig
+zigged
+zigging
+ziggurat
+zigs
+zigzag
+zigzags
+zikkurat
+zikurat
+zikurats
+zilch
+zilches
+zill
+zillah
+zillahs
+zillion
+zillions
+zills
+zin
+zinc
+zincate
+zincates
+zinced
+zincic
+zincify
+zincing
+zincite
+zincites
+zincked
+zincking
+zincky
+zincoid
+zincous
+zincs
+zincy
+zineb
+zinebs
+zing
+zingani
+zingano
+zingara
+zingare
+zingari
+zingaro
+zinged
+zinger
+zingers
+zingier
+zingiest
+zinging
+zings
+zingy
+zinkify
+zinky
+zinnia
+zinnias
+zins
+zip
+zipless
+zipped
+zipper
+zippered
+zippers
+zippier
+zippiest
+zipping
+zippy
+zips
+ziram
+zirams
+zircon
+zirconia
+zirconic
+zircons
+zit
+zither
+zithern
+zitherns
+zithers
+ziti
+zitis
+zits
+zizit
+zizith
+zizzle
+zizzled
+zizzles
+zizzling
+zlote
+zloties
+zloty
+zlotych
+zlotys
+zoa
+zoaria
+zoarial
+zoarium
+zodiac
+zodiacal
+zodiacs
+zoea
+zoeae
+zoeal
+zoeas
+zoecia
+zoecium
+zoftig
+zoic
+zoisite
+zoisites
+zombi
+zombie
+zombies
+zombify
+zombiism
+zombis
+zonal
+zonally
+zonary
+zonate
+zonated
+zonation
+zone
+zoned
+zoneless
+zoner
+zoners
+zones
+zonetime
+zoning
+zonk
+zonked
+zonking
+zonks
+zonula
+zonulae
+zonular
+zonulas
+zonule
+zonules
+zoo
+zoochore
+zooecia
+zooecium
+zoogenic
+zooglea
+zoogleae
+zoogleal
+zoogleas
+zoogloea
+zooid
+zooidal
+zooids
+zooks
+zoolater
+zoolatry
+zoologic
+zoology
+zoom
+zoomania
+zoomed
+zoometry
+zooming
+zoomorph
+zooms
+zoon
+zoonal
+zoonoses
+zoonosis
+zoonotic
+zoons
+zoophile
+zoophily
+zoophobe
+zoophyte
+zoos
+zoosperm
+zoospore
+zootier
+zootiest
+zootomic
+zootomy
+zooty
+zori
+zoril
+zorilla
+zorillas
+zorille
+zorilles
+zorillo
+zorillos
+zorils
+zoris
+zoster
+zosters
+zouave
+zouaves
+zounds
+zowie
+zoysia
+zoysias
+zucchini
+zwieback
+zydeco
+zydecos
+zygoid
+zygoma
+zygomas
+zygomata
+zygose
+zygoses
+zygosis
+zygosity
+zygote
+zygotene
+zygotes
+zygotic
+zymase
+zymases
+zyme
+zymes
+zymogen
+zymogene
+zymogens
+zymogram
+zymology
+zymosan
+zymosans
+zymoses
+zymosis
+zymotic
+zymurgy
+zyzzyva
+zyzzyvas
diff --git a/chapter2/find_missing.cc b/chapter2/find_missing.cc
new file mode 100644
index 0000000..7606018
--- /dev/null
+++ b/chapter2/find_missing.cc
@@ -0,0 +1,45 @@
+#include <iostream>
+using std::cout;
+using std::endl;
+
+int find_missing(int *array, int len, int nbits) {
+  int leading_zero[len / 2 + 1];
+  int leading_one[len / 2 + 1];
+  int n = len;
+  int res = 0;
+  int *p_in = array;
+
+  while (nbits--) {
+    int count_leading_zero = 0;
+    int count_leading_one = 0;
+    int leading_bit = 1 << nbits;
+    for (int i = 0; i < n; ++i) {
+      if (p_in[i] & leading_bit) {
+        leading_one[count_leading_one++] = p_in[i];
+      } else {
+        leading_zero[count_leading_zero++] = p_in[i];
+      }
+    }
+    if (count_leading_one <= count_leading_zero) {
+      res |= leading_bit;
+      n = count_leading_one;
+      p_in = leading_one;
+    } else {
+      n = count_leading_zero;
+      p_in = leading_zero;
+    }
+  }
+  return res;
+}
+
+int main(int argc, char *argv[]) {
+  int a[7];
+  int missing_num = 5;
+  for (int i = 0; i < 7; ++i) {
+    if (i != missing_num) {
+      a[i] = i;
+    }
+  }
+  cout << find_missing(a, 7, 3) << endl;;
+  return 0;
+}
diff --git a/chapter2/juggling.cc b/chapter2/juggling.cc
new file mode 100644
index 0000000..88f4d33
--- /dev/null
+++ b/chapter2/juggling.cc
@@ -0,0 +1,38 @@
+#include <iostream>  //NOLINT
+using std::cout;
+using std::endl;
+
+int gcd(int m, int n) {
+    if (m < n) {
+        return gcd(n, m);
+    }
+    assert(m >= n);
+    while (n) {
+        int temp = n;
+        n = m % n;
+        m = temp;
+    }
+    return m;
+}
+
+void rotate(char *array, int n, int k) {
+  int num_gcd = gcd(n, k);
+  for (int i = 0; i < num_gcd; ++i) {
+    char temp = array[i];
+    int prev = i;
+    int next;
+    while (true) {
+      next = prev + k;
+      if (next >= n) {
+        next -= n;
+      }
+      if (next == i) {
+        break;
+      }
+      array[prev] = array[next];
+      prev = next;
+    }
+    array[prev] = temp;
+  }
+}
+
diff --git a/chapter2/radix_find.cc b/chapter2/radix_find.cc
new file mode 100644
index 0000000..2f41a1c
--- /dev/null
+++ b/chapter2/radix_find.cc
@@ -0,0 +1,37 @@
+#include <iostream> // NOLINT
+using std::cout;
+using std::endl;
+#include <utility>
+using std::swap;
+
+enum FindErrors {
+  kFind = 0,
+  kNotFind,
+};
+
+FindErrors RadixFindDuplicate(int *array, int n, int *dup_num) {
+  for (int i = 0; i < n; ++i) {
+    while (i != array[i]) {
+      if (array[i] == array[array[i]]) {
+        *dup_num = array[i];
+        return kFind;
+      }
+      swap(array[i], array[array[i]]);
+    }
+  }
+  return kNotFind;
+}
+
+int main(int argc, char *argv[]) {
+  const int kMaxN = 10;
+  int a[kMaxN] = {2, 4, 1, 5, 7,  6, 1, 9, 0, 2};
+  FindErrors res;
+  int duplicate_num;
+  res  = RadixFindDuplicate(a, kMaxN, &duplicate_num);
+  if (res == kNotFind) {
+    cout << "not find duplicate num" << endl;
+  } else {
+    cout << "one of the duplicate num: " << duplicate_num << endl;
+  }
+  return 0;
+}
diff --git a/chapter2/sign.cpp b/chapter2/sign.cpp
new file mode 100644
index 0000000..e16bf62
--- /dev/null
+++ b/chapter2/sign.cpp
@@ -0,0 +1,16 @@
+#include<stdlib.h>
+#include<stdio.h>
+#include<string.h>
+int charcmp(const void * x,const  void *y){
+  return *(const char *)x-*(const char *)y;
+}
+int main(){
+  char word[80];
+  char sig[80];
+  while(scanf("%s",word) !=EOF){
+    strcpy(sig,word);
+    qsort(sig,strlen(sig),sizeof(char),charcmp);
+    printf("%s %s\n",sig,word);
+  }
+  return 0;
+}
diff --git a/chapter2/squash.cpp b/chapter2/squash.cpp
new file mode 100644
index 0000000..20b273e
--- /dev/null
+++ b/chapter2/squash.cpp
@@ -0,0 +1,18 @@
+#include<stdlib.h>
+#include<stdio.h>
+#include<string.h>
+int main(){
+  char word[80];
+  char sig[80];
+  char oldsig[80];
+  int linenum=0;
+  while(scanf("%s %s",sig,word)!=EOF){
+    if(strcmp(oldsig,sig)!=0 && linenum>0)
+      printf("\n");
+    strcpy(oldsig,sig);
+    linenum++;
+    printf("%s ",word);
+  }
+  printf("\n");
+  return 0;
+}
diff --git a/chapter3/4.cc b/chapter3/4.cc
new file mode 100644
index 0000000..1f7541f
--- /dev/null
+++ b/chapter3/4.cc
@@ -0,0 +1,101 @@
+#include <cstdio>
+#include <vector>
+using std::vector;
+
+struct Date {
+  Date(int year_in, int month_in, int day_in) {
+    year = year_in;
+    month = month_in;
+    day = day_in;
+  }
+  int year;
+  int month;
+  int day;
+};
+
+const int kMonthDays[] = {0, 31, 28, 31, 30, 31, 30, 31, 31, 30, 31, 30, 31};
+const int KDaysOfWeek = 7;
+enum YearDays {
+  kNormYearDays = 365,
+  kLeapYearDays = 366,
+};
+
+bool IsLeapYear(const int &year) {
+  if ((year % 400 == 0) ||
+      (((year % 4) == 0) && (year % 100) != 0)) {
+    return true;
+  } else {
+    return false;
+  }
+}
+
+int MonthDaysOfYear(int year, int month) {
+  int days = kMonthDays[month];
+  if (month == 2 && IsLeapYear(year)) {
+    days++;
+  }
+  return days;
+}
+
+int DaysOfYear(const Date &date) {
+  int days = 0;
+  days += date.day;
+  for (int i = 1; i < date.month; ++i) {
+    days += MonthDaysOfYear(date.year, i);
+  }
+  return days;
+}
+
+int DaysBetween(const Date &date_pre, const Date &date_next) {
+  int days = 0;
+  for (int year_ = date_pre.year; year_ < date_next.year; ++year_) {
+    days += (IsLeapYear(year_) ? kLeapYearDays : kNormYearDays);
+  }
+  days += DaysOfYear(date_next);
+  days -= DaysOfYear(date_pre);
+  return days;
+}
+
+void PrintCalendar(const vector<vector<int> > &calendar) {
+  printf("Sun Mon Tue Wed Thu Fri Sat\n");
+  int i;
+  for (i = 0; i < KDaysOfWeek - calendar[0].size(); ++i) {
+    printf("    ");
+  }
+  for (i = 0; i < calendar.size(); ++i) {
+    for (int j = 0; j < calendar[i].size(); ++j) {
+      printf("%-4d", calendar[i][j]);
+    }
+    printf("\n");
+  }
+}
+
+int DayOfWeek(const Date &date) {
+  const Date kFirstDate(1900, 1, 1);  // Mon
+  return (DaysBetween(kFirstDate, date) % 7 + 1);
+}
+
+void CalendarOfMonth(int year, int month, vector<vector<int> > *calendar) {
+  Date first_of_month(year, month, 1);
+  int day_of_week = DayOfWeek(first_of_month);
+  vector<int> temp;
+  for (int i = 0; i < MonthDaysOfYear(year, month); ++i) {
+    temp.push_back(i);
+    if ((day_of_week + i) % KDaysOfWeek == 6) {
+      calendar->push_back(temp);
+      temp.clear();
+    }
+  }
+  printf("Year:%d Month:%d\n", year, month);
+  PrintCalendar(*calendar);
+}
+
+int main(int argc, char *argv[]) {
+  Date date_prev(2014, 5, 1);
+  Date date_next(2014, 6, 23);
+  printf("%d\n", DaysBetween(date_prev, date_next));
+  printf("%d\n", DayOfWeek(date_prev));
+  vector<vector<int> > calendar;
+  CalendarOfMonth(2014, 5, &calendar);
+  return 0;
+}
diff --git a/chapter3/5.cc b/chapter3/5.cc
new file mode 100644
index 0000000..f9eaebe
--- /dev/null
+++ b/chapter3/5.cc
@@ -0,0 +1,86 @@
+#include <iostream> // NOLINT
+using std::cout;
+using std::endl;
+#include <vector>
+using std::vector;
+#include <string>
+using std::string;
+#include <cstring>
+#include <algorithm>
+using std::reverse;
+
+const char *kHyphWords[] = {"et-ic", "al-is-tic", "s-tic", "p-tic", "-lyt-ic",
+                      "ot-ic", "an-tic", "n-tic", "c-tic", "at-ic",
+                      "h-nic", "n-ic", "m-ic", "l-lic", "b-lic",
+                      "-clic", "l-ic", "h-ic", "f-ic", "d-ic",
+                      "-bic", "a-ic", "-mac", "i-ac"};
+
+static vector<string> *reverse_hyphs = NULL;
+
+void ReverseHypenation(const char *word, char *reverse_word) {
+  const char kHypen = '-';
+  int len = strlen(word) - 1;
+  int i, j;
+  for (i = 0, j = 0; i <= len; ++i) {
+    if (word[len - i] == kHypen)
+      continue;
+    reverse_word[j++] = word[len - i];
+  }
+  reverse_word[j] = '\0';
+}
+
+void RerverseWord(const string &word, string *reverse_word) {
+  *reverse_word = word;
+  reverse(reverse_word->begin(), reverse_word->end());
+}
+
+void PreProcessHyphenation() {
+  if (reverse_hyphs != NULL) {
+    return;
+  } else {
+    reverse_hyphs = new vector<string>();
+    int n = sizeof(kHyphWords) / sizeof(kHyphWords[0]);
+    for (int i = 0; i < n; ++i) {
+      const int kMaxLen = 10;
+      char reverse_word[kMaxLen];
+      ReverseHypenation(kHyphWords[i], reverse_word);
+      reverse_hyphs->push_back(string(reverse_word));
+    }
+  }
+}
+
+bool IsBeginWith(const string &word, const string &begin_letter) {
+  if (word.size() < begin_letter.size()) {
+    return false;
+  }
+  for (int i = 0; i < begin_letter.size(); ++i) {
+    if (begin_letter[i] != word[i]) {
+      return false;
+    }
+  }
+  return true;
+}
+
+string FindHyphenation(const string &word) {
+  PreProcessHyphenation();
+  string reverse_word;
+  RerverseWord(word, &reverse_word);
+  for (int i = 0; i < reverse_hyphs->size(); ++i) {
+    if (IsBeginWith(reverse_word, reverse_hyphs->at(i))) {
+      return string(kHyphWords[i]);
+    }
+  }
+  return "";
+}
+
+int main(int argc, char *argv[]) {
+  string word = "ethnic";
+  string hyph;
+  hyph = FindHyphenation(word);
+  if (hyph == "") {
+    cout << "not find the hyphenation of " << word << endl;
+  } else {
+    cout << "find the hyphenation is: " << hyph << endl;
+  }
+  return 0;
+}
diff --git a/heap.cpp b/heap.cpp
new file mode 100644
index 0000000..6f6f844
--- /dev/null
+++ b/heap.cpp
@@ -0,0 +1,77 @@
+#include<algorithm>
+using namespace std;
+template<typename T>
+class priqueue{
+
+ public:
+  priqueue(int m){
+    maxsize=m;
+    x = new T[maxsize+1];
+    n=0;
+  }
+  void insert(T t){
+  //pre #S < maxsize
+  //post S = original S \uniset {t}
+    if(n>=maxsize){
+      //      exit(0);
+    }
+    x[++n]=t;
+    int p;
+    for(int i=n;i>1&&x[p=i/2]>x[i];i=p)
+      swap(p,i);
+  }
+  T extractmin(){
+    if(n <1) // exit(0);
+    T t =x[1];
+    x[1]=x[n--];
+    //    siftdown(n);
+    int i,c;
+    for(i=1;(c=2*i)<=n;i=c){
+      if(c+1<=n && x[c+1]<x[c])
+        c++;
+      if(x[i]<x[c])
+        break;
+      swap(c,i);
+    }
+    return t;
+  }
+ private:
+  int n;
+  int maxsize;
+  T* x;
+  void swap(int i, int j){
+    std::swap(x[i],x[j]);
+  }
+      
+};
+void siftup(int n){
+  //  pre n> 0 && heap(1,n-1)
+  // post
+  int i =n;
+  while(true){
+    // invariant: heap(1,n) except perhaps i-th or its parent
+    if(i=1) break;
+    int p=i-1/2;
+    if(x[p]<=x[i]) break;
+    swap(p,i);
+    i=p;
+  }
+         
+}
+void siftdown(int n){
+  // pre heap(2,n) && n>=0
+  //post heap(1,n)
+  int i=1;
+  while(true){
+    //
+    int child = 2* i;
+    if(child >n) break;
+    if(child+1 <=n){
+      if(x[child+1]<x[child])
+        child++;
+    }
+    if(x[i]<=x[child])break;
+    swap(child,i);
+    i=child;                       
+  }
+}
diff --git a/heap.hpp b/heap.hpp
new file mode 100644
index 0000000..8e67486
--- /dev/null
+++ b/heap.hpp
@@ -0,0 +1,87 @@
+/*
+file name: heap_template.cpp
+purpose: 
+	习题11
+	在C++标准模板库中如何实现堆、优先级队列和堆排序？
+creator: guangwei jiang
+create time: 2012-08-14
+
+modify history:
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <iostream>
+#include <set>
+#include <algorithm>
+
+#define DEBUG			0
+#define MAX_ELEMENTS	50000
+#define MAX_VAL			10000000
+ 
+using namespace std;
+
+// notes: bigrand should at least 64bits
+unsigned long long bigrand()
+{
+	return RAND_MAX*rand() + rand();
+}
+
+template<class T>
+void pqsort (T v[], int n)
+{
+	make_heap(v, v+n);
+	sort_heap(v, v+n);
+}
+
+template<class T>
+void print_queue(T v[], int m)
+{
+	printf("print queue\n");
+	for (int i = 0; i < m; i++)
+	{
+		cout << v[i] << "\t";
+		if ((i+1)%10 == 0)
+			cout << "\n";
+	}
+}
+
+int main()
+{
+	clock_t start, finish;
+	double duration;
+	int i, m, n;
+	int *v = NULL;
+
+	m = MAX_ELEMENTS;
+	n = MAX_VAL;
+
+	v = new int[m];
+	for (i = 0; i < m; i++)
+	{
+		v[i] = bigrand()%n;
+	}
+
+#if DEBUG
+	printf("\n");
+	printf("before sorting\n");
+	print_queue(v, m);
+#endif
+
+	start = clock();
+	pqsort(v, m);
+	finish = clock();
+
+#if DEBUG
+	printf("\n");
+	printf("after sorting\n");
+	print_queue(v, m);
+#endif
+
+	duration = (double)(finish - start) / CLOCKS_PER_SEC;
+	cout << "\n" << "m="<< m << ", n=" << n << ", ";
+	cout << "cost time: " << duration << " seconds \n";
+
+	return 0;
+}
diff --git a/maxSumVector.cc b/maxSumVector.cc
new file mode 100644
index 0000000..390079a
--- /dev/null
+++ b/maxSumVector.cc
@@ -0,0 +1,16 @@
+
+#include <vector>
+#include <algorithm>
+using namespace std;
+
+
+float FindMaxSubvector(const vector<float> &num) {
+  float max_sofar = 0;
+  float max_ending_here = 0;
+  for (int i = 0; i < num.size(); ++i) {
+    max_ending_here += num[i];
+    max_ending_here = std:max(0,max_ending_here);
+    max_sofar = std:max(max_sofar, max_ending_here);
+  }
+  return max_sofar;
+}
diff --git a/minimunEditDistance.cpp b/minimunEditDistance.cpp
new file mode 100644
index 0000000..33710bb
--- /dev/null
+++ b/minimunEditDistance.cpp
@@ -0,0 +1,32 @@
+int mininumEditDistance(const char* a,int m, const char*b ,int n){
+  if(a[m-1]==b[n-1]){
+    return mininumEditDistance(a,m-1,b,n-1);
+  }else{
+    return std::min(mininumEditDistance(a,m-1,b,n)+1,
+                    mininumEditDistance(a,m,b,n-1)+1);
+  }
+}
+void mininumEditDistance(char* a , char* b){
+  int m =strlen(a)+1;
+  int n =strlen(b)+1;
+  vector<int> E(m*n);
+  for(int i=0;i<m;++i){
+    E[i*n]=i;
+  }
+  for(int i=0;i<n;++i){
+    E[i]=i;
+  }
+  for(int i=1;i<m;i++){
+    for(int j=1;j<n;j++){
+      int e1 = E[i*n+j-1]+1;
+      int e2 = E[(i-1)*n+j]+1;
+      if(a[i] != b[j]){
+        int e3 = E[(i-1)*n+j-1]+1;
+      }else{
+        int e3 = E[(i-1)*n +j-1]
+      }
+      E[i*n+j]=std::min(std::min(e1,e2),e3);
+    }
+  }
+  cout<<E[n*m-1]<<endl;
+}
diff --git a/phrase.cpp b/phrase.cpp
new file mode 100644
index 0000000..9b0b733
--- /dev/null
+++ b/phrase.cpp
@@ -0,0 +1,44 @@
+#include<string.h>
+#include<stdlib.h>
+#include<stdio.h>
+#include<iostream>
+
+int comlen(char*p,char *q){
+  int i=0;
+  while(*p && (*p++ == *q++))
+    i++;
+  return i;
+}
+int pstrcmp(const void *p,const void * q){
+  return strcmp(*(char* const *)p,*(char* const * )q);
+}
+int main(){
+  using namespace std;
+  char c[80];
+  char* a[80];
+  const char* j="banana";
+  int n =strlen(j);
+  //  cout<<n<<endl;
+  const char* k;
+  int i=0;
+  strcpy(c,j);
+  for( i=0;i<=n;i++){
+    //c[i]=*k;
+    a[i]=c+i;
+    //    cout<<a<<"["<<i<<"]:"<<a[i]<<endl;
+  }
+  //  c[i]=0;
+  qsort(a,n,sizeof(char*),pstrcmp);
+  int maxlen=0;
+  int maxi=0;
+  for(int i=0;i<n;i++){
+    if(comlen(a[i],a[i+1])>maxlen){
+      maxlen=comlen(a[i],a[i+1]);
+      maxi=i;
+    }
+  }
+
+  // cout<<maxlen<<a[maxi]<<endl;
+
+  printf("%.*s\n",maxlen,a[maxi]);
+}
diff --git a/priQueue.cc b/priQueue.cc
new file mode 100644
index 0000000..4cb5c06
--- /dev/null
+++ b/priQueue.cc
@@ -0,0 +1,77 @@
+/*
+file name: priqueue.cpp
+purpose:
+	优先级队列：
+	堆通过插入新元素和提取最小元素这两种操作来维护元素集合，每个操作所需的时间都为O(log n)。
+create time: 2012-08-14
+
+modify history:
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <iostream>
+#include <set>
+
+#define DEBUG		0
+using namespace std;
+
+
+template<class T>
+class priqueue {
+private:
+    size_t n;
+    size_t maxsize;
+    T *x;
+public:
+    priqueue (int m){
+        maxsize = m;
+        x = new T[maxsize];
+        n = 0;
+    }
+    void insert (const T& t){
+        int i, p;
+        ++n;
+        assert(n <= maxsize);
+        x[n] = t;
+        for (int i = n; i >= 1 && x[p = i/2] > x[i]; i = p){
+            std::swap(x[p], x[i]);
+        }
+    }
+    T extractmin(){
+        T t = x[0];
+        --n;
+        x[0] = x[n];
+        size_t i = 0;
+        while(true) {
+            size_t left = 2 * i + 1;
+            size_t right = 2 * i + 2;
+            size_t min = i;
+            if (left < n && x[left] < x[min]) {
+                min = left;
+            }
+            if (right < n && x[right] < x[min]) {
+                min = right;
+            }
+            if ((left >= n && right >= n) || (min == i)) {
+                break;
+            }
+            i = min;
+        }
+        return t;
+    }
+};
+
+template<class T>
+void pqsort (T v[], int n) {
+    priqueue<T> pq(n);
+    int i;
+
+    for (size_t i = 0; i < n; i++) {
+        pq.insert(v[i]);
+    }
+    for (size_t i = 0; i < n; i++) {
+        v[i] = pq.extractmin();
+    }
+}
diff --git a/readme.txt b/readme.txt
new file mode 100644
index 0000000..e03000b
--- /dev/null
+++ b/readme.txt
@@ -0,0 +1,74 @@
+Programming Pearls 
+
+Table of Contents
+
+********
+PART I: PRELIMINARIES(基础) 
+
+Column 1: Cracking The Oyster（开篇） 
+A Friendly Conversation · Precise Problem Statement · Program Design · Implementation Sketch · Principles · Problems · Further Reading 
+
+Column 2: Aha! Algorithms [Sketch]（啊哈！算法）
+Three Problems · Ubiquitous Binary Search · The Power of Primitives · Getting It Together: Sorting · Principles · Problems · Further Reading · Implementing an Anagram Program 
+
+Column 3: Data Structures Programs（数据结构决定算法）
+A Survey Program · Form-Letter Programming · An Array of Examples · Structuring Data · Powerful Tools for Specialized Data · Principles · Problems · Further Reading 
+
+Column 4: Writing Correct Programs [Sketch]（编写正确的程序）
+The Challenge of Binary Search · Writing the Program · Understanding the Program · Principles · The Roles of Program Verification · Problems · Further Reading 
+
+Column 5: A Small Matter of Programming [Sketch]（编程小事）
+From Pseudocode to C · A Test Harness · The Art of Assertion · Automated Testing · Timing · The Complete Program · Principles · Problems · Further Reading · Debugging 
+
+********
+PART II: PERFORMANCE（性能）
+
+Column 6: Perspective on Performance（程序性能分析）
+A Case Study · Design Levels · Principles · Problems · Further Reading 
+
+Column 7: The Back of the Envelope（粗略估算） 
+Basic Skills · Performance Estimates · Safety Factors · Little's Law · Principles · Problems · Further Reading · Quick Calculations in Everyday Life 
+
+Column 8: Algorithm Design Techniques [Sketch]（算法设计技术） 
+The Problem and a Simple Algorithm · Two Quadratic Algorithms · A Divide-and-Conquer Algorithm · A Scanning Algorithm · What Does It Matter? · Principles · Problems · Further Reading 
+
+Column 9: Code Tuning（代码调优） 
+A Typical Story · A First Aid Sampler · Major Surgery -- Binary Search · Principles · Problems · Further Reading 
+
+Column 10: Squeezing Space（节省空间） 
+The Key -- Simplicity · An Illustrative Problem · Techniques for Data Space · Techniques for Code Space · Principles · Problems · Further Reading · A Big Squeeze 
+
+********
+PART III: THE PRODUCT（应用） 
+
+Column 11: Sorting（排序） 
+Insertion Sort · A Simple Quicksort · Better Quicksorts · Principles · Problems · Further Reading 
+
+Column 12: A Sample Problem（取样问题）
+The Problem · One Solution · The Design Space · Principles · Problems · Further Reading 
+
+Column 13: Searching（搜索） 
+The Interface · Linear Structures · Binary Search Trees · Structures for Integers · Principles · Problems · Further Reading · A Real Searching Problem 
+
+Column 14: Heaps [Sketch]（堆） 
+The Data Structure · Two Critical Functions · Priority Queues · A Sorting Algorithm · Principles · Problems · Further Reading 
+
+Column 15: Strings of Pearls（字符串） 
+Words · Phrases · Generating Text · Principles · Problems · Further Reading 
+
+********
+Epilog to the First Edition 
+Epilog to the Second Edition 
+Appendix 1: A Catalog of Algorithms 
+Appendix 2: An Estimation Quiz 
+Appendix 3: Cost Models for Time and Space 
+Appendix 4: Rules for Code Tuning 
+
+Appendix 5: C++ Classes for Searching 
+
+Hints for Selected Problems 
+
+Solutions for Selected Problems 
+For Column 1   For Column 5   For Column 7   For Column 15 
+
+Index 
diff --git a/rotate.cpp b/rotate.cpp
new file mode 100644
index 0000000..7ad2d8c
--- /dev/null
+++ b/rotate.cpp
@@ -0,0 +1,50 @@
+#include<iostream>
+#include<vector>
+using namespace std;
+
+int gcd(int a, int b){
+    if (a < b) {
+        return gcd(b, a);
+    } else if(b==0) {
+        return a;
+    else
+        return gcd(b,a%b);
+}
+
+void rotate(vector<int>& vec, int i , int n){
+    reverse(vec.begin(), vec.begin() + i);
+    reverse(vec.begin() + i, vec.begin() + n );
+    reverse(vec.begin(), vec.begin() + n);
+}
+
+void leftRotate(vector<int>& vec, int d){
+  for(int i=0; i< gcd(d,vec.size());++i){
+    int temp = vec[i];
+    int j=i;
+    while(true){
+      int k = j+d;
+      if(k >= vec.size()){
+        k -= vec.size()
+      }
+      if(k==i) break;
+      vec[j] = vec[k];
+      j=k;
+    }
+    vec[j]=temp;
+  }
+}
+int main(){
+  for(int i=0;i<0;++i){
+    vec.push_back(i+1);
+  }
+  printVector(vec);
+  for(int i=0;i<2;++i){
+    int temp = vec[0];
+    vec.erase(vec.begin());
+    vec.push_back(temp);
+  }
+  printVector(vec);
+  leftRotate(vec,6);
+  printVector(vec);
+  return 0;
+}
diff --git a/ternaryPriQueue.cc b/ternaryPriQueue.cc
new file mode 100644
index 0000000..ce1ca71
--- /dev/null
+++ b/ternaryPriQueue.cc
@@ -0,0 +1,95 @@
+/*
+file name: priqueue_ternary.cpp
+purpose:
+	书中的“优先级队列”是基于“完全二叉树”，请基于“完全三叉树”来实现“优先级队列”。
+creator: guangwei jiang
+create time: 2012-08-14
+
+modify history:
+*/
+
+#include <stdio.h>
+#include <stdlib.h>
+#include <time.h>
+#include <iostream>
+#include <set>
+
+
+using namespace std;
+
+// notes: bigrand should at least 64bits
+unsigned long long bigrand()
+{
+	return RAND_MAX*rand() + rand();
+}
+
+template<class T>
+class priqueue_ternary {
+private:
+	int n, maxsize;
+	T *x;
+public:
+	priqueue_ternary (int m)
+	{
+		maxsize = m;
+		x = new T[maxsize+1];
+		n = 0;
+	}
+	void insert (T t)
+	{
+		int i, p;
+		x[++n] = t;
+		for (i = n; i > 1 && x[p=(i+1)/3] > x[i]; i = p)
+		{
+			swap(p, i);
+		}
+	}
+	T extractmin() {
+
+		// 1st step, get the min value x[1];
+		T t = x[0];
+                --n;
+		// 2nd step, assign another value(x[n]) to x[1], and n descrease 1;
+		x[0] = x[n];
+		// 3rd step, re-sort the heap
+                int i = 0;
+                while(true) {
+                    int left = 3*i+1;
+                    int mid = 3*i+2;
+                    int right = 3*i+3;
+                    int min = i;
+                    if (left < n && x[left] < x[min]) {
+                        min = left;
+                    }
+                    if (mid < n && x[mid] < x[min]) {
+                        min = mid;
+                    }
+                    if (right < n && x[right] < x[min]) {
+                        min = right;
+                    }
+                    if ( min == i || (left >= n && right >= n && mid >= n )) {
+                        break;
+                    }
+                    i = min;
+                }
+		return t;
+	}
+};
+
+template<class T>
+void pqsort (T v[], int n)
+{
+	priqueue_ternary<T> pq(n);
+	int i;
+
+	for (i = 0; i < n; i++)
+	{
+		pq.insert(v[i]);
+	}
+	for (i = 0; i < n; i++)
+	{
+		v[i] = pq.extractmin();
+	}
+}
+
+
diff --git a/textClassication/Makefile b/textClassication/Makefile
new file mode 100644
index 0000000..279c33a
--- /dev/null
+++ b/textClassication/Makefile
@@ -0,0 +1,14 @@
+.PHONY:run all
+PROGRAM=processing sample words
+CPPFLAGS=-std=c++11
+all:$(PROGRAM)
+sample:sample.cpp
+	g++ -o $@ -losp $<
+processing:processing.cpp
+	g++ -o $@ -lboost_regex $(CPPFLAGS) $<
+replace:replace.cpp
+	g++ -o $@ -lboost_regex $(CPPFLAGS) $<
+run:
+	./processing
+clean:
+	-rm  -f $(PROGRAM)
diff --git a/textClassication/containerTools.hpp b/textClassication/containerTools.hpp
new file mode 100644
index 0000000..dfd8bf3
--- /dev/null
+++ b/textClassication/containerTools.hpp
@@ -0,0 +1,33 @@
+#include<vector>
+template<typename T>
+int __index(const std::vector<T>& _sortedWords,const T& str){
+    typename std::vector<T>::const_iterator it=
+        lower_bound(_sortedWords.begin(),
+                    _sortedWords.end(),str);
+    return it-_sortedWords.begin();
+}
+
+template<typename T,typename K>
+double innerProduct(const std::map<K,T>& x,const std::map<K,T>& y){
+    double sum =0.0;
+    typename std::map<K,T>::const_iterator it;
+    for(const auto& point:x){
+        it =y.find(point.first);
+        if(it!=y.end()){
+            sum +=x.at(point.first) * y.at(point.first);
+        }
+    }
+    return sum;
+}
+template<typename T,typename K>
+double norm(const std::map<K,T>& x){
+    double sum=0.0;
+    for(const auto& point:x){
+        sum += point.second*point.second;
+    }
+    return sum;
+}
+template<typename T,typename K>
+double cosineDistance(const std::map<K,T>& x,const std::map<K,T>& y){
+    return innerProduct(x,y)/sqrt(norm(x)*norm(y));
+}
diff --git a/textClassication/extractor.cpp b/textClassication/extractor.cpp
new file mode 100644
index 0000000..fe1c701
--- /dev/null
+++ b/textClassication/extractor.cpp
@@ -0,0 +1,41 @@
+#include<unistd.h>
+void processFile(int,)
+int main(int argc, char* argv[]){
+    if(argv >=3){
+	int inputFd = open(argv[1],O_RDONLY);
+	if(inputFd >=0){
+	    struct stat fileStat;
+	    if(fstat(inputFd,&fileStat)==0){
+		int articleCount =0;
+		int articleIndexOffset = strtol(argv[3],NULL,0);
+		processFile(inputFd,&fileStat);
+	    }
+	}
+    }
+    printf("something wrong!");
+}
+void processFile(int inputFd,struct stat* const fileStat){
+    char* fullData =0;
+    readFullData(inputFd,&fullData);
+    
+    matcher* startMarker, *endMarker;
+    build_matcher("<BODY>",startMarker);
+    build_matcher("</BODY>",endMarker);
+    int lastArticleEndPos =0;
+    Articlematch lastArticleMatch=0;
+    while(true){
+	lastArticleMath
+    }
+
+    do{
+	char* offsetData = fullData + lastArticleEndPos;
+	lastArticleMatch = getMatch(offsetData,*startMarker,*endMarker);
+	if(lastArticleMatch ==0){
+	    saveArticle(lastArticleMatch,offsetData,
+			articleCount+ articleIndexOffset);
+	    articleCount++;
+	    lastArticleEndPos= lastArticleEndPos + lastArticleMatch->end;
+	    delete lastArticleMatch;
+	}
+    }
+}
diff --git a/textClassication/kMeans.cpp b/textClassication/kMeans.cpp
new file mode 100644
index 0000000..867ff44
--- /dev/null
+++ b/textClassication/kMeans.cpp
@@ -0,0 +1,43 @@
+typedef std::map<string,double> Point;
+map<Point,set<Point> > KMeans(const Corpus& cor,const int& k=8){
+    map<Point,set<Point> > clusters;
+    vector<Article> articles= cor.getArticles();
+    vector<Article>::iterator it = articles.begin();
+    while(true){
+        map<string,double> textVector = cor.gettfIdf(*it);
+        if(centers.size() <k){
+            cluster[textVector].insert(textVector);
+            continue;
+        }
+        auto oldCenter=cluster.end();
+        for(auto it1 =clusters.begin();it1!=clusters.end();it1++){
+            if(it1.second.count(texVector)!=0){
+                oldCenter=it1;
+                break;
+            }
+        }
+        double dis;
+        Point newCenter;
+        for(auto it1 =clusters.begin();it1!=clusters.end();it1++){
+            if(dis < cosineDistance(textVector,it1->first))
+                newCenter = it1;
+        }
+        bool hasChange=false;
+        if(oldCenter != newCenter){
+            cluster[newCenter->first].insert(textVector);
+            cluster[oldCenter->first].erase(textVector);
+            hasChange=true;
+        }
+        if(it== articles.end()){
+            if(hasChange){
+                it=articles.begin();
+                continue;
+            }else{
+                break;
+            }
+        }else{
+            ++it;
+        }
+    }
+    return clusters;
+}    
diff --git a/textClassication/knnClassifty.cpp b/textClassication/knnClassifty.cpp
new file mode 100644
index 0000000..8397b9d
--- /dev/null
+++ b/textClassication/knnClassifty.cpp
@@ -0,0 +1,29 @@
+
+#include<string>
+#include<queue>
+typedef std::pair<string,double> Pair;
+struct compPair{
+    bool operator()(const Pair& lhs,const Pair& rhs){
+        return lhs.second > rhs.second;
+    }
+};
+typedef std::priority_queue<Pair,vector<Pair>,compPair> Tops;
+string knnClassifty(const Corpus& cor ,const Article art, int k){
+    Tops tops;
+    for(const auto & a:cor.getArticles()){
+        tops.push(std::pair(a.getTopic,sim(a,art)));
+        if(tops.size()>k) tops.pop();
+    }
+    map<string,int> count;
+    int maxCount=0;
+    string cl="nodefine";
+    for(const auto& topic:tops){
+        string topicStr= topic.first;
+        count[topicStr]++;
+        if(count[topicStr] > maxCount){
+            maxCount=count[topicStr];
+            cl=topicStr;
+        }
+    }
+    return cl;
+}
diff --git a/textClassication/map.cpp b/textClassication/map.cpp
new file mode 100644
index 0000000..8fdffea
--- /dev/null
+++ b/textClassication/map.cpp
@@ -0,0 +1,18 @@
+#include<map>
+#include<string>
+#include<fstream>
+#include<sstream>
+#include<iostream>
+using namespace std;
+int main(){
+    string S="text text fg";
+    istringstream ifs(S);
+    string str;
+    map<string,int> M;
+    while(ifs>>str){
+	M[str]++;
+    }
+    for(auto &x : M){
+	cout<<x.first<<"\t"<<x.second<<endl;
+    }
+}
diff --git a/textClassication/out.hpp b/textClassication/out.hpp
new file mode 100644
index 0000000..c24704d
--- /dev/null
+++ b/textClassication/out.hpp
@@ -0,0 +1,32 @@
+#include<ostream>
+#include<vector>
+#include<iterator>
+#include<string>
+#include<map>
+#include<algorithm>
+template<typename T>
+std::ostream& operator<<(std::ostream& out,const std::vector<T>& vec){
+    std::copy(vec.begin(),vec.end(),std::ostream_iterator<T>(out,"\t"));
+}
+template<typename K,typename T>
+std::ostream& operator<<(std::ostream& out,const std::map<K,T>& m){
+    for(const auto& word : m){
+        out<<word.first<<"\t"<<word.second<<std::endl;
+    }
+}
+std::ostream& operator<<(std::ostream& out,const std::vector<double>& vec){
+    std::copy(vec.begin(),vec.end(),std::ostream_iterator<double>(out,"\t"));
+}
+template<typename T>
+std::vector<T> normalize(const std::vector<T>& vec){
+    std::vector<T> result(vec);
+    return result;
+}
+template<typename T>
+T norm2(const std::vector<T>& v){
+    T sum =0;
+    for(const auto& d :v){
+        sum += d*d;
+    }
+    return sum;
+}
diff --git a/textClassication/processing.cpp b/textClassication/processing.cpp
new file mode 100644
index 0000000..e12d718
--- /dev/null
+++ b/textClassication/processing.cpp
@@ -0,0 +1,440 @@
+#include<stdio.h>
+#include<cstdlib>
+#include<string>
+#include<queue>
+#include<vector>
+#include<fstream>
+#include<algorithm>
+#include<boost/regex.hpp>
+#include<boost/algorithm/string.hpp>
+#include "out.hpp"
+#include "containerTools.hpp"
+using namespace std;
+//////////////for pait<string ,int> ////
+typedef std::pair<string,int> Pair;
+typedef std::pair<string,double> PairDouble;
+bool sortPred(const Pair& a,const Pair& b){
+    return a.second > b.second;
+}
+struct sortPredClass{
+    bool operator()(const Pair&lhs,const Pair&rhs){
+        return (lhs.second < rhs.second);
+    }
+};
+vector<string> top8(const map<string,int>& topics);
+//return the top 8 Frequency pair<sting,int> ;
+////////////////////////////////////tools for string///////////////////////////
+std::string stripLower(const std::string& str="\"&lt;jljd");
+string getText(ifstream& infile);
+///////////////////////////////////////////////////////////////////// 
+
+
+/////////////tools for vector<double>//////////////////////////////////////////
+void operator-=(vector<float>& l,const vector<float>& r){
+    auto lit= l.begin();
+     vector<float>::const_iterator rit= r.begin();
+    while(rit!=r.end() && lit!=l.end()){
+        *lit -=*rit;
+        ++lit;
+        ++rit;
+    }
+}
+template<typename T>
+double distance(const map<string,T>& a,const  map<string,T>& b){
+    map<string,T> c(a);
+    for(const auto w:b){
+        if(c[w.first]==0) c[w.first]= -w.second; 
+        else c[w.first]-=w.second;
+    }
+    double sum =0;
+    for(auto w:c){
+        sum += w.second * w.second;
+    }
+    return sum;
+}
+/////////////tool fot map /////////////////////////////////////////////////
+
+
+//vector<float> normalize(const vector<float>& tf);
+vector<float> Mapsecond(const set<string> &words,
+                         const map<string,float>& fre){
+    vector<float> result;
+    map<string,float>::const_iterator it;
+    for(const auto& word:words){
+        it = fre.find(word);
+        if(it!=fre.end())
+            result.push_back(it->second);
+        else
+            result.push_back(0.0);
+    }
+    return result;
+}
+
+
+
+
+//////////////////////////Article//////////////////////////////////////////////
+class Article{
+private:
+    map<string,int> _M;
+    int _sum;
+    string _topic;
+    string _body;
+public:
+    Article(const string& topic,const string& body):
+        _topic(topic),_body(body){
+        _getFrequency();
+        _getNormFrequency();
+    }
+    string getTopic() const{
+        return _topic;
+    }
+    map<string,int> getFrequency() const{
+        return _M;
+    }
+private:
+    void _getFrequency(){
+        istringstream ins(_body);
+        string str;
+        while(ins>>str){
+            _M[stripLower(str)]++;
+        }
+    }
+    set<string> _getWords(){
+        set<string> words;
+        string word;
+        istringstream ins(_body);
+        while(ins>>word)
+            words.insert(word);
+        return words;
+    }
+    // not using!!
+    void _getNormFrequency(){
+        int sum =0;
+        for(const auto& it: _M){
+            sum += it.second;
+        }
+        _sum =sum;
+    }
+
+};
+
+////////////////////////////////Corpus class //////////////////////////////////
+class Corpus{
+private:
+    map<string,int> _M;
+    map<string,float> _IDF;
+    vector<Article> col;
+    set<string> _v;
+    vector<string> _sortedWords;
+    bool _hasSorted ;
+    int _index(const string& str){
+        if(!_hasSorted){
+            for(const auto w : _v)
+                _sortedWords.push_back(w);
+            sort(_sortedWords.begin(),_sortedWords.end());
+        }
+        return __index(_sortedWords,str);
+
+    }
+public:
+    void addWords(const map<string,int>& words){
+        for(const auto& word: words){
+            _M[word.first]++;
+            _v.insert(word.first);
+        }
+
+    }
+    map<int,float>  indexIfIdf(const Article& art){
+        
+        map<string,float> t= tfIdf(art);
+        map<int,float> res;
+        for(const auto w:t){
+            if(w.second)
+                res[_index(w.first)]=w.second;
+        }
+        return res;
+    }
+    map<string,float> tfIdf(const Article& art){
+        if(!_hasIdf)
+            _idf();
+        map<string,int> M=art.getFrequency();
+        map<string,float> tf;
+        for(auto& word:M){
+            tf[word.first] =M[word.first]*_IDF[word.first];
+        }
+
+        return tf;
+    }
+    const vector<Article> _getArticles() const {
+        return col;
+    }
+    
+vector<vector<float> >  getMartix(){
+        
+        if(!_hasIdf)
+            _idf();
+
+        vector<vector<float> > ifidf;        
+        for(const auto& article :col){
+            map<string,float> vec= tfIdf(article);
+            cout<<vec.size()<<endl;
+            // ifidf.push_back(vec);
+        }
+        return ifidf;
+    }
+
+vector<string> getVocabulary(){
+    map<string,int>::iterator vo = _M.begin();
+        vector<string> vs;
+        while(vo!=_M.end()){
+            vs.push_back(vo->first);
+            ++vo;
+        }
+        return vs;
+    }
+Corpus(){
+    _hasSorted=false;}
+    void addArticles(const vector<Article>& arts){
+        for(const auto& art: arts ){
+            addArticle(art);
+        }
+        _hasIdf=false;
+    }
+    Corpus(const vector<Article>& arts){
+        for(const auto& art: arts ){
+            addArticle(art);
+        }
+        _hasIdf=false;
+    }
+    void addArticle(const Article& art ){
+        col.push_back(art);
+        addWords(art.getFrequency());
+        _hasIdf=false;
+    }
+    map<string,int> getTopics() const{
+        return _getTopics();
+    }
+    int getTotalArticleNumber()const {
+        return col.size();
+    }
+    vector<Article> getArticles()const{
+        return col;
+    }
+    
+private:
+    bool _hasIdf;
+    void _idf(){
+        for(const auto& word:_M){
+            _IDF[word.first] = log(getTotalArticleNumber()+1
+                                   /word.second+1);
+            if(_M[word.first]<=0) _IDF[word.first]=0;
+        }
+        _hasIdf=true;
+    }
+    
+    map<string,int> _getTopics() const{
+        map<string,int> M;
+        for(const auto &art: col){
+            M[art.getTopic()]++;
+        }
+        return M;
+    }
+    vector<string> getTopTopics(const int& n=8) const{
+        map<string,int> M =_getTopTopics(n);
+        vector<string> ve;
+        for(const auto &x:M){
+            ve.push_back(x.first);
+        }
+        return ve;
+    }
+    map<string,int> _getTopTopics(const int& n=8) const {
+    
+        int i=0;
+        map<string,int> _M = getTopics();
+        map<string,int>::iterator it = _M.begin();
+	
+        vector<string> vec;
+        while(i<n && it !=_M.end()){
+            vec.push_back(it->first);
+            i++;
+            it++;
+        }
+        int minIndex=0;
+        while(it!=_M.end()){
+            if(it->second < _M[vec[minIndex]]){
+                vec[minIndex] =it->first;
+                minIndex =0;
+                for(int i=1 ;i<n;i++){
+                    if(_M[vec[i]]< _M[vec[minIndex]]) minIndex = i;
+                }
+            }
+            it++;
+        }
+        map<string,int> m;
+        for(int i=0;i<n;i++){
+            m[vec[i]] = _M[vec[i]];
+        }
+        return m;
+    }
+    
+};
+
+
+
+vector<Article> findArticles(const string& rawtext){
+    boost::regex regdoc("<REUTERS.*?>(.*?)</REUTERS>",
+                        boost::regbase::icase|boost::regbase::mod_s);
+    boost::smatch mDoc;
+
+    boost::regex regtopic("<TOPICS><D>(.*?)</D>.*?</TOPICS>",
+                          boost::regbase::icase|boost::regbase::mod_s);
+    boost::smatch mTopic;
+
+    boost::regex regcontent("<BODY>(.*?)Reuter&#3;</BODY>"
+                            ,boost::regbase::icase|boost::regbase::mod_s);
+    boost::smatch mContent;
+
+    string::const_iterator it = rawtext.begin();
+    vector<Article> articleCollection;
+    while(boost::regex_search(it,rawtext.end(),mDoc,regdoc)){
+        string doc = mDoc[0];
+        string topic,content;
+        if(boost::regex_search(doc,mTopic,regtopic)){
+            topic=mTopic[1];
+        }
+        if(boost::regex_search(doc,mContent,regcontent)){
+            content=mContent[1];
+        }
+        it = mDoc[0].second;
+        if(!topic.empty() && !content.empty()){
+            articleCollection.push_back(Article(topic,content));
+        }
+    }
+    return articleCollection;
+}
+/////////////////////////////////////////////////////////
+
+
+Corpus topCorpus(const Corpus& cor){
+    map<string,int> topALL = cor.getTopics();
+
+    vector<string> tops = top8(topALL); ;
+
+    Corpus corpus;
+    for(const auto& art: cor.getArticles()){
+        string top = art.getTopic();
+	
+        vector<string>::iterator it = find(tops.begin(),tops.end(),top);
+        if(it!=tops.end()) corpus.addArticle(art);
+    }
+    return corpus;
+}
+//////////////////////////////////////////////
+
+int main(){
+    string file("reuters21578/reut2-0");
+    Corpus corpus;
+    for(int i=0;i<2;i++){
+        ostringstream convert;
+        convert<<file;
+        if(i<10)convert<<"0";
+        convert<<i;
+        convert<<".sgm";
+        ifstream infile(convert.str(),ifstream::in);
+        if(!infile){
+            cout<<"can't open"<<convert.str()<<endl;
+        }
+        string rawtext = getText(infile) ;
+        vector<Article> articles = findArticles(rawtext);
+        corpus.addArticles(articles);
+
+    }
+
+    map<string,int> topics =corpus.getTopics();
+    Corpus topCor = topCorpus(corpus);
+    cout<<"ok1\n";
+    //vector<vector<float> > mat= topCor.getMartix();
+
+
+    for(auto current: topCor.getArticles()){
+        //        if(rand()%2) const Article next(current);
+        //cout<<topCor.tfIdf(current);
+        cout<<distance(topCor.tfIdf(current),topCor.tfIdf(current))<<endl;;
+        
+    }
+    cout<<"ok2\n";
+
+    cout<<"ok3\n";
+}
+////////////////////////////////////////////////////////////
+vector<string> top8(const map<string,int>& topics){    
+    Pair tops[9];
+    map<string,int>::const_iterator it = topics.begin();
+    for(int i=0;i<8;i++){
+        tops[i]=Pair(*it);
+        if(it == topics.end()) break;
+        it++;
+    }
+    make_heap(tops,tops+8,sortPred);
+    while(it !=topics.end()){
+        tops[8]=Pair(*it);
+        push_heap(tops,tops+9,sortPred);
+        pop_heap(tops,tops+9,sortPred);
+        it++;
+    }
+    sort_heap(tops,tops+8,sortPred);
+    vector<string> M;
+    for(int i=0;i<8;i++){
+        M.push_back(tops[i].first);
+    }
+    return M;
+    
+}
+string stripLower(const string& str){
+    string newtext = "";
+    boost::regex re("\\\"|&lt;|$|&#127;|&amp;|[[:punct:]]|[[:digit:]]");
+    std::string result = boost::regex_replace(str, re, newtext);
+    //    transform(result.begin(),result.end(),result.begin(),::tolower);
+    boost::algorithm::to_lower(result);
+    return result;
+}
+string getText(ifstream& infile){
+    string line;
+    ostringstream rawtext;
+    while(getline(infile,line)){
+        rawtext<<line;
+        //rawtext<<"\n";
+    }
+    return rawtext.str() ;
+}
+double _addToMap(double total,const map<string,double>::value_type& data){
+    return total+ data.second;
+}
+vector<double> normalize(const vector<double> & _tf){
+    vector<double> tf(_tf);
+    double sum = accumulate(tf.begin(),tf.end(),0 );
+    for(auto& d:tf){
+        d /=sum;
+    }
+}
+void _normalize(map<string,double>& tf){
+    double sum = accumulate(tf.begin(),tf.end(),0 ,_addToMap);
+    for(auto& d:tf){
+        d.second/=sum;
+    }
+}
+void normalize(map<string,double>& tf){
+    _normalize(tf);
+}
+
+map<string,double> normalizeC(const  map<string,int>& tf){
+    map<string,double> res;
+    for(const auto& l:tf){
+        res[l.first] = l.second;
+    }
+    _normalize(res);
+    return res;
+}
+
+
diff --git a/textClassication/replace.cpp b/textClassication/replace.cpp
new file mode 100644
index 0000000..8147b6f
--- /dev/null
+++ b/textClassication/replace.cpp
@@ -0,0 +1,21 @@
+#include<string>
+#include<iostream>
+#include<sstream>
+#include<boost/regex.hpp>
+bool validateCardFormat(const string& s){
+    const boost::regex e("(\\d{4}[- ]){3}\\d{4}");
+    return regex_match(s,e);
+}
+int main(){
+    using namespace std;
+
+    //    istringstream ins(str);
+    ostringstream os;
+    //boost::regex old("\\\"");
+    //const char* newS=" ";
+    //boost::regex_replace(os,str.begin(),str.end(),old,newS,
+    //			 boost::match_default);
+    
+
+	
+}
diff --git a/textClassication/reuters21578/Makefile b/textClassication/reuters21578/Makefile
new file mode 100644
index 0000000..8b13789
--- /dev/null
+++ b/textClassication/reuters21578/Makefile
@@ -0,0 +1 @@
+
diff --git a/textClassication/reuters21578/lewis.dtd b/textClassication/reuters21578/lewis.dtd
new file mode 100644
index 0000000..c56624d
--- /dev/null
+++ b/textClassication/reuters21578/lewis.dtd
@@ -0,0 +1,60 @@
+<!-- 23-Jan-97 This is v1.1 of lewis.dtd, a corrected version by Chris Brew  -->
+<!ELEMENT LEWIS O O (REUTERS+)>
+<!ELEMENT REUTERS - - (DATE,(UNKNOWN|MKNOTE)*,TOPICS,PLACES,PEOPLE,ORGS,EXCHANGES,COMPANIES,UNKNOWN?,TEXT)>
+<!ELEMENT HEAD - - (#PCDATA)>
+<!ELEMENT DATE - - (#PCDATA)>
+<!ELEMENT TOPICS - - (D|#PCDATA)*>
+<!ELEMENT PLACES - - (D|#PCDATA)*>
+<!ELEMENT PEOPLE - - (D|#PCDATA)*>
+<!ELEMENT ORGS - - (D|#PCDATA)*>
+<!ELEMENT EXCHANGES - - (D|#PCDATA)*>
+<!ELEMENT COMPANIES - - (D|#PCDATA)*>
+<!ELEMENT TEXT - - (TITLE|BODY|AUTHOR|DATELINE|#PCDATA)+>
+<!ELEMENT TITLE - - ANY>
+<!ELEMENT BODY - - ANY>
+<!ELEMENT DATELINE - - (#PCDATA)>
+<!ELEMENT AUTHOR - - (#PCDATA)>
+<!ELEMENT D - - (#PCDATA)>
+<!ELEMENT UNKNOWN - - (#PCDATA)>
+<!ELEMENT MKNOTE - - (#PCDATA)>
+
+<!ATTLIST REUTERS
+			OLDID CDATA #REQUIRED
+			NEWID CDATA #REQUIRED
+			CSECS CDATA #IMPLIED
+			N CDATA "--"
+			SET CDATA "XXX"
+			CGISPLIT CDATA #REQUIRED
+			LEWISSPLIT CDATA #REQUIRED
+			TOPICS (YES|NO|BYPASS) YES>
+
+<!ATTLIST TOPICS
+		TYPE CDATA "DSET">
+<!ATTLIST PLACES
+		TYPE CDATA "DSET">
+<!ATTLIST PEOPLE
+		TYPE CDATA "DSET">
+<!ATTLIST EXCHANGES
+		TYPE CDATA "DSET">
+<!ATTLIST ORGS
+		TYPE CDATA "DSET">
+<!ATTLIST COMPANIES
+		TYPE CDATA "DSET">
+
+<!ATTLIST TEXT 
+		TYPE (NORM|BLAH|UNKNOWN|UNPROC|BRIEF) NORM>
+
+
+<!ENTITY lt CDATA "&#38;lt;">
+<!ENTITY amp CDATA "&amp;">
+
+
+
+<!-- The following definitions are for downline larkup tokenisation -->
+
+<!ELEMENT W - - (#PCDATA)>
+<!ATTLIST W 
+		C CDATA "W"
+		N CDATA #IMPLIED>
+
+
diff --git a/textClassication/reuters21578/reut2-000.sgm b/textClassication/reuters21578/reut2-000.sgm
new file mode 100644
index 0000000..9ad5bf5
--- /dev/null
+++ b/textClassication/reuters21578/reut2-000.sgm
@@ -0,0 +1,32721 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5544" NEWID="1">
+<DATE>26-FEB-1987 15:01:01.79</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>el-salvador</D><D>usa</D><D>uruguay</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0704&#31;reute
+u f BC-BAHIA-COCOA-REVIEW   02-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAHIA COCOA REVIEW</TITLE>
+<DATELINE>    SALVADOR, Feb 26 - </DATELINE><BODY>Showers continued throughout the week in
+the Bahia cocoa zone, alleviating the drought since early
+January and improving prospects for the coming temporao,
+although normal humidity levels have not been restored,
+Comissaria Smith said in its weekly review.
+    The dry period means the temporao will be late this year.
+    Arrivals for the week ended February 22 were 155,221 bags
+of 60 kilos making a cumulative total for the season of 5.93
+mln against 5.81 at the same stage last year. Again it seems
+that cocoa delivered earlier on consignment was included in the
+arrivals figures.
+    Comissaria Smith said there is still some doubt as to how
+much old crop cocoa is still available as harvesting has
+practically come to an end. With total Bahia crop estimates
+around 6.4 mln bags and sales standing at almost 6.2 mln there
+are a few hundred thousand bags still in the hands of farmers,
+middlemen, exporters and processors.
+    There are doubts as to how much of this cocoa would be fit
+for export as shippers are now experiencing dificulties in
+obtaining +Bahia superior+ certificates.
+    In view of the lower quality over recent weeks farmers have
+sold a good part of their cocoa held on consignment.
+    Comissaria Smith said spot bean prices rose to 340 to 350
+cruzados per arroba of 15 kilos.
+    Bean shippers were reluctant to offer nearby shipment and
+only limited sales were booked for March shipment at 1,750 to
+1,780 dlrs per tonne to ports to be named.
+    New crop sales were also light and all to open ports with
+June/July going at 1,850 and 1,880 dlrs and at 35 and 45 dlrs
+under New York july, Aug/Sept at 1,870, 1,875 and 1,880 dlrs
+per tonne FOB.
+    Routine sales of butter were made. March/April sold at
+4,340, 4,345 and 4,350 dlrs.
+    April/May butter went at 2.27 times New York May, June/July
+at 4,400 and 4,415 dlrs, Aug/Sept at 4,351 to 4,450 dlrs and at
+2.27 and 2.28 times New York Sept and Oct/Dec at 4,480 dlrs and
+2.27 times New York Dec, Comissaria Smith said.
+    Destinations were the U.S., Covertible currency areas,
+Uruguay and open ports.
+    Cake sales were registered at 785 to 995 dlrs for
+March/April, 785 dlrs for May, 753 dlrs for Aug and 0.39 times
+New York Dec for Oct/Dec.
+    Buyers were the U.S., Argentina, Uruguay and convertible
+currency areas.
+    Liquor sales were limited with March/April selling at 2,325
+and 2,380 dlrs, June/July at 2,375 dlrs and at 1.25 times New
+York July, Aug/Sept at 2,400 dlrs and at 1.25 times New York
+Sept and Oct/Dec at 1.25 times New York Dec, Comissaria Smith
+said.
+    Total Bahia sales are currently estimated at 6.13 mln bags
+against the 1986/87 crop and 1.06 mln bags against the 1987/88
+crop.
+    Final figures for the period to February 28 are expected to
+be published by the Brazilian Cocoa Trade Commission after
+carnival which ends midday on February 27.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5545" NEWID="2">
+<DATE>26-FEB-1987 15:02:20.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0708&#31;reute
+d f BC-STANDARD-OIL-&lt;SRD>-TO   02-26 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD OIL &lt;SRD> TO FORM FINANCIAL UNIT</TITLE>
+<DATELINE>    CLEVELAND, Feb 26 - </DATELINE><BODY>Standard Oil Co and BP North America
+Inc said they plan to form a venture to manage the money market
+borrowing and investment activities of both companies.
+    BP North America is a subsidiary of British Petroleum Co
+Plc &lt;BP>, which also owns a 55 pct interest in Standard Oil.
+    The venture will be called BP/Standard Financial Trading
+and will be operated by Standard Oil under the oversight of a
+joint management committee.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5546" NEWID="3">
+<DATE>26-FEB-1987 15:03:27.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0714&#31;reute
+d f BC-TEXAS-COMMERCE-BANCSH   02-26 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS COMMERCE BANCSHARES &lt;TCB> FILES PLAN</TITLE>
+<DATELINE>    HOUSTON, Feb 26 - </DATELINE><BODY>Texas Commerce Bancshares Inc's Texas
+Commerce Bank-Houston said it filed an application with the
+Comptroller of the Currency in an effort to create the largest
+banking network in Harris County.
+    The bank said the network would link 31 banks having
+13.5 billion dlrs in assets and 7.5 billion dlrs in deposits.
+       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5547" NEWID="4">
+<DATE>26-FEB-1987 15:07:13.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0725&#31;reute
+u f BC-TALKING-POINT/BANKAME   02-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/BANKAMERICA &lt;BAC> EQUITY OFFER</TITLE>
+<AUTHOR>    by Janie Gabbett, Reuters</AUTHOR>
+<DATELINE>    LOS ANGELES, Feb 26 - </DATELINE><BODY>BankAmerica Corp is not under
+pressure to act quickly on its proposed equity offering and
+would do well to delay it because of the stock's recent poor
+performance, banking analysts said.
+    Some analysts said they have recommended BankAmerica delay
+its up to one-billion-dlr equity offering, which has yet to be
+approved by the Securities and Exchange Commission.
+    BankAmerica stock fell this week, along with other banking
+issues, on the news that Brazil has suspended interest payments
+on a large portion of its foreign debt.
+    The stock traded around 12, down 1/8, this afternoon,
+after falling to 11-1/2 earlier this week on the news.
+    Banking analysts said that with the immediate threat of the
+First Interstate Bancorp &lt;I> takeover bid gone, BankAmerica is
+under no pressure to sell the securities into a market that
+will be nervous on bank stocks in the near term.
+    BankAmerica filed the offer on January 26. It was seen as
+one of the major factors leading the First Interstate
+withdrawing its takeover bid on February 9.
+    A BankAmerica spokesman said SEC approval is taking longer
+than expected and market conditions must now be re-evaluated.
+    "The circumstances at the time will determine what we do,"
+said Arthur Miller, BankAmerica's Vice President for Financial
+Communications, when asked if BankAmerica would proceed with
+the offer immediately after it receives SEC approval.
+    "I'd put it off as long as they conceivably could," said
+Lawrence Cohn, analyst with Merrill Lynch, Pierce, Fenner and
+Smith.
+    Cohn said the longer BankAmerica waits, the longer they
+have to show the market an improved financial outlook.
+    Although BankAmerica has yet to specify the types of
+equities it would offer, most analysts believed a convertible
+preferred stock would encompass at least part of it.
+    Such an offering at a depressed stock price would mean a
+lower conversion price and more dilution to BankAmerica stock
+holders, noted Daniel Williams, analyst with Sutro Group.
+    Several analysts said that while they believe the Brazilian
+debt problem will continue to hang over the banking industry
+through the quarter, the initial shock reaction is likely to
+ease over the coming weeks.
+    Nevertheless, BankAmerica, which holds about 2.70 billion
+dlrs in Brazilian loans, stands to lose 15-20 mln dlrs if the
+interest rate is reduced on the debt, and as much as 200 mln
+dlrs if Brazil pays no interest for a year, said Joseph
+Arsenio, analyst with Birr, Wilson and Co.
+    He noted, however, that any potential losses would not show
+up in the current quarter.
+    With other major banks standing to lose even more than
+BankAmerica if Brazil fails to service its debt, the analysts
+said they expect the debt will be restructured, similar to way
+Mexico's debt was, minimizing losses to the creditor banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5548" NEWID="5">
+<DATE>26-FEB-1987 15:10:44.60</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>barley</D><D>oat</D><D>sorghum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0738&#31;reute
+u f BC-average-prices   02-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The U.S. Agriculture Department
+reported the farmer-owned reserve national five-day average
+price through February 25 as follows (Dlrs/Bu-Sorghum Cwt) -
+         Natl   Loan           Release   Call
+         Avge   Rate-X  Level    Price  Price
+ Wheat   2.55   2.40       IV     4.65     --
+                            V     4.65     --
+                           VI     4.45     --
+ Corn    1.35   1.92       IV     3.15   3.15
+                            V     3.25     --
+ X - 1986 Rates.
+
+          Natl   Loan          Release   Call
+          Avge   Rate-X  Level   Price  Price
+ Oats     1.24   0.99        V    1.65    -- 
+ Barley   n.a.   1.56       IV    2.55   2.55
+                             V    2.65    -- 
+ Sorghum  2.34   3.25-Y     IV    5.36   5.36
+                             V    5.54    -- 
+    Reserves I, II and III have matured. Level IV reflects
+grain entered after Oct 6, 1981 for feedgrain and after July
+23, 1981 for wheat. Level V wheat/barley after 5/14/82,
+corn/sorghum after 7/1/82. Level VI covers wheat entered after
+January 19, 1984.  X-1986 rates. Y-dlrs per CWT (100 lbs).
+n.a.-not available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5549" NEWID="6">
+<DATE>26-FEB-1987 15:14:36.41</DATE>
+<TOPICS><D>veg-oil</D><D>linseed</D><D>lin-oil</D><D>soy-oil</D><D>sun-oil</D><D>soybean</D><D>oilseed</D><D>corn</D><D>sunseed</D><D>grain</D><D>sorghum</D><D>wheat</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0754&#31;reute
+r f BC-ARGENTINE-1986/87-GRA   02-26 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE 1986/87 GRAIN/OILSEED REGISTRATIONS</TITLE>
+<DATELINE>    BUENOS AIRES, Feb 26 - </DATELINE><BODY>Argentine grain board figures show
+crop registrations of grains, oilseeds and their products to
+February 11, in thousands of tonnes, showing those for futurE
+shipments month, 1986/87 total and 1985/86 total to February
+12, 1986, in brackets:
+    Bread wheat prev 1,655.8, Feb 872.0, March 164.6, total
+2,692.4 (4,161.0).
+    Maize Mar 48.0, total 48.0 (nil).
+    Sorghum nil (nil)
+    Oilseed export registrations were:
+    Sunflowerseed total 15.0 (7.9)
+    Soybean May 20.0, total 20.0 (nil)
+    The board also detailed export registrations for
+subproducts, as follows,
+    SUBPRODUCTS
+    Wheat prev 39.9, Feb 48.7, March 13.2, Apr 10.0, total
+111.8 (82.7) .
+    Linseed prev 34.8, Feb 32.9, Mar 6.8, Apr 6.3, total 80.8
+(87.4).
+    Soybean prev 100.9, Feb 45.1, MAr nil, Apr nil, May 20.0,
+total 166.1 (218.5).
+    Sunflowerseed prev 48.6, Feb 61.5, Mar 25.1, Apr 14.5,
+total 149.8 (145.3).
+    Vegetable oil registrations were :         
+    Sunoil prev 37.4, Feb 107.3, Mar 24.5, Apr 3.2, May nil,
+Jun 10.0, total 182.4 (117.6).                  
+    Linoil prev 15.9, Feb 23.6, Mar 20.4, Apr 2.0, total 61.8,
+(76.1).                         
+    Soybean oil prev 3.7, Feb 21.1, Mar nil, Apr 2.0, May 9.0,
+Jun 13.0, Jul 7.0, total 55.8 (33.7).        REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5550" NEWID="7">
+<DATE>26-FEB-1987 15:14:42.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0755&#31;reute
+d f BC-RED-LION-INNS-FILES-P   02-26 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RED LION INNS FILES PLANS OFFERING</TITLE>
+<DATELINE>    PORTLAND, Ore., Feb 26 - </DATELINE><BODY>Red Lion Inns Limited Partnership
+said it filed a registration statement with the Securities and
+Exchange Commission covering a proposed offering of 4,790,000
+units of limited partnership interests.
+    The company said it expects the offering to be priced at 20
+dlrs per unit.
+    It said proceeds from the offering, along with a 102.5 mln
+dlr mortgage loan, will be used to finance its planned
+acquisition of 10 Red Lion hotels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5551" NEWID="8">
+<DATE>26-FEB-1987 15:15:40.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0758&#31;reute
+u f BC-USX-&lt;X>-DEBT-DOWGRADE   02-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> DEBT DOWGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Moody's Investors Service Inc said it
+lowered the debt and preferred stock ratings of USX Corp and
+its units. About seven billion dlrs of securities is affected.
+    Moody's said Marathon Oil Co's recent establishment of up
+to one billion dlrs in production payment facilities on its
+prolific Yates Field has significant negative implications for
+USX's unsecured creditors.
+    The company appears to have positioned its steel segment
+for a return to profit by late 1987, Moody's added.
+    Ratings lowered include those on USX's senior debt to BA-1
+from BAA-3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5552" NEWID="9">
+<DATE>26-FEB-1987 15:17:11.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0762&#31;reute
+r f BC-CHAMPION-PRODUCTS-&lt;CH   02-26 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAMPION PRODUCTS &lt;CH> APPROVES STOCK SPLIT</TITLE>
+<DATELINE>    ROCHESTER, N.Y., Feb 26 - </DATELINE><BODY>Champion Products Inc said its
+board of directors approved a two-for-one stock split of its
+common shares for shareholders of record as of April 1, 1987.
+    The company also said its board voted to recommend to
+shareholders at the annual meeting April 23 an increase in the
+authorized capital stock from five mln to 25 mln shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5553" NEWID="10">
+<DATE>26-FEB-1987 15:18:06.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0767&#31;reute
+d f BC-COMPUTER-TERMINAL-SYS   02-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER TERMINAL SYSTEMS &lt;CPML> COMPLETES SALE</TITLE>
+<DATELINE>     COMMACK, N.Y., Feb 26 - </DATELINE><BODY>Computer Terminal Systems Inc said
+it has completed the sale of 200,000 shares of its common
+stock, and warrants to acquire an additional one mln shares, to
+&lt;Sedio N.V.> of Lugano, Switzerland for 50,000 dlrs.
+    The company said the warrants are exercisable for five
+years at a purchase price of .125 dlrs per share.
+    Computer Terminal said Sedio also has the right to buy
+additional shares and increase its total holdings up to 40 pct
+of the Computer Terminal's outstanding common stock under
+certain circumstances involving change of control at the
+company.
+    The company said if the conditions occur the warrants would
+be exercisable at a price equal to 75 pct of its common stock's
+market price at the time, not to exceed 1.50 dlrs per share.
+    Computer Terminal also said it sold the technolgy rights to
+its Dot Matrix impact technology, including any future
+improvements, to &lt;Woodco Inc> of Houston, Tex. for 200,000
+dlrs. But, it said it would continue to be the exclusive
+worldwide licensee of the technology for Woodco.
+    The company said the moves were part of its reorganization
+plan and would help pay current operation costs and ensure
+product delivery.
+    Computer Terminal makes computer generated labels, forms,
+tags and ticket printers and terminals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5554" NEWID="11">
+<DATE>26-FEB-1987 15:18:59.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0772&#31;reute
+r f BC-COBANCO-INC-&lt;CBCO>-YE   02-26 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COBANCO INC &lt;CBCO> YEAR NET</TITLE>
+<DATELINE>    SANTA CRUZ, Calif., Feb 26 -
+    </DATELINE><BODY>Shr 34 cts vs 1.19 dlrs
+    Net 807,000 vs 2,858,000
+    Assets 510.2 mln vs 479.7 mln
+    Deposits 472.3 mln vs 440.3 mln
+    Loans 299.2 mln vs 327.2 mln
+    Note: 4th qtr not available. Year includes 1985
+extraordinary gain from tax carry forward of 132,000 dlrs, or
+five cts per shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5555" NEWID="12">
+<DATE>26-FEB-1987 15:19:15.45</DATE>
+<TOPICS><D>earn</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0773&#31;reute
+u f BC-OHIO-MATTRESS-&lt;OMT>-M   02-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OHIO MATTRESS &lt;OMT> MAY HAVE LOWER 1ST QTR NET</TITLE>
+<DATELINE>    CLEVELAND, Feb 26 - </DATELINE><BODY>Ohio Mattress Co said its first
+quarter, ending February 28, profits may be below the 2.4 mln
+dlrs, or 15 cts a share, earned in the first quarter of fiscal
+1986.
+    The company said any decline would be due to expenses
+related to the acquisitions in the middle of the current
+quarter of seven licensees of Sealy Inc, as well as 82 pct of
+the outstanding capital stock of Sealy.
+    Because of these acquisitions, it said, first quarter sales
+will be substantially higher than last year's 67.1 mln dlrs.
+    Noting that it typically reports first quarter results in
+late march, said the report is likely to be issued in early
+April this year.
+    It said the delay is due to administrative considerations,
+including conducting appraisals, in connection with the
+acquisitions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5556" NEWID="13">
+<DATE>26-FEB-1987 15:20:13.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0775&#31;reute
+r f BC-AM-INTERNATIONAL-INC   02-26 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AM INTERNATIONAL INC &lt;AM> 2ND QTR JAN 31</TITLE>
+<DATELINE>    CHICAGO, Feb 26 -
+    </DATELINE><BODY>Oper shr loss two cts vs profit seven cts
+    Oper shr profit 442,000 vs profit 2,986,000
+    Revs 291.8 mln vs 151.1 mln
+    Avg shrs 51.7 mln vs 43.4 mln
+    Six mths
+    Oper shr profit nil vs profit 12 cts
+    Oper net profit 3,376,000 vs profit 5,086,000
+    Revs 569.3 mln vs 298.5 mln
+    Avg shrs 51.6 mln vs 41.1 mln
+    NOTE: Per shr calculated after payment of preferred
+dividends.
+    Results exclude credits of 2,227,000 or four cts and
+4,841,000 or nine cts for 1986 qtr and six mths vs 2,285,000 or
+six cts and 4,104,000 or 11 cts for prior periods from
+operating loss carryforwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5557" NEWID="14">
+<DATE>26-FEB-1987 15:20:27.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0776&#31;reute
+u f BC-BROWN-FORMAN-INC-&lt;BFD   02-26 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN-FORMAN INC &lt;BFD> 4TH QTR NET</TITLE>
+<DATELINE>    LOUISVILLE, Ky., Feb 26 -
+    </DATELINE><BODY>Shr one dlr vs 73 cts
+    Net 12.6 mln vs 15.8 mln
+    Revs 337.3 mln vs 315.2 mln
+    Nine mths
+    Shr 3.07 dlrs vs 3.08 dlrs
+    Net 66 mln vs 66.2 mln
+    Revs 1.59 billion vs 997.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5558" NEWID="15">
+<DATE>26-FEB-1987 15:20:48.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0778&#31;reute
+r f BC-NATIONAL-INTERGROUP&lt;N   02-26 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL INTERGROUP&lt;NII> TO OFFER PERMIAN UNITS</TITLE>
+<DATELINE>    PITTSBURGH, Feb 26 - </DATELINE><BODY>National Intergroup Inc said it plans
+to file a registration statement with the securities and
+exchange commission for an offering of cumulative convertible
+preferred partnership units in Permian Partners L.P.
+    The Permian Partners L.P. was recently formed by National
+Intergroup to continue to business of Permian Corp, acquired by
+the company in 1985.
+    The company said Permian will continue to manage the
+business as a general partner, retaining a 35 pct stake in the
+partnership in the form of common and general partnership
+units.
+    It did not say how many units would be offered or what the
+price would be.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5559" NEWID="16">
+<DATE>26-FEB-1987 15:21:16.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0781&#31;reute
+u f BC--ECONOMIC-SPOTLIGHT--   02-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - BANKAMERICA &lt;BAC></TITLE>
+<AUTHOR>    by Janie Gabbett, Reuters</AUTHOR>
+<DATELINE>    LOS ANGELES, Feb 26 - </DATELINE><BODY>BankAmerica Corp is not under
+pressure to act quickly on its proposed equity offering and
+would do well to delay it because of the stock's recent poor
+performance, banking analysts said.
+    Some analysts said they have recommended BankAmerica delay
+its up to one-billion-dlr equity offering, which has yet to be
+approved by the Securities and Exchange Commission.
+    BankAmerica stock fell this week, along with other banking
+issues, on the news that Brazil has suspended interest payments
+on a large portion of its foreign debt.
+    The stock traded around 12, down 1/8, this afternoon,
+after falling to 11-1/2 earlier this week on the news.
+    Banking analysts said that with the immediate threat of the
+First Interstate Bancorp &lt;I> takeover bid gone, BankAmerica is
+under no pressure to sell the securities into a market that
+will be nervous on bank stocks in the near term.
+    BankAmerica filed the offer on January 26. It was seen as
+one of the major factors leading the First Interstate
+withdrawing its takeover bid on February 9.
+    A BankAmerica spokesman said SEC approval is taking longer
+than expected and market conditions must now be re-evaluated.
+    "The circumstances at the time will determine what we do,"
+said Arthur Miller, BankAmerica's Vice President for Financial
+Communications, when asked if BankAmerica would proceed with
+the offer immediately after it receives SEC approval.
+    "I'd put it off as long as they conceivably could," said
+Lawrence Cohn, analyst with Merrill Lynch, Pierce, Fenner and
+Smith.
+    Cohn said the longer BankAmerica waits, the longer they
+have to show the market an improved financial outlook.
+    Although BankAmerica has yet to specify the types of
+equities it would offer, most analysts believed a convertible
+preferred stock would encompass at least part of it.
+    Such an offering at a depressed stock price would mean a
+lower conversion price and more dilution to BankAmerica stock
+holders, noted Daniel Williams, analyst with Sutro Group.
+    Several analysts said that while they believe the Brazilian
+debt problem will continue to hang over the banking industry
+through the quarter, the initial shock reaction is likely to
+ease over the coming weeks.
+    Nevertheless, BankAmerica, which holds about 2.70 billion
+dlrs in Brazilian loans, stands to lose 15-20 mln dlrs if the
+interest rate is reduced on the debt, and as much as 200 mln
+dlrs if Brazil pays no interest for a year, said Joseph
+Arsenio, analyst with Birr, Wilson and Co.
+    He noted, however, that any potential losses would not show
+up in the current quarter.
+    With other major banks standing to lose even more than
+BankAmerica if Brazil fails to service its debt, the analysts
+said they expect the debt will be restructured, similar to way
+Mexico's debt was, minimizing losses to the creditor banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5560" NEWID="17">
+<DATE>26-FEB-1987 15:24:48.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0789&#31;reute
+d f BC-NATIONAL-HEALTH-ENHAN   02-26 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL HEALTH ENHANCEMENT &lt;NHES> NEW PROGRAM</TITLE>
+<DATELINE>    PHOENIX, Ariz., Feb 26 - </DATELINE><BODY>National Health Enhancement
+Systems Inc said it is offering a new health evaluation system
+to its line of fitness assessment programs.
+    The company said the program, called The Health Test, will
+be available in 60 days.
+    Customers who use the program will receive a
+computer-generated report and recommendations for implementing
+a program to improve their physical condition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5561" NEWID="18">
+<DATE>26-FEB-1987 15:26:26.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0796&#31;reute
+r f BC-DEAN-FOODS-&lt;DF>-SEES   02-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEAN FOODS &lt;DF> SEES STRONG 4TH QTR EARNINGS</TITLE>
+<DATELINE>    CHICAGO, Feb 26 - </DATELINE><BODY>Dean Foods Co expects earnings for the
+fourth quarter ending May 30 to exceed those of the same
+year-ago period, Chairman Kenneth Douglas told analysts.
+    In the fiscal 1986 fourth quarter the food processor
+reported earnings of 40 cts a share.
+    Douglas also said the year's sales should exceed 1.4
+billion dlrs, up from 1.27 billion dlrs the prior year.
+    He repeated an earlier projection that third-quarter
+earnings "will probably be off slightly" from last year's 40
+cts a share, falling in the range of 34 cts to 36 cts a share.
+    Douglas said it was too early to project whether the
+anticipated fourth quarter performance would be "enough for us
+to exceed the prior year's overall earnings" of 1.53 dlrs a
+share.
+    In 1988, Douglas said Dean should experience "a 20 pct
+improvement in our bottom line from effects of the tax reform
+act alone."
+    President Howard Dean said in fiscal 1988 the company will
+derive  benefits of various dairy and frozen vegetable
+acquisitions from Ryan Milk to the Larsen Co.
+    Dean also said the company will benefit from its
+acquisition in late December of Elgin Blenders Inc, West
+Chicago.
+    He said the company is a major shareholder of E.B.I. Foods
+Ltd, a United Kingdom blender, and has licensing arrangements
+in Australia, Canada, Brazil and Japan.
+    "It provides ann entry to McDonalds Corp &lt;MCD> we've been
+after for years," Douglas told analysts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5562" NEWID="19">
+<DATE>26-FEB-1987 15:26:54.12</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>yemen-arab-republic</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0798&#31;reute
+u f BC-/BONUS-WHEAT-FLOUR-FO   02-26 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BONUS WHEAT FLOUR FOR NORTH YEMEN  -- USDA</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The Commodity Credit Corporation, CCC,
+has accepted an export bonus offer to cover the sale of 37,000
+long tons of wheat flour to North Yemen, the U.S. Agriculture
+Department said.
+    The wheat four is for shipment March-May and the bonus
+awarded was 119.05 dlrs per tonnes and will be paid in the form
+of commodities from the CCC inventory.
+    The bonus was awarded to the Pillsbury Company.
+    The wheat flour purchases complete the Export Enhancement
+Program initiative announced in April, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5563" NEWID="20">
+<DATE>26-FEB-1987 15:32:03.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0804&#31;reute
+d f BC-CREDIT-CARD-DISCLOSUR   02-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT CARD DISCLOSURE BILLS INTRODUCED</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Legislation to require disclosure of
+credit card fees and interest rates before the cards are issued
+have been introduced in the Senate and House.
+    Sen. Chris Dodd, D-Conn, a co-sponsor of the bill, said
+many banks and financial institutions do not disclose all the
+information about terms of their cards in promotional material
+sent to prospective customers.
+    "By requiring card issuers to disclose the terms and
+conditions of their cards at the time of solicitation, the
+legislation is intended to arm consumers with enough
+information to shop around for the best deal," Dodd said in a
+statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5564" NEWID="21">
+<DATE>26-FEB-1987 15:33:23.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0809&#31;reute
+d f BC-HUGHES-CAPITAL-UNIT-S   02-26 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES CAPITAL UNIT SIGNS PACT WITH BEAR STEARNS</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., Feb 26 - </DATELINE><BODY>Hughes/Conserdyne Corp, a
+unit of &lt;Hughes Capital Corp> said it made Bear Stearns and Co
+Inc &lt;BSC> its exclusive investment banker to develop and market
+financing for the design and installation of its micro-utility
+systems for municipalities.
+    The company said these systems are self-contained
+electrical generating facilities using alternate power sources,
+such as photovoltaic cells, to replace public utility power
+sources.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5565" NEWID="22">
+<DATE>26-FEB-1987 15:34:07.03</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f0810&#31;reute
+u f BC-magma-copper-price   02-26 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGMA LOWERS COPPER 0.75 CENT TO 66 CTS</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Magma Copper Co, a subsidiary of Newmont
+Mining Corp, said it is cutting its copper cathode price by
+0.75 cent to 66 cents a lb, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5566" NEWID="23">
+<DATE>26-FEB-1987 15:34:16.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0811&#31;reute
+u f BC-BROWN-FORMAN-&lt;BFDB>-S   02-26 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN-FORMAN &lt;BFDB> SETS STOCK SPLIT, UPS PAYOUT</TITLE>
+<DATELINE>    LOUISVILLE, Ky., Feb 26 - </DATELINE><BODY>Brown-Forman Inc said its board
+has approved a three-for-two stock split and a 35 pct increase
+in the company cash dividend.
+    The company cited its improved earnings outlook and
+continued strong cash flow as reasons for raising the dividend.
+    Brown-Forman said the split of its Class A and Class B
+common shares would be effective March 13.
+    The company said directors declared a quarterly cash
+dividend on each new share of both classes of 28 cts, payable
+April one to holders of record March 20. Prior to the split,
+the company had paid 31 cts quarterly.
+    Brown-Forman today reported a 37 pct increase in third 
+quarter profits to 21.6 mln dlrs, or 1.00 dlr a share, on a
+seven pct increase in sales to a record 337 mln dlrs.
+    Brown-Forman said nine month profits declined a bit to 66.0
+mln dlrs, or 3.07 dlrs a share, from 66.2 mln dlrs, or 3.08
+dlrs a share, a year earlier due to a second quarter charge of
+37 cts a share for restructuring its beverage operations.
+    The company said lower corporate tax rates and the
+restructuring "are expected to substantially improve
+Brown-Forman's earnings and cash flow in fiscal 1988."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5567" NEWID="24">
+<DATE>26-FEB-1987 15:35:16.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0814&#31;reute
+h f BC-ESQUIRE-RADIO-AND-ELE   02-26 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESQUIRE RADIO AND ELECTRONICS INC &lt;EE> 4TH QTR</TITLE>
+<DATELINE>    NEW YORK, Feb 26 -
+    </DATELINE><BODY>Shr profit 15 cts vs profit four cts
+    Annual div 72 cts vs 72 cts prior yr
+    Net profit 72,000 vs profit 16,000
+    Revs 7,075,000 vs 2,330,000
+    12 mths
+    Shr profit 42 cts vs loss 11 cts
+    Net profit 203,000 vs loss 55,000
+    Revs 16.1 mln vs 3,971,000
+    NOTE: annual dividend payable April 10, 1987, to
+stockholders of record on March 27, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5568" NEWID="25">
+<DATE>26-FEB-1987 15:35:39.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0815&#31;reute
+h f BC-SHEARSON-LEHMAN-NAMES   02-26 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHEARSON LEHMAN NAMES NEW MANAGING DIRECTOR</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Shearson Lehman Brothers, a unit of
+American Express Co &lt;AXP>, said Robert Stearns has joined the
+company as managing director of its merger and acquisition
+department.
+    Shearson said Stearns formerly was part of Merrill Lynch
+Pierce, Fenner and Smith Inc's &lt;MER> merger and acquisitions
+department.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5569" NEWID="26">
+<DATE>26-FEB-1987 15:36:44.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0817&#31;reute
+b f BC-/BANKERS-REPORT-BREAK   02-26 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS REPORT BREAKTHROUGH ON VENEZUELAN DEBT</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Venezuela and its bank advisory
+committee have agreed in principle on revisions to the terms of
+a 21 billion dlr debt-rescheduling package signed last
+February, bankers said.
+    They declined to disclose details because two or three
+representatives on the panel have still to obtain the approval
+of their senior management for the new terms.
+    The committee was meeting in New York this afternoon and
+could put its final stamp of approval of the deal later today,
+the bankers said.
+    "A number of details have still to be finalized, but the
+broad details of the new amortization schedules and interest
+rates are in place," one senior banker said.
+    The interest rate on the rescheduling was originally set at
+1-1/8 pct over Eurodollar rates, but Venezuela requested easier
+terms because of a 40 pct drop in oil income last year.
+    It also asked for a reduction in the repayments it was due
+to make in 1987, 1988 and 1989 - after an earlier request that
+it make no amortizations at all in those years was rebuffed -
+and sought a commitment from the banks to finance new
+investment in Venezuela.
+    The breakthrough in the Venezuelan talks, which have been
+going on intermittently for several months, follows the
+announcement earlier today of a 10.6 billion dlr debt
+rescheduling pact between Chile and its bank advisory panel.
+    And last night Citibank said Mexico's financing package,
+including a 7.7 billion dlr loan, will be signed on March 20.
+    While the sudden progress is to some extent coincidental,
+bankers acknowledge a desire to chalk up some quick successes
+after the shock of Brazil's unilateral interest suspension last
+Friday. By striking swift deals, banks hope to reduce the
+incentive for other debtors to emulate Brazil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5570" NEWID="27">
+<DATE>26-FEB-1987 15:36:53.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0818&#31;reute
+d f BC-UNITED-PRESIDENTIAL-C   02-26 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED PRESIDENTIAL CORP &lt;UPCO> 4TH QTR NET</TITLE>
+<DATELINE>    KOKOMO, Ind., Feb 26 -
+    </DATELINE><BODY>Shr 39 cts vs 50 cts
+    Net 1,545,160 vs 2,188,933
+    Revs 25.2 mln vs 19.5 mln
+    Year
+    Shr 1.53 dlrs vs 1.21 dlrs
+    Net 6,635,318 vs 5,050,044
+    Revs 92.2 mln vs 77.4 mln
+    NOTE: Results include adjustment of 848,600 dlrs or 20 cts
+shr for 1986 year and both 1985 periods from improvement in
+results of its universal life business than first estimated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5571" NEWID="28">
+<DATE>26-FEB-1987 15:38:26.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0823&#31;reute
+r f AM-REAGAN-IMPACT-(NEWS-A NALYSIS)  02-26 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOWER REPORT DIMINISHES REAGAN'S HOPES OF REBOUND</TITLE>
+<AUTHOR>    By Michael Gelb, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The Tower Commission report, which
+says President Reagan was ignorant about much of the Iran arms
+deal, just about ends his prospects of regaining political
+dominance in Washington, political analysts said.
+    "This is certification of incompetence," private political
+analyst Stephen Hess told Reuters in commenting on the Tower
+report made public today.
+    "It's as if he went before a professional licensing board
+and was denied credentials."
+    In one of the most direct criticisms, board chairman John
+Tower, a longtime Reagan supporter and former Republican
+senator from Texas, told a press conference, "The president
+clearly did not understand the nature of this operation."
+    The report, which lent credence to widespread opinion in
+Washington that Reagan is not in full command of the
+government, was particularly damaging because it was prepared
+by a board of the Republican president's own choosing.
+    The three-member panel made up of Tower, former National
+Security Adviser Brent Scowcroft and former Secretary of State
+Edmund Muskie, does not carry the partisan taint of criticism
+from a Congress controlled by the Democratic party.
+    "We're falling by our own hand," said one Republican
+political strategist. "What can we say except 'we're sorry, we
+won't do it again'?"
+    The strategist, who works for one of his party's top 1988
+presidential contenders and asked not to be identified, said
+the report was like "an anvil falling on us."
+    Hess, with the Brookings Institution public policy study
+group, said the report is the final blow to Reagan's hopes of
+regaining the upper hand he once had in dealings with Congress,
+the press and the Washington bureaucracy.
+    The report may also undermine the standing of Defense
+Secretary Caspar Weinberger and Secretary of State George
+Shultz, who the report suggests were more interested in keeping
+their own skirts clean than supporting the president.
+    "They protected the record as to their own positions on this
+issue. They were not energetic in attempting to protect the
+president from the consequences," it said.
+    White House chief of staff Donald Regan and former Central
+Intelligence Agency Director William Casey also received strong
+criticism, but the blows were expected in their cases.
+    Regan, expected to resign or be fired shortly, was savaged
+for allegedly failing both to help Reagan conduct the Iran
+initiative and to avoid "chaos" in the disclosure process.
+    Casey, who underwent surgery for removal of a cancerous
+brain tumor in December, had already resigned for health
+reasons last month.
+    "This is a story about people who came up somewhat short of
+being heroes," Tower told reporters.
+    While Reagan retains considerable constitutional powers,
+including command of the armed forces and the right to veto
+legislation, analysts say it will be difficult for him to
+retake control of the country's policy agenda -- particularly
+with Congress controlled by the Democrats.
+    The crucial remaining question, they said, is whether the
+man in the street will forsake Reagan over the affair.
+    Although his job approval rating has fallen as much as
+twenty percentage points in some opinion polls since the arms
+deal with Iran became public last November, his personal
+popularity is still relatively high.
+    A Los Angeles Times poll released earlier this week showed
+that just 37 pct of those surveyed thought Reagan was in
+control of the government, but 55 pct still thought he was
+doing a good job as president.
+    American Enterprise Institute analyst William Schneider, a
+Democrat, says Reagan's loss of support among Washington power
+brokers could be offset by continued backing of the public.
+    "In the past, he has been able to go around the power elite
+by appealing directly to the public," Schneider said.
+    Reagan will again plead his case that way in a televised
+address next week.
+    But one top Republican strategist warned against expecting
+a dramatic turnaround.
+    "The White House has to avoid building expectations that
+cannot be met," said the strategist, who requested anonymity.
+"They have to recognize there is no quick fix."
+    Analysts also point out that Reagan's personal popularity
+has not always translated into public backing for his policies.
+    They note he was dramatically rebuffed in last November's
+elections when voters rejected his appeals and restored control
+of the Senate to the Democrats.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5572" NEWID="29">
+<DATE>26-FEB-1987 15:39:41.92</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0827&#31;reute
+r f BC-JANUARY-HOUSING-SALES   02-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JANUARY HOUSING SALES DROP, REALTY GROUP SAYS</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Sales of previously owned homes
+dropped 14.5 pct in January to a seasonally adjusted annual
+rate of 3.47 mln units, the National Association of Realtors
+(NAR) said.
+    But the December rate of 4.06 mln units had been the
+highest since the record 4.15 mln unit sales rate set in
+November 1978, the group said.
+    "The drop in January is not surprising considering that a
+significant portion of December's near-record pace was made up
+of sellers seeking to get favorable capital gains treatment
+under the old tax laws," said the NAR's John Tuccillo.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5573" NEWID="30">
+<DATE>26-FEB-1987 15:41:56.54</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0835&#31;reute
+f f BC-******ASSETS-OF-MONEY   02-26 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ASSETS OF MONEY MARKET MUTUAL FUNDS ROSE 720.4 MLN DLRS IN LATEST WEEK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5574" NEWID="31">
+<DATE>26-FEB-1987 15:43:14.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0840&#31;reute
+b f BC-******U.S.-TAX-WRITER   02-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TAX WRITERS SEEK ESTATE TAX CURBS, RAISING 6.7 BILLION DLRS THRU 1991
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5575" NEWID="32">
+<DATE>26-FEB-1987 15:43:59.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0842&#31;reute
+d f BC-SENATORS-INTRODUCE-EX   02-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATORS INTRODUCE EXPORT LICENSING REFORM BILL</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Sens. Alan Cranston (D-Cal.) and
+Daniel Evans (R-Wash.) said they introduced export licensing
+reform legislation that could save U.S. companies hundreds of
+thousands of dollars annually.
+    "Our emphasis is two-fold: Decontrol and de-license items
+where such actions will not endanger our national security, and
+eliminate the Department of Defense's de facto veto authority
+over the licensing process," Cranston said.
+    "Our reforms should reduce licensing requirements by 65  to
+70 pct," he told reporters. "I am convinced that a more
+rational...licensing process will boost exports."
+    U.S. export controls are intended to deny Eastern bloc
+countries access to technology that could further their
+military capabilities.
+    "By refocusing our control resources on higher levels of
+technology, technology that is truly critical, we will do a
+better job of preventing diversion of critical technology to
+our adversaries while promoting more exports," Cranston said.
+    "We cannot expect to continue to play a leading role in new
+technology development in the future if we unduly restrict the
+activities of U.S. firms in the world market-place," Evans told
+reporters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5576" NEWID="33">
+<DATE>26-FEB-1987 15:44:36.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0845&#31;reute
+r f BC-EXCELAN-INC-SETS-INIT   02-26 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXCELAN INC SETS INITIAL STOCK OFFER</TITLE>
+<DATELINE>    SAN JOSE, Calif., Feb 26 - </DATELINE><BODY>Excelan Inc said it is making an
+initial public offering of 2,129,300 shares of common stock at
+12 dlrs per share.
+    Excelan said 1.6 mln of the shares are being sold by the
+company and 529,300 shares are being sold by stockholders.
+    Excelan designs and manufactures computer-related products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5577" NEWID="34">
+<DATE>26-FEB-1987 15:45:19.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0847&#31;reute
+d f BC-CCX-NETWORK-&lt;CCXN>-SE   02-26 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCX NETWORK &lt;CCXN> SECONDARY OFFERING UNDERWAY</TITLE>
+<DATELINE>    CONWAY, Ark., Feb 26 - </DATELINE><BODY>CCX Network Inc said it was offering
+220,838 shares of stock at 15.75 dlrs a share though
+underwriters Stephens Inc and Cazenove Inc.
+    The company said it was selling the stock on behalf of some
+shareholders, including those who recently received shares
+in the company in exchange for their businesses.
+    The company said  it was receiving no proceeds from the
+offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5578" NEWID="35">
+<DATE>26-FEB-1987 15:45:26.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0848&#31;reute
+r f BC-FIRST-UNION-&lt;FUNC>-FI   02-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION &lt;FUNC> FILES 100 MLN DLR NOTES ISSUE</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>First Union Corp said it has filed with
+the Securities and Exchange Commission for a proposed offering
+of 100 mln dlrs of fixed rate subordinated notes due 1997.
+    The notes will be sold nationwide through underwriters
+managed by Shearson Lehman Brothers Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5579" NEWID="36">
+<DATE>26-FEB-1987 15:45:35.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0849&#31;reute
+r f BC-OWENS-AND-MINOR-INC-&lt;   02-26 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OWENS AND MINOR INC &lt;OBOD> RAISES QTLY DIVIDEND</TITLE>
+<DATELINE>    RICHMOND, Va. Feb 26 -
+    </DATELINE><BODY>Qtly div eights cts vs 7.5 cts prior
+    Pay March 31
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5580" NEWID="37">
+<DATE>26-FEB-1987 15:45:39.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0850&#31;reute
+r f BC-COMPUTER-LANGUAGE-RES   02-26 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER LANGUAGE RESEARCH IN &lt;CLRI> 4TH QTR</TITLE>
+<DATELINE>    CARROLLTON, Texas, Feb 26 -
+    </DATELINE><BODY>Shr loss 22 cts vs loss 18 cts
+    Net loss 3,035,000 vs loss 2,516,000
+    Revs 20.9 mln vs 19.6 mln
+    Qtly div three cts vs three cts prior
+    Year
+    Shr profit two cts vs profit 34 cts
+    Net profit 215,000 vs profit 4,647,000
+    Revs 93.4 mln vs 98.7 mln
+    NOTE: Dividend payable April one to shareholders of record
+March 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5581" NEWID="38">
+<DATE>26-FEB-1987 15:45:47.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0851&#31;reute
+d f BC-&lt;CINRAM-LTD>-4TH-QTR   02-26 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CINRAM LTD> 4TH QTR NET</TITLE>
+<DATELINE>    Scarborough, Ontario, Feb 26 -
+    </DATELINE><BODY>Shr 45 cts vs 58 cts
+    Net 1.1 mln vs 829,000
+    Sales 7.9 mln vs 9.4 mln
+    Avg shrs 2,332,397 vs 1,428,000
+    Year
+    Shr 1.22 dlrs vs 1.06 dlrs
+    Net 2.9 mln vs 1.5 mln
+    Sales 25.7 mln vs 22.2 mln
+    Avg shrs 2,332,397 vs 1,428,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5582" NEWID="39">
+<DATE>26-FEB-1987 15:46:36.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0855&#31;reute
+h f BC-DU-PONT-CO-&lt;DD>-LAUNC   02-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DU PONT CO &lt;DD> LAUNCHES IMPROVED ARAMID FIBERS</TITLE>
+<DATELINE>    WILMINGTON, Del., Feb 26 - </DATELINE><BODY>The Du Pont Co said it has
+devloped a new generation of high-strength aramid fibers which
+is stiffer and less absorbant than previous generations.
+    Du Pont said the new product, Kevlar 149, is up to 40 pct
+stiffer than first generation aramids, and absorbs less than
+half the moister of other similar aramid fibers.
+    Kevlar was invented by Du Pont in the late 1960s and is
+five times stronger than steel and 10 times stronger than
+aluminum on an equal wieght basis, and is used to replace
+metals in a variety of products, according to the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5583" NEWID="40">
+<DATE>26-FEB-1987 15:47:16.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0859&#31;reute
+r f BC-STANDARD-TRUSTCO-SEES   02-26 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD TRUSTCO SEES BETTER YEAR</TITLE>
+<DATELINE>    Toronto, Feb 26 - </DATELINE><BODY>Standard Trustco said it expects earnings
+in 1987 to increase at least 15 to 20 pct from the 9,140,000
+dlrs, or 2.52 dlrs per share, recorded in 1986.
+    "Stable interest rates and a growing economy are expected to
+provide favorable conditions for further growth in 1987,"
+president Brian O'Malley told shareholders at the annual
+meeting.
+    Standard Trustco previously reported assets of 1.28 billion
+dlrs in 1986, up from 1.10 billion dlrs in 1985. Return on
+common shareholders' equity was 18.6 pct last year, up from 15
+pct in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5584" NEWID="41">
+<DATE>26-FEB-1987 15:48:26.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0865&#31;reute
+u f BC-HANDY-AND-HARMAN-&lt;HNH   02-26 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANDY AND HARMAN &lt;HNH> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, Feb 26 -
+    </DATELINE><BODY>Shr loss 51 cts vs loss three cts
+    Net loss 7,041,000 vs loss 467,000
+    Rev 138.9 mln vs 131.4 mln
+    12 months
+    Shr loss 64 cts vs profit 46 cts
+    Net loss 8,843,000 vs profit 6,306,0000
+    Rev 558.9 mln vs 556.7 mln
+    NOTE: Net loss for 4th qtr 1986 includes charge for
+restructuring of 2.6 mln dlrs after tax, or 19 cts a share.
+    1986 net loss includes after tax special charge of 2.7 mln
+dlrs, or 20 cts a share.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5585" NEWID="42">
+<DATE>26-FEB-1987 15:49:27.16</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0871&#31;reute
+b f BC-ICO-PRODUCERS-TO-PRES   02-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO PRODUCERS TO PRESENT NEW COFFEE PROPOSAL</TITLE>
+<DATELINE>    LONDON, Feb 26 - </DATELINE><BODY>International Coffee Organization, ICO,
+producing countries will present a proposal for reintroducing
+export quotas for 12 months from April 1 with a firm
+undertaking to try to negotiate up to September 30 any future
+quota distribution on a new basis, ICO delegates said.
+    Distribution from April 1 would be on an unchanged basis as
+in an earlier producer proposal, which includes shortfall
+redistributions totalling 1.22 mln bags, they said.
+    Resumption of an ICO contact group meeting with consumers,
+scheduled for this evening, has been postponed until tomorrow,
+delegates said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5586" NEWID="43">
+<DATE>26-FEB-1987 15:49:44.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0873&#31;reute
+u f AM-REAGAN-SHULTZ-1STLD   02-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ SAYS NO RESIGNATION OVER IRAN REPORT</TITLE>
+<DATELINE>    ANCHORAGE, Alaska, Feb 26 - </DATELINE><BODY>Secretary of State George
+Shultz acknowledged failings in the Iran arms affair but
+declared he would not resign.
+    His role in the scandal that has scarred the Reagan
+administration attracted harsh criticism from the Tower
+commission in its report on the affair published today.
+    Shultz, travelling to China for a week-long visit, refused
+to comment directly on the report, published after he had left
+Washington. But he repeated -- as he has done since the crisis
+broke last November -- that he was not going to resign.
+    "You can wipe that off your slate," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5587" NEWID="44">
+<DATE>26-FEB-1987 15:49:56.01</DATE>
+<TOPICS><D>acq</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0874&#31;reute
+r f BC-MCLEAN'S-&lt;MII>-U.S.-L   02-26 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCLEAN'S &lt;MII> U.S. LINES SETS ASSET TRANSFER</TITLE>
+<DATELINE>    CRANFORD, N.J., Feb 26 - </DATELINE><BODY>McLean Industries Inc's United
+States Lines Inc subsidiary said it has agreed in principle to
+transfer its South American service by arranging for the
+transfer of certain charters and assets to &lt;Crowley Mariotime
+Corp>'s American Transport Lines Inc subsidiary.
+    U.S. Lines said negotiations on the contract are expected
+to be completed within the next week. Terms and conditions of
+the contract would be subject to approval of various regulatory
+bodies, including the U.S. Bankruptcy Court.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5588" NEWID="45">
+<DATE>26-FEB-1987 15:51:17.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0881&#31;reute
+u f BC-CHEMLAWN-&lt;CHEM>-RISES   02-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMLAWN &lt;CHEM> RISES ON HOPES FOR HIGHER BIDS</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>ChemLawn Corp &lt;CHEM> could attract a
+higher bid than the 27 dlrs per share offered by Waste
+Management Inc &lt;WNX>, Wall Street arbitrageurs said.
+    Shares of ChemLawn shot up 11-5/8 to 29-3/8 in
+over-the-counter- trading with 3.8 mln of the company's 10.1
+mln shares changing hands by late afternoon.
+    "This company could go for 10 times cash flow or 30 dlrs,
+maybe 32 dollars depending on whether there is a competing
+bidder," an arbitrageur said. Waste Management's tender offer,
+announced before the opening today, expires March 25.
+    "This is totally by surprise," said Debra Strohmaier, a
+ChemLawn spokeswoman. The company's board held a regularly
+scheduled meeting today and was discussing the Waste Management
+announcement. She said a statement was expected but it was not
+certain when it would be ready. 
+    She was unable to say if there had been any prior contact
+between Waste Management and ChemLawn officials.
+    "I think they will resist it," said Elliott Schlang,
+analyst at Prescott, Ball and Turben Inc. "Any company that
+doesn't like a surprise attack would."
+    Arbitrageurs pointed out it is difficult to resist tender
+offers for any and all shares for cash. Schlang said ChemLawn
+could try to find a white knight if does not want to be
+acquired by Waste Management.
+    Analyst Rosemarie Morbelli of Ingalls and Snyder said
+ServiceMaster Companies L.P. &lt;SVM> or Rollins Inc &lt;ROL> were
+examples of companies that could be interested.
+    ChemLawn, with about two mln customers, is the largest U.S.
+company involved in application of fertilizers, pesticides and
+herbicides on lawns. Waste Management is involved in removal of
+wastes.
+    Schlang said ChemLawn's customer base could be valuable to
+another company that wants to capitalize on a strong
+residential and commercial distribution system.
+    Both Schlang and Morbelli noted that high growth rates had
+catapulted ChemLawn's share price into the mid-30's in 1983 but
+the stock languished as the rate of growth slowed.
+    Schlang said the company's profits are concentrated in the
+fourth quarter. In 1986 ChemLawn earned 1.19 dlrs per share for
+the full year, and 2.58 dlrs in the fourth quarter.
+    Morbelli noted ChemLawn competes with thousands of
+individual entrepreuers who offer lawn and garden care sevice.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5589" NEWID="46">
+<DATE>26-FEB-1987 15:51:28.42</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0882&#31;reute
+b f BC-sugar-imports   02-26 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUGAR IMPORTS DOWN IN WEEK - USDA</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Sugar imports subject to the U.S.
+sugar import quota during the week ended January 9, the initial
+week of the 1987 sugar quota year, totaled 5,988 short tons
+versus 46,254 tons the previous week, the Agriculture
+Department said.
+    The sugar import quota for the 1987 quota year
+(January-December) has been set at 1,001,430 short tons
+compared with 1,850,000 tons in the 1986 quota year, which was
+extended three months to December 31.
+    The department said the Customs Service has reported that
+weekly and cumulative imports are reported on an actual weight
+basis and when final polarizations are received, cumulative
+import data are adjusted accordingly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5590" NEWID="47">
+<DATE>26-FEB-1987 15:51:51.24</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0884&#31;reute
+d f AM-CRUZADO   02-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL ANTI-INFLATION PLAN LIMPS TO ANNIVERSARY</TITLE>
+<DATELINE>    RIO DE JANEIRO, Feb 26 - Brazil's "Cruzado" anti- </DATELINE><BODY>inflation
+plan, initially hailed at home and abroad as the saviour of the
+economy, is limping towards its first anniversary amid soaring
+prices, widespread shortages and a foreign payments crisis.
+    Announced last February 28 the plan froze prices, fixed the
+value of the new Cruzado currency and ended widespread
+indexation of the economy in a bid to halt the country's 250
+pct inflation rate.
+    But within a year the plan has all but collapsed.
+    "The situation now is worse than it was. Although there was
+inflation, at least the economy worked," a leading bank
+economist said.
+    The crumbling of the plan has been accompanied by a
+dramatic reversal in the foreign trade account. In 1984 and
+1985 Brazil's annual trade surpluses had been sufficient to
+cover the 12 billion dlrs needed to service its 109 billion dlr
+foreign debt.
+    For the first nine months of 1986 all seemed to be on
+target for a repeat, with monthly surpluses averaging one
+billion dlrs. But as exports were diverted and imports
+increased to avoid further domestic shortages the trade surplus
+plunged to 211 mln dlrs in October and since then has averaged
+under 150 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5591" NEWID="48">
+<DATE>26-FEB-1987 15:52:15.10</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0886&#31;reute
+u f BC-N.Z.-OFFICIAL-FOREIGN   02-26 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. OFFICIAL FOREIGN RESERVES FALL IN JANUARY</TITLE>
+<DATELINE>    WELLINGTON, Feb 27 - </DATELINE><BODY>New Zealand's official foreign
+reserves fell to 7.15 billion N.Z. Dlrs in January from 7.20
+billion dlrs in December and compared with 3.03 billion a year
+ago period, the Reserve Bank said in its weekly statistical
+bulletin.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5592" NEWID="49">
+<DATE>26-FEB-1987 15:52:25.60</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>panama</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T M
+&#22;&#22;&#1;f0888&#31;reute
+d f BC-panama-canal-ships   02-26 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AGENCY REPORTS 39 SHIPS WAITING AT PANAMA CANAL</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The Panama Canal Commission, a U.S.
+government agency, said in its daily operations report that
+there was a backlog of 39 ships waiting to enter the canal
+early today. Over the next two days it expects --              
+             2/26  2/27
+                       Due: 27    35
+      Scheduled to Transit: 35    41
+           End-Day Backlog: 31    25
+    Average waiting time tomorrow --
+         Super Tankers  Regular Vessels
+ North End:  13 hrs      15 hrs
+ South End:   4 hrs      26 hrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5593" NEWID="50">
+<DATE>26-FEB-1987 15:52:33.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0889&#31;reute
+d f BC-AMERICA-FIRST-MORTGAG   02-26 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICA FIRST MORTGAGE SETS SPECIAL PAYOUT</TITLE>
+<DATELINE>    OMAHA, Neb., Feb 26 - </DATELINE><BODY>&lt;America First Federally Guaranteed
+Mortgage Fund Two> said it is making a special distribution of
+71.6 cts per exchangeable unit, which includes 67.62 cts from
+return on capital and 3.98 cts from income gains.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5594" NEWID="51">
+<DATE>26-FEB-1987 15:52:57.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0894&#31;reute
+d f BC-REPUBLICANS-EYE-BIGGE   02-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLICANS EYE BIGGER U.S. CONSERVATION RESERVE</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>A group of Republican governors and
+members of Congress said they intended to explore expanding the
+conservation reserve program by up to 20 mln acres.
+    Under current law, between 40 and 45 mln acres of erodible
+land must be enrolled in the program by the end of fiscal 1990.
+    The Republican Task Force on Farm and Rural America, headed
+by Senate Majority Leader Robert Dole (Kan.), said they would
+consider drafting legislation to increase the reserve by
+between 15 and 20 mln acres.
+    Sen. Charles Grassley (R-Iowa) told Reuters he would offer
+a bill to expand the reserve to 67 mln acres.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5595" NEWID="52">
+<DATE>26-FEB-1987 15:53:05.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0895&#31;reute
+h f BC-ARVIN-INDS-&lt;ARV>-PROM   02-26 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARVIN INDS &lt;ARV> PROMOTES EVANS TO PRESIDENT</TITLE>
+<DATELINE>    COLUMBUS, IND., Feb 26 - </DATELINE><BODY>Arvin Industries Inc said L.K.
+Evans has been elected president, succeeding James Baker who
+remains chairman.  Evans had been executive vice president.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5596" NEWID="53">
+<DATE>26-FEB-1987 15:53:54.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0899&#31;reute
+s f BC-EMHART-CORP-&lt;EMH>-QTL   02-26 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMHART CORP &lt;EMH> QTLY DIVIDEND</TITLE>
+<DATELINE>    FARMINGTON, Conn., FEb 26 -
+    </DATELINE><BODY>Qtly div 35 cts vs 35 cts prior
+    Payable March 31
+    Record March nine
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5597" NEWID="54">
+<DATE>26-FEB-1987 15:54:55.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0901&#31;reute
+u f BC-/U.S.-DATA-POINT-TO-C   02-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DATA POINT TO CAPITAL SPENDING SLOWDOWN</TITLE>
+<AUTHOR>    By Kathleen Hays, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>A surprise 7.5 pct drop in U.S. January
+durable goods orders points to a slowdown in capital spending
+that could presage lackluster real growth in the U.S. economy
+in the first quarter of 1987, economists said.
+    With total orders, excluding the volatile defense sector,
+falling a record 9.9 pct, economists agreed that the report
+painted a bleak picture for the U.S. economy.
+    But they stressed that the 1987 tax reform laws may be a
+primary factor behind the drop in orders for business capital
+investment.
+    "It's a rather gloomy outlook for the economy, said David
+Wyss of Data Resources Inc. "I'm particularly impressed by the
+19.7 pct drop in non-defense capital goods orders because it
+may be a sign that businesses are reacting more adversely to
+tax reform than we thought."
+    The Commerce Department pointed out that a record 14.8 pct
+decline in new orders for machinery was led by declines in
+office and computing equipment orders.
+    Economists said the drop in computer orders may have been a
+response to the lengthening of depreciation schedules and the
+end of the investment tax credit under the new tax laws.
+    "It's more expensive to invest than it used to be, so
+people just aren't doing it as much," Wyss said.
+     Increases in durable goods orders at year's end reinforced
+the view that businesses anticipated the changing tax laws,
+economists said.
+    November durable goods orders rose 5.1 pct and December's
+increased 1.5 pct, revised upwards from a previously reported
+0.9 pct.
+    But most acknowledged that the huge January drop was caused
+by more than tax reform.
+    "The wash-out that took place in January was far greater
+than the actual gains that took place in November and
+December," said Bill Sullivan of Dean Witter Reynolds Inc. "The
+economy has a weakening bent to it early in the year."
+    "The report definitely points to very sluggish capital
+spending over the next couple of quarters," said Donald Maude
+of Midland Montagu Capital Markets Inc.
+    Maude pointed to a continuing decline in order backlogs as
+evidence that the outlook for new orders is not improving. In
+November, order backlogs rose 0.6 pct, but in December they
+fell 0.6 pct and in January 0.7 pct, he said.
+    "It suggests orders in the pipeline are depleting, which
+may quickly translate to a drop in production," Midland
+Montagu's Maude said.
+    Wyss cautioned that too much should not be made of
+January's report, given that other reports have reflected
+strength.
+    But he acknowledged that the decline occurred despite a 51
+pct rise in defense orders, compared with a 57.7 pct decline in
+December.
+    He also noted that there was a 6.9 pct drop in January
+shipments, compared with a 5.4 pct rise in December.
+    "Given these numbers, there's no reason for the Fed to
+tighten," Data Resources' Wyss said.
+    "But there's no reason to ease unless we see more numbers
+like this. The Fed will wait and see," he added.
+    Sullivan predicted the Fed will ease by Easter. "People
+aren't talking recession or Fed easing now, but the Fed will
+have to ease to ensure global growth."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5598" NEWID="55">
+<DATE>26-FEB-1987 15:56:00.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0903&#31;reute
+d f BC-SENATORS-INTRODUCE-EX   02-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATORS INTRODUCE EXPORT LICENSING REFORM BILL</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Sens. Alan Cranston (D-Cal.) and
+Daniel Evans (R-Wash.) said they introduced export licensing
+reform legislation that could save U.S. companies hundreds of
+thousands of dollars annually.
+    "Our emphasis is two-fold: Decontrol and de-license items
+where such actions will not endanger our national security, and
+eliminate the Department of Defense's de facto veto authority
+over the licensing process," Cranston said.
+    "Our reforms should reduce licensing requirements by 65  to
+70 pct," he told reporters. "I am convinced that a more
+rational...licensing process will boost exports."
+    U.S. export controls are intended to deny Eastern bloc
+countries access to technology that could further their
+military capabilities.
+    "By refocusing our control resources on higher levels of
+technology, technology that is truly critical, we will do a
+better job of preventing diversion of critical technology to
+our adversaries while promoting more exports," Cranston said.
+    "We cannot expect to continue to play a leading role in new
+technology development in the future if we unduly restrict the
+activities of U.S. firms in the world market-place," Evans told
+reporters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5599" NEWID="56">
+<DATE>26-FEB-1987 15:57:48.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0906&#31;reute
+r f BC-AM-INTERNATIONAL-&lt;AM>   02-26 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AM INTERNATIONAL &lt;AM> CITES STRONG PROSPECTS</TITLE>
+<DATELINE>    CHICAGO, Feb 26 - </DATELINE><BODY>AM International Inc, reporting an
+operating loss for the January 31 second quarter, said
+prospects for the balance of the fiscal year remain good.
+    It said orders at its Harris Graphics subsidiary, acquired
+in June 1986, "continue to run at a strong pace." For the six
+months, orders rose 35 pct over the corresponding prior-year
+period, or on an annualized basis are running at about 630 mln
+dlrs.
+    The backlog at Harris is up 30 pct from the beginning of
+the fiscal year, AM said.
+    AM International said its old division are expected to
+benefit from recent new product introductions and the decline
+in the value of the dollar.
+    "Research, development and engineering expenditures in
+fiscal 1987 will be in the 45-50 mln dlr range, and the company
+said it has allocated another 30-40 mln dlrs for capital
+expenditures.
+    Earlier AM reported a fourth quarter operating loss of two
+cts a share compared to profits of seven cts a share a year
+ago. Revenues rose to 291.8 mln dlrs from 151.1 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5600" NEWID="57">
+<DATE>26-FEB-1987 15:58:07.34</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>honduras</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0907&#31;reute
+u f BC-CCC-CREDITS-FOR-HONDU   02-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC CREDITS FOR HONDURAS SWITCHED TO WHITE CORN</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The Commodity Credit Corporation (CCC)
+announced 1.5 mln dlrs in credit guarantees previously
+earmarked to cover sales of dry edible beans to Honduras have
+been switched to cover sales of white corn, the U.S.
+Agriculture Department said.
+    The department said the action reduces coverage for sales
+of dry edible beans to 500,000 dlrs and creates the new line of
+1.5 mln dlrs for sales of white corn.
+    All sales under the credit guarantee line must be
+registered  and shipped by September 30, 1987, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5601" NEWID="58">
+<DATE>26-FEB-1987 15:58:19.46</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0908&#31;reute
+u f BC-ASSETS-OF-U.S.-MONEY   02-26 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASSETS OF U.S. MONEY FUNDS ROSE IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Assets of money market mutual funds
+increased 720.4 mln dlrs in the week ended yesterday to 236.90
+billion dlrs, the Investment Company Institute said.
+    Assets of 91 institutional funds rose 356 mln dlrs to 66.19
+billion dlrs, 198 general purpose funds rose 212.5 mln dlrs to
+62.94 billion dlrs and 92 broker-dealer funds rose 151.9 mln
+dlrs to 107.77 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5602" NEWID="59">
+<DATE>26-FEB-1987 15:58:47.73</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0910&#31;reute
+u f BC-gulf-grain-barge-frgt   02-26 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF BARGE FREIGHT RATES UP FURTHER ON CALL</TITLE>
+<DATELINE>    ST LOUIS, Feb 26 - </DATELINE><BODY>Gulf barge freight rates firmed again on
+the outlook for steady vessel loadings at the Gulf, increasing
+the demand for barges to supply those ships, dealers said.
+    No barges traded today on the St Louis Merchants' Exchange
+call session, versus 29 yesterday.
+    Quotes included -
+ - Delivery this week on the Illinois River (Joliet) 135 pct of
+tariff bid/140 offered, with next week same river (ex Chicago)
+quoted the same - both up 2-1/2 percentage points.
+ - Next week Mississippi River (St Louis) 120 pct bid/127-1/2
+offered - up five points.
+ - Next week Ohio River (Owensboro/south) 125 pct bid/132-1/2
+offered - up 7-1/2 points.
+ - On station Illinois River (south Chicago) 135 pct bid/140
+offered - no comparison.
+ - March Illinois (ex Chicago) 132-1/2 pct bid/140 offered - up
+2-1/2 points.
+ - March Ohio River bid at yesterday's traded level of 125 pct,
+offered at 132-1/2.
+ - March lower Mississippi River (Memphis/Cairo) 112-1/2 pct
+bid/120 offered - no comparison.
+ - May Illinois River (ex Chicago) 100 pct bid/107-1/2 offered
+- no comparison.
+ - Sept/Nov Lower Mississippi River (Memphis/Cairo) 137-1/2 pct
+bid/145 offered, with Sept/Dec same section 125 pct bid/135
+offered - no comparison.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5603" NEWID="60">
+<DATE>26-FEB-1987 16:03:15.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0923&#31;reute
+u f BC-ARGENTINA-COULD-SUSPE   02-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA COULD SUSPEND DEBT PAYMENTS - DEPUTY</TITLE>
+<DATELINE>    BUENOS AIRES, Feb 26 - </DATELINE><BODY>Argentina could suspend payments on
+its foreign debt if creditor banks reject a 2.15 billion dlr
+loan request to meet 1987 growth targets, ruling Radical Party
+Deputy Raul Baglini told a local radio station.
+    "Argentina does not discard the use of (a moratorium) if the
+negotiations do not produce a result that guarantees the growth
+of the country," he added.
+    Baglini, an observer at Argentina's negotiations in New
+York with the steering committee for its 320 creditors banks,
+told the Radio del Plata in a telephone interview that the
+banks were divided on the loan request.
+    Baglini said that as a result, today's scheduled second day
+of talks had been postponed.
+    He said Argentina was prepared to follow the example of
+Brazil, which last week declared a moratorium on interest
+payments of a large portion of its 108 billion dlr foreign
+debt.
+    Argentina's prime objective in renegotiating the debt was
+to maintain growth, which has been targeted at four pct in
+1987, Baglini said.
+    "Debtor nations should not have to take from their own
+pockets, that is their commercial balance, to meet interest
+payments," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5604" NEWID="61">
+<DATE>26-FEB-1987 16:04:05.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0928&#31;reute
+r f BC-KEY-U.S.-TAX-WRITERS   02-26 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEY U.S. TAX WRITERS SEEK ESTATE TAX CURBS</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The chairmen and senior Republican
+members of the House and Senate tax writing committees proposed
+legislation to curb estate tax deduction on sales of stock to
+an employee stock ownership plan.
+    The proposal would raise federal revenues of 6.7 billion
+dlrs over the fiscal year period 1987 to 1991.
+    If adopted by Congress it would effect all transactions
+after Sept 26, 1987.
+    The plan was proposed by House Ways and Means Committee
+Chairman Dan Rostenkowski (D-Ill), Rep John Duncan (R-Tenn),
+Senate Finance Committee Chairman Lloyd Bentsen (D-Tex) and Sen
+Bob Packwood (R-Ore).
+    In a statement Rostenkowski said the estate tax deduction
+enacted last year as part of the tax reform bill was too broad
+and would have cost the governmet seven billion dlrs over four
+years. The narrower deduction would cost the government less
+than 300 mln dlrs for the same years.
+    He said it was designed to avoid sham transactions which
+allowed estates to avoid taxes by transferring stock to ESOPs.
+    Senate Finance Committee chairman Lloyd Bentsen said in a
+statement, "The Tax Reform Act contains a provision that allows
+many wealthy individuals to avoid the federal estate tax
+entirely when they die."
+    He added, "The provision was intended to encourage estates
+to sell stock to employee stock ownership plans as a way of
+promoting worker ownership; however, the provision was not
+meant to be broad enough to reduce federal revenues as much as
+is currently estimated."
+    He added, "The bill I have introduced today calls for the
+modification of the provision in accordance with its intended
+purpose."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5605" NEWID="62">
+<DATE>26-FEB-1987 16:04:57.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0932&#31;reute
+u f BC-TREASURY-BALANCES-AT   02-26 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED ROSE ON FEB 25</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve rose on Feb 25 to 4.151 billion dlrs from 2.727 billion
+dlrs the previous business day, the Treasury said in its latest
+budget statement.
+    Balances in tax and loan note accounts fell to 25.137
+billion dlrs from 25.780 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 29.289
+billion dlrs on Feb 25 compared with 28.507 billion dlrs on Feb
+24.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5606" NEWID="63">
+<DATE>26-FEB-1987 16:05:36.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0936&#31;reute
+u f BC-CANADA'S-WILSON-SEEKS   02-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA'S WILSON SEEKS TEMPORARY BORROWING</TITLE>
+<DATELINE>    OTTAWA, Feb 26 - </DATELINE><BODY>Canadian Finance Minister Michael Wilson
+said he will use temporary authority under the Financial
+Administration act to borrow an additional 600 mln dlrs in next
+Thursday's treasury bill auction.
+    In a statement, Wilson said the action would permit the
+government to proceed with its debt program during a period
+when there was not sufficient borrowing authority, which is
+granted by Parliament, to cover the government's needs.
+    Ottawa announced previously it was seeking Parliamentary
+approval for the additional authority to cover the financing of
+an increase in the government's foreign reserves.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5607" NEWID="64">
+<DATE>26-FEB-1987 16:06:36.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0940&#31;reute
+r f BC-GULF-APPLIED-&lt;GATS>-S   02-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF APPLIED &lt;GATS> SELLS UNITS, SEES GAIN</TITLE>
+<DATELINE>    HOUSTON, Feb 26 - </DATELINE><BODY>Gulf Applied Technologies Inc said it
+sold its pipeline and terminal operations units for 12.2 mln
+dlrs and will record a gain of 2.9 mln dlrs in the first
+quarter.
+    It added that any federal taxes owed on the transaction
+will be offset by operating loss carryovers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5608" NEWID="65">
+<DATE>26-FEB-1987 16:07:14.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0943&#31;reute
+u f BC-FARMERS-GROUP-INC-&lt;FG   02-26 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARMERS GROUP INC &lt;FGRP> 4TH QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, Feb 26 -
+    </DATELINE><BODY>Shr 80 cts vs 72 cts
+    Net 55,513,000 vs 48,741,000
+    Revs 290.9 mln vs 264.2 mln
+    Year
+    Shr 3.09 dlrs vs 2.72 dlrs
+    Net 213,470,000 vs 184,649,000
+    Revs 1.12 billion vs 992.9 mln
+    Avg shrs 69,127,000 vs 68,004,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5609" NEWID="66">
+<DATE>26-FEB-1987 16:07:27.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0945&#31;reute
+r f BC-POTOMAC-ELECTRIC-POWE   02-26 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POTOMAC ELECTRIC POWER CO &lt;POM> JAN NET</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 -
+    </DATELINE><BODY>Shr 27 cts vs 29 cts
+    Net 13,555,000 vs 14,635,000
+    Revs 104,606,000 vs 110,311,000
+    Avg shrs 47.2 mln vs 47.1 mln
+    12 mths
+    Shr 4.10 dlrs vs 3.66 dlrs
+    Net 226,653,000 vs 186,790,000
+    Revs 1.4 billion vs 1.3 billion
+    Avg shr 47.1 mln vs 47.1 mln
+   
+    NOTE: latest 12 mths net includes gain 46 cts per share for
+sale of Virginia service territory to Dominion Resources Inc
+&lt;D>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5610" NEWID="67">
+<DATE>26-FEB-1987 16:08:15.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0948&#31;reute
+w f BC-SPRINGBOARD-&lt;SPBD>-IN   02-26 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPRINGBOARD &lt;SPBD> IN DEAL</TITLE>
+<DATELINE>    MINNEAPOLIS, Feb 26 - </DATELINE><BODY>Springboard Software INc said it
+signed a contract under which International Technology
+Development Corp will provide software designers, programmers,
+project supervisors and technical support personnel to
+Springboard.
+    International Technology, based in San Francisco and
+Shanghai, China, employs Chinese computer specialists.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5611" NEWID="68">
+<DATE>26-FEB-1987 16:08:33.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0949&#31;reute
+r f BC-&lt;COFAB-INC>-BUYS-GULF   02-26 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;COFAB INC> BUYS GULFEX FOR UNDISCLOSED AMOUNT</TITLE>
+<DATELINE>    HOUSTON, Feb 26 - </DATELINE><BODY>CoFAB Inc said it acquired &lt;Gulfex Inc>,
+a Houston-based fabricator of custom high-pressure process
+vessels for the energy and petrochemical industries.
+    CoFAB said its group of companies manufacture specialized
+cooling and lubricating systems for the oil and gas,
+petrochemical, utility, pulp and paper and marine industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5612" NEWID="69">
+<DATE>26-FEB-1987 16:10:43.67</DATE>
+<TOPICS><D>veg-oil</D><D>soybean</D><D>oilseed</D><D>meal-feed</D><D>soy-meal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0951&#31;reute
+b f BC-nspa-weekly-crush   02-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WEEKLY SOYBEAN CRUSH 21,782,929 BUSHELS</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Reporting members of the National
+Soybean Processors Association (NSPA) crushed 21,782,929
+bushels of soybeans in the week ended Feb 25 compared with
+22,345,718 bushels in the previous week and 16,568,000 in the
+year-ago week, the association said.
+    It said total crushing capacity for members was 25,873,904
+bushels vs 25,873,904 last week and 25,459,238 bushels last
+year.
+    NSPA also said U.S. soybean meal exports in the week were
+117,866 tonnes vs 121,168 tonnes a week ago and compared with
+84,250 tonnes in the year-ago week.
+    NSPA said the figures include only NSPA member firms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5613" NEWID="70">
+<DATE>26-FEB-1987 16:11:21.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0952&#31;reute
+d f BC-SCHULT-HOMES-OFFERING   02-26 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHULT HOMES OFFERING PRICED AT FIVE DLRS/UNIT</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>The underwriters said the initial
+offering of 833,334 Schult Homes Corp units is being made at
+five dlrs per unit.
+    The underwriters, managed by Janney Montgomey Scott Inc and
+Woolcott and Co Inc, said each unit consits of one common share
+and one warrant to purchase one-half a common share at 5.50
+dlrs per share until September one 1989 and thereafter at 6.50
+dlrs per share until March 1991. The underwriters were granted
+an over-allotment option of 125,000 units.
+    They said the company will use its proceeds to pay a
+portion of its subordinated note payable to Inland Steel Urban
+Development Corp issued in connection with the acquisition of
+Schult from Inland. Based in Elkhart, Ind., Schult is the
+country's oldest manufactured home producer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5614" NEWID="71">
+<DATE>26-FEB-1987 16:12:01.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0954&#31;reute
+s f BC-TULTEX-CORP-&lt;TTX>-SET   02-26 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TULTEX CORP &lt;TTX> SETS QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    MARTINSVILLE, Va., Feb 26 - 
+    </DATELINE><BODY>Qtly div eights cts vs eight cts prior
+    Pay April one
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5615" NEWID="72">
+<DATE>26-FEB-1987 16:13:04.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0955&#31;reute
+d f BC-BURLINGTON-&lt;BUR>--GET   02-26 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURLINGTON &lt;BUR>  GETS 30.5 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Burlington Menswear of New York City,
+a division of Burlington Industries Inc, has received a 30.5
+mln dlr defense contract for 3.69 mln yards of tropical cloth,
+the Defense Logistics Agency said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5616" NEWID="73">
+<DATE>26-FEB-1987 16:13:36.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0956&#31;reute
+h f BC-ROCKWELL-&lt;ROK>-GETS-2   02-26 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKWELL &lt;ROK> GETS 28.3 MLN DLR B-1 CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Rockwell International Corp has
+received a 28.3 mln dlr contract for work on the B-1B bomber in
+the current fiscal year, the Air Force said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5617" NEWID="74">
+<DATE>26-FEB-1987 16:14:23.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0957&#31;reute
+h f BC-ATICO-FINANCIAL-CORP   02-26 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATICO FINANCIAL CORP &lt;ATFC> 4TH QTR NET</TITLE>
+<DATELINE>    MIAMI, Fla., Feb 26 -
+    </DATELINE><BODY>Shr 30 cts vs 5.92 dlrs
+    Net 1,142,000 vs 16.0 mln
+    Revs 10.6 mln vs 24.2 mln
+    Year
+    Shr 90 cts vs 6.20 dlrs
+    Net 3,320,000 vs 16.9 mln
+    Revs 45.00 mln vs 26.2 mln
+    NOTE: 1986 4th qtr and yr amounts include acquisition of
+98.8 pct of common of Atico, formerly Peninsula Federal Savings
+and Loan Association, on January 24, 1986.
+    1985 4th qtr and yr net include net gain of 15.9 mln dlrs
+or 5.86 dlrs per share on exchange of common of Pan America
+Banks Inc for common of NCNB Corp purusant to a merger of the
+companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5618" NEWID="75">
+<DATE>26-FEB-1987 16:15:51.34</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0960&#31;reute
+b f BC-ICO-EXPORTERS-TO-MODI   02-26 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO EXPORTERS TO MODIFY NEW PROPOSAL</TITLE>
+<DATELINE>    LONDON, Feb 26 - </DATELINE><BODY>International Coffee Organization (ICO)
+exporters will modify their new proposal on quota resumption
+before presenting it to importers tomorrow, ICO delegates said.
+    The change, which will be discussed tonight informally
+among producers, follows talks after the formal producer
+session with the eight-member producer splinter group and will
+affect the proposed quota distribution for 12 months from April
+one, they said.
+    The proposed share-out would still include shortfall
+declarations, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5619" NEWID="76">
+<DATE>26-FEB-1987 16:16:52.92</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0965&#31;reute
+f f BC-******U.S.-COMMERCIAL   02-26 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. COMMERCIAL PAPER FALLS 375 MLN DLRS IN FEB 18 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5620" NEWID="77">
+<DATE>26-FEB-1987 16:17:05.96</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0966&#31;reute
+f f BC-******N.Y.-BUSINESS-L   02-26 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>N.Y. BUSINESS LOANS FALL 195 MLN DLRS IN FEB 18 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5621" NEWID="78">
+<DATE>26-FEB-1987 16:17:21.41</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0967&#31;reute
+f f BC-******NEW-YORK-BANK-D   02-26 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEW YORK BANK DISCOUNT WINDOW BORROWINGS 64 MLN DLRS IN FEB 25 WEEK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5622" NEWID="79">
+<DATE>26-FEB-1987 16:18:41.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>maxwell</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0977&#31;reute
+r f BC-QUEBECOR-(PQB)-HEAD-S   02-26 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBECOR &lt;PQB> HEAD SEES NEW VENTURES LIKELY</TITLE>
+<AUTHOR>    By Jane Arraf, Reuters</AUTHOR>
+<DATELINE>    MONTREAL, Feb 26 - </DATELINE><BODY>Quebecor Inc, one of Canada's largest
+publishing and printing companies, is likely to launch a new
+daily newspaper in Montreal, probably this fall, president
+Pierre Peladeau told Reuters in an interview.
+    The company, which last week won a bid to buy the Quebec
+government's 55 pct interest in pulp and paper company &lt;Donohue
+Inc>, will also likely go ahead with plans to build a new paper
+mill in Matane, Quebec, Peladeau said.
+    "I would say we will move (ahead with the daily).... This
+is not definite but i think we will," he said, adding that he
+plans to announce a decision early next week.
+    Quebecor, which had revenues of 446 mln Canadian dlrs last
+year and profit of 16.2 mln dlrs, already publishes three daily
+newspapers, including the tabloid Le Journal de Montreal, the
+second-largest circulation paper in Canada.
+    A new daily would give Montreal its second English-
+language paper and its sixth daily newspaper, making the city
+the most crowded metropolitan newspaper market in North
+America, analysts have said.
+    Peladeau said market studies have indicated a new English
+language tabloid would have circulation of 50,000 within six
+months. He said he is waiting to determine whether the new
+venture would have the support of major advertisers.
+    Peladeau, who together with family members owns about 55
+pct of Quebecor, said he has recieved offers from the heads of
+two major Canadian companies who are interested in the project
+but has not decided whether he would take partners in the
+newspaper venture.
+    He said he would consider launching the newspaper with one
+of the companies as a prelude to other joint ventures.
+    "It would be the possibility of doing something else in the
+short term," Peladeau said.
+    Peladeau said the joint acquisition of Donohue with Robert
+Maxwell's British Printing and Communications Corp plc &lt;BPCL.L>
+does not mean Quebecor will have to hold off on other projects.
+    Peladeau and Maxwell's companies teamed up to buy the stake
+in Donohue, which resulted in Quebecor buying 51 pct of the
+govvernment's stake for about 165 mln Canadian dlrs and British
+printing acquiring the other 49 pct.
+    "In 1976 or 77 there was a tremendous shortage of
+newsprint. There were days when we didn't have enough paper to
+print the paper," Peladeau said. "When I lived that, I said to
+myself...next time we'll be ready."
+    Peladeau said most of Donohue's current total newsprint
+capacity however, is already committed to other buyers.
+    Quebecor uses about 100,000 metric tons of newsprint a year
+and Maxwell's company, which publishes Britain's Daily Mirror
+newspaper, uses about 200,000 tonnes.
+    Peladeau said even with a new 170 mln dlr paper machine, 49
+pct owned by the New York Times, (NYT.A), adding to Donohue's
+540,000 metric tonne capacity this fall, the companies will
+have to install another paper machine at Amos, Quebec, or build
+another mill to meet their demands .
+    He said a new mill, which would produce either newsprint or
+other types of paper, would cost 400-500 mln dlrs and could be
+on stream in two years. He said a mill in Matane, a depressed
+area with high unemployment, would be heavily subsidized by the
+government.
+    Peladeau said he is interested in further joint ventures
+with Maxwell's company, either in the newspaper market in
+France or in the U.S., where the company owns two large
+printing plants and is looking to expand its newspaper empire.
+    He said Maxwell's sons, who are French citizens, would
+provide an entree into the French market, where foreigners are
+prevented from buying newspapers. Peladeau said he would
+consider either buying into or starting daily newspapers in
+France or the U.S.
+    Quebecor is also in the process of expanding its chain of
+about 40 weekly newspapers, with the possible acquisition of
+two groups of weekly newspapers in the U.S., and is negotiating
+the acquisition of two weekly newspaper chains in Canada,
+Peladeau said.
+    He said the company may consider starting daily newspapers
+in two small Quebec cities and buying radio stations in the
+province.
+    Peladeau said Quebecor may also consider trading in its
+listing on the American stock exchange for a New York Stock
+Exchange listing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5623" NEWID="80">
+<DATE>26-FEB-1987 16:20:06.60</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0980&#31;reute
+b f BC-new-york-business-loa   02-26 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK BUSINESS LOANS FALL 195 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Commercial and industrial loans on the
+books of the 10 major New York banks, excluding acceptances,
+fell 195 mln dlrs to 65.06 billion in the week ended February
+18, the Federal Reserve Bank of New York said.
+    Including acceptances, loans declined 114 mln dlrs to 65.89
+billion.
+    Commercial paper outstanding nationally dropped 375 mln
+dlrs to 336.63 billion.
+    National business loan data are scheduled to be released on
+Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5624" NEWID="81">
+<DATE>26-FEB-1987 16:20:50.93</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0982&#31;reute
+b f BC-N.Y.-BANK-DISCOUNT-BO   02-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. BANK DISCOUNT BORROWINGS 64 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>The eight major New York City banks had
+64 mln dlrs in average borrowings from the Federal Reserve in
+the week to Wednesday February 25, a Fed spokesman said.
+    The week marked the second half of the two-week bank
+statement period that ended on Wednesday. The banks had no
+borrowings in the prior week.
+    Commenting on the latest week, a Fed spokesman said that
+all of the borrowing occurred yesterday and was done by fewer
+than half of the banks.
+    National data on discount window borrowings are due to be
+released at 1630 EST (2130 GMT).
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5625" NEWID="82">
+<DATE>26-FEB-1987 16:23:47.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0988&#31;reute
+d f BC-PHILIPPINE-LONG-DISTA   02-26 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE LONG DISTANCE &lt;PHI> YEAR NET</TITLE>
+<DATELINE>    NEW YORK, Feb 26 -
+    </DATELINE><BODY>Shr primary 95.30 pesos vs 29.71 pesos
+    Shr diluted 61.11 pesos vs 18.49 pesos
+    Qtly div 1.25 pesos vs 1.25 pesos
+    Net 1.9 billion vs 779 mln
+    Revs 6.1 billion vs 4.7 billion
+    NOTE: Full name Philippine Long Distance Telephone Co.
+    Figures quoted in Philippine Pesos.
+    Dividend payable April 15 to holders or record March 13.
+Exchange rate on day of dividend declaration was 20.792 pesos
+per dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5626" NEWID="83">
+<DATE>26-FEB-1987 16:25:23.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0992&#31;reute
+w f BC-LIBERTY-ALL-STAR-EQUI   02-26 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBERTY ALL-STAR EQUITY FUND INITIAL DIV</TITLE>
+<DATELINE>    WESTPORT, Conn., FEb 26 -
+    </DATELINE><BODY>Qtly div five cts vs N.A.
+    Payable April two
+    Record March 20
+    NOTE:1986 dividend includes special two cts per share for
+the period beginning with the fund's commencement of operations
+on Novebmer three through December 31, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5627" NEWID="84">
+<DATE>26-FEB-1987 16:25:42.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0993&#31;reute
+d f BC-COLUMBIA-GAS-SYSTEM-I   02-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLUMBIA GAS SYSTEM INC &lt;CG> REDEEMS DEBENTURES</TITLE>
+<DATELINE>    WILMINGTON, Del, Feb 26 - </DATELINE><BODY>The Columbia Gas Systems Inc said
+it will redeem 4.7 mln dlrs principal amount of its 9-1/8 pct
+debentures, series due May 1, 1996, and five mln dlrs
+principal amount of its 10-1/4 pct debentures, series due May
+1, 1999.
+    The company said it is redeeming the debentures to meet
+mandatory sinking fund requirements.
+    In addition, Columbia said it will call for the optional
+sinking fund redemption on May 1, 1987, the 4.7 mln dlrs
+principal amount of the 9-1/8 debentures and 7.5 mln dlrs of
+the 10-1/4 pct debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5628" NEWID="85">
+<DATE>26-FEB-1987 16:26:09.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0994&#31;reute
+s f BC-COMBUSTION-ENGINEERIN   02-26 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMBUSTION ENGINEERING INC &lt;CSP> REGULAR DIV</TITLE>
+<DATELINE>    STAMFORD, Conn., Feb 26 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay April 30
+    Record April 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5629" NEWID="86">
+<DATE>26-FEB-1987 16:27:07.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0999&#31;reute
+u f BC-TONKA-CORP-&lt;TKA>-RAIS   02-26 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TONKA CORP &lt;TKA> RAISES DIVIDEND</TITLE>
+<DATELINE>    MINNETONKA, MINN., Feb 26 -
+    </DATELINE><BODY>Qtly div two cts vs 1.7 cts
+    Pay March 26
+    Record March 12
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5630" NEWID="87">
+<DATE>26-FEB-1987 16:29:15.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0011&#31;reute
+r f BC-BDM-INTERNATIONAL-&lt;BD   02-26 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BDM INTERNATIONAL &lt;BDM> INCREASES QTRLY DIVS</TITLE>
+<DATELINE>    MCLEAN, Va., Feb 26 -
+    </DATELINE><BODY>Annual div Class A 14 cts vs 12 cts prior
+    Annual div Class B 12.1 cts vs 10.4 cts prior
+    Payable April one
+    Record March 20
+    NOTE: full name is BDM International Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5631" NEWID="88">
+<DATE>26-FEB-1987 16:29:19.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0012&#31;reute
+d f BC-SORG-&lt;SRG>-STOCKHOLDE   02-26 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SORG &lt;SRG> STOCKHOLDERS FORM GROUP</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Sorg Inc said a group composed of
+one-third of the stockholders in Sorg agreed not to sell their
+holdings without the consent of the entire group.
+    Sorg said the group also agreed to vote as a body on any
+proposed merger or election of directors.
+    The company further said it retained the First Boston Corp
+to act as its financial advisor.
+    The company was not immediately available to provide
+further details on the group or its aims.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5632" NEWID="89">
+<DATE>26-FEB-1987 16:29:26.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0013&#31;reute
+s f BC-SYSTEMATICS-INC-&lt;SYST   02-26 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYSTEMATICS INC &lt;SYST> REGULAR PAYOUT</TITLE>
+<DATELINE>    LITTLE ROCK, Ark., Feb 26 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay March 13
+    Record February 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5633" NEWID="90">
+<DATE>26-FEB-1987 16:29:30.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0014&#31;reute
+d f BC-TEXAS-INSTRUMENTS-&lt;TX   02-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INSTRUMENTS &lt;TXN> DEVELOPS NEW CHIP</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Texas Instruments Inc said it has
+developed the first 32-bit computer chip designed specifically
+for artificial intelligence applications.
+    The company said the new microprocessor, measuring
+one-centimeter square and containing 553,687 transistors, is
+the densest chip ever made.
+    The chip was designed, Texas Instruments said, for use with
+the Lisp langugage, which is used widely by software
+programmers in the artificial intelligence field.
+    The company added that it is working on a production
+version of the chip.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5634" NEWID="91">
+<DATE>26-FEB-1987 16:29:56.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0015&#31;reute
+h f BC-CONSOLIDATED-GAS-&lt;CNG   02-26 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED GAS &lt;CNG>UNIT SAYS NO RULES BROKEN</TITLE>
+<DATELINE>    CLARKSBURG, W.Va., Feb 26 - </DATELINE><BODY>Consolidated Natural Gas
+System's Consolidated Gas Transmission Corp said it is in
+compliance with all federal regulations regarding the disposal
+of polychlorinated biphenyls, or PCBs.
+    The company said it successfully cleaned up the only
+earthen pit at which PCBs were reported to be above
+Environmental Protection Agency standards.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5635" NEWID="92">
+<DATE>26-FEB-1987 16:31:34.18</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0017&#31;reute
+f f BC-******U.S.-M-1-MONEY   02-26 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. M-1 MONEY SUPPLY RISES 2.1 BILLION DLRS IN FEB 16 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5636" NEWID="93">
+<DATE>26-FEB-1987 16:31:44.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0018&#31;reute
+u f BC-(IVACO-INC)-YEAR-NET   02-26 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;IVACO INC> YEAR NET</TITLE>
+<DATELINE>    MONTREAL, Feb 26-
+    </DATELINE><BODY>Shr 1.11 dlrs vs 1.04 dlrs
+    Net 44,092,000 vs 35,145,000
+    Revs 1.94 billion vs 1.34 billion
+    Note: 1986 results include extraordinary gain of 1,035,000
+dlrs or six cts a share from secondary share offering of Canron
+unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5637" NEWID="94">
+<DATE>26-FEB-1987 16:31:54.04</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0019&#31;reute
+f f BC-******U.S.-BANK-DISCO   02-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BANK DISCOUNT BORROWINGS AVERAGE 310 MLN DLRS IN FEB 25 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5638" NEWID="95">
+<DATE>26-FEB-1987 16:32:04.32</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0020&#31;reute
+f f BC-******U.S.-BANK-NET-F   02-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BANK NET FREE RESERVES 644 MLN DLRS IN TWO WEEKS TO FEB 25, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5639" NEWID="96">
+<DATE>26-FEB-1987 16:32:37.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0024&#31;reute
+u f BC-CYCLOPS   02-26 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRMS CUT CYCLOPS &lt;CYL> STAKE</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>A group of affiliated New York
+investment firms said they lowered their stake in Cyclops Corp
+to 260,500 shares, or 6.4 pct of the total outstanding common
+stock, from 370,500 shares, or 9.2 pct.
+    In a filing with the Securities and Exchange Commission,
+the group, led by Mutual Shares Corp, said it sold 110,000
+Cyclops common shares on Feb 17 and 19 for 10.0 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5640" NEWID="97">
+<DATE>26-FEB-1987 16:32:51.69</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>oat</D><D>rye</D><D>sorghum</D><D>soybean</D><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0025&#31;reute
+u f BC-ASCS-TERMINAL-MARKET   02-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASCS TERMINAL MARKET VALUES FOR PIK GRAIN</TITLE>
+<DATELINE>    KANSAS CITY, Feb 26 - </DATELINE><BODY>The Agricultural Stabilization and
+Conservation Service (ASCS) has established these unit values
+for commodities offered from government stocks through
+redemption of Commodity Credit Corporation commodity
+certificates, effective through the next business day.
+    Price per bushel is in U.S. dollars. Sorghum is priced per
+CWT, corn yellow grade only.
+     WHEAT     HRW   HRS    SRW   SWW   DURUM
+ Chicago       --    3.04   2.98  --    --
+ Ill. Track    --    --     3.16  --    --
+ Toledo        --    3.04   2.98  2.90  --
+ Memphis       --    --     3.05  --    --
+ Peoria        --    --     3.11  --    --
+ Denver        2.62  2.63  --    --    --
+ Evansville    --    --    2.99  --    --
+ Cincinnati    --    --    2.96  --    --
+ Minneapolis   2.65  2.71  --    --    3.70
+ Baltimore/
+ Norf./Phil.   --    --    3.06  2.98  --
+ Kansas City   2.87  --    3.17  --    --
+ St. Louis     3.03  --    3.03  --    --
+ Amarillo/
+ Lubbock       2.64  --    --    --    --
+               HRW   HRS   SRW   SWW   DURUM
+ Lou. Gulf     --    --    3.16  --    --
+ Portland/
+ Seattle       3.07  3.08  --    3.10  3.70
+ Stockton      2.78  --    --    --    --
+ L.A.          3.23  --    --    --    4.05
+ Duluth        2.65  2.71  --    --    3.70
+ Tex. Gulf     3.10  --    3.16  --    --
+
+             CORN  BRLY  OATS  RYE   SOYB  SORG
+ Chicago     1.47  --    --    --    4.81  2.49
+ Ill. Track  1.49  2.04  --    --    4.85  2.52
+ Toledo      1.41  2.04  1.50  --    4.78  2.39
+ Memphis     1.59  1.95  1.71  --    4.90  2.86
+ Peoria      1.51  ---   --    --    4.80  2.60
+ Denver      1.56  1.56  --    --    --    2.54
+ Evnsvlle    1.54  2.04  1.50  2.17  4.90  2.61
+ Cinci       1.52  2.04  1.50  2.17  4.85  2.58
+ Mpls        1.34  1.75  1.50  1.85  4.68  --
+ Balt/Nor/
+ Phil        1.70  1.80  --    --    4.98  3.12
+ KC          1.49  1.56  1.64  --    4.76  2.58
+ St Lo       1.54  --    1.66  --    4.90  2.91
+ Amarlo/
+ Lubbck      1.84  1.40  --    --    4.75  2.92
+ Lou Gulf    1.73  --    --    --    5.05  3.12
+ Port/
+ Seattle     1.87  2.10  1.68  --    --    --
+ Stockton    2.18  2.23  2.10  --    --    4.00
+ LA          2.54  2.50  --    --    --    4.38
+ Duluth      1.34  1.75  1.50  1.85  4.68  --
+ Tex Gulf    1.73  1.48  1.73  --    5.05  3.12
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5641" NEWID="98">
+<DATE>26-FEB-1987 16:33:15.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0026&#31;reute
+d f BC-CORADIAN-CORP-&lt;CDIN>   02-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORADIAN CORP &lt;CDIN> 4TH QTR NET</TITLE>
+<DATELINE>    ALBANY, N.Y., Feb 26 -
+    </DATELINE><BODY>Shr profit three cts vs loss three cts
+    Net profit 363,000 vs loss 197,000
+    Revs 3,761,000 vs 2,666,000
+    Year
+    Shr profit one cent vs loss 37 cts
+    Net profit 129,000 vs loss 1,715,000
+    Revs 11.4 mln vs 10.9 mln
+    Avg shrs 10,694,081 vs 4,673,253
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5642" NEWID="99">
+<DATE>26-FEB-1987 16:34:34.40</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0031&#31;reute
+b f BC--FEDERAL-RESERVE-WEEK   02-26 0099</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FEDERAL RESERVE WEEKLY REPORT 1 - FEB 26
+    Two weeks ended Feb 25      daily avgs-mlns
+ Net free reserves.............644 vs.....1,337
+ Bank borrowings...............680 vs.......425
+ Including seasonal loans.......81 vs........56
+ Including extended loans......299 vs.......265
+ Excess reserves.............1,025 vs.....1,497
+ Required reserves (adj)....55,250 vs....55,366
+ Required reserves............N.A. vs......N.A.
+ Total reserves...............N.A. vs......N.A.
+ Non-borrowed reserves........N.A. vs......N.A.
+ Monetary base................N.A. vs......N.A.
+                         
+     Two weeks ended Feb 25                   
+ Total vault cash.............N.A. vs......N.A.
+ Inc cash equal to req res....N.A. vs......N.A.
+     One week ended Feb 25      Daily avgs-Mlns
+ Bank borrowings...............614 down.....131
+ Including seasonal loans.......88 up........14
+ Including extended loans......304 up........10
+ Float.........................511 down.....320
+ Balances/adjustments........2,101 down......67
+ Currency..................206,490 down.....519
+ Treasury deposits...........4,208 down......63
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5643" NEWID="100">
+<DATE>26-FEB-1987 16:35:16.02</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0035&#31;reute
+r f BC-N.Z.-TRADING-BANK-DEP   02-26 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. TRADING BANK DEPOSIT GROWTH RISES SLIGHTLY</TITLE>
+<DATELINE>    WELLINGTON, Feb 27 - </DATELINE><BODY>New Zealand's trading bank seasonally
+adjusted deposit growth rose 2.6 pct in January compared with a
+rise of 9.4 pct in December, the Reserve Bank said.
+    Year-on-year total deposits rose 30.6 pct compared with a
+26.3 pct increase in the December year and 34.5 pct rise a year
+ago period, it said in its weekly statistical release.
+    Total deposits rose to 17.18 billion N.Z. Dlrs in January
+compared with 16.74 billion in December and 13.16 billion in
+January 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5644" NEWID="101">
+<DATE>26-FEB-1987 16:35:24.57</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0036&#31;reute
+b f BC--FEDERAL-RESERVE-MONE   02-26 0092</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FEDERAL RESERVE MONEY SUPPLY REPORT - FEB 26
+    One Week Ended Feb 16
+ M-1.........................736.7 up.......2.1
+ Previous week revised to....734.6 From...734.2
+ Avge  4 Weeks (Vs Week Ago).735.0 Vs.....733.5
+ Avge 13 Weeks (Vs week Ago).731.8 Vs.....729.8
+ Monthly aggregates (Adjusted avgs in billions)
+ M-1 (Jan vs Dec)............737.6 Vs.....730.5
+ M-2 (Jan vs Dec)..........2,820.1 Vs...2,798.4
+ M-3 (Jan vs Dec)..........3,513.6 Vs...3,488.1
+ L...(Dec vs Nov)..........4,141.5 Vs...4,110.5
+ Domestic Debt(Dec vs Nov).7,604.4 Vs...7,519.8
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5645" NEWID="102">
+<DATE>26-FEB-1987 16:36:26.90</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0039&#31;reute
+b f BC-FEDERAL-RESERVE-WEEKL   02-26 0095</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FEDERAL RESERVE WEEKLY REPORT 3 - FEB 26
+    One week ended Feb 25       daily avgs-mlns
+ Govts bought outright....193,374 down....1,342
+ Govts repurchases............nil unch.........
+ Agencies bought outright...7,719 unch.........
+ Agencies repurchases.........nil unch.........
+ Acceptances repurchases......nil unch.........
+ Matched sales..............4,920 vs......3,788
+ Including sales with cust..4,369 vs......3,788
+ Other Fed assets..........16,806 down....1,161
+ Other Fed liabilities......6,421 up........178
+ Other deposits with Fed......399 up.........26
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5646" NEWID="103">
+<DATE>26-FEB-1987 16:36:54.20</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0041&#31;reute
+b f BC-FEDERAL-RESERVE-WEEKL   02-26 0100</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FEDERAL RESERVE WEEKLY REPORT 4 - FEB 26
+    One week ended Feb 25       Daily avgs-Mlns
+ Foreign deposits.............219 down.......29
+ Gold stock................11,059 unch.........
+ Custody holdings.........168,348 down......366
+ Federal funds rate avg......5.95 vs.......6.21
+    Factors on Wednesday, Feb 25
+ Bank borrowings............1,239 vs........446
+ Including extended credits....92 vs........298
+ Matched sales..............8,250 vs......2,998
+ Including sales w/cust.....4,392 vs......2,998
+ Float........................935 vs......2,125
+                                               
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5647" NEWID="104">
+<DATE>26-FEB-1987 16:38:46.25</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0048&#31;reute
+u f BC-WORLD-MARKET-PRICE-FO   02-26 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD MARKET PRICE FOR UPLAND COTTON - USDA</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The U.S. Agriculture Department
+announced the prevailing world market price, adjusted to U.S.
+quality and location, for Strict Low Middling, 1-1/16 inch
+upland cotton at 52.69 cts per lb, to be in effect through
+midnight March 5.
+    The adjusted world price is at average U.S. producing
+locations (near Lubbock, Texas) and will be further adjusted
+for other qualities and locations. The price will be used in
+determining First Handler Cotton Certificate payment rates.
+    Based on data for the week ended February 26, the adjusted
+world price for upland cotton is determined as follows, in cts
+per lb --
+ Northern European Price               66.32
+      Adjustments --
+ Average U.S. spot mkt location 10.42 
+ SLM 1-1/16 inch cotton          1.80 
+ Average U.S. location           0.53
+ Sum of adjustments              12.75
+ Adjusted world price            53.57
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5648" NEWID="105">
+<DATE>26-FEB-1987 16:38:54.88</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0049&#31;reute
+u f BC-sugar-import-quota   02-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUGAR QUOTA IMPORTS DETAILED -- USDA</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The U.S. Agriculture Department said
+cumulative sugar imports from individual countries during the
+1987 quota year, which began January 1, 1987 and ends December
+31, 1987 were as follows, with quota allocations for the quota
+year in short tons, raw value --
+            CUMULATIVE     QUOTA 1987
+              IMPORTS     ALLOCATIONS
+ ARGENTINA        nil          39,130
+ AUSTRALIA        nil          75,530
+ BARBADOS         nil           7,500
+ BELIZE           nil          10,010
+ BOLIVIA          nil           7,500
+ BRAZIL           nil         131,950
+ CANADA           nil          18,876
+                           QUOTA 1987
+              IMPORTS     ALLOCATIONS
+ COLOMBIA         103          21,840
+ CONGO            nil           7,599
+ COSTA RICA       nil          17,583
+ IVORY COAST      nil           7,500
+ DOM REP        5,848         160,160
+ ECUADOR          nil          10,010
+ EL SALVADOR      nil          26,019.8
+ FIJI             nil          25,190
+ GABON            nil           7,500
+                           QUOTA 1987
+              IMPORTS     ALLOCATIONS
+ GUATEMALA        nil          43,680
+ GUYANA           nil          10,920
+ HAITI            nil           7,500
+ HONDURAS         nil          15,917.2
+ INDIA            nil           7,500
+ JAMAICA          nil          10,010
+ MADAGASCAR       nil           7,500
+ MALAWI           nil           9,,100
+                           QUOTA 1987
+               IMPORTS    ALLOCATIONS
+ MAURITIUS         nil         10,920
+ MEXICO             37          7,500
+ MOZAMBIQUE        nil         11,830
+ PANAMA            nil         26,390
+ PAPUA NEW GUINEA  nil          7,500
+ PARAGUAY          nil          7,500
+ PERU              nil         37,310
+ PHILIPPINES       nil        143,780
+ ST.CHRISTOPHER-
+ NEVIS             nil          7,500
+                          QUOTA 1987
+                IMPORTS  ALLOCATIONS
+ SWAZILAND          nil         14,560
+ TAIWAN             nil         10,920
+ THAILAND           nil         12,740
+ TRINIDAD-TOBAGO    nil          7,500
+ URUGUAY            nil          7,500
+ ZIMBABWE           nil         10,920
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5649" NEWID="106">
+<DATE>26-FEB-1987 16:39:03.54</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f0050&#31;reute
+r f BC-portland-grain-ships   02-26 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN SHIPS LOADING AT PORTLAND</TITLE>
+<DATELINE>    PORTLAND, Feb 26 - </DATELINE><BODY>There were seven grain ships loading and
+six ships were waiting to load at Portland, according to the
+Portland Merchants Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5650" NEWID="107">
+<DATE>26-FEB-1987 16:40:00.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V Y
+&#22;&#22;&#1;f0052&#31;reute
+b f AM-GULF-OPERATION ***URGENT  02-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN ANNOUNCES END OF MAJOR OFFENSIVE IN GULF WAR</TITLE>
+<DATELINE>    LONDON, Feb 26 - </DATELINE><BODY>Iran announced tonight that its major
+offensive against Iraq in the Gulf war had ended after dealing
+savage blows against the Baghdad government.
+    The Iranian news agency IRNA, in a report received in
+London, said the operation code-named Karbala-5 launched into
+Iraq on January 9 was now over.
+    It quoted a joint statewment by the Iranian Army and
+Revolutionary Guards Corps as saying that their forces had
+"dealt one of the severest blows on the Iraqi war machine in the
+history of the Iraq-imposed war."
+    The statement by the Iranian High Command appeared to
+herald the close of an assault on the port city of Basra in
+southern Iraq.
+    "The operation was launched at a time when the Baghdad
+government was spreading extensive propaganda on the resistance
+power of its army...," said the statement quoted by IRNA.
+    It claimed massive victories in the seven-week offensive
+and called on supporters of Baghdad to "come to their senses" and
+discontinue support for what it called the tottering regime in
+Iraq.
+    Iran said its forces had "liberated" 155 square kilometers of
+enemy-occupied territory during the 1987 offensive and taken
+over islands, townships, rivers and part of a road leading into
+Basra.
+    The Iranian forces "are in full control of these areas," the
+statement said.
+    It said 81 Iraqi brigades and battalions were totally
+destroyed, along with 700 tanks and 1,500 other vehicles. The
+victory list also included 80 warplanes downed, 250 anti-
+aircraft guns and 400 pieces of military hardware destroyed and
+the seizure of 220 tanks and armoured personnel carriers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5651" NEWID="108">
+<DATE>26-FEB-1987 16:40:34.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0056&#31;reute
+s f BC-MERIDIAN-BANCORP-INC   02-26 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERIDIAN BANCORP INC &lt;MRDN> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    READING, Penn., Feb 26 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay April one
+    Record March 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5652" NEWID="109">
+<DATE>26-FEB-1987 16:41:34.44</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0057&#31;reute
+b f BC-u.s.-bank-borrowings   02-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANK DISCOUNT BORROWINGS 310 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>U.S. bank discount window borrowings
+less extended credits averaged 310 mln dlrs in the week to
+Wednesday February 25, the Federal Reserve said.
+    The Fed said that overall borrowings in the week fell 131
+mln dlrs to 614 mln dlrs, with extended credits up 10 mln dlrs
+at 304 mln dlrs. The week was the second half of a two-week
+statement period. Net borrowings in the prior week averaged 451
+mln dlrs.
+    Commenting on the two-week statement period ended February
+25, the Fed said that banks had average net free reserves of
+644 mln dlrs a day, down from 1.34 billion two weeks earlier.
+    A Federal Reserve spokesman told a press briefing that
+there were no large single day net misses in the Fed's reserve
+projections in the week to Wednesday.
+    He said that natural float had been "acting a bit
+strangely" for this time of year, noting that there had been
+poor weather during the latest week.
+    The spokesman said that natural float ranged from under 500
+mln dlrs on Friday, for which he could give no reason, to
+nearly one billion dlrs on both Thursday and Wednesday.
+    The Fed spokeman could give no reason for Thursday's high
+float, but he said that about 750 mln dlrs of Wednesday's
+float figure was due to holdover and transportation float at
+two widely separated Fed districts.
+    For the week as a whole, he said that float related as of
+adjustments were "small," adding that they fell to a negative
+750 mln dlrs on Tuesday due to a number of corrections for
+unrelated cash letter errors in six districts around the
+country.
+    The spokesman said that on both Tuesday and Wednesday, two
+different clearing banks had system problems and the securities
+and Federal funds wires had to be held open until about 2000 or
+2100 EST on both days.
+    However, he said that both problems were cleared up during
+both afternoons and there was no evidence of any reserve
+impact.
+    During the week ended Wednesday, 45 pct of net discount
+window borrowings were made by the smallest banks, with 30 pct
+by the 14 large money center banks and 25 pct by large regional
+institutions.
+    On Wednesday, 55 pct of the borrowing was accounted for by
+the money center banks, with 30 pct by the large regionals and
+15 pct by the smallest banks.
+    The Fed spokesman said the banking system had excess
+reserves on Thursday, Monday and Tuesday and a deficit on
+Friday and Wedndsday. That produced a small daily average
+deficit for the week as a whole.
+    For the two-week period, he said there were relatively high
+excess reserves on a daily avearge, almost all of which were at
+the smallest banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5653" NEWID="110">
+<DATE>26-FEB-1987 16:43:13.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0061&#31;reute
+u f BC-AMERICAN-EXPRESS-&lt;AXP   02-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS &lt;AXP> SEEN IN POSSIBLE SPINNOFF</TITLE>
+<AUTHOR>    By Patti Domm, Reuter</AUTHOR>
+<DATELINE>    New York, Feb 26 - </DATELINE><BODY>American Express Co remained silent on
+market rumors it would spinoff all or part of its Shearson
+Lehman Brothers Inc, but some analysts said the company may be
+considering such a move because it is unhappy with the market
+value of its stock.
+    American Express stock got a lift from the rumor, as the
+market calculated a partially public Shearson may command a
+good market value, thereby boosting the total value of American
+Express. The rumor also was accompanied by talk the financial
+services firm would split its stock and boost its dividend.
+    American Express closed on the New York Stock Exchange at
+72-5/8, up 4-1/8 on heavy volume.
+    American Express would not comment on the rumors or its
+stock activity.
+    Analysts said comments by the company at an analysts'
+meeting Tuesday helped fuel the rumors as did an announcement
+yesterday of management changes.
+    At the meeting, company officials said American Express
+stock is undervalued and does not fully reflect the performance
+of Shearson, according to analysts.
+    Yesterday, Shearson said it was elevating its chief
+operating officer, Jeffery Lane, to the added position of
+president, which had been vacant. It also created four new
+positions for chairmen of its operating divisions.
+    Analysts speculated a partial spinoff would make most
+sense, contrary to one variation on market rumors of a total
+spinoff.
+    Some analysts, however, disagreed that any spinoff of
+Shearson would be good since it is a strong profit center for
+American Express, contributing about 20 pct of earnings last
+year.
+    "I think it is highly unlikely that American Express is
+going to sell shearson," said Perrin Long of Lipper Analytical.
+He questioned what would be a better investment than "a very
+profitable securities firm."
+    Several analysts said American Express is not in need of
+cash, which might be the only reason to sell a part of a strong
+asset.
+    But others believe the company could very well of
+considered the option of spinning out part of Shearson, and one
+rumor suggests selling about 20 pct of it in the market.
+    Larry Eckenfelder of Prudential-Bache Securities said he
+believes American Express could have considered a partial
+spinoff in the past.
+    "Shearson being as profitable as it is would have fetched a
+big premium in the market place. Shearson's book value is in
+the 1.4 mln dlr range. Shearson in the market place would
+probably be worth three to 3.5 bilion dlrs in terms of market
+capitalization," said Eckenfelder.
+    Some analysts said American Express could use capital since
+it plans to expand globally.
+    "They have enormous internal growth plans that takes
+capital. You want your stock to reflect realistic valuations to
+enhance your ability to make all kinds of endeavors down the
+road," said E.F. Hutton Group analyst Michael Lewis.
+    "They've outlined the fact that they're investing heavily
+in the future, which goes heavily into the international
+arena," said Lewis. "...That does not preclude acquisitions and
+divestitures along the way," he said.
+    Lewis said if American Express reduced its exposure to the
+brokerage business by selling part of shearson, its stock might
+better reflect other assets, such as the travel related
+services business.
+    "It could find its true water mark with a lesser exposure
+to brokerage. The value of the other components could command a
+higher multiple because they constitute a higher percentage of
+the total operating earnings of the company," he said.
+     Lewis said Shearson contributed 316 mln in after-tax
+operating earnings, up from about 200 mln dlrs in 1985.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5654" NEWID="111">
+<DATE>26-FEB-1987 16:44:35.29</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0064&#31;reute
+b f BC-u.s.-money-supply-m-1   02-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. M-1 MONEY SUPPLY ROSE 2.1 BILLION DLRS</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>U.S. M-1 money supply rose 2.1 billion
+dlrs to a seasonally adjusted 736.7 billion dlrs in the
+February 16 week, the Federal Reserve said.
+    The previous week's M-1 level was revised to 734.6 billion
+dlrs from 734.2 billion dlrs, while the four-week moving
+average of M-1 rose to 735.0 billion dlrs from 733.5 billion.
+    Economists polled by Reuters said that M-1 should be
+anywhere from down four billion dlrs to up 2.3 billion dlrs.
+The average forecast called for a 300 mln dlr M-1 rise.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5655" NEWID="112">
+<DATE>26-FEB-1987 16:45:08.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0065&#31;reute
+w f BC-GENERAL-BINDING-&lt;GBND   02-26 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL BINDING &lt;GBND> IN MARKETING AGREEMENT</TITLE>
+<DATELINE>    MINNEAPOLIS, Feb 26 - </DATELINE><BODY>General Binding Corp said it reached
+a marketing agreement with Varitronic Systems Inc, a
+manufacturer and marketer of electronic lettering systems.
+    Under terms of the agreement, General Binding will carry
+Varitronics' Merlin Express Presentation Lettering System, a
+portable, battery-operated lettering system which produces type
+on adhesive-backed tape.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5656" NEWID="113">
+<DATE>26-FEB-1987 16:45:44.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0067&#31;reute
+r f BC-LIBERTY-ALL-STAR-&lt;USA   02-26 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBERTY ALL-STAR &lt;USA> SETS INITIAL PAYOUT</TITLE>
+<DATELINE>    WESTPORT, Conn., Feb 26 - </DATELINE><BODY>Liberty All-Star Equity Fund said
+it declared an initial dividend of five cts per share, payable
+April two to shareholders of record March 20.
+    It said the dividend includes a quarterly dividend of three
+cts a share and a special payout of two cts a share, which
+covers the period from November three, 1986, when the fund
+began operations, to December 31, 1986.
+    The fund said its quarterly dividend rate may fluctuate in
+the future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5657" NEWID="114">
+<DATE>26-FEB-1987 16:47:45.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0075&#31;reute
+r f BC-COCA-COLA-&lt;KO>-UNIT-A   02-26 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA COLA &lt;KO> UNIT AND WORLD FILM IN VENTURE</TITLE>
+<DATELINE>    NEW YORK, FEb 26 - </DATELINE><BODY>Coca-Cola Co's Entertainment Business
+Sector Inc unit said it formed a joint venture with an
+affiliate of World Film Services to acquire, produce and
+distribute television programming around the world.
+    World Film Services was formed by chairman John Heyman in
+1963 to produce films.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5658" NEWID="115">
+<DATE>26-FEB-1987 16:47:53.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0076&#31;reute
+r f BC-FORD-MOTOR-CREDIT-&lt;F>   02-26 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD MOTOR CREDIT &lt;F> TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    DEARBORN, MICH., Feb 26 - </DATELINE><BODY>Ford Motor Co said its Ford Motor
+Credit Co on April One will redeem 4.0 mln dlrs of its 8.70 pct
+debentures due April 1, 1999.
+    It said the debentures are redeemable at a price of 100 pct
+of the principal. Because April 1, 1987 is an interest payment
+date on the debentures, no accrued interest will be payable on
+the redemption date as part of the redemption proceeds.
+    Debentures will be selected for redemption on a pro rata
+basis, Ford said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5659" NEWID="116">
+<DATE>26-FEB-1987 16:48:02.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0077&#31;reute
+r f BC-STERLING-SOFTWARE-&lt;SS   02-26 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING SOFTWARE &lt;SSW> NOTE HOLDERS OK BUY</TITLE>
+<DATELINE>    DALLAS, Feb 26 - </DATELINE><BODY>Sterling Software Inc said it received
+consent of a majority of the holders of its eight pct
+convertible sernior subordinated debentures required to
+purchase shares of its common.
+    The company said it may now buy its stock at its discretion
+depending on market conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5660" NEWID="117">
+<DATE>26-FEB-1987 16:48:18.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0079&#31;reute
+d f BC-&lt;SCHULT-HOMES-CORP>-M   02-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SCHULT HOMES CORP> MAKES INITIAL STOCK OFFER</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Schult Homes Corp announced an initial
+public offering of 833,334 units at five dlrs per unit, said
+Janney Montgomery Scott Inc and Woolcott and Co, managing
+underwriters of the offering.
+    They said each unit consists of one common share and one
+warrant to buy one-half share of common.
+    The warrant will entitle holders to buy one-half common
+share at 5.50 dlrs per full share from March one, 1988, to
+September one, 1989, and thereafter at 6.50 dlrs per full share
+until March 1991, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5661" NEWID="118">
+<DATE>26-FEB-1987 16:48:26.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0080&#31;reute
+d f BC-FLUOR-&lt;FLR>-UNIT-GETS   02-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLUOR &lt;FLR> UNIT GETS CONSTRUCTION CONTRACT</TITLE>
+<DATELINE>    IRVINE, Calif., Feb 26 - </DATELINE><BODY>Fluor Corp said its Fluor Daniel
+unit received a contract from Union Carbide Corp &lt;UK> covering
+design, procurement and construction of a 108 megawatt combined
+cycle cogeneration facility in Seadrift, Texas.
+    The value of the contract was not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5662" NEWID="119">
+<DATE>26-FEB-1987 16:48:35.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0082&#31;reute
+d f BC-SUFFIELD-FINANCIAL-CO   02-26 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUFFIELD FINANCIAL CORP &lt;SFCP> SELLS STOCK</TITLE>
+<DATELINE>    SUFFIELD, Conn., Feb 26 - </DATELINE><BODY>Suffield Financial Corp said  
+Jon Googel and Benjamin Sisti of Colonial Realty, West
+Hartford, Conn., purchased 175,900 shares of its stock for
+3,416,624.
+    The company said the purchase equals 5.2 pct of its
+outstanding shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5663" NEWID="120">
+<DATE>26-FEB-1987 16:48:40.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0083&#31;reute
+h f BC-&lt;HIGH-POINT-FINANCIAL   02-26 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;HIGH POINT FINANCIAL CORP> SETS OFFERING</TITLE>
+<DATELINE>    BRANCHVILLE, N.J., Feb 26 - </DATELINE><BODY>&lt;High Point Financial Corp>
+said it filed a registration statement with the Securities and
+Exchange Commission covering six mln dlrs principal amount of
+redeemable subordinated debentures due March one and
+cancellable mandatory stock purchase contracts requiring the
+purchase of 6.66 mln dlrs in common no later than March one.
+    It said the offering will be underwritten by Ryan, Beck and
+Co, West Orange, N.J.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5664" NEWID="121">
+<DATE>26-FEB-1987 16:48:55.38</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G L
+&#22;&#22;&#1;f0084&#31;reute
+d f BC-CHINESE-PORK-OUTPUT-S   02-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINESE PORK OUTPUT SEEN LOWER -- USDA</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>High feed prices will cause the
+Chinese to reduce hog herd growth and pork production this
+year, the U.S. Agriculture Department said.
+    In its World Production and Trade Report, the department
+said hog numbers at the start of 1987 were estimated at 331.6
+mln head, up slightly from 1986, and 10 mln head above earlier
+projections for 1987.
+    Pork production in 1986 was up 4.2 pct to 17.25 mln tonnes,
+slightly below earlier estimates, it said.
+    For 1987, production is projected to fall to 17.05 mln
+tonnes.
+    Feed prices at the end of January were reported 35 to 40
+pct above year-ago levels, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5665" NEWID="122">
+<DATE>26-FEB-1987 16:50:26.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0088&#31;reute
+w f BC-LANDMARK-BANCSHARES-&lt;   02-26 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANDMARK BANCSHARES &lt;LBC> TO BE LISTED ON NYSE</TITLE>
+<DATELINE>    ST. LOUIS, Feb 26 - </DATELINE><BODY>Landmark Bancshares Corp said it
+expects its stock to begin trading on March 26 on the New York
+Stock Exchange.
+    The company, whose stock has traded on the American Stock
+Exchange since November 1984, said it will retain its symbol,
+LBC, when trading begins on the Big Board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5666" NEWID="123">
+<DATE>26-FEB-1987 16:57:27.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0104&#31;reute
+u f BC-IVACO-SEES-MINIMAL-FI   02-26 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IVACO SEES MINIMAL FIRST QUARTER EARNINGS</TITLE>
+<DATELINE>    MONTREAL, Feb 26 - </DATELINE><BODY>(Ivaco Inc) said price pressure on steel
+products, particularly in the U.S., and the recent increase in
+the value of the Canadian dollar is expected to result in
+"minimal" first quarter earnings.
+    It said subsequent quarters should show substantial
+improvement from first quarter levels but 1987 earnings will
+not reach 1986 levels as long as those conditions continue.
+     Ivaco earlier reported 1986 profit rose to 44.1 mln dlrs,
+after a one mln dlr extraordinary gain, from 35.1 mln dlrs the
+previous year. It said demand for the company's products are
+continuing at high levels and sales are expected to show
+further growth. Revenues last year rose to 1.94 billion dlrs
+from 1.34 billion dlrs in 1985.       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5667" NEWID="124">
+<DATE>26-FEB-1987 16:58:09.48</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0109&#31;reute
+d f BC-grain-carloadings   02-26 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GRAIN CARLOADINGS FALL IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>U.S. grain carloadings totaled 26,108
+cars in the week ended February 21, down 2.2 pct from the
+previous week but 22.8 pct above the corresponding week a year
+ago, the Association of American Railroads reported.
+    Grain mill product loadings in the week totalled 11,382
+cars, down 1.8 pct from the previous week but 7.6 pct above the
+same week a year earlier, the association said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5668" NEWID="125">
+<DATE>26-FEB-1987 16:59:25.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0116&#31;reute
+d f BC-WRATHER   02-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG FIRM UPS WRATHER&lt;WCO> STAKE TO 11 PCT</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Industrial Equity (Pacific) Ltd, a
+Hong Kong investment firm, said it raised its stake in Wrather
+Corp to 816,000 shares, or 11.3 pct of the total outstanding
+common stock, from 453,300 shares, or 6.3 pct.
+    In a filing with the Securities and Exchange Commission,
+Industrial Equity, which is principally owned by Brierley
+Investments Ltd, a publicly held New Zealand company, said it
+bought 362,700 Wrather common shares between Feb 13 and 24 for
+6.6 mln dlrs.
+    When it first disclosed its stake in Wrather earlier this
+month, it said it bought the stock for investment purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5669" NEWID="126">
+<DATE>26-FEB-1987 16:59:41.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0117&#31;reute
+u f BC-COLECO-INDUSTRIES-INC   02-26 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLECO INDUSTRIES INC &lt;CLO> 4TH QTR</TITLE>
+<DATELINE>    WEST HARTFORD, Conn., FEb 26 -
+    </DATELINE><BODY>Shr loss 6.48 DLS VS PROFIT 23 CTS
+    Net loss 110.6 mln vs profit 4.1 mln
+    Revs 74.0 mln vs 152.0 mln
+    Year
+    Shr loss 6.52 dlrs vs profit 3.87 dlrs
+    net loss 111.2 mln vs profit 64.2 mln
+    Revs 501.0 mln vs 776.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5670" NEWID="127">
+<DATE>26-FEB-1987 17:00:56.04</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0119&#31;reute
+u f BC-DIAMOND-SHAMROCK-(DIA   02-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND SHAMROCK (DIA) CUTS CRUDE PRICES</TITLE>
+<DATELINE>    NEW YORK, FEB 26 - </DATELINE><BODY>Diamond Shamrock Corp said that
+effective today it had cut its contract prices for crude oil by
+1.50 dlrs a barrel.
+    The reduction brings its posted price for West Texas
+Intermediate to 16.00 dlrs a barrel, the copany said.
+    "The price reduction today was made in the light of falling
+oil product prices and a weak crude oil market," a company
+spokeswoman said.
+    Diamond is the latest in a line of U.S. oil companies that
+have cut its contract, or posted, prices over the last two days
+citing weak oil markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5671" NEWID="128">
+<DATE>26-FEB-1987 17:01:28.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0121&#31;reute
+u f BC-LIEBERT-CORP-&lt;LIEB>-A   02-26 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIEBERT CORP &lt;LIEB> APPROVES MERGER</TITLE>
+<DATELINE>    COLUMBUS, Ohio, Feb 26 - </DATELINE><BODY>Liebert Corp said its shareholders
+approved the merger of a wholly-owned subsidiary of Emerson
+Electric Co &lt;EMR>.
+    Under the terms of the merger, each Liebert shareholder
+will receive .3322 shares of Emerson stock for each Liebert
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5672" NEWID="129">
+<DATE>26-FEB-1987 17:02:22.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0125&#31;reute
+b f BC-******NORTHERN-TELECO   02-26 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NORTHERN TELECOM PROPOSES TWO-FOR-ONE STOCK SPLIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5673" NEWID="130">
+<DATE>26-FEB-1987 17:05:08.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0132&#31;reute
+u f BC-COLECO-INDUSTRIES-&lt;CL   02-26 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLECO INDUSTRIES &lt;CLC> SEES PROFIT IN 1987</TITLE>
+<DATELINE>    WEST HARTFORD, Conn., FEb 26 - </DATELINE><BODY>Coleco Industries Inc said
+it expects to return to profitability in 1987.
+    Earlier, Coleco reported a net loss of 111.2 mln dlrs for
+the year ended December 31 compared to a profit of 64.2 mln
+dlrs in the year earlier.
+    In a prepared statement, the company said the dramatic
+swing in operating results was due primarily to the steep
+decline in sales of Cabbage Patch Kids products from 600 mln
+dlrs to 230 mln dlrs.
+    Coleco said it changed from a single product company to a
+more diversified organization through four major acquisitions
+last year.
+    Products from the new acquisitions and other new product
+introductions are expected to enable it to return to
+profitability, it said.
+    At the annual Toy Fair earlier this month, vice president
+Morton Handel said analysts' 1987 projected earnings of 90 cts
+a share on sales of 600 mln dlrs are reasonable.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5674" NEWID="131">
+<DATE>26-FEB-1987 17:06:06.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0135&#31;reute
+r f BC-OLIN-CORP-&lt;OLM>-TO-EL   02-26 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIN CORP &lt;OLM> TO ELECT NEW CEO IN APRIL</TITLE>
+<DATELINE>    STAMFORD, Conn., Feb 26 - </DATELINE><BODY>Olin Corp said its board will
+elect in April John Johnstone Jr as its chief executive
+officer.
+    The company said he will succeed John M Henske, who is also
+chairman. It said Johnstone, 54, is now president and chief
+operating officer.
+    Henske, 53, has served as CEO since 1978 and chairman since
+1980. He will continue as chairman until his retirement in June
+1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5675" NEWID="132">
+<DATE>26-FEB-1987 17:07:18.66</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0139&#31;reute
+b f BC-FEDERAL-RESERVE-WEEKL   02-26 0099</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FEDERAL RESERVE WEEKLY REPORT 1 - FEB 26
+    Two weeks ended Feb 25      daily avgs-mlns
+ Net free reserves.............644 vs.....1,337
+ Bank borrowings...............680 vs.......425
+ Including seasonal loans.......81 vs........56
+ Including extended loans......299 vs.......265
+ Excess reserves.............1,025 vs.....1,497
+ Required reserves (adj)....55,250 vs....55,366
+ Required reserves..........55,513 vs....56,208
+ Total reserves.............56,538 vs....57,705
+ Non-borrowed reserves......55,859 vs....57,281
+ Monetary base.............244,199 vs...244,925
+                         
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5676" NEWID="133">
+<DATE>26-FEB-1987 17:07:44.45</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0141&#31;reute
+b f BC-FEDERAL-RESERVE-WEEKL   02-26 0095</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FEDERAL RESERVE WEEKLY REPORT 2 - FEB 26
+     Two weeks ended Feb 25                    
+ Total vault cash...........25,237 vs....27,327
+ Inc cash equal to req res..22,834 vs....24,680
+     One week ended Feb 25      Daily avgs-Mlns
+ Bank borrowings...............614 down.....131
+ Including seasonal loans.......88 up........14
+ Including extended loans......304 up........10
+ Float.........................511 down.....320
+ Balances/adjustments........2,101 down......67
+ Currency..................206,490 down.....519
+ Treasury deposits...........4,208 down......63
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5677" NEWID="134">
+<DATE>26-FEB-1987 17:08:27.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0143&#31;reute
+d f BC-GULF-APPLIED-TECHNOLO   02-26 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF APPLIED TECHNOLOGIES &lt;GATS> SELLS UNITS</TITLE>
+<DATELINE>    HOUSTON, Feb 26 - </DATELINE><BODY>Gulf Applied Technologies Inc said it
+sold its subsidiaries engaged in pipeline and terminal
+operations for 12.2 mln dlrs.
+    The company said the sale is subject to certain post
+closing adjustments, which it did not explain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5678" NEWID="135">
+<DATE>26-FEB-1987 17:09:47.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0146&#31;reute
+r f BC-ROBESON   02-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT GROUP RAISES ROBESON &lt;RBSN> STAKE</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>A group of affiliated Miami-based
+investment firms led by Fundamental Management Corp said it
+raised its stake in Robeson Industries Corp to 238,000 shares,
+or 14.6 pct of the total, from 205,000 or 12.8 pct.
+    In a filing with the Securities and Exchange Commission,
+the group said it bought 32,800 Robeson common shares between
+Jan 26 and Feb 9 for 175,691 dlrs.
+    The group said it may buy more shares and plans to study
+Robeson's operations. Afterwards it may recommend that
+management make changes in its operations. Fundamental
+Management Chairman Carl Singer was recently elected to the
+Robeson board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5679" NEWID="136">
+<DATE>26-FEB-1987 17:11:01.51</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0148&#31;reute
+d f BC-GAO-LIKELY-TO-SHOW-CE   02-26 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAO LIKELY TO SHOW CERTS MORE COSTLY THAN CASH</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>A study on grain certificates due out
+shortly from the Government Accounting Office (GAO) could show
+that certificates cost the government 10 to 15 pct more than
+cash outlays, administration and industry sources said.
+    Analysis that the GAO has obtained from the Agriculture
+Department and the Office of Management and Budget suggests
+that certificates cost more than cash payments, a GAO official
+told Reuters.
+    GAO is preparing the certificate study at the specific
+request of Sen. Jesse Helms (R-N.C.), former chairman of the
+senate agriculture committee.
+    The report, which will focus on the cost of certificates
+compared to cash, is scheduled to be released in mid March.
+    The cost of certificates, said the GAO source, depends on
+the program's impact on the USDA loan program.
+    If GAO determines that certificates encourage more loan
+entries or cause more loan forfeitures, then the net cost of
+the program would go up. However, if it is determined that
+certificates have caused the government grain stockpile to
+decrease, the cost effect of certificates would be less.
+    GAO will not likely suggest whether the certificates
+program should be slowed or expanded, the GAO official said.
+    But a negative report on certificates "will fuel the fire
+against certificates and weigh heavily on at least an increase
+in the certificate program," an agricultural consultant said.
+    The OMB is said to be against any expansion of the program,
+while USDA remains firmly committed to it.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5680" NEWID="137">
+<DATE>26-FEB-1987 17:11:26.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0150&#31;reute
+u f BC-venezuela-seeks-flexi   02-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>Venezuela seeks 'flexibility' from banks-azpurua</TITLE>
+<DATELINE>     Caracas, feb 26 - </DATELINE><BODY>venezuela is seeking a 'constructive and
+flexible' attitude from its creditor banks in current talks to
+reschedule 21 billion dlrs in foreign debt, finance minister
+manuel azpurua told a press conference.
+    He declined to comment on meetings this week in new york
+between public finances director jorge marcano and venezuela's
+13-bank advisory committee except to say, "they are
+progressing."
+    Azpurua said venezuela has shown solidarity with brazil's
+decision to suspend payments, but each country must negotiate
+according to its own interest.
+    Asked to comment on chile's agreement with its creditors
+today, which includes an interest rate margin of one pct over
+libor, azpurua said only, "that is good news."
+    According to banking sources, the banks' latest offer to
+venezuela is also a one pct margin as against the last
+february's 1-1/8 pct rescheduling accord and the 7/8 pct
+Venezuela wants.
+    Azpurua said four basic elements are being negotiated with
+the banks now: spread reduction, deferral of principal payments
+due in 1987 and 1988, lenghtening the 12-1/2 year repayment
+schedule, and debt capitalization schemes.
+    Azpurua said the governent plans to pay 2.1 billion dlrs in
+public and private debt principal this year. It was due to
+amortize 1.05 billion dlrs under the rescheduling, and pay 420
+mln dlrs in non-restructured principal, both public sector.
+    He said venezuela's original proposal was to pay no
+principal on restructured debt this year, but is now insisting
+that if it makes payments they be compensated by new bank
+loans.
+    The banking sources said the committee has been prepared to
+lower amortizations to around 400 mln dlrs this year, but that
+no direct commitment was likely on new loans.
+    "debtors and bank creditors have a joint responsibility and
+there will be no lasting solution unless a positive flow of
+financing is guaranteed," azpurua said.
+    However, he appeared to discard earlier venezuelan
+proposals for a direct link between oil income and debt
+payments, "because circumstances change too quickly."
+    At the same time, he said the government is presently
+studying possible mechanisms for capitlizing public and private
+sector foreign debt, based on experience in other countries.
+The rules would be published by the finance ministry and the
+central bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5681" NEWID="138">
+<DATE>26-FEB-1987 17:24:42.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0164&#31;reute
+d f BC-DAHLBERG-INC-&lt;DAHL>-4   02-26 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAHLBERG INC &lt;DAHL> 4TH QTR NET</TITLE>
+<DATELINE>    GOLDEN VALLEY, MINN., Feb 26 -
+    </DATELINE><BODY>Shr profit 10 cts vs loss seven cts
+    Net profit 286,870 vs loss 156,124
+    Revs 10.0 mln vs 7,577,207
+    Year
+    Shr profit five cts vs profit 42 cts
+    Net profit 160,109 vs profit 906,034
+    Revs 38.1 mln vs 31.2 mln
+    Avg shrs 2.9 mln vs 2.2 mln
+    NOTE: 1986 year includes 53 weeks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5682" NEWID="139">
+<DATE>26-FEB-1987 17:32:15.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0178&#31;reute
+r f BC-CITY-NATIONAL-CORP-&lt;C   02-26 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITY NATIONAL CORP &lt;CTYN> RAISES DIVIDEND</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., Feb 26 -
+    </DATELINE><BODY>Shr 16 cts vs 13 cts
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5683" NEWID="140">
+<DATE>26-FEB-1987 17:32:49.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0182&#31;reute
+r f BC-&lt;PAGE-PETROLEUM-LTD>   02-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PAGE PETROLEUM LTD> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, Feb 26 -
+    </DATELINE><BODY>Shr loss 1.98 dlrs vs loss 5.24 dlrs
+    Net loss 23.3 mln vs loss 44.8 mln
+    Revs 13.6 mln vs 29.6 mln
+    Note: 1986 net includes nine mln dlr extraordinary loss for
+oil and gas writedowns and unrealized foreign exchange losses
+vs yr-ago loss of 32.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5684" NEWID="141">
+<DATE>26-FEB-1987 17:33:05.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0184&#31;reute
+r f BC-THOMSON-MCKINNON-UNIT   02-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMSON MCKINNON UNIT'S CMO OFFERING PRICED</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Thomson McKinnon Mortgage Assets Corp, a
+unit of Thomson McKinnon Inc, is offering 100 mln dlrs of
+collateralized mortgage obligations in three tranches that
+include floating rate and inverse floating rate CMOS.
+    The floating rate class amounts to 60 mln dlrs. It has an
+average life of 7.11 years and matures 2018. The CMOs have an
+initial coupon of 7.0375 pct, which will be reset 60 basis
+points above LIBOR, said sole manager Thomson McKinnon.
+    The inverse floater totals 4.8 mln dlrs. It has an average
+life of 13.49 years and matures 2018. These CMOs were given an
+initial coupon of 11-1/2 pct and priced at 104.40.
+    Subsequent rates on the inverse floater will equal 11-1/2
+pct minus the product of three times (LIBOR minus 6-1/2 pct).
+    A Thomson officer explained that the coupon of the inverse
+floating rate tranche would increase if LIBOR declined. "The
+yield floats opposite of LIBOR," he said.
+    The fixed-rate tranche totals 35.2 mln dlrs. It has an
+average life of 3.5 years and matures 2016. The CMOs were
+assigned a 7.65 pct coupon and par pricing.
+    The issue is rated AAA by Standard and Poor's and secured
+by Federal Home Loan Mortgage Corp, Freddie Mac, certificates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5685" NEWID="142">
+<DATE>26-FEB-1987 17:33:25.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0186&#31;reute
+d f BC-IDB-COMMUNICATIONS-GR   02-26 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDB COMMUNICATIONS GROUP INC &lt;IDBX> YEAR NET</TITLE>
+<DATELINE>    LOS ANGELES, Feb 26 - </DATELINE><BODY>Period ended December 31.
+    Shr 25 cts vs 20 cts
+    Net 801,000 vs 703,000
+    Revs 6,318,000 vs 3,926,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5686" NEWID="143">
+<DATE>26-FEB-1987 17:33:29.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0187&#31;reute
+s f BC-ARMOR-ALL-PRODUCTS-CO   02-26 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMOR ALL PRODUCTS CORP &lt;ARMR> QUARTERLY DIV</TITLE>
+<DATELINE>    SAN FRANCISCO, Feb 26 -
+    </DATELINE><BODY>Qtly div ten cts vs ten cts
+    Pay April 1
+    Record March 9
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5687" NEWID="144">
+<DATE>26-FEB-1987 17:34:11.89</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0189&#31;reute
+r f BC-/OPEC-MAY-HAVE-TO-MEE   02-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC MAY HAVE TO MEET TO FIRM PRICES - ANALYSTS</TITLE>
+<AUTHOR>    BY TED D'AFFLISIO, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>OPEC may be forced to meet before a
+scheduled June session to readdress its production cutting
+agreement if the organization wants to halt the current slide
+in oil prices, oil industry analysts said.
+    "The movement to higher oil prices was never to be as easy
+as OPEC thought. They may need an emergency meeting to sort out
+the problems," said Daniel Yergin, director of Cambridge Energy
+Research Associates, CERA.
+    Analysts and oil industry sources said the problem OPEC
+faces is excess oil supply in world oil markets.
+    "OPEC's problem is not a price problem but a production
+issue and must be addressed in that way," said Paul Mlotok, oil
+analyst with Salomon Brothers Inc.
+    He said the market's earlier optimism about OPEC and its
+ability to keep production under control have given way to a
+pessimistic outlook that the organization must address soon if
+it wishes to regain the initiative in oil prices.
+    But some other analysts were uncertain that even an
+emergency meeting would address the problem of OPEC production
+above the 15.8 mln bpd quota set last December.
+    "OPEC has to learn that in a buyers market you cannot have
+deemed quotas, fixed prices and set differentials," said the
+regional manager for one of the major oil companies who spoke
+on condition that he not be named. "The market is now trying to
+teach them that lesson again," he added.
+    David T. Mizrahi, editor of Mideast reports, expects OPEC
+to meet before June, although not immediately. However, he is
+not optimistic that OPEC can address its principal problems.
+    "They will not meet now as they try to take advantage of the
+winter demand to sell their oil, but in late March and April
+when demand slackens," Mizrahi said.
+    But Mizrahi said that OPEC is unlikely to do anything more
+than reiterate its agreement to keep output at 15.8 mln bpd."
+    Analysts said that the next two months will be critical for
+OPEC's ability to hold together prices and output.
+    "OPEC must hold to its pact for the next six to eight weeks
+since buyers will come back into the market then," said Dillard
+Spriggs of Petroleum Analysis Ltd in New York.
+    But Bijan Moussavar-Rahmani of Harvard University's Energy
+and Environment Policy Center said that the demand for OPEC oil
+has been rising through the first quarter and this may have
+prompted excesses in its production.
+    "Demand for their (OPEC) oil is clearly above 15.8 mln bpd
+and is probably closer to 17 mln bpd or higher now so what we
+are seeing characterized as cheating is OPEC meeting this
+demand through current production," he told Reuters in a
+telephone interview.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5688" NEWID="145">
+<DATE>26-FEB-1987 17:34:23.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0190&#31;reute
+r f BC-CENERGY-&lt;CRG>-REPORTS   02-26 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENERGY &lt;CRG> REPORTS 4TH QTR NET PROFIT</TITLE>
+<DATELINE>    DALLAS, Feb 26 - </DATELINE><BODY>Cenergy Corp reported fourth quarter net
+income of 790,000 dlrs or seven cts per share on revenues of
+7.7 mln dlrs.
+    For the year it reported a net loss of 6.5 mln dlrs or 70
+cts per share as a result of writedowns in the book value of
+its oil and gas properties in the first two quarters. Revenues
+were 37 mln dlrs.
+    Following the company's fiscal year ended March 31, 1985,
+it changed to a calender year end.
+    For the nine months ended Dec 31, 1985, it reported a loss
+of 63.4 mln dlrs or 6.54 dlrs per share on revenues of 47.6 mln
+dlrs, which it said was a result of noncash writedowns of oil
+and gas properties.
+    For the year ended March 31, 1985, Cenergy reported net
+income of 3,705,000 dlrs or 36 cts per share on revenues of 71
+mln dlrs.
+    The company said its reserves during the year fell to five
+mln barrels from 6.4 mln barrels of oil and to 60.1 bilion
+cubic feet of gas from 63.7 BCF. It said these reserves did not
+disappear but are available to produce as prices recover.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5689" NEWID="146">
+<DATE>26-FEB-1987 17:34:40.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0192&#31;reute
+u f BC-NORTHERN-TELECOM-LTD   02-26 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN TELECOM LTD &lt;NT> DECLARES STOCK SPLIT</TITLE>
+<DATELINE>    Toronto, Feb 26 -
+    </DATELINE><BODY>Two-for-one stock split
+    Pay May 12
+    Note: split is subject to approval of shareholders at April
+23 annual meeting.
+    Company also said it will increase dividend on post-split
+shares to six cts from five cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5690" NEWID="147">
+<DATE>26-FEB-1987 17:34:45.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0193&#31;reute
+r f BC-TORCHMARK-&lt;TMK>-AUTHO   02-26 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORCHMARK &lt;TMK> AUTHORIZES STOCK REPURCHASE</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., Feb 26 - </DATELINE><BODY>Torchmark Corp said its board
+authorized the purchase from time to time of a significant
+portion of its 7-3/4 pct convertible subordinated debentures.
+As of February 25, it said there were outstanding 150 mln dlrs
+of the principal amount of debenures.
+    The company also said it plans to redeem the debentures on
+June eight.
+    It also declared a regular quarterly dividend of 25 cts per
+share on its common payable May one to shareholders of record
+April 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5691" NEWID="148">
+<DATE>26-FEB-1987 17:34:52.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0194&#31;reute
+r f BC-PAINEWEBBER-GROUP-&lt;PW   02-26 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAINEWEBBER GROUP &lt;PWJ> TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Painewebber Group Inc said it will
+redeem all its outstanding 8-1/4 pct convertible subordinated
+debentures due 2008.
+    It said it will redeem all the debentures for 1,060.50 dlrs
+plus accrued interest to the redemption date of March 30. The
+notes can be converted into common stock at a price of 42.35
+dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5692" NEWID="149">
+<DATE>26-FEB-1987 17:35:19.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0197&#31;reute
+d f BC-R.P.-SCHERER-&lt;SCHC>-S   02-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>R.P. SCHERER &lt;SCHC> SETS PREFERRED STOCK OFFER</TITLE>
+<DATELINE>    TROY, MICH., Feb 26 - </DATELINE><BODY>R.P. Scherer Inc said it registered
+with the Securities and Exchange Commission a proposed public
+offering of 1.2 mln shares of convertible exchangeable
+preferred stock at 25 dlrs a share.
+    In addition, the company said it is offering 200,000
+preferred shares to Richard Manoogian, a Scherer director at 25
+dlrs a share. Manoogian said he will buy the 200,000 shares.
+    Proceeds from the offering will be used to repay debt and
+to fund research and development, it said.
+    Underwriters are led by Goldman, Sachs and Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5693" NEWID="150">
+<DATE>26-FEB-1987 17:35:52.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0201&#31;reute
+d f BC-PARLUX-FRANGRANCES-CO   02-26 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARLUX FRAGRANCES COMPLETES INITIAL OFFERING</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>&lt;Parlux Fragrances Inc> said it
+completed the offering of 420,000 unis at 10 dlrs each through
+underwriters R.C. Stamm and Co and Rosenkrantz Lyon and Ross
+Inc.
+    Each unit consists of two shares of common stock and one
+redeemable warrant, which entitles the holder to buy an
+additional common share for six dlrs between Feb 26, 1988 and
+Feb 26, 1992.
+    The company creates and markets fragrances and beauty
+products, including the "Anne Klein" line, through department
+and specialty stores.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5694" NEWID="151">
+<DATE>26-FEB-1987 17:35:59.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0202&#31;reute
+h f BC-TECHAMERICA-GROUP-INC   02-26 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHAMERICA GROUP INC &lt;TCH> 4TH QTR LOSS</TITLE>
+<DATELINE>    ELWOOD, KAN., Feb 26 -
+    </DATELINE><BODY>Shr loss six cts vs not available
+    Net loss 562,231 vs profit 10,253
+    Revs 8,871,874 vs 9,549,308
+    Year
+    Shr loss 60 cts vs loss nine cts
+    Net loss 5,058,145 vs loss 766,185
+    Revs 34.3 mln vs 35.5 mln
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5695" NEWID="152">
+<DATE>26-FEB-1987 17:36:04.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0203&#31;reute
+s f BC-WILFRED-AMERICAN-EDUC   02-26 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILFRED AMERICAN EDUCATIONAL &lt;WAE> REGULAR DIV</TITLE>
+<DATELINE>    NEW YORK, Feb 26 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay April three
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5696" NEWID="153">
+<DATE>26-FEB-1987 17:36:22.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0204&#31;reute
+r f BC-EPSILON-DATA   02-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DREXEL OFFICIAL HAS STAKE IN EPSILON DATA &lt;EPSI></TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>A senior official of Drexel Burnham
+Lambert Inc and his father told the Securities and Exchange
+Commission they have acquired 258,591 shares of Epsilon Data
+Management Inc, or 9.4 pct of the total outstanding.
+    Kenneth Thomas, senior vice president-investments at
+Drexel's Los Angeles office, and his father, retired university
+professor C.A. Thomas, said they bought the stake for 2.1 mln
+dlrs primarily for investment purposes.
+    They said they may buy more stock or sell some or all of
+their stake, depending on market conditions, but have no plans
+to seek control of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5697" NEWID="154">
+<DATE>26-FEB-1987 17:36:45.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0205&#31;reute
+d f BC-PROPOSED-OFFERINGS   02-26 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Bio-Technology General Corp &lt;BTGC> - Offering of 25 mln
+dlrs of convertible senior subordinated notes due March 1997
+through Drexel Burnham Lambert Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5698" NEWID="155">
+<DATE>26-FEB-1987 17:37:22.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0208&#31;reute
+d f BC-VARIAN-&lt;VAR>,-SIEMENS   02-26 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARIAN &lt;VAR>, SIEMENS FORM JOINT VENTURE</TITLE>
+<DATELINE>    PALO ALTO, Calif., Feb 26 - </DATELINE><BODY>Varian Associates Inc and
+&lt;Siemens A.G.> said they signed a letter of intent to form and
+jointly operate a nuclear magnetic resonance imaging
+spectroscopy business in Fremont, Calif.
+    The systems are smaller than magnetic resonance imaging
+equipment currently used in clinical examinations, the
+companies said.
+    They also said the products resulting from the venture are
+intended for use in small animal research, certain limited
+medical research and materials testing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5699" NEWID="156">
+<DATE>26-FEB-1987 17:37:57.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0210&#31;reute
+r f BC-DU-PONT-&lt;DD>-WINS-SUI   02-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DU PONT &lt;DD> WINS SUIT AGAINST PHILLIPS &lt;P></TITLE>
+<DATELINE>    WILMINGTON, Del., Feb 26 - </DATELINE><BODY>Du Pont Co said the U.S.
+District Court for Delaware ruled that Phillips Petroleum Co
+had infringed on its patent covering certain melt-processable
+ethylene copolymer resins and polyethylene pipe systems.
+    It also said the court ruled that Phillips infringed on
+various claims of its patent and enjoined Phillips from making,
+selling, or using any products covered by the patents.
+    It said the court ordrered an accounting to determine
+damages due for past infringement by Phillips.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5700" NEWID="157">
+<DATE>26-FEB-1987 17:38:47.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0214&#31;reute
+d f BC-&lt;NOVA>-WINS-GOVERNMEN   02-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NOVA> WINS GOVERNMENT OKAY FOR HUSKY &lt;HYO> DEAL</TITLE>
+<DATELINE>    CALGARY, Alberta, Feb 26 - </DATELINE><BODY>Nova, the Canadian company that
+owns 56 pct of Husky Oil Ltd, said it received government
+approval for a transaction under which &lt;Union Faith Canada
+Holding Ltd> would buy a 43 pct stake in Husky.
+    Nova said the Minister of Regional and Industrial
+Expansion, Michel Cote, ruled that Union Faith's purchase of
+the Husky stake would not result in Husky ceding control to a
+non-Canadian company. It said this ruling was a key condition
+in completing the deal.
+    Union Faith is equally owned by &lt;Hutchison Whampoa Ltd> and
+&lt;Hong Kong Electric Holdings Ltd>.
+    Under the agreement with Union Faith, Husky will become a
+private company with Union Faith and Nova each holding 43 pct
+of its stock.
+    Nine pct of Husky would be owned by relatives of Li
+Ka-Shing, chairman of Hutchison, and five pct by the Canadian
+Imperial Bank of Commerice.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5701" NEWID="158">
+<DATE>26-FEB-1987 17:41:08.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0220&#31;reute
+d f BC-PRESIDENTIAL-AIRWAYS   02-26 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDENTIAL AIRWAYS &lt;PAIR> PACT APPROVED</TITLE>
+<DATELINE>    WASHINGTON, FEB 26 - </DATELINE><BODY>Presidential Airways Inc said its
+joint marketing and services agreement with Texas Air Corp's
+&lt;TXN> Continental Airlines unit was approved by the U.S.
+Department of Justice.
+    According to the agreement, Presidential Airways will
+operate scheduled service under the name "Continental Express."
+The company, however, will remain independent.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5702" NEWID="159">
+<DATE>26-FEB-1987 17:42:11.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0223&#31;reute
+r f BC-ARMY-TO-RENEGOTIATE-I   02-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMY TO RENEGOTIATE ITT &lt;ITT> RADIO CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The Army said it will renegotiate a
+400 mln dlr contract with ITT Corp for jam-proof field radios
+after recent tests indicated the radios will work properly.
+    Full production of 44,600 of the Single Channel Ground and
+Airborne Radio System (SINCGARS) sets has been delayed since
+the contract was let in 1983. The radios did not meet
+specifications of operating for 1,250 hours before failing.
+    The Army said recent tests have indicated better
+reliability and that the contract will be renegotiated.
+ REUTERS
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5703" NEWID="160">
+<DATE>26-FEB-1987 17:43:30.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0231&#31;reute
+r f BC-POTOMAC-ELECTRIC-POWE   02-26 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POTOMAC ELECTRIC POWER CO &lt;POM> JANUARY NET</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 -
+    </DATELINE><BODY>Oper shr 27 cts vs 29 cts
+    Oper net 13.5 mln vs 14.6 mln
+    Revs 104.6 mln vs 110.3 mln
+    12 mths
+    Oper shr 4.10 dlrs vs 3.66 dlrs
+    Oper net 205 mln vs 186.8 mln
+    Revs 1.4 billion vs 1.3 billion
+    NOTE: 1986 12 mths oper net excludes extraordinary gain of
+21.7 mln dlrs or 46 cts per share from sale of Virginia service
+territory to Virginia Power.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5704" NEWID="161">
+<DATE>26-FEB-1987 17:43:44.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0233&#31;reute
+r f BC-TORCHMARK-&lt;TMK>-SELLS   02-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORCHMARK &lt;TMK> SELLS SINKING FUND DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Torchmark Corp is raising 200 mln dlrs
+through an offering of sinking fund debentures due 2017
+yielding 8.65 pct, said lead manager First Boston Corp.
+    The debentures have an 8-5/8 pct coupon and were priced at
+99.73 to yield 100 basis points over the off-the-run 9-1/4 pct
+Treasury bonds of 2016.
+    Non-refundable for 10 years, the issue is rated A-2 by
+Moody's and AA by Standard and Poor's.
+    A sinking fund starts in 1998 to retire 76 pct of the
+debentures by maturity, giving them an estimated maximum life
+of 22.4 years. Merrill Lynch co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5705" NEWID="162">
+<DATE>26-FEB-1987 17:43:59.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0235&#31;reute
+h f BC-SUFFIELD-FINANCIAL-&lt;S   02-26 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUFFIELD FINANCIAL &lt;SSBK> GETS FED APPROVAL</TITLE>
+<DATELINE>    SUFFIELD, Conn., Feb 26 - </DATELINE><BODY>Suffield Financial Corp said the
+Federal Reserve Board approved its application to acquire
+Coastal Bancorp &lt;CSBK>, Portland, Me.
+    Suffield said it still needs the approval of the
+superintendent of Maine's banking department.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5706" NEWID="163">
+<DATE>26-FEB-1987 17:44:04.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0236&#31;reute
+s f BC-AFG-INDUSTRIES-INC-&lt;A   02-26 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFG INDUSTRIES INC &lt;AFG> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    IRVINE, Calif., Feb 26 -
+    </DATELINE><BODY>Qtly div four cts vs four cts
+    Pay April 3
+    Record March 23
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5707" NEWID="164">
+<DATE>26-FEB-1987 17:44:10.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0237&#31;reute
+r f BC-&lt;GSW-INC>-YEAR-NET   02-26 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GSW INC> YEAR NET</TITLE>
+<DATELINE>    TORONTO, Feb 26 -
+    </DATELINE><BODY>Oper shr 2.16 dlrs vs 2.07 dlrs
+    Oper net 8,037,000 vs 7,710,000
+    Revs 136.4 mln vs 133.3 mln
+    Note: 1986 net excludes extraordinary gain of 13 mln dlrs
+or 3.50 dlrs shr from sale of &lt;Camco Inc> shares vs yr-ago loss
+of 4.3 mln dlrs or 1.14 dlrs shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5708" NEWID="165">
+<DATE>26-FEB-1987 17:44:15.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0238&#31;reute
+s f BC-SANTA-ANITA-REALTY-&lt;S   02-26 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTA ANITA REALTY &lt;SAR> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELES, Feb 26 -
+    </DATELINE><BODY>Qtly div 51 cts vs 51 cts
+    Pay April 9
+    Record March 25
+    (Santa Anita Realty Enterprises Inc)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5709" NEWID="166">
+<DATE>26-FEB-1987 17:44:19.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0239&#31;reute
+s f BC-LIQUID-AIR-CORP-&lt;LANA   02-26 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIQUID AIR CORP &lt;LANA> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    SAN FRANCISCO, Feb 26 -
+    </DATELINE><BODY>Qtly div 40 cts vs 40 cts
+    Pay March 31
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5710" NEWID="167">
+<DATE>26-FEB-1987 17:44:33.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0240&#31;reute
+r f BC-(MARSHALL-STEEL-LTD)   02-26 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(MARSHALL STEEL LTD) YEAR NET</TITLE>
+<DATELINE>    MONTREAL, Feb 26 -
+    </DATELINE><BODY>Oper shr five cts vs 36 cts
+    Oper net 508,000 vs 3,450,000
+    Revs 296.7 mln vs 298.0 mln
+    Note: former name Marshall Drummond McCall Inc.
+    Results include extraordinary gains of 952,000 dlrs or 11
+cts per share in 1986 and 2,569,000 dlrs or 29 cts in 1985 from
+income tax reduction.              
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5711" NEWID="168">
+<DATE>26-FEB-1987 17:45:00.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0242&#31;reute
+r f BC-MARSHALL-STEEL-DETAIL   02-26 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARSHALL STEEL DETAILS GAIN FROM UNIT SALE</TITLE>
+<DATELINE>    MONTREAL, Feb 26 - </DATELINE><BODY>(Marshall Steel Ltd), formerly Marshall
+Drummond McCall Inc, said it will report a 17 mln dlr net gain
+before taxes this year from the sale of its Drummond McCall
+division, which was sold effective January one.                
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5712" NEWID="169">
+<DATE>26-FEB-1987 17:45:27.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0243&#31;reute
+h f BC-MAYFAIR-INDUSTRIES-IN   02-26 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAYFAIR INDUSTRIES INC &lt;MAYF> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - 
+    </DATELINE><BODY>Oper shr 21 cts vs 18 cts
+    Oper net 659,000 vs 523,000
+    Revs 7,866,000 vs 5,503,000
+    Avg shrs 3,141,217 vs 2,925,294
+    12 mths
+    Oper shr 70 cts vs 46 cts
+    Oper net 2,075,000 vs 1,358,000
+    Revs 25.9 mln vs 19.3 mln
+    Avg shrs 2,980,247 vs 2,925,294
+    Note: Excludes tax gain of 295,000 dlrs for qtr and year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5713" NEWID="170">
+<DATE>26-FEB-1987 17:46:34.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0244&#31;reute
+r f BC-(CORRECTED)---BANPONC   02-26 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED) - BANPONCE &lt;BDEP> PLACES NOTES</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>BanPonce Corp said it privately placed
+30 mln dlrs of its 8.25 pct senior notes due 1992 through
+Lincoln National Investment Management Co, New York Life
+Insurance Co and Dillon Read and Co Inc.
+    It said proceeds will be used to increase working capital,
+for general corporate purposes, and for possible future
+acquisitions.
+    - Corrects dollar figure of notes placed in item appearing
+Feb 25.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5714" NEWID="171">
+<DATE>26-FEB-1987 17:48:58.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0245&#31;reute
+f f BC-******U.S.-TREASURY-S   02-26 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY SAYS IT WILL PARTICIPATE WITH OTHERS IN 500 MLN DLR BRIDGE LOAN TO ARGENTINA
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5715" NEWID="172">
+<DATE>26-FEB-1987 17:50:20.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0247&#31;reute
+r f BC-U.S.-REGULATOR-CLOSES   02-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. REGULATOR CLOSES BANKS IN TEXAS, LOUISIANA</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The Federal Deposit Insurance Corp
+(FDIC) said three troubled banks in Texas and Louisiana were
+merged with healthy financial institutions.
+    The FDIC said it subsidized the merger of Central Bank and
+Trust Co, Glenmora, La., with the healthy Peoples Bank and
+Trust Co, Natchitoches, La., after state regulators notified it
+that Central was in danger of failing.
+    Central had assets of 28.3 mln dlrs.
+    The FDIC said the deposits of the failed Farmers State
+Bank, Hart, Tex., were assumed by Hale County State Bank,
+Plainview, Tex.
+    Farmers, with 9.6 mln dlrs in assets, was closed by Texas
+bank regulators.
+    The deposits of the failed First National Bank of Crosby,
+Crosby, Tex., with total assets of 8.2 mln dlrs, were assumed
+by Central Bancshares of the South Inc, Birmingham, Ala., after
+First National was closed by federal bank regulators, the FDIC
+said.
+    The number of federally insured banks to fail so far this
+year now totals 32, the FDIC said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5716" NEWID="173">
+<DATE>26-FEB-1987 17:51:17.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0249&#31;reute
+d f BC-OLIN-&lt;OLN>-NAMES-SUCC   02-26 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIN &lt;OLN> NAMES SUCCESSOR FOR CHIEF EXECUTIVE</TITLE>
+<DATELINE>    STAMFORD, Conn., Feb 26 - </DATELINE><BODY>Olin Corp said John W. Johnstone
+Jr, 54, president and chief operating officer, will succeed
+John M. Henske as chief executive officer on April 30.
+    Henske, 63, will continue as chairman until he retires in
+June 1988, Olin said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5717" NEWID="174">
+<DATE>26-FEB-1987 17:51:29.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0250&#31;reute
+r f BC-DAEWOO-MOTOR-TO-BOOST   02-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAEWOO MOTOR TO BOOST IMPORTS OF U.S. GOODS</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Daewoo Motor Corp, the Korea-based
+joint venture between Daewoo Group and General Motors Corp
+&lt;GM>, said it will boost its 1987 imports of U.S. goods to 200
+mln dlrs from 104 mln dlrs in 1986.
+    The company said U.S. imports will account for about 35 pct
+of its total planned imports of 565 mln dlrs in 1987. Last
+year, U.S. goods accounted for about 19 pct of the company's
+imports, up from 6.5 pct in 1985.
+    The products slated for import include automobile and
+machinery parts, catalytic converters, fuel injection systems
+and electronic emission testing systems, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5718" NEWID="175">
+<DATE>26-FEB-1987 17:55:36.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A F
+&#22;&#22;&#1;f0252&#31;reute
+u f BC-BANKS-EXPRESS-GRAVE-C   02-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS EXPRESS GRAVE CONCERN ON BRAZIL DEBT MOVES</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Brazil's 14-bank advisory committee
+expressed "grave concern" to chief debt negotiator Antonio
+Padua de Seixas over the country's suspension of interest
+payments, according to a telex from committee chairman Citibank
+to creditor banks worldwide.
+    Bankers said the diplomatic phrase belied the deep anger
+and frustration on the committee over Brazil's unilateral move
+last Friday and its subsequent freeze on some 15 billion dlrs
+of short-term trade and interbank lines.
+    Seixas, director of the Brazilian central bank's foreign
+debt department, met the full panel on Tuesday and Wednesday.
+    Seixas, who met again this morning with senior Citibank
+executive William Rhodes and representatives from committee
+vice-chairmen Morgan Guaranty Trust Co and Lloyds Bank Plc,
+told the banks that the government was preparing a telex to
+explain and clarify the freeze on short-term credits.
+    The telex could be sent to creditors as early as today,
+bankers said.
+    Despite the rising tempers, bankers said there are no plans
+for Brazilian finance minister Dilson Funaro to meet commercial
+bankers during his trip to Washington on Friday and Saturday.
+    Funaro will be explaining Brazil's actions to U.S. Treasury
+Secretary James Baker, Federal Reserve Board chairman Paul
+Volcker and International Monetary Fund managing director
+Michel Camdessus before travelling to Europe at the weekend.
+    Meanwhile, bankers were to hear in New York this afternoon
+what impact Brazil's hard line would have on Argentina, with an
+initial presentation from Argentine Treasury Secretary Mario
+Brodersohn on his country's request for 2.15 billion dlrs in
+new loans and a multi-year rescheduling agreement. Argentina
+has threatened to emulate Brazil's payments moratorium if the
+banks do not grant its request.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5719" NEWID="176">
+<DATE>26-FEB-1987 17:57:05.23</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0255&#31;reute
+r f BC-LNG-IMPORTS-FROM-ALGE   02-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LNG IMPORTS FROM ALGERIA UNLIKELY IN 1987</TITLE>
+<AUTHOR>    BY NAILENE CHOU WIEST, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Liquefied natural gas imports from
+Algeria are unlikely to happen in 1987 even though its
+economically feasible, U.S. industry analysts sources said.
+    Youcef Yousfi, director-general of Sonatrach, the Algerian
+state petroleum agency, indicated in a television interview in
+Algiers that such imports would be made this year.
+    "Contract negotiations, filing with the U.S. government and
+the time required to restart mothballed terminals will delay
+the import until 1988/1989," Daniel Tulis, a natural gas
+analyst with Shearson Lehman Bros. said.
+    Sonatrach is currently negotiating with two of its former
+customers, Panhandle Eastern &lt;PEL> and Distrigas, a subsidiary
+of Cabot Corp &lt;CBT> to resume LNG export, company officials
+told Reuters. A third, El Paso Gas, a subsidiary of Burlington
+Northern &lt;BNI>, has expressed no interest.
+    Industry analysts said some imports of Algerian LNG were
+feasible. "On a marginal cost basis, the companies that have
+made capital investment to handle LNG import can operate
+profitably even in the current price environment,"  Frank
+Spadine, an energy economist with Bankers Trust, said.
+   Analysts did not forsee a major impact from Algerian imports
+on U.S. prices which are currently soft but expected to trend
+higher by the end of 1987.
+    A decline in gas drilling and the time lag to bring Gulf of
+Mexico productions onstream will tighten gas supplies and firm
+prices, Shearson's Tulis said.
+   In this context, Algerian LNG import would be a source of
+supplemental supply to U.S. domestic production, he added.
+    Company sources currently in talks with Algeria agree,
+saying that Algerian LNG would only serve to meet peak demand.
+    Company sources also said that any negotiations with
+Algeria would emphasize looser arrangements which would relate
+volumes to market requirements and prices to U.S. spot market
+values.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5720" NEWID="177">
+<DATE>26-FEB-1987 17:59:30.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0259&#31;reute
+r f BC-U.S.-FARM-CREDIT-RESC   02-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM CREDIT RESCUE BILL SEEN BEFORE EASTER</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The chairman of the Senate Agriculture
+subcommittee on credit said the panel will consider a farm
+credit rescue package by Easter even if the system and its
+regulator do not ask for help by then.
+    "We're going to have a bill to markup, I guarantee you,
+before the Easter recess," Sen. David Boren (D-Okla.) said.
+    Senate Majority leader Robert Byrd (D-W.Va.) wants
+recommendations on farm credit presented by April 11, when
+Congress is scheduled to break for Easter, Boren said.
+    Boren urged the Farm Credit Administration (FCA), the
+system's regulator, to quickly make a formal request for aid.
+    Under the 1985 Farm credit law passed by Congress, the FCA,
+as regulator, is to certify when the system has exhausted all
+its capital and needs federal government help.
+    However, FCA chairman Frank Naylor said because much of the
+system's remaining capital is tied-up in legal action,
+he could not technically certify a rescue is needed this year
+and perhaps not even in 1988. The other Republican member of
+the three-man FCA board, Marvin Duncan, agreed.
+    But Boren urged that even if FCA cannot technically certify
+aid is needed, it should request help informally.
+    "We all know we need a capital infusion," Boren said.
+    Boren and the FCA officials spoke at a hearing on the
+plight of the farm credit system. Also at the hearing, Brent
+Beesely, chief executive of the Farm Credit Council
+representing the system, said that at the end of 1986 the
+system had only 1.5 billion dlrs in working capital remaining
+after losses of 4.6 billion dlrs over the last two years.
+    While he did not ask for government aid, Beesley indicated
+the situation is serious in some of the 12 system districts.
+    "A significant number of banks and associations in the most
+economically depressed areas have and will continue to suffer
+extraordinary losses," Beesley said.
+    Jim Billington, Democratic member of the FCA board, said
+the troubles of the system have encouraged the flight of some
+one billion dlrs per month from the system as borrowers repay
+loans.
+    The system's total portfolio shrank to 54.6 billion dlrs by
+the end of last year from 66.6 billion the previous year.
+    FCA board members said both borrowers and holders of bonds
+in the system need to be assured their money is safe. Naylor
+suggested the need for a federal assurance to bondholders.
+    "The bondholders have no worry at this time," Billington
+said.
+    Naylor said several proposals for revamping the farm credit
+system are circulating. The proposals range from consolidation
+of the system into a centralized national lender, to
+de-centralizing into semi-independent institutions.
+    But He and the system spokesman Beesley were cautious about
+proposals for a secondary market on farm loans. Those
+proposals would package farm loans for resale to investors.
+    Naylor and Beesley said a secondary market set-up outside
+the farm credit system would hurt the system. But Beesley said
+a secondary market with the farm credit system as its agent
+could be developed without Congressional legislation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5721" NEWID="178">
+<DATE>26-FEB-1987 18:00:08.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0261&#31;reute
+r f AM-REAGAN-CABINET   02-26 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPORT COULD BE FINAL BLOW FOR REGAN</TITLE>
+<AUTHOR>    By Sue Baker, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The Tower Commission's scathing   
+comments on President Reagan's embattled chief of staff Donald
+Regan could signal the death knell to his White House tenure,
+but the impact of its strong criticism on two other top
+officials was less clear.
+    Regan has come in for tough criticism for his handling of
+Reagan's worst political crisis since details of the covert
+arms sales to Iran and diversion of profits to Nicaraguan
+rebels first emerged last November.
+    But criticism of the roles of Secretary of State George
+Shultz and Defense Secretary Caspar Weinberger, who said they
+opposed the Iran arms initiative yet failed to end it, had been
+muted until the release of the Tower Commission report.
+    "Their obligation was to give the president their full
+support and continued advice with respect to the program or, if
+they could not in conscience do that, to so inform the
+president," the report said after a three-month probe.
+    "Instead, they simply distanced themselves from the program.
+They protected the record as to their own positions on this
+issue. They were not energetic in attempting to protect the
+president from the consequences of his personal commitment to
+freeing the hostages."
+    The report saved some of its most scathing language for
+Regan, a gruff former Wall Street executive and close personal
+friend of Reagan whose autocratic rule in the White House
+angered some top Reagan officials and, perhaps more
+importantly, Reagan's wife Nancy.
+    "More than almost any chief of staff of recent memory, he
+asserted personal control over the White House staff and sought
+to extend this control to the national security adviser," said
+the report.
+    Washington analysts said Regan's departure now appeared to
+be only a matter of timing. Many expected the president to
+announce it when he addresses the nation on the Tower
+Commission's findings next week.
+    With Regan's departure apparently imminent and Poindexter
+and other key figures in the scandal already out of office, the
+report's tough criticism of Shultz and Weinberger could turn
+the spotlight on their future.
+    Senate Republican leader Robert Dole, a key Reagan ally,
+told reporters the report disclosed "colossal blunders" and said
+people who had not served the president well should step aside,
+but he did not specify who should go.
+    "It would seem to me that if you don't protect the
+president, you don't serve the president well, then you should
+move on," the Kansas Republican, a likely presidential candidate
+next year, said.
+    One Republican strategist said he believed Regan would not
+be the only White House official to leave in the near future.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5722" NEWID="179">
+<DATE>26-FEB-1987 18:02:58.44</DATE>
+<TOPICS><D>cpi</D><D>gnp</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0267&#31;reute
+r f BC-SWISS-ECONOMY-IN-EXCE   02-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS ECONOMY IN EXCELLENT CONDITION, OECD SAYS</TITLE>
+<DATELINE>    PARIS, Feb 26 - </DATELINE><BODY>Switzerland's economy, combining low
+unemployment, financial stability and a large external payments
+surplus, is in excellent condition and faces a satisfactory
+future, the Organisation for Economic Cooperation and
+Development, OECD, said.
+    This reflected the success of stable and relatively tight
+fiscal and monetary policies followed by the government, it
+said.
+    The OECD, in its annual report on Switzerland, picked out
+some signs of a slowdown in activity and a slight pick-up in
+inflation this year, but said these gave no cause for concern.
+    The study forecast a decline in Gross Domestic Product
+growth to 1.75 pct this year from an estimated two pct in 1986
+and a small rise in consumer price inflation to 1.25 pct after
+last year's sharp fall to 0.75 pct from 3.6 pct in 1985.
+    But it said job creation should continue to absorb a modest
+increase in the workforce, leaving the unemployment rate
+unchanged at around one pct, the lowest in the 24-industrial
+nation OECD area.
+    Assuming an average exchange rate of 1.71 Swiss francs to
+the dollar this year, against 1.69 in the second half of 1986,
+the report forecast a 2.75 pct rise in exports and a 3.5 pct
+rise in imports this year after rises of 3.25 pct and 6.5 pct
+respectively in 1986.
+    The faster growth of imports compared with exports this
+year and last, reflecting buoyant private consumption, meant
+that the contribution of the foreign payments balance to GDP
+would shrink in both years.
+    But "given Switzerland's large external surplus, there
+should be no concern if domestic demand grows faster than
+GDP...Which, if only in a small way, would contribute to
+improving international balances," the OECD said.
+    Real private consumption appeared to have been unusually
+buoyant last year, with a 3.25 pct growth rate, after several
+years of relative weakness, it noted.
+    In 1987 private consumption was expected to slow somewhat
+to a 2.25 pct growth rate, but should still outstrip overall
+GDP, it added.
+    The outlook for investment in plant and machinery remained
+bright into 1987, and with capacity use at near record levels
+last year there was scope for rationalisation and modernisation
+in both the industry and service sectors, it said.
+    As a consequence, growth in machinery and equipment
+investment is likely to decelerate only slightly this year
+after vigorous growth in 1986.
+    But the report raised a questionmark over the prospects for
+tourism and the banking industry, two major service sector
+earners of foreign exchange.
+    The long-term appreciation of the Swiss Franc, and the
+accelerating deregulation of foreign banking markets, could
+lead to a loss of international market share for both, it said.
+    Particularly for the banks, "recent developments in
+international financial markets give rise to the question
+whether the Swiss financial system, which has shown substantial
+flexibility in the past, is adapting itself at the speed
+required ... To preserve its competitive position," it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5723" NEWID="180">
+<DATE>26-FEB-1987 18:04:52.91</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0272&#31;reute
+d f BC-U.S.-WHEAT-BONUS-TO-S   02-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WHEAT BONUS TO SOVIET CALLED DORMANT</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The U.S. Agriculture Department is not
+actively considering offering subsidized wheat to the Soviet
+Union under the export enhancement program (EEP), senior USDA
+officials said.
+    However, grain trade analysts said the proposal has not
+been ruled out and that an offer might be made, though not in
+the very near future.
+    "The grain companies are trying to get this fired up again,"
+an aide to Agriculture Secretary Richard Lyng said. "But there
+just isn't much talk about it, informally or formally."
+    Most analysts interviewed by Reuters were more confident
+than USDA officials that bonus wheat would be offered to the
+Soviets, even though U.S. officials did not make such an offer
+when they held grain talks with Soviet counterparts earlier
+this week.
+    But administration and private sources agreed that if the
+Reagan administration did decide to offer subsidized wheat to
+Moscow, it could take several months.
+    "I just don't see any proposal like that sailing through any
+interagency process," the aide to Lyng said.
+    "An export enhancement offer is not consummated overnight,"
+said one former USDA official, who noted that the
+administration took three months to decide in favor of selling
+China wheat under the subsidy program.
+    An official representing a large grain trade company said
+deliberations within USDA might be nudged along by members of
+Congress, a number of whom urged USDA this week to make a wheat
+subsidy offer to the Soviets.
+    But Lyng's aide said that during a day-long visit to
+Capitol Hill yesterday, House members did not press the
+secretary on the subsidy question a single time.
+    The administration's interagency trade policy review group,
+comprised of subcabinet-level officials, has not been asked to
+clear a request to offer Moscow wheat under the EEP, officials
+at the U.S. Trade Representative's Office said.
+    In their talks this week, the two sides discussed the
+administration's previous EEP offer but did not talk about any
+new initiative. One USDA official who took part in the
+consultations this week described them as an exchange of "calm,
+basic, factual economics."
+    Another USDA official said there was "not even an informal
+suggestion or hint" that the Soviets would live up to their
+pledge to buy four mln tonnes of wheat this year if they were
+granted more favorable terms.
+    USDA and private sources agreed that consideration of an
+EEP initiative by interagency review groups likely would be
+delayed because of disarray within the White House stemming
+from the Iran arms affair.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5724" NEWID="181">
+<DATE>26-FEB-1987 18:07:18.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0283&#31;reute
+b f BC-U.S.-TREASURY-PART-OF   02-26 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY PART OF ARGENTINE BRIDGE LOAN</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The U.S. Treasury said it was willing
+to participate with several other industrial countries in
+providing a 500 mln-dlr short-term bridge loan to Argentina.
+    The Treasury announcecement did not name the other
+countries nor the amount of financing the United States was
+willing to supply.
+    Argentina announced a wage and price freeze on Wednesday
+night and is negotiating with New York bankers for about 2.15
+billion dlrs in new loans and other financing.
+    "Our willingness to participate in this multilateral
+short-term financing indicates our support for Argentina's
+economic program to achieve sustainable growth and a viable
+balance of payments position," the Treassury statement said.
+    In announcing a four-month wage and price freeze, Argentine
+officials said the country needed "a more serene climate" to
+carry out structural changes in the economy.
+    But Argentina did not suspend interest payments on its
+foreign debts, as neighboring Brazil did last week.
+    The Treasury said the U.S. share of bridge financing for
+Argentina would come from its Exchange Stabilization Fund.
+    The one-page statement noted the International Monetary
+Fund expressed confidence in Argentina's economic policies and
+prospects by approving a new stand-by financing arrangement for
+it on February 18.
+    "Argentina is expected to qualify for IMF
+balance-of-payments financing which would enable Argentina to
+repay a multilateral bridge loan and support the implementation
+of its economic program," the statement said.
+    The latest Argentine action marked the second time in less
+than two years its government has used a wage and price freeze
+to restrain inflation.
+    The debt talks in New York are being headed by Argentine
+Finance Minister Mario Brodersohn and are expected to last for
+several days.
+    Along with new financing, Argentina reportedly wants lower
+interest rates on an existing total 53 billion dlrs in foreign
+debt and elimination of foreign banks' control over how some of
+the money is loaned in Argentina.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5725" NEWID="182">
+<DATE>26-FEB-1987 18:09:37.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0293&#31;reute
+u f BC-COMPANIES-SET-BID-FOR   02-26 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPANIES SET BID FOR CANADA HELICOPTER CONTRACT</TITLE>
+<DATELINE>    MONTREAL, Feb 26 - </DATELINE><BODY>(E.H. Industries (Canada) Inc) said it
+plans to bid its EH101 helicopter to replace Canada's fleet of
+Sea King aircraft. It said it is joining with (Bell Textron of
+Canada), Canadian Marconi Co (CMW), (IMP Group), and (Paramax
+Electronics Inc) and is supported by (Augusta S.P.A.),
+(Sikorsky Aircraft), and (Westland Group) in the bid.
+    The Eh101, aimed at detecting and engaging submarines, was
+designed for use by the British and Italian navies and is due
+to enter service in 1992, E.H. said.           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5726" NEWID="183">
+<DATE>26-FEB-1987 18:11:09.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0296&#31;reute
+r f BC-ALATENN-RESOURCES-INC   02-26 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALATENN RESOURCES INC &lt;ATNG> 4TH QTR NET</TITLE>
+<DATELINE>    FLORENCE, Ala., Feb 26 - 
+    </DATELINE><BODY>Shr 75 cts vs 52 cts
+    Net 1,699,124 vs 1,177,786
+    Revs 45.6 mln vs 31.6 mln
+    12 mths
+    Shr 2.22 dlrs vs 2.20 dlrs
+    Net 5,057,292 vs 4,961,085
+    Revs 130.2 mln vs 126.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5727" NEWID="184">
+<DATE>26-FEB-1987 18:12:10.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0299&#31;reute
+w f BC-AMERICAN-TRAVELLERS-&lt;   02-26 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN TRAVELLERS &lt;ATVC> EXPANDS OPERATIONS</TITLE>
+<DATELINE>    WARRINGTON, Pa., Feb 26 - </DATELINE><BODY>American Travellers Corp said its
+American Travellers Life Insurance Co unit has expanded its
+operations.
+    The company said the unit has begun marketing in Maryland,
+Idaho and the District of Columbia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5728" NEWID="185">
+<DATE>26-FEB-1987 18:12:35.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0300&#31;reute
+r f BC-VERSATILE-TO-SELL-UNI   02-26 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERSATILE TO SELL UNIT TO VICON</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, Feb 26 - </DATELINE><BODY>&lt;Versatile Corp> said
+it agreed in principle to sell its Alberta-based Versatile
+Noble Cultivators Co division to Vicon Inc, of Ontario, for
+undisclosed terms.
+    The division manufactures tillage and spraying equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5729" NEWID="186">
+<DATE>26-FEB-1987 18:12:51.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0301&#31;reute
+r f BC-VIDEOTRON-BUYS-INTO-E   02-26 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIDEOTRON BUYS INTO EXHIBIT COMPANY</TITLE>
+<DATELINE>    MONTREAL, Feb 26 - </DATELINE><BODY>(Groupe Videotron Ltd) said it agreed to
+buy 50 pct of (Groupe Promexpo Inc), a company which
+specializes in product exhibits, for three mln dlrs.           
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5730" NEWID="187">
+<DATE>26-FEB-1987 18:13:30.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0302&#31;reute
+r f BC-(MEMOTEC-DATA-INC)-YE   02-26 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MEMOTEC DATA INC> YEAR NET</TITLE>
+<DATELINE>    MONTREAL, Feb 26 -
+    </DATELINE><BODY>Shr 81 cts vs 66 cts
+    Net 5,011,000 vs 2,314,000
+    Revs 57.3 mln vs 17.6 mln
+    Note: results include extraordinary gains of 1,593,000 dlrs
+or 26 cts a share in 1986 and 451,000 dlrs or 13 cts a share in
+1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5731" NEWID="188">
+<DATE>26-FEB-1987 18:14:26.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0303&#31;reute
+r f BC-ROHR-INDUSTRIES-&lt;RHR>   02-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROHR INDUSTRIES &lt;RHR> SETTLES STRIKE</TITLE>
+<DATELINE>    CHULA VISTA, Calif., Feb 26 - </DATELINE><BODY>Rohr Industries Inc said it
+has agreed on a three-year labor contract with the
+International Association of Machinists and Aerospace Workders,
+ending a strike that began ten days ago.
+    Under the pact, 4,600 union members at Rohr's Chula Vista
+and Riverside plants will receive lump sum payments of ten pct,
+six pct and six pct annually, with the first payment going out
+in April.
+    Rohr will also increase the pension benefit to 24 dlrs per
+month for each eligible year of service.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5732" NEWID="189">
+<DATE>26-FEB-1987 18:16:23.86</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0304&#31;reute
+b f BC-******TEXACO-CANADA-C   02-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEXACO CANADA CUTS CRUDE PRICES 64 CANADIAN CTS/BBL, PAR GRADE TO 22.26 CANADIAN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5733" NEWID="190">
+<DATE>26-FEB-1987 18:16:27.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0305&#31;reute
+u f BC-/BANKS-EXPRESS-GRAVE   02-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS EXPRESS GRAVE CONCERN ON BRAZIL DEBT MOVE</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Brazil's 14-bank advisory committee
+expressed "grave concern" to chief debt negotiator Antonio
+Padua de Seixas over the country's suspension of interest
+payments, according to a telex from committee chairman Citibank
+to creditor banks worldwide.
+    Bankers said the diplomatic phrase belied the deep anger
+and frustration on the committee over Brazil's unilateral move
+last Friday and its subsequent freeze on some 15 billion dlrs
+of short-term trade and interbank lines.
+    Seixas, director of the Brazilian central bank's foreign
+debt department, met the full panel on Tuesday and Wednesday.
+    Seixas, who met again this morning with senior Citibank
+executive William Rhodes and representatives from committee
+vice-chairmen Morgan Guaranty Trust Co and Lloyds Bank Plc,
+told the banks that the government was preparing a telex to
+explain and clarify the freeze on short-term credits.
+    The telex could be sent to creditors as early as today,
+bankers said.
+    Despite the rising tempers, bankers said there are no plans
+for Brazilian finance minister Dilson Funaro to meet commercial
+bankers during his trip to Washington on Friday and Saturday.
+    Funaro will be explaining Brazil's actions to U.S. Treasury
+Secretary James Baker, Federal Reserve Board chairman Paul
+Volcker and International Monetary Fund managing director
+Michel Camdessus before travelling to Europe at the weekend.
+    Meanwhile, bankers were to hear in New York this afternoon
+what impact Brazil's hard line would have on Argentina, with an
+initial presentation from Argentine Treasury Secretary Mario
+Brodersohn on his country's request for 2.15 billion dlrs in
+new loans and a multi-year rescheduling agreement. Argentina
+has threatened to follow Brazil in declaring a payments
+moratorium if the banks do not grant its request.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5734" NEWID="191">
+<DATE>26-FEB-1987 18:18:00.84</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E
+&#22;&#22;&#1;f0308&#31;reute
+u f BC-TEXACO-CANADA-&lt;TXC>-L   02-26 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO CANADA &lt;TXC> LOWERS CRUDE POSTINGS</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Texaco Canada said it lowered the
+contract price it will pay for crude oil 64 Canadian cts a
+barrel, effective today.
+    The decrease brings the company's posted price for the
+benchmark grade, Edmonton/Swann Hills Light Sweet, to 22.26
+Canadian dlrs a bbl.
+    Texaco Canada last changed its crude oil postings on Feb
+19.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5735" NEWID="192">
+<DATE>26-FEB-1987 18:19:17.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0309&#31;reute
+d f BC-JURY-FINDS-FOR-DOW-&lt;D   02-26 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JURY FINDS FOR DOW &lt;DOW> IN BIRTH DEFECT CASE</TITLE>
+<DATELINE>    PHILADELPHIA, Feb 26 - </DATELINE><BODY>Dow Chemical Co's &lt;DOW> Merrell Dow
+Pharmaceuticals Inc unit said a jury found that Bendectin did
+not cause the birth defects of a seven-year old boy whose
+mother took the drug during pregnancy.
+    The anti-nausea drug has been used to treat morning 
+sickness and was discontinued in 1983 amid allegations that the
+drug caused birth defects.
+    Merrell said that to date there have been 12 other trials
+involving the drug, 10 in the U.S. and two in West Germany.
+    It said verdicts or judgements in favor of the company were
+obtained in eight of the trials, one of which included about
+1,150 plaintiffs.
+    In two trials, Merrell said, verdicts were in favor of the
+plaintiffs. In one, it said, the trial judge overruled the
+jury's verdict and issued a judgement in favor of the company
+and a three judge panel of the Court of Appeals overturned the
+trial judge's ruling. Merrell is now awaiting a rehearing of
+this case by the full Court of Appeals.
+    Of the remaining two trials, one ended in a mistrial and in
+the other the jury was unable to reach a verdict.
+    At one point about 1700 lawsuits had been filed alleging
+the drug caused birth defects, said a company spokesman. He
+said about 300 lawsuits are pending.
+    Bendectin was first introduced in the early 1950s, and the
+Merrell spokesman said a valid application to make and market
+the drug is with the Food and Drug Administration should the
+company decide it wants to reintroduce it.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5736" NEWID="193">
+<DATE>26-FEB-1987 18:20:06.58</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0311&#31;reute
+r f BC-USDA-SAID-UNLIKELY-TO   02-26 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA SAID UNLIKELY TO BROADEN CORN BONUS OFFER</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The U.S. Agriculture Department
+probably will not offer a two dlr per bushel bonus payment to
+corn farmers for any erodible cropland they enrolled in the
+conservation reserve program last year, an aide to USDA
+Secretary Richard Lyng said.
+    Sen. Charles Grassley (R-Iowa) said yesterday that Lyng had
+indicated he would consider giving those farmers the same two
+dlr bonus offered corn farmers who are signing up for the 1987
+program this month.
+    But the aide to Lyng said it was doubtful that the
+department would offer a retroactive bonus to farmers who
+enrolled land in the 10-year conservation reserve last year.
+    "How are you going to stop the tide," he said, referring to
+demands that would follow from other commodity groups.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5737" NEWID="194">
+<DATE>26-FEB-1987 18:21:01.50</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0313&#31;reute
+u f BC-MARATHON-PETROLEUM-RE   02-26 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARATHON PETROLEUM REDUCES CRUDE POSTINGS</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Marathon Petroleum Co said it reduced
+the contract price it will pay for all grades of crude oil one
+dlr a barrel, effective today.
+    The decrease brings Marathon's posted price for both West
+Texas Intermediate and West Texas Sour to 16.50 dlrs a bbl. The
+South Louisiana Sweet grade of crude was reduced to 16.85 dlrs
+a bbl.
+    The company last changed its crude postings on Jan 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5738" NEWID="195">
+<DATE>26-FEB-1987 18:23:47.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0317&#31;reute
+r f AM-NUCLEAR   02-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AGENCY VOTES TO END LOCAL NUCLEAR PLANT VETO</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>The Nuclear Regulatory Commission
+(NRC) proposed to ease evacuation standards for nuclear plants,
+which could lead the way to the licensing of controversial
+plants in New York and New Hampshire.
+    The NRC voted 4-1 to offer the rule for 60 days of public
+comment before it reconsidered it and set emergency evacuation
+standards of its own.
+    Local authorites at the plants at Shoreham, Long Island,
+N.Y., and Seabrook, N.H., had refused to take part in
+evacuation planning, as required under existing NRC rules.
+    They had claimed the region was too populated for any safe
+evacuation plan, holding up the NRC's authority to issue full
+power licenses of the two multi-billon dollar plants.
+    A group of prominent politicians, led by New York Governor
+Mario Cuomo, charged at a public meeting on the proposed plan
+on Tuesday that NRC members were more interested in protecting
+the utilties'investments than protecting public safety.
+    An NRC spokesman said after the meeting that the agency had
+not yet scheduled a meeting to vote on the proposed plan.
+    In a statement today announcing its vote, the commission
+said the proposed rule change would enable the NRC to act in
+cases where local authorities refused to take part in emergency
+evacuation planning.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5739" NEWID="196">
+<DATE>26-FEB-1987 18:24:04.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0318&#31;reute
+r f BC-&lt;GEORGE-WESTON-LTD>-Y   02-26 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GEORGE WESTON LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, Feb 26 -
+    </DATELINE><BODY>Shr 2.31 dlrs vs 1.96 dlrs
+    Net 119.0 mln vs 101.0 mln
+    Revs 10.03 billion vs 8.88 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5740" NEWID="197">
+<DATE>26-FEB-1987 18:25:45.94</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0321&#31;reute
+d f BC-RELIEF-TO-U.S.-CORN/O   02-26 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RELIEF TO U.S. CORN/OATS GROWERS SAID LIKELY</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>U.S. farmers who in the past have
+grown oats for their own use but failed to certify to the
+government that they had done so probably will be allowed to
+continue planting that crop and be eligible for corn program
+benefits, an aide to Agriculture Secretary Richard Lyng said.
+    Currently a farmer, to be eligible for corn program
+benefits, must restrict his plantings of other program crops to
+the acreage base for that crop.
+    Several members of Congress from Iowa have complained that
+farmers who inadvertantly failed to certify that they had grown
+oats for their own use in the past now are being asked to halt
+oats production or lose corn program benefits.
+    USDA likely will allow historic oats farmers to plant oats
+but not extend the exemption to all farmers, Lyng's aide said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5741" NEWID="198">
+<DATE>26-FEB-1987 18:27:09.26</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0323&#31;reute
+u f BC-N.Z.-MONEY-SUPPLY-RIS   02-26 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. MONEY SUPPLY RISES 3.6 PCT IN DECEMBER</TITLE>
+<DATELINE>    WELLINGTON, Feb 27 - </DATELINE><BODY>New Zealand's broadly defined,
+seasonally adjusted M-3 money supply grew an estimated 3.6 pct
+in December after rising a revised 2.4 pct in November and 4.04
+pct in December last year, the Reserve Bank said in a
+statement.
+    It said unadjusted M-3 increased to an estimated 30.07
+billion N.Z. Dlrs from a revised 28.30 billion in November and
+25.53 billion in December 1985.
+    Year-on-year M-3 rose 17.77 pct from a revised 15.34 pct in
+November and 20.50 pct in December 1985.
+    Narrowly defined year-on-year M-1 growth was 15.89 pct
+against a revised 27.52 pct in November and 12.3 pct a year
+earlier.
+    M-1 grew to an estimated 5.03 billion dlrs against a
+revised 4.77 billion in November and 4.34 billion in December
+1985.
+    Year-on-year private sector credit grew 30.68 pct in
+December against a revised 22.30 pct in November and 23.2 pct
+in December 1985. Private sector credit grew to 22.24 billion
+dlrs from a revised 20.92 billion in November and 17.01 billion
+in December 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5742" NEWID="199">
+<DATE>26-FEB-1987 18:27:56.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0324&#31;reute
+d f BC-CIRCUIT-SYSTEMS-&lt;CSYI   02-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRCUIT SYSTEMS &lt;CSYI> BUYS BOARD MAKER</TITLE>
+<DATELINE>    ADDISON, Ill., Feb 26 - </DATELINE><BODY>Circuit Systems Inc said it has
+bought all of the stock of (Ionic Industries Inc) in exchange
+for 3,677,272 shares of its common.
+    Following the exchange there will be 4,969,643 shares of
+Circuit Systems stock outstanding. Ionic holders will own about
+74 pct of the outstanding stock of Circuit Systems, it said.
+    Ionic, a maker of circuit boards, had revenues of 8.4 mln
+dlrs and pretax profits of 232,000 dlrs in 1986, up from
+revenues of 5.9 mln and pretax profits of 204,000 dlrs in 1985,
+Circuit Systems said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5743" NEWID="200">
+<DATE>26-FEB-1987 18:28:33.66</DATE>
+<TOPICS><D>veg-oil</D><D>oilseed</D><D>meal-feed</D><D>soybean</D><D>soy-oil</D><D>soy-meal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0326&#31;reute
+u f BC-FALLING-SOYBEAN-CRUSH   02-26 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FALLING SOYBEAN CRUSH RATIOS CUT OUTPUT</TITLE>
+<AUTHOR>    by John Morrison, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, Feb 26 - </DATELINE><BODY>The sharp decline in soybean crush ratios
+seen in the last few weeks, accelerating in recent days, has
+pushed margins below the cost of production at most soybean
+processing plants and prompted many to cut output of soybean
+meal and oil.
+    The weekly U.S. soybean crush rate was reported by the
+National Soybean Processors Association this afternoon at 21.78
+mln bushels, down from the 22 mln bushel plus rate seen over
+the past two months when crush margins surged to the best
+levels seen in over a year.
+    Active soymeal export loadings at the Gulf had pushed
+soybean futures and premiums higher, prompting a pick-up in the
+weekly crush number.
+    However, much of that export demand seems to have been met,
+with most foreign meal users now waiting for the expected surge
+in shipments of new crop South American soymeal over the next
+few months.
+    U.S. processors are now finding domestic livestock feed
+demand is very light for this time of year due to the milder
+than normal winter, so they steadily dropped offering prices in
+an attempt to find buying interest, soyproduct dealers said.
+    Soybean meal futures have also steadily declined in recent
+weeks, setting a new contract low of 139.70 dlrs per ton in the
+nearby March contract today.
+    "Many speculators down here bought March soymeal and sold
+May, looking for no deliveries (on first notice day tomorrow,
+which would cause March to gain on deferreds)," one CBT crush
+trader said.
+    "But they've been bailing out this week because the March
+has been acting like there will be a lot delivered, if not
+tomorrow, then later in the month," he added.
+    As a result of the weakness in soymeal, the March crush
+ratio (The value of soyproducts less the cost of the soybeans)
+fell from the mid 30s earlier this month to 22.6 cents per
+bushel today, dropping over five cents in just the last two
+days.
+    The May crush ended today just over 17 cents, so no
+processors will want to lock in a ratio at that unprofitable
+level, the trader said. Hopefully, they will now start to cut
+back production to get supplies in line with demand, he added.
+    With futures down, processors are finding they must bid
+premiums for cash soybeans, further reducing crush margins.
+    A central Illinois processor is only making about 30 cents
+for every bushel of soybeans crushed at current prices, down
+sharply from levels just seen just a few weeks ago and below
+the average cost of production, cash dealers said.
+    Most soybean processing plants are still in operation, with
+little talk of taking temporary down-time, so far. But
+processors will start halting production in the next few weeks
+it they continue to face unprofitable margins, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5744" NEWID="201">
+<DATE>26-FEB-1987 18:31:34.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0335&#31;reute
+d f BC-MAIL-BOXES-ETC-&lt;MAIL>   02-26 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAIL BOXES ETC &lt;MAIL> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    SAN DIEGO, Calif., Feb 26 -
+    </DATELINE><BODY>Shr 23 cts vs 18 cts
+    Net 509,144 vs 277,834
+    Revs 2,258,341 vs 1,328,634
+    Avg shrs 2,177,553 vs 1,564,605
+    Nine mths
+    Shr 55 cts vs 42 cts
+    Net 1,150,633 vs 649,914
+    Revs 6,169,168 vs 3,178,115
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5745" NEWID="202">
+<DATE>26-FEB-1987 18:35:17.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0341&#31;reute
+r f BC-MUNSINGWEAR-INC-&lt;MUN>   02-26 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUNSINGWEAR INC &lt;MUN> 4TH QTR JAN 3 LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, Feb 26 -
+    </DATELINE><BODY>Shr loss 32 cts vs loss seven cts
+    Net loss 1,566,000 vs loss 292,000
+    Revs 39.4 mln vs 34.7 mln
+    Year
+    Shr profit 79 cts vs profit 74 cts
+    Net profit 3,651,000 vs profit 3,020,000
+    Revs 147.9 mln vs 114.2 mln
+    Avg shrs 4,639,000 vs 4,059,000
+    Note: Per shr adjusted for 3-for-2 stock split July 1986
+and 2-for-1 split May 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5746" NEWID="203">
+<DATE>26-FEB-1987 18:36:39.11</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f0343&#31;reute
+u f BC-FED-DATA-SUGGEST-STAB   02-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED DATA SUGGEST STABLE U.S. MONETARY POLICY</TITLE>
+<AUTHOR>    by Jeremy Solomons, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>Latest Federal Reserve data suggest that
+the central bank voted to maintain the existing degree of
+pressure on banking reserves at its regular policy-making
+meeting two weeks ago, money market economists said.
+    "The numbers were a little disappointing, but I think we
+can take Mr Volcker at his word when he said that nothing had
+changed," said Bob Bannon of Security Pacific National Bank.
+    Fed Chairman Paul Volcker told a Congressional committee
+last Thursday that the Fed's policy "has been unchanged up to
+today."
+    Although Volcker's statement last Thursday allayed most
+fears that the Fed had marginally tightened its grip on
+reserves to help an ailing dollar, many economists still wanted
+confirmation of a steady policy in today's data, which covered
+the two-week bank statement period ended yesterday.
+    This need for additional reassurance was made all the more
+acute by the Fed's decision yesterday to drain reserves from
+the banking system by arranging overnight matched sale-purchase
+agreements for the first time since April of last year,
+economists added.
+    Today's data showed that the draining action was for a
+fairly large 3.9 billion dlrs, economists said.
+    "The one thing that caught my eye were the relatively
+sizeable matched sales on Wednesday," said Dana Johnson of
+First National Bank of Chicago. "But there was a clearly
+justified need for them. There was nothing ominous."
+    "The Fed couldn't have waited until the start of the new
+statement period today. If it had, it would have missed its
+(reserve) projections," added Security Pacific's Bannon.
+    A Fed spokesman told reporters that there were no large
+single-day net miss in reserve projections in the latest week.
+    Economists similarly shrugged off slightly higher-than-
+expected adjusted bank borrowings from the Fed's discount
+window, which averaged 310 mln dlrs a day in the latest week,
+compared with many economists' forecasts of about 200 mln.
+    For the two-week bank statement period as a whole, the
+daily borrowing average more than doubled to 381 mln dlrs from
+160 in the prior period.
+    "There were wire problems at two large banks on Tuesday and
+Wednesday, so I am not too bothered about the borrowings," said
+Scott Winningham of J.S. Winningham and Co. The Wednesday
+average rose to 946 mln dlrs from 148 mln a week earlier.
+    Lending further support to the stable policy view was a
+relatively steady federal funds rate of about six pct in the
+latest week and persistently high levels of excess reserves in
+the banking system, economists said.
+    "For the time being, the Fed is following a neutral path,
+with fed funds at about six to 6-1/8 pct," said Darwin Beck of
+First Boston Corp. "I expect it to continue in that vein."
+    "Excess reserves fell but they are still over a billion
+dlrs," added First Chicago's Johnson. Banks' excess reserves
+averaged 1.03 billion dlrs a day in the latest statement
+period, down from 1.50 billion in the previous one.
+    After the Fed declined to assign a 1987 target growth range
+to the wayward M-1 money supply measure last week, little
+attention was paid to a steeper-than-anticipated 2.1 billion
+dlr jump in the week ended February 16.
+    Looking ahead, economists said the Fed will have to tread a
+fine line between the dollar's progress in the international
+currency markets and the development of the domestic economy.
+    "The market has perhaps exaggerated the dollar's effect on
+Fed policy," said First Chicago's Johnson. "Of course, it will
+take the dollar into account in future policy decisions but if
+the economy is weak, it won't pull back from easing."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5747" NEWID="204">
+<DATE>26-FEB-1987 18:37:14.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0344&#31;reute
+r f BC-federal-industries-la   02-26 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL INDUSTRIES LAUNCHES EUROBOND ISSUE</TITLE>
+<DATELINE>    Winnipeg, Manitoba, Feb 26 - </DATELINE><BODY>&lt;Federal Industries Ltd> said
+it launched a 40 mln Canadian dlr Eurobond issue for five
+years, bearing a coupon of 9-1/4 pct.
+    Issue price is 100-5/8. Lead manager is Union Bank of
+Switzerland.
+    Proceeds will be used to reduce short-term debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5748" NEWID="205">
+<DATE>26-FEB-1987 18:39:22.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0346&#31;reute
+r f BC-NYSE-TO-STUDY-REGULAT   02-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE TO STUDY REGULATION OF SECURITY INDUSTRY</TITLE>
+<DATELINE>    NEW YORK, Feb 26 - </DATELINE><BODY>The New York Stock Exchange said it will
+begin a review of regulation in the securities industry to
+determine what changes may be needed to maintain the integrity
+of the market and protect investors in coming years.
+    The Exchange said the study is needed because of the rapid
+changes taking place in the securities industry. Among the
+factors it cited were the increase in trading volume, the
+proliferation of new trading instruments and the rise of
+computerized trading techniques.
+    The Exchange did not mention, however, the insider trading
+scandal that has caught several top Wall Street executives.
+    The NYSE said its study will be chaired by Richard R.
+Shinn, executive vice chairman of the Exchange and former
+chairman and chief executive officer of &lt;Metropolitan Life
+Insurance Co.>
+    Other members of the study committee include Charles F.
+Barbar, former chairman of Arsarco Inc &lt;AR>, Roger Birk,
+chairman emeritus of Merrill Lynch and Co &lt;MER> and Irwin
+Guttag, chairman of the NYSE special surveillance committee.
+    The committee's report should be completed by the end of
+the year, the Exchange said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5749" NEWID="206">
+<DATE>26-FEB-1987 18:40:00.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0347&#31;reute
+r f BC-KOREAN-AIR-ORDERS-MCD   02-26 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOREAN AIR ORDERS MCDONNELL DOUGLAS &lt;MD> MD-11S</TITLE>
+<DATELINE>    LOS ANGELES, Feb 26 - </DATELINE><BODY>McDonnell Douglas Corp said Korean
+Air signed formal orders for four MD-11 jets with options to
+buy four more.
+    The company said if the options are exercised, the purchase
+will total about one billion dlrs.
+    McDonnell Douglas said on December 30 that Korean Air was
+among the initial 12 customers that placed orders and options
+for 92 aircraft valued at about nine billion dlrs.
+    Delivery of the first MD-11 is scheduled for the summer of
+1990.
+   
+    Korean Airlines currently operates four McDonnell Douglas
+DC-10 jets. In 1985, it ordered six MD-82s valued at about 150
+mln dlrs. Four of these are in service and two will be
+delivered this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5750" NEWID="207">
+<DATE>26-FEB-1987 18:45:03.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0356&#31;reute
+u f AM-LAUNCH   02-26 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTA ROCKET BLASTS OFF FROM CAPE CANAVERAL</TITLE>
+<DATELINE>    CAPE CANAVERAL, Fla., Feb 26 - </DATELINE><BODY>An unmanned Delta rocket
+carrying a 57 mln dlr hurricane-tracking satellite blasted off
+here today in NASA's first successful launch of the year.
+    The 116-foot (35.4-meter) Delta -- a reliable workhorse of
+the U.S. rocket fleet -- lifted off at 1805 EST from Cape
+Canaveral Air Force Station in a crucial test of the space
+agency's ability to recover from the Challenger disaster and a
+string of other failures.
+    The launch came after two delays in two days. The first
+postponement was caused by fuel leak and the second by
+high-speed crosswinds that NASA officials say could have torn
+the rocket apart during fiery ascent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5751" NEWID="208">
+<DATE>26-FEB-1987 18:46:50.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0358&#31;reute
+d f BC-JAPAN-TO-TRY-TO-OPEN   02-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO TRY TO OPEN MARKET TO U.S. CAR PARTS</TITLE>
+<DATELINE>    WASHINGTON, Feb 26 - </DATELINE><BODY>Japan has pledged to try to increase
+its purchase of U.S. car parts and also to exchange data to
+monitor the purchases, the Commerce Department said.
+    U.S. negotiators opened talks last August with Japanese
+officials to try to force open the Japanese market to
+American-made parts in an effort to redress an estimated five
+billion dlr deficit in car parts trade.
+    Japan had agreed to try to increase purchases of U.S.-made
+parts by Japanese car makers and to begin long term contracts
+for parts purchases, a Commerce department official said.
+    He added that the agreement also said Japan agreed to try
+to devise a way to collect purchasing information in order to
+monitor progress in stepping up Japanese orders.
+    The Commerce Department said in a statement last year that
+"statistics support the perception in the United States that
+American auto parts suppliers are not welcome in the inner
+circles of Japan's auto companies and their traditional
+suppliers."
+    It estimated that while Japan's car firms sold almost five
+billion dlrs worth of parts in the United States in 1985, U.S.
+firms sold only one per cent of Japan's 55 billion dlr market.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5752" NEWID="209">
+<DATE>26-FEB-1987 18:50:30.59</DATE>
+<TOPICS><D>cpi</D><D>gnp</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>chirac</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0361&#31;reute
+u f BC-FRANCE-ECONOMY   02-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE FACES PRESSUE TO CHANGE POLICIES</TITLE>
+<AUTHOR>    By Brian Childs, Reuters</AUTHOR>
+<DATELINE>    PARIS, Feb 26 - </DATELINE><BODY>France's right wing government is facing
+growing pressure to modify its economic policies after revising
+down its 1987 growth targets and revising up its inflation
+forecasts for this year.
+    Moving reluctantly into line with most private sector
+forecasts the government yesterday raised its 1987 inflation
+estimate a half percentage point to 2.5 per cent and cut its
+economic growth estimate to between two and 2.8 per cent from a
+2.8 per cent target written into the annual budget last
+september.
+    Finance Minister Edouard Balladur said the revised figures
+would not push the government off its chosen mix of price
+deregulation, budget-cutting rigour and pay restraint.
+    But Trade Union leaders served immediate notice they would
+push to protect the purchasing power of their members, raising
+the spectre of a vicious spiral of wage and price rises.
+    And bank economists contacted by Reuters said they believed
+Prime Minister Jacques Chirac could be forced by slow growth
+and rising unemployment to reflate the economy later this year,
+perhaps in the autumn, to boost his prospects in Presidential
+elections due by April 1988.
+    "The outlook is more worrying than it was a few weeks ago,"
+said Societe Generale economist Alain Marais. "We have the
+impression it may be difficult to get even two per cent growth
+this year."
+    "The big question is whether the government's policy of wage
+moderation will be maintained," he added.
+    The government has set public sector wage rises at aboout
+1.7 per cent this year, with a three per cent ceiling for rises
+justified by increased productivity.
+    But the head of the socialist CFDT union federation, Edmond
+Maire, meeting with Chirac today, renewed union demands already
+rejected by the government for indexation clauses to be built
+into future pay contracts to safeguard workers against higher
+prices.
+    Calling the government's policies "unbalanced and unjust," he
+also demanded investment incentives to boost employment. He
+announced after his meeting that Chirac had told him the
+government would spend two billion francs on a series of
+measures to boost employment and training
+    Andre Bergeron, a widely respected leader of the moderate
+Force Ouvriere labour group, put similar demands to Chirac
+earlier in the week while the Communist-led CGT, the largest of
+France's unions, declared the defence of its members earnings
+its top priority.
+    But with unemployment nearing 11 per cent last month, and
+still rising, government supporters and some economic analysts
+said they were confident Chirac could resist union pay demands.
+    "Salary indexation was ended by the previous Socialist
+government and I dont think this administration is going to
+reverse that," commented Michel Develle, economist at
+recently-privatised Banque Paribas.
+    Damaging transport and electricity strikes over Christmas
+and the New Year, partly blamed by the government for higher
+inflation, had undermined the unions power and popularity, he
+said.
+    Develle said Paribas expected inflation to rise even more
+than the governments revised forecast, perhaps to 2.6 or 2.7
+per cent this year against last years 2.1 per cent.
+    "But that would still be an exceptional achievement
+considering that for the first time since the Second World War
+all french prices have been freed," he commented.
+    Finance Ministry officials said that the governments
+abolition of price and rent controls last year was responsible
+for nearly a quarter of a 0.9 per cent surge in January living
+costs.
+    But they claimed it was a once-off phenomenon that should
+have no knock-on impact on the rest of the year.
+    Both Marais and Develle said they agreed with that, so long
+as the government kept wages under control.
+    Prices could rise 1.5 per cent in the first three months of
+1987 and two per cent in the first half year, fractionally more
+than forecast this week by the National Statistics Institute,
+INSEE,  Marais said. But the second half year should be better,
+he added.
+    Ironically, one side effect of higher inflation could be to
+help the government achieve its aim of cutting the state budget
+deficit, several analysts said.
+    So long as public sector wages are held down, higher Value
+Added Tax receipts resulting from rising prices should offset a
+loss in revenues that otherwise would result from slower than
+expected growth, they said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5753" NEWID="210">
+<DATE>26-FEB-1987 19:00:16.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0375&#31;reute
+h f BC-GTI-CORP-&lt;GTI>-4TH-QT   02-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTI CORP &lt;GTI> 4TH QTR OPER NET</TITLE>
+<DATELINE>    SAN DIEGO, Feb 26 -
+    </DATELINE><BODY>Oper shr profit six cts vs loss two cts
+    Oper net profit 225,000 vs loss 91,000
+    Revs 4,814,000 vs 3,339,000
+    Year
+    Oper shr profit 12 cts vs loss two cts
+    Oper net profit 415,000 vs loss 73,000
+    Revs 16.4 mln vs 16.9 mln
+    Note: data does not include from discontinued operations,
+4th qtr 1986 gain of 632,000 dlrs, or 19 cts per shr; 4th qtr
+1985 loss of 250,000 dlrs, or seven cts per shr; 1986 year loss
+of 4,054,000 dlrs, or 1.17 dlrs per shr; and 1985 year loss of
+606,000 dlrs, or 17 cts per shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5754" NEWID="211">
+<DATE>26-FEB-1987 19:00:57.33</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0379&#31;reute
+d f BC-HOUSTON-OIL-&lt;HO>-RESE   02-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSTON OIL &lt;HO> RESERVES STUDY COMPLETED</TITLE>
+<DATELINE>    HOUSTON, Feb 26 - </DATELINE><BODY>Houston Oil Trust said that independent
+petroleum engineers completed an annual study that estimates
+the trust's future net revenues from total proved reserves at
+88 mln dlrs and its discounted present value of the reserves at
+64 mln dlrs.
+    Based on the estimate, the trust said there may be no money
+available for cash distributions to unitholders for the
+remainder of the year.
+    It said the estimates reflect a decrease of about 44 pct in
+net reserve revenues and 39 pct in discounted present value
+compared with the study made in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5755" NEWID="212">
+<DATE>26-FEB-1987 19:07:11.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0383&#31;reute
+h f BC-FAMOUS-RESTAURANTS-IN   02-26 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAMOUS RESTAURANTS INC &lt;FAMS> 4TH QTR LOSS</TITLE>
+<DATELINE>    SCOTTSDALE, Ariz., Feb 26 -
+    </DATELINE><BODY>Shr loss 2.07 dlrs vs loss eight cts
+    Net loss 11,445,000 vs loss 501,000
+    Revs 14.5 mln vs 11.0 mln
+    Year
+    Shr loss 1.91 dlrs vs profit four cts
+    Net loss 12,427,000 vs profit 211,000
+    Revs 60.8 mln vs 51.5 mln
+    Note: includes non-recurring charges of 12,131,000 dlrs in
+the 4th qtr and 12,500,000 dlrs in the year for reserve for
+underperforming restaurants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5756" NEWID="213">
+<DATE>26-FEB-1987 19:07:28.91</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0385&#31;reute
+b f BC-JAPAN-CONSUMER-PRICES   02-26 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CONSUMER PRICES FALL 0.4 PCT IN JANUARY</TITLE>
+<DATELINE>    TOKYO, Feb 27 - </DATELINE><BODY>Japan's unadjusted consumer price index
+(base 1985) fell 0.4 pct to 99.7 in January from the previous
+month, the government's Management and Coodination Agency said.
+    The fall compares with a decline of 0.2 pct in December.
+    The January index compared with a year earlier was down 1.1
+pct, the first drop larger than 1.0 pct since it fell 1.3 pct
+in September 1958.
+    Food costs rose in January from December but prices fell
+for clothing, footwear and utilities, causing the overall
+decline for the month.
+    Housing, medical and educations costs increased in January
+compared with a year earlier but the cost of utilities,
+gasoline and vegetables fell.
+    The unadjusted consumer price index for the Tokyo area
+(base 1985) was down 0.1 pct in mid-February from a month
+earlier at 100.2, reflecting lower prices for food, clothing
+and footwear. Compared with a year earlier, the index was down
+0.7 pct due to lower vegetable, fuel oil and utility costs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5757" NEWID="214">
+<DATE>26-FEB-1987 19:16:39.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0395&#31;reute
+u f BC-AVERY-&lt;AVY>-SETS-TWO   02-26 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVERY &lt;AVY> SETS TWO FOR ONE STOCK SPLIT</TITLE>
+<DATELINE>    PASADENA, Calif., Feb 26 - </DATELINE><BODY>Avery said its board authorizerd
+a two for one stock split, an increased in the quarterly
+dividend and plans to offer four mln shares of common stock.
+    The company said the stock split is effective March 16 with
+a distribution of one additional share to each shareholder of
+record March 9.
+    It said the quarterly cash dividend of 10.5 cts per share
+on the split shares, a 10.5 pct increase from the 19 cts per
+share before the split.
+    Avery said it will register with the Securities and
+Exchange Commission shrortly to offer four mln additional
+common shares. It will use the proceeds to repay debt, finance
+recent acquisitions and for other corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5758" NEWID="215">
+<DATE>26-FEB-1987 19:21:09.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0398&#31;reute
+r f BC-MICROSOFT-CORP-&lt;MSFT>   02-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROSOFT CORP &lt;MSFT> HALTS MS-DOS IMPORTS</TITLE>
+<DATELINE>    SAN FRANCISCO, Feb 26 - </DATELINE><BODY>Microsoft Corp said it obtained a
+federal court order to seize a shipment of over 15,000
+unauthorized copies of its MS-DOS operating system labeled
+"Falcon MS-DOS".
+    Federal marshals made the seizure in San Francisco on Feb
+17.
+    Microsoft said the U.S. District Court for the Northern
+District of California also granted it a temporary restraning
+order against Wetex International, Quadrant Corp and other
+persons, prohibiting copyright infringement by reproducing
+Microsoft software.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5759" NEWID="216">
+<DATE>26-FEB-1987 19:26:09.34</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0402&#31;reute
+u f BC--FEDERAL-RESERVE-WEEK   02-26 0087</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FEDERAL RESERVE WEEKLY M-2 COMPONENTS - FEB 26
+    Week Feb 16 vs Feb 9 (DAILY AVG BILLIONS)
+          Seasonally Adjusted      Unadjusted
+ Currency......186.9 vs 186.8....185.6 vs 185.7
+ Demand Depos..300.3 vs 300.0....291.5 vs 295.6
+ Other Check...242.9 vs 241.2....240.0 vs 242.7
+ Savings.......164.3 vs 163.2....162.8 vs 161.9
+ Small Time....362.2 vs 362.9....361.9 vs 362.7
+ MMDAs...(Commercial Bank Only)..378.2 vs 379.1
+ O/N Repos........................58.9 vs  59.0
+ O/N Euros........................18.6 vs  19.2
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5760" NEWID="217">
+<DATE>26-FEB-1987 19:43:08.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0406&#31;reute
+u f BC-JAPAN-MARCH-BOND-COUP   02-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MARCH BOND COUPON SEEN UNCHANGED AT FIVE PCT</TITLE>
+<DATELINE>     TOKYO, Feb 27 - </DATELINE><BODY>The Finance Ministry has proposed
+informally to its bond underwriting syndicate that the coupon
+on the January 10-year government bond remain unchanged from
+February at five pct, underwriting sources said.
+    They said the ministry wants a 0.50 yen raise in issue
+price from February to 99.50 to yield a record low 5.075 pct.
+    The 5.151 pct February bond issue yield was itself a record
+low. The proposed issue volume is 475 billion yen against the
+600 billion in February.
+    The underwriting syndicate is likely to accept the proposed
+terms immediately, the sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5761" NEWID="218">
+<DATE>26-FEB-1987 20:43:17.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0420&#31;reute
+u f BC-U.S.-LAUNCHES-WEATHER   02-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LAUNCHES WEATHER SATELLITE</TITLE>
+<DATELINE>    CAPE CANAVERAL, Fla, Feb 26 - </DATELINE><BODY>An unmanned Delta rocket
+carrying a 57 mln dlr weather observation satellite blasted off
+here today in the first U.S. Space launch of the year.
+    The 116-foot rocket lifted off at 1805 local time (2305
+GMT) and placed in orbit a 1,850 pound Geostationary
+Operational Environmental Satellite (GOES) to replace an
+identical one that was destroyed last May when a Delta rocket
+exploded after liftoff.
+    Weather forecasters have had only a single satellite to
+cover the entire U.S. Since another GOES failed in orbit in
+August 1984.
+    "We'll have both our weather eyes open again," said Thomas
+Pyke, a spokesman for the National Oceanic and Atmospheric
+Administration, which owns and operates the satellite.
+    The smooth launching came after two delays in as many days.
+The first was caused by a fuel leak and the second by powerful
+crosswinds.
+    The Delta was the first of six rockets scheduled for launch
+by the National Aeronautics and Space Administration this year.
+The launch marked the third straight success for the space
+program which was battered by a series of failures in 1986,
+including the loss of the Challenger shuttle.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5762" NEWID="219">
+<DATE>26-FEB-1987 20:50:44.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0428&#31;reute
+u f BC-ITALIAN-COALITION-MEE   02-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN COALITION MEETS AS GOVERNMENT CRISIS LOOMS</TITLE>
+<DATELINE>    ROME, Feb 27 - </DATELINE><BODY>Leaders of Italy's five coalition parties
+have agreed to meet today to try to settle their differences
+which are mainly between Prime Minister Bettino Craxi's
+Socialist Party and the majority Christian Democrats.
+    Sources close to Deputy Prime Minister Arnaldo Forlani said
+Craxi told him he would announce his resignation next week,
+allowing negotiations on a new government leader.
+    The conservative Christian Democrats demanded the meeting
+after Craxi said a pact agreed during a government crisis last
+August, under which he was to hand over the prime minister's
+job next month, was unlikely to be fulfilled.
+    Political sources said the Christian Democrats are likely
+to leave the coalition, which also includes Republicans, Social
+Democrats and Liberals, unless they get the prime minister's
+job. They said Craxi's plans to resign show he has decided to
+stick to the pact but talks on a leader, a government program
+and sharing of ministries will not be easy.
+    They said there is dissent among the partners and that
+Forlani has been trying to mediate to avoid a crisis. They said
+the five are likely to begin talks tomorrow on whether
+formation of a new government is feasible or early elections
+are inevitable. Elections are not due until 1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5763" NEWID="220">
+<DATE>26-FEB-1987 21:01:31.16</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>russell</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0432&#31;reute
+u f BC-N.Z.-CENTRAL-BANK-SEE   02-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. CENTRAL BANK SEES SLOWER MONEY, CREDIT GROWTH</TITLE>
+<DATELINE>    WELLINGTON, Feb 27 - </DATELINE><BODY>Monetary and credit growth rates in
+New Zealand are not expected to continue at current levels
+following the Reserve Bank's move to tighten liquidity late
+last year, Reserve Bank Governor Spencer Russell said.
+    The monetary and credit growth figures for the December
+quarter were probably artifically inflated by unusually high
+growth in inter-institutional lending activity on the short
+term money market, Russell said in a statement.
+    The bank moved to tighten liquidity when the initial signs
+of the recent expansion became apparent in September and
+October last year, Russell said.
+    Broadly defined M-3 figures released today showed growth of
+17.8 pct in the year ended December compared with 13.1 pct in
+the year ended September.
+    Annual growth of private sector credit in calendar 1986 was
+30.7 pct compared with 16.5 pct in the September year.
+    "Available evidence suggests that corporate customers,
+including non-bank financial institutions, have been exploiting
+differences between interest rates on overdrafts with trading
+banks and rates in the call market," Russell said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5764" NEWID="221">
+<DATE>26-FEB-1987 21:05:51.60</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0438&#31;reute
+u f BC-AVERAGE-YEN-CD-RATES   02-26 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVERAGE YEN CD RATES FALL IN LATEST WEEK</TITLE>
+<DATELINE>    TOKYO, Feb 27 - </DATELINE><BODY>Average interest rates on yen certificates
+of deposit, CD, fell to 4.27 pct in the week ended February 25
+from 4.32 pct the previous week, the Bank of Japan said.
+    New rates (previous in brackets), were -
+    Average CD rates all banks 4.27 pct (4.32)
+    Money Market Certificate, MMC, ceiling rates for the week
+starting from March 2          3.52 pct (3.57)
+    Average CD rates of city, trust and long-term banks
+    Less than 60 days          4.33 pct (4.32)
+    60-90 days                 4.13 pct (4.37)
+    Average CD rates of city, trust and long-term banks
+    90-120 days             4.35 pct (4.30)
+    120-150 days            4.38 pct (4.29)
+    150-180 days            unquoted (unquoted)
+    180-270 days            3.67 pct (unquoted)
+    Over 270 days           4.01 pct (unquoted)
+    Average yen bankers' acceptance rates of city, trust and
+long-term banks
+    30 to less than 60 days unquoted (4.13)
+    60-90 days              unquoted (unquoted)
+    90-120 days             unquoted (unquoted)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5765" NEWID="222">
+<DATE>26-FEB-1987 21:08:04.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0440&#31;reute
+u f BC-BRITAIN'S-ALLIANCE-OP   02-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN'S ALLIANCE OPPOSITION WINS BY-ELECTION</TITLE>
+<DATELINE>    LONDON, Feb 27 - </DATELINE><BODY>Britain's centrist Liberal-Social
+Democratic Alliance won a surprise victory in a parliamentary
+by-election in the London borough of Greenwich, a seat held by
+the main opposition Labour party for the past 50 years.
+    Rosie Barnes, a Social Democratic member of the Alliance,
+won with 18,287 votes, or 53 pct, and a majority of 6,611 seats
+over her nearest rival, Labour candidate Deirdre Wood.
+    The Conservatives came third with 3,852 votes.
+    The result is expected to play a key role in determining
+when Prime Minister Margaret Thatcher, leader of the ruling
+Conservatives, might call a general election.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5766" NEWID="223">
+<DATE>26-FEB-1987 21:26:39.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>uk</D><D>france</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0451&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   02-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - JAPAN EYEING FOREIGN STOCKS</TITLE>
+<AUTHOR>    By Jeff Stearns, Reuters</AUTHOR>
+<DATELINE>    TOKYO, Feb 27 - </DATELINE><BODY>Japanese life insurers, trust banks and
+corporations, largely responsible for vitalising the U.S. Bond
+market in recent years, are now eyeing stockmarkets in the
+U.S., Britain, France and Hong Kong, fund managers said.
+    After concentrating on U.S. Treasury bonds for years,
+Japanese institutions now see a risk in relying too much on
+similar types of investments, they said.
+    Japan's net buying in overseas stockmarkets this year may
+double or triple to 15-20 billion dlrs from seven billion in
+1986, Shigeki Matsumoto of Nikko Securities Co Ltd, said.
+    Matsumoto, who manages Nikko's investment research and
+strategy, said there is evidence Japanese investors began
+poking around in foreign stockmarkets around July last year,
+but few made firm commitments until December when net purchases
+suddenly grew to 1.5 billion dlrs from around 500 mln in each
+of the previous five months.
+    Net buying in 1985 totalled only 995 mln dlrs, he added.
+    This sudden penchent for overseas stocks is likely to draw
+the widest smiles from Wall Street because about 70 to 80 pct
+of funds will be invested in the U.S. Markets, Matsumoto said.
+    "The trend has been to head toward the U.S. Market, first
+because of its size and next because it has been successful
+over the last couple of years," said Eugene Atkinson, managing
+director of Goldman Sachs International Corp.
+    Wall Street's massive turnover offers good liquidity,
+enabling institutions to easily move large volumes of money in
+and out of shares with the minimum of risk, he added.
+    However, few see holdings in U.S. Treasuries dwindling.
+They will remain a Japanese mainstay, fund managers said.
+    Institutions, particularly life insurance companies which
+concentrate on income rather than capital gains to cover
+payouts to policy holders, are unlikely to sell their U.S.
+Treasuries, but will put in less money, said Shinichi Kobuse,
+manager of Yamaichi Securities Co Ltd's international fixed
+income activities.
+    There has been some selling of U.S. Bonds by short-term
+investors, but the selling is unlikely to amount to a
+significant chunk of Japanese bond holdings because the
+liquidity of the U.S. Bond market remains attractive, he added.
+    Kobuse said investment managers are bullish on the U.S.
+Equity markets despite predictions by economists the U.S.
+Economy will remain sluggish over the next couple of months.
+    Interest in Wall Street has been spurred by recent reports
+of significant growth in earnings by major U.S. Corporations,
+he added.
+    Yutaka Hashimoto general manager of Nippon Life Insurance
+Co told an economic conference that insurance companies, which
+are responsible for 26 pct of Japanese funds in foreign
+securities, hold a lopsided proportion of U.S. Treasuries and
+intend to diversify into other instruments and currencies.
+    Insurance companies have put the dominant portion of their
+funds into the U.S., But will now invest in Britain, West
+Germany, France and other countries, Hashimoto said.
+    Lower interest rates worldwide make the returns on stocks
+relatively high in comparison with bonds and in light of the
+strength in the yen, the growth in stock values is expected to
+offset currency risks, he added.
+    One trust bank official said his bank aims for a 10 pct
+annual return on overseas investments but the recent decline in
+U.S. 30-year bond yields has caused a rethink in pension fund
+investment stategies.
+    The bank is looking more at U.S. Equities and European
+bonds, he said.
+    Japanese investments in British equities have already
+turned active and the pace is likely to increase, said Andrew
+Sheaf, general manager of international equity activities at
+County Securities Japan.
+    "Last week was the busiest week we had," he said.
+    Investments are being spurred by the growth in profits of
+British companies and the recent deregulation of government
+controlled firms, fund managers said.
+    Deregulation in France is also attracting Japanese
+interest, but stock investments there will be inhibited by
+worries about the French franc, they said.
+    Investments in Hong Kong will be mostly short-term and
+speculative due to uncertainty about the colony's long-term
+political stability, they added.
+    Japanese investors are cautious about West Germany,
+particularly as German firms, like their Japanese counterparts,
+are concerned about the recent dollar fall.
+    Australia also poses some risks due to currency values,
+they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5767" NEWID="224">
+<DATE>26-FEB-1987 22:06:38.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0469&#31;reute
+u f BC-TAIWAN-OFFSHORE-BANKI   02-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN OFFSHORE BANKING ASSETS RISE IN JANUARY</TITLE>
+<DATELINE>    TAIPEI, Feb 27 - </DATELINE><BODY>The combined assets of Taiwan's offshore
+banking units (obu) rose to 6.28 billion U.S. Dlrs at end-
+January from 6.21 billion in December and 6.34 billion in
+January 1986, the central bank said.
+    A bank official told Reuters the increase came mainly from
+increased local obu borrowings from their Asian counterparts.
+    He said the assets, held by 15 foreign and local banks,
+were mainly in U.S. Dollars with the remainder in certificates
+of deposit and bonds. About 90 pct of the assets came from Asia
+and the rest from North America and Europe, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5768" NEWID="225">
+<DATE>26-FEB-1987 22:22:02.97</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0476&#31;reute
+u f BC-JAPAN-EXPECTED-TO-CUT   02-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN EXPECTED TO CUT BASE RATE FOR STATE BODIES</TITLE>
+<DATELINE>    TOKYO, Feb 27 - </DATELINE><BODY>Japan is expected to cut the base lending
+rate for state financial institutions to 5.5 pct from 6.2 as
+part of the recent pact by major industrial nations in Paris,
+Finance Ministry sources said.
+    They said the cut is based on a revision of the Trust Fund
+Bureau Law, which should be approved by parliament on March 3,
+abolishing the 6.05 pct minimum interest rate on deposits with
+the bureau.
+    The bureau channels funds to government financial
+institutions for public works and other official uses, they
+said.
+    The base lending rate for state bodies such as the Japan
+Development Bank, People's Finance Corp and the finance
+corporations of local public enterprises usually moves in
+tandem with long-term prime rates, the sources said.
+    However, it was impossible for them to follow the last cut,
+to 5.8 pct from 6.2 pct on January 28, because the Trust Fund
+Bureau rate was legally set at 6.05 pct.
+    The ministry will abolish the minimum rate and introduce a
+market-related one to resolve the problem and stimulate the
+domestic economy, they said.
+    On Tuesday, the ministry allowed long-term bankers to cut
+their prime to a record low of 5.5 pct, effective February 28.
+The move suggested it had reached agreement with depositors
+using the bureau, the postal savings system of the Posts and
+Telecommunications Ministry and the Japan welfare annuity of
+the Ministry of Health and Welfare, the sources said.
+    These ministries are trying to determine which market rates
+should be considered when setting the bureau's deposit rate,
+the ministry sources said.
+    Coupon rates on new 10-year government bonds, minus 0.1
+percentage points, is the likeliest choice, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5769" NEWID="226">
+<DATE>26-FEB-1987 22:50:01.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0487&#31;reute
+u f BC-JAPAN-HOUSE-BUDGET-TA   02-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN HOUSE BUDGET TALKS TO REOPEN NEXT WEEK</TITLE>
+<DATELINE>    TOKYO, Feb 27 - </DATELINE><BODY>Japan's ruling and opposition parties
+agreed to reopen talks on the budget for the fiscal year ending
+March 31 1988 when the Lower House Budget Committee meets next
+Tuesday, a parliamentary official said.
+    He said officials of the ruling Liberal Democratic Party
+and the opposition parties agreed at a meeting of the
+committee's board of directors.
+    Strong opposition objection to government tax reform
+proposals including a controversial sales tax has delayed
+deliberation by the Lower House Budget Committee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5770" NEWID="227">
+<DATE>26-FEB-1987 22:54:22.27</DATE>
+<TOPICS><D>gnp</D><D>bop</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>keating</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0490&#31;reute
+u f BC-AUSTRALIA'S-KEATING-C   02-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA'S KEATING CHANGES ECONOMIC FORECASTS</TITLE>
+<DATELINE>    CANBERRA, Feb 27 - </DATELINE><BODY>Domestic demand is now expected to make
+no contribution to Australian economic growth in fiscal
+1986/87, ending June 30, while net exports will account for all
+of the overall increase, Treasurer Paul Keating said here.
+    However, he did not say in his speech to the Economic
+Planning Advisory Council (EPAC) if the forecast 2.25 pct rise
+in gross domestic product (gdp) had been revised.
+    But Keating said domestic demand could fall slightly this
+financial year and net export growth will provide the total
+source of gdp growth.
+    The August budget had forecast domestic demand would
+contribute 0.75 percentage points to non-farm gdp growth of 2.5
+pct while net exports would account for 1.75 points.
+    Keating said the overall impact of the changed economic
+parameters is welcome as it appears to have contributed to a
+slightly more rapid correction in the current account deficit
+than first anticipated.
+    "The government initially forecast a current account deficit
+for 1986/87 of 14.75 billion -- our present expectation is that
+the result will be somewhat lower, around 14 billion," he said.
+    Partial indicators released since the last meeting of EPAC
+in December indicate that the 1986/87 budget strategy is
+broadly on track, Keating said.
+    "They indicate that domestic demand has been a little more
+sluggish than was expected at budget time," he said.
+    "On the other hand, net exports seem to be expanding by more
+than expected at budget time, and this is underpinning growth
+in domestic production and employment."
+    Keating said it now seems likely that the 1986/87 inflation
+rate will exceed the budget forecast of eight pct.
+    "Nevertheless, there is likely to be a marked slowing in
+inflation over coming quarters as depreciation and budgetary
+effects wane," he said.
+    Keating said the government expects economic growth to pick
+up moderately in 1987/88 due to a further significant rise in
+net exports and a very moderate but positive contribution from
+private domestic demand.
+    He said domestic demand growth will be due to a
+strengthening in real household disposable income.
+    The moderate rise in economic growth next financial year
+should be sufficient to sustain employment growth at a level
+broadly equivalent to that of the current fiscal year.
+    "The current account deficit will continue to show
+improvement in 1987/88," Keating said.
+    "As the impact of the exchange rate depreciations of recent
+years recede further, and given continued effective wage
+restraint, inflation should moderate markedly in 1987/88," he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5771" NEWID="228">
+<DATE>26-FEB-1987 23:06:45.13</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0498&#31;reute
+u f BC-THAI-RICE-EXPORTS-RIS   02-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI RICE EXPORTS RISE IN WEEK ENDED FEBRUARY 24</TITLE>
+<DATELINE>    BANGKOK, Feb 27 - </DATELINE><BODY>Thailand exported 84,960 tonnes of rice
+in the week ended February 24, up from 80,498 the previous
+week, the Commerce Ministry said.
+    It said government and private exporters shipped 27,510 and
+57,450 tonnes respectively.
+    Private exporters concluded advance weekly sales for 79,448
+tonnes against 79,014 the previous week.
+    Thailand exported 689,038 tonnes of rice between the
+beginning of January and February 24, up from 556,874 tonnes
+during the same period last year. It has commitments to export
+another 658,999 tonnes this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5772" NEWID="229">
+<DATE>26-FEB-1987 23:36:10.22</DATE>
+<TOPICS><D>soybean</D><D>red-bean</D><D>oilseed</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0506&#31;reute
+u f BC-TOKYO-GRAIN-EXCHANGE   02-26 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO GRAIN EXCHANGE TO RAISE MARGIN REQUIREMENTS</TITLE>
+<DATELINE>    TOKYO, Feb 27 - </DATELINE><BODY>The Tokyo Grain Exchange said it will raise
+the margin requirement on the spot and nearby month for U.S.
+And Chinese soybeans and red beans, effective March 2.
+    Spot April U.S. Soybean contracts will increase to 90,000
+yen per 15 tonne lot from 70,000 now. Other months will stay
+unchanged at 70,000, except the new distant February
+requirement, which will be set at 70,000 from March 2.
+    Chinese spot March will be set at 110,000 yen per 15 tonne
+lot from 90,000. The exchange said it raised spot March
+requirement to 130,000 yen on contracts outstanding at March
+13. Chinese nearby April rises to 90,000 yen from 70,000.
+    Other months will remain unchanged at 70,000 yen except new
+distant August, which will be set at 70,000 from March 2.
+    The new margin for red bean spot March rises to 150,000 yen
+per 2.4 tonne lot from 120,000 and to 190,000 for outstanding
+contracts as of March 13.
+    The nearby April requirement for red beans will rise to
+100,000 yen from 60,000, effective March 2.
+    The margin money for other red bean months will remain
+unchanged at 60,000 yen, except new distant August, for which
+the requirement will also be set at 60,000 from March 2.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8315" NEWID="230">
+<DATE>1-MAR-1987 01:30:29.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0355&#31;reute
+b f BC-MANILA-SAID-TO-OFFER   03-01 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANILA SAID TO OFFER DEBT BONDS TO BANKS</TITLE>
+<DATELINE>    MANILA, March 1 - </DATELINE><BODY>The Philippines will offer its commercial
+bank creditors an innovative pricing plan that will make debt
+payments through certificates of indebtedness as an alternative
+to cash, the authoritative Business Day newspaper said.
+    Finance Secretary Jaime Ongpin told reporters yesterday the
+alternative proposal is designed to avoid an impasse when debt
+rescheduling talks reopen in New York on Tuesday.
+    He did not give details but said, "It is a very useful
+alternative and in the end will permit the banks to say that
+they achieved their pricing target and will likewise permit the
+Philippines to say exactly the same thing."
+    Quoting negotiation documents to be presented to the
+country"s 12-bank advisory committee, Business Day said the debt
+certificates will carry maturities of five or six years.
+    It said the certificates will be classified as zero-coupon
+bonds or promissory notes with no interest but priced at a
+considerable discount from their redemption price.
+    It said the debt bonds will entitle holder banks to a
+guaranteed return on both interest and principal since no
+payment of any kind is made until the bond matures.
+    It said a bank can sell the bonds on the secondary bond
+market for either dlrs or pesos depending on its requirement.
+    The documents said peso proceeds can be invested in
+selected industries under the Philippines" debt/equity program.
+    Ongpin said Manila is sticking to its demand of a spread of
+5/8 percentage points over London Interbank Offered Rates
+(LIBOR) for restructuring 3.6 billion dlrs of debt repayments.
+    "(The proposal) will give the banks a choice of 5/8ths or
+the alternative," Ongpin said. "Our representatives have gone to
+Washington to the (International Monetary) Fund, the (World)
+Bank, the Fed (Federal Reserve Board) and the (U.S.) Treasury
+to brief them in advance on this alternative and it has
+generally been positively received."
+    "We don"t believe that there is going to be a problem on the
+accounting side," Ongpin said. "We have run this alternative
+proposal to the accounting firms. Neither have the government
+regulators indicated that there will be a problem."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8316" NEWID="231">
+<DATE> 1-MAR-1987 01:41:26.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0359&#31;reute
+u f BC-POLL-MAJORITY-DISAPPR   03-01 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLL MAJORITY DISAPPROVE OF REAGAN PRESIDENCY</TITLE>
+<DATELINE>    NEW YORK, March 1 - </DATELINE><BODY>A majority of Americans disapprove of
+the way Ronald Reagan has handled the presidency and one-third
+believe he should resign, a new poll said.
+    The poll conducted by Newsweek magazine said 53 pct of the
+respondents gave Reagan a negative performance rating, nearly
+double his disapproval rating before the Iran/Contra scandal.
+    The magazine said, however, that Reagan remained personally
+popular. By better than a three-to-one ratio, a majority of
+those polled said they liked Reagan on a personal level.
+    And Newsweek said 52 per cent of those questioned believed
+the administration"s accomplishments outweighed its failures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8317" NEWID="232">
+<DATE> 1-MAR-1987 01:49:03.52</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0360&#31;reute
+b f BC-PRODUCER-SPLIT-HEATS   03-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRODUCER SPLIT HEATS UP COFFEE QUOTA TALKS</TITLE>
+<AUTHOR>    By Lisa Vaughan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 1 - </DATELINE><BODY>Talks on the possibility of reintroducing
+global coffee export quotas have been extended into today, with
+sparks flying yesterday when a dissident group of exporters was
+not included in a key negotiating forum.
+    The special meeting of the International Coffee
+Organization (ICO) council was called to find a way to stop a
+prolonged slide in coffee prices.
+    However, delegates said no solution to the question of how
+to implement quotas was yet in sight.
+    World coffee export quotas -- the major device used to
+regulate coffee prices under the International Coffee Agreement
+-- were suspended a year ago when prices soared in reaction to
+a drought which cut Brazil"s output by nearly two thirds.
+    Brazil is the world"s largest coffee producer and exporter.
+    Producers and consumers now are facing off over the
+question of how quotas should be calculated under any future
+quota distribution scheme, delegates said.
+    Tempers flared late Saturday when a minority group of eight
+producing countries was not represented in a contact group of
+five producer and five consumer delegates plus alternates which
+was set up to facilitate debate.
+    The big producers "want to have the ball only in their court
+and it isn"t fair," minority producer spokesman Luis Escalante of
+Costa Rica said.
+    The majority producer group has proposed resuming quotas
+April 1, using the previous ad hoc method of carving up quota
+shares, with a promise to try to negotiate basic quotas before
+September 30, delegates said.
+    Their plan would perpetuate the status quo, allowing Brazil
+to retain almost all of its current 30 pct share of the export
+market, Colombia 17 pct, Ivory Coast seven pct and Indonesia
+six pct, with the rest divided among smaller exporters.
+    But consuming countries and the dissident producer group
+have tabled separate proposals requiring quotas be determined
+by availability, using a formula incorporating exportable
+production and stocks statistics.
+    Their proposals would give Brazil a smaller quota share and
+Colombia and Indonesia a larger share, and bring a new quota
+distribution scheme into effect now rather than later.
+    Brazil has so far been unwilling to accept any proposal
+that would reduce its quota share, delegates said.
+    Delegates would not speculate on prospects for agreement on
+a quota package. "Anything is possible at this phase," even
+adjournment of the meeting until March or April, one said.
+    If the ICO does agree on quotas, the price of coffee on the
+supermarket shelf is not likely to change sinnificantly as a
+result, industry sources said.
+    Retail coffee prices over the past year have remained about
+steady even though coffee market prices have tumbled, so an
+upswing probably will not be passed onto the consumer either,
+they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8318" NEWID="233">
+<DATE> 1-MAR-1987 02:02:38.54</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0365&#31;reute
+u f BC-ITALIAN-TREASURY-CUTS   03-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN TREASURY CUTS INTEREST ON CERTIFICATES</TITLE>
+<DATELINE>    ROME, March 1 - </DATELINE><BODY>The Italian treasury said annual coupon
+rates payable March 1988 on two issues of long-term treasury
+certificates (CCTs) would be cut by about four percentage
+points compared with rates this March.
+    Coupon rates on 10-year certificates maturing March 1995
+will fall to 9.80 pct from 13.65 pct and rates on 10-year
+issues maturing in March 1996 would fall to 10.05 pct from
+14.30 pct.
+    The Treasury also cut by 0.60 point six-monthly coupons
+payable this September on six issues maturing between September
+1988 and September 1991.
+    The issues carry terms of between five and seven years and
+will have coupon rates of between 4.85 and 5.65 pct in
+September compared with 5.45 and 6.25 pct this March.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8319" NEWID="234">
+<DATE> 1-MAR-1987 02:07:44.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0367&#31;reute
+u f BC-BRITISH-CONSERVATIVES   03-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH CONSERVATIVES AHEAD OF LABOUR IN NEW POLLS</TITLE>
+<DATELINE>    LONDON, March 1 - </DATELINE><BODY>Britain"s ruling Conservatives have
+enlarged their lead over the opposition Labour Party, according
+to results of two opinion polls released on Saturday.
+    A Market &amp; Opinion Research International (MORI) poll
+conducted for The Sunday Times showed the Conservatives with a
+six point lead, while a poll by Telephone Surveys Limited for
+The Sunday Express found them to be four points ahead.
+    The Sunday Express poll is the first conducted since the
+Social Democratic Party scored an upset victory on Thursday in
+a parliamentary by-election in the former Labour stronghold of
+Greenwich, near London.
+    The MORI poll, conducted in the six days leading up to the
+by-election, showed the Conservatives with 41 pct of the vote,
+Labour with 35 pct and the Alliance of Social Democrats and
+Liberals with 21 pct.
+    The Sunday Express said its poll, conducted on Friday,
+found the Conservatives ahead with 35.6 pct of the vote, Labour
+with 31.9 pct and the Alliance with 31.4 pct.
+    A Harris poll published in The Observer newspaper last
+Sunday gave the Conservatives only a two-point lead over
+Labour. In that survey, the Conservatives had the support of 39
+pct of the voters, Labour 37 pct and the Alliance 23 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8320" NEWID="235">
+<DATE> 1-MAR-1987 03:09:07.13</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>rice</D><D>veg-oil</D><D>soybean</D><D>sugar</D><D>rubber</D><D>copra-cake</D><D>corn</D><D>palm-oil</D><D>palmkernel</D><D>coffee</D><D>tea</D><D>plywood</D><D>soy-meal</D><D>cotton</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0369&#31;reute
+u f BC-INDONESIAN-AGRICULTUR   03-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN AGRICULTURE GROWTH EXPECTED TO SLOW</TITLE>
+<DATELINE>    JAKARTA, March 1 - </DATELINE><BODY>Indonesia"s agriculture sector will grow
+by just 1.0 pct in calendar 1987, against an estimated 2.4 pct
+in 1986 as the production of some commodities stagnates or
+declines, the U.S. Embassy said in a report.
+    Production of Indonesia"s staple food, rice, is forecast to
+fall to around 26.3 mln tonnes from an embassy estimate of
+26.58 mln tonnes in 1986, according to the annual report on
+Indonesia"s agricultural performance.
+    The government officially estimates 1986 rice production at
+26.7 mln tonnes, with a forecast 27.3 mln tonnes output in
+1987.
+    The report says wheat imports are likely to fall to 1.5 mln
+tonnes in calendar 1987 from 1.69 mln tonnes in 1986 because of
+a drawdown on stocks.
+    "Growth prospects for agriculture in 1987 do not look
+promising as rice production is forecast to decline and the
+production of sugarcane, rubber and copra show little or no
+gain," the report says.
+    "The modest overall increase which is expected will be due
+to significant gains in production of corn soybeans, palm oil
+and palm kernels."
+    Constraints to significant overall increases in
+agricultural output include a shortage of disease resistant
+seeds, limited fertile land, insect pests and a reluctance by
+farmers to shift from rice production to other crops, the
+report underlines.
+    The fall in rice production is caused by an outbreak of
+pests known as "wereng" or brown plant hoppers in 1986 which
+largely offset gains in yields.
+    The outbreak has forced the government to ban the use of 57
+insecticides on rice because it was believed the wereng are now
+resistant to these varieties, and to use lower-yielding, more
+resistant rice types.
+    The government is depending on increased production of
+export commodities such as coffee, tea, rubber, plywood and
+palm oil to offset revenue losses brought on by falling crude
+oil prices.
+    Palm oil production is expected to increase by over 7.0 pct
+in 1987 to 1.45 mln tonnes from 1.35 mln, with exports rising
+to an estimated 720,000 tonnes from 695,000 tonnes in 1986, the
+report says.
+    But while production of soybeans in 1987/88 (Oct-Sept) will
+rise to 1.075 mln tonnes from 980,000 in 1986/87, imports will
+also rise to supply a new soybean crushing plant.
+    The report says that imports of wheat, soybeans, soybean
+meal and cotton are not likely to decline as a result of last
+September"s 31 pct devaluation of the rupiah because of a rise
+in domestic demand.
+    The report said that Indonesia"s overall economic
+performance in calendar 1986 was about zero or even a slight
+negative growth rate, the lowest rate of growth since the
+mid-1960s. It compares with 1.9 pct growth in 1985 and 6.7 pct
+in 1984.
+    The dramatic fall in oil prices last year was responsible
+for the slump.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8321" NEWID="236">
+<DATE> 1-MAR-1987 03:25:46.85</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>kuwait</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0374&#31;reute
+b f BC-KUWAIT-SAYS-NO-PLANS   03-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT SAYS NO PLANS FOR EMERGENCY OPEC TALKS</TITLE>
+<DATELINE>    KUWAIT, March 1 - </DATELINE><BODY>Kuwait"s Oil Minister, in remarks
+published today, said there were no plans for an emergency OPEC
+meeting to review oil policies after recent weakness in world
+oil prices.
+    Sheikh Ali al-Khalifa al-Sabah was quoted by the local
+daily al-Qabas as saying: "None of the OPEC members has asked
+for such a meeting."
+    He denied Kuwait was pumping above its quota of 948,000
+barrels of crude daily (bpd) set under self-imposed production
+limits of the 13-nation organisation.
+    Traders and analysts in international oil markets estimate
+OPEC is producing up to one mln bpd above a ceiling of 15.8 mln
+bpd agreed in Geneva last December.
+    They named Kuwait and the United Arab Emirates, along with
+the much smaller producer Ecuador, among those producing above
+quota. Kuwait, they said, was pumping 1.2 mln bpd.
+    "This rumour is baseless. It is based on reports which said
+Kuwait has the ability to exceed its share. They suppose that
+because Kuwait has the ability, it will do so," the minister
+said.
+    Sheikh Ali has said before that Kuwait had the ability to
+produce up to 4.0 mln bpd.
+    "If we can sell more than our quota at official prices,
+while some countries are suffering difficulties marketing their
+share, it means we in Kuwait are unusually clever," he said.
+    He was referring apparently to the Gulf state of qatar,
+which industry sources said was selling less than 180,000 bpd
+of its 285,000 bpd quota, because buyers were resisting
+official prices restored by OPEC last month pegged to a marker
+of 18 dlrs per barrel.
+    Prices in New York last week dropped to their lowest levels
+this year and almost three dollars below a three-month high of
+19 dollars a barrel.
+    Sheikh Ali also delivered "a challenge to any international
+oil company that declared Kuwait sold below official prices."
+    Because it was charging its official price, of 16.67 dlrs a
+barrel, it had lost custom, he said but did not elaborate.
+    However, Kuwait had guaranteed markets for its oil because
+of its local and international refining facilities and its own
+distribution network abroad, he added.
+    He reaffirmed that the planned meeting March 7 of OPEC"s
+differentials committee has been postponed until the start of
+April at the request of certain of the body"s members.
+    Ecuador"s deputy energy minister Fernando Santos Alvite said
+last Wednesday his debt-burdened country wanted OPEC to assign
+a lower official price for its crude, and was to seek this at
+talks this month of opec"s pricing committee.
+    Referring to pressure by oil companies on OPEC members, in
+apparent reference to difficulties faced by Qatar, he said: "We
+expected such pressure. It will continue through March and
+April." But he expected the situation would later improve.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8322" NEWID="237">
+<DATE> 1-MAR-1987 03:39:14.63</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0379&#31;reute
+u f BC-INDONESIA-SEEN-AT-CRO   03-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA SEEN AT CROSSROADS OVER ECONOMIC CHANGE</TITLE>
+<AUTHOR>    By Jeremy Clift, Reuters</AUTHOR>
+<DATELINE>    JAKARTA, March 1 - </DATELINE><BODY>Indonesia appears to be nearing a
+political crossroads over measures to deregulate its protected
+economy, the U.S. Embassy says in a new report.
+    To counter falling oil revenues, the government has
+launched a series of measures over the past nine months to
+boost exports outside the oil sector and attract new
+investment.
+    Indonesia, the only Asian member of OPEC and a leading
+primary commodity producer, has been severely hit by last year"s
+fall in world oil prices, which forced it to devalue its
+currency by 31 pct in September.
+    But the U.S. Embassy report says President Suharto"s
+government appears to be divided over what direction to lead
+the economy.
+    "(It) appears to be nearing a crossroads with regard to
+deregulation, both as it pertains to investments and imports,"
+the report says. It primarily assesses Indonesia"s agricultural
+sector, but also reviews the country"s general economic
+performance.
+    It says that while many government officials and advisers
+are recommending further relaxation, "there are equally strong
+pressures being exerted to halt all such moves."
+    "This group strongly favours an import substitution economy,"
+the report says.
+    Indonesia"s economic changes have been welcomed by the World
+Bank and international bankers as steps in the right direction,
+though they say crucial areas of the economy like plastics and
+steel remain highly protected, and virtual monopolies.
+    Three sets of measures have been announced since last May,
+which broadened areas for foreign investment, reduced trade
+restrictions and liberalised imports.
+    The report says Indonesia"s economic growth in calendar 1986
+was probably about zero, and the economy may even have
+contracted a bit. "This is the lowest rate of growth since the
+mid-1960s," the report notes.
+    Indonesia, the largest country in South-East Asia with a
+population of 168 million, is facing general elections in
+April.
+    But the report hold out little hope for swift improvement
+in the economic outlook. "For 1987 early indications point to a
+slightly positive growth rate not exceeding one pct. Economic
+activity continues to suffer due to the sharp fall in export
+earnings from the petroleum industry."
+    "Growth in the non-oil sector is low because of weak
+domestic demand coupled with excessive plant capacity, real
+declines in construction and trade, and a reduced level of
+growth in agriculture," the report states.
+    Bankers say continuation of present economic reforms is
+crucial for the government to get the international lending its
+needs.
+    A new World Bank loan of 300 mln dlrs last month in balance
+of payments support was given partly to help the government
+maintain the momentum of reform, the Bank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8323" NEWID="238">
+<DATE> 1-MAR-1987 04:00:48.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE><D>gandhi</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0384&#31;reute
+u f BC-INDIAN-BUDGET-COMES-I   03-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN BUDGET COMES IN FOR WIDE CRITICISM</TITLE>
+<DATELINE>    NEW DELHI, March 1 - </DATELINE><BODY>Opposition politicians, businessmen
+and newspapers criticised India"s newly unveiled 1987/88 budget
+and large projected deficit of around 57 billion rupees.
+    They said the budget failed to provide incentives for
+economic growth and merely tinkered with tax reform.
+    But few politicians were prepared to criticise a sharp rise
+in defence expenditure in the Hindu-majority nation where
+playing on fear of aggression by Moslem Pakistan has proved a
+vote winner. The Indian Express, the country"s biggest selling
+paper, said: "The defence cow has never been holier."
+    The Sunday Mail newspaper branded the budget "shamelessly
+political." It said in a front page commentary the "budget is bad
+for growth, bad for prices, bad for the stock market and
+neutral in respect of everything else."
+    Businessmen polled by Reuters said the budget had done
+little for them.
+    Gandhi announced small increases in poverty alleviation and
+education outlays but he ordered a hold-down on current
+expenditure in an attempt to rein in the budget deficit. He
+told ministries to curb spending and promised a review of
+money-losing public sector industries.
+    Gandhi lowered import tariffs on some computer parts but
+otherwise did little to extended the economic liberalisation
+policy launched two years ago.
+    Reaction in Bombay, India"s business capital, was generally
+unfavourable.
+    Businessmen and economists said the budget had no proposals
+for closing the 1987/88 budget deficit. It also failed to boost
+industrial investment and productivity needed to lift real
+economic growth above the five pct a year envisaged by the
+1985-90 development plan.
+    Nalin Vissanji, President of the Indian Merchants Chambers
+of Commerce said the budget gave no incentives to the capital
+market and had not fulfilled a government pledge to remove
+surtax on corporate income.
+    Shares on The Bombay Stock Exchange, India"s biggest, fell
+in a post-budget session yesterday but brokers welcomed Gandhi"s
+proposal to set up a regulatory board for the securities
+industry.
+    The exchange was shaken last year by several scandals and
+trading was suspended several times.
+    Brokers said trading volume may increase with the change in
+capital gains tax on stock sales.
+    Stockholders can now sell shares after one year instead of
+three years without incurring capital gains tax.
+    Stock Exchange President Ramdas Dalal said yesterday the
+fall in share prices after the budget came as profits were
+taken and he expected to the market to firm in days to come.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8324" NEWID="239">
+<DATE> 1-MAR-1987 04:33:10.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0389&#31;reute
+u f BC-CHINA-TO-BORROW-390-M   03-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TO BORROW 390 MLN DLRS</TITLE>
+<DATELINE>    PEKING, March 1 - </DATELINE><BODY>China will receive loans totalling 390
+mln dlrs from Japan and the World Bank for investment in new
+highways and port facilities.
+    The Japan Overseas Economic Co-operation Fund is to provide
+260 mln dlrs towards China"s plans to improve its road network,
+the official New China News Agency reported.
+    A 130 mln dlr World Bank loan will be used to build 12 new
+berths incorporating container handling systems at the
+northeast China port of Tianjin, the agency said.
+    It gave no details of the repayment terms of the loans.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8325" NEWID="240">
+<DATE> 1-MAR-1987 04:37:40.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0390&#31;reute
+b f BC-MANILA-SAID-TO-OFFER   03-01 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANILA SAID TO OFFER DEBT BONDS TO BANKS</TITLE>
+<DATELINE>    MANILA, March 1 - </DATELINE><BODY>The Philippines will offer its commercial
+bank creditors an innovative pricing plan that will make debt
+payments through certificates of indebtedness as an alternative
+to cash, the authoritative Business Day newspaper said.
+    Finance Secretary Jaime Ongpin told reporters yesterday the
+alternative proposal is designed to avoid an impasse when debt
+rescheduling talks reopen in New York on Tuesday.
+    He did not give details but said, "It is a very useful
+alternative and in the end will permit the banks to say that
+they achieved their pricing target and will likewise permit the
+Philippines to say exactly the same thing."
+    Quoting negotiation documents to be presented to the
+country's 12-bank advisory committee, Business Day said the
+debt certificates will carry maturities of five or six years.
+    It said the certificates will be classified as zero-coupon
+bonds or promissory notes with no interest but priced at a
+considerable discount from their redemption price.
+    It said the debt bonds will entitle holder banks to a
+guaranteed return on both interest and principal since no
+payment of any kind is made until the bond matures.
+    It said a bank can sell the bonds on the secondary bond
+market for either dlrs or pesos depending on its requirement.
+    The documents said peso proceeds can be invested in
+selected industries under the Philippines' debt/equity program.
+    Ongpin said Manila is sticking to its demand of a spread of
+5/8 percentage points over London Interbank Offered Rates
+(LIBOR) for restructuring 3.6 billion dlrs of debt repayments.
+    "(The proposal) will give the banks a choice of 5/8ths or
+the alternative," Ongpin said. "Our representatives have gone to
+Washington to the (International Monetary) Fund, the (World)
+Bank, the Fed (Federal Reserve Board) and the (U.S.) Treasury
+to brief them in advance on this alternative and it has
+generally been positively received."
+    "We don't believe that there is going to be a problem on the
+accounting side," Ongpin said. "We have run this alternative
+proposal to the accounting firms. Neither have the government
+regulators indicated that there will be a problem."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8326" NEWID="241">
+<DATE> 1-MAR-1987 04:39:39.95</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0398&#31;reute
+u f BC-CHINESE-WHEAT-CROP-TH   03-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINESE WHEAT CROP THREATENED BY PESTS, DISEASE</TITLE>
+<DATELINE>    PEKING, March 1 - </DATELINE><BODY>China's wheat crop this year is seriously
+threatened by plant pests and diseases, the New China News
+Agency said.
+    More than 5 mln hectares of wheat-producing land in North
+China could be affected because relatively warm and dry weather
+had allowed bacteria and insect eggs to survive the winter, the
+agency added.
+    China"s Ministry of Agriculture, Animal Husbandry and
+Fisheries has called for measures including the timely supply
+of pesticides to farmers to combat the threat, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8327" NEWID="242">
+<DATE> 1-MAR-1987 05:27:27.17</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>bahrain</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0401&#31;reute
+u f BC-SAUDI-RIYAL-DEPOSIT-R   03-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI RIYAL DEPOSIT RATES REMAIN FIRM</TITLE>
+<DATELINE>    BAHRAIN, March 1 - </DATELINE><BODY>Saudi riyal interbank deposits were
+steady at yesterday's higher levels in a quiet market.
+    Traders said they were reluctant to take out new positions
+amidst uncertainty over whether OPEC will succeed in halting
+the current decline in oil prices.
+    Oil industry sources said yesterday several Gulf Arab
+producers had had difficulty selling oil at official OPEC
+prices but Kuwait has said there are no plans for an emergency
+meeting of the 13-member organisation.
+    A traditional Sunday lull in trading due to the European
+weekend also contributed to the lack of market activity.
+    Spot-next and one-week rates were put at 6-1/4, 5-3/4 pct
+after quotes ranging between seven, six yesterday.
+    One, three, and six-month deposits were quoted unchanged at
+6-5/8, 3/8, 7-1/8, 6-7/8 and 7-3/8, 1/8 pct respectively.
+    The spot riyal was quietly firmer at 3.7495/98 to the
+dollar after quotes of 3.7500/03 yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8328" NEWID="243">
+<DATE> 1-MAR-1987 05:34:32.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0403&#31;reute
+u f BC-IRAN-CLAIMS-NEW-VICTO   03-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN CLAIMS NEW VICTORIES NEAR BASRA</TITLE>
+<DATELINE>    LONDON, March 1 - </DATELINE><BODY>Iran said its forces had captured one of
+Iraq's strongest fortifications east of Basra on the Gulf War
+southern front in a major battle overnight.
+    The Iranian National News Agency, received here, said
+Iranian forces smashed four Iraqi brigades, killed or wounded
+1,500 Iraqi soldiers and destroyed 45 enemy tanks and personnel
+carriers.
+    IRNA said the Iranian troops seized one of the strongest
+Iraqi fortifications and breached Iraqi defence lines southwest
+of Fish Lake, 10 kilometres (six miles) east of Iraq's second
+largest city of Basra.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8329" NEWID="244">
+<DATE> 1-MAR-1987 05:59:16.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0404&#31;reute
+u f BC-BANGLADESH-MOVES-AGAI   03-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH MOVES AGAINST LOAN DEFAULTERS</TITLE>
+<DATELINE>    DHAKA, March 1 - </DATELINE><BODY>Bangladesh police mounted a cross-country
+hunt for defaulters on bank loans, arresting four
+industrialists and issuing arrest warrants against 50 others
+for failure to repay overdue obligations. No names were given.
+    Metropolitan police told reporters the four arrested, put
+under six month pre-trial detention, owed nearly 50.7 mln taka
+-- the equivalent of about 1.7 mln dlrs -- to Bangladesh Shilpa
+(Industrial) Bank.
+    President Hossain Mohammad Ershad has said non-payers are
+crippling the industrial sector. But the Chamber of Commerce
+and industry said the crackdown would scare away entrepreneurs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8330" NEWID="245">
+<DATE> 1-MAR-1987 07:05:40.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0409&#31;reute
+u f BC-IRAQ-SAYS-IT-REPELS-I   03-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IT REPELS IRANIAN ATTACK</TITLE>
+<DATELINE>    BAGHDAD, March 1 - </DATELINE><BODY>Iraq said its troops repelled an
+overnight attack by three divisions of Iranian Revolutionary
+Guards near Basra in southern Iraq.
+    A military communique said the Iranians in a "perfidious"
+attack rushed forward positions last night and this morning.
+    A military spokesman later said the Iraqi Third Army Corps,
+whose troops fought off the Iranians, had a new commander,
+revealing for the first time that the previous general had been
+replaced. He said Lieutenant General Dhiya'uldin Jamal, former
+commander of the Fifth Army Corps, also positioned in the Basra
+area, had replaced Major General Tala' Khalil al-Douri.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8331" NEWID="246">
+<DATE> 1-MAR-1987 08:22:30.94</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>qatar</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0413&#31;reute
+u f BC-QATAR-UNVEILS-BUDGET   03-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QATAR UNVEILS BUDGET FOR FISCAL 1987/88</TITLE>
+<DATELINE>    DOHA, March 1 - </DATELINE><BODY>The Gulf oil state of Qatar, recovering
+slightly from last year's decline in world oil prices,
+announced its first budget since early 1985 and projected a
+deficit of 5.472 billion riyals.
+    The deficit compared with a shortfall of 7.3 billion riyals
+in the last published budget for 1985/86.
+    In a statement outlining the budget for the fiscal year
+1987/88 beginning today, Finance and Petroleum Minister Sheikh
+Abdul-Aziz bin Khalifa al-Thani said the government expected to
+spend 12.217 billion riyals in the period.
+    Projected expenditure in the 1985/86 budget had been 15.6
+billion riyals.
+    Sheikh Abdul-Aziz said government revenue would be about
+6.745 billion riyals, down by about 30 pct on the 1985/86
+projected revenue of 9.7 billion.
+    The government failed to publish a 1986/87 budget due to
+uncertainty surrounding oil revenues.
+    Sheikh Abdul-Aziz said that during that year the government
+decided to limit recurrent expenditure each month to
+one-twelfth of the previous fiscal year's allocations minus 15
+pct.
+    He urged heads of government departments and public
+institutions to help the government rationalise expenditure. He
+did not say how the 1987/88 budget shortfall would be covered.
+    Sheikh Abdul-Aziz said plans to limit expenditure in
+1986/87 had been taken in order to relieve the burden placed on
+the country's foreign reserves.
+    He added in 1987/88 some 2.766 billion riyals had been
+allocated for major projects including housing and public
+buildings, social services, health, education, transport and
+communications, electricity and water, industry and
+agriculture.
+    No figure was revealed for expenditure on defence and
+security. There was also no projection for oil revenue.
+    Qatar, an OPEC member, has an output ceiling of 285,000
+barrels per day.
+    Sheikh Abdul-Aziz said: "Our expectations of positive signs
+regarding (oil) price trends, foremost among them OPEC's
+determination to shoulder its responsibilites and protect its
+wealth, have helped us make reasonable estimates for the coming
+year's revenue on the basis of our assigned quota."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8332" NEWID="247">
+<DATE> 1-MAR-1987 09:41:37.88</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>bahrain</D><D>kuwait</D><D>oman</D><D>saudi-arabia</D><D>qatar</D><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0418&#31;reute
+u f BC-GULF-BOND,-STOCK-MARK   03-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF BOND, STOCK MARKETS LAG BEHIND, GIB SAYS</TITLE>
+<DATELINE>    BAHRAIN, March 1 - </DATELINE><BODY>Gulf money markets have grown reasonably
+well during the past decade, but bond and stock markets remain
+to a large extent fragmented and lag behind, &lt;Gulf
+International Bank BSC> (GIB) said.
+    The bank's economist Henry Azzam said in a review of Gulf
+capital markets that investors have to relinquish traditional
+investment vehicles such as real estate, foreign currency bank
+accounts and precious metals.
+    "Greater financial sophistication is needed coupled with
+more diversified capital market instruments and a change in the
+disclosure requirements on company accounts," he said.
+    The GIB study reviewed capital markets under three
+categories -- money markets, stock and bond markets.
+    Azzam said Gulf states had been making greater use of
+short-term money market instruments and banks in the region had
+floated various euronotes and underwriting facilities.
+    "Nevertheless, bond and stock markets remain, to a large
+extent, fragmented and lagging behind," he said.
+    Most debt in the region is still raised by syndicated loans
+and bank facilities and very few companies had made use of
+stock or bond issues. Only Kuwait has an official stock
+exchange, while other Gulf nations have yet to establish
+exchanges.
+    But with dwindling financial surpluses in the Gulf,
+governments are actively pursuing ways to develop capital
+markets and set up domestic stock exchanges, Azzam said.
+    He said recession stemming from sliding oil prices had
+"clearly had a negative impact on the development of capital
+markets in the region."
+    In addition, family firms are reluctant to go public,
+financial awareness among investors is still lacking and
+investment analysis and corporate reporting standards lack
+depth. A sharp fall in share prices in the early 1980s prompted
+investors to hold on to shares hoping for an eventual recovery.
+    Azzam said the absence of proper commercial law in some
+Gulf countries and authorities' apparent reluctance to adopt
+financial innovations had also hampered capital markets.
+    He called for clearly defined laws governing incorporation
+of joint stock companies and the flotation of debt instruments.
+    Azzam said capital market instruments should be made
+available to all citizens and institutions of Gulf Cooperation
+Council (GCC) states -- Bahrain, Kuwait, Qatar, Oman, Saudi
+Arabia and the United Arab Emirates (UAE). Some moves had been
+taken in this direction, with Bahrain allowing GCC nationals to
+own up to 25 pct of locally incorporated companies.
+    Azzam said Gulf money markets had received greater depth
+from the introduction of treasury bill offerings in Bahrain and
+the expansion of securities repurchase regulations in Saudi
+Arabia.
+    But he added there is "no bond market to speak of" in Saudi
+Arabia, Qatar, Oman or the UAE, with the last Saudi riyal
+denominated bond issued in 1978.
+    While Bahrain plans an official stock exchange and trading
+in Saudi Arabia has picked up, establishment of formal
+exchanges in Qatar, Oman and the UAE does not appear imminent,
+Azzam said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8333" NEWID="248">
+<DATE> 1-MAR-1987 18:31:44.74</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>bahrain</D><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>hisham-nazer</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0427&#31;reute
+b f BC-SAUDI-ARABIA-REITERAT   03-01 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA REITERATES COMMITMENT TO OPEC PACT</TITLE>
+<DATELINE>    BAHRAIN, March 1 - </DATELINE><BODY>Saudi Arabian Oil Minister Hisham Nazer
+reiterated the kingdom's commitment to last December's OPEC
+accord to boost world oil prices and stabilise the market, the
+official Saudi Press Agency SPA said.
+    Asked by the agency about the recent fall in free market
+oil prices, Nazer said Saudi Arabia "is fully adhering by the
+... Accord and it will never sell its oil at prices below the
+pronounced prices under any circumstance."
+    Nazer, quoted by SPA, said recent pressure on free market
+prices "may be because of the end of the (northern hemisphere)
+winter season and the glut in the market."
+    Saudi Arabia was a main architect of the December accord,
+under which OPEC agreed to lower its total output ceiling by
+7.25 pct to 15.8 mln barrels per day (bpd) and return to fixed
+prices of around 18 dlrs a barrel.
+    The agreement followed a year of turmoil on oil markets,
+which saw prices slump briefly to under 10 dlrs a barrel in
+mid-1986 from about 30 dlrs in late 1985. Free market prices
+are currently just over 16 dlrs.
+    Nazer was quoted by the SPA as saying Saudi Arabia's
+adherence to the accord was shown clearly in the oil market.
+    He said contacts among members of OPEC showed they all
+wanted to stick to the accord.
+    In Jamaica, OPEC President Rilwanu Lukman, who is also
+Nigerian Oil Minister, said the group planned to stick with the
+pricing agreement.
+    "We are aware of the negative forces trying to manipulate
+the operations of the market, but we are satisfied that the
+fundamentals exist for stable market conditions," he said.
+    Kuwait's Oil Minister, Sheikh Ali al-Khalifa al-Sabah, said
+in remarks published in the emirate's daily Al-Qabas there were
+no plans for an emergency OPEC meeting to review prices.
+    Traders and analysts in international oil markets estimate
+OPEC is producing up to one mln bpd above the 15.8 mln ceiling.
+    They named Kuwait and the United Arab Emirates, along with
+the much smaller producer Ecuador, among those producing above
+quota. Sheikh Ali denied that Kuwait was over-producing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8334" NEWID="249">
+<DATE> 1-MAR-1987 20:35:44.69</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0458&#31;reute
+u f BC-COFFEE-QUOTA-TALKS-CO   03-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE QUOTA TALKS CONTINUE, NO ACCORD SEEN LIKELY</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The International Coffee Organization
+(ICO ) council talks on reintroducing export quotas continued
+with an extended session lasting late into Sunday night, but
+delegates said prospects for an accord between producers and
+consumers were diminishing by the minute.
+    The special meeting, called to stop the prolonged slide in
+coffee prices, was likely to adjourn sometime tonight without
+agreement, delegates said.
+    The council is expected to agree to reconvene either within
+the next six weeks or in September, they said.
+    The talks foundered on Sunday afternoon when it became
+apparent consumers and producers could not compromise on the
+formula for calculating any future quota system, delegates
+said.
+    Coffee export quotas were suspended a year ago when prices
+soared in response to a drought which cut Brazil's crop by
+nearly two-thirds. Brazil is the world's largest coffee
+producer and exporter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8335" NEWID="250">
+<DATE> 1-MAR-1987 20:44:09.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0461&#31;reute
+u f BC-NEW-ZEALAND-CANCELS-W   03-01 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND CANCELS WEEKLY T-BILL TENDER</TITLE>
+<DATELINE>    WELLINGTON, March 2 - </DATELINE><BODY>The Reserve Bank said it cancelled
+the regular weekly treasury bill tender scheduled for March 3.
+    It said in a statement it forecasts a net cash withdrawal
+from the system over the settlement week. Cash flows to the
+government are expected to more than offset cash injections, it
+added.
+    The bank said it expects to conduct open market operations
+during the week and after these, cash balances should fluctuate
+around 30 mln N.Z. Dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8336" NEWID="251">
+<DATE> 1-MAR-1987 20:57:29.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0465&#31;reute
+b f BC-SHARE-TRADING-IN-CHEU   03-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHARE TRADING IN CHEUNG KONG GROUP SUSPENDED</TITLE>
+<DATELINE>    HONG KONG, March 2 - </DATELINE><BODY>Trading in the shares of three of the
+Cheung Kong group of companies will be suspended for two days
+at the request of the companies, the Stock Exchange of Hong
+Kong said.
+    The three are Cheung Kong (Holdings) Ltd &lt;CKGH.HK>,
+Hongkong Electric Holdings Ltd &lt;HKEH.HK> and Hutchison Whampoa
+Ltd &lt;HWHH.HK>.
+    They will announce their 1986 results later today, with
+market speculation of a major reorganisation within the group.
+Cheung Kong rose 75 cents to 45.25 dlrs on Friday, Hk Electric
+60 to 16.00 and Hutchison 1.50 dlrs to 54.50.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8337" NEWID="252">
+<DATE> 1-MAR-1987 21:00:57.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0466&#31;reute
+u f BC-FEBRUARY-U.S.-PURCHAS   03-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEBRUARY U.S. PURCHASING MANAGER INDEX FALLS</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>The U.S. Economy continued to expand in
+February but at a slower pace than in January, which saw a
+spurt of activity, the National Association of Purchasing
+Management (NAPM) said in a report.
+    The Association's composite survey index dropped to 51.9
+pct in February from 55.8 pct in January, the NAPM said. It was
+the seventh consecutive month in which this leading indicator
+was over 50 pct.
+    A reading above 50 pct generally indicates that the economy
+is in an expanding phase. One below 50 pct implies a declining
+economy.
+    The  NAPM report, based on a survey of purchasing managers
+at 250 U.S. Industrial companies, also found that the growth
+rate in new orders and production slowed in February.
+    But production remained vigorous, with more than three
+times as many members reporting it better rather than worse.
+    Vendor deliveries improved slightly last month, but members
+reported that steel supplies were tight as USX Corp gradually
+resumed production.
+    The same number of members reported inventories were higher
+as reported them lower. The NAPM said that had not happened
+since August 1984.
+    For a sixth straight month, more purchasers reported paying
+higher rather than lower prices, this time by a ratio of nine
+to one.
+    Robert Bretz, chairman of the NAPM's business survey
+committee, said: "The economy continued to expand in February,
+but at a more subdued rate than in January. The slowing of new
+orders should not be significant enough to dampen prospects for
+a respectable first quarter."
+    The composite index is a seasonally adjusted figure, based
+on five components of the NAPM business survey - new orders,
+production, vendor deliveries, inventories and employment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8338" NEWID="253">
+<DATE> 1-MAR-1987 21:29:50.36</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>egypt</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0492&#31;reute
+u f BC-CANADA-EGYPT-WHEAT-NE   03-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA-EGYPT WHEAT NEGOTIATIONS TO CONTINUE</TITLE>
+<DATELINE>    CAIRO, March 2 - </DATELINE><BODY>Canadian and Egyptian wheat negotiators
+failed to conclude an agreement on Canadian wheat exports to
+Egypt during talks last week, but the Canadian team will return
+to Cairo for further negotiations, Canadian embassy officials
+said.
+    An embassy official declined to identify which issues
+remained to be resolved and when the talks would resume.
+    In a five-year protocol signed in 1985, Cairo agreed to
+purchase 500,000 tonnes of Canadian wheat a year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8339" NEWID="254">
+<DATE> 1-MAR-1987 21:37:09.13</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>indonesia</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0493&#31;reute
+u f BC-INDONESIAN-WHEAT-IMPO   03-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN WHEAT IMPORTS EXPECTED TO FALL IN 1987</TITLE>
+<DATELINE>    JAKARTA, March 2 - </DATELINE><BODY>Indonesia's wheat imports are expected
+to fall to 1.5 mln tonnes in calendar 1987 from 1.69 mln in
+1986, the U.S. Embassy's annual agriculture report said.
+    It said the drop was expected, because there will be a
+drawdown on stocks built up near the end of 1986.
+    It said wheat stocks at the end of 1986 were 390,000
+tonnes, up from 223,000 at end-1985. It forecast end-1987
+stocks at around 290,000 tonnes.
+    The main suppliers in 1986 were Australia (44 pct), the
+U.S. (29 pct), Canada (12 pct), Argentina (8 pct) and Saudi
+Arabia (5 pct).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8340" NEWID="255">
+<DATE> 1-MAR-1987 21:42:38.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0494&#31;reute
+b f BC-SHULTZ-LIKELY-TO-VISI   03-01 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ LIKELY TO VISIT MOSCOW SOON</TITLE>
+<DATELINE>    PEKING, March 2 - </DATELINE><BODY>U.S. Secretary of State George Shultz is
+likely to visit Moscow soon for talks following new Soviet arms
+control proposals, U.S. Officials said.
+    The officials told Reuters no decision had been reached on
+when the trip might take place, but it was likely to be within
+a month.
+    Kremlin leader Mikhail Gorbachev proposed on Saturday that
+talks on medium range missiles be separated from other arms
+issues.
+    Schultz is currently visiting Peking.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8341" NEWID="256">
+<DATE> 1-MAR-1987 21:44:31.60</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0495&#31;reute
+u f BC-ZAMBIA-TO-RETAIN-CURR   03-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIA TO RETAIN CURRENCY AUCTION, SAYS KAUNDA</TITLE>
+<DATELINE>    LUSAKA, March 2 - </DATELINE><BODY>Zambia will retain its foreign-exchange
+auction system despite the suspension of weekly auctions since
+January 24, President Kenneth Kaunda said.
+    "We have not run away from the auction. It hasn't been
+abolished at all," he told Reuters in an interview.
+    He said the system would be reintroduced after current
+talks with the World Bank and the International Monetary Fund
+and, he hoped, would be backed by fresh foreign aid funds.
+    Kaunda dismissed central bank statements the new auction
+system would be used to allocate foreign exchange to private
+bidders but not to fix the exchange rate.
+    Kaunda said the auction system had faltered because of the
+government's shortage of foreign exchange to meet demand.
+    It was suspended when the kwacha's rapid devaluation and
+strong fluctuations made economic planning almost impossible
+for the government and the private sector, he said.
+    Weekly foreign-exchange auctions began in October 1985. The
+kwacha fell from 2.20 to the dollar to about 15 in 16 months.
+In January 1987 the government was more than two months in
+arrears in paying foreign currency to successful bidders, and
+the auction was suspended and replaced with a fixed exchange
+rate of nine kwacha to the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8342" NEWID="257">
+<DATE> 1-MAR-1987 21:55:05.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>poland</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0498&#31;reute
+u f BC-POLISH-BANKER-PLEASED   03-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLISH BANKER PLEASED WITH WORLD BANK, IMF TALKS</TITLE>
+<DATELINE>    WARSAW, March 2 - </DATELINE><BODY>Poland's talks in Washington with the
+World Bank and the International Monetary Fund (IMF) on the
+country's 33.5 billion dlr foreign debt were concrete, open and
+frank, a senior Polish banker was quoted as saying.
+    Wladyslaw Baka, head of Poland's National Bank, told the
+official news agency PAP yesterday the talks were a step
+towards possible fresh credits or easier terms.
+    "Much attention was given to the Polish delegation and the
+talks at both institutions involved displayed a lot of
+understanding for Poland's difficult economic position," PAP
+quoted Baka as saying.
+    Baka said he stressed Poland would meet its financial
+obligations to the U.S., "but not in a short time, and not
+without major changes in the Polish economy as well as a
+cooperative stand on the part of its foreign economic partners."
+    Since Poland rejoined the IMF last June, after a 36-year
+absence, IMF and World Bank teams have visited Warsaw on
+fact-finding missions on at least three occasions. A major
+report is expected to be issued in Washington soon.
+    Poland has said it will not be able to meet interest
+repayments and debt principle falling due this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8343" NEWID="258">
+<DATE> 1-MAR-1987 21:57:51.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0501&#31;reute
+u f BC-RECORD-N.Z.-FUTURES-V   03-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECORD N.Z. FUTURES VOLUMES TRADED IN FEBRUARY</TITLE>
+<DATELINE>    WELLINGTON, March 2 - </DATELINE><BODY>The volume of contracts traded on the
+New Zealand Futures Exchange (NZFE) reached a record 25,559
+contracts in February, the International Commodities Clearing
+House (ICCH) said.
+    The previous high was 22,583 contracts in December 1986.
+    The ICCH said the value of the contracts traded in February
+was 2.90 billion N.Z. Dlrs.
+    The seven contracts currently traded on the NZFE are:
+five-year government bonds, the share price index, 90-day bank
+bills, 90-day prime commercial paper, the U.S. Dollar,
+crossbred wool, and wheat.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8344" NEWID="259">
+<DATE> 1-MAR-1987 22:12:53.59</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0510&#31;reute
+u f BC-INDONESIAN-SUGAR-OUTP   03-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN SUGAR OUTPUT SEEN SHORT OF TARGET</TITLE>
+<DATELINE>    JAKARTA, March 2 - </DATELINE><BODY>Indonesia's raw sugar output is likely
+to be 1.8 mln tonnes in calendar 1987, unchanged from 1986 and
+below the government's 1987 forecast of 2.5 mln, the U.S.
+Embassy said in its agricultural outlook for 1987.
+    Indonesia bought 162,500 tonnes of raw sugar on world
+markets in late 1986, the report said.
+    The embassy estimated Indonesia's calendar 1986 raw sugar
+production at 1.8 mln tonnes, against a government estimate of
+1.99 mln.
+    It said that Indonesia's move into sugar self-sufficiency
+in 1984 may have been short-lived.
+    The report said, "The government continues to promote
+sugarcane production through its smallholder intensification
+program and a relatively high guaranteed price to sugarcane
+producers.
+    "However, there are considerable indications that farmers
+are reluctant to plant cane because its economic return is not
+as good as that of other crops."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8345" NEWID="260">
+<DATE> 1-MAR-1987 22:20:43.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0515&#31;reute
+u f BC-NIPPON-KOKAN-STEEL-AF   03-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON KOKAN STEEL AFFILIATES CONSIDERING MERGER</TITLE>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>Toshin Steel Co Ltd &lt;TOSS.T> and &lt;Azuma
+Steel Co Ltd>, affiliates of Nippon Kokan KK &lt;NKKT.T>, are
+considering a merger, company spokesmen said.
+    Toshin Steel, owned 41.9 pct by Nippon Kokan, and Azuma
+Steel, owned 41.3 pct by Nippon Kokan, are expected to decide
+by the end of March, they said. Both firms have been struggling
+with losses caused by the recession in the steel industry and
+the yen's appreciation.
+    Azuma Steel's current losses are estimated at 3.1 billion
+yen in the year ending March 31 against a 6.99 billion loss a
+year earlier, a spokesman said. The firm employs 1,100 workers
+    Toshin Steel, with 1,700 workers, has given no forecast for
+the year ending March 31.
+    But industry sources said they expected the company to show
+current losses of about five billion yen or more in 1986/87
+compared with a 2.98 billion loss in 1985/86.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8346" NEWID="261">
+<DATE> 1-MAR-1987 22:43:00.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0520&#31;reute
+f f BC-Qantas-Airways-says-w   03-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Qantas Airways says will buy four Boeing 747-400's for one billion Australian
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8347" NEWID="262">
+<DATE> 1-MAR-1987 22:45:27.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>egypt</D><D>congo</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0521&#31;reute
+u f BC-EGYPT-TO-HOST-NINE-NA   03-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT TO HOST NINE-NATION AFRICAN TALKS THIS MONTH</TITLE>
+<DATELINE>    CAIRO, March 2 - </DATELINE><BODY>Representatives of nine African countries
+will meet here on March 11 to discuss the African debt crisis,
+the Chad political situation and other issues, Egypt's Minister
+of State for Foreign Affairs, Boutros Boutros Ghali, said.
+    He told reporters on his return from Ethiopia and Djibouti
+that the meeting and venue had been agreed by the Organisation
+of African Unity (OAU). He said Egypt, Zambia, Djibouti, Zaire,
+Uganda, Sierra Leone, Congo, Algeria and Mali would be
+represented. Foreign Ministry sources said Congo President
+Denis Sassou-Nguesso would chair the meeting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8348" NEWID="263">
+<DATE> 1-MAR-1987 22:52:21.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0523&#31;reute
+u f BC-EC-MINISTERS-CONSIDER   03-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS CONSIDER BIG AGRICULTURE PRICE CUTS</TITLE>
+<DATELINE>    BRUSSELS, March 2 - </DATELINE><BODY>European Community (EC) agriculture
+ministers meet later today to consider a package of deep cuts
+in prices and subsidies after a week marked by strong protests
+by European farmers, Community officials said.
+    The common target for the farmers' wrath is the EC's
+Brussels Commission, which for the fourth year running has
+called for radical changes in the price support system.
+    EC Agriculture Commissioner Frans Andriessen says huge food
+surpluses, which have alienated international trade partners
+and pushed the Community to the edge of bankruptcy, demand such
+action.
+    With Community warehouses stocked with some 16 mln tonnes
+of unwanted cereals, over one mln tonnes of butter and huge
+stocks of wine and olive oil, Andriessen says bluntly the days
+of open-ended price guarantees must end.
+    EC agriculture ministers try to fix the guaranteed prices
+paid to Community farmers before an April 1 deadline for the
+new marketing year, an increasingly difficult task as EC
+members cut funds and demand greater budget discipline.
+    Andriessen has proposed a freeze for most prices, coupled
+with reductions in other support mechanisms, which could lead
+to price cuts of as much as eight pct for some products.
+    A producer's right to sell into EC warehouses at a fixed
+guaranteed price when he finds no real market outlet is to be
+scaled back so it applies only in exceptional cases.
+    The latest proposals are designed to keep expenditure on
+agriculture virtually stable. EC farm policies now swallow
+two-thirds of an annual budget of about 36 billion European
+currency units (Ecu) and are mainly responsible for an expected
+shortfall this year of about five billion Ecus.
+    The most contentious aspects of the package are a new oils
+and fats tax and a change in the "green" exchange rate system,
+which translates EC farm prices into national currencies.
+    The tax, of up to 330 Ecus per tonne, would be levied on
+imported and domestically produced oilseeds, but could trigger
+a fresh trade dispute with the United States, which provides
+the EC with the bulk of its soybeans.
+    It would increase the cost of margarines and low-fat
+products in an attempt to increase both olive oil and butter
+consumption.
+    West Germany has flatly rejected green rate changes, which
+would cause a fall in prices for producers as countries with
+weak and strong currencies were brought more into line.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8349" NEWID="264">
+<DATE> 1-MAR-1987 22:55:05.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0525&#31;reute
+b f BC-QANTAS-TO-BUY-FOUR-74   03-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QANTAS TO BUY FOUR 747-400'S FOR ONE BILLION DLRS</TITLE>
+<DATELINE>    SYDNEY, March 2 - </DATELINE><BODY>&lt;Qantas Airways Ltd> has placed a firm
+order with Boeing Co &lt;BA> for four 747-400 aircraft at a cost
+of 250 mln Australian dlrs each, chairman Jim Leslie said.
+    The first is due for delivery in April 1989 with the others
+arriving in May, June and September of that year, he said in a
+statement.
+    The 400 series is the latest model of the Boeing 747
+family, he said.
+    The purchase will take government-owned Qantas's 747 fleet
+to 28, he said.
+    Leslie said Qantas is talking to three engine makers who
+are all offering engines for the Boeing 747-400 and it will
+announce a decision on engine purchases later this year.
+    He said they are United Technologies Corp &lt;UTX> unit &lt;Pratt^M
+and Whitney>, General Electric Co &lt;GE> and Britain's &lt;Rolls-Royce^M
+ Ltd>.
+    He said the 747-400, which incorporates new technology such
+as extended wings with six-feet high winglets and enhanced
+electronics, should have its first flight next February. The
+400 series has a designed range of 12,500 kms, 2,140 kms
+further than the current Qantas 747-300's, he said.
+    The aircraft will be financed by foreign borrowings and
+foreign exchange earnings, and Qantas believes they will pay
+for themselves in four to five years, Leslie said.
+    The 747-400 has a take-off weight of 870,000 pounds, up
+from 833,000 for the 300 series, and offers an eight pct fuel
+saving, he said.
+    The higher range and payload means they will first be used
+on the route to Britain and Europe via Asia.
+    They will also be used on non-stop flights between Sydney
+and Los Angeles.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8350" NEWID="265">
+<DATE> 1-MAR-1987 23:29:49.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0539&#31;reute
+b f BC-IEL-SETS-100-MLN-DLR   03-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IEL SETS 100 MLN DLR NOTE/COMMERCIAL PAPER ISSUE</TITLE>
+<DATELINE>    SYDNEY, March 2 - </DATELINE><BODY>Australian investment group &lt;Industrial
+Equity Ltd> (IEL) said it will raise 100 mln U.S. Dlrs by the
+issue of medium term notes and commercial paper in the U.S.
+Domestic market.
+    IEL has mandated &lt;Merrill Lynch Capital Markets> to arrange
+a letter of credit (LOC) facility in support of the notes and
+commercial paper, making this the first facility of its kind,
+the company said in a statement.
+    The notes will be issued by its &lt;IEL Finance Ltd> unit.
+    Merrill Lynch will be the note and paper dealer and
+&lt;Sumitomo Trust and Banking Co Ltd> will provide the LOC.
+    The term of the LOC is five years with an evergreen feature
+which provides for annual reinstatement of the five-year term
+at the support banks' option, IEL said.
+    The LOC will be underwritten by a group of banks which will
+receive a facility fee of 20 basis points plus a utilisation
+fee of 25 basis points, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8351" NEWID="266">
+<DATE> 1-MAR-1987 23:43:44.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0546&#31;reute
+u f BC-AMERICAN-EXPRESS-STUD   03-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS STUDIES OPTIONS FOR SHEARSON</TITLE>
+<DATELINE>    NEW YORK, March 1 - </DATELINE><BODY>American Express Co &lt;AXP>, rumoured to
+be considering a spinoff of part of &lt;Shearson Lehman Brothers
+Inc>, said it is studying ways to improve Shearson's access to
+capital and help it meet stiffer international competition.
+    In a joint statement, American Express and the brokerage
+unit said the actions under consideration are an integral part
+of American Express's worldwide financial services strategy.
+The statement also said American Express and Shearson have been
+having both internal and external discussions on the matter,
+but no final decision has been reached.
+    American Express said in its statement it would not comment
+on the rumours circulating on Wall Street last week.
+    Analysts said there was speculation that American Express
+would sell a stake of Shearson to a Japanese firm and also that
+20 pct of the profitable brokerage would be sold to the public.
+Shearson contributed 316 mln dlrs of American Express's 1.25
+billion dlrs net in 1986.
+    American Express remained silent last Thursday and Friday
+as rumours drove its stock up a total of 5.50 dlrs in two days.
+It closed Friday at 74.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8352" NEWID="267">
+<DATE> 1-MAR-1987 23:58:46.85</DATE>
+<TOPICS><D>meal-feed</D><D>copra-cake</D></TOPICS>
+<PLACES><D>indonesia</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0559&#31;reute
+r f BC-INDONESIA-UNLIKELY-TO   03-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA UNLIKELY TO IMPORT PHILIPPINES COPRA</TITLE>
+<DATELINE>    JAKARTA, March 2 - </DATELINE><BODY>Indonesia is unlikely to import copra
+from the Philippines in 1987 after importing 30,000 tonnes in
+1986, the U.S. Embassy's annual agriculture report said.
+    The report said the 31 pct devaluation of the Indonesian
+rupiah, an increase in import duties on copra and increases in
+the price of Philippines copra have reduced the margin between
+prices in the two countries.
+    Indonesia's copra production is forecast at 1.32 mln tonnes
+in calendar 1987, up from 1.30 mln tonnes in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8353" NEWID="268">
+<DATE> 1-MAR-1987 23:58:50.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0560&#31;reute
+u f BC-SRI-LANKAN-BANK-OFFER   03-01 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKAN BANK OFFERS 250 MLN RUPEES T-BILLS</TITLE>
+<DATELINE>    COLOMBO, March 2 - </DATELINE><BODY>Sri Lanka's Central Bank offered 250 mln
+rupees worth of three-month treasury bills at its weekly tender
+closing on March 6, a Bank spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12452" NEWID="269">
+<DATE> 2-MAR-1987 00:26:32.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0581&#31;reute
+b f BC-STRONG-EARTHQUAKE-HIT   03-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRONG EARTHQUAKE HITS NEW ZEALAND</TITLE>
+<DATELINE>    WELLINGTON, March 2 - </DATELINE><BODY>An earthquake measuring 6.5 on the
+Richter scale caused widespread damage in northern New Zealand
+and a civil defence emergency was declared in some areas,
+officials and seismologists said.
+    There were no immediate reports of casualties. The quake
+jolted the Bay of Plenty and Waikato areas.
+    The town of Whakatane was said by officials to be virtually
+isolated.
+    A civil defence emergency was declared in Whakatane which
+has about 16,000 people. Officials said many roads and bridges
+in the area had been damaged.
+    No deaths were reported but one man was admitted to
+hospital in serious condition after his car was buried in a mud
+slip.
+    Seismologists said Whakatane was hit by three earthquakes,
+the strongest measuring 6.5 on the Richter scale. They were
+followed by a series of aftershocks.
+    The quakes were felt across the Bay of Plenty and Waikato
+regions in the northeast of the North Island.
+    Smaller tremors had been felt in the Bay of Plenty for more
+than a week.
+    Police said many districts lost power supplies and
+telephone links.
+    Energy Ministry officials ordered the release of water
+behind the Matahina hydro-electric dam, 32 kilometres above
+Whakatane on the Rangitaiki river. The quake cracked the
+roadway and concrete abutment along the top of Matahina, the
+largest earth dam in the North Island.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12453" NEWID="270">
+<DATE> 2-MAR-1987 00:30:02.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0584&#31;reute
+u f BC-PHILIPPINES-HEADS-CON   03-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES HEADS CONFIDENTLY INTO DEBT TALKS</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 2 - </DATELINE><BODY>Philippine Finance Secretary Jaime Ongpin
+starts negotiations with the country's 12-bank advisory
+committee in New York tomorrow, buoyed by an economy on the
+mend and political stability one year after President Corazon
+Aquino took power, central bank officials said.
+    The country now has foreign debt totalling 27.8 billion
+dlrs and faces debt repayments of 3.6 billion dlrs due between
+January 1987 and December 1992. Manila also hopes to tack on
+another 5.8 billion dlrs, rescheduled in a 1985 accord, to any
+new agreement, the officials said.
+    Chile's 15-1/2 year rescheduling accord at one percentage
+point over London Interbank Offered Rates (LIBOR) and
+Venezuala's 21 billion dlr package at 7/8 point over LIBOR
+portend well for the Philippines, despite Brazil's repayment
+suspension last week, the officials said.
+    Manila, which has not made any principal repayments since
+1983, wants terms better than the 20-year repayments at 13/16
+percentage point over LIBOR offered in October to Mexico in a
+77 billion dlr rescue.
+    Ongpin wants 5/8 point over the benchmark rate, which is
+currently hovering around 6-1/2 pct.
+    The banks are said to be firm on the 1-1/8 points offered
+when the last round of negotiations collapsed on November 7.
+    Ongpin said every 1/16 point over LIBOR meant an additional
+5.1 mln dlrs in annual interest payments.
+    One banker said banks were wary of repeating a Mexico-type
+accord, which some 70 small creditor banks are still refusing
+to endorse five months after it was signed.
+    In Manila's case, about 40 pct of the 15 billion dlrs
+outstanding to commercial banks is owed to the 12 large banks
+on the advisory committee, while about 180 smaller banks have
+average exposures of 20 mln dlrs each.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12454" NEWID="271">
+<DATE> 2-MAR-1987 00:44:03.70</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0591&#31;reute
+b f BC-JAPAN-FEBRUARY-INTERI   03-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FEBRUARY INTERIM TRADE SURPLUS JUMPS</TITLE>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>Japan's customs-cleared trade surplus in
+the first 20 days of February jumped to 3.58 billion dlrs from
+1.94 billion a year earlier, the Finance Ministry said.
+    The February interim surplus was sharply up from a 965.04
+mln dlr surplus in the same January period.
+    FOB exports rose 14.6 pct from a year earlier in the first
+20 days of February to 10.91 billion, while CIF imports fell
+3.2 pct to 7.33 billion.
+    The average dollar/yen rates were 152.32 for exports and
+152.31 for imports against 196.61 for exports and 196.27 for
+imports a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12455" NEWID="272">
+<DATE> 2-MAR-1987 00:55:40.97</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0598&#31;reute
+u f BC-NIPPON-LIGHT-METAL-CO   03-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON LIGHT METAL CONTINUES ALUMINIUM OUTPUT CUT</TITLE>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>Nippon Light Metal Co Ltd &lt;NLGT.T>, which
+has annual capacity of 63,000 tonnes, will continue primary
+aluminium production at a rate of 35,000 tonnes owing to low
+domestic and world prices and low water supplies at its
+hydroelectric power plant, a company official said.
+    Nippon, which has no plans to restore output to the 48,000
+tonnes a year at which it was working until late 1986, will
+become Japan's only smelter.
+    &lt;Ryoka Light Metal Industries Ltd> will stop smelting in
+April owing to high power costs and low prices, and &lt;Mitsui
+Aluminium Co Ltd> has said it stopped smelting in February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12456" NEWID="273">
+<DATE> 2-MAR-1987 01:05:49.72</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0600&#31;reute
+b f BC-SAUDI-FEBRUARY-CRUDE   03-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI FEBRUARY CRUDE OUTPUT PUT AT 3.5 MLN BPD</TITLE>
+<DATELINE>    ABU DHABI, March 2 - </DATELINE><BODY>Saudi crude oil output last month fell
+to an average of 3.5 mln barrels per day (bpd) from 3.8 mln bpd
+in January, Gulf oil sources said.
+    They said exports from the Ras Tanurah and Ju'aymah
+terminals in the Gulf fell to an average 1.9 mln bpd last month
+from 2.2 mln in January because of lower liftings by some
+customers.
+    But the drop was much smaller than expected after Gulf
+exports rallied in the fourth week of February to 2.5 mln bpd
+from 1.2 mln in the third week, the sources said.
+    The production figures include neutral zone output but not
+sales from floating storage, which are generally considered
+part of a country's output for Opec purposes.
+    Saudi Arabia has an Opec quota of 4.133 mln bpd under a
+production restraint scheme approved by the 13-nation group
+last December to back new official oil prices averaging 18 dlrs
+a barrel.
+    The sources said the two-fold jump in exports last week
+appeared to be the result of buyers rushing to lift February
+entitlements before the month-end.
+    Last week's high export levels appeared to show continued
+support for official Opec prices from Saudi Arabia's main crude
+customers, the four ex-partners of Aramco, the sources said.
+    The four -- Exxon Corp &lt;XON>, Mobil Corp &lt;MOB>, Texaco Inc
+&lt;TX> and Chevron Corp &lt;CHV> -- signed a long-term agreement
+last month to buy Saudi crude for 17.52 dlrs a barrel.
+    However the sources said the real test of Saudi Arabia's
+ability to sell crude at official prices in a weak market will
+come this month, when demand for petroleum products
+traditionally tapers off. Spot prices have fallen in recent
+weeks to more than one dlr below Opec levels.
+    Saudi Arabian oil minister Hisham Nazer yesterday
+reiterated the kingdom's commitment to the December OPEC accord
+and said it would never sell below official prices.
+    The sources said total Saudi refinery throughput fell
+slightly in February to an average 1.1 mln bpd from 1.2 mln in
+January because of cuts at the Yanbu and Jubail export
+refineries.
+    They put crude oil exports through Yanbu at 100,000 bpd
+last month, compared to zero in January, while throughput at
+Bahrain's refinery and neutral zone production remained steady
+at around 200,000 bpd each.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12457" NEWID="274">
+<DATE> 2-MAR-1987 01:25:47.73</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0609&#31;reute
+u f BC-INDONESIAN-PALM-OIL-O   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN PALM OIL OUTPUT EXPECTED TO RISE</TITLE>
+<DATELINE>    JAKARTA, March 2 - </DATELINE><BODY>Indonesia's palm oil output is expected
+to rise and exports to increase, the U.S. Embassy said in its
+annual report on Indonesia's agriculture sector.
+    The Indonesian government said crude palm oil (CPO) output
+is expected to rise to 1.56 mln tonnes in 1987 and 2.11 mln in
+1988, up from a projected 1.45 mln tonnes in 1986 and 1.26 mln
+in 1985.
+    The 1986 projection of 1.45 mln tonnes is up from a
+provisional figure of 1.3 mln tonnes.
+    A U.S. Embassy assessment puts 1987 output at 1.45 mln
+tonnes, against 1.35 mln in 1986 and 1.208 mln in 1985.
+    "More realistic estimates indicate that 1988 production will
+be between 1.5 and 1.6 mln tonnes," the report said.
+    The report said the abolition of the five pct CPO export
+tax, the devaluation of the rupiah in September 1986 and higher
+international palm oil prices should lead to a modest increase
+in exports this year.
+    Exports are forecast to rise to 720,000 tonnes against
+695,000 tonnes in 1986, the report added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12458" NEWID="275">
+<DATE> 2-MAR-1987 01:28:24.65</DATE>
+<TOPICS><D>tea</D><D>cocoa</D><D>coffee</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0611&#31;reute
+u f BC-INDONESIAN-TEA,-COCOA   03-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN TEA, COCOA EXPORTS SEEN UP, COFFEE DOWN</TITLE>
+<DATELINE>    JAKARTA, March 2 - </DATELINE><BODY>Indonesia's exports of tea and cocoa
+will continue to rise in calendar 1987 but coffee exports are
+forecast to dip slightly in 1987/88 (April-March) as the
+government tries to improve quality, the U.S. Embassy said.
+    The embassy's annual report on Indonesian agriculture
+forecast coffee output in 1986/87 would be 5.77 mln bags of 60
+kilograms each. That is slightly less than the 5.8 mln bags
+produced in 1985/86.
+    In 1987/88 coffee production is forecast to rise again to
+5.8 mln bags, but exports to dip to 4.8 mln from around 5.0 mln
+in 1986/87. Exports in 1985/86 were 4.67 mln bags.
+    The embassy report says coffee stocks will rise to 1.3 mln
+tonnes in 1987/88 from 1.15 mln in 1986/87. It bases this on a
+fall in exports as a result of the "probable" re-introduction of
+quotas by the International Coffee Organisation.
+    Cocoa production and exports are forecast to rise steadily
+as the government develops cocoa plantations. Production of
+cocoa in Indonesia increased to 32,378 tonnes in calendar 1985
+from 10,284 tonnes in 1980. It is projected by the government
+to rise to more than 50,000 tonnes by 1988.
+    Production in 1986 is estimated by the embassy at 35,000
+tonnes, as against 38,000 tonnes in 1987.
+    The report forecasts cocoa exports to rise to 35,000 tonnes
+this year, from 33,000 tonnes in 1986 and 31,000 in 1985.
+    The Netherlands is at present the biggest importer of
+Indonesian cocoa beans.
+    The report forecasts that in calendar 1987, Indonesia's CTC
+(crushed, torn and curled) tea exports will increase
+significantly with the coming on stream of at least eight new
+CTC processing plants.
+    Indonesia plans to diversify its tea products by producing
+more CTC tea, the main component of tea bags.
+    Production of black and green teas is forecast in the
+embassy report to rise to 125,000 tonnes in calendar 1987 from
+123,000 tonnes in 1986.
+    Exports of these teas are likely to rise to 95,000 tonnes
+in 1987 from 85,000 in 1986 and around 90,000 in 1985.
+    The embassy noted the ministry of trade tightened quality
+controls on tea in October 1986 in an effort to become more
+competititve in the world market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12459" NEWID="276">
+<DATE> 2-MAR-1987 01:41:24.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>sse</D><D>nasdaq</D><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0619&#31;reute
+u f BC-SINGAPORE-EXCHANGE-SE   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE EXCHANGE SEEKING NASDAQ/LONDON LINK</TITLE>
+<DATELINE>    SINGAPORE, March 2 - </DATELINE><BODY>The Stock Exchange of Singapore (SES)
+plans to introduce electronic trading of shares listed on the
+National Association of Securities Dealers Automated Quotation
+System (NASDAQ) in the U.S. And on London's Stock Exchange
+Automated Quotation System, banking sources said.
+    The SES is discussing the idea with the London and New York
+authorities. Gordon Macklin, president of the National
+Association of Securities Dealers in Washington, said he was
+very optimistic about an early agreement, possibly by the end
+of this month.
+    Monetary Authority of Singapore (MAS) sources told Reuters
+they supported the proposed linking of computer trading systems
+on the three exchanges, and the banking sources said local
+financial support for the plan existed.
+    Macklin said if an agreement were reached it would move the
+three exchanges towards 24-hour trading, with Singapore filling
+a gap when no trading takes place.
+    A small group of selected stocks would be used at the start
+of three-centre trading to determine investor interest.
+    The Singapore, London and New York authorities have agreed
+in principle on how the three exchanges would trade and
+transfer information among the different time zones, but some
+details still have to be worked out, a senior Singapore bank
+director said.
+    Questions remain concerning investor willingness to deploy
+sufficient capital in Singapore to ensure adequate market
+liquidity and communication links to the other three centres.
+    But if agreement is reached, Singapore will have a head
+start over the other Asian financial centres in Hong Kong,
+Toyko and Australia, he said.
+    On February 18 the SES created the Stock Exchange of
+Singapore Dealing and Automated Quotation System (SESDAQ),
+modelled on NASDAQ.
+    At present SESDAQ is trading the shares of only one
+company, the government-owned Singapore National Printers Ltd
+(SNP), but its turnover has been fairly active, and other small
+firms have said they plan to seek listings soon.
+    Market sources expect the next few companies listed will
+also be government-owned entities, which would have no problem
+meeting the listing conditions. Approval for a listing of
+Trans-Island Bus Service Pte Ltd is expected soon, they said.
+    SNP, previously wholly-owned by the government's Temasek
+Holdings (Pte) Ltd, issued seven mln 50-cent shares at one dlr
+each last month in a public offering oversubscribed 119 times.
+    In SESDAQ trading, SNP shares have advanced from an initial
+1.87 dlrs to a Friday close of 2.32 after a 2.80 high. So far
+more than 900,000 shares have traded.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12460" NEWID="277">
+<DATE> 2-MAR-1987 01:59:56.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0633&#31;reute
+u f BC-INDONESIA'S-EXPORTS-D   03-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA'S EXPORTS DROP IN CALENDAR 1986</TITLE>
+<DATELINE>    JAKARTA, March 2 - </DATELINE><BODY>The total value of Indonesia's exports
+fell in calendar 1986 to 15.995 billion dlrs from 18.762
+billion in calendar 1985, according to the central bank's
+latest report.
+    The value of crude oil exports fell to 7.431 billion dlrs
+in 1986 from 8.976 billion in 1985, while liquefied natural gas
+exports dropped to 2.795 billion dlrs from 3.802 billion in
+1985.
+    The value of Indonesia's non-oil exports also fell in
+calendar 1986, to 5.768 billion dlrs from 5.983 billion in
+1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12461" NEWID="278">
+<DATE> 2-MAR-1987 02:01:55.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0635&#31;reute
+u f BC-GERMAN-EUROBOND-MARKE   03-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN EUROBOND MARKET EXPECTS BREATHING SPACE</TITLE>
+<AUTHOR>    By Alice Ratcliffe, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 2 - </DATELINE><BODY>After an onslaught of new paper, fewer
+mark eurobonds issues are expected this week, bankers said.
+    Most managers said they were planning a low issue volume
+for the Bundesbank's two-week bond calendar beginning today.
+    "We want to have a week's pause," one manager said.
+    Last week borrowings totalled 1.775 billion marks,
+including a 300 mln mark private placement for Deutsche Bank.
+Issues for all of February rose to nearly five billion marks,
+from 3.6 billion in January.
+    The heavy volume also meant most borrowers except the very
+best addresses were having to accept higher coupons.
+    "I think the D-mark market is still good, but only if you
+can give a good coupon," another manager said.
+    But even some government borrowers were not getting the
+best reception for bonds which would have been taken up more
+readily under other conditions.
+    Of the three mark eurobonds launched on Tuesday alone,
+bonds for Den Danske Bank and Iceland were trading outside fees
+on Friday, although prices had recovered from initial lows.
+    Den Danske's 5-3/4 1992 bond was quoted at midday on Friday
+at 97.35/65 compared with its par price, and Iceland's 6-1/2
+pct 1997 bond traded at 97.25/75 against a 100-1/4 issue price.
+    A 300 mln mark 6-1/8 pct 1997 issue for Nippon Telegraph
+and Telephone was also depressed, but traded Friday within fees
+at 98.15, 98.50 from its par price.
+    Some shorter maturities did better. In contrast to the
+10-year NTT and Iceland issues, a five-year six pct bond for
+Hoogovens, traded at 98.40/75 from its 99-1/2 price, thanks
+mainly to its shorter maturity, dealers said.
+    The large amount of paper brought to the market in the last
+two months has also led many syndicate managers to complain
+about the Bundesbank's present fixed calendar system, which
+they say is too inflexible.
+    Currently all mark denominated eurobonds have to be
+registered with the Bundesbank in the week preceding the
+two-week issue period. A bank may decline to issue a bond on
+the requested day in the calendar, but then has to wait for the
+next calendar period to schedule the bond again.
+    Some managers said they would prefer to abolish the system.
+    The Bundesbank shortened the reporting period to two weeks
+from four weeks last July. But few expect the calendar to be
+completely abolished. "I don't think the Bundesbank would give
+that up," one banking analyst said.
+    "I wouldn't have anything against getting rid of the system,"
+the analyst said, adding banks were capable of regulating the
+volume of new issues themselves.
+    The Bundesbank plays a passive role in setting the calendar
+without trying to regulate the issues, but it needs the
+registration to gauge the volume of mark bonds going through
+the euromarket, he said.
+    For this reason, few managers here foresee the Bundesbank
+sacrificing its present calendar system.
+    Bond activity in West German bond trading and syndication
+departments is also expected to be quieter than normal owing to
+the carnival holiday.
+    Carnival will close banks in Duesseldorf all day on Monday.
+In Frankfurt, banks will close on Tuesday in the afternoon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12462" NEWID="279">
+<DATE> 2-MAR-1987 02:04:30.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0638&#31;reute
+u f BC-JAPAN'S-NTT-FORECASTS   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S NTT FORECASTS PROFITS FALL IN 1987/88</TITLE>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>&lt;Nippon Telegraph and Telephone Corp>
+(NTT) expects its profits to fall to 328 billion yen in the
+year ending March 31, 1988 from a projected 348 billion this
+year, the company said.
+    Total sales for the same period are expected to rise to
+5,506 billion yen from a projected 5,328 billion this year, NTT
+said in a business operations plan submitted to the Post and
+Telecommunications Ministry.
+    NTT said it plans to make capital investments of 1,770
+billion yen in 1987/88, including 109 billion for research and
+development, as against a total of 1,600 billion this year.
+    An NTT spokesman said increased competition from new
+entrants to the telecommunications field and the effect of a
+sales tax scheduled to be introduced next January, were the
+major factors behind the projected decrease in profits.
+    The Japanese telecommunications industry was deregulated in
+1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12463" NEWID="280">
+<DATE> 2-MAR-1987 02:25:51.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0657&#31;reute
+u f BC-SINO-U.S.-VENTURE-IN   03-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINO-U.S. VENTURE IN CHINA TO MAKE RINSING AGENTS</TITLE>
+<DATELINE>     PEKING, March 2 - </DATELINE><BODY>&lt;Ecolab Co> of the United States signed
+a contract with North China Industrial Co to set up the first
+Sino-U.S. Joint venture in China to make rinsing agents, the
+New China News Agency said.
+     It said total investment in the new venture, &lt;Ecolab
+Chemical Industrial Co>, is 2.4 mln dlrs. It said the venture
+will be based in Shanghai and produce agents for use in hotels
+and industries.
+    It gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12464" NEWID="281">
+<DATE> 2-MAR-1987 02:27:06.29</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0660&#31;reute
+u f BC-CHINA-SIGNS-WORLD-BAN   03-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA SIGNS WORLD BANK LOAN FOR TIANJIN PORT</TITLE>
+<DATELINE>    PEKING, March 2 - </DATELINE><BODY>China has signed a 130 mln dlr loan
+agreement with the World Bank to partly finance 12 new berths
+with an annual capacity of 6.28 mln tonnes at the 20 mln tonne
+a year capacity Tianjin port, the New China News Agency said.
+    China will provide 370 mln yuan for the project and a
+Chinese company won a bid against 12 other firms from seven
+countries to do the foundation work, it said.
+    It said 11 of the new berths will be able to handle ships
+of more than 10,000 tonnes, three will handle containers and
+the expansion will enable the port to handle coke, non-metal
+mineral ores and mining equipment for the first time.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12465" NEWID="282">
+<DATE> 2-MAR-1987 02:35:00.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0663&#31;reute
+u f BC-THAI-AIRWAYS-INTERNAT   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI AIRWAYS INTERNATIONAL TO ALMOST DOUBLE FLEET</TITLE>
+<DATELINE>    BANGKOK, March 2 - </DATELINE><BODY>Thai Airways International plans to
+expand its fleet to 58 from 30 aircraft by 1995, company
+officials said.
+    Thamnoon Wanglee, vice-president for finance, told a
+weekend marketing conference Thai would finance the expansion
+by borrowing, but he did not give details.
+    He said the airline planned to reduce its yen borrowing to
+36.4 pct of overall debt by September 1992. It is currently
+64.3 pct of overall debt.
+    He said dollar borrowing should rise to 56.2 pct of overall
+debt in the same period, compared to 15.7 pct now.
+    Other company officials said the state-owned airline had no
+plans to go private. They said the airline is studying a
+government proposal for it to merge with Thai Airways Company,
+the state-owned domestic carrier.
+    A report presented to the conference showed the airline
+expects passenger sales revenue to be 13 pct higher in 1987
+than in 1986. This follows a 20 pct jump in passenger sales
+revenue in the past four months.
+    Executive vice president Chatrachai Bunya-ananta said the
+current expansion of Bangkok airport would be completed this
+year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12466" NEWID="283">
+<DATE> 2-MAR-1987 02:48:11.01</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0670&#31;reute
+f f BC-Japan-February-extern   03-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan February external reserves record 51.73 billion dlrs (January 51.46 billion)
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12467" NEWID="284">
+<DATE> 2-MAR-1987 02:51:49.82</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0672&#31;reute
+b f BC-JAPAN-FEBRUARY-RESERV   03-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FEBRUARY RESERVES RECORD 51.73 BILLION DLRS</TITLE>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>Japan's external reserves rose to a record
+51.73 billion dlrs at the end of February from the previous
+record of 51.46 billion at end-January, the Finance Ministry
+said.
+    End-February reserves last year were 27.58 billion dlrs.
+    In January, the nation's foreign reserves showed the
+largest-ever monthly increase at 9.22 billion dlrs due to
+massive Bank of Japan dollar buying intervention during the
+month as the dollar fell briefly to an all-time low of 149.98
+yen on January 19, foreign exchange dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12468" NEWID="285">
+<DATE> 2-MAR-1987 03:40:32.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>simex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0717&#31;reute
+u f BC-SIMEX-TRADING-VOLUME   03-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIMEX TRADING VOLUME HITS RECORD IN FEBRUARY</TITLE>
+<DATELINE>    SINGAPORE, March 2 - </DATELINE><BODY>Trading volume on the Singapore
+International Monetary Exchange (Simex) hit a record 122,819
+contracts in February, surpassing the previous record of
+116,767 in September last year, the exchange said in a
+statement.
+    Volume in the Eurodollar contract hit a peak of 78,546
+contracts against the previous record of 70,306, also set last
+September.
+    Open interest in the Nikkei Stock Average contract passed
+2,000 contracts for the first time, to hit a record high 2,697
+on February 26.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12469" NEWID="286">
+<DATE> 2-MAR-1987 03:44:22.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0721&#31;reute
+u f BC-SHULTZ-VISIT-TO-MOSCO   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ VISIT TO MOSCOW POSSIBLE, SAY SOVIETS</TITLE>
+<DATELINE>    MOSCOW, March 2 - </DATELINE><BODY>A senior Soviet official said a visit to
+Moscow by U.S. Secretary of State George Shultz for arms
+discussions was under consideration.
+    Deputy Foreign Minister Alexander Bessmertnykh told a news
+conference such a visit would be part of continuing contacts
+between the two powers "in the framework of security questions."
+    Earlier, U.S. Officials with Shultz in Peking said he was
+likely to go to Moscow soon following Kremlin leader Mikhail
+Gorbachev's weekend proposal for a separate agreement on
+withdrawing Soviet and American medium-range missiles from
+Europe.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12470" NEWID="287">
+<DATE> 2-MAR-1987 03:45:48.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0723&#31;reute
+u f BC-JAPAN-DISTRIBUTOR-MAY   03-02 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DISTRIBUTOR MAY IMPORT MAZDA U.S.-MADE CARS</TITLE>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>&lt;Autorama Inc>, a distributor for Ford
+Motor Co &lt;F> in Japan, is considering importing cars made by
+&lt;Mazda Motor Manufacturing (USA) Corp>, (MMUC), a wholly owned
+U.S. Subsidiary of Mazda Motor Corp &lt;MAZT.T>, an Autorama
+spokesman said.
+    Mazda, owned 24 pct by Ford, is due to begin production of
+the 2,000-cc-engine cars at the Michigan plant in September at
+an annual rate of 240,000, of which between 60 and 70 pct will
+go to Ford and the rest to Mazda's own U.S. Sales network.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12471" NEWID="288">
+<DATE> 2-MAR-1987 03:47:55.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0727&#31;reute
+u f BC-IRAQ-DEFERS-PAYMENTS   03-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ DEFERS PAYMENTS ON 500 MLN DLR EUROLOAN</TITLE>
+<DATELINE>    BAHRAIN, March 2 - </DATELINE><BODY>Iraq has secured agreement to defer
+outstanding payments on a 500 mln dlr syndicated euroloan
+following five months of negotiations with creditor banks.
+    Banking sources said the rescheduling is part of Iraq's
+continuing effort to defer payments of foreign debt as its
+economy comes under strain from the  Gulf War and soft world
+oil prices.
+    Iraq informed the 37 banks in the loan syndicate last
+September it could not meet the remaining four principal
+repayments totalling 285 mln dlrs, and missed the first of
+these for 71.25 mln due on September 29.
+    The 500 mln dlr credit, under the lead management of
+Paris-based Union de Banques Arabes et Francaises (UBAF), has a
+five-year maturity and a margin of one percentage point over
+London Interbank Offered Rates (LIBOR).
+    Banking sources said the agreement now worked out goes some
+way to meeting creditor bank demands that at least part of the
+first missing instalment of 71.25 mln dlrs be paid and not
+deferred.
+    One quarter or 17.8 mln dlrs will be paid on signature of
+the accord, expected in late March, with the remainder in three
+more instalments to be made every six months.
+    The remaining three principal instalments - originally due
+in March 1987, September 1987 and March 1988 - will each be
+deferred for two years from the due date, banking sources said.
+    The margin for the loan remains unchanged and no penalty
+interest is being imposed, the sources added.
+    Bank reaction to Iraq's rescheduling request has been one
+of resignation, with many bankers seeing little alternative for
+Baghdad's economic planners. Iraq is estimated to have foreign
+debt of about 50 billion dlrs, although about half is thought
+to be in the form of loans from its Gulf Arab allies,
+particularly Saudi Arabia and Kuwait.
+    The 500 mln dlr credit is in the name of the state-owned
+Rafidain Bank. The only other major eurocredit, a 500 mln dlr
+deal under the agency of Gulf International Bank, was signed in
+October, 1985 and is still in a two year grace period.
+    The bulk of Iraq's commercial debt - excluding loans by its
+allies in the Gulf War - is in the form of trade financing.
+    But Rafidain bank stopped paying debt due on letters of
+credit last March and a series of negotiations with banks and
+western government export credit agencies has been underway.
+Some banks have agreed to a three-year deferrment of
+obligations due on letters of credit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12472" NEWID="289">
+<DATE> 2-MAR-1987 03:52:34.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0735&#31;reute
+u f BC-TAIWAN-CENTRAL-BANK-I   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN CENTRAL BANK ISSUES CERTIFICATES OF DEPOSIT</TITLE>
+<DATELINE>    TAIPEI, March 2 - </DATELINE><BODY>The Central Bank issued 2.14 billion
+Taiwan dlrs of certificates of deposit (CD), bringing the total
+so far this year to 86.21 billion, a bank official told
+Reuters.
+    The new CD have maturities of six months and one and two
+years and bear interest rates ranging from 3.9 pct to 5.15 pct.
+    The issues are aimed at curbing the growth of M-1B money
+supply, which is the result of large foreign exchange reserves,
+the official said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12473" NEWID="290">
+<DATE> 2-MAR-1987 03:56:09.65</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0741&#31;reute
+b f BC-ICO-TALKS-ON-COFFEE-Q   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO TALKS ON COFFEE QUOTAS TO RESUME AT NOON</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Talks on coffee export quotas at the
+International Coffee Organization (ICO) special council session
+will resume at noon gmt today, following a last minute decision
+taken early this morning to extend the meeting 24 hours, ICO
+officials said.
+    An 18 member contact group will meet at midday to examine
+new ideas, and the full council is to convene at 1900gmt, they
+said.
+    The extension resulted from a last ditch effort by Colombia
+to salvage the talks, which by late yesterday looked perilously
+close to ending without agreement on quotas, delegates said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12474" NEWID="291">
+<DATE> 2-MAR-1987 03:57:24.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0744&#31;reute
+b f BC-CAECL-ISSUES-12-BILLI   03-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAECL ISSUES 12 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Caisse d'Aide a l'Equipement des
+Collectives Locales (CAECL) is issuing a 12 billion yen
+eurobond due March 31, 1994 paying 5-1/8 pct and priced at 102
+pct, lead manager Mitsubishi Trust International Ltd said.
+    The non-callable bond is available in denominations of one
+mln yen and will be listed in Luxembourg. The selling
+concession is 1-1/4 pct while management and underwriting
+combined pays 5/8 pct.
+    The payment date is March 31.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12475" NEWID="292">
+<DATE> 2-MAR-1987 03:58:32.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0746&#31;reute
+u f BC-CHINESE-BANKS-TO-ISSU   03-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINESE BANKS TO ISSUE MORE BONDS, OFFICIAL SAYS</TITLE>
+<DATELINE>    PEKING, March 2 - </DATELINE><BODY>China's state and collective firms do not
+have enough cash to operate imported equipment, so banks will
+issue more bonds to raise funds, a Chinese bank official was
+quoted by the China Daily as saying.
+    Xie was quoted as saying the present cash shortage means
+some state firms do not run at full capacity and are
+inefficient. The central government does not have enough money
+to meet their needs.
+    The paper said, "Reliable sources disclosed that the country
+is running a budget deficit." It gave no figure.
+    Xie said her bank sooner or later will have to punish the
+many firms that have failed to repay loans made to them over
+the past two years at high interest rates. The bank financed
+the loans by issuing two billion yuan of bonds, but she gave no
+other details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12476" NEWID="293">
+<DATE> 2-MAR-1987 04:08:48.28</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0757&#31;reute
+r f BC-INDIAN-SUGAR-OUTPUT-R   03-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN SUGAR OUTPUT RISES IN FIRST FOUR MONTHS</TITLE>
+<DATELINE>    NEW DELHI, March 2 - </DATELINE><BODY>India's sugar output to January 31 in
+the 1986/87 season (October/September) rose to 3.66 mln tonnes
+from 3.46 mln in the same 1985/86 period, the Indian Sugar
+Mills Association said.
+    Total offtake in the first four months of the current year
+was 2.71 mln tonnes (including 241,000 tonnes imported) for
+domestic use and 4,000 tonnes for export, against 2.81 mln
+tonnes (including 993,000 imported) for domestic use and 3,000
+tonnes for export in the corresponding period of 1985/86.
+    Factory stocks at end-January were 3.05 mln tonnes (96,000
+imported) against 3.13 mln (96,000 imported) a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12477" NEWID="294">
+<DATE> 2-MAR-1987 04:11:39.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0761&#31;reute
+u f BC-INTERNATIONAL-LEISURE   03-02 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL LEISURE NEGOIATING ON BOEING LEASE</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>&lt;International Leisure Group Plc> said
+its &lt;Air Europe> subsidiary was in advanced negotiations with
+manufacturers and banks for the lease of 10 &lt;Boeing Co> and 13
+&lt;Rolls-Royce Ltd> engines.
+    The deal would be for the lease, with purchase options, of
+five Boeing 757-200 planes and five 737-400s. The Rolls-Royce
+RB211-535E4 engines would be fitted to the Boeing 757s.
+    Delivery would be in 1988 and 1989.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12478" NEWID="295">
+<DATE> 2-MAR-1987 04:15:24.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0766&#31;reute
+u f BC-JAPAN-PLANS-MORE-FLEX   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN PLANS MORE FLEXIBLE CORPORATE BOND ISSUES</TITLE>
+<AUTHOR>    By Yoshiko Mori, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>Japanese securities houses will issue new
+corporate bonds more quickly, accept issue requests throughout
+the month instead of at month-end and introduce a competitive
+underwriting method from April 1, to bring Japanese firms back
+to the Tokyo bond market, securities managers said.
+    Domestic issues have slowed to a trickle as more and more
+companies turn to more flexible overseas markets for cash, but
+the proposed moves are expected to pave the way for a review of
+public bond issues, they said.
+    "Relaxation of issue rules would be better applied not only
+to straight corporate bonds, but also convertible bonds and
+warrant bonds, to call back issuers effectively from overseas
+markets," a Nikko Securities house bond manager said.
+    Securities houses will launch an issue about 10 days after
+a corporate declaration of intent instead of 25 days as now,
+the securities managers said.
+    Underwriters are expected to abolish the lump-sum issuance
+system, in which all corporate bonds are issued at month-end,
+and accept issue requests during the month, they said.
+    Securities houses also plan to introduce free competition
+among underwriters when negotiating with issuers over terms in
+order to better reflect the market, securities managers said.
+    Market participants expect the new issue methods to be
+applied beginning in April, with the projected issue by &lt;Nippon
+Telegraph and Telephone Corp>.
+    The so-called proposal method abolishes the practice of
+taking lead-managership and enables more market-oriented
+decisions on terms, securities sources said.
+    The four major Japanese securities houses now take turns
+underwriting corporate bonds.
+    Setting issue terms using financial criteria prepared by
+securities houses and in reference to coupon rates on latest
+public bonds is now almost automatic, they said.
+    The new moves are based on wide-ranging proposals made in
+late December by advisers to Finance Minister Kiichi Miyazawa.
+They were aimed at revitalising the domestic corporate bond
+market, securities house managers said.
+    The finance ministry, commissioned banks and securities
+houses agreed in January to lower the eligibility ceiling for
+companies wanting to issue non-collateral straight and
+convertible bonds from March 1, securities managers said.
+    The cut will more than double the number of corporations
+able to make non-collateral issues from around 70 for straight
+bonds and 180 for convertibles now, securities managers said.
+    The Bond Market Committee of the Securities Exchange
+Council also recommended introduction of a shelf registration
+system, more use of corporate ratings systems and
+simplification of disclosure rules to help speed up the issuing
+process, securities sources said.
+    It also called for a major review of the commissioned bank
+system, which increases the cost of issuing domestic bonds, and
+for deregulation of private placements, they said.
+    Some of these proposals are likely to take some time to put
+into effect, the sources said. A shelf registration system
+would need a revision of Japanese commercial law, expected in
+1988, the sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12479" NEWID="296">
+<DATE> 2-MAR-1987 04:25:39.88</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0786&#31;reute
+b f BC-NEW-DUTCH-ADVANCES-TO   03-02 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW DUTCH ADVANCES TOTAL 4.8 BILLION GUILDERS</TITLE>
+<DATELINE>    AMSTERDAM, 2 March - </DATELINE><BODY>The Dutch Central Bank said it has
+accepted bids totalling 4.8 billion guilders at tender for new
+seven-day special advances at 5.3 pct covering the period March
+2 to 9 aimed at relieving money market tightness.
+    Subscriptions to 300 mln guilders were met in full, amounts
+above 300 mln at 50 pct.
+    The new facility replaces old five-day advances worth 8.0
+billion guilders at the same rate.
+    Dealers expect this week's money market shortage to be
+around 12 billion guilders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12480" NEWID="297">
+<DATE> 2-MAR-1987 04:28:59.85</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>japan</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0788&#31;reute
+u f BC-JAPAN-BUYS-SOME-95,00   03-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS SOME 95,000 TONNES SOYBEANS FROM CHINA</TITLE>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>Japanese importers bought some 95,000
+tonnes of Chinese soybeans late last month for May to September
+shipment, under the semi-annual trade accords, trade sources
+said.
+    The FOB premium rose to 13.50 dlrs per tonne, up 2.50 dlrs
+from the premium for the November to April shipment, but down
+from 13.80 for the last May to September shipment.
+    Flat prices for Chinese beans are based on futures prices
+in Chicago plus the FOB premium.
+    Japanese purchases of Chinese soybeans, including spot
+buying, may have totalled 240,000 to 250,000 tonnes of the 1986
+crop for November to April 1987 shipment, down from some
+300,000 tonnes the previous year, the sources said.
+    Domestic demand for edible-use soybeans is expected to
+remain stable at about 240,000 to 250,000 tonnes a year, the
+sources said.
+    In recent years Japanese importers have overbought Chinese
+edible-use soybeans and sold the surplus to domestic crushers,
+but low 1986 U.S. Crop prices have discouraged the purchase of
+Chinese origin beans for crushing, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12481" NEWID="298">
+<DATE> 2-MAR-1987 04:32:15.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0790&#31;reute
+f f BC-SHV-SAYS-IT-MAKING-TE   03-02 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SHV SAYS IT MAKING TENDER OFFER FOR UP TO 33 MLN SHARES IN IC GAS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12482" NEWID="299">
+<DATE> 2-MAR-1987 04:32:27.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0791&#31;reute
+b f BC-CHEUNG-KONG-(HOLDINGS   03-02 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEUNG KONG (HOLDINGS) LTD &lt;CKGH.HK> YEAR 1986</TITLE>
+<DATELINE>    HONG KONG, March 2 -
+    </DATELINE><BODY>Shr 3.25 H.K. Dlrs vs 1.40
+    Final div 52 cents vs 38, making 75 cents vs 57
+    Net 1.28 billion dlrs vs 551.7 mln
+    Note - Earnings excluded extraordinary gains of 983.6 mln
+dlrs vs 81.3 mln. Bonus issue one-for-four vs nil. Share split
+four-for-one. Dividend payable June 3, books close May 11-21.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12483" NEWID="300">
+<DATE> 2-MAR-1987 04:37:30.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0798&#31;reute
+u f BC-TRADING-DELAYED-ON-SI   03-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADING DELAYED ON SINGAPORE'S NEW BILL MARKET</TITLE>
+<DATELINE>    SINGAPORE, March 2 - </DATELINE><BODY>The start of trading on the new
+Singapore Government Securities Market has been postponed until
+late March or early April because legislative amendments still
+need parliamentary approval, banking sources said.
+    The new bill market, intended to establish a base for a
+wider capital market and to encourage private bond issues in
+Singapore, was supposed to be launched today.
+    William K.K. Wong, managing director of Indosuez Asia
+(Singapore) Ltd, said there is no real obstacle to prevent the
+new market from taking off. Most dealers are optimistic it will
+provide more liquidity for operators to trade, he said.
+    Lawrence Yeo, director of Citicorp Investment Bank
+(Singapore) Ltd, said the market's success depends on domestic
+participation.
+    The five primary dealers and the three registered dealers
+will all be local companies.
+    The primary dealers are &lt;Commercial Discount Co Ltd>,
+&lt;National Discount Co Ltd>, Oversea-Chinese Banking Corp Ltd
+&lt;OCBM.SI>, &lt;Overseas Union Bank Ltd> and United Overseas Bank
+Ltd &lt;UOBM.SI>. They will underwrite the Monetary Authority of
+Singapore (MAS) auctions, maintain market liquidity and channel
+open-market operations, MAS said.
+    &lt;Citicorp Investment Bank (Singapore) Ltd>, &lt;Indosuez Asia
+(Singapore) Ltd> and &lt;Credit Suisse First Boston Asia Ltd> will
+be recognised as registered dealers. They will act as market
+makers but will not bid directly at auctions.
+    MAS plans to launch trading by issuing taxable instruments
+grossing seven billion dlrs in the first year and a gross 38
+billion dlrs of paper over the first five years.
+    Non-competitive bids from primary dealers prepared to
+accept average yield will be allocated first, to a maximum
+500,000 dlrs for notes and bonds and to an unlimited amount for
+treasury bills.
+    The remaining amount will be awarded to competitive bidders
+from the lowest yield upwards.
+    In the secondary market, the standard lot traded between
+dealers will be one mln dlrs worth of treasury bills and
+500,000 dlrs worth of government notes and bonds.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12484" NEWID="301">
+<DATE> 2-MAR-1987 04:40:56.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0805&#31;reute
+b f BC-MERRILL-LYNCH-ISSUES   03-02 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH ISSUES 100 MLN ECU EUROBOND</TITLE>
+<DATELINE>     LONDON, March 2 - </DATELINE><BODY>Merrill Lynch and Co is issuing a 100
+mln Ecu eurobond due March 30, 1990, paying 7-3/8 pct and
+priced at 101 pct, lead manager Banque Paribas Capital Markets
+said.
+    Merrill Lynch Capital Markets is co-lead manager.
+    The issue is available in denominations of 1,000 and 10,00
+Ecus and will be listed in Luxembourg. The payment date is
+March 30, 1990.
+    The selling concession is 1-3/8 pct while management and
+underwriting combined pays 1/2 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12485" NEWID="302">
+<DATE> 2-MAR-1987 04:45:57.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0812&#31;reute
+b f BC-WALLENBERGS-FIGHT-BID   03-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALLENBERGS FIGHT BID FOR SWEDISH MATCH STAKE</TITLE>
+<DATELINE>    STOCKHOLM, March 2 - </DATELINE><BODY>Sweden's Wallenberg group fought back
+a bid by the London-based Swedish financier Erik Penser to
+secure a large stake in Swedish Match &lt;SMBS ST>, one of the
+companies at the core of their business empire.
+    A statement issued by the Wallenberg holding companies AB
+Investor and Forvaltnings AB Providentia said they had taken
+over an option held by Nobel Industrier Sweden AB to acquire 33
+pct of the voting rights in Swedish Match.
+    Thre Wallenbergs paid Nobel Industrier &lt;NOBL ST>, in which
+Penser group has a 72 pct stake, about 20 pct over the market
+price for the Swedish Match option, the statement said.
+    Swedish Match's B shares open to foreign buyers closed at
+424 crowns on Friday. The A shares -- with increased voting
+rights -- closed at 450 crowns for the restricted and 455 for
+the free shares.
+    The statement said the deal increased Investor's stake to
+49.4 pct of the voting rights and 14.8 pct of the share capital
+while Providentia is left holding 34.1 pct of the voting rights
+and 14.5 pct of the share capital in Swedish Match.
+    The Wallenbergs' stake in Swedish Match had previously
+amounted to 52 pct of the voting rights in the company.
+    The Swedish Match deal will cost the Wallenbergs about 400
+mln crowns, share analysts said, making it one of the most
+expensise moves the group has undertaken in the last four years
+to defend its far-flung interests from outside predators.
+    The Wallenbergs originally sold Nobel Industrier, an arms
+and chemicals group, to Penser in 1984 to pay for buying Volvo
+&lt;VOLV ST> out of two other key group companies, Atlas Copco
+&lt;ASTS ST> and Stora Koppabergs &lt;SKPS ST>.
+    Since then, the Wallenbergs were ousted as the largest
+shareholders in SKF (SKFR ST> by Skanska AB &lt;SKBS ST> and
+Frederik Lundberg wrested control of Incentive AB from them.
+    Lundberg, a Zurich-based Swedish property tycoon, also
+managed to acquire a 25 pct stake in another Wallenberg
+company, the diary equipment firm Alfa -Laval AB &lt;ALFS ST>.
+    During 1986, the Wallenbergs have been concentrating on
+building up their stake in Investor and Providentia to prevent
+any raid on the heart of their business empire.
+    But analysts say the Wallenbergs' position in the
+electrical engineering firm ASEA AB &lt;ASEA ST> is also too small
+at 12.6 pct of the voting rights and there has been growing
+speculation that the group will be forced to sell off fringe
+interests to protect its core activities.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12486" NEWID="303">
+<DATE> 2-MAR-1987 04:51:21.76</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>meal-feed</D><D>soy-meal</D></TOPICS>
+<PLACES><D>indonesia</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0822&#31;reute
+u f BC-INDONESIAN-SOYBEAN-IM   03-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN SOYBEAN IMPORTS FORECAST TO RISE</TITLE>
+<DATELINE>    JAKARTA, March 2 - </DATELINE><BODY>Soybean imports are forecast to rise to
+425,000 tonnes in 1987/88 (October/September) from an estimated
+300,000 in 1986/87 and 375,000 in 1985/86, the U.S. Embassy
+said in its annual report on Indonesia's agriculture.
+    It said Indonesia did not achieve its goal of
+self-sufficiency in soybean output in calendar 1986 because it
+did not meet a planned increase in area planted and because
+yields have remained below target.
+    Soybean meal imports are forecast to fall to around 190,000
+tonnes in 1987/88 from 270,000 tonnes in 1986/87 and 295,000
+tonnes in 1985/86.
+    Domestic soybean production is forecast to rise steadily to
+1.08 mln tonnes in 1987/88 from 980,000 in the current year and
+890,000 in 1985/86, the report said.
+    Imports are forecast to fall in the current year but to
+rise in 1987/88 because of a new soybean crushing plant due to
+come on stream in early 1988.
+    China is the main supplier with a 79 pct share, while the
+U.S. Provides the rest, it said.
+    "This pattern will likely continue during 1986/87 since
+domestic soyfood processors prefer Chinese beans and are
+willing to pay a premium for them," it said.
+    Area planted is expected to increase by 10 pct in both
+1986/87 and 1987/88.
+    "Yield increases continue to be hampered by an insufficient
+supply of quality seeds, along with pest and disease problems,"
+the report said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12487" NEWID="304">
+<DATE> 2-MAR-1987 04:52:58.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0825&#31;reute
+b f BC-SHV-SAYS-IT-MAKING-TE   03-02 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHV SAYS IT MAKING TENDER OFFER FOR IC GAS</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>&lt;SHV (United Kingdom) Holding Co Ltd>
+said it was making a tender offer for up to 33 mln ordinary
+shares in Imperial Continental Gas Association.&lt;ICGS.L>.
+    It said in a statement the offer was on the basis of 700p
+for each IC Gas ordinary and 252p for every one stg nominal of
+IC Gas loan stock.
+    SHV already holds 6.8 mln IC Gas ordinary stock units
+representing around 4.9 pct of the current issued share
+capital.
+    Successful completion of the offer would increase SHV's
+stake in IC Gas to 39.8 mln shares, representing around 27.9
+pct of issued share capital, it said.
+    The offer capitalises IC Gas at around one billion stg.
+    It said it was tendering for both ordinary stock and loan
+stock, which when fully converted, gave a total of 33 mln IC
+Gas ordinary. It is making the tender offer through N.M.
+Rothschilds.
+    IC Gas said in a statement it noted the SHV tender offer
+and the terms were being considered.
+    It said a further statement would be made as soon as
+possible.
+ REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12488" NEWID="305">
+<DATE> 2-MAR-1987 05:00:35.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0837&#31;reute
+u f BC-NOBEL/FINANCIERE-ROBU   03-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOBEL/FINANCIERE ROBUR ISSUE FRENCH FRANC BONDS</TITLE>
+<DATELINE>    PARIS, March 2 - </DATELINE><BODY>Nobel and Financiere Robur are issuing
+French franc domestic bonds with share warrants, according to
+announcements in the Official Bulletin (BALO).
+    Nobel is issuing a 200 mln franc 10-year bond with a 5.5
+pct coupon in 1,000 franc denominations, to which existing
+shareholders will have subscription rights in the ratio of one
+bond for every 120 shares held with a nominal 10 franc value.
+    The bonds will each carry eight warrants, each giving the
+right to subscribe to one 100-franc Nobel share at 140 francs
+between June 1 1987 and May 31 1994. Payment date is April 28.
+    In a second stage of the operation, the company will issue
+3.63 mln new 100-franc nominal shares at a price of 120 francs,
+in the ratio of three new shares for 20 existing 10-franc
+nominal shares.
+    This will take the company's capital to 677.6 mln francs
+from the present 242 mln.
+    In a separate operation, Financiere Robur is issuing a
+147.73 mln French franc eight-year bond with a six pct coupon,
+denominated in 1,100 franc units and priced at par.
+    Payment date will be April 13 and existing shareholders
+will have a preferential right to subscribe to the issue in the
+ratio of one bond for every 10 shares held, between March 9 and
+March 30 1987.
+    Each bond will carry two warrants, each giving the right to
+subscribe between January 1 1988 and March 31 1992 to one
+Financiere Robur share at a price of 210 francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12489" NEWID="306">
+<DATE> 2-MAR-1987 05:07:13.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0848&#31;reute
+u f BC-JAPANESE-BANKS-COOL-O   03-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE BANKS COOL ON NIGERIAN DEBT TALKS</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>Japanese banks are expected to give
+Nigerian debt negotiators a cool response when they arrive here
+tomorrow for talks, banking sources said.
+    "We're not very enthusiastic about Nigeria's debt
+rescheduling," said a senior official at a leading Japanese
+bank.
+    A team of Nigerian officials will meet with Japanese
+creditor banks here later this week to seek Japanese support
+for a proposed refinancing of part of Nigeria's 19 billion dlr
+foreign debt, bankers said.
+    The senior bank official said a majority of Japanese bank
+creditors are unwilling to provide any new credits to Nigeria
+although about 80 pct have reluctantly agreed to accept
+rescheduling of part of their existing loans.
+    "The problem is Nigeria has so far neglected us Japanese
+creditors and we have yet to receive a clear-cut picture of the
+nation's debt situation," said another Japanese bank official.
+    He said Japanese bankers were unaware of the exact extent
+of Western commercial bank exposure to Nigeria and were
+uncertain about the proposed refinancing package details.
+    Some 21 Japanese banks have loans outstanding to Nigeria,
+representing about four pct of the credit extended by Western
+commercial institutions, banking sources said.
+    They said Nigeria would probably request about 320 mln dlrs
+in fresh private bank money and rescheduling of some 1.4 to 1.5
+billion dlrs in existing loans due in 1986 and 1987. Japanese
+banks want Nigeria to make clear its debt repayment scheme as
+well as its economic reconstruction plans during the two-day
+meeting here, the sources added.
+    "Otherwise, our response will be very negative," the senior
+official said.
+    Banking sources said some 80 pct of international creditor
+banks involved have responded positively to the Nigerian debt
+proposal.
+    Bank of Japan officials said they hope Japanese commercial
+banks will help Nigeria overcome its debt problems.
+    Barclays Bank plc &lt;BCS.L> has the most exposure to
+Nigeria's debt and is chairing a bank steering committee
+looking at the problem, the banking sources said. BankAmerica
+Corp &lt;BAC.N> is coordinating private bank creditors in the Far
+East and representing them on the committee, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12490" NEWID="307">
+<DATE> 2-MAR-1987 05:10:17.36</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0859&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   03-02 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST AT 800 MLN STG</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The Bank of England said it forecast a
+shortage of around 800 mln stg in the money market today.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and the take-up of treasury bills will drain
+some 1.61 billion stg.
+    Partly offsetting this outflow, exchequer transactions and
+a fall in note circulation will add around 425 mln stg and 360
+mln stg respectively. In addition, bankers' balances above
+target will add some 20 mln stg to the system today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12491" NEWID="308">
+<DATE> 2-MAR-1987 05:16:36.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0865&#31;reute
+u f BC-JAPAN-SALES-TAX-MAY-F   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SALES TAX MAY FORCE NAKASONE OUT OF OFFICE</TITLE>
+<AUTHOR>    By Yuko Nakamikado, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone is likely
+to leave office this summer amid opposition to his
+controversial tax-reform package, political analysts said.
+    They said Nakasone's reputation as a skilled politician has
+suffered irreparable damage from his support of a five pct
+sales tax planned for January 1988.
+    "Nakasone is trying to carry out a drastic tax reform at the
+end of his administration, which is not only impossible but
+also is very irresponsible as a politican," Rei Shiratori,
+professor of politics at Dokkyo University, told Reuters.
+    "Nakasone will almost certainly step down as soon as
+parliament approves the sales tax, probably in the summer,"
+Shiratori said.
+    Some ruling Liberal Democratic Party (LDP) members of
+parliament have spoken against the tax, which Nakasone says is
+needed to balance planned cuts in income and corporate taxes.
+    Nakasone today called for disciplinary action against LDP
+members who oppose the tax. "There are some who are objecting
+because of their constituencies," he told a meeting of
+government and party leaders. "If the party discipline is
+broken, I would like to see punishment considered."
+    "A proposed sales tax has become a political issue, partly
+because Nakasone breached his election pledge against
+introducing it," Shiratori said.
+    "Moreover, the tax is being introduced when the public feels
+uncertainty about the sluggish economy stemming from the yen's
+appreciation and about the future when the Japanese society is
+rapidly aging," he said.
+    Political analysts said the controversial tax could affect
+the more than 2,500 local elections scheduled for April,
+involving governors, mayors, town and village heads and
+assemblies at all levels.
+    But the situation is complicated, since opposition parties
+excluding the communists sometimes put up joint candidates with
+the LDP, the political analysts added.
+    Shiratori said, "In the worst case, implementation of the
+sales tax, now scheduled for next January, may be put off for
+some time before the government makes a final decision.
+    "Another alternative is to modify the planned five pct to
+perhaps three pct.
+    "A third alternative for the government is to ram through
+the bills only with the attendance of LDP MPs," he said.
+    Seizaburo Sato, professor of politics at Tokyo University,
+thought the last possibility most likely. "I think the LDP alone
+will take a vote on the tax bills," he said.
+    The LDP now holds 304 seats in the 512-seat Lower House and
+143 in the 252-seat Upper House.
+    To lure opposition parties back to parliament after the LDP
+pushes through the tax bills, the Nakasone cabinet will have to
+resign, Sato said.
+    "Boycotting opposition members will be more willing to
+return to parliament if a new cabinet has been formed," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12492" NEWID="309">
+<DATE> 2-MAR-1987 05:29:46.13</DATE>
+<TOPICS><D>gold</D><D>platinum</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0883&#31;reute
+u f BC-BLACK-MINERS-SUPPORT   03-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLACK MINERS SUPPORT S. AFRICAN MINES TAKEOVER</TITLE>
+<DATELINE>    SOWETO, South Africa, March 2 - </DATELINE><BODY>Thousands of black
+mineworkers roared support for a union proposal to seize
+control of South Africa's gold, uranium, platinum and coal
+mines if the owners refuse to improve conditions for migrant
+black workers.
+    About 15,000 miners attended a rally here to endorse moves
+proposed by last week's annual meeting of the 200,000 strong
+National Union of Mineworkers (NUM).
+    They also supported a proposal for a national strike at the
+end of this month if the owners refused to begin negotiations.
+    Migrant workers from surrounding countries make up more
+than half of the labour force in the mines.
+    It was not stated how the union would "seize control."
+    The miners' leaders also demanded an end to the system of
+single sex hostels for migrant workers, to be replaced by
+housing schemes so that workers could live with their families.
+    The crowd, one of the largest to attend a meeting since
+South Africa declared a state of emergency last June, also
+shouted approval of a proposal to work closely with
+anti-apartheid movements such as the United Democratic Front
+(UDF) which claims two mln members. They also shouted their
+support for a demand that jailed black nationalist leader
+Nelson Mandela be released.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12493" NEWID="310">
+<DATE> 2-MAR-1987 05:37:03.78</DATE>
+<TOPICS><D>meal-feed</D><D>tapioca</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0892&#31;reute
+u f BC-THAILAND-ANNOUNCES-TH   03-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAILAND ANNOUNCES THIRD TAPIOCA QUOTA FOR EC</TITLE>
+<DATELINE>    BANGKOK, March 2 - </DATELINE><BODY>Thailand's Commerce Ministry announced a
+new tapioca export quota of 737,987 tonnes for the European
+Community against 762,860 tonnes for the previous allocation.
+    The ministry said the fresh allocation, for the February
+27-July 7 shipment period, is the third under a maximum 5.5 mln
+tonne overall quota that Thailand obtained from the EC for
+calendar 1987.
+    It said the quota allocation was based on a national
+tapioca pellet stock of 4.34 mln tonnes surveyed last week, up
+from 3.05 mln in mid-January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12494" NEWID="311">
+<DATE> 2-MAR-1987 05:38:49.15</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>malaysia</D><D>indonesia</D><D>thailand</D><D>zaire</D><D>bolivia</D><D>nigeria</D><D>australia</D><D>brazil</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>atpc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0895&#31;reute
+u f BC-ATPC-MEMBERS-FIND-WAY   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATPC MEMBERS FIND WAYS TO CURB TIN EXPORTS</TITLE>
+<AUTHOR>    By Rajan Moses, Reuters</AUTHOR>
+<DATELINE>    KUALA LUMPUR, March 2 - </DATELINE><BODY>Mine and industry officials from
+most member states of the Association of Tin Producing
+Countries (ATPC) say they have found ways to limit group
+exports to 96,000 tonnes in the year started March 1, according
+to views polled by Reuter correspondents.
+    The plan to curb exports, agreed in January, is aimed at
+cutting the world surplus to 50,000 tonnes from 70,000 now and
+boosting prices to about 19 ringgit a kilo from just over 16.
+    Members of the seven-member Kuala Lumpur-based ATPC account
+for some 65 pct of the world's tin output.
+    Under the ATPC plan, Malaysia has been allocated an export
+quota of 28,526 tonnes, Indonesia 24,516, Thailand 19,000,
+Bolivia 13,761, Zaire 1,736 and Nigeria 1,461.
+    Australia has said it is not setting any export quota.
+However, the tonnage allocated to it, 7,000 tonnes, is roughly
+equal to its expected output this year.
+    Comment from officials in Zaire was unavailable.
+    Mine officials in Malaysia, the world's leading producer,
+said only 188 mines will be allowed to operate to ensure that
+output is limited to around 31,500 tonnes in the year started
+March 1.
+    Chief Inspector of Mines Redzuan Sumun told Reuters that
+excess output of some 3,000 tonnes after exports of 28,500 in
+the one-year quota period would be kept in the national stock.
+    Mine owners in Malaysia have welcomed the ATPC export curb
+and asked the government not to issue new mining licences. More
+than 100 applications for licences are pending.
+    Redzuan said the Mines Department would approve new mining
+licences only if a six-month review of production trends showed
+that local mines were not overproducing.
+    ATPC chairman and Indonesia's Mining and Energy Minister
+Subroto has pledged his country's support for the export curb.
+    A spokesman for the state-owned tin mining company PT
+Tambang Timah told Reuters it would be easy for Indonesia to
+stick to an export quota of 24,516 tonnes because this was
+close to exports in calendar 1986 of 24,636.
+    In Bangkok, Thai Industry Minister Pramual Sabhavasu said
+Thailand would keep to its 19,000 tonne quota and added this
+would not cause the local industry hardship at current prices.
+    To insure adherence, the industry ministry and sole tin
+exporter Thailand Smelting and Refining Co would encourage
+bigger stockpiles, and income tax exemptions would be
+permitted, he said.
+    The Thai Mineral Resources Department is expected to
+disallow new tin mines opening this year to prevent excessive
+production, industry sources said.
+    But Mining Industry Council President Dam Teutong told
+Reuters that if the tin price rose above 18 ringgit a kilo,
+Thai miners would press for the opening of more new mines.
+    Thailand exported 18,367 tonnes in 1986, up from 17,359 in
+1985, Pramual said.
+    Bolivia said it expects to export less tin this year than
+its allocated 13,761 tonne quota.
+    Mining Minister Jaimie Villalobos told Reuters in La Paz
+that Bolivia expected to export about 9,000 tonnes of tin in
+calendar 1987.
+    He said this was due to the sacking after the tin crisis of
+October 1985 of about 20,000 of the 28,000 workers at the state
+mining company Comibol, which produces more than 80 pct of
+Bolivia's total exports.
+    He said there were risks in the ATPC plan to cut exports
+but added he was confident the goals set by the plan would be
+achieved. He did not elaborate.
+    Mines, Power and Steel Minister Bunu Sheriff Musa said in
+Lagos that Nigeria would have no difficulty keeping within its
+ATPC quota of 1,461 tonnes because its metals output had
+declined due to poor demand and high production costs.
+    Industry sources told Reuters that Nigeria's output was
+less than 1,000 tonnes last year.
+    ATPC officials said they would monitor member countries'
+export figures every three months using customs documents and
+make projections from such data to see if quotas were likely to
+be breached within the year-long quota period.
+    The ATPC officials said members that appeared likely to
+breach their quotas would be told to take remedial measures.
+    They added that if member countries were unable to fulfil
+their quotas their extra tonnage would be reallocated to other
+members at the ATPC's discretion.
+    The ATPC would have produced and exported an estimated
+106,000 tonnes of tin in 1987 without the plan.
+    Non-members Brazil and China have pledged to cooperate with
+the ATPC and limit their exports to 21,000 and 7,000 tonnes
+respectively during the quota period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12495" NEWID="312">
+<DATE> 2-MAR-1987 05:43:24.77</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0912&#31;reute
+u f BC-SOUTH-KOREA-TO-HOLD-C   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA TO HOLD CURRENT ACCOUNT SURPLUS DOWN</TITLE>
+<DATELINE>    SEOUL, March 2 - </DATELINE><BODY>South Korea plans to take steps to keep
+its 1987 current account surplus below five billion dlrs,
+Economic Planning Board Minister Kim Mahn-je said.
+    Kim told reporters the government would repay loans ahead
+of schedule and encourage firms to increase imports and
+investment abroad to prevent the current account surplus from
+rising too quickly.
+    Last year South Korea's current account surplus was 4.65
+billion dlrs. It widened to 622 mln dlrs in January from 484
+mln in December and compared with a deficit of 334 mln in
+January 1986, Bank of Korea figures show.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12496" NEWID="313">
+<DATE> 2-MAR-1987 05:43:35.46</DATE>
+<TOPICS><D>oilseed</D><D>sunseed</D><D>soybean</D><D>rapeseed</D><D>veg-oil</D><D>soy-oil</D><D>palm-oil</D><D>groundnut-oil</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0913&#31;reute
+u f BC-DUTCH-OILSEEDS/FATS-I   03-02 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH OILSEEDS/FATS IMPORTS ROSE IN 1986</TITLE>
+<DATELINE>    THE HAGUE, March 2 - Dutch imports of fat- </DATELINE><BODY>and oil-bearing
+raw materials, fats and oils rose to 2.16 mln tonnes on a
+fat/oil basis in 1986 from 2.12 mln tonnes in 1985, the
+Commodity Board for Margarine, Fats and Oils said.
+    Exports of the same commodities fell to 1.35 mln tonnes
+from 1.38 mln on a fat-oil basis.
+    Fat- and oil-bearing raw materials imports rose to 760,000
+from 709,200 tonnes on a fat/oil basis and to 3.47 mln tonnes
+actual weight from 3.32 mln.
+    Soyabeans were the main component, with imports rising to
+2.82 mln tonnes actual weight from 2.75 mln. Sunflowerseed
+imports fell to 308,200 from 342,900 tonnes while rapeseed
+imports rose to 292,000 from 201,400 tonnes.
+    Exports of fat- and oil-bearing raw materials rose to
+28,700 tonnes from 19,800 on a fat/oil basis and to 137,200
+from 89,900 tonnes actual weight.
+    Soyabean exports rose to 119,400 tonnes actual weight from
+73,200 tonnes.
+    Imports of vegetable fats, including palm oil, rose to
+445,400 tonnes from 362,500 and exports to 151,500 from
+139,800.
+    Vegetable oil imports fell to 227,500 tonnes in 1986 from
+286,300 in 1985, and exports to 661,400 from 683,400 tonnes.
+    Soyabean oil imports were 32,000 (48,200), sunflower oil
+61,600 (92,800), rape oil 82,900 (94,900) and groundnut oil
+9,300 (12,200). Exports of soybean oil were 325,900 (338,800),
+sun oil 172,100 (189,800), rape oil 114,300 (103,400) and
+groundnut oil 7,000 (10,400).
+    Animal fat imports rose to 371,700 from 345,800 tonnes and
+exports to 124,100 tonnes from 113,000. Fishoil imports fell to
+190,600 from 265,600 and exports to 56,500 from 85,500 tonnes.
+ reuter...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12497" NEWID="314">
+<DATE> 2-MAR-1987 05:44:39.87</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0914&#31;reute
+r f BC-CHINA'S-HEILONGJIANG   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA'S HEILONGJIANG PROVINCE BOOSTS GOLD OUTPUT</TITLE>
+<DATELINE>    PEKING, March 2 - </DATELINE><BODY>Gold output in the northeast China
+province of Heilongjiang rose 22.7 pct in 1986 from 1985's
+level, the New China News Agency said. It gave no figures.
+    It said the province, China's second largest gold producer
+after Shandong, plans to double gold output by 1990 from the
+1986 level. China does not publish gold production figures.
+    However, industry sources estimate output at about 65
+tonnes a year, with exports put between 11 and 31 tonnes.
+    China is selling more gold abroad to offset large trade
+deficits in recent years, western diplomats said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12498" NEWID="315">
+<DATE> 2-MAR-1987 05:48:46.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0923&#31;reute
+u f BC-SALE-TILNEY-BUYS-STAK   03-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALE TILNEY BUYS STAKE IN U.S. INSURANCE BROKER</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>&lt;Sale Tilney Plc> said it has purchased
+80 pct of the ordinary share capital of &lt;B and R International
+Inc.>, a U.S. Insurance broker, for 5.6 mln dlrs.
+    Sale is paying 3.6 mln dlrs in cash on completion, with the
+balance plus interest to be paid in equal instalments over the
+next six years.
+    B and R posted pretax profit of 855,000 dlrs in the year to
+Dec 31, 1986 when it had net tangible assets of 563,000 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12499" NEWID="316">
+<DATE> 2-MAR-1987 05:51:40.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0932&#31;reute
+u f BC-SAN-MIGUEL-BOARD-APPO   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAN MIGUEL BOARD APPOINTMENT MAY MEAN CHANGES</TITLE>
+<AUTHOR>    By Rosario Liquicia, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 2 - </DATELINE><BODY>Disagreement over management of &lt;San
+Miguel Corp> (SMC) may follow the Philippine government's
+appointment of a well-known banker to the SMC board, investment
+analysts said.
+    They told Reuters the presence of &lt;United Coconut Planters
+Bank> (UCPB) president Ramon Sy to the board of SMC may mean
+changes in SMC management, which for decades was controlled by
+the family of its president, Andres Soriano.
+    Sy was appointed by a government commission that controls
+51 pct of San Miguel's stock, after another nominee resigned.
+    The Presidential Commission on Good Government (PCGG) holds
+six seats on the 15-member SMC board, which represent 33.13 mln
+sequestered shares.
+    The stocks were seized on suspicion that they were owned by
+Eduardo Cojuangco, then chairman of UCPB and San Miguel. He was
+a close associate of deposed president Ferdinand Marcos, and he
+left the country after Marcos's fall.
+    Before the seizure, Soriano led a 3.3 billion peso bid for
+the shares, paying UCPB a 500 mln peso deposit.
+    The bid valued the shares at about 100 pesos. They traded
+at 93 pesos today, down from 95.50 at Friday's close.
+    Finance Secretary Jaime Ongpin told reporters on Saturday
+that Sy would definitely sit on the SMC board despite the
+objections of some directors associated with Soriano.
+    "I don't think there is a conflict of interest as such," he
+said.
+    "I was potentially concerned with seeing a situation where
+you have a contentious atmosphere on the board. But Sy has
+assured (the government) that he does not intend to behave in a
+contentious manner," Ongpin added.
+    The Soriano group cited conflict of interest in opposing
+Sy's directorship. Its lawyer said in a letter to the PCGG that
+a pending suit seeking forfeiture of SMC's 500 mln peso deposit
+and major undisclosed damages against the brewery represented a
+clear conflict.
+    UCPB, however, sought board representation before Sy's
+appointment, petitioning the PCGG "so that the interests of the
+owners of the 33 mln shares would be adequately protected."
+    Investment analysts polled by Reuters said the UCPB had a
+right to a slot on the SMC board as trustee for coconut farmers
+who claim ownership of the disputed shares.
+    The analysts said Sy, backed by the government, would
+probably suggest replacements for PCGG nominees expected to
+resign soon in keeping with a new law prohibiting government
+officials from working for private companies. SMC's annual
+election is scheduled for May.
+    A UCPB spokesman declined to comment, saying it was up to
+the PCGG to decide whom to appoint.
+    One analyst said objections were understandable from the
+family that founded the company 97 years ago.
+    "It is a natural instinct of self-preservation for Soriano,"
+he said.
+    SMC posted a net income of 448.8 mln pesos in 1985 on net
+sales of 10.99 billion pesos against 422.3 mln in 1984 on sales
+of 10.36 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12500" NEWID="317">
+<DATE> 2-MAR-1987 05:57:58.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0949&#31;reute
+u f BC-ESTIMATED-DROP-IN-JAP   03-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESTIMATED DROP IN JAPAN CORPORATE PROFITS TRIMMED</TITLE>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>The combined profits of Japan's major
+corporations, excluding financial institutions, are forecast to
+fall 19.2 pct in the 1986/87 year ending March 31, compared to
+the 19.9 pct decline projected in late November, Wako Research
+Institute of Economics said.
+    The private research body also said in a statement that 437
+of the 1,084 firms listed on the first section of the Tokyo
+Stock Exchange foresee an 11.6 pct fall in sales in the year
+against an 11.4 pct fall estimated last November.
+    Current profits are projected to fall 4.4 pct in 1987/88 on
+sales seen increasing by 4.2 pct, it said.
+    Rationalisation measures taken by manufacturing industries
+to cope with the yen's sharp rise are beginning to brighten
+their business outlook, the institute said.
+    It said lower interest rates, which are expected to reduce
+corporate borrowing costs, are also behind the improved
+performance outlook.
+    Earnings performance in the non-manufacturing sector will
+be supported by firm demand in the real estate and construction
+businesses, it said.
+    The forecast was based on average exchange rate estimates
+of 160 yen to the dollar in 1986/87 and 155 yen in 1987/88.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12501" NEWID="318">
+<DATE> 2-MAR-1987 06:03:43.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>lebanon</D><D>syria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0959&#31;reute
+u f BC-LEBANESE-PRESIDENT-AG   03-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEBANESE PRESIDENT AGREES NEW PEACE MOVES</TITLE>
+<DATELINE>    BEIRUT, March 2 - </DATELINE><BODY>Lebanese President Amin Gemayel has
+agreed to three key points in a new Syrian-brokered plan aimed
+at ending civil war in Lebanon, official sources said.
+    They said the Maronite Christian leader has agreed to give
+up Cabinet voting rights, to ensure that the Prime Minister is
+elected by parliament and to the abolition in principle of
+Lebanon's current power-sharing system.
+    Gemayel had agreed to the proposals in two months of
+indirect negotiations with Syrian leaders, the sources said.
+REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12502" NEWID="319">
+<DATE> 2-MAR-1987 06:08:25.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE><D>gandhi</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0968&#31;reute
+u f BC-INDIAN-BUDGET-DEFICIT   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN BUDGET DEFICIT SEEN FUELING INFLATION</TITLE>
+<AUTHOR>    By Ajoy Sen, Reuters</AUTHOR>
+<DATELINE>    NEW DELHI, March 2 - </DATELINE><BODY>Prime Minister Rajiv Gandhi's fiscal
+1987/88 budget has sparked speculation that a large deficit
+will push up India's moderate inflation rate and that the
+country's stock markets will experience prolonged uncertainty,
+economists, politicians and stockbrokers told Reuters.
+    The projected deficit for fiscal 1987/88, ending March, is
+56.88 billion rupees, down from an upwardly revised estimate of
+a record 82.85 billion in fiscal 1986/87.
+    The projected inflation rate for fiscal 1986/87, based on
+wholesale prices, is 6.5 pct against 3.8 pct in 1985/86.
+    Economists pointed out that the government itself had
+expressed concern about inflation in its most recent 1986/87
+economic survey report published last week.
+    Presenting the budget to parliament on Saturday, Prime
+Minister Gandhi said a cabinet committee would be appointed to
+trim large non-development expenditures. The deficit for
+1987/88 will not be allowed to exceed the budgeted figure, he
+said.
+    But few analysts have taken Gandhi's assurance seriously.
+They say the deficit more than doubled in 1986/87 from an
+initial estimate of 36.5 billion rupees.
+    Lal Krishna Advani, president of the opposition Bharatiya
+Janata party, said Gandhi's failure to mention specific
+measures to cut non-development expenses will push up prices.
+    Economists said increased liquidity in the economy, as
+reflected by expansion of the M3 aggregate money supply, may
+cause prices to rise. The survey report showed the M3 rose by
+15.7 pct or 185.78 billion rupees in the first nine months of
+1986/87 against 13.37 pct or 136.42 billion in the same 1985/86
+period.
+    Economists also said uncertain monsoon rain prospects,
+after bad weather last year, may strain prices further.
+    Economists said the deficit would also cause the government
+to rely increasingly on internal borrowing. Market loans and
+bonds were projected at 981.50 billion rupees for 1987/88, up
+from the 1986/87 estimate of 852.13 billion.
+    No reduction has been proposed in personal income taxes,
+which will discourage savings, economists said.
+    Avinash Purulkar, chief manager of the state-owned Union
+Bank of India, said the annual inflation rate may double to
+around 15 pct in 1987/88 as the government prints more currency
+notes to cover the deficit.
+    Brokers said stock market investors have started selling
+long-term portfolios to take advantage of a proposal in the
+budget that reduces the holding period required to claim
+exemption from the capital gains tax to one year from three.
+    Delhi stockbroker B. D. Aggarwal said, "There is uncertainty
+in the market. There is going to be growing selling pressure."
+    But Bombay broker Dinesh Walji said the present hectic
+selling of shares will slow when more buyers appear on the
+scene. "Just now there is acute nervousness in the market," he
+said.
+    Brokers said proposals to set up a mutual fund to help
+small investors buy equity shares and relaxations in the
+capital gains tax will inject further buoyancy into the market
+on a long-term basis.
+    New equity and debenture issues, both convertible and
+non-convertible, rose to an officially estimated 50.70 billion
+rupees in April/January 1986/87 from an estimated 36.95 billion
+in all 1985/86 and 20 billion in all 1984/85.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12503" NEWID="320">
+<DATE> 2-MAR-1987 06:18:21.95</DATE>
+<TOPICS><D>veg-oil</D><D>rape-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0979&#31;reute
+u f BC-INDIA-BUYS-46,000-TON   03-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA BUYS 46,000 TONNES OF VEGETABLE OILS</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The Indian State Trading Corporation
+purchased 46,000 tonnes of vegetable oils at its import tender
+on Friday, market sources said.
+    The business was for April shipments and comprised 20,000
+tonnes of European rapeseed oil at 318 dlrs, 20,000 tonnes of
+soyoil, believed South American origin, at 314, and 6,000
+tonnes of Malaysian rbd palm olein at 347 dlrs, all per tonne
+cif.
+    Palm oil sellers were disappointed at the light purchase of
+rbd olein and early trading saw the market ease nearly 10 dlrs
+under Malaysian refiner and dealer selling. April shipments
+traded down to 326 dlrs per tonne, fob.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12504" NEWID="321">
+<DATE> 2-MAR-1987 06:18:48.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0980&#31;reute
+u f BC-BEECHAM-UNIT-LAUNCHES   03-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEECHAM UNIT LAUNCHES ARTHRITIS DRUG</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Beecham Group Plc &lt;BHAM.L> said its
+subsidiary &lt;Beecham Pharmaceuticals> launched a new once-a-day,
+prescription only medicine for the reduction of pain and
+inflammation caused by rheumatoid and osteoarthritis. The
+launch took place simultaneously in the U.K. And West Germany.
+    The drug, which has the approved name Nabumetone, will be
+introduced to doctors in the U.K. Under the brand name of
+Relifex and will be known as Arthaxan in West Germany.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12505" NEWID="322">
+<DATE> 2-MAR-1987 06:25:55.11</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0987&#31;reute
+u f BC-JAPAN-TO-PROMOTE-INTE   03-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO PROMOTE INTEREST RATE LIBERALISATION</TITLE>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>The Bank of Japan decided at a policy
+board meeting to promote further interest rate liberalisation
+by lowering the minimum denomination of regulation-free large
+deposits and by raising the interest rate ceiling on money
+market certificates (MMCs), a central bank official said.
+    The new guideline will go into effect on April 6, the bank
+said.
+    Under the guideline, the minimum denomination of
+regulation-free large deposits will be lowered to 100 mln yen
+from 300 mln.
+    The interest rate ceiling of MMCs with maturities of
+between one year and two years will be set at 0.5 percentage
+point below the prevailing certificate of deposit rate, the
+bank said.
+    But the ceiling on MMCs with maturities of one year or less
+will remain the same, or 0.75 percentage point below the CD
+rates.
+    The minimum denomination of MMCs will be lowered to 10 mln
+yen from 30 mln.
+    The bank also said time deposit rates will be lowered by
+0.37 point, effective March 16, in line with the half-point cut
+in the official discount rate on February 23.
+    New interest rates on two-year and one-year deposits at
+banks, for example, will be 3.64 pct and 3.39 pct per annum,
+respectively.
+    Demand deposit rates, however, will remain the same.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12506" NEWID="323">
+<DATE> 2-MAR-1987 06:27:11.46</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0991&#31;reute
+r f BC-TAIWAN-POWER-FIRM-PLA   03-02 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN POWER FIRM PLANS MORE FOREIGN DEBT CUTS</TITLE>
+<DATELINE>    TAIPEI, March 2 - </DATELINE><BODY>State-owned (Taiwan Power co) will boost
+its domestic borrowings to further cut its foreign debt in line
+with a government policy to trim the island's huge foreign
+exchange reserves, a company official said.
+    The company's foreign debt, mainly from the Japanese and
+U.S. Banks, was cut nearly by half to 66.2 billion taiwan dlrs
+equivalent in calendar 1986 from 124.6 billion in 1985, he
+said.
+    Its domestic borrowings however rose to 105.2 billion
+taiwan dlrs from 80.6 billion in the same period, he added.
+    Taiwan's foreign exchange reserves now stood at 50 billion
+U.S. Dlrs, due to its 1986 record trade surplus of 15.6
+billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12507" NEWID="324">
+<DATE> 2-MAR-1987 06:33:07.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0996&#31;reute
+u f BC-CREDITORS-ALLOW-TECK   03-02 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDITORS ALLOW TECK HOCK TO FULFIL CONTRACTS</TITLE>
+<DATELINE>    SINGAPORE, March 2 - </DATELINE><BODY>The nine creditor banks of
+international coffee trader &lt;Teck Hock and Co Pte Ltd> met
+today to discuss ways of letting it fulfil profitable contracts
+which would help it balance earlier losses, a creditor bank
+official said.
+    No statement was made after the meeting and officials
+declined to comment on any decisions made.
+    An unidentified foreign commodities company is pursuing its
+offer to buy the company and a subsidiary &lt;Coffee Industries
+Singapore>, banking sources said.
+    The nine creditor banks have the buyer's detailed proposals
+covering the injection of new capital and payment of some
+outstanding debt to the creditor banks and are now discussing
+individual bank counterproposals to increase debt repayments.
+    Teck Hock owes over 100 mln Singapore dlrs and the nine
+banks have been extending debt repayments since December 23.
+    They are Oversea-Chinese Banking Corp Ltd &lt;OCBM.S>, United
+Overseas Bank Ltd &lt;UOBM.S>, &lt;Banque Paribas>, &lt;Bangkok Bank
+Ltd>, &lt;Citibank NA>, &lt;Standard Chartered Bank Ltd>, Algemene
+Bank Nederland NV &lt;ABNN.A>, Banque Nationale De Paris &lt;BNPP.P>
+and &lt;Chase Manhattan Bank NA>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12508" NEWID="325">
+<DATE> 2-MAR-1987 06:39:53.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0003&#31;reute
+b f BC-TESCO-ISSUES-100-MLN   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TESCO ISSUES 100 MLN STG CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Tesco Plc &lt;TSCO.L> is issuing a 100 mln
+stg convertible eurobond due February 20, 2002 paying an
+indicated coupon of four to 4-1/4 pct and priced at par, lead
+manager Credit Suisse First Boston Ltd said.
+    The issue is callable after 90 days at 106 pct declining by
+one pct per annum to par thereafter. It is not callable until
+1992 unless the share price exceeds 130 pct of the conversion
+price. Final terms will be set on, or before, March 9.
+    The deal has an investor put option after five years, which
+will be priced to give the investor an annual yield to the put
+of 8-3/4 to nine pct.
+    The selling concession is 1-1/2 pct while management and
+underwriting each pay 1/2 pct. The payment date is March 25 and
+there will be a short first coupon period.
+    The issue is available in denominations of 1,000 and 5,000
+stg and will be listed in London.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12509" NEWID="326">
+<DATE> 2-MAR-1987 06:41:06.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0005&#31;reute
+u f BC-SNCF-ISSUING-THREE-BI   03-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SNCF ISSUING THREE BILLION FRANC DOMESTIC BOND</TITLE>
+<DATELINE>    PARIS, March 2 - </DATELINE><BODY>The French state railway company, the Ste
+Nationale des Chemins de Fer Francaise (SNCF), is issuing a
+three billion French franc domestic bond in two tranches, the
+bond issuing committee said.
+    Details of the issue will be announced later and it will be
+listed in the Official Bulletin (BALO) of March 9.
+    The issue will be co-led by Banque Nationale de Paris,
+Caisse Nationale de Credit Agricole and the Societe
+Marseillaise de Credit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12510" NEWID="327">
+<DATE> 2-MAR-1987 06:41:42.20</DATE>
+<MKNOTE>Moved TOPICS closure to end of "rape-meal" from "cornglutenfeed" - SPF</MKNOTE>
+<TOPICS><D>meal-feed</D><D>soy-meal</D><D>tapioca</D><D>grain</D><D>corn</D><D>cornglutenfeed</D><D>citruspulp</D><D>oilseed</D><D>rapeseed</D><D>rape-meal</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0006&#31;reute
+u f BC-DUTCH-ANIMAL-FEED-USA   03-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH ANIMAL FEED USAGE DOWN IN FIRST HALF SEASON</TITLE>
+<DATELINE>    ROTTERDAM, March 2 - </DATELINE><BODY>Dutch animal feed usage in the first
+half of the current season from July through December 1986 fell
+7.6 pct to 6.5 mln tonnes from 7.1 mln in the same period of
+1985, figures in the latest newsletter from the co-operative
+Cebeco-Handelsraad show.
+    Tapioca usage fell 9.1 pct to 1.4 mln tonnes from 1.6 mln
+in the first half of the 1985/86 season.
+    Grain usage fell 6.1 pct to 1.1 mln tonnes from 1.2 mln,
+while soymeal usage fell 10 pct to 967,000 tonnes from 1.1 mln.
+    Cornglutenfeed usage fell 17.8 pct to 729,000 tonnes from
+887,000, but cornfeedmeal usage nearly doubled to 399,000
+tonnes from 201,000.
+    Citruspulp usage dropped 62.8 pct to 149,000 tonnes from
+400,000 tonnes, while rapeseed and meal usage rose 9.6 pct to
+217,000 tonnes from 198,000 and sunmeal rose 25.6 pct to
+216,000 tonnes from 172,000 tonnes.
+    During the whole of the season from July 1985 to June 1986,
+Dutch soymeal usage fell 12 pct to 1.9 mln tonnes from 2.1 mln
+the previous season, while sunmeal usage rose 25 pct to 408,000
+tonnes from 325,000.
+    Rapeseed and meal usage during the season also rose 14 pct
+to 409,000 tonnes from 360,000, but citruspulp fell 37 pct to
+516,000 tonnes from 826,000.
+    Meanwhile, the value of exports of agricultural products
+from the Netherlands in calendar 1986 fell 5.4 pct to 48.7
+billion guilders from 51.5 billion in calendar 1985, figures
+from the Ministry of Agriculture show.
+    During the same period imports of agricultural products
+dropped 13.1 pct to 31.2 billion guilders from 35.8 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12511" NEWID="328">
+<DATE> 2-MAR-1987 06:43:05.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0008&#31;reute
+u f BC-REUTERS-TO-CARRY-JIJI   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS TO CARRY JIJI FINANCIAL SERVICES</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Reuters Holdings Plc &lt;RTRS.L> said it
+would display an English language financial news service
+provided by the Japanese Jiji Press from the second quarter of
+1987.
+    The service, which will be provided through the Reuter
+Monitor and Composite Information Service (CIS), will offer
+24-hour reports on Japanese economic and political developments
+as well as specialised news on money markets and rates,
+securities and technology.
+    Another Jiji service, offering information on Japanese
+equity, bond and money markets, is also available on CIS.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12512" NEWID="329">
+<DATE> 2-MAR-1987 06:46:08.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0013&#31;reute
+b f BC-FIAT-UNIT-ISSUES-100   03-02 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIAT UNIT ISSUES 100 MLN DLR BOND AND WARRANTS</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Fiat Finance and Trade Ltd is issuing a
+100 mln dlr eurobond due April 2, 1991 at 7-1/4 pct and 101-1/8
+pct, lead manager Morgan Stanley International said.
+    The issue is guaranteed by Internazionale Fiat Holding SA
+and is accompanied by a 200,000 currency warrant package.
+    The bond is available in denominations of 5,000 dlrs and
+will be listed in Luxembourg. Payment date for bond and
+warrants is April 2, 1987. The selling concession is 1-1/8 pct
+while management and underwriting combined pays 1/2 pct.
+    The warrants indicated at 45 dlrs entitle the holder to buy
+a minimum of 500 dlrs at a rate of 1.79 marks per dlr.
+    The warrants are exercisable from the April 2 payment date
+until March 2, 1989. A minimum of 200 warrants must be
+exercised. They will also be listed in Luxembourg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12513" NEWID="330">
+<DATE> 2-MAR-1987 06:50:18.66</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0018&#31;reute
+b f BC-U.K.-CONFIRMS-JANUARY   03-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. CONFIRMS JANUARY STERLING M3 RISE</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The Bank of England said the broad
+measure of U.K. Money supply, Sterling M3, rose a seasonally
+adjusted 1.1 pct in January after a 0.2 pct rise in December.
+    The unadjusted year-on-year rise was 17.6 pct after 18.1
+pct in the year to December.
+    The narrow measure of money supply, M0, fell by a
+seasonally adjusted 0.6 pct in January, and rose by a
+non-adjusted 4.1 pct year-on-year, the Bank said.
+    The figures confirm provisional data issued by the Bank two
+weks ago.
+    In December, M0 grew by a seasonally adjusted 1.4 pct and
+by a non-seasonally adjusted 5.2 pct year-on-year.
+    The Bank said sterling bank lending grew by a
+non-seasonally adjusted 1.75 billion stg in January. This also
+confirmed provisional figures issued in February.
+    The measure of private sector liquidity, PSL2, fell 0.2 pct
+in January, but after seasonal adjustment rose 0.6 pct, the
+Bank said.
+    The Bank said the public sector contribution to the growth
+in Sterling M3 was contractionary by about 2.3 billion stg.
+    Within this, the Public Sector Borrowing Requirement (PSBR)
+showed a repayment of 3.7 billion stg, while the non-bank
+private sector's holdings of government debt fell by about 1.1
+billion stg.
+    There was a fall of 290 mln stg in notes and coin in
+January, a fall of 1.5 billion stg in non-interest bearing
+sight deposits, and a rise of 1.6 billion stg in interest
+bearing sight deposits, the Bank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12514" NEWID="331">
+<DATE> 2-MAR-1987 06:54:19.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0026&#31;reute
+u f BC-EXCO-BUYS-U.S.-GOVERN   03-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXCO BUYS U.S. GOVERNMENT SECURITIES BROKER</TITLE>
+<DATELINE>    LONDON, Mar 2 - </DATELINE><BODY>&lt;Exco International Plc>, a subsidiary of
+British and Commonwealth Shipping Co Plc &lt;BCOM.L>, said it had
+agreed in principle to buy an 80 pct stake in &lt;RMJ Holdings
+Corp> for about 79 mln dlrs.
+    Exco Chairman Richard Lacy told Reuters the acquisition was
+being made from Bank of New York Co Inc &lt;BK.N>, which currently
+holds a 50.1 pct, and from RMJ partners who hold the remainder.
+    Bank of New York and the partners will retain about 10 pct
+each and these stakes will be bought over the next six years.
+    RMJ is the holding company of RMJ Securities, one of the
+largest U.S. Government securities brokers.
+    It is also involved in broking notes, obligations and other
+instruments sponsored by U.S. Federal agencies.
+    Lacy said Exco had been considering buying a U.S.
+Government securities broker for the past four years and had
+made an offer for RMJ when it was sold by Security Pacific Corp
+&lt;SPC.N> in 1985. RMJ was then valued at about 50 mln dlrs.
+    B and C managing director Peter Goldie said RMJ would be
+bought at about the same multiple as Exco, suggesting net
+income of around 16 mln dlrs.
+    The company's earnings had not been hit by the halving of
+brokerage fees some 14 months ago as volumes had since doubled.
+    Lacy said that RMJ employed some 300 people, with 200 in
+the brokerage business and about 70 in its &lt;SMS> unit, which
+provided computer software for the financial services
+community.
+    RMJ Securities had offices in New York, where total market
+turnover of U.S. Government securities was 110 billion dlrs a
+day, and in London where it has 15 billion.
+    It was also given permission last week to open an office in
+Tokyo where total market turnover had lifted rapidly to about
+five billion dlrs a day.
+    The acquisition would contribute between five and 10 pct of
+B and C's share earnings in 1987 on a proforma basis.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12515" NEWID="332">
+<DATE> 2-MAR-1987 06:57:06.79</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0030&#31;reute
+u f BC-PAKISTAN-TO-TENDER-FO   03-02 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN TO TENDER FOR RBD PALM OIL</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Pakistan will hold an import tender
+tomorrow for 6,000 tonnes of refined bleached deodorised palm
+oil for second half March shipments, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12516" NEWID="333">
+<DATE> 2-MAR-1987 06:57:36.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0031&#31;reute
+u f BC-HOECHST-TO-RESEARCH-D   03-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOECHST TO RESEARCH DISCS WITH U.S., JAPAN FIRMS</TITLE>
+<DATELINE>    FRANKFURT, March 2 - </DATELINE><BODY>Hoechst AG &lt;HFAG.F>, &lt;Kerdix Inc.>,
+Boulder, Colorado, and &lt;Nakamichi Corp>, Tokyo, have agreed to
+pool their research and development on magneto-optical memory
+discs, Hoechst said in a statement.
+    Research will be carried out at each company and Hoechst
+will start to produce the discs by mid-1988 and distribute them
+worldwide under the brand name Ozadisc.
+    A Hoechst spokesman said an eventual joint venture was
+likely but could give no details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12517" NEWID="334">
+<DATE> 2-MAR-1987 06:58:00.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0032&#31;reute
+u f BC-COLOROLL-AGREES-TO-BU   03-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOROLL AGREES TO BUY U.S. WALLCOVERINGS COMPANY</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>&lt;Coloroll Group Plc> said it has entered
+into a conditional agreement to acquire the business and assets
+of &lt;Wallco Inc> and related companies for 14.5 mln dlrs.
+    Miami-based Wallco manufactures and distributes
+wallcoverings and showed a pretax profit of 1.5 mln dlrs on
+turnover of 37 mln in the year ending June 1986. The total U.S.
+Market was estimated to be worth 840 mln dlrs in 1986, having
+grown by 47 pct in the previous five years, Coloroll said.
+    The combined sales and profit of the enlarged Coloroll U.S.
+Business would be 67 mln and four mln dlrs respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12518" NEWID="335">
+<DATE> 2-MAR-1987 07:11:48.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0050&#31;reute
+r f BC-ECONOMIC-SPOTLIGHT--   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - AUSTERITY MEASURES IN HUNGARY</TITLE>
+<AUTHOR>    By David Lewis, Reuters</AUTHOR>
+<DATELINE>    BUDAPEST, March 2 - </DATELINE><BODY>Hungary is to embark on a new series of
+austerity measures to tackle a budget deficit which tripled
+last year after quadrupling in 1985.
+    The target deficit in the 1987 budget approved by
+Parliament last December was 43.8 billion forints.
+    But Zoltan Boesze, chief of the Finance Ministry's budget
+financing division, told Reuters the government now saw this as
+too high and had decided "quite severe" measures were needed.
+    "All the organizations of economic management have been
+charged with elaborating further (savings) measures," he said.
+    Asked if these measures were being taken under pressure
+from the International Monetary Fund (IMF), Boesze said: "The
+Fund suggested it would be good to improve monetary results,
+and of course the Fund would support these efforts."
+    IMF teams spent several weeks in Budapest late last year.
+    Boesze said preliminary figures showed that Hungary's state
+budget deficit rose to a preliminary 47 billion forints last
+year from 15.8 billion in 1985 and 3.7 billion in 1984.
+    The economy overshot a target deficit of 23 billion forints
+because of poor performance by state firms, which needed
+subsidies and tax incentives to export and earn hard currency.
+    The exact extent and nature of savings are still under
+discussion but subsidies to state enterprises -- the largest
+budget item -- must definitely fall, Boesze said.
+    Subsidies to state firms, including grants to maintain low
+consumer prices, exceeded the plan by nine billion to reach 164
+billion forints in 1986, up from 152.9 billion in 1985.
+Parliament approved 1987 subsidies of 170 billion forints.
+    "I think that in 1987 it is quite impossible to keep up the
+former situation and we will be obliged to reduce subsidies,"
+Boesze said. "The central administration must be hard. ... If we
+are not hard then we will not be successful."
+    Boesze said the budget could also make savings from reserve
+provisions of two billion forints for central expenditure and
+800 mln forints for transfers to local authorities. "I believe
+these reserves should not be used at all," he said.
+    Wage growth last year outstripped that of gross domestic
+product, which expanded one pct instead of a planned 2.5 pct.
+    The authorities had already signalled a small fall in real
+wages for 1987, but Boesze said firms will suffer severe tax
+penalties if they award nominal rises of over one or two pct.
+    This would mean a severe cut in living standards, as retail
+price inflation is forecast at seven pct after 5.3 pct in 1986.
+    A four-month basic wage freeze expires on April 1.
+    About 40 pct of the 1986 subsidies to state enterprises and
+33 pct in 1985 were made to maintain low consumer prices.
+    Boesze said pure economic policy would dictate significant
+cuts in price subsidies, but that social considerations made
+this difficult.
+    But he added: "I think ultimately we will be able to make
+curtailments in subsidies in this area as well."
+    He said Hungary plans to introduce price reform at the
+beginning of 1988 at the same time as personal taxation and
+value added tax. The IMF supports these aims.
+    Hungary introduced a bankrupcty law last September in an
+attempt to shake out surplus labour from inefficient firms.
+    Between 100,000 and 150,000 workers are expected to be
+unemployed at least temporarily by 1990. Labour discipline is
+being tightened and firms may fire workers more easily.
+    Boesze said the per capita employment tax paid to the state
+by firms was being raised this year to encourage enterprises to
+shed labour. He gave no exact figures.
+    Istvan Nagy, a senior Finance Ministry official responsible
+for drafting the bankrupcy law, told Reuters last year he hoped
+the law would cut state subsidies to enterprises by 50 pct.
+    After subsidies to state enterprises, the largest single
+budget items are social insurance (153 billion forints approved
+for 1987) and transfers to local councils (80 billion).
+    Interest payments on international debt are set to rise to
+more than 10 billion forints in 1987 from between six and seven
+billion in 1986, Boesze said.
+    Hungary's net hard currency debt leapt by 54 pct last year
+to 7.7 billion dlrs, according to provisional figures, while
+trade with Western countries plunged into a deficit of more
+than 400 mln dlrs from a 1.2 billion dlr surplus just two years
+earlier.
+    Boesze said last year's budget deficit was financed 90 pct
+by credits from the National Bank, mostly from abroad, and 10
+pct by the issue of domestic state bonds.
+    Deputy Prime Minister Frigyes Berecz told Hungarian
+economists in a speech this month that the country's economy
+was in a "very difficult" situation, but not in crisis.
+    There would have to be a turnround with tangible results
+this year, however, and borrowing must be used more
+effectively.
+    "Any rise in our present loans may prove to be dangerous,"
+Berecz said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12519" NEWID="336">
+<DATE> 2-MAR-1987 07:18:18.32</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0074&#31;reute
+b f BC-U.K.-MONEY-MARKET-SHO   03-02 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The Bank of England said it revised its
+forecast of the shortage in the money market down to around 700
+mln stg from its original estimate of 800 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12520" NEWID="337">
+<DATE> 2-MAR-1987 07:18:46.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0075&#31;reute
+b f BC-ALASKA-HOUSING-HAS-15   03-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALASKA HOUSING HAS 150 MLN DLR SYNDICATED LOAN</TITLE>
+<DATELINE>    London, March 2 - </DATELINE><BODY>Alaska Housing Finance Corp, a local U.S.
+Government agency, has become the first municipal entity to tap
+the syndicated loan market, receiving a 150 mln dlr, seven-year
+revolving loan, said Merrill Lynch Capital Markets as arranger.
+    Merrill said the loan is a back-up to a proposed
+euro-commercial paper program.
+    The syndicated loan, which is unsecured, carries a
+commitment fee of 0.10 pct per year. Advances will be priced at
+31-1/4 basis points over the London Interbank Offered Rate
+while notes, which need only be purchased by banks if third
+party investors agree to buy them as well, will be priced at
+offering.
+    Alaska Housing Finance was established by the legislature
+of the state of Alaska in 1971, and has so far acquired 6.1
+billion dlrs of mortgages originated in Alaska.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12521" NEWID="338">
+<DATE> 2-MAR-1987 07:19:13.49</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>sweden</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0078&#31;reute
+u f BC-SWEDEN-TO-GO-AHEAD-WI   03-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN TO GO AHEAD WITH S. AFRICAN TRADE SANCTIONS</TITLE>
+<DATELINE>    STOCKHOLM, March 2 - </DATELINE><BODY>Sweden's ruling Social Democratic
+Party gave full power to the government to decree unilateral
+trade sanctions against South Africa, Prime Minister Ingvar
+Calrsson said.
+    Carlsson told a news conference the party decided the fight
+against apartheid took priority over Sweden's traditional
+policy of only adopting sanctions with the backing of the U.N.
+Security Council.
+    The government will decide later what form the trade
+boycott will take and when it will come into force.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12522" NEWID="339">
+<DATE> 2-MAR-1987 07:20:13.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0079&#31;reute
+r f BC-DIGITAL-AUDIO-TAPE-PL   03-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL AUDIO TAPE PLAYERS GO ON SALE IN JAPAN</TITLE>
+<AUTHOR>    By Steven Brull, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>Japanese consumers hesitated about buying
+the controversial digital audio tape player (DAT) as it went on
+sale in Tokyo today, but said the DAT player's near-perfect
+sound will make it a success once it becomes cheaper.
+    "The sound is great, but I'll wait until more machines hit
+the market and prices fall to about 100,000 yen before buying
+one," said Terumi Fujitsuka, 35, a steel firm employee.
+    Aiwa, Sharp and Matsushita displayed their DAT players
+today although delivery will take about two weeks, retailers
+said. Aiwa's machine, the cheapest, is listed at 188,000 yen.
+    Machines by Sony, Hitachi, Toshiba and others will appear
+as early as the end of March, industry sources said.
+    DAT players can play back and record with fidelity superior
+to even a compact disc. They use a cassette half the size of
+the standard audio cassette and unlike conventional analogue
+machines, they can make copies an infinite number of times with
+almost no loss of sound quality.
+    This aroused fears in the music industry of widespread tape
+piracy and loss of royalties. In negotiations that delayed the
+DAT player's debut, the industry demanded anti-piracy circuitry
+be built into the machines.
+    Machines sold in Japan are fitted with a computer chip to
+prevent copying through a digital signal. But copies can still
+be made if the signal is routed through a regular amplifier.
+"Nobody can tell the difference," one salesman said.
+    DAT players have been kept off Western markets and some
+countries are considering banning them or imposing heavy duties
+unless tougher anti-piracy circuitry is added. But Japanese
+hardware makers, hard pressed for profits in the era of the
+high yen and growing competition, are eager to carve out a
+profitable niche.
+    Prices of DAT players will probably fall quickly, possibly
+to around 70,000 yen by next year as other makers put their
+products on the market, industry analysts said.
+    They said by 1990, sales could reach six mln units per
+year.
+    Philips of the Netherlands has said it will launch its DAT
+player on the world market later this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12523" NEWID="340">
+<DATE> 2-MAR-1987 07:20:20.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0080&#31;reute
+r f BC-ECONOMIC-SPOTLIGHT--   03-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - ITALIAN BOOM</TITLE>
+<AUTHOR>    By Jane Leach, Reuters</AUTHOR>
+<DATELINE>    ROME, March 2  - </DATELINE><BODY>Italy's strong economic revival has led
+some observers to talk of miracles and created euphoria in some
+quarters about future growth prospects, but many Italian
+experts warn that the current wave of optimism is excessive.
+    "I think all this foreign interest in the so-called Italian
+miracle is really exaggerated...Foreign observers always
+oscillate in the case of Italy between complete pessimism and
+unwarranted optimism," says Luigi Spaventa, one of Italy's
+leading economists and a professor at Rome University.
+    According to Spaventa, these violent swings of mood have
+been occurring for the last 15 years, with Italy one minute
+seen as the "bad boy of Europe" and unable to raise a dollar and
+the next a worker of miracles and basking in admiration,
+    "I think there's a lot of exaggeration...Once it used to be
+the underground economy and all the correspondents of foreign
+newspapers flocked to Italy to study this. That was another
+story about nothing - like writing about a black cat in a dark
+room."
+    Spaventa, in tune with other economists and industrialists
+here, stress Italy's recent achievements, particularly the
+dramatic and solid recovery in the fortunes of industrial
+enterprises, but warns that the economy is still vulnerable.
+     Profits of private sector firms such as Fiat S.P.A.,
+&lt;FIAT.M> and &lt;ING. C. Olivetti and C. S.P.A.> are booming, the
+major state industries are back in the black after years of
+losses, inflation has nosedived and the trade and balance of
+payments deficits have been slashed. Expectations by some
+experts that Italy is poised to replace Britain as the world's
+fifth largest economy have also boosted optimism.
+    Italy itself has made it clear it is not happy with what it
+feels to be its second-rate status among the major
+industrialised countries.
+    Only this week, it angrily demanded clarification of this
+status after being excluded from a meeting of finance ministers
+from the Group of Five (G-5) - comprising the United States,
+Japan, West Germany, France and Britain.
+    Italy said its exclusion from the meeting violated an
+agreement reached in Tokyo last year to let Italy and Canada
+attend meetings held by the five whenever discussions concerned
+managing the international monetary system.
+    But Italy needs first to tackle some fundamental problems
+still facing its economy, economists and industrialists say.
+    "We must not forget that ours is still a vulnerable economy,"
+warns Fiat managing director Cesare Romiti.
+    He says that while Italy's recent achievements are indeed
+cause for satisfaction and optimism, the focus now should be on
+the problems still remaining rather than those already solved.
+    The country's huge state sector deficit, high unemployment
+and a heavy dependence on imported oil are among the most
+worrying problems, experts say.
+    The size of the state spending deficit -- estimated at
+109,561 billion lire in 1986 and targetted at 100,000 billion
+lire this year -- means there is a risk inflation could spiral
+again, says Carlo Scognamiglio, head of the private Luiss
+university in Rome.
+    Inflation fell into single digits for the first time in a
+decade in September 1984 and by January this year was running
+at 4.5 pct, but it is still not low enough to guarantee
+international competiveness, economists and industrialists say.
+    And unemployment was running at 11.6 pct nationally last
+October according to the latest official data.
+    Recent official data showed that of a total 2.77 million
+people seeking work in October 1986, almost 73 pct were aged
+between 14 and 29. Unemployment in the south was running at
+17.7 pct, more than double that in the industrial north.
+    The Organisation for Economic Cooperation and Development
+(OECD) recently forecast that Italian gross domestic product
+(GDP) would rise rise three pct in 1987 after expanding 2.5 pct
+in 1986. But it warned that growth was unlikely to be enough to
+check rising unemployment.
+    Another problem is Italy's reliance on imported raw
+materials. The country imports around 80 pct of its fuel needs.
+    This factor actually worked sharply in Italy's favour last
+year, when lower energy costs helped slash the country's trade
+deficit to 3,717 billion lire  by year end from 23,085 billion
+lire in 1985.
+    But economists say the improvement owes little to any
+structural change in the Italian economy and that any reversal
+of the trend in costs could have serious consequences.
+    If Italy truly wants to be counted among the world's top
+industrialised nations, it also needs to tighten up stockmarket
+operating procedures and encourage firms to supply more quality
+information about their activities, economists say.
+    Italy has no controls on insider trading.
+    The country also needs to shed its rigid capital movements
+controls -- a European Community directive calls for these to
+be dismantled by 1992 -- but this too will require a less
+blinkered attitude and a change in traditional operating
+procedures, economists say.
+    "Even today, if I wanted to invest in the Tokyo bourse, I
+doubt I'd find the expertise in a brokerage firm or in banks
+which would allow me to do that," says Spaventa.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12524" NEWID="341">
+<DATE> 2-MAR-1987 07:23:29.84</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0097&#31;reute
+b f BC-U.K.-MONEY-MARKET-REC   03-02 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET RECEIVES 37 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with 37 mln stg assistance in the morning
+session. This compares with the Bank's downward revised
+estimate of the shortfall in the system today of around 700 mln
+stg.
+    The central bank purchased bank bills outright comprising
+four mln stg in band one at 10-7/8 pct and 33 mln stg in band
+two at 10-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12525" NEWID="342">
+<DATE> 2-MAR-1987 07:27:19.76</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0108&#31;reute
+u f BC-JAPAN,-U.S.-SET-TO-BE   03-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN, U.S. SET TO BEGIN HIGH-LEVEL TRADE TALKS</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>Japan and the U.S. Kick off top-level
+trade talks tomorrow amid signs officials from both sides are
+growing increasingly irritated with each other.
+    The talks, held annually at sub-cabinet level to review the
+whole gamut of U.S./Japan economic relations, will pave the way
+for American Secretary of State George Schultz's one day
+stop-over here at end-week on his way home from China.
+    Faced with growing Congressional protectionist pressure,
+the U.S. Administration is pressing Japan for speedy action to
+reduce its still huge trade surplus, U.S. Officials said.
+    "We appreciate their frustration," a senior Japanese
+government official said. "But we are also frustrated."
+    The official said the 40 pct rise of the yen over the last
+18 months has hit Japan hard, forcing exporters to slash
+spending and lay off workers to make up for lost sales abroad.
+That has not yet shown up in dollar-based statistics on trade,
+but it will, he said.
+    He said the U.S. Administration was ignoring the progress
+that has been made and instead emphasizing the problems that
+remain when it talks with Congress.
+    "It would only take five minutes to list their
+accomplishments," a senior U.S. Official replied.
+    The talks begin tomorrow with high-level discussions on the
+economic structures of both countries and how they affect the
+bilateral trade imbalance, which last year amounted to 51.48
+billion dlrs in Japan's favour.
+    On the following two days, the topics will range from
+multilateral trade talks under the auspices of the General
+Agreement on Tariffs and Trade (GATT) to such bilateral trade
+problems as super computers.
+    The structural talks are intended to be free-wheeling
+discussions among senior officials. Tomorrow's topics include
+savings and investment issues such as consumer credit and
+housing, and the implications of government budget deficits.
+    These talks come at a particularly delicate time for the
+Japanese government, which is facing increasing domestic
+pressure to abandon its tight-fisted fiscal policy and
+stimulate the sagging economy by spending more.
+    Some U.S. Officials complained Japan has no intention of
+boosting domestic demand and imports, as Washington wants.
+    Japanese officials in turn pointed the finger at the huge
+U.S. Budget deficit as one of the main culprits for the trade
+imbalance. That budget deficit has meant that the U.S. Is
+buying more imports.
+    Japan seems particularly peeved at being singled in a draft
+trade bill before the Senate as a nation following adverserial
+trade practices. "It condemns Japan without due process," one
+Japanese official said.
+    That reference spoils what is otherwise a well-thought-out
+bill introduced by Democratic Senator Lloyd Bentsen, he said.
+    Japan is also not totally happy with the administration's
+trade bill, particularly its proposal to establish reciprocal
+access to foreign markets as one criteria for retaliatory trade
+action by the U.S., Officials said.
+    Nevertheless, Japanese officials said they remain in a weak
+bargaining position, especially with the threat of a trade bill
+overhanging them.
+    "We have no leverage," one official admitted.
+    As a result, Tokyo is striving to meet U.S. Complaints
+about its trade practices in a variety of fields, including
+super computers.
+    The U.S. Is pressing for greater access to the Japanese
+super computer market.
+    The Japanese government has sent a long questionnaire to
+public institutions like universities which buy the
+sophisticated machines in hopes of eventually setting up
+informal bidding procedures easily understood by all potential
+sellers, officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12526" NEWID="343">
+<DATE> 2-MAR-1987 07:30:12.41</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0118&#31;reute
+u f BC-INDIA-TO-HOLD-WHITE-S   03-02 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA TO HOLD WHITE SUGAR BUYING TENDER</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>India will hold a buying tender on
+Wednesday, March 4, for two to three cargoes of white sugar for
+March/April shipment, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12527" NEWID="344">
+<DATE> 2-MAR-1987 07:31:00.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0120&#31;reute
+r f BC-QANTAS-TO-BUY-FOUR-74   03-02 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QANTAS TO BUY FOUR 747-400'S FOR ONE BILLION DLRS</TITLE>
+<DATELINE>    SYDNEY, March 2 - </DATELINE><BODY>&lt;Qantas Airways Ltd> has placed a firm
+order with Boeing Co &lt;BA> for four 747-400 aircraft at a cost
+of 250 mln Australian dlrs each, chairman Jim Leslie said.
+    The first is due for delivery in April 1989 with the others
+arriving in May, June and September of that year, he said in a
+statement.
+    The 400 series is the latest model of the Boeing 747
+family, he said.
+    The purchase will take government-owned Qantas's 747 fleet
+to 28, he said.
+    Leslie said Qantas is talking to three engine makers who
+are all offering engines for the Boeing 747-400 and it will
+announce a decision on engine purchases later this year.
+    He said they are &lt;Pratt and Whitney> and General Electric
+Co &lt;GE>, a unit of United Technologies Corp &lt;UTX>, and
+Britain's &lt;Rolls-Royce Ltd>.
+    He said the 747-400, which incorporates new technology such
+as extended wings with six-feet high winglets and enhanced
+electronics, should have its first flight next February. The
+400 series has a designed range of 12,500 kms, 2,140 kms
+further than the current Qantas 747-300's, he said.
+    The aircraft will be financed by foreign borrowings and
+foreign exchange earnings, and Qantas believes they will pay
+for themselves in four to five years, Leslie said.
+    The 747-400 has a take-off weight of 870,000 pounds, up
+from 833,000 for the 300 series, and offers an eight pct fuel
+saving, he said.
+    The higher range and payload means they will first be used
+on the route to Britain and Europe via Asia.
+    They will also be used on non-stop flights between Sydney
+and Los Angeles.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12528" NEWID="345">
+<DATE> 2-MAR-1987 07:32:06.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0125&#31;reute
+u f BC-CARLTON-COMMUNICATION   03-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARLTON COMMUNICATIONS OPTIMISTIC FOR 1987</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>&lt;Carlton Communications Plc> has started
+the current financial year well, with accounts for the first
+four months showing a healthy increase on the same period last
+year, and Chairman M.P. Green told the annual meeting he looked
+forward to 1987 with optimism.
+    The issue of 4.6 mln shares in ADR form had now been
+successfully completed, he added.
+    Carlton intended to increase its presence in the U.S. Which
+represented 50 pct of the world television market. Conditions
+worldwide in the television industry continued to look buoyant,
+the Chairman noted.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12529" NEWID="346">
+<DATE> 2-MAR-1987 07:34:32.08</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>belgium</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0130&#31;reute
+u f BC-EC-OPENS-ANTI-DUMPING   03-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC OPENS ANTI-DUMPING ENQUIRY INTO SOVIET MERCURY</TITLE>
+<DATELINE>    BRUSSELS, March 2 - </DATELINE><BODY>The European Community Commission said
+it has opened an enquiry into allegations that the Soviet Union
+is dumping mercury on the European market at below-cost prices.
+    The Commission said its decision follows a complaint from
+EC non-ferrous metals producers that the sales of Soviet
+mercury were harming their business and threatening jobs in the
+European industry.
+    According to the complaint, Soviet mercury sales in the EC
+had risen from zero in recent years to 100 tonnes between
+August and October last year and threaten to capture 25 pct of
+the EC market if they continue at the same pace.
+    The industry said the mercury was being sold at more than
+40 pct below prices charged by EC producers, forcing them to
+cut their prices to levels that no longer covered costs. The
+imports had caused producers heavy financial losses, it said.
+    The Commission said the industry would probably be unable
+to hold prices at current levels and that any increase would
+result in loss of sales and jobs.
+    The so-called anti-dumping procedure opened by the
+Commission will allow all interested parties to state their
+cases to the authority.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12530" NEWID="347">
+<DATE> 2-MAR-1987 07:37:23.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0140&#31;reute
+r f BC-MANILA-SAID-TO-OFFER   03-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANILA SAID TO OFFER DEBT BONDS TO BANKS</TITLE>
+<DATELINE>    MANILA, March 2 - </DATELINE><BODY>The Philippines will offer commercial
+bank creditors an innovative pricing plan that will make debt
+payments through certificates of indebtedness instead of cash,
+the authoritative Business Day newspaper said.
+    Finance Secretary Jaime Ongpin told reporters Saturday that
+the alternative proposal is designed to avoid an impasse when
+debt rescheduling talks reopen in New York on Tuesday.
+    He did not give details but said, "It is a very useful
+alternative and in the end will permit the banks to say that
+they achieved their pricing target and will likewise permit the
+Philippines to say exactly the same thing."
+    Quoting negotiation documents to be presented to the
+country's 12-bank advisory committee, Business Day said the
+debt certificates will carry maturities of five or six years.
+    It said the certificates will be classified as zero-coupon
+bonds or promissory notes with no interest but priced at a
+considerable discount from their redemption price.
+    It said the debt bonds will entitle holder banks to a
+guaranteed return on both interest and principal since no
+payment of any kind is made until the bond matures.
+    It said a bank can sell the bonds on the secondary bond
+market for either dlrs or pesos depending on its requirement.
+    The peso proceeds can be invested in selected industries
+under the Philippines' debt/equity program. Ongpin said Manila
+is sticking to its demand of a spread of 5/8 percentage points
+over London interbank offered Rates (LIBOR) for restructuring
+3.6 billion dlrs of debt repayments.
+    "(The proposal) will give the banks a choice of 5/8ths or
+the alternative," Ongpin said. "Our representatives have gone
+to Washington to the (International Monetary) Fund, the (World)
+Bank, the Fed (Federal Reserve Board) and the (U.S.) Treasury
+to brief them in advance on this alternative and it has
+generally been positively received."
+    "We don't believe that there is going to be a problem on
+the accounting side," Ongpin said. "We have run this
+alternative proposal to the accounting firms. Neither have the
+government regulators indicated that there will be a problem."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12531" NEWID="348">
+<DATE> 2-MAR-1987 07:39:01.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>usa</D></PLACES>
+<PEOPLE><D>brodersohn</D><D>james-baker</D><D>volcker</D><D>camdessus</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0146&#31;reute
+r f BC-ARGENTINE-DEBT-NEGOTI   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE DEBT NEGOTIATOR CONFIDENT OF ACCORD</TITLE>
+<DATELINE>    BUENOS AIRES, March 2 - </DATELINE><BODY>Argentina's chief debt negotiator
+said he was confident of a prompt accord with international
+creditor banks for rescheduling the country's foreign debt.
+    "I'm quite optimistic about carrying out a serious and
+quick negotiation," Treasury Secretary Mario Brodersohn said on
+return from talks in New York with leading U.S. and world
+financial officials.
+    Argentina is currently negotiating terms with the steering
+committee for its creditor banks that will allow it to meet
+four pct economic growth targets in 1987. It has also asked for
+a reduction in interest rates and fresh credit.
+    Brodersohn said the growth targets were not negotiable, but
+Argentina did not want to follow Brazil in suspending payments
+on its foreign debt.
+    He said Argentina was seeking 2.15 billion dlrs credit to
+meet the targets, adding that the banks' attitude had improved
+following Brazil's decision.
+    The United States and a group of other industrial nations
+on Thursday granted Argentina a 500 mln dlr bridge loan.
+    Brodersohn held talks in New York with U.S. Treasury
+Secretary James Baker, Federal Reserve chief Paul Volcker and
+International Monetary Fund (IMF) head Michel Camdessus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12532" NEWID="349">
+<DATE> 2-MAR-1987 07:39:23.30</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uae</D><D>bahrain</D><D>saudi-arabia</D><D>kuwait</D><D>qatar</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0149&#31;reute
+r f BC-GULF-ARAB-DEPUTY-OIL   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF ARAB DEPUTY OIL MINISTERS TO MEET IN BAHRAIN</TITLE>
+<DATELINE>    ABU DHABI, March 2 - </DATELINE><BODY>Deputy oil ministers from six Gulf
+Arab states will meet in Bahrain today to discuss coordination
+of crude oil marketing, the official Emirates news agency WAM
+reported.
+    WAM said the officials would be discussing implementation
+of last Sunday's agreement in Doha by Gulf Cooperation Council
+(GCC) oil ministers to help each other market their crude oil.
+    Four of the GCC states - Saudi Arabia, the United Arab
+Emirates (UAE), Kuwait and Qatar - are members of the
+Organiaation of Petroleum Exporting Countries (OPEC) and some
+face stiff buyer resistance to official OPEC prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12533" NEWID="350">
+<DATE> 2-MAR-1987 07:39:34.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0151&#31;reute
+u f BC-MANILA-OFFICIALS-SPLI   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANILA OFFICIALS SPLIT OVER DEBT STRATEGY</TITLE>
+<DATELINE>    MANILA, March 2 - </DATELINE><BODY>A rift has occured among Philippine
+officials over debt talks opening tomorrow in New York with
+Economic Planning Secretary Solita Monsod accusing the chief
+negotiator of softening his stand to gain a quick agreement.
+    Monsod told Reuters Finance Secretary Jaime Ongpin had
+decided not to insist on Manila's creditor banks pledging to
+fund half of a projected 1988/92 financing gap of seven billion
+dlrs.
+    "He (Ongpin) wants to finish the negotiations as fast as
+possible. I'm saying that's very short-sighted," Monsod said.
+    Monsod said any pricing agreement on rescheduling 3.6
+billion dlrs of the Philippines' total foreign debt of 27.8
+billion dlrs would ignore a looming 14 billion dlr net resource
+transfer in the same period.
+    Manila is seeking a spread of 5/8 percentage points over
+the London Interbank Offered Rates (LIBOR).
+    Monsod said,  "Right now we are saying to the banks, let's
+share the financing burden."
+    Ongpin said last month the country's consultative group of
+multilateral and bilateral aid donors had endorsed a growth
+facility to bridge the funding gap.
+     He said the government and the consultative group would
+meet annually to gauge financing needs for each year. The aid
+donors and commercial bank creditors would then be asked to
+finance any gap on a shared basis.
+    He told reporters on Saturday it would be unwise to try to
+pin the banks down on Monsod's proposed growth facility.
+    Ongpin acknowledged there was a dispute over tactics.
+"Secretary Monsod and I get along famously," he said. "She talks
+and I listen but I don't necessarily agree."
+    Monsod said a firm commitment from the banks on bridging
+the financing gap would have aided the government's
+pump-priming program and 1987/92 medium-term development plan.
+    She said if private sector investment continued to be held
+back by the fear of a balance of payments crisis and rising
+interest rates, the country would fail to achieve its gross
+national product (GNP) growth target of an average 6.5 pct over
+the next six years.
+    "If you don't get those seven billion dlrs there is no plan.
+How can there be a program if there is no finance?" she said,
+adding Ongpin's stand was not good for the economy.
+    "It (Ongpin's stand) is going to make it much more difficult
+for the economy to attain its growth targets," Monsod said.
+    "Considering what the Philippine negotiating team is going
+to press for there is absolutely no reason why they should not
+be able to come back (from New York) in a day," she said.
+    Monsod, the government's chief economic planner, stressed
+Manila's policy was growth before debt.
+    She said if the banks refused to lend the new money, the
+Philippines should copy Brazil's action last week in freezing
+all debt repayments.
+    "If the banks do not cooperate by lending you back some of
+the money that you are sending abroad, then of course you have
+an option," Monsod said. "You just don't send it abroad. You do a
+Brazil."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12534" NEWID="351">
+<DATE> 2-MAR-1987 07:39:41.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D><D>nakasone</D></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0152&#31;reute
+r f BC-OECD-SAYS-JAPAN-RESOL   03-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD SAYS JAPAN RESOLVED TO STIMULATE DEMAND</TITLE>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>Japan appears resolved to encourage
+domestic demand for its goods instead of relying on exports to
+support its economy, Jean-Claude Paye, Director General of the
+Organization for Economic Cooperation and Development (OECD),
+told a news conference.
+    Paye has been in Japan exchanging views on problems
+confronting the world economy and the role of the OECD.
+    He met with Prime Minister Yasuhiro Nakasone, Foreign
+Minister Tadashi Kuranari, Bank of Japan Governor Satoshi
+Sumita and other high-ranking Japanese officials.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12535" NEWID="352">
+<DATE> 2-MAR-1987 07:43:22.81</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D><D>bahrain</D></PLACES>
+<PEOPLE><D>hisham-nazer</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0161&#31;reute
+r f AM-OIL-SAUDI   03-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA REITERATES COMMITMENT TO OPEC ACCORD</TITLE>
+<DATELINE>    BAHRAIN, March 2 - </DATELINE><BODY>Saudi Arabian Oil Minister Hisham Nazer
+reiterated the kingdom's commitment to last December's OPEC
+accord to boost world oil prices and stabilize the market, the
+official Saudi Press Agency SPA said.
+    Asked by the agency about the recent fall in free market
+oil prices, Nazer said Saudi Arabia "is fully adhering by the
+... accord and it will never sell its oil at prices below the
+pronounced prices under any circumstance."
+    Saudi Arabia was a main architect of December pact under
+which OPEC agreed to cut its total oil output ceiling by 7.25
+pct and return to fixed prices of around 18 dollars a barrel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12536" NEWID="353">
+<DATE> 2-MAR-1987 07:43:41.57</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0163&#31;reute
+r f BC-OIL-KUWAIT   03-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT MINISTER SAYS NO EMERGENCY OPEC TALKS SET</TITLE>
+<DATELINE>    KUWAIT, March 2 - </DATELINE><BODY>Kuwait's oil minister said in a newspaper
+interview that there were no plans for an emergency OPEC
+meeting after the recent weakness in world oil prices.
+    Sheikh Ali al-Khalifa al-Sabah was quoted by the local
+daily al-Qabas as saying that "none of the OPEC members has
+asked for such a meeting."
+    He also denied that Kuwait was pumping above its OPEC quota
+of 948,000 barrels of crude daily (bpd).
+    Crude oil prices fell sharply last week as international
+oil traders and analysts estimated the 13-nation OPEC was
+pumping up to one million bpd over its self-imposed limits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12537" NEWID="354">
+<DATE> 2-MAR-1987 07:49:14.27</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D><D>south-korea</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0184&#31;reute
+r f BC-TAIWAN-PLANS-NEW-TARI   03-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN PLANS NEW TARIFF CUTS</TITLE>
+<AUTHOR>    By Andrew Browne, Reuters</AUTHOR>
+<DATELINE>    TAIPEI, March 2 - </DATELINE><BODY>Taiwan plans another round of deep tariff
+cuts this year to help narrow its trade surplus with the U.S.,
+A senior economic planner said.
+    Wang Chao-Ming, vice-chairman of the council for economic
+planning and development, told Reuters Taiwan would further
+reduce import tariffs on 1,700 products sometime in the second
+half of this year.
+    Cuts of up to 50 pct on those items were made last year and
+Wang said further cuts would go much deeper.
+    "We have to speed up liberalisation and cut import tariffs
+faster and more substantially," he said.
+    The United States, Taiwan's main trading partner, has said
+the island's import tariffs, still ranging from a high of
+almost 60 pct, were unacceptable. It has criticised the cuts as
+too selective.
+     Taiwan's trade surplus with the United States hit 13.6
+billion dlrs last year. The surplus has boosted foreign
+exchange reserves to 50 billion dlrs, which Wang said made
+Taiwan a target for U.S. Protectionism.
+    Wang said the trade surplus and the reserves weakened
+Taiwan's position in talks with Washington over export quotas,
+particularly for shoes, textiles and machine tools which are
+among the island's main export-earners.
+    A special Taiwanese trade delegation leaves for Washington
+tomorrow to try to renegotiate an agreement signed last year
+limiting exports of Taiwan textiles.
+    Under the accord, Taiwan's textile export growth was
+limited to 0.5 pct each year until 1988. Taipei has said it is
+losing markets to South Korea and Hong Kong which were given
+more generous terms.
+ REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12538" NEWID="355">
+<DATE> 2-MAR-1987 07:55:10.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0197&#31;reute
+b f BC-RHONE-POULENC-TO-LAUN   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RHONE-POULENC TO LAUNCH INVESTMENT CERTIFICATES</TITLE>
+<DATELINE>    PARIS, March 2 - </DATELINE><BODY>French state-owned chemicals group
+Rhone-Poulenc &lt;RHON.PA> said it will increase its capital with
+a 2.5 billion franc issue of preferential investment
+certificates on March 9.
+    Company chairman Jean-Rene Fourtou said 500 mln francs of
+the issue will be placed in the U.S. Details of the issue will
+be announced by Finance Minister Edouard Balladur on March 6.
+    The group, due to be privatised at an unspecified date,
+said in January it was planning a capital increase to pursue
+its development strategy and make further acquisitions.
+    Rhone-Poulenc shares were suspended from trading on the
+Paris Bourse last Thursday ahead of the capital increase. The
+group's capital currently stands at 4.03 billion francs.
+    Fourtou, speaking at a news conference, did not give
+details of acquisitions the company planned for 1987.
+    He said acquisitions in 1987 would complement an industrial
+investment program of around five billion francs, and research
+spending of about 3.5 billion francs. Rhone-Poulenc spent 5.5
+billion francs on acquisitions last year.
+    "Chemistry is on the move and we face opportunities that
+must be seized," Fourtou said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12564" NEWID="356">
+<DATE> 2-MAR-1987 08:04:31.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0219&#31;reute
+u f BC-HUTCHISON-SEES-HIGHER   03-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUTCHISON SEES HIGHER PAYOUT, SATISFACTORY PROFITS</TITLE>
+<DATELINE>    HONG KONG, March 2 - </DATELINE><BODY>Hutchison Whampoa Ltd &lt;HWHH.HK>
+expects satisfactory profits in 1987 and will pay a higher
+dividend for the year, chairman Li Ka-shing said.
+    He did not make any specific projections for the company's
+earnings this year but he said the firm will pay a dividend of
+not less than 32.5 cents per share after a proposed
+four-for-one stock split and a one-for-four bonus issue.
+    It paid total dividends of 1.30 dlrs per share last year,
+equal to 26 cents per share, adjusting for the bonus and share
+split.
+    Hutchison, which has operations ranging from trading to
+property and container terminals, earlier reported after-tax
+profits of 1.62 billion dlrs against 1.19 billion dlrs in 1985.
+    The 1986 total excluded extraordinary gains of 563 mln
+dlrs, partly from the sale of some of its stake in the South
+China Morning Post, the leading English language newspaper,
+compared with 369 mln dlrs the previous year. It said it
+expects another 277 mln dlr gain in 1987 from the sale of the
+remaining shares.
+    Li said Hong Kong's property market remains strong while
+its economy is performing better than forecast with its largely
+export-led growth.
+    Gross domestic product grew by nearly nine pct last year
+against an initial government projection of 4.5 pct.
+    But he said Hong Kong's large trade deficit with the U.S.
+May result in protectionist measures that will adversely affect
+the British colony.
+    He said all of the company's major operations showed
+improved results in 1986.
+    Hutchison said earlier it will sell its entire 23.5 pct
+interest in Hongkong Electric Holdings Ltd &lt;HKEH.HK> to
+&lt;Cavendish International Holdings Ltd>, itself a spin-off from
+Hongkong Electric.
+    Under a reorganisation announced separately, Hongkong
+Electric will spin off all its non-electricity related
+activities into Cavendish, which will be listed on the local
+stock exchange. Hongkong Electric shareholders will receive one
+share in Cavendish for every Hongkong Electric share.
+    Cavendish will buy the 348.2 mln Hongkong Electric shares
+from Hutchison by issuing 975 mln new shares.
+    The spin-off and the sale of Hongkong Electric shares will
+give Hutchison a 53 pct stake in Cavendish.
+    Li said the decision to spin-off Cavendish is to relieve
+Hongkong Electric of public criticism of the power company for
+making risky investments. But he denied there was pressure from
+the government for the spin-off.
+    He said Cavendish will have seven billion dlrs of assets
+and will be almost debt free, with 340 mln dlrs of liabilites.
+Its major assets are the Hong Kong Hilton Hotel, property
+development, and interests in Husky Oil Ltd &lt;HYO.TO> of Canada
+and Pearson Plc &lt;PSON.L> of Britain.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12539" NEWID="357">
+<DATE> 2-MAR-1987 08:05:24.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0222&#31;reute
+b f BC-BALLADUR-EXPECTS-IMPR   03-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR EXPECTS IMPROVED FEBRUARY INFLATION DATA</TITLE>
+<DATELINE>    PARIS, March 2 - </DATELINE><BODY>The French inflation rate is expected to
+show a substantial improvement in February after January's very
+high 0.9 pct monthly rate, Finance Minister Edouard Balladur
+said.
+    He told a French television interviewer that half of the
+high January rise, which took year on year inflation that month
+to three pct, was due to higher oil prices.
+    "Now, taking account of this inflation index, our forecast
+for price rises this year is two and a half pct," he said.
+    Balladur said the upward revision of the inflation target,
+which the government had initially set at two pct for this
+year, should not affect wage expectations for this year.
+    "There is no reason to envisage a change in our wage policy,"
+he said, referring to the government's aim of holding public
+sector wage increases to three pct this year.
+    Price inflation last year fell to 2.1 pct from 4.7 pct in
+1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12540" NEWID="358">
+<DATE> 2-MAR-1987 08:14:24.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0249&#31;reute
+u f BC-FEBRUARY-U.S.-PURCHAS   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEBRUARY U.S. PURCHASING MANAGER INDEX FALLS</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>The U.S. economy continued to expand in
+February, but at a slower pace than in January which saw a
+spurt of activity, the National Association of Purchasing
+Management (NAPM) said in a report.
+    The Association's composite survey index declined to 51.9
+pct in February from 55.8 pct in January, the NAPM said. It was
+the seventh consecutive month in which this leading indicator
+was over 50 pct.
+    A reading above 50 pct generally indicates that the economy
+is in an expanding phase. One below 50 pct implies a declining
+economy.
+    The report, based on questions asked of purchasing managers
+at 250 U.S. industrial companies, also found that the growth
+rate in new orders and production slowed in February.
+    However, production remained vigorous as more than three
+times as many members reported it better rather than worse.
+    Vendor deliveries improved slightly last month, but members
+reported that steel supplies were tight as U.S. Steel &lt;X>
+gradually resumed production.
+    An equal number of members reported inventories were higher
+and lower. The NAPM said that had not happened since August
+1984.
+    For a sixth month, more purchasers reported paying higher
+rather than lower prices, this time by a ratio of nine to one.
+    Robert Bretz, chairman of the NAPM's business survey
+committee and director of materials management at Pitney Bowes
+Inc &lt;PBI> said "the economy continued to expand in February,
+but at a more subdued rate than in January. The slowing of new
+orders should not be significant enough to dampen prospects for
+a respectable first quarter."
+    The composite index is a seasonally adjusted figure, based
+on five components of the NAPM business survey - new orders,
+production, vendor deliveries, inventories and employment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12541" NEWID="359">
+<DATE> 2-MAR-1987 08:15:10.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0254&#31;reute
+r f BC-FUNARO-SAYS-BRAZIL-NE   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUNARO SAYS BRAZIL NEEDS MORE, FASTER FINANCE</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Brazil would not have suspended
+payments on debt owed to foreign banks if it had received more
+and faster financing from official lending agencies, Finance
+Minister Dilson Funaro said.
+    He said he would not seek more money from the International
+Monetary Fund to which Brazil paid 922 mln dlrs last year and
+said Brazil's problems could not be solved by IMF intervention.
+    "It's a question of why the official lending agencies don't
+finance a little bit more quickly and easily," Funaro told
+reporters at the Brazilian Embassy.
+    Asked if Brazil would have continued making payments of
+monthly interest to its foreign commercial bank lenders if
+official lending agencies had provided more funds, he replied,
+"Yes, because our country did not receive financing from these
+agencies."
+    Asked how long the payment suspension would last, Funaro
+said "It all depends on what kind of financing we are going to
+receive from the other side."
+    Brazil, with foreign debt totaling 108 billion dlrs,
+stunned the banking community last week by suspending payments
+on some 68 billion dlrs owed to private banks.
+    Funaro said Brazil had paid 44 billion dollars to the World
+Bank and other lending agencies and commercial banks in the
+past four years and got only 11 billion dlrs in loans.
+    He said the net transfer was hurting the country's
+continued growth and capacity to import goods.
+    "Something is wrong with the system. Some mechanism has to
+be found to finance a country like Brazil," Funaro said.
+    He did not specify what steps he had in mind but said he
+would like to see "automatic" official lending when needed so
+that Brazil would not have to dip into its dwindling reserves,
+now reported to be below four billion dlrs.
+    Funaro said Brazil had the world's third-largest trade
+surplus and estimated the 1987 surplus would be at least eight
+billion dlrs.
+    But he said that without increased and faster lending from
+official institutions, the nation could not rely on its export
+earnings to finance development and imports and also service
+its debt.
+    "We must find an equilibrium between foreign adjustment and
+internal adjustment," Funaro said.
+    He complained that official lending agencies had imposed
+tight control on credit over the past four years, leaving
+commercial bank refinancing as the only credit available.
+    Funaro said U.S officials understand his position "but they
+don't like it." Later he left Washington for a tour of Europe
+and debt discussions with officials in Britain, West Germany,
+France, Switzerland and Italy.
+    Brazil's central cank President Francisco Gros said he sent
+a telex to creditor banks Friday to clarify confusion over
+Brazil's request that banks expedite procedures for renewal of
+short-term interbank credit and trade credit lines.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12542" NEWID="360">
+<DATE> 2-MAR-1987 08:16:08.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0260&#31;reute
+r f BC-AMERICAN-MOTORS-BREAK   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MOTORS &lt;AMO> BREAKS OFF TALKS ON PLANT</TITLE>
+<DATELINE>    DETROIT, March 2 - </DATELINE><BODY>American Motors Corp said that it broke
+off talks aimed at extending the life of its only U.S. car
+assembly plant after the union rejected its final proposal for
+wage concessions.
+    Negotiations, which continued past a midnight Friday
+deadline, ended Saturday after United Auto Workers negotiators
+voted to reject the unspecified concessions, an AMC spokesman
+said by telephone from Milwaukee, site of the talks.
+    Without a new agreement containing lower labor costs, AMC
+said it would phase out vehicle production at the complex in
+Kenosha, Wisconsin, by 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12543" NEWID="361">
+<DATE> 2-MAR-1987 08:16:59.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0267&#31;reute
+r f BC-SCIENTIFIC-MICRO-SYST   03-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCIENTIFIC MICRO SYSTEMS &lt;SMSI> ACUIRES SUPERMAC</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Scientific Micro Systems Inc said it
+has acquired Supermac Technology, a rapidly growing supplier of
+enhancement products and disc drive subsystems for the Apple
+personal computer market.
+    Scientific Micro said it acquired all the common stock of
+Supermac in exchange for 1.05 mln shares of its own common
+stock. The stock closed at 5.50 dlrs bid on Friday.
+    Supermac, a privately held firm based in Mountain View,
+California, as is Scientific Micro, reported a net profit of
+300,000 dlrs on revenue of 9.5 mln dlrs in fiscal 1986. It
+expects its revenue to approximately double in 1987.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12544" NEWID="362">
+<DATE> 2-MAR-1987 08:17:56.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0274&#31;reute
+u f PM-SHEARSON   03-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS &lt;AXP> VIEWING SHEARSON OPTIONS</TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>American Express Co, rumored to be
+considering a spinoff of part of Shearson Lehman Brothers Inc,
+said it is studying a range of options for its brokerage unit
+that could improve Shearon's access to capital and help it meet
+broadening international competition.
+    In a joint statement, American Express and Shearson said
+the actions under consideration are an integral part of
+American Express' worldwide financial services strategy and
+that the two companies have been having both internal and
+external discussions on the matters.
+    American Express said no decision has been reached on the
+strategic options and that it and Shearson could ultimately
+decide to follow growth plans already in place.
+    Last week, rumors circulated on Wall Street that the
+financial services giant was considering a spinoff of part of
+Shearson and there was speculation it may be considering
+selling a stake to a Japanese firm. Analysts said the
+speculation also focused on American Express selling 20 pct of
+the profitable brokerage firm to the public.
+    There was some speculation that American Express had also
+considered a total spinoff of Shearson, but the plan was
+considered highly unlikely, analysts said.
+     American Express said in the statement on Sunday that it
+will not comment on rumors and speculation and a spokesman
+would not go beyond the statement. The company also remained
+silent last Thursday and Friday, as rumors drove American
+Express stock up a total of 5-1/2 dlrs in two days to bring it
+to a Friday close at 74.
+     It said it issued the statement on Sunday because a
+similar statement was being circulated to employees.
+    Analysts have been divided on whether it makes sense for
+American Express to give up a stake in the wholly-owned
+brokerage, which improved its after-tax earnings by about 50
+pct in the last year.
+    Some analysts said American Express may consider spinning
+off part of Shearson because it is concerned that its stock
+price does not fully reflect the value of the brokerage firm.
+     Shearson contributed 316 mln dlrs of American Express'
+1.25 billion dlr net in 1986.
+    American Express' ambitious plans for international growth
+may be also enhanced by the added cash that spinning out part
+of Shearson would bring. Analysts speculated that all of
+Shearson would have a market value of about 3.5 billion dlrs.
+    To some however, the need for added capital is puzzling.
+"(American) Express is in a position where they can raise
+capital if they need to," said Larry Eckenfelder of
+Prudential-Bache Securities.
+    Analysts said rumors were fed by the reorganization of
+Shearson management Wednesday. Chief operating officer Jeffrey
+Lane got the added, previously vacant, post of president.
+     The reorganization also created four new positions for
+chairmen of Shearson's operating divisions, a move analysts
+speculated would allow Shearson to be a stand alone company.
+     Analysts, contacted on Sunday said the statement does
+little to clarify last week's market speculation. It does
+confirm, however, that the financial services firm, which
+unsuccessfully attempted to expand Shearson with a major
+acquisition last year, is looking beyond its own walls for
+growth and positioning in the global market competition.
+    Late last year, Shearson's takeover offer to the E.F.
+Hutton Group Inc was rejected by Hutton, and analysts said
+there had been speculation that Shearson also was rebuffed when
+it approached another major Wall Street brokerage.        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12545" NEWID="363">
+<DATE> 2-MAR-1987 08:19:37.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-SPANISH-FARMERS-PROTE   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH FARMERS PROTEST, THEN CALL TRUCE</TITLE>
+<DATELINE>    MADRID, March 2 - </DATELINE><BODY>Spanish farmers demanding a better deal
+from the European Community blocked roads and staged protest
+rallies this weekend before their leaders announced a truce to
+negotiate with the government.
+    Spain joined the community at the start of last year and
+farmers say they have suffered competition from EC imports
+without sufficient compensation.
+    Leaders of three of the farmers' organisations announced at
+a press conference in Madrid yesterday they were suspending
+protests to allow time for negotiations with the government on
+their grievances.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12546" NEWID="364">
+<DATE> 2-MAR-1987 08:21:05.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0286&#31;reute
+u f BC-SWISS-HAVE-NET-GAIN-I   03-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS HAVE NET GAIN IN 1985 GOVERNMENT FINANCES</TITLE>
+<DATELINE>    BERNE, March 2 - </DATELINE><BODY>Switzerland recorded last year its first
+overall surplus in government finances since 1974, ending with
+a net gain worth 905 mln Swiss francs, the Finance Ministry
+said.
+    The surplus, including cash transactions and long-term
+investments, contrasted with the 1985 shortfall of 1.06 billion
+francs and the 297 mln franc deficit proposed in the 1986
+budget.
+    All categories of revenues were higher than forecast, and
+expenditures were 433 mln francs under forecast.
+    The Finance Ministry said expenditures totalled 23.18
+billion francs against 22.88 billion in 1985 and the 23.61
+billion proposed in the original 1986 budget.
+    Tax receipts, at 25.11 billion, were well above the 1985
+figure of 22.19 billion and the forecast for 1986 of 23.71
+billion. This left a surplus on cash transactions totalling
+1.94 billion francs against a forecast 102 mln and the 1985
+deficit of 696 mln.
+    Income and wealth taxes ended 749 mln francs above
+forecast, 378 mln of which came from higher than expected
+receipts on the stamp duty on financial market transactions.
+    Taxes on comsumption brought in 638 mln francs more than
+planned and other taxes 16 mln francs more, the ministry said.
+    The ministry said the improvement in the overall account
+reflected years of efforts by the government and parliament to
+introduce saving and the acceptance by people of necessary tax
+increases. But economic factors, including the low rate of
+inflation, the weak dollar, falling interest rates and low oil
+prices were also important factors.
+    A spokesman for the ministry said the government had used
+its improved cash position to retire about one billion francs
+of government debt, which accounted for the difference between
+the 1.94 billion surplus on cash transactions and the 905 mln
+franc overall surplus.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12547" NEWID="365">
+<DATE> 2-MAR-1987 08:22:05.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0288&#31;reute
+r f BC-TWO-S&amp;L-FAILURES-RAIS   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO S/L FAILURES RAISE U.S. 1987 TOLL TO 10</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The Federal Home Loan Bank Board
+(FHLBB) announced savings and loan association failures in
+Kansas and Colorado, raising the U.S. 1987 total to 10.
+    The FHLBB said it closed the First Federal Savings and Loan
+Association of Beloit, Kansas, and transferred its desposits
+and some other assets to Home Savings Association.
+It said First Federal, with 82.9 mln dlrs in assets, was closed
+because he was insolvent
+    The FHLBB said that, due to insolvency, it put Key S and L
+of Englewood, Colo, into receivorship and replaced it with a
+new Key Savings and Loan Association with new management.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12548" NEWID="366">
+<DATE> 2-MAR-1987 08:22:40.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0290&#31;reute
+r f BC-ROPAK-&lt;ROPK>-HAS-34-P   03-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROPAK &lt;ROPK> HAS 34 PCT OF BUCKHORN &lt;BKN></TITLE>
+<DATELINE>    FULLERTON, Calif., March 2 - </DATELINE><BODY>Ropak Corp said it received
+and accepted about 456,968 common shares and 527,035 Series A
+convertible preferred shares of Buckhorn Inc at four dlrs and
+5.75 dlrs each respectively in response to its tender offer
+that expired Friday, and it now owns 34.4 pct of Buckhorn
+voting power.
+    The company had owned 63,000 common and 25,100 preferred
+shares before starting the hostile tender.  Ropak said it is
+borrowing the funds needed to buy the Buckhorn shares from its
+bank lender and will not need to use any funds that another
+bank had committed to provide under a margin loan.
+    Ropak said it waived minimum acceptance requirements to buy
+the shares and intends to evaluate a number of possible ways of
+completing an acquisition of Buckhorn.  It said it hopes that
+Buckhorn's board will reevaluate its position and enter into
+meaningful negotiations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12549" NEWID="367">
+<DATE> 2-MAR-1987 08:24:07.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0293&#31;reute
+r f AM-MACINTOSH   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLE COMPUTER &lt;AAPL> UPGRADES MACINTOSH LINE</TITLE>
+<AUTHOR>    By Dean Lokken</AUTHOR>
+<DATELINE>    SAN FRANCISCO, March 2 - </DATELINE><BODY>Apple Computer Inc today will
+announce the addition of two new machines to its profitable
+Macintosh line of personal computers, both aimed at the
+business market.
+    The Macintosh was first introduced in January 1984 and has
+been upgraded several times since then. Both of the new
+machines, the Macintosh SE and the Macintosh II, will be faster
+and more versatile, but considerably more expensive than
+earlier models.
+    The Mac SE (SE stands for "system expansion"), which Apple
+says will operate 15-20 pct faster than its current Mac Plus,
+goes on sale today. It carries a suggested retail price ranging
+from 2,899 to 3,699 dlrs depending on its features.
+    The Mac II, designed to run about four times faster than
+the Mac Plus, is to be ready for shipping in May and priced
+between 4,798 and 6,998 dlrs.
+    Mac Plus, which went on the market one year ago, sells for
+about 2,200 dlrs.
+    Both new computers are to be unveiled at the AppleWorld
+Conference in Los Angeles.
+    Company officials expressed high hopes for both computers
+at a press briefing on Friday, especially the high-performance
+Mac II which is designed to give Apple an entree to the
+expanding market for science and engineering workstations.
+    John Sculley, Apple chairman and chief executive officer,
+declined to estimate anticipated sales, but he said the Mac SE
+should contribute significantly to Apple's bottom line this
+year. He said it would appeal to the mainstream of PC users.
+    "I believe the Mac SE will be the product of choice for
+most people," he said. "My sense is that it will be a real
+power product for revenue."
+    Bruce Lupatkin, senior technology analyst with Hambrecht &amp;
+Quist in San Francisco, said he had not seen the new computers
+but expected the new products to do well.
+    "Apple has recognized the need for a convergence of
+computer functions into one general all-purpose workstation,"
+he told Reuters. "The graphics interface on the Mac products is
+significantly better than anything IBM has to date."
+    International Business Machines is expected to announce
+updated personal computers this spring.
+    The Mac II uses the new Motorola 68020 microprocessor, an
+"open architecture" that allows for the addition of numerous
+peripheral devices, a built-in hard disk and one megabyte of
+memory, expandable to eight megabytes. It can be equipped with
+a 12-inch monochrome or a 13-inch color monitor.
+    In a demonstration of its speed and power, company
+executives said they thought the Mac II would push the
+development of software for Apple computers in new directions
+that could include sophisticated video editing, electronic mail
+systems and sound reproduction suitable for studio use.
+    The Mac II can be upgraded so that its monitor displays 256
+colors or shades of gray.
+    The Mac SE is built around the 68000 microprocessor and
+will be shipped with one megabyte RAM, expandable to four
+megabytes, and a nine-inch monochrome screen.
+    Both new computers have two optional keyboards, a new
+feature in the Apple line of products.          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12550" NEWID="368">
+<DATE> 2-MAR-1987 08:25:42.14</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f0300&#31;reute
+u f BC-PHILADELPHIA-PORT-CLO   03-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA PORT CLOSED BY TANKER CRASH</TITLE>
+<DATELINE>    PHILADELPHIA, March 2 - </DATELINE><BODY>The port of Philadelphia was closed
+when a Cypriot oil tanker, Seapride II, ran aground after
+hitting a 200-foot tower supporting power lines across the
+river, a Coast Guard spokesman said.
+    He said there was no oil spill but the ship is lodged on
+rocks opposite the Hope Creek nuclear power plant in New
+Jersey.
+    He said the port would be closed until today when they
+hoped to refloat the ship on the high tide.
+    After delivering oil to a refinery in Paulsboro, New
+Jersey, the ship apparently lost its steering and hit the power
+transmission line carrying power from the nuclear plant to the
+state of Delaware.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12551" NEWID="369">
+<DATE> 2-MAR-1987 08:25:56.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0301&#31;reute
+r f BC-PENRIL-&lt;PNL>-SEEKS-TO   03-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENRIL &lt;PNL> SEEKS TO SELL TWO UNITS</TITLE>
+<DATELINE>    ROCKVILLE, Md., March 2 - </DATELINE><BODY>Penril Corp said it is seeking to
+sell its Triplett Electrical Instrument Corp subsidiary in
+Bluffton, Ohio, and Triplett's Alltest division in Hoffman
+Estates, Ill., as part of a plan to concentrate on its three
+profitable division and reduce its debt load.
+    The company also said it is evaluating a plan to satisfy
+its obligations under its 10-7/8 pct subordinated notes but
+gave no details.  Interest on the notes is due today.
+    Penril further said director Clifford L. Alexander Jr. has
+resigned from the board.  It gave no reason.
+    Penril said shareholders at the annual meeting approved the
+limitation of directors' liability.   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12552" NEWID="370">
+<DATE> 2-MAR-1987 08:26:22.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0304&#31;reute
+r f BC-LL/E-ROYALTY-&lt;LRT>-RE   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LL/E ROYALTY &lt;LRT> REVENUES MAY BE ESCROWED</TITLE>
+<DATELINE>    HOUSTON, March 2 - </DATELINE><BODY>LL and E Royalty Trust said Louisiana
+Land and Exploration Co &lt;LLX>, the working interest owner for
+its oil and natural gas properties, is entitled to start
+placing all or part of the revenues that would otherwise accrue
+to the trust.
+    LL and E said Louisiana Land has not yet escrowed any
+amounts and will monitor the siutuation to determine the
+necessity of doing so.  The trust said "If the working interest
+owner does begin to escrow funds, the effect on the royalties
+paid to the trust would be significant."  Royalties from the
+properties are the trust's only source of income.
+    The trust said independent petroleum engineers' preliminary
+annual estimates of future net revenues and the discounted
+present value of future net revenues from proved oil and
+natural gas reserves attributable to properties in which the
+trust has an interest are off 64 pct and 56 pct respectively
+from those estimated in 1986 due to the drop in oil and natural
+gas prices.
+    It said, however, that oil and natural gas reserves have
+actually increased in physical amount.  The cost estimates
+reflect prices and costs only through September 30.
+    The trust said using the September figures, the engineers
+determined estimated future net revenues to the trust from
+total proved reserves of about 57 mln dlrs.  Usingprices
+received in January 1987, however, it said the estimate would
+have been about 87 mln dlrs.  LL and E noted that there has
+been some weakening in prices since January.
+    The trust said the most significant portion of the drop in
+estimated future revenues cale from the Jay Field in Alabama
+and Florida, a fall to seven mln dlrs from 92 mln dlrs in 1986,
+as prices recieved from Jay in September were near production
+costs after expenses of nitrogen injection.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12553" NEWID="371">
+<DATE> 2-MAR-1987 08:26:35.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0305&#31;reute
+d f BC-&lt;DALE-BURDETT-INC>-FA   03-02 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DALE BURDETT INC> FACES DAMAGE CLAIM</TITLE>
+<DATELINE>    WESTMINSTER, Calif., March 2 - </DATELINE><BODY>Dale Burdett Inc said it
+faces damages claims totalling about 420,000 dlrs from the
+former owners of Burdett Publications Inc.
+    The company said on February 20, 1986, its predecessor
+Nolex Development Inc acquired Burdett Publications Inc in an
+exchange of 17 mln common shares for all Burdett Publications
+shares, but the transaction was not qualified with the
+California Department of Corporations.
+    As a result, it said, the former Burdett Publications
+owners have a claim for damages against Dale Burdett as
+successor to Nolex for one yuear starting January 21, 1987,
+with the damages measured by the difference in values of shares
+exchanged plus interest from February 20, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12554" NEWID="372">
+<DATE> 2-MAR-1987 08:29:05.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0315&#31;reute
+u f PM-PUROLATOR   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUROLATOR &lt;PCC> IN BUYOUT WITH HUTTON &lt;EFH></TITLE>
+<AUTHOR>    By Patti Domm</AUTHOR>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>New Jersey-based overnight messenger
+Purolator Courier Corp said it has agreed to be acquired for
+about 265 mln dlrs by a company formed by E.F. Hutton LBO Inc
+and certain managers of Purolator's U.S. courier business.
+    Analysts have said that Purolator has been for sale for
+some time. Purolator announced earlier it was mulling a
+takeover bid, but analysts wrongly predicted the offer was from
+another courier company.
+    Hutton LBO, a wholly owned subsidiary of E.F. Hutton Group
+Inc, will be majority owner of the company.
+    Hutton said the acquiring company, PC Acquisition Inc, is
+paying 35 dlrs cash per share for 83 pct of Purolator's stock
+in a tender offer to begin Thursday. The rest of the shares
+will be purchased for securities and warrants to buy stock in a
+subsidiary of PC Acquisition, containing Purolator's U.S.
+courier operations.
+    If all the shares of Purolator are tendered, shareholders
+would receive for each share 29 dlrs cash, six dlrs in
+debentures, and a warrant to buy shares in a subsidiary of PC
+Acquisition containing the U.S. courier operations.
+    Hutton said in the merger shareholders would get 46 mln
+dlrs aggregate amount of guaranteed debentures due 2002 of PC
+Acquisition and warrants to buy 15 pct of the common stock of
+the PC courier subsidiary. Hutton said the company has valued
+the warrants at two to three dlrs per share.
+    Purolator's stock price closed at 35.125 dlrs on Friday.
+While some analysts estimated the company was worth in the mid
+30s, at least one said it would be worth 38 to 42 dlrs.
+    This follows sales of two other Purolator units. It agreed
+recently to sell its Canadian Courier unit to Onex Capital for
+170 mln dlrs, and previously sold its auto filters business.
+    Purolator retains its Stant division, which makes closure
+caps for radiators and gas tanks. A Hutton spokesman said the
+firm is reviewing its options on Stant.
+    Purolator's courier business has been lagging that of its
+U.S. rivals because of the high price it paid in the past
+several years to add air delivery to its ground fleet.
+    E.F. Hutton will provide 279 mln dlrs of its funds to
+complete the transaction. This so-called "bridge" financing
+will be replaced later with long-term debt most likely in the
+form of bank loans, Hutton said. Hutton LBO is committed to
+keeping the courier business, its president Warren Idsal said.
+    "Purolator lost 120 mln dlrs over the last two years
+largely due to U.S. courier operations, which we believe the
+management is turning around. We belive it will be a very
+serious competitor in the future," said Idsal.
+    William Taggart, chief executive officer of U.S. Courier
+division, will be chief executive officer of the new company.
+    The tender offer will be conditioned on a minimum of two
+thirds of the common stock being tendered and not withdrawn to
+the expiration of the offer as well as certain other conditions.
+    The offer will begin Thursday, subject to clearances from
+the staff of the Interstate Commerce Commission and will expire
+20 business days after commencement unless extended.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12555" NEWID="373">
+<DATE> 2-MAR-1987 08:38:57.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0353&#31;reute
+d f BC-NCR-&lt;NCR>-SIGNS-LICEN   03-02 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NCR &lt;NCR> SIGNS LICENSE AGREEMENT</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>&lt;Willemijn Holding BV> of Rotterdam
+said it has licensed NCR Corp to produce and sell products and
+services using token ring technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12556" NEWID="374">
+<DATE> 2-MAR-1987 08:40:10.61</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0354&#31;reute
+u f BC-PAKISTAN-COTTON-OUTPU   03-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN COTTON OUTPUT REACHES 7.7 MLN BALES</TITLE>
+<DATELINE>    KARACHI, March 2 - </DATELINE><BODY>Pakistan cotton production during the
+current crop season (Sept/March) reached 7.7 mln bales of 375
+pounds each, up 500,000 from last season, Shafi Niaz, Chairman
+of the Agricultural Prices Commission, said.
+    Official sources said Pakistan was likely to use 3.4 mln
+bales of cotton during the current financial year ending June
+after 2.96 mln in 1985/86 and 2.70 mln in 1984/85.
+    They said consumption would increase due to a rise in
+demand for cotton yarn in domestic markets and abroad. Pakistan
+produced 540 mln kilos of yarn in fiscal year 1985/86 and
+exported 157 mln.
+    The State-owned cotton export corporation was likely to
+export 3.8 mln bales of cotton during the current fiscal year
+compared with 3.86 mln last year, cotton traders said.
+    The traders said there would be 1.3 mln bales of cotton
+carryover this fiscal year compared with just over a mln bales
+last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12557" NEWID="375">
+<DATE> 2-MAR-1987 08:40:58.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0357&#31;reute
+r f BC-IMPERIAL-CHEMICAL-&lt;IM   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMPERIAL CHEMICAL &lt;IMP> FORMS NEW UNIT</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Imperial Chemical Industries PLC said
+it is forming a new U.S. pharmaceuticals unit called ICI
+Pharma.
+    Combined sales of Imperial's existing Stuart
+Pharmaceuticals unit and the new ICI Pharma are projected to be
+1.1 billion dlrs in 1990, the company said.  Stuart had 1986
+sales of 582 mln dlrs.
+    Imperial said it plans to introduce several new drugs,
+including diprivan, an anaesthetic, and zestril, a heart drug,
+over the next three years. ICI Pharma and Stuart will operate
+as separate units of ICI Pharmaceuticals Group, it said.
+    Stuart Pharmaceuticals and ICI Pharma will have 1987 sales
+of approximately 700 mln dlrs, about 450 mln dlrs from the new
+ICI Pharma and 250 mln dlrs from Stuart, officials said.
+    The combined sales force of about 900 sales people, split
+about equally between the two units, will be slightly larger
+than the existing sales force at Stuart.
+    Regulatory approval for the annesthetic diprivan is
+expected in late 1987, while zestril, a hypertension and heart
+drug, should be approved in mid or late 1988, company officials
+said.
+    Approval for oth new drugs, including, statil, a treatment
+for diabetic complications, is not expected until 1989 and
+1990, the officials said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12558" NEWID="376">
+<DATE> 2-MAR-1987 08:41:41.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0358&#31;reute
+r f BC-FINANCIAL-SANTA-BARBA   03-02 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL SANTA BARBARA &lt;FSB> TO MAKE PURCHASE</TITLE>
+<DATELINE>    SANTA BARBARA, Calif., March 2 - </DATELINE><BODY>Financial Corp of Santa
+Barbara said it has signed a definitive agreement to purchase
+Stanwell Financial, the lending operations unit of mortgage
+banking company &lt;Stanwell Mortgage>, for undisclosed terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12559" NEWID="377">
+<DATE> 2-MAR-1987 08:42:00.68</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>west-germany</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F C M
+&#22;&#22;&#1;f0360&#31;reute
+u f BC-ALCAN-TO-CLOSE-WEST-G   03-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN TO CLOSE WEST GERMAN ALUMINIUM SMELTER</TITLE>
+<DATELINE>    ESCHBORN, West Germany, March 2 - </DATELINE><BODY>&lt;Alcan Aluminiumwerke
+GmbH>, a subsidiary of Alcan Aluminium Ltd &lt;AL.N> of Canada,
+said it plans to close its aluminium smelter in Ludwigshafen at
+the end of June.
+    A spokesman said Alcan was closing the smelter, with annual
+capacity of 44,000 tonnes and 320 employees, because of high
+electricity costs and the low world market price of aluminium.
+    Alkan had said earlier this year it would close half the
+plant's capacity but decided to shut down completely when talks
+with potential cooperation partners failed, the spokesman said.
+He declined to name the other companies involved in the talks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12560" NEWID="378">
+<DATE> 2-MAR-1987 08:43:02.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0361&#31;reute
+d f BC-BBC-AG-BROWN-BOVERI-U   03-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BBC AG BROWN BOVERI UND CIE &lt;BBCZ.Z> 1986 YEAR</TITLE>
+<DATELINE>    BADEN, Switzerland, March 2 -
+    </DATELINE><BODY>Parent Company net profit 12.8 mln Swiss francs vs 7.5 mln.
+    Orders received 2.21 billion francs vs 2.61 billion.
+    Sales 2.25 billion francs vs 2.49 billion.
+    Group sales 13.83 billion francs vs 13.88 billion.
+    Group orders 11.03 billion francs vs 13.00 billion.
+ REUTE
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12561" NEWID="379">
+<DATE> 2-MAR-1987 08:43:25.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0362&#31;reute
+d f BC-MARRIOTT-&lt;MHS>-TO-SEL   03-02 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARRIOTT &lt;MHS> TO SELL HOTEL</TITLE>
+<DATELINE>    TORONTO, March 2 - </DATELINE><BODY>&lt;Four Seasons Hotels> said it and &lt;VMS
+Realty Partners> of Chicago have agreed to purchase the Santa
+Barbara Biltmore Hotel from Marriott Corp for an undisclosed
+amount.
+    It said the venture will rename the hotel the Four Seasons
+Biltmore at Santa Barbara and invest over 13 mln dlrs in
+improvements on the 228-room property.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12562" NEWID="380">
+<DATE> 2-MAR-1987 08:43:41.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0363&#31;reute
+r f BC-DH-TECHNOLOGY-&lt;DHTK>   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DH TECHNOLOGY &lt;DHTK> CHAIRMAN SELLS SHARES</TITLE>
+<DATELINE>    SAN DIEGO, March 2 - </DATELINE><BODY>DH Technology Inc said it has
+repurchased 500,000 of its shares from cofounder Helmut Falk at
+4.25 dlrs each and Falks has sold another 500,000 shares to
+venture capital firm TA Associates at the same price.
+    The company said Falk has resigned as chairman of DHL and
+now owns 213,567 shares.  It said TA now owns 928,0000 shares.
+    The company said Falk, who will remain on the board, has
+agreed to sell no more than 75,000 of his remaining shares in
+the next year without company consent.  It said president and
+chief executive officer William H. Gibb has assumed the added
+post of chairman.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12563" NEWID="381">
+<DATE> 2-MAR-1987 08:43:56.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0364&#31;reute
+d f BC-BROWN-BOVERI-OMITS-DI   03-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN BOVERI OMITS DIVIDEND, PLANS WARRANT BOND</TITLE>
+<DATELINE>    BADEN, Switzerland, March 2 - </DATELINE><BODY>BBC AG Brown Boveri und Cie
+&lt;BBCZ.Z> said it will omit dividend in 1986 for the second
+consecutive year.
+    It said it planned to invite shareholders and non-voting
+stockholders to subscribe to a warrant bond issue of around 150
+mln Swiss francs to be made after the June 2 annual meeting.
+    The value of the stock subscription rights should
+correspond roughly to the dividend of 30 francs per share paid
+in 1984. The company also plans to issue participation
+certificates with a par value of 70 mln Swiss francs, from
+which existing shareholders are excluded.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12565" NEWID="382">
+<DATE> 2-MAR-1987 08:47:06.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0375&#31;reute
+r f BC-U.S.-CORPORATE-FINANC   03-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORPORATE FINANCE - ASSET-BACK MARKET GROWS</TITLE>
+<AUTHOR>    By John Picinich, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>The U.S. asset-backed debt securities
+market, which grew explosively last year, is broadening and
+investment bankers say 1987 could see a variety of issuers.
+    "It is interesting to note that the first two asset-backed
+deals of the year were done by commercial banks," said Anthony
+Dub, who heads First Boston Corp's asset-backed group.
+    BankAmerica Corp's &lt;BAC> Bank of America unit last week
+issued 400 mln dlrs of securities backed by credit card
+receivables via sole manager First Boston. Dub said the
+offering sold out quickly, mostly to institutional investors.
+    The Bank of America offering followed a January 16 issue of
+200 mln dlrs of similar debt by RepublicBank Corp's &lt;RPT>
+RepublicBank Delaware unit. Goldman, Sachs and Co ran the books
+on that deal, with First Boston acting as co-manager.
+    However, Dub said the Bank of America securities were more
+closely related to the so-called "cars deals" that raced to
+market last year than were the RepublicBank securities.
+    "The RepublicBank issue was secured by credit card
+receivables. In contrast, the Bank of America deal was the
+first public offering of credit card receivables because we
+used a grantor trust vehicle," he said.
+    In a grantor trust, investors buy asset-backed certificates
+that represent a specified percentage of an undivided interest
+in the trust, analysts explained.
+    The Bank of America certificates were issued by California
+Credit Card Trust A, which the bank established for that single
+purpose, investment bankers pointed out.
+    The debt has an average life of 1.79 years and matures in
+1992. First Boston gave the issue a 6.90 pct coupon and priced
+it at 99.8125 to yield 6.95 pct, or 65 basis points over
+comparable Treasury securities. Non-callable for life, the deal
+was rated AAA by both Moody's and Standard and Poor's.
+    Underwriters away from the syndicate said they believed the
+Bank of America deal was priced too aggressively. "AAA-rated
+auto paper was trading about 75 basis points over Treasuries
+when First Boston priced the deal," one said.
+    However, Dub said the offering sold out quickly anyway.
+    The First Boston executive attributed this to the deal's
+top-flight rating by both agencies, unlike many of last year's
+cars deals, which were rated by S and P alone.
+    "Investors receive interest only payments for the first 18
+months and then interest and principal payments for the
+remaining five to seven months," Dub detailed.
+    Investment bankers pointed out that because the Bank of
+America deal did not pay principal for a year and a half, the
+issue had a longer average life than some of the cars deals
+that were brought to market late last year.
+    The collateral for the trust includes a pool of VISA credit
+card receivables, backed by a letter of credit. Bank of America
+has about four billion dlrs of credit card receivables, making
+it one of the biggest in the U.S., analysts said.
+    Last week's deal was Bank of America's second foray into
+the young asset-backed securities market, analysts noted.
+    In mid-December 1986 Bank of America sold, via California
+Cars Grantor Trust 1986-A, 514 mln dlrs of certificates backed
+by automobile receivables through Salomon Brothers Inc.
+    Upcoming asset-backed issues include 200 mln dlrs of notes
+backed by the car leases of Volvo 1986 Lease Finance Corp, a
+unit of Volvo Finance North America Inc, via First Boston, and
+450 mln dlrs of notes secured by sales contracts of Mack Trucks
+Receivables Corp, a unit of Mack Trucks Inc &lt;MACK>, via
+Shearson Lehmand Brothers Inc.
+    The asset backed market, which began in March 1985, totals
+an estimated 11.9 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12566" NEWID="383">
+<DATE> 2-MAR-1987 08:50:09.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0391&#31;reute
+f f BC-******VIACOM-SAID-IT   03-02 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VIACOM SAID IT HAS NEW NATIONAL AMUSEMENTS, MCV HOLDINGS BIDS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12567" NEWID="384">
+<DATE> 2-MAR-1987 08:55:29.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0396&#31;reute
+d f BC-ILC-TECHNOLOGY-&lt;ILCT>   03-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ILC TECHNOLOGY &lt;ILCT> OFFICER REMOVED</TITLE>
+<DATELINE>    SUNNYVALE, Calif., March 2 - </DATELINE><BODY>ILC Technology Inc said
+Raymond Montoya, vice president of finance, has been removed as
+an officer and terminated as an employee of the company, and
+ILC has filed a civil action against him to recover alleged
+improprer disbursements of company funds.
+    The company said Montoya has been arrested by police in
+Hawthorne, Calif., and charged with grand theft and
+embezzlement.
+    It said the extent of the disbursements has not yet been
+determined.  In independent auditor is helping assess the
+alleged irregularities, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12568" NEWID="385">
+<DATE> 2-MAR-1987 09:01:31.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0406&#31;reute
+u f BC-APPLE-COMPUTER-&lt;AAPL>   03-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLE COMPUTER &lt;AAPL> HAS NEW MACINTOSH MODELS</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Apple Computer Inc said it has
+introduced two new models of its Macintosh personal computer,
+the Macintosh II and SE, offering users the ability to flexibly
+configure systems to suit their needs or expand the systems as
+their needs grow.
+    Apple said the Macintosh II features high-performance, open
+architecture designed for advanced applications.
+    The Macintosh II, which is priced from 3,898 dlrs to 5,498
+dlrs, also has six internal printed circuit card slots for
+adding multiple functions, including an optional color display,
+network connections and MS-DOS compatibility, the company said.
+    Apple said the Macintosh SE, priced from 2,898 dlrs to
+3,698 dlrs, has internal storage capacity and an additional
+slot for added functions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12569" NEWID="386">
+<DATE> 2-MAR-1987 09:02:11.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>lebanon</D></PLACES>
+<PEOPLE><D>reagan</D><D>howard-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0407&#31;reute
+r f PM-REAGAN   03-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN AND BAKER BEGIN TASK OF REBUILDING</TITLE>
+<AUTHOR>    By Peter Szekely</AUTHOR>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>After a week that left his presidency
+shaken and his popularity at a new low, Ronald Reagan and his
+new chief of staff today begin trying to revive an
+administration tattered by the Iran-contra arms scandal.
+    Reagan and former Senate Republican leader Howard Baker,
+whose appointment as White House chief of staff won bipartisan
+praise, will begin mapping strategy to deal with scathing
+criticism by a report on his failed bid to trade U.S. arms with
+Iran for help in freeing Ameican hostages in Lebanon.
+    Among the chores facing Reagan's new inner circle is
+assessing the damage the 300-page Tower commission report has
+done to the nomination of Robert Gates to succeed William Casey
+as the new head of the Central Intelligence Agency.
+    White House officials are checking to see how much support
+Gates, a 43-year old career spy agency bureaucrat, would have
+if his nomination is submitted to the full Senate for a vote,
+Senate Republican leader Robert Dole said.
+    Appearing on the NBC News program, "Meet the Press," the
+Kansas senator said the Gates nomination "could be in some
+difficulty."
+    Aides said that Gates' future would be given high priority
+by Baker.
+    Even though he was not deeply implicated in the arms sale
+scandal, lawmakers said Senate confirmation of the Gates
+nomination is not assured and, even if won, would come only
+after months of congressional probes into the affair.
+    "He has the smell of Iran on him," said former Nevada Sen.
+and Reagan confidant Paul Laxalt. "He is a victim."
+    Laxalt, appearing on the ABC News program, "This Week With
+David Brinkley," bluntly admitted "the Gates nomination is in
+trouble." Senate Armed Services Committee Chairman Sam Nunn said
+the odds are now slightly against confirmation of Gates.
+    When asked on the syndicated television program, "John
+McLaughlin: One on One," if he thought Gates would be confirmed,
+the Georgia Democrat shot back: "I wouldn't bet any money on it.
+    "I think this report hurts that," Nunn said. "It indicates
+that the National Security Council had policy-type influence
+over intelligence-type activities and we're going to go into
+that with Mr. Gates.
+    Only a day after it was issued last week, the Tower report
+prompted the abrupt exit of Donald Regan as White House chief
+of staff.
+    Regan, the former Wall Street executive and Treasury
+secretary who has been the president's top aide for the past
+two years, was assigned the lion's share of the blame for the
+botched handling of the Iran arms sale.
+    The report blamed Regan for the "chaos that descended on the
+White House" since it was first revealed last November that
+profits from the Iran arms sales had been diverted to contra
+rebels fighting the leftist Nicaraguan government.
+    The two other victims of the scandal are former National
+Security Adviser Vice Adm. John Poindexter who resigned and
+Marine Lt. Col. Oliver North who was fired after it was
+disclosed last November 23 that profits from the Iran arms sale
+were diverted to the contras. The two, pictured by the Tower
+commission as the key operators of the Iran arms deal, have
+refused to testify.
+    Reagan, who freely admits disliking details, is portrayed
+in the Tower report as a befuddled chief executive whose
+inattention let his aides run away with his foreign policy.
+    That perception has wrecked Reagan's popularity and
+threatened to condemn him to lame duck status until he leaves
+office in January 1989. A recent Newsweek magazine poll found
+that just 40 pct of Americans approved of Reagan's leadership,
+a record low, and a third believed he should consider
+resignation.
+    After meeting with aides over the weekend and poring over
+the meaty report of the commission headed by former Texas Sen.
+John Tower, Reagan is now preparing for a nationwide television
+address this week to respond to the criticisms of his
+presidency.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12570" NEWID="387">
+<DATE> 2-MAR-1987 09:02:51.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0411&#31;reute
+u f BC-LAROCHE-STARTS-BID-FO   03-02 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAROCHE STARTS BID FOR NECO &lt;NPT> SHARES</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Investor David F. La Roche of North
+Kingstown, R.I., said he is offering to purchase 170,000 common
+shares of NECO Enterprises Inc at 26 dlrs each.
+    He said the successful completion of the offer, plus shares
+he already owns, would give him 50.5 pct of NECO's 962,016
+common shares.
+    La Roche said he may buy more, and possible all NECO
+shares. He said the offer and withdrawal rights will expire at
+1630 EST/2130 gmt, March 30, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12571" NEWID="388">
+<DATE> 2-MAR-1987 09:03:08.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0413&#31;reute
+r f BC-sdc-sydney-developm't   03-02 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SDC SYDNEY DEVELOPMENT CORP> NINE MTHS LOSS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 2 -
+    </DATELINE><BODY>Period ended December 31, 1986
+    Oper shr loss 1.08 dlrs vs loss 84 cts
+    Oper loss 7,700,000 vs loss 1,700,000
+    Revs 11,800,000 vs 9,800,000
+    Note: Current shr and net exclude extraordinary gain of
+300,000 dlrs or five cts shr, versus extraordinary gain of
+200,000 dlrs or four cts shr
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12572" NEWID="389">
+<DATE> 2-MAR-1987 09:03:18.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0414&#31;reute
+d f BC-SENIOR-ENGINEERING-MA   03-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENIOR ENGINEERING MAKES 12.5 MLN DLR US PURCHASE</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>&lt;Senior Engineering Group Plc> said it
+reached agreement with &lt;Cronus Industries Inc> to acquire the
+whole share capital of &lt;South Western Engineering Co> for 12.5
+mln dlrs cash. This sum is being financed by a term loan.
+    South Western is one of the U.S.'s leading manufacturers of
+heat transfer equipment, with a turnover of 54.86 mln dlrs and
+pre-tax profits of 1.72 mln in 1986.
+    Completion of the deal is conditional on approval under
+U.S. Hart-Scott-Rodino regulations which is expected within 30
+days. Some 350,000 dlrs is payable immediately, 12 mln dlrs
+payable on completion with the balance due by June 30, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12573" NEWID="390">
+<DATE> 2-MAR-1987 09:03:35.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0416&#31;reute
+d f BC-CHEUNG-KONG-CHAIRMAN   03-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEUNG KONG CHAIRMAN SEES STRONG RESULTS IN 1987</TITLE>
+<DATELINE>    HONG KONG, March 2 - </DATELINE><BODY>Cheung Kong (Holdings) Ltd &lt;CKGH.HK>
+is expecting strong results this year after reporting better
+than expected profits in 1986, chairman Li Ka-shing said.
+    He did not give a specific earnings projection but he told
+reporters the firm will pay total dividends of not less than 19
+cents a share this year after a one-for-four bonus issue and a
+four-for-one stock split.
+    The company earlier declared total dividends equal to 15
+cents a share for 1986, adjusting for the stock split and bonus
+issue.
+    Cheung Kong's earnings rose to 1.28 billion H.K. Dlrs in
+1986, well above market expectations of 920 mln to one billion
+dlrs. They compared with profits of 551.7 mln dlrs in 1985.
+    Cheung Kong also reported extraordinary gains of 983.6 mln
+dlrs mainly from the firm's sale of the Hong Kong Hilton Hotel
+to Hongkong Electric Holdings Ltd &lt;HKEH.HK> for one billion
+dlrs. It had gains of 81.3 mln dlrs in 1985.
+    Li attributed the surge in 1986 earnings to a buoyant local
+property market and substantial increases in contributions from
+associated companies.
+    "Looking ahead, 1987 should be another year of stability for
+the property market," Li said. "The growth in (Hong Kong's)
+exports is expected to stimulate the demand for industrial
+buildings."
+    Cheung Kong is cash rich and is looking for new projects in
+the British colony, Li said, noting the firm is interested in a
+land reclamation project along the Hong Kong harbour and is
+exchanging views with the government on a proposal to build a
+second airport.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12574" NEWID="391">
+<DATE> 2-MAR-1987 09:04:40.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0422&#31;reute
+r f BC-OCCIDENTAL-&lt;OXY>-UNIT   03-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> UNIT TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Occidental Petroleum Corp said its
+MidCon Corp subsidiary will redeem on March 31 all 269,000 dlrs
+of its outstanding 10-1/4 pct convertible subordinated
+debentures due 2009 at 107.18 pct of par.
+    It said interest payable March 31 will be paid in the usual
+manner to holders of record on March 15.  The debentures
+convert to common stock at 14.168319 dlrs per share, or 70.58
+shares per 1,000 dlrs principal amount, through March 31.
+Holders converting through March 17 will be entitled to receive
+Occidental's regular quarterly dividend of 62-1/2 cts per share
+on common stock that is payable April 15.
+    The company said any holders surrendering debentures for
+conversion after March 15, other than those surrendering for
+conversion on March 31, will be required to pay to the
+conversion agent an amount equal to the interest paytable on
+the debentures on March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12575" NEWID="392">
+<DATE> 2-MAR-1987 09:15:11.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0446&#31;reute
+f f BC-******WHITTAKER-CORP   03-02 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITTAKER CORP 1ST QTR OPER SHR 17 CTS VS 25 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12576" NEWID="393">
+<DATE> 2-MAR-1987 09:16:08.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0448&#31;reute
+b f BC-/VIACOM-&lt;VIA>-RECEIVE   03-02 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIACOM &lt;VIA> RECEIVES TWO REVISED OFFERS</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Viacom International Inc said it
+received revised merger offers from &lt;National Amusements Inc>
+and &lt;MCV Holdings Inc>.
+    The company said the special committee plans to meet later
+today to review both offers.
+    Viacom said National Amusements' Arsenal Holdings Inc
+raised the value of its offer for the Viacom shares not held by
+National Amusements in three areas. National Amusements holds
+19.6 pct of Viacom's stock.
+    The cash value of the offer was raised to 42.00 dlrs from
+the 40.50 dlrs a Viacom share offered February 23 while the
+value of the fraction of a share of exchangeable preferred
+being offered was increased to 7.50 dlrs a share from six dlrs.
+The interest rate to be used to increase the cash value of the
+merger, if delayed beyond April 30, was raised to nine pct from
+eight pct and 12 pct after May 31.
+    A Viacom spokesman said the Arsenal Holdings's offer
+continues to include a 20 pct interest in Arsenal for present
+Viacom shareholders.
+    Viacom said MCV Holdings, a group which includes the
+company's senior management and the Equitable Life Assurance
+Society of the United States, raised the value of its offer by
+increasing the value of the preferred being offered to 8.50
+dlrs from 8.00 dlrs a share and raising the ownership in the
+new company to be held by present Viacom shareholders to 45 pct
+from 25 pct. MCV called its previous offer, made February 26,
+the "final" proposed revision of its agreement with Viacom.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12577" NEWID="394">
+<DATE> 2-MAR-1987 09:19:07.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0464&#31;reute
+r f BC-DOW-&lt;DOW>-TO-OFFER-13   03-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW &lt;DOW> TO OFFER 130 MLN DLRS IN SWISS NOTES</TITLE>
+<DATELINE>    MIDLAND, MICH., Mar 2 - </DATELINE><BODY>Dow Chemical Co said it will issue
+200 mln Swiss franc-denominated bonds worth about 130 mln dlrs
+U.S. at current exchange rates.
+    The 12-year bonds will carry a coupon of 4-3/4 pct and will
+be sold primarily to European investors for 100.25 pct of face
+value, Dow said.
+    Proceeds from the offering will be used to refinance
+existing debt, it said.
+    Underwriters are led by Union Bank of Switzerland.  The
+bonds will be listed on stock exchanges in Basle, Berne,
+Geneva, Lausanne and Zurich.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12578" NEWID="395">
+<DATE> 2-MAR-1987 09:19:23.20</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>barley</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0465&#31;reute
+u f BC-FRENCH-ESTIMATED-86/8   03-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH ESTIMATE 86/87 WHEAT DELIVERIES UNCHANGED</TITLE>
+<DATELINE>    PARIS, March 2 - </DATELINE><BODY>The French Cereals Intervention Board,
+ONIC, left its estimate of French 1986/87 (July/June) soft
+wheat deliveries unchanged from its last forecast at 21.98 mln
+tonnes.
+    This compared with deliveries of 24.38 mln tonnes in
+1985/86 (August/July).
+    Estimated 1986/87 maize deliveries were also left unchanged
+from ONIC's previous forecast at the beginning of February at
+9.91 mln tonnes against 10.77 mln the previous season.
+    Barley deliveries were also unchanged at 6.62 mln tonnes
+against 7.7 mln in 1985/86.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12579" NEWID="396">
+<DATE> 2-MAR-1987 09:20:19.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0467&#31;reute
+b f BC-******WASTE-MANAGEMEN   03-02 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WASTE MANAGEMENT CORP VOTES TWO FOR ONE STOCK SPLIT AND BOOSTS QTLY DIVIDEND TO 18 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12580" NEWID="397">
+<DATE> 2-MAR-1987 09:21:31.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0469&#31;reute
+u f BC-WRITERS-GUILD-OF-AMER   03-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WRITERS GUILD OF AMERICA STRIKES TWO NETWORKS</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>The Writers Guild of America said its
+members have struck the news staffs of CBS Inc &lt;CBS> and
+Capital Cities/ABC Inc &lt;CCB> this morning after negotiations
+for a new contract broke down.
+    The guild said there had been extensions prior to the
+strike deadline this morning, but said the strike was called
+after the companies refused to negotiate.
+    The guild said the companies failed to put a final offer on
+the table, made no money offer at all, and did not deviate
+substantially from their original proposals, which, the guild
+said, would have gutted the union contract.
+    The guild said the networks demanded the right to terminate
+employees at will and lay them off without the  arbitration,
+and the hiring of temporary employees to replace staffer
+employees.
+    The guild represents newswriters, editors, desk assistants,
+researchers, production assistants, promotion writers and
+graphic artists.
+    The strike affects unions in New York, Chicago, Washington
+and Los Angeles. Picketing will commence at corporate
+headquarters in New York and other locations, the guild said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12581" NEWID="398">
+<DATE> 2-MAR-1987 09:24:13.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0473&#31;reute
+b f BC-******PITTSTON-AGREES   03-02 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PITTSTON AGREES TO ACQUIRE WTC INTERNATIONAL IN EXCHANGE OF STOCK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12582" NEWID="399">
+<DATE> 2-MAR-1987 09:24:34.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0475&#31;reute
+r f BC-TUESDAY-MORNING-INC-&lt;   03-02 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TUESDAY MORNING INC &lt;TUES> 4TH QTR NET</TITLE>
+<DATELINE>    DALLAS, March 2 -
+    </DATELINE><BODY>Shr 1.19 dlrs vs 1.46 dlrs
+    Net 3,150,185 vs 2,665,284
+    Revs 27.9 mln vs 24.1 mln
+    Avg shrs 2,653,646 vs 1,826,858
+    Year
+    Shr 1.45 dlrs vs 1.37 dlrs
+    Net 3,611,802 vs 2,502,443
+    Sales 62.2 mln vs 52.8 mln
+    Avg shrs 2,489,978 vs 1,826,858
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12583" NEWID="400">
+<DATE> 2-MAR-1987 09:25:42.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0478&#31;reute
+b f BC-******DIAGNOSTIC/RETR   03-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DIAGNOSTIC/RETRIEVAL SYSTEMS INC MAKES 53 MLN DLR BID FOR ROSPATCH CORP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12584" NEWID="401">
+<DATE> 2-MAR-1987 09:28:21.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0482&#31;reute
+u f BC-MILLER-TABAK-HAS-91.8   03-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILLER TABAK HAS 91.8 PCT OF PENN TRAFFIC &lt;PNF></TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>&lt;Miller Tabak Hirsch and Co> said it
+has received an accepted 3,424,729 common shares of Penn
+Traffic Co in response to its 31.60 dlr per share tender offer
+that expired Friday, and together with the 380,728 shares it
+already owned, it now has about 91.8 pct of Penn Traffic.
+    The company said Penn Traffic is expected to hold a special
+shareholders' meeting later this month to approve a merger into
+Miller Tabak at the tender price.
+    It said two Miller Tabak representatives will be named to
+the Penn Traffic board on March Four to serve as the only
+directors with Penn Traffic president and chief executive
+officer Guido Malacarne.
+    The company said it received financing for the transaction
+from First National Bank of Minneapolis and Salomon Inc &lt;SB>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12585" NEWID="402">
+<DATE> 2-MAR-1987 09:28:48.30</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0483&#31;reute
+b f BC-COFFEE-QUOTA-TALKS-CO   03-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE QUOTA TALKS CONTINUE BUT NO AGREEMENT YET</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Coffee quota talks at the International
+Coffee Organization council meeting here continued this
+afternoon, but producers and consumers still had not reached
+common ground on the key issue of how to estimate export
+quotas, delegates said.
+    The 54 member contact group was examining a Colombian
+proposal to resume quotas April 1 under the ad hoc system used
+historically, with a pledge to meet again in September to
+discuss how quotas would be worked out in the future, they
+said.
+    Delegates would not speculate on the prospects for
+agreement at this time.
+    "Anything could happen," one delegate said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12586" NEWID="403">
+<DATE> 2-MAR-1987 09:28:54.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM
+&#22;&#22;&#1;f0484&#31;reute
+r f BC-federal-industries   03-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL INDUSTRIES SETS COMMERCIAL PAPER ISSUE</TITLE>
+<DATELINE>    WINNIPEG, Manitoba, March 2 - </DATELINE><BODY>&lt;Federal Industries Ltd> said
+it introduced a commercial paper program with an authorization
+of 440 mln dlrs through agents &lt;Bank of Montreal>, &lt;Dominion
+Securities Inc> and Wood Gundy Inc.
+    Net proceeds from the sale of notes will be used for
+general corporate purposes and will replace existing
+outstanding debt, the company said.
+    It did not elaborate on financial terms of the issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12587" NEWID="404">
+<DATE> 2-MAR-1987 09:31:07.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0489&#31;reute
+r f BC-WASTE-MANAGEMENT-&lt;WMX   03-02 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASTE MANAGEMENT &lt;WMX> VOTES SPLIT, UPS PAYOUT</TITLE>
+<DATELINE>    OAK BROOK, ILL., Mar 2 - </DATELINE><BODY>Waste Management Corp said its
+board voted a two-for-one stock split payable April 21, record
+March 30.
+    In other action, Waste Management directors approved an
+increase in the quarterly dividend to 18 cts from 14 cts,
+payable April three, record March 18.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12588" NEWID="405">
+<DATE> 2-MAR-1987 09:31:27.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0490&#31;reute
+u f BC-POREX-TECHNOLOGIES-&lt;P   03-02 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POREX TECHNOLOGIES &lt;PORX> SETS INITIAL DIVIDEND</TITLE>
+<DATELINE>    FAIR LAWN, N.J., March 2 - </DATELINE><BODY>Porex Technologies Corp said its
+board declared an initial annual dividend of 10 cts per share,
+its first payout, payable March 26 to holders of record March
+12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12589" NEWID="406">
+<DATE> 2-MAR-1987 09:31:36.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0491&#31;reute
+u f BC-DAVIS-WATER-&lt;DWWS>-DE   03-02 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAVIS WATER &lt;DWWS> DECLARES STOCK DIVIDEND</TITLE>
+<DATELINE>    THOMASVILLE, Ga., March 2 - </DATELINE><BODY>Davis Water and Waste
+Industries Inc said its board declared a 33-1/3 pct stock
+dividend, payable March 23 to holders of record March 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12590" NEWID="407">
+<DATE> 2-MAR-1987 09:31:58.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0492&#31;reute
+u f BC-MEDCO-CONTAINMENT-&lt;MC   03-02 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDCO CONTAINMENT &lt;MCCS> SETS INITIAL PAYOUT</TITLE>
+<DATELINE>    ELMWOOD PARK, N.J., March 2 - </DATELINE><BODY>Medco Containment Services
+Inc said its board declared an initial annual dividend of 10
+cts per share, its first payout, payable March 19 to holders of
+record March 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12591" NEWID="408">
+<DATE> 2-MAR-1987 09:33:32.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0501&#31;reute
+u f BC-PITTSTON-&lt;PCO>-AGREES   03-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PITTSTON &lt;PCO> AGREES TO ACQUIRE WTC &lt;WAF></TITLE>
+<DATELINE>    STAMFORD, Conn., March 2 - </DATELINE><BODY>Pittston Co said it has
+tentatively agreed to acquire WTC International N.V. in a
+tax-free exchange of stock.
+    Pittston said it agreed to exchange 0.523 common share for
+each of the about 8,612,000 WTC common shares outstanding.
+    Pittston said WTC's three principal shareholders, who own
+62 pct of its stock, are parties to this agreement. They have
+granted Pittston the right of first refusal to their shares.
+    WTC has granted Pittston an option to buy WTC shares equal
+to 18.5 poct of its outstanding stock. The agreement is subject
+to approval of both boards and WTC shareholders.
+    Pittston said described WTC as a fast growing air freight
+forwarding company with operations throughout the world. Its
+revenues totaled nearly 200 mln dlrs in the year ended November
+30 and for the quarter ended on that date it earned 1.3 mln
+dlrs on revenues of 55.8 mln dlrs.
+    Pittston said its Burlington Air Express subsidiary
+generates about two-thirds of its 450 mln dlrs in annual
+revenes with its domestic air freight services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12592" NEWID="409">
+<DATE> 2-MAR-1987 09:34:10.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0505&#31;reute
+r f BC-sdc-sydney-reviewing   03-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SDC SYDNEY COST REVIEW MAY ELIMINATE PRODUCTS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 2 - </DATELINE><BODY>&lt;SDC Sydney
+Development Corp>, earlier reporting an increased nine month
+operating loss, said a cost control review now underway may
+result in cost reduction and elimination of unprofitable and
+non-strategic products and services.
+    The company's operating loss for the nine months ended
+December 31, 1986 increased to 7.7 mln dlrs from a loss of 1.7
+mln dlrs in the prior year, it said earlier.
+    Revenues increased by 20 pct to 11.8 mln dlrs from
+year-earlier 9.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12593" NEWID="410">
+<DATE> 2-MAR-1987 09:35:01.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0507&#31;reute
+r f BC-multi-step-products   03-02 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MULTI-STEP PRODUCTS INC> SIX MTHS DEC 31 LOSS</TITLE>
+<DATELINE>    TORONTO, March 2 -
+    </DATELINE><BODY>Shr loss 11 cts
+    Loss 739,146
+    Revs 11,754,251
+    Note: initial public listing December, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12594" NEWID="411">
+<DATE> 2-MAR-1987 09:35:41.47</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0509&#31;reute
+b f BC-U.K.-MONEY-MARKET-OFF   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET OFFERED BORROWING FACILTIES</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The Bank of England said it had offered
+borrowing facilities to those discount houses wishing to use
+them at 1430 GMT.
+    The Bank also said it provided the money market 456 mln stg
+assistance in the afternoon session bringing its total help so
+far today to 493 mln stg. This compares with its forecast of a
+shortage in the system today of around 700 mln stg.
+    The central bank purchased bank bills outright comprising
+41 mln stg in band one at 10-7/8 pct 361 mln stg in band two at
+10-13/16 pct and 54 mln stg in band three at 10-3/4 pct.
+    Money market dealers said the Bank of England has recently
+used the offer of borrowing facilities to signal that it does
+not want to see an early reduction in U.K. Base lending rates.
+    The Bank does this by lending to the discount houses at
+rates of interest higher than its prevailing money market
+dealing rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12595" NEWID="412">
+<DATE> 2-MAR-1987 09:36:05.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0511&#31;reute
+r f BC-ELECTRONIC-MAIL-&lt;EMCA   03-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRONIC MAIL &lt;EMCA> FINANCING ATTEMPT FAILS</TITLE>
+<DATELINE>    OLD GREENWICH, Conn., March 2 - </DATELINE><BODY>Electronic Mail Corp of
+America said its efforts to secure additional financing for
+expansion have fallen through.
+    The company said that there are no immediate prospects for
+financing through other sources, though efforts will continue.
+The company said operations wil continue while further efforts
+are made.
+    Negotiations with an undisclosed company had been onging
+for four months, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12596" NEWID="413">
+<DATE> 2-MAR-1987 09:36:46.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bangladesh</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0515&#31;reute
+d f BC-NETHERLANDS-GRANTS-47   03-02 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NETHERLANDS GRANTS 47 MLN DLRS TO BANGLADESH</TITLE>
+<DATELINE>    DHAKA, March 2 - </DATELINE><BODY>Bangladesh will receive a grant equivalent
+to 47 mln U.S. Dlrs from the Netherlands during 1987 under an
+agreement signed here Saturday, officials said.
+    This raised the amount of Dutch grants to Bangladesh to 759
+mln dlrs since 1972, used mainly for commodity imports and
+implementing development projects, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12597" NEWID="414">
+<DATE> 2-MAR-1987 09:37:12.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0516&#31;reute
+u f BC-QUEBEC'S-CAISSE-DES-J   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBEC'S CAISSE DES JARDINS ISSUES YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Caisse Centrale Desjardins du Quebec is
+issuing a 10 billion yen step-up eurobond maturing on March 25,
+1992 and priced at 101-3/4 pct, joint-bookrunner Warburg
+Securities said.
+    The issues pays a coupon of one pct in years one and two
+and then pays a coupon of 7-7/8 pct in years three, four and
+five. The selling concession is 1-1/4 pct while management and
+underwriting combined pays 5/8 pct.
+    The payment date is March 25 while the issue will be listed
+in Luxembourg. The borrower is the wholesale financing arm of a
+major group of credit unions in the Province of Quebec.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12598" NEWID="415">
+<DATE> 2-MAR-1987 09:38:05.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0519&#31;reute
+b f BC-DOW-CHEMICAL-LAUNCHES   03-02 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW CHEMICAL LAUNCHES 200 MLN SWISS FRANC BOND</TITLE>
+<DATELINE>    ZURICH, March 2 - </DATELINE><BODY>Dow Chemical Co has launched a 200 mln
+Swiss franc, 12-year bond with a 4-3/4 pct coupon priced at
+100-1/4 pct, lead manager Union Bank of Switzerland said.
+    The issue carries a call option from 1993 at 102 pct,
+declining thereafter by 1/2 percentage point per year.
+    Subscriptions close March 18 and payment date is April 2.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12599" NEWID="416">
+<DATE> 2-MAR-1987 09:38:13.72</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0520&#31;reute
+b f BC-SWISS-SIGHT-DEPOSITS   03-02 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS SIGHT DEPOSITS RISE 3.10 BILLION FRANCS</TITLE>
+<DATELINE>    ZURICH, March 2 - </DATELINE><BODY>Sight deposits by commercial banks at the
+Swiss National Bank rose by 3.10 billion Swiss francs to 10.53
+billion in the last 10 days of February, the National Bank
+said.
+    Foreign exchange reserves fell 3.06 billion francs to 30.64
+billion.
+    Sight deposits are an important measure of Swiss money
+market liquidity.
+    The decline in foreign exchange reserves reflected the
+dismantling of swap arrangements, the National Bank said.
+    Banknotes in circulation rose by 834 mln francs to 24.79
+billion while other deposits on call - mainly government funds
+- fell 1.60 billion francs to 1.04 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12600" NEWID="417">
+<DATE> 2-MAR-1987 09:39:50.97</DATE>
+<TOPICS><D>grain</D><D>oat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0524&#31;reute
+b f BC-USDA-LIFTS-CROSS-COMP   03-02 0129</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+USDA LIFTS CROSS-COMPLIANCE FOR 1987 CROP OATS
+    REPEAT FROM LATE FRIDAY
+    WASHINGTON, Feb 27 - The USDA said it is lifting the
+limited cross-compliance requirement for 1987 crop oats.
+    Deputy Secretary Peter Myers said the action was being
+taken to help alleviate the short supply of oats.
+    Under limited cross compliance, the plantings of other
+program crops on the farm may not exceed the crop acreage bases
+of those crops.
+    The lifting of the cross-compliance on oats permits the
+planting of oats in excess of the oat acreage base without
+sacrificing eligibility for other crop program benefits.
+    Myers said soybean plantings are expected to decrease as a
+result of the action on oats, planting of which are expected to
+increase by two to three mln acres.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12601" NEWID="418">
+<DATE> 2-MAR-1987 09:42:34.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0529&#31;reute
+b f BC-cons-tvx-mining-says   03-02 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONSOLIDATED TVX SAYS IT WILL ISSUE SHARES TO BUY STAKES IN THREE BRAZIL MINING FIRMS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12602" NEWID="419">
+<DATE> 2-MAR-1987 09:43:38.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>brazil</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>leigh-pemberton</D><D>conable</D><D>camdessus</D></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0530&#31;reute
+u f BC-BRAZIL-CRITICISES-ADV   03-02 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL CRITICISES ADVISORY COMMITTEE STRUCTURE</TITLE>
+<AUTHOR>    By Sandy Critchley, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Brazil is not happy with the existing
+structure of the 14-bank advisory committee which coordinates
+its commercial bank debt, Finance Minister Dilson Funaro said.
+    U.S. Banks have 50 pct representation on the committee
+while holding only 35 pct of Brazil's debt to banks, he said,
+adding "This is not fair with the European and Japanese banks."
+The committee had played a useful role in 1982 and 1983,
+however.
+    Noting the often different reactions of U.S., Japanese and
+European banks, Funaro told journalists that Brazil might adopt
+an approach involving separate discussions with the regions.
+    Since debtor nations' problems were normally treated on a
+case-by-case basis, "Perhaps the same principle should apply to
+creditors," central bank president Francisco Gros said.
+    Brazil on February 20 suspended indefinitely interest
+payments on 68 billion dlrs owed to commercial banks, followed
+last week by a freeze on bank and trade credit lines deposited
+by foreign banks and institutions, worth some 15 billion dlrs.
+    Funaro and Gros spent two days at the end of last week in
+Washington talking to government officials and international
+agencies and will this week visit Britain, France, West
+Germany, Switzerland and Italy for discussions with
+governments.
+    Funaro and Gros are today meeting British Chancellor of the
+Exchequer Nigel Lawson, Foreign Secretary Geoffrey Howe and
+Governor of the Bank of England Robin Leigh-Pemberton.
+    Bankers have estimated that Brazil owes U.K. Banks around
+8.5 billion dlrs in long and medium term loans, giving the U.K.
+The third largest exposure after the U.S. And Japan.
+    The crisis began when Brazil's trade surplus, its chief
+means of servicing its foreign debt, started to decline sharply
+and the problem was compounded by a renewed surge in the
+country's&#127;ate of inflation.  Reserves were reported to have
+dropped below four billion dlrs.
+    Funaro envisaged that any eventual solution to problems
+with Brazil's 108 billion dlr foreign debt would involve only
+partial servicing of the debt.
+    "What we propose is to arrive at a mechanism of refinance
+for part of the service, because we cannot service all that," he
+said. "I really think we have to change the old rules."
+    Asked why Brazil was first approaching governments, rather
+than the commercial banks themselves in its search for a
+solution to the crisis, Funaro said "We must first talk to the
+governments and then we can talk to the banks, because the
+banks have some limits."
+    "It is a political discussion from our point of view," he
+said.
+    Funaro said he hoped next week to travel to talk to
+Japanese and Canadian government officials. He would then talk
+to the commercial banks "If I've got some solution from the
+governments. I can't take the burden only to the banks." He was
+not sure how long it would take to reach a solution.
+ &#127;  In discussions with governments Brazil would review the
+mechanisms whereby finance was made available to nations in
+need. Finance from official lending agencies had been virtually
+closed since 1982. "You must open these mechanisms," he said.
+    He said that while the U.S. Officials had been disturbed by
+Brazil's suspension of interest payments, they understood
+Brazil had no other choice, as it had to protect its reserves.
+    Also the financing mechanisms had to be discussed "because
+we can't stay as we were the last few years."
+    "I'm trying to put the problem on the table.... All of us
+would like to have a kind of equilibrium." he said. Although
+Brazil has rejected a substantive role for the International
+Monetary Fund (IMF) in managing its economy, Funaro paid a call
+in Washington to IMF Managing Director Michel Camdessus and to
+World Bank President Barber Conable.
+    Funaro noted that inflation in February had started to
+decline again and he expected Brazil to achieve a minimum eight
+billion dlr trade surplus in 1987.
+    Banking sources noted that Brazil's monthly surplus had
+declined to some 150 mln dlrs in the final three months of last
+year, against a monthly one billion in the first nine months.
+    Brazil had the third largest trade surplus in the world,
+Funaro said, although its share of international trade was only
+one pct.  "The solution is linked with growth, not recession," he
+said, noting an IMF program would involve promoting exports and
+inducing an internal recession in order to service debt.
+    Banking sources said Brazil's debts to foreign governments,
+as opposed to commercial banks, now benefit from a sounder
+structure following last month's rescheduling by the Paris Club
+of creditor nations of 4.12 billion dlrs of official debt.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12603" NEWID="420">
+<DATE> 2-MAR-1987 09:43:47.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0531&#31;reute
+u f BC-WHITTAKER-CORP-&lt;WKR>   03-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITTAKER CORP &lt;WKR> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    LOS ANGELES, March 2 -
+    </DATELINE><BODY>Oper shr 17 cts vs 25 cts
+    Qtly div 15 cts vs 15 cts prior
+    Oper net 1,522,000 vs 3,501,000
+    Sales 98.0 mln vs 86.3 mln
+    NOTE: Prior year net excludes loss from discontinued
+operations of 1,817,000 dlrs.
+    Company said common shares outstanding down significantly
+to 7,814,000, reflecting retirement of about 5,200,000 shares
+since start of restructurining in August 1986.
+    Dividend pay April 30, record April 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12604" NEWID="421">
+<DATE> 2-MAR-1987 09:47:04.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0542&#31;reute
+d f BC-QUEBEC'S-CAISSE-DES-J   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBEC'S CAISSE DES JARDINS ISSUES YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Caisse Centrale Desjardins du Quebec is
+issuing a 10 billion yen step-up eurobond maturing on March 25,
+1992 and priced at 101-3/4 pct, joint-bookrunner Warburg
+Securities said.
+    The issues pays a coupon of one pct in years one and two
+and then pays a coupon of 7-7/8 pct in years three, four and
+five. The selling concession is 1-1/4 pct while management and
+underwriting combined pays 5/8 pct.
+    The payment date is March 25 while the issue will be listed
+in Luxembourg. The borrower is the wholesale financing arm of a
+major group of credit unions in the Province of Quebec.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12605" NEWID="422">
+<DATE> 2-MAR-1987 09:48:03.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0545&#31;reute
+u f BC-STOP-AND-SHOP-COS-INC   03-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOP AND SHOP COS INC &lt;SHP> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    BOSTON, March 2 -
+    </DATELINE><BODY>Oper shr 1.80 dlrs vs 1.46 dlrs
+    Oper net 25.0 mln vs 20.2 mln
+    Sales 1.09 billion vs 996.4 mln
+    Avg shrs 13.9 mln vs 13.8 mln
+    Year
+    Oper shr 3.20 dlrs vs 2.57 dlrs
+    Oper net 44.4 mln vs 35.4 mln
+    Sales 3.87 billion vs 3.43 billion
+    Avg shrs 13.9 mln vs 13.8 mln
+    NOTES: Operating net excludes losses of 12.1 mln dlrs, or
+87 cts a share, vs 321,000 dlrs, or two cts a share, in quarter
+and 6.0 mln dlrs, or 43 cts a share, vs 5.1 mln dlrs, or 37 cts
+a share, from discontinued operations. This includes provision
+in latest quarter of 12.2 mln dlrs for closing of Almys
+Department Store Co.
+    Operating net in latest quarter and year includes 750,000
+dlrs charge for restructuring announced in early January
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12606" NEWID="423">
+<DATE> 2-MAR-1987 09:49:36.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0553&#31;reute
+s f BC-JIM-WALTER-CORP-&lt;JWC>   03-02 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JIM WALTER CORP &lt;JWC> REGULAR DIVIDEND</TITLE>
+<DATELINE>    TAMPA, Fla., March 2 -
+    </DATELINE><BODY>Qtly div 35 cts vs 35 cts in prior qtr
+    Payable April one
+    Record March 14
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12607" NEWID="424">
+<DATE> 2-MAR-1987 09:49:48.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0554&#31;reute
+u f BC-DIAGNOSTIC-&lt;DRS>-MAKE   03-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAGNOSTIC &lt;DRS> MAKES A BID FOR ROSPATCH &lt;RPCH></TITLE>
+<DATELINE>    OAKLAND , N.J., March 2 - </DATELINE><BODY>Diagnostic Retrieval Systems Inc
+said it has made an offer to acquire, through a wholly owned
+unit, all outstanding shares of Rospatch Corp's common stock
+for 22 dlrs a share cash, or about 53 mln dlrs.
+    DRS, a warfare systems producer, said it would make the
+transaction through a cash tender offer for all, but not less
+than 51 pct, of Rospatch's outstanding common stock followed by
+a merger with Rospatch, a labels, high technology and wood
+producer, at the same purchase price per share.
+    DRS said the deal is subject to approval by the Rospatch
+board, and the tender offer expires on March 6, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12608" NEWID="425">
+<DATE> 2-MAR-1987 09:52:30.13</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>wool</D><D>dlr</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0571&#31;reute
+d f BC-RECORD-N.Z.-FUTURES-V   03-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECORD N.Z. FUTURES VOLUMES TRADED IN FEBRUARY</TITLE>
+<DATELINE>    WELLINGTON, March 2 - </DATELINE><BODY>The volume of contracts traded on the
+New Zealand Futures Exchange (NZFE) reached a record 25,559
+contracts in February, the International Commodities Clearing
+House (ICCH) said.
+    The previous high was 22,583 contracts in December 1986.
+    The ICCH said the value of the contracts traded in February
+was 2.90 billion N.Z. Dlrs.
+    The seven contracts currently traded on the NZFE are:
+five-year government bonds, the share price index, 90-day bank
+bills, 90-day prime commercial paper, the U.S. Dollar,
+crossbred wool, and wheat.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12609" NEWID="426">
+<DATE> 2-MAR-1987 09:52:48.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0573&#31;reute
+h f BC-AIR-FORCE-EXERCISES-O   03-02 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR FORCE EXERCISES OPTION FOR AAR &lt;AIR> ORDER</TITLE>
+<DATELINE>    ELK GROVE VILLAGE, ILL., Mar 2 - </DATELINE><BODY>AAR Corp said that the
+U.S. Air force exercised an option valued at about eight mln
+dlrs with its Brooks and Perkins Cadillac manufacturing
+subsidiary in Michigan, for cargo pallet maintenence and
+overhaul.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12610" NEWID="427">
+<DATE> 2-MAR-1987 09:54:01.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0576&#31;reute
+r f BC-DOW-CHEMICAL-LAUNCHES   03-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW CHEMICAL LAUNCHES 200 MLN SWISS FRANC BOND</TITLE>
+<DATELINE>    ZURICH, March 2 - </DATELINE><BODY>Dow Chemical Co has launched a 200 mln
+Swiss franc, 12-year bond with a 4-3/4 pct coupon priced at
+100-1/4 pct, lead manager Union Bank of Switzerland said.
+    The issue carries a call option from 1993 at 102 pct,
+declining thereafter by 1/2 percentage point per year.
+    Subscriptions close March 18 and payment date is April 2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12611" NEWID="428">
+<DATE> 2-MAR-1987 09:55:14.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>tanzania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0578&#31;reute
+d f BC-TANZANIA-SAYS-NO-NEED   03-02 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANZANIA SAYS NO NEED FOR NEW ECONOMIC MEASURES</TITLE>
+<DATELINE>    DAR ES SALAAM, March 2 - </DATELINE><BODY>Tanzania's ruling Chama cha
+Mapinduzi (CCM) party has endorsed the government's economic
+reform programme but said it did not think more changes, such
+as a further devaluation of the shilling, would be needed.
+    Tanzania has devalued the shilling more than 65 pct in less
+than a year and has started to overhaul inefficient government
+firms in line with a package agreed with the IMF.
+    The CCM's national executive committee said it was
+satisfied with government efforts to implement IMF conditions.
+"Measures taken so far are satisfactory and there is no need to
+take other ones -- the devaluation of the shilling included," it
+said.
+    The committee's statement was in response to a government
+report on the IMF package submitted last Thursday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12612" NEWID="429">
+<DATE> 2-MAR-1987 09:57:01.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D><D>hong-kong</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0581&#31;reute
+d f BC-TAIWAN-TO-SEEK-HIGHER   03-02 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN TO SEEK HIGHER TEXTILE EXPORTS TO U.S.</TITLE>
+<DATELINE>    TAIPEI, March 2 - </DATELINE><BODY>A Taiwan mission will leave next week for
+Washington to renegotiate an agreement severely limiting the
+growth of the island's textile exports, a Board of Foreign
+Trade official said.
+    Under the agreement signed last July, Taiwan's textile
+export growth was limited to 0.5 pct each year until 1988,
+based on the value of 1985 exports.
+    The official said the pact was unfair because the United
+States had signed more favourable agreements with Hong Kong and
+South Korea. They were each given about one pct growth until
+1991.
+    He said Taiwan now found it difficult to compete with its
+two main rivals and the problem had been made worse because of
+the surging value of the Taiwan dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12613" NEWID="430">
+<DATE> 2-MAR-1987 10:01:38.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0591&#31;reute
+f f BC-******U.S.-JAN-CONSTR   03-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. JAN CONSTRUCTION SPENDING ROSE 1.0 PCT AFTER REVISED 0.9 PCT DEC DROP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12614" NEWID="431">
+<DATE> 2-MAR-1987 10:01:42.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0592&#31;reute
+f f BC-******U.S.-NON-FARM-P   03-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. NON-FARM PRODUCTIVITY FELL REVISED 2.2 PCT IN 4TH QTR INSTEAD OF 1.7 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12615" NEWID="432">
+<DATE> 2-MAR-1987 10:02:26.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0595&#31;reute
+b f BC-/U.S.-NON-FARM-PRODUC   03-02 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. NON-FARM PRODUCTIVITY FELL 2.2 PCT IN QTR</TITLE>
+<DATELINE>    WASHINGTON, Mar 2 - </DATELINE><BODY>Productivity in the non-farm business
+sector fell at a seasonally adjusted, revised annual rate of
+2.2 pct in the fourth quarter last year, the Labor department
+said.
+    Previously, the department said productivity fell 1.7 pct
+in the fourth quarter.
+    The decline followed a 0.3 pct drop in the third quarter.
+    For all of 1986, productivity increased 0.7 pct from 1985,
+reflecting rises of 4.3 pct in the first quarter and 0.5 pct in
+the second quarter.
+    Non-farm productivity in 1985 increased 0.5 pct, the
+department said.
+    For the fourth quarter, output rose 1.9 pct while hours of
+all persons increased 4.3 pct.
+    Hourly compensation rose 2.7 pct but effectively was zero
+when the increase in CPI-U is taken into account. Unit labor
+costs rose 5.1 pct.
+    The implicit price deflator for non-farm business fell 0.4
+pct following a 3.6 pct increase in the third quarter.
+    Manufacturng productivity declined 0.1 pct after a 3.6 pct
+increase in the third quarter.
+    Manufacturing output rose 3.3 pct in the fourth quarter and
+as hours gained 3.4 pct and compensation per hour 2.1 pct, the
+department said.
+    Real compensation per hour in manufacturing fell 0.6 pct in
+the fourth quarter when inflation was taken into account.
+    Business productivity, including farms, fell 2.8 pct in the
+fourth quarter after a 0.4 pct third-quarter decline but was
+0.7 pct higher overall in 1986 than in 1985.
+    Hourly compensation increased three pct overall in 1986 in
+the non-farm business sector, the smal.0 pct.e since 1919.
+    In 1985, hourly compensation rose 4.0 pct.
+    The implicit price deflator for non-farm business rose 2.2
+pct in 1986 after a 3.3 pct rise a year earlier and was the
+smallest increase since 1965.
+    Unit labor costs were up 2.3 pct in 1986 after rising 3.5
+pct in 1985.
+    Productivity in manufacturing rose 2.7 pct last year after
+a 1985 rise of 4.4 pct, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12616" NEWID="433">
+<DATE> 2-MAR-1987 10:02:31.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0596&#31;reute
+f f BC-FRENCH-13-WEEK-T-BILL   03-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> FRENCH 13-WEEK T-BILL AVERAGE RATE FALLS TO 7.69 PCT FROM 7.82 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12617" NEWID="434">
+<DATE> 2-MAR-1987 10:04:24.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0612&#31;reute
+b f BC-/U.S.-CONSTRUCTION-SP   03-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONSTRUCTION SPENDING ROSE 1.0 PCT IN JAN</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>U.S. construction spending rose 3.6
+billion dlrs, or 1.0 pct, in January to a seasonally adjusted
+rate of 378.5 billion dlrs, the Commerce Department said.
+    Spending in December fell a revised 3.5 billion dlrs, or
+0.9 pct, to 374.9 billion dlrs, the department said.
+    Previously, it said spending fell 0.5 pct in December.
+    The department said the value of all new construction in
+1986 was 376.9 billion dlrs, or six pct more than the 355.6
+billion dlrs of building put in place in 1985.
+    The department said January construction spending was 5.1
+billion dlrs, or 1.4 pct, above the January, 1986 total of
+373.4 billion dlrs.
+    Residential construction spending rose in January to an
+annual rate of 180.7 billion dlrs from 178.6 billion dlrs in
+December.
+    Public construction outlays rose for a third successive
+month to 75.2 billion dlrs in January from 71.2 billion dlrs in
+December, and were 7.2 billion dlrs, or 10.6 pct, higher than
+the January, 1986 estimate of 68.0 billion dlrs, the department
+said.
+    The department said a big increase in public spending
+occurred on highway construction, where outlays rose in January
+to 23.8 billion dlrs from 18.9 billion dlrs in December.
+    In constant dlrs, January construction outlays rose 3.6
+billion dlrs, or 1.1 pct from December levels, the department
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12618" NEWID="435">
+<DATE> 2-MAR-1987 10:04:49.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0616&#31;reute
+r f BC-WHITTAKER-&lt;WKR>-TO-HA   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITTAKER &lt;WKR> TO HAVE GAINS FROM SALES</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Whittaker Corp said it will have a
+gain on the sale of discontinued businesses after any operating
+losses from the businesses up until the dates of disposition,
+but it will defer reporting the gain until its restructuring
+program hsa been substantially completed.
+    The company said in the first quarter ended January 31,m it
+completed the divestiture of its health maintenance
+organization operations to Travelers Corp &lt;TIC> , sold its
+Whittar Steel Strip operations to &lt;DofascoxInc> and sold its
+equity investment in Bertram-Trojan Inc to an affiliate of
+&lt;Investcorp>.
+    The company said it has entered into definitive agreements
+to sell Whittaker General Medical Corp, Bennes MArrel SA of
+France and Juster Steel Corp as well.
+    The company said to date it has received proceeds of about
+90 mln dlrs from divestitures and has used the funds to reduce
+debt incurred in the repurchase of its common shares.
+    Whittaker today reported first quarter earnings from
+continuing operations fell to 1,522,000 dlrs from 3,501,000
+dlrs a year before. The year-earlier figure excluded a
+1,817,000 dlr loss from discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12619" NEWID="436">
+<DATE> 2-MAR-1987 10:06:32.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0625&#31;reute
+u f BC-THE-JAPAN-FUND-&lt;JPN>   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE JAPAN FUND &lt;JPN> GETS BUYOUT OFFER</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>The Japan Fund Inc said it has received
+an unsolicited offer from &lt;Sterling Grace Capital Management
+LP>, acting together with certain other persons and entities,
+to purchase all the assets of the fund at five pct below its
+aggregate net asset value.
+    The Japan Find said tne deal is subject to obtaining
+satisfactory financing and a due diligence review.
+    It added that the proposal has been referred to its Board
+of Directors for consideration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12620" NEWID="437">
+<DATE> 2-MAR-1987 10:12:12.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0635&#31;reute
+r f BC-STANSBURY-MINING-&lt;STB   03-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANSBURY MINING &lt;STBY> GETS FUNDING FOR MINE</TITLE>
+<DATELINE>    ALPINE, Utah, March 2 - </DATELINE><BODY>Stansbury Mining Corp said it has
+arranged the financing it needs to bring its vermiculite mine
+into operation later this year.
+    The company said New York investment banking firm Matthews
+and Wright has arranged 7,300,000 dlrs in tax-free industrial
+revenue bonds and 4,700,000 dlrs in conventional bonds.
+    It said it expects to produce saleable ore from the mine
+before year-end.
+    The company said it has also signed an agreement for Wright
+Engineers Ltd of British Columbia to recoup the cost of its
+services to Stansbury by converting warrants.
+    The company said Wright Engineers would convert the
+warrants to Stansbury common on a monthly basis at the monthly
+market value as the 1,700,000 dlrs of engineering work is
+completed.  It said it does not expect more than 400,000
+warrants to be converted over the next 12 months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12621" NEWID="438">
+<DATE> 2-MAR-1987 10:13:07.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0641&#31;reute
+d f BC-&lt;SAMSUNG-CO>-CALENDAR   03-02 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SAMSUNG CO> CALENDAR 1986</TITLE>
+<DATELINE>    SEOUL, March 2 -
+    </DATELINE><BODY>Div 50 won vs 50 won
+    Net profit 6.91 billion won vs 6.10 billion
+    Sales 4,275.4 billion vs 3,801,7 billion
+    Note - Company has set 1987 sales target of 4,800 billion
+won.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12622" NEWID="439">
+<DATE> 2-MAR-1987 10:13:14.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0642&#31;reute
+d f BC-&lt;DAEWOO-CORP>-CALENDA   03-02 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DAEWOO CORP> CALENDAR 1986</TITLE>
+<DATELINE>    SEOUL, March 2 -
+    </DATELINE><BODY>Div 50 won vs 50 won
+    Net profit 35.4 billion won vs 34.2 billion
+    Sales 4,214.9 billion won vs 3,779.2 bilion
+    Note - company has set 1987 sales target of 5,200 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12623" NEWID="440">
+<DATE> 2-MAR-1987 10:17:14.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0648&#31;reute
+f f BC-******CORNING-TO-OFFE   03-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CORNING TO OFFER 0.5165 SHARE FOR EACH HAZLETON SHARE UNDER EARLIER AGREEMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12624" NEWID="441">
+<DATE> 2-MAR-1987 10:20:41.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0657&#31;reute
+u f BC-BANK-OF-NEW-YORK-&lt;BK>   03-02 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW YORK &lt;BK> TO HAVE GAIN ON UNIT SALE</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Bank of New York Co said it and the
+management of RMJ Securities Corp have agreed to sell 80 pct of
+their interests in RMJ Holding Corp to &lt;British and
+Commonwealth Holdings PLC> and Bank of New York expects to
+realize a substantial gain on the transaction.
+    RMJ Holding is the holding company for RMJ Securities, a
+large broker of U.S. government securities and agency
+obligations  Bank of New York owns a majority interest in RMJ
+Holding and management of RMJ Securities the remainder.
+    Bank of New York said the sale is expected to be completed
+during the second quarter.
+    It said it and RMJ Securities management will continue to
+own 20 pct of RMJ Holding for now, but the agreement provides
+for the sale of that remaining interest to British and
+Commonwealth over the next six years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12625" NEWID="442">
+<DATE> 2-MAR-1987 10:29:07.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0682&#31;reute
+b f BC-CORNING-&lt;GLW>,-HAZLET   03-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORNING &lt;GLW>, HAZLETON &lt;HLC> SET EXCAHNGE RATIO</TITLE>
+<DATELINE>    CORNING, N.Y., March 2 - </DATELINE><BODY>Corning Glass Works said the
+exchange ratio for its previously announced acquisition of
+Hazleton Laboratories Corp has been established at 0.5165
+Corning common share for each Hazleton common share.
+    Corning said the prospectus regarding the merger is
+expected to be mailed tomorrow to all Hazleton holders of
+record February 18. Hazleton shareholders will vote on the
+proposed merger at a special meeting on March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12626" NEWID="443">
+<DATE> 2-MAR-1987 10:30:23.83</DATE>
+<TOPICS><D>livestock</D><D>l-cattle</D></TOPICS>
+<PLACES><D>italy</D><D>bangladesh</D><D>bhutan</D><D>india</D><D>nepal</D><D>pakistan</D><D>egypt</D><D>yemen-arab-republic</D><D>yemen-demo-republic</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>fao</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0684&#31;reute
+d f BC-HEALTH-EXPERTS-CALL-F   03-02 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH EXPERTS URGE ERADICATION OF RINDERPEST</TITLE>
+<DATELINE>    ROME, March 2 - </DATELINE><BODY>World animal health experts called for a
+campaign to eradicate the lethal cattle disease Rinderpest in
+Bangladesh, Bhutan, India, Nepal and Pakistan, a statement from
+a Food and Agriculture Organization (FAO) meeting here said.
+    Some 230 mln dlrs is needed over two years to vaccinate the
+entire susceptible cattle population in Bangladesh and Pakistan
+and high-risk areas of the other three countries. In India some
+240 mln cattle are estimated to be at risk from the disease.
+    The experts recommended the campaign be funded mostly by
+the governments of the five nations, with help from the FAO.
+Similar campaigns are needed in Egypt, Yemen, Iraq and Iran.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12627" NEWID="444">
+<DATE> 2-MAR-1987 10:31:49.20</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0686&#31;reute
+r f BC-TURKISH-RETAIL-PRICES   03-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH RETAIL PRICES RISE 2.7 PCT IN FEBRUARY</TITLE>
+<DATELINE>    ANKARA, March 2 - </DATELINE><BODY>Turkish retail prices rose 2.7 pct in
+February after 2.9 pct in January and 1.7 pct in February 1986,
+the State Statistics Institute said.
+    Prices in the year to February rose 31.6 pct, compared with
+30.3 pct in the year to January and 38.8 pct in the 12 months
+to February 1986.
+    The index (base 1978/79), covering 14 towns and five
+regions, was 1,886.8 in February, 1,837.2 in January and
+1,434.0 in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12628" NEWID="445">
+<DATE> 2-MAR-1987 10:34:38.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0700&#31;reute
+f f BC-bank-of-england-annou   03-02 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> bank of england announces creation of further one billion stg of nine pct 2002 exchequer stock
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12629" NEWID="446">
+<DATE> 2-MAR-1987 10:35:55.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0708&#31;reute
+r f BC-XEROX-CORP-&lt;XRX>-ADDS   03-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XEROX CORP &lt;XRX> ADDS CAPACITY TO SYSTEM</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 2 - </DATELINE><BODY>Xerox Corp said it has added a
+system that can handle more than 3,000 calls per hour and store
+up to 526 hours of messages to its Voice Message Exchange
+product line.
+    Available with 12 to 64 ports, the new System V is designed
+to serve 800 to 10,000 users, the company said. It is
+compatible with the company's entire voice message exchange
+line, it added.
+    Xerox said the system may be rented annually, with an
+option to purchase, starting at 4,700 dlrs per month, or
+purchased for 123,000 dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12630" NEWID="447">
+<DATE> 2-MAR-1987 10:36:04.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0709&#31;reute
+r f BC-BALLY-&lt;BLY>-COMPLETES   03-02 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY &lt;BLY> COMPLETES PURCHASE OF GOLDEN NUGGET</TITLE>
+<DATELINE>    CHICAGO, March  2 - </DATELINE><BODY>Bally Manufacturing Corp said it
+completed the acquisition of the Golden Nugget Casino Hotel in
+Atlantic City, New Jersey from Golden Nugget Inc.
+    Bally also acquired from Golden Nugget various parcels of
+real estate in Atlantic City, it noted.
+    The transaction included 140 mln dlrs in cash and stock and
+the assumption of a 299 mln dlrs mortgage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12631" NEWID="448">
+<DATE> 2-MAR-1987 10:36:13.53</DATE>
+<TOPICS><D>gold</D><D>acq</D><D>platinum</D></TOPICS>
+<PLACES><D>canada</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0710&#31;reute
+r f BC-cons-tvx-to-buy   03-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED TVX TO BUY BRAZIL GOLD MINE STAKES</TITLE>
+<DATELINE>    TORONTO, March 2 - </DATELINE><BODY>&lt;Consolidated TVX Mining Corp> said it
+agreed to issue 7.8 mln treasury shares to acquire interests in
+three gold mining companies in Brazil and an option to increase
+the company's interest in a platinum property.
+    The company said the transactions will bring immediate
+production and earnings to Consolidated TVX, enhance its
+precious metal potential and is expected to improve cash flow
+and earnings on a per share basis. The company did not give
+specific figures.
+    Consolidated TVX said it will acquire 29 pct of CMP, a
+public gold mining company in which TVX already holds a 15 pct
+interest, making TVX the largest single shareholder.
+    The company also agreed to acquire a 19 pct stake in Novo
+Astro, a private company, and a 16 pct interest in Teles Pires
+Mining, increasing the TVX's ownership to 51 pct.
+    In addition, Consolidated TVX said it will acquire the
+right to add a 10 pct interest to a platinum property in which
+it already owns a 29.4 pct stake.
+    CMP earned 11 mln Canadian dlrs in 1986 and expects to
+produce 42,000 ounces of gold in 1987 at a cost of 160 U.S.
+dlrs an ounce, Consolidated TVX said.
+    Novo Astro operates Brazil's richest gold mine located in
+Amapa State, with an average grade of 0.8 ounces of gold a ton
+in a hardrock quartz vein, Consolidated TVX said. Mining of
+eluvial surface material produced 25,000 ounces in 1986 and is
+expected to produce 60,000 ounces in 1987.
+    It also said Teles Pires Mining controls rights to a 350
+kilometer section of the Teles Pires River, where one dredge is
+expected to produce 10,000 ounces of gold in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12632" NEWID="449">
+<DATE> 2-MAR-1987 10:36:32.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0713&#31;reute
+d f BC-WARWICK-INSURANCE-MAN   03-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARWICK INSURANCE MANAGERS INC &lt;WIMI> 4TH QTR</TITLE>
+<DATELINE>    MORRISTOWN, N.J., March 2 -
+    </DATELINE><BODY>Oper shr 17 cts vs 19 cts
+    Oper net 636,000 vs 358,000
+    Revs 10.6 mln vs 7,024,000
+    Avg shrs 3,808,000 vs 1,924,000
+    Year
+    Oper shr 73 cts vs 65 cts
+    Oper net 2,467,000 vs 1,199,000
+    Revs 31.5 mln vs 22.9 mln
+    Avg shrs 3,372,000 vs 1,785,000
+    NOTE: Net excludes investment gains 20,000 dlrs vs 86,000
+dlrs in quarter and 586,000 dlrs vs 195,000 dlrs in year.
+    1985 year net excludes 304,000 dlr tax credit.
+    Share adjusted for one-for-two reverse split in November
+1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12633" NEWID="450">
+<DATE> 2-MAR-1987 10:39:16.09</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0730&#31;reute
+u f BC-CANADA-INDUSTRIAL-PRI   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA INDUSTRIAL PRICES UP 0.2 PCT IN MONTH</TITLE>
+<DATELINE>    OTTAWA, March 2 - </DATELINE><BODY>Canada's industrial product price index
+rose 0.2 pct in January after falling 0.2 pct in each of the
+two previous months, Statistics Canada said.
+    The rise was led by price gains for papers, pharmaceuticals
+and petroleum and coal products. Price declines were recorded
+for meat products, lumber and motor vehicles.
+    On a year over year basis, the federal agency said the
+index fell 0.9 pct in January, the largest yearly decline on
+record.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12634" NEWID="451">
+<DATE> 2-MAR-1987 10:39:20.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0731&#31;reute
+b f BC-/OLIVER'S-STORES-&lt;OLV   03-02 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIVER'S STORES &lt;OLVR> FILES CHAPTER 11</TITLE>
+<DATELINE>    RIDGEFIELD, N.J., March 2 - </DATELINE><BODY>Oliver's Stores Inc said it has
+decided to reorganize under Chapter 11 of the federal
+bankruptcy laws and will file a petition by the end of this
+week.
+    The company said it has failed to reach agreement with
+primary lenders Manufacturers Hanover Corp &lt;MHC> and Midlantic
+Corp &lt;MIDL> on a debt restructuring.
+    It said Manufacturers has declared the company in default
+and demanded repayment of about six mln dlrs in debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12635" NEWID="452">
+<DATE> 2-MAR-1987 10:39:41.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0734&#31;reute
+d f BC-HOWE-OWNERS-FEDERAL-&lt;   03-02 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOWE OWNERS FEDERAL &lt;HFSL> HOLDERS OK MORE STOCK</TITLE>
+<DATELINE>    BOSTON, March 2 - </DATELINE><BODY>Howen Owners Federal Savings and Loan
+Association said its stockholders have approved an amendment to
+its charter increasing the number of authorized common to 32
+mln shares from eight mln and the number of authorized
+preferred shares to eight mln from two mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12636" NEWID="453">
+<DATE> 2-MAR-1987 10:39:58.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0736&#31;reute
+b f BC-COMMERZBANK-UNIT-ISSU   03-02 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERZBANK UNIT ISSUES STERLING EUROBOND</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Commerzbank Overseas Finance NV is
+issuing a 50 mln stg eurobond due March 31, 1992 paying 9-5/8
+pct and priced at 101-1/4 pct, joint-lead manager Samuel
+Montagu and Co Ltd said. Commerzbank AG is the other
+joint-lead.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 stg and will be listed in London. The selling
+concession is 1-1/4 pct while management and underwriting
+combined pays 5/8 pct.
+    The payment date is March 31.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12637" NEWID="454">
+<DATE> 2-MAR-1987 10:40:44.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0743&#31;reute
+d f BC-NUCLEAR-DATA-&lt;NDI>-GE   03-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUCLEAR DATA &lt;NDI> GETS EXTENSIONS ON LOANS</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>Nuclear Data Inc said its bank lenders
+agreed to extend its secured loan agreement through June 30,
+1987.
+    The agreement, which covers about 9.5 mln dlrs in short
+term debt, had been scheduled to expire February 28.
+    Terms of the extension require Nuclear Data to obtain
+replacement financing from outside sources before June 30, it
+said.
+    If the company is unable to or fails to achieve certain
+projected operating results in the meantime, it will be
+required to divest enough assets to retire its debt, it said.
+    For the first nine months of its fiscal 1987 year ended
+November 30, 1986, Nuclear Data reported a loss of almost nine
+mln dlrs or 4.98 dlrs a share on revenues of 32.6 mln dlrs.
+    Nuclear Data cited improvement in printed circuit board
+sales and said it is confident it will obtain replacement
+financing.
+    In other action, Nuclear Data said it set up a 1.25 mln
+dlrs reserve to cover the revaluation of certain domestic
+medical inventory and the redirection of its U.S. medical sales
+efforts.
+    The reserve was taken to offset a decline in the U.S.
+dollar against the Danish Kroner and other factors adversely
+affecting sales of its Danish manufactured medical products in
+the U.S. market, Nuclear Data said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12638" NEWID="455">
+<DATE> 2-MAR-1987 10:40:46.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0744&#31;reute
+b f BC-******GELCO-CORP-2ND   03-02 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GELCO CORP 2ND QTR SHR 67 CTS VS 23 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12639" NEWID="456">
+<DATE> 2-MAR-1987 10:44:16.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0760&#31;reute
+r f BC-STROBER-ORGANIZATION   03-02 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STROBER ORGANIZATION INC &lt;STRB> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 2 -
+    </DATELINE><BODY>Shr 22 cts vs 17 cts
+    Net 1,232,000 vs 834,000
+    Sales 24.1 mln vs 20.9 mln
+    Avg shrs 5,609,000 vs five mln
+    Year
+    Shr 97 cts vs 69 cts
+    Net 4,985,000 vs 3,426,000
+    Sales 92.4 mln vs 77.9 mln
+    Avg shrs 5,153,000 vs five mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12640" NEWID="457">
+<DATE> 2-MAR-1987 10:44:32.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0761&#31;reute
+r f BC-JUDGE-RULES-IN-FAVOR   03-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUDGE RULES IN FAVOR OF DOW CHEM &lt;DOW> UNIT</TITLE>
+<DATELINE>    FREEHOLD, N.J., March 2 - </DATELINE><BODY>Dow Chemical Co said a judge on
+the New Jersey Superior Court for Monmouth County granted its
+Merrell Dow Pharmaceuticals Inc unit a motion for a directed
+verdict in its favor in a case alleging its morning sickness
+drug, Bendectin, caused a child's birth defects.
+    Merrell Dow said after plaintiffs had completed their
+presentation of evidence, Judge Marshall Selikoff granted the
+company's motion and discharged the jury on grounds tha
+plaintiffs did not present evidence showing the drug caused the
+child' problems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12641" NEWID="458">
+<DATE> 2-MAR-1987 10:44:46.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>brazil</D><D>france</D><D>west-germany</D><D>switzerland</D><D>italy</D><D>canada</D><D>japan</D></PLACES>
+<PEOPLE><D>lawson</D><D>volcker</D><D>james-baker</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0762&#31;reute
+u f BC-U.K.-SAYS-HAS-NO-ROLE   03-02 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. SAYS HAS NO ROLE IN BRAZIL MORATORIUM TALKS</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson has told Brazil's Finance Minister Dilson Funaro that
+negotiations on Brazil's debt to commercial banks are a matter
+for the commercial banks themselves, a Treasury spokesman said.
+    The spokesman said the Chancellor had emphasised in talks
+this morning with Funaro the need for the Brazilian authorities
+to be able to present a convincing economic program to the
+country's creditors. He added an accord with the International
+Monetary Fund (IMF) could be a very helpful support.
+    Brazil on February 20 suspended interest payments on 68
+billion dlrs of its debts to commercial banks.
+    Lawson's attitude was interpreted by banking sources as a
+clear rebuff to Brazilian hopes of obtaining official
+cooperation in resolving its external debt crisis.
+    Funaro, accompanied by central bank president Francisco
+Gros, is on the first leg of a tour of European capitals in an
+attempt to explain to governments Brazil's indefinite
+suspension of interest payments earlier this month.
+    Brazil has in the past rejected a substantial role for the
+IMF in managing its economy, arguing that an IMF austerity
+program by promoting exports and dampening domestic consumption
+would lead to recession and threaten democracy.
+    Funaro and Gros last week visited Washington as part of
+their trip to enlist support from governments for its attempts
+to change the means by which developing countries finance
+growth.
+    Funaro said on Saturday in Washington that Brazil would not
+have suspended payment on its debt if it had received more and
+faster financing from international agencies.
+    He said earlier today that Brazil was first approaching
+governments before talking to the commercial banks themselves
+about the interest payment moratorium "because the banks have
+some limits.... It's a political discussion from our point of
+view."
+    Funaro said on Friday that his talks with U.S. Officials
+had resulted in no new financial arrangement to help resolve
+Brazil's debt crisis, describing the meeting as an initial
+contact.
+    He had earlier met Federal Reserve Board Chairman Paul
+Volcker and U.S. Treasury Secretary James Baker.
+    The Treasury spokesman pointed out that today's talks had
+been at Funaro's request.
+    After travelling this week to France, Germany, Switzerland
+and Italy, Funaro hopes to visit Canada and Japan next week
+before starting negotiations with banks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12642" NEWID="459">
+<DATE> 2-MAR-1987 10:44:49.67</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E
+&#22;&#22;&#1;f0763&#31;reute
+f f BC-******SHELL-CANADA-CU   03-02 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SHELL CANADA CUTS CRUDE OIL PRICES BY UP TO 1.27 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12643" NEWID="460">
+<DATE> 2-MAR-1987 10:45:08.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0765&#31;reute
+b f BC-BANK-OF-ENGLAND-ANNOU   03-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND ANNOUNCES ONE BILLION STG TAP</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The Bank of Enlgand said it was creating
+and taking onto its own books a one stg tranche of the nine pct
+Exchequer stock due 2002.
+    The issue is part paid with 20 stg pct payable on issue and
+the 76 stg pct balance due on April 27. First dealings will
+take place this Wednesday, March 4.
+    The initial reaction among dealers was to mark prices
+around 1/8 point easier. The market had been untapped prior to
+this announcement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12644" NEWID="461">
+<DATE> 2-MAR-1987 10:45:36.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0768&#31;reute
+s f BC-BRENCO-INC-&lt;BREN>-DEC   03-02 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRENCO INC &lt;BREN> DECLARES QTLY DIVIDEND</TITLE>
+<DATELINE>    PETERSBURG, Va., March 2 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay April six
+    Record March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12645" NEWID="462">
+<DATE> 2-MAR-1987 10:47:27.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0778&#31;reute
+u f BC-BLACK-SOUTH-AFRICAN-M   03-02 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLACK SOUTH AFRICAN MINERS SEEK WAGE RISE</TITLE>
+<DATELINE>    JOHANNESBURG, March 2 - </DATELINE><BODY>The National Union of Mineworkers,
+NUM, said it will demand a 55 pct annual wage increase in
+upcoming negotiations with South Africa's mining companies.
+    The union, representing some 360,000 black workers at about
+118 mines, last year sought a 45 pct boost in salaries and
+settled for 23.5 pct.
+    NUM General Secretary Cyril Ramaphosa told a news
+conference the miners were "very angry at low wages...And are
+prepared to press their struggle for as long as it takes to get
+their demands met."
+    Salaries for black miners currently range from a low of 195
+rand or 94 dlrs a month to 800 rand, or 384 dlrs, with an
+average monthly wage of 345 rand or 165 dlrs, Ramaphosa said.
+    He also said the union has asked the mining companies to
+begin new contract talks on April one instead of the usual May
+one starting time. The current one-year contract expires at the
+end of June.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12646" NEWID="463">
+<DATE> 2-MAR-1987 10:48:41.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0788&#31;reute
+d f BC-PRIME-COMPUTER-&lt;PRM>   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIME COMPUTER &lt;PRM> UNVEILS PC SOFTWARE</TITLE>
+<DATELINE>    NATICK, Mass., March 2 - </DATELINE><BODY>Prime Computer Inc said it has
+introduced the Prime Medusa/pc software, a two dimensional
+version of its Prime Medusa computer-aided-design software.
+    Prime said Prime Medusa/pc is for use on an International
+Business Machines Corp &lt;IBM> PC/AT operating within a Prime 50
+Series minicomputer environment.
+    The company said the software is available immediately to
+customers who have or are currently ordering a Prime Medusa
+license on one of Prime's 50 series systems.
+    Prime added the software costs 5,000 dlrs per license with
+monthly maintenance of 65 dlrs.
+    Prime said it also unveiled the Prime Medusa Revision 4.0
+system with a new feature for developing applications that
+alows users to associate non-graphic information with graphic
+elements on a drawing sheet.
+    The Prime Medusa Revision 4.0 is available immediately,
+Prime said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12647" NEWID="464">
+<DATE> 2-MAR-1987 10:49:30.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0794&#31;reute
+d f BC-MASSACHUSETTS-INVESTO   03-02 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MASSACHUSETTS INVESTORS GROWTH STOCK FUND PAYOUT</TITLE>
+<DATELINE>    BOSTON, March 2 -
+    </DATELINE><BODY>Qtly div from income 5.1 cts vs 3.035 dlrs in prior qtr
+including capital gains of 2.978 dlrs
+    Payable March 27
+    Record February 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12648" NEWID="465">
+<DATE> 2-MAR-1987 10:49:46.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0796&#31;reute
+r f BC-fed-industries-paper   03-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL INDUSTRIES PAPER ISSUE JUST IN CANADA</TITLE>
+<DATELINE>    WINNIPEG, Manitoba, March 2 - </DATELINE><BODY>Federal Industries Ltd's
+earlier announced commercial paper issue of up to 440 mln dlrs,
+will be made only in Canada, a company spokesman said.
+    The issue currently underway is expected to be completed
+within the next few weeks.
+    The final amount of the issue depends on market conditions,
+but will likely be close to 400 mln dlrs, the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12649" NEWID="466">
+<DATE> 2-MAR-1987 10:50:28.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0801&#31;reute
+d f BC-&lt;PREMDOR-INC>-4TH-QTR   03-02 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PREMDOR INC> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 2 -
+    </DATELINE><BODY>Shr 35 cts vs 25 cts
+    Net 1,590,000 vs 1,140,000
+    Revs 32.2 mln vs 23.0 mln
+    YEAR
+    Shr 1.16 dlrs vs 68 cts
+    Net 5,300,000 vs 3,100,000
+    Revs 110.0 mln vs 85.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12650" NEWID="467">
+<DATE> 2-MAR-1987 10:50:34.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0802&#31;reute
+w f BC-AMERICAN-NURSERY-&lt;ANS   03-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN NURSERY &lt;ANSY> BUYS FLORIDA NURSERY</TITLE>
+<DATELINE>    TAHLEQUAH, OKLA., March 2 - </DATELINE><BODY>American Nursery Products Inc
+said it purchased Miami-based Heinl's Nursery Inc, for
+undisclosed terms.
+    Heinl's Nursery has sales of about 4.5 mln dlrs and owns
+100 acres, of which 75 are in shade houses and about 58,300
+square feet cover greenhouses, shipping and office facilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12651" NEWID="468">
+<DATE> 2-MAR-1987 10:52:37.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0805&#31;reute
+b f BC-JUTLAND-TELEPHONE-SET   03-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUTLAND TELEPHONE SETS 75 MLN SWISS FRANC BOND</TITLE>
+<DATELINE>    ZURICH, March 2 - </DATELINE><BODY>Jutland Telephone Co plans to issue a 75
+mln Swiss franc, 4-3/4 pct bond with a par price and a maximum
+10-year maturity, lead manager Union Bank of Switzerland said.
+    The bond may be retired between 1991 and 1996 if the
+secondary price does not exceed par.
+    It may be called starting in 1992 at 101, with declining
+premiums thereafter, or for tax reasons beginning in 1988 at
+102 with declining premiums thereafter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12652" NEWID="469">
+<DATE> 2-MAR-1987 10:54:08.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0815&#31;reute
+r f BC-REGENCY-CRUISES-INC-&lt;   03-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGENCY CRUISES INC &lt;SHIP> ELECTS NEW CHAIRMAN</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Regency Cruises Inc said its board
+elected William Schanz as its chairman and chief executive
+officer. He replaces Anastasios Kyriakides, who resigned in
+December.
+    Schantz has served as president, treasurer, and a director
+since its inception in 1984.
+    The company also elected three directors. They are Paul
+Hermann, John Clive Bayley and Costas Galetakis. The company
+said they replace Paul Wells and Douglas MacGarvey, who also
+resigned in December. One new director's post has been added,
+Regency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12653" NEWID="470">
+<DATE> 2-MAR-1987 10:54:21.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0817&#31;reute
+d f BC-MFS-MANAGED-SECTORS-T   03-02 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MFS MANAGED SECTORS TRUST DIVIDEND INCREASED</TITLE>
+<DATELINE>    BOSTON, March 2 -
+    </DATELINE><BODY>Semi-annual div from income of 7.3 cts vs 1.0 cent in prior
+period
+    Payable March 27
+    Record February 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12654" NEWID="471">
+<DATE> 2-MAR-1987 10:54:29.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0818&#31;reute
+d f BC-UNOCAL-&lt;UCL>-PLANS-LU   03-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOCAL &lt;UCL> PLANS LUBE CENTERS AT TRUCKSTOPS</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>Unocal Corp said it plans to introduce
+truck lube centers at most of the 148 Unocal 76 Auto/TruckStops
+along the nation's interstate highways.
+    The company said the centers will be the first national
+program to offer over-the-road trucks a convenient and complete
+lube-and-oil-change service. The centers will offer a 20-point
+lubrication and oil change at a suggested price of 99.95 dlrs
+for most trucks.
+    Unocal said the price will be the same or lower than
+commercial grages and truckstops now charge in most areas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12655" NEWID="472">
+<DATE> 2-MAR-1987 10:54:36.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0819&#31;reute
+h f BC-&lt;GENZYME>,-PFIZER-&lt;PF   03-02 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GENZYME>, PFIZER &lt;PFE> UNIT IN JOINT VENTURE</TITLE>
+<DATELINE>    BOSTON, March 2 - </DATELINE><BODY>Genzyme Corp said it and Howmedica, a
+Rutherford, N.J.-based company owned by Pfizer Inc, have agreed
+to an initial joint research and development program.
+    The company said the venture will focus on using Genzyme's
+proprietary technologies to procued hyaluronic acid-based
+products for use in orthopedic surgery.
+    Hyaluronic acid is a natural water retaining and
+lubricating component in the body's soft tissue, and a key part
+of certain body fluids.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12656" NEWID="473">
+<DATE> 2-MAR-1987 10:59:16.80</DATE>
+<TOPICS><D>earn</D><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0832&#31;reute
+r f BC-multi-step-to-sell   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULTI-STEP TO SELL LADDER UNIT, CANCEL SHARES</TITLE>
+<DATELINE>    TORONTO, March 2 - </DATELINE><BODY>&lt;Multi-Step Products Inc>, earlier
+reporting an initial six month loss, said it agreed to sell
+wholly owned Multi-Step Manufacturing Inc for 100,000 dlrs
+cash, subject to shareholder and regulatory approval.
+    Multi-Step also said it will pay 900,000 dlrs to cancel
+711,192 of its own shares, which will be acquired from Michael
+Penhale and his benficiaries. Penhale will control and manage
+Multi-Step Manufacturing, following the transactions.
+    Multi-Step had a 739,146 dlr loss for the six months ended
+December 31. The company received its initial public listing in
+December.
+    The company said its ladder-making unit has been losing
+300,000 dlrs quarterly.
+    The sale, expected to close in April, also calls for
+retirement of the unit's 400,000 dlr bank debt, Multi-Step
+said. The unit also has agreed to pay a debt of 400,000 dlrs to
+Tarxien Company Ltd, which is 40 pct owned by Multi-Step.
+    Multi-Step previously said it agreed to acquire the
+remaining 60 pct of Tarxien it does not already own.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12657" NEWID="474">
+<DATE> 2-MAR-1987 10:59:28.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0833&#31;reute
+r f BC-ESSELTE-BUSINESS-&lt;ESB   03-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSELTE BUSINESS &lt;ESB> UNIT BUYS ANTONSON UNIT</TITLE>
+<DATELINE>    GARDEN CITY, N.Y., March 2 - </DATELINE><BODY>Esselte Business Systems Inc's
+Esselte Meto division said it has acquired the Antonson America
+Co, a subsidiary of &lt;Antonson Machines AB>, of Sweden.
+    Esselte said the Antonson unit, based in LaPorte, Indiana,
+manufactures scales and label printers. The company said the
+purchase is part of a plan to increase the range of retail
+electronic scales being offered by Esselte in the U.S.
+    It said the acquisition will enble Esselte to increase its
+distribution base in its effort to grow in the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12658" NEWID="475">
+<DATE> 2-MAR-1987 11:03:46.46</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0842&#31;reute
+b f BC-/-FED-EXPECTED-TO-ADD   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD TEMPORARY RESERVES</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>The Federal Reserve is expected to
+enter the U.S. Government securities market to add temporary
+reserves, economists said.
+    They expect it to supply the reserves indirectly by
+arranging a fairly large round, two billion dlrs or more, of
+customer repurchase agreements. The Fed may add the reserves
+directly instead via System repurchases.
+    Federal funds, which averaged 6.02 pct on Friday, opened at
+6-1/8 pct and traded between there and 6-1/16 pct. Funds are
+under upward pressure from settlement of recently sold two-year
+notes and from a Treasury tax and loan call on banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12659" NEWID="476">
+<DATE> 2-MAR-1987 11:04:07.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0845&#31;reute
+u f BC-REUTER-DEALING-SERVIC   03-02 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER DEALING SERVICE INTRODUCED IN CHINA</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Reuters Holdings Plc &lt;RTRS.L> said it had
+its first subscriber installation in China of its foreign
+exchange dealing service.
+    The subscriber is the banking department of the China
+International Trust and Investment Corp's (CITIC) head office
+in Beijing.
+    The service is also due to be connected soon at the Bank of
+China's new headquarters in Beijing, Reuters said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12660" NEWID="477">
+<DATE> 2-MAR-1987 11:08:38.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0878&#31;reute
+r f BC-CAMBRIDGE-MEDICAL-&lt;CM   03-02 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMBRIDGE MEDICAL &lt;CMTC> IN DEAL ON AIDS TEST</TITLE>
+<DATELINE>    BILLERICA, Mass., March 2 - </DATELINE><BODY>Cambridge Medical Technology
+corp said it has signed a letter of intent with Panbaxy
+Laboratories to jointly make a new AIDS test.
+    The company said it will have the exclusive right to market
+the product worldwide.  The new test will be used to detect
+specific viral antigens in serum and whole blood samples.
+    It said it hopes to design a simplified test for home use.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12661" NEWID="478">
+<DATE> 2-MAR-1987 11:09:06.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0882&#31;reute
+r f BC-FOUR-SEASONS-BUYING-M   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOUR SEASONS BUYING MARRIOTT &lt;MHS> HOTEL</TITLE>
+<DATELINE>    TORONTO, March 2 - </DATELINE><BODY>&lt;Four Seasons Hotels Inc> and VMS Realty
+Partners said they agreed to acquire the Santa Barbara Biltmore
+Hotel in California from Marriott Corp, for undisclosed terms.
+    Closing was expected by March 31, they added.
+    The companies said they would jointly own the hotel and
+rename it the Four Seasons Biltmore at Santa Barbara. They said
+they would spend more than 13 mln U.S. dlrs "to enhance the
+Biltmore's position as one of the finest resort hotels in North
+America." Chicago-based VMS Realty is a real estate and
+development firm.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12662" NEWID="479">
+<DATE> 2-MAR-1987 11:09:13.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0883&#31;reute
+r f BC-QUAKER-OATS-&lt;OAT>-FIL   03-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUAKER OATS &lt;OAT> FILES SHELF REGISTRATION</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>Quaker Oats Co said it filed a shelf
+registration with the Securities and Exchange Commission
+covering up to 250 mln dlrs in debt securities.
+    The company said it may offer the securites in one or more
+issues, from time to time, over the next two years.
+    Proceeds will be used to repay short term debt issued in
+connection with Quaker Oats' recent acquisitions and for other
+corporate purposes, it said.
+    Underwriters may include Salomon Brothers Inc and Goldman,
+Sachs and Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12663" NEWID="480">
+<DATE> 2-MAR-1987 11:09:35.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0887&#31;reute
+u f BC-STONE-&lt;STO>-SPLITS-ST   03-02 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STONE &lt;STO> SPLITS STOCK, RAISES PAYOUT</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>Stone Container Corp said it is
+splitting its common stock 2-for-1 and increasing its dividend
+33-1/3 pct.
+    The dividend of 20 cts a share, an increase of five cts
+over the prior 15 cts a share on pre-split shares, is payable
+June 12 to holders of record May 22.
+    The stock split also is payable June 12 to holders of
+record May 22.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12664" NEWID="481">
+<DATE> 2-MAR-1987 11:10:22.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0891&#31;reute
+u f BC-TEMPLE-INLAND/INT'L-P   03-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEMPLE INLAND/INT'L PAPER UP ON RAISED OPINION</TITLE>
+<DATELINE>    NEW YORK, MARCH 2 - </DATELINE><BODY>Shares of Temple Inland Inc &lt;TIN> and
+International Paper Co &lt;IP> rose sharply this morning following
+a recommendation by Prudential Bache Securities, traders said.
+    Temple Inland jumped 2-7/8 to 73 and International Paper 
+1-1/4 to 91-1/4.
+    Prudential Bache analyst Mark Rogers was not available for
+comment. Traders said he raised his recommendation of Temple
+Inland to a "buy" to support his earnings outlook of 5.85 dlrs
+a share in 1987 and nine dlrs a share in 1988. The company
+earned 3.30 dlrs a share in 1986.
+    Traders also said that Rogers reiterated a recommendation
+of International Paper, another forest products company that
+scored large gains in January as the dollar floundered. Rogers
+expects the company to earn 7.50 dlrs a share in 1987 and 10
+dlrs a share in 1988. Last year the company earned 5.28 dlrs a
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12665" NEWID="482">
+<DATE> 2-MAR-1987 11:10:36.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0893&#31;reute
+r f BC-PRESIDENTIAL-AIR-&lt;PAI   03-02 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDENTIAL AIR &lt;PAIR> TO START NEW SERVICE</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Presidential Airways Inc said it will
+serve 12 cities when it starts operating Continental Express
+under a joint marketing agreement with Texas Air Corp's &lt;TEX>
+Continental Airlines on March 23.
+    From its base at Dulles Airport in Washington, Presidential
+will serve Albany, N.Y., Birmingham and Huntsville in Alabama,
+Columbus, Ohio, Daytona Beach, Melbourne and Sarasota, all in
+Florida, Indianapolis, New York's Kennedy Airport,
+Philadelphia, Portland, Me., and Savannah, Ga.
+    Under the agreement, Presidential will continue as a
+separate company but its mileage plan and other services will
+be combined with those of Continental Airlines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12666" NEWID="483">
+<DATE> 2-MAR-1987 11:10:41.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0894&#31;reute
+r f BC-S-K-I-LTD-&lt;SKII>-2ND   03-02 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S-K-I LTD &lt;SKII> 2ND QTR JAN 25 NET</TITLE>
+<DATELINE>    KILLINGTON, Vt., March 2 -
+    </DATELINE><BODY>Shr 81 cts vs 57 cts
+    Net 3,660,273 vs 2,437,914
+    Rev 28.5 mln vs 23.1 mln
+    Six months
+    Shr 29 cts vs 12 cts
+    Net 1,325,755 vs 483,559
+    Rev 31.7 mln vs 26.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12667" NEWID="484">
+<DATE> 2-MAR-1987 11:10:45.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0895&#31;reute
+d f BC-KAPOK-CORP-&lt;KPK>-YEAR   03-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAPOK CORP &lt;KPK> YEAR SEPT 30 LOSS</TITLE>
+<DATELINE>    CLEARWATER, Fla., March 2 -
+    </DATELINE><BODY>Shr loss 20 cts vs profit 96 cts
+    Net loss 499,000 vs profit 2,369,000
+    Revs 11.5 mln vs 10.3 mln
+    NOTE: Prior year net includes gain on sale of property of
+4,557,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12668" NEWID="485">
+<DATE> 2-MAR-1987 11:17:05.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0921&#31;reute
+u f BC-COUPON-REDUCED-ON-BES   03-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUPON REDUCED ON BEST DENKI WARRANT BOND</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The coupon on the 70 mln dlr equity
+warrant eurobond for Best Denki Co Ltd has been set at three
+pct compared with the indicated 3-1/8 pct, lead manager Nikko
+Securities Co (Europe) Ltd said.
+    The exercise price was set 1,640 yen per share,
+representing a premium of 2-1/2 pct over today's closing price
+of 1,600 yen. The foreign exchange rate was set at 154.40 yen
+to the U.S. Dollar.
+    The five-year deal is priced at par.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12669" NEWID="486">
+<DATE> 2-MAR-1987 11:17:27.95</DATE>
+<TOPICS><D>oilseed</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0922&#31;reute
+u f BC-CARGILL-U.K.-STRIKE-T   03-02 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARGILL U.K. STRIKE TALKS POSTPONED</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Talks due today between management and
+unions to try to end the strike at Cargill U.K. Ltd's Seaforth
+oilseed crushing plant have been rescheduled for Thursday, a
+company spokesman said.
+    Oilseed processing at the plant has been halted since
+December 19 when mill workers walked out in protest at new
+contract manning levels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12670" NEWID="487">
+<DATE> 2-MAR-1987 11:19:06.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0929&#31;reute
+u f BC-LOTUS-&lt;LOTS>-INTRODUC   03-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOTUS &lt;LOTS> INTRODUCES NEW SOFTWARE</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 2 - </DATELINE><BODY>Lotus Development Corp said it
+has unveiled a new software product, named Galaxy, to
+complement the newly introduced Apple Computer Inc &lt;AAPL>
+Macintosh II and Macintosh SE.
+    Lotus said Galaxy will be formally introduced over the
+summer.
+    Lotus said Galaxy will include Command language and
+dynamically linked modules, unlike any other software product
+currently available for the Macintosh product family, which
+enables the user to execute a series of commands with a single
+learned keystroke.
+                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12671" NEWID="488">
+<DATE> 2-MAR-1987 11:19:44.98</DATE>
+<TOPICS><D>gold</D><D>silver</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0934&#31;reute
+r f BC-AMAX-&lt;AMX>-IN-GOLD,-S   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMAX &lt;AMX> IN GOLD, SILVER FIND</TITLE>
+<DATELINE>    GREENWICH, March 2 - </DATELINE><BODY>AMAX Incx said it has identified
+additional gold and silver ore reserves at its AMAX Sleeper
+Mine near Winnemucca, Nev..
+    It said as a result of recent drilling, reserves at thhe
+mine are now estimated at 2,470,000 short tons of ore grading
+0.24 ounce of gold and 0.50 ounce of silver per ton that is
+treatable by conventional milling techniques.
+    AMAX said additional reserves amenable to heap leaching are
+estimated at 38.3 mln tons averaging 0.025 ounce gold and 0.24
+ounce silver per ton.  Further drilling is being conducted, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12672" NEWID="489">
+<DATE> 2-MAR-1987 11:20:05.52</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0937&#31;reute
+d f BC-STUDY-GROUP-URGES-INC   03-02 0156</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STUDY GROUP URGES INCREASED U.S. OIL RESERVES</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>A study group said the United States
+should increase its strategic petroleum reserve to one mln
+barrels as one way to deal with the present and future impact
+of low oil prices on the domestic oil industry.
+    U.S. policy now is to raise the strategic reserve to 750
+mln barrels, from its present 500 mln, to help protect the
+economy from an overseas embargo or a sharp price rise.
+    The Aspen Institute for Humanistic Studies, a private
+group, also called for new research for oil exploration and
+development techniques.
+    It predicted prices would remain at about 15-18 dlrs a
+barrel for several years and then rise to the mid 20s, with
+imports at about 30 pct of U.S. consumption.
+    It said instead that such moves as increasing oil reserves
+and more exploration and development research would help to
+guard against or mitigate the risks of increased imports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12673" NEWID="490">
+<DATE> 2-MAR-1987 11:20:13.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0938&#31;reute
+d f BC-K-TRON-INTERNATIONAL   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K-TRON INTERNATIONAL INC &lt;KTII> 4TH QTR NET</TITLE>
+<DATELINE>    PITMAN, N.J., March 2 -
+    </DATELINE><BODY>Oper shr profit 36 cts vs loss 1.48 dlrs
+    Oper net profit 1,353,000 vs loss 5,551,000
+    Revs 11.3 mln vs 8,142,000
+    Year
+    Oper shr profit 31 cts vs loss 1.58 dlrs
+    Oper net profit 1,165,000 vs loss 5,919,000
+    Revs 38.0 mln vs 31.6 mln
+    NOTE: Net includes pretax unusual gain 64,000 dlrs vs loss
+4,744,000 dlrs in quarter and losses 3,0077,000 dlrs vs
+4,744,000 dlrs in year.  1986 items include settlement of
+patent suit and provision for investment writeoff and 1985 item
+provision for loss on sale of scale business.
+    1986 net both periods excludes 400,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12674" NEWID="491">
+<DATE> 2-MAR-1987 11:20:39.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0940&#31;reute
+d f BC-FORD-&lt;F>-INCREASES-2N   03-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> INCREASES 2ND QTR OUTPUT PLANS -REPORT</TITLE>
+<DATELINE>    DETROIT, March 2 - </DATELINE><BODY>Ford Motor Co has increased its U.S.
+production schedule for the second quarter by 52,000 cars and
+32,000 trucks from previous plans, the trade paper Ward's
+Automotive Reports said.
+    The paper, which tracks industry production, said Ford
+plans to build 485,000 cars in the April-June period, compared
+with 497,000 a year ago.
+    Ford's new production schedule represents a 12 pct increase
+from previous production plans for cars and 10 pct for trucks,
+Ward's said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12675" NEWID="492">
+<DATE> 2-MAR-1987 11:20:53.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0941&#31;reute
+r f BC-FNMA-&lt;FNM>-ARRANGES-M   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FNMA &lt;FNM> ARRANGES MORTGAGE SECURITIES SWAP</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The Federal National Mortgage
+Association said it arranged a swap of 250-350 mln dlrs in
+stripped mortgage-backed securities with Shearson Lehman
+Brothers Inc.
+    The exact amount of the swap will be determined later, it
+said. Fannie Mae said the swap includes 15-year mortgages for
+Fannie Mae stripped mortgage-back securities that bear a nine
+pct coupon.
+    The stripped securities consist of two classes. One
+receives all the principal payments from the underlying pool of
+mortgages and the other receives all the interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12676" NEWID="493">
+<DATE> 2-MAR-1987 11:21:31.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0943&#31;reute
+r f BC-MCI-&lt;MCIC>-GETS-PENNE   03-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCI &lt;MCIC> GETS PENNEY &lt;JCP> CONTRACT</TITLE>
+<DATELINE>    RYE BROOK, N.Y., MArch 2 - </DATELINE><BODY>MCI Communications Corp said it
+has received a contract to provide telecommunications services
+to J.C. Penney Co Inc to accomodate much of Penney's nationwide
+vboice and information transfer requirements, via a privatge
+satellite network.
+    It said video teleconferencing will be provided at five
+locations, data will be transmitted among seven locations and
+voice service will be provided to 350 locations.  The company
+said Penney's use of the services is expected top exceed four
+mln call minutes per month of voice traffic.
+    Value was not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12677" NEWID="494">
+<DATE> 2-MAR-1987 11:21:58.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0946&#31;reute
+d f BC-PRESIDENTIAL-REALTY-C   03-02 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDENTIAL REALTY CORP &lt;PDO> ANNUAL NET</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., March 2 -
+    </DATELINE><BODY>Shr 1.65 dlrs vs 1.50 dlrs
+    Net 5,370,000 vs 4,901,000
+    Rev 8.4 mln vs 7.8 mln
+    NOTE: 1986 net gain from property investments 717,000 dlrs,
+or 22 cts per share, vs 721,000 dlrs, or 22 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12678" NEWID="495">
+<DATE> 2-MAR-1987 11:23:10.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0954&#31;reute
+d f BC-FORD-INCREASES-2ND-QT   03-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD INCREASES 2ND QTR OUTPUT PLANS, REPORT SAYS</TITLE>
+<DATELINE>    DETROIT, March 2 - </DATELINE><BODY>Ford Motor Co has increased its U.S.
+production schedule for the second quarter by 52,000 cars and
+32,000 trucks from previous plans, the trade paper Ward's
+Automotive Reports said.
+    The paper, which tracks industry production, said Ford
+plans to build 485,000 cars in the April-June period, compared
+with 497,000 a year ago.
+    Ford's new production schedule represents a 12 pct increase
+from previous production plans for cars and 10 pct for trucks,
+Ward's said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12679" NEWID="496">
+<DATE> 2-MAR-1987 11:23:31.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0955&#31;reute
+u f BC-VIACOM   03-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REDSTONE DETAILS SWEETENED VIACOM &lt;VIA> OFFER</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Investor Sumner Redstone, who leads
+one of the two groups vying for control of Viacom International
+Inc, offered to sweeten his bid for the company by 1.50 dlrs a
+share cash and 1.50 dlrs in securities.
+    In a filing with the Securities and Exchange Commission,
+Redstone, who controls Dedham, Mass.,-based National Amusements
+Inc, a theater chain operator, offered to raise the cash
+portion of its Viacom offer to 42 dlrs a share from 40.50 dlrs.
+    Redstone also raised the face value of the preferred stock
+he is offering to 7.50 dlrs from six dlrs.
+    The Redstone offer, which is being made through Arsenal
+Holdings Inc, a National Amusements subsidiary set up for that
+purpose, which also give Viacom shareholders one-fifth of a
+share of Arsenal common stock after the takeover.
+    Viacom said earlier today it received revised takeover bids
+from Redstone and MCV Holdings Inc, a group led by Viacom
+management which is competing with Redstone for control of the
+company and already has a formal merger agreement with Viacom.
+    The company did not disclose the details of the revised
+offers, but said a special committee of its board would review
+them later today.
+    The Redstone group, which has a 19.5 pct stake in Viacom,
+and the management group, which has a 5.4 pct stake, have both
+agreed not to buy more shares of the company until a merger is
+completed, unless the purchases are part of a tender offer for
+at least half of the outstanding stock.
+    The two rivals also signed confidentiality agreements,
+which give them access to Viacom's financial records provided
+they keep the information secret.
+    In his SEC filing, Redstone, who estimated his cost of
+completing the takeover at 2.95 billion dlrs, said Bank of
+America is confident it can raise 2.275 billion dlrs.
+    Besides the financing it would raise through a bank
+syndicate, Bank of America has also agreed to provide a
+separate 25 mln dlr for the limited purpose of partial
+financing and has committed to provide another 592 mln dlrs,
+Redstone said.
+    Merrill Lynch, Pierce Fenner and Smith Inc has increased
+its underwriting commitment to 175 mln dlrs of subordinated
+financing debt for the Viacom takeover, from the 150 mln dlrs
+it agreed to underwrite earlier, Redstone said.
+    Redstone said his group would contribute more than 475 mln
+dlrs in equity toward the takeover.
+    The Redstone equity contribution to the takeover would
+consist of all of his group's 6,881,800 Viacom common shares
+and at least 118 mln dlrs cash, he said.
+    The new offer, the second sweetened deal Redstone has
+proposed in his month-long bidding war with management, also
+contains newly drawn up proposed merger documents, he said.
+    Last week, the management group submitted what it called
+its last offer for the company, valued at 3.1 mln dlrs and
+consisting of 38.50 dlrs a share cash, preferred stock valued
+at eight dlrs a share and equity in the new company. Redstone's
+previous offer had been valued at 3.2 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12680" NEWID="497">
+<DATE> 2-MAR-1987 11:23:45.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0956&#31;reute
+d f BC-MONTEDISON-CONCLUDES   03-02 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTEDISON CONCLUDES TALKS WITH ANTIBIOTICOS</TITLE>
+<DATELINE>    MILAN, March 2 - </DATELINE><BODY>Montedison Spa &lt;MONI.MI> said it has
+concluded its negotiations with Spanish pharmaceuticals company
+&lt;Antibioticos SA>.
+    A company spokesman told Reuters "We have concluded the
+talks and we are now awaiting authorization from Spanish
+authorities." He declined to comment further.
+    Earlier today the Italian company postponed a scheduled
+press conference on its talks with Antibioticos. An Italian
+press report today said Montedison has agreed to acquire
+Antibioticos for 500 billion lire.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12681" NEWID="498">
+<DATE> 2-MAR-1987 11:24:06.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0958&#31;reute
+r f BC-UTILICORP-&lt;UCU>-COMPL   03-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UTILICORP &lt;UCU> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    KANSAS CITY, March 2 - </DATELINE><BODY>UtiliCorp United Inc said it
+completed the acquisition of West Virginia Power from Dominion
+Resources for about 21 mln dlrs.
+    The sale was approved by the West Virginia Public Service
+Commission in January and became effective March one. West
+Virginia's management will continue to be responsible for
+operating the utility, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12682" NEWID="499">
+<DATE> 2-MAR-1987 11:24:11.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0959&#31;reute
+d f BC-ARMCO-&lt;AS>-CHANGES-EU   03-02 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMCO &lt;AS> CHANGES EUROPEAN MARKETING UNIT</TITLE>
+<DATELINE>    BUTLER, Pa., March 2 - </DATELINE><BODY>Armco Inc said its former European
+Steel Mill Merchandising department has become a unit of the
+parent's specialty steels division based in Butler.
+    The unit, newly named Specialty Steels-Europe is based in
+Cologne, West Germany. It will market and sell in Europe the
+division's U.S.-made products and specialty products made in
+Europe.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12683" NEWID="500">
+<DATE> 2-MAR-1987 11:25:38.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0962&#31;reute
+r f BC-FAA-FINES-DELTA-&lt;DAL>   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAA FINES DELTA &lt;DAL> 140,400 DLRS ON SAFETY</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The Federal Aviation Administration
+fined Delta Air Lines Inc 140,400 dlrs for alleged violations
+of federal air safety rules, FAA officials said.
+    The FAA had reviewed Delta safety and maintenance
+operations early last year as part of a series of special
+inspections of U.S. air carriers.
+    The Delta fine is the smallest to come out of the special
+inspections, the officials said.
+    As a result of the inspections, Eastern Air Lines was fined
+a record 9.5 mln dlrs, American Airlines was penalized 1.5 mln
+dlrs and Pan American World Airways 1.95 million dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12684" NEWID="501">
+<DATE> 2-MAR-1987 11:26:14.33</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>france</D><D>switzerland</D><D>austria</D><D>liechtenstein</D><D>usa</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0966&#31;reute
+u f BC-TRADERS-DETAIL-FRENCH   03-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADERS DETAIL FRENCH CEREAL EXPORT REQUESTS</TITLE>
+<DATELINE>    PARIS, March 2 - </DATELINE><BODY>French operators last Friday requested
+licences to export 10,500 tonnes of free market maize, 11,950
+tonnes of free market barley and 13,000 of soft wheat flour to
+non-EC countries, at prefixed daily (droit commun) rebates,
+French trade sources said.
+    The latest requests for the maize were for export to
+Switzerland, Austria and Lichtenstein at a maximum daily rebate
+prefixed last Friday at 141 Ecus a tonne against a previous 20
+Ecu daily rebate.
+    The special daily rebate for maize was set in the context
+of a Commission commitment to grant this season rebates for the
+export of 500,000 tonnes of French maize to non-EC countries,
+in compensation for concessions to the U.S. in the recent
+dispute over grain sales to Spain.
+    If the latest French requests are accepted as expected,
+this will bring the total of French maize exported in this
+context to 25,500 tonnes.
+    The Commission last Thursday granted weekly rebates for the
+sale of 15,000 tonnes of free market maize to non-EC countries.
+    Requests for barley were for export to Switzerland, Austria
+and Lichtenstein, Ceuta and Melilla at an unchanged pre-fixed
+restitution of 125 Ecus a tonne, while requests for soft wheat
+flour were for export to various non-EC countries at an
+unchanged 178 Ecus a tonne.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12685" NEWID="502">
+<DATE> 2-MAR-1987 11:28:26.03</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0976&#31;reute
+d f BC-STUDY-GROUP-URGES-INC   03-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STUDY GROUP URGES INCREASED U.S. OIL RESERVES</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>A study group said the United States
+should increase its strategic petroleum reserve to one mln
+barrels as one way to deal with the present and future impact
+of low oil prices on the domestic oil industry.
+    U.S. policy now is to raise the strategic reserve to 750
+mln barrels, from its present 500 mln, to help protect the
+economy from an overseas embargo or a sharp price rise.
+    The Aspen Institute for Humanistic Studies, a private
+group, also called for new research for oil exploration and
+development techniques.
+    It predicted prices would remain at about 15-18 dlrs a
+barrel for several years and then rise to the mid 20s, with
+imports at about 30 pct of U.S. consumption.
+    The study cited two basic policy paths for the nation: to
+protect the U.S. industry through an import fee or other such
+device or to accept the full economic benefits of cheap oil.
+    But the group did not strongly back either option, saying
+there were benefits and drawbacks to both.
+    It said instead that such moves as increasing oil reserves
+and more exploration and development research would help to
+guard against or mitigate the risks of increased imports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12686" NEWID="503">
+<DATE> 2-MAR-1987 11:28:55.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0978&#31;reute
+r f BC-NCR-CORP-&lt;NCR>-UNIT-S   03-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NCR CORP &lt;NCR> UNIT SIGNS DISTRIBUTION PACT</TITLE>
+<DATELINE>    DAYTON, Ohio, March 2 - </DATELINE><BODY>NCR Corp's Personal Computer
+division said it signed an agreement to distrubute its personal
+computer products to 544 &lt;Computerland Corp> stores in the U.S.
+    The company said the agreement covers its entire PC line,
+which will be sold by Computerland franchises, Computerland
+Stores Inc, and for major corporate bids, through the
+Computerland National Accounts Program.
+    Computerland said it is planning a direct mail campaign and
+other publicity on its private satellite network to promote the
+NCR line.
+    The primary products to be sold by Computerland stores
+include the PC8 AT-compatible unit, the PC6 dual-speed model
+and the 2114/PC Retail Management System, according to NCR.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12687" NEWID="504">
+<DATE> 2-MAR-1987 11:29:26.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0981&#31;reute
+r f BC-CARBIDE-&lt;UK>-LOOKS-TO   03-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARBIDE &lt;UK> LOOKS TO ACQUISITIONS FOR GROWTH</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Union Carbide Corp is looking to
+acquisitions and joint ventures to aid its chemicals and
+plastics growth, according the H.W. Lichtenberger, president of
+Chemicals and Plastics.
+    Describing this as a major departure in the company's
+approach to commercial development, he told the annual new
+business forum of the Commercial Development Association "We
+are looking to acquisitions and joint ventures when they look
+like the fastest and most promising routes to the growth
+markets we've identified."
+    Not very long ago Union Carbide had the attitude "that if
+we couldn't do it ourselves, it wasn't worth doing. Or, if it
+was worth doing, we had to go it alone," Lichtenberger
+explained.
+    He said "there are times when exploiting a profitable
+market is done best with a partner. Nor do we see any need to
+plow resources into a technology we may not have if we can link
+up profitably with someone who is already there."
+    He said Carbide has extended its catalyst business that way
+and is now extending its specialty chemicals business in the
+same way.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12688" NEWID="505">
+<DATE> 2-MAR-1987 11:30:19.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0985&#31;reute
+u f BC-CORRECTED---BANKAMERI   03-02 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - BANKAMERICA NEGOTIATING SALE OF UNITS</TITLE>
+<DATELINE>    FRANKFURT, February 27 - </DATELINE><BODY>Bank of America NT and SA's
+&lt;BAC.N> West German branch said it is negotiating the sale of
+Bankhaus Centrale Credit AG, a small local West German bank it
+acquired in 1965, and of its West German Visa credit card
+operation.
+    Michael Seibel, Bank of America vice-president and regional
+manager, said the negotiations were proceeding well. He
+declined to give further details.
+    Bank of America's West German branch lost some 32 mln marks
+in 1985. The result includes profit and loss transfers from
+Bankhaus Centrale Credit and the Visa organisation. The sale of
+the units is part of the bank's worldwide restructuring plan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12689" NEWID="506">
+<DATE> 2-MAR-1987 11:30:44.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0987&#31;reute
+r f BC-&lt;FRANKLIN-GOLD-FUND>   03-02 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN GOLD FUND> CUTS DIVIDEND</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Semi div 13 cts vs 18 cts prior
+    Pay March 13
+    Record March Two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12690" NEWID="507">
+<DATE> 2-MAR-1987 11:32:35.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0000&#31;reute
+r f BC-COLUMBIA-GAS-&lt;CG>-FOR   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLUMBIA GAS &lt;CG> FORMS ERIE PIPELINE SUBIDIARY</TITLE>
+<DATELINE>    WILMINGTON, Del., March 2 - </DATELINE><BODY>Columbia Gas System Inc said it
+has formed Columbia Erie Pipeline Corp as a subsidiary to
+participate with Coastal Corp's &lt;CGP> ANR Pipeline Co in
+construction and operation of the Erie Pipeline System.
+    As previously announced, Columbia Gas and ANR Pipeline
+signed a letter of intent to form a partnership to construct
+and operate the Erie system, which will run from ANR's
+facilities in Defiance County, Ohio, to Clinton, County, Pa.
+    Columbia said specific terms of participation are to be
+spelled out in a partnership agreement to be negotiated within
+the next 60 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12691" NEWID="508">
+<DATE> 2-MAR-1987 11:33:17.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0004&#31;reute
+s f BC-&lt;FRANKLIN-CALIFORNIA   03-02 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN CALIFORNIA TAX-FREE INCOME FUND>PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 4.5 cts vs 4.5 cts prior
+    Pay March 13
+    Record March Two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12692" NEWID="509">
+<DATE> 2-MAR-1987 11:34:52.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0014&#31;reute
+s f BC-&lt;FRANKLIN-AGE-HIGH-IN   03-02 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN AGE HIGH INCOME FUND> SETS PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 3.6 cts vs 3.6 cts prior
+    Pay March 13
+    Record March Two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12693" NEWID="510">
+<DATE> 2-MAR-1987 11:36:19.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0022&#31;reute
+r f BC-R.J.R.-NABISCO-UNIT-F   03-02 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>R.J.R. NABISCO UNIT FORMS OVERSEEING COMMITTEE</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., March 2 - </DATELINE><BODY>R.J. Reynolds Tobacco Co, a
+unit of R.J.R. Nabisco Inc &lt;RJR>, said it has formed an
+executive management committee to oversee the company's
+worldwide tobacco operations.
+    Reynolds Tobacco said the committee's members will be
+senior managers of Reynolds Tobacco Co, R.J. Reynolds Tobacco
+USA, and R.J. Reynolds International Inc.
+    R.J.R. Nabisco is reportedly attempting to form a master
+limited partnership out of its tobacco unit, part of which will
+be sold to the public.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12694" NEWID="511">
+<DATE> 2-MAR-1987 11:37:24.38</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E
+&#22;&#22;&#1;f0027&#31;reute
+f f BC-******PETRO-CANADA-CU   03-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PETRO-CANADA CUT CRUDE PRICES BY 1.43 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12695" NEWID="512">
+<DATE> 2-MAR-1987 11:38:51.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0036&#31;reute
+s f BC-&lt;FRANKLIN-FEDERAL-TAX   03-02 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN FEDERAL TAX-FREE INCOME FUND> PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 7.7 cts vs 7.7 cts prior
+    Pay March 13
+    Record March Two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12696" NEWID="513">
+<DATE> 2-MAR-1987 11:38:56.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0037&#31;reute
+s f BC-&lt;FRANKLIN-NEW-YORK-TA   03-02 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN NEW YORK TAX-FREE INCOME FUND> PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 7.3 cts vs 7.3 cts prior
+    Pay March 13
+    Record March Two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12697" NEWID="514">
+<DATE> 2-MAR-1987 11:39:00.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0038&#31;reute
+s f BC-&lt;FRANKLIN-U.S.-GOVERN   03-02 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN U.S. GOVERNMENT SECURITIES FUND>PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div six cts vs six cts prior
+    Pay March 13
+    Record March Two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12698" NEWID="515">
+<DATE> 2-MAR-1987 11:40:25.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f0044&#31;reute
+u f BC-/GM-&lt;GM>-UNIT-TO-OFFE   03-02 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> UNIT TO OFFER PRE-APPROVED CREDIT</TITLE>
+<DATELINE>    DETROIT, March 2 - </DATELINE><BODY>General Motors Corp's GMAC Financial
+Services said it plans to offer 25 billion dlrs in pre-approved
+credit to more than two mln "preferred customers" in a
+nationwide direct mail campaign.
+    The GM unit said the program is the largest automotive
+credit offer of its kind in history.
+    GMAC Financial Services said the mailing will be completed
+by early March. Selected current GMAC customers will receive
+offers of pre-approved credit equal to the cash selling price
+of the vehicles they are currently financing, rounded up to the
+next 1,000 dlrs.
+    Within this group, Buick owners will also receive a special
+discount of 300 dlrs that would be provided by GM's Buick motor
+division if they accept GMAC's offer to finance or lease a new
+Buick.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12699" NEWID="516">
+<DATE> 2-MAR-1987 11:40:59.07</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0045&#31;reute
+u f BC-CANADA-RULING-ON-U.S.   03-02 0147</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA RULING ON U.S. CORN INJURY DUE THIS WEEK</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The Canadian government is expected
+to announce later this week its final ruling whether U.S. corn
+exports to Canada have injured Ontario corn growers, U.S.
+government and farm group representatives said.
+    The deadline for a final determination is March 7.
+    U.S. officials said they are encouraged by the outcome in a
+similar case covering European pasta imports. In that case,
+Canada decided pasta imports, which take about ten pct of the
+Canadian market, did not injure domestic producers. U.S. corn
+exports represent only about five pct of the Canadian market.
+    Canada slapped a 1.05 dlrs per bushel duty on U.S. corn
+imports in November 1986, but reduced the duty to 85 cts last
+month because the Canadian government said U.S. subsidies to 
+corn producers were less than Canada earlier estimated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12700" NEWID="517">
+<DATE> 2-MAR-1987 11:41:35.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0048&#31;reute
+s f BC-FIRST-MISSISSIPPI-COR   03-02 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST MISSISSIPPI CORP &lt;FRM> SETS PAYOUT</TITLE>
+<DATELINE>    TAMPA, Fla., March 2 -
+    </DATELINE><BODY>Qtly div six cts vs six cts prior
+    Pay April 28
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12701" NEWID="518">
+<DATE> 2-MAR-1987 11:41:56.31</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0050&#31;reute
+u f BC-ROTTERDAM-PORT-UNION   03-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTTERDAM PORT UNION AND EMPLOYERS TO MEET</TITLE>
+<DATELINE>    ROTTERDAM, March 2 - </DATELINE><BODY>Dutch port and transport union, FNV,
+agreed to an employers' request to reconvene abandoned peace
+talks tonight to try to end strikes that have disrupted
+Rotterdam's general cargo sector for the past six weeks, a
+union spokesman said.
+    Talks broke down Thursday when the union walked out after
+employers tabled their final offer to end the strikes which
+started January 19 in protest at planned redundancies of 800
+from the sector's 4,000 workforce, starting with 350 this year.
+    The employers' invitation to restart the talks comes on the
+day a deadline set by Minister of Social Affairs Louw de Graaf
+for a resolution of the dispute expires.
+    De Graaf said if the dispute had not ended by today he
+would withdraw the 10 mln guilder annual labour subsidy to the
+sector.
+    No comment was immediately available from the employers'
+organization.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12702" NEWID="519">
+<DATE> 2-MAR-1987 11:42:05.20</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0051&#31;reute
+f f BC-******FED-SETS-1.5-BI   03-02 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12703" NEWID="520">
+<DATE> 2-MAR-1987 11:42:14.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0052&#31;reute
+u f BC-AIRGAS-&lt;AGA>-DECLINES   03-02 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRGAS &lt;AGA> DECLINES TO COMMENT ON STOCK MOVES</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>The New York Stock Exchange said Airgas
+Inc declined to comment on its stock activity after a request
+for an explanation by the exchange.
+    The company's stock was up 1-1/8 points to 11 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12704" NEWID="521">
+<DATE> 2-MAR-1987 11:43:22.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0059&#31;reute
+s f BC-JIM-WALTER-CORP-&lt;JWC>   03-02 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JIM WALTER CORP &lt;JWC> SETS PAYOUT</TITLE>
+<DATELINE>    TAMPA, Fla., March 2 -
+    </DATELINE><BODY>Qtly div 35 cts vs 35 cts prior
+    Pay April One
+    Record March 14
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12705" NEWID="522">
+<DATE> 2-MAR-1987 11:44:41.93</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0060&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange 1.5 billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at 6-3/16 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12706" NEWID="523">
+<DATE> 2-MAR-1987 11:49:17.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0073&#31;reute
+h f BC-SONY-TO-EXPAND-U.K.-T   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONY TO EXPAND U.K. TELEVISION OUTPUT</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Sony (U.K.) Ltd said it would be doubling
+capacity at its Bridgend, Wales, television and components
+factory over the next three years in a 30 mln stg expansion.
+    The expansion, backed by Welsh office grants, would make
+Bridgend Sony's biggest tv manufacturing plant in Europe with
+output of about 500,000 tv sets per year, a spokesman said.
+    The move will add 300 jobs at Bridgend, bringing the total
+workforce to 1,500 at the end of the three-year period.
+    The expansion is part of a wider move by Sony Corp &lt;SNE.T>
+to locate more production capacity nearer its markets, a
+spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12707" NEWID="524">
+<DATE> 2-MAR-1987 11:52:24.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0079&#31;reute
+d f BC-JAPAN'S-NTT-FORECASTS   03-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S NTT FORECASTS PROFITS FALL IN 1987/88</TITLE>
+<DATELINE>    TOKYO, March 2 - </DATELINE><BODY>&lt;Nippon Telegraph and Telephone Corp>
+(NTT) expects its profits to fall to 328 billion yen in the
+year ending March 31, 1988 from a projected 348 billion this
+year, the company said.
+    Total sales for the same period are expected to rise to
+5,506 billion yen from a projected 5,328 billion this year, NTT
+said in a business operations plan submitted to the Post and
+Telecommunications Ministry.
+    NTT said it plans to make capital investments of 1,770
+billion yen in 1987/88, including 109 billion for research and
+development, as against a total of 1,600 billion this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12708" NEWID="525">
+<DATE> 2-MAR-1987 11:53:16.43</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0083&#31;reute
+u f BC-EC-COMMISSION-GIVEN-P   03-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION GIVEN PLAN TO SAVE STEEL INDUSTRY</TITLE>
+<AUTHOR>    By Gerrard Raven, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, March 2 - </DATELINE><BODY>European Community steelmakers
+presented the Executive Commission with a controversial plan
+for the future of the industry which diplomats say it may be
+forced reluctantly to accept.
+    Under the plan steel output would remain subject to
+restrictive quotas and imports would be firmly controlled for
+years to come while steel firms undertook a massive
+slimming-down operation to adjust capacity to lower demand.
+    Industry Commissioner Karl-Heinz Narjes has proposed the
+ending of the quota system by December 1988.
+    He has proposed a return to the free market, which under EC
+law is supposed to exist except in times of "manifest crisis."
+    But diplomats said some ministers who meet to discuss this
+idea on March 19 will argue that steel firms are in crisis in
+their countries, with orders falling as customers switch to
+alternative products and accounts firmly in the red.
+    Ministers from the EC's major steel producing countries are
+likely to shy away from Narjes' proposals and could back the
+industry's own plan instead, in the hope of minimising the
+political impact of plant closures, they said.
+    Industry sources said the plan presented to Narjes by the
+EC steelmakers' lobby group Eurofer would retain the quota
+production system at least until the end of 1990.
+    Eurofer said in a statement consultants working for it
+identified scope for closing plants on a "voluntary" basis to
+reduce capacity by 15.26 mln tonnes a year.
+    Cuts were still insufficient in one production area, that
+of hot rolled coils, and further talks were needed.
+    Eurofer added the industry would need the support of the
+Commission and governments in carrying out a closure program,
+particularly with social costs such as redundancy payments.
+    The EC steel industry has already shed 240,000 jobs this
+decade while reducing annual capacity by 31 mln tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12709" NEWID="526">
+<DATE> 2-MAR-1987 11:53:24.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0084&#31;reute
+u f BC-LONDON-STOCK-EXCHANGE   03-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON STOCK EXCHANGE TO CLOSE TRADING FLOOR</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The London Stock Exchange said its ruling
+council has decided to close the trading floor for government
+bonds (gilts) and equities in due course because most of the
+business is now done between brokers' offices.
+    A trading floor for traded options will be retained.
+    Dwindling activity on the exchange floor reflects the
+introduction of the new dealing system, known as SEAQ, which
+was part of the Big Bang restructuring of the market last
+October. Since then, brokers and market-makers have been
+dealing on the basis of competing share quotes displayed on
+screens.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12710" NEWID="527">
+<DATE> 2-MAR-1987 11:53:38.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0086&#31;reute
+w f BC-EAGLE-TELEPHONICS-&lt;EG   03-02 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAGLE TELEPHONICS &lt;EGLA> SELLS TELEPHONES</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 2 - </DATELINE><BODY>Eagle Telephonics Inc said it
+signed a two-year agreement under which Pacific Telesis Group's
+&lt;PAC> Pacific Bell unit will buy its Eagle line of electronic
+key telephone systems for internal use.
+    Terms of the contract were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12711" NEWID="528">
+<DATE> 2-MAR-1987 11:58:00.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0104&#31;reute
+d f BC-DURO-TEST-CORP-&lt;DUR>   03-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DURO-TEST CORP &lt;DUR> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    NORTH BERGEN, N.J., March 2 - 
+    </DATELINE><BODY>Shr 10 cts vs 14 cts
+    Net 531,896 vs 727,781
+    Revs 16.0 mln 16.8 mln
+    Six mths
+    Shr 30 cts vs 39 cts
+    Net 1,532,431 vs 2,000,732
+    Revs 32.7 mln vs 34.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12712" NEWID="529">
+<DATE> 2-MAR-1987 11:58:12.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0105&#31;reute
+s f BC-&lt;FRANKLIN-UTILITIES-F   03-02 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN UTILITIES FUND> SETS PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Qtly div 14 cts vs 14 cts prior
+    Pay March 13
+    Record March Two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12713" NEWID="530">
+<DATE> 2-MAR-1987 11:58:29.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0106&#31;reute
+u f BC-GELCO-CORP-&lt;GEL>-2ND   03-02 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GELCO CORP &lt;GEL> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    EDEN PRAIRIE, MINN., March 2 -
+    </DATELINE><BODY>Shr 67 cts vs 23 cts
+    Net 5,220,000 vs 3,143,000
+    Revs 236.1 mln vs 256.2 mln
+    Avg shrs 7.8 mln vs 13.7 mln
+    Six Mths
+    Shr 85 cts vs 59 cs
+    Net 8,919,000 vs 8,158,000
+    Revs 483.8 mln vs 515.5 mln
+    Avg shrs 10.4 mln vs 13.7 mln
+    NOTE: Fiscal 1987 second quarter and first half earnings
+include a gain of 3.4 mln dlrs and exclude preferred dividend
+requirements of five mln dlrs in the quarter and 5.6 mln dlrs
+in the first half.
+    Fiscal 1986 net reduced by currency losses equal to six cts
+a share in the second quarter and equal to nine cts in the six
+months.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12714" NEWID="531">
+<DATE> 2-MAR-1987 11:59:18.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0112&#31;reute
+r f BC-INTERNCHANGE-FINANCIA   03-02 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNCHANGE FINANCIAL SERVICES &lt;ISBJ> PAYOUT UP</TITLE>
+<DATELINE>    SADDLE BROOK, N.J., March 2 -
+    </DATELINE><BODY>Qtly div 10 cts vs 8-1/3 cts prior
+    Pay April 21
+    Record March 20
+    NOTE: Interchange Financial Services Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12715" NEWID="532">
+<DATE> 2-MAR-1987 11:59:34.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0114&#31;reute
+r f BC-KAPOK-CORP-&lt;KPK>-IN-T   03-02 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAPOK CORP &lt;KPK> IN TECHNICAL DEFAULT</TITLE>
+<DATELINE>    CLEARWATER, Fla., March 2 - </DATELINE><BODY>Kapok Corp said it is in
+techical default of its loans from Southeast Banking Corp &lt;STB>
+and Murray Steinfeld but is negotiating with the lenders.
+    It said neither has declared the loans due.
+    The company said it has agreed to sell the Peter Pan
+Restaurant in Urbana, Md., for 1,100,000 dlrs, or one mln dlrs
+after the payment of expenses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12716" NEWID="533">
+<DATE> 2-MAR-1987 11:59:42.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0116&#31;reute
+r f BC-NEWPORT-CORP-&lt;NESP>-2   03-02 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWPORT CORP &lt;NESP> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    FOUNTAIN VALLEY, Calif., March 2 -
+    </DATELINE><BODY>Shr 11 cts vs 13 cts
+    Net 1,037,690 vs 1,270,460
+    Sales 10.1 mln vs 9,215,836
+    Six Mths
+    Shr 25 cts vs 31 cts
+    Net 2,319,376 vs 2,930,507
+    Sales 21.2 mln vs 18.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12717" NEWID="534">
+<DATE> 2-MAR-1987 11:59:47.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0117&#31;reute
+d f BC-KAPOK-CORP-&lt;KPK>-1ST   03-02 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAPOK CORP &lt;KPK> 1ST QTR DEC 31 LOSS</TITLE>
+<DATELINE>    CLEARWATER, Fla., March 2 -
+    </DATELINE><BODY>Shr loss 14 cts vs loss 21 cts
+    Net loss 353,000 vs loss 541,000
+    Revs 2,668,000 vs 2,525,000
+    Avg shrs 2,452,3000 vs 2,552,300
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12718" NEWID="535">
+<DATE> 2-MAR-1987 11:59:53.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0118&#31;reute
+w f BC-PREFERRED-HEALTHCARE   03-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREFERRED HEALTHCARE LTD &lt;PHCC> 4TH QTR NET</TITLE>
+<DATELINE>    WILTON, Conn, March 2 - 
+    </DATELINE><BODY>Shr six cts vs four cts
+    Net 383,189 vs 241,857
+    Revs 1,506,756 vs 793,459
+    12 mths
+    Shr 24 cts vs 15 cts
+    Net 1,520,797 vs 929,017
+    Revs 5,268,486 vs 2,617,995
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12719" NEWID="536">
+<DATE> 2-MAR-1987 12:03:42.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0136&#31;reute
+s f BC-TRANZONIC-COS-&lt;TNZ>-S   03-02 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANZONIC COS &lt;TNZ> SETS QUARTERLY</TITLE>
+<DATELINE>    CLEVELAND, March 2 -
+    </DATELINE><BODY>Qtly div 11 cts vs 11 cts prior
+    Pay April 17
+    Record March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12720" NEWID="537">
+<DATE> 2-MAR-1987 12:03:50.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0137&#31;reute
+r f BC-NUEUTROGENA-&lt;NGNA>-TO   03-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUEUTROGENA &lt;NGNA> TO BUY BACK STOCK</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Neutrogena Corp said it may purchase
+up to 100,000 shares of its outstanding common stock from time
+to time in the open market to reduce dilution from the future
+issue of employee stock options.
+    The company said it currently has 9.2 mln shares
+outstanding.
+    It said the shares that may be purchased and those
+currently outstanding will be adjusted to reflect a
+three-for-two stock split effective March two.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12721" NEWID="538">
+<DATE> 2-MAR-1987 12:03:58.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0138&#31;reute
+r f BC-CRONUS-INDUSTRIES-INC   03-02 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRONUS INDUSTRIES INC &lt;CRNS> 4TH QTR LOSS</TITLE>
+<DATELINE>    DALLAS, March 2 -
+    </DATELINE><BODY>Oper Shr loss 40 cts vs loss 10 cts
+    Oper net loss 2,136,000 vs loss 467,000
+    Revs 21.9 mln vs 12.9 mln
+    12 mths
+    Oper shr loss 63 cts vs loss 30 cts
+    Oper net loss 3,499,000 vs loss 1,756,000
+    Revs 82.0 mln vs 54.5 mln
+    NOTE: Excludes income from discontinued operations of
+1,478,000 vs 952,000 for qtr, and 31.2 mln vs 6,500,000 for
+year.
+    Excludes extraordinary charge of 2,503,000 for current qtr,
+and 4,744,000 for year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12722" NEWID="539">
+<DATE> 2-MAR-1987 12:04:04.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0140&#31;reute
+d f BC-MERCURY-ENTERTAINMENT   03-02 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCURY ENTERTAINMENT CORP &lt;MCRY> YEAR NOV 30</TITLE>
+<DATELINE>    LOS ANGELES, March 2 -
+    </DATELINE><BODY>Shr loss four cts vs loss one ct
+    Net loss 413,021 vs loss 163,932
+    Revs 600,971 vs 665,800
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12723" NEWID="540">
+<DATE> 2-MAR-1987 12:08:11.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0167&#31;reute
+d f BC-CME-PLANS-RULE-CHANGE   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME PLANS RULE CHANGES TIGHTENING S/P TRADING</TITLE>
+<AUTHOR>    By Brad Schade, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>Directors of the Chicago Mercantile
+Exchange will meet Wednesday to consider a membership petition
+asking the exchange to tighten rules covering trading
+activities in the widely-popular Standard and Poor's 500 Stock
+Index futures pit, an exchange executive said.
+    The petition calls for elimination of dual trading, a legal
+practice where traders execute customer orders as well as trade
+for their own account.
+    But exchange officials noted this practice also provides an
+opportunity for a trader to engage in what is called
+"front-running", where traders enter orders for their own account
+before executing orders for their customers.
+    Leo Melamed, CME special counsel, said directors will rule
+on the petition on Wednesday, but added that a special S and P
+Advisory Committee has been studying S and P 500 futures
+trading conditions for the last six months and is expected to
+submit a complete list of recommendations within 30 days.
+    In addition to a recommendation on dual trading, Melamed
+said the special committee will also make suggestions about a
+possible automatic order entry and execution system for S and P
+500 futures and futures-options and rule changes that would
+alleviate congested conditions in the trading pit.
+    Melamed said directors are likely to approve the
+recommendations of the special committee because "most actions
+of the board are in line with committee recommendations."
+    CME senior vice president Gerald Beyer said if the board
+accepts the member's petition this week, a rule change will be
+submitted to the Commodity Futures Trading Commission for
+approval.
+    If the board does nothing, or rejects the petition request,
+a rule change must then be submitted to the exchange membership
+for a vote within 15 days, Beyer said.
+    Melamed also added that if the petition must be ruled on
+before the recommendations from the special committee are made
+"it will confuse the issue."
+    Not all traders agree on the need to eliminiate or restrict
+dual trading.
+    Although Jonathan Wolff, senior vice president at Donaldson
+Lufkin and Jenrette, noted dual trading is evident on most
+exchanges.
+    "It's a question of the integrity of the person you do
+business with," Wolff said.
+    Futures traders who act as brokers, however, maintain that
+trading for their own accounts is necessary in order to make up
+for errors they inevitably make when filling customer orders in
+chaotic futures trading pits.
+    "To have an absolute ban on dual trading makes it difficult
+for a broker to function because of his errors," said John
+Michael, vice president at First Options of Chicago.
+    "What it comes down to is the ethics of the people involved,"
+he said.
+    Furthermore, the competitive nature of futures brokerage
+makes front-running risky to a broker's livelihood, he said.
+    "If I ever discovered a broker doing it (front-running), or
+even suspected him of doing it, I would cut him off," Michael
+said.
+    An average broker in the Treasury bond futures pit, for
+instance, will fill orders for 5,000 to 10,000 contracts a day
+at 1.25 dlrs per contract, floor sources said.  Even figuring
+what is considered a typical 25 pct loss for errors such
+brokerage can be lucrative.
+    Front-running by brokers not only runs the market risk of
+an adverse price move, but also the risk of losing the
+brokerage business, Michael said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12724" NEWID="541">
+<DATE> 2-MAR-1987 12:10:44.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0182&#31;reute
+r f BC-&lt;BENGUET-CORP>-CALEND   03-02 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENGUET CORP &lt;BE> CALENDAR 1986</TITLE>
+<DATELINE>    MANILA, March 2 -
+    </DATELINE><BODY>Net income 154.7 mln pesos vs 127.5 mln
+    Operating revenues 4.42 billion vs 3.3 billion
+    Operating profit 621.2 mln vs 203.4 mln
+    Earnings per share 4.80 vs 3.95
+    NOTE: Company statement said gold operations contributed 74
+pct of consolidated earnings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12725" NEWID="542">
+<DATE> 2-MAR-1987 12:12:21.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0195&#31;reute
+d f BC-POGO-&lt;PPP>-CONSOLIDAT   03-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POGO &lt;PPP> CONSOLIDATES TWO DIVISIONS</TITLE>
+<DATELINE>    HOUSTON, March 2 - </DATELINE><BODY>Pogo Producing Co said it has
+consolidated its onshore and offshore Gulf Coast divisions into
+a Southern Division responsible for its onshore and offshore
+oil and gas exploration and development activities in the Gulf
+Coast and Gulf of Mexico areas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12726" NEWID="543">
+<DATE> 2-MAR-1987 12:13:46.82</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f0206&#31;reute
+r f BC-UNOCAL-&lt;UCL>-UNIT-CUT   03-02 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOCAL &lt;UCL> UNIT CUTS CRUDE OIL POSTED PRICES</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Unocal Corp's Union Oil Co said it
+lowered its posted prices for crude oil one to 1.50 dlrs a
+barrel in the eastern region of the U.S., effective Feb 26.
+    Union said a 1.50 dlrs cut brings its posted price for the
+U.S. benchmark grade, West Texas Intermediate, to 16 dlrs.
+Louisiana Sweet also was lowered 1.50 dlrs to 16.35 dlrs, the
+company said.
+    No changes were made in Union's posted prices for West
+Coast grades of crude oil, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12727" NEWID="544">
+<DATE> 2-MAR-1987 12:14:30.82</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0209&#31;reute
+r f BC-PANHANDLE'S-&lt;PEL>-TRU   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANHANDLE'S &lt;PEL> TRUNKLINE REDUCES GAS RATES</TITLE>
+<DATELINE>    HOUSTON, March 2 - </DATELINE><BODY>Panhandle Eastern Corp's Trunkline Gas
+Co pipeline subsidiary said it is reducing the commodity
+component of its wholesale natural gas rate four pct, effective
+immediately.
+    In a filing with the Federal Energy Regulatory Commission,
+Trunkline said, it is reducing its commodity rate -- the
+portion of the total rate based on the price of gas -- to 2.58
+dlrs per mln Btu from 2.69 dlrs per mln Btu.
+    The company said the lower rate results from a reduction in
+the average price the pipeline is paying for gas, adding this
+reflects contract reformation agreemats with producers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12728" NEWID="545">
+<DATE> 2-MAR-1987 12:18:36.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0228&#31;reute
+r f BC-AMI   03-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR GROUP HAS TALKS WITH PESCH ON AMI &lt;AMI></TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>WEDGE Group Inc, a Houston investment
+firm with a 5.5 pct stake in American Medical International
+Inc, said it has had talks with Pesch and Co, which is seeking
+control of the company.
+    In a filing with the Securities and Exchange Commission,
+WEDGE, which is owned by Issam Fares, a Lebanese citizen living
+in Switzerland, also said it discussed the possibility of
+joining with others in its own bid to seek control of AMI.
+    WEDGE stressed that it has no current plans to seek control
+of AMI, but refused to rule out a takeover try in the future.
+    WEDGE said it has had discussions with AMI management,
+Pesch, the closely held health care and investment concern
+controlled by Chicago physician LeRoy Pesch, and other AMI
+shareholders.
+    It did not specify in its SEC filing which issues --
+selling its AMI stake or joining with others in a takeover try
+-- were discussed with which group. But it said the talks did
+not produce any agreements or understandings.
+    WEDGE said it believes that "some form of restructuring of
+AMI and its business would be highly desirable and appropriate
+at this time."
+    WEDGE, which holds 4.8 mln shares of AMI common stock, said
+it plans to hold further talks with company management, Pesch
+and other shareholders.
+    Pesch last week sweetened his bid for the company to 22
+dlrs a share in cash and securties, or 1.91 billion dlrs based
+on AMI's total outstanding, from an all-cash 20 dlr a share
+bid, which the company rejected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12729" NEWID="546">
+<DATE> 2-MAR-1987 12:21:38.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0242&#31;reute
+s f BC-I.M.S.-INTERNATIONAL   03-02 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>I.M.S. INTERNATIONAL INC &lt;IMSI> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 2 -
+    </DATELINE><BODY>Qtly div four cts vs four cts prior
+    Pay March 27
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12730" NEWID="547">
+<DATE> 2-MAR-1987 12:22:01.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0245&#31;reute
+u f BC-BANNER-&lt;BNR>-COMPLETE   03-02 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANNER &lt;BNR> COMPLETES TENDER FOR REXNORD &lt;REX></TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Banner Industries Inc said 19.8 mln of
+the outstanding 20 mln shares in Rexnord Inc were tendered
+pursuant to its 26.25 dlr a share offer that closed at midnight
+EST Feb 27.
+    Together with the five mln Rexnard shares it already owns,
+the company said it now holds a 97 pct stake in the company.
+    It said the completion of the deal is subject to approval
+by Rexnard holders and to other closing conditions. It expects
+the deal to close in about 60 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12731" NEWID="548">
+<DATE> 2-MAR-1987 12:23:07.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0253&#31;reute
+s f BC-MUTUAL-OF-OMAHA-INTER   03-02 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUTUAL OF OMAHA INTEREST SHARES &lt;MUO> QTLY DIV</TITLE>
+<DATELINE>    OMAHA, Neb., March 2 - 
+    </DATELINE><BODY>Qtly div 36 cts vs 36 cts prior
+    Pay April one
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12732" NEWID="549">
+<DATE> 2-MAR-1987 12:26:00.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0262&#31;reute
+r f BC-MOBIL-&lt;MOB>-UNIT-TO-P   03-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> UNIT TO PRODUCE FOOD PACKAGING</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Mobil Corp's Mobil Chemical Co's
+subsidiary, the world's largest producer of disposable plastic
+products, said it will enter the food packaging market.
+    Mobil said it will begin making clear container food
+packaging for supermarkets and institutions in March and will
+sharply raise production in the fall to an annual rate of more
+than 20 mln pounds of finished products.
+    It said industry demand for the products is projected to
+rise 15 pct annually over the next five years, and it is
+prepared to boost production substantially with future plant
+additions.
+    Mobil's Chemical's Plastic Packaging Division, which will
+make and sell the new product line, operates nine plants in the
+U.S. and one in Canada.
+    It also said the clear containers, seen in packaging for
+cookies, candy and bakery trays, grocery sald bar items, and
+other items, will be made from oriented polystyrene at the
+company's Canandiagua, N.Y., plant.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12733" NEWID="550">
+<DATE> 2-MAR-1987 12:27:27.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0268&#31;reute
+u f BC-CORRECTED---BANKAMERI   03-02 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - BANKAMERICA NEGOTIATING UNITS SALE</TITLE>
+<DATELINE>    FRANKFURT, March 2 - </DATELINE><BODY>Bank of America NT and SA's &lt;BAC.N>
+West German branch said it is negotiating the sale of Bankhaus
+Centrale Credit AG, a small local West German bank it acquired
+in 1965, and of its West German Visa credit card operation.
+    Michael Seibel, Bank of America vice-president and regional
+manager, said the negotiations were proceeding well. He
+declined to give further details.
+    Bank of America's West German branch lost some 32 mln marks
+in 1985. The result includes profit and loss transfers from
+Bankhaus Centrale Credit and the Visa organisation. The sale of
+the units is part of the bank's worldwide restructuring plan.
+-- corrects year of loss in third paragraph in item which
+originally ran February 27.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12734" NEWID="551">
+<DATE> 2-MAR-1987 12:28:20.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0275&#31;reute
+r f BC-OSR-&lt;OSRC>-TO-MAKE-AC   03-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OSR &lt;OSRC> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    OLD BETHPAGE, N.Y., March 2 - </DATELINE><BODY>OSR Corp said it has agreed
+to acquire the properties and assets of Telcom International
+Group for 10.5 mln common shares, which would give former
+Telcom owners an 84 pct interest in the combined company.
+    Telcom is an international film and television distributor.
+ The assets being acquired consist mostly of distribution
+rights to films valued at over one mln dlrs, the company said.
+    OSR said as part of the acquisition agreement is is
+required to sell its 80 pct interest in Standard Knickerbocker
+Ltd, which makes jeans in Canada.
+    OSR said it expects to net about 150,000 dlrs on the sale
+of Standard Knickerbocker.
+    The company said both transactions are subject to approval
+by shareholders at a meeting to be held in April or May, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12735" NEWID="552">
+<DATE> 2-MAR-1987 12:28:27.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0276&#31;reute
+d f BC-MERCURY-ENTERTAINMENT   03-02 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCURY ENTERTAINMENT &lt;MCRY> SEES BETTER RESULTS</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Mercury Entertainment Corp said it
+expects improved results in 1987.
+    The company today reported a loss for the year ended
+November 30 of 413,021 dlrs on revenues of 600,971 dlrs,
+compared with a loss of 163,932 dlrs on revenues of 665,800
+dlrs a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12736" NEWID="553">
+<DATE> 2-MAR-1987 12:28:34.05</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0277&#31;reute
+d f BC-CRONUS-INDUSTRIES-INC   03-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRONUS INDUSTRIES INC &lt;CRNS> SELLS UNIT</TITLE>
+<DATELINE>    DALLAS, March 2 - </DATELINE><BODY>Cronus Industries Inc said it agreed to
+sell its heat transfer equipment business, Southwestern
+Engineering Co, for a slight premium over book value, plus a
+release of Cronus from liability on approximately three mln
+dlrs of subsidiary indebtedness.
+    The company said the sale to a subsidiary of Senior
+Engineering Group PLC, a British company, will take place this
+month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12737" NEWID="554">
+<DATE> 2-MAR-1987 12:28:40.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0279&#31;reute
+s f BC-UNISYS-CORP-&lt;UIS>-SET   03-02 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNISYS CORP &lt;UIS> SETS QUARTERLY</TITLE>
+<DATELINE>    BLUE BELL, Pa., March 2 -
+    </DATELINE><BODY>Qtly div 65 cts vs 65 cts prior
+    Pay May Seven
+    Record April Seven
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12738" NEWID="555">
+<DATE> 2-MAR-1987 12:29:31.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0281&#31;reute
+r f BC-JACOBSON-&lt;JCBS>-VOTES   03-02 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JACOBSON &lt;JCBS> VOTES SPLIT, INCREASES PAYOUT</TITLE>
+<DATELINE>    JACKSON, MICH., March 2 - </DATELINE><BODY>Jacobson Stores Inc said its
+board voted a three-for-two stock split, payble March 30,
+record March 13.
+    In other action, Jacobson's directors approved an increase
+in its quarterly dividend to 11 cts on a post split basis
+payable April 14, record March 30.
+    The new dividend rate represents a 32 pct increase over the
+12-1/2 cts paid quarterly on a pre-split basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12739" NEWID="556">
+<DATE> 2-MAR-1987 12:29:45.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0282&#31;reute
+w f BC-AW-COMPUTER-&lt;AWCSA>-I   03-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AW COMPUTER &lt;AWCSA> IN SUPPLY AGREEMENT</TITLE>
+<DATELINE>    MOUNT LAUREL, N.J., March 2 - </DATELINE><BODY>AW Computer Systems Inc said
+it signed an 850,000 dlr agreement with TEC America Inc &lt;TCK>
+to develop and supply intelligent cash register controllers.
+    Under terms of the agreement, AW Computer said it will
+design and manufacture intelligent controllers for resale by
+TEC worldwide.
+    The company said the controller will allow TEC's new FT-70
+point-of-sale terminal system to communicate with IBM PC/AT
+personal computers and compatibles.
+    The controller will be ready for shipment by October, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12740" NEWID="557">
+<DATE> 2-MAR-1987 12:30:15.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0283&#31;reute
+r f BC-HARLEY-DAVIDSON-INC-&lt;   03-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARLEY-DAVIDSON INC &lt;HDI> 4TH QTR NET</TITLE>
+<DATELINE>    MILWAUKEE, Wis., March 2-
+    </DATELINE><BODY>Oper shr 18 cts vs 51 cts
+    Oper net 1,048,000 vs 1,870,000
+    Revs 72.2 mln vs 73.5 mln
+    Avg shrs 5,910,000 vs 3,680,000
+    Year
+    Oper shr 82 cts vs 72 cts
+    Oper net 4,307,000 vs 2,637,000
+    Revs 295.3 mln vs 287.5 mln
+    Avg shrs 5,235,000 vs 3,680,000
+    NOTE: Results exclude one-time gains of 223,000 or four cts
+and 564,000 or 11 cts for 1986 qtr and year vs gains of
+6,359,000 or 1.73 dlrs and 7,318,000 or 1.99 dlrs for prior
+periods.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12741" NEWID="558">
+<DATE> 2-MAR-1987 12:30:22.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-&lt;HOECHST-AG>-COMPLETE   03-02 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;HOECHST AG> COMPLETES CELANESE &lt;CZ> ACQUISITION</TITLE>
+<DATELINE>    SOMERVILLE, N.J., March 2 - </DATELINE><BODY>Hoechst AG of West Germany said
+it has completed the acquisition of Celanese Corp.
+    Hoechst acquired a majority of Celanese shares in a recent
+tender offer at 245 dlrs per common share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12742" NEWID="559">
+<DATE> 2-MAR-1987 12:30:29.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0285&#31;reute
+d f BC-AMERICUS-TRUST-&lt;HPU>   03-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICUS TRUST &lt;HPU> EXTENDS DEADLINE</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Americus Trust for American Home
+Products Shares said it extended its deadline for accepting
+tendered shares until November 26, an extension of nine months.
+    The trust, which will accept up to 7.5 mln shares of
+American Home Products &lt;AHP>, said it has already received
+tenders for about four mln shares.
+    The trust is managed by Alex. Brown and Sons Inc &lt;ABSB> and
+was formed November 26, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12743" NEWID="560">
+<DATE> 2-MAR-1987 12:30:53.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0287&#31;reute
+r f BC-MORSE-SHOE-INC-&lt;MRS>   03-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORSE SHOE INC &lt;MRS> 4TH QTR NET</TITLE>
+<DATELINE>    CANTON, Mass., March 2 - 
+    </DATELINE><BODY>Shr 59 cts vs 48 cts
+    Net 3,244,000 vs 2,584,000
+    Revs 169.3 mln vs 156.0 mln
+    12 mths
+    Shr 1.78 dlrs vs 1.32 dlrs
+    Net 9,733,000 vs 7,164,000
+    Revs 585.6 mln vs 541.0
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12744" NEWID="561">
+<DATE> 2-MAR-1987 12:33:08.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0295&#31;reute
+h f BC-BENETTON-IN-FINANCIAL   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENETTON IN FINANCIAL SERVICES JOINT VENTURE</TITLE>
+<DATELINE>    TREVISO, Italy, March 2 - </DATELINE><BODY>Benetton Group Spa &lt;BTOM.MI> said
+it reached agreement with textiles concern GFT-Gruppo
+Finanziario Tessile Spa for a joint venture in the financial
+services sector.
+   A Benetton spokeswoman said details of the accord would be
+outlined at a news conference on Thursday in Milan. The Italian
+clothing group has targeted financial services as a sector in
+which to expand its activities.
+   In January, Benetton acquired a large minority stake in the
+Italian unit of the U.K. Financial services group Prudential
+Corp PLC [PRUL.L].
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12745" NEWID="562">
+<DATE> 2-MAR-1987 12:34:30.65</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>brazil</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0303&#31;reute
+u f BC-ICO-QUOTA-TALKS-CONTI   03-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO QUOTA TALKS CONTINUE, OUTCOME HARD TO GAUGE</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Talks at the extended special meeting of
+the International Coffee Organization (ICO) on the
+reintroduction of export quotas continued, but chances of
+success were still almost impossible to gauge, delegates said.
+    Producer delegates were meeting to examine a Colombian
+proposal to resume historical quotas from April 1 to September,
+with a promise to define specific new criteria by which a new
+quota system would be calculated in September for the new crop
+year, they said.
+    Opinions among delegates over the potential for reaching a
+quota agreement varied widely.
+    Some consumers said the mood of the meeting seemed slightly
+more optimistic. But Brazil's unwillingness to concede any of
+its traditional 30.55 pct of its export market share looks
+likely to preclude any accord, other delegates said.
+    No fresh proposals other than the Colombian initiative had
+been tabled formally today, delegates said.
+    A full council meeting was set for 1900 hours for a
+progress report, delegates said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12746" NEWID="563">
+<DATE> 2-MAR-1987 12:37:46.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0321&#31;reute
+u f BC-SEC-STAFF-ADVISES-FRA   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC STAFF ADVISES FRAUD CHARGES AGAINST WPPSS</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The staff of the federal Securities
+and Exchange Commission (SEC) plans to recommend that the
+Washington Public Power Supply System (WPPSS) be charged with
+securities fraud in connection with its July 1983 default on
+2.25 billion dlrs of bonds, a WPPSS official told Reuters.
+    WPPSS attorney Ron English said the system was advised by
+SEC staff attorneys that the five SEC commissioners would be
+asked to charge WPPSS in connection with its official
+statements about its plans to build its No. 3 and No. 4 nuclear
+power plants in the Pacific Northwest at the time it was
+selling the bonds.
+    English, in a telephone interview, said the SEC staff
+planned to allege that WPPSS had overstated the demand for
+power in the region and had understated the cost of the plants,
+which were to built with the bonds' proceeds.
+    English denied the allegations. He said WPPSS had made no
+public forecasts of power demand in connection with the bond
+sale and had never understated the cost of the plants.
+    "We at all times told the public everything we knew about
+the costs," he said.
+    English said WPPSS had no indication when the SEC might
+meet on the staff's recommendations.
+    The SEC, as a matter of policy, never comments on its
+enforcement activities.
+    The SEC's WPPSS investigation began in late 1983 and the
+agency's slow pace on the probe has been publicly criticized on
+several occasions since then by Rep. John Dingell, the Michigan
+Democrat who chairs the House panel responsible for the SEC's
+budget and operations.
+    Of the five nuclear plants originally envisioned by WPPSS,
+one has been completed, two remain under construction, and two
+others--those for which the defaulted bonds were sold-- have
+been terminated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12747" NEWID="564">
+<DATE> 2-MAR-1987 12:39:51.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0333&#31;reute
+r f BC-PACIFIC-WESTERN-FUSES   03-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC WESTERN FUSES MANAGEMENT WITH CP AIR</TITLE>
+<DATELINE>    CALGARY, Alberta, March 2 - </DATELINE><BODY>&lt;Pacific Western Airlines Corp>
+said it integrated the senior management of Pacific Western and
+recently acquired Canadian Pacific Air Lines Ltd in preparation
+for the companies' merger this summer.
+    Pacific Western said it appointed president and chief
+executive Rhys Eaton as chairman and chief executive in the new
+management structure, and Murray Sigler as president. Sigler
+was previously president of Pacific Western's airline unit,
+Pacific Western Airlines Ltd.
+    Pacific Western acquired Canadian Pacific Air Lines for 300
+mln dlrs last December from Canadian Pacific Ltd &lt;CP>.
+    Canadian Pacific Air Lines said president and chief
+executive Donald Carty and four senior vice-presidents resigned
+last week. Carty said in a company memorandum that he accepted
+another senior post in commercial aviation and that some of the
+vice-presidents were taking early retirment and others were
+resigning for personal reasons.
+    Pacific Western said the new management structure "will
+facilitate our objective of proceeding quickly to successfully
+position ourselves in the marketplace as a single airline
+network beginning this summer."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12748" NEWID="565">
+<DATE> 2-MAR-1987 12:39:56.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0334&#31;reute
+r f BC-AMGEN-&lt;AMGN>-TO-FORM   03-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMGEN &lt;AMGN> TO FORM PARTNERSHIP</TITLE>
+<DATELINE>    THOUSAND OAKS, Calif., March 2 - </DATELINE><BODY>Amgen Inc said it signed a
+letter of intent for an estimated 75 mln dlr research and
+development limited partnership to fund the clinical
+investigation of certain pharmaceutical products currently
+under development.
+    Neither terms of the arrangement nor the products covered
+by the partnership were disclosed, but Amgen said the limited
+partnership units will include warrants to purchase Amgen
+common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12749" NEWID="566">
+<DATE> 2-MAR-1987 12:40:09.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0336&#31;reute
+h f BC-BENETTON-IN-FINANCIAL   03-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENETTON IN FINANCIAL SERVICES JOINT VENTURE</TITLE>
+<DATELINE>    TREVISO, Italy, March 2 - </DATELINE><BODY>Benetton Group Spa [BTOM.MI] said
+it reached agreement with textiles concern [GFT-Gruppo
+Finanziario Tessile Spa] for a joint venture in the financial
+services sector.
+    A Benetton spokeswoman said details of the accord would be
+outlined at a news conference on Thursday in Milan. The Italian
+clothing group has targeted financial services as a sector in
+which to expand its activities.
+    In January, Benetton acquired a large minority stake in the
+Italian unit of the U.K. Financial services group Prudential
+Corp PLC [PRUL.L].
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12750" NEWID="567">
+<DATE> 2-MAR-1987 12:40:44.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0338&#31;reute
+u f BC-AIBD,-CEDEL,-EUROCLEA   03-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIBD, CEDEL, EUROCLEAR JOIN IN TRADE MATCH SYSTEM</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The Association of International Bond
+Dealers, AIBD, said it will cooperate with major clearing
+agencies Cedel and Euroclear on a eurobond trade confirmation
+and matching system to come into force by September this year.
+    The system, designed to give market participants a fast and
+reliable way of checking whether transactions are matched, will
+initially cover reporting of confirmed and mismatched trades.
+    It will include recording additional trade data, checking,
+comparison and matching any new elements but will only apply
+initially to delivery against payment transactions, AIBD said.
+    The AIBD said in a statement it would be responsible for
+developing suitable rules to back up the two clearing systems
+when they introduce their new matching matching facilities and
+confirmation systems by September this year.
+    Euroclear and Cedel intend to bring a "trade date-plus-one"
+matching capacity, reporting on a given day on trades entered
+by 1000 London time, designed to work with a planned AIBD rule
+requiring the entry of previous day's trades by that time.
+    The confirmation system covering critical trade data is
+designed to aid the trader and the settlements department and
+also reduce trading risks in volatile markets, AIBD said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12751" NEWID="568">
+<DATE> 2-MAR-1987 12:42:29.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0344&#31;reute
+u f BC-ZAPATA-&lt;ZOS>-WON'T-PA   03-02 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAPATA &lt;ZOS> WON'T PAY INTEREST ON DEBENTURES</TITLE>
+<DATELINE>    HOUSTON, March 2 - </DATELINE><BODY>Zapata Corp said it does not intend to
+pay the interest due March 15 on its 10-1/4 pct subordinated
+debentures due 1997 or the interest due May One on its 10-7/8
+pct subordinated debentures due 2001.
+    Zapata said the results of continuing discussions with its
+bank lenders and the company's future financial position will
+determine Zapata's ability to meet its obligations to holders
+of the subordinated debentures.
+    The company said deferrals of payment obligations and
+covenant waivers provided by all of its bank lenders, which
+were scheduled to expire February 28, have been extended
+through April 30.
+    Zapata stopped paying interest on the debentures in April
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12752" NEWID="569">
+<DATE> 2-MAR-1987 12:45:15.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0355&#31;reute
+u f BC-HARNISCHFEGER-INDUSTR   03-02 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARNISCHFEGER INDUSTRIES INC &lt;HPH> 1ST QTR NET</TITLE>
+<DATELINE>    MILWAUKEE, WIS., March 2 -
+    </DATELINE><BODY>Shr 24 cts vs 1.20 dlrs
+    Net 5.8 mln vs 20.2 mln
+    Revs 193.5 mln vs 107.0 mln
+    Avg shrs 16.4 mln vs 12.3 mln
+    NOTE: 1987 net includes tax credits equal to 18 cts.
+    1986 net includes tax credits of 17 cts and a gain of 1.16
+dlrs from a change in accounting for pensions.
+    Periods end January 31, 1987 and 1986, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12753" NEWID="570">
+<DATE> 2-MAR-1987 12:47:25.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0358&#31;reute
+r f BC-CYNERGY   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRISH OIL CONCERN HAS 8.5 PCT OF CYNERGY &lt;CRG></TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Bryson Oil and Gas Plc, a Belfast,
+Northern Ireland, oil company, said it has acquired an 8.5 pct
+stake in Cynergy Corp and took steps to help it consider the
+possibility of seeking control or influencing the company.
+    In a filing with the Securities and Exchange Commission in
+which it disclosed its stake, Bryson said it also asked Cynergy
+for a list shareholder list in case it decided to communicate
+with the holders.
+    Shareholder information would be vital to anyone planning a
+tender offer and is commonly requested by individuals or groups
+mulling takeover attempts.
+    Bryson told the SEC it may review the feasibility of trying
+to influence the management policies of Cynergy, or of trying
+to gain control of the company through representation on its
+board of directors.
+    A shareholder list would also be necessary for a group
+trying to mount a campaign for the election of directors.
+    Bryson, which said it has retained D.F. King and Co Inc to
+work on its Cynergy dealings, said it bought 841,887 Cynergy
+common shares for 5.4 mln dlrs to gain an "equity position" in
+the company. Last week, Texas developer James Sowell told the
+SEC he sold his entire 823,387-share stake in the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12754" NEWID="571">
+<DATE> 2-MAR-1987 12:48:50.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0364&#31;reute
+b f BC-******ALCAN-ALUMINIUM   03-02 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALCAN ALUMINIUM LTD SETS THREE FOR TWO STOCK SPLIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12755" NEWID="572">
+<DATE> 2-MAR-1987 12:49:41.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0366&#31;reute
+u f BC-ALBERTSON'S-INC-&lt;ABS>   03-02 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALBERTSON'S INC &lt;ABS> 4TH QTR JAN 29 NET</TITLE>
+<DATELINE>    BOISE, Idaho, March 2 - 
+    </DATELINE><BODY>Shr 92 cts vs 83 cts
+    Net 30.8 mln vs 27.5 mln
+    Sales 1.40 billion vs 1.32 billion
+    Year
+    Shr 3.00 dlrs vs 2.57 dlrs
+    Net 184.8 mln vs 154.8 mln
+    Sales 5.38 billion vs 5.06 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12756" NEWID="573">
+<DATE> 2-MAR-1987 12:50:07.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0367&#31;reute
+h f BC-U.S.-INTEC-INC-&lt;INTK>   03-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. INTEC INC &lt;INTK> 4TH QTR NET</TITLE>
+<DATELINE>    PORT ARTHUR, Texas, March 2 -
+    </DATELINE><BODY>Qtly div six cts vs five cts
+    Net 188,000 vs 130,000
+    Sales 12.2 mln vs 10.1 mln
+    Avg shrs 3,029,930 vs 2,764,544
+    Year
+    Shr 81 cts vs 1.45 dlrs
+    Net 2,463,000 vs 3,718,000
+    Sales 52.4 mln vs 47.5 mln
+    Avg shrs 3,029,930 vs 2,566,680
+    NOTE: 1985 year net includes gain 500,000 dlrs frol life
+insurance on deceased director.
+    1985 quarter net includes 150,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12757" NEWID="574">
+<DATE> 2-MAR-1987 12:51:30.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0368&#31;reute
+d f BC-FRANKLIN-RESOURCES-&lt;B   03-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN RESOURCES &lt;BEN> FORMS THREE FUNDS</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 - </DATELINE><BODY>Franklin Resources Inc said it
+formed three mutual funds that free Pennsylvania residents of
+taxes levied by the state's counties on stocks, bonds and
+mutual fund shares.
+    The funds include the Franklin Pennsylvania Investors U.S.
+Government Securities Fund, which invests in Ginnie Mae
+securities, and the Franklin Pennsylvania Investors High Income
+Fund, investing in high-yield corporate bonds. Both funds pay
+monthly dividends.
+    The Franklin Pennsylvania Investors Equity Fund invests in
+stocks of U.S. companies and pays semi-annual dividends.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12758" NEWID="575">
+<DATE> 2-MAR-1987 12:51:34.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0369&#31;reute
+u f BC-CINCINNATI-BELL-INC-&lt;   03-02 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CINCINNATI BELL INC &lt;CSN> RAISES QUARTERLY</TITLE>
+<DATELINE>    CINCINNATI, March 2 -
+    </DATELINE><BODY>Qtly div 48 cts vs 44 cts prior
+    Pay May One
+    Record April One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12759" NEWID="576">
+<DATE> 2-MAR-1987 12:52:26.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0371&#31;reute
+u f BC-CINCINNATI-BELL-&lt;CSN>   03-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CINCINNATI BELL &lt;CSN> SETS STOCK SPLIT</TITLE>
+<DATELINE>    CINCINNATI, March 2 - </DATELINE><BODY>Cincinnati Bell Inc said its board
+declared a two-for-one stock split, subject to two thirds
+approval at the annual meeting on April 20 of an increase in
+authorized common shares to 120 mln from 60 mln.
+    It said the split would be payable May 20 to holders of
+record May Five.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12760" NEWID="577">
+<DATE> 2-MAR-1987 12:52:57.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0375&#31;reute
+r f BC-BRT-REALTY-TRUST-&lt;BRT   03-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRT REALTY TRUST &lt;BRT> RAISES QUARTERLY PAYOUT</TITLE>
+<DATELINE>    GREAT NECK, N.Y., March 2 - </DATELINE><BODY>BRT Realty Trust said it raised
+its quarterly dividend to 50 cts a share from the 42 cts paid
+in the previous quarter.
+    It said the dividend is payable March 31 to shareholders of
+record March 17.
+    BRT also said it filed a registration statement with the
+Securities and Exchange Commission for the public offering of
+1.2 mln shares of common stock.
+    BRT, which has about 3.3 mln common shares currently
+outstanding, said Merrill Lynch Capital Markets will be the
+sole manager of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12761" NEWID="578">
+<DATE> 2-MAR-1987 12:53:03.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0376&#31;reute
+r f BC-UNIVERSAL-HEALTH-REAL   03-02 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL HEALTH REALTY &lt;UHT> IN INITIAL PAYOUT</TITLE>
+<DATELINE>    KING OF PRUSSIA, Pa., March 2 - </DATELINE><BODY>Universal Health Realty
+Income Trust, which recently went public, said its board has
+declared an initial quarterly dividednd of 33 cts per share,
+payable MArch 31 to holders of record March 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12762" NEWID="579">
+<DATE> 2-MAR-1987 12:53:08.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0377&#31;reute
+d f BC-QED-EXPLORATION-INC-&lt;   03-02 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QED EXPLORATION INC &lt;QEDX> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    DENVER, March 2 -
+    </DATELINE><BODY>Shr six cts vs 12 cts
+    Net 132,151 vs 261,560
+    Revs 622,909 vs 968,4287
+    1st half
+    Shr nine cts vs 24 cts
+    Net 204,765 vsd 539,769
+    Revs 1,181,424 vs 1,867,892
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12763" NEWID="580">
+<DATE> 2-MAR-1987 12:53:17.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0378&#31;reute
+d f BC-PREFERRED-HEALTH-CARE   03-02 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREFERRED HEALTH CARE LTD &lt;PHCC> YEAR DEC 31 NET</TITLE>
+<DATELINE>    NEW YORK, March 2 -
+    </DATELINE><BODY>Shr 24 cts vs 15 cts
+    Net 1,520,797 vs 929,017
+    Revs 5,268,486 vs 2,617,995
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12764" NEWID="581">
+<DATE> 2-MAR-1987 12:53:55.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0382&#31;reute
+d f BC-AOI-COAL-CO-&lt;AOI>-4TH   03-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AOI COAL CO &lt;AOI> 4TH QTR NET</TITLE>
+<DATELINE>    MIDLAND, Texas, March 2 -
+    </DATELINE><BODY>Oper shr one ct vs one ct
+    Oper net 147,000 vs 40,000
+    Revs 13.5 mln vs 14.1 mln
+    Year
+    Oper shr five cts vs 20 cts
+    Oper net 621,000 vs 2,274,000
+    Revs 54.3 mln vs 56.0 mln
+    NOTE: 1986 net excludes tax credits of 60,000 dlrs in
+quarter and 218,000 dlrs in year.
+    Results reflect acceleration of depreciation on certain
+classes of mining equipment that resulted in the assets being
+fully depreciated in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12765" NEWID="582">
+<DATE> 2-MAR-1987 12:54:03.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0383&#31;reute
+h f BC-AIBD,-CEDEL,-EUROCLEA   03-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIBD, CEDEL, EUROCLEAR JOIN IN TRADE MATCH SYSTEM</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The Association of International Bond
+Dealers, AIBD, said it will cooperate with major clearing
+agencies Cedel and Euroclear on a eurobond trade confirmation
+and matching system to come into force by September this year.
+    The system, designed to give market participants a fast and
+reliable way of checking whether transactions are matched, will
+initially cover reporting of confirmed and mismatched trades.
+    It will include recording additional trade data, checking,
+comparison and matching any new elements but will only apply
+initially to delivery against payment transactions, AIBD said.
+    The AIBD said in a statement it would be responsible for
+developing suitable rules to back up the two clearing systems
+when they introduce their new matching matching facilities and
+confirmation systems by September this year.
+    Euroclear and Cedel intend to bring a "trade date-plus-one"
+matching capacity, reporting on a given day on trades entered
+by 1000 London time, designed to work with a planned AIBD rule
+requiring the entry of previous day's trades by that time.
+    The confirmation system covering critical trade data is
+designed to aid the trader and the settlements department and
+also reduce trading risks in volatile markets, AIBD said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12766" NEWID="583">
+<DATE> 2-MAR-1987 12:54:17.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0385&#31;reute
+h f BC-WESTERN-DIGITAL-&lt;WDC>   03-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN DIGITAL &lt;WDC> ADDS E-MAIL PACKAGE</TITLE>
+<DATELINE>    IRVINE, Calif., March 2 - </DATELINE><BODY>Western Digital Corp said it
+signed a licensing agreement under which it will sell an
+electronic mail software package from &lt;Consumers Software>,
+Gilroy, Calif.
+    Western Digital said the software package, named Network
+Courier, allows computer users operating on a local area
+network to exchange messages and files without having to exit
+their current applications.
+    Western Digital said the agreement marks its intention to
+widen the market for local area network products by selling
+specific applications rather than components.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12767" NEWID="584">
+<DATE> 2-MAR-1987 12:54:45.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0387&#31;reute
+d f BC-MIDWAY-&lt;MDWY>-TO-EXPA   03-02 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWAY &lt;MDWY> TO EXPAND SERVICE</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>Midway Airlines Inc said will begin to
+serve several new cities in the United States this year,
+starting April five with new flights to Atlanta from Chicago.
+    The carrier will fly three daily Atlanta flights out of
+Chicago's Midway Airport using two new airplanes and aircraft
+acquired from KLM.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12768" NEWID="585">
+<DATE> 2-MAR-1987 12:55:35.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0390&#31;reute
+r f BC-FOOTHILL-&lt;GFI>-ARRANG   03-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOTHILL &lt;GFI> ARRANGES DEBT PLACEMENT</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Foothill Group Inc said its Foothill
+Capital Corp unit arranged the private placement of 23 mln dlrs
+in senior debt and 27 mln in senior subordinated debt.
+    The senior and senior subordinated debt was purchased by
+institutional lenders and will bear interest at 9.4 pct and
+10.15 pct, respectively, Foothill said.
+    It said completion of the transaction will increase the
+company's capital funds to 138 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12769" NEWID="586">
+<DATE> 2-MAR-1987 12:56:32.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0392&#31;reute
+d f BC-KEVEX-CORP-&lt;KEVX>-2ND   03-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEVEX CORP &lt;KEVX> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    FOSTER CITY, Calif., March 2 -
+    </DATELINE><BODY>Shr eight cts vs one ct
+    Net 399,000 vs 44,000
+    Sales 9,603,000 vs 7,107,000
+    Six Mths
+    Shr 10 cts vs one ct
+    Net 503,000 vs 69,000
+    Sales 17.3 mln vs 13.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12770" NEWID="587">
+<DATE> 2-MAR-1987 12:57:28.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0396&#31;reute
+d f BC-WESTERN-UNION-&lt;WU>-NA   03-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN UNION &lt;WU> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    UPPER SADDLE RIVER, N.J., March 2 - </DATELINE><BODY>Western Union said John
+Pope Jr has been elected president of the telegraph company and
+executive vice president of the corporation.
+    Western Union said Pope, formerly the executive vice
+president of the company, succeeds Robert Leventhal.
+    The company said Leventhal will remain chairman and chief
+executive officer of the corporation and company, the prinipal
+subsidiary of Western Union Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12771" NEWID="588">
+<DATE> 2-MAR-1987 12:58:08.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0398&#31;reute
+h f BC-NORTH-ATLANTIC-INDUST   03-02 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH ATLANTIC INDUSTRIES INC &lt;NATL> YEAR NET</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 2 -
+    </DATELINE><BODY>Shr 40 cts vs 30 cts
+    Net 1,408,000 vs 1,038,000
+    Sales 35.2 mln vs 31.6 mln
+    NOTE: Results restated for change to FIFO inventory
+accounting from LIFO, which reduced 1985 net 192,000 dlrs or
+five cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12772" NEWID="589">
+<DATE> 2-MAR-1987 12:58:40.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0401&#31;reute
+h f BC-CHURCHILL-TO-MARKET-W   03-02 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHURCHILL TO MARKET WESTERN UNION &lt;WU> SERVICES</TITLE>
+<DATELINE>    NEW YORK, march 2 - </DATELINE><BODY>&lt;Churchill Communications Corp> said it
+signed an agreement under which it will sell and service
+Western Union Corp's telex, electronic mail and long distance
+services to customers not directly assigned to Western Union
+representatives.
+    Churchill, a privately held firm that processes electronic
+mail services, said the agreement extends for two years, with
+options for renewal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12773" NEWID="590">
+<DATE> 2-MAR-1987 12:59:20.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0403&#31;reute
+d f BC-COMBUSTION-ENGINEERIN   03-02 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMBUSTION ENGINEERING &lt;CSP> SETS CHINA PACT</TITLE>
+<DATELINE>    STAMFORD, Conn., March 2 - </DATELINE><BODY>Combustion Engineering Inc said
+it won a contract worth more than 50 mln dlrs for parts and
+services for a 600 megawatt coal-fired power plant run by the
+China National Technical Import Corp.
+    It said it will supply plant engineering, steam generator
+components and air quality control systems. Initial delivery is
+set for early 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12774" NEWID="591">
+<DATE> 2-MAR-1987 13:05:01.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0421&#31;reute
+u f BC-ALCAN-ALUMINIUM-LTD-&lt;   03-02 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN ALUMINIUM LTD &lt;AL> SETS STOCK SPLIT</TITLE>
+<DATELINE>    MONTREAL, March 2 - </DATELINE><BODY>Alcan Aluminium Ltd said its board
+declared a three-for-two stock split, subject to shareholder
+approval at the April 23 annual meeting.
+    The company said the split would be payable to shareholders
+of record on May Five and the split would take effect at the
+close of business on that date. New certificates will be issued
+around June Five.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12775" NEWID="592">
+<DATE> 2-MAR-1987 13:06:34.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0433&#31;reute
+r f BC-BUFFETS-INC-&lt;BOCB>-4T   03-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUFFETS INC &lt;BOCB> 4TH QTR NET</TITLE>
+<DATELINE>    WAYZATA, Minn., March 2 -
+    </DATELINE><BODY>Shr 10 cts vs nine cts
+    Net 388,000 vs 328,000
+    Sales 7.1 mln vs 4.1 mln
+    Avg shrs 4,066,309 vs 3,688,890
+    Year
+    Shr 37 cts vs 30 cts
+    Net 1,415,000 vs 955,000
+    Sales 27 mln vs 13.1 mln
+    Avg shrs 3,849,659 vs 3,133,446
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12776" NEWID="593">
+<DATE> 2-MAR-1987 13:09:31.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0441&#31;reute
+b f BC-******STANDARD-OIL-SE   03-02 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>STANDARD OIL SETS 154 MLN SWISS FRANC NOTE WITH 3-1/4 PCT COUPON AND CURRENCY WARRANTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12777" NEWID="594">
+<DATE> 2-MAR-1987 13:10:50.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0446&#31;reute
+r f BC-STANDARD-MOTORS-PRODU   03-02 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD MOTORS PRODUCTS INC &lt;SMP> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 2 - 
+    </DATELINE><BODY>Shr 38 cts vs 26 cts
+    Net 4,955,000 vs 3,444,000
+    Revs 81.7 mln vs 59.3 mln
+    12 mths
+    Shr 1.41 dlrs vs 80 cts
+    Net 18.6 mln vs 10.5 mln
+    Revs 286.4 mln vs 242.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12778" NEWID="595">
+<DATE> 2-MAR-1987 13:11:04.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0448&#31;reute
+r f BC-COMMERCIAL-CREDIT-&lt;CC   03-02 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCIAL CREDIT &lt;CCC> TO HAVE GAIN ON SALE</TITLE>
+<DATELINE>    BALTIMORE, March 2 - </DATELINE><BODY>Commercial Credit Co said it has
+completed the sale of its domestic vehicle leasing unit,
+McCullagh Leasing Inc, the New England Merchants Leasing Corp
+for an after-tax gain of 17 mln dlrs.
+    Commercial Credit said it received 68 mln dlrs and the
+repayment of 250 mln dlrs in debt for McCullagh.  It said its
+Canadian vehicle leasing unit, Commercial Credit Corp Ltd, will
+also be sold to New England Merchants, with closing expected in
+March subject to Canadian regulatory approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12779" NEWID="596">
+<DATE> 2-MAR-1987 13:11:18.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0450&#31;reute
+r f BC-AIR-WIS-SERVICES-INC   03-02 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR WIS SERVICES INC &lt;ARWS> 4TH QTR NET</TITLE>
+<DATELINE>    APPLETON, Wis., March 2 -
+    </DATELINE><BODY>Shr 32 cts vs five cts
+    Net 2,362,000 vs 384,000
+    Revs 29.5 mln vs 31.2 mln
+    Year
+    Shr 66 cts vs 18 cts
+    Net 4,869,000 vs 1,336,000
+    Revs 119.2 mln vs 120.2 mln
+    NOTE: Net includes tax credits of 963,000 dlrs vs 720,000
+dlrs in quarter and 613,000 dlrs vs 1,460,000 dlrs in year.
+    Year net includes gains on sale of assets of 35 cts shr vs
+14 cts shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12780" NEWID="597">
+<DATE> 2-MAR-1987 13:11:47.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0453&#31;reute
+u f BC-OPEC-PRESIDENT-SAYS-O   03-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC PRESIDENT SAYS OIL MARKET BEING MANIPULATED</TITLE>
+<DATELINE>    KINGSTON, March 2 - </DATELINE><BODY>OPEC president Rilwanu Lukman accused
+"oil market manipulators" of drawing down their own stocks and
+spreading rumours to give the impression OPEC was breaking its
+15.8 mln barrels per day output ceiling, set last December.
+    Lukman told reporters the aim was to pull prices below the
+18 dlrs per barrel reference level set by OPEC.
+    "People are playing a waiting game to test the will of OPEC
+by drawing down more on their stock than normal, and this is
+having the effect of giving an apparent excess supply on the
+market which we know is not real," Lukman said.
+    Lukman, Nigeria's oil minister, said that despite probable
+"minor deviations" by one or two member countries, "basically OPEC
+is producing around what it said it would produce."
+    After OPEC's price and production accord last December, the
+market firmed steadily but spot prices fell in the last week to
+around 16 dlrs. Industry reports estimated the organization was
+producing up to one mln bpd above its ceiling during February.
+    But Lukman was confident OPEC would maintain its
+discipline, in view of past experience. "We have the experience
+of what happened in 1986 behind us, when violations of
+agreements led to the collapse of the market," he said.
+    Lukman was in Kingston as a guest of the state-owned
+Petroleum Corp of Jamaica.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12781" NEWID="598">
+<DATE> 2-MAR-1987 13:12:04.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0454&#31;reute
+r f BC-ARBOR-DRUGS-INC-&lt;ARBR   03-02 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARBOR DRUGS INC &lt;ARBR> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    TROY, Mich., March 2 -
+    </DATELINE><BODY>Shr 30 cts vs 36 cts
+    Net 1,914,388 vs 1,906,095
+    Sales 58.7 mln vs 40.6 mln
+    Six mths
+    Shr 47 cts vs 53 cts
+    Net 2,961,718 vs 2,817,439
+    Sales 107.6 mln vs 74.9 mln
+    Avg shrs 6,342,353 vs 5,342,353
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12782" NEWID="599">
+<DATE> 2-MAR-1987 13:12:43.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0459&#31;reute
+u f BC-EPITOPE-&lt;EPTO>-SETS-T   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EPITOPE &lt;EPTO> SETS THREE FOR ONE STOCK SPLIT</TITLE>
+<DATELINE>    BEAVERTON, Ore., March 2 - </DATELINE><BODY>Epitope Inc said its board of
+directors has authorized a three-for-one common stock split for
+which shareholder approval is expected in the next two weeks.
+    The company announced a two-for-one split last week, but
+said the board reconvened and agreed to change it to a
+three-for-one split.
+    Epitope is involved in the production of monoclonal
+antibodies for diagnostic and therapeutic use in AIDS and other
+immunological diseases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12783" NEWID="600">
+<DATE> 2-MAR-1987 13:13:07.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0462&#31;reute
+b f BC-******AMC-SAYS-STEPS   03-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMC SAYS STEPS BEING TAKEN TO BUILD NEW JEEP AT ALTERNATE SITE AFTER UAW TALKS FAIL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12784" NEWID="601">
+<DATE> 2-MAR-1987 13:13:19.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0463&#31;reute
+w f BC-CITIZENS-FINANCIAL-CO   03-02 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS FINANCIAL CORP &lt;CTZN> 4TH QTR NET</TITLE>
+<DATELINE>    CLEVELAND, March 2 - 
+    </DATELINE><BODY>Shr 17 cts vs 18 cts
+    Net 339,000 vs 351,000
+    Revs 2,917,000 vs 2,735,000
+    12 mths
+    Shr 62 cts vs 64 cts
+    Net 1,268,000 vs 1,356,000
+    Revs 11.1 mln vs 10.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12785" NEWID="602">
+<DATE> 2-MAR-1987 13:13:49.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0464&#31;reute
+d f BC-PROPOSED-OFFERINGS   03-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Rockwell International Corp &lt;ROK> - Shelf offering of up to
+200 mln dlrs of debt securities on terms to be determined at
+the time of the sale, in addition to another 300 mln dlrs of
+debt securities already registered with the SEC but unsold.
+    Pennsylvania Power and Light Co &lt;PPL> - Shelf offering of
+up to 500,000 shares of series preferred stock on terms yet to
+be determined through an underwriting group led by First Boston
+Corp.
+    Rollins Environmental Service Inc &lt;REN> - Offering of
+900,00 shares of common stock through Merrill Lynch Capital
+Markets.
+    Quaker Oats Co &lt;OAT> - Shelf offering of up to 250 mln dlrs
+of debt securities on terms to be set at the time of the sale
+through Goldman, Sachs and Co and Salomon Brothers Inc.
+    Paine Webber Group Inc &lt;PWJ> - Offering of 3.6 mln shares
+of convertible exchangeable preferred stock through and
+underwriting group led by its PaineWebbber Inc subsdiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12786" NEWID="603">
+<DATE> 2-MAR-1987 13:14:23.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0467&#31;reute
+d f BC-INTERNATIONAL-HYDRON   03-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL HYDRON CORP &lt;HYD> 4TH QTR NET</TITLE>
+<DATELINE>    WOODBURY, N.Y., March 2 -
+    </DATELINE><BODY>Oper shr profit six cts vs loss 20 cts
+    Oper net profit 634,000 vs loss 2,312,000
+    Sales 16.8 mln vs 13.9 mln
+    Year
+    Oper shr profit 30 cts vs profit three cts
+    Oper net profit 3,342,000 vs profit 318,000
+    Sales 67.5 mln vs 52.6 mln
+    NOTE: Operating net excludes loss of 41,000 dlrs vs profit
+7,000 dlrs in quarter and profit 247,000 dlrs, or two cts a
+share, vs profit 88,000 dlrs, or one cent a share, in year from
+net operating loss carryforwards
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12787" NEWID="604">
+<DATE> 2-MAR-1987 13:14:52.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0469&#31;reute
+d f BC-SNET-&lt;SNG>-COMPLETES   03-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SNET &lt;SNG> COMPLETES PRATT/WHITNEY &lt;UTC> ORDER</TITLE>
+<DATELINE>    NEW HAVEN, Conn., March 2 - </DATELINE><BODY>Southern New England
+Telecommunications Inc said it completed the installation of a
+multi-million dlr telecommunications system for United
+Technologies Corp's Pratt and Whitney unit.
+    The company said the system is built around the American
+Telephone and Telegraph Co &lt;T> 5ESS switch, which has the
+capacity to provide telephone service to a medium sized city.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12788" NEWID="605">
+<DATE> 2-MAR-1987 13:15:29.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0470&#31;reute
+d f BC-COGNITIVE-SYSTEMS-INC   03-02 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COGNITIVE SYSTEMS INC &lt;CSAI> 4TH QTR NOV 30 LOSS</TITLE>
+<DATELINE>    NEW HAVEN, Conn., March 2 -
+    </DATELINE><BODY>Shr loss eight cts vs loss three cts
+    Net loss 213,000 vs loss 49,000
+    Revs 636,000 vs 445,0000
+    Year
+    Shr loss 11 cts vs loss 38 cts
+    Net loss 235,000 vs loss 611,0000
+    Revs 2,389,000 vs 1,287,000
+              
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12789" NEWID="606">
+<DATE> 2-MAR-1987 13:15:55.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0471&#31;reute
+d f BC-POLYMERIC-RESOURCES-C   03-02 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLYMERIC RESOURCES CORP &lt;POLR> 2ND QTR DEC 31</TITLE>
+<DATELINE>    WAYNE, N.J., March 2 -
+    </DATELINE><BODY>Shr nine cts vs nine cts
+    Net 98,0000 vs 97,000
+    Sales 3,945,000 vs 2,106,000
+    1st half
+    Shr 17 cts vs 18 cts
+    Net 194,000 vs 203,000
+    Sales 7,535,000 vs 4,136,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12790" NEWID="607">
+<DATE> 2-MAR-1987 13:16:40.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0473&#31;reute
+f f BC-******CONT'L-ILLINOIS   03-02 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONT'L ILLINOIS RECHARACTERIZES 425 MLN DLRS IN BAD LOANS FROM 1984, SAYS DOESN'T AFFECT NET
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12791" NEWID="608">
+<DATE> 2-MAR-1987 13:19:32.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0481&#31;reute
+f f BC-fluor-downgrade   03-02 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FLUOR CORP DOWNGRADED BY MOODY'S, AFFECTS 390 MLN DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12792" NEWID="609">
+<DATE> 2-MAR-1987 13:20:13.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0482&#31;reute
+r f BC-INTRERFACE-FLOORING-&lt;   03-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTRERFACE FLOORING &lt;IFSIA> FILES FOR OFFERING</TITLE>
+<DATELINE>    LAGRANGE, Ga., March 2 - </DATELINE><BODY>Interface Flooring Systems Inc
+said it has filed for an offering of 2,800,000 Class A common
+shares through underwriters led by Robinson-Humphrey Co Inc and
+PaineWebber Group Inc &lt;PWJ>.
+    The company said as previously announced, it will use
+proceeds to finance a tender offer to acquire the 50 pct of
+Debron Investments PLC it does not already own and to repay
+debt.  It said if it acquires all of Debron, it will repurchase
+900,000 Class A shares now owned by Debron and hold them in its
+treasury.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12793" NEWID="610">
+<DATE> 2-MAR-1987 13:20:26.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0483&#31;reute
+r f BC-HEALTH-MOR-INC-&lt;HMI>   03-02 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH-MOR INC &lt;HMI> 4TH QTR NET</TITLE>
+<DATELINE>    LOMBARD, Ill., March 2 -
+    </DATELINE><BODY>Shr 27 cts vs 39 cts
+    Net 481,189 vs 697,381
+    Revs 6.1 mln vs 6.4 mln
+    Year
+    Shr 1.04 dlrs vs 1.35 dlrs
+    Net 1,846,670 vs 2,391,638
+    Revs 25.6 mln vs 28.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12794" NEWID="611">
+<DATE> 2-MAR-1987 13:21:04.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0486&#31;reute
+r f BC-(CORRECTION)---TRANSA   03-02 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+(CORRECTION) - TRANSALTA UTILITIES CORP YEAR NET
+    IN CALGARY STORY OF FEB 27 HEADLINED "TRANSALTA UTILITIES
+CORP YEAR NET," PLS READ IN FOURTH LINE...REVS 915.5 MLN VS
+836.0 MLN..INSTEAD OF 581.0 MLN VS 524.5 MLN..CORRECTING 
+REVENUES.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12795" NEWID="612">
+<DATE> 2-MAR-1987 13:21:22.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0487&#31;reute
+r f BC-SCOTTY'S-&lt;SHB>-SALES   03-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTTY'S &lt;SHB> SALES UP FIVE PCT IN FEBRUARY</TITLE>
+<DATELINE>    WINTER HAVEN, Fla., March 2 - </DATELINE><BODY>Scotty's Inc said sales for
+the four weeks ended February 21 rose five pct, to 41.7 mln
+dlrs, from 39.8 mln dlrs for the corresponding period last
+year.
+    Scotty's said sales for the 34 weeks ended February 21
+totaled 323.2 mln dlrs, up six pct over sales of 305.7 mln dlrs
+for the same period in 1986.
+    The company, which operates 137 stores, said sales were up
+in both the consumer "do-it-yourself" and professional builders
+markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12796" NEWID="613">
+<DATE> 2-MAR-1987 13:21:33.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A Y
+&#22;&#22;&#1;f0488&#31;reute
+b f BC-STANDARD-OIL-&lt;SRD>-TO   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD OIL &lt;SRD> TO ISSUE SWISS FRANC NOTE</TITLE>
+<DATELINE>    CLEVELAND, Ohio, March 2 - </DATELINE><BODY>Standard Oil Co said it will
+issue at par 154 mln Swiss francs of non-callable 10-year notes
+with an annual coupon of 3-1/4 pct and detachable currency
+warrants.
+    Credit Suisse will lead manage the issue. Payment date is
+March 19.
+    Each 50,000 Swiss franc note will carry a warrant entitling
+the holder to sell 50,000 francs for dollars at an exchange
+rate of 1.5930 per dollar. The warrants are exercisable weekly
+from March 27, 1987, until March 19, 1990. The dollar was
+trading today between 1.5340 and 1.5475 francs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12797" NEWID="614">
+<DATE> 2-MAR-1987 13:21:38.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0489&#31;reute
+w f BC-TFC-TELESERVICES-CORP   03-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TFC TELESERVICES CORP &lt;TFCS> YEAR NOV 30 LOSS</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., March 2 - 
+    </DATELINE><BODY>Shr loss 54 cts vs 16.18 dlrs
+    Net loss 1,429,226 vs loss 153,680
+    Revs 202,628 vs 282
+    Avg shrs 2,883,812 vs 9,500
+    Note: 1986 net includes loss from discontinued operations
+of 114,887 or four cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12798" NEWID="615">
+<DATE> 2-MAR-1987 13:22:31.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0491&#31;reute
+r f BC-(CORRECTED)---&lt;TRANSA   03-02 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED) - &lt;TRANSALTA UTILITIES CORP> YEAR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 2 -
+    </DATELINE><BODY>Shr 81 cts vs 2.78 dlrs
+    Net 53.5 mln vs 180.9 mln
+    Revs 915.5 mln vs 836.0 mln
+    Note: 1986 net includes 125 mln dlr or 1.90 dlr shr
+writedown of investment in &lt;Canada Northwest Energy Ltd> vs
+yr-ago extraordinary loss of 17 cts shr (net fig not given).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12799" NEWID="616">
+<DATE> 2-MAR-1987 13:24:14.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0500&#31;reute
+h f BC-ALBERTSON'S-&lt;ABS>-TO   03-02 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALBERTSON'S &lt;ABS> TO INCREASE NEW STORE OPENINGS</TITLE>
+<DATELINE>    BOISE, Idaho, March 2 - </DATELINE><BODY>Albertson's said it plans to open
+33 to 35 new stores during 1987 and remodel about 20-25 stores.
+    This compares to 21 new store openings in 1986 and 17
+remodelings.
+    Albertson's, a grocery chain, said total capital
+expenditures for these projects will be in excess of 200 mln
+dlrs in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12800" NEWID="617">
+<DATE> 2-MAR-1987 13:24:35.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0501&#31;reute
+r f BC-PALL-CORP-&lt;PLL>-SECON   03-02 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PALL CORP &lt;PLL> SECOND QUARTER SALES, ORDERS UP</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>Pall Corp said sales for the second
+quarter ended January 31 were up 17.5 pct to 94.0 mln dlrs from
+80.0 mln dlrs a year before and orders were up 15.5 pct to
+101.1 mln from 87.4 mln.
+    For the first half, it said sales were up 16.0 pct to 174.6
+mln dlrs from 150.3 mln dlrs a year before, with orders up*
+13.0 pct to 189.6 mln from 167.7 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12801" NEWID="618">
+<DATE> 2-MAR-1987 13:25:30.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0503&#31;reute
+r f BC-NAVISTAR-&lt;NAV>-DEBT-U   03-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAVISTAR &lt;NAV> DEBT UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Standard and Poor's Corp said it
+upgraded 500 mln dlrs of debt of Navistar International Corp
+and its unit Navistar Financial Corp.
+    Raised were the companies' senior debt to BB from B and
+subordinated debt to B-plus from CCC-plus.
+    S and P cited Navistar's recent issuance of 104 mln shares
+of common stock and planned redemption of 515 mln dlrs of debt.
+The recapitalization would save Navistar about 86 mln dlrs in
+annual interest expense, the rating agency said.
+    However, the ratings remain speculative because of severe
+pricing pressures in the trucking industry, S and P stressed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12802" NEWID="619">
+<DATE> 2-MAR-1987 13:26:12.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0505&#31;reute
+r f BC-JOHN-WILEY-AND-SONS-I   03-02 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHN WILEY AND SONS INC &lt;WILLB> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Narch 2 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr 72 cts vs 71 cts
+    Net 3,062,000 vs 3,023,000
+    Revs 58.5 mln vs 56.4 mln
+    Nine mths
+    Shr 2.10 dlrs vs 1.73 dlrs
+    Net 8,972,000 vs 7,337,000
+    Revs 169.9 mln vs 161.7 mln
+    Note: Net includes gain from sale of land of 1,105,000 dlrs
+or 26 cts a share for the nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12803" NEWID="620">
+<DATE> 2-MAR-1987 13:26:47.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0508&#31;reute
+r f BC-ARBOR-DRUGS-INC-&lt;ARBR   03-02 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARBOR DRUGS INC &lt;ARBR> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    TROY, Mich., March 2 -
+    </DATELINE><BODY>Shr 30 cts vs 36 cts
+    Net 1,914,388 vs 1,906,095
+    Sales 58.8 mln vs 40.7 mln
+    1st half
+    Shr 47 cts vs 53 cts
+    Net 2,961,718 vs 2,817,439
+    Sales 107.7 mln vs 74.9 mln
+    Avg shrs 6,342,353 vs 5,342,353
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12804" NEWID="621">
+<DATE> 2-MAR-1987 13:26:59.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0509&#31;reute
+w f BC-TECHNOLOGY-DEVELOPMEN   03-02 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNOLOGY DEVELOPMENT CORP &lt;TDCK> 4TH QTR NET</TITLE>
+<DATELINE>    ARLINGTON, Texas, March 2 - 
+    </DATELINE><BODY>Shr profit six cts vs profit eight cts
+    Net profit 102,000 vs profit 151,000
+    Revs 4,846,000 vs 5,041,000
+    Avg shrs 1,725,744 vs 1,806,323
+    12 mths
+    Shr loss 1.36 dlrs vs profit 56 cts
+    Net loss 2,318,00 vs profit 789,000
+    Revs 17.5 mln vs 20.9 mln
+    Avg shrs 1,710,655 vs 1,404,878
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12805" NEWID="622">
+<DATE> 2-MAR-1987 13:27:23.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0512&#31;reute
+r f BC-SPANISH-FARMERS-BATTL   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH FARMERS BATTLE POLICE IN N.E. SPAIN</TITLE>
+<DATELINE>    SARAGOSSA, March 2 - </DATELINE><BODY>Thousands of Spanish farmers battled
+police in this northeastern city during a march to demand a
+better deal from the EC, protest organisers said.
+    The farmers traded stones for tear gas and rubber pellets
+and occupied local government buildings in Saragossa.
+    In the southern city of Malaga, citrus growers dumped more
+than 20 tonnes of lemons on the streets to protest against
+duties levied by the EC against their exports.
+    Spain joined the community in January last year and farmers
+say they have suffered competition from EC imports without
+sufficient compensation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12806" NEWID="623">
+<DATE> 2-MAR-1987 13:27:32.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0513&#31;reute
+r f BC-TANDEM-&lt;TNDM>-HAS-HOM   03-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDEM &lt;TNDM> HAS HOME SHOPPING DEAL</TITLE>
+<DATELINE>    CUPERTINO, Calif., March 2 - </DATELINE><BODY>Tandem Computers Inc said the
+Telaction Corp unit of J.C. Penney Co Inc &lt;JCP> selected the
+Tandem NonStop computer system for a new interactive home
+shopping system scheduled to go into operation during the
+summer.
+    Tandem said the new system will be the first consumer
+controlled home shopping and information service delivered by
+cable television.
+    The Telaction service will be initially available to more
+than 125,000 households in the Chicago test area, Tandem also
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12807" NEWID="624">
+<DATE> 2-MAR-1987 13:27:41.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0514&#31;reute
+d f BC-FLANIGAN'S-ENTERPRISE   03-02 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLANIGAN'S ENTERPRISES INC &lt;BDL> 1ST QTR DEC 27</TITLE>
+<DATELINE>    MIAMI, March 2 -
+    </DATELINE><BODY>Shr 64 cts vs 1.16 dlrs
+    Net 602,000 vs 1,079,893
+    Sales 8,208,000 vs 11.6 mln
+    NOTE: Prior year net includes gain 1,317,000 dlrs or 1.41
+dlrs shr on sale of West Paces Racquet Club.
+    Current year net includes 15 ct shr extraordinary gain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12808" NEWID="625">
+<DATE> 2-MAR-1987 13:28:42.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0515&#31;reute
+b f BC-******TRIANGLE-INDUST   03-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRIANGLE INDUSTRIES INC 4TH QTR OPER SHR LOSS THREE CTS VS PROFIT 27 CTS  
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12809" NEWID="626">
+<DATE> 2-MAR-1987 13:29:41.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0517&#31;reute
+d f BC-MURGOLD-RESOURCES-HAS   03-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MURGOLD RESOURCES HAS PARTIAL GOLD ASSAYS</TITLE>
+<DATELINE>    TORONTO, March 2 - </DATELINE><BODY>Murgold Resources Inc said the number
+three vein zone at its Timmins, Ontario property yielded
+partial assay results of 1.08 ounces gold a short ton across an
+average width of 4.2 feet and length of 200 feet.
+    It said many of the individual assays were more than one
+ounce a ton but had not been cut.
+    The company said these results were expected, because the
+structure was known from previous drilling as a narrow but very
+high-grade gold vein. Its known length is 2,800 feet and will
+be explored and tested as part of the underground work, Murgold
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12810" NEWID="627">
+<DATE> 2-MAR-1987 13:30:18.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0520&#31;reute
+r f BC-CHRYSLER-TO-MARKET-CA   03-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER TO SELL CARS IN EUROPE BEFORE YEAR END</TITLE>
+<DATELINE>    GENEVA, March 2 - </DATELINE><BODY>Chrysler Corp &lt;C> will begin exporting
+vehicles before the end of this year to Europe, the world's
+second largest market, which it left in 1978.
+    Robert Lutz, executive vice president, told a news
+briefing: "After a lapse of almost nine years, Chrysler is about
+to re-enter the European market. And we are here to stay."
+    Michael Hammes, vice president of international operations,
+said Chrysler planned to market "a few hundred vehicles" by year
+end. "By the end of 1988, we hope to reach 5,000." The first cars
+would be sold in West Germany, Austria and Switzerland, he
+said.
+    The European base would be in West Germany, but no final
+decision had been made on other sites.
+    The company will not set up its own dealer franchises, but
+intends to work through distributors who will wholesale the
+vehicles to a franchised dealer organisation.
+    Lutz commented, "We prefer to export to Europe rather than
+manufacture here because it will allow us to take full
+competitive advantage of the favourable exchange rates due to
+the declining value of the dollar."
+    The vehicles, on show at this week's Geneva motor show,
+include Chrysler LeBaron Turbo coupe and convertible, the Dodge
+Lancer ES four-door hatchback, the Dodge Shadow ES compact, the
+Plymouth Voyager miniwagon and the Dodge Daytona Shelby Z.
+    Chrysler is aiming for the mainstream European buyer, who
+appreciates sporty cars with 2.2 litre engines, officials said.
+    Prior to negotiating a loan guarantee program with the U.S.
+Government in 1978, Chrysler sold its European operations to
+Peugeot SA &lt;PEUP.P>. Chrysler now owns 24 pct of Mitsubishi
+Motors Corp &lt;MIMT.T> and 15 pct of &lt;Maserati>, which may serve
+as European distribution channels in future, Hammes said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12811" NEWID="628">
+<DATE> 2-MAR-1987 13:31:15.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0522&#31;reute
+b f BC-U.S.-DELEGATION-PLANS   03-02 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DELEGATION PLANS TO LEAVE ICO TALKS TUESDAY</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The U.S. Delegation at the International
+Coffee Organization (ICO) talks on export quotas is planning to
+leave tomorrow morning, but will ask a representative from the
+U.S. Embassy in London to attend the negotiations if they
+continue, a U.S. Spokesman said.
+    One delegate said: "If the U.S. Delegation is going home and
+the Brazilians are not budging, then there's no negotiation."
+    A full ICO council meeting is set for 1900 hours local for
+a progress report. Opinions among delegates over the potential
+for reaching an agreement vary widely and several delegates
+have said the chances of success were almost impossible to
+gauge.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12812" NEWID="629">
+<DATE> 2-MAR-1987 13:31:47.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0525&#31;reute
+r f BC-FORD-&lt;F>-AIR-BAG-PROG   03-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> AIR-BAG PROGRAM FLAGGING - REPORT</TITLE>
+<DATELINE>    DETROIT, March 2 - </DATELINE><BODY>Ford Motor Co's program to introduce
+air-bags in its compact cars is facing widespread resistance
+from both consumers and dealers, a trade paper said.
+    As of February 20, Automotive News said Ford dealers had
+sold only 455 1987-model Ford Tempos equipped with airbags and
+294 similarly-equipped Mercury Topaz models compared with more
+than 100,000 of the standard-equipped compact models.
+    Ford has projected output of 12,000 Tempo and Topaz models
+equipped with airbags in the 1987 model year, but Automotive
+News said the current inventory of unsold cars represents a
+disastrously high 1-1/2-year supply at current selling rates.
+    Most of Ford's sales of the compact cars equipped with air
+bags have been made to fleet buyers such as the U.S.
+government, the paper said, with 11,000 having been sold since
+they were announced in late 1985.
+    Ford executives recently said their goal is to sell
+annually between 500,000 and one mln cars equipped with air
+bags by 1990 if the federal government will relax certain
+regulatory standards as has been urged by some traffic safety
+administrative staff.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12813" NEWID="630">
+<DATE> 2-MAR-1987 13:34:27.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0539&#31;reute
+u f BC-MURGOLD-RESOURCES-&lt;MG   03-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MURGOLD RESOURCES &lt;MGDVF> HAS PARTIAL ASSAYS</TITLE>
+<DATELINE>    TORONTO, March 2 - </DATELINE><BODY>Murgold Resources Inc said the number
+three vein zone at its Timmins, Ontario property yielded
+partial assay results of 1.08 ounces gold a short ton across an
+average width of 4.2 feet and length of 200 feet.
+    It said many of the individual assays were more than one
+ounce a ton but had not been cut.
+    The company said these results were expected, because the
+structure was known from previous drilling as a narrow but very
+high-grade gold vein. Its known length is 2,800 feet and will
+be explored and tested as part of the underground work, Murgold
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12814" NEWID="631">
+<DATE> 2-MAR-1987 13:35:41.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0544&#31;reute
+r f BC-PACCAR-&lt;PCAR>-AND-UNI   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACCAR &lt;PCAR> AND UNIT DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded to A-plus from AA-minus about 350 mln dlrs of senior
+debt of PACCAR Inc and its unit PACCAR Financial Corp.
+    S and P said PACCAR has experienced earnings weakness. But
+the company remains profitable and should achieve significant
+cost reductions from its recent shut down of two assembly
+plants, S and P noted.
+    The rating agency pointed out that price discounting has
+eroded some of PACCAR's pricing advantage in the premium,
+custom-built segment of the trucking industry, which is
+PACCAR's traditional market niche.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12815" NEWID="632">
+<DATE> 2-MAR-1987 13:35:55.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0545&#31;reute
+f f BC-******DEAN-WITTER-AGR   03-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DEAN WITTER AGREES TO SEC CENSURE FOR FAILING TO FULLY REPORT CASH TRANSACTIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12816" NEWID="633">
+<DATE> 2-MAR-1987 13:36:32.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0546&#31;reute
+r f BC-S/P-MAY-DOWNGRADE-MAC   03-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY DOWNGRADE MACK TRUCKS &lt;MACK> DEBT</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Standard and Poor's Corp said it placed
+on creditwatch with negative implications Mack Trucks Inc's 140
+mln dlrs of BB-plus senior debt.
+    S and P said Mack lost significant market share in heavy
+duty trucks last year. Through the nine months ended September
+30, 1986, the company's pretax loss before restructuring costs,
+equity income and extraordinary items widened to 30 mln dlrs
+from 23 mln dlrs in the year earlier period, it noted.
+    S and P withdrew the BB-plus ratings on the unit Mack
+Financial Corp's 9-5/8 pct debentures due 1990 and 9-3/4 pct
+debentures of 1991 as they were called for redemption.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12817" NEWID="634">
+<DATE> 2-MAR-1987 13:37:22.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0547&#31;reute
+d f BC-ZIMBABWE'S-MAIZE-MOUN   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIMBABWE'S MAIZE MOUNTAIN POSES ECONOMIC PROBLEM</TITLE>
+<AUTHOR>    By Peter Gregson, Reuters</AUTHOR>
+<DATELINE>    HARARE, March 2 - </DATELINE><BODY>More than two mln tonnes of surplus maize
+dotted across Zimbabwe in huge piles is posing an economic
+headache for the country.
+    The grain, Southern Africa's staple, has been bought by the
+Grain Marketing Board (GMB) at prices guaranteed before it was
+planted, and is costing the GMB about 27 mln dlrs a month in
+storage and interest payments to make the purchases.
+    Accumulated over the past two years of bumper harvests, the
+surplus represents about two years of domestic consumption and
+is set to grow as further deliveries are due shortly.
+    Some deals have been made with aid donors, such as European
+countries and Australia, to provide Zimbabwe with wheat in
+return for maize sent to neighbouring Mozambique, where the
+United Nations has urged greater world efforts to feed the
+hungry.
+    But transport constraints keep those figures low and the
+only significant dent was a sale of 250,000 tonnes to South
+Africa last year.
+    Because of the costs it has incurred, the GMB cannot afford
+to give the maize away and the standard 90 kg bags have been
+accumulating, economists here said.
+    But failure to find buyers on glutted world grain markets
+is damaging Zimbabwe, as it needs foreign exchange to finance
+imports for other areas of the economy, the economists added.
+    "At present, it is a no-win situation. Let us hope some of
+the extra aid (UN) Secretary General Javier Perez de Cuellar
+called for at the weekend will be spent here," a Western aid
+specialist said.
+    "At least this year's poor rains haven't exacerbated the
+situation too badly," he added. Rainfall during the current
+rainy season has been far below average, ravaging all but the
+irrigated lands of large commercial farmers.
+    While this may curb the amount of maize delivered this year
+to the GMB, the government also acted late last year to slash
+maize production and force diversification.
+    Calling for a switch to other crops such as oilseeds,
+Agriculture Minister Moven Mahachi said an economically-viable
+price of 180 dlrs a tonne would be paid this year for only half
+the amount of maize bought by the GMB in 1986, and above that
+growers would be paid an unprofitable 100 dlrs.
+    The poor rains have also adversely affected other crops,
+such as sorghum, soybeans, groundnuts, tobacco and cotton, the
+Agriculture Ministry reported at the end of February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12819" NEWID="635">
+<DATE> 2-MAR-1987 13:37:46.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0549&#31;reute
+d f BC-TECHNOLOGY   03-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNOLOGY/CHIP INDUSTRY SEEKS CUSTOM DESIGNS</TITLE>
+<AUTHOR>    By Catherine Arnst, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>U.S. semiconductor manufacturers,
+struggling to stem a river of red ink, are increasingly looking
+toward customized designs rather than mass-market chips for
+future profits.
+    The market for customized chips - semiconductors designed
+for a very specific application or product - is expected to
+expand by 25 to 30 pct this year, compared with only about six
+pct for the entire integrated circuit industry.
+     Market researcher Dataquest Inc estimates that sales of
+customized chips totaled about 4.5 billion dlrs worldwide last
+year, about 12 pct of the total chip market. By 1990, however,
+customized chips are expected to represent a 12 billion to 15
+billion dlr market, about 25 pct of total chip sales.
+    More important for their vendors, because they are not a
+standard design customized chips represent a sellers' market,
+and prices and profit margins can be set accordingly.
+    High volume memory chips have become "a perfect commodity
+market," Robert Brodersen, a professor of electrical
+engineering at the University of California at Berkeley, told
+an industry forum.
+    "The product is interchangeable between one manufacturer
+and another and customers base their buying decisions almost
+entirely on price," Brodersen said. 
+    He predicted that, in the next few years, only a handful of
+the world's largest chip manufacturers (most of them Japanese)
+will produce memory chips, the standard electronic component
+found in everything from digital watches to computers. "The
+rest of the industry just won't be involved."
+    Last week's International Solid State Circuits Conference,
+the chip industry's annual forum for new developments, seemed
+to support Brodersen's prediction.
+     Of the 116 papers presented at the conference, some 40 pct
+had Japanese authors, the first time they have outnumberd the
+United States. Most of the Japanese chip designs were in the
+memory category, including Nippon Telephone and Telegraph Co's
+attention-grabbing 16 mln bit dynamic random access memory
+(dram) chip, 16 times more powerful than anything now
+available.
+    The most advanced memory chip described by a U.S. company
+was International Business Machine Corp's &lt;IBM> four mln bit
+chip, and IBM only manufactures chips for its own internal use,
+not for the open market.
+    The problem with memory chips is that they are all based on
+the same, well known design standards, so they are easy to copy
+and inexpensive to manufacture. Because such large Japanese
+conglomerates as Sony Corp &lt;SNE>, NEC Corp, &lt;NIPNY> Matushita
+and Mitsui have their own enormous consumer and electronics
+product lines, they also have a guaranteeed internal market for
+their chips, so they can produce huge amounts at a very low
+cost per unit.
+    Customized chips, however, are designed for a specific
+customer, manufactured in small quantities and expensive
+relative to standard chips. Computer markets are increasingly
+looking to customized chips because they are difficult to copy,
+thus making the final product harder to clone as well.
+    Intel Corp &lt;INTC>, the leading manufacturer of the
+microprocessors that form the brains of most computers, alerted
+the industry to its intention to switch to customized chips
+last fall.
+    The company, which just reported a loss for 1986, said it
+will spend 75 mln dlrs over the next three years to turn itself
+into a leading manufacturer of custom and semi-custom chips.
+    Intel joins some 275 companies already competing for a
+piece of the customized chip business but it has an advantage
+that the others do not. IBM, which owns a 20 pct stake in
+Intel, has agreed to share the designs for many of the 15,000
+chips it makes for its own use. Intel will customize those
+designs and sell them to others.
+    It will also get to use IBM's proprietary computer system
+for designing chips, considered by experts to be one of the
+most advanced in the world.
+    Intel's success is still not guaranteed, however. Industry
+analysts noted that it is far different to design a mass market
+item than a customized chip that requires a close working
+relationship with the customer.
+    Intel spent five years and 100 mln dlrs developing its
+newest 30386 microprocessor. A much faster turnarouond time,
+and much lower development costs, will be required for
+customized chips if the firm is to succeed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12818" NEWID="636">
+<DATE> 2-MAR-1987 13:39:00.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0555&#31;reute
+f f BC-******SEARS-TO-RESTRU   03-02 0006</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEARS TO RESTRUCTURE DISTRIBUTION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12820" NEWID="637">
+<DATE> 2-MAR-1987 13:39:19.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0557&#31;reute
+u f BC-CONTINENTAL   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL ILL &lt;CIL> TO RECHARACTERIZE LOSS</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Continental Illinois Corp settled an
+administrative complaint by the Securities and Exchange
+Commission by agreeing to recharacterize 425 mln dlrs
+previously reported in the second quarter 1984 as a "loss of
+sale on loans."
+    Under the settlement, which was announced simultaneously
+with the filing of the SEC's administrative action, Continental
+agreed to restate earlier financial reports to single out the
+425 mln dlrs as a separate loan loss item instead of lumping it
+together with another item. The bank holding company said the
+change does not affect its operating results for 1984.
+    The SEC stressed in the complaint that it was not
+challenging Continental's reported net loss for the second
+quarter of 1984.
+    But it said it was misleading for the bank to split the 950
+mln dlr loan loss provision in half, attributing 425 mln dlrs
+of it to the event of sale.
+    The 425 mln dlrs should have been part of a 950 mln dlr
+billion dlr loan loss provision required by the Office of the
+Comptroller of the Currency, the SEC said.
+    Continental had originally listed 565 mln dlrs of the loan
+loss provision as a credit loss and another 425 mln dlrs as a
+loss on sale of loans, the SEC said.
+    It was misleading for the bank to list the 425 mln dlrs as
+loss on sale, which implied the loss would not have occurred
+had there not been a sale of distressed loans to the Federal
+Deposit Insurance Corp, the SEC said.
+    The bank should have listed 990 mln dlrs as a credit loss
+instead of 565 mln dlrs and should not have charecterized the
+other 425 mln dlrs as a provision for loss on sale of loans,
+the SEC said.
+    Continental agreed to the settlement with the SEC without
+admitting or denying any violations, the SEC said.
+    But it agreed to restate its 1984 financial statements to
+accommodate the SEC's objections and to report to its
+shareholders a summarized version of the SEC's administrative
+action against it, the agency said.
+    A Continental official stressed that the settlement in no
+way will result in any change or restatement of the company's
+earnings for that period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12822" NEWID="638">
+<DATE> 2-MAR-1987 13:39:39.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0559&#31;reute
+d f BC-REX-NORECO-INC-&lt;RNX>   03-02 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REX-NORECO INC &lt;RNX> 1ST HALF JAN 31 NET</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., March 2 -
+    </DATELINE><BODY>Shr 20 cts vs 28 cts
+    Net 393,371 vs 555,989
+    Revs 3,669,602 vs 3,498,780
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12823" NEWID="639">
+<DATE> 2-MAR-1987 13:42:05.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0567&#31;reute
+d f BC-MORRISON-KNUDSEN-&lt;MRN   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON KNUDSEN &lt;MRN> GETS NAVAL STATION JOB</TITLE>
+<DATELINE>    BOISE, Idaho, March 2 - </DATELINE><BODY>Morrison Knudsen Corp said its
+National Projects Inc subsidiary was awarded a contract worth
+about 27 mln dlrs for construction of improvements at the U.S.
+Navy's Fallon Naval Air Station in Nevada.
+    The company said the work, scheduled for completion in
+Early 1989, involves revamping of the base's utility systems,
+paving of a runway apron, contruction of a control tower and
+aircraft hanger, and improvements on the base target range.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12824" NEWID="640">
+<DATE> 2-MAR-1987 13:42:44.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0570&#31;reute
+h f BC-PACKAGING-SYSTEMS-COR   03-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACKAGING SYSTEMS CORP &lt;PAKS> 4TH QTR NET</TITLE>
+<DATELINE>    PEARL RIVER, N.Y., March 2 -
+    </DATELINE><BODY>Oper shr eight cts vs five cts
+    Oper net 164,000 vs 116,000
+    Sales 8,059,000 vs 7,148,000
+    Year
+    Oper shr 67 cts vs 19 cts
+    Oper net 1,492,0000 vs 433,000
+    Sales 30.9 mln vs 24.8 mln
+    NOTE: Net excludes discontinued operations losses 768,000
+dlrs vs 40,000 dlrs in quarter and loss 700,000 dlrs vs gain
+307,000 dlrs in year.
+    1985 year net excludes gain 482,000 dlrs from change in
+accounting for investment tax credits.
+    Share adjusted for August 1986 100 pct stock dividend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12825" NEWID="641">
+<DATE> 2-MAR-1987 13:43:40.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0571&#31;reute
+d f BC-MOLECULAR-BIOSYSTEMS   03-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOLECULAR BIOSYSTEMS &lt;MOBI> OFFERS NEW PRODUCTS</TITLE>
+<DATELINE>    ATLANTA, March 2 - </DATELINE><BODY>Molecular Biosystems Inc said it
+announced new SNAP DNA Probe Kits for the detection of
+rotavirus and malaria.
+    The company said it also introduced the Extractor, a new
+DNA/RNA sample preparation column.
+    The company, based in San Diego, Calif., said the Extractor
+dramatically simplifies the isolation and purification of DNA
+and RNA from actual clnical samples.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12826" NEWID="642">
+<DATE> 2-MAR-1987 13:44:05.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0573&#31;reute
+h f BC-G.D.-RITZY'S-INC-&lt;RIT   03-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G.D. RITZY'S INC &lt;RITZ> 4TH QTR LOSS</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 2 - </DATELINE><BODY>Ended Jan four
+    Shr loss 14 cts vs loss 27 cts
+    Net loss 850,000 vs loss 1,400,000
+    Revs 2,280,000 vs 2,220,000
+    Year
+    Shr loss 30 cts vs loss 1.06 dlrs
+    Net loss 1,800,000 vs loss 5,500,000
+    Revs 9,500,000 vs 12.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12827" NEWID="643">
+<DATE> 2-MAR-1987 13:44:39.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0574&#31;reute
+h f BC-WESTERN-DIGITAL-&lt;WDC>   03-02 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN DIGITAL &lt;WDC> ADDS ELECTRONIC MAIL</TITLE>
+<DATELINE>    IRVINE, Calif., March 2 - </DATELINE><BODY>Western Digital Corp said it is
+adding the Network Courier, an electronic mail software package
+by Consumers Software, to its Local Area Network (LAN)
+products.
+    The company said The Network Courier allows LAN users to
+exchange messages and complete files without having to exit
+their current applications and to exchange mail and files with
+remote networks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12828" NEWID="644">
+<DATE> 2-MAR-1987 13:45:56.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0576&#31;reute
+u f BC-TRIANGLE-INDUSTRIES-I   03-02 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIANGLE INDUSTRIES INC &lt;TRI> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 2 -
+    </DATELINE><BODY>Oper shr loss three cts vs profit 27 cts
+    Oper net loss 178,000 vs profit 4,165,000
+    Sales 783.7 mln vs 464.6 mln
+    Avg shrs 25.3 mln vs 10.3 mln
+    Year
+    Oper shr profit 2.61 dlrs vs profit 2.75 dlrs
+    Oper shr diluted profit 2.05 dlrs vs profit 2.66 dlrs
+    Oper net profit 47.6 mln vs profit 31.0 mln
+    Sales 2.67 billion vs 1.65 billion
+    Avg shrs 16.0 mln vs 9.8 mln
+    Avg shrs diluted 24.5 mln vs 10.2 mln
+    NOTES: Results include American Can Packaging Inc and
+National Can Corp from acquisition on Nov 1, 1986, and April
+16, 1985, respectively
+    1986 4th qtr oper results reduced 3.0 mln dlrs, or 12 cts a
+share, by retroactive elimination of investment tax credits
+    1985 operating profit includes gains of 1.8 mln dlrs, or 17
+cts a share, in quarter and 6.8 mln dlrs, or 67 cts a share, in
+year from sale of investments
+    Operating net excludes loss of 647,000 dlrs, or three cts a
+share, vs profit 173,000 dlrs, or two cts a share, in quarter
+and loss 647,000 dlrs, or four cts a share, vs profit 5,847,000
+dlrs, or 60 cts a share, in year from discontinued operations.
+    1986 operating results also exclude charges of 1,271,000
+dlrs, or five cts a share, in quarter and 34.0 mln dlrs, or
+2.12 dlrs a share, in year from early extinguishment of debt
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12829" NEWID="645">
+<DATE> 2-MAR-1987 13:46:13.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0577&#31;reute
+u f BC-FLUOR-CORP-&lt;FLR>-DEBT   03-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLUOR CORP &lt;FLR> DEBT DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Moody's Investors Service Inc said it
+lowered the ratings on about 390 mln dlrs of Fluor Corp's
+long-term debt and commercial paper.
+    Moody's said the action, which completes a review begun
+February 6, reflects expectations that pressure on earnings and
+cash flow are likely to continue for some time.
+    This will result in stress on debt-protection measures,
+although the firm's continuing core businesses have strong
+positions within their industries. Ratings cut include those on
+senior notes, Eurobonds and pollution control bonds to BA-2
+from BAA-3 and commercial paper to not-prime from prime-3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12830" NEWID="646">
+<DATE> 2-MAR-1987 13:47:14.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0578&#31;reute
+d f BC-ESI-INDUSTRIES-INC-&lt;E   03-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESI INDUSTRIES INC &lt;ESI> 4TH QTR NET</TITLE>
+<DATELINE>    DALLAS, March 2 -
+    </DATELINE><BODY>Oper shr five cts vs 15 cts
+    Oper net 236,996 vs 661,780
+    Revs 11.3 mln vs 11.00 mln
+    Avg shrs 4,249,221 vs 4,218,754
+    Year
+    Oper shr 33 cts vs 57 cts
+    Oper net 1,465,700 vs 2,033,457
+    Revs 44.0 mln vs 41.4 mln
+    Avg shrs 4,348,127 vs 3,431,669
+    NOTE: Net excludes discontinued TGC Industries Inc
+operations nil vs gain 123,174 dlrs in quarter and loss 213,809
+dlrs vs gain 377,412 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12831" NEWID="647">
+<DATE> 2-MAR-1987 13:49:18.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0579&#31;reute
+d f BC-ELECTRONIC-CONTROL-&lt;E   03-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRONIC CONTROL &lt;ECSIU> INITIAL OFFER STARTS</TITLE>
+<DATELINE>    EAST ORANGE, N.J., March 2 - </DATELINE><BODY>Electronic Control Security
+Inc said an initial public offering of 1,250,000 units is under
+way at 1.60 dlrs each through underwriters led by Jersey
+Capital Markets Group Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12832" NEWID="648">
+<DATE> 2-MAR-1987 13:49:42.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0581&#31;reute
+f f BC-******SEARS-TO-CLOSE   03-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEARS TO CLOSE CHICAGO DISTRIBUTION CENTER, LAY OFF UP TO 1,800 EMPLOYEES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12833" NEWID="649">
+<DATE> 2-MAR-1987 13:50:01.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0582&#31;reute
+d f BC-THUNANDER-CORP-&lt;THDR>   03-02 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THUNANDER CORP &lt;THDR> YEAR NET</TITLE>
+<DATELINE>    ELKHART, Ind., March 2 -
+    </DATELINE><BODY>Shr 73 cts vs 58 cts
+    Shr diluted 69 cts vs 54 cts
+    Net 1,101,000 vs 901,000
+    Sales 33.0 mln vs 29.1 mln
+    NOTE: Results include BMD of New England Inc from September
+1, 1986 purchase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12834" NEWID="650">
+<DATE> 2-MAR-1987 13:50:09.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0583&#31;reute
+d f BC-TYLAN-&lt;TYLN>-RENEWS-C   03-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TYLAN &lt;TYLN> RENEWS CREDIT LINE</TITLE>
+<DATELINE>    CARSON, Calif., March 2 - </DATELINE><BODY>Tylan Corp said it renewed its
+eight mln dlr annual credit agreement with Bank of America and
+First Los Angeles Bank.
+    The agreement includes a revolving credit line and a term
+loan through December 31, 1987, both of which are secured by
+the assets of the company, Tylan said.
+    It said both lines bear interest at one pct over the prime
+rate, subject to upward adjustment based on certain
+contingencies.
+    Terms of the agreement include warrants for the banks to
+buy up to 200,000 Tylan shares, the company also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12835" NEWID="651">
+<DATE> 2-MAR-1987 13:50:18.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0584&#31;reute
+r f BC-NACCO-INDUSTRIES-&lt;NC>   03-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NACCO INDUSTRIES &lt;NC> UNIT TO BE SOLD</TITLE>
+<DATELINE>    CLEVELAND, March 2 - </DATELINE><BODY>Nacco Industries Inc said a group of
+utilities, called the Capco group, has taken actions to
+exercise its option to acquire the Quarto Mining Co unit of
+Nacco's North American Coal Co.
+    The purchase would be for about 10 mln dlrs, and would, if
+completed, generate a substantial capital gain for Nacco, the
+company said. The price is equal to the value of coal reserves
+contributed to Quarto by North American Coal.
+    In 1986, Quarto produced about 3.6 mln tons of coal and net
+earnings of 5.9 mln dlrs, Nacco said.
+    Capco is a group of utilities that includes Ohio Edison Co
+&lt;OEC> and Centerior Energy Corp &lt;CX>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12836" NEWID="652">
+<DATE> 2-MAR-1987 13:51:06.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0588&#31;reute
+d f BC-&lt;PORSCHE-AG>-RAISING   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PORSCHE AG> RAISING U.S. PRICES</TITLE>
+<DATELINE>    RENO, Nev., March 2 - </DATELINE><BODY>Porsche AG said its Porsche Cars
+North America Inc affiliate will raise prices of 1987 models,
+starting with vehicles produced after April 30, an average of
+three pct on base prices and 2.5 pct on all options.
+    It said new prices are 23,910 dlrs for the 924S, up from
+22,995 dlrs, 27,840 dlrs for the 944, up from 26,775 dlrs,
+30,850 dlrs for the 944S, up from 29,665 dlrs, 36,300 dlrs for
+the 944 Turbo, up from 34,915 dlrs, 41,440 dlrs for the 911
+Coupe, up from 40,425 dlrs, 43,.590 dlrs for the 911 Targa, up
+from 42,525 dlrs, and 47,895 dlrs for the 911 Cabriolet, up
+from 46,725 dlrs.
+    The company said it also raised prices to 63,295 dlrs for
+the 911 Turbo Coupe, up from 61,750 dlrs, to 71,035 dlrs on the
+911 Turbo Targa, up from 69,300 dlrs, to 78,415 dlrs on the 911
+Turbo Cabriolet, up from 76,500 dlrs, and to 63,520 dlrs on the
+928S 4, up from 61,970 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12837" NEWID="653">
+<DATE> 2-MAR-1987 13:51:28.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0589&#31;reute
+r f BC-VALLEY-FEDERAL-&lt;VFED>   03-02 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALLEY FEDERAL &lt;VFED> NAMES NEW OFFICERS</TITLE>
+<DATELINE>    VAN NUYS, Calif., March 2 - </DATELINE><BODY>Valley Federal Savings and Loan
+Association said it appointed Joseph Biafora to the post of
+chairman and the company's president, Donald Headlund, was
+named to the additional post of chief executive.
+    The new appointments follow the death of former chairman
+and chief executive Robert Gibson, the company said.
+    It said Biafora had been vice chairman of the board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12838" NEWID="654">
+<DATE> 2-MAR-1987 13:51:52.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0590&#31;reute
+u f BC-DEAN-WITTER   03-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> DEAN WITTER UNIT AGREES TO SEC CENSURE</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Federal regulators said Dean Witter
+Reynolds Inc, the brokerage subsidiary of Sears, Roebuck and
+Co, agreed to a censure to settle charges that it failed to
+fully report cash transactions.
+    In a complaint which was issued simultaneously with the
+settlement, the Securities and Exchange Commission charged Dean
+Witter, the fourth largest U.S. brokerage house, with failing
+to report more than one mln dlrs of cash transactions.
+    In its administrative complaint, the SEC stressed that was
+not charging Dean Witter with taking part in a scheme to
+launder cash.
+    But it said it found 35 single lump sum cash deposits in
+excess of 10,000 dlrs made with Dean Witter's branch offices
+and another three multiple cash deposits made by a customer on
+a single day which totaled more than 10,000 dlrs. The total
+unreported cash was 1,062,234 dlrs, the agency said.
+    Federal law requires brokerage firms and banks to report to
+the Treasury Department all cash deposits greater than 10,000
+dlrs.
+    After examining seven pct of the Dean Witter's branch
+offices between July 1983 and April 1985, the SEC said it found
+that the firm reported 1,880,376 dlrs in cash deposits, each of
+which had been greater than 10,000 dlrs, but failed to report
+another 1,062,234 dlrs.
+    Besides agreeing to the censure, Dean Witter agreed to
+tighten its oversight of its branch offices.
+    Another major brokerage firm, E.F. Hutton Group Inc,
+recently disclosed in an SEC filing that a federal grand jury
+in Providence, R.I., was probing its compliance with cash
+deposit reporting requirements at its Providence office.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12839" NEWID="655">
+<DATE> 2-MAR-1987 13:52:27.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0592&#31;reute
+d f BC-BANKEAST-CORP-&lt;BENH>   03-02 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKEAST CORP &lt;BENH> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    MANCHESTER, N.H., March 2 - </DATELINE><BODY>BankEast Corp said it has
+completed the acquisition of United Banks Corp in an exchange
+of 1.86 BankEast shares for each United share.
+    It said the acquisition is worth about 11.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12840" NEWID="656">
+<DATE> 2-MAR-1987 13:52:50.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0594&#31;reute
+u f BC-U.S.-SAYS-TIN-DISPOSA   03-02 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAYS TIN DISPOSALS WILL NOT AFFECT ACCORD</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>U.S. tin disposals should have little
+effect on an agreement reached last weekend by tin producing
+countries to limit group exports to 96,000 tonnes in the year
+started March 1, a government official said.
+    The agreement by the seven-member Association of Tin
+Producing Countries (ATPC) aimed to cut the world surplus and
+boost prices. Following the accord, ATPC Chairman Subroto
+appealed to the United States to restrict its tin releases from
+its strategic stockpile.
+    "We don't think that (the U.S. government) has a large
+influence in the (tin) market at this stage of the game," said
+Thomas O'Donnell, Director of International Commodities at the
+State Department. Last year the United States released about
+4,900 tonnes of tin to two ferroalloy firms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12841" NEWID="657">
+<DATE> 2-MAR-1987 13:53:11.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0596&#31;reute
+u f BC-BANNER-&lt;BNR>-TO-ACCEP   03-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANNER &lt;BNR> TO ACCEPT REXNORD &lt;REX> SHARES</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Banner Industries Inc said it plans to
+accept for payment after the close of business today all the
+common shares of Rexnord Inc that were tendered under its 26.25
+dlr per share tender offer.
+    Banner said its offer for all of the roughly 20 mln shares
+of Rexnord it did not already own expired last Friday and will
+not be extended.
+    Based on a preliminary count, about 19.8 mln Rexnord shares
+were tendered under the offer, Banner said.
+    Combined with the roughly five mln shares it already holds,
+Banner said it will own about 97 pct of Rexnord's shares.
+    Banner said last Friday that it had arranged bank credit to
+finance most of the tender offer and the subsequent merger with
+Rexnord, under which remaining Rexnord holders may receive
+26.25 dlrs a share.
+    It said the balace of the funds will be obtained through a
+private placement, for which Drexel Burnham Lambert Inc is
+acting as agent.
+    Banner said it expects to complete the merger with Rexnord
+within 60 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12842" NEWID="658">
+<DATE> 2-MAR-1987 13:53:46.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0601&#31;reute
+h f BC-AMERICAN-NURSERY-&lt;ANS   03-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN NURSERY &lt;ANSY> MAKES ACQUISITION</TITLE>
+<DATELINE>    TAHLEQUAH, Okla., March 2 - </DATELINE><BODY>American Nursery Products Inc
+said it has purchased Heini's Nursery Inc of Miami, which grows
+indoor foliage plants for wholesale distribution and had sales
+of 4,472,0000 dlrs for the year ended August 31.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12843" NEWID="659">
+<DATE> 2-MAR-1987 13:54:34.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0605&#31;reute
+r f BC-DOT-REJECTS-SMOKING-B   03-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOT REJECTS SMOKING BAN ON DOMESTIC FLIGHTS</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The U.S. Department of Transportation
+(DOT) has concluded that a ban on smoking on all domestic
+airline flights is not justified at this time.
+    The department made known its conclusions in a report to
+Congress, made public today, on a recommendation by the
+National Academy of Sciences that such a ban be adopted.
+    "We agree that exposure to environmental tobacco smoke could
+be viewed as a problem by some crew and passengers. However, we
+believe that further study is needed before the department can
+propose a definitive response to this recommendation," the DOT
+report said.
+    The National Academy of Sciences (NAS) had studied the
+issue of smoking on airlines under a DOT grant.
+    It recommended a ban in August after concluding that
+tobacco smoke, when confined to an airliner's cabin, posed
+potential health hazards to cabin crew members, irritated 
+passengers and crew, and created a risk of fires.
+    The DOT said more study was needed of the health effects of
+environmental tobacco smoke and of the concentration and
+distribution of pollutants on various aircraft types.
+    It also called for more study of possible changes in
+aircraft ventilation systems and said it wanted to spend more
+time considering whether a ban should be extended to 
+international as well as domestic flights.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12844" NEWID="660">
+<DATE> 2-MAR-1987 13:55:04.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0606&#31;reute
+u f BC-AMC-&lt;AMO>-SAYS-STEPS   03-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMC &lt;AMO> SAYS STEPS TAKEN AFTER UAW TALKS FAIL</TITLE>
+<AUTHOR>    By Richard Walker, Reuters</AUTHOR>
+<DATELINE>    DETROIT, March 2 - </DATELINE><BODY>American Motors Corp said it will take
+steps to build a proposed new jeep vehicle at an unspecified
+"alternative location" after the weekend breakdown of talks
+with the United Automobile Workers union on a concessionary
+contract covering workers at AMC's Wisconsin operations.
+    AMC spokesman Lloyd Northard told Reuters that the company
+will not build its new Jeep ZJ sports utility vehicle at its
+Kenosha, Wisc., assembly plant as a result of the talks'
+failure.
+    "We sincerely regret this outcome, but the responsibility
+for it rests entirely with the local union bargaining
+committees," the company said in a statement.
+    "We will, therefore, initiate the actions necessary to
+place the new Jeep product in an alternative location rather
+than at Kenosha."
+    UAW officials said during the weekend they did not regard
+the collapse of talks as final after the company's "final"
+proposal on a new contract was unanimously rejected by union
+bargainers.
+    But AMC said the union's rejection of its concessions
+package means that plants in Kenosha and Milwaukee will lose
+6,500 jobs because the assembly complex in Kenosha "will not be
+getting new work" as had been proposed with a new contract.
+    "This unfortunate outcome demonstrates the difficulty of
+maintaining existing working and bringing new work to existing
+U.S. operations," AMC said.
+    Asked if the company considered the decision to phase out
+the Kenosa plant by 1989 as previously detailed to be final,
+Northard said: "If the union came to us and said they would
+accept our final proposal, that's another matter."
+    But the company charged bargainers for UAW Locals 72 and 75
+had reneged on commitments for a new agreement with lower labor
+rates made in 1985 when the union locals negotiated a
+concessionary agreement covering AMC's Wisconsin operations.
+    AMC, which last week reported its first profitable quarter
+in two years, said it wanted a contract for the plants with
+labor rates and work rules comparable to agreements between the
+UAW and Japanese automakers operating in the U.S.
+    Wall Street investors reacted to the AMC-UAW impasse by
+driving down AMC's stock price. In active trading, AMC was off
+3/8 to 3-1/2, a 9.7 pct decline since Friday's close.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12845" NEWID="661">
+<DATE> 2-MAR-1987 14:01:56.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0622&#31;reute
+w f BC-ARCHIVE-CORP-&lt;ACHV>-S   03-02 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARCHIVE CORP &lt;ACHV> SIGNS DISTRIBUTOR AGREEMENT</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 2 - </DATELINE><BODY>Archive Corp said it signed
+an agreement under which &lt;Microamerica>, a value-added reseller
+of personal computers, peripherals and supplies, will
+distribute its Archive XL tape drive.
+   Archive said Microamerica will carry both models of the XL
+drive, a 40-megabyte, 5.25-inch drive based on the QIC-40
+standard that is compatible with the IBM PC/XT and PC/AT PCs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12846" NEWID="662">
+<DATE> 2-MAR-1987 14:02:09.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0624&#31;reute
+d f BC-INSPEECH-&lt;INSP>-MAKES   03-02 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSPEECH &lt;INSP> MAKES ACQUISITIONS</TITLE>
+<DATELINE>    VALLEY FORGE, Pa., March 2 - </DATELINE><BODY>InSpeech Inc said it has
+acquired Northwest Rehabilitation Inc and Len M. House and
+Associates and United Rehabilitation Inc for undisclosed terms.
+    Northwest provides physical therapy services and has annual
+sales of about six mln dlrs and Houyse provides speech therapy
+services and has annual sales of about 4000,000 dlrs.  Both are
+based in Minneapolis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12847" NEWID="663">
+<DATE> 2-MAR-1987 14:03:04.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0631&#31;reute
+f f BC-******SEARS-TO-TAKE-2   03-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEARS TO TAKE 20 MLN DLR AFTER-TAX CHARGE IN FIRST QUARTER FOR RESTRUCTURING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12848" NEWID="664">
+<DATE> 2-MAR-1987 14:03:57.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0637&#31;reute
+d f BC-STATUS-GAME-&lt;STGM>-TO   03-02 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATUS GAME &lt;STGM> TO INTRODUCE VIDEO BINGO</TITLE>
+<DATELINE>    LAS VEGAS, March 2 - </DATELINE><BODY>Status Game Corp said it is
+introducing a new Video Bingo game that enables the player to
+buy up to four bingo cards and at the same time play against
+computer simulated bingo games.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12849" NEWID="665">
+<DATE> 2-MAR-1987 14:04:57.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0643&#31;reute
+b f BC-VERSATILE-UNIT-HAS-LE   03-02 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VERSATILE UNIT HAS LETTER OF INTENT TO BUILD 320 MLN DLR ICEBREAKER FOR FEDERAL GOVERNMENT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12850" NEWID="666">
+<DATE> 2-MAR-1987 14:06:12.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0649&#31;reute
+d f BC-BAYER-&lt;BAYRY>-MAKES-U   03-02 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYER &lt;BAYRY> MAKES U.S. ACQUISITION</TITLE>
+<DATELINE>    PITTSBURGH, MArch 2 - </DATELINE><BODY>Bayer AG of West Germany said it has
+acquired Wyrough and Loser Inc of Trenton, a maker of rubbr
+processing chemicals, for undisclosed terms.
+    It said its Mobay Corp subsidiary will transfer its entire
+U.S. Rhein-Chemie Rheinau GmbH specialty chemicals business for
+the rubber, plastics and lube oil industries to Wyrough and
+Loser later this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12851" NEWID="667">
+<DATE> 2-MAR-1987 14:06:31.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0650&#31;reute
+d f BC-EAGLE-ENTERTAINMENT-&lt;   03-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAGLE ENTERTAINMENT &lt;EEGL> TO MANAGE AFFILIATE</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Eagle Entertainment Inc said it
+signed a 10-year management and consulting agreement with 47.5
+pct owned &lt;Performance Guarantees Inc> to manage the
+affiliate's business and retain 90 pct of its revenues.
+    PGI provides independent film producers and their investors
+or lenders with "completion bonds" which guarantee that a film
+will be completed and delivered within budget and on schedule.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12852" NEWID="668">
+<DATE> 2-MAR-1987 14:07:55.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0654&#31;reute
+u f BC-GULF-ARAB-OIL-MEETING   03-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF ARAB OIL MEETING ENDS</TITLE>
+<DATELINE>    BAHRAIN, March 2 - </DATELINE><BODY>Deputy oil ministers of the six-nation
+Gulf Co-operation Council (GCC) ended a meeting here after
+discussing co-ordination and co-operation in the oil field, the
+Bahrain-based Gulf News Agency (GNA) said.
+    The deputy ministers, who declined to talk to reporters on
+the outcome of the 90 minute formal session, later concluded a
+round of informal talks.
+    The GCC groups four OPEC members -- Saudi Arabia, Kuwait,
+Qatar and the United Arab Emirates --  and non-OPEC nations
+Bahrain and Oman.
+    Before the formal session had begun, chairman Yousef
+Shirawi, Bahrain's Development and Industry Minister, told
+reporters the gathering was a follow-up to talks held last
+Sunday in Qatar at full ministerial level.
+    GNA gave no details on the outcome of today's talks.
+    It said only, "The deputy ministers discussed current
+developments in the oil market, particularly those relating to
+production and prices."
+    The meeting in Qatar had reaffirmed the six Gulf Arab
+countries' commitment to OPEC's pricing and production accord
+forged in December last year.
+    It also discussed ways of marketing crude oil on behalf of
+those GCC states encountering resistance to official OPEC
+prices.
+    Oil industry sources have said Qatar has faced particular
+difficulty in selling its full quota of production.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12853" NEWID="669">
+<DATE> 2-MAR-1987 14:08:10.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0656&#31;reute
+r f BC-APPLE-&lt;AAPL>,-AST-&lt;AS   03-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLE &lt;AAPL>, AST &lt;ASTA> OFFER MS-DOS PRODUCTS</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Apple Computer Inc and AST Research
+Inc said they are offering two products that allow MS-DOS
+software compatibility with Apple's new Macintosh SE and
+Macintosh II.
+    "Apple understands the importance of information sharing in
+multiple vendor environments," said Apple Chairman John
+Sculley, at a seminar where the new products were released.
+    The products allow the new Macintosh computers to run
+MS-DOS applications in a window at the speed of an IBM PC-XT
+and IBM PC-AT.
+    The products will require an external MS-DOS drive, which
+Apple also announced today.
+    Apple also introduced a host of other products, including
+storage devices, memory upgrade kits, keyboards and two display
+monitors.
+    In addition, it announced jointly with Dow Jones and Co
+&lt;DJ> and MCI Communications Corp &lt;MCIC> new electronic mail
+software, called Desktop Express, that lets users send graphic
+documents over telephone wires.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12854" NEWID="670">
+<DATE> 2-MAR-1987 14:08:21.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0658&#31;reute
+d f BC-NOLAND-&lt;NOLD>-FEBRUAR   03-02 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOLAND &lt;NOLD> FEBRUARY SALES OFF TWO PCT</TITLE>
+<DATELINE>    NEWPORT NEWS, Va., March 2 - </DATELINE><BODY>Noland Co said February sales
+were off 2.3 pct to 29.4 mln dlrs from 300.1 mln dlrs a year
+earlier, with year-to-date sales off 9.6 pct to 55.3 mln dlrs
+from 61.2 mln dlrs.
+    The company blamed extremely disruptive winter weather in
+many of its markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12855" NEWID="671">
+<DATE> 2-MAR-1987 14:09:40.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0661&#31;reute
+u f BC-GOVERNMENT-BOND-BROKE   03-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOVERNMENT BOND BROKER SEES WIDER DATA ACCESS</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>The major U.S. Government bond brokers
+are likely to give in to pressure from regulators and investors
+within the next 18 months, making their direct-dealing screens
+available to many of those firms that are not now eligible to
+receive them, said Richard Lacy, Chairman of Exco International
+Inc.
+    Earlier today, Exco said it purchased an 80 pct interest in
+RMJ Holdings Corp, one of the largest of the four bond brokers
+that dominate the business.
+    In a telephone interview, Lacy said "Within 18 months, we
+think the number of players will be expanded."
+    Currently, the four major brokers will sell their
+direct-dealing screens to only primary dealers in U.S.
+Government securities or those that have applied to the Federal
+Reserve Bank of New york to become a primary dealer.
+    The U.S. Justice department is looking into whether
+limiting access to the screens to just a small group of dealers
+is a violation of U.S. Anti-trust laws.
+    Primary dealers, of which there are now 40, are an elite
+group of firms approved to buy Treasury securities directly
+from the Fed.
+    But Lacy said that any agreement to expand access to the
+brokers' direct-dealing screens is likely to be not as
+far-reaching as some would like. Instead of making screens
+available to any firm willing to pay for one, he said, it is
+more likely that a "second tier" will be established.
+    He also said that RMJ is not willing to break away from the
+group of bond brokers and be the only firm to make its screens
+widely available to any one who wants them.
+    Bond market sources had speculated that RMJ is better
+prepared to offer its services nationwide than its three major
+competitors.
+    Lacy also said that he does not see any immediate pressure
+for a further cut in commissions paid on bond transactions any
+time soon. In late 1985, transaction fees paid to brokers were
+cut in half to 39 dlrs per mln dlr transaction from 78 dlrs.
+    Some U.S. primary bond dealers have been suggesting that
+with further increases in transaction volume, fees can be cut
+without hurting the brokers' profits.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12856" NEWID="672">
+<DATE> 2-MAR-1987 14:11:33.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0666&#31;reute
+u f BC-EC-MINISTERS-STRUGGLE   03-02 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS STRUGGLE TO AGREE ON DAIRY CUTS</TITLE>
+<DATELINE>    BRUSSELS, March 2 - </DATELINE><BODY>European Community, EC, agriculture
+ministers struggled today to finalise new rules aimed at
+limiting sales into public cold stores of unwanted butter at
+high guaranteed EC prices, diplomats said.
+    The plan is the key element in a landmark accord to cut
+dairy output by 9.5 pct over two years agreed in outline last
+December after virtually nine days of non-stop negotiations.
+    The accord, which is due to operate from the start of the
+new milk marketing year on April 1, was hailed as the most
+significant step in an on-going campaign to reform costly EC
+farm policies and cut embarrassing food surpluses.
+    Diplomats say the December agreement itself is not
+threatened but that its effect could be considerably weakened
+if the proposals are altered too radically.
+    West Germany and Ireland are opposed to proposed limits on
+a farmer's now automatic right to sell surplus butter into
+public stores when market prices and stocks are high.
+    Faced with a butter "mountain" of a record 1.2 mln tonnes
+costing over two mln dlrs per day just to store, EC farm
+Commissioner Frans Andriessen says farmers must be encouraged
+to cut production to meet demand.
+    He is keen to reach an agreement on the milk problem before
+the ministers move on to consider this year's annual price
+review which proposes extending the new system for butter sales
+to other sectors such as cereals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12821" NEWID="673">
+<DATE> 2-MAR-1987 14:11:39.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0667&#31;reute
+u f BC-CONTINENTAL   03-02 0048</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - CONTINENTAL ILL &lt;CIL>
+    In WASHINGTON story, "CONTINENTAL ILL. &lt;CIL> TO
+RECHARACTERIZE LOSS," please read in second paragraph ... to
+report the 425 mln dlrs together with other required loan loss
+provisions instead of singling it out as a separate item. ....
+Reverses previous.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12857" NEWID="674">
+<DATE> 2-MAR-1987 14:13:37.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0674&#31;reute
+u f BC-/SEARS-&lt;S>-TO-RESTRUC   03-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> TO RESTRUCTURE DISTRIBUTION</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>Sears, Roebuck and Co said it will
+restructure its distribution operations, resulting in a 20 mln
+dlr after-tax charge against earnings in its first quarter.
+    The retailer on April 30 will close its major Chicago
+distribution center as the first part of the restructuring. A
+spokesman said up to 1,800 workers will be affected, with many
+of them laid off. Some of the workers may be transferred to
+other Sears operations.
+    Sears said the restructuring and consolidation will save
+about 150 mln dlrs by 1991.
+    Sears said it will set up a nationwide network of seven
+regions to handle all aspects of distribution of its products.
+    The closing of the Chicago plant will be followed by the
+shutdown of four other distribution units over the next several
+years. Distribution centers will be closed in Boston, Atlanta,
+Memphis and Minneapolis, with the Boston shutdown coming early
+next year. No other closings are planned before 1989.
+    A spokesman said that, while there will be layoffs at those
+facilities, the company does not yet know how many workers will
+be let go.
+    Sears' distribution will be consolidated under regional
+management in Columbus, Ohio, Dallas, Greensboro, N.C.,
+Jacksonville, Fla., Kansas City, Mo., Los Angeles and
+Philadelphia. However, Sears said it will also evaluate the
+productivity of the Los Angeles and Philadelphia facilities "to
+determine whether they will be modernized or relocated."
+    Responsibility for ordering distribution center inventory
+will be centralized in Chicago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12858" NEWID="675">
+<DATE> 2-MAR-1987 14:15:07.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0677&#31;reute
+f f BC-******B.F.-GOODRICH-T   03-02 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>B.F. GOODRICH TO PHASE OUT SOME BUSINESSES, CUT STAFF BY 790
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12859" NEWID="676">
+<DATE> 2-MAR-1987 14:16:51.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0680&#31;reute
+d f BC-DELTA-AIR-&lt;DAL>-BEGIN   03-02 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTA AIR &lt;DAL> BEGINS ATLANTA-TOKYO SERVICE</TITLE>
+<DATELINE>    ATLANTA, March 2 - </DATELINE><BODY>Delta Air Lines Inc said it began
+service from Atlanta to Tokyo today.
+    The carrier will fly single-plane through service departing
+daily from Atlanta and Tokyo five days a week, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12860" NEWID="677">
+<DATE> 2-MAR-1987 14:17:41.11</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0682&#31;reute
+u f BC-VERSATILE-TO-BUILD-PO   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERSATILE TO BUILD POLAR ICE BREAKER</TITLE>
+<DATELINE>    OTTAWA, March 2 - </DATELINE><BODY>Versatile Corp's shipbuilding subsidiary
+has a letter of intent to build a 320 mln dlr polar icebreaker
+for the Canadian coast guard, Transport Minister John Crosbie
+said.
+    In a Vancouver address, Crosbie said Versatile Pacific
+Shipyards Inc was the low bidder to build the Arctic Class 8
+icebreaker, but the company must meet certain financial and
+engineering conditions before the contract is awarded.
+    The government also announced it will provide up to 13 mln
+dlrs in loan insurance to help Versatile prepare for the
+construction of the vessel.
+said before the contract can be awarded Versatile "will be
+required to offer assurances that the shipyard is technically
+and financially capable of performing the work."
+    Crosibie said Versatile's bid was 100 mln dlrs lower than
+competing bidders and will generate 1,000 person years of
+direct employment.
+    Work on the vessel, which Crosbie said would be the most
+powerful icebreaker in the world, would begin next year and
+completed in 1992.
+    The government announced plans to build the icebreaker last
+year following the controversial passage of the U.S. Coast
+Guard's vessel, the Polar Sea, through the disputed Northwest
+Passage. The U.S. government did not seek permission for the
+journey, claiming the area was an international water way.
+    The government said the icebreaker was needed to back up
+the country's claim of sovereignty in the Arctic.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12861" NEWID="678">
+<DATE> 2-MAR-1987 14:17:51.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0683&#31;reute
+r f BC-CHRYSLER-&lt;C>-UNIT-SEL   03-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> UNIT SELLS NOTES AT 7-5/8 PCT</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Chrysler Financial Corp, a unit of
+Chrysler Corp, is raising 250 mln dlrs through an offering of
+notes due 1992 with a 7-5/8 pct coupon and par pricing, said
+lead manager Salomon Brothers Inc.
+    That is 93.5 basis points above the yield of comparable
+Treasury securities. Non-callable for life, the issue is rated
+Baa-1 by Moody's and BBB by Standard and Poor's. Merrill Lynch
+Capital Markets co-managed the deal.
+    On February 10, Chrysler Financial sold 200 mln dlrs of
+same-rated seven-year notes priced to yield 8.13 pct, or 100
+basis points over Treasuries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12862" NEWID="679">
+<DATE> 2-MAR-1987 14:18:06.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0684&#31;reute
+h f BC-&lt;PANTRY-INC>-INB-TALK   03-02 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PANTRY INC> INB TALKS ON BEING ACQUIRED</TITLE>
+<DATELINE>    SANFORD, N.C., March 2 - </DATELINE><BODY>Privately-held Pantry Inc, which
+operates 477 convenience stores in five Southeastern states,
+said it has engaged Alex. Brown and Sons Inc &lt;ABSB> to explore
+a possbile sale of the company.
+    It said it expects to start talks with prospective
+acquirers shortly. The company said it has been approached by a
+number of parties in recent months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12863" NEWID="680">
+<DATE> 2-MAR-1987 14:18:12.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0685&#31;reute
+r f BC-CONGRESS-VIDEO-GROUP   03-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONGRESS VIDEO GROUP INC &lt;CVGI> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Qtr ends Dec 31
+    Shr profit three cts vs loss three cts
+    Net profit 129,000 vs loss 85,000
+    Revs 4,001,000 vs 4,347,000
+    Avg shrs 3,994,347 vs 3,769,347
+    Nine mths
+    Shr loss 75 cts vs profit 39 cts
+    Net loss 2,900,000 vs profit 1,753,000
+    Revs 7,472,000 vs 15.3 mln
+    Avg shrs 3,845,438 vs 4,470,275
+    NOTE: net 1986 includes tax gain carryforward from
+discontinued operations of Master's Merchandise Group in year
+prior.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12864" NEWID="681">
+<DATE> 2-MAR-1987 14:18:24.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0686&#31;reute
+h f BC-FIRST-FINANCIAL-MANAG   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FINANCIAL MANAGEMENT &lt;FFMC> REVISES PACT</TITLE>
+<DATELINE>    ATLANTA, March 2 - </DATELINE><BODY>First Financial Management Corp said it
+revised the agreement under which it provides data processing
+services to First Union Corp of Georgia &lt;FUNC>.
+    The company said the revised agreement establishes specific
+minimum payments to be made by First Union and shortens the
+duration of the original pact by 16 months, with the new
+agreement expiring on December 31, 1989.
+    Under terms of the amended contract, First Financial said
+it received 19.8 mln dlrs in cash and is guaranteed an
+additional 50.3 mln dlrs in service revenues.
+    The company said the agreement calls for minimum payments
+of 16.5 mln dlrs for the balance of 1987, 18 mln dlrs in 1988
+and 15.8 mln dlrs in 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12865" NEWID="682">
+<DATE> 2-MAR-1987 14:18:47.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0687&#31;reute
+u f BC-&lt;RENOUF-CORP>-TO-PROC   03-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;RENOUF CORP> TO PROCEED WITH BENEQUITY &lt;BH> BID</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Renouf Corp of New Zealand said it
+has decided to proceed with its offer for all outstanding units
+of Benequity Holdings at 31 dlrs per unit.
+    The company had been required to redice by March Two
+whether to proceed with the offer or terminate it, based on its
+ability to obtain financing and on its review of Benequity
+operations.  The offer is to expire March 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12866" NEWID="683">
+<DATE> 2-MAR-1987 14:19:13.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0689&#31;reute
+u f BC-INTEGRATED-GENERICS-&lt;   03-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED GENERICS &lt;IGN> WILL NOT COMMENT</TITLE>
+<DATELINE>    BELLPORT, N.Y., March 2 - </DATELINE><BODY>Integrated Generics Inc said it
+is in the midst of several developments which could be
+favorable for the company but can make no further comments at
+the present time.
+    The company said it released this brief statement in
+response to the American Stock Exchange's inquiry on the
+activity of the company's common stock, which was up 5/8 to
+five in midafternoon trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12867" NEWID="684">
+<DATE> 2-MAR-1987 14:21:46.59</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>cuba</D><D>ussr</D><D>brazil</D><D>syria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0692&#31;reute
+b f BC-CUBA-TELL-TRADERS-EXP   03-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUBA TELLS TRADERS SUGAR EXPORTS MAY BE DELAYED</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Cuba has told international sugar
+operators who have bought its sugar for shipment in March that
+these contracts will take second place to Cuba's direct
+shipments to its export markets, dealers here said.
+    Some traders who have received telexes from Cuba said the
+language of the message was not totally clear and some believed
+shipments would be honoured if the traders declare the Soviet
+Union as the destination of their contracts.
+    The telexes have fueled rising world prices in the last
+week and reflect a poor Cuban crop, worry over Brazil's export
+availability, and increasing Soviet demand, analysts said.
+    Traders said signs of Cuba's shortage of immediately
+available raw sugar to supply its traditional martkets was
+probably the factor behind Syria calling a snap buying tender
+last month.
+    Normally Syria calls white sugar buying tenders for forward
+delivery, and last month's spot requirement resulted in the
+sale of several cargoes.
+    Cuba in its telex told operators they would not receive
+March shipments as Cuba has to meet its contracts to export
+markets, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12868" NEWID="685">
+<DATE> 2-MAR-1987 14:21:54.25</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0693&#31;reute
+u f BC-GOODRICH-&lt;GR>-TO-PHAS   03-02 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODRICH &lt;GR> TO PHASE OUT SOME BUSINESSES</TITLE>
+<DATELINE>    AKRON, Ohio, March 2 - </DATELINE><BODY>B.F. Goodrich Co said it will phase
+out the production of aircraft tires, missile and marine
+products and molded rubber products in Akron, Ohio, by the end
+of 1987, laying off about 790 salaried, production, maintenance
+and support services employees.
+    The company said layoffs will start within the next few
+weeks.
+    Goodrich said it will continue to make chemicals and
+adhesives in Akron, employing about 356.  Another 5000 salaried
+employees in Akron work for Goodrich.
+    The company said it has not been able to operate the
+businesses being discontinued in Akron profitably enough to
+justify the large investment that it has in them.
+    Goodrich said it will continue to make aircraft tires at
+Norwood, N.C., and sonar domes at Jacksonville, Fla., and will
+relocate its molded rubber products business to a site not yet
+chosen.  It said it will stop making insulators for missiles.
+    Goodrich said it is prepared to discuss with officials of
+the United Rubber Workers Union severance benefits for affected
+employees and issues related to the continued operation in
+Akron of the chemical and adhesives businesses and to the
+phaseout of the Akron aircraft tire, missile and marine and
+molded rubber products manufacturing.
+    A company spokesman said it does not expect any adverse
+impact on earnings from the move.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12869" NEWID="686">
+<DATE> 2-MAR-1987 14:23:04.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0696&#31;reute
+r f BC-THUNANDER-CORP-&lt;THDR>   03-02 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THUNANDER CORP &lt;THDR> YEAR NET</TITLE>
+<DATELINE>    ELKHART, Ind., March 2 -
+    </DATELINE><BODY>Shr 73 cts vs 58 cts
+    Net 1,101,000 vs 901,000
+    Sales 32.9 mln vs 29.1 mln
+    Note: Results include operations of BMD of New England Inc,
+acquired Sept. 1, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12870" NEWID="687">
+<DATE> 2-MAR-1987 14:25:40.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0702&#31;reute
+d f BC-FINAL-TRUST-FOR-THRIF   03-02 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINAL TRUST FOR THRIFT INSTITUTIONS PAYOUT SET</TITLE>
+<DATELINE>    BOSTON, March 2 - </DATELINE><BODY>&lt;Massachusetts Financial Services Co>
+said it has set the final income and capital gain distributions
+for &lt;Trust for Thrift Institutions High Yield Series> of 1.069
+dlrs and 7.645 dlrs, respectively, payable today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12871" NEWID="688">
+<DATE> 2-MAR-1987 14:26:57.44</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>atpc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0703&#31;reute
+u f BC-(RPT)-U.S.-SAYS-TIN-D   03-02 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(RPT) U.S. SAYS TIN DISPOSALS WILL NOT AFFECT ACCORD</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>U.S. tin disposals should have little
+effect on an agreement reached last weekend by tin producing
+countries to limit group exports to 96,000 tonnes in the year
+started March 1, a government official said.
+    The agreement by the seven-member Association of Tin
+Producing Countries (ATPC) aimed to cut the world surplus and
+boost prices. Following the accord, ATPC Chairman Subroto
+appealed to the United States to restrict its tin releases from
+its strategic stockpile.
+    "We don't think that (the U.S. government) has a large
+influence in the (tin) market at this stage of the game," said
+Thomas O'Donnell, Director of International Commodities at the
+State Department. Last year the United States released about
+4,900 tonnes of tin to two ferroalloy firms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12872" NEWID="689">
+<DATE> 2-MAR-1987 14:27:01.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0704&#31;reute
+f f BC-******ROSPATCH-TO-RES   03-02 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROSPATCH TO RESPOND TO DIAGNOSTIC BID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12873" NEWID="690">
+<DATE> 2-MAR-1987 14:32:04.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0717&#31;reute
+s f BC-FRANKLIN-INSURED-TAX-   03-02 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN INSURED TAX-FREE SETS PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 7.1 cts vs 7.1 cts prior
+    Pay March 31
+    Record March 16
+    NOTE: Franklin Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12874" NEWID="691">
+<DATE> 2-MAR-1987 14:32:09.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0718&#31;reute
+s f BC-FRANKLIN-MINNESOTA-IN   03-02 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN MINNESOTA INSURED SETS PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 6.6 cts vs 6.6 cts prior
+    Pay March 31
+    Record March 16
+    NOTE: Franklin Minneosta Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12875" NEWID="692">
+<DATE> 2-MAR-1987 14:32:15.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0719&#31;reute
+s f BC-FRANKLIN-MICHIGAN-INS   03-02 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN MICHIGAN INSURED SETS PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 6.9 cts vs 6.9 cts prior
+    Pay March 31
+    Record March 16
+    NOTE: Franklin Michigan Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12876" NEWID="693">
+<DATE> 2-MAR-1987 14:32:22.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0720&#31;reute
+r f BC-FRANKLIN-MASSACHUSETT   03-02 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN MASSACHUSETTS INSURED CUTS PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 6.5 cts vs 6.8 cts prior
+    Pay March 31
+    Record March 16
+    NOTE: Franklin Massachusetts Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12877" NEWID="694">
+<DATE> 2-MAR-1987 14:33:14.20</DATE>
+<TOPICS><D>oilseed</D><D>grain</D><D>soybean</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0724&#31;reute
+f f BC-export-inspections   03-02 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 20,349 WHEAT 14,070 CORN 21,989
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12878" NEWID="695">
+<DATE> 2-MAR-1987 14:33:55.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0729&#31;reute
+s f BC-FRANKLIN-CALIFORNIA-T   03-02 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN CALIFORNIA TAX-FREE SETS PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 6.5 cts vs 6.5 cts prior
+    Pay March 31
+    Record March 16
+    NOTE: Franklin California Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12879" NEWID="696">
+<DATE> 2-MAR-1987 14:35:03.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0735&#31;reute
+r f BC-DIAGNOSTIC-PRODUCTS-&lt;   03-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAGNOSTIC PRODUCTS &lt;DPCZ> SEES EARNINGS GROWTH</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Diagnostic Products Corp president and
+chief executive officer Sigi Ziering said he expects to
+maintain the same compound average annal net income growth in
+1987 as the company has for the past five years.
+    "We expect the same performance in net income over the next
+five years as we have had in the past," Ziering said.
+    Over the past five years Ziering said the company has had
+average compound net income growth of 32 pct annually with a 27
+pct per year growth in earnings per share. For 1986 the company
+had net income of 6.3 mln dlrs, or 1.07 dlrs per share, vs 3.9
+mln dlrs, or 73 cts per share in 1985.
+    Diagnostic manufactures medical immunological diagnostic
+test kits.
+    Ziering said he expects the earnings growth to result from
+positive effect of the weaker dollar on the company's exports
+sales as well as accelerated market penetration. Ziering said
+he expected the Food and Drug Administration to approve three
+more of its drug abuse test kits by the end of the year, which,
+depending on approval, should also help earnings growth.
+    Ziering said as a result of the new tax laws he expected
+the company's taxes to decrease by five pct to 31 pct of net
+income in 1987.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12880" NEWID="697">
+<DATE> 2-MAR-1987 14:35:31.05</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0738&#31;reute
+u f BC-CURRENCIES-COULD-REAS   03-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURRENCIES COULD INFLUENCE BULLION AGAIN-MONTAGU</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Currency fluctuations may reassert their
+influence on the bullion market in the near future, bullion
+bankers Samuel Montagu and Co Ltd said in a market report.
+    But the firm said silver may lag behind gold in any
+reactions to movements on foreign exchanges.
+    "OPEC's failure to address the recent decline in oil prices
+remains a worrying factor however, and on balance it appears
+that the market should be approached cautiously," Montagu said.
+    The bank said the US economy has shown no noticeable
+long-term improvement and that both Latin American debt and the
+Iranian arms affair could undermine confidence in the dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12881" NEWID="698">
+<DATE> 2-MAR-1987 14:35:48.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0741&#31;reute
+r f BC-DUNKIN'-DONUTS-INC-&lt;D   03-02 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUNKIN' DONUTS INC &lt;DUNK> 1ST QTR JAN 24 NET</TITLE>
+<DATELINE>    RANDOLPH, Mass., March 2 -
+    </DATELINE><BODY>Shr 46 cts vs 42 cts
+    Net 3,418,000 vs 3,129,000
+    Revs 24.7 mln vs 26.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12882" NEWID="699">
+<DATE> 2-MAR-1987 14:36:01.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0743&#31;reute
+d f BC-CCR-VIDEO-CORP-&lt;CCCR>   03-02 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCR VIDEO CORP &lt;CCCR> 1ST QTR NOV 30 NET</TITLE>
+<DATELINE>    LOS ANGELES, March 2 -
+    </DATELINE><BODY>Shr profit two cts vs loss 12 cts
+    Net profit 156,726 vs loss 776,000
+    Revs 1,157,883 vs 890,138
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12883" NEWID="700">
+<DATE> 2-MAR-1987 14:36:08.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0745&#31;reute
+s f BC-FRANKLIN-PUERTO-RICO   03-02 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN PUERTO RICO TAX-FREE SETS PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 7.1 cts vs 7.1 cts prior
+    Pay March 31
+    Record March 16
+    NOTE: Franklin Puerto Rico Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12884" NEWID="701">
+<DATE> 2-MAR-1987 14:36:12.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0746&#31;reute
+s f BC-FRANKLIN-OHIO-INSURED   03-02 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN OHIO INSURED TAX-FREE SETS PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 6.1 cts vs 6.1 cts prior
+    Pay March 31
+    Record March 16
+    NOTE: Franklin Ohio Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12885" NEWID="702">
+<DATE> 2-MAR-1987 14:36:22.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0748&#31;reute
+s f BC-FRANKLIN-HIGH-YIELD-T   03-02 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN HIGH-YIELD TAX-FREE SETS PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 2 -
+    </DATELINE><BODY>Mthly div 7.1 cts vs 7.1 cts prior
+    Pay March 31
+    Record March 16
+    NOTE: Franklin High-Yield Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12886" NEWID="703">
+<DATE> 2-MAR-1987 14:38:17.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0752&#31;reute
+r f BC-CONVERGENT-TECHNOLOGI   03-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONVERGENT TECHNOLOGIES &lt;CVGT> TO BUY OAKLEAF</TITLE>
+<DATELINE>    SAN JOSE, Calif., March 2 - </DATELINE><BODY>Convergent Technologies Inc
+said it has reached an agreement in principle to buy Oakleaf
+Corp, which supplies finance, insurance and leasing computers
+to auto dealers.
+    The transaction will involve an exchange of Oakleaf stock
+for cash and debt and is subject to a definitive agreement, the
+companys said. No other terms were disclosed.
+    Oakleaf had 1986 sales of about 26 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12887" NEWID="704">
+<DATE> 2-MAR-1987 14:38:34.72</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nymex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0753&#31;reute
+r f BC-NYMEX-WILL-EXPAND-OFF   03-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYMEX WILL EXPAND OFF-HOUR TRADING APRIL ONE</TITLE>
+<AUTHOR>     By BERNICE NAPACH, Reuters</AUTHOR>
+<DATELINE>     NEW YORK, March 2 - </DATELINE><BODY>The New York Mercantile Exchange set
+April one for the debut of a new procedure in the energy
+complex that will increase the use of energy futures worldwide.
+     On April one, NYMEX will allow oil traders that do not
+hold a futures position to initiate, after the exchange closes,
+a transaction that can subsequently be hedged in the futures
+market, according to an exchange spokeswoman.
+    "This will change the way oil is transacted in the real
+world," said said Thomas McKiernan, McKiernan and Co chairman.
+    Foreign traders will be able to hedge trades against NYMEX
+prices before the exchange opens and negotiate prices at a
+differential to NYMEX prices, McKiernan explained.
+     The expanded program "will serve the industry because the
+oil market does not close when NYMEX does," said Frank Capozza,
+secretary of Century Resources Inc.
+     The rule change, which has already taken effect for
+platinum futures on NYMEX, is expected to increase the open
+interest and liquidity in U.S. energy futures, according to
+traders and analysts.
+    Currently, at least one trader in this transaction, called
+an exchange for physical or EFP, must hold a futures position
+before entering into the transaction.
+    Under the new arrangement, neither party has to hold a
+futures position before entering into an EFP and one or both
+parties can offset their cash transaction with a futures
+contract the next day, according to exchange officials.
+    When NYMEX announced its proposed rule change in December,
+NYMEX President Rosemary McFadden, said, "Expansion of the EFP
+provision will add to globalization of the energy markets by
+providing for, in effect, 24-hour trading."
+    The Commodity Futures Trading Commission approved the rule
+change in February, according to a CFTC spokeswoman.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12888" NEWID="705">
+<DATE> 2-MAR-1987 14:38:44.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0754&#31;reute
+d f BC-CCR-VIDEO-&lt;CCCR>-NOW   03-02 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCR VIDEO &lt;CCCR> NOW MEETS NASDAQ REQUIREMENTS</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>CCR Video Corp said it is now
+current in its filing requirements with both the Securities and
+Exchange Commission and NASDAQ, and meets the trading system's
+net worth requirements.
+    The company reported a first quarter, ended November 30,
+profit of 156,726 dlrs compared to a year earlier loss of
+776,000 dlrs.
+    CCR also said its previously reported refinanceing in
+December resulted in an extraordinary gain of 456,004 dlrs,
+leaving the company with a net worth of 633,581 dlrs at the end
+of December.
+    At the end of November, a spokesman noted, CCR did not meet
+NASDAQ's requirement of a net worth of 100,000 dlrs and has
+been trading on an exception to those rules.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12889" NEWID="706">
+<DATE> 2-MAR-1987 14:40:23.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0759&#31;reute
+u f BC-ROSPATCH-&lt;RPCH>-TO-RE   03-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSPATCH &lt;RPCH> TO RESPOND TO DIAGNOSTIC &lt;DRS></TITLE>
+<DATELINE>     GRAND RAPIDS, Mich., March 2 - </DATELINE><BODY>Rospatch Corp said it will
+have a news release later in response to today's acquisition
+bid by Diagnostic Retrieval Systems Inc for 22 dlrs a share.
+    Rospatch earlier requested its stock be halted in over the
+counter trading, last trade 24-1/8.
+    Diagnostic said its bid was for a total 53 mln dlrs through
+a cash tender offer for all, but not less than 51 pct of
+Rosptach outstanding common.
+    For its fourth-quarter ended December 31, 1986, Rospatch
+reported net loss 2,649,000 or 1.10 dlrs a share compared a
+loss of 627,500 or 35 cts profit for the 1985 period.
+    In December the Brookehill Group in New York said it had
+9.7 pct stake. J.A. Parini, Rospatch chief executive, responded
+on January eight by saying the investment was a vote in
+confidence in the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12890" NEWID="707">
+<DATE> 2-MAR-1987 14:41:55.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0765&#31;reute
+s f BC-GREEN-TREE-ACCEPTANCE   03-02 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREEN TREE ACCEPTANCE INC &lt;GNT> SETS DIVIDEND</TITLE>
+<DATELINE>    ST. PAUL, Minn., March 2 -
+    </DATELINE><BODY>Qtly dividend 12-1/2 cts vs 12-1/2 cts
+    Pay March 31
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12891" NEWID="708">
+<DATE> 2-MAR-1987 14:49:06.33</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0783&#31;reute
+u f BC-ARGENTINE-OIL-PRODUCT   03-02 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE OIL PRODUCTION DOWN IN JANUARY 1987</TITLE>
+<DATELINE>    BUENOS AIRES, March 2 - </DATELINE><BODY>Argentine crude oil production was
+down 10.8 pct in January 1987 to 12.32 mln barrels, from 13.81
+mln barrels in January 1986, Yacimientos Petroliferos Fiscales
+said.
+    January 1987 natural gas output totalled 1.15 billion cubic
+metrers, 3.6 pct higher than 1.11 billion cubic metres produced
+in January 1986, Yacimientos Petroliferos Fiscales added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12892" NEWID="709">
+<DATE> 2-MAR-1987 14:55:10.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0795&#31;reute
+f f BC-******ROSPATCH-CORP-R   03-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROSPATCH CORP REJECTS OFFER FROM DIAGNOSTIC RETRIEVAL SYSTEMS INC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12893" NEWID="710">
+<DATE> 2-MAR-1987 14:56:20.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0799&#31;reute
+r f BC-HUGHES'-U.S.-RIG-COUN   03-02 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES' U.S. RIG COUNT SLIPS TO 801 THIS WEEK</TITLE>
+<DATELINE>    HOUSTON, March 2 - </DATELINE><BODY>U.S. drilling activity continued to slow
+last week as the number of active rotary rigs fell by 38 to a
+total of 801, against 1,248 working rigs one year ago, Hughes
+Tool Co said.
+    Most of the decrease came among rigs used for onshore
+drilling, which dropped to a total of 707 from last week's 744.
+A total of 77 rigs were active offshore and 17 in inland waters
+during the week, Hughes Tool said.
+    Among individual states, Texas lost 24 working rigs,
+Michigan dropped by six, and California, New mexico and Kansas
+were each down by one. Colorado reported a gain of eight rigs
+and Louisiana was up by four.
+    In Canada, the rig count was up 14 to 164, against 422 one
+year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12894" NEWID="711">
+<DATE> 2-MAR-1987 14:57:28.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0802&#31;reute
+u f BC-GULF-OF-MEXICO-RIG-CO   03-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF OF MEXICO RIG COUNT FALLS THIS WEEK</TITLE>
+<DATELINE>    HOUSTON, March 2 - </DATELINE><BODY>Utilization of offshore mobile rigs in
+the Gulf of Mexico declined by 0.7 pct during the past week, to
+35.6 pct, reflecting a decrease of two working rigs, Offshore
+Data Services said.
+    The total number of working rigs fell to 83 for the week,
+compared to 85 last week and 134 rigs one year ago.
+    Offshore Data Services said the worldwide utilization rate
+rose 0.1 pct to 54.2 pct with a total of 333 rigs without work.
+The number of rigs contracted worldwide was 394.
+    In the European-Mediterranean area, rig utilization also
+rose by a full percentage point to 41.3 pct with 64 of 155 rigs
+contracted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12895" NEWID="712">
+<DATE> 2-MAR-1987 14:58:53.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0806&#31;reute
+r f BC-NORTH-AMERICAN-GROUP   03-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN GROUP &lt;NAMG> BUYS GEORGIA FIRM</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>North American Group Ltd's North
+American Acquisition Corp said it has a definitive agreement to
+buy 100 pct of Pioneer Business Group Inc of Atlanta.
+    Terms of the acquisition were not disclosed. Closing of the
+acquisition is scheduled for April.
+    North American Acquisition said the agreement is subject to
+due diligence and a satisfactory review of Pioneer's operation.
+Pioneer makes business forms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12896" NEWID="713">
+<DATE> 2-MAR-1987 15:02:08.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0815&#31;reute
+f f BC-embargoed-for-1500est   03-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA PLANS 4-PART 1.2 BILLION DLR BOND ISSUE TUESDAY - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12897" NEWID="714">
+<DATE> 2-MAR-1987 15:02:49.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0818&#31;reute
+u f BC-TALKING-POINT/VIACOM   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/VIACOM INTERNATIONAL &lt;VIA></TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>A bidding war for Viacom International
+Inc, one of the largest U.S. entertainment companies, pitted a
+management group and other investors against National
+Amusements Inc, a closely held theater operator.
+    Both sides raised their bids over the weekend. A source
+close to the management side insisted that timing was on his
+side. He said if outside directors approve the management
+proposal, a merger plan could be put to a vote of shareholders
+with proxy material going out late this week. "It would take 20
+days from the day we mail," said the source.
+    The source predicted National Amusements, controlled by
+investor Sumner Redstone, would need "half a year" to complete
+a tender offer because of the regulatory approvals that must
+accompany any change in control of Viacom's broadcast licenses
+and cable television franchises.
+    Redstone was not available for comment.
+    Some of Wall Street's arbitrage players said it was a rare
+situation that could only be enjoyed - a true bidding war. One
+said Redstone could begin a tender offer whenever he wanted and
+if enough people were convinced his proposal was superior to
+the Viacom management plan, he would have a chance to win.
+    The independent directors of Viacom were called into a
+meeting today. Word on a decision was expected early tomorrow.
+    Viacom shares climbed 2-1/2 to 50-3/8 by midafternoon. One
+major Wall Street firm issued a sell recommendation. "We think
+we're at the end now, in terms of bidding," said the firm's
+arbitrageur, who spoke on condition he not be identified.
+    Both Redstone's proposal and the management proposal would
+create a restructured company heavily leveraged with debt. The
+management plan would result in a balance sheet with about 2.5
+billion dlrs in debt and nearly 500 mln dlrs in preferred
+stock, convertible into 45 pct of the common stock.
+    Redstone's newest proposal offers holders 42 dlrs in cash,
+a fraction of a share of exchangeable preferred stock with a
+value of 7.50 dlrs, and one-fifth of a share of common stock
+stock of Arsenal Holdings, representing 20 pct of the equity
+interest in the restructured Viacom. One arbitrageur calculated
+the equity in the Redstone plan was worth 2.50 dlrs making the
+total package worth 52 dlrs per share.
+    Management offered 38.50 dlrs in cash, exchangeable
+preferred stock worth 8.50 dlrs and a fractional share of
+convertible preferred. The arbitrageur said the equity portion
+was worth about 4.00 dlrs for a total of 51 dlrs.
+    Redstone's newest plan raised the amount of interest he
+would pay on the cash portion of his offer for every day beyond
+April 30 that a merger with Arsenal is not consummated. The
+plan calls for intest to be paid at an annual rate of nine pct
+during May and 12 pct thereafter. Previously Redstone offered
+eight pct interest.
+    Other arbitrageurs said both Redstone and the management
+group, led by president and chief executive Terrence Elkes,
+were offering high prices. "Redstone really wants to own the
+company," one said. Another said management seemed to have the
+edge on the timing issue.
+    Redstone's company owns 19.6 pct ov Viacom's 35 mln shares.
+    A Wall Street analyst said it was hard to determine what
+the equity in the newly leveraged company would be worth. He
+noted as an example that new stock in FMC Corp &lt;FMC>, which
+adopted a highly leveraged structure last year, inititally
+traded at 12.50 dlrs per share, dipped to nine dlrs, and is now
+just over 30 dlrs.
+    Last week, Viacom reported fourth quarter earnings fell two
+two cts per share from 23 cts. The company said interest costs
+from several acquisitions affected results.
+    Shares of Warner Communications Inc &lt;WCI> rose 7/8 to
+31-1/8. Analysts noted Warner owns warrants to purchase 3.25
+mln Viacom shares at 35 dlrs and another 1.25 mln shares at
+37.50 dlrs.
+    Chris Craft Industries &lt;CCN>, which owns a stake in Warner,
+rose 1-1/4 to 22-3/4.
+    Viacom was created in 1970 and spun off from CBS Inc &lt;CBS>.
+The company has 940,000 cable television subscribers, operates
+nine satellite television services and owns television and
+radio stations. It is one of the largest distributors of films
+and other programs for television.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12898" NEWID="715">
+<DATE> 2-MAR-1987 15:07:03.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0834&#31;reute
+r f BC-UP-RIGHT-INC-&lt;UPRI>-4   03-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UP-RIGHT INC &lt;UPRI> 4TH QTR OPER NET</TITLE>
+<DATELINE>    BERKELEY, Calif., March 2 -
+    </DATELINE><BODY>Oper shr five cts vs 29 cts
+    Oper net 151,000 vs 867,000
+    Revs 12.7 mln vs 14.1 mln
+    Year
+    Oper shr 87 cts vs 52 cts
+    Oper net 2,650,000 vs 1,565,000
+    Revs 54.7 mln vs 49.1 mln
+    Note: oper data does not include 4th qtr 1986 extraordinary
+credit of 14,000 dlrs or 4th qtr 1985 extraordinary loss of
+139,000 dlrs, or five cts per shr. For year, does not include
+extraordinary credit of 92,000 dlrs, or three cts per shr, in
+1986 and 161,000 dlrs, or five cts per shr, in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12899" NEWID="716">
+<DATE> 2-MAR-1987 15:07:20.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0836&#31;reute
+b f BC-CANADA-LAUNCHES-1.2-B   03-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA LAUNCHES 1.2 BILLION DLR BOND ISSUE</TITLE>
+<DATELINE>    OTTAWA, March 2 - </DATELINE><BODY>Canada will offer a 1.2 billion dlr,
+four-part bond issue tomorrow, which will be dated March 15 and
+delivered March 16, the finance department said.
+    The issue will consist of four maturities:
+    - 8 pct bonds due July 1, 1990,
+    - 8-1/4 pct bonds due March 1, 1994,
+    - 8-1/4 pct bonds due March 1, 1997,
+    - 8-1/2 pct bonds due June 1, 2011.
+    The 2011 maturity will be issued to a maximum of 374 mln
+dlrs. The Bank of Canada will buy 100 mln dlrs of the new
+issue, including 10 mln dlrs of the 2011 maturity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12900" NEWID="717">
+<DATE> 2-MAR-1987 15:09:53.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0839&#31;reute
+u f BC-U.S.-ELECTRONIC-SALES   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ELECTRONIC SALES FLAT IN 1986</TITLE>
+<DATELINE>    PALO ALTO, Calif, March 2 - </DATELINE><BODY>U.S. electronic companies'
+sales last year totalled 226.5 billion dlrs, slightly below the
+228.7 billion dlrs reported in 1985, the American Electronic
+Association said.
+    Despite the decline, the fourth-quarter total of 61.1
+billion dlrs matched the industry record for the same period of
+1984, the AEA said.
+    AEA senior vice president Ralph Thomson said that, although
+the 1986 sales trend was mostly positive with an upturn at the
+end of the year, the industry is waiting early 1987 figures
+before trying to forecast the future.
+    "Many of our companies, including the semiconductor sector,
+are still being impacted by the enormous and growing trade
+deficit with Japan," he said.
+    Fourth-quarter orders totalled 60 billion dlrs for a 3.1
+pct increase over the same quarter of 1985. December sales were
+22.2 billion dlrs, up 2.8 pct from the same month in 1985.
+    The association represents more than 2,800 firms that
+produce electronic goods and services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12901" NEWID="718">
+<DATE> 2-MAR-1987 15:11:09.09</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0843&#31;reute
+d f AM-AGREEMENT   03-02 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKS SHOW NEW CANADIAN CONFIDENCE, GROUP SAYS</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Canada's decision to raise the issue
+of a free trade pact with the U.S. was a sign of what many see
+as a new spirit of Canadian self-confidence, a public policy
+study group said 
+    "It suggests the Canada of the immediate post-war period,
+when it was a major player in the process of building a postwar
+world," the Washington-based Atlantic Council said.
+    U.S. and Canadian negotiators opened talks last summer
+aimed at dismantling trade barriers between the two countries,
+the world's biggest trading partners with crossborder shipments
+of about 150 billion dlrs annually.
+    The council's study said the trade talks, with a deadline
+of October for an agreement, are the biggest issue in
+U.S.-Canadian relations.
+   The study said liberalized trade between the two countries
+would improve the competitiveness of their economies in world
+markets and lessen trade irritants which now mar their ties.
+    The council said "in the past most Canadians have shied away
+from the notion of a free-trade arrangement, fearing to be
+overwhelmed economically and politically by a closer
+association with a country 10 times their size in population."
+    But at the same time, it added, Canadians realized their
+domestic market was too small to permit the mass production and
+sales needed to raise productivity to the level demanded by an
+increasingly competitive world.
+    The council said that in the talks, Canada is chiefly
+interested in minimizing the imposing of U.S. duties against 
+allegedly subsidized exports.
+    A recent example was the 15 per cent duty the U.S. imposed
+on Canadian lumber exports on grounds the shipments were being
+subsidized.
+    The council said the chief U.S. concerns included ending
+curbs against U.S. banking, insurance, telecommunications, and
+the so-called "cultural industries" - publishing, broadcasting
+and films.
+    It said other major U.S.-Canadian issues were defense
+cooperation, "acid rain" and the U.S. rejection of a Canadian
+assertion of sovereignty over waters of the Northwest Passage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12902" NEWID="719">
+<DATE> 2-MAR-1987 15:16:16.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0857&#31;reute
+d f BC-U.S.-ACTS-TO-PROTECT   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ACTS TO PROTECT KAISER STEEL RETIREES</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The Pension Benefit Guaranty Corp, a
+federal agency, said it took action to protect pensions of
+employees and retirees of Kaiser Steel Corp, which filed for
+bankruptcy reorganization last month.
+    The agency said it entered into an agreement to terminate
+the Kaiser plan, and was appointed its trustee.
+    It said that Kaiser retirees will receive their March
+pension checks without interruption and thereafter at levels
+guaranteed by law.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12903" NEWID="720">
+<DATE> 2-MAR-1987 15:25:05.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0877&#31;reute
+h f BC-&lt;DAIWA-SECURITIES-CO>   03-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DAIWA SECURITIES CO> TO SUPPLY MARKET UPDATE</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Daiwa Securities Co Ltd said it will
+provide Financial News Network &lt;FNNI> with an exclusive daily
+market update from Tokyo.
+    The report can be seen on FNN's World Business Update, the
+company said.
+    Daiwa Securities said the new program describes major
+business developments around the world, using videotaped news
+and feature stories as well as market and commodities
+information.
+    Viewers will be able to get closing prices in Tokyo prior
+to opening trading in New York due to the time difference.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12904" NEWID="721">
+<DATE> 2-MAR-1987 15:30:30.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0884&#31;reute
+d f AM-UNITED   03-02 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL &lt;UAL> UNIT ATTACKED ON MINORITY HIRING</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>UAL Inc's United Airlines was accused in
+a congressional hearing today of locking blacks out of key
+jobs, but the company said it had made tremendous progress in
+minority hiring.
+    The issue was aired during a hearing of a House Government
+Operations subcommittee whose chairman, Rep. Cardiss Collins,
+called the treatment of minorities by the country's largest
+airline "pathetic."
+    "It strikes me odd," said the Illinois Democrat, "that the
+number of white women pilots is more than double that of black
+pilots, and that white women are more fairly represented in
+upper management."
+    United has been under a court order since 1976 to increase
+its minority employment.
+    David Pringle, United's senior vice president for human
+resources, said "We take a very aggressive approach to minority
+hiring and have made tremendous progress ... we will continue
+to pursue even wider goals."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12905" NEWID="722">
+<DATE> 2-MAR-1987 15:35:05.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0895&#31;reute
+u f BC-ALBERTSON'S-INC-&lt;ABS>   03-02 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALBERTSON'S INC &lt;ABS> RAISES QTLY DIVIDEND</TITLE>
+<DATELINE>    BOISE, Idaho, March 2 -
+    </DATELINE><BODY>Shr 24 cts vs 21 cts
+    Pay May 25
+    Record May eight
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12906" NEWID="723">
+<DATE> 2-MAR-1987 15:36:40.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uae</D><D>usa</D><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0898&#31;reute
+u f BC-CHEMICAL-NEW-YORK-&lt;CH   03-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMICAL NEW YORK &lt;CHL> TO CLOSE DUBAI OFFICE</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Chemical Bank, the main subsidiary of
+Chemical New York Corp, is closing its representative office in
+Dubai, United Arab Emirates, a spokeswoman said in response to
+an enquiry.
+    She said the decision to close the office was made as a
+result of changes in Chemical's regional customer base and to
+improve efficiency by centralizing the bank's Gulf activities
+in Bahrain.
+    The Bahrain office will assume the local contact role for
+all of Chemical's corporate and institutional customers now
+served by the Dubai office, the spokeswoman added.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12907" NEWID="724">
+<DATE> 2-MAR-1987 15:37:04.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0899&#31;reute
+d f BC-WAVEHILL-INTERNATIONA   03-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAVEHILL INTERNATIONAL TO MAKE ACQUISITION</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>&lt;Wavehill International Ventures Inc>
+said it has agreed to acquire Personal Computer Rental Corp of
+Coral Gables, Fla., in a transaction in which shareholders of
+Personal Computer will receive shares respresenting about a 25
+pct interest in the combined company.
+    The company said it will have about two mln shares
+outstanding on a fully-diluted basis after the transaction. It
+said after the acquisition it will infuse Perconal computer
+with cash for expansion.  It said Personal Computer now has 26
+franchised locations and plans to add over 30 in 1987, seeking
+eventually to expand into 420 markets in the U.S. and abroad.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12908" NEWID="725">
+<DATE> 2-MAR-1987 15:38:59.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0907&#31;reute
+r f BC-SECURITY-PACIFIC-&lt;SPC   03-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC &lt;SPC> COMPLETES MERGER</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Security Pacific Corp said it
+completed its planned merger with Diablo Bank following the
+approval of the comptroller of the currency.
+    Security Pacific announced its intention to merge with
+Diablo Bank, headquartered in Danville, Calif., in September
+1986 as part of its plan to expand its retail network in
+Northern California.
+    Diablo has a bank offices in Danville, San Ramon and Alamo,
+Calif., Security Pacific also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12909" NEWID="726">
+<DATE> 2-MAR-1987 15:39:05.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0908&#31;reute
+r f BC-PALL-CORP-&lt;PLL>-2ND-Q   03-02 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PALL CORP &lt;PLL> 2ND QTR SALES RISE 17 PCT</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>Pall Corp said sales in the second
+quarter rose about 17 pct to 94 mln dlrs from 80 mln dlrs a
+year ago, bringing sales for the six months to 174.6 mln dlrs,
+up 16 pct from 150.3 mln dlrs.
+    Orders in the quarter ended Jan 31 rose about 15 pct to
+101.1 mln dlrs and 13 pct to 189.6 mln dlrs in the six months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12910" NEWID="727">
+<DATE> 2-MAR-1987 15:39:33.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0909&#31;reute
+d f BC-J.P.-INDUSTRIES-&lt;JPI>   03-02 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.P. INDUSTRIES &lt;JPI> FORMS TWO OPERATING GROUPS</TITLE>
+<DATELINE>    ANN ARBOR, Mich., March 2 - </DATELINE><BODY>J.P. Industries Inc said it has
+formed two operating groups to serve major markets in its
+transportation components business -- an Engine Products Group
+to serve original equipment manufacturers and an Automotive
+Aftermarket Group to serve repair market customers.
+    The company said senior vice president Gareth L. Reed has
+been appointed president and general manager of the Engine
+Products Group. Gerald W. McGrath was appointed vice president
+and general manager of the Automotive Aftermarket Group. He was
+formerly vice president of sales with the Engine Parts Division
+of Clevite Industries Inc, recently acquired by J.P. Industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12911" NEWID="728">
+<DATE> 2-MAR-1987 15:39:40.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0910&#31;reute
+r f BC-U.S.-INTEC-INC-&lt;INTK>   03-02 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. INTEC INC &lt;INTK> 4TH QTR NET</TITLE>
+<DATELINE>    PORT ARTHUR, March 2 -
+    </DATELINE><BODY>Shr six cts vs five cts
+    Net 188,000 vs 130,000
+    Revs 12.2 mln vs 10.1 mln
+    Avg shrs 3,029,930 vs 2,764,544
+    12 mths
+    Shr 81 cts vs 1.45 dlrs
+    Net 2,463,000 vs 3,718,000
+    Revs 52.4 mln vs 47.5 mln
+    Avg shrs 3,029,930 vs 2,566,680
+    NOTE: net for 1985 includes 500,000, or 20 cts per share,
+for proceeds of a life insurance policy.
+    includes tax benefit for prior qtr of approximately 150,000
+of which 140,000 relates to a lower effective tax rate based on
+operating results for the year as a whole.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12912" NEWID="729">
+<DATE> 2-MAR-1987 15:39:51.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0912&#31;reute
+r f BC-LODGISTIX-&lt;LDGX>-TO-B   03-02 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LODGISTIX &lt;LDGX> TO BUYBACK 100,000 SHARES</TITLE>
+<DATELINE>    WICHITA, Kansas, March 2 - </DATELINE><BODY>Lodgistix Inc said its board
+authorized a program for the company to purchase up to 100,000
+of its shares from time to time.
+    The company said the shares will be used for general
+purposes, including incentive programs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12913" NEWID="730">
+<DATE> 2-MAR-1987 15:40:01.35</DATE>
+<TOPICS><D>earn</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0913&#31;reute
+r f BC-ICI-&lt;ICI>-SEEKS-GAINS   03-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICI &lt;ICI> SEEKS GAINS IN SPECIALTY BUSINESSES</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Imperial Chemical Industries PLC, the
+largest chemical company in the United Kingdom, will expand its
+specialty chemicals and drug businesses this year, and better
+its 1986 results, said chairman-elect Denys Henderson.
+    "We expect to shift our company toward higher value-added
+businesses and continue to broaden our base," Henderson told
+reporters at an informal meeting here.
+    ICI today announced the formation of a new U.S.
+drug company, ICI Pharma, which, with its Stuart
+Pharmaceuticals unit, it said will double its current
+pharmaceutical sales to 1.1 billion dlrs by 1990.
+    Henderson said, "Our pharmaceutical business gets lost in
+the way that Glaxo's (Glaxo Holdings PLC) does not."
+    ICI's pharmaceutical division is the second largest drug
+maker behind Glaxo in the U.K. Last year U.S. drug sales were
+about 40 pct of its worldwide drug sales of 1.5 billion dlrs,
+which in turn brought in 27 pct of its total profits.
+    He estimated that by 1990, ICI's pharmaceutical division
+would account for about 30 pct of total company profits.
+    "The drug division far and away brings in the highest rate
+of return," said A.W. Clements, finance director of ICI, who
+was also at the meeting.
+    Henderson said the new U.S. drug concern would basically
+act as a second sales force to double the exposure of its drugs
+to doctors. ICI will hire 145 new salespeople by October one.
+    Henderson said the major new products in the company's
+pipeline, expected to each bring in sales of over 200 mln dlrs
+annually, were Statil, a treatment for diabetic complications,
+Zoladex, a treatment for advanced prostate cancer, and Carwin,
+a treatment for mild to moderate congestive heart failure.
+    Henderson said U.S. Food and Drug Administration approval
+to market Statil and Zoladex, both under joint licensing
+agreements with Merck and Co Inc &lt;MRK>, is not expected until
+about 1989. ICI expects to file for permission to market Carwin
+in the U.S. later this year.
+    Henderson said the company's 1987 results would top 1986
+income of 888 mln dlrs or 5.45 dlrs per ADR on sales of 15
+billion dlrs, but he declined to specify by how much.
+    Henderson said 1987's results would be boosted by Glidden
+Paints, which ICI bought last November for 580 mln dlrs from a
+unit of Hanson Industries Inc.
+    Henderson also said that ICI has about nine billion dlrs
+available for acquisitions. Last year the company made 40
+acquisitions, the largest being Glidden. He said that more
+acquisitions may be made this year but he ruled out an
+acquisition of a pharmaceutical concern as "too expensive."
+    Henderson said that in his new role of chairman, effective
+April one when he takes over from Sir John Harvey-Jones who
+will retire, the biggest challenge ahead lay in continuing the
+earnings momentum ICI has established over the past few years
+after restructuring and selling off unprofitable businesses.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12914" NEWID="731">
+<DATE> 2-MAR-1987 15:40:19.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0915&#31;reute
+d f BC-INT'L-HYDRON-CORP-&lt;HY   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L HYDRON CORP &lt;HYD> 4TH QTR OPER NET</TITLE>
+<DATELINE>    WOODBURY, N.Y., March 2 -
+    </DATELINE><BODY>Oper shr profit six cts vs loss 20 cts
+    Oper net profit 734,000 vs loss 2,312,000
+    Revs 16.8 mln vs 13.9 mln
+    Year
+    Oper shr profit 30 cts vs profit three cts
+    Oper net profit 3,342,0000 vs profit 318,000
+    Revs 67.5 mln vs 52.6 mln
+    NOTE: Excludes loss of 41,000 dlrs or nil vs gain 7,000
+dlrs or nil in qtr and gain 247,000 dlrs or two cts vs gain
+88,000 dlrs or one ct in year from net operating loss
+carryforwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12915" NEWID="732">
+<DATE> 2-MAR-1987 15:40:35.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0917&#31;reute
+r f BC-ALBERTSON'S-&lt;ABS>-ADO   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALBERTSON'S &lt;ABS> ADOPTS STOCKHOLDER RIGHTS PLAN</TITLE>
+<DATELINE>    BOISE, Idaho, March 2 - </DATELINE><BODY>Albertson's Inc said its board has
+adopted a stockholder rights plan intended to protect them in
+the event of any proposed takeover of the company.
+    Under the plan, stockholders will receive a dividend
+distribution of one right for each share of common stock held
+on March 23.
+    The rights are exercisable ten days after a person or group
+acquires 20 pct or more of Alberston's common stock or
+announces a tender offer for 30 pct or more of the stock.
+    Each right will entitle the shareholder to buy one newly
+issued share of Alberston's common stock for 150.00 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12916" NEWID="733">
+<DATE> 2-MAR-1987 15:40:57.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0919&#31;reute
+b f BC-/ROSPATCH-&lt;RPCH>-REJE   03-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSPATCH &lt;RPCH> REJECTS DIAGNOSTIC &lt;DRS> BID</TITLE>
+<DATELINE>    GRAND RAPIDS, MICH., March 2 - </DATELINE><BODY>Rospatch Corp said it
+rejected a proposal by Diagnostic Retrieval Systems Inc to
+acquire its stock at 22 dlrs a share.
+    Rospatch's board believes that the long term interests of
+its shareholders will be best served by continuing as an
+independent public company at this time, the company said in
+response to an unsolicited offer from Diagnostic Retrieval.
+    Rospatch said Diagnostic's offer of February 27 is a
+variation of a previous offer in January, the nature of which
+was not disclosed.
+    Rospatch said it advised Diagnostic Retrieval that "it
+would be contrary to the best interests of the corporation
+to engage in any discussions concerning a business combination
+with Diagnostic Retrieval."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12917" NEWID="734">
+<DATE> 2-MAR-1987 15:41:01.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0920&#31;reute
+d f BC-SYNTECH-INTERENATIONA   03-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNTECH INTERENATIONAL INC &lt;SYNE> 4TH QTR NET</TITLE>
+<DATELINE>    RENO, Nev., March 2 -
+    </DATELINE><BODY>Shr profit six cts vs loss 4.51 dlrs
+    Net profit 815,167 vs loss 12,955,562
+    Revs 7,981,022 vs 2,954,488
+    Year
+    Shr profit 16 cts vs loss 7.22 dlrs
+    Net profit 2,446,100 vs loss 19,175,931
+    Revs 23.6 mln vs 14.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12918" NEWID="735">
+<DATE> 2-MAR-1987 15:42:29.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0928&#31;reute
+r f BC-INT'L-MINERALS-&lt;IGL>   03-02 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L MINERALS &lt;IGL> BUYS ANIMAL PRODUCTS UNIT</TITLE>
+<DATELINE>    NORTHBROOK, Ill., March 2 - </DATELINE><BODY>International Minerals and
+Chemical Corp said it completed its acquisition of Johnson and
+Johnson Co's Pitman-Moore unit, a producer of animal health
+products.
+    Terms of the acquisition were not disclosed. International
+Minerals and Chemical said annual sales of the unit are about
+45 mln dlrs.
+    Pitman-Moore makes health products for pets and for farm
+and feedstock animals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12919" NEWID="736">
+<DATE> 2-MAR-1987 15:43:03.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0929&#31;reute
+u f BC-JWT-&lt;JWT>-NOT-APPROAC   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JWT &lt;JWT> NOT APPROACHED BY GROUP SEEKING SHARES</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>JWT Group Inc has not been approached
+by former Ted Bates Worldwide Chairman Robert Jacoby about the
+possibility of a syndicate buying a 35 pct stake in JWT Group
+on a friendly basis, a company spokesman said.
+    He said JWT would have no comment on an Advertising Age
+report that Jacoby is considering heading up a venture capital
+syndicate to purchase a 35 pct stake in JWT group.
+    Jacoby was not immediately available for comment on the
+report. Ted Bates is now owned by &lt;Saatchi and Saatchi>, the
+world's largest advertising agency.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12920" NEWID="737">
+<DATE> 2-MAR-1987 15:43:37.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0930&#31;reute
+r f BC-UAW-WANTS-TO-REVIVE-A   03-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW WANTS TO REVIVE AMERICAN MOTORS &lt;AMO> TALKS</TITLE>
+<DATELINE>    DETROIT, March 2 - </DATELINE><BODY>The United Auto Workers said it is
+willing to enter renewed negotiations to end the impasse
+between American Motors Corp and two UAW locals in Wisconsin.
+    American Motors earlier said it broke off talks with the
+UAW on a new labor contract for its plant at Kenosha, Wis. The
+company's move came after its latest contract offer was
+rejected by union negotiators.
+    UAW vice president Marc Stepp said he "strongly recommends"
+new meetings be scheduled "at the earliest possible time."
+Stepp heads the UAW's American Motors department.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12921" NEWID="738">
+<DATE> 2-MAR-1987 15:44:15.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0931&#31;reute
+d f BC-BANC-ONE-&lt;ONE>-HAS-MI   03-02 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANC ONE &lt;ONE> HAS MICHIGAN AFFILIATE</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 2 - </DATELINE><BODY>Banc One Corp said the First
+National Bank of Fenton has become Bank One, Fenton, bringing
+the number of its affiliates to three in Michigan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12922" NEWID="739">
+<DATE> 2-MAR-1987 15:44:53.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0932&#31;reute
+r f BC-COEUR-D'ALENE-MINES-C   03-02 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COEUR D'ALENE MINES CORP &lt;COUR> 4TH QTR LOSS</TITLE>
+<DATELINE>    COEUR D'ALENE, Idaho, March 2 -
+    </DATELINE><BODY>Shr loss 18 cts vs loss one ct
+    Net loss 1,343,000 vs loss 49,000
+    Revs 6,778,000 vs 1,976,000
+    Year
+    Shr loss 67 cts vs loss ten cts
+    Net loss 4,693,000 vs loss 672,000
+    Revs 14.0 mln vs 7,034,000
+    Note: 1986 loss included one-time loss of 3,624,000 dlrs on
+write-off of certain silver, oil and gas interests.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12923" NEWID="740">
+<DATE> 2-MAR-1987 15:45:31.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>brazil</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0935&#31;reute
+u f BC-FUNARO-REJECTS-U.K.-S   03-02 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUNARO REJECTS UK SUGGESTION OF IMF BRAZIL PLAN</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Brazilian Finance Minister Dilson Funaro
+flatly rejected a U.K. Suggestion that his country seek
+International Monetary Fund help in order to facilitate debt
+negotiations with commercial creditor banks.
+    Talking to reporters, Funaro said this attitude would not
+help resolve the crisis started when Brazil suspended
+indefenitely interest payments on 68 billion dlrs in external
+debt on February 20.
+    Funaro was in Britain on the first leg of a tour of
+European capitals to explain the motives of the Brazilian debt
+moratorium and to seek support for intiatives to improve
+capital flows between developed countries and third world
+debtor nations.
+   Talking before his departure for Paris, he said there could
+be no question of Brazil adopting another IMF austerity plan
+after a similar package four years ago "put Brazil in a very big
+recession."
+    "We had an IMF program - it simply meant export more and
+import less. We are not going to go the IMF," he said.
+    Funaro was reactnng to a British statement following his
+talks with Chancellor of the Exchequer Nigel Lawson, saying the
+U.K. Government had no part to play in what it viewed as a
+problem between Brazil and its commercial creditor banks.
+    Britain also believed an IMF program would help along
+negotiations between Brazil and the commercial banks, the
+statement, which banking sources interpreted as an outright
+rebuttal of all Brazilian demands, said.
+    "That was not my impression of the meeting," Funaro said; "But
+if the (British) answer is more or less like this, then
+that means nothing is helping to find a solution."
+    Funaro stressed that his talks in Washington last week and
+in Europe this week were aimed at gaining official support to
+unblock lending from official credit agencies, rather than to
+deal with Brazils ties with commercial banks.
+    "Since 1982, all official agencies have been closed to my
+country," he said.
+    He said Lawson had made no commitments to support Brazil's
+efforts. Lawson would officially state his position when the
+two meet again next month for the IMF and World Bank spring
+meetings in Washington, Funaro said.
+    Stressing there was no binding time schedule for Brazil's
+debt problem to be resolved, Funaro said Brazil had not come to
+Europe with specific proposals to overcome the present crisis.
+    "We didn't come here to make a cash-flow programme," he said,
+"We will have meetings at the IMF next month - let's see what
+happens."
+    Neither did Brazil plan a major overhaul of current
+domestic economic policies, which Funaro said would likely lead
+to a five pct economic growth this year.
+    "Over the past five years we paid back 45 billion dlrs and
+received 11 billion ... This is a very big effort," he said.
+"What we have to offer is our cooperation."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12924" NEWID="741">
+<DATE> 2-MAR-1987 15:45:38.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0936&#31;reute
+r f BC-FOOTE-MINERAL-&lt;FTE>-S   03-02 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOTE MINERAL &lt;FTE> SELLS CAMBRIDGE PLANT</TITLE>
+<DATELINE>    EXTON, Pa., March 2 - </DATELINE><BODY>Foote Mineral Co said it signed a
+letter of intent with Shieldalloy Corp, a wholly-owned
+subsidiary of &lt;Metallurg Inc>, for the sale of its Cambridge,
+Ohio, business.
+    The company said the sale, which will be explained in
+greater detail after the definitive agreement has been signed,
+is part of Foote's previously-announced plan to sell the entire
+company.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12925" NEWID="742">
+<DATE> 2-MAR-1987 15:46:40.19</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE><D>lyng</D><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0938&#31;reute
+u f BC-U.S.-WHEAT-GROUPS-CAL   03-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WHEAT GROUPS CALL FOR GLOBAL ACTION</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>All major grain producing countries
+must do their part to help reduce global surpluses and the
+recent Australian farm policy proposals are flawed, two U.S.
+wheat organizations said.
+    The recent Australian proposals were a good starting point
+for discussions, "but we do not want the Australians to feel
+they are alone in developing an agenda for discussions" on world
+grain trade, the president of the National Association of Wheat
+Growers, NAWG, and the chairman of U.S. Wheat Associates said
+in a letter to U.S. Agriculture Secretary Richard Lyng and U.S.
+Trade Representative Clayton Yeutter.
+    Future discussions on international wheat trade should
+include three topics -- a commitment to privatization of
+government-run export trading entities, a commitment to public
+disclosure of sales and other terms if government entities are
+involved, and a recognition that supply reductions by the U.S.
+have kept world prices higher than they otherwise would be, the
+two organizations said 
+    While the Australian proposals are welcome the two
+organizations said they are not in total agreement with their
+assessments.
+    Australia's proposals, which aim to reduce U.S. target
+prices and "quarantine" U.S. wheat stocks, would continue to
+place the burden of supply adjustment and reform on U.S.
+farmers, they said.
+      Other countries, including Australia, have benefitted
+from the higher world prices that have resulted from past U.S.
+acreage and crop reduction programs, the organizations said.
+    "We will not continue to hurt ourselves economically -- and
+subsidize foreign wheat production -- by unilaterally stocking
+grain and changing programs which protect our growers," Jim
+Miller, president of NAWG said.
+    "We sincerely hope for some type of agreement among the
+world's major grain producing nations to reduce stocks and
+restore profitability to agriculture," Miller said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12926" NEWID="743">
+<DATE> 2-MAR-1987 15:53:45.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0960&#31;reute
+r f BC-GELCO-&lt;GEL>-SEES-FLAT   03-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GELCO &lt;GEL> SEES FLAT 1987 PRETAX OPERATING NET</TITLE>
+<DATELINE>    EDEN PRAIRIE, MINN., March 2 - </DATELINE><BODY>Gelco Corp said that,
+excluding the effects of a restructuring plan, it expects
+pre-tax operating earnings for the year to end July 31, 1987,
+to be about the same as those of last year.
+    For the year ended July 31, 1986, Gelco reported pre-tax
+operating earnings of 14.8 mln dlrs, or 1.08 dlrs a share.
+    However, final results will be affected by certain charges
+including legal and investment advisors fees, preferred stock
+dividends and other costs of restructuring, it said.
+    Expenses associated with restructuring are expected to be
+offset by "significant" gains from the sale of some of Gelco's
+business units, it said.
+    The final outcome for the fiscal year will be determined by
+the timing and proceeds from the sale, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12927" NEWID="744">
+<DATE> 2-MAR-1987 15:53:57.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0961&#31;reute
+u f BC-U.S.-TROOPS-GET-COST-   03-02 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TROOPS GET COST-OF-LIVING INCREASE</TITLE>
+<DATELINE>    WASHINGTON, MARCH 2 - </DATELINE><BODY>Defense Secretary Caspar Weinberger
+ordered an increase in cost-of-living allowances for many U.S.
+military personnel abroad because of the decreased value of the
+dollar against foreign currencies, the Pentagon said.
+    The allowances are expected to rise between 10 and 20 per
+cent in many areas beginning this month, the Pentagon said..
+    Weinberger also is providing for some family members of
+financially-pressed troops to fly home from West Germany,
+Japan, Italy and Spain on military transports if they desire.
+    He said in a statement to the military that the
+cost-of-living increases "will help keep your overseas
+purchasing power close to your stateside counterparts."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12928" NEWID="745">
+<DATE> 2-MAR-1987 15:54:16.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0963&#31;reute
+r f BC-UTILICORP-&lt;UCU>-ACQUI   03-02 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UTILICORP &lt;UCU> ACQUIRES DOMINION &lt;D> SUBSIDIARY</TITLE>
+<DATELINE>    KANSAS CITY, Mo., March 2 - </DATELINE><BODY>UtiliCorp United Inc said it
+has closed the previously announced acquisition of West
+Virginia Power from Dominion Resources Inc for about 21 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12929" NEWID="746">
+<DATE> 2-MAR-1987 15:57:31.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0968&#31;reute
+h f BC-DAISY-SYSTEMS-&lt;DAZY>   03-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAISY SYSTEMS &lt;DAZY> INTRODUCES WORKSTATIONS</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., March 2 - </DATELINE><BODY>Daisy Systems Corp said it
+has introduced a line of computer-aided engineering
+workstations.
+    The workstation family includes the Personal Logician 386,
+the Logician 386 and the Personal Logicial 286.
+    The Personal Logician 386 is a desktop, 32-bit IBM Personal
+Computer AT-compatible workstation, base priced at 20,000 dlrs.
+    The Logician 386 is a 32-bit accelerated graphics
+workstation, priced at 50,000 dlrs.
+    The Personal Logician 286 is based on the IBM PC AT and the
+EGA graphics standard, base priced at 15,000 dlrs.
+    Daisy said the products will be available in 90 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12930" NEWID="747">
+<DATE> 2-MAR-1987 15:59:04.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0969&#31;reute
+d f BC-WESTERN-TELE-COMMUNIC   03-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN TELE-COMMUNICATIONS &lt;WTLCA> JOINS GROUP</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 2 - </DATELINE><BODY>Western Tele-Communications Inc
+said that through its subsidiary, Westlink Inc, it has joined
+"Netlink USA", a general partnership consisting of Telluride
+Cablevision Inc and McCaw Satellite Programming Investments
+Inc.
+    Western said it will act as a 40 pct investor, converting
+its cable television signals to satellite distribution in
+selected markets.
+    The conversion is expected to improve reception of Denver
+television signals delivered to cable operators and other
+customers in underserved rural or remote areas of the U.S., the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12931" NEWID="748">
+<DATE> 2-MAR-1987 16:00:28.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0971&#31;reute
+u f BC-PESCH-SEES-SHAREHOLDE   03-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PESCH SEES SHAREHOLDER SUPPORT IN AMI &lt;AMI> BID</TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    New york, March 2 - </DATELINE><BODY>Chicago physician LeRoy Pesch said he
+has had discussions with several American Medical International
+Inc shareholders and sees support for a restructuring of the
+company.
+    Pesch said he has discussed his sweetened, 1.91 billion dlr
+takeover bid for American Medical with several large
+shareholders, including the biggest investor, the Bass family
+of Texas. However, the Bass family has not indicated support
+one way or the other for his offer, he said.
+    Pesch, in an interview with Reuters, said based on the
+conversations he held with shareholders, he could not guage
+whether he had majority support. He said, however, there is
+support for his offer.
+    Pesch would not identify shareholders with whom he held
+discussions other than the Bass family and the Wedge Group Inc,
+the only other holder of more than five pct of American Medical
+stock.
+    Earlier today, Wedge Group, which has a 5.5 pct stake, 
+said it held discussions with Pesch, American Medical
+management and other American Medical shareholders.
+    Wedge, in a filing with the Securities and Exchange
+Commission, said it believes a restructuring of American
+Medical and its business would be "highly desirable and
+appropriate at this time."
+    "That's the sort of position that I find a large segment of
+shareholders of AMI really share," said Pesch.
+    Pesch said he held discussions with Wedge about joining his
+takeover effort, in which he is offering 17 dlrs cash, four
+dlrs in preferred stock and one dlr in common stock for each
+American Medical share. Wedge said it has no plans to join in
+an effort to seek control of American Medical, but it would not
+rule out a future takeover try.
+    Pesch said he did not discuss a joint takeover proposal
+with the Bass family.
+    Some analysts saw the Wedge statement as a boost to Pesch's
+takeover effort and a further sign that there could be some
+shareholder dissatisfaction following American Medical's
+previous rejection of a 20 dlr per share all cash offer from
+Pesch.
+    American Medical is expected to resist Pesch's latest bid.
+Larry Feinberg, an analyst with Dean Witter Reynolds Inc said a
+management-led leveraged buyout cannot be ruled out.
+    An American Medical spokesman said the company will comment
+on the new Pesch offer by March 10.
+    Analysts continue to view the Bass family as a factor in
+the outcome of the bid for control of American Medical.
+    The Bass family holds an 11. 6 pct stake in American
+Medical, and the company has previously said the investors
+support management's internal plan to improve the company's
+performance. The Bass family would not comment on American
+Medical or Pesch.
+    Pesch, who led the leveraged buyout of Republic Health Corp
+last year, continues to face a credibilty problem on Wall
+Street because of the long time it took to finish the Republic
+acquisition.
+    Republic also has substantial debt, and has left wall
+street questioning whether financing can be completed for the
+much larger American Medical takeover proposal.
+    Pesch's first offer for American Medical was made without
+an investment banking firm, another cause for concern to Wall
+Street. However, Pesch entered his second offer with
+representation from Donaldson, Lufkin, and Jenrette Securities
+and Security Pacific Merchant Banking Group.
+    "I don't have any doubt that the current transaction can be
+worked out and completed, provided we get to the point where
+Ami management will sit down and talk in a friendly
+environment," Pesch said.
+    Pesch would not elaborate on what type of financing
+arrangements are being made. He did say if he succeeds in
+acquiring American Medical he plans to keep much of American
+Medical management in place.
+    He said he plans to combine the company with Republic to
+form an efficient network of hospitals.
+    Analysts said they do not believe a much higher offer could
+be made for American Medical.
+    Byron Nimocks of E.F. Hutton Group said improved second
+fiscal quarter earnings could make American Medical stock worth
+about 20 dlrs per share.
+    Nimocks estimates American Medical earnings for the second
+quarter ended February 28 could be 35 cts, compared to a 95 ct
+loss last year.
+    Nimocks said Pesch's revised offer is not worth much more
+than the 20 dlrs cash offered previously.
+    But Feinberg said there is a better chance a transaction
+could be completed because of the revised structure of the
+offer. "I think it's much more doable," he said.
+    Analysts have said American Medical has begun a turnaround
+by replacing some members of management and reducing costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12932" NEWID="749">
+<DATE> 2-MAR-1987 16:01:01.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0972&#31;reute
+h f BC-THREE-CONVICTED-IN-HO   03-02 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THREE CONVICTED IN HOME STATE FAILURE</TITLE>
+<DATELINE>    CINCINNATI, March 2 - </DATELINE><BODY>Marvin Warner and two fellow officers
+of the former Home State Savings Bank were convicted on charges
+connected with the collapse of Home State.
+    Warner, the owner of Home State, was found guilty of six
+counts of performing unauthoriazed acts -- investing some Home
+State money without authorization from the board of directors
+-- and three counts of securities violations in the 1985
+collapse. He was acquitted on 76 counts of willful
+misapplication.
+    Burton Bongard, former Home State president, was convicted
+of all 81 counts willful misapplication. David Schiebel, also a
+former president, was convicted on three of four counts of
+securities violations but was acquitted on 84 charges of
+willful misapplication. -- corrects warner's conviction
+    The irregularities in which the men were charged led to a
+state-imposed moratorium on all state-insured savings and loan
+companies in Ohio, which was lifted on an individual basis as
+the firms were able to show proof of their solvency.
+    Judge Richard Niehaus of Hamilton County Common Pleas Court
+ordered Warner jailed in lieu of 3.5 mln dlrs bond. He set a
+1.5 mln dlr bond for Bongard and 25,000 dlr bond for Schiebel
+pending the appearance of the trio for sentencing March 30.
+    Lawrence Kane, special prosecutor, said that Warner and
+Bongard could receive a maximum of 15 years in prison. He said
+that Schiebel could receive a maximum of 5 to 6 years on his
+convictions.
+    All three were accused in the draining of 144 mln dlrs of
+Home State funds through investments with ESM Government
+Securities Inc. of Fort Lauderdale, Fla., which went bankrupt
+and triggered the collapse of Home State.
+    On March 5, 1985, Ohio Governor Richard Celeste closed all
+of the state's privately-insured savings and loan companies and
+they remained closed until they could obtain federal deposit
+insurance or merge with other companies which had federal
+deposit insurance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12934" NEWID="750">
+<DATE> 2-MAR-1987 16:04:26.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0979&#31;reute
+d f BC-VIDEO-SHOPPING-MALL-A   03-02 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIDEO SHOPPING MALL ADDS FLORIDA STATION</TITLE>
+<DATELINE>    JENKINTOWN, Pa., March 2 - </DATELINE><BODY>&lt;Video Shopping Mall Inc> said
+it signed WJTC-TV, Pensacola, Fla, to carry its
+self-improvement and specialized business opportunity programs.
+    Video Shopping said the station, carried over UHF channel
+44 in the Pensacola area, reaches about 120,000 households.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12935" NEWID="751">
+<DATE> 2-MAR-1987 16:04:50.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0980&#31;reute
+d f BC-NATIONAL-EARLY-WARNIN   03-02 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL EARLY WARNING SEEKS OMEGA BALLISTICS</TITLE>
+<DATELINE>    TAMARAC, Fla., March 2 - </DATELINE><BODY>&lt;National Early Warning Systems
+Inc> said it has offered to purchase &lt;Omega Ballistics Systems
+Inc> for an undisclosed amount of cash, stock and notes.
+    Valley Cottage, N.Y., based Omega is a developer and
+designer of lightweight, custom-crafted ballistic, assault,
+flame and fire resistant paroducts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12936" NEWID="752">
+<DATE> 2-MAR-1987 16:05:07.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0982&#31;reute
+u f BC-UNITED-MERCHANTS-&lt;UMM   03-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED MERCHANTS &lt;UMM> TO BUY ITS OWN STOCK</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>United Merchants and Manufactuerers Inc
+said its board has authorized the repurchase of up to one mln
+shares of the company's common stock.
+    The company now has about 9.1 mln shares outstanding.
+    It said the stock will be acquired from time to time on the
+open market, depending on market conditions and other factors.
+The number of shares purchased and the timing of the purchases
+are also subject to restrictions under certain of the company's
+debt instruments, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12937" NEWID="753">
+<DATE> 2-MAR-1987 16:06:20.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0986&#31;reute
+r f BC-WESTINGHOUSE-&lt;WX>,-MA   03-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTINGHOUSE &lt;WX>, MATSUSHITA &lt;MC> SET VENTURE</TITLE>
+<DATELINE>    PITTSBURGH, March 2 - </DATELINE><BODY>Westinghouse Electric Corp said it
+agreed in principle to form a joint venture in factory
+automation with Matsushita Electric Industrial Co Ltd of Japan.
+    The company said the venture aims to combine Matsushita's
+experience in high-volume electronics manufacturing and
+Westinghouse's knowledge of computer integrated manufacturing.
+    The venture will design, sell and service automated
+manufacturing systems, and is expected to begin operations by
+the summer, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12938" NEWID="754">
+<DATE> 2-MAR-1987 16:06:47.27</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>brazil</D></PLACES>
+<PEOPLE><D>dauster</D></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0987&#31;reute
+b f BC-COFFEE-QUOITA-TALKKS   03-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENIOR DELEGATES PESSIMISTIC ON ICO TALKS</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Efforts to break an impasse between
+coffee exporting and importing countries over regulating the
+world coffee market in the face of falling prices appear to
+have failed, senior delegates said after a contact group
+meeting. The full ICO council is due to meet this evening.
+    President of the Brazilian Coffee Institute (IBC) Jorio
+Dauster told Reuters after the contact group meeting there had
+been no agreement on quotas as consumers had tried to dictate
+market shares rather than negotiate them.
+    Dauster said there are no plans yet to renew negotiations
+at a later date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12939" NEWID="755">
+<DATE> 2-MAR-1987 16:07:49.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0989&#31;reute
+d f BC-EDO-CORP-&lt;EDO>-UNIT-W   03-02 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDO CORP &lt;EDO> UNIT WILL BUILD AIRCRAFT PARTS</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>EDO Corp said McDonnell Aircraf Co has
+invoked its 1987 production option calling for ejection release
+units for the F-15E aircraft.
+    The company said the contract is not to exceed 10.1 mln
+dlrs and will be handled by its government systems division in
+College Point, N.Y.
+    The company said the contract is a follow up to the full
+scale development and 1986 contracts previously awarded to EDO.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12940" NEWID="756">
+<DATE> 2-MAR-1987 16:10:32.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0992&#31;reute
+r f BC-GLAMIS-GOLD-LTD-&lt;GLGV   03-02 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLAMIS GOLD LTD &lt;GLGVF> SIX MTHS DEC 31 NET</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 2 -
+    </DATELINE><BODY>Shr 16 cts vs 22 cts
+    Net 1,226,597 vs 1,327,016
+    Revs 6,598,580 vs 5,921,828
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12941" NEWID="757">
+<DATE> 2-MAR-1987 16:14:15.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0004&#31;reute
+d f BC-U.S.-APPROVES-BUYOUT   03-02 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. APPROVES BUYOUT OF COASTAL BANCORP &lt;CSBK></TITLE>
+<DATELINE>    PORTLAND, Maine, March 2 - </DATELINE><BODY>Coastal Bancorp said the U.S.
+Federal Reserve Board approved the acquisition of Coastal by
+Suffield Financial Corp &lt;SSBK>.
+    The acquisition still requires approval from the Banking
+Department in Maine, the company noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12942" NEWID="758">
+<DATE> 2-MAR-1987 16:16:29.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0011&#31;reute
+a f BC-LITTLE-PRINCE-PRODUCT   03-02 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLE PRINCE PRODUCTIONS LTD&lt;LTLP>1ST QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Qtr ended Dec 31
+    Shr profit nil vs loss nil
+    Net profit 858 vs loss 3,957
+    Revs 7,372 vs 1,500
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12943" NEWID="759">
+<DATE> 2-MAR-1987 16:17:00.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>brazil</D><D>usa</D><D>japan</D><D>uk</D><D>france</D><D>west-germany</D><D>switzerland</D><D>italy</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0012&#31;reute
+h f BC-BRAZIL-CRITICISES-ADV   03-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL CRITICISES ADVISORY COMMITTEE STRUCTURE</TITLE>
+<AUTHOR>    By Sandy Critchley, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Brazil is not happy with the existing
+structure of the 14-bank advisory committee which coordinates
+its commercial bank debt, Finance Minister Dilson Funaro said.
+    U.S. Banks have 50 pct representation on the committee
+while holding only 35 pct of Brazil's debt to banks, he said,
+adding "This is not fair with the European and Japanese banks."
+The committee had played a useful role in 1982 and 1983,
+however.
+    Noting the often different reactions of U.S., Japanese and
+European banks, Funaro told journalists that Brazil might adopt
+an approach involving separate discussions with the regions.
+    Since debtor nations' problems were normally treated on a
+case-by-case basis, "Perhaps the same principle should apply to
+creditors," central bank president Francisco Gros said.
+    Brazil on February 20 suspended indefinitely interest
+payments on 68 billion dlrs owed to commercial banks, followed
+last week by a freeze on bank and trade credit lines deposited
+by foreign banks and institutions, worth some 15 billion dlrs.
+    Funaro and Gros spent two days at the end of last week in
+Washington talking to government officials and international
+agencies and will this week visit Britain, France, West
+Germany, Switzerland and Italy for discussions with
+governments.
+    Funaro and Gros are today meeting British Chancellor of the
+Exchequer Nigel Lawson, Foreign Secretary Geoffrey Howe and
+Governor of the Bank of England Robin Leigh-Pemberton.
+    Bankers have estimated that Brazil owes U.K. Banks around
+8.5 billion dlrs in long and medium term loans, giving the U.K.
+The third largest exposure after the U.S. And Japan.
+    The crisis began when Brazil's trade surplus, its chief
+means of servicing its foreign debt, started to decline sharply
+and the problem was compounded by a renewed surge in the
+country'rate of inflation.  Reserves were reported to have
+dropped below four billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12933" NEWID="760">
+<DATE> 2-MAR-1987 16:18:47.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0026&#31;reute
+h f BC-CORRECTION---THREE-CO   03-02 0125</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - THREE CONVICTED IN HOME STATE TRIAL
+    In the CINCINNATI item headlined, "THREE CONVICTED IN HOME
+STATE FAILURE," please read in the second and subsequent
+paragraphs... Warner, the owner of Home State, was found guilty
+of six counts of willful misapplication of funds and three
+counts of securities violations in the 1985 collapse. He was
+acquitted on 76 counts sof willful misapplication.
+    Burton Bongard, former Home State president, was convicted
+of all 81 counts against him of willful misapplication.
+    The third defendant, David Schiebel, also a former Home
+State president, was found guilty on three of four counts of
+securities violations but was acquitted on 84 charges of
+willful misapplication.
+    --corrects convictions
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12944" NEWID="761">
+<DATE> 2-MAR-1987 16:19:06.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0028&#31;reute
+h f BC-VANGUARD-TECHNOLOGIES   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VANGUARD TECHNOLOGIES &lt;VTI> WINS CONTRACT</TITLE>
+<DATELINE>    FAIRFAX, Va., March 2 - </DATELINE><BODY>Vanguard Technologies International
+Inc said it was awarded a 2.2 mln dlr contract from the Office
+of the Secretary of Defense to provide facilities management
+services.
+    Under the one-year contract, which also has two one-year
+optional performance periods, the company said it will provide
+local area network operations, coordination of hardware
+installation and maintenance, user support services and systems
+and applications programming.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12945" NEWID="762">
+<DATE> 2-MAR-1987 16:19:21.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0029&#31;reute
+r f BC-AMCA-&lt;AIL>-TO-SELL-SO   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMCA &lt;AIL> TO SELL SOME DOMINION BRIDGE ASSETS</TITLE>
+<DATELINE>    TORONTO, March 2 - </DATELINE><BODY>AMCA International Ltd said it finalized
+agreement to sell certain assets and inventories of its
+Dominion Bridge steel service center operations to &lt;Federal
+Industries Ltd>'s Russelsteel Inc unit. Terms were undisclosed.
+    It said the sale involved assets and operations of the
+general line of steel service centers in Toronto and Edmonton,
+Alberta and steel from inventories of closed AMCA branches.
+    The company said the sale was part of a previously
+announced restructuring program to allow it to focus on certain
+core businesses and generate cash to cut debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12946" NEWID="763">
+<DATE> 2-MAR-1987 16:19:28.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0030&#31;reute
+d f BC-CONDOR-COMPUTER-INTRO   03-02 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONDOR COMPUTER INTRODUCES DATABASE PRODUCT</TITLE>
+<DATELINE>    ANN ARBOR, Mich., March 2 - </DATELINE><BODY>&lt;Condor Computer Corp> said it
+is offering a 3.5-inch floppy diskette version of its Condor 3
+Database Management System.
+    Th company said the new version contains all the features
+of its 5.25-inch package, including report writer and
+applications automation functions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12947" NEWID="764">
+<DATE> 2-MAR-1987 16:19:33.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0031&#31;reute
+d f BC-SCOTT'S-HOSPITALITY-A   03-02 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT'S HOSPITALITY ACQUIRES CAPITAL FOOD</TITLE>
+<DATELINE>    TORONTO, March 2 - </DATELINE><BODY>&lt;Scott's Hospitality Inc> said it
+acquired Capital Food Services Ltd, Ottawa's largest catering
+and food service company, for undisclosed terms.
+    Scott's said it would operate Capital Food as a separate
+unit under Capital's current name and management.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12948" NEWID="765">
+<DATE> 2-MAR-1987 16:20:19.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0033&#31;reute
+r f BC-FUNARO-REJECTS-U.K.-S   03-02 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUNARO REJECTS SUGGESTION OF IMF BRAZIL PLAN</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Brazilian Finance Minister Dilson Funaro
+flatly rejected a U.K. Suggestion that his country seek
+International Monetary Fund (IMF) help in order to facilitate
+debt negotiations with commercial creditor banks.
+    Talking to reporters, Funaro said this attitude would not
+help resolve the crisis started when Brazil suspended
+indefinitely interest payments on 68 billion dlrs in external
+debt on February 20.
+    Funaro was in Britain on the first leg of a tour of
+European capitals to explain the motives of the Brazilian debt
+moratorium and to seek support for intiatives to improve
+capital flows between developed countries and third world
+debtor nations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12949" NEWID="766">
+<DATE> 2-MAR-1987 16:20:33.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0035&#31;reute
+u f BC-SAATCHI-AND-SAATCHI-&lt;   03-02 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAATCHI AND SAATCHI &lt;SACHY> COMBINES UNITS</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>AC and R Advertising, a subsidiary of
+Ted Bates Worldwide, a unit of one of the largest advertising
+agencies in the U.S., Saatchi and Saatchi, said it will merge
+with two other Bates units to form a new entity under Bates
+called AC and R/DHB and Bess.
+    The company said the other units are Diener/Hauser/Bates
+(DHB) and Sawdon and Bess. AC and R chairman Stephen Rose said
+the combined billings will be 311 mln dlrs, representing a
+total of 157 clients.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12950" NEWID="767">
+<DATE> 2-MAR-1987 16:21:29.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0038&#31;reute
+h f BC-UNION-NATIONAL-&lt;UNBC>   03-02 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION NATIONAL &lt;UNBC> SIGNS DEFINITIVE PACT</TITLE>
+<DATELINE>    MASONTOWN, PA., March 2 - </DATELINE><BODY>Union National Corp said it
+signed a definitive agreement under which its First National
+Bank and Trust Co of Washington unit will merge with &lt;Second
+National Bank of Masontown>.
+    Under a previously announced merger agreement, each share
+of Second National's common stock will be converted into 25
+shares of Union National common.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12951" NEWID="768">
+<DATE> 2-MAR-1987 16:23:27.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0042&#31;reute
+u f BC-ANALYSTS-SEE-NO-OTHER   03-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSTS SEE NO OTHER BIDDER FOR PUROLATOR&lt;PCC></TITLE>
+<DATELINE>    New York, March 2 - </DATELINE><BODY>Several analysts said they do not
+believe another suitor will top the 265 mln dlr bid for
+Purolator Courier Corp by E.F. Hutton LBO Inc and a management
+group from Purolator's courier division.
+    There had been speculation another offer might be
+forthcoming, but analysts mostly believe the 35 dlrs per share
+price being paid by Hutton and the managers' PC Acquisition Inc
+is fully valued.
+    Analysts and some Wall Street sources said they doubted
+another bidder would emerge since Purolator had been for sale
+for sometime before a deal was struck with Hutton Friday.
+    Purolator's stock slipped 3/8 today to close at 34-3/4. It
+had been trading slightly higher than the 35 dlr offer on
+Friday. At least one analyst Friday speculated the company
+might fetch 38 to 42 dlrs per share.
+    analysts and wall street sources doubted a competitive
+offer would emerge since the company has been for sale for
+sometime before the deal with Hutton was struck Friday.
+    Hutton had been in talks with Purolator's adviser, Dillon,
+Read and Co since late December, a Hutton spokesman said.
+    Hutton is offering 35 dlrs cash per share for 83 pct of the
+shares. If all shares are tendered, shareholders would receive
+29 dlrs cash, six dlrs in debentures, and warrants for stock in
+a subsidiary of PC Acquisition containing the Purolator U.S.
+courier operation. Hutton values the warrants at two to three
+dlrs per share.
+    Wall Street sources also said today that a rival bidder
+might be discouraged by a breakup fee Purolator would have to
+pay if it ends its agreement with Hutton. The sources would not
+reveal the amount of the fee, which will be noted in documents
+on the transaction to be made public later this week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12952" NEWID="769">
+<DATE> 2-MAR-1987 16:23:35.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0043&#31;reute
+r f BC-FORMER-BROKER,-INVEST   03-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER BROKER, INVESTOR SENTENCED FOR TRADING</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>A former stock broker and an investor
+who pleaded guilty last June to insider trading as a
+participant in the scheme that involved lawyer Michael David
+were sentenced by the Manhattan federal court today.
+    Morton Shapiro, who was employed as a broker at Moseley
+Hallgarten Stabrook and Weeden Inc, drew a two month jail
+sentence and a 25,000 dlr fine.
+    Daniel J. Silverman, who pleaded guilty to securities
+fraud, was sentenced to three years probation, a 25,000 dlr
+fine, and ordered to provide 250 hours of community service.
+    As a result of trading on information supplied by David,
+while he was at the firm of Paul, Weiss, Rifkind, Wharton and
+Garrison, the defendants gained about 160,000 dlrs in their
+insider trading scheme, according to U.S. Attorney Rudolph W.
+Giuliani.
+    The prosecutor also said Shapiro attempted to conceal his
+unlawful trading by lying in testimony before the Securities
+and Exchange Commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12953" NEWID="770">
+<DATE> 2-MAR-1987 16:25:16.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0047&#31;reute
+d f BC-ANNUAL-MAILING-TO-DEL   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANNUAL MAILING TO DELINQUENT FARMERS -- USDA</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The Farmers Home Admininstration
+(FmHA) is undertaking its annual mailing of notices to
+delinquent farm borrowers, the U.S. Agriculture Department
+said.
+    It said about 26,400 FmHA farm borrowers were delinquent on
+December 31, 1986, and will be sent letters by early March.
+They should get in touch with the FmHA county office as soon as
+possible to make an appointment to discuss the account, it
+said.
+    The letter requests the borrower choose one or more
+servicing options listed on an accompanying form and return the
+form within 30 days, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12954" NEWID="771">
+<DATE> 2-MAR-1987 16:26:06.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0050&#31;reute
+h f BC-ANTITRUST-LAWYER-NOMI   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANTITRUST LAWYER NOMINATED CLAIMS COURT JUDGE</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Roger Andewelt, deputy assistant 
+attorney general for litigation in the Justice Department's
+antitrust division since last June, is being nominated by
+President Reagan as a judge of the United States Claims Court,
+the White House said.
+    The nomination, which is subject to Senate approval, is for
+a 15-year term. Andewelt, who has served in a number of
+antitrust division posts since 1972, would succeed Thomas Lydon
+at the Claims Court.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12955" NEWID="772">
+<DATE> 2-MAR-1987 16:26:14.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0051&#31;reute
+u f BC-PAN-AM-&lt;PN>-FEBRUARY   03-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN AM &lt;PN> FEBRUARY LOAD FACTOR UP</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Pan Am Corp said February load factor
+at Pan American World Airways rose two points to 51.9 pct from
+49.9 pct a year ago.
+    Traffic in February increased 11 pct to to 1.50 billion
+revenue passenger miles from 1.35 billion and rose 7.8 pct in
+the two months year to date to 3.31 billion from 3.07 billion.
+    Available seat miles grew 6.7 pct in February to almost
+2.90 billion from 2.72 billion and rose 4.8 pct to 6.11 billion
+from 5.83 billion in the two months.
+    Year-to-date load factor increased to 54.1 pct from 52.6
+pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12956" NEWID="773">
+<DATE> 2-MAR-1987 16:26:26.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0052&#31;reute
+r f BC-WHITEHALL-CORP-&lt;WHT>   03-02 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITEHALL CORP &lt;WHT> 4TH QTR NET</TITLE>
+<DATELINE>    DALLAS, March 2 -
+    </DATELINE><BODY>Shr 15 cts vs 55 cts
+    Net 557,000 vs 2,020,000
+    Revs 8,872,000 vs 13,908,000
+    Year
+    Shr 60 cts vs 2.52 dlrs
+    Net 2,198,000 vs 9,313,000
+    Revs 36.9 mln vs 55.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12957" NEWID="774">
+<DATE> 2-MAR-1987 16:26:51.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0053&#31;reute
+r f BC-SERVICE-CORP-INTERNAT   03-02 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVICE CORP INTERNATIONAL &lt;SRV> 3RD QTR NET</TITLE>
+<DATELINE>    HOUSTON, March 2 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr 33 cts vs 29 cts
+    Net 14.8 mln vs 11 mln
+    Revs 108.6 mln vs 70.0 mln
+    Avg shrs 45.2 mln vs 37.6 mln
+    Nine mths
+    Shr 88 cts vs 76 cts
+    Net 36.7 mln vs 28.7 mln
+    Revs 260.4 mln vs 193.0 mln
+    Avg shrs 41.9 mln vs 37.8 mln
+    Note: Net for nine mths includes gains from dispositions of
+1,783,000 dlrs or four cts a share vs 900,000 dlrs or two cts a
+share.
+    Avg shrs and shr data restated to reflect three-for-two
+stock split in January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12958" NEWID="775">
+<DATE> 2-MAR-1987 16:26:59.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0054&#31;reute
+u f BC-WARNER-COMMUNICATIONS   03-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARNER COMMUNICATIONS &lt;WCI>IN CONTRACT WITH ROSS</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Warner Communications Inc said its
+board has approved a 10-year employment contract with Chairman
+Steven J. Ross.
+    The company said the contract was opposed by the six board
+members who are nominees of Chris-Craft Inc &lt;CCN>.
+    It said the new contract calls for "new bonus awards to be
+paid out over the period of the contract," based on the price
+of the company's stock. Its statement provided no details.
+    Warner said the contract, which has been under discussion
+for a lengthy period, assures the stability and creative future
+of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12959" NEWID="776">
+<DATE> 2-MAR-1987 16:27:10.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0056&#31;reute
+s f BC-PEOPLES-BANCORPORATIO   03-02 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEOPLES BANCORPORATION &lt;PEOP> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    SEATTLE, March 2 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts
+    Pay April 24
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12960" NEWID="777">
+<DATE> 2-MAR-1987 16:27:30.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0059&#31;reute
+d f BC-CAREMARK-&lt;CMRK>-CHANG   03-02 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAREMARK &lt;CMRK> CHANGES FISCAL YEAR-END</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., March 2 - </DATELINE><BODY>Caremark Inc said it is
+changing its fiscal year-end to a calendar year from the
+previous fiscal year ending June 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12961" NEWID="778">
+<DATE> 2-MAR-1987 16:27:52.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0061&#31;reute
+d f BC-CPL-REIT-&lt;CNTRS>-4TH   03-02 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPL REIT &lt;CNTRS> 4TH QTR NET</TITLE>
+<DATELINE>    DAVENPORT, Iowa, March 2 -
+    </DATELINE><BODY>Shr 24 cts
+    Net 412,737
+    Revs 605,321
+    Year
+    Shr 93 cts
+    Net 1,577,892
+    Revs 2,345,261
+    NOTE: Full name CPL Real Estate Investment Trust.
+    Company was formed Dec 30, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12962" NEWID="779">
+<DATE> 2-MAR-1987 16:28:21.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0062&#31;reute
+d f BC-STAR-TECHNOLOGIES-TO   03-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STAR TECHNOLOGIES TO TRADE ON NASDAQ</TITLE>
+<DATELINE>    STERLING, Va., March 2 - </DATELINE><BODY>Star Technologies Inc said its
+shares will begin trading on the Nasdaq national market system
+tomorrow.
+    The company, a manufacturer of very high-speed computers
+for scientific applications, has annual revenues of about 40
+mln dlrs.
+    In the nine months ended Dec 31, the company earned 1.9 mln
+dlrs against a loss of 16.5 mln dlrs in the year-ago period, as
+sales rose to 32.6 mln dlrs from 9.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12963" NEWID="780">
+<DATE> 2-MAR-1987 16:29:14.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0068&#31;reute
+r f BC-REPUBLIC-AUTOMOTIVE-P   03-02 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC AUTOMOTIVE PARTS &lt;RAUT> 4TH QTR LOSS</TITLE>
+<DATELINE>    BRENTWOOD, Tenn., March 2 -
+    </DATELINE><BODY>Shr loss 85 cts vs loss 88 cts
+    Net loss 2,410,000 vs loss 2,466,0000
+    Revs 24.0 mln vs 23.9 mln
+    Year
+    Shr loss 1.18 dlrs vs loss 81 cts
+    Net loss 3,338,000 vs loss 2,275,000
+    Revs 101.4 mln vs 112.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12964" NEWID="781">
+<DATE> 2-MAR-1987 16:29:19.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0069&#31;reute
+w f BC-REALMERICA-CO-&lt;RACO>   03-02 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REALMERICA CO &lt;RACO> YEAR NOV 30 NET</TITLE>
+<DATELINE>    LEXINGTON, Ky., March 2 - 
+    </DATELINE><BODY>Shr profit four cts vs loss 16 cts
+    Net profit 155,383 vs loss 577,336
+    Note: Net includes tax credit of 51,226 dlrs or one ct per
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12965" NEWID="782">
+<DATE> 2-MAR-1987 16:30:23.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0073&#31;reute
+d f BC-CYBERTEK-&lt;CKCP>-FORMI   03-02 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYBERTEK &lt;CKCP> FORMING NEW DIVISION</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Cybertek said it is forming a
+General Products division which will be located in Dallas.
+    The new division will market personal computer software
+products targeted at the Fortune 500 companies, Cybertek said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12966" NEWID="783">
+<DATE> 2-MAR-1987 16:30:36.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0074&#31;reute
+d f BC-S-K-I-LTD-&lt;SKII>-2ND   03-02 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S-K-I LTD &lt;SKII> 2ND QTR JAN 25 NET</TITLE>
+<DATELINE>    KILLINGTON, Vt., March 2 -
+    </DATELINE><BODY>Shr 81 cts vs 57 cts
+    Net 3,660,273 vs 2,437,914
+    Revs 28.5 mln vs 23.1 mln
+    Six mths
+    Shr 29 cts vs 12 cts
+    Net 1,325,755 vs 483,559
+    Revs 31.7 mln vs 26.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12967" NEWID="784">
+<DATE> 2-MAR-1987 16:31:12.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0076&#31;reute
+r f BC-HOLIDAY-CORP-&lt;HIA>-TO   03-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLIDAY CORP &lt;HIA> TO REDEEM TWO BOND ISSUES</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Holiday Corp said it would redeem on
+March 11 all outstanding 9-1/2 pct first mortgage bonds due
+1995 of its Holiday Inns Inc unit and all 9-1/2 pct first
+mortgage bonds, Series A, due 1996 of its Harrah's subsidiary.
+    The Holiday bonds will be bought back at 101.6 pct of the
+bonds' principal amount plus accrued interest, or 1,038.69 dlrs
+per 1,000 dlr face amount. Holiday will redeem the Harrah's
+bonds at 104.5 pct of the principal amount plus accrued
+interest, or 1,079.31 dlrs per 1,000 dlr face amount.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12968" NEWID="785">
+<DATE> 2-MAR-1987 16:31:57.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0078&#31;reute
+r f BC-ANCHOR-GLASS-&lt;AGLS>-C   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANCHOR GLASS &lt;AGLS> CLEARED FOR LISTED ON NYSE</TITLE>
+<DATELINE>    TAMPA, Fla., March 2 - </DATELINE><BODY>Anchor Glass Container Corp said it
+has been cleared to apply for listing on the New York Stock
+Exchange and expects to file its formal application for listing
+later this month, with trading to begin during the week of
+April 20.
+    The company said the NYSE advised it management that the
+company meets the criteria for listing following successful
+completion of a preliminary eligibility review.
+    Anchor also said its stock is being split two-for-one
+effective March 24 to holders of record March three. After the
+split, it said it will have 13.3 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12969" NEWID="786">
+<DATE> 2-MAR-1987 16:32:42.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0080&#31;reute
+h f BC-BLOCKBUSTER-&lt;BBEC>-UN   03-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLOCKBUSTER &lt;BBEC> UNIT GETS TWO MORE LICENSES</TITLE>
+<DATELINE>    DALLAS, March 2 - </DATELINE><BODY>Blockbuster Entertainment Corp's
+Blockbuster Distribution Corp said it executed two additional
+area licenses to own and operate Blockbuster Videos Rental
+stores.
+    It said these exclusive licenses were granted to &lt;Videoco
+Inc> for the Greensboro, Winston-Salem, Raleigh-Durham and
+Highpoint, N.C. metropolitan areas. It said the licenses
+require a minimum of six Blockbuster superstores to be opened
+within a 25 month period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12970" NEWID="787">
+<DATE> 2-MAR-1987 16:32:51.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0081&#31;reute
+r f BC-FERRO-CORP-&lt;FOE>-SETS   03-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERRO CORP &lt;FOE> SETS JOINT VENTURE</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Ferro Corp said it has formed a
+joint venture with Paris-based Alsthom Inudstrial Group to
+export U.S. epxertise in specialty composite materials to the
+European market.
+    Ferro said although the airframe and aerospace industries
+are the prime users of composite materials today, it plans to
+develop applications for the ground transportation and
+industrial markets in the near future.
+    Ferro also announced it has agreed to purchase CompositAir,
+a developer of composit materials applications, for an
+undisclosed sum.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12971" NEWID="788">
+<DATE> 2-MAR-1987 16:34:54.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0084&#31;reute
+d f BC-COMPUTER-LANGUAGE-&lt;CL   03-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER LANGUAGE &lt;CLRI>UNIT OFFERS TAX PRODUCT</TITLE>
+<DATELINE>    DALLAS, March 2 - </DATELINE><BODY>Computer Language Research Inc said its
+CLR/Micro-Tax unit introduced a Micro-Tax W-4 Generator, a new
+software package for accounts and corporate personnel
+departments.
+    The company said the package takes the user through each
+question on the new W-4, gives explanatory instructions,
+automatically calculates entries, checks tables and generates
+the completed W-4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12972" NEWID="789">
+<DATE> 2-MAR-1987 16:36:01.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0086&#31;reute
+f f BC-******U.S.-SELLS-3-MO   03-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLS 3-MO BILLS AT 5.47 PCT, STOP 5.48 PCT, 6-MO 5.51 PCT, STOP 5.51 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12973" NEWID="790">
+<DATE> 2-MAR-1987 16:38:12.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D><D>howard-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0089&#31;reute
+f f BC-******WHITE-HOUSE'S-H   03-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE'S HOWARD BAKER SAYS REAGAN TO ADDRESS NATION WEDNESDAY AT 2100 EST
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12974" NEWID="791">
+<DATE> 2-MAR-1987 16:39:47.48</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nymex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0090&#31;reute
+d f BC-NYMEX-RULE-CHANGE-SEE   03-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYMEX RULE CHANGE SEEN BOOSTING ENERGY TRADE</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>The New York Mercantile Exchange said
+it will introduce exchanges for physicals (EFPS) to its energy
+futures markets April one.
+    An exchange spokeswoman said the change will allow oil
+traders that do not hold a futures position to initiate, after
+the exchange closes, a transaction that can subsequently be
+hedged in the futures market.
+    EFPs, already in effect for platinum futures on NYMEX, are
+expected to increase the open interest and liquidity in U.S.
+energy futures, according to traders and analysts.
+    The Commodity Futures Trading Commission approved the rule
+change in February, according to a CFTC spokeswoman.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12975" NEWID="792">
+<DATE> 2-MAR-1987 16:42:34.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0092&#31;reute
+f f BC-******AMC-EXTENDS-REB   03-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMC EXTENDS INCENTIVE PROGRAM, WILL PAY CASH REBATES UP TO 700 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12976" NEWID="793">
+<DATE> 2-MAR-1987 16:44:32.77</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>comex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0095&#31;reute
+u f BC-us-refin-copper-stks   03-02 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. REFINERY COPPER STOCKS FALL IN JANUARY</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Refined copper stocks held by U.S.
+refineries fell to 109,200 short tons at the end of January
+from 145,400 short tons at the end of December, the American
+Bureau of Metal Statistics reported.
+    Commodity Exchange (Comex) copper stocks climbed to 103,000
+tons in January from 93,300 tons in December. Combined refinery
+and Comex stocks eased to 212,200 tons in January
+from 238,700 tons in December.
+    U.S. refined production declined to 117,600 tons in January
+from 137,400 tons in December. Crude output increased to 98,600
+tons in January from 93,300 tons (revised lower) in December.
+    Preliminary figures showed U.S. refined deliveries rose to
+151,800 tons in January from 124,800 tons in December.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12977" NEWID="794">
+<DATE> 2-MAR-1987 16:44:54.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0096&#31;reute
+b f BC-REAGAN-CIA-BULLETIN   03-02 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE WITHDRAWS GATES NOMINATION AS CIA CHIEF</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The White House announced it was
+withdrawing the controversial nomination of Robert Gates as CIA
+director at Gates's request and has not yet decided on a
+replacement.
+    Withdrawal of the Gates nomination was announced by new
+White House Chief of Staff Howard Baker, who said President
+Reagan had several names under consideration to replace Gates
+but had made no decision on that score.
+    Baker said Gates had sent Reagan a letter today requesting
+his name be withdrawn from nomination to succeed the ailing and
+resigned William Casey and that Reagan had "accepted with great
+regret."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12978" NEWID="795">
+<DATE> 2-MAR-1987 16:51:00.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0111&#31;reute
+d f BC-DIAMOND-SHAMROCK-&lt;DIA   03-02 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND SHAMROCK &lt;DIA> SETS MEETING RECORD DATE</TITLE>
+<DATELINE>    DALLAS, MARCH 2 - </DATELINE><BODY>Diamond Shamrock Corp said it set March
+26 as the record date for stockholders entitled to vote at its
+April 30 annual meeting.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12979" NEWID="796">
+<DATE> 2-MAR-1987 16:51:24.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D><D>howard-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0113&#31;reute
+f f BC-******WHITE-HOUSE'S-B   03-02 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE'S BAKER SAYS REAGAN TO MEET PRESS "VERY SOON" 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12980" NEWID="797">
+<DATE> 2-MAR-1987 16:51:32.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0114&#31;reute
+r f BC-CCL-UNIT-ACQUIRES-NES   03-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCL UNIT ACQUIRES NESTLE CANADA CAN OPERATIONS</TITLE>
+<DATELINE>    TORONTO, March 2 - </DATELINE><BODY>&lt;CCL Industries Inc>'s Continental Can
+Canada Inc unit said it acquired the Wallaceburg, Ontario,
+metal can making operations of Nestle Enterprises Ltd, wholly
+owned by &lt;Nestle SA>, of Switzerland. Terms were undisclosed.
+    Continental Can said it would supply Nestle's equivalent
+can requirements under a long-term agreement.
+    Nestle said it decided to stop manufacturing cans "in order
+to be in a better position to take full advantage of the
+changes underway or on the horizon in food packaging
+technology."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12981" NEWID="798">
+<DATE> 2-MAR-1987 16:51:43.42</DATE>
+<TOPICS><D>livestock</D><D>hog</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0115&#31;reute
+r f BC-AMERICAN-PORK-CONGRES   03-02 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN PORK CONGRESS KICKS OFF TOMORROW</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>The American Pork Congress kicks off
+tomorrow, March 3, in Indianapolis with 160 of the nations pork
+producers from 44 member states determining industry positions
+on a number of issues, according to the National Pork Producers
+Council, NPPC.
+    Delegates to the three day Congress will be considering 26
+resolutions concerning various issues, including the future
+direction of farm policy and the tax law as it applies to the
+agriculture sector. The delegates will also debate whether to
+endorse concepts of a national PRV (pseudorabies virus) control
+and eradication program, the NPPC said.
+    A large trade show, in conjunction with the congress, will
+feature the latest in technology in all areas of the industry,
+the NPPC added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12982" NEWID="799">
+<DATE> 2-MAR-1987 16:52:00.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0116&#31;reute
+d f BC-BURLINGTON'S-EL-PASO   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURLINGTON'S EL PASO UNIT&lt;BNI> FILES GAS PRICES</TITLE>
+<DATELINE>    EL PASO, TEXAS, March 2 - </DATELINE><BODY>Burlington Northern Inc's El Paso
+Natural Gas Co said it filed its regularly scheduled gas cost
+adjustment that will leave its rates unchanged.
+    But still pending is El Paso's proposal to the Federal
+Energy Regulatory Commission to directly bill its wholesale
+customers for deficiencies in natural gas liquid revenues.
+    It said its filing called for a commodity rate of about
+2.57 dlrs per dekatherm, but noted that the rate could drop to
+1.84 dlrs if the Commission approves its proposal to bill
+wholesale customers directly for the revenue deficiencies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12983" NEWID="800">
+<DATE> 2-MAR-1987 16:53:18.42</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0119&#31;reute
+u f BC-copper-stks-o'side-us   03-02 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COPPER STOCKS OUTSIDE U.S. INCREASE IN DECEMBER</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Refined copper stocks held by
+refineries outside the U.S. increased to a preliminary 277,500
+short tons at the end of December from a preliminary 270,000
+short tons (revised higher) at the end of November, the
+American Bureau of Metal Statistics said.
+    London Metal Exchange stocks fell to 193,100 tons in
+December from 194,400 tons in November. Combined refinery and
+LME stocks rose to a preliminary 470,600 tons from 464,400 tons
+(revised higher). January LME stocks were 193,400 tons.
+    Preliminary figures showed refined production outside U.S.
+lower at 377,300 tons in December versus 384,000 tons in
+November. Crude output decreased to 421,500 tons from 427,000
+tons (revised higher). Refined copper deliveries decreased to
+359,800 tons from 375,400 tons (revised lower).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12984" NEWID="801">
+<DATE> 2-MAR-1987 16:57:45.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>howard-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0128&#31;reute
+b f BC-REAGAN-TO-ADDRESS-NAT   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN TO ADDRESS NATION WEDNESDAY NIGHT</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>White House Chief of Staff Howard
+Baker said President Reagan will address the nation in a
+nationally televised speech Wednesday night at 2100 EST on the
+Tower Commission Report on the arms to Iran scandal.
+    Baker, in his first news conference as chief of staff, also
+said that Robert Gates asked that his name be withdrawn from
+nomination as director of the Central Intelligence Agency.
+    Gates said in a letter to the president that it became
+apparent it would be a long and difficult process to win Senate
+confirmation of the nomination.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12985" NEWID="802">
+<DATE> 2-MAR-1987 16:58:18.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0130&#31;reute
+u f BC-CANADA-GOVERNMENT-SPE   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA GOVERNMENT SPENDING TO RISE 3.8 PCT</TITLE>
+<DATELINE>    OTTAWA, March 2 - </DATELINE><BODY>The federal government's expenditures
+will rise 3.8 pct in the fiscal year beginning April 1 to
+110.14 billion dlrs from 107.01 billion dlrs in fiscal 1987,
+the Treasury Board said.
+    The board noted the growth in the main estimates is the
+lowest since 1962, and below last year's 3.9 pct increase.
+    After inclusion of two special accounts, an unemployment
+insurance fund and a grain stabilization fund, total
+expenditures amount to 122.55 billion dlrs, the same as the
+estimate in the government's budget last month. The budget also
+estimated a deficit of 29.3 billion dlrs for fiscal 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12986" NEWID="803">
+<DATE> 2-MAR-1987 16:59:50.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0136&#31;reute
+d f BC-ADVANCE-CIRCUITS-&lt;ADV   03-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCE CIRCUITS &lt;ADVC> GETS LOAN AGREEMENT</TITLE>
+<DATELINE>    MINNETONKA, Minn., March 2 - </DATELINE><BODY>Advance Circuits Inc said it
+has signed a 9,500,000 dlrs borrowing agreement with Washington
+Square Capital Inc.
+    The new loan consists of a revolving credit facility of
+seven mln dlrs based on accounts receivable and a term loan of
+2,500,000. The interst rate on the loans is 2.75 pct over the
+prime rate, with future rate reductions scheduled if certain
+income levels are achieved.
+    It said the entire loan is due March 1990, with monthly
+payments of 29,800 due on the term loan.
+    The money was used to completely repay its debt to First
+National Bank of St. Paul. It would not say how much that was.
+The bank took a discount on its gross amount and accepted
+125,000 shares of Class C preferred stock which is convertible
+into 375,000 shares of common.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12987" NEWID="804">
+<DATE> 2-MAR-1987 17:02:13.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>howard-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0144&#31;reute
+b f BC-BAKER-SAYS-REAGAN-TO   03-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS REAGAN TO MEET PRESS "VERY SOON"</TITLE>
+<DATELINE>     WASHINGTON, March 2 - </DATELINE><BODY>White House Chief of Staff Howard
+Baker said President Reagan will meet the press "very soon."
+    Baker told a brief news conference "I expect you'll see the
+president very soon" when asked by reporters when Reagan
+expected to resume his news conferences. Reagan has not met the
+press since November 19.
+    Baker said Reagan had intended to conduct today's news
+conference and only the lack of a firm announcement of a
+replacement for Robert Gates as CIA director prevented him.
+    Reagan will address the nation wednesday night in response
+to the Tower Commission's report on the Iran arms scandal.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12988" NEWID="805">
+<DATE> 2-MAR-1987 17:02:52.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0146&#31;reute
+d f BC-TEXAS-AIR-&lt;TEX>-UNIT   03-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR &lt;TEX> UNIT TO BEGIN NEW SERVICE</TITLE>
+<DATELINE>    MIAMI, March 2 - </DATELINE><BODY>Texas Air Corp's Eastern Airlines said it
+will offer low fare, night-time service from Chicago's O'Hare
+International Airport to 18 U.S. cities.
+    It had previously offered similar service out of Houston.
+    The company said one-way fares range from 39 dlrs to St.
+Louis to 89 dlrs to Los Angeles, San Francisco and other
+cities. They are available at all times with no restrictions.
+    Flights depart between 0100 and 0415 CST and arrive around
+0600 local time. Normal baggage checking services are not
+available because the flights carry air freight cargo so
+passengers are limited to two pieces of carry-on baggage.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12989" NEWID="806">
+<DATE> 2-MAR-1987 17:03:53.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0148&#31;reute
+d f BC-TONKA-&lt;TKA>-EXPANDS-A   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TONKA &lt;TKA> EXPANDS AUSTRALIAN OPERATIONS</TITLE>
+<DATELINE>    MINNETONKA, MINN., March 2 - </DATELINE><BODY>Tonka Corp said it agreed to
+become the exclusive distributor of Tokyo-based Bandai Co Ltd
+toy lines in Australia and New Zealand and also agreed to buy
+the business of Bandai Australia.
+    Terms of the transaction were not disclosed.
+    The Bandai agreement and other actions are expected to add
+15 mln dlrs to Tonka's international sales in 1987.
+International sales accounted for 11 pct of Tonka's 293.4 mln
+dlrs of revenues in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12990" NEWID="807">
+<DATE> 2-MAR-1987 17:05:09.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0153&#31;reute
+r f BC-BARNETT-BANKS-OF-FLOR   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARNETT BANKS OF FLORIDA &lt;BBF> REDEEMS STOCK</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., March 2 - </DATELINE><BODY>Barnett Banks of Florida Inc
+called for redemption of all outstanding shares of its Series E
+4.25 dlrs cumulative convertible preferred stock.
+    The company said the redemption date will be May 8, 1987.
+    Under the terms of the redemption, shareholders may convert
+or redeem their shares. The bank said shares may be converted
+into 2.25 shares of Barnett common stock if surrenderred by
+April 23. 
+    Shares surrendered after will be redeemed for 51.50 dlrs
+per share plus dividends accured through May 8, the bank said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12991" NEWID="808">
+<DATE> 2-MAR-1987 17:06:32.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0158&#31;reute
+r f BC-HECK'S-&lt;HEX>-SAYS-CRE   03-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HECK'S &lt;HEX> SAYS CREDIT AGREEMENT EXPIRED</TITLE>
+<DATELINE>    NITRO, W.Va., March 2 - </DATELINE><BODY>Heck's Inc said that its credit
+agreement with a group of banks expired on February 28 and that
+the banks are demanding payment on the loans.
+    Heck's, which did not disclose the amount being sought by
+the banks, said it is holding discussions with its lenders that
+should be completed sometime this week.
+    Heck's added, however, that it could not predict whether a
+new credit agreement will be reached.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12992" NEWID="809">
+<DATE> 2-MAR-1987 17:07:36.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0165&#31;reute
+r f BC-TURNER-CORP-&lt;TUR>-UNI   03-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURNER CORP &lt;TUR> UNIT BUILDS HOSPITAL ADDITION</TITLE>
+<DATELINE>    FONTANA, Calif., March 2 - </DATELINE><BODY>The Turner Corp's construction
+company New York said its Orange County office has begun
+building a 23 mln dlr addition to Kaiser Permanente Medical
+Center.
+    The five-story, 197,000 square foot adition will be used
+primarily as an outpatient treatment clinic, it said.
+    Developer for the project is Kaiser Foundation Hospitals in
+Pasadena, Calif., the company said.
+    The completion date is October 1988, according to the
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12993" NEWID="810">
+<DATE> 2-MAR-1987 17:07:56.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0168&#31;reute
+h f BC-GREY-ADVERTISING-&lt;GRE   03-02 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREY ADVERTISING &lt;GREY> FORMS NEW DIVISION</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Grey Advertising Inc's GreyCom Inc
+subsidiary said it established a new division GreyCom Corporate
+and Financial.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12994" NEWID="811">
+<DATE> 2-MAR-1987 17:08:04.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0169&#31;reute
+h f BC-MFS-MANAGED-MUNCIPAL   03-02 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MFS MANAGED MUNCIPAL BOND TRUST SETS PAYOUT</TITLE>
+<DATELINE>    BOSTON, Mass., March 2 - </DATELINE><BODY>&lt;MFS Managed Muncipal Trust Bond>
+said it declared a monthly payout income distribution of 5.7
+cts a share compared with 5.6 cts for the previous month.
+    It said the distribution is payable March 20 to
+shareholders of record March two.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12995" NEWID="812">
+<DATE> 2-MAR-1987 17:08:23.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0171&#31;reute
+r f BC-COMMERCIAL-CREDIT-&lt;CC   03-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCIAL CREDIT &lt;CCC> SELLS 10-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Commercial Credit Co is raising 150 mln
+dlrs through an offering of notes due 1997 yielding 8.217 pct,
+said lead manager Morgan Stanley and Co Inc.
+    The notes have an 8-1/8 pct coupon and were priced at
+99.375 to yield 105 basis points more than comparable Treasury
+securities.
+    Non-callable for life, the issue is rated Baa-2 by Moody's
+and BBB-plus by Standard and Poor's. First Boston Corp and
+Shearson Lehman Brothers Inc co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12996" NEWID="813">
+<DATE> 2-MAR-1987 17:11:30.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0179&#31;reute
+d f BC-ATT-&lt;ATT>-GETS-57.3-M   03-02 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;ATT> GETS 57.3 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>American Telephone and Telegraph Co
+has received a 57.3 mln dlr contract to develop laboratory
+equipment for an Enhanced Modular Signal Processor, the Navy
+said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12997" NEWID="814">
+<DATE> 2-MAR-1987 17:13:00.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0181&#31;reute
+r f BC-AMC-&lt;AMO>-EXTENDS-INC   03-02 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMC &lt;AMO> EXTENDS INCENTIVE PROGRAM</TITLE>
+<DATELINE>    SOUTHFIELD, Mich., March 2 - </DATELINE><BODY>American Motors Corp said it
+is offering up to 700 dlrs on 1986 and 1987 Jeep Cherokee and
+Wagoneer vehicles bought until March 31.
+    Rebates are 700 dlrs for two-door vehicles and 500 dlrs on
+four-door models.
+    This is the first time cash rebates are available on these
+two Jeeps, a spokesman said. Not included is the 1987 Jeep
+Cherokee Limited.
+    The expanded program is intended to keep AMC competitive in
+the marketplace and enable it to maintain its sales momentum
+with Jeep products, said William Enockson, group vice
+president, North American sales and marketing.
+    AMC continues to offer low-interest rate-loans on most new
+1986 and 1987 Jeep Comanche models from 2.9 pct for 24 month
+loans up to 9.9 pct on 60 month loans. These loans are
+available until March 31.
+    AMC has been offering up to 500 dlrs rebates on its 1986
+Encore and Alliance cars and 1987 Alliance and GTA models, the
+spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12998" NEWID="815">
+<DATE> 2-MAR-1987 17:13:26.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0183&#31;reute
+w f BC-ADVANCED-SYSTEMS-&lt;ASY   03-02 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED SYSTEMS &lt;ASY> TO DISTRIBUTE COURSES</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>Advanced Systems Inc said it acquired
+distribution rights to three interactive video courses
+developed by NCR Corp &lt;NCR>.
+    The three courses, for data processing professionals and
+bankers, are delivered through interactive video, which
+combines video discs, personal computers and touch-screen
+monitors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12999" NEWID="816">
+<DATE> 2-MAR-1987 17:15:02.61</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0186&#31;reute
+u f BC-us-brsmill-copper-stk   03-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BRASS MILL COPPER STOCKS LOWER IN JANUARY</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>U.S. brass mill copper stocks fell to
+185,400 short tons (copper content) at the end of January from
+191,200 short tons at the end of December, according to the
+American Bureau of Metal Statistics.
+    Consumption by brass mills increased to 60,700 short tons
+in January from 48,900 short tons in December.
+    Mills consumed 29,600 tons of refinery shapes in January
+versus 24,000 tons in December. Scrap consumption increased to
+31,100 tons in January from 24,900 tons in December.
+    Total brass mill shipments increased to 69,600 tons in
+January from 54,400 tons in December, while receipts rose to
+63,800 tons from 47,100 tons.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13000" NEWID="817">
+<DATE> 2-MAR-1987 17:23:30.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0204&#31;reute
+h f BC-MFS-MUNICIPAL-INCOME   03-02 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MFS MUNICIPAL INCOME TRUST &lt;MFM> SETS PAYOUT</TITLE>
+<DATELINE>    BOSTON, March 2 - </DATELINE><BODY>MFS Municipal Income Trust said it
+declared a monthly income distribution of 5.7 cts a share
+compared with 5.5 cts a share paid in the previous month.
+    It said the distribution is payable March 27 to
+shareholders of record March 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13001" NEWID="818">
+<DATE> 2-MAR-1987 17:23:55.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0206&#31;reute
+u f BC-PITTWAY-CORP-&lt;PRY>-4T   03-02 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PITTWAY CORP &lt;PRY> 4TH QTR NET</TITLE>
+<DATELINE>    NORTHBROOK, Ill., March 2 -
+    </DATELINE><BODY>Shr 1.35 dlrs vs two dlrs
+    Net 6,195,000 vs 9,202,000
+    Sales 157.5 mln vs 151.6 mln
+    Year
+    Shr 6.02 dlrs vs 6.78 dlrs
+    Net 27,608,000 vs 31,117,000
+    Sales 585.7 mln vs 541.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13002" NEWID="819">
+<DATE> 2-MAR-1987 17:25:58.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0210&#31;reute
+r f BC-&lt;SIEMENS-AG>-U.S-UNIT   03-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SIEMENS AG> U.S UNIT TO BEGIN MAKING SYSTEMS</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 2 - </DATELINE><BODY>&lt;Siemens AG's> U.S. subsidiary,
+Siemens Public Switching Systems Inc said two existing plants
+have been selected to allow immediate start up of manufacturing
+on an interim basis of EWSD digital central office switching
+systems in the U.S.
+    The company said the two facilities, one in Cherry Hill,
+N.J., the other in Hauppauge, N.Y., will be used while a
+rigorous review process for selecting a facility devoted only
+to EWSD manufacturing continues.
+    Siemens Public is part of Siemens Communication Systems
+Inc, also headquartered in Boca Raton.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13003" NEWID="820">
+<DATE> 2-MAR-1987 17:26:06.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0211&#31;reute
+r f BC-ARMTEK-&lt;ARM>-TO-SELL   03-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMTEK &lt;ARM> TO SELL INDUSTRIAL TIRE UNIT</TITLE>
+<DATELINE>    NEW HAVEN, CONN., March 2 - </DATELINE><BODY>Armtek Corp, previously the
+Armstrong Rubber Co, said it agreed to sell its industrial tire
+and assembly division to a Dyneer Corp &lt;DYR> for an undisclosed
+sum.
+    It said the agreement covers the division's tire production
+facility in Clinton, Tenn., and its plants serving original
+equipment and replacement markets. Armstrong Tire Co, an Armtek
+unit, will continue to sell replacement industrial tires, the
+company said.
+    Final closing is expected in the third fiscal quarter
+ending June 30.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13004" NEWID="821">
+<DATE> 2-MAR-1987 17:27:14.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>us-virgin-islands</D><D>guam</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0212&#31;reute
+u f BC-U.S.-SIGNS-TAX-TREATY   03-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SIGNS TAX TREATY WITH VIRGIN ISLANDS</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The Treasury Department said the
+United States and the Virgin Islands have signed a tax treaty
+to exchange tax information and provide mutual assistance in
+tax matters.
+    The agreement was needed to trigger provisions of the Tax
+Reform Act of 1986 allowing the Virgin Islands to offer
+investment incentives by reducing Virgin Islands taxes on
+non-U.S. source income, the Treasury said.
+    The treaty will be a model for similar agreements to be
+negotiated with three other U.S. possessions -- American Samoa,
+the Mariana Islands and Guam, the Treasury said.
+    The new agreement, which expands and replaces a prior
+agreement with the Virgin Islands, was signed on February 24,
+the Treasury said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13005" NEWID="822">
+<DATE> 2-MAR-1987 17:29:03.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0216&#31;reute
+u f BC-CME-SETS-FEBRUARY-TRA   03-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME SETS FEBRUARY TRADING VOLUME RECORD</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>The Chicago Mercantile Exchange (CME)
+posted record trading volume for the month of February when
+6,556,464 futures and options contracts changed hands, up 15.2
+pct from last February's volume of 5,693,243 contracts.
+    Interest rate futures trading was the most active segment
+at the exchange, with Eurodollar futures setting a monthly
+record of 1,472,184 contracts, up 78.4 pct, from volume of
+825,087 contracts in February last year and surpassing the
+previous record of 1,288,729 contracts set in September, 1986.
+    Options on Eurodollar futures also set a monthly record of
+235,916 contracts, up 92.4 pct from 122,616 a year ago.
+    Trading in currency futures and options at the CME fell 4.6
+pct during February from a year ago, with 2,012,148 contracts
+changing hands compared to 2,119,198 contracts in the same
+period last year.
+    Volume in most currency futures contracts fell in February,
+while options on the currency futures rose 28.2 pct. Options on
+mark futures set a monthly record at 273,749 contracts, up from
+the previous record of 268,831 contracts in January.
+    Agricultural futures volume rose 17.1 pct during the month,
+with live hog futures volume leading the market segment, rising
+27.7 pct to 138,543 contracts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13006" NEWID="823">
+<DATE> 2-MAR-1987 17:29:23.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0217&#31;reute
+d f BC-SOFTWARE-COS-SUPPORT   03-02 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOFTWARE COS SUPPORT NEW APPLE &lt;AAPL> PRODUCTS</TITLE>
+<DATELINE>    LOS ANGELES, March 2 - </DATELINE><BODY>Over 30 software companies announced
+programs to support Apple Computer Inc's new Macintosh II and
+Macintosh SE computers.
+    At a seminar where the products were introduced, software
+makers such as Ashton-Tate &lt;TATE>, Microsoft Corp &lt;MSFT> and
+Lotus Development Corp &lt;LOTS> announced new or existing
+products now accessible to the Macintosh computers.
+    Lotus announced Lotus Galaxy, software that will deliver
+six programmable business modules, which it said will be
+formally introduced this summer.
+    In addition, National Semiconductor &lt;NSM> said it will
+provide a series of products for the Macintosh computers,
+including a 16-megabyte memory expansion module.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13007" NEWID="824">
+<DATE> 2-MAR-1987 17:30:24.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0219&#31;reute
+r f BC-AMERICAN-ELECTRIC-&lt;AE   03-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ELECTRIC &lt;AEP> UNIT REDEEMING BONDS</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Appalachian Power Co, a unit of
+American Electric Power Co, said it will redeem on May one an
+additional 1.38 mln dlrs of its 12-7/8 pct first mortgage bonds
+due 2013.
+    That increases to 2.88 mln dlrs the amount of bonds the
+utility will buy back. Appalachian Power said it will redeem
+the bonds at par plus accrued interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13008" NEWID="825">
+<DATE> 2-MAR-1987 17:31:07.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0222&#31;reute
+r f BC-AVX-CORP-&lt;AVX>-DEBT-A   03-02 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVX CORP &lt;AVX> DEBT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the B-plus rating on AVX Corp's 28 mln dlrs of
+subordinated debt.
+    The company's implied senior debt rating is BB.
+    S and P said AVX's purchase offer for CTS Corp &lt;CTS> has
+expired and the acquisition does not appear likely to occur.
+AVX was listed on S and P's creditwatch with negative
+implications on December 17, 1986, because of the proposed
+acquisition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13009" NEWID="826">
+<DATE> 2-MAR-1987 17:31:56.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0225&#31;reute
+r f BC-FDA-OKAYS-DRUG-TO-LES   03-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDA OKAYS DRUG TO LESSEN HEMOPHILIACS' BLEEDING</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The federal Food and Drug
+Administration said it approved for U.S. marketing a drug that
+reduces bleeding in hemophiliacs requiring dental work.
+    The FDA said the drug, tranemaxic acid, would lessen and in
+some cases eliminate altogether the need for blood transfusions
+in hemophiliacs who must have teeth extracted.
+    The drug will be made by Kabivitrum of Stockholm, Sweden
+and distributed here under the trade name Cyklokapron by
+Kabivitrum Inc of Alameda, Calif.
+    Hemophilia is a hereditary diseease whose victims lack the
+particular proteins that promote blood clotting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13010" NEWID="827">
+<DATE> 2-MAR-1987 17:32:38.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0227&#31;reute
+r f BC-KIDDER-UNIT-SELLS-CMO   03-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIDDER UNIT SELLS CMOS, INCLUDING FLOATERS</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Kidder, Peabody Mortgage Assets Trust
+Five, a unit of Kidder, Peabody and Co Inc, is offering 500 mln
+dlrs of collateralized mortgage obligations in seven classes,
+including floating-rate and inverse-rate tranches.
+    Sole manager Kidder Peabody said the first floating-rate
+class has an initial rate of 6.755 pct that will be reset
+quarterly at 40 basis points over three-month LIBOR, with an 11
+pct cap.
+    Totaling 53.3 mln dlrs, this floating-rate class contains a
+so-called catchup provision that allows investors to recapture
+possible lost interest, according to Kidder Peabody.
+    For instance, if three-month LIBOR rises to 15 pct during
+the life of the floating-rate tranche and falls back below the
+11 pct cap, investors would be paid back, dollar for dollar,
+the amount of interest they would have received if the CMOs did
+not carry a maximum interest rate, a Kidder officer said.
+    Kidder Peabody introduced this concept on February 12.
+    The other floating-rate class totals 132.4 mln dlrs and has
+an initial rate of 6.975 pct that will be reset quarterly at 60
+basis points over three-month LIBOR, with a 13 pct cap. This
+tranche does not have a catch-up provision, the Kidder officer
+said.
+    The inverse-rate tranche totals 71.3 mln dlrs and has an
+initial rate of 10.903 pct. The rate will be reset quarterly
+according to the formula of 22.44027 minus the product of
+1.8097 times three-month LIBOR.
+    Yields on the remaining fixed-rate CMOs, the balance of the
+500 mln dlr issue, range from 7-1/4 to 9.27 pct, or 90 to 160
+basis points over comparable Treasuries.
+    The issue is rated a top-flight AAA by Standard and Poor's.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13011" NEWID="828">
+<DATE> 2-MAR-1987 17:33:12.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0232&#31;reute
+s f BC-PETROLITE-CORP-&lt;PLIT>   03-02 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETROLITE CORP &lt;PLIT> SETS PAYOUT</TITLE>
+<DATELINE>    ST. LOUIS, March 2 -
+    </DATELINE><BODY>Qtly dividend 28 cts vs 28 cts
+    Pay April 24
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13012" NEWID="829">
+<DATE> 2-MAR-1987 17:33:23.03</DATE>
+<TOPICS><D>propane</D><D>heat</D><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nymex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0233&#31;reute
+r f BC-NYMEX-TO-SUBMIT-PROPA   03-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYMEX TO SUBMIT PROPANE PROPOSAL TO CFTC</TITLE>
+<DATELINE>    NEW YORK, March 2 -</DATELINE><BODY>The New York Mercantile Exchange expects
+to submit a propane futures contract for federal regulatory
+approval within a few days, according to an exchange
+spokeswoman.
+    As previously announced, the Board of Governors of the
+exchange approved the contract last month. The exchange will
+now submit the contract to the Commodity Futures Trading
+Commission, according to the spokeswoman.
+    Contract specifications will resemble those of heating oil
+and gasoline futures. The contract size will be 1,000 barrels,
+or 42,000 U.S. gallons.
+    The minimum price fluctuation for the propane futures
+contract will be  0.01 cent per gallon, or 4.20 dlrs a barrel,
+according to the exchange.
+    The maximum daily price limit will be two cts a gallon on
+all contracts except spot. Trading will terminate on the last
+business day of the month preceding the delivery month.
+    The exchange said delivery will be F.O.B from the seller's
+pipeline, storage, or fractionation facility in Mont Belvieu,
+Texas, which has a direct pipeline access to the Texas Eastern
+Transmission Pipeline (TET) in Mont Beliview.
+    Delivery method will be by in-line or in-well transfer,
+inter-facility transfer or pumpover, or book transfer and
+cannot be done earlier than the tenth calendar day of the
+delivery month, according to the exchange. Deliveries must be
+completed no later than two business days prior to the end of
+the delivery month.
+    Buyers taking delivery of the propane must pay the seller
+by certified check and the deadline for payment is 1200 EST
+(noon) of the second business day following receipt of the
+propane.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13013" NEWID="830">
+<DATE> 2-MAR-1987 17:35:06.14</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0236&#31;reute
+f f BC-sydney---austn-annual   03-02 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>australian annual broad money supply growth 10.3 pct in January
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13014" NEWID="831">
+<DATE> 2-MAR-1987 17:35:52.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0237&#31;reute
+f f BC-******GM-FEBRUARY-U.S   03-02 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM FEBRUARY U.S. CAR OUTPUT 358,661, DOWN FROM 398,823 LAST YEAR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13015" NEWID="832">
+<DATE> 2-MAR-1987 17:40:23.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0245&#31;reute
+r f BC-GM-&lt;GM>-OUTPUT-FELL-L   03-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> OUTPUT FELL LAST MONTH</TITLE>
+<DATELINE>    DETROIT, March 2 - </DATELINE><BODY>General Motors Corp said its February
+U.S. car production declined to 358,661 from 398,823 a year
+ago.
+    GM said its U.S. truck production declined to 128,099 from
+135,434 a year ago.
+    Year-to-date, GM said car output declined to 669,370 from
+839,097 and truck production eased to 250,999 from 279,181.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13016" NEWID="833">
+<DATE> 2-MAR-1987 17:40:53.64</DATE>
+<TOPICS><D>veg-oil</D><D>soy-oil</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>spain</D><D>portugal</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0246&#31;reute
+r f BC-YEUTTER-BLASTS-PROPOS   03-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER BLASTS PROPOSED EC OILS AND FATS TAX</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>U.S. trade representative Clayton
+Yeutter today said that if the European Community's Council of
+Ministers approves a tax on vegetable oils and fats, another
+major transatlantic trade row will erupt over agriculture.
+    In a statement issued by the trade representative's office
+following a speech to the American Soybean Association's board
+of directors, Yeutter said the proposed tax would have a severe
+impact on American soybean farmers, who export some 2.4 billion
+dlrs in soybeans and products annually to the EC.
+    "This is an unacceptable situation for us and its
+(vegetable oils tax) enactment would leave us no choice but to
+vigorously protect our trade rights and defend our access to
+the European market," Yeutter said.
+    Yeutter said the proposed vegetable oils tax would violate
+EC obligations under the GATT.
+    He said the effect of the tax would be to double the price
+of soyoil produced from imported soybeans, making margarine
+made from soyoil more expensive than tallow-based margarine,
+and closer in price to expensive European butter.
+    "I am astonished that the EC commission would propose such
+a provocative measure so soon after we successfully resolved
+the agricultural dispute over the enlargement of the EC to
+include Spain and Portugal," Yeutter said.
+    "It serves no purpose to embark on another confrontational
+course before the recent wounds have healed and as we are
+beginning to make progress on the Uruaguay round (of global
+trade talks)," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13017" NEWID="834">
+<DATE> 2-MAR-1987 17:44:54.39</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0256&#31;reute
+r f BC-EXXON-&lt;XON>-CUTS-HEAT   03-02 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> CUTS HEATING OIL BARGE PRICE</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Oil traders in New York said Exxon
+Corp's Exxon U.S.A. unit reduced the price it charges contract
+barge customers for heating oil in New York harbor 0.75 cent a
+gallon, effective today.
+    They said the reduction brings Exxon's contract barge price
+to 43.25 cts. The price decrease follows sharp declines in
+heating oil prices on spot and futures markets, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13018" NEWID="835">
+<DATE> 2-MAR-1987 17:50:00.65</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>greece</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0260&#31;reute
+r f AM-GREECE-AEGEAN   03-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREECE SAYS IT HAS RIGHT ON AEGEAN OIL DRILLING</TITLE>
+<DATELINE>    ATHENS, March 2 - </DATELINE><BODY>Greece, responding to a warning by Turkey
+against conducting oil activities in the Aegean Sea, said today
+it had the right to decide where and how to do research or
+drilling work in the area.
+    A government spokesman said the Greek position was made
+clear to Turkey's ambassador Nazmi Akiman when he met Greek
+Foreign Affairs Undersecretary Yannis Kapsis last week.
+    Acting Turkish Prime Minister Kaya Erdem said earlier today
+Greek activities in the northern Aegean contravened the 1976
+Berne Agreement which set the framework for talks on the Aegean
+continental shelf disputed between Ankara and Athens.
+    The Greek statement today said, "Greece is not prepared to
+give up even a trace of its sovereignty rights to the seabed.
+It has been stressed to...Mr Akiman that the decision where or
+how to drill belongs exclusively to the Greek government."
+    "The Greek government has repeatedly let the Turkish side
+know that it considers the 1976 Berne protocol as inactive
+through the fault of Turkey," it said.
+    The Greek statement said Athens was ready to put the
+continental shelf issue before international courts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13019" NEWID="836">
+<DATE> 2-MAR-1987 17:51:33.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0263&#31;reute
+u f BC-MINSTAR   03-02 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEUCADIA &lt;LUK> HAS 7.2 PCT OF MINSTAR &lt;MNST></TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Leucadia National Corp said two of
+its subsidiaries have acquired a 7.2 pct stake in Minstar Inc,
+a corporation controlled by corporate raider Irwin Jacobs and
+used by him in his forays to acquire stock in companies.
+    In a filing with the Securities and Exchange Commission,
+Leucadia said its LNC Investments Inc, a Newark, Del.,
+investment firm, and Charter National Life Insurance Co, a St.
+Louis joint stock life insurance company, bought their combined
+1,261,000 Minstar common shares for investment purposes only.
+    The Leucadia subsidiaries had held an 11.0 pct stake in
+Minstar, but cut to 1.8 pct, or 313,200 shares, last July.
+    Since July, Leucadia said its companies have bought 947,800
+Minstar common shares for a total of 24.7 mln dlrs.
+    Leucadia said it bought the Minstar stake to obtain an
+equity position in the company and has no intention of seeking
+control of it.
+    Nearly half of Leucadia's common stock is owned by TLC
+Associates, a Salt Lake City, Utah, general partnership, whose
+partners include the chairman and president of Leucadia and
+other investors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13020" NEWID="837">
+<DATE> 2-MAR-1987 17:54:07.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0267&#31;reute
+r f BC-BASIX-CORP-&lt;BAS>-4TH   03-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASIX CORP &lt;BAS> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 2 - 
+    </DATELINE><BODY>Oper shr loss eight cts vs profit 20 cts
+    Oper net loss 768,000 vs profit 1,962,000
+    Revs 49.0 mln vs 43.6 mln
+    12 mths
+    Oper shr loss 1.41 dlrs vs profit 96 cts
+    Oper net loss 13.6 mln vs profit 9,305,000
+    Revs 175.3 mln vs 140.7 mln
+    Note: Oper excludes loss from discontinued operations of
+4,676,000 dlrs or 48 cts a share for year-ago qtr and 7,571,000
+dlrs or 78 cts a share for year-ago 12 mths.
+    Oper includes charge of 1.1 mln dlrs for cumulative effect
+of repeal of the investment tax credit for qtr and writedown of
+21.6 mln dlrs on gas and oil facilities for 12 mths.
+    Year-ago shr data restated to reflect two pct stock
+dividend of December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13021" NEWID="838">
+<DATE> 2-MAR-1987 17:55:28.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>mose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0268&#31;reute
+r f BC-MONTREAL-EXCHANGE-NAM   03-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTREAL EXCHANGE NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    MONTREAL, March 2 - </DATELINE><BODY>The Montreal Exchange said it named
+Bruno Riverin, president of Quebec's Caisse centrale
+Desjardins, as its new president and chief executive officer.
+    Riverin replaces former exchange president Andre Saumier,
+who resigned in January to set up a brokerage firm.
+    Riverin's appointment is effective March 26, the exchange,
+Canada's second largest, said.
+    The Caisse central is the main investment arm of Quebec's
+huge credit union movement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13022" NEWID="839">
+<DATE> 2-MAR-1987 17:57:47.94</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0270&#31;reute
+u f BC-AUSTN-JANUARY-ANNUAL   03-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN JANUARY ANNUAL BROAD MONEY UP 10.3 PCT</TITLE>
+<DATELINE>    Sydney, March 3 - </DATELINE><BODY>Australia's broad money supply rose 10.3
+pct in the year ended January, up from a revised 9.6 pct in
+December, the Reserve Bank said.
+    This compares with the previous January's 13.9 pct.
+    In January broad money growth slowed to 0.7 pct from
+December's 1.5 pct and compared with nil growth in January
+1986.
+    Within the broad money total, non-bank financial
+intermediaries rose by 0.2 pct from a revised decline of 0.2 
+in December and a previous January's 0.8 pct increase.
+    In the January year, NBFI's borrowings rose by 9.5 pct from
+a revised 10.1 in December and compared with a previous
+January's 12.8.
+    At the end of January, broad money stood at 175,866 mln
+dlrs dlrs from December's 174,668 mln dlrs and a January 1986
+level of 159,453 mln.
+    In the same period, borrowings from the private sector by
+the NBFIs rose to 70,389 mln dlrs from December's 70,237 mln
+and the previous January's 64,299 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13023" NEWID="840">
+<DATE> 2-MAR-1987 17:58:34.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0271&#31;reute
+d f BC-MICROBIO-&lt;MRC>-PLANS   03-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROBIO &lt;MRC> PLANS ACQUISITION, FINANCING</TITLE>
+<DATELINE>    BOUNTIFUL, Utah, March 2 - </DATELINE><BODY>Microbiological Research Corp
+said it entered into a letter of intent for a proposed business
+combination with privately owned &lt;DataGene Scientific
+Laboratories Inc>, and &lt;Milex Corp> a newly formed company,
+through a stock swap.
+    It also said it received 100,000 dlrs from the sale of a
+convertible note to Ventana Growth Fund as part of an overall
+1,100,000 equity financing plan with Ventana. Under that plan,
+a minimum of 400,000 dlrs and a maximum of one mln dlrs of
+additional new capital is to be provided to fund the combined
+operations of the three companies.
+    Microbiological also said that if the maximum additional
+capital is raised, it will own about 49 pct of 4,550,00 shares
+of common outstanding in the new combined company, DataGene
+holders will own 29 pct, and Ventana and others will own 13
+pct.
+    It said the remaining nine pct will be held by Milex
+shareholder Norman Monson, who will become chief executive
+officer of the combined companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13024" NEWID="841">
+<DATE> 2-MAR-1987 18:02:38.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0277&#31;reute
+r f BC-NATIONAL-BANK-ISSUES   03-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL BANK ISSUES MORTGAGE-BACKED SECURITIES</TITLE>
+<DATELINE>    MONTREAL, March 2 - </DATELINE><BODY>&lt;National Bank of Canada> said it is
+issuing 25 mln dlrs worth of mortgage-backed securities
+recognized by the federal government's Canada Mortgage and
+Housing Corp.
+    The bank said the issue is divided into two pools--one
+bearing annual interest of 8-3/4 pct and the other 8-5/8 pct,
+with interest calculated semi-annually and paid monthly.
+    It said the securities are available in denominations of
+5,000 dlrs for a term of slightly less than five years.
+    Underwriters are (Levesque, Beaubien Inc), and (McLeod
+Young Weir Ltd).
+    National Bank said the issue is part of a program by Canada
+Mortgage and Housing, introduced late last year, which provides
+investors with high quality securities similar to government
+bonds but with a higher rate of return.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13025" NEWID="842">
+<DATE> 2-MAR-1987 18:02:53.06</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0278&#31;reute
+b f BC-ICO-COUNCIL-ENDS-IN-F   03-02 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO COUNCIL ENDS IN FAILURE TO AGREE QUOTAS</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>A special meeting of the International
+Coffee Organization (ICO) council failed to agree on how to set
+coffee export quotas, ICO delegates said.
+    Producers and consumers could not find common ground on the
+issue of quota distribution in eight days of arduous, often
+heated talks, delegates said.
+    Export quotas -- the major device of the International
+Coffee Agreement to stabilise prices -- were suspended a year
+ago after coffee prices soared in reaction to a drought in
+Brazil which cut its output by two thirds.
+    Delegates and industry representatives predicted coffee
+prices could plummet more than 100 stg a tonne to new four year
+lows tomorrow in response to the results of the meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13026" NEWID="843">
+<DATE> 2-MAR-1987 18:03:14.58</DATE>
+<TOPICS><D>gnp</D><D>trade</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0279&#31;reute
+r f BC-FRANCE-HAS-LITTLE-ROO   03-02 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE HAS LITTLE ROOM FOR MANOEUVRE, OECD SAYS</TITLE>
+<DATELINE>    PARIS, March 3 - </DATELINE><BODY>French industry is failing to produce the
+goods its markets need and its loss of competitiveness has left
+the government little room for manoeuvre to reflate the
+economy, the Organisation for Economic Cooperation and
+Development said.
+    With gross domestic product likely to grow only 2.1 pct
+this year, the same rate as last year, unemployment could climb
+to 11.5 pct of the workforce by mid-1988, from its present 10.9
+pct, it said in an annual review of the French economy.
+    The report said the French economy was "increasingly
+ill-adapted to demand" selling goods at "uncompetitive relative
+prices on both domestic and export markets."
+    "France's poor export performance reflects a geographical
+bias in favour of markets less dynamic than the average...
+And...A substantial loss of market share...In the past 18
+months," it said.
+    Pointing to a likely widening of the French trade deficit
+to around 2.9 billion dlrs this year from 2.4 billion in 1986,
+it warned that a further depreciation of the dollar against the
+franc could lead to "a (renewed) loss of competitiveness
+relative not only to the United States but also to the newly
+industrialised countries."
+    This could result in further major losses of market share,
+particularly in the non-OECD area, which accounts for almost a
+quarter of French exports, it said.
+    Until the competitive ability of industry improved, the
+authorities would have "little scope for macroeconomic
+manoeuvre, even if the unemployment situation or the need to
+encourage a pickup in investment could require demand to grow
+more briskly," it added.
+    But rising unemployment could help to hold down wage
+demands, contributing to a slowdown in inflation to around a
+two pct annual rate this year and early next, the OECD said.
+    Written mainly in December last year, the report took no
+account of a rise in oil prices early in 1987, and a 0.9 pct
+surge in January consumer prices, caused partly by the
+government's deregulation of service sector tariffs.
+    "We took a bet that the freeing of prices would not provoke
+runaway rises, and it is not absolutely certain that bet has
+been lost," one OECD official commented.
+    OECD officials said the January data and a rise in oil
+prices above the 15 dlrs a barrel average assumed in the
+report, indicated an upward revision in the inflation forecast
+to around 2.5 or three pct.
+    The government last week revised its forecast up to between
+2.4 and 2.5 pct from two pct, against last year's 2.1 pct.
+    But the OECD backed the government's view that the
+underlying trend for inflation remained downwards this year,
+with a slowdown in domestic costs taking over from last year's
+fall in oil and commodity prices as the chief cause of
+disinflation.
+    With French unit productivity costs now among the lowest in
+the OECD area, the inflation differential between France and
+its main trading rival, West Germany, could fall to just one
+pct this year, it said.
+    On the other hand, the report noted, consumer prices for
+industrial goods and private services have been rising steeply
+as companies built up their profits.
+    "For the disinflationary process to continue , and price
+competitiveness to become lastingly compatible with exchange
+rate stability, it is essential that wage restraint continue,"
+it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13027" NEWID="844">
+<DATE> 2-MAR-1987 18:05:33.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-SHAER   03-02 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAINEWEBBER&lt;PWJ> UNIT UPS SHAER SHOE &lt;SHS> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Mitchell Hutchins Asset Management
+Inc, a New York investment firm and subsidiary of PaineWebber
+Group Inc, said it raised its voting stake in Shaer Shoe Corp
+to 76,000 shares, or 7.5 pct, from 52,100 shares, or 5.1 pct.
+    In a filing with the Securities and Exchange Commission,
+Mitchell Hutchins said it bought 11,900 shares between Jan 8
+and Feb 24 at prices ranging from 12.125 to 12.75 dlrs a share
+and obtained voting control over another 12,000 shares.
+    The firm has said it bought the stake as an investment on
+behalf of its clients, but said it has had discussions with
+Shaer management. It did not disclose the topic of the talks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13028" NEWID="845">
+<DATE> 2-MAR-1987 18:08:19.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0291&#31;reute
+r f BC-ORACLE-SYSTEMS-CORP-&lt;   03-02 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORACLE SYSTEMS CORP &lt;ORCL> TO OFFER STOCK</TITLE>
+<DATELINE>    BELMONT, Calif., March 2 - </DATELINE><BODY>Oracle Systems Corp said it
+plans to register with the Securities and Exchange Commission
+to offer two mln share of its common stock.
+    If these shares, about 1.5 mln shares woll by sold by the
+company and up to 500,000 shares by be sold by certain
+shareholders.
+    Oracle, which recently announced a two-for-one stock split,
+said it will have about 28 mln shares outstanding after the
+offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13029" NEWID="846">
+<DATE> 2-MAR-1987 18:08:44.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0292&#31;reute
+d f BC-TELECREDIT-INC-&lt;TCRD>   03-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELECREDIT INC &lt;TCRD> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    LOS ANGELES, March 2 -
+    </DATELINE><BODY>Shr 32 cts vs 22 cts
+    Net 3,454,000 vs 2,224,000
+    Revs 33.2 mln vs 28.1 mln
+    Nine mths
+    Shr 64 cts vs 38 cts
+    Net 6,935,000 vs 3,877,000
+    Revs 86.8 mln vs 70.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13030" NEWID="847">
+<DATE> 2-MAR-1987 18:09:17.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0293&#31;reute
+h f BC-COUSINS-HOME-FURNISHI   03-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUSINS HOME FURNISHINGS &lt;CUZZ> GET CREDIT LINE</TITLE>
+<DATELINE>    SAN DIEGO, March 2 - </DATELINE><BODY>Cousins Home Furnishings Inc said it
+obtained a 5.0-mln-dlr working capital line of credit from
+Lloyds Bank PLC, through its Los Angeles branch.
+    The credit is supported by a guarantee from the company's
+Canadian affiliate, The Brick Warehouse Ltd, which will receive
+200,000-dlrs worth of the company's stock.
+    The line of credit, which expires in July, 1989, will be
+used to pay off a 1,750,000-dlr working capital loan the
+company owes Wells Farg Bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13031" NEWID="848">
+<DATE> 2-MAR-1987 18:09:30.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0294&#31;reute
+h f BC-LASER-PRECISION-CORP   03-02 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LASER PRECISION CORP &lt;LASR> 4TH QTR NET</TITLE>
+<DATELINE>    IRVINE, Calif., March 2 -
+    </DATELINE><BODY>Shr profit 14 cts vs profit two cts
+    Net profit 452,723 vs profit 50,581
+    Revs 5,065,543 vs 2,898,363
+    Year
+    Shr profit 45 cts vs loss 15 cts
+    Net profit 1,276,472 vs loss 340,081
+    Revs 16.0 mln vs 9,304,466
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13032" NEWID="849">
+<DATE> 2-MAR-1987 18:09:46.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0296&#31;reute
+r f BC-REXNORD-&lt;REX>-TO-REDE   03-02 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXNORD &lt;REX> TO REDEEM RIGHTS</TITLE>
+<DATELINE>    BROOKFIELD, Wis., March 2 - </DATELINE><BODY>Rexnord Inc said it will redeem
+all of its preferred stock purchase rights for 10 cts a right
+effective today.
+    Rexnord said the rights will be redeemed because it is
+expected its shares will be tendered under a January 30
+takeover offer from Banner Acquisition Corp. The rights trade
+in tandem with Rexnord's common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13033" NEWID="850">
+<DATE> 2-MAR-1987 18:10:58.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0298&#31;reute
+r f BC-CANTREX-UNIT-TO-MERGE   03-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANTREX UNIT TO MERGE WITH ONTARIO GROUP</TITLE>
+<DATELINE>    MONTREAL, March 2 - </DATELINE><BODY>(Groupe Cantrex Inc) said it plans to
+merge a new wholly-owned subsidiary a merger agreement with
+(CAP Appliance Purchasers Inc), of Woodstock, Ontario, a group
+of about 400 appliance and electronics retailers.
+    It said CAP shareholders will receive 140,700 first
+preferred Groupe Cantrex shares entitling the holders to
+receive 6.05 dlrs per share or the equivilant in class A
+subordinate voting Cantrex shares.
+    The merger is effective April one and is subject to
+shareholder approval.         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13034" NEWID="851">
+<DATE> 2-MAR-1987 18:13:51.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0304&#31;reute
+d f BC-BRINKMAN   03-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRM BOOSTS LDBRINKMAN &lt;DBC> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Two affiliated investment firms and
+the investment funds they control said they raised their
+combined stake in LDBrinkman Corp to 653,600 shares, or 10.9
+pct of the total outstanding from 585,600 shares, or 9.7 pct.
+    In a filing with the Securities and Exchange Commission,
+Fidelity International Ltd, a Bermuda-based firm, said its
+funds bought 68,000 LDBrinkman common shares between Jan 5 and
+Feb 19 at prices ranging from 5.30 to 5.445 dlrs a share.
+    Funds controlled by FMR Corp, a Boston-based investment
+firm affiliated with Fidelity, hold 251,100 shares, bringing
+the combined total to 653,600 shares, Fidelity said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13035" NEWID="852">
+<DATE> 2-MAR-1987 18:14:47.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0306&#31;reute
+d f BC-ITT'S-&lt;ITT>-HARTFORD   03-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT'S &lt;ITT> HARTFORD UNIT POSTS 4TH QTR GAIN</TITLE>
+<DATELINE>    HARTFORD, Conn., March 2 - </DATELINE><BODY>Hartford Insurance Group, a unit
+of New York-based ITT Corp, said higher worldwide premiums help
+boost net income for the 1986 fourth quarter to 88.6 mln dlrs,
+from net income of 36.7 mln dlrs for the 1985 quarter.
+   For the full year, Hartford said it earned 329 mln dlrs, up
+from 151.4 mln dlrs in 1985.
+    Hartford said results for the year were aided by a gain of
+46.5 mln dlrs on the sale of its remaining 52 pct stake in
+Abbey Life Group PLC. For 1985, the company posted a gain of
+14.3 mln dlrs on the sale of 48 pct of Abbey Life.
+    Hartford said total property-casualty and life-health
+written premiums rose 25 pct in 1986, to eight billion dlrs,
+from 6.4 billion dlrs in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13036" NEWID="853">
+<DATE> 2-MAR-1987 18:17:48.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0310&#31;reute
+r f BC-SEC-PROBES-1986-TRE-&lt;   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC PROBES 1986 TRE &lt;TRE> TAKEOVER ATTEMPT</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>The federal Securities and Exchange
+Commission (SEC) is looking for possible securities laws
+violations in connection with an unsuccessful 1986 bid by
+Hollywood producer Burt Sugarman to take over TRE Corp,
+attorneys contacted by SEC investigators said.
+    During the takeeover attempt, a unit of Sugarman's Giant
+Group Ltd at one point held a 9.9 pct stake in TRE.
+    It had help in that effort from Jefferies Group Inc, a Los
+Angeles investment banking firm which sold it an option on a
+portion of the shares Sugarman eventually acquired.
+    In addition, a company controlled by Sugarman raised 35 mln
+dlrs in a debt offering underwritten by Drexel Burnham Lambert
+Inc with help from Jefferies, and used a portion of the
+proceeds to buy TRE stock.
+    Finally, Reliance Group Holdings Inc acquired nearly six
+pct of TRE, according to an SEEC filing.
+    The attorneys, who asked not to be identified, said the SEC
+was investigating whether Sugarman and other firms with TRE
+holdings were working together without disclosing their
+cooperation, as would be required by the federal securities
+laws.
+    One attorney said SEC probers also were examining whether
+Sugarman and Drexel had made adequate disclosures of its
+intended usage of the proceeds in the prospectus for the 35 mln
+dlr bond offering.
+    A TRE spokesman confirmed that TRE, since December a unit
+of Aluminum Co of America, had been contacted by SEC
+investigators and was cooperating with the probe.
+    The spokesman added that TRE Chairman Leopold Wyler had
+been interviewed by the SEC probers.
+    A Jefferies spokesman said the SEC had asked for
+information a few months ago as part of an informal probe.
+    The spokesman said Jefferies had cooperated with the agency
+and had heard nothing more since that time.
+    "To the best of our knowledge, Jefferies is not the target
+of a formal SEC investigation" in connection with the TRE bid,
+he said.
+    A Drexel spokesman acknowledged that his firm had
+underwritten the debt offering for Sugarman but added:
+    "We had nothing to do with TRE."
+    As a matter of policy, the SEC routinely declines to
+comment on its enforcement activities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13037" NEWID="854">
+<DATE> 2-MAR-1987 18:18:59.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>volcker</D><D>sprinkel</D><D>howard-baker</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0311&#31;reute
+u f BC-REGAN-DEPARTURE-MAKES   03-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGAN DEPARTURE MAKES 3RD VOLCKER TERM LIKELY</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Last week's White House shake-up has
+increased the odds that Federal Reserve Board chairman Paul
+Volcker, a symbol of strength in a government reeling from the
+arms-to-Iran scandal, will serve a third term, sources close to
+the Fed say.
+    But they said that no decision on the appointment, which
+must be filled this August, has been taken by the White House
+and Volcker too has not made up his mind.
+    Former White House Chief of Staff Donald Regan, who
+resigned last week when ex-senator Howard Baker was named as
+his replacement, was implacably opposed to Volcker and tried
+often to undermine him.
+    It is an open secret in Washington that Regan tried to
+ensure that Volcker, first appointed in 1979 by President
+Carter, will not be offered a third term by President Reagan.
+    Only Volcker's key allies in the Reagan administration,
+Vice-President George Bush and Treasury Secretary James Baker,
+kept Regan's recent maneuvering at bay, the sources said.
+    Sources close to the administration say Regan leaked a
+story, quickly shot down by others in the administration, that
+Beryl Sprinkel, chairman of the council of economic advisers,
+had been chosen to replace Volcker.
+    But as the administration's credibility was increasingly
+under fire, it became clear that Regan's power to bring about
+such changes was on the wane.
+    The sources said New White House Chief of Staff Howard
+Baker has a very good relationship with his namesake at the
+Treasury Department and is likely to respect his views on the
+Fed chairmanship.
+    As a moderate Republican, Baker is also unlikely to share
+the right-wing's opposition to Volcker.
+    "This new White House is going to need all the strength it
+can get," said one source when asked about the possibility of
+Volcker's reappointment.
+    Paul Volcker is deeply respected in financial markets both
+in the United States and around the world. At a time when the
+stability of the dollar and the viability of major debtor
+nations are in question, Volcker's departure would definitely
+undermine U.S. leadership, foreign exchange analysts say.
+    U.S. officials say Volcker works very closely with Treasury
+Secretary Baker on issues like international debt and global
+economic cooperation.
+    The two men seem only to differ on how far to deregulate
+the banking industry, but recent statements by Volcker, in
+which he adopted a more liberal attitude on deregulation,
+signalled the politically-independent central bank is coming
+around at least partially to the Treasury position.
+    And a recent statement by a Reagan administration official
+that the two men saw "exactly eye-to-eye" on the dollar was seen
+as an indication of Baker's support for the Fed chairman.
+    Baker is understood to have played a key role in Volcker's
+reappointment to the Fed in mid-1983.
+    The sources said Baker respects Volcker and when appointed
+Treasury Secretary in February 1985, he decided to ensure a
+good working relationship, in part because he believed the two
+key government economic institutions have to work closely.
+    Regan, Treasury Secretary during President Reagan's first
+term, was formerly head of Wall Street's largest brokerage firm
+Merrill Lynch and came to Washington determined to be America's
+pre-eminent economic spokesman.
+    He developed a deep antipathy for Volcker, whose political
+skills undermined that ambition, and who financial markets took
+much more seriously.
+    But the sources said Volcker would have to be invited to
+stay. "Is the president going to ask him? he wouldn't stay
+otherwise," said one. "He'd have to be asked," said Stephen
+Axilrod, formerly staff director of monetary policy at the Fed
+and now vice-chairman of Nikko Securities Co. International.
+    Otherwise, the list of potential candidates is not
+awe-inspiring. And if Volcker left this Augsut, he would leave
+behind one of the most inexperienced Fed Boards in years.
+    Many analysts believe this lack of collective experience --
+the four sitting members were all appointed within the last
+three years -- is dangerous, coming at a time when the global
+economy is threatened by instability.
+    An experienced successor, therefore, would seem a
+necessity. One widely mentioned possibility is Secretary of
+State George Shultz, whose experience as Treasury Secretary
+under Preesident Nixon and background as a trained economist
+would make him ideal.
+    But Shultz too may have been damaged by the arms-to-Iran
+scandal, while vice-chairman Manuel Johnson is regarded at 37
+years old as too young for the job.
+    Other potential candidates include economist Alan
+Greenspan, frequently an informal presidential economic
+adviser, New York Fed President E. Gerald Corrigan, Federal
+Deposit Insurance Corp chairman William Seidman, and Sprinkel.
+    Long a Regan protege, Sprinkel's chances may be damaged by
+his patron's departure from the White House.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13038" NEWID="855">
+<DATE> 2-MAR-1987 18:20:38.72</DATE>
+<TOPICS><D>grain</D><D>oat</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0313&#31;reute
+d f BC-CBT-FEBRUARY-VOLUME-D   03-02 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT FEBRUARY VOLUME DOWN 14 PCT FROM YEAR AGO</TITLE>
+<DATELINE>    CHICAGO, March 2 - </DATELINE><BODY>February volume at the Chicago Board of
+Trade, CBT, declined 14 pct from the year-ago month to
+8,191,266 contracts, the exchange said.
+    A relatively steady interest rate climate reduced volume in
+the most active contract, Treasury bond futures, by 17.5 pct
+from a year ago to 4,307,645 contracts.
+    However, trading in most agricultural futures contracts
+increased last month, led by oats and corn futures.
+    Oats volume tripled to 27,662 contracts, and corn volume
+increased 35 pct to 580,204 contracts. Wheat and soybean oil
+futures activity also rose from a year ago, while soybean and
+soybean oil volume slipped, the exchange said.
+    Major Market Index futures increased activity 37 pct during
+the month with 194,697 contracts changing hands.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13039" NEWID="856">
+<DATE> 2-MAR-1987 18:27:52.15</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0318&#31;reute
+u f BC-USSR-WHEAT-BONUS-RUMO   03-02 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR WHEAT BONUS RUMORS PERSIST DESPITE DENIALS</TITLE>
+<DATELINE>    WASHINGTON, March 2 - </DATELINE><BODY>Grain trade representatives continued
+to speculate that the Reagan administration will offer
+subsidized wheat to the Soviet Union, while U.S. Agriculture
+Department officials said there was no substance to the
+reports.
+    "It's pure fiction," said one senior official at USDA's
+Foreign Agricultural Service, referring to the rumor that the
+administration would make an export enhancement offer to Moscow
+in the next two to three weeks.
+    An aide to Agriculture Secretary Richard Lyng who asked not
+to be identified said there was nothing to substantiate the
+speculation, which he said was started by "somebody fanning the
+(wheat) market." Wheat futures strengthened today, partly on the
+basis of the speculation.
+    One lobbyist with close connections to the Reagan
+administration said a Soviet trade team told private grain
+trade officials in New York last week that Moscow would buy as
+much as four mln tonnes of U.S. wheat, much of it before
+mid-year, if it was "competitively priced."
+    Alexander Ivlev, an official with Amtorg, a Soviet trading
+organization, told Reuters he had no information to
+substantiate the rumors of an imminent wheat subsidy offer, but
+said that Moscow "would consider" buying U.S. wheat if it was
+competitively priced.
+    "We don't care if it is EEP, what we (the Soviets) are
+looking for is competitive prices," Ivlev said. "If they (the
+administration) are interested in selling it (wheat), they
+should find ways to do it."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13040" NEWID="857">
+<DATE> 2-MAR-1987 18:34:25.39</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0322&#31;reute
+h f BC-CANADIAN-SEAFARERS-TH   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN SEAFARERS THREATEN STRIKE</TITLE>
+<DATELINE>    MONTREAL, March 2 - </DATELINE><BODY>Canadian seafarers are almost certain
+to go on strike this spring in a refusal to meet rollbacks in
+wages and benefits asked for by their employers, Seafarers'
+International Union official Roman Gralewicz said.
+    "It's 99.9 percent--I guarantee you a strike," Gralewicz
+said in an interview.
+    The union represents about 2,300 workers on the Great Lakes
+and Canada's East and West coasts. Contract talks broke off in
+January and a conciliator has been appointed to try to help
+settle the dispute. The current contract expires at the end of
+March.
+    The seafarers' employers are also asking for a reduction in
+crew levels, a move which the union said would cost about 400
+jobs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13041" NEWID="858">
+<DATE> 2-MAR-1987 18:34:32.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0323&#31;reute
+r f BC-REUTERS-&lt;RTRSY>-IN-RE   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS &lt;RTRSY> IN REAL ESTATE MARKET VENTURE</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Reuters Holdings PLC said its Reuters
+Information Services Inc unit will join &lt;Real Estate Financing
+Partnership>, Philadelphia, to offer an electronic market
+access system for commercial property financing.
+    Reuters said the system, named Real Estate Select View
+Program, or RSVP, will use its private communications network
+to provide a confidential method for the purchasing, selling
+and financing of commercial property.
+    The system, set for testing in August in selected U.S.
+cities, is expected to be operational 90 days after initial
+testing, Reuters said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13042" NEWID="859">
+<DATE> 2-MAR-1987 18:42:09.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0333&#31;reute
+r f BC-DALLAS-CORP-&lt;DLS>-4TH   03-02 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DALLAS CORP &lt;DLS> 4TH QTR LOSS</TITLE>
+<DATELINE>    DALLAS, March 2 - 
+    </DATELINE><BODY>Oper shr loss 22 cts vs profit 10 cts
+    Oper net loss 1,626,000 vs pofit 702,000
+    Revs 98.3 mln vs 105.1 mln
+    12 mths
+    Oper shr profit 18 cts vs profit 82 cts
+    Oper net profit 1,293,000 vs profit 5,940,000
+    Revs 396.2 mln vs 396.7 mln
+    Note: Oper net excludes loss from discontinued operations
+of 2,112,000 dlrs or 39 cts a share for year-ago qtr and
+2,036,000 dlrs or 1.10 dlrs a share for year-ago 12 mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13043" NEWID="860">
+<DATE> 2-MAR-1987 18:42:36.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0335&#31;reute
+r f BC-CONSTRUCTION-CONTRACT   03-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSTRUCTION CONTRACTING DOWN THREE PCT IN JAN</TITLE>
+<DATELINE>    NEW YORK, March 2 - </DATELINE><BODY>Contracting for future construction
+work declined by three pct in January to an annualized rate of
+236.1 billion dlrs, a report on the industry said.
+    The report by the F.W. Dodge Division of McGraw-Hill
+Information Systems Co said a 10 pct reversal of nonbuilding
+construction was largely responsible for the month's setback
+from December's higher level.
+    Residential building eased three pct in January, while
+contracts for commercial, industrial and institutional
+buildings rebounded slightly, according to the report.
+    Nonbuilding construction, which soared to an annualized
+rate of 47.8 billion dlrs in December when last year's only
+major electric power plant was started, fell back 10 pct to
+43.1 billion.
+    Dodge said contracting for highway and bridge construction
+advanced five pct in January. However, available funding for
+1987 construction could dry up if Congress fails to act after
+the Federal highway program runs out of carryover spending
+authority.
+    Nonresidential buildings edged up one pct in January to an
+annualized rate of 77.6 billion. Contracting for institutional
+structures, such as schools and health facilities, was the
+reason for the gain, the report said.
+    Residential building was valued at 115.4 billion dlrs in
+January, a decrease of three pct from December's seasonally
+adjusted rate, the report stated. However, demand will be
+strong for single-family units supported by falling mortgage
+rates, but multi-family buildings will not be in high demand as
+a result of the tax reform, according to the report.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13044" NEWID="861">
+<DATE> 2-MAR-1987 18:42:50.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0336&#31;reute
+r f BC-DILLARD-DEPARTMENT-ST   03-02 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DILLARD DEPARTMENT STORES INC &lt;DDS> 4TH QTR NET</TITLE>
+<DATELINE>    LITTLE ROCK, Ark., March 2 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr 1.16 dlrs vs 1.15 dlrs
+    Net 32.4 mln vs 33.5 mln
+    Revs 629.0 mln vs 538.6 mln
+    Avg shrs 32.1 mln vs 29.2 mln
+    12 mths
+    Shr 2.35 dlrs vs 2.29 dlrs
+    Net 74.5 mln vs 66.9 mln
+    Revs 1.85 billion vs 1.60 billion
+    Avg shrs 31.7 mln vs 29.2 mln
+    Note: Shr/avg shrs data show 2-for-1 split in Nov. 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13045" NEWID="862">
+<DATE> 2-MAR-1987 18:44:52.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>spain</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0344&#31;reute
+d f PM-COMMUNITY-FARM   03-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS BID TO SAVE DAIRY ACCORD</TITLE>
+<AUTHOR>    By Jonathan Clayton, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, March 3 - </DATELINE><BODY>European Community (EC) farm ministers
+were fighting hard early today to prevent a deal on cutting
+overflowing milk production from turning sour before trying to
+agree widescale reforms in other surplus sectors.
+    Meanwhile, protests from angry European farmers over
+successive attempts to scale down unwanted Community food
+production appeared to be gathering strength.
+    In the northeastern Spanish city of Saragossa thousands of
+Spanish farmers battled with police during a march to demand a
+better deal from Brussels.
+    The farmers traded stones for tear gas and rubber pellets
+and occupied local government buildings while in the southern
+city of Malaga, citrus growers dumped more 20 tonnes of lemons
+on the streets in protest at EC duties.
+    Towards the end of last week, about 10,000 angry West
+German farmers marched through the streets of Hanover burning
+effigies of Agriculture Minister Ignaz Kiechle while in France
+pig-farmers barricaded roads in protest at falling prices.
+    Europe's 12 mln farmers are furious over plans by the
+European Commission to cut subsidised prices and severely limit
+farmers' automatic right to sell unwanted food into public
+stores at high guaranteed EC prices.
+    In the toughest-ever proposals for the annual price review,
+at which EC ministers set the levels of subsidies, Agriculture
+Commissioner Frans Andriessen has included measures that could
+result in price cuts for some products of up to 11 pct.
+    The plans form part of an on-going campaign to reform
+surplus-creating farm policies that have become a political
+embarrassment at home and commercial flash-point abroad and
+threatened to leave the Community with no cash for other areas.
+    Andriessen's latest package comes only months after a
+decision to cut dairy production by 9.5 pct over two years and
+to slash beef prices by around 10 pct.
+    That decision, agreed in outline last December after
+virtually nine days of non-stop negotiations, was hailed as the
+most significant step yet in the reform offensive, but has
+since run into difficulties over the fine print.
+    West Germany and Ireland are objecting to the new rules
+governing the sales of surplus butter into cold stores, but the
+Commission is loathe to abandon its position as the accord has
+been used as the inspiration for Andriessen's latest package.
+    Ministers failed yesterday to overcome the problem, and
+resumed negotiations in a bid to finalise the details before
+starting the price review which is confidently predicted to
+last many months.
+    EC farm spending currently swallows two thirds of an
+overall annual budget of around 40 billion dlrs and is almost
+entirely blamed for a projected budget shortfall later this
+year of some 5.7 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13046" NEWID="863">
+<DATE> 2-MAR-1987 18:50:43.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0351&#31;reute
+r f BC-CALNY-INC-&lt;CLNY>-SUES   03-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALNY INC &lt;CLNY> SUES PEPSICO INC &lt;PEP></TITLE>
+<DATELINE>    SAN MATAO, Calif., March 2 - </DATELINE><BODY>Calny Inc said it has filed a
+multi-million-dlr suit against PepsiCo Inc and its La Petite
+Boulangerie unit.
+    Calny, which holds 15 La Petite Boulangerie franchises,
+alleges it and PepsiCo breached their agreements with Calny by
+failing to support the franchises in a number of ways.
+    The company further alleges that PepsiCo and La Petite
+Boulangerie had fiduciary responsibilities to Calny because of
+the longstanding relationship between Calny and Taco Bell, also
+a PepsiCo subsidiary. Calny operates 143 Taco Bell restaurants.
+    Calny said Pepsico misrepresented the readiness of the La
+Petite Boulangerie to expand outside San Francisco and
+misrepresented costs involved in operating the restaurants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13047" NEWID="864">
+<DATE> 2-MAR-1987 18:52:50.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0353&#31;reute
+r f BC-BRANIFF-&lt;BAIR>-FEBRUA   03-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRANIFF &lt;BAIR> FEBRUARY LOAD FACTOR UP SLIGHTLY</TITLE>
+<DATELINE>    DALLAS, March 2 - </DATELINE><BODY>Braniff Inc said its load factor, or
+precentage of seats filled, was 50.5 pct in February, up
+slightly from 50.2 pct for the same month last year.
+    Braniff said traffic for the month rose 44 pct, to 210.5
+mln revenue passenger miles, from 146.2 mln a year ago. A
+revenue passenger mile is one paying passenger flown one mile.
+    The airline said capacity for February was up 43.3 pct, to
+417.2 mln available seat miles, from 291.1 mln in 1986.
+    Year to date, it said load factor was 50.5 pct vs 48.3 pct,
+traffic was 436 mln revenue passenger miles vs 295.4 mln and
+capacity was 863.3 mln available seat miles vs 611.4 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13048" NEWID="865">
+<DATE> 2-MAR-1987 18:57:32.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0356&#31;reute
+s f BC-KENTUCKY-CENTRAL-LIFE   03-02 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENTUCKY CENTRAL LIFE &lt;KENCA> SETS PAYOUT</TITLE>
+<DATELINE>    LEXINGTON, Ky., March 2 - </DATELINE><BODY>Kentucky Central Life Insurance
+Co said it declared a semi-annual dividend of 55 cts per share,
+payable March 31 to shareholders or record March 19.
+    The dividend is equal to the company's previous semi-annual
+payout.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13049" NEWID="866">
+<DATE> 2-MAR-1987 18:57:42.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0357&#31;reute
+s f BC-BANK-OF-NEW-ENGLAND-C   03-02 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW ENGLAND CORP &lt;BKNE> QTLY DIVIDEND</TITLE>
+<DATELINE>    BOSTON, March 2 - 
+    </DATELINE><BODY>Qtly div 28 cts vs 28 cts prior
+    Pay April 20
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13050" NEWID="867">
+<DATE> 2-MAR-1987 19:34:18.74</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0369&#31;reute
+b f BC-JAPAN-UNEMPLOYMNENT-R   03-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN UNEMPLOYMNENT RISES TO RECORD IN JANUARY</TITLE>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>Japan's seasonally adjusted unemployment
+rate rose to a record 3.0 pct in January, the worst since the
+Government started compiling unemployment statistics under its
+current system in 1953, up from the previous record 2.9 pct in
+December, the government's Management and Coordination Agency
+said.
+    Unemployment was up from 2.8 pct a year earlier.
+    Unadjusted January unemployment totalled 1.82 mln people,
+up from 1.61 mln in December and 1.65 mln a year earlier.
+    Male unemployment in January remained at 2.9 pct, equal to
+the second-worst level set last December. Record male
+unemployement of 3.1 pct was set in July 1986.
+    Female unemployment in January remained at 3.0 pct, equal
+to the record level marked in April, August, September and
+December last year.
+    January's record 3.0 pct unemployment rate mainly stemmed
+from loss of jobs in manufacturing industries, particularly in
+export-related firms, due to the yen's continuing appreciation
+against the dollar, officials said.
+    Employment in manufacturing industries fell 380,000 from a
+year earlier to 14.30 mln including 1.83 mln employed in the
+textile industry, down 190,000 from a year earlier, and 1.06
+mln in transport industries such as carmakers and shipbuilders,
+down 170,000.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13051" NEWID="868">
+<DATE> 2-MAR-1987 20:02:01.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0375&#31;reute
+u f AM-FORD-EUROPE   03-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> EUROPE EARNINGS UP 71 PCT LAST YEAR</TITLE>
+<DATELINE>    GENEVA, March 3 - </DATELINE><BODY>Ford Europe's net earnings soared by 71
+per cent last year to 559 mln dlrs, Kenneth Whipple, chairman
+of Ford Europe, said.
+    Whipple, here to attend the Geneva Auto Show which opens on
+Thursday, said that the Ford Motor Co unit had sold a record
+1.5 million vehicles in Europe in 1986.
+    Net earnings were 326 mln dlrs in 1985.
+    Sales in 1986 represented 11.8 per cent of the European
+market share, Whipple said. Ford will invest 1.2 billion
+dollars in Europe in 1987, and a total of seven billion over
+the next seven years, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13052" NEWID="869">
+<DATE> 2-MAR-1987 21:05:26.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0392&#31;reute
+u f BC-REAGAN'S-CIA-MAN-WITH   03-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN'S CIA MAN WITHDRAWS, VICTIM OF IRAN SCANDAL</TITLE>
+<DATELINE>     WASHINGTON, March 2 - </DATELINE><BODY>President Reagan's nominee as
+director of the Central Intelligence Agency (CIA), Robert
+Gates, withdrew his name from consideration by the Senate in
+the face of a long battle for confirmation.
+    His withdrawal was announced at a White House news
+conference by Reagan's new Chief-of-Staff, Howard Baker, who
+said the President had accepted it with great regret.
+    Gates, now deputy head of the CIA, had been questioned
+about CIA involvement in the Iran-contra scandal and leading
+senators had warned his nomination was in trouble. Baker said
+Gates would remain as deputy director of the spy agency.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13053" NEWID="870">
+<DATE> 2-MAR-1987 21:16:12.44</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0397&#31;reute
+u f BC-SOUTH-KOREA'S-LEADING   03-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA'S LEADING INDICATORS FALL IN DECEMBER</TITLE>
+<DATELINE>    SEOUL, March 3 - </DATELINE><BODY>South Korea's index of leading indicators
+fell 0.1 pct to 164.1 (base 1980) in December after a 0.1 pct
+rise in November, representing a 16.1 pct year-on-year gain
+from December 1985, Economic Planning Board provisional figures
+show.
+    The index is based on 10 indicators which include export
+values, letters of credit received, warehouse stocks, M-1 and
+M-3 money supply figures and the composite stock exchange
+index.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13054" NEWID="871">
+<DATE> 2-MAR-1987 21:47:14.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE><D>deng-xiaoping</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0415&#31;reute
+u f BC-DENG-SAYS-CHINA'S-TRO   03-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENG SAYS CHINA'S TROUBLES OVER</TITLE>
+<DATELINE>    PEKING, March 3 - </DATELINE><BODY>Chinese leader Deng Xiaoping told
+visiting U.S. Secretary of State George Shultz China's recent
+troubles were over.
+    The two discussed Washington's scandal over U.S. Arms sales
+to Iran and China's political situation after the fall of
+Communist Party leader Hu Yaobang.
+    Deng said: "I know the President has had some difficulties
+but I think now it doesn't matter. When one is running a
+government one has to deal with troubles."
+    "As for the troubles we recently encountered, they are over,"
+Deng added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13055" NEWID="872">
+<DATE> 2-MAR-1987 23:22:41.68</DATE>
+<TOPICS><D>money-fx</D><D>yen</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0437&#31;reute
+u f BC-JAPANESE-ECONOMIST-SE   03-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE ECONOMIST SEES STABLE YEN/DOLLAR RATES</TITLE>
+<DATELINE>    KUALA LUMPUR, March 3 - </DATELINE><BODY>The yen should stabilize at around
+152 to 153 to the U.S. Dollar for about a year, the Bank of
+Tokyo's economic adviser Koei Narusawa said.
+    "Both sides are showing clear interest to secure stability
+of the currencies. The major target of the Japanese government
+is to maintain the yen at above 150, at least for the rest of
+the year," he told reporters during a brief visit to Malaysia.
+    Narusawa said the U.S. Is unlikely to push the yen up
+further because this might spark off inflation and depress the
+U.S. Economy before the 1988 presidential election.
+    The yen is trading at around 153.70 to the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13056" NEWID="873">
+<DATE> 2-MAR-1987 23:24:18.68</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0439&#31;reute
+b f BC-OPEC-WITHIN-OUTPUT-CE   03-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC WITHIN OUTPUT CEILING, SUBROTO SAYS</TITLE>
+<DATELINE>    JAKARTA, March 3 - </DATELINE><BODY>Opec remains within its agreed output
+ceiling of 15.8 mln barrels a day, and had expected current
+fluctuations in the spot market of one or two dlrs, Indonesian
+Energy Minister Subroto said.
+    He told reporters after meeting with President Suharto that
+present weakness in the spot oil market was the result of
+warmer weather in the U.S. And Europe which reduced demand for
+oil.
+    Prices had also been forced down because refineries were
+using up old stock, he said.
+    He denied that Opec was exceeding its agreed production
+ceiling. Asked what Opec's output level was now, he replied:
+"Below 15.8 (mln barrels per day)." He did not elaborate.
+    He said there appeared to have been some attempts to
+manipulate the market, but if all Opec members stick by the
+cartel's December pricing agreement it would get through
+present price difficulties.
+    He predicted that prices would recover again in the third
+and fourth quarters of 1987.
+    He also reiterated that there was no need for an emergency
+Opec meeting.
+    He said Opec had expected to see some fluctuations in the
+spot price. "We hope the weak price will be overcome, and
+predict the price will be better in the third and fourth
+quarters."
+    Refiners, he said, appeared to have used up old stock
+deliberately to cause slack demand in the market and the price
+to fall. But Opec would get through this period if members
+stuck together.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13057" NEWID="874">
+<DATE> 2-MAR-1987 23:25:47.85</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0441&#31;reute
+u f BC-OFFICIAL-INQUIRY-SET   03-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OFFICIAL INQUIRY SET FOR AUSTRALIAN WHEAT INDUSTRY</TITLE>
+<DATELINE>    CANBERRA, March 3 - </DATELINE><BODY>The government's industry aid and
+protection review body, the Industries Assistance Commission
+(IAC), will hold a 12-month inquiry into the Australian wheat
+industry, Primary Industry Minister John Kerin said.
+    The IAC has been asked to report on the need for assistance
+to the industry and the nature, duration and extent of any aid,
+he said in a statement.
+    He said the inquiry will be the first step in setting
+marketing arrangements to apply after June 30, 1989, when the
+underwriting and pricing provisions of the 1984 Wheat Marketing
+Act expire.
+    Kerin said the broad-ranging reference would allow a full
+examination of all aspects of the wheat-marketing system.
+    "The inquiry will be required to take into account changes
+which have taken place in the industry as a result of the
+agricultural policies of major wheat producing countries and
+the industry's capacity to adjust to any recommended changes,"
+he said.
+    "The inquiry is at an important time for the wheat industry,
+as the substantial fall in world prices is likely to trigger
+underwriting support from the government for the first time," he
+said.
+    Kerin was referring to the government's underwriting of the
+guaranteed minimum price paid to wheatgrowers by the Australian
+Wheat Board near the start of the season.
+    The IAC's report will be due at the same time as the
+findings of the current Royal Commission into Grain Storage,
+Handling and Transport, Kerin said.
+    He said the timing of the IAC inquiry would allow its
+findings and those of the Royal Commission to be considered in
+later negotiations on wheat-marketing arrangements between the
+federal and state governments and the industry.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13058" NEWID="875">
+<DATE> 2-MAR-1987 23:35:49.00</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>brazil</D><D>colombia</D></PLACES>
+<PEOPLE><D>dauster</D></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0450&#31;reute
+u f BC-COFFEE-TRADERS-EXPECT   03-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE TRADERS EXPECT SELLOFF AFTER ICO TALKS FAIL</TITLE>
+<AUTHOR>    By Lisa Vaughan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The failure of the International Coffee
+Organization (ICO) to reach agreement on coffee export quotas
+could trigger a massive selloff in London coffee futures of at
+least 100 stg per tonne today, coffee trade sources said.
+    Prices could easily drop to as low as 1.00 dlr or even 80
+cents a lb this year from around 1.25 dlrs now, they said.
+    A special meeting between importing and exporting countries
+ended in a deadlock late yesterday after eight days of talks
+over how to set the quotas. No further meeting to discuss
+quotas was set, delegates said.
+    Quotas, the major device used to stabilize prices under the
+International Coffee Agreement, were suspended a year ago after
+prices soared following a damaging drought in Brazil.
+    With no propects for quotas in sight, heavy producer
+selling initially and a price war among commercial coffee
+roasting companies will ensue, the trade sources predicted.
+    Lower prices are sure to trickle down to the supermarket
+shelf this spring, coffee dealers said.
+    The U.S. And Brazil, the largest coffee importer and
+exporter respectively, each laid the blame on the other for the
+breakdown of the talks.
+    Jon Rosenbaum, U.S. Assistant trade representative and
+delegate to the talks, said in a statement after the council
+adjourned, "A majority of producers, led by Brazil, were not
+prepared to negotiate a new distribution based on objective
+criteria.
+    "We want to insure that countries receive export quotas
+based on their ability to supply the market, instead of their
+political influence in the ICO."
+    Brazilian Coffee Institute (IBC) President Jorio Dauster
+countered, "Negotiations failed because consumers tried to
+dictate quotas, not negotiate them."
+    Previously, quotas were determined by historical amounts
+exported, which gave Brazil a 30 pct share of a global market
+of about 58 mln 60-kilo bags. A majority of producers wanted
+quotas to continue under this basic scheme.
+    But most consumers and a maverick group of eight producers
+proposed carving up the export market on the basis of
+exportable production and stocks, which would reduce Brazil's
+share to 28.8 pct.
+    Consumer delegates said this method would reflect changes
+in many countries' export capabilities and make coffee more
+readily available to consumers when they need it.
+    A last-minute attempt by Colombia, the second largest
+exporter, to rescue the talks with a compromise interim
+proposal could not bring the two sides together.
+    Delegates speculated Brazil's financial problems,
+illustrated by its recent suspension of interest payments on
+bank debt, have increased political pressure on the country to
+protect its coffee export earnings.
+    Developing coffee-producing countries that depend heavily
+on coffee earnings, particularly some African nations and
+Colombia, are likely to be hurt the most by the ICO's failure
+to agree quotas, analysts said.
+    The expected drop in prices could result in losses of as
+much as three billion dlrs in a year, producer delegates
+forecast.
+    The ICO executive board will meet March 31, but the full
+council is not due to meet again until September, delegates
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13059" NEWID="876">
+<DATE> 2-MAR-1987 23:41:52.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0462&#31;reute
+u f BC-EC-MINISTERS-POSTPONE   03-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS POSTPONE TALKS ON SAVING DAIRY PACT</TITLE>
+<DATELINE>    BRUSSELS, March 3 - </DATELINE><BODY>European Community (EC) farm ministers
+early today abandoned talks aimed at saving an agreement on
+cutting excessive milk production after making no progress in
+over 12 hours of negotiations.
+    The ministers will resume talks at 10.00 local time in a
+bid to clear the way for a full-scale review of proposed
+reforms for other surplus sectors.
+    Diplomats said member states were unable to settle
+differences over new rules limiting farmers' automatic right to
+sell unwanted butter at high guaranteed prices into EC cold
+stores. West Germany and Ireland are opposed to the steps.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16197" NEWID="877">
+<DATE> 3-MAR-1987 00:09:47.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0470&#31;reute
+u f BC-REAGAN-APPROVAL-RATIN   03-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN APPROVAL RATING FALLS TO FOUR-YEAR LOW</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>President Reagan's approval rating fell
+after the Tower Commission criticised his handling of the Iran
+arms scandal, a New York Times/CBS poll indicates.
+    The poll found 51 pct of those surveyed thought he was
+lying when he said he did not remember if he had approved the
+original arms sales to Iran and 35 pct thought he was telling
+the truth.
+    The poll found 42 pct of those surveyed approved Reagan's
+handling of his job and 46 pct disapproved. The approval rating
+was the lowest since January 1983, when 41 pct approved of the
+way Reagan was doing his job.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16198" NEWID="878">
+<DATE> 3-MAR-1987 00:14:40.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0473&#31;reute
+u f BC-EARTHQUAKES-CONTINUE   03-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EARTHQUAKES CONTINUE TO SHAKE NORTHERN NEW ZEALAND</TITLE>
+<DATELINE>    WELLINGTON, March 3 - </DATELINE><BODY>Earthquakes and aftershocks are still
+shaking areas of northern New Zealand following yesterday's
+strong tremor which left 3,000 people homeless.
+    Four earthquakes measuring up to 4.5 on the Richter scale
+have hit the Bay of Plenty and Waikato region in the north-east
+since midnight yesterday (1200 GMT).
+    No casualties have been reported and no further major
+damage, civil defence sources said. Twenty-five people were
+treated for bone fractures after yesterday's shock.
+    A government seismologist said from Rotorua in the North
+Island some five tremors were being recorded every 10 minutes.
+    Today's quakes were felt over an area of 100 square km, the
+seismologist added.
+    A state of civil defence emergency in the area was declared
+yesterday and is still in force, with schools closed and access
+to the worst-hit towns of Edgecumbe, Whakatane and the forestry
+town of Kawerau severely restricted.
+    Yesterday's quake measured 6.25 on the Richter scale.
+    The seismologist said if the pattern of other large
+earthquakes was followed the shocks would continue for one to
+several weeks, declining in frequency and magnitude. But the
+chance of a further large shock could not be ruled out.
+    Civil defence officials said major roadslips and landslides
+in the area are being cleared, with power and water restored to
+most areas. Rail lines twisted by earth movements are being
+repaired.
+    Prime Minister David Lange visited the region today before
+flying to Auckland to attend a South Pacific Forum conference
+of foreign ministers.
+    A small force of troops was moved into the area to assist
+civil defence workers and volunteers. Civil defence sources
+said people would shortly begin to return to their homes when
+the buildings are declared safe.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16199" NEWID="879">
+<DATE> 3-MAR-1987 00:18:24.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0479&#31;reute
+f f BC-CRA-Ltd-1986-net-prof   03-03 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CRA Ltd 1986 net profit 138.2 mln dlrs vs 87.8 mln
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16200" NEWID="880">
+<DATE> 3-MAR-1987 00:19:20.55</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0480&#31;reute
+u f BC-N.Z.-QUARTERLY-CURREN   03-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. QUARTERLY CURRENT ACCOUNT DEFICIT NARROWS</TITLE>
+<DATELINE>    WELLINGTON, March 3 - </DATELINE><BODY>New Zealand's current account deficit
+for the quarter ended December 31, 1986 narrowed to 567 mln
+dlrs from 738 mln, revised down from 742 mln, for the September
+quarter and from 733 mln a year earlier, the statistics
+department said.
+    The deficit for the year ended December narrowed to 2.75
+billion dlrs from 2.91 billion dlrs, revised down from 2.92
+billion, for the year ended September. The deficit for calendar
+1985 was 2.61 billion.
+    The December quarter showed a 182 mln dlr surplus for
+merchandise trade, unchanged from the September quarter surplus
+which was revised down from 271 mln dlrs. The 1985 December
+quarter showed a 13 mln dlr deficit.
+    Imports for the December 1986 quarter were 2.655 billion
+against 2.883 billion in the September quarter and 2.454 a year
+earlier. Exports were 2.837 billion against 3.065 billion and
+2.440 billion.
+    Imports for the year ended December 1986 were 10.74 billion
+dlrs compared with 11.14 billion in 1985. Exports were 11.20
+billion against 11.36 billion.
+    Government borrowing stood at 9.26 billion dlrs for
+calendar 1986 against 3.15 billion for 1985. Borrowing in the
+December quarter rose to 3.92 billion from 1.79 in the
+September quarter and 611 mln a year earlier.
+    Repayments stood at 5.5 billion for the year, up from 3.1
+billion in 1985. Repayments in the December quarter accounted
+for 1.4 billion dlrs against 260 mln in the September quarter
+and 334 mln a year earlier.
+    Official reserves totalled 7.205 billion dlrs at end
+December compared with 4.723 billion at end September and 3.255
+billion one year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16201" NEWID="881">
+<DATE> 3-MAR-1987 00:29:25.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0485&#31;reute
+u f BC-AMERICAN-AIRLINES-TO   03-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN AIRLINES TO ANNOUNCE BUYS, NEWSPAPER SAYS</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>&lt;American Airlines Inc> is expected to
+announce purchases from &lt;Airbus Industrie>, Boeing Co &lt;BA> and
+General Electric Co &lt;GE> amounting to 2.5 billion dlrs, the New
+York Times said.
+    The paper quoted unnamed industry sources as saying
+American will buy 25 wide-bodied planes from Airbus, 15
+wide-bodies from Boeing and 80 engines from GE. It said
+American split the order between Airbus and Boeing to get
+better prices and conditions.
+    It said the 80 CF6-80C2 engines are worth more than five
+mln dlrs each.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16202" NEWID="882">
+<DATE> 3-MAR-1987 00:34:48.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0488&#31;reute
+u f BC-TRANSAMERICA-SELLS-OC   03-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICA SELLS OCCIDENTAL LIFE AUSTRALIA</TITLE>
+<DATELINE>    MELBOURNE, March 3 - </DATELINE><BODY>Equity investment company &lt;Battery
+Group Ltd> said it had agreed to buy &lt;Occidental Life Insurance
+Co of Australia Ltd> from TransAmerica Corp &lt;TA> of the U.S.
+For 105 mln Australian dlrs.
+    The acquisition has been made possible by the efforts of
+its major shareholder, &lt;Pratt and Co Financial Services Pty
+Ltd>, Battery Group said in a statement.
+    The purchase will be partly funded by the issue of eight
+mln shares at 4.50 dlrs each and four mln free options to the
+Pratt Group, controlled by entrepreneur Dick Pratt, plus four
+mln shares to professional investors at 4.50 each, it said.
+    The balance will be funded by debt, Battery Group said.
+    The acquisition is subject to the approval of its
+shareholders.
+    On completion of the share placements, Pratt Group will
+effectively have 51 pct of Battery's enlarged capital, assuming
+exercise of all options, it said. Battery now has 22 mln shares
+on issue.
+    Battery said Occidental Life is a major underwriter of
+individual term life insurance and a recent but fast-growing
+entrant in the individual account superannuation market.
+    It has some 200 mln dlrs in funds under management.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16203" NEWID="883">
+<DATE> 3-MAR-1987 00:39:36.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0493&#31;reute
+b f BC-CRA-LTD-&lt;CRAA.S>-1986   03-03 0015</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRA LTD &lt;CRAA.S> 1986 NET</TITLE>
+<DATELINE>    MELBOURNE, March 3 -
+    </DATELINE><BODY>Net 138.20 mln dlrs vs 87.80 mln.
+    Shr 24.8 cents vs 17.8
+    Final div to announced after July 1, vs final 10 cents
+making 15.
+    Sales revenue 4.81 billion vs 4.69 billion
+    Investment income 116.93 mln vs 60.61 mln
+    Shrs 494.35 mln vs 494.22 mln.
+    NOTE - Net is after tax 171.03 mln dlrs vs 188.52 mln,
+interest 337.39 mln vs 308.68 mln, depreciation 352.32 mln vs
+333.05 mln but before net extraordinary loss 250.28 mln vs
+profit 28.03 mln.
+ REUTER
+
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16204" NEWID="884">
+<DATE>  3-MAR-1987 00:43:42.82</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0501&#31;reute
+u f BC-MALAYSIA-RE-IMPOSES-E   03-03 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA RE-IMPOSES EXPORT DUTIES ON RUBBER</TITLE>
+<DATELINE>    KUALA LUMPUR, March 3 - </DATELINE><BODY>The Malaysian government said it
+has re-imposed export duties on rubber at 3/8 cent per kilo
+after the gazetted price moved above the threshold price of 210
+cents per kilo.
+    The gazetted price, effective March 1, rose to 213-1/2
+cents per kilo from February's 207.
+    The duty for research remains at 3.85 cents per kilo and
+the replanting duty is also unchanged at 9.92 cents.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16205" NEWID="885">
+<DATE> 3-MAR-1987 00:44:53.30</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0502&#31;reute
+u f BC-MALAYSIA-RAISES-DUTY   03-03 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA RAISES DUTY ON PROCESSED PALM OIL</TITLE>
+<DATELINE>    KUALA LUMPUR, March 3 - </DATELINE><BODY>The government said it raised the
+export duty on processed palm oil (PPO) to 64.06 ringgit per
+tonne from 40.96 ringgit, effective from March 1.
+    Export duty on crude palm oil (CPO) was unchanged at 16.06
+ringgit per tonne.
+    The gazetted price of PPO rose to 796.8604 ringgit per
+tonne from 719.8286. That of CPO remained at 617.8238 ringgit.
+    The export duty and gazetted price of palm kernel were left
+unchanged at 191.15 and 955.75 ringgit per tonne respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16206" NEWID="886">
+<DATE> 3-MAR-1987 01:01:50.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0507&#31;reute
+f f BC-comalco-ltd-1986-net   03-03 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>comalco ltd 1986 net profit 57.1 mln dlrs vs loss 69.1 mln
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16207" NEWID="887">
+<DATE> 3-MAR-1987 01:12:37.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0511&#31;reute
+b f BC-COMALCO-LTD-&lt;CMAC.S>   03-03 0017</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMALCO LTD &lt;CMAC.S> 1986 NET</TITLE>
+<DATELINE>    MELBOURNE, March 3 -
+    </DATELINE><BODY>Net profit 57.1 mln dlrs vs loss 69.1 mln.
+    Net is equity accounted
+    Pre-equity accounted net 39.90 mln dlrs vs loss 49.11 mln
+    Pre-equity shr profit 7.1 cents vs loss 8.7
+    Final div to be announced after July 1 vs first and final
+1.0 cent.
+    Sales 1.88 billion vs 1.78 billion
+    Other income 52.75 mln vs 15.22 mln
+    Shrs 560.61 mln vs same.
+    NOTE - Net is after tax paid 46.85 mln dlrs vs credit 5.02
+mln, interest 127.68 mln vs 117.19 mln, depreciation 109.29 mln
+vs 100.73 mln and minorities 1.50 mln vs loss 331,000.
+    But net is before net extraordinary loss 140.5 mln vs nil.
+Extraordinaries comprise exchange losses 102.9 mln, provision
+for Goldendale smelter closure costs 27.3 mln and increase in
+future tax provision 10.3 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16208" NEWID="888">
+<DATE> 3-MAR-1987 01:16:45.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0514&#31;reute
+u f BC-JAPANESE-DEMAND-FOR-U   03-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE DEMAND FOR U.K. GILTS SEEN RISING</TITLE>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>Japanese investor interest in British
+gilt-edged securities is growing rapidly due to expectations
+sterling will remain stable despite the drop in oil prices, and
+on calculations gilt prices will firm, bond managers said.
+    Japanese, British and U.S. Securities houses have been
+expanding inventories of gilts to meet demand from investors
+seeking capital gains, including city and trust banks, which
+have been active on the U.S. Treasury market, they said.
+    Dealing demand for gilts with coupons around 10 pct has
+been getting stronger, the general manager of the local office
+of a British securities firm said.
+    On the other hand, major long-term investors such as
+Japanese insurance companies are not very enthusiastic about
+buying British securities ahead of the March 31 close of the
+Japanese financial year, traders said.
+    These investors, who must convert yen into sterling through
+dollars for British securities purchases, appear to be buying
+in London rather than in Tokyo, a bond manager for a British
+securities house said.
+    The sterling/yen rate was about 240.34/44 today, up from
+234.50 at the start of the calendar year and a narrow range of
+230 to 234 late last year.
+    Many bond traders in Tokyo are doubtful that sterling will
+further appreciate steeply. However, gilts may benefit from
+further declines in U.K. Interest rates, they said.
+    "The U.K. Government is in no hurry to issue more bonds,
+suggesting further market improvement and continuing demand
+from brokers here," said Laurie Milbank and Co assistant manager
+Machiko Suzuki.
+    She said she expected the yield on the actively traded
+11-3/4 pct gilt due March 2007 to dip below 9.5 pct, against
+9.581 pct at yesterday's close in London.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16209" NEWID="889">
+<DATE> 3-MAR-1987 01:39:16.42</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0520&#31;reute
+u f BC-JAPAN'S-UNEMPLOYMENT   03-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S UNEMPLOYMENT RATE SEEN RISING TO 3.5 PCT</TITLE>
+<AUTHOR>    By Jeff Stearns, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>Japan's unemployment rate is expected to
+continue to climb to about 3.5 pct within the next year from
+January's three pct record, senior economists, including Susumu
+Taketomi of Industrial Bank of Japan, said.
+    December's 2.9 pct was the previous worst level since the
+government's Management and Coordination Agency began compiling
+statistics under its current system in 1953.
+    "There is a general fear that we will become a country with
+high unemployment," said Takashi Kiuchi, senior economist for
+the Long-Term Credit Bank of Japan Ltd.
+    The government, which published the January unemployment
+figures today, did not make any predictions.
+    "At present we do not have a forecast for the unemployment
+rate this year, but it is difficult to foresee the situation
+improving," a Labour Ministry official said.
+    Finance Minister Kiichi Miyazawa said the government had
+expected the increase and had set aside money to help 300,000
+people find jobs in fiscal 1987 beginning in April.
+    Prime Minister Yasuhiro Nakasone told a press conference
+the record rate underlines the need to pass the 1987 budget
+which has been held up by opposition to proposed tax reforms.
+    The yen's surge has caused layoffs in the mainstay steel
+and shipbuilding industries. Other export-dependent industries,
+such as cars and textiles, have laid off part-time employees
+and ceased hiring, economists said.
+    Although the growing service industry sector has absorbed a
+great number of workers the trend is starting to slow down,
+said Koichi Tsukihara, Deputy General Manager of Sumitomo Bank
+Ltd's economics department.
+    However, other economists disagreed, saying the service
+sector would be able to hire workers no longer needed by the
+manufacturing sector over the next five years.
+    The economists said the service sector should grow as the
+government stimulates domestic demand under its program to
+transform the economy away from exports.
+    Although Japanese unemployment rates appear lower than
+those of other industrialised nations, methods for calculating
+statistics make them difficult to compare, economists warned.
+    "The three pct figure  could translate into a relatively
+high figure if European methods were used," one economist said.
+More than half of January's 170,000 increase in jobless from a
+year earlier were those aged between 15 and 24, Sumitomo's
+Tsukihara said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16210" NEWID="890">
+<DATE> 3-MAR-1987 02:01:21.60</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0533&#31;reute
+u f BC-SOUTH-KOREAN-TRADE-SU   03-03 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREAN TRADE SURPLUS NARROWS IN FEBRUARY</TITLE>
+<DATELINE>    SEOUL, March 3 - </DATELINE><BODY>South Korea's customs-cleared trade
+surplus narrowed to 110 mln dlrs in February from 525 mln in
+January, provisional trade ministry figures show.
+    In February 1986 there was a deficit of 264 mln dlrs.
+    February exports rose to 2.87 billion dlrs, fob, from 2.83
+billion in January and 2.30 billion in February 1986. CIF
+imports were 2.76 billion against 2.31 billion in January and
+2.57 billion in February last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16211" NEWID="891">
+<DATE> 3-MAR-1987 02:26:44.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0559&#31;reute
+r f BC-TAIWAN-REJECTS-TEXTIL   03-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN REJECTS TEXTILE MAKER PLEA ON EXCHANGE RATE</TITLE>
+<DATELINE>    TAIPEI, March 3 - </DATELINE><BODY>Central bank governor Chang Chi-cheng
+rejected a request by textile makers to halt the rise of the
+Taiwan dollar against the U.S. Dollar to stop them losing
+orders to South Korea, Hong Kong and Singapore, a spokesman for
+the Taiwan Textile Federation said.
+    He quoted Chang as telling representatives of 19 textile
+associations last Saturday the government could not fix the
+Taiwan dollar exchange rate at 35 to one U.S. Dollar due to
+U.S. Pressure for an appreciation of the local currency.
+    The Federation asked the government on February 19 to hold
+the exchange rate at that level.
+    The federation said in its request that many local textile
+exporters were operating without profit and would go out of
+business if the rate continued to fall.
+    It said the Taiwan dollar has risen almost 14 pct against
+the U.S. Dollar since September 1985 while the South Korean won
+climbed only four pct. The Singapore and Hong Kong dollars
+remained stable against the U.S. Unit in that period, it said.
+    Many local bankers and economists predict Taiwan's dollar
+will rise to between 32 and 33 per U.S. Dollar by year-end.
+    Chang was quoted as saying this would depend on Taiwan's
+ability to reduce its trade surplus with the U.S. This year.
+    The surplus widened to a record 13.6 billion U.S. Dlrs in
+calendar 1986 from 10.2 billion in 1985, official figures show.
+    Taiwan's textile exports fell by almost four pct in January
+to 562 mln U.S. Dlrs from 583 mln in January 1986, the same
+figures show.
+    Textiles are Taiwan's second-largest export earner, after
+electrical and electronic products.
+    Textile exports surged to 7.8 billion U.S. Dlrs last year
+from 6.2 billion in 1985. Exports to the U.S. Last year were
+worth 2.8 billion U.S. Dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16212" NEWID="892">
+<DATE> 3-MAR-1987 02:54:05.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>egypt</D><D>libya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0571&#31;reute
+u f BC-EGYPT-ALLOWS-FUGITIVE   03-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT ALLOWS FUGITIVE LIBYANS STAY</TITLE>
+<DATELINE>    CAIRO, March 3 - </DATELINE><BODY>Egypt allowed five fugitive Libyan
+soldiers who landed in a military plane in the far south of the
+country last night to stay and flew them to Cairo, official
+sources said.
+    It appeared the government had agreed to demands by the
+five -- two officers and three privates -- for political asylum
+but there was no immediate announcement.
+    Official sources said Egyptian servicemen flew the Libyans
+north from Abu Simbel in their C-130 transport plane. The
+status of the sixth Libyan on board, the pilot, was not
+immediately known.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16213" NEWID="893">
+<DATE> 3-MAR-1987 03:08:08.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0578&#31;reute
+u f BC-U.S.-ASKS-JAPAN-TO-EN   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ASKS JAPAN TO END AGRICULTURE IMPORT CONTROLS</TITLE>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>The U.S. Wants Japan to eliminate import
+controls on agricultural products within three years, visiting
+U.S. Under-Secretary of State for Economic Affairs Allen Wallis
+told Eishiro Saito, Chairman of the Federation of Economic
+Organisations (Keidanren), a spokesman for Keidanren said.
+    The spokesman quoted Wallis as saying drastic measures
+would be needed to stave off protectionist legislation by
+Congress.
+    Wallis, who is attending a sub-cabinet-level bilateral
+trade meeting, made the remark yesterday in talks with Saito.
+    Wallis was quoted as saying the Reagan Administration wants
+Japanese cooperation so the White House can ensure any U.S.
+Trade bill is a moderate one, rather than containing
+retaliatory measures or antagonising any particular country.
+    He was also quoted as saying the U.S. Would be pleased were
+Japan to halve restrictions on agricultural imports within five
+years if the country cannot cope with abolition within three,
+the spokesman said.
+    Japan currently restricts imports of 22 agricultural
+products. A ban on rice imports triggered recent U.S.
+Complaints about Japan's agricultural policy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16214" NEWID="894">
+<DATE> 3-MAR-1987 03:24:56.23</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0604&#31;reute
+u f BC-JAPAN-MOVES-TO-TIGHTE   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MOVES TO TIGHTEN CHIP-EXPORT CURBS</TITLE>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>The Ministry of International Trade and
+Industry (MITI) acted to tighten restrictions on microchip
+exports to countries other than the U.S. To preserve a
+U.S.-Japan pact on semiconductor trade, but major Japanese
+chipmakers doubt its usefulness.
+    A MITI spokesman said his ministry had asked chipmakers to
+issue certificates to specified trading houses stating they are
+authorised exporters.
+    Trading houses applying for a MITI export licence will be
+required to show such a certificate, but those without it will
+not automatically be denied licences, he said.
+    But some industry officials predicted any government
+measures were likely to have limited effect as long as the
+world semiconductor market remained weak.
+    U.S. Government and industry officials have complained
+repeatedly that Japanese chipmakers continue to sell at below
+cost to third countries despite the July agreement.
+    Japanese firms and officials in turn argue the flow of
+cheap chips to third countries is due to grey-market sales by
+third-party brokers, who seek to profit from the gap between
+low prices in Japan and higher prices based on production costs
+and set for Japanese makers under the agreement.
+    The MITI spokesman said, "If the percentage of grey market
+is increasing for one specific company, it suggests they are
+distributing their products through their sales network knowing
+they will be exported by some means. In that case we will ask
+them what they are doing to reduce the figure."
+    MITI earlier asked makers to cut output of certain chips by
+10 pct in first-quarter 1987, spokesmen for the firms said.
+    But they doubt the usefulness of the latest move. "As long
+as there is a gap between prices set under the pact and market
+prices, there will be people who want to exploit the gap to
+make money," a Hitachi Ltd &lt;HIT.T> spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16215" NEWID="895">
+<DATE> 3-MAR-1987 03:27:02.80</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0610&#31;reute
+r f BC-FINNISH-UNEMPLOYMENT   03-03 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH UNEMPLOYMENT AT 6.7 PCT IN DECEMBER</TITLE>
+<DATELINE>    HELSINKI, March 3 - </DATELINE><BODY>Finnish unemployment was 6.7 pct in
+December last year compared with 6.8 pct in November and 6.1
+pct in December 1985, the Central Statistical Office said.
+    It said 173,000 people were unemployed in December 1986,
+174,000 in November and 157,000 in December 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16216" NEWID="896">
+<DATE> 3-MAR-1987 03:42:10.69</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0627&#31;reute
+u f BC-BANKERS-SEE-SHARP-RIS   03-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS SEE SHARP RISE IN THAI FOREIGN RESERVES</TITLE>
+<DATELINE>    BANGKOK, March 3 - </DATELINE><BODY>Thailand's improving economy will likely
+cause foreign reserves to increase to at least five billion
+dlrs by end-1987 from a record of nearly 4.2 billion at
+end-February, private bankers said.
+    Bank of Thailand statistics show foreign reserves rose to
+3.95 billion at end-January from 3.03 billion a year earlier.
+    Nimit Nonthapanthawat, chief economist at the &lt;Bangkok Bank
+Ltd>, said Thailand's strong export performance, its relatively
+high interest rates, foreign participation in its stock market,
+and growing foreign investment, especially from Japan,
+contributed to the projected sharp rise.
+    Thai exports rose 19.4 pct in 1986 and are expected to
+expand another 15 pct this year, bankers said.
+    A U.S. Embassy report said last month Thailand could
+achieve five pct real gross domestic product growth in 1987, up
+from a projection of 3.8 pct for 1986 and 3.7 pct in 1985.
+    Nonthapanthawat said if economic growth continues at its
+current pace and oil prices and major currencies remain stable
+the five billion 1987 reserves target can easily be reached.
+    Thailand calculates foreign reserves to include gold,
+special drawing rights and convertible currencies. The target
+is equivalent to five-and-a-half months' worth of imports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16217" NEWID="897">
+<DATE> 3-MAR-1987 03:54:01.72</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0641&#31;reute
+u f BC-SWEDEN-HAS-CURRENT-PA   03-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN HAS CURRENT PAYMENTS SURPLUS IN 1986</TITLE>
+<DATELINE>    STOCKHOLM, March 3 - </DATELINE><BODY>Sweden had a 1986 current balance of
+payments surplus of 7.6 billion crowns compared with a deficit
+of 10.1 billion the preceding year, according to preliminary
+figures from the central bank.
+    The December current account had a 100 mln crowns deficit
+against a yearago 200 mln deficit.December trade balance was
+2.3 billion surplus against yearago two billion.
+    The trade balance showed a 1986 surplus of 33.2 billion
+crowns compared with a 15.8 billion surplus in 1985, the bank
+said .
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16218" NEWID="898">
+<DATE> 3-MAR-1987 03:54:11.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0642&#31;reute
+u f BC-NEUTRAL-BUDGET-EXPECT   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEUTRAL BUDGET EXPECTED IN SINGAPORE</TITLE>
+<DATELINE>    SINGAPORE, March 3 - </DATELINE><BODY>Singapore's Finance Minister Richard
+Hu is expected to announce a neutral budget tomorrow with no
+major tax changes for the 1987/88 year starting April 1,
+bankers and economists told Reuters.
+    They said with real growth at an estimated 1.9 pct in
+calendar 1986, indicating signs of recovery from the 1.7 pct
+shrinkage in 1985, the government was likely to hold its course
+and wait for measures introduced in last year's budget to work.
+    Last March Hu cut corporation tax to 33 pct from 40 pct,
+and income tax was reduced by the same margin.
+    Last year the government also reduced wage costs by
+introducing a wage freeze and cutting employer contributions to
+the mandatory state savings scheme, the Central Provident Fund
+(CPF), to 15 pct of salaries from 25 pct.
+    "I don't foresee any new or additional stimulus because the
+economy is now improving," said Clemente Escano, vice president
+of the Union Bank of Switzerland.
+    The government's economic report for calendar 1986, issued
+last week, said the CPF reduction and other cost-cutting
+measures only started to bite in the third quarter of 1986.
+    But the report said over half the economy -- especially the
+commerce, financial, and business services sectors -- continued
+to be depressed by weakness in the surrounding regional
+economies and an excess of domestic property.
+    The sources said the fragility of the economic recovery
+suggested the government would not introduce much of its
+planned consumption tax in the coming financial year.
+    In last year's budget Hu said he planned to set up
+collecting machinery for the tax. Economists said a campaign
+against smoking this year might be the opportunity for him to
+levy the tax on tobacco as a first step towards its wider use.
+    The sources said the government does not look likely to
+raise more revenue in this year's budget.
+    Last year's budget projected a 3.22 billion dlr budget
+deficit for fiscal 1986/87, but the economic report projected
+an overall calendar 1986 surplus of three billion.
+    Lower tax revenue was balanced by rising investment income
+and stringent controls on government operating expenditure,
+helped by the wage-freeze policy.
+    Anthony K.P. Lee, vice-president and deputy general manager
+of American Express Bank Ltd, said he expected nothing exciting
+from this year's budget.
+    Lee said, "It will probably be a non-event as most of the
+tax benefits were given last year. The economy has already
+started moving so it does not need government support."
+    Last week's economic report attributed the one pct decline
+in domestic demand last year mainly to a sharp decline in
+private construction, so this sector hopes for some relief from
+the budget, economists said.
+    The economic report said the sector's activity declined by
+25.3 pct in calendar 1986 after a 13.9 pct contraction in 1985.
+A further decline is expected in 1987.
+    But in last year's budget a 30 pct rebate on tax for
+industrial and commercial properties was raised to 50 pct until
+the end of 1988, so the most Hu is likely to do is add
+incentives for creating property investment unit trusts.
+    The only measures known to be in tomorrow's budget are
+incentives to encourage population growth, including incentives
+to families who have three children.
+    Deputy Prime Minister Goh Chok Tong has already announced
+the government will try to encourage three-child families,
+instead of the two-child families it encourages now.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16219" NEWID="899">
+<DATE> 3-MAR-1987 03:54:55.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0644&#31;reute
+u f BC-FISONS-PLC-&lt;FISN.L>-Y   03-03 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FISONS PLC &lt;FISN.L> YEAR TO END-1986</TITLE>
+<DATELINE>    LONDON, March 3 -
+    </DATELINE><BODY>Shr 27.5p vs 24.3p
+    Div 3.95p vs 3.34p making 6.5p vs 5.5p
+    Pre-tax profit 85.1 mln stg vs 72.3 mln
+    Turnover 702.6 mln vs 646.7 mln
+    Tax 18.4 mln vs 15.2 mln
+    Finance charges 4.1 mln vs 5.4 mln
+    Minority interest 0.1 mln vs 0.5 mln
+    Extraordinary debit, being closure and restructuring costs
+4.9 mln vs 3.7 mln
+    Operating profit includes -
+    Pharmaceutical 49.8 mln vs 39.0 mln
+    Scientific equipment 23.2 mln vs 19.2 mln
+    Horticulture 8.0 mln vs 8.7 mln
+    Note - company said it plans one-for-one capitalisation
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16220" NEWID="900">
+<DATE> 3-MAR-1987 04:05:02.28</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0658&#31;reute
+f f BC-MAJOR-SWISS-BANKS-RAI   03-03 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO THREE PCT - CREDIT SUISSE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16221" NEWID="901">
+<DATE> 3-MAR-1987 04:08:17.96</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0665&#31;reute
+f f BC-CORRECTED---MAJOR-SWI   03-03 0018</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> CORRECTED - MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO 3-1/4 PCT - CREDIT SUISSE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16222" NEWID="902">
+<DATE> 3-MAR-1987 04:12:32.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0668&#31;reute
+u f BC-FISONS-SEES-STRONG-IN   03-03 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FISONS SEES STRONG INTERNATIONAL GROWTH IN 1986</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Fisons Plc &lt;FISN.L> said strong
+international growth had been the main feature of the group's
+1986 progress, with the pharmaceutical division reporting a 50
+pct increase in U.S. Sales during the period.
+    The rise was due to a sustained marketing programme, a
+larger sales force and the introduction of an aerosol form of
+its Intal anti-asthma drug, which pushed U.S. Sales up 70 pct.
+    The company was commenting on 1986 results which saw
+pre-tax profits rising to 85.1 mln stg from 72.3 mln in 1985.
+The result was in line with market forecasts, but its shares
+nevertheless eased in a falling market to 634p at 0857 GMT from
+643p.
+    Fisons said the potential for future growth of Intral, as
+well as its Opticrom and Nasalcrom products, was clearly
+indicated by a strong 1986 performance.
+    The scientific equipment business had raised the proportion
+of high technology products it manufactures and also raised its
+ability to generate higher margins. The horticulture operations
+had demonstrated outstanding marketing ability. Underlying cash
+flow from all three operations had been positive despite a full
+programme of capital investment.
+    Action to protect the group against foreign currency
+movements resulted in a small net gain to profits.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16223" NEWID="903">
+<DATE> 3-MAR-1987 04:15:16.50</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0673&#31;reute
+u f BC-PHILIPPINE-PLANNING-C   03-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE PLANNING CHIEF URGES PESO DEVALUATION</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 3 - </DATELINE><BODY>The Philippines must devalue the peso if
+it wants its exports to remain competitive, Economic Planning
+Secretary Solita Monsod told Reuters.
+    "The peso/dollar rate has to be undercut to make our exports
+more competitive," Monsod said an interview. "No question about
+it. I'm saying you cannot argue with success. Taiwan, South
+Korea, West Germany, Japan, all those miracle economies
+deliberately undervalued their currencies."
+    The peso has been free-floating since June 1984. It is
+currently at about 20.50 to the U.S. Dollar.
+    Finance Secretary Jaime Ongpin has said the government does
+not intend to devalue the peso and wants it to be flexible and
+able to continue to respond to market conditions.
+    Monsod said Ongpin was looking at the exchange rate from
+the point of view of finance. "If the dollar rate goes higher,
+our debt service in terms of pesos gets higher, so the
+financing is very difficult," she said. "But I am looking at it
+in terms of the economy."
+    She said she was not trying to oppose official policy.
+    "I'm just saying, keep it competitive. I do not want it to
+become uncompetitive because then we are dead."
+    Monsod said, "The ideal movement in the peso/dollar rate is
+a movement that will reflect differences in inflation (rates)
+of the Philippines versus the other country. It's an arithmetic
+thing."
+    Official figures show Philippine inflation averaged 0.8 pct
+in calendar 1986. Ongpin told reporters on Saturday it was
+expected to touch five pct this year.
+    He said the government and the International Monetary Fund
+had set the peso/dollar 1987 target rate at 20.80.
+    The peso lost 22.2 pct in value to slump to 18.002 to the
+dollar when it was floated in 1984.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16224" NEWID="904">
+<DATE> 3-MAR-1987 04:22:16.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0682&#31;reute
+u f BC-U.K.-CLEARS-CONS-GOLD   03-03 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. CLEARS CONS GOLD U.S. PURCHASE</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The U.K. Trade Department said it would
+not refer Consolidated Goldfields Plc's &lt;CGLD.L> purchase of
+&lt;American Aggregates Corp> to the Monopolies Commission.
+    Cons Gold said last month that its &lt;ARC America Corp> unit
+had agreed to buy the Ohio-based company for 30.625 dlrs a
+share cash, or 242 mln dlrs, in a deal recommended by the
+Aggregates board.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16225" NEWID="905">
+<DATE> 3-MAR-1987 04:23:44.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0685&#31;reute
+b f BC-NEDERLANDSE-GASUNIE-I   03-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEDERLANDSE GASUNIE ISSUES 100 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>NV Nederlandse Gasunie is issuing a 100
+mln dlr eurobond due April 15, 1992 paying 7-1/4 pct and priced
+at 101-1/8 pct, lead manager Citicorp Investment Bank Ltd said.
+    The non-callable bond is available in denominations of
+5,000 dlrs and will be listed in Luxembourg. The selling
+concession is 1-1/4 pct, while management and underwriting
+combined pays 5/8 pct.
+    The payment date is April 15.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16226" NEWID="906">
+<DATE> 3-MAR-1987 04:35:28.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0696&#31;reute
+b f BC-SAAB-SCANIA-ISSUES-15   03-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAAB-SCANIA ISSUES 150 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Saab-Scania AB is issuing a 150 mln dlr
+eurobond due April 2, 1992 paying 7-3/4 pct and priced at
+101-3/4 pct, lead manager Morgan Guaranty Ltd said.
+    The bond is available in denominations of 5,000 and 50,000
+dlrs and will be listed in London. Payment date is April 2,
+1992.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct
+management and underwriting combined, and listing will be in
+London.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16227" NEWID="907">
+<DATE> 3-MAR-1987 04:40:42.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0705&#31;reute
+b f BC-MERRILL-MANDATED-FOR   03-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL MANDATED FOR IEL U.S. NOTE.</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Merrill Lynch Capital Markets said it
+received a mandate from Industrial Equity Ltd (IEL) of
+Australia to arrange a letter of credit facility in support of
+100 mln dlrs of medium term notes and U.S. Commercial paper to
+be sold in the U.S. Domestic market.
+    Merrill, which will be the dealer for the medium term notes
+and commercial paper, said this was the first facility of its
+kind.  Sumitomo Trust and Banking Co Ltd has agreed to provide
+the letter of credit.
+    The letter of credit has a five year term, with an
+evergreen feature allowing for extension at the support banks'
+option.
+    The notes and paper will be issued by IEL's Sydney-based
+subsidiary, IEL Finance Ltd.
+    The letter of credit will be underwritten by a group of
+banks who will be paid a 20 basis point facility fee and a 25
+basis point utilisation fee.
+    IEL itself is 51 pct owned by Brierley Investments Ltd of
+New Zealand, Merrill Lynch said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16228" NEWID="908">
+<DATE> 3-MAR-1987 04:42:22.62</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>malaysia</D><D>zaire</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0708&#31;reute
+u f BC-ZAIRE-ACCEPTS-TIN-EXP   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAIRE ACCEPTS TIN-EXPORT QUOTA, ATPC SAYS</TITLE>
+<DATELINE>    KUALA LUMPUR, March 3 - </DATELINE><BODY>Zaire agreed to limit its tin
+exports to 1,736 tonnes for 12 months from March 1 in line with
+an Association of Tin Producing Countries (ATPC) plan to curb
+exports, the ATPC said.
+    ATPC Executive Director Victor Siaahan told Reuters he
+received a telex from Zaire indicating its willingess to take
+part in the plan to limit total ATPC exports to 96,000 tonnes
+for a year from March 1.
+    Siaahan said Zaire is expected to produce 1,900 tonnes of
+tin in calendar 1987, and that in 1986 its output and exports
+were about 1,200 tonnes.
+    The ATPC hopes to cut the 70,000-tonne world surplus by
+20,000 tonnes and boost prices.
+    All ATPC members except Zaire and Australia recently agreed
+to adhere to the export quotas allocated them under the plan.
+Australia said its quota of 7,000 tonnes was roughly equal to
+its expected output this year.
+    The ATPC consists of Malaysia, Indonesia, Thailand,
+Bolivia, Australia, Nigeria and Zaire.
+    China and Bolivia, important producers of tin, are not
+members.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16229" NEWID="909">
+<DATE> 3-MAR-1987 04:44:27.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0714&#31;reute
+u f BC-JAPANESE-BANKS-PLAN-J   03-03 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE BANKS PLAN JOINT FIRM TO AVOID DEBT RISK</TITLE>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>Japan's major commercial banks plan to set
+up a joint company to which they will transfer assets acquired
+by lending to developing countries to build up a reserve
+against possible bad loans, a senior official of a major bank
+told Reuters.
+    He said about 10 banks are likely to finish details of the
+project in a few weeks. The intent is to avoid risk arising
+from unrecoverable debt owed by Third World countries, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16230" NEWID="910">
+<DATE> 3-MAR-1987 04:49:58.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0723&#31;reute
+u f BC-JAPANESE-FINANCIAL-FU   03-03 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE FINANCIAL FUTURES PLAN REVEALED</TITLE>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>The Federation of Bankers' Associations of
+Japan released its proposal for early creation of a
+comprehensive financial futures market in Tokyo.
+    The market should include a comprehensive range of futures
+and options trading so Tokyo can develop into a real global
+money centre where a variety of risk-hedging instruments is
+available, the proposal said.
+    It should provide currency and interest rate futures, and
+incorporate the existing yen bond futures and planned stock
+index futures contracts.
+    The proposal said transactions in all these contracts must
+be conducted on the same market so participants can readily
+engage in arbitrage between various financial instruments.
+    To make this possible, the proposal calls for new
+legislation which would administer all related futures and
+options transactions under the same legal framework.
+    Banking sources said they expect that initially the
+currency futures would be dollar-yen and interest futures would
+include Japanese domestic yen certificates of deposit,
+three-month Eurodollar deposits and 20-year U.S. Treasury
+bonds.
+    Banking sources quoted federation chairman Yoshiro Araki as
+saying he hoped the market would be created as soon as possible
+because it would help promote the liberalisation of Japan's
+financial markets.
+    Araki said he had no intention of limiting prospective
+market participants to banks but was willing to accept those
+from wider business circles, the sources said.
+    Japan's only current financial futures market, in yen
+bonds, began on the Tokyo Stock Exchange in October 1985.
+    But the Osaka Stock Exchange plans to start futures trading
+in a basket of leading stocks in April.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16231" NEWID="911">
+<DATE> 3-MAR-1987 04:53:37.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0730&#31;reute
+b f BC-EC,-EURATOM-FRENCH-FR   03-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC, EURATOM FRENCH FRANC EUROBONDS EXPECTED</TITLE>
+<DATELINE>    PARIS, March 3 - </DATELINE><BODY>The European Community (EC) and Euratom,
+the European atomic energy agency, are expected to issue French
+franc eurobonds this month, a Treasury spokesman said.
+    Other eurofranc bonds this month are likely to include
+issues by a bank and a company, both unidentified, but no other
+details were available. The spokesman said the March calendar
+would be flexible, to take account of market conditions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16232" NEWID="912">
+<DATE> 3-MAR-1987 04:54:29.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0731&#31;reute
+u f BC-AUSTRALIAN-POLICE-ARR   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN POLICE ARREST FORMER WESTPAC CLERK</TITLE>
+<DATELINE>    SYDNEY, March 3 - </DATELINE><BODY>Australian police said they charged a
+former currency clerk of Westpac Banking Corp &lt;WSTP.S> with
+misappropriating 8,300 dlrs in July in an alleged
+foreign-exchange fraud.
+    A spokeswoman for the New South Wales Corporate Affairs
+Commission (CAC) said the arrest was part of its investigation
+stemming from complaints from Westpac and &lt;Kleinwort Benson
+Australia Ltd>.
+    CAC and Westpac officials said they were working out how
+much money was involved, but said press reports it was as much
+as five mln dlrs were probably exaggerated.
+    Police told reporters it was alleged the former clerk
+quoted an incorrect dealing price relationship between the yen
+and the Swiss franc.
+    They said the CAC was investigating 14 other cases
+involving 214,000 dlrs.
+    A Kleinwort Benson spokesman declined to comment on the
+case but the company said in a statement yesterday a small loss
+incurred in 1986 in its foreign-exchange division was unrelated
+to "certain alleged forex irregularities."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16233" NEWID="913">
+<DATE> 3-MAR-1987 04:57:14.52</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0734&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   03-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST AT 350 MLN STG</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The Bank of England said it forecast a
+shortage of around 350 mln stg in the money market today.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and the take-up of treasury bills will drain
+some 525 mln stg while bankers' balnces below target will take
+out around 175 mln stg.
+    Partly offsetting these outflows, exchequer transactions
+and a fall in note circulation will add some 300 mln stg and 40
+mln stg to the system respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16234" NEWID="914">
+<DATE> 3-MAR-1987 05:05:45.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0747&#31;reute
+u f BC-JAPAN-LIKELY-TO-LET-U   03-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN LIKELY TO LET U.S. BANKS DEAL SECURITIES</TITLE>
+<AUTHOR>    By Tsukasa Maekawa, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>Japan looks likely to allow U.S. Banks to
+conduct securities business here, a move that will probably
+cause the barriers separating Japanese commercial banks from
+brokerage houses to break down, financial analysts said.
+    But the timing of the approval remains uncertain, due to
+conflicting domestic interests.
+    J.P.Morgan and Co &lt;JPM>, Bankers Trust New York Corp &lt;BT>,
+Manufacturers Hanover Corp &lt;MHC> and Chemical Bank New York
+Corp &lt;CHL> are expected to win approval to conduct securities
+business in Japan, U.S. Bank officials said.
+    "There is no reason for extended delay of approval," one
+official at a U.S. Bank said. The four U.S. Banks have been
+seeking finance ministry approval for months.
+    To date, Japan has allowed European banks to do securities
+business here through 50-pct owned subsidiaries. As Japanese
+banks can conduct securities business in European countries,
+this was seen as a reciprocal move and did not pave the way for
+Japanese banks to enter the domestic securities market.
+    But if U.S. Banks win approval, Japanese banks will press
+hard for similiar status, since they are not allowed to conduct
+securities business in the U.S.
+    Many U.S. Bank officials expect their applications to be
+approved before June. But Japanese banking sources said the
+decision will be delayed until next year. A spokesman for the
+finance ministry declined comment.
+    U.S. Bankers will meet with ministry officials for talks on
+financial market deregulation sometime in the next few months.
+Ministry sources said the talks are likely to be held in April
+or June.
+    At the last round of financial negotiations in September,
+U.S. Officials said Japan's commitment to deregulation was
+flagging.
+    Analysts said the finance ministry has been seriously
+considering the U.S. Request since the U.S. Federal Reserve
+Bank of New York approved five new primary government
+securities dealers, including two Japanese brokerages, last
+December.
+    They said the ministry will have to approve the U.S.
+Request soon to head off criticism its markets are not as open
+to foreigners as those of the U.S.
+    Analysts said Japan has proceeded rapidly with financial
+deregulation since 1984, but has not touched upon the clear
+division between the securities and banking businesses.
+    Japanese banks and securities houses have fought hard to
+protect their interests, but analysts said the banks are
+finding it increasingly difficult to earn money in traditional
+fields.
+    Officials of major Japanese banks said they will pay
+special attention to the ministry's reaction to U.S. Bank
+requests because approval would accelerate market
+liberalization in Japan.
+    The Japanese bankers hope approval will pave the way for
+their own entry into the domestic securities market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16235" NEWID="915">
+<DATE> 3-MAR-1987 05:07:04.50</DATE>
+<TOPICS><D>money-fx</D><D>saudriyal</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0754&#31;reute
+u f BC-SAUDI-RIYAL-DEPOSIT-R   03-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI RIYAL DEPOSIT RATES EASE</TITLE>
+<DATELINE>    BAHRAIN, March 3 - </DATELINE><BODY>Saudi riyal interbank deposit rates
+eased across the board in a dull market which was long in
+day-to-day funds, dealers said.
+    Today's quiet market continued a lull of several days in
+which traders were said to be waiting on the sidelines ahead of
+further clues to the direction of oil prices and the Saudi
+economy.
+    Dealers cited some borrowing interest in two, three, and
+six-month deposits but said activity focused on short dates and
+one-month deposits as banks tried to lend surplus funds.
+    Spot-next was put at 5-3/4, 5-1/4 pct, down from six, 5-1/2
+yesterday while one-week rates were steady at six, 5-1/2 pct.
+    One-month deposits declined to 6-1/4, 1/8 pct from 6-1/2,
+1/4 on Monday, while three months was barely changed at seven,
+6-15/16 pct.
+    The spot riyal was little changed at 3.7501/03 to the
+dollar after quotes of 3.7498/7501 yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16236" NEWID="916">
+<DATE> 3-MAR-1987 05:07:58.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0758&#31;reute
+u f BC-CURRENCY-SECTORS-CONT   03-03 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURRENCY SECTORS CONTINUE TO FEATURE EUROBOND TRADE</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Early dollar straight eurobond trade was
+quiet with currency sectors, particularly eurosterling,
+continuing to perform strongly, closely reflecting current
+trading patterns on the foreign exchanges, dealers said.
+    Eurosterling bonds continued to rise steadily, bolstered by
+the extremely ebullient tone of the U.K. Government bond market
+on a combination of positive U.K. Economic fundamentals.
+    The dollar was initially stabler but most dollar straight
+bonds were static in dull trade. A handful of issues showed
+signs of weakness but dealers said investors were awaiting
+today's release of U.S. Leading indicators for January.
+    The U.S. Data due out this afternoon is expected to be
+weak, placing the U.S. Unit under renewed pressure and robbing
+the market in dollar-denominated eurobonds of fresh trading
+impetus, one dollar straight trader said.
+    "It's going to be another tedious day and I can't see how
+anybody is going to make any money," he said.
+    Eurosterling issues continued to rally on the back of
+general sterling euphoria -- with the U.K. Currency trading at
+six month highs on interest rate optimism and the strength of
+the domestic equity markets.
+    Eurosterling bonds saw early gains of up to half a point.
+    However, some eurosterling dealers noted the bonds could
+soon fall back marginally if -- as expected -- professionals
+stepped in to take profits at current healthy levels.
+    Trade in mark-denominated bonds was expected to be subdued
+today due to pre-Lenten carnival festivities in West Germany.
+    There were signs of reawakened investor nerves affecting
+trade in the floating rate note market which yesterday started
+the week extremely quietly after a hectic sell-off last week.
+    FRN dealers said paper of U.S. -- and also of Canadian --
+banks was seeing some pressure as a result of recent press
+reports focussing on their exposure to Latin American debt.
+    "(Brazilian Finance Minister Dilson) Funaro's visit to
+Europe has also brought the spotlight back onto the debt crisis
+after things had more or less quietened down following the
+first shock statements last week," one FRN specialist said.
+    Despite the dearth of activity in the dollar straight
+secondary market, two new dollar issues were the only early
+features on the primary market.
+    These were a five year 150 mln dlr deal launched by Morgan
+Guaranty Ltd for Saab Scania at 7-3/4 pct priced at 101-3/4
+pct.
+    The other issue was a 100 mln dlr deal -- also due 1992 --
+for NV Nederlandse Gasunie paying 7-1/4 pct and priced at
+101-1/8 pct, with Citicorp Investment Bank Ltd as lead manager.
+    Dealers predicted reasonable demand for both issues due
+mainly to a lack of fresh, good name paper in the market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16237" NEWID="917">
+<DATE> 3-MAR-1987 05:12:06.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0767&#31;reute
+u f BC-FRENCH-TREASURY-DETAI   03-03 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH TREASURY DETAILS PLANNED TAP ISSUE</TITLE>
+<DATELINE>    PARIS, March 3 - </DATELINE><BODY>The French Treasury will issue between
+eight and 12 billion francs worth of tap stock depending on
+market conditions at its monthly tender on Thursday, the Bank
+of France said.
+    The planned issue will be of two fixed-rate tranches, of
+the 8.50 pct June 1997 and the 8.50 pct December 2012 stock,
+and one tranche of the variable-rate January 1999 stock.
+    The minimum amount of each tranche to be sold will be one
+billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16238" NEWID="918">
+<DATE> 3-MAR-1987 05:20:24.70</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>japan</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0777&#31;reute
+u f BC-PEMEX-SIGNS-500-MLN-D   03-03 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEMEX SIGNS 500 MLN DLR JAPAN LOAN FOR PIPELINE</TITLE>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>Mexican state oil firm Petroleos Mexicanos
+(Pemex) signed for a 500 mln dlr&#127;untied loan from the
+Export-Import Bank of Japan to finance its Pacific Petroleum
+Project, Pemex Japan representative Tito Ayal said.
+    No further details on the loan were immediately available.
+    Ayala told an oil seminar the project, due for completion
+in 1988, is aimed at improving distribution of oil products in
+the domestic market, mainly along the Pacific coast.
+    The project consists of a pipeline linking Nueva Teapa on
+the Gulf of Mexico with Salina Cruz on the Pacific Coast, and
+construction of the second phase of the Salina Cruz refinery.
+    The project also includes construction of liquified
+petroleum gas (LPG) storage tanks at Santa Cruz, additional
+crude oil storage at both ends of the pipeline, an ammonia
+complex at Lazaro Cardenas on the Pacific Coast and expansion
+of the infrastructure of the port of Salina Cruz, Ayala said.
+    Pemex will buy 80 mln dlrs worth of foreign equipment and
+materials for the project, he said. The new pipeline will
+enable Japan to load Mexico's Maya crude oil at Salina Cruz
+rather than in the Gulf of Mexico. Pemex will also have some
+LPG surplus available in Salina Cruz that may help Japan
+diversify its supply sources of that product, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16239" NEWID="919">
+<DATE> 3-MAR-1987 05:25:04.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0782&#31;reute
+b f BC-SUPPLIES-OF-U.K.-INDE   03-03 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPPLIES OF U.K. INDEX-LINKED BOND EXHAUSTED</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The Government broker's supplies of a 400
+mln stg issue of two pct Treasury index-linked stock due 1992
+were exhausted in early trading on the U.K. Government bond
+market this morning, the Bank of England said.
+    The Bank said that the issue was no longer operating as a
+tap, having been supplied at a price of 94 stg pct this
+morning.
+    The issue was undersubscribed at a tender on February 18,
+but the Government broker has supplied amounts of the stock on
+a number of occasions since then. The relatively small quantity
+remaining in the authorities' hands was quickly sold out on a
+small upturn in demand early today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16240" NEWID="920">
+<DATE> 3-MAR-1987 05:27:32.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0784&#31;reute
+b f BC-STC-PLC-&lt;STCL.L>-YEAR   03-03 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STC PLC &lt;STCL.L> YEAR TO END-1986</TITLE>
+<DATELINE>    LONDON, MARCH 3 -
+    </DATELINE><BODY>Shr profit 15.9p vs 2.25p loss
+    Div 3p making 4.5p vs nil
+    Turnover 1.93 billion stg vs 1.99 billion
+    Pretax profit 134.2 mln vs 11.4 mln loss
+    Tax 47.2 mln vs nil
+    Operating profit 163.0 mln vs 92.7 mln
+    Interest less investment income 13.8 mln vs 37.2 mln
+    Exceptional debit 15.0 mln vs 66.9 mln
+    Minorities 0.3 mln vs 0.4 mln
+    Extraordinary credit 16.4 mln vs 42.0 mln debit
+    Operating profit includes -
+    International computers 90.2 mln vs 61.7 mln
+    Communications systems 56.1 mln vs 48.7 mln
+    Components and distribution 20.0 mln vs 1.5 mln
+    Defence 9.4 mln vs 13.1 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16241" NEWID="921">
+<DATE> 3-MAR-1987 05:35:46.12</DATE>
+<TOPICS><D>earn</D><D>alum</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0799&#31;reute
+u f BC-COMALCO-SAYS-LOWER-CO   03-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMALCO SAYS LOWER COSTS HELPED RETURN TO PROFITS</TITLE>
+<DATELINE>    MELBOURNE, March 3 - </DATELINE><BODY>Comalco Ltd &lt;CMAC.S> said its return
+to profit reflected reduced costs, improved primary aluminium
+prices and its withdrawal from a Japanese smelter venture.
+    It said the earlier reported 57.1 mln dlr profit for the
+year ended December 31 against a 69.13 mln dlr loss in 1985 was
+also aided by lower interest rates on U.S. Dollar debt and
+greater sales of bauxite and aluminium.
+    Comalco said it expected to pay at least a four cents per
+share final, dividend delayed until July 1 to take advantage of
+proposed dividend imputation laws.
+    This would make five cents for the year against a first and
+final of one cent in 1985.
+    Comalco said the aluminium industry continued to suffer
+from low prices and excess capacity, though the weak Australian
+dollar had helped earnings.
+    Withdrawal from the &lt;Showa Aluminium Industries KK> joint
+venture had been recapitalised in expansion by the &lt;New Zealand
+Aluminium Smelters Ltd> project with Japan's &lt;Sumitomo
+Aluminium Smelting Co Ltd>, permitting repayments and increases
+in liquid funds totalling 165 mln dlrs, it said.
+    As previously reported Comalco's &lt;Commonwealth Aluminium
+Corp> unit has conditionally agreed to sell its smelter at
+Goldendale, Washington, and port facilities at Portland, Oregon
+to &lt;Columbia Aluminium Corp>.
+    Comalco said it had made a 27.3 mln dlr extraordinary
+provision for Goldendale losses and closure costs but that if
+the sales agreement were completed it would reduce the
+provision made in the 1986 accounts.
+    The other items in the total extraordinary loss of 140.5
+mln dlrs were a 102.9 mln write-off of unrealised exchange
+losses and 10.3 mln for an increase in future tax provision.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16242" NEWID="922">
+<DATE> 3-MAR-1987 05:36:38.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0803&#31;reute
+u f BC-CRA-EXPECTS-TO-PAY-FI   03-03 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRA EXPECTS TO PAY FINAL DIVIDEND OF 10 CENTS</TITLE>
+<DATELINE>    ME}LBOURNE, March 3 - </DATELINE><BODY>CRA Ltd &lt;CRAA.S> said it expected to
+pay a final 1986 dividend of not less than 10 cents a share
+after July 1, making 13 cents for&#127;the year against 15 in 1985.
+    The mining and smelting group earlier reported 1986 net
+earnings rose to 138.2 mln dlrs from 87.8 mln in 1985, against
+analysts' forecasts yesterday of 125 mln to&#127;160 mln.
+    CRA said it was deferring consideration of a dividend until
+later this year to provide the benefit of dividend imputation
+to its shareholders. After July 1, dividends will be tax-free
+to shareholders provided they come out of earnings on which the
+full 49 pct company tax rate has been p&#127;id.
+    The company operates on a substituted tax year, not the
+fiscal year ending June 30, and as a result has incurred tax at
+the 49 pct rate on 1986 earnings, CRA said in a statement.
+    Consequently, it has funds available for distribution with
+dividend imputed but is waiting to see the imputation
+legislation before determining the final payout, it said.
+    Despite the higher net earnings, CRA said 1986 was a poor
+year for the minerals industry, with the notable exception of
+gold producers.
+    Prices for major metals expressed in real U.S. Dollars
+declined to the lowest levels in about 50 years, it said.
+    Fluctuating exchange and interest rates added volatility
+and uncertainty, while the revaluation of the yen is leading to
+substantial restructuring of Japanese industry, CRA said.
+    World demand for metals is growing slowly. Inventories have
+steadily declined, with supply and demand in better balance,
+but overcapacity continues, CRA said.
+    Turning to contributions to its earnings, CRA said
+Bougainville Copper Ltd &lt;BUVA.S> contributed 31.3 mln dlrs
+while its share of Comalco Ltd's &lt;CMAC.S> net was 37.8 mln.
+    Net earnings from iron-ore operations were 111.8 mln dlrs
+against 149.2 mln in 1985, it said.
+    Lead, zinc and silver mining and smelting operations
+incurred a net loss of 66.8 mln dlrs against a 38.1 mln loss in
+1985, CRA said.
+    Coal activities resulted in a net profit of 36.7 mln dlrs
+against 34.1 mln, while salt raised its contribution to 4.7 mln
+from 2.8 mln.
+    CRA's share of earnings from the Argyle diamond project
+amounted to 12.0 mln dlrs against nine mln in 1985.
+    CRA said the main item in its 250.28 mln dlr extraordinary
+loss was a 172.9 mln writeoff of unrealised foreign exchange
+losses on borrowings as required by a new accounting standard.
+    Other extraordinary items were 63.3 mln dlrs provided for
+closures and writedown of assets and a 14.1 mln increase in
+future tax provisions, CRA said.
+    Cash flow continued at a high level, being 950.6 mln dlrs
+before capital expenditure against 1.02 billion in 1985. The
+strong cash flow, coupled with the proceeds of the 1986 rights
+issue and the use of existing cash balances, enabled group debt
+to be reduced by nearly 500 mln dlrs.
+    CRA said it held forward contracts at year-end to buy 985
+mln U.S. Dlrs to hedge part of its foreign debt. This cost 47.0
+mln dlrs after tax, included in the net interest cost.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16243" NEWID="923">
+<DATE> 3-MAR-1987 05:42:26.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0809&#31;reute
+b f BC-MONTEDISON-UNIT-ISSUE   03-03 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTEDISON UNIT ISSUES 50 MLN AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Montedison Finance Overseas Ltd, a unit
+of Montedison SpA, is issuing a 50 mln Australian dlr eurobond
+due April 3, 1990 paying 15-1/2 pct and priced at 101-3/8 pct,
+lead manager Orion Royal Bank Ltd said.
+    The non-callable bond is guaranteed by the parent. The
+selling concession is one pct while management and underwriting
+combined pays 1/2 pct.
+    The issue will be listed in Luxembourg and is available in
+denominations of 1,000 and 10,000 Australian dlrs. The payment
+date is April 3.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16244" NEWID="924">
+<DATE> 3-MAR-1987 05:43:28.79</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0814&#31;reute
+u f BC-SWISS-CAPITAL-EXPORTS   03-03 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS CAPITAL EXPORTS RISE IN JANUARY</TITLE>
+<DATELINE>    ZURICH, March 3 - </DATELINE><BODY>Swiss capital exports rose to 4.64
+billion francs in January after 2.54 billion in December and a
+year earlier 3.64 billion, the Swiss National Bank said.
+    New bond issues accounted for 4.12 billion of the total
+after December's 2.15 billion, and credits 525.1 mln after
+389.9 mln.
+    In January 1985, before the National Bank ended the
+distinction between notes and bonds, bond issues totalled 1.66
+billion francs, notes 1.39 billion and credits 597.5 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16245" NEWID="925">
+<DATE> 3-MAR-1987 05:51:30.55</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>china</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0829&#31;reute
+u f BC-CHINA-CALLS-FOR-BETTE   03-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA CALLS FOR BETTER TRADE DEAL WITH U.S.</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    PEKING, March 3 - </DATELINE><BODY>China called on the United States to
+remove curbs on its exports, to give it favourable trading
+status and ease restrictions on exports of high technology.
+    But the U.S. Embassy replied that Chinese figures showing
+13 years of trade deficits with the U.S. Out of the last 15 are
+inaccurate and said Peking itself would have to persuade
+Congress to change laws which limit its exports.
+     The official International Business newspaper today
+published China's demands in a  editorial to coincide with the
+visit of U.S. Secretary of State George Shultz.
+     "It is extremely important that the U.S. Market reduce its
+restrictions on Chinese imports, provide the needed facilities
+for them and businessmen from both sides help to expand Chinese
+exports," the editorial said.
+     "The U.S. Should quickly discard its prejudice against
+favourable tariff treatment for Chinese goods and admit China
+into the Generalised System of Preference (GSP).
+     "Despite easing of curbs on U.S. Technology exports in
+recent years, control of them is still extremely strict and
+influences normal trade between the two countries," it added
+     The paper also printed an article by China's commercial
+counsellor in its Washington embassy, Chen Shibiao, who said
+that "all kinds of difficulties and restrictions" were preventing
+bilateral trade fulfilling its full potential.
+     He named them as U.S. Protectionist behaviour, curbs on
+technology transfer and out-of-date trade legislation.
+     The paper also printed a table showing that, since
+bilateral trade began in 1972, China has had a deficit every
+year except 1972 and 1977. It shows the 1986 and 1985 deficits
+at 2.09 billion and 1.722 billion dlrs.
+     A U.S. Embassy official said the U.S. Did not accept
+Peking's trade figures at all, mainly because they exclude
+goods shipped to Hong Kong and then trans-shipped to U.S. While
+U.S. Figures are based on country of origin.
+     He said that, if China wants to obtain GSP status, it will
+have to lobby Congress itself to persaude it to amend several
+laws which currently prevent Peking getting such status.
+     The U.S. Trade Act of 1974 says that to qualify for GSP,
+China must be a member of the General Agreement of Tariffs and
+Trade (GATT), for which it applied in July 1986, and "not be
+dominated or controlled by international Communism."
+     The official said China was well aware of the laws, some
+of which date to the anti-Communist early 1950's, but that
+there is not sufficient political will in the U.S. To change
+them.
+     China has been the subject of about a dozen cases
+involving anti-dumping in the U.S. Within the last two years,
+which the U.S. Side won, he said.
+     But, for the first time, China signed last week an
+agreement which it itself initiated to voluntarily restrain
+exports of at least two categories of steel goods, which may
+lead the U.S. Side to withdraw the anti-dumping case, he added.
+     Another diplomat said willingness to provide such
+voluntary export restraints would be an important issue in
+bilateral trade issues and in Peking's application to GATT.
+     "China has the potential to disrupt world markets,
+especially in textiles. Other GATT countries will be nervous
+about China in this respect. But there is a precedent for other
+centralled planned economies in GATT," the diplomat said.
+     Poland, Czechoslovakia, Hungary and Romania are members of
+GATT but none has China's massive market potential for imports
+or its vast labour pool to produce cheap exports.
+     In a speech today in the northeast city of Dalian, U.S.
+Secretary of State George Shultz said his country welcomed
+China's interest in participating in GATT.
+     "The process of Chinese accession will not be accomplished
+overnight -- the GATT rules were not designed for a large
+economy of the Chinese type," Shultz said.
+     "China can play an important role by actively joining GATT
+discussions seeking to expand general trading opportunities and
+enhance market access for exports worldwide. China can further
+develop its foreign trade system so as to gain the maximum
+benefit from its GATT participation," he said.
+     The problems facing U.S.-China trade and GATT membership
+are similar -- a pricing system which many foreign businessmen
+regard as arbitrary and not related to actual costs, especially
+for exports, and a de facto dual currency system.
+     In a memorandum backing its application presented to GATT
+last month, China said it was gradually reforming its economic
+system and replacing mandatory instruction with "guidance
+planning" and economic levers.
+     The diplomat said that, to join GATT, China had much to
+do.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16246" NEWID="926">
+<DATE> 3-MAR-1987 05:52:58.09</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0833&#31;reute
+u f BC-NO-BUNDESBANK-POLICY   03-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO BUNDESBANK POLICY CHANGES EXPECTED THURSDAY</TITLE>
+<DATELINE>    FRANKFURT, March 3 - </DATELINE><BODY>The Bundesbank is unlikely to change
+its credit policies at its central bank council meeting on
+Thursday, as exchange rates and short-term interest rates have
+stabilized over the past few weeks, money market dealers said.
+    Attention in the money market is focused on tomorrow's
+tender for a securities repurchase pact, from which funds will
+be credited on Thursday, when an earlier pact expires, draining
+16 billion marks from the system.
+    The tender was announced last Friday, because carnival
+festivities closed banks in Duesseldorf yesterday, and will
+close banks here this afternoon.
+    Because of the disruption to business from carnival,
+minimum reserve figures for the start of the month are
+unrealistic, making it difficult for banks to assess their
+needs at the tender.
+    Dealers said the Bundesbank would want to inject enough
+liquidity in this week's pact to keep short-term rates down.
+    But because of uncertainty about banks' current holdings,
+the Bundesbank may well allocate less than 16 billion marks
+this week, and top it up if necessary at next week's tender.
+    "I would not be surprised if the Bundesbank cuts the amount
+a little, to say 14 or 15 billion marks," one dealer said.
+    "They would then stock it up at the next tender when the
+need is clearer," he added.
+    An earlier pact expires next week, draining 8.5 billion
+marks from the system. Banks also face a heavy but temporary
+drain this month from a major tax deadline for customers.
+    Banks held 52.0 billion marks on February 27 at the
+Bundesbank, averaging 51.0 billion over the whole month, just
+clear of the 50.5 billion February reserve requirement.
+    Call money traded today at 3.85/95 pct, up from 3.80/90
+yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16247" NEWID="927">
+<DATE> 3-MAR-1987 05:57:17.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0840&#31;reute
+r f BC-TAIWAN-BANKS-ASKED-TO   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN BANKS ASKED TO TAKE PART IN INDONESIA LOAN</TITLE>
+<DATELINE>    TAIPEI, Mar 3 - </DATELINE><BODY>Chase Manhattan Asia Ltd of Hong Kong has
+approached Taiwan banks to take part in a syndicated loan of
+300 mln U.S. Dlrs to finance a liquefied natural gas (LNG)
+project in Indonesia, local banking sources said.
+    The project calls for construction of a 400 mln U.S. Dlr
+facility which could produce two mln tonnes of LNG for supply
+by Taiwan's state-owned Chinese Petroleum Corp .
+    This was the first time Taiwanese banks, including the Bank
+of Taiwan and Bank of Communications, were invited to form a
+syndicated loan, they added.
+    Pertamina has initialled a 20-year contract with Chinese
+Petroleum Corp &lt;CPC> for the supply of 1.5 mln tonnes of LNG
+for Taiwan starting October 1989, a CPC official said.
+    CPC is building an LNG receiving terminal in southern
+Taiwan city of Kaohsiung at a cost of 820 mln U.S. Dlrs. The
+terminal will be completed in mid-1989.
+    A Taiwanese banker said"It will be a good idea for our banks
+to take part in the loan if we want to start in the
+international lending market."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16248" NEWID="928">
+<DATE> 3-MAR-1987 06:01:20.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0848&#31;reute
+u f BC-COUNCIL-OF-EUROPE-ISS   03-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUNCIL OF EUROPE ISSUES LUXEMBOURG FRANC BOND</TITLE>
+<DATELINE>    LUXEMBOURG, March 3 - </DATELINE><BODY>The Council of Europe is issuing a
+125 mln luxembourg franc private placement bond carrying a
+7-1/4 pct coupon and priced at par, lead manager Banque
+Internationale a Luxembourg SA (BIL) said.
+    The non-callable, bullet issue maturing in August 1992
+follows an earlier private placement bond announced last month
+for 250 mln francs but with the same conditions.
+    The new issue is for payment on March 31 and coupon
+payments annually on August 11, with the first coupon a long
+coupon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16249" NEWID="929">
+<DATE> 3-MAR-1987 06:03:09.50</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0852&#31;reute
+b f BC-ITALY-CONSUMER-PRICES   03-03 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY CONSUMER PRICES RISE 0.4 PCT IN FEBRUARY</TITLE>
+<DATELINE>    ROME, March 3 - </DATELINE><BODY>Italy's consumer price index rose 0.4 pct
+in February compared with January after rising 0.6 pct in
+January over December, the national statistics institute
+(Istat) said.
+    The year-on-year rise in February was 4.2 pct down from 4.5
+pct in January and compared with 7.6 pct in February 1986.
+    Istat said its consumer prices index for the families of
+workers and employees (base 1985) was 109.1 in February against
+108.7 in January and 104.7 in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16250" NEWID="930">
+<DATE> 3-MAR-1987 06:07:48.55</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0859&#31;reute
+u f BC-MOBIL-PLAN-TO-OPEN-PE   03-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL PLAN TO OPEN PEKING OFFICE, CHINA DAILY SAYS</TITLE>
+<DATELINE>    PEKING, March 3 - </DATELINE><BODY>Mobil Corp &lt;MOB.N> of the U.S. Plans to
+open an office in Peking to develop oil exploration
+opportunities in China, the China Daily said.
+    It quoted Mobil president Richard Tucker, currently in
+Peking, as saying he is optimistic about investment prospects
+in China and that Peking will continue to encourage foreign
+private businesses to invest here.
+    It said Mobil bought 73 mln dlrs of crude oil and oil
+products from China in 1986 and sold it lubricant and
+fertiliser, but gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16251" NEWID="931">
+<DATE> 3-MAR-1987 06:12:08.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0861&#31;reute
+b f BC-EC-ISSUES-600-MLN-FRE   03-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC ISSUES 600 MLN FRENCH FRANC EUROBOND</TITLE>
+<DATELINE>    PARIS, March 3 - </DATELINE><BODY>The European Community (EC) is issuing a
+600 mln franc 8-3/4 pct bond due April 7, 1997, at 99-1/2 pct,
+lead manager Banque Nationale de Paris said.
+    Fees total two pct, with 1-3/8 pct for selling and 5/8 pct
+for management and underwriting combined.
+    Payment date is April 7, denominations are of 10,000 and
+50,000 francs and listing is in Luxembourg and Paris.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16252" NEWID="932">
+<DATE> 3-MAR-1987 06:12:38.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0863&#31;reute
+u f BC-KLM-TO-TAKE-15-PCT-ST   03-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLM TO TAKE 15 PCT STAKE IN AIR UK</TITLE>
+<DATELINE>    AMSTERDAM, March 3 - </DATELINE><BODY>KLM Royal Dutch Airlines &lt;KLM.A> said
+it agreed to take a 15 pct stake in Air U.K. Ltd, a subsidiary
+of British and Commonwealth Shipping Plc &lt;BCOM.L>, in a
+transaction worth around two mln stg.
+   A KLM spokesman said KLM already cooperated closely with Air
+UK, which runs 111 flights a week to Amsterdam's Schipol
+airport from nine UK cities.
+   British and Commonwealth Shipping said last week it held
+preliminary talks about a KLM minority stake in Air U.K. But
+gave no further details. KLM said it hoped the move would
+attract more British feeder traffic to Amsterdam Airport.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16253" NEWID="933">
+<DATE> 3-MAR-1987 06:14:44.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0865&#31;reute
+u f BC-AIRBUS-SIGNS-ONE-BILL   03-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRBUS SIGNS ONE BILLION DLR JAPANESE CONTRACT</TITLE>
+<DATELINE>    PARIS, March 3 - </DATELINE><BODY>The European &lt;Airbus Industrie> consortium
+has signed a one billion dlr contract to sell 10 A320
+short-haul jets to &lt;All Nippon Airways> of Japan, with an
+option on the sale of a further 10 planes, an Airbus spokesman
+said today.
+    The 10 planes on firm order will be delivered between
+September, 1990 and November, 1991, and will be powered either
+by CFM-56-5S engines made by the Franco-U.S. &lt;CFM
+International> consortium, or V2500S engines built by the
+&lt;International Aero Engine> group.
+    The spokesman declined to comment on a New York Times
+report that Airbus is about to announce a sale to American
+Airlines.
+    But industry sources said American was about to announce
+the purchase of 25 wide-bodied planes from Airbus, as well as
+15 747s from Boeing Co &lt;BAN>.
+    Airbus has already signed large deals with Pan Am Corp
+&lt;PNN>, NWA Inc &lt;NWA> and Eastern Airlines Inc &lt;EALN>, as well
+as a smaller contract with &lt;Continental Airlines>.
+    The A320 made its first flight on February 22 and is not
+due to enter commercial service until March next year.
+    The All Nippon purchase brings the total number of
+commitments to the A320 to 439 from 16 airlines, comprising 275
+firm orders and 164 options.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16254" NEWID="934">
+<DATE> 3-MAR-1987 06:14:59.08</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0867&#31;reute
+u f BC-ZIMBABWE-MAIZE-HARVES   03-03 0118</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZIMBABWE MAIZE HARVEST LOWER AFTER BUMPER CROPS HARARE, March 3
+- Zimbabwe's maize crop in 1986/87 (April/ March) is likely to
+be slightly over 1.6 mln tonnes, against 1.83 mln in 1985/86,
+Grain Marketing Board figures show.
+    Maize exports for 1986/87 to January 31, 1987 totalled
+315,000 tonnes, with about a further 40,000 tonnes expected to
+be exported in February and March, against 285,000 tonnes in
+1985/86. Domestic usage is estimated at 650,000-900,000 tonnes,
+depending on how other crops are affected by current poor
+rains. Last year's consumption was around 700,000 tonnes.
+    Zimbabwe has around two mln stonnes of surplus maize in
+storage, accumulated after two years of bumper harvests.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16255" NEWID="935">
+<DATE> 3-MAR-1987 06:15:59.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0870&#31;reute
+u f BC-FRENCH-BOND-COMMITTEE   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH BOND COMMITTEE APPROVES THREE ISSUES</TITLE>
+<DATELINE>    PARIS, March 3 - </DATELINE><BODY>The French domestic bond issuing committee
+said it has approved three new issues totalling 1.8 billion
+francs.
+    Credit Lyonnais will lead manage a 1.2 billion franc issue
+for the Caisse Centrale de Credit Cooperatif.  Banque Francaise
+de l'Agriculture will lead, with Union de Garantie et de
+Placement, a 300 mln franc issue for its own account.
+    Caisse Centrale des Banques Populaires will lead a 300 mln
+issue for the Groupement des Industries pour le Batiment et
+Travaux Publics. No further details were immediately available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16256" NEWID="936">
+<DATE> 3-MAR-1987 06:31:28.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0884&#31;reute
+u f BC-DEGUSSA-COMBINES-PHAR   03-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEGUSSA COMBINES PHARMACEUTICAL INTERESTS</TITLE>
+<DATELINE>    FRANKFURT, March 3 - </DATELINE><BODY>Degussa AG &lt;DGSG.F> is combining its
+foreign and domestic pharmaceutical activities into the
+Frankfurt-based &lt;Asta Pharma AG>, so as to promote its business
+in that sector, the company said.
+    Group consolidated turnover in Degussa's pharmaceuticals
+sector rose to 380 mln marks in 1985/86 to September 30 from
+377 mln marks in the preceding year, the company said.
+    Turnover from all pharmaceutical interests, including
+minority holdings, was 700 mln marks in 1985/86, somewhat
+higher than in the preceding year. The company did not disclose
+exact 1984/85 results in that sector, a spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16257" NEWID="937">
+<DATE> 3-MAR-1987 06:34:48.50</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0890&#31;reute
+b f BC-U.K.-RESERVES-SHOW-UN   03-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. RESERVES SHOW UNDERLYING RISE IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Britain's gold and currency reserves
+showed an underlying rise of 287 mln dlrs in February, after a
+72 mln dlrs rise in January, the Treasury said.
+    The underlying trend, which is a guide to Bank of England
+operations to support the pound on foreign exchanges, is net of
+borrowings and repayments.
+    This was above market expectations for a 100 mln dlrs rise.
+    The Treasury said the Bank of England used the opportunity
+of strong demand to rebuild reserves after losses last autumn
+and said the underlying rise was still relatively modest.
+    Actual reserves rose by 305 mln dlrs in February to 22.26
+billion dlrs, after rising 29 mln in January to 21.95 billion.
+    Accruals of borrowings under the exchange cover scheme were
+36 mln dlrs last month, after 163 mln in January, while
+repayments were 16 mln dlrs after the previous 151 mln, a
+Treasury spokesman said.
+    Capital repayments totalled two mln dlrs. In January,
+capital repayments totalled 14 mln dlrs, with a valuation
+change that resulted in a fall of 41 mln dlrs due to the
+quarterly rollover from the European Monetary Cooperation Fund
+swap.
+    The Treasury would not comment on the Bank of England's
+market operations, but currency traders reported moderate Bank
+of England intervention to curb upward pressure on the pound
+today.
+    A Treasury spokesman, commenting on the reserves figures,
+said that the government does not want sterling either to rise
+too far or to fall substantially from current levels.
+    He noted that the Chancellor of the Exchequer Nigel Lawson
+stressed this after the recent Paris currencies meeting.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16258" NEWID="938">
+<DATE> 3-MAR-1987 06:39:16.07</DATE>
+<TOPICS><D>earn</D><D>alum</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0895&#31;reute
+u f BC-COMALCO-SAYS-LOWER-CO   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMALCO SAYS LOWER COSTS HELP RETURN TO PROFITS</TITLE>
+<DATELINE>    MELBOURNE, March 3 - </DATELINE><BODY>Comalco Ltd said its return to profit
+reflected reduced costs, improved primary aluminium prices and
+its withdrawal from a Japanese smelter venture.
+    It said the earlier reported 57.1 mln dlr profit for the
+year ended December 31 against a 69.13 mln dlr loss in 1985 was
+also aided by lower interest rates on U.S. Dollar debt and
+greater sales of bauxite and aluminium.
+    Comalco said it expected to pay at least a four cents per
+share final dividend, delayed until July 1 to take advantage of
+proposed dividend imputation laws.
+    This would make five cents for the year against a first and
+final of one cent in 1985.
+    Comalco said the aluminium industry continues to suffer
+from low prices and excess capacity, though the weak Australian
+dollar had helped earnings.
+    Comalco's Commonwealth Aluminium Corp unit said earlier it
+has conditionally agreed to sell its Goldendale smelter in
+Washington, and port facilities at Portland, Oregon to Columbia
+Aluminium Corp. Comalco said its extraordinary provision of
+27.3 mln dlrs costs for Goldendale losses and closure may be
+reduced if the sales agreement were completed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16259" NEWID="939">
+<DATE> 3-MAR-1987 06:49:12.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0906&#31;reute
+u f BC-ULTRAMAR-SELLS-U.K.-M   03-03 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ULTRAMAR SELLS U.K. MARKETING UNITS FOR 50 MLN STG</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>Ultramar Plc &lt;UMAR.L> said it had reached
+agreement in principle to sell its wholly owned U.K. Marketing
+companies to Kuwait Petroleum Corp for around 50 mln stg.
+    Ultramar's marketing units include &lt;Ultramar Golden Eagle
+Ltd> which in 1985 made a profit of around 1.4 mln stg before
+financing and group administration charges. A small loss was
+recorded for the first nine months of 1986.
+    The sale is due to take place on April 1 with the proceeds
+intended to reduce group debt in the short term. But Ultramar
+said the funds would ultimately be used for further development
+of its core businesses in the U.K. And North America.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16260" NEWID="940">
+<DATE> 3-MAR-1987 06:57:33.48</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0913&#31;reute
+u f BC-HONG-KONG-M3-RISES-2.   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG M3 RISES 2.2 PCT IN JANUARY</TITLE>
+<DATELINE>    HONG KONG, March 3 - </DATELINE><BODY>Hong Kong's broadly defined M3 money
+supply rose 2.2 pct to 607.17 billion H.K. Dlrs in January,
+after a 3.1 pct rise in December, for a year-on-year rise of
+23.3 pct, the government said in a statement.
+    Local currency M3 rose 3.6 pct to 280.36 billion dlrs from
+December when it was up 3.4 pct from November, for a rise of
+16.3 pct on the year.
+    Total M2 rose 3.3 pct to 535.26 billion dlrs in January
+from December when it rose 3.5 pct on the previous month. Local
+M2 rose 4.7 pct to 249.03 billion dlrs in January from December
+when it climbed 4.2 pct.
+    Total M2 and local M2 rose 32.5 pct and 23.9 pct on the
+year-ago month, respectively.
+    Total M1 rose 12 pct to 62.84 billion dlrs in January after
+a 5.0 pct rise the previous month. Local M1 rose 12.3 pct to
+57.97 billion dlrs after a 6.2 pct rise. Total M1 and local M1
+year-on-year growth was 32.5 and 32.6 pct, respectively.
+    Total loans and advances rose 3.3 pct to 517.19 billion
+dlrs from December when they rose 1.2 pct.
+    Loans for financing Hong Kong's visible trade rose 3.4 pct
+to 36.72 billion dlrs after a 1.8 pct rise in December.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16261" NEWID="941">
+<DATE> 3-MAR-1987 07:01:46.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0920&#31;reute
+u f BC-WOOLWORTH,-UNDERWOODS   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOOLWORTH, UNDERWOODS FAIL TO AGREE ON BID</TITLE>
+<DATELINE>    LONDON, MARCH 3 - </DATELINE><BODY>&lt;Underwoods Plc> said it had not been
+possible to agree terms on a bid to be made by Woolworth
+Holdings Plc &lt;WLUK.L> during talks.
+    The two companies had been holding exploratory discussions.
+No spokesman for either company was immediately available to
+say why terms could not be agreed, nor whether the possibility
+of a bid was now being abandoned.
+    Last week, Underwoods shares rose 49p to 237p ahead of any
+announcement of the talks. The announcement today brought them
+back down to 214p from last night's close at 241p. Woolworth
+was unchanged at 758p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16262" NEWID="942">
+<DATE> 3-MAR-1987 07:13:12.48</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0943&#31;reute
+r f BC-NO-BUNDESBANK-POLICY   03-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO BUNDESBANK POLICY CHANGES EXPECTED THURSDAY</TITLE>
+<DATELINE>    FRANKFURT, March 3 - </DATELINE><BODY>The Bundesbank is unlikely to change
+its credit policies at its central bank council meeting on
+Thursday, as exchange rates and short-term interest rates have
+stabilized over the past few weeks, money market dealers said.
+    Attention in the money market is focused on tomorrow's
+tender for a securities repurchase pact, from which funds will
+be credited on Thursday, when an earlier pact expires, draining
+16 billion marks from the system.
+    The tender was announced last Friday, because carnival
+festivities closed banks in Duesseldorf yesterday, and will
+close banks here this afternoon.
+    Because of the disruption to business from carnival,
+minimum reserve figures for the start of the month are
+unrealistic, making it difficult for banks to assess their
+needs at the tender.
+    Dealers said the Bundesbank would want to inject enough
+liquidity in this week's pact to keep short-term rates down.
+    But because of uncertainty about banks' current holdings,
+the Bundesbank may well allocate less than 16 billion marks
+this week, and top it up if necessary at next week's tender.
+    "I would not be surprised if the Bundesbank cuts the amount
+a little, to say 14 or 15 billion marks," one dealer said.
+    "They would then stock it up at the next tender when the
+need is clearer," he added.
+    An earlier pact expires next week, draining 8.5 billion
+marks from the system. Banks also face a heavy but temporary
+drain this month from a major tax deadline for customers.
+    Banks held 52.0 billion marks on February 27 at the
+Bundesbank, averaging 51.0 billion over the whole month, just
+clear of the 50.5 billion February reserve requirement.
+    Call money traded today at 3.85/95 pct, up from 3.80/90
+yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16263" NEWID="943">
+<DATE> 3-MAR-1987 07:13:38.57</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0947&#31;reute
+b f BC-U.K.-MONEY-MARKET-SHO   03-03 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SHORTAGE FORECAST REVISED UP</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The Bank of England said it revised up
+its forecast of the shortage in the money market today to
+around 500 mln stg from its initial estimate of 350 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16264" NEWID="944">
+<DATE> 3-MAR-1987 07:15:03.04</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0949&#31;reute
+u f BC-PAKISTAN-TO-RETENDER   03-03 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN TO RETENDER FOR RBD PALM OIL TOMORROW</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Pakistan will retender for 6,000 tonnes
+of refined bleached deodorised palm oil for second half March
+shipment tomorrow, after failing to take up offers today, palm
+oil traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16265" NEWID="945">
+<DATE> 3-MAR-1987 07:15:12.18</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0950&#31;reute
+d f BC-MOBIL-PLANS-TO-OPEN-O   03-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL PLANS TO OPEN OFFICE IN PEKING</TITLE>
+<DATELINE>     PEKING, March 3 - </DATELINE><BODY>Mobil Oil Corp of U.S. Plans to open an
+office in Peking to develop oil exploration opportunities in
+China, the China Daily said.
+     It quoted Mobil president Richard Tucker, currently in
+Peking, as saying he is optimistic about investment prospects
+in China and that Peking will continue to encourage foreign
+private businesses to invest here.
+     It said Mobil bought 73 mln dlrs of crude oil and oil
+products from China in 1986 and sold it lubricant and
+fertiliser, but gave no more details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16266" NEWID="946">
+<DATE> 3-MAR-1987 07:17:26.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0952&#31;reute
+r f BC-MERRILL-MANDATED-FOR   03-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL MANDATED FOR IEL U.S. NOTE.</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Merrill Lynch Capital Markets said it
+received a mandate from Industrial Equity Ltd (IEL) of
+Australia to arrange a letter of credit facility in support of
+100 mln dlrs of medium term notes and U.S. Commercial paper to
+be sold in the U.S. Domestic market.
+    Merrill, which will be the dealer for the medium term notes
+and commercial paper, said this was the first facility of its
+kind.  Sumitomo Trust and Banking Co Ltd has agreed to provide
+the letter of credit.
+    The letter of credit has a five year term, with an
+evergreen feature allowing for extension at the support banks'
+option.
+    The notes and paper will be issued by IEL's Sydney-based
+subsidiary, IEL Finance Ltd.
+    The letter of credit will be underwritten by a group of
+banks who will be paid a 20 basis point facility fee and a 25
+basis point utilisation fee.
+    IEL itself is 51 pct owned by Brierley Investments Ltd of
+New Zealand, Merrill Lynch said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16267" NEWID="947">
+<DATE> 3-MAR-1987 07:18:26.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0959&#31;reute
+h f BC-EC,-EURATOM-FRENCH-FR   03-03 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC, EURATOM FRENCH FRANC EUROBONDS EXPECTED</TITLE>
+<DATELINE>    PARIS, March 3 - </DATELINE><BODY>The European Community (EC) and Euratom,
+the European atomic energy agency, are expected to issue French
+franc eurobonds this month, a Treasury spokesman said.
+    Other eurofranc bonds this month are likely to include
+issues by a bank and a company, both unidentified, but no other
+details were available. The spokesman said the March calendar
+would be flexible, to take account of market conditions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16268" NEWID="948">
+<DATE> 3-MAR-1987 07:18:42.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0960&#31;reute
+d f BC-AUSTRALIAN-POLICE-ARR   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN POLICE ARREST FORMER WESTPAC CLERK</TITLE>
+<DATELINE>    SYDNEY, March 3 - </DATELINE><BODY>Australian police said they charged a
+former currency clerk of Westpac Banking Corp &lt;WSTP.S> with
+misappropriating 8,300 dlrs in July in an alleged
+foreign-exchange fraud.
+    A spokeswoman for the New South Wales Corporate Affairs
+Commission (CAC) said the arrest was part of its investigation
+stemming from complaints from Westpac and &lt;Kleinwort Benson
+Australia Ltd>.
+    CAC and Westpac officials said they were working out how
+much money was involved, but said press reports it was as much
+as five mln dlrs were probably exaggerated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16269" NEWID="949">
+<DATE> 3-MAR-1987 07:19:57.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0967&#31;reute
+f f BC-Unilever-Plc-and-Nv-c   03-03 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Unilever Plc and Nv combined 1986 pre-tax profit 1.14 billion stg vs 953 mln.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16270" NEWID="950">
+<DATE> 3-MAR-1987 07:25:02.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0978&#31;reute
+u f BC-GERMAN-BANKS-SEEK-GRE   03-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKS SEEK GREATER BRAZIL LINK WITH IMF</TITLE>
+<AUTHOR>    By Anthony Williams, Reuters</AUTHOR>
+<DATELINE>    BONN, March 3 - </DATELINE><BODY>West German banks would like Brazil to work
+more closely with the International Monetary Fund (IMF) with a
+view to seeking a solution to the country's debt problems,
+senior West German banking sources said.
+    The sources, speaking ahead of a meeting later today
+between Brazilian Finance Minister Dilson Funaro and his West
+german counterpart Gerhard Stoltenberg, also believed Brazil
+should come up with a convincing economic recovery program.
+    Their comments echoed those of British Chancellor of the
+Exchequer Nigel Lawson, who met Funaro yesterday.
+    Funaro is currently on a European trip seeking to involve
+governments in negotiations with commercial banks on
+rescheduling part of Brazil's foreign debt, which totals some
+109 billion dlrs. But Lawson told Funaro Brazil had to solve
+its problems with the banks rather than governments.
+    Diplomatic sources in Bonn said Funaro would leave early
+tomorrow morning for Zurich after meeting Stoltenberg this
+evening.
+    Funaro has rejected suggestions for negotiations with the
+IMF and said there is no question of Brazil agreeing to an
+austerity program with the Fund.
+    However, the West German banking sources said institutions
+here felt it was particularly important that Brazil presented a
+credible recovery program and that there be a "rapprochement"
+with the IMF.
+    "Consultations are the least that can be expected," said one
+banker.
+    Funaro's trip follows the decision by Brazil 10 days ago to
+suspend interest payments on 68 billion dlrs of commercial
+debt. It has also frozen bank and credit lines deposited by
+foreign banks and institutions worth about 15 billion dlrs.
+    One senior banker closely involved in Brazilian debt
+negotiation offered qualified support for a call from Funaro
+for a change in the structure of the advisory committee of
+banks which has coordinated Brazilian debt since 1982.
+    Funaro said yesterday that U.S. Banks, holding 35 pct of
+Brazilian debt, were over-represented on the 14-bank advisory
+committee with 50 pct of the committee seats. He said Brazil
+might adopt a different approach to its creditor banks,
+involving separate discussions with the regions.
+    Such a move would be in Brazil's interest, since European
+banks have been more supportive than U.S. Banks of alternative
+debt solutions, such as interest capitalisation.
+    The senior banker was strongly opposed to a purely regional
+approach, saying: "There must be one committee and one solution."
+But he added: "There must be an understanding that special
+requests from special regions be taken into account."
+    German banks had objected to the fact that the idea of
+interest capitalisation had been rejected in the committee. It
+was imperative that alternative options be considered. "The menu
+must become richer," the banker said.
+    Banking sources said commercial banks would not be involved
+in today's talks with Funaro. A spokesman for the Bundesbank in
+Frankfurt said the central bank would also not be represented.
+    West German banks have taken a more relaxed attitude to the
+Brazilian suspension of interest payments than institutions in
+the United States, because of their lower exposure.
+    According to Bundesbank data from September last year, West
+German bank exposure to Latin America of slightly under 16
+billion marks represented less than five pct of all foreign
+credit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16271" NEWID="951">
+<DATE> 3-MAR-1987 07:25:49.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>aquino</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T G
+&#22;&#22;&#1;f0980&#31;reute
+r f BC-AQUINO-ANNOUNCES-LAND   03-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AQUINO ANNOUNCES LAND REFORM PLANS</TITLE>
+<DATELINE>    MANILA, March 3 - </DATELINE><BODY>President Corazon Aquino announced
+government plans to devote to land reform an estimated 24
+billion pesos (about one billion U.S. Dlrs) raised from the
+sale of failed businesses taken over by the government.
+    Aquino said she was willing to have her family's sugar
+estate broken up in compliance with Philippine land reform
+programmes but hinted it would not be offered voluntarily.
+    "Whatever laws will be enacted, I say that nobody is above
+the law and that includes me. My brothers and sisters are
+Filipino citizens ... We will abide by whatever laws are
+enacted as far as sugar land is concerned," she told reporters.
+    A committee was now formulating guidelines for the plan,
+including the question of whether land operated by
+multinational companies should also be covered, she added.
+    Agrarian Reform Secretary Heherson Alvarez said recently
+the government planned to distribute 9.7 mln hectares of land
+to impoverished farmworkers under a revised land reform
+programme.
+    The plan, requiring about 1.7 billion dlrs, now also covers
+sugar and coconut areas, apart from rice and corn lands, he
+said. It was expected to benefit about three mln landless
+peasants, he added.
+    Land reform pressure groups have called on Aquino to break
+up her family's 6,000-hectare sugar estate to demonstrate her
+sincerity on the issue political analysts have called one of
+the most pressing problems facing the Philippines.
+    It was not known whether government would wait for the
+Congress to convene by mid-year to formalise the programme or
+have Aquino carry it out through an executive order.
+    Under the plan, government will purchase land mainly from
+landowners with holdings over seven hectares. It will include
+vacant and untenanted farmland as well as 50,000 hectares
+seized from former associates of deposed president Ferdinand
+Marcos.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16272" NEWID="952">
+<DATE> 3-MAR-1987 07:27:15.92</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0986&#31;reute
+u f BC-OPEC-WITHIN-OUTPUT-CE   03-03 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC WITHIN OUTPUT CEILING, SUBROTO SAYS</TITLE>
+<DATELINE>    JAKARTA, March 3 - </DATELINE><BODY>Opec remains within its agreed output
+ceiling of 15.8 mln barrels a day, and had expected current
+fluctuations in the spot market of one or two dlrs, Indonesian
+Energy Minister Subroto said.
+    He told reporters after meeting with President Suharto that
+present weakness in the spot oil market was the result of
+warmer weather in the U.S. And Europe which reduced demand for
+oil.
+    Prices had also been forced down because refineries were
+using up old stock, he said.
+    He denied that Opec was exceeding its agreed production
+ceiling. Asked what Opec's output level was now, he replied:
+"Below 15.8 (mln barrels per day)." He did not elaborate.
+    He said there appeared to have been some attempts to
+manipulate the market, but if all Opec members stick by the
+cartel's December pricing agreement it would get through
+present price difficulties.
+    He predicted that prices would recover again in the third
+and fourth quarters of 1987.
+    He also reiterated that there was no need for an emergency
+Opec meeting.
+    He said Opec had expected to see some fluctuations in the
+spot price. "We hope the weak price will be overcome, and
+predict the price will be better in the third and fourth
+quarters."
+    Refiners, he said, appeared to have used up old stock
+deliberately to cause slack demand in the market and the price
+to fall. But Opec would get through this period if members
+stuck together.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16273" NEWID="953">
+<DATE> 3-MAR-1987 07:27:24.65</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0987&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-03 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 24 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The Bank of England said it provided 24
+mln stg help to the money market in the morning session.
+    This compares with the bank's upward revised shortage
+forecast of around 500 mln stg.
+    The central bank purchased bank bills outright comprising
+two mln stg in band one at 10-7/8 pct and 22 mln stg in band
+two at 10-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16274" NEWID="954">
+<DATE> 3-MAR-1987 07:28:47.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0995&#31;reute
+b f BC-COUPON-ON-MITSUBISHI   03-03 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUPON ON MITSUBISHI WARRANT BOND CUT</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The coupon on the 300 mln dlr equity
+warrant bond deal for Mitsubishi Estate Co Ltd has been cut to
+three pct from the 3-1/4 pct initially indicated, Nikko
+Securities Co (Europe) Ltd said as lead manager of the deal.
+    Exercise price for the warrants has been fixed at yen 2,817
+representing a 2.53 pct premium over the latest Tokyo close
+adjusted for a free share issue this month.
+    Foreign exchange fix is yen 154.65/dlr and payment date on
+the deal is March 20.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16275" NEWID="955">
+<DATE> 3-MAR-1987 07:29:00.91</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0997&#31;reute
+d f BC-JAPAN'S-UNEMPLOYMENT   03-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S UNEMPLOYMENT RATE SEEN RISING TO 3.5 PCT</TITLE>
+<AUTHOR>    By Jeff Stearns, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>Japan's unemployment rate is expected to
+continue to climb to about 3.5 pct within the next year from
+January's three pct record, senior economists, including Susumu
+Taketomi of Industrial Bank of Japan, said.
+    December's 2.9 pct was the previous worst level since the
+government's Management and Coordination Agency began compiling
+statistics under its current system in 1953.
+    "There is a general fear that we will become a country with
+high unemployment," said Takashi Kiuchi, senior economist for
+the Long-Term Credit Bank of Japan Ltd.
+    The government, which published the January unemployment
+figures today, did not make any predictions.
+    "At present we do not have a forecast for the unemployment
+rate this year, but it is difficult to foresee the situation
+improving," a Labour Ministry official said.
+    Finance Minister Kiichi Miyazawa said the government had
+expected the increase and had set aside money to help 300,000
+people find jobs in fiscal 1987 beginning in April.
+    Prime Minister Yasuhiro Nakasone told a press conference
+the record rate underlines the need to pass the 1987 budget
+which has been held up by opposition to proposed tax reforms.
+    The yen's surge has caused layoffs in the mainstay steel
+and shipbuilding industries. Other export-dependent industries,
+such as cars and textiles, have laid off part-time employees
+and ceased hiring, economists said.
+    Although the growing service industry sector has absorbed a
+great number of workers the trend is starting to slow down,
+said Koichi Tsukihara, Deputy General Manager of Sumitomo Bank
+Ltd's economics department.
+    However, other economists disagreed, saying the service
+sector would be able to hire workers no longer needed by the
+manufacturing sector over the next five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16276" NEWID="956">
+<DATE> 3-MAR-1987 07:29:24.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0000&#31;reute
+h f BC-TAIWAN-REJECTS-TEXTIL   03-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN REJECTS TEXTILE MAKER PLEA ON EXCHANGE RATE</TITLE>
+<DATELINE>    TAIPEI, March 3 - </DATELINE><BODY>Central bank governor Chang Chi-cheng
+rejected a request by textile makers to halt the rise of the
+Taiwan dollar against the U.S. Dollar to stop them losing
+orders to South Korea, Hong Kong and Singapore, a spokesman for
+the Taiwan Textile Federation said.
+    He quoted Chang as telling representatives of 19 textile
+associations last Saturday the government could not fix the
+Taiwan dollar exchange rate at 35 to one U.S. Dollar due to
+U.S. Pressure for an appreciation of the local currency.
+    The Federation asked the government on February 19 to hold
+the exchange rate at that level.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16277" NEWID="957">
+<DATE> 3-MAR-1987 07:32:30.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0005&#31;reute
+h f BC-JAPANESE-DEMAND-FOR-U   03-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE DEMAND FOR U.K. GILTS SEEN RISING</TITLE>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>Japanese investor interest in British
+gilt-edged securities is growing rapidly due to expectations
+sterling will remain stable despite the drop in oil prices, and
+on calculations gilt prices will firm, bond managers said.
+    Japanese, British and U.S. Securities houses have been
+expanding inventories of gilts to meet demand from investors
+seeking capital gains, including city and trust banks, which
+have been active on the U.S. Treasury market, they said.
+    Dealing demand for gilts with coupons around 10 pct has
+been getting stronger, the general manager of the local office
+of a British securities firm said.
+    On the other hand, major long-term investors such as
+Japanese insurance companies are not very enthusiastic about
+buying British securities ahead of the March 31 close of the
+Japanese financial year, traders said.
+    These investors, who must convert yen into sterling through
+dollars for British securities purchases, appear to be buying
+in London rather than in Tokyo, a bond manager for a British
+securities house said.
+    The sterling/yen rate was about 240.34/44 today, up from
+234.50 at the start of the calendar year and a narrow range of
+230 to 234 late last year.
+    Many bond traders in Tokyo are doubtful that sterling will
+further appreciate steeply. However, gilts may benefit from
+further declines in U.K. Interest rates, they said.
+    "The U.K. Government is in no hurry to issue more bonds,
+suggesting further market improvement and continuing demand
+from brokers here," said Laurie Milbank and Co assistant manager
+Machiko Suzuki.
+    She said she expected the yield on the actively traded
+11-3/4 pct gilt due March 2007 to dip below 9.5 pct, against
+9.581 pct at yesterday's close in London.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16278" NEWID="958">
+<DATE> 3-MAR-1987 07:35:58.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0013&#31;reute
+b f BC-UNILEVER-PLC-AND-NV-1   03-03 0079</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+UNILEVER PLC AND NV 1986 4TH QTR TO DEC 31
+    LONDON, March 3
+    Unilever Plc share 49.57p vs 44.19p, making 177.55p vs
+137.96p for full year.
+    Unilever NV share 10.69 guilders vs 11.82 guilders, making
+38.22 guilders vs 36.79 guilders.
+    Unilever Plc final div 35.18p, making 50.17p vs 38.62p.
+    Unilever NV final div 10.67 guilders, making 15.33 guilders
+vs 14.82 guilders.
+    Combined pre-tax profit 276 mln stg vs same, making 1.14
+billion stg vs 953 mln.
+    The two companies proposed a five for one share split.
+    Combined fourth quarter pre-tax profit 1.10 billion
+guilders vs 1.11 billion, making 3.69 billion guilders vs 3.81
+billion.
+    Operating profit 259 mln stg vs 265 mln, making 1.12
+billion stg vs 949 mln.
+    Tax 109 mln stg vs 105 mln, making 468 mln vs 394 mln. Tax
+adjustments 19 mln stg credit vs nil, making 26 mln stg credit
+vs three mln debit.
+    Attributable profit 185 mln stg vs 165 mln, making 664 mln
+vs 516 mln.
+    Full year 1986 turnover 17.14 billion stg vs 16.69 billion.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16279" NEWID="959">
+<DATE> 3-MAR-1987 07:42:02.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0023&#31;reute
+u f BC-DAIMLER-OUTPUT-COULD   03-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAIMLER OUTPUT COULD BE AFFECTED BY DISPUTE</TITLE>
+<DATELINE>    STUTTGART, March 3 - </DATELINE><BODY>Daimler-Benz AG [DAIG.F] said its car
+production could fall by 150 cars a day in  the foreseeable
+future  if works councils continue to refuse to approve the
+firm's requests for employees to work overtime when necessary.
+    A company spokesman said the works council at Daimler's
+Unterturkheim plant, which makes axles and other components for
+Daimler cars, has withheld approval for overtime since the
+beginning of the month. The IG Metall metalworkers union in the
+state of Baden-Wuerttemberg has called on works councils in the
+state to reject overtime in a bid to get industry to employ
+more workers.
+    The Daimler spokesman said the lack of overtime work at the
+Unterturkheim plant could eventually affect car output at other
+plants but added he was unable to say when this might occur.
+    A spokesman for Dr.-Ing. H.C. F. Porsche AG [PSHG.F], which
+is also located in Baden-Wuerttemberg, said he did not think
+Porsche would suffer any loss of production because of a ban on
+overtime by its own works councils.
+    A strike by IG Metall in Baden-Wuerttemberg in 1984 closed
+down the German car industry for about seven weeks as the union
+sought to win a 35-hour working week for its members. It later
+settled for a reduction in the working week to 38.5 hours.
+    The spokesman said Daimler's total output of cars was
+currently around 2,500 a day.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16280" NEWID="960">
+<DATE> 3-MAR-1987 07:44:01.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0030&#31;reute
+u f BC-HK-HOTELS-SOARS-ON-TA   03-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HK HOTELS SOARS ON TAKEOVER SPECULATION</TITLE>
+<DATELINE>    HONG KONG, March 3 - </DATELINE><BODY>The price of Hongkong and Shanghai
+Hotels Ltd &lt;SHLH.HK>'s stock soared on speculation of a
+takeover battle between major shareholders the Kadoorie family
+and the Evergo Industrial Enterprise Ltd &lt;EVGH.HK> group, stock
+brokers said.
+    They noted heavy buying in Hk Hotel shares after an
+announcement by Evergo's &lt;China Entertainment and Land
+Investment Co Ltd> unit that it bought about 20 pct of Hk
+Hotels from the firm's deputy chairman David Liang for 1.06
+billion dlrs. The stock rose 12 H.K. Dlrs to 62 dlrs today.
+    Thomas Lau, Evergo's executive director, declined comment
+on whether the group is seeking a further stake in Hk Hotels.
+But he told Reuters the group will hold the 20 pct stake bought
+from Liang as long term investment.
+    He said Evergo "was attracted by the underlying strength of
+Hk Hotels."
+    Analysts said Evergo may be looking for a possible
+redevelopment of the Peninsula Hotel, one of Asia's best known
+hotels, and another site on Hong Kong island. Both are owned by
+Hk Hotels.
+    &lt;Lai Sun Garment Co ltd> yesterday said it acquired a 10
+pct stake in Hk Hotels from Liang for 530 mln dlrs.
+    Lau denied any link between China Entertainment and Lai Sun
+on their acquisitions of the Hk Hotels stake.
+    "It is purely coincidence," he said.
+    But analysts were not so certain, saying that the Evergo
+group, which has a reputation as a corporate raider, may team
+up with Lai Sun Garment for a takeover.
+    Lau also denied any contact with the Kadoorie family, which
+analysts estimate has more than 20 pct of Hk Hotels. Michael
+Kadoorie is chairman of Hk Hotels.
+    Lau said two representatives of Evergo will be nominated to
+the Hk Hotels board.
+    A source close to the Kadoorie family said the family has
+not considered any countermoves so far.
+    Analysts said it would be difficult for Evergo and the
+Kadoorie family to cooperate because of different management
+styles.
+    "Evergo may want to split up the hotel management and
+property developments of Hk Hotels but that strategy may not
+fit the conservative Kadoorie family," said an analyst who asked
+not to be named.
+    Another analyst noted the price of Hk Hotels had been
+distorted by the takeover talks because its net asset value is
+only worth about 50 dlrs a share. The offers by Evergo and Lai
+Sun were for 53 dlrs a share, though that is well below the
+current trading price.
+    Trading was suspended today in shares of Lai Sun, Evergo,
+China Entertainment and the group's associate &lt;Chinese Estates
+Ltd>.
+    Chinese Estates lost 25 cents to 20.15 dlrs yesterday,
+China Entertainment five to 8.60 dlrs and Evergo one to 74
+cents. Lai Sun gained 50 cents to 70.50 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16281" NEWID="961">
+<DATE> 3-MAR-1987 08:01:11.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0072&#31;reute
+u f BC-OERLIKON-UNIT-REJECTS   03-03 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OERLIKON UNIT REJECTS DUTCH PATENT CHARGES</TITLE>
+<DATELINE>    ZURICH, March 3 - </DATELINE><BODY>Oerlikon-Buehrle Holding AG &lt;OEBZ.Z> unit
+&lt;Contraves AG> unequivocally rejects charges by NV Philips
+Gloeilampenfabrieken &lt;PGLO.AS> subsidiary &lt;Hollandse
+Signaalapparaten BV> that it violated patent rights in a radar
+system developed by the latter, a Contraves official said.
+    Max Baumann, a member of the Contraves board, told Reuters
+his company was awaiting judgement in the case before a Zurich
+court "quite calmly," but he declined to discuss it in detail.
+    Signaal claims Contraves included the Dutch firm's patented
+X/KA double-frequency radar in an anti-aircraft system. Baumann
+said he expected judgement to take several months at least.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16282" NEWID="962">
+<DATE> 3-MAR-1987 08:10:09.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0100&#31;reute
+u f BC-CASSA-DI-RISPARMIO-DI   03-03 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASSA DI RISPARMIO DI ROMA LAUNCHING CD PROGRAM</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Italian savings bank Cassa di Risparmio
+di Roma is launching a 100 mln dlr euro-certificate of deposit
+issuance program, Chase Investment Bank Ltd said as arranger.
+    Chase will also be a dealer for the program, along with
+Swiss Bank Corporation International Ltd. Chase Manhattan Bank
+NA, London Branch, will be issuing and paying agent.
+    The paper will be issued in denominations of 500,000 and
+one mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16283" NEWID="963">
+<DATE> 3-MAR-1987 08:10:59.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0101&#31;reute
+u f BC-BRYSON-PAYS-5.4-MLN-D   03-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRYSON PAYS 5.4 MLN DLRS FOR CENERGY CORP STAKE</TITLE>
+<DATELINE>    LONDON, March 2 - </DATELINE><BODY>&lt;Bryson Oil and Gas Plc> said it paid a
+cash consideration of around 5.4 mln dlrs for about 8.6 pct of
+&lt;Cenergy Corp>, a U.S. Oil and gas exploration and production
+company.
+    Bryson said its board has been considering a number of
+possible investments to expand the company's interests and
+believes the opportunity to acquire an investment in Cenergy
+provides a suitable extension to its existing U.S. Interests.
+    Cenergy reported a net loss of 7.27 mln dlrs in the nine
+months to September 30, 1986 while total stockholders equity on
+the same date was 40.72 mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16284" NEWID="964">
+<DATE> 3-MAR-1987 08:12:47.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0105&#31;reute
+u f BC-REAGAN-APPROVAL-RATIN   03-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN APPROVAL RATING FALLS TO FOUR-YEAR LOW</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>President Reagan's approval rating fell
+after the Tower Commission criticised his handling of the Iran
+arms scandal, a New York Times/CBS poll indicates.
+    The poll found 51 pct of those surveyed thought he was
+lying when he said he did not remember if he had approved the
+original arms sales to Iran and 35 pct thought he was telling
+the truth.
+    The poll found 42 pct of those surveyed approved Reagan's
+handling of his job and 46 pct disapproved. The approval rating
+was the lowest since January 1983, when 41 pct approved of the
+way Reagan was doing his job.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16285" NEWID="965">
+<DATE> 3-MAR-1987 08:13:28.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0109&#31;reute
+u f BC-REGAN-DEPARTURE-MAKES   03-03 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGAN DEPARTURE MAKES 3RD VOLCKER TERM LIKELY</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Last week's White House shake-up has
+increased the odds that Federal Reserve Board chairman Paul
+Volcker, a symbol of strength in a government reeling from the
+arms-to-Iran scandal, will serve a third term, sources close to
+the Fed say.
+    But they said that no decision on the appointment, which
+must be filled this August, has been taken by the White House
+and Volcker too has not made up his mind.
+    Former White House Chief of Staff Donald Regan, who
+resigned last week when ex-senator Howard Baker was named as
+his replacement, was implacably opposed to Volcker and tried
+often to undermine him.
+    It is an open secret in Washington that Regan tried to
+ensure that Volcker, first appointed in 1979 by President
+Carter, will not be offered a third term by President Reagan.
+    Only Volcker's key allies in the Reagan administration,
+Vice-President George Bush and Treasury Secretary James Baker,
+kept Regan's recent maneuvering at bay, the sources said.
+    Sources close to the administration say Regan leaked a
+story, quickly shot down by others in the administration, that
+Beryl Sprinkel, chairman of the council of economic advisers,
+had been chosen to replace Volcker.
+    But as the administration's credibility was increasingly
+under fire, it became clear that Regan's power to bring about
+such changes was on the wane.
+    The sources said New White House Chief of Staff Howard
+Baker has a very good relationship with his namesake at the
+Treasury Department and is likely to respect his views on the
+Fed chairmanship.
+    As a moderate Republican, Baker is also unlikely to share
+the right-wing's opposition to Volcker.
+    "This new White House is going to need all the strength it
+can get," said one source when asked about the possibility of
+Volcker's reappointment.
+    Paul Volcker is deeply respected in financial markets both
+in the United States and around the world. At a time when the
+stability of the dollar and the viability of major debtor
+nations are in question, Volcker's departure would definitely
+undermine U.S. leadership, foreign exchange analysts say.
+    U.S. officials say Volcker works very closely with Treasury
+Secretary Baker on issues like international debt and global
+economic cooperation.
+    The two men seem only to differ on how far to deregulate
+the banking industry, but recent statements by Volcker, in
+which he adopted a more liberal attitude on deregulation,
+signalled the politically-independent central bank is coming
+around at least partially to the Treasury position.
+    And a recent statement by a Reagan administration official
+that the two men saw "exactly eye-to-eye" on the dollar was seen
+as an indication of Baker's support for the Fed chairman.
+    Baker is understood to have played a key role in Volcker's
+reappointment to the Fed in mid-1983.
+    The sources said Baker respects Volcker and when appointed
+Treasury Secretary in February 1985, he decided to ensure a
+good working relationship, in part because he believed the two
+key government economic institutions have to work closely.
+    Regan, Treasury Secretary during President Reagan's first
+term, was formerly head of Wall Street's largest brokerage firm
+Merrill Lynch and came to Washington determined to be America's
+pre-eminent economic spokesman.
+    He developed a deep antipathy for Volcker, whose political
+skills undermined that ambition, and who financial markets took
+much more seriously.
+    But the sources said Volcker would have to be invited to
+stay. "Is the president going to ask him? he wouldn't stay
+otherwise," said one. "He'd have to be asked," said Stephen
+Axilrod, formerly staff director of monetary policy at the Fed
+and now vice-chairman of Nikko Securities Co. International.
+    Otherwise, the list of potential candidates is not
+awe-inspiring. And if Volcker left this Augsut, he would leave
+behind one of the most inexperienced Fed Boards in years.
+    Many analysts believe this lack of collective experience --
+the four sitting members were all appointed within the last
+three years -- is dangerous, coming at a time when the global
+economy is threatened by instability.
+    An experienced successor, therefore, would seem a
+necessity. One widely mentioned possibility is Secretary of
+State George Shultz, whose experience as Treasury Secretary
+under Preesident Nixon and background as a trained economist
+would make him ideal.
+    But Shultz too may have been damaged by the arms-to-Iran
+scandal, while vice-chairman Manuel Johnson is regarded at 37
+years old as too young for the job.
+    Other potential candidates include economist Alan
+Greenspan, frequently an informal presidential economic
+adviser, New York Fed President E. Gerald Corrigan, Federal
+Deposit Insurance Corp chairman William Seidman, and Sprinkel.
+    Long a Regan protege, Sprinkel's chances may be damaged by
+his patron's departure from the White House.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16286" NEWID="966">
+<DATE> 3-MAR-1987 08:20:05.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0132&#31;reute
+r f BC-GM-&lt;GM>-CUTS-WAGE-BOO   03-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> CUTS WAGE BOOSTS FOR SALARIED EMPLOYEES</TITLE>
+<DATELINE>    DETROIT, March 3 - </DATELINE><BODY>General Motors Corp has changed its
+method of disbursing merit raises for salaried employees and is
+reducing the size of the merit raise pool to 3.5 pct of the
+total amount available for salaries from 5.5 pct last year, a
+company spokesman said.
+    He said GM will no longer include merit raises in the
+calculation of base pay but will make them simply lump-sum
+payments.  As a result, the merit raises will not be included
+in the calculation of pensions and other benefits.  The change
+affects about 109,000 salaried workers in the U.S. and Canada.
+                                       
+    GM last year eliminated cost of living increases for
+salaried workers, making pay increases based on merit alone. As
+a result of the new action, GM has effectively frozen the base
+pay rates of salaried employees.
+    The spokesman said GM is making the change to remain
+cost-competitive with other U.S. automakers.
+    GM is currently in thje midst of a program to cut
+employment of salaried workers by 25 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16287" NEWID="967">
+<DATE> 3-MAR-1987 08:20:25.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0134&#31;reute
+r f BC-PRE-PAID-LEGAL-&lt;PPD>   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRE-PAID LEGAL &lt;PPD> GETS I.C.H. &lt;ICH> FINANCING</TITLE>
+<DATELINE>    ADA, Okla., March 3 - </DATELINE><BODY>Pre-Paid Legal Services Inc said it
+has signed a letter of intent under which it would receive
+financing from I.C.H. Corp.
+    The company said under the proposed transaction I.C.H.
+would loan it up to 100 mln dlrs, and the loan balance would be
+convertible at any time by either party into Pre-Paid common
+stock at 11 dlrs per share.  In addition, it said it would
+grant I.C.H. a five-year option to purchase new shares at the
+same price.  It said the option would enable I.C.H. to acquire
+up to 500 pct plus one share of Pre-Paid common.
+    Pre-Paid said until expiration of the option, and as long
+as Pre-Paid maintained a mutually agreeable combined loss and
+expense ratio, I.C.H. would, on Pre-Paid's request, exercise as
+much of the option as may be necessary to meet Pre-Paid's
+funding needs.
+    The company said I.C.H. has requested the right to buy
+90,909 Pre-Paid shares from Pre-Paid chairman Harland C.
+Stoneciphjer for 11 dlrs each.  Stonecipher now owns or has the
+right to acquire 1,965,269 Pre-Paid shares and will agree to
+restrictions on the sale of his remaining shares, it said. The
+company saiod Stonecipher will remain chairman.
+    Pre-Paid said the transactions are subject to approval by
+boards of both comnpanies and regulatory agencies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16288" NEWID="968">
+<DATE> 3-MAR-1987 08:20:50.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0137&#31;reute
+r f BC-ASHTON-TATE-&lt;TATE>-4T   03-03 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASHTON-TATE &lt;TATE> 4TH QTR NET</TITLE>
+<DATELINE>    TORRANCE, Calif., March 3 -
+    </DATELINE><BODY>Shr 43 cts vs 30 cts
+    Net 10.6 mln vs 5,967,000
+    Revs 62.9 mln vs 41.5 mln
+    Avg shrs 200.7 mln vs 20.2 mln
+    Year
+    Shr 1.26 dlrs vs 85 cts
+    Net 30.1 mln vs 16.6 mln
+    Revs 210.8 mln vs 121.6 mln
+    Avg shrs 23.9 mln vs 19.4 mln
+    NOTE: Share adjusted for January 1987 two-for-one split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16289" NEWID="969">
+<DATE> 3-MAR-1987 08:23:23.94</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0144&#31;reute
+u f BC-NEITHER-SIDE-OPTIMIST   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEITHER SIDE OPTIMISTIC ON ROTTERDAM PORT ISSUES</TITLE>
+<DATELINE>    ROTTERDAM, March 3 - </DATELINE><BODY>Employers and the port union, FNV, are
+to meet again this afternoon to attempt a settlement of the
+six-week-old dispute in Rotterdam's general cargo sector, but
+neither side is optimistic, spokesmen for both sides told
+Reuters.
+    Little progress was made in last night's three hours of
+talks, with both sides largely reiterating their positions.
+    "There is still a very large gap between the employers and
+the FNV, and I can't say that we expect to reach any agreement.
+But at least we are still talking," a union spokesman said.
+    Employers organization chairman, Jacques Schoufour, accused
+the FNV of intransigence in refusing to alter its stance at all
+over the past two months.
+    "The FNV is not serious about our discussions and I am
+really not optimistic about it changing its point of view at
+all."
+    "If we find this afternoon that the FNV still refuses to
+accept the necessary redundancies in the general cargo sector,
+then we will break off the talks and the redundancies may begin
+later this month," Schoufour said.
+    The series of strikes, which employers say has cost them
+more than seven mln guilders in lost import business in the
+past six weeks, began on January 19 in protest at plans for 800
+redundancies from the sector's 4,000 workforce starting with
+350 this year.
+    Late last month Social Affairs minister Louw de Graaf said
+unless the dispute was settled by yesterday he would withdraw
+the sector's 10 mln guilder annual labour subsidy.
+    Both sides wrote to the minister yesterday setting out
+their cases, but Schoufour said he did not expect to hear from
+him before Wednesday at the earliest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16290" NEWID="970">
+<DATE> 3-MAR-1987 08:28:35.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0154&#31;reute
+u f BC-AMR-&lt;AMR>-TO-HOLD-PRE   03-03 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMR &lt;AMR> TO HOLD PRESS CONFERENCE THIS MORNING</TITLE>
+<DATELINE>    DALLAS/FORT WORTH, Texas, March 3 - </DATELINE><BODY>AMR Corp will hold a
+press conference this morning in New York at 0900 EST, a
+company spokesman said.
+    He would not comment on the subject of the press
+conference, or would he confirm published reports that AMR will
+today announce a 2.5 billion dlr purchase of aircraft and
+engines.
+    According to a New York Times report, AMR is expected to
+announce the purchase of 25 widebodied longrange A300's from
+&lt;Airbus Industrie> and 15 Boeing Co &lt;BA> 767's and the choice
+of General Electric Co &lt;GE> to supply all 80 engines for the
+craft.  The engine order alone, for 80 CF80C-2's, would be
+worth about 500 mln dlrs.
+    The Airbus plane order would be worth about 1.25 billion
+dlrs and the Boeing order about 750 mln dlrs, according to the
+report.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16291" NEWID="971">
+<DATE> 3-MAR-1987 08:30:18.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0157&#31;reute
+u f BC-UNILEVER-IMPROVES-IN   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNILEVER IMPROVES IN MOST SECTORS DURING 1986</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The Unilever Plc and NV &lt;UN.A> group saw
+improved performance in almost all sectors during 1986, the
+Anglo-Dutch group said in its results statement.
+    Very good progress was made last year, while the recent
+acquisition of Chesebrough-Pond's Inc &lt;CBM.N> was a significant
+addition which will greatly benefit the group in the years to
+come.
+    Earlier, Unilever reported combined fourth quarter pre-tax
+profit of 276 mln stg, level with the year earlier period,
+making 1.14 billion stg compared with 953 mln for the 1986 full
+year.
+    Unilever said it plans to change its depreciation policy to
+the more conventional practice of depreciating assets
+individually rather than depreciating fixed assets at average
+rates. The new method is expected to lead to a reduction in the
+accumulated provision for depreciation and thereby increase the
+net book value of tangible asssets by about 300 mln stg as at
+January 1, 1987.
+    Unilever Plc shares are up 25p since yesterday at 2,575p in
+buoyant response to the results and share split proposal,
+though 1986 profits were not ahead of market forecasts, dealers
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16292" NEWID="972">
+<DATE> 3-MAR-1987 08:31:03.09</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0162&#31;reute
+f f BC-******U.S.-LEADING-IN   03-03 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. LEADING INDICATORS FELL 1.0 PCT IN JAN AFTER REVISED 2.3 PCT DEC RISE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16293" NEWID="973">
+<DATE> 3-MAR-1987 08:33:35.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0170&#31;reute
+f f BC-******AMR-CORP-ORDERS   03-03 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMR CORP ORDERS 40 JETS FROM AIRBUS AND BOEING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16294" NEWID="974">
+<DATE> 3-MAR-1987 08:35:15.78</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0181&#31;reute
+b f BC-/U.S.-LEADING-INDEX-F   03-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LEADING INDEX FELL 1.0 PCT IN JANUARY</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The U.S. index of leading indicators
+fell a seasonally adjusted 1.0 pct in January after a revised
+2.3 pct December gain, the Commerce Department said.
+    The department previously said the index rose 2.1 pct in
+December.
+    The decline in January was the biggest for any month since
+July, 1984, when the index fell 1.7 pct.
+    The January decrease left the index at 183.8 over its 1967
+base of 100, and was led by a fall in contracts and orders for
+plant and equipment.
+    A total of six of 10 indicators available for January
+contributed to the decline.
+    Besides contracts and orders for plant and equipment, they
+were building permits, manufacturers' new orders for consumer
+goods, a change in sensitive materials prices, slower
+deliveries from vendors and higher average weekly claims for
+state unemployment insurance.
+    Four of 10 indicators were positive, including stock
+prices, new business formation, average work week and money
+supply.
+    The main factor for the December upward revision was new
+business formation.
+    There was no revision in the 0.9 pct increase in the
+leading indicators index for November.
+    The index of coincident indicators, which measures the
+current economy, fell 0.1 pct in January after increases of 0.7
+pct in December and 0.2 pct in November.
+    The index of lagging indicators, which measures past
+economic activity, rose 0.5 pct in January after a decrease of
+0.5 pct in December and an increase of 0.2 pct in November.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16295" NEWID="975">
+<DATE> 3-MAR-1987 08:35:23.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>brazil</D></PLACES>
+<PEOPLE><D>balladur</D><D>de-larosiere</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0182&#31;reute
+u f BC-BRAZIL-FINANCE-MINIST   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL FINANCE MINISTER MEETS FRENCH OFFICIALS</TITLE>
+<DATELINE>    PARIS, March 3 - </DATELINE><BODY>Brazilian Finance Minister Dilson Funaro
+held separate meetings with French Finance Minister Edouard
+Balladur and Bank of France Governor Jacques de Larosiere on
+the second stage of a European mission to explain his country's
+latest debt crisis, French officials said.
+    They declined to disclose details of the talks. Monetary
+sources described them as a preliminary diplomatic effort to
+see if France could help to negotiate financial concessions
+sought by Brazil from Western banks, governments and official
+lending agencies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16296" NEWID="976">
+<DATE> 3-MAR-1987 08:35:28.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0183&#31;reute
+r f BC-BURLINGTON-COAT-FACTO   03-03 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURLINGTON COAT FACTORY WAREHOUSE CORP &lt;BCF> NET</TITLE>
+<DATELINE>    BURLINGTON, N.J., March 3 - </DATELINE><BODY>Jan 31 end
+    Shr 1.40 dlrs vs 1.10 dlrs
+    Net 16.4 mln vs 12.9 mln
+    Revs 196.2 mln vs 157.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16297" NEWID="977">
+<DATE> 3-MAR-1987 08:42:08.50</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0188&#31;reute
+u f BC-COFFEE-PRICE-FALL-ONL   03-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE PRICE FALL SHORT TERM - DUTCH ROASTERS</TITLE>
+<DATELINE>    ROTTERDAM, March 3 - </DATELINE><BODY>This morning's sharp decline in coffee
+prices, following the breakdown late last night of negotiations
+in London to reintroduce International Coffee Organization,
+ICO, quotas, will be short-lived, Dutch roasters said.
+    "The fall is a technical and emotional reaction to the
+failure to agree on reintroduction of ICO export quotas, but it
+will not be long before reality reasserts itself and prices
+rise again," a spokesman for one of the major Dutch roasters
+said.
+    "The fact is that while there are ample supplies of coffee
+available at present, there is a shortage of quality," he said.
+    "Average prices fell to around 110 cents a lb following the
+news of the breakdown but we expect them to move back again to
+around 120 cents within a few weeks," the roaster added.
+    Dutch Coffee Roasters' Association secretary Jan de Vries
+said although the roasters were disappointed at the failure of
+consumer and producer ICO representatives to agree on quota
+reintroduction, it was equally important that quotas be
+reallocated on a more equitable basis.
+    "There is no absolute need for quotas at this moment because
+the market is well balanced and we must not lose this
+opportunity to renegotiate the coffee agreement," he said.
+    "There is still a lot of work to be done on a number of
+clauses of the International Coffee Agreement and we would not
+welcome quota reintroduction until we have a complete
+renegotiation," de Vries added.
+    With this in mind, and with Dutch roasters claiming to have
+fairly good forward cover, the buying strategy for the
+foreseeable future would probably be to buy coffee on a
+hand-to-mouth basis and on a sliding scale when market prices
+were below 120 cents a lb, roasters said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16298" NEWID="978">
+<DATE> 3-MAR-1987 08:44:34.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0191&#31;reute
+r f BC-GREENWOOD-RESOURCES-&lt;   03-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREENWOOD RESOURCES &lt;GRRL> SELLS COMPANY STAKE</TITLE>
+<DATELINE>    DENVER, March 3 - </DATELINE><BODY>Greenwood Resources Inc said it has sold
+its 4,300,000 common share majority holding in &lt;New London Oil
+Ltd> of London to an affiliate of &lt;Guinness Peat Group PLC> of
+London and an affiliate of &lt;Sidro SA> of Belgium for a total of
+1,700,0000 dlrs in cash.
+    The company said it will apply the proceeds of the sale to
+support its line of credit and as part of a proposed debt
+restructuring with Colorado National Bancshares &lt;COLC> and
+Greenwood shareholders.
+    It said it will retain a seat on the New London board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16299" NEWID="979">
+<DATE> 3-MAR-1987 08:47:17.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0199&#31;reute
+b f BC-/AMR-&lt;AMR>-TO-ACQUIRE   03-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMR &lt;AMR> TO ACQUIRE 40 LONG-RANGE JET AIRCRAFT</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>AMR Corp's American Airlines said it
+will buy 40 long-range jet aircraft to support international
+expansion, including routes in the Caribbean.
+    Under one agreement, the airline said, it will acquire 15
+Boeing Co &lt;BA> 767-300 planes. Under a separate agreement,
+American will acquire A-300-600 aircraft from &lt;Airbus
+Industrie>, a European consortium.
+    The company's announcement included no value for the order.
+    Published reports put the value of the aircraft order,
+including engines, at 2.5 billion dlrs.
+    A total of 98 General Electric Co &lt;GE> CF6-80C2 engines is
+involved in the orders, American Airlines said.
+    The published reports valued the engines at five mln dlrs
+each.
+    The company said it will acquire the planes and engines
+using rental leases that can be terminated on relatively short
+notice.
+    The arrangement allows the airline to acquire the planes
+without adding to its debt, it explained.
+    The Boeing 767s, to be delivered from February 1988 to
+October 1988, will be used on routes between the U.S. and
+Europe, American said.
+    It said the Airbus A300s, scheduled for delivery from April
+1988 through June 1989, will be assigned to the Caribbean,
+where American has developed a major new hub at San Juan,
+Puerto Rico.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16300" NEWID="980">
+<DATE> 3-MAR-1987 08:52:59.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0212&#31;reute
+d f BC-VDO-UNIT-AND-THOMSON-   03-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VDO UNIT AND THOMSON-CSF IN JOINT VENTURE</TITLE>
+<DATELINE>    FRANKFURT, March 3 - </DATELINE><BODY>&lt;VDO Luftfahrtgeraete Werk Adolf
+Schindling GmbH>, 75 pct owned by autoparts maker &lt;VDO Adolf
+Schindling AG>, said it set up a joint venture with Thomson-CSF
+&lt;TCSF.PA> of France to produce liquid crystal displays.
+    It said in a statment that it held 20 pct of the new
+company called Eurodisplay and Thomson-CSF the remaining 80
+pct. Thomson owns the remaining 25 pct of VDO Luftfahrtgeraete.
+    The two companies have also agreed to pool their research
+on development, construction and assembly of the systems, for
+use in vehicles and aircraft, with General Electric Company
+&lt;GEN> of the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16301" NEWID="981">
+<DATE> 3-MAR-1987 08:57:28.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0224&#31;reute
+f f BC-******f.w.-woolworth   03-03 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>F.W. WOOLWORTH CO 4TH QTR SHR 1.78 DLRS VS 1.64 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16302" NEWID="982">
+<DATE> 3-MAR-1987 08:59:37.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>ireland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0229&#31;reute
+r f BC-HEINZ-INTERESTED-IN-B   03-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEINZ INTERESTED IN BUYING GUINNESS BREWING</TITLE>
+<DATELINE>    DUBLIN, March 3 - </DATELINE><BODY>H.J. Heinz &lt;HNZ.N> chairman Tony O'Reilly
+would be interested in buying Guinness PLC &lt;GUIN.L>'s brewery
+division if it were for sale, a spokesman said.
+    The spokesman, reacting to Irish and British press reports,
+said "He continues to be interested were the group to offer the
+brewery side of Guinness for sale. But he has not put together
+a consortium, nor has he been buying shares."
+    He was quoted by the Irish magazine Business and Finance as
+saying he would be interested if it came on the market and that
+he had the support of two international banks if he decided
+such a purchase might be worthwhile.
+    In the magazine article, he suggested that if brewing
+profits were calculated to be in the region of 80 mln punts,
+the asking price would not be higher than 800 mln punts.
+    "A multiple of ten times earnings would be the top whack for
+the brewing division in the current Guinness situation," he
+said.
+    "This would mean an expensive exercise, right on the edge,
+but not impossible," he added.
+    The deal would mean buying the Dublin, London, Nigerian and
+Malaysian breweries because "It could only be sold as an
+integral unit if it was going to be sold at all," O'Reilly said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16303" NEWID="983">
+<DATE> 3-MAR-1987 09:01:24.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0232&#31;reute
+u f BC-EQUATORIAL-COMMUNICAT   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUATORIAL COMMUNICATIONS &lt;EQUA> TO HAVE LOSSES</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., March 3 - </DATELINE><BODY>Equatorial Communications
+Co said it expects to report losses of about 57 mln dlrs for
+the fourth quarter and 68 mln dlrs for the full year 1986 on
+revenues of about 10 mln dlrs for the quarter and 52 mln dlrs
+for the year.
+    Equatorial said the losses will include a charge of about
+45 mln dlrs from costs associated with the restructuring of its
+business, including adjustments to reflect the market value of
+transponders owned and leased by Equatorial and other reserves
+for inventory, receivables and excess facilities.
+    Equatorial said the fourth quarter operating results will
+also include restructuring costs of about 5,500,000 dlrs, in
+addition to the 45 mln dlr charge.
+    Equitorial also said that as of March One it is operating
+in technical default under its lease of transponders on the
+Galaxy III satellite due to its inabiliuty to maintain
+agreed-upon financial ratios.  It said it is in talks with the
+lessors in an attempt to restructure lease obligations.
+    Further, Equitorial said it is in default of two other
+oblitations in connection with the purchase or lease of
+transponders as a result of cross-default provisions.
+    Equatorial said it has signed a memorandum of understanding
+for Contel Corp &lt;CTC> to purchase 10 mln dlrs of Equatorial
+master earth stations, micro earth stations and associated
+equipment and loan Equatorial six mln dlrs over a six-month
+period for repayment starting in December 1988.
+    The company said Conteol, under the agreement, would assume
+a portion of Equatorial's rights and obligations under the
+Galaxy III transponder lease with &lt;Burnham Leasing> on the
+occurrence of certain events.
+    Equatorial said it would grant Contel an option to buy
+about 3,600,000 common shares at 3.25 dlrs each.
+    Equatorial said its understandings with Contel are subject
+to Equatorial's ability to restructure a significant portion of
+its obligations and to obtain concessions from lenders and
+lessors, in particular under its Galaxy III transponder lease.
+It said it hopes to finalize a Contel agreement by April 15.
+    Equatorial in 1985 earned 1,807,000 dlrs after a 3,197,000
+dlr gain from early debt retirement on revenues of 56.1 mln
+dlrs. For the first nine months of 1986, the company lost
+9,476,000 dlrs on revenues of 45.4 mln dlrs, compared with a
+1,784,000 dlr profit after the early retirement gain on
+revenues of 38.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16304" NEWID="984">
+<DATE> 3-MAR-1987 09:01:33.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0233&#31;reute
+u f BC-TRANSAMERICA-&lt;TA>-TO   03-03 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICA &lt;TA> TO HAVE AUSTRALIAN SALE GAIN</TITLE>
+<DATELINE>    LOS ANGELES, March 3 - </DATELINE><BODY>Transamerica Corp said it will have
+an after-tax gain of about 10 mln U.S. dlrs on the sale of its
+Occidental Life Insurance Co of Australia Ltd affiliate to
+&lt;Pratt and Co Financial Services Pty Ltd> of Melbourne for 105
+mln Australian dlrs.
+    The sale was announced earlier today in Australia. Proceeds
+will be used to enhance the growth of North American operations
+of its Transamerica Occidental Life subsidiary, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16305" NEWID="985">
+<DATE> 3-MAR-1987 09:02:56.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0238&#31;reute
+f f BC-******VIACOM-INTERNAT   03-03 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VIACOM INTERNATIONAL INC GETS ANOTHER NEW NATIONAL AMUSEMENTS BID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16306" NEWID="986">
+<DATE> 3-MAR-1987 09:03:03.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0239&#31;reute
+b f BC-/F.W.-WOOLWORTH-CO-&lt;Z   03-03 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>F.W. WOOLWORTH CO &lt;Z> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    NEW YORK, March 3 -
+    </DATELINE><BODY>Shr 1.78 dlrs vs 1.64 dlrs
+    Net 117 mln vs 106 mln
+    Sales 2.02 billion vs 1.85 billion
+    Avg shrs 65.6 mln vs 63.9 mln
+    Year
+    Shr 3.25 dlrs vs 2.75 dlrs
+    Net 214 mln vs 177 mln
+    Sales 6.50 billion vs 5.96 billion
+    Avg shrs 65.6 mln vs 63.9 mln
+    NOTE: Share data restated to reflect two for one stock
+split in May 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16307" NEWID="987">
+<DATE> 3-MAR-1987 09:04:38.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0244&#31;reute
+u f BC-GM-(GM)-CUTTING-SALAR   03-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM>  CUTTING SALARIED MERIT RAISES</TITLE>
+<DATELINE>    DETROIT, March 3 - </DATELINE><BODY>General Motors Corp told employees it
+was reducing the funds available for merit-raises for 109,000
+salaried workers.
+    GM, which has been taking wide-ranging steps to cut costs,
+said in a letter it cut the amount available for raises to 3.5
+pct of the payroll from 5.5 pct in 1986.
+    The letter also said raises will be given in one annual
+lump-sum payment from April rather than being folded into
+salaries and thus increasing the base for benefit payments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16308" NEWID="988">
+<DATE> 3-MAR-1987 09:05:16.76</DATE>
+<TOPICS><D>earn</D><D>crude</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0245&#31;reute
+d f BC-BP-OIL-RAISES-OPERATI   03-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP OIL RAISES OPERATING PROFIT</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>&lt;BP Oil Ltd>, the U.K. Marketing and
+refining arm of British Petroleum Co Plc &lt;BP.L>, raised its
+pretax operating profit on a replacement cost basis to 182 mln
+stg in calendar 1986, compared with 66 mln stg in 1985.
+    Sales and operating revenue fell to 3.1 billion stg from
+4.2 billion on a replacement cost basis. Historical cost
+operating profit was 61 mln stg, up from 16 mln.
+    BP Oil said 1985 profits had been depressed by exceptional
+items. Its profit figures were stated before interest charges.
+    Chief executive David Kendall said improved results
+mirrored benefits of a restructuring program undertaken in
+recent years.
+    However, he warned future financial pressure on the
+industry will be severe.
+    "The U.K. Oil marketing and refining industry will need to
+invest larger sums - probably around 500 mln stg a year - for a
+good many years," he said in a statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16309" NEWID="989">
+<DATE> 3-MAR-1987 09:06:48.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0247&#31;reute
+u f BC-CANADA-REVEALS-PRICES   03-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA PRICES 1.2 BILLION DLR BOND ISSUE</TITLE>
+<DATELINE>    OTTAWA, March 3 - </DATELINE><BODY>The finance department announced the new
+1.2 billion dlr, four-part bond issue, to be dated March 15 and
+delivered March 16, will be priced as follows.
+    - 8 pct bonds due July 1, 1990 at a price of 100.30 pct
+todmpB]w about 7.89 pct to maturity
+    - 8-1/4 pct bonds due March 1, 1994 at a price of 100.25
+pct to yield about 8.20 pct to maturity.
+    - 8-1/4 pct bonds due March 1, 1997 at a price of 99.50 pct
+to yield about 8.32 pct to maturity.
+    - 8-1/2 pct bonds due June 1, 2011 at a price of 98.625 pct
+to yield about 8.63 pct to maturity.
+    The 2011 maturity will be issued to a maximum of 375 mln
+dlrs.
+    The Bank of Canada will buy 100 mln dlrs of the new issue,
+including a minimum of 10 mln dlrs of the 2011 maturity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16310" NEWID="990">
+<DATE> 3-MAR-1987 09:10:15.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0257&#31;reute
+d f BC-EARTHQUAKES-CONTINUE   03-03 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EARTHQUAKES CONTINUE IN NORTHERN NEW ZEALAND</TITLE>
+<DATELINE>    WELLINGTON, March 3 - </DATELINE><BODY>Earthquakes and aftershocks are still
+shaking areas of northern New Zealand following yesterday's
+strong tremor which left 3,000 people homeless.
+    Four earthquakes measuring up to 4.5 on the Richter scale
+have hit the Bay of Plenty and Waikato region in the north-east
+since midnight yesterday (1200 GMT).
+    No casualties have been reported and no further major
+damage, civil defence sources said.
+    A government seismologist said from Rotorua in the North
+Island some five tremors were being recorded every 10 minutes.
+    The seismologist said if the pattern of other large
+earthquakes was followed the shocks would continue for one to
+several weeks, declining in frequency and magnitude. But the
+chance of a further large shock could not be ruled out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16311" NEWID="991">
+<DATE> 3-MAR-1987 09:12:40.55</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T C
+&#22;&#22;&#1;f0265&#31;reute
+r f BC-U.S.-ASKS-JAPAN-TO-EN   03-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ASKS JAPAN END AGRICULTURE IMPORT CONTROLS</TITLE>
+<DATELINE>    TOKYO, March 3 - </DATELINE><BODY>The U.S. Wants Japan to eliminate import
+controls on agricultural products within three years, visiting
+U.S. Under-Secretary of State for Economic Affairs Allen Wallis
+told Eishiro Saito, Chairman of the Federation of Economic
+Organisations (Keidanren), a spokesman for Keidanren said.
+    The spokesman quoted Wallis as saying drastic measures
+would be needed to stave off protectionist legislation by
+Congress.
+    Wallis, who is attending a sub-cabinet-level bilateral
+trade meeting, made the remark yesterday in talks with Saito.
+    Wallis was quoted as saying the Reagan Administration wants
+Japanese cooperation so the White House can ensure any U.S.
+Trade bill is a moderate one, rather than containing
+retaliatory measures or antagonising any particular country.
+    He was also quoted as saying the U.S. Would be pleased were
+Japan to halve restrictions on agricultural imports within five
+years if the country cannot cope with abolition within three,
+the spokesman said.
+    Japan currently restricts imports of 22 agricultural
+products. A ban on rice imports triggered recent U.S.
+Complaints about Japan's agricultural policy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16312" NEWID="992">
+<DATE> 3-MAR-1987 09:13:24.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0267&#31;reute
+r f BC-QT8900   03-03 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FINANCIAL ANALYSTS - March 3</TITLE>
+<DATELINE> Wilcox/Gibbs - </DATELINE><BODY>New York
+ Sarich Technologies Trust - New York
+ Health Management Associates - New York
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16313" NEWID="993">
+<DATE> 3-MAR-1987 09:13:27.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0268&#31;reute
+r f BC-QT8902   03-03 0011</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. DIVIDEND MEETINGS - MARCH 3
+ Mickelberry Corp
+ Premier Industrial
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16314" NEWID="994">
+<DATE> 3-MAR-1987 09:13:32.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0269&#31;reute
+r f BC-U.S.-SHAREHOLDER-MEET   03-03 0008</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. SHAREHOLDER MEETINGS - MARCH 3
+ None Reportedd
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16315" NEWID="995">
+<DATE> 3-MAR-1987 09:14:40.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0272&#31;reute
+r f BC-FIRSTCORP-&lt;FCR>-SEES   03-03 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRSTCORP &lt;FCR> SEES GAIN ON CONDEMNATION</TITLE>
+<DATELINE>    RALEIGH, N.C., March 3 - </DATELINE><BODY>Firstcorp Inc said it weill report
+an after-tax gain of 1,827,000 dlrs or 56 cts per share primary
+and 42 cts fully diluted from the proposed condemnation and
+acquisition of a parking deck it operates by Wake County.
+    The company said if it reinvested proceeds in a similar
+property within 24 months, the gain on the sale would be
+deferred for tax purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" CSECS="539010540" OLDID="16316" NEWID="996">
+<DATE>3-MAR-1987  09:15:05.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0274&#31;reute
+r f BC-ASHTON-TATE-&lt;TATE>-TO   03-03 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASHTON-TATE &lt;TATE> TO OFFER COMMON SHARES</TITLE>
+<DATELINE>    TORRANCE, Calif., March 3 - </DATELINE><BODY>Ashton-Tate said it intends to
+file for an offering of about two mln shares within the next 30
+days.
+    It said proceeds would be used for working capital and
+other general corporate purposes, including the possible
+acquisition of other businesses or additional technology.
+    Ashton-Tate now has about 23.6 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16317" NEWID="997">
+<DATE> 3-MAR-1987 09:15:33.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0275&#31;reute
+r f BC-KEYCORP-&lt;KEY>-REGISTE   03-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEYCORP &lt;KEY> REGISTERS SUBORDINATED NOTES</TITLE>
+<DATELINE>    ALBANY, N.Y., Marc 3 - </DATELINE><BODY>KeyCorp said it has filed with the
+Securities and Exchange Commission for the offering of 75 mln
+dlrs of subordinated capital notes due March 1, 1999.
+    The company said it is anticipated the notes will be
+offered this week through underwriters led by First Boston
+Corp.
+    Proceeds will be used for general corporate purposes,
+including the acquisition of &lt;Seattle Trust and Savings Bank>,
+which is scheduled for July one, KeyCorp said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16318" NEWID="998">
+<DATE> 3-MAR-1987 09:15:47.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0276&#31;reute
+r f BC-nat'l-sea-productsltd   03-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NATIONAL SEA PRODUCTS LTD> 4TH QTR NET</TITLE>
+<DATELINE>    HALIFAX, Nova Scotia, March 3 -
+    </DATELINE><BODY>Oper shr 43 cts vs 21 cts
+    Oper net 6,846,000 vs 3,386,000
+    Revs 137.1 mln vs 107.6 mln
+    Year
+    Oper shr 1.36 dlrs vs 42 cts
+    Oper net 21,764,000 vs 7,239,000
+    Revs 516.4 mln vs 454.7 mln
+    Note: 1986 qtr excludes extraordinary gain of 784,000 dlrs
+or five cts share, versus extraordinary loss of 110,000 dlrs or
+shr nil in 1985 qtr
+    Note continued: 1986 year excludes extraordinary gain of
+14,360,000 dlrs or 94 cts share, versus extraordinary gain of
+2,883,000 dlrs or 19 cts share in prior year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16319" NEWID="999">
+<DATE> 3-MAR-1987 09:16:02.85</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0277&#31;reute
+b f BC-U.K.-MONEY-MARKET-SHO   03-03 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The Bank of England said it had revised
+its forecast of the shortage in the money market down to 450
+mln stg before taking account of its morning operations. At
+noon the bank had estimated the shortfall at 500 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16320" NEWID="1000">
+<DATE> 3-MAR-1987 09:17:32.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0284&#31;reute
+b f BC-/NATIONAL-AMUSEMENTS   03-03 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL AMUSEMENTS AGAIN UPS VIACOM &lt;VIA> BID</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Viacom International Inc said &lt;National
+Amusements Inc> has again raised the value of its offer for
+Viacom's publicly held stock.
+    The company said the special committee of its board plans
+to meet later today to consider this offer and the one
+submitted March one by &lt;MCV Holdings Inc>.
+    A spokeswoman was unable to say if the committee met as
+planned yesterday.
+    Viacom said National Amusements' Arsenal Holdings Inc
+subsidiary has raised the amount of cash it is offering for
+each Viacom share by 75 cts to 42.75 dlrs while the value of
+the fraction of a share of exchangeable Arsenal Holdings
+preferred to be included was raised 25 cts to 7.75 dlrs.
+    National Amusements already owns 19.6 pct of Viacom's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-001.sgm b/textClassication/reuters21578/reut2-001.sgm
new file mode 100644
index 0000000..c65f80c
--- /dev/null
+++ b/textClassication/reuters21578/reut2-001.sgm
@@ -0,0 +1,31436 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16321" NEWID="1001">
+<DATE> 3-MAR-1987 09:18:21.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T
+&#22;&#22;&#1;f0288&#31;reute
+d f BC-SANDOZ-PLANS-WEEDKILL   03-03 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANDOZ PLANS WEEDKILLER JOINT VENTURE IN USSR</TITLE>
+<DATELINE>    BASLE, March 3 - </DATELINE><BODY>Sandoz AG said it planned a joint venture
+to produce herbicides in the Soviet Union.
+    The company said it had signed a letter of intent with the
+Soviet Ministry of Fertiliser Production to form the first
+foreign joint venture the ministry had undertaken since the
+Soviet Union allowed Western firms to enter into joint ventures
+two months ago.
+    The ministry and Sandoz will each have a 50 pct stake, but
+a company spokeswoman was unable to give details of the size of
+investment or planned output.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16322" NEWID="1002">
+<DATE> 3-MAR-1987 09:19:31.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0295&#31;reute
+d f BC-TAIWAN-REJECTS-TEXTIL   03-03 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN REJECTS TEXTILE MAKERS EXCHANGE RATE PLEA</TITLE>
+<DATELINE>    TAIPEI, March 3 - </DATELINE><BODY>Central bank governor Chang Chi-cheng
+rejected a request by textile makers to halt the rise of the
+Taiwan dollar against the U.S. Dollar to stop them losing
+orders to South Korea, Hong Kong and Singapore, a spokesman for
+the Taiwan Textile Federation said.
+    He quoted Chang as telling representatives of 19 textile
+associations last Saturday the government could not fix the
+Taiwan dollar exchange rate at 35 to one U.S. Dollar due to
+U.S. Pressure for an appreciation of the local currency.
+    The Federation asked the government on February 19 to hold
+the exchange rate at that level.
+    The federation said in its request that many local textile
+exporters were operating without profit and would go out of
+business if the rate continued to fall.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16323" NEWID="1003">
+<DATE> 3-MAR-1987 09:20:23.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0296&#31;reute
+d f BC-NATIONAL-FSI-INC-&lt;NFS   03-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL FSI INC &lt;NFSI> 4TH QTR LOSS</TITLE>
+<DATELINE>    DALLAS, March 3 -
+    </DATELINE><BODY>Shr loss six cts vs profit 19 cts
+    Net loss 166,000 vs profit 580,000
+    Revs 3,772,000 vs 5,545,000
+    Year
+    Shr loss 13 cts vs profit 52 cts
+    Net loss 391,000 vs profit 1,425,000
+    Revs 15.4 mln vs 16.6 mln
+    NOTE: 1985 year figures pro forma for purchase accounting
+adjustments resulting from March 1985 reeacquisition of company
+by its original shareholders before August 1985 initial public
+offering. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16324" NEWID="1004">
+<DATE> 3-MAR-1987 09:21:39.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0301&#31;reute
+r f BC-OCCIDENTAL-&lt;OXY>-OFFI   03-03 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> OFFICIAL RESIGNS</TITLE>
+<DATELINE>    LOMBARD, Ill., March 3 - </DATELINE><BODY>MidCon Corp, a subsidiary of
+Occidental Petroleum Corp &lt;OXY>, said William C. Terpstra has
+resigned as president and chief operating officer and his
+reponsibilities will be assumed by MidCon chairman O.C. Davis.
+    No reason was given.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16325" NEWID="1005">
+<DATE> 3-MAR-1987 09:25:48.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0308&#31;reute
+u f BC-ITALY'S-BNL-TO-ISSUE   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S BNL TO ISSUE 120 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    ROME, March 3 - </DATELINE><BODY>Italy's state-owned &lt;Banca Nazionale del
+Lavoro - BNL> said it would issue 120 mln dlrs of five-year
+convertible eurobonds, an operation to be lead-managed by
+&lt;Credit Suisse-First Boston Ltd>.
+    BNL president Nerio Nesi told a news conference that the
+issue, to be placed on the main international markets and
+listed in Luxembourg, would be the first equity linked issue by
+an Italian bank on the Euromarket.
+    BNL officials said the issue is scheduled for mid-March and
+additional financial details were not immediately available.
+    They said the operation would be through the issue of
+depositary receipts by BNL's London branch. They said the bonds
+would carry warrants issued by its &lt;Efibanca> subsidiary and
+convertible into BNL saving shares within five years.
+    The officials said a banking consortium led by Credit
+Suisse-First Boston would at the same time arrange for the
+private placing of an unspecified number of BNL savings shares
+with foreign institutional investors.
+    The operation was to further its aim of obtaining a listing
+on foreign stock exchanges with a view to future capital
+increases through ordinary share issues, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16326" NEWID="1006">
+<DATE> 3-MAR-1987 09:27:51.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0313&#31;reute
+u f BC-GE-&lt;GE>-SAYS-AMR-&lt;AMR   03-03 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> SAYS AMR &lt;AMR> ORDER WORTH 650 MLN DLRS</TITLE>
+<DATELINE>    EVENDALE, Ohio, March 3 - </DATELINE><BODY>General Electric Co said AMR
+Corp's oprder of GE CFG-80C2 engines to power 25 new &lt;Airbus
+Industrie> A300-600R and 15 Boeing Co &lt;BA> 767-300ER twinjets
+is worth over 650 mln dlrs.
+    The company said the order is the largest single one it has
+ever received for commercial aircraft engines.
+    AMR announced the order earlier today.
+    GE said deliveries will start in early 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16327" NEWID="1007">
+<DATE> 3-MAR-1987 09:30:07.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0314&#31;reute
+r f BC-precambrian-shield   03-03 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PRECAMBRIAN SHIELD RESOURCES LTD> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 3 -
+    </DATELINE><BODY>Shr loss 1.93 dlrs vs profit 16 cts
+    Net loss 53,412,000 vs profit 4,479,000
+    Revs 24.8 mln vs 32.7 mln
+    Note: 1986 shr and net include 51,187,000 dlr writedown on
+U.S. operations, uneconomic coal operations and other mineral
+properties
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16328" NEWID="1008">
+<DATE> 3-MAR-1987 09:30:48.45</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0316&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 437 MLN STG HELP</TITLE>
+<DATELINE> LONDON, March 3 - </DATELINE><BODY>The Bank of England said it had provided the
+money market with a further 437 mln stg assistance in the
+afternoon session. This brings the Bank's total help so far
+today to 461 mln stg and compares with its revised shortage
+forecast of 450 mln stg.
+    The central bank made purchases of bank bills outright
+comprising 120 mln stg in band one at 10-7/8 pct and 315 mln
+stg in band two at 10-13/16 pct.
+    In addition, it also bought two mln stg of treasury bills
+in band two at 10-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16329" NEWID="1009">
+<DATE> 3-MAR-1987 09:32:34.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0323&#31;reute
+d f BC-GREASE-MONKEY-HOLDING   03-03 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREASE MONKEY HOLDING CORP &lt;GMHC> YEAR NOV 30</TITLE>
+<DATELINE>    DENVER, March 3 -
+    </DATELINE><BODY>Shr nil vs nil
+    Net 130,998 vs 30,732
+    Revs 1,568,941 vs 1,0053,234
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16330" NEWID="1010">
+<DATE> 3-MAR-1987 09:33:32.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0331&#31;reute
+d f BC-ACCEPTANCE-INSURANCE   03-03 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACCEPTANCE INSURANCE HOLDINGS INC &lt;ACPT> YEAR</TITLE>
+<DATELINE>    OMAHA, March 3 -
+    </DATELINE><BODY>Oper shr profit 1.80 dlrs vs loss 2.28 dlrs
+    Oper net profit 2,048,0000 vs loss 1,318,000
+    Revs 25.4 mln vs 12.3 mln
+    Avg shrs 1,135,000 vs 576,000
+    NOTE: Net excludes realized investment gains of 40,000 dlrs
+vs 13,000 dlrs.
+    1986 net excludes 729,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16331" NEWID="1011">
+<DATE> 3-MAR-1987 09:35:03.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0333&#31;reute
+u f BC-MINSTAR-INC-&lt;MNST>-4T   03-03 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINSTAR INC &lt;MNST> 4TH QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 3 -
+    </DATELINE><BODY>Oper shr loss 31 cts vs loss 30 cts
+    Oper net loss 5,429,000 vs loss 5,216,000
+    Revs 257.5 mln vs 243.6 mln
+    Avg shrs 17.5 mln vs 13.5 mln
+    Year
+    Oper shr loss eight cts vs profit 28 cts
+    Oper net loss 1,324,000 vs profit 4,067,000
+    Revs 989.5 mln vs 747.9 mln
+    Avg shrs 17.6 mln vs 15.7 mln
+   
+    NOTE: 1986 operating net loss excludes income from
+discontinued operations equal to 11 cts in the quarter and 66
+cts in the year compared with 1.07 dlrs in the quarter and 1.23
+dlrs in the respective periods of 1985.
+    1986 operating net loss also excludes extraordinary charges
+of 14 cts in the quarter and 54 cts in the year.
+    1985 operating net profit excludes an extraordinary gain of
+47 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16332" NEWID="1012">
+<DATE> 3-MAR-1987 09:37:19.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0338&#31;reute
+u f BC-DAI-ICHI-HOTEL-SWISS   03-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAI-ICHI HOTEL SWISS FRANC NOTES COUPON CUT</TITLE>
+<DATELINE>    ZURICH, March 3 - </DATELINE><BODY>The coupon on Dai-Ichi Hotel Ltd's 50 mln
+Swiss franc issue of five-year notes with equity warrants has
+been cut to 1-5/8 pct from the indicated 1-7/8 pct, lead
+manager Swiss Volksbank said.
+    The warrants have an exercise price of 1,507 yen per share,
+compared with the last traded price of 1,470 yen, it said.
+    The notes are guarantees by Long-Term Credit Bank of Japan
+Ltd. Payment is due on March 25.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16333" NEWID="1013">
+<DATE> 3-MAR-1987 09:37:43.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0339&#31;reute
+r f BC-mark-resources-inc   03-03 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MARK RESOURCES INC> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 3 -
+    </DATELINE><BODY>Shr not given
+    Loss 54.9 mln
+    Revs 27.2 mln
+    Note: Prior year results not given. 1986 results include
+accounts of 89 pct owned &lt;Precambrian Shield Resources Ltd>,
+acquired November 5, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16334" NEWID="1014">
+<DATE> 3-MAR-1987 09:37:53.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0340&#31;reute
+r f BC-SAAB-SCANIA-ISSUES-15   03-03 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAAB-SCANIA ISSUES 150 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Saab-Scania AB is issuing a 150 mln dlr
+eurobond due April 2, 1992 paying 7-3/4 pct and priced at
+101-3/4 pct, lead manager Morgan Guaranty Ltd said.
+    The bond is available in denominations of 5,000 and 50,000
+dlrs and will be listed in London. Payment date is April 2,
+1992.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct
+management and underwriting combined, and listing will be in
+London.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16335" NEWID="1015">
+<DATE> 3-MAR-1987 09:38:16.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0341&#31;reute
+d f BC-TRANSFORM-LOGIC-&lt;TOOG   03-03 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSFORM LOGIC &lt;TOOG> REVISES RESULTS DOWNWARD</TITLE>
+<DATELINE>    SCOTTSDALE, Ariz., March 3 - </DATELINE><BODY>Transform Logic Corp said it
+has revised downward its previously reported fourth quarter and
+year, ended October 31, results to reflect compensation expense
+for employee stock options.
+    The company said resolution of this disagreement with its
+auditors came as a result of Securities and Exchange Commission
+involvement. The company will amend its option-granting
+procedure to conform to the SEC decision which will eliminate
+future charges, it added.
+    Transform said its fourth quarter profit was revised to
+305,082 dlrs, or two cts a share, from the previously reported
+580,955 dlrs, which left the company with a fiscal 1986 loss of
+249,814 dlrs, or two cts a share, instead of the reported
+26,195 dlrs profit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16336" NEWID="1016">
+<DATE> 3-MAR-1987 09:38:28.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0342&#31;reute
+r f BC-AMERICAN-STORES-&lt;ASC>   03-03 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN STORES &lt;ASC> SEES LOWER YEAR NET</TITLE>
+<DATELINE>    SALT LAKE CITY, March 3 - </DATELINE><BODY>American Stores Co said it
+expects to report earnings per share of 3.70 to 3.85 dlrs per
+share on sales of slightly over 14 billion dlrs for the year
+ended January 31.
+    The supermarket chain earned 4.11 dlrs per share on sales
+of 13.89 billion dlrs last year.
+    The company did not elaborate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16337" NEWID="1017">
+<DATE> 3-MAR-1987 09:38:33.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0343&#31;reute
+r f BC-KASLER-CORP-&lt;KASL>-1S   03-03 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KASLER CORP &lt;KASL> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    SAN BERNARDINO, Calif., March 3 -
+    </DATELINE><BODY>Shr profit three cts vs loss seven cts
+    Net profit 161,000 vs loss 367,000
+    Revs 24.3 mln vs 26.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16338" NEWID="1018">
+<DATE> 3-MAR-1987 09:41:45.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0346&#31;reute
+r f BC-CARIBBEAN-SELECT-&lt;CSE   03-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARIBBEAN SELECT &lt;CSEL> TO REDEEM WARRANTS</TITLE>
+<DATELINE>    TAMPA, Fla., March 3 - </DATELINE><BODY>Caribbean Select Inc said it has
+elected to redeem on April 10 all its Class A warrants and all
+Class B warrants at 0.01 ct each.
+    At the same time, it said its board has decided to reduce
+the exercise price of the Class B warrants to 3.50 dlrs per
+common share from four dlrs to encourage the exercise of the
+warrants.  Each Class B warrant allows the purchase of one
+common share.
+    It said each Class A warrant is still exercisable into one
+common share at two dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16339" NEWID="1019">
+<DATE> 3-MAR-1987 09:45:18.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0356&#31;reute
+d f BC-UNILEVER-HAS-IMPROVED   03-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNILEVER HAS IMPROVED MARGINS, VOLUMES IN 1986</TITLE>
+<DATELINE>    LONDON, MARCH 3 - </DATELINE><BODY>Unilever Plc &lt;UN.A> and NV group reported
+improvements in margins and underlying sales volume growth of
+five pct in 1986 after stripping out the effects of falling
+prices, disposals and currency movements, Unilever Plc chairman
+Michael Angus said.
+    He told reporters that volumes in North America increased
+some 10.5 pct while European consumer goods rose about 2.5 pct
+after being flat for some years.
+    Much of the disposal strategy, aimed at concentrating
+activities on core businesses, had now been completed, he
+noted.
+    But the process of acquisitions would go on, with strategic
+acquisitions taking place "from time to time," he said.
+    The company earlier reported a 20 pct rise in pre-tax
+profits for 1986 to 1.14 billion stg from 953 mln previously.
+In guilder terms, however, profits at the pre-tax level dropped
+three pct to 3.69 billion from 3.81 billion.
+    Angus said the recent purchase of Chesebrough-Pond's Inc
+&lt;CBM.N> for 72.50 dlrs a share was unlikely to bring any
+earnings dilution.
+    However, it would not add much to profits, with much of the
+company's operating profits paying for the acquisition costs.
+    Finance director Niall Fitzgerald added that while gearing
+- debt to equity plus debt - rose to about 60 pct at end 1986
+from 35 pct last year, this was expected to drop back to about
+40 pct by end-1987.
+    The same divergence was made in full year dividend, with
+Unilever NV's rising 3.4 pct to 15.33 guilders and Unilever
+Plc's increasing 29.9 pct to 50.17p, approximately in line with
+the change in attributable profit.
+    Angus said the prospectus for the sale of parts of
+Chesebrough was due to be published shortly. However, he said
+that there was no target date for completing the process.
+    He also declined to say what sort of sum Unilever hoped to
+realise from the operation, beyond noting that Chesebrough had
+paid around 1.25 billion dlrs for Stauffer Chemical Co, which
+operates outside Unilever's core activities.
+    In the U.S., Organic growth from the Lipton Foods business,
+considerable expansion in the household products business and
+in margarine had been behind the overall sales increase.
+    However, he noted that the U.S. Household products business
+had turned in a planned loss, with fourth quarter performance
+better than expected despite the anticipated heavy launch costs
+of its Surf detergents.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16340" NEWID="1020">
+<DATE> 3-MAR-1987 09:45:29.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0357&#31;reute
+r f BC-SARA-LEE-&lt;SLE>-TO-BUY   03-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SARA LEE &lt;SLE> TO BUY 34 PCT OF DIM</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Sara Lee Corp said it agreed to buy a 34
+pct interest in Paris-based DIM S.A., a subsidiary of BIC S.A.,
+at a cost of about 84 mln dlrs.
+    DIM S.A., a hosiery manufacturer, had 1985 sales of about
+260 mln dlrs.
+    The investment includes the purchase of 360,537 newly
+issued DIM shares valued at about 51 mln dlrs and a loan of
+about 33 mln dlrs, it said. The loan is convertible into an
+additional 229,463 DIM shares, it noted.
+    The proposed agreement is subject to approval by the French
+government, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16341" NEWID="1021">
+<DATE> 3-MAR-1987 09:45:54.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0358&#31;reute
+r f BC-HOLIDAY-CORP-&lt;HIA>-HO   03-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLIDAY CORP &lt;HIA> HOTEL GROUP ADDS PROPERTIES</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 3 - </DATELINE><BODY>Holiday Corp's Holiday Inn Hotel
+Group said it will add a record 17 hotels with 4,440 rooms to
+its international division as part of its plan to double its
+presence abroad by 1995.
+    The company said its international division will reach
+50,000 rooms by this spring, classifying it as the eighth
+largest hotel chain in the world. Holiday said by the end of
+the year, there will be approximately 220 Holiday Inn hotels in
+54 countries.
+    The company said it plans to expand from 28 to 55 hotels in
+its Asia/Pacific region and to 192 in its Europe/Middle
+East/Africa regionby 1995.
+    For 1987, the hotel group will focus on expansion on
+Western Europe and Asia, citing China as an untapped source for
+the international lodging industry.
+    Holiday also said it will concentrate on city center hotels
+in key destination cities in Western Europe, catering primarily
+to business travelers.
+    Some of those cities where Holiday said it will open new
+properties this year include Amsterdam, Lyon/Atlas and Lisbon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16342" NEWID="1022">
+<DATE> 3-MAR-1987 09:46:36.82</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T M C
+&#22;&#22;&#1;f0360&#31;reute
+r f BC-CHINA-CALLS-FOR-BETTE   03-03 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA CALLS FOR BETTER TRADE DEAL WITH U.S.</TITLE>
+<DATELINE>    PEKING, March 3 - </DATELINE><BODY>China called on the United States to
+remove curbs on its exports, to give it favourable trading
+status and ease restrictions on exports of high technology.
+    But the U.S. Embassy replied that Chinese figures showing
+13 years of trade deficits with the U.S. Out of the last 15 are
+inaccurate and said Peking itself would have to persuade
+Congress to change laws which limit its exports.
+    The official International Business newspaper today
+published China's demands in a  editorial to coincide with the
+visit of U.S. Secretary of State George Shultz.
+    "It is extremely important that the U.S. Market reduce its
+restrictions on Chinese imports, provide the needed facilities
+for them and businessmen from both sides help to expand Chinese
+exports," the editorial said.
+    "The U.S. Should quickly discard its prejudice against
+favourable tariff treatment for Chinese goods and admit China
+into the Generalised System of Preference (GSP).
+    "Despite easing of curbs on U.S. Technology exports in
+recent years, control of them is still extremely strict and
+influences normal trade between the two countries," it added.
+    The paper also printed an article by China's commercial
+counsellor in its Washington embassy, Chen Shibiao, who said
+that "all kinds of difficulties and restrictions" were preventing
+bilateral trade fulfilling its full potential.
+    He named them as U.S. Protectionist behaviour, curbs on
+technology transfer and out-of-date trade legislation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16343" NEWID="1023">
+<DATE> 3-MAR-1987 09:46:55.59</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0361&#31;reute
+u f BC-/U.S.-COMMERCE-SECRET   03-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COMMERCE SECRETARY SAYS EXPORT RISE NEEDED</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+said after the release of a sharply lower January leading
+indicator index that a pickup in exports is needed.
+    "The best tonic for the economy now would be a pickup in net
+exports," he said in a statement after the department reported
+the index fell 1.0 pct in January from December, the sharpest
+drop since a 1.7 pct fall in July, 1984.
+    The main reasons for the January decline after a 2.3 pct
+December rise were declines in building permits, new orders for
+plant and equipment and for consumer and industrial goods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16344" NEWID="1024">
+<DATE> 3-MAR-1987 09:47:47.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0366&#31;reute
+r f BC-precambrian-takes   03-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRECAMBRIAN SHIELD TAKES 51 MLN DLR WRITEDOWN</TITLE>
+<DATELINE>    CALGARY, Alberta, March 3 - </DATELINE><BODY>&lt;Precambrian Shield Resources
+Ltd>, earlier reporting a large loss against year-ago profit,
+said the 1986 loss was mainly due to a 51,187,000 dlr writedown
+on its U.S. operations, uneconomic coal and other mineral
+properties.
+    Precambrian, which is 89 pct owned by &lt;Mark Resources Inc>,
+said it took the writedown in accordance with new Canadian
+Insititute of Chartered Accountants guidelines for full cost
+method accounting by oil and gas companies.
+    Precambrian earlier reported a 1986 loss of 53.4 mln dlrs,
+compared to profit of 4.5 mln dlrs in the prior year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16345" NEWID="1025">
+<DATE> 3-MAR-1987 09:48:24.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0367&#31;reute
+r f BC-AERO-SERVICES-&lt;AEROE>   03-03 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AERO SERVICES &lt;AEROE> GETS NASDAQ EXCEPTION</TITLE>
+<DATELINE>    TETERBORO, N.J., March 3 - </DATELINE><BODY>Aero Services Inc said its
+common stock will continue to be included for quotation in the
+National Association of Securities Dealers' NASDAQ system due
+to an exception from filing requiements, which it failed to
+meet as of January 15.
+    The company said while it believes it can meet conditions
+the NASD imposed for the exception, there can be no assurance
+that it will do so.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16346" NEWID="1026">
+<DATE> 3-MAR-1987 09:49:23.53</DATE>
+<TOPICS><D>coffee</D><D>crude</D></TOPICS>
+<PLACES><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0373&#31;reute
+r f BC-KENYAN-ECONOMY-FACES   03-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENYAN ECONOMY FACES PROBLEMS, PRESIDENT SAYS</TITLE>
+<DATELINE>    NAIROBI, March 3 - </DATELINE><BODY>The Kenyan economy is heading for
+difficult times after a boom last year, and the country must
+tighten its belt to prevent the balance of payments swinging
+too far into deficit, President Daniel Arap Moi said.
+    In a speech at the state opening of parliament, Moi said
+high coffee prices and cheap oil in 1986 led to economic growth
+of five pct, compared with 4.1 pct in 1985.
+    The same factors produced a two billion shilling balance of
+payments surplus and inflation fell to 5.6 pct from 10.7 pct in
+1985, he added.
+    "But both these factors are no longer in our favour ... As a
+result, we cannot expect an increase in foreign exchange
+reserves during the year," he said.
+    The price of coffee, Kenya's main source of foreign
+exchange, fell in London today to about 94 cents a pound from a
+peak of 2.14 dlrs in January 1986.
+    Crude oil, which early last year slipped below 10 dlrs a
+barrel, has since crept back to over 18 dlrs.
+    Moi said the price changes, coupled with a general decline
+in the flow of capital from the rest of the world, made it more
+difficult to finance the government's budget deficit.
+    Kenya was already spending over 27 pct of its budget on
+servicing its debts and last year it was a net exporter of
+capital for the first time in its history, he added.
+    "This is a clear indication that we are entering a difficult
+phase as regards our external debts, and it is imperative that
+we raise the rate of domestic savings and rely less on foreign
+sources to finance our development," he said.
+    "It will be necessary to maintain strict discipline on
+expenditure ... And members of this house will have to take the
+lead in encouraging wananchi (ordinary people) to be more
+frugal in satisfying immediate needs," the president added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16347" NEWID="1027">
+<DATE> 3-MAR-1987 09:49:45.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0375&#31;reute
+r f BC-TRI-STAR-&lt;TRSP>-CHANG   03-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRI-STAR &lt;TRSP> CHANGING FISCAL YEAR</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Tri-Star Pictures Inc said it is
+changing its fiscal year to year ending at the end of February
+from a calendar year to reflect the traditional business cycles
+of its two principal businesses, motion picture distribution
+and motion picture exhibition.
+    It said it expects to file a report for the two-month
+fiscal "year" ended February 28, 1987 by May 28 and to report
+earnings for the new first quarter in June.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16348" NEWID="1028">
+<DATE> 3-MAR-1987 09:50:34.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0378&#31;reute
+u f BC-LIFETIME-&lt;LFT>-TO-MAK   03-03 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFETIME &lt;LFT> TO MAKE ANNOUNCEMENT</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Lifetime Corp said it will make an
+announcement this morning between 1000 EST and 1030 EST.
+    A company spokesman said the company preferred not to
+comment until that time.
+    The American Stock Exchange delayed trading in Lifetime
+shares this morning for news pending.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16349" NEWID="1029">
+<DATE> 3-MAR-1987 09:53:44.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0389&#31;reute
+r f BC-scott's-hospitality   03-03 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT'S HOSPITALITY ACQUIRES CAPITAL FOOD</TITLE>
+<DATELINE>    TORONTO, March 3 - </DATELINE><BODY>&lt;Scott's Hospitality Inc> said it
+acquired all issued shares of Capital Food Services Ltd, of
+Ottawa. Terms were not disclosed.
+    Scott's said Capital Food had 1986 sales of more than 20
+mln dlrs and will continue to operate under its present name
+with existing management.
+    Capital Food provides food services to several Ottawa
+institutions, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16350" NEWID="1030">
+<DATE> 3-MAR-1987 09:57:02.21</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0399&#31;reute
+r f BC-ZIMBABWE-COFFEE-OUTPU   03-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIMBABWE COFFEE OUTPUT SET TO RISE</TITLE>
+<DATELINE>    HARARE, March 3 - </DATELINE><BODY>Zimbabwean coffee output will reach
+13,000 tonnes this year, up on just over 11,000 tonnes produced
+in 1986, the Commercial Coffee Growers Association said.
+    Administrative Executive Robin Taylor told the domestic
+news agency ZIANA that Zimbabwe earned the equivalent of 33 mln
+U.S. Dlrs from coffee exports last year. He would not say how
+much the country would earn in 1987.
+    Taylor said the 173 commercial coffee growers under his
+association had increased production from 5,632 tonnes in 1980
+to more than 11,000 tonnes in l986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16351" NEWID="1031">
+<DATE> 3-MAR-1987 09:58:00.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0401&#31;reute
+r f BC-YANKEE-&lt;YNK>-SWAPS-ST   03-03 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YANKEE &lt;YNK> SWAPS STOCK FOR DEBENTURES</TITLE>
+<DATELINE>    COHASSET, Mass., March 3 - </DATELINE><BODY>Yankee Cos Inc said it has
+acquired 3,916,000 dlrs of 7-1/2 pct convertible subordinated
+debentures due May 15, 1998 of its YFC International Finance NV
+affiliate for 501,807 common shares from an institutional
+investor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16352" NEWID="1032">
+<DATE> 3-MAR-1987 10:00:52.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0408&#31;reute
+d f BC-VIDEO-DISPLAY-&lt;VIDE>   03-03 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIDEO DISPLAY &lt;VIDE> TO SELL CABLE TV UNIT</TITLE>
+<DATELINE>    ATLANTA, March 3 - </DATELINE><BODY>Video Display Corfp said it has reached
+a tentiative agreement to sell its existing cable television
+business for undisclosed terms and expects to report a gain on
+the transaction.  The buyer was not named.
+    The company said it will redeploy its service assets into
+manufacturing and distribution.
+    It said the operations being sold accounted for about five
+pct of revenues for the year ended February 28 and lost money.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16353" NEWID="1033">
+<DATE> 3-MAR-1987 10:00:57.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0409&#31;reute
+d f BC-INTEK-DIVERSIFIED-COR   03-03 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEK DIVERSIFIED CORP &lt;IDCC> 4TH QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 3 -
+    </DATELINE><BODY>Shr three cts vs three cts
+    Net 98,20000 vs 91,898
+    Revs 2,843,520 vs 2,372,457
+    Year
+    Shr 13 cts vs 21 cts
+    Net 401,179 vs 681,374
+    Revs 10.5 mln vs 9,699,535
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16354" NEWID="1034">
+<DATE> 3-MAR-1987 10:01:14.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0410&#31;reute
+d f BC-BERYLLIUM-INT'L-SIGNS   03-03 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERYLLIUM INT'L SIGNS JOINT VENTURE PACT</TITLE>
+<DATELINE>    SALT LAKE CITY, Utah, March 3 - </DATELINE><BODY>&lt;Beryllium International
+Corp> said it has signed a joint venture agreement with Cominco
+American Inc, a unit of Cominco Ltd &lt;CLT>, to develop a
+beryllium mine and processing plant on Beryllium
+International's property in the Topaz Mountains southwest of
+Salt Lake City.
+    Beryllium said as a 49 pct owner of the venture iot would
+be contributing the mine while Cominco, as operator and 51 pct
+owner, would conduct drilling, metallurgical studies, process
+testing and other preliminary work for a feasibility study.
+    Beryllium said the cost of the preliminary work in 1987,
+which will start immediately, should be about 250,000 dlrs to
+300,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16355" NEWID="1035">
+<DATE> 3-MAR-1987 10:01:28.07</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0411&#31;reute
+f f BC-******U.S.-SINGLE-FAM   03-03 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SINGLE-FAMILY HOME SALES FELL 6.8 PCT IN JAN AFTER REVISED 12.1 PCT DEC GAIN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16356" NEWID="1036">
+<DATE> 3-MAR-1987 10:02:11.63</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0415&#31;reute
+b f BC-/U.S.-HOME-SALES-FELL   03-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOME SALES FELL 6.8 PCT IN JANUARY</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Sales of new single-family homes in
+the United States fell 6.8 pct in January from December to a
+seasonally adjusted annual rate of 716,000 units, the Commerce
+Department said.
+    The department revised downward December's sales to a 12.1
+pct rise to 768,000 units from the previously reported 12.7 pct
+increase.
+    The January decline in sales was the largest since last
+October when sales fell 9.3 pct.
+    Before seasonal adjustment, the number of homes actually
+sold in January was 53,000, up from 49,000 in December but down
+from 59,000 in January, 1986.
+    The January fall brought home sales to a level 1.6 pct
+below January, 1986, when they were a seasonally adjusted
+728,000 units.
+    The average price was a record 127,100 dlrs, surpassing the
+previous record 119,100 price set in December.
+    The median price of a home in January reached 100,700 dlrs
+-- the first time the price has exceeded 100,000 dlrs. That
+compared with a median price of 94,600 dlrs in December and
+94,000 dlrs in January a year ago.
+    New homes available on the market in January totaled a
+seasonally adjusted 362,000 units, unchanged from December and
+equal to a 6.3 months' supply.
+    The supply in December was 5.9 months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16357" NEWID="1037">
+<DATE> 3-MAR-1987 10:02:22.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0416&#31;reute
+r f BC-DIMIS-&lt;DMS>-EXTENDS-L   03-03 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIMIS &lt;DMS> EXTENDS LIFE OF WARRANTS BRIEFLY</TITLE>
+<DATELINE>    EATONTOWN, N.J., March 3 - </DATELINE><BODY>Dimis Inc said it has extended
+by five business days the expiration of its common stock
+purchase warrants until March Nine.
+    It said over one mln have already been exercised.  The
+warrants became effective February 17.
+    Holders exercising will receive a new warrant expiring
+March 31 allowing the purchase of half a common share at one
+dlr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16358" NEWID="1038">
+<DATE> 3-MAR-1987 10:05:32.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0441&#31;reute
+r f BC-american-barrick   03-03 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN BARRICK &lt;ABX> UNIT COMPLETES ISSUE</TITLE>
+<DATELINE>    TORONTO, March 3 - </DATELINE><BODY>&lt;American Barrick Resources Corp> said
+wholly owned Barrick Resources (USA) Inc completed the
+previously announced 50 mln U.S. dlr issue of two pct gold
+indexed notes, which are guaranteed by American Barrick.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16359" NEWID="1039">
+<DATE> 3-MAR-1987 10:07:42.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0445&#31;reute
+d f BC-COMMUNITY-BANK-&lt;CBSI>   03-03 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNITY BANK &lt;CBSI> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    SYRACUSE, N.Y., March 3 - </DATELINE><BODY>Community Bank System Inc said it
+has entered into a definitive agreement to acquire Nichols
+Community Bank for 2,800,000 dlrs in common stock.
+    It said subject to approval by Nichols shareholders and
+regulatory authorities, the transaction is expected to be
+completed later this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16360" NEWID="1040">
+<DATE> 3-MAR-1987 10:08:28.26</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0447&#31;reute
+r f BC-BELGIAN-UNEMPLOYMENT   03-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN UNEMPLOYMENT FALLS IN FEBRUARY</TITLE>
+<DATELINE>    BRUSSELS, March 3 - </DATELINE><BODY>Belgian unemployment, based on the
+number of jobless drawing unemployment benefit, fell to 12.1
+pct of the working population at the end of February from 12.6
+pct at the end of January, the National Statistics Office said.
+    The rate compares with 12.4 pct at the end of February
+1986.
+    The total number of jobless stood at 508,392, compared with
+530,587 at the end of January and 521,219 at the end of
+February 1986, the Statistics Office said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16361" NEWID="1041">
+<DATE> 3-MAR-1987 10:12:44.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0456&#31;reute
+r f BC-KODAK-&lt;EK>-HAS-NEW-DA   03-03 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KODAK &lt;EK> HAS NEW DATA STORAGE, USAGE SYSTEMS</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Eastman Kodak Co said it is introducing
+four information technology systems that will be led by today's
+highest-capacity system for data storage and retrieval.
+    The company said information management products will be
+the focus of a multi-mln dlr business-to-business
+communications campaign under the threme "The New Vision of
+Kodak."
+    Noting that it is well-known as a photographic company,
+Kodak said its information technology sales exceeded four
+billion dlrs in 1986. "If the Kodak divisions generating those
+sales were independent, that company would rank among the top
+100 of the Fortune 500," it pointed out.
+    The objective of Kodak's "new vision" communications
+campaign, it added, is to inform others of the company's
+commitment to the business and industrial sector.
+    Kodak said the campaign will focus in part on the
+information management systems unveilded today --
+    -- The Kodak optical disk system 6800 which can store more
+than a terabyte of information (a tillion bytes).
+    - The Kodak KIMS system 5000, a networked information
+management system using optical disks or microfilm or both.
+    -- The Kodak KIMS system 3000, an optical-disk-based system
+that allows users to integrate optical disks into their current
+information management systems.
+    -- The Kodak KIMS system 4500, a microfilm-based,
+computer-assisted system which can be a starter system.
+    Kodak said the optical disy system 6800 is a
+write-once/ready-many-times type its Mass Memory Division will
+market on a limited basis later this year and in quantity in
+1988.
+    Each system 6800 automated disk library can accommodate up
+to 150, 14-inch optical disks. Each disk provides 6.8 gigabytes
+of randomly accessible on-line storage. Thus, Kodak pointed
+out, 150 disks render the more-than-a-terabyte capacity.
+    Kodak said it will begin deliveries of the KIMS system 5000
+in mid-1987. The open-ended and media-independent system 
+allows users to incorporate existing and emerging technologies,
+including erasable optical disks, high-density magnetic media,
+fiber optics and even artificial intelligence, is expected to
+sell in the 700,000 dlr range.
+    Initially this system will come in a 12-inch optical disk
+version which provides data storage and retrieval through a
+disk library with a capacity of up to 121 disks, each storing
+2.6 gigabytes.
+    Kodak said the KIMS system 3000 is the baseline member of
+the family of KIMS systems. Using one or two 12-inch manually
+loaded optical disk drives, it will sell for about 150,000 dlrs
+with deliveries beginning in mid-year.
+    The company said the system 3000 is fulling compatibal with
+the more powerful KIMS system 5000.
+    It said the KIMS system 4500 uses the same hardware and
+software as the system 5000. It will be available in mid-1987
+and sell in the 150,000 dlr range.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16362" NEWID="1042">
+<DATE> 3-MAR-1987 10:14:49.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0467&#31;reute
+r f BC-BANGOR-HYDRO-&lt;BANG>-S   03-03 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGOR HYDRO &lt;BANG> SEEKS RATE CUT</TITLE>
+<DATELINE>    BANGOR, Maine, March 3 - </DATELINE><BODY>Bangor Hydro-Electric Cor said it
+has filed with the Maine Public Utilities Commission (MPUC) for
+a two-stage base rate reduction.
+    Bangor Hydro said the first stage, which could take effect
+on April 1 and would stay effective until the MPUC makes a
+final decision on the filing, could cut revenues by 6.149 mln
+dlrs, or 9.7 pct.
+    The company said lower federal income taxes and lower
+capital costs prompted the filing.
+    The second stage, Bangor Hydro said, effective when the
+MPUC makes a final decision, calls for an additional revenue
+reduction of 712,000 dlrs, or 1.1 pct.
+    Bangor Hydro said, if approved, the cuts would reduce
+residential base rates by 8.5 pct, with 7.5 pct cut by April 1.
+    The utility company also said it is seeking to increase its
+fuel cost adjustment rate by April 1.
+    Bangor said if the increase is approved it could offset
+much of the base rate cut and may cause a net increase in some
+customers' rates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16363" NEWID="1043">
+<DATE> 3-MAR-1987 10:15:06.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0469&#31;reute
+d f BC-BROWNING-FERRIS-&lt;BFI>   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWNING-FERRIS &lt;BFI>WASTE DISPOSAL SITE CLEARED</TITLE>
+<DATELINE>    HOUSTON, March 3 - </DATELINE><BODY>Browning-Ferris Industries Inc said the
+Colorado Department of Health and the U.S. Environmental
+Protection Agency have awarded the company permits to build and
+operate a hazardous waste disposal site near Last Chance, Colo.
+    The company said construction will start this year and take
+about 12 months, costing about 14 to 16 mln dlrs.  It said it
+has already spent 10 mln dlrs on development costs.
+    The site will not accept materials that react rapidly with
+air or water, explosives, shock sensitive materials or
+radioactive wastes, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16365" NEWID="1044">
+<DATE> 3-MAR-1987 10:16:12.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0472&#31;reute
+d f BC-PHARMACIA-AB-&lt;PHAB-ST   03-03 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHARMACIA AB &lt;PHAB ST>  1986 YEAR</TITLE>
+<DATELINE>     STOCKHOLM, March 3 - </DATELINE><BODY>Sales 3.65 billion crowns vs 3.40
+billion.
+     Profit  after financial items 821.2 mln crowns vs 740.2
+mln.
+    The 1986 results include a once-off writedown of 520 mln
+crowns for intangible assets, mainly the know-how paid for in
+the takeover of a number of high-tech companies by the group,
+Pharmacia said.
+    Earnings per share after real tax including the writedown:
+1.94 crowns vs 12.05 crowns.
+    Earnings per share after real tax (not including the
+writedown): 12.38 crowns vs 12.05
+    Earnings per American Depository Receipt (ADR) according to
+U.S. Accounting principles after real tax including the
+writedown): 1.96 crowns vs 9.49 crowns.
+    Earnings per ADR according to U.S. Accounting principles
+after real tax (without the writedown): 9.8 crowns vs 9.49.
+    One ADR represents 0.75 pct of one B Free share in
+Pharmacia.
+    The board proposed a dividend of 1.55 crowns vs 1.25.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" CSECS="539378419" OLDID="16364" NEWID="1045">
+<DATE>3-MAR-1987  10:16:24.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0473&#31;reute
+d f BC-VWR-CORP-&lt;VWRX>-FORMS   03-03 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VWR CORP &lt;VWRX> FORMS NEW UNIT</TITLE>
+<DATELINE>    SEATTLE, March 3 - </DATELINE><BODY>VWR Corp said it has formed a new
+subsidiary, Momentun Textiles, to handle the distribution of
+upholstery fabrics, leathers and naugahyde to contract and
+consumer furniture manufacturers.
+    It said its VWR Textiles and Supplies unit, which had
+handled that business, will continue to distribute non-woven
+textiles, construction fabrics and manufacturing supplies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16366" NEWID="1046">
+<DATE> 3-MAR-1987 10:17:43.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0484&#31;reute
+r f BC-HALLWOOD-GROUP-&lt;HWG>   03-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HALLWOOD GROUP &lt;HWG> OFFICIAL GET SAXON POST</TITLE>
+<DATELINE>    DALLAS, March 3 - </DATELINE><BODY>Saxon Oil Development Partners' Saxon Oil
+Co said its chairman Bill Saxon and chief executive officer
+Steven Saxon have resigned effective immediately.
+    Saxon said Anthony Gumbiner, chairman and chief executive
+officer of The Hallwood Group Inc, succeeds Bill Saxon as
+chairman.
+    Hallwood owns a substantial number of shares of preferred
+stock in Saxon which, if converted into common stock, would
+constitute approximately 37 pct of the company, according to a
+source.
+    Hallwood specializes in bailing out financially troubled
+companies and restructuring their debt, according to the
+source. In exchange sometimes, the group receives a small
+portion of the company's common stock.
+    At times, the group also receives a position in the
+company, as was the case at Saxon, the source explained.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16367" NEWID="1047">
+<DATE> 3-MAR-1987 10:20:45.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0494&#31;reute
+d f BC-PHARMACIA-FORECASTS-H   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHARMACIA FORECASTS HIGHER 1987 EARNINGS</TITLE>
+<DATELINE>    STOCKHOLM, March 3 - </DATELINE><BODY>Pharmacia AB &lt;PHAB ST> forecast
+earnings after financial items of one billion crowns in 1987 vs
+821.2 mln last year on condition that exchange rates remained
+at their present parities.
+    Sales would in such circumstances go up to six billion
+crowns from 3.65 billion in 1986, it said.
+    A weakening Dollar was mainly responsible for a five pct
+negative impact on sales during 1986 which the company blamed
+on currency movements.
+    Last year's results were also badly hit by a once-off
+writedown of 520 mln crowns for intangible assets.
+    The company said mainly this represented the premium the
+group had paid for the know-how of various high-tech firms it
+had taken over.
+    The accounts also showed a financial deficit of 1.87
+billion crowns vs a deficit of 133 mln which was covered partly
+by drawing down company liquidity to 738 mln vs one billion and
+partly by increasing borrowing to 2.23 billion vs 621 mln.
+    Pharmacia said the financial deficit was caused by it
+having used more funds than generated by group operations,
+mainly because of the 1.36 billion it paid in cash for shares
+in LKB-Produkter AB and the assets of Intermedics-Intraocular
+Inc.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16368" NEWID="1048">
+<DATE> 3-MAR-1987 10:23:39.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0504&#31;reute
+d f BC-BERYLLIUM-INT'L-SETS   03-03 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERYLLIUM INT'L SETS JOINT VENTURE WITH COMINCO</TITLE>
+<DATELINE>    SALT LAKE CITY, Utah, March 3 - </DATELINE><BODY>Beryllium International
+Corp said it has signed a joint venture agreement with Cominco
+American Inc, a unit of Cominco Ltd, to develop a beryllium
+mine and processing plant on Beryllium International's property
+in the Topaz Mountains southwest of Salt Lake City.
+    Beryllium said as a 49 pct owner of the venture it would be
+contributing the mine while Cominco, as operator and 51 pct
+owner, would conduct drilling, metallurgical studies, process
+testing, and other preliminary work for a feasibility study.
+    Beryllium said the cost of the preliminary work in 1987,
+which will start immediately, should be about 250,000 dlrs to
+300,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16369" NEWID="1049">
+<DATE> 3-MAR-1987 10:26:35.62</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0508&#31;reute
+f f BC-CANADA-REAL-4TH-QTR-G   03-03 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA REAL 4TH QTR GDP ROSE 1.1 PCT, AFTER 3RD QTR 1.1 PCT RISE - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16370" NEWID="1050">
+<DATE> 3-MAR-1987 10:29:04.26</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0518&#31;reute
+f f BC-CANADA-4TH-QTR-CURREN   03-03 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA 4TH QTR CURRENT ACCOUNT DEFICIT 2.3 BILLION DLRS VS 3RD QTR 1.9 BILLION DEFICIT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16371" NEWID="1051">
+<DATE> 3-MAR-1987 10:29:32.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0519&#31;reute
+h f BC-UNITED-GUARDIAN-&lt;UNIR   03-03 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED-GUARDIAN &lt;UNIR>, &lt;FEDERAL> SIGN CONTRACT</TITLE>
+<DATELINE>    SMITHTOWN, N.Y., March 3 - </DATELINE><BODY>United-Guardian Inc said it
+signed a contract with &lt;Federal Health Corp> covering the
+exclusive marketing of Warexin, a disinfectant for kidney
+dialysis machines, hospital equipment and instruments.
+    Under the contract, United-Guardian said Federal will
+continue to supply Hospal, a subsidiary of &lt;Sandoz Ltd> and
+&lt;Rhone Poulenc S.A.> with all its Warexin requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16372" NEWID="1052">
+<DATE> 3-MAR-1987 10:31:10.05</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0524&#31;reute
+r f BC-MCLEAN-INDUSTRIES-&lt;MI   03-03 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCLEAN INDUSTRIES &lt;MII> UNIT TRANSERS SERVICE</TITLE>
+<DATELINE>    CRANFORD, N.J., March 3 - </DATELINE><BODY>McLean Industries Inc said its
+shipping subsidiary, United States Lines Inc, reached an
+agreement in principle to transfer its South American service
+to American Transport Lines Inc, a subsidiary of &lt;Crowley
+Maritime Corp>.
+    Under the terms of the agreement, United States Lines will
+lease five vessels to American Transport for 15 months with an
+option to extend the period up to 10 years, the company said.
+    In return, U.S. Lines will receive a fixed payment and a
+percentage of revenues for at least three years and possibly as
+long as American Transport utilizes its vessels and conducts
+trade in South America, the company said.
+    The companies will consummate the transactions as soon as
+the required approvals are obtained, McLean said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16373" NEWID="1053">
+<DATE> 3-MAR-1987 10:32:15.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0528&#31;reute
+u f BC-PROXMIRE-VOWS-QUICK-A   03-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROXMIRE VOWS QUICK ACTION ON U.S. BANKING BILL</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Senate Banking Committee Chairman
+William Proxmire said modified legislation to help a federal
+deposit insurance fund and prohibit new limited-service banks
+and thrifts could be ready for a Senate vote in two to three
+weeks.
+    Proxmire said he agreed to demands from committee members
+for a one-year moratorium on granting new business powers
+sought by commercial banks to increase the bill's chances.
+    In its new form, the bill would proscribe regulators from
+granting new powers to banks, Proxmire told reporters after a
+speech to the U.S. League of Savings Institutions.
+    A vote on the bill by the committee is scheduled for
+Thursday. If approved it will go to the full Senate.
+    "I have spoken to the majority leader and he has agreed to
+bring it up promptly on the Senate floor in two or three weeks,"
+Proxmire told the thrift executives.
+    The bill would recapitalize the Federal Savings and Loan
+Insurance Corp fund with 7.5 billion dlrs.
+    It also would prohibit establishment of new nonbank banks
+and nonthrift thrifts, so-called because they provide financial
+services but do not meet the regulatory definition of both
+making loans and receiving deposits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16374" NEWID="1054">
+<DATE> 3-MAR-1987 10:33:48.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0540&#31;reute
+u f BC-lard-consumption   03-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LARD CONSUMPTION IN JANUARY</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>U.S. factory usage of lard in the
+production of both edible and inedible products during January
+totaled 21.3 mln lbs, vs a revised 25.6 mln lbs in December,
+according to Census Bureau figures.
+    In the year-earlier period, usage, which includes
+hydrogenated vegetable and animal fats and other oils in
+process, amounted to 33.3 mln lbs.
+    Usage in January comprised 15.7 mln lbs of edible products
+and 5.6 mln lbs of inedible products.
+    Total lard usage in the 1986/87 marketing season, which
+began October 1, amounted to 104.3 mln lbs, vs 154.2 mln lbs in
+the year-ago period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16375" NEWID="1055">
+<DATE> 3-MAR-1987 10:34:47.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0546&#31;reute
+u f BC-SOCIETE-GENERALE-DUTC   03-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCIETE GENERALE DUTCH UNIT LAUNCHES CD PROGRAMME</TITLE>
+<DATELINE>    AMSTERDAM, March 3 - </DATELINE><BODY>The Amsterdam unit of French bank
+Societe Generale said it is launching a 50-mln guilder, five
+month certificate of deposit programme starting March 6 and
+ending September 7.
+    Denominations will be in one mln guilders. The price is to
+be set on March 4, issue date is March 6 and redemption at par
+is on September 7.
+    Subscriptions are to be placed with Societe Generale,
+Oolders en de Jong C.V or Haighton en Ruth B.V. A global note
+for the issue will be deposited with the Dutch central bank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16376" NEWID="1056">
+<DATE> 3-MAR-1987 10:35:22.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0548&#31;reute
+b f BC-MONY-FUNDING-ISSUES-1   03-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONY FUNDING ISSUES 125 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Mony Funding Inc is issuing a 125 mln dlr
+eurobond due April 7, 1997 paying 8-1/8 pct and priced at
+101-1/2 pct, sole lead manager Citicorp Investment Bank Ltd
+said.
+    The non-callable bond is guaranteed by Mutual Life
+Insurance Co of the U.S. And is available in denominations of
+5,000 dlrs and will be listed in Luxembourg. The selling
+concession is 1-3/8 pct while management and underwriting
+combined pays 5/8 pct.
+    The payment date is April 7.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16377" NEWID="1057">
+<DATE> 3-MAR-1987 10:37:40.72</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0559&#31;reute
+u f BC-SMALL-QUANTITY-OF-U.K   03-03 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMALL QUANTITY OF UK WHEAT SOLD TO HOME MARKET</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>A total of 2,435 tonnes of British
+intervention feed wheat were sold at today's tender for the
+home market out of requests for 3,435 tonnes, the Home Grown
+Cereals Authority, HGCA, said.
+    Price details were not reported.
+    No bids were submitted for intervention barley.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16378" NEWID="1058">
+<DATE> 3-MAR-1987 10:38:18.98</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0564&#31;reute
+f f BC-CANADA-DECEMBER-GDP-U   03-03 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA DECEMBER GDP UP 1.2 PCT AFTER NOVEMBER'S 0.2 PCT FALL - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16379" NEWID="1059">
+<DATE> 3-MAR-1987 10:38:44.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0568&#31;reute
+d f BC-FIRST-FEDERAL-SAVINGS   03-03 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL SAVINGS &lt;FFKZ> YEAR NET</TITLE>
+<DATELINE>    KALAMAZOO, MICH., March 3 -
+    </DATELINE><BODY>Shr 78 cts vs one dlr
+    Net 1,413,000 vs 1,776,000
+    Assets 705.3 mln vs 597.3 mln
+    Deposits 495.6 mln vs 493.9 mln
+    Loans 260.0 mln vs 379.7 mln
+    Qtly div six cts vs six cts prior qtr
+    Pay April 1 
+    Record March 6
+    NOTE: 1986 net includes charges from accounting changes,
+from one-time expenses associated with a proxy contest and an
+increase in loan reserves.
+    First Federal Savings and Loan Association of Kalamazoo is
+full name of company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16380" NEWID="1060">
+<DATE> 3-MAR-1987 10:39:00.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0569&#31;reute
+u f BC-BOEING-&lt;BA>-SAYS-ORDE   03-03 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING &lt;BA> SAYS ORDER WORTH ONE BILLION DLRS</TITLE>
+<DATELINE>    SEATTLE, March 3 - </DATELINE><BODY>Boeing Co said its order for 15
+extended-range 767-300's from AMR Corp &lt;AMR> is worth over one
+billion dlrs.
+    The company said AMR is its first customer for the
+767-300ER twinjet, a derivative of its 767-200 designed for
+increased passenger and cargo capability on flights of up to
+6,600 miles. It said the first delivery is scheduled for
+February 1988 and the jet will seat 215 in tri-class
+configuration.
+    Boeing said it now has orders for 47 767-300's.
+    In New York, &lt;Airbus Industrie> said AMR is also the launch
+customer for its A300-600R widebody.
+    AMR today announced the order of 15 of the Boeing and 25 of
+the Airbus twinjets.
+    Airbus said in AMR's configuration, the A300-600R will seat
+16 in first class and 251 in economy.  Deliveries will be made
+bewtween April 1988 and June 1989.
+    Airbus did not disclose the value of the order.
+    Boeing said AMR will operate the 767's on North Atlantic
+routes, while Airbus said AMR will operate the A300's on
+Caribbean routes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16381" NEWID="1061">
+<DATE> 3-MAR-1987 10:40:22.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0577&#31;reute
+u f BC-INLAND-&lt;IAD>-FILES-FO   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INLAND &lt;IAD> FILES FOR 1.5 MLN SHARES OFF</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Inland Steel Industries Inc said it
+registered with the Securities and Exchange Commission for a
+proposed public offering of 1.5 mln shares of Series C
+cumulative convertible exchangeable preferred shares, 50 dlrs a
+share liquidation value.
+    Goldman Sachs and Co and First Boston Corp are
+underwriters. They have an option to buy 225,000 additional
+shares to cover overallotments.
+    Proceeds are for general corporate purposes, including to
+fund a portion of the investment needed for a continuous cold
+mill joint venture under discussion with Nippon Steel Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16382" NEWID="1062">
+<DATE> 3-MAR-1987 10:40:34.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0579&#31;reute
+r f BC-&lt;ACUSTAR-CORP>-HAS-UN   03-03 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ACUSTAR CORP> HAS UNAUTHORIZED ACCOUNT ACTION</TITLE>
+<DATELINE>    BLOOMINGTON, Minn., March 3 - </DATELINE><BODY>Acustar Corp said it has
+discovered significant unauthorized activity in its corporate
+accounts but has not yet determined the full extent of the
+problem.
+    It said it has requested that all over-the-counter trading
+in its stock be halted until it can make a further
+announcement.  An investigation is underway, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16383" NEWID="1063">
+<DATE> 3-MAR-1987 10:41:05.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0584&#31;reute
+r f BC-TOLL-BROTHERS-INC-&lt;TO   03-03 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOLL BROTHERS INC &lt;TOL> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    HORSHAM, Penn., March 3 -
+    </DATELINE><BODY>Shr 22 cts vs 12 cts
+    Net 3,243,000 vs 1,656,000
+    Revs 28.4 mln vs 21.5 mln
+    NOTE: All amts reflect 3-for-2 stock split of company's
+common in form of 50 pct stock dividend paid Feb 26, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16384" NEWID="1064">
+<DATE> 3-MAR-1987 10:41:11.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0585&#31;reute
+d f BC-UNICORP-AMERICAN-&lt;UAC   03-03 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNICORP AMERICAN &lt;UAC> IN JOINT VENTURE</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Unicorp American Corp said it has
+formed a joint venture with Sybedon Corp, a New York real
+estate investment banking firm, to pursue real estate projects.
+    It said a total of 20 mln dlrs is being committed to the
+joint venture.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16385" NEWID="1065">
+<DATE> 3-MAR-1987 10:41:36.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0589&#31;reute
+s f BC-PILLSBURY-CO-&lt;PSY>-VO   03-03 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PILLSBURY CO &lt;PSY> VOTES QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 3 - 
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior qtr
+    Pay 31 May
+    Record 1 May
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16386" NEWID="1066">
+<DATE> 3-MAR-1987 10:41:41.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0590&#31;reute
+s f BC-BERKSHIRE-GAS-CO-&lt;BGA   03-03 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERKSHIRE GAS CO &lt;BGAS> PAYS REGULAR QTLRY DIV</TITLE>
+<DATELINE>    PITTSFIELD, Mass., March 3 -
+    </DATELINE><BODY>Qtrly div 28.5 cts vs 28.5 cts
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16387" NEWID="1067">
+<DATE> 3-MAR-1987 10:44:50.56</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>uk</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0601&#31;reute
+d f BC-U.K.-WHEAT-AND-BARLEY   03-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. WHEAT AND BARLEY EXPORTS ADJUSTED UPWARDS</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The U.K. Exported 535,460 tonnes of wheat
+and 336,750 tonnes of barley in January, the Home Grown Cereals
+Authority (HGCA) said, quoting adjusted Customs and Excise
+figures.
+    Based on the previous January figures issued on February 9,
+wheat exports increased by nearly 64,000 tonnes and barley by
+about 7,000 tonnes.
+    The new figures bring cumulative wheat exports for the
+period July 1/February 13 to 2.99 mln tonnes, and barley to
+2.96 mln compared with 1.25 and 1.89 mln tonnes respectively a
+year ago.
+    January wheat exports comprised 251,000 tonnes to European
+Community destinations and 284,000 tonnes to third countries.
+    The Soviet Union was prominent in third country
+destinations, taking 167,700 tonnes while Poland was credited
+with 54,500 and South Korea 50,000 tonnes. Italy was the
+largest EC recipient with 75,000 tonnes followed by West
+Germany with 55,200 and France 52,000 tonnes.
+    Barley exports for January comprised 103,700 tonnes to the
+EC and 233,000 to third countries. The Soviet Union was the
+largest single importer with 133,265 tonnes followed by Saudi
+Arabia with 53,800 tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16388" NEWID="1068">
+<DATE> 3-MAR-1987 10:46:56.99</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0609&#31;reute
+b f BC-CANADA-GDP-RISES-3.1   03-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA GDP RISES 3.1 PCT IN 1986</TITLE>
+<DATELINE>    OTTAWA, March 3 - </DATELINE><BODY>Canada's real gross domestic product,
+seasonally adjusted, rose 1.1 pct in the fourth quarter of
+1986, the same as the growth as in the previous quarter,
+Statistics Canada said.
+    That left growth for the full year at 3.1 pct, which is
+down from 1985's four pct increase.
+    The rise was also slightly below the 3.3 pct growth rate
+Finance Minister Michael Wilson predicted for 1986 in
+February's budget. He also forecast GDP would rise 2.8 pct in
+1987.
+    Statistics Canada said final domestic demand rose 0.6 pct
+in the final three months of the year after a 1.0 pct gain in
+the third quarter.
+    Business investment in plant and equipment rose 0.8 pct in
+the fourth quarter, partly reversing the cumulative drop of 5.8
+pct in the two previous quarters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16389" NEWID="1069">
+<DATE> 3-MAR-1987 10:47:04.45</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>ussr</D><D>poland</D><D>czechoslovakia</D><D>romania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0610&#31;reute
+u f BC-EAST-EUROPE-WHEAT-WIN   03-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAST EUROPE WHEAT WINTERKILL POSSIBLE, ACCU SAYS</TITLE>
+<DATELINE>    STATE COLLEGE, Pa., March 3 - </DATELINE><BODY>Winter wheat crops in the
+western Soviet Union, Poland and eastern Czechoslovakia through
+northern Romania may suffer some winterkill over the next two
+nights, private forecaster Accu-Weather Inc said.
+    Western USSR winter wheat areas have had only light and
+spotty snow and winterkill is possible tonight and tomorrow
+night as temperatures drop to minus 10 to 0 degrees F.
+    Snow cover is scant in Poland, with only about 50 pct of
+the winter wheat areas reporting one to two inches of snow as
+of this morning.
+    The remaining 50 pct of winter wheat crops do not have snow
+cover, making winterkill possible on each of the next two
+nights. Lowest temperatures will be minus 10 to 0 degrees F.
+    Winter wheat areas from eastern Czechoslovakia through
+northern Romania had light snow flurries yesterday and last
+night, but amounts were an inch or less. With temperatures
+expected to fall to near 0 degrees F over the next two nights,
+some light winterkill is possible, Accu-Weather added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16390" NEWID="1070">
+<DATE> 3-MAR-1987 10:51:22.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0631&#31;reute
+r f BC-CHARMING-SHOPPES-INC   03-03 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARMING SHOPPES INC &lt;CHRS> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    BENSALEM, Penn., March 3 -
+    </DATELINE><BODY>Shr 28 cts vs 22 cts
+    Net 14 mln vs 10.6 mln
+    Revs 163.8 mln vs 127.3 mln
+    Year
+    Shr 81 cts vs 59 cts
+    Net 40.5 mln vs 28.7 mln
+    Revs 521.2 mln vs 391.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16391" NEWID="1071">
+<DATE> 3-MAR-1987 10:51:40.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0632&#31;reute
+u f BC-PANSOPHIC-SYSTEMS-&lt;PN   03-03 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANSOPHIC SYSTEMS &lt;PNS> SPLITS STOCK 2-FOR-1</TITLE>
+<DATELINE>    OAK BROOK, Ill., March 3 - </DATELINE><BODY>Pansophic Systems Inc said it
+will split its stock two-for-one effective April two to
+shareholders of record March 13.
+    It also said it will pay a six cts per share dividend on
+the pre-split shares, a regular quarterly dividend, on April
+two to shareholders of record March 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16392" NEWID="1072">
+<DATE> 3-MAR-1987 10:53:04.16</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0636&#31;reute
+r f BC-LAC-&lt;LAC>-INTERSECTS   03-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAC &lt;LAC> INTERSECTS MORE GOLD AT DOYON MINE</TITLE>
+<DATELINE>    TORONTO, March 3 - </DATELINE><BODY>Lac Minerals Ltd and &lt;Cambior Inc> said
+they completed a second hole at their jointly owned Doyon mine
+in Quebec, which showed two significant gold intersections.
+    One intersection graded 0.33 ounce gold a short ton over 44
+feet at depth of 1,411 feet, while the other graded 0.22 ounce
+gold a ton over 23 feet at 2,064 feet, the companies said. The
+hole is 460 feet east of the previously reported first hole.
+    They said they were now drilling another hole 460 feet to
+the west of the first drill hole and expected to report results
+in late March or early April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16393" NEWID="1073">
+<DATE> 3-MAR-1987 10:56:04.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0644&#31;reute
+u f BC-AMR-&lt;AMR>-DISCOUNTS-T   03-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMR &lt;AMR> DISCOUNTS TALK ON PAN AM &lt;PN> DEAL</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>AMR Corp chairman Robert Crandall,
+denying industry speculation, said the company is not
+interested in acquiring shuttle routes in the northeast region
+of the U.S. from Pan Am Corp.
+    But in remarks at a press conference announcing a major
+aircraft order, he said AMR would be interested in certain
+other Pan Am assets. But he noted that none had been made
+available.
+    Pan Am earlier today announced an order for 40 new aircraft
+from Boeing Co &lt;BA> and &lt;Airbus Industrie>, a European
+consortium, for an estimated 2.5 billion dlrs.
+    AMR, the parent of American Airlines, has said it is not
+interested in acquiring Pan Am as a whole and Crandall
+reiterated that position today.
+    "Assets are one thing, and companies are another," Crandall
+said, referring to the possibility of acquiring assets from Pan
+Am.
+    He said Pan Am has not offered its transatlantic routes for
+sale, adding that it would not make much sense for them to do
+so.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16394" NEWID="1074">
+<DATE> 3-MAR-1987 10:58:14.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0655&#31;reute
+u f BC-CALMAR-&lt;CLMI>-SEEKS-T   03-03 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALMAR &lt;CLMI> SEEKS TO BE ACQUIRED BY &lt;KEBO AB></TITLE>
+<DATELINE>    WATCHUNG, N.J., March 3 - </DATELINE><BODY>Calmar Inc said KEBOO Ab of
+Sweden, which now owns about 64 pct of Calmark, has approved
+the acquisition of remaining Calmar shares at 25.375 dlrs in
+cash at the request of the Calmar board.
+    Calmar said a special meeting of its board will be held
+March Nine to form a special committee of directors not
+affiliated with KEBO to evaluate the transaction.
+    KEBO is in turn 60 pct owned by &lt;Investment AB Beijar> of
+Sweden.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16395" NEWID="1075">
+<DATE> 3-MAR-1987 10:59:14.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0661&#31;reute
+r f BC-&lt;FRUIT-OF-THE-LOOM-IN   03-03 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRUIT OF THE LOOM INC> INITIAL OFFERING STARTS</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Fruit of the Loom Inc said an initial
+public offering of 27 mln Class A common shares is underway at
+nine dlrs per share through underwriters led by &lt;Drexel Burnham
+Lambert Inc>, Merrill Lynch and Co Inc &lt;MER>, E.F. Hutton Group
+Inc &lt;EFH> and Sears, Roebuck and Co Inc's &lt;S> Dean Witter
+Reynolds Inc unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16396" NEWID="1076">
+<DATE> 3-MAR-1987 11:00:25.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D><D>west-germany</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0664&#31;reute
+u f BC-ITALY'S-BNL-NEGOTIATI   03-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S BNL NEGOTIATING PURCHASE OF GERMAN BANK</TITLE>
+<DATELINE>    ROME, March 3 - </DATELINE><BODY>Italy's state-owned &lt;Banca Nazionale Del
+Lavoro-BNL> said it is negotiating to buy a West German bank as
+part of its foreign expansion policy.
+    BNL president Nerio Nesi told a news conference the Italian
+bank was currently involved in talks but declined to name the
+German institution.
+    He said the takeover move could be seen as BNL's reply to
+Deutsche Bank AG &lt;DBKG.F>, which entered the Italian market in
+December 1986, with the purchase of BankAmerica &lt;BACN>
+subsidiary &lt;Banca D'America e D'Italia>.
+    Nesi said BNL had also approved a 200 mln dlr credit line
+to the Soviet Union aimed at enabling Soviet companies to pay
+for Italian imports. He gave no further details.
+    BNL officials said the group had also decided to increase
+its activities in the Soviet Union by opening a representative
+office in Moscow this month through its subsidiary &lt;Sogecred>,
+which specialises in Italian-Soviet trade.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16397" NEWID="1077">
+<DATE> 3-MAR-1987 11:03:13.11</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0679&#31;reute
+u f BC-THREE-KILLED-IN-SOUTH   03-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THREE KILLED IN SOUTH AFRICA ZINC REFINERY CLASH</TITLE>
+<DATELINE>    JOHANNESBURG, March 3 - </DATELINE><BODY>Three black workers were killed and
+seven injured in fighting at a South African zinc refinery last
+night, Gold Fields of South Africa Ltd said.
+    The company said two groups of workers began attacking each
+other at about 1000 local time with machetes, knives and sticks
+at a hostel at the Zincor plant, some 40 kms east of
+Johannesburg.
+    It said the fighting was "quelled" after 25 minutes by its
+own security staff. Police were called but the fighting had
+ended by the time they arrived.
+    A company spokesman said he had no idea of the cause of the
+fighting. An investigation was underway, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16398" NEWID="1078">
+<DATE> 3-MAR-1987 11:05:14.96</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0687&#31;reute
+b f BC-/-FED-EXPECTED-TO-ADD   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD TEMPORARY RESERVES</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>The Federal Reserve is expected to
+enter the U.S. Government securities market to add temporary
+reserves, economists said.
+    They expect it to supply the reserves indirectly by
+arranging 1.5 to two billion dlrs of customer repurchase
+agreements. The Fed may add the reserves directly instead via
+System repurchases.
+    Federal funds, which averaged 6.18 pct yesterday, opened at
+6-3/16 pct and stayed there in early trading. Analysts said the
+rate is under upward pressure partly from settlement of 8.25
+billion dlrs of five-year Treasury notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16399" NEWID="1079">
+<DATE> 3-MAR-1987 11:06:57.66</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0700&#31;reute
+r f BC-EC-INDUSTRY-OUTPUT-GR   03-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC INDUSTRY OUTPUT GROWTH SLOWS IN 1986</TITLE>
+<DATELINE>    LUXEMBOURG, March 3 - </DATELINE><BODY>European Community industrial output
+increased by an average of around two pct last year, compared
+with 3.3 pct growth recorded in 1985 against a year earlier,
+the EC statistics office Eurostat said.
+    Growth was highest in Portugal at five pct, while in Greece
+output contracted by 0.3 pct, Eurostat said in a statement.
+    Eurostat noted output growth also fell in the U.S. And
+Japan. U.S. Production increased 1.1 pct after 2.0 pct in 1985,
+while in Japan output contracted by 0.5 pct after rising 4.5
+pct a year earlier.
+    Eurostat said EC industrial production in December rose 3.1
+pct compared with 12 months earlier but added that after
+adjustment for seasonal factors, output growth had been clearly
+slowing down since the beginning of the summe
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16400" NEWID="1080">
+<DATE> 3-MAR-1987 11:07:09.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0702&#31;reute
+r f BC-LSB-INDUSTRIES-INC-&lt;L   03-03 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LSB INDUSTRIES INC &lt;LSB> 4TH QTR NET</TITLE>
+<DATELINE>    Oklahoma City, March 3 -
+    </DATELINE><BODY>Shr profit five cts vs loss 2.11 dlrs
+    Net profit 375,061 vs loss 10.4 mln
+    Revs 39.9 mln vs 37.8 mln
+    Avg shrs 6,536,008 vs 4,939,895
+    12 mths
+    Shr profit 47 cts vs loss 3.37 dlrs
+    Net profit 2,837,288 vs loss 16.6 mln
+    Revs 169.1 mln vs 149.4 mln
+    Avg shrs 6,037,640 vs 4,937,378
+    NOTE: primary earnings per share are based on the weighted
+average number of common and dilutive common equivalent shares
+outstanding during each period after accounting for preferred
+stock dividends.
+    The qtr and year 1985 includes a 6,000,000 provision for
+restructuring costs related to the sale of its Energy business
+and parts of its Bearing business.
+    The qtr and year 1986 includes charges of 1,200,000 and
+5,200,000, respectively, for restructuring costs and operating
+losses which were charged against the previously provided
+accruals for restructuring costs.
+    The qtr and year 1986 includes deferred income taxes of
+244,000 and 785,000, respectively.
+    Year net 1986 includes operations of Friedrich Climate
+Master Inc, which the company acquired in August 1985, for the
+full period, while the comparable period for 1985 includes only
+operations from August 16, 1985, to Dec 31, 1985.
+    Third qtr 1986 Includes extraodinary tax gain of 270,000 
+from early extinquishment of certain drafts payable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16401" NEWID="1081">
+<DATE> 3-MAR-1987 11:07:31.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0705&#31;reute
+r f BC-GM-HOPES-FOR-FIVE-FOL   03-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> HOPES FOR FIVE-FOLD RISE IN EUROPEAN SALES</TITLE>
+<DATELINE>    GENEVA, March 3 - </DATELINE><BODY>U.S. Carmaker General Motors hopes to
+sell between 7,000 and 8,000 vehicles in Europe this year, a
+five-fold rise over the year before, James Fry, vice-president
+of GM Overseas Distribution Corporation told a news briefing.
+    "The low dollar makes our prices very attractive," he said at
+a GM preview before the opening of the Geneva Motor Show.
+    "We would like to sell between 7,000 and 8,000 units in
+Europe for the year to August 1987," he told Reuters later.
+Officials said GM sold 1,500 vehicles in the 1986 model year.
+    Fry said that at an average price of 13,000 dlrs, his
+projected sales figures would mean turnover of between 91 mln
+and 104 mln dlrs in Europe.
+    GM sales in Europe in the 1985 model year totalled 500
+vehicles, due largely to uncompetitive prices because of the
+then strong dollar, Fry said.
+    All GM vehicles sold in Europe are manufactured in the
+United States and Canada, he said, adding that most sales were
+in Switzerland followed by Sweden and West Germany.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16402" NEWID="1082">
+<DATE> 3-MAR-1987 11:07:42.14</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0707&#31;reute
+d f BC-MORE-GOLD-DETECTED-AT   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE GOLD DETECTED AT DOYON MINE</TITLE>
+<DATELINE>    TORONTO, March 3 - </DATELINE><BODY>Lac Minerals Ltd and Cambior Inc said
+they completed a second hole at their jointly owned Doyon mine
+in Quebec, which showed two significant gold intersections.
+    One intersection graded 0.33 ounce gold per short ton over
+44 feet at depth of 1,411 feet, while the other graded 0.22
+ounce gold per ton over 23 feet at 2,064 feet, the companies
+said. The hole is 460 feet east of the previously reported
+first hole.
+    Another hole is being drilled 460 feet to the west of the
+first drill hole and results are expected in late March or
+early April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16403" NEWID="1083">
+<DATE> 3-MAR-1987 11:08:06.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0709&#31;reute
+u f BC-PIZZA-INN-&lt;PZA>-TO-MA   03-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIZZA INN &lt;PZA> TO MAKE ANNOUNCEMENT</TITLE>
+<DATELINE>    DALLAS, March 3 - </DATELINE><BODY>Pizza Inn Inc said it will be making an
+announcement sometime this morning.
+    The company declined to discuss details of the
+announcement.
+    The American Stock Exchange delayed trading Pizza Inn
+shares this morning for news pending.
+    Pizza Inn recently received a buyout proposal from Concept
+Development Inc &lt;CDII> for an exchange of stock and cash,
+subject to Concept's ability to get the necessary financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16404" NEWID="1084">
+<DATE> 3-MAR-1987 11:08:29.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0711&#31;reute
+r f BC-GULF-RESOURCES-AND-CH   03-03 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF RESOURCES AND CHEMICAL CORP &lt;GRE> 4TH QTR</TITLE>
+<DATELINE>    BOSTON, March 3 -
+    </DATELINE><BODY>Oper shr profit 34 cts vs loss 53 cts
+    Oper net profit 3,337,000 vs 4,881,000
+    Revs 32.7 mln vs 49.6 mln
+    Year
+    Oper shr profit 20 cts vs loss 90 cts
+    Oper net profit 2,374,000 vs loss 9,381,000
+    Revs 126.9 mln vs 160.5 mln
+    NOTES: Operating net excludes loss 6,050,000 dlrs, or 64
+cts a share, vs loss 24,839,000 dlrs, or 2.61 dlrs a share, in
+quarter and loss 6,050,000 dlrs, or 64 cts a share, vs profit
+64,013,000 dlrs, or 6.27 dlrs a share, from discontinued
+operations
+    1986 loss from discontinued operations includes 6.0 mln
+dlrs charge, equal to 64 cts a share, to provide for additional
+liabilities resulting from the 1981 closure of lead, zinc and
+silver mining, smelting and refining business
+    1986 year operating net includes pre-tax gain of 5.3 mln
+dlrs, equal to 56 cts a share, from pension plan termination
+and gain of 5.2 mln dlrs, or 56 cts a share, from reduction in
+deferred taxes
+    Effective Jan 1, 1987, company changed oil and gas
+accounting to successful efforts from full cost, increasing
+1986 year net 9.2 mln dlrs, or 98 cts a share, and increasing
+1985 loss 4.3 mln dlrs, or 43 cts a share. The cumulative
+effect of the change was to decrease retained earnings at Dec
+31, 1986, by 14.0 mln dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16405" NEWID="1085">
+<DATE> 3-MAR-1987 11:09:05.07</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0713&#31;reute
+u f BC-COFFEE-TALKS-COLLAPSE   03-03 0149</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE TALKS COLLAPSE EASES NEED FOR U.S. BILL</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The collapse of International Coffee
+Organization, ICO, talks on export quotas yesterday removes the
+immediate need to reinstate U.S. legislation allowing the
+customs service to monitor coffee imports, analysts here said.
+    The Reagan administration proposed in trade legislation
+offered Congress last month that authority to monitor coffee
+imports be resumed. That authority lapsed in September 1986. A
+bill also was introduced by Rep. Frank Guarini (D-N.J.).
+    However, the failure of the ICO talks in London to reach
+agreement on export quotas means the U.S. legislation is not
+immediately needed, one analyst said. Earlier supporters of the
+coffee bill hoped it could be passed by Congress quickly.
+    "You're going to have a hard time convincing Congress (now)
+this is an urgent issue," the coffee analyst said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16406" NEWID="1086">
+<DATE> 3-MAR-1987 11:09:39.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0717&#31;reute
+b f BC-SCOTIA-MORTGAGE-ISSUE   03-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTIA MORTGAGE ISSUES 100 MLN CANADIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Scotia Mortgage Corp is issuing a 100 mln
+Canadian dlr eurobond due April 9, 1992 paying 8-3/4 pct and
+priced at 100-3/4 pct, lead manager Wood Gundy Ltd said.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 Canadian dlrs and will be listed in
+Luxembourg. It is guaranteed by the Bank of Nova Scotia. The
+selling concession is 1-1/4 pct, while management pays 1/4 pct
+and underwriting pays 3/8 pct.
+    The payment date is April 8 and there will be a long first
+coupon period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16407" NEWID="1087">
+<DATE> 3-MAR-1987 11:10:29.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0720&#31;reute
+r f BC-PANSOPHIC-SYSTEMS-INC   03-03 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANSOPHIC SYSTEMS INC &lt;PNS> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    OAK BROOK, Ill., March 3 -
+    </DATELINE><BODY>Shr 70 cts vs 56 cts
+    Net 6,197,000 vs 4,880,000
+    Revs 24.1 mln vs 17.1 mln
+    Nine mths
+    Shr 1.38 dlrs vs 1.20 dlrs
+    Net 12.1 mln vs 10.4 mln
+    Revs 52.5 mln vs 41.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16408" NEWID="1088">
+<DATE> 3-MAR-1987 11:10:54.08</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0721&#31;reute
+d f BC-BERGSTEN-URGES-MONETA   03-03 0155</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER TREASURY OFFICIAL URGES CURRENCY REFORMS</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Former Treasury official C. Fred
+Bergsten said a new exchange rate system is needed to replace
+the fixed and flexible exchange rate systems which he said had
+not worked.
+    "I prefer a move to 'target zones' in which the major
+countries would determine ranges of 15-20 pct within which they
+would pledge to hold their exchange rates by direct
+intervention and, as necessary, by changes in monetary and
+other policies," Bergsten, now the director of the Institute
+for International Economics, said in a statement to a House
+Banking subcommittee.
+    "The substantial correction of the exchange rate that has
+occurred since early 1985 is enormously welcome, and should
+produce a sizeable reduction in the U.S. trade deficit this
+year and next, but the imbalance will not fall much below 100
+billion dlrs on present policies, so much more is needed," he
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16409" NEWID="1089">
+<DATE> 3-MAR-1987 11:12:24.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0725&#31;reute
+r f BC-SCOTIA-MORTGAGE-ISSUE   03-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTIA MORTGAGE ISSUES 100 MLN CANADIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Scotia Mortgage Corp is issuing a 100 mln
+Canadian dlr eurobond due April 9, 1992 paying 8-3/4 pct and
+priced at 100-3/4 pct, lead manager Wood Gundy Ltd said.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 Canadian dlrs and will be listed in
+Luxembourg. It is guaranteed by the Bank of Nova Scotia. The
+selling concession is 1-1/4 pct, while management pays 1/4 pct
+and underwriting pays 3/8 pct.
+    The payment date is April 8 and there will be a long first
+coupon period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16410" NEWID="1090">
+<DATE> 3-MAR-1987 11:12:59.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0730&#31;reute
+s f BC-KNUTSON-MORTGAGE-CORP   03-03 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KNUTSON MORTGAGE CORP &lt;KNMC> SETS QUARTERLY</TITLE>
+<DATELINE>    BLOOMINGTON, Minn., March 3 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay April 13
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16411" NEWID="1091">
+<DATE> 3-MAR-1987 11:13:46.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0734&#31;reute
+f f BC-ford-canada   03-03 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORD MOTOR CO OF CANADA LTD 4TH QTR SHR 8.17 DLRS VS 55 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16412" NEWID="1092">
+<DATE> 3-MAR-1987 11:13:55.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0735&#31;reute
+r f BC-AUSIMONT-COMPO-&lt;AUS>   03-03 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSIMONT COMPO &lt;AUS> TO CHANGE NAME</TITLE>
+<DATELINE>    WALTHAM, Mass., March 3 - </DATELINE><BODY>Ausimont Compo NV said it will
+change its name to Ausimont NV on May Six, subject to
+shareholder approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16413" NEWID="1093">
+<DATE> 3-MAR-1987 11:14:17.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>syria</D><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0736&#31;reute
+d f AM-MIDEAST-CITRUS   03-03 0164</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYRIA SAYS ISRAEL BLOCKS CITRUS EXPORT FROM GAZA</TITLE>
+<DATELINE>    UNITED NATIONS, March 3 - </DATELINE><BODY>Syria has complained to the
+United Nations that Israeli occupation authorities were
+blocking the export of citrus fruit from the Gaza Strip to the
+countries of the European Community, EC.
+    In a letter to Secretary General Javier Perez de Cuellar,
+published here today, Syrian U.N. charge d'affaires Abdul
+Mou'men Al-Atassi said: "These measures threaten to create a
+slump in citrus production, which constitutes the primary
+source of income in the Gaza Strip....They are causing heavy
+losses to farmers and all those working in the field of citrus
+production and threaten to bring about economic disaster."
+    The Syrian envoy said the Israel action was a violation of
+the Geneva Conventions, the U.N. Charter and the "legitimacy of
+the economic rights endorsed by the United Nations."
+    The Gaza Strip, occupied by Egypt in the 1948 Arab-Israel
+war, was captured by Israel in the 1967 Middle East war.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16414" NEWID="1094">
+<DATE> 3-MAR-1987 11:14:46.57</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0739&#31;reute
+u f BC-YUGOSLAVIA-WHEAT-FREE   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA WHEAT FREE OF WINTERKILL - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>There was no evidence of winterkill
+in Yugoslavian winter wheat during field travel along a line
+running northwest from Belgrade to near Maribor, the U.S.
+Agriculture Department's counselor in Belgrade said in a field
+report.
+    The report, dated February 26, said there is evidence of
+delayed germination in most areas due to late seeding last fall
+because of dry conditions.
+    However warm temperatures over the past three weeks have
+promoted some early growth and will help the crop catch up on
+last fall's late seeding, it said.
+    Some Yugoslav agriculture officials are concerned about the
+situation because warm temperatures have brought the grain out
+of dormancy and taken away snow protection a little early, the
+report said.
+    Cold temperatures over the next month could cause damage
+under these conditions, they said.
+    The report said all wheat farmers contacted during the
+field trip were optimistic about the crop and the way it
+emerged from winter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16415" NEWID="1095">
+<DATE> 3-MAR-1987 11:14:54.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0740&#31;reute
+r f BC-ATT-&lt;T>-SETS-SOME-PHO   03-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> SETS SOME PHONE EQUIPMENT DISCOUNTS</TITLE>
+<DATELINE>    PARSIPPANY, N.J., March 3 - </DATELINE><BODY>American Telephone and
+Telegraph Co said small businesses can win up to a 10 pct
+discount on telephone equipment under a new program.
+    According to the America's Choice Bonus Program, customers
+that rent certain phone systems can earn credits each time they
+pay their monthly or fixed term lease bills.
+    The credits can be used in the purchase of ATT products,
+including communications systems and the System 25 PBX, a
+telephone switch for voice and data communications. Customers
+will receive a 50 dlrs initial credit, and additions to their
+account equivalent to 10 pct of their rental payments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16416" NEWID="1096">
+<DATE> 3-MAR-1987 11:15:00.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0741&#31;reute
+r f BC-AUSIMONT-COMPO-NV-&lt;AU   03-03 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSIMONT COMPO NV &lt;AUS> 4TH QTR NET</TITLE>
+<DATELINE>    WALAHTAM, Mass., March 3 -
+    </DATELINE><BODY>Shr 42 cts vs 39 cts
+    Net 12.3 mln vs 9,382,000
+    Sales 172.0 mln vs 146.00 mln
+    Avg shrs 29.5 mln vs 24.3 mln
+    Year
+    Shr 1.63 dlrs vs 1.35 dlrs
+    Net 45.7 mln vs 30.0 mln
+    Sales 665.5 mln vs 446.2 mln
+    Avg shrs 28.0 mln vs 22.3 mln
+    NOTE: translated at 1,339 Italian lire to dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16417" NEWID="1097">
+<DATE> 3-MAR-1987 11:15:13.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0742&#31;reute
+r f BC-LYPHOMED-&lt;LMED>-IN-JO   03-03 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYPHOMED &lt;LMED> IN JOINT MARKETING PACT</TITLE>
+<DATELINE>    ROSEMONT, Ill., March 3 - </DATELINE><BODY>LyphoMed Inc said it has
+tentatively agreed to form a joint venture with privately-held
+Novopharm Ltd of Canada whereby each will market the other's
+drug in their home country.
+    LyphoMed will sell Novopharm's oral pharmaceutical drugs in
+the U.S. and Novopharm will sell Lyphomed's injectable
+pharmaceutical drugs in Canada, it said.
+    The joint venture gives LyphoMed entry into the hospital
+and retail oral pharmaceutical market with Novopharm's product
+line. Novopharm in turn will strengthen its position in the
+Canadian hospital market using LyphoMed's injectable products.
+    The first product to be marketed will be cephalexin
+monohydrate, now marketed by Eli Lilly Co &lt;LLY> as Keflex, a
+product whose patent expires in April. Keflex is an antibiotic
+with a current market in excess of 250 mln dlrs. It will be
+made by Novopharm in Canada, sold to the new joint venture, and
+distributed by LyphoMed in the U.S., it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16418" NEWID="1098">
+<DATE> 3-MAR-1987 11:15:38.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0743&#31;reute
+r f BC-REGAL-INT'L-&lt;RGL>-HOL   03-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGAL INT'L &lt;RGL> HOLDS BELL PETROLEUM OPTION</TITLE>
+<DATELINE>    MIDLAND, Texas, March 3 - </DATELINE><BODY>Bell Petroleum Services Inc,
+currently in Chapter 11, said Regal International Inc has
+acquired an option to buy its secured notes held by its banks.
+    Bell said Regal also expressed interest in discussing an
+acquisition offer, but Bell's board rejected the offer, saying
+it wanted to remain independent and proceed with its chapter 11
+reorganization.
+    The company said that its ability to reorganize will be
+hampered because a major competitor now holds an option on its
+notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16419" NEWID="1099">
+<DATE> 3-MAR-1987 11:16:08.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0746&#31;reute
+r f BC-NORTON-&lt;NRT>-TO-SELL   03-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTON &lt;NRT> TO SELL SOUTH AFRICAN OPERATIONS</TITLE>
+<DATELINE>    WORCESTER, Mass., March 3 - </DATELINE><BODY>Norton co said it has agreed to
+sell its remaining South African business, Norton co Pty Ltd,
+to &lt;Global Mining and Industrial Corp> of South africa for
+undisclosed terms.
+    The company said the unit accounts for less than two pct of
+Norton revenues and is being sold because "Growing societal
+pressures in the United States and the unsettled situation in
+south Africa had required a disproportionate amount of
+management tiome to oversee."
+    Norton said the unit is profitable. 
+    Norton said it will provide the South Afrcian unit with
+future technical support, and products makde under that
+agreement will continue to be marketed under the Norton
+trademark.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16420" NEWID="1100">
+<DATE> 3-MAR-1987 11:18:52.62</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0757&#31;reute
+u f BC-CANADA-CURRENT-ACCOUN   03-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA CURRENT ACCOUNT DEFICIT UP IN QUARTER</TITLE>
+<DATELINE>    OTTAWA, March 3 - </DATELINE><BODY>Canada's current account deficit widened
+to a seasonally adjusted 2.27 billion dlrs in the fourth
+quarter from a deficit of 1.94 billion dlrs in the third,
+Statistics Canada said.
+    The shortfall for the full year rose to 8.81 billion dlrs
+from 1985's 584 mln dlr deficit, the federal agency said.
+    The agency said the rise in the merchandise surplus, to
+2.77 billion dlrs from 2.20 billion dlrs in the third quarter,
+was more than offset by high deficits in servicies and
+investment. The total non-merchandise deficit grew to 5.04
+billion dlrs from 4.14 billion dlrs.
+    The current account deficit was 912 mln dlrs in the fourth
+quarter of 1985.
+    In the capital account, not seasonally adjusted, there was
+a total net inflow of 4.76 billion dlrs in the fourth quarter,
+up from a net inflow of 3.22 billion dlrs in the third quarter
+quarter.
+    The total net capital inflow rose to 13.74 billion dlrs in
+1986 from 7.68 billion dlr in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16421" NEWID="1101">
+<DATE> 3-MAR-1987 11:20:13.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0762&#31;reute
+r f BC-HOME-FEDERAL-OF-THE-R   03-03 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME FEDERAL OF THE ROCKIES &lt;HROK> 4TH QTR LOSS</TITLE>
+<DATELINE>    FORT COLLINS, Colo., MArch 3 -
+    </DATELINE><BODY>Shr loss 2.07 dlrs vs profit 36 cts
+    Net loss 1,088,000 vs profit 187,000
+    Year
+    Shr loss 12.23 dlrs vs profit 17 cts
+    Net loss 645,000 vs profit 89,000
+    NOTE: Home Federal Savings and Loan Association of the
+Rockies.
+    1986 net includes tax credits of 165,000 dlrs in quarter
+and 189,000 dlrs in year.
+    Net includes pretax loan loss provisions of 1,439,000 dlrs
+vs 127,000 dlrs in quarter and 1,701,000 dlrs vs 222,000 dlrs
+in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16422" NEWID="1102">
+<DATE> 3-MAR-1987 11:20:31.19</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0763&#31;reute
+b f BC-CANADA-DECEMBER-GDP-G   03-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA DECEMBER GDP GAINS 1.2 PCT</TITLE>
+<DATELINE>    OTTAWA, March 3 - </DATELINE><BODY>Canada's gross domestic product, by
+industry, rose a seasonally adjusted 1.2 pct in December, the
+largest monthly gain since April, 1986, Statistics Canada said.
+    GDP, which fell 0.2 pct in November, was 2.1 pct above the
+December, 1985 level, the federal agency said.
+    Output of goods producing industries rose 1.6 pct in the
+month, with virtually all the growth occurring in manufacturing
+and mining. Services producing industries expanded 1.0 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16423" NEWID="1103">
+<DATE> 3-MAR-1987 11:20:52.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0766&#31;reute
+h f BC-SAATCHI-AND-SAATCHI-B   03-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAATCHI AND SAATCHI BUYS CLEVELAND CONSULTING</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Advertising agents Saatchi and Saatchi Co
+Plc &lt;SACHY> said it was buying &lt;Cleveland Consulting Associates
+Inc> for an initial consideration of 2.0 mln dlrs.
+    Additional payments may be made annually through the year
+ending March 31, 1991 to bring the total consideration up to
+9.5 pct of Cleveland's average post-tax profits in the last two
+years of the period.
+    The purchase of Cleveland is a further step in Saatchi and
+Saatchi's fast growing consulting industry, the company said.
+It said its consulting operations now provide a platform for
+major future expansion.
+    For the 12 months ended 31 March 1986, Cleveland had
+479,000 dlrs in pretax profits and forecasts one mln for 1987.
+    At the Saatchi and Saatchi annual meeting today, the
+company reported a particularly strong start to the current
+year, with profits sharply higher than the same period last
+year.
+    Saatchi and Saatchi shares rose one pence on the Cleveland
+announcement to 885p after yesterday's 870p close.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16424" NEWID="1104">
+<DATE> 3-MAR-1987 11:21:06.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0767&#31;reute
+u f BC-UNILEVER'S-&lt;UN>-CHESE   03-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNILEVER'S &lt;UN> CHESEBROUGH OFFERS TO SELL BASS</TITLE>
+<DATELINE>    WESTPORT, Conn., March 3 - </DATELINE><BODY>Chesebrough-Pond's Inc, recently
+acquired by a unit of Unilever N.V., said it is offering to
+sell its Bass shoe division, as a result of an
+ongoing evaluation of the long-term direction of its
+businesses.
+    The diversified maker of health and beauty aids, said it
+acquired Falmouth, Maine-based G.H. Bass and Co in 1978, when
+the company reported annual sales of 59 mln dlrs. Bass is known
+for its high-quality casual shoes.
+    Chesebrough said Bass's 1986 sales exceeded 170 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16425" NEWID="1105">
+<DATE> 3-MAR-1987 11:22:53.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0775&#31;reute
+r f BC-CONTINENTAL-&lt;GIC>-SEE   03-03 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL &lt;GIC> SEES 1987 NET UP FROM TAX LAW</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Continental Corp said the fresh start
+provision of the Tax Reform Act of 1986 may add 1.30 to 1.60 to
+1987 earnings per share.
+    The insurance holding company had net earnings of 449.6 mln
+dlrs, or, or 7.42 per share, in 1986.
+    John Loynes, Continental chief financial officer, said the
+fresh start provision allowed the company to discount opening
+tax reserves to January 1, 1987, which released deferred taxes
+into earnings.
+    Loynes said the provision's potential benefit would decline
+gradually over the next four years, during which time
+Continental will pay 250 mln to 350 mln dlrs more in taxes.
+    Loynes added, however, the higher taxes are not expecetd to
+have a significant impact on earnings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16426" NEWID="1106">
+<DATE> 3-MAR-1987 11:24:16.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f0780&#31;reute
+r f BC-ONTARIO-TREASURY-BILL   03-03 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONTARIO TREASURY BILL YIELD EDGES UP</TITLE>
+<DATELINE>    TORONTO, March 3 - </DATELINE><BODY>This week's Ontario government auction
+of 50 mln dlrs worth of 91-day treasury bills yielded an
+average of 7.28 pct, up slightly from 7.26 pct last week, a
+treasury department spokesman said.
+    Average price was 98.217.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16427" NEWID="1107">
+<DATE> 3-MAR-1987 11:25:35.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0781&#31;reute
+f f BC-******FIRESTONE-TO-CL   03-03 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRESTONE TO CLOSE TIRE PLANTS IN IOWA, ILLINOIS AND OKLAHOMA
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16428" NEWID="1108">
+<DATE> 3-MAR-1987 11:26:01.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0783&#31;reute
+b f BC-ford-canada   03-03 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD MOTOR CO OF CANADA LTD &lt;FC> 4TH QTR NET</TITLE>
+<DATELINE>    OAKVILLE, Ontario, March 3 -
+    </DATELINE><BODY>Shr 8.17 dlrs vs 55 cts
+    Net 67.7 mln vs 4.5 mln
+    Revs 3.67 billion vs 3.54 billion
+    Year
+    Shr 12.19 dlrs vs 24.00 dlrs
+    Net 101.1 mln vs 199.0 mln
+    Revs 14.33 billion vs 13.35 billion
+    Note: 90 pct owned by Ford Motor Co &lt;F>
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16429" NEWID="1109">
+<DATE> 3-MAR-1987 11:29:01.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0792&#31;reute
+f f BC-ROYAL-BANK-OF-CANADA   03-03 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROYAL BANK OF CANADA 1ST QTR SHR 88 CTS VS 1.22 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16430" NEWID="1110">
+<DATE> 3-MAR-1987 11:29:55.96</DATE>
+<TOPICS><D>veg-oil</D><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>belgium</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0795&#31;reute
+u f BC-/BELGIAN-MINISTER-SEE   03-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN MINISTER SEES NEW ACCORD ON EC OILS/FATS</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Belgian Foreign Trade Minister Herman
+De Croo said he believed there would be a compromise within the
+European Community, EC, on its proposed tax on vegetable fats
+and oil, averting a pledged tough trade response by the United
+States.
+    De Croo, in Washington for talks with Administration
+officials and Congressional leaders, said at a news conference
+there is a battle within the community on the tax on fats and
+oils used in the 12 EC countries.
+    But he added, "I do not think it will be a big issue because
+there will be a big debate inside Europe," adding "so there will
+be a compromise."
+    U.S. Trade Representative Clayton Yeutter said yesterday
+that if the community went ahead with the tax, the United
+States would respond "vigorously" to protect its trade rights and
+access to community markets.
+    De Croo also said he thought the community would postpone
+its April 28 deadline for imposing new slaughterhouse rules to
+cover all meats brought into EC nations if some progress was
+made toward resolving differences with the United States.
+    U.S. officials say its rules now meet health standards and
+the EC should require equivalent but not identical standards.
+    He also told reporters he hoped the community could deal
+with another controversial health proposal that would forbid
+the feeding of hormones to cattle, which is also opposed by the
+United States.
+    De Croo gave no deals on how he though the issue might be
+resolved. That rule is go into effect on January 1, 1988.
+    He said U.S. cattlemen say there is no reason to change
+slaughterhouse practices in April if the meat is to be banned a
+few months later by the hormone rule.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16431" NEWID="1111">
+<DATE> 3-MAR-1987 11:31:30.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0804&#31;reute
+r f BC-ANITEC-IMAGE-TECHNOLO   03-03 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANITEC IMAGE TECHNOLOGY CORP &lt;ANTC> 2ND QTR NET</TITLE>
+<DATELINE>    BINGHAMTON, N.Y., March 3 -
+    </DATELINE><BODY>Shr 33 cts vs 28 cts
+    Net 3,722,000 vs 3,103,000
+    Sales 33.0 mln vs 31.8 mln
+    Avg shrs 11.2 mln vs 11.1 mln
+    1st half
+    Shr 68 cts vs 58 cts
+    Net 7,585,000 vs 6,346,000
+    Sales 65.9 mln vs 61.3 mln
+    Avg shrs 11.2 mln vs 11.0 mln
+    NOTE: Share adjusted for three-for-two October 1986 stock
+split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16432" NEWID="1112">
+<DATE> 3-MAR-1987 11:33:02.52</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0813&#31;reute
+u f BC-DUTCH-MONEY-MARKET-DE   03-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH MONEY MARKET DEBT BARELY CHANGED IN WEEK</TITLE>
+<DATELINE>    AMSTERDAM, March 3 - </DATELINE><BODY>Loans and advances from the Dutch
+central bank to the commercial banks were barely changed at
+12.9 billion guilders in the week up to and including March 2,
+the central bank weekly return showed.
+    The Treasury's account with the bank dropped 1.3 billion
+guilders. Dealers said a larger amount of funds in the form of
+interest and repayments on state loans went out than came in
+the form of tax payments to the state.
+    Notes in circulation rose 360 mln to 27.7 billion as the
+public withdrew cash to celebrate this week's Carnival festival
+or take an end-of-winter holiday break, dealers said.
+    Current money market rates are at 5-3/4 to 6-1/4 pct for
+call money against 5-1/4 to 5-3/8 a week ago, and between
+5-5/16 and 5-9/16 pct against 5-1/4 to 5-1/2 for one to 12
+month periods, dealers said.
+    The cause for the rise was a rather tight 4.8 billion
+guilders of special advances set by the Bank yesterday compared
+with 8.0 billion guilders for the previous set, dealers added.
+    They expect the money market shortage to continue around 12
+billion guilders this week.
+    The weekly return showed total Dutch gold and currency
+reserves rose 11.3 mln guilders to 56.0 billion guilders.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16433" NEWID="1113">
+<DATE> 3-MAR-1987 11:33:58.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0822&#31;reute
+u f BC-NEXXUS-&lt;NEXX>-SIGNS-C   03-03 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEXXUS &lt;NEXX> SIGNS CONTRACTS WORTH 10 MLN DLRS</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 3 - </DATELINE><BODY>Nexxus Technologies Inc
+said it has signed production contracts totaling about 10 mln
+dlrs with three major U.S. gem wholesalers.
+    The company said it expects to start operations on these
+contracts in May, adding the work will continue through late
+1989. Additional contracts with international gem wholesalers
+are expected in the near future, it added without providing
+details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16434" NEWID="1114">
+<DATE> 3-MAR-1987 11:36:21.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0836&#31;reute
+u f BC-CHRYSLER-&lt;C>-FEBRUARY   03-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> FEBRUARY U.S. CAR OUTPUT OFF</TITLE>
+<DATELINE>    DETROIT, March 3 - </DATELINE><BODY>Chrysler Corp said its U.S. car
+production in February totalled 110,552 units compared with
+123,092 a year ago.
+    The company said its U.S. truck production in the month
+totalled 21,177 compared with none a year ago.
+    Year-to-date, Chrysler said its U.S. car output was 216,987
+compared with 257,941 and truck production is 39,834 compared
+with none a year ago. The figures exclude Canadian truck
+production, much of which is earmarked for the U.S.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16435" NEWID="1115">
+<DATE> 3-MAR-1987 11:37:24.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0844&#31;reute
+r f BC-BANKING-CHAIRMAN-URGE   03-03 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANKING CHAIRMAN URGES CAUTION ON FSLIC BILL</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>House Banking committee chairman
+Fernand St Germain, D-R.I., called for caution in giving
+savings associations forbearance in paying their debts as part
+of a bill providing three billion dlrs in new capital for the
+Federal Savings and Loan Insurance Corp.
+    "We cannot let forbearance stretch to protect the
+mismanaged or terminal cases that would serve to further drain
+the FSLIC fund," St Germain said at the start of a hearing on
+FSLIC legislation. "Forbearance must be designed to help the
+well managed institution temporarily on hard times. It must not
+be forgiveness for the speculators, the high flyers and the
+fast buck artists."
+    The use of forbearance for well-managed institutions was
+endorsed at the hearing by Texas Savings and Loan Commissioner
+L.L. Bowman, the Federal Home Loan Bank of Dallas and the Texas
+Savings and Loan League.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16436" NEWID="1116">
+<DATE> 3-MAR-1987 11:38:10.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0850&#31;reute
+d f BC-COMPUTER-COMPANIES-FO   03-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER COMPANIES FORM NETWORKING GROUP</TITLE>
+<DATELINE>    BOSTON, March 3 - </DATELINE><BODY>A number of computer companies said they
+formed Network Computing Forum, an industry group focusing on
+ways to tie computers, workstations and networks together.
+    The participants include Apollo Computer Inc &lt;APCI>,
+Alliant Computer Systems Corp &lt;ALNT>, Apple Computer Inc
+&lt;AAPL>, Concurrent Computer Inc &lt;CCUR>, and a number of other
+companies.
+    The Forum said its aim was to adopt protocols, services and
+architectures that support integrated network computing. It
+also hopes to promote industry standards. The first meeting of
+the group is set for the Spring 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16437" NEWID="1117">
+<DATE> 3-MAR-1987 11:38:17.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0851&#31;reute
+d f BC-DASA-CORP-&lt;DASA>-YEAR   03-03 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DASA CORP &lt;DASA> YEAR NET</TITLE>
+<DATELINE>    BOSTON, March 3 -
+    </DATELINE><BODY>Shr profit three cts vs loss 11 cts
+    Net profit 507,000 vs loss 1,823,000
+    Revs 11.2 mln vs 204,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16438" NEWID="1118">
+<DATE> 3-MAR-1987 11:41:51.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0856&#31;reute
+r f BC-MATERIAL-SCIENCES   03-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP TRIMS MATERIAL SCIENCES &lt;MSC> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>An investor group led by Central
+National-Gottesman Inc, a New York investment firm, and its
+executive vice president, Edgar Wachenheim, said they cut their
+stake in Material Sciences Corp to less than five pct.
+    In a filing with the Securities and Exchange Commission,
+the group said it sold 19,500 Material Sciences common shares
+between Feb 11 and 19 at prices ranging from 24.00 to 27.648
+dlrs a share, leaving it with 239,500 shares, or 4.7 pct.
+    As long as the group's stake remains below five pct, it is
+not required to disclose further dealings in Material Sciences
+common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16439" NEWID="1119">
+<DATE> 3-MAR-1987 11:42:00.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0857&#31;reute
+b f BC-SAPPORO-BREWERIES-PLA   03-03 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAPPORO BREWERIES PLANS 100 MLN SWISS FRANC NOTES</TITLE>
+<DATELINE>    ZURICH, March 3 - </DATELINE><BODY>Sapporo Breweries Ltd is launching a 100
+mln Swiss franc, 4-5/8 pct, five-year guaranteed notes issue
+priced at 100-1/4 pct, lead manager Swiss Bank Corp said.
+    The issue is guaranteed by Fuji Bank and payment date is
+March 17.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16440" NEWID="1120">
+<DATE> 3-MAR-1987 11:42:03.86</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0858&#31;reute
+f f BC-******FED-SETS-1.5-BI   03-03 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16441" NEWID="1121">
+<DATE> 3-MAR-1987 11:43:20.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0867&#31;reute
+u f BC-CHRYSLER-&lt;C>-FEBRUARY   03-03 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> FEBRUARY U.S. CAR OUTPUT DOWN</TITLE>
+<DATELINE>    DETROIT, March 3 - </DATELINE><BODY>Chrysler Corp said its February U.S. car
+production was 110,552 compared with 123,092 a year ago.
+    The number three automaker said U.S. truck production
+totalled 21,177 compared with nine last year. The figures
+exclude Canadian truck production, much of which is sold to
+U.S. dealers.
+    Year-to-date, Chrysler said car output declined to 216,987
+from 257,941 and U.S. truck production totalled 39,834 compared
+with none a year ago.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16442" NEWID="1122">
+<DATE> 3-MAR-1987 11:43:24.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0868&#31;reute
+r f BC-ADC-TELECOMMUNICATION   03-03 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADC TELECOMMUNICATIONS INC &lt;ADCT> 1ST QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 3 - </DATELINE><BODY>Periods ended Jan 31
+    Shr 28 cts vs 35 cts
+    Net 2,374,000 vs 2,987,000
+    Sales 35.2 mln vs 34 mln
+    Backlog 36.8 mln vs 33.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16443" NEWID="1123">
+<DATE> 3-MAR-1987 11:43:30.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0869&#31;reute
+r f BC-TYLAN-CORP-&lt;TYLN>-TO   03-03 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TYLAN CORP &lt;TYLN> TO SELL FURNACE PRODUCT LINE</TITLE>
+<DATELINE>    CARSON, Calif., March 3 - </DATELINE><BODY>Tylan Corp aid it has retained
+the investment banking firm Kahn and Harris to sell its furnace
+product line.
+    The company said it has already been contacted by several
+potential buyers.
+    In 1986, Tylan's furnace product shipments in the U.S.
+represented 10.3 mln dlrs of the company's total net sales of
+28.4 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16444" NEWID="1124">
+<DATE> 3-MAR-1987 11:44:14.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0871&#31;reute
+b f BC-(ROYAL-BANK-OF-CANADA   03-03 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ROYAL BANK OF CANADA> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    MONTREAL, March 3 -
+    </DATELINE><BODY>Shr basic 88 cts vs 1.22 dlrs
+    Shr diluted 83 cts vs 1.10 dlrs
+    Net 114,108,000 vs 140,389,000
+    Avg shrs 107.5 mln vs 100.5 mln
+    Loans 66.4 billion vs 65.9 billion
+    Deposits 82.8 billion vs 84.4 billion
+    Assets 98.7 billion vs 96.7 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16445" NEWID="1125">
+<DATE> 3-MAR-1987 11:45:17.71</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0875&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-03 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange 1.5 billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at 6-1/4 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16446" NEWID="1126">
+<DATE> 3-MAR-1987 11:47:16.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0880&#31;reute
+r f BC-HOME-SHOPPING-&lt;HSN>-S   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SHOPPING &lt;HSN> SETS STOCK OPTIONS</TITLE>
+<DATELINE>    CLEARWATER, Fla., March 3 - </DATELINE><BODY>Home Shopping Network Inc said
+its board approved plans to offer a stock option plan for its
+cable television operators.
+    The company said it will offer the options in exchange for
+a commitment to operate the company's programs to a set number
+of subscribers for five years. The agreement also includes a
+five year extension option.
+    If the operator agrees to the plan, they will receive
+options to buy 10 dlrs worth of common stock for each cable
+subscriber committed, or 20 dlrs per subscriber, if they agree
+to run both programs, the company explained.
+    The company said the option will vest over a five year
+period at the rate of 20 pct per year.
+    The company, which offered a similar program last year,
+said the current one is directed for those who did not sign up
+last year, and for new carriers of the company's home shopping
+video shows.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16447" NEWID="1127">
+<DATE> 3-MAR-1987 11:47:52.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0883&#31;reute
+d f BC-BOGERT-OIL-&lt;BOGO>-BUY   03-03 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOGERT OIL &lt;BOGO> BUYS WELLS, DRILLING RIGS</TITLE>
+<DATELINE>    OKALHOMA CITY, March 3 - </DATELINE><BODY>Boget Oil Co said it has purchased
+interests in about 200 wells in Oklahoma and seven medium-depth
+drilling rigs for 4.5 mln dlrs.
+    The company said it will be able to incorporate the 150
+operated wells within its field organization and intends to
+dispose of the rigs by private sale or auction in the near
+future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16448" NEWID="1128">
+<DATE> 3-MAR-1987 11:48:07.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0885&#31;reute
+d f BC-SUPRADUR-COS-INC-&lt;SUP   03-03 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPRADUR COS INC &lt;SUPD> YEAR NET</TITLE>
+<DATELINE>    RYE, N.Y., March 3 -
+    </DATELINE><BODY>Oper shr 1.58 dlrs vs 77 cts
+    Oper net 1,648,000 vs 817,000
+    Sales 25.7 mln vs 20.5 mln
+    NOTE: Net excludes discontinued operations gain 451,000
+dlrs vs loss 4,310,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16449" NEWID="1129">
+<DATE> 3-MAR-1987 11:48:33.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0886&#31;reute
+u f BC-ITALIAN-PRIME-MINISTE   03-03 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN PRIME MINISTER CRAXI SAYS HE WILL RESIGN</TITLE>
+<DATELINE>    ROME, March 3 - </DATELINE><BODY>Socialist Prime Minister Bettino Craxi said
+his five party coalition government would resign.
+    Craxi, Italy's prime minister for a postwar record of 3-1/2
+years, told the Senate (upper house) he would hand his and the
+government's resignation to President Francesco Cossiga
+immediately after leaving the chamber.
+    Craxi has been prime minister, at the head of two separate
+but identical five-party coalitions, since August 1983.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16450" NEWID="1130">
+<DATE> 3-MAR-1987 11:48:54.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0888&#31;reute
+d f BC-ADOBE-SYSTEMS-&lt;ADBE>   03-03 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADOBE SYSTEMS &lt;ADBE> SETS PACT WITH IBM &lt;IBM></TITLE>
+<DATELINE>    PALO ALTO, Calif., March 3 - </DATELINE><BODY>Adobe Systems Inc said it
+signed a contract with International Business Machines, giving
+IBM licensing rights to its PostScript page description
+language interpreter.
+    Adobe said IBM plans to use PostScript as one of the
+foundation elements of its preferred environments for IBM
+electronic publishing products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16451" NEWID="1131">
+<DATE> 3-MAR-1987 11:49:05.15</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sorghum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0889&#31;reute
+b f BC-/U.S.-SETS-CORN-DEFIC   03-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SETS CORN DEFICIENCY PAYMENT HALF PIK CERTS</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The upcoming five-month deficiency
+payments to corn and sorghum farmers will be made half in cash
+and half in generic commodity certificates, a senior
+Agriculture Department official told Reuters.
+    Around 300 mln dlrs of the in-kind certificates, or
+"certs," will be mailed out to farmers around March 15 or 16,
+Tom von Garlem, Assistant Deputy Administrator for USDA's state
+and county operations, said.
+    The decision to make the payments in a 50/50 cash/certs
+ratio was made Monday, but payments to producers will be
+delayed until mid-month due to a problem with USDA's computer
+program, von Garlem said.
+get 11.5 cts per bushel in this next payment -- 5.75 cts in
+certs and around 5.5 cts cash (5.75 cts minus Gramm-Rudman).
+    Farmers who did not receive advance deficiency payments at
+signup will receive 63 cts per bushel. Slightly more than half
+of this payment will be in cash, von Garlem said, but he said
+this will not markedly upset the 50/50 ratio, since most
+farmers got advance payments.
+    "The final certificate payments will be very close to 300
+mln dlrs," he said.
+    When asked if the Office of Management and Budget had
+resisted the cash/certs ratio, the USDA official said that "we
+proposed 50/50 and OMB accepted it."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16452" NEWID="1132">
+<DATE> 3-MAR-1987 11:49:19.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0890&#31;reute
+u f BC-ford-canada-profit   03-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD CANADA &lt;FC> PROFIT DOWN ON CHANGEOVER COST</TITLE>
+<DATELINE>    OAKVILLE, Ontario, March 3 - </DATELINE><BODY>Ford Motor Co of Canada Ltd,
+90 pct owned by Ford Motor Co &lt;F>, said the earlier reported
+decline in full year net profit was mainly due to changeoover
+costs at its Essex, Ontario engine plant.
+    Ford Canada also said sharply improved fourth quarter
+results were due to improved cost recovery and lower product
+program costs, partially offset by lower engine production.
+    The company earlier said consolidated 1986 net income fell
+to 101.9 mln dlrs from year-ago 199.0 mln dlrs. Fourth quarter
+profit improved to 67.7 mln dlrs from 4.5 mln dlrs in the prior
+year.
+    Ford Canada said full-year earnings from its Canadian
+operations declined 75.4 mln dlrs to 104.0, while fourth
+quarter profit increased to 49.1 mln dlrs from 16.1 mln dlrs in
+the prior year.
+    Ford Canada reported a full year loss of 2.9 mln dlrs from
+its overseas operations, compared to a 19.6 mln dlr profit in
+1985. Fourth quarter earnings from overseas operations rose to
+18.6 mln dlrs from a loss of 11.6 mln dlrs in the prior year.
+    The company reported full-year domestic sales in Canada of
+4.35 billion dlrs compared to 3.95 billion dlrs in 1985,
+excluding export sales to its U.S. parent.
+    Ford Canada said it had 1986 export sales to its parent
+company of 7.97 billion dlrs, up from year-earlier 7.18 billion
+dlrs.
+    The company reported 1986 overseas sales fell 205.7 mln
+dlrs to 2.01 billion dlrs from 2.21 billion dlrs in 1985.
+    The company attributed the improvement in fourth quarter
+results from overseas operations to manufacturing efficiencies,
+cost reduction programs and improved cost recovery, which were
+partially offset by lower industry volumes.
+    Ford Canada's net loss for the year from overseas
+operations resulted from lower industry volumes and increased
+interest costs, the company said.
+    Despite increased competition, Ford Canada's market share
+of car sales rose to 17.2 pct from 17.0 pct in 1985, it said.
+The company's share of industry truck sales rose to 29.7 pct in
+1986 from year-earlier 29.2 pct.
+    Ford Canada said sales were boosted by its Ford Tempo car
+and Ford light truck, both manufactured in Oakville, which were
+Canada's best selling car and truck nameplates in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16453" NEWID="1133">
+<DATE> 3-MAR-1987 11:49:36.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0891&#31;reute
+u f BC-FIRESTONE-&lt;FIR>-TO-CL   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRESTONE &lt;FIR> TO CLOSE THREE TIRE PLANTS</TITLE>
+<DATELINE>    AKRON, Ohio, March 3 - </DATELINE><BODY>Firestone Tire and Rubber Co has
+notified the United Rubber Workers the company will close its
+Des Moines, Iowa, Bloomington, Ill., and Oklahoma City tire
+plants on or before September 15.
+    A Firestone spokesman said the cost of the closings will be
+covered by the 65 mln dlrs restructuring charge the company
+took in the fourth quarter of 1986.
+    The company said it was notified by the union March one
+that the agreement reached with Local 998 at the Oklahoma City
+tire plant had been rejected by union members at the other
+plants. 
+    Firestone said it has been discussing the possible sale of
+its Des Moines and Bloomington plants with prospective buyers
+for several months.
+    Those discussions are continuing, the company said, adding
+it could not predict their outcome. Firestone is willing to
+work with any organization wishing to consider the purchase of
+the three tire plants, it added.
+    Last October, Firestone advised the union the tire plants
+in Des Moines, Bloomington and Oklahoma City were being
+designated as "distressed" under the terms of its master
+agreement with the rubber workers.
+    Firestone said it has twice reached agreement with the
+leadership and members of the local in Oklahoma City on plans
+to reduce operating costs through revisions in wages, benefits
+and work rules.
+    Union procedures, however, require approval by the
+Firestone section of the union's International Policy
+Committee, membrs of other locals covered by the master
+contract and by the rubber workers' executive board.
+    The company said the rejection of the Oklahoma City package
+by union locals at Des Moines and other locations and the
+limited sales and profit opportunities for agricultural and
+off-the-road tires in North America led Firestone to conclude
+the parties would be unable to reach agreements that would
+permit the continued operation of the Des Moines and
+Bloomington plants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16454" NEWID="1134">
+<DATE> 3-MAR-1987 11:49:54.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0893&#31;reute
+u f BC-WALLACE-COMPUTER-SERV   03-03 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALLACE COMPUTER SERVICES INC &lt;WCS> 2ND QTR NET</TITLE>
+<DATELINE>    HILLSIDE, ILL., March 3 -
+    </DATELINE><BODY>Shr 69 cts vs 64 cts
+    Net 7,046,000 vs 6,492,000
+    Sales 85.7 mln vs 79.6 mln
+    Six Mths
+    Shr 1.28 dlrs vs 1.19 dlrs
+    Net 13,098,000 vs 12,006,000
+    Sales 166.3 mln vs 153.3 mln
+    NOTE: Periods end January 31, 1987 and 1986, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16455" NEWID="1135">
+<DATE> 3-MAR-1987 11:50:02.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0894&#31;reute
+r f BC-AMERICAN-VANGUARD-COR   03-03 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN VANGUARD CORP &lt;AMGD> YEAR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 3 -
+    </DATELINE><BODY>Shr 57 cts vs 27 cts
+    Net 1,002,000 vs 470,000
+    Sales 15.9 mln vs 12.0 mln
+    Note: 4th qtr data not available
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16456" NEWID="1136">
+<DATE> 3-MAR-1987 11:50:07.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0895&#31;reute
+b f BC-INTL-FINANCE-CORP-IN   03-03 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTL FINANCE CORP IN 50 MLN DLR PRIVATE PLACEMENT</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The International Finance Corp is
+privately placing a 50 mln dlr bond due April 7, 1997 carrying
+a 7-5/8 pct coupon and priced at 99-3/4 pct, Bank of Tokyo
+International Ltd said as sole lead manager for the issue.
+    The bond is available in denominations of 25,000 dlrs and
+will be listed in Luxembourg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16457" NEWID="1137">
+<DATE> 3-MAR-1987 11:50:25.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0897&#31;reute
+d f BC-NORTH-AMERICAN-BIOLOG   03-03 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN BIOLOGICALS INC &lt;NBIO> 4TH QTR</TITLE>
+<DATELINE>    MIAMI, March 3 -
+    </DATELINE><BODY>Oper shr one ct vs three cts
+    Oper net 99,000 vs 327,000
+    Revs 12.1 mln vs 8,800,000
+    Avg shrs 15.5 mln vs 11.3 mln
+    Year
+    Oper shr six cts vs 11 cts
+    Oper net 841,000 vs 956,000
+    Revs 44.1 mln vs 34.4 mln
+    Avg shrs 15.3 mln vs 8,519,677
+    NOTE: Net excludes tax credits of 299,000 dlrs vs 29,00000
+dlrs in quarter and 809,000 dlrs vs 71,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16458" NEWID="1138">
+<DATE> 3-MAR-1987 11:50:49.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0899&#31;reute
+r f BC-OMNICOM-GROUP-INC-&lt;OM   03-03 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMNICOM GROUP INC &lt;OMCM> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 3 -
+    </DATELINE><BODY>Shr profit 27 cts vs profit 51 cts
+    Net profit 6,600,000 vs profit 12,231,000
+    Revs 211.7 mln vs 193.4 mln
+    12 mths
+    Shr loss 17 cts vs profit 1.27 dlrs
+    Net loss 4,077,000 vs profit 30,142,000
+    Revs 753.5 mln vs 673.4 mln
+    NOTE: in qtr ended 1986 the company recognized expenses of
+5,948,000 for restructing the combined operations of BBDO,
+Doyle Dane Bernbach and Needham Harper Worldwide in August 1986
+before tax gains. These relate primarily to the conosolidation
+and elimination of duplicate facilities and staff.
+    for the year 1986, the provisions for mergers and
+restructuring expenses brought non-recurring expenses to
+40,292,000 before tax gains, of which 8,863,000 represented
+merger costs and 31,429,000 related to restructuring of the
+combine operations.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16459" NEWID="1139">
+<DATE> 3-MAR-1987 11:51:01.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0900&#31;reute
+u f BC-AMC-&lt;AMO>-FEBRUARY-CA   03-03 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMC &lt;AMO> FEBRUARY CAR OUTPUT DECLINES</TITLE>
+<DATELINE>    DETROIT, March 3 - </DATELINE><BODY>American Motors Corp said its February
+U.S. car production declined to 2,978 units from 3,808 a year
+ago.
+    AMC said its U.S. jeep production rose to 18,651 from
+16,673 last year.
+    Year-to-date, AMC said its car output declined to 6,6069
+from 6,631 and jeep production declined to 37,207 from 40,586
+in the comparable 1986 period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16460" NEWID="1140">
+<DATE> 3-MAR-1987 11:51:31.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0903&#31;reute
+u f BC-VENEZUELA-PLANS-NEW-B   03-03 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA PLANS NEW BORROWING WITH LIMITS</TITLE>
+<DATELINE>    CARACAS, March 3 - </DATELINE><BODY>Venezuela will limit new loans to 50 pct
+of the interest and principal it repays on its 31 billion dlr
+foreign debt, President Jaime Lusinchi told political leaders.
+    Speaking last night at a new session of congress, he said
+last week's agreement to reschedule 21 billion dlrs in public
+sector foreign debt at lower interest rates reflected
+Venezuela's improved credit image.
+    "Our priority is development, but I insist that there cannot
+be development if we don't fulfil our obligations," he said.
+    Venezuela agreed last Friday with its 13-bank advisory
+committee to lower the interest margin to 7/8 pct over libor
+from 1-1/8 and reduce amortisations in the next three years to
+1.35 billion dlrs from 3.35 billion.
+    "The important thing is that this rate of 7/8 pct is a
+marker for new negotiations and will save us 50 mln dlrs this
+year," Lusinchi said.
+    He said the country had been loyal to the principles of the
+Cartagena group of Latin American debtors but had "decided to
+reach an agreement convinced that Venezuela is a specal case,
+because of the vulnerability of its economy."
+    Venezuela signed a 12-1/2 year rescheduling accord in
+February, 1986, but immediately sought new terms because of
+falling oil income, which dropped 40 pct last year.
+    Finance Minister Manuel Azpurua told reporters he hopes to
+sign the new rescheduling accord early in the second quarter,
+but that in any case it would become effective from April 1.
+    Azpurua said Venezuela's 450 or so creditor banks have been
+contacted with details of the new agreement, and that Public
+Finances Director Jorge Marcano may visit financial centres to
+round up support.
+    Azpurua said that among the details still to be finalised
+were the exact timetable for reprogrammed payments and the
+outlines of a government plan to allow public and private
+sector debt capitalisation.
+    He said banks had shown willingness to consider new loans
+to Venezuela, a fundamental achievement in the new accord.
+    "Substantial progress has been made in talks and we will now
+have to define more precisely what projects can be financed
+from foreign borrowing," he said, adding that loans for steel
+and aluminium and iron ore sectors could be the first to
+materialise.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16461" NEWID="1141">
+<DATE> 3-MAR-1987 11:53:21.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0911&#31;reute
+b f BC-DEUTSCHE-BANK-UNIT-IS   03-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE BANK UNIT ISSUES 75 MLN STG EUROBOND</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Deutsche Bank Finance NV Curacao is
+issuing a 75 mln stg eurobond due April 2, 1997 paying 9-7/8
+pct and priced at 101-3/4 pct, joint-lead manager Kleinwort,
+Benson Ltd said. Deutsche Bank Capital Markets is the other
+joint-lead manager.
+    The issue is guaranteed by Deutsche Bank AG and is callable
+at 100-3/8 pct after seven years, declining by 1/8 point per
+annum to par thereafter. The selling concession is 1-3/8 pct
+while management and underwriting combined pays 5/8 pct. The
+issue is available in denominations of 1,000 and 10,000 stg and
+will be listed in Luxembourg. The payment date is April 2.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16462" NEWID="1142">
+<DATE> 3-MAR-1987 11:58:08.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0925&#31;reute
+u f BC-BBL-SHAREHOLDERS-AUTH   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BBL SHAREHOLDERS AUTHORISE CAPITAL RAISE</TITLE>
+<DATELINE>    BRUSSELS, March 3 - </DATELINE><BODY>Shareholders in Banque Bruxelles
+Lambert &lt;BBLB.B>, BBL, authorised the bank to increase capital
+by five billion francs to 20 billion in the next five years, a
+bank spokesman said.
+    BBL, Belgium's second largest commercial bank, had failed
+to win shareholder approval for the move last month because of
+a lack of quorum. No quorum was required today.
+    BBL has already raised over 5.5 billion francs in new
+capital since April 1985. Board President Jacques Thierry
+reiterated at the meeting that BBL had no plans to raise more
+capital in the near future.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16463" NEWID="1143">
+<DATE> 3-MAR-1987 11:58:47.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0926&#31;reute
+u f BC-CORRECTION---ASHTON-T   03-03 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - ASHTON-TATE ITEM
+    In Torrance, Calif., item ASHTON-TATE &lt;TATE> 4TH QTR NET,
+please read 1986 quarter average shares as 24.7 mln, not 200.7
+mln.     
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16464" NEWID="1144">
+<DATE> 3-MAR-1987 11:59:25.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0927&#31;reute
+r f BC-ANITEC-IMAGE-&lt;ANTC>-F   03-03 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANITEC IMAGE &lt;ANTC> FILES FOR DEBT OFFERING</TITLE>
+<DATELINE>    BINGHAMTON, N.Y., March 3 - </DATELINE><BODY>Anitec Image Technology Inc
+said it filed a registration statement with the Securities and
+Exchange Commission for a proposed offering of 60 mln dlrs in
+convertible subordinated debentures.
+    Anitec said the proceeds will be used for acquisitions,
+joint ventures and other investments.
+    Anitec said the offering is being underwritten by Smith
+Barney, Harris Upham and Co, Donaldson Lufkin and Jenrette
+Securities, Salomon Inc &lt;SB>, and Mabon Nugent and Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16465" NEWID="1145">
+<DATE> 3-MAR-1987 11:59:39.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0929&#31;reute
+d f BC-AMC-FEBRUARY-CAR-OUTP   03-03 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMC FEBRUARY CAR OUTPUT DECLINES</TITLE>
+<DATELINE>    DETROIT, March 3 - </DATELINE><BODY>American Motors Corp said its February
+U.S. car production declined to 2,978 units from 3,808 a year
+ago.
+    AMC said its U.S. jeep production rose to 18,651 from
+16,673 last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16466" NEWID="1146">
+<DATE> 3-MAR-1987 12:01:30.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0939&#31;reute
+d f BC-SAVIN-&lt;SVB>-IN-PACT-W   03-03 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAVIN &lt;SVB> IN PACT WITH SUN CHEMICAL &lt;SNLA></TITLE>
+<DATELINE>    STAMFORD, Conn., March 3 - </DATELINE><BODY>Savin Corp said it has reached
+an agreement for Sun Chemical Corp to study the potential of
+Savin infrared technology for possible use in classified U.S.
+military applications.
+    It said a royalty-bearing license could result.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16467" NEWID="1147">
+<DATE> 3-MAR-1987 12:03:50.63</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0950&#31;reute
+u f BC-CHILEAN-CONSUMER-PRIC   03-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILEAN CONSUMER PRICES RISE 1.7 PCT IN FEBRUARY</TITLE>
+<DATELINE>    SANTIAGO, March 3 - </DATELINE><BODY>Chile's consumer price index rose 1.7
+pct in February to 562.01 (December, 1978 equals 100) after
+increases of 2.0 pct in January and 0.9 pct in February 1986,
+the government's National Statistics Institute said.
+    Inflation as measured by the index rose to 17.5 pct over
+the 12 months to the end of February, compared with 16.6 pct
+last month and 24.5 pct to the end of February, 1986.
+    In the first two months of the year, inflation was 3.8 pct,
+against 3.6 pct in the same period of 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16468" NEWID="1148">
+<DATE> 3-MAR-1987 12:07:28.54</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0983&#31;reute
+d f BC-COPPER-STUDY-GROUP-CO   03-03 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COPPER STUDY GROUP CONSIDERED AT GENEVA MEETING</TITLE>
+<DATELINE>    GENEVA, March 3 - </DATELINE><BODY>Major copper producing and consuming
+countries are considering a U.S. proposal to set up a study
+group to review the world copper market, delegates said.
+    The U.S. initiative was introduced last December at a
+meeting held here under the auspices of the United Nations
+Conference on Trade and Development (UNCTAD).
+    The U.S., the world's largest copper consumer and second
+biggest producer after Chile, has proposed setting up a body to
+improve statistics and market transparency of the copper
+economy, and provide a forum for discussion.
+    The new body would not aim at negotiating measures to
+stabilise depressed world prices.
+    This week's meeting, which began yesterday, is due to end
+Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16469" NEWID="1149">
+<DATE> 3-MAR-1987 12:07:47.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0986&#31;reute
+d f BC-CRAY-&lt;CYR>-INSTALLS-C   03-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAY &lt;CYR> INSTALLS COMPUTER FOR GRUMMAN &lt;GQ></TITLE>
+<DATELINE>    MINNEAPOLIS, March 3 - </DATELINE><BODY>Cray Research Inc said it installed
+a Cray X-MP/14 supercomputer valued at eight mln dlrs at
+Grumman Corp's Grumman Aerospace Corp.
+    Cray said the system, which includes a 550 solid state
+storage device, was installed in the first quarter at Grumman's
+scientific computer facility in Bethpage, N.Y.
+    The system replaces a Cray-1M/2300 computer system
+installed in 1983. It will be used for engineering and
+scientific applications in the design of aircraft systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16470" NEWID="1150">
+<DATE> 3-MAR-1987 12:08:09.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0989&#31;reute
+h f BC-RESERVE-OIL-&lt;ROIL>-HO   03-03 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESERVE OIL &lt;ROIL> HOLDERS APPROVE NAME CHANGE</TITLE>
+<DATELINE>    ALBUQUERQUE, N.M., March 3 - </DATELINE><BODY>Reserve Oil and Minerals Corp
+said its shareholders approved changing the name of the company
+to Reserve Industries Corp.
+    The company said it has contracted to purchase, process and
+recycle various waste materials generated at the Ogden, Utah,
+zirconium plant of Westinghouse Electric Corp's &lt;WX> Western
+Zieconium subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16471" NEWID="1151">
+<DATE> 3-MAR-1987 12:08:27.83</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0992&#31;reute
+u f BC-JAPAN-BUYS-5,000-TONN   03-03 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS 5,000 TONNES CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, March 3 - </DATELINE><BODY>Japan bought 5,000 tonnes of Canadian
+rapeseed overnight at an undisclosed price for April shipment,
+trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16472" NEWID="1152">
+<DATE> 3-MAR-1987 12:09:34.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A F RM
+&#22;&#22;&#1;f0995&#31;reute
+r f BC-ROYAL-BANK/CANADA-SEE   03-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL BANK/CANADA SEES HIGHER 1987 LOAN LOSSES</TITLE>
+<DATELINE>    MONTREAL, March 3 - </DATELINE><BODY>&lt;Royal Bank of Canada> said it
+estimates 1987 loan losses at one billion dlrs, a 25 mln dlr
+increase over last year.
+    Royal Bank said it set its provisions "given the continued
+debt-servicing problems ... in the North American energy
+industry and the uncertain outlook for energy prices," and also
+continued to add to its general provisions for loans to
+troubled borrower countries.
+    The bank's loan loss provision for the first quarter ended
+January 31 rose to 223 mln dlrs from 187 mln dlrs in the
+year-ago quarter.
+    The bank said non-accrual loans, net of provisions for loan
+losses, totalled 2.2 billion dlrs on January 31, up from 2.0
+billion dlrs a year ago.
+    In reporting lower first quarter earnings, chairman Allan
+Taylor said problems with credit quality--particularly in loans
+associated with the energy sector--continue to have a
+substantial adverse effect on the bank's earnings.
+    Taylor said profitability of the bank's international
+operations remains weak, reflecting resource-related
+difficulties of private and public sector borrowers and
+unsatisfactory results from capital market activities.
+    Taylor said it would be premature to speculate on the
+outcome of debt resturcturing negotiations with Brazil or their
+potential impact on the Royal Bank.
+    The bank earlier reported first quarter profit fell to
+114.1 mln dlrs from 140.4 mln dlrs a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16473" NEWID="1153">
+<DATE> 3-MAR-1987 12:11:00.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0001&#31;reute
+b f BC-PANTERA-&lt;PANT>-AND-PI   03-03 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANTERA &lt;PANT> AND PIZZA &lt;PZA> AGREE TO MERGE</TITLE>
+<DATELINE>    ST. LOUIS, MO., March 3 - </DATELINE><BODY>Pantera's Corp said it agreed in
+principle to acquire Pizza Inn Inc in a cash and stock
+transaction.
+    Under terms of the proposed transaction, each Pizza Inn
+share can be exchanged for either three dlrs in cash plus the
+lesser of 1.4 shares of Pantera's common stock or 11.50 dlrs
+market value of Pantera's stock, or four dlrs in cash plus a
+unit consisting of one share of Pantera's stock and a
+non-transferrable right to receive up to 0.55 share of
+Pantera's stock under certain conditions, it said.
+    Completion of the transaction is subject to arrangement of
+financing, negotiation of a definitive agreement, and various
+regulatory approvals, it said.
+    Pantera's said Pizza Inn's largest shareholder, F.J.
+Spillman, previously granted Pantera's an option to buy more
+than one mln shares of Pizza Inn common stock owned by him.
+    Pantera's also said it retained Drexel Burnham Lambert Inc
+to act as its financial advisor in connection with the merger.
+Pizza Inn has retained Dean Witter Reynolds Inc to act as its
+financial advisor, Pantera's said.
+    Yesterday, Pantera's stock closed at 9.50 dlrs on NASDAQ,
+while Pizza Inn's stock was quoted at 12 dlrs when the Amex
+halted trading pending the announcement of the proposed merger.
+    From its Dallas headquarters, Pizza Inn said completion of
+the transaction is subject to certain conditions including that
+the price of Pantera's stock average not less than seven dlrs
+during the 20 trading days before the merger.
+    Under the agreement, Pizza Inn said it will still be
+permitted to complete a leveraged buyout agreement with Pizza
+Inn Acquiring Corp, which has been approved by its
+shareholders, but is subject to otaining financing.
+   
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16474" NEWID="1154">
+<DATE> 3-MAR-1987 12:11:16.95</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0003&#31;reute
+u f BC-SWISS-MONEY-MARKET-PA   03-03 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS MONEY MARKET PAPER YIELDS 3.286 PCT</TITLE>
+<DATELINE>    ZURICH, March 3 - </DATELINE><BODY>The Swiss Federal Government's new series
+of six-month money market certificates raised 177.5 mln Swiss
+francs at an issue price of 98.401 pct to give an average
+annual yield of 3.286 pct, the National Bank said.
+    Payment date is March 5.
+    The last series of six-month paper issued in January raised
+159.6 mln francs at 98.392 pct to give an average yield of
+3.251 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16475" NEWID="1155">
+<DATE> 3-MAR-1987 12:13:38.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0017&#31;reute
+h f BC-BBL-SHAREHOLDERS-AUTH   03-03 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BBL SHAREHOLDERS AUTHORISE CAPITAL RAISE</TITLE>
+<DATELINE>    BRUSSELS, March 3 - </DATELINE><BODY>Shareholders in Banque Bruxelles
+Lambert &lt;BBLB.B>, BBL, authorised the bank to increase capital
+by five billion francs to 20 billion in the next five years, a
+bank spokesman said.
+    BBL, Belgium's second largest commercial bank, had failed
+to win shareholder approval for the move last month because of
+a lack of quorum. No quorum was required today.
+    BBL has already raised over 5.5 billion francs in new
+capital since April 1985. Board President Jacques Thierry
+reiterated at the meeting that BBL had no plans to raise more
+capital in the near future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16476" NEWID="1156">
+<DATE> 3-MAR-1987 12:13:48.90</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>nigeria</D><D>liberia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0018&#31;reute
+r f BC-NIGERIA,-GUINEA-SET-U   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA, GUINEA SET UP IRON ORE FIRM WITH LIBERIA</TITLE>
+<DATELINE>    LAGOS, March 3 - </DATELINE><BODY>Nigeria and Guinea agreed to set up a new
+company with Liberia to carry out the 14-year-old
+Mifergui-Nimba iron ore project, an official communique said.
+    The communique was issued after two days of talks here
+between Guinean natural resources minister Ousmane Sylla and
+Nigerian minister of mines and power Bunu Sheriff Musa.
+    Originally, Guinea held 50 pct in the project and Nigeria
+16.2 pct with firms from several other countries also involved,
+but the project ran into problems over funding and the slump in
+world iron ore markets.
+    Musa said Liberia was invited to join and its share will be
+decided after a project feasibility study. This would be
+completed in May after which finance will be sought. Officials
+said the study will be undertaken with the help of the World
+Bank, which is also expected to give financial support.
+    Production, originally estimated at 15 mln tonnes a year,
+will be 12 mln initially and is expected to begin in early
+1990.
+    On an agreement between the two countries to prospect for
+uranium in Guinea, the communique said Musa and Sylla agreed
+that because of poor market conditions, it would be extended to
+cover exploration for gold, diamonds, cobalt, nickel and
+silver.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16477" NEWID="1157">
+<DATE> 3-MAR-1987 12:14:01.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0020&#31;reute
+r f BC-DISTRIBUTED-LOGIC-COR   03-03 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DISTRIBUTED LOGIC CORP &lt;DLOG> 1ST QTR LOSS</TITLE>
+<DATELINE>    ANAHEIM, Calif., March 3 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr loss nine cts vs profit 13 cts
+    Net loss 231,256 vs profit 341,730
+    Revs 2,793,677 vs 3,676,296
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16478" NEWID="1158">
+<DATE> 3-MAR-1987 12:14:16.22</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM A
+&#22;&#22;&#1;f0022&#31;reute
+u f BC-CANADA-INDUSTRIAL-PRO   03-03 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA INDUSTRIAL PRODUCTION UP 2.53 PCT</TITLE>
+<DATELINE>    OTTAWA, March 3 - </DATELINE><BODY>Canadian industrial production rose 2.53
+pct in December after falling 0.51 pct in November, Statistics
+Canada said.
+    The federal agency said year-over-year production was off
+0.65 pct in December, compared with a decline of 1.65 pct in
+November.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16479" NEWID="1159">
+<DATE> 3-MAR-1987 12:16:30.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0024&#31;reute
+u f BC-LIFETIME-&lt;LFT>-TO-BUY   03-03 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFETIME &lt;LFT> TO BUY SHARES OF NIPPON LACE</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Lifetime Corp said it agreed to buy
+five mln shares, or 16 pct, of &lt;Nippon Lace Co Ltd> for 3.28
+dlrs a share, or 16.5 mln dlrs.
+    It said it plans to enter the health care business in
+Japan.
+    In addition, it said &lt;Koba Electronics Co Ltd>, an
+affiliate of Lifetime, will buy four mln unissued shares, or a
+12 pct stake, of Nippon for 20 mln dlrs or five dlrs a share.
+    The company said Ohta Shoji, chief executive officer of
+&lt;Toho Mutual Life Insurance Co>, owns the majority of Koba
+Electronics' shares. Toho Mutual Life is also the largest
+shareholder in Nippon Lace, the company said.
+    Lifetime also said the &lt;Private Bank and Trust of Zurich>,
+on behalf of Lifetime director and shareholder Terence Ramsden,
+intends to subscribe for two mln shares of Nippon Lace at the
+same price paid by Lifetime.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16480" NEWID="1160">
+<DATE> 3-MAR-1987 12:16:37.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0025&#31;reute
+r f BC-INTERMEDICS-INC-&lt;ITM>   03-03 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERMEDICS INC &lt;ITM> 1ST QTR NET</TITLE>
+<DATELINE>    ANGLETON, Tex. March 3 -
+    </DATELINE><BODY>Oper shr 26 cts vs 18 cts
+    Oper net 2,877,000 vs 1,363,000
+    Revs 44.3 mln vs 40.8 mln
+    Avg shrs 10.9 mln vs 10.5 mln
+    NOTE: prior qtr excludes loss 475,000, or five cts per
+share, for discontinued operations for the sale of subsidiaries
+Intermedics Intraocular Inc, Electronics Inc, and Intermedics
+Infusaid Inc.
+    Excludes 1987 qtr 1,694,000 operating loss carryforwards vs
+78,000 qtr prior.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16481" NEWID="1161">
+<DATE> 3-MAR-1987 12:17:44.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0032&#31;reute
+d f BC-MODULAR-TECHNOLOGY-&lt;M   03-03 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MODULAR TECHNOLOGY &lt;MTIK> NAMES PRESIDENT</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Modular Technology Inc said its board of
+directors elected Frederick H. Goldberger, a business
+consultant, to be president of the company.
+    Modular Technology's former president, Harvey T. Lyon, was
+named senior managing director and will continue on the board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16482" NEWID="1162">
+<DATE> 3-MAR-1987 12:20:05.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0041&#31;reute
+d f BC-CANONIE-ENVIRONMENTAL   03-03 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANONIE ENVIRONMENTAL &lt;CANO> GETS CONTRACT</TITLE>
+<DATELINE>    PORTER, Ind., March 3 - </DATELINE><BODY>Canonie Environmental Services Corp
+said it signed a contract to design and build a ground water
+cleanup system for Purex Industries Inc to be installed at a
+Mitchel Field Transit Authority site in Nassau County, N.Y.
+    Canonie said the contract for work, which will complete a
+project begun earlier at the site, is worth "several million
+dlrs."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16483" NEWID="1163">
+<DATE> 3-MAR-1987 12:21:14.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0047&#31;reute
+b f BC-VICTORIA-STATE-BODY-I   03-03 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VICTORIA STATE BODY ISSUES CANADIAN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Victorian Public Authorities Finance
+Agency is issuing a 100 mln Canadian dlr bond due April 15,
+1992 paying 8-1/2 pct and priced at 100-5/8 pct, lead manager
+Wood Gundy Ltd said.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 Canadaian dlrs and will be listed in
+Luxembourg. It is guaranteed by the State of Victoria.
+    The selling concession is 1-1/4 pct while management and
+pays 1/4 pct and underwriting 3/8 pct. The payment date is
+April 15.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16484" NEWID="1164">
+<DATE> 3-MAR-1987 12:21:57.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0051&#31;reute
+b f BC-******BENEFICIAL-CORP   03-03 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BENEFICIAL CORP TO SELL INSURANCE UNIT, REMOVING COMPANY FROM INSURANCE BUSINESS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16485" NEWID="1165">
+<DATE> 3-MAR-1987 12:22:41.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0055&#31;reute
+b f BC-******WALGREEN-CO-FEB   03-03 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WALGREEN CO FEBRUARY SALES UP 18.8 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16486" NEWID="1166">
+<DATE> 3-MAR-1987 12:25:40.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0060&#31;reute
+f f BC-loral-downgrade   03-03 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LORAL CORP LOWERED BY STANDARD AND POOR'S, AFFECTS 640 MLN DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16487" NEWID="1167">
+<DATE> 3-MAR-1987 12:27:35.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0069&#31;reute
+f f BC-ford-canada-dividend   03-03 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORD CANADA CUTS ANNUAL DIVIDEND BY SIX DLRS TO SIX DLRS CASH A SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16488" NEWID="1168">
+<DATE> 3-MAR-1987 12:31:42.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0076&#31;reute
+r f BC-ELECTROSPACE-&lt;ELE>-GE   03-03 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROSPACE &lt;ELE> GETS ARMY OK FOR CONTRACT</TITLE>
+<DATELINE>    RICHARDSON, Texas, March 3 - </DATELINE><BODY>Electrospace Systems Inc said
+it was ordered by the U.S. Army to immediately proceed with the
+design and production of a computer-based control system for
+the army's tactical voice and data communications network, in a
+contract potentially worth 101 mln dlrs.
+    It said the order followed a favorable ruling by the
+General Accounting Office on two protests that earlier caused a
+stop work order on the 26.8 mln dlr contract, awarded last
+September. It said that order covers 59 mobile shelter-based
+systems and 44 remote terminals, with options for 279 mobile
+units and 178 remote units for a total of 101 mln dlrs.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16489" NEWID="1169">
+<DATE> 3-MAR-1987 12:32:55.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0083&#31;reute
+s f BC-PAINE-WEBBER-RESIDENT   03-03 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAINE WEBBER RESIDENTIAL REALTY INC &lt;PWM> DIV</TITLE>
+<DATELINE>    COLUMBIA, Md. March 3 -
+    </DATELINE><BODY>Qtrly 25 cts vs 16 cts
+    Pay March 30
+    Record March 13
+    NOTE: Prior qtr is for two months operation, October and
+November and represents a parital dividend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16490" NEWID="1170">
+<DATE> 3-MAR-1987 12:33:23.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0087&#31;reute
+s f BC-OMNICOM-GROUP-&lt;OMCM>   03-03 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMNICOM GROUP &lt;OMCM> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 3 -
+    </DATELINE><BODY>Qtlry div 24.5 cts vs 24.5 cts
+    Pay April 6
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16491" NEWID="1171">
+<DATE> 3-MAR-1987 12:33:33.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0088&#31;reute
+r f BC-DATACORPY-&lt;DCPY>-IN-P   03-03 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATACORPY &lt;DCPY> IN PACT WITH XEROX &lt;XRX></TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., March 3 - </DATELINE><BODY>Datacopy Corp said it has
+signed a joint marketing agreement for its Model 730 office
+image scanner with Xerox Corp.
+    Under the pact, Xerox sales force will reference-sell the
+scanner as its choice for desktop publishing applications.
+   Datacopy will supply Xerox with technical support and
+respond to customer orders within 30 days of the purchase
+order.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16492" NEWID="1172">
+<DATE> 3-MAR-1987 12:35:04.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0096&#31;reute
+r f BC-ARGOSYSTEMS-&lt;ARGI>-WI   03-03 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGOSYSTEMS &lt;ARGI> WINS GOVERNMENT CONTRACT</TITLE>
+<DATELINE>    SUNNYVALE, Calif., March 3 - </DATELINE><BODY>ARGOSystems Inc said it won a
+15-mln-dlr contract with the U.S. Government to deliver 25
+digital signal processing systems with spares over the next
+three years.
+    The company said it how has a record backlog of over 155
+mln dlrs, up 30 pct from a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16493" NEWID="1173">
+<DATE> 3-MAR-1987 12:36:07.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0103&#31;reute
+d f BC-KNUTSON-MORTGAGE-&lt;KNM   03-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KNUTSON MORTGAGE &lt;KNMC> SEES STRONG SECOND QTR</TITLE>
+<DATELINE>    BLOOMINGTON, Minn., March 3 - </DATELINE><BODY>Knutson Mortgage Corp said it
+expects strong earnings performance for its initial fiscal
+second quarter earnings ending March 31 since going public in
+September 1986.
+    Albert Holderson, Knutson chairman, said he expects
+earnings of about 40 cts per share for the quarter as a result
+of a strong mortgage business during the quarter.
+    Knutson earlier declared a quarterly dividend of 10 cts a
+share, versus 10 cts a share prior, payable April 13 to
+shareholders of record March 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16494" NEWID="1174">
+<DATE> 3-MAR-1987 12:38:59.20</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0109&#31;reute
+r f BC-DANISH-RESERVES-RISE   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH RESERVES RISE IN FEBRUARY</TITLE>
+<DATELINE>    COPENHAGEN, March 3 - </DATELINE><BODY>Denmark's net official reserves rose
+to 36.34 billion crowns in February from 28.00 billion in
+January, against a revised 45.85 billion in February 1986, the
+central bank said in its monthly balance sheet report.
+    Total net reserves, including reserves held by commercial
+and major savings banks, rose to 38.26 billion crowns from
+30.11 billion in January compared with a revised 35.99 billion
+in February last year.
+    The bank said provisional figures showed net registered
+private and public capital imports of 10.3 billion crowns in
+February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16495" NEWID="1175">
+<DATE> 3-MAR-1987 12:40:56.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0114&#31;reute
+r f BC-WORLD-BANK-TEAM-ARRIV   03-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK TEAM ARRIVES IN UGANDA</TITLE>
+<DATELINE>    KAMPALA, March 3 - </DATELINE><BODY>A World Bank team led by senior
+economist Katrine Saito arrived in Uganda for talks on an
+economic recovery program projected to cost one billion dlrs
+over three years.
+    The four-member mission is expected to stay two to three
+weeks. An International Monetary Fund (IMF) team is due here
+over the same period, a World Bank offical said.
+    The World Bank last year criticised Uganda's policies on
+deficit financing and exchange and interest rates, issues
+likely to dominate talks on the government's proposed recovery
+program.
+    Finance Minister Chrispus Kiyonga said last month that most
+of the one billion dlrs would go towards rehabilitating
+industries, repairing and maintaining roads and buying tractors
+and other agricultural needs.
+    He did not say where the money would come from, but
+diplomats expect the government to ask the World Bank and other
+foreign donors to provide most of the foreign exchange portion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16496" NEWID="1176">
+<DATE> 3-MAR-1987 12:43:33.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0125&#31;reute
+r f BC-INTERMEDICS-INC-&lt;ITM>   03-03 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERMEDICS INC &lt;ITM> 1ST QTR FEB ONE NET</TITLE>
+<DATELINE>    ANGLETON, Texas, March 3 -
+    </DATELINE><BODY>Oper shr 26 cts vs 18 cts
+    Oper net 2,877,000 vs 1,838,000
+    Revs 44.3 mln vs 40.8 mln
+    NOTE: Current 1st qtr oper net excludes operating loss
+carryforward of 1,694,000 or 16 cts per share. 1986 1st qtr
+oper net excludes loss carryforward of 78,000 dlrs or one ct
+per share and loss from discontinued operations of 475,000
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16497" NEWID="1177">
+<DATE> 3-MAR-1987 12:43:47.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0127&#31;reute
+r f BC-CARME-INC-&lt;CAME>-2ND   03-03 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARME INC &lt;CAME> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    NOVATO, Calif., March 3 -
+    </DATELINE><BODY>Shr nine cts vs one ct
+    Net 247,489 vs 27,301
+    Sales 1,933,107 vs 796,613
+    Six mths
+    Shr 21 cts vs five cts
+    Net 565,106 vs 121,997
+    Sales 3,781,970 vs 1,778,110
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16498" NEWID="1178">
+<DATE> 3-MAR-1987 12:43:56.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0128&#31;reute
+r f BC-WILLCOX-AND-GIBBS-INC   03-03 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLCOX AND GIBBS INC &lt;WG> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 3 -
+    </DATELINE><BODY>Shr 42 cts vs 76 cts
+    Net 2.3 mln vs 3.3 mln
+    Revs 72.3 mln vs 59.8 mln
+    Year
+    Shr 1.48 dlrs vs 2.59 dlrs
+    Net 7.6 mln vs 11.1 mln
+    Revs 261.7 mln vs 224.7 mln
+    NOTE: 1985 net includes extraordinary gain of 1.5 mln dlrs
+or 35 cts per share in 4th qtr and 5.1 mln or 1.19 dlrs for the
+year.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16499" NEWID="1179">
+<DATE> 3-MAR-1987 12:45:48.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0134&#31;reute
+r f BC-WALGREEN-&lt;WAG>-FEBRUA   03-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALGREEN &lt;WAG> FEBRUARY SALES RISE</TITLE>
+<DATELINE>    DEERFIELD, Ill., March 3 - </DATELINE><BODY>Walgreen Co said its sales in
+February rose 18.8 pct over sales during the same month last
+year.
+    Walgreen said it sold 328.5 mln dlrs worth of goods in
+February, up from 276.5 mln in February 1986.
+    This year's February figures include sales from 65 Medi
+Mart drugstores acquired last June by the company. At February
+28, Walgreen operated 1,410 retail units in 30 states and
+Puerto Rico compared to 1,263 last year.
+    Calendar year-to-date sales were up 17.2 pct at 666.7 mln
+compared to 569 mln last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16500" NEWID="1180">
+<DATE> 3-MAR-1987 12:46:21.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0136&#31;reute
+f f BC-Italian-government-ha   03-03 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Italian government has resigned, officials announced
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16501" NEWID="1181">
+<DATE> 3-MAR-1987 12:48:12.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0142&#31;reute
+r f BC-OMNICOM-GROUP-INC-&lt;OM   03-03 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMNICOM GROUP INC &lt;OMCM> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 3 -
+    </DATELINE><BODY>Shr profit 27 cts vs profit 51 cts
+    Net profit 6,600,000 vs profit 12.2 mln
+    Revs 211.7 mln vs 193.4 mln
+    Qtly div 24.5 cts vs 24.5 cts
+    Avg shrs 24.2 mln vs 23.8 mln
+    Year
+    Shr loss 17 cts vs profit 1.27 dlrs
+    Net loss 4,077,000 vs profit 30.1 mln
+    Revs 753.5 mln vs 673.4 mln
+    Avg shrs 24.4 mln vs 23.7 mln
+    NOTE: Qtly div payable April six to holders of record March
+16.
+    1986 4th qtr and year net includes a charge of 5.9 mln dlrs
+and 31.4 mln dlrs, respectively, for corporate restructuring.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16502" NEWID="1182">
+<DATE> 3-MAR-1987 12:48:38.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0144&#31;reute
+u f BC-ford-canada-dividend   03-03 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD MOTOR CO OF CANADA LTD&lt;FC> CUTS ANNUAL DIV</TITLE>
+<DATELINE>    OAKVILLE, Ontario, March 3 -
+    </DATELINE><BODY>Annual div six dlrs vs 12 dlrs prior
+    Pay March 19
+    Record March 13
+    Note: 1986 payout includes two dlrs a share extra dividend
+    1985 payout includes four dlrs a share extra dividend
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16503" NEWID="1183">
+<DATE> 3-MAR-1987 12:48:58.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0146&#31;reute
+b f BC-ITALIAN-GOVERNMENT-RE   03-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN GOVERNMENT RESIGNS</TITLE>
+<DATELINE>    ROME, March 3 - </DATELINE><BODY>Italian Prime Minister Bettino Craxi and
+his five-party coalition government have resigned, officials
+said.
+    A statement from the Quirinal presidential palace said head
+of state Francesco Cossiga had reserved his decision on whether
+to accept the resignation, normal procedure when a government
+stands down.
+    The statement said Cossiga had asked Craxi, who has been
+prime minister for a post-war record of three-and-a-half years,
+to continue to handle current government business.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16504" NEWID="1184">
+<DATE> 3-MAR-1987 12:49:09.01</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0147&#31;reute
+u f BC-abms-copper-stocks   03-03 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTAL U.S. COPPER STOCKS LOWER IN JANUARY</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Total copper stocks held by U.S. rod
+mills and refiners (including wirebars, cathodes, scrap, rod
+and in-process material) dropped to 155,467,000 lbs at the end
+of January from 203,513,000 lbs at the end of December, the
+American Bureau of Metal Statistics said.
+    Rod stocks held by refiners and rod mills decreased to
+61,384,000 lbs in January from 69,986,000 lbs in December.
+    Cathode inventories at rod mills fell to 86,456,000 lbs in
+January from 124,409,000 lbs in December, while wirebar stocks
+were lower at 3,508,000 lbs versus 4,913,000 lbs in December.
+    December rod mill wirebar use nearly doubled to 3,148,000
+lbs in January from 1,540,000 lbs in December. Cathode use by
+mills and refiners increased to 255,266,000 lbs in January from
+238,821,000 lbs in December.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16505" NEWID="1185">
+<DATE> 3-MAR-1987 12:53:09.38</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0162&#31;reute
+u f BC-gulf-barge-srw-wheat   03-03 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONE OFFER FOR SRW WHEAT ON CALL SESSION, NO MILO</TITLE>
+<DATELINE>    ST LOUIS, March 3 - </DATELINE><BODY>One offer but no bid was posted for SRW
+wheat on the call session at the St Louis Merchants Exchange
+today. There were no bids or offers for milo.
+    June 15-July 15 bill of lading for wheat was offered at 17
+over July, no comparison, no bid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16506" NEWID="1186">
+<DATE> 3-MAR-1987 12:54:11.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0169&#31;reute
+u f BC-LORAL-&lt;LOR>-DEBT-LOWE   03-03 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LORAL &lt;LOR> DEBT LOWERED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Standard and Poor's Corp said it
+lowered the ratings on Loral Corp's subordinated debt to BBB
+from A-minus.
+    The issue is removed from creditwatch where it was placed
+with negative implications in January after Loral said it
+planned to acquire Goodyear Aerospace Corp for 640 mln dlrs.
+    S/P said the acquisition enhances Loral's competitive
+position in the defense electronics industry by broadening its
+technology and program base. But most measures of financial
+risk deteriorate, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16507" NEWID="1187">
+<DATE> 3-MAR-1987 12:54:48.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0173&#31;reute
+r f BC-GUARANTEE-&lt;GFCC>-UNIT   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUARANTEE &lt;GFCC> UNIT'S DEBT ON S/P WATCH</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Standard and Poor's Corp said it placed
+the subordinated debt of Guarantee Savings and Loan
+Association, the principle unit of Guarantee Financial Corp, on
+creditwatch with positive implications.
+    About 57 mln dlrs of debt is affected.
+    S/P said the move follows Gurantee's definitive agreement
+to be acquired by Glendale Federal Savings and Loan, the fifth
+largest S and L in the U.S.
+    The combination with Glendale should enhance the
+creditworthiness of Guarantee's debt, S/P said.
+    Gurantee's subordinated debt is currently rated B.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16508" NEWID="1188">
+<DATE> 3-MAR-1987 12:54:57.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0174&#31;reute
+r f BC-UNITED-HEALTHCARE-COR   03-03 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED HEALTHCARE CORP &lt;UNIH> 4TH QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 3 - 
+    </DATELINE><BODY>Shr 10 cts vs 13 cts
+    Net 1,553,000 vs 1,541,000
+    Revs 73.1 mln vs 32.1 mln
+    Avg shrs 15,474,000 vs 12,316,000
+    Year
+    Shr 47 cts vs 24 cts
+    Net 7,241,000 vs 2,835,000
+    Revs 216.2 mln vs 101.2 mln
+    Avg shrs 15,492,000 vs 11,921,000
+    Note: Net income includes extraordinary profit from
+recognition of tax loss carryforward of 920,000 dlrs, or six
+cts a share, in 1986 year, and of 785,000 dlrs, or seven cts a
+share, in both 1985 periods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16509" NEWID="1189">
+<DATE> 3-MAR-1987 12:55:04.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0175&#31;reute
+r f BC-GENERAL-AUTOMATION-&lt;G   03-03 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL AUTOMATION &lt;GENA> SETS LEASING PACT</TITLE>
+<DATELINE>    ANAHEIM, Calif., March 3 - </DATELINE><BODY>General Automation Inc said it
+has arranged a ten-mln-dlr leasing facility with Wells Fargo
+and Co's &lt;WFC> Wells Fargo Leasing Corp.
+    The program is a one-year facility that will allow
+financing for ZEBRA computers, other General Automation systems
+and applications sofware, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16510" NEWID="1190">
+<DATE> 3-MAR-1987 12:55:12.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0176&#31;reute
+r f BC-LONDON-OPTIONS-MARKET   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON OPTIONS MARKET SEES CONTINUED HIGH GROWTH</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The London Stock Exchange's traded
+options market plans volume growth of at least 80 pct a year,
+and will more than double the range of options available by the
+end of 1988, options committee chairman Geoffrey Chamberlain
+said.
+    He told a news conference that more options contracts were
+traded in 1986 than in the previous seven years of the market's
+existence.
+    Chamberlain said the daily average volume of contracts
+traded in February this year almost tripled to 53,056 from
+19,034 in the same month last year, and further rapid growth
+was expected.
+    "We're aiming for 100 stock option classes by the end of
+1988," said Chamberlain. These would correspond to the eligible
+constituents of the FT-SE 100 share index.
+    Chamberlain added that two new equity options were to be
+introduced this month. Options will be available in Sears Plc
+&lt;SEHL.L> from March 4, and in Plessey Co. Plc &lt;PLYL.L> from
+March 19.
+    The London Stock Exchange is the largest outside the United
+States for options trading. Forty-five equity options, two
+currency options, two government bond (gilt) options and an
+option on the FTSE-100 index are available at present.
+    Chamberlain said the Stock Exchange aimed to consolidate
+the London options market's leading position in Europe,
+especially important with French and Swiss equity options
+trading planned to start this year.
+    "I'd go so far as to say the plans for growth are
+conservative," one leading options analyst said, predicting
+continuing volume growth of around 20 pct a month for at least
+the next year.
+    He said much of the recent growth in options had come from
+inter-market-maker trading aimed at hedging book positions. But
+now the retail options market was beginning to take off.
+    The market trades from a corner of the now largely deserted
+floor of the London Stock Exchange. The floor has been left
+almost empty in the wake of the recent regulatory changes in
+the equity and gilts (government bond) markets, which have
+encouraged a move to electronic off-floor trading.
+    Yesterday, the Stock Exchange decided to close the floor to
+equities trading altogether, and said it expected to make a
+final decision on the floor's future by the end of 1987.
+    The floor space could be used for a purpose-built options
+market, but Chamberlain said that it was unlikely that the
+options market would need more than half of the available
+space.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16511" NEWID="1191">
+<DATE> 3-MAR-1987 12:55:22.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0177&#31;reute
+r f BC-RAYTECH-CORP-&lt;RAY>-4T   03-03 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYTECH CORP &lt;RAY> 4TH QTR DEC 28 NET</TITLE>
+<DATELINE>    TRUMBULL, Conn., March 3 -
+    </DATELINE><BODY>Shr profit 78 cts vs loss 1.05 dlrs
+    Net profit 2,336,000 vs loss 3,002,000
+    Revs 26.0 mln vs 26.7 mln
+    Year
+    Shr profit 1.59 dlrs vs loss 6.35 dlrs
+    Net profit 4,688,000 vs loss 18.2 mln
+    Revs 113.5 mln vs 112.4 mln
+    NOTE: 1986 4th qtr and yr includes loss carryfoward of
+534,000 dlrs and 1,662,000 dlrs, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16512" NEWID="1192">
+<DATE> 3-MAR-1987 12:55:41.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0180&#31;reute
+r f BC-DATAMAG-INC-&lt;DMAG>-1S   03-03 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATAMAG INC &lt;DMAG> 1ST QTR DEC 31 LOSS</TITLE>
+<DATELINE>    SCOTTSDALE, Ariz., March 3 -
+    </DATELINE><BODY>Net loss 92,623 vs profit 11,209
+    Sales 93,483 vs 189,388
+    Note: per share data not available, as company went public
+in January, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16513" NEWID="1193">
+<DATE> 3-MAR-1987 12:56:05.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A F RM
+&#22;&#22;&#1;f0183&#31;reute
+r f BC-ROYAL-BANK-SEES-IMPRO   03-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL BANK SEES IMPROVED RESULTS</TITLE>
+<DATELINE>    MONTREAL, March 3 - </DATELINE><BODY>&lt;Royal Bank of Canada>, in reporting a
+19 pct drop in first quarter earnings, said it expects to
+report improved results in future earnings periods.
+    "Healthy consumer credit growth, record fee-based income,
+highly profitable securities and foreign exchange trading, and
+a solid capital position...combined with the restraint of
+non-interest expenses, should lead to improved results in the
+periods ahead," chairman Allan Taylor said in a statement.
+    The bank earlier reported profit for the first quarter
+ended January 31 fell to 114 mln dlrs from 140 mln dlrs a year
+ago.
+    Taylor said loans to the energy sector continue to
+substantially hurt earnings while profitability of the bank's
+international operations remains weak, reflecting
+resource-related difficulties of private and public sector
+borrowers and unsatisfactory results from capital market
+activities.
+    The bank said earnings from domestic operations rose to 103
+mln dlrs in the first quarter from 98 mln dlrs a year ago while
+earnings from international operations plunged to 11 mln dlrs
+from 42 mln dlrs last year.
+    Royal Bank said first quarter international net interest
+income declined from last year, reflecting reduced revenues
+from international investment banking as well as a significant
+loss on disposal of its affiliate in Trinidad and Tobago.
+    Other income rose to 251 mln dlrs from 220 mln dlrs last
+year. The rise was due to higher commercial banking and retail
+deposit service fees, and higher foreign exchange revenue but
+lower securities commissions from international investment bank
+operations partly offset the gains, Royal Bank said.
+    The bank said a two billion dlr increase in total assets to
+98.7 billion dlrs was due mainly to continued growth in
+consumer lending, particularly residential mortgages.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16514" NEWID="1194">
+<DATE> 3-MAR-1987 12:56:30.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0186&#31;reute
+b f BC-WORLD-BANK-LAUNCHES-3   03-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LAUNCHES 300 MLN MARKKA BOND ISSUE</TITLE>
+<DATELINE>    HELSINKI, March 3 - </DATELINE><BODY>The World Bank is launching a 300 mln
+markka seven-year straight issue, due March 11, 1994 with a
+coupon of 10 pct payable semi-annually and an issue price of
+101-1/8, lead manager Postipankki said.
+    It said fees totalled 1-3/4 pct, of which 1-3/8 pct for
+selling and 3/8 pct for managment and underwriting combined
+including a 1/8 pct praecipuum.
+    Denominations are 10,000, 100,000 and one mln markka and
+listing is in Helsinki, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16515" NEWID="1195">
+<DATE> 3-MAR-1987 12:57:40.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0196&#31;reute
+r f BC-SUN-MICROSYSTEMS-&lt;SUN   03-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN MICROSYSTEMS &lt;SUNW> SETS PACT WITH PHILIPS</TITLE>
+<DATELINE>    SEATTLE, March 3 - </DATELINE><BODY>Sun Microsystems Inc said it has agreed
+to cooperate with Philips Corporate Group Home Interactive
+Systems, a Dutch electronics firm, to develop a multi-media
+authoring computer system.
+    The system will be based upon the integration of Sun
+workstation and Compact Disc Interactive technologies, the
+company said.
+    The authoring systems are collections of hardware, system
+utilities and software to enable Comact Disc Interactive
+application developers to design, assemble and test
+interactive, multi-media applications in entertainment,
+education and information for consumer and institutions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16516" NEWID="1196">
+<DATE> 3-MAR-1987 12:57:45.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0197&#31;reute
+d f BC-STEELHEAD-RESOURCES-&lt;   03-03 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEELHEAD RESOURCES &lt;SHZ> LEASES FELDSPAR MINE</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 3 - </DATELINE><BODY>Steelhead Resources Ltd said it
+has leased some feldspar deposits and will begin feldspar
+mining operations near Wickenburg, Arizona.
+    The company said the deposits contain in excess of 500,000
+tons of feldspar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16517" NEWID="1197">
+<DATE> 3-MAR-1987 12:58:39.80</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0198&#31;reute
+r f BC-BELGIAN-SAYS-EC-WOULD   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN SAYS EC WOULD REACT TO TEXTILE BILL</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Belgian Foreign Trade Minister Herman
+De Croo said if Congress passed legislation curbing world
+textile imports the only way the European Community (EC) could
+react was to retaliate.
+    De Croo said at a news conference "if you limit textile
+imports, you will re-orient textiles to Europe."
+    And that he said would trigger EC taxes on U.S. goods.
+    Congress passed a textile bill two years ago, but it was
+vetoed by President Reagan on grounds that curbing imports to
+protect the domestic textile industry would trigger retaliation
+U.S. trading partners.
+    A similar bill has been introducted this year, in a
+Congress with a bigger Democratic majority and with a President
+weakened by the Iran scandal.
+    De Croo, here for talks with Administration officials and
+Congressmen, said if a textile bill passed, "the only way we
+could react would be retaliation, and it would cause more
+retaliation, which is not a good way to deal with problems."
+    He said if a textile bill was enacted, "we will impose taxes
+on a lot of American products."  He said "it would be stupid. We
+have to avoid that."
+    He said Congressmen seem upset mosty with Japan, because of
+its massive trade suprlus with the United States, and not with
+EC nations, but EC nations will be hurt by the diverted 
+shipments of Asian textiles.
+    De Croo also criticized the way U.S. officials try to solve
+EC trade issues, saying "each time we come in contact, it a
+conflict contact. The clouts are coming fom the West."
+    He said it then is a crisis atmosphere with officials cross
+the Atlantic and dramatized with headlines.
+    "This is not the way to work in a serious way between two
+big powers," De Croo said.
+   
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16518" NEWID="1198">
+<DATE> 3-MAR-1987 13:02:15.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0208&#31;reute
+u f BC-KAY-CORP-&lt;KAY>-4TH-QT   03-03 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAY CORP &lt;KAY> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 3 -
+    </DATELINE><BODY>Oper shr 25 cts vs 1.21 dlrs
+    Oper net 1,366,000 vs 6,287,000
+    Revs 251.3 mln vs 107.1 mln
+    Year
+    Oper shr 1.10 dlrs vs 1.06 dlrs
+    Oper net 5,552,000 vs 4,982,000
+    Revs 827.5 mln vs 434.4 mln
+    NOTE: Oper net excludes results of Kay Jewelers Inc, a
+former subsidiary. On Dec 31, 1986 company distributed
+remaining 80.4 pct interest in subsidiary to Kay Corp holders.
+    1985 amts restated in connection with company's
+distribution of investment in Kay Jewelers Inc.
+    1986 4th qtr and yr oper net excludes 8,308,000 dlrs or
+1.52 dlrs per share, and 7,774,000 dlrs or 1.54 dlrs per share,
+respectively, for equity in net income of spun-off unit. 1985
+4th qtr and yr oper net excludes 6,806,000 dlrs or 1.28 dlrs
+per share and 5,770,000 dlrs or 1.09 dlrs per share,
+respectively, for equity in net earnings of spun-off unit.
+    1985 oper net also excludes 2,778,000 or 52 cts per share
+for adoption of new pension accounting rules and ine cts per
+share for gain from assets sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" CSECS="540385847" OLDID="16519" NEWID="1199">
+<DATE>3-MAR-1987  13:04:18.47</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0221&#31;reute
+f f BC-******ROSTENKOWSKI-SA   03-03 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROSTENKOWSKI SAYS HE WILL OPPOSE PROTECTIONIST TRADE BILL IN U.S. HOUSE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16520" NEWID="1200">
+<DATE> 3-MAR-1987 13:06:07.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0235&#31;reute
+d f BC-PANTASOTE-INC-&lt;PNT>-4   03-03 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANTASOTE INC &lt;PNT> 4TH QTR LOSS</TITLE>
+<DATELINE>    GREENWICH, Conn., March 3 -
+    </DATELINE><BODY>Oper shr loss four cts vs loss 33 cts
+    Oper net loss 154,000 vs loss 1,301,000
+    Sales 30.0 mln vs 27.0 mln
+    Year
+    Oper shr profit 60 cts vs loss 16 cts
+    Oper net profit 2,364,000 vs loss 608,000
+    Sales 113.5 mln vs 132.8 mln
+    NOTE: Net excludes extraordinary charges from provision for
+roofing products warranties and costs from sale of
+printing/laminate division of 320,000 dlrs vs 10.3 mln dlrs in
+quarter and 4,3200,000 dlrs vs 12.7 mln dlrs in year.
+    Net excludes tax credits of 62,000 dlrs vs 41,000 dlrs in
+quarter and 127,000 dlrs vs 88,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16521" NEWID="1201">
+<DATE> 3-MAR-1987 13:07:32.63</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0239&#31;reute
+b f BC-ROSTENKOWSKI-OPPOSES   03-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSTENKOWSKI OPPOSES PROTECTIONIST TRADE BILL</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>House Ways and Means Committee
+Chairman Dan Rostenkowski said Congress must avoid a temptation
+to pass a protectionist trade bill this year.
+    In remarks prepared for delivery before the National Press
+Club, Rostenkowski, D-Ill., predicted major trade legislation
+will be sent to President Reagan by the end of this year.
+    But he warned that his "conciliatory message" on the trade
+bill did not mean he would oppose a proposal that would warn
+other countries their access to the American market would be
+curtailed unless they opened their markets to U.S. goods.
+    "Complaints about (foreign trade) restraints are not a
+smoke screen for protectionism, they a plea for fairness,"
+Rostenkowski said.
+    "It is only reasonable to ask the nations that have denied
+us access to open up in return for continued freedom in the
+American market," he added.
+    However, he said there would likely be changes in the
+market access proposal from the plan which cleared the House
+last year. That plan would have set a specific time table for
+foreign countries to ease import restraints or they would face
+a 25 pct cut in exports to the United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16522" NEWID="1202">
+<DATE> 3-MAR-1987 13:07:41.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0240&#31;reute
+r f BC-CORRECTED---GM-SEES-R   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - GM SEES RISE IN EUROPEAN SALES</TITLE>
+<DATELINE>    GENEVA, March 3 - </DATELINE><BODY>General Motors hopes to sell between
+7,000 and 8,000 North American-made vehicles in Europe this
+year, a five-fold rise over the year before, James Fry, vice-
+president of GM Overseas Distribution Corporation said.
+    "The low dollar makes our prices very attractive," he told a
+news briefing before the opening of the Geneva Motor Show.
+    "We would like to sell between 7,000 and 8,000 units in
+Europe for the year to August 1987," he told Reuters later.
+Officials said GM sold 1,500 North American-made vehicles in
+the 1986 model year.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16523" NEWID="1203">
+<DATE> 3-MAR-1987 13:08:10.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0241&#31;reute
+u f BC-IMTEC-&lt;IMTC>-GETS-MER   03-03 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMTEC &lt;IMTC> GETS MERGER OFFER</TITLE>
+<DATELINE>    BELLOWS FALLS, Vt., March 3 - </DATELINE><BODY>Imtec Inc said some
+shareholders of Computer Identics Inc &lt;CIDN> have proposed a
+merger of the two companies.
+    The company said the shareholders had previously expressed
+dissatisfaction with Computer Identics' management and had
+informed Computer Identics that the present board no longer had
+the support of a majority of shares held.
+    It said the shareholders had called for the resignation of
+all but one of Computer Identics' directors and suggested that
+a new board pursue merger talks with Imtec.  But Imtec said no
+merger talks havew yet taken place.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16524" NEWID="1204">
+<DATE> 3-MAR-1987 13:08:45.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0246&#31;reute
+r f BC-CORRECTED---GM-SEES   03-03 0110</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTED - GM SEES
+    Fry said at an average price of 13,000 dollars, his
+projected sales figure for North American-made GM cars in
+Europe would mean turnover of between 91 million and 104
+million dollars.
+    GM sales in Europe of North American-made cars in the 1985
+model year totalled 500 vehicles, due largely to uncompetitive
+prices because of the then strong dollar, Fry said.
+    The North American-made GM vehicles sold in Europe are
+manufactured in the United States and Canada, he said, with
+most sales in Switzerland followed by Sweden and West Germany.
+    -- inserting dropped words to make clear story refers only
+to North American-made GM cars.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16525" NEWID="1205">
+<DATE> 3-MAR-1987 13:11:08.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0252&#31;reute
+r f BC-KAY-JEWELERS-INC-&lt;KJI   03-03 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAY JEWELERS INC &lt;KJI> 4TH QTR NET</TITLE>
+<DATELINE>    ALEXANDRIA, Va., March 3 -
+    </DATELINE><BODY>Shr 1.62 dlrs vs 1.33 dlrs
+    Net 10.3 mln vs 8,459,000
+    Revs 127.5 mln vs 95.7 mln
+    Year
+    Shr 1.52 dlrs vs 1.20 dlrs
+    Net 9,669,000 vs 7,481,000
+    Revs 278.1 mln vs 232.00 mln
+          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16526" NEWID="1206">
+<DATE> 3-MAR-1987 13:11:40.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0253&#31;reute
+f f BC-******ROSTENKOWSKI-CA   03-03 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROSTENKOWSKI CALLS FOR U.S. DEFICIT CUT NEAR 36 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16527" NEWID="1207">
+<DATE> 3-MAR-1987 13:13:14.46</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0260&#31;reute
+u f BC-ICO-QUOTA-PACT-UNLIKE   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO PACT UNLIKELY BY AUTUMN - ITALIAN ADVISER</TITLE>
+<DATELINE>    TRIESTE, Italy, March 3 - </DATELINE><BODY>The prospects of the
+International Coffee Organization (ICO) reaching an agreement
+on coffee export quotas before September appear dim, Alberto
+Hesse, former president of the European Coffee Federation,
+said.
+    "There is no real goodwill in certain delegations to go to
+quotas," Hesse, who advises the Italian Foreign Affairs Ministry
+on coffee issues, told Reuters. He declined to name the
+delegations.
+    A special meeting between importing and exporting countries
+ended in a deadlock late yesterday after eight days of talks
+over how to set quotas.
+    The ICO executive board will meet from March 30 to April 1
+but the full council is not due to meet again until September.
+"I am not optimistic about an agreement soon," Hesse said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16528" NEWID="1208">
+<DATE> 3-MAR-1987 13:13:47.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0264&#31;reute
+u f BC-WALL-STREET-STOCKS/AN   03-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/ANACOMP INC &lt;AAC></TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Anacomp Inc, one of the most actively
+traded NYSE issues, rose today as at least one analyst expected
+earnings to be boosted by its planned acquisition of a
+micrographics company.
+    Anacomp rose 1/2 to 6-3/4 on volume of 950,000 shares after
+trading as high as seven earlier.
+    Howard Harlow, analyst at Whale Securities Corp, said
+Anacomp's earnings for fiscal 1987 ending September 31 could be
+doubled to 80 cts a share from the 40 cts a share he had
+forecast before Anacomp agreed to buy DatagraphiX, a
+micrographics firm, from General Dynamics Corp &lt;GD>.
+    "The company can earn 80 cts a share in fiscal 1987, maybe
+as much as a dlr a share, because of DatagraphiX," Harlow said.
+"Most of the benefit will be in the fourth qtr because it will
+integrate the company in the second half."
+    Anacomp's earnings will be less if it has problems
+integrating DatagraphiX, Harlow said.
+    A spokesman at Anacomp said the company expects to complete
+its deal for DatagraphiX later this month. She would not say
+how much it will pay for DatagraphiX, but noted that
+DatagraphiX contributed 10 mln dlrs in earnings to General
+Dynamics on revenues of 239 mln dlrs in 1986.
+    Harlow said a fellow analyst at Whale Securities estimates
+that Anacomp will pay between 100 mln dlrs to 150 mln dlrs for
+DatagraphiX. "The estimates on the street narrow it down to
+between 110 mln dlrs and 130 mln dlrs," Harlow added.
+    Anacomp reported net of 2.8 mln dlrs or nine cts a share in
+its first qtr ended December 31, up from 301,000 dlrs or one ct
+a share.
+    In Anacomp's fiscal 1986 it earned 4,073,000 dlrs or 13 cts
+a share.
+    Whale Securities recommends buying the stock, Harlow said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16529" NEWID="1209">
+<DATE> 3-MAR-1987 13:14:06.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0266&#31;reute
+u f BC-CORRECTED---LIFETIME&lt;   03-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - LIFETIME&lt;LFT> TO BUY NIPPON LACE SAHRES</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Lifetime Corp said it agreed to buy
+five mln shares or 16 pct of &lt;Nippon Lace Co Ltd> for 3.28 dlrs
+a share, or 16.5 mln dlrs.
+    It said it plans to enter the health care business in
+Japan.
+    In addition, it said &lt;Koba Electronics Co Ltd>, an
+affiliate of Nippon, will buy four mln unissued shares, or a 12
+pct stake, of Lifetime for 20 mln dlrs or five dlrs a share. -
+Corrects to show Nippon's affiliate Koba buying stake in
+Lifetime.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16530" NEWID="1210">
+<DATE> 3-MAR-1987 13:15:51.58</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0275&#31;reute
+r f BC-U.K.-EXPORTS-BODY-GET   03-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. EXPORTS BODY GETS NEW EXECUTIVE DIRECTOR</TITLE>
+<DATELINE>    London, March 3 - </DATELINE><BODY>Export Credits Guarantee Department has
+named Malcolm Stephens, director of export finance at Barclay's
+Bank Plc and a former career civil servant at ECGD for 17
+years, to the post of executive director, a department
+spokesman said.
+    Stephens replaces Jack Gill, who is retiring early aged 57.
+    A drop in the ECGD's business volume and a rise in its debt
+to the Exchequer have led to criticism in Parliament in recent
+years.
+    Stephens said the fall in business volume was a top
+convern, adding that the department may have to compete more
+aggressively with private insurance firms providing similar
+services.
+    The department's annual report for the year ended March 31,
+1986, showed exports insured by the department fell to 15.7
+billion stg from 17.4 billion the year before, while its debt
+to the Exchequer almost doubled to 756 mln stg.
+    Stephens said he had no specific list of changes. But among
+his chief concerns was the weakened condition of lesser
+developed countries and their ability to pay for their imports.
+    The agency will have to review its policies on insuring
+export credits to lesser credits on a country by country basis,
+he said. "Large lump political risk insurance is the sort of
+thing we want to take a look at."
+    "You have to try to look forward to see if you are simply in
+a peak and trough situation or it is a more long term thing,"
+Stephens said, in response to a qustion about whether ECGD will
+strike more countries from its list of political risk insurance
+recipients.
+    He noted that certain countries have already been removed
+from the list.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16531" NEWID="1211">
+<DATE> 3-MAR-1987 13:16:23.75</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0277&#31;reute
+u f BC-OILS/FATS-STOCKS-SEEN   03-03 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OILS/FATS STOCKS SEEN FALLING SHARPLY IN 1986/87</TITLE>
+<DATELINE>    HAMBURG, March 3 - </DATELINE><BODY>Visible stocks of 17 oils and fats are
+probably peaking now and are likely to fall sharply by October
+1 this year, the Oil World newsletter said.
+    Oil World forecast that stocks of oils and fats may be cut
+to only 9.8 mln tonnes at the end of this season, compared with
+10.6 mln a year earlier.
+    Its survey covered  13 oils -- soy, cotton, groundnut, sun,
+rape, sesame, corn, olive, coconut, palmkernel, palm, lin and
+castor  -- and four animal oils and fats -- butter, fish oil,
+lard and tallow/greases.
+    Oil World's analysis predicted only a slight production
+increase of 0.5 mln tonnes in the year to end-September 1987,
+compared with increases of 3.6 mln and 4.0 mln tonnes in the
+previous two seasons.
+    It said world consumption was continuing to rise. Unusually
+low prices prevailing since early 1986 had stimulated demand
+for both food and non-food purposes, it said.
+    World consumption  could increase by a record 2.8 mln
+tonnes to 71.8 mln tonnes this season and would be even higher
+if the Indian government did not artificially curb domestic
+demand.
+    Oil World said it did not expect the European Community
+(EC) to introduce a vegetable oils tax, but if such a tax were
+introduced it would have a negative impact on EC consumption.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16532" NEWID="1212">
+<DATE> 3-MAR-1987 13:22:20.55</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0294&#31;reute
+u f BC-colombian-coffee-trad   03-03 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA TRADERS SAY NEW COFFEE STRATEGY VITAL</TITLE>
+<DATELINE>    BOGOTA, March 3 - </DATELINE><BODY>Coffee producing countries must quickly
+map out a fresh common strategy following the failure of the
+International Coffee Organization, ICO, to reach agreement on
+export quotas, Gilberto Arango, president of Colombia's private
+coffee exporters' association, said.
+    Arango told Reuters that the most intelligent thing now
+would be to seek a unifying stand from producers, including
+Brazil, in order to map out a strategy to defend prices.
+    An ICO special meeting ended last night in London with
+exporting and consuming nations failing to agree on a
+resumption of export quotas, suspended one year ago after
+prices soared following a prolonged drought in Brazil.
+    Arango said there would be no imminent catastrophe but
+predicted that over the short term prices would undoubtedly
+plummet.
+    However, he said the market should also take into account
+evident factors such as Brazil's low stocks and the sale of the
+near totality of the Central American crop.
+    Trade sources said Colombia's coffee was today quoted at
+1.14 dlrs a lb in New York, its second lowest price in the past
+10 years.
+    Cardenas said these countries apparently fail to understand
+the true impact of such a failure for coffee producing nations
+as well as for industrialized countries.
+    It is difficult to believe that while efforts are made to
+solve the problem of the developing world's external debt,
+decisions are being taken which cut earnings used for repaying
+those debts, he said.
+    "In Colombia's case, we watch with consternation that,
+while we try to effectively combat drug trafficking, countries
+which support us in this fight seek to cut our jugular vein,"
+Cardenas said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16533" NEWID="1213">
+<DATE> 3-MAR-1987 13:23:39.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0304&#31;reute
+u f BC-TENDER-LOVING-&lt;TLCI>,   03-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENDER LOVING &lt;TLCI>, STAFF &lt;STAF> EXTEND PACT</TITLE>
+<DATELINE>    LAKE SUCCESS, N.Y. March 3 - </DATELINE><BODY>Tender Loving Care Health Care
+Services Inc said it and Staff Buildiers Inc have extended the
+term of their merger agreement until May 31.
+    Tender Loving Care also said &lt;Norrell Corp> agreed not to
+acquire any additional Staff Builders shares until September
+30, adding Norrell was paid 750,000 dlrs for the standstill
+arrangement. 
+    Tender Loving Care said it agreed to buy the 610,000 Staff
+Builders common held by Norrell, about 19.1 pct of those
+outstanding, for 6,950,000 dlrs immediately prior to the
+consummation of the merger.
+    Tender Loving Care said the extended merger agreement
+continues to provide for the exchange of 1.6 of its shares for
+each Staff Builders share outstanding.
+    As announced February 26, the Staff Builders shareholders
+meeting to vote on the merger, originally convened and
+adjourned December 23, will be reconvened on April 22.
+    Tender Loving Care said its payment to Norrell will include
+1,950,000 dlrs in cash and five mln dlrs of a new series of
+eight pct Tender Loving Care convertible preferred.
+    Tender Loving Care said it and Staff Builders have filed a
+revised registration and proxy statement with the Securities
+and Exchange Commission. Upon clearance of the revised proxy
+statement by the commission and its distribution to Staff
+Builders' shareholders, that company's management will continue
+to solicit proxies for approval of the merger.
+    Tender Loving Care said it will have the power to vote
+about 15.8 pct of Staff Builders' shares at the adjourned
+meeting with a spokesman explaining that this represents the
+proxies held by Norrell, which started buying the stock after
+the record date for the meeting.
+    In addition, Staff Builders officers and directors own
+about 13.8 pct of its stock and have agreed to vote in favor of
+the merger.
+    Accordingly, the vote of an additional 37.1 pct of the
+outstanding shares will be required to approve the merger,
+Tender Loving Care said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16534" NEWID="1214">
+<DATE> 3-MAR-1987 13:25:05.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0315&#31;reute
+r f BC-TALKING-POINT/AUTO-SU   03-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/AUTO SUPPLIER STOCKS</TITLE>
+<AUTHOR>    By Richard Walker, Reuters</AUTHOR>
+<DATELINE>    DETROIT, March 3 - </DATELINE><BODY>The 1987 outlook for U.S. auto sales is
+clouded by a decidedly mixed sales forecast, and analysts who
+follow the industry say it is also true for companies that sell
+parts and equipment to the major car and truck manufacturers.
+    But while there are only four major U.S.-based automakers
+whose shares are traded on stock exchanges, there are thousands
+of big and small suppliers who sell a flood of original and
+replacement parts.
+    Analysts who follow the parts industry say there are many
+opportunities for investors brought on by the auto industry's
+intensified competition and the large volume of production in
+North America planned by Japanese automakers.
+    But assessing the supplier arena is far more complicated
+than for investors considering the stocks of the Detroit Big
+Three - General Motors Corp &lt;GM>, Ford Motor Co &lt;F> and
+Chrysler Corp &lt;C>.
+    Despite widespread predictions that U.S. vehicle sales will
+decline about 10 pct from the record 1987 levels, Wall Street
+financial experts are still generally bullish on Ford and
+somewhat less so on Chrysler.
+    And analysts remain largely neutral to bearish on GM, the
+industry giant whose earnings have been dropping along with its
+sales as it struggles to reorganize and shed its unprofitable
+parts-making businesses.
+ more
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16535" NEWID="1215">
+<DATE> 3-MAR-1987 13:25:40.40</DATE>
+<TOPICS><D>meal-feed</D><D>soy-meal</D><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>west-germany</D><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0319&#31;reute
+u f BC-SOVIET-SOYMEAL-IMPORT   03-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET SOYMEAL IMPORTS SEEN RISING IN 1987</TITLE>
+<DATELINE>    HAMBURG, March 3 - </DATELINE><BODY>Soviet imports of soymeal may reach or
+exceed one mln tonnes between January and September this year,
+the Oil World newsletter said.
+    Oil World said it was likely the Soviet Union would reduce
+soybean imports and step up significantly its imports of meal.
+    At least 500,000 tonnes of soymeal may be shipped from the
+European Community and South America in the January/March
+quarter, with additional large quantities likely to be imported
+in the April and July quarters from Argentina and Brazil, it
+said. No figures were given for imports in the corresponding
+periods of 1986.
+    The change made sense in view of the recent purchases of
+probably 250,000 tonnes of West European and Polish rapeseed
+and large scale butter imports that were expected from March
+onward, it said.
+    Oil World said substantial losses of Soviet winter grain
+area due to recent severe frosts were probably behind the
+recent pick-up in Soviet purchases of U.S. Corn.
+    It noted that an additional one mln tonnes of U.S. Corn had
+been bought recently by the Soviet Union.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16536" NEWID="1216">
+<DATE> 3-MAR-1987 13:26:49.70</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0325&#31;reute
+u f BC-COLOMBIA-TO-SELL-SUGA   03-03 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA TO SELL SUGAR, LONDON TRADERS SAY</TITLE>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Colombia is holding a snap selling tender
+tonight for one cargo of world market raw sugar, traders said.
+    The sugar is for March 15/April 15 shipment and bids are
+being sought based on the New York May delivery futures
+contract, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16537" NEWID="1217">
+<DATE> 3-MAR-1987 13:28:25.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0333&#31;reute
+d f BC-VARIAN-&lt;VAR>-IN-TALKS   03-03 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARIAN &lt;VAR> IN TALKS WITH PHILIPS ELECTRONICS</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 3 - </DATELINE><BODY>Varian Associates Inc said it
+is holding discussions with Philips Electronics regarding the
+purchase of Philips' broadcast transmission unit in the United
+Kingdom, Pye TVT Limited.
+    Pye TVT designs and manufactures broadcast transmission
+equimpment, specializing in television frequencies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16538" NEWID="1218">
+<DATE> 3-MAR-1987 13:30:42.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0344&#31;reute
+r f BC-JAGUAR-&lt;JAGRY>-FEBRUA   03-03 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAGUAR &lt;JAGRY> FEBRUARY U.S. SALES FALL</TITLE>
+<DATELINE>    LEONIA, N.J., March 3 - </DATELINE><BODY>Jaguar PLC's Jaguar Cars Inc U.S.
+subsidiary said February sales were 1,466, down from 1,673 a
+year before.
+    The company said it expects a resumption of U.S. sales
+growth towards the latter half of 1987.
+    Jaguar said year-to-date U.S. sales were 2,523, down from
+2,684 a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16539" NEWID="1219">
+<DATE> 3-MAR-1987 13:30:59.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0345&#31;reute
+r f BC-FRUIT-OF-THE-LOOM-OFF   03-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRUIT OF THE LOOM OFFERS DEBENTURES, NOTES</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Fruit of the Loom Inc said it is
+offering 60 mln dlrs of 6-3/4 pct convertible subordinated
+debentures due March 2002 and 250 mln dlrs of 10-3/4 pct senior
+subordinated notes due July 1995.
+    Both issues are priced at par. The convertible debentures
+may be exchanged for class A common stock at the holder's
+option at 11.25 dlrs. Drexel Burnham Lambert Inc is lead
+manager for both offerings.
+    The convertible debentures are rated B-3 by Moody's
+Investors Service Inc and CCC-plus by Standard and Poor's Corp.
+The notes are rates B-2 by Moody's and CCC-plus by S/P.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16540" NEWID="1220">
+<DATE> 3-MAR-1987 13:31:26.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0348&#31;reute
+r f BC-BUTLER-&lt;BTLR>-TO-SELL   03-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUTLER &lt;BTLR> TO SELL PART OF UNIT</TITLE>
+<DATELINE>    KANSAS CITY, Mo., March 3 - </DATELINE><BODY>Butler Manufacturing Co said it
+agreed in principal to sell part of its controls division to
+Enercon Data Corp of Minneapolis.
+    Terms of the sale were not disclosed.
+    The transaction, expected to be closed in March, involves
+the controls division's energy management and power line
+carrier product lines.
+    Butler said costs associated with the sale were included in
+its restructuring charge taken in last year's fourth quarter,
+and will have no effect on its 1987 earnings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16541" NEWID="1221">
+<DATE> 3-MAR-1987 13:32:01.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0351&#31;reute
+d f BC-COMMONWEALTH-REALTY-&lt;   03-03 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH REALTY &lt;CRTYZ> IN REFINANCING DEAL</TITLE>
+<DATELINE>    PRINCETON, N.J., March 3 - </DATELINE><BODY>Commonwealth Realty Trust said
+it has transferred its ownership of six buildings at the Valley
+Forge Executive Mall in Valley Forge, Pa., to an equally-owned
+joint venture with Pennsylvania Public School Employees'
+Retirement System as part of a refinancing.
+    The trust said it received five mln dlrs for its half
+interest in the buildings.
+    It said it also received a 32 to 33 mln dlr eight-year
+9.375 pct mortgage loan on the buildings, with the entire
+principal payable at the end of the term.  After associated
+costs, it said it realized net proceeds of about 20 mln dlrs in
+cash on the transactions, 100 mln dlrs of which it will use to
+repay debt under its credit lines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16542" NEWID="1222">
+<DATE> 3-MAR-1987 13:32:37.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0358&#31;reute
+d f BC-DYNAMICS-RESEARCH-&lt;DR   03-03 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DYNAMICS RESEARCH &lt;DRCO> GETS NAVY CONTRACT</TITLE>
+<DATELINE>    WILMINGTON, Mass., March 3 - </DATELINE><BODY>Dynamics Research Corp said it
+has received a two-year 9,995,000 dlr U.S. Navy contract to
+supply a number of accelerometer test stations and spares for
+Trident submarine guidance systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16543" NEWID="1223">
+<DATE> 3-MAR-1987 13:33:00.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0360&#31;reute
+r f BC-KMW-&lt;KMWS>-COFOUNDR-R   03-03 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KMW &lt;KMWS> COFOUNDR RESIGNS FROM BOARD</TITLE>
+<DATELINE>    AUSTIN, Texas, March 3 - </DATELINE><BODY>KMW Systems Corp said cofounder
+Fred R. Klingensmith has resigned as a voting director and
+become an advisory or non-voting director.
+    The company said Klingensmith is founder and president and
+KRL Systems Inc, which plans to develop customized systems
+based in part on products bought from KMW.  It said he left the
+board to avoid a conflict of interests but remains a major KMW
+shareholder.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16544" NEWID="1224">
+<DATE> 3-MAR-1987 13:33:20.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0362&#31;reute
+d f BC-WORLD-BANK-TEAM-ARRIV   03-03 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK TEAM ARRIVES IN UGANDA</TITLE>
+<DATELINE>    KAMPALA, March 3 - </DATELINE><BODY>A World Bank team led by senior
+economist Katrine Saito arrived in Uganda for talks on an
+economic recovery program projected to cost one billion dlrs
+over three years.
+    The four-member mission is expected to stay two to three
+weeks. An International Monetary Fund (IMF) team is due here
+over the same period, a World Bank offical said.
+   Finance Minister Chrispus Kiyonga said last month that most
+of the one billion dlrs would go towards rehabilitating
+industries, repairing and maintaining roads and buying tractors
+and other agricultural needs.
+    He did not say where the money would come from. Diplomats
+expect the government to ask the World Bank and other foreign
+donors to provide most of the foreign exchange portion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16545" NEWID="1225">
+<DATE> 3-MAR-1987 14:15:59.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0523&#31;reute
+u f BC-FERTILITY-AND-GENETIC   03-03 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERTILITY AND GENETICS RESEARCH &lt;BABY> 1ST QTR</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Periods ended December 31
+    Shr loss 10 cts vs loss seven cts
+    Net loss 316,289 vs loss 189,140
+    Revs 61,762 vs 8,934
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16546" NEWID="1226">
+<DATE> 3-MAR-1987 14:17:36.13</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0524&#31;reute
+u f BC-ROSTENKOWSKI-RELUCTAN   03-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSTENKOWSKI RELUCTANT TO BACK TAX HIKE</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>House Ways and Means Committee
+Chairman Dan Rostenkowski said he would be reluctant to back
+the tax increase if it did not have President Reagan's support.
+    He told a National Press Club luncheon there would be a
+number of tax proposals that could be debated if Reagan sought
+a tax increase to help balance the budget.
+    However, he said he would prefer to leave the tax rates
+enacted in last year's tax reform bill unchanged.
+    There have been calls in Congress to hold the rates at the
+1987 level rather than allow them to fall next year.
+    Reagan proposed 22 billion dlrs in revenue as part of his
+1988 budget proposal, but it did not include general tax
+increases.
+    On trade issues, Rostenkowski said he did not expect the
+major trade bill this year would single out any U.S. industry
+for special protection.
+    "To go after individual items in a trade bill is suicide,"
+he said.
+    This apparently ruled out congressional approval of another
+textile trade bill to limit quotas on textile imports, as was
+proposed again this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16547" NEWID="1227">
+<DATE> 3-MAR-1987 14:17:59.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0525&#31;reute
+u f BC-/AMR-&lt;AMR>-AIRCRAFT-F   03-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMR &lt;AMR> AIRCRAFT FINANCING SEEN POSITIVELY</TITLE>
+<AUTHOR>    By Steven Radwell, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>The deal AMR Corp cut to buy 40 new
+planes is a plus for the company because it clearly puts the
+financial burden on aircraft manufacturers Boeing Co &lt;BA> and
+&lt;Airbus Industrie>, a European consortium, analysts said.
+    "The terms put most of the risk on the shoulders of the
+manufacturers," said analyst Kevin Murphy of Morgan Stanley and
+Co. "They're called walkaway leases."
+    AMR agreed to buy 15 planes from Boeing and 25 from Airbus
+but said its American Airlines unit will lease the aircraft,
+which essentially will be owned by the manufacturers.
+    AMR declined to value the deal, which analysts estimated at
+roughly 2.4 billion dlrs. American Airlines will use the
+planes, scheduled for delivery in 1988 and 1989, to expand its
+service in the Caribbean and to Europe.
+    But AMR will not lay out cash deposits to pay for the
+planes, nor will it take on new debt to finance the purchases.
+The carrier has 20-year leases on the aircraft, with four-year
+extension options, and may cancel the leases with 30 days
+notice by paying a small penalty, according to AMR chairman
+Robert Crandall.
+    "We're getting the aircraft on very favorable terms,"
+Crandall told a press briefing here. He called the deals "off
+balance sheet" limited obligation leases, under which the
+financing is provided by the manufacturers.
+    A spokesman for Airbus confirmed those terms. "We will own
+the aircraft and they will be leasing them from us," he said.
+Airbus is providing American Airlines with 25 of its twin-jet,
+long-range A300-600 planes.
+    A spokesman for Boeing Commercial Airplane Co, the unit of
+Boeing that makes the long-range 767-300 planes that are part
+of the deal, declined to comment on financing arrangements.
+    Analysts said "walkaway lease" deals have been used before
+by airlines buying aircraft, particularly new generations of
+planes, but not to this extent.
+    Julius Maldutis of Salomon Brothers Inc said the deal will
+give AMR financial stability as it grows. "AMR is using the
+manufacturers' balance sheets to finance these airplanes and
+consequently, its debt to equity ratio will remain stable into
+the early 1990s," he said.
+    "The deal reflects a fundamental trend where airlines will
+increasingly become operators of assets rather than owners" to
+reduce their exposure to risk, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16548" NEWID="1228">
+<DATE> 3-MAR-1987 14:28:45.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0541&#31;reute
+d f BC-&lt;MAGELLAN-CORP>-SETS   03-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MAGELLAN CORP> SETS MERGER WITH BALZAC</TITLE>
+<DATELINE>    DENVER, March 3 - </DATELINE><BODY>Magellan Corp said it has entered into a
+letter of intent to acquire Balzac Investments Inc in a
+transaction that will result in former Balzac shareholders
+owning about 83 pct of the combined company.
+    The company said on completion of the merger, the combined
+company wopuld be known as Power-Cell Inc and be engaged in the
+development of Balzac technology related to its Quick Charge
+product for charging auto batteries.
+    The transaction is subject to approval by shareholders of
+both companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16549" NEWID="1229">
+<DATE> 3-MAR-1987 14:29:20.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0542&#31;reute
+r f BC-UNITED-COS-FINANCIAL   03-03 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED COS FINANCIAL CORP &lt;UNCF> 4TH QTR NET</TITLE>
+<DATELINE>    BATON ROUGE, La., March 3 -
+    </DATELINE><BODY>Shr 68 cts vs 78 cts
+    Net 2,432,179 vs 2,236,471
+    Revs 50.8 mln vs 35.1 mln
+    Avg shrs 3,600,000 vs 2,850,000
+    Year
+    Shr 2.82 dlrs vs 3.35 dlrs
+    Net 10.0 mln vs 9,554,658
+    Revs 177.5 mln vs 138.1 mln
+    Avg shrs 3,567,123 vs 2,850,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16550" NEWID="1230">
+<DATE> 3-MAR-1987 14:32:10.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>jamaica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0547&#31;reute
+r f BC-IMF-APPROVES-125.9-ML   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF APPROVES 125.9 MLN SDR'S FOR JAMAICA</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The International Monetary Fund  said
+it approved 125.9 mln SDR's to assist development in Jamaica.
+    Of this total, 85 mln SDR's can be drawn over the next 15
+months under a standby arrangement in support of the
+government's economic and financial program.
+    Another 40.9 mln is available immediately under the
+compensatory financing facility, the IMF's pool of funds to
+assist countries hit by export shortfalls. The IMF said that
+Jamaica had a shortfall in the year ended September 1986 due to
+reduced sales of Bauxite, alummina and travel expenditures.
+    After some deterioration, the situation and prospects for
+Jamaica improved substantially in 1986 and early 1987, mainly
+as a result of a decline in energy prices and interest rates,
+and a strong recovery in the tourist sector, the IMF said.
+    The program that the new funding supports is designed to
+continue the adjustment and restructuring effort so as to
+achieve sustained growth, a lower rate of inflation and a
+balance of payments viability in the medium term.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16551" NEWID="1231">
+<DATE> 3-MAR-1987 14:33:16.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0553&#31;reute
+r f BC-GM-&lt;GM>-TO-CLOSE-NORW   03-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> TO CLOSE NORWOOD PLANT IN AUGUST</TITLE>
+<DATELINE>    DETROIT, March 3 - </DATELINE><BODY>General Motors Corp said it will cease
+production at its Norwood, Ohio, car assembly plant effective
+August 26 to reduce output of the sporty CHevrolet Camaro and
+Pontiac Firebird models built there.
+    "After careful review and analysis of our capacitry
+requirements, it has become necessary for us to close Norwood
+at the end of the 1987 model year," GM vice-president and group
+executive Robert Schultz said.
+    GM previously said it would close the plant in a capacity
+reduction, but did not specify a precise date. The cars will
+still be built at GM's Van Nuys, Calif., plant.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16552" NEWID="1232">
+<DATE> 3-MAR-1987 14:37:58.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0565&#31;reute
+u f BC-FERTILITY/GENETICS-&lt;B   03-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERTILITY/GENETICS &lt;BABY> STUDIES ALTERNATIVES</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Fertility and Genetics Research Inc said
+it will not establish further free-standing ovum transfer
+centers and is exploring the establishment of general fertility
+centers and alternative businesses.
+    The company said this followed its evaluation of
+unpublished technical information regarding some competing
+technology which, if substantiated and replicated, could
+adversely affect the company's operations.
+    Fertility and Genetics said the non-surgical ovum transfer
+procedure will continue to remain a viable option for infertile
+couples to consider among the several alternative procedures
+available in advanced reproductive medicine.
+    "In particular, it is medically and psychologically
+superior to surrogate motherhood, because the fertilized egg is
+transferred prior to the gestation process, rather than after
+maternal bonding with the child has taken place," the company
+explained without further reference to the unpublished
+technical information.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16553" NEWID="1233">
+<DATE> 3-MAR-1987 14:43:48.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0577&#31;reute
+d f BC-EXECUTIVE-TELECOM-&lt;XT   03-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXECUTIVE TELECOM &lt;XTEL> CHANGES MEETING DATE</TITLE>
+<DATELINE>    TULSA, Okla., March 3 - </DATELINE><BODY>Executive Telecommunications Inc
+said the recently announced joint board of directors meeting
+with &lt;First Equipment Leasing Co> to negotiate the details of
+the First Equipment reverse takeover offer has been changed
+from March 12 to March 16.
+    XTEL said the move was made to accommodate several of the
+directors with conflicting schedules.
+    First Equipment recently offered to buy XTEL in a reverse
+takeover deal in which the new company would retain the XTEL
+name.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16554" NEWID="1234">
+<DATE> 3-MAR-1987 14:44:17.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0578&#31;reute
+s f BC-BRISTOL-MYERS-CO-&lt;BMY   03-03 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRISTOL-MYERS CO &lt;BMY> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 3 -
+    </DATELINE><BODY>Qtly div 70 cts vs 70 cts prior
+    Pay May One
+    Record April Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16555" NEWID="1235">
+<DATE> 3-MAR-1987 14:45:29.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0579&#31;reute
+h f BC-PERINI-INVESTMENT-&lt;PN   03-03 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERINI INVESTMENT &lt;PNV> BUYS FLORIDA PROPERTIES</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., March 3 - </DATELINE><BODY>Perini Investment Properties
+Inc said it has purchased three industrial/warehouse properties
+in Boca Raton, Fla., and one in Pompano Beach, Fla., for an
+undisclosed amount.
+    The company said the purchases increase its
+industrial/warehouse inventory by about 252,000 square feet.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16556" NEWID="1236">
+<DATE> 3-MAR-1987 14:45:51.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0580&#31;reute
+u f BC-FBI-CHIEF-WEBSTER-REF   03-03 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FBI CHIEF WEBSTER REFUSES COMMENT ON CIA POST</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>FBI Director William Webster refused
+all comment on whether he has been approached to head the
+Central Intelligence Agency.
+    After testifying before a Senate Judiciary Committee,
+Webster answered repeatedly with "no comment" when asked by
+reporters if he has been approached.
+    Webster has been mentioned as a possible top choice to head
+the spy agency following President Reagan's forced withdrawal
+of the nomination of acting director Robert Gates, to succeed
+ailing ex-CIA chief William Casey.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16557" NEWID="1237">
+<DATE> 3-MAR-1987 14:48:29.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0590&#31;reute
+r f BC-AMERICAN-ADVENTURE-&lt;G   03-03 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ADVENTURE &lt;GOAA> SETS BANKRUPTCY PLAN</TITLE>
+<DATELINE>    KIRKLAND, Wash., March 3 - </DATELINE><BODY>American Adventure Inc said a
+U.S. Bankruptcy Court confirmed its reorganization plan.
+    The plan calls for the sale of substantially all the assets
+of the company to a new company that will retain the same name,
+but be incorporated in Delaware.
+    The comany said the transaction is expected to close later
+this month.
+    Shareholders will receive one share of stock in the new
+company for every 10 shares they hold currently.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16558" NEWID="1238">
+<DATE> 3-MAR-1987 14:50:47.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0596&#31;reute
+d f BC-AMERICAN-AIRCRAFT-COR   03-03 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN AIRCRAFT CORP BUYS PRIVATE FIRM</TITLE>
+<DATELINE>    SAN FRANCISCO, March 3 - </DATELINE><BODY>&lt;American Aircraft Corp> said it
+has acquired a 51 pct interest in privately-held &lt;Hunter
+Helicopter of Nevada, Inc>.
+    The purchase was made for an undisclosed amount of American
+Aircraft stock, the company said.
+    It said the acquisition will increase shareholder equity in
+American Aircraft to 45 cts per share from 18 cts per share.
+    Hunter Helicopter builds two-passenger helicopters that
+retail for about 50,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16559" NEWID="1239">
+<DATE> 3-MAR-1987 14:51:45.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0600&#31;reute
+u f BC-AID-CORP-&lt;AIDC>-RAISE   03-03 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AID CORP &lt;AIDC> RAISES QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    DES MOINES, Iowa, March 3 -
+    </DATELINE><BODY>Qtly div nine cts vs eight cts in prior qtr
+    Payable March 31
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16560" NEWID="1240">
+<DATE> 3-MAR-1987 14:54:19.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0605&#31;reute
+r f BC-AMERICAN-NETWORK-&lt;ANW   03-03 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN NETWORK &lt;ANWI> REDUCES CUSTOMER RATES</TITLE>
+<DATELINE>    PORTLAND, Ore., March 3 - </DATELINE><BODY>American Network Inc said it has
+reduced its long distance telephone service rates by two to 15
+pct.
+    The reductions apply to the company's subsidiaries, STARNET
+International Inc and American Telephone Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16561" NEWID="1241">
+<DATE> 3-MAR-1987 14:57:45.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0615&#31;reute
+r f BC-NATIONAL-DATA-&lt;NDTA>   03-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL DATA &lt;NDTA> SIGNS PACT WITH US SPRINT</TITLE>
+<DATELINE>    ATLANTA , March 3 - </DATELINE><BODY>National Data Corp said it signed a
+multi-year contract with US Sprint to provide the long distance
+telephone company with around the clock operator services.
+    National Data said it was the first step in establishing a
+Center Services Divisioin.
+    The company said it will provide 24-hour, 7-day-a week
+services to the long distance network, and expects the
+agreement to generate in excess of eight million dlrs in
+revenue during the current fiscal year, which ends May 31,
+1987.
+    The new services will allow subscribers to make collect,
+person-to-person and station-to-station calls, and to receive
+call assistance services anywhere in the U.S., the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16562" NEWID="1242">
+<DATE> 3-MAR-1987 14:57:57.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0616&#31;reute
+r f BC-HEWLETT-PACKARD-&lt;HWP>   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEWLETT-PACKARD &lt;HWP> UNVEILS NEW PRODUCTS</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 3 - </DATELINE><BODY>Hewlett Packard Co said it
+unveiled the HP LaserJet Series II printer, the next generation
+of its laser printer line.
+    The company said the HP LaserJet II offers more
+capabilities than earlier models, but at 2,495 dlrs, costs 500
+dlrs less than previous machines. The LaserJet II prints eight
+pages a minute and can be used for desktop publishing, word
+processing, and spreadsheet and graphics printing.
+    It also said it introduced a larger laser printer to
+accommodate numerous workstations and a machine used to scan
+documents.
+    The company also said it introduced the HP LaserJet 2000,
+its first printer designed to be used with personal computer
+networks, departmental systems and minicomputers. It can print
+20 pages a minute, and has an entry price of 19,995 dlrs.
+    It also unveiled the SP ScanJet, a flatbed desktop device 
+that scans printed images of text. The scanner works like a
+photocopier storing the copied images on a hard disk, the
+company said. It costs 1,495 dlrs.
+    Hewlett Packard also said it brought out a new family of
+plotter machines, the HP Draftmasters I and II. The new models
+replace the HP 758X series of drafting-plotter line machines
+used for computer aided design. The Draftmaster costs 9,900
+dlrs, and the Draftsmaster II, 11,900 dlrs.
+    A smaller plotter, called the DraftPro, was priced at 5,400
+dlrs. It is designed for use with a personal computer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16563" NEWID="1243">
+<DATE> 3-MAR-1987 14:58:33.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0619&#31;reute
+d f BC-INTERNATIONAL-TECHNOL   03-03 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL TECHNOLOGY &lt;ITX> MAKES ACQUISITION</TITLE>
+<DATELINE>    TORRANCE, Calif., March 3 - </DATELINE><BODY>International Technology Corp
+said it has purchased &lt;Western Emergency Services Inc> in a
+pooling-of-interests transaction.
+    International Technology, a hazardous materials management
+company, said it purchased Western Emergency, an environmental
+services firm, to offer a broader range of environmental
+services to the Gulf Coast area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16564" NEWID="1244">
+<DATE> 3-MAR-1987 15:01:50.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0625&#31;reute
+r f BC-dh-howden-dividend   03-03 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;D.H. HOWDEN AND CO LTD> INCREASES DIVIDEND</TITLE>
+<DATELINE>    LONDON, Ontario, March 3 -
+    </DATELINE><BODY>Semi-annual 30 cts vs 25 cts prior
+    Pay June 30
+    Record June 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16565" NEWID="1245">
+<DATE> 3-MAR-1987 15:04:50.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0639&#31;reute
+r f BC-co-steel-inc   03-03 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CO-STEEL INC> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 3 -
+    </DATELINE><BODY>Oper shr 25 cts vs 25 cts
+    Oper net 6,322,000 vs 4,660,000
+    Revs 189.1 mln vs 174.7 mln
+    Avg shrs 23.5 mn vs 17.1 mln
+    Year
+    Oper shr 1.04 dlrs vs 14 cts
+    Oper net 21,929,000 vs 3,629,000
+    Revs 760.2 mln vs 674.8 mln
+    Avg shrs 20.5 mln vs 17.1 mln
+    Note: Qtr shr and net exclude tax gain of 4,573,000 dlrs or
+17 cts share, versus gain of 17,259,000 dlrs or 1.02 dlrs share
+    Year shr and net exclude tax gain of 15,992,000 dlrs or 78
+cts share, versus gain of 18,042,000 dlrs or 1.06 dlrs share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16566" NEWID="1246">
+<DATE> 3-MAR-1987 15:05:42.80</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0641&#31;reute
+u f BC-peruvian-producers-sa   03-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU COFFEE CROP UNAFFECTED BY RAINS</TITLE>
+<DATELINE>    LIMA, March 3 - </DATELINE><BODY>Recent heavy rains have not affected the
+Peru coffee crop and producers are looking forward to a record
+harvest, the president of one of Peru's four coffee cooperative
+groups said.
+    Justo Marin Ludena, president of the Cafe Peru group of
+cooperatives which accounts for about 20 pct of Peru's exports,
+told Reuters a harvest of up to 1,800,000 quintales (46 kilos)
+was expected this year. He said Peru exported 1,616,101
+quintales in the year to September 1986.
+    A spokesman for the Villa Rica cooperative said flood
+waters last month had not reached coffee plantations, and the
+crop was unaffected.
+    Floods in early February caused extensive damage in Villa
+Rica, whose coffee cooperative exported 59,960 quintales last
+year, according to the state-controlled coffee organisation.
+    Marin said the rains would only affect the coffee crop if
+they continued through to next month, when harvesting starts.
+    He said Peruvian producers were hoping for an increase this
+year in the 1.3 pct export quota, about 913,000 quintales,
+assigned to them by the International Coffee Organisation, ICO.
+    He said Peru exported 1,381,009 quintales to ICO members
+last year with a value of around 230 mln dlrs, and another
+235,092 quintales, valued at around 35 mln dlrs, to non-ICO
+members.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16567" NEWID="1247">
+<DATE> 3-MAR-1987 15:06:34.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0642&#31;reute
+f f BC-******WHITE-HOUSE-SAY   03-03 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE SAYS REAGAN TO MAKE 1530 EST/2030 GMT ANNOUNCEMENT, TOPIC UNDISCLOSED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16568" NEWID="1248">
+<DATE> 3-MAR-1987 15:10:05.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>brazil</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0649&#31;reute
+u f BC-BRAZILIAN-FINANCE-MIN   03-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN FINANCE MINISTER MEETS STOLTENBERG</TITLE>
+<DATELINE>    BONN, March 3 - </DATELINE><BODY>Brazilian Finance Minister Dilson Funaro,
+on the third leg of a trip to explain his country's stance on
+debt to European governments, met West German Finance Minister
+Gerhard Stoltenberg for talks this evening and the two men were
+continuing their discussions over dinner, Brazilian delegation
+sources said.
+    They said the Funaro and Stoltenberg discussed Third World
+debt in general and Brazil's debt position in particular but
+declined to give further details.
+    Funaro was scheduled to travel to Switzerland tomorrow,
+they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16569" NEWID="1249">
+<DATE> 3-MAR-1987 15:10:58.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0651&#31;reute
+r f BC-GAO-SAYS-FSLIC-SHOWS   03-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAO SAYS FSLIC SHOWS DEFICIT, NEEDS FUNDS</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The Federal Savings and Loan
+Insurance Corp is facing a deficit because of its potential
+liability from insolvent savings associations, the General
+Accounting Office told a House Banking hearing.
+    "We have preliminarily determined that FSLIC needs to 
+establish a contingent liability in the range of eight billion
+dlrs to handle cases that will require action in the near
+future," Frederick Wolf of the GAO said.
+    "When that amount is deducted from FSLIC's reserves, FSLIC
+would have a deficit of over three billion dlrs as of the end
+of 1986. Clearly, FSLIC needs additional funds to resolve the
+large backlog of insolvent and unprofiable savings associations
+that continue to operate," Wolf said.
+    He urged the committee to support the Treasury Department's
+plan to raise 25 billion dlrs over five years to recapitalize
+FSLIC.
+    Wolf said as of Septmember, 1986, about 85 pct of FSLIC
+insured savings associations were solvent, while 15 pct were
+insolvent.
+    He said 80 pct of savings associations were profitable,
+earning a total of 6.9 billion dlrs during the first three
+quarters of the year, while the other 20 pct of associations
+lost a total of five billion dlrs in the same period.
+    The GAO is the investigating agency of Congress.
+    Roy Green, president of the Federal Home Loan Bank of
+Dallas, estimated his district would need five billion to eight
+billion dlrs over the next five years to close 12 Texas savings
+associations and 14 associations in nearby states which he said
+are considered "hopelessly insolvent".
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16570" NEWID="1250">
+<DATE> 3-MAR-1987 15:11:40.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0652&#31;reute
+b f BC-/REAGAN-TO-MAKE-ANNOU   03-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN TO MAKE ANNOUNCEMENT</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The White House said President Reagan
+would make an announcement at 1530 EST/2030 gmt but the topic
+was undisclosed.
+    A spokesman said officials would brief reporters on details
+of the announcement afterwards.
+    Athough Reagan's topic was not disclosed, speculation
+centered on the possible naming of a nominee to to head the CIA
+or a response to the Soviet Union's offer to negotiate a
+separate arms control agreement on medium range missiles in
+Europe.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16571" NEWID="1251">
+<DATE> 3-MAR-1987 15:13:31.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0658&#31;reute
+r f BC-WILLCOX-AND-GIBBS-INC   03-03 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLCOX AND GIBBS INC &lt;WG> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 3 -
+    </DATELINE><BODY>Oper shr 42 cts vs 41 cts
+    Oper net 2,322,000 vs 1,785,000
+    Sales 72.3 mln vs 59.8 mln
+    Avg shrs 5,527,000 vs 4,355,000
+    Year
+    Oper shr 1.48 dlrs vs 1.40 dlrs
+    Oper net 7,637,000 vs 5,973,000
+    Sales 261.7 mln vs 224.7 mln
+    Avg shrs 5,165,000 vs 4,277,000
+    NOTE: 1985 operating net excludes gains of 1,523,000 dlrs,
+or 35 cts a share, in quarter and 5,090,000 dlrs, or 1.19 dlrs
+a share, in year from tax carryforwards
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16577" NEWID="1252">
+<DATE> 3-MAR-1987 15:13:43.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0659&#31;reute
+u f BC-GE-&lt;GE>-PROFIT-OUTLOO   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> PROFIT OUTLOOK AIDED BY ENGINE ORDER</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>One of General Electric Co's biggest
+businesses, aircraft engines, will ride a wave of increasing
+profits into 1991 because of a new contract worth 650 mln dlrs,
+Wall Street analysts said.
+    Previously, it was expected the business would peak and
+decline at some point in the next five years. The improved
+outlook results from AMR Corp's &lt;AMR> decision to order 40 new
+planes powered by CF6-80C2 GE engines.
+    "Creative financial footwork helped GE get the order," said
+Nicholas Heymann, analyst at Drexel Burnham Lambert Inc.
+    AMR declined to go into detail on financing arrangements
+for its order of 15 Boeing Co &lt;BA> and 25 &lt;Airbus Industrie>
+twinjet long distance aircraft.
+    But AMR said it was using "rent-a-plane leases" that allow
+it to operate the aircraft without adding to its debt
+structure. AMR also has the right to decline delivery of the
+planes or return them on short notice. The arrangement protects
+AMR in the case of an unexpected development such as a severe
+downturn in the economy.
+    From GE's point of view the package looks like a good deal
+for several reasons, Heymann said.
+    GE will be able to record revenue as a sale at the time of
+delivery, Heymann noted.
+    And if for some reason AMR decides not to take the planes
+GE's financial arm, General Electric Financial Services Inc,
+would have little trouble rounding up another airline that
+wanted the fuel efficient planes. On the whole, the deal
+appears to pose little risk for GE, Heymann said.
+    GE's stock declined 1/4 to 103-1/2 on 625,000 shares by
+midafternoon. H.P. Smith, analyst at Smith Barney, Harris Upham
+and Co said for a 40 billion dlr (revenue) company "no one
+order will have much of an effect on the stock."
+    Russell Leavitt, analyst at Salomon Brothers Inc, said the
+order "will help to maintain a good level of production and
+profitability in the aircraft engine business" for GE.
+    Heymann sees operating profits from GE's jet engine
+business rising from 870 mln dlrs last year to 1.3 billion dlrs
+by 1991.
+    Revenue from jet engines was close to six billion dlrs last
+year, with well over half of the business in the military
+sector, according to analysts' estimates.
+    The rosy outlook for GE's jet engine business coincides
+with an upbeat performance in other segments.
+    Heymann expects GE to earn 1.39 dlrs per share in the first
+quarter of 1987. Saying many will be suprised by the results,
+he believes GE has shown through its acquisition of RCA Corp
+that it has a "unique ability" to buy a major business and
+reshape it, pruning some parts and recombining parts with other
+elements of its 14 business areas.
+    Smith sees GE earning 1.35 dlrs per share in the current
+quarter. He credits good results at RCA, in turn aided by the
+NBC broadcasting operation, and lower interest rates.
+    Leavitt sees 1.40 dlrs for the current quarter, in part
+crediting "significant benefits from the RCA acquisition."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16573" NEWID="1253">
+<DATE> 3-MAR-1987 15:14:52.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0662&#31;reute
+f f BC-******TREASURY'S-MULF   03-03 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S MULFORD SEES MAJOR NEW LENDING FOR BRAZIL, OTHER DEBTORS, IN 1987
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16572" NEWID="1254">
+<DATE> 3-MAR-1987 15:15:20.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0665&#31;reute
+r f BC-KODAK-&lt;EK>-CONTINUES   03-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KODAK &lt;EK> CONTINUES DRIVE INTO NEW MARKETS</TITLE>
+<AUTHOR>    By Lawrence Edelman, Reuters</AUTHOR>
+<DATELINE>    New York, March 3 - </DATELINE><BODY>Eastman Kodak Co, best known for its
+cameras and film products, took several steps today to boost
+its image as a diversified information systems company.
+    The Rochester, N.Y.-based company unwrapped a series of new
+electronic data and image storage systems that can create vast
+computerized libraries of documents and pictures.
+    Analysts said Kodak made a good start in the emerging
+market for such systems, sales of which are expected to reach
+five billion dlrs by 1990. But they warned several years may
+pass before the new systems contribute to its bottom line.
+    Kodak also launched a 50 mln dlr advertising campaign to
+promote its new image. "We want to be to the imaging market
+what IBM is to the data processing market," said Edgar J.
+Greco, vice president and general manager of Kodak's business
+imaging systems division.
+    While more than 45 pct of Kodak's 11.55 billion dlrs in
+sales for 1986 came from photography products, Kodak said sales
+of copiers, electronic storage systems and other business
+products will exceed four billion dlrs this year.
+    "We're launching a major attack on these new markets,"
+Greco said.
+    "Kodak perceives that these new businesses will be its
+bread and butter," said Wertheim and Co analyst Michael Ellman.
+    But Richard Schwarz, who follows Kodak for E.F. Hutton and
+Co, said the company will find the profit margins much slimmer
+on sophisticated imaging systems than on its consumer
+photography products. "The critical problem will be turning a
+profit," he said.
+     Kodak also announced the first commerically available
+14-inch optical disk. Kodak said the disk can store the
+equivalent of the contents of 110 file cabinet drawers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16574" NEWID="1255">
+<DATE> 3-MAR-1987 15:16:01.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>jamaica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0667&#31;reute
+d f BC-IMF-APPROVES-DEVELOPM   03-03 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF APPROVES DEVELOPMENT AID FOR JAMAICA</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The International Monetary Fund,
+IMF, said it approved 125.9 mln sdr's to assist development in
+Jamaica.
+    Over the next 15 months 85 mln sdr's can be drawn under a
+standby arrangement in support of the government's economic and
+financial program.
+    Another 40.9 mln is available immediately following an
+export shortfall for Jamaica in the year ended September 1986
+due to reduced income from bauxite, alumina and tourism, the
+IMF said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16575" NEWID="1256">
+<DATE> 3-MAR-1987 15:17:10.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0672&#31;reute
+f f BC-******MOBIL-CORP-FILE   03-03 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOBIL CORP FILES FOR OFFER OF ONE BILLION DLRS OF DEBT SECURITIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16576" NEWID="1257">
+<DATE> 3-MAR-1987 15:17:46.20</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>ship</D></TOPICS>
+<PLACES><D>france</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0676&#31;reute
+u f BC-EXPORTERS-SEE-HIGHER   03-03 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH EXPORTERS SEE HIGHER WHEAT SALES TO CHINA</TITLE>
+<DATELINE>    PARIS, March 3 - </DATELINE><BODY>French exporters estimated that around
+600,000 tonnes of French soft wheat has been sold to China for
+delivery in the 1986/87 (July/June) year.
+    Around 300,000 tonnes were exported to China between July
+1986 and February this year.
+    Another 100,000 to 150,000 tonnes will be shipped during
+this month and around the same amount in April, they said.
+    France sold around 250,000 tonnes of soft wheat to China in
+1985/86, according to customs figures.
+    However, certain exporters fear China may renounce part of
+its contract with France after being offered one mln tonnes of
+U.S. soft wheat under the Export Enhancement Program in January
+and making some purchases under the initiative.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16578" NEWID="1258">
+<DATE> 3-MAR-1987 15:18:36.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0682&#31;reute
+r f BC-BUCKHORN-INC-&lt;BKN>-4T   03-03 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUCKHORN INC &lt;BKN> 4TH QTR LOSS</TITLE>
+<DATELINE>    CINCINNATI, Ohio, March 3 -
+    </DATELINE><BODY>Oper shr loss 1.24 dlrs vs profit 19 cts
+    Oper net loss 1,965,000 vs profit 646,000
+    Revs 10.5 mln vs 11.6 mln
+    Avg shrs 1,741,000 vs 3,581,000
+    12 mths
+    Oper shr loss 1.55 dlrs vs profit 42 cts
+    Oper net loss vs profit 2,051,000 vs 1,492,000
+    Revs 42.9 mln vs 45.5 mln
+    Avg shrs 1,816,000 vs 3,581,000
+    NOTE: prior qtr excludes loss 229,000, or seven cts per
+share, for discontinued operations.
+    1986 qtr excludes 159,000 extraodinary loss.
+    Excludes loss 293,000, or 16 cts per share, for 1986 and
+gain 651,000, or 18 cts per share, for 1985 for discontinued
+operations.
+    Excludes loss 256,000 for 1986 net for extraordinary item.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16579" NEWID="1259">
+<DATE> 3-MAR-1987 15:19:01.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>argentina</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0683&#31;reute
+b f BC-/TREASURY'S-MULFORD-S   03-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S MULFORD SEES BRAZIL LENDING PROGRESS</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Assistant Treasury Secretary David
+Mulford said rapid progress was being made in talks with
+commercial banks for loans to Argentina, the Philippines and
+Brazil.
+    "This should result in substantial new lending for the
+major debtors in 1987," he said in prepared testimony for the
+Subcommittee on International Development Institutions of the
+U.S. House of Representatives.
+    Until recently, commercial banks were slow to conclude new
+financing packages pending completion of a Mexican package,
+Mulford said.
+    "We are concerned about the backlog of other financial
+packages and would like to see these move ahead soon," he said,
+"There is some evidence that this is already happening.
+    Chile signed an agreement with banks last week, and there
+was also an agreement with Venezuela on rescheduling principal
+payments on previously renegotiated debt.
+    "We look for rapid progress in commercial bank discussions
+with Argentina, the Philippines, and ultimately Brazil," he
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16580" NEWID="1260">
+<DATE> 3-MAR-1987 15:21:08.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0693&#31;reute
+r f BC-BUCKHORN-INC-&lt;BKN>-SE   03-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUCKHORN INC &lt;BKN> SEES HIGHER PROFITS IN 1987</TITLE>
+<DATELINE>    CINCINNATI, Ohio, March 3 - </DATELINE><BODY>Buckhorn Inc said itd nine
+million dlr backlog for orders and a less expensive operating
+environment should yield significant levels of operating
+profits for 1987.
+    Buckhorn, a manufacturer of reusable plastic shipping and
+storage containers, recorded 2,051,000, or 1.55 dlrs per share,
+operating net loss for 1986.
+    Buckhorn said the year's results included a 4,250,000
+non-recurring expense incurred to complete major restructuring
+efforts and to defend against the hostile tender offer from
+Ropak Corporation.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16581" NEWID="1261">
+<DATE> 3-MAR-1987 15:21:53.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM Y
+&#22;&#22;&#1;f0695&#31;reute
+b f BC-MOBIL   03-03 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> FILES FOR ONE BILLION DLR DEBT OFFER</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Mobil Corp filed with the Securities
+and Exchange Commission for a shelf offering of up to one
+billion dlrs of debt securities on terms to be determined at
+the time of the sale.
+    Proceeds from the sale will be used for general corporate
+purposes, the company said.
+    Mobil did not name any underwriters for the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16582" NEWID="1262">
+<DATE> 3-MAR-1987 15:22:24.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0698&#31;reute
+r f BC-CIIT-PLANS-RIGHTS-OFF   03-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIIT PLANS RIGHTS OFFERING</TITLE>
+<DATELINE>    MONTREAL, March 3 - </DATELINE><BODY>&lt;CIIT Inc> said it filed a final
+prospectus for a 15 mln dlr rights offering to subscribe for
+1.1 mln common shares at 13.85 dlrs each.
+    Under the terms of the offering, each common share holder
+will receive 1-1/2 rights for each common share held on March
+13 and each right will entitle the holder to subscribe for one
+common share at 13.85 dlrs each by April 13, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16583" NEWID="1263">
+<DATE> 3-MAR-1987 15:22:58.70</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0699&#31;reute
+d f BC-ALCAN-(AL),-BERTONE-M   03-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN, BERTONE MAKE ALUMINUM STRUCTURE CAR</TITLE>
+<DATELINE>    MONTREAL, March 3 - </DATELINE><BODY>Alcan Aluminium Ltd said it joined with
+Carrozzeria Bertone S.P.A. to exhibit Alcan's technology in
+aluminum structured vehicles at Geneva's international auto
+salon.
+    Alcan said it and Bertone have built several Bertone X1/9
+sports cars with structures of adhesively bonded sheet
+aluminum. It said the bodies were made on presses used for
+Bertone's steel-structured sports cars.
+    Alcan said two of the cars are currently being tested in
+Britain by the Motor Industry Research Association.
+     Alcan said it has developed and tested the aluminum
+structure technology so that it is suitable for modern auto
+making methods and plants.
+    Alcan said the technology, which reduces the weight of a
+car's basic structure by up to 50 pct, can improve handling and
+performance and reduce fuel consumption for any size car. It
+said the structures also provide long life without the need for
+rust protection.
+    The structure provides the same stiffness and safety as
+present materials, while continuously bonded seams allow a 65
+pct reduction in spot welds, Alcan said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16584" NEWID="1264">
+<DATE> 3-MAR-1987 15:24:51.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0707&#31;reute
+h f BC-CCR-VIDEO-1ST-QTR-NOV   03-03 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCR VIDEO 1ST QTR NOV 30 NET</TITLE>
+<DATELINE>    LOS ANGELES, March 3 -
+    </DATELINE><BODY>Shr 2-1/5 cts vs nil
+    Net 156,726 vs 11,989
+    Sales 1,157,883 vs 890,138
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16585" NEWID="1265">
+<DATE> 3-MAR-1987 15:25:41.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0709&#31;reute
+h f BC-DEL-E.-WEBB-INVESTMEN   03-03 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEL E. WEBB INVESTMENT &lt;DWPA> 4TH QTR NET</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 3 -
+    </DATELINE><BODY>Shr eight cts vs 16 cts
+    Net 188,000 vs 354,000
+    Revs 538,000 vs 594,000
+    Year
+    Shr 31 cts vs 28 cts
+    Net 692,000 vs 617,000
+    Revs 2,640,000 vs 906,000
+    (Del E. Webb Investment Properties Inc)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16586" NEWID="1266">
+<DATE> 3-MAR-1987 15:27:00.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0714&#31;reute
+d f BC-AID-&lt;AIDC>-PROPOSES-N   03-03 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AID &lt;AIDC> PROPOSES NAME CHANGE</TITLE>
+<DATELINE>    DES MOINES, Iowa, March 3 - </DATELINE><BODY>AID Corp said its stockholders
+will be asked to change the company's name to ALLIED Group Inc
+to more closely reflect the corporate logo adopted last year.
+    It said stockholders of record March 31 will be eligible to
+vote at the meeting.
+    The company said its board has approved an amendment to the
+pooling agreement effective January one, whereby &lt;AMCO
+Insurance Co> will increase its participation by assuming 33
+pct of ALLIED Group's combined written premiums. AMCO had
+previously assumed 30 pct of the combined written premiums.
+    With this amendment, AID said, its subsidiaries now assume
+41 pct of the total combined written premiums.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16587" NEWID="1267">
+<DATE> 3-MAR-1987 15:29:00.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0716&#31;reute
+r f BC-MOODY'S-DOWNGRADES-LO   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S DOWNGRADES LORAL &lt;LOR> DEBT</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded to Baa-2 from A-3 the rating on Loral Corp's 7-1/4
+pct convertible subordinated debentures of 2010 and on 10-3/4
+pct subordinated sinking fund debentures due 1997.
+    Moody's said it took the action, which affects
+approximately 117 mln dlrs of debt, after examining Loral's
+acquisition of Goodyear Aerospace Corp.
+    It said the downgrade reflects the substantial increase in
+the company's debt in order to finance the acquisition and the
+risks of assimilating such a relatively large acquisition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16588" NEWID="1268">
+<DATE> 3-MAR-1987 15:31:48.87</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0720&#31;reute
+f f BC-ussr-export-sale   03-03 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 104,000 TONNES OF  CORN SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16589" NEWID="1269">
+<DATE> 3-MAR-1987 15:32:05.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0722&#31;reute
+d f BC-WOOLWORTH SCHEDULED  03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>F.W. WOOLWORTH'S &lt;Z> 1986 PROFITS RISE 21 PCT</TITLE>
+<AUTHOR>    By Gail Appleson, Reuter</AUTHOR>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>The specialty retailing area continues
+to pay off for F.W. Woolworth Co, once known only as a five and
+dime store chain, which said its 1986 income rose 21 pct.
+    It was the fourth consecutive year of profit increases for
+the New York-based retailer which was founded over 100 years
+ago.
+    Woolworth's 1986 income rose to 214 mln dlrs or 3.25 dlrs
+per share compared with 1985's profit of 177 mln or 2.75 dlrs
+per share. Revenues for the year rose to 6.50 billion compared
+with the prior year's 5.96 billion.
+    For the fourth quarter, the company reported profits rose
+10 pct to 117 mln dlrs or 1.78 dlrs per share compared with
+1985 fourth quarter results of 106 mln or 1.64 dlrs per share.
+Revenues rose to 2.02 billion from 1.85 billion dlrs.
+    Roy Garofalo, Woolworth vice president, told Reuters that
+income generated by the company's specialty store operations
+accounted for 52 pct of the parent company's 1986 profits.
+    He said the company now has 4,700 specialty stores
+operating under 30 different names. Woolworth plans to open 650
+more specialty stores in 1987. At this time last year, it
+operated 4,100 specialty stores, Garofalo said.
+    Garofalo said the largest specialty chain operated by
+Woolworth is Kinney Shoe Stores, followed by the Richman
+apparel unit. Among other units are Little Folk Shop, a chain
+of discount children's apparel stores; The Rx Place, a discount
+drug, health and beauty aid operation; and Face Fantasies,
+which sells cosmetics. There are currently about 1,700
+Woolworth general merchandise stores operating worldwide, of
+which 1,200 are in the United States.
+    Harold Sells, chairman and chief executive of Woolworth,
+said in a statement, "These results are especially gratifying as
+they are an improvement over last year's record earnings."
+    Sells that it was the fourth successive year earnings in
+each quarter improved over the corresponding year-earlier
+period.
+    Woolworth's variety store operations were hard hit in the
+1970's and early 1980's by the quickly growing discount store
+industry. In an attempt to compete in the 1970's, Woolworth
+opened a discount general store chain, Woolco, and J. Brannam,
+a discount apparel chain. Both were failures in the United
+States, although Woolco still operates in Canada.
+    In 1985, however, Woolworth changed its strategy and
+announced that it would operate specialty stores. At that time,
+the company said it would create 14 new groups of such stores.
+Specialty stores generally have higher sales per square foot
+than general merchandise stores.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16590" NEWID="1270">
+<DATE> 3-MAR-1987 15:33:49.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0726&#31;reute
+b f BC-TREASURY'S-MULFORD-BA   03-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S MULFORD BACKS DEBT CONVERSIONS</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Assistant Treasury Secretary David
+Mulford said he prefers debt conversion plans to help heavily
+indebted countries over quick-fix political plans to help ease
+their debt burden.
+    "In my view, debt conversions or swaps into either equity
+or local debt claims provide a preferable route to 'debt
+relief' for the debtor nations, particularly if combined with
+measures to encourage new equity investment and the
+repatriation of flight capital," he told the House Subcommittee
+on International Development Institutions.
+    Mulford criticized what he called large-scale solutions to
+the debt problems effecting many developing countries, ranging
+from debt forgiveness to creating new multilateral institutions
+for lending.
+    "While such approaches may have some political appeal, they
+are impractical and ultimately counterproductive," he said.
+    He said debt conversions, or swaps, are more effective
+because they eliminate the interest service on converted debt,
+create new jobs and open up investment opportunities that can
+help indebted countries overcome their own problems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16591" NEWID="1271">
+<DATE> 3-MAR-1987 15:34:53.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0729&#31;reute
+d f BC-ROYAL-RESOURCES-CORP   03-03 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL RESOURCES CORP &lt;RRCO> 2ND QTR DEC 31 LOSS</TITLE>
+<DATELINE>    DENVER, COLO., March 3 -
+    </DATELINE><BODY>Shr loss 72 cts vs loss 1.48 dlrs
+    Net loss 4,466,006 vs loss 9,091,688
+    Revs 608,181 vs 1,280,727
+    Six Mths
+    Shr loss 77 cts vs loss 1.51 dlrs
+    Net loss 4,752,455 vs loss 9,265,457
+    Revs 1,444,149 vs 2,791,188
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16592" NEWID="1272">
+<DATE> 3-MAR-1987 15:36:02.05</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F A RM
+&#22;&#22;&#1;f0733&#31;reute
+r f BC-CANADA-ECONOMY-EXPECT   03-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA ECONOMY EXPECTED TO GROW MODERATELY</TITLE>
+<AUTHOR>    By Russell Blinch, Reuters</AUTHOR>
+<DATELINE>    OTTAWA, March 3 - </DATELINE><BODY>Canadian economic growth is expected to
+slow further in 1987, but an improved the trade picture should
+keep the country from recession, economists said.
+    "The economy is ready for about a 2.0 pct rate of growth
+over the course of 1987," said Carl Beigie, Chief Economist at
+Dominion Securities Pitfield Ltd.
+    Statistics Canada reported that gross domestic product,
+grew 3.1 pct in 1986, the fourth year of continuous expansion,
+but down from 1985's four pct.
+    In the final quarter, GDP, in 1981 prices and at annualized
+rates, rose a slight 0.2 pct after expanding 0.8 pct in the
+third quarter.
+    "Essentially it is a flat performance," said Warren Jestin,
+deputy chief economist at the Bank of Nova Scotia.
+    Economist Wendy Smith Cork of the brokerage Nesbitt Thomson
+Bongard Inc said "it shows the economy is not moving along very
+steadily, it's not a very promising number."
+    "We weren't surprised, we expected to see one bad quarter
+in Canada, but we don't think there will be a recession," she
+added.
+    The rise in GDP was below the 3.3 pct increase forecast by
+Federal Finance Minister Michael Wilson in his budget last
+month. He also projected the economy would expand  2.8 pct this
+year.
+    Many economists are less optimistic, predicting growth will
+likely be in the 2.0 to 2.2 pct range.
+    Statistics Canada also reported the country's trade
+performance deteriorated sharply last year as the deficit in
+the current account rose to a record 8.8 billion Canadian dlrs
+from the previous year's shortfall of 584 mln dlrs.
+    "The sharp increase in the deficit originated from
+merchandise trade transactions where imports continued to
+advance strongly whereas exports were virtually unchanged," the
+federal agency said in a statement.
+    The merchandise trade surplus was pared to 10.13 billion
+dlrs in 1986 from 17.48 billion dlrs in 1985.
+    But economist Cork said the expected upturn in the U.S.
+economy will lead to increased demand for Canadian goods, and
+help fuel the country's modest expansion. Nearly 80 pct of
+Canada's exports are shipped to the U.S. each year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16593" NEWID="1273">
+<DATE> 3-MAR-1987 15:36:24.69</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0735&#31;reute
+b f BC-ussr-export-sale   03-03 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA REPORTS CORN SOLD SOLD TO UNKNOWN</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The U.S. Agriculture Department said
+private U.S. exporters reported sales of 104,000 tonnes of corn
+to unknown destinations for shipment in the 1986/87 marketing
+year.
+    The marketing year for corn began September 1, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16594" NEWID="1274">
+<DATE> 3-MAR-1987 15:36:50.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0737&#31;reute
+f f BC-******PRESIDENT-REAGA   03-03 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PRESIDENT REAGAN SAYS U.S. TO SUBMIT DRAFT TREATY ON INTERMEDIATE MISSILES REDUCTION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16595" NEWID="1275">
+<DATE> 3-MAR-1987 15:37:19.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0740&#31;reute
+r f BC-BANK-OF-ENGLAND-SETS   03-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND PROPOSES LIMITS ON UNDERWRITERS</TITLE>
+<AUTHOR>    By Norma Cohen and Geert Linnebank, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>The Bank of England proposed that banks
+in Britain for the first time will have to seek authorization
+to be lead underwriters of new issues in the euromarkets.
+    In addition, the Bank has proposed limits on the amount of
+credit risk that firms can take on with each new issue they
+lead manage.
+    The proposed rules were outlined today in a consultative
+paper on large credit exposures taken by recognized banks and
+deposit takers and may be modified, the Bank said.
+    The rules could affect billions of dollars of eurobond
+securities issued each year. In 1986, about 183 billion dlrs of
+new eurobonds were offered, according to figures compiled by
+Euromoney magazine.
+    Up until now, there have been no restrictions on lead
+managing eurobond issues.
+    However, eurobond market participants believe the Bank of
+England is concerned about intense competition for market share
+which may have caused some firms to expose themselves to
+imprudent credit risk.
+    Competition for market share has been a boon to issuers as
+banks compete to offer the best terms. But the new rules
+suggest that some constraints may be placed on competition as
+regulators attempt to ensure that no bank takes on more risk
+than it can handle. Banking sources said that while the Bank of
+England is reluctant to inhibit competition, it is willing to
+accept some constraints in order to ensure that underwriters
+act prudently.
+    "The Bank's assessment of the appropriateness of a bank's
+lead underwriting activity will depend primarily upon the skill
+and experience of the lead underwriter in the particular market
+concerned...," the Bank's proposal said.
+    Once a firm has received permission to act as lead
+underwriter, the exposure will be valued at one-sixth of the
+face amount of the securities. Nominal exposure exceeding 60
+pct of capital must be reported to the Bank of England and it
+must be notified in advance for exposure of over 150 pct of
+capital.
+    The exposure will be determined to exist for a maximum of
+28 days following a binding commitment to underwrite. After
+that, any remaining exposure from unsold securities will be
+assessed at their full face value.
+    The rules would not apply to syndicated loan facilities,
+revolving credits or commercial paper, the Bank said.
+    The Bank also amended other aspects of plans to strengthen
+its supervisory powers over banks in the paper, which called
+for comments from professionals by March 31 to allow their
+possible inclusion in the Banking Bill in time for its planned
+final discussion in Parliament, scheduled before summer.
+    The new Banking Bill, updating the 1979 Banking Act, is the
+third leg of the Conservative government's legislation for the
+supervision of financial institutions.
+    It is to feature alongside the Financial Services Act,
+aimed to bolster investor protection, and the Building
+Societies Act, which put these institutions on an equal footing
+with banks.
+    The proposed legislation would abolish distinctions between
+recognised banks and licensed deposit-takers and tighten legal
+controls, making it a criminal offence to mislead supervisors.
+    Proposals to require banks to inform the Bank of England in
+advance of planned exposures in excess of 25 pct of their
+capital, and to have the Bank supervise exposures between 10
+and 25 pct of capital, were not under debate, the paper showed.
+    However, preliminary consultations with bank
+representatives had shown some of the initial proposals to be
+flawed, it said.
+    Most proposed changes involved evaluating exposures on a
+case-by-case basis rather than along general lines.
+    Amendments involved the Bank's proposed treatment of
+exposures by financial institutions acting as banker to other
+units of their own group of companies, the paper showed.
+    They also regarded the treatment of credit exposure to
+local governments and other public sector entities, and of
+exposures undertaken by banks that are subsidiaries of banks.
+    Proposals on how to value securities given by a debtor as
+collateral to a credit were slightly changed, the paper showed.
+    Exposures taken on by banks acting as creditor within their
+own group of companies would usually be looked into on a
+case-by-case basis under new proposals, it said.
+    The paper said exposures to state-owned industries and
+other public sector authorities in the U.K. and abroad should
+be given the more lenient treatment of credits to governments
+provided a government gives unconditional repayment guarantees.
+    It cautioned that exposures to U.K. local authorities and
+those guaranteed by the British Export Credit Guarantee
+Department would probably not qualify for such treatment.
+    On credits granted by banks which are a subsidiary of
+another bank, an earlier-proposed 100 pct of capital ceiling
+could be exceeded in individual cases.
+    But the parent bank would have to give a formal undertaking
+to take over the exposure if problems were to occur, and state
+in writing that the exposure was retained in the subsidiary's
+balance sheet to meet precise group objectives, the paper said.
+    On collateral security, it said this "should normally only
+be taken into account when considering the acceptability of a
+bank's exposure up to 25 pct of its capital base."
+    "The presence of security taken on its own will be
+considered by the Bank as an acceptable reason for an exposure
+in excess of 25 pct, but only in the most exceptional
+circumstances and even then to a very limited extent," it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16596" NEWID="1276">
+<DATE> 3-MAR-1987 15:37:38.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0742&#31;reute
+h f BC-AMERICAN-AIRCRAFT-BUY   03-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN AIRCRAFT BUYS INTO HELICOPTER BUILDER</TITLE>
+<DATELINE>    SAN FRANCISCO, March 3 - </DATELINE><BODY>&lt;American Aircraft Corp> said it
+has acquired a 51 pct interest in privately-owned &lt;Hunter
+Helicopter of Nevada Inc> for an undisclosed amount of stock.
+    An American Aircraft official said the company has an
+option to acquire the remaining 49 pct.
+    Hunter Helicopter is in the business of building a two
+passenger helicopter retailing for about 50,000 dlrs each which
+is certified by the Federal Aviation Administration. The
+helicopters will be manufactured in American Aircraft's Uvalde,
+Texas, plant, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16597" NEWID="1277">
+<DATE> 3-MAR-1987 15:37:42.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0743&#31;reute
+s f BC-PREMIER-INDUSTRIAL-CO   03-03 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREMIER INDUSTRIAL CORP &lt;PRE> REGULAR DIVIDEND</TITLE>
+<DATELINE>    CLEVELAND, March 3 -
+    </DATELINE><BODY>Qtly div 11 cts vs 11 cts in prior qtr
+    Payable April 10
+    Record March 23
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16598" NEWID="1278">
+<DATE> 3-MAR-1987 15:38:10.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0745&#31;reute
+d f BC-PREMIER-INDUSTRIAL-&lt;P   03-03 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREMIER INDUSTRIAL &lt;PRE> NAMES EXECUTIVES</TITLE>
+<DATELINE>    CLEVELAND, March 3 - </DATELINE><BODY>Premier Industrial Corp said it named
+Robert Warren to the new post of vice chairman and William
+Hamilton president, succeeding Warren.
+    Morton Mandel continues as chairman and chief executive
+officer and Warren continues as chief operating officer, the
+company said.
+    Hamilton, formerly senior vice president, will have the
+company's three business segments -- maintenance products,
+distribution of electronic components and manufacture of
+fire-fighting accessories -- reporting to him.
+    Additionally, Philip Sims and Bruce Johnson were named
+executive vice presidents, responsible for finance and the
+electronics group, respectively. Sims continues as treasurer
+and chief financial officer, Premier said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16599" NEWID="1279">
+<DATE> 3-MAR-1987 15:38:38.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0746&#31;reute
+u f BC-AMEX-HAS-RECORD-SEAT   03-03 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX HAS RECORD SEAT SALE</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>The American Stock Exchange said it
+sold an options principal membership for a record 305,000 dlrs, 56,000
+dlrs more than the previous seat sold on January 19, 1987, and
+35,000 dlrs above the previous record high in 1983.
+    The Exchange said the current bid is 280,000 dlrs and the
+current offer is 315,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16600" NEWID="1280">
+<DATE> 3-MAR-1987 15:39:06.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0749&#31;reute
+r f BC-INTERNATIONAL-TECHNOL   03-03 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL TECHNOLOGY &lt;ITX> BUYS FIRM</TITLE>
+<DATELINE>    TORRANCE, Calif, March 3 - </DATELINE><BODY>International Technology Corp
+said it has purchased privately-held Western Emergency Service
+Inc in a stock transaction.
+    Western Emergency, an environmental services firm, has
+annual sales of between one and two mln dlrs, compared to
+International Technology's roughly 240-mln-dlr annual sales, a
+spokesman for International Technology said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16601" NEWID="1281">
+<DATE> 3-MAR-1987 15:40:45.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0759&#31;reute
+d f BC-AST-RESEARCH-INC-&lt;AST   03-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AST RESEARCH INC &lt;ASTA> NOMINATES BOARD MEMBERS</TITLE>
+<DATELINE>    IRVINE, Calif., March 3 - </DATELINE><BODY>AST Research Inc said it
+nominated Richard Goeglein, president and chief operating
+officer for Holiday Corp, and Phillip Matthews, chairman and
+chief executive officer for Echelon Sports Corp, for election
+to its board at the May 19 meeting.
+    Two members of the board, Michael Child and Henry McCance,
+will retired at the meeting, the company said.
+    AST Research supplies high performance IBM compatible
+personal computers and  workstations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16602" NEWID="1282">
+<DATE> 3-MAR-1987 15:41:10.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0761&#31;reute
+r f BC-NORFOLK-SOUTHERN-&lt;NSC   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORFOLK SOUTHERN &lt;NSC> IN BUILDING VENTURE</TITLE>
+<DATELINE>    NORFOLK, Va., March 3 - </DATELINE><BODY>Norfolk Southern Corp said it
+entered into a joint venture with Sovran Financial Corp &lt;SOVN>
+to build the Sovran III Building, which will be renamed Norfolk
+Southern Tower.
+    Norfolk Southern said it will locate its headquarters in
+the tower and occupy the 17th through 21st floors. It did not
+disclose the financial terms of the venture.
+    The company said construction of the building adjacent to
+the Royster Building in downtown Norfolk begain in October
+1986. Another story has been added to the original plans,
+making a 21-story tower.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16603" NEWID="1283">
+<DATE> 3-MAR-1987 15:41:19.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0762&#31;reute
+h f BC-CONTINENTAL-GENERAL-I   03-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL GENERAL INSURANCE &lt;CGIC> 4TH QTR NET</TITLE>
+<DATELINE>    OMAHA, Neb., March 3 - 
+    </DATELINE><BODY>Shr 20 cts vs 21 cts
+    Net 783,564 vs 806,278
+    Year
+    Shr 89 cts vs 86 cts
+    Net 3,443,392 vs 3,242,588
+    Note:Full company name is Continental General Insurance Co
+    Net includes profit from sale of securities of 155,410
+dlrs, or four cts a share, and 192,896 dlrs, or five cts a
+share, respectively, in 1986 qtr and year, and of 12,879 dlrs,
+or nil per share, in 1985 qtr. Net for 1985 year includes loss
+from sale of securities of 315,763 dlrs, or eight cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16604" NEWID="1284">
+<DATE> 3-MAR-1987 15:41:33.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0764&#31;reute
+h f BC-MARGAUX-CONTROLS-INC   03-03 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARGAUX CONTROLS INC &lt;MARGX> 3RD QTR LOSS</TITLE>
+<DATELINE>    FREMONT, Calif., March 3 -
+    </DATELINE><BODY>Shr loss 1.60 dlrs vs loss 45 cts
+    Net loss 9,883,000 vs loss 2,744,000
+    Revs 1,309,000 vs 3,289,000
+    Nine mths
+    Shr loss 2.29 dlrs vs loss 98 cts
+    Net loss 14.1 mln vs loss 6,008,000
+    Revs 4,577,000 vs 11.9 mln
+    NOTE: Current periods include loss of 7.5 mln dlrs from
+discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16605" NEWID="1285">
+<DATE> 3-MAR-1987 15:42:02.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0767&#31;reute
+r f BC-MERCHANTS-GROUP-INC-&lt;   03-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCHANTS GROUP INC &lt;MRCH> 4TH QTR OPER NET</TITLE>
+<DATELINE>    BUFFALO, N.Y., March 3 -
+    </DATELINE><BODY>Oper shr profit 21 cts vs loss 2.13 dlrs
+    Oper net profit 456,000 vs loss 2,454,000
+    Revs 16.3 mln vs 13.1 mln
+    Year
+    Oper shr 1.39 dlrs vs loss 2.41 dlrs
+    Oper net profit 1,815,000 vs loss 2,779,000
+    Revs 58.0 mln vs 43.8 mln
+    NOTE: 1986 4th qtr and yr oper net exclude realized
+investment gains of 279,000 dlrs and 1,013,000 dlrs,
+respectively, which includes provision for income taxes of
+238,000 dlrs and 863,000 dlrs for the periods, respectively.
+    1986 4th qtr and yr oper net exclude 606,000 dlrs or 38 cts
+per share and 2,323,000 dlrs or 1.86 dlrs per share, for net
+operating loss carryovers.
+    1985 4th qtr and yr oper net exclude realized investment
+gains of 439,000 dlrs and 666,000 dlrs respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16606" NEWID="1286">
+<DATE> 3-MAR-1987 15:42:12.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0769&#31;reute
+h f BC-HITECH-&lt;THEX>-AND-QUM   03-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HITECH &lt;THEX> AND QUME IN PACT</TITLE>
+<DATELINE>    SAN JOSE, Calif., March 3 - </DATELINE><BODY>The Hitech Engineering Co and
+&lt;Qume Corp> said that Hitech has agreed to design and certify
+certain Qume desktop laser printers for the industrial and
+government TEMPEST market.
+    The TEMPEST program is a set of standards for government
+information processing equipment designed to minimize
+electromagnetic eavesdropping.
+    The companies said that the total TEMPEST market is
+estimated to be around two billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16607" NEWID="1287">
+<DATE> 3-MAR-1987 15:42:17.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0770&#31;reute
+h f BC-CONTINENTAL-GENERAL-&lt;   03-03 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL GENERAL &lt;CGIC> SETS STOCK DIVIDEND</TITLE>
+<DATELINE>    OMAHA, Neb., March 3 - </DATELINE><BODY>Continental General Insurance Co
+said its board of directors declared a 10 pct stock dividend on
+common shares, payable April one to shareholders of record
+March 16.
+    The company yesterday paid a quarterly cash dividend of
+2-1/2 cts a share, unchanged from the previous quarter, to
+shareholders of record February 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16608" NEWID="1288">
+<DATE> 3-MAR-1987 15:42:31.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0771&#31;reute
+r f BC-MARGAUX-CONTROLS-INC   03-03 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARGAUX CONTROLS INC &lt;MARGX> 3RD QTR DEC 28 LOSS</TITLE>
+<DATELINE>    FREMONT, Calif., March 3 -
+    </DATELINE><BODY>Shr loss 1.60 dlrs vs loss 45 cts
+    Net loss 9,883,000 vs loss 2,744,000
+    Revs 1,309,000 vs 3,289,000
+    Nine mths
+    Shr loss 2.29 dlrs vs loss 98 cts
+    Net loss 14.1 mln vs loss 6,008,000
+    Revs 4,577,000 vs 11.9 mln
+    Note: 1986 net losses inlcude 7,507,000-dlr charge from
+discontinued operations of building management system sold to
+Cetek System Inc on Jan 30, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16609" NEWID="1289">
+<DATE> 3-MAR-1987 15:42:40.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0772&#31;reute
+u f BC-AMERICAN-ADVENTURE-&lt;G   03-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ADVENTURE &lt;GOAA> PLAN GET APPROVAL</TITLE>
+<DATELINE>    KIRKLAND, Wash., March 3 - </DATELINE><BODY>American Adventure Inc said its
+reorganization plan was approved by the United States
+Bankruptcy Court for the Western District of the State of
+Washington.
+    The company said the plan calls for the sale of
+substantially all of the assets of the company to a new
+company, which will retain the name American Adventure Inc, and
+be incorporated in Delaware.
+    The transaction is scheduled for later this month when
+shareholders of the old company will receive one share of stock
+in the new company for every 10 shares they hold in the old
+company, according to American Adventure.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16610" NEWID="1290">
+<DATE> 3-MAR-1987 15:44:56.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0779&#31;reute
+b f BC-REAGAN-ARMS   03-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAYS U.S. TO OFFER MISSILE TREATY</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>President Reagan said the United
+States would offer a draft treaty on medium-range missile
+reductions at talks with the Soviet Union in Geneva tomorrow.
+    Reagan also said in a brief televised appearance in the
+White House briefing room that he was summoning Ambassador Max
+Kampelman and the other top U.S. arms negotiators home for
+consultations later this week. He said they will then return to
+Geneva for detailed negotiations on the arms pact.
+    Welcoming Soviet leader Mikhail Gorbachev's offer Saturday
+to proceed with a treaty on Intermediate Range Nuclear forces
+(INF) separate from strategic and space weapons, Reagan said:
+"This removes a serious obstacle to progress towards INF
+reductions."
+    "To seize this new opportunity I have instructed our
+negotiators to begin presentation of our draft INF treaty text
+at Geneva tomoorrow," Reagan said.
+    He said he wanted to stress that of the issues remaining to
+be resolved in the negotiations on medium-range U.S. and Soviet
+missiles, "none is more important than verification ... Any
+agreement must be effectively verifiable."
+    The United States has been working closely with allies and
+friends in Europe and Asia to develop a proposed treaty on
+reducing these weapons with an eye to their eventual
+elimination, the president said.
+     He said the treaty draft followed the formula he agreed
+upon with Gorbachev at their summit meeting last October in
+Reykjavik, Iceland, which was shelved when the Soviet leader
+insisted on linking approval of such a pact to agreement on
+long-range strategic missiles and anti-missile defense.
+    "I remain firmly committed to these objectives," he said.
+    He said Gorbachev's new offer Saturday ending the linkage
+of the three areas of negotiations removed a major barrier to
+agreement and was consistent with the Soviet position at the
+earlier Reagan-Gorbachev summit in Geneva in November 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16611" NEWID="1291">
+<DATE> 3-MAR-1987 15:47:16.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0785&#31;reute
+r f BC-BELL   03-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARRIS CUTS STAKE IN BELL INDUSTRIES &lt;BI></TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Harris Associates L.P., a Chicago
+investment advisory limited partnership, said it lowered its
+stake in Bell Industries Inc to 1,015,800 shares, or 18.7 pct
+of the total outstanding, from 1,083,800 shares, or 20.0 pct.
+    In a filing with the Securities and Exchange Commission,
+Harris said it sold 68,000 Bell common shares between Dec 18
+and Feb 20 at prices ranging from 20.25 to 25.24 dlrs each.
+    Harris said its dealings in Bell stock are on behalf of its
+advisory clients.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16612" NEWID="1292">
+<DATE> 3-MAR-1987 15:47:32.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0787&#31;reute
+d f BC-exspetalnick-(2-takes   03-03 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODYEAR &lt;GT> CHAIRMAN CRITICIZES CORPORATE RAIDS</TITLE>
+<DATELINE>    MIAMI, March 3 - </DATELINE><BODY>The chairman of Goodyear Tire and Rubber
+Co, a concern that survived a recent hostile takeover bid,
+charged that "terrorists in three-piece suits" are undermining
+the nation's industrial base.
+In a speech to a meeting of south Florida business executives,
+Goodyear Chairman Robert Mercer lashed out at corporate raiders
+and takeover specialists, accusing them of causing serious harm
+to the companies they target.
+  "Their interest is not in preserving and strengthening
+America's industrial and providing jobs," he said. "Their
+product is simply deals, and that is not a product which a
+country ... can base a future on."
+    Last year, Mercer fought off a takeover attempt by British
+industrialist Sir James Goldsmith.
+    But Goodyear's independence was preserved at a high price,
+Mercer said.
+    The company bought back Goldsmith's stock for 620 mln dlrs,
+giving him a 93 mln dlr profit. Goodyear also paid him 37 mln
+dlrs for expenses and bought about 41 mln other shares for over
+two billion dlrs.
+    In an effort to trim its new debt, Goodyear closed down
+three plants Mercer believes otherwise could have been saved,
+sold its motor wheel and aerospace units and reduced its
+payroll by 10 pct, he said.
+    Mercer, who plans to testify tomorrow at a Senate hearing
+on a proposed bill to control corporate raiders, said hostile
+takeovers have also hurt workers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16613" NEWID="1293">
+<DATE> 3-MAR-1987 15:47:45.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0789&#31;reute
+d f BC-tiverton-pete-ltd   03-03 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TIVERTON PETROLEUMS LTD> NINE MTHS DEC 31 NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 3 -
+    </DATELINE><BODY>Shr six cts vs five cts
+    Net 459,131 vs 289,433
+    Revs 1,808,832 vs 1,680,240
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16614" NEWID="1294">
+<DATE> 3-MAR-1987 15:48:02.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0791&#31;reute
+r f BC-carling-o'keefe-to   03-03 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARLING O'KEEFE &lt;CKB> TO RETAIN FOOTBALL CLUB</TITLE>
+<DATELINE>    TORONTO, March 3 - </DATELINE><BODY>Carling O'Keefe Ltd said the board
+decided to retain ownership of its Toronto Argonaut Football
+Club, after considering offers to acquire the team.
+    The company said it received a number of expressions of
+interest in buying the club, of which two became formal offers
+to purchase.
+    Neither offer met the company's unspecified requirements
+for selling the football club, Carling said.
+    The Toronto Argonauts are a member of the Canadian Football
+League.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16615" NEWID="1295">
+<DATE> 3-MAR-1987 15:48:14.76</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>morocco</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0792&#31;reute
+u f BC-MORE-INTERMEDIATE-U.S   03-03 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE INTERMEDIATE U.S. WHEAT CREDITS FOR MOROCCO</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The Commodity Credit Corporation has
+approved an additional 45.0 mln dlrs under its interemdiate
+export credit guarantee program, GSM-103, for sales of U.S.
+wheat to Morocco, the U.S. Agriculture Department said.
+    The action increases Morocco's cumulative fiscal year 1987
+program for wheat under GSM-103 to 75.0 mln dlrs.
+    The credit terms extended for exports under the program
+must be in excess of three years but no more than seven years
+to eligible for credit coverage. All sales under this line must
+be registered and exported by September 30, 1987.
+    The department also said the guarantee line for sales of
+U.S. wheat under the Export Credit Guarantee Program, GSM-102,
+has been decreased 45.0 mln dlrs to 60.0 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16616" NEWID="1296">
+<DATE> 3-MAR-1987 15:49:03.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0799&#31;reute
+d f BC-EQUITABLE-LIFE-LEASIN   03-03 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITABLE LIFE LEASING NAMES PRESIDENT</TITLE>
+<DATELINE>    SAN DIEGO, March 3 - </DATELINE><BODY>Equitable Life Leasing Corp said it
+named Lawrence Johnes president and chief operating officer,
+effective April one.
+    Johnes joined the company in November 1984 as executive
+vice president and chief financial officer.
+    Edward Horman will continue as chairman and chief executive
+officer, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16617" NEWID="1297">
+<DATE> 3-MAR-1987 15:49:27.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0800&#31;reute
+d f BC-ROYAL-&lt;RRCO>-SEEKS-NA   03-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL &lt;RRCO> SEEKS NAME CHANGE, SHARE BOOST</TITLE>
+<DATELINE>    DENVER, COLO., March 3 - </DATELINE><BODY>Royal Resources Inc said it is
+calling a special shareholder meeting for April 21 seeking
+approval of a name change and an increase in its authorized
+common shares.
+    Stockholders will be asked to change the company's name to
+Royal Gold Inc to better reflect the company's goal to become a
+gold company.  Royal defines a gold company as one having more
+than 100,000 ounces of gold production a year.
+    In other action, shareholders will be asked to approve an
+increase in authorized common stock to 20 mln from 15 mln
+shares. The shares are expected to be used for future
+acquisition of gold properties, it said.
+    Previously, Royal said it agreed to sell its oil and gas
+properties to Victoria Exploration N.L. of Perth, Australia for
+3.65 mln dlrs.  The company's holders also will be asked to
+approve the transaction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16618" NEWID="1298">
+<DATE> 3-MAR-1987 15:50:04.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0804&#31;reute
+s f BC-MCA-INC-&lt;MCA>-SETS-RE   03-03 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCA INC &lt;MCA> SETS REGULAR QTRLY PAYOUT</TITLE>
+<DATELINE>    UNIVERSAL CITY, Calif., March 3 -
+    </DATELINE><BODY>Qtrly div 17 cts vs 17 cts prior
+    Pay April 13
+    Record March 25
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16619" NEWID="1299">
+<DATE> 3-MAR-1987 15:50:23.85</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0805&#31;reute
+u f BC-SOVIET-GRAINS-SEEN-EN   03-03 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET GRAINS SEEN ENTERING SPRING ON SHAKY NOTE</TITLE>
+<AUTHOR>    by Maggie McNeil, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Soviet winter grains could be off to
+a faulty start this spring after enduring an usually dry fall
+and cold winter, weather and crop analysts said.
+    Prospects for another near-record grain harvest in the
+Soviet Union appear dim at this point, but it is premature to
+forecast any major crop problems, analysts said.
+    But the situation bears careful watching over the next six
+weeks and will ultimately impact the Soviet grain supply and
+future buying plans, analysts of the Soviet Union said.
+    "From a weather standpoint, you can say with certainty that
+the Soviets are not getting off to a good start and will have a
+lower crop (than last year)," Gail Martell, chief meteorologist
+for E.F. Hutton said.
+    The next six weeks in the USSR's grain growing areas will
+be the crucial period that will determine the final outcome of
+the winter crops, Martell and other analysts said.
+    "Where the crop is really made or broken is still ahead of
+us," an Agriculture Department authority on the USSR said.
+    The Soviet Union recently reported that nine mln hectares
+of winter grain will have to be reseeded due to winterkill.
+This would be equal to about 25 pct of the total winter crop
+and would be the second highest winterkill in ten years, the
+USDA analyst said.
+    With a timely spring, Soviet farmers would probably be able
+to reseed the damaged acreage with spring crops, but analysts
+noted that spring crops normally yield lower than winter crops
+-- sometimes as much as 30-35 pct lower.
+    Normally winterkill is caused by inadequate snowcover
+combined with cold temperatures. This winter, however,
+snowcover in Soviet grain areas has generally been excellent,
+so the bulk of winterkill, analysts speculate, likely has been
+due to a very dry fall and subsequent poor crop germination.
+    "Fall dryness may be a problem. There's a good correlation
+between mediocre crops and fall dryness," Martell said.
+    Precipitation last fall was as little as 25 pct of normal
+in southern and northern Ukraine, and below normal over the
+entire winter crop area, she said.
+    Recent cold temperatures in grain areas in which the
+snowcover has been gradually melting could also have caused 
+problems of ice-crusting and winterkill, Jim Candor, senior
+forecaster for Accu Weather, said.
+    Livestock feed needs have probably increased because of the
+fall and winter, analysts said. The dry fall damaged pastures,
+the cold winter raised feed demands and a late spring would
+require longer off-pasture feeding, they said.
+    "The Soviets are not in a desperate situation ... they
+don't have to buy (grains) now," a USDA official said.
+    But if the Soviets are worried about their winter crops and
+if they feel that last year's huge crop of 210 mln tonnes was a
+one-time fluke brought on by perfect conditions, more Soviet
+buying might occur to insure crop supplies, he said.
+    Bad weather during the next six weeks could push the
+Soviets back into the market, weather analysts said.
+    "A lot of winterkill could occur during the next month and
+a half," Martell said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16620" NEWID="1300">
+<DATE> 3-MAR-1987 15:50:42.06</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>canada</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0806&#31;reute
+r f BC-ALCAN-(AL)-TO-CLOSE-W   03-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN (AL) TO CLOSE WEST GERMAN SMELTER</TITLE>
+<DATELINE>    MONTREAL, March 3 - </DATELINE><BODY>(Alcan Aluminium Ltd) is closing its
+aluminum smelter in Ludwigshafen, West Germany this June due to
+high operating costs, an Alcan spokesman said.
+    The smelter, near Frankfurt, had annual capacity of about
+44,000 metric tons but was operating at about half that in
+January, spokesman Fernand Leclerc said.
+    Leclerc said Alcan decided it would cost too much to
+modernize the plant.
+    He said there is a possibility the company will sell the
+smelter, which currently employs 320 people, before its
+scheduled closing.             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16621" NEWID="1301">
+<DATE> 3-MAR-1987 15:51:08.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0809&#31;reute
+h f BC-ROYAL-RESOURCES-CORP   03-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL RESOURCES CORP &lt;RRCO> 2ND QTR DEC 31 LOSS</TITLE>
+<DATELINE>    DENVER, March 3 -
+    </DATELINE><BODY>Shr loss 72 cts vs loss 1.48 dlrs
+    Net loss 4,466,006 vs loss 9,091,688
+    Revs 608,181 vs 1,280,727
+    Avg shrs 6,194,000 vs 6,155,461
+    First half
+    Shr loss 77 cts vs loss 1.51 dlrs
+    Net loss 4,752,455 vs loss 9,265,457
+    Revs 1,444,149 vs 2,791,188
+    Avg shrs 6,174,731 vs 6,155,461
+    NOTE: Losses include charges of 4.0 mln dlrs in both 1986
+periods vs 14.4 mln dlrs in both 1985 periods for write-down of
+oil and gas properties
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16622" NEWID="1302">
+<DATE> 3-MAR-1987 15:52:03.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0813&#31;reute
+r f BC-MUSTO-&lt;MUSMF>-NEGOTIA   03-03 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUSTO &lt;MUSMF> NEGOTIATES PRIVATE PLACEMENT</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 3 - </DATELINE><BODY>Musto Explorations
+Ltd said it negotiated the private placement of up to 300,000
+shares at 1.65 dlrs each.
+    It said the investors would receive non-transferable share
+purchase warrants allowing them to acquire up to another
+300,000 shares at 1.90 dlrs each over one year.
+    The placement is subject to regulatory approval, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16623" NEWID="1303">
+<DATE> 3-MAR-1987 15:53:23.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0817&#31;reute
+u f BC-HANSON-TRUST-&lt;HAN>-CO   03-03 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANSON TRUST &lt;HAN> COMPLETES KAISER PURCHASE</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Hanson Trust PLC said Kaiser Cement
+shareholders today approved the previously announced merger
+agreement making Kaiser Cement an indirect wholly owned unit of
+Hanson Trust.
+    Hanson said that promptly following the filing of the
+certificate of merger Kaiser Cement common shares will be
+delisted from the New York Stock Exchange.
+    Hanson also said, in accordance with the merger agreement
+Kasier Cement also has redeemed all outstanding shares of its
+1.375 dlr convertible preferance stocks and its outstanding 9
+pct convertible debentures due 2005.
+    The acquisitions total purchase price (including cost of
+financing the above-mentioned redemptions) will be about 250
+mln dlrs, Hanson said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16624" NEWID="1304">
+<DATE> 3-MAR-1987 15:54:28.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0822&#31;reute
+r f BC-APPLIED-MAGNETICS-&lt;AP   03-03 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLIED MAGNETICS &lt;APM> NAMES OFFICERS</TITLE>
+<DATELINE>    GOLETA, Calif., March 3 - </DATELINE><BODY>Applied Magnetics Corp said its
+board named Ben Newitt to the new position of vice chairman and
+as chief executive officer.
+    Newitt, who had been president and chief executive officer,
+is succeeded as president by William Anderson, who had been
+executive vice president and chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16625" NEWID="1305">
+<DATE> 3-MAR-1987 15:56:51.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0830&#31;reute
+r f BC-PHONE-A-GRAM-&lt;PHOG>-N   03-03 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHONE-A-GRAM &lt;PHOG> NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    RENO, Nev., March 3 - </DATELINE><BODY>Phone-A-Gram System Inc said it named
+Eugene Mora its Chairman and chief executive officer.
+    Mora succeed Fred Peterson, who resigned.
+    Mora had been president of Victor Temporary Services. He
+has been a member of Phone-A-Gram's board since 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16626" NEWID="1306">
+<DATE> 3-MAR-1987 15:57:37.08</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>saudi-arabia</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y V RM
+&#22;&#22;&#1;f0832&#31;reute
+u f BC-OIL-PRICES-RISE-ON-SA   03-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OIL PRICES RISE ON SAUDI EFFORT</TITLE>
+<AUTHOR>    BY TED D'AFFLISIO, REUTERS</AUTHOR>
+<DATELINE>    NEW YORK, MARCH 3 - </DATELINE><BODY>Crude oil prices rallied today, moving
+over 17.00 dlrs a barrel because of Saudi Arabia's determined
+effort to support prices, analysts said.
+    "The Saudis and other OPEC nations are jawboning the market,
+hoping to restore confidence and prices and to do this without
+another meeting," said Sanford Margoshes, oil analyst with
+Shearson Lehman Brothers Inc.
+    "But OPEC is not out of the woods yet by a longshot due to
+seasonal declines in demand and some cheating," he added.
+    Oil industry analysts said Saudi Arabia has led the attempt
+to get other OPEC members to resist pressures to discount from
+the official prices agreed to last december.
+    The analysts said that to get others to hold the line,
+Saudi Arabia pushed hard at the meeting of deputy oil ministers
+of the Gulf Cooperation Council last weekend and at the
+Cooperation Council oil ministers' meeting the previous week.
+    The Saudis have also offered to support members having
+difficulty in selling their oil, analysts said.
+    "They are trying to make sure that no one discounts, and to
+prevent that, it appears that Saudi Arabia or some other OPEC
+member will allocate some of their oil sales to help members
+that lose sales," Margoshes said.
+    He added that the allocations would probably be in the form
+of loans to be repaid when these nations resume sales.
+    Analysts said this would be useful in keeping in line
+nations like Qatar, which has had trouble selling oil. But it
+is also likely that such assistance would be provided to
+Nigeria which is under pressure to extend discounts.
+    Analysts said that Saudi Arabia, with assistance from OPEC
+president Rilwanu Lukman, was trying to avoid an emergency OPEC
+meeting for fear that it would give the appearance that the
+December pact is falling apart.
+    Daniel McKinley, oil analyst with Smith Barney, Upham
+Harris and Co said, "both physical and futures markets have been
+oversold and it only took a small spark to bring on a short
+covering rally."
+    He believes an Iranian trade mission to Tokyo, which
+refused discounts to Japanese buyers, brought Japanese refiners
+into the market to cover their short positions.
+    Oil traders said one japanese refiner came into the market
+to but 10 cargoes of May Dubai, which sent prices up on Mideast
+sours, with Dubai trading up to 16.50 dlrs after trading
+yeterray as low as 15.63 dlrs and then spilled over into the
+North sea crude oil market.
+    Traders said that there have been persistent rumors today
+that Japanese buyers are looking to pick up cargoes of Brent
+for Japan and European trade sources indidate rumors of vessels
+being fixed to make such shipments.
+    North sea brent today rose over 17.00 dlrs with trades
+reported as high as 17.05 dlrs, up one dlr.
+    OPEC members' denials that they are producing over their
+quotas sparked moves to cover short postitions.
+    Indonesian oil minister Subroto said today that OPEC
+production was below the 15.8 mln bpd quota agreed to last
+december but he gave no details on OPEC production against
+claims it was more at least one mln bpd above that level.
+    "The production probably is about their quota level and
+largely because Saudi Arabia will not discount and canot sell
+its oil as a result," Margoshes said.
+    Analysts have mixed opinions about the extent of the
+current rally. Some believe prices can continue to rise if
+Saudi Arabia and OPEC hold steady in a refusal to discount.
+    But others said that despite the rally today there were
+still several fundamental factors, including demand, which
+could cut the rally short.
+    Marion Stewart, an indepedent petroleum economist, said
+slow growth in the economies of the U.S. and OECD would keep
+demand for oil slack and he now estimates that demand to rise
+about 1.4 pct over 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16627" NEWID="1307">
+<DATE> 3-MAR-1987 16:01:09.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0842&#31;reute
+f f BC-******U.S.-SELLING-13   03-03 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLING 13.2 BILLION DLRS OF 3 AND 6-MO BILLS MARCH 9 TO PAY DOWN 2.45 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16628" NEWID="1308">
+<DATE> 3-MAR-1987 16:03:42.64</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0852&#31;reute
+u f BC-TREASURY-BALANCES-AT   03-03 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED ROSE ON FEB 27</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve rose on Feb 27 to 3.482 billion dlrs from 1.538 billion
+dlrs the previous business day, the Treasury said in its latest
+budget statement.
+    Balances in tax and loan note accounts fell to 21.334
+billion dlrs from 25.164 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 24.816
+billion dlrs on Feb 27 compared with 26.702 billion dlrs on Feb
+26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16629" NEWID="1309">
+<DATE> 3-MAR-1987 16:04:28.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0854&#31;reute
+u f BC-/U.S.-TO-SELL-13.2-BI   03-03 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO SELL 13.2 BILLION DLRS IN BILLS</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The U.S. Treasury said it will sell
+13.2 billion dlrs of three and six-month bills at its regular
+auction next week.
+    The March 9 sale, to be evenly divided between the three
+and six month issues, will result in a paydown of 2.45 billion
+dlrs as maturing bills total 15.65 billion dlrs.
+    The bills will be issued March 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16630" NEWID="1310">
+<DATE> 3-MAR-1987 16:04:59.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0855&#31;reute
+w f BC-NYNEX-&lt;NYN>-UNIT-WINS   03-03 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYNEX &lt;NYN> UNIT WINS ARMY CONTRACT</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., March 3 - </DATELINE><BODY>Nynex Business Information
+Systems Co said it won a contract valued at nine mln dlrs from
+the U.S. Army Corp of Engineers to provide an advanced
+communications system for a facility in upstate New York.
+    The company, a unit of Nynex Corp, said the contract was
+for initial work on the project at the new Fort Drum Light
+Infantry Post near Watertown, about 65 miles north of Syracuse.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16631" NEWID="1311">
+<DATE> 3-MAR-1987 16:05:12.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0856&#31;reute
+d f BC-KASLER-CORP-&lt;KASL>-1S   03-03 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KASLER CORP &lt;KASL> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    LOS ANGELES, March 3 -
+    </DATELINE><BODY>Shr profit three cts vs loss seven cts
+    Net profit 161,000 vs loss 367,000
+    Revs 24.3 mln vs 26.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16632" NEWID="1312">
+<DATE> 3-MAR-1987 16:05:22.24</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0857&#31;reute
+u f BC-LOWER-COFFEE-PRICES-M   03-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE MAY FALL MORE BEFORE NEW QUOTA TALKS</TITLE>
+<AUTHOR>    By Douglas Learmond, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 3 - </DATELINE><BODY>Coffee prices may have to fall even lower
+to bring exporting and importing countries once more round the
+negotiating table to discuss export quotas, ICO delegates and
+traders said.
+    The failure last night of International Coffee
+Organization, ICO, producing and consuming countries to agree
+export quotas brought a sharp fall on international coffee
+futures markets today with the London May price reaching a
+4-1/2 year low at one stage of 1,270 stg per tonne before
+ending the day at 1,314 stg, down 184 stg from the previous
+close.
+    The New York May price was down 15.59 at 108.00 cents a lb.
+    Pressure will now build up on producers returning from the
+ICO talks to sell coffee which had been held back in the hope
+the negotiations would establish quotas which would put a floor
+under prices, some senior traders said.
+    The ICO 15 day average price stood at 114.66 cents a lb for
+March 2. This compares with a target range of 120 to 140 cents
+a lb under the system operating before quotas were suspended in
+February last year following a sharp rise in international
+prices caused by drought damage to the Brazilian crop.
+    In a Reuter interview, Brazilian Coffee Institute, IBC,
+President Jorio Dauster urged producers not to panic and said
+they need to make hard commercial decisions. "If we have failed
+at the ICO, at least we have tried," Dauster said, adding "now it
+is time to go and sell coffee."
+    But Brazil is keeping its marketing options open. It plans
+to make an official estimate of the forthcoming crop next
+month, Dauster said. It is too difficult to forecast now. Trade
+sources have put the crop at over 26 mln bags compared with a
+previous crop of 11.2 mln. Brazil is defining details of public
+selling tenders for coffee bought on London's futures market
+last year.
+    A basic condition will be that it does not go back to the
+market "in one go" but is sold over a minimum of six months.
+    The breakdown of the ICO negotiations reflected a split
+between producers and consumers on how to set the yardstick for
+future quotas. Consumers said "objective criteria" like average
+exports and stocks should determine producer quota shares,
+Dauster said.
+    All elements of this proposal were open to negotiation but
+consumers insisted they did not want a return to the "ad hoc" way
+of settling export quotas by virtual horse trading amongst
+producers whilst consumers waited in the corridors of the ICO.
+    Dauster said stocks and exports to ICO members and
+non-members all need to be considered when setting quotas and
+that Brazil would like to apply the coffee pact with a set
+ratio of overall quota reflecting stock holdings.
+    It is a "simplistic misconception that Brazil can dictate"
+policy to other producers. While consumer countries are welcome
+to participate they cannot dictate quotas which are very
+difficult to allocate as different "objective criteria" achieve
+different share-outs of quota, Dauster said.
+    Other delegates said there was more open talking at the ICO
+and at least differences were not hidden by a bad compromise.
+    Consumer delegates said they had not been prepared to
+accept the producers' offer to abandon quotas if it proves
+impossible to find an acceptable basis for them.
+    "We want the basis of quotas to reflect availability and to
+encourage stock holding as an alternative to a buffer stock if
+supplies are needed at a later stage," one delegate said.
+    Some consumers claimed producer support for the consumer
+argument was gaining momentum towards the end of the ICO
+session but said it is uncertain whether this will now collapse
+and how much producers will sink their differences should
+prices fall further and remain depressed.
+    The ICO executive board meets here March 30 to April 1 but
+both producer and consumer delegates said they doubt if real
+negotiations will begin then. The board is due to meet in
+Indonesia in June with a full council scheduled for September.
+    More cynical traders said the pressure of market forces and
+politics in debt heavy Latin American producer countries could
+bring ICO members back around the negotiating table sooner than
+many imagine. In that case quotas could come into force during
+the summer. But most delegates and traders said quotas before
+October are unlikely, while Brazil's Dauster noted the ICO has
+continued although there were no quotas from 1972 to 1980.
+    A clear difference between the pressures already being felt
+by importers and exporters was that consumers would have been
+happy to agree on a formula for future quotas even if it could
+not be imposed now. At least in that way they said they could
+show a direct relationship between quotas and availability.
+    In contrast producers wanted stop-gap quotas to plug the
+seemingly bottomless market and were prepared to allow these to
+lapse should lasting agreement not be found.
+    "Producers were offering us jam tomorrow but after their
+failure to discuss them last year promises were insufficient
+and we wanted a cast iron commitment now," one consumer said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16633" NEWID="1313">
+<DATE> 3-MAR-1987 16:05:38.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0858&#31;reute
+u f BC-SEAMAN-FURNITURE-&lt;SEA   03-03 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEAMAN FURNITURE &lt;SEAM> IN STOCK SPLIT</TITLE>
+<DATELINE>    CARLE PLACE, N.Y., March 3 - </DATELINE><BODY>Seaman Furniture Co Inc said
+its board declared a two-for-one split of the company's
+outstanding stock.
+    It said holders of its common will receive one additional
+share for each share held as of March 20. It said certificates
+representing additional shares will be distributed as soon as
+possible after April 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16634" NEWID="1314">
+<DATE> 3-MAR-1987 16:06:02.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0859&#31;reute
+r f BC-&lt;SCOTT'S-HOSPITALITY   03-03 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SCOTT'S HOSPITALITY INC> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    TORONTO, March 3 -
+    </DATELINE><BODY>Oper shr eight cts vs eight cts
+    Oper net 5,219,000 vs 4,377,000
+    Revs 214.9 mln vs 182.5 mln
+    NINE MTHS
+    Oper shr 51 cts vs 51 cts
+    Oper net 29.6 mln vs 27.9 mln
+    Revs 634.5 mln vs 569.3 mln
+    1986 net excludes extraordinary gain of 8,031,000 dlrs or
+15 cts shr.
+    1987 net reflects three-for-one stock split in 2nd qtr and
+issue of 1.5 mln subordinate voting shares in 1st qtr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16635" NEWID="1315">
+<DATE> 3-MAR-1987 16:06:59.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0862&#31;reute
+d f BC-TELXON-CORP-&lt;TLXN>-SE   03-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELXON CORP &lt;TLXN> SEES HIGHER REVENUES</TITLE>
+<DATELINE>    AKRON, Ohio, March 3 - </DATELINE><BODY>Telxon Corp reported it expects
+revenues for the quarter ending March 31 to be between 26 to 28
+mln dlrs.
+    The company said earnings per share for the period should
+be between 23 cts to 26 cts.
+    "The company is making an announcement at this time in
+response to analysts fourth quarter revenues and earnings per
+share estimates of 29 mln to 32 mln and 24 cts to 30 cts,
+respecivtely," said Raymond Meyo, president and chief executive
+officer.
+    Telxon recorded revenues of 24.2 mln dlrs for the quarter
+last year, and earnings per share of 22 cts, adjusted for a
+three-for-two stock split in May 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16636" NEWID="1316">
+<DATE> 3-MAR-1987 16:07:20.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0863&#31;reute
+d f BC-ROYAL-RESOURCES-&lt;RRCO   03-03 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL RESOURCES &lt;RRCO> SETS VOTE ON SALE</TITLE>
+<DATELINE>    DENVER, March 3 - </DATELINE><BODY>Royal Resources Corp said its board set
+an April 21 a shareholders' meeting to vote on the sale of its
+oil and gas properties for 3,650,000 dlrs, an increase in
+authorized common to 20 mln shares from 15 mln and the change
+of the company's name to Royal Gold Inc.
+    The company has agreed to sell its oil and gas properties
+to &lt;Victoria Exploration N.L.> of Perth, Western Australia.
+    Royal Resources also said the sale of its interest in two
+gold properties -- the Colosseum Mine in San Bernardino County,
+Calif., and the Camp Bird mine near Ouray, Colo. -- was closed
+on February 27. The company said it received 4.4 mln dlrs and
+cancellation of the remaining balance due on the acquisition of
+the interest, adding this represents 2.5 mln dlrs more than it
+paid for the interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16637" NEWID="1317">
+<DATE> 3-MAR-1987 16:08:03.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0868&#31;reute
+r f BC-AMERICAN-VANGUARD-COR   03-03 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN VANGUARD CORP &lt;AMGD> YEAR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 3 -
+    </DATELINE><BODY>Shr 57 cts vs 27 cts
+    Net 1,002,000 vs 470,000
+    Sales 15.9 mln vs 12.0 mln
+    Note: 4th qtr figures not given.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16638" NEWID="1318">
+<DATE> 3-MAR-1987 16:10:29.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0872&#31;reute
+u f BC-CANADA-INTRODUCES-NEW   03-03 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA INTRODUCES NEW BANKING LEGISLATION</TITLE>
+<DATELINE>    OTTAWA, March 3 - </DATELINE><BODY>Legislation to implement the first stage
+of a promised sweeping new regulatory framework for the
+Canadian banking system was presented in the House of Commons,
+the finance department said.
+    The department said the main measures in the bill include
+the previously announced consolidation of federal supervisory
+agencies into the new Office of the Superintendent of Financial
+Institutions and a strengthening of the Canada Deposit
+Insurance Act.
+    The department said further legislation, first outlined in
+the December policy statement will be introduced later this
+year and will include broadening of the powers of financial
+institutions and the new ownership policies.                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16639" NEWID="1319">
+<DATE> 3-MAR-1987 16:10:48.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0873&#31;reute
+a f BC-ATT-&lt;T>-SETS-HEARING   03-03 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> SETS HEARING IMPAIRED SERVICE</TITLE>
+<DATELINE>    PARSIPPANY, N.J., March 3 - </DATELINE><BODY>American Telephone and
+Telegraph Co said it will offer a special team of
+representatives to help hearing-impaired persons use
+telecommunications services.
+    The team will work through the company's National Special
+Needs Center, which offers various products that enable
+hearing-, motion-, speech- and vision-impaired persons to use
+telecommunications devices such as a keyboard to talk and paper
+or video printouts to listen.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16640" NEWID="1320">
+<DATE> 3-MAR-1987 16:11:09.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0874&#31;reute
+h f BC-HARPER-INTERNATIONAL   03-03 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARPER INTERNATIONAL INC &lt;HNT> 3RD QTR JAN 31</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, March 3 -
+    </DATELINE><BODY>Shr 12 cts vs 19 cts
+    Net 369,000 vs 358,000
+    Revs 7,076,000 vs 6,712,000
+    Avg shrs 3,050,000 vs 1,850,000
+    Nine mths
+    Shr 53 cts vs 63 cts
+    Net 1,523,000 vs 1,158,000
+    Revs 22.6 mln vs 20.7 mln
+    Avg shrs 2,852,198 vs 1,850,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16641" NEWID="1321">
+<DATE> 3-MAR-1987 16:13:23.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0878&#31;reute
+d f BC-HOME-INTENSIVE-CARE-&lt;   03-03 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME INTENSIVE CARE &lt;KDNY> EXTENDS CONVERSION</TITLE>
+<DATELINE>    MIAMI, March 3 - </DATELINE><BODY>Home Intensive Care Inc said it extended
+until March 15 the period during which holders of its callable
+cumulative convertible preferred stock may convert each of
+their shares into 2.2 shares of the company's common stock.
+    After that date, the preferred may be converted into two
+shares of common, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16642" NEWID="1322">
+<DATE> 3-MAR-1987 16:13:33.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0879&#31;reute
+s f BC-WITCO-CORP-&lt;WIT>-SETS   03-03 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WITCO CORP &lt;WIT> SETS REGULAR QTLY PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 3 -
+    </DATELINE><BODY>Qtly div 28 cts vs 28 cts prior
+    Pay April one
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16643" NEWID="1323">
+<DATE> 3-MAR-1987 16:17:52.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0896&#31;reute
+d f BC-REIDEL-&lt;RETI>-UNIT-SE   03-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REIDEL &lt;RETI> UNIT SELECTED FOR EPA CONTRACT</TITLE>
+<DATELINE>    PORTLAND, Ore., March 3 - </DATELINE><BODY>Reidel Environmental Technologies
+Inc said its Reidel Envirnomental Services Inc unit won a
+contract with the Environmental Protection Agency that could
+total over 100 mln dlrs over the next four years.
+    Under the agreement, which began March 1, Reidel will act
+as the prime contractor for the cleanup and removal of
+hazardous substances from contaminated sites in the EPA's Zone
+IV, which encompasses 23 states west of the Mississippi.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16644" NEWID="1324">
+<DATE> 3-MAR-1987 16:20:43.91</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0900&#31;reute
+b f BC-pancanadian   03-03 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PANCANADIAN TO SELL NORTH SEA PROPERTIES, UNIT TO WHITEHALL FOR CASH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16645" NEWID="1325">
+<DATE> 3-MAR-1987 16:21:17.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0903&#31;reute
+r f BC-WEEKLY-ELECTRIC-OUTPU   03-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEEKLY ELECTRIC OUTPUT UP 2.4 PCT FROM 1986</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>U.S. power companies generated a net
+50.08 billion kilowatt-hours of electrical energy in the week
+ended Feb 28, up 2.4 pct from 48.91 billion a year earlier, the
+Edison Electric Institute (EEI) said.
+    In its weekly report on electric output, the electric
+utility trade association said electric output in the week
+ended Feb 21 was 51.10 billion kilowatt-hours.
+    The EEI said power production in the 52 weeks ended Feb 28
+was 2,554.41 billion kilowatt hours, up 2.2 pct from the
+year-ago period.
+    Electric output so far this year was 458.51 billion
+kilowatt hours, up 2.2 pct from 448.79 billion last year, the
+EEI said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16646" NEWID="1326">
+<DATE> 3-MAR-1987 16:21:45.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0907&#31;reute
+s f BC-&lt;MDS-HEALTH-GROUP-LIM   03-03 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MDS HEALTH GROUP LIMITED> IN QTLY PAYOUT</TITLE>
+<DATELINE>    TORONTO, March 3 - 
+    </DATELINE><BODY>Qtly div six cts vs six cts prior
+    Pay April one
+    Record March 23
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16647" NEWID="1327">
+<DATE> 3-MAR-1987 16:22:26.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0909&#31;reute
+h f BC-HARPER-INTERNATIONAL   03-03 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARPER INTERNATIONAL INC &lt;HNT> 3RD QTR NET</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, March 3 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr 12 cts vs 19 cts
+    Net 369,000 vs 358,000
+    Revs 7,076,000 vs 6,712,000
+    Avg shrs 3,050,000 vs 1,850,000
+    Nine mths
+    Shr 53 cts vs 63 cts
+    Net 1,523,000 vs 1,158,000
+    Revs 22.6 mln vs 20.7 mln
+    Avg shrs 2,852,198 vs 1,850,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16648" NEWID="1328">
+<DATE> 3-MAR-1987 16:26:58.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0912&#31;reute
+h f BC-BURST-AGRITECH-INC-&lt;B   03-03 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURST AGRITECH INC &lt;BRZT> YEAR NOV 30 LOSS</TITLE>
+<DATELINE>    OVERLAND, KAN., March 3 -
+    </DATELINE><BODY>Net loss 705,496 vs loss 182,766
+    Sales 642,590 vs 1,126,315
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16649" NEWID="1329">
+<DATE> 3-MAR-1987 16:29:42.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0919&#31;reute
+r f BC-RIEDEL-ENVIRONMENT-&lt;R   03-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIEDEL ENVIRONMENT &lt;RETI> UNIT GETS EPA CONTRACT</TITLE>
+<DATELINE>    PORTLAND, Ore., March 3 - </DATELINE><BODY>Riedel Environment Technologies
+Inc's subsidiary Riedel Environmental Services Inc &lt;RES>
+received a contract to clean up and remove hazardous substances
+from contaminated sites in 23 states west of the Mississippi
+River.
+    The contract, which could total more than 100 mln dlrs over
+the next four years, is with the Federal Environmental
+Protection Agency, the company said.
+    Among the states covered in the contract are Alaska and
+Hawaii, as well as the Pacific Trust Territories, Riedel said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16650" NEWID="1330">
+<DATE> 3-MAR-1987 16:30:51.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0922&#31;reute
+r f BC-CANNON-GROUP-&lt;CAN>-DE   03-03 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANNON GROUP &lt;CAN> DECLINES COMMENT ON STOCK</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>The New York Stock Exchange said Cannon
+Group Inc declined to comment on the unusual activity in its
+common stock.
+    Cannon's stock is up 1-3/8 points at 10-1/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16651" NEWID="1331">
+<DATE> 3-MAR-1987 16:31:14.73</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0924&#31;reute
+u f BC-******API-SAYS-DISTIL   03-03 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>API SAYS DISTILLATE STOCKS OFF 4.4 MLN BBLS, GASOLINE OFF 30,000, CRUDE UP 700,000
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16652" NEWID="1332">
+<DATE> 3-MAR-1987 16:33:09.60</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>canada</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0930&#31;reute
+r f BC-ALCAN-(AL)-TO-CLOSE-W   03-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN TO CLOSE WEST GERMAN SMELTER</TITLE>
+<DATELINE>    MONTREAL, March 3 - </DATELINE><BODY>Alcan Aluminium Ltd is closing its
+aluminum smelter in Ludwigshafen, West Germany this June due to
+high operating costs, an Alcan spokesman said.
+    The smelter, near Frankfurt, had annual capacity of about
+44,000 tonnes but was operating at about half that in January,
+spokesman Fernand Leclerc said.
+    Leclerc said Alcan decided it would cost too much to
+modernize the plant.
+    He said there is a possibility the company will sell the
+smelter, which currently employs 320 people, before its
+scheduled closing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16653" NEWID="1333">
+<DATE> 3-MAR-1987 16:34:07.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0931&#31;reute
+u f BC-WRITERS-GUILD-TO-MEET   03-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WRITERS GUILD TO MEET WITH NETWORKS THURSDAY</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>The Writers Guild of America said it
+agreed to meet with representatives of CBS Inc &lt;CBS> and
+Capital Cities/ABC Inc &lt;CCB> at the offices of the Federal
+Mediation Service at 1000 EST Thursday.
+    "The guild is pleased that the networks have returned to
+the table," a spokesman said. The talks would be the first
+since the guild struck radio and television networks and some
+local broadcast operations of the two companies at 0600 EDT
+March two.
+    A contract covering more than 500 writers, editors and
+other personnel expired early March two.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16654" NEWID="1334">
+<DATE> 3-MAR-1987 16:35:01.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0933&#31;reute
+r f BC-COCA-COLA-BOTTLING-&lt;C   03-03 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA-COLA BOTTLING &lt;COKE> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 3 - </DATELINE><BODY>Coca-Cola Bottling Co
+Consolidated said James Moore Jr. will assume the position of
+president and chief executive office, replacing Marvin W.
+Griffin Jr., who resigned effective today.
+    The company said Moore previously served as president of
+&lt;Atlantic Soft Drink Co>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16655" NEWID="1335">
+<DATE> 3-MAR-1987 16:35:36.70</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0934&#31;reute
+r f BC-PANCANADIAN-TO-SELL-B   03-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANCANADIAN TO SELL BRITISH INTERESTS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 3 - </DATELINE><BODY>&lt;PanCanadian Petroleum Ltd>
+said it agreed to sell its working interest in its North Sea
+properties and its British unit, Canadian Pacific Oil and Gas
+of Canada Ltd, to Whitehall Petroleum Ltd, a private British
+company.
+    PanCanadian, 87 pct-owned by Canadian Pacific Ltd &lt;CP>,
+said it would receive 1.7 mln British pounds cash (3.5 mln
+Canadian dlrs) at closing, expected in two to three months.
+    It said the deal is subject to approval by regulators and
+its partners in the properties, which consist of exploration
+wells. It will also retain a royalty interest in the
+properties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16656" NEWID="1336">
+<DATE> 3-MAR-1987 16:37:10.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0940&#31;reute
+r f BC-ALLEGHENY-INT'L-&lt;AG>   03-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY INT'L &lt;AG> TO CLOSE THREE PLANTS</TITLE>
+<DATELINE>    PITTSBURGH, March 3 - </DATELINE><BODY>Allegheny International Inc said it
+plans to close three appliance manufacturing plants as part of
+a restructuring.
+    The company said it will close its Milwaukee plant by
+October 1, idling 350 employees, and its Dayton, Tenn.,
+facility, with about 300 employees, by March 1, 1988.
+    In addition, a plant in Toronto will phase out production
+of small electric appliances over the next eight month's,
+affecting about 195 of the facility's 425 employees.
+    Production of barbecue grills and lawn mowers is also under
+review at the Toronto plant, operated by the company's Sunbeam
+Corp (Canada) unit. The plant will continue selling appliances
+in Canada.
+    The company's Oster division makes blenders and other
+appliances at the Milwaukee and Dayton plants. Oster
+headquarters will stay in Milwaukee and manufacturing of
+products will be consolidated at other facilities in
+McMinnville and Cookville, both in Tennessee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16657" NEWID="1337">
+<DATE> 3-MAR-1987 16:39:14.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0943&#31;reute
+d f AM-ENERGY   03-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONGRESS PASSES APPLIANCE STANDARD BILL</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Congress passed and sent to President
+Reagan a bill that sets energy efficiency standards for major
+household appliances such as refrigerators, air conditioners,
+washers and dryers and furnances.
+    Final action came on a voice vote in the House. The Senate
+had passed the bill, 89-6, on February 17.
+    Reagan vetoed a similar bill last year after Congress had
+adjourned, but has indicated he will sign this measure.
+    The standards will take effect over the next six years and
+appliance manufacturers will then have five years to redesign
+their appliances to meet the standards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16658" NEWID="1338">
+<DATE> 3-MAR-1987 16:41:33.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0948&#31;reute
+r f BC-PIEDMONT-AIR-&lt;PIE>-FE   03-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT AIR &lt;PIE> FEBRUARY LOAD FACTOR RISES</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., March 3 - </DATELINE><BODY>Piedmont Aviation Inc's
+Piedmont Airlines said its February load factor, or percentage
+of seats filled, rose to 55.5 pct, from 52.6 pct for the same
+month last year.
+    The airline said revenue passenger miles for the month were
+up 20.1 pct, to 780 mln, from 649.3 mln. A revenue passenger
+mile is one paying passenger flown one mile.
+    Piedmont said its capacity increased 13.8 pct, to 1.40
+billion available seat miles, from 1.23 billion.
+    Year to date, Piedmont said its load factor was 54.1 pct vs
+51.6 pct last year.
+    It said revenue passenger miles totaled 1.57 billion vs
+1.34 billion and capacity was 2.90 billion available seat miles
+vs 2.61 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16659" NEWID="1339">
+<DATE> 3-MAR-1987 16:41:44.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0950&#31;reute
+d f BC-TELXON-&lt;TXLN>-SEES-SL   03-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELXON &lt;TXLN> SEES SLIGHTLY HIGHER 4TH QTR NET</TITLE>
+<DATELINE>    AKRON, OHIO, March 3 - </DATELINE><BODY>Telxon Corp said it expects
+per-share earnings for its fourth quarter ending March 31 to be
+about 23 cts to 26 cts on revenues of 26 mln dlrs to 28 mln
+dlrs.
+    For the year-ago quarter, the company earned 22 cts a
+share, adjusted for a three-for-two stock split, on revenues of
+24.2 mln dlrs.
+    The company said it made the earnings estimate in response
+to analysts' forecasts, which it said called for per-share
+earnings of 24 cts to 30 cts and revenues of 29 mln dlrs to 32
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16660" NEWID="1340">
+<DATE> 3-MAR-1987 16:42:02.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0951&#31;reute
+r f BC-REID-ASHMAN-&lt;REAS>-TO   03-03 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REID-ASHMAN &lt;REAS> TO DIVEST TEST PRODUCT UNIT</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 3 - </DATELINE><BODY>Reid-Ashman Inc said it has
+decided to divest its test products division, located in Santa
+Clara.
+    The company said it will entertain offers through March 30.
+It also said Steven Reid, a company founder and president of
+the test division, has made an offer to purchase the unit.
+    The company's test division accounted for about ten pct of
+total revenues in the year ended Sept 30, 1986 and is currently
+running a revenue rate of under two mln dlrs per year, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16661" NEWID="1341">
+<DATE> 3-MAR-1987 16:43:45.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0954&#31;reute
+s f BC-PACIFIC-LIGHTING-COPR   03-03 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC LIGHTING COPR &lt;PLT> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELES, March 3 -
+    </DATELINE><BODY>Qtly div 87 cts vs 87 cts
+    Pay Feb 17
+    Record Jan 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16662" NEWID="1342">
+<DATE> 3-MAR-1987 16:43:52.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0955&#31;reute
+s f BC-CETEC-CORP-&lt;CEC>-QUAR   03-03 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CETEC CORP &lt;CEC> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    KAHULUI, Hawaii, March 3 -
+    </DATELINE><BODY>Qtly div five cts vs five cts
+    Pay May 22
+    Record May 8
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16663" NEWID="1343">
+<DATE> 3-MAR-1987 16:45:20.80</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0957&#31;reute
+u f BC-/API-SAYS-DISTILLATE,   03-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>API SAYS DISTILLATE, GAS STOCKS OFF IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Distillate fuel stocks held in
+primary storage fell by 4.4 mln barrels in the week ended Feb
+27 to 127.10 mln barrels from 131.50 mln the previous week, the
+American Petroleum Institute (API) said.
+    In its weekly statistical bulletin, the oil industry trade
+group said gasoline stocks fell 30,000 barrels to 252.92 mln
+barrels from a revised 252.95 mln, while crude oil stocks rose
+700,000 barrels to 329.38 mln from a revised 328.68 mln.
+    It said residual fuel stocks fell 380,000 barrels to 38.04
+mln from 38.42 mln barrels.
+    API said refinery runs in the week fell to 12.17 mln
+barrels per day from a revised 12.42 mln and refinery use of
+operating capacity was 78.1 pct, off from a revised 79.7 pct.
+    Crude oil imports in the week fell to 3.98 mln bpd from a
+revised 4.22 mln, API added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16664" NEWID="1344">
+<DATE> 3-MAR-1987 16:48:40.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0961&#31;reute
+h f BC-JONES-MEDICAL-INDUSTR   03-03 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JONES MEDICAL INDUSTRIES INC &lt;JMED> 4TH QTR NET</TITLE>
+<DATELINE>    ST. LOUIS, MO., March 3 - 
+    </DATELINE><BODY>Shr six cts vs five cts
+    Net 199,037 vs 135,587
+    Sales 1,594,895 vs 1,368,959
+    Avg shrs 3.1 mln vs 2.5 mln
+    Year
+    Shr 25 cts vs 19 cts
+    Net 695,398 vs 446,426
+    Sales 5,785,365 vs 4,520,781
+    Avg shrs 2.8 mln vs 2.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16665" NEWID="1345">
+<DATE> 3-MAR-1987 16:49:45.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0963&#31;reute
+s f BC-MAUI-LAND-AND-PINAPPL   03-03 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAUI LAND AND PINAPPLE CO INC QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    KAHULUI, Hawaii, March 3 -
+    </DATELINE><BODY>Qtly div 12-1/2 cts vs 12-1/2 cts
+    Pay March 31
+    Record Feb 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16666" NEWID="1346">
+<DATE> 3-MAR-1987 16:50:56.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0964&#31;reute
+f f BC-******GM-TO-REPUCHASE   03-03 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM TO REPUCHASE UP TO 20 PCT OF 1.66 DLR PAR VALUE COMMON BY END OF 1990
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16667" NEWID="1347">
+<DATE> 3-MAR-1987 16:53:18.61</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0967&#31;reute
+d f BC-U.S.-WINE-EXPORTS-ROS   03-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WINE EXPORTS ROSE 15 PER CENT LAST YEAR</TITLE>
+<DATELINE>    SAN FRANCISCO, March 3 - </DATELINE><BODY>Exports of American wine rose 14.9
+per cent last year to a total of 7.2 million gallons, the Wine
+Institute said.
+    The San Francisco-based promotional group said 95 per cent
+of the exported wine was from California and the top three
+markets were Canada, Japan and Britain.
+    Japan, which edged out Britain as the leading importer of
+American wines in 1985, continued in second place.
+    Canadian imports rose 3.2 per cent to 2.6 million gallons;
+Japan, 9.9 per cent to 1.2 million gallons, and Britain, 20.2
+per cent to 962,360 gallons.
+    A spokesman for the institute said the declining value of
+the dollar and strong promotional efforts on the part of the
+California wine industry contributed significantly to the
+increased shipments.
+    The 1986 wine exports were valued at 34.7 mln dlrs, up from
+27.6 mln dlrs the previous year.              
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16668" NEWID="1348">
+<DATE> 3-MAR-1987 16:53:31.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0968&#31;reute
+r f BC-U.S.-TREASURY-OFFICIA   03-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY OFFICIAL SEES LATIN DEBT PROGRESS</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Assistant U.S. Treasury Secretary
+David Mulford said rapid progress was being made in talks with
+commercial banks for loans to Argentina, the Philippines and
+Brazil.
+    "This should result in substantial new lending for the
+major debtors in 1987," he said in prepared testimony for the
+Subcommittee on International Development Institutions of the
+U.S. House of Representatives.
+    Until recently, commercial banks were slow to conclude new
+financing packages pending completion of a Mexican package,
+Mulford said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16669" NEWID="1349">
+<DATE> 3-MAR-1987 16:53:51.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f0969&#31;reute
+u f BC-NEW-CANADA-ISSUE-ALMO   03-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW CANADA ISSUE ALMOST SOLD OUT AT CLOSE</TITLE>
+<DATELINE>    TORONTO, March 3 - </DATELINE><BODY>Canada's 1.20 billion dlr bond offer was
+virtually sold out as bond prices closed weaker in moderate
+trading, dealers said.
+    Sales of today's issue were slowed by the decline in
+American credit markets and rising oil prices, which stirred
+concerns about inflation, the traders said. The issue was
+selling at or just below issue price.
+    Overall prices fell as much as a point, with the benchmark
+Canada 9-1/2 pct of 2001 at 106-3/8 5/8, the 8-1/4 pct of 1997
+at 99 99-1/4 and the 8-1/2 pct of 2011 at 98-1/8 3/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16670" NEWID="1350">
+<DATE> 3-MAR-1987 16:55:02.51</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0972&#31;reute
+d f BC-USDA-TO-REDUCE-CITRUS   03-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA TO REDUCE CITRUS ESTIMATING PROGRAM</TITLE>
+<DATELINE>     WASHINGTON, March 3 - </DATELINE><BODY>the U.S. Agriculture Department's
+National Agricultural Statistics Services (NASS) said it will
+change its citrus estimate program for California and Arizona,
+starting in 1988.
+    NASS said it will discontinue California forecasts for
+lemons during December, February, March, May and June and for
+grapefruit and tangerines for those months plus November.
+    Forecasts for lemons will be issued in October, November,
+January, April and July and for grapefruit in October, January,
+April, and July and for tangerines in October,  January and
+April. There will be no change in the estimating program for
+California oranges.
+    Arizona forecasts will be dropped for lemons, oranges,
+grapefruit and tangerines in November, December February,
+March, May and June, with forecasts retained in October,
+January, April and July, it said.
+    There will be no changes in the estimating program for
+citrus in Texas or Florida.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16671" NEWID="1351">
+<DATE> 3-MAR-1987 16:58:41.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0976&#31;reute
+d f BC-trimac-ltd   03-03 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TRIMAC LTD> YEAR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 3 -
+    </DATELINE><BODY>Shr nine cts vs six cts
+    Net 3,500,000 vs 2,500,000
+    Revs 294.0 mln vs 351.5 mln
+    Note: 1986 year includes tax gain of 1,700,000 dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16672" NEWID="1352">
+<DATE> 3-MAR-1987 16:58:51.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0977&#31;reute
+u f BC-ARVIN-INDUSTRIES-&lt;ARV   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARVIN INDUSTRIES &lt;ARV> OFFERS SECURITIES</TITLE>
+<DATELINE>    COLUMBUS, Ind., March 3 - </DATELINE><BODY>Arvin Industries Inc said it will
+offer 150 mln dlrs of debt securities.
+    The company will offer 75 mln dlrs of 8-3/8 pct notes due
+March 1, 1997 and 75 mln dlrs of 9-1/8 pct sinking fund
+debentures due March 1, 2017, as part of an existing 200 mln
+dlr shelf registration.
+    The notes were priced at 99.63 pct to yield 8.43 pct. The
+debentures were priced at 99.54 pct to yield 9.17 pct.
+    Both issues will be offered through underwriting groups led
+by Merrill Lynch Capital Markets and Salomon Brothers Inc. The
+two issues are separate and independent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16673" NEWID="1353">
+<DATE> 3-MAR-1987 17:00:10.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0981&#31;reute
+u f BC-GM-&lt;GM>-TO-REPUCHASE   03-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> TO REPUCHASE COMMON STOCK</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>General Motors Corp said its directors
+authorized the repurchase of up to 20 pct of its 1.66 dlr par
+value common stock by the end of 1990.
+    GM said the level of repurchases this year will not exceed
+10 mln shares or about three pct of its outstanding stock.
+    It said the stock repurchase, as market conditions permit,
+will be funded from a portion of the cash flows generated by
+reduced capital spending and anticipated performance
+improvements.
+    GM also said its board authorized the repurchase of as many
+as five mln shares each of its class E and class H common, with
+about half of the proposed repurchases completed by year end.
+    GM also said it is considering offering an odd-lot
+repurchase program for its class H stock by mid-year.
+    GM said the class E and H repurchases would increase
+participation in the net income of its Electronic Data Systems
+Corp &lt;GME> and Hughes Electronic Corp &lt;GMH> subsidiaries by
+holders of its 1.66 dlr par value common.
+    GM also said it anticipates a decrease in automotive
+capital spending, excluding EDS and Hughes Aircraft Co, to 7.9
+billion dlrs in 1987 and 5.8 billion dlrs in 1989, from 10.6
+billion dlrs in 1986.
+    It also said improvements in operating performance are
+expected to amount to 10 billion dlrs annually by 1990.
+    "We have one overriding objective--to position GM so that
+it is producing the best products available in an increasingly
+competitive global marketplace," said Chairman Roger B. Smith.
+    GM had 319.4 mln shares of its 1.66 dlr par value common
+outstanding, 53.5 mln shares of class E and 66.6 mln shares of
+class H outstanding at year end 1986.
+    GM said that its par value holders currently participate in
+the 56 pct of the earnings of EDS and 67 pct of Hughes'
+earnings.
+    GM also said it will continue to repurchase shares of all
+three classes of its common in connection with ongoing
+requirements of various benefit plans.
+    That buyback, it said, will involve about nine mln shares
+of 1.66 dlr par value common and 2.5 mln shares each of class E
+and H common in 1987.
+    GM said the repuchased shares of its par value common will
+be held in its treasury indefinitely for possible future
+business use.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16674" NEWID="1354">
+<DATE> 3-MAR-1987 17:00:38.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0982&#31;reute
+b f BC-VIACOM   03-03 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPPENHEIMER UPS VIACOM &lt;VIA> STAKE TO 7.7 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Oppenheimer and Co, a New York
+brokerage firm, said it raised its stake in Viacom
+International Inc to the equivalent of 2,709,600 shares, or 7.7
+pct of the total, from 2,232,400 shares, or 6.3 pct.
+    In a filing with the Securities and Exchange Commission,
+Oppenheimer said it bought a net 477,200 Viacom common shares
+between Jan 19 and March 3 at prices ranging from 40.50 to an
+average of 49.31 dlrs each. Part of its stake is in options.
+    It said it bought the shares as part of its arbitrage and
+investment business. Movie theater magnate Sumner Redstone and
+a Viacom management group are in a bidding war for Viacom.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16675" NEWID="1355">
+<DATE> 3-MAR-1987 17:00:43.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0983&#31;reute
+r f BC-EMPI-INC-&lt;EMPI>-4TH-Q   03-03 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMPI INC &lt;EMPI> 4TH QTR LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 3 -
+    </DATELINE><BODY>Shr loss 25 cts vs profit 11 cts
+    Net loss 446,005 vs profit 185,325
+    Sales 2.4 mln vs 2.5 mln
+    12 mths
+    Shr loss 16 cts vs profit 41 cts
+    Net loss 282,305 vs profit 709,787
+    Sales 10.1 mln vs nine mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16676" NEWID="1356">
+<DATE> 3-MAR-1987 17:04:13.44</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0986&#31;reute
+d f BC-U.S.-SENATE-PANEL-COU   03-03 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE PANEL COULD CONSIDER TRADE MEASURE</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The U.S. Senate Agriculture Committee
+may take up a bill tomorrow that would strengthen the
+activities of U.S. agricultural trade teams in selected
+developing countries, committee staff said.
+    The measure, sponsored by committee Chairman Patrick Leahy
+(D-Vt.) and Sen. John Melcher (D-Mont.), would establish trade
+teams of between six and nine persons drawn from federal
+agencies and private voluntary organizations, staff said.
+    The trade missions would seek to generate interest in the
+U.S. government's food donation and commercial programs --
+PL480, Section 416, export credit and export enhancement -- and
+upon return be required to advocate extension of concessional
+or commercial benefits to interested countries.
+    The trade teams would be made up of representatives of the
+U.S. Agriculture Department, State Department, the Agency for
+International Development and private voluntary organizations
+such as U.S. Wheat Associates.
+    The bill would require teams within six months to visit
+seven countries: Mexico, Philippines, Indonesia, India,
+Bangladesh, Senegal and Nigeria.
+    Within one year after passage of the measure, another eight
+countries would have to be visited: Peru, Kenya, the Dominican
+Republic, Costa Rica, Malaysia, Venezuela, Tunisia and Morocco.
+Other countries could be added to the list.
+    Senate staff members said the bill, still in the drafting
+stages, had broad support and was expected to be approved by
+the committee tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16677" NEWID="1357">
+<DATE> 3-MAR-1987 17:07:07.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0993&#31;reute
+u f AM-DEBT-BRAZIL   03-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OFFICIALS SAY BRAZIL SHOULD DEAL WITH BANKS</TITLE>
+<AUTHOR>    By David Hume, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The U.S. is sticking for the moment
+to its policy that Brazil, which two weeks ago suspended debt
+payments to private banks, should deal with its creditors and
+not with governments, U.S. officials said.
+    "I don't see any desire here to scurry around and help
+Brazil until we get a better sense of what they are trying to
+do," a senior administration official stated.
+    "Brazil has to do business through the banks at this point,"
+said another official following an assessment of that country's
+latest debt crisis.
+    The official, who asked that his name not be used, said the
+National Security Council, the Treasury and State departments
+and other agencies held a meeting yesterday to discuss the
+situation.
+    In a related development, small regional banks that have
+made loans to Brazil and other heavily-indebted Latin American
+countries, will meet with Federal Reserve Chairman Paul Volcker
+here tomorrow.
+    Brazil, with about 108 billion dlrs in debt, shocked banks
+late last month when it stopped interest payments on 68 billion
+dlrs owed to them until it can work out its problems.
+    Brazil's trade surplus, its main source of foreign exchange
+has dwindled in recent months, making it difficult to service
+its debt.
+    The official said the interagency meeting was called to
+discuss "the general debt situation and compare notes on
+(Brazilian Finance Minister Dilson) Funaro."
+    Funaro, who told reporters here that he wanted a political
+discussion with industrialized nations on Brazil's debt
+problems in an effort to obtain more and faster lending from
+official sources, held discussions here on Friday with Volcker,
+Treasury Secretary James Baker and other officials.
+    Another senior administration official said he was
+perplexed by Funaro's decision to discuss the latest crisis
+with governments and not with creditor banks, at a time when
+Brazil is in danger of losing short-term credit lines.
+    "We are not clear at all on his tactics. To me it seems
+bizarre, just bizarre," the official said.
+    One official today described Funaro's argument as "nonsense,"
+and said there had been a considerable flow of funds to Brazil,
+for which that country was in arrears.
+    Funaro has said Brazil acted to protect its reserves but
+wanted to avoid a confrontation.
+    The consensus among administration officials seems to be
+that Brazil's latest debt crisis is the result of the domestic
+economic problems.
+    "Brazil is a special case, but there's no doubt they would
+not be in the mess they're in if they had not screwed-up their
+economic policy," a senior official added.
+    Several of the regional banks that will meet with Volcker
+tomorrow declined to comment because the talks will be held at
+the Fed's suggestion.
+    "Since they are the hosts, we feel it's up to them if they
+want to say something," one regional bank official said.
+    But other banking sources said that regional banks, many of
+which are refusing to continue lending to Latin America, are
+dissatisfied with decisions of major banks such as Citibank, in
+the refinancing of foreign debts.
+    The sources added that Volcker, for his part, is
+dissatisfied with some major banks' refusal to make interest
+rate concessions to Brazil and other Latin American debtors,
+and would like to see smaller creditor banks take a more actve
+role in the rescheduling process.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16678" NEWID="1358">
+<DATE> 3-MAR-1987 17:09:16.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0006&#31;reute
+h f BC-S/P-MAY-DOWNGRADE-MEP   03-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY DOWNGRADE MEPC PLC'S EUROBONDS</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Standard and Poor's said it is
+reviewing &lt;MEPC Plc's> two A-rated eurobond issues totalling
+125 mln stg for a possible downgrade.
+    The review follows the agreement by the British-based
+real-estate firm to acquire a controlling interest in Oldham
+Estate Plc and its offer to buy the remaining equity.
+    The maximum cost of the acquisition would be 620.9 mln stg.
+The purchase owuld be financed largely by equity, but
+uncertainties exist as to the amount of debt to be assumed by
+MEPC and the quality of the properties in Oldham's portfolio, S
+and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16679" NEWID="1359">
+<DATE> 3-MAR-1987 17:09:23.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0007&#31;reute
+r f BC-FLORIDA-PUBLIC-&lt;FPUT>   03-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORIDA PUBLIC &lt;FPUT> SPLITS STOCK, UPS DIV</TITLE>
+<DATELINE>    WEST PALM BEACH, Fla, March 3 - </DATELINE><BODY>Florida Public Utilities Co
+said its board declared a three-for-two stock split on its
+common stock.
+    It said holders of record April 15 will receive one
+additional share May one for each two shares held.
+    The company also said it raised the dividend on its common
+stock by two cts to 33 cts a share on a pre-split basis.
+    The dividend is payable April one to holders of record
+March 18.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16680" NEWID="1360">
+<DATE> 3-MAR-1987 17:09:28.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0008&#31;reute
+h f BC-CITY-INVESTING-TRUST   03-03 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITY INVESTING TRUST &lt;CNVLZ> SETS CASH PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>City Investing Co Liquidating Trust
+said it declared a cash distribution of 25 cts a unit, payable
+April 10 to unit-holders of record April one.
+    The trust last paid a stock distribution of General
+Development Corp &lt;GDB> shares in July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16681" NEWID="1361">
+<DATE> 3-MAR-1987 17:11:18.38</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0015&#31;reute
+d f BC-FCOJ-SUPPLIES-SIGNIFI   03-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FCOJ SUPPLIES SIGNIFICANTLY ABOVE YEAR AGO-USDA</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Total supply of frozen concentrated
+orange juice (FCOJ) in 1986/87 is expected to be significantly
+above year-earlier levels, even with carry-in stocks well below
+the previous season, the U.S. Agriculture Department said.
+    In a summary of its Fruit Situation Report, the Department
+said Florida's imports of FCOJ, mostly from Brazil, have shown
+sharp gains to date.
+    The Department noted the price of FCOJ will probably be
+affected by the final decision, scheduled for April 22, on
+whether the U.S. considers Brazilian FCOJ exports to the U.S.
+have caused injury.
+    Continuing strong demand for fresh and processing fruit
+coupled with seasonal declines in supplies mean that grower
+prices will remain higher this spring than a year earlier.
+    The department said stocks of fresh apples in cold storage
+at the beginning of February were moderately larger than a year
+earlier, but strong demand has kept apple prices firm.
+    In view of the strong demand and seasonally reduced
+supplies, apple prices are projected to stay firm.
+    During the remainder of 1986/87, supplies of most processed
+noncitrus fruit will be smaller than a year ago, it said.
+    Movement of canned fruit has improved, and remaining
+suppies for some canned fruit items are tight and as a
+consequence prices have strengthened, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16682" NEWID="1362">
+<DATE> 3-MAR-1987 17:11:38.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0016&#31;reute
+u f BC-SECURITIES-TAX-WOULD   03-03 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITIES TAX WOULD NEED WHITE HOUSE SUPPORT</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>House Ways and Means Committee
+chairman Dan Rostenkowski would want White House support for
+any tax increase, including a tax on securities transactions,
+before considering the issue, a staff member said.
+    In addition, congressional leaders have not agreed on
+whether they will seek any tax increase this year, he said.
+    Rostenkowski, an Illinois Democrat whose committee is in
+charge of tax legislation, met this afternoon with House
+Speaker Jim Wright, a Texas Democrat, to discuss a variety of
+tax and budget issues, an aide said. He added that Wright did
+not endorse the securities transfer tax but raised it yesterday
+as a possible way to cut the federal deficit.
+    The aide to Wright added that Wright asked the Ways and
+Means Committee to look into the securities transfer tax.
+However, he said Wright had not recommended it as he had
+another tax proposal to hold income tax rates at the 1987 level
+rather than allow the 1987 tax rate cut to take place.
+    Wright brought up a 0.5 pct tax on all sales and purchases
+of publicly traded securities as a way to raise about 17
+billion dlrs a year, the aide said.
+    The New York Stock Exchange said it had not seen the
+proposal by the House Speaker but added that it is "strongly
+opposed to any proposal to impose a transfer tax on securities
+transactions."
+    NYSE vice president Richard Torrenzano said in a statement,
+"Such a tax would be paid by millions of investors nationwide
+and would be counter-productive, making America's securities
+industry vulnerable to foreign competition at a time
+when financial markets are becoming increasingly
+international."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16683" NEWID="1363">
+<DATE> 3-MAR-1987 17:11:42.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0017&#31;reute
+s f BC-FLORIDA-COMMERCIAL-BA   03-03 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORIDA COMMERCIAL BANKS INC &lt;FLBK> DIVIDEND</TITLE>
+<DATELINE>    MIAMI, March 3 - 
+    </DATELINE><BODY>Qtly div 14 cts vs 19 cts prior
+    Pay March 31
+    Record March 16
+    Note: Quarterly dividend for prior quarter included special
+payout of five cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16684" NEWID="1364">
+<DATE> 3-MAR-1987 17:12:08.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0020&#31;reute
+d f BC-&lt;TIMMINCO-LTD>-YEAR-N   03-03 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TIMMINCO LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 3 -
+    </DATELINE><BODY>Oper shr 33 cts vs 33 cts
+    Oper net 3,330,000 vs 2,969,000
+    Revs 95.9 mln vs 92.0 mln
+    Avg shrs 8,610,068 vs 7,603,219
+    Note: 1986 net excludes extraordinary gain of 577,000 dlrs
+or seven cts shr vs yr-ago gain of 71,000 dlrs or one ct shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16685" NEWID="1365">
+<DATE> 3-MAR-1987 17:12:20.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0021&#31;reute
+u f BC-CBOE-MEMBERSHIP-SEAT   03-03 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBOE MEMBERSHIP SEAT SELLS FOR RECORD HIGH</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>A membership seat on the Chicago Board
+Options Exchange (CBOE) sold for a record 342,000 dlrs Friday,
+the exchange said today.
+    The previous record price of 308,000 dlrs was set on
+February 17.
+    The current bid for a CBOE seat is 315,000 dlrs and the
+offer is 345,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16686" NEWID="1366">
+<DATE> 3-MAR-1987 17:14:24.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0030&#31;reute
+d f BC-&lt;UNITED-FIRE-AND-CASU   03-03 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;UNITED FIRE AND CASUALTY> 4TH QTR NET</TITLE>
+<DATELINE>    CEDAR RAPIDS, Iowa, March 3 -
+    </DATELINE><BODY>Shr profit 31 cts vs loss 20 cts
+    Net profit 1,044,424 vs loss 515,425
+    Avg shrs 3,406,841 vs 2,544,531
+    Year
+    Shr profit 2.83 dlrs vs profit 42 cts
+    Net profit 8,811,142 vs profit 1,058,503
+    Avg shrs 3,111,464 vs 2,544,531
+    Note: Full company name is United Fire and Casualty Co
+    Net includes realized gains of 93,551 dlrs and 764,177
+dlrs, respectively, in 1986 qtr and year, and of 92,075 dlrs
+and 972,935 dlrs, respectively, in 1985 qtr and year.
+    1985 results restated for three-for-two stock split. Net
+income for 1985 has been restated due to a change in the method
+used in computing deferred acquisition costs.
+    1986 results include the effect of a stock offering
+resulting in the issuance of an additional 862,500 shares of
+common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16687" NEWID="1367">
+<DATE> 3-MAR-1987 17:16:34.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0036&#31;reute
+u f BC-(POWER-CORP-OF-CANADA   03-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;POWER CORP OF CANADA> 4TH QTR NET</TITLE>
+<DATELINE>    MONTREAL, March 3 -
+    </DATELINE><BODY>Oper shr 30 cts vs 24 cts
+    Oper net 38,686,000 vs 28,384,000
+    Revs 42.3 mln vs 31.2 mln
+    Year
+    Oper shr 1.05 dlrs vs 94 cts
+    Oper net 136,594,000 vs 110,831,000
+    Revs 153.3 mln vs 125.1 mln
+    Note: Fourth quarter results exclude extraordinary and
+other items which raised final 1986 net to 62,485,000 dlrs or
+49 cts a share and lowered final 1985 net to 18,941,000 dlrs or
+16 cts a share in 1985.
+    Full-year results exclude extraordinary and other items
+which raised final 1986 net to 237,961,000 dlrs or 1.87 dlrs
+per share and 1985 net to 152,049,000 or 1.29 dlrs per share.
+    1985 results restated to reflect June, 1986 two-for-one
+stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16688" NEWID="1368">
+<DATE> 3-MAR-1987 17:16:36.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0037&#31;reute
+b f BC-******JEFFERIES-AND-C   03-03 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JEFFERIES AND CO INC SAID IT IS MAKING A MARKET FOR GM STOCK AT 77-1/2 to 78
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16689" NEWID="1369">
+<DATE> 3-MAR-1987 17:18:55.56</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sorghum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0042&#31;reute
+u f BC-U.S.-CORN,-SORGHUM-PA   03-03 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORN, SORGHUM PAYMENTS 50-50 CASH/CERTS</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Eligible producers of 1986 crop U.S.
+corn and sorghum will receive an estimated 600 mln dlrs in
+deficiency payments -- 50 pct in generic commodity certificates
+and 50 pct in cash, the U.S. Agriculture Department said.
+    It said corn producers will receive about 515 mln dlrs and
+sorghum producers about 85 mln dlrs.
+    Only the cash portion of the payments will be subject to
+the 4.3 pct reduction in compliance with the Gramm-Rudman
+budget deficit control act of 1985, it said.
+    Corn and sorghum producers who requested advance deficiency
+payments have already received about 2.8 billion dlrs and 225
+mln dlrs, respectively, USDA said.
+    The Department said deficiency payment rates of 51.5 cents
+per bushel for corn and 49 cents per bushel for sorghum were
+received by producers requesting advance payments.
+    Deficiency payments are calculated as the difference
+between an established target price and the higher of the basic
+loan rate, or the national average price received by farmers
+during the first five months of the marketing year --
+September-January.
+    National weighted average market prices for the first five
+months of the season were 1.46 dlrs per bushel for corn and
+1.33 dlrs per bushel for sorghum. Eligible corn producers will
+be paid 63 cts per bushel, based on the difference between the
+3.03 target price and the 2.40 dlr per bushel basic loan rate.
+    Sorghum producers' deficiency payment rate will be 60 cents
+per bushel, based on the difference between the 2.88 dlrs per
+bushel target price and the 2.28 dlrs per bushel basic loan
+rate.
+    The deficiency payment rates for both commodities are the
+maximum permitted by law, the department said.
+    Eligible corn and sorghum producers will receive another
+1986 crop deficiency payment in October if the national average
+market prices received by farmers during the entire marketing
+year for both commodities are below the basic loan rates, the
+department said.
+    The payments will be issued through local Agricultural
+Stabilization and Conservation Service offices, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16690" NEWID="1370">
+<DATE> 3-MAR-1987 17:20:21.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0044&#31;reute
+b f BC-PENNZOIL-(PZL)-SAYS-I   03-03 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNZOIL &lt;PZL> SAYS IT HAS MADE SETTLEMENT OFFERS</TITLE>
+<DATELINE>     HOUSTON, March 3 - </DATELINE><BODY>Pennzoil Co chairman J. Hugh Liedtke
+said the company has made several proposals to Texaco Inc &lt;TX> 
+to settle a 9.13 billion dlr judgment awarded to Pennzoil and
+that a settlement was "in the best interests of both
+companies."
+    Liedtke, in a letter mailed today to Pennzoil shareholders,
+said Texaco's management has incorrectly implied in recent
+public statements that Pennzoil was not interested in settling
+the case.
+    "Pennzoil has made Texaco several proposals, both before
+and after trial, to settle this dispute," Liedtke said in the
+letter. "We do not know why Texaco's officials would now make
+such clearly untrue statements."
+    Last month, a Texas state appeals court upheld a jury
+judgment that Texaco illegally interfered with Pennzoil's plan
+to acquire Getty Oil in 1983. The appeals court reduced by two
+billion dlrs the original 10.53 billion dlrs in damages awarded
+to Pennzoil, but interest accruing on the award has pushed the
+total amount back above 10 billion dlrs.
+    Pennzoil said that Texaco had made four unsatisfactory
+proposals to settle the billion-dollar lawsuit.
+    "Other than to put on the record that it has made offers,
+Texaco's proposals make no sense," Liedtke said in the letter.
+"In fact, two of Texaco's offers were identical and were
+proposals that Texaco knew in advance Pennzoil would not
+accept."
+    The letter did not disclose terms of settlement offers made
+by either Pennzoil or Texaco.
+    "If and when Texaco's management changes its position and
+demonstrates a willingness to make a good faith attempt to
+settle this matter, Pennzoil will make every effort to
+cooperate," Liedtke said. "Such a solution, I believe, is
+clearly in the interests of both companies, even if it not
+attractive, as a personal matter, to Texaco's management and
+directors."
+    Liedtke said that cash flow from the Getty Oil assets and
+profits from those assets that have since been sold
+"approximately equaled" Texaco's purchase price of 10 billion
+dlrs for Getty.             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16691" NEWID="1371">
+<DATE> 3-MAR-1987 17:22:50.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0048&#31;reute
+d f BC-CBOE-MEMBERSHIP-SEAT   03-03 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBOE MEMBERSHIP SEAT SELLS FOR RECORD HIGH</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>A membership seat on the Chicago Board
+Options Exchange (CBOE) sold for a record 342,000 dlrs Friday,
+the exchange said today.
+    The previous record price of 308,000 dlrs was set on
+February 17.
+    The current bid for a CBOE seat is 315,000 dlrs and the
+offer is 345,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16692" NEWID="1372">
+<DATE> 3-MAR-1987 17:24:17.18</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0050&#31;reute
+d f BC-USDA-PROPOSES-NAME-CH   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA PROPOSES NAME CHANGES IN BEEF GRADE</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The U.S. Agriculture Department
+proposes to rename the "USDA Good" grade of beef to "USDA Select."
+    The department said the proposed change is in response to a
+petition from Public Voice for Food and Health Policy and would
+present a more positive image of this grade of beef and help
+calorie-conscious consumers select leaner cuts of meat.
+    Under current rules, the "good" grade of meat has less
+marbling and fat than the "prime" or "choice" grades, it said.
+    Standards for all of the grades would remain unchanged
+under the proposal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16693" NEWID="1373">
+<DATE> 3-MAR-1987 17:25:41.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0053&#31;reute
+u f BC-JEFFERIES-AND-CO-MAKI   03-03 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES AND CO MAKING MARKET FOR GM STOCK</TITLE>
+<DATELINE>    LOS ANGELES, March 3 - </DATELINE><BODY>Jefferies and Co Inc said it is
+making a market for General Motors Corp &lt;GM> stock at 77-1/2 to
+78.
+    GM said earlier today its directors authorized the
+repurchase of up to 20 pct of its common stock by the end of
+1990 and that it would not repurchase more than ten mln shares
+this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16694" NEWID="1374">
+<DATE> 3-MAR-1987 17:26:15.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0054&#31;reute
+r f BC-MORTON-THIOKOL-&lt;MTI>   03-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORTON THIOKOL &lt;MTI> SELLING HEADQUARTERS</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Morton Thiokol Inc said it has a
+tentative agreement to sell its downtown headquarters to
+Tishman Midwest Management Corp for undisclosed terms.
+    Thomas Russell, company spokesman, said the proceeds,
+representing a non-operating asset, will be reinvested into the
+operating part of its business.
+    The company will move 700 of its employees to a new
+location at the new Northwestern Atrium late this summer. Some
+450 employees will move from the headquarters at 110 N. Wacker
+Drive and the other 250 will leave another downtown location.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16695" NEWID="1375">
+<DATE> 3-MAR-1987 17:27:35.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0058&#31;reute
+h f BC-VENDO-CO-&lt;VEN>-4TH-QT   03-03 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENDO CO &lt;VEN> 4TH QTR LOSS</TITLE>
+<DATELINE>    FRESNO, Calif., March 3 -
+    </DATELINE><BODY>Shr loss 1.48 dlrs vs loss 36 cts
+    Net loss 4,036,000 vs loss 983,000
+    Sales 16.6 mln vs 17 mln
+    12 mths
+    Shr loss 1.88 dlrs vs profit 71 cts
+    Net loss 5,113,000 vs profit 1,904,000
+    Sales 85.4 mln vs 88.5 mln
+    Note: Prior year net includes extraordinary loss of 298,000
+dlrs in qtr and extraordinary profit of 718,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16696" NEWID="1376">
+<DATE> 3-MAR-1987 17:28:36.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0063&#31;reute
+r f BC-HILTON-HOTELS-&lt;HLT>-G   03-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HILTON HOTELS &lt;HLT> GIVEN RIGHT TO SUE IRS</TITLE>
+<DATELINE>    LOS ANGELES, March 3 - </DATELINE><BODY>Hilton Hotels Corp said it received
+approval from Federal court to sue the Internal Revenue Service
+to determine if the IRS was correct in allowing the Conrad
+Hilton Foundation to hold certain stocks.
+    That ruling by the IRS allowed the Foundation, set up by
+the late Conrad Hilton, to hold onto 27 pct of the Hilton Corp,
+worth approximately 164 mln dlrs, according to Hilton
+attorneys.
+    Barron Hilton, Conrad's son, is making a bid to purchase
+those 6,782,000 shares, the company said.
+    However, in an effort to hold onto the stock, the
+Foundation changed its tax status from a private foundation to
+a public support organization, freeing it from the constraints
+of the excess business holdings limitations imposed on private
+foundations by the Tax Reform Act of 1969, according to the
+Hilton Corp.
+    That act said that a private foundation could not own more
+than 20 pct of a corporation, lawyers explained. Anything over
+that figure had to be sold.
+    The lawyers explained that when Conrad Hilton died, the law
+required that excess holdings by the Foundation above 20 pct of
+the common stock should be sold. Under Conrad Hilton's will,
+Barron had the option to buy the seven pct,  according to the
+Hilton lawyers.
+    Now Hilton lawyers contend that through a clause in the tax
+law, Barron Hilton is entitled to buy the entire 27 pct block
+of stock. The Hilton lawyers explained that Barron was
+attempting to keep the large block from going public, leaving
+the family in control of the corporation.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16697" NEWID="1377">
+<DATE> 3-MAR-1987 17:29:01.58</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0065&#31;reute
+u f BC-AUSTRALIAN-GOVERNMENT   03-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN GOVERNMENT TO PAY SUBSIDIES--USDA</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The Australian Government will likely
+reimburse the Australian Wheat Board, AWB, about 132 mln (U.S.)
+dlrs to pay wheat farmers for their 1986/87 crop, the U.S.
+Agriculture Department said.
+    In its report on Export Markets for U.S. Grains, the
+department said the sharp fall in world wheat prices has
+reduced the export sales revenue of the AWB to levels
+insufficient to cover its breakeven export price estimated at
+around 98 dlrs per tonne.
+     For example the recent large sales of wheat to China (1.5
+mln tonnes) and Egypt (2.0 mln tonnes) were well below the
+breakeven export price, it said.
+    Australian wheat farmers normally receive an advance
+payment known as the Guaranteed Minimum Price, GMP, calculated
+at 90 pct of the average of estimated returns in the current
+year and the two lowest of the previous three years, the
+department said.
+    In addition, deductions for taxes, freight, handling and
+storage are deducted from the GMP the farmer receives.
+    But the department said the Australian Bureau of
+Agricultural Economics, BAE, predicts wheat production will
+drop sharply from 17.8 mln tonnes in 1986/87 to 13.5 mln in
+1989/90.
+    The decline will result from low world grain prices leading
+to shifts to livestock and other crops which could benefit U.S.
+wheat exports, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16698" NEWID="1378">
+<DATE> 3-MAR-1987 17:29:05.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0066&#31;reute
+r f BC-LAWSON-PRODUCTS-INC-&lt;   03-03 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON PRODUCTS INC &lt;LAWS> RAISES QTLY PAYOUT</TITLE>
+<DATELINE>    CHICAGO, March 3 -
+    </DATELINE><BODY>Qtly div seven cts vs six cts prior
+    Pay April 17
+    Record April three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16699" NEWID="1379">
+<DATE> 3-MAR-1987 17:29:34.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0068&#31;reute
+u f BC-KANEB-ENERGY-&lt;KEP>-MA   03-03 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANEB ENERGY &lt;KEP> MAY OMIT FUTURE PAYOUTS</TITLE>
+<DATELINE>    HOUSTON, March 3 - </DATELINE><BODY>Kaneb Energy Partners Ltd said it may be
+forced to omit or lower future quarterly cash distributions
+because of a contract dispute with two major customers and the
+continued slump in oil and gas prices.
+    The partnership said, however, that it will pay a regular
+quarterly distribution of 60 cts a unit on April 15 to holders
+of record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16700" NEWID="1380">
+<DATE> 3-MAR-1987 17:30:56.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0072&#31;reute
+b f BC-ITT-&lt;ITT>-CONSIDERING   03-03 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT &lt;ITT> CONSIDERING STOCK REPURCHASE</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>ITT Corp Chairman Rand Araskog told a
+meeting of analysts that the company has been considering a
+repurchase of some shares.
+    "We are considering that as a very important way to
+increase earnings per share," Araskog said and noted the aim
+was not to boost ITT's stock short term in the market.
+    ITT recently reported that its 1986 earnings from
+operations rose to 3.45 dlrs per share from 1.80 dlrs per share
+a year ago.
+    Araskog said its preferred issues were among the shares
+being studied for repurchase.
+    "We look forward to a strong 1987 and a stronger 1988,"
+Araskog told the analysts. "We have more confidence...than any
+other time in our history - at least with me."
+    Araskog took over as chairman of ITT in 1979 and since then
+has sold many of the diversified businesses that were acquired
+by former chairman Harold Geneen in the 1960s and 1970s.
+   Last year, the company transferred its European
+telecommunications businesses into a joint venture with Cie
+Generale d'Electricite, called Alcatel N.V.
+    ITT retained a 37 pct interest in the venture.
+    Although the agreement was closed by the end of the year,
+Araskog said the final transfers of stock of a number of small
+companies was recently concluded.
+    "We really wrapped everything up," he said adding that the
+company had received an additional 113 mln dlrs from the stock
+transfers.
+    Araskog said the company received all the cash due from the
+Alcatel venture except for 400 mln dlrs in intercompany
+receiveables, which should be paid by the end of March.
+    Araskog had told analysts last July that the company was
+considering repurchasing some shares, but a spokesman noted
+that ITT found it difficult to undertake the program because of
+the sharp appreciation in its stock price.
+   
+    Breaking out operating earnings by divisions, ITT said
+diversified services, which consists of insurance, financial
+services, communications and hotels, saw the sharpest rise in
+operating income, to 454 mln dlrs, from 297 mln dlrs a year
+ago.
+    Industrial and defense operating income declined 48 mln
+dlrs, to 315 mln dlrs, while natural resources increased 10 mln
+dlrs, to 73 mln dlrs, the company said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16701" NEWID="1381">
+<DATE> 3-MAR-1987 17:35:05.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0086&#31;reute
+r f BC-BRASCAN-LTD-&lt;BRS.A>-4   03-03 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRASCAN LTD &lt;BRS.A> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 3 -
+    </DATELINE><BODY>Shr 50 cts vs 46 cts
+    Net 43.0 mln vs 34.8 mln
+    YEAR
+    Shr 1.55 dlrs vs 1.38 dlrs
+    Net 136.8 mln vs 112.9 mln
+    Note: Holding company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16702" NEWID="1382">
+<DATE> 3-MAR-1987 17:35:09.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0087&#31;reute
+s f BC-FLORIDA-COMMERCIAL-BA   03-03 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORIDA COMMERCIAL BANKS INC &lt;FLBK> QTLY DIV</TITLE>
+<DATELINE>    MIAMI, Fla, March 3 -
+    </DATELINE><BODY>Qtly div 14 cts vs 14 cts prior
+    Payable March 31
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16703" NEWID="1383">
+<DATE> 3-MAR-1987 17:36:48.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0088&#31;reute
+r f BC-FIRST-UNION-&lt;FUNC>-SE   03-03 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION &lt;FUNC> SELLS DEBT AT 8-1/8 PCT</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 3 - </DATELINE><BODY>First Union Corp said it is
+raising 100 mln dlrs through an offering of par-priced 8-1/8
+pct subordinated notes due December 15, 1996.
+    Managing underwriter for the issue is Shearson Lehman
+Brothers Inc.
+    The bonds, which are non-callable, are rated A-2 by Moody's
+Investors Service and A-minus by Standard and Poor's.
+    They were priced to yield 94.5 basis points over Treasury
+securities of comparable maturity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16704" NEWID="1384">
+<DATE> 3-MAR-1987 17:39:59.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0094&#31;reute
+d f BC-&lt;CHAUVCO-RESOURCES-LT   03-03 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CHAUVCO RESOURCES LTD> YEAR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 3 -
+    </DATELINE><BODY>Shr 16 cts vs 35 cts
+    Net 476,000 vs 929,000
+    Revs 3,000,000 vs 3,600,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16705" NEWID="1385">
+<DATE> 3-MAR-1987 17:40:09.18</DATE>
+<TOPICS><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0095&#31;reute
+u f BC-JAPAN-CUTTING-CHINA-C   03-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CUTTING CHINA CORN COMMITMENTS - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Japanese traders have apparently
+sharply reduced commitments to buy Chinese corn over the next
+six months due to high prices, the U.S. Agriculture Department
+said.
+    In its World Production and Trade Report, the department
+said traders indicated China may lack supplies or be unwilling
+to sell at current low world prices.
+    If the reports are confirmed, China's major export
+destinations such as USSR, Japan, and South Korea, could
+increase purchases of U.S. corn, it said.
+    China is currently forecast to export 5.5 mln tonnes of
+corn during 1986/87 (Oct-Sept), it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16706" NEWID="1386">
+<DATE> 3-MAR-1987 17:41:40.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0098&#31;reute
+h f BC-PHOTON-TECHNOLOGY,-ML   03-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOTON TECHNOLOGY, ML TECHNOLOGY IN VENTURE</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>&lt;Photon Technology International Inc>
+said it entered an agreement in principle with &lt;ML Technology
+Ventures L.P.> to undertake a research and development project.
+    ML Technology will pay Photon about 3.1 mln dlrs over a
+three-year period to develop new photonic technologies with
+applications in the medical field.
+    Pursuant to the agreement, ML will acquire warrants
+exercisable into 475,000 shares of Photon stock on February 10,
+1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16707" NEWID="1387">
+<DATE> 3-MAR-1987 17:44:25.81</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0104&#31;reute
+r f BC-ANALYST-SEES-SAUDI-SU   03-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI SUCCESS SEEN IN CURBING OPEC PRODUCTION</TITLE>
+<DATELINE>    HOUSTON, March 3 - </DATELINE><BODY>Saudi Arabia will succeed in pressuring
+other members of the Organization of Petroleum Exporting
+Countries to stay within their production quotas, said Morgan
+Stanley Group managing director John Wellemeyer.
+    Wellemeyer, speaking to reporters at an offshore oil
+engineering conference, also said he expected OPEC nations to
+attempt to hold prices under 20 dlrs a barrel for several years
+to keep industrial demand for residual fuel oil strong.
+    "Over the next few weeks I think you'll see a concerted
+effort by the Saudis to get production down," Wellemeyer said.
+    "The Saudis are committed to that price level (of 18 dlrs a
+barrel) and are willing to make it happen again," he said.
+    In recent weeks, oil prices fell to the 16 to 17 dlrs a
+barrel level on market reports of some OPE members producing
+above their quota, pushing total OPEC production to 15.8 mln
+barrels per day. But prices rebounded today, with April U.S.
+crude prices up about one dlr to over 17 dlrs a barrel on a
+belief Saudi Arabia is attempting to curb OPEC output.
+    Wellemeyer said that sharp declines in U.S. oil production
+could push demand for OPEC oil above 20 mln barrels per day as
+early as 1989 and up to 24 mln barrels per day by 1993.
+    Although the projected increases in demand for OPEC oil
+should strengthen world prices, Wellemeyer said he believed the
+organization would hold its official price below 20 dlrs a
+barrel for some time to prevent residual fuel users from
+switching to natural gas supplies. The interfuel swing market
+accounts for about eight mln barrels a day, or 18 pct of the
+world demand for oil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16708" NEWID="1388">
+<DATE> 3-MAR-1987 17:46:40.79</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0106&#31;reute
+u f BC-EC-DRIVING-TO-CAPTURE   03-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC DRIVING TO CAPTURE BRAZIL WHEAT MARKET - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>The European Community, EC, sold
+75,000 tonnes of soft wheat at a subsidized price of between 85
+and 89 dlrs per tonne FOB for March delivery in a continuing
+bid to establish itself in the Brazilian wheat market, the U.S.
+Agriculture Department said.
+    The sale sharply undercut the U.S. offer of 112 dlrs per
+tonne FOB for 33,000 tonnes of wheat, it said in its latest
+report on Export Markets for U.S grains.
+    EC sales to Brazil total about 225,000 tonnes during
+1986/87 (July-June) in stark contrast to only 50,000 tonnes in
+the 1985/86 season, it said.
+    The increasing presence of EC wheat in Brazil comes at a
+time when the Brazilian Wheat Board, BWB, expects the wheat
+import market will expand to 3.4 mln tonnes from the current
+forecast of 3.0 mln in the 1986/87 year.
+    The BWB cites record consumption and an eventual decline in
+domestic production, and says government plans to lower the
+guaranteed price of wheat from 242 dlrs per tonne to 180 dlrs
+will contribute to greater import demand, the USDA said.
+    It said the BWB expects the U.S. to be major supplier of
+the additional 400,000 tonnes, but commitments for purchase of
+U.S. wheat through two-thirds of 1986/87 year total only
+600,000 tonnes versus 700,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16709" NEWID="1389">
+<DATE> 3-MAR-1987 17:51:56.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0117&#31;reute
+u f BC-BRITISH-AEROSPACE-TO   03-03 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AEROSPACE TO ANNOUNCE JET SALES</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>British Aerospace inc said it would
+hold a news conference Thursday morning to announce the sale of
+18 to 20 jets to four airlines, two of them in the United
+States.
+    A company spokesman said the sales involved 12 BAE 146 jets
+and six to eight Jetstream 31 commuter jets.
+    He declined to name the four airlines which were buying the
+jets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16710" NEWID="1390">
+<DATE> 3-MAR-1987 17:52:31.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0120&#31;reute
+r f BC-MARK-RESOURCES-TO-SEL   03-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARK RESOURCES TO SELL SECURITIES</TITLE>
+<DATELINE>    CALGARY, ALBERTA, March 3 - </DATELINE><BODY>&lt;Mark Resources Inc> said it
+agreed to sell 50.3 mln dlrs of securities to Canadian
+investment dealers Nesbitt Thomson Deacon Inc, Gordon Capital
+Corp and First Marathon Securities Ltd.
+    Mark said the securities would consist of 2.3 mln series A
+special warrants at 11 dlrs each, with each exchangeable for
+one common share, and 25,000 series B special warrants at 1,000
+dlrs each and each exchangeable for one 1,000 dlr seven pct
+convertible subordinated debenture.
+    Closing is expected March 17, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16711" NEWID="1391">
+<DATE> 3-MAR-1987 17:54:29.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0126&#31;reute
+d f BC-ZENITH-LABS-&lt;ZEN>-WIL   03-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZENITH LABS &lt;ZEN> WILL REPORT 4TH QTR LOSS</TITLE>
+<DATELINE>    RAMSEY, N.J., March 3 - </DATELINE><BODY>Zenith Laboratories Inc said the
+company will report a fourth quarter loss, and the amount will
+be determined on completion of its year end audit. The company
+did not elaborate further.
+    For the third quarter ended Sept 30, 1986, Zenith reported
+a loss of 3,451,000 dlrs or 16 cts per share, adjusted for a
+May 1986 2-for-1 stock split.
+    The company also said it received Food and Drug
+Administration approval to market Cefadroxil, a generic version
+of an antibiotic with domestic sales exceeding 50 mln dlrs in
+1986.
+    Zenith said it will not market the drug until "questions
+relating to the applicability of certain patents have been
+resolved."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16712" NEWID="1392">
+<DATE> 3-MAR-1987 17:56:37.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0133&#31;reute
+u f BC-U.S.-COMMERCE-SECRETA   03-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COMMERCE SECRETARY QUESTIONS FUJITSU DEAL</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+said he felt a proposed takeover by Japan's &lt;Fujitsu Ltd> of
+U.S.-based Fairchild Semiconductor Corp, a subsidiary of
+Schlumberger Ltd &lt;SLB>, should be carefully reviewed.
+    He told the Semiconductor Industry Association the deal
+would soon be discussed by representatives of several different
+government departments.
+    The Reagan administration has previously expressed concern
+that the proposed takeover would make Fujitsu a powerful part
+of the U.S. market for so-called supercomputers at a time when
+Japan has not bought any American-made supercomputers.
+    In addition, U.S. defense officials have said they were
+worried semiconductor technology could be transferred out of
+the United States, eventually giving Japanese-made products an
+edge in American high-technology markets for defense and other
+goods.
+    Treasury Secretary James Baker recently told a Senate
+committee the proposed takeover would be reviewed by the 
+cabinet-level Economic Policy Council.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16713" NEWID="1393">
+<DATE> 3-MAR-1987 18:00:55.71</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0139&#31;reute
+d f BC-MANDATORY-PRODUCTION   03-03 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANDATORY PRODUCTION CONTROLS DEBATED AT APC</TITLE>
+<DATELINE>    Chicago, March 3 - </DATELINE><BODY>Delegates to the American Pork Congress
+will decide whether or not they want mandatory production
+controls when they vote on the official pork producer policy
+wednesday, the National Pork Producers Council said.
+    The American Pork Congress, APC, delegates, listened to
+both sides of the question when former Iowa Congressman Berkley
+Bedell and Bill Lesher, USDA Assistant Secretary for Economics
+for the years 1981 to 1985 debated at the convention in
+Indianapolis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16714" NEWID="1394">
+<DATE> 3-MAR-1987 18:01:44.12</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0141&#31;reute
+u f BC-TAIWAN-BUYS-25,000-TO   03-03 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN BUYS 25,000 TONNES U.S. SOYBEANS</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Taiwan bought 25,000 tonnes U.S.
+soybeans today at 203.40 dlrs a tonne, C and F, Gulf, for May
+15-30 shipment, private export sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16715" NEWID="1395">
+<DATE> 3-MAR-1987 18:02:39.11</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0142&#31;reute
+u f BC-TAIWAN-PASSES-ON-U.S.   03-03 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN PASSES ON U.S. CORN, WILL RETENDER</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Taiwan passed on its tender overnight
+for 25,000 tonnes of U.S. corn and 49,000 tonnes U.S. sorghum,
+private export sources said.
+    Taiwan will retender for the corn, for May 15-30 shipment
+if via the Gulf, or June 1-15 via Pacific northwest, on March
+6, but has not rescheduled a tender for sorghum, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16716" NEWID="1396">
+<DATE> 3-MAR-1987 18:03:32.10</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0145&#31;reute
+u f BC-BANGLADESH-PASSES-ON   03-03 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH PASSES ON TENDER FOR SOFT WHEAT</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Bangladesh passed on its weekend tender
+for 100,000 tonnes of optional origin soft wheat, private
+export sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16717" NEWID="1397">
+<DATE> 3-MAR-1987 18:04:59.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0146&#31;reute
+r f BC-AMEX   03-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN STOCK EXCHANGE PLANS AD CAMPAIGN</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>The American Stock Exchange (Amex),
+which faces stiff competition from the New York Stock Exchange
+and the over-the-counter market for listed companies, said it
+is launching a 2 mln dlr advertising campaign.
+    Amex will advertise on television for the first time, it
+said. The campaign also includes print ads.
+    "Our entry into television advertising reflects our optimism
+for the future. We have proved ourselves a vigorous and
+competitive marketplace and we are eager to communicate that
+wherever and whenever we can," said Arthurt Levitt Jr., chairman
+of the exchange, in a statement.
+    The exchange said its advertising campaign, with the theme
+"We Extend Your Reach,"  focuses on its role as a diversified
+financial exchange trading both stocks and options.
+    The television commercials will air on network, cable and
+local television stations. The commercials will be broadcast
+during March, May, September and November.
+    The commercials, titled "The Options Pit," and "An Attractive
+Investment," describe Amex's technology advances and
+international ties. The print campaign consists of four ads
+targeted to specific audiences: listed companies, individual
+investors, institutional investors and brokers.
+    The Amex currently has a two-way trading link with the
+Toronto Exchange and has an agreement with the Europeaon
+Options Exchange to trade XMI, the major market index of 20
+blue-chip stocks, during European trading hours. The latter is
+expected to begin by mid-1987.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16718" NEWID="1398">
+<DATE> 3-MAR-1987 18:07:19.94</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0150&#31;reute
+d f BC-PORK-CHECKOFF-REFUNDS   03-03 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORK CHECKOFF REFUNDS LESS THAN EXPECTED</TITLE>
+<DATELINE>    Chicago, March 3 - </DATELINE><BODY>The National Pork Board announced at the
+American Pork Congress convention in Indianapolis that refunds
+under the legislative checkoff program are running less than
+expected.
+    The Board oversees collection and distribution of funds
+from the checkoff program that was mandated by the 1985 farm
+bill. Virgil Rosendale, a pork producer from Illinois and
+chairman of the National Pork Board, said over 2.2 mln dlrs was
+collected in January and refunds are running almost nine pct,
+considerably less than expected.
+    "We believe that this indicates good producer support for
+the new checkoff. We're getting good compliance from markets,
+from packers and from dealers," Rosendale said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16719" NEWID="1399">
+<DATE> 3-MAR-1987 18:07:32.91</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0151&#31;reute
+u f BC-SOUTH-AFRICA-CORN-EXP   03-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA CORN EXPORTS COULD BE REDUCED-USDA</TITLE>
+<DATELINE>     WASHINGTON, March 3 - </DATELINE><BODY>Despite earlier optimistic
+indications, the South African corn crop is at a critical stage
+in its development and recent reports of heat stress could
+reduce production and therefore exportable supplies, the U.S.
+Agriculture Department said.
+    In its report on Export Markets for U.S. Grains, the
+department said South Africa's corn exports in the 1986/87
+(Oct-Sept) season are estimated at 2.5 mln tonnes, up 40 pct
+from the previous year.
+    The re-emergence of South Africa as a competitor follows a
+period of severe droughts, which at one point required South
+Africa to import 2.7 mln tones of U.S. corn in 1983/84, it
+said.
+    Since those imports in 1983/84, the U.S. has been facing
+increased competition from South Africa in Taiwan and Japan.
+    But if South Africa is perceived as lacking available
+supplies, purchases of U.S. corn may be further stimulated, the
+department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16720" NEWID="1400">
+<DATE> 3-MAR-1987 18:11:10.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0157&#31;reute
+r f BC-ARVIN-INDUSTRIES-&lt;ARV   03-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARVIN INDUSTRIES &lt;ARV> TO SELL 150 MLN DLRS DEBT</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Arvin Industries Inc said it is raising
+150 mln dlrs through an offering of 8-3/8 pct 10-year notes and
+9-1/8 pct 30-year sinking fund debentures.
+    Lead underwriter for the offerings, both of 75 mln dlrs, is
+Merrill Lynch Capital Markets.
+    The notes were priced at 99.63 pct to yield 8.43 pct, and
+the debentures were priced at 99.54 pct to yield 9.17 pct.
+    The notes are redeemable at par at Arvin's option after
+March 1, 1994. The debentures are redeemable at any time but
+non-refundable before March 1, 1997. Both are rated BAA-2 by
+Moody's Investors Service and BBB by Standard and Poor's.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16721" NEWID="1401">
+<DATE> 3-MAR-1987 18:11:38.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0158&#31;reute
+r f BC-TENNECO-&lt;TGT>-TO-REDE   03-03 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENNECO &lt;TGT> TO REDEEM PREFERRED STOCK</TITLE>
+<DATELINE>    HOUSTON, March 3 - </DATELINE><BODY>Tenneco Inc said it will redeem on April
+eight all 2,515,400 outstanding shares of its 11 dlr cumulative
+preferred stock.
+    The company said it would pay 102 dlrs a share for the
+preferred stock, plus accrued and unpaid dividends of 24 cts a
+share.
+    Tenneco said it will pay the regular quarterly dividend on
+the preferred on March 31 to shareholders of record February
+27.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16722" NEWID="1402">
+<DATE> 3-MAR-1987 18:12:37.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0159&#31;reute
+r f BC-BORDEN-INC-&lt;BN>-TO-RE   03-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORDEN INC &lt;BN> TO REDEEM 8-1/2 PCT DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Borden Inc called for redemption on
+March 23 of all its outstanding 8-1/2 pct sinking fund
+debentures, due 2004.
+    The company said the redemption price is at 104.55 pct of
+face value plus 40.61 dlrs accrued interest from October 1,
+1986 to the redemption date, making for a total of 1,086.11
+dlrs for each 1,000 dlrs face value.
+    The trustee is Bank of America National Trust and Savings
+Association in San Francisco and the paying agent is Bankers
+Trust Co, New York.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16723" NEWID="1403">
+<DATE> 3-MAR-1987 18:12:43.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0160&#31;reute
+r f BC-PENNWALT-&lt;PSM>-OFFERS   03-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNWALT &lt;PSM> OFFERS ONE MLN SHARES</TITLE>
+<DATELINE>    PHILADELPHIA, March 3 - </DATELINE><BODY>Pennwalt Corp said it offered one
+mln shares of common stock at 63.25 dlrs a share.
+    Pennwalt said it plans to use the net proceeds of the
+public offering, which is managed by Goldman, Sachs and Co, to
+buy all the outstanding shares of its Third Series cumulative
+convertible preferred stock for about 140 mln dlrs.
+    Goldman, Sachs was granted an over-allotment option of
+150,000 shares, the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16724" NEWID="1404">
+<DATE> 3-MAR-1987 18:12:48.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0161&#31;reute
+d f BC-&lt;DEXLEIGH-CORP>-SIX-M   03-03 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DEXLEIGH CORP> SIX MTHS DEC 31 NET</TITLE>
+<DATELINE>    TORONTO, March 3 -
+    </DATELINE><BODY>Shr four cts vs three cts
+    Net 4,505,000 vs 4,493,000
+    Revs 23.3 mln vs 21.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16725" NEWID="1405">
+<DATE> 3-MAR-1987 18:17:38.58</DATE>
+<TOPICS><D>grain</D><D>cotton</D><D>wheat</D><D>oat</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0164&#31;reute
+u f BC-CBT-TRADERS-LOOK-AHEA   03-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT TRADERS LOOK AHEAD TO SPRING PLANTINGS</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>Chicago Board of trade grain traders and
+analysts voiced a lot of interest in how farmers planned to
+handle their upcoming spring plantings, prompting sales of new
+crop months of corn and oats and purchases in new crop soybeans
+in the futures markets.
+    Professionals in the grains trade think that farmers will
+be more willing to stick with corn acres than soybeans because
+corn is protected by the acreage reduction program. That gives
+deficiency payments to farmers if corn prices stay low.
+    Farmers can place soybeans under the loan program if they
+sign-up for reduced acreage, but they have no price guarantees.
+    With the price outlook for both commodities so dismal,
+traders believe farmers will want to stick with a sure thing
+rather than gamble on soybeans, even though the new crop
+soybean/corn ratio of 2.9/1 would make planting soybeans more
+attractive under normal circumstances.
+    An announcement late Friday that the USDA will lift the
+limited cross-compliance requirement for the 1987 oats crop,
+means farmers will be able plant an estimated two to three mln
+more oat acres this year than last without being penalized,
+traders said.
+    Here too, acres some farmers may have been thinking of
+shifting to soybeans will now be planted with oats, due to the
+more attractive deal from the government, they added.
+    Cotton prices are almost twice what they were just six
+months ago, which should prompt many farmers in the South to
+put soybean land back into cotton.
+    One of the reasons for the steady increase in soybean
+production in recent years has been a general shift of acres in
+traditional cotton producing regions of the South to soybeans,
+which are easier to grow, one commercial trader said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16726" NEWID="1406">
+<DATE> 3-MAR-1987 18:18:56.00</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0167&#31;reute
+d f BC-U.S.-CONGRESS-TO-LOOK   03-03 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONGRESS TO LOOK AT SOIL PROGRAM EXEMPTIONS</TITLE>
+<DATELINE>     WASHINGTON, March 3 - </DATELINE><BODY>The Senate Agriculture Committee is
+expected to take up a bill tomorrow that would exempt from
+government conservation regulations those farmers who have
+rotated alfalfa and other multiyear grasses and legumes with
+row crops, committee staff said.
+    Under current so-called "sodbuster" law, farmers who planted
+alfalfa and other multiyear grasses and legumes on highly
+erodible land in the years 1981 through 1985 lose federal farm
+program benefits if they produce a row crop on that land in
+later years.
+    Sen. Edward Zorinsky (D-Neb.), sponsor of the measure, said
+recently that those crop rotating practices resulted in less
+erosion than the practices of many farmers who produced
+strictly row crops.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16727" NEWID="1407">
+<DATE> 3-MAR-1987 18:23:10.82</DATE>
+<TOPICS><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0168&#31;reute
+d f BC-NATIONAL-PORK-BOARD-A   03-03 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL PORK BOARD ALLOCATES 2.4 MLN DLRS</TITLE>
+<DATELINE>    Chicago, March 3 - </DATELINE><BODY>The National Pork Board on Monday
+allocated 2.4 mln dlrs in discretionary funds, collected from
+the 100 pct national checkoff program, to three industry
+organizations.
+    The National Pork Producers Council, NPPC, will receive
+almost 1.8 mln dlrs for use in the areas of food service,
+consumer education and marketing. In addition the board
+allocated 375,000 dlrs in use in "Pork - The Other White Meat"
+campaign, according to a Pork Board spokesperson.
+    The National Livestock and Meat Board will receive 644,000
+dlrs to continue work in educating health care officials.
+120,000 dlrs in matching funds will be provided to the meat
+board for use in the development of a better market for
+processed meats.
+    The Meat Export Federation was awarded 50,000 dlrs to
+increase the market for chilled and processed U.S. pork in
+Japan and Singapore. Retail stores in these two countries will
+be providing additional funding for the program.
+    A total of 5,000 dlrs for work in encouraging McDonalds to
+expand its McRib sandwich to Japan and Singapore was also
+awarded to the Meat export Federation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16728" NEWID="1408">
+<DATE> 3-MAR-1987 18:23:56.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0170&#31;reute
+u f BC-GM-&lt;GM>-BUYBACK-SEEN   03-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> BUYBACK SEEN CALMING SHAREHOLDERS</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Wall Street analysts said a share
+repurchase program announced by General Motors Corp is in part
+an attempt to placate shareholders angry over the recent
+repurchase of shares from Texan H. Ross Perot last year.
+    "He (Perot) was obviously the big trigger" said analyst
+Joseph Phillippi of E.F. Hutton Co. "There was a firestorm of
+criticism from people on the institutional side."
+    Wall Street analysts said the GM buyback will boost the
+shares in the near term but some had reservations about the
+long term effects of the plan.
+    "They're trying to soothe irate shareholders irriated by
+the buyout of Ross Perot," said analyst David Healy of Drexel
+Burnham Lambert Inc.
+    Healy said General Motors chairman Roger Smith had been
+hinting at a buyback program in meetings with institutional
+investors. He said the plan, which could cost more than five
+billion dlrs over four years, was similar in size to Ford Motor
+Co's &lt;F> repurchase program but smaller on a percentage basis
+than that of Chrysler Corp &lt;C>.
+    Healy said General Motors will have to borrow money to buy
+back stock on a large scale.
+    The General Motors plan, announced after a board of
+directors meeting in New York, calls for repurchase of up to 20
+pct of the common stock by the end of 1990.
+    The GM board also authorized repurchase of up to five mln
+class E &lt;GME> and class H &lt;GMH> shares. GM shares closed at
+75-5/8, up 7/8, in composite trading prior to the company's
+announcement. However subsequently Jefferies and Co, which
+trades NYSE-listed issues outside regular hours, said it was
+making a market in the shares at 77-1/2 to 78.
+    "The stock is obviously going to be strong tomorrow," said
+Ronald Glantz, analyst at Montgomery Securities.
+    "I don't know where the money (for the buyback) is coming
+from unless they borrow," Glantz said. "Their credit rating is
+going to fall." GM said it anticipates a decrease in automotive
+capital spending.
+    Glantz believes GM could be inviting a strike this fall by
+going ahead with the buyback program at a time when it has
+37,000 employees on indefinite layoff and 11 plants marked for
+closing. After deciding against a profit sharing bonus for
+workers and buying out Perot for 743 mln dlrs "this will be
+seen as rubbing salt into the wound," Glantz said. "GM must be
+challenging the union to make it the strike target."
+    Glantz said he is not changing his buy recommendation on GM
+and expects the shares to rise. But he said he did not think
+the overall plan was "prudent."
+    "Obviously we're going to get at least an opening gap in
+the stock tomorrow," Hutton's Phillippi said.
+    He says GM apparently believes as a result of a cost
+reduction program plus the falloff in capital spending levels
+"they can handle a stock buyback of this magnitude within the
+confines of their cash flow." Phillippi, who has been telling
+clients to hold GM shares mainly for income, said on balance
+"we've got to feel they're doing something constructive."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16729" NEWID="1409">
+<DATE> 3-MAR-1987 18:25:53.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0173&#31;reute
+r f BC-NIPPON-STEEL-INVESTS   03-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON STEEL INVESTS 8 MLN DLRS IN GTX CORP</TITLE>
+<DATELINE>    CHICAGO, March 3 - </DATELINE><BODY>GTX Corp said Nippon Steel Co of Japan,
+in a move to diversify into high technology, invested eight mln
+dlrs in GTX.
+    Nippon's move was the result of current exchange rates and
+the revaluation of the yen, which "have made the U.S.
+electronics industry an attractive investment opportunity for
+Japanese corporations," according to a GTX statement.
+    GTX noted that Nippon is expecting sales of 27 billion dlrs
+by 1995. Of that amount, six billion dlrs is targeted for
+electronics. GTX, located in Phoenix, makes computerized
+systems that read drawings and transfer them into data bases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16730" NEWID="1410">
+<DATE> 3-MAR-1987 18:27:08.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0175&#31;reute
+r f AM-GULF-IRAQ   03-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ REPORTS IRAN ATTACK REPULSED EAST OF BASRA</TITLE>
+<DATELINE>    BAGHDAD, March 3 - </DATELINE><BODY>Iraq said its troops repelled an
+overnight Iranian attack east of the southern port city of
+Basra, scene of several Iranian Gulf war thrusts in the past
+two months.
+    A high command communique said "the attackers were met by
+heavy barrages of artillery, tank and mortar fire with the
+support of helicopter gunship raids."
+    Iran said it had made fresh gains in the attack southwest
+of the man-made Fish lake, some 10 km (six miles) from Basra.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16731" NEWID="1411">
+<DATE> 3-MAR-1987 18:27:36.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0176&#31;reute
+f f BC-******FBI-DIRECTOR-WI   03-03 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FBI DIRECTOR WILLIAM WEBSTER NOMINATED TO HEAD CIA, WHITE HOUSE ANNOUNCES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16732" NEWID="1412">
+<DATE> 3-MAR-1987 18:34:50.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0185&#31;reute
+r f BC-C.T.C.-DEALER-EXTENDS   03-03 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C.T.C. DEALER EXTENDS BID FOR CANADIAN TIRE</TITLE>
+<DATELINE>    TORONTO, March 3 - </DATELINE><BODY>C.T.C. Dealer Holdings Ltd said it
+extended its previously announced offer for 49 pct of &lt;Canadian
+Tire Corp Ltd> to midnight on March 26.
+    CTC, a group of Canadian Tire dealers, which already owns
+17 pct of Canadian Tire, is currently appealing in an Ontario
+court against a previously announced Ontario Securities
+Commission ruling blocking CTC's 272 mln dlr bid.
+    The blocked bid did not include non-voting shareholders,
+who hold 96 pct of Canadian Tire equity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16733" NEWID="1413">
+<DATE> 3-MAR-1987 18:37:30.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0186&#31;reute
+u f AM-REAGAN-CIA   03-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN NOMINATES FBI DIRECTOR TO HEAD CIA</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>President Reagan nominated Federal
+Bureau of Investigation Director William Webster to be director
+of the Central Intelligence Agency (CIA), in succession to
+ailing William Casey.
+    The announcement came one day after Reagan withdrew the
+nomination of Deputy CIA Dirctor Robert Gates, who faced
+opposition in the Senate because of the CIA's role in the
+Iran-contra scandal.
+    "Bill Webster will bring a remarkable depth and breadth of
+experience as well as a remarkable record of achievement to
+this position," said Reagan in a statement read by White House
+spokesman Marlin Fitzwater.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16734" NEWID="1414">
+<DATE> 3-MAR-1987 18:42:50.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0188&#31;reute
+r f BC-ROCKWELL-&lt;ROK>-SEES-I   03-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKWELL &lt;ROK> SEES IMPROVEMENT IN 1987</TITLE>
+<DATELINE>    LOS ANGELES, March 3 - </DATELINE><BODY>Rockwell International Corp
+continues to expect significant improvement in 1987 results,
+despite the somewhate disappointing performance of one of its
+business segments, President Donald Beall told Reuters.
+    Rockwell reported net earnings in its first quarter ended
+December 31 of 149.4 mln dlrs, or 1.05 dlrs per share, compared
+to 125.8 mln dlrs, or 84 cts per share a year ago.
+    Operating earnings, however, were off about four pct, and
+analysts have attributed the decline to Rockwell's
+Allen-Bradley unit, which has suffered from weakness in the
+industrial automation market.
+    "It is in a soft market now, but we are not concerned. It
+is moving forward with market development and is enhancing
+market share," Beall said of Allen-Bradley unit.
+    Beall, who was in Los Angeles to address a Technology
+management conference, said first quarter sales for the
+Allen-Bradley unit were flat as compared to a year earlier. He
+said the company does not break out operating earnings by unit
+on a quarterly basis.
+    Beall said the recent trend toward cost sharing in the
+research and development phase of government contracts should
+not have a major impact on Rockwell's near-term performance.
+    He noted, however, the increasing focus on cost sharing
+could limit technological innovation.
+    "I worry that we are heading into a period of misuse of
+contracting approaches too early in the development stages of
+important military contracts," Beall said, adding, "long-term,
+we have a very serious problem."
+    In addition, Beall told the conference the greatest
+competitive threat to defense contractors is in defense
+electronics, due to the government's attempt to take advantage
+of competitively priced products made outside the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16735" NEWID="1415">
+<DATE> 3-MAR-1987 18:52:41.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0196&#31;reute
+r f BC-INTERMARK-&lt;IMI>-PLANS   03-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERMARK &lt;IMI> PLANS REFINANCING</TITLE>
+<DATELINE>    LA JOLLA, Calif., March 3 - </DATELINE><BODY>Intermark Inc said it plans to
+offer 40 mln dlrs in new debt to finance the repurchase of
+high-interest notes and that it agreed to sell two units.
+    The company said it filed a registration statement with the
+Securities and Exchange Commission to sell 40 mln dlrs of
+convertible suborindated debentures due 2007.
+    It said proceeds from the offering, to be managed by Drexel
+Burnham Lambert Inc, will be used to redeem all 20 mln dlrs
+face amount of its 11-7/8 pct senior subordinated debentures
+and to buy back some of its 13.20 pct senior notes.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16736" NEWID="1416">
+<DATE> 3-MAR-1987 18:54:57.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>nicaragua</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0197&#31;reute
+r f AM-CENTAM-AMERICAN   03-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SEEKS MORE AID FOR CENTRAL AMERICA</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>President Reagan, seeking to salvage
+his Central America policy from the Iran arms scandal, said a
+major U.S. economic program for the region was working but
+needed 500 mln dlrs more than originally planned.
+    In a report to Congress, he called for immediate approval
+of 300 mln dlrs in new 1987 economic aid for four Central
+American democracies and eventual full-funding of a total
+economic program costing 8.9 billion dlrs through 1992.
+    The report, mandated by Congress, explains how the
+administration intends to carry out the recommendations of the
+Reagan-appointed Kissinger Commission, which in 1984 developed
+a blueprint for U.S. policy in the region that was meant to
+offset Reagan's military aid program for Nicaraguan rebels.
+    The commission, headed by former Secretary of State Henry
+Kissinger, had proposed a 8.4 billion dlr program through 1989.
+    "The Soviet Union and its allies have provided the
+Sandinista regime military hardware and sufficient economic aid
+to keep Nicaragua's failed economy afloat," Reagan said.
+    Assistant Secretary of State Elliott Abrams, who briefed
+reporters, said the administration will not try to link
+approval of military aid for the rebels, known as contras, with
+the vastly more popular economic package for the region, as
+some Republican leaders in Congress have suggested.
+    He also expressed optimism that despite the Iran-contra
+scandal, Congress would approve this year's final 40 mln dlr
+allotment in military aid for the rebels, who are fighting
+Managua's leftist Sandinista government.
+    Abrams admitted the administration would have its toughest
+fight in the Democratic-controlled House, but said he believed
+a majority of the Senate -- led by Democrats for the first time
+in six years -- would back the military request.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17835" NEWID="1417">
+<DATE> 4-MAR-1987 09:30:09.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0142&#31;reute
+r f BC-GENERAL-ELECTRIC-&lt;GE>   03-04 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC &lt;GE> SELLS NOTES AT SEVEN PCT</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>General Electric Co is raising 250 mln
+dlrs via an offering of notes due 1992 with a seven pct coupon
+and par pricing, said lead manager Kidder, Peabody and Co Inc.
+    That is 30 basis points more than the yield of comparable
+Treasury securities. Non-callable for life, the issue is rated
+a top-flight AAA by Moody's and Standard and Poor's.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17836" NEWID="1418">
+<DATE> 4-MAR-1987 09:30:27.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0143&#31;reute
+r f BC-MEMORY-METALS-INC-&lt;MR   03-04 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEMORY METALS INC &lt;MRMT> GETS NASA CONTRACT</TITLE>
+<DATELINE>    STAMFORD, Conn., March 4 - </DATELINE><BODY>Memory Metals Inc said it
+received a contract from the National Aeronautics and Space
+Administration to research and develop joints and couplings
+using special alloys.
+    The company said the two-year contract, worth 500,000 dlrs,
+calls for Memory to study the joints and couplings for advanced
+composite materials, which are strong and light, but difficult
+to join reliably.
+    It said the alloys are trained to remember and take on a
+predetermined shape and selected temperaturers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17837" NEWID="1419">
+<DATE> 4-MAR-1987 09:30:38.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0145&#31;reute
+r f BC-HOME-AND-CITY-&lt;HCSB>   03-04 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME AND CITY &lt;HCSB> TO FORM HOLDING COMPANY</TITLE>
+<DATELINE>    ALBANY, N.Y., March 4 - </DATELINE><BODY>Home and City Savings Bank said its
+board has approved formation of a holding company called Home
+and City Bancorp Inc, subject to approval by shareholders at a
+special meeting expected to be held around June and to
+regulatory approvals.
+    The company said shareholders will be ased to exchange
+their Home and City Savings sharesd for an equal number of
+shares in the holding company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17838" NEWID="1420">
+<DATE> 4-MAR-1987 09:30:42.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0146&#31;reute
+s f BC-MICKELBERRY-CORP-&lt;MBC   03-04 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICKELBERRY CORP &lt;MBC> SETS QTLY PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 4 -
+    </DATELINE><BODY>Qtly div 1-1/2 cts vs 1-1/2 cts prior
+    Pay March 31
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17839" NEWID="1421">
+<DATE> 4-MAR-1987 09:30:50.97</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0147&#31;reute
+d f BC-SWAP-DEALERS-UNVEIL-S   03-04 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWAP DEALERS UNVEIL STANDARD CONTRACT</TITLE>
+<DATELINE>    London, March 4 - </DATELINE><BODY>The International Swap Dealers
+Association has developed the first standard form contract for
+use by arrangers of currency and interest rate swap
+transactions, said Thomas Jasper, the Association's
+co-chairman.
+    The contract, unveiled at a press conference , is expected
+to make the 300 billion dlr a year swap market more efficient,
+he said. "The contracts wil accelerate the process and reduce
+the expense of swap documentation," Japsper said.
+    Privately, eurobond traders estimate that about 80 pct of
+all new issues eventually become part of either an interest
+rate or currency swap.
+    An interest rate swap occurs when two issuers, usually
+acting through a bank middleman, agree to accept each other's
+interest payments on debt securities. Usually, the issuer of a
+floating rate debt security swaps into fixed-rate debt and vice
+versa. But the obligation for repayment of the debt remains
+with the original borrower.
+    Bank regulators have become concerned about the use of
+swaps because the middleman, usually a bank, takes on some
+portion of the risk but is not required to show it on the
+balance sheet as a liability and may not have sufficient
+capital to cushion it.
+    Kenneth McCormick, a co-chairman of the ISDA and president
+of Kleinwort Benson Cross Financing Inc, said the Bank of
+England and the U.S. Federal Reserve Board were expected later
+today to announce joint proposals for setting minimum capital
+standards for counterparties in swaps.
+    The standards are part of the recently announced
+convergence agreement between the two countries in which
+regulators have attempted to set similar capital requirements
+for institutions.
+    McCormick told reporters the ISDA was concerned that a
+"level playing field" be maintained in the swaps market.
+    He said if U.K. And U.S. Banks were required to hold more
+primary capital against swap transactions than is the current
+practice, the additional costs would have to be passed on to
+issuers.
+    The issuers might then choose to do business with
+lower-cost banks which are not subject to U.S. Or U.K. Banking
+rules.
+    He said the ISDA had been working on a code of conduct for
+swap dealers as part of its self-regulatory effort.
+    That code should be completed within the next few weeks, he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17840" NEWID="1422">
+<DATE> 4-MAR-1987 09:31:10.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0148&#31;reute
+r f BC-COMPUGRAPHIC-CORP-&lt;CP   03-04 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUGRAPHIC CORP &lt;CPU> IN JOINT VENTURE</TITLE>
+<DATELINE>    WALTHAM, Mass., March 4 - </DATELINE><BODY>Compugraphic Corp said it entered
+into an exclusive distribution and technology exchange pact
+with &lt;Autographix Inc>.
+    Compugraphic said the pact calls for it to distribute
+Autographix products to corporate and government markets in
+North America. It said Autographix will continue to sell its
+products to the commerical slide production market.
+    The technology exchange includes joint development projects
+intergrating Compugraphic's type and text technology with
+Autographix' presentation graphics workstations.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17841" NEWID="1423">
+<DATE> 4-MAR-1987 09:31:28.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0149&#31;reute
+r f BC-USAIR-&lt;U>-FEBRUARY-LO   03-04 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> FEBRUARY LOAD FACTOR RISES</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>USAir Group Inc said its February
+load factor rose to 62.2 pct from 56.9 pct a year ago.
+    Revenue passenger miles grew 24.1 pct in February to 923.2
+mln from 743.8 mln and 18.5 pct year to date to 1.80 billion
+from 1.52 billion, the company said.
+    Available seat miles rose 13.5 pct in February to 1.48
+billion from 1.31 billion and 9.6 pct in the two months to 3.06
+billion from 2.79 billion.
+    The percentage of seats filled in the two months rose to
+58.9 pct from 54.4 pct in the year-ago period, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17842" NEWID="1424">
+<DATE> 4-MAR-1987 09:33:25.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0160&#31;reute
+b f BC-HOKKAIDO-BANK-ISSUES   03-04 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOKKAIDO BANK ISSUES 30 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>The Hokkaido Bank Ltd is issuing a 30 mln
+dlr convertible eurobond due March 31, 2002 with an indicated
+2-1/4 pct coupon and priced at par, lead manager Nomura
+International Ltd said.
+    Terms will be fixed on March 10, involving a premium of
+about five pct above a six-day average. The conversion period
+will run from April 20, 1987 to March 20, 2002.
+    The bonds will be sold in denominations of 5,000 dlrs and
+will be listed in Luxembourg. Total fees of 2-1/2 pct include
+one pct for management and underwriting and 1-1/2 pct for
+selling, including an 20 basis point praecipuum.
+    Nomura said the bonds are callable from March 31, 1990 at
+104, declining by 1/2 pct per annum.
+    There will be no calls before March 31, 1992 unless the
+share price reaches at least 150 pct of the conversion price.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17843" NEWID="1425">
+<DATE> 4-MAR-1987 09:33:47.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0163&#31;reute
+d f BC-METROPOLITAN-FEDERAL   03-04 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROPOLITAN FEDERAL &lt;MFTN> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 4 - </DATELINE><BODY>Metropolitan Federal Savings
+and Loan Association said it has signed a letter of intent to
+acquire American Trust of Hendersonville, Tenn., for an
+undisclosed amount of cash.
+    American Trust had year-end assets of over 40 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17844" NEWID="1426">
+<DATE> 4-MAR-1987 09:33:53.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0164&#31;reute
+d f BC-MICOM-SYSTEMS-&lt;MICS>   03-04 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICOM SYSTEMS &lt;MICS> ENHANCES MULTIPLEXOR</TITLE>
+<DATELINE>    SIMI VALLEY, Calif., March 4 - </DATELINE><BODY>Micom Systems Inc said it
+has doubled the data transmission range and speed of its
+Instalink460 voice/data multiplexor.
+    The company said the unit now transmits data up to 23,000
+feet at up to 19,200 bits per second and provides synchronous
+or asynchronous transmission in a single unit.
+    Prices for terminal units begin at 195 dlrs and central
+units at 750 dlrs, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17845" NEWID="1427">
+<DATE> 4-MAR-1987 09:36:11.28</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0172&#31;reute
+u f BC-GM'S-&lt;GM>-PONTIAC-HAS   03-04 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM'S &lt;GM> PONTIAC HAS INTEREST RATE INCENTIVES</TITLE>
+<DATELINE>    PONTIAC, Mich., March 4 - </DATELINE><BODY>General Motors Corp said its
+Pontiac Division has established an interest rate support
+incentive program, effective immediately, as an alternative to
+its current option bonus program.
+    The company said qualified buyers of Pontiacs may now
+select special finance rates of 3.9 pct on 24-month contracts,
+7.9 pct on 36-month contracts, 8.9 pct on 48-mopnth contracts
+or 9.9 pct on 60-month contracts.  The program is scheduled to
+expire April 30.
+    Under the option bonus program, which is also scheduled to
+expire April 30, buyers receive cash bonuses on the purchase of
+Pontiacs equipped with option group packages, with the amount
+depending on the option level on each vehicle.
+    The company said the special interst rate program applies
+to ann new 1986 and 1987 Pontiacs sold from dealer stock and
+delivered to customers during the program period.  A customer
+may choose only one program, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17846" NEWID="1428">
+<DATE> 4-MAR-1987 09:36:19.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0173&#31;reute
+r f BC-westar-mining-ltd   03-04 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WESTAR MINING LTD> 4TH QTR LOSS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 4 -
+    </DATELINE><BODY>Shr not given
+    Oper loss 5,900,000 vs profit 9,300,000
+    Revs 105.3 mln vs 131.2 mln
+    Year
+    Shr not given
+    Oper loss 21.7 mln vs profit 34.7 mln
+    Revs 370.7 mln vs 515.1 mln
+    Note: 67 pct owned by &lt;British Columbia Resources
+Investment Corp>
+    Note continued: 1986 qtr excludes extraordinary loss of 3.6
+mln dlrs versus loss of 294.0 mln dlrs in prior year
+    1986 year excludes extraordinary loss of 79.1 mln dlrs
+versus loss 221.5 mln dlrs in prior year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17847" NEWID="1429">
+<DATE> 4-MAR-1987 09:36:43.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0176&#31;reute
+u f BC-DOW-CHEMICAL-&lt;DOW>-TO   03-04 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW CHEMICAL &lt;DOW> TO SELL SOUTH AFRICAN UNIT</TITLE>
+<DATELINE>    MIDLAND, Mich., March 4 - </DATELINE><BODY>Dow Chemical Co said it has
+agreed in principle to sell its industrial chemicals and
+plastics business interests in South Africa and related assets
+to a group of South African investors for undisclosed terms,
+completing the sale of the company's South African assets
+    Dow said it will continue to support its educational and
+health programs for South African blacks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17848" NEWID="1430">
+<DATE> 4-MAR-1987 09:41:57.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0201&#31;reute
+r f BC-&lt;AUSTIN-ROVER-GROUP>   03-04 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AUSTIN ROVER GROUP> REPORTS SALES ON STERLINGS</TITLE>
+<DATELINE>    MIAMI, March 4 - </DATELINE><BODY>Great Britain's Austin Rover Group
+reported the sale of 1,043 Sterling automobiles during the
+second half of February, the first month in which the European
+luxury car was on sale.
+    The company said the Sterling 825S sells for 19,000 dlrs
+and the Sterling 825SL sells for 23,900 dlrs, and are aimed at
+the European luxury sedan market.
+    The Sterling was designed in a joint venture with Honda
+Motor Corp &lt;HMC>. The Rover Group was the former British Leland
+PLC company, according to the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17849" NEWID="1431">
+<DATE> 4-MAR-1987 09:42:05.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0202&#31;reute
+r f BC-PITNEY-BOWES-&lt;PBI>-UN   03-04 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PITNEY BOWES &lt;PBI> UNIT SELLS FIVE-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Pitney Bowes Credit Corp, a unit of
+Pitney Bowes Inc, is raising 100 mln dlrs through an offering
+of notes due 1992 with a 7-1/4 pct coupon and par pricing, said
+lead manager Goldman, Sachs and Co.
+    That is 53 basis points more than the yield of comparable
+Treasury securities.
+    Non-callable to maturity, the issue is rated A-1 by Moody's
+and AA-minus by Standard and Poor's. First Boston Corp
+co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17850" NEWID="1432">
+<DATE> 4-MAR-1987 09:42:10.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0203&#31;reute
+d f BC-SYSTEMED-&lt;SYMD>-INSTA   03-04 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYSTEMED &lt;SYMD> INSTALLS PHARMACY SYSTEM</TITLE>
+<DATELINE>    LONG BEACH, Calif., March 4 - </DATELINE><BODY>SysteMed Inc said it has sold
+a Pharmacy Module to 998-bed Memorial Medical Center of Long
+Beach, Calif.
+    Pharmacy Module is a computerized drug information system.
+    Value was not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17851" NEWID="1433">
+<DATE> 4-MAR-1987 09:42:31.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0204&#31;reute
+b f BC-/WILLIAMS-COS-&lt;WMB>-Y   03-04 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIAMS COS &lt;WMB> YEAR LOSS</TITLE>
+<DATELINE>    TULSA, March 4 -
+    </DATELINE><BODY>Shr loss 6.97 dlrs vs profit 92 cts
+    Net loss 240 mln vs profit 31.6 mln
+    Revs 1.9 billion vs 2.5 billion
+    NOTE: 1986 includes loss of 250 mln dlrs or 7.27 dlrs a
+share from discontinued operations and writedowns of holdings
+in Texasgulf Inc. 1985 restated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17852" NEWID="1434">
+<DATE> 4-MAR-1987 09:43:35.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0206&#31;reute
+u f BC-GEONEX-SEES-SALES-HUR   03-04 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEONEX SEES SALES HURT BY PRODUCTION SHIFT</TITLE>
+<DATELINE>    ST. PETERSBURG, Fla., March 4 - </DATELINE><BODY>Geonex Corp &lt;GEOX> said
+BellSouth Corp &lt;BLS> unit Southern Bell Telephone and Telegraph
+Co's decision to postpone the start up of new conversion
+assignments at Geonex's Chicago Aerial Survey unit could
+negatively affect its fiscal 1987 revenues.
+    The company said it had expected higher revenues from the
+records conversion work, but it now foresees revenues from
+Southern Bell work at about eight mln dlrs, the same level as
+last fiscal year.
+    Geonex said Southern Bell will let CAS continue work in
+progress and it expects to perform mechanized posting and
+records conversion for Southern Bell through 1989.
+    But, it added that the Southern Bell decision has forced it
+to pursue opportunities with other telephone companies and
+municipalities to replace the Southern Bell work.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17853" NEWID="1435">
+<DATE> 4-MAR-1987 09:45:31.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0212&#31;reute
+f f BC-******NWA-INC-4TH-QTR   03-04 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NWA INC 4TH QTR SHR PROFIT 45 CTS VS LOSS NINE CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17854" NEWID="1436">
+<DATE> 4-MAR-1987 09:47:48.74</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0225&#31;reute
+b f BC-UK-INTERVENTION-BD-SA   03-04 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> UK INTERVENTION BD SAYS EC SOLD 60,500 TONNES WHITE SUGAR AT REBATE 43.147 ECUS.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17855" NEWID="1437">
+<DATE> 4-MAR-1987 09:48:36.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0227&#31;reute
+b f BC-******AMERICAN-MOTORS   03-04 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN MOTORS AGREES TO RESUME WISCONSIN LABOR TALKS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17856" NEWID="1438">
+<DATE> 4-MAR-1987 09:48:58.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0228&#31;reute
+d f BC-(CRIME-CONTROL-INC)-4   03-04 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CRIME CONTROL INC) 4TH QTR NET LOSS</TITLE>
+<DATELINE>    INDIANAPOLIS, IND., March 4-
+    </DATELINE><BODY>Shr loss 2.03 dlrs vs loss 85 cts
+    Net loss 10,742,113 vs loss 3,700,712
+    Revs 8,027,065 vs 8,689,008
+    Avg shrs 5.3 mln vs 4.4 mln
+    Year
+    Shr loss 2.45 dlrs vs loss 1.73 dlrs
+    Net loss 11,607,104 vs loss 7,442,825
+    Revs 32.6 mln vs 33.2 mln
+    Avg shrs 4.7 mln vs 4.3 mln
+    NOTE: 1986 net loss includes a fourth quarter charge of
+10.5 mln dlrs from writeoffs of certain assets.
+    1985 net loss includes a charge of about 2.3 mln dlrs from
+settlement of class action lawsuit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17857" NEWID="1439">
+<DATE> 4-MAR-1987 09:49:12.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0229&#31;reute
+u f BC-ANDRIESSEN-HAILS-EC-M   03-04 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANDRIESSEN HAILS EC MILK PACT, PROMISES FARM AID</TITLE>
+<DATELINE>    BRUSSELS, March 4 - </DATELINE><BODY>European Community Farm Commissioner
+Frans Andriessen welcomed the agreement on details of dairy
+output cuts over two years and promised new measures to help
+farmers hurt by the drive to reduce EC surpluses.
+    "We are now in a favourable position to improve the
+situation in the dairy sector," he told a news conference.
+    The Commission will be able to proceed with a 3.2 billion
+European Currency Unit plan to dispose of over a mln tonnes of
+butter in EC stores, as the deal should prevent major new
+stocks from accruing.
+    A preliminary accord on the dairy package was reached in
+December, but approval was held up by a row over Commission
+proposals that it be given power to suspend sales of surplus
+stocks into store.
+    After 36 hours of negotiations, ministers agreed detailed
+rules for such a suspension, allowing it only when new public
+stocks of butter exceed 180,000 tonnes and when market prices
+were sharply below those paid for sales into EC stores.
+    Andriessen said the accord improves the atmosphere for what
+he said are bound to be tough discussions on his proposals for
+cuts in EC farm price cuts, notably in cereals, in the coming
+season.
+    The ministers also approved a three-year 350 mln Ecu
+package of measures to help farmers in difficulty and pay
+compensation to those who opt for less intensive production
+methods. Andriessen said he regretted ministerial objections
+had forced him to withdraw sections of this package, for which
+he had originally earmarked 1.3 billion Ecus over five years.
+    He said he would revise and resubmit plans to allow older
+farmers to take early retirement, either taking their land out
+of agricultural production or passing it to successors.
+    The Commission is also working on proposals to enable the
+EC and member states to provide direct income supports to
+hard-pressed small farmers. Andriessen said he could not give
+full details, but member state aid would be subject to "strict
+criteria to avoid distortion of competition."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17858" NEWID="1440">
+<DATE> 4-MAR-1987 09:51:38.24</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>netherlands</D><D>denmark</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0234&#31;reute
+b f BC-U.K.-INTERVENTION-BOA   03-04 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>A total 60,500 tonnes of current series
+white sugar received export rebates of a maximum 43.147
+European Currency Units (Ecus) per 100 kilos at today's
+European Community (EC) tender, the U.K. Intervention Board
+said.
+    Out of this, traders in the U.K. Received 43,500 tonnes, in
+the Netherlands 12,000, in Denmark 4,000 and in West Germany
+1,000 tonnes.
+    Earlier today, London and Paris traders said they expected
+the subsidy for the current season whites campaign for licences
+to end-July to be between 43.00 and 43.45 Ecus per 100 kilos.
+    They had also forecast today's total authorised sugar
+tonnage export awards to be between 60,000 and 80,000 tonnes
+versus 103,000 last week when the restitution was 43.699 Ecus.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17859" NEWID="1441">
+<DATE> 4-MAR-1987 09:51:47.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0235&#31;reute
+b f BC-IRAN-ANNOUNCES-NEW-OF   03-04 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN ANNOUNCES NEW OFFENSIVE IN GULF WAR</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>Iran announced it had launched a new
+offensive against Iraq in the north-west area of the Gulf war
+front.
+    Tehran radio, monitored by the British Broadcasting
+Corporation, said the attack was launched last night in the Haj
+Omran area of northern Iraq.
+    It had already achieved "considerable victories," the radio
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17860" NEWID="1442">
+<DATE> 4-MAR-1987 09:52:13.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>simex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0237&#31;reute
+d f BC-SINGAPORE-TAX-PACKAGE   03-04 0145</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE TAX PACKAGE INTRODUCED TO AID ECONOMY</TITLE>
+<DATELINE>    SINGAPORE, March 4 - </DATELINE><BODY>Singapore Finance Minister Richard Hu
+in his budge speech introduced a tax package he said aims at
+consolidating economic recovery.
+    He imposed higher taxes on tobacco and liquor but
+introduced tax incentives to promote population growth and
+offshore services. In order to further accelerate development
+of the capital market and fund management activities, from the
+year of assessment 1988 income earned by Asian Currency Units
+and securities companies approved by the Monetary Authority of
+Singapore will be taxed at a concessionary rate of 10 pct.
+    He said interest paid by Simex members to non-residents in
+respect of transactions in the deferred gold market will be
+exempt from withholding tax. This will make Singapore a more
+attractive place to carry out such transactions, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17861" NEWID="1443">
+<DATE> 4-MAR-1987 09:53:36.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0241&#31;reute
+u f BC-ITALIAN-TREASURY-TO-I   03-04 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN TREASURY TO ISSUE NEW CERTIFICATES</TITLE>
+<DATELINE>    ROME, March 4 - </DATELINE><BODY>The Italian treasury said it will issue
+3,000 billion lire of a new type of indexed government paper,
+discount certificates (CTS), on March 18.
+    Treasury Minister Giovanni Goria said at a news conference
+the new certificates will be heavily discounted and aimed at
+small investors rather than institutions.
+    The Treasury said in a statement the annual yield of the
+seven-year certificates will be indexed to 50 pct of the annual
+yield of 12-month treasury bills.
+    Effective annual yield after tax for the first CTS issue
+will be 9.66 pct. "The launch of the new certificate has to be
+viewed in the framework of the management of the public debt as
+a step towards the return of a larger volume of fixed-rate
+issues," the Treasury said.
+    The Treasury said future CTS issues likely would be
+certificates longer than seven years. CTS automatically offers
+a portfolio diversification between fixed-rate and
+variable-rate investments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17862" NEWID="1444">
+<DATE> 4-MAR-1987 09:53:54.04</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0242&#31;reute
+d f BC-JAPAN-FIRM-DEVELOPS-U   03-04 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FIRM DEVELOPS ULTRA HEAT-RESISTING RUBBER</TITLE>
+<DATELINE>    TOKYO, March 4 - </DATELINE><BODY>Shin-Etsu Chemical Co Ltd said it had
+developed an ultra thermal resistance rubber which can be used
+at 250 centigrade continuously without losing its properties.
+    Shin-Etsu put potential demand for the product at two
+tonnes a month mainly for microwave ovens and as a sealant.
+    But increasing use of the product in parts attached to car
+engines will raise demand and the company will boost output to
+10 tonnes by March 1988 from two now, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17863" NEWID="1445">
+<DATE> 4-MAR-1987 09:54:24.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0244&#31;reute
+u f BC-CASTLE-AND-COOKE-INC   03-04 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASTLE AND COOKE INC &lt;CKE> 4TH QTR LOSS</TITLE>
+<DATELINE>    LOS ANGELES, March 4 -
+    </DATELINE><BODY>Shr loss 76 cts vs loss 21 cts
+    Net loss 31.9 mln vs loss 3,288,000
+    Revs 380.2 mln vs 311.5 mln
+    Avg shrs 47.1 mln vs 41.2 mln
+    Year
+    Shr profit 56 cts vs profit 56 cts
+    Net profit 43,925,000 vs profit 46,433,000
+    Rev 1.74 billion vs 1.60 billion
+    Avg shares 43,602,000 vs 41,014,000
+    NOTE: Fourth quarter includes after tax loss from
+discontinued Flexi-Van operations of 33.9 mln dlrs. Primary
+earnings per share data calculated after deducting preferred
+dividend requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17864" NEWID="1446">
+<DATE> 4-MAR-1987 09:55:18.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0248&#31;reute
+d f BC-VOICEMAIL-INTERNATION   03-04 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOICEMAIL INTERNATIONAL INC 4TH QTR LOSS</TITLE>
+<DATELINE>    CUPERTINO, Calif., March 4 -
+    </DATELINE><BODY>Shr loss 21 cts vs loss 14 cts
+    Net loss 838,069 vs loss 433,875
+    Revs 1,080,068 vs 1,793,398
+    Avg shrs 4,004,826 vs 3,172,537
+    12 mths
+    Shr loss 39 cts vs 11 cts
+    Net loss 1,387,500 vs loss 334,463
+    Revs 6,456,882 vs 5,605,680
+    Avg shrs 3,542,217 vs 3,071,456
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17865" NEWID="1447">
+<DATE> 4-MAR-1987 09:55:27.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0249&#31;reute
+r f BC-JACOBS-ENGINEERING-&lt;J   03-04 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JACOBS ENGINEERING &lt;JEC> TO REINCORPORATE</TITLE>
+<DATELINE>    PASADENA, Calif., March 4 - </DATELINE><BODY>Jacobs Engineering group Inc
+said its shareholders approved reincorporation of the company
+in Delaware and certain indemnification agreements with
+officers and directors of the company.
+    Jacobs is incorporated in California.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17866" NEWID="1448">
+<DATE> 4-MAR-1987 09:55:44.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0251&#31;reute
+u f BC-RHODES-&lt;RHD>-FEBRUARY   03-04 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RHODES &lt;RHD> FEBRUARY 1987 SALES INCREASE</TITLE>
+<DATELINE>    ATLANTA, March 3 - </DATELINE><BODY>Rhodes Inc said its February 1987 sales
+were 16,775,000 dlrs, a 12.2 pct increase over Feb 1986 sales
+of 14,954,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17867" NEWID="1449">
+<DATE> 4-MAR-1987 09:56:01.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0253&#31;reute
+d f BC-MOLECULAR-GENETICS-IN   03-04 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOLECULAR GENETICS INC &lt;MOGN> 4TH QTR LOSS</TITLE>
+<DATELINE>    MINNETONKA, Minn., March 4 -
+    </DATELINE><BODY>Oper shr loss 22 cts vs loss 13 cts
+    Oper net loss 1,712,916 vs loss 769,539
+    Revs 2,292,972 vs 2,157,895
+    Avg shrs 7,961,602 vs 6,200,293
+    Year
+    Oper shr loss 53 cts vs loss 45 cts
+    Oper net loss 3,562,151 vs 2,543,366
+    Revs 9,117,311 vs 8,251,136
+    Avg shrs 7,169,871 vs 6,186,51
+    NOTE: Current year net both periods excludes charge 430,649
+dlrs from cumulative effect of accounting change for patents.
+    1986 net both periods includes charge of about 458,000 dlrs
+from severance obligations.
+    1986 year net includes charge 156,000 dlrs from writeoff of
+seed commitments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17868" NEWID="1450">
+<DATE> 4-MAR-1987 09:56:16.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0255&#31;reute
+r f BC-CYPRESS-SEMICONDUCTOR   03-04 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYPRESS SEMICONDUCTOR &lt;CYPR> SHARES OFFERED</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Lead underwriters Morgan Stanley Group
+Inc &lt;MS> and Robertson, Colman and Stephens said an offering of
+4,400,000 shares of Cypress Semiconductor Corp is underway at
+11.75 dlrs per share.
+    Underwriters have been granted an option to buy up to
+660,000 more shares to cover overallotments.
+    The company is selling 3,080,000 shares and shareholders
+the rest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17869" NEWID="1451">
+<DATE> 4-MAR-1987 09:56:25.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0256&#31;reute
+r f BC-PAR-PHARMACEUTICAL-&lt;P   03-04 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAR PHARMACEUTICAL &lt;PARP> SEEKS NYSE LISTING</TITLE>
+<DATELINE>    SPRING VALLEY, N.Y., March 4 - </DATELINE><BODY>Par Pharmaceutical Inc said
+it has been cleared by New York Stock Exchange authorities to
+apply for NYSE listing and expected to be listed by April or
+May.
+    The company's stock is now traded on the NASDAQ system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17870" NEWID="1452">
+<DATE> 4-MAR-1987 09:56:30.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0257&#31;reute
+d f BC-MERRIMAC-INDUSTRIES-I   03-04 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRIMAC INDUSTRIES INC &lt;MMAC> 4TH QTR NET</TITLE>
+<DATELINE>    WEST CALDWELL, N.J., March 4 -
+    </DATELINE><BODY>Shr five cts vs 29 cts
+    Net 92,641 vs 466,668
+    Sales 4,448,011 vs 4,122,301
+    Year
+    Shr 34 cts vs 1.16 dlrs
+    Net 553,310 vs 1,864,417
+    Sales 16.3 mln vs 16.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17871" NEWID="1453">
+<DATE> 4-MAR-1987 10:00:44.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>greece</D></PLACES>
+<PEOPLE><D>halikias</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0267&#31;reute
+u f BC-GREECE-PLANS-TO-REDUC   03-04 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREECE PLANS TO REDUCE 1987 FOREIGN BORROWING</TITLE>
+<DATELINE>    ATHENS, March 4 - </DATELINE><BODY>Greece aims to reduce foreign borrowing
+to 1.6 or 1.7 billion dlrs this year from 2.6 billion in 1986,
+and will use some of the funds to make early debt servicing
+payments, the Governor of the Bank of Greece, Dimitris
+Halikias, said.
+    He told reporters this year's borrowing forecast exceeded
+immediate needs, but Greece wanted to take advantage of low
+international interest rates in order to make servicing
+payments at a lower cost.
+    Greece's foreign debts totalled 16.8 billion dlrs at
+end-1986, up from 15.2 billion at end-1985, Halikias said.
+    He said the extra funds available to Greece this year will
+go towards servicing debts falling due after 1990. He did not
+give figures.
+    He said Greece was able to cut borrowing because a two-year
+austerity program it adopted in October, 1985 cut its current
+account deficit to 1.75 billion dlrs last year from a record
+3.3 billion in 1985.
+    Halikias said he was "fairly optimistic" Greece would reach a
+current account deficit target of 1.25 billion dlrs this year.
+    He said domestic demand has fallen, reducing the need for
+imports, while Greek exports are becoming more competitive.
+    Economy Ministry figures show exports rose to 4.9 billion
+dlrs in the first 11 months of 1986 from 4.1 billion in the
+same. 1985 period, while imports dipped to 10.2 billio dlrs
+from 11.4 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17872" NEWID="1454">
+<DATE> 4-MAR-1987 10:00:54.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0268&#31;reute
+f f BC-******U.S.-JAN-FACTOR   03-04 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. JAN FACTORY ORDERS FELL 4.0 PCT, EXCLUDING DEFENCE ORDERS FELL 5.2 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17873" NEWID="1455">
+<DATE> 4-MAR-1987 10:02:58.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0279&#31;reute
+b f BC-/AMERICAN-MOTORS-&lt;AMO   03-04 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MOTORS &lt;AMO> TO RESUME LABOR TALKS</TITLE>
+<DATELINE>    SOUTHFIELD, MICH., March 4 - </DATELINE><BODY>American Motors Corp said it
+is willing to resume negotiations with the United Auto Workers
+as requested by Wisconsin Governor Tommy Thompson.
+    Negotiations began on January 21 on a contract for American
+Motors to build its new ZJ sports Jeep and to assemble Chrysler
+Corp's &lt;C> Omni and Horizon cars at its Wisconsin plant.
+     The Chrysler cars are being phased out of production at
+the company's Belvidere, Ill. plant to make room for another
+car line to be built there.
+    "While we are willing to follow the governor's lead in
+making a final effort to reach an agreement, it must be
+recognized that for the negotiations to be successful, the
+local unions must honor their 1985 commitments," American
+Motors president Joseph Cappy said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17874" NEWID="1456">
+<DATE> 4-MAR-1987 10:04:18.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM
+&#22;&#22;&#1;f0285&#31;reute
+r f BC-b.c.-resources-has   03-04 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>B.C. RESOURCES HAS AGREEMENT ON CREDIT FACILITY</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 4 - </DATELINE><BODY>&lt;British Columbia
+Resources Investment Corp>, earlier reporting higher full year
+operating losses, said it reached agreement in principle with
+five lenders providing for a 360 mln dlr credit facility over a
+four year term.
+    The company said the credit facility is extendable under
+certain circumstances, with annual principal payments of five
+mln dlrs. The agreement is subject to certain lender approvals
+and completion of formal documentation.
+    It earlier reported 1986 losses before extraordinary items
+rose to 26.4 mln dlrs from year-ago 7.2 mln dlrs.
+    B.C. Resources also said dividends on its series 2
+preferred shares and exchangeable preferred shares will remain
+suspended.
+    However, payment will be made on account of the quarterly
+dividend on the exchangeable preferred shares by the company's
+trustee from a deposit account, B.C. Resources said.
+    Sufficient funds should be available to pay full amount of
+the March 31, 1987 dividend to exchangeable preferred
+shareholders, with payment expected in early April to
+shareholders of record March 31, the company said.
+    If future dividends are not declared after the April
+exchangeable preferred quarterly payout, future payment will
+depend on the amount of dividends received from Westcoast
+Transmission Co &lt;WTC>, B.C. Resources said.
+    The company said its increased fourth quarter and full year
+operating losses primarily resulted from lower oil prices and a
+four month labor shutdown at its Balmer coal mine in British
+Columbia.
+    B.C. Resources also recorded a 99.9 mln dlr extraordinary
+loss, which included losses on disposition of North Sea oil and
+gas interests by 67 pct owned &lt;Westar Mining Ltd>.
+    B.C. Resources' 1986 extraordinary charge also included a
+writedown of its investment in Westar Petroleum. Gains on the
+sales of Westar Timber's Skeena and Celgar pulp mills and
+Terrace sawmill partially offset the extraordinary loss, the
+company said.
+    The company said the asset sales have eliminated B.C.
+Resources' long term financing commitment in the North Sea and
+exposure to the fluctuating pulp market.
+    It also said it cut long term debt in 1986 to 900 mln dlrs
+from 1.3 billion dlrs at year-end 1985, and management changes
+and staff cuts have significantly reduced costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17875" NEWID="1457">
+<DATE> 4-MAR-1987 10:04:24.06</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0286&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-04 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 85 MLN STG LATE HELP</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with late assistance of around 85 mln stg.
+    This brings the bank total help so far today to some 87 mln
+stg and compares with its latest forecast of a 250 mln stg
+shortage in the system today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17876" NEWID="1458">
+<DATE> 4-MAR-1987 10:06:25.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0293&#31;reute
+b f BC-******NORTHROP-CORP-D   03-04 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NORTHROP CORP DEFENSE UNIT GETS 469.6 MLN DLRS AIR FORCE CONTRACT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17877" NEWID="1459">
+<DATE> 4-MAR-1987 10:09:15.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0298&#31;reute
+b f BC-/U.S.-FACTORY-ORDERS   03-04 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FACTORY ORDERS FELL 4.0 PCT IN JANUARY</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>New orders for manufactured goods
+fell 8.2 billion dlrs, or 4.0 pct, in January to a seasonally
+adjusted 194.5 billion dlrs, the Commerce Department said.
+    It was the largest one month decrease in orders since a 4.5
+pct drop in May, 1980, the department said.
+    Excluding defense orders, factory orders fell 5.2 pct in
+January after a 4.8 pct December rise.
+    The department revised December factory orders upward to an
+increase of 1.6 pct from 1.2 pct.
+    The new orders decline in January was concentrated in
+durable goods, where orders fell 7.4 billion dlrs, or 6.7 pct,
+to 103 billion dlrs. The department had estimated on February
+26 that January durable goods orders fell 7.5 pct.
+    Orders for non-durables in January fell 700 mln dlrs, or
+0.8 pct, to 91.5 billion dlrs.
+    These figures compared with a December increase in durables
+orders of 1.5 pct and a 1.7 pct rise in non-durables.
+    Defense orders rose 2.2 billion dlrs, or 49.7 pct, in
+January after falling 57.7 pct in December, the department
+said.
+    Orders for non-defense capital goods fell 17 pct in January
+after increasing by 5.7 pct in December.
+    Within major industry categories, orders declines were
+widespread, the department said.
+    Electrical machinery orders fell 19.8 pct, or 3.6 billion
+dlrs, after a 9.5 pct increase in December.
+    Primary metals orders fell 17.7 pct, or 1.9 billion dlrs,
+following a 12.1 pct increase in December.
+    Orders for transportation equipment were down 4.5 pct in
+January after falling 0.6 pct in December.
+    Orders for non-electrical machinery were down 6.1 pct in
+January after falling by 7.1 pct in December.
+    Manufacturers' shipments fell 3.8 pct, or 7.8 billion dlrs,
+to a total 196.7 billion dlrs. The department said it was the
+largest one month fall in shipments since a 5.1 pct drop in
+December, 1974.
+    Unfilled orders fell 0.6 pct, or 2.2 billion dlrs, to a
+total 363 billion dlrs.
+    Factory inventories in January rose 0.5 pct, or 1.5 billion
+dlrs, to 277.0 billion dlrs, only the second rise since July
+and concentrated in finished goods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17878" NEWID="1460">
+<DATE> 4-MAR-1987 10:09:34.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0300&#31;reute
+r f BC-CML-GROUP-INC-&lt;CMLI>   03-04 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CML GROUP INC &lt;CMLI> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    ACTON, Mass., March 4 -
+    </DATELINE><BODY>Shr 72 cts vs 58 cts
+    Net 4,791,000 vs 3,803,000
+    Sales 83.0 mln vs 72.0 mln
+    Avg shrs 6,668,309 vs 6,545,722
+    1st half
+    Shr 88 cts vs 70 cts
+    Net 5,872,000 vs 4,614,000
+    Sales 141.6 mln vs 121.8 mln
+    Avg shrs 6,669,488 vs 6,525,051
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17879" NEWID="1461">
+<DATE> 4-MAR-1987 10:10:01.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0302&#31;reute
+r f BC-DRESS-BARN-INC-&lt;DBRN>   03-04 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRESS BARN INC &lt;DBRN> 2ND QTR JAN 24 NET</TITLE>
+<DATELINE>    STAMFORD, Conn., March 4 -
+    </DATELINE><BODY>Shr 30 cts vs 21 cts
+    Net 3,358,000 vs 2,276,000
+    Sales 43.3 mln vs 33.5 mln
+    1st half
+    Shr 60 cts vs 42 cts
+    Net 6,654,000 vs 4,638,000
+    Sales 86.6 mln vs 66.4 mln
+    NOTE: Share adjusted for three-for-two stock split in May
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17880" NEWID="1462">
+<DATE> 4-MAR-1987 10:10:36.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0305&#31;reute
+b f BC-******TANDY-CORP-FEBR   03-04 0006</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TANDY CORP FEBRUARY SALES UP 12 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17881" NEWID="1463">
+<DATE> 4-MAR-1987 10:15:07.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0319&#31;reute
+b f BC-OCCIDENTAL-&lt;OXY>-SELL   03-04 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> SELLS 33 MLN COMMON SHARES</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Occidental Petroleum Corp said the size
+of its underwritten offering of common stock was increased to
+33 mln shares from the proposed 30 mln.
+    The company said the offering is being made at 30.50 dlrs a
+share. It was underwritten by Drexel Burnham Lambert Inc,
+Kidder Peabody and Co, and Salomon Inc.
+    Occidental will use the proceeds to reduce its debt. The
+company had 165 mln shares outstanding prior to the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17882" NEWID="1464">
+<DATE> 4-MAR-1987 10:15:31.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0321&#31;reute
+r f BC-canadian-home-shop   03-04 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN HOME SHOPPING SALES ABOVE EXPECTATIONS</TITLE>
+<DATELINE>    TORONTO, March 4 - </DATELINE><BODY>&lt;Canadian Home Shopping Network Ltd>
+said sales of 1,149,339 dlrs from the first six weeks of
+operation by its cable television shop at home service were
+above the company's expectations by a significant margin.
+    The company said it signed up 14,619 members during the
+period and the average purchase per member in February was
+56.99 dlrs.
+    Subscriber penetration rose to 1.7 mln households from 1.5
+mln households, it said.
+    The company began broadcasting its service to more than 100
+cablesystems across Canada on January 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17883" NEWID="1465">
+<DATE> 4-MAR-1987 10:16:02.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0323&#31;reute
+u f BC-TENNECO-&lt;TGT>-TO-REDE   03-04 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENNECO &lt;TGT> TO REDEEM 11 DLR PREFERRED</TITLE>
+<DATELINE>    HOUSTON, March 4 - </DATELINE><BODY>Tenneco Inc said it will redeem all of
+its outstanding 11.00 dlr cumulative preference stock on April
+eight at 102.24 dlrs a share including accrued dividends.
+    It said 2,515,400 shares of the stock will be redeemed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17884" NEWID="1466">
+<DATE> 4-MAR-1987 10:16:28.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0325&#31;reute
+u f BC-WILLIAMS-&lt;WMB>-HAS-4T   03-04 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIAMS &lt;WMB> HAS 4TH QTR CHARGE</TITLE>
+<DATELINE>    TULSA, March 4 - </DATELINE><BODY>Williams Cos said a fourth quarter charge
+of 250 mln dlrs from discontinued operations and writedowns
+contributed to a 1986 net loss of 240 mln dlrs or 6.97 dlrs a
+share against earnings of 31.6 mln dlrs or 92 cts in 1985.
+    The loss in the quarter was 232.3 mln dlrs or 6.75 dlrs
+against income of 10.7 mln dlrs or 31 cts a year ago. Revenues
+in the quarter fell to 521.1 mln dlrs from 716.9 mln and in the
+year fell to 1.9 billion dlrs from 2.5 billion in 1985.
+    Williams also said the previously announced sale of its
+Agrico Chemical Co unit to Freeport-Mcmoran Resource Partners
+Ltd has cleared antitrust review and should close next week.
+    The 1987 first quarter will include proceeds from the
+Agrico sale, for 250 mln dlrs cash at closing plus deferred
+payments, and proceeds of 320 mln dlrs from the sale of a stake
+in Peabody Holding Co, completed in January.
+    In the 1986 first quarter, Williams reported net of 14.2
+mln dlrs or 41 cts a share on sales of 796.4 mln dlrs.
+    Williams said the charges in the current year were related
+to an ongoing restructuring. The company said the restructuring
+moves had improved its balance sheet and improved the outlook
+for future stability and growth in earnings.
+    Operating profit at the company's Northwest Pipeline Corp
+unit fell 4.5 pct to 150 mln dlrs from lower sales. The
+Williams Natural Gas unit had operating profit of 50.5 mln dlrs
+compared to 90.9 mln dlrs on lower sales volumes.
+    Profit at Williams Gas Marketing rose to 26 mln dlrs from
+about 22 mln and the William Pipe Line Co had operating profit
+of 49.4 mln dlrs versus 63.6 mln dlrs a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17885" NEWID="1467">
+<DATE> 4-MAR-1987 10:16:31.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0326&#31;reute
+u f BC-PERRY-DRUG-STORES-INC   03-04 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERRY DRUG STORES INC &lt;PDS> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    PONTIAC, Mich., March 4 -
+    </DATELINE><BODY>Shr 13 cts vs 37 cts
+    Net 1,300,000 vs 3,700,000
+    Sales 189 mln vs 163 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17886" NEWID="1468">
+<DATE> 4-MAR-1987 10:17:03.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0329&#31;reute
+b f BC-VNESHTORGBANK-SEEKS-2   03-04 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VNESHTORGBANK SEEKS 200 MLN DLR LOAN</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>Vneshtorgbank, the Soviet foreign trade
+bank, is seeking a 200 mln dlr, eight-year multi-currency
+syndicated loan, First Chicago Ltd said as arranger and sole
+mandated bank.
+    The loan will pay 1/8 point over London Interbank Offered
+Rates (LIBOR) throughout the whole of its life. It will be
+repayable in semi-annual instalments starting after six years.
+    No further details were immediately available.
+    First Chicago later said that lead managers participating
+in the syndicated loan would receive a flat fee of 35 basis
+points.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17887" NEWID="1469">
+<DATE> 4-MAR-1987 10:17:13.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0331&#31;reute
+u f BC-/NWA-INC-&lt;NWA>-4TH-QT   03-04 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NWA INC &lt;NWA> 4TH QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 4 -
+    </DATELINE><BODY>Shr profit 45 cts vs loss nine cts
+    Net profit 9.8 mln vs loss two mln
+    Revs 1.15 billion vs 631.2 mln
+    Year
+    Shr profit 3.26 dlrs vs profit 3.18 dlrs
+    Net profit 76.9 mln vs profit 73.1 mln
+    Revs 3.59 billion vs 2.66 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17888" NEWID="1470">
+<DATE> 4-MAR-1987 10:18:25.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0337&#31;reute
+d f BC-EASTERN-&lt;EML>-ACQUIRE   03-04 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTERN &lt;EML> ACQUIRES EMHART &lt;EMH> PRODUCT LINE</TITLE>
+<DATELINE>    NAUGATUK, Conn., March 4 - </DATELINE><BODY>Eastern Co said it purchased the
+tooling, equipment and inventory used to produce the Corbin
+Cabinet Lock product line from Emhart Corp for undisclosed
+terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17889" NEWID="1471">
+<DATE> 4-MAR-1987 10:19:26.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0340&#31;reute
+s f BC-CAMCO-INC-&lt;CAM>-SETS   03-04 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMCO INC &lt;CAM> SETS QUARTERLY</TITLE>
+<DATELINE>    HOUSTON, March 4 -
+    </DATELINE><BODY>Qtly div 11 cts vs 11 cts prior
+    Pay April 14
+    Record March 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17890" NEWID="1472">
+<DATE> 4-MAR-1987 10:19:55.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0342&#31;reute
+u f BC-VENEZUELA-SETS-FOREIG   03-04 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA SETS FOREIGN DEBT TARGETS</TITLE>
+<DATELINE>    CARACAS, March 4 - </DATELINE><BODY>Venezuela plans to have a public sector
+foreign debt of 26.5 billion dlrs by early 1989 when the
+present government of President Jaime Lusinchi ends its term,
+public finances director Jorge Marcano said.
+    He said the target, which compares with around 24.5 billion
+dlrs now and 29 billion at end 1983, is considered a manageable
+amount which will assist in development plans.
+    The government last week reached agreement with its 13-bank
+advisory committee to reprogramme its 12-1/2 year rescheduling
+accord over 14 years with the interest margin lowered to 7/8
+pct over London Interbank Offered Rate (Libor) from 1-1/8 pct.
+    In an interview with El Universal newspaper, Marcano said
+he thought U.S. Government pressure on banks had more to do
+with the unexpectedly speedy agreement than Brazil's decision
+to suspend interest payments.
+    "I think what speeded an agreement was the attitude of the
+U.S. Government, which urged several major banks to soften
+their position in various debt renegotiations. The Brazil
+announcement came later," he said.
+    Bankers noted Citibank had held up an agreement with Chile,
+objecting to proposals for delayed interest payments. A pact
+with Chile, with a one pct spread, came a day before
+Venezuela's.
+    Marcano said a telex sent to Venezuela's 450 creditors
+seeks support for the government's foreign borrowing plans,
+which are aimed at aluminium, steel and iron ore projects. "We
+cannot rule out a trip to financial centres to explain the new
+agreement and present the financing programmes we have," he
+said, adding he hoped to restore credit ratings of the 1970s.
+    Lusinchi said on Monday the government will limit foreign
+borrowing, which would come from banks and multilateral
+agencies, to 50 pct of interest and principal paid in the next
+two years. According to the restructured accord, this would
+work out at around 2.5 billion dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17891" NEWID="1473">
+<DATE> 4-MAR-1987 10:22:28.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0353&#31;reute
+r f BC-POPE-AND-TALBOT-&lt;POP>   03-04 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POPE AND TALBOT &lt;POP> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Pope and Talbot Inc is raising 40 mln
+dlrs via an offering of convertible subordinated debentures due
+2012 with a six pct coupon and par pricing, said sole manager
+Bear, Stearns and Co.
+    The debentures are convertible into the company's common
+stock at 51.875 dlrs per share, representing a premium of 25
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the debentures are rated Ba-3
+by Moody's and BB-minus by S and P. The issue was increased
+from an initial offering of 35 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17892" NEWID="1474">
+<DATE> 4-MAR-1987 10:22:35.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0354&#31;reute
+b f BC-DNC-UNIT-ISSUES-19-BI   03-04 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DNC UNIT ISSUES 19 BILLION ZERO COUPON YEN BOND</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>DNC International Finance A/S is issuing
+a 19 billion yen, zero coupon eurobond due March 17, 1992 and
+priced at 80.9 pct, lead manager Daiwa Europe Ltd said.
+    The bond is guaranteed by Den norske Creditbank and is
+available in denominations of one mln yen. It will be listed in
+Luxembourg. Payment date is March 17.
+    Fees comprise one pct selling concession with 55 basis
+points for management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17893" NEWID="1475">
+<DATE> 4-MAR-1987 10:24:00.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0359&#31;reute
+b f BC-HAMBURGISCHE-L/B-ISSU   03-04 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAMBURGISCHE L/B ISSUES AUSTRALIAN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>Hamburgische Landesbank Girozentrale is
+issuing a 50 mln Australian dlr eurobond due April 2, 1991
+paying 15 pct and priced at 101-1/2 pct, lead manager Orion
+Royal Bank Ltd said.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 Australian dlrs and will be listed in
+Luxembourg. The selling concession is 1-1/8 pct while
+management and underwriting combined pays 5/8 pct.
+    The payment date is April 2.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17894" NEWID="1476">
+<DATE> 4-MAR-1987 10:26:46.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0362&#31;reute
+u f BC-GERMAN-ENGINEERS-WILL   03-04 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN ENGINEERS WILL HOLD WARNING STRIKES MARCH 9</TITLE>
+<DATELINE>    FRANKFURT, March 4 - </DATELINE><BODY>West German engineering union IG
+Metall will hold nationwide warning strikes on March 9, to
+press demands for a 35-hour week and a five pct wage increase,
+a union spokeswoman said.
+    Further details of the time and place of the strikes will
+be given at a press conference on the same day, she added.
+    In mid-February, IG Metall chairman Franz Steinkuehler
+called for the strikes after 35 unsuccessful rounds of talks.
+    IG Metall shut down the entire auto industry for seven
+weeks in summer 1984 to press employers to cut the working week
+to 35 hours from 40. A compromise of 38.5 hours was agreed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17895" NEWID="1477">
+<DATE> 4-MAR-1987 10:29:46.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0367&#31;reute
+u f BC-SENATE'S-PROXMIRE-URG   03-04 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE'S PROXMIRE URGES CURBS ON TAKEOVERS</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Senate Banking Committee chairman
+William Proxmire called for curbs of hostile corporate
+takeovers and new restrictions on risk arbitrageurs.
+    "At the very least, it is high time that we require all risk
+arbitrageurs to register seperately and specifically  with the
+Securities and Exchange Commission and that we consider
+precluding brokerage firms and their employers from investing
+in, or owning any securities issued by, third party risk
+arbitrage operations," Proxmire said at the start of a hearing
+on corporate takeovers.
+    "A burning issue must be whether there ought to be a
+complete seperation in the future of risk arbitrage and
+investment banking," Proxmire said.
+    He said he was concerned that hostile takeover attempts
+were hurting the economy, a view shared by corporate executives
+who tesitified at the hearing. "I believe that takeovers have
+become so abusive and so tilted in favor of the financial
+buccaneers that remedial action is required," USX Corp chairman
+David Roderick said. "For Congress to allow the takeover game to
+continue unchecked, would be economic suicide," Champion
+International Corp chairman Andrew Sigler added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17896" NEWID="1478">
+<DATE> 4-MAR-1987 10:30:27.85</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0369&#31;reute
+u f BC-SPAIN-TO-LAUNCH-EXPOR   03-04 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN TO LAUNCH EXPORT DRIVE</TITLE>
+<DATELINE>    MADRID, March 4 - </DATELINE><BODY>Spain unveils a 105 billion peseta plan
+this month aimed at boosting exports to reach European
+Community levels, director-general of the INFE export
+institute, Apolonio Ruiz Ligero, said.
+    "The target is to raise exports to 20 pct of Gross Domestic
+Product over the next four years compared to 15 pct now," he
+said.
+     "This is the minimum prevailing level in the EC and there
+is no reason why we should lag behind countries like Italy,
+which have a similar productive structure," he said.
+    The plan calls for providing soft loans, tax cuts and other
+fiscal benefits to exporters and raising Spain's presence in
+international trade fairs.
+    Consumer goods such as fashion and wine, as well as
+traditional industrial exports will be promoted.
+    Ruiz Ligero said INFE would double its annual budget to 20
+billion pesetas to finance the four-year plan, while the
+government's development aid fund (FAD) would provide a special
+25 billion peseta grant.
+    The plan calls for boosting exports by five to six pct in
+real terms this year after a 7.4 pct decline last year.
+    Ruiz Ligero attributed this drop to a lack of demand in
+developing countries and a rally in domestic consumer demand,
+which rose six pct last year after 1.9 pct in 1985.
+    He added that 80 pct of Spain's exports went to
+Organisation for Economic Cooperation and Development (OECD)
+countries.
+    The EC accounts for 60 pct of the market and exports to the
+Community rose seven pct last year. The government plans to
+concentrate efforts on Western Europe and the U.S.
+    "The problem is convincing businessmen that exports are
+vital to survival in the context of EC competition," he said.
+    He said Spanish businessmen traditionally turned to the
+domestic market to satisfy rises in consumer demand, while
+turning their backs on foreign markets.
+    "They have to realise their share of the home market is
+going to shrink with growing deregulation," he said. "Foreign
+companies are taking up positions in the domestic economy and
+it is it vital to secure a market share abroad."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17897" NEWID="1479">
+<DATE> 4-MAR-1987 10:34:59.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0394&#31;reute
+r f BC-MORGAN-KEEGAN-&lt;MOR>-S   03-04 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN KEEGAN &lt;MOR> SHARE OFFER UNDERWAY</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 4 - </DATELINE><BODY>Morgan Keegan Inc said an
+offering of one common of its common shares is underway at
+15.25 dlrs per share through underwriters led by First Boston
+Inc &lt;FBC>, A.G. Edwards and Sons Inc &lt;AGE> and its own Morgan
+Keegan and Co Inc subsidiary.
+    Underwriters have been granted an option to buy up to
+150,000 more shares to cover overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17898" NEWID="1480">
+<DATE> 4-MAR-1987 10:35:16.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0395&#31;reute
+d f BC-ROSSIGNOL-UNIT-BUYS-C   03-04 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSSIGNOL UNIT BUYS CANADIAN SKI BOOT MAKER</TITLE>
+<DATELINE>    PARIS, March 4 - </DATELINE><BODY>French ski and tennis equipment maker
+&lt;Skis Rossignol> said its 97.7-pct owned subsidiary &lt;Skis
+Dynastar SA> agreed to buy Canadian ski stick and boot
+manufacturer &lt;CFAS> from &lt;Warrington Inc>.
+    A Rossignol spokesman declined to give financial details
+but said turnover of CFAS was about 100 mln French francs,
+doubling the Rossignol group's activities in the boot and stick
+sectors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17899" NEWID="1481">
+<DATE> 4-MAR-1987 10:36:51.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0403&#31;reute
+u f BC-VOLKSWAGEN-LATE-FEBRU   03-04 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLKSWAGEN LATE FEBRUARY U.S. SALES OFF 42.5 PCT</TITLE>
+<DATELINE>    TROY, Mich., March 4 - </DATELINE><BODY>Volkswagen U.S. Inc, a subsidiary of
+Volkswagen AG &lt;VOWG.F>, said car sales for the February 21 to
+28 period fell 42.5 pct to 1,572 from 2,734 cars in the same
+period last year.
+    There were seven selling days in each period.
+    For the month of February, Volkswagen said sales were off
+35.2 pct to 3,808 from 5,873 cars in the same month last year.
+    For the year-to-date, U.S. cars sales dropped 45.7 pct to
+6,627 from 12,194 cars in the comparable period of 1986,
+Volkswagen said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17900" NEWID="1482">
+<DATE> 4-MAR-1987 10:37:03.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0404&#31;reute
+r f BC-COMMISSION-REPORT-WAR   03-04 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMISSION REPORT WARNS ON EC FINANCING</TITLE>
+<DATELINE>    BRUSSELS, March 4 - </DATELINE><BODY>The European Community is close to
+bankruptcy, the EC's Executive Commission said in a report.
+    In its bluntest ever warning about the state of EC
+finances, it said "The Community is at present faced with a
+budgetary situation which can only be characterised as being on
+the brink of bankruptcy."
+    The report, dated Saturday, is meant to set the scene for a
+major change in the way the EC is financed, which foreign
+ministers are due to start debating next month.
+    The Commission blamed the EC's new cash crisis on the
+"considerable reluctance" of governments to pay for decisions
+they themselves have taken.
+    "Budgetary practices have emerged which fictitiously
+disguise the real impact of expenditure decisions," it said.
+Adding that such practices were unacceptable.
+    It put the EC's accumulated liabilities at the end of last
+year at 12.2 billion European Currency Units and estimated
+these would rise by a further five billion Ecus this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17901" NEWID="1483">
+<DATE> 4-MAR-1987 10:38:23.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0410&#31;reute
+u f BC-USF-AND-G-CORP-&lt;FG>-R   03-04 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USF AND G CORP &lt;FG> RAISES QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    BALTIMORE, Md., March 4 -
+    </DATELINE><BODY>Qtly div 62 cts vs 58 cts in the prior quarter
+    Payable April 30
+    Record March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17902" NEWID="1484">
+<DATE> 4-MAR-1987 10:38:50.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0414&#31;reute
+u f BC-TANDY-&lt;TAN>-FEBRUARY   03-04 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDY &lt;TAN> FEBRUARY SALES UP 12 PCT</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 4 - </DATELINE><BODY>Tandy Corp said February sales
+and operating revenues were up 12 pct to 244.4 mln dlrs from
+218.1 mln dlrs a year before.
+    It said sales and revenues of U.S. retail operations were
+up 15 pct to 210.7 mln dlrs from 183.6 mln dlrs a year before
+and sales of U.S. retail stores in existence for more than one
+year were up 13 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17903" NEWID="1485">
+<DATE> 4-MAR-1987 10:39:22.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0418&#31;reute
+r f BC-OHIO-MATTRESS-&lt;OMT>-T   03-04 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OHIO MATTRESS &lt;OMT> TO SELL CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Ohio Mattress Co said it filed with the
+Securities and Exchange Commission registration statements
+covering a 75 mln dlr issue of convertible subordinated
+debentures due 2012 and an offering of four mln shares of
+common stock.
+    Proceeds will be used to reduce floating-rate bank debt
+incurred in connection with the acquisition of 82 pct of Sealy
+Inc through the purchase of seven Sealy licensees in December
+1986 for 262 mln dlrs in cash, Ohio Mattress said.
+    The company named Lazard Freres and Co as lead underwriter
+of the offerings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17904" NEWID="1486">
+<DATE> 4-MAR-1987 10:39:30.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0419&#31;reute
+r f BC-MOODY'S-UPGRADES-GE-&lt;   03-04 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S UPGRADES GE &lt;GE> MORTGAGE INSURANCE UNIT</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Moody's Investors Service Inc said it
+upgraded to Aaa from Aa-1 the insurance rating of General
+Electric Mortgage Insurance Co of Ohio, a unit of General
+Electric Co.
+    Moody's said this reflected the strengthening of terms in a
+revised net worth agreement between GEMICO and its immediate
+parent, General Electric Credit Corp, whose long-term unsecured
+debt is also a top-flight Aaa.
+    However, the rating agency said the agreement does not
+benefit other GEMICO affiliates in California, Florida and
+North Carolina.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17905" NEWID="1487">
+<DATE> 4-MAR-1987 10:39:38.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0421&#31;reute
+f f BC-U.K.-one-billion-stg   03-04 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> U.K. One billion stg nine pct bond issue due 2002 exhausted - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17906" NEWID="1488">
+<DATE> 4-MAR-1987 10:39:45.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0422&#31;reute
+r f BC-&lt;BRNF-LIQUIDATING-TRU   03-04 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BRNF LIQUIDATING TRUST> SETS DISTRIBUTIONS</TITLE>
+<DATELINE>    WILMINGTON, Del., March 4 - </DATELINE><BODY>BRNF Liquidating Trust said
+trustees declared a 13th liquidating dividend of 1.10 dlrs per
+unit, payable April One to holders of record of its Series A, B
+and C certificates on March 18.
+    The trust had paid a 12th liquidating distribution on
+January 15 amounting to 1.750 dlrs on Series A, 1.815 dlrs on
+Series B and 1.765 dlrs on Series C certificates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17907" NEWID="1489">
+<DATE> 4-MAR-1987 10:39:55.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0424&#31;reute
+d f BC-EA-ENGINEERING-&lt;EACO>   03-04 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EA ENGINEERING &lt;EACO> HAS AIR FORCE CONTRACT</TITLE>
+<DATELINE>    BALTIMORE, Md., March 4 - </DATELINE><BODY>EA Engineering Science and
+Technology Inc said it was awarded a four-year task order
+contract by the U.S. Airfaorce to provide technical services
+under its Installation Restoration Program.
+    The company said the contract has a potential value of 9.5
+mln dlrs. EA will assess the feasibility of cleaning up
+hazardous waste sites at selected Air Force installations
+across the country and design remedial strategies for each site.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17908" NEWID="1490">
+<DATE> 4-MAR-1987 10:40:06.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0425&#31;reute
+d f BC-NATRIONAL-HEALTHCORP   03-04 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATRIONAL HEALTHCORP &lt;NHC> EXPANDING CENTERS</TITLE>
+<DATELINE>    MURFREESBORO, Tenn., March 4 - </DATELINE><BODY>National HealthCorp LP said
+it has started adding 46 beds for its Greenwood Health Care
+Center in Greenwood, S.C., and plans to add 10 beds to its
+Springfield Health Care Center in Springfield, Tenn.
+    The company said it has opened Colonial Hill Retirement
+Apartments adjacent to its Colonial Hill Health Care Center in
+Johnson City, Tenn., and has completely remodeled National
+Health Care Center in Lawrenceburg, Tenn.
+    It said it is acquiring the title to that center, which had
+been owned by Lawrence County Lions Club and called Lions
+Nursing Home.
+    National said the projects will cost a total of about
+3,500,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17909" NEWID="1491">
+<DATE> 4-MAR-1987 10:40:23.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0427&#31;reute
+d f BC-DIGITAL-EQUIPMENT-&lt;DE   03-04 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL EQUIPMENT &lt;DEC> SEEKS COST EFFECTIVENESS</TITLE>
+<DATELINE>    MARLBOROUGH, Mass., March 4 - </DATELINE><BODY>Digital Equipment said it is
+taking several initiatives designed to make it easier and more
+cost effecive for customers to purchase and use its products
+and services.
+    The company also said it is introducing three new mid-range
+VAX systems.
+    Digital stated the moves "further strengthened its
+leadership position in the computer industry."
+    The company said it also adjusted prices acrossall product
+lines to more accurately reflect performance and customer value.
+    Digital said the new products -- the VAX 8250, VAX 8350 and
+VZX 8530 systems -- replace earlier models and provide up to 40
+pct increased performance.
+    It said the new "systems reflect Digital's ability to
+sustain its present leadership in integrated, networked
+systems."
+    Effective today, the company said, it is adopting new
+business practices to remain responsive to the needs of
+customers and the rapidly changing marketplace, specifically
+the trend towards distributed, networked operations.
+    Digital said it is instituting a discount structure based
+on total enterprise purchase of hardware and software.
+Purchases for resale are included within this simplified
+Discount structure.
+    The company said it now has a one-year warranty on all
+hardware, including VAX and PDP systems, all options and
+peripherals. In addition, customers can select to extend their
+hardware warranties up to three years at the time of purchase.
+    Digital said its new software licensing policy simplifies
+the transfer of software within a company and includes
+rellicensing procedures for used equipment.
+    Digital said it has instituted uniform quantity pricing on
+all product list prices with increases to reflect full system
+value on high functionality systems and software.
+    Without providing any details, it also said the are price
+reductions of up to 50 pct on selected memories and disks.
+    "Based on the analysis of product mix, price adjustments
+will generally result in minimal net impact in costs in a
+typical user enterprise," it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17910" NEWID="1492">
+<DATE> 4-MAR-1987 10:40:35.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0430&#31;reute
+d f BC-STANLINE-INC-&lt;STAN>-1   03-04 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANLINE INC &lt;STAN> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    NORWALK, Conn., March 4 -
+    </DATELINE><BODY>Shr 20 cts vs 15 cts
+    Net 345,970 vs 257,252
+    Revs 14.0 mln vs 13.4 mln
+    NOTE: Share adjusted for five pct stock dividend in
+December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17911" NEWID="1493">
+<DATE> 4-MAR-1987 10:40:41.91</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0431&#31;reute
+d f BC-DOW-CHEMICAL-CO-&lt;DOW>   03-04 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW CHEMICAL CO &lt;DOW> UNIT INCREASES PRICES</TITLE>
+<DATELINE>    MIDLAND, Mich., March 4 - </DATELINE><BODY>The Dow Chemical Co said its
+Engineering Thermoplastics Department will increase the selling
+prices of standard grades of MAGNUM ABS resins by three cts per
+pound.
+    It also announced an increase of five cts per pound for
+performance grades of the resins.
+    Both increases are effective April 1, 1987.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17912" NEWID="1494">
+<DATE> 4-MAR-1987 10:40:45.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0432&#31;reute
+d f BC-SWIFT-ENERGY-CO-&lt;SFY>   03-04 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWIFT ENERGY CO &lt;SFY> 4TH QTR NET</TITLE>
+<DATELINE>    HOUSTON, March 4 -
+    </DATELINE><BODY>Shr 12 cts vs eight cts
+    Net 485,866 vs 316,193
+    Revs 1,741,508 vs 1,440,154
+    Year
+    Shr 28 cts vs 20 cts
+    Net 1,108,314 vs 778,197
+    Revs 5,073,178 vs 3,687,160
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17913" NEWID="1495">
+<DATE> 4-MAR-1987 10:41:01.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0434&#31;reute
+u f BC-NORTHROP-&lt;NOC>-GETS-4   03-04 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHROP &lt;NOC> GETS 469.6 MLN DLRS CONTRACT</TITLE>
+<DATELINE>   ROLLING MEADOWS, Ill., March 4 - </DATELINE><BODY>Northrop Corp said its
+defense systems division based here, has been awarded
+production and development contracts totaling 469.6 mln dlrs to
+update the radar-jamming system on the U.S. Air Force's F-15
+Eagle frontline tactical fighter.
+    Work, under a 333 mln dlrs production contract for a major
+system update of the AN/ALQ-135 internal countermeasure set, is
+expected to be completed in April 1990, it said.
+    A separate 136.6 mln dlrs contract for full scale
+development, test equipment and program support for the
+AN/ALQ-135 receivers is included in the contract award,
+Northrop said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17914" NEWID="1496">
+<DATE> 4-MAR-1987 10:41:04.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0435&#31;reute
+s f BC-BROWNING-FERRIS-INDUS   03-04 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWNING-FERRIS INDUSTRIES INC &lt;BFI> IN PAYOUT</TITLE>
+<DATELINE>    HOUSTON, March 4 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior
+    Pay April 10
+    Record March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17915" NEWID="1497">
+<DATE> 4-MAR-1987 10:41:31.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0436&#31;reute
+r f BC-BUFFTON-CORP-&lt;BUFF>-B   03-04 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUFFTON CORP &lt;BUFF> BUYS B AND D INSTRUMENTS</TITLE>
+<DATELINE>    FORT WORTH, Tex., March 4 - </DATELINE><BODY>Buffton Corp said it completed
+the purchase of B and D Industruments Inc for two mln dlrs cash
+and 400,000 shares of common stock.
+    It said B and D is a private company headquartered in
+Kansas, and had sales of 4,700,000 dlrs in 1986.
+    Buffton said the company designs and manufactures aviation
+computer display systems and engine instrumentation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17916" NEWID="1498">
+<DATE> 4-MAR-1987 10:42:13.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0441&#31;reute
+r f BC-VEREINS--UND-WESTBANK   03-04 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VEREINS- UND WESTBANK TO REORGANIZE NETWORK</TITLE>
+<DATELINE>    HAMBURG, March 4 - Vereins- </DATELINE><BODY>und Westbank AG &lt;VHBG.F> plans
+to streamline its branch network to improve its distribution of
+financial services, management board member Eberhard-Rainer
+Luckey said.
+    He told a news conference on 1986 results that branches in
+Hamburg and Schleswig-Holstein would be merged or closed, a
+branch in Frankfurt opened and that the bank was considering
+opening a branch in London.
+    Luckey said the bank's total operating profits rose nearly
+29 pct in 1986. Parent bank net profit rose to 47.7 mln from
+42.2 mln and the dividend remained unchanged at 12 marks.
+    The group balance sheet, including for the first time
+VereinWest Overseas Finance (Jersey), rose 9.2 pct to 17.9
+billion marks, Luckey said.
+    The parent bank balance sheet rose 89 mln marks to 13.2
+billion, while business volume was almost unchanged at 14.8
+billion. Credit volume eased to 9.1 billion from 9.2 billion
+while loans to companies rose seven pct.
+    Foreign business and securities trading turnover also
+increased. Higher earnings from trading on the bank's own
+account contributed to record operating profits.
+    Net interest income rose on firmer interest margins by 16.1
+mln marks to 381.6 mln. Net commission income rose 6.6 mln to
+156.7 mln, Luckey said.
+    Foreign commercial business was influenced by a fall in
+West German foreign trade but earnings were still satisfactory.
+    The bank's exposure in Latin America was less than two pct
+of its total foreign credit and in Africa less than one pct.
+    The bank continued to sell some of its exposure in 1986,
+and will also continue to stock up risk provisions, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17917" NEWID="1499">
+<DATE> 4-MAR-1987 10:44:58.63</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>south-korea</D><D>taiwan</D><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0457&#31;reute
+u f BC-BALDRIGE-CONCERNED-AB   03-04 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE CONCERNED ABOUT KOREAN/TAIWAN DEFICITS</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Secretary of Commerce Malcolm
+Baldrige expressed concern about the continuing U.S. trade
+deficits with South Korea and Taiwan and said that without an
+adjustment in exchange rates there is little likelihood of
+improvement.
+    Speaking to the President's Export Council, an industry
+advisory group, Baldrige said the trade deficit issue was under
+discussion with those countries.
+    "I feel that unless we see an exchange rate adjustment we
+probably won't be able to see much of a change in the large
+surplus that Taiwan in particular has with us," he said.
+    In a wide-ranging discussion on U.S. trade matters,
+Baldrige also repeated U.S. concern about an attempted takeover
+by Japan's Fujitsu company of Fairchild Computer.
+    He said that the Japanese were resisting allowing U.S.
+companies into the giant computer business while at the same
+time attempting to acquire control of a U.S. company that does
+major computer business in the U.S. market.
+    Lastly, Baldrige said that the United States was hopeful
+that it could complete a free market agreement with Canada by
+the autumn, but said major issues, including acid rain,
+remained unresolved.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17918" NEWID="1500">
+<DATE> 4-MAR-1987 10:45:36.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0463&#31;reute
+d f BC-ALLWASTE-&lt;ALWS>-TO-MA   03-04 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLWASTE &lt;ALWS> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    HOUSTON, March 4 - </DATELINE><BODY>Allwaste Inc said it has agreed in
+principle to acquire an air-moving and related industrial
+services company it did not identify for up to 1,400,000 dlrs
+in common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17919" NEWID="1501">
+<DATE> 4-MAR-1987 10:48:52.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0474&#31;reute
+u f BC-PS-NEW-MEXICO-&lt;PNM>-S   03-04 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PS NEW MEXICO &lt;PNM> STUDIES SYSTEM PARTNERSHIP</TITLE>
+<DATELINE>    ALBUQUERQUE, N.M., March 4 - </DATELINE><BODY>Public Service Co of New
+Mexico said it is evaluating placing its electric distribution
+system in a limited partnership with assets of about 400 mln
+dlrs.
+    The utility said it advised a customer task force this is
+one restructuring alternative being considered for the
+company's electric business.
+    The structure is being evaluated as part of the company's
+overall initiative in response to several goals announced by
+New Mexico Governor Garrey Carruthers, it explained.
+    Public Service New Mexico said a central feature of its
+reorganization concept would be to separate the company's
+electric utility operation into independent generation and
+distribution entities, creating the opportunity for a targeted
+35 mln dlr a year rate decrease.
+    Noting the use of the limited partnership structure by a
+variety of businesses recently, the company said it believes
+"the concept may well have an application in the utility
+business and intend to investigate it fully."
+    The generation company would provide projected power needs
+of the distribution entity under a 30-year "power security
+agreement" which would have a federally regulated rate
+structure, the company said.
+    Public Service New Mexico said the restructuring could
+provide for its gas and water utilities and its non-utility
+companies becoming subsidaries of the proposed holding company
+approved by the company's shareholders in May 1986.
+    This holding company would be the general partner of the
+limited partnership, the company said.
+    The company said its limited partnership concept was
+presented to an ad hoc customer task force convened by Gov.
+Carruthers to review the company's reorganization proposals.
+    It said the reorganization and limited partnership are an
+alternative structure that would  help reduce rates through a
+lower overall cost of capital.
+    Last month the governor said "I have outlined to PNM
+critical goals which I have asked them to cooperate with may
+administration in achieving" adding the goals include immediate
+rate reduction, stabilization of future rates and stimulation
+of business expansion.
+    The company told the task force the new distribution
+company, under the limited partnership alternative or
+otherwise, would continue to be fully regulated by state
+regulators.
+    PNM's proposed generation company would continue to be
+owned by common shareholders through the holding company. Its
+rates would be set by the Federal Energy Regulatory Commission
+which regulates for wholesale electric power sales and
+transmission services. The generation company would have no
+retail customers.
+    PNM said it expects to file a detailed restructuring plan
+with state regulators in the near future, noting approval would
+also be needed by FERC.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17920" NEWID="1502">
+<DATE> 4-MAR-1987 10:49:20.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0477&#31;reute
+u f BC-CASTLE-AND-COOKE-&lt;CKE   03-04 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASTLE AND COOKE &lt;CKE> TAKES FOURTH QTR LOSS</TITLE>
+<DATELINE>    LOS ANGELES, March 4 - </DATELINE><BODY>Castle and Cooke Inc said it would
+take a fourth quarter after-tax loss of 33.9 mln dlrs from the
+previously reported sale of its Flexi-Van container leasing
+business to Itel Corp &lt;ITEL> for about 215 mln dlrs.
+    Earlier, the company reported a loss for the fourth quarter
+ended January 3 of 31.9 mln dlrs, or 76 cts a share, compared
+with a loss of 3.3 mln dlrs, or 21 cts per share, in 1985's
+fourth quarter.
+    For the year, however, the diversified holding company
+reported a net profit of 43.9 mln dlrs, or 56 cts a share,
+versus 46.4 mln dlrs, or 56 cts a share, in 1985.
+    David Murdock, chairman and chief executive officer, said,
+"Both our food business and our real estate operations
+increased their earnings during the year (1986)."
+    But, he added that Flexi-Van's 1986 results were hit by
+depressed daily rental rates for leased equipment caused by
+oversupplies.
+    The company also reported that George Elkas, formerly
+executive vice president,  has been named president and chief
+operating officer of Flexi-Van Corp, while William Burns has
+been named executive vice president of Flexi-Van.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17921" NEWID="1503">
+<DATE> 4-MAR-1987 10:51:09.32</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0482&#31;reute
+b f BC-/-FED-EXPECTED-TO-ADD   03-04 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD TEMPORARY RESERVES</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>The Federal Reserve is expected to
+enter the U.S. Government securities market to add temporary
+reserves, economists said.
+    They expect it to supply the reserves indirectly by
+arranging around 1.5 of customer repurchase agreements.
+    Federal funds, which averaged 6.22 pct yesterday, opened at
+six pct and remained there in early trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17922" NEWID="1504">
+<DATE> 4-MAR-1987 10:51:53.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0486&#31;reute
+r f BC-XEROX-&lt;XRX>-LAUNCHES   03-04 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XEROX &lt;XRX> LAUNCHES MORE POWERFUL SOFTWARE</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Xerox Corp said it is launching in May
+a more powerful version of its Xerox Ventura Publisher desktop
+computer software called Release 1.1. that offers 80 new
+features.
+    It said the new software, used for both long and short
+documents in IBM PCs, includes conversion for Hewlett-Packard
+Soft Fonts and more sophisticated graphics and page layout
+applications.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17923" NEWID="1505">
+<DATE> 4-MAR-1987 10:52:15.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0489&#31;reute
+r f BC-omnibus-computer   03-04 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMNIBUS COMPUTER IN DEFAULT ON LINE OF CREDIT</TITLE>
+<DATELINE>    TORONTO, March 4 - </DATELINE><BODY>&lt;Omnibus Computer Graphics Inc> said it
+is in default of certain credit provisions of its line of
+credit with its Canadian banker, resulting from a working
+capital beficit of eight mln dlrs.
+    The company said it is currently negotiating additional
+financing to alleviate the problem.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17924" NEWID="1506">
+<DATE> 4-MAR-1987 10:52:39.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0492&#31;reute
+r f BC-CONVENIENT-FOOD-MART   03-04 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONVENIENT FOOD MART &lt;CFMI> AGREES TO BUY CHAIN</TITLE>
+<DATELINE>    ROSEMONT, Ill, March 4 - </DATELINE><BODY>Convenient Food Mart Inc said it
+has tentatively agreed to buy all the outstanding stock of
+Plaid Pantries Inc and two associated businesses in Oregon and
+Washington for undisclosed terms.
+    Plaid Pantries owns and operates 161 convenience stores in
+the Portland and Seattle areas. The other business are two
+companies involved in the wholesale distribution of groceries
+and health and beauty aids, it said.
+    Closing is expected by May 15.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17925" NEWID="1507">
+<DATE> 4-MAR-1987 10:53:00.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0493&#31;reute
+r f BC-AFG-INDUSTRIES-&lt;AFG>   03-04 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFG INDUSTRIES &lt;AFG> DEBT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the BB-plus rating on AFG Industries Inc's 185 mln
+dlrs of subordinated debt.
+    S and P said it believed AFG would make acquisitions of
+moderate size in the next few years. AFG's healthy cash flow
+and pro forma cash balances of 169 mln dlrs at September 30,
+1986, should be adequate to fund internal expansion and
+moderate acquisitions.
+    While AFG's participation in a 1.4 billion dlr bid for Lear
+Siegler Inc was aggressive, AFG was mainly interested in Lear's
+profitable auto glass operations, S and P noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17926" NEWID="1508">
+<DATE> 4-MAR-1987 10:53:08.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0494&#31;reute
+f f BC-******WAL-MART-STORES   03-04 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WAL-MART STORES INC 4TH QTR SHR 65 CTS VS 47 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17927" NEWID="1509">
+<DATE> 4-MAR-1987 10:53:46.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0498&#31;reute
+r f BC-HOECHST-CELANESE-NAME   03-04 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOECHST CELANESE NAMES SENIOR OFFICERS</TITLE>
+<DATELINE>    SOMERVILLE, N.J., March 4 - </DATELINE><BODY>&lt;Hoechst Celanese Corp>,
+recently formed from the merger of the Celanese Corp with
+American Hoechst Corp, a unit of &lt;Hoechst AG>, said Juergen
+Dormann, former member of Hoechts AG's management board, has
+been named chairman and chief executive officer of Hoechst
+Celanese.
+    The chemical company also said it named Dieter zur Loye,
+formerly president of American Hoechst, vice chairman, while
+Ernest Drew, former group vice president of Celanese, has been
+named president and chief operating officer.
+    Hoechst Celanese said Richard Clarke, also formerly a group
+vice president of Celanese, has been appointed senior executive
+vice president of the new company, and Harry Benz, former
+executive vice president and chief financial officer of
+American Hoechst, has been named executive vice president and
+chief financial officer.
+    The company also said the former Celanese Corp's fiber
+operations will operate separately as Celanese Fibers Inc, a
+wholly owned unit, pending divestment of certain polyester
+textile fiber assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17928" NEWID="1510">
+<DATE> 4-MAR-1987 10:53:50.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0499&#31;reute
+r f BC-DATA-ARCHITECTS-&lt;DRCH   03-04 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA ARCHITECTS &lt;DRCH> GETS TOKYO BANK CONTRACT </TITLE>
+<DATELINE>    WALTHAM, Mass., March 4 - </DATELINE><BODY>Data Architects Inc said it
+received a contract from the &lt;Bank of Tokyo> to expand the
+installation of its bank electronic support systems at the
+bank.
+    It said the contract exceeds one mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17929" NEWID="1511">
+<DATE> 4-MAR-1987 10:53:55.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0500&#31;reute
+d f BC-GENERAL-DATACOMM-&lt;GDC   03-04 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL DATACOMM &lt;GDC> IN SALE/LEASEBACK DEAL</TITLE>
+<DATELINE>    MIDDLEBURY, Conn., March 4 - </DATELINE><BODY>General DataComm Industries
+Inc said it has agreed to sell for 40 mln dlrs its Network
+Services facility and its corporate facility and lease back the
+facilities.
+    It said it has an option to buy the buildings back at a
+later date.  Proceeds from the financing will be used to reduce
+debt, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17930" NEWID="1512">
+<DATE> 4-MAR-1987 10:55:45.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f0509&#31;reute
+r f BC-MARINE-MIDLAND-&lt;MM>-B   03-04 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARINE MIDLAND &lt;MM> BUYS BROKERAGE ASSETS</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Marine Midland Banks Inc said it has
+acquired the customer account base of New York discount
+brokerage firm Ovest Financial Services Inc for undisclosed
+terms to expand its discount brokerage operations in the
+Northeastern U.S.
+    It said it will combine Ovest's activities with those of
+its Marine Midland Brokerage Service unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17931" NEWID="1513">
+<DATE> 4-MAR-1987 10:59:00.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0516&#31;reute
+b f BC-U.K.-ONE-BILLION-STG   03-04 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. ONE BILLION STG BOND ISSUE EXHAUSTED</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>A one billion stg issue of nine pct
+Exchequer stock due 2002 which became available for trading
+only this morning was exhausted in mid-afternoon trading on the
+U.K. Government bond market, dealers said.
+    The Bank of England said the issue was no longer operating
+as a tap. The issue was announced Monday at a price of 96 stg
+pct and dealers said the Government broker's supplies were sold
+out this afternoon at a partly-paid 20-20/32 stg pct. The bonds
+started trading this morning at 20 stg pct.
+    Dealers noted the market had seen vigorous demand
+throughout the day, prompted mainly by sterling strength.
+    Dealers said that demand had been seen for the tap from
+both domestic and overseas sources, including from Japan and
+the U.S.
+    Although the issue had not been designated as free of tax
+to residents abroad (FOTRA) widespread bullish sentiment for
+the market in general had generated foreign buying.
+    The stock had been regarded as slightly expensive when it
+was announced and dealers said that even first thing this
+morning it had seemed slightly dear in relation to comparable
+existing stocks.
+    However, sterling's continuing firm performance had
+prompted interest in the tap right at the outset.
+    The issue's value had been enhanced by its partly-paid
+structure, which not only enabled investors to defer payment of
+the major part of the price until April 27, but also conferred
+a substantial gearing element.
+    This meant, dealers explained, that investors who bought
+the bonds benefitted fully from price gains registered by the
+market in general, although only 20 stg pct of the total
+purchase price was tied up initially.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17932" NEWID="1514">
+<DATE> 4-MAR-1987 10:59:03.55</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0517&#31;reute
+f f BC-******U.S.-TREASURY-D   03-04 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY DEPUTY ASST SECRETARY BERGER SAYS FURTHER DOLLAR DROP COULD CAUSE INFLATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17933" NEWID="1515">
+<DATE> 4-MAR-1987 10:59:14.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>tanzania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0519&#31;reute
+r f BC-WEST-GERMANY,-TANZANI   03-04 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMANY, TANZANIA AGREE DEBT RESCHEDULING</TITLE>
+<DATELINE>    BONN, March 4 - </DATELINE><BODY>West Germany and Tanzania have signed an
+agreement on rescheduling 145 mln marks worth of commercial
+credits, the Finance Ministry said.
+    Tanzania will now have until April 1, 1997 to pay back the
+credits, some of which had originally fallen due in 1979, a
+ministry statement said.
+    Interest on the credits will be paid at market rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17934" NEWID="1516">
+<DATE> 4-MAR-1987 11:00:23.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0521&#31;reute
+d f BC-COMMISSION-REPORT-WAR   03-04 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMISSION REPORT WARNS ON EC FINANCING</TITLE>
+<DATELINE>    BRUSSELS, March 4 - </DATELINE><BODY>The European Community is close to
+bankruptcy, the EC's Executive Commission said in a report.
+    In its bluntest ever warning about the state of EC
+finances, it said "The Community is at present faced with a
+budgetary situation which can only be characterised as being on
+the brink of bankruptcy."
+    The report, dated Saturday, is meant to set the scene for a
+major change in the way the EC is financed, which foreign
+ministers are due to start debating next month.
+    The Commission blamed the EC's new cash crisis on the
+"considerable reluctance" of governments to pay for decisions
+they themselves have taken.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17935" NEWID="1517">
+<DATE> 4-MAR-1987 11:00:33.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0523&#31;reute
+f f BC-******AMERICAN-MOTORS   03-04 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN MOTORS CORP LATE FEBRUARY CAR SALES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17936" NEWID="1518">
+<DATE> 4-MAR-1987 11:01:17.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0525&#31;reute
+u f BC-WAXMAN-INDUSTRIES-&lt;WA   03-04 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAXMAN INDUSTRIES &lt;WAXM> TO SELL CONVERTIBLES</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Waxman Industries Inc said it filed
+with the Securities and Exchange Commission a registration
+statement covering a 25 mln dlr issue of convertible
+subordinated debentures due 2007.
+    Proceeds will be used to repay short-term indebtedness and
+for general corporate purposes, which may include acquisitions,
+Waxman said.
+    The company named Drexel Burnham Lambert Inc as sole
+underwriter of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17937" NEWID="1519">
+<DATE> 4-MAR-1987 11:03:42.26</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>dominican-republic</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0537&#31;reute
+b f BC-DOMINICAN-REPUBLIC-SE   03-04 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOM REPUBLIC SELLS CZARNIKOW 35,000 TONS SUGAR</TITLE>
+<DATELINE>    ****SANTO DOMINGO, March 4 - </DATELINE><BODY>The Dominican Republic sold
+35,000 long tons of sugar for immediate delivery, with an
+option for 25,000 tons more, to Czarnikow Rionda of New York,
+the state sugar council announced.
+    It was not immediately clear when the sale was made or at
+what price. A council communique said "the sale was made at the
+best prevailing conditions in the world sugar market."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17938" NEWID="1520">
+<DATE> 4-MAR-1987 11:06:06.35</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0547&#31;reute
+u f BC-EC-BACKS-NEW-MOVE-TO   03-04 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC BACKS NEW MOVE TO ENCOURAGE UNLEADED GASOLINE</TITLE>
+<DATELINE>    BRUSSELS, March 4 - </DATELINE><BODY>The EC Executive Commission has backed
+a plan to allow member countries to ban regular leaded gasoline
+in a move designed to encourage use of unleaded fuel.
+    It said in a statement it backed a proposal to allow EC
+states to ban sales of regular grade gasoline containing lead
+at six months notice. The proposal, which needs approval by EC
+ministers, would not force any member state to impose the ban.
+"It's an option, not an obligation," a spokesman said.
+    But the Commission said imposing the ban would encourage
+the use of unleaded fuel, as well as making it easier for gas
+stations by cutting the number of types of gasoline they had to
+stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17939" NEWID="1521">
+<DATE> 4-MAR-1987 11:07:28.74</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0557&#31;reute
+f f BC-******SUN-RAISES-CRUD   03-04 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SUN RAISES CRUDE OIL POSTINGS ONE DLR ACROSS BOARD. WTI NOW 17.00 DLRS/BBL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17940" NEWID="1522">
+<DATE> 4-MAR-1987 11:08:03.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0561&#31;reute
+r f BC-STRONG-POINT-UNIT-TO   03-04 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRONG POINT UNIT TO MARKET PRODUCT IN EUROPE</TITLE>
+<DATELINE>    IRVINE, Calif., March 4 - </DATELINE><BODY>&lt;Strong Point Inc> said its
+Pharmaceutical Technologies Inc subsidiary will market in
+Europe its Immunol-RD nutritional product, designed to protect
+individuals exposed to medium or minimal radiation dosage
+levels.
+    The company said it will market the product in Europe
+because of the radiation exposure from the Chernobyl nucelar
+power accident.
+    The company asserted that the product can offset the
+deleterious effects of radiation, which weakens the immune
+system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17941" NEWID="1523">
+<DATE> 4-MAR-1987 11:08:09.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0562&#31;reute
+r f BC-MICHAELS-STORES-&lt;MKE>   03-04 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICHAELS STORES &lt;MKE> FEBRUARY SALES RISE</TITLE>
+<DATELINE>    IRVING, Texas, March 4 - </DATELINE><BODY>Michaels Stores Inc said February
+sales rose 26.2 pct to 8,049,000 dlrs from 6,380,000 dlrs a
+year before, with same-store sales up 10.6 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17942" NEWID="1524">
+<DATE> 4-MAR-1987 11:08:26.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0565&#31;reute
+r f BC-devtek-corp   03-04 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DEVTEK CORP> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    TORONTO, March 4 -
+    </DATELINE><BODY>Shr 14 cts vs nine cts
+    Net 1,180,000 vs 640,000
+    Revs 25.6 mln vs 20.1 mln
+    Six mths
+    Shr 26 cts vs 12 cts
+    Net 2,103,000 vs 853,000
+    Revs 44.8 mln vs 33.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17943" NEWID="1525">
+<DATE> 4-MAR-1987 11:08:30.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0566&#31;reute
+r f BC-saxton-industries-ltd   03-04 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAXTON INDUSTRIES LTD &lt;SAXIF> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 4 -
+    </DATELINE><BODY>Shr 13 cts vs 41 cts
+    Net 1,079,100 vs 3,535,205
+    Revs 13.6 mln vs 16.2 mln
+    Note: Current results for 16 months after change in fiscal
+year end to December 31 from August 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17944" NEWID="1526">
+<DATE> 4-MAR-1987 11:08:56.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0569&#31;reute
+r f BC-TORONTO-SUN-PLANS-TWO   03-04 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO SUN PLANS TWO-FOR-ONE STOCK SPLIT</TITLE>
+<DATELINE>    TORONTO, March 4 - </DATELINE><BODY>&lt;Toronto Sun Publishing Corp> said it
+planned a two-for-one split of its common shares, subject to
+regulatory approval and approval by shareholders at the April
+21 annual meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17945" NEWID="1527">
+<DATE> 4-MAR-1987 11:08:59.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0570&#31;reute
+d f BC-SERVO-CORP-OF-AMERICA   03-04 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVO CORP OF AMERICA &lt;SCA> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    HICKSVILLE, N.Y., March 4 -
+    </DATELINE><BODY>Shr 43 cts vs 41 cts
+    Net 316,000 vs 298,000
+    Sales 4,857,000 vs 4,543,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17946" NEWID="1528">
+<DATE> 4-MAR-1987 11:09:08.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0571&#31;reute
+d f BC-ELECTRO-NUCLEONICS-IN   03-04 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRO-NUCLEONICS INC &lt;ENUC> 2ND QTR DEC 31</TITLE>
+<DATELINE>    FAIRFIELD, N.J., March 4 -
+    </DATELINE><BODY>Shr loss 1.77 dlrs vs profit 15 cts
+    Net loss 8,036,000 vs profit 576,000
+    Sales 16.2 mln vs 17.2 mln
+    Avg shrs 4,539,437 vs 3,816,580
+    1st half
+    Shr loss 1.96 dlrs vs profit 26 cts
+    Net loss 8,231,000 vs profit 996,000
+    Sales 30.9 mln vs 32.2 mln
+    Avg shrs 4,205,707 vs 3,814,141
+    NOTE: Current half net includes 68,000 dlr tax credit.
+    Current year net both periods includes 6,700,000 dlr
+writedown of inventory of clinical chemistry products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17947" NEWID="1529">
+<DATE> 4-MAR-1987 11:10:02.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0573&#31;reute
+u f BC-WAL-MART-STORES-INC-&lt;   03-04 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAL-MART STORES INC &lt;WMT> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    BENTONVILLE, Ark., March 4 -
+    </DATELINE><BODY>Shr 65 cts vs 47 cts
+    Net 184.3 mln vs 133.1 mln
+    Sales 3.85 billion vs 2.77 billion
+    Year
+    Shr 1.59 dlrs vs 1.16 dlrs
+    Net 450.1 mln vs 327.5 mln
+    Sales 11.91 billion vs 8.45 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17948" NEWID="1530">
+<DATE> 4-MAR-1987 11:10:23.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0574&#31;reute
+f f BC-******FORD-LATE-FEBRU   03-04 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORD LATE FEBRUARY U.S. CAR SALES UP 29.3 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17949" NEWID="1531">
+<DATE> 4-MAR-1987 11:11:17.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0575&#31;reute
+r f BC-MICROPOLIS-&lt;MLIS>-TO   03-04 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROPOLIS &lt;MLIS> TO OFFER CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Micropolis Corp said it filed with the
+Securities and Exchange Commission a registration statement
+covering a 75 mln dlr issue of convertible subordinated
+debentures due 2012.
+    Proceeds will be used for general corporate purposes and
+possible acquisitions, Micropolis said.
+    The company named Kidder, Peabody and Co Inc as lead
+manager, and Robertson, Colman and Stephens as co-manager of
+the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17950" NEWID="1532">
+<DATE> 4-MAR-1987 11:12:03.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0579&#31;reute
+d f BC-&lt;MIRTONE-INTERNATIONA   03-04 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MIRTONE INTERNATIONAL INC> 1ST QTR DEC 31 NET</TITLE>
+<DATELINE>    TORONTO, March 4 -
+    </DATELINE><BODY>Shr two cts vs two cts
+    Net 407,396 vs 376,243
+    Revs 5,341,353 vs 4,292,819
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17951" NEWID="1533">
+<DATE> 4-MAR-1987 11:13:59.36</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0589&#31;reute
+b f BC-/U.S.-TREASURY-AIDE-W   03-04 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY AIDE WARNS ON INFLATION</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Thomas Berger, Deputy Assistant
+Secretary of the Treasury, said that a further drop in the
+exchange value of the dollar could cause prices to go up and
+trigger inflation.
+    He told a meeting of the President's Export Council that
+the Japanese and the Germans have cut their profit margins to
+reflect recent drops in the dollar, so prices have remained
+much the same.
+    But he added that if the dollar dropped further there could
+be inflation in the United States.
+    Berger also said that a further devalued dollar may cause
+economic depressions in some U.S. trading partners, and that
+would not be in America's interest because it would close those
+markets to U.S. goods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17952" NEWID="1534">
+<DATE> 4-MAR-1987 11:17:14.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0593&#31;reute
+r f BC-INDEPENDENT-AIR-&lt;IAIR   03-04 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDEPENDENT AIR &lt;IAIR> IN EXCHANGE FOR WARRANTS</TITLE>
+<DATELINE>    ATLANTA, March 4 - </DATELINE><BODY>Independent Air Holdings Inc said it is
+planning an exchange offer for its Class A warrants, which
+expire April 11.
+    The company said for 30 days after the effective date of
+the registration statement covering the offer, it would
+exchange 100 dlrs principal amount of 12 pct convertible
+subordinated notes due 1991 plus 300 common shares for each 800
+warrants plus 145 dlrs.
+    It said interest on the notes would be payable annually in
+cash or common stock at the company's option, and the principal
+would also be payable in cash or stock at maturity.
+    The company said if the note principal were paid in stock,
+a noteholder would receive 625 common shares for each 100 dlrs
+principal amount.  It said the notes would be convertible into
+common stock at 16 cts per share after one year and redeemable
+in whole or in part at the company's option after two years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17953" NEWID="1535">
+<DATE> 4-MAR-1987 11:19:12.42</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0603&#31;reute
+r f BC-LEAF-DISEASE-HITS-SRI   03-04 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEAF DISEASE HITS SRI LANKA RUBBER</TITLE>
+<AUTHOR>    By Feizal Samath, Reuters</AUTHOR>
+<DATELINE>    COLOMBO, March 4 - </DATELINE><BODY>A leaf disease affecting seven pct of
+Sri Lanka's rubber plantations may reduce output this year and
+raise currently depressed prices, industry officials and
+researchers told Reuters.
+    About 2,900 hectares of rubber planted with the Rubber
+Research Institute (RRI) clone 103 have been hit by the fungus
+"corenes pora" which attacks the roots of the tree and kills the
+leaves. The disease was first discovered about six months ago.
+    Trade sources say prices might boom once again if the
+crisis leads to output below the 1987 target of 143,000 tonnes.
+Last year's output is estimated at between 133,000 and 135,000
+tonnes.
+    Researchers say the fungus could spread to other rubber
+clones if no immediate action is taken.
+    "The RRI is considering asking estates to remove the trees
+seriously affected by the fungus because it was too late to use
+chemicals to kill the disease," an Institute spokesman said.
+    Senior industry and research officials met yesterday at
+Padukka, east of here, to discuss ways of controlling the
+fungus which is affecting estates mostly belonging to the State
+Plantations Corp and Janatha Estates Development Board.
+    The two state-owned groups account for 30 pct of rubber
+land with the balance belonging to small private producers with
+a total of 145,600 hectares.
+    The RRIC 103 is a new clone propagated by the Research
+Institute as high yielding and recommended two years ago for
+planting. Only the two state groups seriously planted these
+clones while smallholders preferred the low-yielding but older
+PBX Malaysian clones.
+    Officials at yesterday's crisis meeting said it was decided
+to uproot only some of the affected trees while others would be
+treated. They declined to comment on other decisions taken.
+    Trade sources said supplies had improved in the past week
+but prices had hit their lowest since last December. "If there
+is a shortage of rubber, prices are bound to rise," a spokesman
+for a company buying on behalf of the Soviet Union said.
+    Rubber prices, particularly crepe, fell sharply by about
+four rupees a kilo between December and March. The best crepe
+one-X traded at 23.68 rupees a kilo, averaged 19.75 at this
+week's auction. Sheet prices fell by a rupee in the same
+period.
+    Quantities offered at the auction also fell to an average
+of 300 tonnes per auction last month from 800 tonnes in
+December because of wintering in early February in producing
+areas.
+    Over 550 tonnes were offered at this Tuesday's auction with
+the supply position showing improvements.
+    Trade sources said the smaller availability of rubber last
+month did not raise prices as on previous occasions.
+    "Some factors, like less storage space from excess stocks,
+meant we could not buy much at the auction until we disposed of
+the rubber we already had," one buyer said.
+    Other sources said there were few forward contracts and
+speculative buying last month, while delays in steamer arrivals
+aggravated the problem.
+    European buyers delayed their purchases because of winter
+closures of factories and also in the hope that prices would
+ease further.
+    They said another problem that could hit the industry is
+the dry spell in producing areas. "If the inter-monsoonal rains
+expected in late March/April are delayed, we would have further
+shortages," one official said.
+    "But this again could benefit prices," a buyer said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17954" NEWID="1536">
+<DATE> 4-MAR-1987 11:21:38.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0615&#31;reute
+r f BC-PYRO-ENERGY-CORP-&lt;BTU   03-04 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PYRO ENERGY CORP &lt;BTU> YEAR NET</TITLE>
+<DATELINE>    EVANSVILLE, Ind., March 4 -
+    </DATELINE><BODY>Shr 36 cts vs 66 cts
+    Net 4,775,000 vs 9,342,000
+    Revs 105.5 mln vs 130.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17955" NEWID="1537">
+<DATE> 4-MAR-1987 11:22:09.85</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D><D>uk</D><D>netherlands</D><D>denmark</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0619&#31;reute
+b f BC-EC-COMMISSION-DETAILS   03-04 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION DETAILS SUGAR TENDER</TITLE>
+<DATELINE>    BRUSSELS, March 4 - </DATELINE><BODY>The European Commission confirmed it
+authorised the export of 60,500 tonnes of current series white
+sugar at a maximum rebate of 43.147 European Currency Units
+(ECUs) per 100 kilos.
+    Out of this, traders in the U.K. Received 43,500 tonnes, in
+the Netherlands 12,000, in Denmark 4,000 and in West Germany
+1,000 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17956" NEWID="1538">
+<DATE> 4-MAR-1987 11:23:10.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0623&#31;reute
+r f BC-CORRECTION---ROVER-GR   03-04 0056</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - ROVER GROUP REPORTS SALES
+    In a Miami item please read headline "&lt;ROVER GROUP> REPORTS
+SALES ON STERLINGS"... Please read in first paragraph ...
+Austin Rover Cars of North America, a unit of Great Britain's
+Rover Group PLC, reported ... corrects parent company name. In
+third paragraph please correct spelling to Leyland.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17957" NEWID="1539">
+<DATE> 4-MAR-1987 11:25:14.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D><D>uk</D><D>west-germany</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0629&#31;reute
+d f BC-U.S.-CAR-MAKERS-HOPE   03-04 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CAR MAKERS HOPE TO PROFIT FROM WEAK DOLLAR</TITLE>
+<DATELINE>    GENEVA, March 4 - </DATELINE><BODY>The Geneva Motor Show, the first major
+car show of the year, opens tomorrow with U.S. Car makers
+hoping to make new inroads into European markets due to the
+cheap dollar, automobile executives said.
+    Ford Motor Co &lt;F> and General Motors Corp &lt;GM> sell cars in
+Europe, where about 10.5 mln new cars a year are bought. GM
+also makes a few thousand in North American plants for European
+export.
+     Now Chrysler Corp &lt;C> is saying it will begin exporting
+American-made vehicles before the end of this year to Europe, a
+market it left in 1978 when it was near bankruptcy.
+    Ford's European operations in Britain and West Germany
+manufactured and sold about 1.5 million cars in Europe last
+year -- the largest U.S. Manufacturer's share of the European
+market.
+    Opel/Vauxhall, with factories in West Germany, Spain and
+Britain, accounted for most of GM's sales in Europe with about
+1.3 million vehicles in 1986, officials said.
+    James Fry of GM overseas distribution system said GM hoped
+for a five-fold rise this year in sales of North American-made
+vehicles in Europe, selling between 7,000 and 8,000 (North
+American-made) units in Europe for the year to August 1987. "A
+low dollar makes our prices very attractive," he told Reuters.
+    Using an average price of 13,000 dlrs per car, his
+projected sales figure would translate into between 91 million
+and 104 mln dlrs in turnover, Fry added.
+    That would be a jump from 1986 when GM sold 1,500
+North-American made cars for revenue of 19 mln dlrs.
+    Ford has 41 factories in West Europe, which manufacture all
+of its cars sold on the continent.  But Walter Hayes, vice
+president of Ford Europe, told Reuters he did not expect a
+large rise in sales this year as a result of the weak dollar. 
+"We have concluded that despite the dollar difference.... Europe
+is inevitably a small volume market."
+    Hayes said the cost of changing American cars to conform to
+European environmental specifications cut into profit margins.
+    But Robert Lutz, Chrysler executive vice-president, said
+the weak dollar would now help Chrysler compete in Europe. 
+"After a lapse of almost nine years, Chrysler is about to
+re-enter the European market," he said.
+    "We prefer to export to Europe rather than manufacture here
+because it will allow us to take full competitive advantage of
+the favorable exchange rates due to the declining value of the
+dollar."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17958" NEWID="1540">
+<DATE> 4-MAR-1987 11:25:26.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0630&#31;reute
+u f BC-BUNDESBANK-CHANGES-RE   03-04 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK CHANGES REPURCHASE PACT SYSTEM</TITLE>
+<AUTHOR>    By Jonathan Lynn, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 4 - </DATELINE><BODY>The Bundesbank is planning changes in
+the system by which banks bid for funds in securities
+repurchase pacts to improve the flexibility of its key open
+market instrument, central bank officials said.
+    Banking economists said the changes will shorten the tender
+process to two days from three currently, enabling the
+Bundesbank to offer repurchase pacts of shorter maturity if it
+chooses, to steer money market liquidity more flexibly.
+    The changes will probably come into force in April.
+    Under the current system, banks must themselves specify at
+the tender which securities they will sell to the Bundesbank
+for subsequent repurchase, a time consuming business.
+    Banks hold securities for this purpose in safe custody
+accounts in the Landeszentralbank (LZB) regional central banks,
+which are the local offices of the Bundesbank at state level.
+    Some 50 billion marks of securities are held in such
+accounts at the Hesse LZB, which covers the Frankfurt area.
+    The change to come into force next month will allow the
+Bundesbank access to these accounts to select the bonds itself,
+in a process legally comparable to direct debiting.
+    At present the Bundesbank generally announces a tender on
+Monday, holds the tender late on Tuesday morning, announces the
+result early Tuesday afternoon and allocates funds Wednesday.
+    The Bundesbank generally sets repurchase pacts running 28
+days. But sometimes public holidays result in longer pacts or
+longer tender periods being necessary.
+    For instance the Bundesbank announced a tender last Friday
+to be held today (Wednesday) for crediting funds tomorrow
+(Thursday). The advance announcement took into account the
+carnival holiday in Duesseldorf on Monday and in Frankfurt
+yesterday (Tuesday).
+    Central bank officials and money market dealers said the
+shortening of the tender process should be seen as purely
+technical, with no direct implications for interest rates.
+    "It is not a credit policy matter but a technical matter,"
+said an official at the Hesse LZB.
+    Bundesbank President Karl Otto Poehl said last December
+that security repurchase pacts had proved a much greater
+success since their introduction in their present form two
+years ago, and praised their flexibility.
+    The tender process changes will make the repurchase pact
+instrument even more flexible, banking economists said.
+    By speeding up the tender process, they will make it
+possible for the Bundesbank to offer repurchase pacts for
+periods of less than a month, something long sought by banks,
+to respond to changing money market conditions.
+    "With the help of this instrument liquidity steering will be
+refined, but there won't be any effect on interest rates," said
+Berliner Handels- und Frankfurter Bank economist Hermann
+Remsperger.
+    The Bundesbank would be able to react more quickly to money
+market developments, but by steering liquidity, not interest
+rates, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17959" NEWID="1541">
+<DATE> 4-MAR-1987 11:27:03.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0640&#31;reute
+r f BC-UNITRODE-CORP-&lt;UTR>-4   03-04 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITRODE CORP &lt;UTR> 4TH QTR JAN 31 LOSS</TITLE>
+<DATELINE>    LEXINGTON, Mass., March 4 -
+    </DATELINE><BODY>Shr loss 13 cts vs profit 10 cts
+    Net loss 1,804,062 vs profit 1,370,063
+    Revs 33.5 mln vs 40.4 mln
+    12 mths
+    Shr loss 51 cts vs profit cts
+    Net loss 7,030,235 vs profit 9,163,141
+    Revs 149.4 mln vs 167.9 mln
+    NOTE: income before taxes for the 12 mths ended Jan 1987
+includes gains 895,000 for fire insurance settlement, and
+unusual charges of 7,900,000 for provisions for estimated cost
+of severance pay for terminated workers and a one-time
+writedown of inventory and equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17960" NEWID="1542">
+<DATE> 4-MAR-1987 11:28:03.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0648&#31;reute
+d f BC-NATIONAL-SEMI-&lt;NSM>-U   03-04 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL SEMI &lt;NSM> UNIT STEPS UP DELIVERIES</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., March 4 - </DATELINE><BODY>National Semiconductor
+Corp's National Advanced Systems unit said it is accelerating
+the delivery schedule for the two most powerful models of its
+AS/XL series mainframe processors because of growing customer
+demand.
+    The company said the AS/XL 90 and AS/XL 100, which had been
+scheduled for general availability in the third quarter, will
+now be available in the second quarter.
+    National Advanced Systems also announced a new 7480
+cartridge tape subsystem which uses 18 track compact tape
+cartridges.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17961" NEWID="1543">
+<DATE> 4-MAR-1987 11:28:39.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0651&#31;reute
+d f BC-BUEHLER-INTERNATIONAL   03-04 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUEHLER INTERNATIONAL INC &lt;BULR> 4TH QTR NET</TITLE>
+<DATELINE>    CHICAGO, March 4 -
+    </DATELINE><BODY>Shr five cts vs 20 cts
+    Qtly div two cts vs two cts prior
+    Net 223,000 vs 1,418,000
+    Sales 15.3 mln vs 17.1 mln
+    Year
+    Shr 61 cts vs 81 cts
+    Net 3,106,000 vs 5,940,000
+    Sales 63.0 mln vs 59.5 mln
+    NOTE: 1986 net includes tax credits of 63,000 dlrs in
+quarter and 1,365,000 dlrs in year.
+    1986 net both periods includes 500,000 dlr pretax inventory
+writedown.
+    Dividend pay March 27, record March 5.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17962" NEWID="1544">
+<DATE> 4-MAR-1987 11:30:17.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0660&#31;reute
+b f BC-/FORD-&lt;F>-LATE-FEBRUA   03-04 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> LATE FEBRUARY CAR SALES UP 29.3 PCT</TITLE>
+<DATELINE>    DEARBORN, Mich., March 4 - </DATELINE><BODY>Ford Motor Co said its sales of
+U.S.-made cars in late February rose 29.3 pct over the same
+period last year.
+    The automaker said it sold 51,411 domestic cars in the
+February 21-28 period, up from 39,754 last year's period. There
+were seven selling days in both periods.
+    Ford's sales of U.S. cars for the month of February were up
+6.9 pct to 157,031 from 146,898. Year-to-date, the company's
+car sales dipped 10.5 pct to 265,301 compared to 296,298.
+    Sales of Ford trucks in the late February period increased
+48.3 pct to 39,080 from 26,358 vehicles sold in the same period
+last year.
+    For the month, Ford sold 111,853 trucks, up 16.5 pct on a
+daily sales basis from last year, when the company sold 96,058
+trucks in the period. Ford's year-to-date truck sales through
+February, at 195,694 vehicles against last year's 194,715, were
+0.5 pct ahead of the 1986 pace.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17963" NEWID="1545">
+<DATE> 4-MAR-1987 11:31:01.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0663&#31;reute
+r f BC-STANHOME-INC-&lt;STH>-RA   03-04 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANHOME INC &lt;STH> RAISES QUARTERLY TWO CTS</TITLE>
+<DATELINE>    WESTFIELD, Mass., March 4 -
+    </DATELINE><BODY>Qtly div 23 cts vs 21 cts prior
+    Pay April 1
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17964" NEWID="1546">
+<DATE> 4-MAR-1987 11:32:26.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0672&#31;reute
+s f BC-INSTRON-CORP-&lt;ISN>-SE   03-04 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSTRON CORP &lt;ISN> SETS QUARTERLY</TITLE>
+<DATELINE>    CANTON, Mass., March 4 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay April 2
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17965" NEWID="1547">
+<DATE> 4-MAR-1987 11:33:11.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0676&#31;reute
+u f BC-WEST-GERMAN-BANK-ISSU   03-04 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN BANK ISSUES LUXEMBOURG FRANC BOND</TITLE>
+<DATELINE>    LUXEMBOURG, March 4 - </DATELINE><BODY>Landesbank Rheinland-Pfalz
+International SA is issuing a 300 mln Luxembourg franc private
+placement bond with a 7-1/4 pct coupon at par, lead manager
+Caisse d'Epargne de l'Etat du Grand-Duche de Luxembourg said.
+    The five-year, non-callable bullet bond is for payment on
+March 24 and coupon payments are annually on March 25.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17966" NEWID="1548">
+<DATE> 4-MAR-1987 11:35:48.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0692&#31;reute
+f f BC-******FED-PROPOSES-CU   03-04 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED PROPOSES CURRENCY, RATE SWAP RISK GAUGE AS PART OF  NEW CAPITAL STANDARD
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17967" NEWID="1549">
+<DATE> 4-MAR-1987 11:38:36.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0703&#31;reute
+u f BC-MIDLAND-RIGHTS-ISSUE   03-04 0109</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MIDLAND RIGHTS ISSUE STILL EXPECTED SAY ANALYSTS LONDON, March
+4 - Midland Bank Plc's &lt;MDBL.L> 1986 results suggest its shares
+show further recovery potential, although a rights issue is
+still expected in the next few months, banking analysts said.
+    A rights issue of the order of 400 mln stg is seen, perhaps
+in June if there is no U.K. General election, they added.
+Midland Chairman Sir Donald Barron would not comment on the
+rights question at a news conference.
+    Earlier, Midland reported 1986 pre-tax profit of 434 mln
+stg, up from 351 mln the previous year, in line with market
+forecasts, dealers said. Midland shares were up 14p at 633p.
+    Midland said its 1986 results included Crocker National
+Corp for the first five months, prior to its sale last May. If
+results were restated excluding distortions stemming from the
+Crocker sale they would show a 1986 pre-tax profit of 432 mln
+stg compared with 366 mln, it said.
+    Barron said that after the sale of Crocker and
+restructuring during the last two years the group had "put the
+past firmly behind us in 1986" and was now "focusing our
+considerable resources on the exciting opportunities ahead."
+    Chief Executive Sir Kit McMahon said U.K. Operations were
+the main source of profits, with 83 pct or 434 mln stg.
+    Both net interest income and non-interest income were ahead
+of 1985.
+    A key component in domestic asset growth was a 96 pct rise
+in Midland's mortgage portfolio to 2.7 billion stg, comfortably
+exceeding a 2.5 billion target, McMahon said. Overall sterling
+advances rose over 18 pct to 20.2 billion stg.
+    Pre-tax profits in investment banking rose 27 pct to 65 mln
+stg despite the heavy start-up and integration costs. However,
+this included the group's full range of activities in this area
+from its treasuries operations to its merchant bank to
+securities and gilts trading activities.
+    No breakdown of this figure was given although McMahon said
+venture capital activites contributed 17 mln stg to profit. He
+said the group's gilts trading was operating at a profit
+although its securities activities were not, but would give no
+further details.
+    International banking profits rose 80 pct to 54 mln stg,
+benefitting from past restructuring and good performances from
+European subsidiaries.
+    Crocker and the Bracton subsidiary created by Midland to
+work out Crocker's problem loans made a loss of 44 mln stg in
+1986 against a 35 mln loss in 1985.
+    Bracton assets now stood at 300 mln dlrs and had been fully
+provisioned, McMahon said.
+    Charges for bad and doubtful debts declined to 357 mln stg
+against 431 mln the previous year and the bank said that
+excluding Crocker, it would have been 320 mln.
+    McMahon noted that total cover for bad debts had increased
+to three pct of lendings in 1986 from 2.6 pct in 1985. He said
+no evidence of increasing consumer credit delinquency and fewer
+U.K. Corporate defaults allowed for a lower domestic debt
+charge in 1986.
+    McMahon said Midland's exposure in South America remained
+unchanged on 1985, with 1.4 billion stg outstanding to Brazil,
+1.3 billion to Mexico and 600 mln to Argentina.
+    Following the lead of the other four major U.K. Banks
+Midland moved charges against lending to rescheduling countries
+from general to specific provisions.
+    This was the key factor behind a reduction in its tax rate
+to just under 40 pct in 1986 from 59 pct in 1985, McMahon said.
+    One major problem still to be faced by the bank was to
+further reduce its cost/income ratio, which is still well above
+its competitors at 72 pct, he added.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17968" NEWID="1550">
+<DATE> 4-MAR-1987 11:38:44.03</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0704&#31;reute
+r f BC-GERMAN-INSTITUTE-SEES   03-04 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN INSTITUTE SEES INFLATION RISING IN 1987</TITLE>
+<DATELINE>    HAMBURG, March 4 - </DATELINE><BODY>The cost of living in West Germany will
+likely be about 0.5 pct higher on average in 1987 than in 1986,
+when the cost of living actually fell by an average 0.2 pct in
+the first recurrence of "negative inflation" since the 1950s, the
+HWWA economic research institute said.
+    The re-emergence of inflation will result mainly from the
+fading of two factors which influenced the fall in the 1986
+cost of living - the steep decline in both oil prices and the
+value of the dollar, the institute said in a report.
+    The institute said inflation will see a rising trend in the
+course of 1987, but will average only 0.5 pct for the year as a
+whole because year on year rates will remain negative in the
+first part of 1987.
+    Provisional inflation figures for February released last
+week showed the cost of living last month was 0.5 pct lower
+than in February 1986. In January prices had fallen 0.8 pct
+against the same month a year earlier.
+    The HWWA said its forecast assumed the dollar would remain
+around 1.80 marks and oil prices would range between 15 and 17
+dlrs per barrel.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17969" NEWID="1551">
+<DATE> 4-MAR-1987 11:41:04.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>west-germany</D><D>netherlands</D><D>denmark</D><D>france</D><D>ireland</D><D>uk</D><D>italy</D><D>spain</D><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0710&#31;reute
+r f BC-CEREALS-MCAS-TO-BE-UN   03-04 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CEREALS MCAS TO BE UNCHANGED NEXT WEEK</TITLE>
+<DATELINE>    BRUSSELS, March 4 - </DATELINE><BODY>Cereals Monetary Compensatory Amounts,
+MCAs, will be unchanged for the week starting March 9, an EC
+Commission spokesman said.
+    They will be plus 2.4 points for the Netherlands and West
+Germany, minus two for Denmark, minus eight for France, minus
+nine for Ireland, minus 5.7 for Italy, minus 30.2 for Britain,
+minus 44.1 for Greece and minus 10.5 for Spain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17970" NEWID="1552">
+<DATE> 4-MAR-1987 11:42:03.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>peru</D><D>costa-rica</D><D>brazil</D><D>ecuador</D><D>chile</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0715&#31;reute
+r f BC-WORLD-BANK-SAYS-S.-AM   03-04 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK SAYS S. AMERICAN DEBTORS STILL TALKING</TITLE>
+<DATELINE>    FRANKFURT, March 4 - </DATELINE><BODY>Latin American debtor nations are
+still willing to negotiate on their debts, World Bank director
+for Latin America and the Caribbean Rainer Steckhan said.
+    In an article published in today's Handelsblatt daily,
+Steckhan said despite decisions by Peru, Costa Rica, Ecuador
+and Brazil to suspend some interest payments, these nations
+were still willing to talk constructively about their debts.
+    "These countries are still prepared to negotiate, and the
+instruments of cooperation developed thus far provide the means
+to deal with the crisis over time," Steckhan said.
+    Several highly indebted nations have made great efforts to
+meet their debt payments, especially Latin American countries,
+Steckhan said.
+    Chile achieved gross national product growth of five to six
+pct last year and quadrupled its trade surplus from 1984,
+despite lower prices of key commodity exports like copper.
+    Mexico, hit by a catastrophic earthquake and declines in
+world oil prices also boosted its non-oil exports by one third
+in 1986, the highest growth rate in its post-war history.
+    The World Bank's annual lending to Latin America rose to
+4.8 billion dlrs last year from three billion in 1984, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17971" NEWID="1553">
+<DATE> 4-MAR-1987 11:44:11.07</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0726&#31;reute
+b f BC-/FED-DRAFTS-CURRENCY,   03-04 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED DRAFTS CURRENCY, RATE SWAP RISK GAUGE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The Federal Reserve Board voted
+unanimously to propose a formula for calculating the risk of
+interest rate and currency swaps as part of its ongoing effort
+to come up with a new capital standard for U.S. banks that
+takes into account the riskiness of a bank's loans and other
+assets.
+    Fed officials said an identical proposal was being issues
+today by the Bank of England.
+    The Fed set a 60-day period for public comment on the plan.
+    The proposal adopted today addresses only the credit risks
+associated with interest rate swaps, forward foreign exchange
+contracts and similar financial instruments.
+    Previously, the Fed Jan. 8 proposed a series of guidelines
+for calculating the risk of other off-balance-sheet activities
+that banks would be required to take into account in
+calculating the minimum financial cushion they would need to
+maintain.
+    Both guidelines set five broad categories of risk for loans
+and other bank assets and assigned to each a level of risk that
+would establish a bank's minimum capital needs.
+    The additional guidelines proposed today would determine
+the amount of capital support required for a bank's current
+exposure for a given asset and the potential future exposure.
+    The current exposure would be measured by the
+mark-to-market value of the asset, which would reflect the
+replacement cost.
+    Potential future increases in the replacement cost would be
+calculated using credit conversion factors based on statistical
+analyses by the staffs of the Bank of England and U.S. banking
+regulators. Future exposure would rise over the life of the
+asset.
+    The Fed staff said the risk gauge attempted to balance
+conflicting needs for precision and simplicity.
+    They ignore, for example, the relative volatility of the
+particular currencies involved in exchange rate contracts.
+    Board officials said the new gauge could increase the
+capital required of the largest money center banks, which are
+the principal participants in these types of activities.
+    They cautioned the Fed board to take account of the
+potential impact of the plan on the ability of U.S. banks to
+compete in world financial markets.
+    However, the staff concluded, "The credit risks inherent in
+such contracts now constitute a significant element of the risk
+profiles of some banking organizations."
+    The Fed proposal would exempt all but the 20-25 largest
+participants in this market, on grounds the benefits of
+including the smaller banks would be outweighed by costs.
+    Also excluded would be interest rate and foreign exchange
+contracts traded on organized exchanges.
+    Governor Martha Seger said she was concerned that Japan was
+not involved in the U.K.-U.S. effort to draft new capital
+rules.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17972" NEWID="1554">
+<DATE> 4-MAR-1987 11:45:39.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0736&#31;reute
+d f BC-IDEAL-SCHOOL-SUPPLY-C   03-04 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDEAL SCHOOL SUPPLY CORP &lt;IDEL> 4TH QTR NET</TITLE>
+<DATELINE>    OAK LAWN, Il., March 4 -
+    </DATELINE><BODY>Oper shr 10 cts vs eight cts
+    Oper net 325,000 vs 228,000
+    Sales 7,070,000 vs 6,483,000
+    Avg shrs 3,313,000 vs three mln
+    Year
+    Oper shr 69 cts vs 51 cts
+    Oper net 2,124,000 vs 1,536,000
+    Sales 31.2 mln vs 22.7 mln
+    Avg shrs 3,071,000 vs three mln
+    NOTE: 1986 net both periods includes 72,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17973" NEWID="1555">
+<DATE> 4-MAR-1987 11:45:44.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0737&#31;reute
+r f BC-SALOMON-INC-&lt;SB>-SETS   03-04 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON INC &lt;SB> SETS REGULAR QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 4 -
+    </DATELINE><BODY>Qtly div 16 cts vs 16 cts prior
+    Pay April One
+    Rcord March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17974" NEWID="1556">
+<DATE> 4-MAR-1987 11:47:04.70</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0741&#31;reute
+r f BC-JANUARY-CRUDE-OIL-MOV   03-04 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JANUARY CRUDE OIL MOVEMENTS FALL SEVEN MLN TONS</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>Worldwide spot crude oil movements fell
+to 30.07 mln long dwt in February from 37.25 mln tons in
+January and 41.44 mln in December, London shipbroker Howard
+Houlder said.
+    The decline mainly reflected a sharp drop in movements out
+of the Mideast Gulf, which totalled 7.4 mln tons last month
+against 11.65 mln in January. These included shipments to
+western options at 2.05 mln tons against 3.59 mln previously.
+    Liftings from the Gulf to eastern options fell to 4.15 mln
+tons from 5.94 mln and those from the Gulf to other areas
+dropped to 1.2 mln tons from 2.13 mln, Howard Houlder said.
+    U.K./Continent coastal movements declined sharply to 2.91
+mln tons from 4.77 mln but those from the U.K./Continent to the
+U.S. rose to 1.99 mln from 1.69 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17975" NEWID="1557">
+<DATE> 4-MAR-1987 11:47:42.77</DATE>
+<TOPICS><D>livestock</D><D>carcass</D><D>grain</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0744&#31;reute
+r f BC-EC-SOURCES-DETAIL-NEW   03-04 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SOURCES DETAIL NEW FARM SOCIAL PACKAGE</TITLE>
+<DATELINE>     BRUSSELS, March 4 - </DATELINE><BODY>The 350 mln Ecu three-year package of
+social and structural measures agreed early today by European
+Community farm ministers features a plan to compensate farmers
+for reducing output of certain surplus products, EC Commission
+sources said.
+    The ministers agreed that under this "extensification"
+scheme, farmers would qualify for compensation if they cut
+output of specific products by at least 20 pct.
+    The plan would initially apply to cereals, beef, veal and
+wine, they added.
+    Cereals farmers would have to achieve their output cuts by
+reducing acreage, while cattle farmers would reduce their
+number of head and vinegrowers would cut yield. In each case,
+farmers would have to undertake not to step up their capacity
+for output of other products which are in surplus in the EC.
+    The sources said payment levels have not yet been fixed but
+will be designed to compensate farmers for loss of profit on
+the production they forego.
+    The sources said the package also contains provisions for
+payments to farmers who embark on a program aimed at protecting
+or improving the environment.
+    It would also mean compensatory allowances in less favoured
+farming areas would be extended to crops. At present such
+allowances are available only for livestock.
+    The package would provide 20 mln Ecus for research into
+alternative farming techniques, the sources added.
+    At a news conference EC Farm Commissioner Frans Andriessen
+said the Commission is also working on proposals to enable the
+EC and member states to provide direct income supports for
+relatively poor farmers.
+    Andriessen did not give full details, but said member state
+aid would be subject to "strict criteria to avoid distortion of
+competition."
+    EC payments would aim to help farmers to survive a
+difficult period while the EC tackles the problems of surplus
+production.
+    The Commission withdrew from the package agreed last night
+proposals to pay "early retirement" pensions to farmers aged 55
+or over who gave up production. Those who took their land
+completely out of farm production, rather than passing it on to
+their heirs, would have received more generous payments.
+    Andriessen said the Commission plans to present revised
+proposals along these lines in an effort to get a scheme
+agreed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17976" NEWID="1558">
+<DATE> 4-MAR-1987 11:51:31.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0761&#31;reute
+u f BC-NATIONAL-FUEL-&lt;NFG>-P   03-04 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL FUEL &lt;NFG> PROPOSES ARGO REORGANIZATION</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>National Fuel Gas Co said it has
+proposed a plan of reorganization for &lt;Argo Petroleum Corp>.
+    The proposal calls for National Fuel's Seneca Resources
+Corp subsidiary to receive 75 pct of Argo's principal producing
+and undeveloped oil and gas assets in return for refinancing
+Argo's debt to Seneca.
+    The plan calls for Seneca to made an additional 500,000 dlr
+advance to Argo, National Fuel Gas said.
+    National Fuel Gas said it reorganzation was proposed in a
+term sheet signed by Seneca, Argo and representatives of Argo's
+unsecured creditors committee. Seneca became Argo's principal
+secured creditor in November when it purchased notes totaling
+about 40 mln dlrs from Continental Illinois National Bank and
+Trust Co for about 35 mln dlrs.
+    National Fuel Gas said the additional advance to Argo would
+allow it to capitalize, together with other assets, a new
+company for its existing shareholders.
+    National Fuel Gas said the plan calls for Argo's existing
+secured debt to be refinanced in an 8,875,000 dlr refinancing
+note and a 75 pct interest in Argo's principal oil and gas
+properties.
+    Seneca and Argo will enter into a venture to be 75 pct
+owned by Seneca and 25 pct by Argo to develop their jointly
+owned properties.
+    In addition to restructuring and refinancing Argo's
+existing debt, Seneca will provide Argo with a two mln dlr
+revolving line of credit to finance its 25 pct share of the
+venture's development costs, National Fuel Gas said.
+    It said the proposed plan calls for Argo oil and gas assets
+not subject to the venture to be transferred to a new
+corporation. Existing Argo shareholders will receive all the
+new company's common stock while its unsecured creditors will
+receive 100 pct of the new capital stock of Argo in exchange
+for their claims against the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17977" NEWID="1559">
+<DATE> 4-MAR-1987 11:54:12.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0775&#31;reute
+u f BC-WEST-GERMAN-BANK-ISSU   03-04 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN BANK ISSUES LUXEMBOURG FRANC BOND</TITLE>
+<DATELINE>    LUXEMBOURG, March 4 - </DATELINE><BODY>Landesbank Rheinland-Pfalz
+International SA is issuing a 300 mln Luxembourg franc private
+placement bond with a 7-1/4 pct coupon at par, lead manager
+Caisse d'Epargne de l'Etat du Grand-Duche de Luxembourg said.
+    The five-year, non-callable bullet bond is for payment on
+March 24 and coupon payments are annually on March 25.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17983" NEWID="1560">
+<DATE> 4-MAR-1987 11:54:30.77</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0777&#31;reute
+b f BC-U.S.,-BRITAIN-AGREE-F   03-04 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., BRITAIN AGREE FURTHER BANK CAPITAL PROPOSALS</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>The Bank of England and the U.S. Federal
+Reserve Board have agreed new proposals for joint standards to
+measure the risk of an array of credit exposures that do not
+show up in bank balance sheets, the Bank of England said.
+    The plan, covering swaps, forward contracts and options
+involving interest or exchange rates, complements proposals
+agreed in January between the two central banks to make
+commercial banks in the U.S. And Britain subject to similar
+standards for measuring capital adequacy, the proposal said.
+    It said no final decisions had been reached yet and banks
+have until April 16 to comment on the trunk proposals.
+    The Bank of England and Fed said they had faced a dilemma.
+    "On the one hand (we) are determined to require adequate
+capital support for potential future exposure -- on the other
+hand (we) are concerned that overly stringent capital
+requirements might unnecessarily affect the ability of U.S. And
+U.K. Banking organisations to price...Contracts competitively."
+     At the basis of the new proposals lies the concept of the
+so-called credit equivalent amount - the current value of a
+currency or interest rate contract and an estimate of its
+potential change in value due to currency or interest rate
+fluctuations until the contract matures.
+    In treatment similar to that agreed in January for balance
+sheet assets, the credit equivalent will be assigned one of
+five risk weights between zero and 100 pct, depending on the
+quality of the counterparty, the remaining maturity of the
+contract and on collaterals or guarantees to the contract, the
+plans showed.
+    The proposal showed that collaterals and guarantees would
+not be recognised in calculating credit equivalent amounts.
+    They would, however, be reflected in the assignment of risk
+weights. The only guarantees recognised are those given by U.S.
+And U.K. Governments or, in the U.S., By domestic national
+government agencies, the proposals showed.
+    The paper said the proposed rules would not cover spot
+foreign exchange contracts and securities traded in futures and
+options exchanges.
+    It said U.S. Regulatory authorities and the Bank of England
+were keen to encourage banks to "net" contracts -- consolidate
+multiple contracts with the same counterparty into one single
+agreement to create one single payments stream.
+    It recognised that "such arrangements may in certain
+circumstances reduce credit risk and wish to encourage their
+further development and implementation," and said some of the
+current proposals may be changed to take this into account.
+    The paper said the proposed rules would not cover spot
+foreign exchange contracts and securities traded in futures and
+options exchanges.
+    It said U.S. Regulatory authorities and the Bank of England
+were keen to encourage banks to "net" contracts -- consolidate
+multiple contracts with the same counterparty into one single
+agreement to create one single payments stream.
+    It recognised that "such arrangements may in certain
+circumstances reduce credit risk and wish to encourage their
+further development and implementation," and said some of the
+current proposals may be changed to take this into account.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17978" NEWID="1561">
+<DATE> 4-MAR-1987 11:55:38.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0784&#31;reute
+u f BC-OUTBOARD-MARINE-&lt;OM>   03-04 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OUTBOARD MARINE &lt;OM> KNOWS NO REASON STOCK IS UP</TITLE>
+<DATELINE>    CHICAGO, March 4 - </DATELINE><BODY>Outboard Marine Corp, whose stock is
+trading higher, said there were no corporate developments to
+account for the rise.
+    Outboard Marine was up 2-1/2 to 34 with 48,000 shares
+traded.
+    A spokesman said the company wasn't planning any
+announcements. Several analysts who follow the company also did
+not know why Outboard was trading higher.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17979" NEWID="1562">
+<DATE> 4-MAR-1987 11:56:08.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0788&#31;reute
+u f BC-PIEDMONT-AVIATION-&lt;PI   03-04 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT AVIATION &lt;PIE> BOARD TO MEET TODAY</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Piedmont Avaition Inc's board of
+directors will conduct a special meeting beginning at 1400 est
+today, a Piedmont spokesman said.
+    The spokesman would not say what was on the agenda.
+    In mid-February, Piedmont said its board would meet to
+discuss all proposals to acquire the company. Its board also
+withdrew a recommendation to accept a 65 dlrs a share cash
+offer from Norfolk Southern Corp &lt;NSC> in light of a competing
+revised bid from U.S. Air Group Inc &lt;U>. U.S. Air offer to buy
+50 pct of the company's stock for 71 dlrs a share cash, and the
+remaining for 73 dlrs a share of its stock.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17980" NEWID="1563">
+<DATE> 4-MAR-1987 11:56:15.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0789&#31;reute
+r f BC-FIRST-UNION-&lt;FUR>-LEA   03-04 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION &lt;FUR> LEAVES DIVIDEND UNCHANGED</TITLE>
+<DATELINE>    CLEVELAND, March 4 - </DATELINE><BODY>First Union Real Estate Investments
+said its board left the quarterly dividend unchanged at 37-1/2
+cts per share, payable April 30, record March 31.
+    The trust, which has raised its quarterly dividend
+frequently in the past two years and in the first quarter in
+both years, said the Tax Reform Act of 1986 has limited its
+flexibility on dividends, and trustees will now consider the
+appropriateness of any dividend increases only during the later
+quarters of the year.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17981" NEWID="1564">
+<DATE> 4-MAR-1987 11:56:34.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0791&#31;reute
+r f BC-RYKOFF-SEXTON-INC-&lt;RY   03-04 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RYKOFF-SEXTON INC &lt;RYK> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    LOS ANGELES, March 4 -
+    </DATELINE><BODY>Shr 21 cts vs 28 cts
+    Net 1,456,000 vs 1,925,000
+    Sales 258.7 mln vs 290.2 mln
+    Nine Mths
+    Shr 77 cts vs 1.10 dlrs
+    Net 5,384,000 vs 7,658,000
+    Sales 804.3 mln vs 760.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17982" NEWID="1565">
+<DATE> 4-MAR-1987 11:57:12.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>jamaica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0796&#31;reute
+r f BC-JAMAICA-WILL-MAKE-NEW   03-04 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMAICA WILL MAKE NEW DRAWING UNDER IMF PROGRAM</TITLE>
+<DATELINE>    KINGSTON, March 4 - </DATELINE><BODY>Jamaica will draw down 40.9 mln Special
+Drawing Rights (SDRs) from the International Monetary Fund
+following IMF approval yesterday of a new credit program for
+the island, the government announced.
+    Financing from the compensatory facility is meant to offset
+losses in export earnings and does not carry the same
+conditions attached to other IMF loans.
+    The government will also receive 85 mln SDRs under a new
+stand-by agreement. The new credit agreement signed in January
+was originally to last 15 months, but the government now says
+it will go for one year beginning this month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17984" NEWID="1566">
+<DATE> 4-MAR-1987 11:59:08.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0807&#31;reute
+d f BC-SYSTEM-SOFTWARE-ASSOC   03-04 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYSTEM SOFTWARE ASSOCIATES &lt;SSAX> 1ST QTR NET</TITLE>
+<DATELINE>    CHICAGO, March 4 - </DATELINE><BODY>Periods end January 31, 1987 and 1986
+    Shr 12 cts vs nine cts
+    Net 507,000 vs 362,000
+    Revs 5,010,000 vs 3,558,000
+    NOTE: System Software Associates Inc is full name of
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17985" NEWID="1567">
+<DATE> 4-MAR-1987 11:59:47.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0808&#31;reute
+u f BC-GEICO-CORP-&lt;GEC>-RAIS   03-04 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEICO CORP &lt;GEC> RAISES QTRLY DIVIDEND</TITLE>
+<DATELINE>    CHEVY CHASE, Md., March 4 -
+    </DATELINE><BODY>Qtrly div 34 cts vs 27 cts prior
+    Pay March 31
+    Record March 16
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17986" NEWID="1568">
+<DATE> 4-MAR-1987 12:00:11.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0811&#31;reute
+s f BC-STANLEY-WORKS-&lt;SWK>-S   03-04 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANLEY WORKS &lt;SWK> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW BRITAIN, Conn., March 4 -
+    </DATELINE><BODY>Qtly div 19 cts vs 19 cts prior
+    Pay March 31
+    Record March 12
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17987" NEWID="1569">
+<DATE> 4-MAR-1987 12:00:40.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0815&#31;reute
+r f BC-NOVELL-INC-&lt;NOVL>-1ST   03-04 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVELL INC &lt;NOVL> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    PROVO, Utah, March 4 -
+    </DATELINE><BODY>Shr 31 cts vs 20 cts
+    Net 3,541,000 vs 2,071,000
+    Sales 29.9 mln vs 14.5 mln
+    Avg shrs 11.6 mln vs 10.4 mln
+    NOTE Fourteen vs 13-week periods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17988" NEWID="1570">
+<DATE> 4-MAR-1987 12:01:01.21</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>poland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0817&#31;reute
+u f BC-FROST-NOT-EXPECTED-TO   03-04 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FROST NOT EXPECTED TO DAMAGE POLAND'S WHEAT</TITLE>
+<DATELINE>    WARSAW, March 4 - </DATELINE><BODY>Poland's winter wheat is likely to
+survive recent frosts but the impact of the cold will not be
+known until late April, the Polish meteorology institute said.
+    Some varieties of winter wheat sown in Poland can survive
+ground temperatures as low as minus 20 degrees C, Spokesman
+Teresa Tomaszewska told Reuters.
+    Even though an earlier thin protective layer of snow mainly
+melted in February, air temperatures down to minus 30 C should
+not be harmful, she said, but added that wheat can still be
+damaged by cold spells in March and April, when young shoots
+may be exposed to night frosts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17989" NEWID="1571">
+<DATE> 4-MAR-1987 12:01:23.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0820&#31;reute
+r f BC-BROWN-FORMAN-&lt;BFDB>-T   03-04 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN-FORMAN &lt;BFDB> TO CHANGE RECORD DATES</TITLE>
+<DATELINE>    LOUISVILE, Ky., March 4 - </DATELINE><BODY>Brown-Forman Inc said at the
+suggestion of the American Stock Exchange it has changed the
+record date for the 28 ct per share quarterly dividend on its
+Class A and Class B common stock that is payable April One to
+March 20 from March 13, to coincide with the record date for a
+three-for-two stock split declared February 26.
+    It said the record date for the dividend on its four pct
+cumulative preferred stock has also been changed to March 20
+from March 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17990" NEWID="1572">
+<DATE> 4-MAR-1987 12:01:32.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0821&#31;reute
+r f BC-GOODYEAR-TIRE-&lt;GT>-DE   03-04 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODYEAR TIRE &lt;GT> DETAILS 1986 TAX REFUND</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Goodyear Tire and Rubber Co said its
+1986 results include a tax refund of 75.7 mln dlrs from the
+costs of restructuring the company in a successful defense
+against a takeover attempt by James Goldsmith.
+    Chairman Robert Mercer said, "Heavy restructuring costs
+related to the takeover attempt combined with government tax
+incentives for investments ... resulted in this federal tax
+refund."
+    The refund was included but not broken out in its initial
+1986 results, a spokesman said. It reported 1986 net income of
+124.1 mln dlrs against 412.4 mln dlrs a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17991" NEWID="1573">
+<DATE> 4-MAR-1987 12:02:14.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0824&#31;reute
+d f BC-GEICO-CORP-&lt;GEC>-NAME   03-04 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEICO CORP &lt;GEC> NAMES NEW BOARD MEMBERS</TITLE>
+<DATELINE>    CHEVY CHASE, Md., - March 4 - </DATELINE><BODY>Geico Corp said it named two
+board members, W. Reid Thompson, chairman and the chief
+executive officer of Potomac Electric Power Company, and Norma
+Brown, major general US Air Force retired.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17992" NEWID="1574">
+<DATE> 4-MAR-1987 12:03:07.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0830&#31;reute
+u f AM-ARMS-TALKS 1STLD  03-04 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PRESENTS MOSCOW WITH DRAFT MISSILE TREATY</TITLE>
+<DATELINE>    GENEVA, March 4 - </DATELINE><BODY>The United States today handed Soviet
+arms negotiators a draft treaty which would eliminate all
+superpower medium-range nuclear missiles in Europe and slash
+such weapons elsewhere to 100 warheads on each side.
+    Maynard Glitman, who heads the American team discussing
+medium-range nuclear forces, told reporters the document, "a
+full treaty text," was now on the negotiating table.
+    The proposal responds to a new Soviet offer to abolish
+"Euromissiles" and cut sharply medium-range nuclear forces
+elsewhere announced by Mikhail Gorbachev last Saturday.
+    The developments have been described by many disarmament
+experts as the first real opening for a superpower accord since
+they resumed arms control talks in March 1985.
+    Glitman presented the draft treaty during a one and a half
+hour meeting at the American diplomatic mission with the Soviet
+team on medium-range missiles headed by Lem Masterkov.
+    He told reporters: "It is a complete document. It has to be
+because we want precision. We don't want any ambiguities."
+    The draft called for elimination - removal and destruction
+- of all superpower medium-range missiles in Europe over five
+years and reduction elsewhere during that period to 100 atomic
+warheads on each side, Glitman added.
+    In Europe, this includes 270 Soviet triple-warhead SS-20's
+and 316 single-warhead U.S. Pershing-2 and cruise missiles.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17993" NEWID="1575">
+<DATE> 4-MAR-1987 12:03:37.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0833&#31;reute
+u f BC-GREAT-NORTHERN-NEKOOS   03-04 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT NORTHERN NEKOOSA &lt;GNN> ANNOUNCES SPLIT</TITLE>
+<DATELINE>    STAMFORD, Conn, March 4 - </DATELINE><BODY>The Great Northern Nekoosa Corp
+said it will recommend to shareholders a two-for-one common
+stock split.
+    The company said it will make the proposal to shareowners
+at its annual mmeting May 6 in Dothan, Ala., near the company's
+Great Southern Paper division operations.
+    In conjunction with the stock split proposal, the
+shareowners will be asked to approve an increase in the
+authorized common stock from 60 mln to 150 mln shares, the
+company said.
+    The company said it will propose an increase in its
+dividend rate if the split is approved effective with the June
+payment.
+    The company said the present rate on GNN common is 43 cts
+per share. The company said it would recommend a quarterly rate
+of 23 cts a share on the split stock. This would be equal to a
+dividend of 46 cts a share on the present common, seven pct
+higher than the current rate.
+    The company said it had increased the dividend by 13 pct
+last December. Great Northern Nekoosa's last common stock
+split, a three-for-two, was in December 1983, it said.
+    As of Dec 31, 1986, there were 26,661,770 shares of GNN
+common stock outstanding, according to the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17994" NEWID="1576">
+<DATE> 4-MAR-1987 12:04:49.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0838&#31;reute
+u f BC-CONED-&lt;ED>-AGREES-TO   03-04 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONED &lt;ED> AGREES TO CUT RATES, WRITE OFF DEBITS</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Consolidated Edison Co of New York Inc
+has agreed to reduce its rates 3.1 pct next month and write-off
+50 mln dlrs of deferred debits, New York Governor Mario M.
+Cuomo said.
+    He told a press conference the 132.5 mln dlr reduction in
+annual rates, along with the removal of 50 mln dlrs in fuel
+charges from base rates are part of an agreement which will
+reduce the utility's base electric rates by about 500 mln dlrs
+per year over the next three years and bar any rate increases
+until at least April 1990.
+    Governor Cuomo said the agreement with Con Ed, which must
+be approved by the State Public Service Commission, was
+negotiated by the State Consumer Protection Board, Public
+Servcice commission Trial Staff, the State Attorney General,
+the City of New York and several other parties.
+    He said the agreement "will produce the first base eldctric
+rate decrease for Con Edison in more than 20 years.
+    As a result of an earlier stipulation, we have already had
+a four year freeze on Con Edison's base electric rates since
+March 1983," he added.
+    Con Edison said the agreement reflects reduced federal
+taxes and lower interest rates.
+    The utility said another factor includes improved economic
+conditions in the New York City area, which led to increased
+sales.
+    It pointed out "declining fuel costs have resulted in an
+average 10 pct decrease in our customers' bills since 1984."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17995" NEWID="1577">
+<DATE> 4-MAR-1987 12:06:21.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0849&#31;reute
+u f BC-BUILDERS-TRANSPORT   03-04 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARRIS LIFTS BUILDERS TRANSPORT &lt;TRUK> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Harris Associates L.P., a Chicago
+investment advisor, said it raised its stake in Builders
+Transport Inc to the equivalent of 466,754 shares, or 9.1 pct
+of the total outstanding, from 335,800 shares, or 6.7 pct.
+    In a filing with the Securities and Exchange Commission,
+Harris said it bought 36,700 Builders Transport common shares
+on Feb 10 at 17 dlrs a share. It also said it bought debentures
+on Feb 23 that could be converted into 94,254 shares.
+    Harris said its dealings in Builders Transport were on
+behalf of its advisory clients. It has also said it has no
+intention of seeking control of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17996" NEWID="1578">
+<DATE> 4-MAR-1987 12:06:59.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0855&#31;reute
+u f BC-PAINE-WEBBER-&lt;PWJ>-IN   03-04 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAINE WEBBER &lt;PWJ> IN FOUR MLN SHARE OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>PaineWebber Inc, The First Boston Corp
+&lt;FBC> and Salomon Inc &lt;SB> said Paine Webber Group Inc has
+made a public offering of four mln shares of 1.375 dlrs
+convertible exchangeable preferred stock, with a liquidation
+preferance of 25 dlrs per share.
+    The firms, co-managers of the underwriting group, said
+Paine Webber originally planned to offer 3.6 mln shares.
+    They added the shares are covertible into Paine Webber
+Group's common stock at a conversion price of 44.125 dlrs a
+share.
+    The underwriters also said the Paine Webber Group will use
+the offering's proceeds to redeem about 60 mln dlrs of
+debentures due 2008 and for general corporate purposes.
+    They added that the preferred stock is redeemable, at the
+company's option, at prices declining to 25 dlrs per share on
+and after March 15, 1997.
+    But, they said its is not redeemable before March 15, 1989,
+unless Paine Webber Group's common stock price equal or
+exceeding 140 pct of the conversion price at the time.
+    The group added the preferred stock also can be exchanged
+on any dividend payment date beginning June 15, 1989, for the
+company's 5-1/2 pct convertible subordinated debentures due
+June 15, 2017.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17997" NEWID="1579">
+<DATE> 4-MAR-1987 12:07:39.63</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>colombia</D><D>el-salvador</D><D>guatemala</D><D>netherlands</D><D>west-germany</D><D>australia</D><D>new-zealand</D><D>uk</D><D>japan</D><D>dominican-republic</D><D>costa-rica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0861&#31;reute
+u f BC-/COFFEE-TALKS-FAILURE   03-04 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE TALKS FAILURE SEEN PRESSURING U.S.</TITLE>
+<AUTHOR>    By Greg McCune, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Failure of talks on re-establishing
+International Coffee Organization, ICO, coffee quotas last week
+may put political pressure on the United States, particularly
+the State Department, to reassess its position, but the U.S. is
+unlikely to back away from its basic demand quotas be set by
+"objective criteria", U.S. officials said.
+    Jon Rosenbaum, assistant U.S. trade representative and head
+of Washington's delegation to the talks, told Reuters on his
+return from London that the United States is willing to resume
+the coffee negotiations as early as April if necessary.
+    Rosenbaum said the United States will be "flexible" in
+discussing the method of establishing objective criteria and
+any transition to new quotas, but not on the basic aim of
+establishing an objective method of setting quotas.
+    At the ICO talks major consuming nations, led by the U.S.,
+proposed that future coffee export quota shares be calculated
+by a formula incorporating a producer's recent exportable
+production and verified stocks, while large producers led by
+Brazil proposed maintaining the traditional ad hoc division of
+shares. The consumer position would have in effect reduced the
+market share of Brazil, by far the world's largest producer.
+    Rosenbaum said the administration would continue to support
+legislation now before Congress which would allow the U.S.
+customs service to monitor coffee imports, as a way to comply
+with any future coffee quotas.
+    He said the Reagan administration would be reviewing the
+coffee policy situation following the collapse of the London
+talks, but "nobody is proposing we change our position."
+    However, other U.S. government officials involved in coffee
+policy said they are bracing for a diplomatic and coffee market
+offensive from producer countries, led by Brazil and Colombia,
+to soften the consumer position.
+    "Knowing that its next crop is fairly large, Brazil will
+kind of want to test the resolve of other producers and
+consumers," said one U.S. official.
+    The U.S. official, who asked not to be identified, said
+Brazil and Colombia may flood the coffee market in the next few
+months in an effort to drive down prices and pressure other
+countries, particularly the splinter group of small producers
+who differed with the major producers in London.
+    This in turn could lead to urgent appeals from Latin
+American countries, faced with mounting debt problems, to the
+U.S. State department, and to the National Security Council in
+the White House, for an easing of the U.S. position, U.S.
+officials said.
+    The State department, a major player in setting U.S. coffee
+policy, may then face conflicting pressures, particularly from
+politically-sensitive U.S. allies in Central America, U.S.
+officials said.
+    El Salvador and Guatemala both backed Brazil and Colombia
+at the London talks in resisting pressures for quotas based on
+objective criteria. But the Dominican Republic and Costa Rica
+joined the splinter group, which said it would agree to
+objective criteria.
+    There is a strong feeling among some in the State
+Department that the United States should continue to support
+the splinter group of producers who have taken the
+politically-risky step of opposing Brazil on the objective
+criteria question, U.S. officials said.
+    Within the consuming countries there also is expected to be
+some pressure to reassess positions.
+    In London, the U.S. was supported by the U.K., the
+Netherlands, West Germany, Japan, Australia and New Zealand on
+the issue of objective criteria, U.S. officials said.
+    This bloc represented enough votes among consuming nations
+to successfully prevent adoption of the producer proposals.
+    However, U.S. sources said West Germany's support was at
+times qualified and there is some concern that the European
+Community could come under pressure to be more accommodative to
+producers in future talks. France backed the Ivory Coast and
+other African producers during the talks.
+    A softening of the EC stance would make it more difficult,
+although not impossible, for the U.S. to block producer plans.
+    While political manuevering by small producers and
+consuming countries will be important, U.S. officials said the
+key to any future outcome will be Brazil's position.
+    U.S. officials blamed Brazil's intransigence for the
+failure of the talks and said a more flexible position from
+Brasilia would be the most important step toward agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17998" NEWID="1580">
+<DATE> 4-MAR-1987 12:09:18.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0865&#31;reute
+u f BC-IBM-&lt;IBM>-DEMONSTRATE   03-04 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> DEMONSTRATES NEW CHIP</TITLE>
+<DATELINE>    YORKTOWN HEIGHTS, N.Y., March 4 - </DATELINE><BODY>International Business
+Machines Corp said it demonstrated an experimental computer
+chip called an opto-electronic receiver that transforms light
+into electrical signals that translate into computer language.
+    IBM said the chip is two times faster than any similar chip
+reported and can read 40 encyclopedia volumes a second.
+    The chip is made of gallium arsenide which moves electrical
+signals faster than the silicon used in most computer circuits.
+    IBM also said that since gallium arsenide is more efficient
+in turning light signals into electrical signals, it seems to
+be an ideal material for the light-based computer
+communications expected to be widely used in the future.
+    The chip's speed is also enhanced through the elimination
+of wiring by placing the functionally dissimilar photodetector
+and transistor circuitry close together.
+    Bringing these elements closer together also isolates the
+receiver from other electronic circuits and reduces noise and
+distortion, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17999" NEWID="1581">
+<DATE> 4-MAR-1987 12:12:01.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0885&#31;reute
+u f BC-EXOVIR   03-04 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS HAVE 12.9 PCT OF EXOVIR &lt;XOVR></TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Mark Hammer, a private investor from
+Melville, N.Y., and members of his family told the Securities
+and Exchange Commission they have acquired a total of 375,200
+shares of Exovir Inc, or 12.9 pct of the total outstanding.
+    Hammer said his group has been accumulating Exovir stock
+since Oct 28, 1985 for investment purposes and may buy more
+shares or sell all or part of his current stake.
+    While he said he has no intention of seeking control of the
+company, Hammer said that because of his "extensive business
+experience" and his interest in Exovir stock, he may be
+"invited" to become a member of the company's board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18000" NEWID="1582">
+<DATE> 4-MAR-1987 12:12:30.30</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sorghum</D><D>oilseed</D><D>sunseed</D><D>soybean</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0887&#31;reute
+u f BC-TORRENTIAL-RAINS-HALT   03-04 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORRENTIAL RAINS HALT ARGENTINE GRAIN HARVEST</TITLE>
+<AUTHOR>    By Manuel Villanueva, Reuters</AUTHOR>
+<DATELINE>    BUENOS AIRES, March 4 - </DATELINE><BODY>Torrential rains throughout
+Argentina's grain-producing areas virtually paralysed coarse
+grain harvesting in the week to yesterday, trade sources said.
+    Sunflower, maize and sorghum harvests were particularly
+affected, they said. But the rains proved to be a great aid to
+soybean crops as their harvesting will not begin until April or
+May.
+    The rains did no damage to maize, sunflower and sorghum
+crops though fresh rains in similar volume could reduce yields
+and cut the total volume of this year's harvest.
+    Rainfall measured between 15 and 270 mm in Buenos Aires,
+with the heaviest rains in the province's western sectors,
+between 15 and 100 mm in Cordoba, 15 and 120 mm in La Pampa, 10
+and 75 mm in Santa Fe, 10 and 60 mm in Entre Rios, five and 40
+mm in Misiones, and five and 50 mm in San Luis.
+    No rain was recorded in Corrientes, Chaco and Formosa.
+    Growers did not revise their estimates for total volume of
+the coarse grain harvest over last week's estimates.
+    Maize harvesting continued moving forward in central Santa
+Fe, though slowly. Growers had harvested seven to nine pct of
+total planted area, compared to five to seven pct last week.
+    Total maize area planted for the 1986/87 harvest was
+estimated at between 3.58 and 3.78 mln hectares, or two to
+seven pct less than the 3.85 mln hectares planted in the
+1985/86 harvest.
+    Maize production is expected to total between 10.4 and 11
+mln tonnes, or a drop of 17.5 to 19.4 pct over the 12.4 to 12.6
+mln tonnes harvested last year according to private estimates,
+or 18.9 to 21.9 pct lower than last year's volume, according to
+official figures.
+    The sunflower harvest advanced to between seven and nine
+pct of total planted area.
+    Two to 2.2 mln hectares have been planted with sunflowers
+for this harvest, down 29.9 to 36.3 pct from last year's figure
+of 3.14 mln hectares.
+    Sunflower production is expected to total between 2.4 mln
+and 2.7 mln tonnes, which would mean a drop of between 34.1 and
+41.5 pct against the record 4.1 mln tonnes harvested in the
+1985/86 harvest.
+    Grain sorghum harvesting inched forward to between two and
+four pct of total planted area, which this harvest is 1.23 to
+1.30 mln hectares or 10.3 to 15.2 pct less than the 1.45 mln
+hectares planted in the 1985/86 harvest.
+    Sorghum production is expected to total between 3.2 mln and
+3.5 mln tonnes, or 16.7 to 22 pct less than the 4.1 to 4.2
+million tonnes harvested in 1985/86.
+    Soybean production, by contrast, is expected to hit a
+record 8.0 to 8.4 mln tonnes, which would mean an increase of
+11.1 to 15.1 pct over last year's record figure of 7.2 to 7.3
+mln tonnes, according to private estimates. Official figures
+put last year's soybean harvest at 7.1 mln tonnes.
+    Soybean crops were reported to be in generally very good
+condition, helped by abundant rains and high temperatures.
+    Total soybean-planted area for the 1986/87 harvest is
+expected to be a record 3.7 to 3.8 mln hectares, up 10.8 to
+13.8 pct from last year's harvest figure of 3.34 mln hectares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18001" NEWID="1583">
+<DATE> 4-MAR-1987 12:14:28.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0902&#31;reute
+r f BC-DELTA-&lt;DAL>-UNIT-POST   03-04 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTA &lt;DAL> UNIT POSTS LOWER LOAD FACTOR</TITLE>
+<DATELINE>    LOS ANGELES, March 4 - </DATELINE><BODY>The Western Airlines unit of Delta
+Air Lines Inc said its February load factor fell to 52.6 pct
+from 57 pct a year earlier and its year-to-date load factor was
+down to 52.2 pct from 54.8 pct during the same period last
+year.
+    February revenue passenger miles rose to 790 mln from 786
+mln a year earlier and year-to-date revenue miles were up to
+1.64 billion from 1.60 billion.
+    Available seat miles for the month increased to 1.50
+billion from 1.38 billion and for the first two months of the
+year available miles were up to 3.14 billion from 2.92 billion,
+Western Airlines said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18002" NEWID="1584">
+<DATE> 4-MAR-1987 12:14:37.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0903&#31;reute
+r f BC-LOTUS-&lt;LOTS>-TO-ACQUI   03-04 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOTUS &lt;LOTS> TO ACQUIRE &lt;COMPUTER ACCESS CORP></TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 4 - </DATELINE><BODY>Lotus Development Corp said it
+has signed a letter of intent to acquire substantially all of
+the assets of Computer Access Corp for undisclosed terms.
+    Computer Asscess makes BlueFish full-text search and
+retrieval software for International Business Machines Corp
+&lt;IBM> and compatible personal computers.
+    The company said the acquisition is subject to approval by
+both boards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18003" NEWID="1585">
+<DATE> 4-MAR-1987 12:14:50.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0905&#31;reute
+r f BC-EQUITABLE-OF-IOWA-COS   03-04 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITABLE OF IOWA COS &lt;EQICA> 4TH QTR NET</TITLE>
+<DATELINE>    DES MOINES, Iowa, March 4 -
+    </DATELINE><BODY>Oper shr 78 cts vs 51 cts
+    Oper net 7,030,000 vs 4,944,000
+    Revs 126.6 mln vs 120.9 mln
+    Year
+    Oper shr 1.59 dlrs vs 89 cts
+    Oper net 14.7 mln vs 9,864,000
+    Revs 425.1 mln vs 416.9 mln
+    NOTE: Net excludes realized gains on investment of 73,000
+dlrs vs 4,224,000 dlrs in quarter and 6,253,000 vs 14.5 mln
+dlrs in year.
+    Net excludes discontinued Massachusetts Casualty operations
+loss 5,180,000 dlrs vs gain 778,000 dlrs in quarter and gain
+9,214,000 dlrs vs gain 3,504,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18004" NEWID="1586">
+<DATE> 4-MAR-1987 12:15:58.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0911&#31;reute
+u f BC-CORROON-AND-BLACK-COR   03-04 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORROON AND BLACK CORP &lt;CBL> RAISES QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 4 -
+    </DATELINE><BODY>Qtly div 21 cts vs 16-1/4 cts prior
+    Pay April One
+    Record March 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18005" NEWID="1587">
+<DATE> 4-MAR-1987 12:16:31.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0914&#31;reute
+r f BC-CHEYENNE-RESOURCES-&lt;C   03-04 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEYENNE RESOURCES &lt;CHYN> COMPLETES RESTRUCTURE</TITLE>
+<DATELINE>    CHEYENNE, Wyo., March 4 - </DATELINE><BODY>Cheyenne Resources Inc said it
+has restructured its 499,750 debt to the First Interstate Bank
+of Denver to 250,000.
+    It said it gave the bank 500,000 shares of restricted
+Cheyenne Resources common stock. It said it would pay the
+balance on a monthly basis over 28 months.
+    Cheyenne also reported it had settled out of court a
+112,000 dlr judgment against it for 60,000 dlrs. It said the
+judgment involved a land sale which Cheyenne refused payment on
+after it learned it was not the land advertised in the sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18006" NEWID="1588">
+<DATE> 4-MAR-1987 12:17:33.20</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0921&#31;reute
+d f BC-EC-APPOINTS-NEW-TRADE   03-04 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC APPOINTS NEW TRADE CHIEF</TITLE>
+<DATELINE>    BRUSSELS, March 4 - </DATELINE><BODY>The European Community Commission today
+appointed its chief spokesman, Hugo Paemen, as its top official
+in charge of multilateral trade negotiations, a Commission
+spokesman said.
+    Paemen, a Belgian official who had previously been chief
+aide to former External Affairs Commissioner Etienne Davignon,
+has been in his post since January 1985.
+    The spokesman said Paemen will continue as chief spokesman
+until the retirement on May 1 of Paul Luyten, who is now in
+charge of EC departments handling negotiations in the world
+trade body GATT, the OECD and other forums.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18007" NEWID="1589">
+<DATE> 4-MAR-1987 12:20:16.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0928&#31;reute
+f f BC-******EASTMAN-KODAK-C   03-04 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EASTMAN KODAK CO FILES 900 MLN DLR DEBT SHELF REGISTRATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18008" NEWID="1590">
+<DATE> 4-MAR-1987 12:20:29.29</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>cotton</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0929&#31;reute
+u f BC-U.S.-SENATOR-TO-PROPO   03-04 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATOR TO PROPOSE 0/92 FOR 1987 CROPS</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Sen. Rudy Boschwitz, R-Minn., said he
+intended to offer legislation that would allow 1987 producers
+of wheat, feedgrains, cotton and rice to receive at least 92
+pct of their deficiency payments, regardless of how much they
+planted.
+    Boschwitz told the Senate Agriculture Committee that
+applying the so-called 0/92 provision to 1987 crops was
+supported by the Reagan administration and would save
+approximately 500 mln dlrs, including 266 mln dlrs in corn
+payments, 90 mln dlrs in wheat and 30 mln dlrs in cotton.
+    The Minnesota senator said he might offer the bill on the
+Senate floor or in a conference committee with the House of
+Representatives in the event a similar bill before the House
+Agriculture Committee is approved by that body.
+    Boschwitz told Reuters that neither he nor the U.S.
+Agriculture Department had decided whether or how deficiency
+payments should be guaranteed to farmers who might choose not
+to plant under the decoupling scheme.
+    If payments are not set in advance under decoupling, market
+prices conceivably could rise, thereby leading to diminished
+deficiency payments.
+    Senate Agriculture Committee Chairman Patrick Leahy, D-Vt.,
+said he wanted to go to conference with the House as soon as
+possible on the issue, but would have to study the matter
+further before deciding how he would vote on it.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18009" NEWID="1591">
+<DATE> 4-MAR-1987 12:20:50.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>switzerland</D></PLACES>
+<PEOPLE><D>languetin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0930&#31;reute
+r f BC-BRAZILIAN-FINANCE-MIN   03-04 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN FINANCE MINISTER MEETS SWISS OFFICIALS</TITLE>
+<DATELINE>    BERNE, March 4 - </DATELINE><BODY>Brazilian Finance Minister Dilson Funaro
+met his Swiss counterpart Otto Stich, Swiss Economics Minister
+Jean-Pascal Delamuraz and National Bank President Pierre
+Languetin on the fourth leg of a tour to discuss his country's
+debt problems.
+    Funaro told reporters his trip, which has already taken him
+to London, Paris and Bonn, was aimed at explaining his
+country's stance to governments. Talks with commercial banks
+will take place at a later date.
+    Funaro said a mechanism would have to be found to end
+Brazil's debt crisis but it would not be easy.
+    Brazil would not repeat the measures it took in response to
+its debt crisis of 1982, which he said had provoked the biggest
+recession in his country's history, he added.
+    He said European and Japanese banks were showing a more
+flexible attitude towards Brazil's problems than U.S. Banks and
+it was difficult to discuss capitalisation with the latter.
+    A Swiss official said the Brazilian delegation had made no
+demands.
+    Funaro, who travels to Italy this evening, said it was
+unclear if he would go to Japan on Friday or return to Brazil
+first.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18010" NEWID="1592">
+<DATE> 4-MAR-1987 12:23:06.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0941&#31;reute
+f f BC-******CHRYSLER-LATE-F   03-04 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER LATE-FEBRUARY U.S.-BUILT CAR SALES UP 11 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18011" NEWID="1593">
+<DATE> 4-MAR-1987 12:23:44.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0946&#31;reute
+b f BC-******UAW-TO-MEET-WIT   03-04 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UAW TO MEET WITH PRESS THIS AFTERNOON ON AMERICAN MOTORS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18012" NEWID="1594">
+<DATE> 4-MAR-1987 12:24:29.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0952&#31;reute
+r f BC-GATT-TO-RULE-ON-U.S.   03-04 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT TO RULE ON U.S. CUSTOMS USER FEE DISPUTE</TITLE>
+<DATELINE>    GENEVA, March 4 - </DATELINE><BODY>The world trade body GATT has decided to
+set up an arbitration panel to rule on objections by Canada and
+the European Community to a customs user fee imposed by the
+U.S. Government, a GATT spokesman said.
+    Canada and the EC told a GATT (General Agreement on Tariffs
+and Trade) council meeting that the fee, which imposes a tax on
+an ad valorem basis on imports as of December 1, 1986, is
+illegal under GATT rules.
+    U.S. Ambassador Michael Samuels said the fee, imposed by
+the U.S. To help cover customs expenditure as part of the
+Consolidated Omnibus Budget Reconciliation Act of 1985, does
+not breach GATT rules and is similar to fees charged by many
+other countries.
+    Samuels suggested that a working party be set up to examine
+the dispute, instead of a panel empowered to rule on it.
+    In another development, Hong Kong, supported by a large
+number of developing countries, attacked the "textile and
+apparel trade act of 1987" introduced in the U.S. Congress last
+February 19.
+    Hong Kong representative Michael Cartland said the bill is
+"blatantly protectionist." He added there is "almost nothing about
+the bill which could be regarded as in any way consistent with
+either the GATT or the Multi-Fibre Arrangement (MFA)."
+    If the bill were to be passed by Congress, Cartland said "it
+would forestall any attempt to negotiate liberalisation of
+world trade in textiles."
+    GATT's council also decided to set up a working party to
+study China's application for full GATT membership. The group
+is due to report to the next GATT council meeting on April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18013" NEWID="1595">
+<DATE> 4-MAR-1987 12:29:32.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0969&#31;reute
+u f BC-NATIONAL-HEALTHCARE-&lt;   03-04 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL HEALTHCARE &lt;NHCI> GETS DEFAULT WAIVERS</TITLE>
+<DATELINE>    DOTHAN, Ala., March 4 - </DATELINE><BODY>National Healthcare Inc said it has
+received a waiver until May 26 of its technical defaults under
+covenants of its bank credit agreement.
+    The company said that under an amendment to the credit
+agreement, its line of credit has been cut to 125 mln dlrs due
+to reduced requirements for acquisition financing, interest on
+all borrowings has been increased and National Healthcare has
+agreed to provide additional collateral.
+    It said the banks have advanced it another six mln dlrs for
+working capital, bringing the total borrowed against the line
+to about 120 mln dlrs.
+    National Healthcare said that during the waiver period it
+intends to seek more permanent modifications to covenants of
+the bank credit agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18014" NEWID="1596">
+<DATE> 4-MAR-1987 12:30:20.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0972&#31;reute
+u f BC-MCDONALD'S-&lt;MCD>-FILE   03-04 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONALD'S &lt;MCD> FILES 300 MLN DLRS SHELF OFFER</TITLE>
+<DATELINE>    OAK BROOK, ILL., March 4 - </DATELINE><BODY>McDonald's Corp said it filed a
+shelf registration with the Securities and Exchange Commission
+covering 300 mln dlrs of debt securities.
+    McDonald's said it intends to issue the securities from
+time to time, denominated in U.S. dollars, and/or other
+currencies including European Currency Units.
+    Proceeds may be used for debt refinancings, capital
+expenditures and other general corporate purposes, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18015" NEWID="1597">
+<DATE> 4-MAR-1987 12:31:27.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0978&#31;reute
+r f BC-DAIRY-PACT-MAY-DESTAB   03-04 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC DAIRY PACT MAY DISRUPT MARKET - DUTCH FARMERS</TITLE>
+<DATELINE>    ROTTERDAM, March 4 - </DATELINE><BODY>The new European Community dairy
+regime agreed last night is too complicated and may destabilise
+prices, Abele Kuypers, secretary of the dairy section of the
+Dutch farmers' organisation Landbouwschap said.
+    He welcomed the decision to write off existing stocks of
+butter and skimmed milk powder and agreed there should be some
+reduction of pressure on stores but said the Landbouwschap was
+unhappy at the mechanism for limiting sales to intervention
+except when prices fall too far.
+    But Harm Schelhaas, chairman of the Milk Commodity Board,
+was less worried by the new dairy regime. Dutch milk output
+will fall by up to six pct this year due to the new regime, but
+cheese output should rise, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18016" NEWID="1598">
+<DATE> 4-MAR-1987 12:32:08.30</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0982&#31;reute
+u f BC-INDIA-BUYS-UP-TO-10-C   03-04 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA BUYS UP TO 10 CARGOES SUGAR - TRADERS</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>India bought up to 10 cargoes of white
+sugar at a buying tender today which originally called for just
+two to three cargoes of March/April shipment, traders said.
+    London trader E D and F Man said it sold two cargoes at 233
+dlrs a tonne CIF for March/April shipment with an option to
+sell an additional two cargoes at the same price.
+    Traders said at least one other international trader made a
+similar contract while a French house sold two cargoes at an
+outright price of 233 dlrs CIF without the option. This brought
+total Indian purchases to at least six cargoes with traders
+having options to sell another four.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18017" NEWID="1599">
+<DATE> 4-MAR-1987 12:32:50.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0985&#31;reute
+b f BC-CHRYSLER-&lt;C>-LATE-FEB   03-04 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> LATE-FEBRUARY SALES RISE 11 PCT</TITLE>
+<DATELINE>    DETROIT, March 4 - </DATELINE><BODY>Chrysler Corp said sales of its
+U.S.-built cars rose 11 pct in the February 20-28 period to
+30,634 units compared to 27,526 in the period a year ago.
+    There were seven selling days in both periods.
+    For the month of February sales fell two pct to 78,508 cars
+from 80,322 a year ago.
+    Year-to-date sales were not immediately available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18018" NEWID="1600">
+<DATE> 4-MAR-1987 12:34:17.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0991&#31;reute
+r f BC-TWA-&lt;TWA>-GETS-LONDON   03-04 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> GETS LONDON/BALTIMORE ROUTE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The Department of Transportation said
+it has tentatively awarded the Baltimore to London route to
+Trans World Airlines Inc.
+    The DOT issued a show cause order which give interested
+parties seven days to question the decision.
+    In addition, the White House must decide on the choice
+under foreign policy and national security grounds.
+    The DOT said the route became avaialable when it was
+abandoned last September by World Airways Inc.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18019" NEWID="1601">
+<DATE> 4-MAR-1987 12:35:09.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0998&#31;reute
+r f BC-HAYES-ALBION-&lt;HAY>-DE   03-04 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAYES-ALBION &lt;HAY> DELAYS SPECIAL MEETING</TITLE>
+<DATELINE>    JACKSON, Mich., March 4 - </DATELINE><BODY>Hayes-Albion Corp said it has
+delayed the special meeting at which shareholders will vote on
+its merger into Harvard Industries Inc &lt;HAVA> until March 24
+from March 17 due to a delay in Securities and Exchange
+Commission clearance of proxy materials.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18020" NEWID="1602">
+<DATE> 4-MAR-1987 12:36:48.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0008&#31;reute
+u f BC-GROSSMAN'S-INC-&lt;GROS>   03-04 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROSSMAN'S INC &lt;GROS> 4TH QTR LOSS</TITLE>
+<DATELINE>    BRAINTREE, Mass., March 4 -
+    </DATELINE><BODY>Oper shr loss nine cts vs profit 12 cts
+    Oper net loss 1,791,000 vs profit 2,336,000
+    Sales 242.9 mln vs 225.8 mln
+    Year
+    Oper shr profit 15 cts vs loss 17 cts
+    Oper net profit 2,925,000 vs loss 3,324,000
+    Sales 1.01 billion vs 875.6 mln
+    NOTE: Net includes discontinued operations gain 2,437,000
+dlrs vs loss 190.0 mln dlrs in quarter and losses 75.6 mln dlrs
+vs 227.7 mln dlrs in year.
+    Net includes loss 294,000 dlrs vs nil in quarter and gain
+224.8 mln dlrs vs loss 1,750,000 dlrs in year from settlement
+of liabilities under plan of reorganization from Chapter 11
+bankruptcy.
+    1986 quarter net includes 2,300,000 dlr provision for loss
+on future store closings offset by reduction in pension
+liabilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18021" NEWID="1603">
+<DATE> 4-MAR-1987 12:39:01.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0018&#31;reute
+u f BC-EASTMAN-KODAK-&lt;EK>-FI   03-04 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTMAN KODAK &lt;EK> FILES FOR DEBT OFFERING</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 4 - </DATELINE><BODY>Eastman Kodak Co said it filed a
+shelf registration with the Securities and Exchange commission
+for debt securities totaling 900 mln dlrs.
+    The company, which has 576,000 dlrs remaining from a shelf
+registration of 450 mln dlrs last June, said the borrowing is
+intended for general corporate purposes, including the
+refinancing of existing indebtedness, additions to working
+capital, capital expenditures and acquisitions.
+    Kodak said there is no specific need at this time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18022" NEWID="1604">
+<DATE> 4-MAR-1987 12:39:08.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0019&#31;reute
+r f BC-CENTERIOR-ENERGY-CORP   03-04 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTERIOR ENERGY CORP &lt;CX> REDEEMING BONDS</TITLE>
+<DATELINE>    CLEVELAND, March 4 - </DATELINE><BODY>Centerior Energy Corp's Cleveland
+Electric Illuminating Co subsidiary sdaid it will redeem on
+April Three all 75 mln dlrs of its 16-5/8 pct first mortgage
+bonds due 2012 at 1,120 dlrs per 1,000 dlrs principal amount
+plus accrued interest of 14.78 dlrs.
+    It said funds for the redemption came from the sale of 300
+mln dlrs of 9-3/8 pct first mortgage bonds due 2017 in February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18023" NEWID="1605">
+<DATE> 4-MAR-1987 12:39:39.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0021&#31;reute
+r f BC-FEDERAL-EXPRESS-TENTA   03-04 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL EXPRESS TENTATIVELY GETS US/TOKYO ROUTE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The Department of Transportation said
+that an administrative law judge had recommended that small
+package service between the United States and Tokyo be granted
+to Federal Express Corp &lt;FDX>.
+    A final decision by the department is expected within 90
+days.
+    In addition, the department said the law judge recommended
+that backup service be granted to &lt;Orion Air Inc>. The order,
+if finally approved, would be for five years in the case of
+Federal and one year in the case of Orion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18024" NEWID="1606">
+<DATE> 4-MAR-1987 12:40:36.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0022&#31;reute
+u f BC-COMDATA-NETWORK-&lt;CDN>   03-04 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMDATA NETWORK &lt;CDN> IN NEW ACQUISITION TALKS</TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 4 - </DATELINE><BODY>Comdata Network Inc said it is
+in active talks with other parties on a possible acquisition or
+recapitalization of Comdata in an effort to maximize
+shareholder values.
+    Comdata said &lt;Rosewood Financial Inc> together with
+&lt;Cypress Partners LP> and &lt;Driftwood Ltd> have acquired over
+five pct of Comdata stock and Rosewood intends to acquire over
+15 pct of Comdata.
+    Comdata said it has not yet reached a definitive agreement
+with &lt;Mason Best Co> for the previously-announced
+recapitalization and self-tender offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18025" NEWID="1607">
+<DATE> 4-MAR-1987 12:41:39.90</DATE>
+<TOPICS><D>gold</D><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0025&#31;reute
+d f BC-NORTHGATE-&lt;NGX>-QUEBE   03-04 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHGATE &lt;NGX> QUEBEC ORE RESERVES DECLINE</TITLE>
+<DATELINE>    TORONTO, March 4 - </DATELINE><BODY>Northgate Exploration Ltd said year-end
+1986 ore reserves at its two Chibougamau mines in Quebec fell
+to 8,141,150 short tons grading 0.077 ounce gold a ton and 1.63
+pct copper from year-earlier 8,462,000 tons grading 0.077 ounce
+gold ton and 1.67 pct copper.
+    The company said it launched a 700,000 dlr exploration
+program at the mines to increase production and ensure the
+operations' continued long life.
+    Ore production totaled 650,653 tons last year, it said,
+estimating year-end reserves contained about 627,000 ounces of
+gold and 265 mln pounds of copper.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18026" NEWID="1608">
+<DATE> 4-MAR-1987 12:42:02.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0028&#31;reute
+h f BC-WEBCOR-ELECTRONICS-IN   03-04 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEBCOR ELECTRONICS INC &lt;WER> 3RD QTR DEC 31</TITLE>
+<DATELINE>    GARDEN CITY, N.Y., March 4 -
+    </DATELINE><BODY>Shr loss 51 cts vs loss 44 cts
+    Net loss 1.8 mln vs loss 1.5 mln
+    Revs 3.1 vs 5.4 mln
+    Nine months
+    Shr loss 1.16 dlrs vs loss 1.33 dlrs
+    Net loss 4.0 mln vs loss 4.6 mln
+    Revs 9.9 mln vs 12.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18027" NEWID="1609">
+<DATE> 4-MAR-1987 12:42:41.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0032&#31;reute
+u f BC-PORSCHE-CARS-NORTH-AM   03-04 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORSCHE CARS NORTH AMERICA REPORTS LOWER SALES</TITLE>
+<DATELINE>    RENO, Nev., Mach 4 - </DATELINE><BODY>Porsche Cars North America said it
+sold 1,815 cars during February, down from 2,129 cars during
+February of 1986.
+    The company said sales since the beginning of the year
+totaled 3,469, down from 3,862 a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18028" NEWID="1610">
+<DATE> 4-MAR-1987 12:43:21.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0035&#31;reute
+h f BC-COMMUNICATIONS-SYSTEM   03-04 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNICATIONS SYSTEMS INC &lt;CSII> 4TH QTR NET</TITLE>
+<DATELINE>    HECTOR, MINN., March 4 - 
+    </DATELINE><BODY>Shr 12 cts vs 10 cts
+    Net 613,986 vs 534,093
+    Revs 9,494,570 vs 7,591,564
+    Year
+    Shr 41 cts vs 59 cts
+    Net 2,151,130 vs 3,111,317
+    Revs 35.9 mln vs 33.7 mln
+    NOTE: 1986 net includes gains from discontinued operations
+equal to three cts compared with nine cts in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18029" NEWID="1611">
+<DATE> 4-MAR-1987 12:44:30.99</DATE>
+<TOPICS><D>bop</D><D>trade</D><D>gnp</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0039&#31;reute
+u f BC-TURKEY-SEES-1.5-BILLI   03-04 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY SEES 1.5 BILLION DLR DEFICIT IN 1986</TITLE>
+<DATELINE>    ANKARA, March 4 - </DATELINE><BODY>Turkey expects a 1986 balance of payments
+deficit of 1.5 billion dlrs, well over target, but is taking
+steps to improve its performance in this and other fields, Ali
+Tigrel, director of economic planning at the State Planning
+Organisation said.
+    He told Reuters the shortfall was a direct consequence of
+economic growth of nearly eight pct, up from 5.1 pct in 1985,
+which he said resulted mostly from a surge in domestic demand.
+    Tigrel acknowledged a need to cut inflation further after a
+drop of more than 12 points to 24.6 pct in the Treasury
+wholesale index last year.
+    This year's target of 20 pct "might be attainable but the
+economic management will have to be careful," he said.
+    Tigrel, whose department produces the annual programme
+which is central to the government's economic planning, said
+Turkey's creditworthiness was at risk over the current account
+shortfall, originally targeted at 695 mln dlrs.
+    "We must alleviate the current account substantially to
+sustain the creditworthiness that we have managed to secure
+over the last five years," he added.
+    His comment echoed last October's Organisation for Economic
+Cooperation and Development report on Turkey, which said
+Ankara's case for more medium-term financing on better terms
+would look better if inflation were lower and the current
+account deficit cut or turned into a surplus.
+    "In 1987 we must reduce the rate of growth in public sector
+investments, we must reduce the public sector deficit as a
+percentage of GNP and we must achieve a very visible
+improvement in the current account deficit," he said.
+    Tigrel said a surge in public sector spending last year was
+also to blame for the high deficits.
+    Appropriations to government departments had been cut by
+eight pct since the budget was passed in December and foreign
+borrowing by municipalities had been restrained.
+    "We are trying make sure that public bodies stick to the
+investment programme and do not exceed their appropriations," he
+said. It was hoped to bring the public sector borrowing
+requirement down to five pct of GNP in 1987 from an estimated
+5.6 pct in 1986.
+    More modest GNP growth of five pct for 1987 was also
+targeted, Tigrel said. Measures were being taken to encourage
+exports, and production incentives were being considered.
+    "We must try to make sure that more capacity is injected
+into the Turkish economy in the coming years. The promotion
+policy is geared to make sure that both foreign investment and
+local private capital come more into play as far as
+manufacturing capacity is concerned," Tigrel said.
+    He said the process of structural adjustment of the Turkish
+economy to free market policies, begun in 1980, was still under
+way. Trade had been liberalised and a freer exchange rate
+policy applied, but he acknowledged there was more to be done
+in a country where the state still dominates industry and the
+currency is only partially convertible.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18030" NEWID="1612">
+<DATE> 4-MAR-1987 12:46:30.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0050&#31;reute
+f f BC-******GENERAL-MOTORS   03-04 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL MOTORS LATE FEBRUARY CAR SALES OFF 8.6 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18031" NEWID="1613">
+<DATE> 4-MAR-1987 12:48:12.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0059&#31;reute
+f f BC-******AMERICAN-MOTORS   03-04 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN MOTORS LATE FEBRUARY U.S. CAR SALES OFF 65 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18032" NEWID="1614">
+<DATE> 4-MAR-1987 12:49:27.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0065&#31;reute
+u f BC-UAW-TO-MEET-WITH-PRES   03-04 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW TO MEET WITH PRESS ON AMERICAN MOTORS &lt;AMO></TITLE>
+<DATELINE>    DETROIT, March 4 - </DATELINE><BODY>United Auto Workers vice president Marc
+Stepp said he will meet with reporters this afternoon on the
+union's negotiations with American Motors Corp.
+    A union spokesman was not immediately available to discuss
+the content of the press conference, set to begin at 1530 EST.
+    Both the union and American Motors this week have voiced
+willingness to return to the negotiating table to try to hammer
+out a contract for UAW workers at the automakers' Kenosha,
+Wis., facility, after talks broke down last weekend.
+     An American Motors spokesman said no time or place has yet
+been set to resume the talks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18033" NEWID="1615">
+<DATE> 4-MAR-1987 12:50:47.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0068&#31;reute
+b f BC-fordcanada   03-04 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORD CANADA FEBRUARY CAR SALES FALL TO 13,734 UNITS FROM YEAR-AGO 14,589
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18034" NEWID="1616">
+<DATE> 4-MAR-1987 12:51:02.20</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f0069&#31;reute
+r f BC-ENERGY/CALIFORNIA-OIL   03-04 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY/CALIFORNIA OIL PRODUCTION</TITLE>
+<AUTHOR>    BY MICHAEL FITZPATRICK, Reuters</AUTHOR>
+<DATELINE>    LOS ANGELES, March 4 - </DATELINE><BODY>Drilling for oil in California is
+likely to continue at last year's sharply reduced levels
+despite recent gains in crude oil prices, industry analysts
+said.
+    Because much of the crude oil in California fields is
+thick, heavy and expensive to extract, oil prices would have to
+increase to near 1985's levels before any significant recovery
+is seen in drilling, they said.
+    "Companies will probably only drill their best prospects,"
+said John Curti, an analyst with Birr Wilson Securities Inc.
+    Few new wells now are being drilled.
+    Only 33 rigs, about one-quarter of the total available,
+were drilling for oil onshore in California last week, compared
+to about 70 last year, said Bill Bolster of Munger Oil
+Information Services, which tracks California drilling
+activity.
+    "It's in the dregs right now," said Bolster of the state's
+drilling activity.
+    Current prices are not enough to justify increased
+drilling, said Ed Malmgreen of the California Independent
+Producers Association.
+    While an Organization of Petroleum Exporting Countries pact
+to curb production boosted oil prices early this year, prices
+eventually fell.
+    Prices for California's marker grade, Line 63 blend, have
+slumped about 20 pct in the last month to 14 dlrs from a high
+of about 17 dlrs.
+    More than half of California's oil comes from stripper
+wells, those producing less than 10 barrels a day, and that
+much of that oil costs between 18 and 25 dlrs a barrel to
+extract, Malmgreen said.
+    "It's not unusual for a stripper well to cost 18 dlrs,"
+Malmgreen said.
+    Many stripper wells along the southern California coast
+produce eight times as much water as crude oil, and inland
+wells frequently require the use of steam injection to spur
+extraction of the thick, heavy oil, he said.
+    The outlook for future production in California is clouded
+by a lack of exploratory drilling now, analysts said.
+    In the heart of California's oil patch, Kern County, which
+produces about two-thirds of the state's oil, exploratory
+drilling has slowed to a crawl.
+    Only 55 exploratory wells were drilled in Kern County in
+1986, compared to 137 in 1985, according to David Mitchell of
+the state energy commission. So far this year only five
+exploratory wells have been drilled.
+    "I don't think they'll even get to what they did last
+year," Mitchell said.
+    No pickup in exploratory drilling is likely for the rest of
+the decade, Mitchell said.
+    Along with the fall in drilling has come a decrease in the
+number of producing wells and overall production.
+    Between February and October of 1986, the number of
+producing oil wells in California fell 14 pct to 43,521 from
+more than 50,000, said Bill Guerard of the California Energy
+Commission.
+    In line with that decrease, California's crude oil output
+fell about 10 pct last year due to low oil prices and is
+expected to remain at that lower level, analysts said.
+    Between February and October 1986, California's crude oil
+production slipped from an all-time high of 1.185 mln barrels
+per day to 1.066 mln bpd, Guerard said.
+    Total estimated crude oil production in California for 1986
+was 408 mln bbls, compared with 424 mln bbls in 1985 and 405
+mln bbl in 1983, according to the California Department of
+Conservation.
+    "Production in 1987 will probably hold around 1986 levels,"
+Guerard said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18035" NEWID="1617">
+<DATE> 4-MAR-1987 12:52:12.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0073&#31;reute
+r f AM-REAGAN-NANCY   03-04 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN DENOUNCES REPORTS OF WIFE'S ROLE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>President Reagan angrily denounced
+press reports that his wife, Nancy, is running the government
+as "despicable fiction."
+    He said the reports had "touched a nerve."
+    Reagan made the comments at a photo session with William
+Webster, his nominee as head of the Central Intelligence
+Agency.
+    The president and Mrs Reagan celebrate their 35th wedding
+anniversary today as Reagan prepares to make an address to the
+nation on the Iran-contra scandal tonight.
+    When a reporter asked about Mrs Reagan's role in
+government, Reagan replied: "I think this is being bandied by
+the press. That is fiction and I think it is despicable
+fiction.  And a lot of people ought to be ashamed of
+themselves."
+    Pressed for further comment, Reagan said, "The idea that she
+is involved in governmental decisions and so forth... and being
+a kind of a dragon lady, there is nothing to that."
+    Reagan flatly denied that that his wife had had a role in
+the departure from the White House last Friday of Reagan's
+chief of staff, Donald Regan, as has been widely reported.
+    Regan's successor, former senator Howard Baker, was in the
+room as Reagan made his comments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18036" NEWID="1618">
+<DATE> 4-MAR-1987 12:52:47.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0076&#31;reute
+b f BC-GM-&lt;GM>-LATE-FEBRUARY   03-04 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> LATE FEBRUARY CAR SALES OFF 8.6 PCT</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>General Motors Corp said car sales for
+February 21 through 28 were off 8.6 pct to 98,036 from 107,207
+a year before.
+    The company said truck sales for the period were up 10.9
+pct to 42,593 from 38,402 a year before.
+    It said for the full month, car sales were off 20.7 pct to
+286,771 from 361,785 a year before, and truck sales were off
+4.9 pct to 118,245 from 124,336.
+    GM said year-to-date car sales were off 29.3 pct to 529,206
+from 748,119 a year before and truck sales were off 13.3 pct to
+207,241 from 238,955.
+    GM said February sales showed improvement from the low
+point reached in January and it expects the improvement to
+continue in coming months.
+    It said economic factors, including positive consumer
+attitudes about buying new vehicles, remain favorable.
+    GM noted that its divisions are offering a variety of car
+and truck incentive programs this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18037" NEWID="1619">
+<DATE> 4-MAR-1987 12:54:00.54</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0084&#31;reute
+r f BC-STANDARD-OIL-&lt;SRD>-IN   03-04 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD OIL &lt;SRD> IN TEXAS NATURAL GAS FIND</TITLE>
+<DATELINE>    HOUSTON, March 4 - </DATELINE><BODY>Standard Oil Co said the Friendswood
+Development Number One well in the Fostoria or Deep Wilcox
+Field of Montgomery County, Texas, flowed 4,500,000 cubic feet
+of natural gas per day from depths of 14,252 to 14,486 feet
+through a 14/64 inch choke.
+    It said it has contracted for Perry Gas Cos Inc to purchase
+natural gas from the well, and Perry will build a four-inch
+gathering pipeline to connect to Natural Gas Pipeline Co's
+transmission line.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18038" NEWID="1620">
+<DATE> 4-MAR-1987 12:55:44.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0090&#31;reute
+d f BC-WEBCOR-ELECTRONICS-&lt;W   03-04 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEBCOR ELECTRONICS &lt;WER> IN TECHNICAL DEFAULT</TITLE>
+<DATELINE>    GARDEN CITY, N.Y., March 4 - </DATELINE><BODY>Webcor Electronics Inc said it
+remains in technical and payment default under its revolving
+credit agreement and in technical default under certain other
+obligations to its lender.
+    Although its lender has not enforced its right to demand
+payment of the debt in full, it continues to reserve its right
+to do so at any time, it said.
+    Earlier, Webcor reported a third quarter net loss of 1.8
+mln dlrs and nine months net loss of 4.0 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18039" NEWID="1621">
+<DATE> 4-MAR-1987 12:55:53.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0091&#31;reute
+u f BC-GM'S-&lt;GM>-OLDSMOBILE   03-04 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM'S &lt;GM> OLDSMOBILE SETS INCENTIVE PROGRAM</TITLE>
+<DATELINE>    DETROIT, March 4 -</DATELINE><BODY>General Motors Corp said it will offer a
+special finance rate support program on some Oldsmobile cars.
+    General Motors said that, as an alternative to its ongoing
+rate option sale program, buyers can opt for a special finance
+rate. Buyers may select 3.9 pct financing on 24 month
+contracts, a 7.9 pct interest rate on 36 month contracts, 8.9
+pct on 48 month term loans, or 9.9 pct on 60 month loans.
+    The new incentive program, which ends April 30, applies to
+deliveries of eligible models from stock. Models covered by the
+program include Calais, Cutless Ciera and Cutless Supreme,
+Custom Cruiser, Delta 88 and Firenza.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18040" NEWID="1622">
+<DATE> 4-MAR-1987 12:56:44.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0094&#31;reute
+d f BC-FIRST-SAVINGS-BANK-FL   03-04 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST SAVINGS BANK FLORIDA &lt;FSBF> SETS MEETING</TITLE>
+<DATELINE>    TARPON SPRINGS, Fla., March 4 - </DATELINE><BODY>First Savings Bank of
+Florida said it expects a special shareholder meeting to be
+held around May 21 to consider the proposed merger into
+Gibraltar Financial Corp &lt;GFC>.
+    It said the annual meeting will be held April 30 to elect
+two directors and ratify the appointment of auditors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18041" NEWID="1623">
+<DATE> 4-MAR-1987 12:57:01.16</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0095&#31;reute
+u f BC-IZVESTIA-SAYS-SOVIET   03-04 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IZVESTIA SAYS SOVIET WINTER CROPS NEED RESEEDING</TITLE>
+<DATELINE>    MOSCOW, March 4 - </DATELINE><BODY>The government daily Izvestia said a
+considerable amount of Soviet winter crops need to be reseeded
+and the state 1987 grain harvest target of 232 mln tonnes will
+not be easy to fulfil.
+    Without giving figures, the newspaper said: "A considerable
+part of the winter crops must be reseeded, but that creates
+extra effort in the fields in spring."
+    The Soviet Union has previously said nine mln hectares of
+winter grain will have to be reseeded because of winterkill.
+    A U.S. Department of Agriculture analyst in Washington has
+said the figure of nine mln hectares would equal about 25 pct
+of the total winter crop and would be the second highest
+winterkill in 10 years.
+    "The planned task of bringing in no less than 232 mln tonnes
+of grain is not simple," Izvestia said.
+    This week's sudden fall in temperatures has affected large
+parts of the country and has caused fieldwork to stop in the
+Ukraine, it said, adding that temperatures fell to as low as
+minus 30 centigrade in Byelorussia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18042" NEWID="1624">
+<DATE> 4-MAR-1987 12:57:34.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0100&#31;reute
+r f BC-morrison-petroleums   03-04 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON PETROLEUMS HAS GAIN FROM PROPERTY SALE</TITLE>
+<DATELINE>    CALGARY, Alberta, March 4 - </DATELINE><BODY>&lt;Morrison Petroleums Ltd> said
+it will have a net gain after taxes of 1,580,000 dlrs or 29 cts
+a share from the 2,750,000 dlr sale of 200 acres of real estate
+in Oshawa, Ontario.
+    Proceeds increased working capital to 12.0 mln dlrs and
+were invested in short term deposits, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18043" NEWID="1625">
+<DATE> 4-MAR-1987 12:58:34.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>usa</D><D>venezuela</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0103&#31;reute
+u f BC-ARGENTINA'S-CREDITORS   03-04 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA'S CREDITORS SAID DIVIDED OVER DEBT ISSUE</TITLE>
+<DATELINE>    BUENOS AIRES, March 4 - </DATELINE><BODY>Central Bank director Daniel Marx
+said Argentina's creditor banks were divided on the country's
+request for rescheduling its foreign debt.
+    "There are difficulties (among the banks) to reach an
+agreement and find a unanimous decision," Marx told a local
+radio station in a telephone interview from New York.
+    Argentina's great efforts to comply with obligations on its
+50 billion dlr foreign debt should be met by a reduction in
+interest rates on the part of the creditor banks, he said.
+    Marx is in New York with Argentina's debt negotiating team
+holding talks with the creditor banks' steering committee.
+    Marx said the talks should not drag on. "If Venezuela and
+Mexico have concluded their negotiations, we want to end (ours)
+in a reasonable manner and as soon as possible," he said.
+    Economy ministry sources said the steering committee was
+expected today to make a counter-proposal not unlike that made
+by Treasury Secretary Mario Brodersohn at the start of the
+talks between the two parties.
+    Argentina is seeking a 2.15 billion dlr loan to meet four
+pct growth targets in 1987. It also wants lower interest rates
+on its foreign debt. The United States said last week it would
+support a 500 mln dlr bridging loan for Argentina.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18044" NEWID="1626">
+<DATE> 4-MAR-1987 13:00:23.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0107&#31;reute
+r f BC-BORMAN'S-&lt;BRF>-TO-BUY   03-04 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORMAN'S &lt;BRF> TO BUY SAFEWAY'S UTAH DIVISION</TITLE>
+<DATELINE>    OAKLAND, Calif., March 4 - </DATELINE><BODY>Safeway Stores Inc said it
+agreed to sell the assets and operations of its Salt Lake City
+Division to Borman's Inc under undisclosed terms.
+    The division includes 60 operating supermarkets in five
+states, most of which are in Utah, Idaho and Wyoming, together
+with distribution and manufacturing facilities, Safeway said.
+    It said sales for the division for the year ended January
+three were about 350 mln dlrs.
+    Safeway also said the transaction is subject to Borman's
+ability to obtain financing and to successfully negotiate new
+labor agreements with the various unions involved.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18045" NEWID="1627">
+<DATE> 4-MAR-1987 13:00:45.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0108&#31;reute
+r f BC-FORD-CANADA-&lt;FC>-FEBR   03-04 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD CANADA &lt;FC> FEBRUARY CAR SALES OFF SIX PCT</TITLE>
+<DATELINE>    OAKVILLE, Ontario, March 4 - </DATELINE><BODY>Ford Motor Co of Canada, 90
+pct-owned by Ford Motor Co &lt;F>, said February car sales fell
+six pct to 13,734 units from year-earlier 14,589 units.
+    Year-to-date car sales fell one pct to 25,534 units from
+25,851 units the previous year, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18046" NEWID="1628">
+<DATE> 4-MAR-1987 13:01:48.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0114&#31;reute
+u f BC-FISHER-FOODS-&lt;FHR>-SA   03-04 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FISHER FOODS &lt;FHR> SAYS STAKE IN FIRM SOLD</TITLE>
+<DATELINE>    BEDFORD HEIGHTS, Ohio, March 4 - </DATELINE><BODY>Fisher Foods Inc said
+&lt;American Financial Corp> has sold its 1,500,000 Fishers
+shares, a 44 pct interest, to a group consisting of &lt;American
+Seaway Foods Inc>, &lt;Rini Supermarkets Inc> and &lt;Rego
+Supermarkets Inc>.
+    The company said in connection with the transaction, all
+five American Financial representatives have resigned from its
+board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18047" NEWID="1629">
+<DATE> 4-MAR-1987 13:05:17.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0132&#31;reute
+b f BC-AMERICAN-MOTORS-&lt;AMO>   03-04 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MOTORS &lt;AMO> LATE FEBRUARY SALES OFF</TITLE>
+<DATELINE>    SOUTHFIELD, MICH., March 4 - </DATELINE><BODY>American Motors Corp said its
+U.S. car sales for the February 21 to 28 period dropped 65 pct
+to 926 cars from 2,672 cars in the same period a year ago.
+    There were seven selling days in both periods.
+    Domestic sales for the month were off 61 pct to 2,501 cars
+from 6,472 cars in February last year, American Motors said.
+    Year-to-date U.S. car sales declined 62 pct to 4,922 from
+12,861 cars in the comparable period of 1986, the automaker
+said.
+    American Motors is controlled by Renault of France.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18048" NEWID="1630">
+<DATE> 4-MAR-1987 13:06:15.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0140&#31;reute
+r f BC-HOME-INTENSIVE-&lt;KDNY>   03-04 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME INTENSIVE &lt;KDNY> EXTENDS CONVERSION RIGHTS</TITLE>
+<DATELINE>    NORTH MIAMI BEACH, Fla, March 4 - </DATELINE><BODY>Home Intensive Care Inc
+said it extended by 11 days the period of time during which its
+callable March cumulative convertible preferred stock may be
+converted at the current conversion ratio of 2.2 shares of
+common stock for every preferred share.
+    The conversion ratio is now in effect until the close of
+business on March 16, after which the ratio drops to two shares
+of common stock for every preferred share until March 5, 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18049" NEWID="1631">
+<DATE> 4-MAR-1987 13:06:44.53</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0142&#31;reute
+r f BC-U.S.-SENATE-PANEL-MAK   03-04 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE PANEL MAKES CONSERVATION EXEMPTION</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The U.S. Senate Agriculture Committee
+approved a measure that would exempt farmers who planted
+alfalfa or other multiyear grasses and legumes between 1981 and
+1985 from a federal conservation requirement.
+    Sen. Edward Zorinsky, D-Neb., said his bill would restore
+equity under federal sodbuster rules, which currently deny farm
+program benefits to farmers who, between 1981 and 1985, planted
+alfalfa and other multiyear grasses and legumes without
+interrupting the plantings with a row crop.
+    An official from a leading conservation group, who asked
+not to be identified, said the panel's move was "an unfortunate
+first action" because it could lead to the exemption of
+potentially millions of acres from the sod buster regulations,
+established under the 1985 farm bill.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18050" NEWID="1632">
+<DATE> 4-MAR-1987 13:08:10.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0145&#31;reute
+d f BC-AVX-&lt;AVX>-REACHES-POL   03-04 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVX &lt;AVX> REACHES POLLUTION SETTLEMENT</TITLE>
+<DATELINE>    GREAT NECK, N.Y., March 4 - </DATELINE><BODY>AVX Corp said it has entered a
+two mln dlr settlement with the U.S. government and the
+Commonwealth of Massachusetts to pay for damage claims against
+the company for contaminating the New Bedford, Mass., harbor
+with polychloride biphenyls (PCBs).
+    As part of the agreement, AVX said the government and
+Massachusetts have agreed to release it from further
+liabilities for polluting the harbor.
+    AVX said it has fully provided for the settlement's cost in
+its 1986 financial statements.
+    AVX, a multilayer ceramic capacitor producer, said the
+government had estimated damages to the harbor at about 50 mln
+dlrs.
+    But, it added, the government, the state and the
+Environmental Protection Agency are still awaiting the
+completion of studies to determine whether they will recommend
+a cleanup and what it will cost.
+    The studies will be completed next year, AVX added.
+    AVX said it is one of five defendents involved in the
+pollution litigation.
+    AVX said it is also engaged in litigation with its insurers
+to determine the applicability and the amount of coverage
+available to indemnify the company for payment of the the two
+mln dlr settlement or its share of the cleanup, if any.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18051" NEWID="1633">
+<DATE> 4-MAR-1987 13:11:40.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0156&#31;reute
+d f BC-PICO-PRODUCTS-INC-&lt;PP   03-04 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PICO PRODUCTS INC &lt;PPI> 2ND QTR JAN 31</TITLE>
+<DATELINE>    LIVERPOOL, N.Y., March 4 -
+    </DATELINE><BODY>Shr profit three cts vs loss nine cts
+    Net profit 103,664 vs loss 326,675
+    Revs 7.6 mln vs 6.9 mln
+    Six months
+    Shr loss two cts vs loss 15 cts
+    Net loss 78,246 vs loss 522,868
+    Revs 14.7 mln vs 12.9 mln
+    NOTE:1986 net includes gain of 43,185 or one cts in 2nd qtr
+and six months for discount on early long-term debt repayment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18052" NEWID="1634">
+<DATE> 4-MAR-1987 13:13:14.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0163&#31;reute
+u f BC-OUTBOARD-MARINE-&lt;OM>   03-04 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OUTBOARD MARINE &lt;OM> RISING ON TAKEOVER RUMOR</TITLE>
+<DATELINE>    CHICAGO, March 4 - </DATELINE><BODY>Wall Street traders said the stock of
+Outboard Marine Corp was rising on a rumor over a cable
+television program that Outboard is a likely takeover target of
+Sun Chemical Corp &lt;SNL>.
+    Outboard was up 3-1/8 to 34-5/8. On Tuesday it rose 1-3/8
+to 31-1/2 Tuesday.
+    A report on Cable News Network today said Sun Chemical has
+4.9 pct of Outboard and is conducting a study on whether to go
+for control of the whole company.
+    An Outboard Marine spokesman would not comment on the
+rumor.
+    The cable program said a buyout of Outboard would be for up
+to 40 dlrs a share, or for a total of 680 mln dlrs.
+    A spokesman for Sun Chemical was not immediately available.
+    Outboard Marine last June adopted a shareholder rights plan
+that will be triggered when a person or group acquires
+beneficial ownership of 20 pct or more of its common or begins
+a tender offer that would result in 30 pct ownership.
+    Wayne Jones, vice president at Outboard for strategic
+planning, said management wants to stay independent. "We are
+not trying to sell the company. We are proceeding with our
+strategic plans," he said.
+    That plan includes integrating five boat companies that
+Outboard Marine has bought since the middle of December. Jones
+said all five will cost between 100 mln dlrs to 120 mln dlrs.
+    An analyst who wanted anonymity said 40 dlrs a share is a
+"decent" price for outboard. "A bdding war to 50 or 60 dlrs a
+share is stretching it. Maybe 45 dlrs a share tops," he said.
+    Outboard, which has 17 mln shares outstanding, is in
+registration for a two mln common share offering with Morgan
+Stanley Inc. It makes sense, the analyst said, for Sun Chemical
+to strike before the offering is underway.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18053" NEWID="1635">
+<DATE> 4-MAR-1987 13:14:21.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0166&#31;reute
+h f BC-CADEMA-&lt;CDMA>-PLANS-P   03-04 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CADEMA &lt;CDMA> PLANS PREFERRED OFFERING</TITLE>
+<DATELINE>    MIDDLETOWN, N.Y., March 4 - </DATELINE><BODY>Cadema Corp said it entered a
+letter of intent with a national underwriting firm for an
+offering of five mln dlrs worth of convertible preferred stock.
+    Cadema said it will file a registration statement with the
+Securities and Exchange Commission later this month for the
+offering. Proceeds will be used to fund clinical trials for the
+company's treatments for rheumatoid arthritis and metastatic
+bone cancer.
+    It also said it increased the size of its board to six from
+five members.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18054" NEWID="1636">
+<DATE> 4-MAR-1987 13:17:29.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0179&#31;reute
+r f BC-AUDIOTRONICS-CORP-&lt;AD   03-04 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDIOTRONICS CORP &lt;ADO> TO OFFER DEBT</TITLE>
+<DATELINE>    LOS ANGELES, March 4 - </DATELINE><BODY>Audiotronics Corp said it registered
+with the Securities and Exchange Commission to offer five mln
+dlrs of convertible subordinated debentures due 2002.
+    H.J. Meyers and Co Inc will manage the underwriting of the
+offer.
+    The company said proceeds will be used to repay bank debt
+and for working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18055" NEWID="1637">
+<DATE> 4-MAR-1987 13:18:14.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0182&#31;reute
+d f BC-GM-LATE-FEBRUARY-CAR   03-04 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM LATE FEBRUARY CAR SALES OFF 8.6 PCT</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>General Motors Corp said car sales for
+February 21 through 28 were off 8.6 pct to 98,036 from 107,207
+a year before.
+    The company said truck sales for the period were up 10.9
+pct to 42,593 from 38,402 a year before.
+    It said for the full month, car sales were off 20.7 pct to
+286,771 from 361,785 a year before, and truck sales were off
+4.9 pct to 118,245 from 124,336.
+    GM said year-to-date car sales were off 29.3 pct to 529,206
+from 748,119 a year before and truck sales were off 13.3 pct to
+207,241 from 238,955.
+    GM said February sales showed improvement from the low
+point reached in January and it expects the improvement to
+continue in coming months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18056" NEWID="1638">
+<DATE> 4-MAR-1987 13:18:22.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0183&#31;reute
+r f BC-&lt;ALGOMA-CENTRAL-RAILW   03-04 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ALGOMA CENTRAL RAILWAY> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 4 -
+    </DATELINE><BODY>Oper shr 36 cts vs 39 cts
+    Oper net 1,391,000 vs 1,485,000
+    Revs 61.6 mln vs 58.5 mln
+    YEAR
+    Oper shr 70 cts vs 1.16 dlrs
+    Oper net 2,677,000 vs 4,410,000
+    Revs 207.6 mln vs 200.2 mln
+    Note: 1986 net excludes extraordinary loss of 297,000 dlrs
+or eight cts shr vs yr-ago gain of 514,000 dlrs or 13 cts shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18057" NEWID="1639">
+<DATE> 4-MAR-1987 13:18:38.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0185&#31;reute
+d f BC-GENOVA-INC-&lt;GNVA>-1ST   03-04 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENOVA INC &lt;GNVA> 1ST QTR DEC 27 NET</TITLE>
+<DATELINE>    DAVISON, Mich., March 4 -
+    </DATELINE><BODY>Oper shr profit four cts vs loss four cts
+    Oper net profit 151,448 vs loss 170,709
+    Sales 11.5 mln vs 9,581,406
+    NOTE: Prior year net includes 123,650 dlr tax credit but
+excludes 52,409 dlr gain on early debt retirement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18058" NEWID="1640">
+<DATE> 4-MAR-1987 13:18:48.09</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D><D>uk</D><D>west-germany</D><D>belgium</D><D>greece</D><D>netherlands</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0186&#31;reute
+r f BC-FRENCH-WHEAT-EXPORTS   03-04 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH WHEAT EXPORTS TO EC FALL</TITLE>
+<DATELINE>    PARIS, March 4 - </DATELINE><BODY>French soft wheat exports to other
+European Community countries fell 18 pct to 4.13 mln tonnes in
+the first seven months of the 1986/87 season to January
+compared with 5.04 mln in the same 1985/86 period, the French
+Cereals Intervention Office (ONIC) said.
+    According to latest ONIC statistics, the main buyers were
+Italy with 1.89 mln against 1.63 mln in the same 1985/86
+period, West Germany 480,450 tonnes against 717,689, the
+Netherlands 462,048 (532,299) and Belgium 417,887 tonnes
+(919,337).
+    British and Greek imports of French soft wheat during this
+period were below year-ago levels. Between July 1 last year and
+January 31, Britain bought 274,665 tonnes against 642,800
+tonnes, ONIC figures showed.
+    But Spanish purchases were up sharply at 258,507 tonnes
+against 2,751 tonnes in the same 1985/86 period and Portugal
+bought 37,599 tonnes compared with zero.
+    ONIC said the drop in French exports to other Community
+countries was due to British competition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18059" NEWID="1641">
+<DATE> 4-MAR-1987 13:19:19.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0189&#31;reute
+d f BC-AMERICAN-MOTORS-LATE   03-04 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MOTORS LATE FEBRUARY SALES OFF</TITLE>
+<DATELINE>    SOUTHFIELD, MICH., March 4 - </DATELINE><BODY>American Motors Corp said its
+U.S. car sales for the February 21 to 28 period dropped 65 pct
+to 926 cars from 2,672 cars in the same period a year ago.
+    There were seven selling days in both periods.
+    Domestic sales for the month were off 61 pct to 2,501 cars
+from 6,472 cars in February last year, American Motors said.
+    Year-to-date U.S. car sales declined 62 pct to 4,922 from
+12,861 cars in the comparable period of 1986, the automaker
+said.
+    American Motors is controlled by Renault of France.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18060" NEWID="1642">
+<DATE> 4-MAR-1987 13:19:25.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0190&#31;reute
+d f BC-SUPREME-EQUIPMENT/SYS   03-04 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPREME EQUIPMENT/SYSTEMS CORP &lt;SEQP> 2ND QTR</TITLE>
+<DATELINE>    BROOKLYN, N.Y., March 4 -
+    </DATELINE><BODY>Shr 61 cts vs 18 cts
+    Net 670,000 vs 194,000
+    Revs 10.7 mln vs 10.4 mln
+    Six months
+    Shr 73 cts vs 35 cts
+    Net 798,000 vs 377,000
+    Revs 19.5 mln vs 19.8 mln
+    NOTE:1987 net includes gain of 362,000 dlrs in 2nd qtr and
+431,000 dlrs in six months from tax loss carryforward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18061" NEWID="1643">
+<DATE> 4-MAR-1987 13:19:43.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0191&#31;reute
+h f BC-GULF-APPLIED-TECHNOLO   03-04 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF APPLIED TECHNOLOGIES INC &lt;GATS> 4TH QTR</TITLE>
+<DATELINE>    HOUSTON, March 4 -
+    </DATELINE><BODY>Oper shr loss five cts vs loss 24 cts
+    Oper net loss 165,000 vs loss 802,000
+    Revs 4,988,000 vs 3,101,000
+    Year
+    Oper shr loss 13 cts vs loss 1.33 dlrs
+    Oper net loss 454,000 vs loss 4,407,000
+    Revs 23.1 mln vs 8,937,000
+    NOTE: Results restated for discontinued operations.
+    1986 net both periods excludes 143,000 dlr tax credit.
+    Net excludes gains from discontinued pipelines and
+terminals operations of 216,000 dlrs vs 99,000 dlrs in quarter
+and 527,000 dlrs vs 296,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18062" NEWID="1644">
+<DATE> 4-MAR-1987 13:20:21.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0193&#31;reute
+r f BC-VAN-DORN-CO-&lt;VDC>-4TH   03-04 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VAN DORN CO &lt;VDC> 4TH QTR NET</TITLE>
+<DATELINE>    CLEVELAND, March 4 - 
+    </DATELINE><BODY>Shr 55 cts vs 80 cts
+    Net 2,517,443 vs 3,633,217
+    Revs 79.1 mln vs 76.3 mln
+    12 mths
+    Shr 2.57 dlrs vs 3.41 dlrs
+    Net 11.7 mln vs 15.4 mln
+    Revs 305.1 mln vs 314.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18063" NEWID="1645">
+<DATE> 4-MAR-1987 13:20:39.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0195&#31;reute
+r f BC-GULF-APPLIED-&lt;GATS>-T   03-04 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF APPLIED &lt;GATS> TO HAVE GAIN FROM SALE</TITLE>
+<DATELINE>    HOUSTON, March 4 - </DATELINE><BODY>Gulf Applied Technologies Inc said it
+will report a gain of 2,900,000 dlrs or 89 cts per share on the
+previously-announced sale of its pipelines and terminals
+segment in first quarter results.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18064" NEWID="1646">
+<DATE> 4-MAR-1987 13:20:44.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0196&#31;reute
+d f BC-FORD-CANADA-FEBRUARY   03-04 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD CANADA FEBRUARY CAR SALES OFF SIX PCT</TITLE>
+<DATELINE>    OAKVILLE, Ontario, March 4 - </DATELINE><BODY>Ford Motor Co of Canada, 90
+pct-owned by Ford Motor Co, said February car sales fell six
+pct to 13,734 units from year-earlier 14,589 units.
+    Year-to-date car sales fell one pct to 25,534 units from
+25,851 units the previous year, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18065" NEWID="1647">
+<DATE> 4-MAR-1987 13:20:50.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0197&#31;reute
+d f BC-HHC-INDUSTRIES-&lt;HCCI>   03-04 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HHC INDUSTRIES &lt;HCCI> TO REPURCHASE STOCK</TITLE>
+<DATELINE>    ENCINO, Calif., March 4 - </DATELINE><BODY>HCC Industries said its board has
+authorized the purchase from time to time of up to 150,000
+shares of the company's common stock.
+    Currently, HCC has about 1,775,000 shares outstanding.
+    The company said although the purchases will reduce working
+capital, it believes its liquidity will not be impaired.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18066" NEWID="1648">
+<DATE> 4-MAR-1987 13:22:38.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0204&#31;reute
+s f BC-FIELDCREST-CANNON-INC   03-04 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIELDCREST CANNON INC &lt;FLD> SETS QUARTERLY</TITLE>
+<DATELINE>    EDEN, N.C., March 4 -
+    </DATELINE><BODY>Qtly div 17 cts vs 17 cts prior
+    Pay March 31
+    Record March 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18067" NEWID="1649">
+<DATE> 4-MAR-1987 13:23:28.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0209&#31;reute
+d f BC-VARIAN-&lt;VAR>-BUYS-ANA   03-04 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARIAN &lt;VAR> BUYS ANALYTICHEM INTERNATIONAL</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 4 - </DATELINE><BODY>Varian Associates Inc said it
+acquired all the outstanding stock of closely-held Analytichem
+International Inc for an undisclosed amount of cash.
+    Analytichem, based in Harbor City, Calif., is a supplier of
+bonded phase preparation products used to prepare chemical
+samples for analysis, Varian said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18068" NEWID="1650">
+<DATE> 4-MAR-1987 13:24:19.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0212&#31;reute
+r f BC-KANEB-SERVICES-INC-&lt;K   03-04 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANEB SERVICES INC &lt;KAB> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 4 - 
+    </DATELINE><BODY>Oper shr loss 1.05 dlrs vs profit nine cts
+    Oper net loss 30.5 mln vs profit 3,930,000
+    Revs 23.9 mln vs 45.6 mln
+    12 mths
+    Oper shr loss 5.30 dlrs vs profit 34 cts
+    Oper net loss 155.8 mln vs profit 16.0 mln
+    Revs 113.7 mln vs 178.8 mln
+    Note: Oper excludes loss from discontinued operations of
+9,127,000 dlrs vs 12.4 mln dlrs for qtr and 28.4 mln dlrs vs
+960,000 dlrs for 12 mths.
+    Note: Oper includes writedown of offshore drilling
+equipment of 5,070,000 dlrs for qtr and 27.9 mln dlrs for 12
+mths.
+    Also includes writedowns of oil and gas assets and tubular
+goods inventory of 82.2 mln dlrs and 4,246,000 dlrs,
+respectively, for 12 mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18069" NEWID="1651">
+<DATE> 4-MAR-1987 13:24:43.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0215&#31;reute
+d f BC-SUSPENSIONS/PARTS-IND   03-04 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUSPENSIONS/PARTS INDUSTRIES LTD &lt;SPILF> YEAR</TITLE>
+<DATELINE>    NEW YORK, March 4 -
+    </DATELINE><BODY>Shr 33 cts vs 60 cts
+    Net 1.1 mln vs 1.7 mln
+    Revs 11.7 mln vs 10.6 mln
+    NOTE:Full name is Suspensions and Parts Industries Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18070" NEWID="1652">
+<DATE> 4-MAR-1987 13:25:48.92</DATE>
+<TOPICS><D>grain</D><D>barley</D><D>corn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0216&#31;reute
+r f BC-ESTIMATED-FRENCH-BARL   03-04 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESTIMATED FRENCH BARLEY STOCKS WORRYING - ONIC</TITLE>
+<DATELINE>    PARIS, March 4 - </DATELINE><BODY>The size of French 1986/87 carryover
+barley stocks, estimated at 1.72 mln tonnes compared with
+700,000 tonnes in 1985/86 is worrying, French Cereals
+Intervention Office (ONIC) Director Bernard Vieux said.
+    He told journalists these estimates were unchanged at the
+end of February from the previous month while export forecasts
+were lowered to 4.5 mln tonnes from 5.76 mln in 1985/86.
+    Vieux called on the EC Commission to help by awarding a
+larger volume of export certificates and said if no outlets are
+opened for French barley a large amount could be put into
+intervention.
+    A small amount of French barley has already been put into
+intervention, Vieux said without detailing the amount.
+    The outlook for French maize is better with 1986/87 exports
+to non-EC countries now put at 700,000 tonnes against 200,000
+tonnes at the end of January and against 155,000 tonnes in
+1985/86.
+    The higher estimate is due to the EC Commission's decision
+to hold special export tenders for French maize, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18071" NEWID="1653">
+<DATE> 4-MAR-1987 13:27:25.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0220&#31;reute
+s f BC-MITCHELL-ENERGY-AND-D   03-04 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITCHELL ENERGY AND DEVELOPMENT CORP &lt;MND>PAYOUT</TITLE>
+<DATELINE>    WOODLANDS, Texas, March 4 -
+    </DATELINE><BODY>Qtly div six cts vs six cts prior
+    Pay April Two
+    Record March 18
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18072" NEWID="1654">
+<DATE> 4-MAR-1987 13:28:26.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0225&#31;reute
+r f BC-HYUNDAI-MOTOR-AMERICA   03-04 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYUNDAI MOTOR AMERICA SAYS CAR SALES STRONG</TITLE>
+<DATELINE>    GARDEN GROVE, Calif., March 4 - </DATELINE><BODY>Hyundai Motor America said
+February sales of its Excel subcompact car totaled 18,656.
+    Hyundai began selling the car in the U.S. on February 20,
+1986. Sales that month totaled 588.
+    The company said sales in the first 12 months totaled
+201,328.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18073" NEWID="1655">
+<DATE> 4-MAR-1987 13:29:51.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0229&#31;reute
+d f BC-FROST-AND-SULLIVAN-IN   03-04 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FROST AND SULLIVAN INC &lt;FRSL> 2ND QTR JAN 31</TITLE>
+<DATELINE>    NEW YORK, March 4 -
+    </DATELINE><BODY>Shr profit 12 cts vs loss two cts
+    Net profit 182,173 vs loss 28,977
+    Revs 4,483,047 vs 3,994,808
+    1st half
+    Shr profit 14 cts vs loss eight cts
+    Net profit 221,376 vs loss 120,435
+    Revs 8,270,947 vs 7,150,265
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18074" NEWID="1656">
+<DATE> 4-MAR-1987 13:30:01.05</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0230&#31;reute
+d f AM-KOREA-RHA   03-04 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. KOREAN TRADE SURPLUS WITH U.S. SEEN FALLING</TITLE>
+<DATELINE>    CHICAGO, March 4, - </DATELINE><BODY>South Korea's record 7.1 billion dlrs
+trade surplus with the U.S. is bound to diminish as the
+country switches purchases from Japan in favor of U.S.
+companies, Trade Minister Woong-Bae Rha said.
+     He rejected suggestions the Korean Won is undervalued, and
+denied any plans for a "drastic and sudden" revaluation.
+    Rha is heading a trade mission to 37 U.S. cities. Last year
+South Korea ran a 4.3 billion dlr trade surplus, including a
+record 7.1 billion surplus with the U.S. and a 5.5 billion dlr
+deficit with Japan.
+    Rha told Reuters in an interview the current trade mission
+is looking for 2.0 billion dlrs in purchases from U.S.
+companies, about a quarter of which represents "transferred
+purchases from Japanese sources."
+    Rha said the items being sought by the current mission are
+"mainly chemicals, machinery and parts."
+    He said South Korea is the fourth largest importer of U.S.
+agricultural products. The current mission is not involved in
+that area but there are plans to buy "substantial amounts of
+cotton" from the U.S.
+    He noted his country "is clearly not as open as the American
+market. Nor is it reasonable to expect that it should be,"
+considering South Korea has a 40 billion dlr foreign debt and
+spends six pct of its gross national product on defense.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18075" NEWID="1657">
+<DATE> 4-MAR-1987 13:37:10.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0260&#31;reute
+r f BC-CRI-INSURED-&lt;CII>-TO   03-04 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRI INSURED &lt;CII> TO SET SPECIAL DISTRIBUTION</TITLE>
+<DATELINE>    ROCKVILLE, Md., March 4 - </DATELINE><BODY>CRI Insured Mortgage Investments
+Inc said its advisor will recommend a special distribution of
+50 cts per share due to the sale of a federally insured first
+mortgage on Park Meadows I in Madison, Wis., for 4,267,871
+dlrs.
+    It said it received a 3,695,465 dlr return of capital and
+572,406 dlrs in income on the sale, and the 50 ct distribution
+would represent a 43.294 ct return of principal and a 6.706 ct
+capital gain and would be payable June 30 to holders of record
+May 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18076" NEWID="1658">
+<DATE> 4-MAR-1987 13:40:06.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0265&#31;reute
+h f BC-KANEB-ENERGY-PARTNERS   03-04 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANEB ENERGY PARTNERS LTD &lt;KEP> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 4 - 
+    </DATELINE><BODY>Unit loss one ct
+    Net loss 186,000
+    Revs 10.7 mln
+    11 mths
+    Unit loss 7.26 dlrs
+    Net loss 121.4 mln
+    Revs 46.9 mln
+    Note: Partnership formed in February 1986.
+    Net includes writedown of oil and gas assets of 124.8 mln
+dlrs for 11 mths to comply with full-cost accounting methods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18077" NEWID="1659">
+<DATE> 4-MAR-1987 13:41:22.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0268&#31;reute
+r f BC-DIGICON-&lt;DGC>-COMPLET   03-04 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGICON &lt;DGC> COMPLETES SALE OF UNIT</TITLE>
+<DATELINE>    HOUSTON, March 4 - </DATELINE><BODY>Digicon Inc said it has completed the
+previously-announced disposition of its computer systems
+division to an investment group led by &lt;Rotan Mosle Inc's>
+Rotan Mosle Technology Partners Ltd affiliate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18078" NEWID="1660">
+<DATE> 4-MAR-1987 13:42:03.10</DATE>
+<TOPICS><D>gas</D><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0270&#31;reute
+r f BC-TEXAS-EASTERN-&lt;TET>-B   03-04 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS EASTERN &lt;TET> BUYS PETROLEUM TERMINAL</TITLE>
+<DATELINE>    HOUSTON, March 4 - </DATELINE><BODY>Texas Eastern Corp said it has completed
+the purchase of an idle petroleum products terminal near Norris
+City, Ill., from &lt;Growmark Inc> for undisclosed terms and will
+reopen it in September after remodeling.
+    The company said the terminal will handle leaded and
+unleaded regular gasolines, number two fuel oil, ethanol and
+natural gasoline.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18079" NEWID="1661">
+<DATE> 4-MAR-1987 13:42:57.03</DATE>
+<TOPICS><D>nat-gas</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0275&#31;reute
+d f BC-STERLING-IN-TEXAS-GAS   03-04 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING IN TEXAS GAS AND OIL DISCOVERY</TITLE>
+<DATELINE>    FT. LAUDERDALE, Fla, March 4 - </DATELINE><BODY>&lt;Sterling Investment Group>
+said it successfully drilled and completed a significant
+development well 65 miles southwest of Houston, Texas.
+    The well has a choke of 11/64 of an inch and is 10,097 feet
+deep.
+    The well initially tested at a maximum daily flow rate of
+two mln cubic feet of gas and 304 barrels of condensate.
+    Participants in the new well, along with Sterling, are
+Trafalgar House Ltd of the U.K. and &lt;Texstar NOrth America Inc.>
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18080" NEWID="1662">
+<DATE> 4-MAR-1987 13:44:03.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0277&#31;reute
+r f BC-&lt;RANGE-ROVER>-TO-SELL   03-04 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;RANGE ROVER> TO SELL VEHICLES IN U.S.</TITLE>
+<DATELINE>    Detroit, March 4 - </DATELINE><BODY>Range Rover of North America Inc, a
+subsidiary of the British Land Rover Group, said it would begin
+selling the luxury utility vehicles in the United States March
+16 at a suggested retail price of 30,825 dlrs.
+    Range Rover executives told Reuters after a press
+conference they expect to generate 80 mln dlrs in revenues this
+year, but that the U.S. venture is not expected to become
+profitable until 1989.
+    The executives said they expect to sell 3,000 of the
+vehicles this year from an initial network of 37 dealers, which
+will be gradually expanded to 65 within a year.
+    Range Rover's project, aimed at buyers with household
+incomes above 100,000 dlrs annually, is the culmination of a
+four-year effort by Land Rover Group to introduce the
+British-build vehicle in the U.S. market.
+    The executives said the only option to be offered with the
+vehicles will be a leather upholstery package priced at 1,025
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18081" NEWID="1663">
+<DATE> 4-MAR-1987 13:44:52.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0279&#31;reute
+d f BC-GENERAL-ELECTRIC&lt;GE>   03-04 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC&lt;GE> UNVEILS NEW STOCK DATABASE</TITLE>
+<DATELINE>    ROCKVILLE, MD., March 4 - </DATELINE><BODY>GE Information Services Co, a
+unit of General Electric Co, said it is making avialable this
+week an on-line stock market analysis database, called VESTOR,
+on GEnie, the General Electric Network for Information
+Exchange.
+    GE said Investment Technologies Inc &lt;IVES> developed the
+database that evaluates more than 6,000 securities and advises
+users on stock market decisions based on their portfolio needs
+and criteria.
+    GE said GEnie has about 45,000 on-line subscribers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18082" NEWID="1664">
+<DATE> 4-MAR-1987 13:45:39.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0281&#31;reute
+r f BC-BLINDER-INTERNATIONAL   03-04 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLINDER INTERNATIONAL &lt;BINLC> HAS NASD EXCEPTION</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 4 - </DATELINE><BODY>Blinder International
+Enterprises Inc said its common stock will continue to be
+quoted on the National Association of Securities Dealers'
+NASDAQ system due to an exception pending the resolution of a
+dispute between the NASD and Blinder on Blinder's
+qualifications for continued NASDAQ quotation.
+    The company said the NASD has alleged that Blinder no
+longer meets listing criteria but Blinder said it feels it can
+resolve the issues in dispute.  It said if it cannot resolve
+the issues by April 27 or if it fails to meet conditions
+imposed by the NASD, it will be delisted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18083" NEWID="1665">
+<DATE> 4-MAR-1987 13:46:05.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0283&#31;reute
+h f BC-COMPUTER-HORIZONS-&lt;CH   03-04 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER HORIZONS &lt;CHRZ> IN ACQUISITION</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Computer Horizons Corp said it
+purchased ComputerKnowledge Inc, a software training education
+company headquartered in Dallas.
+    Terms were not disclosed.
+                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18084" NEWID="1666">
+<DATE> 4-MAR-1987 13:46:40.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0285&#31;reute
+d f BC-POLICY-MANAGEMENT-&lt;PM   03-04 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLICY MANAGEMENT &lt;PMSC> MAKES ACQUISITION</TITLE>
+<DATELINE>    COLUMBIA, S.C., March 4 - </DATELINE><BODY>Policy Management Systems Corp
+said it has acquired the majority of the assets and business of
+Allied Research Inc of Salem, Ore., and Consolidated Insurance
+Services Inc, of Springfield, Va., for undisclosed terms.
+    It said the two companies, which had combined 1986 revenues
+of about two mln dlrs, provide underwriting information
+services to property and casualty insurers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18085" NEWID="1667">
+<DATE> 4-MAR-1987 13:48:07.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0288&#31;reute
+u f BC-PUROLATOR   03-04 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNICORP CANADA&lt;UNI.A> CUTS PUROLATOR&lt;PCC> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Unicorp Canada Corp told the
+Securities and Exchange Commission it cut its stake in
+Purolator Courier Corp to 286,500 shares, or 3.7 pct of the
+total outstanding, from 962,400 shares, or 12.4 pct.
+    Unicorp, a management and investment holding company
+controlled by its chairman, George Mann, said it sold 675,900
+Purolator common shares on March 2 and 3 at 34.782 and 34.750
+dlrs a share.
+    Purolator agreed this past weekend to be acquired by
+managers of its U.S. courier business and E.F. Hutton LBO Inc
+in a leveraged buyout valued at 265 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18086" NEWID="1668">
+<DATE> 4-MAR-1987 13:48:17.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0289&#31;reute
+h f BC-ATT-&lt;T>-OFFERS-USA-DI   03-04 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> OFFERS USA DIRECT SERVICE IN DENMARK</TITLE>
+<DATELINE>    BASKING RIDGE, N.J., March 4 - </DATELINE><BODY>American Telephone and
+Telegraph Co said it is offering its USA Direct service in
+Denmark.
+    The service allows callers in Denmark to reach an ATT
+operator in the United States by dialing a single telephone
+number, 0430-0010, ATT said.
+    USA Direct is now available in 26 countries, including the
+United Kingdom, France and Australia, the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18087" NEWID="1669">
+<DATE> 4-MAR-1987 13:48:31.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0291&#31;reute
+h f BC-ATLANTIC-RESEARCH-&lt;AT   03-04 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC RESEARCH &lt;ATRC> GETS NAVY CONTRACT</TITLE>
+<DATELINE>    ALEXANDRIA, Va., March 4 - </DATELINE><BODY>Atlantic Research Corp said it
+has received a U.S. Navy contract to test Navy ships and their
+electronic systems installations to isolate and correct
+deficiencies caused by electromagnetic interference.
+    It said the first year of the contract is worth 1,500,000
+dlrs and with two option years the total value is 4,800,000
+dlrs.  Work will be performed at Norfolk and Virginia Beach, Va.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18088" NEWID="1670">
+<DATE> 4-MAR-1987 13:48:53.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0292&#31;reute
+r f BC-NRM-ENERGY-&lt;NRM>-SECU   03-04 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NRM ENERGY &lt;NRM> SECURITIES RAISED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Moody's Investors Service Inc said it
+upgraded the ratings on NRM Energy Co's senior cumulative
+preferred depository units to B-3 from CAA.
+    The rating agency also assigned a B-3 rating to the
+partnership's proposed issue of cumulative convertible
+acquisition preferred units Series A. Moody's actions affect
+188 mln dlrs of securities.
+    The rating agency said these moves reflect the potential
+benefits to be derived from the exchange of NRM common and
+preferred units for certain properties of Mesa Limited
+Partnership which make Mesa NRM's biggest unitholder.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18089" NEWID="1671">
+<DATE> 4-MAR-1987 13:49:54.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0295&#31;reute
+u f BC-TOYOTA-MOTOR-U.S.A.-F   03-04 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA MOTOR U.S.A. FEBRUARY CAR SALES DOWN</TITLE>
+<DATELINE>    TORRANCE, Calif., March 4 - </DATELINE><BODY>Toyota Motor Sales, U.S.A. Inc
+said its February car sales totaled 36,811, down from 40,012
+last February.
+    The company said February truck sales totaled 20,437, down
+from 28,519 a year earlier.
+    Toyota said sales of its domestically produced Corolla
+models totaled 2,098 units during the month.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18090" NEWID="1672">
+<DATE> 4-MAR-1987 13:50:19.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0296&#31;reute
+u f BC-TRANS-LUX-&lt;TLX>-IN-ST   03-04 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANS LUX &lt;TLX> IN STOCK REPURCHASE</TITLE>
+<DATELINE>    NORWALK, Conn., March 4 - </DATELINE><BODY>Trans Lux Corp said it will  
+repurchase up to 350,000 shares common and/or class B stock
+over an indefinite period in the open market.
+    It also declared a five pct stock dividend payable April
+nine to holders of record march 20 and a regular quarterly
+dividend of two cts per share, payable APril nine to holders of
+record March 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18091" NEWID="1673">
+<DATE> 4-MAR-1987 13:50:47.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0297&#31;reute
+h f BC-FIRM-ACQUIRES-&lt;AMERIC   03-04 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRM ACQUIRES &lt;AMERICAN NUTRITION WORKS INC></TITLE>
+<DATELINE>    PITTSBURGH, March 4 - </DATELINE><BODY>&lt;Nusource Investments Inc>, a
+publicly held shell company, said it acquired American
+Nutrition Works Inc through a transaction in which American
+Nutrition shareholders received 28 mln shares of Nusource stock
+in exchange for their shares.
+    American Nutrition operates a chain of stores sellings
+vitamins and health products.
+    Nusource said shareholders elected a new board consisting
+of Richard A. Trydahl, Samuel Mineo and Charles E. Flink and
+voted to change the name of the company to ANW Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18092" NEWID="1674">
+<DATE> 4-MAR-1987 13:51:01.55</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0298&#31;reute
+u f BC-CANADA-WHEAT-BOARD-AD   03-04 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA WHEAT BOARD ADVISES CUT IN GRAIN PRICES</TITLE>
+<DATELINE>    WINNIPEG, March 4 - </DATELINE><BODY>The Canadian Wheat Board has advised
+the federal government to sharply cut initial prices paid to
+farmers for their wheat, oats, and barley in the crop year
+beginning August 1, a board spokesman said.
+    The spokesman declined to give the size of the recommended
+price drops but said it would not be good news for western
+Canadian grain growers.
+    "They're all lower," he said. "This is really getting
+pretty serious. We're talking nuts and bolts economic survival
+and whether it's worthwhile for farmers to put in a crop."
+    Farm leaders and economists have estimated the board will
+recommend cuts of around 20 pct in the initial prices.
+    Farmers receive the initial payment when the grain is
+delivered to the elevators used by the wheat board.
+    If the wheat board, which markets most of Canada's grain,
+obtains higher than expected prices on world markets, the
+farmers receive a final payment at the end of the crop year. If
+prices are lower, the federal treasury makes up the difference.
+    The final decision on the initial prices, usually made in
+April, rests with Wheat Board Minister Charles Mayer and the
+federal cabinet.
+    Last year Mayer cut the initial prices between 19 and 27
+pct but last fall the government announced a one billion
+Canadian dlr aid program to compensate for the price cuts.
+    But federal agricultural officials have already warned
+farmers not to depend on additional government aid this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18093" NEWID="1675">
+<DATE> 4-MAR-1987 13:54:51.83</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0306&#31;reute
+u f AM-SEMICONDUCTORS   03-04 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT COUNCIL DEFERS DECISION ON SEMICONDUCTORS</TITLE>
+<DATELINE>    GENEVA, March 4 - </DATELINE><BODY>The ruling GATT Council deferred a
+decision on whether to set up a dispute panel on the basis of a
+European Community complaint against the U.S.- Japanese
+agreement on exports of computer semiconductors.
+    David Woods, spokesman of the General Agreement on Tariffs
+and Trade (GATT), told a news briefing that the main parties
+would continue bilateral talks. This was in the hope of
+resolving the row before the next Council meeting on April 15.
+    The five-year accord signed in July 1986 aims to protect
+the U.S. Market from dumping of low-price Japanese microchips,
+officially known as semiconductors.
+    The E.C. Complained the accord breached GATT trade rules by
+allowing Tokyo to monitor prices, allowing it to set minimum
+prices for Japanese chips sold in third countries.
+    The 12-nation Community also charged the agreement gave
+U.S. Producers preferential access to the Japanese market.
+    Woods said many nations -- Hong Kong, Canada, Switzerland,
+Singapore, Sweden, Malaysia and Nigeria -- had supported the EC
+complaint during the heated Council debate.
+    Japan's delegate, Minoru Endo, and U.S. Ambassador Michael
+Samuels replied in the debate that the E.C. Charges were
+unfounded, but they were willing to continue bilateral talks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18094" NEWID="1676">
+<DATE> 4-MAR-1987 13:55:40.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0309&#31;reute
+d f BC-FIRST-SOUTHERN-&lt;FSFA>   03-04 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST SOUTHERN &lt;FSFA> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    MOBILE, ALA., March 4 - </DATELINE><BODY>First Southern Federal Savings and
+Loan Association said it has agreed in principle to acquire
+Horizon Financial Corp and Horizon Funding corp from &lt;Victor
+Federal Savings and Loan Association> of Muskogee, Okla., for
+undisclosed terms.
+    The company said the purchase is subject to approval of the
+boards of First Southern and Victor and regulatory agencies.
+    Horizon Financial services mortgage loans and Horizon
+Funding is a wholesale loan purchasing operation. Horizon
+services 3.2 billion dlrs in mortgage loans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18095" NEWID="1677">
+<DATE> 4-MAR-1987 13:56:26.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0312&#31;reute
+u f BC-DANAHER-CORP-&lt;DHR>-4T   03-04 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANAHER CORP &lt;DHR> 4TH QTR NET</TITLE>
+<DATELINE>    WASHINGTON, March 4 -
+    </DATELINE><BODY>Shr 71 cts vs 43 cts
+    Net 7,274,000 vs 4,447,000
+    Rev 161.6 mln vs 77.6 mln
+    Year
+    Shr 1.51 dlrs vs 1.32 dlrs
+    Net 15,401,000 vs 13,525,000
+    Rev 454.0 mln vs 304.9 mln
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18096" NEWID="1678">
+<DATE> 4-MAR-1987 13:56:51.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0314&#31;reute
+h f BC-FIRM-AGREES-TO-MERGE   03-04 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRM AGREES TO MERGE WITH LOTOQUIK INT'L</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., March 4 - </DATELINE><BODY>&lt;Chatsworth Enterprises
+Inc>, a publicly held shell corporation, said it signed a
+letter of intent to merger with &lt;Lotoquik International Ltd>, a
+Nassau, Bahamas-based maker of video lottery machines.
+    Under terms of the merger agreement, Chatsworth said
+Lotoquik shareholders would own a majority of the surviving
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18097" NEWID="1679">
+<DATE> 4-MAR-1987 13:57:40.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0315&#31;reute
+d f BC-ASBESTEC-TO-BUY-CONTR   03-04 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASBESTEC TO BUY CONTRACTOR, RECEIVES CONTRACT</TITLE>
+<DATELINE>    PENNSAUKEN, N.J., March 4 - </DATELINE><BODY>&lt;Asbestec Industries Inc> said
+it signed a letter of intent to buy asbestos abatement
+contractor &lt;P.W. Stephens> for three mln dlrs in cash, stock
+and notes.
+    The transaction is expected to be completed early in the
+third quarter of its fiscal year ending September 30, 1987.
+    Asbestec also said it expects to sign March six a 900,000
+dlr contract to remove asbestos from a major apartment complex
+in Washington, D.C. The project is scheduled to begin on March
+nine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18098" NEWID="1680">
+<DATE> 4-MAR-1987 13:58:40.37</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>switzerland</D><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0316&#31;reute
+d f BC-GATT-SETS-UP-DISPUTE   03-04 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT SETS UP DISPUTE PANEL ON CANADIAN HERRING</TITLE>
+<DATELINE>    GENEVA, March 4 - </DATELINE><BODY>The ruling GATT Council set up a formal
+dispute panel to examine a U.S. Complaint that a Canadian law
+prohibiting export of unprocessed herring and salmon was
+discriminatory.
+    David Wood, official spokesman of the General Agreement on
+Tariffs and Trade (GATT), told a news briefing the decision was
+taken after bilateral consultations failed to resolve the row.
+    U.S. Ambassador Michael Samuels charged during the Council
+debate that Canada was trying to preserve domestic jobs by
+insisting that herring and salmon be processed at home.
+    Robert White, Canada's deputy chief of delegation, replied
+the law was in line with GATT rules, and was for conservations
+reasons. But he agreed to setting up the dispute panel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18099" NEWID="1681">
+<DATE> 4-MAR-1987 13:59:59.55</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0318&#31;reute
+u f BC-colombian-inflation-r   03-04 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIAN INFLATION RISES 2.03 PCT IN FEBRUARY</TITLE>
+<DATELINE>    Bogota, march 4 - </DATELINE><BODY>colombia's cost of living index rose 2.03
+pct in february after a 3.27 pct increase in january and a 3.15
+pct rise in february 1986, the government statistics institute
+said.
+    The rise brought year-on-year inflation to 19.77 pct
+compared with 23.72 pct at end-february 1986 and 21.66 pct for
+the year ending january 1987.
+    The government has predicted that inflation this year would
+be lower than in 1986 when it reached 20.9 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18100" NEWID="1682">
+<DATE> 4-MAR-1987 14:00:34.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0320&#31;reute
+u f BC-TALKING-POINT/GENERAL   03-04 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/GENERAL MOTORS &lt;GM></TITLE>
+<AUTHOR>    By Steven Radwell, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>General Motors Corp staged an explosive
+rally on Wall Street after a share buyback program announced
+yesterday, but analysts said GM's future remains clouded by
+stiff competition and erosion of market share.
+    GM shares rose 3-1/2 to 79-1/8 in active trading. Analysts
+agreed that investors liked the repurchase program but they 
+differed sharply over the carmaker's long term prospects.
+    "I'm very positive on GM," said Jack Kirnan of Kidder
+Peabody and Co. "They're clearly committed to enhancing
+shareholder value."
+    However, some analysts worry about how GM will pay for the
+buyback and whether new models will enable the carmaker to
+recapture lost market share.
+    After the market had closed yesterday, GM said it would buy
+back 20 pct of its common stock by the end of 1990. The
+announcement sent investors today scrambling for GM shares,
+with more than 3.2 mln shares changing hands by mid-day.
+    The buyback plan caused several analysts bullish on the
+stock to reiterate buy recommendations this morning, and at
+least one increased his earnings estimates for GM based on a
+good performance expected from new car models.
+    But David Healy of Drexel Burnham Lambert Inc said the
+repurchase program is not a positive.
+    "The buyback doesn't really change the earnings outlook and
+puts more stress on the balance sheet," he said, since GM will
+have to borrow money to pay for the stock purchases. The stock
+should settle back down to around 76, he added.
+    Healy projects GM will earn five dlrs a share in 1987 and
+5.50 dlrs in 1988, compared to 1986 earnings of 8.21 dlrs.
+Healy's numbers are near the low end of Wall Street estimates,
+which range from five dlrs to 7.80 dlrs in 1987 and from four
+dlrs to 10.80 dlrs in 1988.
+    Like other analysts, Healy sees GM's share of the domestic
+car and truck market falling in 1987. "On balance, GM cars are
+not selling as well as their competitors," he said.
+    In late February, GM car sales fell 8.6 pct from the
+year-ago period while competitors Ford Motor Co &lt;F> and
+Chrysler Corp &lt;C> both posted increases. But GM said February
+sales showed improvement over January, adding that it expects
+improvement in coming months.
+    Overall, GM's share of U.S. car and truck sales should fall
+to around 38 or 39 pct in 1987 from 41 pct at the end of 1986,
+analysts said. The numbers include imports.
+    Kidder Peabody's Kirnan said cost reductions and product
+improvements this year should lead to positive cash flow by the
+fourth quarter, which will help GM finance the buyback.
+    "GM (stock) has been a real laggard and now it's rolling up
+its sleeves and getting serious. I think there's a major
+earnings surprise in the winds," he said.
+    Kirnan raised his earnings estimates slightly today, in
+part in reaction to the announced buyback, and sees GM earning
+5.65 dlrs this year and 9.75 dlrs in 1988. "The company is more
+concerned than ever about improving their relative valuation
+with respect to Ford and Chrysler," he said.
+    Another positive for the stock is GM's dividend, currently
+five dlrs a share annually, which gives it a higher yield than
+its competitors, Kirnan said. And GM will raise the cash
+dividend 25 to 50 cts a share next year, he predicted.
+    But analyst Michael Lucky of Shearson Lehman Brothers Inc
+said U.S. car sales will weaken, and GM's new products, if
+successful, will only slow but not halt the erosion of its
+market share.
+    "I believe their new cars will be successful, but that will
+only curtail losses in market share," which will fall to around
+35 pct by 1990, Lucky said.
+    Philip Fricke of Goldman Sachs and Co falls in the middle
+of the bulls and bears. While he is recommending GM stock, he
+said results will not improve until 1988.
+    "I'm not looking for improvement this year. This is a
+transition year for GM," he said.
+    Fricke, who estimates 1987 earnings at 7.80 dlrs and 1988
+at 10.80 dlrs, said cost cutting and new car models will not
+affect 1987 results. "But the key thing isn't so much what they
+earn this year. It's the momentum beyond this year that's
+important."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18101" NEWID="1683">
+<DATE> 4-MAR-1987 14:01:30.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0324&#31;reute
+d f BC-EMS-SYSTEMS-&lt;EMSIF>-I   03-04 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMS SYSTEMS &lt;EMSIF> IN MARKETING DEAL</TITLE>
+<DATELINE>    CARROLLTON, Texas, March 4 - </DATELINE><BODY>EMS Systems Ltd said it has
+signed an agreement for &lt;Teleco USA Inc> to sell EMS' Six-Party
+Conference Bridge for telecommunications through the Teleco
+network of 150 dealers nationwide.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18102" NEWID="1684">
+<DATE> 4-MAR-1987 14:02:07.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0327&#31;reute
+r f BC-ERC   03-04 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARTNERSHIP CUTS STAKE IN ERC INTERNATIONAL&lt;ERC></TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Parsow Partnership Ltd, a Nevada
+investment partnership, said it lowered its stake in ERC
+International Inc to 343,500 shares or 8.3 pct of the total
+outstanding common stock, from 386,300 shares, or 9.3 pct.
+    In a filing with the Securities and Exchange Commission,
+Parsow said it sold 42,800 ERC common shares between Jan 9 and
+March 2 at prices ranging from 12.125 to 14.50 dlrs each.
+    The partnership said its dealings in ERC stock are for
+investment purposes and it has no intention of seeking control
+of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18103" NEWID="1685">
+<DATE> 4-MAR-1987 14:02:16.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0328&#31;reute
+d f BC-ECONOMIC-SPOTLIGHT--   03-04 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - JAPAN LOW GROWTH MODEL</TITLE>
+<AUTHOR>    By Eric Hall, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 4 - </DATELINE><BODY>Healthy growth in corporate profits and in
+consumer spending, the two pillars on which Japan rests its
+hopes of sustained economic growth, both look rotten at the
+core, economists polled by Reuters said.
+    Profits and domestic consumption are meant to replace
+exports as the engine of growth. But close ties between
+corporate performance and wages mean that the alternative
+economic model promises little but slower growth, they said.
+    Falling profits may lead to falling incomes, which in turn
+will cut sales and further reduce profits.
+    The Bank of Japan said in its latest outlook that improved
+terms of trade linked to the strong yen would help domestic
+demand grow steadily.
+    However, this would happen only if household spending
+increased in line with the value of real financial assets due
+to stable prices, and/or if corporate investment recovered as
+profits from domestic sales improved compared with those from
+exports.
+    "No clear sign of such developments has so far been
+evidenced," the central bank said.
+    Poor business prospects are the reason why economic growth
+will be slow, even though Japan's terms of trade have improved
+sharply due to the strong yen. Economist David Pike of Phillips
+and Drew estimates that in 1986 unit cost prices fell 30 pct
+while output prices fell only eight pct, giving a large price
+margin advantage in the domestic market -- as long as companies
+did not pass that advantage on to the consumer.
+    Last year's gap of almost 10 percentage points between the
+fall in the wholesale price index and the slight drop in
+consumer prices shows that gains from the improved terms of
+trade have been kept as profits by producers and distributors.
+    The economists, however, believe this layer of fat will
+protect companies for only a short while. As more firms seek
+more profits at home instead of abroad, already fierce domestic
+competition will increase, fueled by lower-priced imports.
+Retail prices will fall. Profit margins will suffer.
+    A December survey by top business organisation Keidanren
+confirms this dim view is taken by the firms themselves.
+    Of companies polled in the key manufacturing sector, almost
+80 pct thought the high yen would create a drop in production
+volume and 60 pct predicted a drop in corporate performance,
+said Keidanren economist Kazuyuki Kinbara.
+    Main counter-measures cited by the firms include cutting
+unprofitable operations, reducing work to sub-contractors
+(which employ significant numbers of workers), holding down
+wages, and reducing bonuses. The government has said it fears
+unemployment could soon double from three pct now.
+    Unemployment and slow wage growth will obviously hurt
+sales. But reduced bonuses, and worries about individual
+financial security could be even more damaging.
+    Twice a year, bonuses provide wage earners with what
+amounts to an enforced lump sum in savings, encouraging them to
+buy large consumer products and sparking a sales bonanza.
+    To save funds, some big firms have begun a form of tied
+bonus, forcing employees to spend it on the firm's own goods.
+    Economists also predict Japanese will not save less than
+the average 16 pct of salary they do now. On the contrary, a
+poor outlook and lower disposable income could strengthen the
+resolve to put money aside for old age and illness, education,
+and housing -- the main drains on the working man's salary.
+    The last government survey of public opinion said over 80
+pct of citizens will continue to economise. Japan has a rapidly
+ageing population and minimal social security and its workers
+fear poverty in their old age.
+    Faced with such a vicious circle, the government's
+reflationary strategies are severely limited.
+    The commitment by the ruling Liberal Democratic Party and
+Finance Ministry to cut the state debt has resulted in small
+supplementary budgets and attempts to provide fiscal incentive
+without reducing revenue. Independent economists have been less
+than excited at the results.
+    Provision for monetary stimulus is similarly limited.
+    The 2.5 pct discount rate is so low it is politically
+impossible to cut it further, with the basic bank savings rate
+at only 0.25 pct, Bank of Tokyo economist Haruo Muto said.
+    Almost 60 pct of Japanese still hold their savings in some
+kind of deposit, official figures show.
+    Moves to directly inject liquidity are unproductive while
+firms are planning cuts in capital investment.
+    The central bank is well aware that soaring stock and land
+prices are the only current results of high liquidity.
+    Fear of inflation also limits policy options. Political
+analysts ascribe Prime Minister Yasuhiro Nakasone's 1986 big
+election victory largely to a long period of almost zero price
+inflation. And he found this year that attempts to impose a
+sales tax to offset tax cuts arouses fierce voter opposition.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18104" NEWID="1686">
+<DATE> 4-MAR-1987 14:04:12.35</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iran</D><D>algeria</D></PLACES>
+<PEOPLE><D>aqazadeh</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0339&#31;reute
+u f AM-OIL-IRAN   03-04 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRANIAN OIL MINISTER DUE IN ALGERIA ON FRIDAY</TITLE>
+<DATELINE>    ALGIERS, March 4 - </DATELINE><BODY>Iranian Oil Minister Gholamreza Aqazadeh
+is expected here on Friday for talks with his Algerian
+counterpart Belkacem Nabi, the official Algerian news agency
+APS said today.
+    Aqazadeh, who will be accompanied by a large delegation,
+will have talks on bilateral relations in the field of energy
+and exchange views with Algerian officials on the current world
+energy situation, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18105" NEWID="1687">
+<DATE> 4-MAR-1987 14:04:49.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0343&#31;reute
+r f BC-NORTHERN-TELECOM-&lt;NT>   03-04 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN TELECOM &lt;NT> IN PHONE PACT WITH CHINA</TITLE>
+<DATELINE>    TORONTO, March 4 - </DATELINE><BODY>Northern Telecom Ltd said it signed a
+contract with the Peking Telecommunications Administration and
+the Peking Foreign Trade Corp to supply an SL-1 automatic call
+distributor system for Peking's central telephone office.
+    Financial terms were undisclosed.
+    It said Peking's telephone company would use the system to
+receive and distribute incoming information requests more
+effectively among operators.
+    The company said it and Peking's telephone administration
+were discussing cooperation on other telecommunications
+systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18106" NEWID="1688">
+<DATE> 4-MAR-1987 14:04:59.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0345&#31;reute
+r f BC-&lt;GOLDOME-FSB>-YEAR-NE   03-04 0020</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GOLDOME FSB> YEAR NET</TITLE>
+<DATELINE>    BUFFALO, N.Y., March 4 -
+    </DATELINE><BODY>Net 52.9 mln vs 21.9 mln
+    NOTE: Company is mutual savings bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18107" NEWID="1689">
+<DATE> 4-MAR-1987 14:06:25.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0352&#31;reute
+d f BC-BEAR-AUTOMOTIVE-SERVI   03-04 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEAR AUTOMOTIVE SERVICE &lt;BEAR> 4TH QTR OPER NET</TITLE>
+<DATELINE>    MILWAUKEE, March 4 - 
+    </DATELINE><BODY>Oper shr 18 cts vs 28 cts
+    Oper net 1,076,000 vs 1,441,000
+    Sales 22.6 mln vs 21.2 mln
+    Avg shrs 5,970,000 vs 5,080,000
+    Year
+    Oper shr 55 cts vs 49 cts
+    Oper net 3,007,000 vs 2,521,000
+    Sales 82.9 mln vs 73.7 mln
+    Avg shrs 5,429,000 vs 4,484,000
+    Note: Full company name is Bear Automotive Service
+Equipment Co
+    Oper shr excludes extraordinary profit from utilization of
+tax loss carryforward of 231,000 dlrs, or four cts a share and
+1.2 mln dlrs, or 22 cts a share, respectively, in 1986 qtr and
+year, and of 441,000 dlrs, or nine cts a share and 1.1 mln
+dlrs, or 23 cts a share, respectively, in 1985 qtr and year.
+    1985 year oper net excludes loss from cumulative effect of
+change in accounting principle of 67,000 dlrs, or one ct a
+share.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18108" NEWID="1690">
+<DATE> 4-MAR-1987 14:06:38.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0354&#31;reute
+d f BC-ENVIRONMENTAL-POWER-&lt;   03-04 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIRONMENTAL POWER &lt;POWR> UNIT GETS CONTRACT</TITLE>
+<DATELINE>    BOSTON, March 4 - </DATELINE><BODY>Environmental Power Corp said its
+subsidiary, Environmental Protection Resources Inc, of Houston,
+has been hired to build a 20 mln dlr resource recovery plant
+for Lubbock, Texas.
+    Environmental said its subsidiary also will own and operate
+the plant, which will convert solid waste into electricity.
+    The plant is scheduled for operation by early 1989, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18109" NEWID="1691">
+<DATE> 4-MAR-1987 14:06:45.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0355&#31;reute
+h f BC-SOFTECH-&lt;SOFT>-GETS-A   03-04 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOFTECH &lt;SOFT> GETS AIR FORCE CONTRACT</TITLE>
+<DATELINE>    WALTHAM, Mass., March 4 - </DATELINE><BODY>Softech Inc said it was awarded a
+1,035,767 mln dlr contract by the U.S. Air Force Aeronautical
+Systems Division at Wright-Patterson Air Force base.
+    Under the seven-month contract, which carries four one-year
+renewal options, Softech said it will continue to operate the
+Defense Department's Ada Validation Facility and JOVIAL
+Language Control Facility.
+    Total value of the contract, if renewal options are
+exercised, is 6,526,253 dlrs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18110" NEWID="1692">
+<DATE> 4-MAR-1987 14:07:48.10</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0358&#31;reute
+u f BC-U.K.-OIL-INDUSTRY-"NO   03-04 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. OIL INDUSTRY SAID NOT PERMANENTLY DAMAGED</TITLE>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>The U.K. Offshore oil industry has
+suffered from last year's collapse in oil prices but should not
+sustain any permament damage, Minister of State for Energy
+Alick Buchanan-Smith said.
+    The drilling, diving and supply vessels sectors had been
+most affected, Buchanan Snith told the House of Commons energy
+committee. He noted, however, that oil companies were still
+spending six mln stg a day to maintain North Sea production.
+    He added that a report by the manpower services committee
+which said 14,000 jobs were lost in the industry in 1986 should
+be seen in the context of a total workforce of 300,000.
+    Prices of North Sea Brent-grade crude dipped to a low of
+8.50
+dlrs a barrel last July from a peak of over 30 dlrs the
+previous November.
+    They recovered to around 18 dlrs a barrel after last
+December's OPEC meeting and Brent traded today around 17.15
+dlrs.
+    Buchanan-Smith said the U.K. Has no intention of adopting
+OPEC style quotas, noting that Britian is an oil-consuming as
+well as an oil-producing nation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18111" NEWID="1693">
+<DATE> 4-MAR-1987 14:08:42.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0361&#31;reute
+r f BC-CHASE-MANHATTAN-STUDY   03-04 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHASE MANHATTAN STUDYING ITALIAN EXPANSION</TITLE>
+<DATELINE>    Milan, March 4 - </DATELINE><BODY>&lt;Chase Manhattan Bank N.A.> is considering
+expanding its operations in Italy, particularly in the consumer
+banking sector, a Chase Manhattan official said.
+    Robert D. Hunter, Chase Manhattan area executive for
+Europe, Africa and the Middle East, said at a news conference
+that plans to broaden the bank's activities on the Italian
+market have not been finalised, however.
+    Asked if Chase Manhattan would consider an acquisition in
+Italy, Hunter said: "We will look at any opportunity, but the
+prices of Italian banks have been quite high." Chase Manhattan
+has branches in Milan and Rome.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18112" NEWID="1694">
+<DATE> 4-MAR-1987 14:08:51.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0362&#31;reute
+r f BC-HRS-&lt;IHIRF>-REDUCING   03-04 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HRS &lt;IHIRF> REDUCING STAKE IN HAL ROACH &lt;HRSI></TITLE>
+<DATELINE>    TORONTO, March 4 - </DATELINE><BODY>International H.R.S. Industries Inc said
+it would reduce its stake in Hal Roach Studios Inc to 22 pct
+from 52 pct in return for 6.3 mln U.S. dlrs from Qintex Inc's
+Qintex America (Media) Ltd unit.
+    H.R.S. said that under the deal's first stage, closng March
+22, it would sell Qintex 900,000 Hal Roach shares at seven U.S.
+dlrs a share each for a total of 6.3 mln dlrs and Roach will
+repay H.R.S. 3.3 mln U.S. dlrs of advances.
+    Qintex will also complete the 16.8 mln U.S. dlr buy of 2.4
+mln Roach treasury shares at seven dlrs each and provide Roach
+with 50 mln U.S. dlrs of financing for expansion, H.R.S. said.
+    H.R.S. said that the agreement also provided for a second
+stage over one year in which it had a put option exercisable 
+one year from closing to sell Qintex all or part of its two mln
+Roach shares for 8.50 U.S. dlrs a share.
+    It said Qintex had a 30-day call option, exerciseable nine
+months from closing, to buy from H.R.S. all or part of one mln
+Roach shares at the greater of 8.50 dlrs each or the average
+Roach share price for three months before exercise date.
+    Qintex will also acquire another 2.4 mln Roach treasury
+shares at seven dlrs a share 12 months after closng for another
+16.8 mln dlrs, H.R.S. said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18113" NEWID="1695">
+<DATE> 4-MAR-1987 14:10:13.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0365&#31;reute
+d f BC-FIRST-UNION-REAL-ESTA   03-04 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION REAL ESTATE UNIT HIT WITH LABOR SUIT</TITLE>
+<DATELINE>    PITTSBURGH, Pa., March 4 - </DATELINE><BODY>The National Labor Relations
+Board said it issued an unfair Labor practice complaint against
+First Union Management, a unit of First Union Real Estate
+Investments &lt;FUR>, for discouraging membership in a labor
+organization.
+    The NLRB said the complaint asserts First Union Management
+hired a cleaning contractor, &lt;Systems Management>, to clean the
+300 Sixth Avenue Building in Pittsburgh on the condition that
+Systems not deal with the Service Employees International Union
+(SEIU), Local 29.
+    Jack Yoedt, executive director of SEIU, the janitors union,
+said that damages could amount to more than 200,000 dlrs in
+back pay for janitors and that other damages may be
+forthcoming.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18114" NEWID="1696">
+<DATE> 4-MAR-1987 14:10:23.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0366&#31;reute
+d f BC-TOTAL-STILL-EXPECTS-1   03-04 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTAL STILL EXPECTS 1.5 BILLION FRANC 1986 LOSS</TITLE>
+<DATELINE>    PARIS, March 4 - </DATELINE><BODY>French oil group Total Cie Francaise des
+Petroles &lt;TPN.PA> is still expecting a 1.5 billion franc
+consolidated net loss, including minority interests, for 1986,
+after taking account of stock losses of 7.5 billion francs, the
+company said in a communique after a board meeting here.
+    In late January group president Francois-Xavier Ortoli told
+journalists that the slump in oil prices and the weak dollar
+had caused the stock depreciation, turning a consolidated net
+profit, before losses on stocks, of six billion francs into a
+consolidated net loss of 1.5 billion francs.
+    Earlier today Armand Guilbaud, president of Total's
+refining and distribution subsidiary Cie de
+Raffinage-Distribution (CRD) Total France &lt;RAFF.PA>, told
+journalists that 1986 had marked a return to profit for the
+subsidiary before stock depreciation.
+    CRD made a net profit before stock depreciation and
+currency factors of 1.95 billion francs last year after a 1.16
+billion loss in 1985.
+    But its net loss last year, taking account of that
+depreciation as well as currency fluctuations, was 1.16 billion
+francs after a 1.05 billion loss in 1985.
+    In 1986 CRD's sales fell 5.7 pct to 19.7 mln tonnes from
+20.9 mln "due to the growth in imports by independent
+distributors following a relaxation of regulations," Guilbaud
+said.
+    The subsidiary is expecting to cut its workforce to 6,000
+this year and 5,000 in 1988 from 6,800 last year, under a job
+reduction scheme which will eventually save the group 600 mln
+francs, he said.
+    Concerning business in 1987, he said that "January was a
+good month, but the situation deteriorated in February."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18115" NEWID="1697">
+<DATE> 4-MAR-1987 14:12:47.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0371&#31;reute
+r f BC-U.S.-SEMICONDUCTOR-IN   03-04 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SEMICONDUCTOR INDUSTRY FORM CONSORTIUM</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>A consortium of electrics industry
+firms to challenge Japan's presence in the global semiconductor
+market was announced by the Semiconductor Industry Association.
+    The initiative will be funded by U.S. manufacturers to
+develop the most advanced semiconductor manufacturing
+technologies, the association said at a news conference.
+    Government participation and financial support will also be
+sought for the consortium called SEMATECH, for "semiconductor
+manufacturing technology." 
+    "We can continue to sit back and watch the Japanese target
+and assualt yet another critical U.S. industry. Or we can get
+in gear and do what is necessary to repell this attack," said
+Irwin Federman, chief executive officer of Monolithic Memories
+Inc.
+    He said the objective of SEMATECH, a non profit
+corporation, was to maintain leadership in an industry that was
+vital to the U.S. economy and national security.
+    The plan was for SEMATECH to establish a facility at
+various manufacturers and equipment suppliers to pioneer
+advanced manufacturing techniques for semiconductors.
+REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18116" NEWID="1698">
+<DATE> 4-MAR-1987 14:12:59.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0373&#31;reute
+b f BC-gmcanada   03-04 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL MOTORS CANADA FEBRUARY CAR SALES FALL TO 25,779 UNITS FROM YEAR-AGO 31,361
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18117" NEWID="1699">
+<DATE> 4-MAR-1987 14:13:37.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0374&#31;reute
+b f BC-******CHRYSLER-TO-SPE   03-04 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER TO SPEND 367 MLN DLRS ON MODEL CHANGEOVER AT ILLINOIS PLANT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18118" NEWID="1700">
+<DATE> 4-MAR-1987 14:15:38.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0379&#31;reute
+d f BC-&lt;AMERICAN-VENTURES-IN   03-04 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AMERICAN VENTURES INC> HAS COGENERATION FUNDING</TITLE>
+<DATELINE>    GREENWICH, Conn., March 4 - </DATELINE><BODY>American Ventures Inc said it
+and joint venture partner &lt;Sagamore Corp> have executed an
+engagement letter for &lt;Donaldson, Lufkin and Jenrette
+Securities Corp> to assist in arranging the financing for the
+80 megawatt Mon Valley coal-fired fluidized bed cogeneration
+project in Greene County, Pa.
+    The company said the electric output from the
+previously-announced project is expected to be sold to
+Allegheny Power System Inc &lt;AYP> under a 30-year contract now
+being negotiated.  It said Donaldson would also provide aid for
+two other cogeneration projects being developed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18119" NEWID="1701">
+<DATE> 4-MAR-1987 14:17:01.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0381&#31;reute
+u f BC-FRANCE-SETS-7.5-BILLI   03-04 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE SETS 7.5 BILLION FRANC T-BILL TENDER</TITLE>
+<DATELINE>    PARIS, March 4 - </DATELINE><BODY>The Bank of France said it will offer 7.5
+billion francs' worth of negotiable Treasury bills at its next
+public weekly tender on March 9.
+    The total includes two billion francs of 13-week bills, 2.5
+billion francs of two-year bills and three billion francs'
+worth of five year bills.
+    No maximum or minimum price has been set.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18120" NEWID="1702">
+<DATE> 4-MAR-1987 14:17:49.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0382&#31;reute
+r f BC-(NISSAN-MOTOR)-LATE-F   03-04 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(NISSAN MOTOR) LATE FEBRUARY U.S. CAR SALES UP</TITLE>
+<DATELINE>    CARSON, CALIF., March 4 - </DATELINE><BODY>Nissan Motor Corp U.S.A. said
+domestic car sales in the February 21 to 28 period rose to
+3,501 from 2,578 cars at the same time last year.
+    For the month of February, U.S. car sales increased to
+7,200 from 6,843 cars in the comparable month a year ago,
+Nissan Motor, a wholly-owned subsidiary of Nissan Motor Ltd
+said .
+    For the year-to-date, Nissan Motor domestic sales advanced
+to 13,769 cars from 12,846 cars in 1986, the automaker said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18121" NEWID="1703">
+<DATE> 4-MAR-1987 14:19:18.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0383&#31;reute
+u f BC-S/P-UPGRADES-WILLIAMS   03-04 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P UPGRADES WILLIAMS COS &lt;WMB> DEBT SECURITIES</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Standard and Poor's Corp said it has
+upgraded approximately two billion dlrs of securities for the
+Williams Cos. and its related entities.
+    S and P said recent sales of non-regulated oil and gas,
+coal, fertilizer, and telecommunications assets significantly
+reduce business risk. With 900 mln dlrs of proceeds available
+to reduce debt, the financial profile should also improve.
+    Among issues upgraded were Williams' debentures, raised to
+BB-plus from BB-minus and Williams Natural Gas Co's debentures
+and preferred stock to BBB-minus from BB-plus. Northwest
+Pipeline Corp issues also were upgraded.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18122" NEWID="1704">
+<DATE> 4-MAR-1987 14:20:24.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0386&#31;reute
+r f BC-GM-&lt;GM>-CANADA-FEBRUA   03-04 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> CANADA FEBRUARY CAR SALES OFF 17.8 PCT</TITLE>
+<DATELINE>    OSHAWA, Ontario, March 4 - </DATELINE><BODY>General Motors of Canada Ltd,
+wholly owned by General Motors Corp, said February car sales
+fell 17.8 pct to 25,779 units from 31,361 units the previous
+year.
+    Year-to-date car sales fell 23.8 pct from last year, the
+company said. It did not immediately disclose actual
+year-to-date figures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18123" NEWID="1705">
+<DATE> 4-MAR-1987 14:21:41.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0387&#31;reute
+u f BC-ANALYST-REITERATES-BU   03-04 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYST REITERATES BUY ON SOME DRUG STOCKS</TITLE>
+<DATELINE>    New York, March 4 - </DATELINE><BODY>Merrill Lynch and Co analyst Richard
+Vietor said he reiterated a buy recommendation on several drug
+stocks today.
+    The stocks were Bristol-Myers Co &lt;BMY>, which rose 2-1/4 to
+101, Schering-Plough Corp &lt;SGP> 2-7/8 to 97 and Syntex Corp
+&lt;SYN> 1-3/8 to 82. Vietor described these stocks as a "middle
+group" of performers.
+    Vietor said the prices of these stocks, "look pretty cheap
+relative to the leading performers in the drug group, such as
+Upjohn Co &lt;UPJ>, Merck and Co Inc &lt;MRK>, and Squibb Corp
+&lt;SQB>."
+    Vietor said he also mentioned Pfizer Inc &lt;PFE> up two to
+72-3/4 and Warner-Lambert Co &lt;WLA> up 1-1/2 to 74-1/2 as being
+in the middle group. But he did not recommend those stocks,
+which he rates as neutral.
+                                       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18124" NEWID="1706">
+<DATE> 4-MAR-1987 14:22:35.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0389&#31;reute
+r f BC-STEEGO-CORP-&lt;STG>-3RD   03-04 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEEGO CORP &lt;STG> 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    WEST PALM BEACH, Fla., March 4 -
+    </DATELINE><BODY>Oper shr loss 16 cts vs loss 10 cts
+    Oper net loss 1,569,000 vs loss 990,000
+    Sales 50.3 mln vs 50.1 mln
+    Nine mths
+    Oper shr loss nine cts vs loss two cts
+    Oper net loss 849,000 vs loss 199,000
+    Sales 159.9 mln vs 156.6 mln
+    NOTE: Current nine mths net includes 1,036,000 dlr pretax
+gain on sale of property.
+    Prior year net both periods includes pretax gain 1,095,000
+dlrs on pension plan termination.
+    Current quarter net includes 580,000 dlr tax credit.
+    Prior year net includes losses from discontinued operations
+of 200,000 dlrs in quarter and 573,000 dlrs in nine mths.
+    Results restated for discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18125" NEWID="1707">
+<DATE> 4-MAR-1987 14:24:00.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0392&#31;reute
+h f BC-MCA-&lt;MCA>-NAMES-SPIEL   03-04 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCA &lt;MCA> NAMES SPIELBERG CREATIVE CONSULTANT</TITLE>
+<DATELINE>    UNIVERSAL CITY, Calif., March 4 - </DATELINE><BODY>MCA Inc said noted film
+maker Steven Spielberg will serve as creative consultant for
+Universal Studios Tour Florida.
+    The tour is a joint venture between MCA and Cineplex Odeon
+Corp that is scheduled to open in 1989.
+    MCA is also planning a major expansion of its Universal
+Studio Tours. The expansion includes four live-action shows
+based films and TV series, including Spielberg's "E.T.".
+    MCA's actions are seen as spurred by The Disney Co's &lt;DIS>
+Chairman Michal Eisner's intention to build a new attraction in
+the Los Angeles area, possibly a studio tour.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18126" NEWID="1708">
+<DATE> 4-MAR-1987 14:24:06.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0393&#31;reute
+s f BC-E-SYSTEMS-INC-&lt;ESY>-S   03-04 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E-SYSTEMS INC &lt;ESY> SETS QUARTERLY</TITLE>
+<DATELINE>    DALLAS, March 4 -
+    </DATELINE><BODY>Qtly div 12-1/2 cts vs 12-1/2 cts prior
+    Pay April One
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18127" NEWID="1709">
+<DATE> 4-MAR-1987 14:25:21.51</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0395&#31;reute
+d f BC-RESOURCE-EXPLORATION   03-04 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESOURCE EXPLORATION &lt;REXI> IN DRILLING PACT</TITLE>
+<DATELINE>    AKRON, Ohio, March 4 - </DATELINE><BODY>Resource Exploration Inc said it has
+agreed to let &lt;Langasco Energy Corp> drill 50 oil and
+natural gas wells on its Clinton Sandstone formation within its
+Tuscarawas and Harrison County, Ohio area of operation.
+    Resource said it would receive a cash payment and an
+overriding royalty interest on oil and gas production from
+wells drilled on the property.
+    Resource said gas produced from the property will be
+transported through its existing pipeline. Also, Resource said
+it will provide service work to complete the wells and it will
+operate the wells after they are completed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18128" NEWID="1710">
+<DATE> 4-MAR-1987 14:28:47.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0399&#31;reute
+b f BC-******CME-POSTPONES-C   03-04 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CME POSTPONES CONSIDERATION OF PETITION  TO BAN DUAL TRADING UNTIL NEXT WEEK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18129" NEWID="1711">
+<DATE> 4-MAR-1987 14:30:16.10</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0400&#31;reute
+r f AM-oil-texas   03-04 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS OIL REGULATOR CALLS FOR STATE TAX BREAKS</TITLE>
+<DATELINE>    AUSTIN, Texas, March 4 - </DATELINE><BODY>Texas Railroad Commissioner James
+Nugent, saying that the ailing oilpatch cannot wait for
+Congress to act, today urged Texas state lawmakers to adopt
+incentives to find new oil reserves and to exempt severance
+taxes on oil produced from stripper wells.
+    Nugent said in a speech to the Texas house of
+representatives that the state must take the initiative in
+molding U.S. energy policy and finding new ways to assist
+troubled oil producers.
+    His proposal to revitalize Texas' oil industry would exempt
+stripper wells that produce 10 barrels of oil or less each day
+from the state's 4.6 pct severance tax. He said that the
+majority of Texas' oil wells fall within the stripper well
+category and a price swing of two to three dlrs a barrel can be
+crucial in determining if the well remains in production.
+    Nugent also called for state lawmakers to exempt new
+wildcat wells from the state severance tax for up to five years
+as a financial incentive to explore for new oil reserves.
+    Secondary and tertiary oil production, expensive methods of
+production that inject water or gas into the ground to recover
+oil, should also be exempted from the severance tax, Nugent
+said. His plan would exempt existing secondary and tertiary
+wells that produce at a rate of less than three barrels a day
+for three years, or until the price of oil reaches $25 a
+barrel.
+    "We've been sitting back and waiting on two federal
+administrations to develop a coherent energy policy for the
+nation to follow. I say we have waited long enough," Nugent
+said. "In other words, let's tell Washington to either lead,
+follow, or get out of the way."
+    Nugent said that the financial losses to the state treasury
+by exempting marginal oil production from state severance taxes
+would be more than made up by stimulating new business for the
+oil supply and service industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18130" NEWID="1712">
+<DATE> 4-MAR-1987 14:32:11.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0406&#31;reute
+d f BC-GM-CANADA-FEBRUARY-CA   03-04 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM CANADA FEBRUARY CAR SALES OFF 17.8 PCT</TITLE>
+<DATELINE>    OSHAWA, Ontario, March 4 - </DATELINE><BODY>General Motors of Canada Ltd,
+wholly owned by General Motors Corp, said February car sales
+fell 17.8 pct to 25,779 units from 31,361 units the previous
+year.
+    Year-to-date car sales fell 23.8 pct from last year, the
+company said. It did not immediately disclose actual
+year-to-date figures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18131" NEWID="1713">
+<DATE> 4-MAR-1987 14:33:48.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0415&#31;reute
+b f BC-******CHRYSLER-TO-IDL   03-04 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER TO IDLE 2,800 WORKERS AT ILLINOIS PLANT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18132" NEWID="1714">
+<DATE> 4-MAR-1987 14:34:32.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0419&#31;reute
+s f BC-UNICORP-AMERICAN-CORP   03-04 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNICORP AMERICAN CORP &lt;UAC> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 4 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts prior
+    Pay March 31
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18133" NEWID="1715">
+<DATE> 4-MAR-1987 14:39:22.53</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0430&#31;reute
+u f BC-/COLOMBIA-BLASTS-U.S.   03-04 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA BLASTS U.S. FOR COFFEE TALKS FAILURE</TITLE>
+<DATELINE>    BOGOTA, March 4 - </DATELINE><BODY>Colombian finance minister Cesar Gaviria
+blamed an inflexible U.S. position for the failure of last
+week's International Coffee Organisation, ICO, talks on export
+quotas.
+    "We understand that the U.S. Position was more inflexible
+than the one of Brazil, where current economic and political
+factors make it difficult to adopt certain positions," Gaviria
+told Reuters in an interview.
+    The U.S. and Brazil have each laid the blame on the other
+for the breakdown in the negotiations to re-introduce export
+quotas after being extended through the weekend in London.
+    Gaviria stressed that Colombia tried to ensure a successful
+outcome of the London talks but he deplored that intransigent
+attitudes, both from producing and consuming nations, made it
+impossible.
+    In a conversation later with local journalists, Gaviria
+said the U.S. attitude would have serious economic and
+political consequences, not necessarily for a country like
+Colombia but certainly for other Latin American nations and for
+some African countries.
+    He told Reuters that Colombia, because of the relatively
+high level of its coffee stocks, would probably suffer less.
+    According to Gaviria, Colombia can hope to earn about 1,500
+mln dlrs this calendar year from coffee exports, which
+traditionally account for 55 pct of the country's total export
+revenue.
+    That estimate would represent a drop in revenues of 1,400
+mln dlrs from 1986.
+    Colombia, which held stockpiles of 10.5 mln bags at the
+start of the current coffee year, exported a record 11.5 mln
+bags in the 1985/86 coffee year ending last September 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18134" NEWID="1716">
+<DATE> 4-MAR-1987 14:40:08.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0434&#31;reute
+s f BC-LIBERTY-FINANCIAL-GRO   03-04 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBERTY FINANCIAL GROUP &lt;LFG> REGULAR DIVIDEND</TITLE>
+<DATELINE>    HORSHAM, Pa., March 4 -
+    </DATELINE><BODY>Qtly div 12.5 cts vs 12.5 cts in prior qtr
+    Payable March 13
+    Record February 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18135" NEWID="1717">
+<DATE> 4-MAR-1987 14:40:28.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0435&#31;reute
+b f BC-chrysler-canada-sales   03-04 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER CANADA FEBRUARY CAR SALES FALL TO 9,640 UNITS FROM YEAR-AGO 11,967
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18136" NEWID="1718">
+<DATE> 4-MAR-1987 14:42:38.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0440&#31;reute
+u f BC-PACTEL-&lt;PAC>-SEES-EAR   03-04 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACTEL &lt;PAC> SEES EARNINGS GROWTH</TITLE>
+<DATELINE>    New York, march 4 - </DATELINE><BODY>Pacific Telesis Group chairman Donald
+Guinn told a meeting of security analysts that the company sees
+continued earnings growth in 1987 above the 1.08 billion dlrs,
+or 5.02 dlrs per share, earned in 1986.
+    Guinn also said that capital spending stood at about 1.8
+billion dlrs in 1986, and the company expected the figure to
+remain flat each year through 1989. He noted that all captial
+spending will be internally financed.
+    Guinn also told analysts that the company faced some
+regulatory uncertainties in ongoing rate cases at its Pacific
+Bell operating company.
+    In rates hearings before, the California Public Utility
+Commission, Guinn said the company faced a potential 76 mln dlr
+revenue reduction, and due to ongoing discussions with the
+commission, he said the figure might even be greater.
+    The company also faces some opposition to a 225 mln dlr
+rate hike requested for 1986. Guinn said the commission found
+180 mln dlrs of the hike was based on questionable calculations
+and assumptions, while 45 mln dlrs might represented unneeded
+modernization costs.
+    Guinn also said that the company is still studying whether
+to join an international consortium that plans to lay a
+transpacific telephone cable between the U.S. and Japan.
+    "We have not agreed to anything," Guinn said, but added he
+would soon recieve a feasibility study on the venture and the
+company would make a decision soon on participating.
+    Asked by an analyst about the recent recommendation by the
+U.S. Department of Justice which would allow the Bell operating
+companies to offer limited long distance services, Guinn said
+the company would likely shy away from that type of expansion.
+    "(Long distance services) is a very competitive business.
+It's a commodity business and becoming more so," he said. "I'm
+not so sure we would be interested in getting back into that
+business."
+    However, Guinn generally applauded the U.S.
+recommendations, saying they would give more latitude for the
+Bell operating companies to expand into non-regulated
+businesses and provide more flexibility to form strategic
+alliances with other companies.
+    He added that while the company welcomes the expansion into
+new areas, it is not currently involved in any acqusition
+talks. "We do not have anything actively under consideration,"
+he said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18137" NEWID="1719">
+<DATE> 4-MAR-1987 14:44:25.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0443&#31;reute
+f f BC-******TRANS-WOREL-AIR   03-04 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRANS WORLD AIRLINES MAKES 52 DLR/SHARE CASH MERGER PROPOSAL FOR USAIR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18138" NEWID="1720">
+<DATE> 4-MAR-1987 14:45:20.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0446&#31;reute
+u f BC-SENATE-COMMITTEE-ISSU   03-04 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE COMMITTEE ISSUES REVISED BANK BILL</TITLE>
+<DATELINE>     WASHINGTON, March 4 - </DATELINE><BODY>The Senate Banking Committee has
+issued a revised draft bank regulation bill which would permit
+so-called non-bank banks to continue all their activities in
+progress as of March 5, 1987.
+    The bill, which the committee is scheduled to consider
+tomorrow, would prohibit non-bank banks from beginning any new
+activities after March 5, increase the number of their
+locations or cross-market products or services not permissible
+for bank holding companies.
+    The bill would also impose a one-year moratorium on bank
+securities or insurance activities.
+    The bill would establish a financing corporation to raise
+7.5 billion dlrs for the Federal Savings and Loan Insurance
+Corp and give federal regulators more power to arrange
+out-of-state mergers for failed or failing banks with 500 mln
+dlrs or more in assets.
+    Committee chairman William Proxmire, D-Wis, had wanted to
+ban all non-bank bank activities started after July 1, 1983,
+but opposition from other committee members forced him to
+revise the legislation.
+    The House Banking committee is also considering bank
+regulation legislation, but is waiting for the Senate to act.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18139" NEWID="1721">
+<DATE> 4-MAR-1987 14:46:11.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0448&#31;reute
+h f BC-TEXAS-AIR-&lt;TEX>-UNIT   03-04 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR &lt;TEX> UNIT SETS LAS VEGAS FLIGHTS</TITLE>
+<DATELINE>    NEWARK, N.J., March 4 - </DATELINE><BODY>Texas Air Corp's Continental
+Airlines subsidiary said it will serve Las Vegas from several
+Northeastern cities from its Newark hub starting March 15 with
+MaxiSaver fares as low as 99 dlrs each way for off-peak and 119
+dlrs for peak flights.
+    It said a daily non-stop Newark-Las Vegas flight will carry
+passengers from such cities as Boston, Buffalo, Hartford,
+Norfolk, Portland, Providence, Rochester, Syracuse and
+Washington. Unrestricted coach fares to Las Vegas will be as
+low as 149 dlrs from Newark, 163 dlrs from Boston and 280 dlrs
+from Rochester.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18140" NEWID="1722">
+<DATE> 4-MAR-1987 14:48:12.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0457&#31;reute
+d f BC-UNICORP-AMERICAN-CORP   03-04 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNICORP AMERICAN CORP &lt;UAC> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 4 -
+    </DATELINE><BODY>Shr 13 cts vs 70 cts
+    Net 1,279,000 vs 7,979,000
+    Revs 16.4 mln vs 19.6 mln
+    Year
+    Shr 89 cts vs 2.43 dlrs
+    Net 10.3 mln vs 29.8 mln
+    Revs 56.2 mln vs 83.8 mln
+    Avg shrs 12.1 mln vs 13.1 mlnm
+    NOTE: 1986 year net includes gain 12.9 mln dlrs from sale
+of eight real estate properties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18141" NEWID="1723">
+<DATE> 4-MAR-1987 14:50:59.70</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>kenya</D><D>uk</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0465&#31;reute
+d f BC-KENYA-SIGNS-AGREEMENT   03-04 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENYA SIGNS PACT TO ESTABLISH OWN SHIPPING LINE</TITLE>
+<DATELINE>    NAIROBI, March 4 - </DATELINE><BODY>Kenya has signed an agreement with
+British and German interests to establish a shipping line that
+will handle 40 pct of the country's external trade, sources
+close to the deal said.
+    The state-owned Kenya Ports Authority, KPA, signed an
+agreement with the Hamburg-based shipping line Unimar
+Seetransport to establish the Kenya National Shipping line,
+with an initial capital of 100 mln shillings, sources said. KPA
+will hold 70 pct of the shares in the new company.
+    The line will initially charter vessels to operate services
+between Mombasa and the main ports of industrial Europe, but
+may eventually build or buy its own ships. The sources said it
+would aim to carry a large part of Kenya's coffee and tea
+exports and oil and fertiliser imports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18142" NEWID="1724">
+<DATE> 4-MAR-1987 14:52:13.28</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f0468&#31;reute
+r f BC-NEW-BANK-RULES-TOUGHE   03-04 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW BANK RULES TOUGHER THAN NEEDED, DEALERS SAY</TITLE>
+<AUTHOR>    By Norma Cohen, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 4 - </DATELINE><BODY>U.S. and U.K. bank regulators are asking
+banks to set aside more reserves than is necessary to cushion
+them against the risks posed by the interest rate and currency
+swap transactions they carry, swap dealers said.
+    After viewing proposed guidelines released jointly today by
+the Bank of England and the Federal Reserve Board, dealers said
+that in effect, regulators are asking them to set aside
+reserves twice for the same risk.
+    Market participants will have 60 days to respond to the
+proposals.
+    Adoption of stiffer capital requirements is especially
+significant in the eurobond markets, which saw new issue volume
+of about 183 billion dlrs in 1986 according to figures compiled
+by Euromoney magazine. While no firm figures exist, dealers in
+eurobonds estimate that 80 pct of all new issues are involved
+in some swap arrangement. Separately, the ISDA estimates that
+about 300 billion dlrs worth of swap transactions are
+outstanding. Kenneth McCormick, co-chairman of the
+International Swap Dealers Association (ISDA) and President of
+Kleinwort Benson Cross Financing Inc, said that the Association
+has no comment and will study the proposals.
+    "What they are proposing is really double counting," Patrick
+de Saint-Aignan, managing director of swaps for Morgan Stanley
+and Co, said. Instead, he argues, banks should either be
+required to hold a percentage of the face value -- say one pct
+per year to maturity -- or to hold a percentage of the cost of
+replacing the contract in the event of a counterparty default.
+    "The potential risk factors are very large relative to what
+we had expected," said a director at one U.K. merchant bank.
+"What they are really doing is asking you to capitalize now --
+to borrow money now -- to cushion you against risk you might
+have 10 years from now," he added.(Adds title first paragraph).
+    Dealers also said they believe that banks not covered by
+the agreement, such as those based in Japan, will have a
+competitive advantage because they will not have to pass the
+costs on to customers.
+    Indeed, regulators are apparently also concerned about the
+exclusion of other countries from the new requirements. Federal
+Reserve Board Governor Martha Seger, following approval of the
+proposed guidelines by the Fed, said she is concerned that
+Japan was not involved in the U.K.-U.S. effort to draft new
+capital rules.
+     Dealers said they were somewhat relieved to see that bank
+regulators recognized the concept of netting, that is,
+offsetting the amounts receiveable from and payable to a single
+counterparty against each other.
+    The paper said that regulatory authorities "recognize that
+such arrangements (netting) may in certain circumstances reduce
+credit risk." Furthermore, the paper said, if a netting
+agreement could be reached that would withstand legal tests, it
+might be willing to reduce capital requirements accordingly.
+    But dealers said they fear regulators may insist on an
+airtight netting agreement that is impossible to design.
+     "One problem is that there has never been a major default
+in the swaps market. So we don't know if any of the swap
+arrangements will really stand up in court," said one bank
+official.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18143" NEWID="1725">
+<DATE> 4-MAR-1987 14:52:48.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0470&#31;reute
+u f AM-reagan-speakes   03-04 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPEAKES SAYS HE, REAGAN MISLED PUBLIC UNWITTINGLY</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Former White House spokesman Larry
+Speakes said he and President Reagan misled the public
+unintentionally on the Iran arms scandal because they
+themselves were misled by others.
+    In a televised interview, Speakes was contrasting the
+defensive, much-criticized efforts Reagan made in early
+attempts to cool the scandal with the dynamic speech he
+expected when the president addressed the nation tonight.
+    "When we went into those press conferences and that
+nationwide address in November right after the (Iran) story
+broke, the president did not have the proper information,"
+Speakes said.
+    "And that's why we were misled. And consequently, the
+president and I misled the public, to a certain extent."
+    "We were badly served by the people that were involved in
+the Iranian crisis and running the show."
+    Asked whom he meant, Speakes said former National Security
+Adviser Robert McFarlane; McFarlane successor John Poindexter;
+and then-National Security Council aide Oliver North.
+    Speakes said those three had prepared a false chronology of
+events "that misled us into thinking that we had all the facts
+..."
+    McFarlane has said that he, North and Poindexter had
+doctored a White House chronology to obscure and minimize
+Reagan's role in the arms sales. He said they did that as part
+of an effort to prepare the president for a November 19 news
+conference.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18144" NEWID="1726">
+<DATE> 4-MAR-1987 14:58:04.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0478&#31;reute
+r f BC-BANK-OF-CANADA-MADE-A   03-04 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF CANADA MADE AGGRESSIVE USE OF T-BILLS</TITLE>
+<DATELINE>    OTTAWA, March 4 - </DATELINE><BODY>The Canadian government's reduced
+borrowing needs enabled the Bank of Canada to make "aggressive
+use" of short term debt instruments and pare the cost of
+financing in 1986, the central bank said in its annual report.
+    The report, authored by retired governor Gerald Bouey, also
+noted advances to Canadian banks fell to under one billion dlrs
+at the end of the year from more than four billion dlrs in
+January, 1986, and that the country's economy performed
+unevenly while inflation remained a major concern.
+    Bouey said the bank was able to reduce the number of new
+bond issues with maturities of 10 years of more, lessen the
+reliance on Canada Savings Bonds while raising substantailly
+more through short term treasury bill financings.
+    "The aggressive use of the treasury bill program has meant
+that the government is now able to maintain lower cash balances
+and lower financing costs," said Bouey who was replaced by
+deputy governor John Crow last month.
+    The amount of treasury bills outstanding at year end was
+69.7 billion dlrs, an increase of 10.3 billion dlrs over the
+year and 20 billion dlrs since 1984.
+    The reduction in borrrowing needs was brought about by an
+eight billion dlr decline in the government's financing
+requirements, a run down in Ottawa's cash balances, and
+generation of 2.3 billion dlrs from foreign exchange
+transactions.
+    Also in pursuit of shorter term financing, the bank made
+greater use of bond auctions to market new issues with two to
+five year maturities, Bouey said.
+    Bouey said payments to chartered banks, which are made to
+banks that are facing liquidity problems, dropped to an average
+of 832.3 mln dlrs at end of December from a peak of 5.2 billion
+dlrs in March, 1986.
+    The advances were made largely to four banks, Canadian
+Commercial Bank, Northland Bank, Continental Bank of Canada and
+the Bank of British Columbia. The first two banks have been
+liquidated, which enabled partial repayment of advances, and
+the remaining two banks were sold and the new owners repaid the
+advances.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18145" NEWID="1727">
+<DATE> 4-MAR-1987 15:00:06.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0482&#31;reute
+r f BC-SHAW'S-SUPERMARKETS-I   03-04 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAW'S SUPERMARKETS INC &lt;SHAW> YEAR JAN 3</TITLE>
+<DATELINE>    EAST BRIDGEWATER, Mass., March 4 -
+    </DATELINE><BODY>Shr 1.23 dlrs vs 1.33 dlrs
+    Semi-annual div six cts vs six cts prior payment
+    Net 16.2 mln vs 14.8 mln
+    Sales 1.09 billion vs 909.4 mln
+    NOTE: Dividend is payable April one to holders of record
+March nine
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18146" NEWID="1728">
+<DATE> 4-MAR-1987 15:00:28.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0485&#31;reute
+d f BC-ROBERT-BRUCE-&lt;BRUC>-D   03-04 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROBERT BRUCE &lt;BRUC> DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Standard and Poor's said it lowered
+Robert Bruce Industries Inc's 15 mln dlrs of subordinated
+debentures to CCC from B-minus because of a deterioration in
+earnings and cash flow.
+    Debt leverage has risen to 87 pct and the company has
+suspended dividend payments to conserve cash, S and P noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18147" NEWID="1729">
+<DATE> 4-MAR-1987 15:00:55.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0488&#31;reute
+u f BC-DYNAMICS-CORP-&lt;DYA>-I   03-04 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DYNAMICS CORP &lt;DYA> IN SETTLEMENT WITH CTS &lt;CTS></TITLE>
+<DATELINE>    GREENWICH, Conn., March 4 - </DATELINE><BODY>Dynamics Corp of America said
+it has reached an agreement with CTS Corp resolving all
+differences between the two companies.
+    It said as a result of the settlement, CTS's special board
+committee has stopped soliciting orders to purchase some or all
+of CTS.
+    Dynamics, which now owns 27.5 pct of CTS' outstanding
+stock, said it agreed to limit its shareholdings to not more
+than 35 pct of the outstanding shares for a year following the
+company's 1987 annual meeting.
+    Dynamics said the CTS board will recommend CTS shareholders
+vote at the 1987 annual meeting in favor of the company paying
+Dynamics 2,178,000 dlrs as a reimbursement for its CTS releated
+costs and granting Dynamics an option to buy enough CTS common
+at 29.625 dlrs a share to give it ownership of 35 pct of the
+outstanding stock.
+    Dynamics said the price of stock under the option,
+exercisable for one year, is based on the average closing price
+for the stock for the five days ending March two.
+    Dynamics said CTS Chairman George F. Sommer will assume the
+additional title of President. Former President Robert D.
+Hostetler is resigning as a director, as is Chief Financial
+Officer Gary B. Erekson, Ted Ross and Donald J. Kacek.
+    Dynamics said the CTS board will be reduced to seven
+members for eight with the remaining four members of the
+current board and three representatives of Dynamics as new
+directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18148" NEWID="1730">
+<DATE> 4-MAR-1987 15:02:15.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0491&#31;reute
+r f BC-CME-POSTPONES-RULING   03-04 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME POSTPONES RULING ON DUAL TRADING PETITION</TITLE>
+<DATELINE>    CHICAGO, March 4 - </DATELINE><BODY>Chicago Mercantile Exchange, CME,
+directors have postponed action on a membership petition
+calling for a ban on dual trading, CME Chairman Jack Sandner
+told Reuters.
+    Consideration of the petition was scheduled for a regular
+board meeting today, but directors first wanted the opinions of
+a special committee that has been studying trading conditions
+in the Standard and Poor's 500 futures pit for the last six
+months.
+    "We didn't want to preempt the committee," Sandner said.
+    Instead, Sandner said the board will wait for the findings
+of the special S and P committee, which is considering some
+type of restriction on dual trading in S and P 500 futures.
+    Dual trading is the legal practice in which an exchange
+member can execute customer orders as well as trade for his own
+account. Critics maintain the practice provides an opportunity
+for traders to "front-run" or trade their own accounts at more
+favorable prices before customer orders are executed. Sandner
+said he expects the special committee to report its findings
+late next week and the board to act when those findings are
+presented.
+    In response to reports that the CME board is opposed to a
+ban on dual trading, Sandner pointed out that the board already
+unanimously approved a partial ban on dual trading in S and P
+500 futures at a prior meeting.
+    The change was withheld, however, at the request of the
+special committee after a study was released and the committee
+felt the issue should be addressed more comprehensively,
+Sandner said.
+    Sandner said that he personally had no aversion to a ban on
+dual trading and "the leadership (of the CME) is not opposed to
+a ban on dual trading."
+    Last week, CME special counsel Leo Melamed said the special
+study committee is considering changes only for S and P 500
+futures and options on futures.
+    In addition to the dual trading issue, the committee is
+also expected to make recommendations on the possibility for
+electronic order entry and execution for S and P 500 futures
+and rule changes to alleviate crowded conditions in the S and P
+trading pit, Melamed said.
+    Melamed said at the time that in matters where a special
+committee is appointed, recommendations from the committee are
+usually approved by the exchange board of directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18149" NEWID="1731">
+<DATE> 4-MAR-1987 15:06:37.82</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0508&#31;reute
+u f BC-/RENEWAL-OF-U.S./USSR   03-04 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENEWAL OF U.S./USSR GRAIN PACT SAID UNCERTAIN</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Prospects for renewal of the
+five-year U.S./USSR grains agreement are uncertain at this
+point, a Soviet trade official told Reuters.
+    The current trade imbalance between the United States and
+the Soviet Union, high U.S. commodity prices, and increased
+world grain production make a renewal of the supply agreement
+next year less certain, Albert Melnikov, deputy trade
+representative of the Soviet Union, said in an interview.
+    The current agreement expires on Sept 30, 1988.
+    Melnikov said that world grain markets are different than
+when the first agreement was signed in 1975.
+    Statements from both U.S. and Soviet officials have
+indicate that a long term grains agreement might not be as
+attractive for both sides as it once was.
+    "We have had one agreement. We have had a second agreement,
+but with the second agreement we've had difficulties with
+prices," Melnikov said.
+    "I cannot give you any forecasts in response to the future
+about the agreement.... I do not want to speculate on what will
+happen after Sept 30, 1988," he said.
+    Melnikov noted that he has seen no indications from Soviet
+government officials that they would be pushing for a renewal
+of the agreement.
+    "The situation is different in comparison to three, five or
+ten years ago ... We can produce more," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18150" NEWID="1732">
+<DATE> 4-MAR-1987 15:07:16.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0511&#31;reute
+d f BC-DANAHER-&lt;DHR>-EXPECTS   03-04 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANAHER &lt;DHR> EXPECTS EARNINGS INCREASE IN 1987</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Danaher Corp said it expects higher
+earnings in 1987 versus 1986.
+    "We expect significant increases in earnings and revenues
+in 1987," Steven Rales, Danaher chairman and chief executive
+officer, said.
+    Earlier, the company reported 1986 net earnings of 15.4 mln
+dlrs, or 1.51 dlrs a share, versus 13.5 mln dlrs, or 1.32 dlrs
+a share, in 1985.
+    It also reported fourth quarter net of 7.3 mln dlrs, or 71
+cts a share, up from 4.4 mln dlrs, or 43 cts a share, in the
+previous year's fourth quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18151" NEWID="1733">
+<DATE> 4-MAR-1987 15:09:15.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0519&#31;reute
+u f BC-CHRYSLER-&lt;C>-TO-MODER   03-04 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> TO MODERNIZE ILLINOIS PLANT</TITLE>
+<DATELINE>    DETROIT, March 4 - </DATELINE><BODY>Chrysler Corp's Chrysler Motors Corp
+said it will spend 367 mln dlrs at its Belvidere, Ill.,
+assembly plant to modernize the facility.
+    Chrysler said the plant, its sixth to undergo extensive
+modernization, will be shut down for model changeover starting
+March five.
+    Some 2,800 workers of the plant's 3,300 hourly employees
+will be temporarily laid off for 18 weeks from March five
+through mid-July. The other 500 workers will remain at the
+plant in maintenance, retooling and material handling jobs.
+    Chrysler said the 367 mln dlr expenditure is part of a 720
+mln dlr development program at Belvidere.
+    The rest of the money will be spent developing Chrysler's
+New York and Dodge Dynasty four-door sedans to be built at the
+plant.
+    Modernization of the 22-year-old facility is part of
+Chrysler's five-year, 12.5 billion dlr company-wide program to
+bring its manufacturing operations up to current standards.
+    Chrysler said it will increase the number of robots at
+Belvidere to 244 from 41. The robots will be used in welding,
+material handling and sealing.
+    Chrysler will also help retrain the plant's workforce. The
+State of Illinois has committeed 10 mln dlrs in training funds
+to the project.
+    When the plant reopens in July, Chrysler workers will have
+completed more than five mln classrom and on-the-job hours in
+retraining, the company said.
+    The July restart will be on a single-shift basis.
+Second-shift production will start this fall.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18152" NEWID="1734">
+<DATE> 4-MAR-1987 15:10:04.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0523&#31;reute
+u f BC-DANAHER-CORP-&lt;DHR>-4T   03-04 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANAHER CORP &lt;DHR> 4TH QTR NET</TITLE>
+<DATELINE>    WASHINGTON, March 4 -
+    </DATELINE><BODY>Shr 71 cts vs 43 cts
+    Net 7,274,000 vs 4,447,000
+    Rev 161.6 mln vs 77.6 mln
+    Year
+    Shr 1.51 dlrs vs 1.32 dlrs
+    Net 15,401,000 vs 13,525,000
+    Rev 454.0 mln vs 304.9 mln
+    NOTE: Fourth qtr net includes extraordinary gain of 3.8 mln
+dlrs, or 37 cts per share, versus 2.9 mln dlrs, or 28 cts a
+share, in 1985's fourth qtr, and an extraordinary charge of
+642,000 dlrs, or six cts a share. 1986 net includes
+extraordinary gain of 7.4 mln dlrs, or 72 cts a share, versus
+8.0 mln dlrs, or 78 cts a share, in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18153" NEWID="1735">
+<DATE> 4-MAR-1987 15:10:31.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0525&#31;reute
+b f BC-TWA-&lt;TWA>-MAKES-MERGE   03-04 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> MAKES MERGER OFFER FOR USAIR &lt;U></TITLE>
+<DATELINE>    NEW YORK, March 3 - </DATELINE><BODY>Trans World Airlines said it has
+proposed a cash merger of USAir Group with TWA in which the
+holders of USAir common would receive 52 dlrs in cash in
+exchange for their stock.
+    TWA said the offer was made in a letter to Edmin Colodny,
+chairman and president of USAir.
+    TWA said, however, that if the negotiated deal is not
+acceptable it may make an offer directly to USAir's
+shareholders for up to 51 pct of USAir's outstanding stock, to
+be purchased in a voting trust at a price lower than today's
+offer.
+    TWA said it is filing an application with the Department of
+Transportation seeking approval of the merger as well as an
+application for approval, on an expedited basis, of its
+purchase of up to 51 pct of USAir common and the deposit of the
+stock in a voting trust, pending DOT approval.
+    TWA said that in respect to USAir's recent offer for
+Piedmont Aviation &lt;PIE> it believes that USAir's shareholders
+would prefer a cash merger proposal for USAir over its proposed
+acquisition of Piedmont.
+    TWA said, however, it also would be interested in
+discussing a three way deal among USAir, Piedmont and TWA.
+    TWA said the merger is subject to the USAir board redeeming
+the preferred stock purchase rights (the poison pill) issued to
+shareholders last year and taking action so that the vote of a
+majority of the outstanding common stock is required to approve
+its proposed move.
+    Additionally, TWA said it would need a satisfactory due
+diligence review of USAir.
+    TWA said it has not yet had an opportunity to obtain the
+necessary financing for the deal, but added it is confident
+that it will get it.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18154" NEWID="1736">
+<DATE> 4-MAR-1987 15:13:04.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0537&#31;reute
+r f BC-chrysler-canada-sales   03-04 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> CANADA FEBRUARY CAR SALES FALL</TITLE>
+<DATELINE>    WINDSOR, Ontario, March 4 - </DATELINE><BODY>Chrysler Canada Ltd, wholly
+owned by Chrysler Corp, said February car sales fell to 9,640
+units from year-earlier 11,967 units.
+    Chrysler Canada said year-to-date car sales fell to 18,094
+units from 22,073 units in the same period last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18155" NEWID="1737">
+<DATE> 4-MAR-1987 15:13:16.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0539&#31;reute
+d f BC-TEXAS-INSTRUMENTS-&lt;TX   03-04 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INSTRUMENTS &lt;TXN> EXECUTIVE TO RETIRE</TITLE>
+<DATELINE>    DALLAS, March 4 - </DATELINE><BODY>Texas Instruments Incorp said its
+executive vice president Grant Dove will take an early
+retirement effective July.
+    The company said Dove will become chairman and chief
+executive officer of &lt;Microelectronics and Computer Technology
+Corp> of Austin. He will have worked 28 years with Texas
+Instruments, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18156" NEWID="1738">
+<DATE> 4-MAR-1987 15:13:58.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0543&#31;reute
+u f BC-GZB-INCREASES-BOND-IS   03-04 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GZB INCREASES BOND ISSUE TO 1.8 BILLION SCHILLINGS</TITLE>
+<DATELINE>    VIENNA, March 4 - </DATELINE><BODY>Genossenschaftliche Zentralbank AG &lt;GZB>
+said that it had increased its three-part bond issue to 1.8
+billion schillings from the 1.5 billion orginally planned.
+    GZB said in a statement that the amount being issued
+between today and March 6 had been raised due to heavy demand.
+    A 12-year tranche caries seven pct interest with an issue
+price of 100.75 while an eight-year part, issued at 100.5,
+carries a 6.75 pct. The third, 20-year tranche offers 6.5 pct
+interest in the first year, but afterwards interest will be
+fixed annually at the average of secondary market rates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18157" NEWID="1739">
+<DATE> 4-MAR-1987 15:14:05.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0544&#31;reute
+r f BC-CTS-&lt;CTS>-AND-DYNAMIC   03-04 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CTS &lt;CTS> AND DYNAMICS &lt;DYA> REACH ACCORD</TITLE>
+<DATELINE>    ELKHART, IND., March 4 - </DATELINE><BODY>CTS Corp and Dynamics Corp of
+America reached an agreement resolving all outstanding
+differences between them, according to a joint statment.
+    As a result of the settlement, a special committee of the
+board of directors of CTS stopped soliciting offers to buy all
+or part of the company, it said.
+    CTS and DCA also agreed to dismiss all pending litigation
+between the two companies except for one appeal pending before
+the U.S. Supreme Court relating to the Indiana Control Share
+Chapter, it said.
+    Under the agreement, the CTS board will immediately be
+reduced to seven from eight with four current directors and
+three representatives of DCA being elected to the board, it
+said. This board will be presented as the slate for CTS' 1987
+annual shareholders meeting, it added.
+    CTS' directors will recommend to shareholders that they
+approve reimbursement to DCA of about 2.2 mln dlrs in expenses
+relating to CTS, and grant DCA an option to buy up to 35 pct of
+CTS' shares, it said.
+    In addition, DCA said it agreed to limit its ownership in
+CTS for the year following the 1987 annual meeting to not more
+than 35 pct of the outstanding stock. DCA currently holds 27.5
+pct of the outstanding shares of CTS.
+    Both companies said they support the agreement and believe
+it to be fair to both sides.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18158" NEWID="1740">
+<DATE> 4-MAR-1987 15:14:59.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0545&#31;reute
+r f BC-MEASUREX-&lt;MX>-SELLS-S   03-04 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEASUREX &lt;MX> SELLS SOUTH AFRICAN UNIT</TITLE>
+<DATELINE>    CUPERTINO, Calif., March 4 - </DATELINE><BODY>Measurex Corp said it
+completed the sale of its Measurex (South Africa Pty)
+subsidiary to a group of employees who manage the operation.
+    Measurex, a maker of computer integrated manufacturing
+systems, said the subsidiary represented less than one pct of
+worldwide revenues and the sale will have no impact on this
+year's earnings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18159" NEWID="1741">
+<DATE> 4-MAR-1987 15:18:43.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0559&#31;reute
+u f BC-JEFFERIES-MAKING-MARK   03-04 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES MAKING MARKET IN USAIR &lt;U></TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Jefferies and Co said it is making a
+market in the stock of USAir Group Inc at 48-1/2 to 50.
+    USAir received an offer from Trans world airlines to buy
+the airline at 52 dlrs cash per share.
+    USAir was halted on the New York Stock EXcahnge for
+dissemination of the news. It was indicated at 47 to 54.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18160" NEWID="1742">
+<DATE> 4-MAR-1987 15:19:45.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0567&#31;reute
+r f BC-FEDERAL-EXPRESS-&lt;FDX>   03-04 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL EXPRESS &lt;FDX> PURSUES OVERSEAS ROUTE</TITLE>
+<DATELINE>    MEMPHIS, March 4 - </DATELINE><BODY>Federal Express Corp said it received a
+recommendation from an administrative law judge that it be
+awarded the exclusive air express route between the U.S. and
+Japan.
+    Federal Express said the recommendation now must be
+approved by the Secretary of Transporation Elizabeth Dole and
+President Reagan.
+    Federal Express said it received late last year preliminary
+approval by a panel over a consortium of United Parcel Service
+and DHL, and other air express competitors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18161" NEWID="1743">
+<DATE> 4-MAR-1987 15:20:03.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0569&#31;reute
+r f BC-AMERICAN-HONDA-MOTOR   03-04 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN HONDA MOTOR CO FEBRUARY SALES RISE</TITLE>
+<DATELINE>    GARDENA, Calif., March 4 - </DATELINE><BODY>Honda Motor Co Ltd of Japan's
+American Honda Motor Co Inc unit said its February sales rose
+to 56,704 from 48,443 a year ago.
+    The sales figures include sales of 7,056 cars from its new
+Acura division, which was not in place a year ago. Year to date
+sales totaled 102,751 at the end of February, up from 98,724. 
+This included sales of 12,723 from the Acura division.
+    In the company's Honda division, sales of the Accord model
+led the monthly and year-to-date totals, followed by Civic
+sales, then Prelude sales. In the Acura division, Intera sales
+outpaced Legend sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18162" NEWID="1744">
+<DATE> 4-MAR-1987 15:20:11.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0570&#31;reute
+h f BC-KLM-LOWERS-TRANSATLAN   03-04 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLM LOWERS TRANSATLANTIC FARES</TITLE>
+<DATELINE>    AMSTERDAM, March 4 - </DATELINE><BODY>KLM Royal Dutch Airlines &lt;KLM.AS>, in
+a move following similar steps recently by U.S. carrier TWA,
+said it is cutting its fares on transatlantic flights from
+April 1.
+    From April 1, a return fare Amsterdam-New York will be cut
+by eight per cent to 1,099 guilders for the low season until
+mid-June, when seasonal increases will come into effect.
+    KLM recently rejected invitations by TWA to coordinate
+price cuts on the Amsterdam route and a spokesman said KLM had
+only moved now to start up a nationwide promotional campaign in
+the Netherlands to boost travel to the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18163" NEWID="1745">
+<DATE> 4-MAR-1987 15:22:01.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0573&#31;reute
+r f BC-ANHEUSER-BUSCH-&lt;BUD>   03-04 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANHEUSER-BUSCH &lt;BUD> TO BUILD PLANT</TITLE>
+<DATELINE>    ST. LOUIS, March 4 - </DATELINE><BODY>Anheuser-Busch Cos' Metal Container
+Corp said it plans to build a beverage can manufacturing plant
+at Chester, N.Y.
+    The facility is expected to become operational in late
+1988.
+    Metal Container operates six can and lid plants in the
+U.S., and plans to build three more, including the Chester
+facility. Facilities are under construction at Windsor, Colo.,
+and Riverside, Calif.
+    The Anheuser-Busch unit said it expects to produce six
+billion cans and eight billion lids in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18164" NEWID="1746">
+<DATE> 4-MAR-1987 15:23:45.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0578&#31;reute
+u f AM-REAGAN (SCHEDULED)  03-04 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN IRAN SPEECH SAID TO ADMIT NEED FOR CHANGE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>President Reagan, fighting to recover
+politically from the Iran-contra scandal, plans to acknowledge
+in a critical speech to the nation tonight he needs to change
+his ways, administration officials said.
+    "It will be a forward-looking speech in which he will say he
+accepts the need for change," said an official who asked not to
+be identified. "I think the president wants to give his side of
+the story."
+    The official said Reagan would tell the public what he is
+doing to set things right in the wake of last week's scorching
+Tower commission report on the origins of the scandal.
+    It is not clear whether Reagan will heed the advice of many
+of his political allies and acknowledge that his Iran policy
+was wrong and he personally made some mistakes.
+    Asked at his daily news briefing if the president would say
+he erred, White House spokesman Marlin Fitzwater told
+reporters, "His views are intensely personal and I won't give
+you any advance on what he intends to say in that area."
+    He said the speech would be 12 or 13 minutes in length and
+that Reagan would "look beyond the horizon to a revitalized
+White House that will pursue an active foreign policy."
+    "The president will discuss the Tower board report and its
+recommendations. He'll focus on changes he's making in the
+structure of the NSC (National Security Council) and his goals
+for the next two years," the spokesman said.
+    To date, Reagan has defended his decision to sell arms to
+Iran and conceded only there were errors in implementation.
+    Senate Republican leader Robert Dole said tonight's speech
+might be Reagan's last chance to repair his presidency.
+    "It's about the ninth inning ... he has to try and set us on
+another course. It's hard to do that, he probably won't be able
+to do it," Dole told reporters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18165" NEWID="1747">
+<DATE> 4-MAR-1987 15:24:20.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0579&#31;reute
+u f BC-TRANS-LUX-&lt;TLX>-SETS   03-04 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANS-LUX &lt;TLX> SETS FIVE PCT STOCK DIVIDEND</TITLE>
+<DATELINE>    NORWALK, Conn., March 4 - </DATELINE><BODY>Trans-Lux Corp said its board
+declared a five pct stock dividend payable April nine to
+holders of record March 20.
+    The company said directors also declared regular quarterly
+dividends on presently outstanding shares of both classes of
+common, payable April nine to holders of record March 16.
+    It said an unchanged dividend of two cts will be paid on
+the common and 1.8 cts on the Class B stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18166" NEWID="1748">
+<DATE> 4-MAR-1987 15:25:23.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0583&#31;reute
+r f BC-lacana-names-new-ceo   03-04 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LACANA &lt;LCNAF> NAMES NEW CEO AND PRESIDENT</TITLE>
+<DATELINE>    TORONTO, March 4 - </DATELINE><BODY>&lt;Lacana Mining Corp> said Gil L.
+Leathley was appointed president and chief executive, replacing
+William Gross who retired.
+    The company said Gross will continue as a director and
+executive committee member.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18167" NEWID="1749">
+<DATE> 4-MAR-1987 15:26:18.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0586&#31;reute
+r f BC-NOLAND-CO-&lt;NOLD>-NAME   03-04 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOLAND CO &lt;NOLD> NAMES NEW CHIEF EXECUTIVE</TITLE>
+<DATELINE>    NEWPORT NEWS, Va., March 4 - </DATELINE><BODY>Noland Co said effective April
+23, when Lloyd U. Noland Jr. turns 70 and retires as previously
+announced as chairman and president, Lloyd U. Noland
+III will become chairman and chief executive officer and Carl
+Watson president and chief operating officer.
+    The company said Noland III, 43, is vice president, manager
+of merchandising for plumbing and heating products. Watson, 64,
+is executive vice president, marketing.
+    It said Noland Jr. will also leave the board on April 23,
+along with S.Q. Groover a retired Noland executive serving as a
+consultant on real estate and facilities matters.
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18168" NEWID="1750">
+<DATE>  4-MAR-1987 15:30:38.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0605&#31;reute
+r f BC-XEROX-CREDIT-&lt;XRX>-NO   03-04 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XEROX CREDIT &lt;XRX> NOTES YIELD 8.061 PCT</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>A 100 mln dlr offering of Xerox Credit
+Corp 12-year notes was given an eight pct coupon and priced at
+99.534 to yield 8.061 pct, Salomon Brothers Inc said as lead
+manager.
+    The securities of the Xerox Corp unit are not callable for
+seven years. The yield reflected a premium of 91 basis points
+over that of comparable U.S. Treasury issues.
+    Moody's Investors Service Inc rates the notes at A-2,
+compared with A-plus from Standard and Poor's Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18169" NEWID="1751">
+<DATE> 4-MAR-1987 15:31:24.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0608&#31;reute
+d f BC-KANEB-ENERGY-PARTNERS   03-04 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANEB ENERGY PARTNERS LTD &lt;KEP> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 4 -
+    </DATELINE><BODY>Shr loss one cent
+    Net loss 186,000
+    Revs 10.7 mln
+    11 mths
+    Shr loss 7.26 dlrs
+    Net loss 121.4 mln
+    Revs 46.9 mln
+    NOTE: In February 1986, Kaneb Services Inc contributed all
+of its domestic oil and gas operations to Kaneb Partners, which
+was newly formed, and exchanged approximately 3,200,000
+depositary units respresenting limited partnership interests in
+KEP for approximately 6,400,000 million shares of the
+outstanding common stock of Kaneb Servies Inc. Kaneb now owns
+approximately 82 pct of KEP.
+    During the 11 mths of operation, the partnership wrote down
+the carrying value of its oil and gas properties by 124.8 mln
+dlrs. The write downs reduced income by 7.46 dlrs per limited
+partnership unit.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18170" NEWID="1752">
+<DATE> 4-MAR-1987 15:31:38.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0610&#31;reute
+w f BC-DALTON-COMMUNICATIONS   03-04 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DALTON COMMUNICATIONS INC &lt;DALT> 3RD QTR JAN 31</TITLE>
+<DATELINE>    NEW YORK, March 4 -
+    </DATELINE><BODY>Shr profit three cts vs loss two cts
+    net profit 157,500 vs loss 60,200
+    Revs 1.1 mln vs 1.0 mln
+    Nine months
+    Shr profit five cts vs profit six cts
+    Net profit 223,400 vs profit 260,800
+    Revs 3.2 mln vs 3.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18171" NEWID="1753">
+<DATE> 4-MAR-1987 15:32:15.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0613&#31;reute
+d f BC-GREEN-MOUNTAIN-&lt;GMP>   03-04 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREEN MOUNTAIN &lt;GMP> TO SELL POWER TO UTILITY</TITLE>
+<DATELINE>    SOUTH BURLINGTON, Vt., March 4 - </DATELINE><BODY>Green Mountain Power Corp
+said it signed an agreement to provide &lt;Bozrah Light and Power
+Co>, a private utility based in Gilman, Conn., with all its
+electric power requirements.
+    Under the agreement, which runs through 1996, Green
+Mountain said it will sell the utility roughly 30,000
+megawatt-hours, generating about 1.5 mln dlrs in revenues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18172" NEWID="1754">
+<DATE> 4-MAR-1987 15:32:40.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0616&#31;reute
+u f BC-FNMA-CLARIFIES-CURREN   03-04 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FNMA CLARIFIES CURRENT DEBT OFFERING STATUS</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The Federal National Mortgage
+Association said it wanted to clarify the status of yesterday's
+offering of one billion dlrs of debentures, due March 10, 1992.
+    It said the offering was a new issue and not a reopening as
+stated yesterday. FNMA had said the offering was a reopening of
+a 1972 20-year issue.
+    The debtentures will settle on March 10, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18173" NEWID="1755">
+<DATE> 4-MAR-1987 15:33:42.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0622&#31;reute
+d f BC-VENTURE-FUNDING-CORP   03-04 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENTURE FUNDING CORP EXTENDS WARRANT PERIOD</TITLE>
+<DATELINE>    SAN RAFAEL, Calif., March 4 - </DATELINE><BODY>&lt;Venture Funding Corp> said
+it has extended the exercise period on its outstanding class A
+and B warrants until April 15, 1988.
+    The original exercise date was April 15, 1987.
+    The company also said it has executed a non-binding letter
+of intent to acquire three affiliated California corporations
+that own and operate Mexican food restaurants.
+    It said it has placed "stop transfer" orders to prevent
+exercise of the warrants until adequate information is made
+available about the proposed business combination and the
+businesses to be acquired.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18174" NEWID="1756">
+<DATE> 4-MAR-1987 15:34:13.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0625&#31;reute
+r f BC-DUFF/PHELPS-LOWERS-PU   03-04 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS LOWERS PUBLIC SERVICE ELECTRIC &lt;PEG></TITLE>
+<DATELINE>    CHICAGO, March 4 - </DATELINE><BODY>Duff and Phelps lowered the ratings
+assigned to Public Service Electric and Gas Company's fixed
+income securities valued at a total of 3.44 billion dlrs.
+    The company's 2.61 billion dlrs in first mortgage bonds
+were downgraded to DP-4 (low AA) from DP-3 (middle AA). The
+ratings on its debentures and preferred stock valued at 213 mln
+and 619 mln dlrs, respectively, were lowered to DP-5 (high A)
+from DP-4.
+    Duff and Phelps said the utility's debt ratings were
+lowered because of the recent negative rate order for its Hope
+Creel nuclear plants.
+    "This order included highly stringent performance standards
+for the company's five nuclear plants," the ratings agency
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18175" NEWID="1757">
+<DATE> 4-MAR-1987 15:34:23.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0627&#31;reute
+d f BC-ADVANCED-GENETIC-SCIE   03-04 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED GENETIC SCIENCES &lt;AGSI> NAMES DIRECTOR</TITLE>
+<DATELINE>    OAKLAND, March 4 - </DATELINE><BODY>Advanced Genetic Sciences Inc said Debra
+Coyman was named director of business development of the
+company. The company said Coyman was previously director of
+product development of Agrigenetics Research Corp in Boulder,
+Colo.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18176" NEWID="1758">
+<DATE> 4-MAR-1987 15:35:42.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0630&#31;reute
+r f BC-(CORRECTION)---SHAW'S   03-04 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+(CORRECTION) - SHAW'S SUPERMARKETS EARNINGS
+    In item headlined "SHAW'S SUPERMARKETS INC &lt;SHAW> YEAR JAN
+3" please read per share earnings 1.33 drs vs 1.23 dlrs,
+correcting order of results.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18177" NEWID="1759">
+<DATE> 4-MAR-1987 15:36:12.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0631&#31;reute
+r f BC-WTD-INDUSTRIES-INC-&lt;W   03-04 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WTD INDUSTRIES INC &lt;WTDI> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    PORTLAND, Ore., March 4 -
+    </DATELINE><BODY>Shr profit 13 cts vs loss one ct
+    Net profit 853,000 vs loss 22,000
+    Sales 41.1 mln vs 20.3 mln
+    Avg shrs 6,349,753 vs 4,403,852
+    Nine Mths
+    Shr profit 57 cts vs profit 28 cts
+    Net profit 2,869,000 vs profit 1,252,000
+    Sales 119.0 mln vs 67.6 mln
+    Avg shrs 5,054,844 vs 4,403,852
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18178" NEWID="1760">
+<DATE> 4-MAR-1987 15:36:52.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0633&#31;reute
+d f BC-HEALTHVEST-&lt;HVT>-SELL   03-04 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHVEST &lt;HVT> SELLS SHARES</TITLE>
+<DATELINE>    AUSTIN, Texas, March 4 - </DATELINE><BODY>Healthvest, a Maryland real estate
+investment trust, said it began selling five mln shares of
+common stock at 21 dlrs a share.
+    The company said it is also selling 543,237 shares to
+Healthcare International Inc &lt;HII>, giving the company a 9.8
+pct stake in Healthvest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18179" NEWID="1761">
+<DATE> 4-MAR-1987 15:37:10.28</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0634&#31;reute
+b f BC-CACEX-DENIES-FCOJ-PRI   03-04 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CACEX DENIES BRAZIL FCOJ PRICE RISE RUMOURS</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 4 - </DATELINE><BODY>There has been no rise in the
+price of Frozen Concentrated Orange Juice, FCOJ, a spokesman
+for the Banco do Brasil's Foreign Trade Department, Cacex,
+said.
+    He was responding to rumours in the international market
+that Brazil had raised its FCOJ prices in range of 1,075 to
+1,150 dlrs per tonne.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18180" NEWID="1762">
+<DATE> 4-MAR-1987 15:37:43.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0636&#31;reute
+d f BC-EPITOPE-&lt;EPTO>-TO-MAR   03-04 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EPITOPE &lt;EPTO> TO MARKET AIDS TEST</TITLE>
+<DATELINE>    BEAVERTON, Ore., March 4 - </DATELINE><BODY>Epitope Inc said it has
+developed a Western Blot AIDS test and it will begin worldwide
+marketing efforts immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18181" NEWID="1763">
+<DATE> 4-MAR-1987 15:41:12.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0639&#31;reute
+s f BC-E-SYSTEMS-&lt;ESY>-SETS   03-04 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E-SYSTEMS &lt;ESY> SETS QTRLY PAYOUT</TITLE>
+<DATELINE>    DALLAS, March 4 -
+    </DATELINE><BODY>Qtrly div 12.5 cts vs 12.5 cts prior
+    Pay April 1
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18182" NEWID="1764">
+<DATE> 4-MAR-1987 15:41:37.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0641&#31;reute
+r f BC-PIEDMONT-MANAGEMENT-C   03-04 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT MANAGEMENT CO INC &lt;PMAN> 4TH QTR</TITLE>
+<DATELINE>    NEW YORK, March 4 -
+    </DATELINE><BODY>Shr 70 cts vs 4.91 dlrs
+    Net 3.7 mln vs 26.3 mln
+    Year
+    Shr 1.99 dlrs vs 3.35 dlrs
+    Net 10.7 mln vs 18.0 mln
+    NOTE:1986 year, 4th qtr include capital gains of 3.5 mln
+dlrs and 1.1 mln dlrs, respectively and extraordinary gain of
+3.4 mln dlrs and 1.2 mln dlrs respectively. 1985 year and 4th
+qtr include capital gains of 24.0 mln dlrs and 23.3 mln dlrs
+respectively and extraordinary gain of 3.9 mln dlrs.
+        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18183" NEWID="1765">
+<DATE> 4-MAR-1987 15:42:13.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0644&#31;reute
+d f BC-EASTPARK-REALTY-TRUST   03-04 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTPARK REALTY TRUST &lt;ERT> 4TH QTR NET</TITLE>
+<DATELINE>    JACKSON, Miss., March 4 -
+    </DATELINE><BODY>Shr 1.52 dlrs vs 17 cts
+    Net 1,306,000 vs 144,000
+    Rev 758,000 vs 670,000
+    Year
+    Shr 2.68 dlrs vs 2.63 dlrs
+    Net 2,313,000 vs 2,285,000
+    Rev 2.8 mln vs 2.7 mln
+    NOTE: Fourth qtr and 1986 had gains on real estate
+investments of 933,000 dlrs, or 1.08 a share, and 970,000 dlrs,
+or 1.12 a share, respectively.
+    This compares with a loss of 137,000 dlrs, or 15 cts a
+share, and again of 1.3 mln dlrs, or 1.45 a share, for the
+fourth qtr and year respectively in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18184" NEWID="1766">
+<DATE> 4-MAR-1987 15:42:19.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0645&#31;reute
+d f BC-IRVINE-SENSORS-&lt;IRSN>   03-04 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRVINE SENSORS &lt;IRSN> COMPLETES UNIT OFFERING</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 4 - </DATELINE><BODY>Irvine Sensors Corp said it
+completed a public offering of 1.25 mln units, consisting of
+two shares of common stock and one warrant to purchase an
+additional share.
+    The units were sold at a price of 1.60 dlrs each, Irvine
+Sensors said, adding, the units will trade under the NASDAQ
+symbol "IRSNU" and the new warrants under the symbol "IRSNW."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18185" NEWID="1767">
+<DATE> 4-MAR-1987 15:42:25.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0646&#31;reute
+s f BC-NL-INDUSTRIES-INC-&lt;NL   03-04 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NL INDUSTRIES INC &lt;NL> SETS QTRLY PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 4 -
+    </DATELINE><BODY>Qtrly div five cts vs five cts qtr
+    Pay April One
+    Record  March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18186" NEWID="1768">
+<DATE> 4-MAR-1987 15:43:29.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0649&#31;reute
+r f BC-WTD-INDUSTRIES-INC-&lt;W   03-04 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WTD INDUSTRIES INC &lt;WTDI> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    PORTLAND, Ore., March 4 - 
+    </DATELINE><BODY>Shr profit 13 cts vs loss one ct
+    Net profit 853,000 vs loss 22,000
+    Revs 41.1 mln vs 20.3 mln
+    Avg shrs 6,349,753 vs 4,403,852
+    Nine mths
+    Shr profit 57 cts vs profit 28 cts
+    Net profit 2,869,000 vs profit 1,252,000
+    Revs 119.0 mln vs 67.6 mln
+    Avg shrs 5,054,844 vs 4,403,000
+    Note: Company went public in October 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18187" NEWID="1769">
+<DATE> 4-MAR-1987 15:43:40.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0650&#31;reute
+s f BC-ALASKA-AIR-GROUP-INC   03-04 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALASKA AIR GROUP INC &lt;ALK> QTLY DIVIDEND</TITLE>
+<DATELINE>    SEATTLE, March 4 -
+    </DATELINE><BODY>Shr four cts vs four cts prior qtr
+    Pay May five
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18188" NEWID="1770">
+<DATE> 4-MAR-1987 15:44:38.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0651&#31;reute
+d f BC-FORMER-BANK-CHAIRMAN   03-04 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER BANK CHAIRMAN ADMITS ACCEPTING BRIBES</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>The former chairman of Peoples National
+Bank of Rockland County, N.Y., pleaded guilty to charges of
+bribery and income tax evasion.
+    Leonard Slutsky, 41, faces up to five years in prison on
+each of two counts of bank bribery and tax evasion. He could
+also be fined up to 745,000 dlrs.
+    In his guilty plea before Judge Charles Brieant of the
+White Plains, N.Y. branch of U.S. District Court, Slutsky
+admitted accepting payments from a tax shelter promoter.
+Peoples had lent money to investors in the tax shelter. The
+bank was declared insolvent in September, 1984.
+    Another former official of the bank, Samuel Yonnone, 37,
+pled guilty today to conspiring to accept money from a broker
+to make false entries in the bank's books. Yonnone, who was
+senior vice president of the bank, faces five years in jail and
+a 250,000 dlr fine.
+    The 41-year-old Slutksy admitted accepting 165,000 dlrs in
+bribes.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18189" NEWID="1771">
+<DATE> 4-MAR-1987 15:46:21.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0655&#31;reute
+u f BC-USAIR-&lt;U>-HAS-NO-COMM   03-04 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> HAS NO COMMENT ON TWA &lt;TWA> OFFER</TITLE>
+<DATELINE>    New York, March 4 - </DATELINE><BODY>USAir Group Inc said it had no comment
+on an offer it received from Trans World Airlines to buy USAir
+for 52 dlrs cash per share.
+    USAir spokesman David Shipley also declined comment on
+Piedmont Aviation Inc &lt;PIE>. USAir has offered 71 dlrs cash per
+share for half of Piedmont's stock, and 73 dlrs in its own
+stock for the balance.
+    Piedmont also received an offer from Norfolk Southern Corp
+&lt;NSC> of 65 dlrs cash per share. Piedmont's board was meeting
+today, but the company declined to say what was on the agenda.
+A spokesman said he could not comment on the twa action.
+    A Norfolk Southern Corp &lt;NSC> spokesman said the company
+had no comment on TWA's offer for USAir or on its proposal to
+negotiate a three-way merger between TWA, USAir and Piedmont.
+    "We don't have all the details," a Norfolk Southern
+spokesman said. The company's 65 dlr-a-share cash offer for
+Piedmont stands, he said.
+    In its offer, TWA said as an alternative to a merger with
+USAir, it would be interested in discussing a three-way
+combination among USAir, Piedmont and TWA. It said the
+three-way merger would serve the best interests of the
+shareholders of all three companies, employees and consumers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18190" NEWID="1772">
+<DATE> 4-MAR-1987 15:48:31.88</DATE>
+<TOPICS><D>livestock</D><D>carcass</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>south-korea</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0663&#31;reute
+u f BC-MORE-PRESSURE-URGED-F   03-04 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE PRESSURE URGED FOR ASIA TO TAKE U.S. BEEF</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Congressmen from beef producing
+states and representatives of the U.S. livestock industry 
+urged the Reagan administration to press Japan and South Korea
+to open up their markets to imports of beef.
+    Testifying at a House subcommittee hearing on livestock
+issues, Rep. Hal Daub (R-Nebr.), said the administration should
+push hard for greater beef imports by Japan and South Korea.
+Daub was joined by several other lawmakers.
+    U.S. assistant trade representative Suzanne Earley, replied
+"we're not going to let Japan off the hook, or Korea." She
+noted trade representative Clayton Yeutter met with a senior
+Korean official last week on the beef issue, and that Yeutter
+and Agriculture Secretary Richard Lyng will visit Tokyo in
+April for discussions on farm trade issues.
+    Japan maintains a quota on beef imports, set at 58,400
+tonnes high quality beef in fiscal 1987. South Korea has banned
+beef imports but there are indications Seoul may bow to U.S.
+pressure and allow some imports soon, industry officials said.
+    In testimony today, Tom Cook, director of industry affairs
+for the National Cattlemens Association said "the Congress,
+administration and the industry must take a strong, tough and
+united stand to impress the Japanese that we mean business and
+that we expect them to open their markets."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18191" NEWID="1773">
+<DATE> 4-MAR-1987 15:48:53.83</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE><D>de-kock</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0665&#31;reute
+u f BC-SOUTH-AFRICAN-FOREIGN   03-04 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICAN FOREIGN RESERVES UP SHARPLY IN FEB</TITLE>
+<DATELINE>    JOHANNESBURG, March 4 - </DATELINE><BODY>South Africa's total gold and
+foreign assets rose by 700 mln rand in February to 6.2 billion
+rand after rising by almost one billion rand in January,
+Reserve Bank Governor Gerhard de Kock said.
+    De Kock, interviewed on state-run television, gave no
+breakdown of the reserves.
+    He also said that to curb inflation, salary increases would
+have to be below the inflation rate. The state must set an
+example by keeping wage increases below the inflation rate, he
+said.
+    Consumer prices rose by 16.1 pct in the year to January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18192" NEWID="1774">
+<DATE> 4-MAR-1987 15:49:08.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0667&#31;reute
+u f AM-REAGAN-STAFF   03-04 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN CHANGES WHITE HOUSE LAWYERS</TITLE>
+<DATELINE>   WASHINGTON, March 4 - </DATELINE><BODY>President Reagan formally accepted the
+resignation of White House counsel Peter Wallison and named
+Arthur Culvahouse, an associate of new White House chief Howard
+Baker, to replace him.
+    Wallison, who has handled White House legal affairs for the
+past year, was closely identified with former chief of staff
+Donald Regan and his departure had been expected.
+    His resignation, which Reagan accepted "with deep regret," is
+effective on March 20.
+    Culvahouse, a 38-year old Tennessee native who currently
+practices law in Washington, was Baker's legislative assistant
+when the new chief of staff was Senate Republican leader.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18193" NEWID="1775">
+<DATE> 4-MAR-1987 15:49:21.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0669&#31;reute
+d f BC-E.F.-HUTTON-GROUP-INC   03-04 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.F. HUTTON GROUP INC &lt;EFH> NAMES EXECUTIVE</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>E.F. Hutton Group Inc said it named
+Jerry Welsh to the newly-created post of senior executive vice
+president for marketing and strategic development.
+    The company said Welsh was previously executive vice
+president of worldwide marketing and communications for
+American Express'&lt;AXP> Travel Related Services Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18194" NEWID="1776">
+<DATE> 4-MAR-1987 15:51:24.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0671&#31;reute
+u f BC-U.S.-DAIRY-PRICE-SUPP   03-04 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DAIRY PRICE SUPPORT CUT SEEN LIKELY IN 1988</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The chairman of the U.S. House
+subcommittee on dairy, livestock and poultry issues, Rep.
+Charles Stenholm (D-Tex.), said it is likely the U.S. dairy
+support price will be cut next year.
+    "It looks like the price cut may take place," Stenholm said
+at a hearing today on dairy issues.
+    Under the 1985 farm bill, the Agriculture Secretary can
+lower the U.S. milk price support to 10.60 dlrs per cwt from
+the current 11.35 dlrs if government purchases of dairy
+products are forecast to exceed five billion lbs in 1988.
+    The U.S. Agriculture Department forecasts government
+purchases of dairy products will total six to seven billion lbs
+in fiscal 1987, but says the level of purchases beyond 1987
+will depend on the production decisions of dairy farmers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18195" NEWID="1777">
+<DATE> 4-MAR-1987 15:51:44.42</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0672&#31;reute
+u f BC-/MORE-SOVIET-GRAIN-BU   03-04 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE SOVIET GRAIN BUYING FROM U.S. TIED TO PRICE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Whether the Soviet Union will fulfill
+its buying obligations under the U.S./USSR grains agreement
+depends entirely on the United States, a Soviet trade official
+told Reuters.
+    "How can I tell that we are ready to fulfill the agreement
+if the United States does not want to offer us grain at
+competitive prices?" said Albert Melnikov, deputy trade
+representative of the Soviet Union to the United States.
+    "We are in the market for grains, but it is up to the
+United States to be the seller ... to offer Soviets competitive
+prices," he said in an interview.
+    Melnikov said that the United States has not lived up the
+agreement by failing to make available to Moscow U.S. grain at
+prevailing market prices.
+    "We are being accused of not implementing this agreement.
+We do not consider we are at fault," Melnikov said.
+    Article I in the agreement states that "purchases/sales of
+commodities under this Agreement will be made at the market
+price prevailing for these products at the time of
+purchase/sale and in accordance with normal commercial terms."
+    "The United States should supply to the Soviet Union
+definite quantities of grain at competitive prices ... Is the
+United States ready to supply this?" he said.
+    The Soviet official said that near-term corn demand has
+been met by the recent Soviet purchases of U.S. corn, which he
+confirmed at 1.5 mln tonnes, but said that if U.S. corn prices
+remain competitive, the Soviets will buy more if they need it.
+    Wheat buying, however, is a different story, Melnikov said.
+    "If the United States is interested in selling its wheat,
+then they must offer competitive prices, and it's up to the
+United States to decide how these competitive prices will be
+offered," he said.
+    Last year's U.S. offer of subsidized wheat to the Soviets
+was rejected because of an insufficient subsidy, Melnikov said.
+He said that at the time of the 13 dlr per tonne subsidy offer,
+U.S. wheat prices were 26 dlrs over world levels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18196" NEWID="1778">
+<DATE> 4-MAR-1987 15:52:00.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0673&#31;reute
+h f BC-COMPUTER-IDENTICS-&lt;CI   03-04 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER IDENTICS &lt;CIDN> NAMES CHIEF EXECUTIVE</TITLE>
+<DATELINE>    CANTON, Mass, March 4 - </DATELINE><BODY>Computer Identics Corp said its
+board elected Frank Wezniak to the new position of chief
+executive officer and as director and president, succeeding
+David Collins.
+    Collins, also founder of the company, said he resigned
+because the company has progressed beyond the entrepreneurial
+stage and requires the management experience that Weznkiak
+possesses.
+    Wezniak has been active in several early stage venture
+capital investments and serves on a number of high tech
+corporation boards.
+    The board alkso accepted a plan to issue subordinated
+demand notes for 600,000 dlrs to one mln dlrs to an investor
+group including Wezniak.
+    The board also voted to expand to seven the number of
+directors and ofer a new board seat to a group of investors
+represented by N.V. Bekaert S.A.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18197" NEWID="1779">
+<DATE> 4-MAR-1987 15:52:36.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0677&#31;reute
+r f BC-VIRGINIA-HOUSING-AGEN   03-04 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIRGINIA HOUSING AGENCY CMO BOND ISSUE PRICED</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>A three-part, 160 mln dlr offering of
+Virginia Housing Development Authority collateralized mortgage
+obligations was priced, First Boston Corp said as a manager.
+    The package includes 84 mln dlrs of CMOs with an average
+life of 1.1 years priced to yield 6.88 pct and 23.5 mln dlrs of
+bonds with a 5.5 year average life and eight pct return.
+    Rounding out the financing is a 52.5 mln dlr tranche of
+floating rate CMOs. These offer a return at the three-month
+Libor rate plus 45 basis points.
+    Standard and Poor's rates all of the securities AAA.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18198" NEWID="1780">
+<DATE> 4-MAR-1987 15:52:38.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0678&#31;reute
+b f BC-******hartford-steam   03-04 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HARTFORD STEAM BOILER BUYS 600,000 OF ITS SHARES FROM TRAVELERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18199" NEWID="1781">
+<DATE> 4-MAR-1987 15:53:39.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0680&#31;reute
+d f BC-TRC-COS-&lt;TRCC>-UNIT-G   03-04 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRC COS &lt;TRCC> UNIT GETS EPA CONTRACT</TITLE>
+<DATELINE>    EAST HARTFORD, Conn., March 4 - </DATELINE><BODY>TRC Cos Inc said its wholly
+owned unit, Alliance Technologies Corp, received a 4.2 mln dlr
+contract from the U.S. Environmental Protection Agency to
+develop an inventory of pollutants contributing to acid
+deposition nationwide.
+    TRC said the program would be the basis for evaluating the
+relationship between emission sources and their effects on the
+environment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18200" NEWID="1782">
+<DATE> 4-MAR-1987 15:53:56.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0681&#31;reute
+h f BC-BIOSPHERICS-INC-&lt;BINC   03-04 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOSPHERICS INC &lt;BINC> QUOTES TO BE LISTED</TITLE>
+<DATELINE>    ROCKVILLE, Md., March 4 - </DATELINE><BODY>Biospherics Inc said its common
+stock quotations will appear in the NASDAQ stock table
+published in more than 100 newspapers.
+    The company said higher trading volume is expected from the
+new listing.
+    Previously, Biospherics was listed only in the regional
+securities sections in the Washington Post and Baltimore Sun.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18201" NEWID="1783">
+<DATE> 4-MAR-1987 15:54:00.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0682&#31;reute
+s f BC-LEASEWAY-TRANSPORTATI   03-04 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEASEWAY TRANSPORTATION CORP &lt;LTC> QTLY DIV</TITLE>
+<DATELINE>    CLEVELAND, March 4 - 
+    </DATELINE><BODY>Qtly div 37.5 cts vs 37.5 cts prior
+    Pay April eight
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18202" NEWID="1784">
+<DATE> 4-MAR-1987 15:54:50.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0686&#31;reute
+u f BC-JOHNSON/JOHNSON-&lt;JNJ>   03-04 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSON/JOHNSON &lt;JNJ> UP ON RECOMMENDATION</TITLE>
+<DATELINE>    NEW YORK, MARCH 4 - </DATELINE><BODY>Shares of Johnson and Johnson rose
+sharply today following a reiterated recommendation by Kidder
+Peabody analyst Arnie Snider, traders said.
+    Snider said the stock had also been placed on Kidder's
+"selected stock list."
+    The stock gained 3-1/2 points to 91.
+    The reiterated recommendation focused on a strong growth
+rate and the quality of the company's new products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18203" NEWID="1785">
+<DATE> 4-MAR-1987 15:55:15.67</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0688&#31;reute
+u f BC-PERU-SUGAR-HARVEST-SE   03-04 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU SUGAR HARVEST SEEN LOWER -- USDA</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Sugar production in Peru for the
+1986/87 season has been revised to 593,000 tonnes (raw value),
+down 10 pct from the previous forecast and 21 pct below the
+1985/86 harvest, the U.S. Agriculture Department said in its
+World Production and Trade Report.
+    It said while rains in the northern mountain region are
+improving the supply of irrigation water, the major benefits
+will not occur until the 1987/88 season.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18204" NEWID="1786">
+<DATE> 4-MAR-1987 15:56:31.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0692&#31;reute
+r f BC-LEGISLATORS-COOL-TO-N   03-04 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEGISLATORS COOL TO NEW STOCK TAX IDEA</TITLE>
+<AUTHOR>    By Jacqueline Frank, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Key tax and budget lawmakers
+Wednesday expressed reservations about the suggested new
+securities tax, which has has aroused concern on Wall Street
+and put pressure on brokerage stocks.
+    Grappling with the need to either raise taxes or cut
+federal spending to meet the fiscal 1988 budget deficit target
+of 108 billion dlrs, House Speaker Jim Wright suggested the tax
+be studied as one way to raise more federal revenues.
+    The Texas Democrat's idea as first presented to House Ways
+and Means Committee chairman Dan Rostenkowski this week would
+tax sales and purchases of securities. A tax of 0.25 to 0.5
+percent would raise from 8.5 to 17 billion dlrs a year.
+    Rostenkowski, the chief taxwriter, considers it too early
+to back any tax increase idea but agreed to add the securities
+transfer tax to a long list of tax alternatives under review by
+congressional tax analysts, a spokesman said.
+    The Illinois Democrat has repeatedly stressed this year he
+is reluctant to back a tax increase so long as President Reagan
+maintains his staunch opposition.
+    "First we've got to decide whether to raise additional
+revenues. Only then can we consider the specific options. At
+this point nothing is on or off the table. It's just too early,"
+Rostenkowski said in a statement.
+    He made no commitment to Wright in a private meeting
+Tuesday, and in fact was not asked for one, a House source
+said. The idea was presented only as something that might or
+might not be valuable, he said.
+    House Budget Committee chairman William Gray agreed it was
+another option to be looked at, if Congress decided it needed
+to raise revenues to reduce the deficit, an aide said.
+   The Pennsylvania Democrat does not intend to recommend
+specific tax proposals, the aide said. The Budget Committee
+will recommend a certain amount of revenue to be raised in
+1988, but will leave to the taxwriting committee the decision
+on how the taxes will be raised.
+    The securities transfer tax would raise a hefty amount of
+revenue to ease Congress's difficult task of trimming the
+deficit by 61 billion dlrs this year to meet the target.
+    But some in Congress feared that such a tax could drive
+securities business offshore and hurt U.S. investment, and
+there were uncertainties about the details of the tax.
+    Democrats have not united behind any budget alternatives so
+far this year. This week they are scheduled to discuss the
+budget and possible spending cuts or tax increases but no
+decisions are anticipated, congressional sources said.
+    At the same time, without President Reagan's assent to a
+general tax increase, they are left with piecemeal taxes that
+are guaranteed to anger those who must pay.
+    "We could just do all of them," one congressional source said
+of the various tax ideas -- excise taxes, securities taxes, oil
+import fee and others.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18205" NEWID="1787">
+<DATE> 4-MAR-1987 15:57:00.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0695&#31;reute
+r f BC-ITEL-&lt;ITEL>-GETS-FINA   03-04 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITEL &lt;ITEL> GETS FINANCING FOR ANIXTER BUY</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Itel Corp said it obtained commitments
+from a syndicate of banks for a six-year secured loan of about
+325 mln dlrs and had separately filed registration statements
+for two public offerings for a total of 150 mln dlrs to fund
+its December 1986 acquisition of &lt;Anixter Bros Inc>.
+    It said one of the offerings will be a new 75 mln dlrs
+issue of convertible exchangeable series C preferred and the
+other will be a 75 mln dlr issue of seven-year senior
+subordinated notes. Both offerings will be through Merrill
+Lynch Capital Markets.
+    It said a portion of the proceeds from the offerings,
+together with the proceeds form the new bank loan, wll be used
+to repay the 395 mln dlr bridge loan Merrill Lynch and Co Inc
+&lt;MER> provided for Itel to buy Anixter.
+    Itel said the banks it obtained commitments from include
+Manufacturers Hanover Trust Co &lt;MHC>, &lt;Chemical Bank of New
+&lt;York>, and the &lt;First National Bank of Chicago>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18206" NEWID="1788">
+<DATE> 4-MAR-1987 16:03:52.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0713&#31;reute
+u f BC-HARTFORD-STEAM-BOILER   03-04 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARTFORD STEAM BOILER &lt;HBOL> TO BUY STOCK</TITLE>
+<DATELINE>    HARTFORD, Conn., March 4 - </DATELINE><BODY>The Hartford Steam Boiler
+Inspection and Insurance Co said it will purchase 600,000 of
+its own common stock from Travelers Insurance Companies &lt;TIC>.
+    Hartford said it will buy the stock at 60 dlrs per share.
+It also said the remaining 200,000 shares currently held by the
+Travelers will be retained for investment purposes.
+    The company said the purchase represents approximately six
+pct of the 10.6 mln outstanding shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18207" NEWID="1789">
+<DATE> 4-MAR-1987 16:05:03.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0716&#31;reute
+r f BC-GREAT-AMERICAN-&lt;GTA>   03-04 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT AMERICAN &lt;GTA> GAINS OVER 80 MLN IN LOANS</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Great American First Savings Bank said
+the bank recorded gains exceeding 80 mln dlrs on sales of loans
+and mortgage securities valued at 1.1 billion dlrs.
+    The San Diego-based bank said in a prepared release of its
+report to analysts here that the gains included 6.6 mln dlrs in
+arbitrage profits from the premium paid for the separation of
+interest and principal components of new Federal National
+Mortgage Association strip securities.
+    The bank said it reported a profit of more than 20 mln dlrs
+on the transaction, involving 390 mln dlrs of FNMA securities,
+including the arbitrage gain.
+    Great American recently announced plans to acquire &lt;Capital
+Savings Bank>, Olympia, Wash., and last year acquired &lt;Home
+Federal Savings and Loan Association>, Tucson, Ariz., and &lt;Los
+Angeles Federal Savings Bank>, which resulted in 66 new offices
+and three billion dlrs in assets.
+    The bank also said it plans to expand into other major
+western banking markets and is considering an acquisition in
+Colorado.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18208" NEWID="1790">
+<DATE> 4-MAR-1987 16:05:23.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0717&#31;reute
+d f BC-TANDY-BRANDS-&lt;TAB>-SE   03-04 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDY BRANDS &lt;TAB> SELLS UNIT</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 4 - </DATELINE><BODY>Tandy Brands Inc said it sold
+its Grate Home and Fireplace division to an investor group that
+includes some members of Grate's management for 1,600,000 dlrs
+in cash and secured notes.
+    The company said the sale will not materially offset the
+9,848,000 dlr non-recurring charge it took against the sale of
+the division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18209" NEWID="1791">
+<DATE> 4-MAR-1987 16:06:54.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0720&#31;reute
+d f BC-PROPOSED-OFFERINGS   03-04 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Intermark Inc &lt;IMI> - Offering of 40 mln dlrs of
+convertible subordinated debentures due 2007 through Drexel
+Burnham Lambert Inc.
+    Avery International Corp &lt;AVY> - Offering of two mln shares
+of common stock through Kidder, Peabody and Co Inc and Goldman,
+Sachs and Co.
+    Philadelphia Electric Co &lt;PE> - Shelf offering of up to 1.5
+mln shares of common stock through Drexel Burnham Lambert Inc.
+    Pennzoil Co &lt;PZ> - Offering of 100 mln dlrs of debentures
+due April 1, 2017 through Merrill Lynch Capital Markets and
+Lazard Freres and Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18210" NEWID="1792">
+<DATE> 4-MAR-1987 16:09:45.62</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0722&#31;reute
+r f BC-AMERICAN-FARM-BUREAU   03-04 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN FARM BUREAU OPPOSES FARM BILL CHANGES</TITLE>
+<DATELINE>    CHICAGO, March 4 - </DATELINE><BODY>The directors of the American Farm
+Bureau, the nation's largest farm organization, voted Tuesday
+to urge Congress to leave the 1985 farm bill in place without
+alterations.
+    "We are solidly opposed to opening up the 1985 farm bill,"
+said Dean Kleckner, president. "The current farm bill has been
+in place for just a little over a year and in our judgment
+there is more to be gained at the present time from maintaining
+the legislation.
+    "Several independent studies ... indicate the 1985 farm
+bill is better on balance than any of the alternatives being
+advanced," Kleckner said.
+    The Farm Bureau also urged Agriculture Secretary Richard
+Lyng to adjust the loan rate for 1987 crop soybeans as much as
+he deems possible under the farm bill to keep soybeans
+competitive in the world market.
+    A Farm Bureau proposal suggests that producers should be
+eligible for supplemental payments in the form of PIK
+certificates for the difference between 5.02 dlrs a bushel and
+the new loan rate.
+    The organization also urged Lyng to authorize deficiency
+payments to farmers who were unable to plant 1987 winter wheat
+because of adverse weather.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18211" NEWID="1793">
+<DATE> 4-MAR-1987 16:11:18.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0723&#31;reute
+u f BC-WHITE-HOUSE-CHIEF-HAS   03-04 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE CHIEF HAS NO SECRET TAX PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>White House chief of staff Howard
+Baker said he has no secret plan to raise taxes.
+    Talking to reporters, he pointed out that, "Ronald Reagan
+is president. I am chief of staff. His program is my program."
+I have no tax plan at all."
+    Baker's comments came in response to a question as to
+whether he planned to support higher taxes to reduce the budget
+deficit. President Reagan has said repeatedly that he opposes
+higher taxes.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18212" NEWID="1794">
+<DATE> 4-MAR-1987 16:11:26.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0724&#31;reute
+r f BC-BROWING-FERRIS-&lt;BFI>   03-04 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWING-FERRIS &lt;BFI> DECLARES 2-FOR-1 SPLIT</TITLE>
+<DATELINE>    HOUSTON, March 4 - </DATELINE><BODY>Browning-Ferris Industires Inc said its
+board declared a two-for-one stock split payable April 24 to
+holders of record March 31.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18213" NEWID="1795">
+<DATE> 4-MAR-1987 16:11:35.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0725&#31;reute
+a f BC-EG-AND-G-&lt;EGG>-UNIT-W   03-04 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EG AND G &lt;EGG> UNIT WINS GOVERNMENT CONTRACT</TITLE>
+<DATELINE>    WELLESLEY, Mass., March 4 - </DATELINE><BODY>EG and G said its EG and G
+Services unit was awarded a contract to provide facilities
+operations, maintenance and related services for the U.S.
+government's chemical decontamination training facility at Fort
+McClellan, Ala.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18214" NEWID="1796">
+<DATE> 4-MAR-1987 16:12:50.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0728&#31;reute
+r f BC-U.S.-SEMICONDUCTOR-PL   03-04 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SEMICONDUCTOR PLAN RAISES ANTITRUST ISSUE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>A plan by U.S. semiconductor firms to
+cooperate in a manufacturing facility to compete with firms in
+Japan could conflict with anti-monopoly law, the plan's backers
+said.
+    The Semiconductor Industry Association announced at a news
+conference a plan for a consortium to be known as SEMATECH to
+build an advanced semiconductor manufacturing plant.
+    Asked whether U.S. antitrust regulators might object,
+Charles Sporck, president of National Semiconductor Corp, said,
+"That is a possibility."
+    Sporck said the Defense Department had a strong interest in
+the project but he declined to estimate how much would be
+sought from the government or how much funding SEMATECH would
+require.
+    Sporck said the group hopes to have an operational plan
+ready by June 1.
+    Then it will search for a site for the manufacturing
+facility and an executive to head up the consortium.
+    The consortium could be operating by the end of the year,
+and the facility working in 18 months, he said.
+    International Business Machines Corp hopes to participate
+in the effort, Paul Low, an IBM executive, said.
+    He said the project suppliers of raw materials and others
+vital to the semiconductor industry, such as toolmakers, would
+be invited to participate.
+    Sporck said no decision was made on what product would be
+produced, stressing that the emphasis was on developing
+technology and sharing that with firms which belonged to
+SEMATECH. Other aspects were still undecided, such as whether a
+Japanese firm with a facility in the United States would be
+allowed to participate, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18215" NEWID="1797">
+<DATE> 4-MAR-1987 16:14:33.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0731&#31;reute
+s f BC-PENNWALT-CORP-&lt;PSM>-Q   03-04 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNWALT CORP &lt;PSM> QTLY DIVIDEND</TITLE>
+<DATELINE>    PHILADELPHIA, March 4 -
+    </DATELINE><BODY>Qtly div 55 cts vs 55 cts prior
+    Payable May one
+    Record April three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18216" NEWID="1798">
+<DATE> 4-MAR-1987 16:15:46.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0733&#31;reute
+r f BC-BANNER-INDUSTRIES-INC   03-04 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANNER INDUSTRIES INC &lt;BNR> COMPLETES PURCHASE</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Banner Industries Inc said it completed
+the purchase of all Rexnord Inc &lt;REX> common shares for its
+26.25 dlrs per share cash tender offer that ended Feb
+27, 1987.
+    The purchase follows Banner receiving earlier today 310 mln
+dlrs under a credit agreement with Citicorp Industries Credit
+Inc and the Bank of Nova Scotia, and an additional 260 mln dlrs
+from offerings made for Banner and its subsidiary through
+Drexel Burnham and Lambert.
+    As a result of the tender offer, Banner said it will own
+approximately 96 pct of the outstanding shares of Rexnord. The
+company said a merger of Rexnord and a subsidiary of Banner
+will be completed before mid-May.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18217" NEWID="1799">
+<DATE> 4-MAR-1987 16:16:33.14</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0737&#31;reute
+f f BC-******MURPHY-RAISES-C   03-04 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MURPHY RAISES CRUDE OIL POSTED PRICES ONE DLR/BBL. WTI TO 17.00 DLRS TODAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18218" NEWID="1800">
+<DATE> 4-MAR-1987 16:16:42.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0738&#31;reute
+r f BC-AUSTRALIA-SELLS-BONDS   03-04 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA SELLS BONDS IN TWO TRANCHES</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>The Commonwealth of Australia is
+offering in the Yankee bond market 400 mln dlrs of bonds in two
+tranches, said lead manager Morgan Stanley and Co Inc.
+    A 250 mln dlr issue of bonds due 1997 was given a 7-5/8 pct
+coupon and was priced at 99.25 to yield 7.73 pct, or 60.5 basis
+points more than comparable Treasury securities.
+    A companion 150 mln dlr offering of 30-year bonds was given
+an 8-3/8 pct coupon and was priced at 99.875 to yield 8.386
+pct, or 82.5 basis points over Treasuries.
+    Both tranches are non-callable for life. Moody's rates the
+bonds Aa-1 and S and P rates them AA-plus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18219" NEWID="1801">
+<DATE> 4-MAR-1987 16:17:04.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0741&#31;reute
+d f BC-PHOENIX-STEEL-RECEIVE   03-04 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOENIX STEEL RECEIVES OFFER FOR CLAYMONT MILL</TITLE>
+<DATELINE>    CLAYMONT, Del., March 4 - </DATELINE><BODY>&lt;Phoenix Steel Corp> said a group
+of investors offered to buy its Clayton steel plate mill for
+eight mln dlrs and the assumption of a bond obligation.
+   Phoenix did not disclose the indentity of the investors.
+    Phoenix was forced to close the Clayton mill last month.
+    The company said the offer represents a major step in
+restructuring the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18220" NEWID="1802">
+<DATE> 4-MAR-1987 16:21:29.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0748&#31;reute
+r f BC-NORTH-AMERICAN-PHILIP   03-04 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN PHILIPS &lt;NPH> SELLS DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>North American Philips Corp is raising
+100 mln dlrs via an offering of debentures due 2017 yielding
+8.809 pct, said sole manager Morgan Stanley and Co Inc.
+    The debentures have an 8-3/4 pct coupon and were priced at
+99.375 to yield 125 basis points over the off-the-run 9-1/4 pct
+Treasury bonds of 2016.
+    The issue is non-refundable for 10 years. A sinking fund
+that starts in 1998 to retire five pct of the debentures
+annually can be increased by 200 pct at the company's option.
+Moody's rates the debentures A-2 and Standard and Poor's rates
+them A-minus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18221" NEWID="1803">
+<DATE> 4-MAR-1987 16:21:43.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0750&#31;reute
+h f BC-KEANE-INC-&lt;KEAN>-4TH   03-04 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEANE INC &lt;KEAN> 4TH QTR</TITLE>
+<DATELINE>    BOSTON, Mass., march 4 -
+    </DATELINE><BODY>Shr 17 cts vs 15 cts
+    Net 229,000 vs 201,000
+    revs 10.5 mln vs 9.9 mln
+    Year
+    Shr 21 cts vs 55 cts
+    Net 283,000 vs 766,000
+    Revs 40.4 mn vs 39.7 mln
+    NOTE:1985 shares adjusted to reflect the distribution of
+one share of Class B common stock for every two shares of
+common stock held of record as of July 1, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18222" NEWID="1804">
+<DATE> 4-MAR-1987 16:22:03.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0751&#31;reute
+h f BC-SAVIN-&lt;SVB>-NOTE-CONV   03-04 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAVIN &lt;SVB> NOTE CONVERSION ENDS</TITLE>
+<DATELINE>    STAMFORD, Conn., March 4 - </DATELINE><BODY>Savin Corp said the first period
+for the exercise of the special conversion right for its zero
+coupon convertible senior notes due February one, 1996, has
+expired.
+    Savin said about 1,767,000 shares of its common stock will
+be issued as a result of the conversion.
+    The share certificates issued through the conversion will
+be distributed to noteholders beginning March six, Savin added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18223" NEWID="1805">
+<DATE> 4-MAR-1987 16:24:58.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0758&#31;reute
+h f BC-MERIDIAN-DIAGNOSTICS   03-04 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERIDIAN DIAGNOSTICS &lt;KITS> GETS FDA APPROVAL</TITLE>
+<DATELINE>    CINCINNATI, March 4 - </DATELINE><BODY>Meridian Diagnostics Inc said it
+received approval from the Food and Drug Administration to
+market a test to detect a disease which drains fluids from the
+bodies of AIDS victims.
+    The company said the test detects Cryptosporidium SP in
+stool specimens. The disease can result in life threatening
+loss of fluids, the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18224" NEWID="1806">
+<DATE> 4-MAR-1987 16:25:53.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0761&#31;reute
+u f BC-SENATE-COMMITTEE-POST   03-04 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE COMMITTEE POSTPONES BANK BILL VOTE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The Senate Banking Committee has
+postponed until March 10 its meeting scheduled for tomorrow to
+act on a bank regulation bill.
+    A committee aide said the postponement was requested by
+Republican members who wanted more time to look over a revised 
+draft version of the bill which was just introduced.
+    That version of the bill would allow non-bank banks to
+continue activities in operation as of March 5, but would
+prohibit them from starting other financial services.
+    The previous draft bill would have banned non-bank bank
+activities started after July 1, 1983.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18225" NEWID="1807">
+<DATE> 4-MAR-1987 16:26:54.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>italy</D><D>west-germany</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0765&#31;reute
+r f AM-REAGAN-TRIP   03-04 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN TO VISIT ROME, BERLIN DURING SUMMIT TRIP</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>President Reagan will visit Rome and
+West Berlin during a trip to Europe in June to attend the
+Venice summit meeting of the major industrialized countries,
+the White House said.
+    The announcement said Reagan and Nancy Reagan would be in
+Rome from June 3 to 6 as the guests of President Francesco
+Cossiga and would have an audience with Pope John Paul II on
+June 6. After the June 8-10 summit, Reagan will travel to West
+Berlin on June 12 to participate in the city's 750th
+anniversary and will meet West German Chancellor Helmut Kohl in
+Bonn before returning home the same day.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18262" NEWID="1808">
+<DATE> 4-MAR-1987 16:27:27.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0767&#31;reute
+u f BC-VIACOM-&lt;VIA>-MERGER-E   03-04 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIACOM &lt;VIA> MERGER EXPECTED IN 60 TO 90 DAYS</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Sumner Redstone, president of National
+Amusements, Inc, predicted he can win regulatory approvals to
+wrap up the 3.4 billion dlr acquisition of Viacom International
+Inc in 60 to 90 days.
+    Redstone, 63, catapulted himself into the big leagues of
+entertainment early today when a group of Viacom managers and
+their financial backers decided not to top National's bid.
+    "We've had counsel working for some time in every region
+where Viacom has cable televison systems" Redstone told Reuters
+in a telephone interview.
+    Redstone also said "Viacom is committed to working very
+closely with us to obtain approvals." Viacom has been seeking
+approvals for transfer of its broadcast licenses and cable
+systems since September when its management group first
+advanced a buyout plan.
+    But Redstone turned the situation into a spirited bidding
+contest which was capped by the announcement this morning that
+Viacom's independent directors on behalf of Viacom entered into
+a defintive merger agreement with National.
+    National is a family business which operates a chain of
+movie theaters. It is dwarfed by Viacom.
+    Redstone said he was weary after talks dragged on through
+the night but also excited at the prospect of running a leading
+electronic media company. He noted that the number of motion
+picture admissions in the U.S. has shown no growth in 15 years.
+    Of nine satellite television channels operated by Viacom,
+four are motion-picture oriented pay channels. Redstone said
+exclusive contracts with pay television networks are the
+emerging trend. "Up until recently you could see any motion
+picture on any pay channel," Redstone said.
+    He noted Viacom has exclusive agreements with two studios
+and plans to sign a deal with a third company next month.
+    Redstone said the management group's investment bankers
+will be paid what is due for termination of its merger
+agreement. Such fees could total about 30 mln dlrs. "That will
+be a company expense," Redstone said.
+    He said BankAmerica &lt;BAC> Corp has had numerous inquiries
+from lenders who want to participate in a 2.25 billion dlr
+financing for the deal. BankAmerica will provide 592 mln dlrs.
+    After the merger, Viacom will be a subsidiary of National
+but 17 pct of the company will be in public hands.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18227" NEWID="1809">
+<DATE> 4-MAR-1987 16:28:55.85</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0776&#31;reute
+u f BC-BRITISH-AIDE-CRITICIZ   03-04 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AIDE CRITICIZES U.S.PROTECTIONISM</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>A senior British official said that
+protectionist bills being considered by Congress could trigger
+retaliation by the European Community (EEC) and threaten the
+global trading system.
+    Paul Channon, secretary for trade and industry, said if
+Congress passed legislation to curb textile imports, which
+would hit EC shipments as well as shipments from major Asian
+textile producers, "the community would have to retaliate."
+    His comments echoed those made yesterday by Belgian Trade
+Minister Herman De Croo, who said if the bill passed, the
+community would retaliate by imposing taxes on U.S. exports.
+    Channon made his remarks at a news conference after two
+days of talks with Reagan Administration officials and members
+of Congress.
+    De Croo was also in Washington for trade talks.
+    Channon said there was a greater protectionism sentiment in
+Congress since his visit here last year as Congress and the
+Administration tried to find ways to reduce the U.S. trade
+deficit, which last year hit a record 169.8 billion dlrs.
+    Channon also called for greater EC-U.S. cooperation to
+force Japan to open its markets to foreign goods.
+    Channon said Japan's trade surplus is causing everyone
+problems - its surplus with the United States last year was
+51.5 billion dlrs and with EC nations, 16.7 billion dlrs.
+    "The more united pressure there could be, the better," he
+said.
+    Channon also called for increased U.S.-EC cooperation to
+avoid trade disputes.
+    He said the two sides narrowly avoided a confrontation
+earlier this year over lost grains sales when Spain and
+Portugal joined the community and its liberal imports
+regulations were tightened to conform to EC standards.
+    "But if both sides drew back from the brink that time," he
+said, ""it does not mean that they would do so on another
+occasion."
+    Channon added that "There is increasing reesentment in
+Europe over the U.S. tactic of negotiating under the pressure
+of unilaterally imposed deadlines."
+    He said other potential conflicts are already in sight -
+alleged European government subsidies of Airbus aircraft and
+taxes on fats and oils - and "the commuity and the United States
+must therefore learn to manage their relations better."
+    He said another bill to let the United States retaliate
+against a nation if that nation's market was not open to U.S.
+goods would bypass the trade pact GATT (General Agreeeement on
+Tariffs and Trade) as an arbiter of trade practices.
+    He said foreign trade law should be judged by GATT and not
+by the United States, adding "if the (trade) law is to be
+interpreted by the United States and not by the GATT, what is
+to happen to the rest of us?"
+   
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18226" NEWID="1810">
+<DATE> 4-MAR-1987 16:29:49.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0781&#31;reute
+r f BC-omnibus-computer-loan   03-04 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMNIBUS COMPUTER LOAN NOT CALLED</TITLE>
+<DATELINE>    TORONTO, March 4 - </DATELINE><BODY>&lt;Omnibus Computer Graphics Inc>, which
+earlier said it is in default of certain provisions of its line
+of credit, said its Canadian banker has indicated a willingness
+to work with the company and has not called Omnibus' loan.
+    Omnibus earlier said negotiations are underway to provide
+additional financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18228" NEWID="1811">
+<DATE> 4-MAR-1987 16:30:36.83</DATE>
+<TOPICS><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0784&#31;reute
+r f BC-YEUTTER-SEEKS-STRONGE   03-04 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER SEEKS STRONGER TAIWAN, S.KOREA CURRENCIES</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said he hoped the U.S. dollar would continue to decline
+in relation to the currencies of Taiwan and South Korea as a
+way to improve the U.S. trade picture.
+    Testifying before the House Appropriations subcommittee
+which must approve his agency's 1988 budget, he said, "In my
+judgment economic factors justify a continued decline."
+    Asked by a committee member if he expected a further
+decline, and how much, Yeutter said the Taiwan and South Korean
+currencies should be adjusted to reflect "positive factors" in
+their economies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18229" NEWID="1812">
+<DATE> 4-MAR-1987 16:30:42.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0785&#31;reute
+d f BC-YUGO-FEBRUARY-CAR-SAL   03-04 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGO FEBRUARY CAR SALES BREAK RECORD</TITLE>
+<DATELINE>    UPPER SADDLE RIVER, N.J., March 4 - </DATELINE><BODY>&lt;Yugo America Inc>, a
+unit of &lt;Yugo NV>, said it sold 5,059 cars in February, the
+first month in which sales topped 5,000.
+    Yugo said the February's sales were 21.2 pct higher than
+sales in January and 191.4 pct above the 1,736 cars sold in the
+same month last year.
+    Yugo said it has sold a total of 9,233 cars so far in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18230" NEWID="1813">
+<DATE> 4-MAR-1987 16:39:22.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0799&#31;reute
+d f BC-SENATE-PANEL-APPROVES   03-04 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE PANEL APPROVES EXTENDING DAIRY COMMISSION</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The Senate Agriculture Committee
+approved a bill that would extend for one year the life of the
+National Commission on Dairy Policy.
+    The dairy commission, mandated by the 1985 farm bill, is
+set to expire at the end of the month. The bill would extend
+the date by which the commission must submit its report on
+dairy policy to March 31, 1988.
+    Congress charged the commission with examining the federal
+price support program for milk and alternatives to the program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18231" NEWID="1814">
+<DATE> 4-MAR-1987 16:40:06.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0802&#31;reute
+s f BC-NL-INDUSTRIES-INC-&lt;NL   03-04 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NL INDUSTRIES INC &lt;NL> SET REGULAR PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 4 - 
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay March 31
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18232" NEWID="1815">
+<DATE> 4-MAR-1987 16:41:57.90</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0807&#31;reute
+u f BC-CHINA-SUGAR-OUTPUT-SE   03-04 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA SUGAR OUTPUT SEEN LOWER -- USDA</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>China's 1986/87 sugar crop has been
+revised to 5.26 mln tonnes (raw value), down four pct from the
+previous forecast and five pct below the previous season, the
+U.S. Agriculture Department said.
+    In its World Production and Trade Report, the department
+attributed the decline to relatively poor profitability of
+sugar, causing harvested area of cane and beets to decline
+seven pct from 1985/86.
+    Beet sugar production for 1986/87 is now estimated at
+837,000 tonnes, five pct less than earlier forecast and down
+five pct from the previous season, while cane output is
+projected at 4.423 mln tonnes, down four pct from previously
+forecast and five pct below the previous season, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18233" NEWID="1816">
+<DATE> 4-MAR-1987 16:42:38.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0809&#31;reute
+u f BC-GENERAL-HOST-&lt;GH>-SEE   03-04 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL HOST &lt;GH> SEES YEAR LOSS</TITLE>
+<DATELINE>    STAMFORD, Conn., March 4 - </DATELINE><BODY>General Host Corp said it will
+report a loss from continuing operations and a sharp decline in
+net income for the year ended January 25, 1987, due to
+substantial operating losses in its Frank's Nursery and Crafts
+unit. For the year ended January 25, 1986, General reported net
+income of 29.7 mln dlrs.
+    The company said it discovered problems in its unit's
+computerized accounts payable system. It said results of its
+other nursery and craft unit, Flower Time Inc, are not
+affected. It said its accountants are investigating the
+problem, which will delay release of its full-year results.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18234" NEWID="1817">
+<DATE> 4-MAR-1987 16:44:23.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0812&#31;reute
+u f BC-UAW,-AMC-&lt;AMO>-SET-NE   03-04 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW, AMC &lt;AMO> SET NEW LABOR TALKS</TITLE>
+<DATELINE>    DETROIT, March 4 - </DATELINE><BODY>The United Auto Workers and American
+Motors Corp agreed to resume talks on a new labor contract for
+the company's threatened Kenosha, Wisc. assembly plant despite
+a breakdown in talks last weekend, UAW vice-president Marc
+Stepp said.
+    Stepp told reporters that issues which caused the talks to
+break off are being discussed between the two sides and that a
+main table bargaining session has been scheduled Friday in
+Milwaukee.
+    France's Regie Nationale des Usines Renault has a
+controlling stake in American Motors.
+    Stepp said the union intends "to exert full efforts" to
+reach an agreement that would keep the plant in operation past
+1989, when AMC has said production will end unless the UAW
+grants concessions on labor costs.
+    The UAW leader said the company and the union agreed in
+principle in 1985 to pattern a future contract covering some
+6,000 Kenosha workers after lower-cost UAW contracts covering
+Mazda Motor Corp's new U.S. plant in Michigan and the New
+United Motor plant in California operated by Toyota.
+    Stepp said there is such deep hostility between the company
+and union locals in Milwaukee and Kenosha that communication
+between them is very difficult.
+    But he said it is possible to reach agreement on a new
+contract to save the jobs of UAW members at AMC's Wisconsin
+operations despite the impasse.
+    AMC has said it will resume talks, but only for 24 hours to
+ascertain whether the union was willing to agree to the
+concessions it wants.
+    The Kenosha plant builds AMC's Renault cars and a line of
+Chrysler Corp &lt;C> vehicles under a contract assembly deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18235" NEWID="1818">
+<DATE> 4-MAR-1987 16:44:52.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0815&#31;reute
+r f BC-VICTORY-MARKETS-INC-F   03-04 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VICTORY MARKETS INC FILES TO OFFER DEBENTURES</TITLE>
+<DATELINE>    NORWICH, N.Y., March 4 - </DATELINE><BODY>&lt;Victory Markets Inc> said it
+filed a registration statement with the Securities and Exchange
+Commission relating to the proposed public offering of 60 mln
+dlrs principal amounbt of subordinated debentures due 1999.
+    Proceeds will be used to repay outstanding indebtedness of
+the company and to repay a portion of outstanding loans.
+    Victory Markets Inc owns and operates a chain of 88 retail
+supermarkets and conducts a wholesale grocery business in
+central and northern New York State.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18236" NEWID="1819">
+<DATE> 4-MAR-1987 16:46:23.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0822&#31;reute
+r f BC-SYNTEX-&lt;SYN>-SETS-RAP   03-04 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNTEX &lt;SYN> SETS RAPID STREP THROAT TEST</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 4 - </DATELINE><BODY>Syntex Corp said its
+diagnostics subsidiary has introduced a rapid, antibody-based
+test to diagnose strep throat infections, called AccuPoint (T)
+Group H Strep Test.
+    A Syntex spokesman said the test has received Food and Drug
+Administration approval and is now available nationwide for use
+in hospitals, doctors offices and laboratories.
+    The company said it is the first of ten diagnostic tests
+being developed for Syntex by Murex Corp. Others include
+detection of pregnancy, ovulation and sexually transmitted
+diseases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18237" NEWID="1820">
+<DATE> 4-MAR-1987 16:46:42.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0824&#31;reute
+s f BC-MEDTRONIC-INC-&lt;MDT>-S   03-04 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDTRONIC INC &lt;MDT> SETS PAYOUT</TITLE>
+<DATELINE>    MINNEAPOLIS, March 4 - 
+    </DATELINE><BODY>Qtly dividend 22 cts vs 22 cts
+    Pay April 30
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18238" NEWID="1821">
+<DATE> 4-MAR-1987 16:48:37.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0830&#31;reute
+r f BC-CAROLINA-POWER-&lt;CPL>   03-04 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAROLINA POWER &lt;CPL> TO REDEEM PREFERRED STOCK</TITLE>
+<DATELINE>    RALEIGH, N.C., March 4 - </DATELINE><BODY>Carolina Power and Light Co said
+it will redeem on April 22 all two mln shares of its 2.675 dlr
+preferred stock, series A.
+    The company said it will pay 25.75 dlrs a share plus
+accrued dividends of 15.6 cts.
+    The redemption, Carolina Power said, will substantially
+reduce its operating costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18239" NEWID="1822">
+<DATE> 4-MAR-1987 16:49:19.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0834&#31;reute
+h f BC-CENTRAL-BANCSHARES-&lt;C   03-04 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANCSHARES &lt;CBSS> UNIT UNVEILS SYSTEM</TITLE>
+<DATELINE>    BIRMINGHAM, March 4 - </DATELINE><BODY>Central Bancshares of the South's
+Central Bank of the South said it unveiled a realtime trading
+floor providing the staff with instant access to U.S. financial
+markets.
+    The company said the system, the first in Alabama, is in
+its investment banking division. The company said the staff
+receives immediate notification of prices changes, market data
+and a summary of securities or bonds in inventory.
+    The trading floor consists of workstations intergrating
+personal computer and mainframe capabilities, telephone and
+intercom systems, and multiple information services.
+    The trading room format was created by Rich Inc, a
+subsidiary of Reuters Inc &lt;REUT>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18240" NEWID="1823">
+<DATE> 4-MAR-1987 16:49:24.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0835&#31;reute
+d f BC-QUANTUM-&lt;QTMCU>-RECEI   03-04 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUANTUM &lt;QTMCU> RECEIVES PATENT NOTIFICATION</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 4 - </DATELINE><BODY>Quantum Diagnostics Ltd said it
+received notification from the U.S. patent office that a patent
+would be issued on its analog image processor as of March
+three.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18241" NEWID="1824">
+<DATE> 4-MAR-1987 16:50:10.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0837&#31;reute
+s f BC-LOUISVILLE-GAS-AND-EL   03-04 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUISVILLE GAS AND ELECTRIC CO &lt;LOU> DIVIDEND</TITLE>
+<DATELINE>    LOUISVILLE, Ky., March 4 -
+    </DATELINE><BODY>Qtly dividend 65 cts vs 65 cts
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18242" NEWID="1825">
+<DATE> 4-MAR-1987 16:55:22.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F A RM
+&#22;&#22;&#1;f0841&#31;reute
+u f BC-dome-debt-plan-to-go   03-04 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME&lt;DMP> DEBT PLAN LIKELY CIRCULATED NEXT WEEK</TITLE>
+<DATELINE>    TORONTO, March 4 - </DATELINE><BODY>Dome Petroleum Ltd's plan to reschedule
+debt of more than 6.1 billion Canadian dlrs will likely be
+detailed to a group of 56 major creditors on Monday or Tuesday
+next week, a company spokesman said.
+    Circulation of the complex plan to reschedule the company's
+debt was delayed to incorporate late changes resulting from
+discussions with Dome's lenders, spokesman David Annesley told
+Reuters in response to an inquiry.
+    Annesley said Dome expects its debt will total between 6.3
+billion and 6.5 billion dlrs by June 30, 1987, when it hopes to
+implement the debt plan now under negotiation.
+    Annesley said Dome Petroleum would issue a statement
+outlining the company's debt rescheduling proposal following
+release of the plan to lenders.
+    Dome Petroleum previously said it hoped to submit the debt
+plan by mid-February in order to win agreement in principle
+from creditors prior to June 30.
+    The group of major lenders have agreed to defer a
+substantial amount of debt payments until June 30 under an
+interim agreement that links payments to secured lenders with
+cash flow generated by assets backing the loans.
+    Annesley also said there was no change in the status of
+legal actions initiated by six Swiss noteholders who are
+seeking interest and principal payment on their unsecured debt.
+    Together, the noteholders are owed about 520,000 Swiss
+francs, and their legal action places a total of 300 mln Swiss
+franc denominated debt in default.
+    Annesley said the company's next scheduled appearance in a
+Swiss court to defend against the actions is set for March 16.
+    Dome Petroleum's 1986 fourth quarter and year earnings will
+likely be reported at the end of March, he also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18243" NEWID="1826">
+<DATE> 4-MAR-1987 16:58:11.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0852&#31;reute
+d f BC-GEORGIA-GULF-&lt;GGLF>-F   03-04 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEORGIA GULF &lt;GGLF> FILES FOR SHARE OFFER</TITLE>
+<DATELINE>    ATLANTA, March 4 - </DATELINE><BODY>Georgia Gulf Corp said it filed with the
+Securities and Exchange Commission for a secondary offering of
+4.8 mln shares of common stock, which will be sold by General
+Electric Co's &lt;GE> General Electric Credit Corp unit and
+Georgia-Pacific Corp &lt;GP>.
+    The company said four mln of the shares will be sold in the
+United States and 800,000 shares will be offered abroad.
+    Goldman, Sachs and Co is the sole manager of the
+underwriting syndicate for the offering, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18244" NEWID="1827">
+<DATE> 4-MAR-1987 16:58:20.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0853&#31;reute
+r f BC-&lt;OKUMA-MACHINERY-WORK   03-04 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;OKUMA MACHINERY WORKS> BUILDS PLANT IN U.S</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 4 - </DATELINE><BODY>State Commerce Secretary Claude
+Pope said Japan's Okuma Machinery Works LTD will build a
+multi-million dollar manufacturing machinery plant here.
+    He said the plant will be the company's first in the U.S.
+and will employ approximately 150 people.
+    He said start-up date is set for late this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18245" NEWID="1828">
+<DATE> 4-MAR-1987 17:00:07.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0857&#31;reute
+f f BC-******PAN-AM-WORLD-AI   03-04 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PAN AM WORLD AIRWAYS TO CUT MANAGEMENT COSTS BY ABOUT 180 MLN DLRS ANNUALLY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18246" NEWID="1829">
+<DATE> 4-MAR-1987 17:00:16.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0858&#31;reute
+u f AM-ESPIONAGE   03-04 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLLARD SENTENCED TO LIFE IN PRISON IN SPY CASE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Confessed spy Jonathan Pollard was
+sentenced today to life in prison for passing thousands of
+pages of top-secret U.S. military documents to Israel.
+    Pollard, a former Navy intelligence analyst, was sentenced
+for his role in what prosecutors described as one of the most
+serious breaches of security in U.S. history.
+    Pollard, a 32-year-old American Jew, claimed he was acting
+out of concern for Israel's safety and the belief that U.S.
+officials were withholding intelligence from Israel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18247" NEWID="1830">
+<DATE> 4-MAR-1987 17:02:02.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0867&#31;reute
+u f BC-DINGELL-URGES-SEC-TO   03-04 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DINGELL URGES SEC TO SEEK MORE DISCLOSURE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>House Energy and Commerce committee
+chairman John Dingell, D-Mich, said the Securities and Exchange
+Commission should step up its enforcement of regulations which
+require companies to disclose corporate fraud and waste.
+    Dingell made the comment at the start of a hearing on
+alleged overcharges by TRW Inc on its defense contracts.
+    He said the SEC seemed to have stopped demanding such
+disclosures, which are required by securities laws.
+    "In the wake of the foreign bribery cases in the 1970s, the
+SEC instituted a vigorous program of self-policing, using
+external auditors, investigators, and counsel. It should do so
+again," Dingell said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18248" NEWID="1831">
+<DATE> 4-MAR-1987 17:02:10.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0868&#31;reute
+h f BC-CENTRAL-BANCSHARES-&lt;C   03-04 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANCSHARES &lt;CBSS> UNIT UNVEILS SYSTEM</TITLE>
+<DATELINE>    BIRMINGHAM, March 4 - </DATELINE><BODY>Central Bancshares of the South's
+Central Bank of the South said it unveiled a realtime trading
+floor providing the staff with instant access to U.S. financial
+markets.
+    The company said the system, the first in Alabama, is in
+its investment banking division. The company said the staff
+receives immediate notification of prices changes, market data
+and a summary of securities or bonds in inventory.
+    The trading floor consists of workstations intergrating
+personal computer and mainframe capabilities, telephone and
+intercom systems, and multiple information services.
+    The trading room format was created by Rich Inc, a
+subsidiary of Reuters Holdings Plc &lt;RTRSY>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18249" NEWID="1832">
+<DATE> 4-MAR-1987 17:03:33.40</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0869&#31;reute
+d f BC-KAISER-ALUMINUM-&lt;KLU>   03-04 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAISER ALUMINUM &lt;KLU> RAISES PRODUCT PRICES</TITLE>
+<DATELINE>    OAKLAND, Calif., March 4 - </DATELINE><BODY>Kaiser Aluminum and Chemical
+Corp said it is increasing prices for a broad range of common
+alloy coil, flat sheet and plate products.
+    The company said prices to distributors and direct
+customers on shipments of new orders placed March 4 and after
+will be increased by four to eight cts per lb.
+    Kaiser said the increases are due to increased demand and
+the need to set prices relative to the cost of primary
+aluminum.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18250" NEWID="1833">
+<DATE> 4-MAR-1987 17:07:06.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0878&#31;reute
+r f BC-HUNTERDON-&lt;HUNT>-SETS   03-04 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNTERDON &lt;HUNT> SETS DENTAL VENTURE</TITLE>
+<DATELINE>    YARDLEY, Penn., March 4 - </DATELINE><BODY>Hunterdon Pharmaceuticals Inc
+said it formed a joint venture with &lt;Chesapeake Biological
+Laboratories> and &lt;E.B. Michaels Research Associates> to
+develop C31G, a substance that may be useful in the treatment
+or prevention of plaque.
+    The substance, tested in pre-clinical trials at the
+University of Pennsylvania, also has other uses as an
+anti-fungal or anti-bacterial agent, the company said.
+    It said Chesapeake Biological, a private company, owns 55
+pct of the venture, E.B. Michaels 10 pct, while it holds the
+remaining interest, and the patent for C31G.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18251" NEWID="1834">
+<DATE> 4-MAR-1987 17:07:15.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0879&#31;reute
+h f BC-U.S./USSR-TRADE-IMBAL   03-04 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S./USSR TRADE IMBALANCE CITED AS PROBLEM</TITLE>
+<DATELINE>    WASHINGTON, Mar 4 - </DATELINE><BODY>U.S. purchases of Soviet products must
+increase before the Soviet Union will buy more U.S. goods, a
+Soviet trade official told Reuters.
+    "American exports (to the Soviet Union) depend on Soviet
+exports to the United States," said Albert Melknikov, deputy
+trade representative of the Soviet Union to the United States.
+    "One should not forget that it is impossible only to buy
+from the United States. We must be able to sell our products to
+the United States as well," he said in an interview.
+    The Soviet trade deficit with the United States totalled
+around two billion dlrs in 1985, Melnikov said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18252" NEWID="1835">
+<DATE> 4-MAR-1987 17:07:59.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0881&#31;reute
+r f BC-CAPITAL-WIRE   03-04 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROBERTSON UPS CAPITAL WIRE&lt;CWCC> STAKE TO 12 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>New York investor Julian Robertson
+and several investment partnerships he controls said they
+raised their stake in Capital Wire and Cable Corp to 481,800
+shares, or 12.2 pct of the total, from 430,200, or 10.9 pct.
+    In a filing with the Securities and Exchange Commission
+Robertson and his Tiger, Jaguar, Puma and Tiger Management Co
+entities said they bought 51,600 Capital Wire common shares
+between Feb 3 and 17 at 13.25 dlrs a share.
+    Robertson said his group has spent a total of 5.9 mln dlrs
+on its investment in the company so far.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18253" NEWID="1836">
+<DATE> 4-MAR-1987 17:08:17.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>icahn</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0882&#31;reute
+u f BC-TWA-&lt;TWA>-TANGLES-PIE   03-04 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> TANGLES PIEDMONT &lt;PIE> SITUATION</TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    New York, March 4 - </DATELINE><BODY>Trans World Airlines Inc complicated
+the bidding for Piedmont Aviation Inc by offering either to buy
+Piedmont suitor USAir Group or, alternatively, to merge with
+Piedmont and USAir.
+    Piedmont's board was meeting today, and Wall Street
+speculated the board was discussing opposing bids from Norfolk
+Southern Corp and USAir. The TWA offer was announced shortly
+after the Piedmont board meeting was scheduled to begin.
+    TWA offered to buy USAir for 52 dlrs cash per share. It
+also said it was the largest shareholder of USAir and
+threatened to go directly to USAir shareholders with an offer
+for 51 pct of the stock at a lower price.
+    TWA also said it believed its offer was a better deal for
+USAir shareholders than an acquisition of Piedmont, but it said
+it alternatively would discuss a three-way combination of the
+airlines.
+    Market sources and analysts speculated that TWA chairman
+Carl Icahn made the offer in order to put his own airline into
+the takeover arena.
+    "We're just wondering if he's not just trying to get TWA
+into play. There's speculation on the street he just wants to
+move onto somthing else," said one arbitrager. "We think TWA
+might just be putting up a trial balloon."
+    Analysts said the offer must be taken seriously by USAir,
+but that the airline will probably reject it because the price
+is relatively low compared to other airline deals.
+    They also said Icahn must prove his offer credible by
+revealing financing arrangements. "They need to show their
+commitment and their ability to finance. I think it's a
+credible offer," said Timothy Pettee, a Bear Stearns analyst.
+    "I think it's certainly on the low end of relative values
+of airline deals," said Pettee. Pettee estimated 58 dlrs would
+be in a more reasonable range based on other airline mergers.
+    USAir stock soared after TWA made public its offer. A
+spokesman for USAir declined comment, and said USAir had not
+changed its offer for Piedmont. USAir offered of buy 50 pct of
+that airline's stock for 71 dlrs cash per share and the balance
+for 73 dlrs per share in USAir stock.
+    USAir closed up 5-3/8 at 49-1/8 on volume of 1.9 mln
+shares.
+    Piedmont, which slipped 1/2 to close at 69-5/8, also
+remained silent on the TWA action. Piedmont has an outstanding
+65 dlr cash per share offer from Norfolk Southern Corp.
+    Norfolk Southern declined comment, but said it stuck with
+its offer for Piedmont. Norfolk owns about 20 pct of Piedmont
+and opened the bidding when it said it would propose a takeover
+of Piedmont.
+    Some analysts said Icahn may be trying to acquire USAir to
+make his own airline a more attractive takeover target.
+    "Icahn I think had wanted to sell his airline and there
+were no takers. I think the strategy might have called for
+making his investment more attractive. One way to accomplish
+that specific objective is to go out and acquire other
+airlines," said Andrew Kim of Eberstadt Fleming.
+    "I don't know whose going to buy them, but at least this
+way it becomes a much more viable package," said Kim.
+    But Icahn's financing ability for such a transaction
+remains in doubt, in part because of TWA's heavy debt load.
+    Wall street sources said TWA has some cash with which to do
+the offer.
+    The sources said Icahn has not lined up outside financial
+advisers and plans to make his own arrangements.
+   Icahn earlier this year abandoned plans to buy USX Corp &lt;X>
+and still retains 11 pct of that company's stock.
+    Some Wall street sources said the financier's USX plan was
+impacted by the cloud hanging over his adviser, Drexel Burnham
+Lambert Inc, because of Wall Street's insider trading scandal.
+    Industry sources also predicted USAir might reject the TWA
+offer on price and financing concerns. "It's littered with
+contingencies and it doesn't even have a financing
+arrangement," said one executive at another major airline.
+    But the executive conceded a merged TWA-USAir would be a
+strong contender with USAir's east coast route system and
+planned west coast presence from PSA. USAir could feed the
+intenrational flights of TWA, which has a midwest presence in
+its St. Louis hub. Adding Piedmont, dominant in the southeast,
+to the mix would develop an even stronger force.
+    The combined entity would also have TWA's pars reservation
+system.
+    Such a merger would be complex and analysts said it would
+result in an airline iwth an 18 pct market share.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18254" NEWID="1837">
+<DATE> 4-MAR-1987 17:14:31.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0893&#31;reute
+r f BC-FOREST-OIL-CORP-&lt;FOIL   03-04 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREST OIL CORP &lt;FOIL> 4TH QTR</TITLE>
+<DATELINE>    DENVER, March 4 -
+    </DATELINE><BODY>Shr loss 29 cts vs profit eight cts
+    Net loss 2.0 mln vs profit 568,000
+    year
+    Shr loss 1.37 dlrs vs profit 88 cts
+    Net loss 9.3 mln vs profit 6.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18255" NEWID="1838">
+<DATE> 4-MAR-1987 17:15:26.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0894&#31;reute
+u f BC-USDA-TRANSMITS-FARM-P   03-04 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA TRANSMITS FARM PROPOSALS TO CONGRESS</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The Reagan administration officially
+submitted to Congress its proposals to cut back U.S. farmers'
+income deficiency payments, decouple planting decisions from
+income support levels and accelerate reductions in loan rates,
+Senate staff said.
+    The recommendations, first outlined last January in
+President Reagan's fiscal 1988 budget blueprint, were
+transmitted to both houses of Congress as legislative
+proposals.
+    It was not clear which lawmakers might introduce the
+measures.
+    The most controversial proposal in the package would make
+10 pct annual reductions in target prices for major
+commodities. A number of legislators have predicted the target
+price proposal will not move in Congress.
+    The package also would offer the so-called 0/92 option to
+producers of 1987-90 crops and raise the annual permissible
+reduction in loan rates to 10 pct from 5 pct.
+    Under 0/92, a producer is guaranteed at least 92 pct of his
+deficiency payment regardless of how much he plants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18256" NEWID="1839">
+<DATE> 4-MAR-1987 17:15:33.29</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0895&#31;reute
+h f BC-TRADE   03-04 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER PLANS TRADE TRIP TO CHINA THIS SUMMER</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said he plans a July trip to China to discuss trade
+issues including China's admission to the General Agreements on
+Tariffs and Trade.
+    Yeutter told a congressional hearing it was possible China
+could be a member of GATT before the end of the year.
+    "They are making major moves to becoming a full scale member
+of the world economy," he told the House Appropriations
+subcommittee which oversees his agency's budget.
+    Depending on how the negotiations go on the terms of
+China's GATT membership, Yeutter said he could put the final
+touches on the U.S. part of the agreement during his trip.    
+The admission of China to GATT, which is the multinational
+group of nations which negotiates international rules on trade,
+would offer both potential export markets and potential
+competition for U.S. industries, he said.
+    "That has a lot of potential as well as risks for U.S.
+business," Yeutter said.
+    "I think China will develop into a fine market for us," he
+added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18257" NEWID="1840">
+<DATE> 4-MAR-1987 17:17:25.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0900&#31;reute
+u f BC-PAN-AM-&lt;PN>-TO-CUT-AI   03-04 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN AM &lt;PN> TO CUT AIRLINE MANAGEMENT COSTS</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Pan Am Corp said its Pan American World
+Airways unit will reduce management costs by 20 pct, or about
+80 mln dlrs, through job cuts, salary freezes and other
+measures.
+    Pan Am also said it has asked its labor unions to help
+lower costs by an additional 180 mln dlrs.
+    The airline said it will eliminate 464 managment positions
+and freeze all management salaries, a move that will save 30
+mln dlrs a year.
+    An additional 50 mln dlrs of expenses under management's
+control will also be cut, it said without offering details.
+    Pan Am said it is seeking a 20 pct pay cut from its unions.
+    Pan Am vice chairman Martin R. Shugrue said in a statement,
+"Management is leading the way, but with 40 pct of our
+operating expenses represented by labor costs, we must have the
+cooperation of our labor unions if we are to make additional
+improvements to our 1987 operating plan."
+    Shugrue asked Pan Am's unions to begin negotiations on the
+pay cuts immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18258" NEWID="1841">
+<DATE> 4-MAR-1987 17:19:22.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0908&#31;reute
+b f BC-******ALLIS-CHALMERS   03-04 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALLIS-CHALMERS PROPOSES RESTRUCTURING, TO CONVERT SOME DEBT TO COMMON
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18259" NEWID="1842">
+<DATE> 4-MAR-1987 17:19:33.15</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0909&#31;reute
+u f BC-RIO-COFFEE-TRADE-PREF   03-04 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIO COFFEE TRADE PREFERS NO PACT TO QUOTA CUT</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 4 - </DATELINE><BODY>The failure of talks to introduce
+new coffee export quotas within the International Coffee
+Agreement, ICA, was preferable to the alternative of Brazil
+having a sharply reduced quota, as had been proposed, President
+of the Rio de Janeiro Coffee Trade Association Carlos Calmon
+said.
+    He told Reuters proposals to reduce Brazil's quota to 25
+pct of the world share from 30 pct at present were unacceptable
+as the country has large stocks and a good harvest is expected.
+    "Brazil has the capacity to export 20 mln bags this year,"
+Calmon added.
+    Calmon said, assuming a 58 mln bag global ICA quota,
+Brazil's share under the proposals would have been 14.5 mln
+bags, of which soluble would have accounted for 2.0 mln,
+leaving just 12.5 mln bags of green coffee for export.
+    "It's a pity the talks broke down, but for Brazil this was
+better than such a quota reduction," he added.
+    In 1985 Brazil exported 19.6 mln bags of soluble and green
+coffee, including about two mln bags to non-members. A severe
+drought and marketing problems cut exports last year to under
+10 mln bags.
+    Calmon estimated stocks as of January 1 at 18 mln bags, of
+which 5.0 mln have already been sold for export. The harvest
+this year should be around 30 mln bags, he added.
+    The latest Brazilian Coffee Institute estimate for last
+year's harvest is 11.2 mln bags, although many traders believe
+it was higher than this.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18260" NEWID="1843">
+<DATE> 4-MAR-1987 17:21:12.57</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sorghum</D></TOPICS>
+<PLACES><D>usa</D><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0917&#31;reute
+u f BC-ISRAEL-TENDERS-TONIGH   03-04 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAEL TENDERS TONIGHT FOR CORN AND/OR SORGHUM</TITLE>
+<DATELINE>    KANSAS CITY, March 4 - </DATELINE><BODY>Israel will tender overnight for
+33,000 long tons of U.S. sorghum and/or 22,000 long tons of
+U.S. corn for April shipment, private export sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18261" NEWID="1844">
+<DATE> 4-MAR-1987 17:22:27.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0921&#31;reute
+u f BC-HALLMARK-STORES-SELLS   03-04 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HALLMARK STORES SELLS SECURED BONDS</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Hallmark Stores Inc is raising 137.13
+mln dlrs through a three-tranche offering of secured bonds,
+said lead underwriter Salomon Brothers Inc.
+    A 31.63 mln dlr issue of bonds due 2001 was given an 8-1/4
+pct coupon and priced at par to yield 112 basis points over
+comparable Treasury securities and a 40 mln dlr offering of
+bonds due 2006 was given an 8-3/4 pct coupon and par pricing to
+yield 115 basis points over Treasuries.
+    The final tranche totals 65.49 mln dlrs of bonds due 2011.
+The securities were assigned an 8-7/8 pct coupon and par
+pricing to yield 131 basis points over Treasuries.
+    The entire Hallmark offering is non-refundable for 10
+years. The three tranches have average lives of 12.1, 17.8 and
+22.7 years respectively, Salomon Brothers said.
+    Moody's Investors Service Inc rates the securities Aa-3 and
+Standard and Poor's Corp rates them AA.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18263" NEWID="1845">
+<DATE> 4-MAR-1987 17:24:05.78</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0928&#31;reute
+r f BC-U.S.-CABINET-COUNCIL   03-04 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CABINET COUNCIL SET TO MULL FARM ISSUES</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The Reagan administration's
+cabinet-level Economic Policy Council is scheduled to meet
+Friday to discuss, among other issues, the status of
+agricultural legislation, administration officials said.
+    The officials said discussion of a U.S. Agriculture
+Department wheat export subsidy to the Soviet Union was not on
+the agenda. Matters not on the agenda, however, can be brought
+before the council, the officials said.
+    Grain trade officials have speculated that USDA would make
+a wheat export enhancement offer to Moscow, but USDA officials
+have said the matter is not under active consideration.
+    USDA today transmitted to Congress a package of legislative
+proposals, including bills that would cut target prices and
+speed up loan rate reductions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18264" NEWID="1846">
+<DATE> 4-MAR-1987 17:28:42.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0939&#31;reute
+h f BC-UNICORP-AMERICAN-CORP   03-04 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNICORP AMERICAN CORP &lt;UAC> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 4 - 
+    </DATELINE><BODY>Shr 13 cts vs 70 cts
+    Net 1,538,000 vs 8,614,000
+    Revs 16.4 mln vs 19.6 mln
+    12 mths
+    Shr 89 cts vs 2.43 dlrs
+    Net 10.3 mln vs 29.8 mln
+    Revs 56.2 mln vs 83.8 mln
+    Note: 1986 net is before preferred dividend payments and
+includes after-tax gain from sale of real estate properties of
+12.9 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18265" NEWID="1847">
+<DATE> 4-MAR-1987 17:29:09.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0940&#31;reute
+r f BC-BANNER-&lt;BNR>-COMPLETE   03-04 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANNER &lt;BNR> COMPLETES REXNORD SHARE PURCHASE</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Banner Industries Inc said it completed
+the previously announced purchase of Rexnord Inc &lt;REX>. It said
+it owns 96 pct of Rexnord's outstanding following the purchase
+of all Rexnord's common validly tendered pursuant to its 26.25
+dlr per share cash tender offer ended February 27.
+    Banner also said it received 310 mln dlrs pursuant to a
+credit agreement with &lt;Citicorp Industrial Credit Inc> and the
+&lt;Bank of Nova Scotia> and 260 mln dlrs from an offering made
+through Drexel Burnham Lambert Inc.
+    The merger of Rexnord with a subsidiary of Banner will be
+copmleted before mid-May, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18266" NEWID="1848">
+<DATE> 4-MAR-1987 17:30:24.19</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0943&#31;reute
+u f BC-U.S.-REAFFIRMS-OPPOSI   03-04 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. REAFFIRMS OPPOSITION TO EC OILS TAX PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>A meeting among government agencies
+today reaffirmed the strong opposition of the United States to
+a proposed new tax on vegetable oils and fats in the European
+Community, U.S. trade officials said.
+    Representatives of the major government agencies agreed at
+a trade policy review group meeting, which includes officials
+of the deputy secretary rank, to continue diplomatic pressure
+on EC member states.
+    "We (all agencies) are together on this," said one U.S.
+trade official.
+    One source said the U.S. would continue to make clear to
+member states and to the EC commission that if Brussels
+proceeds with the vegetable oils tax "there will be a great
+cost."
+    U.S. officials said no formal list of European products on
+which the U.S. might retaliate, has yet been drawn up.
+    "I don't think we're at that point yet," said one trade
+official, adding that the EC has only begun deliberations on
+its farm price package.
+    Suzanne Early, assistant trade representative, told Reuters
+the interagency meeting was to discuss U.S. strategy on the
+vegetable oils issue. Asked about retaliation, she said
+"sometimes its better not to be specific."
+    U.S. trade representative Clayton Yeutter Monday warned
+another major transatlantic trade row will develop if the EC
+proceeds with the vegetable oils tax.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18267" NEWID="1849">
+<DATE> 4-MAR-1987 17:31:15.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0944&#31;reute
+r f BC-&lt;CCL-INDUSTRIES-INC>   03-04 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CCL INDUSTRIES INC> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 4 -
+    </DATELINE><BODY>Shr 15 cts vs 18 cts
+    Net 4,500,000 vs 5,300,000
+    Revs 156.7 mln vs 152.0 mln
+    YEAR
+    Shr 72 cts vs 1.11 dlrs
+    Net 21.7 mln vs 33.0 mln
+    Revs 695.4 mln vs 653.5 mln
+    Note: Shr profit relates to class B non-voting shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18268" NEWID="1850">
+<DATE> 4-MAR-1987 17:32:26.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0951&#31;reute
+r f BC-IOWA-BANK-BECOMES-34T   03-04 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IOWA BANK BECOMES 34TH TO FAIL THIS YEAR</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The deposits of the failed First
+State Bank of Rockford, Iowa, were assumed by First Security
+Bank and Trust Co of Charles City, Iowa, the Federal Deposit
+Insurance Corp (FDIC) said.
+    The FDIC said it acted after First State, with 15.1 mln
+dlrs in assets, was closed today by Iowa Banking Superintendent
+William Bernau. It was the 34th U.S. bank to fail this year,
+and the 12th agricultural bank.
+    To facilitate the transaction, the FDIC said it would pay
+the assuming bank 4.1 mln dlrs and retain assets of the failed
+bank valued at 4.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18269" NEWID="1851">
+<DATE> 4-MAR-1987 17:32:29.16</DATE>
+<TOPICS><D>gas</D><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0952&#31;reute
+f f BC-wkly-distillate   03-04 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EIA SAYS DISTILLATE STOCKS OFF 3.4 MLN BBLS, GASOLINE OFF 100,000, CRUDE UP 3.2 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18270" NEWID="1852">
+<DATE> 4-MAR-1987 17:32:44.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0954&#31;reute
+d f BC-CHRONAR-&lt;CRNR>-CLOSES   03-04 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRONAR &lt;CRNR> CLOSES 20 MLN DLR PLACEMENT</TITLE>
+<DATELINE>    PRINCETON, N.J., March 4 - </DATELINE><BODY>Chronar Corp said it received a
+total of 20 mln dlrs through the completion of a private
+placement of its stock, long-term debt and associated warrants
+with the Sheet Metal Workers' National Pension Fund and an
+affiliate of &lt;Harbert Corp>.
+    It also said the fund and Harbert Solar Inc, the affiliate,
+now own about 16 pct of Chronar's common.
+    Chronar also said it expects to report a loss for the year
+of about 4.5 mln dlrs on sales of about 12 mln dlrs compared
+with a loss of 513,153 dlrs on revenues of 10 mln dlrs in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18271" NEWID="1853">
+<DATE> 4-MAR-1987 17:33:09.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0956&#31;reute
+u f BC-(G.T.C.-TRANSCONTINEN   03-04 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(G.T.C. TRANSCONTINENTAL GROUP LTD) 1ST QTR NET</TITLE>
+<DATELINE>    MONTREAL, March 4 -
+    </DATELINE><BODY>Shr 11 cts vs nine cts
+    Net 2.1 mln vs 1.6 mln
+    Revs 60.8 mln vs 32.9 mln
+    Avg shrs 19.7 mln vs 17.2 mln
+    Note: period ended January 31.
+REUTER
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18272" NEWID="1854">
+<DATE> 4-MAR-1987 17:35:25.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0962&#31;reute
+u f BC-U.S.-CAR-SALES-UP-6.7   03-04 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CAR SALES UP 6.7 PCT IN LATE FEBRUARY</TITLE>
+<AUTHOR>    By Richard Walker, Reuters</AUTHOR>
+<DATELINE>    DETROIT, March 4 - </DATELINE><BODY>Sales of new cars by the U.S. auto
+industry rose 6.7 pct in late February from the weak levels of
+a year ago, but industry giant General Motors Corp &lt;GM> was an
+exception with an eight pct drop.
+    The figures represented a slight recovery for the industry
+from weak mid-February sales, but the eight domestic-based car
+manufacturers still saw sales fall 9.1 pct for the full month
+from last year.
+    GM, whose sales have been weakening for several months,
+took only 48.1 pct of domestic car sales in the February 21-28
+period compared with 55.7 pct a year ago, when sales for the
+entire industry were depressed from the ending of major
+marketing incentive campaigns.
+    At the same time, rival Ford Motor Co &lt;F> said its car
+sales in the period rose 29.3 pct and Chrysler Corp &lt;C> was up
+11.3 pct.
+    The industry leader's slide was even more marked for the
+full month as GM took only 37 pct of all car sales in February,
+including imports, compared with 43.5 pct a year ago.
+    Industry analysts said the 198,818 domestic-make cars sold
+in the seven selling days of late February represented a
+seasonally adjusted annualized rate of 7.0 mln units while the
+556,953 sold in the month were at a 7.4 mln annual rate.
+    Last year, the industry sold a record 11.44 mln new cars,
+including 8.2 mln domestic makes. But consumers have taken a
+breather since then and car sales sales have been weaker in
+1987 due to tax-induced heavy buying in December, a lack of
+widespread sales incentives and intermitent bad weather,
+analysts said.
+    GM sales vice-president C.N. "Bud" Moore said in a
+statement that his company's sales "began their recovery from
+the low point reached in January, and we expect the improvement
+to continue in coming months."
+    Anne Knight, automotive analyst for Paine Webber and Co,
+told Reuters that GM's sales were weak, but added: "I think
+sales will get better in the spring."
+    "GM may make more production cuts in view of the weak
+sales, but this may be a strike year so they might try to build
+inventories," she said.
+    In a further effort to revive sales, GM said its
+Oldsmobile, Pontiac and Buick divisions would offer many of
+their new car lines through April 30 with discount loan
+packages at rates ranging from 3.9 pct for 24-month contracts
+to 9.9 pct for 60-month deals as an alternative to cash
+rebates.
+    Among the smaller U.S.-based manufacturers, Japanese-owned
+American Honda &lt;HMC> said its late February car sales rose 96.2
+pct from last year while Japanese-owned Nissan &lt;NSANY> was up
+35.9 pct.
+    German-owned Volkswagen of America fell 42.5 pct, American
+Motors Corp &lt;AMO> plunged 62.5 pct and Japan's Toyota &lt;TOYOY>
+sold 1,082 domestic makes compared with none a year ago before
+it started domestic production.
+    Detroit's late February truck sales were generally positive
+with GM up 10.9 pct, Ford up 48 pct, Chrysler gaining 46 pct
+and AMC's jeep sales off 4.0 pct.
+    Imported cars sales, released monthly, were estimated at
+219,300 in February, a 0.4 pct rise from last year and 28.3 pct
+of the overall car market. That was lower than January's 31.4
+pct share but above the 26.3 pct share a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18273" NEWID="1855">
+<DATE> 4-MAR-1987 17:36:08.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0963&#31;reute
+f f BC-******PIEDMONT-AVIATI   03-04 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PIEDMONT AVIATION RECESSES MEETING WITHOUT TAKING ACTION ON MERGER PROPOSALS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18274" NEWID="1856">
+<DATE> 4-MAR-1987 17:38:41.71</DATE>
+<TOPICS><D>crude</D><D>gas</D><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0965&#31;reute
+r f BC-wkly-distillate   03-04 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIA SAYS DISTILLATE, GAS STOCKS OFF IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Distillate fuel stocks held in
+primary storage fell by 3.4 mln barrels in the week ended Feb
+27 to 128.4 mln barrels, the Energy Information Administration
+(EIA) said.
+    In its weekly petroleum status report, the Department of
+Energy agency said gasoline stocks were off 100,000 barrels in
+the week to 251.5 mln barrels and refinery crude oil stocks
+were up 3.2 mln barrels to 333.0 mln.
+    The EIA said residual fuel stocks fell 2.2 mln barrels to
+37.9 mln barrels and crude oil stocks in the Strategic
+Petroleum Reserve (SPR) were up 700,000 barrels to 516.5 mln.
+    The total of all crude, refined product and SPR stocks were
+unchanged at 1,575.1 mln barrels, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18275" NEWID="1857">
+<DATE> 4-MAR-1987 17:38:53.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0966&#31;reute
+u f BC-KEMP-URGES-REAGAN-TO   03-04 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEMP URGES REAGAN TO OPPOSE STOCK TAX</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Rep. Jack Kemp, a New York
+Republican, urged President Reagan to oppose any legislation to
+impose a tax on stock transactions.
+    In a statement Kemp called the tax "a money grab to permit
+Democrats to begin another government spending spree."
+    "I call upon President Reagan to signal immediately that he
+will veto any tax increase on stock transfers," Kemp said. He
+added that the tax would punish the 50 million stockholders.
+    House Speaker James Wright, a Texas Democrat, has asked
+congressional tax analysts to look at a 0.25 to 0.5 pct tax on
+stock trades along with other tax proposals to help reduce the
+federal budget deficit.                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18276" NEWID="1858">
+<DATE> 4-MAR-1987 17:39:27.10</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F A RM
+&#22;&#22;&#1;f0968&#31;reute
+u f BC-CANADA-CENTRAL-BANK-H   03-04 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA CENTRAL BANK HEAD SEES MODERATE GROWTH</TITLE>
+<DATELINE>    OTTAWA, March 4 - </DATELINE><BODY>Bank of Canada Governor John Crow said he
+expects the Canadian economy will grow moderately in the coming
+year, despite the near flat growth in the final quarter of
+1986.
+    "We see moderate growth," Crow told a news conference
+following presentation of the central bank's annual report in
+the House of Commons today.
+    He said there were positive signs of growth in the economy,
+particularly the drawdown of business inventories in the fourth
+quarter. Yesterday, Statistics Canada reported gross domestic
+product expanded a slight 0.2 pct in the quarter.
+    Crow reiterated the bank's previous statements that
+inflation remains a major priority in setting monetary policy
+and said only zero inflation would be acceptable. Canada's
+inflation rate is currently hovering around the four pct mark.
+    The governor said Canada's banking system remains sound
+despite recent concern about exposure by the country's banks in
+debt plagued countries such as Brazil.
+    "It (the debt problem) is not a happy development but I
+think it can be overplayed in terms of its impact," Crow told
+reporters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18277" NEWID="1859">
+<DATE> 4-MAR-1987 17:43:51.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0979&#31;reute
+r f BC-IMPORT-TAX-LIFTED-ON   03-04 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMPORT TAX LIFTED ON CAPITAL GOODS</TITLE>
+<DATELINE>    BUENOS AIRES, March 4 - </DATELINE><BODY>Argentina's Idustry and Foreign
+Trade Secretary announced the lifting until December 1989 of
+import taxes on capital goods not produced in the country.
+    Roberto Lavagna in a news conference also said Argentina
+would create a special programme for promoting industry and was
+studying a system of temporary, automatic and generalised
+admission of goods from neighbouring Brazil.
+    Lavagna said the measures were in line with an adjustment
+in economic policy to stall a new upsurge in inflation. The
+government last week froze prices and wages and devalued the
+Austral six pct against the dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18278" NEWID="1860">
+<DATE> 4-MAR-1987 17:44:16.59</DATE>
+<TOPICS><D>acq</D><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0980&#31;reute
+u f BC-ALLIS-CHALMERS-&lt;AH>-P   03-04 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIS-CHALMERS &lt;AH> PROPOSES RESTRUCTURING</TITLE>
+<DATELINE>    MILWAUKEE, March 4 - </DATELINE><BODY>Allis-Chalmers Corp said it asked
+lenders and other groups to approve a restructuring plan that
+would cause a dilution of the company's existing common stock.
+    The company said it would sell all of its businesses other
+than the American Air Filter business, make a public financing
+of more than 100 mln dlrs and pay part of the currently
+outstanding debt with the proceeds.
+    Under the plan, which was presented to institutional
+lenders, the company's unions and the Pension Benefit Guaranty
+Corp, "substantial amounts" of institutional debt would be
+converted to common stock of the restructured company.
+    Allis-Chalmers said it will exchange existing preferred
+stock for common. The exchange of the institutional debt and
+preferred stock for common equity will cause a "resulting
+dilution of the existing common stock," Allis-Chalmers said in
+a statement.
+    Under the plan, holders of existing common would hold about
+15 pct of the restructured common stock. Holders of existing
+preferred would hold about 35 pct of the new common.
+    Allis-Chalmers said its only alternative to the plan is
+bankruptcy. The restructuring must be approved by creditors,
+common and preferred holders,and present and former employees.
+    Allis-Chalmers said a bankruptcy filing "appears to
+represent the company's only alternative if agreement upon the
+terms of the plan cannot be reached."
+    The spokesman said in response to an inquiry that he was
+not aware of any extraordinary charge against earnings that
+would result from the restructuring.
+    "It is too early to talk about a charge" because the plan
+must still be approved by the lenders and unions, he said.
+    Also under the plan, payments to Allis-Chalmers' private
+lenders would be deferred. Trade payables and obligations
+incurred in the ordinary course of business will be met.
+    Payment of health benefits for active and retired employees
+would be made "at substantially reduced levels."
+    Allis-Chalmers, once one of the leading farm equipment
+companies, sold all of its farm equipment operations to Deutz
+of West Germany for 107 mln dlrs, leaving the company with
+businesses in lift trucks, air conditioning, fluids handling
+and solid materials processing.
+    Last year, Allis-Chalmers sold the lift truck business to
+AC Material Handling Co of Columbus, Ohio.
+    Under the restructuring plan, Allis-Chalmers will sell its
+solid materials processing and fluids handling businesses.
+Solid materials processing, which makes equipment to crush
+stones for highway construction, accounted for 288 mln dlrs of
+Allis-Chalmers's total 1985 revenues of 886 mln dlrs.
+    The company will also sell its fluids handling operations,
+which makes pumps and valves. That business accounted for 196
+mln dlrs of the company's 1985 revenues.
+    Allis-Chalmers in 1986 reported a net loss of 8.6 mln dlrs,
+or 1.09 dlrs a share. In 1985, the company lost 168.4 mln dlrs,
+or 12.27 dlrs a share.
+    The company's last profit was in 1980, when it earned 52.4
+mln dlrs on sales of 2.1 billion dlrs.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18279" NEWID="1861">
+<DATE> 4-MAR-1987 17:45:24.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0982&#31;reute
+r f BC-AMVESTORS-FINANCIAL-C   03-04 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMVESTORS FINANCIAL CORP &lt;AVFC> 4TH QTR NET</TITLE>
+<DATELINE>    TOPEKA, Kansas, March 4 -
+    </DATELINE><BODY>Oper shr profit 11 cts vs loss 27 cts
+    Oper net profit 662,625 vs loss 774,002
+    Revs 43.9 mln vs 18.4 mln
+    Year
+    Oper shr profit 37 cts vs loss 37 cts
+    Oper net profit 1,487,796 vs loss 1,119,626
+    Revs 150.1 mln vs 51.7 mln
+    NOTE: 1986 4th qtr and yr oper net excludes 6,134 dlrs and
+720,500 dlrs or 20 cts per share, respectively, for realized
+investment gains.
+    1986 qtr and yr oper net also excludes 102,300 dlrs and
+257,300 dlrs, respectively, for tax loss carryforwards.
+    1985 4th qtr and yr oper net excludes realized investment
+gains of 449,920 dlrs or 15 cts per share and 897,949 dlrs or
+30 cts per share, respectively.
+    1985 4th qtr oper net also excludes a loss of 42,820 dlrs
+for carryforward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18280" NEWID="1862">
+<DATE> 4-MAR-1987 17:46:28.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0985&#31;reute
+u f BC-******PIEDMONT-AVIATI   03-04 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT &lt;PIE> TAKES NO ACTION</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., March 4 - </DATELINE><BODY>Piedmont Aviation Inc said
+its board meeting recessed today without taking action on
+proposals to combine Piedmont with other corporations.
+    Piedmont has received opposing bids from Norfolk Southern
+Corp and US Air Corp.
+    Earlier today, Trans World Airlines Inc offered to either
+buy Piedmont suitor US Air or, alternatively, to merge with
+Piedmont and U.S. Air.
+    IN a prepared statement, Piedmont said there would be no
+further announcements concerning this situation today.
+    The company declined to say when the board would meet
+again.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18281" NEWID="1863">
+<DATE> 4-MAR-1987 17:46:46.83</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0986&#31;reute
+d f BC-TRADE   03-04 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER CONCERNED ABOUT U.S. EXPORT PICTURE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said he expects imports to fall soon but he was
+concerned about the lack of improvement in U.S. exports given
+the dollar's decline in the last 18 months.
+    "I'm convinced we're about to see an improvement on the
+import side. I'm more concerned about the export side," he told
+a House Appropriations subcommittee.
+    Part of the blame goes on other countries which have not
+generated the economic growth to increase demand for U.S. goods
+and part to some U.S. companies which are not generating
+competitive exports, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18282" NEWID="1864">
+<DATE> 4-MAR-1987 17:52:15.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0997&#31;reute
+u f AM-TRW   03-04 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER TRW&lt;TRW> EMPLOYEE SAYS FIRM WAS UNETHICAL</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>A former TRW Inc controller told a
+Congressional hearing that the company had acted unethically in
+its defense contracts with the government.
+    "It is my contention that the company called TRW is not ever
+vigilant and highly ethical as a defense contractor. TRW only
+pretends to be an honest citizen when that scheme best fits
+their financial interests," Larry Eagleye said in testimony at a
+House Oversight subcommittee hearing.
+    Eagleye was a controller at TRW's compressor components
+division in Cleveland.
+    Subcommittee chairman John Dingell, D-Mich, said he did not
+understand why the Defense Department had taken no action
+against TRW even though it admitted in the 1984 report that it
+had substantially overcharged the government for military
+aircraft parts.
+    "In 1984, TRW officials admitted to the Defense Department
+Inspector General that they had evidence of two sets of books
+and other problems in one of the company's divisions in
+Cleveland and that there had been substantial overcharging of
+the federal government on various military aircraft parts,"
+Dingell said.
+    "For example, by falsifying its books and records, TRW
+inflated the price of a military engine blade by two to three
+times higher than the price of a virtually identical commercial
+engine blade," Dingell said in a statement.
+    Eagleye and two other former employees filed a suit against
+TRW last year charging the company with overcharging the
+government. The Justice Department later joined the suit.
+    "While employed by TRW and while under investigation by TRW,
+I disclosed to TRW's legal department and higher management,
+many flagrant and obvious violations of law, company policy and
+ethical conduct. None of this evidence was included in TRW's
+(1984) report to the government," he said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18283" NEWID="1865">
+<DATE> 4-MAR-1987 17:57:24.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0005&#31;reute
+u f AM-MISSILES   03-04 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTAGON DELAYS PLAN TO BUY EUROPEAN MISSILE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The U.S. Army has delayed plans to
+buy a European anti-aircraft missile to help protect U.S.
+ground forces from Soviet attack helicopters, Defense
+Department officials said.
+    The Army has been considering buying some British Rapier
+missiles or French and German Roland missiles as a stop-gap
+partial replacement this year for the flawed U.S. Sgt. York
+Division Air Defense (DIVAD) gun which was canceled in 1985.
+    Despite recent indications by the service that it intended
+to buy the missiles soon, defense officials told Reuters a
+final decision had been suspended because some Army officials
+favored a more versatile gun-missile combination.
+    The gun-missile combination would open the competition wide
+to U.S. firms.
+    "The missile option is on hold now and no decision has been
+made," said one of the Pentagon official, who asked not to be
+identified.
+    "There is some sentiment to take things more slowly and see
+if we can avoid a stop-gap system until we can come up with an
+integrated system of our own," said another official.
+    Army Lt. Col. Craig McNab said, however, that Ronald and
+Rapier "are not out of the picture by a long shot."
+    There has been strong sentiment in the Army to reject a
+missile only and to opt for a more versatile combination gun
+and missile system mounted on a tracked vehicle.
+    Such a move would throw the competition wide open to U.S.
+firms, including General Electric Co &lt;GE>, Boeing Co &lt;BA>, FMC
+Corp &lt;FMC> and Martin Marietta Corp &lt;ML>.
+    But some Pentagon officials have expressed fears that an
+"off-the-shelf" gun-missile combination could not be fielded
+quickly enough.
+     Defense Secretary Caspar Weinberger canceled the Sgt. York
+gun, made by Ford Motor Co &lt;F> Aerospace and Communications
+Corp, after the Pentagon had already spent 1.8 billion dlrs on
+the system and then decided it could not shoot down attack
+helicopters at the proper range.
+    The Army later expanded the division air defense concept,
+announcing it would divide the system into five different
+components for the 1990s at a cost of more than 10 billion
+dlrs, including a missile and gun-system combination on a
+tracked vehicle.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18284" NEWID="1866">
+<DATE> 4-MAR-1987 17:59:03.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0008&#31;reute
+u f BC-TRW-&lt;TRW>-RESPONDS-TO   03-04 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRW &lt;TRW> RESPONDS TO CHARGES BY EX-EMPLOYEE</TITLE>
+<DATELINE>    CLEVELAND, March 4 - </DATELINE><BODY>TRW Inc, responding to allegations by
+an ex-employee that it was unethical in defense contract
+dealings, said it had previously informed the government of the
+billing problems.
+    "We heard nothing of substance as far as allegations by
+former employees that were not related to findings that we had
+reported to the government of misdeeds at our compressor
+components group," a TRW spokesman said.
+     The spokesman said the company conducted an internal
+investigation and presented the findings to the government
+beginning in late 1984.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18285" NEWID="1867">
+<DATE> 4-MAR-1987 18:02:15.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0011&#31;reute
+r f BC-RECORD-HIGH-VOLUME-ON   03-04 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL BORROWING REACHES RECORD IN 1986</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>Record high borrowing of 376 billion dlrs
+in 1986 on international capital markets was supported by a
+large volume of debt refinancing and growing integration
+between national and international markets, the OECD said.
+    The Organisation for Economic Cooperation and Development
+(OECD) said in its latest Financial Market Trends report the 34
+pct rise over 1985 volume was accompanied by major changes in
+the relative importance of the instruments used in
+international financing.
+    Straight bond offerings, equity related securities and
+euro-commercial paper programmes as a share in total financing
+rose to their highest level this decade. The markets for
+floating-rate notes and for note issuance facilities declined.
+    The OECD said another striking feature of international
+capital markets in 1986 was the unprecedented concentration of
+lending to the OECD group of western industrialised countries,
+which accounted for 90 pct of total borrowing.
+    Factors behind the heightened pace of activity included a
+notable decline in interest rates which boosted borrowing
+through the flotation of fixed-interest securities.
+    This in turn was stimulated by growing familiarity with new
+techniques such as interest rate and currency swaps.
+    Stockmarket buoyancy supported the expansion of
+equity-related bond issues and favoured the expansion of a
+rapidly expanding market for euro-equities.
+    A slowdown in net demand for funds by sovereign borrowers
+was more than offset by a large volume of refinancing
+operations induced by improved market conditions and stronger
+debt management policies. Growing integration with national
+markets meant the arrival of a large number of new players on
+international markets.
+    It added the development of a smoothly-functioning market
+for short-term euro-notes made committee and non-underwritten
+issuance facilities an increasingly popular alternative to
+traditional forms of bank lending.
+    Turning to 1987, the OECD pointed to indications of a
+possible slowdown of international markets' expansion and
+possibly less easy borrowing terms in a number of market areas.
+    It said many market participants saw little scope for a
+further decline in long-term rates and anticipate a slowdown in
+the pace of fixed-rate activity in the months ahead.
+    It saw little reason for a turnaround in the decline in
+demand of recent years, although it was likely more borrowers
+would try to make use of cost-reducing opportunities provided
+by the market for euro-commercial paper.
+    "It remains to be seen however to what extent the ECP market
+will be ready to absorb a significant volume of paper from
+lower-rated borrowers," the report said, adding that any major
+advance in the euro-note market's absorptive capacity would
+require a significantly broader investor base.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18286" NEWID="1868">
+<DATE> 4-MAR-1987 18:02:51.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nymex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0013&#31;reute
+d f BC-NYMEX-OUTGOING-CHAIRM   03-04 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYMEX OUTGOING CHAIRMAN SEES MAJOR CHANGES</TITLE>
+<AUTHOR>    By Bernice Napach, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Trading in energy futures on the New
+York Mercantile Exchange will change dramatically over the next
+five to 10 years as the market matures, according to outgoing
+chairman Michel Marks.
+    "Energy futures trading is going through a tremendous
+period of transition that will last five to 10 years," Marks
+said, adding that volume will soar, international participation
+will increase, and activity of producing countries, major oil
+companies, and speculators will grow.
+    Marks steps down as chairman after an nine-year tenure when
+board elections are held March 17. He will continue as chairman
+of a long-range planning committee at NYMEX.
+    "The priority of the next 10 years is operational
+efficiency versus the last 10 years when it was new product
+development," said Marks.
+    Marks said it is imperative for NYMEX, which is running out
+of trading space, to process greater volumes expeditiously in
+order to handle the growth in volumes and new contracts that
+are already planned.
+    Marks said crude futures volume could more than double by
+the end of the decade to 250,000 contracts daily and combined
+products volume could soar to  100,000 contracts a day.
+    Much of the increased activity will come from the
+international sector, according to Marks. "That's a huge growth
+area," he said, adding that it will run the gamut from foreign
+producer countries to foreign independent operators.
+     He said it would be difficult to develop a futures
+contract based on an internationally traded crude although he
+previously said the exchange is exploring that possibility.
+    "Trying to develop a futures contract in any other crude
+besides West Texas Intermediate will be a tough task" he said.
+     Marks said it is more likely a futures contract based on
+an international product rather than an international crude
+will be developed since the products market is more diverse. He
+said previously the exchange is studying the possibility of
+developing a non-U.S. deliverable products contract.
+    Other sources of growth for U.S. energy futures are the
+major oil companies, which already trade on the NYMEX, and
+institutional funds such as investment houses, pension funds,
+and insurance companies, Marks said.
+    "The commodities markets have become financial markets and
+should pursue a partnership with financial intermediaries,"
+Marks said.
+    He said speculators will increase their share of the energy
+futures markets in the coming years from the current  share of
+about 30 pct. Hedgers, as a result, will lose some of their 70
+pct share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18287" NEWID="1869">
+<DATE> 4-MAR-1987 18:07:38.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0025&#31;reute
+d f BC-NBI-&lt;NBI>-INTRODUCES   03-04 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NBI &lt;NBI> INTRODUCES NEW PRODUCTS</TITLE>
+<DATELINE>    CHICAGO, Ill, March 4 - </DATELINE><BODY>NBI inc said it has reduced prices
+of on its 5000 series publishing workstations by 30 pct and has
+introduced a new electronic publishing workstation, a
+mini-computer and an image scanner at the Corporate Electronic
+PUblishing Systems Show.
+    All of NBI's 5000 Series are included in the new pricing
+including the Integrated workstation formerly priced at 14,490
+dlrs and the pro publisher formerly priced at 15,490 dlrs.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18288" NEWID="1870">
+<DATE> 4-MAR-1987 18:08:19.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>philippines</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0026&#31;reute
+r f BC-PHILIPPINE,-ARGENTINE   03-04 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE, ARGENTINE DEBT TALKS CONTINUE</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>The Philippines and its bank advisory
+committee completed a second day of talks on the country's
+request to reschedule 9.4 billion dlrs of debts, bankers said.
+    They declined to disclose details of the negotiations, but
+said it would be unrealistic to expect an outcome until next
+week at the earliest.
+    Talks with Argentina over 2.15 billion dlrs of new loans
+and a multi-year rescheduling also continued in New York, with
+the Citibank-led advisory committee making a counter-proposal
+to Argentina's original offer. Bankers remain hopeful that an
+agreement can be reached by the middle of the month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18289" NEWID="1871">
+<DATE> 4-MAR-1987 18:11:09.33</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0027&#31;reute
+h f BC-HOUSE-TRADE-BILL-DRAF   03-04 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE TRADE BILL DRAFTING POSTPONED</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The House Ways and Means trade
+subcommittee postponed until next week its opening session to
+start drafting major changes to U.S. trade laws, a committee
+aide said.
+    The subcommittee had not yet completed the preparatory work
+to start writing the legislation, the aide said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18290" NEWID="1872">
+<DATE> 4-MAR-1987 18:16:31.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0035&#31;reute
+d f BC-&lt;LUMONICS-INC>-YEAR-L   03-04 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;LUMONICS INC> YEAR LOSS</TITLE>
+<DATELINE>    KANATA, Ontario, March 4 -
+    </DATELINE><BODY>Oper shr loss 20 cts vs profit 66 cts
+    Oper net loss 1,995,000 vs profit 5,820,000
+    Revs 65.2 mln vs 53.0 mln
+    Avg shrs 9,891,000 vs 8,811,000
+    Note: 1986 loss excludes extraordinary loss of 2,413,000
+dlrs or 25 cts shr including corporate reorganization,
+discontinuing of U.S. operations and inventory writedown of
+U.S. subsidiaries vs yr-ago loss of 3,140,000 dlrs or 36 cts
+shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18291" NEWID="1873">
+<DATE> 4-MAR-1987 18:16:34.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0036&#31;reute
+s f BC-HCC-INDUSTRIES-&lt;HCCI>   03-04 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HCC INDUSTRIES &lt;HCCI> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    ENCINO, Calif., March 4 -
+    </DATELINE><BODY>Qtly div three cts vs three cts
+    Pay March 27
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18292" NEWID="1874">
+<DATE> 4-MAR-1987 18:24:24.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0047&#31;reute
+r f BC-REGAL-&lt;RGL>,-BELL-PET   03-04 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGAL &lt;RGL>, BELL PETROLEUM IN REORGANIZATION</TITLE>
+<DATELINE>    HOUSTON, March 4 - </DATELINE><BODY>Regal International Inc said it proposed
+to submit a plan of reorganization with the U.S. Bankruptcy
+Court under which it will acquire Bell Petroleum Services INc's
+by paying out all of its creditors and issue one share for each
+shares of Bell's stock.
+    This proposal has been amended from a previously rejected
+offer of .50 Regal share for each Bell share.
+    Regal said its will pursue the acquisition without the
+support of Bell's management.
+    Bell Petroleum filed its Chapter 11 petition in November
+1986 and has not, as yet, filed a plan of reorganization but
+has only sought an order extending the exclusive order,
+according to Regal.
+    Bell Petroleum President Ed Runyan said the company is
+evaluating Regal's latest offer and evaluating other
+alternatives.
+    Runyan said Bell is meeting tomorrow with another potential
+suitor.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18293" NEWID="1875">
+<DATE> 4-MAR-1987 18:32:28.86</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0056&#31;reute
+r f BC-SOUTHLAND-&lt;SLC>-UNIT   03-04 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHLAND &lt;SLC> UNIT RAISES CRUDE PRICES</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Southland Corp's Citgo Petrleum Corp
+said it raised the contract price it will pay for all grades of
+crude oil by one dlr a barrel, effective today.
+    The increase brings Citgo's posted price for West Texas
+Intermediate to 17.00 dlrs a bbl. West Texas Sour is also now
+priced at 17.00 dlrs/bbl, and Light Louisiana South is posted
+at 17.35 dlrs/bbl.
+    On February 25 Citgo lowered its crude postings 50 cts to
+1.50 dlrs per bbl, and cut WTI one dlr to 16.00.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18294" NEWID="1876">
+<DATE> 4-MAR-1987 18:32:44.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0057&#31;reute
+r f BC-MAZDA-MOTOR-CORP-REPO   03-04 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAZDA MOTOR CORP REPORTS LOWER U.S. SALES</TITLE>
+<DATELINE>    LOS ANGELES, March 4 - </DATELINE><BODY>Mazda Motor Corp of Japan reported
+car sales in the U.S. during February of 10,049, down from
+19,448 during February last year.
+    The company said year to date car sales in the U.S. totaled
+21,092, down from 38,441 a year earlier.
+    Truck sales in the U.S. totaled 8,558 in February, down
+from 9,693 a year earlier. Year to date U.S. truck sales
+totaled 16,917, compared to 18,341 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18295" NEWID="1877">
+<DATE> 4-MAR-1987 18:36:49.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0061&#31;reute
+d f BC-&lt;WESTERN-SECURITY-BAN   03-04 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WESTERN SECURITY BANK> 4TH QTR NET</TITLE>
+<DATELINE>    TOLUCA LAKE, Calif., March 4 -
+    </DATELINE><BODY>Shr profit ten cts vs loss six cts
+    Net profit 43,000 vs loss 26,000
+    Year
+    Shr profit 46 cts vs profit 12 cts
+    Net profit 193,294 vs profit 51,029
+    Assets 44.4 mln vs 25.3 mln
+    Deposits 40.0 mln vs 21.4 mln
+    Loans 25.3 mln vs 15.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18296" NEWID="1878">
+<DATE> 4-MAR-1987 18:37:04.84</DATE>
+<TOPICS><D>crude</D><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0062&#31;reute
+u f BC-RECENT-U.S.-OIL-DEMAN   03-04 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECENT U.S. OIL DEMAND UP 2.1 PCT FROM YEAR AGO</TITLE>
+<DATELINE>    WASHINGTON, March 3 - </DATELINE><BODY>U.S. oil demand as measured by
+products supplied rose 2.1 pct in the four weeks ended February
+27 to 16.39 mln barrels per day (bpd) from 16.05 mln in the
+same period a year ago, the Energy Information Administration
+(EIA) said.
+    In its weekly petroleum status report, the Energy
+Department agency said distillate demand was down 2.1 pct in
+the period to 3.37 mln bpd from 3.44 mln a year earlier.
+    Gasoline demand averaged 6.60 mln bpd, up 2.4 pct from 6.44
+mln last year, while residual fuel demand was 1.47 mln bpd, up
+1.9 pct from 1.44 mln, the EIA said.
+    Domestic crude oil production was estimated at 8.38 mln
+bpd, down 8.7 pct from 9.18 mln a year ago, and gross daily
+crude imports (excluding those for the SPR) averaged 4.11 mln
+bpd, up 36.9 pct from three mln, the EIA said.
+    Refinery crude runs in the four weeks were 12.21 mln bpd,
+up 2.2 pct from 12 mln a year earlier, it said.
+    Year-to-date figures will not become available until March
+26 when EIA's Petroleum Supply Monthly data for January 1987
+becomes available, the agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18297" NEWID="1879">
+<DATE> 4-MAR-1987 18:39:07.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0064&#31;reute
+r f BC-SECURITIES-GROUP-FAVO   03-04 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITIES GROUP FAVORS NEW BANK POWER FREEZE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The Securities Industry Association
+endorsed legislation expected to come before the Senate Banking
+Committee tomorrow imposing a moratorium on new powers for
+commercial banks.
+    Robert Gerard, managing director of Morgan Stanley and Co,
+told reporters his group, which mainly represents investment
+banking firms, supported committee members who want the Federal
+Reserve Board to postpone action on applications by three bank
+holding companies seeking new powers.
+    "The Fed ought to hold those applications in abeyance
+pending congressional review," Gerard said.     
+    The legislation before the committee would recapitalize a
+federal desposit insurance fund for savings and loan
+associations and prohibit new nonbank banks.
+    Gerard said the securities association had no position on
+nonbank banks.
+    The association wants Congress to undertake a comprehensive
+study before changing the Glass-Steagall Act, which separates
+commercial and investment banking activities, Gerard said.
+Until the study is completed, the Fed should not act on the
+applications by Citicorp, J.P. Morgan and Co. and Bankers Trust
+New York Corp to underwrite and deal in securities, he said.   
+    The study was likely to show substantial benefits from
+continuing the separation of commercial and investment banking,
+he said.
+    Gerard said the group believes a proposal by House Speaker
+Jim Wright for a tax on securities was unjustified and would
+hurt individual investors and beneficiaries of pension funds
+that invest in securities.
+    "It may reduce the volume of activity, but the tax is a tax
+on the saver and investor," Gerard said.
+    In addition, a U.S. tax would drive business from the
+United States to other countries, he said.             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18298" NEWID="1880">
+<DATE> 4-MAR-1987 18:43:35.86</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0069&#31;reute
+u f BC-coffee-prices-drop-no   03-04 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE PRICE DROP NOT AFFECTING COLOMBIA'S DEBT</TITLE>
+<DATELINE>    Bogota, march 4 - </DATELINE><BODY>the sharp fall in international coffee
+prices will not affect colombia's external credit situation,
+finance minister cesar gaviria told reuters.
+    "our foreign debt is high, but we can pay, and I hope the
+foreign banking community will maintain its position toward us,"
+he said.
+    He said the current decline on world coffee markets was not
+totally unexpected and would have no immediate bearing on
+colombia's financial state, which he described as sound.
+    Gaviria said the decline in coffee prices could mean a loss
+of 1.5 billion dlrs in revenues for 1987.
+    The conservative party and the country's largest trade
+union called this week for the debt to be rescheduled following
+the price drop.
+    Colombia, the only major latin american country not to have
+rescheduled its external public debt, has a total foreign debt
+of 13.6 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18299" NEWID="1881">
+<DATE> 4-MAR-1987 18:44:13.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0072&#31;reute
+u f BC-GULF-STATES-&lt;GSU>-ASK   03-04 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF STATES &lt;GSU> ASKS FOR REQUIREMENT REMOVAL</TITLE>
+<DATELINE>    BEAUMONT, TExas, March 4 - </DATELINE><BODY>Gulf States Utilities Co said it
+asked the Public Utility Commission of Texas to remove a
+condition that it secure a line of credit before the emergency
+rates can be put into effect in the Texas service area.
+    The commission granted it a 39.9 mln dlrs interim rate
+increase February five, contingent upon Gulf States obtaining a
+250 mln dlr line of credit.
+    A motion for rehearing will be considered at as commission
+meeting on March 11, it said. Gulf States said it is concerned
+the credit line requirement will give potential lenders an
+advantage that would be damaging to the company.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18300" NEWID="1882">
+<DATE> 4-MAR-1987 18:48:10.60</DATE>
+<TOPICS><D>grain</D><D>cotton</D><D>rice</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0078&#31;reute
+u f BC-USDA-WOULD-SCRAP-COTT   03-04 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA WOULD SCRAP COTTON, RICE, BEAN PRICE FLOORS</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>The package of proposed farm policy
+changes that the Reagan administration sent to Congress today
+includes a provision that would eliminate minimum price support
+levels for upland cotton, rice and soybeans.
+    The package, obtained by Reuters, also includes a
+provision, outlined in advance by USDA officials, that would
+increase the annual permissible cut in the basic price support
+levels for all major crops to 10 pct from five pct.
+    Under current law, the basic support prices for upland
+cotton, rice and soybeans between 1987 and 1990 cannot be cut
+below 50 cents per lb, 6.50 dlrs per hundredweight and 4.50
+dlrs per bushel, respectively.
+    USDA's intention to propose scrapping price floors for
+cotton, rice and soybeans had not been disclosed previously.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18301" NEWID="1883">
+<DATE> 4-MAR-1987 18:49:33.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0079&#31;reute
+d f BC-GATT-SETS-UP-DISPUTE   03-04 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT SETS UP PANEL ON CANADIAN HERRING, SALMON</TITLE>
+<DATELINE>    GENEVA, March 4 - </DATELINE><BODY>The ruling GATT Council today set up a
+formal dispute panel to examine a U.S. complaint that a
+Canadian law prohibiting export of unprocessed herring and
+salmon was discriminatory.
+    David Wood, official spokesman of the General Agreement on
+Tariffs and Trade (GATT), told a news briefing the decision was
+taken after bilateral consultations failed to resolve the row.
+    U.S. Ambassador Michael Samuels charged during the Council
+debate that Canada was trying to preserve domestic jobs by
+insisting that herring and salmon be processed at home.
+    Robert White, Canada's deputy chief of delegation, replied
+the law was in line with GATT rules, and was for conservations
+reasons. But he agreed to setting up the dispute panel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18302" NEWID="1884">
+<DATE> 4-MAR-1987 18:52:10.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0081&#31;reute
+d f BC-EXCHANGE-BANK-&lt;EXCG>   03-04 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXCHANGE BANK &lt;EXCG> SEES BANK INDUSTRY SHAKEOUT</TITLE>
+<DATELINE>    NEW YORK, March 4 - </DATELINE><BODY>Opportunities for medium-sized banks to
+compete in the face of the increasing centralization of the
+financial services industry may be dwindling, according to John
+Rau, president of the Exchange National Bank of Chicago.
+    "We're going to see a continued shaking-out of the banking
+industry," Rau told Reuters after a speech to securities
+analysts and investment advisors.
+    Rau said Exchange National Bank has concentrated its
+resources on financial services for medium-sized Chicago and
+Midwest businesses, asset-based lending to middle-market
+companies, and sales and trading of financial services.    
+    "Most commercial banks depend on relatively low cost
+consumer deposits for their income. We decided to move our
+franchise into a less susceptible niche," Rau said.
+    "Nichemanship is a very difficult thing, especially in
+urban areas where inevitably banking franchises are mass-market
+oriented," Rau said. "The odds are against other banks doing
+what we have done."
+    Exchange National Bank is the principal subsidiary of The
+Exchange International Corp. With total assets of 1.9 billion
+dlrs, it is Chicago's fifth largest bank. Net income totalled
+10.2 mln dlrs or 1.10 dlrs a share in 1986, up from 7.7 mln
+dlrs or one dlr a share in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18303" NEWID="1885">
+<DATE> 4-MAR-1987 18:52:47.42</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0083&#31;reute
+r f BC-SOUTH-AFRICAN-FOREIGN   03-04 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICAN FOREIGN RESERVES UP SHARPLY</TITLE>
+<DATELINE>    JOHANNESBURG, March 4 - </DATELINE><BODY>South Africa's total gold and
+foreign assets rose by 700 mln rand in February to 6.2 billion
+rand after rising by almost one billion rand in January,
+Reserve Bank Governor Gerhard de Kock said.
+    De Kock, interviewed on state-run television, gave no
+breakdown of the reserves.
+    He also said that to curb inflation, salary increases would
+have to be below the inflation rate. The state must set an
+example by keeping wage increases below the inflation rate, he
+said.
+    Consumer prices rose by 16.1 pct in the year to January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18304" NEWID="1886">
+<DATE> 4-MAR-1987 18:53:01.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0084&#31;reute
+r f BC-WTC-INTERNATIONAL-&lt;WA   03-04 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WTC INTERNATIONAL &lt;WAF> SETS SOUTH AFRICA TRUST</TITLE>
+<DATELINE>    TORRANCE, Calif., March 4 - </DATELINE><BODY>WTC International N.V. said it
+has sold its affiliates in South Africa to an independent
+trust, created to continue the operations in that country.
+    The purchase price was about 8.4 mln dlrs, represented by a
+ten-year interest-bearing note, payable annually at 11 pct, to
+be paid by the trust out of proceeds from the South African
+operations, the company said.
+    WTC said its board concluded in view of the social,
+political and economic situatin in South Africa, it was best to
+separate the company from its interests there.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18305" NEWID="1887">
+<DATE> 4-MAR-1987 18:54:28.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0087&#31;reute
+r f PM-bolivia   03-04 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOST BOLIVIAN CENTRAL BANK EMPLOYEES RESIGN</TITLE>
+<DATELINE>    La paz, march 4 - </DATELINE><BODY>about 1,000 bolivian central bank
+employees, more than 80 per cent of the workforce, accepted
+management terms to quit today, a union leader said.
+    "none of the employees who have decided to resign from the
+institution is prepared to work again in the bank, unless many
+of the economic and social conditions improve," bank workers
+leader mario galindas told reuters.
+    The centre-right government of president victor paz
+estenssoro had approved a restructuring plan which envisaged at
+least 600 redundancies, about half the bank's workforce, in
+line with its policy of streamlining the state sector.
+    Galindas said the bank needed at least 800 employees to
+keep up its present functions.
+    The bank agreed to pay a 5,000 dollar bonus to every
+employee who resigned, as well as the legal redundancy terms of
+three months salary plus one for every year worked.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18306" NEWID="1888">
+<DATE> 4-MAR-1987 18:59:00.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>suriname</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0089&#31;reute
+d f AM-SURINAME-ECONOMY   03-04 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SURINAM GOVERNMENT TO DISCUSS ECONOMIC CRISIS</TITLE>
+<DATELINE>    PARAMARIBO, March 4 - </DATELINE><BODY>Surinam's military government opens a
+four-day congress tomorrow to discuss the country's deepening
+economic crisis, the official Surinam News Agency reported.
+    Acting Prime Minister Jules Wijdenbosch will open the
+meeting which is being attended by government officials,
+political leaders and heads of labor unions.
+    Surinam's economy has suffered a sharp downturn in recent
+months as a result of guerrilla activities led by former
+soldier Ronny Brunswijk, who is seeking to overthrow the
+government of Commander Desi Bouterse.
+    The guerrillas have forced the shutdown of most of
+Surinam's vital bauxite and aluminum industry, creating a
+foreign exchange crisis and food shortages.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18307" NEWID="1889">
+<DATE> 4-MAR-1987 19:04:16.01</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0092&#31;reute
+r f AM-COFFEE-IVORY COAST  03-04 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IVORY COAST SAYS COFFEE PRICE FALL SHORT-LIVED</TITLE>
+<AUTHOR>    By Jean-Loup Fievet, Reuters</AUTHOR>
+<DATELINE>    ABIDJAN, March 4 - </DATELINE><BODY>Ivory Coast today predicted that the
+present coffee price crash recorded after the collapse of the
+recent International Coffee Organisation (ICO) meeting in
+London would not last long.
+    Commenting on Monday's failure by producer and consumer
+nations to agree on new export quotas needed to tighten an
+oversupplied coffee market, Ivorian Agriculture Minister Denis
+Bra Kanon told reporters that traders would eventually be
+obliged to restore their positions.
+    "I am convinced the market is going to reverse by April," he
+told a news conference here at his return from the failed
+London talks.
+    Robusta coffee beans for May delivery ended the day in
+London down about 50 sterling at 1,265 sterling a tonne, the
+lowest since 1982.
+    Bra Kanon estimated at at least 535 billion CFA francs
+(1.76 billion dlrs) the overall loss in revenues earned by
+Ivory Coast from all its commodities exports this year if the
+slide on the world markets continues.
+    He disclosed that his country - the world's biggest cocoa
+producer and the third largest for coffee -- would spearhead an
+African initiative to reach a compromise formula by the end of
+next month.
+    Ivory Coast has been chosen by the Abidjan-based
+Inter-African Coffee Organisation (IACO) to speak on behalf of
+the continent's 25 producer nations at the London talks.
+    "An initiative from IACO is likely very soon," he said
+without elaborating.
+    "Following the London collapse, we have immediately embarked
+on a concertation course to avoid breaking an already fragile
+market," he said.
+    Questioned by journalists, the minister said President
+Felix Houphouet-Boigny estimated for the moment that his
+government would not be forced to reduce the price guaranteed
+by the state to Ivorian coffee-growers for the current season.
+    Last year, the West African nation announced that the
+coffee producer price would stay at 200 CFA francs (65 cents)
+per kilo.
+    Bra Kanon said that his country would strive to diversify
+its agricultural production to avoid beeing too dependent from
+world market fluctuation.
+    A communique read over the state-run television tonight
+said that during today's weekly cabinet meeting, the veteran
+Ivorian leader reaffirmed "his faith in Ivory Coast's bright
+(economic) future" despite the commodities price slide.
+    The Agriculture Minister also announced the government
+decided to earmark a sum of 7.5 billion CFA francs (24.71 mln
+dlrs) to support the country's small farmers.
+    Financially-strapped Ivory Coast, long regarded as one of
+Africa's showpiece economies, is going through difficult times
+following the sharp slump in the world price of cocoa and
+coffee.
+    Ivory Coast's real gross domestic product is expected to
+grow only one pct this year compared to five pct in 1986,
+according to a recent Finance Ministry estimate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18308" NEWID="1890">
+<DATE> 4-MAR-1987 19:06:58.91</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0097&#31;reute
+u f BC-N.Z.-CURRENT-ACCOUNT   03-04 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. CURRENT ACCOUNT DEFICIT NARROWS IN JANUARY</TITLE>
+<DATELINE>    WELLINGTON, March 5 - </DATELINE><BODY>New Zealand's current account deficit
+narrowed to 180 mln N.Z. Dlrs in January from 203 mln, revised
+from 207 mln, in December and 305 mln in January 1986, in a
+smoothed measurement, the Statistics Department said.
+    Unsmoothed figures show a deficit of 162 mln dlrs for
+January against 107 mln, revised from 75 mln for December 1986
+and 575 mln in January 1986.
+    The smoothed series -- adjusted to iron out random
+fluctuations -- shows a widening surplus on merchandise trade
+to 46 mln from a surplus of 33 mln, revised from 43 mln dlrs in
+December and a 71 mln deficit in the a year ago period.
+    Exports were 905 mln dlrs against 929 mln, revised from 971
+mln in December and 816 mln a year earlier, while imports fell
+to 858 mln from 895 mln, revised from 928 mln in December and
+888 mln in January 1986.
+    Unadjusted merchandise figures show a surplus of 53 mln
+dlrs vs 141 mln, revised from 203 mln surplus in December 1986
+and a 323 mln deficit a year earlier.
+    The deficit on invisibles on unsmoothed figures eased to
+215 mln dlrs from 248 mln, revised from 277 mln in December and
+252 mln in January 1986.
+    The smoothed deficit on invisibles fell to 226 mln from 237
+mln, revised from 250 mln in December and 234 mln in the year
+ago period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18309" NEWID="1891">
+<DATE> 4-MAR-1987 19:10:21.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0101&#31;reute
+r f BC-BUTTES-GAS-AND-OIL-&lt;B   03-04 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUTTES GAS AND OIL &lt;BGO.P> FILES BANKRUPTCY PLAN</TITLE>
+<DATELINE>    OAKLAND, Calif., March 4 - </DATELINE><BODY>Buttes Gas and Oil Co said it
+filed a plan of reorganization in a U.S. Bankruptcy court
+handling its Chapter 11 bankruptcy case.
+    The company said the plan wll provide for distribution of
+cash, promissory notes and stock among 12 classes of creditors
+and equity interests.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18310" NEWID="1892">
+<DATE> 4-MAR-1987 19:26:04.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f0105&#31;reute
+u f BC-fin-futures-outlook   03-04 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARTS SIGNAL BULLISH BREAKOUT IN DEBT FUTURES</TITLE>
+<AUTHOR>    By Brad Schade, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 4 - </DATELINE><BODY>The rally Wednesday in U.S. interest
+rate futures left the Treasury bond contract above the top of a
+three month trading range which signals a bullish chart
+breakout, financial analysts said.
+    In addition, sluggish U.S. economic data and little sign
+that the economy will pick up its pace in the near future may
+be enough to send bond futures to all-time highs, the analysts
+said.
+    "The market is paying more attention to the weakened state
+of the economy right now," said Refco analyst Mike Connery.
+    Connery said the four pct drop in January U.S. factory
+orders reinforced sentiment that first quarter economic growth
+will be slow.
+    Connery and other analysts noted that talk of a cut in the
+Lombard rate after sluggish West German industrial production
+figures also provided some support.
+    "The domestic economies of the major trading partners of
+the U.S. may deteriorate to such an extent that they will be
+forced to ease," thus paving the way for a more accomodative
+U.S. credit policy, added John Michael, analyst at First
+Options of Chicago.
+    Michael pointed out, however, that trimming the U.S. trade
+deficit -- the ultimate aim of the recent meeting of major
+industrial countries -- may not necessarily aid bond prices.
+    "The surplus (for exporters to the U.S.) is bullish for
+bonds because they (exporters) have a lot of dollars. Rather
+than translate those into their own currencies and suffer
+exchange rate risk, they buy dollar-denominated instruments,"
+Michael said.
+    Indeed, futures traders with cash bond connections said
+some of the late strength in the bond market resulted from
+buying by Japanese interests.
+    But the analysts said the heavy buying in futures occurred
+after the June bond broke above stiff resistance at 101-2/32.
+    "The breakout is pretty important," said chartist Leslie
+Keefe of Technical Data Corp of Boston. "Not only did bonds
+close above recent highs but they were also above the sideways
+pattern we've been in for the last three months."
+    Also positive on a technical basis was the fact that the
+June bond contract held chart support early near 100-4/32, and
+that the rally occurred on heavy volume, Keefe said.
+    Keefe said the next level of significant chart resistance
+will be at 101-24/32 to 101-28/32. Furthermore, "we still have
+the April (1986) highs to contend with," which in the nearby
+contract is 105-15/32.
+    Michael said the breakout projects gains to 103 in June
+T-bonds and "there is an outside chance to reach 106."
+    Keefe warned, however, that confirmation also is needed
+from other technical indicators such as relative strength
+indexes and short-term momentum indicators.
+    "Without them, sustained strength is in question," Keefe
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18311" NEWID="1893">
+<DATE> 4-MAR-1987 20:56:47.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0136&#31;reute
+u f BC-N.Z.-WRITES-OFF-MEAT   03-04 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. WRITES OFF MEAT PRICE STABILISATION DEBT</TITLE>
+<DATELINE>    WELLINGTON, March 5 - </DATELINE><BODY>New Zealand agreed with the Meat
+Producers Board to write off 1.03 billion N.Z. Dlrs of debt
+incurred on behalf of farmers under the Meat Price
+Stabilisation Scheme, Finance Minister Roger Douglas said.
+    Douglas and Agriculture Minister Colin Moyle said in a
+joint statement the agreement concludes one of the major
+refinancing arrangements announced in the July 1986 budget,
+which removed subsidies from the farming sector.
+    The write-off applies to debt occurring prior to October
+1985, when stabilisation payments for sheepmeat ceased under an
+industry restructuring which allowed private marketing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18312" NEWID="1894">
+<DATE> 4-MAR-1987 21:02:24.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0141&#31;reute
+f f BC-******PRESIDENT-REAGA   03-04 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PRESIDENT REAGAN SAYS ARMS FOR HOSTAGES WAS MISTAKE, ACCEPTS RESPONSIBILITY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18313" NEWID="1895">
+<DATE> 4-MAR-1987 21:03:14.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>nicaragua</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0143&#31;reute
+b f AM-REAGAN-2NDLD***URGENT (EMBARGOED)  03-04 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN ADMITS IRAN ARMS OPERATION A MISTAKE</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>President Reagan, fighting to regain
+public confidence in the wake of the Iran arms scandal,
+admitted tonight that the clandestine operation wound up as an
+arms-for-hostages deal and, "It was a mistake."
+    "When it came to managing the NSC (National Security
+Council) staff, let's face it, my style didn't match its
+previous track record," Reagan said in a television address to
+the American people.
+    "I have already begun correcting this," he added in his
+prepared remarks.
+    Reagan's speech, widely regarded as critical to his hopes
+of repairing his presidency, was his first detailed response to
+last week's scorching Tower commission report on the secret
+sale of arms to Iran and diversion of profits to U.S.-backed
+contra rebels in Nicaragua.
+    Reagan said he had been silent on the scandal while he
+waited for the truth to come out and admitted, "I've paid a
+price for my silence in terms of your trust and confidence."
+    He said that a few months ago, he told the American people
+he did not trade arms for hostages in the 18-month covert
+operation.
+    "My heart and my best intentions still tell me that is true,
+but the facts and the evidence tell me it is not," Reagan said.
+    "There are reasons why it happened, but no excuses. It was a
+mistake," he said.
+    Reagan again said that the original Iran initiative was to
+develop relations with those who might assume leadership in a
+post-Khomeini government.
+    "It's clear from the Board's report however that I let my
+personal concern for the hostages spill over into the
+geo-political strategy of reaching out to Iran.
+    "I asked so many questions about the hostages' welfare that
+I didn't ask enough about the specifics of the total Iran plan,"
+he said.
+    The commission, headed by former Republican Sen. John
+Tower, said Reagan's "intense compassion" for Americans being
+held by pro-Iranian groups in Lebanon had resulted in an
+unprofessional and unsatisfactory policy.
+    It portrayed 76-year old Reagan as a man who did not know
+or care much about the wide-ranging, probably illegal
+activities of his National Security Council (NSC) staff, which
+hatched the operation.
+    Reagan said he endorsed all of the Tower commission's
+recommendations about the running of the NSC, adding, "In fact,
+I'm going beyond its recommendations, so as to put the house in
+even better order."
+    He noted that he had appointed former Senate Republican
+leader Howard Baker as his new chief of staff and said he hoped
+Baker would help him forge a new partnership with Congress,
+"especially on foreign and national security policies."
+    He said his new national security adviser, Frank Carlucci,
+was rebuilding the national security staff "with proper
+management discipline."
+    Reagan said that almost half the NSC professional staff now
+consisted of new people.
+    He said that FBI Director William Webster, his new nominee
+to head the CIA, "understands the meaning of 'rule of law'".
+    Reagan also announced that Tower had agreed to serve as a
+member of his Foreign Intelligence Advisory Board, which acts
+as a watchdog on the nation's covert activities.
+    But he said that he had issued a directive barring the NSC
+staff itself from undertaking covert operations -- "No ifs,
+ands, or buts."
+    Tonight's speech was a far cry from Reagan's initial strong
+defense of his Iran policy.
+    In a televised speech last November 13, Reagan called
+charges that he ransomed hostages and undercut the U.S. war on
+terrorism "utterly false."
+    As recently as two months ago in his State of the Union
+speech, Reagan said that "serious mistakes were made" but
+defended the basic policy as one that had worthy goals.
+    By contrast, tonight's speech had an apologetic tone that
+was a marked departure from Reagan's usual upbeat, confident
+demeanor.
+    He said he took full responsibility for his own actions "and
+for those of my administration."
+    "As angry as I may be about activities undertaken without my
+knowledge, I am still accountable for those activities. As
+disappointed as I may be in some who served me, I am still the
+one who must answer to the American people for this behavior,"
+Reagan said.
+    Reagan said the message that the nation should move on had
+come from Republicans and Democrats in Congress, from allies
+around the world -- "and if we're reading the signals right,
+even from the Soviets."
+    His remark seemed to be a reference to a new Soviet
+willingness to reach an agreement on eliminating medium-range
+nuclear missiles in Europe.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18314" NEWID="1896">
+<DATE> 4-MAR-1987 21:07:54.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>israel</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0156&#31;reute
+b f BC-/REAGAN-SAYS-IRAN-POL   03-04 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAYS IRAN POLICY RECORDS IMPROPERLY KEPT</TITLE>
+<DATELINE>     WASHINGTON, March 4 - </DATELINE><BODY>President Reagan said improper
+record keeping of meetings and decisions made on the Iran arms
+initiative led to his failure to recollect whether he approved
+arms shipments by Israel before or after the fact.
+    In a televised address to the American people Reagan said
+he is still upset that no-one kept proper records -- a
+complaint made by the Tower commission.
+    The arms shipment was made in August of 1985 by Israel.
+    "I did approve it; I just can't specifically say when,"
+Reagan said.
+    Reagan added: "Rest assured, there's plenty of
+record-keeping now going on at 1600 Pennsylvania Avenue (the
+White House)."
+    The timing of Reagan's approval of the Israeli shipment is
+important because it could determine whether the sale violated
+various laws, including the Arms Export Control Act.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18315" NEWID="1897">
+<DATE> 4-MAR-1987 21:18:04.24</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0160&#31;reute
+u f BC-REAGAN'S-REMARKS-HELP   03-04 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN'S REMARKS HELP GOLD TO RECOVER IN HONG KONG</TITLE>
+<DATELINE>    HONG KONG, March 5 - </DATELINE><BODY>Gold rose by about 50 U.S. Cents an
+ounce, following a statement by President Ronald Reagan that
+the arms-for-hostages deal with Iran "was a mistake," dealers
+said.
+    Bullion rose to 409.40/90 dlrs from an initial low of
+408.90/409.40. This compares with the opening of 409.00/50 and
+New York's close of 410.00/50.
+    Dealers noted mild short-covering in the metal after some
+initial selling by local investors. Trading was fairly quiet
+this morning partly owed to the slow U.S. Dollar activities,
+they added.
+    However, Reagan's remarks had only a short-lived bullish
+impact on the gold price, which is now stabilising at 409.10/60
+dlrs, dealers said.
+    On the local market, the metal traded in a narrow range of
+3,800 and 3,805 H.K. Dlrs a tael against yesterday's 3,778
+close.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18316" NEWID="1898">
+<DATE> 4-MAR-1987 21:38:42.91</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0178&#31;reute
+u f BC-TAIWAN-ISSUES-MORE-CD   03-04 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ISSUES MORE CDS TO CURB MONEY SUPPLY GROWTH</TITLE>
+<DATELINE>    TAIPEI, March 5 - </DATELINE><BODY>The central bank has issued 7.08 billion
+dlrs worth of certificates of deposit (CDs), bringing the value
+of CD issues so far this year to 93.29 billion, a bank
+spokesman told Reuters.
+    The new CDs, with maturities of six months, one year and
+two years, carry interest rates ranging from 3.9 to 5.15 pct.
+    The issues are designed to help curb the growth of the M-1B
+money supply which has expanded along with Taiwan's foreign
+exchange reserves, the spokesman said. The reserves reached a
+record high of more than 51 billion U.S. Dlrs Wednesday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18317" NEWID="1899">
+<DATE> 4-MAR-1987 21:49:41.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0181&#31;reute
+u f BC-IRAN-REPORTS-OFFENSIV   03-04 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN REPORTS OFFENSIVE AS IRAQ THREATENS AIR RAIDS</TITLE>
+<DATELINE>    BAHRAIN, March 5 - </DATELINE><BODY>Iranian troops are fighting on two
+widely separated fronts in a new offensive in the mountains of
+Kurdistan in northern Iraq, Tehran's IRNA news agency said.
+    Baghdad war communiques made no mention of fresh fighting
+on northern or southern sectors, but a military spokesman
+threatened a resumption of air raids on Iranian towns.
+    IRNA, monitored by the BBC in London, said Iran had seized
+several strategic heights in the northern assault, which
+started on Tuesday. It said at least 2,000 Iraqi troops had
+been killed, wounded or captured. The offensive is in the Haj
+Omran area of Kurdistan, scene of fierce fighting in 1983.
+    Tehran radio reported last night that Iranian forces were
+in control of four mountain areas, bringing several Iraqi towns
+with troop concentrations within artillery range.
+    In the south, IRNA said, Iranian forces captured several
+Iraqi defence posts east of Iraq's second city, Basra, in a
+drive north along the Shatt al-Arab waterway.
+    Today is the end of a two-week-long Iraqi moratorium on air
+raids declared on condition that Iran stop attacking Iraqi
+territory and shelling its towns.
+    Iraq's war spokesman said Iran had kept up its attacks and
+had made "boasts of illusory victories."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18318" NEWID="1900">
+<DATE> 4-MAR-1987 21:59:28.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE><D>cossiga</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0185&#31;reute
+u f BC-ITALIAN-PRESIDENT-FAC   03-04 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN PRESIDENT FACES PROBLEMS CHOOSING LEADER</TITLE>
+<DATELINE>    ROME, March 5 - </DATELINE><BODY>President Francesco Cossiga meets political
+leaders to discuss how to form a new government following the
+resignation of Prime Minister Bettino Craxi.
+    Craxi's Socialist Party has said it will not serve under
+Foreign Minister Giulio Andreotti, who has been prime minister
+five times previously and whom the majority Christian
+Democratic Party has said it wants to take on the job again.
+    The Socialist Party, the second biggest in the outgoing
+five-party coalition, said it would accept only Ciriaco De
+Mita, Christian Democratic Party secretary, or the party's
+president, Arnaldo Forlani, for the job of prime minister.
+    Political sources said talks are likely to be difficult and
+could take several days due to rivalry between the two leading
+parties. In Craxi's 3-1/2 years as prime minister, the
+Christian Democrats have become increasingly irritated at being
+denied the prime minister's job. The sources said early general
+elections are likely unless agreement can be reached.
+    Cossiga is due to meet former presidents before holding
+talks with party leaders, including the opposition Communists
+and the junior coalition members -- Republicans, Liberals and
+Social Democrats.  After the consultations, Cossiga will name a
+prime minister-designate who will try to form a government.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18319" NEWID="1901">
+<DATE> 4-MAR-1987 22:05:40.43</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>ship</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0189&#31;reute
+u f BC-UNUSUALLY-DRY-WEATHER   03-04 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNUSUALLY DRY WEATHER AFFECTS CHINA'S AGRICULTURE</TITLE>
+<DATELINE>    PEKING, March 5 - </DATELINE><BODY>Abnormally warm and dry weather over most
+parts of China is seriously affecting crops, the New China News
+Agency said.
+    It said the drought has made rice planting difficult in
+eight provinces, including Guangxi, Sichuan and Hunan. Plant
+diseases and insect pests have increased in wheat-producing
+areas, it said.
+    The agency said some areas of Guangxi, Hubei, Shanxi and
+other provinces have been suffering a drought for more than
+seven months.
+    The agency said the dry weather had reduced the amount of
+water stored by more than 20 pct compared with last March,
+lowered the water level of many rivers, reduced hydroelectric
+power supplies and caused water shortages for industry and
+consumers.
+    The upper reaches of the Yangtze are at their lowest levels
+in a century, causing many ships to run aground and making
+harbour manoeuvres difficult, it said.
+    The drought has also increased the number of forest fires.
+More than 1,000 fires in southern China had destroyed 13,340
+hectares of forest by mid-February, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18320" NEWID="1902">
+<DATE> 4-MAR-1987 22:24:23.31</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>taiwan</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0197&#31;reute
+u f BC-TAIWAN-SHIPBUILDER-LO   03-04 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN SHIPBUILDER LOOKS FOR JAPANESE VENTURES</TITLE>
+<AUTHOR>    By Chen Chien-kuo, Reuters</AUTHOR>
+<DATELINE>    TAIPEI, March 5 - </DATELINE><BODY>Taiwan's state-owned China Shipbuilding
+Corp (CSBC) plans to seek joint production agreements with
+Japan and further diversify into ship repairing to try to trim
+its debts, chairman Louis Lo said.
+    He told Reuters in an interview that CSBC's first joint
+production venture, to build two hulls for &lt;Onomichi Dockyard
+Co Ltd>, was a success. Talks on similar projects have been
+held with other Japanese firms, including Mitsubishi Heavy
+Industries Co Ltd &lt;MITH.T> and Ishikawajima-Harima Heavy
+Industries Co Ltd &lt;JIMA.T>, he said.
+    Lo said CSBC delivered the hulls of two 2,200-TEU (twenty
+foot equivalent unit) container ships this year to Onomichi,
+which would complete production.
+    "We expect the successful cooperation between us and
+Onomichi will pave the way for further cooperation with other
+Japanese shipbuilders in the future," Lo said.
+    He said Japanese firms would gain from the lower cost of
+shipbuilding in Taiwan while CSBC would benefit from Japanese
+technology and marketing. This would pose a challenge to
+competitors in Europe and South Korea.
+    Lo said CSBC has made losses of about 100 mln U.S. Dlrs
+since beginning operations in 1975. Its total debt now stands
+at about 500 mln dlrs, with annual interest payments of nearly
+three mln dlrs.
+    But he said the company, which is Taiwan's largest
+shipbuilder, still has full government support and had begun
+diversifying into ship repairing and manufacture of pipes and
+other machinery.
+    "We hope we can survive and prosper through diversification,"
+he said.
+    Lo said income from ship repairing almost doubled to 20 mln
+U.S. Dlrs in the year ended June 1986 compared with the
+previous financial year. He estimated income would rise to more
+than 25 mln dlrs in 1986/87.
+    CSBC has orders to build 10 ships totalling 460,000 dead
+weight tons (dwt) this financial year, compared with 11 ships
+of 462,000 dwt in 1985/86, he said.
+    Lo said the prospects for shipbuilding were gloomy at least
+until 1991 due to overtonnage, but the outlook for ship
+repairing was bright.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18321" NEWID="1903">
+<DATE> 4-MAR-1987 22:41:47.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0208&#31;reute
+u f BC-HYUNDAI-MOTOR'S-CAR-E   03-04 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYUNDAI MOTOR'S CAR EXPORTS RISE SHARPLY</TITLE>
+<DATELINE>    SEOUL, March 5 - </DATELINE><BODY>&lt;Hyundai Motor Co> exported 49,822 cars in
+the first two months of 1987, up from 37,272 in the same period
+of last year, mainly due to booming sales in the U.S. And
+Canada, company officials said.
+    They told reporters Hyundai Motor expects to export 450,000
+cars in 1987, including 250,000 to the U.S., After a record
+total last year of 300,200, in large part due to 168,900
+initial U.S. Sales of the Pony Excel sub-compact.
+    They said the company plans to lift annual output capacity
+to 750,000 cars by end-year from 600,000 now. Net profit hit a
+record 38.3 billion won in 1986 from 28.8 billion in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18322" NEWID="1904">
+<DATE> 4-MAR-1987 22:50:14.21</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0209&#31;reute
+u f BC-CREDITORS-SEEK-SWIFT   03-04 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDITORS SEEK SWIFT RESCUE PACKAGE FOR JAPAN LINE</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>A group of creditor banks hopes to work
+out a rescue package for Japan Line Ltd &lt;JLIT.T>, one of the
+world's largest tanker operators, by the end of Japan's
+business year on March 31, a spokesman for the Industrial Bank
+of Japan Ltd &lt;IBJT.T> (IBJ) said.
+    Japan Line's cumulative debt was 68.98 billion yen at the
+end of September, which exceeded shareholders' equities and
+reserves totalling 63.40 billion.
+    In December, Japan Line asked banks to shelve repayment of
+about 124 billion yen in outstanding loans and about 153
+billion in loans to its subsidiaries.
+    Japan Line said then that the yen's steep rise and the
+world shipping recession had hit the company hard.
+    The Japanese daily Asahi Shimbun said today that IBJ and
+three other banks plan to abandon a total of 16 billion yen in
+loans to Japan Line and a group of creditor banks plans to buy
+seven billion yen of new Japan Line shares.
+    The spokesman for IBJ, Japan Line's largest creditor, said
+the package may write off part of the outstanding loans and
+will be worked out before long.
+    Commenting on the article, he said the details of the
+package have not yet been settled.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18323" NEWID="1905">
+<DATE> 4-MAR-1987 23:05:47.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0216&#31;reute
+u f BC-ARGENTINA-SEEKS-NEW-D   03-04 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA SEEKS NEW DEBT DEADLINES, OFFICIAL SAYS</TITLE>
+<DATELINE>    BUENOS AIRES, March 4 - </DATELINE><BODY>Argentina will tell its creditors
+it needs an extension of deadlines for payment of capital and
+interest on its 50 billion dlr foreign debt, Industry and
+Foreign Trade Secretary Roberto Lavagna told reporters.
+    "We, the developing countries, are going to insist on the
+application of contingency clauses, to extend deadlines for the
+payment of capital as well as interest," he said.
+    He said this could bring about what he called a possible
+automatic capitalisation of those parts of debt interest that
+could not be paid and even the elimination of a portion of the
+debt.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18324" NEWID="1906">
+<DATE> 4-MAR-1987 23:27:47.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>suharto</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0222&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-04 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - INDONESIA'S ECONOMY</TITLE>
+<AUTHOR>    By Jeremy Clift, Reuters</AUTHOR>
+<DATELINE>    JAKARTA, March 5 - </DATELINE><BODY>Indonesia heads for general elections in
+six weeks' time with its economy in the worst shape in 20
+years, economists and officials said.
+    The government expects no spillover of "people power" from
+the neighbouring Philippines to unsettle the 20-year rule of
+President Suharto, victory for whose ruling Golkar party in the
+coming parliamentary elections is assured.
+    However, Western diplomats said it is the country's
+deteriorating economic position that is the main threat to its
+stability.
+    Last year's collapse in oil prices dealt a heavy blow to
+Indonesia, halving its revenue from oil and gas exports to 6.5
+billion dlrs last year from 12.4 billion in 1985. Oil and gas
+account for 70 pct of export income.
+    The result is that in the run-up to April 23 elections,
+Suharto, far from wooing his 168 mln countrymen with pay
+increases or tax cuts, is busy slashing budget spending.
+    The government has also recently increased transport fares
+and frozen the pay of the civil service and the army for the
+second year running, despite inflation now estimated at 8.8
+pct.
+    The current account deficit rose to 4.09 billion dlrs in
+1986 from 1.8 billion in 1985, while the debt service ratio
+widened to 33.2 pct for 1987 from 25 pct in 1986.
+    Foreign debt repayments of 4.6 billion dlrs account for
+almost a third of the 1987/88 budget.
+    A recent U.S. Embassy report on the economy said 1986 gross
+domestic product growth was the lowest since the mid-1960s when
+Suharto came to power. Western economists said GDP registered
+nil growth or contracted last year after 1.9 pct growth in
+1985, and predicted only a one pct rise this year.
+    In its efforts to return to growth seen in the oil-boom
+years of the 1970s when the economy grew an average seven pct,
+the government is now relying more on foreign borrowings.
+    Indonesia has asked foreign governments to finance its
+share of new projects being built with overseas money, because
+it cannot afford even to meet local costs.
+    In the last three months Indonesia has taken out new loans
+totalling 1.55 billion dlrs, on top of its external debt of 37
+billion dlrs. Western bankers said more will be needed, and the
+country now ranks sixth among Third World debtors.
+    A 350 mln dlr commercial loan signed in Tokyo in December
+was followed in the first week of February with a 300 mln dlr
+loan from the World Bank to support the balance of payments.
+    Last month, Japan's Export-Import Bank agreed a 900 mln dlr
+loan to meet Indonesia's share of 21 World Bank projects which
+would otherwise have been scrapped or postponed. More loans are
+on the way, including two more from the World Bank worth a
+total 300 mln dlrs for roads and irrigation.
+    U.S. Ambassador Paul Wolfowitz said in a recent speech that
+economic growth remains the key to preserving Indonesia's
+fundamental stability.
+    The largest Moslem nation in the world, Indonesia has so
+far avoided some of the more extreme paths of other Moslem
+countries. But the World Bank has warned that mounting
+unemployment could start causing severe social strains unless
+it is tackled.
+    It said in its annual report on Indonesia last June that
+unless economic growth is revived, unemployment could reach
+what it termed "unacceptable levels."
+    Unemployment was officially put at 4.8 pct at the end of
+last year, but those considered underemployed number around 35
+pct.
+    What path to take appears to be a matter of some dispute
+within Suharto's government, with his Western-trained
+technocrats advocating more of the classic remedies supported
+by the international financial community.
+    But another group supports a protected economy, with more
+import substitution, the U.S. Embassy report said.
+    The government devalued the rupiah by 31 pct against the
+dollar last September to help exports and curb imports, and is
+currently working on a series of measures to further encourage
+foreign investment and boost exports outside the oil sector.
+    The direction Suharto takes could affect Indonesia's
+ability to raise new loans in the future, Western bankers say.
+    So far, despite three packages of economic measures over
+the past nine months, he has not touched key monopolies that
+are linked to businesses controlled either by his family or by
+business associates, diplomats and bankers say.
+    Diplomats and investors are now looking for action on
+monopolies and the loss-making state sector as signs that
+Suharto is serious about tackling the country's problems.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18325" NEWID="1907">
+<DATE> 5-MAR-1987 00:05:29.46</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>australia</D><D>china</D><D>egypt</D><D>iraq</D><D>japan</D><D>south-korea</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0244&#31;reute
+u f BC-AUSTRALIAN-WHEAT-EXPO   03-05 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN WHEAT EXPORTS RISE IN FEBRUARY</TITLE>
+<DATELINE>    MELBOURNE, March 5 - </DATELINE><BODY>Australian wheat shipments rose to
+1.33 mln tonnes in February from 1.01 mln in January, an
+Australian Wheat Board official said.
+    February's shipments were down on the 1.54 mln tonnes
+shipped in February 1986.
+    Cumulative shipments for the first five months of the
+October/September wheat year were 6.12 mln tonnes, as against
+6.54 mln a year earlier, the official said.
+    The major destinations in February were: China (419,196
+tonnes), Egypt (301,909), Iraq (142,055), Japan (110,261),
+South Korea (100,847) and the Soviet Union (100,056 tonnes).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18326" NEWID="1908">
+<DATE> 5-MAR-1987 00:11:33.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0250&#31;reute
+u f BC-REAGAN-SPEECH-WINS-MI   03-05 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SPEECH WINS MIXED REACTION FROM CONGRESS</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>Republicans in Congress hailed
+President Reagan's speech on the Iran arms scandal as candid
+and constructive while Democrats, who control both houses, said
+Reagan would now have to match his words with action.
+    Senate Majority Leader Robert Byrd (Democrat) of West
+Virginia said in a television interview he was heartened that
+Reagan had acknowledged some of his mistakes. "But one speech is
+not enough to rebuild trust."
+    "President Reagan told the American people what they needed
+to hear, that mistakes were made and he made them," Senate
+Republican Leader Robert Dole of Kansas said.
+    Reagan, responding to the Tower Commission report
+criticising his role in the Iran arms scandal, said for the
+first time the Iran arms policy, and not just its
+implementation, was a mistake and accepted responsibility for
+the diversion of profits to the Nicaraguan contra rebels.
+    Senator Bill Bradley (Democrat) of New Jersey said the
+administration would "remain under a cloud" until several key
+figures in the scandal, including fired National Security
+Council (NSC) aide Oliver North and his boss Adm. John
+Poindexter, have told "the whole truth."
+    Republicans and Democrats praised the appointment on Friday
+of former Senate Republican leader Howard Baker to replace
+Donald Regan as chief of staff, and the replacement of
+Poindexter with Frank Carlucci to head the NSC.
+    Assistant House Republican Leader Trent Lott of
+Mississippi, said he believed Reagan took the right measure in
+admitting mistakes without apologising for them.
+    Some House Democrats, including Speaker James Wright of
+Texas, said earlier they would delay their reaction until
+tomorrow in order to study the speech overnight and assess its
+impact.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18327" NEWID="1909">
+<DATE> 5-MAR-1987 00:24:14.44</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>japan</D><D>indonesia</D><D>qatar</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0257&#31;reute
+b f BC-OPEC-STICKING-FIRM-ON   03-05 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC STICKING FIRM ON OFFICIAL PRICES - SUBROTO</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>OPEC countries are all sticking firmly to
+official crude oil prices but the volatility of spot prices is
+likely to continue into the third quarter, Indonesian Minister
+of Mines and Energy Subroto told Reuters.
+    Subroto, attending a Pacific Energy Cooperation conference,
+blamed recent rapid spot price changes on unbalanced supply and
+demand. "If we stick to the production limitation, the third
+quarter will be in better balance."
+    He said the market is in a period of transition while the
+impact of OPEC's December agreement to cut output and fix
+prices at an average 18 dlrs a barrel is worked through.
+    Asked whether OPEC members of the Gulf Cooperation Council
+(GCC) had any concrete proposals to help Qatar sell its crude
+oil in the face of strong resistance to its official prices,
+Subroto said: "Apparently they have taken care of that."
+    "They (the GCC) meet very often among themselves. I think
+they'll help each other," he said.
+    Subroto said that as he was not a member of OPEC's Price
+Differentials Committee he did not know why the meeting had
+been postponed from its scheduled April 2 date.
+    "Maybe they find it is better not to have the meeting
+because ... Everyone is sticking to official prices," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18328" NEWID="1910">
+<DATE> 5-MAR-1987 00:41:49.90</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0270&#31;reute
+u f BC-THAI-COFFEE-EXPORTS-R   03-05 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI COFFEE EXPORTS RISE IN 1986</TITLE>
+<DATELINE>    BANGKOK, March 5 - </DATELINE><BODY>Thai coffee exports rose to 22,068
+tonnes in 1986 from 20,430 a year earlier, the Customs
+Department said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18329" NEWID="1911">
+<DATE> 5-MAR-1987 01:54:56.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-05 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - EUROYEN BOND ISSUES INCREASE</TITLE>
+<AUTHOR>    By Jeff Stearns, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>The easing of rules governing overseas use
+of the yen has caused an explosion of Euroyen bond activity but
+has failed to turn the yen into a truly international currency,
+bond managers and traders said.
+    Although yen bonds now rank second only to dollar issues in
+the Eurobond market, few foreigners are interested in keeping
+the yen they borrow and no one wants the yen bonds but the
+Japanese, they said. This lack of real yen demand through the
+freer Euroyen market is undermining the 1984 U.S. And Japanese
+accord to internationalise the yen, they said.
+    The borrowers want to take advantage of low Japanese
+interest rates but have no need for yen. They arrange primarily
+with Japanese banks to exchange yen funds into other
+currencies, mainly dollars, bond managers said. More than 85
+pct of Euroyen bond issues are swap driven, they added.
+    "The borrowers don't care which currency they use. They are
+only after attractive money," one bond trader said.
+    Issues doubled to more than 150 in 1986 from the previous
+year, boosting Euroyen offerings to more than nine pct of the
+total Eurobond market, Koichi Kimura, managing director of
+Daiwa Securities Co Ltd, said recently.
+    Traders said some of the activity stems from battles among
+Japanese and foreign securities companies and banks for the
+prestige of placing a larger share of issues. Many even resort
+to "harakiri" swaps, those with unprofitable pricing.
+    But the fever continues and the number of offerings could
+double again in 1987, said Naoki Yokoyama, manager of Nikko
+Securities Co Ltd's international capital markets operation.
+    The Euroyen bonds, once issued, are mostly picked up by
+Japanese trust banks, one trader said. After a 90 day waiting
+period the bonds flow back to Japan where investor appetite is
+strong, he added.
+    Foreign investors are reluctant to invest in yen when more
+attractive yields are offered on dollar and other currency
+investments, traders said.
+    "Even aggressive foreign investors have stopped investing
+(in yen)," said Masaki Shimazu, manager of Daiwa's bond
+department.
+    While few foreigners are interested in the secondary
+market, Japanese commercial banks, regional banks, life
+insurers and other financial institutions are eager to buy the
+bonds and await their flow back to Japan since they offer
+little currency risk, traders said.
+    The Finance Ministry last April shortened the waiting
+period before issues could flow back to Japan to 90 days from
+180. A ministry official said it verified through sampling that
+reflow was fairly small.
+    "We believe the Euroyen bond should remain mainly in the
+Euroyen market," he said.
+    One trader said that although demand from Japanese
+investors is heavy, it may prove to be only short-term. He said
+many investors plan to sell their bonds if Japanese or U.S.
+Interest rates decline further.
+    To encourage further international use of the yen, the
+ministry is considering allowing the issue of Euroyen
+commercial paper, the official said, adding that it is studying
+demand from potential borrowers.
+    Securities company sources believe the ministry will permit
+non-residents to issue Euroyen commercial paper within the next
+few months. But they expect it to continue to ban domestic
+participation in the market for some time to come. Japanese
+banks object to the short-term paper market which they see
+encroaching on their business territory.
+    Traders said Euroyen commercial paper could spur more
+demand overseas for the yen by allowing opportunities to shift
+into shorter-term securities if need be.
+    "Commercial paper might encourage fewer swaps," one bond
+manager said. If more financial instruments were available,
+there might be more trades in yen, he added.
+    Euroyen bonds must now carry a five-year maturity, though
+some recent issues which are callable in three years work as if
+they had shorter maturities, traders said.
+    The ministry is expected to allow four-year Euroyen bond
+maturities within a few months.
+    One yen bond manager said Japanese financial authorities
+are giving up a lot of their control in liberalising the rules
+governing international transactions of the yen. But freer use
+of the yen could encourage more trade settlements in the
+Japanese currency, he said. "If exporters or importers can raise
+funds in yen, they will be more willing to agree to using the
+Japanese yen as a settlement currency," he added.
+    The Finance Ministry official said the government must
+constantly consider ways to improve markets for the benefit of
+borrowers and investors. "No major market can keep its status
+without change," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18330" NEWID="1912">
+<DATE> 5-MAR-1987 02:14:48.70</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0303&#31;reute
+u f BC-SOUTH-KOREAN-MONEY-SU   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREAN MONEY SUPPLY RISES IN FEBRUARY</TITLE>
+<DATELINE>    SEOUL, March 5 - </DATELINE><BODY>South Korea's M-2 money supply rose 0.39
+pct to 33,992.0 billion won in February from 33,858.4 billion
+in January, when it fell a revised 0.04 pct from December,
+provisional Bank of Korea figures show.
+    The February figure was up 18.89 pct from a year earlier.
+    M-1 money supply rose 4.13 pct to 8,492.1 billion won in
+February from January, when it fell 7.82 pct from December. The
+February figure marked a year-on-year rise of 18.45 pct.
+    The bank previously said M-2 fell 0.06 pct in January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18331" NEWID="1913">
+<DATE> 5-MAR-1987 02:26:10.77</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0315&#31;reute
+u f BC-PAKISTAN'S-FOREIGN-EX   03-05 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN'S FOREIGN EXCHANGE RESERVES FALL</TITLE>
+<DATELINE>    KARACHI, March 5 - </DATELINE><BODY>Pakistan's foreign exchange reserves
+fell to 8.43 billion rupees in February from 8.96 billion in
+January, compared with 12.97 billion in February 1986, the
+State Bank of Pakistan said.
+    The bank gave no reason for the fall but local bankers said
+big import bills had affected the reserves.
+    The Federal Bureau of Statistics has not yet released last
+month's import and export figures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18332" NEWID="1914">
+<DATE> 5-MAR-1987 02:27:29.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0316&#31;reute
+u f BC-AUSTRIA-DECIDES-EARLY   03-05 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRIA DECIDES EARLY REDEMPTION OF SAMURAI BOND</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>Austria has decided to redeem six years
+early a 20 billion yen, 12-year, 8.5 pct samurai bond due on
+August 18, 1993, Daiwa Securities Co Ltd said as lead manager.
+    It will redeem 18.4 billion yen at 103.00 and the rest at
+par this August 18 under an annual redemption obligation,
+probably because of declining yen interest rates, Daiwa said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18333" NEWID="1915">
+<DATE> 5-MAR-1987 02:38:59.25</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0321&#31;reute
+u f BC-THAILAND-REDUCES-MAIN   03-05 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAILAND REDUCES MAIN RICE CROP PROJECTION</TITLE>
+<DATELINE>    BANGKOK, March 5 - </DATELINE><BODY>Thailand's main paddy crop is expected
+to fall to 15.4 mln tonnes in the 1986/87 (Nov/Oct) season from
+a previous 15.68 mln estimate in November and an actual 17.35
+mln a year ago, the Thai Rice Mills Association said.
+    It said a joint field survey late last month by the
+association, the Commerce Ministry and the Bank of Thailand
+indicated that paddy output in Thailand's northeast region is
+lower than expected because of a drought in several provinces.
+    The association said rice growing areas in Nakhon
+Ratchasima, Chaiyaphum, Khon Kaen and Mahasarakam were
+especially affected by low rainfalls in the second half of
+1986.
+    It said last November that the drought reduced total
+national areas sown with paddy to some 8.25 mln hectares this
+year, down from 8.84 mln a year ago.
+    The main crop represents about 85 pct of Thailand's paddy
+output.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18334" NEWID="1916">
+<DATE> 5-MAR-1987 02:47:50.01</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0328&#31;reute
+u f BC-N.-ZEALAND-MARKETS-PR   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N. ZEALAND MARKETS PREPARE FOR TRADING BANK STRIKE</TITLE>
+<DATELINE>    WELLINGTON, March 5 - </DATELINE><BODY>New Zealand clearing house &lt;DataBank
+Systems Ltd> said it will know tomorrow what services it will
+be able to provide during a strike by bank officers against
+trading banks and DataBank set for March 9 and 10.
+    Trading banks polled by Reuters said their ability to offer
+money market services during the strike depends on whether
+Databank remains open, and whether the banks have enough staff
+to process transactions.
+    A spokesman for the New Zealand Foreign Exchange
+Association said dealers would be able to trade during the
+strike.
+    But the spokesman added that from March 6 to 10 the value
+date of currency transactions will be March 16.
+    Trading bank spokesmen told Reuters they will try to honour
+transactions in which an offshore party sought payment on March
+9 or 10, but they could not guarantee settlement.
+    The Futures Exchange said trading members and their clients
+will be able to continue trading provided they have made
+suitable financial arrangements.
+    The trading banks affected are the &lt;Bank of New Zealand>,
+Australia and New Zealand Banking Group Ltd &lt;ANZA.S>, Westpac
+Banking Corp &lt;WSTP.S> and &lt;National Bank of New Zealand Ltd>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18335" NEWID="1917">
+<DATE> 5-MAR-1987 03:29:57.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0363&#31;reute
+u f BC-HOECHST-GROUP-PRE-TAX   03-05 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOECHST GROUP PRE-TAX PROFIT FALLS IN 1986</TITLE>
+<DATELINE>    FRANKFURT, March 5 - </DATELINE><BODY>Hoechst AG &lt;HFAG.F> said its group
+pre-tax profit in 1986 would be slightly lower than the 3.16
+billion marks posted in 1985, while parent company pre-tax
+profits rose slightly from the 1.62 billion in 1985.
+    Group turnover fell slightly to 38 billion marks from 42.72
+billion in 1985, and parent company turnover fell to around 14
+billion marks from 15.35 billion, the company said in a
+statement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18336" NEWID="1918">
+<DATE> 5-MAR-1987 03:30:04.68</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0364&#31;reute
+u f BC-BHP-TO-FLOAT-GOLD-UNI   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BHP TO FLOAT GOLD UNIT WITH ONE-FOR-THREE ISSUE</TITLE>
+<DATELINE>    MELBOURNE, March 5 - </DATELINE><BODY>The Broken Hill Pty Co Ltd &lt;BRKN.S>
+(BHP) said it plans a renounceable one-for-three issue of
+rights to float a new company, &lt;BHP Gold Mines Ltd> (BHPGM),
+which will hold most of BHP's gold interests.
+    In a statement BHP said the 25-cent par rights would be
+priced at 50 cents for 430 mln of the BHPGM shares on offer.
+BHP will subscribe for the remaining 540 mln shares, or 56 pct
+of issued capital, on the same terms.
+    BHPGM will pay 440 mln dlrs for BHP's gold interests,
+excluding its stake in Papua New Guinea's &lt;Ok Tedi Mining Ltd>
+and those interests held by BHP's &lt;Utah International Inc>.
+    The BHP statement said the issue will be made to
+shareholders registered on March 27. It opens April 4 and
+closes April 29, and is underwritten by &lt;J.B. Were and Son>.
+Rights will be traded on Australian stock exchanges from March
+23 to April 22, and the new shares will be quoted from June 4.
+    BHP said the new company will be one of Australia's larger
+gold producers, with annual output exceeding 170,000 ounces. It
+said there are plans to boost production to 300,000 ounces by
+the early 1990s. BHPGM's portfolio will include several
+Australian mines -- 30 pct of Telfer, 100 pct of Ora Banda and
+Browns Creek and 20 pct of the new Boddington development.
+    The statement said BHPGM would also hold BHP's 45 pct stake
+in the Coronation Hill Property in the Northern Territory, and
+its 55 pct stake in a new venture near Gympie, Queensland.
+    BHPGM chairman-designate John Gough said it was a quality
+gold stock.
+    "The diversity and depth of BHP Gold's portfolio ... Give
+the company a sound foundation in current gold production and
+an exciting potential for growth," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18337" NEWID="1919">
+<DATE> 5-MAR-1987 03:41:48.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0380&#31;reute
+u f BC-HK-BANK-EXPECTED-TO-P   03-05 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HK BANK EXPECTED TO POST 10 TO 13 PCT PROFIT RISE</TITLE>
+<AUTHOR>    By Allan Ng, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, March 5 - </DATELINE><BODY>The Hongkong and Shanghai Banking Corp
+&lt;HKBH.HK> is likely to show a rise in profit of between 10 and
+13 pct for 1986, reflecting stronger than expected loan growth,
+share analysts polled by Reuters said.
+    Their estimates of the bank's net earnings for last year
+ranged from 2.99 to 3.1 billion H.K. Dlrs. Results will be
+announced on Tuesday. The 1985 net profit was 2.72 billion.
+    They forecast a final dividend of 29 cents for a total of
+42 cents for the year against 38 cents in 1985, adjusted for a
+one-for-five bonus issue.
+    Analysts said they expected the bank to recommend a bonus
+issue this year, probably one for three or one for five.
+    The bank's 61.5 pct subsidiary Hang Seng Bank Ltd &lt;HSGH.HK>
+is to report its 1986 results on Friday.
+    Analysts expect Hang Seng to announce net profit of more
+than one billion dlrs for the first time, an increase of 10 to
+12 pct.
+    They expect Hang Seng to pay a final dividend of 1.37 dlrs
+for a total of 1.75 dlrs for the year against 1.60 in 1985.
+    Analysts said that while the use of undisclosed inner
+reserves by banks here makes forecasting very imprecise,
+Hongkong Bank benefited from the unexpected strength of the
+Hong Kong economy in 1986, when gross domestic product grew by
+nearly nine pct against an initial forecast of 4.5 pct.
+    "They benefited considerably from the pickup in loan demand,
+as their loan portfolio is well balanced," an analyst at Mansion
+House Securities (F.E.) Ltd said.
+    Government figures show that total loans and advances rose
+by 13.8 pct in 1986, compared with a 4.5 pct increase in 1985.
+    Loans to finance Hong Kong's visible trade, the mainstay of
+the local economy, rose by 15.1 pct against a decline of five
+pct in 1985.
+    Low interest rates also helped the bank. Interest received
+on loans was low, with the prime rate at 6.5 pct at end-1986,
+but interest paid on savings was two pct. Hongkong Bank and
+Hang Seng Bank control half of all deposits in the banking
+system, giving them access to a large base of low-cost funds.
+    The strength of the real-estate market was another major
+income source for the bank group. Loans to finance property
+development and instalment mortgages rose sharply.
+    "The Hongkong Bank group is still the leader in mortgage
+business despite tough competition from the Bank of China group
+and other foreign banks," one analyst said.
+    The high level of activity on the capital and equities
+markets in 1986 contributed to a sharp improvement in Hongkong
+Bank subsidiaries Wardley Ltd &lt;WAIA.HK> and &lt;James Capel and
+Co>, analysts said. "Wardley had a tremendous year acting as
+financial adviser and underwriter," an analyst said.
+    Wardley was underwriter for last year's billion-dlr
+flotation of &lt;Cathay Pacific Airways Ltd>, of which Hongkong
+Bank owned 30 pct at the time.
+    The bank's stake has since been cut to 16.4 pct in return
+for 1.57 billion dlrs. It also sold its entire 48.8 pct stake
+in &lt;South China Morning Post Ltd>, the larger of two
+English-language daily newspapers here, for 1.18 billion dlrs.
+    The proceeds will go to reserves for acquisitions and will
+not show up in the profit and loss accounts, analysts said.
+    Analysts said the bank had also been helped by a reduced
+need to write off bad debts. "The need for provisions was much
+lower than the year before," said Tony Measor of Hong Leong
+Securities Co Ltd. "Last year's profits should have been 2.8 to
+2.9 billion dlrs if not for the huge provisions."
+    Former Hongkong Bank chairman Michael Sandberg said the
+bank wrote off hundreds of millions of dollars against its
+shipping exposure in 1985. Lesley Nickolds of County Securities
+Asia Ltd said she saw no major shipping writeoffs in 1986. She
+forecast profit of 2.99 billion dlrs.
+    The bank's Latin American exposure, mainly through its
+51-pct owned Marine Midland Banks Inc &lt;MM>, appears to have
+improved substantially, analysts said. Marine Midland's 1986
+fourth-quarter loan-loss provisions fell to 44.1 mln U.S. Dlrs
+from 89.2 mln a year before. Its 1986 net profit rose to 145
+mln U.S. Dlrs from 125 mln in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18338" NEWID="1920">
+<DATE> 5-MAR-1987 04:00:18.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0403&#31;reute
+u f BC-HUGHES-TOOL-DIRECTORS   03-05 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES TOOL DIRECTORS REJECT MERGER WITH BAKER</TITLE>
+<DATELINE>    HOUSTON, Texas, March 5 - </DATELINE><BODY>The directors of Hughes Tool Co
+&lt;HT> said they would recommend to shareholders that they reject
+a merger with Baker International Corp &lt;BKO> today.
+    Hughes vice-president Ike Kerridge said the recommendation
+would be put to shareholders at a meeting scheduled for 10 A.M.
+Local time (1600 GMT) to discuss the proposed merger.
+    Kerridge said the board met yesterday to discuss the merger
+but decided against it.
+    The Hughes board objected to a U.S. Department of Justice
+requirement that Baker sell off several specialised
+subsidiaries in businesses related to oil-drilling.
+    The Hughes board last week indicated that it might cancel
+the merger because of the Department of Justice requirement.
+    The board of directors of the California-based Baker had
+approved the merger. On February 17 Baker said it had signed an
+agreement to sell one of the subsidiaries.
+    The companies had been given until April 22 to comply with
+the Justice Department requirement, Kerridge said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18339" NEWID="1921">
+<DATE> 5-MAR-1987 04:02:38.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0405&#31;reute
+b f BC-BANK-OF-JAPAN-TO-SELL   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 500 BILLION IN BILLS</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>The Bank of Japan will sell tomorrow 500
+billion yen of financing bills it holds to help absorb a
+projected money market surplus, money market traders said.
+    Of the total, 300 billion yen will yield 3.9989 pct on the
+sales from money houses to banks and securities houses in
+27-day repurchase agreement, due April 2.
+    The remaining 200 billion yen will yield 3.9994 pct in a
+39-day repurchase pact maturing on April 14, they said.
+    The repurchase agreement yields compare with the 4.0625 pct
+one-month commercial bill discount rate today and the 4.50/43
+pct rate on one-month certificates of deposit.
+    Tomorrow's surplus in the money market is estimated at 420
+billion yen, mainly due to payment of national annuities, money
+traders said. The operation will put the outstanding bill
+supply at about 1,300 yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18340" NEWID="1922">
+<DATE> 5-MAR-1987 04:12:40.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0417&#31;reute
+b f BC-MCDONALDS-LAUNCHES-75   03-05 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONALDS LAUNCHES 75 MLN AUS DLR EUROBOND</TITLE>
+<DATELINE>    FRANKFURT, March 5 - </DATELINE><BODY>McDonalds Corp is raising 75 mln
+Australian dollars through a 14-5/8 pct bullet eurobond priced
+at 101-1/4 and maturing November 5, 1991, lead manager
+Bayerische Vereinsbank AG said.
+    Investors will pay for the bond on May 5, 1987 and the bond
+pays annual interest on November 5, beginning in 1988. There
+will be a 1-3/8 point fee for selling and 5/8 for management
+and underwriting combined. Listing is in Luxembourg.
+    Denominations are 1,000 and 5,000 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18341" NEWID="1923">
+<DATE> 5-MAR-1987 04:23:03.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0430&#31;reute
+u f BC-GUNZE-SANGYO-SETS-25   03-05 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUNZE SANGYO SETS 25 MLN SWISS FRANC NOTES ISSUE</TITLE>
+<DATELINE>    ZURICH, March 5 - </DATELINE><BODY>Gunze Sangyo Inc of Tokyo is launching a
+25 mln Swiss franc convertible notes issue due May 31, 1992
+with a coupon indication of 1-5/8 pct, lead manager Swiss
+Volksbank said.
+    Conditions will be set on March 11 and payment date is
+March 30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18342" NEWID="1924">
+<DATE> 5-MAR-1987 04:34:52.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0436&#31;reute
+u f BC-CANON-INC-(CANN.T)-YE   03-05 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANON INC (CANN.T) YEAR ENDED DECMEBER 31</TITLE>
+<DATELINE>    TOKYO, March 5 -
+    </DATELINE><BODY>Group shr 18.34 yen vs 58.72
+    Net 10.73 billion yen vs 37.06 billion
+    Pretax 27.76 billion yen vs 84.78 billion
+    Operating 30.06 billion yen vs 88.81 billion
+    Sales 889.22 billion vs 955.78 billion
+    Note - The company attributed the profit fall largely to
+the yen's appreciation during the period. Domestic sales rose
+0.4 pct to 274.17 billion yen from a year earlier while exports
+declined 9.9 pct to 615.04 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18343" NEWID="1925">
+<DATE> 5-MAR-1987 04:36:18.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0438&#31;reute
+b f BC-OESTERREICHISCHE-DRAU   03-05 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OESTERREICHISCHE DRAUKRAFTWERKE SETS SFR BOND</TITLE>
+<DATELINE>    ZURICH, March 5 - </DATELINE><BODY>Oesterreichische Draukraftwerke AG of
+Klagenfurt is launching a 100 mln Swiss franc 4-3/4 pct 10-year
+bond priced at 100-1/4 pct, lead manager Swiss Bank Corp said.
+    The issue is guaranteed by the Austrian state.
+Subscriptions close March 20.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18344" NEWID="1926">
+<DATE> 5-MAR-1987 04:38:38.75</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0445&#31;reute
+u f BC-NEW-CURRENCY-PROBLEM   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW CURRENCY PROBLEM SEEN AMONG U.S, EUROPE, JAPAN</TITLE>
+<AUTHOR>    By Eric Hall, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>The highly visible drama involving the
+yen's sharp rise against the U.S. Dollar is obscuring the fact
+that the Japanese currency has hardly budged against major
+European currencies, thus creating a new set of exchange rate
+distortions, Japanese and European research officials said.
+    The officials, looking beneath the rhetoric of statements
+by the Group of Five (G-5) industrial nations, told Reuters the
+currency movements of the past two years are also creating a
+fundamentally new world trade picture, which is throwing up new
+trade tensions and imbalances.
+    Trade figures show that the new currency alignments are
+already changing the Japan-U.S. Trade axis into a Japan-
+European Community (EC) axis, to the discomfort of Europe.
+    In many ways, not least in terms of rare international
+cooperation, the September, 1985 New York Plaza pact between
+the U.S., Japan, West Germany, Britain and France to cut down
+the value of the dollar was a historic one.
+    But it is the underlying peaks and troughs of the major
+currency movements which lay bare the real picture, in which
+the Plaza pact appears as an event of prime importance, but not
+necessarily central significance, the officials said.
+    The officials said that when the Plaza agreement took
+place, the dollar was already on its way down. The agreement
+simply helped it on its way. Senior EC financial expert in
+Tokyo Tomas de Hora has watched the movements closely.
+    "You have to look at the dollar's peak compared with now,
+and that was well before Plaza," he said.
+    On February 25, 1985, the dollar peaked against the yen at
+263.15 yen. On September 20, the Friday before Plaza, it was
+242. Since then, despite massive Bank of Japan intervention and
+periodic market frights about further G-5 concerted action, the
+dollar trend has been down, down, down.
+    Yet the ECU is now around 173.4 yen. The historical cross
+rates for sterling and the mark tell much the same story. The
+European currencies are moving back up against the yen.
+    The close relationship between exchange rates and trade
+flows makes it difficult to see which is driving which, but
+undoubtedly the trade equation between the big three is
+changing. In 1986, Japanese imports and exports with the EC
+both grew by around 50 pct in dollar terms, five pct in yen.
+This gave Japan a 16 billion dlr trade surplus.
+    Last January, Japanese exports to the EC totalled half of
+of sales to the U.S, against about a third in recent years.
+    Trade with the U.S in 1986 rose 23 pct for exports and 12
+pct for imports in dollar terms, but fell 13 pct for exports
+and 21 pct for imports in yen terms.
+    "The basic meaning for Europe is that Japanese firms have a
+tremendous interest in exporting to Europe, where every unit
+sold maximises profits in yen terms, which is what is important
+to them. Suddenly, instead of the U.S., It is Europe that is
+laying the golden egg," said de Hora.
+    The EC is worried. EC business also had a remarkable year
+in Japanese sales, but this can be explained partly due to its
+start from a small base, compared with total Japan-U.S. Trade.
+    The Japanese think EC firms are now more competitive than
+U.S. Firms, a factor which is aggravating the exchange rate
+imbalance, and which will cause problems.
+    "This currency alignment between Japan and the EC is
+reflecting the excellent performance of the EC countries. But
+therefore, Japanese goods may keep their price competitive
+edge," said Azusa Hayashi, Director of the First International
+Economic Affairs Division of the Foreign Ministry. "If you want
+my objective view, I don't expect a drastic improvement in our
+trade imbalance. Last year, we asked for moderation in exports,
+and this year we may have to do so again," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18345" NEWID="1927">
+<DATE> 5-MAR-1987 04:40:55.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>hawke</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0450&#31;reute
+b f BC-HAWKE-SEES-FOUR-BILLI   03-05 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKE SEES FOUR BILLION DLR BUDGET DEFICIT</TITLE>
+<DATELINE>    CANBERRA, March 5 - </DATELINE><BODY>Australian Prime Minister Bob Hawke and
+Treasurer Paul Keating said the government's 1986/87 Budget
+deficit could hit four billion dlrs against the official
+forecast of 3.5 billion.
+    Hawke told a Sydney radio station the deficit "may turn out
+at four billion." He and Keating last week warned that the
+budget deficit was running above target and vowed sharp
+decisions on spending in a May 14 economic statement.
+    A four billion dollar Budget deficit would be in line with
+private economists' forecasts and compares with a 1985/86
+shortfall of 5.73 billion dlrs.
+    Hawke said the 1986/87 deficit would be equal to 1.5 pct of
+forecast Gross Domestic Product against five pct when he took
+office during the 1982/83 year.
+    "In money terms (the deficit has been reduced) from the 9.6
+billion dlrs that we inherited ... Down to about 3.6 billion,
+it may turn out at four billion dlrs," Hawke said.
+    In a separate interview Keating said: "The deficit for this
+year, projected, was 3.5 billion .... It is in fact running ...
+Over four billion and we will be trying to bring that in close
+to target."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18346" NEWID="1928">
+<DATE> 5-MAR-1987 04:45:29.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0459&#31;reute
+b f BC-COMMONWEALTH-BANK-OF   03-05 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH BANK OF AUSTRALIA ISSUES NOVEL BOND</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The Commonwealth Bank of Australia is
+issuing a novel 100 mln Australian dlr eurobond due April 6,
+1992 paying an initial coupon of 16 pct and priced at 101 pct,
+lead manager Swiss Bank Corporation International said.
+    The coupon will then be re-fixed annually at the one-year
+Australian Treasury rate. There will also be an investor put
+option annually at par. The selling concession is 3/4 pct while
+management and underwriting combined pays 3/8 pct.
+    The non-callable bond is guaranteed by Australia and will
+be listed in Luxembourg. It is available in denominations of
+1,000 and 10,000 Australian dlrs and the payment date is April
+6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18347" NEWID="1929">
+<DATE> 5-MAR-1987 04:49:51.18</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>thailand</D><D>singapore</D><D>japan</D><D>uk</D><D>netherlands</D><D>malaysia</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0470&#31;reute
+u f BC-THAI-TIN-EXPORTS-RISE   03-05 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI TIN EXPORTS RISE IN JANUARY</TITLE>
+<DATELINE>    BANGKOK, March 5 - </DATELINE><BODY>Thailand exported 1,816 tonnes of tin
+metal in January, up from 1,731 in December and 1,330 a year
+ago, the Mineral Resources Department said.
+    It said major buyers last month were Singapore, Japan,
+Britain, the Netherlands, Malaysia and the U.S.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18348" NEWID="1930">
+<DATE> 5-MAR-1987 04:54:11.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0477&#31;reute
+u f BC-CENTRALE-DE-CREDIT-CO   03-05 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRALE DE CREDIT COOPERATIF ISSUE DETAILED</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>Caisse Centrale de Credit Cooperatif is
+launching a privately-placed 1.2 billion franc bond issue in
+three tranches of 400 mln francs and with maturities of seven,
+eight, and ten years respectively, lead-managers Credit
+Lyonnais and Banque Francaise de Credit Cooperatif said.
+    Interest on the three variable-rate tranches issued at par
+will be based on annualised money market rates (TAM) for the
+February preceeding each payment. The settlement date is March
+23 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18349" NEWID="1931">
+<DATE> 5-MAR-1987 04:54:18.56</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0478&#31;reute
+b f BC-U.K.-MONEY-MARKET-OFF   03-05 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET OFFERED EARLY ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The Bank of England said it had invited
+an early round of bill offers from the discount houses. The
+Bank forecast the shortage in the system today at around 1.15
+billion stg.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and the take-up of treasury bills will drain
+some 732 mln stg and exchequer transactions some 245 mln. In
+addition, bankers' balances below target and a rise in note
+circulation will drain a further 135 mln stg and 30 mln stg
+respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18350" NEWID="1932">
+<DATE> 5-MAR-1987 04:55:00.87</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0481&#31;reute
+u f BC-BELGOLUX-TRADE-MOVES   03-05 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGOLUX TRADE MOVES INTO SURPLUS IN 1986</TITLE>
+<DATELINE>    BRUSSELS, March 5 - </DATELINE><BODY>The Belgo-Luxembourg Economic Union
+(BLEU) moved into a narrow trade surplus of 4.7 billion francs
+in 1986 after a 140.4 billion franc deficit in 1985, figures
+given by a spokesman for the National Statistics Institute
+show.
+    He said imports fell last year to 3,061.8 billion francs
+from 3,304.1 in 1985 while exports were also lower at 3,066.6
+billion francs against 3,163.7 billion.
+    In December, the BLEU had an 11.9 billion franc trade
+surplus after a 10.9 billion franc surplus in November and a
+2.3 billion franc surplus in December 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18351" NEWID="1933">
+<DATE> 5-MAR-1987 04:55:28.49</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0482&#31;reute
+u f BC-SPAIN-RAISES-BANKS'-R   03-05 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN RAISES BANKS' RESERVE REQUIREMENT</TITLE>
+<DATELINE>    MADRID, March 5 - </DATELINE><BODY>The Bank of Spain said it raised the
+reserve requirement for banks and savings banks to 19 pct of
+deposits from 18 pct to drain excess liquidity which threatened
+money supply and inflation targets.
+    In a statement issued late last night, the central bank
+said the measure would take effect from March 13.
+    "In recent weeks, there has been excess liquidity in the
+Spanish economy which, if not controlled, would threaten the
+monetary and inflation targets set by the government," the
+statement said.
+    Banking sources said the measure would drain about 200
+billion pesetas from the system. The maximum reserve
+requirement allowed by law is 20 pct.
+    The move follows a half-point increase yesterday in the
+Bank of Spain's key overnight call money rate, which now stands
+at 13.5 pct. At today's auction, however, the bank left the
+rate unchanged.
+    Spain's principal measure of money supply, the broad-based
+liquid assets in public hands (ALP), grew at annualised rate of
+8.3 pct in January compared with 11.4 pct during the whole of
+1986 and a target of eight pct for 1987.
+    Banking sources said that although the January money supply
+figures were good, compared with annualised rates of 13.9 pct
+in December and 10.2 pct in January 1986, ALP growth appeared
+to have accelerated in February, raising government concern.
+    Regarding inflation, recent figures have suggested that
+prices were under control.
+    Secretary of State for Trade, Miguel Angel Fernandez
+Ordonez, said this week that the annualised inflation rate for
+February, not yet officially announced, fell to 5.5 pct from
+six pct in January, compared with inflation of 8.3 pct during
+1986 and a government target of five pct for this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18352" NEWID="1934">
+<DATE> 5-MAR-1987 04:57:38.89</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>india</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0489&#31;reute
+u f BC-INDIA-AND-JAPAN-TO-DI   03-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA AND JAPAN TO DISCUSS IRON ORE PRICES</TITLE>
+<DATELINE>    NEW DELHI, March 5 - </DATELINE><BODY>The state-owned Minerals and Metals
+Trading Corp will send a team to Japan next week to negotiate
+an iron ore export contract for 1987/88 beginning April 1,
+trade sources said.
+    Japan, the biggest buyer of Indian iron ore with imports of
+around 23 mln tonnes a year, has asked India to reduce prices
+from the current average of 18 dlrs a tonne, the sources said.
+    "Japan has said it may be forced to reduce ore imports from
+India next year if New Delhi fails to reduce the price," one
+source said, but declined to give further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18353" NEWID="1935">
+<DATE> 5-MAR-1987 05:02:29.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>brazil</D><D>mexico</D><D>argentina</D><D>cayman-islands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0492&#31;reute
+u f BC-JAPANESE-BANKS-SEEN-A   03-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE BANKS SEEN AGREEING DEBT RISK SCHEME</TITLE>
+<AUTHOR>    By Tsukasa Maekawa, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>Japanese creditor banks are close to a
+decision to jointly establish an offshore firm to which they
+will transfer part of their title to possibly unrecoverable
+debts owed by developing nations, international financial
+sources told Reuters.
+    Details of the deal are likely be decided next week and the
+firm set up before the end of the month, they said.
+    The scheme is intended to improve financial management at
+the banks and reduce the risk of problems in the event of debts
+turning bad, the sources said.
+    Last week's announcement by Brazil that it would
+indefinitely suspend interest payments on an estimated 68
+billion dlrs owed to commercial banks prompted Japanese
+creditors to finalise the project, the sources said.
+    Major Japanese banks have been considering a plan to avoid
+a debt crisis since the start of the year, they said.
+    There are likely to be at least 10 participating banks, and
+perhaps as many as 28, they said.
+    About 30 Japanese commercial banks have outstanding loans
+totalling over 10 billion dlrs to Brazil, accounting for about
+15 pct of all commercial loans to that country.
+    The most likely venue for the envisaged firm is the
+Caribbean tax haven of the Cayman Islands, the sources said.
+    The idea is to create a pool of funds in the firm with
+participating creditor banks holding the firm's stock.
+    The firm will then use the funds to buy from its
+stock-holding banks title to repayments of specified foreign
+loans which are potentially bad, the sources said.
+    The stock-holding banks will draw up a list of such loans.
+    Subject to the scheme would be loans extended to
+debt-ridden countries such as Mexico and Argentina, they said.
+    The financial sources said interest payments to the firm
+would not be taxed because of its location. Japanese banks have
+asked the finance ministry to increase tax breaks on loan loss
+reserves, but the ministry has not yet complied.
+    A senior ministry official welcomed the scheme and said it
+may encourage new lending to developing countries.
+    The ministry instructs banks to establish reserves for up
+to five pct of their loans to 35 financially troubled
+countries, but it only grants tax breaks on reserves accounting
+for one pct of the loans.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18354" NEWID="1936">
+<DATE> 5-MAR-1987 05:06:00.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0498&#31;reute
+u f BC-JAPANESE-MINISTRY-DEN   03-05 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE MINISTRY DENIES EXPORT QUOTA FOR DAIHATSU</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>The Ministry of International Trade and
+Industry has not yet set a car export quota for &lt;Daihatsu Motor
+Co Ltd> which is scheduled to start exports to the U.S. Later
+this year, a ministry official said.
+    Several local newspapers said the ministry had set a quota
+of about 10,000 cars.
+    Daihatsu is owned 15.1 pct by Toyota Motor Corp &lt;TOYO.T>.
+    Quotas for nine car makers, including Daihatsu, are likely
+to be set before the end of March, the official said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18355" NEWID="1937">
+<DATE> 5-MAR-1987 05:07:15.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0501&#31;reute
+u f BC-CSR-LTD-SAYS-IT-WILL   03-05 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSR LTD SAYS IT WILL SELL HEAD OFFICE BUILDINGS</TITLE>
+<DATELINE>    SYDNEY, March 5 - </DATELINE><BODY>CSR Ltd &lt;CSRA.S> said it will sell its
+head office group of five buildings in central Sydney as part
+of plans to decentralise.
+    The 2,750 square metre site will be repurchased under
+existing lease-back agreements and then sold by public tender,
+it said in a statement.
+    CSR's sugar and oil divisions have already moved to
+Brisbane and the company said it plans further moves from
+central Sydney to reduce its head office staff to about 100
+from 550.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18356" NEWID="1938">
+<DATE> 5-MAR-1987 05:09:09.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0503&#31;reute
+u f BC-IRAN-REPORTS-HEAVY-FI   03-05 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN REPORTS HEAVY FIGHTING IN IRAQI KURDISTAN</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Iran said its troops repulsed heavy Iraqi
+counter-attacks and continued their advance through the rugged
+mountains of Iraqi Kurdistan in overnight fighting on the
+northern war front.
+    Iran launched the new offensive, codenamed Karbala-7, on
+Tuesday night among the snow-capped peaks of the Haj Omran
+border area of northeast Iraq.
+    The Iranian news agency IRNA, received in London, said the
+troops "continued their successful advance ... With more thrusts
+into enemy positions."
+    It said "remnants of Iraqi Brigade 604 was shattered and 200
+of its personnel killed or wounded." One battalion of the 25th
+Division's Third Brigade thrown into counter-attacks today
+suffered 70 pct losses, the agency added. Some 208 prisoners of
+war had been taken from the front.
+    IRNA said the Iranian forces backed by heavy artillery fire
+were continuing to advance. No Iranian casualties were given.
+    The area between Haj Omran and the Kurdish town of Rawandiz
+some 65 km inside Iraq was the scene of heavy fighting in 1983.
+Iran has backed dissident Kurds in the area in attacks on
+government positions and installations in northern Iraq.
+    IRNA said the Iranian forces captured large amounts of
+munitions in the latest fighting.
+    The Iraqis have made no comment so far on the Kurdistan
+fighting, or on advances Tehran reported yesterday on the
+southern war front east of the strategic Iraqi port of Basra.
+    IRNA said today a group of its reporters visited
+newly-captured areas on the southern front and found the
+battlefield littered with the bodies of Iraqi soldiers and
+burnt military equipment.
+    They quoted an Iranian soldier, Hamid Dehqani, as saying
+heavy rainfall during the past few days "had paralysed the Iraqi
+enemy from embarking on any action" against the attacking
+Iranians.
+    IRNA referred to the "Fish Canal" -- the man-made Fish Lake
+-- made by the Iraqis as a defensive barrier on the eastern
+side of the Shatt al-Arab waterway.
+    The agency yesterday said infantry and armour of the
+Revolutionary Guards had captured strong defences west of the
+canal in bitter fighting with Iraqi troops.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18357" NEWID="1939">
+<DATE> 5-MAR-1987 05:10:20.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0507&#31;reute
+f f BC-Rank-Organisation-say   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Rank Organisation says it launching 100 mln stg commercial paper program
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18358" NEWID="1940">
+<DATE> 5-MAR-1987 05:10:46.27</DATE>
+<TOPICS><D>reserves</D><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0509&#31;reute
+u f BC-TAIWAN-FOREIGN-EXCHAN   03-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN FOREIGN EXCHANGE RESERVES HIT NEW HIGH</TITLE>
+<DATELINE>    TAIPEI, March 5 - </DATELINE><BODY>Taiwan's foreign exchange reserves hit a
+new high of more than 51 billion U.S. Dlrs on March 4, compared
+with 50 billion in mid-February and 25.1 billion a year
+earlier, the central bank said.
+    Bank governor Chang Chi-Cheng told reporters the increase
+came mainly from the bank's purchases of more than one billion
+U.S. Dlrs on the local interbank market between February 18 and
+March 4.
+    He said the rise showed signs of slowing, however, because
+Taiwan has liberalised import policy and expects its trade
+surplus to decline over the next few months as a result.
+    Chang declined to predict how high the reserves might rise,
+but local economists have forecast they will hit 60 billion
+U.S. Dlrs by the end of 1987.
+    In January, Taiwan reduced import tariffs of up to 50 pct
+on some 1,700 foreign products. It had been under growing U.S.
+Pressure to cut its 1986 record 13.6 billion dlr trade surplus
+with the U.S. Taiwan's 1985 surplus with the U.S. Was 10.2
+billion, according to official statistics.
+    Wang Chang-Ming, Vice Chairman of the Council for Economic
+Planning and Development, told Reuters the government is
+planning another round of deep tariff cuts in the second half
+of this year.
+    The reserves could support imports of more than two years
+for Taiwan, compared with about three months for Japan and the
+U.S.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18359" NEWID="1941">
+<DATE> 5-MAR-1987 05:11:37.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0513&#31;reute
+u f BC-MITSUI-AND-CO-TO-ISSU   03-05 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUI AND CO TO ISSUE EURODOLLAR WARRANT BONDS</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>Mitsui and Co Ltd said it plans to issue
+300 mln Eurodollar warrant bonds in two tranches with payment
+on March 30 through a syndicate led by Nomura International
+Ltd.
+    One tranche is of five-year, 150 mln dlr bonds while the
+rest is of seven-year, 150 mln dlr bonds, but other issue terms
+have not yet been decided.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18360" NEWID="1942">
+<DATE> 5-MAR-1987 05:12:22.62</DATE>
+<TOPICS><D>silver</D><D>gold</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0514&#31;reute
+u f BC-BELGIAN-ECU-COIN-ISSU   03-05 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN ECU COIN ISSUE PRICED, SALE DATE SET</TITLE>
+<DATELINE>    BRUSSELS, March 5 - </DATELINE><BODY>A limited Belgian issue of silver Ecu
+coins with a face value of five Ecus will go on sale from March
+23 at a price of 500 Belgian francs each, a Finance Ministry
+spokesman said.
+    Gold Ecu coins with a face value of 50 Ecus will be sold
+from the same day. The spokesman told Reuters the price for
+these would be fixed just before they go on sale but was likely
+to be between 8,500 and 9,000 francs.
+    At least two mln silver coins and several hundreds of
+thousands of the gold coins will be minted, he said. They will
+be sold both in Belgium and abroad.
+    The coins will be the first ever denominated in the Ecu,
+the "basket" comprised of the 12-nation European Community's
+currencies except the Spanish peseta and the Portuguese escudo.
+    The issue is being made to mark the 30th anniversary of the
+EC's founding Treaty of Rome this month. Finance Minister Mark
+Eyskens, who currently presides over the EC's council of
+economic and finance ministers, has called the issue a
+political act of symbolic value which aimed to make the
+Community's goal of monetary integration more concrete.
+    The coins will be legal tender in Belgium but most demand
+is expected to come from coin collectors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18361" NEWID="1943">
+<DATE> 5-MAR-1987 05:13:47.37</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0519&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-05 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 17 MLN STG EARLY HELP</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The Bank of England said it provided just
+17 mln stg assistance to the money market in response to an
+early round of bill offers.
+    Earlier, the Bank had estimated the shortage in the system
+today at around 1.15 billion stg.
+    The central bank purchased bills for resale to the market
+on April 2 at an interest rate of 10-15/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18362" NEWID="1944">
+<DATE> 5-MAR-1987 05:13:53.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0520&#31;reute
+u f BC-BANK-OF-COMMUNICATION   03-05 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF COMMUNICATIONS PLANS 200 MLN H.K. DLR CD</TITLE>
+<DATELINE>    HONG KONG, March 5 - </DATELINE><BODY>The Chinese state-owned Bank of
+Communications Ltd Hong Kong branch is planning a 200 mln H.K.
+Dlr certificate of deposit issue, banking sources said.
+    They said the five year issue, which matures March 23,
+1992, carries a 7.05 pct coupon payable quarterly. Management
+fee is 10 basis points. Payment date is March 23.
+    China Development Finance Co (H.K.) Ltd, a Bank of China
+unit, is lead manager of the issue. A group is now being
+formed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18363" NEWID="1945">
+<DATE> 5-MAR-1987 05:15:57.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0522&#31;reute
+b f BC-RANK-ORGANISATION-HAS   03-05 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RANK ORGANISATION HAS 100 MLN STG CP PROGRAM</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The Rank Organisation Plc said it has
+appointed County Natwest Capital Markets Ltd, Samuel Montagu
+and Co Ltd and Swiss Bank Corporation International as dealers
+in a 100 mln stg commercial paper program.
+    The notes will be issued in any maturity of between seven
+and 364 days and the funds will be used for the company's
+general financing requirements.
+    Arranger for the facility is County Natwest Capital Markets
+Ltd while National Westminster Bank Plc will act as issuing and
+paying agent, Rank added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18364" NEWID="1946">
+<DATE> 5-MAR-1987 05:16:42.46</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>france</D><D>spain</D><D>france</D><D>west-germany</D><D>italy</D><D>uk</D><D>belgium</D><D>luxembourg</D><D>netherlands</D><D>ireland</D><D>greece</D><D>denmark</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0525&#31;reute
+b f BC-FIRS-SLIGHTLY-RAISES   03-05 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRS SLIGHTLY RAISES EC BEET SUGAR OUTPUT ESTIMATE</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>The French sugar market intervention
+board, FIRS, raised its estimate of 1986/87 beet sugar
+production in the 12-member European Community to 13.76 mln
+tonnes white equivalent in its end-February report from 13.74
+mln a month earlier.
+    Its forecast for total EC sugar production, including cane
+and molasses, rose to 14.10 mln tonnes from 14.09 mln.
+Portugal, which joined the Community in January 1986, was
+estimated at 12.75 mln tonnes white equivalent, unchanged from
+the previous forecast and compared with 12.41 mln tonnes for
+1985/86.
+    Production for the current campaign in Spain was higher
+than reported last month at 1.03 mln tonnes compared with
+997,000 tonnes.
+    Beet sugar production, expressed as white equivalent, was
+estimated at 3.44 mln tonnes in France, 3.17 mln tonnes in West
+Germany, 1.72 mln in Italy, 1.30 mln in Britain, 1.22 mln in
+the Netherlands, 936,000 tonnes in Belgium/Luxembourg, 499,000
+in Denmark, 287,000 in Greece, 183,000 in Ireland and 4,000 in
+Portugal.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18365" NEWID="1947">
+<DATE> 5-MAR-1987 05:21:48.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0537&#31;reute
+u f BC-BANK-OF-CEYLON-TO-ADO   03-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF CEYLON TO ADOPT NEW POLICIES</TITLE>
+<DATELINE>    COLOMBO, March 5 - </DATELINE><BODY>Sri Lanka's largest bank, the
+government-owned Bank of Ceylon, plans to adopt a more
+aggressive and selective interest rate policy to reduce excess
+liquidity, estimated at some 500 mln rupees, and enlarge the
+country's export manufacturing base, the bank's new chairman
+Nimal Sandaratne told Reuters in an interview.
+    The bank aims to reduce terms for prime customers and is
+holding talks with the Export Development Board on details to
+be announced later, he said.
+    Sandaratne was head of research at the Central Bank of
+Ceylon, the nation's central bank, until January.
+    A Swiss-based non-governmental group, which Sandaratne
+declined to identify, has agreed in principal to guarantee
+export credits, he said, but refused to elaborate further.
+    The bank may also consider more actively participating in
+the foreign exchange markets in light of its substantial
+non-resident foreign currency holdings of about 473 mln rupees,
+or about 70 pct of the total market, he said.
+    Sandaratne said the bank may sell 60 pct of its shares in
+its wholly-owned subsidiary, Merchant Bank of Sri Lanka Ltd.
+    The Asian Development Bank and a foreign bank operating
+here have already expressed interests in acquiring a stake in
+MBSL, Sandaratne said.
+    He tentatively estimated the Bank of Ceylon's net profits
+for calendar 1986 at 163 mln rupees up from 133 mln the
+previous year. The increase was eroded by increased provisions
+for bad debts, he said. About 50 mln was written off and 17 mln
+allotted for general provisions, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18366" NEWID="1948">
+<DATE> 5-MAR-1987 05:22:01.37</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>papua-new-guinea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0539&#31;reute
+u f BC-PAPUA-NEW-GUINEA-PLAN   03-05 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPUA NEW GUINEA PLANS RESOURCES INVESTMENT AGENCY</TITLE>
+<DATELINE>    PORT MORESBY, March 5 - </DATELINE><BODY>The Papua New Guinea Government
+will establish a public corporation to invest in resources
+projects, Minerals and Energy Minister John Kaputin said.
+    "We intend to provide a means through which less privileged
+individuals can become part owners and beneficiaries from the
+development of mining and petroleum projects," he told
+Parliament.
+    Existing policy allowing the state up to 30 pct equity in
+major mining projects and 22.5 pct in oil and gas projects
+would be maintained, he said. The planned agency could take
+over the state's equity in current developments.
+    Kaputin said Papua New Guinea was experiencing a boom with
+exploration companies spending about 60 mln kina annually on
+about 150 mining and 23 petroleum projects.
+    "The Government is determined to ensure that Papua New
+Guinean ownership in minerals and petroleum projects increases
+in an orderly way," he said.
+    Kaputin did not say when the corporation would be
+established or exactly what form it would take, but said the
+government would study whether it should be directly involved
+in exploration or development.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18367" NEWID="1949">
+<DATE> 5-MAR-1987 05:40:25.29</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0562&#31;reute
+u f BC-NIGERIAN-CURRENCY-FIR   03-05 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIAN CURRENCY FIRMS AT LATEST AUCTION</TITLE>
+<DATELINE>    LAGOS, March 5 - </DATELINE><BODY>The Nigerian naira firmed 2.6 pct against
+the dollar after 17 banks were disqualified from bidding at
+today's weekly foreign exchange auction, the central bank said.
+The naira finished at 3.8050 to the dollar, against 3.9050 last
+week.
+    Only 38.39 mln dlrs of the 50 mln dlrs on offer was sold,
+with all 27 bidding banks successfully obtaining hard currency.
+    The effective rate, including a central bank levy, for
+transactions in the coming week, was 3.8241 against 3.9246 last
+week.
+    The failure to sell the whole allocation was due to the
+central bank's unprecedented disqualification of 17 banks as
+punishment for inadequate documentation in previous
+transactions.
+    Banks are required to submit proof that their bids are
+based on valid commercial transactions and the central bank has
+complained in the past that many are failing to produce the
+right paperwork within the specified time.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18368" NEWID="1950">
+<DATE> 5-MAR-1987 05:41:23.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>cayman-islands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0563&#31;reute
+b f BC-CANADA-ZERO-ISSUES-CA   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA ZERO ISSUES CANADIAN DLR ZERO COUPON BOND</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Canada Zero, a sole purpose company
+incorporated in the Cayman Islands, is issuing a zero coupon
+eurobond with a total redemption amount of 150 mln Canadian
+dlrs, lead manager CIBC Ltd said.
+    The issue matures on May 1, 2001 and is priced at 30 pct.
+It is secured with Canadian government bonds. The selling
+concession is 3/4 while management and underwriting each pay
+1/4 pct. The payment date is April 30. Listing is in
+Luxembourg.
+    A CIBC spokesmn said the issue yields 49 basis points over
+equivalent Canadian Treasury bonds. It is available in
+denominations of 5,000 and 100,000 Canadian dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18369" NEWID="1951">
+<DATE> 5-MAR-1987 05:44:34.81</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0566&#31;reute
+u f BC-U.S.-TELLS-JAPAN-TO-D   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TELLS JAPAN TO DO MORE TO CUT TRADE SURPLUS</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>U.S. Undersecretary of State for Economic
+Affairs Allen Wallis said he had urged Japan to do much more to
+reduce its large trade surplus with the United States.
+    "Our central message to Japan this week was that while we
+have made progress in some areas, much needs to be done," he
+told a press conference after three days of talks.
+    "What we need is a resolution of trade issues, we need
+visible efforts to restructure the economy to encourage more
+imports and we need greater domestic-led growth."
+    Forecasting sluggish economic growth in Japan this year,
+Wallis urged Tokyo to stimulate domestic demand to help reduce
+its trade surplus, which hit a record 83 billion dlrs in 1986.
+    He named several areas of particular concern to Washington
+-- computer microchips, supercomputers, Kansai airport,
+agricultural products and car telephones.
+    He warned that the U.S./Japan agreement governing trade in
+semiconductors was in jeopardy. Despite the pact, Japanese
+producers are still dumping microchips in foreign markets other
+than the United States while U.S. Penetration of the Japanese
+market has not increased, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18370" NEWID="1952">
+<DATE> 5-MAR-1987 05:57:25.21</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0581&#31;reute
+u f BC-TAIWAN-BUYS-60,000-TO   03-05 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN BUYS 60,000 TONNES OF U.S. MAIZE</TITLE>
+<DATELINE>    TAIPEI, March 5 - </DATELINE><BODY>The joint committee of Taiwan's maize
+importers has awarded contracts to two U.S. Companies to supply
+two shipments of maize, totalling 60,000 tonnes, a committee
+spokesman told Reuters.
+    Continental Grain Co of New York received the first 30,000
+tonne cargo contract, priced at 93.86 U.S. Dlrs per tonne,
+while Peavey Co of Minneapolis won the second shipment, also
+30,000 tonnes, at 93.36 dlrs per tonne.
+    Both shipments are c and f Taiwan and are set before March
+16, the spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18371" NEWID="1953">
+<DATE> 5-MAR-1987 05:58:33.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0583&#31;reute
+f f BC-BANK-OF-FRANCE-SELLS   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF FRANCE SELLS 11.05 BILLION FRANCS OF TREASURY TAP STOCK - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18372" NEWID="1954">
+<DATE> 5-MAR-1987 06:02:28.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0588&#31;reute
+r f BC-JAPAN'S-CHAMBER-OF-CO   03-05 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S CHAMBER OF COMMERCE URGES FISCAL SPENDING</TITLE>
+<DATELINE>    TOKYO, March 5 -</DATELINE><BODY>President of the Japan Chamber of Commerce
+and Industry (JCCI) Noboru Gotoh called on the Government to
+issue additional construction bonds as an emergency measure to
+stimulate domestic demand.
+    Gotoh told a press conference that increased fiscal
+spending is the only alternative to prop up the economy as
+credit conditions are easy enough, a JCCI spokesman said.
+    Japan faces serious unemployment unless more construction
+bonds, to raise cash for public works, are issued but Japan
+should continue to carry out fiscal reform programmes, Gotoh
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18373" NEWID="1955">
+<DATE> 5-MAR-1987 06:02:47.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0589&#31;reute
+u f BC-JAPANESE-CAPITAL-INVE   03-05 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE CAPITAL INVESTMENT SEEN SLUGGISH IN 1987</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>Japanese private plant and equipment
+investment will grow 0.1 pct in fiscal 1987, starting April 1,
+from 1986 due mainly to a continued slump in manufacturing
+sector spending, the Japan Development Bank said.
+    Capital spending by manufacturing industries, hit hard by
+the rise of the yen, will fall 5.6 pct, a survey said.
+    Planned investment by non-manufacturing firms will grow
+four pct as industries like leasing and transport that have
+benefitted from the yen's rise will remain robust, it said.
+    The 0.1 pct overall increase compares to the 3.1 pct rise
+the bank projected for the current fiscal year.
+    In the manufacturing sector, iron and steel companies are
+the most pessimistic, with an estimated 18.0 pct spending cut.
+    Investment by precision machinery and textile firms will
+decline by 18 pct and 11.2 pct respectively, the survey said.
+    In the non-manufacturing sector, transport and leasing
+service industries are expected to increase their spending by
+15.7 pct and 10.6 pct, respectively.
+    The bank's survey, conducted in early February, was based
+on questionnaires from 1,738 corporations in all sectors having
+a business relationship with the bank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18374" NEWID="1956">
+<DATE> 5-MAR-1987 06:11:19.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uae</D><D>kuwait</D><D>oman</D><D>qatar</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0598&#31;reute
+r f BC-GULF-ARAB-FINANCE-MIN   03-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF ARAB FINANCE MINISTERS TO MEET IN ABU DHABI</TITLE>
+<DATELINE>    ABU DHABI, March 5 - </DATELINE><BODY>Economy and finance ministers of the
+Gulf Cooperation Council (GCC) states will meet in Abu Dhabi on
+March 17 and 18 to discuss their unified economic agreement,
+officials said.
+    The semi-official United Arab Emirates' (UAE) daily
+al-Ittihad said they would discuss two clauses, effective from
+March 1, opening up wholesale trade and industrial loans in GCC
+states to all GCC citizens.
+    The six states - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia
+and the UAE - agreed in 1981 to integrate their economies and
+eliminate barriers to the movement of people and goods.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18375" NEWID="1957">
+<DATE> 5-MAR-1987 06:13:54.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0602&#31;reute
+u f BC-JAPAN-RULING-PARTY-FI   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN RULING PARTY FIXES DATE OF BUDGET HEARING</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>Japan's ruling Liberal Democratic Party
+started moves to push through the delayed draft budget for
+1987/88 through Parliament, deepening a clash with the
+opposition which called the move rash and unforgivable.
+    In the absence of the opposition, LDP members of parliament
+decided at a meeting of the Lower House Steering Committee to
+hold a public hearing on the draft budget on March 13 and 14,
+parliamentary officials said.
+    The step came after Parliament resumed deliberations last
+Tuesday following a month-long opposition boycott over a
+controversial government-proposed sales tax plan.
+    Four opposition parties led by the Socialists have been
+delaying budget deliberations in a bid to shelve the sales tax
+on which the budget plan is based.
+    A Socialist spokesman said the opposition would again
+boycott parliament unless the LDP changed its mind.
+    Prime Minister Yasuhiro Nakasone, who has vowed to push
+through the tax reforms, told reporters: "Watching closely
+negotiations between the ruling and opposition parties, I would
+like to avoid ... Passing (the budget) singlehandedly."
+    The five pct tax, part of Nakasone's tax reform plan, is
+planned to start next January to help offset cuts in individual
+income and corporate tax.
+    The opposition objected to fixing a date for the hearing
+because the LDP could technically stop deliberations on the
+budget and ram it through the budget committee and then a Lower
+House plenary session, political analysts said.
+    The four opposition parties called the LDP move "an
+unforgivable, rash act" and said they would fight to scrap the
+sales tax.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18376" NEWID="1958">
+<DATE> 5-MAR-1987 06:16:57.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0605&#31;reute
+b f BC-BANK-OF-FRANCE-SELLS   03-05 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE SELLS TAP STOCK</TITLE>
+<DATELINE>    PARIS, March 4 - </DATELINE><BODY>The Bank of France said it sold a total of
+11.05 billion francs of Treasury tap stock in an issue of two
+fixed-rate tranches and one variable rate tranche.
+    It sold 8.25 billion francs of 8.50 pct June 1997 tap stock
+at a top accepted price of 96.30 pct, giving an average yield
+of 8.72 pct. Demand totalled 18.45 billion francs at prices
+between 94.70 and 97.10 pct.
+    The Bank also sold 1.8 billion francs worth of 8.50 pct
+December 2012 tap stock at a top accepted price of 93.60 pct.
+    Demand totalled 5.25 billion francs and the average yield
+was 9.13 pct.
+    In addition, it sold one billion francs worth of floating
+rate 1999 tap stock at a top accepted price of 96.90 pct, on
+total demand of five billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18377" NEWID="1959">
+<DATE> 5-MAR-1987 06:20:44.59</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0615&#31;reute
+u f BC-GERMAN-ECONOMIC-OUTLO   03-05 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN ECONOMIC OUTLOOK SEEN FAIRLY BRIGHT</TITLE>
+<DATELINE>    KIEL, West Germany, March 5 - </DATELINE><BODY>The outlook for the West
+German economy is relatively bright, with gross national
+product expected to expand by three pct this year, Kiel
+University's Institute for World Economy said.
+    The GNP forecast by the institute, one of five leading
+economic research bodies in West Germany, is more optimistic
+than that of the other institutes, some of which have recently
+reduced their GNP forecasts to between two and 2.5 pct.
+    In a report the Kiel institute said West Germany's export
+outlook has not deteriorated fundamentally despite the mark's
+strength against the dollar and other major currencies.
+    "The danger that exports will slump in 1987 appears, all in
+all, limited," the report said. "On the contrary, a slight rise
+in exports can be expected."
+    The institute said past experience has shown West German
+exporters will move to counterbalance currency factors by
+cutting costs, trying to penetrate new markets and adjusting
+their product ranges.
+    They will be aided in 1987 by an expected slight rise in
+economic growth in industrial countries. At the same time, the
+decline in exports to oil producing countries looks set to slow
+this year.
+    West German GNP growth in 1987 will be led by renewed
+advances in domestic consumption and investment spending, both
+of which will in turn be buoyed by an expansionary monetary
+policy, the institute said.
+    However, it said the labour market would see only a slight
+improvement because companies will be reluctant to hire
+additional workers due to higher labour costs caused partly by
+agreed reductions in working hours.
+    The institute cautioned that the expansionary stance of
+monetary policy in West Germany was likely to bring a marked
+acceleration of inflation.
+    It also warned that what it called the worldwide
+synchronization of monetary policy heightened the risk of a new
+global recession. It said central banks in industrialized
+countries, including the Bundesbank, had followed the Federal
+Reserve Board's expansionary course.
+    The institute said this in turn was bound to lead
+eventually to a rise in worldwide inflation and a shift in U.S.
+Policy towards a more restrictive policy. Other central banks
+were likely to follow suit, causing a recession that could
+aggravate the debt crisis of developing countries as well as
+increase protectionism around the world.
+    Although Germany cannot entirely shield itself from the
+negative effects of the global synchronization of monetary
+policy, it should do all it can to strengthen the forces of
+growth at home.
+    The institute said this could be done by ensuring that
+fiscal policy fosters a willingness to work and invest. Taxes
+should be cut by a greater amount than currently planned, and
+wage increases in 1987 and 1988 should be markedly lower than
+in 1986. It also said the Bundesbank should reduce inflationary
+pressures by cutting the current rate of growth in money supply
+to about four pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18378" NEWID="1960">
+<DATE> 5-MAR-1987 06:22:29.71</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C T
+&#22;&#22;&#1;f0620&#31;reute
+u f BC-CREDITOR-BANKS-MAY-BU   03-05 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDITOR BANKS MAY BUY INTO SINGAPORE COFFEE FIRM</TITLE>
+<DATELINE>    SINGAPORE, March 5 - </DATELINE><BODY>The nine creditor banks of the
+Singapore coffee trader &lt;Teck Hock and Co (Pte) Ltd> are
+thinking of buying a controlling stake in the company
+themselves, a creditor bank official said.
+    Since last December the banks have been allowing the
+company to postpone loan repayments while they try to find an
+overseas commodity company to make an offer for the firm.
+    At least one company has expressed interest and
+negotiations are not yet over, banking sources said.
+    However, the banks are now prepared to consider taking the
+stake if they find an investor willing to inject six to seven
+mln dlrs in the company but not take control, the banking
+sources said.
+    Teck Hock's financial adviser, Singapore International
+Merchant Bankers Ltd (SIMBL), will work on the new proposal
+with the creditor banks, they said.
+    Major holdings are likely to be held by the two largest
+creditor banks, Standard Chartered Bank &lt;STCH.L> and
+Oversea-Chinese Banking Corp Ltd &lt;OCBM.SI>, they added.
+    Teck Hock owes over 100 mln Singapore dlrs and the creditor
+banks earlier this week agreed to let Teck Hock fufill
+profitable contracts to help balance earlier losses.
+    The nine banks are Oversea-Chinese Banking Corp Ltd, United
+Overseas Bank Ltd &lt;UOBM.SI>, &lt;Banque Paribas>, &lt;Bangkok Bank
+Ltd,> &lt;Citibank NA>, Standard Chartered Bank Ltd, Algemene Bank
+Nederland NV &lt;ABNN.AS>, Banque Nationale De Paris &lt;BNPP.PA> and
+&lt;Chase Manhattan Bank NA.>
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18379" NEWID="1961">
+<DATE> 5-MAR-1987 06:33:12.37</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0636&#31;reute
+f f BC-U.K.-4TH-QTR-TRADE-DE   03-05 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. 4TH QTR TRADE DEFICIT 2.6 BILLION STG, CURRENT ACCOUNT DEFICIT 760 MLN - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18380" NEWID="1962">
+<DATE> 5-MAR-1987 06:42:23.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0643&#31;reute
+u f BC-STRONG-EARTHQUAKE-REP   03-05 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRONG EARTHQUAKE REPORTED IN NORTHERN CHILE</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>A strong earthquake measuring an estimated
+8.0 on the open-ended Richter scale hit northern Chile around
+0936, the Meteorological Agency here reported.
+    The agency said the information had been received from
+Honolulu.
+    It gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18381" NEWID="1963">
+<DATE> 5-MAR-1987 06:46:59.63</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>poland</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0644&#31;reute
+r f BC-ECONOMIC-SPOTLIGHT--   03-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - POLISH SANCTIONS</TITLE>
+<AUTHOR>    By Irena Czekierska, Reuters</AUTHOR>
+<DATELINE>    WARSAW, March 5 - </DATELINE><BODY>Poland says U.S. Sanctions have cost its
+economy 15 billion dlrs and has made clear it wants Washington
+to take a lead in repairing the damage after lifting remaining
+restrictions two weeks ago.
+    Polish officials are unable to provide a precise breakdown
+of the figure, saying it takes into account a number of
+hypothetical losses. Some of them are "too sophisticated to
+convert into financial terms," one banking source said.
+    But Western economic experts say the effect of sanctions is
+impossible to calculate.
+    They say it is blurred by the poor performance of Poland's
+economy, and dismiss the 15 billion dlr figure as illusory.
+    "Sanctions have provided a very useful excuse for under-
+achieving. They did have a bad effect, yes, but they only
+contributed to largely internal, economic problems," one said.
+    The U.S. Imposed the measures and withdrew Most Favoured
+Nation (MFN) trading status from Poland in 1982 in retaliation
+for suppression of the Solidarity free trade union under
+martial law. The estimated cost to the Polish economy was
+originally devised several years ago by the Institute of
+National Economy, an offshoot of the central planning
+commission.
+    According to one Western envoy, an expert on Polish
+economic affairs, it extrapolated 1979 information on growth
+trends in trade with the United States, as well as increases in
+credits from Western commercial and government lenders.
+    But the calculations were based on a time when trade was
+booming and credits still flowed freely, he said, dismissing
+the estimate as "a theoretical projection based on a high point,
+which has no real scientific evaluation."
+    A foreign trade ministry official said Polish exports to
+the U.S. In the late 1970s averaged around 400 mln dlrs
+annually and had fallen by half since the sanctions were
+imposed.
+    Imports have suffered, slumping from around 800 mln dlrs to
+200 mln, as credits ran out. Poland has a dwindling trade
+surplus with the West. Last year it was one billion dlrs
+against a targeted 1.6 billion, official figures show.
+    Acknowledging that sanctions have lost Poland important
+U.S. Markets -- including agricultural equipment, textiles,
+chemicals and some foodstuffs -- Western economists say credits
+dried up for economic not political reasons.  "Poland is
+accusing the West of letting economic relations deteriorate for
+political reasons," said one expert. "It's an illusion based on a
+misunderstanding of Western economy."
+    "There's a limit to how much you can go on giving someone
+who has no hope of repaying it," another said, adding that
+Poland had benefited from a global phenomenon of easy credits
+in the 1970s which were no longer today's reality.
+    Describing the 15 billion dlr assessment as "nebulous," one
+diplomat said it also included losses of hypothetical orders
+and setbacks to Polish research through the curbing of
+scientific links and exchanges.  Western officials say the
+lifting of sanctions and new MFN status will have little impact
+on Poland, which has a hard currency debt of 33.5 billion dlrs
+and lacks the means to modernise its industry.
+    "MFN doesn't really mean anything, only that Poland will not
+be treated worse than other countries. It will be difficult to
+regain access to the U.S. Market because different forces are
+in play now," said one Western envoy.
+    He said Polish products were not competitive, and their
+quality was too low. Trade wars and possible protectionist
+measures amongst the U.S., Japan and Europe would also hamper
+Poland's efforts to regain entry.
+    Deputy foreign trade minister Janusz Kaczurba recognised
+this fact recently.
+    Kaczurba told the official PAP news agency recently, "Making
+up our lost position will take a long time and be uncommonly
+difficult, and in certain cases impossible... In a period of
+two to three years it will be possible to increase the level of
+exports by only about 100 mln dlrs."
+    While Poland is unlikely to seek compensation, it says it
+has a "moral right" to assistance from the U.S. Which it says
+imposed the sanctions illegally. But a Western economist said
+"The argument that U.S. Sanctions were a unilateral torpedoing
+of the Polish economy won't cut any ice. The Americans will
+just reply that the Poles acted immorally in crushing
+Solidarity."
+    Nevertheless, Polish National Bank head Wladyslaw Baka, in
+talks in Washington last week with the International Monetary
+Fund (IMF) and World Bank, made it clear that Poland was
+looking for a lead from the United States.
+    He was quoted by PAP as saying that Poland would meet its
+financial obligations to the United States, "but not in a short
+time and not without a cooperative stand on the part of its
+foreign economic partners."
+    He stressed that the U.S. "had a particular opportunity to
+play a part in the cooperative policy of Poland's partners
+interested in the settlement of Polish debt."
+    Putting it more sharply, one senior banking official blamed
+Washington for obstructing talks with the World Bank, IMF and
+Paris Club of Western creditor governments in recent years and
+said it should now play a more positive role.
+    "As a major superpower the United States can influence
+international organisations," he said, citing recent meetings
+aimed at stabilising currencies as an example of the extent to
+which Western nations were prepared to cooperate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18382" NEWID="1964">
+<DATE> 5-MAR-1987 06:47:04.89</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0645&#31;reute
+b f BC-U.K.-FOURTH-QUARTER-T   03-05 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. FOURTH QUARTER TRADE DEFICIT 2.6 BILLION STG</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Britain had a visible trade deficit of
+2.6 billion stg in the fourth quarter of 1986 against a revised
+deficit of 2.9 billion in the third quarter, official
+statistics show.
+    Seasonally-adjusted figures issued by the Central
+Statistical Office (CSO) show the current account was in
+deficit by 760 mln stg against an upwardly revised third
+quarter shortfall of 930 mln.
+    For 1986 as a whole, visible trade was in deficit by 8.3
+billion stg, sharply up from 1985's 2.2. Billion shortfall and
+a 4.4 billion deficit in 1984.
+    Preliminary figures for invisible transactions in the
+fourth quarter show a surplus 1.8 billion stg to give an
+estimated surplus for 1986 of 7.2 billion. The fourth quarter
+figure was in line with CSO projections released on Friday.
+    The third quarter invisibles surplus was revised down to
+1.9 billion stg from 2.25 billion.
+    In 1985 the invisibles surplus was 5.1 billion stg.
+    The reduced deficit on visible trade in the fourth quarter
+was due to an increase in the surplus on oil of 200 mln stg and
+a reduction in the non-oil trade deficit of 100 mln, the CSO
+said.
+    However, 1986's surplus on oil trade was 4.0 billion stg
+lower than in 1985, while the deficit on non-oil trade
+increased by 2.1 billion.
+    The figures were broadly in line with market expectations.
+    The CSO stressed that figures for invisible transactions,
+particularly for the most recent quarters are liable to
+substantial revisions as later information becomes available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18383" NEWID="1965">
+<DATE> 5-MAR-1987 06:47:22.79</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0646&#31;reute
+r f BC-BELGIAN-WHOLESALE-PRI   03-05 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN WHOLESALE PRICES FALL IN JANUARY</TITLE>
+<DATELINE>    BRUSSELS, March 4 - </DATELINE><BODY>Belgian wholesale prices fell by 5.9
+pct in January from a year earlier after a 5.7 pct year on year
+fall in December, figures from the economics ministry show.
+    A ministry spokesman said the wholesale price index, base
+1953 and excluding value added tax, stood at 250.9 in January.
+This compared with 251.9 in December, 265.5 in Janua~y, 1986
+and 267.2 in December, 1985.
+    In January 1986, wholesale prices were 3.9 pct lower than a
+year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18384" NEWID="1966">
+<DATE> 5-MAR-1987 06:57:21.11</DATE>
+<TOPICS><D>oilseed</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0660&#31;reute
+u f BC-CARGILL-U.K.-STRIKE-T   03-05 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARGILL U.K. STRIKE TALKS POSTPONED TILL MONDAY</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Talks set for today between management
+and unions to try to solve the labour dispute at Cargill U.K.
+Ltd's Seaforth oilseed crushing plant have been rescheduled for
+Monday, a company spokesman said.
+    Oilseed processing at the mill has been at a standstill
+since December 19.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18385" NEWID="1967">
+<DATE> 5-MAR-1987 07:04:28.19</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0666&#31;reute
+u f BC-FRENCH-INTERVENTION-R   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH INTERVENTION RATE CUT LIKELY, DEALERS SAY</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>The Bank of France is likely to cut its
+money market intervention rate by up to a quarter point at the
+start of next week.  This follows a steady decline in the call
+money rate over the past 10 days and signals from the Finance
+Ministry that the time is ripe for a fall, dealers said.
+    The call money rate peaked at just above nine pct ahead of
+the meeting of finance ministers from the Group of Five
+industrial countries and Canada on February 22, which restored
+considerable stability to foreign exchanges after several weeks
+of turbulence.
+    The call money rate dropped to around 8-3/8 pct on February
+23, the day after the Paris accord, and then edged steadily
+down to eight pct on February 27 and 7-3/4 pct on March 3,
+where it has now stabilised.
+    Dealers said the Bank of France intervened to absorb
+liquidity to hold the rate at 7-3/4 pct.
+    While call money has dropped by well over a percentage
+point, the Bank of France's money market intervention rate has
+remained unchanged since January 2, when it was raised to eight
+pct from 7-1/4 pct in a bid to stop a franc slide.
+    The seven-day repurchase rate has also been unchanged at
+8-3/4 since it was raised by a half-point on January 5.
+    The Bank of France has begun using the seven-day repurchase
+rate to set an upper indicator for money market rates, while
+using the intervention rate to set the floor.
+    Sources close to Finance Minister Edouard Balladur said
+that he would be happy to see an interest rate cut, and dealers
+said any fall in the intervention rate was most likely to come
+when the Bank of France buys first category paper next Monday,
+although an earlier cut could not be excluded.
+   A cut in the seven-day repurchase rate could come as early
+as tomorrow morning, banking sources said.
+    They said recent high interest rates have encouraged an
+acceleration in foreign funds returning to France, discouraging
+the authorities from making a hasty rate cut. But they also
+pointed out that money supply is broadly back on target, giving
+scope for a small fall in rates.
+    M-3 money supply, the government's key aggregate, finished
+1986 within the government's three to five pct growth target,
+rising 4.6 pct compared with seven pct in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18386" NEWID="1968">
+<DATE> 5-MAR-1987 07:05:18.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0669&#31;reute
+u f BC-HONG-KONG-CD-MARKET-S   03-05 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG CD MARKET SHUTS DOWN AFTER NEW ISSUE</TITLE>
+<AUTHOR>    By Allan Ng, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, March 5 - </DATELINE><BODY>The Hong Kong dollar fixed rate market
+was shut down this afternoon after a 200 mln H.K. Dlr
+certificate of deposit issue for the Chinese state-owned Bank
+of Communications Ltd Hong Kong branch suddenly surfaced,
+bankers said.
+    Disgruntled dealers said the market was slowly on the road
+to recovery after a bout of sell-off that began in early
+February but it was still too fragile to absorb a new issue.
+    Brokers said the new deal took them by surprise and all
+major players stopped making markets in existing issues.
+    The fixed rate market, which consists mainly of CDs tied to
+swaps or asset repackaging, began to fall about a month ago due
+to indigestion after 18 CD issues totalling 2.3 billion dlrs
+flooded the market in January.
+    Bankers said the shake-up was a result of participants
+pushing the market up too fast in January amid intense
+speculation that the Hong Kong dollar's 7.80 peg rate against
+the U.S. Dollar would soon be changed.
+    The speculation depressed local interest rates and
+unleashed a flood of new issues.
+    But the speculation faded in early February and interest
+rates climbed as the government remained adamant in maintaining
+the peg, thus triggering an adjustment on the fixed rate
+capital market.
+    By late February the market had recovered considerably but
+Dai-Ichi Kangyo Bank and Morgan Guaranty Trust Co of New York
+launched their issues and pushed the market down again. Since
+then there has been no new issues for nearly two weeks until
+China Development Finance Co (H.K.) Ltd (CDFC), a unit of the
+Bank of China, launched the five-year deal at 7.05 pct with
+quarterly interest payment in mid-afternoon today.
+    Brokers said the market was steady early this morning but
+began to slip marginally by late morning as rumours of a new
+issue circulated.
+    When the deal was launched the major players quickly
+suspended trading and refused to quote prices for their own
+issues, brokers said. "We just don't know where the market is
+going," said a European banker.
+    They said the Bank of Communications issue traded at a low
+of 99.70 but was later pushed up to 99.90/95, within the 10
+basis point fee, adding that buying came mainly from sister
+banks in the Bank of China group.
+    An official with one of the Chinese banks said the deal was
+launched at an effective yield of 7.26 pct, in line with the
+market at that time.
+    But a European banker said pricing was not an issue IN the
+present market conditionS, "the timing was just not right."
+    "If banks had more patience they wouldn't launch any issues
+now, and then the market would be all right," another dealer
+said.
+    "But there is no reason to be overly pessimistic," he said.
+"The effect of this issue on the market should not be as bad as
+what happened after the DKB and Morgan deals."
+    Despite the criticism bankers said CDFC still managed to
+recruit more than 10 underwriters though the composition of the
+group has not yet been finalised.
+    "Any trader should recommend his bank against joining the
+deal," said a dealer. "But there are other considerations such as
+relationship." He admitted his bank has joined as co-manager.
+    A banker said he saw no reason why the market makers
+decided to shut down if they were willing to join the new
+issue.
+    "Perhaps they were jealous that for the first time a Chinese
+entity has taken the sole lead position for a Chinese issue," he
+said.
+    Previously Chinese entities have always acted as co-lead
+managers, whether for Chinese or foreign issues.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18387" NEWID="1969">
+<DATE> 5-MAR-1987 07:16:04.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0693&#31;reute
+f f BC-******   03-05 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank says it leaves credit policies unchanged
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18388" NEWID="1970">
+<DATE> 5-MAR-1987 07:16:58.61</DATE>
+<TOPICS><D>grain</D><D>potato</D><D>wheat</D><D>barley</D><D>meal-feed</D><D>soy-meal</D><D>hog</D><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0698&#31;reute
+r f BC-U.K.-GRAIN/POTATO-FUT   03-05 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. GRAIN/POTATO FUTURES VOLUME DOWN IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Traded volumes for U.K. Grain and potato
+futures in February were down on the previous month while
+pigmeat and pig cash settlement futures were higher, official
+figures show.
+    Combined wheat and barley futures trade declined to 892,700
+tonnes from 1.19 mln in January, and the value fell to 97 mln
+stg from 129 mln, Grain and Feed Trade Association (GAFTA)
+figures show.
+    A total of 984,960 tonnes were registered for main crop
+potato futures in February valued at 157 mln stg, versus
+992,760 and 164 mln stg in January.
+    Soymeal futures trade totalled 76,340 tonnes against 90,680
+in January, and value declined to nine mln stg from 10 mln.
+    Nine pigmeat contracts were traded in February, six more
+than in the previous month, representing 450 carcases against
+150, valued at 29,347 stg against 9,847 stg.
+    Pig cash settlement futures saw 201 contracts traded,
+against 19 in January, and the value rose to 659,864 stg from
+119,610 stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18389" NEWID="1971">
+<DATE> 5-MAR-1987 07:17:06.10</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0699&#31;reute
+b f BC-BUNDESBANK-LEAVES-CRE   03-05 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK LEAVES CREDIT POLICIES UNCHANGED</TITLE>
+<DATELINE>    FRANKFURT, March 5 - </DATELINE><BODY>The Bundesbank left credit policies
+unchanged after today's regular meeting of its council, a
+spokesman said in answer to enquiries.
+    The West German discount rate remains at 3.0 pct, and the
+Lombard emergency financing rate at 5.0 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18390" NEWID="1972">
+<DATE> 5-MAR-1987 07:17:49.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0705&#31;reute
+d f BC-MITSUI-AND-CO-TO-ISSU   03-05 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUI AND CO TO ISSUE EURODOLLAR WARRANT BONDS</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>Mitsui and Co Ltd said it plans to issue
+300 mln Eurodollar warrant bonds in two tranches with payment
+on March 30 through a syndicate led by Nomura International
+Ltd.
+    One tranche is of five-year, 150 mln dlr bonds while the
+rest is of seven-year, 150 mln dlr bonds, but other issue terms
+have not yet been decided.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18391" NEWID="1973">
+<DATE> 5-MAR-1987 07:22:16.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0714&#31;reute
+r f BC-BANK-OF-JAPAN-TO-SELL   03-05 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 500 BILLION IN BILLS</TITLE>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>The Bank of Japan will sell tomorrow 500
+billion yen of financing bills it holds to help absorb a
+projected money market surplus, money market traders said.
+    Of the total, 300 billion yen will yield 3.9989 pct on the
+sales from money houses to banks and securities houses in
+27-day repurchase agreement, due April 2.
+    The remaining 200 billion yen will yield 3.9994 pct in a
+39-day repurchase pact maturing on April 14, they said.
+    The repurchase agreement yields compare with the 4.0625 pct
+one-month commercial bill discount rate today and the 4.50/43
+pct rate on one-month certificates of deposit.
+    Tomorrow's surplus in the money market is estimated at 420
+billion yen, mainly due to payment of national annuities, money
+traders said. The operation will put the outstanding bill
+supply at about 1,300 yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18392" NEWID="1974">
+<DATE> 5-MAR-1987 07:25:34.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0722&#31;reute
+u f BC-ARGENTINA-SEEKS-NEW-D   03-05 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA SEEKS NEW DEBT DEADLINES, OFFICIAL SAYS</TITLE>
+<DATELINE>    BUENOS AIRES, March 4 - </DATELINE><BODY>Argentina will tell its creditors
+it needs an extension of deadlines for payment of capital and
+interest on its 50 billion dlr foreign debt, Industry and
+Foreign Trade Secretary Roberto Lavagna told reporters.
+    "We, the developing countries, are going to insist on the
+application of contingency clauses, to extend deadlines for the
+payment of capital as well as interest," he said.
+    He said this could bring about what he called a possible
+automatic capitalisation of those parts of debt interest that
+could not be paid and even the elimination of a portion of the
+debt.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18393" NEWID="1975">
+<DATE> 5-MAR-1987 07:33:13.33</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0739&#31;reute
+u f BC-TURKEY-TO-IMPORT-100,   03-05 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY TO IMPORT 100,000 TONNES OF CRYSTAL SUGAR</TITLE>
+<DATELINE>    ISTANBUL, March 5 - </DATELINE><BODY>Turkey has announced a tender to import
+100,000 tonnes of white crystal sugar with an advertisement in
+local newspapers.
+    Turkish Sugar Factories said in the advertisement there was
+a 50 pct option to increase or decrease the amount and bids
+should reach it before March 24.
+    The semi-official Anatolian Agency recently quoted Turkish
+Minister of Industry and Trade Cahit Aral as saying Turkey will
+export 100,000 tonnes of sugar this year and import the same
+amount.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18394" NEWID="1976">
+<DATE> 5-MAR-1987 07:33:26.77</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0740&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-05 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER SMALL ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The Bank of England said it provided the
+money market with a further 20 mln stg of assistance during the
+morning. It again bought bills for resale to the market on
+April 2 at a rate of 10-15/16 pct. Earlier this morning, it
+bought 17 mln stg of bills at the same rate and for resale on
+the same date.
+    The Bank has thus given a total of 37 mln stg so far today,
+which leaves the bulk of a 1.15 billion stg shortage still in
+the system. Dealers noted that money market rates again eased
+this morning and the Bank may have refused bill offers from the
+discount houses at rates below its established dealing levels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18395" NEWID="1977">
+<DATE> 5-MAR-1987 07:51:35.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0772&#31;reute
+b f BC-MATSUSHITA-ELECTRIC-T   03-05 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MATSUSHITA ELECTRIC TRADING ISSUES WARRANT BOND</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Matushita Electric Trading Co Ltd is
+issuing a 100 mln dlr equity warrant eurobond due March 30,
+1992 paying an indicated coupon of 2-3/4 pct and priced at par,
+lead manager Nomura International Ltd said.
+    Final terms on the non-callable bond will be fixed on March
+12. The selling concession is 1-1/2 pct while management and
+underwriting combined pays 3/4 pct. The payment date is March
+30 while listing will be in Luxembourg.
+    The issue is available in denominations of 5,000 dlrs. The
+warrant exercise period is from April 15, 1987 until March 17,
+1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18396" NEWID="1978">
+<DATE> 5-MAR-1987 07:55:53.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0784&#31;reute
+b f BC-GUNMA-BANK-ISSUES-50   03-05 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUNMA BANK ISSUES 50 MLN DLR CONVERTIBLE EUROBOND</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The Gunma Bank Ltd is issuing a 50 mln
+dlr convertible eurobond due March 31, 2002 paying an indicated
+2-1/4 pct and priced at par, lead manager Nomura International
+Ltd said.
+    The issue is callable from March 31, 1990 at 104 pct
+declining by 1/2 pct per annum to par thereafter but is not
+callable until 1992 unless the share price exceeds 150 pct of
+the conversion price.
+    The selling concession is 1-1/2 pct while management and
+underwriting combined pays one pct. Final terms will be fixed
+on March 12.
+    The issue is available in denominations of 5,000 dlrs and
+will be listed in Luxembourg. The payment date is March 31.
+    The conversion period is from April 13, 1987 until March
+22, 2002.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18397" NEWID="1979">
+<DATE> 5-MAR-1987 08:13:26.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0838&#31;reute
+r f BC-GM-(GM)-LAYING-OFF-5,   03-05 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM>  LAYING OFF 5,500 AT TWO PLANTS</TITLE>
+<DATELINE>    DETROIT, March 5 - </DATELINE><BODY>General Motors Corp said it ordered
+temporary layoffs of 5,500 hourly workers to cut production and
+thereby reduce inventories of cars built at two plants later
+this month.
+    A spokesman said 2,000 workers would be laid off one week
+beginning March 9 at GM's Detroit-Hamtramck luxury car plant.
+    Another 3,500 will be laid off a week effective March 23 at
+GM's Lansing, Mich, plant which builds the company's "N-body"
+compact cars.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18398" NEWID="1980">
+<DATE> 5-MAR-1987 08:15:17.95</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>finland</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0843&#31;reute
+u f BC-ICE-UNCHANGED-AT-SOVI   03-05 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICE UNCHANGED AT SOVIET OIL PORT OF VENTSPILS</TITLE>
+<DATELINE>    HELSINKI, March 5 - </DATELINE><BODY>Ice conditions are unchanged at the
+Soviet Baltic oil port of Ventspils, with continuous and
+compacted drift ice 15 to 30 cms thick, the latest report of
+the Finnish Board of Navigation said.
+    Icebreaker assistance to reach Ventspils harbour is needed
+for normal steel vessels without special reinforcement against
+ice, the report said.
+    It gave no details of ice conditions at the other major
+Soviet Baltic export harbour of Klaipeda.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18399" NEWID="1981">
+<DATE> 5-MAR-1987 08:17:18.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0848&#31;reute
+r f BC-HUGHES-TOOL-&lt;HT>-SEEK   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES TOOL &lt;HT> SEEKS CHIEF OPERATING OFFICER</TITLE>
+<DATELINE>    HOUSTON, March 5 - </DATELINE><BODY>Hughes Tool Co said its board has
+appointed a committee to search for a chief operating officer
+in the event that it does not complete its merger with Baker
+International Corp &lt;BKO>.
+    Last night, Hughes directors said it would terminate its
+agreement to merge with Baker because Baker would only proceed
+if Hughes signed a consent decree with the U.S. Justice
+Department that the Hughes board had determined to be
+unreasonable.
+    The post of chief operating officer is now vacant at
+Hughes.  Chairman W.A. Kistler Jr. is chief executive officer.
+    Hughes said it proposed to Baker that the companies ask the
+Justice Department to allow them to proceed with the merger on
+condition that they find a buyer approved by the  Department
+for the domestic oilfield tricine rock bit assets of Baker's
+Reed subsidiary, its Singapore plant and Baker Lift's domestic
+electrical submersible pump business by April 22, the last date
+the merger of Baker and Hughes could occur under their
+agreement.
+    Hughes said its proposal would have been conditioned on it
+not being required to license the purchaser with any Hughes
+technology and on the imposition of no more adverse conditions.
+    Hughes said "For reasons Hughes does not fully understand,
+Baker declined to proceed in this fashion and insisted that it
+would proceed only if Hughes signed the consent decree."
+    The company said its board found the consent decree to be
+unreasonable because some "unusual terms" in the decree posed a
+substantial risk that control of the divestiture of Reed would
+be passed to a trustee owing no duties to the shareholders of
+the combined company, which would have been called Baker Hughes
+Inc, and would include all of Reed's international assets and
+its coring and diamond bit assets.
+    Hughes said the board also found unacceptable the consent
+decree condition that the merged company fund ongoing losses of
+Reed and Reed capital expenditures for as long as it took to
+sell Reed.
+    The company said the board decision to adopt its own
+divestiture plan and terminate the merger agreement if Baker
+did not accept was unanimous.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18400" NEWID="1982">
+<DATE> 5-MAR-1987 08:17:41.50</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0850&#31;reute
+u f BC-SWISS-OFFERS-NEW-SERI   03-05 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS OFFERS NEW SERIES OF MONEY MARKET PAPER</TITLE>
+<DATELINE>    ZURICH, March 5 - </DATELINE><BODY>The Swiss Finance Ministry is inviting
+tenders for a new series of three-month money market
+certificates to raise about 150 mln Swiss francs, the Swiss
+National Bank said.
+    Bids would be due on March 10 and payment on March 12.
+    The last issue of three-month paper conducted on February
+12 yielded 2.969 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18401" NEWID="1983">
+<DATE> 5-MAR-1987 08:20:45.68</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0858&#31;reute
+u f BC-EGYPTIAN-CENTRAL-BANK   03-05 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPTIAN CENTRAL BANK DOLLAR RATE UNCHANGED</TITLE>
+<DATELINE>    CAIRO, March 4 - </DATELINE><BODY>Egypt's Central Bank today set the dollar
+rate for commercial banks for March 6 at 1.373/87 dollars,
+unchanged from the previous rate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18402" NEWID="1984">
+<DATE> 5-MAR-1987 08:25:49.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0865&#31;reute
+u f BC-NO-MINES-DAMAGE-REPOR   03-05 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO MINES DAMAGE REPORTED AFTER CHILE TREMOR</TITLE>
+<DATELINE>    SANTIAGO, March 5 - </DATELINE><BODY>A tremor hit northern Chile early today
+but there were no immediate reports of victims or of damage to
+the country's vital mining industry, the National Bureau for
+Emergencies, ONEMI, said.
+    The effects of the tremor at 0620 hrs (0920 GMT) registered
+four to six degrees on the 12-degree Mercalli scale in
+Antofagasta, 1,000 km north of Santiago, and five to six
+degrees in Chuquicamata and Calama, at the centre of Chile's
+mining region.
+    The tremor was followed by a milder aftershock at 0758 hrs.
+    An ONEMI spokesman said windows had been broken and a
+number of cornices had fallen off buildings in the worst-hit
+areas. These effects are described as up to seven degrees on
+the Mercalli scale. The tremor caused a partial power cut in
+northern Chile, the spokesman added.
+    Quoting from the latest report from the area, received at
+8.37 A.M., He said the effects of the tremor registered two to
+three degrees on the Mercalli scale in Arica, on the northern
+border with Peru, and three to four in Copiapo, 700 km north of
+Santiago.
+    ONEMI could not provide a reading on the Richter scale.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18403" NEWID="1985">
+<DATE> 5-MAR-1987 08:26:25.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>tanzania</D><D>canada</D><D>belgium</D><D>west-germany</D><D>uk</D><D>sweden</D><D>italy</D><D>denmark</D><D>zambia</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D><D>ec</D><D>adb-africa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0866&#31;reute
+u f BC-TANZANIAN-RAILWAYS-SE   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANZANIAN RAILWAYS SECURE 25.6 MLN DLRS AID</TITLE>
+<DATELINE>    DAR ES SALAAM, March 5 - </DATELINE><BODY>State-run Tanzania Railway
+Corporation (TRC) has secured 25.6 mln dlrs aid from banks and
+European countries for a one-year emergency repair program,
+Transport Minister Mustafa Nyang'anyi said.
+    Nyang'anyi told Reuters on his return from a World Bank
+sponsored donors' conference in New York that the aid would
+enable TRC to buy spares for 32 locomotives, overhaul 800
+wagons and replace 67,000 sleepers over the next 12 months.
+    The World Bank, African Development Bank, European
+Community, Canada, Belgium, West Germany, Britain, Sweden,
+Italy and Denmark had contributed to the package, he said.
+    TRC runs a rail network linking Dar es Salaam and the
+northern port of Tanga with the coffee-growing area around
+Mount Kilimanjaro and ports on Lake Victoria and Lake
+Tanganyika.
+    It is under separate administration from the
+Tanzania-Zambia railway linking Dar es Salaam with the Zambian
+copperbelt and the railway system of southern Africa, which has
+already received substantial aid as part of international
+efforts to ease the dependence of landlocked African states on
+trade routes through South Africa.
+    But this is the first international aid package for TRC,
+which also carries cargo for Uganda, Zaire and Burundi.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18404" NEWID="1986">
+<DATE> 5-MAR-1987 08:30:56.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0879&#31;reute
+d f BC-MITSUI-AND-CO-EUROBON   03-05 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUI AND CO EUROBONDS FORMALLY LAUNCHED</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The two 150 mln dlr equity warrant
+eurobonds for Mitsui and Co Ltd, reported earlier today from
+Tokyo, have now been formally launched, lead manager Nomura
+International Ltd said.
+    The first tranche matures on March 30, 1992 and has an
+indicated coupon of 2-3/4 pct while the second tranche matures
+on March 30, 1994 and has a fixed coupon of three pct. Both
+deals have an indicated pricing of par.
+    The selling concession for both deals is 1-1/2 pct while
+management and underwriting combined pays 3/4 pct. Final terms
+on the deals will be fixed on March 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18405" NEWID="1987">
+<DATE> 5-MAR-1987 08:31:35.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0882&#31;reute
+f f BC-******BAKER-INTERNATI   03-05 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BAKER INTERNATIONAL CORP SUES HUGHES TOOL SEEKING MERGER COMPLETION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18406" NEWID="1988">
+<DATE> 5-MAR-1987 08:33:12.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0887&#31;reute
+f f BC-******CARTER-HAWLEY-H   03-05 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CARTER HAWLEY HALE STORES FEBRUARY SALES UP 7.6 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18407" NEWID="1989">
+<DATE> 5-MAR-1987 08:34:07.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0893&#31;reute
+f f BC-******USAIR-GROUP-REJ   03-05 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USAIR GROUP REJECTS TRANS WORLD AIRLINES TAKEOVER BID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18408" NEWID="1990">
+<DATE> 5-MAR-1987 08:37:35.97</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>uae</D><D>kuwait</D><D>iran</D><D>saudi-arabia</D><D>ecuador</D><D>qatar</D><D>nigeria</D><D>algeria</D><D>gabon</D><D>indonesia</D><D>libya</D><D>qatar</D><D>iran</D><D>saudi-arabia</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0915&#31;reute
+u f BC-EARLY-MARCH-OPEC-OUTP   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EARLY MARCH OPEC OUTPUT SEEN WELL BELOW CEILING</TITLE>
+<AUTHOR>    By Andrew Hill, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>OPEC crude oil output in the first few
+days of March was running at about 14.7 mln bpd, down from a 16
+mln bpd average for February and well below the 15.8 mln bpd
+ceiling the group adopted in December, a Reuter survey shows.
+    The figures were polled by Reuters correspondents from oil
+traders, industry executives and analysts in Europe, the Middle
+East, Africa, Latin America and Asia.
+    They back recent statements by OPEC ministers that the
+group is producing within its ceiling to support the return to
+a fixed price system, which came into effect last month.
+    OPEC output for the whole of February was about 200,000 bpd
+above the ceiling, largely because of overproduction by the
+United Arab Emirates and Kuwait, the figures show.
+    The UAE, together with the much smaller producer Ecuador,
+was also producing above quota in the first days of March, the
+survey reveals.
+    But such overproduction was compensated for by a sharp fall
+in Saudi Arabian output, together with Iran"s inability to
+export as much as its quota allows.
+    Iraq rejected its OPEC quota of 1.466 mln bpd and produced
+1.75 mln bpd in February and early March, the figures showed.
+    Saudi output -- excluding movements into stocks -- fell to
+3.1 mln bpd in early March from 3.5 mln bpd in February,
+against a 4.133 mln bpd quota. The Saudi figures include a
+200,000 bpd share of Neutral Zone production.
+    Kuwait, which has consistently denied quota violations, was
+estimated to be pumping 1.4 mln bpd in February and 1.15 in
+early March -- both figures including 200,000 bpd as its share
+of Neutral Zone output -- against its 948,000 bpd quota.
+    Reports of customer resistance to fixed prices set by some
+OPEC states were reflected in output from Qatar and Nigeria,
+both substantially under quota in February and early March.
+    Qatar's February output was 230,000 bpd, and this fell to
+180,000 bpd in early March compared with its 285,000 bpd quota.
+    Industry sources say Japanese buyers are resisting Qatar"s
+prices and Gulf Arab oil states have pledged to make up for any
+shortfall in sales which a fellow Gulf state suffers.
+    Nigeria's early March output was about one mln bpd, down
+from 1.14 mln bpd in February and its quota of 1.238 mln bpd.
+    Industry sources say Nigeria's customers believe its Bonny
+grades are overpriced compared with compatible Brent crudes
+from the U.K. North Sea.
+    Country-by-country production figures are as follows, in
+mln bpd -
+ COUNTRY        CURRENT        FEBRUARY    QUOTA
+ ALGERIA        0.64           0.64        0.635
+ ECUADOR        0.26           0.26        0.210
+ GABON          0.15           0.15        0.152
+ INDONESIA      1.16           1.16        1.133
+ IRAN           1.80           2.20        2.255
+ IRAQ           1.75           1.75        1.466
+ KUWAIT         1.15           1.40        0.948
+ LIBYA          0.95           0.95        0.948
+ NIGERIA        1.00           1.14        1.238
+ QATAR          0.18           0.23        0.285
+ SAUDI ARABIA   3.10           3.50        4.133
+ UAE            1.10           1.15        0.902
+ VENEZUELA      1.50           1.50        1.495
+ TOTAL          14.7           16.0        15.8
+ REUTER
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18409" NEWID="1991">
+<DATE> 5-MAR-1987 08:41:49.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0925&#31;reute
+u f BC-BETHLEHEM-&lt;BS>-HAS-IN   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BETHLEHEM &lt;BS> HAS INVESTIGATED CHAPTER 11</TITLE>
+<DATELINE>    BETHLEHEM, Pa., March 5 - </DATELINE><BODY>Bethlehem Steel Corp has
+investigated the ramifications of a filing for reorganization
+under Chapter 11 of the federal bankruptcy laws but has no
+present plans to file, a company spokesman told Reuters.
+    The spokesman said the investigation was made some time ago
+and was undertaken as a precaution in the interest of prudent
+management.
+    He said while Bethlehem, which has been losing money for
+several years, does not intend to seek protection from
+creditors now, it could do so if conditions worsened,
+particularly if it ran out of cash.
+    But the spokesman said Bethlehem ended 1986 with over 460
+mln dlrs in cash on hand, partly due to the sale of assets over
+the year, and expects to maintain its cash position at around
+that level through 1987.
+    At the end of 1985, Bethlehem had less than 100 mln dlrs in
+cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18410" NEWID="1992">
+<DATE> 5-MAR-1987 08:48:05.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0931&#31;reute
+b f BC-CITY-OF-QUEBEC-ISSUES   03-05 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITY OF QUEBEC ISSUES 40 MLN CANADIAN DLR EUROBOND</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>The City of Quebec is issuing a 40 mln
+Canadian dlr, nine pct bond due April 1, 1997 at 100-1/2 pct,
+sole lead manager Societe Generale said.
+    The non-callable issue is of direct unsecured,
+unsubordinated debt.
+    Fees are 1-1/4 pct for selling and 3/8 pct each for
+management and underwriting. Payment date is April 1,
+denominations are of 1,000 and 10,000 dlrs and listing is in
+Luxembourg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18411" NEWID="1993">
+<DATE> 5-MAR-1987 08:48:10.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0932&#31;reute
+u f BC-CARTER-HAWLEY-HALE-&lt;C   03-05 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARTER HAWLEY HALE &lt;CHH> FEBRUARY SALES RISE</TITLE>
+<DATELINE>    LOS ANGELES, March 5 - </DATELINE><BODY>Carter Hawley Hale Stores Inc said
+sales for the four weeks ended February 28 were up 7.6 pct to
+240.8 mln dlrs from 223.8 mln dlrs a year before, with
+same-store sales up 5.6 pct.
+    Sales for the prior year exclude John Wanamaker stores,
+sold at the end of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18412" NEWID="1994">
+<DATE> 5-MAR-1987 08:48:26.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0933&#31;reute
+u f BC-BAKER-&lt;BKO>-SUES-TO-F   03-05 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER &lt;BKO> SUES TO FORCE HUGHES &lt;HT> MERGER</TITLE>
+<DATELINE>    HOUSTON, March 5 - </DATELINE><BODY>Baker International corp said it has
+filed suit in state court in Houston to compel Hughes Tool Co
+to complete its proposed merger with Baker.
+    Late yesterday, Hughes said it had terminated the merger
+agreement because Baker would not agree to an alternative
+divestiture plan devised by Hughes.  Hughes' board had
+previously found unacceptable a U.S. Justice Department consent
+decree that would have required broader divestitures.
+    Baker said it has not obtained any satisfactory explanation
+from Hughes of its objections to the provisions of the Justice
+Department consent decree.
+    Hughes yesterday adjourned the special meeting at which
+shareholders were to vote on the merger without permitting the
+counting of votes on the deal.  Baker said it believes the vote
+was overwhelmingly in favor of the merger.
+    Baker said the new terms that Hughes proposed for the
+merger, as an alternative to the consent decree, were "more
+burdensome" than those of the consent decree themselves.
+    Baker said divestitures under the consent decree would
+reduce revenues for the combined company by about 65 mln dlrs
+or three pct.
+    Baker said it will continue to pursue the divestitures of
+the units named in the consent decree.
+    It said its suit names as defendants Hughes and certain of
+its directors and seeks either an injunction forcing Hughes to
+live up to the merger agreement or "substantial" monetary
+damages it did not name.
+    Baker said it believes the merger to be in the best
+interests of shareholders of both companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18413" NEWID="1995">
+<DATE> 5-MAR-1987 08:51:03.93</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0944&#31;reute
+u f BC-SPAIN-DEREGULATES-BAN   03-05 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN DEREGULATES BANK DEPOSIT INTEREST RATES</TITLE>
+<DATELINE>    MADRID, March 5 - </DATELINE><BODY>Spain's Finance Ministry deregulated bank
+deposit rates in an effort to raise competition among banks and
+bring legislation into line with the European Community (EC), a
+ministry spokesman said.
+    The measure was published today in the Official State
+Gazette. It takes effect tomorrow and lifts restrictions on
+rates, now limited to six pct on deposits of up to 180 days.
+    The government also enacted a decree cutting to one pct
+from 13 pct the proportion of total assets which banks must
+lend at favourable rates to industries classified "of public
+interest."
+    Some bankers expect the deregulation of rates to result in
+a 20 pct drop in profits this year.
+    Secretary of State for the Economy Guillermo de la Dehesa
+told Reuters in a recent interview the reduction in fixed asset
+investments would offset losses from the rate liberalisation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18414" NEWID="1996">
+<DATE> 5-MAR-1987 08:58:43.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>icahn</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0963&#31;reute
+b f BC-/USAIR-&lt;U>-REJECTS-TW   03-05 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> REJECTS TWA &lt;TWA> TAKEOVER BID</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>USAir Group Inc said its board has
+rejected Trans World Airlines Inc's offer to acquire USAir for
+52 dlrs per share in cash as grossly in adequate and not in the
+best interests of USAir shareholders, employees or passengers.
+    The company said the unsolicited bid by the Carl C.
+Icahn-led TWA was "highly conditional."
+    USAir said its board and that of Piedmont Aviation Inc
+&lt;PIE> met separately yesterday to consider USAir's offer to
+acquire 50.1 pct of Piedmont for 71 dlrs per share and
+remaining shares for 1.5 to 1.9 common shares each, valued at
+about 73 dlrs per share based on the average closing price of
+USAir common during a period just before the merger.
+    The company said it is continuing talks with Piedmont on
+arriving at a definitive merger agreement and the two companies
+hope to reach one very shortly.
+    USAir said "In light of the highly conditional nature and
+other terms of the TWA offer, the timing of the offer and the
+circumstances under which it was made, USAir Group believes
+that the purpose of the TWA offer is to interfere with USAir
+Group's proposed acquisition of Piedmont.
+    "TWA's proposal is nothing more than an attempt by Carl
+Icahn to disrupt at the eleventh hour USAir Group's acquisition
+of Piedmont, a transaction which the USAir Group board views as
+most beneficial to USAir Group shareholders, employees and
+passengers and which Mr. Icahn obviously regards as contrary to
+his own personal interests."
+    USAir said its board has authorized counsel to explore all
+appropriate legal remedies against what it called TWA's
+last-minute attempt to interfere with USAir Group's acquisition
+of Piedmont.
+    The company said conditions to the TWA offer include TWA
+obtaining financing, the USAir board redeeming defensive rights
+issued to shareholders last year and acting to render the "fair
+price" provision contained in USAir's charter inapplicable to
+the TWA offer and Transportation Department approval.
+ Reuter...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18415" NEWID="1997">
+<DATE> 5-MAR-1987 08:59:21.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0966&#31;reute
+u f BC-PAYLESS-CASHWAYS-INC   03-05 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAYLESS CASHWAYS INC &lt;PCI> FEBRUARY SALES RISE</TITLE>
+<DATELINE>    KANSAS CITY, MO., March 5 - </DATELINE><BODY>Payless Cashways Inc said its
+sales for the four weeks ended February 28 rose six pct on a
+comparable store basis to 108.6 mln dlrs from 89.3 mln dlrs a
+year ago.
+    Year to date, it said sales advanced to 332.1 mln dlrs from
+274.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18416" NEWID="1998">
+<DATE> 5-MAR-1987 08:59:27.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0967&#31;reute
+r f BC-sterivet-to-develop   03-05 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERIVET &lt;STVTF> TO DEVELOP NEW HORSE DRUG</TITLE>
+<DATELINE>    TORONTO, March 5 - </DATELINE><BODY>Sterivet Laboratories Ltd said it is
+proceeding with development of a new drug to treat navicular
+disease in horses.
+    The company said it received an unspecified financial
+contribution from the National Research Council of Canada to
+help develop the drug for treating navicular disease, which
+affects horses' feet.
+    Sterivet said the drug has produced promising results in
+limited clinical trials conducted over the past 18 months in
+Ontario.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18417" NEWID="1999">
+<DATE> 5-MAR-1987 09:02:50.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0970&#31;reute
+b f BC-ECONOMY(EMBARGOED)   03-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. EXPANSION THREATENED - CONGRESSIONAL REPORT</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The U.S. economy is facing several
+serious problems which threaten its continued expansion,
+according to a Congressional report released today.
+    The report by the Democratic majority of the Congressional
+Joint Economic Committee said the outlook was for sluggish
+growth in the U.S. and the rest of the world for the near
+future.
+    Committee Republicans released a separate, more optimistic
+report predicting continued stable growth with low inflation.
+    Democrats have a 12 to eight majority on the committee,
+which is made up of 10 Senators and 10 Representatives.
+    "The annual report of the committee surveys a 3.7 trillion
+dlr economy whose tranquil appearance obscures the danger
+signals that lie just below the surface," Committee chairman
+Sen. Paul Sarbanes said in a statement.
+    "A close inspection of the economy reveals that the current
+recovery, while long, is fragile, and we are skating on thin
+ice," the Maryland Democrat said.
+    He said the danger signals included a decline in
+investment, increased demand for borrowing which was straining
+the financial system, a possible increase in inflation fueled
+by higher oil prices and the depressed condition of the
+nation's farmers.
+    Republicans said most private economists saw no likelihood
+of a recession and were predicting a growth rate of around
+three pct for this year and next, similar to Administration
+forecasts.
+    "The economy appears to be on a path of stable growth. We're
+comfortable with the current low rate of inflation, hopeful
+that interest rates will continue to decline, optimistic that
+employment opportunities will continue to improve and confident
+in this nation's resilient, innovative and diversified economy,"
+the Republican report said.
+    "The greatest economic challenge facing the 100th Congress
+is reducing the federal deficit," the Republicans added.
+    Democrats said the budget deficit should be reduced but
+also wanted the government to spend more on education, job
+training, research and development and health care.
+    They said pressures on the dollar might make it difficult
+for the Federal Reserve to use monetary policy to stimulate the
+economy if this becomes necessary.
+    "There is now substantial concern about the inflationary
+effects of a declining dollar and the buildup of monetary
+pressure arising from the recent rapid growth in the money
+supply," the Democrat report said.
+    "At the same time, the increased reliance on foreign sources
+of capital in American investment markets means that the
+Federal Reserve can no longer be as aggressive as in the past
+in lowering interest rates and driving the dollar down."
+    "Taken together, the outlook for fiscal and monetary policy
+is thus not very encouraging," the Democrats said.
+    The Democrats called on the Administration to be more
+aggressive in removing foreign trade barriers and in seeking
+new initiatives to solve the international debt problem.
+    The Democrats said much of the U.S. trade deficit had been
+caused by misalignment of the world's currencies, especially
+the overvaluation of the dollar that began in 1982.
+    Both Democrats and Republicans called for policies to
+increase American productivity including incentives for saving
+and investment in plant and equipment and development of a
+better educated work force.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18418" NEWID="2000">
+<DATE> 5-MAR-1987 09:05:42.45</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0977&#31;reute
+b f BC-U.S.-FIRST-TIME-JOBLE   03-05 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FIRST TIME JOBLESS CLAIMS FALL IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>New applications for unemployment
+insurance benefits fell to a seasonally adjusted 332,900 in the
+week ended Feb 21 from 368,400 in the prior week, the Labor
+Department said.
+    The number of people actually receiving benefits under
+regular state programs totaled 3,014,400 in the week ended Feb
+14, the latest period for which that figure was available.
+    That was up from 2,997,800 the previous week.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-002.sgm b/textClassication/reuters21578/reut2-002.sgm
new file mode 100644
index 0000000..cf9cfa6
--- /dev/null
+++ b/textClassication/reuters21578/reut2-002.sgm
@@ -0,0 +1,30719 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18419" NEWID="2001">
+<DATE> 5-MAR-1987 09:07:54.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0986&#31;reute
+d f BC-JAGUAR-SEES-STRONG-GR   03-05 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAGUAR SEES STRONG GROWTH IN NEW MODEL SALES</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Jaguar Plc &lt;JAGR.L> is about to sell its
+new XJ-6 model on the U.S. And Japanese markets and expects a
+strong reception based on its success in the U.K., Chairman Sir
+John Egan told a news conference.
+    Commenting on an 11 pct growth in 1986 group turnover to
+830.4 mln stg and pre-tax profits at 120.8 mln stg, slightly
+below 1985's 121.3 mln, Egan said Jaguar aimed at an average
+profit growth of 15 pct per year. However, the introduction of
+the new model had kept this year's pre-tax profit down.
+    Jaguar starts selling XJ-6 in the U.S. In May and plans to
+sell 25,000 of its total 47,000 production there in 1987.
+    U.S. Sales now account for 65 pct of total turnover,
+finance director John Edwards said.
+    A U.S. Price for the car has not been set yet, but Edwards
+said the relatively high car prices in dollars of West German
+competitors offered an "umbrella" for Jaguar. He added the XJ-6
+had also to compete with U.S. Luxury car producers which would
+restrict the car's price.
+    Jaguar hedges a majority of its dollar receipts on a
+12-month rolling basis and plans to do so for a larger part of
+its receipts for longer periods, John Egan said.
+    In the longer term, capital expenditure will amount to 10
+pct of net sales. Research and development will cost four pct
+of net sales and training two pct.
+    Jaguar builds half of its cars and buys components for the
+other half. The firm is in early stages of considering the
+building of an own press shop in Britain for about 80 mln stg,
+but Egan said this would take at least another three years
+    On the London Stock Exchange, Jaguar's shares were last
+quoted at 591p, down from 611p at yesterday's close, after
+reporting 1986 results which were in line with market
+expectations, dealers said.
+ REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18420" NEWID="2002">
+<DATE> 5-MAR-1987 09:18:26.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0011&#31;reute
+f f BC-******occidental-petr   03-05 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>OCCIDENTAL PETROLEUM COMMON STOCK OFFERING RAISED TO 36 MLN SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18421" NEWID="2003">
+<DATE> 5-MAR-1987 09:19:43.22</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0012&#31;reute
+u f BC-/CCC-ACCEPTS-BONUS-BI   03-05 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS BONUS BID ON WHEAT FLOUR TO IRAQ</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has accepted bids for export bonuses to cover sales of
+25,000 tonnes of wheat flour to Iraq, the U.S. Agriculture
+Department said.
+    The department said the bonuses awarded averaged 116.84
+dlrs per tonne.
+    The shipment periods are March 15-April 20 (12,500 tonnes)
+and April 1-May 5 (12,500 tonnes).
+    The bonus awards were made to Peavey Company and will be
+paid in the form of commodities from CCC stocks, it said.
+    An additional 175,000 tonnes of wheat flour are still
+available to Iraq under the Export Enhancement Program
+initative announced January 7, 1987, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18422" NEWID="2004">
+<DATE> 5-MAR-1987 09:21:58.67</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0017&#31;reute
+f f BC-******DIAMOND-SHAMROC   03-05 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DIAMOND SHAMROCK RAISES CRUDE POSTED PRICES ONE DLR, EFFECTIVE MARCH 4, WTI NOW 17.00 DLRS/BBL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18423" NEWID="2005">
+<DATE> 5-MAR-1987 09:22:57.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0019&#31;reute
+r f BC-NORD-RESOURCES-CORP-&lt;   03-05 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORD RESOURCES CORP &lt;NRD> 4TH QTR NET</TITLE>
+<DATELINE>    DAYTON, Ohio, March 5 -
+    </DATELINE><BODY>Shr 19 cts vs 13 cts
+    Net 2,656,000 vs 1,712,000
+    Revs 15.4 mln vs 9,443,000
+    Avg shrs 14.1 mln vs 12.6 mln
+    Year
+    Shr 98 cts vs 77 cts
+    Net 13.8 mln vs 8,928,000
+    Revs 58.8 mln vs 48.5 mln
+    Avg shrs 14.0 mln vs 11.6 mln
+    NOTE: Shr figures adjusted for 3-for-2 split paid Feb 6,
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18424" NEWID="2006">
+<DATE> 5-MAR-1987 09:23:44.74</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0022&#31;reute
+b f BC-NO-QUAKE-DAMAGE-AT-CH   03-05 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO QUAKE DAMAGE AT CHUQUICAMATA - MINE SPOKESMAN</TITLE>
+<DATELINE>    SANTIAGO, March 5 - </DATELINE><BODY>The earthquake which hit northern Chile
+today, registering 7.0 on the open-ended Richter scale, caused
+no damage to the copper mine at Chuquicamata, a mine spokesman
+said.
+    Chuquicamata public relations director Guillermo Barcelo
+told Reuters by telephone from the mine that the quake had
+caused no problems and operations continued as usual.
+    A spokesman for the state Chilean Copper Commission in
+Santiago confirmed there had been no damage at Chuquicamata.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18425" NEWID="2007">
+<DATE> 5-MAR-1987 09:24:40.64</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0025&#31;reute
+r f BC-orbit-oil-increases   03-05 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORBIT INCREASES OIL AND GAS RESERVE VALUES</TITLE>
+<DATELINE>    CALGARY, Alberta, March 5 - </DATELINE><BODY>&lt;Orbit Oil and Gas Ltd> said
+the value of its oil and gas reserves increased by 19 pct to
+52.6 mln dlrs from 44.2 mln dlrs reported at year-end 1985,
+according to an independent appraisal.
+    Orbit said it has reserves of 2.4 mln barrels of oil and
+natural gas liquids and 67.2 billion cubic feet of natural gas.
+    In addition, 75 pct owned &lt;Sienna Resources Ltd> has
+Canadian reserves of 173,000 barrels of oil and 1.6 bcf of
+natural gas with a current value of 2.2 mln dlrs, Orbit said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18426" NEWID="2008">
+<DATE> 5-MAR-1987 09:24:55.56</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0026&#31;reute
+u f BC-CCC-ACCEPTS-BONUS-BID   03-05 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS BONUS BID ON SEMOLINA TO EGYPT</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has accepted a bid for an export bonus to cover a sale of
+2,000 tonnes of semolina to Egypt, the U.S. Agriculture
+Department said.
+    The department said the bonus was 233.91 dlrs per tonne and
+was made to International Multifoods Corp. The bonus will be
+paid in the form of commodities from CCC stocks.
+    The semolina is for shipment during June 1987, it said.
+    An additional 13,000 tonnes of semolina are still available
+to Egypt under the Export Enhancement Program initiative
+announced on August 6, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18427" NEWID="2009">
+<DATE> 5-MAR-1987 09:26:07.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0032&#31;reute
+d f BC-FRENCH-CGE-GROUP-LIKE   03-05 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH CGE GROUP LIKELY TO BE PRIVATISED IN MAY</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>France's state-owned Cie Generale
+d'Electricite (CGE) is likely to be privatised during May this
+year, sources close to Finance Minister Edouard Balladur said.
+    Although the Finance Ministry simply said that the group
+would be privatised during the course of this year, when it
+first announced the operation in early January, the May date is
+earlier than the market had expected.
+    As a result it will follow close on the heels of the
+privatisation of the TF1 television channel and the advertising
+group &lt;Agence Havas>.
+    Last month the government privatised the first of the state
+financial groups, Cie Financiere de Paribas &lt;PARI.P>, in a
+floatation which was 40 times oversubscribed.
+    And in December the first of the industrial groups, glass
+maker Cie de Saint-Gobain &lt;SGEP.P>, returned to the private
+sector.
+    CGE has interests ranging from telecommunications to
+shipbuilding and nuclear engineering, and recently struck a
+deal with ITT Corp &lt;ITT.N> to create the world's second largest
+telecommunications group under the Alcatel name.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18428" NEWID="2010">
+<DATE> 5-MAR-1987 09:26:17.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D><D>usa</D><D>west-germany</D><D>netherlands</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0033&#31;reute
+d f BC-FIVE-GROUPS-APPLY-TO   03-05 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIVE GROUPS APPLY TO BUY FRENCH TELEPHONE GROUP</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>Five consortia have applied to buy the
+French state-owned telephone equipment manufacturer &lt;Cie
+Generale de Constructions Telephoniques (CGCT)>, which will
+give the owners control of 16 pct of the French telephone
+switching market, sources close to Finance Minister Edouard
+Balladur said.
+    The French government has given itself until the end of
+April to decide which applicant will be accepted, they added.
+    While several foreign groups have said they want to gain a
+foothold in the French market, their potential stake in CGCT is
+limited to 20 pct under privatisation laws passed last year,
+with 80 pct to be left in French hands.
+    The Finance Ministry sources gave no details of the groups
+interested in CGCT, but several have publicly announced their
+candidacies.
+    U.S. Telecommunications giant American Telephone and
+Telegraph Co &lt;T.N> which has been at the centre of the two-year
+battle for CGCT, has teamed up with the Dutch-based &lt;Philips
+Telecommunications Industrie B.V.>, a subsidiary of NV Philips
+Gloeilampenfabriek &lt;PGLO.AS> and &lt;Societe Anonyme de
+Telecommunications> (SAT) to present a joint bid, in
+association with holding company Cie du Midi SA &lt;MCDP.P> and
+five French investment funds.
+    A second bid has come from the West German electronics
+group Siemens AG &lt;SIEG.F>, which hopes to take a 20 pct stake
+in CGCT, with the French telecommunications &lt;Jeumont-Schneider>
+taking the remaining 80 pct.
+    Sweden's &lt;AB LM Ericsson> has also submitted a bid for the
+maximum 20 pct permitted, in association with French defence
+electronics group &lt;Matra>, which would hold between 40 and 49
+pct, and construction group &lt;Bouygues>.
+    Matra has already acquired CGCT's private telephone
+business.
+REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18429" NEWID="2011">
+<DATE> 5-MAR-1987 09:27:39.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0039&#31;reute
+b f BC-/SPEAKER-SEEKING-SUPP   03-05 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPEAKER SEEKING SUPPORT FOR U.S. TAX INCREASES</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>House Speaker Jim Wright is lobbying
+congressmen to support a plan to cut the 1988 budget deficit
+about 40 billion dlrs, half through spending cuts and the
+remainder through tax hikes, congressional sources said.
+    He is backing a half and half plan and has made the
+suggestion to Democrats on the House Budget Committee
+privately, committee sources said.
+    However, a committee source told Reuters that committee
+Democrats already generally favor a plan to cut the deficit
+about 40 billion dlrs, half through taxes and the Speaker's
+move was seen as building support outside the committee.
+    Wright's 20 billion dlr revenue raising plan has no
+specifics, although he has floated a stock transfer tax and
+also has suggested deferring tax cuts due to the wealthy.
+    Neither of those plans has caught fire yet in Congress, and
+some congressmen are cool to the idea of a stock tax.
+    The Budget committee is considering a 1988 budget aimed at
+reducing the estimated deficit of 170 billion dlrs as estimated
+by the nonpartisan Congressional Budget Office.
+    Committee Chairman William Gray has publicly backed a
+budget cutting move of 40 billion dlrs but says that will not
+reach the Gramm-Rudman deficit target for 1988 of 108 billion
+dlrs, although he claims it will be in the spirit of it.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18430" NEWID="2012">
+<DATE> 5-MAR-1987 09:31:01.67</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0051&#31;reute
+u f BC-BLIZZARD-CLOSES-BOSPH   03-05 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLIZZARD CLOSES BOSPHORUS</TITLE>
+<DATELINE>    ISTANBUL, March 5 - </DATELINE><BODY>Blizzard conditions halted shipping
+through the Bosphorus waterway and piled snow up to 70 cms deep
+in central Istanbul, paralysing the city for the second day
+running.
+    Snow whipped by 48 kph winds continued to fall on Istanbul
+and northwest Anatolia after 36 hours and weather reports
+predicted no relief for another two days.
+    Port officials said at least six large vessels in the Black
+Sea and 13 in the Sea of Marmara were waiting for conditions to
+improve.
+    Istanbul's Ataturk international airport has been closed
+since yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18431" NEWID="2013">
+<DATE> 5-MAR-1987 09:33:06.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0060&#31;reute
+u f BC-JAPAN-FUND-&lt;JPN>-SEEK   03-05 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FUND &lt;JPN> SEEKERS CONFIDENT OF FINANCING</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>The &lt;Sterling Grace Capital Management
+L.P.> group said it is confident financing can be arranged if
+The Japan Fund's board recommend's the group's acquisition
+proposal.
+    The group, which also includes &lt;Anglo American Security
+Fund L.P.> and T.B. Pickens III, Tuesday proposed an entity it
+controls acquire for cash all the assets of Japan Fund for 95
+pct of the fund's aggregate net asset value.
+    The group said it has had a number of meetings over the
+past few days with domestic and overseas financial institutions.
+    The Sterling Grace Capital group said certain of these
+institutions have expressed serious interest in providing
+financing for the proposed acquisition of Japan Fund, "adding
+we are reasonably confident that the financing can be quickly
+arranged if the Japan Fund's board of directors is willing to
+recommend the transaction to shareholders."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18432" NEWID="2014">
+<DATE> 5-MAR-1987 09:33:18.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0061&#31;reute
+f f BC-******K-MART-CORP-FEB   03-05 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>K MART CORP FEBRUARY SALES UP 13.1 PCT ON COMPARABLE STORE BASIS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18433" NEWID="2015">
+<DATE> 5-MAR-1987 09:34:02.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>tanzania</D><D>canada</D><D>belgium</D><D>west-germany</D><D>uk</D><D>sweden</D><D>italy</D><D>denmark</D><D>zambia</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D><D>adb-africa</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T M
+&#22;&#22;&#1;f0066&#31;reute
+r f BC-TANZANIAN-RAILWAYS-SE   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANZANIAN RAILWAYS SECURE 25.6 MLN DLRS AID</TITLE>
+<DATELINE>    DAR ES SALAAM, March 5 - </DATELINE><BODY>State-run Tanzania Railway
+Corporation (TRC) has secured 25.6 mln dlrs aid from banks and
+European countries for a one-year emergency repair program,
+Transport Minister Mustafa Nyang'anyi said.
+    Nyang'anyi told Reuters on his return from a World Bank
+sponsored donors' conference in New York that the aid would
+enable TRC to buy spares for 32 locomotives, overhaul 800
+wagons and replace 67,000 sleepers over the next 12 months.
+    The World Bank, African Development Bank, European
+Community, Canada, Belgium, West Germany, Britain, Sweden,
+Italy and Denmark had contributed to the package, he said.
+    TRC runs a rail network linking Dar es Salaam and the
+northern port of Tanga with the coffee-growing area around
+Mount Kilimanjaro and ports on Lake Victoria and Lake
+Tanganyika.
+    It is under separate administration from the
+Tanzania-Zambia railway linking Dar es Salaam with the Zambian
+copperbelt and the railway system of southern Africa, which has
+already received substantial aid as part of international
+efforts to ease the dependence of landlocked African states on
+trade routes through South Africa.
+    But this is the first international aid package for TRC,
+which also carries cargo for Uganda, Zaire and Burundi.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18434" NEWID="2016">
+<DATE> 5-MAR-1987 09:34:13.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0068&#31;reute
+r f BC-pegasus-gold-inc   03-05 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEGASUS GOLD INC &lt;PGULF> 3RD QTR DEC 31 NET</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 5 -
+    </DATELINE><BODY>Shr profit 20 cts vs loss two cts
+    Net profit 2,665,000 vs loss 202,000
+    Revs 12,141,000 vs 5,993,000
+    Nine mths
+    Shr profit 35 cts vs loss 11 cts
+    Net profit 4,653,000 vs loss 1,167,000
+    Revs 35.1 mln vs 18.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18435" NEWID="2017">
+<DATE> 5-MAR-1987 09:34:57.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0072&#31;reute
+u f BC-STOP-AND-SHOP'S-&lt;SHP>   03-05 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOP AND SHOP'S &lt;SHP> BRADLEES FEBRUARY SALES UP</TITLE>
+<DATELINE>    BOSTON, March 5 - </DATELINE><BODY>Stop and Shop Cos Inc said sales for the
+four weeks ended February 28 for its Bradlees Discount
+Department Stores Division were up six pct to 104 mln dlrs from
+98 mln dlrs a year before, with same-store sales up three pct. 
+    The company said the modest comparable store sales increase
+was due to a combination of difficult weather conditions in the
+Northeast, a later Easter this year and a possible slowing in
+consumer demand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18436" NEWID="2018">
+<DATE> 5-MAR-1987 09:35:22.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0075&#31;reute
+d f BC-GM-(GM)-LAYING-OFF-5,   03-05 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM LAYING OFF 5,500 AT TWO MICHIGAN PLANTS</TITLE>
+<DATELINE>    DETROIT, March 5 - </DATELINE><BODY>General Motors Corp said it ordered
+temporary layoffs of 5,500 hourly workers to cut production and
+thereby reduce inventories of cars built at two plants later
+this month.
+    A spokesman said 2,000 workers would be laid off one week
+beginning March 9 at GM's Detroit-Hamtramck luxury car plant.
+    Another 3,500 will be laid off a week effective March 23 at
+GM's Lansing, Mich, plant which builds the company's "N-body"
+compact cars.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18437" NEWID="2019">
+<DATE> 5-MAR-1987 09:36:37.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0079&#31;reute
+r f BC-MITSUBISHI-MOTOR/AMER   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI MOTOR/AMERICA FEBRUARY SALES RISE</TITLE>
+<DATELINE>    FOUNTAIN VALLEY, Calif., March 5 - </DATELINE><BODY>Mitsubishi Motor Sales
+of America Inc said sales of all vehicles rose 43.7 pct in
+February to 9,735 units from 6,776 in February 1986.
+    Sales of passenger cars and wagons grew 11.7 pct to 5,314
+from 4,758 and truck and van sales more than doubled to 4,421
+from 2,018, the affiliate of Mitsubishi Motors Corp said.
+    Year-to-date total vehicle sales increased 16.5 pct to
+14,966 from 12,842.
+    Car and wagon sales in the two months fell 13.7 pct to
+7,640 from 8,848 but sales of trucks and vans grew 83.4 pct to
+7,326 from 3,994.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18438" NEWID="2020">
+<DATE> 5-MAR-1987 09:38:14.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0085&#31;reute
+d f BC-keltic-inc   03-05 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;KELTIC INC> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 5 -
+    </DATELINE><BODY>Shr 99 cts vs 1.25 dlrs
+    Net 418,733 vs 235,572
+    Revs 2,777,425 vs 2,024,116
+    Note: 1986 shr after November, 1986 600,000 class A
+subordinate floating share issue
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18439" NEWID="2021">
+<DATE> 5-MAR-1987 09:39:13.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0086&#31;reute
+u f BC-SUPERMARKETS-GENERAL   03-05 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERMARKETS GENERAL &lt;SGC> FEBRUARY SALES RISE</TITLE>
+<DATELINE>    WOODBRIDGE, N.J. - </DATELINE><BODY>Supermarkets General Corp reported sales
+of 424.8 mln dlrs for the four-week period ended Feb 28, 1987,
+A 7.2 pct increase over sales of 396.4 mln dlrs for the
+comparable period last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18440" NEWID="2022">
+<DATE> 5-MAR-1987 09:40:41.79</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0087&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-05 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN HELP, OFFERED FACILITIES</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The Bank of England said it had given the
+money market 206 mln stg of assistance this afternoon and
+offered the discount houses borrowing facilities to take out
+the rest of the 1.10 billion stg shortage, revised down from an
+initial 1.15 billion estimate.
+    It made no alteration to its established dealing rates,
+buying 95 mln stg of band one bank bills at 10-7/8 pct and 111
+mln of band two bank bills at 10-13/16 pct. This brings the
+Bank's total assistance so far today to 243 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18441" NEWID="2023">
+<DATE> 5-MAR-1987 09:40:53.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0088&#31;reute
+u f BC-SUPERMARKETS-GENERAL   03-05 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERMARKETS GENERAL &lt;SGC> FEBRUARY SALES RISE</TITLE>
+<DATELINE>    WOODBRIDGE, N.J., March 5 - </DATELINE><BODY>Supermarkets General Corp
+reported sales of 424.8 mln dlrs for the four-week period ended
+Feb 28, 1987, A 7.2 pct increase over sales of 396.4 mln dlrs
+for the comparable period last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18442" NEWID="2024">
+<DATE> 5-MAR-1987 09:41:51.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0096&#31;reute
+r f BC-E.F.-HUTTON-&lt;EFH>-STA   03-05 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.F. HUTTON &lt;EFH> STARTS PUROLATOR &lt;PCC> BID</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>E.F. Hutton Group Inc said it has
+started its previously announced offer to purchase up to
+6,332,471 common shares of Purolator Courier Corp at 35 dlrs
+each.
+    In a newspaper advertisement, the company said the offer,
+proration period and withdrfawal rights will expire April One
+unless extended.  The offer is conditioned on receipt of at
+least 5,116,892 Purolator shares, or a 66.7 pct interest, and
+is the first step in a merger agreement that has been approved
+by the Purolator board.
+    Hutton said it reserves the right to buy more than
+6,332,471 shares but has no present intention of doing so.  It
+said it may waive the condition that at least 5,116,892 shares
+be tendered as long as it received at least a 50.1 pct
+interest.  If it were to receive fewer shares than that, it
+said it would only purchase sharesd with the consent of
+Purolator.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18443" NEWID="2025">
+<DATE> 5-MAR-1987 09:42:45.36</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D><D>south-korea</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0100&#31;reute
+r f BC-YEUTTER-PUTS-CURRENCY   03-05 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER PUTS CURRENCY BURDEN ON TAIWAN, KOREA</TITLE>
+<DATELINE>    NEW YORK , March 5 - </DATELINE><BODY>Responsibility for the appreciation of
+the Taiwan dollar and the South Korean Won lies soley with
+those countries, said U.S. trade representative Clayton Yeutter
+    Speaking to the Asia Society, Yeutter said that it is in
+those countries' own long-term interest to raise the value of
+their currencies against the dollar.
+    Yeutter was responding to a question about what the U.S.
+could do to encourage appreciation of those currencies against
+the dollar in order to reduce the large U.S. trade deficits
+with Taiwain and Korea.
+    "An undervalued currency will help those countries' exports
+in the short term, but in the long run they have to be
+concerned about how they are perceived in the international
+business community," Yeutter said.
+    For Taiwan, Yeutter said that with its per capita trade
+surplus with the U.S., much larger than that of Japan's, and
+with huge foreign exchange reserves, it was difficult to defend
+the high import tarrifs and other barriers that prevail in that
+country.
+    He also said that the south Korean Won should begin to move
+to reflect underlying economic fundamentals, "otherwise in two
+or three years' time, Korea will be in the same situation that
+prevails in Taiwan."
+    Turning to the U.S. deficit with Japan of more than 50
+billion dlrs, Yeutter said that this situation was not
+sustainable.
+    "Something must give soon. If not, there is a great threat
+of U.S. legislative action to counteract that trend," Yeutter
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18444" NEWID="2026">
+<DATE> 5-MAR-1987 09:42:52.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0101&#31;reute
+r f BC-PRINCEVILLE-DEVELOPME   03-05 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRINCEVILLE DEVELOPMENT CORP &lt;PVDC> YEAR LOSS</TITLE>
+<DATELINE>    PRINCEVILLE, Hawaii, March 5 -
+    </DATELINE><BODY>Shr diluted loss 31 cts vs profit 17 cts
+    Net loss 2,806,005 vs profit 1,513,395
+    Revs 15.0 mln vs 10.4 mln
+    Avg shrs diluted 8,982,754 vs 8,804,899
+    NOTE: Current year includes loss of 3.4 mln dlrs from
+takeover defense expenses. Also includes losses of 1.8 mln dlrs
+vs 332,000 dlrs from equity in limited partnerships.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18445" NEWID="2027">
+<DATE> 5-MAR-1987 09:44:47.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0112&#31;reute
+r f BC-ORANGE-CO-&lt;OJ>-HOLDER   03-05 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORANGE-CO &lt;OJ> HOLDER RAISES STAKE</TITLE>
+<DATELINE>    LAKE HAMILTON, Fla., March 5 - </DATELINE><BODY>Orange-Co Inc said its
+largest shareholder, &lt;Summit Resoureces Inc>, has increased its
+stake to 15 pct from 14 pct and now owns 644,727 shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18446" NEWID="2028">
+<DATE> 5-MAR-1987 09:44:55.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0113&#31;reute
+r f BC-HORIZON-CORP-&lt;HZN>-4T   03-05 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HORIZON CORP &lt;HZN> 4TH QTR NET</TITLE>
+<DATELINE>    FOUNTAIN HILLS, Ariz., March 5 -
+    </DATELINE><BODY>Oper shr profit 1.66 dlrs vs loss eight cts
+    Oper net profit 12.0 mln vs loss 572,000
+    Revs 27.4 mln vs 4,311,000
+    Year
+    Oper shr profit 1.36 dlrs vs loss 43 cts
+    Oper net profit 9,817,000 vs loss 2,433,000
+    Revs 35.0 mln vs 13.8 mln
+    Avg shrs 7,224,000 vs 6,731,000
+    NOTE: 1985 net includes tax credits of 492,000 dlrs in
+quarter and 2,433,000 dlrs in year.
+    1985 net both periods excludes 168,000 dlr loss from
+discontinued operations.
+    1986 net both periods includes pretax gain 21.8 mln dlrs
+from sale of remaining interest in Paradise Hills, N.M.,
+development.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18447" NEWID="2029">
+<DATE> 5-MAR-1987 09:45:10.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0115&#31;reute
+r f BC-thomson   03-05 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;INTERNATIONAL THOMSON ORGANISATION LTD> YEAR</TITLE>
+<DATELINE>    TORONTO, Mar 5 -
+    </DATELINE><BODY>Shr 33p vs 38p
+    Net 97 mln vs 111 mln
+    Revs 1.71 billion vs 1.76 billion
+    NOTE: Figures in sterling.
+    Share results after deducting preferred share dividends of
+one mln pounds sterling in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18448" NEWID="2030">
+<DATE> 5-MAR-1987 09:45:49.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0118&#31;reute
+u f BC-FRENCH-FARMERS-STRONG   03-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FARMERS STRONGLY CRITICISE EC MILK PACT</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>The EC agriculture ministers' agreement on
+reducing dairy output puts milk producers in an impossible
+situation, French farm unions said.
+    The accord to limit butter sales into intervention, part of
+planned dairy output cuts of 9-1/2 pct over two years, will cut
+milk producers' income, a spokeswoman for France's largest farm
+union, the FNSEA, said.
+    The move has destroyed part of the Common Agricultural
+Policy, French milk producers said in a press release.
+    But Agriculture Minister Francois Guillaume said
+repercussions of the plan will affect dairies, not farmers.
+    "If there are negative repercussions, it will be at the
+level of the dairies which have never looked for new outlets
+for butter and milk," he told journalists during a visit to
+Rouen.
+    FNSEA president Raymond Lacombe said on French radio the
+milk sector needs restructuring by encouraging early retirement
+and helping young farmers to start. But Commission proposals,
+rejected by ministers, would have frozen land prices, he said.
+    The FNSEA says it will demonstrate over Commission
+proposals to freeze most 1987/88 farm prices and cut supports.
+Pig farmers have held violent demonstrations over falling pork
+prices and milk producers blocked roads in protest at cuts in
+milk output.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18449" NEWID="2031">
+<DATE> 5-MAR-1987 09:52:38.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0137&#31;reute
+b f BC-IBJ-ESTABLISHES-200-M   03-05 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBJ ESTABLISHES 200 MLN STG CD PROGRAMME</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The Industrial Bank of Japan Ltd (IBJ),
+London Branch, said it is establishing a sterling certificate
+of deposit (CD) issuance programme for up to 200 mln stg.
+    The arranger is LLoyds Merchant Bank Ltd and dealers are
+LLoyds, Samuel Montagu and Co Ltd, Morgan Grenfell and Co Ltd
+and S.G. Warburg and Co Ltd.
+    The paper will have maturities between seven and 365 days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18450" NEWID="2032">
+<DATE> 5-MAR-1987 09:53:39.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0139&#31;reute
+f f BC-******MOBIL'S-MONTGOM   03-05 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOBIL'S MONTGOMERY WARD AND CO FEBRUARY SALES UP 12.7 PCT ON COMPARABLE STORE BASIS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18451" NEWID="2033">
+<DATE> 5-MAR-1987 09:54:03.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0140&#31;reute
+r f BC-EQUATORIAL-COMMUNICAT   03-05 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUATORIAL COMMUNICATIONS CO &lt;EQUA> 4TH QTR LOSS</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., March 4 -
+    </DATELINE><BODY>Shr loss 3.84 dlrs vs nil
+    Net loss 56,879,000 vs profit 23,000
+    Rev 10.3 mln vs 17.7 mln
+    Year
+    Shr loss 4.60 dlrs vs profit 14 cts
+    Net loss 67,818,000 vs profit 1,807,000
+    Rev 50.9 mln vs 56.1 mln
+    Avg shares 14,734,000 vs 12,801,000
+    NOTE: Fourth qtr net includes a one-time restructuring
+charge of 45.2 mln dlrs. 1985 net income includes extraordinary
+gain of 3.2 mln dlrs, or 25 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18452" NEWID="2034">
+<DATE> 5-MAR-1987 09:55:41.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0142&#31;reute
+u f BC-IRAQ-SAYS-IT-CRUSHES   03-05 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IT CRUSHES NEW IRANIAN BASRA OFFENSIVE</TITLE>
+<DATELINE>    BAGHDAD, March 5 - </DATELINE><BODY>Iraq said its forces killed or wounded
+15,000 Iranian Revolutionary Guards as they crushed a new
+Iranian offensive near the strategic port city of Basra.
+    A high command war communique said four Revolutionary
+Guards divisions attacked Iraqi positions east of Basra on the
+Gulf War southern front, but they were fully crushed by noon
+(0900 GMT).
+    Adbul-Jabbar Mohsen, chief of the defence ministry
+political department, said the Iranians had 15,000 casualties.
+    Iran earlier today said its forces launched fresh attacks
+near Basra last night, adding that 1,200 Iraqis were killed or
+wounded in fighting near Fish Lake, 10 km east of Basra.
+    In its first reaction to Tehran reports of a new Iranian
+offensive on the northern front, Iraq said fighting continues
+around the strategic mountain peak of Kardamanend, overlooking
+the Haj Omran-Rawandiz axis close to the Iranian border.
+    A military spokesman said Iran launched its attack in the
+north "to (turn) Iraqi attention towards that area and relax
+pressure in the south."
+    He added, "Iraq knows well that Iran's main goal is to
+occupy Basra in the south and that was the reason why Iraq has
+repelled their new offensive so decisively and firmly."
+    Iran reported heavy fighting on both fronts today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18453" NEWID="2035">
+<DATE> 5-MAR-1987 09:55:46.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0143&#31;reute
+b f BC-thomson   03-05 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>INTERNATIONAL THOMSON ORGANISATION LTD YEAR SHR 33P VS 38P
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18511" NEWID="2036">
+<DATE> 5-MAR-1987 09:56:03.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0144&#31;reute
+b f BC-ENZON-&lt;ENZN>-SAYS-DRU   03-05 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENZON &lt;ENZN> SAYS DRUG TREATS DISEASE</TITLE>
+<DATELINE>    SOUTH PLAINFIELD, N.J., March 5 - </DATELINE><BODY>Enzon Inc said a new
+treatment using its investigational new drug PEG-ADA has
+restored the functioning of the immune system in the first two
+children that were born deficient in the enzyme adenosine
+deaminase.
+    The disorder is known as severe combined immunodeficiency
+disease, or "bubble boy disease"
+    Bubble Boy Disease is a rare but severe disease that
+hampers the development of the immune system. It has killed
+most of its victims before adulthood.
+    Children with the disease are consigned to live in a
+sterile environment, such as a plastic bubble, to avoid
+infection, the company said.
+    The study of Enzon's drug, conducted at Duke University,
+showed that two children suffering from the disease were
+treated for 11 and seven months, respectively, and were free of
+serious infection during that time, the company said. The
+results were published in the New England Journal of Medicine.
+    The disease is caused by a missing enzyme, called Adenosine
+Deaminase, or ADA, that is crucial to the development of the
+immune system.
+    Enzon said it has developed a technology to coat the enzyme
+with a substance called polyethylene glycol, or PEG, serving to
+disguise the enzyme when it is reintroduced into the body,
+preventing rejection.
+    "Marked improvement in laboratory tests of immune function
+occurred in each child, along with an increase in the number of
+T-lymphocytes, the immune cells that were missing before
+treatment with PEG-ADA had begun," the study said.
+    "The children are now more active and have begun to gain
+weight and height. Before treatment their growth had been very
+poor in comparison to normal children of the same age," the
+study, conducted by Doctors Michael Hershfield and Rebecca
+Buckley, said.
+    The PEG-ADA injections were given once a week. Victims of
+the disease have traditionally been treated by bone marrow
+transplants, but for most, donors are not available or
+transplantation is unsuccessful, the company said. Other
+diseases caused by a missing enzyme might also be treated by
+introducing a PEG coated enzyme, the article noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18454" NEWID="2037">
+<DATE> 5-MAR-1987 09:57:00.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0149&#31;reute
+f f BC-******MCI-COMMUNICATI   03-05 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MCI COMMUNICATIONS CALLS FOR IMMEDIATE DEREGULATION OF ATT    
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18455" NEWID="2038">
+<DATE> 5-MAR-1987 09:58:35.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0154&#31;reute
+b f BC-******F.W.-WOOLWORTH   03-05 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>F.W. WOOLWORTH CO FEBRUARY SALES INCREASE 11.3 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18456" NEWID="2039">
+<DATE> 5-MAR-1987 09:59:40.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0160&#31;reute
+r f BC-TRIMEDYNE-&lt;TMED>-TO-S   03-05 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIMEDYNE &lt;TMED> TO SPIN OFF STAKE IN UNIT</TITLE>
+<DATELINE>    SANTA ANA, Calif., March 5 - </DATELINE><BODY>Trimedyne Inc said it will
+distribute one Class B common share of &lt;Automedix Sciences Inc>
+for each four Trimedyne shares held of record on March Nine.
+    The company said in the spinoff it is distributing its
+entire 44 pct interesdt in Automedix.  The spun-off stock will
+not be saleable for 13 months, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18457" NEWID="2040">
+<DATE> 5-MAR-1987 10:00:29.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0163&#31;reute
+b f BC-K-MART-&lt;KM>-FEBRUARY   03-05 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART &lt;KM> FEBRUARY SALES UP 8.2 PCT</TITLE>
+<DATELINE>    TROY, Mich., March 5 - </DATELINE><BODY>K Mart Corp said February sales 
+rose 13.1 pct from a year ago and comparable store sales in the
+four-week period ended February 25 rose 8.2 pct.
+    K Mart said consolidated sales in the period were 1.46
+billion dlrs compared with 1.29 billion last year. It said the
+year-ago figures excluded sales for discontinued operations.
+    K Mart cited "favorable consumer response to our
+merchandise programs" and said its specialty retailers had
+"excellent February sales."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18458" NEWID="2041">
+<DATE> 5-MAR-1987 10:00:45.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0165&#31;reute
+b f BC-*****HECK'S-INC-TO-RE   03-05 0006</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>HECK'S INC TO RELEASE NEWS SHORTLY .
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18459" NEWID="2042">
+<DATE> 5-MAR-1987 10:01:44.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0171&#31;reute
+r f BC-CASEY'S-GENERAL-STORE   03-05 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASEY'S GENERAL STORES INC &lt;CASY> 3RD QTR JAN 31</TITLE>
+<DATELINE>    DES MOINES, Iowa, March 5 -
+    </DATELINE><BODY>Shr 16 cts vs 13 cts
+    Net 1,900,000 vs 1,600,000
+    Sales 68.2 mln vs 69.6 mln
+    Nine mths
+    Shr 60 cts vs 43 cts
+    Net 7,100,000 vs 4,700,000
+    Sales 214.0 mln vs 219.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18460" NEWID="2043">
+<DATE> 5-MAR-1987 10:02:32.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0176&#31;reute
+f f BC-******J.C.-PENNEY-FEB   03-05 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>J.C. PENNEY FEBRUARY STORE AND CATALOG SALES UP 5.3 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18461" NEWID="2044">
+<DATE> 5-MAR-1987 10:02:53.85</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>barley</D><D>corn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0179&#31;reute
+u f BC-FRENCH-FREE-MARKET-CE   03-05 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>French operators have requested licences
+to export 40,000 tonnes of free market feed wheat, 32,500
+tonnes of soft bread wheat, 375,000 tonnes of barley and
+465,000 tonnes of maize at today's European Community tender,
+trade sources here said.
+    Rebates requested ranged between 134 and 136.50 European
+currency units (Ecus) a tonne for the feed wheat, 137.39 and
+141.50 Ecus a tonne for the bread wheat, 137.93 and 142.95 Ecus
+for the barley and 133.75 and 140.25 Ecus for the maize.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18462" NEWID="2045">
+<DATE> 5-MAR-1987 10:03:24.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0183&#31;reute
+b f BC-OCCIDENTAL-&lt;OXY>-OFFE   03-05 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> OFFERS OVER 37 MLN SHARES</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Occidental Petroleum Corp said its
+common stock offering has been further increased to a total of
+37,950,000 shares.
+    The company explained that underwriters exercised in full
+their option to increase tohe offering by buying an additional
+4,950,000 shares over and above the 33 mln brought to market
+yesterday. Originally, Occidental had planned to offer 30 mln
+shares. It had 165 mln outstanding prior to the offering.
+    The underwriters are Drexel Burnham Lambert Inc, Kidder
+Peabody and Co Inc and Salomon Brothers Inc.
+    At the public offering price of 30.50 dlrs a share,
+Occidental said, the total value of the offering was nearly
+1.16 billion dlrs, making it the largest underwritten common
+equity offering by a U.S. natural resource company.
+    The company said the significant financial improvements
+from applying the net proceeds of the offering, principally to
+the reduction of debt, along with its 1986 restructuring of oil
+and gas operations and the acquisition of Midcon Corp have
+positioned Occidental to benefit from an improving oil and gas
+industry environment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18463" NEWID="2046">
+<DATE> 5-MAR-1987 10:03:43.41</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0186&#31;reute
+u f BC-DIAMOND-SHAMROCK-&lt;DIA   03-05 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND SHAMROCK &lt;DIA> RAISES CRUDE OIL POSTINGS</TITLE>
+<DATELINE>    NEW YORK, MAR 5 - </DATELINE><BODY>Diamond Shamrock said it raised its
+posted prices for all grades of crude oil one dlr a barrel,
+effective yesterday.
+    The one dlr increase brings West Texas Intermediate, WTI
+the U.S. benchmark crude, to 17.00 dlrs a bbl, the company
+said.
+    Diamond Shamrock joined Sun Co, Coastal, Citgo and Murphy
+Oil in raising crude oil posted prices one dlr a barrel
+yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18464" NEWID="2047">
+<DATE> 5-MAR-1987 10:04:23.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0190&#31;reute
+r f BC-OAK-HILL-SPORTSWEAR-C   03-05 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OAK HILL SPORTSWEAR CORP &lt;OHSC> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 5 -
+    </DATELINE><BODY>Shr 27 cts vs 28 cts
+    Net 1,026,000 vs 1,025,000
+    Sales 27.8 mln vs 25.4 mln
+    Year
+    Shr 95 cts vs 16 cts
+    Net 3,682,000 vs 598,000
+    Sales 102.1 mln vs 100.4 mln
+    Avg shrs 3,858,000 vs 3,700,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18465" NEWID="2048">
+<DATE> 5-MAR-1987 10:04:32.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0191&#31;reute
+r f BC-OAK-INDUSTRIES-INC-&lt;O   03-05 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OAK INDUSTRIES INC &lt;OAK> 4TH QTR LOSS</TITLE>
+<DATELINE>    SAN DIEGO, March 5 -
+    </DATELINE><BODY>Oper shr loss five cts vs loss 50 cts
+    Oper net loss 3,862,000 vs loss 15,900,000
+    Sales 42.6 mln vs 38.8 mln
+    Avg shr 72.1 mln vs 31.7 mln
+    Year
+    Oper shr loss 51 cts vs loss 2.10 dlrs
+    Oper net loss 30.3 mln vs 51.3 mln
+    Sales 151.7 mln vs 153.1 mln
+    Avg shrs 59.4 mln vs 24.4 mln
+    Backlog 57.1 mln vs 52.9 mln
+    NOTES: Operating losses exclude profits from discontinued
+operationgs of 1,000,000 dlrs, or one cent a share, vs
+2,493,000 dlrs, or eight cts a share, in quarter and 65.0 mln
+dlrs, or 1.09 dlrs a share, vs 13.7 mln dlrs, or 56 cts a
+share, in year
+    1986 year operating loss also excludes extraordinary gain
+of of 25.6 mln dlrs, or 43 cts a share
+    Backlog, which includes only orders to be shipped within 12
+mths, was 63.0 mln dlrs on January 31. Orders to be shipped
+beyond 12 mths were 27.6 mln dlrs vs 17.1 mln dlrs at December
+31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18466" NEWID="2049">
+<DATE> 5-MAR-1987 10:04:36.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0192&#31;reute
+s f BC-REGIS-CORP-&lt;RGIS>-REG   03-05 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGIS CORP &lt;RGIS> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 5 -
+    </DATELINE><BODY>Qtly div 4-1/2 cts vs 4-1/2 cts prior
+    Pay April 15
+    Record March 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18467" NEWID="2050">
+<DATE> 5-MAR-1987 10:05:25.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0196&#31;reute
+u f BC-JAMESWAY-&lt;JMY>-FEBRUA   03-05 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMESWAY &lt;JMY> FEBRUARY SALES UP 13 PCT</TITLE>
+<DATELINE>    SECAUCUS, N.J., March 5 - </DATELINE><BODY>Jamesway Corp said it had sales
+for the four weeks ended February 28, excluding leased
+departments, were 31.7 mln dlrs, up 13 pct from 28.0 mln dlrs
+in the comperable four week period a year earlier.
+    On a store for store basis, the company said, sales
+increased five pct. It operated 100 stores last month, up from
+92 in February 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18468" NEWID="2051">
+<DATE> 5-MAR-1987 10:09:59.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0209&#31;reute
+u f BC-K-MART-&lt;KM>-COMPARABL   03-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART &lt;KM> COMPARABLE-STORE FEBRUARY SALES UP</TITLE>
+<DATELINE>    TROY, Mich., March 5 - </DATELINE><BODY>K Mart Corp said February sales 
+rose 13.1 pct from a year ago and comparable store sales in the
+four-week period ended February 25 rose 8.2 pct.
+    K Mart said consolidated sales in the period were
+1,459,193,000 dlrs compared with 1,289,635,000 dlrs last year.
+It said the year-ago figures excluded sales for discontinued
+operations such as Designer Depots, Furr's Cafeterias and
+Bishop Buffets.
+    K Mart cited "favorable consumer response to our
+merchandise programs" and said its specialty retailers had
+"excellent February sales."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18469" NEWID="2052">
+<DATE> 5-MAR-1987 10:11:50.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0214&#31;reute
+r f BC-Trade   03-05 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONGRESS MAY CURB U.S. AID TO DEVELOPMENT BANKS</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Congressional ire is rising against
+the multinational development banks which make loans to help
+other countries produce goods in direct competition with
+beleagured U.S. farmers and miners.
+    With a record U.S. trade deficit of 169 billion dlrs last
+year and a farm economy in the doldrums, Congress is pressing
+to hold back U.S. funds for the World Bank and other
+development banks if the money is used to subsidize production
+or to produce goods already in oversupply around the world.
+     "American tax dollars are being used to subsidize foreign
+agriculture and mineral production that is often in direct
+competition with our producers," Senator Don Nickles, an
+Oklahoma Republican, said in a letter to fellow senators
+seeking support for his legislation to limit these loans.
+    Nickles and Senator Steven Symms, a conservative Republican
+from Idaho, have introduced legislation that would strictly
+limit U.S. funding of multinational development banks if they
+make any loans to help developing countries produce surplus
+commodities or minerals.
+    Current law requires that the United States vote against
+such loans but carries no reprisals if they are ultimately
+approved by the banks.
+    Treasury Secretary James Baker's assurances that U.S.
+policy is to oppose these loans did not satisfy concerns raised
+at two Senate committee hearings last week.
+    Baker told a Senate Appropriations subcommittee on Foreign
+Operations, "As a policy matter, we oppose loans for production
+of commodities in oversupply."
+    The senators cited a 350-mln-dlr World Bank loan made to
+Argentina last year to help it increase its agricultural
+exports by one billion dlrs a year by 1989.
+    Nickles, Symms and others also have cited other loans such
+as a 1985 World Bank loan to Hungary to expand livestock
+exports and 500 mln dlrs lent to Thailand from 1981 to 1985 at
+low interest rates for agriculture.
+    Last year the Republican-controlled Senate voted three
+times over the objections of the administration to cut U.S.
+funding of development banks by the amount of these loans.
+    But even with a 65 to 15 vote in favour of the proposal,
+the restrictions were weakened in the final version. Only a
+provision directing U.S. officials to vote disapproval cleared
+Congress.
+    This year's version, called the Foreign Agricultural
+Investment Reform (FAIR) Act would require the U.S. to vote
+against loans designed to increase production of surplus
+commodities and minerals. Also, the recipient countries would
+have to prove that the production, marketing and export of the
+commodities could be handled without government subsidy.
+    If the loan is approved over U.S. objections, the United
+States would not increase or replenish funds for that
+institution until it agrees to stop making such loans.
+    Objections to such loans have most often been raised by
+conservative Republicans who have traditionally opposed U.S.
+funding for these international development banks.
+    But the loss of many jobs to foreign competition has raised
+similar concerns among more moderate senators.
+    The administration opposes any legislation that would tie
+its hands in votes on the loans. It argues there might be
+instances in which a country needed the money to continue its
+moves toward U.S. policies in other areas.
+    Baker said the United States would continue to use its
+leverage in the banks to require foreign trade liberalization
+measures, often in the form of elimination of subsidies.
+    Two House Republicans, Representatives Larry Craig of Idaho
+and Beau Bolter of Texas, have introduced the bill. But it
+faces stiff opposition in the House Banking Committee which has
+blocked its consideration by the House in the past.
+    Symms intends to offer the bill as an amendment to any
+related legislation this year, an aide said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18470" NEWID="2053">
+<DATE> 5-MAR-1987 10:13:13.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0219&#31;reute
+d f BC-EQUATORIAL-&lt;EQUA>-SIG   03-05 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUATORIAL &lt;EQUA> SIGNS PACT WITH CONTEL UNIT</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., March 5 - </DATELINE><BODY>Equatorial Communications
+Co, a satellite data network concern, said it has signed an
+agreement with Contel Corp's &lt;CTC>, Contel ASC, unit allowing
+Contel ASC to buy 3.6 mln shares of Equatorial stock at 3.25
+dlrs per share.
+    In addition, Equatorial said under the agreement Contel ASC
+would buy a minimum of 10 mln dlrs of equipment from
+Equatorial, loan Equatorial up to six mln dlrs and assume a
+portion of Equatorial's rights and obligations under a
+satellite transponder lease.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18471" NEWID="2054">
+<DATE> 5-MAR-1987 10:13:54.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0223&#31;reute
+d f BC-MANNESMANN-SEEKS-STAK   03-05 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANNESMANN SEEKS STAKE IN U.S. FIRM</TITLE>
+<DATELINE>    DUESSELDORF, March 5 - </DATELINE><BODY>Mannesmann AG &lt;MMWG.F>, the
+diversified engineering and pipe-making group, is interested in
+taking a stake in a U.S. Company or companies but has not yet
+found a suitable firm, a spokesman said in reply to questions.
+    Mannesmann managing board chairman Werner Dieter told the
+business weekly Wirtschaftswoche in an interview that
+Mannesmann wanted to invest in a U.S. Company in order to
+strengthen its presence on the U.S. Market.
+    Dieter said Mannesmann would act quickly when and if it
+found a firm in which it wanted to take a stake.
+    The Mannesmann spokesman declined to say in which
+industrial sector the group may make a U.S. Acquisition or how
+big the acquisition might be.
+    He also said the group had not yet completed taking over a
+stake in car components firm &lt;Fichtel und Sachs AG>.
+    Mannesmann had said in January it hoped to take a 37.5 pct
+stake in Fichtel und Sachs's holding company, Sachs AG, in the
+first quarter. The spokesman said Mannesmann had a letter of
+intent on the takeover from the heirs of the company's late
+owner but completion has been delayed by legal questions
+concerning the inheritance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18472" NEWID="2055">
+<DATE> 5-MAR-1987 10:15:44.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0228&#31;reute
+u f BC-AMERICAN-INT'L-GROUP   03-05 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN INT'L GROUP INC &lt;AIG> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 5 -
+    </DATELINE><BODY>Shr 1.83 dlrs vs 77 cts
+    Net 296.6 mln vs 120.1 mln
+    Year
+    Shr 4.90 dlrs vs 2.76 dlrs
+    Net 795.8 mln vs 420.5 mln
+    NOTE: Includes gains of 139.2 mln vs 46.8 mln in year and
+94.0 mln vs 11.6 mln from capital gains from investments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18473" NEWID="2056">
+<DATE> 5-MAR-1987 10:17:54.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0241&#31;reute
+r f BC-SYSTEMS-FOR-HEALTH-CA   03-05 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYSTEMS FOR HEALTH CARE IN ONE-FOR-50 SPLIT</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>Systems for Health Care Inc said it
+repositioned the company through a one-for-50 reverse stock
+split.
+    It said there are now 3,002,500 common shares outstanding
+with a quoted price of about 7/8 bid, compared to 150,125,000
+shares outstanding prior to the split.
+    In another recent development, Systems for Health Care
+formally changed its name to its present form from Orcas Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18474" NEWID="2057">
+<DATE> 5-MAR-1987 10:18:25.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0245&#31;reute
+r f BC-FIRST-EXECUTIVE-CORP   03-05 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST EXECUTIVE CORP &lt;FEXC> GIVES UNIT FUNDS</TITLE>
+<DATELINE>    LOS ANGELES, March 5 - </DATELINE><BODY>First Executive Corp said that its
+principal subsidiary contributed 152 mln dlrs to one of its
+divisions to cover credits it wrongfully took on its 1983 to
+1985 regulatory accounting statements.
+    The company said Executive Life Insurance Co gave the
+capital infusion to its subsidiary, Executive Life Insurance Co
+of New York. It said the new funds bring to 280 mln dlrs the
+company has received from its parent the past three years.
+    Executive Life Insurance Co of New York admitted a
+violation of state insurance law and paid a fine of 250,000
+dlrs levied by the New York Insurance Department, according to
+the company.
+    Executive Life of New York took credits for reinsurance
+agreements that provided less protection to the insurer and its
+policyholders than New York rules require, according to
+published reports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18475" NEWID="2058">
+<DATE> 5-MAR-1987 10:18:32.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0246&#31;reute
+r f BC-&lt;HARD-ROCK-CAFE-PLC>   03-05 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;HARD ROCK CAFE PLC> SETS INITIAL U.S. OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Hard Rock Cafe PLC said it has filed
+for an initial U.S. offering of 2,240,000 American Depositary
+Shares representing 11.2 mln Class A ordinary shares.
+    It said 240,000 of the ADS's will be sold by a current
+shareholder.
+    Lead underwriter is &lt;Drexel Burnham Lambert Inc>.
+    The company said proceeds will be used for the financing of
+additional restaurants, the expansion of existing restaurants
+and retail operations and the repayment of debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18476" NEWID="2059">
+<DATE> 5-MAR-1987 10:18:46.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0247&#31;reute
+b f BC-BELGIUM-TO-ISSUE-150   03-05 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM TO ISSUE 150 BILLION FRANC STATE LOAN</TITLE>
+<DATELINE>    BRUSSELS, March 5 - </DATELINE><BODY>Belgium is to issue a 150 billion
+franc, eight-year state loan carrying a coupon of eight pct, a
+Finance Ministry spokesman said.
+    Pricing will be fixed next week.
+    The spokesman said the loan will feature a call option
+after four years at a price also to be determined.
+    Some 120 billion francs of the loan will be taken up by
+members of the issuing consortium, comprising major Belgian
+commercial banks, and the remaining 30 billion by semi-state
+owned financial institutions.
+    The most recent public authority loan stock issue, for the
+state road building fund Fonds des Routes, was also for eight
+years with an eight pct coupon. It was priced at par.
+    The issue also featured a call option after four years at
+102, falling to 101-1/2 after five and by a half point each
+year thereafter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18477" NEWID="2060">
+<DATE> 5-MAR-1987 10:18:51.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0248&#31;reute
+f f BC-******MAY-DEPARTMENT   03-05 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MAY DEPARTMENT STORES CO FEBRUARY SALES RISE 15 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18478" NEWID="2061">
+<DATE> 5-MAR-1987 10:20:40.73</DATE>
+<TOPICS><D>earn</D><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0253&#31;reute
+d f BC-ROYAL-DUTCH/SHELL-U.S   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL DUTCH/SHELL U.S. EARNINGS SHARPLY LOWER</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Royal Dutch/Shell Group &lt;RD.AS> earnings
+for 1986 from the U.S. Fell sharply because of difficult market
+conditions, lower crude and gas prices and also due to
+different accounting methods, Shell chairman Peter Holmes said.
+    The Shell Oil dollar net income fell 47 pct in the year,
+while the additional effect of currency movements reduced the
+contribution to group net income by 57 pct to 472 mln stg.
+    The group earlier reported a drop in net income for the
+year to 2.54 billion stg from 3.03 billion previously, with
+lower crude prices outweighing the effect of increased sales by
+volume.
+    Although the figures were lower, they were nonetheless at
+the top end of market forecasts. Shell Transport and Trading
+Plc &lt;SC.L> shares, the U.K. Arm of the group, rose to 11.39 stg
+from a close last night of 11.06 stg. Analysts noted that a
+general collapse in exploration and production volumes was
+partially offset by earnings from chemicals rising to 462 mln
+stg from 205 mln in 1985.
+    Also, a windfall tax credit and lower than expected
+currency losses had added about 100 mln stg onto fourth quarter
+results, which was the main reason for the figures exceeding
+forecasts, industry analyst Chris Rowland of Barclays de Zoete
+Wedd noted.
+    However, he added there could well be a sharp fall in
+performance in the first quarter of 1987, due to the
+improbability that the group would be able to repeat the high
+refining and marketing margins of first quarter 1986.
+    The impact of recovering oil prices would come through
+faster on the downstream side than on the upstream as such a
+high proportion of upstream activity centred on gas, which
+typically reacted to oil price changes with about a half-year
+lag, analysts said.
+    Holmes said that in the upstream U.S. Sector the third
+quarter of 1986 had been the worst of all.
+    Only two of the oil majors had managed to make a profit in
+the period, with Shell Oil being one of them. The decrease in
+U.S. Earnings had been accentuated by tax rates but the group
+had increased share to become volume market leader, Holmes
+added.
+    Continued low crude oil prices would continue to subdue
+U.S. Exploration activity. "Exploration is currently pretty
+flat. We are going to go on, but at 16-18 dlrs there will be no
+massive upturn," he said.
+    A renewal of exploration in high cost areas of the North
+Sea and the U.S. Requires prices of around 25 dlrs a barrel.
+    Ultimately this would lead to a rise in U.S. Imports. "If
+you are not exploring you are not going to find anything," he
+noted.
+    U.S. Oil production had dropped some half mln barrels a day
+(bbd) in 1986 and would continue to fall if the price stayed
+below 20 dlrs a barrel.
+    This favored OPEC's attempts to stabilise prices, as the
+lower the price the more likelihood there was of non-OPEC
+marginal production shutting down. "OPEC has done pretty
+extraordinarily well...Everything is moving in (its) direction,"
+he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18479" NEWID="2062">
+<DATE> 5-MAR-1987 10:21:29.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0258&#31;reute
+u f BC-J.C.-PENNEY-&lt;JCP>-FEB   03-05 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.C. PENNEY &lt;JCP> FEBRUARY SALES 5.3 PCT</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>J.C. Penney co Inc said sales for the
+four weeks ended February 28 for its JCPenney stores and
+catalogs were up 5.3 pct to 780 mln dlrs from 741 mln dlrs a
+year earlier, with comparable store sales up 5.5 pct.
+    The company said total company sales for the period were up
+6.0 pct to 888 mln dlrs from 838 mln dlrs, with same-store
+sales up 6.3 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18480" NEWID="2063">
+<DATE> 5-MAR-1987 10:21:41.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0259&#31;reute
+u f BC-F.W.-WOOLWORTH-&lt;Z>-FE   03-05 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>F.W. WOOLWORTH &lt;Z> FEBRUARY SALES INCREASE</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>F.W. Woolworth Co said total sales for
+the four weeks ended February 28 rose 11.3 pct to 416 mln, from
+374 mln in the comparable 1986 period.
+    Woolworth said domestic sales increased 7.1 pct, to 249 mln
+from 233 mln, while foreign sales rose 18.4 pct to 167 mln,
+from 141 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18481" NEWID="2064">
+<DATE> 5-MAR-1987 10:22:24.09</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0266&#31;reute
+r f BC-BANKERS-WELCOME-SPANI   03-05 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS WELCOME SPANISH RESERVE REQUIREMENT HIKE</TITLE>
+<DATELINE>    MADRID, March 5 - </DATELINE><BODY>Bankers welcomed the Bank of Spain's
+decision to raise the reserve requirement for banks and savings
+banks, saying it reflected the socialist government's
+determination not to ease up in the fight against inflation
+despite the painful social effects of four years of austerity.
+    The central bank last night raised the requirement by one
+percentage point to 19 pct from March 13, saying that excess
+liquidity threatened money supply and inflation targets.
+    Bankers said the move represented a change of tactic by the
+Bank, which until now has relied on raising interest rates to
+choke off money supply growth.
+    "I think it's a good measure," a senior foreign banker said.
+"It's a faster way to get the job done than using interest rates
+and avoids unpleasant effects on other areas of the economy."
+    "It shows that the political will is very strong. They know
+that controlling inflation will make industry more competitive
+and bring down unemployment in the long run," he added.
+    The head of another foreign bank said that only a month
+ago, the Bank of Spain had dismissed his suggestion of a rise
+in reserve requirements, preferring to pursue its strategy of
+raising interest rates.
+    But bankers said the high real interest rates on offer now
+-- around eight pct for overnight funds -- was attracting money
+from abroad, strengthening the peseta and making Spanish
+exports less competitive.
+    The government says industry's competitiveness is also
+being hit hard by inflation. At 8.3 pct last year, the rate was
+way above that of Spain's major trading partners in the
+European Community, which it joined a year ago.
+    To help meet this year's target of five pct, it is
+insisting pay rises stay at that level, setting the stage for
+clashes with trade unions, who say they have made enough
+sacrifices.
+    Demonstrations by workers, students and farmers, whose
+demands essentially involve more government spending, have
+become an almost daily occurrence. But Prime Minister Felipe
+Gonzalez insists that the state is doing as much as it can.
+    Bankers said the reserve requirement increase could have
+some impact on commercial lending rates but should not hit the
+money market too hard.
+    The Bank of Spain, which only yesterday raised its key
+overnight call money rate to 13.5 pct, left it unchanged at
+today's auction. The rate has been increased nine times since
+the start of the year, when it was below 12 pct.
+    Bankers said commercial lending rates were set to rise in
+any case with the end of the six pct maximium interest rate
+banks can offer for time deposits of up to six months.
+    The measure will take effect tomorrow, following the
+publication of the decree in today's official gazette. Bankers
+say the liberalisation will increase the cost of funds and,
+inevitably, push lending rates higher.
+    A companion measure, reducing the proportion of funds which
+banks must invest in specific areas, also takes effect
+tomorrow. Officials said when the cut was approved last month
+that it was aimed partly at compensating banks for higher
+interest rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18482" NEWID="2065">
+<DATE> 5-MAR-1987 10:22:36.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0268&#31;reute
+d f BC-GAMBRO-AB-&lt;GAMB-ST>-1   03-05 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAMBRO AB &lt;GAMB ST> 1986 YEAR</TITLE>
+<DATELINE>    STOCKHOLM, Mar 5 - Group profit after net financial items -</DATELINE><BODY>133.5 mln crowns vs 101 mln.
+    Sales 1.61 billion vs 1.51 billion.
+    Proposed dividend 0.80 crowns vs 0.40 crowns.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18483" NEWID="2066">
+<DATE> 5-MAR-1987 10:22:52.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0269&#31;reute
+d f BC-KLM-LOAD-FACTOR-HIGHE   03-05 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLM LOAD FACTOR HIGHER IN FEBRUARY</TITLE>
+<DATELINE>    AMSTERDAM, March 5 - </DATELINE><BODY>KLM Royal Dutch Airlines &lt;KLM.AS> said
+its load factor rose to 66.5 pct in February from 62.5 pct in
+January and 65.7 pct in February 1986.
+    The load factor was 66.6 pct in the April/February period
+of 1986/87 compared with 67.2 pct in the same period in
+1985/86.
+    Traffic rose 18 pct and capacity rose 17 pct in February
+versus 12 and 13 pct respectively in January.
+    In the April/February period of 1986/87 traffic rose nine
+pct and capacity rose 10 pct compared with eight and nine pct
+respectively in the same period in 1985/86.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18484" NEWID="2067">
+<DATE> 5-MAR-1987 10:23:36.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0273&#31;reute
+f f BC-******TRANSPORTATION   03-05 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRANSPORTATION AGENCY GIVES FINAL OKAY FOR US AIR PACIFIC SOUTHWEST ACQUISITION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18485" NEWID="2068">
+<DATE> 5-MAR-1987 10:24:42.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T L C
+&#22;&#22;&#1;f0276&#31;reute
+r f BC-EC-DAIRY-OUTPUT-ACCOR   03-05 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC DAIRY OUTPUT ACCORD PAVES WAY FOR MORE REFORM</TITLE>
+<DATELINE>    BRUSSELS, March 5 - </DATELINE><BODY>Officials and diplomats said EC farm
+ministers, who earlier this week ended another marathon
+negotiating session, achieved more than ever before in the
+fight to end food surpluses, and delighted EC officials are now
+preparing to carry the reform offensive into other areas.
+    Their immediate aim is to drain the wine and olive oil
+"lakes" and level the "grain mountain" that have brought the
+Community so much unwelcome publicity.
+    Earlier this week, ministers finally agreed after 36 hours
+of negotiations the fine details of an outline accord to cut
+milk output by 9.5 pct over two years and reduce butter stocks,
+now at a record 1.2 mln tonnes.
+    Officials said new rules, which place strict limits on
+farmers' rights to benefit from high subsidised prices, could
+be expected to reduce sales into intervention to a trickle and
+pave the way for reform in other surplus sectors.
+    The deal was reached despite determined attempts at
+backsliding by some states as the implications of the original
+outline accord reached last December began to sink in.
+    "Despite coming under tremendous pressure, the ministers
+never wavered from the main features of the deal," one senior
+official said, adding the result augured well for talks later
+this month on other reforms.
+    The Commission is leading the fight against food surpluses
+and has now proposed the most severe annual price review, at
+which ministers fix farm support prices, in the EC's history.
+    Most prices would be cut or frozen, new quality standards
+enforced, and most farmers' rights to sell to intervention
+curtailed. Officials say the measures could lead to effective
+price cuts for some low quality cereals of eight to 11 pct.
+    EC Commissioner Frans Andriessen is currently working on
+proposals to provide direct income aids to farmers to cushion
+them from the worst effects of a restrictive price policy and
+encourage ministers to swallow the reform pill.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18486" NEWID="2069">
+<DATE> 5-MAR-1987 10:25:07.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0279&#31;reute
+b f BC-******FEDERATED-DEPAR   03-05 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FEDERATED DEPARTMENT STORES FEBRUARY SALES UP 9.6 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18487" NEWID="2070">
+<DATE> 5-MAR-1987 10:26:01.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0286&#31;reute
+u f BC-MERCANTILE-STORES-&lt;MS   03-05 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCANTILE STORES &lt;MST> FEBRUARY SALES UP 6.9 PCT</TITLE>
+<DATELINE>    WILMINGTON, Del., March 5 - </DATELINE><BODY>Mercantile Stores Co Inc said
+its February sales totaled 113.2 mln dlrs, up 6.9 pct 105.9 mln
+dlrs in the year earlier month.
+    The company said its comparable store sales rose 4.3 pct
+last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18488" NEWID="2071">
+<DATE> 5-MAR-1987 10:26:54.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0290&#31;reute
+b f BC-MOBIL'S&lt;MOB>-MONTGOME   03-05 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL'S&lt;MOB> MONTGOMERY WARD FEBRUARY SALES UP</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>Mobil Corp said its Montgomery Ward and
+Co's retail sales for the four weeks ended February 28 rose
+12.7 pct on a comparable store basis to 276.7 mln from 249.0
+mln dlrs a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18489" NEWID="2072">
+<DATE> 5-MAR-1987 10:27:17.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0293&#31;reute
+u f BC-MCI-&lt;MCIC>-SEEKS-IMME   03-05 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCI &lt;MCIC> SEEKS IMMEDIATE ATT &lt;T> DEREGULATION</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>MCI Communications Corp. called for
+immediate federal deregulation of American Telephone and
+Telegraph Co., its principal competitor.
+    MCI said it will ask the Federal Communications Commission
+tomarrow to deregulate ATT in order to let marketplace forces
+govern the long distance telephone market.
+    "It's time to let the market manage ATT," MCI president Bert
+Roberts told a news briefing here.
+    MCI has seen its profits shaved recently by ATT long
+distance rate reductions ordered by the FCC following the
+breakup of the Bell System.
+    The MCI move signals its belief that ATT may raise profits
+rather than cut rates if deregulated.
+    To allay consumers' fears that deregulation might lead to
+price increases, Roberts said one alternative open to the FCC
+would be adoption of a transitional "price cap" concept.
+    Roberts noted that such a plan is backed by FCC
+commissioner Dennis Patrick, whose is widely expected to be
+named FCC chairman.
+    Roberts conceded that ATT's deregulation posed risks to
+MCI.
+    "The greater risk, however, is continuing the artificial
+market environment created by piecemeal FCC deregulation of
+ATT."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18490" NEWID="2073">
+<DATE> 5-MAR-1987 10:28:58.48</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0304&#31;reute
+u f BC-S.AFRICAN-MINE-MANAGE   03-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S AFRICA MINE MANAGERS FACE CHARGES IN DISASTER</TITLE>
+<DATELINE>    JOHANNESBURG, March 5 - </DATELINE><BODY>Seven managers and employees at
+General Mining Union Corp Ltd's Kinross Mines Ltd will face
+charges of culpable homicide following last year's disaster
+when 177 gold miners died, the Attorney General's Office said.
+    The mineworkers were killed last September at Kinross when
+a fire set off toxic fumes which suffocated miners underground.
+    Three of the accused face alternative charges of breaking
+safety regulations set out in the Mines and Works Act.
+    The spokesman said the case would probably be heard in
+Witbank Regional Court, near Kinross, in mid-May.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18491" NEWID="2074">
+<DATE> 5-MAR-1987 10:29:08.77</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f0305&#31;reute
+u f BC-WESTERN-CANADA-HURT-B   03-05 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN CANADA HURT BY INTERNATIONAL FORCES</TITLE>
+<DATELINE>    OTTAWA, March 5 - </DATELINE><BODY>Western Canada's resource-based economy
+is being hurt by international market forces and there is
+little Ottawa can do about it, Finance Minister Michael Wilson
+said.
+    "If you can tell me how we can get the international energy
+price up and how we can get the price for copper up and how we
+can get the price for wheat up, then we will listen," Wilson
+told the House of Comnons Finance Committee.
+    Although under pressure from oil companies and wheat
+farmers for help in battling depressed commodity prices, Wilson
+said it has to be recognized the area was a "prisoner of market
+forces outside the boundaries of this country."
+    Wilson, appearing before the committee to discuss the
+government's spending estimates released earlier this week,
+said the government is doing what it can in the region, citing
+more than 3.5 billion dlrs in aid for western agriculture.
+    "Those resources are a reflection of very real concerns on
+our part in dealing with a very difficult problem," Wilson said
+in response to questions about management of the economy from
+opposition party members.
+    He said the long term answer for depressed regions of the
+country was reaching a free trade pact with the United States,
+which he claimed would improve the outlook for Western Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18492" NEWID="2075">
+<DATE> 5-MAR-1987 10:29:32.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0307&#31;reute
+u f BC-AMES-DEPARTMENT-STORE   03-05 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMES DEPARTMENT STORES &lt;ADD> FEBRUARY SALES UP</TITLE>
+<DATELINE>    ROCKY HILL, Conn., March 5 - </DATELINE><BODY>Ames Department Stores Inc
+said sales for the four weeks ended February 28, the firstr
+month of its fiscal year, were up 30.4 pct to 113.6 mln dlrs
+from 87.1 mln dlrs a year earlier, with same-store sales up
+28.6 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18493" NEWID="2076">
+<DATE> 5-MAR-1987 10:30:15.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0309&#31;reute
+r f BC-AMGEN-&lt;AMGN>-FILES-TO   03-05 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMGEN &lt;AMGN> FILES TO OFFER TWO MLN SHARES</TITLE>
+<DATELINE>    THOUSAND OAKS, Calif., March 5 - </DATELINE><BODY>Amgen said it has filed
+for an offering of two mln common shares, including one mln to
+be sold outside the U.S.
+    It said U.S. underwriters will be led by PaineWebber Group
+Inc &lt;PWJ> and &lt;Montgomery Securities> and PaineWebber will lead
+the overseas underwriters.
+    Proceeds will be used to fund capital spending and working
+capital requirements on the commercialization and further
+development of Amgen products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18494" NEWID="2077">
+<DATE> 5-MAR-1987 10:30:54.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T
+&#22;&#22;&#1;f0311&#31;reute
+d f BC-KIECHLE-SEES-POSITIVE   03-05 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIECHLE SEES POSITIVE ASPECTS IN EC MILK ACCORD</TITLE>
+<DATELINE>    MUNICH, March 5 - </DATELINE><BODY>West German Farm Minister Ignaz Kiechle,
+who objected strongly to this week's European Community
+agreement to cut milk surpluses, conceded the accord would have
+the positive effect of stabilizing prices.
+    According to the text of a speech made in the town of
+Trudering, near Munich, Kiechle said farmers' earnings would
+benefit from more stable prices. He said he had rejected the
+agreement because he preferred there to be no change in the
+EC's system of intervention. However, an objective analysis of
+the accord showed it contained positive elements, he said.
+    No formal vote was taken on the EC accord, but a spokesman
+for the Agriculture Ministry in Bonn said Kiechle had made it
+clear in discussions in Brussels that he did not accept it.
+Ireland and Luxembourg were also opposed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18495" NEWID="2078">
+<DATE> 5-MAR-1987 10:31:02.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>argentina</D><D>hungary</D><D>thailand</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0312&#31;reute
+h f BC-Trade   03-05 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONGRESS EYES LOANS THAT AID U.S. COMPETITORS</TITLE>
+<AUTHOR>    By Jacqueline Frank, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Congressional ire is rising against
+the multinational development banks which make loans to help
+other countries produce goods in direct competition with
+beleagured American farmers and miners.
+    With a record trade deficit of 169 billion dlrs last year
+and a farm economy in the doldrums, Congress is pressing to
+hold back U.S. funds for the World Bank and other development
+banks if the money is used to subsidize production or to
+produce goods already in oversupply around the world.
+    "American tax dollars are being used to subsidize foreign
+agriculture and mineral production that is often in direct
+competition with our producers," Sen. Don Nickles, an Oklahoma
+Republican, said in a letter to fellow senators seeking support
+for his legislation to limit these loans.
+    Nickles and Sen. Steven Symms, a conservative Republican
+from Idaho, have introduced legislation that would strictly
+limit U.S. funding of multinational development banks if they
+make any loans to help developing countries produce surplus
+commodities or minerals.
+    Current law requires the United States to vote against such
+loans but carries no reprisals if they pass anyway.
+    Treasury Secretary James Baker's assurances that U.S.
+policy is to oppose these loans did not satisfy concerns raised
+at two Senate committee hearings last week.
+    Baker told a Senate Appropriations subcommittee on Foreign
+Operations, "as a policy matter, we oppose loans for production
+of commodities in oversupply."
+    The senators cited a 350 mln dlr World Bank loan made to
+Argentina last year to help it increase its agricultural
+exports by one billion dlrs a year by 1989.
+    Nickles, Symms and others also have cited other loans such
+as a 1985 World Bank loan to Hungary to expand livestock
+exports and 500 mln dlrs lent to Thailand from 1981 to 1985 at
+low interest rates for agriculture. Baker said the Argentine
+loan was "really the only one you can point to and criticize."
+    Last year the Republican-controlled Senate voted three
+times over the objections of the administration to cut U.S.
+funding of development banks by the amount of these loans.
+    Even with a favorable vote of 65 to 15, the restrictions
+were weakened in the final version. Only a provision directing
+U.S. officials to vote disapproval was enacted into law.
+    This year's proposal, called the Foreign Agricultural
+Investment Reform (FAIR) Act would require the U.S. to vote
+against loans designed to increase production of surplus
+commodities and minerals.
+    Also, the recipient countries would have to prove that the
+production, marketing and export of the commodities could be
+handled without government subsidy.
+    If the loan is approved over U.S. objections, the United
+States would not increase or replenish funds for that
+institution until it agrees to stop making such loans.
+    Objections to such loans have most often been raised by
+conservative Republicans who have traditionally opposed U.S.
+funding for these international development banks.
+    But the loss of many jobs to foreign competition has raised
+similar concerns among more moderate senators.
+    Democratic senator Barbara Mikulski of Maryland told Baker
+at the Senate Appropriations subcommittee hearing, "Many say the
+banks are financing competition for American jobs."
+    She recommended that the United States use its
+participation in debt forgiveness for developing country loans
+as a wedge to open markets to U.S. goods.
+    The administration opposes any legislation that would tie
+its hands in votes on the loans. It argues there might be
+instances in which a country needed the money to continue its
+moves toward U.S. policies in other areas.
+    Baker said the United States would continue to use its
+leverage in the banks to require foreign trade liberalization
+measures, often in the form of elimination of subsidies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18496" NEWID="2079">
+<DATE> 5-MAR-1987 10:31:43.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0315&#31;reute
+u f BC-AMERICAN-SOFTWARE-&lt;AM   03-05 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN SOFTWARE &lt;AMSWA> SETS STOCK SPLIT</TITLE>
+<DATELINE>    ATLANTA, March 5 - </DATELINE><BODY>American Software Inc said its board
+declared a three-for-two stock split on Class A and Class B
+common shares, payable March 31, record March 16.
+    The company said it expects to increase its semiannual
+dividend 12.5 pct to six cts per share post-split from eight
+cts pre-split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18497" NEWID="2080">
+<DATE> 5-MAR-1987 10:32:49.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0321&#31;reute
+u f BC-COMDATA-&lt;CDN>-IN-MERG   03-05 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMDATA &lt;CDN> IN MERGER AGREEMENT</TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 5 - </DATELINE><BODY>Comdata Network Inc said
+it has entered into a letter of intent with a limited
+partnership managed by Welsh, Carson, Anderson and Stowe (WCAS)
+to merge Comdata into a corproration to be formed by WCAS.
+    Comdata said in the merger each share of the company's
+stock would be converted at the holders election into either 15
+dlrs in cash or a combination of 10 dlrs in cash and a unit of
+securities including common stock.
+    Comdata said the terms are subject to the condition that
+WCAS' affiliate investors would own a minimum of 60 pct of the
+fully diluted stock of the new entity.
+    Comdata said WCAS and its affiliate investors would commit
+50 mln dlrs to buy the securities comprising the new entities
+units of securities resulting from the merger in the same
+proportions and at the same price as the company shareholders.
+    Comdata said the move is subject to execution of definitive
+agreement and approval by Comdata shareholders as well as
+obtaining up to 200 mln dlrs in debt financing.
+    WCAS told Comdata it believes that it can get commitments
+for this financing.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18498" NEWID="2081">
+<DATE> 5-MAR-1987 10:33:14.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0323&#31;reute
+r f BC-NOEL-INDUSTRIES-&lt;NOL>   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOEL INDUSTRIES &lt;NOL> BOARD APPROVES FINANCING</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Noel Industries Inc said its board
+approved in principle a private placement of 900 units, each
+unit consisting of 1,000 dlrs of nine pct senior subordinated
+convertible debentures due Marcxh 31, 1991, and 95 warrants to
+purchase Noel common.
+    The company said chief executive officer Leon Ruchlamer has
+supplemented the planned funding with 300,000 dlrs.
+    It said the investment package is subject to shareholder
+approval and will be presented to its adjourned shareholder
+meeting on March 26.
+    Noel said proceeds will be used for additional working
+capital and expanding its factory in Kingston, Jamaica.
+    It said the debentures, which will be priced at 100 pct,
+will have interest payable semi-annually and be convertible
+into common after April 30, 1987, at seven dlrs a share.
+    Each warrant will be exercisable after April 30 at 7.50
+dlrs a share, the company added.
+    It said holders of 80 pct of the units may request one
+registration by the company kof the underlying common shares
+any time after Jan 15, 1988. Holders of the debentures and
+warrants will also have piggyback registration rights.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18499" NEWID="2082">
+<DATE> 5-MAR-1987 10:33:53.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0330&#31;reute
+r f BC-BEST-BUY-&lt;BBUY>-FEBRU   03-05 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEST BUY &lt;BBUY> FEBRUARY SALES GAIN</TITLE>
+<DATELINE>    MINNEAPOLIS, March 5 - </DATELINE><BODY>Best Buy Co Inc said its sales for
+February rose five pct on a comparable-store basis to 20.7 mln
+dlrs from 10.4 mln dlrs a year ago.
+    It said for the 11 months, sales rose to 213.4 mln dlrs
+from 101.2 mln dlrs a year earlier.
+    Best Buy said sales for the current period are based on 23
+retail facilities compared with 12 retail outlets a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18500" NEWID="2083">
+<DATE> 5-MAR-1987 10:34:53.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0339&#31;reute
+r f BC-FEDERATED-DEPARTMENT   03-05 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED DEPARTMENT &lt;FDS> FEBRUARY SALES RISE</TITLE>
+<DATELINE>    CINCINNATI, March 5 - </DATELINE><BODY>Federated Department Stores Inc said
+sales for the four weeks ended February 28 were up 9.6 pct to
+720.0 mln dlrs from 656.8 mln dlrs a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18501" NEWID="2084">
+<DATE> 5-MAR-1987 10:35:30.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0341&#31;reute
+u f BC-MORTON-THIOKOL-&lt;MTI>   03-05 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORTON-THIOKOL &lt;MTI> LISTS ON S AND P 500</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>Morton-Thiokol Corp will be included in
+Standard and Poor's 500 Stock index, effective today, Standard
+and Poor's Corp said.
+    Trading in Morton-Thiokol stock opened up 4-1/4 at 50 on
+turnover of 122,700 shares after
+a delayed opening due to an imbalance of orders.
+    There are certain funds which base their portfolio on the
+500 stocks listed on the index, and the imbalance of orders
+reflects those managers adding shares of Morton-Thiokol,
+Standard and Poor's said.
+    Adding Morton-Thiokol's stock to the 500 index list is a
+"minor positive development," analyst Martin Ziegler said,
+noting that it brings in new buyers for the shares and gives
+the company a higher profile.
+    James Arenson at DLJ Securities agreed that
+inclusion on the index automatically creates new buyers and
+noted it also allows those portfolio managers who could not buy
+the stock to purchase shares.
+    While Morton-Thiokol's stock opened up much higher, it gave
+back some of its gains and is currently trading at 47-3/8, up
+1-5/8, a pattern termed, by one analyst, as "typical" when a
+company is newly added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18502" NEWID="2085">
+<DATE> 5-MAR-1987 10:35:58.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0343&#31;reute
+u f BC-CIRCUIT-CITY-STORES-&lt;   03-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRCUIT CITY STORES &lt;CC> FEBRUARY SALES RISE</TITLE>
+<DATELINE>    RICHMOND, Va., March 5 - </DATELINE><BODY>Circuit City Stores Inc said sales
+for February were up 33 pct to 67.4 mln dlrs from 50.5 mln dlrs
+a year before, with comparabvle store sales up nine pct.
+    The company said salesd for its full fiscal year ended
+February 28 were up 43 pct to 1.01 billion dlrs from 705.5 mln
+dlrs in the prior year, with comparable store sales up 18 pct.
+    Circuit City said it expects to report higher earnings for
+the fiscal year just ended and expects strong sales and
+earnings in the current year.  In fiscal 1986, Circuit City
+earned 22.0 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18503" NEWID="2086">
+<DATE> 5-MAR-1987 10:36:21.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0346&#31;reute
+u f BC-CARSON-PIRIE-SCOTT-&lt;C   03-05 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARSON PIRIE SCOTT &lt;CRN> FEBRUARY SALES UP</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>Carson Pirie Scott and Co said its
+February sales increased 18.2 pct to 104.3 mln dlrs from 88.2
+mln dlrs a year ago.
+    It said each of its business groups - retail foodservice
+and lodging and distribution - contributed to the sales gain.
+    The Food Service and Lodging Group's sales were up 8.9 pct
+after eliminating sales of the Steak 'n Egg Kitchen Restaurant
+chain sold Aug 15, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18504" NEWID="2087">
+<DATE> 5-MAR-1987 10:36:46.25</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0348&#31;reute
+u f BC-SOYBEAN-GROUP-HEAD-UR   03-05 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOYBEAN GROUP HEAD URGES USDA ACTION ON LOAN</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The Agriculture Department must make
+a decision soon on how to change the current U.S. soybean loan
+or more soybeans will continue to be forfeited to the
+government and foreign soybean production will increase, the
+president of the American Soybean Association, ASA, said.
+    "The USDA will have to bite the bullet one way or another
+... USDA can dodge and dart around it (the soybean loan) as
+much as they want, but they have to eventually address this
+problem," David Haggard, ASA president, told Reuters.
+    USDA is not offering any new soybean loan options, and
+Agriculture Secretary Richard Lyng has not consulted ASA on the
+soybean loan, Haggard said.
+    "I don't know if USDA is really very serious about
+addressing the soybean loan problem," he said.
+    At ASA's annual winter board of directors meeting here, ASA
+leaders refused to change their official position on the  loan
+-- still calling for income support at 5.02 dlrs.
+    The association backs current bills of Rep. Bill Emerson,
+R-Mo. and Sen. Thad Cochran, R-Miss., which call for either a
+5.02 marketing loan or a producer option payment.
+    Haggard said he does not know what chances the ASA-backed
+proposals have but said, "in all honesty, we do not want to see
+the farm bill be torn apart."
+    He said if USDA feels it cannot withdraw its opposition to
+a market loan, there are still numerous ways the USDA could
+change the loan without new legislation.
+    Making the loan partially in certificates which would not
+have to be paid back would be one option, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18505" NEWID="2088">
+<DATE> 5-MAR-1987 10:36:58.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0349&#31;reute
+b f BC-NISSAN-MOTOR-ISSUES-3   03-05 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN MOTOR ISSUES 35 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Nissan Motor Co Ltd &lt;NSAN.T> is issuing a
+35 billion yen eurobond due March 25 1992 paying 5-1/8 pct and
+priced at 103-3/8, Nikko Securities Co (Europe) Ltd said.
+    The non-callable issue is available in denominations of one
+mln Yen and will be listed in Luxembourg.
+    The payment date is March 25.
+    The selling concession is 1-1/4 pct while management and
+underwriting combined pays 5/8 pct.
+    Nikko said it was still completing the syndicate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18506" NEWID="2089">
+<DATE> 5-MAR-1987 10:38:06.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0357&#31;reute
+r f BC-wajax   03-05 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WAJAX LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 5 -
+    </DATELINE><BODY>Shr 78 cts vs 1.16 dlrs
+    Net 6.7 mln vs 9.5 mln
+    Revs 278 mln vs 290 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18507" NEWID="2090">
+<DATE> 5-MAR-1987 10:38:16.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0358&#31;reute
+r f BC-PRAXIS-FILES-FOR-INIT   03-05 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRAXIS FILES FOR INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 5 - </DATELINE><BODY>&lt;Praxis Biologics Inc> said it
+filed a registration statement with the Securities and Exchange
+Commission for the initial public offering of 1.5 mln shares of
+common.
+    It said the offering is being managed by Shearson Lehman
+Brothers Inc and Merrill Lynch Capital Markets.
+    Praxis said it will use the proceeds to fund product
+research and development costs and initially will focus on
+vaccines for infants and young children.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18508" NEWID="2091">
+<DATE> 5-MAR-1987 10:38:34.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0360&#31;reute
+d f BC-CONSOLIDATED-STORES-&lt;   03-05 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED STORES &lt;CNS> BUYS WAREHOUSE SPACE</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 5 - </DATELINE><BODY>Consolidated Store Corp said it
+purchased two mln square feet of warehouse space on 146 acres
+of land adjacent to its present Columbus distribution center of
+430,000 square feet on 121 acres.
+    The company said the building and lands were acquired from
+White Consolidated Industries Inc, an &lt;Electrolux AB>
+subsidiary, for 27 mln dlrs through a sale and leaseback.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18509" NEWID="2092">
+<DATE> 5-MAR-1987 10:38:59.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0363&#31;reute
+d f BC-AMERICAN-SOFTWARE-INC   03-05 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN SOFTWARE INC &lt;AMSWA> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    ATLANTA, March 5 -
+    </DATELINE><BODY>Shr 42 cts vs 19 cts
+    Net 2,903,000 vs 1,307,000
+    Revs 13.1 mln vs 8,937,000
+    Avg shrs 6,877,360 vs 6,874,970
+    Nine mths
+    Shr 98 cts vs 62 cts
+    Net 6,740,000 vs 4,085,000
+    Revs 33.9 mln vs 27.8 mln
+    Avg shrs 6,875,706 vs 6,605,879
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18510" NEWID="2093">
+<DATE> 5-MAR-1987 10:39:05.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0364&#31;reute
+h f BC-STERIVET-&lt;STVT>-GETS   03-05 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERIVET &lt;STVT> GETS SUPPORT FOR DRUG PROJECT</TITLE>
+<DATELINE>    MISSISSAUGA, Ontario, March 5 - </DATELINE><BODY>Sterivet Laboratories
+Limited said the the National Research Council of Canada is
+contributing financing for the development a new drug to treat
+a disease of the feet in horses.
+    It said the drug has produced promising results in limited
+clinical trials over the past 18 months in Ontario.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18512" NEWID="2094">
+<DATE> 5-MAR-1987 10:40:47.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0371&#31;reute
+u f BC-ITALIAN-TREASURY-DETA   03-05 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN TREASURY DETAILS NEW BILL OFFER</TITLE>
+<DATELINE>    ROME, March 5 - </DATELINE><BODY>The Italian treasury said it would offer
+3,500 billion lire of short-term treasury bills (BOTs) at rates
+slightly lower than the preceding offer in mid-February.
+    It said it would offer 1,500 billion lire of six-month
+paper priced at 95.35 pct for a net annualised compound yield
+of 9.30 pct. Net yield on the preceding issue was 9.46 pct.
+    The treasury said it would also offer 2,000 billion lire of
+12-month bills at a base price of 91.15 pct for a net annual
+yield of 9.05 pct, down from 9.22 pct in mid-February.
+    The bills replace maturing paper worth 3,196 billion lire
+and subscriptions to the offer close March 10.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18513" NEWID="2095">
+<DATE> 5-MAR-1987 10:41:04.10</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0372&#31;reute
+b f BC-/NO-SOVIET-WHEAT-BONU   03-05 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO SOVIET WHEAT BONUS TALK PLANNED FOR MEETING</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng does not intend to discuss a wheat export enhancement
+initiative to the Soviet Union at a cabinet-level Economic
+Policy Council meeting set for tomorrow, an aide to Lyng said.
+    "He (Lyng) does not intend to bring it up," the aide said,
+adding that the subsidy offer remains "dormant."
+    Lyng plans to spend "about five minutes" reviewing the status
+of farm legislation on Capitol Hill before the Economic Policy
+Council, which is responsible for guiding the administration's
+economic policy, the aide said.
+    The USDA secretary met this morning with members of the
+House Foreign Affairs Committee, but the handful of lawmakers
+present did not ask whether the administration intended to
+offer Moscow a wheat export bonus, the aide said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18514" NEWID="2096">
+<DATE> 5-MAR-1987 10:42:08.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0378&#31;reute
+d f BC-EXIM-BANK-UNVEILS-RIS   03-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXIM BANK UNVEILS RISK RELATED FEES</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Export Import Bank president John
+Bohn said the agency was adopting a new policy of increased
+risk coverage and as part of it will adopt a system of
+risk-related fees.
+    In an address before the Ex-Im's annual bankers conference
+Bohn outlined a series of measures designed to bridge the gap
+between reduced export lending by commercial banks and
+activities by U.S. trading partners.
+    Bohn said the bank will be more selective in requiring
+soverign guarantees and will consider well-conceived projects
+"even if they do not earn foreign exchange."
+    He said the Exim will operate four broad programs after May
+1. They are short-term insurance, a direct loan program that
+will be available for both medium and long-term transactions, a
+guarantee program and intermediary funding program.
+    For medium-term guarantees, Bohn said Exim will increase
+exporter coverage for commercial risks from the 85 pct
+currently to 98 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18515" NEWID="2097">
+<DATE> 5-MAR-1987 10:43:03.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0380&#31;reute
+r f BC-BANKAMERICA-&lt;BAC>-TO   03-05 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> TO SELL GERMAN BANKING UNIT</TITLE>
+<DATELINE>    SAN FRANCISCO, March 5 - </DATELINE><BODY>BankAmerica Corp said it agreed to
+sell &lt;Bankhaus Centrale Credit AG>, its German consumer banking
+subsidiary, and German credit card operations to &lt;Banco de
+Santander> of Spain.
+    Terms were not disclosed. The deal is expected to close in
+the second quarter, the bank holding company said.
+    Bankhaus Centrale Credit, with 31 branches, had total
+assets of 927 mln marks at year-end 1986. The credit card
+operation services 115,000 Visa card holders and 35,000
+merchants in Germany, it said.
+    Reached later, a BankAmerica spokesman said the company
+would record a pretax gain of 45 mln dlrs from the
+transactions.
+    The spokesman declined, however, to disclose the price paid
+for the operations by Banco de Santander or other terms of the
+deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18516" NEWID="2098">
+<DATE> 5-MAR-1987 10:43:41.80</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0386&#31;reute
+f f BC-French-official-reser   03-05 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> French official reserves 375.95 billion francs end Jan (421.00 billion end Dec) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18517" NEWID="2099">
+<DATE> 5-MAR-1987 10:43:49.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0387&#31;reute
+r f BC-COPLEY-PROPERTIES-INC   03-05 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COPLEY PROPERTIES INC &lt;COP> 4TH QTR NET</TITLE>
+<DATELINE>    BOSTON, March 5 -
+    </DATELINE><BODY>Shr 30 cts vs 36 cts
+    Net 1,211,000 vs 1,428,000
+    Revs 1,536,000 vs 1,743,000
+    Year
+    Shr 1.36 dlrs vs 62 cts
+    Net 5,438,000 vs 2,498,000
+    Revs 6,567,000 vs 2,971,000
+    NOTE: Company began operations after its July 29, 1985
+public offering, therefore annual data are not directly
+comparable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18518" NEWID="2100">
+<DATE> 5-MAR-1987 10:45:09.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0390&#31;reute
+r f BC-PHILIPS-TO-JOINTLY-PR   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPS TO JOINTLY PRODUCE NEW LASER VIDEO PLAYER</TITLE>
+<DATELINE>    EINDHOVEN, Netherlands, March 5 - </DATELINE><BODY>NV Philips
+Gloeilampenfabrieken &lt;PGLO.AS> said it had agreed with
+Matsushita Electric Industrial Co Ltd &lt;MC.T> and Nippon Gakki
+Co Ltd &lt;NGAK.T> of Japan to jointly produce the components of
+the newly developed laser audio-video player.
+    Philips last month announced it and Sony Corp &lt;SNE.T> had
+developed a world standard for the new combi-player.
+    The player will be able to take the three sizes of new
+compact disk videos (CDV), which give near perfect sound and
+image production, as well as the traditional audio laser discs.
+    Yamaha will develop the laser technology, Matsushita the
+video specifications and Philips will work on rendering the
+player compatible with existing European 50-hertz television
+standards, Philips spokeswoman Marijke van Hooren said.
+    Each company will assemble and market the product under its
+own label, and it is hoped other hardware companies will join
+in the marketing of the new product, she said.
+    She said there were around 160 companies which hold
+licences for the manufacture of CD players.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18519" NEWID="2101">
+<DATE> 5-MAR-1987 10:45:37.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0393&#31;reute
+d f BC-UNITIL-CORP-&lt;UTL>-4TH   03-05 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITIL CORP &lt;UTL> 4TH QTR NET</TITLE>
+<DATELINE>    BEDFORD, N.H., March 5 -
+    </DATELINE><BODY>Shr 79 cts vs 72 cts
+    Net 581,915 vs 536,040
+    Revs 13.9 mln vs 13.3 mln
+    Year
+    Shr 3.28 dlrs vs 3.21 dlrs
+    Net 2,413,407 vs 2,360,048
+    Revs 54.9 mln vs 54.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18520" NEWID="2102">
+<DATE> 5-MAR-1987 10:47:18.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0398&#31;reute
+r f BC-RYDER-&lt;RDR>-BUYS-BRIT   03-05 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RYDER &lt;RDR> BUYS BRITISH CALEDONIAN UNIT</TITLE>
+<DATELINE>    MIAMI, March 5 - </DATELINE><BODY>Ryder System Inc said it has acquired
+Caledonian Airmotive Ltd from &lt;British Caledonian Group PLC>
+for undisclosed terms.
+    Caledonian Airmotive repairs and rebuilds aircraft engines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18521" NEWID="2103">
+<DATE> 5-MAR-1987 10:47:44.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0401&#31;reute
+f f BC-******WAL-MART-STORES   03-05 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WAL-MART STORES FEBRUARY SALES UP 44 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18522" NEWID="2104">
+<DATE> 5-MAR-1987 10:48:33.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0405&#31;reute
+b f BC-MAY-&lt;MA>-FEBRUARY-RET   03-05 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAY &lt;MA> FEBRUARY RETAIL SALES INCREASE</TITLE>
+<DATELINE>    ST. LOUIS, March 5 - </DATELINE><BODY>May Department Stores Co said its
+sales for the four weeks ended February 28 rose 15 pct to 631.8
+mln dlrs from 549.5 mln dlrs a year ago.
+    On a comparable-store basis, it was a 9.4 pct gain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18523" NEWID="2105">
+<DATE> 5-MAR-1987 10:48:58.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0408&#31;reute
+b f BC-******KIDDER-PEABODY   03-05 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>KIDDER PEABODY ANALYST RAISES ESTIMATES, RECOMMENDATION ON PEPSICO
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18524" NEWID="2106">
+<DATE> 5-MAR-1987 10:49:45.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0415&#31;reute
+u f BC-WAL-MART-STORES-&lt;WMT>   03-05 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAL-MART STORES &lt;WMT> FEBRUARY SALES UP 44 PCT</TITLE>
+<DATELINE>    BENTONVILLE, Ark., March 5 - </DATELINE><BODY>Wal-Mart Stores Inc said
+February sales were up 44 pct to 885 mln dlrs from 615 mln dlrs
+a year before, with same-store sales up 14 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18525" NEWID="2107">
+<DATE> 5-MAR-1987 10:50:58.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0424&#31;reute
+d f BC-TRELLEBORG-TAKE-LARGE   03-05 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRELLEBORG TAKE LARGER SLICE OF BOLIDEN</TITLE>
+<DATELINE>    STOCKHOLM, March 5 - </DATELINE><BODY>Swedish tyres, process equipment and
+components firm &lt;Trelleborg AB> said it was taking a larger
+stake in mining and metals concern Boliden AB &lt;BLDS.ST> than it
+had originally intended.
+    Trelleborg had previously announced it was exercising an
+option to acquire up to 65 pct of Boliden's voting rights.
+    In a statement, the company said they had received offers
+of up to 68 pct of the rights, and that they would accept all.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18526" NEWID="2108">
+<DATE> 5-MAR-1987 10:51:09.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0425&#31;reute
+u f BC-POLAROID-&lt;PRD>-UP-ON   03-05 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLAROID &lt;PRD> UP ON REAFFIRMED OPINION</TITLE>
+<DATELINE>    NEW YORK, MARCH 5 - </DATELINE><BODY>Shares of Polaroid Corp rose following
+a reiterated recommendation by Merrill Lynch and Co that
+focused on strong earnings momentum for the company, traders
+said.
+    "We have been recommending the stock since it was in the
+50s, but we reiterated today because of expectations of strong
+earnings momentum, its benefits from the lower dollar and
+anticipation of nice gains in margins," Merrill Lynch
+analyst Charles Ryan said. He said a negative opinion by
+another brokerage house hurt the stock Wednesday, and it can be
+bought at a relatively bargain price today.
+    Ryan said "you always have to look at Polaroid at its
+weakness. Its a volatile stock that has to be caught on
+weakness." Polaroid's stock, which gained more than a point
+early this morning, was trading at 76-1/8, up 5/8. It was down
+over three points Wednesday morning before closing down 7/8.
+    "Polaroid is working overtime on production of cameras and
+film, so we expect first quarter earnings to be up about 40
+pct," Ryan said, estimating earnings of 70 cts a share in the
+first quarter compared to 52 cts a share earned a year earlier.
+He expects the company to earn four dlrs a share in 1987 as
+compared to 3.34 dlrs a share last year.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18527" NEWID="2109">
+<DATE> 5-MAR-1987 10:51:12.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0426&#31;reute
+h f BC-SWEDISH-MATCH-AB-&lt;SMB   03-05 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH MATCH AB &lt;SMBS.ST> 1986 YEAR</TITLE>
+<DATELINE>    STOCKHOLM, March 5 - </DATELINE><BODY>Profit after net financial items
+    500 mln crowns vs 359 mln
+    Sales 10.90 billion crowns vs 10.72 billion
+    Proposed dividend 12.50 crowns vs 10.50 crowns
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18528" NEWID="2110">
+<DATE> 5-MAR-1987 10:53:16.63</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0431&#31;reute
+b f BC-FRENCH-OFFICIAL-RESER   03-05 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH OFFICIAL RESERVES FALL SHARPLY IN JANUARY</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>French official reserves fell 45.06
+billion francs to 375.95 billion at the end of January from
+421.00 billion at the end of December, the Finance Ministry
+said in a statement.
+    It said the fall was largely due to sales of foreign
+currency that preceded the January 11 realignment of the
+European Monetary System (EMS).
+    Foreign currency reserves fell by 8.91 billion francs
+during the month, the ministry said.
+    This reflected outflows of 10.26 billion francs through
+operations of the French exchange stabilisation fund,
+counterbalanced by a gain of 1.35 billion francs resulting from
+the quarterly adjustment in the value of dollar deposits held
+with the European Monetary Cooperation Fund (FECOM).
+    But most of the decline reflected a 33.90 billion franc
+deficit that France built up during the month with FECOM as a
+result of using very short-term financing instruments.
+    The Bank of France, in conjunction with the Bundesbank and
+other central banks, intervened heavily in foreign exchange
+markets between late December and the January 11 EMS accord, in
+an attempt to hold down the mark, which was attracting a flight
+of funds from the dollar, and simultaneously shore up the
+franc.
+    On January 11, the mark was revalued by three pct against
+the French franc, relieving pressure on the French currency.
+    The fall in foreign exchange reserves took these reserves
+to 98.83 billion francs at the end of January from 107.74
+billion at end December.
+    Gold reserves were unchanged at 218.45 billion francs.
+    Reserves of European Currency Units fell to 73.25 billion
+francs from 75.27 billion at end December.
+    Claims on the International Monetary Fund fell 219 mln
+francs to 19.31 billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18529" NEWID="2111">
+<DATE> 5-MAR-1987 10:53:21.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0432&#31;reute
+r f BC-MARS-STORES-&lt;MXXX>-FE   03-05 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARS STORES &lt;MXXX> FEBRUARY SALES OFF 1.6 PCT</TITLE>
+<DATELINE>    DIGHTON, Mass., March 5 - </DATELINE><BODY>Mars Stores Inc said sales for
+the four weeks ended February 28 were off 1.6 pct to 6,307,096
+dlrs from 6,411,103 dlrs a year earlier.
+    The company said sales were hurt this year by store
+closings caused by snowstorms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18530" NEWID="2112">
+<DATE> 5-MAR-1987 10:54:32.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0434&#31;reute
+r f BC-SL-INDUSTRIES-INC-&lt;SL   03-05 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SL INDUSTRIES INC &lt;SL> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    MARLTON, N.J., March 5 -
+    </DATELINE><BODY>Oper shr 22 cts vs 20 cts
+    Oper net 1,153,000 vs 1,068,000
+    Revs 15.7 mln vs 15.8 mln
+    Six mths
+    Oper shr 38 cts vs 38 cts
+    Oper net 2,039,000 vs 2,051,000
+    Revs 31.4 mln vs 31.6 mln
+    NOTE: exlcudes 145,000 discontinued operations for 1986
+oper net for six mths for sale of electronics division.
+    Oper shr for qtr and six mths 1986 adjusted for stock split
+and dividend distribution in November.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18531" NEWID="2113">
+<DATE> 5-MAR-1987 10:55:05.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0438&#31;reute
+f f BC-******DAYTON-HUDSON-C   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DAYTON HUDSON CORP FEBRUARY SALES RISE 10.8 PCT ON COMPARABLE STORE BASIS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18532" NEWID="2114">
+<DATE> 5-MAR-1987 10:56:20.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0441&#31;reute
+u f BC-GENERAL-REFRACTORIES   03-05 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL REFRACTORIES &lt;GRX> TO SELL OPERATIONS</TITLE>
+<DATELINE>    BALA CYNWYD, Pa., March 5 - </DATELINE><BODY>General Refractories Co said it
+agreed to sell its European refractories and building products
+operations for about 62 mln dlrs to an Austrian investor group.
+    The European operations had sales of 186 mln dlrs in 1985,
+the last year for which results have been released, the company
+said.
+    The sale, to a group headed by Girozentrale Bank of
+Austria, is subject to shareholder approval by April 24, 1987,
+it said. Its board has approved the deal, it said.
+    General Refractories' mineral operations are not affected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18533" NEWID="2115">
+<DATE> 5-MAR-1987 10:56:40.36</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>dauster</D></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0443&#31;reute
+b f BC-BRAZIL-HAS-NO-SET-COF   03-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL HAS NO SET COFFEE EXPORT TARGETS - IBC</TITLE>
+<DATELINE>    ****RIO DE JANEIRO, March 5 - </DATELINE><BODY>Brazil has no set target for
+its coffee exports following this week's breakdown of
+International Coffee Organization talks on export quotas,
+President of the Brazilian Coffee Institute, IBC, Jorio Dauster
+said.
+    He told a press conference Brazil now had to reconsider its
+export plans and that the 15.5 mln bag export figure which it
+had proposed for itself earlier should no longer be taken as
+the country's export target to ICO-member countries.
+    The 15.5 mln bag offer had been made on the assumption an
+agreement would bring stability to world markets, he added.
+    It had been a gesture to ease negotiations, but the lack of
+an agreement leaves it no longer valid and exports could be
+above or below 15.5 mln bags, he said.
+    Dauster said he would talk to producers, exporters and
+market analysts before taking any decision on export policy,
+but any future policy would be flexible and adjusted to market
+conditions.
+    "We will not take any short-term decisions which might cause
+markets to panic," Dauster added.
+    He said it would be a policy which shows Brazil has coffee
+to sell and that it could do so without an ICO agreement.
+    "Brazil has coffee (to sell) and wants to show that it does
+not need an ICO agreement as a crutch," Dauster said.
+    Commenting on the breakdown of the talks, Dauster said
+consumer proposals would have implied a reduction of one to two
+mln bags in Brazil's export quotas.
+    "It was a proposal which would lead to a substantial loss
+for Brazil and which would be difficult for the country to
+recover," he said.
+    The consumer proposal to base quotas on a six-year moving
+average of exportable production surpluses would lead to
+overproduction as countries boosted output to win higher
+quotas, he said.
+    Dauster rejected reports which said Brazil's inflexibility
+had been the cause for the breakdown of talks, noting that its
+stance had the backing of 85 pct of producing countries.
+    Close links would continue with these producers,
+particularly Colombia, Mexico and Francophone African
+countries, but Dauster said no joint marketing action was
+envisaged at present.
+    He also said Brazil currently had no plans to return to a
+system of roaster buying contracts, although "no hypothesis has
+been abandoned."
+    Dauster said he had not yet decided when registrations for
+May shipment coffee will be opened.
+    He declined comment on whether the IBC will adopt a policy
+of opening registrations for up to six months in advance, as
+some exporters had suggested.
+    He noted export registrations for the first four months of
+the year totalled around 5.5 mln bags, more than half the 9.9
+mln exported in 1986 when drought reduced the crop to between
+11.2 mln and 12 mln bags.
+    He said that, although he had heard forecasts of 30 mln
+bags for the coming crop, the IBC would not make any estimate
+until late April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18534" NEWID="2116">
+<DATE> 5-MAR-1987 10:57:56.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0448&#31;reute
+u f BC-PEPSICO-&lt;PEP>-UPGRADE   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEPSICO &lt;PEP> UPGRADED BY KIDDER PEABODY</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Kidder Peabody and Co analyst Roy Burry
+issued a strong buy recommendation on Pepsico Inc, citing an
+improved profit outlook for both domestic soft drinks and
+Frito-Lay snack foods.
+    Pepsico climbed 7/8 to 34-3/4 on 615,000 shares by
+midmorning.
+    Burry forecast earnings of 2.00 dlrs per share in 1987 and
+2.30 dlrs in 1988. In 1986 the company earned 1.75 dlrs per
+share. Burry previously had a sell recommendation on Pepsico.
+"We're looking at 10 to 15 pct earnings growth for Frito-lay in
+1987, a trend that should continue through the decade."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18535" NEWID="2117">
+<DATE> 5-MAR-1987 10:58:14.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0449&#31;reute
+u f BC-BRITAIN-SEEMS-SET-FOR   03-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN SEEMS SET FOR NEW CASH ROW WITH EC</TITLE>
+<AUTHOR>    By Youssef Azmeh, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, March 5 - </DATELINE><BODY>Britain appeared set for a new cash row
+with its European Community partners as evidence emerged that
+it could be much worse off as a result of new proposals to
+radically alter the way the EC is financed.
+    Analysis by officials and diplomats of proposals released
+yesterday by the EC's executive Commission showed their full
+impact, were they in force this year, would have left Britain
+worse off by 545 mln European Currency Units.
+    The proposals have to be agreed unanimously by member
+government after a debate expected to open next month.
+    The Commission said they were necessary to prevent the EC
+from sliding once again into bankruptcy, and has described the
+current financing system as unfair and unacceptable.
+    British dissatisfaction with the cost of EC membership has
+long been a source of friction, and diplomats said the
+proposals could well reopen the wound.
+    This was despite a proposed correction of Britain's budget
+contribution to reflect its inability to take full advantage of
+the EC's farm subsidies system because of the relatively small
+size of its agricultural sector.
+    Diplomats said although other nations such as Italy,
+Belgium and the Netherlands were certain to oppose elements in
+the system which could also substantially increase their own EC
+payments, the main opposition was expected from Britain.
+    Prime Minister Margaret Thatcher has made clear in recent
+statements that she is not prepared to abandon the present
+system, under which Britain is refunded two-thirds of its net
+payments to the EC, unless a fairer system is devised.
+    The diplomats said Thatcher was unlikely to consider the
+proposed system as fair.
+    The Commission's proposals would base a state's
+contribution on its gross national product, which the
+commission says is a fairer measurement reflecting relative
+wealth.
+    The main element of the previous system was a share of
+value added tax collected in member states.
+    The mechanism to compensate Britain for its inability to
+take up a higher proportion of EC farm expenditure will have to
+be paid for by the other 11 states.
+    The Commission has also proposed to end repayments to all
+states of a service charge paid to them for collecting customs
+duties on behalf of the EC.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18536" NEWID="2118">
+<DATE> 5-MAR-1987 10:58:42.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>boesky</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0451&#31;reute
+r f BC-SHAD-SEES-PROGRESS-ON   03-05 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAD SEES PROGRESS ON INSIDER TRADING</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Securities and Exchange Commission
+chairman John Shad said progress was being made in stopping
+insider trading, but the chairman of a House subcommittee with
+jurisdiction over securities laws said he was concerned about
+conditions on Wall Street.
+    "Greed has created a feeding frenzy on Wall Street and in
+the process laws are broken and multi-billion dlr corporations
+have become easy prey," Rep. Edward Markey, D-Mass, the
+chairman of the Telecommunications and Finance said at the
+start of a hearing on SEC activities.
+    "Congress is understandably nervous. We perceive the
+current scandals as a warning of even worse things to come,"
+Markey said. "The frenzy and disruption created by merger mania
+is particularly distressing."
+    Shad said the recent cases involving Ivan Boesky, Dennis
+Levine and others was a warning that those who engage in
+insider trading were taking a heavy risk of imprisonment, high
+fines and disbarment from the securities industry.
+    "Insider trading has not been eradicated, but it has been
+inhibited and multimillions of dollars of profits that Boesky
+and others have been siphoning off the markets are now flowing
+through to legitimate investors and traders," Shad said in his
+statement.
+    Shad said insider trading cases involved only 10 pct or
+less of SEC enforcement actions in recent years but they have
+increased significantly to 125 cases brought during the past
+five years compared to 77 cases in the preceeding 47 years.
+    Markey said he did not favor banning takeovers but thought
+the tender offer process needed reform including earlier
+disclosure of takeover attempts.
+    N.J. Rep. Mathew Rinaldo, the senior subcommittee
+Republican, said he was introducing legislation to create a
+five member commission to study the securities industry for a
+year and report its findings and recommendations to Congress.
+Commission members would be appointed by the SEC.
+    "Its primary mission would be to analyze the extent of
+illegal trading on insider trading and to assess the adequacy
+of existing surveillance systems and government oversight
+operations. The commission would advise Congress as to what
+additional resources or civil or criminal remedies are needed
+to combat fraud and improve compliance with federal laws,"
+Rinaldo said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18537" NEWID="2119">
+<DATE> 5-MAR-1987 10:58:53.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0452&#31;reute
+b f BC-WORLD-BANK-ISSUES-232   03-05 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK ISSUES 232 MLN U.S. DLR FINANCE PACKAGE</TITLE>
+<DATELINE>    FRANKFURT, March 5 - </DATELINE><BODY>The World Bank is issuing a
+multicurrency financing package totalling 232 mln U.S. Dlrs,
+coordinator DG Bank Deutsche Genossenschaftsbank said.
+    The package includes a 250 mln mark five year straight
+eurobond with a 5-3/8 pct coupon priced at par, led by DG.
+    The bond, which is a private placement, matures on March
+17, 1992. It will be listed in Frankfurt beginning in May, with
+no precise date yet specified. Denominations are 5,000 and
+50,000 marks. Details of fees were not immediately available.
+    The package also includes a five year 100 mln guilder
+eurobond with a 5-3/4 pct coupon priced at par.
+    The Dutch guilder issue will be led by Rabobank Nederland.
+    The third bond in the package is a seven year, five billion
+yen bond with a 4.95 pct coupon priced at par, led by The
+Norinchukin Bank.
+    The package also includes a 25 mln Swiss franc 10-year
+credit agreement, with interest at 4-7/8 pct, underwritten by
+Swiss Volksbank, DG said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18538" NEWID="2120">
+<DATE> 5-MAR-1987 10:59:25.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0455&#31;reute
+r f BC-NEECO-&lt;NEEC>-SHARE-OF   03-05 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEECO &lt;NEEC> SHARE OFFERING UNDER WAY</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Moseley Holdings Corp &lt;MOSE> said an
+offering of 1,700,000 common shares of NEECO Inc is under way
+at 18.25 dlrs each.
+    The company is selling 1,200,000 of the shares and
+shareholders the rest.  The shareholders have granted
+underwriters an overallotment option to buy up to 255,000 more
+shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18539" NEWID="2121">
+<DATE> 5-MAR-1987 10:59:40.89</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0456&#31;reute
+b f BC-OPEC-SAYS-FEBRUARY-OU   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC SAYS FEBRUARY OUTPUT UNDER CEILING</TITLE>
+<DATELINE>    VIENNA, March 5 - </DATELINE><BODY>OPEC output in February was "well below"
+the 15.8 mln bpd ceiling it set in December and all countries
+are strictly adhering to their quotas, the OPEC news agency
+Opecna quoted an OPEC secretariat official as saying.
+    The official was quoted as saying that lower output was the
+result "of member countries' firm determination to defend the
+organisation's official price of 18 dlrs per barrel, and to
+refrain from selling any quantity below that price."
+    The unnamed official was further quoted as saying that no
+OPEC meeting was foreseen before the next biannual OPEC session
+planned to start on June 25.
+    The official gave no figure for February output. The
+statement said only that "the reduction in total supplies,
+namely actual exports of crude oil and products, plus local
+deliveries in member countries, is even more pronounced as
+those supplies fell very noticeably during that month."
+    "No matter what the pressure on member countries by lifters
+to align the official selling price to the ongoing market
+price, member countries are, without exception, strictly
+adhering to the official selling price in spite of the
+financial hardship this may entail," the statement said.
+    "The very recent improvement in the price structure is an
+indicator of such determination by the organization to stick to
+the official selling price," the statement said.
+    Free spot market prices rose from around 14.50 dlrs a
+barrel in early December last year to near OPEC's official
+levels towards the end of the year, after the OPEC pact.
+    There has been oil industry speculation that OPEC might
+have to hold an extraordinrary meeting prior to its scheduled
+June session to discuss reports of overproduction by some
+states and strains on the differential matrix, which prices
+each OPEC crude according to its quality and distance from main
+markets.
+    The official said in the statement that no such emergency
+session was scheduled "because of member countries' firm
+determination to defend the price (system)" agreed in December.
+    Opec"s differential committee was to have met in Vienna
+starting April 2 but this session has been postponed, with no
+new date set, according to an official of the United Arab
+Emirates, which chairs the seven-state body.
+    Other members are Algeria, Kuwait, Saudi Arabia, Libya,
+Nigeria and Qatar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18540" NEWID="2122">
+<DATE> 5-MAR-1987 10:59:45.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0457&#31;reute
+f f BC-cibc   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADIAN IMPERIAL BANK OF COMMERCE 1ST QTR SHARE BASIC 61 CTS VS 64 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18541" NEWID="2123">
+<DATE> 5-MAR-1987 11:01:39.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0463&#31;reute
+f f BC-******SEARS-ROEBUCK-A   03-05 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEARS ROEBUCK AND CO FEBRUARY SALES UP 4.9 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18542" NEWID="2124">
+<DATE> 5-MAR-1987 11:01:44.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0464&#31;reute
+f f BC-******HECK'S-INC-FILE   03-05 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HECK'S INC FILES FOR CHAPTER 11 BRANKRUPTCY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18543" NEWID="2125">
+<DATE> 5-MAR-1987 11:02:49.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0471&#31;reute
+f f BC-******WHITE-HOUSE-SAY   03-05 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE SAYS IT OPPOSED TO TAX INCREASE AS UNNECESSARY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18544" NEWID="2126">
+<DATE> 5-MAR-1987 11:04:39.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0484&#31;reute
+r f BC-PERKIN-ELMER-&lt;PKN>-AC   03-05 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERKIN-ELMER &lt;PKN> ACQUIRES HIGH TECH FIRM</TITLE>
+<DATELINE>    NORWALK, Conn., March 5 - </DATELINE><BODY>Perkin-Elmer Corp said it
+acquired &lt;Atomika Technische Physik>, based in Munich, West
+Germany, a high technology concern specializing in surface
+science instruments.
+    Terms of the acquisition were not disclosed.
+    It said Atomika will became a part of its Physical
+Electronics Division, based in Eden Prairie, Minn., The
+division is part of its Materials Surface Technology Group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18545" NEWID="2127">
+<DATE> 5-MAR-1987 11:04:58.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0486&#31;reute
+u f BC-/HECK'S-&lt;HEX>-FILES-F   03-05 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HECK'S &lt;HEX> FILES FOR CHAPTER 11 BANKRUPTCY</TITLE>
+<DATELINE>    NITRO, W.Va., March 5 - </DATELINE><BODY>Heck's Inc said it has filed for
+protection from creditors under Chapter 11 of the federal
+bankruptcy act.
+    The company said its wholly owned wholesale subsidiaries,
+its Maloney's subsidiary and its discount drug store operation
+are not included in the filing.
+    Heck's said it made the filing because its bank lending
+group failed to renew on acceptable terms a credit agreement
+that expired February 28.
+    It said the 12 banks provided about 50 mln dlrs in credit
+lines to Heck's, representing all its short-term borrowings.
+    Heck's said some of the banks have demanded repayment.
+    The company said another reason for the filing was a
+developing shortage in merchandise as suppliers reacted to the
+breakdown in bank support.
+    Heck's said two representatives of the bank group, Charles
+B. Gates Jr. and Walter B. Dial Jr., have left its board.
+    Heck's said it is exploring, with its investment banker,
+the possibility of selling all or parts of the company.
+    It said the filing will allow it to work out arrangements
+with suppliers for the delivery of merchandise while permitting
+it to continue its previously-announced programs of
+cost-cutting and the paring of operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18546" NEWID="2128">
+<DATE> 5-MAR-1987 11:05:12.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0488&#31;reute
+b f BC-U.S.-OKAYS-USAIR-&lt;U>   03-05 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OKAYS USAIR &lt;U> PACIFIC SOUTHWEST PURCHASE</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The U.S. Department of Transportation
+said it gave final approval to USAir Group's proposed 400 mln
+dlr acquisition of Pacific Southwest Airlines.
+    The department said the acquisition is not likely to
+substantially lessen competition and would not harm the public
+interest.
+    The department had given its tentative approval of the
+acquisition in January.
+    The department said it decided to make final its tentative
+decision after reviewing the public response to it.
+    The agency said it rejected an assertion by Air North
+America, which currently is not operating but plans to start
+service to some of the cities served by USAIR and PSA, that the
+acquisition would lessen chances of new entry into those
+markets by other carriers.
+    The agency said Air North America provided no support for
+its claim that the transaction would give the two carriers
+monopoly power in some markets.
+    The transportation agency said Air North America also
+failed to show that there are barriers that would prevent new
+entrants into those markets or prevent other carriers from
+increasing their service.
+    The agency noted in its final order that PSA operates
+exclusively in the West and Mexico while USAir serves the West
+for the most part with some long-haul flights from the East and
+Midwest.
+    The two carriers serve five point in common; Los Angeles,
+San Diego, San Francico, Phoenix and Tucsonm, the agency said.
+     The transportation department also rejected a request by
+the Teamsters Union, which represents some PSA workers, to
+require protections for PSA workers.
+    The agency noted that USAir has promised to give protective
+benefits to PSA workers and that unions representing PSA
+workers have collective bargaining agreements that provide such
+protections.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18547" NEWID="2129">
+<DATE> 5-MAR-1987 11:05:37.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0491&#31;reute
+r f BC-BOLT-BERANEK-AND-NEWM   03-05 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLT BERANEK AND NEWMAN &lt;BBN> UNIT SELLS SYSTEM</TITLE>
+<DATELINE>    CAMBRIDGE, Mass, March 5 - </DATELINE><BODY>Bolt Beranek and Newman Inc said
+its subsidiary BBN Advanced Computers Inc sold approximately
+700,000 dlrs worth of its Butterfly parallel processors to
+Indiana University, MITRE Corp, FMC Corp and the Naval Research
+Laboratory.
+    Among the uses for the system are graphics, development of
+genetic algorithms for solving complex combinational problems,
+and artificial intelligence applications, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18548" NEWID="2130">
+<DATE> 5-MAR-1987 11:06:44.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0497&#31;reute
+u f BC-MCI-&lt;MCIC>-PRESIDENT   03-05 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCI &lt;MCIC> PRESIDENT SEES PROFIT IMPROVEMENT</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>MCI Communications Corp President
+Bert Roberts said he expects MCI's financial performance to
+improve in the current quarter compared to the previous
+quarter.
+    He said American Telephone and Telegraph Co long-distance
+rate cuts had cut into MCI's fourth quarter performance but
+added: "There's going to be a continuing impact (on profits) but
+we expect this quarter to be better than the fourth quarter."
+    The current quarter ends March 31.
+    For the fourth quarter, MCI reported a 448 mln dlr loss,
+due mainly to write-offs and staff reductions.
+    Roberts said the ATT long-distance rate reductions, which
+had been ordered by the Federal Communications Commission have
+had "A significantly negative impact on our profits."
+    As reported earlier today, MCI said it plans to ask the FCC
+to immediately deregulate ATT, apparently in hopes that an
+unregulated ATT would pocket a greater proportion of its
+revenues rather than cut rates further.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18549" NEWID="2131">
+<DATE> 5-MAR-1987 11:07:31.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0506&#31;reute
+d f BC-P.A.M.-TRANSPORTATION   03-05 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>P.A.M. TRANSPORTATION &lt;PTSI> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    TONTITOWN, Ark., March 5 - </DATELINE><BODY>P.A.M. Transportation Services
+Inc said president and board member Robert Weaver resigned to
+pursue other interests.
+    The company said its board elected chairman Paul Maestri to
+the additional post of president.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18550" NEWID="2132">
+<DATE> 5-MAR-1987 11:08:35.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0512&#31;reute
+r f BC-FINNISH-TAXATION-MAJO   03-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH TAXATION MAJOR ISSUE IN ELECTION CAMPAIGN</TITLE>
+<AUTHOR>    By Peter Verschoor, Reuters</AUTHOR>
+<DATELINE>    HELSINKI, March 5 -  </DATELINE><BODY>Personal taxation has emerged as the
+major economic issue in Finnish general elections later this
+month, and Conservative gains could mark a shift towards
+indirect taxation and accelerate moves towards more
+market-oriented banking practices, economists say.
+    Opinion polls indicate the Conservative Party, Finland's
+second largest, may gain enough clout after the elections to
+join a coalition government which is still likely to be
+dominated by the Social Democrats of Prime Minister Kalevi
+Sorsa.
+    But the economists point out that Conservative economic
+policies differ only slightly from the governments', and that
+trade with the Soviet Union will not be affected.
+    Helsinki bankers said a new government, including the
+Conservatives for the first time in 20 years, could bring about
+a shift from direct to indirect taxation.
+    The present coalition of Social democrats and Centrists has
+embarked on a tax reform programme to cut marginal taxation,
+which is up to 75 pct in the highest income scales. The
+opposition has also called for reforms, but they differ over
+how to regain lost state revenues.
+    One Conservative favoured possibility is abolishing tax
+exemption on interest from bank deposits and government bonds.
+    Hannu Halttunen, of Helsinki bank Kansallis-Osake-Pankki
+(KOP), told Reuters "We want to be more free in setting interest
+rates and in creating different deposits to suit the individual
+investors. If tax on interest is introduced, then we prefer a
+system with taxation of real interest gains."
+    Under present laws, bank customers are exempted from tax on
+interest when banks jointly set interest rates. Bankers said
+this had encouraged cartel-style banking and was hindering
+tougher inter-bank competition.
+    A London-based Nordic banking expert said liberalisation
+was too strong a word to use in a Finnish context, but a
+Conservative presence could dislodge traditional practices.
+    "It would probably result in new practices that have been
+seen elsewhere for a few years growing rather more quickly in
+Finland," he said, in a reference to money market instruments.
+    All parties, especially the Conservatives, have been
+careful to avoid making Finnish-Soviet trade an election issue.
+Moscow is Finland's largest trading partner. Until a few years
+ago the Conservative Party was seen as anti-communist, but has
+now moderated its stance, political analysts say.
+    Trade between Helsinki and Moscow is based on a barter
+system, and is balanced under long-term accords.
+    In January the two countries signed a 1987 agreement worth
+30 billion markka, but trade in the past two years has been
+declining due to the fall in the price of crude oil, which
+accounts for 80 pct of Finnish imports from the Soviet Union.
+    The bankers said taxation had become the major economic
+theme of the campaign because there were few other issues.
+    Inflation was 3.4 pct in 1986, compared with 5.9 pct in
+1985, and unemployment has increased slightly from 6.1 pct of
+the workforce in 1985 to last year's levels of 6.7 pct.
+    The Social democrats in 1986 doubled the country's foreign
+trade surplus compared with 1985, from 2.50 billion markka to
+5.04 billion markka.
+    Opinion polls say Sorsa's Social Democrats will remain the
+largest party in the 200-seat Parliament, with some 26 pct of
+the vote. They currently hold 57 seats.
+    The Centre Party, the other major coalition partner, is
+also expected to hold on to its 37 seats.
+    But increased Conservative support and a decline for the
+Communists could make force Sorsa to allow the Conservatives
+into government. They currently hold 44 seats.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18551" NEWID="2133">
+<DATE> 5-MAR-1987 11:08:44.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0514&#31;reute
+r f BC-NATIONAL-GYPSUM-CO-4T   03-05 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL GYPSUM CO 4TH QTR NET</TITLE>
+<DATELINE>    DALLAS, March 5 -
+    </DATELINE><BODY>Net 5,521,000 vs NA
+    Revs 358.1 mln vs 359.0 mln
+    Year
+    Net 55.3 mln vs NA
+    Revs 1.43 billion vs 1.34 billion
+    NOTE: Current year includes earnings of 49.6 mln dlrs for
+the four months ended April 30, 1986. Year-ago earnings not
+comparable because of acquisition by Aancor Holdings Inc on
+April 29, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18552" NEWID="2134">
+<DATE> 5-MAR-1987 11:09:37.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0520&#31;reute
+u f BC-SALOMON-SELLS-200-MLN   03-05 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON SELLS 200 MLN STG MORTGAGES-BACKED NOTES</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Salomon Inc's TMC Mortgage Securities I
+Plc unit is issuing 200 mln stg floating rate mortgage-backed
+notes priced at par, said Salomon Brothers International as
+co-lead manager.
+    S.G. Warburg Securities is the other co-lead manager.
+    The securities are priced at 25 basis points over the three
+month London Interbank Offered Rate (Libor), payable quarterly.
+They are payable March 31.
+    Salomon said it expects the securities to receive a AA
+rating from Standard and Poor's Corp.
+    The mortgages in the pool are endowment-linked residential
+mortgage loans and the entire pool is insured by Sun Alliance
+and London Insurance Plc.
+    The notes will be listed on the London Stock Exchange.
+    Combined management and underwriting fees are 50 basis
+points.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18553" NEWID="2135">
+<DATE> 5-MAR-1987 11:10:00.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0523&#31;reute
+b f BC-/SEARS-&lt;S>-FEBRUARY-S   03-05 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> FEBRUARY SALES UP 4.9 PCT</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>Sears, Roebuck and Co said revenues of
+its Merchandise Group in February rose 4.9 pct to 1.85 billion
+dlrs from 1.76 billion dlrs a year ago.
+    It said domestic sales were led by better than average
+increases in apparel, home fashions and hardware.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18554" NEWID="2136">
+<DATE> 5-MAR-1987 11:10:24.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0526&#31;reute
+b f BC-******ZAYRE-CORP-4TH   03-05 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ZAYRE CORP 4TH QTR SHR 73 CTS VS 60 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18555" NEWID="2137">
+<DATE> 5-MAR-1987 11:10:42.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0528&#31;reute
+r f BC-&lt;DET-OESTASIATISKE-KO   03-05 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DET OESTASIATISKE KOMPAGNI A/S> (EAST ASIATIC CO)</TITLE>
+<DATELINE>    COPENHAGEN, March 5 -
+    </DATELINE><BODY>Results for year 1986 -
+    Group pre-tax profit 385 mln crowns vs 380 mln
+    Net turnover 14.17 billion crowns vs 16.69 billion
+    Dividend eight pct vs nil
+    Group profit after tax 16 mln crowns vs 244 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18556" NEWID="2138">
+<DATE> 5-MAR-1987 11:10:59.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0530&#31;reute
+d f BC-TOKHEIM-&lt;TOK>-UNIT-IN   03-05 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKHEIM &lt;TOK> UNIT IN MARKETING AGREEMENT</TITLE>
+<DATELINE>    FORT WAYNE, IND., March 5 - </DATELINE><BODY>Tokheim Corp said its Advanced
+Products and Electronics Division reached a four-year
+manufacturing and marketing agreement with TechVend, a New
+Jersey-based company which has developed a credit card
+activated video cassette rental machine.
+    It said the agreement could contribute "significantly" to
+the growth of Tokheim
+    It said deliveries of the devices are expected to begin in
+the fall.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18557" NEWID="2139">
+<DATE> 5-MAR-1987 11:11:09.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0531&#31;reute
+r f BC-GENERAL-VIDEOTEX-ADDS   03-05 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL VIDEOTEX ADDS INVESTMENT &lt;IVES> SERVICE</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 5 - </DATELINE><BODY>&lt;General Videotex Corp> said it
+added Investment Technologies Co's VESTOR on-line stock market
+analysis database to its DELPHI network service.
+    It said the VESTOR service will be available on Delphi
+within 30 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18558" NEWID="2140">
+<DATE> 5-MAR-1987 11:11:21.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0532&#31;reute
+u f BC-WHITE-HOUSE-SAYS-TAX   03-05 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE SAYS TAX INCREASE NOT NEEDED</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The White House said a tax increase
+is not needed to reduce the federal budget deficit.
+    "We think that's certainly unnecessary. We are opposed to
+tax increases," spokesman Marlin Fitzwater said.
+    House Speaker Jim Wright told Budget Committee Democrats
+Wednesday he would fight for a tax increase this year to reduce
+the deficit.
+    Fitzwater said the administration believed its budget would
+show the way to get the deficit down without a tax rise "and
+that's our course."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18559" NEWID="2141">
+<DATE> 5-MAR-1987 11:11:50.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0535&#31;reute
+b f BC-******ZAYRE-CORP-FEBR   03-05 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ZAYRE CORP FEBRUARY SALES UP 25.7 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18560" NEWID="2142">
+<DATE> 5-MAR-1987 11:12:24.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0538&#31;reute
+u f BC-BEST-PRODUCTS-&lt;BES>-F   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEST PRODUCTS &lt;BES> FEBRUARY SALES OFF 12.7 PCT</TITLE>
+<DATELINE>    RICHMOND, Va., March 5 - </DATELINE><BODY>Best Products Inc said sales for
+the four weeks ended February 28 were off 12.7 pct to 111.3 mln
+dlrs from 127.6 mln dlrs a year before, excluding sales from
+catalog stores and Ashby's Ltd outlets that were closed or sold
+last year.
+    The company said in an effort to improve gross margins, it
+significantly cut promotional activity in February from a year
+earlier.  In addition, it said it distributed its spring
+catalog nationwide in February last year and will distribute it
+in March this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18561" NEWID="2143">
+<DATE> 5-MAR-1987 11:12:39.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0539&#31;reute
+u f BC-PIRELLI-UK-INT-FINANC   03-05 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIRELLI UK INT FINANCE ISSUES 50 MLN STG EUROBOND</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Pirelli UK International Finance BV is
+issuing a 50 mln stg eurobond due April 9, 1992 paying 10 pct
+and priced at 101-1/2 pct, lead manager Barclays De Zoete Wedd
+Ltd.
+    The non callable issue is available in denominations of
+10,000 and 1,000 stg and will be listed in Luxembourg. The
+payment date April 9, 1987.
+    The selling concession is 1-1/4 pct while management pays
+1/4 pct and underwriting  3/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18562" NEWID="2144">
+<DATE> 5-MAR-1987 11:14:29.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0547&#31;reute
+b f BC-DAYTON-HUDSON-&lt;DH>-FE   03-05 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAYTON HUDSON &lt;DH> FEBRUARY SALES RISE</TITLE>
+<DATELINE>    MINNEAPOLIS, March 5 - </DATELINE><BODY>Dayton Hudson Corp said sales for
+the four weeks ended February 28 increased 10.8 pct on a
+comparable-store basis to 601.8 mln dlrs from 503.8 mln dlrs a
+year ago.
+    It called the pace of February's sales "encouraging, with
+strength evident in all companies."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18563" NEWID="2145">
+<DATE> 5-MAR-1987 11:15:35.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0554&#31;reute
+f f BC-******U.S.-HOUSE-SPEA   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. HOUSE SPEAKER WRIGHT SAYS TAX RISE NEEDED TO CUT BUDGET DEFICIT IN 1988
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18564" NEWID="2146">
+<DATE> 5-MAR-1987 11:15:55.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0557&#31;reute
+f f BC-******TEXAS-AIR-CORP'   03-05 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEXAS AIR CORP'S CONTINENTAL AIRLINES FEBRUARY LOAD FACTOR FALLS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18565" NEWID="2147">
+<DATE> 5-MAR-1987 11:16:33.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0561&#31;reute
+r f BC-BESICORP,-LCP-CHEMICA   03-05 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BESICORP, LCP CHEMICALS IN COGENERATION PACT</TITLE>
+<DATELINE>    ELLENVILLE, N.Y., March 5 - </DATELINE><BODY>&lt;Besicorp Group Inc> said it
+reached an agreement with &lt;LCP Chemicals and Plastics Inc> to
+develop an 80 megawatt cogeneration station at LCP's facility
+in Syracuse N.Y., in a project estimated to require about 50
+mln dlrs in financing.
+    Under the agreement, it said a standard power sale
+agreement is expected to be entered into with Niagara Mohawk
+Power Corp &lt;NMK> for the sale of electrical power output.
+    Besicrop said it is developing the project with &lt;Kamine
+Engineering and Mechanical Contracting &lt;Inc>, and both
+companies will retain long-term interests in the project.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18566" NEWID="2148">
+<DATE> 5-MAR-1987 11:16:40.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0562&#31;reute
+r f BC-signtech   03-05 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SIGNTECH INC> NINE MTHS JAN 31 NET</TITLE>
+<DATELINE>    MISSISSAUGA, Ontario, March 5 -
+    </DATELINE><BODY>Shr 55 cts vs 24 cts
+    Net 1.9 mln vs 800,000
+    Revs 17.6 mln vs 12.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18567" NEWID="2149">
+<DATE> 5-MAR-1987 11:17:25.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0567&#31;reute
+r f BC-canadian-imperial   03-05 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CANADIAN IMPERIAL BANK OF COMMERCE> 1ST QTR</TITLE>
+<DATELINE>    TORONTO, March 5 -
+    </DATELINE><BODY>Period ended January 31
+    Shr 61 cts vs 64 cts
+    Shr diluted 60 cts vs 60 cts
+    Net 96.5 mln vs 87.0 mln
+    Loans 44.87 billion vs 48.07 billion
+    Deposits 69.86 billion vs 68.45 billion
+    Assets 83.92 billion vs 78.93 billion
+    Note: shr after preferred dividends
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18568" NEWID="2150">
+<DATE> 5-MAR-1987 11:18:19.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0574&#31;reute
+d f BC-SATELLITE-AUCTION-UNI   03-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SATELLITE AUCTION UNIT MARCH, APRIL BOOKINGS UP</TITLE>
+<DATELINE>    DALLAS, March  5 - </DATELINE><BODY>Satellite Auction Network Inc &lt;SATL>
+said its wholly owned unit, Premier Auction Services, has
+booked over nine mln dlrs in direct auction equipment for March
+and April, 1987, versus between six and seven mln dlrs in the
+same period in 1986.
+    In addition Satellite Auction said it expects the unit's
+auction operations to generate over 50 mln in sales in 1987,
+matching the unit's sales when it was under the aegis of ITT
+Auction Services Corp, a unit of ITT Corp &lt;ITT>.
+    Satellite Auction assumed the operations, contract and
+personnel of the unit from ITT in February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18569" NEWID="2151">
+<DATE> 5-MAR-1987 11:19:39.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0584&#31;reute
+d f BC-&lt;TRIUMPH-CAPITAL-INC>   03-05 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TRIUMPH CAPITAL INC> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    MIAMI, March 5 - </DATELINE><BODY>Triumph Capital Inc said it has signed a
+letter of intent to acquire First Securities Transfer Systems
+Inc of Pompano Beach, Fla., for undisclosed terms.
+    The company said it is also entering the commercial finance
+business through the formation of Triumph Financial corp.
+    It said the new wholly-owned unit has extended a 350,000
+dlr secured line of credit to Micro Designs Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18570" NEWID="2152">
+<DATE> 5-MAR-1987 11:19:45.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0585&#31;reute
+h f BC-AGS-COMPUTER-&lt;AGS>-UN   03-05 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AGS COMPUTER &lt;AGS> UNIT GETS IBM LICENSE</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Systems Strategies Inc, a unit of AGS
+Computers Inc, said International Business Machines Corp &lt;IBM>
+has licensed five of its Systems Network Architecture and
+Binary Synchronous software packages.
+    Systems said it modified the software to run on the IBM
+4361 under the IX/370 operating system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18571" NEWID="2153">
+<DATE> 5-MAR-1987 11:19:48.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0586&#31;reute
+s f BC-CONCHEMCO-INC-&lt;CKC>-S   03-05 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONCHEMCO INC &lt;CKC> SETS QUARTERLY</TITLE>
+<DATELINE>    WICHITA, Kan., March 5 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay April Six
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18572" NEWID="2154">
+<DATE> 5-MAR-1987 11:19:53.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0587&#31;reute
+s f BC-DST-SYSTEMS-INC-&lt;DSTS   03-05 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DST SYSTEMS INC &lt;DSTS> REGULAR PAYOUT SET</TITLE>
+<DATELINE>    KANSAS CITY, MO., March 5 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay April 17
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18573" NEWID="2155">
+<DATE> 5-MAR-1987 11:21:35.04</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0590&#31;reute
+b f BC-/-FED-NOT-EXPECTED-TO   03-05 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED NOT EXPECTED TO TAKE MONEY MARKET ACTION</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>The Federal Reserve is not expected to
+intervene in the U.S. government securities market to add or
+drain reserves, economists said.
+    Most economists said they did not expect the Fed to add
+reserves with Federal funds trading below six pct.
+    They said the funds rate's softer tone may indicate that
+the need to add reserves in the current bank reserve
+maintenance period is smaller than previously estimated.
+    Fed funds opened at 5-15/16 pct and remained at that level.
+Yesterday funds averaged 6.01 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18574" NEWID="2156">
+<DATE> 5-MAR-1987 11:21:58.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0592&#31;reute
+b f BC-WRIGHT-SAYS-TAX-RISE   03-05 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WRIGHT SAYS TAX RISE NEEDED TO CUT U.S. DEFICIT</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>House Speaker James Wright said
+President Reagan should realize that there will be no way to
+meet the deficit reduction targets in the 1988 budget without a
+tax increase.
+    "In my judgment there isn't any way to achieve the commanded
+reductions in the deficit without some additional revenue," the
+Texas Democrat told reporters before the opening of the House
+session.
+    Wright said the Democrats intended to make the additional
+tax burden fairer than was Reagan's plan for 22 billion dlrs in
+additional revenues in the 1988 budget.
+    "It's not a question of whether new revenue is needed, it's
+a question of who has to pay," Wright said.
+    He has opposed deficit reduction proposals included in
+Reagan's budget which would raise fees on medicare recipients,
+tax black lung benefits and reduce tax breaks for home
+purchases.
+    Wright has sought to delay the 1988 income tax rate cut but
+has said other options such as a tax on securities transfers
+were merely floated as possible deficit reduction alternatives.
+    "There has to be a recognition of reality," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18575" NEWID="2157">
+<DATE> 5-MAR-1987 11:23:01.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0598&#31;reute
+f f BC-******BROWN-GROUP-INC   03-05 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BROWN GROUP INC 4TH QTR SHR 77 CTS VS 76 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18576" NEWID="2158">
+<DATE> 5-MAR-1987 11:23:52.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0604&#31;reute
+u f BC-PIRELLI-UK-INT-FINANC   03-05 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIRELLI UK INT FINANCE ISSUES 50 MLN STG EUROBOND</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Pirelli UK International Finance BV is
+issuing a 50 mln stg eurobond due April 9, 1992 paying 10 pct
+and priced at 101-1/2 pct, lead manager Barclays De Zoete Wedd
+Ltd.
+    The non callable issue is available in denominations of
+10,000 and 1,000 stg and will be listed in Luxembourg. The
+payment date April 9, 1987.
+    The selling concession is 1-1/4 pct while management pays
+1/4 pct and underwriting  3/8 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18577" NEWID="2159">
+<DATE> 5-MAR-1987 11:25:09.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0612&#31;reute
+u f BC-REGAL-INTERNATIONAL-&lt;   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGAL INTERNATIONAL &lt;RGL> UPS BELL &lt;BPSIQ> BID</TITLE>
+<DATELINE>    MIDLAND, Texas, March 5 - </DATELINE><BODY>Bell Petroleum Services Inc said
+Regal International Inc has doubled its offer for Bell stock to
+one Regal share for each Bell share from half a share
+previously.
+    The company said it is seriously considering the new offer
+but has also received an expression of interest for a possible
+merger into a Fortune 500 company it did not identify that will
+be investigated at meetings to be held later this week.
+    It said it will explore all possibilities before
+recommending a final course of action.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18578" NEWID="2160">
+<DATE> 5-MAR-1987 11:25:50.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0617&#31;reute
+r f BC-AZP-GROUP-&lt;AZP>-UNIT   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AZP GROUP &lt;AZP> UNIT REDEEMS PREFERRED STOCK</TITLE>
+<DATELINE>    PHOENIX, March 5 - </DATELINE><BODY>AZP Group Inc said its subsidiary
+Arizona Publc Service will redeem on June 1, 1987, all of its
+outstanding shares of its 3.58 dlr cummulative preferred stock
+Series O, 25 dlr par value.
+    The redemption price will be 27.39 dlrs per share, plus
+occurred dividends in accordiance with its terms of the orignal
+offering, the company said. The company issued two mln shars of
+the stock in May 1982.
+    Retiring the series at the first call date will save the
+compnay and its customers about three mln dlrs annually in 
+financing costs, said the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18579" NEWID="2161">
+<DATE> 5-MAR-1987 11:26:00.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0618&#31;reute
+r f BC-DUKE-POWER-&lt;DUK>-SELL   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUKE POWER &lt;DUK> SELLS 10-YEAR MORTGAGE BONDS</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Duke Power Co is raising 100 mln dlrs
+through an offering of first and refunding mortgage bonds due
+1997 yielding 7.663 pct, said lead manager Morgan Stanley.
+    Morgan led a syndicate that won the bonds at competitive
+bidding. It bid them at 98.403 and set a 7-1/2 pct coupon and
+reoffering price of 98.875 to yield 55 basis points more than
+comparable Treasury paper.
+    Non-refundable for five years, the issue is rated Aa-2 by
+Moody's and AA-minus by S and P. On June 12, 1986, the utility
+sold 125 mln dlrs of same-rated nine-year securities priced to
+yield 8.54 pct, or 58 basis points over Treasuries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18580" NEWID="2162">
+<DATE> 5-MAR-1987 11:26:14.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0620&#31;reute
+r f BC-EQK-GREEN-ACRES-LP-&lt;E   03-05 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQK GREEN ACRES LP &lt;EGA> REPORTS CASH FLOW</TITLE>
+<DATELINE>    BALA CYNWYD, Pa., March 5 - </DATELINE><BODY>EQK Green Acres LP said cash
+flow for the first 126 days of its operation, ended December
+31, was 34.2 cts per unit, three cts p*er unit over budget.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18581" NEWID="2163">
+<DATE> 5-MAR-1987 11:26:21.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0621&#31;reute
+r f BC-EQK-GREEN-ACRES-LP-&lt;E   03-05 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQK GREEN ACRES LP &lt;EGA> RAISES QUARTERLY</TITLE>
+<DATELINE>    BALA CYNWYD, Pa., March 5 -
+    </DATELINE><BODY>Qtly div 26-1/4 cts vs 25 cts prior
+    Pay Aug 14
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18582" NEWID="2164">
+<DATE> 5-MAR-1987 11:27:15.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0628&#31;reute
+d f BC-ENVIROPACT-&lt;VIRO>-ADD   03-05 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIROPACT &lt;VIRO> ADDS TWO FACILITIES</TITLE>
+<DATELINE>    MIAMI, March 5 - </DATELINE><BODY>Enviropact Inc said it purchased two
+facilities in Miami and Tampa, Fla.
+    In Miami, its said it bought a 1.9 acre lot with a 12,500
+square foot facility for 545,000 dlrs. In Tampa, it said it
+bought a 13,000 square foot facility for 440,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18583" NEWID="2165">
+<DATE> 5-MAR-1987 11:27:25.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0629&#31;reute
+d f BC-OGDEN-&lt;OG>-DEVICE-APP   03-05 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OGDEN &lt;OG> DEVICE APPROVED BY U.S. FOR TESTING</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Ogden Corp said a unit won approval
+from the U.S. Environmental Protection Agency to test a bed
+combuster, a device that burns some hazardous wastes under
+highly controlled conditions.
+    The company said the approval will allow its Ogden
+Environmental Services unit to operate a pilot scale model of
+the device, test the results, and fine tune the instrument to
+burn a number of wastes. Testing begins at the end of March.
+    The wastes include contaminated soils, chlorinated solvents
+such as carbon tetrachloride, non-chlorinated solvents like
+toluene, and distillation residues, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18584" NEWID="2166">
+<DATE> 5-MAR-1987 11:27:30.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0630&#31;reute
+f f BC-******MERCANTILE-STOR   03-05 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MERCANTILE STORES CO INC 4TH QTR SHR 3.26 DLRS VS 3.17 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18585" NEWID="2167">
+<DATE> 5-MAR-1987 11:27:35.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0631&#31;reute
+a f BC-WINLAND-ELECTRONICS-I   03-05 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINLAND ELECTRONICS INC 4TH QTR LOSS</TITLE>
+<DATELINE>    MANKATO, MINN., March 5 -
+    </DATELINE><BODY>Shr loss one ct vs profit 15 cts
+    Net loss 10,863 vs profit 176,344
+    Revs 672,073 vs 766,066
+    Year
+    Shr loss seven cts vs loss one ct
+    Net loss 77,804 vs loss 16,627
+    Revs 1,717,810 vs 1,317,402
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18586" NEWID="2168">
+<DATE> 5-MAR-1987 11:27:58.84</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0633&#31;reute
+b f AM-ANTIBIOTICS   03-05 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANTIBIOTICS IN FEED AID DEADLY BACTERIA: STUDY</TITLE>
+<DATELINE>    BOSTON, March 5 - </DATELINE><BODY>A study of salmonella poisoning has
+uncovered new evidence that the common practice of feeding
+antibiotics to cattle is helping to create deadly bacteria that
+can infect humans and resist medicines.
+    Researchers at the federal Centers for Disease Control
+tracked the spread of an unusual strain of salmonella that is
+resistant to the drug chloramphenicol and were able to link the
+resulting food poisoning to farms that used the drug to promote
+the growth of cattle.
+    Cattlemen often give their animals a constant supply of
+antibiotics in feed to help them grow faster. But critics have
+been warning for years that the constant exposure to the drugs
+is helping bacteria learn to resist the drugs.
+    Industry officials have disputed this, saying the diseases
+that develop a resistance in cattle probably do not affect
+humans.
+    But the new study, reported in Thursday's New England
+Journal of Medicine, shows the diseases can spread to humans.
+    The research team, led by Dr. John Spika, said the number
+of people who have developed the chloramphenicol-resistant
+infection in Los Angeles County alone jumped from 69 in 1984 to
+298 the following year. Two of those victims died and half the
+victims in their study of 45 patients had to be hospitalized
+for their illness.
+    They also discovered that cooking the meat didn't always
+prevent the disease. Only 15 pct of the victims reported eating
+raw, infected hamburger. Thus, the researchers concluded, "the
+majority of cases appear to have been caused by eating
+hamburger that was at least partially cooked."
+    The researchers said the results show that "food animals are
+a major source of antimicrobial-resistant salmonella infections
+in humans, and that these infections are associated with
+(antibiotic) use on farms."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18587" NEWID="2169">
+<DATE> 5-MAR-1987 11:28:57.20</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0640&#31;reute
+b f BC-EC-rejected-all-offer   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EC REJECTS ALL FREE MARKET WHEAT EXPORT  OFFERS AT WEEKLY TENDER - TRADERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18588" NEWID="2170">
+<DATE> 5-MAR-1987 11:29:22.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0641&#31;reute
+b f BC-GREAT-AMERICAN-ISSUES   03-05 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT AMERICAN ISSUES 15 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Great American First Savings Bank is
+issuing a 15 billion yen eurobond due April 2, 1992 paying five
+pct and priced at 101-3/4 pct, lead manager Nikko Securities Co
+(Europe) Ltd said.
+    The issue is collateralised for 140 to 150 pct by U.S.
+Government and federal securities and cash, to aim for a AAA
+listing, a Nikko official said.
+    The issue is available in denominations of 20 and five mln
+yen and will be listed in Luxembourg. The payment date is April
+2,  1987. The selling concession is 1-1/4 pct while management
+and underwriting combined pays 5/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18589" NEWID="2171">
+<DATE> 5-MAR-1987 11:30:22.44</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0647&#31;reute
+b f BC-EC-awards-123,000-ton   03-05 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EC AWARDS 123,000 TONNES BARLEY EXPORT  LICENCES AT 138.75 ECUS PER TONNE - TRADERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18590" NEWID="2172">
+<DATE> 5-MAR-1987 11:31:57.42</DATE>
+<TOPICS><D>grain</D><D>barley</D><D>wheat</D><D>corn</D><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>france</D><D>saudi-arabia</D><D>italy</D><D>spain</D><D>china</D><D>algeria</D><D>ussr</D><D>sri-lanka</D><D>poland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0650&#31;reute
+u f BC-FRENCH-CEREAL-EXPORTS   03-05 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH CEREAL EXPORTS THROUGH ROUEN FALL</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>French cereal exports through the port of
+Rouen fell 6.4 pct to 725,023 tonnes during the period February
+1 to 25, from 774,704 for the period February 1 to 26 last
+year, trade sources said.
+    Main destinations were Saudi Arabia with 158,109 tonnes of
+barley, the Soviet Union 147,214 of wheat, Italy 104,704 of
+wheat, Spain 91,381 of wheat and maize, China 52,500 of wheat
+and Algeria 41,000 of wheat.
+    Between February 26 and today, five ships have loaded
+137,000 tonnes of cereals, the sources added.
+    The 137,000 tonnes comprised 59,500 tonnes of wheat for
+China, 53,000 of wheat for the Soviet Union and 24,500 of wheat
+for Algeria.
+    By this Friday, sources estimated a further 233,600 tonnes
+of cereals will have been loaded, comprising 47,000 tonnes of
+barley, 78,600 of wheat and 25,000 of rapeseed for the Soviet
+Union, 30,000 of wheat for Sri Lanka, 28,000 of wheat for China
+and 25,000 of wheat for Poland.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18591" NEWID="2173">
+<DATE> 5-MAR-1987 11:32:18.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0652&#31;reute
+u f BC-NATIONAL-CONVENIENCE   03-05 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL CONVENIENCE &lt;NCS> TO HAVE 3RD QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 5 - </DATELINE><BODY>National Convenience Stores Inc said it
+expects to report a loss for the third quarter ending March 31
+due to continued poor sales in Texas, especially in Houston.
+    In last year's third quarter, National Convenience earned
+1,788,000 dlrs or eight cts per share, including a gain of
+2,883,000 dlrs from the sale of 186 stores to another operator.
+ It said the results also included earnings from gasoline
+operations of 2,500,000 dlrs or 11 cts per share caused by
+unusually high gross margins on gasoline sales of 12.7 cts per
+gallon that were caused by rapidly falling oil prices.
+    National Convenience said its third quarter is usually weak
+due to winter weather.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18592" NEWID="2174">
+<DATE> 5-MAR-1987 11:32:23.92</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0653&#31;reute
+b f BC-******MARATHON-RAISES   03-05 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MARATHON RAISES CRUDE POSTED PRICES 50 CTS A BBL, EFFECTIVE TODAY, WTI AT 17 DLRS/BBL.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18593" NEWID="2175">
+<DATE> 5-MAR-1987 11:33:11.89</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0659&#31;reute
+r f BC-REPORT-DUE-ON-OIL-IMP   03-05 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPORT DUE ON OIL IMPORTS AND NATIONAL SECURITY</TITLE>
+<DATELINE>    WASHINGTON, March 4 - </DATELINE><BODY>A presidential commission that has
+been studying oil imports, including their effect on national
+security, is to to make its report soon, the White House said.
+    Spokesman Marlin Fitzwater said the panel, set up last
+October to examine U.S. oil import needs, would make its report
+soon, probably within the next few weeks.
+    He said National Security Adviser Frank Carlucci "will wait
+until that report is in and then see if there is any special
+action needed to be taken in the national security area to
+implement it."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18594" NEWID="2176">
+<DATE> 5-MAR-1987 11:34:27.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0668&#31;reute
+f f BC-******CHRYSLER-SETS-T   03-05 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER SETS THREE-FOR-TWO STOCK SPLIT, RAISES DIVIDEND
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18595" NEWID="2177">
+<DATE> 5-MAR-1987 11:34:38.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0669&#31;reute
+r f BC-TIME-MANAGEMENT-SYSTE   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIME MANAGEMENT SYSTEMS &lt;TMS> TO GET INFUSION</TITLE>
+<DATELINE>    STILLWATER, Okla., March 5 - </DATELINE><BODY>Time Management Systems
+Software Inc said it will receive 2,400,000 dlrs from
+Management Technologies Inc &lt;MTI> in exchange for an equity
+position.
+    The company said the money will be used to service existing
+and pending contracts as well as the overall anticipated growth
+of the company.
+    In a separate action, Management Technologies  will acquire
+options to purchase enough shares from the personal holdings of
+J.W. McKellip, chairman of Time, to become a controlling
+shareholder of Time.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18596" NEWID="2178">
+<DATE> 5-MAR-1987 11:36:00.06</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0676&#31;reute
+f f BC-******U.S.-COMMERCE-D   03-05 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. COMMERCE DEPT'S ORTNER SAYS YEN IS 10 OR 15 PCT UNDERVALUED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18597" NEWID="2179">
+<DATE> 5-MAR-1987 11:36:37.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0680&#31;reute
+u f BC-CONTINENTAL-AIR-FEBRU   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL AIR FEBRUARY LOAD FACTOR FALLS</TITLE>
+<DATELINE>    HOUSTON, March 5 - </DATELINE><BODY>Texas Air Corp's &lt;TEX> Continental
+Airlines said its February load factor fell to 60.3 pct from
+62.3 pct in February 1986.
+    Revenue passenger miles grew 95.8 pct in February to 2.75
+billion from 1.40 billion and 69.7 pct year-to-date to 4.85
+billion from 2.86 billion, the company said.
+    Available seat miles more than doubled in February to 4.55
+billion from 2.25 billion and increased 73 pct in the two
+months to 8.17 billion from 4.72 billion.
+    The load factor, or percentage of seats filled, fell to
+59.4 pct from 60.6 pct in the two months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18598" NEWID="2180">
+<DATE> 5-MAR-1987 11:37:24.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0684&#31;reute
+r f BC-INTERNATIONAL-LEASE-F   03-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL LEASE FINANCE &lt;ILFC> LEASES JETS</TITLE>
+<DATELINE>    LOS ANGELES, Calif., March 5 - </DATELINE><BODY>International Lease Finance
+Corp said it has agreed to lease a new Boeing Co &lt;BA> 757-200
+jet and two new McDonnell Douglas &lt;MD> MD-83 jets.
+    The company said the value of the combined transactions
+totals 71 mln dlrs.
+    The Boing jet will be leased to Monarch Airlines Ltd in
+five-year, 26-mln-dlr transaction and will be delivered in May,
+1987.
+    The two McDonnell Douglas jets will be leased to British
+Island Airways PLC, in an eight-year, 45-mln-dlr transaction.
+They will be delivered in April, 1988, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18599" NEWID="2181">
+<DATE> 5-MAR-1987 11:37:35.34</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0686&#31;reute
+f f BC-******U.S.-COMMERCE-D   03-05 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. COMMERCE DEPT'S  ORTNER SAYS DOLLAR FAIRLY PRICED AGAINST EUROPEAN CURRENCIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18600" NEWID="2182">
+<DATE> 5-MAR-1987 11:38:04.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0688&#31;reute
+b f BC-BROWN-GROUP-INC-&lt;BG>   03-05 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN GROUP INC &lt;BG> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    ST. LOUIS, March 5 -
+    </DATELINE><BODY>Shr 77 cts vs 76 cts
+    Net 13,843,000 vs 14,478,000
+    Sales 374.6 mln vs 368.3 mln
+    Avg shrs 18,003,000 vs 19,025,000
+    Year
+    Shr 2.16 dlrs vs 2.65 dlrs
+    Net 39,503,000 vs 51,573,000
+    Revs 1.41 billion vs 1.41 billion
+    Avg shrs 18,269,000 vs 19,497,000
+    NOTE: 1986 period ended February One
+    Company changed fiscal yearend to January 31 from October
+31. 1986 results were restated to reflect the change.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18601" NEWID="2183">
+<DATE> 5-MAR-1987 11:38:10.86</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0689&#31;reute
+b f BC-EC-AWARDS-EXPORT-LICE   03-05 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EC AWARDS EXPORT LICENCES FOR 25,000  TONNES MAIZE - PARIS TRADE.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18602" NEWID="2184">
+<DATE> 5-MAR-1987 11:38:33.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0691&#31;reute
+r f BC-SALOMON-&lt;SB>-NAMES-RO   03-05 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON &lt;SB> NAMES ROSENFELD TO NEW POST</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Salomon Inc said it elected Gerald
+Rosenfeld exeuctive vice president and chief financial officer,
+succeeding Ray Golden who left January 31 and has since joined
+&lt;Trammell Crow Co>.
+    Salomon also said Rosenfeld was named to the new position
+of chief financial officer of Salomon Brothers, where he will
+oversee its financial division of 560 people.
+    Rosenfeld joined Salomon in 1979 and has been a member of
+Salomon Brothers' merger and acquisitions group. Last year he
+became head of Salomon Brothers' Capital commitments committee,
+a role he retains.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18603" NEWID="2185">
+<DATE> 5-MAR-1987 11:39:02.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0692&#31;reute
+b f BC-SAPPORO-BREWERIES-ISS   03-05 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAPPORO BREWERIES ISSUES FIVE YEAR SFR NOTES</TITLE>
+<DATELINE>    ZURICH, March 5 - </DATELINE><BODY>Sapporo Breweries Ltd of Japan is issuing
+100 mln Swiss francs of five year notes with a 4-5/8 pct coupon
+and 100-1/4 issue price, lead manager Swiss Bank Corp said.
+    The issue is guaranteed by Fuji Bank.
+    Payment is due March 17.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18604" NEWID="2186">
+<DATE> 5-MAR-1987 11:39:11.34</DATE>
+<TOPICS><D>copper</D><D>lead</D><D>zinc</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0693&#31;reute
+u f BC-ZAMBIAN-COPPER-OUTPUT   03-05 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIAN LATE 1986 COPPER OUTPUT UP, SALES DOWN</TITLE>
+<DATELINE>    LUSAKA, March 5 - </DATELINE><BODY>Zambian copper production rose 3.2 pct to
+113,275 tonnes in fourth quarter 1986 from 109,767 in the same
+1985 period but sales fell 18.7 pct to 119,967 tonnes from
+147,537, Zambia Consolidated Copper Mines, ZCCM, said.
+    A spokesman for the government-controlled mining company
+said the country's cobalt production fell 24 pct to 879 tonnes
+over the same period, while cobalt sales rose 92 pct to 1,734
+tonnes. He did not give figures for the fourth quarter of 1985.
+    Lead production fell 22.9 pct to 1,670 tonnes from 2,165
+and zinc production dropped 14 pct to 4,830 tonnes, he added.
+    ZCCM, which monopolises copper mining in Zambia and
+accounts for about 90 pct of the country's foreign exchange
+earnings, made a net loss of 718 mln kwacha in 1986 compared
+with a net profit of 19 mln kwacha the previous year.
+    The 1986 losses were after taking into account net interest
+payments of 426 mln kwacha, an exchange loss of 412 mln kwacha
+and taxes of 235 mln kwacha.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18605" NEWID="2187">
+<DATE> 5-MAR-1987 11:39:19.38</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0694&#31;reute
+u f BC-BAD-WEATHER-CLOSES-AL   03-05 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAD WEATHER CLOSES ALEXANDRIA PORT, OIL TERMINAL</TITLE>
+<DATELINE>    ALEXANDRIA, Egypt, March 5 - </DATELINE><BODY>Strong winds and high seas
+today closed Alexandria, Egypt's biggest port, and an oil
+pipeline terminal nearby, officials said.
+    Facilities of the Suez-Mediterranean Arab Petroleum
+Pipelines Company at Sidi Kreir, 32 km southeast of Alexandria,
+were closed this morning after one tanker loaded and sailed.
+    Officials said that five other tankers were waiting outside
+the terminal for conditions to improve.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18606" NEWID="2188">
+<DATE> 5-MAR-1987 11:41:14.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0699&#31;reute
+d f BC-PEGASUS-GOLD-INC-&lt;PGU   03-05 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEGASUS GOLD INC &lt;PGULF> 4TH QTR NET</TITLE>
+<DATELINE>    SPOKANE, Wash., March 5 -
+    </DATELINE><BODY>Shr profit 20 cts vs loss two cts
+    Net profit 2,665,000 vs loss 202,000
+    Revs 12.1 mln vs 5,993,000
+    Year
+    Shr profit 35 cts vs loss 11 cts
+    Net profit 4,653,000 vs loss 1,167,000
+    Revs 35.1 mln vs 18.0 mln
+    NOTE: Current qtr includes gain of 1.1 mln dlrs from tax
+benefit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18607" NEWID="2189">
+<DATE> 5-MAR-1987 11:41:26.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0700&#31;reute
+r f BC-ACETO-&lt;ACET>-EXTENDS   03-05 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACETO &lt;ACET> EXTENDS STOCK REPURCHASE PROGRAM</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Aceto Corp said its board authorized an
+extension of a stock buyback program for three years until May
+1990.
+    The 200,000 share repurchase program, initially authorized
+in May 1984, was due to expire May 1987. Since its inception,
+the company said it has repurchased 35,957 shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18608" NEWID="2190">
+<DATE> 5-MAR-1987 11:41:57.40</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0704&#31;reute
+b f BC-/U.S.-COMMERCE'S-ORTN   03-05 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COMMERCE'S ORTNER SAYS YEN UNDERVALUED</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Commerce Dept. undersecretary of
+economic affairs Robert Ortner said that he believed the dollar
+at  current levels was fairly priced against most European
+currencies.
+    In a wide ranging address sponsored by the Export-Import
+Bank, Ortner, the bank's senior economist also said he believed
+that the yen was undervalued and could go up by 10 or 15 pct.
+    "I do not regard the dollar as undervalued at this point
+against the yen," he said.
+    On the other hand, Ortner said that he thought that "the yen
+is still a little bit undervalued," and "could go up another 10
+or 15 pct."
+    In addition, Ortner, who said he was speaking personally,
+said he thought that the dollar against most European
+currencies was "fairly priced."
+    Ortner said his analysis of the various exchange rate
+values was based on such economic particulars as wage rate
+differentiations.
+    Ortner said there had been little impact on U.S. trade
+deficit by the decline of the dollar because at the time of the
+Plaza Accord, the dollar was extremely overvalued and that the
+first 15 pct decline had little impact.
+    He said there were indications now that the trade deficit
+was beginning to level off.
+    Turning to Brazil and Mexico, Ortner made it clear that it
+would be almost impossible for those countries to earn enough
+foreign exchange to pay the service on their debts.  He said
+the best way to deal with this was to use the policies outlined
+in Treasury Secretary James Baker's debt initiative.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18609" NEWID="2191">
+<DATE> 5-MAR-1987 11:42:35.18</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0705&#31;reute
+b f BC-EC-REJECTS-ALL-WHEAT   03-05 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC REJECTS WHEAT EXPORT BIDS, GRANTS BARLEY</TITLE>
+<DATELINE>    BRUSSELS, March 5 - </DATELINE><BODY>The European Community's cereal
+management committee rejected all bids to export free market
+soft wheat at today's weekly tender, traders said.
+    The committee awarded 123,000 tonnes of free market barley
+export licences at a maximum export refund of 138.75 Ecus per
+tonne.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18610" NEWID="2192">
+<DATE> 5-MAR-1987 11:45:02.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0718&#31;reute
+u f BC-ZAYRE-&lt;ZY>-FEBRUARY-S   03-05 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAYRE &lt;ZY> FEBRUARY SALES UP 25.7 PCT</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., March 5 - </DATELINE><BODY>Zayre Corp said sales for the
+four weeks ended February 28 were up 25.7 pct to 327.0 mln dlrs
+from 260.2 mln dlrs a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18611" NEWID="2193">
+<DATE> 5-MAR-1987 11:45:13.97</DATE>
+<TOPICS><D>acq</D><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0720&#31;reute
+r f BC-CORNING-GLASS-WORKS-&lt;   03-05 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORNING GLASS WORKS &lt;GLW> UNIT TRANSFERS STOCK</TITLE>
+<DATELINE>    CORNING, N.Y., March 5 - </DATELINE><BODY>Corning Glass Works' subsidiary
+Corning International Corp said it agreed to transfer 55 pct of
+its capital stock of an Argentine glass manufacturer to a
+European group.
+    It said it will transfer the capital stock of Rigolleau,
+S.A., to the group controlled by Camillo Gancia, an Argentine
+industrialist.
+    The company said the transaction would reduce Corning's
+ownership in Rigolleau to approximately 20 pct. The company
+said the change will not impact on its net income for th year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18612" NEWID="2194">
+<DATE> 5-MAR-1987 11:45:37.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0722&#31;reute
+u f BC-ZAYRE-CORP-&lt;ZY>-4TH-Q   03-05 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAYRE CORP &lt;ZY> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., March 5 -
+    </DATELINE><BODY>Shr 73 cts vs 60 cts
+    Net 43,792,000 vs 36,480,000
+    Rev 1.78 billion vs 1.34 billion
+    Year
+    Shr 1.49 dlrs vs 1.61 dlrs
+    Net 88,974,000 vs 94,647,000
+    Rev 5.35 billion vs 4.04 billion
+    NOTE: 4th qtr net includes pre-tax gain of 9.7 mln dlrs
+from sale of real estate and real estate development company.
+    Fiscal 1986 net includes extraordinary charge of 3.5 mln
+dlrs, or six cts a share. All per share data reflects a
+two-for-one stock split paid June 25, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18613" NEWID="2195">
+<DATE> 5-MAR-1987 11:47:38.39</DATE>
+<TOPICS><D>sugar</D><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0727&#31;reute
+d f BC-FARMERS-CONCERNED-ABO   03-05 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARMERS CONCERNED ABOUT BRITISH SUGAR OWNERSHIP</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The National Farmers Union, NFU, remains
+concerned about the future ownership of British Sugar despite
+last week's decision by the government to block bids from
+Italy's Gruppo Ferruzzi and Britain's Tate &amp; Lyle Plc.
+    The union's sugar beet committee met yesterday to consider
+the implications of a government Monopolies and Merger
+Commission, MMC, report issued last week. "We are still
+concerned about S and W Berisford being long-term owners of
+British Sugar," a spokesman said. "We do not view Berisford as
+providing the long-term stability we want."
+    The Trade and Industry Secretary accepted a recommendation
+last week by the MMC that it block a bid by Tate and Lyle for S
+and W Berisford Plc and stop Gruppo Ferruzzi buying a majority
+of British Sugar, owned by Berisford.
+    Union officials believe a new bid for the monopoly beet
+processor is now likely. "We are looking again at the
+undertakings that we have demanded of existing bidders and
+which we would seek of any future bidders," the spokesman said.
+The NFU, which represents Britain's 11,500 sugar beet growers,
+is also taking legal advice on particular paragraphs in the MMC
+report which it says need further explanation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18614" NEWID="2196">
+<DATE> 5-MAR-1987 11:47:47.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0728&#31;reute
+r f BC-ZAYRE-&lt;ZY>-PLANS-MORE   03-05 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAYRE &lt;ZY> PLANS MORE STORE OPENINGS IN 1987</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., March 5 - </DATELINE><BODY>Zayre Corp said it plans to
+open 25 additional Zayre Stores, 35 new T.J. Maxx stores and 50
+Hit or Miss Shops in 1987.
+    In addition, Zayre said it plans to add six new BJ's
+Wholesale Clubs and eight new HomeClubs to its warehouse group.
+    Earlier, the company reported 1986 earnings, ended January
+31, of 89.0 mln dlrs, or 1.49 dlrs per share, versus 94.6 mln
+dlrs, or 1.61 dlrs per share, in fiscal 1985. It also reported
+fourth quarter net of 43.8 mln dlrs, or 73 cts a share, versus
+36.5 mln dlrs, or 60 cts a share in 1985's fourth quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18615" NEWID="2197">
+<DATE> 5-MAR-1987 11:49:11.91</DATE>
+<TOPICS><D>gnp</D><D>jobs</D></TOPICS>
+<PLACES><D>netherlands</D><D>west-germany</D></PLACES>
+<PEOPLE><D>duisenberg</D><D>ruding</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0734&#31;reute
+r f BC-DUTCH-GROWTH-LIKELY-T   03-05 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH GROWTH LIKELY TO SLOW, JOBLESS RISE IN 1987</TITLE>
+<AUTHOR>    By Raymond Gijsen, Reuters</AUTHOR>
+<DATELINE>    AMSTERDAM, March 5 - </DATELINE><BODY>Leaks of a major Dutch official
+economic forecast due to be published on Monday indicate
+reduced economic growth and a renewed rise in unemployment this
+year, political and market sources say.
+    Concern over an anticipated fall in Dutch competitiveness
+this year against a background of an average 2-1/2 pct wage
+increase, zero inflation and a firm guilder has triggered some
+calls for a change in monetary policy to help boost growth.
+    But whatever the government's response, the central bank
+will stick to its policy of keeping the guilder firm, they say.
+    The official forecasting agency Centraal Planbureau (CPB)
+publishes its 1987 outlook at the start of a week which will
+also see a key parliamentary debate on government finances and
+the economy.
+    Merchant bank Pierson, Heldring en Pierson - in an estimate
+reflecting general sentiment - said last month that Dutch
+economic growth was now seen around one pct.
+    Domestic consumer spending is not expected to offset the
+decline in export growth caused by slowing growth in West
+Germany, the main Dutch trading partner, and the lower dollar,
+Pierson said in its February economic outlook.
+    The latest growth forecasts are well below a 1.5 to two pct
+growth figure seen by the CPB early last month and forecasts of
+2.5 pct economic growth in 1987 made last September.
+    The fall in unemployment is bottoming out and the
+government has already admitted it will not meet its goal of
+reducing unemployment by an annual 50,000 from 1986 to 1990.
+    Some analysts and industry leaders have questioned central
+bank policy of pegging the guilder firmly to the mark and if
+necessary keeping interest rates up to support the guilder.
+    Employers federation NCW chairman Fred Lempers criticised
+the guilder's revaluation in line with the West German mark in
+last January's European Monetary System (EMS) realignment and
+expressed concern over its effect on competitiveness.
+    But the employers federation VNO noted the Dutch economy
+had become more competitive since 1980 and the fall of the
+dollar was affecting this gain more than the EMS realignment.
+    Some analysts also question the central bank's decision not
+to copy the latest Bundesbank discount rate cut and instead
+lower money market rates and abolish a credit quota surcharge.
+    Central bank president Wim Duisenberg has defended the move
+saying the bank had adjusted the rates with the most impact on
+the money market, noting "the (4.5 pct) discount rate is at the
+moment not the most important Dutch rate because it is already
+far below the market rates."
+    Central bank officials say the heavy dependence on trade of
+the Dutch economy requires a stable exchange rate, and interest
+rate policies serve that goal.
+    Analysts noted a large capital outflow from the Netherlands
+recently as foreign investments in Dutch stock are being sold
+to take profits.
+    Loosening the tie between the guilder and the mark would
+reduce international confidence in the guilder and make it more
+dificult to attract foreign capital, they said, noting Dutch
+interest rates rose sharply when the guilder was not revalued
+completely in line with the mark in a 1983 EMS realignment.
+    Many Dutch banks have reacted favourably to the decision
+not to copy the last German discount rate cut, but Pierson
+warned it could actually add to uncertainty over the guilder.
+    Some analysts noted friction between the Finance Ministry
+and the central bank, with Finance Minister Onno Ruding having
+said before the Bundesbank discount rate cut he favoured lower
+Dutch rates but that the Germans should move first.
+    One analyst said Ruding wanted to bring interest rates down
+to reduce the government debt burden.
+    A Finance Ministry spokesman said lower interest rates were
+needed but denied any suggestion of conflicting views between
+the ministry and the central bank. "The cabinet's policy is
+steady, the guilder has to stay with the mark," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18616" NEWID="2198">
+<DATE> 5-MAR-1987 11:50:14.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0739&#31;reute
+b f BC-/CHRYSLER-&lt;C>-SETS-ST   03-05 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> SETS STOCK SPLIT, HIGHER DIVIDEND</TITLE>
+<DATELINE>    DETROIT, March 5 - </DATELINE><BODY>Chrysler Corp said its board declared a
+three-for-two stock split in the form of a 50 pct stock
+dividend and raised the quarterly dividend by seven pct.
+    The company said the dividend was raised to 37.5 cts a
+share from 35 cts on a pre-split basis, equal to a 25 ct
+dividend on a post-split basis.
+    Chrysler said the stock dividend is payable April 13 to
+holders of record March 23 while the cash dividend is payable
+April 15 to holders of record March 23. It said cash will be
+paid in lieu of fractional shares.
+    With the split, Chrysler said 13.2 mln shares remain to be
+purchased in its stock repurchase program that began in late
+1984. That program now has a target of 56.3 mln shares with the
+latest stock split.
+    Chrysler said in a statement the actions "reflect not only
+our outstanding performance over the past few years but also
+our optimism about the company's future."
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18617" NEWID="2199">
+<DATE> 5-MAR-1987 11:50:29.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0742&#31;reute
+h f BC-PARIBAS-SHARES-TO-BE   03-05 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIBAS SHARES TO BE QUOTED ON MAIN PARIS MARKET</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>Shares in financial group Cie Financiere
+de Paribas &lt;PARI.PA>, privatised in January, will begin trading
+on the Paris Bourse monthly settlement market on April 23,
+France's Association of Stockbrokers said.
+    The shares are currently traded on the immediate settlement
+market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18618" NEWID="2200">
+<DATE> 5-MAR-1987 11:51:07.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0746&#31;reute
+u f BC-GREAT-AMERICAN-ISSUES   03-05 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT AMERICAN ISSUES 15 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Great American First Savings Bank is
+issuing a 15 billion yen eurobond due April 2, 1992 paying five
+pct and priced at 101-3/4 pct, lead manager Nikko Securities Co
+(Europe) Ltd said.
+    The issue is collateralised for 140 to 150 pct by U.S.
+Government and federal securities and cash, to aim for a AAA
+listing, a Nikko official said.
+    The issue is available in denominations of 20 and five mln
+yen and will be listed in Luxembourg. The payment date is April
+2,  1987. The selling concession is 1-1/4 pct while management
+and underwriting combined pays 5/8 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18619" NEWID="2201">
+<DATE> 5-MAR-1987 11:51:32.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0749&#31;reute
+r f BC-TWA-&lt;TWA>-GETS-APPROV   03-05 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> GETS APPROVAL FOR LONDON ROUTE</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Trans World Airlines Inc said the U.S.
+Department of Transportation has granted preliminary approval
+for service between Baltimore/Washington International Airport
+and London.
+    It said once a final decision is reached, it will proceed
+with plans to start service on the route.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18620" NEWID="2202">
+<DATE> 5-MAR-1987 11:51:41.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>spain</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0750&#31;reute
+u f BC-BANCO-SANTANDER-TO-BU   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCO SANTANDER TO BUY WEST GERMANY'S CC-BANK</TITLE>
+<DATELINE>    MADRID, March 5 - </DATELINE><BODY>&lt;Banco Santander> signed a letter of
+intent with Bank of America &lt;BAC> to purchase its West German
+affiliate &lt;Bankhaus Centrale Credit AG>, CC-Bank, the bank said
+in a statement amplifying an earlier report from Frankfurt.
+    "The incorporation of CC-Bank in our group will provide a
+major boost...For chanelling investment between Spain and the
+European Community," the statement said.
+    "This operation enables us to take up a solid position in
+West Germany ahead of Spain's full integration into the EC's
+financial system in five years' time."
+    The deal included the license for Visa credit cards.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18621" NEWID="2203">
+<DATE> 5-MAR-1987 11:52:01.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0752&#31;reute
+r f BC-canadian-imperialsees   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN IMPERIAL SEES LOWER LOAN LOSSES</TITLE>
+<DATELINE>    TORONTO, March 5 - </DATELINE><BODY>&lt;Canadian Imperial Bank of Commerce>,
+earlier reporting higher net income for the first quarter ended
+January 31, said it expects loan losses to be lower than last
+year's 697.0 mln dlrs.
+    However, the bank said it will maintain the high level of
+provisioning for loan losses established last year because of
+many market uncertainties. Commerce bank set loan loss
+provisions of 636.0 mln dlrs in fiscal 1986, ended October 31.
+    The bank earlier said first quarter net income rose to 96.5
+mln dlrs from 87.0 mln dlrs in the prior year. Profit per basic
+share after dividends fell to 61 cts from year-ago 64 cts.
+    Commerce Bank said because of market uncertainties, it used
+an estimate of 600.0 mln dlrs for fiscal 1987 loan losses in
+calculating first quarter results.
+    The bank's first quarter provision for loan losses rose to
+172.0 mln dlrs, from 152.0 mln dlrs in the prior year.
+    Commerce Bank also said it will continue to adopt an
+agressive posture in adding to its general provisions against
+loan exposure to 34 countries designated by the federal
+government's Inspector General of Banks.
+    First quarter net partly benefitted from net interest
+income, up to 561.8 mln dlrs from year ago 540.9 mln dlrs.
+    Commerce Bank said improved other income, which rose to
+213.6 mln dlrs from year-earlier 170.1 mln dlrs, and net income
+was partially offset by the increased loan loss provisions,
+non-interest expenses and income taxes.
+    The bank said first quarter total assets increased to 83.92
+billion dlrs from 78.93 mln dlrs in the prior year, due mainly
+to continued expansion in consumer loan and mortgage fields.
+    Return on assets increased by two cts to 46 cts per 100
+dlrs of average assets from the first quarter in fiscal 1986,
+but declined two cts from fiscal 1986 fourth quarter.
+    The bank also said total non-accrual loans increased to 2.4
+billion dlrs in the first quarter from year-ago 1.8 billion
+dlrs. However, non-accrual loans declined 130 mln dlrs from
+fiscal 1986 year-end.
+    "Despite the recent announcement of the suspension of
+interest payments by Brazil, virtually all of the bank's loans
+to this country were income producing up to January 31, 1987,
+and there was little adverse impact on the bank's earnings
+prior to the announcement," Commerce bank said.
+    The bank did not disclose a forecast of the impact on
+future earnings by Brazil's suspension of interest payments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18622" NEWID="2204">
+<DATE> 5-MAR-1987 11:52:18.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0754&#31;reute
+u f BC-LOWE'S-&lt;LOW>-FEBRUARY   03-05 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWE'S &lt;LOW> FEBRUARY SALES UP SEVEN PCT</TITLE>
+<DATELINE>    NORTH WILKESBORO, N.C., March 5 - </DATELINE><BODY>Lowe's Cos Inc said sales
+for the four weeks ended February 27 were up seven pct to 136.6
+mln dlrs from 127.4 mln dlrs a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18623" NEWID="2205">
+<DATE> 5-MAR-1987 11:53:38.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0762&#31;reute
+u f BC-MERCANTILE-STORES-CO   03-05 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCANTILE STORES CO INC &lt;MST> 4TH QTR NET</TITLE>
+<DATELINE>    WILMINGTON, Dela., March 5 - </DATELINE><BODY>Qtr ends Jan 31
+    Shr 3.26 dlrs vs 3.17 dlrs
+    Net 47.9 mln vs 46.7 mln
+    Revs 673.1 mln vs 630.2 mln
+    12 mths
+    Shr 7.54 dlrs vs 6.95 dlrs
+    Net 111.1 mln vs 102.4 mln
+    Revs 2.03 billion vs 1.88 billion
+.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18624" NEWID="2206">
+<DATE> 5-MAR-1987 11:54:43.70</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0765&#31;reute
+b f BC-INDIA-BOUGHT-AT-LEAST   03-05 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA BOUGHT AT LEAST EIGHT CARGOES SUGAR--TRADE</TITLE>
+<DATELINE>    ****LONDON, March 5 - </DATELINE><BODY>India bought eight cargoes of white
+sugar at a buying tender this week but also gave sellers
+options to sell an extra eight cargoes at the same prices,
+traders said.
+    Four international firms shared the business which gave
+each of them sales of two cargoes of Mar/Apr shipment sugar at
+233 dlrs CIF and options on two cargoes of Apr/May.
+    This brings recent options India has given traders to some
+200,000 tonnes at fixed prices and makes future Indian
+purchases very dependent on price fluctuations, traders said.
+    At 233 dlrs CIF the sugar sold this week was at a discount
+of up to 10 dlrs to current prices, some traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18625" NEWID="2207">
+<DATE> 5-MAR-1987 11:54:50.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0766&#31;reute
+b f BC-******UNITEL-VIDEO-SH   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNITEL VIDEO SHAREHOLDER PROPOSES POSSIBLE SALE OR LIQUIDATION OF COMPANY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18626" NEWID="2208">
+<DATE> 5-MAR-1987 11:57:19.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0777&#31;reute
+u f BC-ROSS-STORES-&lt;ROST>FEB   03-05 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSS STORES &lt;ROST>FEBRUARY SAME-STORE SALES FLAT</TITLE>
+<DATELINE>    NEWARK, Calif., March 5 - </DATELINE><BODY>Ross Stores Inc said sales for
+the four weeks ended February 28 were up 33 pct to 40 mln dlrs
+from 30 mln dlrs a year earlier, with same-store sales flat.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18627" NEWID="2209">
+<DATE> 5-MAR-1987 11:57:32.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0779&#31;reute
+r f BC-TELEMATICS-IN-INITIAL   03-05 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEMATICS IN INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., March 5 - </DATELINE><BODY>&lt;Telematics International
+Inc> said 2,550,000 shares of common at 12 dlrs per share are
+being offered in an initial public offering.
+    It said it is offering 2,050,000 and certain shareholders
+are offering 500,000 shares.
+    &lt;Alex. Brown and Sons Inc> and Robertson, Colman and
+Stephens are the managers of the syndicate offering the larger
+number of shares, and Alex. Brown, Colman and Hambros Bank
+Limited are the managers of the international offering of
+500,000 shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18628" NEWID="2210">
+<DATE> 5-MAR-1987 11:58:20.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0782&#31;reute
+r f BC-TOKHEIM-CORP-&lt;TOK>-EN   03-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKHEIM CORP &lt;TOK> ENTERS JOINT VENTURE</TITLE>
+<DATELINE>    FORT WAYNE, Ind., March 5 - </DATELINE><BODY>Tokheim Corp said its advanced
+products and electronics division has reached a four-year
+manufacturing and marketing agreement with &lt;TechVend>, a New
+Jersey-based corporation which had developed a credit card
+activated video cassette rental machine.
+    Tokheim said the agreement gives it exclusive manufacturing
+and servicing rights for all TechVend machines, as well as
+exclusive marketing rights for convenience stores and other
+petroleum market-related installations.
+    The company said the vending machines are a springboard
+into the video cassette rental industry.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18629" NEWID="2211">
+<DATE> 5-MAR-1987 11:59:02.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0786&#31;reute
+s f BC-ALLEGHENY-POWER-SYSTE   03-05 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY POWER SYSTEM INC &lt;AYP> SETS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 5 -
+    </DATELINE><BODY>Qtly div 73 cts vs 73 cts prior
+    Pay March 31
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18630" NEWID="2212">
+<DATE> 5-MAR-1987 11:59:37.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0788&#31;reute
+r f BC-selkirk   03-05 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SELKIRK COMMUNICATIONS LTD> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 5 -
+    </DATELINE><BODY>Oper shr 57 cts vs 73 cts
+    Oper net 6,051,000 vs 7,818,000
+    Revs 50.0 mln vs 56.0 mln
+    Year
+    Oper shr 1.06 dlrs vs 1.24 dlrs
+    Oper net 11,301,000 vs 13,203,000
+    Revs 171.9 mln vs 207.4 mln
+    NOTE: Current oper net excludes extraordinary income of
+180,000 dlrs in qtr and 1,119,000 dlrs in year vs previous
+losses of 2,345,000 dlrs and 515,000 dlrs, respectively.
+                        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18631" NEWID="2213">
+<DATE> 5-MAR-1987 12:00:10.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0790&#31;reute
+r f BC-HOUSTON-OIL-ROYALTY-T   03-05 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSTON OIL ROYALTY TRUST &lt;RTH> PAYOUT LOWER</TITLE>
+<DATELINE>    HOUSTON, March 5 -
+    </DATELINE><BODY>Mthly div 2.108 cts vs 2.158 cts prior
+    Pay March 26
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18632" NEWID="2214">
+<DATE> 5-MAR-1987 12:00:51.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0791&#31;reute
+b f BC-JUTLAND-TELEPHONE-ISS   03-05 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUTLAND TELEPHONE ISSUES 75 MLN SFR 10 YEAR BOND</TITLE>
+<DATELINE>    ZURICH, March 5 - </DATELINE><BODY>Jutland Telephone Co has launched a 75
+mln 10 year bond with a 4-3/4 pct coupon and par issue price,
+market sources said.
+    They said the issue is led by Union Bank of Switzerland.
+    The bond is on sale until March 19 with payment due April
+10.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18633" NEWID="2215">
+<DATE> 5-MAR-1987 12:01:29.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0793&#31;reute
+u f BC-SAPPORO-BREWERIES-ISS   03-05 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAPPORO BREWERIES ISSUES FIVE YEAR SFR NOTES</TITLE>
+<DATELINE>    ZURICH, March 5 - </DATELINE><BODY>Sapporo Breweries Ltd of Japan is issuing
+100 mln Swiss francs of five year notes with a 4-5/8 pct coupon
+and 100-1/4 issue price, lead manager Swiss Bank Corp said.
+    The issue is guaranteed by Fuji Bank.
+    Payment is due March 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18634" NEWID="2216">
+<DATE> 5-MAR-1987 12:01:45.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0795&#31;reute
+b f BC-******ENGELHARD-CORP   03-05 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ENGELHARD CORP SETS THREE FOR TWO STOCK SPLIT AND RAISES QUARTERLY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18635" NEWID="2217">
+<DATE> 5-MAR-1987 12:03:00.26</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>barley</D><D>corn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0804&#31;reute
+b f BC-PARIS-TRADE-DETAILS-E   03-05 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIS TRADE DETAILS EC GRAIN TENDER RESULT</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>The EC Commission rejected all bids for
+free market bread-making and feed wheat and all bids for the
+special West German tender at today's weekly EC cereals tender,
+trade sources said here.
+    It granted export licences for 123,000 tonnes of free
+market barley at a maximum rebate of 138.75 Ecus per tonne and
+25,000 tonnes of maize at a maximum rebate of 133.75 Ecus, they
+said.
+    Licences for 100,000 tonnes of the barley were awarded to
+French trade houses, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18636" NEWID="2218">
+<DATE> 5-MAR-1987 12:03:31.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0808&#31;reute
+d f BC-ERICSSON'S-U.S.-UNIT   03-05 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERICSSON'S U.S. UNIT WINS 1.4 MLN DLR CONTRACT</TITLE>
+<DATELINE>    RICHARDSON, Texas, March 5 - </DATELINE><BODY>Ericsson Corp, the U.S. unit
+of &lt;LM Ericsson Telephone Co> of Sweden, said it won a 1.4 mln
+dlr contract from California's Somona State University for
+computer communications equipment.
+    The contract includes Ericsson's MD110 digital private
+branch exchange and a local area network, supplying voice
+services to 1500 campus computer users and greater computer
+access, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18637" NEWID="2219">
+<DATE> 5-MAR-1987 12:04:22.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0811&#31;reute
+r f BC-UNITEL-VIDEO   03-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLDER PROPOSES UNITEL &lt;UNV> SALE OR LIQUIDATION</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Michael Landes, a major stockholder
+in Unitel Video Inc, said he has asked the company to consider
+liquidating, or selling some or all of its assets.
+    "Mr. Landes has requested the company to implement a
+program to maximize shareholder values, which might include a
+sale of all or part of the company or a liquidation," he said
+in a filing with the Securities and Exchange Commission.
+    Landes and another Unitel Video investor, Albert Schwatz,
+have formed a shareholder group and together hold 329,225
+common shares, or 15.2 pct of the total outstanding common
+stock.
+    Landes and Schwartz had reached an agreement in principle
+with the New York video tape service company on a 12.50 dlr a
+share takeover proposal last September, but subsequent merger
+talks broke down in October.
+    The investors told the SEC they are continuing to review
+their positions company and may acquire more shares or sell
+some or all of their current stake.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18638" NEWID="2220">
+<DATE> 5-MAR-1987 12:04:32.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0812&#31;reute
+f f BC-******HUGES-TOOL-COMP   03-05 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HUGES TOOL COMPANY SAYS BAKER INTERNATIONAL MERGER PLAN NOT TERMINATED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18639" NEWID="2221">
+<DATE> 5-MAR-1987 12:07:02.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0829&#31;reute
+u f BC-ROYAL-DUTCH/SHELL-GRO   03-05 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL DUTCH/SHELL GROUP OF COS 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 5 -
+    </DATELINE><BODY>Shr Royal Dutch Petroleum Co &lt;RD> 2.30 dlrs vs 2.90 dlrs
+    Final Royal Dutch dividend of 8.30 guilders for total 12.80
+guilders vs 12.80 guilders for 1985
+    Shr Shell Transport and Trading Co PLC &lt;SC> 1.38 dlrs vs
+1.65 dlrs
+    Final Shell Transport dividend 118.0 pence for total of
+172.0 pence vs 140.0 pence for 1985
+    Group Net 1.07 billion vs 1.24 billion
+    Group Sales 20.42 billion vs 25.84 billion
+    Year
+    Shr Royal Dutch 8.65 dlrs vs 9.11 dlrs
+    Net Shell Transport 4.78 dlrs vs 5.16 dlrs
+    Group Net 3.71 billion vs 3.88 billion
+    Group Sales 81.40 billion vs 94.57 billion
+    NOTES: Group is 60 pct owned by Royal Dutch and 40 pct by
+Shell Transport
+    Dollar amount of Royal Dutch dividend will depend on
+guilder/dollar exchange rate on May 14. Final dividend is
+payable June 16 to holders of record May 26
+    Shell Transport dividend and per share results based on New
+York shares, which are equal to four ordinary shares. Dollar
+final dividend will be determined by sterling/dollar exchange
+rate May 18. At current rate, with tax credits, is equal to
+2.59 dlrs. Final dividend is payable May 28 to holders of
+record April 10
+    Fourth quarter U.S. dollar figures for group translated
+from sterling at average rate of exchange for the quarter which
+was 1.43 dlrs per pound in 1986 and 1.44 dlrs in 1985. Full
+year U.S. dollar figures are sum of sterling translations to
+U.S. dollars for first, second, third and fourth quarters
+    Net includes FIFO inventory gain 217 mln dlrs vs loss 80
+mln dlrs in quarter and loss 1.23 billion dlrs vs loss 178 mln
+dlrs in year. If LIFO accounting had been used, company said,
+Royal Dutch per share net would have been 1.78 dlrs vs 3.17
+dlrs in quarter and 11.60 dlrs vs 9.53 dlrs in year, Shell
+Transport per share net would have been 1.10 dlrs vs 1.81 dlrs
+in quarter and 6.36 dlrs vs 5.40 dlrs in year
+    Net includes restructuring credit 114 mln dlrs vs charge 72
+mln dlrs in quarter and credit 67 mln dlrs vs charge 467 mln
+    Per share impact of restructuring on Royal Dutch was credit
+27 cts vs charge 17 cts in quarter and credit 16 cts vs charge
+1.10 dlrs in year, on Shell Transport was credit 15 cts vs
+charge 10 cts in quarter and credit nine cts vs charge 62 cts
+in year
+    Net also includes currency exchange losses of 20 mln dlrs
+vs 69 mln dlrs in quarter and 170 mln dlrs vs 401 mln dlrs in
+year. Exchange losses had per share impact on Royal Dutch of 14
+cts vs 31 cts in quarter and 96 cts vs 1.26 dlrs in year and on
+Shell Transport of eight cts vs 17 cts in quarter and 51 cts vs
+71 cts in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18640" NEWID="2222">
+<DATE> 5-MAR-1987 12:07:47.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0836&#31;reute
+u f BC-SPEAKER-SEES-ACTION-O   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE SPEAKER SEES ACTION ON FSLIC FUNDING</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>House Speaker Jim Wright said he
+expects the House Banking Committee to approve legislation in
+"a week or so" for an infusion of funding for the cash-short
+Federal Savings and Loan Insurance Corporation (FSLIC).
+    The agency, which insures depositors in thrift institutions
+against losses, only has about 1.9 billion dlrs left, House
+Banking Committee officials said.
+    The administration wants legislation for a long term 15
+billion dlr replenishment, but Wright is pushing for an
+emergency, short-term five billion funding effort.
+    Wright made his prediction in a talk with reporters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18641" NEWID="2223">
+<DATE> 5-MAR-1987 12:09:41.04</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0853&#31;reute
+u f BC-WORLD-GRAIN-TRADE-REC   03-05 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD GRAIN TRADE RECOVERY MAY BE UNDERWAY</TITLE>
+<DATELINE>    MINNEAPOLIS, March 5 - </DATELINE><BODY>World grain trade could be turning
+the corner and heading toward recovery in the 1986-87 season, a
+Cargill, Inc. analyst said.
+    Writing in the March issue of the Cargill Bulletin, David
+Rogers of Cargill's Commodity Marketing Division cited a
+gradual rise in world wheat trade in recent months, with a slow
+rise in wheat prices after recent historic lows.
+    He said the wheat trade, because wheat can be produced in
+many nations, is a good barometer of world grain trade and
+could lead to more activity in other grain markets.
+    Rogers said that with world grain prices at their lowest
+level in over a quarter of a century in real terms, demand has
+begun to rise while producing nations are re-examining their
+expensive price-support policies and reducing planted acres.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18642" NEWID="2224">
+<DATE> 5-MAR-1987 12:10:45.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0860&#31;reute
+r f BC-PUROLATOR   03-05 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRM BOOSTS PUROLATOR &lt;PCC> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Halcyon Investments, a New York
+investment partnership that deals mainly in risk arbitrage and
+stock trading, said it raised its Purolator Courier Corp stake
+to 726,700 shares, or 9.5 pct, from 474,900, or 6.2 pct.
+    In a filing with the Securities and Exchange Commission,
+Halcyon, whose managing partner is Alan B. Slifka and Co, said
+it bought 201,800 Purolator common shares between Feb 3 and
+March 2 at prices ranging from 28.689 to 34.811 dlrs each.
+    Halcyon, which said it has spent 20.1 mln dlrs for its
+Purolator common shares, said it also acquired options on Feb
+27 giving it the right to buy 50,000 shares for 1.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18643" NEWID="2225">
+<DATE> 5-MAR-1987 12:10:51.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0861&#31;reute
+r f BC-AETNA-&lt;AET>-TO-SELL-C   03-05 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AETNA &lt;AET> TO SELL CANADIAN OPERATIONS</TITLE>
+<DATELINE>    HARTFORD, Conn., March 5 - </DATELINE><BODY>Aetna Life and Casualty Co said
+its Aetna Life and Casualty of Canada Ltd subsidiary has agreed
+in prnciple to sell its casualty-property subsidiary, Aetna
+Casualty Co of Canada to &lt;Laurentian Group> of Montreal for
+undisclosed terms.
+    The company said the agreement is subject to Canadian
+government approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18644" NEWID="2226">
+<DATE> 5-MAR-1987 12:12:50.54</DATE>
+<TOPICS><D>livestock</D><D>hog</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0873&#31;reute
+d f BC-NPPC-DELEGATES-APPROV   03-05 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NPPC DELEGATES APPROVE DISEASE AND DRUG PROGRAMS</TITLE>
+<DATELINE>    Chicago, March 5 - </DATELINE><BODY>Delegates from the National Pork
+Producers Council, NPPC, yesterday approved programs for
+control and eradication of pseudorabies and establishment of a
+national safe drug use program.
+    The delegate body, attending the American Pork Congress in
+Indianapolis, approved a pseudorabies control and eradication
+program at the state level after a recommendation from NPPC's
+PRV (pseudorabies virus) oversight committee.
+    The PRV committee received results of a three year, five
+state pilot project which had a 97.5 pct success rate in
+eradication of the disease within 116 hog herds. The project
+was jointly funded by the USDA and NPPC.
+    "Primarily it (the program) allows individual states to
+deal with their own problems according to a timetable that
+suits them best," Mike Wehler, member of the NPPC's PRV
+oversight committee said.
+    In regards to safe drug use, the delegates approved a plan
+asking that NPPC be active in establishing a national safe drug
+use program.
+    The program would establish better relationships between
+producers and veterinarians and eventually lead to a quality
+assurance program in pork production, according to the plan.
+    "This program basically communicates to the FDA that we are
+concerned about safe drug use and will do our part to use drugs
+safely, if FDA will allow the same policy to continue in
+effect," Wehler said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18645" NEWID="2227">
+<DATE> 5-MAR-1987 12:13:58.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0880&#31;reute
+d f BC-SOUTHERN-MINERAL-CORP   03-05 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN MINERAL CORP &lt;SMIN> 4TH QTR LOSS</TITLE>
+<DATELINE>    CHICAGO, March 5 -
+    </DATELINE><BODY>Shr loss two cts vs profit three cts
+    Net loss 77,400 vs profit 134,000
+    Revs 418,500 vs 435,900
+    Year
+    Shr profit eight cts vs profit 27 cts
+    Net profit 315,100 vs profit 1,082,700
+    Revs 1,761,900 vs 2,511,200
+    NOTE: Per-share figures adjusted for four-for-three stock
+distribution effective Dec 14, 1984
+    1985 results include an extraordinary tax benefit of 55,000
+dlrs, or one ct a share in each period
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18646" NEWID="2228">
+<DATE> 5-MAR-1987 12:14:29.54</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0883&#31;reute
+r f BC-BANK-OF-ENGLAND-RESIS   03-05 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND RESISTS PRESSURE FOR RATE CUT</TITLE>
+<AUTHOR>    By Rowena Whelan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The Bank of England again fought against
+money and bond market pressure for a pre-Budget interest rate
+cut, leaving the pound to take the strain with a further rise
+in its trade-weighted index to a six-month high.
+    It closed at its best level since September 12, at 71.4 pct
+of its 1975 value on the index, as foreign investors continued
+to buy into a currency which offers high relative returns and
+the possibility of short-term capital gains, dealers said.
+    Meanwhile, opinion is divided over whether the Bank can
+stop a cut before Budget Day, March 17, and why it should want
+to.
+    The Bank's latest strong signal to the market that it wants
+rates to stay steady for the moment came in midafternoon, when
+it lent to the discount houses at a penal rate of 11-3/4 pct to
+relieve a money market shortage.
+    "They're really making the discount houses suffer," said
+Stephen Lewis, economist at brokerage house Phillips and Drew.
+"Eleven and three-quarters pct is way above money market rates."
+    This money market signal was apparently not accompanied by
+any sterling sales on the foreign exchanges, talk of which had
+inhibited strong rises yesterday and Tuesday, so buyers came
+strongly into the pound.
+    The pound surged to a high of 1.5798/808 dlrs at the London
+close, up from the previous finish at 1.5650/60, and 2.8900/60
+marks, up from 2.8720/50.
+    "If this pressure keeps up...There is a possibility that
+rates could drop before the Budget," said Jeremy Hale, economist
+at finance house Goldman Sachs International Corp.
+    Some gilt traders are forecasting a half-point cut in the
+base rate from the current 11 pct as early as tomorrow.
+    However, analysts said the Bank of England will need to be
+convinced that the present rise is a fundamental re-rating
+rather than a result of short-term speculative gains.
+    There are valid reasons for the Bank to be cautious, said
+Peter Fellner, U.K. Economist at brokers James Capel and Co.
+    Markets have become highly optimistic about the chances of
+a Conservative Party victory in any early general election, and
+disappointment if Prime Minister Margaret Thatcher decides to
+hold back could lead to a decline in the pound and a setback
+for bonds, Fellner said.
+    An election could be delayed until mid-1988, but most
+forecasts say it will be this year.
+    Others note that the pound could yet prove vulnerable to
+oil price losses or a change of fortune for the dollar.
+    However, analysts agree the Bank is largely trying to set
+the timing of a cut than holding out against one altogether.
+    The authorities traditionally prefer a single sustainable
+rate move, one way or the other, to half points here and there.
+    Some add the Bank will be influenced by signs that at least
+a proportion of the latest bout of sterling buying is long-term
+capital coming into the London market, notably from Japan.
+    They argue that the pound is being perceived as a safer bet
+than the dollar, given the latters recent sharp falls and
+current political upheavals in Washington.
+    The Bank may want to see another few points on the
+trade-weighted index before the Budget, argued Lewis. "But by
+then sterling should be firm enough to satisfy even the Bank of
+England," he added.
+    The Bank declined to comment on its reasons for resisting
+pressure for a rate move before the budget, but banking sources
+said the authorities see the recent rise in sterling as more
+than just marking up by foreign exchange traders.
+    Meanwhile, analysts noted the market ignored potentially
+harmful news on the trade front, today's figures showing that
+the current account deficit in 1986 was 1.1 billion stg.
+    This was above previous estimates of the current account
+deficit and compares with a surplus of 2.9 billion stg in 1985.
+    Fellner said that under more normal conditions this would
+have given the bond and currency markets a pause, but that they
+were too bullish to worry about such fundamentals.
+    The guessing game over the timing of a cut has the clearing
+banks divided as well as the markets. Privately, some bank
+officials forecast the Bank will hold out at least for this
+week, but at least one bank says a rise is possible tomorrow.
+If a move comes before March 17, forecasts are for a half-point
+cut, with another half or full point about Budget day.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18647" NEWID="2229">
+<DATE> 5-MAR-1987 12:14:39.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0884&#31;reute
+h f BC-BALDRIGE-SAYS-U.S.-MA   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE SAYS U.S. MAY RETALIATE ON KANSAI</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+said he may recommend that the United States retaliate against
+Japan if the Japanese do not permit U.S. construction firms to
+participate in building the eight billion dlr Kansai airport.
+    But he said he had a personal commitment from Japanese
+Prime Minister Yasuhiro Nakasone that U.S. firms would have a
+chance at the work.
+    "I think he will honor that commitment," Baldrige told the
+Senate Appropriations subcommittee on commerce affairs."
+    He said one form of retaliation could be to curb Japanese
+firms' two billion dlr construction work in the United States.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18648" NEWID="2230">
+<DATE> 5-MAR-1987 12:17:11.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0892&#31;reute
+u f BC-ENGELHARD-CORP-&lt;EC>-S   03-05 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENGELHARD CORP &lt;EC> SETS STOCK SPLIT</TITLE>
+<DATELINE>    EDISON, N.J., March 5 - </DATELINE><BODY>Engelhard Corp said its board
+declared a three-for-two stock split and raised the quarterly
+dividend to 19-1/2 cts per share presplit from 19 cts, both
+payable March 31 to holders of record March 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18649" NEWID="2231">
+<DATE> 5-MAR-1987 12:17:57.56</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0896&#31;reute
+u f BC-EGYPTIAN-1986-CRUDE-O   03-05 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPTIAN 1986 CRUDE OIL OUTPUT DOWN ON 1985</TITLE>
+<DATELINE>    CAIRO, March 5 - </DATELINE><BODY>Non-Opec Egypt produced 40.3 mln tonnes
+(about 295 mln barrels) of crude in 1986 against 44.3 mln
+tonnes (about 323 mln barrels) in 1985, according to official
+figures released today by the Egyptian General Petroleum Corp.
+(EGPC).
+    Officials say Egypt can produce up to one mln bpd per day,
+but production was cut when world prices plunged last year.
+    In an attempt to help OPEC stabilize the world market,
+Egypt cut its 1987 production target of 940,000 bpd to its
+current output of 870,000 bpd.
+    Egypt, which exports a third of its output, currently sells
+its top Suez and Ras Bahar blends for 17.25 dlrs a barrel.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18650" NEWID="2232">
+<DATE> 5-MAR-1987 12:19:25.98</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>uk</D><D>ireland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0905&#31;reute
+u f BC-TRADERS-DETAIL-IRISH   03-05 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADERS DETAIL IRISH INTERVENTION BARLEY TENDER</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The European Commission authorised the
+export of 33,500 tonnes of Irish intervention barley at today's
+tender for non-European Community destinations at 53.10 Ecus
+per tonne, grain traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18651" NEWID="2233">
+<DATE> 5-MAR-1987 12:20:35.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0911&#31;reute
+r f BC-MERRILL-LYNCH-&lt;MER>-P   03-05 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH &lt;MER> PARTNERSHIP FULLY SUBSCRIBED</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Merrill Lynch, Pierce, Fenner and Smith
+Inc said it has fully subscribed the 120 mln dlrs in
+partnership interests it offered in the ML Venture Partners II,
+LP.
+    The firm said ML Venture Partners II will make equity
+investments in new and developing privately held companies in
+high technology industries, or young privately held companies
+offering innovative services or advanced manufacturing
+processes.
+    Merrill Lynch said the partnership will make another cash
+distribution of 364 dlrs per 5000 dlrs invested this month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18652" NEWID="2234">
+<DATE> 5-MAR-1987 12:20:44.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0912&#31;reute
+d f BC-H-AND-H-OIL-TOOL-CO-&lt;   03-05 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H AND H OIL TOOL CO &lt;HHOT> 4TH QTR LOSS</TITLE>
+<DATELINE>    SANTA PAULA, Calif., March 5 -
+    </DATELINE><BODY>Shr loss six cts vs profit two cts
+    Net loss 196,000 vs profit 71,000
+    Revs 2,512,000 vs 5,776,000
+    Year
+    Shr loss 1.09 dlrs vs loss 18 cts
+    Net loss 3,509,000 vs loss 587,000
+    Revs 12.0 mln vs 21.0 mln
+    Note: 1986 year includes special charge of 1,600,000 dlrs,
+or 50 cts per shr on write-down of rental equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18653" NEWID="2235">
+<DATE> 5-MAR-1987 12:20:54.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0913&#31;reute
+u f BC-CHRYSLER-&lt;C>-OVERSEAS   03-05 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> OVERSEAS UNIT REDEEMING DEBENTURES</TITLE>
+<DATELINE>    DETROIT, March 5 - </DATELINE><BODY>Chrysler Overseas Capital Corp said it
+authorized redemption on April 17 of its 4-3/4 pct and five pct
+convertible debentures due 1988.
+    The Chrysler Corp unit said the move is prompted by the
+parent company's three-for-two stock split, which requires a
+recalculation of the debentures' conversion prices that will
+adversely affect those prices by at least five pct.
+    Chrysler said holders converting debentures before the
+stock split becomes effective March 23 will receive a greater
+number of shares on a post-split basis than if they convert
+afterwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18654" NEWID="2236">
+<DATE> 5-MAR-1987 12:20:58.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0914&#31;reute
+d f BC-CB-AND-T-FINANCIAL-CO   03-05 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CB AND T FINANCIAL CORP &lt;CBTF> YEAR NET</TITLE>
+<DATELINE>    FAIRMONT, W.Va., March 5 -
+    </DATELINE><BODY>Shr 2.10 dlrs vs 1.72 dlrs
+    Shr diluted 1.98 dlrs vs 1.72 dlrs
+    Net 2,228,000 vs 1,730,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18655" NEWID="2237">
+<DATE> 5-MAR-1987 12:21:04.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0915&#31;reute
+d f BC-AMOSKEAG-BANK-&lt;AMKG>   03-05 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOSKEAG BANK &lt;AMKG> TO ACQUIRE ENTREPO</TITLE>
+<DATELINE>    MANCHESTER, N.H., March 5 - </DATELINE><BODY>Amoskeag Bank said it signed an
+agreement to acquire &lt;Entrepo Financial Resources Inc>, a
+Philadelphia-based company which leases and remarkets high
+technology equipment.
+    Terms of the acquisition were not disclosed.
+    It said Entrepo has assets of 20 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18656" NEWID="2238">
+<DATE> 5-MAR-1987 12:21:09.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0916&#31;reute
+s f BC-WASHINGTON-NATIONAL-C   03-05 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON NATIONAL CORP &lt;WNT> VOTES DIVIDEND</TITLE>
+<DATELINE>    EVANSTON, ILL., March 5-
+    </DATELINE><BODY>Qtly div 27 cts vs 27 cts prior qtr
+    Pay 1 April
+    Record 16 March
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18657" NEWID="2239">
+<DATE> 5-MAR-1987 12:23:17.60</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0927&#31;reute
+u f BC-KAINES-SELLS-JORDAN-T   03-05 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAINES SELLS JORDAN TWO CARGOES OF WHITE SUGAR</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Trade house Kaines said it sold Jordan
+two cargoes of white sugar at its buying tender today.
+    The sale comprised two 12,000 to 14,000 tonne cargoes (plus
+or minus 10 pct) for Mar/Apr shipment, a Kaines trader said.
+    Traders said the business was done at 235.5 dlrs a tonne
+cost and freight.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18658" NEWID="2240">
+<DATE> 5-MAR-1987 12:23:36.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0930&#31;reute
+h f BC-COMMUNITY-BANK-SYSTEM   03-05 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNITY BANK SYSTEM &lt;CBSI> BUYS NICHOLS BANK</TITLE>
+<DATELINE>    SYRACUSE, N.Y., March 5 - </DATELINE><BODY>Community Bank Systems Inc and
+the &lt;Nichols National Bank> said they have signed a definitive
+agreement for Nichols to become a member of the CBSI Group of
+banks for an exchange of stock worth 2.8 mln dlrs.
+    CBSI said it expects to complete the deal, pending Nichols'
+shareholder and regulatory approval, later this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18659" NEWID="2241">
+<DATE> 5-MAR-1987 12:24:56.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0933&#31;reute
+d f BC-ELI-LILLY-&lt;LLY>-SUES   03-05 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELI LILLY &lt;LLY> SUES INT'L PHARMACEUTICAL &lt;IPPI></TITLE>
+<DATELINE>    WALNUT, Calif., March 5 - </DATELINE><BODY>International Pharmaceutical
+Products Inc said Eli Lilly and Co has filed a patent
+infringement suit against it for marketing Vincristine Sulfate
+for injection.
+    International Pharmaceutical said it believes that becaue
+of differences in formulation, it is not infringing on Eli
+Lilly's patent.
+    Vincristine Sulfate is a chemotherapeutic product used to
+treat cancer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18660" NEWID="2242">
+<DATE> 5-MAR-1987 12:26:42.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>poland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0939&#31;reute
+r f BC-POLISH-TRADE-OFFICIAL   03-05 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLISH TRADE OFFICIAL CALLS FOR FREER MARKET</TITLE>
+<AUTHOR>    By Irena Czekierska</AUTHOR>
+<DATELINE>    WARSAW, March 5 - </DATELINE><BODY>Deputy Foreign Trade Minister Janusz
+Kaczurba told Reuters that Poland would have to diverge from
+traditional Communist bloc centrally-planned economic policies
+if it wanted to bring about economic renewal and compete in
+world markets.
+    Stressing his commitment to a series of reforms recently
+introduced to streamline the economy and boost export-oriented
+industry, he also called for an expansion in the role of the
+private sector.
+    Asked whether the policies the government was advocating
+did not represent a departure from the strictly controlled
+economic model within the Soviet bloc, he said in an interview
+with Reuters "I don't see any alternative but to try to proceed
+along the lines of economic reasoning."
+    He referred specifically to bankruptcies, which he said
+would be "the logical outcome of a more stringent economic
+policy," once the state stopped propping up enterprises to
+guarantee jobs, regardless of how inefficient they were.
+    He added, "We should follow the policy of creating a system
+whereby managers will be really responsible for the overall
+economic effect of enterprises. This can be done in one way
+only, through the reduction of subsidies."
+    But he also noted the need to curtail bureaucracy of branch
+ministries, allow domestic prices to reflect the world market,
+make foreign exchange rates more realistic, provide incentives
+to export-oriented industry and encourage private business.
+    Kaczurba was talking to Reuters about the effect on the
+economy of U.S. Sanctions imposed in 1982 in response to the
+suppression of the Solidarity trade union under martial law.
+    He acknowledged that Poland's economic decline would add to
+its problems in trying to regain markets and support from
+Western creditors even after Washington lifted remaining
+restrictions and restored Most Favoured Nation trading status
+last month.
+     Western officials say Polish goods have to be more
+competitive and of better quality in the face of trade wars and
+protectionism amongst U.S., Japanese and European competitors.
+    Reaffirming the government's view that the key to solving
+some of those problems and meeting payments on a 33.5 billion
+dlr foreign debt lay in increasing hard currency exports,
+Kaczura said private enterprise could play a greater role.
+    "I think we could have some 20,000 small private enterprises
+active in export-oriented business if such operators are
+successfully convinced that the policy towards the (private)
+sector is stabilised," he said.
+    Poland already has a more developed private sector than
+most other East European countries.
+    Among economic reforms already under way, Kaczurba listed
+easier access to hard currency profits, tax incentives, access
+to investment credits and two devaluations of the zloty to
+increase competitivity of prices.
+    He said such policies had been welcomed by the World Bank
+and International Monetary Fund, through which Poland is hoping
+to gain new credits, but Poles were caught in a "vicious circle."
+    Creditors wanted proof that the policies were directed
+towards improving exports, but in order to fulfil their
+expectations Poland first needed fresh inputs, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18661" NEWID="2243">
+<DATE> 5-MAR-1987 12:27:25.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0944&#31;reute
+u f BC-TAIHEI-KOGYO-ISSUES-4   03-05 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIHEI KOGYO ISSUES 40 MLN SFR FIVE YEAR NOTES</TITLE>
+<DATELINE>    ZURICH, March 5 - </DATELINE><BODY>Taihei Kogyo Co Ltd is launching 40 mln
+Swiss francs of five year notes with a 4-3/4 pct coupon and
+100-1/4 issue price, lead manager Swiss Bank Corp said.
+    Payment is due March 18.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18662" NEWID="2244">
+<DATE> 5-MAR-1987 12:27:31.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0945&#31;reute
+f f BC-******EASTMAN-KODAK-A   03-05 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EASTMAN KODAK ACQUIRES 18.7 PCT INTEREST IN ENZON INC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18663" NEWID="2245">
+<DATE> 5-MAR-1987 12:29:33.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0952&#31;reute
+u f BC-EURATOM-ISSUES-50-MLN   03-05 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EURATOM ISSUES 50 MLN ECU BOND</TITLE>
+<DATELINE>    LUXEMBOURG, March 5 - </DATELINE><BODY>Euratom, the European Atomic Energy
+Community, is issuing a 50 mln Ecu, six-year bond with a coupon
+of 7-1/2 pct and priced at 101-1/2, lead manager Banque
+Generale du Luxembourg SA said.
+    The bond features a sinking fund from 1989 which will
+retire 10 mln Ecus worth each year thereafter, giving the issue
+an average life of four years.
+    Payment date is April 8 and the issue matures on the same
+date in 1993. The bond will be denominated in lots of 1,000
+Ecus and will be listed in Luxembourg.
+    Fees total 1-7/8 pct, with 1-1/4 pct for selling and 5/8
+for management and underwriting, including a praecipuum of 1/8
+pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18664" NEWID="2246">
+<DATE> 5-MAR-1987 12:32:33.32</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>iraq</D><D>iran</D><D>uk</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0965&#31;reute
+u f BC-TURKEY-SEEKING-100,00   03-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY SEEKING 100,000 TONNES SUGAR - TRADE</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Turkey is holding a buying tender for
+100,000 tonnes of white sugar on March 24, traders here said.
+    The sugar is being sought for early arrival and will
+probably be met with April/May shipment sugar, they added.
+    Earlier today newspapers in Turkey carried an advertisement
+from Turkish Sugar Factories inviting offers of 100,000 tonnes
+of crystal sugar with a 50 pct option to increase or decrease
+the amount.
+    Over the 1983/85 period Turkey each year has exported
+between 240,000 and 350,000 tonnes of whites to Iran and
+between 62,000 and 230,000 tonnes to Iraq.
+    Following lower sugar crops in the past two years analysts
+said Turkey needs to import sugar now if it is to continue
+filling these export contracts, and may need to buy more.
+    Last month London broker C Czarnikow estimated Turkish
+1986/87 production at 1.42 mln tonnes raw value against 1.4 mln
+in 1985/86 and an average 1.76 mln in the previous three
+seasons.
+    The semi-official Anatolian Agency recently quoted Turkish
+Minister of Industry and Trade Cahit Aral as saying Turkey
+would export 100,000 tonnes of sugar this year and import the
+same amount.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18665" NEWID="2247">
+<DATE> 5-MAR-1987 12:36:24.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0989&#31;reute
+r f BC-SHAD-FAVORS-SHORTENIN   03-05 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAD FAVORS SHORTENING DISCLOSURE PERIOD</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Securities and Exchange Commission
+Chairman John Shad said the SEC favors shortening the current
+10-day period for disclosing takeover attempts but opposes
+putting restrictions on the use of so-called junk bonds.
+    "We favor shortening the disclosure period to two days,"
+Shad told members of the House Telecommunications and Finance
+subcommittee when asked for his recommendation.
+    He said the SEC's responsibility was to provide full
+disclosure for securities, including junk bonds, and not to
+make decisions based on merit. He said junk bonds had some
+value because of their liquidity.
+    Shad said he opposes proposals to require those attempting
+takeovers to file a statement on the impact the takeover would
+have on the communities involved.
+    "We've opposed it in the past. It goes far beyond investor
+protection," Shad said.
+    He said he had no comment on a proposal by House Speaker
+Jim Wright, D- Texas, to tax securities transactions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18666" NEWID="2248">
+<DATE> 5-MAR-1987 12:36:56.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0993&#31;reute
+r f BC-ALCAN-&lt;AL>-UNIT-BEGIN   03-05 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN &lt;AL> UNIT BEGINS PREFERRED SHARE OFFER</TITLE>
+<DATELINE>    MONTREAL, March 5 - </DATELINE><BODY>Aluminum Co of Canada Ltd, a unit of
+Alcan Aluminium Ltd, said it began an offer of 400,000 shares
+of a new series of preferred stock after its board approved the
+final prospectus.
+    The offering, which is being made in Canada, is for 400,000
+shares of cumulative redeemable retractable preference shares
+at 25 dlrs apiece.
+    The quarterly dividend on the stock, to be known as series
+F, will be 50 cts Canadian, equal to eight pct a year, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18667" NEWID="2249">
+<DATE> 5-MAR-1987 12:37:09.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0996&#31;reute
+r f BC-pegasus-gold-inc   03-05 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - PEGASUS GOLD INC&lt;PGULF> 4TH QTR NET</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 5 -
+    </DATELINE><BODY>Shr profit 20 cts vs loss two cts
+    Net profit 2,665,000 vs loss 202,000
+    Revs 12,141,000 vs 5,993,000
+    Year
+    Shr profit 35 cts vs loss 11 cts
+    Net profit 4,653,000 vs loss 1,167,000
+    Revs 35.1 mln vs 18.0 mln
+    NOTE: company corrects reporting period to 4th qtr and year
+from 3rd qtr and nine mths
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18668" NEWID="2250">
+<DATE> 5-MAR-1987 12:37:15.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0997&#31;reute
+r f BC-MFS-MULTIMARKET-&lt;MMT>   03-05 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MFS MULTIMARKET &lt;MMT> INITIAL OFFERING UNDERWAY</TITLE>
+<DATELINE>    RICHMOND, Va., March 5 - </DATELINE><BODY>Lead underwriters Wheat, First
+Securities Inc and E.F. Hutton Group Inc &lt;EFH> said an initial
+public offering of 110 mln shares of beneficial interest of MFS
+Multimarket Income Trust is under way at 10 dlrs per share.
+    The trust has granted underwriters an option to buy up to
+16.5 mln more shares to cover overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18676" NEWID="2251">
+<DATE> 5-MAR-1987 12:38:13.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0000&#31;reute
+b f BC-HUGHES-TOOL-&lt;HT>-SAYS   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES TOOL &lt;HT> SAYS BAKER &lt;BKO> MERGER ALIVE</TITLE>
+<DATELINE>    HOUSTON, March 5 - </DATELINE><BODY>Hughes Tool Co Chairman W.A. Kistler
+said its counter proposal to merge with Baker International
+Corp was still under consideration and that a merger was in the
+best interests of both companies.
+    "Our hope is that we can come to a mutual agreement that is
+good for both companies," Kistler said of the proposed merger
+that would result in a 1.2 billion dlr oil field service
+company. "We're working very hard on this merger."
+    Hughes' board today again adjourned a shareholders meeting
+to vote on the proposed merger and rescheduled it for March 11
+to give Baker more time to consider the counter proposal.
+    The Hughes board, which had previously expressed concern
+about a U.S. Department of Justice consent decree that would
+require Baker to sell its drilling bit operations and
+submersible pump business, met yesterday and threatened to
+terminate the proposed merger.
+    The Hughes board made a counter proposal that the two
+companies first find acceptable buyers for the businesses
+before signing the decree.
+    The directors of Baker immediately after receiving the
+counter proposal filed a law suit in Texas in a Texas state
+court to force to Hughes to complete the merger.
+    "The uncertainty as to the price and conditions that might
+be imposed by the Department of Justice makes us very nervous
+about what the outcome might be," Kistler said, in explaining
+why Hughes had made the counter proposal.
+    "We need additional time to understand why Baker did not
+accept our proposal."
+    Kistler also said that the law suit filed by Baker "was not
+a factor" in the board's decision to keep its merger proposal
+on the table.
+    He declined to comment on the allegations in the lawsuit.
+    Kistler said Hughes would be willing to consider a
+compromise counter proposal, but declined to be more specific.
+    The Justice Department in January said it would block the
+Hughes and Baker merger on anti-trust grounds unless both
+companies agreed to sign a consent decree that would provide
+for the sale of the assets after the merger took place.
+    The Hughes board said it would not sign the decree because
+its was too "unreasonable." Hughes said that Baker should
+instead complete the sale of the disputed assets before the
+merger is finalized and given government approval.
+    Under the decree, if Baker is unable to find acceptable
+buyers within a specified period of time after the decree is
+approved, a federal trustee would become responsible for
+finding a buyer.
+    Kistler said that under those terms, the trustee could take
+up to 10 years to complete the sales.
+    He also expressed concern that the combined companies might
+be required by the government's conditions to license some of
+its technology to any purchaser of the assets.
+    Baker said last night in a statement that the required
+assets to be sold would reduce revenues by about 65 mln dlrs,
+representing about three pct of the revenues of the combined
+companies.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18669" NEWID="2252">
+<DATE> 5-MAR-1987 12:38:33.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0003&#31;reute
+d f BC-AEQUITRON-MEDICAL-INC   03-05 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEQUITRON MEDICAL INC &lt;AQTN> 3RD QTR LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 5 - </DATELINE><BODY>Period ended January 31
+    Shr loss five cts vs profit eight cts
+    Net loss 247,100 vs profit 345,300
+    Sales 4,529,300 vs 3,482,800
+    Nine mths
+    Shr profit six cts vs profit 18 cts
+    Net profit 261,300 vs profit 793,700
+    Sales 12.3 mln vs 9,957,200
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18670" NEWID="2253">
+<DATE> 5-MAR-1987 12:39:19.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0004&#31;reute
+u f BC-LOWE'S-COS-INC-&lt;LOW>   03-05 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWE'S COS INC &lt;LOW> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    NORTH WILKESBORO, N.C., March 5 -
+    </DATELINE><BODY>Shr 18 cts vs 31 cts
+    Net 7,168,000 vs 11.3 mln
+    Sales 497.4 mln vs 475.6 mln
+    Avg shrs 39.6 mln vs 37.1 mln
+    Year
+    Shr 1.34 dlrs vs 1.64 dlrs
+    Net 52.2 mln vs 59.7 mln
+    Sales 2.28 billion vs 2.07 billion
+    Avg shrs 39.0 mln vs 36.5 mln
+    NOTE: Current year net both periods includes charge
+2,885,000 dlrs or seven cts shr from early note retirement and
+charge seven cts shr from reversal of tax credits.
+    Current year net both periods includes gain six cts shr
+from plywood manufacturers litigation settlement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18671" NEWID="2254">
+<DATE> 5-MAR-1987 12:39:40.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0006&#31;reute
+r f BC-SHOE-TOWN-&lt;SHU>-FEBRU   03-05 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHOE-TOWN &lt;SHU> FEBRUARY SALES UP 21.8 PCT</TITLE>
+<DATELINE>    TOTOWA, N.J., March 5 - </DATELINE><BODY>Shoe-Town Inc said &lt;shu> it had
+record February sales of 10,052,000 up 21.8 pct from 8,252,000
+dlrs in the year earlier months.
+    The company said sales for the eight weeks ended February
+28 were 19.5 mln dlrs up 19.9 pct 14.1 mln dlrs a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18672" NEWID="2255">
+<DATE> 5-MAR-1987 12:42:52.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0020&#31;reute
+r f BC-TEKELEC-&lt;TKLC>-SETS-P   03-05 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEKELEC &lt;TKLC> SETS PACT WITH BRITISH TELECOM</TITLE>
+<DATELINE>    CALABASAS, Calif., March 5 - </DATELINE><BODY>Tekelec said it signed a
+license agreement with British Telecommunications PLC &lt;BTY.L>
+to make and market a test instrument for digital microwave
+communications equipment.
+    Tekelec said the new product is expected to be priced at
+25,000 dlrs and to be shipped in the second half of 1987.
+    The 20-year, non-exclusive agreement grants Tekelec the
+right to manufacture and market the instrument in North America
+and Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18673" NEWID="2256">
+<DATE> 5-MAR-1987 12:43:01.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0021&#31;reute
+r f BC-SPANISH-METAL-WORKERS   03-05 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH METAL WORKERS REJECT 1987 WAGE OFFER</TITLE>
+<DATELINE>    MADRID, March 6 - </DATELINE><BODY>Spain's metal workers, the biggest
+organised labour force, broke off talks with employers over
+1987 wages, union sources said.
+    The main Socialist and Communist unions rejected an offer
+from the Confemetal employers' organization for a six pct wage
+rise, one point above the government inflation target for 1987.
+The metal working industry has 900,000 workers in 60,000
+factories.
+    The unions said they were considering a bid to resume talks
+next week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18674" NEWID="2257">
+<DATE> 5-MAR-1987 12:43:12.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D><D>belgium</D><D>luxembourg</D><D>east-germany</D><D>west-germany</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0022&#31;reute
+u f BC-FRANCE-TO-SELL-STAKE   03-05 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE TO SELL STAKE IN SOCIETE GENERALE UNIT</TITLE>
+<DATELINE>    STRASBOURG, France, March 5 - </DATELINE><BODY>The French government is to
+sell to the public its 47.42 pct direct holding in Societe
+Generale &lt;STGN.PA>'s regional bank subsidiary &lt;Societe Generale
+Alsacienne de Banque>, SOGENAL, from next Monday, SOGENAL
+officials said.
+    SOGENAL, founded in 1881 and nationalised in 1982, is the
+leading French regional bank and has branches in Austria,
+Belgium, Luxembourg, East and West Germany and Switzerland.
+    Chairman Rene Geronimus told a news conference the share
+offer price, expected to be announced tomorrow by Finance
+Minister Edouard Balladur, would be between 110 and 130 francs.
+    Societe Generale, which will itself be privatised later
+this year, will retain its 52.58 pct majority holding in the
+bank, Chairman Marc Vienot said.
+    SOGENAL officials said they forecast 1987 consolidated
+group profit of around 170 mln francs after an estimated 160
+mln this year and 159 mln in 1985.
+    SOGENAL's privatisation will be preceded by a capital
+increase to 320 mln francs from 263 mln, earning about 250 mln
+francs in new funds. Its shares will be divided by eight,
+giving a capital of 12.8 mln shares of 25 francs nominal.
+    The bank will be listed on the Nancy stock exchange, in
+line with the Finance Ministry and government's aim of a
+regional operation, Geronimus said.
+    He said he was hoping for shareholders to total around
+30,000 to 35,000 against the 12,500 before nationalisation. Ten
+pct of the capital to be floated will be reserved for employees
+with the rest offered to the public. There will not be a share
+reserved for foreign investors. "This is too small an operation
+and anyway they will be able to buy shares in France," he said.
+    Stockbroker sources said that a likely share offer price of
+120 francs would value SOGENAL at 1.5 billion francs.
+    Geronimus said the bank's future aim would be to reinforce
+its existing strong points, with no major projects planned
+apart from the opening soon of a Basle branch.
+    SOGENAL is the only French bank in Austria, it set up the
+first foreign exchange dealing room outside Paris at its
+Strasbourg headquarters in 1985, and is the only foreign
+banking subsidiary to be a broker on the Zurich Bourse.
+    The government's banking adviser for the operation was
+&lt;Banque Privee de Gestion Financiere>, BPGF, owned by French
+financier Pierre Moussa's &lt;Pallas> group, assisted by Britain's
+&lt;Hambros Bank Ltd>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18675" NEWID="2258">
+<DATE> 5-MAR-1987 12:44:01.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0027&#31;reute
+r f BC-TEXAS-AIR-CORP-&lt;TEX>   03-05 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR CORP &lt;TEX> UNIT FILES FOR DEBT OFFER</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Continental Airlines Inc, a unit of
+Texas Air Corp, said it filed a registration statement with the
+Securities and Exchange Commission for an offering of 350 mln
+dlrs of equipment certificates.
+    Continental plans to raise 125 mln dlrs through an issue of
+first priority secured equipment certificates due 1992, 125 mln
+dlrs through second priority certificates due 1995 and 100 mln
+dlrs via third priority certificates due 1999. Interest will be
+payable March 15 and September 15, starting September 1987.
+Lead manager will be Drexel Burnham Lambert Inc.
+    It also plans a filing of 100 mln dlrs of 10-year notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18677" NEWID="2259">
+<DATE> 5-MAR-1987 12:45:16.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-MIDLAND-&lt;MLA>-SETS-ST   03-05 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDLAND &lt;MLA> SETS STOCK SPLIT</TITLE>
+<DATELINE>    CINCINNATI, March 5 - </DATELINE><BODY>Midland Co said its board declared a
+two-for-one stock split, subject to approval of a doubling of
+authorized common shares at the annual meeting on April 9, and
+an increase in the quarterly dividend to 12 cts pre-split from
+10 cts.
+    The dividend is payable April 8, record March 17, and the
+split would be payable May 7, record April 23.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18678" NEWID="2260">
+<DATE> 5-MAR-1987 12:45:45.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0035&#31;reute
+r f BC-PRUDENTIAL-INSURANCE   03-05 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRUDENTIAL INSURANCE YEAR EARNINGS</TITLE>
+<DATELINE>    NEWARK, N.J., MARCH 5 - </DATELINE><BODY>The Prudential Insurance Company of
+America, a privately held company, said today that net income
+in 1986 rose to 2.8 billion dlrs from the 2.3 billion dlrs
+reported the year earlier.
+    Assets under management rose to 177.5 billion dlrs in 1986
+from 150.1 billion dlrs in 1985, while consolidated assets
+jumped to 134.5 billion dlrs from 115.7 billion dlrs.
+    Discussing its major subsidiaries, the company said that
+Prudential Capital and Investment Services Inc, the holding
+company for brokerage house Prudential-Bache Securities and
+certain other related subsidiaries, earned 142 million dlrs in
+1986. Of that, the securities operations of Prudential-Bache
+netted 81.7 mln dlrs after taxes and a charge of 25 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18679" NEWID="2261">
+<DATE> 5-MAR-1987 12:46:59.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0040&#31;reute
+u f BC-FIRST-INTERSTAE   03-05 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST INTERSTATE &lt;I> FILES FOR PREFERRED OFFER</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>First Interstate Bancorp, which last
+month withdrew its takeover proposal for BankAmerica Corp
+&lt;BAC>, filed with the Securities and Exchange Commission for an
+offering of 1,500 shares of auction preferred stock.
+    Proceeds from the sale will be used for general purposes,
+mainly to fund or make loans to its subsidiaries, it said.
+    Goldman, Sachs and Co will be lead underwriter, it said.
+    The company also said its loans to Brazil, which suspended
+interest payments on medium and long-term bank debt, were 504
+mln dlrs on Dec 31, while nonperforming Brazilian outstandings
+were 4.1 mln dlrs and interest receiveable was 5.0 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18680" NEWID="2262">
+<DATE> 5-MAR-1987 12:47:15.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0041&#31;reute
+b f BC-BP-CAPITAL-BV-PLANS-D   03-05 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP CAPITAL BV PLANS DUAL-CURRENCY BOND ISSUE</TITLE>
+<DATELINE>    AMSTERDAM, March 5 - </DATELINE><BODY>Amro Bank NV announced a 150 mln
+guilder seven-year dual-currency bond issue with a 6.5 pct
+coupon on behalf of BP Capital BV, guaranteed by British
+Petroleum Co Plc &lt;BP.L> subsidiary BP Maatschappij Nederland
+BV.
+    The par-priced public issue will be redeemed in full at
+487.80 dlrs per 1,000 guilder bond on April 15, 1994.
+    Amro said the bonds, the second dual-currency issue in the
+Dutch market in two weeks, is aimed at investors who expect the
+dollar to rise in the medium term.
+    Interest payments during the life of the loan are, however,
+not exposed to exchange rate fluctuations.
+    Early redemption will not be allowed.
+    Subscriptions on the loan close at 1400 gmt on March 13.
+Payment date is April 15.
+    The issue is underwritten by a management group led by
+Amro, Algemene Bank Nederland NV and Pierson, Heldring and
+Pierson NV.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18681" NEWID="2263">
+<DATE> 5-MAR-1987 12:47:19.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0042&#31;reute
+f f BC-******FED'S-JOHNSON-S   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS PRICE STABILITY CRITICAL FOR NON-INFLATIONARY EXPANSION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18682" NEWID="2264">
+<DATE> 5-MAR-1987 12:48:44.25</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>france</D><D>morocco</D><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0051&#31;reute
+u f BC-EC-OPENS-SPECIAL-REBA   03-05 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC OPENS SPECIAL REBATE FOR MAIZE - PARIS TRADE</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>The EC Commission decided to open a
+special daily export rebate today for maize exports to Morocco,
+Israel, Canary Islands and zone 5c (Sub-Saharan Africa), trade
+sources said here.
+    The rebate was set at 153 European currency units per tonne
+for March and 133 for April through July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18683" NEWID="2265">
+<DATE> 5-MAR-1987 12:48:51.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0052&#31;reute
+r f BC-AEQUITRON-&lt;AQTN>-SEES   03-05 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEQUITRON &lt;AQTN> SEES 4TH QTR CHARGE</TITLE>
+<DATELINE>    MINNEAPOLIS, March 5 - </DATELINE><BODY>Aequitron Medical Inc said costs
+related to its previously announced plan to consolidate Life
+Products operations in Boulder, Colo, are expected to total
+720,000 dlrs, or eight cts a share for the fourth quarter
+ending April 30.
+    It said the costs including moving expenses, severance pay
+and future lease payments.
+    The company said it will consolidate Life Products into the
+company's headquarters and manufacturing operations in
+Minneapolis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18684" NEWID="2266">
+<DATE> 5-MAR-1987 12:48:56.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0053&#31;reute
+r f BC-BIG-B-INC-&lt;BIGB>-4TH   03-05 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIG B INC &lt;BIGB> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., March 5 -
+    </DATELINE><BODY>Shr 23 cts vs 17 cts
+    Net 1,742,000 vs 1,1512,000
+    Sales 62.6 mln vs 53.6 mln
+    Avg shrs 7,854,000 vs 6,617,000
+    Year
+    Shr 61 cts vs 61 cts
+    Net 4,469,000 vs 4,039,000
+    Sales 209.8 mln vs 175.4 mln
+    Avg shrs 78,369,000 vs 6,610,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18685" NEWID="2267">
+<DATE> 5-MAR-1987 12:49:05.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>pakistan</D><D>afghanistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0054&#31;reute
+d f AM-AFGHAN-COMPLAINT   03-05 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN COMPLAINS ABOUT AFGHAN AIR RAIDS</TITLE>
+<DATELINE>    UNITED NATIONS, March 5 - </DATELINE><BODY>Pakistan complained to the United
+Nations today that planes from Afghanistan attacked Pakistani
+villages last Thursday and Friday, killing 90 people and
+wounding 230 others.
+    "These wanton and barbarous attacks are unprecedented in the
+scale of the casualties inflicted and damage caused," Pakistan's
+acting U.N. representative Aneesuddin Ahmed said in a letter to
+Secretary General Javier Perez de Cuellar.
+    Ahmed, who did not request any specific U.N. action, said
+the attacks took place immediately after the start of the
+current round of U.N.-sponsored talks on Afghanistan in Geneva
+and indicated that "the Kabul regime is deliberately aggravating
+tensions and vitiating the prospects of the talks."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18686" NEWID="2268">
+<DATE> 5-MAR-1987 12:49:35.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0055&#31;reute
+u f BC-JACOBS   03-05 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILSHIRE &lt;WOC> CHIEF NAMED TO JACOBS &lt;JEC> BOARD</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Wilshire Oil Co of Texas, which has a
+9.8 pct stake in Jacobs Engineering Group Inc, said its
+chairman, Siggi Wilzig, was appointed to the Jabobs board.
+    In a filing with the Securities and Exchange Commission,
+Wilshire, which holds 417,100 Jacobs common shares, said Wilzig
+was appointed to the Jacobs board of directors on March 3 after
+the company's annual shareholder meeting.
+    Wilshire also said that Jacobs Chairman Joseph Jacobs has
+agreed to recommend a second Wilshire nominee for election to
+the board if the person was found to be qualified.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18687" NEWID="2269">
+<DATE> 5-MAR-1987 12:49:46.69</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0056&#31;reute
+u f BC-/FEBRUARY-U.S.-RETAIL   03-05 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEBRUARY U.S. RETAIL SALES NOT SIGN OF UPTURN</TITLE>
+<AUTHOR>     BY SUSAN ZEIDLER, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>U.S. retailers posted stronger than
+expected sales in February, but not enough to prompt analysts
+to change their expectations of sluggish sales growth for the
+first half of 1987.
+     "My feeling is that it (February) borrowed some of the
+business we normally see later in the quarter and the real
+strength of general merchandise sales will be in the second
+half of 1987," said Bear Stearns and Co analyst Monroe
+Greenstein.
+    "I don't think March will be as strong because Easter falls
+in April this year," said Morgan Stanley analyst Walter Loeb.
+   Analysts generally average the sales results of March and
+April to account for the variation of Easter's occurrence.
+    Analyst Edward Johnson of Johnson Redbook Associates said
+sales for February rose between six and 6.5 pct, compared to a
+3.6 pct increase last year.
+     Analysts noted that February is considered a small,
+transitory month between winter and spring.
+    In addition, sales comparisons were boosted by an
+especially soft February last year which was adversely affected
+by severe weather.
+    Apparel sales outshone other product groups in sales,
+according to retailers and analysts.
+    "February's strong sales reflected a lot of fresh
+merchandise on the shelves and higher consumer income due to
+tax reductions," said Greenstein of Bear Stearns.
+    Analysts expect apparel sales to remain good as sales of
+durable and houseware items grow softer due to the continuing
+high levels of consumer debt.
+     May Department Stores Co &lt;MAY> and K Mart Corp &lt;KM> were
+among the strong performers, posting comparable store sales
+gains of 9.4 pct and 8.2 pct, respectively. May had an overall
+sales gain of 15.0 pct and K Mart had a 13.1 pct sales gain 
+last month.
+    "Favorable consumer response to our merchandise programs
+continued to positively impact our sales comparisons. IN
+addition to the strong contribution by K Mart stores, all our
+specialty retailing companies had excellent February sales,"
+said K Mart chairman Bernard Fauber.
+    Sears Roebuck and Co &lt;S> posted a 4.9 pct increase.
+"Domestic sales were led by better than average increases in
+apparel, home fashions and hardware and especially strong
+catalog sales," said Sears chairman Edward Brennan.
+    Analysts were a little disappointed by J.C. Penney Co Inc
+&lt;JCP> which started out with especially strong sales early in
+the month. Penney posted a 5.5 pct increase on a comparitive
+store basis and a 5.3 pct gain in overall sales.
+    Penney chairman William Howell said, "store sales were
+strongest during the early part of the month, while catalog
+demand was consistently strong throughout the period.
+    Store sales activity varied throughout the country, ranging
+from good in the East to weak in the depressed southwest.
+    Analysts also said gross profit margins were high as
+retailers were not overly promotional due to leaner inventories
+than a year ago.
+    "February is not a big month seasonally but these numbers
+suggest a fairly good trend for consumer spending," said Drexel
+Burnham Lambert analyst Jeff Edelman.
+    FEBRUARY SALES FOR MAJOR U.S. RETAILERS
+    STORE          PCT      1987       1986
+ SEARS             4.9      1.8 BILL   1.8 BILL
+ K MART            13.1     1.5 BILL   1.3 BILL
+ WAL-MART          44.0     885 MLN    615 MLN
+ JC PENNEY         5.3      780 MLN    741 MLN
+ FEDERATED         9.6      720 MLN    657 MLN
+ MAY               15.0     632 MLN    550 MLN
+ DAYTON HUDSON     19.5     602 MLN    504 MLN
+ ZAYRE             25.7     327 MLN    260 MLN
+ MONTGOMERY WARD   11.1     277 MLN    249 MLN
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18688" NEWID="2270">
+<DATE> 5-MAR-1987 12:50:14.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0057&#31;reute
+r f BC-QUARTZ-ENGINEERING-AN   03-05 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUARTZ ENGINEERING AND MATERIALS &lt;QRTZ> 1ST QTR</TITLE>
+<DATELINE>    TEMPE, Ariz., March 5 - </DATELINE><BODY>Qtr ended Dec 31
+    Shr nil vs nil
+    Net loss 59,922 vs loss 357,203
+    Revs 714,263 vs 926,964
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18689" NEWID="2271">
+<DATE> 5-MAR-1987 12:50:39.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0058&#31;reute
+b f BC-KODAK-&lt;EK>-BUYS-STAKE   03-05 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KODAK &lt;EK> BUYS STAKE IN ENZON &lt;ENZN></TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 5 - </DATELINE><BODY>Eastman Kodak Co said it has
+acquired an 18.7 pct equity interest in Enzon Inc, a
+pharmaceutical company specializing in protein therapy.
+    Kodak said it secured worldwide marketing rights for three
+of Enzon's PEG enzymes used in the treatment of oxygen toxicity
+disorders, hyperuricemia and gout.
+    The company said it acquired two mln Enzon shares for 15
+mln dlrs, with loans to Enzon of two mln dlrs and interest of
+30,000 dlrs credited against the purchase price.
+    Kodak said the drugs covered by the marketing rights are in
+initial stages of the U.S. Food and Drug Administration
+approval process.  It said the investment should provide the
+necessary capital to complete the FDA review process and
+provide a marketing outlet for the drugs.
+    The drugs are PEG-superoxide disdmutase and PEG-catalase,
+for use against oxygen toxicity disorders that cause the
+often-fatal tissue damage associated with severe burns, organ
+transplants, heart attacks and trauma, and PEG-uricase, for
+treatment of gout and other conditions caused by the buildup of
+high levels of uric acid in the body.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18690" NEWID="2272">
+<DATE> 5-MAR-1987 12:52:00.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0064&#31;reute
+b f BC-GECC-ISSUES-75-MLN-AU   03-05 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GECC ISSUES 75 MLN AUSTRALIAN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>General Electric Credit Corp is issuing a
+75 mln Australian dlr eurobond due April 16, 1990 paying 15 pct
+and priced at 101-3/8 pct, lead manager Hambros Bank Ltd said.
+    The non-callable bond is available in denominations of
+1,000 Australian dlrs and will be listed in Luxembourg. The
+selling concession is one pct while management and underwriting
+combined pays 1/2 pct.
+    The payment date is April 16.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18691" NEWID="2273">
+<DATE> 5-MAR-1987 12:52:25.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0067&#31;reute
+u f BC-GEMCRAFT-INC-&lt;GEMH>-Y   03-05 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEMCRAFT INC &lt;GEMH> YEAR NET</TITLE>
+<DATELINE>    HOUSTON, March 5 -
+    </DATELINE><BODY>Shr 42 cts vs 1.21 dlrs
+    Net 2,317,000 vs 5,847,000
+    Sales 360.0 mln vs 282.4 mln
+    Avg shrs 5,463,000 vs 4,829,000
+    NOTE: 1986 net includes 4,700,000 dlr pretax charge from
+writedown of land and abandonment of land and pretax charges of
+5,800,00 dlrs from pending rescission offer, settlements with
+U.S. agencies, adjustment of the prior booking of residuals
+arising from collateralized mortgage obligation bond issues,
+writedowns of land held by a joint venture, startup costs
+associated with entering new markets, an increase in reserves
+for customer service and writeoffs and reserves for
+mortgage-related receivables to reflect current market values.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18692" NEWID="2274">
+<DATE> 5-MAR-1987 12:53:15.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A F
+&#22;&#22;&#1;f0072&#31;reute
+r f BC-BROWN-FORMAN-&lt;BFD>-FI   03-05 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN-FORMAN &lt;BFD> FILES 200 MLN DLR DEBT OFFER</TITLE>
+<DATELINE>    LOUISVILLE, Ky., March 5 - </DATELINE><BODY>Brown-Forman Corp said it filed
+a shelf registration covering up to 200 mln dlrs of debt
+securities guaranteed by its parent company, Brown-Forman Inc.
+    Proceeds will be used to retire commercial paper, to repay
+some long-term debt and for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18693" NEWID="2275">
+<DATE> 5-MAR-1987 12:53:28.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0074&#31;reute
+r f BC-APPLIED-SOLAR-ENERGY   03-05 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLIED SOLAR ENERGY CORP &lt;SOLR> 1ST QTR NET</TITLE>
+<DATELINE>    CITY OF INDUSTRY, Calif., March 5 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr profit nine cts vs loss 30 cts
+    Net profit 317,000 vs loss 997,000
+    Sales 6,338,000 vs 3,119,000
+    Note: 1986 net includes extraordinary gain of 90,000 dlrs,
+or two cts per shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18694" NEWID="2276">
+<DATE> 5-MAR-1987 12:53:45.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0076&#31;reute
+r f BC-PACIFIC-NUCLEAR-SYSTE   03-05 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC NUCLEAR SYSTEMS IN &lt;PACN> 4TH QTR LOSS</TITLE>
+<DATELINE>    FEDERAL WAY, Wash., March 5 -
+    </DATELINE><BODY>Shr loss 19 cts vs profit seven cts
+    Net loss 851,000 vs profit 227,000
+    Revs 2,600,000 vs 4,800,000
+    Year
+    Shr loss 46 cts vs profit 19 cts
+    Net loss 2,100,000 vs profit 600,000
+    Revs 9,900,000 vs 15.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18695" NEWID="2277">
+<DATE> 5-MAR-1987 12:54:20.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f0080&#31;reute
+r f BC-WITCO-&lt;WIT>-TO-OFFER   03-05 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WITCO &lt;WIT> TO OFFER CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Witco Corp said it filed with the
+Securities and Exchange Commission a registration statement
+covering a 100 mln dlr issue of convertible subordinated
+debentures due 2012.
+    Proceeds will be used to finance acquisitions and for
+general corporate purposes, the company said.
+    Witco named Smith Barney, Harris Upham and Co Inc as lead
+manager and Goldman, Sachs and Co as co-manager of the
+offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18696" NEWID="2278">
+<DATE> 5-MAR-1987 12:56:32.19</DATE>
+<TOPICS><D>gnp</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0088&#31;reute
+u f BC-FED'S-JOHNSON-STRESSE   03-05 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S JOHNSON STRESSES PRICE STABILITY</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Federal Reserve Board Vice Chairman
+Manuel Johnson said that maintaining price stability was
+critical to achieving non-inflationary economic growth in the
+world and said that progress was being made.
+    "It is worth reiterating that the Federal Reserve's
+promotion of price stability is critical to the successful
+implementation of virtually all of the important ingredients
+for growth," he told the Eastern Economic Association.
+    Johnson said initial progress has been made on a variety of
+fronts. "Federal Reserve monetary policy, the
+Gramm-Rudman-Hollings legislation, the G-6 agreement, and the
+Baker debt initiative for example all have moved us in the
+right direction," he said. G-6 is comprised of U.S., Britain,
+France, Japan, West Germany and Canada.
+    On the budget deficit, Johnson said meeting precise
+numerical goals was less important than a continuing commitment
+toward slowing the growth of federal spending.
+    There was evidence deficits as a pct of Gross National
+Product were declining and would continue to drop, he said.
+    But Johnson warned against reliance on inflow of foreign
+capital to finance investment and the budget deficit and keep
+interest rates stable.
+    "This situation, however, cannot continue indefinitely.
+Sooner or later progress must be made in controlling excessive
+federal spending," he said.
+    A disinflationary monetary policy should continue to be the
+main objective of the Fed, Johnson said.
+    He also said a more stable and sustainable alignment of
+exchange rates was needed for long-term growth.
+    On the trade deficit, Johnson warned against "quick fix"
+solutions, which he identified as excessive dollar depreciation
+or protectionist trade legislation.
+    "What is important is that we attempt to maintain healthy
+returns to capital and adopt policies encouraging genuine
+economic growth," he said.
+    Such an approach would finance the trade deficit but allow
+for its gradual resolution over time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18697" NEWID="2279">
+<DATE> 5-MAR-1987 13:00:26.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0102&#31;reute
+d f BC-ANGLO-AMERICAN-GOLD-I   03-05 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANGLO AMERICAN GOLD INVESTMENT CO LTD &lt;AAGIY></TITLE>
+<DATELINE>    JOHANNESBURG, March 5 - </DATELINE><BODY>Year to Feb 28
+    Shr 1,700.3 cts vs 1,533.0
+    Pre-tax 373.3 mln rand vs 341.0 mln
+    Net 373.3 mln vs 336.5 mln
+    Tax nil vs 4.5 mln
+    Final div 900 cts making 1,600 cts vs 1,450
+    Div payable April 24, register March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18698" NEWID="2280">
+<DATE> 5-MAR-1987 13:02:26.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0109&#31;reute
+u f BC-SWISS-GIVE-ARGENTINA   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS GIVE ARGENTINA CREDIT FOR NUCLEAR PLANT</TITLE>
+<DATELINE>    ZURICH, March 5 - </DATELINE><BODY>Switzerland's three major banks have
+offered Argentina an extra 110.5 mln Swiss franc credit to help
+finance the building of a heavy water plant there by Gebrueder
+Sulzer AG &lt;SULZ.Z>, Union Bank of Switzerland, UBS said.
+    The three -- UBS, Credit Suisse and Swiss Bank Corp --
+provided an initial 409 mln franc credit after Argentina signed
+a contract with Sulzer in 1980. The plant will supply its
+nuclear power industry.
+    The extra credit, provided at market rates, covers extra
+costs incurred due to building delays, a UBS spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18699" NEWID="2281">
+<DATE> 5-MAR-1987 13:06:33.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0134&#31;reute
+r f BC-TRIAD   03-05 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARRIS CUTS TRIAD SYSTEMS &lt;TRSC> STAKE TO 18 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Harris Associates L.P., a Chicago
+investment advisory partnership, said it lowered its stake in
+Triad Systems Corp to 1,355,296 shares, or 17.9 pct of the
+total outstanding, from 1,463,962 shares, or 19.3 pct.
+    In a filing with the Securities and Exchange Commission,
+Harris said it sold a net 108,666 Triad common shares between
+Dec 16 and Feb 23 at prices ranging from 10.00 to 14.25 dlrs a
+share.
+    It said its dealings in Triad common stock were done on
+behalf of its advisory client.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18700" NEWID="2282">
+<DATE> 5-MAR-1987 13:06:41.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0135&#31;reute
+h f BC-BAHRAIN-PASSES-DECREE   03-05 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAHRAIN PASSES DECREE TO SET UP STOCK EXCHANGE</TITLE>
+<DATELINE>    BAHRAIN, March 5 - </DATELINE><BODY>Bahrain has passed a decree approving
+the establishment of the country's first stock exchange, the
+Gulf News Agency reported.
+    The decree placed responsibilty for the stock exchange with
+the Ministry of Commerce and Agriculture.
+    There was no indication when the exchange will open.
+    Banking sources said government officials are finalising
+details of a building to house the exchange.
+    Stock trading in Bahrain is currently conducted via a
+telephone market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18701" NEWID="2283">
+<DATE> 5-MAR-1987 13:09:35.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0145&#31;reute
+r f BC-DIAMOND-BATHURST-&lt;DBH   03-05 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND-BATHURST &lt;DBH> SAYS FURNACE EXPLODES</TITLE>
+<DATELINE>    MALVERN, Pa., March 5 - </DATELINE><BODY>Diamond-Bathurst Inc said an
+explosion yesterday during a furnace rebuild at its Antioch,
+Calif., facility completely destroyed the furnace.
+    The glassmaker said the rest of the facility was undamaged
+and there were no serious injuries.  It said it believes it is
+fully covered by insurance.
+    The company said it cannot yet determine the impact on the
+plant's operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18702" NEWID="2284">
+<DATE> 5-MAR-1987 13:10:01.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f0146&#31;reute
+b f BC-ALLIS-CHALMERS-&lt;AH>-O   03-05 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIS-CHALMERS &lt;AH> ON S/P CREDITWATCH, DEVELOPING</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Standard and Poor's Corp said it placed
+on creditwatch with developing implications Allis-Chalmers Corp
+because of the company's recapitalization plans and intention
+to sell most of its businesses.
+    Allis-Chalmers' restructuring plan would include the sale
+of its fluids handling and solid materials processing
+businesses, S and P noted. That would leave the company with
+its profitable American Air Filter Co unit.
+    The company plans to drastically reduce debt with proceeds
+from asset sales. In addition, it plans to exchange debt for
+common stock shares, S and P said.
+    Allis-Chalmers carries B-minus senior debt and C-rated
+preferred stock. The firm has nearly 97 mln dlrs of debt and
+preferred outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18703" NEWID="2285">
+<DATE> 5-MAR-1987 13:11:03.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0147&#31;reute
+r f BC-DATATMETRICS-CORP-&lt;DM   03-05 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATATMETRICS CORP &lt;DMCZ> WINS ARMY CONTRACT</TITLE>
+<DATELINE>    CHATSWORTH, Calif., March 5 - </DATELINE><BODY>Datametrics Corp said it won
+a 4.9-mln-dlr contract from the U.S. Army.
+    The company said Datametrics will deliver printer/plotters
+to the Army's Redstone Arsenal, beginning in September, 1987.
+    Datametrics said it had a record backlog of funded and
+unfunded projects of 31.8 mln dlrs on March 1, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18704" NEWID="2286">
+<DATE> 5-MAR-1987 13:12:38.88</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0153&#31;reute
+b f BC-U.S.-TREASURY-SAYS-NO   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY SAYS NO COMMENT ON YEN VALUE</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>A Treasury Department spokesman
+refused comment on statements by Robert Ortner, undersecretary
+of economic affairs for the Commerce Department, that the
+Japanese yen was undervalued.
+    Ortner, senior economist at the Commerce Department, told
+an Export-Import Bank conference "the yen is still a little bit
+undervalued," and "could go up another 10 or 15 pct."
+    Asked for reaction, a Treasury spokesman said officials
+were aware of Ortner's comments but had no intention of making
+any comment on them.
+    Ortner, who stressed he was expressing personal views, said
+he thought the U.S. dollar was "fairly priced"
+against most European currencies and added "I do not regard the
+dollar as undervalued at this point against the yen," he said.
+    But the yen should go up 10 or 15 pct in value, Ortner
+said, because it is undervalued against the dollar.
+    The United States and major trade allies West Germany,
+France, Britain, Japan and Canada met recently in Paris to
+discuss maintaining stability in international currency values.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18705" NEWID="2287">
+<DATE> 5-MAR-1987 13:13:55.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0156&#31;reute
+u f BC-ROYAL-TRUST-PLANS-NO   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL TRUST PLANS NO BROKERAGE UNIT</TITLE>
+<DATELINE>    TORONTO, March 5 - </DATELINE><BODY>&lt;Royal Trustco Ltd> said it does not
+plan to enter the brokerage business when ownership of Ontario
+investment dealers is opened to other financial institutions on
+June 30.
+    "The short answer is no, we do not intend to get directly
+into the brokerage business, but we will compete with it,"
+chief executive Michael Cornelissen told the annual meeting in
+reply to a shareholder's inquiry.
+    Cornelissen said Royal Trust, Canada's second biggest trust
+company, was concerned about a possible conflict of interest
+between its current asset management functions and brokerage
+and stock promotion activities.
+    Cornelissen also cited the heavy competition in the
+Canadian securities industry as a factor in Royal Trust's
+decision to avoid direct involvement in a brokerage firm.
+    He told shareholders, however, that Royal Trust would
+continue to compete with investment dealers through its asset
+management programs and discount processing of retail stock
+trades.
+    Royal Trust also plans to take further advantage of
+networking possibilities offered by its involvement in
+financial conglomerate &lt;Trilon Financial Corp>, 50 pct-owner of
+Royal Trust, Cornelissen said.
+    Afterward, Cornelissen told reporters that Royal Trust's
+Dow Financial Services Corp unit planned no more divestitures
+after its previously reported agreement yesterday to
+restructure its financial operations in Asia with joint owner
+&lt;MBF Holdings Ltd>.
+    Cornelissen also told reporters the company was confident
+of achieving its targeted 15 pct growth in earnings per share
+this year. Royal Trust's basic per share earnings rose 16 pct
+in 1986 to 2.20 dlrs.
+    "With two months of the year gone, we are ahead of it (the
+15 pct growth target)," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18706" NEWID="2288">
+<DATE> 5-MAR-1987 13:14:17.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0158&#31;reute
+u f BC-FRENCH-AGRICULTURAL-B   03-05 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH AGRICULTURAL BANK ISSUES 300 MLN FRANC BOND</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>Banque Francaise de l'Agriculture said it
+is issuing for its own account a 300 mln franc, variable-rate,
+seven year and 13 day domestic bond which it will lead along
+with l'Union de Garantie et de Placement.
+    The bond, issued at 98.30 pct, will have interest based on
+the annualised money market rate (TAM) with the first coupon
+paid on April 6.
+    Denominations are of 5,000 francs nominal and the issue
+will be quoted on the Paris Bourse.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18707" NEWID="2289">
+<DATE> 5-MAR-1987 13:14:47.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0159&#31;reute
+d f BC-CADBURY-REQUESTS-STOC   03-05 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CADBURY REQUESTS STOCK EXCHANGE ENQUIRY</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Cadbury-Schweppes Plc &lt;CADB.L> said it
+had asked the London Stock Exchange to launch a formal enquiry
+into dealings in the company's shares in recent months.
+    It said it believed such a move was in the best interests
+of shareholders following recent charges being made under U.K.
+Insider dealing laws about the shares.
+    Last week, former &lt;Morgan Grenfell Group Plc> executive
+Geoffrey Collier was charged with insider dealing in Cadbury
+shares.
+    Collier resigned from the bank last year and was later
+charged with offences on deals in shares of AE Plc &lt;AENG.L>.
+    A Stock Exchange spokeswoman said she could give no
+specific details about the request. An investigation would be
+requested from the Exchange as it had access to the relevant
+dealing records.
+    If it appeared that some offence had been committed details
+would be passed to the U.K. Trade Department, which had the
+power to bring charges under the Companies' Act.
+    No spokesman for Cadbury was immediately available for
+comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18708" NEWID="2290">
+<DATE> 5-MAR-1987 13:15:11.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0161&#31;reute
+r f BC-LIBRA-BANK-EXPECTS-BR   03-05 0114</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LIBRA BANK EXPECTS BRAZIL TO REACH DEBT ACCORD LONDON, March 5
+- London-based &lt;Libra Bank Plc> said when announcing its 1986
+annual results that it expected Brazil to reach agreement with
+its creditors over debt repayments.
+    "In recent years Brazil has demonstrated its ability to
+generate surpluses sufficient to service its debt, and I have
+no doubt that, in due course, it will reach an agreement with
+the banks and its other creditors," Libra managing director
+Peter Belmont said in a statement.
+    Earlier the bank, which specialises in providing finance to
+Latin America and the Caribbean, announced pretax profits of
+43.9 mln stg for calendar 1986, against 43 mln in 1985.
+    Libra's net worth increased by 24 pct to 134 mln stg last
+year, and Belmont said the improvement to the bank's balance
+sheet was due to profits being mostly retained in the bank, and
+to the issue of 10 mln stg of cumulative redeemable preference
+shares during the year.
+    Libra is a consortium bank --National Westminster Bank Plc
+&lt;NWBL.L>, Chase Manhattan Bank N.A. &lt;CMB>, Royal Bank of Canada
+&lt;RY.TO>, Swiss Bank Corp &lt;SBVZ.Z>, Westdeutsche Landesbank
+Girozentrale &lt;WELG.F>, &lt;Mitsubishi Bank Ltd>, &lt;Bancomer SNC>,
+&lt;Banco Itau SA>, &lt;Credito Italiano SpA> and &lt;Banco Espirito
+Santo e Comercial de Lisboa> all have shareholdings.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18709" NEWID="2291">
+<DATE> 5-MAR-1987 13:15:35.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0162&#31;reute
+r f BC-IDEA-INC-&lt;IDEA>-TO-BU   03-05 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDEA INC &lt;IDEA> TO BUY PRIVATE FIRM</TITLE>
+<DATELINE>    TORRANCE, Calif., March 5 - </DATELINE><BODY>IDEA Inc said it signed a
+letter of intent to buy privately-held Structural
+Instrumentation Inc.
+    The purchase, for an undisclosed sum, will be made mostly
+with IDEA common stock, the company said.
+    IDEA said the purchase will add about 32 cts per share to
+its fiscal 1988 earnings.
+    IDEA reported earnings of four cts per share for the
+quarter ended October 31, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18710" NEWID="2292">
+<DATE> 5-MAR-1987 13:16:02.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0165&#31;reute
+r f BC-FIRSTIER-&lt;FRST>-NAMES   03-05 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRSTIER &lt;FRST> NAMES NEW CHIEF EXECUTIVE</TITLE>
+<DATELINE>    OMAHA, March 5 - </DATELINE><BODY>FirsTier Inc said president William C.
+Smith has been named chief executive officer, succeeding
+Charles W. Durham, who remains chairman.
+    The company said Durham had been chief executive on an
+interim basis only.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18711" NEWID="2293">
+<DATE> 5-MAR-1987 13:16:24.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0167&#31;reute
+u f BC-FRANCE'S-FSGT-ISSUES   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE'S FSGT ISSUES 1.7 BILLION FRANC BOND</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>The Fonds Special de Grands Travaux (FSGT)
+is issuing a 1.7 billion franc, 9.10 pct, 12-year domestic bond
+at 99.30 pct, lead manager Societe Generale said.
+    The bond, guaranteed by the state, will carry warrants
+exchangeable for variable-rate bonds with interest based on the
+average monthly yield of long-term state bonds (TME).
+    Denominations are of 5,000 francs nominal and the first
+coupon of 455 francs will be paid on March 23, 1988. Both the
+bonds and the warrants will be quoted on the Paris Bourse.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18712" NEWID="2294">
+<DATE> 5-MAR-1987 13:16:42.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0170&#31;reute
+h f BC-INTERSTATE-BAKERIES-&lt;   03-05 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERSTATE BAKERIES &lt;IBC> SIGNS PACT</TITLE>
+<DATELINE>    KANSAS CITY, MO., March 5 - </DATELINE><BODY>Interstate Bakeries Corp said
+it has entered into a joint venture with Pain Jacquet S.A.,
+Europe's leading bread baker, for distribution of a three item
+French bread line.
+    Interstate said terms of transaction were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18713" NEWID="2295">
+<DATE> 5-MAR-1987 13:19:00.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0177&#31;reute
+d f BC-PROPOSED-OFFERINGS   03-05 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Audiotronics Corp &lt;ADO> - Shelf offering of up to five mln
+dlrs of convertible subordinated debentures due 2002 through
+H.J. Meyers and Co Inc.
+    Georgia Gulf Corp &lt;GGLF> - Offering of four mln shares of
+common stock through Goldman, Sachs and Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18714" NEWID="2296">
+<DATE> 5-MAR-1987 13:19:58.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0181&#31;reute
+r f BC-BEVERLY-ENTERPRISES-&lt;   03-05 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEVERLY ENTERPRISES &lt;BEV> DEBT LOWERED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded 225 mln dlrs of debt of Beverly Enterprises.
+    Cut were the company's senior debt to BB-minus from BB and
+subordinated debt to B-plus from BB-minus. The implied senior
+secured debt rating is BB.
+    S and P said the action reflected Beverly's aggressive
+plans to repurchase stock that would increase financial risk
+while earnings prospects become more clouded.
+    Despite the planned use of proceeds from asset sales for a
+portion of the buy back's costs, decapitalization would raise
+adjusted debt leverage above the 75 pct level of recent years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18715" NEWID="2297">
+<DATE> 5-MAR-1987 13:20:30.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0183&#31;reute
+r f BC-DUCOMMUN-INC-&lt;DCO>-SE   03-05 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUCOMMUN INC &lt;DCO> SELLS DIVISION</TITLE>
+<DATELINE>    CYPRESS, Calif., March 5 - </DATELINE><BODY>Ducommun Inc said it sold its
+Airdrome Parts Co division to a group of investors headed by
+Airdrome's management for a cash price of 12 mln dlrs.
+    Ducommun said the sale, coupled with its sale last month of
+Metermaster, were steps taken to improve the company's balance
+sheet and that no further sales are being contemplated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18716" NEWID="2298">
+<DATE> 5-MAR-1987 13:20:53.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0184&#31;reute
+d f BC-HOOPER-HOLMES-SHERLOC   03-05 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOOPER HOLMES SHERLOCK INC &lt;HOOP> 4TH QTR NET</TITLE>
+<DATELINE>    BASKING RIDGE, N.J., March 5 -
+    </DATELINE><BODY>Shr 22 cts vs 25 cts
+    Net 472,000 vs 454,000
+    Revs 16.2 mln vs 15.2 mln
+    Avg shrs 2,135,315 vs 1,835,325
+    12 mths
+    Shr 71 cts vs 70 cts
+    Net 1,393,000 vs 1,285,000
+    Rwevs 61,805,000 vs 55,367,000
+    Avg shares 1,960,319 vs 1,835,325
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18717" NEWID="2299">
+<DATE> 5-MAR-1987 13:21:34.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0186&#31;reute
+u f BC-ITALY'S-SME-IN-VENTUR   03-05 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S SME IN VENTURE TALKS WITH FOREIGN FIRMS</TITLE>
+<DATELINE>    ROME, March 5 - </DATELINE><BODY>State-owned food company &lt;Societa
+Meridionale Finanziaria Spa - SME> is discussing possible share
+exchanges and joint ventures with Unilever PLC-NV &lt;UN.A> and
+Swiss firm Jacobs Suchard AG &lt;JACZ.Z>, a SME parent company
+spokesman said.
+    A spokesman for state holding company &lt;Istituto Per La
+Ricostruzioni Industriale - IRI>, which controls SME, said the
+talks were centered on "possible swaps of minority stakes and
+production collaboration."
+    He declined to say if SME was close to an accord with one
+or both of the foreign firms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18718" NEWID="2300">
+<DATE> 5-MAR-1987 13:26:41.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0196&#31;reute
+r f BC-MIDWAY-AIR-&lt;MDWY>-FEB   03-05 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWAY AIR &lt;MDWY> FEBRUARY LOAD FACTOR OFF</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>Midway Airlines Inc said its February
+load factor declined 1.6 pct to 55.9 pct from 57.5 pct in the
+same month last year.
+    February traffic increased 23.7 pct to 167.4 mln revenue
+passenger miles from 135.3 mln revenue passenger miles at the
+same time in 1986, Midway said. Available seat miles rose 27.2
+pct to 299.5 mln seat miles, it said.
+    For the year-to-date, Midway's load factor also decreased
+1.6 pct to 54.3 pct from 55.9 pct, it said.
+    Traffic for the year-to-date advanced 17.7 pct to 332.9 mln
+revenue passenger miles from 282.8 mln revenue passenger miles
+in the comparable period a year ago, Midway said. Available
+seat miles jumped 21.2 pct to 613.0 seat miles, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18719" NEWID="2301">
+<DATE> 5-MAR-1987 13:27:59.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0202&#31;reute
+u f BC-TEXON-ENERGY-&lt;TXON>-I   03-05 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXON ENERGY &lt;TXON> IN TALKS ON ACQUISITION</TITLE>
+<DATELINE>    DALLAS, March 5 - </DATELINE><BODY>Texon Energy Corp said it has entered
+into a preliminary agreement to purchase an 80 pct interest in
+a privately-held specialty plastics manufacturing company it
+did not name.
+    Texon said completion of the acquisition is subject to the
+consent of banks and third parties and the acquisition would be
+made for promissory notes and common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18720" NEWID="2302">
+<DATE> 5-MAR-1987 13:28:08.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0203&#31;reute
+b f BC-******TWA-FEBRFUARY-L   03-05 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TWA FEBRFUARY LOAD FACTOR RISES TO 56.5 PCT FROM 53.1 PCT YEAR AGO
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18721" NEWID="2303">
+<DATE> 5-MAR-1987 13:30:56.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0215&#31;reute
+r f BC-ALLIED-&lt;ALD>-AFFILIAT   03-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED &lt;ALD> AFFILIATE RESTATES LOSS LARGER</TITLE>
+<DATELINE>    HOUSTON, March 5 - </DATELINE><BODY>Allied-Signal Inc's 49.7 pct owned
+&lt;Union Texas Petroleum Co> affiliate said it has restated its
+fourth quarter and full-year losses and revenues to increase
+the provision for the proposed settlement of a price dispute
+involving Indonesian liquefied natural gas.
+    It said the restated increases the provision against 1986
+fourth quarter earnings to 23.5 mln dlrs from 15.5 mln dlrs
+estimated earlier.
+    Union Texas said its fourth quarter loss was increased to
+29.5 mln dlrs from 21.5 mln dlrs reported previously and
+revenues reduiced to 214 mln dlrs from 228 mln dlrs.
+    Union Texas said for the full year it restated its loss to
+57.5 mln dlrs from 49.5 mln dlrs and revenues to 1.26 billion
+dlrs from 1.27 billion dlrs.
+    the restatement results from a tentative agreement reached
+in February with Pertamina, the Indonesian state-owned
+petroleum enterprise, and Japanese purchasers of LNG.
+    Kohlberg Kravis Roberts and Co also owns 49.7 pct of Union
+Texas and the remainder is owned by management.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18722" NEWID="2304">
+<DATE> 5-MAR-1987 13:31:01.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0216&#31;reute
+d f BC-AMREP-CORP-&lt;AXR>-3RD   03-05 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMREP CORP &lt;AXR> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    NEW YORK, March 5 -
+    </DATELINE><BODY>Shr 12 cts vs 34 cts
+    Net 787,000 vs 2,250,000
+    Revs 23.6 mln vs 23.6 mln
+    Nine mths
+    Shr 70 cts vs 1.06 dlrs
+    Net 4,598,000 vs 6,974,000
+    Revs 73.1 mln vs 73.6 mln
+    NOTE: Share adjusted for three-for-two stock split in
+December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18723" NEWID="2305">
+<DATE> 5-MAR-1987 13:34:44.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0234&#31;reute
+d f BC-U.S.-TREASURY-OFFICIA   03-05 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY OFFICIAL PROMISES VACCINE AID PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The Reagan administration soon will
+propose a program of no-fault compensation for people injured
+by childhood vaccines, a senior Treasury Department counsel
+told the House select revenue measures subcommittee.
+    "Within the next few weeks, we expect to propose a program
+that will provide equitable, no-fault compensation to injured
+persons, and predictable (and hence insurable) liabilities for
+vaccine manufacturers," Dennis Ross, tax legislative counsel for
+treasury, said in prepared testimony.
+    The Vaccine Act was signed into law last year but did not
+include a funding mechanism for its compensation program.
+    Ross noted 50 to 75 children a year suffer serious
+long-term or injuries from adverse reactions to vaccine for
+diptheria, tetanus and whooping cough alone.
+    But he said lawsuits were causing drug companies like Wyeth
+Laboratories and Parke, Davis and Co to stop producing
+childhood vaccines.
+    The administration would not favor funding compensation
+through an excise tax levied on the vaccine producers because
+it would add to collection and auditing burdens, Ross said.
+    He did not suggest a favored funding mechanism but said
+a lump-sum trust fund for compensation might be preferable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18724" NEWID="2306">
+<DATE> 5-MAR-1987 13:34:54.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0236&#31;reute
+h f BC-&lt;THE-MUSIC-SHOP>-SIGN   03-05 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;THE MUSIC SHOP> SIGNS STOCK OPTION AGREEMENT</TITLE>
+<DATELINE>    NASHVILLE, Tenn, March 5 - </DATELINE><BODY>The Music Shop said it signed a
+stock option agreement with the &lt;Saxon Co> calling for it to
+receive 100,000 dlrs in return for 210 mln shares and an option
+for Saxon to buy additional common stock for up to 400,000
+dlrs.
+    The company also said it will hold a special shareholders'
+meeting April 15 to vote on a proposed one-for-100 share
+reverse split.
+    Saxon is a venture capital firm from Dallas, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18725" NEWID="2307">
+<DATE> 5-MAR-1987 13:35:31.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0237&#31;reute
+r f BC-ICI-&lt;ICI>-SEES-GROWTH   03-05 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICI &lt;ICI> SEES GROWTH IN PHARMACEUTICALS</TITLE>
+<DATELINE>    LOS ANGELES, March 5 - </DATELINE><BODY>Imperial Chemical Industries PLC
+expects earnings from its pharmaceuticals operations to grow  
+to about 35 pct of world profits within the next five years
+compared with a current 30 pct, chairman elect Denys Henderson
+told financial analysts.
+    "Over the next five years we expect to launch one major new
+product each year," Henderson said.
+    He also said research and development spending in this
+business segment will be increased to 14 pct of total sales
+income in 1987 from 13 pct, or 130 mln sterling, in 1986.
+    ICI, the world's fifth largest chemicals firm in terms of
+sales, recently reported 1986 profits of about 888 mln dlrs on
+15 billion dlrs in sales, compared with income of 817 mln dlrs
+on 15.87 billion dlrs in sales a year earlier.
+    Sales in the United States totaled about three billion
+dlrs, ICI executives said.
+    In addition, Henderson said overall corporate growth will
+come from ICI's research and development activities, but the
+company intends to continue to grow through an acquisition
+program.
+    ICI spent just under one billion dlrs for acquisitions
+during 1986, the largest of which was the 580 mln dlr purchase
+of Cleveland, Ohio-based Glidden Inc, a paints, resins and
+coatings company, from &lt;Hanson Trust PLC>.
+    ICI financial director Alan Clements said the company's
+borrowing limits are at a level of about 6.3 billion sterling,
+1.5 billion of which have already been used.
+    While the company has no current plans for a major
+acquisition, "we are ready to move quickly in the acquisition
+field if the need arises," Clements said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18726" NEWID="2308">
+<DATE> 5-MAR-1987 13:35:47.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0239&#31;reute
+r f BC-SAFECARD-SERVICES-&lt;SF   03-05 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAFECARD SERVICES &lt;SFCD> SETS SPLIT, UPS PAYOUT</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., March 5 - </DATELINE><BODY>SafeCard Services Inc said
+its board declared a three-for-two stock split and is
+maintaining the quarterly dividend on post-split shares at the
+same six cts it now pays for an effective 50 pct increase.
+    Both the split and the dividend are payable April 30 to
+holders of record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18727" NEWID="2309">
+<DATE> 5-MAR-1987 13:35:54.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0240&#31;reute
+d f BC-WILTON-ENTERPRISES-IN   03-05 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILTON ENTERPRISES INC &lt;WLTN> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    WOODRIDGE, ILL., March 5 -
+    </DATELINE><BODY>Oper shr profit two cts vs loss 31 cts
+    Oper net 72,000 vs loss 1,130,000
+    Sales 7,896,000 vs 9,333,000
+    1st half
+    Oper shr profit 32 cts vs profit eight cts
+    Oper net profit 1,187,000 vs profit 299,000
+    Sales 21.3 mln vs 26.0 mln
+    NOTE: Current year net excludes tax credits of 54,000 dlrs
+in quarter and 945,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18728" NEWID="2310">
+<DATE> 5-MAR-1987 13:36:09.01</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0241&#31;reute
+u f BC-ROTTERDAM-PORT-SUBSID   03-05 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTTERDAM PORT SUBSIDY TO END JULY 1 - MINISTER</TITLE>
+<DATELINE>    ROTTERDAM, March 5 - </DATELINE><BODY>Dutch Social Affairs Minister Louw de
+Graaf announced he is withdrawing the annual 10 mln guilder
+labour subsidy for Rotterdam's strike-hit general cargo sector
+as from July 1.
+    Late last month de Graaf said that if the dispute was not
+settled by Monday this week he would withdraw the subsidy.
+    The chairman of the port employers' organization, SVZ,
+Jacques Schoufour, said he was unhappy with the decision and
+added there was now no alternative to proceeding with
+redundancy plans.
+    The series of strikes in the sector started on January 19
+in protest at employers' plans to make 800 redundancies from
+the 4,000-strong workforce by 1990 starting with 350 this year.
+    Meanwhile, the port and transport union, FNV, attacked loss
+figures given for the port for this year.
+    The figures, issued by accountants on behalf of the SVZ,
+put total losses for last year at 34 mln guilders and in 1985
+at 37 mln. Earlier, the employers had put the figure at around
+30 mln.
+    The FNV said the actual losses were nearer 17 to 20 mln and
+said the employers had inflated the figures as part of their
+plan to restructure completely the port's general cargo sector.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18729" NEWID="2311">
+<DATE> 5-MAR-1987 13:39:10.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0256&#31;reute
+u f BC-TWA-&lt;TWA>-FEBRUARY-LO   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> FEBRUARY LOAD FACTOR RISES</TITLE>
+<DATELINE>    ST. LOUIS, March 5 - </DATELINE><BODY>Trans World Airlines Inc said February
+load factor rose to 56.5 pct from 53.1 pct a year before.
+    The company said revenue passenger miles rose to 1.95
+billion from 1.66 billion a year before and available seat
+miles rose to 3.45 billion from 3.14 billion.
+    For the year to date, the company said load factor rose to
+56.4 pct from 52.8 pct a year before, as revenue passenger
+miles rose to 4.10 billion from 3.66 billion and available seat
+miles rose to 7.26 billion from 6.92 billion.  The 1986 figures
+exclude recently-acquired Ozark Air Lines Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18730" NEWID="2312">
+<DATE> 5-MAR-1987 13:41:08.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0257&#31;reute
+d f BC-S.A.Y.&lt;SAYI>-TO-TAKE   03-05 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S.A.Y.&lt;SAYI> TO TAKE 3RD QTR LOSS FROM SALE</TITLE>
+<DATELINE>    LEOMINSTER, MASS., March 5 - </DATELINE><BODY>S.A.Y. Industries Inc said it
+expects a loss of about two mln dlrs in its third quarter ended
+February 28 from the proposed sale of its Omnilab Inc health
+care unit.
+    S.A.Y said its board of directors approved the unit's sale
+because Omnilab was losing about 140,000 dlrs a quarter.
+    "We no longer see a near-term prospect for a reasonable
+return on our investment," Romilly Humphries, S.A.Y. president
+and chief executive officer said.
+    S.A.Y. said proceeds from the sale would be used to
+increase the company's market share in automotive products
+packaging and diversify its packaging capabilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18731" NEWID="2313">
+<DATE> 5-MAR-1987 13:41:57.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0260&#31;reute
+b f BC-******DELTA-AIR-LINES   03-05 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DELTA AIR LINES FEBRUARY LOAD FACTOR FALLS TO 54.1 PCT FROM 59.9 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18732" NEWID="2314">
+<DATE> 5-MAR-1987 13:42:11.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0262&#31;reute
+r f BC-NYSE-EXAMINES-HECK'S   03-05 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE EXAMINES HECK'S &lt;HEX> LISTING STATUS</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>The New York Stock Exchange said it is
+reviewing the eligibility for continued listing of Heck's Inc's
+commonn stock after the company announced that it has filed a
+voluntary petition under Chapter 11 bankruptcy proceedings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18733" NEWID="2315">
+<DATE> 5-MAR-1987 13:42:31.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0263&#31;reute
+r f BC-PHELPS-DODGE-&lt;PD>-FIL   03-05 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHELPS DODGE &lt;PD> FILES FOR OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Phelps Dodge Corp said it filed a
+registration statement with the Securities and Exchange
+Commission for an offering of four mln depositary shares.
+    Each depositary share represents one quarter share of a
+convertible exchange preference share. The liquidation
+preference of each depositary share is 50 dlrs.
+    Quarterly dividends on the preference shares are cumulative
+and are payable beginning July 1, 1987.
+    Proceeds will be used to redeem outstanding five dlr
+convertible exchangeable preference shares, to repay bank debt
+and for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18734" NEWID="2316">
+<DATE> 5-MAR-1987 13:44:11.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0269&#31;reute
+d f BC-SONESTA-INTERNATIONAL   03-05 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONESTA INTERNATIONAL HOTELS CORP &lt;SNST> 4TH QTR</TITLE>
+<DATELINE>    BOSTON, March 5 -
+    </DATELINE><BODY>Shr profit 26 cts vs loss 86 cts
+    Oper net profit 780,000 vs loss 2,609,000
+    Revs 12.2 mln vs 17.1 mln
+    Year
+    Oper shr profit 5.28 dlrs vs loss 1.11 dlrs
+    Oper net profit 16.1 mln vs loss 3,311,000
+    Revs 64.9 mln vs 69.8 mln
+    NOTE: 1986 year net excludes 598,000 dlr tax credit.
+    1986 net includes pretax gains on sale of property of
+2,330,000 dlrs in quarter and 24.5 mln dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18735" NEWID="2317">
+<DATE> 5-MAR-1987 13:45:07.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0270&#31;reute
+d f BC-PARADYNE-&lt;PDN>-FACING   03-05 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARADYNE &lt;PDN> FACING CRIMINAL CHARGES</TITLE>
+<DATELINE>    LARGO, FLA, March 5 - </DATELINE><BODY>Paradyne Corp said a hearing is
+scheduled in the Federal District Court in Tampa today for
+criminal charges against it and eight of its present and former
+employees.
+    The charges pertain to the 1981 and 1982 Social Security
+Administration Equipment and Software Development Contracts.
+    Paradyne said it will issue announcements with respect to
+the 1985 indictments and other proceedings after today's
+hearings.
+    Miriam Frazer, a spokeswoman for Paradyne, said the major
+charge was for conspiracy to defraud the Social Security
+Administration in the procurement of a contract award to
+upgrade their computer network operation.
+    The contract is valued at about 80 mln dlrs and the
+equipment is currently installed and operating at the agency,
+Frazer said.
+    If found guilty, the sentence would likely be a fine for
+the company, and fines or imprisonment for the individuals,
+Frazer said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18736" NEWID="2318">
+<DATE> 5-MAR-1987 13:48:43.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0273&#31;reute
+r f BC-ORIENT-EXPRESS-&lt;OEH>   03-05 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORIENT-EXPRESS &lt;OEH> TO SELL FIVE PROPERTIES</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Orient-Express Hotels Inc said it
+reached agreement in principle to sell four hotels and the
+SeaCo Business Park near Houston for a total consideration of
+54 mln dlrs, payable 51.8 mln dlrs in cash.
+    The company said it is expected the sales will be concluded
+within 90 days. The purchasers have asked not to be identified
+until the completion of the sales, it added.
+    Orient-Express said its board has decided not to raise new
+equity capital at this time, explaining the proceeds from the
+planned sales will be sufficient to pay all the company's
+immediate obligations and leave resources for investment.
+    Orient-Express said the Turnberry Hotel and Golf Courses in
+Scotland will be sold but the company will retain a 20 year
+managment contract.
+    It said the Lodge at Vail, Colo., will be sold and leased
+back for 10 years with tghe option to extend the lease.
+    The company said the Royal York hotel in York, England, and
+the Lochalsh Hotel at the Kyle of Lochalsh in Scotland will be
+sold to a British hotels group and Orient-Express will have no
+further involvement in these properties.
+    The company said it expects to make improvements to its
+Italian hotels soon and is considering Italian acquisitions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18737" NEWID="2319">
+<DATE> 5-MAR-1987 13:51:39.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0280&#31;reute
+u f BC-DELTA-AIR-&lt;DAL>-FEBRU   03-05 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTA AIR &lt;DAL> FEBRUARY LOAD FACTOR FALLS</TITLE>
+<DATELINE>    ATLANTA, March 5 - </DATELINE><BODY>Delta Air Lines Inc said February load
+factor fell to 54.1 pct from 59.9 pct a year before.
+    The company said revenue passenger miles rose 4.1 pct to
+2.48 billion from 2.39 billion a year before and available seat
+miles rose 15.3 pct to 4.60 billion from 3.99 billion.
+    For the first two months of calendar 1986, Delta said load
+factor fell to 52.1 pct from 56.7 pct a year before, as revenue
+passenger miles rose 4.7 pct to 4.97 billion from 4.75 billion
+and available seat miles rose 14.0 pct to 9.55 billion from
+8.37 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18738" NEWID="2320">
+<DATE> 5-MAR-1987 13:51:59.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0281&#31;reute
+r f BC-&lt;DOMCO-INDUSTRIES-LTD   03-05 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DOMCO INDUSTRIES LTD> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    MONTREAL, March 5 -
+    </DATELINE><BODY>Shr four cts vs 12 cts
+    Net 248,000 vs 647,000
+    Revs 23.7 mln vs 21.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18739" NEWID="2321">
+<DATE> 5-MAR-1987 13:52:41.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0286&#31;reute
+r f BC-UAL-INC-&lt;UAL>'S-UNITE   03-05 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL INC &lt;UAL>'S UNITED AIRLINES ADDS FLIGHTS</TITLE>
+<DATELINE>    LOS ANGELES, March 5 - </DATELINE><BODY>UAL Inc's United Airlines said it is
+adding flights into Los Angeles International Airport between
+now and June.
+    United said it will be adding flights between Los Angeles
+and  Phoenix, Ariz., Oakland, Calif., Sacramento, Calif.,
+Chicago and  Salt Lake City.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18740" NEWID="2322">
+<DATE> 5-MAR-1987 13:52:48.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0287&#31;reute
+d f BC-UNICORP-AMERICAN-&lt;UAC   03-05 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNICORP AMERICAN &lt;UAC> ACQUISITION ADVANCES</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Unicorp American Corp said it has
+signed a definitive agreement for the previously-announced
+acquisition of Lincoln Savings Bank.
+    The company said the transaction is still subject to
+regulatory approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18741" NEWID="2323">
+<DATE> 5-MAR-1987 13:53:27.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0288&#31;reute
+d f BC-FIRST-EASTERN-CORP-&lt;F   03-05 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST EASTERN CORP &lt;FEBC> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    WILKES-BARRE, Pa., March 5 - </DATELINE><BODY>First Eastern Corp said it has
+completed the acquisition of Peoples Bank of Nanticoke, Pa., in
+an exchange of 11 First Eastern shares for each Peoples share.
+    Peoples has assets of about 24 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18742" NEWID="2324">
+<DATE> 5-MAR-1987 13:55:56.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>morocco</D><D>algeria</D><D>tunisia</D><D>egypt</D><D>sudan</D><D>somalia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-africa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0292&#31;reute
+u f AM-BANK   03-05 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFRICAN DEVELOPMENT BANK OPENS MOROCCO OFFICE </TITLE>
+<DATELINE>     RABAT, March 5 - </DATELINE><BODY>The African Development Bank (ADB) opened
+a regional office in Rabat which will cover Morocco, Algeria,
+Tunisia, Egypt, Sudan and Somalia.
+    Babacar N'Diaye, president of the Abidjan-based bank, said
+the regional office, headed by Tunisia's Hedi Meliane, will try
+to consolidate and diversify Arab-African relations, the
+Moroccan news agency MAP reported.
+    N'Diaye said the ADB intends to increase its capital by 200
+per cent by next June. This will allow it to invest about eight
+billion dollars in the next five years, he said..
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18743" NEWID="2325">
+<DATE> 5-MAR-1987 13:56:37.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0295&#31;reute
+d f BC-BISHOP-GRAPHICS-&lt;BGPH   03-05 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BISHOP GRAPHICS &lt;BGPH> COMPLETES STORE SALE</TITLE>
+<DATELINE>    WESTLAKE VILLAGE, Calif., March 5 - </DATELINE><BODY>Bishop Graphics Inc
+said it completed the sale of its Newport Beach Art Supply
+Center to Standard Brands Paint Co's &lt;SBP> Art Store unit.
+    Terms were not disclosed.
+    Bishop also said it has opened a new sales and service
+office in Irvine, Calif.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18744" NEWID="2326">
+<DATE> 5-MAR-1987 13:58:16.10</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0298&#31;reute
+b f AM-BRAZIL-SEAMEN   03-05 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRIKING BRAZILIAN SEAMEN HOLD PAY TALKS</TITLE>
+<DATELINE>    SAO PAULO, March 5 - </DATELINE><BODY>Striking Brazilian seamen, who say
+they have made idle 158 ships and halted Brazilian exports,
+today held pay talks in Rio de Janeiro with Labour Minister
+Almir Pazzianotto, union officials said.
+    Jorge Luis Leao Franco, a senior official of the National
+Merchant Marine Union, told Reuters he was optimistic the talks
+would lead to an end of the stoppage, which began last Friday.
+    Brazil's 40,000 seamen are seeking a pay rise of 275 pct.
+    The union official said the strike had halted a total of
+158 vessels, including 50 in Brazil's main port, Santos, and
+about 50 more in Rio de Janeiro.
+    Abroad, six ships lay idle, in the Netherlands, Spain,
+Venezuela, France and South Africa, he said.
+    Economic analysts said the strike was of serious concern to
+the government, which has already had to suspend interest
+payments on part of Brazil's foreign debt following a drastic
+deterioration in the country's trade balance.
+    The head of the National Merchant Marine Authority, Murilo
+Rubens Habbema, was quoted in today's Gazeta Mercantil
+newspaper as saying that if the strike continued foreign ships
+could be authorized to transport Brazilian exports.
+    "Brazil is living through a crisis at the moment, and it is
+not conceivable that exports be hit," he said.
+    "But even using foreign ships we must not forget that we are
+going to lose foreign exchange paying freight charges abroad,
+and all this through the fault of the seamen," Rubens Habbema
+said.
+    A spokesman for the port of Santos, which has been the
+scene of labour unrest and congestion in recent months, said
+movement of ships out of the port was running at about half its
+normal level of 12 ships a day.
+    He said a total of 76 ships were either waiting at anchor
+on moored in the harbour.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18745" NEWID="2327">
+<DATE> 5-MAR-1987 13:58:47.21</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0299&#31;reute
+f f BC-******FED'S-JOHNSON-S   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS DOLLAR IS VERY CLOSE TO APPROPRIATE EXCHANGE RATE LEVEL 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18746" NEWID="2328">
+<DATE> 5-MAR-1987 13:59:16.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0301&#31;reute
+f f BC-******FED'S-JOHNSON-W   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON WARNS U.S. BANKS AGAINST EXCESS RIGIDITY IN LDC DEBT TALKS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18747" NEWID="2329">
+<DATE> 5-MAR-1987 13:59:39.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0302&#31;reute
+d f BC-MERIDIAN-DIAGNOSTICS   03-05 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERIDIAN DIAGNOSTICS &lt;KITS> HAS TYPHUS TEST</TITLE>
+<DATELINE>    CINCINNATI, March 5 - </DATELINE><BODY>Meridian Diagnostics Inc said it has
+developed a rapid diagnostic test for endemic or murine typhus
+infections caused by Rickettsii typhi and transmitted by flea
+bites.
+    It said the product will be sold to hospitals, physicians,
+commerical laboratories and veterinarians by &lt;Integrated
+Diagnostics Inc>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18748" NEWID="2330">
+<DATE> 5-MAR-1987 14:00:30.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0306&#31;reute
+f f BC-******FED'S-JOHNSON-S   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SEES RISKS BUT NO IMMEDIATE DANGER IN CORPORATE DEBT LOAD
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18749" NEWID="2331">
+<DATE> 5-MAR-1987 14:02:42.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0310&#31;reute
+r f BC-MEDIQ-&lt;MED>-TO-SPIN-O   03-05 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDIQ &lt;MED> TO SPIN OFF FINANCIAL SERVICES UNIT</TITLE>
+<DATELINE>    PENNSAUKEN, N.J., March 5 - </DATELINE><BODY>MEDIQ Inc said it has filed a
+statement with the Securities and Exchange Commission to set up
+its Copelco Financial Services Group Inc unit as a publicly
+traded leasing company.
+    MEDIQ said it could gain 6.2 mln dlrs on the move.
+    MEDIQ said as part of the move it will offer MEDIQ common
+and preferred shareholders the right to purchase one share of
+the 1.2 mln Copelco shares for each 20 shares of Mediq owned as
+of March 20, 1987, for five dlrs a share.
+    MEDIQ said the shareholders may not exercise the rights for
+fewer than 100 Copelco common shares and the rights will expire
+30 days after issuance.
+    MEDIQ added that the rights and shares will trade on the
+over-the-counter market under the symbols &lt;CFSGR> and &lt;CFSGW>,
+respectively.
+    Later, it said, they will trade on the NASDAQ system under
+the symbol &lt;CFSG>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18750" NEWID="2332">
+<DATE> 5-MAR-1987 14:03:15.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0315&#31;reute
+s f BC-BROWN-GROUP-INC-&lt;BG>   03-05 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN GROUP INC &lt;BG> VOTES REGULAR DIVIDEND</TITLE>
+<DATELINE>    ST. LOUIS, MO., March 5 -
+    </DATELINE><BODY>Qtly div 37-1/2 cts vs 37-1/2 cts prior qtr
+    Pay 1 April
+    Record 16 March
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18751" NEWID="2333">
+<DATE> 5-MAR-1987 14:03:52.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0318&#31;reute
+d f BC-BLOCKER-ENERGY-CORP-&lt;   03-05 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLOCKER ENERGY CORP &lt;BLK> YEAR NET</TITLE>
+<DATELINE>    HOUSTON, March 5 -
+    </DATELINE><BODY>Oper shr profit 11 cts vs loss 2.45 dlrs
+    Oper net profit 3,594,000 vs loss 81.9 mln
+    Revs 38.5 mln vs 48.2 mln
+    NOTE: 1986 net excludes 68.5 mln dlr gain from debt
+extinguishment.
+    1985 net includes 72.0 mln dlr writedown of drilling rigs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18752" NEWID="2334">
+<DATE> 5-MAR-1987 14:06:21.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0324&#31;reute
+d f BC-HITK-&lt;HITK>-ADDS-NIPO   03-05 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HITK &lt;HITK> ADDS NIPON, MURDOCH TO CLIENTS</TITLE>
+<DATELINE>    STAMFORD, Conn., March 5 - </DATELINE><BODY>HITK Corp said its Worldwide 800
+SErvices telemarketing unit has added Nipon Electric Co and
+Murdoch Publishing to its list of clients.
+    Terms were not disclosed.
+    HITK said Nipon will use the service for promotion and
+sales to hotels and individuals. Murdoch will use the service
+to sell subscriptions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18753" NEWID="2335">
+<DATE> 5-MAR-1987 14:06:45.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0325&#31;reute
+d f BC-LTX-CORP-&lt;LTXX>-2ND-Q   03-05 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LTX CORP &lt;LTXX> 2ND QTR JAN 31 LOSS</TITLE>
+<DATELINE>    WESTWOOD, Mass., March 5 -
+    </DATELINE><BODY>Shr loss 28 cts vs loss 32 cts
+    Net loss 2,585,000 vs loss 2,885,000
+    Sales 27.6 mln vs 23.5 mln
+    Avg shrs 9,352,000 vs 9,049,000
+    1st half
+    Shr loss 63 cts vs loss 94 cts
+    Net loss 5,867,000 vs loss 8,405,000
+    Sales 51.9 mln vs 43.7 mln
+    Avg shrs 9,349,000 vs 8,966,000
+    NOTE: Prior year net includes tax credits of 1,827,000 dlrs
+in quarter and 5,347,000 dlrs in half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18754" NEWID="2336">
+<DATE> 5-MAR-1987 14:08:18.37</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0330&#31;reute
+f f BC-******YEUTTER-SAYS-U.   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>YEUTTER SAYS U.S. BUDGET DEFICIT REDUCTION KEY TO TRADE DEFICIT SOLUTION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18755" NEWID="2337">
+<DATE> 5-MAR-1987 14:08:39.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0332&#31;reute
+d f BC-CALPROP-CORP-&lt;CPP>-4T   03-05 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALPROP CORP &lt;CPP> 4TH QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 5 -
+    </DATELINE><BODY>Shr 40 cts vs 25 cts
+    Net 1,369,602 vs 628,193
+    Revs 12.5 mln vs 4,909,369
+    Avg shrs 3,460,217 vs 2,610,913
+    Year
+    Shr 97 cts vs 54 cts
+    Net 2,952,830 vs 1,414,369
+    Revs 37.0 mln vs 13.5 mln
+    Avg shr 3,031,494 vs 2,609,313
+    Note: Prior qtr and year per share figures restated for 10
+pct stock dividend of December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18756" NEWID="2338">
+<DATE> 5-MAR-1987 14:08:54.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0335&#31;reute
+d f BC-SIS-CORP-&lt;SISB>-YEAR   03-05 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIS CORP &lt;SISB> YEAR NET</TITLE>
+<DATELINE>    WESTLAKE, Ohio, March 5 -
+    </DATELINE><BODY>Shr one ct vs nil
+    Net 9,949,000 vs 3,799,000
+    Revs 15.5 mln vs 13.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18757" NEWID="2339">
+<DATE> 5-MAR-1987 14:08:59.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0336&#31;reute
+s f BC-AMOSKEAG-CO-&lt;AMOS>-SE   03-05 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOSKEAG CO &lt;AMOS> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 5 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Pay March 31
+    Record March Five
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18758" NEWID="2340">
+<DATE> 5-MAR-1987 14:09:04.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0337&#31;reute
+s f BC-MEDTRONIC-INC-&lt;MDT>-S   03-05 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDTRONIC INC &lt;MDT> SETS QUARTERLY</TITLE>
+<DATELINE>    MINNEAPOLIS, March 5 -
+    </DATELINE><BODY>Qtly div 22 cts vs 22 cts prior
+    Pay April 30
+    Record April 10 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18759" NEWID="2341">
+<DATE> 5-MAR-1987 14:09:06.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0338&#31;reute
+f f BC-CANADA-91-DAY-T-BILLS   03-05 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+****<TITLE>CANADA 91-DAY T-BILLS AVERAGE 7.29 PCT, MAKING BANK RATE 7.54 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18760" NEWID="2342">
+<DATE> 5-MAR-1987 14:10:04.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0341&#31;reute
+d f BC-SCITEX-CORP-&lt;SCIXF>-4   03-05 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCITEX CORP &lt;SCIXF> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 5 -
+    </DATELINE><BODY>Shr loss 46 cts vs loss 1.17 dlrs
+    Net loss 4,990,000 vs loss 12.8 mln
+    Revs 47.0 mln vs 42.3 mln
+    Year
+    Shr loss 3.08 dlrs vs loss 1.28 dlrs
+    Net loss 33.7 mln vs loss 13.3 mln
+    Revs 132.8 mln vs 132.5 mln
+    Avg shrs 10.9 mln vs 10.4 mln
+    NOTE: Includes losses of 501,000 vs 83,000 in qtr and 2.2
+mln vs 83,000 in year from equity of 50 pct-owned companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18761" NEWID="2343">
+<DATE> 5-MAR-1987 14:13:03.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0354&#31;reute
+h f BC-ENERGY-OPTICS-TO-DEVE   03-05 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY OPTICS TO DEVELOP RANGE-FINDER FOR ROBOT</TITLE>
+<DATELINE>    LAS CRUCES, N.M., March 5 - </DATELINE><BODY>&lt;Energy Optics Inc> said it has
+been selected by the U.S. Navy to develop a low cost, optical
+triangulation system.
+    Energy Optics said the Navy awareded a Phase I contract to
+investigate various analog and digital design alternatives and
+select the best for development and demonstration of a
+prototype.
+    The company's statement gave no value for this contract,
+but said this task is expected to take six months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18762" NEWID="2344">
+<DATE> 5-MAR-1987 14:13:58.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0357&#31;reute
+r f BC-STANLEY-WORKS-&lt;SWK>-M   03-05 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANLEY WORKS &lt;SWK> MAKES ACQUISITIONS</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Stanley Works said it has acquired Acme
+Holding corp, a maker of sliding and folding door hardware, and
+the designs, patents and other righs of Plan-A-Flex Designer
+Co, which provides kits for home design and remodeling
+projects.
+    It said Acme had 1986 sales of over 50 mln dlrs.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18763" NEWID="2345">
+<DATE> 5-MAR-1987 14:15:22.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0362&#31;reute
+d f BC-NYSE-SELLS-17-NYFE-SE   03-05 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE SELLS 17 NYFE SEATS</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>The New York Stock Exchange said it
+sold 17 seats on the New York Futures Exchange, three for 200
+dlrs, unchanged from the previous sale on February 25, and 14
+for 100 dlrs, down 100 dlrs.
+    The Exchange said the current bid is 100 dlrs and the
+current offer is 300 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18764" NEWID="2346">
+<DATE> 5-MAR-1987 14:15:27.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0363&#31;reute
+s f BC-ANITEC-IMAGE-TECHNOLO   03-05 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANITEC IMAGE TECHNOLOGY CORP &lt;ANTC> SETS PAYOUT</TITLE>
+<DATELINE>    BINGHAMTON, N.Y., March 5 -
+    </DATELINE><BODY>Qtly div 7-1/2 cts vs 7-1/2 cts prior
+    Pay April 10
+    Record March 27 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18765" NEWID="2347">
+<DATE> 5-MAR-1987 14:15:32.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0364&#31;reute
+s f BC-GREEN-MOUNTAIN-POWER   03-05 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREEN MOUNTAIN POWER CORP &lt;GMP> SETS QUARTERLY</TITLE>
+<DATELINE>    SOUTH BURLINGTON, Vt., March 5 -
+    </DATELINE><BODY>Qtly div 45 cts vs 45 cts prior
+    Pay March 31
+    Record March 20 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18766" NEWID="2348">
+<DATE> 5-MAR-1987 14:15:37.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0365&#31;reute
+s f BC-DUAL-LITE-INC-&lt;MDT>-S   03-05 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUAL-LITE INC &lt;MDT> SETS QUARTERLY</TITLE>
+<DATELINE>    NEWTOWN, Conn., March 5 -
+    </DATELINE><BODY>Qtly div eight cts vs eight cts prior
+    Pay May 11
+    Record April 24 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18767" NEWID="2349">
+<DATE> 5-MAR-1987 14:16:18.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0366&#31;reute
+u f BC-FED'S-JOHNSON-WARNS-U   03-05 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S JOHNSON WARNS U.S. BANKS ON LDC RIGIDITY</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Federal Reserve Board Vice Chairman
+Manuel Johnson said that some U.S. banks have been too rigid in
+talks with lesser developed countries on debt refinancings and
+warned that a breakdown of the renegotiation process could be
+harmful.
+    "There have been some difficulties in those negotiations ...
+banks have sometimes been too rigid," Johnson said in response
+to a question during an address before the Eastern Economic
+Association, an academic group.
+    "I think there have been potential breakdowns in that
+process," he said, adding that an actual breakdown "would be very
+unfortunate."
+    He declined to comment on the situation of specific nations
+and said it was not the Fed's role to become involved in such
+talks.
+    However, he said it was "always a little bit risky" for a
+heavily indebted nation to seek refinancing without first
+negotiating with the International Monetary Fund on economic
+reforms. He added that he remains optimistic that current talks
+would be resolved successfully.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18768" NEWID="2350">
+<DATE> 5-MAR-1987 14:17:42.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0370&#31;reute
+d f BC-SCIENCE-MANAGEMENT-CO   03-05 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCIENCE MANAGEMENT CORP &lt;SMG> 4TH QTR OPER NET</TITLE>
+<DATELINE>    BASKING RIDGE, N.J., March 5 -
+    </DATELINE><BODY>Oper shr profit 14 cts vs loss 31 cts
+    Oper net profit 374,000 vs loss 707,000
+    Revs 19.1 mln vs 15.5 mln
+    Avg shrs 2,610,000 vs 2,560,000
+    Year
+    Oper shr profit 20 cts vs loss 69 cts
+    Oper net profit 530,000 vs loss 1,376,000
+    Revs 69.1 mln vs 64.3 mln
+    Avg shrs 2,603,000 vs 2,565,000
+    NOTE: Excludes gain of 309,000 dlrs vs loss 72,000 dlrs in
+qtr and gains of 458,000 dlrs vs 23,000 dlrs in year from tax
+loss carryforwards. Includes gains of 76,000 dlrs and 378,000
+dlrs in 1985 qtr and year, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18769" NEWID="2351">
+<DATE> 5-MAR-1987 14:17:53.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0371&#31;reute
+u f BC-FED'S-JOHNSON-SEES-RI   03-05 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S JOHNSON SEES RISKS IN DEBT LOAD GROWTH</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Federal Reserve Board Vice Chairman
+Manuel Johnson said the rapid recent growth in corporate and
+household debt burdens posed risks to the economy but should be
+kept in perspective.
+    The heavy debt load "is one of our major concerns ... the
+risks are significant," he said in response to questions from
+the Eastern Economic Association, an academic group.
+    However, he added, the recent bull market on Wall Street
+had also made corporate equity levels soar, keeping corporate
+debt to equity ratios about constant.
+    Similarly, he said household net worth has increased at a
+faster pace than household debt "so that household debt-to-asset
+ratios have once again gone down."
+    Nonetheless, "I think that it's something to watch
+carefully, and obviously it's something we do," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18841" NEWID="2352">
+<DATE> 5-MAR-1987 14:18:23.25</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0373&#31;reute
+u f BC-YEUTTER-SAYS-BUDGET-C   03-05 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER SAYS BUDGET CUT KEY TO BETTER U.S. TRADE</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>A reduction of the U.S. federal budget
+deficit will be needed to help eliminate the nation's huge
+trade deficit, U.S. trade representative Clayton Yeutter said.
+    Speaking to the New York Chamber of Commerce and Industry,
+Yeutter said "Capital and trade flows are clearly
+inter-releated now.
+    "Unless we get the budget deficit down, we will not get the
+trade deficit down."
+    He did not elaborate on his views of the linkages between
+the two deficits.
+    Private analysts have said that the financing of large U.S.
+budget deficits requires heavy capital inflows from overseas
+investors through purchases of U.S. Treasury and, to a lesser
+extent, other U.S. securities as well.
+    "We'll make some progress in reducing the 170 billion dlr
+trade deficit in 1987, but there's still a long way to go,"
+Yeutter said.
+    He said the problem must be approached on many fronts and
+focus most strongly on U.S. and overseas fiscal and monetary
+policies to foster economic growth, U.S. competitiveness and
+the establishment of a "level playing field" for trade.
+    The U.S. trade representative said the Federal Reserve
+under Chairman Paul Volcker has done its part to improve the
+trade situation by getting interest rates down.
+    On the fiscal side, Yeutter said "the budget deficit is
+still our biggest problem" and there has not been enough
+progress toward reducing that deficit.
+    In the international area, he said that "our major trading
+partners could still do more to stimulate domestic growth."
+Commenting on Japan, which is running around a 80 billion dlr
+trade surplus with the United States, Yeutter said "Japan is
+just not doing the job on the import side."
+    Yeutter declined to comment on statements relating to the
+dollar made earlier today by Commerce Dept undersecretary of
+Economic Affairs Robert Ortner.
+    In a Washington address to an Export-Import Bank sponsored
+meeting, Ortner said he believed the dollar at current levels
+was fairly priced against most European currencies, but that
+the yen is 10 or 15 pct undervalued.
+    "The market will determine the dollar's proper value in the
+end," Yeutter said. However, he added that, if the U.S. and
+other nations do not take the necessary steps to cut the U.S.
+trade deficit, "the dollar will be the equalizer."
+    Yeutter said there is no quick fix to the trade problem and
+any resort to such tactics as protectionist trade legislation
+or trade restrictions poses real dangers.
+    He said "there's relatively little that Congress can do to
+legislate a solution to the trade problem."
+    Protectionist legislation will only provoke retaliation by
+U.S. trading partners, Yeutter said.
+    "There is no doubt in my mind about the willingness of our
+trading partners to retaliate against unfair trade
+legislation," Yeutter said, adding that policy flexibility is
+essential in solving international trade problems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18770" NEWID="2353">
+<DATE> 5-MAR-1987 14:19:07.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0375&#31;reute
+r f BC-CARMEL-CONTAINER-SYST   03-05 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARMEL CONTAINER SYSTEMS LTD&lt;KML> YEAR OPER NET</TITLE>
+<DATELINE>    NEW YORK, March 5 -
+    </DATELINE><BODY>Oper shr 1.18 dlrs vs 58 cts
+    Oper net 2,266,000 vs 1,037,000
+    Revs 45.8 mln vs 41.4 mln
+    Avg shrs 1,924,000 vs 1,800,000
+    NOTE: Excludes gain of 73,000 dlrs vs 290,000 dlrs from
+benefit of tax loss carryforward.
+    Results for Tel Aviv, Israel-based company translated at
+rate of one dlr to 1.485 new Israeli shekels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18771" NEWID="2354">
+<DATE> 5-MAR-1987 14:20:16.73</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>west-germany</D><D>uk</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0377&#31;reute
+d f BC-NEW-CURRENCY-PROBLEM   03-05 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW CURRENCY PROBLEM SEEN AMONG U.S, EUROPE, JAPAN</TITLE>
+<AUTHOR>    By Eric Hall, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 5 - </DATELINE><BODY>The highly visible drama involving the
+yen's sharp rise against the U.S. Dollar is obscuring the fact
+that the Japanese currency has hardly budged against major
+European currencies, thus creating a new set of exchange rate
+distortions, Japanese and European research officials said.
+    The officials, looking beneath the rhetoric of statements
+by the Group of Five (G-5) industrial nations, told Reuters the
+currency movements of the past two years are also creating a
+fundamentally new world trade picture, which is throwing up new
+trade tensions and imbalances.
+    Trade figures show that the new currency alignments are
+already changing the Japan-U.S. Trade axis into a Japan-
+European Community (EC) axis, to the discomfort of Europe.
+    In many ways, not least in terms of rare international
+cooperation, the September, 1985 New York Plaza pact between
+the U.S., Japan, West Germany, Britain and France to cut down
+the value of the dollar was a historic one.
+    But it is the underlying peaks and troughs of the major
+currency movements which lay bare the real picture, in which
+the Plaza pact appears as an event of prime importance, but not
+necessarily central significance, the officials said.
+    The officials said that when the Plaza agreement took
+place, the dollar was already on its way down. The agreement
+simply helped it on its way. Senior EC financial expert in
+Tokyo Tomas de Hora has watched the movements closely.
+    "You have to look at the dollar's peak compared with now,
+and that was well before Plaza," he said.
+    On February 25, 1985, the dollar peaked against the yen at
+263.15 yen. On September 20, the Friday before Plaza, it was
+242. Since then, despite massive Bank of Japan intervention and
+periodic market frights about further G-5 concerted action, the
+dollar trend has been down, down, down.
+    Yet the ECU is now around 173.4 yen. The historical cross
+rates for sterling and the mark tell much the same story. The
+European currencies are moving back up against the yen.
+    The close relationship between exchange rates and trade
+flows makes it difficult to see which is driving which, but
+undoubtedly the trade equation between the big three is
+changing. In 1986, Japanese imports and exports with the EC
+both grew by around 50 pct in dollar terms, five pct in yen.
+This gave Japan a 16 billion dlr trade surplus.
+    Last January, Japanese exports to the EC totalled half of
+of sales to the U.S, against about a third in recent years.
+    Trade with the U.S in 1986 rose 23 pct for exports and 12
+pct for imports in dollar terms, but fell 13 pct for exports
+and 21 pct for imports in yen terms.
+    "The basic meaning for Europe is that Japanese firms have a
+tremendous interest in exporting to Europe, where every unit
+sold maximises profits in yen terms, which is what is important
+to them. Suddenly, instead of the U.S., It is Europe that is
+laying the golden egg," said de Hora.
+    The EC is worried. EC business also had a remarkable year
+in Japanese sales, but this can be explained partly due to its
+start from a small base, compared with total Japan-U.S. Trade.
+    The Japanese think EC firms are now more competitive than
+U.S. Firms, a factor which is aggravating the exchange rate
+imbalance, and which will cause problems.
+    "This currency alignment between Japan and the EC is
+reflecting the excellent performance of the EC countries. But
+therefore, Japanese goods may keep their price competitive
+edge," said Azusa Hayashi, Director of the First International
+Economic Affairs Division of the Foreign Ministry. "If you want
+my objective view, I don't expect a drastic improvement in our
+trade imbalance. Last year, we asked for moderation in exports,
+and this year we may have to do so again," he said.
+ REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18772" NEWID="2355">
+<DATE> 5-MAR-1987 14:20:53.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0379&#31;reute
+u f BC-WORLD-BANK-HEAD-SAYS   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK HEAD SAYS BRAZIL MORATORIUM TEMPORARY</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>World Bank president Barber Conable
+said he believed that Brazil would come up with a medium term
+economic plan and that the current debt moritorium would be
+temporary.
+    Speaking briefly to reporters following an address before
+the Export-Import Bank, Conable said that the bank had been
+urging the Brazilian government to come up with a specific plan
+designed to work the country out of its present economic
+difficulty.
+    "Brazil would like to come up with such a plan," he said,
+adding: "the moritorium is likely to be a temporary affair."
+    During his formal remarks, Conable made it clear that he
+believed Brazil must take some specific internal action.
+    He said "they have everyone's attention but it must be
+followed by a construtive plan."
+    He said that he expected Brazilian Finance Minister Dilson
+Funaro, who he met with last week to discuss the Brazilian debt
+suspension action, to return for further discussion but did not
+currently have a specific meeting arranged.
+    Conable also told the gathering of mostly commericial
+bankers that in order for the Baker debt initiative to work all
+parties to the program must be on board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18773" NEWID="2356">
+<DATE> 5-MAR-1987 14:23:03.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0390&#31;reute
+r f BC-AMERICAN-HOME-&lt;AHP>-U   03-05 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN HOME &lt;AHP> UNIT TO GET RIGHTS TO DRUG</TITLE>
+<DATELINE>    TORONTO, March 5 - </DATELINE><BODY>Polydex Pharmaceuticals Ltd &lt;POLYXF>
+said the Canadian unit of American Home Products Corp's Ayerst
+Labs subsidiary will probably receive marketing and
+distribution rights to its cholesterol lowering drug Dexide,
+now in clinical trials in Canada.
+    George Usher, president of Dextran Products Limited, the
+Canadian subsidiary of Polydex, said that the company will file
+in August to both U.S. and Canadian regulatory authorities to
+receive marketing approval for the drug. He also said that
+American Home Products would quite possibly get distribution
+rights to the drug in the U.S.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18774" NEWID="2357">
+<DATE> 5-MAR-1987 14:23:17.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0392&#31;reute
+u f BC-TANDEM-COMPUTERS-&lt;TND   03-05 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDEM COMPUTERS &lt;TNDM> SEES HIGHER NET</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Tandem Computers Inc said it expects
+higher earnings and revenues in its second fiscal quarter
+ending March 31 against a year ago.
+    "We feel we will continue to see higher growth in the
+quarter," James Treybig, president and and chief executive
+officer, told a meeting of securities analysts.
+    In the second fiscal quarter last year, Tandem earned
+9,950,000 dlrs or 29 cts per share on revenues of 176.3 mln
+dlrs.
+    Treybig declined to offer specific projections for the
+quarter but he said the results might be lower than those for
+the first quarter of fiscal 1987, when Tandem earned 27.1 mln
+dlrs or 58 cts a share. He said Tandem's second quarter is
+traditionally slower than the first.
+    L.F. Rothschild Unterberg Towbin analyst Frederic Cohen
+estimated Tandem's second quarter net at 40 to 45 cts per
+share. For the full year, he said he expects the computer maker
+to earn about 2.40 dlrs a share. In fiscal 1986, Tandem earned
+1.44 dlrs a share.
+    Treybig, who founded the Cupertino, Calif.-based company,
+said he has seen a rebound in computer orders in the United
+States. "The U.S. economy is picking up, and buying decisions
+are being made. We didn't see that a year ago," he said.
+    The executive said Tandem will increase its research and
+development spending to about 100 mln dlrs this year from 87
+mln dlrs in fiscal 1986.
+    He said the company plans to introduce several products,
+including two low-end systems and a data base that uses the SQL
+programming language, an industry standard. Tandem also won a
+major order from the &lt;Bank of Tokyo>.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18775" NEWID="2358">
+<DATE> 5-MAR-1987 14:24:43.70</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0393&#31;reute
+f f BC-******FED'S-JOHNSON-S   03-05 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS HE DOES NOT SEE INCREASING PRESSURE ON INTEREST RATES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18776" NEWID="2359">
+<DATE> 5-MAR-1987 14:28:01.93</DATE>
+<TOPICS><D>trade</D><D>sugar</D><D>cotton</D><D>groundnut</D><D>oilseed</D></TOPICS>
+<PLACES><D>australia</D><D>usa</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0397&#31;reute
+u f AM-GATT-AGRICULTURE   03-05 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA ATTACKS U.S. GATT FARM RULES EXEMPTION</TITLE>
+<DATELINE>    GENEVA, March 5 - </DATELINE><BODY>Australia accused the U.S. of increasing
+protectionism on agricultural products and called for an end to
+Washington's special 32-year exemption from certain GATT rules
+on agricultural trade.
+    Robert Arnott, Australia's delegate to the General
+Agreement on Tariffs and Trade (GATT), made the appeal at a
+special annual meeting which reviews the 1955 U.S. waiver.
+    "Australia today said the United States' goals of reducing
+U.S. barriers to agricultural trade were being contradicted by
+actions which in fact increased protection in trade in
+agriculture," the Australian delegation said in a statement.
+    "The United States section 22 waiver is one of the basic
+flaws in the GATT coverage of agriculture," Arnott told the
+meeting.
+    Arnott said the waiver had continually been used as a
+justification for "dubious protective measures" by the U.S. He
+listed a recent Dairy Export Incentive Program and steps to
+close the U.S. sugar market to imports.
+    He also told Reuters the waiver allowed Washington to
+impose quotas on imports of farm products where it had domestic
+support programs. This covered imports of dairy products,
+peanuts, cotton and sugar.
+    Asked to comment, Michael Samuels, U.S. ambassador to the
+GATT, told Reuters: "These charges have been made since the very
+beginning. The waiver is part of domestic U.S. agricultural
+policy, part of our law when we joined the GATT".
+    "We have agreed to put the waiver on the table during the
+Uruguay Round and invite other countries to do the same with
+their programs. We can negotiate them all," Samuels added.
+    Ninety-two nations are taking part in the four-year Uruguay
+round of talks launched in Punta del Este last September.
+Bargaining in agricultural goods and services (banking,
+tourism, insurance) is included for the first time as well as
+manufactured goods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18777" NEWID="2360">
+<DATE> 5-MAR-1987 14:33:03.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0409&#31;reute
+r f BC-&lt;FREYMILLER-TRUCKING   03-05 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FREYMILLER TRUCKING INC> SETS INITIAL OFFER</TITLE>
+<DATELINE>    BAKERSFIELD, Calif., March 5 - </DATELINE><BODY>Freymiller Trucking inc said
+it has filed for an initial public offering of one mln common
+shares, including 250,000 to be sold by its principal
+shareholder.
+    Lead underwriters are Alex. Brown and Sons Inc &lt;ABSB> and
+Bateman Eichler, Hill Richards Inc.
+    Freymiller is a long-haul truckload carrier specializing in
+temperature-controlled and time-sensitive deliveries.  It said
+proceeds will be used to reduce debt and buy equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18778" NEWID="2361">
+<DATE> 5-MAR-1987 14:33:41.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0413&#31;reute
+r f BC-MANOR-CARE-&lt;MNR>-NAME   03-05 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANOR CARE &lt;MNR> NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    SILVER SPRING, Md., March 5 - </DATELINE><BODY>Manor Care Inc said vice
+chairman Stewart Bainum Jr., 40, has been named chairman and
+chief executive officer, succeeding his father Stewart Bainum
+Sr., 67, who becomes vice chairman and chairman of the finance
+committee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18779" NEWID="2362">
+<DATE> 5-MAR-1987 14:36:31.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0420&#31;reute
+d f BC-VW-EXPECTS-FURTHER-FA   03-05 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW EXPECTS FURTHER FALL IN U.S. SALES IN 1987</TITLE>
+<DATELINE>    WOLFSBURG, March 5 - </DATELINE><BODY>Volkswagen AG &lt;VOWG.F> expects
+currency factors to cause a further drop in its U.S. Sales in
+1987 following a 5.2 pct sales decline in the United States in
+1986, board member Karl-Heinz Briam said.
+    Briam, who described the current situation of the U.S.
+Market as critical, also said VW was uncertain whether it would
+be able in 1987 to fully match its record 1986 European sales.
+    In 1986 the VW group, which includes Audi AG &lt;NSUG.F>,
+delivered a record 981,000 vehicles to European markets outside
+of West Germany, a rise of 5.1 pct against 1985, Briam told a
+regular quarterly meeting of the Wolfsburg plant's workforce.
+    Briam said sales conditions in Europe had generally become
+more difficult in 1987 because of weaker growth rates and
+fiercer competition in the region.
+    Briam gave no forecast for VW domestic sales. But he said
+car sales in West Germany for all manufacturers combined would
+probably fall by a slight three to four pct from 1986's record
+2.73 mln because car sales in West Germany had likely passed
+their peak for this business cycle.
+    Summing up his predictions, Briam said limits to growth
+were becoming apparent on the VW group's most important markets
+but there were no grounds for great worries.
+    The automobile industry, as far as VW was concerned, had
+entered its fourth consecutive good year, with VW's incoming
+orders and sales remaining favourable overall, he said.
+    Briam, who is VW's director of labour relations, also said
+VW currently had no plans for further increases in its
+workforce.
+    He told the plant's workforce that an
+internationally-active company like VW must be able to adjust
+to changed economic conditions and manage situations in which
+unfavourable currency relations restrict its room for financial
+maneuver.
+    Briam said VW needed to hold and expand market share in
+order to overcome its cost disadvantages compared with some of
+its foreign competitors, particularly those in the Far East.
+    This could only be done if capital-intensive plants were
+used as fully as possible, if the workers' qualifications were
+raised through comprehensive training and if working hours were
+arranged so that expensive production plants operated as
+efficiently and soundly as possible.
+    The metalworkers union IG Metall has said it plans to push
+for a 35-hour working week in its sector of West Germany
+industry this year.
+    Walter Hiller, the chairman of VW's works council, told the
+same Wolfsburg meeting that a cut in the working week to 35
+hours was necessary to help reduce unemployment.
+    He said the works council was prepared to negotiate on
+making working hours more flexible to suit the needs of both
+the company and the workforce.
+    A seven-week strike by IG Metall in the summer of 1984 for
+a 35-hour week in the West German metal industry ended in a
+compromise that cut hours to 38.5 hours but also allowed each
+company in the industry to decide, in consultation with the
+workforce, how the reductions should be made.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18780" NEWID="2363">
+<DATE> 5-MAR-1987 14:37:54.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0427&#31;reute
+r f BC-FREEPORT-MCMORAN-GOLD   03-05 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEPORT-MCMORAN GOLD &lt;FAU> IN JOINT VENTURE</TITLE>
+<DATELINE>    NEW ORLEANS, LA., March 5 - </DATELINE><BODY>Freeport-McMoran Gold Co (FMG),
+a unit of Freeport-McMoran Inc &lt;FTX>, said it will explore and
+develop gold properties in Canada in a joint venture with &lt;Aber
+Resources Ltd> and &lt;Highwood Resources Ltd>, both Canadian
+companies.
+    FMG said the area is located on the Bugow property on the
+northeast arm of Great Slave Lake, about 75 miles from
+Yellowknife, Northwest Territories, Canada.
+    FMG said that under the agreement it will either spend 7.4
+mln dlrs over the next four years, or bring the property into
+the feasibility stage over that time.
+    FMG said during that time it will pay Aber and Highwood
+775,000 dlrs in cash that, together with the 7.4 mln dlrs, will
+earn FMG a 51 pct interest in all leases and claims.
+    FMG said all expenditures and payments are in Canadian
+dollars.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18781" NEWID="2364">
+<DATE> 5-MAR-1987 14:43:46.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>haughey</D><D>delors</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0440&#31;reute
+r f BC-HAUGHEY-TO-SEEK-EC-AD   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAUGHEY TO SEEK EC ADVICE ON IRISH DEBT</TITLE>
+<DATELINE>    BRUSSELS, March 5 - </DATELINE><BODY>Charles Haughey, leader of the Irish
+party Fianna Fail, said if he becomes prime minister following
+last month's Irish general election, he will seek the advice of
+the EC Commission on management of the country's 24 billion
+punt foreign debt.
+    Haughey told a news conference he is confident of being
+asked to form a government when the Irish parliament meets next
+Tuesday. Fianna Fail won 81 of the 166 seats in the February 17
+poll. Haughey said an offer of Commission help on debt
+management was made to him today by Commission president
+Jacques Delors.
+    Haughey said:" Delors assured me we could have full recourse
+to the Commission for advice, guidance and expert skills in
+dealing with our overall financial problems, particularily in
+the matter of debt management."
+    Noting current debt servicing charges are about two billion
+punts a year, he added :"If we could achieve any significant
+improvement in the management and reduction in the cost of
+servicing, it could have significant budgetary benefits."
+    He added that he would seek advice, not a Community loan.
+    However, Haughey said Ireland had in the past used its
+position within the EMS to make borrowings in Europe at
+favorable interest rates, notably for onlending to its farming
+sector.
+    "It is a mechanism which we have availed ourselves of before
+and we would look at it again," he said.
+     Haughey said he regarded as "almost paramount" the
+maintenance of the punt's current position within the European
+Monetary System.
+    He criticized the attitude of the outgoing Irish government
+in recent EMS realignments -- the punt was devalued by eight
+pct last August.
+    "Until 1983, the policy of the Irish government was to was
+to adopt a neutral stance in any realignments within the EMS. I
+believe that policy was right," Haughey said.
+                     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18782" NEWID="2365">
+<DATE> 5-MAR-1987 14:44:17.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0441&#31;reute
+r f BC-FIRST-UNION-&lt;FUNC>-TO   03-05 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION &lt;FUNC> TO BUY FLORIDA BANK</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., March 5 - </DATELINE><BODY>First Union Corp said it has
+agreed to acquire First State Bancshares Inc of Pensacola,
+Fla.,  and its First State Bank of Pensacola subsidiary for
+about 457,000 common shares.
+    First State has assets of about 110 mln dlrs.  The
+acquisition, expected to be treated as a pooling of interests,
+is expected to be completed in the third quarter of 1987
+subject to approval by regulatory agencies and First State
+shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18783" NEWID="2366">
+<DATE> 5-MAR-1987 14:45:25.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0444&#31;reute
+u f BC-OPPENHEIMER-RAISES-NW   03-05 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPPENHEIMER RAISES NWA &lt;NWA> EARNINGS ESTIMATE</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Oppenheimer and Co analyst Robert
+McAdoo raised his 1987 earnings estimate for NWA Inc, parent of
+Northwest Airlines, following a strong quarterly report by the
+company yesterday, according to Oppenheimer market strategist
+Michael Metz.
+    NWA shares rose 1-5/8 to 74-3/8 in active trading.
+    McAdoo raised his 1987 estimate to 7.50 dlrs a share from
+five dlrs and maintained a buy recommendation on the stock,
+Metz said.
+    McAdoo was traveling and could not be reached for comment.
+    Yesterday, Minneapolis-based NWA reported fourth quarter
+net of about 9.8 mln dlrs or 45 cts a share against a loss of
+two mln dlrs or nine cts in the 1985 quarter.
+    For the year, earnings rose to 76.9 mln dlrs or 3.26 dlrs
+from 73.1 mln or 3.18 dlrs. The 1986 results include Republic
+Airlines since NWA acquired it Aug 12, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18784" NEWID="2367">
+<DATE> 5-MAR-1987 14:47:47.62</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0453&#31;reute
+b f BC-HOUSE-0/92-FARM-PROPO   03-05 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE 0/92 FARM PROPOSAL SEEN SPARKING DEBATE</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>A House Agriculture Committee meeting
+later today to draft a disaster aid bill is expected to spark a
+debate between lawmakers who want to expand the 0/92, or
+"de-coupling," provision to cover feedgrains, and those who
+oppose 0/92 or want it severely limited, Congressional sources
+said.
+    The disaster aid bill as it now stands calls for a one-year
+0/92 pilot program for 1987 crop wheat and the 1988 winter
+wheat crop. The bill would allow farmers to forego planting and
+still receive 92 pct of deficiency payments.
+    The administration has strongly urged that the bill be
+expanded to feedgrains and to more than one year.
+    It is difficult to tell in what form the 0/92 provision
+will emerge from the committee, the sources said.
+    Proponents of an expansion of 0/92 maintain there are large
+estimated cost savings of such a bill -- ranging from estimates
+by the administration of 200 to 500 mln dlrs.
+    Opposition to a reopening of the 1985 farm bill at this
+time is the major reason cited by those against an expansion of
+the bill, committee staffers said.
+    The 0/92 plan is scheduled to be discussed at 1530 EST. A
+conflicting floor vote delayed the start of the meeting, and
+staffers said it may have to be delayed even until next week.
+    Such a delay would not bode well for proponents of an
+expanded 0/92 program, since spring planting in many areas of
+the country will be underway in the next few weeks and signup
+for the 1987 wheat and feedgrains program ends March 30.
+    Farmers are now making their planting decisions, so
+something has to be done quickly if a 0/92 program is to be
+implemented, an Agriculture Department source said.
+    An expansion of 0/92 to feedgrains was opposed in last
+week's subcommittee hearing on the bill, with subcommittee
+chairman Dan Glickman, D-Kan., saying that more study of the
+consequences of decoupling on feedgrains plantings was
+necessary.
+    Major commodity groups, including the National Corn
+Growers, the American Farm Bureau and the National Cattlemen's
+Association, have voiced strong opposition to 0/92.
+    But proponents of an expanded 0/92 argue that the bill
+currently is not equitable for all grains producers, so it
+should be extended to other crops.
+    There will be difficulty in limiting 0/92 to wheat, said
+Gene Moos, aide to house majority leader Tom Foley, D-Wash.
+    Projected cost savings, in the current atmosphere of try to
+decrease farm expenditures, would also be hard to ignore in the
+debate to expand the 0/92 application, Moos said.
+    Rep. Charles Stenholm, D-Tex., may be planning to introduce
+a bill to restrict 0/92 to only 1987 crop wheat, with the
+argument that now is not the time to vote in favor of any major
+changes in the farm bill.
+    "Stenholm's bill is not a rejection of 0/92, only of the
+timing," a congressional staff member said.
+    Rep. Arland Stangeland (R-Minn.) is reported to have an
+amendment to expand the 0/92 provision to 1987 and 1988
+feedgrains.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18785" NEWID="2368">
+<DATE> 5-MAR-1987 14:48:01.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0455&#31;reute
+r f BC-PENNEY-&lt;JCP>-TO-SELL   03-05 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNEY &lt;JCP> TO SELL TELEMARKETING SERVICES</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>J.C. Penney Co said it will sell
+telemarketing services to other companies through a newly
+established wholly-owned subsidiary, Telemarketing Network Inc.
+    The New York-based subsidiary will use a network of 14
+telemarketing centers Penney has already established. The
+centers are part of its catalog marketing operation.
+    A large domestic motel chain already uses the network for
+its reservations services, Penney said.
+    Frank Engels, director of telemarketing, was named chairman
+of the new subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18786" NEWID="2369">
+<DATE> 5-MAR-1987 14:48:26.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0458&#31;reute
+r f BC-ZEHNTEL-&lt;ZNTL>-FILES   03-05 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZEHNTEL &lt;ZNTL> FILES FOR DEBT OFFERING</TITLE>
+<DATELINE>    WALNUT CREEK, Calif., March 5 - </DATELINE><BODY>Zehntel Inc said it filed a
+registration statement with the Securities and Exchange
+Commission covering a proposed public offering of 13.5 mln dlrs
+principal amount of convertible subordinated debentures.
+    The offering will be managed by Sutro and Co Inc, Zehntel
+said.
+    It said proceeds from the proposed sale will be used to
+repay bank debt, fund a deposit of the first three interest
+payments on the debenture, repurchase 350,000 common shares at
+4.46 dlrs per share from former parent company Plantronics Inc
+&lt;PLX> and to fund future product development and marketing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18787" NEWID="2370">
+<DATE> 5-MAR-1987 14:49:38.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0464&#31;reute
+r f BC-YELLOW-FREIGHT-&lt;YELL>   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YELLOW FREIGHT &lt;YELL> SEES LOWER 1ST QTR NET</TITLE>
+<DATELINE>    ST. LOUIS, MO., March 5 - </DATELINE><BODY>Yellow Freight System Inc said
+its expects 1987 first quarter profits to be substantially
+below the 14.2 mln dlrs or 50 cts a share earned in the same
+period a year ago.
+    Revenues have been depressed by recent price discounting,
+added costs from expansion programs, lower shipping volumes and
+increased costs associated with severe weather conditions
+on the East coast, company officials told analysts here.
+    An industry-wide rate hike of 2.9 pct, set for April one,
+will cover Yellow Freight's upcoming labor and other costs but
+will not make a contribution to operating margins, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18788" NEWID="2371">
+<DATE> 5-MAR-1987 14:50:00.09</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0465&#31;reute
+r f BC-NOVA-SUBSIDIARY-RAISE   03-05 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVA SUBSIDIARY RAISES U.S. POLYETHYLENE PRICES</TITLE>
+<DATELINE>    CALGARY, Alberta, March 5 - </DATELINE><BODY>Novacor Inc, a unit of &lt;Nova,
+an Alberta Corp>, said it would raise prices for U.S. customers
+by five cts a pound on linear low-density and low-density
+polyethylene, effective April 1.
+    The company did not immediately disclose the actual new
+prices.
+    A Novacor official later said in reply to an inquiry that
+the new prices, effective April 1, would range from 31 U.S. cts
+a pound to about 38 cts.
+    The official said the increase reflected improved market
+conditions, although he noted the new prices would still be
+lower than those of three years ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18789" NEWID="2372">
+<DATE> 5-MAR-1987 14:50:20.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0466&#31;reute
+r f BC-GM-&lt;GM>-CLOSING-TWO-P   03-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> CLOSING TWO PLANTS TEMPORARILY</TITLE>
+<DATELINE>    DETROIT, March 5 - </DATELINE><BODY>General Motors Corp said it is closing
+two plants for brief periods in March, placing 5,500 on
+temporary layoff for up to two weeks.
+    The company said its Hamtramck Buick-Oldsmobile-Cadillac
+assembly plant in Detroit will be down from March 9 to March 16
+due to excess inventory of several models, placing 2,000
+workers on temporary layoff.
+    Its Chevrolet-Pontiac-GM of Canada assembly facility in
+Norwood, Ohio, will be closed two weeks from March 9 to 23 due
+to material shortages, affecting 3,500. There is no change in
+the 37,000 hourly workers out of work indefinitely.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18790" NEWID="2373">
+<DATE> 5-MAR-1987 14:50:45.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0467&#31;reute
+r f BC-BANKERS-TRUST-&lt;BT>-SE   03-05 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST &lt;BT> SELLS EQUITY CONTRACT NOTES</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Bankers Trust Co is raising 200 mln
+dlrs through an offering of subordinated equity contract notes
+due 1997 with an eight pct coupon and par pricing, said lead
+manager Shearson Lehman Brothers Inc.
+    That is 87 basis points more than the yield of comparable
+Treasury securities.
+    Non-callable to maturity, the issue is rated Aa-3 by
+Moody's Investors Service Inc and AA by Standard and Poor's
+Corp. Salomon Brothers Inc co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18791" NEWID="2374">
+<DATE> 5-MAR-1987 14:56:28.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0476&#31;reute
+d f BC-MOULINEX-STAKE-SOLD-T   03-05 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOULINEX STAKE SOLD TO SOME 50 INSTITUTIONS</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The 20 pct stake in Moulinex SA &lt;MOUP.PA>
+sold by &lt;Scovill Inc> of the U.S. Was spread among at least 50
+institutional investors worldwide, a spokesman for brokers
+James Capel said. Capel handled the deal.
+    The buyers were based in centers ranging from Europe to
+North America and Japan, he added.
+    Moulinex's capital is split among Jean Mantelet, president
+of the company, with 42 pct, along with private investors
+holding 38 pct and the 20 pct which has just been sold, company
+sources said earlier in Paris.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18792" NEWID="2375">
+<DATE> 5-MAR-1987 14:56:56.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>icahn</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0477&#31;reute
+u f BC-TALKING-POINT/PIEDMON   03-05 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/PIEDMONT &lt;PIE></TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Carl Icahn's bold takeover bid for
+USAir Group &lt;U> has clouded the fate of Piedmont Aviation Inc,
+which was being courted by USAir.
+    Yesterday, Icahn's Transworld Airlines Inc &lt;TWA> made a 1.4
+billion dlr offer for USAir Group. The move complicated a USAir
+takeover offer for Piedmont, which was believed to be close to
+accepting the bid.
+    Today, USAir rejected Icahn's 52 dlr per share offer and
+said the bid was a last-minute effort to interfere in its
+takeover of Piedmont. Icahn was unavailable for comment.
+    Piedmont fell one to 68-5/8 on volume of 963,000. TWA was
+off 3/8 to 31-1/2. USAir fell 1-3/8 to 47-3/4 as doubt spread
+it would be taken over.
+    Analysts and market sources view the TWA bid as an attempt
+to either trigger a counter offer from USAir or to attract a
+suitor who might want both airlines once they merged.
+   "The next move is either Icahn starts a tender offer or
+Piedmont and USAir announce a deal," speculated one arbitrager.
+    Some arbitragers said there is now some risk in the current
+price of Piedmont since it is not clear that USAir's bid will
+succeed.
+    Piedmont's largest shareholder and other suitor, Norfolk
+Southern Corp &lt;NSC> has offered 65 dlrs per share for the
+company. USAir offered 71 dlrs cash per share for half of
+Piedmont stock, and 73 dlrs per share in stock for the balance.
+    Some arbitragers, however, believe the depressed price of
+Piedmont offers a buying opportunity since the airline is
+destined to be acquired by someone. USAir, they said, is the
+least likely to be bought.
+    Icahn, who has long talked about further consolidation in
+the airline industry, also offered USAir the alternative of a
+three-way airline combination, including TWA and Piedmont.
+    But Wall Street has given little credibility to Icahn's
+offer, which lacked financing and was riddled with
+contingencies.
+    Still, he has succeeded in holding up a merger of two
+airlines - both of which analysts said would fit well with TWA.
+    "You can't discount him," said one arbitrager.
+    Analysts, however, said Icahn would have to prove he is
+serious by following through with his threats or making a new
+offer. In making the offer for USAir, Icahn threatened to go
+directly to shareholders for 51 pct of the stock at a lower
+price if USAir rejected his offer.
+    "It's clear Icahn wants to sell and he's bluffing," said
+one arbitrager.
+    Analysts said the 52 dlr per share offer was underpriced by
+about six dlrs per share.
+    Some analysts believe Icahn's proposed three-way airline
+combination might face insurmountable regulatory hurdles, but
+others believe it could be cleared if the companies are
+acquired separately.
+    "TWA would have to be the surviving company for the deal to
+work," said one analyst.
+    Analysts said such a merger would be costly and
+complicated. TWA has the best cost structure, since Icahn
+succeeded in winning concessions from its unions.
+    In order for the other carriers to come down to TWA's wage
+scale in a merger, TWA would have to be the surviving entity,
+analysts said.
+    Such a move does not necessarily free Icahn of TWA, they
+said. They said he showed skill in reducing Ozark Airlines'
+costs when he merged it into TWA last year, and he might be a
+necessary ingredient for a merger to work.
+    However, other analysts speculated the managements of
+Piedmont and USAir would not tolerate Icahn as head of a new
+company. They said a USAir acquisition of TWA might be a way
+for him to exit the company if USAir's airline is then merged
+into TWA.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18793" NEWID="2376">
+<DATE> 5-MAR-1987 14:59:07.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0482&#31;reute
+u f BC-BAKER-INTERNATIONAL-(   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER INT'L &lt;BKO> HOPES TO COMPLETE MERGER</TITLE>
+<DATELINE>    HOUSTON, March 5 - </DATELINE><BODY>Baker International Corp treasurer Eric
+Mattson said the company hoped to iron out snags in a proposed
+merger with Hughes Tool Co &lt;HT> but declined to say if or what
+compromises might be acceptable to it.
+    The proposed merger that would create a 1.2 billion dlr
+oilfield services company was thrown into limbo yesterday when
+Hughes management, balking at the terms of a government consent
+decree, offered a counter-proposal to Baker.
+    Earlier today, Hughes adjourned a shareholders meeting
+called to vote on the proposed merger until March 11 and said
+it hoped to resume negotitations with Baker.
+    Hughes chairman W.A. Kistler told reporters that Hughes did
+not want to sign the Department of Justice consent decree until
+after Baker's submersible pump and drilling bit operations were
+sold.
+    Mattson told Reuters that Baker still believed a merger was
+possible between the two giant oilfield service companies.
+    "The company's position is we would like to see the merger
+be completed, which is in the best interests of our
+shareholders and their shareholders," Mattson said.
+    "Our goal is for a merger to occur. Because of the
+litigation, I can't go any further than that," he said.
+    Baker filed a lawsuit in Texas state court late yesterday
+to force Hughes to abide by terms of the proposed consent
+decree.
+    Mattson also declined to comment on whether the directors
+of Baker and Hughes have scheduled any meetings to discuss the
+merger.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18794" NEWID="2377">
+<DATE> 5-MAR-1987 15:01:20.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0487&#31;reute
+b f BC-******LUCKY-STORES-IN   03-05 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LUCKY STORES INC REINSTATES QUARTERLY DIVIDEND AT 12.5 CTS PER SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18795" NEWID="2378">
+<DATE> 5-MAR-1987 15:02:06.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0491&#31;reute
+u f BC-EASTERN-AIRLINES-&lt;EAL   03-05 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTERN AIRLINES &lt;EAL> FEBRUARY LOAD FACTOR UP</TITLE>
+<DATELINE>    MIAMI, March 5 - </DATELINE><BODY>Eastern Airlines Inc said its February
+load factor rose 6.73 percentage points to 64.91 pct from 58.18
+pct a year ago.
+    The company said February revenue passenger miles rose 21.8
+pct to 3.02 billion from 2.48 billion a year ago. Available
+seat miles in the month of February rose 9.2 pct to 4.66
+billion from 4.27 billion a year ago.
+    For the year-to-date period, load factor was up 4.64
+percentage points to 61.96 pct from 57.32 pct a year ago, the
+company said. Revenue passenger miles rose 14.5 pct to 6.01
+billion, and available seat miles rose 5.9 pct to 9.70 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18796" NEWID="2379">
+<DATE> 5-MAR-1987 15:03:21.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0499&#31;reute
+u f BC-HOMESTEAD-FINANCIAL-&lt;   03-05 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOMESTEAD FINANCIAL &lt;HFL> UPS CASH DIVIDEND</TITLE>
+<DATELINE>    BURLINGHAME, Calif., March 5 - </DATELINE><BODY>Homestead Financial Corp
+said it has increased the dividend on its Class A common shares
+to 6-1/4 cts a share, from five cts prior, while declaring an
+initial dividend on its Class B common stock of 3-3/4 cts a
+share.
+    Homestead said the two classes of stock emerged as part of
+its recapitalization plan which also doubled the number of
+authorized common, comprising both classes, to 11 mln shares.
+    Homestead said the dividends are payable on April 6, to
+shareholders of record March 20.
+    Homestead also said that class b shareholders who want to
+increase their dividends may exchange their shares for an equal
+number of class A shares on or before March 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18797" NEWID="2380">
+<DATE> 5-MAR-1987 15:04:15.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0505&#31;reute
+h f BC-ELECTRO-SENSORS-INC-&lt;   03-05 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRO-SENSORS INC &lt;ELSE> YEAR OPER NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 5 -
+    </DATELINE><BODY>Oper shr 52 cts vs 51 cts
+    Oper net 626,013 vs 613,127
+    Sales 4,544,929 vs 4,402,572
+    NOTE: Earnings exclude extraordinary securities loss of
+29,532 dlrs, or two cts a share vs a gain of 81,358 dlrs, or
+seven cts a share
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18798" NEWID="2381">
+<DATE> 5-MAR-1987 15:13:00.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0535&#31;reute
+r f AM-TRW   03-05 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRW &lt;TRW> PROMISES TO CORRECT CONTRACT PRACTICES</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The chairman of TRW, inc said his
+company had overcharged the government on defense contracts but
+promised to prevent the improper conduct from recurring.
+    "There were a number of instances of mischarging and other
+irregularities in TRW's defense contracting business," TRW
+chairman Ruben Mettler said in testimony to the House Oversight
+subcommittee.
+    "As the person ultimately responsible for the management of
+TRW, I am determined to do everything in my power to prevent
+any recurrence," Mettler said.
+    TRW holds over 3 billion dlrs in defense contracts.
+    Subcommittee chairman John Dingell, a Michigan Democrat,
+said TRW was being sued by the Justice Department and was being
+investigated by federal grand juries in Colorado and Cleveland.
+    Mettler said the overcharges had been uncovered by TRW's
+internal procedures and all were reported to the government.
+    "In every case we advised the government of our findings and
+committed to make restitution. We immediately put a stop to the
+practices in question and disciplined those who were culpable,"
+he said.
+    Mettler said TRW had hired a new chief financial officer, a
+vice president of internal audit and a corporate controller. He
+said the internal audit department was being strengthened and a
+corporate review board had been established to monitor
+compliance activities.
+    He said a business ethics and conduct council had also been
+created and over 15,000 managers and employees would be given
+training programs on contract compliance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18799" NEWID="2382">
+<DATE> 5-MAR-1987 15:13:14.77</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>soybean</D><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0536&#31;reute
+b f BC-/CHINA-ADDS,-CANCELS   03-05 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA ADDS, CANCELS WHEAT COMMITMENTS - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>China has added 90,000 tonnes of U.S.
+wheat to its purchases for delivery in the 1987/88 season and
+cancelled 30,000 tonnes of wheat purchases for delivery in the
+1986/87 season, the U.S. Agriculture Department said.
+    According to the department's Export Sales Report covering
+transactions in the week ended February 26, China has
+outstanding wheat commitments for the 1986/87 season of 30,000
+tonnes and 420,000 tonnes for delivery in the 1987/88 season.
+    The wheat season begins June 1.
+    China has total corn commitments for 1986/87 of 1,011,200
+tonnes and soybeans commitments of 157,500 tonnes.
+    The season for corn and soybeans began September 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18800" NEWID="2383">
+<DATE> 5-MAR-1987 15:13:28.99</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>jamaica</D><D>qatar</D><D>nigeria</D><D>saudi-arabia</D><D>iran</D><D>iraq</D><D>indonesia</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V Y RM
+&#22;&#22;&#1;f0537&#31;reute
+u f BC-OPEC-PRESIDENT-SAYS-O   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC PRESIDENT SAYS OUTPUT WELL BELOW CEILING</TITLE>
+<AUTHOR>    By Judith Matloff, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>Opec Conference President Rilwanu Lukman
+said the group was producing well below the 15.8 mln bpd
+ceiling it set in December, partly because liftings had been
+delayed or postponed by customers unwilling to pay fixed Opec
+prices.
+    Lukman, during a brief visit to London on his way home from
+Jamaica, told Reuters in a telephone interview that in
+February, Opec had underproduced partly because members were
+strictly abiding by production quotas and partly because they
+were resisting the temptation to sell at discounts to official
+prices of around 18 dlrs a barrel.
+    "We are determined to stand firm by the (December) accord,"
+he said. "I have spoken to every other Opec minister and they
+are committed to making the accord work," he said.
+    Lukman gave no specific figures for February output. He
+said the Opec secretariat in Vienna was finalizing these
+figures.
+    Told of a Reuters survey published today which estimated
+that Opec output so far this week was below 15 mln bpd, he
+said; "That could well be correct."
+    Opec"s news agency Opecna today issued a statement saying
+group output was "well below" its ceiling in February. But it
+gave no figures.
+    But one source close to Opec indicated that February output
+may have been between 15.3 and 15.5 mln bpd.
+    The Reuter survey estimated Opec February output at around
+16 mln bpd.
+    Opec agreed in December to cut output by 7.25 pct to 15.8
+mln bpd and to return to fixed prices starting February 1.
+    Lukman said Qatar, Nigeria, Saudi Arabia and Iran had all
+produced in February below their Opec quotas. Iraq, which said
+it would not honour its 1.466 mln bpd quota under the December
+pact, had produced less than had been anticipated, he said.
+    Lukman said that some industry reports "may be correct" that
+in February, Nigeria propuced 75-100,000 bpd below its 1.238
+mln bpd quota, Saudi Arabia 500,000 bpd less than its 4.133 mln
+allocation and Qatar 20 to 30 pct under its 285,000 bpd quota.
+    He said that sweet crudes such as those produced by his
+country were coming under price pressure because they were
+currently officially priced above sweet North Sea grades and
+the United States" West Texas Intermediate (WTI) crude.
+    However, he said Opec in December had anticipated that
+demand would be slack at this time of year for seasonal reasons
+and expected the market to firm in two to three weeks.
+    "We have to be patient for two or three weeks. The market is
+now firming on actual fundamentals," he said, adding that he
+expected it to go "up and up" even beyond official prices after
+early April. This is when, traditionally, there is more demand
+for gasoline-rich crudes such as Nigeria"s.
+    The Opec President said producers such as Kuwait, Venezuela
+and Indonesia were having less problems with output than
+producers like his own country because they exported oil
+products.
+    Also, some of Venezuela"s heavy grades were outside the Opec
+pricing system, he said.
+    Lukman said that if refiner-buyers, now refusing to lift
+some Opec oil at official prices, instead used their own stocks
+and ran them down to "dangerous levels," they would eventually
+have to buy Opec oil.
+    "When they realise it is not a free-for-all (in the market)
+they will realise they should buy now instead of paying more
+later on," he said.
+    Lukman, asked about industry reports that Nigeria was being
+pressured by equity producers for better terms, said it was
+important to know that terms with them were negotiable,
+flexible and under constant review, not only when the market
+seemed weak.
+    He said that so far, no meeting of the seven-nation
+ministerial differentials committee had been scheduled and that
+such a meeting, now twice-postponed, was not a high priority
+for Opec at the moment.
+    "At this time, we have to get our priorities right," he said.
+"The most important thing now is ensuring that the accord is
+working, not dealing with a differential of cents between
+grades."
+    But if any Opec member raised concerns or objections over
+the differential system, a meeting would be called, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18801" NEWID="2384">
+<DATE> 5-MAR-1987 15:15:16.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0543&#31;reute
+b f BC-FED'S-JOHNSON-SEES-IN   03-05 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S JOHNSON SEES INTEREST RATES STABLE</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Federal Reserve Board Vice Chairman
+Manuel Johnson said he does not see increasing pressure on
+interest rates but said the Fed would watch out for
+developments that could push them higher.
+    Johnson said that it was too early to tell if recent
+indicators on the economy contradicted Fed expectations of
+continued modest growth.
+    "We are not anticipating any problems or see increased
+interest rate pressures," Johnson told reporters after a speech
+to the Eastern Economic Association.
+    However, Johnson said the Fed would be alert to an
+excessive depreciation in the dollar, a rise in bond yields,
+increases in commodity prices, or other variables.
+    "We would have to pay attention," he said.
+    Recent indicators on retail sales and factory orders that
+indicated weakness in the economy could be presenting an
+inaccurate picture, Johnson said.
+    The more recent data are too caught up in statistical
+adjustment problems having to do with the end of the year and
+the beginning of the year, he said.
+    Asked if the Fed was continuing to be generous with
+reserves, Johnson said, "We have accommodated reasonable,
+non-inflationary real growth."
+    He said the Fed was able to do that because of the decline
+in inflation expectations and monetary velocity.
+    "I don't think we can be accused of being too generous," he
+added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18802" NEWID="2385">
+<DATE> 5-MAR-1987 15:16:33.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0546&#31;reute
+u f BC-LUCKY-STORES-INC-&lt;LKS   03-05 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUCKY STORES INC &lt;LKS> REINSTATES QUARTERLY DIV</TITLE>
+<DATELINE>    DUBLIN, Calif., March 5 -
+    </DATELINE><BODY>Qtly div 12.5 cts vs nil
+    Pay April 3
+    Record March 16
+    Note: in quarters preceeding 4th qtr, dividend was 29 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18803" NEWID="2386">
+<DATE> 5-MAR-1987 15:18:15.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0554&#31;reute
+r f BC-CARMEL-CONTAINER-SYST   03-05 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARMEL CONTAINER SYSTEMS LTD&lt;KML> YEAR OPER NET</TITLE>
+<DATELINE>    NEW YORK, March 5 -
+    </DATELINE><BODY>Oper shr 1.18 dlrs vs 58 cts
+    Oper net 2,266,000 vs 1,037,000
+    Revs 45.8 mln vs 41.4 mln
+    Avg shrs 1,924,000 vs 1,800,000
+    NOTE: Excludes gain of 73,000 dlrs vs 290,000 dlrs from
+benefit of tax loss carryforward.
+    Results for Tel Aviv, Israel-based company translated at
+rate of one dlr to 1.485 new Israeli shekels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18804" NEWID="2387">
+<DATE> 5-MAR-1987 15:20:34.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f0562&#31;reute
+r f BC-U.S-HOUSE-LEADER-URGE   03-05 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S HOUSE LEADER URGES FARM CREDIT RECUE CAUTION</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>House Majority leader Thomas Foley
+(D-Wash.) has urged Congress to give the farm credit system a
+few more months to reorganize itself before rushing into a
+federal rescue of the system, a senior aide to Foley said.
+    Gene Moos, agricultural aide to the Majority leader, told
+Reuters that while Foley believes action will be necessary
+later this year to rescue the system, a bail-out package is not
+necessarily needed immediately.
+    Foley's view appears to differ with the Senate leadership
+who have said they hope to have farm credit legislation under
+consideration before Congress breaks for Easter April 9.
+    Sen. David Boren (D-Okla.) chairman of the Senate
+Agriculture subcommittee responsible for the farm credit issue,
+last week pledged to consider a bill before Easter. Boren said
+his subcommittee would proceed even if neither the system's
+regulator, the Farm Credit Administration (FCA) nor the system
+itself ask for aid.
+    Chairman of the FCA Frank Naylor, like Foley, has 
+expressed caution about rushing to a bail-out, prefering to
+wait a few months and keep pressure on the system to reform
+itself, farm credit sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18805" NEWID="2388">
+<DATE> 5-MAR-1987 15:22:40.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0571&#31;reute
+h f BC-BILL-PROPOSED-ON-INTE   03-05 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BILL PROPOSED ON INTERNATIONAL DEBT FACILITY</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Rep. John LaFalce, D-N.Y., has
+introduced a bill to create an international debt adjustment
+facility to deal with third world debt.
+    He said in a statement the facility would purchase debt of
+a debtor nation at a discount and then sell the loans to
+private investors. LaFalce said the facility could use funds of
+the World Bank and International Monetary Fund as collateral to
+for the necessary financial banking to issue debt instruments.
+    LaFalce, a member of the House Banking Committee, said the
+facility was needed because most American banks were refusing
+to fund more foreign debt and debtor countries were having
+trouble paying the loans on schedule.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18806" NEWID="2389">
+<DATE> 5-MAR-1987 15:23:16.29</DATE>
+<TOPICS><D>livestock</D><D>l-cattle</D><D>carcass</D><D>sugar</D></TOPICS>
+<PLACES><D>cuba</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0572&#31;reute
+r f BC-Cattle-drought   03-05 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUBAN CATTLE THREATENED BY DROUGHT</TITLE>
+<DATELINE>    HAVANA, March 5 - </DATELINE><BODY>Over 750,000 head of cattle are suffering
+the effects of a severe shortage of feed as a result of a
+prolonged drought in the normally rich sugar and cattle
+producing province of Camaguey, the newspaper Granma reported.
+    The province produces 23 pct of Cuba's beef and is the
+island's number two province in milk production. Granma said
+20,000 head of cattle are now in imminent danger.
+    The newspaper said a "cattle emergency" had been decreed and
+the cattle are being rounded up.
+    Some 110,000 head have been transferred to the sugar cane
+conditioning centers where newly harvested cane is cleaned
+before being sent to the mills. The cattle are being fed the
+residue left after cleaning the cane stalks. 32,000 head have
+been sent to nearby provinces of Las Tunas and Ciego de Avila.
+    Despite Cuba's ambitous cattle development plans, beef
+rationing has been in effect over the past 25 years. In Havana,
+each Cuban receives approximately 3/4 lb of rationed beef every
+18 days.
+    In a major area hit by drought, San Miguel, practically no
+rain has fallen in the past 14 months. Grazing lands are
+parched and the region was unable to produce 117,000 tonnes of
+silage projected in its annual plan.
+    Granma said rainfall over the past year has been less than
+50 pct of normal precipitation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18807" NEWID="2390">
+<DATE> 5-MAR-1987 15:23:45.95</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0574&#31;reute
+d f BC-U.S.-TO-SET-ORANGE-JU   03-05 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO SET ORANGE JUICE DUTIES MONDAY</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The Commerce Department on Monday
+will set final dumping duties on frozen orange juice from
+Brazil, department officials said.
+    A preliminary duty of 8.54 pct was set last Oct 17 on the
+imports, which run at about 700 mln dlrs a year. Commerce's
+ruling on Monday will reset the duties on the basis of more
+detailed cost information, industry officials said.
+    The duties now are being assessed on a temporary basis,
+pending a final ruling by the U.S. International Trade
+Commission (ITC) on whether the imports are injuring the
+domestic orange industry.
+    The ITC ruled provisionally last June 18 that the domestic
+industry was being injured by Brazilian orange juice imports.
+    A complaint that the Brazilian imports were being dumped at
+below costs on the U.S. market was filed on behalf of U.S.
+growers by the Florida Citrus Mutual, a Lakeland, Fla., group,
+Alcoma Packing Co, Inc, and Barry Citrus Products.
+    U.S. officials say about half of the orange juice consumed
+in the United States comes from Brazil.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18808" NEWID="2391">
+<DATE> 5-MAR-1987 15:26:14.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0583&#31;reute
+s f BC-LONGVIEW-FIBRE-CO-&lt;LF   03-05 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONGVIEW FIBRE CO &lt;LFBR> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    LONVIEW, Calif., March 5 -
+    </DATELINE><BODY>Qtly div 40 cts vs 40 cts
+    Pay April 10
+    Record March 25
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18809" NEWID="2392">
+<DATE> 5-MAR-1987 15:27:30.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0588&#31;reute
+r f BC-CALNY-&lt;CLNY>-DIRECTOR   03-05 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALNY &lt;CLNY> DIRECTOR RESIGNS OVER LAWSUIT</TITLE>
+<DATELINE>    SAN FRANCISCO, March 5 - </DATELINE><BODY>Calny Inc director and former
+president and chief executive officer said he is resigning from
+Calny's board because of the company's recently announced
+lawsuit against Pepsico Inc &lt;PEP> and its La Petite
+Boulangerie.
+    In a statement, Larvive said the suit is a "lose-lose"
+situation for Calny, which is the only franchisee for La Petite
+Boulangerie and is the largest francisee of PepsiCo's Taco Bell
+Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18810" NEWID="2393">
+<DATE> 5-MAR-1987 15:27:36.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0589&#31;reute
+r f BC-BEI-HOLDINGS-LTD-&lt;BEI   03-05 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEI HOLDINGS LTD &lt;BEIH> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    ATLANTA, March 5 -
+    </DATELINE><BODY>Shr 13 cts vs eight cts
+    Net 1,364,712 vs 881,082
+    Rev 11.6 mln vs 11.5 mln
+    NOTE: Qtr includes extraordinary gain of 586,826 dlrs, or
+six cts a share, versus 183,850 dlrs or two cts a share in
+fiscal 1986's first qtr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18811" NEWID="2394">
+<DATE> 5-MAR-1987 15:28:23.79</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0594&#31;reute
+d f BC-ENDEVCO-&lt;EI>-AGREES-T   03-05 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENDEVCO &lt;EI> AGREES TO BUY MISSISSIPPI PIPELINE</TITLE>
+<DATELINE>    DALLAS, March 5 - </DATELINE><BODY>Endevco Inc said it has agreed to acquire
+a 17.5-mile, 16-inch pipeline in Marion and Pearl River
+Counties, Mississippi, for undisclosed terms.
+    The company said the pipeline was recently constructed from
+the Poplarville gas field in Pearl River County to a proposed
+interconnect with a pipeline operated by Occidental Petroleum
+Corp's &lt;OXY> United Gas Pipe Line Co subsidiary in Marion
+County but has nmot been placed in service.
+    Endevco said it plans to extend its existing Mississippi
+Fuel Co System in southern Mississippi 18 miles to the new
+pipeline.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18812" NEWID="2395">
+<DATE> 5-MAR-1987 15:28:30.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0595&#31;reute
+d f BC-NORFOLK-SOUTHERN-&lt;NSC   03-05 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORFOLK SOUTHERN &lt;NSC> COMPLETES COAL PURCHASE</TITLE>
+<DATELINE>    NORFOLK, Va., March 5 - </DATELINE><BODY>Norfolk Southern Corp said it
+completed the purchase of 112 mln tons of recoverable coal
+reserves in Pike County, Ky., from Rouge Steel, a unit of Ford
+Motor Co &lt;F>.
+    Norfolk Southern said the deal involves about 30,000 acres
+of coal bearing properties that will be administered by the
+company's Pocahontas Land Corp unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18813" NEWID="2396">
+<DATE> 5-MAR-1987 15:28:33.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0596&#31;reute
+s f BC-ATLANTIC-CITY-ELECTRI   03-05 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC CITY ELECTRIC CO &lt;ATE> SETS PAYOUT</TITLE>
+<DATELINE>    PLEASANTVILLE, N.J., March 5 -
+    </DATELINE><BODY>Qtly div 65-1/2 cts vs 65-1/2 cts prior
+    Pay April 15
+    Record March 19
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18814" NEWID="2397">
+<DATE> 5-MAR-1987 15:28:36.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0597&#31;reute
+s f BC-KEMPER-CORP-&lt;KEMC>-RE   03-05 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEMPER CORP &lt;KEMC> REGULAR PAYOUT SET</TITLE>
+<DATELINE>    LONG GROVE, ILL., March 5 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts previously
+    Pay May 29
+    Record May Eight
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18815" NEWID="2398">
+<DATE> 5-MAR-1987 15:29:21.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0599&#31;reute
+r f BC-FFB-&lt;FFCT>-SETS-INITI   03-05 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FFB &lt;FFCT> SETS INITIAL QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    NEW HAVEN, Conn., March 5 - </DATELINE><BODY>FFB Corp, parent of the First
+Federal Bank of Connecticut FSB, said it declared an initial
+quarterly dividend of five cts per share.
+    The company said the dividend is payable March 31 to
+holders of record March 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18816" NEWID="2399">
+<DATE> 5-MAR-1987 15:33:52.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0614&#31;reute
+d f BC-GM-&lt;GM>-TO-OFFER-AIRB   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> TO OFFER AIRBAGS, WANTS RULES RELAXED</TITLE>
+<DATELINE>    DETROIT, March 5 - </DATELINE><BODY>General Motors Corp said it plans to
+offer driver-side airbags as standard equipment on 500,000  
+cars in the 1990 model year and up to three mln by 1992 if a
+federal safety rule is relaxed for domestic automakers.
+    A GM spokesman said the statement comes in advance of a
+congressional hearing tomorrow in Washington on a proposed
+extension of a federal deadline for installation of "automatic
+occupant protection systems" on all cars beyond the current
+September, 1989, target.
+    GM previously said it would offer airbags as optional
+equipment on its 1988-model Oldsmobile Delta 88 models.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18817" NEWID="2400">
+<DATE> 5-MAR-1987 15:37:43.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0627&#31;reute
+u f BC-radtech-&lt;radt>-board   03-05 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RADTECH &lt;RADT> BOARD REMOVES CHAIRMAN</TITLE>
+<DATELINE>    ALBUQUERQUE, N.M., March 5 - </DATELINE><BODY>Radtech Inc said its board has
+removed Ronald G. Williams as chairman and chief executive
+officer and has elected President Samuel A. Francis chief
+exeuctive officer.
+    Williams is the majority owner of &lt;Forum Cos Inc>. On
+December 12, Radtech exchanged 10 mln of its shares for 20,000
+Forum shares. Of the 10 mln, 7.5 mln went to Williams and 2.5
+mln to Forum's other owner, &lt;Audley Inc>. In addition to the 10
+mln shares involved in this transaction, Radtech has 9.9 mln
+shares outstanding.
+    On January 27, Radtech said, it announced an agreement to
+rescind the Forum transaction.
+    Radtech said six mln of its shares held by Williams and the
+20,000 Forum shares were turned over to Radtech's attorney's.
+Subsequent to the rescission agreement, however, Williams and
+Audley have refused to recognize Radtech's position that a
+recission has occurred, it said.
+    On March 3, the company said, its attorneys filed an action
+in the U.S. District Court for the District of New Mexico
+giving control of both blocks of stock to the court and asking
+it to rule on the recission.
+    Radtech said it intends to defend its position in the legal
+proceeding, which names the company, Williams and Audley, that
+the rescission has occurred, that all 10 mln shares it issued
+should be returned, and that the 600,000 dlrs of Radtech funds
+used by Forum should be returned.
+    The company also said a dispute exists whether Williams
+continues to serve on its board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18818" NEWID="2401">
+<DATE> 5-MAR-1987 15:40:51.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0637&#31;reute
+f f BC-******UNION-CARBIDE-S   03-05 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNION CARBIDE SAYS 1986 LONG-TERM DEBT WAS 3.06 BILLION DLRS VS 1.71 BILLION in 1985
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18819" NEWID="2402">
+<DATE> 5-MAR-1987 15:41:19.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0639&#31;reute
+f f BC-*******UNION-CARBIDE   03-05 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*******<TITLE>UNION CARBIDE SAYS OPERATING PROFITS FOR 4th qtr WERE 181 MLN DLRS VS LOSS THREE MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18820" NEWID="2403">
+<DATE> 5-MAR-1987 15:41:27.17</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0640&#31;reute
+f f BC-******MONEY-MARKET-FU   03-05 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MONEY MARKET FUND ASSETS ROSE 552.5 MLN DLRS IN LATEST WEEK TO 237.46 BILLION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18821" NEWID="2404">
+<DATE> 5-MAR-1987 15:42:58.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0646&#31;reute
+r f BC-tdbank   03-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO DOMINION PLANS GREEN LINE ANNOUNCEMENT</TITLE>
+<DATELINE>    TORONTO, March 5 - </DATELINE><BODY>&lt;Toronto Dominion Bank> will hold a news
+conference tomorrow to make "a major announcement" about its 
+Green Line Investor Service, which provides discount brokerage
+services to customers, a bank spokesman said.
+    The spokesman declined further comment except to say bank
+president Robert Korthals would be available to answer
+questions tomorrow.
+    Toronto Dominion started Green Line in February 1984 and
+became the first Canadian bank to offer discount brokerage
+services. The Ontario government recently said banks will be
+permitted to buy brokerage firms after June 30.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18822" NEWID="2405">
+<DATE> 5-MAR-1987 15:43:38.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0651&#31;reute
+d f BC-COMBINED-INTERNMATION   03-05 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMBINED INTERNMATIONAL &lt;PMA> SEES STRONG 1987</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>Combined International Corp should have
+another strong year, President Patrick G. Ryan told analysts,
+although he declined to forecast earnings specifically.
+    In 1986, the company reported operating income of 5.51 dlrs
+a share, up from 4.84 dlrs a share a year earlier. Revenues
+increased to 1.81 billion dlrs from 1.36 billion dlrs.
+    Ryan said Combined is testing a direct response long-term
+care product through its Union Fidelity Life Insurance Co and
+has plans to offer it through Ryan Insurance Group.
+    In answer to a question on Combined's possible exposure to
+AIDS-related health claims, Ryan said it was "minimal" although
+he conceded that every carrier who provides coverage is
+vulnerable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18823" NEWID="2406">
+<DATE> 5-MAR-1987 15:43:50.58</DATE>
+<TOPICS><D>money-fx</D><D>can</D></TOPICS>
+<PLACES><D>canada</D><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0652&#31;reute
+u f BC-CANADA-DLR-DRIVEN-BY   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA DLR DRIVEN BY FOREIGN BUYERS - WILSON</TITLE>
+<DATELINE>    OTTAWA, March 5 - </DATELINE><BODY>Finance Minister Michael Wilson said
+large inflows of capital into Canada, principally into the
+country's bond market, is a major reason behind the sharp
+recovery in the Canadian dollar.
+    He said the inflow of funds, mainly from Japan, Europe and
+the United States, is the result of "confidence in the
+direction this country is going in."
+    "That is the reason why the (Canadian) dollar today is
+higher than 75 cts (U.S.) compared to this time last year (when
+it was) a little over 69 cts," Wilson told the House of Commons
+daily question period.
+    Figures released this week show foreigners purchased a
+record 23.1 billion dlrs of Canadian bonds in 1986, more than
+double the previous year, with Japan investing a record 9.5
+billion dlrs in the market.
+    Wilson was responding to opposition party questions about a
+possible loss of jobs from the rise in Canadian investment
+abroad. Canadian investment, including the buying of foreign
+companies, stocks and bonds, rose to 12.53 billion dlrs from
+6.19 billion dlrs in 1985.
+    The minister said the flow of funds from abroad would
+generate many new jobs in Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18824" NEWID="2407">
+<DATE> 5-MAR-1987 15:45:10.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0654&#31;reute
+r f BC-FORD-&lt;F>-CREDIT-UNIT   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> CREDIT UNIT SELLS NOTES AT 6.95 PCT</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Ford Motor Credit Co, a unit of Ford
+Motor Co, is raising 250 mln dlrs via an offering of notes due
+1990 yielding 6.95 pct, said lead underwriter Goldman Sachs.
+    The notes have a 6-7/8 pct coupon and were priced at 99.80
+to yield 47 basis points more than comparable Treasury
+securities.
+    Non-callable for life, the issue is rated A-1 by Moody's
+and AA by Standard and Poor's.
+    On October 7, 1986, the credit unit sold 200 mln dlrs of
+same-maturity notes, rated A-1/A, that were priced to yield
+7.172 pct or 77 basis points over Treasuries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18825" NEWID="2408">
+<DATE> 5-MAR-1987 15:46:09.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0657&#31;reute
+r f BC-SUMITOMO-TRUST-SELLS   03-05 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITOMO TRUST SELLS CD NOTES AT 7.28 PCT</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Sumitomo Trust and Banking Co Ltd is
+offering 100 mln dlrs of certificate of deposit notes due 1992
+yielding 7.28 pct, said sole manager Shearson Lehman Brothers
+Inc.
+    The notes have a 7-1/4 pct coupon and were priced at 99.875
+to yield 61 basis points more than comparable Treasury
+securities.
+    Non-callable to maturity, the issue is rated a top-flight
+Aaa by Moody's Investors Service Inc but AA by Standard and
+Poor's Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18826" NEWID="2409">
+<DATE> 5-MAR-1987 15:46:14.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0658&#31;reute
+d f BC-CHARTWELL-GROUP-LTD-&lt;   03-05 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARTWELL GROUP LTD &lt;CTWL> 4th qtr net</TITLE>
+<DATELINE>    CARLSTADT, N.J., March 5 -
+    </DATELINE><BODY>Shr nine cts vs three cts
+    Net 549,000 vs 72,000
+    Rev 7.0 mln vs 2.8 mln
+    Year
+    Shr 49 cts vs 32 cts
+    Net 2,441,000 vs 801,000
+    Rev 19.6 mln vs 9.7 mln
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18827" NEWID="2410">
+<DATE> 5-MAR-1987 15:46:20.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0659&#31;reute
+d f BC-PITT-DES-MOINES-INC-&lt;   03-05 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PITT-DES MOINES INC &lt;PDM> TO ACQUIRE STEEL UNIT</TITLE>
+<DATELINE>    PITTSBURGH, March 5 - </DATELINE><BODY>Pitt-Des Moines Inc said it will
+acquire &lt;Chicago Steel Corp> in exchange for a portion of its
+stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18828" NEWID="2411">
+<DATE> 5-MAR-1987 15:47:14.97</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0663&#31;reute
+r f BC-giant-bay-details   03-05 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GIANT BAY &lt;GBYLF> DETAILS GORDON LAKE DEPOSIT</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 5 - </DATELINE><BODY>Giant Bay Resources
+Ltd said a metallurgical study of its Gordon Lake gold deposit
+indicated an overall recovery of 95 pct to 96 pct of the gold
+can be achieved by either direct cyanidation of ore or
+flotation followed by cyanidation of concentrate.
+    Continuation of an underground program on the property will
+begin in June, extending an existing drift along the
+200-foot-level where the main ore zone was encountered, Giant
+Bay said.
+    The company did not elaborate on production figures for the
+property.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18829" NEWID="2412">
+<DATE> 5-MAR-1987 15:47:31.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0665&#31;reute
+r f BC-ALLTEL-&lt;AT>-DEBENTURE   03-05 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLTEL &lt;AT> DEBENTURES YIELD 8.90 PCT</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Alltel Corp is raising 50 mln dlrs
+through an offering of debentures due 2022 yielding 8.90 pct,
+said lead manager Merrill Lynch Capital Markets.
+    The debentures have an 8-7/8 pct coupon and were priced at
+99.726 to yield 135 basis points over the off-the-run 9-1/4 pct
+Treasury bonds of 2016.
+    Non-callable for five years, the issue is rated A-3 by
+Moody's Investors Service Inc and A by Standard and Poor's
+Corp. Stephens Inc co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18830" NEWID="2413">
+<DATE> 5-MAR-1987 15:47:43.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0667&#31;reute
+r f BC-EVANS/SUTHERLAND-&lt;ESC   03-05 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EVANS/SUTHERLAND &lt;ESCC> FILES FOR DEBT OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Evans and Sutherland Computer Corp said
+it filed with the Securities and Exchange Commission a
+registration statement covering a 50 mln dlr issue of
+convertible subordinated debentures due 2012.
+    Proceeds will be used for working capital, Evans and
+Sutherland said.
+    The company named Hambrecht and Quist Inc as lead
+underwriter of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18831" NEWID="2414">
+<DATE> 5-MAR-1987 15:48:25.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0672&#31;reute
+r f BC-MANOR-CARE-INC-&lt;MNR>   03-05 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANOR CARE INC &lt;MNR> CHAIRMAN RESIGNS</TITLE>
+<DATELINE>    SILVER SPRING, Md., March 5 - </DATELINE><BODY>Manor Care Inc said its
+chairman and chief executive officer, Stewart Bainum Sr., has
+resigned his post.
+    The company said he is being replaced by his son, Stewart
+Bainum Jr., who has served as vice chairman the past five
+years.
+    Bainum Sr. was the founder of Manor Care, a nursing home
+and hotel operator.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18832" NEWID="2415">
+<DATE> 5-MAR-1987 15:49:10.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0674&#31;reute
+r f BC-NIPSCO-&lt;NI>-OUTLAYS-T   03-05 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPSCO &lt;NI> OUTLAYS TO BE INTERNAL FUNDS</TITLE>
+<DATELINE>    HAMMOND, Ind., March 5 - </DATELINE><BODY>Northern Indiana Public Service Co
+said its five-year construction budget for 1987-1991 will be
+793 mln dlrs, almost all of which will be internally generated.
+    The utility said in its 1986 annual report that this
+budget, primarily for electric and gas equipment and
+facilities, is some 57 mln dlrs lower than its estimate a year
+ago of spending for 1986-1990. Such spending at its peak was
+2.6 billion dlrs for 1980-1984.
+    It said the Tax Reform Act of 1986 will probably not have a
+material effect on its operating results. In December it cut
+59.4 mln dlrs from a 135.8 mln dlrs rate request before the
+Indiana Public Service Commission because of the affect the tax
+act will have on operating results.
+    The rate request is still pending, a spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18833" NEWID="2416">
+<DATE> 5-MAR-1987 15:49:49.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0675&#31;reute
+u f BC-ATLANTIC-CITY-ELECTRI   03-05 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC CITY ELECTRIC &lt;ATE> TO REDEEM STOCK</TITLE>
+<DATELINE>    PLEASANTVILLE, N.J., March 5 - </DATELINE><BODY>Atlantic City Electric Co
+said it will redeem all of its outstanding 5-7/8 pct cumulative
+convertible preferred stock.
+    The stock will be redeemed April 30 at the scheduled
+redemption price of 101.50 dlrs a share plus accrued and unpaid
+dividends.
+    The shares are also convertible until the redemption date
+into common stock at the rate of 3.5 common shares for each
+preferred share. The company has 10,855 of the 5-7/8 pct
+preferred shares outstanding, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18834" NEWID="2417">
+<DATE> 5-MAR-1987 15:50:12.28</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE><D>kohl</D></PEOPLE>
+<ORGS><D>oecd</D><D>gatt</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0676&#31;reute
+u f AM-AGRICULTURE-FRANCE   03-05 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSENSUS BUILDS FOR WORLD AGRICULTURAL REFORM</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>Top U.S. and European farm trade and
+government representatives called for a sweeping reform of
+world agriculture to redress a critical demand and supply
+imbalance.
+    Speakers at a conference on world agricultural markets here
+demonstrated a growing U.S.-European consensus on the need for
+an urgent and collective overhaul of world farm trade and
+production.
+    "It is vital that we work together to bring more freedom and
+harmony into the world agricultural trade...(if not) the
+disruptions in markets may grow even more severe, the walls of
+protection climb higher and the level of possible retaliation
+become more harmful," U.S. Department of Agriculture Deputy
+Administrator William Bailey said.
+    Bailey said his attendance at the two-day meeting, which
+ends tomorrow, demonstrated the U.S. recognises the need to
+adjust its policies to the changing market environment.
+    The need for urgent reforms is justified by the "imbalance
+and tensions of the world economy," the secretary general of the
+Organisation for Economic Cooperation and Development
+Jean-Claude Paye said.
+    And the forum for such a reform is the General Agreement on
+Tariffs and Trade, he noted.
+    Paye stressed the need for a progressive and joint
+reduction of agricultural subsidies as well as social measures
+to help farmers in unprofitable areas.
+    Another possible solution would be to stop supporting farm
+prices, allowing them to be fixed by supply and demand, and
+instead help farmers through income support and adjustment
+aids, proposed James Howard, Executive Vice-president of
+Cargill (USA), one of the world's largest cereal houses.
+    Franz-Josef Feiter, agricultural adviser to West German
+Chancellor Helmut Kohl, agreed the European Community must take
+greater heed of market constraints in fixing farm prices.
+    However, "differentiated policy treatment is required" to
+take account of large disparities in the situation around the
+EC, he said.
+    "Agriculture is an efficient sector of the European economy
+and will remain so if the right policy is pursued within the
+Community," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18835" NEWID="2418">
+<DATE> 5-MAR-1987 15:50:19.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0677&#31;reute
+r f BC-northgate   03-05 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHGATE &lt;NGX> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    TORONTO, March 5 - </DATELINE><BODY>Northgate Exploration Ltd said it
+appointed John Kearney as president of the company, effective
+immediately.
+    A company spokesman said Patrick Hughes, who previously was
+both president and chairman, will continue as chairman and
+chief executive officer.
+    Kearney had been executive vice-president of Northgate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18836" NEWID="2419">
+<DATE> 5-MAR-1987 15:51:48.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0679&#31;reute
+r f BC-REXCOM-&lt;RXSC>-TO-ACQU   03-05 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXCOM &lt;RXSC> TO ACQUIRE MARKETING FIRM</TITLE>
+<DATELINE>    HOUSTON, March 5 - </DATELINE><BODY>Rexcom Systems Corp said it agreed to
+buy all the assets of Postech Inc from Comtech Group
+International Ltd, a Canadian computer service company, for 70
+pct of Rexcom's voting shares.
+    The purchase will be for Rexcom common and preferred stock.
+    Postech, the Canadian firm's U.S. marketing arm, sells
+computerized restaurant management systems and security systems
+in the U.S.
+    The deal is subject to approval by the boards of Postech
+and Rexcom.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18837" NEWID="2420">
+<DATE> 5-MAR-1987 15:52:45.84</DATE>
+<TOPICS><D>veg-oil</D><D>groundnut</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0681&#31;reute
+r f BC-ASCS-BUYS-PEANUT-PROD   03-05 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASCS BUYS PEANUT PRODUCTS, VEG OIL/SHORTENING</TITLE>
+<DATELINE>    KANSAS CITY, March 5 - </DATELINE><BODY>The Agricultural Stabilization and
+Conservation Service (ASCS) bought 2.3 mln pounds of peanut
+products at a cost of 2.1 mln dlrs and 7.4 mln pounds of
+vegetable oil/shortening for 2.0 mln dlrs, for domestic
+distribution April 1-15 and April 16-30, an ASCS spokesman
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18838" NEWID="2421">
+<DATE> 5-MAR-1987 15:52:53.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0682&#31;reute
+d f BC-GENERAL-REFRACTORIES   03-05 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL REFRACTORIES CO &lt;GRX> 4TH QTR NET</TITLE>
+<DATELINE>    BALA CYNWYD, Pa., March 5 -
+    </DATELINE><BODY>Shr 17 cts vs 84 cts
+    Net 709,000 vs 3,605,000
+    Rev 86.4 mln vs 87.0 mln
+    Year
+    Shr 1.79 dlrs vs 1.10 dlrs
+    Net 7,452,000 vs 4,695,000
+    Rev 362.8 mln vs 316.0 mln
+    NOTE: 1986 net includes gains from sale of non-operating
+assets of 800,000 dlrsm versus 1.2 mln dlrs in 1985.
+    1985 net includes nonrecurring cost of 2.6 mln dlrs and
+provision for separation pay of 1.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18839" NEWID="2422">
+<DATE> 5-MAR-1987 15:53:55.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0685&#31;reute
+d f BC-FEDERATED-DEPARTMENT   03-05 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED DEPARTMENT STORES &lt;FDS> GETS OFFICERS</TITLE>
+<DATELINE>    CINCINNATI, March 5 - </DATELINE><BODY>Federated Department Stores Inc said
+Norman Matthews has been elected president and chief operating
+officer.
+    Matthews has been vice chairman of the company since 1984,
+and corporate executive vice president prior to that post, the
+company said. The president's position has been vacant since
+1982, it added.
+    Federated also said it elected Allen Questrom as its
+executive vice president. Questrom will continue in his present
+position as chairman and chief executive officer of the Los
+Angeles-based Bullock's/Bullocks Wilshire department store
+division, a subsidiary of Federated, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18840" NEWID="2423">
+<DATE> 5-MAR-1987 15:55:20.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0694&#31;reute
+u f BC-venezuela-will-reprog   03-05 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA WILL REPROGRAM SIX BILLION DLRS IN DEBT</TITLE>
+<DATELINE>    CARACAS, March 5 - </DATELINE><BODY>Venezuela's recent agreement with its
+creditor banks reprograms six billion dlrs of its 21 billion
+dlr public sector foreign debt rescheduling and reduces
+repayments due between 1987 and 1992, Finance Minister Manuel
+Azpurua said.
+    Azpurua was commenting in a television interview on
+Friday's agreement to lower the interest margin to 7/8 pct over
+Libor from 1-1/8 pct and extend the period to 14 years from
+12-1/2.
+    He said in addition to the reduction in amortizations over
+the next three years sought by the government, agreed at 1.35
+billion dlrs instead of 3.335 billion, Venezuela will also pay
+less in the subsequent three years. The accord runs till 1999.
+    Azpurua said that in 1990, payments of restructured debt
+are lowered to 1.05 billion dlrs from 1.339 mln, to 1.25
+billion from 1.994 mln in 1991 and to 1.45 billion from 2.403
+billion in 1992.
+    He said the contingency clause implemented by Venezuela
+soon after the original rescheduling was signed in February
+1986 stays in effect and that the new payment schedule is based
+on an assumption of oil prices varying between 15 and 18 dlrs a
+barrel.
+    Venezuela, hit by a 40 pct drop in oil income last year,
+had sought a direct link between repayments and the level of
+oil income, but banks resisted on the grounds this could create
+a dangerous precedent for other Latin American debtors.
+    Azpurua said the new terms have been telexed to Venezuela's
+450 creditor banks for acceptance with information on
+government plans to draw up debt capitalization rules and
+return to the capital markets.
+    Public finances director Jorge Marcano said the government
+plans to issue dollar, mark and yen denominated bonds this year
+for amounts varying between 100 and 150 mln dlrs.
+    He noted that some existing Republic of Venezuela bond
+issues are maturing, and that the government intends to replace
+them with new issues to maintain its presence in the capital
+markets and encourage new investments through an enhanced
+credit image.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18842" NEWID="2424">
+<DATE> 5-MAR-1987 15:58:43.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0707&#31;reute
+f f BC-******MOODY'S-MAY-DOW   03-05 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S MAY DOWNGRADE DUQUESNE LIGHT CO'S TWO BILLION DLRS OF DEBT SECURITIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18843" NEWID="2425">
+<DATE> 5-MAR-1987 15:59:40.80</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0710&#31;reute
+u f BC-HOUSE-0/92-FARM-PLAN   03-05 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE 0/92 FARM PLAN MARKUP DELAYED TILL TUESDAY</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>A House Agriculture Committee meeting
+to draft a disaster aid bill containing a controversial 0/92
+provision has been postponed until next Tuesday, committee
+staff members announced.
+    The bill contains a provision implementing a 0/92 acreage
+reduction plan for 1986 wheat and 1987 winter wheat, thereby
+making payments available to farmers who were not able to plant
+last year's winter wheat crop because of flooding.
+    Controversy exists over whether the 0/92 provisions of the
+bill should be expanded, cut back or left as is.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18844" NEWID="2426">
+<DATE> 5-MAR-1987 16:02:22.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0719&#31;reute
+h f BC-PACIFIC-SOUTHWEST-AIR   03-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC SOUTHWEST AIRLINES &lt;PSWA> LOAD FACTOR</TITLE>
+<DATELINE>    SAN DIEGO, March 5 - </DATELINE><BODY>Pacific Southwest Airlines said its
+average load factor during February was 54.9 pct, down from
+56.1 pct a year earlier.
+    In the first two months of the year the load factor totaled
+51.5 pct, down from 54.0 pct a year ago.
+    Revenue passenger miles in February totaled 327.6 mln,
+compared to 295.5 mln. So far this year, revenue passenger
+miles totaled 640.2 mln, compared to 600.5 mln.
+    Available seat miles in February totaled 596.6 mln, up from
+526.8 mln a year ago. Year to date available seat miles totaled
+1.24 billion, compared to 1.11 billion a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18845" NEWID="2427">
+<DATE> 5-MAR-1987 16:02:58.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0720&#31;reute
+d f BC-FARM-CREDIT-RESCUE-CA   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM CREDIT RESCUE CAUTION URGED BY HOUSE LEADER</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>House Majority leader Thomas Foley
+(D-Wash.) has urged Congress to give the farm credit system a
+few more months to reorganize itself before rushing into a
+federal rescue of the system, a senior aide to Foley said.
+    Gene Moos, agricultural aide to the Majority leader, told
+Reuters while Foley believes action will be necessary later
+this year to rescue the system, a bail-out package is not
+necessarily needed immediately.
+    Foley's view appears to differ with the Senate leadership
+who have said they hope to have farm credit legislation under
+consideration before Congress breaks for Easter April 9.
+    Sen. David Boren (D-Okla.) chairman of the Senate
+Agriculture subcommittee responsible for the farm credit issue,
+last week pledged to consider a bill before Easter. Boren said
+his subcommittee would proceed even if neither the system's
+regulator, the Farm Credit Administration (FCA) nor the system
+itself ask for aid.
+    Chairman of the FCA Frank Naylor, like Foley, has 
+expressed caution about rushing to a bail-out, prefering to
+wait a few months and keep pressure on the system to reform
+itself, farm credit sources said.
+    "He (Foley) is willing to give Mr. Naylor some time in this
+regard," Moos said.
+    Moos predicted Congress will begin serious action on a
+rescue package sometime this summer. Any package of legislation
+is unlikely to include large federal outlays of money, he said.
+    "I  don't see a big infusion of federal bucks," said Moos,
+adding that the more likely outcome will be federal guarantees
+of borrower stock and bonds held by investors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18846" NEWID="2428">
+<DATE> 5-MAR-1987 16:04:43.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0725&#31;reute
+b f BC-UNION-CARBIDE-&lt;UK>-SA   03-05 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION CARBIDE &lt;UK> SAYS LONG TERM DEBT RISES</TITLE>
+<DATELINE>    DANBURY, Conn., March 5 - </DATELINE><BODY>Union Carbide Corp said its 1986
+long term debt was 3.06 billion dlrs compared to 1.71 billion
+dlrs in 1985.
+    The company released its audited 1986 results.
+    The company also said its long term debt was reduced by
+about 1.5 billion dlrs from the third quarter to the end of the
+year by asset sales and equity offerings. Union Carbide sold
+its battery products, home and automobile products and
+agricultural products businesses in 1986. In the fourth
+quarter, it offered 30 mln shares of stock, raising about 650
+mln dlrs.
+    The asset sales and equity offering were part of a
+recapitalization plan undertaken by the chemicals company last
+year.
+    Audited net earnings in 1986 of 496 mln dlrs or 4.78 dlrs a
+share compared to a 1985 loss of 581 mln dlrs or 2.78 dlrs were
+unchanged from the company's preliminary earnings report made
+on Jan 28. The earnings results for the fourth quarter were
+also unchanged.
+    Included in the 1986 numbers are a 564 mln dlr gain from
+sale of the different businesses, a 270 mln dlr pension credit
+and a charge of 473 mln dlrs from the purchase of long term
+debt at a premium under the recapitalization.
+    In the audited results released today, the company broke
+down results by business segment.
+    Operating profit in the fourth quarter for all of the
+company's operations on a consolidated basis, before corporate
+and interest expense and taxes, was 181 mln dlrs against a loss
+of three mln dlrs in the 1985 quarter.
+    In the year, operating profit was 791 mln dlrs compared to
+a loss of 253 mln dlrs in 1985.
+    In a statement, the company said it defeated a hostile
+takeover attempt, by GAF Corp &lt;GAF>, and recapitalized the
+company, adding, "While all this was going on, our continuing
+businesses performed very soundly, with substantial operating
+profit improvement over 1985."
+    Carbon products posted operating profit of eight mln dlrs
+in the quarter, down from 29 mln dlrs, and 49 mln dlrs in the
+year against a loss of 146 mln dlrs.
+    Chemicals and plastics had fourth quarter operating profit
+of 122 mln dlrs compared to a year-ago loss of 49 mln dlrs. In
+the year, chemicals and plastics earned 472 mln dlrs against
+losses of 142 mln dlrs in 1985.
+    Operating income at industrial gases rose to 64 mln dlrs
+from 55 mln in the quarter and to 276 mln dlrs from 222 mln in
+the year.
+    The company's specialties and services segment cut its
+losses in the quarter to 13 mln dlrs from 40 mln dlrs and in
+the year to three mln dlrs from 181 mln dlrs.
+    Eliminations of business conducted between the company's
+industry segments contributed two mln dlrs to fourth quarter
+1985 profits but did not affect the 1986 quarter. The
+eliminations caused losses of three mln dlrs compared to six
+mln dlrs in the year.
+    The 1985 operating results include a host of unusual
+writeoffs and depreciation charges totaling 134 mln dlrs in the
+quarter and 906 mln dlrs in the year.
+    Capital expenditures rose to 524 mln dlrs in 1986 from 501
+mln dlrs.
+    By segment, spending at carbon products fell to 42 mln dlrs
+from 57 mln dlrs and spending fell at specialties and services
+to 126 mln dlrs from 143 mln dlrs.
+    At chemicals and plastics, expenditures rose to 147 mln
+dlrs from 133 mln and at industrial gases they rose to 209 mln
+dlrs from 168 mln dlrs.
+    The company's cash and equivalents fell to 299 mln dlrs at
+year end from 430 mln dlrs at year end 1985, after a net
+decrease of 131 mln dlrs during 1986.
+    Current assets at year-end fell to 2.41 billion dlrs from
+4.43 billion dlrs and current liabilities fell to 1.88 billion
+dlrs from 2.38 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18847" NEWID="2429">
+<DATE> 5-MAR-1987 16:07:20.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0731&#31;reute
+d f BC-FIRST-COMMERCIAL-BANC   03-05 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST COMMERCIAL BANCORP &lt;FCOB> 4TH QTR LOSS</TITLE>
+<DATELINE>    SACRAMENTO, Calif., March 5 -
+    </DATELINE><BODY>Shr loss 49 cts vs loss 1.36 dlrs
+    Net loss 928,835 vs loss 1,648,665
+    Year
+    Shr loss 33 cts vs loss 4.21 dlrs
+    Net loss 593,533 vs loss 4,970,951
+    Assets 203.9 mln
+    Loans 151.5 mln
+    Deposits 192.0 mln
+    Note: 1986 loss included non-recurring expenses of
+1,275,000 dlrs comprised of asset write-downs, legal proceeding
+and a 930,000-dlr provision for loan losses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18848" NEWID="2430">
+<DATE> 5-MAR-1987 16:07:27.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0732&#31;reute
+r f AM-TUNNEL   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROTUNNEL TO OFFER CHOICE OF INVESTMENTS</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>Eurotunnel, the Anglo-French channel
+tunnel consortium, will offer potential backers a wide choice
+of ways to invest in a planned 750 mln stg capital issue later
+this year, co-Chairman Alastair Morton said.
+    Speaking to reporters after a shareholders meeting, he said
+Eurotunnel would offer "a menu of securities" designed to
+overcome investor reluctance.
+    Details are still to be worked out but investors could be
+offered a choice of paying immediately for shares or buying
+them on a part-paid basis, or buying convertible bonds, or
+bonds with warrants giving a right to buy shares at a later
+date, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18849" NEWID="2431">
+<DATE> 5-MAR-1987 16:08:28.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0735&#31;reute
+d f BC-CABOT-MEDICAL-&lt;CBOT>   03-05 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABOT MEDICAL &lt;CBOT> HAS LASER SURGERY ACCESSORY</TITLE>
+<DATELINE>    LANGHRNE, Pa., March 5 - </DATELINE><BODY>Cabot Medical Corp said it has
+introduced a new high flow insufflator for laparoscopy, a
+minimally invasive form of adominal surgey.
+    The company said the KLI high-Flow Insufflator has features
+and capabilities which were previously available only in
+insuffulators costing three to four times as much. Labaroscopy
+procedures, especially involving lasers, have grown in
+popularity, it pointed out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18850" NEWID="2432">
+<DATE> 5-MAR-1987 16:10:58.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0741&#31;reute
+w f BC-ANALYST-TO-START-MONE   03-05 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYST TO START MONEY MANAGEMENT FIRM</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Kurt Wulff, oil analyst at Donaldson,
+Lufkin and Jenrette Securities, said he has retired from the
+brokerage firm and will work as a consultant to the firm.
+    Wulff said he also plans to start a money management firm.
+    As a consultant to Donaldson, Lufkin, Wulff will continue
+to give advice on oil stock values to DLJ clients. He will also
+continue to write reports that will be published by the
+brokerage firm.
+    Wulff is a shareholder activist and has several resolutions
+pending before oil companies for vote at their annual meetings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18851" NEWID="2433">
+<DATE> 5-MAR-1987 16:11:16.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0742&#31;reute
+u f BC-HARCOURT-BRACE-JOVANO   03-05 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARCOURT BRACE JOVANOVICH INC &lt;HBJ> 4TH QTR NET</TITLE>
+<DATELINE>    ORLANDO, Fla., March 5 -
+    </DATELINE><BODY>Shr 23 cts vs 28 cts
+    Net 8,877,000 vs 9,530,000
+    Revs 342 mln vs 278.9 mln
+    Avg shrs 39.4 mln vs 34 mln
+    Year
+    Shr 1.91 dlrs vs 1.62 dlrs
+    Net 70.5 mln vs 50.5 mln
+    Revs 1.3 billion vs 990.5 mln
+    Avg shrs 37 mln vs 31.3 mln
+    NOTE: On Dec one, 1986, company acquired Holt, Rinehart and
+Winston and W.B. Saunders and The Dryden Press and their
+foreign subsidiaries. By including these companies for the
+single month of December 1986, 4th qtr earnings were raised by
+seven cts per shr and for the year by eight cts per shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18852" NEWID="2434">
+<DATE> 5-MAR-1987 16:11:33.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0744&#31;reute
+r f BC-LONE-STAR&lt;LCE>-AGREES   03-05 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONE STAR&lt;LCE> AGREES TO BUY CONCRETE OPERATIONS</TITLE>
+<DATELINE>    GREENWICH, Conn., March 5 - </DATELINE><BODY>Lone Star Industries Inc said
+it has agreed to acquire ready-mixed concrete and aggregates
+businesses from &lt;Riedel International Inc> of Portland, Ore.,
+for an undisclosed amount of cash.
+    Lone Star's one sentence statement gave no further details
+and company spokesmen were not available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18853" NEWID="2435">
+<DATE> 5-MAR-1987 16:11:48.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0746&#31;reute
+r f BC-SHELL-FRANCAISE-RETUR   03-05 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL FRANCAISE RETURNS TO PROFIT IN 1986</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>Shell Francaise &lt;SFMF.PA>, a subsidiary of
+&lt;Shell Petroleum NV>, returned to the black last year for the
+first time since 1982, with parent company net profit of 43 mln
+francs against losses of 968 mln in 1985 and 1.07 billion in
+1984. In 1982 it posted a profit of 329 mln.
+    The company said in a statement that cash flow had improved
+strongly although it remained negative at 182 mln francs
+against 1.34 billion in 1985, due largely to improved
+performances by its main profit centres.
+    It said the results could have been even better had it not
+been for the collapse of refining and sales profit margins in
+the last quarter of the year.
+    In 1986 Shell sold 14.74 mln tonnes of oil products against
+14.52 mln tonnes in 1985.
+    The company said the results were in line with its targets
+for the second year of its three-year recovery programme.
+    Meanwhile, &lt;Societe Shell Chimie) said it also returned to
+profit in 1986, for the first time since 1976, posting net
+profit of 160 mln francs against a 1985 loss of 57 mln. No
+other details were available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18854" NEWID="2436">
+<DATE> 5-MAR-1987 16:12:38.07</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0749&#31;reute
+u f BC-MAIZE-IMPORTS-SUSPEND   03-05 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SUSPENDS IMPORT OF 500,000 TONNES MAIZE</TITLE>
+<DATELINE>    SAO PAULO, March 5 - </DATELINE><BODY>Brazil has suspended the importation
+of 500,000 tonnes of maize ordered last year because of the
+excellent domestic maize harvest expected this year,
+Agriculture Minister Iris Resende said.
+    The Agriculture Ministry expects a record maize crop of
+27.7 mln tonnes, a 36 pct increase on last year's crop of 20.3
+mln tonnes.
+    Brazil's total grain crop is expected to be 65.3 mln
+tonnes. "This is a record in the history of Brazilian
+agriculture," a ministry spokesman said.
+    Resende announced suspension of the maize imports at a news
+conference in Brasilia yesterday.
+    The ministry spokesman said he had no other details on the
+maize transaction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18855" NEWID="2437">
+<DATE> 5-MAR-1987 16:13:00.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0753&#31;reute
+d f BC-FAIRMOUNT-CHEMICAL-CO   03-05 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAIRMOUNT CHEMICAL CO INC &lt;FMTC> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEWARK, N.J., March 5 -
+    </DATELINE><BODY>Shr loss 28 cts vs loss 29 cts
+    Net loss 584,100 vs loss 459,500
+    Sales 1,339,800 vs 1,6390,800
+    Year
+    Shr loss 64 cts vs loss 79 cts
+    Net loss 1,314,700 vs loss 1,237,100
+    Sales 7,249,600 vs 6,311,500
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18856" NEWID="2438">
+<DATE> 5-MAR-1987 16:13:07.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0754&#31;reute
+w f BC-VMS--HOTEL-&lt;VHT>-APPR   03-05 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS  HOTEL &lt;VHT> APPROVES 19.4 MLN DLR LOAN</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>VMS Hotel Investment Trust said it
+agreed to fund a 19.4 mln dlr secured loan for the Santa
+Barbara Biltmore Hotel in Santa Barbara, Calif.
+    It said the financing will be applied toward renovating and
+refurbishing the hotel.
+    Separately, VMS Short Term Income Trust &lt;VST> said it
+agreed to fund or extend four loans totaling 70.9 mln dlrs for
+income producing properties in the southwest.
+    The announcements were made by VMS Realty Partners, the
+trusts' investment advisors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18857" NEWID="2439">
+<DATE> 5-MAR-1987 16:15:21.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0758&#31;reute
+d f BC-PROFIT-TECHNOLOGY-&lt;PR   03-05 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROFIT TECHNOLOGY &lt;PRTE> TO MAKE LOTUS PROGRAM</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Profit TEchnology INc said it will
+produce an eletronic summary of "LOTUS 1-2-3 Simplified," a
+leading textbook for the industry-standard spreadsheet program.
+    Terms of the agreement between Profit Technology, the
+book's author David Bolocan and the publisher Tab Books INc
+were not disclosed.
+    The electronic version of the book is scheduled for release
+in late Spring, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18858" NEWID="2440">
+<DATE> 5-MAR-1987 16:15:26.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0759&#31;reute
+s f BC-HUMANA-INC-&lt;HUM>-REGU   03-05 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUMANA INC &lt;HUM> REGULAR DIVIDEND</TITLE>
+<DATELINE>    LOUISVILLE, Ky., March 5 -
+    </DATELINE><BODY>Qtly div 19 cts vs 19 cts in prior qtr
+    Payable May one
+    Record April two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18859" NEWID="2441">
+<DATE> 5-MAR-1987 16:16:23.65</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0760&#31;reute
+f f BC-******U.S.-COMMERCIAL   03-05 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. COMMERCIAL PAPER FALLS 1.27 BILLION DLRS IN FEB 25 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18860" NEWID="2442">
+<DATE> 5-MAR-1987 16:16:34.40</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0761&#31;reute
+f f BC-******N.Y.-BUSINESS-L   03-05 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>N.Y. BUSINESS LOANS RISE 523 MLN DLRS IN FEB 25 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18861" NEWID="2443">
+<DATE> 5-MAR-1987 16:17:41.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0767&#31;reute
+u f BC-EDISON-BROTHERS-STORE   03-05 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDISON BROTHERS STORES &lt;EBS> FEBRUARY SALES UP</TITLE>
+<DATELINE>    ST. LOUIS, March 5 - </DATELINE><BODY>Edison Brothers Stores Inc said its
+February sales rose 5.6 pct to 56.7 mln dlrs from 53.7 mln dlrs
+a year ago.
+    For the eight weeks ended February 28, it said sales
+increased to 109.4 mln dlrs from 109.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18862" NEWID="2444">
+<DATE> 5-MAR-1987 16:19:14.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0770&#31;reute
+r f BC-VMS-REALTY-PARTNERS-U   03-05 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS REALTY PARTNERS UNITS COMMIT TO LOANS</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>&lt;VMS Realty Partners> said three of its
+investment subsidiaries will fund or extend loans totalling
+approximately 97 mln dlrs for various properties in California.
+    The company said its its VMS Short Term Trust &lt;VST> unit
+agreed to fund or extend four loans totalling 70.9 mln dlrs.
+    It also said its VMS Hotel Investment Trust &lt;VHT> unit will
+fund a 19.4 mln dlr secured loan for the Santa Barbara Hotel in
+California.
+    And its VMS Mortgage Investors II &lt;VMTGZ> division approved
+a loan of 6,547,000 mln dlrs for a retail office building in
+downtown San Francisco, the company said.
+    VMS Realty Partners is a full service real estate firm
+focusing on acquiring, developing and managing hotels, office
+buildings, shopping centers, highrise apartment complexes,
+townhouses and garden apartments, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18863" NEWID="2445">
+<DATE> 5-MAR-1987 16:19:35.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0771&#31;reute
+r f BC-NPPC-ELECTS-NEW-PRESI   03-05 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NPPC ELECTS NEW PRESIDENT</TITLE>
+<DATELINE>    Chicago, March 5 - </DATELINE><BODY>Delegates at the American Pork Congress
+in Indianapolis elected Tom Miller of Maricopa, Ariz as the new
+president of the National Pork Producers Council (NPPC).
+    Miller, who was vice president of the NPPC the past two
+years, replaces Ron Kahle who served the maximum two-year term
+as president, the NPPC said.
+    Miller said the white meat campaign and the checkoff
+program are very important, but based on talk at the pork
+congress, farm credit is next in line.
+    Ray Hankes of of Fairbury, Ill was elected Vice President.
+Hankes was active in development of the "Pork - The Other White
+Meat" campaign, the NPPC said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18864" NEWID="2446">
+<DATE> 5-MAR-1987 16:19:52.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0772&#31;reute
+r f BC-mitel   03-05 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITEL &lt;MLT> AWARDS SELLING RIGHTS TO TWO FIRMS</TITLE>
+<DATELINE>    KANATA, Ontario, March 5 - </DATELINE><BODY>Mitel Corp said it awarded
+exclusive rights to units of &lt;British Columbia Telephone Co>
+and provincially owned Alberta Government Telephones to sell
+its new SX-200 Digital systems in the western Canadian
+provinces of British Columbia and Alberta.
+    The SX-200 is a telephone switching system for voice and
+data for customers using up to 400 telephone lines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18865" NEWID="2447">
+<DATE> 5-MAR-1987 16:20:44.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0774&#31;reute
+r f BC-FINANCIAL-CORP-&lt;FIN>   03-05 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL CORP &lt;FIN> UNIT BUYS BRANCHES</TITLE>
+<DATELINE>    IRVINE, Calif., March 5 - </DATELINE><BODY>Financial Corporation of
+America's American Savings and Loan Association unit said it
+signed a definitive agreement to buy three retail savings
+branches from Gibraltar Financial Corp's &lt;GFC> Gibraltar
+Savings unit.
+    The purchase, which must be approved by the Federal Home
+Loan Bank and the California Department of Savings and Loans,
+would increase American Savings' deposits by about 40 mln dlrs.
+    The branches are in La Jolla, La Mesa and San Juan
+Capistrano, Calif.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18866" NEWID="2448">
+<DATE> 5-MAR-1987 16:20:59.48</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0775&#31;reute
+r f BC-PORK-DELEGATES-VOTE-O   03-05 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORK DELEGATES VOTE ON FARM BILL, FARM CREDIT</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>Delegates from the National Pork
+Producers Council, NPPC, attending the American Pork Congress
+in Indianapolis, voted overwhelmingly to recommend the U.S.
+congress not to change the farm bill. While there are no
+specific pork items in that legislation, feed grain prices
+directly affect pork producer profits, the NPPC said.
+    Don Gingerich, a delegate from Iowa, said "to have
+unpredictable changes come along periodically makes it very
+difficult to plan and causes a lot of disruption."
+    Other members said the farm bill has some imperfections but
+that's a price pork producers are willing to pay for
+legislative stability, an NPPC spokesman said.
+    Delegates also passed unanimously a resolution that
+Congress and the administration should act swiftly to identify
+problems in the farm credit system.
+    Farm Credit Task Force chairman and newly elected Vice
+President of the NPPC Ray Hankes, said delegates wanted a
+program that all commodity groups can work with and bring a 
+resolution to this problem with legislators in Washington.
+    Hankes added that the National Pork Producers Council will
+work to save farmers and keep credit available, but not to save
+or create any one credit system.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18867" NEWID="2449">
+<DATE> 5-MAR-1987 16:21:25.25</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y C F
+&#22;&#22;&#1;f0777&#31;reute
+u f BC-u.s.-energy-futures   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONFIDENCE IN OPEC FIRMS U.S. ENERGY FUTURES</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Renewed confidence in OPEC's ability to
+limit production helped U.S. energy futures settle above
+yesterday's closing prices, according to analysts.
+    They also said the heating oil contract found additional
+support from a short-covering rally on the close.
+    April crude closed 24 cts higher to 17.75 dlrs. April
+heating oil was 1.47 cts higher to 47.91 cts a gallon.
+    "Most traders expected follow through profit-taking from
+yesterday but the market found suport from bullish reports that
+OPEC is producing within its quota," said Simon Greenshields, a
+vice president with Morgan Stanley and Co Inc.
+    News today, including OPEC President Rilwanu Lukman
+statement that OPEC February production did not exceed its
+official quota of 15.8 mln barrels per day, helped bouy prices,
+traders said. A Reuter survey found OPEC production in early
+March was 14.7 mln bpd.
+    In addition to short-covering, heating oil found support
+from traders buying it against sales of gasoline and crude, as
+well as from expectations for continued drawdowns in stocks as
+refiners shut down for maintenance, traders said.
+    Unleaded gasoline for April finished 0.55 cent higher to
+51.24 cts a gallon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18868" NEWID="2450">
+<DATE> 5-MAR-1987 16:21:38.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>icahn</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0779&#31;reute
+r f BC-TWA-&lt;TWA>-PILOTS-WELC   03-05 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> PILOTS WELCOME BID FOR USAIR &lt;U></TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>The Airline Pilots Association said
+members working at Trans World Airlines Inc welcomed their
+airline's announced proposal to acquire USAir Group Inc,.
+    Union leaders for the TWA pilot group said the offer of 52
+dlrs a share was a positive indication that Carl Icahn intends
+to build TWA into a viable air carrier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18869" NEWID="2451">
+<DATE> 5-MAR-1987 16:21:51.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0781&#31;reute
+d f BC-GM-&lt;GM>-GETS-61.1-MLN   03-05 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> GETS 61.1 MLN DLR NAVY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Hughes Aircraft Co, a division of
+General Motors Corp, has received a 61.1 mln dlr contract for
+electronic display equipment for U.S., Australian and Spanish
+surface ships, the Navy said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18870" NEWID="2452">
+<DATE> 5-MAR-1987 16:22:40.07</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0782&#31;reute
+b f BC-TREASURY-SAYS-ONLY-RE   03-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY SAYS ONLY REAGAN, BAKER SPEAK ON DLR</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The U.S. Treasury repeated a White
+House statement that only President Reagan and Treasury
+Secretary James Baker are authorized to speak on the dollar.
+    A Department spokesman was commenting on remarks by
+Commerce Department Under-Secretary Robert Ortner that the yen
+was undervalued 10 or 15 pct against the dollar but European
+currencies were fairly priced against the U.S. currency.
+    "As Larry Speakes said on January 14 this year, only two
+people in this administration are authorized to speak on the
+dollar and that is the president and the secretary of the
+treasury," the spokesman told Reuters.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18871" NEWID="2453">
+<DATE> 5-MAR-1987 16:22:57.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0784&#31;reute
+u f BC-GREAT-AMERICAN-FIRST   03-05 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT AMERICAN FIRST SAVINGS &lt;GTA> OFFERS NOTES</TITLE>
+<DATELINE>    SAN DIEGO, March 5 - </DATELINE><BODY>Great American First Savings Bank said
+it is offering collateralized Euroyen notes worth about 100 mln
+dlrs, or 15 billion yen, only to investors outside the U.S.
+    The bank said the notes will be offered through a syndicate
+with Nikko Securities Co, in conjnction with Goldman Sachs
+International Corp.
+    The issue price will be 101.75 pct of the principal. The
+notes will mature April 2, 1992 at par.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18872" NEWID="2454">
+<DATE> 5-MAR-1987 16:23:01.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0785&#31;reute
+d f BC-GE-&lt;GE>-GETS-42.7-MLN   03-05 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> GETS 42.7 MLN DLR ARMY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>General Electric Co has received a
+42.7 mln dlr contract for work on 97 engines for Sea Hawk,
+Super Cobra and CV helicopters, the Army said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18873" NEWID="2455">
+<DATE> 5-MAR-1987 16:23:49.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0786&#31;reute
+d f BC-MNX-&lt;MNXI>-COMPLETED   03-05 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MNX &lt;MNXI> COMPLETED SHARE OFFERING</TITLE>
+<DATELINE>    ST JOSEPH, Mo., March 5 - </DATELINE><BODY>MNX Inc said it completed an
+offering of 1,225,000 shares of common at 17.25 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18874" NEWID="2456">
+<DATE> 5-MAR-1987 16:24:49.19</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D><D>veg-oil</D><D>soy-oil</D><D>meal-feed</D><D>soy-meal</D><D>cotton</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>japan</D><D>iraq</D><D>china</D><D>belgium</D><D>south-korea</D><D>mexico</D><D>italy</D><D>west-germany</D><D>spain</D><D>italy</D><D>australia</D><D>south-korea</D><D>thailand</D><D>venezuela</D><D>taiwan</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0787&#31;reute
+u f BC-USDA-COMMENTS-ON-EXPO   03-05 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA COMMENTS ON EXPORT SALES </TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Corn sales gained 2,494,900 tonnes in
+the week ended February 26, the highest weekly total since
+August 1984 and two and three-quarter times the prior week's
+level, the U.S. Agriculture Department said.
+    In comments on its Export Sales Report, the department said
+sales of 1.0 mln tonnes to the USSR -- previously reported
+under the daily reporting system -- were the first sales for
+delivery to the USSR under the fourth year of the U.S.-USSR
+Grains Supply Agreement, which began October 1.
+    Japan added 689,700 tonnes to previous purchases and sales
+to unknown destinations rose by 429,800 tonnes.
+    Wheat sales of 362,400 tonnes for the current season and
+151,000 for the 1987/88 season were down by more than half from
+the previous week's combined sales, it said.
+    Egypt, Japan and Iraq were the major wheat buyers for
+delivery in the current year, while sales to China decreased by
+30,000 tonnes for the current season, but increased by 90,000
+tonnes for the 1987/88 season, which begins June 1.
+    Net sales of soybeans totalling 274,200 tonnes equaled the
+preceding week, but were nearly a third below the four week
+average. Major increases were for Belgium, South Korea, Mexico
+and Italy, it said.
+    Soybean cake and meal sales of 103,700 tonnes were 2-3/4
+times the previous week's marketing year low, but six pct less
+than the four week average.
+    Major increases for West Germany, Belgium, Spain, Italy and
+Australia were partially offset by declines to unknown
+destinations.
+    Soybean oil sales of 5,400 tonnes were the result of
+increases for Venezuela and reductions of 500 tonnes for
+unknown destinations.
+    Combined sales activity in cotton of 75,200 running bales
+-- 44,700 bales for the current year and 30,500 bales for the
+1987/88  bales -- were 56 pct below the prior week's good
+showing, the department said.
+    Major purchasers for the current season were South Korea,
+Japan, Taiwan and Thailand, while South Korea and Indonesia
+were the major buyers for the 1987/88 season, which begins
+August 1.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18875" NEWID="2457">
+<DATE> 5-MAR-1987 16:25:13.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0788&#31;reute
+d f BC-GEN-DYNAMICS-&lt;GD>-GET   03-05 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEN DYNAMICS &lt;GD> GETS AIR FORCE CONTRACTS</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>General Dynamics Corp has received
+two contracts totaling 29.2 mln dlrs for upgrade and retrofit
+work on F-16A/B aircraft, the Air Force said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18876" NEWID="2458">
+<DATE> 5-MAR-1987 16:26:00.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0791&#31;reute
+d f BC-FAIRFIELD-COMMUNITIES   03-05 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAIRFIELD COMMUNITIES INC &lt;FCI> 10 MOS DEC 31</TITLE>
+<DATELINE>    LITTLE ROCK, Ark, March 5 -
+    </DATELINE><BODY>Shr loss 1.62 dlrs vs profit 83 cts
+    Net loss 17.2 mln vs profit 8.3 mln
+    Revs 264.0 mln vs 338.0 mln
+    NOTE:Year ago figures based on 12 months ended February 28,
+1986 because company changed reporting period to end December
+31.
+   1986 10 months loss includes 10.3 mln dlrs writedown of
+certain assets.
+                        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18877" NEWID="2459">
+<DATE> 5-MAR-1987 16:26:53.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0794&#31;reute
+d f BC-CARVER-CORP-&lt;CAVR>-4T   03-05 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARVER CORP &lt;CAVR> 4TH QTR NET</TITLE>
+<DATELINE>    LYNNWOOD, Wash., March 5 -
+    </DATELINE><BODY>Shr 20 cts vs 17 cts
+    Net 680,000 vs 533,000
+    Sales 6,473,000 vs 5,996,000
+    Year
+    Shr 57 cts vs 84 cts
+    Net 1,967,000 vs 2,099,000
+    Sales 20.8 mln vs 19.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18878" NEWID="2460">
+<DATE> 5-MAR-1987 16:27:16.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0797&#31;reute
+b f BC-inter-city   03-05 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>INTER-CITY GAS CORP 4TH QTR SHR 36 CTS VS 68 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18879" NEWID="2461">
+<DATE> 5-MAR-1987 16:28:19.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0802&#31;reute
+d f BC-COMPUTER-POWER-INC-&lt;C   03-05 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER POWER INC &lt;CPWR> REPORTS RECORD ORDERS</TITLE>
+<DATELINE>    HIGH BRIDGE, N.J., March 5 - </DATELINE><BODY>Computer Power Inc said it
+booked 10.1 mln dlrs in orders for 1986, a record year for the
+company.
+    The company also announced a new low cost product will be
+introduced in the second quarter of 1987.
+    Computer Power manufactures and markets Uninterruptible
+Power Systems, line conditioners and related components for the
+protection of the computer and emergency lighting industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18880" NEWID="2462">
+<DATE> 5-MAR-1987 16:28:28.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0803&#31;reute
+d f BC-UNICORP-&lt;UAC>,-LINCOL   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNICORP &lt;UAC>, LINCOLN IN DEFINITVE PACT</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Unicorp American Corp said it signed a
+definitive agreement to acquire Lincoln Savings Bank FSB.
+    Under terms of the agreement announced in January, Lincoln
+would be acquired by a unit of Unicorp which is minority-owned
+by Lincoln president Alton Marshall.
+    The acquisition will take place through a voluntary 
+conversion of Lincoln to a federally chartered stock savings
+bank from a mutual federal savings bank.
+    In connection with the conversion, Unicorp will contribute
+150 mln dlrs in cash to Lincoln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18881" NEWID="2463">
+<DATE> 5-MAR-1987 16:29:05.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0806&#31;reute
+u f BC-MOODY'S-MAY-DOWNGRADE   03-05 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE DUQUESNE LIGHT &lt;DQU> DEBT</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade Duquesne Light Co's two billion dlrs of debt.
+    Moody's said it would assess the likely financial
+consequences of the 19 mln dlr rate reduction ordered today by
+the Pennsylvania Public Utility Commission.
+    The unexpected order raises significant doubts about the
+quality of Duquesne's regulatory support and financial
+prospects. The Commission's determination that Perry Unit 1's
+power is not needed could depress Duquesne's earnings and cash
+flow well into the future. Duqusne has Baa-1 senior debt and
+preferred stock and Baa-2 debentures and preference stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18882" NEWID="2464">
+<DATE> 5-MAR-1987 16:29:32.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0809&#31;reute
+d f BC-WESTINGHOUSE-ELECTRIC   03-05 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTINGHOUSE ELECTRIC CORP &lt;WX> MOVING UNIT</TITLE>
+<DATELINE>    PITTSBURGH, March 5 - </DATELINE><BODY>Westinghouse Electric Corp said it is
+moving its Unimation operations from Danbury, Conn, to other
+existing Westinghouse facilities, affecting approximately 210
+employees.
+    The engineering, product integration, administration and
+final assembly functions will be moved to the Westinghouse
+automation division headquarters at O'Hara Township, near
+Pittsburgh, the company said.
+    The manufacturing of Unimation controls is being
+consolidated in existing automation division manufacturing
+facilities, the company said.
+    The moves are scheduled to be completed by the third
+quarter of this year, Westinghouse said, and said they are part
+of its plan to increase competitiveness in the factory
+automation market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18883" NEWID="2465">
+<DATE> 5-MAR-1987 16:31:20.01</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0812&#31;reute
+f f BC-******U.S.-M-1-MONEY   03-05 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. M-1 MONEY SUPPLY RISES 1.9 BILLION DLRS IN FEB 23 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18884" NEWID="2466">
+<DATE> 5-MAR-1987 16:31:24.59</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0813&#31;reute
+f f BC-******U.S.-BANK-DISCO   03-05 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BANK DISCOUNT BORROWINGS AVERAGE 233 MLN DLRS A DAY IN MARCH 4 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18885" NEWID="2467">
+<DATE> 5-MAR-1987 16:32:07.28</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0814&#31;reute
+r f BC-coffee-prices-drop-no   03-05 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE FALL NOT SEEN AFFECTING COLOMBIA'S DEBT</TITLE>
+<DATELINE>    BOGOTA, March 5 - </DATELINE><BODY>The sharp fall in international coffee
+prices will not affect Colombia's external credit situation,
+finance minister Cesar Gaviria told reuters.
+    He said the current depression on world coffee markets was
+not totally unexpected and would have no immediate bearing on
+Colombia's financial state which he described as sound.
+    "Our foreign debt is high, but we can pay and I hope the
+foreign banking community will maintain its position toward us,"
+he said.
+    Colombia, the only major latin american country not to have
+rescheduled its external public debt, has a total foreign debt
+of 13.6 billion dlrs.
+    Calls for a rescheduling of the debt have come this week
+from the opposition conservative party and the biggest trade
+union following the coffee price drop. Gaviria said lower
+coffee prices this year could mean a loss of 1.5 billion dlrs
+in revenues for 1987.
+    Gaviria submitted to the world bank and the inter-american
+bank last week in new york a borrowing plan, for a total of
+3.054 billion dlrs to be disbursed over the next four years,
+which he said was approved.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18886" NEWID="2468">
+<DATE> 5-MAR-1987 16:34:32.59</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0822&#31;reute
+b f BC-u.s.-money-supply-m-1   03-05 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. M-1 MONEY SUPPLY RISES 1.9 BILLION DLRS</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>U.S. M-1 money supply rose 1.9 billion
+dlrs to a seasonally adjusted 738.5 billion dlrs in the
+February 23 week, the Federal Reserve said.
+    The previous week's M-1 level was revised to 736.6 billion
+dlrs from 736.7 billion dlrs, while the four-week moving
+average of M-1 rose to 736.7 billion dlrs from 735.0 billion.
+    Economists polled by Reuters had forecast M-1 in a range
+from down 500 mln dlrs to up 4.5 billion dlrs.
+    The average forecast called for a 2.2 billion dlr M-1 rise.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18887" NEWID="2469">
+<DATE> 5-MAR-1987 16:35:08.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0827&#31;reute
+h f BC-HUNT-BUILDING-CORP-GE   03-05 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNT BUILDING CORP GETS NAVY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Hunt Building Corp of El Paso, Texas,
+has received a 31.7 mln dlr contract for construction of 492
+family housing units and a 75-space mobile home park at the
+Marine  Corps combat training center at Camp Pendleton, Calif.,
+the Navy said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18888" NEWID="2470">
+<DATE> 5-MAR-1987 16:35:19.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0828&#31;reute
+r f BC-HUMANA-&lt;HUM>-DECLARES   03-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUMANA &lt;HUM> DECLARES SHAREHOLDERS RIGHTS PLAN</TITLE>
+<DATELINE>    LOUISVILLE, Ky., March 5 - </DATELINE><BODY>Humana Inc said its board
+approved a shareholder rights plan, or so-called poison pill
+plan, to ensure its shareholders receive fair treatment in the
+event of a proposed takeover.
+    Humana said it is now aware of any effort to gain control
+of the company.
+    Under the plan its board declared a dividend distribution
+of one right for each outstanding common share held as of March
+16. It said each right entitles holders to purchase a unit of
+1/100 of a share of newly authorizes series A participating
+preferred at 75 dlrs per unit.
+    Humana said the rights become effective after an entity
+acquires 20 pct or more of its outstanding common or tenders
+for 30 pct of its stock. After such an acquisition, then each
+right entitles holders to purchase securities of the company or
+an acquiring entity having a market value of twice the right's
+exercise price.
+    Humana said the rights expire March 4, 1997, unless
+redeemed earlier. It said the rights may be redeemed by the
+company for one ct per right at any time prior to 10 days
+following a public announcement that a 20 pct position has been
+acquired.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18889" NEWID="2471">
+<DATE> 5-MAR-1987 16:38:01.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0841&#31;reute
+r f BC-FREMONT-GENERAL-CORP   03-05 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREMONT GENERAL CORP &lt;FRMI> 4TH QTR OPER NET</TITLE>
+<DATELINE>    LOS ANGELES, March 5 -
+    </DATELINE><BODY>Oper shr profit 63 cts vs loss 1.15 dlrs
+    Oper net profit 6,629,000 vs loss 12.4 mln
+    Revs 23.6 mln vs 22.4 mln
+    Year
+    Oper shr profit 1.65 dlrs vs loss 1.28 dlrs
+    Oper net profit 17.5 mln vs loss 13.8 mln
+    Revs 93.1 mln vs 86.8 mln
+    Note: Oper data does not include loss from discontinued
+operations of 7,932,000 dlrs, or 73 cts per shr in 4th qtr
+1985, loss of 40.5 mln dlrs, or 3.83 dlrs per shr in the 1986
+year or gain of 104.3 mln dlrs, or 9.68 dlrs per shr in 1985.
+Also does not include 4th qtr 1985 extraordinary loss of
+1,028,000 dlrs, or ten cts per shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18890" NEWID="2472">
+<DATE> 5-MAR-1987 16:38:08.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0842&#31;reute
+r f BC-RIVERBEND-&lt;RIV>-BEGIN   03-05 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIVERBEND &lt;RIV> BEGINS TRADING ON AMEX</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>The American Stock Exchange said
+5,500,000 shares of Riverbend International Corp began trading
+today under the symbol RIV.
+    It said the agricultural concern, based in Sanger, Calif.,
+opened on 37,000 shares at nine.
+    AMEX said the company is the 14th initial public offering
+to be listed on AMEX this year. Last year AMEX listed 53
+initial public offerings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18891" NEWID="2473">
+<DATE> 5-MAR-1987 16:39:31.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0846&#31;reute
+d f BC-ALASKA-AIR-GROUP-&lt;ALK   03-05 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALASKA AIR GROUP &lt;ALK> OFFERS STOCK</TITLE>
+<DATELINE>    SEATTLE, WASH., March 5 - </DATELINE><BODY>Alaska Air Group Inc said it has
+registered with the Securities and Exchange Commission to offer
+1.8 mln shares of common stock, plus 180,000 shares to cover
+over-allotments.
+    The company said Merrill Lynch, Pierce, Fenner and Smith
+Inc and The First Boston Corp will lead the underwriting
+syndicate.
+    Proceeds will be used to reduce debt and for working
+capital and capital expenditures, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18892" NEWID="2474">
+<DATE> 5-MAR-1987 16:41:01.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0849&#31;reute
+d f BC-GREAT-WESTERN-FINANCI   03-05 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT WESTERN FINANCIAL &lt;GWF> UNIT BUYS BANKS</TITLE>
+<DATELINE>    BEVERLY HILLS, CALIF., March 5 - </DATELINE><BODY>Great Western Financial
+Corp's subsidiary Great Western Bank said it will purchase
+three retail banking branches in south Florida with total
+deposits of 90 mln dlrs.
+    Great Western said it will purchase branches in Deerfield
+Beach and Hollywood with approximately 80 mln dlrs in deposits
+from Guardian Savings and Loan Association, and one in Palm
+Beach with approximately 10 mln in deposits from Goldome
+Savings Bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18893" NEWID="2475">
+<DATE> 5-MAR-1987 16:41:39.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0851&#31;reute
+u f BC-HUGHES-&lt;HT>-CHANGES-S   03-05 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES &lt;HT> CHANGES STANCE ON MERGER AFTER SUIT</TITLE>
+<AUTHOR>    by Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>A one billion dlr lawsuit pushed
+Hughes Tool Co into an about-face on its rejection of a
+proposed merger with Baker International Corp &lt;BKO>, Wall
+Street analysts said.
+    Last night, Hughes said the planned merger with Baker was
+off. Baker then filed a suit seeking punitive damages from
+Hughes for calling off the merger. At midday today Hughes said
+it was still interested in the merger.
+    The analysts also said Hughes may be worried that its
+troubles could make it a takeover candidate.
+    There was speculation today that Harold Simmons, the Dallas
+investor, might try to acquire Hughes, but Simmons told Reuters
+he is not interested.
+    Simmons said he intends to file a 13-D with the Securities
+and Exchange Monday reporting a stake of five pct or more in
+some publicly traded company. He declined to identify the
+target other than to rule out Hughes.
+    One analyst said another factor in the latest Hughes
+turnabout was Borg-Warner Corp &lt;BOR>, which owns 18.5 pct of
+Hughes. Borg-Warner ex-chairman J.F. Bere, who serves on the
+Hughes board, is believed to favor the merger with Baker.
+    Despite the Hughes statement that it is interested in a
+merger, and Baker's response that a merger is still possibile,
+analysts said no one could be certain where the situation was
+going.
+    "I think the merger is not going through," said Phil Pace,
+analyst at Kidder, Peabody and Co. He said the merger "lost a
+lot of its appeal" when the U.S. Department of Justice required
+that Baker sell off its Reed Tool Co operation.
+    Although the Reed operation is relatively small in view of
+the total size of a combined Baker-Hughes, Pace said "30 to 40
+pct of the cost savings are tied up in that."
+    "They (Hughes) are obviously concerned about the lawsuit,"
+said James Crandell, analyst at Salomon Brothers Inc.
+"Apparently they are willing to continue discussions but
+whether they will alter their position, I don't know.
+    "It's getting a little confusing," said James Carroll,
+analyst at PaineWebber Group Inc. He said the arguments cited
+by Hughes yesterday for not doing the merger "tend to be weak."
+Hughes said yesterday that as a condition of the merger it
+wanted Reed Tool and other businesses sold prior to April 22,
+the projected merger date. A government decree allowed a longer
+period of time.
+    Hughes contended it was better to formally combine the
+companies with the status of Reed already settled. Baker
+apparently sees no reason to speed up the sale.
+    Carroll said Baker had previously estimated 110 to 130 mln
+dlrs in savings if the companies were combined without selling
+Reed. But he said Baker now thinks 75 to 85 mln dlrs will be
+saved while Hughes sees a saving of only 50 to 60 mln dlrs.
+    Carroll also noted that since the merger accord was first
+signed "the outlook for the industry has improved materially."
+Hughes may simply feel the pressure on the oil service industry
+is lifting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18894" NEWID="2476">
+<DATE> 5-MAR-1987 16:43:06.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0852&#31;reute
+u f BC-ARMTEK-&lt;ARM>-SELLS-TI   03-05 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMTEK &lt;ARM> SELLS TIRE, TRUCK TIRE BUSINESS</TITLE>
+<DATELINE>    NEW HAVEN, March 5 - </DATELINE><BODY>Armtek Corp, formerly known as
+Armstrong Rubber Co, said it signed agreements with &lt;Condere
+Corp> for the sale of its Natchez, Miss. tire plant and its S
+and A Truck Tire Sales and Services Corp.
+    Terms were not disclosed. Armtek spokesman John Sievers
+said S and A is a 50 mln dlr business.
+    Earlier this week, Armtek announced the sale of its
+industrial tire and assembly business division to Dyneer Corp
+of Scotsdale, Ariz.
+    Cash proceeds from both sales will be used to reduce
+outstanding debt.
+     Under a long term supply agreement with Condere, it is
+anticipated that truck tires produced at the Natchez plant will
+be supplied to the Armstrong Tire Co, an Armtek operating
+company, the company said.
+    The closing is scheduled to be concluded by March 31, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18895" NEWID="2477">
+<DATE> 5-MAR-1987 16:43:43.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0854&#31;reute
+r f BC-BAY-STATE-GAS-&lt;BGC>-P   03-05 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAY STATE GAS &lt;BGC> PREFERRED UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Standard and Poor's Corp said it raised
+to A from A-minus Bay State Gas Co's preferred stock.
+    S and P affirmed the company's A-rated senior debt and A-1
+commercial paper. Bay State has 75 mln dlrs of long-term debt
+and preferred outstanding.
+    The rating agency said its action mainly reflected debt
+redemptions. S and P also said the outlook for firm sales
+growth is positive because of a vibrant regional economy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18896" NEWID="2478">
+<DATE> 5-MAR-1987 16:44:26.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0857&#31;reute
+d f BC-ELXSI-LTD-&lt;ELXSF>-4TH   03-05 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELXSI LTD &lt;ELXSF> 4TH QTR LOSS</TITLE>
+<DATELINE>    SAN JOSE, Calif., March 5 -
+    </DATELINE><BODY>Shr loss four cts vs loss 34 cts
+    Net loss 2,922,000 vs loss 19.9 mln
+    Revs 4,071,000 vs 8,012,000
+    Year
+    Shr loss 23 cts vs loss 79 cts
+    Net loss 17.3 mln vs loss 46.2 mln
+    Revs 22.4 mln vs 28.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18897" NEWID="2479">
+<DATE> 5-MAR-1987 16:44:46.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0858&#31;reute
+d f BC-&lt;NEWSCOPE-RESOURCES-L   03-05 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NEWSCOPE RESOURCES LTD> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, ALBERTA, March 5 -
+    </DATELINE><BODY>Shr loss 94 cts vs profit 28 cts
+    Net loss 6,319,337 vs profit 1,702,016
+    Revs 2,899,513 vs 5,239,106
+    Note: 1986 net includes 5,250,000 dlr writedown of oil and
+gas properties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18898" NEWID="2480">
+<DATE> 5-MAR-1987 16:46:36.80</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0865&#31;reute
+u f BC-FERC-ISSUES-TAKE-OR-P   03-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERC ISSUES TAKE-OR-PAY GAS POLICY PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The Federal Energy Regulatory
+Commission (FERC) issued a proposed policy statement for the 
+recovery of take-or-pay costs imposed by existing natural gas
+contracts between producers and pipelines.
+    It put out the statement, by 5-0 vote, for a 30-day comment
+period. It also put out an alternative policy statement by
+Commissioner Charles Stalon.
+    FERC said in a press release that "the proposed policy
+statement estblishes an exception to the commission's general
+policy that take-or-pay buy-out and buy-down costs must be
+recovered through pipeline' commodity sales rates."
+    FERC added that "specifically, in cases where pipelines
+assume an equitable share of buy-out or buy-down costs, the
+commission proposes to permit the pipelines to recover the
+remaining costs through their demand rates."
+    It said it wanted guidelines for buying out and reforming
+existing contracts to help spread the impact of these
+take-or-pay costs in a responsible, fair and equitable way.
+    Commission chairwoman Martha Hesse said "this proposal
+represents the commission's sincere attempt to help the
+industry through this difficult period of transition to a more
+competitive market."
+    Hesse said "it is my hope that our proposed policy will
+encourage and guide the timely resolution of take-or-pay
+contractual disputes that have impeded the industry's
+transition to a more competitive environment.  It is vital to
+the industry that we get this problem behind us."
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18899" NEWID="2481">
+<DATE> 5-MAR-1987 16:47:03.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0867&#31;reute
+d f BC-NATIONAL-MEDICAL-&lt;NME   03-05 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL MEDICAL &lt;NME> OPENS HOSPITALS</TITLE>
+<DATELINE>    LOS ANGELES, March 5 - </DATELINE><BODY>National Medical Enterprises Inc
+said its Rehab Hospital Services Corp unit opened four
+facilities and plans to contruct three physical rehabilitation
+hospitals.
+    The company said the seven hospitals represent a total
+investment of 44.5 mln dlrs.
+    The three to be constructed will be in Montgomery, Ala.,
+Fort Myers, Fla. and Monroeville, Penn.
+    Of the four recently opened, three were in Florida and one
+in Arkansas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18900" NEWID="2482">
+<DATE> 5-MAR-1987 16:48:32.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0876&#31;reute
+s f BC-TIMES-MIRROR-CO-&lt;TMC>   03-05 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIMES MIRROR CO &lt;TMC> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELES, March 5 -
+    </DATELINE><BODY>Qtly div 41 cts vs 41 cts
+    Pay June 10
+    Record May 29
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18901" NEWID="2483">
+<DATE> 5-MAR-1987 16:49:40.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0880&#31;reute
+r f BC-INTER-CITY-GAS-CORP-&lt;   03-05 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTER-CITY GAS CORP &lt;ICG> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 5 -
+    </DATELINE><BODY>Shr 36 cts vs 68 cts
+    Net 10.0 mln vs 16.1 mln
+    Revs 441.6 mln vs 470.8 mln
+    YEAR
+    Shr 86 cts vs 1.77 dlrs
+    Net 29.1 mln vs 44.1 mln
+    Revs 1.43 billion vs 1.54 billion
+    Note: 1986 fl-yr net includes 9.3 mln dlr writedown of U.S.
+oil and gas properties partly offset by 1.1 mln dlr
+extraordinary gain from tax gains and proceeds from sale of
+Minnesota utility operations. 1985 net includes extraordinary
+gain of 892,000 dlrs.
+    Shr after preferred divs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18902" NEWID="2484">
+<DATE> 5-MAR-1987 16:51:25.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0883&#31;reute
+r f BC-BROWN-TRANSPORT-CO-IN   03-05 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN TRANSPORT CO INC &lt;BTCI> 4TH QTR NET</TITLE>
+<DATELINE>    ATLANTA, March 5 -
+    </DATELINE><BODY>Shr profit 26 cts vs profit 10 cts
+    Net profit 1,371,000 vs profit 482,000
+    Revs 48 mln vs 45.7 mln
+    Avg shrs 5.20 mln vs 5.15 mln
+    12 mths
+    Shr profit 1.05 dlrs vs loss 34 cts
+    Net profit 5,454,000 vs loss 1,766,000
+    Revs 191.7 mln vs 185.2 mln
+    Avg shrs 5.20 mln vs 5.15 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18903" NEWID="2485">
+<DATE> 5-MAR-1987 16:54:07.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0891&#31;reute
+d f BC-HEXCEL-CORP-&lt;HXL>-PLA   03-05 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEXCEL CORP &lt;HXL> PLANS NEW PLANT</TITLE>
+<DATELINE>    SAN FRANCISCO, March 5 - </DATELINE><BODY>Hexcel Corp said it plans to build
+a manufacturing facility in Chandler, Arizona.
+    The company said construction will begin this summer, with
+completion scheduled for early in 1988.
+    The facility will produce engineered and structural
+products and employ about 200 people, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18904" NEWID="2486">
+<DATE> 5-MAR-1987 16:54:14.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0892&#31;reute
+r f BC-FIRST-FEDERAL-&lt;FARK>   03-05 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL &lt;FARK> BUYS BACK CAPITAL NOTES</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>First Federal Savings of Arkansas FA
+said it bought back 4.75 mln dlrs of its 15-3/8 pct
+subordinated capital notes.
+    There are now 14.25 mln dlrs of these notes outstanding,
+compared to an original issue of 25 mln dlrs sold in September
+1985, First Federal said.
+         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18905" NEWID="2487">
+<DATE> 5-MAR-1987 16:59:40.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0908&#31;reute
+b f BC-GM-&lt;GM>-STOCK-BUYBACK   03-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> STOCK BUYBACK WON'T AFFECT S/P RATINGS</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Standard and Poor's Corp said that
+General Motors Corp's planned five billion dlr stock repurchase
+would not affect the carmaker's debt ratings.
+    S and P said the parent company would generate sufficient
+cash flow over the next several years to fund the stock buyback
+program without weakening its financial position.
+    S and P affirmed the AA ratings on the senior debt of GM, 
+General Motors Acceptance Corp, GMAC Grantor Trust and various
+overseas units.
+    Also affirmed were GM's AA preferred stock, and GMAC's
+AA-minus subordinated debt and A-1-plus commercial paper.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18906" NEWID="2488">
+<DATE> 5-MAR-1987 17:00:02.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0911&#31;reute
+d f BC-METRO-MOBILE-CTS-INC   03-05 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METRO MOBILE CTS INC &lt;MMCT> FIRST QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Qtr ends Dec 31
+    Shr loss 33 cts vs loss 16 cts
+    Net loss 5,632,426 vs loss 2,373,358
+    Revs 3,277,976 vs 1,535,550
+    Avg shrs 16.9 mln vs 14.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18907" NEWID="2489">
+<DATE> 5-MAR-1987 17:00:21.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0913&#31;reute
+r f BC-ENDOTRONICS-&lt;ENDO>-TO   03-05 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENDOTRONICS &lt;ENDO> TO CUT WORKFORCE BY 33 PCT</TITLE>
+<DATELINE>    MINNEAPOLIS, March 5 - </DATELINE><BODY>Endotronics Inc said it is
+restructuring its workforce to reduce payroll costs by
+terminating 75 full-time and four part-time employees, or 33
+pct of its total ranks.
+    The company said despite the cutbacks it remains commited
+to development of promising new areas and it intends "to
+maintain our research commitment to our programs in cancer
+immunotherapy and a new Hepatitis-B vaccine."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18908" NEWID="2490">
+<DATE> 5-MAR-1987 17:00:44.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0915&#31;reute
+r f BC-&lt;SPAR-AEROSPACE-LTD>   03-05 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SPAR AEROSPACE LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 5 -
+    </DATELINE><BODY>Shr basic 42 cts vs 1.41 dlrs
+    Shr diluted 42 cts vs 1.33 dlrs
+    Net 4,394,000 vs 13,070,000
+    Revs 191.0 mln vs 223.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18909" NEWID="2491">
+<DATE> 5-MAR-1987 17:01:33.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0918&#31;reute
+r f BC-PESCH-UNIT-SEEKS-BALA   03-05 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PESCH UNIT SEEKS BALANCE OF REPUBLIC HEALTH</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>Alpha Health Systems Corp, a
+wholly-owned subsidiary of Pesch and Co, said it submitted a
+merger proposal to the board of REPH Acquisition Co, the parent
+company of Republic Health Corp, which is 64 pct owned by Pesch
+interests.
+    The balance of REPH's common stock is owned by members of
+Republic management, McDonnell Douglas Corp &lt;MD>, Donaldson,
+Lufkin and Jenrette and Pacific Asset Holdings L.P.
+    Republic currently owns 44 hospitals and manages 46 other
+facilities, in 25 states.
+    Details of the proposal were not disclosed.  Company
+representatives were not immediately available.
+    The proposal provides that REPH would become a wholly-owned
+subsidiary of Alpha and that the existing REPH common
+stockholders would become stockholders of Alpha, it said.
+    REPH's board has appointed a special committee to negotiate
+terms of the proposed merger, Pesch said.
+    Last year, Republic was acquired by REPH in a leveraged
+buyout transaction led by Dr. LeRoy Pesch, the principal
+shareholder of Pesch and Co.
+    Alpha recently submitted a second offer to acquire the
+stock of American Medical International Inc (AMI) at 22 dlrs a
+share in cash and securities, which is still being considered
+by American Medical's board, Pesch said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18910" NEWID="2492">
+<DATE> 5-MAR-1987 17:04:50.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0930&#31;reute
+r f BC-SPAR-SEES-SEES-STRONG   03-05 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAR SEES SEES STRONG FIVE-YEAR GROWTH</TITLE>
+<DATELINE>    TORONTO, March 5 - </DATELINE><BODY>&lt;Spar Aerospace Ltd>, reporting a
+sharply lower 1986 profit, said it anticipated solid profit and
+revenue growth during the next five years.
+    "Looking to the longer term, Spar is confident that its
+continuing concentration on advanced robotics, satellite-based
+communications and electro-optical defense systems will lead to
+significant growth in revenues and earnings over the next five
+years," the company said.
+    It also forecast higher 1987 sales due to an increased
+order backlog. Revenues last year fell to 191 mln dlrs from
+223.3 mln while profit fell to 4.4 mln dlrs from 13.1 mln.
+    Spar added that lower development costs in the
+communications group and a return to normal operations in gears
+and transmissions and aviation services "will remove a serious
+drain on profits" this year.
+    It attributed its reduced 1986 earnings to communications
+group losses resulting from continued heavy investment in new
+products and market development, a four-month strike at its
+Toronto plants and delays in receipt of authorization from
+customers to start work on new programs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18911" NEWID="2493">
+<DATE> 5-MAR-1987 17:07:47.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0937&#31;reute
+b f BC-WRIGHT-SAYS-DEMOCRATS   03-05 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WRIGHT SAYS DEMOCRATS FAVORABLE TO TAX HIKE</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>House Speaker James Wright, a Texas
+Democrat, said he found a favorable response from key House
+Democratic taxwriters to a general idea of raising 18 billion
+dlrs in unspecified taxes for the 1988 financial year.
+    Wright met with House Ways and Means Committee chairman Dan
+Rostenkowski of Illinois and other Democrats to discuss a plan
+broached by the House Budget Committee to spread 36 billion
+dlrs deficit reduction through 9 billion dlrs in domestic cuts,
+9 billion dlrs in defense spending and the rest in tax hikes.
+"They are realists," Wright said of the tax writers after the
+private meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18912" NEWID="2494">
+<DATE> 5-MAR-1987 17:08:23.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0938&#31;reute
+s f BC-CHESAPEAKE-UTILITIES   03-05 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHESAPEAKE UTILITIES CORP &lt;CHPK> REGULAR DIV</TITLE>
+<DATELINE>    DOVER, DEL., March 5 -
+    </DATELINE><BODY>Qtly div 28-3/4 cts vs 28-3/4 cts prior
+    Pay April three
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18913" NEWID="2495">
+<DATE> 5-MAR-1987 17:10:15.09</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0943&#31;reute
+r f BC-MEATPACKERS-REJECT-OC   03-05 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEATPACKERS REJECT OCCIDENTAL &lt;OXY> UNIT OFFER</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>United Food and Commercial Workers Union
+Local 222 rejected a new contract proposal from Iowa Beef
+Processors Inc and remain out of work, union spokesman Allen
+Zack said.
+    In mid-December, Iowa Beef, a subsidiary of Occidental
+Petroleum Corp, closed its beef processing plant at Dakota
+City, Nebraska, because it said "it had no alternative to
+threats by meatpackers to disrupt operations."
+    About 2,800 UFCWU members are affected by what the union
+terms as a lockout.  A 3-1/2 year labor contract at the plant
+expired December 13.
+    Zack said IBP's proposal included elimination of a two-tier
+wage structure, a 60 cent an hour wage cut for slaughterers and
+a 45 cent an hour wage reduction for processors.
+    The new proposal also included a bonus system of 1,000 dlrs
+for workers who had been at the plant for two years, Zack said.
+The annual turnover rate at the facility is 100 pct, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18914" NEWID="2496">
+<DATE> 5-MAR-1987 17:13:19.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0950&#31;reute
+d f BC-SWIFT-INDEPENDENT-PAC   03-05 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWIFT INDEPENDENT PACKING CO &lt;SFTPr> 1ST QTR NET</TITLE>
+<DATELINE>    DALLAS, March 5 - </DATELINE><BODY>Periods ended January 31
+    Net 1,443,000 vs 3,539,000
+    Revs 765.2 mln vs 685.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18915" NEWID="2497">
+<DATE> 5-MAR-1987 17:13:33.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0951&#31;reute
+f f BC-******CHEMLAWN-SAYS-I   03-05 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHEMLAWN SAYS IT REJECTS 27 DLRS PER SHARE TENDER OFFER FROM WASTE MANAGEMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18916" NEWID="2498">
+<DATE> 5-MAR-1987 17:19:19.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0961&#31;reute
+r f BC-USG-&lt;USG>-DEBENTURES   03-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USG &lt;USG> DEBENTURES YIELD 8.77 PCT</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>USG Corp is raising 200 mln dlrs
+through an offering of debentures due 2017 yielding 8.77 pct,
+said lead manager Salomon Brothers Inc.
+    The debentures have an 8-3/4 pct coupon and were priced at
+99.784 to yield 120 basis points over the off-the-run 9-1/4 pct
+Treasury bonds of 2016.
+    Non-refundable for 10 years, the issue is rated A-1 by
+Moody's and A by Standard and Poor's. A sinking fund starting
+in 1998 to retire five pct of the debentures annually can be
+increased by 150 pct at the company's option, giving them
+estimated average lives of 20.5 or 14.5 years, Salomon said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18917" NEWID="2499">
+<DATE> 5-MAR-1987 17:19:31.56</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>france</D><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0962&#31;reute
+r f AM-FRANCE-YUGOSLAV   03-05 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE, YUGOSLAVIA COMMISSION TO BOOST TRADE</TITLE>
+<DATELINE>    PARIS, March 5 - </DATELINE><BODY>France and Yugoslavia agreed to set up a
+joint economic commission as part of efforts to promote
+commercial links and industrial cooperation between the two
+countries.
+    The French Finance Ministry said the commission, to be
+composed of businessmen, was agreed during talks between
+Foreign Trade Minister Michel Noir and Yugoslavian minister
+without portfolio Egon Padovan.
+    A ministry statement said both sides had agreed on the need
+to boost trade links in keeping with an accord signed last year
+calling for a 50 pct rise in commercial exchanges between the
+two countries over the next six years.
+    French trade with Yugoslavia has grown little over the past
+two years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18922" NEWID="2500">
+<DATE> 5-MAR-1987 17:23:59.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0969&#31;reute
+b f BC-CHEMLAWN-&lt;CHEM>-REJEC   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMLAWN &lt;CHEM> REJECTS WASTE'S &lt;WMX> OFFER</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 5 -  </DATELINE><BODY>ChemLawn Corp said its board
+rejected Waste Management Inc's 27 dlr-per-share tender offer
+and urged its shareholders not to tender their shares.
+    ChemLawn said its board asked management and its financial
+advisor, Smith Barney, Harris Upham And Co Inc, to seek other
+purchasers of the company to maximize shareholder value.
+    ChemLawn also said it adopted a shareholder rights plan, or
+"poison pill," during a 120-intermin safeguard period its board
+adopted to deter attempts to acquire the company through any
+means other than an all-cash tender offer while it seeks other
+purchasers.
+    ChemLawn also said it began litigation against Waste
+Management in federal court in Columbus, seeking injunctive and
+other relief.
+    The suit alleges, among other things, that certain Waste
+Management officers and directors purchased ChemLawn's stock
+before making the tender offer. ChemLawn claimed such purchases
+possibly violated the officers' fiduciary duties and the
+Securities and Exchange Commission's insider trading rules.
+    Last week, Waste Management made a tender offer to acquire
+ChemLawn for 27 dlrs per share or 270 mln dlrs.
+    ChemLawn said its board was determined that Waste's offer
+was inadequate and not in the best interest of shareholders,
+and could "adversely affect" the interests of its employees,
+suppliers, creditors, and customers.
+    "Our board carefully reviewed Waste Management offer and
+concluded that it does not fully reflect the value of the
+company. We strongly urge our shareholders not to tender their
+shares to Waste Management," said Chairman L. Jack Van Fossen.
+    ChemLawn said its rights plan is designed to protect
+shareholders against abusive tactics, such as "market
+accumulations by Waste Management or others."
+    Under the plan, one comon stock purchase right will be
+distributed as a dividend on each outstanding share of ChemLawn
+common.
+    ChemLawn said its rights holders can buy a share of its
+common for one dlr if any entity acquires 25 pct or more of its
+commmon, other than by an all cash tender offer for all its
+shares or an approved acquisition agreement by its board.
+    It said the rights expire July three 1987, or 60 days after
+they become exercisable if later than that date. It said its
+board may redeem the rights for five cts per right any time
+prior to their exercise date.
+    ChemLawn said the plan will not be triggered by purchases
+purusant to Waste Management's present tender offer.
+    It said the dividend will be paid to shareholders of record
+March 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18918" NEWID="2501">
+<DATE> 5-MAR-1987 17:25:55.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0974&#31;reute
+r f BC-FIRST-TORONTO-ISSUING   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST TORONTO ISSUING DEBENTURE TO DUTCH PARENT</TITLE>
+<DATELINE>    TORONTO, March 5 - </DATELINE><BODY>&lt;First Toronto Capital Corp> said it
+planned to issue a five mln dlr convertible debenture to its
+Dutch parent, Arcalex B.V., which if fully converted would
+raise Arcalex's stake in First Toronto to 62 pct from 54 pct.
+    It said the debenture would have a five-year term, bear 10
+pct yearly interest and be redeemable by First Toronto after
+one year at issue price.
+    First Toronto, an investment bank, also said it planned to
+grant directors an option expiring March 1, 1992 to acquire up
+to 500,000 First Toronto common shares at five dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18919" NEWID="2502">
+<DATE> 5-MAR-1987 17:28:13.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0979&#31;reute
+r f BC-GARN-FEARS-RUN-ON-SAV   03-05 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GARN FEARS RUN ON SAVINGS AND LOAN DEPOSITS</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Sen. Jake Garn (R-Utah) said a delay
+in rescuing the Federal Savings and Loan Insurance Corp risked
+a run on thrift deposits by nervous customers.
+    Garn told a Georgetown University conference on financial
+institutions that news reports that the Federal Savings and
+Loan Insurance Corp was technically in deficit were true and
+urged swift congressional action to strengthen the fund.
+    Garn said his office received calls from individuals
+worried about the safety of their money. "The runs have started,"
+Garn, a member of the Banking Committee, said.
+    Legislation to infuse more money into the fund which
+insures savings deposits was to be voted on today by the
+committee but was postponed because of last-minute differences.
+    FSLIC has reserves of two billion dlrs but faces potential
+claims of 15 billion dlrs, Garn said.
+    He said the claims would not come all at once, however, and
+dismissed any real danger to deposits at federally insured
+thrifts up to the insurance level of 100,000 dlrs.
+    "People's money is safe," Garn said, but he added, "We need to
+quiet down the situation and put their fear to bed."
+    Garn said he and Committee Chairman William Proxmire
+(D-Wis) agree on the need for legislation but they differed
+over strategy.
+    Garn opposes including other issues in the legislation and
+would prefer a bill that was limited to restoring FSLIC and
+giving regulators more power to cope with failing banks and
+thrifts.
+    Proxmire's bill also would prohibit new so-called nonbank
+banks and thrifts which use a regulatory loophole to operate
+outside the usual legal limits on traditional banks.
+    William Isaac, former chairman of the Federal Deposit
+Insurance Corp, told the conference that if that fund were
+combined with FSLIC they could have 29 billion dlrs and cover
+contingencies for both the bank and thrift industries.
+    However, political differences make a merger of the two
+federal funds unlikely, Isaac, now president of the Secura
+Group, a consulting firm, said.
+    By the 1990's the financial industry will include a handful
+of nationwide institutions offering every type of financial
+service which evolved from today's banks, nontraditional
+financial firms and industrial companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18920" NEWID="2503">
+<DATE> 5-MAR-1987 17:30:08.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0984&#31;reute
+u f BC-BRAZILIAN-FINANCE-MIN   03-05 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN FINANCE MINISTER EXTENDS TRIP TO JAPAN</TITLE>
+<DATELINE>    BRASILIA, MARCH 5 - </DATELINE><BODY>Brazilian Finance Minister Dilson
+Funaro will extend his international tour, flying to Japan for
+talks with government officials and representatives of banks to
+explain Brazil's decision to halt payment of part of its
+109-billion dlrs foreign debt, Finance Ministry sources said.
+    Funaro, who is in Rome today, will fly to Tokyo on Sunday,
+after having completed a week-long trip to the United States,
+France, England, Italy, West Germany and Switzerland.
+    Brazil halted payment of interest rates on 68 billion dlrs
+owed to 700 private commercial foreign banks as part of an
+strategy to alleviate the burden of its commitments.
+    Funaro, who is accompanied by Central Bank governor
+Francisco Gros, met only with government officials of the
+countries visited over the week.
+    In Tokyo, however, he is due to meet private bankers, to
+whom Brazil owes some 6.8 billion dlrs, the sources said.
+    He is due back in Brasilia next Wednesday, March 11, the
+sources added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18921" NEWID="2504">
+<DATE> 5-MAR-1987 17:31:42.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0990&#31;reute
+r f BC-(CAMBIOR-INC)-FIVE-MT   03-05 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CAMBIOR INC) FIVE MTHS DEC 31 NET</TITLE>
+<DATELINE>    MONTREAL, March 5 -
+    </DATELINE><BODY>Shr 39 cts vs not given
+    Net 8,801,000 vs not given
+    Revs 33.2 mln vs not given
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18923" NEWID="2505">
+<DATE> 5-MAR-1987 17:33:22.05</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0995&#31;reute
+u f BC-CONAGRA-&lt;CAG>-TO-ACQU   03-05 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONAGRA &lt;CAG> TO ACQUIRE MONFORT &lt;MMFT></TITLE>
+<DATELINE>    GREELEY, Colo., March 5 - </DATELINE><BODY>ConAgra Inc agreed to acquire
+Monfort of Colorado Inc in a stock transaction, both companies
+said.
+    According to the letter of intent signed by the companies,
+ConAgra will acquire all of Monfort's 4.3 mln outstanding
+shares for 10.75 mln of its own shares.
+    Based on ConAgra's closing price of 34 dlrs today, the
+transaction is worth about 356.5 mln dlrs. The merger is
+expected to be completed in June, they said.
+    The companies said the acquisition will result in a
+restatement of ConAgra's earnings for the fiscal year ending
+May 31, but the restatement is not expected to materially
+change the previously reported, or upcoming, fiscal year-end
+earnings. In fiscal 1986, ConAgra had net income of 105.3 mln
+dlrs on sales of 5.9 billion dlrs.
+    For its fiscal year ending August 1986, Monfort reported
+25.1 mln dlrs in earnings on sales of 1.6 billion dlrs. The
+company is one of the largest lamb and beef producers in the
+U.S., producing, transporting and selling the products
+domestically and internationally.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18924" NEWID="2506">
+<DATE> 5-MAR-1987 17:33:36.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0996&#31;reute
+r f BC-GOULD-&lt;GLD>-REGISTERS   03-05 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOULD &lt;GLD> REGISTERS TO OFFER PREFERRED</TITLE>
+<DATELINE>    ROLLING MEADOWS, Ill., March 5 - </DATELINE><BODY>Gould Inc said it
+registered to offer two mln shares of convertible exchangeable
+preferred stock.
+    Gould said the proposed new issue will be underwritten by
+First Boston Corp and Kidder, Peabody and Co Inc.
+    In a registration statement filed with the Securities and
+Exchange Commission, Gould said the shares will be convertible
+at any time into Gould common.
+    The shares also will be exchangeable into Gould convertible
+subordinated debentures at a rate of 50 dlrs principal amount
+per debenture.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18925" NEWID="2507">
+<DATE> 5-MAR-1987 17:34:34.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0999&#31;reute
+r f BC-ROSTENKOWSKI-SAYS-TAX   03-05 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSTENKOWSKI SAYS TAX HIKE TOUGH WITHOUT REAGAN</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>House Ways and Means Committee
+chairman Dan Rostenkowski, an Illinois Democrat, said his
+committee would raise taxes if the idea were approved by
+Democrats as part of the 1988 budget, but the committee would
+find it difficult since President Reagan opposes tax increases.
+    "There's always the question of how to do it without Ronald
+Reagan. I'd rather have him than not," he told reporters after a
+meeting with House Speaker James Wright.
+    Wright approached the taxwriters with a tentative plan to
+raise 18 billion dlr in taxes in 1988 as part of a 36 billion
+dlr budget deficit reduction plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18926" NEWID="2508">
+<DATE> 5-MAR-1987 17:37:03.05</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0004&#31;reute
+u f BC-HOUSE-0/92-PLAN-SEEN   03-05 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE 0/92 PLAN SEEN SCALED-BACK TO 1987 WHEAT</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Key members of the House Agriculture
+committee have agreed to scale-back the 0/92 provision of a
+pending disaster aid bill to cover only 1987 crop wheat, but a
+broader 0/92 proposal is likely to be resurrected later,
+Congressional sources said.
+    The sources said key lawmakers including Reps. Glenn
+English (D-Okla.), and Dan Glickman (D-Kan.) agreed to support
+an amendment to be offered next week by Rep. Charles Stenholm
+(D-Tex.) which would limit 0/92 only to producers of 1987 crop
+winter and spring wheat.
+    This would scale-back the 0/92 provision to the original
+proposal by English allowing a pilot 0/92 program for 1987
+wheat only. That provision was later broadened by the
+subcommittee to include 1988 crop winter wheat.
+    Under 0/92, a farmer can forego planting a crop but still
+collect 92 pct of deficiency payments.
+    Earlier today, the House Agriculture committee postponed
+until next Tuesday a meeting to consider the disaster aid bill
+and 0/92.
+    The agreement to limit 0/92 to a wheat pilot program
+follows vocal criticism of the proposal by some influential
+farm groups who are concerned about the major impact of 0/92,
+and by members of Congress wary of reopening the farm bill.
+    Congressional sources said there has not been enough time
+to study the implications of a broad 0/92.
+    "The timing (of the proposal) is off," said one aide to a
+House Agriculture committee member.
+    However, several Congressional sources said they expect a
+broader 0/92 provision to emerge again when the House
+Agriculture committee is faced next month with the need to make
+spending cuts in the agriculture budget for fiscal 1988 as part
+of an overall deficit reduction package.
+    Gene Moos, aide to House Majority leader Tom Foley
+(D-Wash.), predicted agriculture's share of budget cuts may
+exceed one billion dlrs.
+    A broader 0/92 might be resurrected later because both the
+Congressional Budget Office and the Reagan administration
+estimate it would result in significant budget savings.
+    A U.S. Agriculture Department official said 0/92 for all
+1987 crops would save 300 to 400 mln dlrs and more than 1.5
+billion dlrs over five years.
+    Another factor which could affect the 0/92 debate is the
+approach of planting season, Congressional sources said.
+    Some officials said it already is late for implementation
+of a 0/92 in 1987 because farm program signup ends March 31 for
+wheat and feedgrains.
+    If Congress approved 0/92 later in the year sign-up either
+would have to be extended or reopened, sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18927" NEWID="2509">
+<DATE> 5-MAR-1987 17:37:17.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0006&#31;reute
+u f BC-ARIZONA-APPETITIO'S-&lt;   03-05 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARIZONA APPETITIO'S &lt;AAPI> TO SELL FRANCHISE</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 5 - </DATELINE><BODY>Arizona Appetito's Stores Inc
+said it has tentatively agreed to sell its franchise operation
+to privately-held Appetito's Inc.
+    Under the agreement, Appetito's Inc would acquire all
+Arizona Appetito's assets except for 25,000 dlrs in cash and
+assume all liabilities for 1,018,000 shares of Arizona
+Appetito's stock and 150,000 dlrs in a three-year secured
+promissory note.
+    After the transaction, which is subject to shareholder
+approval, Arizona Appetito's said it proposes to seek to merge
+or acquire an existing private company in the food sector.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18928" NEWID="2510">
+<DATE> 5-MAR-1987 17:42:10.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0017&#31;reute
+r f BC-TCW-CONVERTIBLE-SECUR   03-05 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TCW CONVERTIBLE SECURITIES &lt;CVT> SOLD STOCK</TITLE>
+<DATELINE>    LOS ANGELES, March 5 - </DATELINE><BODY>TCW Convertible Securities Fund Inc
+said it has sold 20 mln shares of its common stock to a group
+of underwriters led by Bear Stearns and Co Inc, E.F. Hutton and
+Co, Advest Inc, Blunt Ellis and Loewi Inc, Piper, Jaffray and
+Hopwook Inc and Sutro and Co Inc.
+    The shares were sold by the underwriters at ten dlrs per
+share in a public offering.
+    The offering produced net proceeds of 186 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18929" NEWID="2511">
+<DATE> 5-MAR-1987 17:42:44.67</DATE>
+<TOPICS><D>trade</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0018&#31;reute
+r f BC-trade   03-05 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAVORED TRADE STATUS FOR MOSCOW STILL OPPOSED</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The Reagan administration wants to
+encourage expanded trade with the Soviet Union but does not
+believe Moscow yet warrants most-favored-nation treatment,
+Deputy Secretary of State John Whitehead said.
+    "It seems to me that more trade between us is better than
+less trade," he told a forum on U.S.-Soviet trade relations.
+    To that end, the administration in January allowed foreign
+policy controls on the export of oil and gas equipment to the
+Soviet Union to lapse, he said.
+    Also, Washington and its allies are reviewing remaining
+export controls in hopes of simplifying the list of prohibited
+items and speeding up the licensing process, he said.
+    Whitehead said, however, the prefential treatment that
+comes with most-favored-nation status is out for the moment.
+    U.S. law prohibits most-favored-nation status for countries
+that restrict emigration and other rights.
+    "What we have seen so far (in improved rights under Soviet
+Leader Mikhail Gorbachev) are promising trends," he said.
+    But, he added: "We don't know if they will continue, we
+don't know how significant they will be."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18930" NEWID="2512">
+<DATE> 5-MAR-1987 17:43:27.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0021&#31;reute
+r f BC-MCDONNELL-DOUGLAS-&lt;MD   03-05 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL DOUGLAS &lt;MD> NOT APPROACHED BY PESCH</TITLE>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>McDonnell Douglas Corp, which has a five
+mln dlr investment in Republic Health Corp &lt;REPH>, said it has
+not been approached to sell its shares in Republic Health.
+    Earlier, Alpha Health Systems Corp, a unit of Pesch and Co,
+said it submitted a merger proposal to the board of REPH
+Acquisition Co, the parent of Republic Health. LeRoy A. Pesch
+is the principal stockholder of Pesch.
+    "We have not been approached by Mr. Pesch or anybody else
+with respect to our holdings" in Republic Health, a McDonnell
+Douglas spokesman told Reuters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18931" NEWID="2513">
+<DATE> 5-MAR-1987 17:44:30.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0023&#31;reute
+u f BC-PARADYNE-&lt;PDN>-PLEADS   03-05 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARADYNE &lt;PDN> PLEADS GUILTY TO CRIMINAL CHARGE</TITLE>
+<DATELINE>    LARGO, Fla, March 5 - </DATELINE><BODY>Paradyne Corp said it pleaded guilty
+to criminal charges of conspiracy to defraud the Social
+Security Administration and agreed to pay 1.2 mln dlrs in fines
+and costs to the U.S. Government.
+    The company also reached agreements in principle for an 8.1
+mln dlr settlement of class action law suits.
+    About 2.9 mln dlrs of the class action settlement will be
+provided by Paradyne's insurance carrier. The settlement is
+contingent on court approval after notice to class members, it
+said.
+     The criminal case settlement dismisses all charges
+including bribery and false statement, except for conspiracy to
+which Paradyne pleaded guilty.
+    The criminal settlement includes the lifting of the
+government's suspension, the dismissal of the federal civil
+false claims suit and all charges against the individuals.
+    Of the 2.9 mln dlrs the insurance carrier will provide for
+the civil settlement, 750,000 dlrs will go to settle a
+derivative lawsuit.
+    For the year ended December 31, Paradyne reported a net
+loss of 38.5 mln dlrs. The year-end results include an 8.0 mln
+dlrs provision for future legal and or settlement costs to
+cover the civil and criminal settlements announced today.
+    Paradyne also said it named Jerry Kendall as president and
+chief executive officer, succeeding Robert Wiggins who resigned
+as chairman and chief executive officer as part of the
+settlement of the indictment.
+    Kendall formerly served as executive vice president and
+chief operating officer.
+    The company also said that due to the sluggish marketplace,
+it does not expect to be profitable in the first quarter but is
+optimistic about the outlook for the year.
+    For the first quarter of 1986, the company reported net
+income of 875,000 dlrs on sales of 66.0 mln dlrs.
+    Wiggins was among five Paradyine executives who were
+charged along with three former officers in a 1985 federal
+indictment stemming from a 115 mln contract awarded to Paradyne
+in 1981 to build a computer network for the Social Security
+Administration.
+    The men were accused of conspiring to bribe government
+officials and defaud the Social Security Administration.
+Wiggins and other defendants were also charged with providing
+false testimony and obstructing justice during a Securities and
+Exchange Commission investigation.
+ 
+   Under the settlement announced today, federal prosecutors
+agreed to defer all charges against Wiggins and three other
+defendants under a one-year pretrial agreement.
+    The charges would then be dropped if the defendants
+successfully complete the probation period. Details of the
+requirements in the agreement were not immediately available.
+          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18932" NEWID="2514">
+<DATE> 5-MAR-1987 17:46:11.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0025&#31;reute
+d f BC-INTEREST-IN-OPTIONS-S   03-05 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEREST IN OPTIONS STIRRED BY U.S. FARM PLANS</TITLE>
+<AUTHOR>    By Nelson Graves, Reuter</AUTHOR>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>In their search for ways to cut
+spending on U.S. farm programs, policymakers and their advisers
+here are citing trading in options contracts as an alternative
+to federal income and price supports.
+    Critics of costly federal farm programs maintain that the
+government could get out of guaranteeing minimum support prices
+if farmers systematically used options contracts to protect
+themselves against vacillating market prices.
+    "With agricultural options now available, there is less need
+for government price support programs to provide price
+stability for farmers," the Heritage Foundation, a conservative
+think tank, said in a recent position paper.
+    "Washington no longer needs to restrict the level and
+variability of commodity market prices. Farmers and others in
+agribusiness can now achieve the benefits of price stability by
+trading in option markets," the paper, written by Clemson
+University professor Kandice Kahl, said.
+    Critics of farm programs contend that options offer the
+benefits of price support programs without entailing the cost
+to taxpayers.
+    Kahl's paper urged farmers to buy "put" options in order to
+obtain the right to sell at a particular price to the private
+seller of the option contract.
+    "This gives the farmer a guaranteed price, but still allows
+him to profit from higher market prices, if they are available,
+by foregoing his option," Kahl said.
+    Interest in promoting understanding of options trading
+among farmers also has been stirred in Congress by a proposed
+change in agricultural policy that would have the effect of
+exposing participants in federal farm programs to fluctuations
+in income subsidies.
+    The proposal -- supported by the Reagan administration and
+a cross-section of lawmakers -- would allow farmers to receive
+at least 92 pct of their income subsidies regardless of how
+much they planted.
+    Under current law, farmers enrolled in federal price
+stabilization programs receive income subsidies, or deficiency
+payments, equal to the difference between a set target price
+and the higher of the support price or market price.
+    The so-called decoupling plan, or "0/92", would aim to
+curtail surplus production by eliminating the requirement that
+farmers plant in order to receive deficiency payments.
+    Critics of "0/92" plan contend that if the scheme succeeded
+in curbing surplus output, market prices would rise and
+deficiency payments fall -- leaving farmers who chose not to
+plant with shrunken income subsidies and no crops to sell.
+    Sen. Rudy Boschwitz (R-Minn.), who has been in the
+forefront of efforts to decouple income support from acreage
+plantings, advocates replacing the variable deficiency payment
+with a fixed and gradually declining payment.
+    But many farm state lawmakers are turned off by the idea of
+offering fixed subsidies to farmers who plant nothing.
+    Some congressional staff members said they are intrigued by
+the notion of having the federal government subsidize the
+purchase of "call" options to help farmers hedge their income
+risk.
+    By buying a call option, the farmer would obtain the right
+to buy a commodity at a particular price. If the market price
+rose above that option price, the farmer could exercise the
+option and sell the commodity on the spot market, making up
+most of the reduction in the deficiency payment.
+    An aide to Boschwitz said the senator might offer
+legislation linking options and decoupling, but that it might
+have to await the results of a pilot project on futures and
+options trading mandated by the 1985 farm bill.
+    The bill required USDA, in association with the Commodity
+Futures Trading Commission, to conduct a pilot program in at
+least 40 counties which produce major program crops.
+    The program, only recently launched, was designed to
+encourage producers to participate in futures and options
+markets and to ensure that producers' net returns would not
+fall below the county loan level for the crops in question.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18933" NEWID="2515">
+<DATE> 5-MAR-1987 17:48:45.84</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0032&#31;reute
+u f BC-SOUTH-AFRICAN-FIRM-TO   03-05 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICAN FIRM TO CONTINUE TESTS</TITLE>
+<DATELINE>    JOHANNESBURG, March 5 - </DATELINE><BODY>South Africa's state-owned energy
+firm Soekor said it would continue tests after striking oil
+some 120 kms (75 miles) south-southwest of Mossel Bay.
+    During production tests, about 5,000 barrels of oil and
+five mln cubic feet of gas per day were produced, it said.
+    "This oil discovery will be followed-up as soon as possible
+by further seismic surveys and drilling. Should further
+drilling and tests in the area yield positive results oil
+production from a floating platform could be considered."
+    Director General of Mineral and Energy Affairs Louw Alberts
+announced the strike earlier but said it was uneconomic.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18934" NEWID="2516">
+<DATE> 5-MAR-1987 17:49:36.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0033&#31;reute
+h f BC-CEMDAC-GOES-OUT-OF-BU   03-05 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CEMDAC GOES OUT OF BUSINESS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 5 - </DATELINE><BODY>Cemdac Corp said it told the state
+of Minnesota to permanently suspend trading of its common
+stock.
+    The company said it is ceasing operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18935" NEWID="2517">
+<DATE> 5-MAR-1987 17:51:11.90</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>greece</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0035&#31;reute
+u f AM-GREECE-AEGEAN   03-05 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREECE REPEATS IT CAN DECIDE ON AEGEAN DRILLING</TITLE>
+<DATELINE>    ATHENS, March 5 - </DATELINE><BODY>Greece, replying to a warning from Turkey
+that it will stop Athens from seeking oil in the Aegean Sea,
+repeated today that it has an exclusive right to decide where
+or when to drill in the area.
+    A government spokesman said in a statement that if Ankara
+believed Greece was contravening international law, it could
+bring the issue before the courts.
+    The spokesman was responding to a statement by Turkish
+Foreign Ministry spokesman Yalim Eralp that Ankara would take
+action to stop Greece's oil activities beyond its territorial
+waters as they were a violation of the 1976 Berne accord.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18936" NEWID="2518">
+<DATE> 5-MAR-1987 17:59:08.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0046&#31;reute
+d f BC-NCA-CORP-&lt;NCAC>-4TH-Q   03-05 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NCA CORP &lt;NCAC> 4TH QTR LOSS</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 5 -
+    </DATELINE><BODY>Shr loss 45 cts vs loss 1.34 dlrs
+    Net loss 1,240,000 vs loss 3,621,000
+    Revs 6,264,000 vs 4,626,000
+    Year
+    Shr loss 90 cts vs loss 2.01 dlrs
+    Net loss 2,487,000 vs loss 5,406,000
+    Revs 20.8 mln vs 21.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18937" NEWID="2519">
+<DATE> 5-MAR-1987 17:59:14.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0047&#31;reute
+h f BC-BIOMEDICAL-DYNAMICS-C   03-05 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOMEDICAL DYNAMICS CORP &lt;BMDC> 4TH QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 5 -
+    </DATELINE><BODY>Shr profit one ct vs loss two cts
+    Net profit 52,405 vs loss 67,967
+    Sales 289,572 vs 188,713
+    Year
+    Shr loss one cts vs loss five cts
+    Net loss 51,019 vs loss 201,680
+    Sales 1.1 mln vs 490,935
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18938" NEWID="2520">
+<DATE> 5-MAR-1987 18:00:50.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0048&#31;reute
+u f BC-SANTA-FE-SOUTHERN-PAC   03-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTA FE SOUTHERN PACIFIC APPEALS MERGER RULING</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Santa Fe Southern Pacific Corp will
+later today formally ask the U.S. Interstate Commerce
+Commission (ICC) to reconsider its earlier rejection of the
+merger of the holding company's railroad assets, a company
+spokesman said.
+    "We expect to file papers late tonight" asking the ICC to
+reopen the rail merger case, spokesman Rich Hall said in a
+telephone interview from the company's Chicago headquarters.
+    The ICC had rejected in July, on grounds it would reduce
+competition, the merger of the Santa Fe and Southern Pacific
+Railroads.
+    The deadline for seeking ICC reconsideration of the merger
+plan is midnight tonight.
+    Santa Fe Southern Pacific owns the Santa Fe railroad and
+holds the Southern Pacific railroad assets in trust while
+awaiting federal approval of the merger plan.
+    The ICC had ordered the holding company to divest one or
+the other railroad but stayed its ruling pending a decision on
+the request for reconsideration.
+    If the ICC ultimately decides not to reopen the case, it is
+expected to reinstate the divestiture order.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18939" NEWID="2521">
+<DATE> 5-MAR-1987 18:02:33.22</DATE>
+<TOPICS><D>coffee</D><D>oilseed</D><D>soybean</D><D>trade</D><D>sugar</D><D>cocoa</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>dauster</D></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0052&#31;reute
+d f BC-BRAZIL-DEBT-SEEN-PART   03-05 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL DEBT SEEN PARTNER TO HARD SELL TACTICS</TITLE>
+<AUTHOR>    By Brian Killen, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 5 - </DATELINE><BODY>Brazil's recent announcement of a
+suspension in interest payments on 68 billion dlrs of foreign
+debt gave the banking system the jitters and confirmed views
+among many international economists and commodities analysts
+that Brazil will continue to flex its trading muscles in 1987.
+    The developing world's most indebted nation is also its
+most prolific exporter of agricultural commodities such as
+coffee and soybeans, and might maximize foreign exchange
+revenue by selling hard on world markets, economists said.
+    "That sounds like a reasonable strategy. But there is no
+way they can trade their way out of this situation," Aldo
+Roldan, Vice President for International Services at Chase
+Econometrics, said.
+    Roldan told Reuters that Brazil not only had to tackle the
+problems of satisfying domestic demand and competing on glutted
+world markets, but also had to work to make its position on
+foreign exchange markets more profitable.
+    "Domestic costs have increased (due to inflation) and
+exporters have not had the same offsetting movement in exchange
+rates," Roldan said.
+    The Chase economist also said commodities markets were
+depressed and generally did not appear very promising for a
+country like Brazil, where pure commodities account for some 50
+pct of exports and in 1986 had a total value of around 23
+billion dlrs.
+    But he added: "They are always pretty aggressive and they
+have good foreign marketing channels."
+    Analysts said a key factor in Brazilian trade will be
+coffee, and even without background pressure from foreign
+creditors the world's largest producer was expected to hit the
+market this year with a vengeance.
+    Negotiations between International Coffee Organization
+(ICO) members to re-establish producer export quotas broke up
+earlier this week with major producers and consumers accusing
+each other of intransigence.
+    "Brazil would not tolerate a change in ICO regulations,
+which others wanted changed," one senior coffee dealer said.
+    The dealer, who declined to be named, said Brazil wanted to
+preserve its market share. At the end of the talks, he said
+Brazil hinted it could sell more than anyone else and others
+would suffer.
+    Brazil will be an aggressive seller under any scenario but
+as yet there is no sign of unusually heavy Brazilian sales, the
+dealer said.
+    "If they do come into the market at this level it will go
+lower and you could breach a dollar, ninety or eighty cents,"
+he said.
+    New York coffee futures for May delivery settled 2.29 cents
+lower Thursday at 104.68 cents a lb, while more distant
+deliveries fell the six-cent maximum trading limit.
+    President of the Brazilian Coffee Institute, Jorio Dauster
+told a press conference in Rio de Janeiro today that Brazil has
+no set target for its coffee exports following the breakdown of
+the ICO talks on export quotas.
+    Many economists and analysts believe soybeans could be the
+focus of possible stepped-up Brazilian marketing efforts. "They
+will be more aggressive this year than they have ever been,"
+according to Richard Loewy, analyst for Prudential-Bache
+Securities Inc.
+    Loewy believes the foreign debt problem, a good crop, plus
+difficulties with storage would help motivate selling of the
+Brazil soybean crop. "Brazilian farmers also need cash flow and
+they can't afford to store the crops," he said.
+    The Chicago soybean complex has been nervous for some time
+about large South American crops developing under near ideal
+conditions towards record yields.
+    "We are going to see a very rapid decline, earlier than
+usual, this year in our (U.S.) exports," Loewy said.
+    Tommy Eshleman, economist for the American Soybean
+Association (ASA), said this year's Brazilian soybean harvest
+could total 18 mln tonnes, versus 13.7 mln last year.
+    Marketings will be very aggressive this summer when prices
+are usually high relative to the rest of the year due to the
+vulnerability of the U.S. crop to bad growing weather.
+    Another incentive to sell might be trade anticipation of a
+reduction in the U.S. government soybean loan rate, offered to
+farmers who give crops as collateral, Eshleman said.
+    He said there has been some uncertainty this year about the
+soybean loan rate, which acts as an effective floor for prices
+by keeping supplies away from the free market. Farmers can
+forfeit their beans to the government rather than repay the
+loan.
+    "We're getting into a period when they (Brazil) are
+starting to harvest and starting to export," Eshleman said. But
+he added it will be a while before U.S. exports fall to below
+10 mln bushels a week from around 20 mln bushels currently.
+    Jose Melicias from the research department of Drexel
+Burnham Lambert said Brazil would be trying to export as much
+as it can this year because of its economic situation.
+    He said the debt situation was a major consideration. "The
+Brazilian government also does not have enough money to pay for
+storage," he added.
+    Asked if a return to an inflationary environment in Brazil
+would make farmers inclined to hold onto crops, Melicias said
+it would not make a big difference.
+    On other commodity markets, Brazil's selling impact may be
+muted no matter its need to generate capital.
+    Brazil is faced with a poor 1986/87 sugar harvest, which
+could limit exports to the world market, analysts said. The
+country may have oversold and be unable to honor export
+commitments, and this plus higher domestic demand caused by
+consumer price subsidies on ethanol and refined sugar, will
+give it little room to stretch exports, they said.
+    Brazil's other major crop, cocoa, is in its third year of
+surplus. "Cocoa consumption is basically flat and last year it
+fell, so I don't think they can start throwing out cocoa and
+find many more markets for it," one analyst said.
+    "If they come out as aggressive sellers, the market would
+collapse and they can't afford to do that," she added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18940" NEWID="2522">
+<DATE> 5-MAR-1987 18:03:43.27</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>france</D><D>saudi-arabia</D><D>iran</D><D>iraq</D><D>uae</D><D>kuwait</D><D>qatar</D><D>nigeria</D><D>libya</D><D>algeria</D><D>gabon</D><D>venezuela</D><D>ecuador</D><D>indonesia</D><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>iea</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0057&#31;reute
+u f BC-IEA-SAYS-OPEC-FEBRUAR   03-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IEA SAYS OPEC FEBRUARY CRUDE OUTPUT 16.1 MLN BPD</TITLE>
+<DATELINE>    PARIS, March 6 - </DATELINE><BODY>OPEC produced an average 16.1 mln barrels
+per day (bpd) of crude oil in February, down from 16.5 mln the
+previous month and an overall 17.3 mln bpd in fourth quarter
+1986, the International Energy Agency said.
+    A few OPEC countries last month exceeded the production
+quotas set at their last conference in December, but liftings
+were reduced from several countries, it said in its latest
+monthly oil market report.
+    These cutbacks were due in part to buyer resistance to
+fixed prices, introduced from February 1, particularly for
+fixed volumes over an extended period.
+    It gave this breakdown for OPEC crude output, in mln bpd
+                    FOURTH QTR 1986  JANUARY 1987  FEBRUARY
+1987
+    SAUDI ARABIA    4.9              3.7           3.8
+    IRAN            1.6              2.2           1.9
+    IRAQ            1.6              1.6           1.7
+    UAE             1.3              1.2           1.2
+    KUWAIT          1.0              1.0           1.0
+    NEUTRAL ZONE    0.5              0.4           0.4
+    QATAR           0.3              0.3           0.2
+    NIGERIA         1.3              1.2           1.2
+    LIBYA           1.0              1.0           1.0
+                    FOURTH QTR 1986  JANUARY 1987  FEBRUARY
+1987
+    ALGERIA         0.6              0.6           0.6
+    GABON           0.1              0.2           0.2
+    VENEZUELA       1.6              1.6           1.6
+    ECUADOR         0.2              0.2           0.2
+    INDONESIA       1.3              1.2           1.2
+    TOTAL           17.3             16.5          16.1
+    The IEA said while Saudi production stayed below its quota
+of 4.133 mln bpd, actual sales might exceed output due to
+Norbec stock disposals. Contracts for Saudi crude have been
+signed, but it is understood they have much leeway in required
+liftings.
+    The report said the reduction in Iraqi air attacks on
+Iranian export facilities allowed Iran's output to reach 2.2
+mln bpd in January, but buyer resistance to fixed prices
+apparently cut February production.
+    It said Iraqi exports are about 1.0 mln bpd through the
+Turkish pipeline, 0.1-0.2 mln by truck through Jordan and
+0.2-0.3 mln via the Saudi pipeline to Yanbu. Internal
+consumption is some 0.3 mln bpd.
+    The IEA estimated total non-communist world oil supply in
+February at 45.0 mln bpd, down from 45.4 mln in January and
+47.0 mln in the fourth quarter.
+    The February world supply figure is made up of 16.1 mln bpd
+OPEC crude production, 1.4 mln bpd OPEC natural gas liquids
+(ngls), 16.6 mln bpd OECD crude and ngls, 8.3 mln bpd other
+developing countries' crude and ngls, net trade of 1.1 mln bpd
+with centrally planned economies, 0.5 mln bpd of
+non-conventional crudes (such as tar sands and oil from coal)
+and 1.0 mln bpd from processiing gains.
+    Within the OECD, preliminary Norwegian data show record
+1.06 mln bpd output in January, with lower production expected
+in February in accordance with government curtailments of
+approximately 80,000 bpd, announced in support of OPEC.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18941" NEWID="2523">
+<DATE> 5-MAR-1987 18:08:46.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0072&#31;reute
+r f BC-ICN-&lt;ICN>-SUBJECT-OF   03-05 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICN &lt;ICN> SUBJECT OF CLASS ACTIONS</TITLE>
+<DATELINE>    LOS ANGELES, March 5 - </DATELINE><BODY>Two separate class action lawsuits
+were filed against ICN Pharmaceuticals Inc and its Viratek Inc
+&lt;VIRA> subsidiary, charging the companies with disseminating
+allegedly false and misleading information regarding the
+company's drug Virazole, which is being tested as a possible
+treatment for AIDS.
+    The suit, filed in Federal Court here on behalf of ICN
+shareholders, charges that disclosures made by ICN over about
+the past year encouraged the investing public to believe that
+Virazole was a promising drug of major importance and did not
+disclose serious adverse side effects, court documents said.
+    An ICN spokesman declined comment on the lawsuits.
+Attorneys for the plaintiffs were not immediately available for
+comment.
+    Virazole, also known as ribavirin, is undergoing extensive
+testing as a possible treatment for AIDS-related illnesses.
+    The drug, which is available in a number of countries
+outside the United States, has been approved by the FDA for use
+domestically in aerosol form as a treatment for an infection
+that strikes young children, called respiratory syncytial
+virus.
+    The FDA and a house subcommittee are conducting their own
+separate probes into whether ICN withheld data from the FDA on
+adverse reactions to the antiviral drug.
+    The Securities and Exchange Commission is also
+investigating the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18942" NEWID="2524">
+<DATE> 5-MAR-1987 18:09:02.88</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0073&#31;reute
+u f BC-SENATE-GROUP-URGES-SU   03-05 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE GROUP URGES SUBSIDIES FOR USSR</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>A majority of the Senate Agriculture
+Committee urged President Reagan to reverse his opposition to
+export subsidies to the Soviet Union as a way to get its
+negotiators to purchase some 500 mln dlrs in American wheat.
+    The group, led by committee chairman Patrick Leahy, a
+Vermont Democrat, urged Reagan to step up negotiations with the
+Soviet Union by providing export subsidies to help U.S.
+farmers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18943" NEWID="2525">
+<DATE> 5-MAR-1987 18:09:17.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>nicaragua</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0074&#31;reute
+u f AM-REAGAN-CONTRAS-1STLD   03-05 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADMINISTRATION MOVES TO FREE REST OF CONTRA AID</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The Reagan administration issued a
+formal statement to Congress designed to free the remaining 40
+mln dlrs in 1987 aid for the U.S.-backed "Contra" rebels in
+Nicaragua.
+    The aid is the last instalment of 100 mln dlrs voted by
+Congress for the Contras, and is to be spent on major military
+equipment. Congress now has 15 days to disapprove of the 40 mln
+dlrs.
+    White House spokesman Marlin Fitzwater said: "We think the
+prospects for approval are very good."
+    The long-awaited administration move followed by one day
+President Reagan's speech to the nation on a report on the
+secret Iran arms sales to Iran and diversion of profits to the
+contras.
+    In the House of Representatives earlier today, Rep. David
+Bonior, a Michigan Democrat, told reporters Democratic leaders
+in the House had decided to push for a 180-day moratorium on
+further aid. He said the House would vote next Wednesday.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18944" NEWID="2526">
+<DATE> 5-MAR-1987 18:10:33.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0080&#31;reute
+r f BC-ENFIELD-CORP-PLANS-NO   03-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENFIELD CORP PLANS NOTES, PREFERRED ISSUE</TITLE>
+<DATELINE>    TORONTO, March 5 - </DATELINE><BODY>&lt;Enfield Corp Ltd> said it planned to
+issue 60 mln dlrs principal amount of notes and 1.6 mln class E
+preferred shares at 25 dlrs a share.
+    The notes would bear 8 pct yearly interest, mature March
+31, 2002 and be convertible to common shares on either March
+31, 1997 or the business day before a fixed redemption date at
+13.50 dlrs a share, Enfield said.
+    It said each preferred share would be convertible to 1.85
+common shares on either March 31, 1997 or the business day
+before a fixed redemption date. Gordon Capital Corp and
+Dominion Securities Inc agreed to acquire the issues, it said.
+    Enfield said it would use proceeds to retire short-term
+bank debt and boost its 22 pct stake in &lt;Consumers Packaging
+Inc> and its interest in &lt;Federal Pioneer Ltd> through open
+market purchases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18945" NEWID="2527">
+<DATE> 5-MAR-1987 18:11:12.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0082&#31;reute
+u f BC-HOLIDAY-&lt;HIA>-UNIT-SE   03-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLIDAY &lt;HIA> UNIT SELLS NOTES AND DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Holiday Inns Inc, a unit of Holiday
+Corp, is raising 1.4 billion dlrs through offerings of notes
+and debentures, said bookrunner Drexel Burnham Lambert Inc.
+    Junk bond traders said they thought this to be the
+second-largest junk bond deal ever brought to market. They said
+the biggest was BCI Holdings' 2.35 billion dlr offering on
+April 10, 1986.
+    Via sole manager Drexel, Holiday Inns is selling 900 mln
+dlrs of senior notes due 1994 with a 10-1/2 pct coupon and par
+pricing. Non-callable for five years, the notes are rated B-1
+by Moody's and B-plus by Standard and Poor's.
+    Holiday Inns is also offering 500 mln dlrs of subordinated
+debentures due 1999 with an 11 pct coupon and par pricing. The
+debentures are non-callable for three years and non-refundable
+for five years, Drexel said as lead manager.
+    A sinking fund starts in 1997 to retire 60 pct of the
+debentures by maturity. This issue is rated B-2 by Moody's and
+B-minus by Standard and Poor's. Goldman Sachs co-managed the
+debenture deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18946" NEWID="2528">
+<DATE> 5-MAR-1987 18:15:11.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0086&#31;reute
+d f BC-WICHITA-&lt;WRO>-TO-BUY   03-05 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WICHITA &lt;WRO> TO BUY FOUNTAIN OIL &lt;FGAS></TITLE>
+<DATELINE>    DENVER, Colo., March 5 - </DATELINE><BODY>Wichita Industries Inc said it
+agreed to buy Fountain Oil and Gas Inc.
+    Wichita said it it will acquire all of the outstanding
+shares of Fountain in an exchange for about 11 mln newly issued
+Wichita common shares. Wichita presently has about 3.6 mln
+shares outstanding.
+    The transaction calls for the issuance of 1-1/2 shares of
+Wichita common for each outstanding Fountain share.
+    Wichita also said it made a number of refinancing
+agreements in connection with the acquisition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18947" NEWID="2529">
+<DATE> 5-MAR-1987 18:15:53.47</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0089&#31;reute
+u f BC-ARGENTINE-INFLATION-R   03-05 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE INFLATION ROSE 6.5 PCT IN FEBRUARY</TITLE>
+<DATELINE>    BUENOS AIRES, March 5 - </DATELINE><BODY>Argentina's cost of living index
+grew 6.5 pct in January, down from last month's 7.6 pct, the
+National Statistics Institute said.
+    It said consumer prices rose 98.9 pct over the last 12
+months, against 81.9 pct inflation in the calendar year 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18948" NEWID="2530">
+<DATE> 5-MAR-1987 18:16:04.41</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>mexico</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0090&#31;reute
+u f BC-pemex-announces-febru   03-05 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEMEX LOWERS FEBRUARY FAR EAST CRUDE OIL PRICES</TITLE>
+<DATELINE>    MEXICO CITY, March 5 - </DATELINE><BODY>The Mexican state oil company
+Petroleos Mexicanos (PEMEX) said its Far East customers would
+be charged 17.25 dlrs per barrel for Isthmus crude in February
+and 14.45 dlrs for the heavier Maya.
+    Pemex said this was 32 cts less than January Isthmus and 15
+cts less than January Maya.
+    Far East customers, primarily Japan which buys an average
+180,000 barrels per day of which 150,000 is Isthmus, pay
+retroactively while European and U.S. clients are charged per
+delivery.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18949" NEWID="2531">
+<DATE> 5-MAR-1987 18:16:23.92</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0091&#31;reute
+u f BC-N.Z.-DECEMBER-QUARTER   03-05 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. DECEMBER QUARTER RETAIL SALES FALL 13.2 PCT</TITLE>
+<DATELINE>    WELLINGTON, March 6 - </DATELINE><BODY>Retail sales in the quarter ended
+December 31 fell a seasonally adjusted 13.2 pct compared with a
+7.8 pct rise in the September quarter and a 1.3 pct fall a year
+ago period, the Statistics Department said.
+    Actual retail sales in the December quarter totalled 6.17
+billion N.Z. Dlrs compared with 6.70 billion in the previous
+quarter and 6.10 billion a year ago period.
+    The largest decreases in the December quarter were recorded
+by the same stores which recorded the highest increase in sales
+in the September 1986 quarter before the introduction of a 10
+pct value added goods and services tax on October 1, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18950" NEWID="2532">
+<DATE> 5-MAR-1987 18:17:18.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0093&#31;reute
+u f BC-REPH-ACQUISITION-TO-N   03-05 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPH ACQUISITION TO NEGOTIATE PESCH MERGER BID</TITLE>
+<DATELINE>    DALLAS, March 5 - </DATELINE><BODY>REPH Acquisition Co said its board
+appointed a special committee to negotiate the terms of an
+offer made earlier today by &lt;Pesch and Co> to merge with its
+Republic Health Corp &lt;REPH> unit.
+    Pesch, through its Alpha Health Systems Corp unit, offered
+to acquire the 36 pct of Republic Health stock that it does not
+already own.
+    Terms of Pesch's offer have not been disclosed.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18951" NEWID="2533">
+<DATE> 5-MAR-1987 18:18:40.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0095&#31;reute
+r f BC-ROYAL-TRUST-PLANS-154   03-05 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL TRUST PLANS 154.7 MLN DLR SHARE ISSUE</TITLE>
+<DATELINE>    TORONTO, March 5 - </DATELINE><BODY>&lt;Royal Trustco Ltd> said it planned a
+154.7 mln dlr issue in Canada in late March of 4.5 mln class A
+common shares at 34.375 dlrs a share.
+    The company added that it would also double the amount of
+class A and class B common shares on June 26, 1987 through a
+stock dividend of one class A or one class B share for each
+class A or class B share held on June 5 record date.
+    Each series A and B cumulative redeemable convertible
+preferred share will be convertible after June 5 to 5.70 common
+shares, Royal Trust said. The current conversion rate is 2.85
+common shares for each preferred.
+    Royal Trust said it would use proceeds to acquire
+income-producing investments.
+    Underwriters are Gordon Capital Corp and Dominion
+Securities Inc as co-lead managers and Merrill Lynch Canada
+Inc, McLeod Young Weir Ltd, Nesbitt Thomson Deacon Inc and Wood
+Gundy Inc. as co-managers, Royal Trust said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18952" NEWID="2534">
+<DATE> 5-MAR-1987 18:25:29.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0104&#31;reute
+r f BC-COMDATA   03-05 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNT GROUP HAS COMDATA STAKE, SEEKS INFLUENCE</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>An investor group led by members of
+the Hunt family of Dallas, Texas, told the Securities and
+Exchange Commission it has acquired a 6.2 pct stake in Comdata
+Network Inc &lt;CDN> and may try to influence company policy.
+    The investor group, led by Rosewood Financial Inc, said it
+opposes a company recapitalization plan worked out between
+Comdata and Mason Best Co, a Texas investment firm, which last
+reported holding about 9.5 pct of the company's stock.
+    The Hunt group said it offered on March 3 to buy the entire
+5.3 pct stake held by dissident shareholder Donald Carter at 14
+dlrs each, but has received no reply as of yesterday.
+    Rosewood, which is owned by the Caroline Hunt Trust Estate,
+whose trustees include Margaret Hunt Hill, also said it has
+notified the Federal Trade Commission of its intent to buy
+between 15 and 25 pct of Comdata's common stock.
+    Under federal law, it cannot buy more than 15 pct of
+Comdata's stock until a 15 to 30 day waiting period is over,
+unless the FTC gives it early approval.
+    Under the proposed Comdata recapitalization plan, the
+company would buy up to 10 mln of its common shares at 13.25
+dlrs each.
+    Mason Best, which belongs to CNI Parnters, a Texas
+partnership, would not tender any of its stake under the plan,
+but would instead buy another one mln Comdata common shares and
+would get representation on the company's board.
+    The Hunt group said it has told Comdata that it considers
+required payments under the plan, such as a 1.5 mln dlr fee and
+the issuance of a warrant to buy 500,000 common shares to be a
+waste of the company's assets.
+    The Hunt group, which also includes securities Texas firms
+Cypress Partners L.P and Driftwood Ltd, said it spent 15.2 mln
+dlrs on its 1,197,700 Comdata common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18953" NEWID="2535">
+<DATE> 5-MAR-1987 18:28:56.35</DATE>
+<TOPICS><D>trade</D><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>argentina</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0112&#31;reute
+d f BC-ARGENTINE-BRAZILIAN-T   03-05 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA-BRAZIL TRADE JUMPED 90 PCT IN 1986</TITLE>
+<DATELINE>    BUENOS AIRES, March 5 - </DATELINE><BODY>Trade between Argentina and Brazil
+jumped 90 pct in 1986 versus 1985, Foreign Minister Dante
+Caputo said.
+    Speaking to reporters, Caputo said the near doubling in
+trade showed the "tangible and immediate results" of a wide-
+ranging economic integration accord signed by the presidents of
+both countries last July.
+    He said trade last year totalled 1.3 billion dlrs versus
+700 mln dlrs in 1985.
+    The accord provided for capital goods trade between the two
+countries to rise to 2.0 billion dlrs over four years.
+    Argentine wheat exports to Brazil will increase from
+1,375,000 tonnes in 1987 to 2.0 mln tonnes in 1991, the accord
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18954" NEWID="2536">
+<DATE> 5-MAR-1987 18:30:17.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0114&#31;reute
+r f BC-NYSE-MEMBERS-VOTE-TO   03-05 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE MEMBERS VOTE TO LIFT LIMIT ON PENALTIES</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>The New York Stock Exchange said its
+members overwhelmingly approved a rule change that elminates
+the limits on fines imposed as a result of disciplinary
+proceedings.
+    The NYSE said the amendment to its constitution, already
+approved by its board, must now be approved by the Securities
+and Exchange Commission.
+    The NYSE said it currently limits penalties to a maximum of
+25,000 dlrs per charge against individuals and 100,000 dlrs per
+charge against firms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18955" NEWID="2537">
+<DATE> 5-MAR-1987 18:32:13.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0116&#31;reute
+r f BC-SIA-TO-APPEAL-FED-RUL   03-05 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIA TO APPEAL FED RULING ON COMMERCIAL PAPER</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>The Securities Industry Association,
+SIA, has asked the U.S. supreme court to overturn a lower-court
+ruling that would allow banks to sell commercial paper, SIA
+general counsel William Fitzpatrick said.
+    In a petition, the SIA said the court of appeals erred in
+upholding the decision of the Federal Reserve board of
+governors to permit Bankers Trust New York Corp &lt;BT> to
+underwrite and distribute commercial paper.
+    The SIA charged that the Fed's ruling violates the 1933
+Glass-Steagall Act barring banks from underwriting most types
+of securities.
+    The court of appeals decision, issued last December,
+reversed an earlier district court ruling that selling
+commercial paper is an improper bank activity and that private
+placements by banks is also improper.
+    In an earlier round of the case, decided in 1984, the
+Supreme Court upheld the SIA's contention that commercial paper
+is a security for the purposes of th Glass-Steagall Act.
+    The SIA is a trade association representing the interests
+of more than 500 U.S. investment banks and securities firms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18956" NEWID="2538">
+<DATE> 5-MAR-1987 18:32:55.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0117&#31;reute
+d f BC-SANTA-FE-SOUTHERN-PAC   03-05 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTA FE SOUTHERN PACIFIC APPEALS MERGER RULING</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Santa Fe Southern Pacific Corp will
+later today formally ask the U.S. Interstate Commerce
+Commission (ICC) to reconsider its earlier rejection of the
+merger of the holding company's railroad assets, a company
+spokesman said.
+    "We expect to file papers late tonight" asking the ICC to
+reopen the rail merger case, spokesman Rich Hall said in a
+telephone interview from the company's Chicago headquarters.
+    The ICC had rejected in July, on grounds it would reduce
+competition, the merger of the Santa Fe and Southern Pacific
+Railroads.
+    The deadline for seeking ICC reconsideration of the merger
+plan is midnight tonight.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18957" NEWID="2539">
+<DATE> 5-MAR-1987 18:33:02.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0118&#31;reute
+r f BC-E.A.-VINER-HOLDINGS-L   03-05 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.A. VINER HOLDINGS LTD &lt;EAVKF> 4TH QTR LOSS</TITLE>
+<DATELINE>    TORONTO, March 5 -
+    </DATELINE><BODY>Shr loss 10 cts vs profit seven cts
+    Net loss 918,000 vs profit 585,000
+    Revs 5,475,000 vs 4,430,000
+    YEAR
+    Shr profit 32 cts vs loss 24 cts
+    Net profit 2,909,000 vs loss 1,501,000
+    Revs 23.7 mln vs 15.0 mln
+    Note: 1986 4th qtr net includes 1.5 mln U.S. dlr, or 17 ct
+shr, writedown of stake in Heck's Inc &lt;HEX> and 300,000 U.S.
+dlr, or three ct shr, writedown of arbitrage positions. 1986
+fl-yr net includes 900,000 dlr net writedown of stake in
+Heck's.
+    U.S. dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18958" NEWID="2540">
+<DATE> 5-MAR-1987 18:34:44.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0120&#31;reute
+d f BC-ALLIED-PRODUCTS   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARPET FIRM UNIT CUTS ALLIED PRODUCTS&lt;ADP> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>A group led by GFI Nevada Inc, a
+subsidiary of General Felt Industries, a Saddlebrook, N.J.
+carpet maker, said it cut its stake in Allied Products Corp to
+169,888 shares, or 3.4 pct, from 288,652 shares, or 5.8 pct.
+    In a filing with the Securities and Exchange Commission,
+GFI said it sold 114,000 Allied Products common shares on March
+3 at 42 dlrs each and donated another 4,746 shares to two
+universities.
+    It said its dealings in the company's common stock were for
+investment purposes only.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18959" NEWID="2541">
+<DATE> 5-MAR-1987 18:35:30.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0122&#31;reute
+r f AM-conable   03-05 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK PRESIDENT EXPECTS BRAZILIAN DEBT PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>World Bank President Barber Conable
+said he was confident Brazil would come up with a debt plan and
+that the current suspension on commercial bank debt payments
+would be temporary.
+    He said Brazil's decision to stop payments on its debt had
+captured the attention of the international community but the
+country should now produce a plan to reform its overheated
+economy.
+    "They have everyone's attention but it must be followed by a
+constructive plan," he said.
+    Conable made his remarks before a group of commercial
+bankers at a meeting sponsored by the Export-Import Bank and
+later informally to reporters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18960" NEWID="2542">
+<DATE> 5-MAR-1987 18:36:56.08</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0123&#31;reute
+r f AM-BRAZIL-SEAMEN 1STLD-(WRITETHROUGH)  03-05 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKS FAIL TO END BRAZILIAN SEAMEN'S STRIKE</TITLE>
+<DATELINE>    SAO PAULO, Brazil, March 5 - </DATELINE><BODY>Pay talks aimed at ending a
+week-old national seamen's strike collapsed today and the
+strike will continue, a union official said.
+    The walkout by Brazil's 40,000 seamen has idled 160 ships
+in various ports, Jorge Luis Leao Franco, a senior official of
+the National Merchant Marine Union, told Reuters.
+    The strikers, who are seeking a 275 pct pay increase, have
+rejected offers of a 100 pct raise from the state oil company
+Petrobras and an 80 pct increase from the National Union of
+Maritime Navigation Companies (Syndarma).
+    Leao Franco said eight hours of talks in Rio de Janeiro
+with Labor Minister Almir Pazzianotto ended today without
+resolving the dispute.
+    He said six ships were idle abroad -- in the Netherlands,
+Spain, Venezuela, France and South Africa.
+    Economic analysts said the strike was of major concern to
+the government, which has suspended interest payments on part
+of Brazil's foreign debt following a drastic deterioration in
+the country's trade balance.
+    The head of the National Merchant Marine Authority, Murilo
+Rubens Habbema, was quoted today as saying that if the strike
+continued foreign ships could be authorized to transport
+Brazilian exports.
+    "Brazil is living through a crisis at the moment and it is
+not conceivable that exports be hit," he told the Gazeta
+Mercantil newspaper.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18961" NEWID="2543">
+<DATE> 5-MAR-1987 18:39:34.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0125&#31;reute
+r f BC-CHICAGO   03-05 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHEARSON HAS 5.4 PCT OF CHICAGO MILWAUKEE &lt;CHG></TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>Shearson Lehman Brothers Inc, the
+brokerage subsidiary of American Express Co &lt;AXP>, said it has
+acquired 131,300 shares of Chicago Milwaukee Corp, or 5.4 pct
+of its total outstanding common stock.
+    In a filing with the Securities and Exchange Commission,
+Shearson said it bought the stake for 18.8 mln dlrs for
+investment purposes and has no intention of seeking control of
+the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18962" NEWID="2544">
+<DATE> 5-MAR-1987 18:46:30.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0128&#31;reute
+r f BC-VINER-&lt;EAVKF>-VIABLE   03-05 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VINER &lt;EAVKF> VIABLE AFTER HECK'S &lt;HEX> MOVE</TITLE>
+<DATELINE>    TORONTO, March 5 - </DATELINE><BODY>E.A. Viner Holdings Ltd said the earlier
+reported Chapter 11 bankruptcy filing of Heck's Inc &lt;HEX>, in
+which Viner holds 408,000 shares, would not materially affect
+Viner's capital position or its ability to carry on its
+profitable brokerage business.
+    Viner said its brokerage subsidiary, Edward A. Viner and Co
+had regulatory capital of 24.5 mln U.S. dlrs at year-end 1986.
+    The company said Heck's Chapter 11 filing could, however,
+affect Viner's previously reported legal action to recover
+costs from an aborted merger agreement with Heck's.
+     It said it and the Toussie-Viner group, with which it made
+the merger offer, were assessing their options regarding the
+Heck's investment.
+    Viner earlier reported a fourth quarter loss of 918,000
+U.S. dlrs after a 1.5 mln dlr writedown of its stake in Heck's.
+It earned 585,000 dlrs in the previous fourth quarter.
+    Full-year earnings totaled 2.9 mln dlrs against a
+year-earlier loss of 1.5 mln dlrs. The full-year earnings
+included a 900,000 dlr net writedown of the Heck's stake, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18963" NEWID="2545">
+<DATE> 5-MAR-1987 18:49:47.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>italy</D></PLACES>
+<PEOPLE><D>goria</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0131&#31;reute
+r f AM-DEBT-BRAZIL   03-05 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY EXPRESSES WILLINGNESS TO SUPPORT BRAZIL</TITLE>
+<DATELINE>    ROME, March 5 - </DATELINE><BODY>Italian Treasury Minister Giovanni Goria
+met Brazilian Finance Minister Dilson Funaro today and
+expressed Italy's willingness to support his efforts in trying
+to resolve Brazil's pressing debt problems.
+    Goria told reporters after meeting Funaro, who is in Rome
+on the fifth leg of a tour to seek governmental support for his
+efforts to solve Brazil's debt crisis, that Italy's expression
+of support was based on reason as much as sympathy.
+    "The problems of one country are also those of the rest so
+we should all work together to help solve them," Goria said. "It
+is in the interest of all to work for the future."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18964" NEWID="2546">
+<DATE> 5-MAR-1987 18:51:02.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0132&#31;reute
+u f BC-TWA-&lt;TWA>-SUES-USAIR   03-05 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> SUES USAIR &lt;U> OVER POISON PILL</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Trans World Airlines Inc said it filed
+suit in Delaware Chancery Court against USAir Group Inc and its
+board of directors seeking to invalidate its "poison pill"
+anti-takeover plan.
+    TWA vice president and general counsel Mark Buckstein said
+TWA also sought a declaratory judgement from the court that its
+52 dlr per share takeover offer for USAir would in no way
+interfer with USAir's possible buyout of Peidmont Aviation Inc
+&lt;PIE>.
+    Buckstein said TWA asked the court to enjoin the
+enforcement of USAir's shareholder rights plan, or "poison
+pill." Such provisions, which typically allow for the issue of
+securities to shareholders in the event of a hostile takeover
+bid, are aimed at deterring takeovers by making them more
+expensive.
+    USAir earlier today rejected TWA's offer, saying TWA's bid
+was an attempt to interfer with its buyout of Piedmont.
+    USAir also had said its counsel would investigate the
+matter. Tonight, a spokesman for USAir said the airline had no
+comment on TWA's lawsuit.
+    USAir did respond, however, to a TWA request to the
+Department of Transportation for permission to buy up to 51 pct
+of USAir stock and place the stock in a voting trust pending
+approval of a takeover.
+    USAir said the request was "hastily pasted together in
+order to take advantage of a regulatory anamoly that would
+allow TWA to accomplish in a regulated environment actions that
+would be impermissable in the non-regulated economy at large."
+    USAir called on the transportation department to reject
+TWA's request.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18965" NEWID="2547">
+<DATE> 5-MAR-1987 18:51:59.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0133&#31;reute
+d f BC-PROPOSED-OFFERINGS   03-05 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Columbus and Southern Ohio Electric Co, subsidiary of
+American Electric Power Co Inc &lt;AEP> - Offering of 100 mln dlrs
+of first mortgage bonds due 2017.
+    Blocker Energy Corp &lt;BLK> - Offering of 12 mln shares of
+common stock through Drexel Burnham Lambert Inc and Alex. Brown
+and Sons Inc.
+    Freymiller Trucking Inc - Initial public offering of one
+mln shares of common stock, including 250,000 being sold by
+current holders, at an estimated 12 to 14 dlrs each through
+Alex. Brown and Sons Inc and Bateman Eichler, Hill Richards
+Inc.
+    Ohio Mattress Co &lt;OMT> - Offeing of 75 mln dlrs of
+convertible subordinated debentures due 2012 through Lazard
+Freres and Co.
+    Zehntel Inc &lt;ZNTL> - Offering of 13.5 mln dlrs of
+convertible subordinated debentured due 2012 through Sutro and
+Co Inc.
+    Intel Corp &lt;INTC> - Offering of 75 mln dlrs of senior
+subordinated notes due 1994 and offering of 1.5 mln shares of
+convertible cumulative exchangeable Class B preferred stock,
+Series C, both through Merrill Lynch Capital Markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18966" NEWID="2548">
+<DATE> 5-MAR-1987 18:55:10.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0139&#31;reute
+r f BC-&lt;FOUR-SEASONS-HOTELS   03-05 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FOUR SEASONS HOTELS INC> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 5 -
+    </DATELINE><BODY>Oper shr 99 cts vs 54 cts
+    Oper net 9,515,000 vs 3,449,000
+    Revs 509.3 mln vs 440.5 mln
+    Note: 1985 net excludes extraordinary gain of 1.2 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18967" NEWID="2549">
+<DATE> 5-MAR-1987 18:55:19.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0140&#31;reute
+d f BC-&lt;IVEY-PROPERTIES-INC>   03-05 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;IVEY PROPERTIES INC> RAISES QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 5 - </DATELINE><BODY>Ivey Properties Inc said it
+raised its quarterly dividend to 18 cts a share from 14 cts and
+declared both an extra dividend of 27 cts a share and a 50 pct
+stock dividend.
+    It said the dividends will be paid April one to
+shareholders of record March  16.
+    For the stock dividend, Ivey said it will pay for
+fractional shares at 25 dlrs per share.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18968" NEWID="2550">
+<DATE> 5-MAR-1987 18:56:13.27</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0142&#31;reute
+b f BC-mexico-suspends-overs   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO SUSPENDS OVERSEAS COFFEE SALES</TITLE>
+<DATELINE>    MEXICO CITY, March 5 - </DATELINE><BODY>Mexico has temporarily suspended
+overseas coffee sales due to falling prices triggered by the
+failure of the International Coffee Organisation (ICO) meeting
+to agree a quota system at its latest meeting, the official
+Notimex news agency said.
+    "We're just waiting a while for prices to improve," an
+unidentified Mexican trader told the agency.
+    Mexico has already sold 80 pct of its export coffee
+produced in the year to last September, the source said. The
+country exports about 3.3 mln 60-kilo bags a year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18969" NEWID="2551">
+<DATE> 5-MAR-1987 19:00:55.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0145&#31;reute
+d f BC-SCANDINAVIA   03-05 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP BOOSTS SCANDINAVIA FUND &lt;SCF> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>A shareholder group led by a Swedish
+investment firm and a Norwegian investor said it raised its
+stake in the Scandinavia Fund Inc to 2,165,300 shares, or 33.3
+pct of the total, from 1,978,900 shares, or 30.5 pct.
+    In a filing with the Securities and Exchange Commission,
+the group, which includes Ingemar Rydin Industritillbehor AB,
+the firm, and investor Erik Martin Vik, said it bought the
+additional shares between Feb 24 and March 9.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18970" NEWID="2552">
+<DATE> 5-MAR-1987 19:04:20.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0147&#31;reute
+r f BC-FRANCE   03-05 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OFFSHORE INVESTMENT FIRM UPS FRANCE FUND STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 5 - </DATELINE><BODY>VBI Corp, an offshore-based
+investment firm, told the Securities and Exchange Commission it
+raised its stake in the France Fund Inc &lt;FRN> to 681,800
+shares, or 9.1 pct of the total, from 551,000, or 7.4 pct.
+    VBI, which is based in Turks and Caicos Islands, the
+British West Indies, said it bought the additional shares
+between Feb 24 and March 4.
+    It has said it bought its France Fund stake for investment
+purposes only.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18971" NEWID="2553">
+<DATE> 5-MAR-1987 19:05:37.02</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>costa-rica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0149&#31;reute
+u f AM-centam-coffee   03-05 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COSTA RICA OPTIMISTIC ABOUT REFORMING ICO</TITLE>
+<DATELINE>    SAN JOSE, March 5 - </DATELINE><BODY>Costa Rica's economy minister said he
+sees new hope for winning changes in the International Coffee
+Organisation system of export quotas.
+    Minister Luis Diego Escalante, who serves as president of
+the Costa Rican Coffee Institute, said he was hopeful because
+of the support offered Costa Rica and other smaller producing-
+nations by such major consumers as the United States, Britain
+and the Netherlands at last week's ICO meeting in london.
+    Escalante told a news conference here he "carried the weight
+of the negotiations" at the meeting by calling for larger export
+quotas for the smaller coffee-growing nations.
+    Costa rica is insisting, Escalante said, on a new quota
+system based on a producing nation's real export capacity, once
+it has satisfied internal demand.
+    "There are countries such as our own whose sales
+possibilities are close to or above 100 pct of their current
+quotas," Escalante said.
+    At the same time, there are countries favoured by the
+current system that have been assigned quotas far above their
+export potential, he said.
+    The current ICO quota system is "unfair and autocratic,"
+Escalante said.
+    Escalante attributed the nosedive in international coffee
+prices over the last week to speculation rather than real
+matters of supply and demand.
+    "Be careful," he warned, "there's not as much coffee in the
+world as they say. What there is are bags of sawdust."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18972" NEWID="2554">
+<DATE> 5-MAR-1987 19:21:55.64</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0160&#31;reute
+u f BC-U.S.-MONEY-GROWTH-SLO   03-05 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MONEY GROWTH SLOWS SHARPLY, ECONOMISTS SAY</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>U.S. money supply growth is slowing
+down rapidly, and some economists believe that all three of the
+Federal Reserve's main monetary aggregates may even have
+contracted in February.
+    A contraction is unlikely to be a major concern for the
+Fed, especially as it would follow a long period of torrid
+growth, but it could give the central bank extra leeway in the
+weeks ahead if it decided that a relaxation of monetary policy
+was justified on account of weakness in the economy.    
+    M-1 money supply for the week ended February 23, reported
+today, rose 1.9 billion dlrs to 738.5 billion, but preliminary
+forecasts call for a drop next week of around two billion dlrs.
+The monthly average in January was 737.1 billion dlrs.
+    M-1 makes up about a quarter of M-2 and a fifth of M-3.
+With other components of M-2, such as money-market deposit
+accounts and small time deposits, also falling, the stage is
+set for falls in the broader aggregates too, economists say.
+    M-1 has been largely discredited because its traditional
+link to economic growth has disintegrated under the impact of
+falling interest rates and banking deregulation.
+    But the consistent behavior of all three aggregates is
+likely to impress the Fed, said Ward McCarthy of Merrill Lynch
+Economics Inc.
+    "The Fed has confidence in the aggregates when they're all
+sending the same signal. This is going to raise some eyebrows
+at the Fed," McCarthy said.
+    Stephen Slifer of Shearson Lehman Brothers Inc added, "We
+have some very good-looking monetary aggregate data. It's
+coming in a lot weaker than I thought."    
+    The economists were quick to caution that one month's data
+prove nothing, especially because money growth previously had
+been so rapid. M-1 in the last 52 weeks has grown at a 16.7 pct
+rate and at a 19.1 pct rate in the past 13 weeks.
+    Moreover, some of the contraction in M-2 can probably be
+explained by a shift of funds from savings vehicles into the
+booming stock market and is thus not an indication of a
+slowdown in the business expansion.
+    But the data raise the tantalizing possibility for the bond
+markets that the slowdown in money growth is partly a
+reflection of a weaker economy that needs more Fed stimulus.
+    McCarthy noted that the slower money growth coincides with
+signs that the economy is losing momentum as the quarter
+progresses. "Some of the economic indicators are not as rosy as
+they were a month ago," he noted.
+    He expects only five to six pct M-1 growth in March and
+rises in M-2 and M-3 of about four pct.
+    Slifer sees stronger growth of 10 pct in M-1 and five pct
+or less for M-2 and M-3, but the rates would still be moderate
+enough to encourage the Fed to ease policy if gross national
+product for the first quarter proved to be weak. "You'd
+certainly be more inclined to ease than you would in the past."
+    There was certainly nothing in the Fed's latest balance
+sheet, however, to suggest a change of policy is already under
+way, economists said. Discount window borrowings were in line
+with expectations at 233 mln dlrs a day.
+    Robert Brusca of Nikko Securities Co International Inc
+argued that an easier Fed policy is unlikely to do much to
+solve America's most urgent economic problem, its massive trade
+deficit. Because of the possibility that further dollar
+depreciation - and thus rising inflation - may be needed to
+close the trade gap, Brusca said "I'm not prepared to be all
+that optimistic about the bond market."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18973" NEWID="2555">
+<DATE> 5-MAR-1987 20:45:15.41</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0190&#31;reute
+u f BC-ECUADOR'S-CONSUMER-PR   03-05 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR'S CONSUMER PRICES RISE 2.5 PCT IN FEBRUARY</TITLE>
+<DATELINE>    QUITO, March 5 - </DATELINE><BODY>Ecuador's consumer price index rose 2.5
+pct in February to 562.4 (base 1978), the National Statistics
+and Census Institute said.
+    The rise compared to a 1.8 pct rise in January and a 2.5
+pct rise in February 1986.
+    The Institute said accumulated overall inflation for the
+first two months of this year was 4.0 pct compared to 5.0 pct
+for the same period last year.
+    Inflation for the 12 months ending February 1987 was 25.5
+pct compared to 13.0 pct for the 12 months ending February
+1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18974" NEWID="2556">
+<DATE> 5-MAR-1987 20:54:10.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0195&#31;reute
+u f BC-NATIONAL-OPPOSITION-A   03-05 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL OPPOSITION AHEAD IN N.Z. OPINION POLL</TITLE>
+<DATELINE>    WELLINGTON, March 6 - </DATELINE><BODY>The opposition National Party took a
+five percentage point lead over New Zealand's Labour government
+in an opinion poll, reversing the seven point lead held by
+Labour in a comparable poll in February.
+    In the regular Television New Zealand Heylen/Eyewitness
+poll, National's support rose to 50 pct against 45 pct a month
+earlier while Labour's popularity dropped to 45 pct from 52
+pct. National has not been ahead in this poll since April.
+    This result contrasts with a newspaper poll published
+yesterday that put Labour's popularity at 50 pct and National's
+at 44 pct.
+    Both polls showed large numbers of voters are uncommitted.
+    Approval of the government's handling of the economy also
+dropped in the television poll, to 34 pct from 40 pct.
+    Prime Minister David Lange remained first choice as Prime
+Minister but with 25 pct against 28 pct last month. Opposition
+leader Jim Bolger remained steady on nine pct in this category
+but his colleague and former Prime Minister Robert Muldoon rose
+two points to 18 pct.
+    An election is due to be held before September this year.
+ REUTER
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18975" NEWID="2557">
+<DATE> 6-MAR-1987 09:13:56.83</DATE>
+<TOPICS><D>fishmeal</D><D>meal-feed</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0052&#31;reute
+r f BC-WEST-GERMAN-FISHMEAL   03-06 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN FISHMEAL IMPORTS HIGHEST IN 15 YEARS</TITLE>
+<DATELINE>    HAMBURG, March 6 - </DATELINE><BODY>West German gross fishmeal imports rose
+60,260 tonnes, or 14.6 pct, last year to 471,891 tonnes, the
+highest level since 1972, trade sources said.
+    Re-exports fell by 6.6 pct, resulting in a surge in net
+imports from 175,901 to 251,708 tonnes, an increase of 43 pct.
+    Total West German consumption was estimated at around a
+high 287,000 tonnes, largely reflecting attractive prices. The
+sources, however, could not give comparative figures for 1985.
+    South American producer countries supplied 97 pct of West
+German requirements, with Chile shipping 229,176 tonnes (1985 -
+182,959) and Peru 210,513 (147,014) tonnes.
+    The two South American countries' share of the West German
+market rose to 93.2 pct from 80.2 pct because imports from
+Ecuador fell to 21,110 tonnes in 1986 from 51,722 in 1985.
+    West Germany imported 56,823 tonnes of fishmeal in
+December, up from 46,236 tonnes in the same 1985 month, with
+re-exports at 22,262 tonnes after 25,062 a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18976" NEWID="2558">
+<DATE> 6-MAR-1987 09:14:49.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0055&#31;reute
+d f BC-TPA-OF-AMERICA-INC-&lt;T   03-06 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TPA OF AMERICA INC &lt;TPS> 4TH QTR LOSS</TITLE>
+<DATELINE>    LOS ANGELES, March 6 -
+    </DATELINE><BODY>Shr loss five cts
+    Net loss 753,000
+    Revs 8,932,000
+    Avg shrs 16.0 mln
+    Year
+    Shr loss seven cts
+    Net loss 995,000
+    Revs 27.9 mln
+    Avg shrs 14.8 mln
+    NOTE: Company started operating in August 1985.
+    Results reflect change in fiscal year from November 30 end.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18977" NEWID="2559">
+<DATE> 6-MAR-1987 09:14:55.44</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0056&#31;reute
+r f BC-SILVER-STATE-MINING-&lt;   03-06 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SILVER STATE MINING &lt;SSMC> SEES PRODUCTION RISE</TITLE>
+<DATELINE>    DENVER, March 6 - </DATELINE><BODY>Silver State Mining Corp said it expects
+gold production this year to be more than double 1986's 17,458
+ounces.
+    The company's 1985 production was 2,050 ounces.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18978" NEWID="2560">
+<DATE> 6-MAR-1987 09:15:03.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0057&#31;reute
+r f BC-MCGRATH-RENTCORP-&lt;MGR   03-06 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCGRATH RENTCORP &lt;MGRC> SEES NET RISING</TITLE>
+<DATELINE>    SAN LEANDRO, Calif., March 6 - </DATELINE><BODY>McGrath RentCorp said as a
+result of its December acquisition of Space Co, it expects
+earnings per share in 1987 of 1.15 to 1.30 dlrs per share, up
+from 70 cts in 1986.
+    The company said pretax net should rise to nine to 10 mln
+dlrs from six mln dlrs in 1986 and rental operation revenues to
+19 to 22 mln dlrs from 12.5 mln dlrs.
+    It said cash flow per share this year should be 2.50 to
+three dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18979" NEWID="2561">
+<DATE> 6-MAR-1987 09:15:08.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0058&#31;reute
+d f BC-SILVER-STATE-MINING-C   03-06 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SILVER STATE MINING CORP &lt;SSMC> 4TH QTR NET</TITLE>
+<DATELINE>    DENVER, March 6 -
+    </DATELINE><BODY>Shr one ct vs one ct
+    Net 528,790 vs 286,969
+    Revs 2,537,803 vs 773,729
+    Year
+    Shr seven cts vs one ct
+    Net 2,429,576 vs 404,394
+    Revs 6,726,327 vs 1,150,961
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18980" NEWID="2562">
+<DATE> 6-MAR-1987 09:17:19.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0066&#31;reute
+r f BC-SIZZLER-RESTAURANTS-I   03-06 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIZZLER RESTAURANTS INTERNATIONAL INC &lt;SIZZ> NET</TITLE>
+<DATELINE>    LOS ANGELES, March 6 -
+    </DATELINE><BODY>Shr 15 cts vs 14 cts
+    Net 2,547,000 vs 2,242,000
+    Revs 56.7 mln vs 44.0 mln
+    Avg shrs 17.6 mln vs 15.6 mln
+    Nine mths
+    Shr 54 cts vs 54 cts
+    Net 9,249,000 vs 8,334,000
+    Revs 173.3 mln vs 134.3 mln
+    Avg shrs 17.1 mln vs 15.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18981" NEWID="2563">
+<DATE> 6-MAR-1987 09:20:31.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>brazil</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0074&#31;reute
+u f BC-FUNARO-GLEANS-LITTLE   03-06 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S FUNARO WINS FEW PROMISES ON EUROPE TRIP</TITLE>
+<DATELINE>    LONDON, March 6 - </DATELINE><BODY>Brazilian Finance Minister Dilson Funaro
+last night concluded this week's tour of European capitals
+having gleaned little in the way of concrete support from
+governments for his country's attempts to find a radical
+solution to its debt payments crisis.
+    However, banking sources noted the existence of
+considerable sympathy for Brazil's position among most of its
+commercial bank creditors, manifested in the widespread belief
+that adopting a hard line could only exacerbate the problems
+while patience might pave the way for an eventual
+reconciliation.
+    Brazil on February 20 unilaterally suspended interest
+payments on its 68 billion dlr debt to commercial banks,
+followed by moves related to around 15 billion dlrs of bank and
+trade credit lines deposited by foreign banks and institutions.
+    The action had been preceded by a significant deterioration
+in Brazil's balance of payments situation in the final quarter
+of 1986, along with a marked acceleration in inflation.
+Reserves had dipped to below four billion dlrs.
+    Funaro and central bank president Francisco Gros last week
+visited Washington to explain Brazil's move to government
+officials and agencies.
+    This week they have sought official support in the U.K.,
+France, Germany, Switzerland and Italy.
+    They have now decided to extend their tour, flying on
+Sunday to Tokyo to talk to government officials, with a
+possible visit to Canada before they return home.
+    Funaro and Gros have so far confined their consultations to
+government representatives, believing that problems with
+Brazil's 109 billion dlr debt call for a political solution.
+    However, banking sources noted that their attempts to
+enlist the support of European and U.S. Governments had been
+met almost unanimously with advice to talk first to banks.
+    This counsel has been coupled with emphasis on the need for
+Brazil to present to creditors a convincing economic programme,
+with U.K. Chancellor of the Exchequer Nigel Lawson also
+recommending an accord with the International Monetary Fund
+(IMF), advice which Funaro subsequently rejected flatly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18982" NEWID="2564">
+<DATE> 6-MAR-1987 09:21:40.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0079&#31;reute
+f f BC-******Mcandrews-and-f   03-06 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MCANDREWS AND FORBES ARE OFFERING 18.50 DLRS PER SHARE FOR REVLON STOCK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18983" NEWID="2565">
+<DATE> 6-MAR-1987 09:23:31.51</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0083&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   03-06 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT REVISED TO 550 MLN STG</TITLE>
+<DATELINE>    LONDON, March 6 - </DATELINE><BODY>The Bank of England said it had revised
+its estimate of the shortage in the money market back to its
+initial forecast of 550 mln stg.
+    At midsession the central bank changed the shortfall to 500
+mln and provided assistance worth 96 mln stg through bank bill
+purchases in bands one and two at established dealing rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18984" NEWID="2566">
+<DATE> 6-MAR-1987 09:23:58.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0086&#31;reute
+d f BC-DONEGAL-GROUP-INC-&lt;DG   03-06 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DONEGAL GROUP INC &lt;DGIC> YEAR NET</TITLE>
+<DATELINE>    MARIETTA, Pa., March 6 -
+    </DATELINE><BODY>Shr six cts
+    Net 155,764
+    Revs 6,506,792
+    NOTE: Company formed in August 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18985" NEWID="2567">
+<DATE> 6-MAR-1987 09:24:09.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0087&#31;reute
+r f BC-petemiller   03-06 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETER MILLER APPAREL GROUP 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    TORONTO, March 6 -
+    </DATELINE><BODY>Shr loss 28 cts vs profit seven cts
+    Net loss 931,000 vs profit 7,000
+    Revs 2.3 mln vs 2.0 mln
+    Nine mths
+    Shr loss 55 cts vs profit seven cts
+    Net loss 1,619,000 vs profit 185,000
+    Revs 7.7 mln vs 7.1 mln
+    NOTE: Shr figures adjusted for issue of 600,000 shares in
+October, 1986. Avg shrs not given.
+    Full name is &lt;Peter Miller Apparel Group Inc>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18986" NEWID="2568">
+<DATE> 6-MAR-1987 09:24:15.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0088&#31;reute
+d f BC-KRELITZ-INDUSTRIES-IN   03-06 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRELITZ INDUSTRIES INC &lt;KRLZ> 3RD QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 6 - </DATELINE><BODY>Period ended Jan 31
+    Shr seven cts vs 14 cts
+    Net 136,000 vs 274,000
+    Sales 48.4 mln vs 38.2 mln
+    Nine mths
+    
+    Shr 30 cts vs 17 cts
+    Net 573,000 vs 328,000
+    Sales 140.0 mln vs 102.4 mln
+    NOTE: Prior year period ended Sept 30
+    Comparable periods reflect change in fiscal yearend to
+April from December
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18987" NEWID="2569">
+<DATE> 6-MAR-1987 09:24:57.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0090&#31;reute
+d f BC-DONEGAL-&lt;DGIC>-PROJEC   03-06 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DONEGAL &lt;DGIC> PROJECTS FULL YEAR RESULTS</TITLE>
+<DATELINE>    MARIETTA, Pa., March 6 - </DATELINE><BODY>Donegal Group Inc, which today
+reported earnings of 155,764 dlrs on revenues of 6,506,792 dlrs
+for the period from August 26 startup through the end of 1986,
+said it expects "much improved" profits for the full year 1987
+on revenues of about 32 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18988" NEWID="2570">
+<DATE> 6-MAR-1987 09:26:12.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0091&#31;reute
+u f BC-/MACANDREWS-AND-FORBE   03-06 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACANDREWS AND FORBES HOLDINGS BIDS FOR REVLON</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>McAndrews and Forbes Holdings Inc said
+it will offer 18.50 dlrs per share for all of Revlon Group
+Inc's &lt;REV> outstanding common stock.
+    McAndrews said terms of the acquisition have not been
+determined and are subject to the acquisition of financing.
+    Revlon closed yesterday on the New York Stock Exchange at
+14-3/4.
+    The company said it would bid for all stock it or its
+affiliates do not already own.
+    McAndrews and Forbes said it informed the board of
+directors of Revlon that it expects to make a formal proposal
+in the near future. It also said there can be no assurance as
+to the terms of the proposals or that the deal can be
+concluded.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18989" NEWID="2571">
+<DATE> 6-MAR-1987 09:28:55.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0101&#31;reute
+d f BC-ELECTROLUX-AND-GILLET   03-06 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROLUX AND GILLETTE IN JOINT VENTURE</TITLE>
+<DATELINE>    STOCKHOLM, March 6 - </DATELINE><BODY>The Gillette Company &lt;GS.N> and
+Sweden's Electrolux AB &lt;ELUX.ST> said they would form a
+partnership to commercialise a new technology developed by the
+U.S. Firm which uses solar cells to generate electricity.
+    Electrolux is interested in harnessing the technology to
+produce portable domestic appliances and will provide capital
+and development contracts for the joint venture.
+    The two companies are to establish a laboratory outside
+Boston to develop what are known as thermophotovoltaic (TPV)
+technologies that convert hydrocarbon fuels such as gasoline
+into light and electricity through the use of solar cells.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18990" NEWID="2572">
+<DATE> 6-MAR-1987 09:38:52.98</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0126&#31;reute
+u f BC-slaughter-guesstimate   03-06 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, March 6 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 300,000 to 305,000 head versus
+292,000 week ago and 316,000 a year ago.
+    Saturday's hog slaughter is guesstimated at about 30,000 to
+55,000 head.
+    Cattle slaughter is guesstimated at about 128,000 to
+130,000 head versus 129,000 week ago and 119,000 a year ago.
+    Saturday's cattle slaughter is guesstimated at about 20,000
+to 40,000 head.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18991" NEWID="2573">
+<DATE> 6-MAR-1987 09:39:07.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0128&#31;reute
+r f BC-TALMAN-HOME-FEDERAL-P   03-06 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALMAN HOME FEDERAL PREFERRED OFFERING STARTS</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Lead underwriters Morgan Stanley Group
+Inc &lt;MS>, &lt;Goldman, Sachs and Co> and &lt;Salomon Inc> said an
+offering of 1,000 shares of market auction preferred stock of
+&lt;Talman Home Federal Savings and Loan Association of Illinois'>
+Talman Finance Corp C unit is underway at 100,000 dlrs a share.
+    It said the initial dividend rate is 4.35 pct and the
+diovidend will be reset every 49 days in a Dutch auction
+process.  The first Dutch action date is May 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18992" NEWID="2574">
+<DATE> 6-MAR-1987 09:39:24.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0131&#31;reute
+r f BC-borealis   03-06 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOREALIS IN GOLD EXPLORATION PACT WITH FARAWAY</TITLE>
+<DATELINE>    CALGARY, Alberta, March 6 - </DATELINE><BODY>&lt;Borealis Exploration Ltd> said
+it entered into an agreement with &lt;Faraway Gold Mines Ltd> of
+Vancouver, British Columbia, under which Faraway will acquire
+an interest in Borealis's Whale Cove Gold Property in the
+Keewatin district of the Northwest Territories.
+    Faraway will spend 1.5 mln dlrs on exploration over three
+years and will hold 50 pct of the property until all expenses
+are paid out, when the interest will drop to 40 pct.
+    Also, Borealis and Faraway will issue treasury shares to
+each other and Faraway will buy 575,000 Borealis shares from
+Borealis president Lorne Spence.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18993" NEWID="2575">
+<DATE> 6-MAR-1987 09:39:31.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0132&#31;reute
+r f BC-RAPID-AMERICAN-CORP-U   03-06 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAPID-AMERICAN CORP UNIT PURSUES FRAUD SUIT</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>&lt;Rapid-American Corp> said its Faberge
+Inc subsidiary was granted approval by federal court to pursue
+its 11 mln dlr fraud suit against &lt;Porterfield Buying Unit> and
+its partners.
+    Faberge said the U.S. District Court, Southern District of
+New York, reinstituted the suit against Porterfield and its
+partners Samuel Wyman and Grace Porterfield, vacating an
+earlier court decision dismissing the suit.
+    The suit, filed in 1982, charges Porterfield with
+overcharging commissions and for billing commericals that were
+promised but never aired, according to the company. Faberge
+alleges that Porterfield used fraudulent invoices and schemes
+which netted it more than 3,500,000 dlrs in illegal profits.
+    The suit, brought under the Racketeer Influenced and
+Corrupt Organization Act (RICO), was dismissed earlier because
+the court ruled it did not meet certain criteria of the RICO
+Act. But an Appeals Court sent the suit back to district court
+based on two related decisions involving the RICO Act, Faberge
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18994" NEWID="2576">
+<DATE> 6-MAR-1987 09:40:11.18</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0133&#31;reute
+b f BC-U.K.-MONEY-MARKET-GET   03-06 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GETS 350 MLN STG AFTERNOON HELP</TITLE>
+<DATELINE>    LONDON, March 6 - </DATELINE><BODY>The Bank of England said it provided
+assistance worth 350 mln stg during the afternoon session which
+takes total help so far today to 446 mln stg against a shortage
+estimated at around 550 mln stg.
+    The central bank purchased outright bank bills comprising
+120 mln stg in band one at 10-7/8 pct and 227 mln stg in band
+two at 10-13/16 pct. It also bought treasury bills worth one
+mln stg in band one and two mln stg in band two at the same
+rates of interest as bank bills.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18995" NEWID="2577">
+<DATE> 6-MAR-1987 09:47:39.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0152&#31;reute
+r f BC-IMRE-&lt;IMRE>-SELLS-STO   03-06 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMRE &lt;IMRE> SELLS STOCK TO EUROPEAN INSTITUTIONS</TITLE>
+<DATELINE>    SEATTLE, March 6 - </DATELINE><BODY>IMRE Corp said it has received
+commitments for a group of European institutions to buy about
+400,000 IMRE shares for 2,500,000 dlrs, with closing expected
+on March 16.
+                                                   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18996" NEWID="2578">
+<DATE> 6-MAR-1987 09:49:16.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0153&#31;reute
+u f BC-INSTRUMENTARIUM-ACQUI   03-06 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSTRUMENTARIUM ACQUIRES NOKIA SUBSIDIARY</TITLE>
+<DATELINE>    HELSINKI, March 6 - </DATELINE><BODY>Finland's medical group Instrumentarium
+Oy &lt;INMR.HE> said it has acquired electronics components
+importers and marketers &lt;Ferrado Oy> and &lt;Insele Oy>,
+subsidiaries of Finland's electronics group Nokia Oy &lt;NOKS.HE>.
+    It said in a statement Ferrado and Insele will be merged
+into Instrumentarium's Professional Electronics and Information
+Systems Division.
+    It did not disclose a price for the acquisitions but said
+it had issued 30,000 restricted B shares as partial payment to
+Nokia.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18997" NEWID="2579">
+<DATE> 6-MAR-1987 09:54:51.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0161&#31;reute
+s f BC-FUQUA-INDUSTRIES-INC   03-06 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUQUA INDUSTRIES INC &lt;FQA> SETS QUARTERLY</TITLE>
+<DATELINE>    ATLANTA, March 6 -
+    </DATELINE><BODY>Qtly div six cts vs six cts prior
+    Pay April One
+    Record March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18998" NEWID="2580">
+<DATE> 6-MAR-1987 09:55:09.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0163&#31;reute
+d f BC-m-corp   03-06 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;M-CORP INC> YEAR DEC 28 NET</TITLE>
+<DATELINE>    MONTREAL, March 6 -
+    </DATELINE><BODY>Shr 73 cts vs 55 cts
+    Net 1,691,878 vs 1,117,747
+    Revs 7.1 mln vs 4.9 mln
+    Avg shrs 2.3 mln vs 2.0 mln
+    NOTE: Share results reflect two-for-one stock split in
+June, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18999" NEWID="2581">
+<DATE> 6-MAR-1987 09:55:20.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0164&#31;reute
+w f BC-ENGINEERED-SUPPORT-&lt;E   03-06 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENGINEERED SUPPORT &lt;EASI> CHAIRMAN TO RETIRE</TITLE>
+<DATELINE>    ST. LOUIS, MO., March 6 - </DATELINE><BODY>Engineered Support Systems Inc
+said Jerome Labarbera will retire as chairman but remain a
+director, effective May one, 1987.
+    President Michael Shanahan will assume the additional post
+of chairman pending approval of the company's directors, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19000" NEWID="2582">
+<DATE> 6-MAR-1987 09:59:54.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0171&#31;reute
+b f BC-dome-petroleum   03-06 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOME PETROLEUM REAFFIRMS DOME MINES STAKE FOR SALE AT RIGHT PRICE, SPOKESMAN SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19001" NEWID="2583">
+<DATE> 6-MAR-1987 10:01:04.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0175&#31;reute
+d f BC-COMMONWEALTH-MORTGAGE   03-06 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH MORTGAGE &lt;CCMC> BUYS ARMONK FIRM</TITLE>
+<DATELINE>    WELLESLEY, Mass., March 6 - </DATELINE><BODY>Commonwealth Mortgage Co said
+it purchased Westfiar Funding Corp of Armonk, N.Y., for an
+undisclosed amount of cash.
+    Commonwealth said Westfair originated 60 mln dlrs of
+residential mortgage loans during 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19002" NEWID="2584">
+<DATE> 6-MAR-1987 10:01:08.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0176&#31;reute
+d f BC-m-corp   03-06 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;M-CORP INC> RAISES DIVIDEND</TITLE>
+<DATELINE>    MONTREAL, March 6 -
+    </DATELINE><BODY>Semi-annual div 7-1/2 cts vs five cts
+    Pay April nine
+    Record March 26
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19003" NEWID="2585">
+<DATE> 6-MAR-1987 10:02:26.05</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f0186&#31;reute
+u f BC-PERMIAN-&lt;PBT>-RAISES   03-06 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERMIAN &lt;PBT> RAISES CRUDE PRICES</TITLE>
+<DATELINE>    NEW YORK, MAR 6 - </DATELINE><BODY>Permian Corp said that effective march 5
+it raised its posted prices for crude oil 50 cts a barrel.
+    The raise brought its posted prices for West texas
+Intermediate up by 50 cts to 17.00 dlrs a barrel.
+    West Texas Sour was also raised by 50 cts to 17.00 dlrs a
+barrel.
+    A Permian spokesman said that the South Louisiana sweet
+posted prices was also raised 50 cts a barrel to 17.35 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19004" NEWID="2586">
+<DATE> 6-MAR-1987 10:03:52.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0198&#31;reute
+r f BC-POSTMASTERS-&lt;POST>-LI   03-06 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POSTMASTERS &lt;POST> LISTED ON NASDAQ</TITLE>
+<DATELINE>    TAMPA, Fla., March 6 - </DATELINE><BODY>Postmasters Inc said its common
+stock has been listed on the NASDAQ system, effective today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19005" NEWID="2587">
+<DATE> 6-MAR-1987 10:05:49.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0202&#31;reute
+f f BC-******AMERICAN-STORES   03-06 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN STORES CO 4TH QTR SHR 1.57 DLRS VS 1.60 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19006" NEWID="2588">
+<DATE> 6-MAR-1987 10:12:52.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0219&#31;reute
+f f BC-******ATT-PROPOSES-RE   03-06 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ATT PROPOSES REPLACING RATE OF RETURN REGULATION WITH NEW SIMPLIFIED RULES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19007" NEWID="2589">
+<DATE> 6-MAR-1987 10:13:05.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0220&#31;reute
+r f BC-&lt;MONTCLAIR-SAVINGS-BA   03-06 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MONTCLAIR SAVINGS BANK> INITIAL OFFERING STARTS</TITLE>
+<DATELINE>    NEW YORK, March 5 - </DATELINE><BODY>Lead underwriters PaineWebber Group Inc
+&lt;PWJ> and Ryan, Beck and Co Inc &lt;RBCO> said an initial public
+offering of 537,500 shares of Montclair Savings Bank common
+stock is under way at 15 dlrs per share.
+    Underwriters have been granted an option to purchase up to
+an additional 322,500 shares to cover overallotments.
+    The company also sold 1,612,500 shares in a subscription
+and community offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19008" NEWID="2590">
+<DATE> 6-MAR-1987 10:15:38.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0228&#31;reute
+d f BC-CENTRAL-SPRINKLER-COR   03-06 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL SPRINKLER CORP &lt;CNSP> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    LANSDALE, Pa., March 6 -
+    </DATELINE><BODY>Shr 19 cts vs 20 cts
+    Shr diluted 18 cts vs 18 cts
+    Net 578,000 vs 554,000
+    Sales 10.7 mln vs 10.4 mln
+    Avg shrs 3,006,s302 vs 2,795,820
+    Avg shrs diluted 4,271,488 vs 4,081,534
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19009" NEWID="2591">
+<DATE> 6-MAR-1987 10:16:13.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0231&#31;reute
+d f BC-farwest   03-06 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FAR WEST INDUSTRIES INC> RAISES DIVIDEND</TITLE>
+<DATELINE>    VERNON, British Columbia, March 6 -
+    </DATELINE><BODY>Annual div four cts vs 1.76 cts
+    Pay March 20
+    Record March 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19010" NEWID="2592">
+<DATE> 6-MAR-1987 10:16:18.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0232&#31;reute
+d f BC-PACE-MEMBERSHIP-&lt;PMWI   03-06 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACE MEMBERSHIP &lt;PMWI> BUYS BACK NOTES</TITLE>
+<DATELINE>    DENVER, March 6 - </DATELINE><BODY>Pace Membership Warehouse Inc said it
+made a series of recent purchases of its 13 pct subordinated
+notes totaling about 13.6 mln dlrs.
+    It said the amount of notes originally issued totaled 60
+mln dlrs.
+    Pace also said it may purchase additional outstanding notes
+in the future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19011" NEWID="2593">
+<DATE> 6-MAR-1987 10:16:21.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0233&#31;reute
+d f BC-farwest   03-06 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FAR WEST INDUSTRIES INC> YEAR NET</TITLE>
+<DATELINE>    VERNON, British Columbia, March 6 -
+    </DATELINE><BODY>Shr 23 cts vs 17 cts
+    Net 761,000 vs 490,000
+    Revs 7.3 mln vs 4.5 mln
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19012" NEWID="2594">
+<DATE> 6-MAR-1987 10:18:26.51</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0240&#31;reute
+u f BC-U.K.-OFFICIALS-STUDY   03-06 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. OFFICIALS STUDY SALMONELLA/CALF FEED LINK</TITLE>
+<DATELINE>    LONDON, March 6 - </DATELINE><BODY>U.K. Officials are studying the possible
+link between the use of antibiotics in calf feeds and the
+spread of drug-resistant strains of salmonella in humans, a
+Ministry of Agriculture official said.
+    A study published in the New England Journal of Medicine
+yesterday stated that the spread of an unusual strain of
+salmonella that is resistant to the drug chloramphenicol had
+been shown to be linked to farms that used the drug to promote
+the growth of cattle.
+   The U.K. Ministry of Agriculture is working with the
+Department of Health and the Public Health Laboratory to
+investigate the whole subject of resistant strains of
+salmonella.
+    "The Ministry of Agriculture is concerned about the possible
+effects on human and animal health," the official said. The
+government is also studying a recommendation from the Farm
+Animal Welfare Council (FAWC) to restrict the trade of calves
+under 56 days old through markets. The FAWC says this would
+help reduce the spread of salmonella.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19013" NEWID="2595">
+<DATE> 6-MAR-1987 10:19:13.97</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0242&#31;reute
+f f BC-******CANADA-RULES-U.   03-06 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA RULES U.S. CORN INJURING CANADIAN FARMERS, UPHOLDS DUTY 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19014" NEWID="2596">
+<DATE> 6-MAR-1987 10:20:43.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0244&#31;reute
+r f BC-dome-repeatsdomemines   03-06 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME&lt;DMP> REPEATS DOME MINES&lt;DM> STAKE FOR SALE</TITLE>
+<DATELINE>    TORONTO, March 6 - </DATELINE><BODY>Dome Petroleum Ltd's 23.2 pct stake of
+gold producer Dome Mines Ltd continues to be for sale "at the
+right price," spokesman David Annesley said in response to an
+inquiry.
+    Reaffirming remarks made last year by chairman Howard
+Macdonald, Annesley said the company is considering selling its
+stake in Dome Mines.
+    Concerning Dome Petroleum's 42 pct stake in &lt;Encor Energy
+Corp Ltd>, Annesley said "Encor is a strategic investment for
+Dome, and we have no intention of selling it."
+    Dome spokesman Annesley said in answer to a question that
+he was not aware of any negotiations now under way toward the
+sale of Dome Petroleum's 20.9 mln Dome Mines shares.
+    He also declined to specify at what price the company would
+consider selling it shares.
+    "Clearly today's prices of more than 15 dlrs a share (of
+Dome Mines stock) are very attractive," Annesley commented.
+    "We were considering the sale 'at the right price' at a time
+when the shares were priced around nine to 10 dlrs," he added. A
+price of around 15 dlrs a share would be considered "fairly
+attractive," Annesley said.
+    Annesley also Dome Petroleum may be able to sell its Dome
+Mines' shares at a premium to market prices. "There might be an
+opportunity to pick up a premium on that because it would be
+virtually a control block in Dome Mines," he said.
+    Dome Mines shares traded earlier at 15-1/4 dlrs, off 1/4 on
+the Toronto Stock Exchange.
+    Dome Petroleum is now negotiating a plan to restructure
+debt of more than 6.1 billion Canadian dlrs with a group of 56
+major creditors, which includes Dome Mines and Encor Energy.
+    The company previously said it expects to detail the plan
+to lenders early next week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19051" NEWID="2597">
+<DATE> 6-MAR-1987 10:20:53.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0245&#31;reute
+b f BC-ATT-&lt;T>-PROPOSES-NEW   03-06 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> PROPOSES NEW SIMPLIFIED REGULATIONS</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>American Telephone and Telegraph Co
+said it is proposing a new simplified approach to regulating
+the long-distance telecommunications market.
+    In a filing with the Federal Communications Commission, ATT
+proposed replacing the current rate of return regulation with
+simplified rules that "would eliminate many costs now imposed on
+customers while freeing ATT to introduce new services and
+pricing options more swiftly."
+    The filing comes one day after MCI Communications Corp said
+the firm will seek immediate deregulation of its principal
+long-distance competitor, ATT.
+    Under the approach outlined in the filing, ATT would commit
+to continue providing basic long-distance services to all
+customers and to maintain uniform nationwide prices in all
+parts of the country unless granted regulatory approval to do
+otherwise.
+    Specifically, ATT proposed that the FCC require the company
+to file tariffs for new interstate services and price changes
+that would go into effect within 14 days.
+    In addition, the proposal calls for the reduction of the
+voluminous documentation ATT is required to file each time it
+introduces or changes long-distance services.
+    The new proposal would place the burden on challengers to
+demonstrate that ATT's tariffs "are unreasonable".
+    It would also require long-distance companies to submit
+periodic reports to help regulators monitor competition in the
+industry.
+    Lawrence Garfinkel, ATT's Vice-President of Marketing
+Services, said, "With this filing, we're suggesting that
+regulators replace a blanket approach to regulating ATT with a
+more finely tuned, targeted approach."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19015" NEWID="2598">
+<DATE> 6-MAR-1987 10:22:41.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0252&#31;reute
+b f BC-CBA-NOVEL-AUSTRALIAN   03-06 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBA NOVEL AUSTRALIAN DLR ISSUES UPPED TO 125 MLN</TITLE>
+<DATELINE>    LONDON, March 5 - </DATELINE><BODY>The Commonwealth Bank of Australia's 16
+pct Australian dlr 101 pct bond issue of yesterday has been
+raised to a total of 125 mln Australian dlrs from 100 mln, lead
+manager Swiss Bank Corp International said.
+    The coupon is valid for one year and will then be re-fixed
+annually at the one-year Australian Treasury rate. There will
+also be an investor put option annually at par
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19016" NEWID="2599">
+<DATE> 6-MAR-1987 10:23:41.73</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0254&#31;reute
+f f BC-******CANADA-RULES-U.   03-06 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA RULES U.S. CORN INJURING CANADIAN  FARMERS, UPHOLDS DUTY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19017" NEWID="2600">
+<DATE> 6-MAR-1987 10:23:53.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0255&#31;reute
+f f BC-******U.S.-TREASURY'S   03-06 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY'S BAKER SAYS PARIS PACT ONLY A START TO GREATER COOPERATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19018" NEWID="2601">
+<DATE> 6-MAR-1987 10:24:14.38</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0256&#31;reute
+u f BC-NEW-DUTCH-SPECIAL-ADV   03-06 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW DUTCH SPECIAL ADVANCES ANNOUNCED AT 5.3 PCT</TITLE>
+<DATELINE>    AMSTERDAM, March 6 - </DATELINE><BODY>The Dutch central bank announced new
+eleven-day special advances at an unchanged 5.3 pct to aid
+money market liquidity, covering the period March 9 to 20.
+    The amount will be set at tender on Monday March 9 between
+0800 and 0830 GMT. The new facility will replace the current
+4.8 billion guilders of seven-day advances expiring Monday.
+    Money dealers estimated today's money market shortage at 11
+to 11.25 billion guilders, barely changed from yesterday.
+    They said call money was still relatively high at 6-1/8 to
+6-1/4 pct as a result of the tight set of bids accepted by the
+Bank for the previous seven-day facility.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19019" NEWID="2602">
+<DATE> 6-MAR-1987 10:26:05.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0263&#31;reute
+d f BC-SELECTERM-INC-&lt;SLTM>   03-06 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SELECTERM INC &lt;SLTM> 4TH QTR LOSS</TITLE>
+<DATELINE>    DANVERS, Mass., March 6 -
+    </DATELINE><BODY>Shr loss not given vs profit 16 cts
+    Net loss 309,000 vs profit 426,000
+    Revs 6,358,000 vs 6,747,000
+    Year
+    Shr profit 27 cts vs profit 76 cts
+    Net profit 713,000 vs profit 2,021,000
+    Revs 24.9 mln vs 27.1 mln
+    NOTE: Pretax net profits 113,000 dlrs vs 824,000 dlrs in
+quarter and 1,863,000 dlrs vs 3,606,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19020" NEWID="2603">
+<DATE> 6-MAR-1987 10:27:11.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0269&#31;reute
+r f BC-COLONIAL-MUNICIPAL-TR   03-06 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLONIAL MUNICIPAL TRUST SETS INITIAL OFFERING</TITLE>
+<DATELINE>    BOSTON, March 6 - </DATELINE><BODY>&lt;Colonial Municipal Income Trust> said it
+has filed for an initial public offering of six mln shares of
+beneficial interest through underwriters led by Morgan Keegan
+and Co Inc, Bateman Eichler, Hill Richards Inc and Piper,
+Jaffray and Hopwood Inc at an expected price of 10 dlrs per
+share.
+    It said proceeds will be invested in portfolio securities.
+Colonial is a closed-end investment company seeking high
+current income by investing in federally tax exempt medium and
+lower quality bonds and notes issued by state and local
+governments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19021" NEWID="2604">
+<DATE> 6-MAR-1987 10:27:16.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0270&#31;reute
+r f BC-STONE-CONTAINER-&lt;STO>   03-06 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STONE CONTAINER &lt;STO> COMPLETES WAITING PERIOD</TITLE>
+<DATELINE>    CHICAGO, March 6 - </DATELINE><BODY>Stone Container Corp said it and
+Southwest Forest Industries Inc &lt;SWF> completed all waiting
+period requirements under the Hart-Scott-Rodino Anti-Trust
+Improvements Act of 1976.
+    Stone said it will proceed with its previously proposed
+acquisition of Southwest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19022" NEWID="2605">
+<DATE> 6-MAR-1987 10:29:31.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0279&#31;reute
+r f BC-FISHER-TRANSPORTATION   03-06 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FISHER TRANSPORTATION FILES FOR INITIAL OFFERING</TITLE>
+<DATELINE>    SPRINGDALE, Ark., March 6 - </DATELINE><BODY>&lt;Fisher Transportation Services
+Inc> said it has filed for an initial public offering of
+1,100,000 common shares at an expected price of six to seven
+dlrs a share through underwriters led by Laidlaw Adams and Peck
+Inc.
+    Fisher is an irregular route truckload quantity general
+commodity carrier operating throughout the continental U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19023" NEWID="2606">
+<DATE> 6-MAR-1987 10:30:42.92</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>west-germany</D><D>brazil</D><D>colombia</D></PLACES>
+<PEOPLE><D>dauster</D></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0281&#31;reute
+u f BC-ICO-QUOTA-TALKS-FAILU   03-06 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO QUOTA TALKS FAILURE PARALYSE HAMBURG MARKET</TITLE>
+<DATELINE>    HAMBURG, March 6 - </DATELINE><BODY>The failure of International Coffee
+Organization talks on the reintroduction of quotas has
+paralysed business on the Hamburg green coffee market in the
+past week, trade sources said.
+    There was only sporadic activity for spot material, which
+was mainly requirement buying, they said, adding that
+pre-registered coffees were no longer available.
+    They said they expected Brazil and Colombia to open export
+registrations for May shipment next week. However, the
+president of the Brazilian Coffee Institute, Jorio Dauster,
+said yesterday he had not yet decided when its registrations
+would reopen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19024" NEWID="2607">
+<DATE> 6-MAR-1987 10:35:57.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0302&#31;reute
+b f BC-tordom   03-06 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TORONTO DOMINION BANK BUYS SEAT ON TORONTO STOCK EXCHANGE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19025" NEWID="2608">
+<DATE> 6-MAR-1987 10:36:16.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0306&#31;reute
+s f BC-RESIDENTIAL-MORTGAGE   03-06 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESIDENTIAL MORTGAGE INVESTMENTS INC &lt;RMI>PAYOUT</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 6 -
+    </DATELINE><BODY>Qtly div 24 cts vs 24 cts prior
+    Pay April 10
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19026" NEWID="2609">
+<DATE> 6-MAR-1987 10:36:44.05</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0308&#31;reute
+r f BC-SOUTHWEST-&lt;SWF>,-STON   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST &lt;SWF>, STONE &lt;STO> COMPLY FOR MERGER</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 6 - </DATELINE><BODY>Southwest Forest Industries said
+it and Stone Container Corp have complied with all federal
+waiting period requirements for Stone's proposed 32.25 dlr per
+share cash acquisition of Southwest.
+    Southwest currently has 12.3 mln shares outstanding. The
+companies entered into a merger agreement on January 27, and
+made their initial findings with the Department of Justice and
+the Federal Trade Commission on February three.
+    Southwest said the waiting period expired on March 5,
+without receiving a formal second request for information.
+   
+REUTER...^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19027" NEWID="2610">
+<DATE> 6-MAR-1987 10:37:05.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0310&#31;reute
+b f BC-STATE-BANK-OF-SOUTH-A   03-06 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATE BANK OF SOUTH AUSTRALIA ISSUES NOVEL BOND</TITLE>
+<DATELINE>    LONDON, March 6 - </DATELINE><BODY>The State Bank of South Australia is
+issuing a novel 50 mln Australian dlr eurobond due April 8,
+1992 paying an initial coupon of 16-1/4 pct and priced at 101
+pct, lead manager Swiss Bank Corp International said.
+    The coupon will then be re-fixed annually at the one-year
+Australian Treasury rate. There will also be an investor put
+option annually at par. The selling concession is 3/4 pct while
+management and underwriting combined pays 3/8 pct.
+    The non-callable bond is guaranteed by the state of South
+Australia and will be listed in Luxembourg. Denominations are
+1,000 and 10,000 Australian dlrs. Payment date is April 8.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19028" NEWID="2611">
+<DATE> 6-MAR-1987 10:37:17.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0311&#31;reute
+u f BC-OKC-LIMITED-PARTNERSH   03-06 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OKC LIMITED PARTNERSHIP &lt;OKC> SETS LOWER PAYOUT</TITLE>
+<DATELINE>    DALLAS, March 6 - </DATELINE><BODY>OKC Limited Partnership said it will make
+a five ct per share distribution to unitholders, down from 15
+cts in December and payable March 30 to holders of record March
+18.
+    The partnership said the payout is the largest quarterly
+cash distribution allowable under terms of its letter of credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19029" NEWID="2612">
+<DATE> 6-MAR-1987 10:37:46.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0314&#31;reute
+r f BC-RAPIDTECH-SYSTEMS-INC   03-06 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAPIDTECH SYSTEMS INC BUYS PATENT RIGHTS</TITLE>
+<DATELINE>    SUFFERN, N.Y., March 6 - </DATELINE><BODY>&lt;Rapidtech Systems Inc> said it
+acquired all rights to the patent for the "pocket modem", which
+eliminates the need for stand-alone modems that are attached
+between telephones and computer terminals, as well as modems
+built into computers.
+    Rapidtech said the patent includes all rights to license
+and build the modems, as well as a patent application for an
+optical isolator.
+    The company did not disclose a price for the rights.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19030" NEWID="2613">
+<DATE> 6-MAR-1987 10:39:08.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0320&#31;reute
+d f BC-BIOTECH-RESEARCH-LABO   03-06 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOTECH RESEARCH LABORATORIES INC &lt;BTRL> 4TH QTR</TITLE>
+<DATELINE>    ROCKVILLE, Md, - March 6 -
+    </DATELINE><BODY>Shr profit one ct vs loss seven cts
+    Net profit 63,761 vs loss 43,006
+    Revs 1,961,219 vs 1,413,859
+    Year
+    Shr loss seven cts vs loss 20 cts
+    Net loss 380,273 vs loss 1,108,151
+    Revs 6,245,012 vs 5,368,522
+    Shr out 5,950,000 vs 5,462,547
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19031" NEWID="2614">
+<DATE> 6-MAR-1987 10:40:46.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE><D>du-plessis</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0322&#31;reute
+u f BC-SOUTH-AFRICA-OPTIMIST   03-06 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA OPTIMISTIC ABOUT DEBT TALKS</TITLE>
+<DATELINE>    JOHANNESBURG, March 6 - </DATELINE><BODY>South Africa's director-general of
+finance Chris Stals said he was optimistic about reaching a
+mutually acceptable agreement with foreign bank creditors in
+debt renegotiation talks scheduled to begin next month.
+    Stals, the country's chief foreign debt negotiator, said "we
+are busy finding out how they (banks) feel. They all have
+different opinions. There is no consensus."
+    But asked if he was optimistic on agreement for a new debt
+repayment plan, Stals replied "yes" in a telephone interview from
+his Pretoria office.
+    He declined to comment further before the major review of
+the interim debt agreement regarding the moratorium on
+principal repayments on 13 billion dlrs of South Africa's 24
+billion dlr external debt.
+    The agreement on the moratorium with some 330 creditor
+banks expires on June 30. "We have had a series of discussions
+with a great number of banks both bilaterally and individually
+on the foreign debt situation in preparation for April," Stals
+said.
+    He said no date has been set for the meeting and declined
+to comment on published reports in the past few months that
+banks may demand accelerated repayments.
+    Banking sources here said only an escalation of South
+African political unrest would increase foreign pressure on
+repayments.
+    Finance Minister Barend du Plessis said last month that in
+the forthcoming talks South Africa would give a fair deal to
+all creditors but not agree to "unrealistic demands."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19032" NEWID="2615">
+<DATE> 6-MAR-1987 10:42:02.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0328&#31;reute
+r f BC-MORGAN-STANELY-&lt;MS>-U   03-06 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN STANELY &lt;MS> UNIT SELLS FLOATER CMOS</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Morgan Stanley Mortgage Trust I, a unit
+of Morgan Stanley Group, is offering 317.8 mln dlrs of
+AAA-rated collateralized mortgage obligations that include two
+floating-rate tranches, said sole manager Morgan Stanley.
+    The floaters have average lives of 7.85 and 15.6 years for
+maturities of 2012 and 2015. The rate on the shorter term
+floater will be reset quarterly at 55 basis points over
+three-month LIBOR while the rate on the longer tranche will be
+reset at three-month LIBOR plus 65 basis points.
+    Fixed-rate CMO yields are 7.153 to 8.97 pct for maturities
+of 2004 to 2017 and average lives of 2.5 to 23.99 years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19033" NEWID="2616">
+<DATE> 6-MAR-1987 10:42:50.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0332&#31;reute
+r f BC-MTECH-&lt;MTCH>-TO-OFFER   03-06 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MTECH &lt;MTCH> TO OFFER CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    DALLAS, March 6 - </DATELINE><BODY>MTech Corp said it expects to file
+shortly for an offering of subordinated debentures convertibe
+into common stock.
+    It gave no details on the size of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19034" NEWID="2617">
+<DATE> 6-MAR-1987 10:46:28.31</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0346&#31;reute
+u f BC-CANADA-UPHOLDS-COUNTE   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA UPHOLDS COUNTERVAIL DUTY ON U.S. CORN</TITLE>
+<DATELINE>    OTTAWA, March 6 - </DATELINE><BODY>The Canadian Import Tribunal ruled today
+subsidized U.S. corn imports were injurious to Canadian growers
+and upheld a countervailing duty of 84.9 U.S. cts a bushel set
+earlier this year.
+    The ruling is the result of trade action launched in 1985
+by the Ontario Corn Producers Association that contended U.S.
+subsidies were driving American corn prices below Canadian
+production costs.
+    A spokesman for the Department of Revenue said a study of
+the level of the duty will be undertaken in the next six months
+to determine if it should be adjusted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19035" NEWID="2618">
+<DATE> 6-MAR-1987 10:47:43.44</DATE>
+<TOPICS><D>jobs</D><D>ipi</D><D>gnp</D><D>income</D><D>trade</D><D>retail</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0350&#31;reute
+u f BC-FEBRUARY-U.S.-JOBS-GA   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEBRUARY U.S. JOBS GAINS SHOW STRONGER ECONOMY</TITLE>
+<AUTHOR>    by Kathleen Hays</AUTHOR>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Momentum in th U.S. economy may be
+picking up given solid across-the board increases in the
+February U.S. employment report, economists said.
+    U.S. non-farm payroll employment rose 337,000 in February,
+twice what the financial markets expected. This follows a
+319,000 gain in January, revised down from a previously
+reported 448,000 increase.
+    "Even if you look at January and February together, this is
+still a much stronger report than the consensus expectation in
+the market," said Allan Leslie of Discount Corporation.
+    Economists stressed that gains in hours worked signal much
+larger gains in February U.S. production and income than
+previously forecast.
+    The average work week rose 0.2 hours to 35.0 hours from
+34.8 hours in January. The average manufacturing work week rose
+0.3 hours to 41.2 hours, the longest factory work week since
+November 1966, the Commerce Department said.
+    "The gains in manufacturing employment point to a very
+large increase in industrial production of between 0.5 and 0.7
+pct," said Joe Carson of Chemical Bank. This compares to a 0.4
+pct  gain in January U.S. industrial production.
+    Peter Greenbaum of Smith Barney Harris Upham and Co Inc
+noted that the average wage rate increased to 8.87 dlrs an hour
+in February from 8.83 dlrs in January.
+    "Combined with the increase in hours worked, this means
+we'll get a pretty healthy gain in personal income vis-a-vis
+the wage and salary disbursement," he said.
+    Greenbaum said that February U.S. personal income should
+rise at least 0.5 pct after being flat in January.
+    He said the February employment gains are consistent with
+his firm's first quarter U.S. real gross national product
+growth forecast of 3.7 pct.
+    Economists agreed that the employment data were negative
+for the credit markets in that they signal a healthier economy
+and no easing in the Federal Reserve's monetary policy. But
+most said that the market need not fear tighter policy either.
+    "This report is another reason for the Fed to not consider
+easing," said Ray Stone of Merrill Lynch Capital Markets Inc.  
+  "It gives them more room to address the dollar situation," he
+said. "If they had to nudge policy tighter, they could do so,
+but it's most likely they'll sit and wait."
+    "The data have not been uniform," Stone added. "Durable
+goods were weak in January and now employment is strong."
+    In January, U.S. durable goods orders dropped 7.5 pct,
+followed by a 4.0 pct drop in U.S. factory goods orders. U.S.
+retail sales fell 5.8 pct, and the U.S. merchandise trade gap
+widened to 14.8 billion dlrs.
+    "Things just aren't adding up," said Steve Slifer of Lehman
+Goverment Securities Inc. "Consumer spending, capital spending,
+goverment spending, and net exports data show very weak first
+quarter GNP growth of one pct," he said.
+    "The employment and production data point to a big
+inventory build-up, but that's what we thought in the fourth
+quarter and we only got 1.3 pct GNP growth."
+    Manufacturing employment gained 50,000 after falling 15,000
+in January. Economists estimated that 30,000 of the gain was
+accounted for by striking workers in the steel and machinery
+industries returning to work.
+    Even so, some economists said that the manufacturing gains
+have resulted from an improving trade outlook.
+    Jason Benderly of Goldman, Sachs and Co noted that the U.S.
+trade picture improved in the fourth quarter as net exports
+grew at a 20 pct annual rate while the rate of increase in
+imports fell to only six pct, and that it continues to improve
+in the first quarter.
+    "Not only the official statistics for the fourth quarter,
+but evidence of a pick up in orders from overseas for paper
+products, chemicals, high-tech goods, and capital goods show
+that trade is improving," Benderley said.
+    "The economy is moving between extremes," he said. "Some
+reports are going to look bad and some good, but first quarter
+GNP is going to grow in the middle at about three pct."
+    A 287,000 gain in services employment comprised the greater
+part of February's employment gain. Retail services employment
+rose 129,000 in February, compared to a gain of 117,000 in
+January, previously reported at 166,000.
+    Construction employment rose a slim 2,000 in February. But
+this follows a robust 113,000 gain in January, revised down
+from a previously reported 142,000 gain.
+    The U.S. civilian unemployment rate was unchanged in
+February at 6.7 pct. This means the jobless rate has stayed at
+6.7 pct for three consecutive months, the lowest reading since
+March 1980, the Commerce Department noted.
+    "The Federal Reserve has to be pleased with this report,"
+Carson said. "This takes away the Fed's flexibility to ease,
+but there's no reason to tighten. It's way too early for that."
+      
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19036" NEWID="2619">
+<DATE> 6-MAR-1987 10:48:23.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0356&#31;reute
+u f BC-AMERICAN-STORES-CO-&lt;A   03-06 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN STORES CO &lt;ASC> 4TH QTR NET</TITLE>
+<DATELINE>    SALT LAKE CITY, March 6 -
+    </DATELINE><BODY>Shr 1.57 dlrs vs 1.60 dlrs
+    Net 55.7 mln vs 56.5 mln
+    Revs 3.7 billion vs 3.6 billion
+    Year
+    Shr 3.79 dlrs vs 4.11 dlrs
+    Net 144.5 vs 154.5 mln
+    Revs 14.0 billion vs 13.9 billion
+    NOTE: 1986 4th qtr and yr per shr amts includes reduction
+of 15 cts per shr for establishment of reorganization reserves.
+Tax increase reduced 1986 yr per shr by 26 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19037" NEWID="2620">
+<DATE> 6-MAR-1987 10:49:26.79</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0363&#31;reute
+b f BC-/BAKER-SAYS-G-6-PACT   03-06 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS G-6 PACT JUST A START</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Treasury Secretary James Baker said
+the agreement among industrial nations in Paris last month is
+only a start in Washington's drive to intensify economic
+cooperation among leading countries.
+    In a speech to the National Newspaper Association, Baker
+said "the six steps beginning with the Plaza Agreement and
+culminating in the Paris Accord, are only a start."
+    He added "we see our role as a steward of a process in which
+we sit down with our industrial allies to find ways to promote
+more balanced international growth."
+    The Paris agreements called trade surplus countries to
+strengthen their growth and on the U.S. to reduce its budget
+deficit. Under such circumstances, the countries agreed their
+currencies were within ranges broadly consistent with economic
+fundamentals.
+    Baker also said he still sees "ominous" signs of pressure for
+protectionist trade legislation "and this pressure for
+protectionism is coming from new areas of society."
+    But he also said he believed a coalition was forming that
+supported free trade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19038" NEWID="2621">
+<DATE> 6-MAR-1987 10:49:30.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0364&#31;reute
+f f BC-******TREASURY'S-BAKE   03-06 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER FULLY EXPECTS BRAZIL TO STRIKE DEAL WITH PRIVATE CREDITORS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19039" NEWID="2622">
+<DATE> 6-MAR-1987 10:50:15.07</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0367&#31;reute
+f f BC-******TREASURY'S-BAKE   03-06 0019</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER FORECASTS REDUCTION IN JAPANESE TRADE SURPLUS THIS YEAR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19040" NEWID="2623">
+<DATE> 6-MAR-1987 10:51:05.28</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0368&#31;reute
+f f BC-******TREASURY'S-BAKE   03-06 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS THERE HAS BEEN NO CHANGE IN U.S. POLICY ON DOLLAR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19041" NEWID="2624">
+<DATE> 6-MAR-1987 10:51:21.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0369&#31;reute
+b f BC-******STONE-CONTAINER   03-06 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>STONE CONTAINER CORP HIKES CONTAINERBOARD PRICES 30 DLRS A TON ALL GRADES EFFECTIVE APRIL SIX
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19042" NEWID="2625">
+<DATE> 6-MAR-1987 10:51:53.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0370&#31;reute
+r f BC-USG-&lt;USG>-SELLS-10-YE   03-06 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USG &lt;USG> SELLS 10-YEAR NOTES AT EIGHT PCT</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>USG Corp is raising 100 mln dlrs
+through an offering of notes due 1997 with an eight pct coupon
+and par pricing, said lead manager Salomon Brothers Inc.
+    That is 80 basis points more than the yield of comparable
+Treasury paper. Non-callable to maturity, the notes are rated
+A-1 by Moody's and A by Standard and Poor's. Goldman Sachs and
+Shearson Lehman Brothers co-managed the deal.
+    Yesterday, USG sold 200 mln dlrs of same-rated debentures
+due 2017 that were priced to yield 8.77 pct, or 120 basis
+points over Treasuries, through a syndicate headed by Salomon
+Brothers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19043" NEWID="2626">
+<DATE> 6-MAR-1987 10:52:09.53</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0373&#31;reute
+b f BC-/-FED-NOT-EXPECTED-TO   03-06 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED NOT EXPECTED TO ACT IN MONEY MARKETS</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>The Federal Reserve is unlikely to
+operate in the U.S. government securities market during its
+usual intervention period this morning, economists said.
+    Fed funds opened comfortably at 5-15/16 pct and remained at
+that level. Yesterday Fed funds averaged 5.99 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19044" NEWID="2627">
+<DATE> 6-MAR-1987 10:52:43.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM
+&#22;&#22;&#1;f0376&#31;reute
+b f BC-/TORONTO-DOMINION-TO   03-06 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO DOMINION TO BUY SEAT ON STOCK EXCHANGE</TITLE>
+<DATELINE>    TORONTO, March 6 - </DATELINE><BODY>&lt;Toronto Dominion Bank> said it agreed
+to acquire a seat on the Toronto Stock Exchange, becoming the
+first Canadian bank to do so after government proposals to
+allow banks full involvement in the securities industry.
+    The bank, Canada's fifth largest, said one of its
+subsidiaries was already a member of the Toronto Futures
+Exchange and that this further step showed the bank's
+commitment to active involvement in the securities industry.
+    Toronto Dominion established a discount brokerage service
+in 1984 called Green Line Investors Service that now serves
+more investors than any other discount broker in Canada.
+    The bank previously said in January that it preferred to
+establish its own securities unit rather than acquire an
+existing investment dealer.
+    "Full TSE access will enable us to provide an even higher
+level of customer service and maintain Green Line's position as
+an industry leader," said Toronto Dominion president Robert
+Korthals in a statement.
+    He told reporters at a news conference that the bank agreed
+to purchase the seat for 195,000 dlrs from Hector M. Chisholm
+and Co.
+    The price represents a recent high from the 166,000 dlrs
+paid for a seat in 1981, but the record price remains 200,000
+dlrs paid in 1929.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19045" NEWID="2628">
+<DATE> 6-MAR-1987 10:53:31.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0383&#31;reute
+u f BC-BOFORS-MANAGING-DIREC   03-06 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOFORS MANAGING DIRECTOR RESIGNS</TITLE>
+<DATELINE>    STOCKHOLM, March 6 - </DATELINE><BODY>Martin Ardbo, managing director of &lt;AB
+Bofors>, which is at the centre of a police inquiry into
+illegal arms shipments to Iran, has resigned, the company said.
+    Ardbo was Bofors marketing head at the time peace groups
+say the company supplied arms to countries Sweden had
+blacklisted.
+    Ardbo was stepping down from his post at Bofors but would
+continue to work for the parent company, Bofors said in a
+statement. "For the past two years, an inquiry into alleged
+illegal arms exports has been carried out at Bofors. Arbo has
+decided that it would be unsuitable if he continued to
+represent the company," the statement said. It gave no further
+details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19046" NEWID="2629">
+<DATE> 6-MAR-1987 10:54:34.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0387&#31;reute
+r f BC-PICTEL-CORP-&lt;PCTL>-IN   03-06 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PICTEL CORP &lt;PCTL> INCREASES SIZE OF OFFERING</TITLE>
+<DATELINE>    PEABODY, Mass., March 6 - </DATELINE><BODY>PicTel Corp said it is filing an
+amendment to increased the size of its proposed offering of
+common stock and warrants.
+    It said it is still offering one mln units, but each unit
+will now consist of five common shares and three warrants,
+rather than two shares and one warrant.  F.N. Wolf and Co Inc
+is underwriter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19047" NEWID="2630">
+<DATE> 6-MAR-1987 10:54:54.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0389&#31;reute
+u f BC-BOSTON-BANCORP-&lt;SBOS>   03-06 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOSTON BANCORP &lt;SBOS> SETS TWO FOR ONE SPLIT</TITLE>
+<DATELINE>    BOSTON, March 6 - </DATELINE><BODY>Boston Bancorp said its board declared a
+two-for-one stock split, payable March 31, record March 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19048" NEWID="2631">
+<DATE> 6-MAR-1987 10:55:59.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE><D>du-plessis</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0397&#31;reute
+d f BC-SOUTH-AFRICA-OPTIMIST   03-06 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA OPTIMISTIC ABOUT DEBT TALKS</TITLE>
+<DATELINE>    JOHANNESBURG, March 6 - </DATELINE><BODY>South Africa's director-general of
+finance Chris Stals said he was optimistic about reaching a
+mutually acceptable agreement with foreign bank creditors in
+debt renegotiation talks scheduled to begin next month.
+    Stals, the country's chief foreign debt negotiator, said "we
+are busy finding out how they (banks) feel. They all have
+different opinions. There is no consensus."
+    But asked if he was optimistic on agreement for a new debt
+repayment plan, Stals replied "yes" in a telephone interview from
+his Pretoria office.
+    The agreement on the moratorium with some 330 creditor
+banks expires on June 30. "We have had a series of discussions
+with a great number of banks both bilaterally and individually
+on the foreign debt situation in preparation for April," Stals
+said.
+    He said no date has been set for the meeting and declined
+to comment on published reports in the past few months that
+banks may demand accelerated repayments.
+    Banking sources here said only an escalation of South
+African political unrest would increase foreign pressure on
+repayments.
+    Finance Minister Barend du Plessis said last month that in
+the forthcoming talks, South Africa would give a fair deal to
+all creditors but not agree to "unrealistic demands."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19049" NEWID="2632">
+<DATE> 6-MAR-1987 10:58:56.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0407&#31;reute
+b f BC-/BAKER-SEES-BRAZIL/BA   03-06 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SEES BRAZIL/BANKS REACHING AGREEMENT</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+said he believes Brazil will strike an agreement with its
+private creditors.
+    Answering questions from the National Newspaper
+Association, Baker said "Brazil is not defaulting on its debt,"
+and pointed out its interest payments moratorium was called
+because of dwindling foreign reserves.
+    He said that based on discussions with Brazilian officials
+here last week, he believed Brazil's approach to its problems
+was "nonconfrontational," adding, "We fully expect Brazil will
+work this out with its private creditors."
+    Baker pointed out Brazil was paying in full and on time its
+debts to multilateral institutions, the U.S. government and
+other western creditor governments.
+    The country has declared an interest payments moratorium on
+68 billion dlrs of its 108 billion dlr foreign debt and frozen
+some 15 billion dlrs in trade and interbank deposits by
+commercial bank creditors at Brazilian institutions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19050" NEWID="2633">
+<DATE> 6-MAR-1987 11:00:18.34</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0411&#31;reute
+b f BC-/BAKER-DENIES-CHANGE   03-06 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER DENIES CHANGE IN U.S. POLICY ON DOLLAR</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Treasury Secretary James Baker said
+there has been no change in U.S. policy on the value of the
+dollar.
+    Baker, when asked if the policy was changed in view of
+comments yesterday by a senior Commerce Department official who
+said he thought the Japanese yen was undervalued against the
+dollar by 10 to 15 pct, replied, "No."
+    Yesterday Robert Ortner, Undersecretary of Commerce for
+Economic Affairs, said he thought the yen was undervalued but
+said that was his personal view.
+    This remark caused the dollar to drop as it appeared to
+conflict with a recent agreement in Paris by the United States
+and five other industrial nations that currency rates were at
+about the right level to reflect underlying economic
+conditions.
+    Baker, who spoke earlier to the National Newspaper
+Association, declined to elaborate on his statement about U.S.
+policy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19052" NEWID="2634">
+<DATE> 6-MAR-1987 11:01:16.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0413&#31;reute
+b f BC-CORRECTION---MACANDRE   03-06 0067</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - MACANDREWS AND FORBES HOLDINGS
+    In New York story headlined "MacAndrews and Forbes Holdings
+bids for Revlon," pls read in headline and first paragraph,
+"MacAndrews and Forbes considers bid for Revlon," and in first
+paragraph, "MacAndrews and Forbes holdings Inc said it is
+considering making a proposal." (Corrects from "bids for
+Revlon," in headline and "will offer"in first paragraph)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19053" NEWID="2635">
+<DATE> 6-MAR-1987 11:02:00.67</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0417&#31;reute
+u f BC-SOME-SHIPPING-RESTRIC   03-06 0147</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOME SHIPPING RESTRICTIONS REMAIN ON RHINE</TITLE>
+<DATELINE>    BONN, March 6 - </DATELINE><BODY>Limited shipping restrictions due to high
+water remain in force on parts of the West German stretch of
+the Rhine river between the Dutch border and the city of Mainz
+but most are expected to be lifted this weekend.
+    water authority officials said The restrictions, caused by
+high water levels, include speed limits and directives to keep
+to the middle of the river to prevent damage to the river
+banks. The high water was expected to recede within two days to
+below levels at which the restrictions come into force.
+    Traffic was halted briefly late Tuesday night, Wednesday
+and parts of Thursday on stretches of the Rhine between Bonn
+and Koblenz but the shipping bans were lifted, the officials
+said. Shipping is now permitted on all parts of the West German
+section of the Rhine, with restrictions in some areas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19054" NEWID="2636">
+<DATE> 6-MAR-1987 11:03:47.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0427&#31;reute
+d f BC-ALLURE-COSMETICS-&lt;ALU   03-06 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLURE COSMETICS &lt;ALUR> SIGNS PACT WITH MOTOWN</TITLE>
+<DATELINE>    HACKENSACK, N.J., March 6 - </DATELINE><BODY>Allure Cosmetics Inc said it
+reached an agreement with &lt;Motown Industries> of Los Angeles to
+be the exclusive licensee of the Motown name for skin care,
+cosmetics and hair-care products.
+    Allure said the medium-priced products are scheduled to be
+introduced at a trade show in Philadelphia in early April. The
+company said the products will be sold in professional salons,
+major drug chains and department stores.
+    Allure also said it entered into a merchandising agreement
+with the U.S. Olympic Committee to use the Olympic designation
+on  suntan, sun treatment, lip care and other
+facial skin-care products.
+    Alllure said it also introduced a new face lift masque,
+intended to reduce wrinkles and other signs of aging.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19055" NEWID="2637">
+<DATE> 6-MAR-1987 11:04:43.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0430&#31;reute
+b f BC-HAWKER-SIDDELEY-OFFER   03-06 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKER SIDDELEY OFFER FOR CLAROSTAT &lt;CLR> ENDS</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>&lt;Hawker Siddeley Group PLC>'s offer of
+74 dlrs a share for all of Clarostat Mfg Co Inc's stock was
+scheduled to expire at 2400 EST yesterday.
+    Company officials were unavailable for comment as to why
+the American Stock Exchange had stopped trading in Clarostat's
+stock for a pending news announcement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19056" NEWID="2638">
+<DATE> 6-MAR-1987 11:07:29.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0446&#31;reute
+u f BC-taft-&lt;tfb>-given-dead   03-06 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAFT &lt;TFB> GIVEN DEADLINE ON BUYOUT PROPOSAL</TITLE>
+<DATELINE>    PROVIDENCE, R.I., March 6 - </DATELINE><BODY>Narragansett Capital Inc &lt;NARR>
+said it and Dudley S. Taft have requested a response from Taft
+Broadcasting Co by March 12.
+    Earlier today, Taft Broadcasting said Taft, the company's
+vice chairman, and Narragansett had offered 145 dlrs for each
+of Taft's 9.2 mln outstanding shares.
+    The company said the offer is conditioned on approval of
+its board, but a spokesman declined comment on whether or not
+the board has scheduled a meeting.
+     The Narragansett/Taft group will provide the equity portion
+of the offer by contributing at least 125 mln dlrs in cash and
+Taft Broadcasting common, Narragansett said.
+    It said the group has been advised by First Boston Inc's
+&lt;FBC> First Boston Corp that the investment banker is "highly
+confident that financing for the acquisition can be
+consummated."
+    Narragansett said the offer is subject to negotiation of a
+definitive merger agreement and definitive financing agreements
+as well as approval by regulators, Taft's board and Taft's
+stockholders.
+    The Narragansett/Taft group said its letter to Taft's board
+states the group intends to return control over a significant
+portion of the company's equity to the Taft family while
+providing other stockholders with a means of realizing a very
+attractive value for their shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19057" NEWID="2639">
+<DATE> 6-MAR-1987 11:08:06.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0451&#31;reute
+u f BC-STONE-CONTAINER-&lt;STO>   03-06 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STONE CONTAINER &lt;STO> RAISING PRICES</TITLE>
+<DATELINE>    CHICAGO, March 6 - </DATELINE><BODY>Stone Container Corp said that effective
+April six, prices for all grades of containerboard products
+will increase 30 dlrs per ton.
+    Stone Container chairman and chief executive officer Roger
+Stone said that, for example the base price of 42 lb paper
+delivered to the Northeast, will rise to 380 dlrs a tone from
+350 dlrs a ton.
+    The Stone container increase follows International Paper
+Co's &lt;IP> announcement yesterday it would hike linerboard
+prices on April six, to 380 per ton from 350 ton, except in the
+Northeast and West where the new price is 390 per ton.
+    International Paper also said its medium grade linerboard
+prices would increase to 360 dlrs a ton from 340 dlrs a tone,
+effective April six, expect in the Northeawst and West, where
+the news price will be 370 dlrs a ton.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19058" NEWID="2640">
+<DATE> 6-MAR-1987 11:08:33.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>denmark</D><D>norway</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0453&#31;reute
+r f BC-SAS-CUTS-PEAK-SEASON   03-06 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAS CUTS PEAK-SEASON U.S. DISCOUNT AIR FARES</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>&lt;Scandinavian Airline System> said it
+has cut the price of its peak-season Super Apex fares from New
+York to Scandinavia about 150 dlrs.
+    The airline said there will be comparable savings from
+other U.S. gateways. The new fares, which are subject to
+government approval, were introduced so SAS can remain
+competitive with all scheduled carriers from the United States
+to Scandinavia, it said.
+    SAS said the price of a round-trip Super Apex ticket from
+New York to Copenhagen, Oslo, Bergen and Gothenburg during the
+shoulder season -- the month of May and from mid-August to
+mid-September -- will be 644 dlrs midweek and 694 dlrs on
+weekends with Stockholm 50 dlrs higher.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19059" NEWID="2641">
+<DATE> 6-MAR-1987 11:08:55.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0457&#31;reute
+r f BC-AMERICAN-CAN-&lt;AC>-TO   03-06 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CAN &lt;AC> TO CHANGE NAME</TITLE>
+<DATELINE>    GREENWICH, Conn., March 6 - </DATELINE><BODY>American Can Co said it plans
+to change its name to Primerica Corp, subject to approval by
+shareholders at the April 28 annual meeting.
+    It said its new New York Stock Exchange ticker symbol would
+be &lt;PA>.
+    American Can sold all its packaging operations -- and
+rights to the American Can name -- to Triangle Industries Inc
+&lt;TRI> in November.
+    The company said the new name gives it flexibility as it
+moves into new areas of enterprise.  American Can is now
+involved in financial services and specialty retailing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19060" NEWID="2642">
+<DATE> 6-MAR-1987 11:09:02.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0458&#31;reute
+r f BC-SOUND-WAREHOUSE-&lt;SWHI   03-06 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUND WAREHOUSE &lt;SWHI> SAME-STORE SALES SLIP</TITLE>
+<DATELINE>    DALLAS, March 6 - </DATELINE><BODY>Sound Warehouse Inc said revenues for the
+five weeks ended March One were up 27 pct to 15.0 mln dlrs from
+11.9 mln dlrs a year before, with same-store revenues off one
+pct.
+    It said revenues for the third quarter were up 24 pct to
+48.0 mln dlrs from 38.7 mln dlrs a year before, with same-store
+revenues off one pct, and nine month revenues were up 21 pct to
+116.8 mln dlrs from 96.4 mln dlrs, with same-store revenues up
+three pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19061" NEWID="2643">
+<DATE> 6-MAR-1987 11:09:10.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0459&#31;reute
+r f BC-IBM-CANADA-FILES-COPY   03-06 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM CANADA FILES COPYRIGHT INFRINGEMENT SUIT</TITLE>
+<DATELINE>    Toronto, March 6 - </DATELINE><BODY>&lt;IBM Canada Ltd> said it filed a lawsuit
+in the federal court of Canada against a number of companies
+and individuals operating in Montreal under the names Crazy
+Irving Inc, Irving Le Fou Inc and other names.
+    IBM said the companies are making and distributing copies
+of IBM personal computer programs that infringe upon IBM
+copyrights and trademarks.
+    IBM said it is seeking injunctions to prevent the companies
+from continuing to sell the programs in question. A hearing is
+expected in the next few weeks. IBM Canada is 100 pct owned by
+International Business Machines Corp &lt;IBM>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19062" NEWID="2644">
+<DATE> 6-MAR-1987 11:09:21.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0461&#31;reute
+r f BC-SOUTHDOWN-&lt;SDW>-DOWNG   03-06 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHDOWN &lt;SDW> DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Standard and Poor's said it lowered its
+rating of Southdown Inc's 50 mln dlrs of sinking fund
+debentures to BB-plus from BBB and removed the issue from
+Creditwatch.
+    The downgrading reflects higher debt levels from the
+debt-financed repurchase of 89 mln dlrs worth of common shares,
+combined with a bleaker earnings outlook due to weakness in key
+energy and Southwest cement markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19063" NEWID="2645">
+<DATE> 6-MAR-1987 11:09:32.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0463&#31;reute
+d f BC-&lt;PETER-MILLER-APPAREL   03-06 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PETER MILLER APPAREL GROUP INC> 3RD QTR LOSS</TITLE>
+<DATELINE>    Toronto, March 6 - </DATELINE><BODY>period ended January 31
+    Shr loss 28 cts vs profit seven cts
+    Net loss 931,000 vs profit 7,000
+    Sales 2,303,000 vs 2,006,000
+    Nine mths
+    Shr loss 55 cts vs profit seven cts
+    Net loss 1,619,000 vs profit 185,000
+    Sales 7,684,000 vs 7,059,000
+    Note: per share reflects issue of 600,000 shares in October
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19064" NEWID="2646">
+<DATE> 6-MAR-1987 11:09:42.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0464&#31;reute
+b f BC-QUEBEC-CAISSE-DESJARD   03-06 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBEC CAISSE DESJARDINS BRINGS EUROYEN BOND</TITLE>
+<DATELINE>    LONDON, March 6 - </DATELINE><BODY>La Caisse Centrale Desjardins Du Quebec
+is issuing a 10 billion yen eurobond due April 7, 1994 paying
+five pct and priced at 102-3/8 pct, Yamaichi International
+(Europe) Ltd said as joint book runner for the deal.
+    Tokai International Ltd is other joint book runner.
+    The bond is available in denominations of one mln yen and
+will be listed in Luxembourg.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct for
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19065" NEWID="2647">
+<DATE> 6-MAR-1987 11:10:03.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0465&#31;reute
+r f BC-SANTA-FE-SOUTHERN-&lt;SF   03-06 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTA FE SOUTHERN &lt;SFX> APPEALS MERGER RULING</TITLE>
+<DATELINE>    CHICAGO, March 6 - </DATELINE><BODY>Santa Fe Southern Pacific Corp said it
+filed a petition asking the U.S. Interstate Commerce Commission
+to reconsider its earlier rejection of the merger of the
+holding company's railroad assets.
+    The ICC had rejected in July the merger of the Santa Fe and
+Southern Pacific Railroads on the grounds that it would reduce
+competition.
+    Santa Fe in its petition outlines an array of
+pro-competitive agreements with other railroads which would
+preserve the economic benefits of the merger for the merged
+railroad and the public.
+    If the commission agrees that public benefits and
+competitive enhancements will result, it can vote to reopen the
+merger case. Interested parties have until March 25 to file
+statements in response to the supplemental petition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19066" NEWID="2648">
+<DATE> 6-MAR-1987 11:10:20.07</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0466&#31;reute
+b f BC-/BAKER-SEES-LOWER-JAP   03-06 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SEES LOWER JAPANESE TRADE SURPLUS</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+said the Japanese trade surplus would begin to decline this
+year.
+    He told the National Newspaper Association "You're going to
+see a reduction in the Japanese trade surplus -- some of it
+this year".
+    But he said the reduction would be due principally to the
+exchange rate shifts since the Plaza Agreement, and these
+shifts would take a long time to work their way through the
+system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19067" NEWID="2649">
+<DATE> 6-MAR-1987 11:12:32.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0475&#31;reute
+b f BC-cineplex   03-06 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CINEPLEX ODEON CORP YEAR OPER SHR BASIC 1.04 DLRS VS 77 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19068" NEWID="2650">
+<DATE> 6-MAR-1987 11:13:20.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0478&#31;reute
+u f BC-MONFORT-&lt;MNFT>-SOARS   03-06 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONFORT &lt;MNFT> SOARS ON ACQUISITION AGREEMENT</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Monfort of Colorado Inc soared 21-1/2
+to 75 in over-the-counter trading, responding to an
+announcement late yesterday that the firm will be acquired by
+Conagra Inc &lt;CAG>.
+    According to a letter of intent signed by both companies,
+Conagra will offer 2.5 of its own shares for each of Monfort's
+4.3 mln outstanding shares.
+    Conagra fell one to 33 on the New York Stock Exchange.
+Monfort is an integrated beef and lamb producer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19069" NEWID="2651">
+<DATE> 6-MAR-1987 11:14:18.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0484&#31;reute
+r f BC-TRIANGLE-INDUSTRIES-&lt;   03-06 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIANGLE INDUSTRIES &lt;TRI>, UNIT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the ratings on 255 mln dlrs of debt of Triangle
+Industries Inc and the unit National Can Corp.
+    S and P cited an increase in Triangle's equity base to
+about 450 mln dlrs at year-end 1986 from 102 mln dlrs a year
+ago. That resulted from a conversion of debt securities and the
+issuance of equity to American Can Co &lt;AC> as part of the
+purchase prices for American Can's packaging operations.
+    Affirmed were Triangle's B-minus subordinated debt and
+preferred stock and National Can's B-plus senior debt and
+B-minus subordinated debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19070" NEWID="2652">
+<DATE> 6-MAR-1987 11:16:00.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0491&#31;reute
+u f BC-NORDBANKEN-TO-AUCTION   03-06 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORDBANKEN TO AUCTION ITS FERMENTA SHARES</TITLE>
+<DATELINE>    STOCKHOLM, March 6 - </DATELINE><BODY>Sweden's &lt;Nordbanken> banking group
+said it would sell the 4.2 mln B free shares deposited as loan
+collateral by Fermenta AB's &lt;FRMS.ST> founder and former chief
+executive Refaat el-Sayed and it planned to buy them up itself.
+    The bank said the sale - by public auction on March 16 --
+was because of a debtor's inability to repay an overdue loan.
+    The B free shares closed at 16.50 crowns on the bourse's
+unofficial list -- down from a peak of 300 in January 1986.
+Nordbanken said it did not exclude accepting a suitable bid for
+the shares although it expected to buy them back itself.
+    The statement said the sale did not represent any
+withdrawal from Nordbanken's undertakings towards the Fermenta
+group and that it had been sanctioned by the other main
+shareholders.
+    Nordbanken is Fermenta's third largest creditor with loans
+of 155 mln crowns. It was one of the four Swedish banks which
+last month agreed to advance the group 110 mln crowns to solve
+its immediate liquidity problems. Together with two other main
+shareholders, it also advanced Fermenta an additional 65 mln
+crowns until a new equity issue could be made.
+    Fermenta is due to hold an extraordinary shareholders'
+meeting on Tuesday to approve the planned equity issue.
+    Nordbanken had to make a provision against a 200 mln crown
+loan to el-Sayed in its 1986 results.
+    Fermenta's new management originally hoped to raise 160 mln
+crowns through the new one for four rights issue and an extra
+170 mln from an issue to Nordbanken, another major creditor and
+shareholder &lt;Gotabanken> and the group's new majority owner
+&lt;Industrivarden AB>.
+    The share price was to be 20 crowns. But there has been
+doubt over the plans since the stock fell below this level this
+week after Fermenta's former chairman Kjell Brandstrom said the
+company was in a much worse state than he thought.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19071" NEWID="2653">
+<DATE> 6-MAR-1987 11:19:17.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0503&#31;reute
+r f BC-VANCOUVER-EXCHANGE-FE   03-06 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VANCOUVER EXCHANGE FEBRUARY VOLUME RISES</TITLE>
+<DATELINE>    VANCOUVER, March 6 - </DATELINE><BODY>The Vancouver Stock Exchange said
+February volume rose to 362.4 mln shares, up from 274.8 mln a
+year ago and up 27 pct from the previous volume record for the
+month set in 1983.
+    The exchange said market value for the month was 469.5 mln
+dlrs, up from 336.3 mln dlrs a year before and 8.5 pct ahead of
+the previous record for the month, set in 1980.
+    It said year to date volume was 724.2 mln shares, up 21.1
+pct from a year before, and value was up 29.4 pct to 944.4 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19072" NEWID="2654">
+<DATE> 6-MAR-1987 11:20:35.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0507&#31;reute
+r f BC-COMPUTER-FACTORY-&lt;CFA   03-06 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER FACTORY &lt;CFA> SHARE OFFERING STARTS</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Sole underwriter E.F. Hutton Group Inc
+&lt;EFH> said an offering of 2,100,000 common shares of Computer
+Factory Inc is under way at 24.50 dlrs per share.
+    The company is selling 1,800,000 shares and a shareholder
+the rest.  Computer Factory and the shareholder have granted
+Hutton an option to buy up to 315,000 more shares to cover
+over-allotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19073" NEWID="2655">
+<DATE> 6-MAR-1987 11:21:59.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0513&#31;reute
+d f BC-QUEBEC-CAISSE-DESJARD   03-06 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBEC CAISSE DESJARDINS BRINGS EUROYEN BOND</TITLE>
+<DATELINE>    LONDON, March 6 - </DATELINE><BODY>La Caisse Centrale Desjardins Du Quebec
+is issuing a 10 billion yen eurobond due April 7, 1994 paying
+five pct and priced at 102-3/8 pct, Yamaichi International
+(Europe) Ltd said as joint book runner for the deal.
+    Tokai International Ltd is other joint book runner.
+    The bond is available in denominations of one mln yen and
+will be listed in Luxembourg.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct for
+management and underwriting combined.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19074" NEWID="2656">
+<DATE> 6-MAR-1987 11:22:43.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0517&#31;reute
+u f BC-P.S.-INDIANA-&lt;PIN>-BO   03-06 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>P.S. INDIANA &lt;PIN> BONDS UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Standard and Poor's Corp said it raised
+to BBB-plus from BBB Public Service Co of Indiana's first
+mortgage bonds.
+    The utility's BBB-minus preferred stock was affirmed. The
+company has one billion dlrs of debt outstanding.
+    S and P cited continuing improvement in earnings protection
+measures because of a 1986 emergency rate increase.
+    While various writeoffs related to the abandoned Marble
+Hill nuclear facility have weakened common equity, the
+retention of all common earnings until at least 1989 will help
+restore capital structure balance fairly quickly, S/P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19075" NEWID="2657">
+<DATE> 6-MAR-1987 11:23:05.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0519&#31;reute
+r f BC-AMERICAN-WEST-&lt;AWAL>   03-06 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN WEST &lt;AWAL> HAS LOWER LOAD FACTOR</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 6 - </DATELINE><BODY>America West Airlines said its
+February load factor slipped to 57.9 pct from 58.1 pct a year
+earlier and the year-to-date load factor was up slightly at
+55.5 pct compared with 55.4 pct a year earlier.
+    February revenue passenger miles rose to 367.6 mln from
+209.1 mln and year-to-date revenue miles were up to 730.3 mln
+from last's year 421.9 mln.
+    Available seat miles for the month increased to 634.4 mln
+from 360.1 mln a year earlier and for the two-month period
+available miles totaled 1.32 billion, up from the 761.7 mln
+reported for the comparable period in 1986, America West said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19076" NEWID="2658">
+<DATE> 6-MAR-1987 11:24:16.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0527&#31;reute
+r f BC-UNITED-INDUSTRIAL-COR   03-06 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED INDUSTRIAL CORP &lt;UIC> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 6 -
+    </DATELINE><BODY>Shr loss 1.27 dlrs vs profit 43 cts
+    Net loss 17.0 mln vs profit 5,667,000
+    Sales 67.8 mln vs 70.1 mln
+    Year
+    Shr loss 69 cts vs profit 2.18 dlrs
+    Net loss 9,174,000 vs profit 29.1 mln
+    Sales 272.5 mln vs 269.4 mln
+    Avg shrs 13.3 mln vs 13.4 mln
+    NOTE: 1986 net includes tax credits of 14.5 mln dlrs in
+quarter and 8,408,000 dlrs in year.
+    1985 year net includes 616,000 dlr loss from discontinued
+operations and 10.6 mln dlr gain on their disposal.
+    1986 net both periods includes 19.1 mln dlr provision for
+future losses from several major projects in defense contractor
+subsidiary.
+    Backlog 310 mln dlrs, up six pct from a year before.
+    Share adjusted for 10 pct stock dividend in February 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19077" NEWID="2659">
+<DATE> 6-MAR-1987 11:24:37.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0529&#31;reute
+r f BC-&lt;CINEPLEX-ODEON-CORP>   03-06 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CINEPLEX ODEON CORP> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 6 -
+    </DATELINE><BODY>Oper shr basic 1.04 dlrs vs 77 cts
+    Oper shr diluted 89 cts vs 60 cts
+    Oper net 31.6 mln vs 12.5 mln
+    Revs 500.6 mln vs 170.9 mln
+    Avg shrs 29.1 mln vs 14.3 mln
+    Note: 1985 net excludes extraordinary gain of 1,756,000
+dlrs or 12 cts shr basic and eight cts shr diluted.
+    1986 net involves 53-week reporting period to reflect
+change in yr-end to coincide with calendar yr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19078" NEWID="2660">
+<DATE> 6-MAR-1987 11:25:03.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0530&#31;reute
+r f BC-MINE-SAFETY-APPLIANCE   03-06 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINE SAFETY APPLIANCES &lt;MNES> TO SELL UNIT</TITLE>
+<DATELINE>    PITTSBURGH, March 6 - </DATELINE><BODY>Mine Safety Appliances Co said it
+agreed to sell its filter products division to Donaldson Co Inc
+&lt;DCI> for undisclosed terms.
+    It said the filter products unit will be relocated from its
+plant in Pennsylvania to a Donaldson facility in Illinois. It
+said it expects a number of the unit's 100 employees will be
+offered positions with Donaldson.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19079" NEWID="2661">
+<DATE> 6-MAR-1987 11:25:40.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0531&#31;reute
+u f BC-EQUIMARK-&lt;EQK>-PARTNE   03-06 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUIMARK &lt;EQK> PARTNERS TO BE DISSOLVED</TITLE>
+<DATELINE>    PITTSBURGH, March 6 - </DATELINE><BODY>Equimark Corp said &lt;Equimark
+Purchasing Partners> will be dissolved, effective February 24.
+    Equimark, a bank holding company with is the limited
+partership's general partner, said the partnership's
+dissolution will proceed in accordance with the partnership
+agreement and the assets are being distributed to partners on
+a pro rata basis.
+    The assets primarily consist of 27.6 pct of Equimark's
+stock, it added, saying no individual partner will own in
+excess of 10 pct of the stock after the distribution.
+    Equimark said the partnership was formed in October 1984 as
+one of the principal components in the corporation's
+recapitalization plan.
+    On June 28, 1985, the partnership purchased 9,328,358
+Equimark common shares from Chase Manhattan Corp for 25 mln
+dlrs. The purchase was funded with the proceeds of cash capital
+contributions made by the partners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19080" NEWID="2662">
+<DATE> 6-MAR-1987 11:25:49.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0532&#31;reute
+u f BC-GERMAN-SECURITIES-PUR   03-06 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN SECURITIES PURCHASES SET RECORD IN JANUARY</TITLE>
+<DATELINE>    FRANKFURT, March 6 - </DATELINE><BODY>Purchases of West German bonds in
+January reached a record 13 billion marks' worth as a result of
+investment from other European countries amid expectations of a
+European Monetary System realignment, the Bundesbank said.
+    This produced a surplus in the securities item of the
+long-term capital account of 11.17 billion marks and was the
+primary contributor to a 10.15 billion surplus in the total
+capital account, turning round December's 6.48 billion deficit.
+    In January last year, the capital account, combining long
+and short-term flows, showed a surplus of 2.27 billion marks,
+the Bundesbank said.
+    The Bundesbank said foreign purchase of German shares in
+January was, by contrast to the massive bond investments, only
+about 200 mln marks worth, while overseas purchases of
+"Schuldschein" promissory notes fell by 500 mln from December.
+    The long-term account in total showed a surplus of 11.17
+billion marks, reversing the 2.60 billion deficit in December
+and up from a surplus of 9.37 billion in January, 1986.
+    Among other items, direct domestic investment abroad posted
+an outflow of 2.86 billion marks after a deficit of 4.98
+billion in December and a surplus of 1.13 billion in January
+last year.
+    The Bundesbank confirmed earlier figures from the federal
+statistics office that the current account surplus in January
+fell to 4.86 billion marks from 8.47 billion last year.
+    The trade surplus in the month was down to 7.20 billion
+from 11.57 billion in December.
+    In the invisibles account, the surplus on services was 100
+mln marks, turning round a deficit of 500 mln marks in
+December. The balance on payments transfers narrowed to a
+deficit of 2.40 billion marks from 2.70 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19081" NEWID="2663">
+<DATE> 6-MAR-1987 11:26:29.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0536&#31;reute
+r f BC-PROSPECT-GROUP-INC-&lt;P   03-06 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROSPECT GROUP INC &lt;PROSZ> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 6 -
+    </DATELINE><BODY>Shr loss 10 cts vs loss 50 cts
+    Net loss 1,830,000 vs loss 3,584,000
+    Revs 40.7 mln vs 26.8 mln
+    Avg shrs 19.2 mln vs 7,115,847
+    12 mths 
+    Shr profit 10 cts vs loss 91 cts
+    Net profit 1,422,000 vs loss 6,195,000
+    Revs 185.7 mln vs 126.9 mln
+    Avg shrs 14.8 mln vs 6,811,280
+    NOTES: In May 1986 Prospect raised 101,810,0000 dlrs from
+an initial public offering of common stock.
+    The company purchased in March 1986 MidSouth Corp, a
+regional railroad company in Mississippi and Louisiana, which
+contributed sales of 39.5 mln dlrs and operating income of 16.3
+mln dlrs during first nine months of operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19082" NEWID="2664">
+<DATE> 6-MAR-1987 11:26:50.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0539&#31;reute
+r f BC-FRANCE-FUND-INC-&lt;FRN>   03-06 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE FUND INC &lt;FRN> SETS INITIAL DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>France Fund Inc said its board declared
+an initial dividend of 1.12 dlrs per share, payable April six,
+to holders of record March 20.
+    The fund said the dividend represents two cts per share for
+net investment income realized during 1986 and 1.10 dlrs from
+net taxable gains realized during the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19083" NEWID="2665">
+<DATE> 6-MAR-1987 11:27:40.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0543&#31;reute
+r f BC-3COM-&lt;COMS>-FILES-FOR   03-06 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>3COM &lt;COMS> FILES FOR ONE MLN SHR OFFERING</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 6 - </DATELINE><BODY>3Com Corp said it filed a
+registration statement with the Securities and Exchange
+Commission covering a proposed public offering of one mln
+common shares.
+    It said the offering will be managed by Goldman Sachs and
+Co and Montgomery Securities.
+    Proceeds from the proposed offering will be added to
+working capital to fund future growth, 3Com said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19084" NEWID="2666">
+<DATE> 6-MAR-1987 11:28:25.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0547&#31;reute
+d f BC-HEINEKEN-N.V.-&lt;HEIN.A   03-06 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEINEKEN N.V. &lt;HEIN.AS> 1986 YEAR</TITLE>
+<DATELINE>    AMSTERDAM, March 6 -
+    </DATELINE><BODY>Pre-tax profit 513.2 mln guilders vs 545.5 mln
+    Net profit 285.3 mln guilders vs 265.4 mln
+    Consolidated net turnover 6.68 billion guilders vs 6.40
+billion
+    Net profit per 25.00 guilder nominal share 11.11 guilders
+vs 10.33, taking into account one-for-three scrip issue last
+year
+    Final dividend two guilders vs same, making total 3.50
+guilders vs same
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19085" NEWID="2667">
+<DATE> 6-MAR-1987 11:28:36.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0549&#31;reute
+d f BC-NATIONAL-SECURITY-INS   03-06 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL SECURITY INSURANCE CO &lt;NSIC> 4TH QTR</TITLE>
+<DATELINE>    ELBA, Ala., March 6 -
+    </DATELINE><BODY>Oper shr loss 15 cts vs profit 57 cts
+    Oper net loss 151,000 vs profit 570,000
+    Year
+    Oper shr profit 2.08 dlrs vs loss 12 cts
+    Oper net profit 2,122,000 vs loss 127,000
+    NOTE: Net excludes realized capital loss 19,000 dlrs vs
+gain 896,000 dlrs in quarter and gains 1,646,000 dlrs vs
+1,331,000 dlrs in year.
+    1986 net both periods excludes tax credit 1,288,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19086" NEWID="2668">
+<DATE> 6-MAR-1987 11:29:39.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0550&#31;reute
+r f BC-BAKER-&lt;BKO>,-HUGHES-&lt;   03-06 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER &lt;BKO>, HUGHES &lt;HT> STILL ON S/P WATCH</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Standard and Poor's Corp said debt
+ratings on 840 mln dlrs of debt of Baker International Corp and
+Hughes Tool Co remain on creditwatch.
+    S and P cited the adjournment of a special shareholder
+meeting in which Hughes objected to certain conditions for the
+merger of the companies set by the U.S. Justice Department.
+    If the merger is consumated, S and P would rate the newly
+formed Baker Hughes Inc senior debt at A-minus, subordinated
+debt at BBB-plus and commercial paper at A-2. But if the merger
+does not occur, Baker's senior debt would be cut to A-minus
+from A and commercial paper to A-2 from A-1.
+    Without the merger, Hughes Tool's current ratings of B-plus
+for senior debt, B-minus for subordinated debt and C for
+commercial paper would be affirmed, S and P said.
+    That would reflect the continuation of dismal industry
+conditions and the company's substantially weaker credit
+profile, S and P explained.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19087" NEWID="2669">
+<DATE> 6-MAR-1987 11:30:43.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0553&#31;reute
+r f BC-WILSON-FOODS-&lt;WILF>-S   03-06 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILSON FOODS &lt;WILF> SHARE OFFERING STARTS</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 6 - </DATELINE><BODY>Wilson Foods Corp said an offering
+of 2,500,000 common shares is underway at 10.375 dlrs each
+through underwriters led by &lt;Smith Barney, Harris Upham and Co
+Inc>.             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19088" NEWID="2670">
+<DATE> 6-MAR-1987 11:31:57.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0558&#31;reute
+r f BC-ROLLINS-ENVIRONMENTAL   03-06 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROLLINS ENVIRONMENTAL &lt;REN> SHARE OFFER STARTS</TITLE>
+<DATELINE>    WILMINGTON, Del., March 6 - </DATELINE><BODY>Rollins Environmental Services
+Inc said an offering of 900,000 common shares is under way at
+34.625 dlrs a share through underwriter Merrill Lynch and Co
+Inc &lt;MER>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19089" NEWID="2671">
+<DATE> 6-MAR-1987 11:36:08.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0578&#31;reute
+r f BC-CYPRUS-MINERALS-&lt;CYPM   03-06 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYPRUS MINERALS &lt;CYPM> NAMED IN SUITS</TITLE>
+<DATELINE>    DENVER, March 6 - </DATELINE><BODY>Cyprus Minerals Co said along with about
+40 other companies, it has been named a defendant in 23 product
+liability lawsuits filed in California by individual
+tireworkers aleging injury as a result of exposure to talc and
+other products.
+    It said other suits are expected to be brought.
+    Cyprus, which produces talc, said it has significant
+factual and legal defenses and substantial insurance coverage
+and does not expect the suits to have a material adverse impact
+on its financial condition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19090" NEWID="2672">
+<DATE> 6-MAR-1987 11:36:23.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0579&#31;reute
+d f BC-DONALDSON-&lt;DCI>-TO-BU   03-06 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DONALDSON &lt;DCI> TO BUY MINE SAFETY &lt;MNES> UNIT</TITLE>
+<DATELINE>    MINNEAPOLIS, March 6 - </DATELINE><BODY>Donaldson Co Inc said it reached an
+agreement to buy the assets of the Filter Products Division of
+Mine safety Appliances Co for undisclosed terms.
+    It said Filter Products will operate as part of Donaldson's
+Industrial Group and its manufacturing operations will be
+relocated to Dixon, Ill., from Evans City, Pa.
+    Donaldson said the acquisition complements its
+microfiltration business and internal research and development
+efforts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19091" NEWID="2673">
+<DATE> 6-MAR-1987 11:38:18.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0584&#31;reute
+u f BC-PHILIP-CROSBY-&lt;PCRO>   03-06 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIP CROSBY &lt;PCRO> PROBES POSSIBLE EMBEZZLING</TITLE>
+<DATELINE>    WINTER PARK, Fla., March 6 - </DATELINE><BODY>Philip Crosby Associates Inc
+said it and police authorities are investigating a possible
+embezzlement by a bonded former employee that may involve
+several hundred thousand dollars.
+    The company said it does not expect the possible
+embezzlement to materially affect 1986 earnings. It said the
+release of results will be delayed for about a week by the
+investigation.
+    Crosby said the amount may be covered by a fidelity bond
+and it believes it stands a good chance of recovering much of
+the money.
+    The company said it intends to prosecute.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19092" NEWID="2674">
+<DATE> 6-MAR-1987 11:38:35.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0585&#31;reute
+r f BC-ARUNDEL-CORP-&lt;ARL>-4T   03-06 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARUNDEL CORP &lt;ARL> 4TH QTR NET</TITLE>
+<DATELINE>    BALTIMORE, March 6 -
+    </DATELINE><BODY>Shr 1.73 dlrs vs 1.66 dlrs
+    Net 3,637,000 vs 3,789,000
+    Revs 27.6 mln vs 26.6 mln
+    Year
+    Shr 3.47 dlrs vs 2.34 dlrs
+    Net 7,815,000 vs 5,340,000
+    Revs 94.3 mln vs 81.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19093" NEWID="2675">
+<DATE> 6-MAR-1987 11:39:30.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0587&#31;reute
+f f BC-******R.J.-REYNOLDS-T   03-06 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>R.J. REYNOLDS TO REDEEM 1.2 BILLION DLRS OF 11.20 PCT NOTES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19094" NEWID="2676">
+<DATE> 6-MAR-1987 11:40:09.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0590&#31;reute
+r f BC-MERIDIAN-&lt;KITS>-LICEN   03-06 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERIDIAN &lt;KITS> LICENSES PARASITE TEST KIT</TITLE>
+<DATELINE>    CINCINNATI, March 6 - </DATELINE><BODY>Meridian Diagnostics Inc said it
+finalized a licensing agreement with the University of Arizona
+for the production of a test kit that detects Giardia lamblia,
+a major cause of traveler's diarrhea.
+    Giardia is a common parasite found in water and Meridian
+said it is the most common parasite in the U.S. It said it
+expects to release the product to the hospital market in late
+1987.
+    It also said new government regulations indicate a
+significant need for a product to screen public water surplies
+for this parasite.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19104" NEWID="2677">
+<DATE> 6-MAR-1987 11:40:22.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0591&#31;reute
+u f BC-GULF-STATES-UTILITIES   03-06 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF STATES UTILITIES &lt;GSU> GETS QUALIFIED AUDIT</TITLE>
+<DATELINE>    BEAUMONT, Texas, March 6 - </DATELINE><BODY>Gulf States Utilities Co said
+auditor Coopers and Lybrand has issued a qualified opinion on
+1986 financial statements.
+    Gulf States said the audit opinion satated that without
+sufficient rate increases or funds from other sources, Gulf
+states may be unable to maintain its financial viability,
+which is necessary to permit the realization of its assets and
+the liquidation of its liabilities in the ordinary course of
+business.
+    IT said it received a similar qualified opinion in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19095" NEWID="2678">
+<DATE> 6-MAR-1987 11:40:40.02</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0593&#31;reute
+f f BC-******FED-SETS-ONE-BI   03-06 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS ONE BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19096" NEWID="2679">
+<DATE> 6-MAR-1987 11:40:56.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0595&#31;reute
+r f BC-GENENTECH-&lt;GENE>-FILE   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENENTECH &lt;GENE> FILES SUIT AGAINST FDA</TITLE>
+<DATELINE>    SOUTH SAN FRANCISCO, March 6 - </DATELINE><BODY>Genentech Inc said it filed
+a suit against the Food and Drug Administration in the U.S.
+District Court for the District of Columbia over an unresolved
+issue relating to genetically engineered human growth hormone.
+    At issue, said Genentech, is whether Eli Lilly and Co's
+&lt;ELI> recombinant human growth hormone and its new recombinant
+growth hormone, are the same drug. Both drugs are under review
+by the FDA.
+    Since 1985, Genentech has been marketing Protropin, a
+recombinant human growth hormone for treating abnormally short
+children.
+    The biotechnology concern said it has the right to seven
+years of exclusive marketing for Protropin, granted orphan drug
+status by the FDA. Orphan drugs are a special category of drugs
+that are used to treat rare diseases.
+    Genentech said the suit seeks clarification of what
+constitutes a drug under the standards of the orphan Drug Act.
+It suggested that without the "clarification," companies that
+develop orphan drugs may not recover development costs during
+the period of marketing exclusivity.
+    It said Lilly's growth hormone and its new growth hormone
+differ slightly, and are produced by different processes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19097" NEWID="2680">
+<DATE> 6-MAR-1987 11:41:15.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0596&#31;reute
+r f BC-FRANCE-SETS-PRICE-FOR   03-06 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE SETS PRICE FOR RHONE-POULENC ISSUE</TITLE>
+<DATELINE>    PARIS, March 6 - </DATELINE><BODY>The Finance Ministry said it set a price
+of 335 francs per investment certificate for a public offering
+of the state's rights to a 2.5 billion franc one-for-five
+rights issue of certificates by Rhone-Poulenc &lt;RHON.PA> opening
+Monday.
+    The price was based on a 12 billion franc minimum value set
+on Rhone-Poulenc by the independent Privatisation Committee
+established by the government to oversee its five-year
+privatisation programme, the Ministry said.
+    A Ministry statement said eight mln privileged investment
+certificates, a form of non-voting preference share, would be
+issued, equivalent to one certificate for every five existing
+shares.
+    It said 10 pct of the certificates would be reserved for
+Rhone-Poulenc employees at a preferential price, and 1.5 mln
+certificates would be placed on the U.S. Market by a public
+offering.
+    About four mln certificates, the remainder of the state's
+rights entitlement to the issue, would be offered on the Paris
+Bourse on the basis of 20 francs per lot of five rights and 315
+francs per new certificate, making a total 335 francs, it said.
+    Rhone-Poulenc is 88.39 pct state-owned.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19098" NEWID="2681">
+<DATE> 6-MAR-1987 11:42:15.64</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0601&#31;reute
+u f BC-MIDMISSISSIPPI-RIVER   03-06 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDMISSISSIPPI RIVER OPENS TODAY FOR SEASON</TITLE>
+<DATELINE>    CHICAGO, March 6 - </DATELINE><BODY>The Mississippi River is now open for
+barge traffic up to the Twin Cities in Minnesota after repairs
+were completed and the first barges moved upstream through Lock
+and Dam 20 near Quincy, Ill at 0600 CST today, an Army Corps of
+Engineers spokesman said.
+    About 14 to 15 inches of ice were reported between locks
+three and four on the upper Mississippi River, but other
+sections were generally free of ice, the spokesman said.
+    Midwestern weather has been so mild that barges probably
+could have kept loading at Mid-Mississippi River terminals
+through the winter, if Lock and Dam 20 had not been scheduled
+for repairs, he said.
+    The Peoria and La Grange locks on the Illinois River are
+still scheduled to close July 13, for two months of repairs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19099" NEWID="2682">
+<DATE> 6-MAR-1987 11:42:47.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0603&#31;reute
+r f BC-FIELDCREST-CANNON-&lt;FL   03-06 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIELDCREST CANNON &lt;FLD> TO SELL CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Fieldcrest Cannon Inc said it filed
+with the Securities and Exchange Commission a registration
+statement covering a 100 mln dlr issue of convertible
+subordinated debentures.
+    Proceeds will be used to reduce outstanding bank debt under
+the company's revolving credit agreement, Fieldcrest Cannon
+said.
+    The company named Kidder, Peabody and Co Inc as lead
+underwriter of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19100" NEWID="2683">
+<DATE> 6-MAR-1987 11:43:53.95</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0607&#31;reute
+b f BC-/-FED-SETS-ONE-BILLIO   03-06 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED SETS ONE BILLION DLR CUSTOMER REPO</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>The Federal Reserve entered the
+government securities market to arrange one billion dlrs of
+customer repurchase agreements, a spokesman for the New York
+Fed said.
+    Fed funds were trading at 5-15/16 pct at the time of the
+indirect injection of temporary reserves, dealers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19101" NEWID="2684">
+<DATE> 6-MAR-1987 11:44:09.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0609&#31;reute
+u f BC-RESIDENTIAL-MORTGAGE   03-06 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESIDENTIAL MORTGAGE &lt;RMI> SELLS CMOS</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Residential Mortgage Acceptance Inc, a
+unit of Residential Mortgage Investments Inc, is offering 100
+mln dlrs of collateralized mortgage obligations, said sole
+manager Merrill Lynch Capital Markets.
+    Average lives for two floating-rate classes are 2.36 and
+11.27 years for maturities of 2011 and 2016. Rates will be
+reset at three-month LIBOR plus 35 basis points for the shorter
+class and plus 60 basis points for the longer one.
+    An inverse floater tranche has an average life of 11.27
+years and matures 2016. Its rate will be reset by subtracting
+the product of 1.8 times LIBOR from 21.975.
+    The Residential CMO package also has three fixed-rate
+tranches, Merrill Lynch said.
+    Yields on these securities, to be fully paid by dates from
+2011 to 2017, range from 7.21 to 8.70 pct. Spreads over
+comparable Treasury securities run from 90 to 115 basis points.
+Average lives are 2.36 to 23.28 years.
+    The issue is rated a top-flight AAA by Standard and Poor's
+Corp.
+REUTER...^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19102" NEWID="2685">
+<DATE> 6-MAR-1987 11:45:42.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0620&#31;reute
+r f BC-DUFF/PHELPS-DOWNGRADE   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS DOWNGRADES USX CORP &lt;X> DEBT</TITLE>
+<DATELINE>    CHICAGO, March 6 - </DATELINE><BODY>Duff and Phelps said it has downgraded
+fixed income securities of USX Corp and its subsidiaries and at
+the same time took the issues off its watch list.
+    The change affects about 6.6 billion dlrs in debt
+securities.
+    USX senior debt was lowered to DP-11 (high BB) from DP-9
+middle BBB), Marathon oil senior debt to DP-11 from DP-9,
+United States Steel senior debt to DP-11 from DP-9 and
+subordinated debt to DP-13 (low BB) from DP-11, USX preferred
+stock to DP-14 (high B) from DP-12 (middle BB) and preference
+stock to DP-15 (middle B) from DP-13.
+    The downgrades reflect substantial business risk and
+increased financial risk, Duff and Phelps said.
+    The steel industry remains intensely competitive and major
+domestic integrated producers have lost share to imports and
+minimills, D and P said. In oil and gas, profitability and cash
+flows are larger, but there is still considerable volatility.
+As for financial risk, USX has arranged to borrow 1 billion
+dlrs through a production payment of its Marathon subsidiary.
+Consequently a selected group of creditors has prior claim to
+public debt holders for cash flows from this asset, D and P
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19103" NEWID="2686">
+<DATE> 6-MAR-1987 11:49:16.46</DATE>
+<TOPICS><D>money-supply</D><D>reserves</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0629&#31;reute
+u f BC-GERMAN-CASH-IN-CIRCUL   03-06 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN CASH IN CIRCULATION UP AT FEBRUARY'S CLOSE</TITLE>
+<DATELINE>    FRANKFURT, March 6 - </DATELINE><BODY>Cash in circulation in West Germany
+rose by 2.8 billion marks in the last week of February to 121.5
+billion, a gain of 8.3 pct over the same month last year, the
+Bundesbank said.
+    Cash in circulation is one of two components of the West
+German money supply which the German central bank is targeting
+to grow between three and six pct this year.
+    Gross currency reserves in the week rose by 200 mln marks
+to 109.5 billion. Foreign liabilities fell 100 mln to 22.9
+billion, giving a net currency reserves increase of 300 mln to
+86.6 billion.
+    Commercial bank minimum reserve holdings at the Bundesbank
+fell 300 mln marks to 51.9 billion marks at the end of
+February, averaging 51.2 billion over the month.
+    The rediscount debt of the banking system fell 800 mln
+marks to 55.2 billion marks, the Bundesbank said.
+    Banks made heavy use of the Lombard emergency funding
+facility to meet month-end payments and borrowed 3.1 billion
+marks, a rise of 2.9 billion over the week before.
+    The net position of public authorities at the Bundesbank
+declined 6.7 billion marks in the last week of February.
+    The federal government drew down 3.8 billion marks of its
+Bundesbank cash deposits, which had stood at 4.1 billion in the
+third week of February, and also borrowed a 1.8 billion in
+credit from the central bank.
+    Federal states' deposits fell 1.5 billion marks to 1.3
+billion and their cash credits dropped 400 mln to 300 mln.
+    The Bundesbank balance sheet total rose around 5.44 billion
+to 222.22 billion marks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19105" NEWID="2687">
+<DATE> 6-MAR-1987 11:52:09.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0637&#31;reute
+r f BC-SUN-ELECTRIC-CORP-&lt;SE   03-06 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN ELECTRIC CORP &lt;SE> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    CRYSTAL LAKE, ILL., March 6 - 
+    </DATELINE><BODY>Shr profit 15 cts vs loss six cts
+    Net profit 1,051,000 vs loss 381,000
+    Revs 50.8 mln vs 41.8 mln
+    Avg shrs 7,033,00 vs 6,557,000
+    NOTE: 1987 net includes tax credits equal to six cts vs one
+cent in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19106" NEWID="2688">
+<DATE> 6-MAR-1987 11:52:43.19</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0639&#31;reute
+b f BC-ECUADOR-SAYS-SUSPENDS   03-06 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR SAYS SUSPENDS OIL EXPORTS DUE EARTHQUAKE</TITLE>
+<DATELINE>    QUITO, March 6 - </DATELINE><BODY>Ecuador today suspended its crude oil
+exports indefinitely due to an earthquake last night that
+damaged pumping and crude transport installations, an Energy
+and Mines MInistry statement said.
+    It said the state oil firm Corporacion Estatal Petrolera
+Ecuatoriana (CEPE) notified foreign customers that it was
+declaring force majeure on its crude exports due to the tremor.
+    Ecuador"s OPEC oil output quota is 210,000 barrels per day
+(bpd).
+    A senior energy ministry official said that one pumping
+station at El Salado on Ecuador's main pipeline was damaged.
+    He also said an 180 metre section of the pipeline attached
+to the bridge over the Aguarico river collapsed.
+    The pumping station was about 20 km from the Reventador
+volcano, near the epicentre of the quake, which Ecuadorean
+seismologists said registered six on the 12-point international
+Mercalli scale. The Aguarico bridge was also close to the
+volcano, he said.
+    The quake struck northern Ecaudor and southern Colombia,
+according to Ecuadorean officials. No injuries were reported.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19107" NEWID="2689">
+<DATE> 6-MAR-1987 11:53:11.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0641&#31;reute
+u f BC-RJR-NABISCO&lt;RJR>TO-RE   03-06 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR NABISCO&lt;RJR>TO REDEEM 1.2 BILLION DLRS NOTES</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., March 6 - </DATELINE><BODY>RJR Nabisco Inc said it will
+redeem all 1.2 billion dlrs of its 11.20 pct notes due August
+1, 1997 on April Six, using the proceeds from the sale of its
+Heublein Inc subsidiary to Grand Metropolitan PLC.
+    The company said it completed the previously-announced sale
+of Heublein, for 1.2 billion dlrs in cash, today.
+    It said the redemption price will be 1,095.22 dlrs,
+including accrued interest, for each 1,000 dlrs of the notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19108" NEWID="2690">
+<DATE> 6-MAR-1987 11:53:19.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0642&#31;reute
+r f BC-PROPOSED-OFFERINGS-RE   03-06 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Evans and Sutherland Computer Corp (ESCC) - Offering of 50
+mln dlrs of 25-year convertible subordinated debentures through
+Hambrecht and Quist Inc.
+    Gould Inc (GLD) - Offering of two mln shares of convertible
+exchangeable preferred stock through First Boston Corp and
+Kidder, Peabody and Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19109" NEWID="2691">
+<DATE> 6-MAR-1987 11:55:02.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0646&#31;reute
+u f BC-LEASEWAY-TRANSPORTATI   03-06 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEASEWAY TRANSPORTATION CORP &lt;LTC> 4TH QTR LOSS</TITLE>
+<DATELINE>    CLEVELAND, March 6 -
+    </DATELINE><BODY>Oper shr loss 39 cts vs profit 62 cts
+    Oper net loss 4,628,000 vs profit 7,256,000
+    Revs 338.1 mln vs 327.9 mln
+    Year
+    Oper shr profit 1.12 dlrs vs profit 1.88 dlrs
+    Oper net profit 13.2 mln vs 22.2 mln
+    Revs 1.32 billion vs 1.29 billion
+    NOTE: Net excludes gains from discontinued leasing
+operations of 37.6 mln dlrs vs 40.3 mln dlrs in year and 32.6
+mln dlrs vs 34.3 mln dlrs in quarter.  Results restated for
+discontinued operations.
+    1986 net both periods includes charge 6,300,000 dlrs from
+elimination of investment tax credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19110" NEWID="2692">
+<DATE> 6-MAR-1987 11:56:10.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0650&#31;reute
+r f BC-UAL-(UAL)-HERTZ-UNIT   03-06 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL (UAL) HERTZ UNIT FILES 500 MLN DLR OFFERING</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Hertz Corp, a unit of UAL Inc, filed
+with the Securities and Exchange Commission for a shelf
+offering of up to 500 mln dlrs of senior debt securities on
+terms to be set at the time of sale.
+    Underwriters were not named in the draft prospectus.
+    Hertz said offering proceeds would be used for general
+corporate purposes and to reduce short-term borrowings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19111" NEWID="2693">
+<DATE> 6-MAR-1987 11:56:56.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0654&#31;reute
+u f BC-NCH-CORP-&lt;NCH>-3RD-QT   03-06 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NCH CORP &lt;NCH> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    IRVING, Texas, March 6 -
+    </DATELINE><BODY>Shr 51 cts vs 44 cts
+    Net 4,710,000 vs 4,086,000
+    Sales 109.2 mln vs 98.2 mln
+    Nine mths
+    Shr 1.62 dlrs vs 1.39 dlrs
+    Net 15.0 mln vs 13.6 mln
+    Sales 314.6 mln vs 279.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19112" NEWID="2694">
+<DATE> 6-MAR-1987 11:57:08.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0655&#31;reute
+r f BC-ALLIED-BANCSHARES-&lt;AL   03-06 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED BANCSHARES &lt;ALBN> DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded 50 mln dlrs of debt of Allied Bancshares Inc and the
+lead bank, Allied Bank of Texas.
+    Cut were the parent's senior debt to Ba-3 from Baa-2 and
+commercial paper to Not Prime from Prime-2. The lead bank's
+long-term deposits were reduced to Ba-1 from Baa-2 and
+short-term deposits were cut to Not Prime from Prime-2.
+    Moody's cited the effects of a weak operating environment
+on Allied's asset quality and profitability. The rating agency
+expects nonperforming loans to remain high by industry
+standards because of exposure to energy and real estate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19113" NEWID="2695">
+<DATE> 6-MAR-1987 11:58:09.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0660&#31;reute
+d f BC-NATIONWIDE-HAD-1986-P   03-06 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONWIDE HAD 1986 PROPERTY-CASUALTY LOSS</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 6 - </DATELINE><BODY>&lt;Nationwide Mutual Insurance Co>
+said its property-casualty companies had a net loss of 56 mln
+dlrs last year while its life insurance operations earned 66.8
+mln dlrs.
+    Nationwide said its property-casualty group, the
+fourth-largest U.S. property-casualty insurer had a 106 mln dlr
+loss in 1986. Nationwide Life Insurance Co earned 62.8 mln dlrs
+in 1985, with last year's profit including record capital gains
+of 14.4 mln dlrs, up from gains of 2.6 mln dlrs the previous
+year.
+    The company said its property-casualty group had a record
+loss from insurance operations last year of 859 mln dlrs after
+policyholders' dividends, up 25 pct from 1985's 710 mln dlrs.
+    Nationwide said a surge in claims from personal auto
+insurance and the volatile commercial liability coverages
+during a period of unprecedented sales growth generated the
+loss.
+    The company said over 576 mln dlrs of last year's group
+losses came from commercial insurance lines and 282 mln dlrs
+from its personal auto insurance business.
+    Partially offsetting 1986's record insurance losses,
+Nationwide said, were record investment gains of 775 mln dlrs
+and a 28 mln dlr federal tax credit. The investment gains were
+up 39 pct from 1985's gains of 559 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19114" NEWID="2696">
+<DATE> 6-MAR-1987 11:58:16.69</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0661&#31;reute
+b f BC-SUN-&lt;SUN>-RAISES-HEAT   03-06 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN &lt;SUN> RAISES HEATING OIL BARGE PRICE</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Sun Co's Sun Refining and Marketing
+subsidiary said it increased the price it charges contract
+barge customers for heating oil in New York harbor 0.50 cent a
+gallon, effective today.
+    They said the 0.50 cent increase brings Sun's contract
+barge price to 49 cts. The recent price hike represents the
+fifth this week, totalling 4.75 cts. The increases are
+following sharp spot and futures price rises, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19115" NEWID="2697">
+<DATE> 6-MAR-1987 11:58:35.44</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0664&#31;reute
+r f BC-FRENCH-PRIMARY-BOND-M   03-06 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH PRIMARY BOND MARKET SHOWS NEW SPARKLE</TITLE>
+<AUTHOR>    By Pierre Suchet, Reuters</AUTHOR>
+<DATELINE>    PARIS, March 6 - </DATELINE><BODY>The French primary bond market is showing
+signs of renewed effervescence after several weeks of lethargy
+and the trend is expected to continue if hopes of imminent
+interest rate cuts are fulfilled, market operators said.
+    The Bank of France is generally expected to give a signal
+to the market, possibly at the beginning of next week, by
+announcing a quarter point cut in its intervention rate, which
+has stood at eight pct since January 2, or in its seven-day
+repurchase rate, set at 8-3/4 pct since January 5.
+    The central bank's averaged-out day to day call money rate,
+the reference rate for interbank money market operators, which
+reached 8-3/4 pct on February 18 has fallen to 7-3/4 pct this
+week, dealers noted.
+    The Bank of France's "open market" policy to regulate the
+money markets since December has been based on a floor and
+ceiling of rates within the limits of its intervention and
+seven day repurchase rates.
+    For the moment the sentiment is of "wait and see" on rate
+cuts, but there are now more optimists than pessimists among
+market operators, a dealer for a major French bank said.
+    Dealers said there is abundant liquidity on the bond
+market, noting that this week's monthly Treasury tap issue of
+11.87 billion francs had a good reception and was fairly easily
+absorbed.
+    The Treasury had set an upper limit on the issue of 12
+billion francs and was likely to continue to try and sell as
+much paper as it could over coming months to meet its borrowing
+needs for this year of around 150 billion, one banker said.
+    Dealers said there was no difficulty in placing liquidity
+in the primary market at the moment despite competition from
+the surge in investments on the Paris stock exchange.
+    There has been a flood of large bond issues, but with
+formulas well adapted to market conditions and investor demand
+- with warrants or a mix of fixed and floating-rates - which
+have been snapped up, and with generally broadly negative fees.
+    Dealers pointed to the recent Caisse d'Aide a l'Equipement
+des Collectivites Locales (CAECL) 8.90 pct two billion franc
+bond with warrants exchangeable for floating-rate bonds issued
+over 13 years and 80 days at 97.04 pct with payment date March
+9, which was today quoted at -0.90 to -1.10 pct.
+    Even classic fixed-rate issues, after being neglected since
+the end of last year, are finding buyers, one banker said.
+    Dealers said that now the question was to see how the terms
+of imminent operations would be set, with great market interest
+focussed on the likely three next issues.
+    These will include an expected four to five billion franc
+issue for Electricite de France, to be followed by a bond of
+around one billion francs for Auxiliaire du Credit Foncier, a
+subsidiary of the banking group Credit Foncier de France, and a
+new issue by tender from the mortgage agency Caisse de
+Refinancement Hypothecaire.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19116" NEWID="2698">
+<DATE> 6-MAR-1987 12:00:34.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0672&#31;reute
+f f BC-******U.S.-TREASURY-S   03-06 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY SELLING 9.5 BILLION DLRS OF ONE-YEAR BILLS MARCH 12 TO RAISE 275 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19117" NEWID="2699">
+<DATE> 6-MAR-1987 12:01:19.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0675&#31;reute
+d f BC-FIRST-WOMEN'S-BANK-IN   03-06 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST WOMEN'S BANK INVESTOR GROUP OFFER EXPIRES</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>The investor group owning about 42 pct
+of the outstanding capital stock of &lt;The First Women's Bank>
+said a cash tender offer for the bank's remaining outstanding
+shares at 11 dlrs per share expired on March three.
+    The investors said about 132,000 shares, or about 20 pct of
+the outstanding, had been tendered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19118" NEWID="2700">
+<DATE> 6-MAR-1987 12:03:25.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0690&#31;reute
+d f BC-COMPUTER-MEMORIES-INC   03-06 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER MEMORIES INC &lt;CMIN> 3RD QTR LOSS</TITLE>
+<DATELINE>    CHATSWORTH, Calif., March 6 - </DATELINE><BODY>Period ended December 31.
+    Shr loss nine cts vs loss 1.92 dlrs
+    Net loss 950,000 vs loss 21,334,000
+    Revs 580,000 vs 22.2 mln
+    Nine Mths
+    Shr loss six cts vs loss 1.23 dlrs
+    Net loss 694,000 vs loss 13,710,000
+    Revs 5,129,000 vs 111.9 mln
+    Note: Current qtr includes tax loss of 118,000 vs loss of
+476,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19119" NEWID="2701">
+<DATE> 6-MAR-1987 12:04:14.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0694&#31;reute
+u f BC-BAKER-EXPRESSES-DOUBT   03-06 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER EXPRESSES DOUBTS ABOUT U.S. STOCK TAX</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Treasury Secretary James Baker
+expressed doubts about a proposal to tax securities
+transactions as a solution to the budget deficit and said it
+could hurt financial markets.
+    "If you start taxing markets, it could impair their
+efficiency," Baker said after a speech to the National Newspaper
+Association.
+    "The problem is not that Americans are undertaxed. We as a
+government are overspending," he told reporters.
+    House Speaker Jim Wright (D-Tex) has proposed a transfer
+tax to be paid by buyers and sellers of stocks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19120" NEWID="2702">
+<DATE> 6-MAR-1987 12:06:47.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0712&#31;reute
+r f BC-REUTERS-&lt;RTRSY>-IN-PR   03-06 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS &lt;RTRSY> IN PROPERTY FINANCE SYSTEM</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Reuters Holdings PLC's Reuters
+Information Services Inc subsidiary and Real Estate Financing
+Partnership of Philadelphia said they have developed RSVP, an
+electronic market access system for commercial property
+financing.
+    The companies said the system, on completion of testing,
+will use the Reuter communications network to provide a
+confidential method for the purchasing, selling and financing
+of commercial property. They said principal participants in
+RSVP are expected to be private and institutional commercial
+real estate owners, brokers, purchasers and investors.
+    The companies said the system, which will operate in
+domestic and international markets, is expected to be
+particularly useful to mortgage brokers and loan
+correspondents.
+    They said Reuters will provide systems software, hardware
+and telecommunications capabilities and support under a
+long-term working agreement with Real Estate Financing
+Partnership and will also provide sales assistance and
+marketing support to Real Estate Financing.
+    Real Estate Financing designed RSVP.
+    The companies said RSVP will use Reuter Monitor technology
+and the Reuter private communications network to provide a
+global financing capability for commercial real estate
+ventures. It will enable parties seeking real estate financing
+to identify funding sources on a private basis.
+    They said the system is scheduled for testing in August in
+selected U.S. cities and is expected to be operational about 90
+days after initial testing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19121" NEWID="2703">
+<DATE> 6-MAR-1987 12:08:20.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0718&#31;reute
+f f BC-******SALLIE-MAE-SAYS   03-06 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SALLIE MAE SAYS IT WILL PRICE 300 MLN DLR FLOATING RATE NOTE OFFER MONDAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19122" NEWID="2704">
+<DATE> 6-MAR-1987 12:09:26.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0725&#31;reute
+u f BC-REFINANCING-SAID-CLOS   03-06 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REFINANCING SAID CLOSE FOR VENEZUELAN BANK</TITLE>
+<DATELINE>    Caracas, March 6 - </DATELINE><BODY>The Venezuelan government is close to
+agreement with foreign banks to refinance 300 mln dlrs in
+foreign debt owed by the Banco de los Trabajadores de Venezuela
+(BTV), finance minister Manuel Azpurua said.
+    He told reporters, Bankers Trust, which heads the BTV's
+bank committee, is consulting other creditors on an eight year
+refinancing plan with a margin of 3/8 pct over libor.
+    He added there is a relending option for which the state
+owned Banco Industrial de Venezuela will act as agent. BTV, 49
+pct owned by the government and 51 pct by unions, was taken
+over by trustees in November 1982 with severe liquidity
+problems.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19123" NEWID="2705">
+<DATE> 6-MAR-1987 12:10:49.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0735&#31;reute
+u f BC-/U.S.-SETS-9.5-BILLIO   03-06 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SETS 9.5 BILLION DLR YEAR-BILL AUCTION</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The U.S. Treasury said it will sell
+9.5 billion dlrs of one-year bills at auction.
+    The March 12 sale will raise 275 mln dlrs of new cash by
+refunding about 9.23 billion dlrs of maturing bills.
+    The bills will be issued March 19 in minimum amounts of
+10,000 dlrs and mature March 17, 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19124" NEWID="2706">
+<DATE> 6-MAR-1987 12:12:41.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0748&#31;reute
+r f BC-NEW-JERSEY-RESOURCES   03-06 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW JERSEY RESOURCES &lt;NJR> TO OFFER SHARES</TITLE>
+<DATELINE>    WALL, N.J., March 6 - </DATELINE><BODY>New Jersey Resources corp said it has
+filed for an offering of 1,300,000 common shares through
+underwriters led by Merrill Lynch and Co Inc &lt;MER> and E.F.
+Hutton Group Inc &lt;EFH>.
+    It said the offering is expected to be completed in late
+March or early April and proceeds will be used to reduce
+short-term debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19125" NEWID="2707">
+<DATE> 6-MAR-1987 12:13:10.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>denmark</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0751&#31;reute
+b f BC-DEN-DANSKE-LAUNCHES-2   03-06 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEN DANSKE LAUNCHES 200 MLN DLR EURO-CD PROGRAMME</TITLE>
+<DATELINE>    FRANKFURT, March 6 - </DATELINE><BODY>Den Danske Bank of Denmark is raising
+200 mln dlrs through a programme of short and medium term
+euro-certificates of deposit, arranger London-based Salomon
+Brothers International Ltd said in a statement received here.
+    Signing takes place today and the first issuance, of
+maturities from seven days to five years, should take place
+later this month. Denominations would be 500,000 and one mln
+dlrs, and similar amounts in sterling and other currencies.
+    Aside from the London branch of Den Danske and the
+arranger, other dealers in the programme would be the Swiss
+Bank Corp International and S.G. Warburg and Co Ltd.
+    Salomon said the principal paying agent for the CDs would
+be Bankers Trust Co.
+    Den Danske's U.S. Domestic commercial paper program is
+rated A1 by Standard and Poor's, and P-1 by Moody's rating
+agency, Salomon said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19126" NEWID="2708">
+<DATE> 6-MAR-1987 12:14:06.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0759&#31;reute
+r f BC-TRENWICK-GROUP-INC-&lt;T   03-06 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRENWICK GROUP INC &lt;TREN> 4TH QTR NET</TITLE>
+<DATELINE>    WESTPORT, Conn., March 6 -
+    </DATELINE><BODY>Oper shr profit 18 cts vs loss four cts
+    Oper net profit 1,847,000 vs loss 282,000
+    Revs 25.9 mln dlrs vs 8,626,000 drs
+    12 mths
+    Oper shr profit 39 cts vs loss 24 cts
+    Oper net profit 3,262,000 vs loss 1,555,000
+    revs 67.5 mln vs 27.9 mln dlrs.
+    NOTE: 1986 qtr and year excludes investment gains of
+1,541,000 and 1,865,000, respectively, and 1985 qtr and year
+includes investment gains of 301,000 dlrs and 1,424,000.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19127" NEWID="2709">
+<DATE> 6-MAR-1987 12:14:58.48</DATE>
+<TOPICS><D>interest</D><D>gnp</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0764&#31;reute
+u f BC-IMF-URGES-BELGIUM-TO   03-06 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF URGES BELGIUM TO MAKE FURTHER SPENDING CUTS</TITLE>
+<DATELINE>    BRUSSELS, March 6 - </DATELINE><BODY>The Belgian government, which
+introduced large-scale public spending reductions last year,
+has been told by an International Monetary Fund team there is
+scope for further cuts in 1988.
+    The suggestion is contained in the preliminary conclusions
+of the annual IMF consultations with Belgium on its economic
+policy, a copy of which was distributed to journalists at the
+weekly press conference following meetings of the cabinet.
+    The IMF team also urges Belgium to adopt a firm interest
+rate policy, with a particular emphasis on long-term rates.
+    The team's report to the government praises last year's
+spending cuts, which are due to reduce 1987 government spending
+by 195 billion francs, and says 1986 saw the Belgian economy
+perform "better, on a broader basis, than at any time so far in
+the 1980s."
+    However, it adds that with lower inflation, stabilisation
+of the debt to gross national product ratio requires a much
+lower budget deficit than the seven pct of GNP target the
+government has set itself for 1989.
+    The government's net financing requirement was 11.0 pct of
+GNP in 1986.
+    The report says "The most that can be afforded over the next
+few years is a zero growth of real non-interest expenditure of
+general Government."
+    It says there is a need for a revision of the Belgian tax
+system to iron out distortions and meet hopes of a reduced tax
+burden but substantial progress is needed in stabilising the
+debt to GNP ratio before this is possible.
+    "Because of the difficulty of sustaining zero expenditure
+growth and of likely growing impatience (for) tax reductions,
+we feel that your position would be stronger if you could
+decide on rather sharp expenditure reductions in 1988," the
+report adds.
+    The IMF urges a strong interest rate policy to signal the
+government's determination to keep its currency strong and to
+curb inflation.
+    It says firmer long-term rates would slow private net
+long-term capital outflows, which increased strongly in 1986.
+    It also urges net repayments of foreign currency debt and
+an overhaul of domestic capital markets to facilitate the
+subscriptions by non-residents of government bond issues in
+Belgian francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19128" NEWID="2710">
+<DATE> 6-MAR-1987 12:15:06.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0765&#31;reute
+u f BC-NEW-JERSEY-APPROVES-G   03-06 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW JERSEY APPROVES GPU &lt;GPU> UNIT'S RATE CUT</TITLE>
+<DATELINE>    PARSIPPANY, N.J., March 6 - </DATELINE><BODY>General Public Utilities Corp
+said the New Jersey Board of Public Utilities has approved a 72
+mln dlrs annual reduction in energy-adjustment charges for the
+company's Jersey Central Power and Light Co subsidiary.
+    The change in the utility's Levelized Energy Adjustment
+Charge represents a five pct decrease in overall electricity
+rates.
+    On January 28, Jersey Central filed for a 32 mln dlr a year
+decrease in the charge, asking to retain the difference to
+prevent an increase in these charges next year, a company
+spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19129" NEWID="2711">
+<DATE> 6-MAR-1987 12:15:14.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0766&#31;reute
+d f BC-BUSH-&lt;BSH>-REVISES-4T   03-06 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUSH &lt;BSH> REVISES 4TH QTR, YEAR RESULTS UP</TITLE>
+<DATELINE>    JAMESTOWN, N.Y., March 6 - </DATELINE><BODY>Bush Industries Inc said that
+after an audit it has revised upwards its 1986 fourth quarter
+and year end results. On February 12 it reported unaudited
+results.
+    Under the audited amounts, 1986 fourth quarter income was
+1,098,978 mln dlrs, or 55 cts a share. The unaudited income for
+the period was 1,014,000, or 51 cts per share.
+    For the year, the audited amounts showed earnings of
+2,505,978, or 1.25 dlrs per share. The prior results reported
+income of 2,421,000, or 1.21 dlrs per share. Sales figures for
+both periods did not differ significantly from prior amounts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19130" NEWID="2712">
+<DATE> 6-MAR-1987 12:16:16.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0770&#31;reute
+u f BC-MCORP-&lt;M>-AND-UNITS'   03-06 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCORP &lt;M> AND UNITS' DEBT DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Moody's Investors Service Inc said it
+lowered the ratings on about 489 mln dlrs of debt of MCorp and
+its subsidiaries.
+    Moody's said the change reflects the effect that the
+company's difficult operating environment will have on its
+asset quality, core earnings and equity base. It said the
+firm's asset quality problems are considerable and centered in
+its loans to energy and real estate sectors.
+    Ratings lowered include MCorp's senior debt to BA-3 from
+BAA-2, subordinated debt to B-1 from BAA-3 and preferred stock
+to B-2 from BA-1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19131" NEWID="2713">
+<DATE> 6-MAR-1987 12:16:52.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0773&#31;reute
+d f BC-MEDI-RX-UNIT-IN-PROPO   03-06 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDI-RX UNIT IN PROPOSED INITIAL OFFERING</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 6 - </DATELINE><BODY>Medi-Rx America Inc said its Rx
+Plus Inc subsidiary received a letter of intent for a proposed
+initial public offering of four mln dlrs to six mln dlrs.
+    It also said the subisidary, formed to franchise retail
+drug stores, recently placed a 1.2 mln dlrs equity offering
+with private investors and secured a one mln dlrs line of
+credit for assisting applications for a Rx Plus franchise.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19132" NEWID="2714">
+<DATE> 6-MAR-1987 12:17:57.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0780&#31;reute
+d f BC-FURNITURE-(UFURF)-UPS   03-06 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FURNITURE (UFURF) UPS BENCH CRAFT (SOFA) STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Universal Furniture Ltd said in a
+filing with the Securities and Exchange Commission that it had
+increased its stake in Bench Craft Inc common stock to
+2,548,975 shares or 45.3 pct of the total outstanding.
+    Universal said its Universal Furniture Industries N.V. unit
+bought 235,750 Bench Craft shares March 4 in the
+over-the-counter market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19133" NEWID="2715">
+<DATE> 6-MAR-1987 12:18:29.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0782&#31;reute
+b f BC-AMERICAN-AIRLINES-&lt;AM   03-06 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN AIRLINES &lt;AMR> LOAD FACTOR DECLINES</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 6 - </DATELINE><BODY>American Airlines Inc, owned
+by AMR Corp, said its load factor for February dropped to 60.2
+pct from 64.0 pct a year ago.
+    It said revenue passenger miles for the month increased 5.9
+pct to 3.66 billion from 3.45 billion a year ago. Available
+seat miles rose 12.7 pct ot 6.08 billion from 5.40 billion and
+passenger boardings rose 8.6 pct to 3.5 mln from 3.2 mln a year
+earlier.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19134" NEWID="2716">
+<DATE> 6-MAR-1987 12:21:23.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0790&#31;reute
+u f BC-VALERO-ENERGY-KNOWS-O   03-06 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALERO ENERGY KNOWS OF NO REASON FOR STOCK GAIN</TITLE>
+<DATELINE>    SAN ANTONIO, TEX., MARCH 6 - </DATELINE><BODY>Valero Energy Corp &lt;VLO> said
+it knows of no reason for its stock activity today.
+    The stock rose 1-5/8 to 10-7/8, a gain of about 17.5 pct.
+    A spokesman for Valero, Steve Fry, said the company knows
+of no reason for the increased volume and sharp gain in the
+stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19135" NEWID="2717">
+<DATE> 6-MAR-1987 12:23:47.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f0806&#31;reute
+r f BC-MOODY'S-MAY-DOWNGRADE   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE SERVICE MERCHANDISE &lt;SMCH></TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade Service Merchandise Co's 300 mln dlrs of Ba-2
+senior subordinated notes.
+    The rating agency said it had anticipated that Service
+Merchandise would be able to achieve better operating results
+than it actually did in fiscal 1986.
+    Moody's said it would assess future prospects for the
+company, as well as for the whole catalogue showroom industry.
+The agency will also examine the effects of recent acquisitions
+on Service Merchandise's operating results, financial structure
+and cash flow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19136" NEWID="2718">
+<DATE> 6-MAR-1987 12:24:52.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0810&#31;reute
+r f BC-CLEVITE-INDUSTRIES-IN   03-06 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLEVITE INDUSTRIES INC &lt;CLEV> 4TH QTR OPER LOSS</TITLE>
+<DATELINE>    GLENVIEW, Ill., March 6 -
+    </DATELINE><BODY>Oper net loss 411,000 vs profit 875,000
+    Sales 69.7 mln vs 70.5 mln
+    Year
+    Oper net profit 6,258,000 vs profit 4,785,000
+    Sales 299.5 mln vs 297.2 mln
+    Note: Company made initial public offering in June, 1986.
+Assuming the offering had occurred on Jan. 1, 1986, operating
+net income per share would have been 85 cts a share for 1986.
+    1986 oper net excludes one-time charge of 16.8 mln dlrs, or
+2.46 dlrs a share, in qtr and year due to the February 1987
+sale of the company's engine parts division. Oper net for 1986
+year also includes profit from discontinued operations of
+360,000 dlrs, or five cts a share.
+    Oper net for 1986 excludes extraordinary loss of 1.1 mln
+dlrs, or 17 cts a share, due to the June 1986 write-off of
+unamortized debt issue costs from the public offering. 1985
+oper net excludes extraordinary profit of 1.1 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19137" NEWID="2719">
+<DATE> 6-MAR-1987 12:25:56.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0814&#31;reute
+r f BC-BID-TO-DISMISS-JUDGE   03-06 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BID TO DISMISS JUDGE IN COPYRIGHT CASE DENIED</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., March 6 - </DATELINE><BODY>NEC Electronics Inc, a
+unit of NEC Corp &lt;NIPNY> said a U.S. District Court judge
+denied NEC's motion to disqualify Judge William Ingram from
+presiding over its lawsuit against Intel Corp &lt;INTC>.
+    NEC said it sought to disqualify the judge when it learned
+in October 1986 that Ingram had an ownership interest in an
+investment club that owned Intel stock.
+    Ingram reported that his interest in Intel through the club
+amounted to about 80 dlrs worth of Intel's stock and the judge
+ended his participation in the investment club after NEC moved
+to have him disqualified, an NEC spokeswoman said.
+    NEC said it intends to appeal the ruling.
+    NEC sued Intel in December 1984 seeking a judgement
+declaring that microcode, or the control function, in certain
+NEC microprocessor products does not infringe on any valid
+Intel copyrights.
+    Intel subsequently filed a suit charging NEC with
+infringing on Intel semiconductor copyrights.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19138" NEWID="2720">
+<DATE> 6-MAR-1987 12:26:55.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0818&#31;reute
+u f BC-CMS-ADVERTISING-SETS   03-06 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CMS ADVERTISING SETS 3-FOR-2 STOCK SPLIT</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 6 - </DATELINE><BODY>&lt;CMS Advertising Inc> said its
+board has approved a three-for-two stock split in the form of a
+dividend payable March 30 to holders of record March 16.
+    The company said a similar split was paid December eight,
+leaving it with 2,344,200 shares outstanding.
+    CMS Advertising said the next split will result in a
+proportionate reduction in the exercise price of its stock
+purchase warrants to 1.67 dlrs a share from 2.50 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19139" NEWID="2721">
+<DATE> 6-MAR-1987 12:28:27.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0827&#31;reute
+u f BC-AMAX-&lt;AMX>-ACCEPTS-OF   03-06 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMAX &lt;AMX> ACCEPTS OFFER FOR AUSTRALIAN INTEREST</TITLE>
+<DATELINE>    GREENWICH, Conn., March 6 - </DATELINE><BODY>AMAX Inc said it has accepted
+offers to buy its share and option interests in &lt;Australian
+Consolidated Minerals Ltd>.
+    AMAX said the sale is part of its ongoing program to
+increase shareholder value.
+    The company did not identify who made the offer, but said
+the interests involved include 35.2 mln Australian Consolidated
+shares to be sold for 6.32 Australian dlrs per share and 5.4
+mln options to be sold for 4.82 Australian dlrs per option.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19140" NEWID="2722">
+<DATE> 6-MAR-1987 12:28:33.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0828&#31;reute
+r f BC-CIE-FINANCIERE-DE-PAR   03-06 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIE FINANCIERE DE PARIBAS &lt;PARI.PA> 1986 YEAR</TITLE>
+<DATELINE>    PARIS, March 6 -
+    </DATELINE><BODY>Parent company net profit 385 mln francs vs 226.9 mln
+    Dividend five francs vs no comparison
+    Note - The financial and banking group was privatised by
+the government in January this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19141" NEWID="2723">
+<DATE> 6-MAR-1987 12:28:37.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0829&#31;reute
+d f BC-CORRECTION---HEINEKEN   03-06 0037</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - HEINEKEN 1986 YEAR
+    In item headlined "HEINEKEN N.V. &lt;HEIN.AS> 1986 YEAR" please
+read in first line pre-tax profit 513.2 mln guilders vs 454.5
+mln.
+    Corrects year ago comparison to 454.5 mln from 545.5 mln.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19142" NEWID="2724">
+<DATE> 6-MAR-1987 12:32:45.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0848&#31;reute
+u f BC-FOOD-LION-&lt;FDLNB>-FEB   03-06 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOD LION &lt;FDLNB> FEBRUARY SALES UP 26 PCT</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Food Lion Inc said its sales totaled
+207.5 mln dlrs last month, up 26.0 pct from the 164.7 mln dlrs
+reported for February 1986.
+    The company said sales for the first eight weeks of the
+year were up 26.1 pct to 411.1 mln dlrs from 326.0 mln dlrs.
+The company operates 396 supermarkets in six southeastern
+states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19143" NEWID="2725">
+<DATE> 6-MAR-1987 12:33:04.76</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0849&#31;reute
+u f BC-BANK-OF-ENGLAND-PRESS   03-06 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND PRESSURE HOLDS BASE RATES</TITLE>
+<AUTHOR>    By Rowena Whelan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 6 - </DATELINE><BODY>This week's Bank of England resistance to
+strong market pressure for lower interest rates succeeded in
+holding bank base rates at 11 pct.
+    But at a cost of threatening the Chancellor of the
+Exchequer Nigel Lawson's policy, stated at the end of the Paris
+Group of Six meeting last month, that he wanted to see sterling
+broadly stable about then prevailing levels, market sources
+said.
+    Since then, the pound has risen to 71.8 pct on its closing
+trade-weighted index, up from 69.7 pct imediately after the
+Paris meeting and up 0.4 on the day.
+    Today's peak at 72.0 pct was its highest since August 19.
+    A Treasury spokesman said Lawson had said he neither wanted
+a substantial rise or fall in sterling. The question is
+therefore how large a rise he is ready to see before acting.
+    Paul Temperton, chief economist at Merrill Lynch Europe
+Ltd, estimated that the government wanted to see the
+trade-weighted index about 72-73 pct. "Even after this action
+over the last few weeks, sterling's only just within striking
+distance of that range," he said.
+    Other analysts agree that the government probably has some
+broad target range around this area.
+    However, they said Lawson would be prepared to see the
+pound go higher at least in the short term, despite the risk of
+a loss of export competitiveness and cheaper prices on imports.
+    "If the Bank of England keeps the interest rates as they
+are, what's to stop it (going higher)," said John Cox, executive
+director of EBC Amro Bank Ltd, a major operator on the London
+foreign exchange market.
+    Cox estimates that the Bank of England has been active
+selling sterling over the past few days, despite the lack of
+general market talk of such intervention, and this has helped
+keep it below 1.60 dlrs.
+    The pound rose to 1.5870 dlrs from 1.5764 yesterday and
+1.5400 February 23, the day after the Paris meeting.
+    But Cox says the government must be worried with sterling
+heading toward 2.95 marks and would be very concerned if it
+holds around these levels.
+    He warned the Bank may run the risk of missing the interest
+rate boat. "If rates don't come down, the market will say they
+ought to have come down and will sell sterling," he said.
+    Most dealers agree there is a good deal of "hot money" being
+invested in sterling, money simply attracted by high overnight
+or one-week rates, which could flow out at equally short
+notice.
+    However, the authorities will hope that at least a
+proportion of the buying reflects long-term investment.
+    "The last thing they want to do is reduce them (rates) and
+have to jack them back up again," said Richard Jeffrey,
+economist at brokerage house Hoare Govett Ltd.
+    He said a half point cut would ensure continued support for
+sterling, at least in the near term.
+    However, most analysts are still looking for a full point
+about March 17, Budget Day.
+    The Bank must hold out until it sees the reaction to the
+Budget, said Temperton.
+    The Budget is widely forecast to be a vote winner in the
+run-up to a general election, the major factor behind current
+bullishness in the government bond and currency markets.
+    "Lawson wants to delay a cut in base rates until the budget.
+He wants it to be crowned with the glory of an interest rate
+cut," said Ian Harwood, economist at Warburg Securities, the
+equities arm of Mercury International Group.
+    Speculation a clearing bank might break ranks and lead the
+way lower were confounded today. There was excitement a fall in
+the weekly Treasury Bill rate to 9.7 pct from 10.2 pct last
+Friday might mean the Bank had changed its mind.
+    This followed the imposition of penal lending rates of 11
+3/4 pct on the discount houses yesterday, and was the lowest
+since base rates were at 10 pct, early last October.
+    However, with this Bill rate pertaining to three-months
+money, banking sources said the market could not take the cut
+as a guide to the Bank's intentions on short term rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19144" NEWID="2726">
+<DATE> 6-MAR-1987 12:34:04.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0857&#31;reute
+f f BC-******SHULTZ-AND-SHEV   03-06 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SHULTZ AND SHEVARNADZE TO MEET IN MOSCOW IN MID-APRIL, U.S. SOURCES SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19145" NEWID="2727">
+<DATE> 6-MAR-1987 12:34:22.42</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0859&#31;reute
+u f BC-/LYNG-DISAPPOINTED-BY   03-06 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG DISAPPOINTED BY CANADA CORN INJURY DECISION</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said he is "very disappointed" by a Canadian government
+finding that U.S. corn has injured Ontario Corn growers.
+    "This action is not helpful in the context of the ongoing
+U.S.-Canada free trade talks or in the new round of
+multilateral trade negotiations," Lyng said in a statement.
+    The Canadian government today said Ottawa would continue to
+apply a duty of 84.9 cents per bushel on U.S. corn imports.
+    Lyng said the U.S. made a case that U.S. corn imports are
+not the cause of any problem of Canadian corn producers, adding
+that U.S. corn exports to Canada are declining.
+    "Apparently they (Canada) have ignored the fact that
+Canadian corn and other coarse grain production is rising
+faster than consumption," Lyng said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19146" NEWID="2728">
+<DATE> 6-MAR-1987 12:34:34.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0861&#31;reute
+u f BC-BANCROFT-&lt;BCV>-SHAREH   03-06 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCROFT &lt;BCV> SHAREHOLDERS REBUKE ZICO OFFER</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Bancroft Convertible Fund Inc, the
+target of an unfriendly cash offer by &lt;Zico Investment Holdings
+Inc>, said its shareholders approved proposals requiring a
+66-2/3 pct affirmative vote of all outstanding shares before
+fundamental changes in its status could be made.
+    Previously, only a simple majority of outstanding shares
+was needed to change Bancroft's investment status from a
+diversified to a non-diversified fund, among other things.
+    Bancroft said its board continues to recommend that
+stockholders not tender their shares to Zico, a British Virgin
+Islands company which it said had ties to South Africa.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19147" NEWID="2729">
+<DATE> 6-MAR-1987 12:41:36.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0882&#31;reute
+u f BC-INT'L-TOTALIZATOR-&lt;IT   03-06 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L TOTALIZATOR &lt;ITSI> SEES BETTER 1ST QTR</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>International Totalizator Systems Inc
+Vice President of Finance Joel Graff said he expects to report
+an improved first quarter compared to the 377,000 dlr loss
+reported in the year ago quarter.
+    "A profit looks quite favorable," Graff said.
+    Last week, the automated ticket systems supplier reported a
+loss of 1.2 mln dlrs for the 1986.
+    Graff said "we invested heavily in 1986, which we believe
+will result in higher future growth and earnings for the
+company."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19148" NEWID="2730">
+<DATE> 6-MAR-1987 12:43:01.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0885&#31;reute
+b f BC-SOVIET-NEGOTIATOR-REP   03-06 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET NEGOTIATOR REPORTS ARMS TALKS BREAKTHROUGH</TITLE>
+<DATELINE>    PARIS, March 6 - </DATELINE><BODY>Chief Soviet arms negotiator Yuli
+Vorontsov said Soviet-American talks on cutting medium-range
+nuclear missiles had made a breakthrough.
+    Vorontsov said he expected a treaty would be ready for
+signing within three to four months following the latest talks
+in Geneva.
+    He told a news conference here "all the elements point to
+optimism" and only technical work on treaty language remained
+outstanding.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19149" NEWID="2731">
+<DATE> 6-MAR-1987 12:44:53.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0887&#31;reute
+u f BC-GATT-STUDYING-AGRICUL   03-06 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT STUDYING AGRICULTURAL SUBSIDIES CEILING</TITLE>
+<DATELINE>    PARIS, March 6 - </DATELINE><BODY>The world trade body GATT said its
+negotiators in Geneva are discussing a possible agreement for a
+ceiling on agricultural subsidies.
+    GATT director-general for agriculture Jean-Marc Lucq told
+reporters here that the talks had not got anywhere yet as the
+participants were still reluctant to lay all their cards on the
+table.
+    He said the ceilings under discussion would only be applied
+to those members of the General Agreement on Tariffs and Trade
+with high subsidy spending.
+    Lucq said a survey by the Organisation for Economic
+Co-operation and Development showed that its 24 member western
+industrialised countries subsidised their agriculture by a
+total average of more than 100 billion dlrs a year from
+1979-81.
+    Within that total, the U.S. Spent 26 billion dlrs, Japan 24
+billion, and the European Community 57 billion dlrs.
+    Yves Berthelot, an official for the United Nations
+Conference on Trade and Development, said the suppression of
+agricultural subsidies in temperate countries, which would
+allow a resurgence of world prices and a lowering of domestic
+prices, would be difficult but inevitable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19150" NEWID="2732">
+<DATE> 6-MAR-1987 12:46:17.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0893&#31;reute
+u f BC-TIPPERARY-NEGOTIATING   03-06 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIPPERARY NEGOTIATING WALKER &lt;WEP> INVESTMENT</TITLE>
+<DATELINE>    HOUSTON, March 6 - </DATELINE><BODY>Walker Energy Partners said
+restructuring of the partnership is being negotiated with
+&lt;Tipperary Corp> which is considering a capital infusion into
+the partnership.
+    Walker Energy said Tipperary's investment will be
+conditioned upon restructuring of the partnership's debt.
+    Walker Energy said it and Tipperary are negotiating toward
+definitive agreements that will result in a major restructuring
+of the master limited partnership.
+    It said the transactions, if made, will result in Tipperary
+acquiring control of the partnership's general partner and
+making a substantial capital infusion into the partnership.
+    Walker said it had requested indications of interest from
+several investment sources and selected the Tipperary offer
+after a careful review of all offers received.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19151" NEWID="2733">
+<DATE> 6-MAR-1987 12:46:29.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0894&#31;reute
+b f BC-ARMS-AMERICAN   03-06 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ, SHEVARDNADZE SAID TO MEET IN APRIL</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Secretary of State George Shultz and
+Soviet Foreign Minister Eduard Shevardnaze will meet in Moscow
+in mid-April, administration sources said.
+    The sources said they will meet April 13 to 16 and are
+expected to discuss the full range of U.S.-Soviet issues.
+    But arms control is expected to be the major focus of the
+talks, with a breakthrough widely expected on removing
+medium-range nuclear missiles from Europe.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19152" NEWID="2734">
+<DATE> 6-MAR-1987 12:48:04.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0902&#31;reute
+b f BC-SOVIET-NEGOTIATOR-REP   03-06 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET NEGOTIATOR REPORTS ARMS TALKS BREAKTHROUGH</TITLE>
+<DATELINE>    PARIS, March 6 - </DATELINE><BODY>Chief Soviet arms negotiator Yuli
+Vorontsov said Soviet-American talks on cutting medium-range
+nuclear missiles had made a breakthrough.
+    Vorontsov said he expected a treaty would be ready for
+signing within three to four months following the latest talks
+in Geneva.
+    He told a news conference here "all the elements point to
+optimism" and only technical work on treaty language remained
+outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19153" NEWID="2735">
+<DATE> 6-MAR-1987 12:49:04.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0903&#31;reute
+u f BC-/OUTBOARD-MARINE-&lt;OM>   03-06 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OUTBOARD MARINE &lt;OM> OFFICIALS HAWKING STOCK</TITLE>
+<DATELINE>    CHICAGO, March 6 - </DATELINE><BODY>Outboard Marine Corp's top executives
+are making sales presentations to portfolio managers and
+analysts ahead of a planned two mln share offering expected
+soon, company officials said.
+    Chairman Charles Strang and Wayne Jones, vice president for
+strategic planning, are meeting with portfolio managers in New
+York and Boston to line up interest for the offering
+underwritten solely by Morgan Stanley, the officials said.
+    Outboard Marine has been the subject of recurring takeover
+rumors, with one rumor this week naming Sun Chemical as the
+potential suitor for 40 dlrs a share.
+    Sun Chemical is said to have 4.9 pct of Outboard and is
+conducting a study on whether to bid for control of the marine
+engine and boatbuilding company. A Sun Chemical spokesman
+declined to comment.
+    Stanley Fishman, analyst at Fahnestock and Co, said it is
+better for a suitor to bid for Outboard before the two mln
+shares are sold. Outboard now has 17 mln shares outstanding.
+    "Even though Outboard would use proceeds from the share
+offering to pay down debt, and there would be less debt the
+acquiring company would assume, it still means more shares the
+suitor must buy to acquire the company," he said.
+    Fishman, who has heard the Sun Chemical rumor, said a 40
+dlrs a share would just open the bidding.
+    Outboard Marine today was trading at 33-5/8, down 5/8.
+    "There are only two companies that count in the marine
+leisure business, Brunswick Corp &lt;BC> being the first. But you
+can't play down number two," He said. "It's a growing field.
+There's a lot of leisure money out there. I think 40 would be a
+minimum price. It will be higher."
+    A Morgan Stanley spokesman said the offering has been
+approved by the Securities and Exchange Commission but a
+kick-off date and price have not been set.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19154" NEWID="2736">
+<DATE> 6-MAR-1987 12:49:35.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0904&#31;reute
+u f BC-HADSON-&lt;HADS>-PLANS-3   03-06 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HADSON &lt;HADS> PLANS 3,750,000 SHARE OFFERING</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 6 - </DATELINE><BODY>Hadson Corp said it intends to
+file a registration with the Securities and Exchange Commission
+within one week covering an offering of 3,750,000 common
+shares.
+    The company had 14,260,000 shares outstanding on December
+31 and 75.0 mln shares authorized.
+    It said proceeds of the offering are intended to be used to
+finance expansion of existing operations, for acquisitions and
+for working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19155" NEWID="2737">
+<DATE> 6-MAR-1987 12:50:38.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0909&#31;reute
+d f BC-BOC-GROUP-COMPLETES-S   03-06 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOC GROUP COMPLETES SALE OF UNIT TO CONTROLS</TITLE>
+<DATELINE>    MURRAY HILL, N.J., March 6 - </DATELINE><BODY>&lt;BOC Group Inc>'s Airco
+Distributor Gases finalized the sale of its Virginia-based gas
+appaturs business to &lt;Controls Corp of America>, a newly formed
+investment group organized by former Airco employees.
+    Under the terms of the sale, Airco said Controls will
+continue to make the gas apparaturs product line under the
+Airco brand name, marketing the products exclusively through
+the Airco's distributor network.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19156" NEWID="2738">
+<DATE> 6-MAR-1987 12:53:20.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0916&#31;reute
+r f BC-NEW-JERSEY-RESOURCES   03-06 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW JERSEY RESOURCES &lt;NJR> FILES TO OFFER STOCK</TITLE>
+<DATELINE>    WALL, N.J., March 6 - </DATELINE><BODY>New Jersey Resources Corp said it
+filed with the Securities and Exchange Commission to offer 1.3
+mln common shares through managing underwriters Merrill Lynch
+Capital Markets and E.F. Hutton and Co.
+    The utility holding company said the offering should be
+completed in late March or early April.
+    Net proceeds will be used to reduce debt at the company's
+main subsidiary, New Jersey Natural Gas Co.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19157" NEWID="2739">
+<DATE> 6-MAR-1987 12:54:29.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0920&#31;reute
+r f BC-BANKERS-PREDICT-SHAKE   03-06 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS PREDICT SHAKEOUT IN SWEDISH BANKING SYSTEM</TITLE>
+<DATELINE>    STOCKHOLM, March 6 - </DATELINE><BODY>The central bank recommended a major
+change in the traditional ownership structure of Swedish
+commercial banks that bankers said would inevitably lead to the
+takeover of remaining small regional banks.
+    The recommendation was prompted by a recent proposal by the
+&lt;Proventus> financial group to create a new holding company
+that will control the third-largest commercial bank &lt;Gotabanken
+and Wermlandsbanken>, a small regional bank.
+    The central bank gave its approval and said financial
+groups should be allowed to have banking subsidiaries as long
+as the groups did not include industrial or trading companies.
+    The central bank was commenting on a proposed new bill
+governing Swedish financial groups.
+    It recommended that insurance companies should not be
+allowed to own banks until a separate inquiry into the problem
+was completed. Sweden's two biggest insurance companies have
+both said they would like to enter the banking business.
+    Sweden's commercial banks on the other hand have long
+wanted to buy up insurance companies.
+    Bankers said the recommendations would mainly bring the
+rules up to date with new circumstances created by the
+extensive de-regulation of the Swedish financial markets since
+1982.
+    Bankers said it was clear that others would follow the
+Proventus example and that this would lead to a shake-up in the
+banking system with the remaining small regional banks being
+absorbed by larger banking groups.
+    The central bank also recommended banks be allowed to
+operate their stockbroking departments as subsidiaries, which
+bankers said would lead to banks taking over small stockbroking
+firms. Banks have long complained the ban on splitting off the
+broking departments forced them to operate at a disadvantage
+because they could not match the partnerships and large
+salaries stockbrokers could offer their staff.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19158" NEWID="2740">
+<DATE> 6-MAR-1987 12:57:31.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0928&#31;reute
+w f BC-MCDONNELL-&lt;DM>-OPENS   03-06 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL &lt;DM> OPENS REGIONAL N.Y. OFFICE</TITLE>
+<DATELINE>    ST LOUIS, March 6 - </DATELINE><BODY>McDonnell Douglas said it will open a
+regional office in New York, occupying 38,366 square feet in
+midtown Manhattan.
+    It said the office will bring together about 100  employees
+in its Information Systems Group who currently work at three
+separate New York offices. The group had 1986 sales of 1.2
+billion dlrs.
+    McDonnell said the move follows a series of similar
+consolidations in San Jose and San Francisco, Calif., Atlanta,
+and Denver to reduce costs and consolidate the group's
+operations in major metropolitan areas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19159" NEWID="2741">
+<DATE> 6-MAR-1987 13:00:39.46</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0933&#31;reute
+u f BC-/U.S.-WHEAT-GROWERS-W   03-06 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WHEAT GROWERS WANT EEP TO SOVIET UNION</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The U.S. National Association of
+Wheat Growers (NAWG) urged the Reagan administration offer the
+Soviet Union wheat under the export enhancement program (eep).
+    In a letter to Agriculture Secretary Richard Lyng, NAWG
+stated its "strong support" for an eep offer to Moscow.
+    "We believe that a solid case continues to exist for Soviet
+EEP eligibility, and the recently announced and reported Soviet
+purchases of U.S. corn indicate a Soviet willingness to
+purchase U.S. grain if it is competitively priced," NAWG said.
+    "Consequently, we believe it is important to renew the U.S.
+eep offer and do all that is reasonably possible to ensure
+mutual adherence to the terms of the U.S.-Soviet grain
+agreement," the letter said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19160" NEWID="2742">
+<DATE> 6-MAR-1987 13:03:19.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0944&#31;reute
+u f BC-ABN-SAYS-PROFIT-RISE   03-06 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABN SAYS PROFIT RISE ENCOURAGING IN VIEW DOLLAR</TITLE>
+<DATELINE>    AMSTERDAM, March 6 - </DATELINE><BODY>Algemene Bank Nederland N.V. &lt;ABNN.AS>
+chairman Robertus Hazelhoff said the bank's 10.3 pct increase
+in net 1986 profit to 527 mln guilders from 478 mln in 1985 was
+encouraging in view of the sharply lower dollar.
+    Hazelhoff, speaking at a press conference after the release
+of ABN's 1986 results, said a sharp decrease in foreign
+earnings had been compensated by a strong domestic performance,
+notably in the securities business.
+    He said the bank was also proposing a one for 10
+share-split which should facilitate trade in the bank's stock.
+    News of the split sparked a 14 guilder rise in ABN's share
+price on the Amsterdam bourse to a close of 517 guilders.
+    Prospects for 1987 hung on three uncertainties, namely the
+future trend of the dollar, the level of interest rates and
+ABN's share of equities trade, Hazelhoff said.
+    Provisions for general contingencies were reduced in 1986
+by 4.1 pct to 575 mln guilders, while taxes increased by 2.1
+pct to 242 mln guilders, he added.
+    Lower global interest rates in 1986 had nipped earnings
+margins via traditional lending activities, he said.
+    Hazelhoff said ABN was unlikely to continue reducing risk
+provisions in the future but he noted the bank was not overly
+concerned about default by Latin American debtors, a factor
+which brokers say has distanced Dutch insititutions from bank
+stocks recently.
+    He said that of the bank's estimated 25 financially
+troubled sovereign debtors, about one quarter were Latin
+American countries. These would ultimately pay up, he said.
+    He added that losses incurred through loans to tin
+producers in the wake of the tin council crisis at end-1985 had
+been written off.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19161" NEWID="2743">
+<DATE> 6-MAR-1987 13:04:10.88</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0951&#31;reute
+f f BC-CANADIAN-MONEY-SUPPLY   03-06 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADIAN MONEY SUPPLY M-1 RISES 217 MLN DLRS IN WEEK, BANK OF CANADA SAID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19162" NEWID="2744">
+<DATE> 6-MAR-1987 13:08:39.34</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0971&#31;reute
+b f BC-CANADIAN-MONEY-SUPPLY   03-06 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN MONEY SUPPLY RISES IN WEEK</TITLE>
+<DATELINE>    OTTAWA, March 6 - </DATELINE><BODY>Canadian narrowly-defined money supply
+M-1 rose 217 mln dlrs to 32.80 billion dlrs in week ended
+February 25, Bank of Canada said.
+    M-1-A, which is M-1 plus daily interest chequable and
+non-personal deposits, rose 556 mln dlrs to 75.19 billion dlrs
+and M-2, which is M-1-A plus other notice and personal
+fixed-term deposit rose 651 mln dlrs to 176.87 billion dlrs.s
+    M-3, which is non-personal fixed term deposits and foreign
+currency deposits of residents booked at chartered banks in
+Canada, rose 992 mln dlrs to 216.03 billion dlrs.
+    Chartered bank general loans outstanding rose 481 mln dlrs
+to 124.99 billion dlrs.
+    Canadian liquid plus short term assets fell 854 mln dlrs to
+35.40 billion dlrs and total Canadian dollar major assets of
+the chartered banks fell 118 mln dlrs to 221.20 billion dlrs.
+    Chartered bank net foreign currency assets fell 23 mln dlrs
+to minus 1.92 billion dlrs.
+    Notes in circulation totalled 16.24 billion dlrs, up 76 mln
+dlrs from the week before.
+    Government cash balances fell 565 mln dlrs to 4.31 billion
+dlrs in week ended March 4.
+    Government securities outstanding rose 1.25 billion dlrs to
+224.09 billion dlrs in week ended March 4, treasury bills rose
+950 mln dlrs to 74.55 billion dlrs and Canada Savings Bonds
+fell 57 mln dlrs to 44.34 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19163" NEWID="2745">
+<DATE> 6-MAR-1987 13:09:40.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0977&#31;reute
+r f BC-ROCHESTER-GAS-&lt;RGS>-S   03-06 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCHESTER GAS &lt;RGS> SEES FURTHER NUCLEAR DELAYS</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 6 - </DATELINE><BODY>Rochester Gas and Electric Co
+said it now estimates Unit Two of the Nine Mile nuclear power
+plant will not start commercial operation until 1988's first
+quarter.
+    The utility said this estimate is based on the Nuclear
+Regulatory Commission's advisory to the plant's operator,
+Niagara Mohawk Power Corp &lt;NMK>, a more through demonstration
+of the main steam isolation valve's acceptablility will be
+needed before the plant's power ascension program can proceed.
+    Rochester Gas disclosed the further delay in the operation
+of Nine Mile Unit Two in the preliminary prospectus describing
+its proposed offering of 300,000 preferred shares, par value
+100 dlrs.
+    A spokesman said Niagara Mohawk had been projecting
+commercial operation of the plant in September, adding this
+projection was scheduled for review upon completion of the main
+steam isolation valve testing program which company officials
+still expect next week.
+    In the past, Niagara Mohawk has put the cost of delays in
+Nine Mile Unit Two at two mln dlrs per day.
+    Niagara Mohawk has a 41 pct interest in the nuclear power
+plant, while Rochester Gas owns 14 pct.
+    In a statement released today, Rochester Gas said the NRC,
+based on progress of the valve testing program, had advised
+Niagra Mohawk a more through demonstration of the acceptability
+of the valve's and their ability to meet regulations and
+technical specifications will be required before the power
+ascension program can proceed.
+    The Niagara Mohawk spokesman said the utility would have
+not immediate response to the Rochester Gas statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19164" NEWID="2746">
+<DATE> 6-MAR-1987 13:13:03.04</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0990&#31;reute
+r f BC-FRENCH-GOVERNMENT-TO   03-06 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH GOVERNMENT TO STEP UP AID TO JOBLESS</TITLE>
+<DATELINE>    PARIS, March 6 - </DATELINE><BODY>The government plans to go ahead with a
+three billion franc package to help the long-term unemployed,
+with the aim of guaranteeing social security payments to
+everyone becoming redundant, government officials said.
+    At present only about one-third of the country's 2.6 mln
+jobless, corresponding to 10.9 pct of the workforce, receive
+unemployment benefit.
+    Prime Minister Jacques Chirac told a television
+interviewer, "As soon as the law is approved, and it will be in
+a matter of weeks, all workers made redundant will have the
+right to social benefits."
+    The money, which will be used to alleviate unemployment
+through retraining or project finance, will come from a 7.5
+billion franc government fund set up last month to finance
+spending on special areas of concern.
+    Apart from unemployment, these include relief to farmers
+hit by European Community cost-cutting measures.
+    French unemployment has risen by more than 40 pct from 1.8
+mln when socialist President Francois Mitterrand took office in
+1981.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19165" NEWID="2747">
+<DATE> 6-MAR-1987 13:14:25.00</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0992&#31;reute
+b f BC-/USSR-WHEAT-BONUS-OFF   03-06 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR WHEAT BONUS OFFER SAID STILL UNDER DEBATE</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The Reagan administration continues
+to debate whether to offer subsidized wheat to the Soviet
+Union, but would need assurances from the Soviets that they
+would buy the wheat before the subsidy offer would be made, a
+senior U.S. Agriculture Department official said.
+    "I think it still is under active debate whether or not it
+would be advisable" to make an the export enhancement offer to
+the Soviets, Thomas Kay, administrator of the department's
+Foreign Agriculture Service, told Reuters.
+    "We'd need some assurances from them (the Soviets) that they
+would buy if offered" the wheat under the subsidy plan, he said.
+Kay called reports that such an offer was imminent "premature."
+    The Reagan administration's cabinet-level Economic Policy
+Council is set to meet today to discuss, among other matters,
+agricultural policy but is not expected to address a wheat
+subsidy offer to the Soviet Union, administration officials
+said earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19166" NEWID="2748">
+<DATE> 6-MAR-1987 13:18:31.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0005&#31;reute
+r f BC-SUN-ELECTRIC-CORP-&lt;SE   03-06 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN ELECTRIC CORP &lt;SE> 1ST QTR JAN 31 OPER NET</TITLE>
+<DATELINE>    CRYSTAL LAKE, Ill., March 6 -
+    </DATELINE><BODY>Oper shr profit nine cts vs loss seven cts
+    Oper net profit 628,000 vs loss 491,000
+    Sales 50.7 mln vs 41.8 mln
+    Avg shrs 7,033,000 vs 6,557,000
+    Note: Oper net excludes extraordinary profit of 423,000
+dlrs, or six cts a shr, and 110,000 dlrs, or one ct a share,
+respectively, in 1987 and 1986 quarters, from utilization of
+tax loss carryforwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19167" NEWID="2749">
+<DATE> 6-MAR-1987 13:19:50.18</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0009&#31;reute
+u f BC-CANADA-CORN-DECISION   03-06 0144</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA CORN DECISION UNJUSTIFIED - YEUTTER</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>U.S. trade representative Clayton
+Yeutter said Canada's finding announced today that U.S. corn
+imports injure Canadian farmers is "totally unjustified."
+    "U.S. corn exports to Canada are so small that it is
+inconceivable that they injure Canadian corn farmers by any
+reasonable measure," Yeutter said in a statement.
+    He said if other countries follow Canada's lead it could
+result in "a rash of protectionist actions throughout the
+world." French corn growers have recently indicated they will
+challenge U.S. corn gluten feed shipments to Europe.
+    Yeutter said the U.S. will examine the Canadian decision
+closely and if the U.S. believes the decision was not based on
+facts, "will carefully evaluate appropriate responses." Yeutter
+did not say what steps the U.S. may take in response.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19168" NEWID="2750">
+<DATE> 6-MAR-1987 13:20:20.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0011&#31;reute
+h f BC-CETEC-CORP-&lt;CEC>-4TH   03-06 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CETEC CORP &lt;CEC> 4TH QTR NET</TITLE>
+<DATELINE>    EL MONTE, Calif., March 6 -
+    </DATELINE><BODY>Oper shr two cts vs eight cts
+    Oper net 41,000 vs 153,000
+    Sales 7,456,000 vs 7,965,000
+    Year
+    Oper shr 22 cts vs 50 cts
+    Oper net 434,000 vs 1,103,000
+    Sales 31 mln vs 33.6 mln
+    Note: Current qtr and year figures exclude loss from
+discontinued operations of 384,000 dlrs, or 20 cts per share.
+    Prior qtr and year figures exclude losses from discontinued
+operations of 1.9 mln dlrs, or 88 cts per share and 2.3 mln
+dlrs, or 1.07 dlrs per share, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19169" NEWID="2751">
+<DATE> 6-MAR-1987 13:22:12.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0016&#31;reute
+d f BC-RICHTON-INTERNATIONAL   03-06 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RICHTON INTERNATIONAL CORP &lt;RIHL> 3RD QTR JAN 31</TITLE>
+<DATELINE>    NEW YORK, March 6 -
+    </DATELINE><BODY>Shr 18 cts vs 39 cts
+    Net 507,000 vs 762,000
+    Sales 11.3 mln vs 11.7 mln
+    Avg shrs 2,789,000 vs 1,961,000
+    Nine mths
+    Shr 39 cts vs 90 cts
+    Net 1,076,000 vs 1,752,000
+    Sales 32.9 mln vs 33.3 mln
+    Avg shrs 2,771,000 vs 1,955,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19170" NEWID="2752">
+<DATE> 6-MAR-1987 13:22:17.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0017&#31;reute
+d f BC-VALTEK-INC-&lt;VALT>-3RD   03-06 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALTEK INC &lt;VALT> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    SPRINGVILLE, Utah, March 6 -
+    </DATELINE><BODY>Shr 18 cts vs 19 cts
+    Net 400,413 vs 421,451
+    Revs 9,343,228 vs 8,213,449
+    Nine mths
+    Shr 39 cts vs 46 cts
+    Net 853,891 vs 1,011,999
+    Revs 24.6 mln vs 22.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19171" NEWID="2753">
+<DATE> 6-MAR-1987 13:23:45.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0024&#31;reute
+b f BC-MOET-HENNESSY-ISSUING   03-06 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOET-HENNESSY ISSUING CONVERTIBLE EUROBOND</TITLE>
+<DATELINE>    PARIS, March 6 - </DATELINE><BODY>Moet-Hennessy &lt;MHSP.PA> is issuing an 800
+mln French franc 10-year eurobond with share warrants,
+lead-manager Lazard Freres et Cie said.
+    The issue will be priced at par with a one pct coupon, and
+each 10,000 franc bond will carry 18 warrants, each giving the
+right to subscribe to Moet-Hennessy shares over a three-year
+period at 2,720 francs each. The high equity content of the
+issue accounts for the low coupon.
+    Moet-Hennessy shares closed on the Paris Bourse today at
+2,678 francs, up 38 from yesterday's close.
+    The issue is being co-lead managed by Credit Lyonnais,
+Banque Nationale de Paris (BNP) and Credit Suisse First Boston.
+    Payment date will be April 8.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19172" NEWID="2754">
+<DATE> 6-MAR-1987 13:24:49.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0032&#31;reute
+d f BC-THE-WRITER-CORP-&lt;WRTC   03-06 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE WRITER CORP &lt;WRTC> 4TH QTR LOSS</TITLE>
+<DATELINE>    DENVER, March 6 -
+    </DATELINE><BODY>Shr loss 30 cts vs profit 11 cts
+    Net loss 1,247,000 vs profit 454,000
+    Revs 12.3 mln vs 17.5 mln
+    Year
+    Shr loss 24 cts vs profit 32 cts
+    Net loss 979,000 vs profit 1,303,000
+    Revs 60.6 mln vs 61.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19173" NEWID="2755">
+<DATE> 6-MAR-1987 13:25:08.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0034&#31;reute
+f f BC-******WHITE-HOUSE-SAY   03-06 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE SAYS SHULTZ TO VISIT MOSCOW APRIL 13-16
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19174" NEWID="2756">
+<DATE> 6-MAR-1987 13:25:22.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0036&#31;reute
+d f BC-ROCKY-MOUNTAIN-MEDICA   03-06 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKY MOUNTAIN MEDICAL CORP &lt;RMEDU> 1ST QTR LOSS</TITLE>
+<DATELINE>    GREENWOOD VILLAGE, Colo., March 6 - </DATELINE><BODY>Dec 31
+    Shr loss one ct
+    Net loss 176,639
+    Revs 150,300
+    NOTE: Company went public in April 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19175" NEWID="2757">
+<DATE> 6-MAR-1987 13:25:44.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0039&#31;reute
+d f BC-FIRST-AMERICAN-BANK-A   03-06 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST AMERICAN BANK AND TRUST &lt;FIAMA> YEAR NET</TITLE>
+<DATELINE>    NORTH PALM BEACH, Fla., March 6 -
+    </DATELINE><BODY>Shr 91 cts vs 1.25 dlrs
+    Net 8,710,000 vs 11.7 mln
+    Avg shrs 9,526,287 vs 9,362,379
+    NOTE: Share adjusted for 10 pct stock dividend in May 1986.
+    Net includes loan loss provisions of 12.7 mln dlrs vs
+2,400,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19176" NEWID="2758">
+<DATE> 6-MAR-1987 13:27:49.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0046&#31;reute
+r f BC-S/P-SAYS-CORPORATE-DO   03-06 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P SAYS CORPORATE DOWNGRADES MAY EASE THIS YEAR</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Standard and Poor's Corp said it
+expects downgrades of corporate debt ratings to ease this year
+from the lofty levels of 1986 and 1985.
+    However, the rating agency said upgrades will probably stay
+at about the same level as in the past few years.
+    The narrowing of the gap between downgrades and upgrades
+would reflect a calming in takeover frenzy, less volatile
+energy markets and slow but steady economic growth, S and P
+said.
+    In particular, S and P expects that the industrial and
+banking sectors would have a less turbulent year than in 1986.
+    S and P noted that 60 pct of 1986's downgrades were
+concentrated in the industrial sector, where the most negative
+factor was takeover fever that led to debt-financed mergers and
+acquisitions and costly defenses to fend off takeovers.
+    It said takeovers appear to be on the decline this year.
+    While S and P noted that the energy markets have stabilized
+after last year's collapse, it stressed that 1987 would not
+mark a turnaround for this industry.
+    In addition, S and P does not expect any big shocks to hit
+the junk bond market this year, especially of the magnitude of
+1986's unexpected LTV Corp &lt;LTV> bankruptcy filing.
+    Utilities, which were a positive influence in the overall
+1986 trend, should be a pocket of strength again this year. But
+like last year, gas utilities could buck this trend, S and P
+said.
+    The rating agency said that downgrades would continue to
+outpace upgrades among financial institutions. But 1987's
+rating changes will not be as skewed as 1986's 2.1 to one ratio
+of downgrades to upgrades, S and P predicted.
+    S and P said debt ratings for the transportation industry
+would remain stable, aside from changes because of mergers. A
+detailed report will appear in the March 9 S/P Creditweek.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19177" NEWID="2759">
+<DATE> 6-MAR-1987 13:33:10.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>nicaragua</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0061&#31;reute
+u f AM-REAGAN-CALERO   03-06 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTRA LEADER LINKS MYSTERY DLRS TO ARMS SALE</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Nicaraguan rebel leader Adolfo Calero
+has for the first time linked payments received for his forces
+to a dummy company controlled by former White House aide Oliver
+North, legal sources said.
+    The company, Lake Resources Inc, was established by North
+and his ally, retired Air Force major General Richard Secord,
+and had a Swiss bank account into which proceeds from secret
+arms sales to Iran were deposited.
+    Calero yesterday made public bank statements showing his
+group has received 32 mln dlrs since mid-1984, but said he has
+no idea who donated the money.
+    Calero, head of the Nicaraguan Democratic Force, known by
+its Spanish initials as FDN, provided the same records to a
+grand jury investigating the Iran arms scandal that has shaken
+the Reagan administration.
+    The bank statements he showed reporters ended with March,
+1985, so they shed no light on whether Iran arms profits were
+diverted to contra rebels since shipments of U.S. arms to Iran
+did not begin until September 1985.
+    But last night, Calero told Cable News Network that he had
+just discovered deposits made in late October, 1985 by Lake
+Resources into a contra account in the Cayman Islands.
+   
+    This came at a time when proceeds from the Iran arms sales
+were being funneled to the Swiss bank account.
+    "I just found out," he said.
+    Legal sources confirmed that Calero had turned over the
+newly disclosed information, which was brought to his attention
+after one of his lawyers noticed the two desposits made by Lake
+Resources buried in the mass of bank records.
+    They said that Calero has promised to review in more detail
+the bank statements and pass along any further information on
+possible deposits by the North-Secord groups.
+    The Tower commission said in its report that up to 19.8 mln
+dlrs from the sale of U.S. weapons to Iran was unaccounted for
+and may have been diverted to the contras.
+    Calero's FDN is the largest of the contra rebel groups
+that are fighting to overthrow the left-wing Sandinista
+government of Nicaragua.
+    On the advice of his lawyer, Calero declined to go into
+details about what he told the grand jury.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19178" NEWID="2760">
+<DATE> 6-MAR-1987 13:33:29.04</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0063&#31;reute
+u f BC-INDIA-AGAIN-IN-MARKET   03-06 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA AGAIN IN MARKET FOR SUGAR - TRADE</TITLE>
+<DATELINE>    LONDON, March 6 - </DATELINE><BODY>India has called a fresh buying tender
+for up to four 13,000 tonne cargoes of white sugar on March 11,
+traders here said.
+    The tender calls for one cargo of prompt sugar and two to
+three with March/April shipment sugar, or the same as the eight
+cargoes bought at a tender two days ago. That tender originally
+only sought two to three cargoes but resulted in the sale of
+eight. India also granted the sellers options to sell twice
+that amount at the same price but for April/May shipment.
+    Depending on prices, traders said it would be likely for
+India again to buy more than the tonnage formally sought.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19179" NEWID="2761">
+<DATE> 6-MAR-1987 13:36:45.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0078&#31;reute
+d f BC-&lt;WARRANTECH-CORP>-3RD   03-06 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WARRANTECH CORP> 3RD QTR DEC 31 NET</TITLE>
+<DATELINE>    NEW YORK, March 6 -
+    </DATELINE><BODY>Shr profit nil vs loss nil
+    Net profit 28,565 vs loss 204,553
+    Revs 507,529 vs 6,563
+    Nine mths
+    Shr loss nil vs loss nil
+    Net loss 404,011 vs loss 649,495
+    Revs 938,345 vs 32,535
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19180" NEWID="2762">
+<DATE> 6-MAR-1987 13:36:52.69</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D><D>ghana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0079&#31;reute
+d f BC-PIONEER-GROUP-&lt;PIOG>   03-06 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIONEER GROUP &lt;PIOG> UNIT GETS MORE LAND</TITLE>
+<DATELINE>    BOSTON, March 6 - </DATELINE><BODY>The Pioneer Group Inc said its 70
+pct-owned Teberebie Goldfields Ltd venture has been granted an
+additional concession of land in Ghana to look for and mine
+gold.
+    The State Gold Mining Corp of Ghana granted the venture an
+additional 14.5 square kilometers in Teberebie, Ghana,
+contiguous to 11.5 square kilometers granted earlier, the
+company said.
+    The original concession appears to have a substantial
+amount of gold bearing material containing about 2 grams, or
+6/100 ounces, of gold per metric ton.
+    But the venture has no firm estimates on the costs of
+extracting the gold and no assurances can be given that the
+reserves can be mined profitably, the company said.
+    It said Teberebie Goldfields has not conducted tests on the
+newly granted land but added the land seems to be similar in
+geological characteristics to the original land.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19181" NEWID="2763">
+<DATE> 6-MAR-1987 13:38:17.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0082&#31;reute
+r f BC-INSITUFORM-&lt;IGLSF>-RA   03-06 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSITUFORM &lt;IGLSF> RAISES STAKE IN UNIT</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Insituform Group Ltd of Guernsey,
+Channel Islands, said it has exercised an option to convert a
+250,000 stg loan to affiliate Insituform Permaline Ltd to
+common shares, raising its stake in the unit to 75 pct from 50
+pct.
+    The remainder is held by Permaline's management and an
+investment group.
+    Insituform also said James Colclough has resigned from its
+board for health reasons and secretary Scott Saltpeter has
+resigned, effective June Five.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19182" NEWID="2764">
+<DATE> 6-MAR-1987 13:38:26.75</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>unctad</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0083&#31;reute
+u f BC-COPPER-MEETING-AGREES   03-06 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COPPER MEETING AGREES GOALS OF STUDY GROUP</TITLE>
+<DATELINE>    GENEVA, March 6 - </DATELINE><BODY>The world's major copper producing and
+consuming countries have reached "a degree of consensus" on
+objectives and functions of a future study group aimed at
+reviewing the world copper market, officials said.
+    Governments represented at a meeting to consider a proposed
+forum for copper have recommended that another session be held
+in September to consider further the nature of such a group, a
+spokesman for the United Nations Conference on Trade and
+Development (UNCTAD) said.
+    The one-week meeting, which ended today, was held to
+examine a U.S. Initiative to set up a copper study group.
+    The new body would not aim at negotiating measures to
+stabilise depressed world prices.
+    Its objectives would include increasing market
+transparency, through improved statistics, and undertaking
+activities aimed at developing the copper market and
+contributing to improvement of demand.
+    UNCTAD's spokesman said, "Once they have agreed on detailed
+functions and objectives, then the way will be cleared to
+setting up the body."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19183" NEWID="2765">
+<DATE> 6-MAR-1987 13:38:44.48</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>liffe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0086&#31;reute
+d f BC-LIFFE-JANUARY-VOLUMES   03-06 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFFE FEBRUARY VOLUMES DOWN, BUT EURODOLLARS UP</TITLE>
+<DATELINE>    LONDON, March 6 - </DATELINE><BODY>Total futures and options turnover on the
+London International Financial Futures Exchange (LIFFE) fell
+slightly during February, although daily average Eurodollar
+volume set a new record, LIFFE said today.
+    Total futures and options turnover last month was 822,378
+contracts, down from January's 881,778, but sharply above the
+comparative February 1986 figure of 463,146 lots, it said.
+    Eurodollar turnover during February was 140,417 lots,
+against January's 100,941 and the year ago figure of 81,648.
+The daily average was a record 7,020 lots, up four pct from the
+previous record, set in March 1985.
+    February trading encompassed a new daily record of 66,087
+contracts on the 19th of the month, exceeding the previous
+record of 61,398, which had been set on February 6, LIFFE said.
+    FT-SE 100 index futures volume was sharply higher during
+February, with 22,109 contracts trading, against January's
+15,279 and the year-ago level of 8,181.
+    Open interest also set new records last month in
+Eurodollars at 29,372 contracts, in FT-SE 100 at 4,898 and in
+short sterling interest rate futures at 19,846 lots.
+    Key futures volumes as detailed by LIFFE were:
+                 Feb'87   Jan'87    Feb'86
+ Long gilt      424,865  525,354   134,420
+ Eurodollar     140,417  100,941    81,648
+ Short sterling  94,720   87,619    67,640
+ T-bond          84,694   87,980   133,766
+ FT-SE           22,109   15,279     8,181
+ Currencies       2,799    2,112     7,737
+ Short gilt          74       85     6,516
+    Key options volumes as detailed by LIFFE were:
+              Feb'87    Jan'87     Feb'86
+ Long gilt     44,640    54,329     ----
+ Eurodollar     3,580     1,720     2,844
+ T-bond         1,737     3,479     ----
+ Sterling       1,466     2,223    18,191
+ FT-SE          1,277       657     ----
+ Total options 52,700    62,408    23,238
+    (Long gilt, T-bond and FT-SE index options were not trading
+in February 1986).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19184" NEWID="2766">
+<DATE> 6-MAR-1987 13:39:48.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0089&#31;reute
+b f AM-ARMS-SHULTZ-1STLD-*** *URGENT  03-06 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDENT SAYS SHULTZ TO HEAD FOR MOSCOW TALKS</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>President Reagan announced he is
+sending Secretary of State George Shultz to Moscow for talks
+with Foreign Minister Eduard Shevardnadze next month.
+    Arms control is expected to be the major topic.
+    The announcement said the talks will take place April 13-16
+and would review "the entirety of our relationship."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19185" NEWID="2767">
+<DATE> 6-MAR-1987 13:40:33.39</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>colombia</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0091&#31;reute
+r f BC-colombian-oil-exports   03-06 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIAN OIL EXPORTS NOT AFFECTED BY QUAKE</TITLE>
+<DATELINE>    BOGOTA, March 6 - </DATELINE><BODY>Colombian oil installations were not
+damaged by an earthquake which shook Ecuador and southern
+Colombia last night and there are no plans to suspend exports,
+a spokesman for the state-run oil company Ecopetrol said.
+    He said no damage was reported, unlike in Ecuador where
+indefinite force majeure was declared on crude exports.
+    Colombia currently produces about 360,000 barrels per day
+(bpd) of crude. Exports in january totalled 123,000 bpd.
+    The quake, which in Colombia measured between 6.5 and seven
+on the 12-point international Mercalli scale, caused panic
+among residents but no injuries were reported.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19186" NEWID="2768">
+<DATE> 6-MAR-1987 13:41:01.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0092&#31;reute
+r f BC-CHICAGO-MILWAUKEE-&lt;CH   03-06 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO MILWAUKEE &lt;CHG> GREETS SHEARSON STAKE</TITLE>
+<DATELINE>    CHICAGO, March 6 - </DATELINE><BODY>Chicago Milwaukee Corp said it welcomed
+an investment by Shearson Lehman Brothers Inc in its company.
+    Yesterday, Shearson Lehman, a subsidiary of American
+Express Co (AXP), disclosed in a Securities and Exchange
+Commission filing that it holds a 5.35 pct interest in Chicago
+Milwaukee.
+    Chicago Milwaukee's stock edged up 2-1/8 to 138 on turnover
+of 8,100 shares, as one of the biggest gainers on the NYSE. The
+stock has been trading in a 154 to 128 range for the last 52
+weeks.
+    Edwin Jacobson, Chicago Milwaukee president, declined to
+comment on movement of the company's stock but said,"From an
+investment point of view, we are pleased to have Shearson,
+Lehman as a substantial investor."
+    Shearson, Lehman purchased the shares for investment
+purposes and may continue buying shares depending on market
+conditions, according to the filing.
+    Chicago Milwaukee, which sold its railroad interests to Soo
+Line Railroad Co (SOO) in February 1985, currently manages and
+sells its real estate which consists of 28,000 parcels in 11
+states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19187" NEWID="2769">
+<DATE> 6-MAR-1987 13:43:00.05</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0102&#31;reute
+d f BC-DAUPHIN-DEPOSIT-&lt;DAPN   03-06 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAUPHIN DEPOSIT &lt;DAPN> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    HARRISBURG, Pa., March 6 - </DATELINE><BODY>Dauphin Deposit Corp said it has
+signed a letter of intent to acquire Colonial Bancorp Inc of
+New Holland, Pa., in an exchange of 3.6 to 4.4 Dauphin shares
+for each colonial share, depending on the market value of
+Dauphin shares just before the merger takes place.
+    The company said the acquisition is subject to approval by
+Colonial shareholders and regulatory authorities.  Colonial had
+assets at year-end of about 150 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19188" NEWID="2770">
+<DATE> 6-MAR-1987 13:43:04.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0103&#31;reute
+d f BC-UNC-&lt;UNC>-TO-CHANGE-S   03-06 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNC &lt;UNC> TO CHANGE STATE OF INCORPORATION</TITLE>
+<DATELINE>    ANNAPOLIS, March 6 - </DATELINE><BODY>UNC Inc said its board has approved a
+change in state of incorporation to Delaware from Virginia,
+subject to approval by shareholders at the April 24 annual
+meeting.
+    It said it expects to make the change around April 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19189" NEWID="2771">
+<DATE> 6-MAR-1987 13:43:23.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0104&#31;reute
+s f BC-VAN-DORN-CO-&lt;VDC>-SET   03-06 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VAN DORN CO &lt;VDC> SETS QUARTERLY</TITLE>
+<DATELINE>    CLEVELAND, March 6 -
+    </DATELINE><BODY>Qtly div 27-1/2 cts vs 27-1/2 cts prior
+    Pay May One
+    Record April 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19190" NEWID="2772">
+<DATE> 6-MAR-1987 13:43:38.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0106&#31;reute
+s f BC-M.D.C.-HOLDINGS-INC-&lt;   03-06 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>M.D.C. HOLDINGS INC &lt;MDC> SETS QUARTERLY</TITLE>
+<DATELINE>    DENVER, March 6 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay March 31
+    Record March 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19191" NEWID="2773">
+<DATE> 6-MAR-1987 13:43:49.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0107&#31;reute
+s f BC-CHUBB-CORP-&lt;CB>-SETS   03-06 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHUBB CORP &lt;CB> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 6 -
+    </DATELINE><BODY>Qtly div 42 cts vs 42 cts prior
+    Pay April Seven
+    Record March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19192" NEWID="2774">
+<DATE> 6-MAR-1987 13:44:00.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0108&#31;reute
+r f BC-MELLON-BANK-&lt;MEL>-SEL   03-06 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELLON BANK &lt;MEL> SELLS FIVE-YEAR DEPOSIT NOTES</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Mellon Bank Corp is raising 150 mln
+dlrs via an offering of deposit notes due 1992 with a 7.45 pct
+coupon and par pricing, said sole manager First Boston Corp.
+    That is 73 basis points more than the yield of comparable
+Treasury securities.
+    The issue has a one-time call after three years, First
+Boston detailed. If Mellon does not redeem the notes at that
+time, they will be non-callable to maturity.
+    Moody's Investors Service Inc rates the debt Aa-2 and
+Standard and Poor's Corp rates it AA.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19193" NEWID="2775">
+<DATE> 6-MAR-1987 13:45:51.52</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D><D>iea</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0114&#31;reute
+r f BC-CRUDE-OIL-PRICES-UP-A   03-06 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRUDE OIL PRICES UP AS STOCKS, OUTPUT FALL</TITLE>
+<AUTHOR>    BY TED D'AFFLISIO, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>U.S. crude oil prices rose above 18 
+dlrs a barrel this week and industry analysts said the price
+could rise another dollar as inventories fall.
+    "OPEC is keeping its production down, and in the cash market
+there is tight supply of crude with short transportation time
+to major refining centers," said Daniel McKinley, oil analyst
+with Smith Barney, Harris Upham and Co. "That could send prices
+50 cts to a dollar higher," he added.
+    The U.S. benchmark crude West Texas Intermediate rose to
+18.15 dlrs a barrel today, a rise of 1.50 dlrs this week.
+    The rally in oil prices this week came after prices fell in
+February more than two dlrs from its high of 18.25 dlrs a
+barrel.
+    "Oil traders were pulling prices down on the assumption that
+oil stocks were building and OPEC was producing well above its
+15.8 mln bpd quota, but now both of those assumptions have come
+under question," McKinley said.
+    Yesterday the International Energy Agency in its monthly
+report said that oil stocks in the OECD area, or in
+industrialized nations, were drawn down by 1.3 mln bpd during
+the first quarter of this year.
+    IEA estimates that the draw in oil stocks during the first
+quarter of this year will come largely from oil companies whose
+inventory levels by April one will be an estimated 326 mln
+tonnes, or about 74 days consumption.
+    Industry analysts also said the estimate of a 3.5 mln bpd
+draw in stocks made by Shell Chairman Peter Holmes yesterday
+fed speculation that other major companies were destocking.
+    Traders said the destocking has come about as a result of a
+so-called buyers strike, which kept refiners from buying
+officially priced OPEC oil in an effort to get the organization
+to offer discounts to the official price.
+    "This struggle between the companies and OPEC is the
+ultimate game of chicken but it will be resolved relatively
+soon. I would imagine by about the middle of the month (March),"
+the general trading manager of an international oil company
+told Reuters in a telephone interview.
+    For its part OPEC has moved to win this game by cutting
+excess supplies from the market by a reduction of its own
+output, traders said. A Reuter survey estimates OPEC output to
+be 14.7 mln bpd this week.
+    Also, an earthquake in Ecuador yesterday led it to suspend
+oil exports indefintiely and force majeure its shipments.
+    "This will reduce short-haul availabilities by about 250,000
+bpd almost immediately and the longer the suspension continues,
+the larger the draw in stocks will be for companies expecting
+it to be there," McKinley said.
+    International oil traders said that other short-haul
+crudes, such as North Sea Brent, were also scarce because Asian
+refiners bought the oil after absorbing a lot of the readily
+available Mideast crudes earlier this week.
+    If this pattern continues then oil companies will bid up
+the price of oil as they purchase for their refineries, trading
+managers at several companies told Reuters.
+    But there were skeptics who said they wondered how long
+OPEC can retain its unity if buyer resistance continues.
+    Stephen Hanke, chief economist at Friedburg Commodity
+Management, said OPEC production was lower "because of the
+Saudi cut (to 3.1 mln bpd) and this could spell trouble if it
+gives other members an incentive to exceed their quotas."
+     He added, "The Saudis will be picking up the tab for other
+members who produce over their quota, and the drain on the
+Saudis will continue, forcing them to cut output maybe as low
+as 2.5 mln bpd to support the 18 dlrs average price," he added.
+    There are also signs of some OPEC crudes being sold in the
+spot market at below OPEC official prices, traders said.
+    Oil traders said Nigerian Brass River sold for delivery
+into the U.S. Gulf at a price related to North Sea brent, which
+traded this week at 17.60 dlrs, far below the official price of
+18.92 dlrs for the similar quality Bonny Light.
+    Iranian oil is also surfacing in the U.S. Gulf and the Far
+East at reported discounts to its 17.50 dlrs official price.
+    "There is a lot of oil priced on government-to-government
+deals, which are below official prices and this is probably
+being resold," one international trader said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19194" NEWID="2776">
+<DATE> 6-MAR-1987 13:46:08.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0116&#31;reute
+u f BC-TALKING-POINT/-PAPER   03-06 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/ PAPER STOCKS</TITLE>
+<AUTHOR>    by Patrick Rizzo, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>The attempt by International Paper Co
+&lt;IP> and Stone Container Co &lt;STO> to raise linerboard prices
+could stick, industry analysts said, citing strong demand and
+tight capacity. But they said rising inventories hurt the odds.
+    "It remains to be seen whether the increases will be
+accepted, but I think the odds are better than 50-50 they
+will," Mark Rogers, paper analyst for Prudential Bache said.
+    Mead Corp &lt;ME> and Union Camp Corp &lt;UCC> said they are also
+considering price increases.
+    Rogers, who has been aggressively recommending Stone and
+International Paper for several months, said the increases
+could stick because plants are running full tilt and little new
+capacity is coming on stream.
+    "The operating rates in linerboard are running at about 97
+to 98 pct of capacity, but demand continues to climb," Gene
+Cartledge, chairman and chief executive officer of Union Camp
+said "The industry is essentially sold out."
+    Cartledge said domestic linerboard shipments in January hit
+about 1.6 mln tons, six pct higher than January 1986, while
+exports hit 170,000 tons, three to four pct higher.
+    Nevertheless, rising inventories could nip the increase in
+the bud, Lawrence Ross, forest products analyst for Paine
+Webber, said.
+    "Containerboard inventories have been growing for the past
+three months," Ross said. "Over that time inventories rose from
+4.8 weeks worth of supplies to 5.9 weeks most recently."
+    Also, Ross said that the Jacksonville, Fla., paper mill, 49
+pct owned by Stone, is planning to come on stream again soon,
+which may help alleviate some of the supply constraints. "The
+plant's capacity, by itself, is about two pct of the industry
+total," Ross said.
+    But, Rogers said the Jacksonville mill "won't be enough" to
+significantly ease tight capacity this year. The price increase
+is necessary, he said, to attract more investment.
+    Rates of return in the industry have been too low in recent
+years to merit inventment in new capocity, Rogers said, adding
+that he sees prices climbing to the 400 dlrs-a-ton range this
+year.
+    "The consensus on the Street is changing," he said, "from
+whether there will be increases to when is the next increase
+and how much."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19195" NEWID="2777">
+<DATE> 6-MAR-1987 13:46:27.99</DATE>
+<TOPICS><D>sugar</D><D>corn</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0117&#31;reute
+d f BC-MGE-PLANNING-APRIL-6   03-06 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MGE PLANNING APRIL 6 START UP OF HFCS CONTRACT</TITLE>
+<DATELINE>    MINNEAPOLIS, March 6 - </DATELINE><BODY>The Minneapolis Grain Exchange (MGE)
+will start trading futures contracts in high fructose corn
+syrup on April 6 if the Commodity Futures Trading Commission
+(CFTC) approves the contract as expected next week.
+    Pat Henderson, spokesperson for the MGE, said the exchange
+expects contract approval at CFTC's Tuesday meeting. It has
+been under review since the exchange submitted the proposal in
+December, 1985.
+    The proposed contract is based on 48,000 pound lots of
+55-pct high fructose corn syrup, the equivalent of one tank
+truck of the sweetening agent derived from corn in the wet
+milling process. The syrup, commonly called HFCS-55, is most
+commonly used as a sweetener in soft drinks and other
+beverages.
+    Delivery would be by shipping certificate from production
+facilities designated by the exchange. The contract, designated
+by the symbol "HF," would trade from 0900 to 1315 CST. Months
+traded would correspond with the Chicago corn futures months of
+March, May, July, September and December.
+    Contract price will be quoted per hundred weight, with a
+minimum price fluctuation of one cent and maximum fluctuation
+of one dlr per CWT.
+    "We hope the producers and users of fructose will be
+actively involved, those producers being the large processors,
+the corn wet millers, and the users being the beverage
+bottlers," Henderson said. "But there are potentials for all
+types of people to use it. There is quite a list of industries
+that utilize fructose."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19196" NEWID="2778">
+<DATE> 6-MAR-1987 13:51:35.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0131&#31;reute
+d f BC-&lt;CONCORDE-CAPITAL-LTD   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CONCORDE CAPITAL LTD INC> IN FRANCHISE PACT</TITLE>
+<DATELINE>    MIAMI, March 6 - </DATELINE><BODY>Concorde Capital Ltd Inc said it has
+signed an agreement to establish a minimum of 40 Heidi's Frozen
+Yogurt Shoppes in South Florida over the next 48 months.
+    It said it signed the agreement with &lt;Zenith Capital Inc>,
+which received 3,890,000 Concorde shares, or a 10 pct interest,
+for the exclusive franchise rights from Orlando south in
+Florida.
+    Zenith now has seven company owned and 44 franchised
+Heidi's open and another 90 franchises sold.
+    Concorde said it expects to change its name soon to Heidi's
+Frozen Yogurt Shoppes of Florida Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19197" NEWID="2779">
+<DATE> 6-MAR-1987 13:52:00.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0134&#31;reute
+s f BC-FIRST-FEDERAL-BROOKSV   03-06 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL BROOKSVILLE &lt;FFBV> SETS QUARTERLY</TITLE>
+<DATELINE>    BROOKSVILLE, Fla., March 6 -
+    </DATELINE><BODY>Qtly div four cts vs four cts prior
+    Pay March 31
+    Record March 20
+    NOTE: First Federal Savings and Loan Association of
+Brooksville.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19198" NEWID="2780">
+<DATE> 6-MAR-1987 13:53:01.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0136&#31;reute
+r f BC-ENERGY-VENTURES-&lt;ENGY   03-06 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY VENTURES &lt;ENGY> FORMS NEW ENERGY UNIT</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Energy Ventures Inc said it formed a
+new subsidiary, EVI Inc, that will seek to fund growth of and
+offer financial services to oil service and equipment
+companies.
+    The new unit is majority owned by Energy Ventures. Simmons
+and Co Finance, an affiliate of Houston-based Simmons and Co
+International, is minority shareholder.
+    Initial capital of 25 mln dlrs was provided by Energy
+Ventures with an additional one mln dlrs contributed by Simmons.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19199" NEWID="2781">
+<DATE> 6-MAR-1987 13:55:07.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0141&#31;reute
+s f BC-ALUMINUM-CO-OF-AMERIC   03-06 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALUMINUM CO OF AMERICA &lt;AA> REGULAR DIVIDEND</TITLE>
+<DATELINE>    PITTSBURGH, March 6 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts in prior qtr
+    Payable May 25
+    Record May one
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19200" NEWID="2782">
+<DATE> 6-MAR-1987 13:55:52.91</DATE>
+<TOPICS><D>gold</D><D>platinum</D><D>palladium</D><D>nickel</D><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0142&#31;reute
+r f BC-&lt;TECHNIGEN-PLATINUM-C   03-06 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TECHNIGEN PLATINUM CORP> IN METALS FIND</TITLE>
+<DATELINE>    VANCOUVER, March 6 - </DATELINE><BODY>Technigen Platinum corp said it
+initial results of a 13-hole drilling program on its R.M. Nicel
+platinum property in Rouyn-Noranda, Quebec, indicate
+"extensive" near-surface zones "highly" enriched in gold,
+platinum and palladium were found in rocks on the periphery of
+a sulphide deposit.
+    It said values of up to 0.073 ounce of platinum, 0.206
+ounce palladium, three pct copper and 4.5 pct nickel were found
+over a drill section of 13 feet.
+                  
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19201" NEWID="2783">
+<DATE> 6-MAR-1987 13:58:05.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0147&#31;reute
+u f BC-SIEMENS-WANTS-TO-AMEN   03-06 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIEMENS WANTS TO AMEND TELECOM PLUS &lt;TELE> PACT</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 6 - </DATELINE><BODY>Telecom Plus International Inc
+said &lt;Siemens AG>'s Siemens Information Systems wants to amend
+its agreement to purchase Telecom's 65 pct interest in Tel Plus
+Communications to delay payment of 25 mln dlrs for 11 months.
+    Telecom's shareholders are scheduled to vote on the 165 mln
+dlr transaction Monday.
+    Telecom said it advised Siemens it intends to close the
+transaction on March 16, as scheduled, if it is approved by
+shareholders. A spokesman said this means Telecom will decide
+before the 16th whether or not to accept the proposed change.
+    Explaining its request for the amendment, Siemens informed
+Telecom it had recently become aware of information causing
+concern with respect to certain accounting and other matters.
+    Siemens said it will therefore need to continue its review
+beyond March 16 to determine whether certain representations
+and warranties are true.
+    Telecom said it advised Siemens it knows of no information
+which would make its representations and warranties untrue.
+    Siemens already owns the remaining 35 pct of Tel Plus. The
+65 pct represenmts Telecom's principal operating asset.
+    A Telecom spokesman said the agreement calls for payment of
+all but 29 mln dlrs of the price at closing. Of this, 21 mln
+dlrs was to be paid 11 months later and two mln dlrs per year
+on the anniversary date of the transaction.
+    He said Siemens is now proposing that 25 mln dlrs be added
+to the 21 mln dlrs to be paid in 11 months.
+    Telecom said the proposed amendment would also permit
+Siemens to defer repayment of up to an additional 50 pct of
+certain intercompany debt until completion of the review.
+Telecom said it estimates this to ba about 15 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19202" NEWID="2784">
+<DATE> 6-MAR-1987 13:59:24.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0149&#31;reute
+b f BC-******LUCKY-STORES-SA   03-06 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LUCKY STORES SAYS IT AND INVESTOR EDELMAN REACHED STANDSTILL AGREEMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19203" NEWID="2785">
+<DATE> 6-MAR-1987 14:03:30.77</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D><D>ghana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0161&#31;reute
+d f BC-PIONEER-GROUP-UNIT-GE   03-06 0146</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIONEER GROUP UNIT GETS MORE GHANA GOLD LAND</TITLE>
+<DATELINE>    BOSTON, March 6 - </DATELINE><BODY>The Pioneer Group Inc said its 70
+pct-owned Teberebie Goldfields Ltd venture was granted an
+additional concession of land in Ghana to seek and mine gold.
+    The State Gold Mining Corp of Ghana granted the venture an
+additional 14.5 square kilometers in Teberebie, Ghana,
+contiguous to 11.5 square kilometers granted earlier.
+    The original concession appears to have a substantial
+amount of gold bearing material containing about 2 grams, or
+6/100 ounces, of gold per tonne. But the venture has no firm
+estimate on the costs of extracting the gold and no assurances
+can be given that the reserves can be mined profitably, the
+company said. It said Teberebie Goldfields has not conducted
+tests on the newly granted land but added the land seems to be
+similar in geological characteristics to the original land.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19204" NEWID="2786">
+<DATE> 6-MAR-1987 14:07:13.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0169&#31;reute
+r f BC-DEBT-COUNTER-PROPOSAL   03-06 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEBT PROPOSAL FAULTED BY ARGENTINE OBSERVER</TITLE>
+<DATELINE>    BUENOS AIRES, March 6 - </DATELINE><BODY>A counter-proposal from creditor
+banks to Argentina's request for rescheduling its 50 billion
+dlr foreign debt was faulty, an Argentine observer at
+negotiations said.
+    "The negotiations are not going to prosper if (the creditor
+banks) do not change the counter-proposal put to Argentina, as
+it is a Swiss cheese full of holes," ruling Radical Party Deputy
+Raul Baglini said.
+    Baglini, who was recently observing negotiations with the
+steering committee for Argentina's creditor banks in New York,
+spoke to reporters in Mendoza, 600 miles west of Buenos Aires.
+    Baglini said the counter-proposal did not take into account
+Argentina's request for a 2.15 billion dlr loan to meet four
+pct growth targets in 1987.
+    He said the steering committee wanted only to discuss some
+aspects of the request, while Argentina's negotiators were
+laying emphasis on a global pacakge.
+    The United States said last week it would back a 500 mln
+dlr bridge loan to Argentina.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19205" NEWID="2787">
+<DATE> 6-MAR-1987 14:11:25.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0180&#31;reute
+s f BC-INTERNATIONAL-MULTIFO   03-06 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL MULTIFOODS CORP &lt;IMC> DIVIDEND</TITLE>
+<DATELINE>    MINNEAPOLIS, March 6 -
+    </DATELINE><BODY>Qtly div 29-1/2 cts vs 29-1/2 cts prior
+    Pay April 15
+    Record March 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19206" NEWID="2788">
+<DATE> 6-MAR-1987 14:15:32.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0190&#31;reute
+d f BC-IBM-&lt;IBM>-NAMES-NEW-P   03-06 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> NAMES NEW PRESIDENT FOR DIVISION</TITLE>
+<DATELINE>    ARMONK, N.Y., March 6 - </DATELINE><BODY>International Business Machines
+Corp said it has named James A. Cannavino president of its Data
+Systems Division, succeeding IBM vice president, Edward M.
+Davis, who is retiring June 30 and until then will be IBM vice
+president, technology competitiveness.
+    The Data Systems Division is responsible for worldwide
+development and U.S. manufacturing of IBM's large systems and
+associated software.
+    Cannavino had been vice president of the division and
+general manager of the IBM Poughkeepsie, N.Y., manufacturing
+and development facility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19207" NEWID="2789">
+<DATE> 6-MAR-1987 14:15:50.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0191&#31;reute
+r f BC-HADSON-CORP-&lt;HADS>-4T   03-06 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HADSON CORP &lt;HADS> 4TH QTR NET</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 6 -
+    </DATELINE><BODY>Shr profit four cts vs loss 99 cts
+    Net profit 545,000 vs loss 13.1 mln
+    Revs 75.3 mln vs 37.9 mln
+    Avg shrs 14.8 mln vs 13.1 mln
+    Year
+    Shr profit 34 cts vs profit 34 cts
+    Net profit 4,908,000 vs profit 4,487,000
+    Revs 216.8 mln vs 117.7 mln
+    Avg shrs 14.6 mln vs 13.1 mln
+    NOTE: 1985 net included gain on sale of foreign properties
+of 15.5 mln dlrs or 1.19 dlrs per share and a writedown of oil
+and gas properties of 12.5 mln dlrs or 96 cts per share. 1985
+4th qtr net included writedowns of oil and gas properties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19208" NEWID="2790">
+<DATE> 6-MAR-1987 14:17:15.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0194&#31;reute
+u f AM-BRAZIL-DEBT   03-06 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUNARO SAYS CREDITORS WILLING TO HELP BRAZIL</TITLE>
+<DATELINE>    BRASILIA, March 6 - </DATELINE><BODY>Finance Minister Dilson Funaro,
+currently on a global tour to seek governmental support for his
+efforts to solve Brazil's 108 billion dlrs foreign debt crisis,
+said creditors have expressed willingness to help.
+    In an interview with the Globo television network,
+transmitted from Rome, Funaro said he had proposed a "four-year
+plan" to the creditors, which would include a rescaling of the
+commitments derived from its debt.
+    After visiting the U.S., England, France, West Germany,
+Italy and Switzerland, Funaro is now on his way to Tokyo, where
+he is to arrive on Sunday for talks with Japanese government
+officials as well as private bankers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19209" NEWID="2791">
+<DATE> 6-MAR-1987 14:17:33.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0196&#31;reute
+u f BC-/LUCKY-STORES-&lt;LKS>,   03-06 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUCKY STORES &lt;LKS>, EDELMAN IN STANDSTILL PACT</TITLE>
+<DATELINE>    DUBLIN, Calif., March 6 - </DATELINE><BODY>Lucky Stores Inc said it and
+investor Asher Edelman agreed on a settlement that prohibits
+Edelman and his group from taking specified actions to obtain
+control of the company and that limits the Edelman group's
+ownership of Lucky's stock to less than five pct of any voting
+securities.
+    The arrangement also provides for the dismissal of pending
+litigation between the parties, Lucky Stores said.
+    The settlement also calls for the withdrawal of Edelman's
+motion to intervene in pending shareholder actions against
+Lucky Stores and its directors, the company said.
+    In addition, the standstill provisions also apply to
+Hancock Fabrics after it is spun off to Lucky stockholders, the
+company said.
+    Lucky Stores said the arrangement also calls for the
+company to submit to stockholders at a special meeting set for
+December 31 a proposal from Edelman seeking their views
+concerning repeal of a charter provision that limits the voting
+power of substantial Lucky stockholders.
+    Edelman, who owns about five pct of Lucky Stores' stock,
+last year was rebuffed in his effort to acquire the company.
+    Last October Lucky Stores implimented a restructuring
+program that included the repurchase of 28 pct of its own
+common shares and reincorporation in Delaware.
+    The spinoff of Hancock Textile Co, a chain of 324 retail
+stores, was one of the key parts of the restructuring program.
+    Edelman and his Plaza Securities Co partnership
+subsequently sued in an attempt to block the proposed
+reincorporation, which was a condition of the repurchase and
+restructuring plan.
+    Under this latest arrangement, Lucky Stores said it agreed
+to reimburse the Edelman group for 2.8 mln dlrs of
+out-of-pocket expenses, which include litigation and other
+costs.
+    "This agreement serves the interests of Lucky stockholders
+by avoiding the significant cost of continued litigation and
+the accompanying demands on management time," Lucky Stores
+chairman John Lillie said in a statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19210" NEWID="2792">
+<DATE> 6-MAR-1987 14:17:56.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0198&#31;reute
+u f BC-ATT-&lt;T>-PHONE-PROPOSA   03-06 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> PHONE PROPOSAL TO HELP PROFITS</TITLE>
+<AUTHOR>    By Samuel Fromartz, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>American Telephone and Telegraph Co's
+proposal to deregulate its long distance phone service is
+unlikely to produce a radical change in phone rates, but it
+should help the company's profits, analysts said.
+    "Deregulation will mean more pricing discounts for large
+volume users, but status quo for residential users," said
+PaineWebber Group analyst Jack Grubman.
+    But the proposals will scrap the pricing formula that has
+constrained the company's profits in the long distance
+business, leading to higher profit margins, analysts said.
+    ATT has long pushed for deregulation of its long-distance
+business, the profits of which have been limited by a regulated
+rate-of-return on the company's investments. The rate was cut
+last year to 12.20 from 12.75 pct.
+    Earlier today the company proposed to the Federal
+Communications Commission to scrap the formula, cut the amount
+of time needed to approve rate proposals, and leave it up to
+its competitors to oppose it filings.
+    MCI Communications Corp &lt;MCIC> made a similar filing
+yesterday, saying greater the moves would increase competition
+in the telephone business.
+    Analysts said the proposals will allow ATT to cut costs in
+the long-distance unit, and increase its profit margins
+previously constrained by the rate of return. But many said
+they did not expect the proposals to lead to higher prices in
+the industry, simply because of the competition the phone
+industry giant faces.
+    "You probably wouldn't see as much of a price decline,"
+said Gartner Group analyst Fritz Ringling. "But you wouldn't
+see a rise." Grubman said the proposals will allow ATT to
+selectively raise or lower prices, depending on the market. "It
+will give ATT a lot more flexibility," he said.
+    ATT now faces a period of comment in which a number of
+companies will be able to respond to the proposals in FCC
+hearings.
+    It may face at least one strong opponent, U.S. Sprint, the
+long distance joint venture between GTE Corp &lt;GTE> and United
+Telecommunications Inc &lt;UT>.
+    "We think the Congress of the FCC should establish a
+reasonable rate of return. Someone should establish it," a U.S.
+Sprint spokesman said. But he added the company was not opposed
+to greater competition.
+    It may also take some time for the proposals to go through,
+and in the process they may be altered by the various
+constituencies affected by the move.
+    "There's so much complexity, so much inertia, so much
+bureacracy, that stricly speaking about the mechanisms, it
+won't happen that fast," said analyst Victor Krueger of the
+Gartner Group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19211" NEWID="2793">
+<DATE> 6-MAR-1987 14:19:40.61</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0206&#31;reute
+u f BC-CME-SETS-MAY-29-START   03-06 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME SETS MAY 29 START FOR LUMBER FUTURES OPTIONS</TITLE>
+<DATELINE>    CHICAGO, March 6 - </DATELINE><BODY>The Chicago Mercantile Exchange (CME)
+board of governors announced today the options on Random Length
+lumber futures will begin trading on May 29.
+    The contract received Commodity Futures Trading Commission
+(CFTC) approval on January 21 after being submitted for review
+last October 13.
+    Initially, only January, March and May delivery months will
+be listed for trading. The size of the underlying futures
+contract is 130,000 board feet. Regular trading hours for the
+contract will be from 0900 to 1305 Central Time. However, on
+the first day of trading the market will open at 1000.
+    On March 4 the CME board amended the contract to eliminate
+Christmas Eve expirations for the January option. This
+amendment has been submited to the CFTC, the CME said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19212" NEWID="2794">
+<DATE> 6-MAR-1987 14:19:57.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0209&#31;reute
+f f BC-******TWA-CONFIRMS-OW   03-06 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TWA CONFIRMS OWNERSHIP OF 15 PCT OF USAIR GROUP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19213" NEWID="2795">
+<DATE> 6-MAR-1987 14:21:04.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0214&#31;reute
+r f AM-GROUNDED   03-06 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. NAVY GROUNDS SOME A-6 ATTACK JETS</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The Navy last month grounded half of
+its A-6E attack jets for wing inspections after a California
+accident but has since returned half of the grounded planes to
+service, a Navy spokesman said.
+    Kevin Mukri said 186 of the Navy's 340 A-6E aircraft, built
+by Grumman Corp, were grounded on Feb. 20 after a Jan. 14 A-6E
+crash during a training flight near El Centro, Calif., which
+killed one of two crewmen aboard.
+    "A subsequent inspection of the wreckage at the Naval
+Research Laboratory in Washington showed an apparent inner wing
+stress problem," Mukri told Reuters.
+    "Ninety-seven of the grounded planes have since undergone
+visual inspections and 91 of those have been cleared to return
+to service," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19214" NEWID="2796">
+<DATE> 6-MAR-1987 14:25:55.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0221&#31;reute
+u f AM-REAGAN-TAPES   03-06 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN INVESTIGATORS SEEK REAGAN TAPES</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The House and Senate committees
+investigating the Iran arms scandal said they would like to
+review tapes of phone conversations between President Reagan
+and White House officials, if such tapes exist.
+    The committees were responding to a magazine article
+that quoted unidentified "sources with first-hand knowledge of
+U.S. communications intelligence" as saying there is an archive
+of recorded conversations among Reagan administration
+officials, including the president.
+    The article in Progressive magazine also said the
+government had secretly monitored the home telephone of former
+National Security adviser Robert McFarlane after he had left
+government service in late 1985.
+    "According to sources with first hand knowledge of U.S.
+communications intelligence operations," the story said, "the
+McFarlane intercept grew out of a program that has produced a
+still-undisclosed archive of recorded conversations involving
+... Reagan, Vice President George Bush, (fired National
+Security Council aide) Lt Col Oliver North, (former National
+Security Adviser) Adm John Poindexter, (former White House
+Chief of Staff) Donald Regan and other key figures in the
+Iran-contra arms scandal."
+    It said the monitoring was done for security and record
+purposes by the top-secret National Security Agency (NSA), and
+was apparently done with the consent of those monitored.
+    But White House spokesman Marlin Fitzwater denied one
+premise of the article, saying, "The National Security Agency
+said it did not monitor any of McFarlane's conversations."
+    He did not comment on the other recorded conversations the
+Progressive article said were included in the program.
+    "Clearly we would be interested in taking a look if indeed
+such tapes exist," a Senate Iran committee aide told Reuters in
+response to the magazine article.
+    A spokesman for the House Iran committee said the panel
+would consider a request to the NSA for copies of the
+telephone-tap archive described in the article.
+    Several legislators said the tapes, if it is confirmed that
+they exist, could prove invaluable to the special House and
+Senate committees that were created in January to investigate
+Reagan's most damaging political crisis.
+    "This sort of evidence could be absolutely crucial in
+getting to the bottom of the affair," said Rep. Robert
+Kastenmeier, a Wisconsin Democrat and member of the House
+Intelligence Committee, told Reuters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19215" NEWID="2797">
+<DATE> 6-MAR-1987 14:30:18.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0227&#31;reute
+d f BC-STRUTHERS-WELLS-&lt;SUW>   03-06 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRUTHERS WELLS &lt;SUW> SEES 1986 NOV 30 LOSS</TITLE>
+<DATELINE>    WARREN, Pa., March 6 - </DATELINE><BODY>Struthers Wells Corp said it expects
+to report a loss, without tax benefit, of about 16 mln dlrs for
+the fiscal year ended November 30, 1986, versus a profit of
+295,000 dlrs in fiscal 1985.
+    The company added, however, that about 13.6 mln dlrs of the
+loss relates to discontinued operations and disposal of
+subsidiaries.
+    The company said the loss is part of its previously
+announced restructuring that includes the sale of its foreign
+and domestic units.
+    Struthers added that it has filed with the Securities and
+Exchange Commission for an extension to file its annual report
+on form 10-K as a result of delays caused by the restructuring.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19216" NEWID="2798">
+<DATE> 6-MAR-1987 14:42:56.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0252&#31;reute
+f f BC-******SOROS-GROUP-TEL   03-06 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SOROS GROUP TELLS SEC IT MAY BUY UP TO 49.9 PCT OF FAIRCHILD INDUSTRIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19217" NEWID="2799">
+<DATE> 6-MAR-1987 14:44:08.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>icahn</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0253&#31;reute
+b f BC-/TWA-&lt;TWA>-CONFIRMS-O   03-06 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> CONFIRMS OWNERSHIP OF USAIR &lt;U> STOCK</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Trans World Airlines Inc said it owns
+more than four mln USAir Group shares or about 15 pct of the
+total outstanding.
+    TWA said it may acquire additional shares in the open
+market, in private transactions, through a tender offer or
+otherwise, subject to Department of Transportation approval.
+    TWA has offered 52 dlrs per share for USAir Group. USAir
+rejected the offer yesterday, calling it a last-minute attempt
+to interfere with its takeover of Piedmont Aviation Inc.
+    A TWA spokesman said the company has filed an application
+for approval on its offer to buy USAir with the Department of
+Transportation, and later today it will file a response to
+USAir's motion with the DOT to dismiss the TWA application.
+    TWA said it made the statement today on its stock position
+in USAir in response to inquiries.
+    Traders said they believed TWA Chairman Carl Icahn was the
+buyer of an 855,000 share block crossed today by Salomon
+Brothers.
+    USAir stock was trading at 50-3/4, up 2-1/4 on heavy volume
+of 3.1 mln shares. TWA stock fell 3/8 to 30-5/8.
+    While analysts and arbitragers have speculated that Icahn
+may have made the offer for USAir in order to trigger the
+acquisition of his own airline, Wall Street today began to take
+Icahn's effort more seriously.
+    "I think he's going to be the next Frank Lorenzo of Wall
+Street," said one market source. Lorenzo, chairman of Texas
+Air, has added to his airline with the acquisitions of Eastern
+Airlines and People Express Airlines.
+    There was also speculation that Icahn would like to buy
+USAir and then sell TWA as a merged company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19218" NEWID="2800">
+<DATE> 6-MAR-1987 14:44:52.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0254&#31;reute
+d f BC-SILVER-STATE-MINING-&lt;   03-06 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SILVER STATE MINING &lt;SSMC> CORRECTS NET</TITLE>
+<DATELINE>    DENVER, March 6 - </DATELINE><BODY>Silver State Mining Corp said it has
+corrected its 1986 fourth quarter net income to 485,380 dlrs
+from 528,790 dlrs reported earlier today.
+    The company earned 286,969 dlrs in last year's fourth
+quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19219" NEWID="2801">
+<DATE> 6-MAR-1987 14:52:35.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0284&#31;reute
+b f BC-******STEWART-WARNER   03-06 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>STEWART-WARNER CORP 4TH QTR SHR LOSS 3.86 DLRS VS PROFIT 37 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19220" NEWID="2802">
+<DATE> 6-MAR-1987 14:54:14.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0285&#31;reute
+b f BC-/GROUP-TO-BOOST-FAIRC   03-06 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP TO BOOST FAIRCHILD INDUSTRIES (FEN) STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>An investor group led by New York
+investor George Soros said it was dissatisfied with Fairchild
+Industries Inc management and was considering boosting its
+holdings to as much as 49.9 pct of the aerospace and aviation
+company's outstanding stock.
+    The group already controls 1,647,481 Fairchild Industries
+shares or 11.5 pct of the total outstanding.
+    The group said it filed on Wednesday with federal antitrust
+regulators for advance clearance to buy enough additional
+shares to increase its total stake to up to 49.9 pct of the
+total outstanding stock.
+    The group said its representatives had met with Fairchild
+Industries officials to inform them "that they do not believe
+management has been successful in enhancing or protecting
+shareholder values."
+    It said it was considering the additional share purchases
+to enable it to "assert a greater degree of influence over the
+future management and policies of the issuer."
+    It said a decision on the specific level of share ownership
+it would seek depended on market prices, future changes in
+management policies, available financial resources and other
+factors.
+    The group said it also reserved the right to pursue other
+measures intended to influence Fairchild management and
+policies, either alone or in concert with other investors.
+    The group includes Soros and Quantum Fund, an offshore
+investment firm headquartered in Curacao, Netherlands Antilles
+that is advised by Soros.
+    The group said that since its last SEC filing, made Jan. 2,
+it had purchased no additional Fairchild shares and had sold
+6,700 shares on the New York Stock Exchange Jan. 19.
+    A Fairchild Industries official later said Soros had told
+the company he was not dissatisfied with its management.
+    "Contrary to the filing, Mr. Soros has told the company
+today that he is not dissatisfied with management," Fairchild's
+Bill Fulwider told Reuters.
+    However, Fulwider said the company would have nothing to
+say at this time about Soros' disclosure that he may buy up
+enough additional Fairchild shares to hold as much as 49.9 pct
+of the company's outstanding stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19221" NEWID="2803">
+<DATE> 6-MAR-1987 14:59:07.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0296&#31;reute
+b f BC-PAYLESS-CASHWAYS-&lt;PCI   03-06 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAYLESS CASHWAYS &lt;PCI> SEES BETTER FIRST QTR</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Payless Cashways Inc chairman David
+Stanley told analysts the company's first quarter results to be
+reported March 17 will be better than the seven cts per share
+reported in the year ago quarter.
+    "It was not a wonderful sales quarter, but it only
+represents 14 pct of the year's total results," Stanley said.
+    Stanley also said that 1987 full year sales will be in
+excess of 1.8 billion dlrs as compared to the 1.5 billion dlrs
+reported in 1986. He also said that analysts' estimates of 1.55
+dlr per shr for 1987 "are not crazy."
+    Payless reported net income of 1.22 dlr per share in 1986.
+    "The economy may not get a lot better, but we expect our
+advantages in the lumber industry and cost cutting measures to
+keep us competitive," Larry Kunz, chief financial officer,
+said.
+     The company acquired Knox Lumber Co for about 24.3 mln
+dlrs in October 1986.
+    Stanley said the company's stronger-than-optimal balance
+sheet will enable it to make further acquisitions but no
+negotiations are going on at the current time.
+    He said some benefits of a new management information
+system will be felt in 1987 and more substantially in 1988.
+   
+REUTER...^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19222" NEWID="2804">
+<DATE> 6-MAR-1987 15:01:14.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0301&#31;reute
+f f BC-******FED'S-HELLER-UR   03-06 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S HELLER URGES COMPREHENSIVE OVERHAUL OF FINANCIAL SYSTEM REGULATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19223" NEWID="2805">
+<DATE> 6-MAR-1987 15:02:46.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0308&#31;reute
+b f BC-/FED'S-HELLER-URGES-O   03-06 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S HELLER URGES OVERHAUL OF FINANCIAL SYSTEM</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Federal Reserve Board Governor Robert
+Heller said the U.S. legal and regulatory framework of the U.S
+financial system needs a complete overhaul so American banks
+can be more competitive in international markets.
+    "It has become abundantly clear that our financial system
+must be overhauled to bring it up to the standard that will be
+required if we are to remain the leading financial power of the
+world in the coming years," Heller said in a speech prepared for
+delivery to a financial services industry conference.
+    Heller said a patchwork approach to changing the nation's
+banking and financial services laws will not work.
+    "Instead, a comprehensive overhaul of the entire financial
+system is called for," he said.
+    Heller said he was encouraged that Congress would take a
+comprehensive look at reforming the nation's banking laws after
+they enact legislation now pending that would recapitalize the
+Federal Savings and Loan Insurance Corp and give federal
+regulators more power to deal with failing banks.
+    Heller said he liked the concept of the financial services
+holding company, which would allow a bank to exist side by side
+with other financial services companies. He said that would end
+the debate on securities powers for banks.
+    "The holding company may own both a securities house and a
+bank, so that both services may be provided to the same
+customer, subject to safeguards against conflicts of interest,"
+he said.
+    Such an institution be in a better position to compete in
+the financial services markets around the globe, he said.
+    Heller said he expects world trade to expand more rapidly
+that domestic production and that traditional trade finance
+should grow with it.
+    "It may be time to dust off the old letters of credit and to
+prepare for an increase in traditional export financing
+opportunities," Heller said.
+    But he warned that protectionist sentiments could "kill the
+golden goose that is about to provide new profit opportunities
+for international traders and bankers alike that will benefit
+consumers by providing them with cheaper goods."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19224" NEWID="2806">
+<DATE> 6-MAR-1987 15:07:15.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0329&#31;reute
+b f BC-STEWART-WARNER-CORP-&lt;   03-06 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEWART-WARNER CORP &lt;STX> 4TH QTR LOSS</TITLE>
+<DATELINE>    CHICAGO, March 6 -
+    </DATELINE><BODY>Shr loss 3.86 dlrs vs profit 37 cts
+    Net loss 24,973,000 vs profit 2,389,000
+    Sales 62.5 mln vs 65.3 mln
+    Year
+    Shr loss 3.22 dlrs vs profit 1.32 dlrs
+    Net loss 20,861,000 vs profit 8,515,000
+    Sales 268.0 mln vs 272.7 mln
+    NOTE: 1986 earnings include a provision for restructuring
+costs of 23,675,000 dlrs, or 3.66 dlrs a share (pre-tax) and
+the effect of adoption of FASB 87 which reduced pension expense
+by 617,000 dlrs for the quarter and 1,817,000 dlrs for the year
+before taxes
+    Earnings include nonoperating income from the effect of
+nonrecurring gains of 1,811,000 dlrs in the 1st Qtr of 1986
+from the sale of its minority interest in Plexus Corp and
+1,480,000 dlrs in the 3rd Qtr of 1985 related to the sale of
+excess property
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19225" NEWID="2807">
+<DATE> 6-MAR-1987 15:08:33.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0333&#31;reute
+d f BC-MONITERM-CORP-&lt;MTRM>   03-06 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONITERM CORP &lt;MTRM> 4TH QTR LOSS</TITLE>
+<DATELINE>    MINNETONKA, Minn., March 6 -
+    </DATELINE><BODY>Shr loss 15 cts vs loss 11 cts
+    Net loss 632,000 vs loss 437,000
+    Revs 3,206,000 vs 2,650,000
+    Year
+    Shr loss 19 cts vs loss 24 cts
+    Net loss 793,000 vs loss 1,004,000
+    Revs 11.5 mln vs 14.4 mln
+    NOTE: Prior year figures restated to reflect merger in
+March 1986 with Amtron Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19226" NEWID="2808">
+<DATE> 6-MAR-1987 15:08:50.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0334&#31;reute
+u f BC-GATX-&lt;GMT>-TO-REPURCH   03-06 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATX &lt;GMT> TO REPURCHASE UP TO 750,000 SHARES</TITLE>
+<DATELINE>     CHICAGO, March 6 - </DATELINE><BODY>GATX Corp said it will buy back up to
+750,000 common shares in the open market from time to time
+within the next year.
+    Morgan Stanley and Co Inc will act as agent.
+    As of December 31, 1986, GATX had nine mln shares
+outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19227" NEWID="2809">
+<DATE> 6-MAR-1987 15:09:31.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0336&#31;reute
+s f BC-THE-CHUBB-CORP-&lt;CB>-S   03-06 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE CHUBB CORP &lt;CB> SETS QTRLY PAYOUT</TITLE>
+<DATELINE>    WARREN, N.J., March 6 -
+    </DATELINE><BODY>Qtrly 42 cts vs 42 cts prior
+    Pay April 7
+    Record March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19228" NEWID="2810">
+<DATE> 6-MAR-1987 15:10:22.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0337&#31;reute
+r f BC-SOUTHTRUST-&lt;SOTR>-TO   03-06 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHTRUST &lt;SOTR> TO ACQUIRE FOUR BANKS</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., March 6 - </DATELINE><BODY>SouthTrust Corp, a 5.1 billion
+dlr multibank holding company, said it entered into agreements
+to acquire four Florida banks with assets totalling more than
+233.2 mln dlrs.
+    Terms of the agreements were not disclosed.
+    The four banks are: Central Bank of Volusia County, with
+assets of 59.3 mln dlrs, Bank of Pensacola with assets of 63.8
+mln dlrs, and Vista Bank, which operates Vista Bank of Volusia
+County with assets of 37.8 mln dlrs and Vista Bank of Marion
+County with assets of 72.3 mln dlrs.
+    It said the agreements are subject to regulatory approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19229" NEWID="2811">
+<DATE> 6-MAR-1987 15:10:25.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0338&#31;reute
+f f BC-carling-o'keefe   03-06 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CARLING O'KEEFE SELLS STAR OIL UNIT TO UNITED COAL CANADA FOR 57 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19230" NEWID="2812">
+<DATE> 6-MAR-1987 15:13:44.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0350&#31;reute
+r f BC-ADVANCED-TELECOMMUNIC   03-06 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED TELECOMMUNICATIONS REDEEMS DEBENTURES</TITLE>
+<DATELINE>    ATLANTA, March 6 - </DATELINE><BODY>Advanced Telecommunications Corp &lt;ITEL>
+said it called for the redemption on April 10, 1987, of all its
+eight pct convertible subordinated debentures due 2006.
+    The company said the redemption price is 1,080 dlrs per
+1,000 dlrs of principal amount of debentures plus accrued
+interest from Feb One, 1987 to April 10, 1987.
+    The company said the debentures are convertible into ATC's
+common stock at 8.25 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19231" NEWID="2813">
+<DATE> 6-MAR-1987 15:14:07.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0351&#31;reute
+u f BC-HUGHES-TOOL-&lt;HT>-UP-O   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES TOOL &lt;HT> UP ON MERGER SPECULATION</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Hughes Tool Co rose one to 12-1/4 on
+1,658,000 shares, apparently reflecting a belief that Baker
+International Corp &lt;BKO> will be able to persaude Hughes to go
+along with a previously announced merger, analysts said.
+    This week Hughes seemed to back out of the merger but then
+said it was still interested in talking.
+    "It sounds like Baker wants it and if people are convinced
+a deal is going to go through the stock goes up," said analyst
+Phil Pace of Kidder, Peabody and Co. Holders of Hughes would
+get 0.8 share of Baker for each Hughes share. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19232" NEWID="2814">
+<DATE> 6-MAR-1987 15:14:57.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0356&#31;reute
+r f BC-ADVANCED-TELECOMMUNIC   03-06 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED TELECOMMUNICATIONS &lt;ATEL> IN REDEMPTION</TITLE>
+<DATELINE>    ATLANTA, March 6 - </DATELINE><BODY>Advanced Telecommunications Corp said it
+has called for redemption on April 10 all of its eight pct
+convertible subordinated debentures due 2006 at 1,080 dlrs per
+1,000 dlrs principal amount plus accrued interest.
+    The debentures are convertible into common stock at 8.25
+dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19233" NEWID="2815">
+<DATE> 6-MAR-1987 15:15:42.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0357&#31;reute
+r f BC-AETNA-&lt;AET>-REACHES-A   03-06 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AETNA &lt;AET> REACHES AGREEMENT TO BUY COMPANY</TITLE>
+<DATELINE>    HARTFORD, Conn., March 6 - </DATELINE><BODY>Aetna Life and Casualty Co said
+it reached an agreement to acquire a 49 pct interest in
+Universal Life and General Insurance Sdn Bhd &lt;ULG>, a Malaysian
+composite insurance company.
+    The company said the 51 pct balance will continue to be
+owned by Malaysia Apera Group of private investors.
+    The transaction is valued at approximately 37.8 mln dlrs
+and is expected to be completed by March 31, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19234" NEWID="2816">
+<DATE> 6-MAR-1987 15:16:13.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0361&#31;reute
+r f BC-AMEX-STARTS-TRADING-E   03-06 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX STARTS TRADING ECOLOGY/ENVIRONMENT &lt;EEI></TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>The American Stock Exchange said it has
+started trading one mln Class A common shares of newly-public
+Ecology and Environment Inc, which provides services related to
+the management of hazardous and non-haxardous wastes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19235" NEWID="2817">
+<DATE> 6-MAR-1987 15:17:56.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>jamaica</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0369&#31;reute
+u f BC-JAMAICA-CORRECTS-SIZE   03-06 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMAICA CORRECTS SIZE OF PARIS CLUB RESCHEDULING</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>The Jamaican Information Service said
+the rescheduling agreement reached with the Paris Club of
+western government creditors covers 125.5 mln dlrs of debt and
+not 25.5 mln dlrs as it announced yesterday.
+    Under the accord, clinched on Thursday in Paris, 100 pct of
+the principal and 85 pct of the interest owed between April 1,
+1986, and March 31, 1988, is being rescheduled.
+    The debts due in 1986 are being treated as arrears and will
+be rescheduled over six years with 2-1/2 years' grace, while
+the rest of the debt will be rescheduled over 10 years with a
+5-1/2 year grace period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19236" NEWID="2818">
+<DATE> 6-MAR-1987 15:20:22.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0375&#31;reute
+r f BC-carling-o'keefe   03-06 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARLING O'KEEFE&lt;CKB> SELLS OIL UNIT, TAKES GAIN</TITLE>
+<DATELINE>    TORONTO, March 6 - </DATELINE><BODY>Carling O'Keefe Ltd said it sold its
+Star Oil and Gas Ltd unit to United Coal (Canada) Ltd for about
+57 mln dlrs cash.
+    Carling said it will record an extraordinary gain of about
+two mln dlrs after tax, or nine cts a common share resulting
+from the sale.
+    The company did not elaborate further on financial terms.
+    A Carling official later said in reply to an inquiry that
+Carling would record the extraordinary gain in its fourth
+quarter ending March 31.
+    The move came after Carling's 50 pct-owner &lt;Rothmans Inc>
+agreed last week to sell its Carling stake to &lt;Elders IXL Ltd>,
+of Australia, for 196.2 mln Canadian dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19237" NEWID="2819">
+<DATE> 6-MAR-1987 15:21:18.62</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D><D>uk</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0378&#31;reute
+u f AM-FERRY   03-06 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHANNEL FERRY REPORTED SINKING OFF BELGIUM</TITLE>
+<DATELINE>    VLISSINGEN, Netherlands, March 6 - </DATELINE><BODY>The channel ferry Herald
+of Free Enterprise from the British Townsend Thorensen company
+was sinking off the Belgian coast tonight with 463 people on
+board, the Dutch newsagency ANP reported today.
+    An unspecified number of people had fallen into the water,
+it said, quoting the pilot organisation in this south-western
+Dutch port city near the Belgian border.
+    It said the vessel had capsized after a collision but gave
+no more details.
+    Dan Kaakebeen a spokesman for the Dutch salvage firm Smit
+International told Reuters by telephone from Rotterdam that the
+vessel was just off the Belgian port of Zeebrugge with 463
+passengers and crew when the accident occurred at 1850 GMT.
+    Kaakebeen said the firm had one vessel at the scene and
+another on its way with divers on board.
+    A spokesman at the port authority of nearby Vlissingen said
+attempts were being made to pull the vessel into shallow
+waters.
+    Weather conditions were good with no fog or wind, and there
+were many other vessels in the area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19238" NEWID="2820">
+<DATE> 6-MAR-1987 15:21:51.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0380&#31;reute
+r f BC-PATRICK-PETROLEUM-CO   03-06 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PATRICK PETROLEUM CO &lt;PPC> YEAR LOSS</TITLE>
+<DATELINE>    JACKSON, Mich., March 6 -
+    </DATELINE><BODY>Shr loss 1.22 dlrs vs profit 27 cts
+    Net loss 8,812,432 vs profit 1,847,560
+    Revs 7,981,198 vs 10.3 mln
+    Avg shrs 7,187,941 vs 6,828,368
+    NOTE: Current year includes tax credit of 800,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19239" NEWID="2821">
+<DATE> 6-MAR-1987 15:22:41.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0382&#31;reute
+d f BC-MONITERM-&lt;MTRM>-SAYS   03-06 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONITERM &lt;MTRM> SAYS ORDER RATE STRENGTHENS</TITLE>
+<DATELINE>    MINNETONKA, Minn., March 6 - </DATELINE><BODY>Moniterm Corp said sales of
+its display system and color monitors in the first two months
+of this year have been strong compared with the fourth quarter
+of 1986, giving it confidence its sales target of 4.8 mln dlrs
+for the first quarter of 1987 is attainable.
+    It said sales of these products for January and February
+were a record 3.1 mln dlrs, it said.
+    For all of 1986 its sales were 11.5 mln dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19240" NEWID="2822">
+<DATE> 6-MAR-1987 15:24:18.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0384&#31;reute
+r f BC-MOBIL-&lt;MOB>-REORGANIZ   03-06 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> REORGANIZES U.S. EXPLORATION, OUTPUT</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Mobil Oil Corp said it is reorganizing
+its U.S. exploration and producing operations into a single
+affiliate, Mobil Exploration and Producing U.S. Inc, to be
+headquartered in Dallas, effective April one.
+    The Mobil Corp subsidiary said the operations are presently
+run from three affiliates located in Denver, New Orleans and
+Houston.
+    It said about 300 employees will be relocated to Dallas,
+adding these will be primarily in management, administrative
+and staff functions.
+    Mobil Oil said most technical and field operating people
+will remain at their current locations but some staff functions
+will be reduced.
+    Spokesmen were not immediately available for comment on the
+impact of any reductions.
+    The company said the new affiliate will comprise four
+producing divisions and six exploration divisions. Four of the
+exploration divisions will be located with producing divisions
+in Denver, Houston, New Orleans, and Midland, Texas. The
+remaining two will be in Oklahoma City and Bakersfield, Calif.
+    Mobil Oil said the reorganization will "enhance our
+profitability" by emphasizing technology and improved
+communications, adding it will be able to respond quickly to
+changes in business environment.
+    The company said C.E. Spruell, now vice president,
+international producing operations, has been appointed
+president and general manager of the new affiliate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19241" NEWID="2823">
+<DATE> 6-MAR-1987 15:24:32.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0385&#31;reute
+r f BC-DEBT-COUNTER-PROPOSAL   03-06 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE OBSERVER CRITICAL OF DEBT STANCE</TITLE>
+<DATELINE>    BUENOS AIRES, March 6 - </DATELINE><BODY>A counter-proposal from creditor
+banks to Argentina's request for rescheduling its 50 billion
+dlr foreign debt was full of holes, an Argentine observer at
+negotiations said.
+    "The negotiations are not going to prosper if (the creditor
+banks) do not change the counter-proposal put to Argentina, as
+it is a Swiss cheese full of holes," ruling Radical Party Deputy
+Raul Baglini said.
+    Baglini, who was recently observing negotiations with the
+steering committee for Argentina's creditor banks in New York,
+spoke to reporters in Mendoza, 600 miles west of Buenos Aires.
+    Baglini said the counter-proposal did not take into account
+Argentina's request for a 2.15 billion dlr loan to meet four
+pct growth targets in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19242" NEWID="2824">
+<DATE> 6-MAR-1987 15:25:21.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM A
+&#22;&#22;&#1;f0388&#31;reute
+u f BC-CANADA'S-MOVE-TO-SHOR   03-06 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA'S MOVE TO SHORTEN DEBT TERMS AIDS MARKET</TITLE>
+<AUTHOR>    By Russell Blinch, Reuters</AUTHOR>
+<DATELINE>    OTTAWA, March 6 - </DATELINE><BODY>The government's move to pare its huge
+financing costs by shortening debt maturities has left more
+room for other borrowers and sparked a lively market for
+treasury bills, senior market analysts said.
+    The Bank of Canada, Ottawa's fiscal agent in the
+marketplace, revealed this week that sharply reduced borrowing
+needs has allowed the shift toward shorter bond terms and
+heavier emphasis on the weekly treasury bill auction, issued in
+terms of up to one year.
+    "The aggressive use of the treasury bill program has meant
+that the government is now able to maintain lower cash balances
+and lower financing costs," the Bank of Canada said in its 1986
+annual report released this week.
+    The government has said its budget deficit financing
+requirements will fall to 24 billion dlrs in the fiscal year
+ending March 31, 1987, from 30 billion dlrs the prior year.
+Projected fiscal 1988 requirements are 21.3 billion dlrs.
+    The bank said that of last year's 19 new government bond
+issues, nearly two-thirds were for maturities of less than 10
+years. Greater use was also made of bond auctions to market new
+issues with terms in the two- to five-year range.
+    Meanwhile, treasury bills outstanding at year end totalled
+nearly 70 billion dlrs, an increase of 10.3 billion dlrs over
+the year and 20 billion dlrs since 1984.
+    Although the amount of money saved from moving away from
+the long bonds was not disclosed, bond experts believe it was
+considerable because of the much lower interest premiums paid
+on short term debt.
+    But market watchers were unsure what affect the move will
+have on Japanese investors--who have been snapping up Canadian
+bonds at a record clip--because of their traditional preference
+for long term financings.
+    Bond traders said the Japanese, who purchased a record 9.5
+billion dlrs of Canadian bonds last year, have adapted to the
+changes by buying longer term provincial issues and shifting to
+the medium term issues offered by Ottawa.
+    "Their (Japanese) buying over the course of the last six
+months has been very much concentrated in the medium term
+maturities," noted one Canadian bond trader who asked not to be
+identified.
+    Yet there was some concern a shortage could eventually
+develop for bonds that mature in 10 or more years.
+    Said David Gluskin, vice-president of Nesbitt Thomson
+Bongard Inc, "When interest rates finally seem to have stopped
+going down, there is going to be a flood of people trying to
+lock in the long end and not everyone will be able to get in
+the door."
+    But bonds analysts said at the moment with interest rates
+trending down, investors appear to welcome the change,
+especially the greater treasury bill financing.
+    "The wholesale market in treasury bills is very active,"
+said Michael Berry, vice-president of the securities firm,
+Walwyn Stodgell Cohran Murray Ltd.
+    The change also improves receptivity in the market for
+other borrowers, including provincial governments, the big
+utilities and corporations.
+    "There doesn't seem to any lack of bonds in the longer end
+now, that also may be the result that any percieved shortage
+has probably been taken up by provincial funding activities,"
+commented Berry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19243" NEWID="2825">
+<DATE> 6-MAR-1987 15:26:13.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0391&#31;reute
+d f BC-EPITOPE-INC-&lt;EPTO>-1S   03-06 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EPITOPE INC &lt;EPTO> 1ST QTR DEC 31 LOSS</TITLE>
+<DATELINE>    BEAVERTON, Ore., March 6 -
+    </DATELINE><BODY>Shr loss 24 cts vs loss nine cts
+    Net loss 216,697 vs loss 47,344
+    Sales 144,403 vs 118,391
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19244" NEWID="2826">
+<DATE> 6-MAR-1987 15:26:43.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0394&#31;reute
+d f BC-&lt;CLARY-CORP>-4TH-QTR   03-06 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CLARY CORP> 4TH QTR DEC 31 LOSS</TITLE>
+<DATELINE>    SAN GABRIEL, Calif., March 6 -
+    </DATELINE><BODY>Shr loss 12 cts vs loss 16 cts
+    Net loss 214,000 vs 309,000
+    Revs 3,056,000 vs 2,545,000
+    Year
+    Shr loss 43 cts vs loss nine cts
+    Net loss 754,000 vs loss 159,000
+    Revs 11.4 mln vs 11.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19245" NEWID="2827">
+<DATE> 6-MAR-1987 15:28:47.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0398&#31;reute
+r f BC-LLOYDS-BANK-CANADA-1S   03-06 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLOYDS BANK CANADA 1ST QTR PROFIT RISES SHARPLY</TITLE>
+<DATELINE>    TORONTO, March 6 - </DATELINE><BODY>Lloyds Bank Canada, a unit of &lt;Lloyds
+Bank International PLC>, said net profit soared to 3,053,000
+dlrs for the first quarter ended January 31 from 9,000 dlrs a
+year earlier.
+    Loan loss provisions, a mandatory five-year averaging of
+actual loan losses, also rose in the first quarter to 6,375,000
+dlrs from year-ago 113,000 dlrs, the bank said.
+    Lloyds Bank Canada became Canada's largest foreign bank
+last autumn with its 200 mln Canadian dlr acquisition of
+Continental Bank of Canada.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19246" NEWID="2828">
+<DATE> 6-MAR-1987 15:32:37.81</DATE>
+<TOPICS><D>ship</D><D>gas</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0410&#31;reute
+r f AM-BRAZIL-STRIKES   03-06 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL STRIKES CAUSE GOVERNMENT MAJOR PROBLEMS</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SAO PAULO, Brazil, March 6 - </DATELINE><BODY>Strikes by Brazil's 40,000
+seamen and by petrol station owners in four states are causing
+major headaches to a government already wrestling with a debt
+crisis.
+    A week ago seamen began their first national strike for 25
+years and union leaders say they have seriously affected
+Brazilian exports by making idle 160 ships.
+    On February 20 the Brazilian government suspended interest
+payments on part of its huge foreign debt following a sharp
+deterioration in its trade balance.
+    Today the government faced a fresh problem, when most
+petrol station owners in Sao Paulo, the country's industrial
+heartland, and in three other states closed down to press for
+higher fuel prices.
+    There were fears that the combination of the two stoppages
+could lead to a serious fuel shortage.
+    The seamen's leaders say their strike has halted 48 of the
+72 ships belonging to the state oil company Petrobras.
+    The Jornal do Brasil newspaper, in an editorial today
+entitled "Dangerous Confrontation," said: "From the economic
+point of view the seamen's strike carries an alarming cost,
+with grave consequences for the supply situation and for the
+country's external trade."
+    The seamen are seeking a 275 pct pay rise and have rejected
+offers of up to 100 pct.
+    Later today the Higher Labour Tribunal in Brasilia is due
+to rule on whether the seamen's strike is legal. But a senior
+official of the National Merchant Marine Union, Jorge Luis Leao
+Franco, told Reuters that the strike would continue regardless
+of the tribunal's ruling.
+    Labour unrest has worsened in Brazil following the collapse
+over the last few months of the government's Cruzado Plan price
+freeze. Prices have been rising at about 15 pct a month. Not
+only workers but also businessmen are restive. Petrol station
+owners said many garages had closed indefinitely today in Sao
+Paulo, Parana, Mato Grosso and Mato Grosso do Sul.
+    Television reports said that in the Parana state capital of
+Curitiba petrol stations were only supplying fuel for
+exceptional cases such as ambulances and funeral processions.
+    Brazilian garage owners want to be allowed to raise their
+profits on alcohol fuel and petrol sales to 1.26 cruzados (six
+U.S. Cents) a litre from 0.56 cruzados (about 2.5 cents).
+    Queues formed at petrol stations in Sao Paulo late last
+night as motorists filled up their tanks while they still
+could.
+    Political sources said the government of President Jose
+Sarney was closely following the strikes and the overall fuel
+supply situation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19247" NEWID="2829">
+<DATE> 6-MAR-1987 15:33:53.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0418&#31;reute
+d f BC-FIRST-UNION-&lt;FUNC>-ST   03-06 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION &lt;FUNC> STARTS INVESTMENT NEWSLETTER</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 6 - </DATELINE><BODY>First Union Corp said its
+Capital Management Group has begun publishing an investment
+newsletter targeted to private investors.
+    The newsletter, Vision, will be published every three
+weeks. Annual subscriptions are 126 dlrs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19248" NEWID="2830">
+<DATE> 6-MAR-1987 15:35:12.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0420&#31;reute
+d f BC-LYPHOMED&lt;LMED>-TO-SEL   03-06 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYPHOMED&lt;LMED> TO SELL 100 MLN DLRS DEBENTURES</TITLE>
+<DATELINE>    ROSEMONT, ILL., March 6 - </DATELINE><BODY>LyphoMed Inc said it intends to
+file a registration statement with the Securities and Exchange
+Commission covering the sale of 70 mln dlrs principal amount of
+convertible subordinated debentures.
+    Concurrent with the debenture offering, LyphoMed said it
+plans to sell an additional 30 mln dlrs of debentures in
+Fujisawa Pharmaceutical Co Ltd, which currently owns about 30
+pct of the company's common stock.
+    It said the offering will be made only by prospectus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19249" NEWID="2831">
+<DATE> 6-MAR-1987 15:37:32.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0426&#31;reute
+r f BC-FRANKLIN-COMPUTER-COR   03-06 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN COMPUTER CORP &lt;FDOS> GETS COURT ORDER</TITLE>
+<DATELINE>    PENNSAUKEN, N.J., March 6 - </DATELINE><BODY>Franklin Computer Corp said it
+received a court order requiring the manufacturer and
+distributors of the Laser 128 personal computer to stop selling
+the computers with operating systems that are the subject of a
+recently filed copyright infringement suit.
+    The company said &lt;Video Technology Computers> of Hong Kong
+and its distributors, &lt;Video Technology Computers Inc> and
+&lt;Central Point Software Inc>, complied with the order.
+    The company said the order was signed by U.S. District
+Court Judge John Gerry of Camden, N.J.
+    Under the terms of the order, all defendants named in the
+action are prohibited from selling Apple-compatible computers
+containing the programs on which Franklin has alleged copyright
+infringement by Marc 13, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19250" NEWID="2832">
+<DATE> 6-MAR-1987 15:37:45.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0427&#31;reute
+r f BC-ALASKA-AIR-&lt;ALK>-UNIT   03-06 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALASKA AIR &lt;ALK> UNIT HAS LOWER LOAD FACTOR</TITLE>
+<DATELINE>    SEATTLE, March 6 - </DATELINE><BODY>Alaska Air Group Inc said its Alaska
+Airlines unit's February load factor fell to 49 pct from 51 pct
+during the same month last year and its year-to-date load
+factor was 49 pct, down from 50 a year ago.
+    February revenue passenger miles fell to 171.7 mln from 
+179 mln and year-to-date revenue miles dropped to 361.5 mln
+from 377.4 mln.
+    Available seat miles for the month totaled 352.8 mln, up
+from 348.1 mln and for the two-month period available miles
+declined to 745.3 mln from the 751.7 mln reported for the same
+period of 1986, Alaska Air Group said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19251" NEWID="2833">
+<DATE> 6-MAR-1987 15:38:08.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM A
+&#22;&#22;&#1;f0430&#31;reute
+r f BC-dome-pete-pressed   03-06 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME PETE&lt;DMP> SAID TO BE PRESSED TO SELL ENCOR</TITLE>
+<AUTHOR>    By Larry Welsh, Reuters</AUTHOR>
+<DATELINE>    TORONTO, March 6 - </DATELINE><BODY>Dome Petroleum Ltd is under pressure
+from one of its largest creditors, &lt;Canadian Imperial Bank of
+Commerce>, to sell its 42 pct stake in &lt;Encor Energy Corp Ltd>,
+energy industry analysts said.
+    Dome has pledged its 42.5 mln Encor shares as security for
+part of its debt to Commerce Bank, estimated last year at 947
+mln Canadian dlrs, and the bank wants Dome to sell the stock to
+pay down debt, analysts said.
+    "The Commerce has been slowly but surely moving Encor in the
+direction that might make it a saleable asset," said one analyst
+who asked not to be named.
+    Dome earlier said it was not considering selling Encor
+Energy, but reaffirmed the company's 23.3 pct interest in
+Canadian gold producer Dome Mines Ltd &lt;DM> is up for sale "at
+the right price."
+    Dome, now negotiating a plan to restructure more than 6.10
+billion dlrs in debt, sees Encor as a strategic investment that
+it does not intend to sell, spokesman David Annesley said. The
+Encor shares do not pay dividends.
+    A Commerce Bank spokesman also declined comment when asked
+whether it is pressing Dome to sell its Encor stake.
+    At current market prices, Dome's stake in Encor would be
+valued at about 308 mln dlrs, while its 20.9 mln Dome Mines
+shares would be worth about 319 mln dlrs.
+    Recent strength in the price of Encor shares may also
+prompt Commerce Bank to press Dome to divest its holding in the
+Canadian oil and gas producer, analysts said.
+    "Encor's stock price has improved quite substantially in
+recent weeks with a runup in crude prices," Peters and Co Ltd
+oil analyst Wilf Gobert commented.
+    "The possibility is that Commerce Bank would like to see it
+sold at these levels because they can get more for it now than
+they have been able to in recent years," he added.
+    Encor traded earlier on the Toronto Stock Exchange at
+7-1/8, near its 52-week high of 7-1/2 and up from around six
+dlrs in early February.
+    The company also recently set up its own operating
+management, which was previously carried out by Dome Petroleum,
+Maison Placements Canada Inc analyst Denis Mote commented.
+    Dome and Encor "are actually going to get farther apart. So
+(the sale) does make a lot of sense," Mote said.
+    However, analysts said Dome will resist any moves to divest
+Encor in favor of retaining the operating assets since sale
+proceeds would likely go directly to pay down Dome's debt to
+Commerce Bank.
+    "I think they'll probably try to hang onto Encor as long as
+they can," said Bache Securities Inc analyst Doug Weber.
+    Some of Dome's group of 56 major creditors might move to
+block such a sale, arguing they have a claim on company assets.
+    "Other creditors generally all want to make sure that
+something they might be able to get a piece of is not being
+sold out from under them," said analyst Gobert.
+    Another stumbling block would be Encor's 225 mln dlr joint
+liability in loans to Dome Petroleum advanced by Arctic
+Petroleum Corp of Japan for Beaufort Sea exploration.
+    Analysts said a similar hurdle could also hinder the
+possible sale of Dome Petroleum's interest in Dome Mines.
+    Dome Mines has guaranteed 225 mln dlrs of Dome Petroleum's
+debt and has a "right of consent" to the sale of Dome Petroleum's
+holding.
+    Presumably, a potential buyer of the Dome Mines shares
+would seek some type of relief on the company's debt
+obligations connected with Dome Petroleum, Gobert said.
+    Dome spokesman Annesley earlier declined to specify at what
+price the company would consider selling its Dome Mines shares,
+but said current prices of more than 15 dlrs a share "are very
+attractive."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19252" NEWID="2834">
+<DATE> 6-MAR-1987 15:39:58.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0440&#31;reute
+r f BC-PATRICK-PETROLEUM-CO   03-06 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PATRICK PETROLEUM CO &lt;PPC> 4TH QTR NET</TITLE>
+<DATELINE>    JACKSON, Mich., March 6 -
+    </DATELINE><BODY>Shr nil vs one ct
+    Net 59,608 vs 95,909
+    Revs 2,921,629 vs 2,918,682
+    Avg shrs 7,062,172 vs 7,273,020
+    Year
+    Shr loss 1.22 dlrs vs profit 27 cts
+    Net loss 8,812,432 vs profit 1,847,560
+    Revs 3,070,327 vs 3,195,710
+    Avg shrs 7,187,941 vs 6,828,368
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19253" NEWID="2835">
+<DATE> 6-MAR-1987 15:42:05.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0448&#31;reute
+d f BC-EARTHWORM-&lt;WORM>-ACCE   03-06 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EARTHWORM &lt;WORM> ACCEPTS SOVIET INVITATION</TITLE>
+<DATELINE>    ARDSLEY, N.Y., March 6 - </DATELINE><BODY>Earthworm Tractor Co Inc said it
+accepted an invitation from the Ministry of Construction, Road
+Building and Municipal Machinery to visit the Soviet Union next
+week to explore trading construction and liquefied natural gas
+equipment.
+    The company said a representative of Prudential Bache Trade
+Corp will be part of the delegation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19254" NEWID="2836">
+<DATE> 6-MAR-1987 15:42:18.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0450&#31;reute
+h f BC-INLAND-VACUUM-INDUSTR   03-06 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INLAND VACUUM INDUSTRIES INC &lt;IVAC> 1ST QTR NET</TITLE>
+<DATELINE>    UPPER SADDLE RIVER, N.J., March 6 - </DATELINE><BODY>Qtr ends Jan 31
+    Shr six cts vs eight cts
+    Net 103,436 dlrs vs 134,360 dlrs
+    Revs 1,762,270 vs 1,282,463
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19255" NEWID="2837">
+<DATE> 6-MAR-1987 15:43:11.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0454&#31;reute
+r f BC-FAA-SEES-COMMERICAL-A   03-06 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAA SEES COMMERICAL AVIATION GROWTH CONTINUING</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The Federal Aviation Administration
+said it expected continued growth for commercial aviation in
+the next 12 years, with passenger traffic increasing at an
+annual rate of 4.5 pct on major scheduled airlines and 6.7 pct
+on commuter airlines.
+    However, the FAA forecast projects slower growth for
+general aviation than for the air carriers.
+    The number of hours flown by private and business flyers,
+for example, is expected to grow at an annaul rate of less than
+one pct compared with a six pct rate in the 1960s and 1970s.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19256" NEWID="2838">
+<DATE> 6-MAR-1987 15:44:12.96</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>algeria</D><D>iran</D></PLACES>
+<PEOPLE><D>aqazadeh</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0455&#31;reute
+u f AM-AQAZADEH   03-06 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRANIAN OIL MINISTER ARRIVES IN ALGERIA</TITLE>
+<DATELINE>    ALGIERS, March 6 - </DATELINE><BODY>Iranian Oil Minister Gholamreza Aqazadeh
+arrived in Algiers at the head of a large delegation for talks
+on stabilizing oil prices, the official news agency APS said.
+    In a brief arrival statement, he said Iran and Algeria were
+engaged in "continuous and stronger cooperation" on the world
+petroleum market and had "deployed considerable efforts to
+stablise petroleum prices."
+    He was greeted on arrival by Belkacem Nabi, the Algerian
+Minister of Energy, Chemical and Petro-Chemical Industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19257" NEWID="2839">
+<DATE> 6-MAR-1987 15:44:49.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0460&#31;reute
+d f BC-DEL-LABORATORIES-INC   03-06 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEL LABORATORIES INC &lt;DLI> 4TH QTR NET</TITLE>
+<DATELINE>    FARMINGDALE, N.Y., March 6 -
+    </DATELINE><BODY>Shr 16 cts vs 55 cts
+    Net 232,000 vs 814,000
+    Revs 22.4 mln vs 22 mln
+    Year
+    Shr 2.07 dlrs vs 2.43 dlrs
+    Net 3,108,000 vs 3,670,000
+    Revs 106.7 mln vs 101.1 mln
+    NOTE: Per share figures adjusted to reflect four-for-three
+stock split paid March 26, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19258" NEWID="2840">
+<DATE> 6-MAR-1987 15:45:33.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0461&#31;reute
+u f BC-U.S.-TREASURY-OFFICIA   03-06 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY OFFICIAL URGES JAPAN OPEN MARKETS</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The director of the Treasury
+Department's office of international banking and portfolio
+investment said Japan should open its bond and stock markets to
+more U.S. firms.
+    "The Treasury would like to see greater openness of
+Jaspanese markets, including more U.S. firms admitted to the
+Tokyo Stock Exchange, and an increased role for U.S. financial
+firms in the Japanese Government bond market," Ammerman said in
+a prepared speech for a conference on financial services
+sponsored by Georgetown University.
+    Ammerman also said the Reagan administration hopes "any
+discrimination against U.S. banks wishing to set up in the
+securities business in Japan in their own name will be
+eliminated promptly."
+    He said the United States also was pressing Canada to stop
+giving favored treatment to domestic banks over U.S.
+competitors and was talking with Canadian representatives.
+    He said the United States will "press vigorously for
+liberalization" of financial services in all foreign markets. If
+negotiations fail, "We will not hesitate to take vigorous
+actions to promote or protect our interests," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19259" NEWID="2841">
+<DATE> 6-MAR-1987 15:46:26.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0463&#31;reute
+r f BC-REXON-&lt;TEXN>-FILES-FO   03-06 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXON &lt;TEXN> FILES FOR STOCK SALE</TITLE>
+<DATELINE>    CULVER CITY, Calif., March 6 - </DATELINE><BODY>Rexon Inc said it filed a
+registration statement with the Securities and Exchange
+Commission covering the primary sale of 1.25 mln common shares
+through an underwriting group managed by Hambrecht and Quist.
+    Rexon, a maker of tape drives, subsystems and
+computer-related products, said it plans to use proceeds from
+the sale for working capital and for capital expenditures,
+primarily related to the company's tape drive products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19260" NEWID="2842">
+<DATE> 6-MAR-1987 15:46:59.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0465&#31;reute
+r f AM-ARMS-STARWARS   03-06 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OFFICIAL SAYS REAGAN AGAINST EARLY SDI DEPLOYMENT</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>A senior Defense Department official
+said he believed President Reagan has decided against an early
+deployment of the controversial anti-missile defense system
+known as "Star Wars."
+    But the official, Assistant Defense Secretary Richard
+Perle, told a luncheon Reagan could decide within a few weeks
+to adopt a less restrictive interpretation of the 1972
+Anti-Ballistic Missile (ABM) treaty to justify a move towards
+wider "Star Wars" testing and development.
+    "I think the president has made a decision not to proceed
+with an early deployment of SDI," said Perle, referring to the
+Strategic Defense Initiative, as Reagan's anti-missile project
+is formally called.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19261" NEWID="2843">
+<DATE> 6-MAR-1987 15:47:26.32</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0467&#31;reute
+r f BC-chilean-gdp-up-5.7-pc   03-06 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILEAN GDP UP 5.7 PCT IN 1986, CENTRAL BANK SAYS</TITLE>
+<DATELINE>    Santiago, march 6 - </DATELINE><BODY>chile's gross domestic product rose 5.7
+pct last year to 18.8 billion dollars, compared to a 2.4 pct
+rise in the previous year, the central bank said.
+    It said initial projections were for a 4.6 pct increase in
+gdp this year.
+    The sectors which registered the greatest growth in 1986
+were fisheries with 10 pct, agriculture at 8.7 pct, transport
+and communications with 8.1 pct and industry at 8.0 pct, the
+bank added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19262" NEWID="2844">
+<DATE> 6-MAR-1987 15:50:59.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0479&#31;reute
+u f AM-BRAZIL-DEBT   03-06 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUNARO SAYS CREDITORS WILLING TO HELP BRAZIL</TITLE>
+<DATELINE>    BRASILIA, MARCH 6 - </DATELINE><BODY>Finance Minister Dilson Funaro,
+currently on an international tour to seek governmental support
+for his efforts to solve Brazil's 108-billion-dlr foreign debt
+crisis, said creditors have expressed willingness to help.
+    In an interview with the Globo television network,
+transmitted from Rome, Funaro said the reception by
+representatives of creditor countries with whom he met along
+the week was always to seek new ways.
+    "Brazil made several adjustments in its economy in the past
+which affected the goodwill of its people. We now wish to keep
+the country's growth in order to be able to face the problems
+of the future," Funaro said.
+    The minister said that he had proposed a "four-year plan" to
+the creditors, which would include a rescaling of the
+commitments derived from its debt.
+    "We cannot continue negotiating every year with our
+creditors, having to face difficulties in the meantime, not
+knowing whether a new package will or will not be approved, as
+it is happening to other debtor countries," the minister said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19263" NEWID="2845">
+<DATE> 6-MAR-1987 15:51:03.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0480&#31;reute
+f f BC-******S/P-UPGRADES-GE   03-06 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P UPGRADES GEORGIA-PACIFIC CORP'S 1.1 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19264" NEWID="2846">
+<DATE> 6-MAR-1987 15:52:23.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0484&#31;reute
+r f BC-COMFED-SAVINGS-&lt;CFK>   03-06 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMFED SAVINGS &lt;CFK> UNIT FILES FOR OFFERING</TITLE>
+<DATELINE>    LOWELL, Mass., March 6 - </DATELINE><BODY>ComFed Savings Bank's wholly-owned
+subsidiary, ComFed Mortgage Co Inc, said it filed a
+registration statement with the Securities and Exchange
+Commission for a proposed public offering of 2,700,000 shares
+of its common stock.
+    The offering represents 16 pct of ComFed Mortgage's stock,
+the balance of which it will retain, the company said.
+Estimated public offering price range for the stock is between
+nine dlrs and 13 dlrs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19265" NEWID="2847">
+<DATE> 6-MAR-1987 15:52:39.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0485&#31;reute
+d f BC-LANDMARK-SAVINGS-&lt;LSA   03-06 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANDMARK SAVINGS &lt;LSA> COMPLETES OFFICE SALE</TITLE>
+<DATELINE>    PITTSBURGH, March 6 - </DATELINE><BODY>Landmark Savings Association said it
+completed the sale of its Whitehall, Pa., office, including
+deposits of about 31 mln dlrs, to Parkvale Savings Association.
+    Landmark said it realized a gain of about 1.1 mln dlrs on
+the sale. The price was not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19266" NEWID="2848">
+<DATE> 6-MAR-1987 15:52:58.26</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0486&#31;reute
+r f BC-U.S.-FEEDGRAINS-GROUP   03-06 0145</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FEEDGRAINS GROUP ATTACKS CANADA CORN RULING</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The U.S. Feedgrains Council is
+surprised and disappointed by the Canadian Import Tribunal's
+decision that imports of corn from the U.S. are materially
+injuring Canadian corn producers, a council spokesman said.
+    "At a time when the world is attempting to liberalize trade
+in the new rounnd of multilateral negotiations, it is
+incomprehensible that a country that stands to gain so much
+from the reduction in agricultural trade barriers would
+threaten that process by caving in to pressures for
+protectionism," council president Darwin E. Stolte said.
+    Canada's finding will strain the U.S./Canadian trading
+relationship, could damage the future of U.S. feedgrains 
+support for the free trade negotiations, and also negatively
+impact farm trade reform with other nations, the council said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19267" NEWID="2849">
+<DATE> 6-MAR-1987 15:53:26.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0488&#31;reute
+s f BC-HOLLY-SUGAR-CORP-&lt;HLY   03-06 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLLY SUGAR CORP &lt;HLY> SETS REGULAR DIVIDEND</TITLE>
+<DATELINE>    COLORADO SPRINGS, Colo., March 6 - 
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay March 31
+    Record March 18
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19268" NEWID="2850">
+<DATE> 6-MAR-1987 15:53:47.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0490&#31;reute
+h f BC-CORADIAN-CORP-&lt;CDIN>   03-06 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORADIAN CORP &lt;CDIN> YEAR NET</TITLE>
+<DATELINE>    LATHAM, N.Y., March 6 -
+    </DATELINE><BODY>Shr profit one cent vs loss 37 cts
+    Net profit 148,000 dlrs vs loss 1,686,000
+    Revs 11.4 mln vs 10.9 mln
+    NOTE: Company said net is before extraordinary items and
+taxes and declined to provide data on those items
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19269" NEWID="2851">
+<DATE> 6-MAR-1987 16:02:51.77</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0498&#31;reute
+d f BC-USDA-TO-CONDUCT-SURVE   03-06 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA TO CONDUCT SURVEY FOR AVIAN INFLUENZA</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>U.S. Agriculture Department animal
+health officials are conducting a national survey of live-bird
+markets and auctions to check for signs of avian influenza, an
+infectious viral disease of poultry, the department said.
+    The survey will locate poultry dealers and live-bird
+markets that sell live birds directly to the consumer and once
+the dealers and markets are identified, there will be tests to
+determine any past or present exposure to avian influenza
+viruses, it said.
+    In 1983-84, an outbreak of avian influenza in Pennsylvania,
+Maryland, Virginia and New Jersey cost taxpayers 65 mln dlrs to
+control and required the destruction of more than 17 mln birds,
+it said.
+    The survey is expected to be completed by April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19270" NEWID="2852">
+<DATE> 6-MAR-1987 16:04:28.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0499&#31;reute
+r f BC-RJR-NABISCO-&lt;RJR>-FIL   03-06 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR NABISCO &lt;RJR> FILES 500 MLN DLR DEBT OFFER</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>RJR Nabisco Inc filed with the
+Securities and Exchange Commission for a shelf offering of up
+to 500 mln dlrs of debt securities on terms to be set at the
+time of sale.
+    The company said proceeds will be used for general
+corporate purposes including repurchases of RJR securities.
+    Proceeds also may be used for working capital, reduction of
+short-term debt and capital expenditures, it said.
+    Underwriters for the offering were not named in the draft
+prospectus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19271" NEWID="2853">
+<DATE> 6-MAR-1987 16:04:38.64</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0500&#31;reute
+u f AM-FERRY 1STLD  03-06 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO HUNDRED PEOPLE RESCUED FROM SINKING FERRY</TITLE>
+<DATELINE>    BRUSSELS, March 6 - </DATELINE><BODY>About 200 people were rescued, some
+badly hurt, from a sinking cross Channel ferry carrying
+approximately 540 people off the Belgian port of Zeebrugge, a
+port control spokesman said.
+    The spokesman, contacted by telephone, said only one third
+of car ferry, the Herald of Free Enterprise owned by the
+British company Townsend Thoresen, remained above water.
+    Divers have been sent down to try to rescue passengers
+believed trapped in the ferry, which was on its way from
+Zeebrugge to the English port of Dover and capsized just off
+the pier, he added
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19272" NEWID="2854">
+<DATE> 6-MAR-1987 16:04:47.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0501&#31;reute
+h f BC-LIPOSOME-CO-&lt;LIPO>-AN   03-06 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIPOSOME CO &lt;LIPO> AND UNIT TO SPONSOR SEMINAR</TITLE>
+<DATELINE>    PRINCETON, N.J., March 6 - </DATELINE><BODY>The Liposome Co Inc said it and
+its wholly-owned subsidiary, Liposome Japan Co Ltd, will
+sponsor a major seminar on liposome at Tokyo University on
+March  12, 1987.
+    Liposomes are microscopic man-made spheres, composed of
+lipids, that can be engineered to entrap drugs or other
+biologically active molecules within the lipid membranes of the
+spheres or in the aqueous space between the membranes, the
+company explained.
+    Leading academic, research and government institutions in
+Japan are expected to attend, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19273" NEWID="2855">
+<DATE> 6-MAR-1987 16:05:24.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0502&#31;reute
+u f BC-GEORGIA-PACIFIC-&lt;GP>   03-06 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEORGIA-PACIFIC &lt;GP> DEBT UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Standard and Poor's Corp said it
+upgraded Georgia-Pacific Corp's 1.1 billion dlrs of debt.
+    Raised were the company's senior debt to A-minus from
+BBB-plus, preferred stock to BBB-plus from BBB and preliminary
+rating on shelf securities to A-minus from BBB-plus.
+    S and P said the action reflected prospects for continued
+healthy markets over the next few years. The rating agency also
+said Georgia-Pacific benefitted from cost cutting and has
+reduced debt by 700 mln dlrs in the past five years.
+    The company now has flexibility to pursue a strategy of
+increasing its presence in the paper products market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19274" NEWID="2856">
+<DATE> 6-MAR-1987 16:05:42.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0504&#31;reute
+r f BC-FOXBORO-CO-&lt;FOX>-4TH   03-06 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOXBORO CO &lt;FOX> 4TH QTR LOSS</TITLE>
+<DATELINE>    FOXBORO, Mass., March 6 - 
+    </DATELINE><BODY>Oper shr loss one ct vs loss 2.65 dlrs
+    Oper net loss 100,000 vs loss 32.7 mln
+    Revs 142.3 mln vs 168.8 mln
+    12 mths
+    Oper shr profit 57 cts vs loss 2.76 dlrs
+    Oper net profit 7,072,000 vs loss 34.2 mln
+    Revs 544.0 mln vs 572.2 mln
+    Note: 1986 oper net excludes tax credits of 2,149,000 dlrs
+for qtr and 2,200,000 dlrs for 12 mths. Includes restructuring
+charges of 120 mln dlrs for qtr, 527 mln dlrs for 12 mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19275" NEWID="2857">
+<DATE> 6-MAR-1987 16:06:14.84</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0505&#31;reute
+u f BC-LYNG-SAYS-NO-DECISION   03-06 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG SAYS NO DECISIONS TAKEN AT CABINET COUNCIL</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said no decisions were taken today at a White House
+Economic Policy Council meeting.
+    Speaking to reporters on his return from the meeting, Lyng
+said only about five minutes of the session dealt with
+agriculture issues.
+    "It was not a decision making meeting," Lyng said.
+    Aides to Lyng earlier said the administration's agriculture
+legislative proposals would be the farm-related topic on the
+agenda. Lyng would not comment on what farm issues were
+discussed.
+    Asked how he would respond to farm groups and Congressmen
+urging the U.S. to offer a wheat bonus to the Soviet Union,
+Lyng said he would be listen but be "non-committal."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19276" NEWID="2858">
+<DATE> 6-MAR-1987 16:06:38.51</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0508&#31;reute
+u f BC-TREASURY-BALANCES-AT   03-06 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED FELL ON MARCH 5</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve fell on March 5 to 3.467 billion dlrs from 3.939
+billion dlrs the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts fell to 14.350
+billion dlrs from 14.391 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 17.817
+billion dlrs on March 5 compared with 18.330 billion dlrs on
+March 4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19277" NEWID="2859">
+<DATE> 6-MAR-1987 16:07:15.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0509&#31;reute
+r f BC-AMIR-MINES-COMPLETES   03-06 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMIR MINES COMPLETES PRIVATE PLACEMENT</TITLE>
+<DATELINE>    Vancouver, British Columbia, March 6 - </DATELINE><BODY>&lt;Amir Mines Ltd>
+said it completed negotiations on a private placement with
+institutional investors in the United Kingdom, Europe and
+Canada.
+    The placement will consist of one mln shares of Amir Mines
+at 2.90 Canadian dlrs per share.
+    In London, Continental Carlisle Douglas Securities and
+Yorkton Securities acted as agents for the placement of 900,000
+shares in the U.K. and Europe. The additional 100,000 shares
+will be purchased by two Canadian gold funds.
+    Amir said proceeds will be used for the acquisition of or
+joint venture participation in, properties with the potential
+for low-cost heap leach gold, regional gold exploration in the
+western U.S. or general working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19278" NEWID="2860">
+<DATE> 6-MAR-1987 16:13:32.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0520&#31;reute
+r f BC-HOLIDAY-&lt;HIA>-UNIT'S   03-06 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLIDAY &lt;HIA> UNIT'S NOTES DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Standard and Poor's Corp said it cut to
+B from B-plus 900 mln dlrs of notes due 1994 of Holiday Inns
+Inc, a unit of Holiday Corp.
+    S and P said the action reflected a change in the issue's
+terms to unsecured from secured. That change was made after S
+and P's initial rating release on February 20, it noted.
+    After the firm's recapitalization, substantially all of its
+assets will be pledged to secure bank and other debt totaling
+1.4 billion dlrs. S and P said it is making a rating
+distinction between secured and unsecured debt because of the
+significant amount of secured in Holiday's capital structure.
+    However, S and P said that if the amount of secured debt
+decreases meaningfully, then the secured and unsecured debt
+could be rated equally.
+    The 900 mln dlrs of seven-year notes were priced late
+yesterday by sole manager Drexel Burnham Lambert Inc. The notes
+were given a 10-1/2 pct coupon and par pricing.
+    Holiday Inns also sold yesterday via Drexel 500 mln dlrs of
+subordinated debentures due 1999 with an 11 pct coupon and par
+pricing. This issue was rated B-minus by S and P.
+    Meanwhile, Moody's Investors Service Inc said its initial
+rating of B-1 for the notes remained appropriate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19279" NEWID="2861">
+<DATE> 6-MAR-1987 16:13:45.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0521&#31;reute
+d f BC-FLUOR-&lt;FLR>-GETS-197.   03-06 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLUOR &lt;FLR> GETS 197.6 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Fluor Constructors Inc, which is
+owned by Fluor Corp, has received a 197.6 mln dlr contract for
+work on facilities which will be used in ground-based free
+electron laser technology, the Defense Department said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19280" NEWID="2862">
+<DATE> 6-MAR-1987 16:15:19.54</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>nicaragua</D><D>romania</D><D>paraguay</D></PLACES>
+<PEOPLE><D>reagan</D><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0525&#31;reute
+r f BC-NICARAGUA,-ROMANIA,-P   03-06 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NICARAGUA, ROMANIA, PARAGUAY LOSE TRADE RIGHTS</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>President Reagan formally ended
+preferential duty-free trade treatment for exports from
+Nicaragua, Romania and Paraguay under the Generalized System of
+Preferences (GSP).
+    He took the action after determining that the three
+countries are not taking steps to give their workers
+internationally recognized rights.
+    U.S. Trade Representative Clayton Yeutter had announced the
+intended action on January 2. The United States conducts no
+trade with Nicaragua and very little trade with Romania and
+Paraguay.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19281" NEWID="2863">
+<DATE> 6-MAR-1987 16:15:35.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0527&#31;reute
+d f BC-LOCKHEED-&lt;LK>-GETS-80   03-06 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOCKHEED &lt;LK> GETS 80.0 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Lockheed Corp has received an 80.0
+mln dlr contract for engineering support services for high
+energy laser facilities, the Defense Department said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19282" NEWID="2864">
+<DATE> 6-MAR-1987 16:18:17.05</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0536&#31;reute
+r f BC-U.S.-FEEDGRAIN-0/92-S   03-06 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FEEDGRAIN 0/92 SUPPORTERS EVALUATE POSITION</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Advocates of a 0/92 plan for
+feedgrains will likely delay offering their proposals if a
+disaster aid bill before the House Agriculture Committee is
+scaled back to include only 1987 winter wheat, congressional
+sources said.
+    The disaster aid bill, introduced by Rep. Glenn English
+(D-Okla.), sparked sharp controversy with its proposals to
+implement a 0/92 program for 1987 wheat and 1988 winter wheat.
+    An agreement has been reached to trim the bill back to 1987
+wheat, but supporters of a 0/92 feedgrains plan said even that
+scaled-down version would not be equitable for farmers.
+    Unless the English bill pertains only to 1987 winter wheat,
+it is more than a simple disaster payment and feedgrains should
+be treated equally, they said.
+   If the bill is narrowed to just winter wheat, then
+supporters of a 0/92 feedgrains amendment will probably not
+offer their proposals next week, sources said.
+   English has agreed to support an amendment by Rep. Charles
+Stenholm (R-Tex) to narrow the bill to 1987 wheat only, but
+whether he would also back a further reduction is unclear.
+    Agricultural aides to English said the congressman's first
+choice is to make the option available to all 1987 wheat
+farmers. However, if the political reality is that disaster aid
+for winter wheat farmers would be unavailable because of
+controversy over spring wheat, then English might consider an
+even greater cutback in the bill, they said.
+    Under a 0/92 plan, farmers could forego planting and still
+receive 92 pct of deficiency payments.
+    Rep. Arlan Stangeland (R-Minn.) and Harold Volkmer (D-Mo.)
+have both expressed interest in expanding the English bill to
+include a 0/92 program for feedgrains.
+    An aide said Stangeland does not want to reopen the farm
+bill, but to be fair to all crops.
+    Only a small percentage of spring wheat farmers would
+likely sign up for 0/92 since the incentives to plant are
+greater than to idle the land, economists said.
+    Opponents to a 0/92 feedgrains program argue it is
+premature to make major changes in the farm bill and that the
+House Agriculture Committee needs to study more closely the
+impacts of such a program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19283" NEWID="2865">
+<DATE> 6-MAR-1987 16:19:17.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0538&#31;reute
+d f BC-FMC-&lt;FMC>-GETS-46.6-M   03-06 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FMC &lt;FMC> GETS 46.6 MLN DLR NAVY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>FMC Corp has received a 46.6 mln dlr
+contract for work on the MK-41 vertical launching system, the
+Navy said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19284" NEWID="2866">
+<DATE> 6-MAR-1987 16:19:42.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0539&#31;reute
+h f BC-ALFIN-INC-&lt;AFN>-2ND-Q   03-06 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALFIN INC &lt;AFN> 2ND QTR JAN 31 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 6 -
+    </DATELINE><BODY>Shr loss 20 cts vs profit 14 cts
+    Net loss 1,417,000 vs profit 933,000
+    Revs 5,623,000 vs 5,403,000
+    Avg shrs 6,957,300 vs 7,115,248
+    Six mths
+    Shr loss 18 cts vs profit 43 cts
+    Net loss 1,269,000 vs profit 3,079,000
+    Revs 15.7 mln vs 14.2 mln
+    Avg shrs 7,195,720 vs 7,115,248
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19285" NEWID="2867">
+<DATE> 6-MAR-1987 16:20:09.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0540&#31;reute
+d f BC-BELL-AND-HOWELL-&lt;BHW>   03-06 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL AND HOWELL &lt;BHW> COMPLETES SALE OF UNIT</TITLE>
+<DATELINE>    SKOKIE, Ill., March 6 - </DATELINE><BODY>Bell and Howell Co said it
+completed the sale of its computer output microfilm business to
+COM Products Inc, a unit of privately-held &lt;LeBow Industries
+Inc>.
+    The sum of the deal was not disclosed.
+    The unit makes a device that prints data directly from a
+computer onto microfilm.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19286" NEWID="2868">
+<DATE> 6-MAR-1987 16:21:04.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0541&#31;reute
+r f BC-FDA-APPROVES-CEPHRADI   03-06 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDA APPROVES CEPHRADINE BY ZENITH &lt;ZEN></TITLE>
+<DATELINE>    RAMSEY, N.J., March 6 - </DATELINE><BODY>Zenith Laboratories Inc said the
+Food and Drug Administration approved Cephradine, an
+antibiotic, for marketing.
+    The maker of generic drugs, less costly versions of brand
+name drugs that have lost their patents, said Cephradine has
+been available as Velosef from Squibb Corp &lt;SQB> and Anspor
+from a SmithKline Beckman Corp &lt;SKB> unit.
+    Earlier this week the company said it received FDA
+marketing approval for Cefadroxil, another antibiotic, which it
+said it will market once questions "relating to patent
+applicability are resolved."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19287" NEWID="2869">
+<DATE> 6-MAR-1987 16:21:57.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0543&#31;reute
+d f BC-GENERAL-INSTRUMENT-&lt;G   03-06 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL INSTRUMENT &lt;GRL> GETS CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>General Instrument Corp has received
+a 36.0 mln dlr contract for electronic support work for P-3C
+Orion anti-submarine warfare planes and SH-2F anti-submarine
+helicopters, the Navy said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19288" NEWID="2870">
+<DATE> 6-MAR-1987 16:22:10.64</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0544&#31;reute
+f f BC-******U.S.-BUSINESS-L   03-06 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BUSINESS LOANS FALL 618 MLN DLRS IN FEB 25 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19289" NEWID="2871">
+<DATE> 6-MAR-1987 16:24:24.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0547&#31;reute
+d f BC-BOEING-&lt;BA>-GETS-34.6   03-06 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING &lt;BA> GETS 34.6 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The Boeing Co has received a 34.6 mln
+dlr contract for work on the E-3A AWACS radar plane program,
+the Air Force said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19290" NEWID="2872">
+<DATE> 6-MAR-1987 16:27:42.66</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A C M
+&#22;&#22;&#1;f0552&#31;reute
+b f US-BUSINESS-LOAN-FULLOUT   03-06 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUSINESS LOANS FALL 618 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Business loans on the books of major
+U.S. banks, excluding acceptances, fell 618 mln dlrs to 278.88
+billion dlrs in the week ended February 25, the Federal Reserve
+Board said.
+    The Fed said that business loans including acceptances fell
+897 mln dlrs to 281.23 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19291" NEWID="2873">
+<DATE> 6-MAR-1987 16:29:55.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0561&#31;reute
+r f BC-HYPONEX-CORP-&lt;HYPX>-Y   03-06 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYPONEX CORP &lt;HYPX> YEAR NET</TITLE>
+<DATELINE>    FORT WAYNE, Ind., March 6 -
+    </DATELINE><BODY>Shr 85 cts vs 1.20 dlrs
+    Net 5,130,000 vs 7,236,000
+    Revs 93.6 mln vs 91.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19292" NEWID="2874">
+<DATE> 6-MAR-1987 16:30:02.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0562&#31;reute
+r f BC-HYPONEX-&lt;HYPX>-FILES   03-06 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYPONEX &lt;HYPX> FILES FOR DEBT OFFER</TITLE>
+<DATELINE>    FORT WAYNE, Ind., March 6 - </DATELINE><BODY>Hyponex Corp said it filed with
+the Securities and Exchange Commission for a public offering of
+100 mln dlrs of senior subordinated debentures due 1999, with
+an over-allotment option of 15 mln dlrs.
+    Drexel Burnham Lambert Inc is sole manager of the offering,
+the lawn products company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19293" NEWID="2875">
+<DATE> 6-MAR-1987 16:30:08.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0563&#31;reute
+d f BC-AIRGAS-&lt;AGA>-CHAIRMAN   03-06 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRGAS &lt;AGA> CHAIRMAN STEPS DOWN</TITLE>
+<DATELINE>    WILMINGTON, Del., March 6 - </DATELINE><BODY>Airgas Inc said chairman and
+chief executive officer C Perkins resigned but agreed to serve
+as a consultant on acquisitions and foreign sales.
+    The company said Perkins, under a five year consulting
+contract, will work closely with his designated successor,
+president Peter McCausland. McCausland is expected to be
+appointed chairman at a board meeting in May, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19294" NEWID="2876">
+<DATE> 6-MAR-1987 16:30:11.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0564&#31;reute
+f f BC-beneficial-downgrade   03-06 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BENEFICIAL CORP RATING LOWERED BY STANDARD AND POOR'S, AFFECTS 3.7 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19295" NEWID="2877">
+<DATE> 6-MAR-1987 16:30:42.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0566&#31;reute
+r f BC-HMO-AMERICA-INC-&lt;HMOA   03-06 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HMO AMERICA INC &lt;HMOA> YEAR LOSS</TITLE>
+<DATELINE>    CHICAGO, March 6 -
+    </DATELINE><BODY>Shr loss 33 cts vs profit 38 cts
+    Net loss 2,359,978 vs profit 2,805,389
+    Revs 76.2 mln vs 61.8 mln
+    Avg shrs 7,096,886 vs 7,392,586
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19296" NEWID="2878">
+<DATE> 6-MAR-1987 16:31:16.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0568&#31;reute
+r f BC-BRAZIL-CRISIS-SPURS-R   03-06 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL CRISIS SPURS RETHINK OF DEBT STRATEGY</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Brazil's economic crisis is forcing a
+wholesale re-examination of the established strategy for
+dealing with developing-country debt, leading bankers say.
+    While finance minister Dilson Funaro is unlikely to succeed
+in his attempt at seeking an outright political solution to the
+debt problem, Brazil's suspension of interest payments on 68
+billion dlrs of commercial bank debt has convinced at least
+some bankers that new ideas are needed.
+    "The time has come to look at the alternatives," one
+seasoned debt rescheduler said.
+    Even before Brazil's move, the difficulty in syndicating
+the 77 billion dlr financing package for Mexico agreed to in
+principle last October was prompting top bankers to examine 
+the way they are managing the debt crisis.
+    Federal Reserve Chairman Paul Volcker, too, spoke recently
+of "debt fatigue" and the need to breathe new life into debt
+rescheduling procedures.
+    There are already signs of change. Japanese banks are
+setting up a jointly owned firm to which they will transfer
+some LDC loans in a bid to strengthen their balance sheets,
+improve financial management and get tax breaks.    
+    But bankers said a move toward a greater governmental role
+will be gradual. "The process is such that you cannot expect
+tangible progress in a short period of time," one banker said.
+    Certainly, Funaro got a frosty reception in Washington and
+several European capitals in the past week when he called on
+government officials to explain Brazil's crusade for a
+political dialogue on debt.
+    Assistant U.S. Treasury Secretary David Mulford, for
+instance, criticized what he called large-scale solutions such
+as debt forgiveness or the creation of new multilateral lending
+agencies.
+    "While such approaches may have some political appeal, they
+are impractical and ultimately counterproductive," Mulford told
+a House subcommittee this week. He could have added that any
+proposal that might be construed as a bail-out of U.S. banks
+would be a non-starter in Congress.
+    But bankers said the Reagan Administration could promote
+accounting and regulatory changes to foster debt-equity swaps
+and debt securitization and to enable banks to consider
+interest capitalization as an alternative to new loans.
+    Experts say the government must also make it easier for
+banks gradually to write down their third-world loan books.
+    Mulford, in his Congressional testsimony, urged the banks
+to explore different options. "The banks should be encouraged
+to look at the so-called menu approach," he said.
+    Bankers said the aim would be to keep the loan syndicates
+intact or, conversely, to allow small banks to write off their
+exposure in a way that is not detrimental to major lenders.
+    Big banks say it is unfair that small creditors continue to
+receive interest on old debt even if they do not contribute to
+new loans. In effect, large banks say they are making new loans
+that fund the interest payments on the old debt.
+    To solve this problem - and to streamline the cumbersome
+negotiating process - Argentina has revived the idea of "exit
+bonds", which would be issued at a discount to small creditors
+in exchange for their existing debt, bankers said. The banks
+would be rid of the loans but would have to recognize a loss.
+    Amid the swirl of new ideas, even the role of the
+commercial bank advisory committees has come under scrutiny.
+    The principle of consensus on which the panels operate was
+challenged recently when Citibank - ironically, the original
+architect of the committee system - stubbornly refused for a
+time to endorse financing offers to the Philippines and Chile.
+    The strains have not gone unnoticed in Washington. "There
+does seem to be a lot of speculation about the frailty of the
+bank advisory committees," a U.S. official said.
+    Brazil's Funaro heavily criticized the panels in London on
+Monday, charging that they are unresponsive to new ideas and
+that U.S. banks are over-represented on them.
+    Hannes Androsch, chairman of Austria's
+Creditanstalt-Bankverein, said there was some truth to the
+charge. "Sentiment is growing in Europe that we're no longer
+prepared to bail out the U.S. banks," he told reporters in New
+York this week.
+    While U.S. bankers obviously see things differently, some
+have started to wonder whether the advisory committee is still
+the right tool for the job.
+    "The debt crisis has probably evolved beyond the capacity
+of commercial banks alone, at least in some cases," one top New
+York rescheduler said.
+    But, with governments unable or unwilling to play a larger
+role, bankers see no alternative to the advisory committee.
+    "It's the worst form of government there is apart from all
+the others," one banker said, paraphrasing former British prime
+minister Winston Churchill's opinion about democracy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19297" NEWID="2879">
+<DATE> 6-MAR-1987 16:33:01.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0575&#31;reute
+u f AM-HAWKS   03-06 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO SELL ELECTRONIC EQUIPMENT TO S. KOREA</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The United States plans to sell 84
+mln dlrs in electronic equipment to South Korea to upgrade that
+country's Hawk anti-aircraft missiles, the Reagan
+administration announced.
+    The sale of 28 modification kits to upgrade the I-Hawk
+(Improved Hawk) missiles already in South Korea is expected to
+become official in 30 days without objection from Congress.
+    Prime contractor on the sale is the Raytheon Corp &lt;RTN>,
+which builds the Hawk medium-range missiles.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19298" NEWID="2880">
+<DATE> 6-MAR-1987 16:33:49.99</DATE>
+<TOPICS><D>gold</D><D>platinum</D><D>palladium</D><D>copper</D><D>nickel</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0580&#31;reute
+r f BC-TECHNIGEN-PLATINUM-CO   03-06 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNIGEN PLATINUM CORP IN METALS FIND</TITLE>
+<DATELINE>    VANCOUVER, March 6 - </DATELINE><BODY>Technigen Platinum corp said initial
+results of a 13-hole drilling program on its R.M. Nicel
+platinum property in Rouyn-Noranda, Quebec, indicate extensive
+near-surface zones highly enriched in gold, platinum and
+palladium.
+    The metals were found in rocks on the periphery of a
+sulphide deposit.
+    It said values of up to 0.073 ounce of platinum, 0.206
+ounce palladium, three pct copper and 4.5 pct nickel were found
+over a drill section of 13 feet.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19299" NEWID="2881">
+<DATE> 6-MAR-1987 16:36:36.72</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0585&#31;reute
+r f BC-AMERICAN-PORK-CONGRES   03-06 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN PORK CONGRESS TO BE OVERHAULED IN 1988</TITLE>
+<DATELINE>    Chicago, March 6 - </DATELINE><BODY>The National Pork Producers Council,
+NPPC, announced at this year's American Pork Congress, APC,
+that the Congress and trade show will be divided into two parts
+in 1988.
+    Next years APC, held in Atlanta, will be a business session
+only and will continue to be the first week of March.
+    The trade show is being changed into a new international
+event called the World Pork Expo. The first expo will be held
+in June 1988 in Des Moines with an expanded format, they said.
+    Executive vice-president Orville Sweet said the decision to
+spilt the show and Congress came about because there are
+producers who never get to see the trade show floor.
+    "It makes sense that we divide the business session from
+the trade show," Sweet said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19300" NEWID="2882">
+<DATE> 6-MAR-1987 16:36:59.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0588&#31;reute
+d f BC-ICO-&lt;ICO>-TO-BE-DELIS   03-06 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO &lt;ICO> TO BE DELISTED FROM AMEX</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 6 - </DATELINE><BODY>ICO Inc said its common stock
+will be removed from trading on the American Stock Exchange
+because it failed to meet certain exchange guidelines,
+including net worth requirements.
+    The company, which has been unprofitable for three out of
+the last four years, said its stock will be delisted from the
+AMEX on March 13 and will begin trading on the Boston Stock
+Exchange on March 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19301" NEWID="2883">
+<DATE> 6-MAR-1987 16:38:59.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0591&#31;reute
+d f AM-EGYPT-AID   03-06 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT TO RECEIVE 115 MLN DLR CASH GRANT</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The United States said it was
+transferring 115 mln dlrs in aid to Egypt as a cash grant to
+help boost its ailing economy.
+    The funds are part of 815 mln dlrs in economic aid voted by
+Congress for 1987.
+    State Department spokeswoman Phyllis Oakley stressed that
+the transfer was not unexpected, and told reporters "We simply
+want to point out our continued support for Egypt's reform and
+the efforts they are taking to reform the economy and create
+economic growth."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19302" NEWID="2884">
+<DATE> 6-MAR-1987 16:39:09.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0592&#31;reute
+h f BC-&lt;DTD-ENTERPRISES-INC>   03-06 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DTD ENTERPRISES INC> IN REORGANIZATION</TITLE>
+<DATELINE>    CINCINNATI, March 6 - </DATELINE><BODY>DTD Enterprises Inc said it filed an
+8-K report indicating that &lt;EaglesLair Development Corp> had
+assumed control of the company under a reorganization plan
+signed last month.
+    The company said D. Gerald Lach, president of EaglesLair,
+was named president and a director of DTD.
+    In addition, DTS's board resigned and EaglesLair appointed
+new directors, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19303" NEWID="2885">
+<DATE> 6-MAR-1987 16:39:19.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0593&#31;reute
+d f BC-BLACK/DECKER-&lt;BDK>-CH   03-06 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLACK/DECKER &lt;BDK> CHARGED WITH VIOLATING PATENT</TITLE>
+<DATELINE>    AURORA, Ill., March 6 - </DATELINE><BODY>Pittway Corp &lt;PRY> charged Black
+and Decker Inc with infringing on Pittway's switch mechanism
+patent for two models of Pittway's First Alert rechargeable
+flashlights.
+    Pittway said it filed suit in U.S. District Court, Northern
+District of Illinois, Eastern Division, alleging Black and
+Decker also violated the copyright and trademark on the
+flashlights. The charge also covered packaging and design
+details of the lights.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19304" NEWID="2886">
+<DATE> 6-MAR-1987 16:39:24.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0594&#31;reute
+r f BC-SCHWAB-SAFE-CO-&lt;SS>-U   03-06 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHWAB SAFE CO &lt;SS> UPS PAYOUT</TITLE>
+<DATELINE>    LAFAYETTE, Ind., March 6 -
+    </DATELINE><BODY>Qtly div 13 cts vs 12 cts prior
+    Pay April 17
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19305" NEWID="2887">
+<DATE> 6-MAR-1987 16:40:55.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0595&#31;reute
+r f BC-PHYSICIANS-INSURANCE   03-06 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHYSICIANS INSURANCE CO &lt;PICO> 4TH QTR NET</TITLE>
+<DATELINE>    PICKERINGTON, Ohio, March 6 -
+    </DATELINE><BODY>Shr 31 cts vs 53 cts
+    Net 960,143 dlrs vs 1,631,011 dlrs
+    Revs 27.4 mln dlrs vs 18.9 mln dlrs
+    Avg shrs 3,079,533 vs 3,096,095
+    12 mths
+    Shr 1.01 dlrs vs 92 cts
+    Net 3,113,337 dlrs vs 2,855,755 dlrs
+    Revs 106.5 mln dlrs vs 78.3 mln dlrs
+    Avg shrs 3,079,516 vs 3,089,140
+    NOTE: per share amounts for qtr and year prior have been
+restated to reflect a six-for-five stock split in August 1986.
+    Revs for qtr include capital gains of 3,049,564 vs
+2,010,972, and for year of 9,841,204 vs 5,798,995.
+    Revs for qtr include non-insurance revenues of 1,627,518 vs
+1,550,329, and for year of 7,289,973 vs 4,639,162.
+    Revs for qtr include life subsidiary account deposits of
+548,538 vs 241,465, and for year of 2,104,840 vs 300,404.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19306" NEWID="2888">
+<DATE> 6-MAR-1987 16:41:43.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0597&#31;reute
+r f BC-KNIGHT-RIDDER-&lt;KRI>-J   03-06 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KNIGHT-RIDDER &lt;KRI> JANUARY REVENUES RISE</TITLE>
+<DATELINE>    MIAMI, March 6 - </DATELINE><BODY>Knight-Ridder Inc said its newspaper
+advertising revenues for the month of January rose 9.1 pct to
+105.1 mln dlrs from 96.3 mln dlrs a year earlier.
+    It said January broadcasting revenues rose 48.8 pct to 6.8
+mln dlrs from a year ago, but include the results of three
+stations absent in the prior year period. Business Information
+Services revenues rose 5.9 pct to 7.2 mln dlrs, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19307" NEWID="2889">
+<DATE> 6-MAR-1987 16:42:51.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0599&#31;reute
+u f BC-BENEFICIAL-CORP-&lt;BNL>   03-06 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENEFICIAL CORP &lt;BNL> DEBT RATINGS CUT BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Standard and Poor's Corp said it
+lowered the ratings on about 3.7 billion dlrs of Beneficial
+Corp's long-term debt.
+    S/P said that its action follows the firm's sizeable 186.6
+mln dlr loss at year-end 1986. It also reflects S/P's
+expectation that Beneficial's profitability will not return to
+pre-1986 levels soon after the firm's recent corporate
+restructuring efforts have been completed.
+    Ratings lowered include the company's senior debt to
+A-minus from A and commercial paper to A-2 from A-1. The issues
+had been on creditwatch since January 2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19308" NEWID="2890">
+<DATE> 6-MAR-1987 16:43:11.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0600&#31;reute
+d f BC-BRADLEY-&lt;BRLY>-ANNOUN   03-06 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRADLEY &lt;BRLY> ANNOUNCES LONG-TERM LEASE</TITLE>
+<DATELINE>    BOSTON, March 6 - </DATELINE><BODY>Bradley Real Estate Trust said it signed
+a 99-year lease for property in downtown Minneapolis to BCED
+Minnesota Inc.
+    The lease will increase net income by about 24 cts a share
+on a post-February 1987 three-for-two stock split basis. For
+1986, the Trust reported net income of 1.3 mln dlrs or 38 cts a
+share on a post-split basis.
+    Bradley will also be entitled to a one-time additional
+rental payment of 30 cts a share upon BCED entering into a
+space lease with a prime national tenant and a share in a
+portion of net cash flow from operations on the property.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19309" NEWID="2891">
+<DATE> 6-MAR-1987 16:45:59.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0604&#31;reute
+d f AM-EGYPT-AID   03-06 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT TO RECEIVE 115 MLN DLR CASH GRANT</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The United States said it was
+transferring 115 mln dlrs in aid to Egypt as a cash grant to
+help boost Cairos' ailing economy.
+    The funds are part of 815 mln dlrs in economic aid voted by
+Congress for 1987.
+    State Department spokeswoman Phyllis Oakley stressed that
+the transfer was not unexpected, and told reporters "We simply
+want to point out our continued support for Egypt's reform and
+the efforts they are taking to reform the economy and create
+economic growth."
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19310" NEWID="2892">
+<DATE> 6-MAR-1987 16:51:03.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0613&#31;reute
+h f BC-HOGAN-SYSTEMS-&lt;HOGN>   03-06 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOGAN SYSTEMS &lt;HOGN> GETS AMSTERDAM CONTRACT</TITLE>
+<DATELINE>    DALLAS, March 6 - </DATELINE><BODY>Hogan Systems Inc said it signed a
+software contract with Amsterdam Rotterdam Bank N.V.
+    The contract is valued at about two mln dlrs over the new
+two years, Hogan said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19311" NEWID="2893">
+<DATE> 6-MAR-1987 16:51:32.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0615&#31;reute
+f f BC-******SEMICONDUCTOR-A   03-06 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEMICONDUCTOR ASSOCIATION SAYS FEBRUARY BOOK-TO-BILL RISES TO 1.13
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19312" NEWID="2894">
+<DATE> 6-MAR-1987 16:53:00.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0617&#31;reute
+r f BC-HELLER-SEES-GLOBAL-TR   03-06 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELLER SEES GLOBAL TREND FOR BANK RULES</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Federal Reserve Board member Robert
+Heller said the trend toward global financial markets required
+that all participants be treated even-handedly on such matters
+as bank capital requirements.
+    The recent U.S.-U.K. agreement on capital adequacy provided
+a model for others, including Japan, Heller told a Georgetown
+University conference on financial markets.
+    "If they (the Japanese bank) want to do more business in
+Europe or the United States they have got to adhere to
+international standards," he said.
+    Heller said there were talks currently between the United
+States and Japan on bank rules.
+    He said the trend toward internationalization in financial
+services would cause markets to move to centers with the least
+regulation.
+    "That is not desirable.  We want to have a sensible amount
+of regulation," Heller said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19313" NEWID="2895">
+<DATE> 6-MAR-1987 16:54:16.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0619&#31;reute
+u f BC-GINNIE-MAE-DROPS-FEE   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GINNIE MAE DROPS FEE INCREASE ON SECURITIES</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The Government National Mortgage
+Association has decided not to raise its guarantee fee on
+mortgage securities, Louis Gasper, Ginnie Mae executive vice
+president said.
+    Ginnie Mae, which guarantees securities backed by Federal
+Housing Administration and Veterans Administration mortgages,
+had planned to raise the fee March one from six basis points to
+10 basis points. Mortgage bankers strongly opposed the proposed
+fee increase.
+    Gasper said it became apparent Congress was ready to pass
+legislation that would have rescinded the fee increase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19314" NEWID="2896">
+<DATE> 6-MAR-1987 16:56:19.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0622&#31;reute
+r f BC-DUMEZ-UNIT-HAS-94-PCT   03-06 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUMEZ UNIT HAS 94 PCT OF WESTBURNE (WBI)</TITLE>
+<DATELINE>    MONTREAL, March 6 - </DATELINE><BODY>(Dumez Investments I Inc) said 94.7 pct
+of Westburne International Industries Ltd's outstanding common
+shares have been deposited under its takeover bid.
+    It said it has received about 11,070,000 shares under its
+22.50 dlrs per share offer which expired yesterday.
+    Dumez said it will proceed to acquire the remaining common
+shares to give it 100 pct ownership of Westburne.
+    Dumez is a private company owned jointly by (Dumez S.A.)
+and (Unicorp Canada Corp).            
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19315" NEWID="2897">
+<DATE> 6-MAR-1987 16:57:43.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0626&#31;reute
+d f BC-CANADIAN-NATURAL-RESO   03-06 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN NATURAL RESOURCES TO SELL STAKE</TITLE>
+<DATELINE>    Calgary, Alberta, March 6 - </DATELINE><BODY>&lt;Canadian Natural Resources
+Ltd> said it agreed in principle to sell 80 pct of its working
+interest in certain producing and non-producing natural gas
+properties located in southwestern Saskatchewan.
+    The transaction is expected to close on April 1, 1987, the
+company said. It did not identify the buyer nor give the
+selling price.
+    Proceeds will be used to satisfy a February 1987 repayment
+demand by one of the company's lenders. Any excess proceeds
+will be added to working capital, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19316" NEWID="2898">
+<DATE> 6-MAR-1987 16:57:59.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0628&#31;reute
+d f BC-MALRITE-BUYS-COX'S-RA   03-06 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALRITE BUYS COX'S RADIO STATION UNIT</TITLE>
+<DATELINE>    CLEVELAND, March 6 - </DATELINE><BODY>&lt;Malrite Guaranteed Broadcast Partners
+L.P.> said it bought WTRK Inc from &lt;Cox Enterprises Inc> for
+13.8 mln dlrs in cash.
+    It said WTRK owns and operates WTRK-FM, a Philadelphia
+radio station. Transfer of the license for the sation has been
+approved by the Federal Communications Commission.
+    Malrite Guaranteed said it is a limited partnerhip formed
+to acquire and operate radio and tv stations. It said Malrite
+Communications Group Inc &lt;MALR> is the general partner.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19317" NEWID="2899">
+<DATE> 6-MAR-1987 16:58:35.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0631&#31;reute
+d f BC-ANALYSIS/TECHNOLOGY-&lt;   03-06 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSIS/TECHNOLOGY &lt;AATI> WINS NAVY CONTRACTS</TITLE>
+<DATELINE>    NORTH STONINGTON, Conn., March 6 - </DATELINE><BODY>Analysis and Technology
+Inc said it won contracts and increases in existing contracts
+valued at 2.9 mln dlrs from the U.S. Navy in February.
+    The awards include 1.8 mln dlrs an extension of an existing
+contract for engineering and technical services and 1.1 mln
+dlrs in several smaller contracts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19318" NEWID="2900">
+<DATE> 6-MAR-1987 17:01:19.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A F
+&#22;&#22;&#1;f0637&#31;reute
+u f BC-FORGED-EXXON-&lt;XON>-ZE   03-06 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORGED EXXON &lt;XON> ZERO-COUPON EURONOTES FOUND</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Exxon Corp said that forgeries of a
+20-year zero-coupon Euronote issued by its Exxon Capital Corp
+subsidiary have been discovered in the European market.
+    The issue involved was launched in 1984 and matures on
+November 15, 2004. About 1,900 notes with a total face value of
+19 mln dlrs and a market value of about four mln dlrs have been
+identified so far, the company said.
+    Exxon said that Morgan Guaranty Trust Co, the fiscal and
+paying agent for the issue, Euro-clear and Cedel (the two major
+European securities clearing systems), and police in London and
+Brussels are investigating the case.
+    Indications of forgeries came to light on Wednesday at
+Morgan Guaranty Trust Co in London, which acts as Euro-clear's
+depositary, and Exxon said they were confirmed today.
+    Euro-clear told Exxon that it has examined to its
+satisfaction all the notes at the depositary and is checking
+the authenticity of new deposits of the notes as they enter the
+Euro-clear System.
+    Cedel is also reviewing all notes within its system, Exxon
+added. At Exxon's direction, Morgan Guaranty Trust Co stands
+ready to validate any notes in order to establish their
+authenticity, Exxon said.
+    A spokeswoman for Exxon was unable to say whether
+secondary-market trading in the notes had been affected or who
+would have legal responsibility for reimbursing defrauded
+investors.
+    Zero-coupon forgeries have turned up in the Euromarket
+before. Because there are no interest coupons attached to the
+bond certificates, they are easier to forge than coupon issues,
+market sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19319" NEWID="2901">
+<DATE> 6-MAR-1987 17:05:26.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0640&#31;reute
+u f BC-LYNG-SAYS-EXPORT-BONU   03-06 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG SAYS EXPORT BONUS COULD BE FUNDED FROM CCC</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Agriculture Secretary Richard Lyng
+said the export enhancement program (eep) could be funded from
+the Commodity Credit Corporation (CCC) if the one billion dlrs
+appropriated for export bonus by Congress is exhausted.
+    Lyng told reporters lack of funding should not be a
+constraint on the program because USDA has the authority to use
+CCC funds to continue the program. He noted Congress authorized
+up to 1.5 billion dlrs for eep.
+    Earlier this week, Leo Mayer, associate administrator of
+USDA's Foreign Agricultural Service, said 865 mln dlrs of the
+one billion in appropriated funds for eep have been used. USDA
+officials said if all the eep offers announced are accepted by
+importing countries the one billion dlrs would be exhausted
+soon.
+    Some Congressional sources have expressed concern that the
+Office of Management and Budget (OMB) might try to block USDA
+from seeking more than the one billion dlrs appropriated for
+the program.
+    These sources suggested the lack of funds might force USDA
+to halt the program, which some commodity groups believe has
+given a boost to U.S. exports of some farm products,
+particularly wheat and wheat flour.
+    However, Lyng's comments seemed to suggest that USDA could
+at least temporarily continue the program using CCC funds and
+would not be forced to curtail eep.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19320" NEWID="2902">
+<DATE> 6-MAR-1987 17:11:13.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0657&#31;reute
+u f BC-CYACQ-EXTENDS-TENDER   03-06 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYACQ EXTENDS TENDER FOR CYCLOPS &lt;CYL></TITLE>
+<DATELINE>    DAYTON, Ohio, March 6 - </DATELINE><BODY>Cyacq Corp said it extended its 80
+dlr a share tender offer for Cyclops Corp to March 20 from
+today.
+    Cyacq was formed by Citicorp Capital Investors Ltd and
+Audio Video Affiliates INc &lt;AVA> to acquire Cyclops. THe tender
+offer began on February six.
+    The offer is conditioned upon at least 80 pct of the
+outstanding shares and at least 80 pct of the voting securities
+being tendered before expiration of the offer.
+    As of March six, only 353 shares of Cyclops' 4.1 mln
+outstanding shares had been tendered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19321" NEWID="2903">
+<DATE> 6-MAR-1987 17:11:36.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f0658&#31;reute
+r f BC-INT'L-RECTIFIER-&lt;IRF>   03-06 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L RECTIFIER &lt;IRF> DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Standard and Poor's Corp said it cut to
+CCC from B-minus International Rectifier Corp's 58 mln dlrs of
+convertible subordinated debentures due 2010.
+    The company's implied senior debt rating is B-minus.
+    S and P said the downgrade reflected expectations of
+restricted financial flexibility through at least the
+intermediate term. It also cited a highly leveraged balance
+sheet and reduced access to capital.
+    The rating agency said International Rectifier's ability to
+reduce high debt levels and interest expense through cash from
+operations is very limited.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19322" NEWID="2904">
+<DATE> 6-MAR-1987 17:12:54.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0665&#31;reute
+r f BC-CONTINENTAL-AIRLINES   03-06 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL AIRLINES FILES FOR NOTE OFFERING</TITLE>
+<DATELINE>    HOUSTON, Texas, March 6 - </DATELINE><BODY>Continental Airlines Inc, a unit
+of Texas Air Corp, said it filed a registration statement with
+the Securities and Exchange Commission relating to 100 mln dlrs
+principal amount of Senior Notes due 1997 guaranteed by Texas
+Air Corp.
+    Interest will be payable March 15 and September 15
+beginning September 15, 1987.
+    Proceeds will be added to Continental's corporate funds to
+provide additional liquidity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19323" NEWID="2905">
+<DATE> 6-MAR-1987 17:13:55.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0671&#31;reute
+d f BC-newfoundland-capital   03-06 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWFOUNDLAND CAPITAL TO ISSUE DEBENTURES</TITLE>
+<DATELINE>    TORONTO, March 6 - </DATELINE><BODY>&lt;Newfoundland Capital Corp Ltd> said it
+will issue 25 mln dlrs principal amount of eight pct
+convertible subordinated debentures.
+    Underwriter is Loewen, Ondaatje, McCutcheon and Co Ltd. Net
+proceeds will be used for working capital, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19324" NEWID="2906">
+<DATE> 6-MAR-1987 17:14:38.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0674&#31;reute
+b f BC-SEMICONDUCTOR-FEBRUAR   03-06 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEMICONDUCTOR FEBRUARY BOOK-TO-BILL RATIO 1.13</TITLE>
+<DATELINE>    CUPERTINO, Calif., March 6 - </DATELINE><BODY>The Semiconductor Industry
+Association said the February three-month average book-to-bill
+ratio was 1.13 pct, compared to a revised 1.12 pct in January.
+    The January figure was revised from the 1.11 pct reported
+last month.
+    In its monthly survey of U.S., European and Japanese
+semiconductor makers, the association said average orders for
+February totaled 788.2 mln dlrs, compared with 780.2 mln in
+January and 684.3 mln in February a year ago.
+    A book-to-bill ratio of 1.13 means that for every 100 dlrs
+worth of product shipped, manufacturers received 113 dlrs worth
+of new orders.
+    The association said February shipments were 677.8 mln
+dlrs, up 4.9 pct from the 645.9 mln shipped during January and
+seven pct higher than the 633.5 mln reported in February a year
+ago.
+    Three month average billings for February totaled 699.4 mln
+dlrs, up 0.2 pct from January's 697.8 mln, the association also
+said.
+    "The continuing improvement in the U.S. semiconductor
+market reflects the fact that U.S. electronics equipment
+manufacturers' sales are finally increasing," Semiconductor
+Industry Association president Andrew Procassini said.
+    The figures of the past few months suggest that the
+industry is experiencing a gradual recovery that is likely to
+continue, said Edward White, semiconductor analyst at E.F.
+Hutton Group Inc.
+    But he also said semiconductor makers still need a pickup
+in capital spending within the high-technology sector before
+any dramatic upturn can take place.
+    The February figures show strong single-month improvement
+in the semiconductor industry, but after closer examination
+they may prove to be disappointing to investors, said Michael
+Gumport, an analyst at Drexel Burnham Lambert Inc.
+    "On the face of it these numbers are below recent
+expectations," Gumport also said.
+    A 1.15 or higher book-to-bill ratio had been expected,
+Gumport said.
+    He also said the three month average book-to-bill ratio,
+which was reported earlier than expected, reflected a downward
+revision in the December order total, Gumport said.
+    December's order rate amounted to 757.5 mln dlrs, down from
+the earlier-reported 783.8 mln dlrs, the association said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19325" NEWID="2907">
+<DATE> 6-MAR-1987 17:14:46.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0675&#31;reute
+r f BC-MONO-GOLD-SAYS-PARTNE   03-06 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONO GOLD SAYS PARTNERSHIP AGREES TO BUY SHARES</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 6 - </DATELINE><BODY>&lt;Mono Gold Mines
+Inc> said &lt;NIM and Co Ltd> Partnership agreed to buy
+flow-through shares with an aggregate purchase price of up to
+300,000 dlrs.
+    It said, subject to fulfillment of certain conditions, the
+price of the shares to NIM will be 79.6 cts per share, and said
+it will issue 376,955 shares to the partnership.
+    Mono also said options to buy up to 300,000 dlrs of its
+capital stock at 65 cts per share expire March three. It said
+39,000 options have been exercised to net the company 25,530
+dlrs to be added to working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19326" NEWID="2908">
+<DATE> 6-MAR-1987 17:17:00.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0678&#31;reute
+r f BC-USLICO-CORP-&lt;USVC>-IN   03-06 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USLICO CORP &lt;USVC> INCREASES DIVIDEND</TITLE>
+<DATELINE>    ARLINGTON, Va, March 6 -
+    </DATELINE><BODY>Qtly div 22 cts vs 20 cts prior
+    payable March 27
+    Record March 18
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19327" NEWID="2909">
+<DATE> 6-MAR-1987 17:17:22.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0680&#31;reute
+b f BC-USAIR   03-06 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USAIR GROUP REQUESTS TRANSPORTATION DEPARTMENT ORDER TWA TO DIVEST STAKE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19328" NEWID="2910">
+<DATE> 6-MAR-1987 17:17:34.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0681&#31;reute
+r f BC-exspetalnick---pls-in   03-06 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAIRMAN OF KING WORLD &lt;KWP> FACES CHARGES</TITLE>
+<DATELINE>    Miami, March 6 - </DATELINE><BODY>Roger King, chairman of King World
+Productions Inc, faces charges of cocaine possession, auto
+theft and strong-arm robbery stemming from his arrest in Fort
+Lauderdale, Fla., last month, police said.
+    The report of King's legal problems sent the stock of his
+company -- a syndicator of some of television's most popular
+talk and game shows -- down sharply on Wall Street.
+    Fort Lauderdale police spokesman Ott Cefkin said King was
+arrested on February 21 on charges that he beat up a taxi
+driver during a dispute over a fare and then stole the man's
+car. After King was taken in custody, police found three small
+bags of cocaine in his shirt pocket, Cefkin said.
+    King World distributes Wheel of Fortune, Jeopardy and the
+Oprah Winfrey Show. According to the police report, King, 42,
+was in Fort Lauderdale visiting his brother when the incident
+occurred.
+    Police said a taxi driver picked King up outside a Fort
+Lauderdale night club but stopped the car after a short
+distance when he became concerned that his passenger would be
+unable to pay the fare.
+  "Mr. King attacked the driver, punched him and then took the
+cab and drove off," Cefkin said.
+  King was arrested by police a few minutes later and was
+charged with strong-arm robbery, auto theft and possession of a
+small quantity of cocaine, police said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19329" NEWID="2911">
+<DATE> 6-MAR-1987 17:20:12.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0688&#31;reute
+d f BC-JACOBS-REPLACED-AS-MI   03-06 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JACOBS REPLACED AS MINSTAR &lt;MNST> PRESIDENT</TITLE>
+<DATELINE>    MINNEAPOLIS, March 6 - </DATELINE><BODY>Minstar Inc said Kenneth J.
+Severinson was named president and chief operating officer to
+succeed Irwin L. Jacobs.
+    Jacobs remains chairman and chief executive officer of the
+company.
+    Severinson has most recently worked as president of
+Minstar's energy services group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19330" NEWID="2912">
+<DATE> 6-MAR-1987 17:21:18.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0691&#31;reute
+d f BC-DIPLOMAT-ELECTRONICS   03-06 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIPLOMAT ELECTRONICS &lt;DPEC> TO CUT COSTS</TITLE>
+<DATELINE>    MELVILLE, N.Y., March 6 - </DATELINE><BODY>Diplomat Electronics Corp said it
+will reduce expenses by four mln dlrs a year in an effort to
+stem losses and return to a positive net worth.
+    The company also said certain lenders agreed to take a 24
+pct stake in the company by converting seven mln dlrs of debt
+into preferred stock.
+    Diplomat said it will cut costs by several means, including
+dismissal of 100 workers at its corporate headquarters,
+consolidation of its warehousing and shipping operations and
+reduction of management salaries. Moreover, it said it will
+relocate its headquarters to Glendale, Calif.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19331" NEWID="2913">
+<DATE> 6-MAR-1987 17:21:59.34</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>cornglutenfeed</D><D>meal-feed</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0692&#31;reute
+r f BC-U.S.-CORN-GROWERS-BLA   03-06 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORN GROWERS BLAST CANADA CORN RULING</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>Canada's ruling in favor of a duty on
+U.S. corn was a keen disappointment to the National Corn
+Growers Association and has set a dangerous precedent for other
+nations to follow, said Mike Hall, lobbyist for the
+association.
+    "The French corn growers will clearly charge ahead now and
+just change corn to corn gluten feed" in their complaint, Hall
+told Reuters.
+    A Canadian government agency ruled today that U.S. farm
+policies are causing injury to Canadian corn farrmers and
+supported an earlier imposed countervailing duty of about 85
+cts per bushel.
+    "This was cleary a political decision," Hall said. "The
+amount of corn we export to Canada is insignificant."
+    The unexpected ruling appeared to be based on the agrument
+that Canada bases its corn prices on U.S. futures prices and
+that American farm policy has driven down these prices, thus
+causing lower prices to Canadian farmers and larger government
+payments through its farm stabilization program, Hall said.
+    Hall said this is a new definition for injury, but that
+other nations might also now apply this same argument to attack
+U.S. farm programs.
+    The French corn growers could now charge that U.S. farm
+programs create an unfair subsidy for corn gluten feed, Hall
+said. The French have long wanted to control the imports of
+U.S. corn gluten feed into the community, saying that the
+imported feed was unfairly displacing European grain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19332" NEWID="2914">
+<DATE> 6-MAR-1987 17:22:21.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0694&#31;reute
+d f BC-AIRCOA-&lt;AIRC>-FORMS-L   03-06 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRCOA &lt;AIRC> FORMS LIMITED PARTNERSHIP</TITLE>
+<DATELINE>    DENVER, March 6 - </DATELINE><BODY>AIRCOA said it formed AIRCOA Hotel
+Partners LP, a limited partnership formed to acquire and
+operate hotel and resort properties.
+    AIRCOA said it holds a one pct general partner interest in
+the partnership. The remaining 99 pct interest is held by
+AIRCOA affiliates, it said.
+    AIRCOA said it plans to file a registration statement for
+the public offering of limited partnership interests. Net
+proceeds would be used to refinance the partnerships unsecured
+debt and for capital improvements to hotels, it said.
+    AIRCOA said the partnership bought seven hotel and resort
+properties from its affiliates.
+    It said financing for the acquisitions was provided by a 90
+mln dlr mortgage loan from Bankers Trust Co and Cassa Di
+Risparmio Di Torino of New York.
+    The partnership also received 30 mln dlrs of unsecured
+loans from a group of institutional lenders and 10 mln dlrs in
+subordinated debt from AIRCOA, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19333" NEWID="2915">
+<DATE> 6-MAR-1987 17:24:46.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0699&#31;reute
+s f BC-DOLLAR-GENERAL-CORP-&lt;   03-06 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR GENERAL CORP &lt;DOLR> QTLY DIVIDEND</TITLE>
+<DATELINE>    SCOTTSVILLE, Ky, March 6 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Payable April three
+    Reocrd March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19334" NEWID="2916">
+<DATE> 6-MAR-1987 17:29:02.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0716&#31;reute
+r f BC-HEALTHCARE-SERVICES-&lt;   03-06 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHCARE SERVICES &lt;HSAI> SEES WRITE-OFFS</TITLE>
+<DATELINE>    BIRMINGHAM, Ala, March 6 - </DATELINE><BODY>Healthcare Services Of America
+Inc said it will write off about 16 mln dlrs in non-recurring
+expenses in 1986.
+    It also said it expects income from operations to be about
+breakeven for 1986 and the estimated loss for the year to be
+about the same as the writeoffs.
+    Results will be released by March 31, 1987.
+    Included in the writeoffs were six mln dlrs in
+developmental costs, six mln dlrs in unamortized loan costs and
+debt discounts and four mln dlrs in other non-recurring costs.
+    The company said it continues to be in default of certain
+financial and non-financial covenants set forth in its major
+loan documents.
+    It said negotiations continue with the banks, but has no
+assurance that such funding will continue.
+    It said it authorized Smith barney, Harris Upham and Co to
+seek a business combination with third parties.
+    Healthcare also said the board has authorized the sale or
+lease of certain assets to reduce the cash required from the
+revolving credit line for completion of current construction
+projects.
+    For the year ended December 31, 1985 Healthcare reported
+net income of 3.5 mln dlrs on sales of 54.4 mln dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19335" NEWID="2917">
+<DATE> 6-MAR-1987 17:36:51.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0730&#31;reute
+u f BC-USAIR-&lt;U>-SEEKS-ORDER   03-06 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> SEEKS ORDER AGAINST TWA &lt;TWA></TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>USAir Group said it sought the help
+of the U.S. Department of Transportation in its takeover fight
+with Trans World Airlines Inc, asking the Department to order
+TWA to sell its USAir shares.
+    "What they have done is in direct violation of the Federal
+Aviation Act," USAir said.
+    It said TWA week filed a cursory application with the
+Department of Transportation for approval of its proposed 1.65
+billion dlr takeover of USAir.
+    USAir rejected the offer and said it asked the Department
+of Transportation to dismiss the application.
+    USAir said it requested the dismissal because TWA avoided
+pre-merger notification requirements, and also did not provide
+a competitive and public interest analysis required under
+regulations.
+    USAir said if the application is dismissed, TWA would be
+limited to buying only 1.5 pct of its 31.7 mln outstanding
+shares. If the application is approved, TWA could buy up to 10
+pct, it said. TWA has said it owns less than 10 pct of USAir's
+stock.
+    TWA today revealed that it has increased its holdings to
+more than four mln USAir shares, 15 pct of the outstanding.
+    TWA vice president general counsel Mark Buckstein said the
+company had made appropriate filings with the DOT and was in
+compliance with the law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19336" NEWID="2918">
+<DATE> 6-MAR-1987 17:37:34.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0732&#31;reute
+d f BC-PARK-OHIO-INDUSTRIES   03-06 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARK-OHIO INDUSTRIES INC &lt;PKOH> 4TH QTR NET</TITLE>
+<DATELINE>    CLEVELAND, March 6 -
+    </DATELINE><BODY>Shr loss 52 cts vs profit 1.07 dlr
+    Net loss 2,917,000 vs profit 5,963,000
+    Revs 34.1 mln vs 40.3 mln
+    Year
+    Shr loss 1.39 dlr vs profit 1.24 dlr
+    Net loss 7,749,000 vs profit 6,946,000
+    Revs 138.6 mln vs 186.2 mln
+    NOTE: 1986 net includes certain non-recurring charges of
+about 5,506,000 dlrs for a number of items.
+    1985 4th qtr and yr net includes extraordinary credit of
+4,974,000 dlrs or 89 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19337" NEWID="2919">
+<DATE> 6-MAR-1987 17:49:55.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0751&#31;reute
+r f BC-BMC-INDUSTRIES-INC-&lt;B   03-06 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BMC INDUSTRIES INC &lt;BMC> 4TH QTR LOSS</TITLE>
+<DATELINE>    ST. PAUL, Minn., March 6 -
+    </DATELINE><BODY>Shr loss 1.20 dlrs vs loss 1.97 dlrs
+    Net loss 6,248,000 vs loss 10.2 mln
+    Revs 33.1 mln vs not given
+    Year
+    Shr loss 1.25 dlrs vs loss 13.44 dlrs
+    Net loss 6,508,000 vs loss 69.6 mln
+    Revs 123.4 mln vs not given
+    NOTE: Results include charges of five mln dlrs or 96 cts
+shr for 1986 qtr and year, compared with charge of 72.2 mln
+dlrs or 13.94 dlrs shr in prior year from discontinued
+operations and disposal of discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19338" NEWID="2920">
+<DATE> 6-MAR-1987 17:52:16.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0754&#31;reute
+r f BC-UNITED-COMPANIES-&lt;UNC   03-06 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED COMPANIES &lt;UNCF> DECLARES STOCK DIVIDEND</TITLE>
+<DATELINE>    BATON ROUGE, La, March 6 - </DATELINE><BODY>United Companies Financial Corp
+said its board declared a two pct stock dividend payable APril
+eight to holders of record March 17.
+    The board also declared a regular quarterly cash dividend
+of 12.5 cts payable April one to holders of record March 16.
+                                                   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19339" NEWID="2921">
+<DATE> 6-MAR-1987 17:53:19.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0755&#31;reute
+r f BC-STEINBERG-SIGNS-UP-IN   03-06 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEINBERG SIGNS UP INDEPENDENT GROCERS</TITLE>
+<DATELINE>    MONTREAL, March 6 - </DATELINE><BODY>&lt;Steinberg Inc> said it has affiliated
+the first two independent grocers in the Montreal area to the
+Steinberg banner. It said it plans to announce shortly
+affiliations with independent grocers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19340" NEWID="2922">
+<DATE> 6-MAR-1987 17:55:32.37</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0756&#31;reute
+r f BC-U.S.-FARM-PROGRAMS-HE   03-06 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM PROGRAMS HELP CANADIAN CORN PRODUCERS</TITLE>
+<DATELINE>    PARK RIDGE, ILL., March 6 - </DATELINE><BODY>An American Farm Bureau
+Federation (AFBF) official said that far from hurting Canadian
+corn producers, U.S. farm programs benefit all foreign
+producers.
+    AFBF president Dean Kleckner made the comments in response
+to the ruling earlier today by the Canadian Import Tribunal
+that subsidized U.S. corn imports were injurious to Canadian
+growers. The tribunal upheld a countervailing duty of 84.9 U.S.
+cents a bushel.
+    "Farm Bureau specialists went to Ottawa and testified
+previous U.S. farm programs have actually benefited all foreign
+producers by reducing the amount of corn grown in the U.S. (and
+losing market share), while exerting an upward influence on the
+price of corn Worldwide," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19341" NEWID="2923">
+<DATE> 6-MAR-1987 17:56:05.28</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>un</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0757&#31;reute
+r f AM-PETROLEUM   03-06 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.N. ISSUES REPORT ON NATURAL GAS CLAUSES</TITLE>
+<DATELINE>    UNITED NATIONS, March 6 - </DATELINE><BODY>The U.N. Centre on Transnational
+Corporations has issued a report containing guidelines and
+recommendations for negotiating natural gas clauses in
+agreements between transnational petroleum corporations and
+host countries.
+    The U.N. said the report was aimed at promoting petroleum
+exploration in areas perceived as being gas prone. The 49-page
+report contains an in-depth examination of the problems of gas
+developoment and looks at different ways in which contractual
+terms might deal with the risks in gas development associated
+with pricing, marketing and volume.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19352" NEWID="2924">
+<DATE> 6-MAR-1987 17:57:43.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0760&#31;reute
+u f BC-TAFT&lt;TFB>-BIDDERS-WOU   03-06 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAFT&lt;TFB> BIDDERS WOULD SELL ENTERTAINMENT UNIT</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>A proposed buyout of Taft Broadcasting
+Co by Dudley Taft and other investors includes a plan to sell
+the company's Entertainment Group, according to one of the
+investors.
+    Jonathan Nelson, managing director of Narragansett Capital
+Corp &lt;NARR>, which is participating in the buyout plan,
+declined to say if buyers have already been lined up for the
+Entertainment Group. "We are considering selling the group,"
+Nelson said. Wall Street analysts said any of the Hollywood
+film studios which might be interested.
+    Taft Broadcasting Co did not comment on the 145 dlr per
+share offer. Taft has 9.2 mln shares outstanding, of which 12
+pct are owned by the Taft and Ingalls families.
+    Dudley Taft relinquished the title of president in July but
+continues as vice chairman of the company.
+    Taft-Narragansett requsted a response to its proposal by
+March 12.
+    If the plan is accepted, Taft would be a private company
+financed by high yield bonds and bank debt, Nelson said.
+Narragansett is an investment management company specializing
+in leveraged buyout transactions.
+    Taft shares climbed 19 to 151-1/2, causing arbitrageurs to
+say investors believe the bidders may raise their price.
+    Robert M. Bass, who controls 25 pct of the stock, and
+American Financial Corp, holder of 15 pct, did not return
+telephohe calls seeking comment.
+    But Dennis McAlpine, analyst at Oppenheimer and Co, said "I
+don't think it's worth 150 dlrs." He noted Taft recently agreed
+to sell a group of independent television stations at a loss.
+He said the entertainment group, which includes the
+Hanna-Barbara animation studios, is currently hampered by a
+glut of animated product.
+    Taft Broadcasting has never commented on reports that its
+major stockholders met recently to discuss a break-up of the
+company.
+    MacAlpine said there are lots of options for reshaping the
+company with a distribution of various pieces to the major
+shareholders among the possibilities.
+    Analyst Alan Gottesman of L.F. Rothschild, Unterberg Towbin
+Inc said the Bass group has been increasing its stake in the
+belief the company would be worth more with a change in its
+strategy. He said Bass pushed for sale of the independent
+television stations because the company paid too much.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19342" NEWID="2925">
+<DATE> 6-MAR-1987 17:58:51.63</DATE>
+<TOPICS><D>interest</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f0762&#31;reute
+u f BC-fin-futures-outlook   03-06 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POSITIVE OUTLOOK TEMPERED IN U.S. DEBT FUTURES</TITLE>
+<AUTHOR>    By Brad Schade, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 6 - </DATELINE><BODY>Higher oil prices and stronger than
+expected U.S. employment growth led to sharp losses in U.S.
+interest rate futures and diminished what had been a positive
+chart outlook, financial analysts said.
+    The increase of 319,000 in non-farm payroll employment
+during February was above market expectations for a rise of
+170,000 to 200,000 jobs and sparked selling in Treasury bond
+futures that drove the June contract through key technical
+support at 101-2/32 at the opening Friday, they noted.
+    "I don't like that fact that we had a close below 101,"
+said Prudential Bache analyst Fred Leiner. The 101-2/32 level
+in the June bond contract had been the top of a three-month
+trading range, which when penetrated during the rally Wednesday
+led to bullish forecasts by chartists.
+    But analysts called it a false breakout on the weekly
+charts when the June bond closed at 100-10/32 Friday.
+    Some also forecast that the high of the week at 101-19/32
+may signal a bearish double top formation portending steep
+losses.
+    "I tend to go along with the double top scenario," said
+Northern Futures analyst Eileen Rico.
+    Rico noted that the possible formation, along with the fact
+that the rally of the last two weeks in bond futures has
+occurred on relatively low volume, were negative signals.
+    Despite what could be a negative chart outlook, Leiner
+remains cautiously optimistic, and June bonds should find
+support between 100 and 99-16/32 next week.
+    The optimistic outlook, as well as Leiner's expectation
+that the yield curve will flatten in the near term, is based on
+an improving inflation outlook.
+    With the dollar stable and economic data giving the Federal
+Reserve little room to ease monetary policy, "the inflation
+outlook is improving," Leiner said, and that should lead to
+relatively stronger bond prices than bill and Eurodollar
+prices.
+    Still, Leiner noted that the recent rise in oil prices
+remains a concern for the inflation outlook.
+    Oil rose during the week on reports that OPEC nations were
+maintaining production quotas and official prices, and got an
+extra boost Friday due to the suspension of oil exports from
+Ecuador after an earthquake Thursday.
+    "The runup in crude oil will be a short-lived phenomenon,"
+said Carroll McEntee and McGinley analyst Brian Singer.
+    The rise in oil prices over the past week has been largely
+"media induced," Singer said. He noted that even though OPEC
+production may be within quotas, "oil stocks are at
+tremendously high levels."
+    Although the Ecuador situation could cause a delay, oil
+prices will eventually decline to the lows of late February, he
+said, and that will be a supportive influence for bond prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19343" NEWID="2926">
+<DATE> 6-MAR-1987 17:59:55.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0764&#31;reute
+d f BC-SANDOX-BUYS-STAUFFER   03-06 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANDOX BUYS STAUFFER SEEDS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 6 - </DATELINE><BODY>Sandoz Corp's Northrup King Co said
+it bought Stauffer Seeds, a unit of Stauffer Chemical Co.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19344" NEWID="2927">
+<DATE> 6-MAR-1987 18:00:22.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0765&#31;reute
+w f BC-ENERGEN-&lt;EGN>-BUYS-MU   03-06 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGEN &lt;EGN> BUYS MUNICIPAL GAS SYSTEM</TITLE>
+<DATELINE>    BIRMINGHAM, Ala, March 6 - </DATELINE><BODY>Energen Corp said it has
+acquired the distribution system of the City of Clanton, Ala.
+for about 1.2 mln dlrs.
+    The 1,800 customer system is the fourth municipal system
+acquired by Energen's Alabama Gas subsidiary since October
+1986, adding a total of 9,600 customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19345" NEWID="2928">
+<DATE> 6-MAR-1987 18:00:35.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0767&#31;reute
+s f BC-SIERRA-PACIFIC-RESOUR   03-06 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIERRA PACIFIC RESOURCES INC &lt;SRP> DIVIDEND</TITLE>
+<DATELINE>    RENO, Nev., March 6 -
+    </DATELINE><BODY>Qtly div 43 cts vs 43 cts prior
+    Payable May one
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19346" NEWID="2929">
+<DATE> 6-MAR-1987 18:01:28.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0772&#31;reute
+h f BC-METEX-CORP-&lt;MTX>-4TH   03-06 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METEX CORP &lt;MTX> 4TH QTR DEC 28</TITLE>
+<DATELINE>    EDISON, N.J., March 6 -
+    </DATELINE><BODY>Shr 22 cts vs 49 cts
+    Net 296,994 vs 657,416
+    Revs 6.5 mln vs 9.5 mln
+    Year
+    Shr 78 cts vs 1.51 dlrs
+    Net 1.0 mln vs 2.0 mln
+    Revs 27.6 mln vs 29.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19347" NEWID="2930">
+<DATE> 6-MAR-1987 18:17:15.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0783&#31;reute
+h f BC-HOUSTON-OIL-TRUST-&lt;HO   03-06 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSTON OIL TRUST &lt;HO> OMITS MARCH DISTRIBUTION</TITLE>
+<DATELINE>    HOUSTON, March 6 - </DATELINE><BODY>Houston Oil Trust said there will be no
+cash distribution to the unit holders in March.
+    The most significant factor for the lack of a distribution
+this month is the establishment of additional special cost
+escrow accounts, the company said, adding, that there may be no
+cash distribution in other months or during the remainder of
+the year.
+    For March, the working interest owner will place 1.9 mln
+dlrs in special cost escrow accounts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19348" NEWID="2931">
+<DATE> 6-MAR-1987 18:17:34.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0784&#31;reute
+r f BC-CORRECTED---MELLON-&lt;M   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - MELLON &lt;MEL> UNIT'S NOTES</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>First Boston Corp said it is selling
+150 mln dlrs of deposit notes due 1992 that it bought from
+Mellon Bank NA, a unit of Mellon Bank Corp.
+    First Boston is offering the notes to the public with a
+7.45 pct coupon and par pricing. That is 73 basis points more
+than the yield of comparable Treasury securities.
+    The issue has a one-time call after three years, First
+Boston detailed. If the notes are not redeemed at that time,
+they will be non-callable to maturity.
+    -- First Boston corrects that it, not Mellon, is selling
+the notes to the public.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19349" NEWID="2932">
+<DATE> 6-MAR-1987 18:18:10.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0787&#31;reute
+r f BC-PUGET-SOUND-POWER-&lt;PS   03-06 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUGET SOUND POWER &lt;PSD> REDEEMS MORTGAGE BONDS</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Puget Sound Power and Light Co said its
+board authorized the redemption on April 20 of the outstanding
+principal amount of 94.7 mln dlrs of first mortgage bonds.
+    The issues included are 29.7 mln dlrs of 9-1/2 pct series
+due 2000 at the regular redemption price of 104.4 pct, 51.74
+mln dlrs of the 9-7/8 pct series due 2008 at the redemption
+price of 100 pct and 13.26 mln dlrs of the 9-7/8 pct series due
+2008 at 106.63 pct.
+    Accrued interest will be added in each case.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19350" NEWID="2933">
+<DATE> 6-MAR-1987 18:18:21.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0789&#31;reute
+d f BC-MONOCLONAL-ANTIBODIES   03-06 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONOCLONAL ANTIBODIES &lt;MABS> BUYS COMPANY</TITLE>
+<DATELINE>    MOUNTAIN VIEW, CALIF, March 6 - </DATELINE><BODY>Monoclonal Antibodies Inc
+said it signed an agreement in principle to buy &lt;Genesis Labs
+Inc> for about 10 mln dlrs of common stock.
+    The agreement is subject to shareholders approval and other
+conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19351" NEWID="2934">
+<DATE> 6-MAR-1987 18:19:28.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0791&#31;reute
+h f BC-SONO-TEK-IN-INITIAL-O   03-06 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONO-TEK IN INITIAL OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>&lt;Sono-Tek Corp> said it began an
+initial public offering of 400,000 shares at a price of five
+dlrs per share.
+    Proceeds will be used to repay debt, product development,
+expansion of facilities and working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19353" NEWID="2935">
+<DATE> 6-MAR-1987 18:22:45.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0795&#31;reute
+r f BC-ATLANTIC-CITY-ELECTRI   03-06 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC CITY ELECTRIC &lt;ATE> DEBT LOWERED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 6 - </DATELINE><BODY>Standard and Poor's Corp said it cut
+the ratings of Atlantic City Electric Co.  About 500 mln dlrs
+of long-term debt and 66 mln dlrs of preferred is outstanding.
+    S/P said prior ratings reflected anticipation of a
+significant improvement in financial condition following the
+completion of the Hope Creek nuclear unit and receipt of
+subsequent rate relief. But the New Jersey Board of Public
+Utilities' recent rate action will not permit enhancement of
+key financial indicators.
+    Ratings lowered include the senior debt to A-plus from
+AA-minus and preferred stock to A from AA-minus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19354" NEWID="2936">
+<DATE> 6-MAR-1987 18:23:28.94</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0797&#31;reute
+d f BC-U.S.-TREASURY-PROPOSE   03-06 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY PROPOSES SOME S. AFRICAN IMPORTS</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The Treasury proposed allowing 
+temporary imports of South African uranium ore and uranium
+oxide until July 1 under certain conditions pending
+clarification of anti-apartheid laws passed by Congress last
+fall.
+    The proposal to be published in the Federal Register next
+week requests written congressional and public comment within
+60 days and deals with uranium ore and oxide that is imported
+for U.S. processing and exporting to third countries.
+    The Treasury said it proposed allowing the temporary
+imports because it felt Congress had not intended when it
+passed the comprehensive South African sanctions bill last fall
+-- overriding President Reagan's veto -- to hurt U.S. industry.
+    "The domestic uranium conversion industry and the federal
+government's enrichment industry could be seriously injured in
+a manner not intended by Congress if the . . . import ban on
+uranium ore and oxide were implemented to bar imports for
+processing and export through a mistaken interpretation of the
+act," the Treasury brief said.
+    The Treasury said an outright U.S. ban of uranium ore and
+oxide might cause foreign electric utilities to divert their
+South African origin ore and oxide to other countries including
+the Soviet Union for processing.
+    Treasury said it would allow imports of the South African
+ore and oxide until July 1 for processing and re-export
+"provided that the imported ore or oxide is accompanies by a
+license for importation issued by the Nuclear Regulatory
+Commission."
+    The Treasury brief also proposed allowing U.S.-origin goods
+to be imported temporarily from South African state-controlled
+organizations for repair or servicing in the United States.
+    "The U.S. Customs will allow such importation to be made
+under bond," the brief said.
+    The South African sanctions law, enacted by the United
+States to protest the apartheid laws of racial segregation
+practiced by South Africa's white minority government,
+prohibited imports of uranium ore and oxide, iron and steel,
+coal and textiles at the end of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19355" NEWID="2937">
+<DATE> 6-MAR-1987 18:26:15.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0802&#31;reute
+r f BC-BMC-INDUSTRIES-&lt;BMC>   03-06 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BMC INDUSTRIES &lt;BMC> UNIT GETS SOVIET CONTRACT</TITLE>
+<DATELINE>    ST. PAUL, Minn., March 6 - </DATELINE><BODY>BMC Industries Inc said its West
+German subsidiary has received a contract valued at about eight
+mln dlrs from the Soviet Union to supply engineering and
+manufacturing services to build a television parts plant.
+    The company's Precision Etched Products unit in Muellheim,
+West Germany, signed the contract to provide services that will
+enable the Soviets to build a plant to make television tube
+aperture masks, it said.
+    A BMC spokesman told Reuters the one-year contract will be
+for about eight mln dlrs. The contract is the first BMC has had
+with the Soviet Union in 10 years ago, he said.
+    The project has received the necessary U.S. government
+clearances, he said.
+    BMC also said it has entered into a joint venture agreement
+with Italy to produce finished single vision plastic eyewear
+lenses using a new manufacturing process. It would provide no
+further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19356" NEWID="2938">
+<DATE> 6-MAR-1987 18:28:26.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0807&#31;reute
+u f BC-BRANIFF-INC-&lt;BAIR>-4T   03-06 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRANIFF INC &lt;BAIR> 4TH QTR LOSS JAN 31</TITLE>
+<DATELINE>    DALLAS, March 6 -
+    </DATELINE><BODY>Shr loss 37 cts vs loss 13 cts
+    Net loss 4.5 mln vs loss 1.5 mln
+    Revs 63.3 mln vs 53.8 mln
+    Year
+    Shr loss 74 cts vs profit 1.87 dlr
+    Net loss 9.0 mln vs profit 23.0 mln
+    Revs 239.5 mln vs 244.3 mln
+    NOTE:1986 net includes extraordinary gain of 10.6 mln dlrs
+from tax loss carryforward in year and loss of 198,000 dlrs in
+4th qtr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19357" NEWID="2939">
+<DATE> 6-MAR-1987 18:32:38.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0811&#31;reute
+f f BC-******JUSTICE-DEPT.-S   03-06 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JUSTICE DEPT. SUPPORTS DISMISSAL OF TWA APPLICATION FOR USAIR CONTROL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19358" NEWID="2940">
+<DATE> 6-MAR-1987 18:37:04.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0812&#31;reute
+f f BC-******TRANSPORTATION   03-06 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRANSPORTATION DEPARTMENT DISMISSES TWA APPLICATION FOR USAIR CONTROL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19359" NEWID="2941">
+<DATE> 6-MAR-1987 18:38:47.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0813&#31;reute
+d f BC-SOUTWESTERN-BELL-&lt;SBC   03-06 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTWESTERN BELL &lt;SBC> TO FILE REVISIONS</TITLE>
+<DATELINE>    DALLAS, March 6 - </DATELINE><BODY>Southwestern Bell Corp said it will file
+revisions with the public Utility Commission for its Dial 976
+Information Delivery Service.
+    The service, available in four Texas cities since November
+1986, allows customers to access sponsor-provided messages by
+dialing numbers that begin with 976.
+    Southwestern Bell said customer concerns center on the need
+for restricting access to adult entertainment messages and for
+greater awareness that charges apply for calls to 976 numbers.
+    It said its revisions are responsive to these concerns.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19360" NEWID="2942">
+<DATE> 6-MAR-1987 18:40:01.66</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0817&#31;reute
+d f BC-U.S.-TREASURY-PROPOSE   03-06 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY PROPOSES S.AFRICAN URANIUM IMPORTS</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The U.S. Treasury proposed allowing 
+temporary imports of South African uranium ore and uranium
+oxide until July 1 under certain conditions pending
+clarification of anti-apartheid laws passed by Congress last
+fall.
+    The Treasury said it proposed allowing the temporary
+imports because it felt Congress had not intended when it
+passed the comprehensive South African sanctions bill last fall
+-- overriding President Reagan's veto -- to hurt U.S. industry.
+    The Treasury said an outright U.S. ban of uranium ore and
+oxide might cause foreign electric utilities to divert their
+South African origin ore and oxide to other countries including
+the Soviet Union for processing.
+    The Treasury also proposed allowing U.S.-origin goods to be
+imported temporarily from South African state-controlled
+organizations for repair or servicing in the U.S.
+    The South African sanctions law, enacted by the U.S. to
+protest the apartheid laws of racial segregation practiced by
+South Africa's white minority government, prohibited imports of
+uranium ore and oxide, iron and steel, coal and textiles at the
+end of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19361" NEWID="2943">
+<DATE> 6-MAR-1987 18:40:52.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0821&#31;reute
+d f BC-BIOMED-RESEARCH-LOSES   03-06 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOMED RESEARCH LOSES TRANSFER AGENT</TITLE>
+<DATELINE>    LOS ANGELES, March 6 - </DATELINE><BODY>Biomed Research Inc said its
+transfer agent, First security Bank of Utah, will not continue
+to act as transfer agent for the company due to nonpayment of
+fees.
+    Since Biomed does not have sufficient funds to pay the
+transfer agent, the company urges against any purchases or
+sales until further notice.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19362" NEWID="2944">
+<DATE> 6-MAR-1987 18:42:19.99</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0823&#31;reute
+b f BC-26-REPORTED-DEAD-IN-F   03-06 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>26 REPORTED DEAD IN FERRY DISASTER</TITLE>
+<DATELINE>    ZEEBRUGGE, Belgium, March 6 - </DATELINE><BODY>At least 26 people died when
+a car ferry struck a pier as it left Belgium for Britain, a
+nurse who took part in the rescue operation said.
+    Jan Van Moerbeke, a male nurse, said on coming off the
+Herald of Free Enterprise that he had found six people on top
+of the vessel who were dead. There were at least another 20
+dead inside the boat, he added.
+    The governor of West Flanders province said 240 people were
+still unaccounted for.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19363" NEWID="2945">
+<DATE> 6-MAR-1987 18:50:29.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0829&#31;reute
+d f BC-CONTINENTAL-FEDERAL-&lt;   03-06 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL FEDERAL &lt;CONF> HOLDER TO SELL STAKE</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 6 - </DATELINE><BODY>Continental Federal Savings and
+Loan Association said it was told that an estate holding 38 pct
+of its stock plans to sell its stake at a premium over the
+current stock price.
+   Continental said the estate of Harold Vernon and certain
+parties have signed a letter of intent to sell the stock for
+12.25 dlrs a share, for a total of about 6,538,000 dlrs.
+Continental's stock closed at seven in over-the-counter
+trading.
+    The thrift said the buyer is &lt;BAC Inc>, a corporation
+acting for certain unindentified parties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19364" NEWID="2946">
+<DATE> 6-MAR-1987 18:50:46.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0830&#31;reute
+d f BC-BROKER'S-CHOICE-TO-BU   03-06 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROKER'S CHOICE TO BUY RUBBERTECH</TITLE>
+<DATELINE>    EXCELSIOR, Minn, March 6 - </DATELINE><BODY>Broker's Choice Capital Inc said
+it signed a letter of intent to buy Rubbertech Inc.
+    If approved by shareholders, Broker's Choice will issue
+about 71 mln shares of authorized, but unissued shares of
+restricted common stock to Rubbertech Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19365" NEWID="2947">
+<DATE> 6-MAR-1987 18:51:39.65</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>argentina</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0831&#31;reute
+u f BC-ARGENTINA-UNAFFECTED   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA UNAFFECTED BY BRAZIL'S MAIZE DECISION</TITLE>
+<DATELINE>    BUENOS AIRES, March 6 - </DATELINE><BODY>A government official said that a
+decision by Brazil not to import maize because it forecast a
+record harvest would not affect Argentina's exports.
+    "We have heard nothing about this, but if Brazil has decided
+not to import maize that is no problem for us as it is not one
+of our main customers," Agriculture, Livestock and Fisheries
+Under-Secretary Miguel Braceras said.
+    Private sources also said Argentina's exports would not be
+affected by Brazil's decision, which Agriculture Minister Iris
+Resende announced yesterday in Sao Paulo.
+    Brazil had not asked for any Argentine maize, they said.
+    They also said a smaller crop and adverse weather this
+summer in Argentina had reduced production.
+    Braceras said that last year Brazil bought 800,000 tonnes
+of Argentine maize but in some years it had not imported any
+from Argentina.
+    The Soviet Union was Argentina's main customer and Japan
+was also becoming a bigger importer of the country's maize, he
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19366" NEWID="2948">
+<DATE> 6-MAR-1987 18:54:54.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0833&#31;reute
+b f BC-DOT-DISMISSES-TWA-&lt;TW   03-06 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOT DISMISSES TWA &lt;TWA>, USAIR &lt;U> APPLICATION</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The U.S. Department of Transportation
+(DOT) said it dismissed on technical grounds an application by
+Trans World Airlines Inc for DOT approval for it to take
+control of USAir Group.
+    The DOT added, however, that TWA was free to refile when it
+could put together an application for control that met the
+agency's procedural requirements.
+    The DOT acted shortly after the U.S. Department of Justice
+disclosed that it supported dismissal of the TWA application.
+    It was not immediately clear what impact the denial would
+have on TWA's bid to take over USAir.
+    In its control application, TWA had acknowledged that
+additional documentation was required to meet DOT rules and
+said it would file more material on the morning of March 9.
+    But the DOT said it would not wait.
+    "We have determined to dismiss TWA's application for
+approval of the acquisition of USAir," it said in an order
+issued late Friday.
+    "TWA's application clearly fails to comply with the filing
+requirements of our regulations...and TWA has provided no
+reason why we should accept such a deficient filing," it added.
+    "Accordingly, we will dismiss the application. TWA, of
+course, may refile it when it is able to comply with our
+procedural rules," the DOT said.
+    The agency added that it would continue to consider a
+separate TWA request for federal clearance to purchase USAir
+stock through a voting trust.
+    USAir had said earlier today that it asked the DOT to
+dismiss the TWA control application, on grounds the TWA filing
+did not meet DOT requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19367" NEWID="2949">
+<DATE> 6-MAR-1987 19:02:42.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0835&#31;reute
+f f BC-******TWA-SAID-IT-WIL   03-06 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TWA SAID IT WILL REFILE APPLICATION MONDAY WITH DOT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19368" NEWID="2950">
+<DATE> 6-MAR-1987 19:13:40.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0840&#31;reute
+u f BC-TWA-&lt;TWA>-TO-REFILE-W   03-06 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> TO REFILE WITH U.S. AGENCY</TITLE>
+<DATELINE>    NEW YORK, MARCH 6 - </DATELINE><BODY>Transworld Airlines Inc plans to refile
+an application Monday with the Department of Transportation for
+approval to acquire USAir Group &lt;U>.
+    The DOT late today dismissed TWA's application to acquire
+USAir.
+    "When the DOT opens for business on Monday morning, we will
+be refiling a perfected and completed section 408 application,"
+said TWA general counsel Mark Buckstein.
+    Buckstein said the DOT ruled the application, which was
+filed Wednesday, was incomplete. He said he did not yet know
+why the agency objected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19369" NEWID="2951">
+<DATE> 6-MAR-1987 19:28:08.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0845&#31;reute
+u f BC-JUSTICE-ASKS-U.S.-DIS   03-06 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUSTICE ASKS U.S. DISMISSAL OF TWA (TWA) FILING</TITLE>
+<DATELINE>    WASHINGTON, March 6 - </DATELINE><BODY>The Justice Department told the
+Transportation Department it supported a request by USAir 
+Group that the DOT dismiss an application by Trans World
+Airlines Inc for approval to take control of USAir.
+    "Our rationale is that we reviewed the application for
+control filed by TWA with the DOT and ascertained that it did
+not contain sufficient information upon which to base a
+competitive review," James Weiss, an official in Justice's
+Antitrust Division, told Reuters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19370" NEWID="2952">
+<DATE> 6-MAR-1987 22:20:49.41</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0861&#31;reute
+u f BC-HONG-KONG-BANKS-LEAVE   03-06 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG BANKS LEAVE INTEREST RATES UNCHANGED</TITLE>
+<DATELINE>    HONG KONG, March 7 - </DATELINE><BODY>The Hong Kong Association of Banks
+said it decided to leave interest rates unchanged at today's
+regular weekly meeting.
+    Current rates are 1-3/4 pct for savings accounts, 24-hours,
+seven-day call, one-week and two-weeks. One-month is 2-1/4 pct,
+two-months 2-1/2 pct, three- and six-months are both three pct,
+nine-months 3-1/4 pct and 12-months 3-3/4 pct.
+    Prime rate is six pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19371" NEWID="2953">
+<DATE> 6-MAR-1987 23:11:28.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0867&#31;reute
+u f BC-SAVINGS-ACUISITION-IN   03-06 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAVINGS ACUISITION IN CALIFORNIA ANNOUNCED</TITLE>
+<DATELINE>    WASHINGTON, March 7 - </DATELINE><BODY>The Federal Home Loan Bank Board
+(FHLBB) announced the acquisiton of South Bay Savings &amp; Loan
+Association in Gardena, Calif., By Standard Pacific Savings of
+Costa Mesa, Calif.
+    The FHLBB said South Bay had assets of 62.5 mln dlrs and
+Standard Pacific had 312.8 mln dlrs in assets.
+    It was the fourth federally-assisted merger or acquisition
+of a troubled savings institution this year, the FHLBB said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19372" NEWID="2954">
+<DATE> 6-MAR-1987 23:18:57.78</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0870&#31;reute
+u f BC-COLOMBIA-DENIES-SELLI   03-06 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA DENIES SELLING COFFEE BELOW MARKET</TITLE>
+<DATELINE>    BOGOTA, March 7 - </DATELINE><BODY>Colombia denied having sold 440,000 60-kg
+bags of old crop coffee below current market prices to clients
+in Europe and Asia.
+    A spokesman for the National Coffee Growers Federation,
+commenting on rumours which had circulated in market circles,
+said these were false.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19373" NEWID="2955">
+<DATE> 6-MAR-1987 23:27:45.99</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0875&#31;reute
+u f BC-TWO-HUNDRED-FEARED-DE   03-06 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO HUNDRED FEARED DEAD IN FERRY DISASTER</TITLE>
+<DATELINE>    ZEEBRUGGE, Belgium, March 7 - </DATELINE><BODY>About 200 people are feared
+dead after a British cross-channel ferry rolled on its side off
+the Belgian coast last night -- but almost 350 passengers were
+plucked to safety from the ice-cold sea.
+    Belgian Transport Minister Herman de Croo told reporters: "I
+fear the dead could be in hundreds, perhaps 200. Given the
+state of the water, I fear there is no hope."
+    Townsend Thorensen, owners of the 7,951 tonne Herald of
+Free Enterprise, said the ferry was carrying 543 people and
+that 345 had been rescued. All but one were British.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19374" NEWID="2956">
+<DATE> 6-MAR-1987 23:38:47.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0876&#31;reute
+u f BC-MALAYSIA-BAILS-OUT-AN   03-06 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA BAILS OUT ANOTHER COMMERCIAL BANK</TITLE>
+<DATELINE>    KUALA LUMPUR, March 7 - </DATELINE><BODY>Malaysia's central bank said it
+acquired a 59.2 pct stake in ailing &lt;United Asian Bank Bhd>
+(UAB), the sixth largest commercial bank in the country, to
+rebuild public confidence in it.
+    UAB called for a rights issue last November to raise 152.49
+mln ringgit to rectify its capital deficiency following an
+accumulated loss of 107.61 mln ringgit at end-1985, the central
+bank, Bank Negara, said in a statement.
+    But only 16.99 mln ringgit in shares was taken up by
+shareholders, mainly local Indian and Malay businessmen and the
+Indian Government.
+    Bank Negara said it subsequently took up the unsubscribed
+shares, totalling 135.5 mln of UAB's new paid-up capital of
+228.74 mln ringgit.
+    It said the shares, held in trust, will be eventually sold.
+    The central bank early this week also announced that it had
+bought 49.4 pct stake in another troubled commercial bank,
+&lt;Perwira Habib Bank Malaysia Bhd>, after the latter raised its
+capital to 405 mln ringgit from 105 in mid-January this year.
+    Bank Negara said it does not intend to hold on to the
+shares of the two banks.
+    "The injection of capital in PHB and in UAB including the
+recamp of management in these banks are some of the measures
+taken by the bank to strengthen public confidence in the
+stability of the these banks," it added.
+    The central bank said it is invoking Section 39A of the
+Banking (Amendemnt) Act 1986 empowering it to grant loans to an
+ailing bank or to buy a stake in it.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19375" NEWID="2957">
+<DATE> 7-MAR-1987 00:01:55.34</DATE>
+<TOPICS><D>crude</D><D>fuel</D><D>jet</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0881&#31;reute
+u f BC-ECUADOR-ADOPTS-AUSTER   03-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR ADOPTS AUSTERITY MEASURES AFTER QUAKE</TITLE>
+<DATELINE>    QUITO, March 7 - </DATELINE><BODY>OPEC member Ecuador adopted austerity
+measures to conserve fuel after oil production was paralyzed by
+a strong earthquake.
+    Energy and Mines Minister Javier Espinosa announced on
+television the country would cut domestic fuel sales by 30 pct.
+A ministry statement had earlier announced indefinite
+suspension of crude oil exports, declaring force majeure.
+    Deputy Energy Minister Fernando Santos Alvite told a
+television interviewer that it could possibly take more than a
+month to repair Ecuador's main pipeline linking Amazon basin
+oil fields to the Pacific Ocean coast.
+    The quake on Thursday, which registered six on the 12-point
+Mercalli scale, killed at least six people and was centred near
+the Reventador volcano about 90 km (50 miles) east of Quito.
+    Ecuador had recently been pumping 260,000 barrels per day.
+    The government's austerity measures ban the sale of
+aviation fuel to foreign airliners on international routes and
+no fuel will be available for ships owned by foreign lines.
+    Ecuador also banned the sale of petrol on weekends and
+holidays and limited sales on weekdays, an Energy and Mines
+Ministry communique said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19376" NEWID="2958">
+<DATE> 7-MAR-1987 01:02:12.37</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0889&#31;reute
+u f BC-FERRY-DISASTER-MAY-RA   03-07 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERRY DISASTER MAY RANK AMONG WORST TRAGEDIES</TITLE>
+<DATELINE>    LONDON, March 7 - </DATELINE><BODY>Fading hope for passengers trapped aboard
+a partially-sunk Channel ferry raised fears the accident could
+rank among this centuries' worst peacetime shipping tragedies.
+    Belgian Transport Minister Herman de Croo said there was no
+hope of rescuing any of about 220 passengers trapped in the
+Herald of Free Enterprise after it capsized off the Belgian
+coast last night.
+    If confirmed, the toll would make the incident the world's
+worst since a Soviet liner, the Admiral Nakhimov, collided with
+a freighter in the Black Sea last September and sank with the
+loss of nearly 400 lives. A further 856 people were rescued.
+    The world's deadliest single peacetime incident at sea was
+the sinking in 1912 of the Titanic with a loss of 1,500 lives.
+    The second biggest loss of life in peacetime was in 1914
+when 1,014 people drowned when the liner Empress of Ireland
+collided with a freighter on the St Lawrence river in Canada.
+    The world's worst maritime disaster was in wartime that
+took 7,700 lives when the German liner Wilhelm Gustloff was
+torpedoed by a Soviet submarine in January 30, 1945.
+    In 1985, more than 200 were feared dead after two ferries
+sank near Dhaka, 174 drowned when a ferry capsized in China and
+147 died when a launch sank off the Malaysian state of Sabah.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19377" NEWID="2959">
+<DATE> 7-MAR-1987 03:37:33.49</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>belgium</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0893&#31;reute
+b f BC-ALMOST-200-DEAD-IN-FE   03-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALMOST 200 DEAD IN FERRY DISASTER</TITLE>
+<DATELINE>    ZEEBRUGGE, March 7 - </DATELINE><BODY>There are no more survivors from a
+British cross-Channel ferry disaster off the Belgian coast and
+almost 200 people seem certain to have perished, a senior
+Belgian official said.
+    Jacques Thas, in charge of rescue for the Herald of Free
+Enterprise, said his men had searched all of the ship except
+some inaccessible cabins and the control room.
+    "I am afraid there are no more survivors," he said. Thas said
+32 of the 543 passsengers and crew were confirmed dead and 160
+were missing, bringing the total of dead or presumed dead to
+192.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19378" NEWID="2960">
+<DATE> 7-MAR-1987 03:48:16.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0894&#31;reute
+u f BC-&lt;SIME-DARBY-BHD>-SIX   03-07 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SIME DARBY BHD> SIX MONTHS TO DECEMBER 31</TITLE>
+<DATELINE>    KUALA LUMPUR, March 7 -
+    </DATELINE><BODY>Shr 3.9 cents vs 4.2 cents
+    Interim dividend three cents vs same
+    Group net 35.8 mln ringgit vs 39.1 mln
+    Pre-tax 77.3 mln vs 99.8 mln
+    Turnover 1.16 billion vs 1.05 billion
+    Note - dividend pay May 22, register April 24.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19379" NEWID="2961">
+<DATE> 7-MAR-1987 03:50:57.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0895&#31;reute
+u f BC-&lt;CONSOLIDATED-PLANTAT   03-07 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CONSOLIDATED PLANTATIONS BHD></TITLE>
+<DATELINE>    KUALA LUMPUR, March 7 - </DATELINE><BODY>Six months to December 31
+    SHR 2.6 cents vs 5.2 cents
+    Interim dividend four cents vs same
+    Group net 12.4 mln ringgit vs 24.3 mln
+    Pre-tax 26.6 mln vs 53.5 mln
+    Turnover 235.3 mln vs 333.9 mln
+    Note - dividend pay April 30, register April 3.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19380" NEWID="2962">
+<DATE> 7-MAR-1987 03:53:06.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0896&#31;reute
+u f BC-&lt;TRACTORS-MALAYSIA-HO   03-07 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TRACTORS MALAYSIA HOLDINGS BHD></TITLE>
+<DATELINE>    KUALA LUMPUR, March 7 - </DATELINE><BODY>Six months to December 31
+    SHR 8.8 cts vs 0.5 ct
+    Interim dividend 12.5 cts vs nil
+    Group net 9.5 mln ringgit vs 0.6 mln
+    Pre-tax 11 mln vs 1.1 mln
+    Turnover 88.9 mln vs 70.8 mln
+    Note - dividend pay May 15, register April 17.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19381" NEWID="2963">
+<DATE> 7-MAR-1987 03:55:23.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0897&#31;reute
+u f BC-&lt;DUNLOP-MALAYSIAN-IND   03-07 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DUNLOP MALAYSIAN INDUSTRIES BHD></TITLE>
+<DATELINE>    KUALA LUMPUR, March 7 - </DATELINE><BODY>Six months to December 31
+    SHR 1.4 cts vs 1.6 cts
+    Interim dividend one cent vs same
+    Group net 4.1 mln ringgit vs 4.7 mln
+    Pre-tax 6.7 mln vs nine mln
+    Turnover 100.8 mln vs 112.1 mln
+    Note - dividend pay April 28, register April 3.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19382" NEWID="2964">
+<DATE> 7-MAR-1987 04:39:11.79</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0898&#31;reute
+r f BC-BANGLADESH-SUGAR-PROD   03-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH SUGAR PRODUCTION ALMOST DOUBLES</TITLE>
+<DATELINE>    DHAKA, March 7 - </DATELINE><BODY>Bangladesh's sugar production increased by
+nearly 60,000 tonnes over last year's season to total 140,000
+tonnes at the end of this year's season, the Sugar and Food
+Industries Corp said.
+    The increased output will enable Bangladesh to cut imports.
+Corporation officials told Reuters the country has already
+imported 37,000 tonnes of sugar and will buy 113,000 tonnes
+more to make up shortfall in the 1986/87 year ending June 30.
+    Imports in 1985/86 totalled 224,000 tonnes, of which nearly
+100,000 tonnes are still in stock, they said without giving
+further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19383" NEWID="2965">
+<DATE> 7-MAR-1987 05:37:29.37</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0906&#31;reute
+b f BC-GERMAN-1988-TAX-CUTS   03-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN 1988 TAX CUTS RAISED BY 5.2 BILLION MARKS</TITLE>
+<DATELINE>    BONN, March 7 - </DATELINE><BODY>Senior officials in the West German
+coalition government said tax cuts planned for next year would
+be increased by 5.2 billion marks, in line with a pledge made
+by Finance Minister Gerhard Stoltenberg at last month's
+international monetary conference in Paris.
+    Gerold Tandler, General Secretary of the Christian Social
+Union Party, detailing the cuts at a news conference also
+attended by officials from the Christian Democratic Union and
+Free Democratic Party, said all of the additional 5.2 billion
+mark reduction would represent net tax relief.
+    An increase in revenue from other sources was not planned.
+    The reductions will be added on to a package of tax cuts
+already planned for 1988 amounting to some nine billion marks.
+    Tandler said three billion marks of the extra tax relief
+would be accounted for by reducing the rate of marginal
+increase in income tax.
+    An increase in personal tax allowances would save taxpayers
+1.4 billion marks. Extra tax allowances for people whose
+children are being educated would cut 300 mln marks from the
+tax bill. A further 500 mln marks would be accounted for by
+increasing the level of special depreciations for small- and
+medium-sized companies.
+    The extra fiscal measures planned for next year are part of
+a general reform of the tax system which will come into effect
+in 1990. Stoltenberg had said in Paris that part of this
+reform, which will cut taxes by a gross 44 billion marks, would
+be introduced next year, ahead of schedule.
+    The West German government had come under pressure from the
+United States to stimulate its economy with tax cuts. But
+Stoltenberg said in a speech last night in Hamburg that, while
+the economy would continue to expand this year, the rate of
+growth was uncertain.
+    The government said in January it was aiming for real
+growth in Gross National Product this year of 2.5 pct, but some
+economists have revised their predictions down to two or below.
+    Stoltenberg said: "We remain on a course of expansion.
+Whether (this will be) under two pct, as some people believe,
+or around 2.5 pct as some others expect, or even closer to
+three pct, as the Kiel World Economic Institute forecast a few
+days ago, remains open at the moment."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19384" NEWID="2966">
+<DATE> 7-MAR-1987 05:59:03.32</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>bahrain</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0911&#31;reute
+u f BC-YIELD-FALLS-ON-30-DAY   03-07 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YIELD FALLS ON 30-DAY SAMA DEPOSITS</TITLE>
+<DATELINE>    BAHRAIN, March 7 - </DATELINE><BODY>The yield on 30-day bankers security
+deposit accounts issued this week by the Saudi Arabian Monetary
+Agency (SAMA) fell to 5.84073 pct from 6.21950 last Saturday,
+bankers said.
+    SAMA increased the offer price on the 900 mln riyal issue
+to 99.51563 from 99.48438. One-month interbank riyal deposits
+were quoted today at 6-1/4, six pct.
+    SAMA offers a total of 1.9 billion riyals each week in 30,
+91 and 180-day paper to banks in the Kingdom.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19385" NEWID="2967">
+<DATE> 7-MAR-1987 06:10:40.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0912&#31;reute
+r f BC-SIX-HURT-IN-SHOOTING   03-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIX HURT IN SHOOTING AT SIKH TEMPLE IN AMRITSAR</TITLE>
+<DATELINE>    CHANDIGARH, India, March 7 - </DATELINE><BODY>Police and security forces
+entered the Golden Temple in Amritsar after six people
+including four policemen were wounded in a shooting incident in
+the complex, police said.
+    Police in Chandigarh, capital of Punjab state, said about
+300 men entered the complex after a party of plainclothes
+police were fired on, apparently by extremists campaigning for
+a separate Sikh homeland.
+    It was the first time uniformed police had entered
+Sikhdom's holiest shrine since last June when extremists
+stabbed a temple guard to death.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19386" NEWID="2968">
+<DATE> 7-MAR-1987 06:44:33.88</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0917&#31;reute
+u f BC-EXPERTS-HAD-EXPRESSED   03-07 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPERTS HAD EXPRESSED FEARS OVER RO-RO SAFETY</TITLE>
+<DATELINE>    LONDON, March 7 - </DATELINE><BODY>As a British government investigation got
+under way into the sinking of the car ferry Herald of Free
+Enterprise with heavy loss of life, experts said doubts had
+already been expressed about the roll-on roll-off type of ship.
+    Shipping minister Lord Brabazon said a preliminary
+investigation had started into why the 7,951 tonne ferry
+capsized and sank in little over a minute as it manoeuvred to
+leave Zeebrugge on a routine four hour crossing to Dover.
+    Initial reports spoke of water flooding the car decks
+through the bow doors. But a spokesman for the owners, Townsend
+Thoresen, said it was also possible the ferry had been holed.
+    Townsend Thoresen operate two other ships identical to the
+Herald of Free Enterprise, but Brabazon said it was not planned
+to pull them out of service at present.
+    "Our investigator is there already. We shall have to wait
+and see. But it is too early to say what happened," he told BBC
+radio.
+    As the work of retrieving bodies from the half-submerged
+hulk continued, maritime safety experts in London said doubts
+had already been expressed about the design of so-called "RoRo"
+ferries such as the Herald of Free Enterprise.
+    In 1980 the Inter-Governmental International Maritime
+Consultative Committee issued a report saying more roll-on
+roll-off vessels were lost in accidents than ships with deck
+areas divided by bulkheads.
+    Townsend Thoresen say the ship, built at the West German
+yard of Bremerhaven in 1980, was built to the highest safety
+standards.
+    But salvage expert William Cooper said passengers would
+have had problems getting off this type of ship because of its
+design.
+    Former Townsend Thoresen navigating officer Clive Langley
+said the RoRo type of vessels were similar in some respects to
+a barge.
+    "As any sailor knows it only takes two or three inches out
+of line and you can turn a barge over. An ordinary ship is
+compartmentalised and you have more stability," he said.
+    Cooper said cross-Channel ferries were normally perfectly
+stable but had huge wide deck areas above the water level.
+    "If you do get water into that area then you can get very
+severe effects on the stability of the ship," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19387" NEWID="2969">
+<DATE> 7-MAR-1987 06:49:43.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0920&#31;reute
+u f BC-WORLD-BANK-LENDS-TO-C   03-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LENDS TO CHINA'S MACHINE TOOL INDUSTRY</TITLE>
+<DATELINE>    PEKING, March 7 - </DATELINE><BODY>The World Bank approved a 100-mln-dlr
+20-year loan to help modernise the machine tool industry in
+Shanghai, the New China News Agency said.
+    It quoted a World Bank press release in Shanghai as saying
+that the loan would help modernise 18 plants and research
+institutes owned by the Shanghai Machine Tool Works and the
+Shanghai Machine Tool Corp to import manufacturing technology
+and to develop training programmes for managers and engineers.
+    With a five-year grace period, its interest rate is
+currently estimated at 7.92 pct but would be variable, it said,
+without indicating with what it would vary.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19388" NEWID="2970">
+<DATE> 7-MAR-1987 23:23:22.50</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>turkey</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0925&#31;reute
+u f BC-IRAQ-TURKEY-OIL-PIPEL   03-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ-TURKEY OIL PIPELINE CUT BY LANDSLIDE</TITLE>
+<DATELINE>    ANKARA, March 8 - Engineers are working to repair the Iraq-</DATELINE><BODY>Turkey oil pipeline near the southern town of Adana after it
+was cut by a landslide, the Hurriyet and Anatolian news
+agencies said.
+    Little oil was lost in the landslide Friday night because
+taps on the one mln bpd line were switched off after the
+accident, they said.
+    The pipeline, which carries oil for Turkey and other
+customers from Iraq's Kirkuk field to the Yumurtalik terminal
+on the Turkish Mediterranean coast, is Iraq's main oil outlet.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19389" NEWID="2971">
+<DATE> 7-MAR-1987 23:54:07.12</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0927&#31;reute
+r f BC-BRAZIL-SEAMEN-CONTINU   03-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SEAMEN CONTINUE STRIKE AFTER COURT DECISION</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 8 - </DATELINE><BODY>Hundreds of marines were on alert
+at 11 key Brazilian ports after 40,000 seamen decided to remain
+on indefinite strike, even after the Higher Labour Court
+yesterday ruled it illegal, union leaders said.
+    The halt, the first national strike by seamen in 25 years,
+started on February 27, and union leaders said they would not
+return to work unless they got a 275 pct pay rise. Shipowners
+have offered a 100 per cent raise, which the seamen rejected.
+    "We have nothing to lose. If they want to lay off the
+workers, fine, but we are determined to carry on with our
+protest until the end," a union leader said.
+    He said they had decided in a meeting that if the marines
+take over the ships, the seamen would abandon the vessels and
+let the marines handle the situation by themselves.
+    A spokesman for the Rio de Janeiro Port said the order to
+send marines to take over the ports was given by Navy Minister
+Henrique Saboya on grounds that ports are areas of national
+security. But he said there were no incidents. The strike has
+cut exports and imports and made an estimated 160 ships idle.
+    Petrol station owners in four states also continued their
+shutdown and there were fears that the combination of the two
+stoppages could lead to a serious fuel shortage.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19390" NEWID="2972">
+<DATE> 9-MAR-1987 00:05:39.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0149&#31;reute
+u f BC-INDONESIA-SAID   03-09 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA SAID TO BE STABLE AHEAD OF ELECTIONS</TITLE>
+<DATELINE>    JAKARTA, March 9 - </DATELINE><BODY>Indonesia's Armed Forces Commander
+General Benny Murdani said warnings about an extremist threat
+to the country's forthcoming elections do not mean the security
+situation has deteriorated.
+   He was quoted in today's edition of the armed forces
+newspaper Harian AB as saying the warnings were only an appeal
+for vigilance ahead of the April 23 polls.
+    Major-General Setijana, military commander of central Java,
+said in widely-quoted remarks last week that both leftist and
+rightist extremists were planning to sabotage the polls in an
+attempt to topple President Suharto's government.
+    Murdani told a meeting of the ruling Golkar party in
+Jakarta yesterday that he believed the security situation was
+now stable.
+    However, he also said mass meetings during the election
+campaign period should be avoided, as they could trigger what
+he termed a critical situation very easily.
+    About 60 people died in accidents and election-related
+violence during the last parliamentary elections in 1982.
+ REUTER
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19391" NEWID="2973">
+<DATE>  9-MAR-1987 00:14:46.66</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0151&#31;reute
+nu f BC-ECUADOR-TO-EXPORT-NO   03-09 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR TO EXPORT NO OIL FOR FOUR MONTHS, OFFICIAL</TITLE>
+<AUTHOR>    By WALKER SIMON, REUTERS</AUTHOR>
+<DATELINE>    QUITO, March 9 - </DATELINE><BODY>The suspension of Ecuador's crude oil
+shipments after an earthquake cut an oil pipeline will last at
+least four months, a senior Energy Ministry official said.
+    The official said Ecuador could resume exports after
+repairing a 40 km section of the 510 km pipeline, which links
+jungle oil fields at Lago Agrio to Balao on the Pacific coast.
+It would take about 100 mln U.S. Dlrs to repair the pipeline,
+the official, who did not want to be named, told Reuters.
+Ecuador had enough oil to meet domestic demand for about 35
+days and would have to import crude to supplement stocks.
+    The earthquake last Thursday night registered six on the
+12-point international Mercalli scale. The damage to the
+pipeline was a severe economic blow to Ecuador, where oil
+accounts for up to two-thirds of total exports and as much as
+60 pct of government revenues.
+    Financially pressed Ecuador, a member of the Organisation
+of Petroleum Exporting Countries (OPEC), was recently pumping
+about 260,000 barrels per day (bpd) of crude, about 50,000 bpd
+above the output quota assigned by the cartel, another Energy
+Ministry spokesman said. Last year, it exported an average of
+173,500 bpd, according to the central bank.
+    However, Ecuador might build an emergency 25 km pipeline,
+costing 15 to 20 mln dlrs, to hook up with a Colombian
+pipeline, the first official said. He estimated it could take
+about 60 days to build.
+    Ecuador, squeezed by the slide in world oil prices in 1986,
+had only 138 mln dlrs in net international reserves at the end
+of January, about equal to one month's imports.
+    It suspended interest payments in January on 5.4 billion
+dlrs owed to about 400 private foreign banks. The country's
+total foreign debt is 8.16 billion dlrs, the eighth largest in
+Latin America.
+    In Caracas, President Jaime Lusinchi said Venezuela would
+loan five mln barrels of crude to Ecuador over the next three
+months to make up for losses from damage to the pipeline.
+    Ecuador asked for the loan to guarantee domestic supplies
+and would ship an equivalent volume back to Venezuela in
+repayment in May, Lusinchi said.
+    A commission headed by Venezuelan Investment Fund Minister
+Hector Hurtado and including representatives from the interior
+and defence ministries and the state oil company Petroleos de
+Venezuela will travel to Ecuador Tuesday to evaluate and
+co-ordinate an emergency relief program, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19392" NEWID="2974">
+<DATE> 9-MAR-1987 00:19:25.79</DATE>
+<TOPICS><D>tapioca</D><D>meal-feed</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0157&#31;reute
+u f BC-EC-FARM-LIBERALISATIO   03-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FARM LIBERALISATION SEEN HURTING THAI TAPIOCA</TITLE>
+<DATELINE>    BANGKOK, March 9 - </DATELINE><BODY>Any European Community decision to
+liberalise farm trade policy would hurt Thailand's tapioca
+industry, said Ammar Siamwalla, an agro-economist at the
+Thailand Development Research Institute (TDRI).
+    He told a weekend trade seminar here that any EC move to
+cut tariff protection for EC grains would make many crops more
+competitive than tapioca in the European market.
+    The EC is the largest buyer of Thai tapioca, absorbing more
+than two thirds of the 5.8 mln tonnes of pellets exported by
+Thailand last year. Thailand has an EC quota of an average 5.25
+mln tonnes a year until 1990.
+    Ammar said Thailand had benefited from an EC tariff
+loophole that subjects Thai tapioca to a preferential six pct
+import duty.
+    Ammar, head of the agricultural research group of the TDRI,
+suggested tapioca farmers diversify to other crops.
+    He said: "If cereal prices in Europe fall so that they are
+close to world prices, the tapioca market there will disappear
+completely."
+    He said the issue may put Thailand in a dilemma because it
+had recently joined other major commodity producers in calling
+on the EC to cut its farm product export subsidies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19393" NEWID="2975">
+<DATE> 9-MAR-1987 01:02:13.18</DATE>
+<TOPICS><D>cotton</D><D>sugar</D><D>veg-oil</D><D>grain</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T C
+&#22;&#22;&#1;f0175&#31;reute
+u f BC-CHINA-RAISES-CROP-PRI   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA RAISES CROP PRICES TO INCREASE OUTPUT</TITLE>
+<DATELINE>    PEKING, March 9 - </DATELINE><BODY>China has raised the prices it pays
+farmers for cotton, edible oil, sugar cane and beets to reverse
+a decline in output in 1986, He Kang, Minister of Agriculture,
+Animal Husbandry and Fisheries said.
+    The China Daily quoted He as saying China should adopt
+intensive farming to increase per hectare output and improve
+crop quality and maintain arable land at 111 mln hectares. He
+gave no details of the price increases.
+    On grain, He said the state will cut the quota it purchases
+from farmers by 50 mln tonnes and abolish the practice of
+purchasing through agents.
+    He said the state will increase investment in agriculture
+and supplies of fertiliser, diesel oil and other production
+materials and stabilise fertiliser and diesel oil prices.
+    The state offers cheap fertiliser and diesel oil and
+payment in advance to farmers who contract to supply grain at a
+low state-fixed price.
+    He said China aims to produce between 425 and 450 mln
+tonnes of grain by 1990, up from a target of 405 mln this year
+and an actual 391 mln last year.
+    He gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19394" NEWID="2976">
+<DATE> 9-MAR-1987 01:18:40.49</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>ussr</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0182&#31;reute
+u f BC-AUSTRALIA-SELLS-180,0   03-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA SELLS 180,000 TONNES OF SUGAR TO USSR</TITLE>
+<DATELINE>    BRISBANE, March 9 - </DATELINE><BODY>Australia sold 180,000 tonnes of raw
+sugar to the Soviet Union for shipment in the next few weeks,
+Queensland Primary Industries Minister Neville Harper said.
+    Loading of a 50,000-tonne cargo on the Soviet freighter
+Nikolay Kuznetsov for shipment to Odessa was completed today at
+the Lucinda terminal, he said in a statement.
+    The balance will be shipped from Mackay by end-March,
+Harper said.
+    Australia exported 159,000 tonnes of sugar to the Soviet
+Union in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19395" NEWID="2977">
+<DATE> 9-MAR-1987 01:48:19.10</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0190&#31;reute
+r f BC-THAI-NATURAL-RUBBER-E   03-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI NATURAL RUBBER EXPORTS RISE IN 1986</TITLE>
+<DATELINE>    BANGKOK, March 9 - </DATELINE><BODY>Thai natural rubber exports rose to
+763,331 tonnes in 1986 from 689,964 a year earlier, the private
+Board of Trade said.
+    Japan, the biggest buyer, imported 384,622 tonnes of Thai
+rubber in 1986, up from 348,855 the previous year, it said.
+    Other major buyers were the U.S. At 86,383 tonnes, up from
+81,629 in 1985, China 69,952 (60,296) and West Germany 32,172
+(25,909).
+    Exports to France rose to 20,479 tonnes from 12,143 in
+1985, Austria 6,048 (4,104), and Italy 4,014 tonnes (1,340).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19396" NEWID="2978">
+<DATE> 9-MAR-1987 01:56:03.53</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0191&#31;reute
+r f BC-AUSTRALIAN-BEEF-OUTPU   03-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN BEEF OUTPUT DECLINES IN JANUARY</TITLE>
+<DATELINE>    CANBERRA, March 9 - </DATELINE><BODY>Australian beef output declined to
+104,353 tonnes carcass weight in January from 112,262 in
+December and 105,715 a year earlier, the Statistics Bureau
+said.
+    This followed a decline in the cattle slaughter to 472,900
+head from 509,500 in December and 478,800 in January 1986, the
+bureau said.
+    But cumulative beef output for the first seven months of
+fiscal 1986/87 ending June 30 rose to 838,416 tonnes from
+746,837 a year earlier following a rise in cattle slaughter to
+3.84 mln head from 3.40 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19397" NEWID="2979">
+<DATE> 9-MAR-1987 02:01:22.05</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0196&#31;reute
+u f BC-GERMAN-GOVERNMENT-NEE   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN GOVERNMENT NEEDS SEEN RAISING BOND YIELDS</TITLE>
+<AUTHOR>    By Alice Ratcliffe, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 9 - </DATELINE><BODY>Increased federal government borrowing
+needs and a growing unwillingness by foreign investors to buy
+mark assets could push yields in German public authority bonds
+higher this year, bond market sources say.
+    "At the moment we have a sideways movement in the short-term
+rates. But how rates move in the long end will depend strongly
+on foreigners," one portfolio manager for a large securities
+investment house in Frankfurt said.
+    The sources also said the government had already stepped up
+its borrowing programme in anticipation on increased needs.
+    Friday's loan stock was the third this year already, the
+sources noted. It carried a 10-year maturity, a coupon of six
+pct and price of 100-1/4 to yield 5.97 pct at issue.
+    This compared with the last issue which had a 5-3/4 pct
+coupon priced at 99-3/4 pct for a yield of 5.75 pct.
+    But dealers said the terms were not enough to attract
+foreign investors, and the federal government would have to
+push yields higher in future if it wanted to borrow again soon.
+    Sources noted federal government issues had also increased
+in size, with the introduction of a four billion mark volume
+only starting last May.
+    One finance ministry economist said "It isn't more. It's
+just the size (of each bond) which has increased." He added
+conditions in the capital market currently remained fairly
+favourable for raising new debt.
+    Until recently, federal issues sold very strongly abroad,
+with up to 90 pct of some being placed with foreign investors.
+    With the recent stabilisation of the U.S. Dollar, however,
+foreign investors have begun to back away from the market, as
+hopes of further currency gains in marks diminish.
+    Sources said the government has may have already stepped up
+its borrowing, having raised more than 18 billion marks.
+    The government made net borrowings of 23 billion marks in
+1986. But Bundesbank statistics showed that net borrowing
+through bonds was 26.6 billion.
+    The sources said this indicated a move by the government
+out of other types of debt to gain access to foreign funds
+through the more acceptable loan stock form.
+    Although new credit needs were partly inflated by a large
+amount of issues maturing recently, other factors, including
+the government's tax reduction program, would also reduce
+income next year. "The problem here will be the tax reform," the
+portfolio manager said.
+    He added that the government's cut in its top income tax
+rate to 53 pct from 56 pct in 1988 would make it difficult for
+the government to reduce borrowings.
+    The sources said the government would fall far short of
+covering all of its 40 billion marks in lost revenue from the
+tax reform by making expenditure cuts and would be forced to
+fall back on debt markets in one form or the other.
+    The portfolio manager noted that besides the three federal
+government loan stocks so far this year, it has also fallen
+back twice to raise a total 6.43 billion marks through the
+issue of fixed-rate medium-term "Kassenobligation" notes.
+    A finance ministry economist said the government did not
+expect to have any trouble keeping to its plan to borrow only a
+net 22.3 billion marks this year.
+    Though many sources agreed, they added that the trend would
+probably not continue next year as the further tax cuts come
+into effect.
+    "I would expect the efforts for a further tax reform would
+mean government borrowing will increase," the manager said.
+    Bond prices last week were slightly firmer on balance, with
+the Bundesbank's public authority bond yield calculation
+falling to 5.64 pct on Friday from 5.66 a week earlier.
+    But sources said foreign demand for the new federal
+government loan stock was slack, as sentiment grows that the
+dollar may now rise against the mark.
+    "The demand wasn't so good," a dealer for a German bank in
+London said.
+    The dollar's recent slight appreciation against the mark
+even meant that foreign investors have sold mark bonds
+recently, some dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19398" NEWID="2980">
+<DATE> 9-MAR-1987 02:11:14.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>aquino</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T C
+&#22;&#22;&#1;f0208&#31;reute
+u f BC-AQUINO-SWEARS-IN-FOUR   03-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AQUINO SWEARS IN FOUR CABINET SECRETARIES</TITLE>
+<DATELINE>    MANILA, March 9 - </DATELINE><BODY>Philippine President Corazon Aquino swore
+in four new cabinet secretaries to fill vacancies created by
+the resignations of secretaries who have said they will run for
+the May 11 senate elections.
+    Carlos Dominguez, 41, was made agriculture secretary. A
+former deputy agriculture secretary, Dominguez is considered an
+expert on land reform.
+    Sedfrey Ordonez, 65, was made justice secretary and
+Fulgencio Factoran, 43, secretary for natural resources. Ramon
+Diaz, 65, was named chairman of the Presidential Commission on
+Good Government. All three men are lawyers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19399" NEWID="2981">
+<DATE> 9-MAR-1987 02:48:11.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0236&#31;reute
+u f BC-CHINA,-KENYA-IN-ELECT   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA, KENYA IN ELECTRONIC GOODS JOINT VENTURE</TITLE>
+<DATELINE>    PEKING, March 9 - </DATELINE><BODY>Kenya and Shenzhen Electronics Group
+(SEG) of China will set up a joint venture in the Kenyan port
+city of Mombasa to assemble colour televisions and other
+electronic goods, the China Daily said.
+    It said the venture, with an estimated annual production
+value of 50 mln Kenyan shillings, will sell domestically and to
+other nations in the preferential trade area of east and south
+Africa. SEG will open two shops in Kenya.
+    SEG employs 170,000 people in 130 firms in China and has
+exported 18 mln dlrs worth of goods to western countries, it
+said, without providing further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19400" NEWID="2982">
+<DATE> 9-MAR-1987 02:52:39.26</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>japan</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0238&#31;reute
+u f BC-USSR-TO-CUT-COAL-PRIC   03-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR TO CUT COAL PRICE FOR JAPANESE STEELMILLS</TITLE>
+<DATELINE>    TOKYO, March 9 - </DATELINE><BODY>The Soviet Union has agreed to cut its
+coking coal export prices to Japanese steel mills by about five
+dlrs a tonne in 1987/88 starting April 1 in exchange for an
+increase in export volume, industry sources said.
+    The prices were set at 44 dlrs a tonne for Neryungrinsky
+coal and at 43.80 dlrs for Kuznetsky coal, fob.
+    Japan will import a total of 4.9 mln tonnes from both
+areas, up from 4.2 mln a year earlier, they said.
+    The steelmakers had asked Moscow to agree to a cutback to
+3.7 mln tonnes in 1987/88, but the Soviet Union urged Japan to
+increase the amount to 6.5 mln, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19401" NEWID="2983">
+<DATE> 9-MAR-1987 02:59:50.24</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>australia</D><D>papua-new-guinea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0245&#31;reute
+u f BC-PLACER-PACIFIC-HOPES   03-09 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLACER PACIFIC HOPES FOR MISIMA GOLD APPROVAL SOON</TITLE>
+<DATELINE>    SYDNEY, March 9 - </DATELINE><BODY>&lt;Placer Pacific Ltd> said it hopes the
+Papua New Guinea government will approve development of the
+Misima gold project next month, following the submission of its
+final environmental plan in Port Moresby today.
+    This completes the major documentation required to gain
+official approval to proceed, Placer said in a statement.
+    Placer has estimated the epithermal deposit, located on the
+eastern half of Misima Island off the southeastern coast of
+Papua New Guinea, contains proven and probable reserves of 62.1
+mln tonnes grading 1.35 grams/tonne gold and 20 grams/tonne
+silver, and exploration is continuing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19402" NEWID="2984">
+<DATE> 9-MAR-1987 03:02:49.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0250&#31;reute
+u f BC-PAPER-SAYS-INDICTMENT   03-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPER SAYS INDICTMENTS IN IRAN CASE EXPECTED</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The special prosecutor in the Iran arms
+scandal is expected to bring indictments that could include
+felony charges against senior Reagan administration officials,
+the New York Times reported.
+    It quoted law enforcement officials with knowledge of the
+investigation as saying special prosecutor Lawrence Walsh, who
+is investigating the scandal, was focusing on three areas.
+    The paper identified these as conspiracy to defraud the
+government, obstructing justice and making false statements to
+the government. It said the prosecutor had not ruled out any
+suspects, including current and former government officials.
+    But the paper said Walsh, in his investigation of the sale
+of arms to Iran and the diversion of funds to the U.S.-backed
+contra rebels in Nicaragua, was running short of time. This was
+because Congress has begun granting immunity to key figures in
+the affair to speed up congressional investigations.
+    The paper quoted one official as saying that, while
+obstruction of justice was usually hard to prove, evidence of a
+cover-up "may have been comically obvious here."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19403" NEWID="2985">
+<DATE> 9-MAR-1987 03:06:59.34</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0260&#31;reute
+u f BC-BANGLADESH-TRADE-DEFI   03-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH TRADE DEFICIT NARROWS IN OCTOBER 1986</TITLE>
+<DATELINE>    DHAKA, March 9 - </DATELINE><BODY>The Bangladesh trade deficit narrowed to
+1.91 billion Taka in October from 5.64 billion in September and
+2.43 billion in October 1985, the Central Bank said.
+    Imports dropped to 4.31 billion Taka in October from 8.22
+billion in September and 4.72 billion in October 1985.
+    Exports totalled 2.4 billion Taka in October, as against
+2.58 billion in September and 2.29 billion in October 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19404" NEWID="2986">
+<DATE> 9-MAR-1987 03:27:39.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-AUSTRALIAN-INVESTMENT   03-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN INVESTMENT OUTLOOK SEEN AS UNCERTAIN</TITLE>
+<DATELINE>    MELBOURNE, March 9 - </DATELINE><BODY>The outlook for Australian industrial
+investment is uncertain, with capital spending at an historical
+low and business overly dependent on domestic demand, the
+Australian Chamber of Manufactures and the National Institute
+of Economic and Industry Research said.
+    The organizations were commenting in their monthly Economic
+Focus on a survey commissioned by the Australian Council of
+Trade Unions concluded.
+    Private investment as a proportion of gross domestic
+product fell to 9.8 pct in 1985/86 from 15 pct in 1981 and is
+forecast to decline to 8.8 pct in 1987/88, the Focus said.
+    Earlier studies indicated private investment could sustain
+a two pct long-term economic growth rate, but the latest
+figures suggested this could not be maintained, it said.
+    The Australian dollar's depreciation, coupled with research
+incentives, is increasing the profitability of investment for
+exports but several factors inhibit growth. These include weak
+commodity prices, high fixed capital costs, uncertain domestic
+economic policy and corporate debt.
+    Firms have tended to finance expansion with debt rather
+than equity, leading to a 39 pct rise in the ratio of interest
+payments to gross cash flow between 1980/85, the survey found.
+    Economic Focus said many companies looked for a 2.5 to 4.5
+year payback on capital investment or export development --
+often too short a period to secure markets.
+    The relatively low incentive to produce for export in part
+reflected the ownership of Australian industry, they said.
+    Sixty-seven pct of Australian-owned companies said external
+demand was conducive to investment against only 27 pct for
+foreign-owned companies.
+    The survey covered 45 companies accounting for about 25 pct
+of total investment, Economic Focus said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19405" NEWID="2987">
+<DATE> 9-MAR-1987 03:28:42.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0288&#31;reute
+u f BC-TAIWAN-ISSUES-12-BILL   03-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ISSUES 12 BILLION DLRS OF BONDS</TITLE>
+<DATELINE>    TAIPEI, March 9 - </DATELINE><BODY>The central bank has issued 12 billion
+Taiwan dlrs worth of one and two year savings bonds to help
+curb the growth of M-1b money supply, a bank spokesman said.
+    The new bonds bear interest rates ranging from five to 5.25
+pct and will be sold to the public, he said.
+    The bank issued eight billion Taiwan dlrs worth of similar
+bonds last month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19406" NEWID="2988">
+<DATE> 9-MAR-1987 03:34:11.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0293&#31;reute
+u f BC-JAPAN-RATING-AGENCIES   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN RATING AGENCIES IN BATTLE WITH U.S. GIANTS</TITLE>
+<AUTHOR>    By Yoshiko Mori, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 9 - </DATELINE><BODY>Three Japanese credit rating agencies are
+entering into fierce competition with &lt;Moody's Japan K.K.> and
+&lt;Standard and Poor's Asia Inc>, the local branches of the two
+U.S. Giants, as the Japanese credit market opens up to
+foreigners, Japanese rating agency managers said.
+    Standard and Poor's recent triple-A rating of &lt;Chiyoda Fire
+and Marine Insurance Co Ltd's> claims-paying ability caused the
+Japanese agencies, which had rated Chiyoda's convertible bond
+only A-plus, to come under some criticism for being too
+conservative, they said.
+    Chiyoda is Japan's eighth largest non-life insurer.
+    Standard and Poor's Corp has been in the business for more
+than a century while &lt;Moody's Investors Service Inc> was
+founded more than 80 years ago. Each has rated some 20,000 to
+30,000 U.S. And about 100 Japanese issues.
+    With Japanese insurers eager to issue more bonds through
+overseas financing companies, Chiyoda's rating will stimulate
+their interest in using the U.S. Agencies, the analysts said.
+    Standard and Poor's said Chiyoda's rating was based on its
+strong capitalisation, stable performance and high levels of
+unrealised appreciation, particularly in its stock portfolio.
+    The U.S. Agency also emphasised the favourable regulatory
+environment in which Japan's non-life insurers operate.
+    Japanese agencies were shocked by the earlier AAA ratings
+on the claims-paying ability of &lt;Sumitomo Life Insurance Co>
+and &lt;Dai-Ichi Mutual Life Insurance Co> by Standard and Poor's,
+the first ratings given to Japanese life insurers.
+    Strong Japanese insurers can accumulate cash to ward off
+shocks from any foreign investment, Standard and Poor's said.
+    A month ago &lt;Nippon Investors Service Inc> (NIS) assigned
+an AAA rating to &lt;Financial Securities Assurance Inc>, a U.S.
+Firm that gives financial guarantees on corporate securities.
+     "NIS has assigned rates on a U.S. Firm for the first time in
+Japan, which was the first step into the U.S. Rating market,"
+Kazuya Kumura, general manager of NIS, said.
+    Kyosuke Yoshida, managing director of Japan Bond Research
+Institute (JBRI), said, "Agencies should be more actively used
+to respond better to growing overseas investor interest."
+    Takeshi Watanabe, president of Japan Credit Rating Agency
+Ltd (JCRA), said, "(Our) advantages are that we have a deeper
+understanding of business practices in Japan, other Asian
+nations and Japanese investor behaviour and are also more alert
+and quick to react to domestic news."
+     JBRI, with 12 years' experience, is Japan's largest agency.
+The other two have been in business for two years.
+    Finance Ministry approval of yen commercial paper issues by
+Japanese residents, which is expected soon, will stimulate
+local agencies to grow quickly, securities analysts said.
+    The Finance Ministry is encouraging more use of agencies by
+gradually abolishing limits on corporate debt creation.
+    In December it allowed non-residents holding at least an
+A-rating from one of the agencies to issue samurai, shogun and
+euroyen bonds without first meeting the normal stringent
+financial criteria.
+     But local companies, regardless of the rating obtained for
+a planned bond, must meet the tough financial criteria set by
+commissioned banks and underwriters, which includes minimum net
+asset requirements and capitalisation, local agency managers
+said.
+    Commissioned banks are responsible for protecting
+bondholders and conducting principal and coupon payments.
+    Investors' risk in corporate default has been checked by
+the very system that is slowing the smooth growth of Japanese
+credit rating agencies, the managers said.
+     "The idea of rating in Japan has been woven into
+prerequisites for an issuer company to satisfy financial
+criteria," JCRA's Watanabe said.
+    The Finance Ministry, commissioned banks and securities
+houses agreed in January to lower the eligibility ceiling for
+companies wanting to issue non-collateral straight bonds.
+    "An internationally comprehensive market system is needed to
+lure more overseas investors into the Japanese market," JBRI's
+Yoshida said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19407" NEWID="2989">
+<DATE> 9-MAR-1987 03:37:24.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0303&#31;reute
+u f BC-GROUP-77-OFFICIALS-SE   03-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP-77 OFFICIALS SET AGENDA FOR DHAKA MEETING</TITLE>
+<DATELINE>    DHAKA, March 9 - </DATELINE><BODY>Most commodity agreements are close to
+collapse and the debt problem continues to weigh heavily on
+developing countries, Bangladesh Commerce Minister M.A. Munim
+told officials from 30 Asian countries in the Group of 77.
+    The officials are meeting to finalise the agenda for the
+group's regional ministerial conference here Saturday.
+Delegates from all 43 Asian member countries of the G-77 are
+expected to attend the later meeting.
+    Commerce Ministry officials said the countries will try to
+adopt a common strategy to counter protectionist measures by
+developed countries and forge developing country cooperation
+    Commerce Secretary A.B.M. Ghulam Mostafa said the officials
+would discuss issues relating to financial resources,
+commodities, international trade and least developed countries,
+and formulate "concrete measures towards concerted action."
+    Recommendations of the Dhaka meeting will be placed before
+the July United Nations Conference on Trade and Development
+meeting at Geneva, officials said.
+    The Dhaka meeting would also discuss the possibility of
+setting up a "South Bank," along the lines of the Asian
+Development Bank, to boost financial exchanges and economic
+coperation between developing countries. It has not been
+proposed formally and no details were given.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19408" NEWID="2990">
+<DATE> 9-MAR-1987 03:48:03.56</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0315&#31;reute
+r f BC-SWISS-INDUSTRIAL-OUTP   03-09 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS INDUSTRIAL OUTPUT RISES IN FOURTH QQUARTER</TITLE>
+<DATELINE>    BERNE, March 9 - </DATELINE><BODY>Swiss industrial output rose nine pct in
+the fourth quarter last year after a four pct third quarter
+decline, and was up three pct from the final three months of
+1985, the Federal Office of Industry, Trade and Labour said.
+    For the full year 1986 the index, base 1963, stood at 166
+after up four pct from the 159 recorded the previous year.
+    Incoming orders gained four pct in the quarter after a five
+pct third quarter fall and were up one pct from the year
+earlier level. In the full year they gained one pct. The order
+backlog fell eight pct, the third straight quarterly decline
+and ended three pct under the year earlier level.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19409" NEWID="2991">
+<DATE> 9-MAR-1987 03:49:57.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0320&#31;reute
+u f BC-FOREIGN-BROKERS-MAY-G   03-09 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREIGN BROKERS MAY GET MORE ACCESS TO JAPAN BONDS</TITLE>
+<DATELINE>    TOKYO, March 9 - </DATELINE><BODY>Japanese securities houses are thinking of
+allowing foreign brokerages to underwrite more Japanese
+government bonds from April, securities managers said.
+    The average foreign brokerage now underwrites only around
+0.07 pct of each such issue's volume, they told Reuters.
+    The proposal is a response to overseas calls for Japan to
+liberalise its markets in the trend towards global trading.
+    Japanese brokerages are consistently heavy buyers of U.S.
+Treasury issues. &lt;Nomura Securities International Inc> and
+&lt;Daiwa Securities America Inc> were named primary dealers in
+U.S. Government securities in December, they noted.
+    Brokerages within the government bond-writing syndicate are
+now negotiating by how much foreign house subscriptions to
+government bonds should be raised, the managers said.
+    The syndicate members agreed in April, 1982 that 26 pct of
+10-year government bonds should be underwritten by 93
+securities firms, 17 of them foreign, and 74 pct by banks.
+    The Finance Ministry later approved the arrangement.
+    Foreign brokers want to underwrite more government bonds
+due to their end-investor appeal. &lt;Salomon Brothers Asia Ltd>
+caught market attention by buying 45 billion yen of the 100
+billion of government two-year notes auctioned on February 3.
+    Salomon's operation was an attempt to demonstrate its
+commitment to the Japanese market in the hope of expanding its
+underwriting share of 10-year bonds, securities sources said.
+    They said that to expand participation by foreigners, the
+syndicate must either expand the securities industry's 26 pct
+share, cut local brokerages' share, or introduce auctions to
+the government bond primary market, the sources said.
+    Bankers are likely to oppose losing any share and the
+Finance Ministry is unwilling to introduce auctions on the
+ground that it would slow smooth absorption of bonds in the
+secondary market, securities manager said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19410" NEWID="2992">
+<DATE> 9-MAR-1987 03:51:51.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0322&#31;reute
+u f BC-U.S.-SEEKS-MAJOR-JAPA   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SEEKS MAJOR JAPANESE ECONOMIC CHANGE IN APRIL</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 9 - </DATELINE><BODY>The United States has openly attacked
+Japan's tight-fisted fiscal policy for the first time and
+warned Tokyo its promised economic package in April must be
+significant, senior U.S. Officials said.
+    In high-level talks last week, the U.S. Criticised Japan's
+overall fiscal policy as deflationary and argued that its
+fiscal position is not as dire as it says.
+    The criticism reflects a growing feeling among some U.S.
+Policy-makers that Japan's tight fiscal policy is frustrating
+attempts to stimulate domestic demand and boost imports.
+    The U.S. Attack represents a distinct shift by the
+conservative Reagan administration, which until recently has
+been sympathetic to Tokyo's efforts to reduce the government
+role in the economy, diplomats said.
+    Pointing out that Japan pledged in Paris last month to take
+action to boost demand, a senior U.S. Treasury official said
+the April package must be more than routine.
+    Japanese government bureaucrats have already said they do
+not expect the package to contain much more than a rehash of
+last April's measures.
+    That means accelerated public investment, lower interest
+rates on government housing loans and measures to pass along
+the benefits of the strong yen to consumers, none of which
+would have a major immediate economic impact.
+    Several Japanese officials agreed that the real obstacle to
+stimulating the economy is the fiscal policy pursued by the
+Finance Ministry and said they welcomed the shift in U.S.
+Policy.
+    But they expressed concern that the move might backfire by
+fanning resentment against U.S. Interference in domestic
+affairs.
+    Makoto Kuroda, vice minister for international affairs at
+the Ministry of International Trade and Industry, said Japan
+would stimulate the economy not in response to U.S. Criticism,
+but to meet mounting pressure from Japanese businessmen.
+    The shift in U.S. Policy is also causing some nervousness
+within the Reagan administration.
+    U.S. Undersecretary of State for Economic Affairs Allen
+Wallis told reporters last week the U.S. Does not necessarily
+want an increase in Japan's budget deficit.
+    "There are many measures Japan could take to stimulate its
+economy," he said.
+    The argument is not new and has been raised in the past by
+the Organisation for Economic Cooperation and Development.
+    What is new is U.S. Backing for the position.
+    At last week's talks, Japanese officials said, they argued
+Tokyo had been able to maintain a tight fiscal stance and boost
+the economy with funds from the giant postal savings system.
+    But the Finance Ministry was interested enough to ask for,
+and receive, the figures supporting the new U.S. Position, a
+senior U.S. Official said.
+    Other western officials are not so sure. They said it would
+take time to boost public investment much further, as there are
+not that many projects in the pipeline.
+    Stepped-up capital spending would help domestic
+construction companies, but it would not have much impact on
+imports, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19411" NEWID="2993">
+<DATE> 9-MAR-1987 03:57:57.32</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0336&#31;reute
+u f BC-ASIAN-DOLLAR-ASSETS-E   03-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIAN DOLLAR ASSETS EXCEED 200 BILLION DLRS</TITLE>
+<DATELINE>    SINGAPORE, March 9 - </DATELINE><BODY>The Asian dollar market continued to
+expand in December with total assets and liabilities rising to
+200.60 billion U.S. Dlrs from 188.54 billion in November and
+155.37 billion in December 1985, the Monetary Authority of
+Singapore said.
+    It said the increase came mainly from interbank activity,
+with interbank lending rising to 146.61 billion dlrs in
+December from 134.76 billion in November and 104.93 billion in
+December 1985.
+    Interbank deposits increased to 158.52 billion dlrs against
+147.95 billion and 120.03 billion, respectively.
+    Loans to non-bank customers increased in December to 38.74
+billion dlrs from 38.64 billion in November and 37.44 billion
+in December 1985.
+    Deposits by non-bank customers rose to 33.81 billion dlrs
+against 33.60 billion and 28.02 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19412" NEWID="2994">
+<DATE> 9-MAR-1987 04:11:24.04</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0347&#31;reute
+u f BC-SINGAPORE-M-1-MONEY-S   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE M-1 MONEY SUPPLY UP 3.7 PCT IN DECEMBER</TITLE>
+<DATELINE>    SINGAPORE, March 9 - </DATELINE><BODY>Singapore's M-1 money supply rose 3.7
+pct during December to 9.82 billion dlrs, after a 2.0 pct
+increase in November, the Monetary authority of Singapore (MAS)
+said.
+    M-1 growth for calendar 1986 was 11.8 pct compared with 4.0
+pct growth over the year ending in November.
+    MAS said in its latest monthly statistical bulletin the
+December increase was largely due to seasonal year-end demand.
+    The demand deposit component of M-1 increased to 4.79
+billion dlrs in December from 4.62 billion in November and 4.05
+billion in December 1985.
+    Currency in active circulation rose to 5.03 billion dlrs in
+December from 4.85 billion in November and 4.74 billion a year
+earlier.
+    Broadly-based M-2 money supply rose 1.6 pct to 30.95
+billion dlrs during December after a 1.7 pct rise in November,
+bringing year-on-year growth to 10.0 pct for the year ending in
+December against 10.2 pct for the year ending in November.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19413" NEWID="2995">
+<DATE> 9-MAR-1987 04:24:13.96</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0367&#31;reute
+u f BC-CHINESE-INDUSTRIAL-GR   03-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINESE INDUSTRIAL GROWTH RATE UP AFTER WEAK 1986</TITLE>
+<DATELINE>    PEKING, March 9 - </DATELINE><BODY>The value of China's industrial output in
+January and February this year was 14.1 pct higher than in the
+same 1986 period, the New China News Agency said.
+    Output increased by 5.6 pct from January 1985 to January
+1986 and 0.9 pct from February 1985 to 1986.
+    The agency said the most recent increase was largely due to
+last year's poor performance. "No significant improvement was
+made in economic results," it said, adding that some successes
+were reported in readjusting the industrial product mix in the
+last quarter of 1986.
+    The agency said the amount of tied up working capital rose
+and sizeable funds were occupied by unsaleable goods in 1986.
+    It quoted unnamed economists as saying they expect 1987
+industrial production to increase at a proper rate and with
+better results, due to a cost-efficiency drive underway
+throughout the country. It gave no more details.
+    The official industrial growth target this year is seven
+pct, down from an actual 9.2 pct last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19414" NEWID="2996">
+<DATE> 9-MAR-1987 04:29:46.79</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0374&#31;reute
+u f BC-NEW-DUTCH-ADVANCES-TO   03-09 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW DUTCH ADVANCES TOTAL 6.5 BILLION GUILDERS</TITLE>
+<DATELINE>    AMSTERDAM, March 9 - </DATELINE><BODY>The Dutch central bank said it has
+accepted bids totalling 6.5 billion guilders at tender for new
+eleven-day special advances at 5.3 pct covering the period
+March 9 to 20 aimed at relieving money market tightness.
+    Subscriptions to 500 mln guilders were met in full, amounts
+above 500 mln at 35 pct.
+    The new facility replaces old seven-day advances worth 4.8
+billion guilders at the same rate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19415" NEWID="2997">
+<DATE> 9-MAR-1987 04:31:35.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0376&#31;reute
+b f BC-UNION-BANK-OF-FINLAND   03-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION BANK OF FINLAND ISSUES EUROYEN BOND</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Union Bank of Finland is issuing a 10
+billion yen eurobond due March 30, 1992 paying five pct and
+priced at 102-3/8 pct, lead manager LTCB International Ltd
+said.
+    The bond is available in denominations of one mln yen and
+will be listed in Luxembourg. Payment date is March 30.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct for
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19416" NEWID="2998">
+<DATE> 9-MAR-1987 04:44:04.29</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>japan</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0386&#31;reute
+b f BC-IRAN-SELLING-DISCOUNT   03-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SELLING DISCOUNTED CRUDE, JAPAN TRADERS SAY</TITLE>
+<DATELINE>    TOKYO, March 9 - </DATELINE><BODY>Japanese customers have bought nearly six
+mln barrels of crude oil from the National Iranian Oil Company
+(NIOC) at a substantial discount to the official price, and
+Western traders have received even larger discounts, Japanese
+traders involved in the transactions told Reuters.
+    NIOC has sold its crude for March shipment to Japanese
+customers with different formulas. One company has bought
+800,000 barrels of Iranian Heavy at a straight discount of
+30-35 cents below the official price, the sources said.
+    Other deals have been fixed with prices linked to Oman and
+Dubai spot prices less a discount, they said.
+
+    Iran's discounted sales have not, however, managed to
+reverse the bullish tone in the crude oil and products spot
+markets, oil traders said.
+    Market sentiment is being influenced more by the colder
+weather in Europe, and reports that OPEC's February output was
+below its self-imposed quota of 15.8 mln barrels per day.
+    Firmer gas oil on the London futures, and more bullish
+sentiment on the New York Mercantile Exchange futures market
+are supporting spot price levels, they said.
+
+    Another Japanese trading house has paid the official price
+but through a processing arrangement will effectively receive a
+discount, the sources said. "It's just disguised cheating," one
+Japanese trader said.
+    The sources said only one Japanese company had paid the
+official price for Iranian oil. It has purchased 1.5 mln
+barrels of Iranian Heavy for April shipment for refining in
+Singapore. They said about nine VLCCs of Iranian crude have
+been sold to Western traders with pricing based 60 pct on the
+official price and 40 pct on spot prices, or with part of the
+price related to processing arrangements.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19417" NEWID="2999">
+<DATE> 9-MAR-1987 04:48:20.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0395&#31;reute
+u f BC-ICI-SELLS-STAKE-IN-LI   03-09 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICI SELLS STAKE IN LISTER AND CO</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Imperial Chemical Industries Plc &lt;ICI.L>
+said it had today placed its 19.4 pct stake in Lister and Co
+Plc with L Messel and Co and that it had now been placed widely
+among institutions.
+    Lister is a manufacturer, dyer and finisher of cotton, silk
+wool and man-made fibres.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19418" NEWID="3000">
+<DATE> 9-MAR-1987 04:48:52.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0397&#31;reute
+b f BC-UNILEVER-UNIT-ISSUES   03-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNILEVER UNIT ISSUES 40 MLN AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    London, March 9 - </DATELINE><BODY>Unilever Australia Ltd is issuing 40 mln
+Australian dlrs of bonds due April 14, 1990 carrying a coupon
+of 14-3/4 pct and priced at 101-1/2, said County NatWest
+Capital Markets as lead manager.
+    The bonds are guaranteed by Unilever PLc whose outstanding
+debt securities are rated AAA. The bonds are non-callable and
+will be available in denominations of 1,000 and 10,000 dlrs.
+The securities will be listed on the Luxembourg Stock Exchange.
+    Fees are a one pct selling concession and 1/2 pct combined
+management and underwriting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-003.sgm b/textClassication/reuters21578/reut2-003.sgm
new file mode 100644
index 0000000..2c7fd14
--- /dev/null
+++ b/textClassication/reuters21578/reut2-003.sgm
@@ -0,0 +1,32028 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19419" NEWID="3001">
+<DATE> 9-MAR-1987 04:58:41.12</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0416&#31;reute
+b f BC-U.K.-MONEY-MARKET-SHO   03-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SHORTAGE FORECAST AT 250 MLN STG</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>The Bank of England said it forecast a
+shortage of around 250 mln stg in the money market today.
+    Among the factors affecting liquidity, it said bills
+maturing in official hands and the treasury bill take-up would
+drain around 1.02 billion stg while below target bankers'
+balances would take out a further 140 mln.
+    Against this, a fall in the note circulation would add 345
+mln stg and the net effect of exchequer transactions would be
+an inflow of some 545 mln stg, the Bank added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19420" NEWID="3002">
+<DATE> 9-MAR-1987 05:03:09.75</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0423&#31;reute
+u f BC-BANK-OF-FRANCE-SETS-M   03-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE SETS MONEY MARKET TENDER</TITLE>
+<DATELINE>    PARIS, March 9 - </DATELINE><BODY>The Bank of France said it invited offers
+of first category paper today for a money market intervention
+tender.
+    Money market dealers said conditions seemed right for the
+Bank to cut its intervention rate at the tender by a quarter
+percentage point to 7-3/4 pct from eight, reflecting an easing
+in call money rate last week, and the French franc's steadiness
+on foreign exchange markets since the February 22 currency
+stabilisation accord here by the Group of Five and Canada.
+    Intervention rate was last raised to eight pct from 7-1/4
+on January 2. Call money today was quoted at 7-11/16 7-3/4 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19421" NEWID="3003">
+<DATE> 9-MAR-1987 05:03:38.51</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0426&#31;reute
+u f BC-AMOCO-REPORTS-SOUTH-C   03-09 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO REPORTS SOUTH CHINA SEA OIL FIND</TITLE>
+<DATELINE>    PEKING, March 9 - </DATELINE><BODY>The U.S. &lt;Amoco Petroleum Corp> has
+reported an offshore oil find at its Pearl River basin
+concession in the South China Sea, the New China News Agency
+said.
+    It said the Liu Hua 11-1-1 A well produced at around 2,240
+barrels per day at a depth of 305 metres.
+    The news agency said Amoco plans to drill a second well in
+the area this year, but gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19422" NEWID="3004">
+<DATE> 9-MAR-1987 05:12:17.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0437&#31;reute
+u f BC-SOUTH-KOREA-DELAYS-CO   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA DELAYS CONTRACT FOR NUCLEAR PLANTS</TITLE>
+<DATELINE>    SEOUL, March 9 - </DATELINE><BODY>Technology transfer problems have delayed
+the finalising of contracts between South Korea's state-owned
+Korea Electric Power Corp (Kepco) and U.S. Firms for supplies
+of equipment and services for Kepco's latest two 950-megawatt
+nuclear power plants, a Kepco spokesman said.
+    He told Reuters the contracts for Kepco's tenth and
+eleventh stations, costing between two and three billion dlrs,
+were due for completion by the end of February.
+    Kepco has been negotiating with Combustion Engineering Inc
+(CSP) for pressurised light-water reactors and General Electric
+Co (GE) for turbines.
+
+    KEPCO has also been negotiating with (Sargent and Lundy
+Engineers) for engineering and design consultancy services.
+    "We have been waging a tug-of-war on the transfer of
+advanced technology. But I am optimistic we will sign contracts
+with them within this month," the spokesman said.
+    He said the transfer of advanced technology is vital for
+South Korea, which wants to build future nuclear power plants
+with its own technology.
+    Work on the two plants is due to start about June 1988 for
+completion in 1995 and 1996, although the sites have yet to be
+chosen, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19423" NEWID="3005">
+<DATE> 9-MAR-1987 05:19:27.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0442&#31;reute
+u f BC-KEIAISHA-ISSUING-12-M   03-09 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEIAISHA ISSUING 12 MLN SWISS FRANC NOTES</TITLE>
+<DATELINE>    ZURICH, March 9 - </DATELINE><BODY>Keiaisha Co Ltd of Tokyo is issuing 12
+mln Swiss francs of straight notes due March 26, 1992 with a
+4-5/8 pct coupon, lead manager Gotthard Bank said.
+    The notes can be called from September 26, 1989 at 101-1/4,
+declining semi-annually.
+    The issue is guaranteed by the Kyowa Bank Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19424" NEWID="3006">
+<DATE> 9-MAR-1987 07:59:05.79</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0749&#31;reute
+f f BC-NATIONAL-WESTMINSTER   03-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NATIONAL WESTMINSTER BANK SAYS IT CUTTING BASE LENDING RATE TO 10.5 PCT FROM 11 PCT.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19425" NEWID="3007">
+<DATE> 9-MAR-1987 08:08:57.16</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0776&#31;reute
+b f BC-NATIONAL-WESTMINSTER   03-09 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL WESTMINSTER BANK CUTS BASE RATE</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>National Westminster Bank Plc said it has
+cut its base lending rate  0.5 percentage points to 10.5 pct
+today.
+    National Westminster said that it was responding to general
+easing in money market rates.
+    Its move followed a signal from the Bank of England earlier
+this afternoon that it would endorse a half point cut in the
+base rate, a surprise move following its strong signals last
+week that such a move would be premature.
+    However, since then the pound has continued to gain
+strongly.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19426" NEWID="3008">
+<DATE> 9-MAR-1987 08:11:20.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0792&#31;reute
+s f BC-U.S.-FACILITIES-&lt;USRE   03-09 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FACILITIES &lt;USRE> SEMI-ANNUAL DIVIDEND</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 9 -
+    </DATELINE><BODY>Semi-annual dividend 4 cts
+    Pay May 29
+    Record April 14
+Note: full name is U.S. Facilities Corp. This is first dividend
+declared since company completed its initial public offering on
+November 7.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19427" NEWID="3009">
+<DATE> 9-MAR-1987 08:13:16.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0805&#31;reute
+r f BC-STANDARD-PACIFIC-&lt;SPF   03-09 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD PACIFIC &lt;SPF> ACQUIRES SOUTH BAY S/L</TITLE>
+<DATELINE>    COSTA MESA, Calif, March 9 - </DATELINE><BODY>Standard Pacific LP said it
+has acquired substantially all of the assets and liabilities of
+South Bay Savings and Loan Association of Newport Beach.
+    The firm said over the weekend that it will conduct its
+savings and loan activities through Standard Pacific Savings
+FA, a Federal stock association.
+    On Friday, the Federal Home Loan Bank Board in Washington
+said it approved the acquisition of South Bay S and L, a 62.5
+mln dlr state-chartered stock association, by Standard Pacific,
+which has 312.8 mln dlrs in assets.
+    The Bank Board said that the Federal Savings and Loan
+Insurance Corp will make a cash contribution, provide capital
+loss coverage and indemnify Standard Pacific against
+undisclosed liabilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19428" NEWID="3010">
+<DATE> 9-MAR-1987 08:13:36.29</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0808&#31;reute
+d f AM-URANIUM   03-09 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO ALLOW TEMPORARY IMPORTS OF S.A. URANIUM</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Treasury Department said it would
+temporarily permit imports of South African uranium ore and
+oxide pending clarification of anti-apartheid sanctions laws
+passed by Congress last fall.
+    The decision was announced late Friday. It applies, until
+July 1, to uranium ore and oxide imported into the U.S. for
+processing and re-export to third countries.
+    The Treasury said it took the action because it felt that
+when Congress passed the comprehensive South African sanctions
+bill last fall over President Reagan's veto it had not intended
+to hurt U.S. industry.
+    In addition, the Treasury said it would permit U.S.-made
+goods to be imported temporarily from South African
+state-controlled organizations for repair or servicing.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19429" NEWID="3011">
+<DATE> 9-MAR-1987 08:15:28.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0812&#31;reute
+u f BC-PAPER-SAYS-INDICTMENT   03-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPER SAYS INDICTMENTS IN IRAN CASE EXPECTED</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The special prosecutor in the Iran arms
+scandal is expected to bring indictments that could include
+felony charges against senior Reagan administration officials,
+the New York Times reported.
+    It quoted law enforcement officials with knowledge of the
+investigation as saying special prosecutor Lawrence Walsh, who
+is investigating the scandal, was focusing on three areas.
+    The paper identified these as conspiracy to defraud the
+government, obstructing justice and making false statements to
+the government. It said the prosecutor had not ruled out any
+suspects, including current and former government officials.
+ MORE
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19430" NEWID="3012">
+<DATE> 9-MAR-1987 08:15:42.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0814&#31;reute
+r f BC-NYSE-RULE-COULD-AFFEC   03-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE RULE COULD AFFECT TRADING IN LONDON</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>An existing New York Stock Exchange,
+NYSE, rule might be used to limit the trading activities of its
+members in London in stocks listed on both exchanges, sources
+at the London Exchange said.
+    This could arise if the London Stock Exchange goes ahead
+with plans to close its trading floor.
+    The London Exchange sources were commenting on press
+reports that the NYSE would bar its members firms from trading
+on the London Exchange in interlisted stocks during periods
+when the NYSE was open.
+    The London exchange is seeking clarification.
+    London Exchange sources said the possibility of
+restrictions on NYSE members appears to reflect a rule which
+requires that exchanges recognised by the NYSE possess a
+trading floor.
+    Last month, the London Exchange said in a statement that it
+planned to close its floor in due course, apart from a floor
+for traded options, because almost all business is now being
+done by screen and telephone between brokerage offices.
+    This development stemmed from the Big Bang restructuring of
+the market on October 27. The demise of the traditional Stock
+Exchange floor has been widely expected, though no date has
+been set as yet.
+    Market sources said a compromise over the NYSE rule could
+well be reached, partly because the interests of U.S.
+Securities dealers are not all identical.
+    Some of them could well start lobbying the NYSE, pointing
+out, among other things, that the expansion of global trading
+needs to be based on reciprocal arrangements.
+    NYSE brokerage firms which also trade on the London
+Exchange would presumably be put at a disadvantage over
+non-NYSE U.S. Firms, which  have affiliates on the London
+Exchange, market sources said.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19431" NEWID="3013">
+<DATE> 9-MAR-1987 08:16:35.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0816&#31;reute
+u f BC-/PIEDMONT-&lt;PIE>-AGREE   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT &lt;PIE> AGREES TO USAIR &lt;U> BUYOUT</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>USAir Group Inc said Piedmont Aviation
+Inc has agreed to be acquired for 69 dlrs per share.
+    The company, in a newspaper advertisement, said it has
+started a tender offer for all Piedmont shares at that price,
+and the Piedmont board, with two directors absent, has
+unanimously approved the bid.  The offer and withdrawal rights
+are to expire April Three unless extended, and the bid is to be
+followed by a merger at the same price.
+    USAir said Piedmont has granted it an irrevocable option to
+buy up to 3,491,030 new shares under certain circumstances.
+Piedmont now has about 18.6 mln shares outstanding.
+    USAir said the tender is conditioned on receipt of enough
+shares to give USAir at least a 50.1 pct interest in Piedmont
+on a fully diluted basis and approval by the U.S. Department of
+Transportation of a voting trust agreement permitting USAir to
+buy and hold shares pending review of its application to gain
+control of Piedmont.
+    The company said its merger agreement with Piedmont
+provides that the offer is not to be amended without Piedmont's
+prior written consent in any way that would be adverse to
+Piedmont shareholders, but it said it could cut the number of
+shares to be bought without Piedmont's consent.
+    USAir said it could reduce the number of Piedmont shares to
+be purchased in the offer to no less than the minimum number
+needed to cause the voting trust condition of the bid to be
+satisfied.
+    In that case, it said if more than that minimum number of
+shares were tendered, it would buy shares on a pro rata basis.
+    In February USAir had offered to pay 71 dlrs per share in
+cash for 50 pct of Piedmont's stock and 1.55 to 1.90 USAir
+shares for each remaining Piedmont share.
+    Last week, Carl C. Icahn-controlled Trans World Airlines
+Inc &lt;TWA> made a conditional offer to acquire USAir for 52 dlrs
+per share, a bid that was rejected by the USAir board.
+    The Transportation Department on Friday rejected TWA's
+application to acquire USAir on the grounds that the
+application failed to comply with department regulations by
+omitting necessary information.  TWA said it would refile
+today, providing the information needed.
+    On Friday TWA said it had already acquired four mln shares
+or 15 pct of USAir.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19432" NEWID="3014">
+<DATE> 9-MAR-1987 08:21:01.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0832&#31;reute
+r f BC-U.S.-AIDES-SEE-MOSCOW   03-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AIDES SEE MOSCOW AGREEING TO ARMS CHECK PACT</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>Senior U.S. Arms control officials
+said they were optimistic the United States and Soviet Union
+could reach agreement on ways to verify a pact to eliminate
+medium-range nuclear missiles in Europe.
+    Chief U.S. Arms control negotiator Max Kampelman said on
+the NBC television network a fair pact would be hard to
+negotiate, but, "We are determined to do it."
+    Assistant Secretary of Defence for international security
+policy Richard Perle said he thought the two sides could agree
+on a method to ensure each side was honouring a missile pact.
+    President Reagan said on Friday that Secretary of State
+George Shultz would go to Moscow next month for talks on arms
+control and a possible U.S.-Soviet summit meeting.
+    The decision to send Shultz to Moscow followed an
+announcement by Soviet leader Mikhael Gorbachev that he was
+willing to separate elimination of medium-range missiles in
+Europe from his demand for curbs on U.S. Development of a
+Strategic Defence Initiative (SDI) anti-missile system.
+    Kampelman said the United States and the Soviet Union both
+had a general definition of so-called "intrusive" or on-site
+inspection of a pact, but details would be tough to work out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19433" NEWID="3015">
+<DATE> 9-MAR-1987 08:22:57.04</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f0839&#31;reute
+d f BC-API-REPORTS-SHARP-FAL   03-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>API REPORTS SHARP FALL IN DRILLINGS</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>Estimated oil and gas drilling
+completions in the United States dropped by almost 41 per cent
+in 1986 from 1985, the American Petroleum Institute said.
+    API, an industry group, said that of the 42,387 wells
+completed last year, a total of 19,741 were oil wells, 8,645
+were natural gas wells and 14,001 were dry holes.
+    In 1985, a total of 71,539 wells were drilled - 36,834 oil
+wells, 13,036 gas wells and 21,669 dry holes.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19434" NEWID="3016">
+<DATE> 9-MAR-1987 08:23:31.25</DATE>
+<TOPICS><D>instal-debt</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0840&#31;reute
+b f BC-U.K.-CREDIT-BUSINESS   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. CREDIT BUSINESS FALLS IN JANUARY</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>New credit advanced by finance houses,
+retailers, bank credit cards and other specialist providers of
+credit slipped to 2.66 billion stg in January from 2.78 billion
+in December - but remained close to the average level for
+1986's fourth quarter, the Department of Trade and Industry
+said.
+    Of the January total, 1.15 billion stg was advanced on bank
+credit cards.
+    On a three-month basis, total advances in November to
+January were 3.0 pct lower than in the previous three months.
+Within this total, lending to consumers fell by 6.0 pct and
+lending to businesses declined by 5.0 pct.
+    At end-January 1987, the total amount outstanding was 24.07
+billion stg, up from December's 23.77 billion stg and 3.0 pct
+above the total three months earlier, the department said.
+    January saw a rise of 300 mln stg in amounts outstanding to
+finance houses, other specialist credit grantors and retailers.
+    The department said advances on credit cards rose by 1.0
+pct between the latest two three-month periods. Retailers
+advanced 3.0 pct less in the latest three months than in the
+previous three months, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19435" NEWID="3017">
+<DATE> 9-MAR-1987 08:27:14.06</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0842&#31;reute
+u f BC-BRAZILIAN-SEAFARERS'   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN SEAFARERS' STRIKE DAMAGES OIL EXPORTS</TITLE>
+<DATELINE>    SAO PAULO, March 9 - </DATELINE><BODY>A strike by Brazil's 40,000 seafarers
+who want pay rises of up to 180 pct may have cost the
+state-owned oil company Petrobras 20 mln dlrs in lost export
+orders, the company's commercial director Arthur de Carvalho
+was quoted as saying in press reports.
+    More than 170 ships in Brazil, and about nine more in
+foreign ports, have been halted by the strike, which began on
+February 27.
+    Marines began blockading the ships on Friday after the
+strike was ruled illegal, and some strikers are running short
+of food, National Merchants Marine Union president Edson Areias
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19436" NEWID="3018">
+<DATE> 9-MAR-1987 08:38:11.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0875&#31;reute
+u f BC-NEC-&lt;NIPNY>-UNIT-INTR   03-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEC &lt;NIPNY> UNIT INTRODUCES NEW COMPUTERS</TITLE>
+<DATELINE>    BOXBOROUGH, Mass., March 9 - </DATELINE><BODY>NEC Corp's NEC Informational
+Systems Inc said it introduced three advanced personal
+computers that are fully compatible with the International
+Business Machines Corp &lt;IBM> PC AT.
+    The computers, the PowerMate 1, PowerMate 2 and
+BusinessMate, are based on a chip made by Intel Corp &lt;INTC>.
+    The PowerMate 1 and 2 are available immediately and sell
+for 1,995 dlrs and 2,595 dlrs, respectively, the company said.
+    The BusinessMate, scheduled for April availability, will
+sell for less than 6,000 dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19437" NEWID="3019">
+<DATE> 9-MAR-1987 08:40:06.50</DATE>
+<TOPICS><D>trade</D><D>gnp</D><D>bop</D><D>dlr</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0886&#31;reute
+d f BC-OECD-TRADE,-GROWTH-SE   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD TRADE, GROWTH SEEN SLOWING IN 1987</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>The 24 nations of the Organisation for
+Economic Cooperation and Development (OECD), hampered by
+sluggish industrial output and trade, face slower economic
+growth, and their joint balance of payments will swing into
+deficit in 1987, the Economist Intelligence Unit (EIU ) said.
+    The EIU said in its World Trade Forecast it revised OECD
+economic growth downwards to 2.5 pct this year, compared with a
+2.8 pct growth forecast in December.
+    It said the new areas of weakness are West Germany and the
+smaller European countries it influences, and Japan, hardest
+hit by currency appreciation this year.
+    The independent research organisation cut its 1987 growth
+rate forecasts for West Germany to 2.2 pct from 3.2 pct in
+December and to 2.3 pct from three pct for Japan.
+    It said it expected the OECD to post a current account
+deficit of some 13 billion dlrs in both 1987 and 1988, due in
+large part to a 1.50 dlrs a barrel rise in 1987 oil prices.
+    It said the U.S. Current account deficit looked likely to
+fall even more slowly than forecast, to 125 billion dlrs in
+1987 and 115 billion in 1988 from 130 billion in 1986.
+    It said it expected West Germany to post a 31 billion dlr
+payments surplus and Japan a 76 billion dlr surplus this year.
+    The EIU said it saw oil prices dropping to around 16.50
+dlrs a barrel by end-1987 and 15.50 dlrs in 1988 from about 18
+dlrs last year, as adherence to OPEC output policy becomes
+increasingly ragged.
+    It said the dollar is poised to resume its decline in
+foreign exchange markets, and will lose a further 13 pct on its
+trade-weighted index this year and five pct in 1988 after last
+year's 18.4 pct drop. The average mark/dollar rate is put at
+1.80 marks this year and 1.70 in 1988 while the yen/dollar rate
+is expected to break through the 150 yen barrier with an
+average value of 150 yen in 1987 and 146 yen in 1988, it said.
+    "This is not a crash scenario but the dollar's steeper
+angle of descent increases the risk of ending with a fireball
+rather than a three-point landing," the EIU said.
+    "Talking will not stop the dollar's slide for long and the
+February meeting (of finance ministers of the Group of Five and
+Canada) produced scant promise of either a decisive shift to
+more expansive policies in West Germany and Japan, or a tighter
+U.S. Fsical policy," it said.
+    It said the key to the dollar's fortunes was the
+willingness of Japanese institutions to buy U.S. Government
+assets despite prospects of sustaining a currency loss.
+    "Thus far they have been willing," the EIC said, adding
+that if Japan was deterred from buying U.S. bonds the dollar
+would collapse.
+    To contain such a currency crisis, dollar interest rates
+would have to soar, bringing recession and a Third World debt
+crisis, it said.
+    On trade, the EIU said prospects for 1987 look
+"increasingly sick."
+    Import growth, forecast in December at 4.5 pct, is now seen
+slowing down to around 3.8 pct in 1987 with a recovery only to
+4.2 pct in 1988, it said.
+    The weakness of the West German economy is the biggest
+single factor, with import growth there expected to feature a
+sluggish 3.5 pct growth in 1987 against the 6.5 pct forecast in
+December, the EIU said.
+    On the export side, it said it saw weak demand in West
+Germany affecting export prospects elsewhere in Europe, while
+Japan's exports in 1987 would remain flat and sales by U.S.
+Exporters would respond only marginally to a lower, more
+competitively-priced dollar.
+    It said in most of Europe and in Japan, raw materials and
+oil will cost less in domestic currency in 1987 than in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19438" NEWID="3020">
+<DATE> 9-MAR-1987 08:44:23.42</DATE>
+<TOPICS><D>interest</D><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0895&#31;reute
+u f BC-POEHL-SAYS-FURTHER-RA   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POEHL SAYS FURTHER RATE CUT POSSIBLE - SOURCES</TITLE>
+<AUTHOR>    By Allan Saunderson and Antonia Sharpe, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 9 - </DATELINE><BODY>Bundesbank president Karl Otto Poehl
+told a closed investment symposium that West Germany could cut
+leading interest rates again if the United States makes a
+similar move, banking sources said.
+    The sources were reporting Poehl's remarks at a symposium
+in Duesseldorf last week organised by Deutsche Bank Ag. Press
+representatives were not invited.
+    The sources, speaking separately, said Poehl told about 200
+bankers in reply to questions that a cut in U.S. Interest rates
+would give room for a matching measure in Germany.
+    "It was a definite hint at lower German interest rates," said
+one banker who attended the symposium.
+    A Bundesbank spokesman said the central bank would have no
+comment on the reported remarks, made at the private meeting.
+    But, according to a second source, who also declined to be
+identified, Poehl's comments were seen by bankers present as a
+direct pointer to further moves by the central bank to defend
+German industry from an additional revaluation of the mark.
+    "He said if the Americans drop their interest rates then the
+Bundesbank would also drop them. He said that quite clearly,"
+the second source said.
+    In reply to questions, Poehl also said the half-point cut
+in the discount and Lombard rates on January 22 came after the
+U.S. Had signalled it would be prepared to attend a meeting to
+discuss the level of the dollar on condition Germany made such
+a move in advance, the sources said.
+    Asked if American authorities could have been persuaded, by
+cuts in German rates, to come to the bargaining table as early
+as last September, one of the sources quoted Poehl as saying,
+"No, they wouldn't have been. We checked that."
+    The Paris meeting of the Group of Six industrial nations
+took place exactly one month after the German cut in rates.
+    Poehl emphasised in his comments the very close talks
+between central banks before and after the G-6 meeting, saying
+that financial markets had not fully realised the significance
+of the Paris session and the U.S. Agreement to stem further
+falls in the value of the dollar, the sources said.
+    For the first time all participants at the summit agreed
+that a further fall in the dollar would be harmful for all
+world economies, including the U.S., Poehl had said.
+    The sources said the tone of Poehl's comments boosted
+growing sentiment that the dollar would be stabilised around
+current levels by international central bank cooperation.
+    One source said Poehl's remarks also underlined the fact
+that the Bundesbank was now more prepared to be accommodative
+in monetary policy in order to prevent a further slowdown in
+West Germany's economic growth.
+    Poehl and other Bundesbank officials have in the past
+stressed that the German central bank had no direct
+responsibility for growth and was solely concerned with
+combatting inflation.
+    This led, for instance, to the introduction of a tighter
+monetary stance from the beginning of December until the
+half-point cut in rates in late January.
+    The sources quoted Poehl as saying that the current
+overshooting of the German monetary target would not directly
+respark inflation. The Bundesbank was not obliged to react
+immediately whenever such overshooting occurs.
+    Latest data for central bank money stock, the Bundesbank's
+main measure of money supply, showed the measure was growing at
+7-1/2 pct in January, outside its three to six pct 1987 target.
+    Share prices rose in very active trading today, with
+dealers reporting that Poehl's remarks, coupled with a bullish
+outlook on stock prices from Deutsche at the same symposium,
+brought in strong bargain hunting at current low levels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19439" NEWID="3021">
+<DATE> 9-MAR-1987 08:44:51.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0897&#31;reute
+u f BC-PLESSEY-TO-SELL-TELEP   03-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLESSEY TO SELL TELEPHONE SYSTEM TO COLOMBIA</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Plessey Co Plc &lt;PLY.L> said it had won a
+multi-million stg contract to supply Colombia with the System X
+digital telephone exchange, the first major export contract for
+the system.
+    Company sources said the deal was worth about 15 mln stg.
+v    A Plessey statement said the contract, awarded by the
+National Telecommunications Authority of Colombia, was won
+against competition from Telefon L M Ericsson AB, NEC Corp,
+Fujitsu Ltd and Italtel of Italy.
+    "The award is regarded as a triumph for System X and a
+breakthrough in the South American market," it said.
+    Plessey said the contract was one of the largest awarded by
+Telecom Colombia for the past 10 years and involved supplying
+13 telephone exchanges including 68,000 lines.
+    The award also includes transmission equipment for the
+interconnection of the exchanges and the existing system.
+    The firm was actively marketing  System X worldwide and
+contract negotiations in certain countries had reached an
+advanced stage, it said.
+    Plessey shares were down 5p at 235p, having gone
+ex-dividend.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19440" NEWID="3022">
+<DATE> 9-MAR-1987 08:46:08.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0901&#31;reute
+r f BC-VENEZUELA-REVEALS-DEB   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA REVEALS DEBT PAYMENT SCHEDULE DETAILS</TITLE>
+<DATELINE>    CARACAS, March 8 - </DATELINE><BODY>The 20.3 billion dlr debt rescheduling
+accord Venezuela signed a week ago will reduce its payments
+over the next three years by 64 pct, according to Finance
+Ministry figures released this weekend.
+    A ministry statistical analysis said while the original
+accord called for payments of 3.82 billion dlrs between 1987
+and 1989, the new agreement requires debt servicing of 1.35
+billion over the same period. In 1987, Venezuela will be
+required to pay 250 mln dlrs instead of the 1.55 billion
+originally agreed. Payments in 1988 were cut to 400 mln from
+1.20 billion, and in 1989 to 700 mln from 1.11 billion.
+    The ministry's analysis said the reduction in debt
+servicing during 1987-1989 amounts to an effective grace
+period, something the Venezuelan negotiators sought from
+creditor banks but were not granted.
+    Most of the rescheduling falls during 1994-1998, when 53.3
+pct, or some 11.25 billion dlrs, must be paid. Under the
+February 27 accord, Venezuela will repay 20.3 billion dlrs of
+public sector debt over 14 years at 7/8 of a percentage point
+over London interbank offered rates (Libor).
+    This compares with the February 1986 accord which called
+for a 12-year term and interest of 1-1/8 point over Libor.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19441" NEWID="3023">
+<DATE> 9-MAR-1987 08:48:26.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0909&#31;reute
+r f BC-SOSNOFF-STARTS-BID-FO   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOSNOFF STARTS BID FOR CAESARS WORLD &lt;CAW></TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>&lt;MTS Acquisition Corp>, a company
+formed by Martin T. Sosnoff, said it has started a tender offer
+for all shares of Caesars World Inc at 28 dlrs each.
+    In a newspaper advertisement, MTS said the offer and
+withdrawal rights expire April Three unless extended.
+    Sosnoff, a New York investor, already owns about four mln
+of Caesars' 30.3 mln shares outstanding, or about 13.3 pct, and
+is Caesars' largest shareholder.  Caesars owns casino hotels in
+Nevada and honeymoon resorts in Pennsylvania's Pocono
+Mountains.  It also controls Caesars New Jersey Inc &lt;CJN>,
+which owns an Atlantic City, N.J., casino hotel.
+    For the second quarter ended January 31, Caesars World
+earned 12.6 mln dlrs on revenues of 190.4 mln dlrs, up from
+earnings of 7,500,000 dlrs and revenues of 163.8 mln dlrs a
+year before.  For all of fiscal 1986, the company earned 41.0
+mln dlrs on revenues of 694.4 mln dlrs.
+    MTS said the offer is conditioned on receipt of at least
+enough shares to give Sosnoff a majority interest on a fully
+diluted basis, the arrangement of sufficient financing to buy
+all Caesars shares not already owned and pay related costs and
+approval by the New Jersey Casino control Commission and the
+NEvada Gaming Commission and State Gaming Control Board.
+    MTS said Marine Midland Banks Inc &lt;MM> has committed to
+lend it 100 mln dlrs for the acquisition and use its best
+efforts to syndicate another 400 mln dlrs in senior financing
+for the transaction.
+    It said its financial adviser, PaineWebber Group Inc &lt;PWJ>,
+has stated in writing that subject to market conditions, it is
+highly confident that it can arrange commitments for up to 475
+mln dlrs in "mezzanine" financing.
+    MTS said it does not expect problems in obtaining New
+Jersey and Nevada regulatory approval for the acquisition,
+since ownership in a Caesars stake has already been cleared.
+    In June 1986, Sosnoff requested a seat on the Caesars World
+board, a request that has not yet been granted.  In September
+1986, Sosnoff, who is chairman of &lt;Atalanta/Sosnoff Capital
+Corp>, filed for clearance under U.S. antitrust laws to raise
+his interest in Caesars World to 25 pct.
+    Sosnoff said, in a letter to Caesars World chairman and
+chief executive officer Henry Gluck, that "The decision to go
+directly to the shareholders was made at the urging of may
+financial and legal advisors, who repeatedly stressed to me the
+lack of responsiveness of the management in the past."
+    Sosnoff, who said he has made numerous efforts to express
+his views to management on ways of maximizing shareholder
+values, said Caesars twicce refused his request for a board
+seat.  "My advisers felt that, had I given you advance notice,
+you would have used the time to throw up obstacles to my offer
+rather than giving it serious consideration," he said.
+    Sosnoff said he hopes that Caesars World management will be
+willing to negotiate an acquisition agreement with him.
+    "As I have indicated publicly in the past, I believe
+operating management of the company has performed well and that
+appropriate consideration should be given to a significant
+equity interest for them in the company following the
+acquisition," Sosnoff said in the letter to Gluck.
+    MTS said Sosnoff has asked the company to fix March 27 as
+the record date for the determination of shareholders entitled
+to authorize action without a meeting -- including the election
+or removal of directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19442" NEWID="3024">
+<DATE> 9-MAR-1987 08:51:35.60</DATE>
+<TOPICS><D>gnp</D><D>jobs</D><D>cpi</D><D>bop</D><D>dfl</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0913&#31;reute
+r f BC-DUTCH-PLANNING-AGENCY   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH PLANNING AGENCY FORECASTS LOWER GROWTH</TITLE>
+<DATELINE>    THE HAGUE, March 9 - </DATELINE><BODY>Dutch economic growth is slowing as a
+firming guilder cuts competitiveness abroad and industries
+reduce the pace of investment, the Dutch official planning
+agency CPB said.
+    The Centraal Planbureau, publishing its 1987 economic
+outlook, said Dutch Net National Income (NNI) was expected to
+grow by one pct this year, down from two pct growth recorded in
+1986 and 2.5 pct in 1985 and 1984.
+    Dutch Gross National Product is expected to rise to 432.20
+billion guilders in 1987 in constant prices, a two pct increase
+from last year's 423.95 billion.
+    The CPB, forecasting an 8.5 pct increase in the value of
+the guilder on a trade-weighted basis compared with 10.0 pct
+last year, said the dollar was expected to trade at an average
+of 2.0 guilders in 1987 compared with 2.45 guilders in 1986.
+    "The higher guilder is causing a substantial fall in unit
+labour costs abroad, when measured in guilder terms, while
+these are rising slightly in the Netherlands," the CPB said.
+    More of economic growth now depended on domestic
+consumption, the CPB said, but noting that higher margins set
+by domestic producers and importers mitigated the effect on
+purchasing power of lower import costs and deflation.
+    Consumer prices were set to fall by 1.5 pct this year, the
+CPB said. Inflation was zero last year.
+    Gross investment in industry was expected to grow by five
+pct this year, a slowdown compared with 11.5 pct growth last
+year, the CPB said.
+    Exchange rate and oil price fluctuations will continue to
+condition the Dutch economy in the future as it has in recent
+years, the CPB said, noting a continued depressing impact of
+these factors on Dutch competitiveness.
+    In addition, it noted a slight rise in taxation and social
+security costs to employers.
+    The CPB, forecasting a rise in the budget deficit to 7.2
+pct of Net National Income in 1987 from 6.3 pct last year,
+urged the government to cut expenditure further to bring down
+the deficit and reduce tax and social security payments in
+future.
+    Dutch government revenue is being depressed further by
+falling income from natural gas sales in 1987, the CPB said.
+    It said unemployment was expected to fall to 675,000 this
+year from 710,000 last year.
+    While the two pct GDP growth forecast set by the CPB is
+within its latest forecast, issued last month, of 1.5 to two
+pct growth, the figure is well above recent market estimates.
+    Dutch merchant bank Pierson, Heldring en Pierson said in
+its February economic outlook that GDP growth at constant
+prices was expected to be 1.1 pct this year and market analysts
+had expected the CPB's final forecast to be below its own
+latest estimate.
+    "It is too early to comment because I haven't seen the whole
+document yet, but it would seem we are more pessimistic in some
+of our estimates," a Pierson economist said.
+    The CPB forecast 2.5 pct export growth in volume terms in
+1987, after four pct growth last year. Excluding energy
+exports, the 1987 figure would be two pct, it said.
+    Imports were set to rise by 4.5 pct this year compared with
+four pct in 1986 in volume terms, the CPB said.
+    The balance of payments would see a sharp decline in the
+surplus, to six billion guilders in 1987 compared with 12.1
+billion last year, the CPB forecast.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19443" NEWID="3025">
+<DATE> 9-MAR-1987 08:51:49.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0914&#31;reute
+b f BC-TRUMP-MAKES-BID-FOR-C   03-09 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRUMP MAKES BID FOR CONTROL OF RESORTS &lt;RTB></TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Casino owner and real estate developer
+Donald Trump has offered to acquire all Class B common shares
+of Resorts International Inc, a spokesman for Trump said.
+    The estate of late Resorts chairman James M. Crosby owns
+340,783 of the 752,297 Class B shares.
+    Resorts also has about 6,432,000 Class A common shares
+outstanding. Each Class B share has 100 times the voting power
+of a Class A share, giving the Class B stock about 93 pct of
+Resorts' voting power.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19444" NEWID="3026">
+<DATE> 9-MAR-1987 08:54:12.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0922&#31;reute
+u f BC-IOMEGA-&lt;IOMG>-SETS-MA   03-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IOMEGA &lt;IOMG> SETS MANAGEMENT, LABOR LAYOFFS</TITLE>
+<DATELINE>    ROY, Utah, March 9 - </DATELINE><BODY>Iomega Corp said it has laid off over
+a quarter of its professional and management staff and nearly
+half of its direct labor force as part of a restructuring and
+downsizing of its business.
+    The company also said it will receive a qualified opinion
+from the auditors of it 1986 financial statement subject to the
+outcome of two suits. The company is a defendant in a
+consolidated class action law suit which seeks damages in an
+unspecified amount and is also a defendant in a related
+shareholder action.
+    Iomega said the auditors state in their opinion letter that
+both actions are in the early stages of discovery and the
+likely outcome can not be determined at this time.
+    The company said a corporate wide reduction of its
+professional, management and indirect labor will result in the
+permanent elimination of 183 positions in all functional areas
+of the company's business. This represents over 25 pct of
+professional, management and indirect employees, it added.
+    In addition, Iomega announced layoff of about 182
+employees, principally from its manufacturing direct labor
+force. Those affected represent about 46 pct of direct labor.
+    Commenting on the layoffs, Iomega said those from among the
+direct labor force affects personnel building the Alpha Eight
+Inch Disk Drive and Bernoulli Boxes.
+    "This action is required as we bring our finished goods
+inventory and inventory in our distribution channels down to
+acceptable levels," it explained.
+    The company stated this layoff does not affect the
+production of its new 5-1/4 inch Beta 20 product which is
+currently being built to a backlog of orders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19445" NEWID="3027">
+<DATE> 9-MAR-1987 08:58:22.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0942&#31;reute
+d f BC-TECHNOLOGY/NEW-ERA-FO   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNOLOGY/NEW ERA FOR INFORMATION HANDLING</TITLE>
+<AUTHOR>    By Lawrence Edelman, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Ground-breaking new systems for storing
+and retrieving information are ushering in a new era for
+computer companies and computer users.
+    Within the past few weeks, International Business Machines
+Corp &lt;IBM>, Eastman Kodak Co &lt;EK> and others have launched
+products that radically increase the amount of data that can be
+catalogued and shelved in computerized libraries.
+    "This flurry of new technology could yield systems that
+handle a multimedia blitz of data," said Ian Warhaftig, a
+senior analyst with International Data Corp, Framingham, Mass.
+    "We're developing new systems because our customers are
+asking for them," Peter Giles, vice president and general
+manager of Kodak's mass memory division, said in a recent
+interview.
+    This demand is expected to soar in coming years. While
+estimates vary, industry analysts project that providing
+products and services geared for information storage and
+retrieval could become a 20 billion dlr a year business by
+1995.
+    A wide range of technologies will be needed to meet the
+varying requirements of users.
+    For example, a large credit verification service would want
+a system from which it could quickly retrieve credit data and
+relay it to its clients. A law firm, however, may need a
+computerized law library in which capacity, rather than speed,
+is the key feature. For architects and engineers, the ability
+to store photographs, sketches and other graphics would be
+crucial.
+    Regardless of the specific application, the trend is toward
+converting information - documents, video or film or even sound
+recordings - into to the digital language of zeros and ones
+understood by computers.
+    Saving space is the key goal in digitizing data for
+storage. An optical disk the size of a standard compact disk
+can store 550 megabytes of data, or about 250,000 pages of
+typewritten text.
+    For this reason, the compact disk read-only memory, or
+CD-ROM, is already a popular data storage media. Last week,
+Microsoft introduced Microsoft Bookshelf, a 300 dlr program
+that contains, on a single CD-ROM disk, a dictionary,
+thesaurus, national ZIP code directory, Bartlett's Familiar
+Quotations, the World Almanac and other reference works.
+    Scores of such products are already on the market, but most
+are specialty items, such as Lotus Development Corp's &lt;LOTS>
+CD-ROM data base of stock information for financial analysts
+and investors. "Microsoft Bookshelf is important because it
+marks the arrival of CD-ROM packages for the general public,"
+said Ian Warhaftig of International Data Corp.
+    One drawback of the CD-ROM, which uses a laser to record
+and read data, is that that it requires a special player.
+CD-ROM players for the retail market will appear later this
+year.
+    Moreover, IDC's Warhaftig said CD-ROM's will be integrated
+with personal computers.
+    "Eventually, CD-ROM's will fit right inside the PC box," he
+said. "Imagine the advantage of having a spelling checker and
+thesaurus at your fingertips when you're writing with a word
+processing program."
+    But CD-ROM's are just the beginning. Also last week, Kodak
+unveiled several systems that use 12-inch optical disks. The
+largest Kodak system uses a jukebox-like cabinet to hold up to
+150 optical disks from which data can be retrieved in a matter
+of seconds.
+    Kodak also announced a 14-inch optical disk with 6.8
+gigabytes of memory, five times the memory of a CD-ROM. The
+Kodak disk, which will not be available until the middle of
+1988, is designed for users who need quick access to very large
+amounts of data, said Kodak's Giles.
+    Meanwhile, N.V. Philips &lt;PGLO.AS>, the Dutch electronics
+giant, is preparing to take optical disk technology a step
+further with the first disk that can combine text, video and
+sound. Philips said the system, called Called CD-Interactive,
+will be ready next year. It will include a new kind of CD-ROM
+player that can hook up with a television set and stereo.
+     Additional breakthroughs are expected as the next
+generation of computer memory chips are introduced. Last month
+IBM said it has made a four-megabyte chip, capable of storing
+more data than eight CD-ROM's. Meantime, &lt;Nippon Telegraph and
+Telephone> of Japan said it has built a 16-megabyte chip.
+    Analysts say commercial versions of these chips are several
+years away, though some suspect that IBM may start volume
+production of its four-megabyte chip sometime this year.
+    Such chips will enable computer makers to build computers
+with immense memory capacities.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19446" NEWID="3028">
+<DATE> 9-MAR-1987 09:01:34.94</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0951&#31;reute
+u f BC-BRAZIL-SEAMEN-CONTINU   03-09 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SEAMEN CONTINUE STRIKE DESPITE COURT</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 9 - </DATELINE><BODY>Hundreds of marines were on alert
+at 11 key Brazilian ports after 40,000 seamen decided to remain
+on indefinite strike, even after the Higher Labour Court
+Saturday ruled it illegal, union leaders said.
+    The halt, the first national strike by seamen in 25 years,
+started on February 27, and union leaders said they would not
+return to work unless they got a 275 pct pay rise. Shipowners
+have offered a 100 per cent raise, which the seamen rejected.
+    "We have nothing to lose. If they want to lay off the
+workers, fine, but we are determined to carry on with our
+protest until the end," a union leader said.
+ more
+    He said they had decided in a meeting that if the marines
+take over the ships, the seamen would abandon the vessels and
+let the marines handle the situation by themselves.
+    A spokesman for the Rio de Janeiro Port said the order to
+send marines to take over the ports was given by Navy Minister
+Henrique Saboya on grounds that ports are areas of national
+security. But he said there were no incidents. The strike has
+cut exports and imports and made an estimated 160 ships idle.
+    Petrol station owners in four states also continued their
+shutdown and there were fears that the combination of the two
+stoppages could lead to a serious fuel shortage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19447" NEWID="3029">
+<DATE> 9-MAR-1987 09:06:39.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0971&#31;reute
+r f BC-BANKING-TRADE-GROUP-S   03-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKING TRADE GROUP SAYS BANK PROFITS DOWN</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The American Bankers Association said
+the profitability of the nation's commercial banks declined by
+12 pct during the first three quarters of 1986.
+    During the first nine months of last year, the industry's
+annualized rate of return on assets dropped to 0.68 pct from
+0.77 pct in the same period in 1985, the ABA said. Return on
+equity fell to 10.8 pct from 12.3 pct the previous year.
+    Despite the decline in profits, the ABA said banks' capital
+grew boosting the industry's capital ratio to 6.4 pct from 6.3
+pct.
+    The number and size of banks losing money during the period
+increased significantly, the ABA said.
+    During the first nine months of 1986, 17.5 pct of banks,
+holding 9.6 pct of banking assets, were unprofitable, the group
+said. That compares with 13 pct of banks, holding 8.8 pct of
+assets, during the same period in 1985, it said.
+    The industry's provisions for loan losses increased to 0.73
+pct of assets during the period, up from 0.59 pct of assets
+during the same period in 1985, the group said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19448" NEWID="3030">
+<DATE> 9-MAR-1987 09:08:09.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0975&#31;reute
+r f BC-PAPER-INSTITUTE-SEES   03-09 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPER INSTITUTE SEES STRONG PAPER MARKET IN '87</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The American Paper Institute said the
+industry is headed for another year of record volume in 1987,
+with linerboard particularly strong.
+    "A pro-growth trade policy, continued attention to currency
+management, a fairly low interest rate climate and no major tax
+increases are the essential ingredients in this outlook," Red
+Cavaney, American Paper Institute president said.
+    Cavaney said that so far this year the industry's
+performance mimics last year's strength.
+    Last year, he said, paper and paperboard production hit a
+record 71 mln tons, 5.9 pct above 1985's 67 mln tons, while
+industry after-tax profits in 1986 exceeded 1985 profits.
+    Cavaney said that inventories will play a major role in
+this year's performance.
+    "Inventories, which are generally low, are a positive
+factor in the industry's outlook this year," he said, citing
+market pulp stocks, which are currently at 21 days supply, at
+the low end of the industry's long term average.
+    Cavaney added that as a result of slimmer inventories in
+1986 and in the early part of this year, shipments for 1987 as
+a whole will be higher than last year, even if demand slackens.
+    Cavaney said, however, he expects demand this year to be
+strong, spurred by consumer spending.
+    The benefits of tax reform on individual after-tax income
+and consumer goods companies' cash flow, he said, will increase
+demand for both communications paper and packaging this year.
+    In addition, Cavaney said low mortgage rates should support
+high levels of housing starts in 1987, increasing demand for
+many kinds of packaged goods.
+    Inventory building should help demand for cartons and
+corrugated containers this year, he added.
+    Cavaney said he expects exports to remain fairly high in
+1987, as well, as a result of the recent declines in the dollar
+against major world currencies.
+    But more importantly, he said, an improved balance of trade
+in 1987 from the lower dollar would induce increased industrial
+activity at home and thus higher packaging demand.
+    Cavaney said increased competitiveness, caused by lower
+costs, higher productivity and improved efficiency would also
+contribute to a strong showing from the industry this year.
+    Cavaney said, however, that the Tax Reform Act of 1986
+could have a negative impact on the industry this year.
+    "For manufacturers, the removal of the investment tax
+credit creates an impediment to future investment," he said.
+    Also, he said API estimates the industry will lose three
+billion dlrs in cash flow over a five year period as a result
+of reforms.
+    "Adjustments to this loss will require time and careful
+evaluation and will adversely affect the capital spending
+decisions of individual companies," Cavaney said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19449" NEWID="3031">
+<DATE> 9-MAR-1987 09:11:10.46</DATE>
+<TOPICS><D>money-fx</D><D>gnp</D></TOPICS>
+<PLACES><D>belgium</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0984&#31;reute
+r f BC-BONN-SERIOUS-ABOUT-CU   03-09 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BONN SERIOUS ABOUT CURRENCY PACT, SAYS TIETMEYER</TITLE>
+<DATELINE>    BRUSSELS, March 9 - </DATELINE><BODY>West Germany takes "very seriously" the
+recent undertaking by major industrial countries to promote
+exchange rate stability around current levels, Finance Ministry
+State Secretary Hans Tietmeyer said.
+    Talking to journalists before a meeting of European
+Community Economy and Finance Ministers here, Tietmeyer
+declined to say whether the February 22 Paris accord by the
+Group of Five countries plus Canada included secret agreements
+for stabilising currencies.
+    But he noted the official communique said the participants
+agreed to cooperate closely to foster stability of exchange
+rates around current levels. "We're taking this sentence very
+seriously," he said.
+    Tietmeyer remarked that the dollar had hardly moved against
+the mark since the meeting.
+    He said a slowdown in West German economic growth had been
+caused by sharp exchange rate swings and that the Paris
+agreement should help in this respect.
+    Economics Ministry State Secretary Otto Schlecht said the
+Bonn government saw no current need for measures to bolster the
+economy but was paying close attention to the slower growth and
+had not ruled out "appropriate and timely" action if necessary.
+    Schlecht and Tietmeyer were speaking ahead of a discussion
+by the EC ministers of the latest EC Commission report on the
+economic situation in the 12-nation bloc.
+    The Commission has sharply revised down expected German
+gross national product growth this year to two pct from 3.2 pct
+predicted last autumn and says Bonn has the most room of any EC
+country to stimulate economic activity.
+    Schlecht said the upturn in West Germany's economy slowed
+in the fourth quarter of last year and the first quarter of
+1987. But he said there was no cumulative downwards trend in
+view that would make quick remedial action necessary.
+    He said a number of favourable indicators such as high
+level of investment and a good climate for consumption meant a
+recovery could be expected, while exports would pick up
+slightly during the course of the year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19450" NEWID="3032">
+<DATE> 9-MAR-1987 09:11:41.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0986&#31;reute
+r f BC-SAUDI-FRENCH-BANK-TO   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI-FRENCH BANK TO DOUBLE PAID-UP CAPITAL</TITLE>
+<DATELINE>    JEDDAH, March 9 - </DATELINE><BODY>&lt;Al Bank Al Saudi Al Fransi>, also known
+as Saudi-French, will double paid-up capital to 400 mln riyals
+from 200 mln by converting reserves into equity, bank officials
+said.
+    Jeddah-based Saudi-French, 40 pct owned by Banque Indosuez
+and 60 pct by the Saudi public, will sign a technical services
+agreement with Indosuez in Riyadh on Tuesday for management of
+the bank over the next five years, they said.
+    The officials said the increase in paid-up capital,
+doubling the number of shares held by shareholders, will add
+depth to the market and extend trading to more investors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19451" NEWID="3033">
+<DATE> 9-MAR-1987 09:12:08.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0988&#31;reute
+u f BC-COMPAQ-COMPUTER-&lt;CPQ>   03-09 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPAQ COMPUTER &lt;CPQ> HAS NEW DESKTOP COMPUTER</TITLE>
+<DATELINE>    HOUSTON, March 9 - </DATELINE><BODY>Compaq Computer Corp said it has
+introduced a new 12 megahertz desktop personal computer called
+the Compaq Deskpro 286R.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19452" NEWID="3034">
+<DATE> 9-MAR-1987 09:12:30.97</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0990&#31;reute
+u f BC-UGANDA-DISAPPOINTED-B   03-09 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UGANDA DISAPPOINTED BY COFFEE TALKS FAILURE</TITLE>
+<DATELINE>    KAMPALA, March 9 - </DATELINE><BODY>Uganda, Africa's second largest coffee
+producer, was disappointed by the stalemate in recent coffee
+talks in London, the chairman of the state-run Coffee Marketing
+Board, CMB, said.
+    "This has not been good for coffee producers, more so in a
+situation where the prices dropped by 200 pounds per tonne of
+robusta coffee," J. Makumbi said when he returned from London on
+Friday.
+    Producers and consumers failed to agree on a quota formula
+to share the world's coffee production during International
+Coffee Organisation, ICO, talks that ended last week.
+    Makumbi blamed the failure to set quotas, which were
+suspended in Feburary last year, on Indonesian demands that its
+quota be increased dramatically.
+    Uganda -- which earns about 400 mln dlrs annually from
+coffee exports, over 95 pct of its foreign exchange earnings --
+had sought to raise its ICO quota to 3.0 mln from 2.45 mln
+60-kilo bags, according to sources close to the CMB.
+    The CMB has estimated that production will rise 20 to 25
+pct in the current 1986/87 October-September season to over
+three mln bags.
+    For several years Uganda had been unable to meet its ICO
+export quota as rebel activity disrupted the coffee industry.
+    The Ugandan government depends on coffee export duties for
+about 60 pct of its sales tax revenue and the industry employs
+over half of salaried manpower.
+    In Dar es Salaam, Tanzania's Agriculture and Livestock
+Development Minister Paul Bomani said today Third World
+countries would suffer from the failure of the London coffee
+talks.
+    "It is only the middlemen who will benefit, he said.
+    Bomani called on the ICO to convene another meeting within
+two months, saying, "Once tempers have cooled and delegations
+have had time to report back to their headquarters, common
+sense will prevail."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19453" NEWID="3035">
+<DATE> 9-MAR-1987 09:17:04.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0001&#31;reute
+f f BC-Chrysler-to-take-over   03-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Chrysler to take over Renault stake in American Motors, says Renault
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19454" NEWID="3036">
+<DATE> 9-MAR-1987 09:17:44.88</DATE>
+<TOPICS><D>meal-feed</D></TOPICS>
+<PLACES><D>usa</D><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0005&#31;reute
+r f BC-ADDITIONAL-CCC-CREDIT   03-09 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADDITIONAL CCC CREDIT GUARANTEES FOR HUNGARY</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has authorized an additional 8.0 mln dlrs in credit
+guarantees for sales of vegetable protein meals to Hungary for
+fiscal year 1987, the U.S. Agriculture Department said.
+    The additional guarantees increase the vegetable protein
+meal credit line to 16.0 mln dlrs and increases the cumulative
+fiscal year 1987 program for agricultural products to 23.0 mln
+dlrs from 15.0 mln, it said.
+    The department also announced an extension of the export
+period from September 30, 1987, to December 31 for sales of
+vegetable protein meals.
+    To be eligible for the credit guarantees all sales must be
+registered before export but not later than September 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19455" NEWID="3037">
+<DATE> 9-MAR-1987 09:20:38.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0010&#31;reute
+b f BC-******southern-co-to   03-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SOUTHERN CO TO TAKE 226 MLN DLR CHARGE ON PROJECTED VOGTLE COST RISE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19456" NEWID="3038">
+<DATE> 9-MAR-1987 09:21:19.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0014&#31;reute
+r f BC-APPLIED-CIRCUIT&lt;ACRT>   03-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLIED CIRCUIT&lt;ACRT> SELLS ELECTRONICS BUSINESS</TITLE>
+<DATELINE>    ANAHEIM, Calif., March 9 - </DATELINE><BODY>Applied Circuit Technology Inc
+(ACT) said it has agreed in principal to sell its primary
+computer electronics business to the &lt;Sanpao Group> of San
+Francisco.
+    ACT said it has not disclosed the deal's terms, but added
+that 50 pct of the sale price is in cash, with the remainder to
+be paid over a two year period.
+    The deal is expected to close on March 31, ACT said.
+    ACT said it made the move to concentrate resources on its
+pharmaceuticals subsidiaries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19457" NEWID="3039">
+<DATE> 9-MAR-1987 09:24:32.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0030&#31;reute
+u f BC-USAIR-&lt;U>-ACQUIRES-9.   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> ACQUIRES 9.9 PCT OF PIEDMONT &lt;PIE></TITLE>
+<DATELINE>    WASHINGTON, D.C., March 9 - </DATELINE><BODY>USAir Group Inc said it has
+acquired 2,292,599 Piedmont Aviation Inc shares, about 9.9 pct
+on a fully diluted basis, from Norfolk Southern Corp &lt;NSC>.
+    The acquisition of Piedmont by USAir has been approved by
+the directors of both companies.
+    USAir said it has been advised by Norfolk Southern that the
+company supports the proposed merger and intends to tender all
+of its remaining 1,477,829 Piedmont common shares in response
+to USAir's tender offer which began today. This total includes
+shares issuable upon conversion of Piedmont preferred, USAir
+noted.
+    USAir said Piedmont has about 23.1 mln common shares on a
+fully diluted basis, adding its offer is conditioned on the
+tender of at least 9,309,394 shares, representing 40.2 pct of
+the oustanding shares on a diluted basis.
+    USAir said the 3,491,030 new shares it has an option to buy
+represent 18.5 pct of Piedmont's currently outstanding shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19458" NEWID="3040">
+<DATE> 9-MAR-1987 09:25:10.00</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0031&#31;reute
+r f BC-BRAZILIAN-COFFEE-RAIN   03-09 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN COFFEE RAINFALL</TITLE>
+<DATELINE>    SAO PAULO, MARCH 9 - </DATELINE><BODY>THE FOLLOWING RAINFALL WAS RECORDED IN
+THE AREAS OVER PAST 72 HOURS
+    PARANA STATE: UMUARAMA NIL, PARANAVAI 1.5 MILLIMETRES,
+LONDRINA NIL, MARINGA NIL.
+    SAO PAULO STATE: PRESIDENTE PRUDENTE O.6 MM, VOTUPORANGA
+12.0 MM, FRANCA 28.0 MM, CATANDUVA 10.0 MM, SAO CARLOS NIL, SAO
+SIMAO NIL. REUTER11:43/VB
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19459" NEWID="3041">
+<DATE> 9-MAR-1987 09:25:41.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0033&#31;reute
+f f BC-******GENCORP-TO-SELL   03-09 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP TO SELL LOS ANGELES TELEVISION STATION TO WALT DISNEY CO
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19460" NEWID="3042">
+<DATE> 9-MAR-1987 09:26:28.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0035&#31;reute
+d f BC-NATIONWIDE-CELLULAR-&lt;   03-09 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONWIDE CELLULAR &lt;NCEL> COMPLETES PURCHASE</TITLE>
+<DATELINE>    VALLEY STREAM, N.Y., March 9 - </DATELINE><BODY>Nationwide Cellular Service
+Inc said it has completed the previously-announced acquisition
+of privately-held Nova Cellular Co, a Chicago reseller of
+mobile telephone service with 1,800 subscribers, for about
+65,000 common shares.
+    Nova Cellular has an accumulated deficit of about 650,000
+dlrs and had revenues of about 2,600,000 dlrs for 1986, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19461" NEWID="3043">
+<DATE> 9-MAR-1987 09:27:57.44</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0038&#31;reute
+u f BC-NATIONAL-WESTMINSTER   03-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL WESTMINSTER BANK CUTS BASE RATE</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>National Westminster Bank Plc said it has
+cut its base lending rate  0.5 percentage points to 10.5 pct
+today.
+    National Westminster said it was responding to general
+easing in money market rates.
+    Its move followed a signal from the Bank of England earlier
+this afternoon that it would endorse a half point cut in the
+base rate, a surprise move following its strong signals last
+week that such a move would be premature.
+    However, since then the pound has continued to gain
+strongly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19462" NEWID="3044">
+<DATE> 9-MAR-1987 09:30:35.65</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0039&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER HELP AT NEW RATES</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>The Bank of England said it provided the
+market with further assistance during the afternoon, buying
+bills worth 166 mln stg at the lower rates introduced this
+morning.
+    It bought 45 mln stg of local authority bills plus 27 mln
+stg of bank bills in band one at 10-3/8 pct together with 94
+mln stg of band two bank bills at 10-5/16 pct.
+    The bank also revised its estimate of the market shortage
+up to 300 mln stg from 250 mln this morning. It has given total
+assistance of 213 mln stg today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19463" NEWID="3045">
+<DATE> 9-MAR-1987 09:30:53.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0040&#31;reute
+u f BC-CBT,-CME-HEADS-TO-ADD   03-09 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT, CME HEADS TO ADDRESS CFTC COMMITTEE</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The heads of the Chicago Board of
+Trade, CBT, and the Chicago Mercantile Exchange, CME, are to
+address a meeting of the Commodity Futures Trading Commission's
+financial products advisory committee March 11 in Chicago, CFTC
+said.
+    CBT Chairman Karsten Mahlmann will present the objectives
+and views of the CBT's ad hoc committee on off exchange trading
+issues, CFTC said.
+    CME President William Brodsky is set to discuss current
+issues involving equity index markets, including factors
+affecting price volatility, changes in settlement procedures,
+margin changes and price limits.
+    The CFTC committee, headed by Commissioner Robert Davis,
+examines financial futures market issues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19464" NEWID="3046">
+<DATE> 9-MAR-1987 09:31:21.09</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>hong-kong</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0043&#31;reute
+r f BC-HUTCHISON-UNIT-BUYS-C   03-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUTCHISON UNIT BUYS CONTAINER CRANES FROM JAPAN</TITLE>
+<DATELINE>    HONG KONG, March 9 - </DATELINE><BODY>Container port operator, &lt;Hong Kong
+International Terminals Ltd>, a 89 pct held unit of Hutchison
+Whampoa Ltd &lt;HWHH.HK>, said it has placed a 164 mln H.K. Dlr
+order for seven quayside container cranes of 800 tons each with
+Japan's Mitsui Engineering and Shipbuilding Co Ltd &lt;MSET.T> for
+May 1988 to August 1989 delivery.
+    Hong Kong International Terminals operates 32 cranes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19465" NEWID="3047">
+<DATE> 9-MAR-1987 09:32:01.67</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0046&#31;reute
+d f BC-BOSPHORUS-SHIPPING-MO   03-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOSPHORUS SHIPPING MOVES, ISTANBUL OFFICES CLOSE</TITLE>
+<DATELINE>    ISTANBUL, March 9 - </DATELINE><BODY>Istanbul remained at a virtual
+standstill today under snow up to a meter deep but shipping was
+moving through the narrow Bosphorus waterway linking the Sea of
+Marmara and the Black Sea, officials said.
+    The authorities ordered government offices closed until
+Wednesday. Many banks, businesses and schools stayed shut as
+workers struggled to keep main roads and supply lines open in
+this city of 6.5 mln people.
+    The second blizzard to hit Istanbul in a week stopped
+yesterday afternoon and the international airport reopened
+today after a two-day closure. It was also shut earlier last
+week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19466" NEWID="3048">
+<DATE> 9-MAR-1987 09:32:40.79</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0048&#31;reute
+u f BC-ECUADOR-TO-EXPORT-NO   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR TO EXPORT NO OIL FOR 4 MONTHS, OFFICIAL</TITLE>
+<AUTHOR>    By WALKER SIMON, Reuters</AUTHOR>
+<DATELINE>    QUITO, March 9 - </DATELINE><BODY>The suspension of Ecuador's crude oil
+shipments after an earthquake cut an oil pipeline will last at
+least four months, a senior Energy Ministry official said.
+    The official said Ecuador could resume exports after
+repairing a 40 km section of the 510 km pipeline, which links
+jungle oil fields at Lago Agrio to Balao on the Pacific coast.
+It would take about 100 mln U.S. Dlrs to repair the pipeline,
+the official, who did not want to be named, told Reuters.
+Ecuador had enough oil to meet domestic demand for about 35
+days and would have to import crude to supplement stocks.
+    The earthquake last Thursday night registered six on the
+12-point international Mercalli scale. The damage to the
+pipeline was a severe economic blow to Ecuador, where oil
+accounts for up to two-thirds of total exports and as much as
+60 pct of government revenues.
+    Financially pressed Ecuador, a member of the Organisation
+of Petroleum Exporting Countries (OPEC), was recently pumping
+about 260,000 barrels per day (bpd) of crude, about 50,000 bpd
+above the output quota assigned by the cartel, another Energy
+Ministry spokesman said. Last year, it exported an average of
+173,500 bpd, according to the central bank.
+    However, Ecuador might build an emergency 25 km pipeline,
+costing 15 to 20 mln dlrs, to hook up with a Colombian
+pipeline, the first official said. He estimated it could take
+about 60 days to build.
+    Ecuador, squeezed by the slide in world oil prices in 1986,
+had only 138 mln dlrs in net international reserves at the end
+of January, about equal to one month's imports.
+    It suspended interest payments in January on 5.4 billion
+dlrs owed to about 400 private foreign banks. The country's
+total foreign debt is 8.16 billion dlrs, the eighth largest in
+Latin America.
+    In Caracas, President Jaime Lusinchi said Venezuela would
+loan five mln barrels of crude to Ecuador over the next three
+months to make up for losses from damage to the pipeline.
+    Ecuador asked for the loan to guarantee domestic supplies
+and would ship an equivalent volume back to Venezuela in
+repayment in May, Lusinchi said.
+    A commission headed by Venezuelan Investment Fund Minister
+Hector Hurtado and including representatives from the interior
+and defence ministries and the state oil company Petroleos de
+Venezuela will travel to Ecuador Tuesday to evaluate and
+co-ordinate an emergency relief program, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19467" NEWID="3049">
+<DATE> 9-MAR-1987 09:33:35.86</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0056&#31;reute
+f f BC-FRENCH-JAN-M-3-MONEY   03-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH JAN M-3 MONEY SUPPLY ROSE PROV ADJUSTED ONE PCT (O.7 PCT FALL IN DEC) - OFFICIAL.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19468" NEWID="3050">
+<DATE> 9-MAR-1987 09:35:55.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>greece</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0067&#31;reute
+d f PM-GREECE-BLIZZARDS   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEAVY SNOWS HIT GREECE, ITALY</TITLE>
+<DATELINE>    ATHENS, March 9 - </DATELINE><BODY>Blizzards lashed Greece today, piling up
+to 10 feet of snow in places and paralyzing transport in what
+state radio called unprecedented weather conditions for this
+time of year.
+    Except for a handful of flights of the national airline
+Olympic Airways that took off before the blizzards started, all
+air traffic in and out of the Athens international airport was
+canceled, radio said.
+    The weather service said heavy snowfalls would continue for
+several hours.
+    Cold weather also hit southern and eastern Italy. Heavy
+snowfalls caused long delays and difficulties for road, rail
+and air traffic.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19469" NEWID="3051">
+<DATE> 9-MAR-1987 09:39:30.30</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0080&#31;reute
+r f BC-MALAYSIA-SAYS-RUBBER   03-09 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA SAYS RUBBER PACT DEPENDS ON CONSUMERS</TITLE>
+<DATELINE>    KUALA LUMPUR, March 9 - </DATELINE><BODY>Malaysia said the success of talks
+opening today on a new International Natural Rubber Agreement
+(INRA) depends on how flexible consumer countries are.
+    Rubber producer and consumer countries meet for 12 days in
+Geneva from tomorrow to try to hammer out a rubber pact after
+they failed to reach agreement last November to replace the
+current accord, which expires next October.
+    Primary Industries Minister Lim Keng Yaik said in a
+statement that Malaysia wants to continue with a second INRA
+and is prepared to accept modifications that would strengthen
+the present agreement.
+    He said the second INRA would allow for an orderly disposal
+of the accumulated buffer stock of 375,000 tonnes, since the
+market is now capable of absorbing such releases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19470" NEWID="3052">
+<DATE> 9-MAR-1987 09:39:45.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0081&#31;reute
+u f BC-PHARMACIA-AB-LAUNCHES   03-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHARMACIA AB LAUNCHES EUROCOMMERCIAL PAPER PROGRAMME</TITLE>
+<DATELINE>    STOCKHOLM, March 9 - </DATELINE><BODY>Pharmacia AB said it was launching a
+200 mln dlr Eurocommercial paper programme as part of a move to
+internationalise the company's financing.
+    Market makers will be Credit Suisse First Boston, Morgan
+Stanley International and Svenska Handelsbanken PLC.
+    Pharmacia treasurer Bertil Tiusanen said gaining direct
+access to the short term international capital market would
+improve its ability to meet its dollar borrowing requirement.
+    He said it was a natural step for an internationally known
+company whose shares are noted in Tokyo and Stockholm and are
+traded over the counter in the United States.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19471" NEWID="3053">
+<DATE> 9-MAR-1987 09:40:54.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0084&#31;reute
+u f BC-MCDOWELL-&lt;ME>-TO-MERG   03-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDOWELL &lt;ME> TO MERGER WITH &lt;INTERPHARM INC></TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 9 - </DATELINE><BODY>McDowell Enterprises Inc said
+it has signed a definitive agreement to acquire an 80 pct
+interest in privately held Interpharm Inc for a 19.9 pct
+interest in McDowell.
+    The company said subject to contigencies, including future
+sales and profit levels, McDowell could over a four-year period
+acquire 100 pct of Interpharm in exchange for up to 51 pct of
+McDowell's voting stock.
+    It said the transaction is expected to be completed within
+60 days, at which time the McDowell board would be restructured
+to include Interpharm management. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19472" NEWID="3054">
+<DATE> 9-MAR-1987 09:41:09.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0085&#31;reute
+r f BC-FEDERAL-HOME-MORTAGE   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL HOME MORTAGE BUYS FUNDS FROM LENDER</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 9 - </DATELINE><BODY>The Federal Home Mortgage Corp
+announced the sale of 400 mln dlrs for residential mortgages to
+First Union Corp's mortgage subsidiary.
+    Freddie Mac said that First Union Mortgage Corp already
+swapped 70 mln dlrs of new residential mortgages to Freddie Mac
+in the first phase of the contract.
+    Freddie Mac said buy selling 400 mln dlrs worth of
+mortages, it makes more mortgage money available. It said
+through its guarantor program, First Union will be allowed to
+convert its investment-quality mortgages into mortgage-backed
+securities accepted in capital markets.
+    Freddie Mac explained that the securities can be used as
+collateral for borrowings, sold to other investors, or employed
+in a variety of cash management techniques.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19473" NEWID="3055">
+<DATE> 9-MAR-1987 09:43:17.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0089&#31;reute
+r f BC-BRITISH-CALEDONIAN-SE   03-09 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH CALEDONIAN SEEKS SAN DIEGO SERVICE</TITLE>
+<DATELINE>    SAN DIEGO, March 9 - </DATELINE><BODY>British Caledonian Airways said it has
+filed an application with the British Civil Aviation Authority
+for a license to operate between San Diego's Lindbergh Field
+and London's Gatwick Airport.
+    It said it would extend its existing Los Angeles/London
+nonstop service to San Diego and would initially offer three
+roundtrips weekly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19474" NEWID="3056">
+<DATE> 9-MAR-1987 09:44:16.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0092&#31;reute
+b f BC-RENAULT,-CHRYSLER-IN   03-09 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENAULT, CHRYSLER IN ACCORD FOR CHRYSLER TO BUY AMC</TITLE>
+<DATELINE>    PARIS, March 9 - </DATELINE><BODY>Regie Nationale des Usines Renault
+&lt;RENA.PA> said it and Chrysler Corp &lt;C> have signed a letter of
+intent in which Chrysler plans to buy American Motors Corp
+&lt;AMO.N>, 46 pct owned by Renault.
+    Renault President Raymond Levy said in a statement issued
+by the French state car group the agreement was an important
+stage in Renault's redeployment. "It will allow Renault to
+continue its export programme to the U.S. And also opens a
+perspective of cooperation with a major American constructor,"
+the statement said. Under the terms of the letter of intent,
+Chrysler will purchase Renault's stake held in the form of
+bonds and shares.
+    The Renault statement quoted Chrysler Chairman Lee Iacocca
+as saying, "We welcome AMC shareholders into the Chrysler
+family."
+    He added that the accord would allow Renault and Chrysler
+to study the development of future products destined to be
+distributed by Renault and Chrysler in the North American and
+world markets.
+    "Renault is a leader in our industry and I am happy to be
+working with them," Iacocca was quoted as saying.
+    Chrysler will pay for Renault's AMC interests held in bonds
+by a 200 mln dlr bond and will pay up to 350 mln dlrs for
+Renault share interests, depending on AMC sales and future
+profits, the Renault statement said.
+    The statement said the agreement in principle gave each
+side 30 days to put together a definitive accord. Approval
+would also be necessary from the Renault, Chrysler and AMC
+boards, from AMC shareholders and the relevant government
+authorities.
+    If the deal goes ahead, the statement said, AMC
+shareholders other than Renault will receive Chrysler shares
+for each of their shares valued at four dlrs.
+    AMC shareholders with convertible preferential shares will
+have the possibility to exchange them for Chrysler shares on
+the same conditions as those they would have had in exchanging
+them for AMC shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19475" NEWID="3057">
+<DATE> 9-MAR-1987 09:45:22.44</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0093&#31;reute
+u f BC-slaughter-guesstimate   03-09 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, March 9 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 285,000 to 300,000 head versus
+292,000 week ago and 309,000 a year ago.
+    Cattle slaughter is guesstimated at about 125,000 to
+131,000 head versus 129,000 week ago and 119,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19476" NEWID="3058">
+<DATE> 9-MAR-1987 09:48:14.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0113&#31;reute
+r f BC-&lt;BURTON-GROUP-PLC>-TO   03-09 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BURTON GROUP PLC> TO TRADE ADR'S IN U.S.</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>British retailer Burton Group PLC said
+trading in its American Depositary Receipts will start today.
+    Each ADR represents four Burton shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19477" NEWID="3059">
+<DATE> 9-MAR-1987 09:48:24.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0114&#31;reute
+r f BC-CLAIRE'S-STORES-&lt;CLE>   03-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLAIRE'S STORES &lt;CLE> FEBRUARY SALES RISE</TITLE>
+<DATELINE>     MIAMI, March 9 - </DATELINE><BODY>Claire's Stores Inc said February sales
+were up 46 pct to 6,360,000 dlrs from 4,350,000 dlrs a year
+before, with same-store sales up 16 pct.
+    The company said March sales may not increase at the sdame
+rate, since Easter falls late in April this year, but earnings
+and sales for the first quarter should be up significantly from
+a year ago.
+    In last year's first quarter ended May Three, Claire's
+earned 934,000 dlrs on sales of 18.4 mln dlrs, compared with
+earnings of 2,289,000 dlrs on sales of 16.4 mln dlrs a year
+earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19478" NEWID="3060">
+<DATE> 9-MAR-1987 09:48:28.61</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0115&#31;reute
+f f BC-Bank-of-France-said-i   03-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bank of France said it cut money market intervention rate to 7-3/4 pct from eight pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19479" NEWID="3061">
+<DATE> 9-MAR-1987 09:48:40.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0117&#31;reute
+f f BC-******first-boston-af   03-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST BOSTON AFFILIATE TO ACQUIRE ALLEGHENY INT'L FOR 24.60 DLRS/SHR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19480" NEWID="3062">
+<DATE> 9-MAR-1987 09:48:54.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0118&#31;reute
+u f BC-SOUTHERN-&lt;SO>-TO-TAKE   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN &lt;SO> TO TAKE CHARGE ON VOGTLE COST</TITLE>
+<DATELINE>    ATLANTA, March 9 - </DATELINE><BODY>Southern Co said it will take an
+after-tax charge of 226 mln dlrs against earnings no later than
+January 1988 because the projected cost of the Vogtle nuclear
+power plant has risen abover the amount which retail customers
+in Georgia will be asked to pay.
+    The company's largest subsidiary, Georgia Power Co, said
+the budget for the plant has increased by 6.3 pct, or 522 mln
+dlrs, to 8.87 billion. However, because of a pledge the made
+last year to Georgia's Public Service Commission, the increased
+cost will not be included in the utility's retail electric
+rates.
+    Geogia Power also said its board has delayed the scheduled
+completion of Vogtle's Unit Two to June 1989 from September
+1988. Unit Two is about 60 pct complete, it added.
+    The utility said fuel loading has been completed at Unit
+One and the unit is being put through a series of low-power
+tests before the Nuclear Regulatory Commission is asked for a
+full-power license.
+    The nuclear power plant, located near Waynesboro, Ga., is
+co-owned by &lt;Oglethorpe Power Corp>, the Municipal Electric
+Authority of Georgia and the city of Dalton.
+    Georgia Power said the revised Vogtle budget estimate was
+due to several factors, including additional labor costs
+incurred to keep the plant's first unit on schedule for
+commercial operation by June. The new figure represents the
+first change in the plant's budget since August 1985, when it
+was estimated at 8.35 billion dlrs.
+    In March 1986, the utility told Georgia regulators it would
+"cap" the price of Vogtle its customers would be asked to pay
+at 3.56 billion dlrs, the company's share of the then projected
+8.35 billion dlr total. Under the new budget, Georgia Power
+said, its share amounts to 3.87 billion dlrs.
+    Noting that Georgia Power's share of the Vogtle increase is
+313 mln dlrs, Southern said this will result in a charge
+against earnings of 177 mln dlrs after taxes.
+    In addition, the company said, Georgia Power's contracts
+with the joint owners require the utility to buy back
+significant amounts of Vogtle capacity during the plant's
+initial years of operation. Under terms of the cap on costs, it
+will not attempt to recover the portion of the budget increase
+that applies to the buybacks.
+    This bings the total amount that must be charged against
+earnings to 2326 mln dlrs after taxes, Southern said.
+    Southern said new rules of the Financial Accounting
+Standards Board, which are effective in January 1988, require
+any costs that are determined nonrecoverable to be charged
+against earnings once that determination is made.
+    The company also said its board has approved a capital
+budget of 2.1 billion dlrs in 1987, including work on the
+Vogtle project.
+    It said a 5.9 billion dlr capita budget for the three-year
+period 1987-1989 was also outlined at the board meeting, noting
+this is 700 mln dlrs below the comparable figure for the years
+1986-1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19481" NEWID="3063">
+<DATE> 9-MAR-1987 09:49:29.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0121&#31;reute
+d f BC-STORA-CLOSE-TO-COMPLE   03-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STORA CLOSE TO COMPLETING PAPYRUS TAKEOVER</TITLE>
+<DATELINE>    STOCKHOLM, March 9 - </DATELINE><BODY>Sweden's Stora Kopparbergs Bergslags
+AB &lt;SKPS ST> said it had now acquired 90 pct of shares in rival
+pulp and paper makers Papyrus AB, thus passing the threshold
+above which it can compulsorily buy the rest of the company.
+    Remaining shareholders would have until later this month to
+sell their shares to Stora, the company said in a statement.
+    Stora announced last September it would acquire Papyrus at
+a price of 5.8 billion crowns, thus forming Europe's second
+largest forest group after London-based Reed International Plc
+&lt;REED L>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19482" NEWID="3064">
+<DATE> 9-MAR-1987 09:50:57.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0127&#31;reute
+u f BC-JAPAN-EX-IM-BANK-SAYS   03-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN EX-IM BANK SAYS NO NEW COMMITMENTS TO BRAZIL</TITLE>
+<DATELINE>    TOKYO, March 9 - </DATELINE><BODY>Export-Import Bank of Japan president
+Takashi Tanaka told Brazil the bank will continue to cooperate
+with it, but he refrained from making any commitment to a new
+credit, Ex-Im officials said.
+    In a 30-minute meeting, Tanaka told Brazilian Finance
+Minister Dilson Funaro the bank would consider his country's
+request for a 300 mln dlr credit in the context of
+international cooperation, the officials said.
+    They said this meant the Ex-Im Bank would grant the credit
+as part of a package with money from the International Monetary
+Fund and private banks.
+    Brazil has resisted going to the IMF for help because it
+fears that the Fund will ask for changes in its economic
+policies that will throw it into recession.
+    Brazil first requested the 300 mln dlr credit last
+November, to help it develop the sale and generation of
+electric power. Funaro renewed the request today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19483" NEWID="3065">
+<DATE> 9-MAR-1987 09:55:58.63</DATE>
+<TOPICS><D>trade</D><D>bop</D><D>money-fx</D><D>crude</D><D>gnp</D><D>dlr</D></TOPICS>
+<PLACES><D>uk</D><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0137&#31;reute
+r f BC-OECD-TRADE,-GROWTH-SE   03-09 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD TRADE, GROWTH SEEN SLOWING IN 1987</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>The 24 nations of the Organisation for
+Economic Cooperation and Development (OECD), hampered by
+sluggish industrial output and trade, face slower economic
+growth, and their joint balance of payments will swing into
+deficit in 1987, the Economist Intelligence Unit (EIU ) said.
+    The EIU said in its World Trade Forecast it revised OECD
+economic growth downwards to 2.5 pct this year, compared with a
+2.8 pct growth forecast in December.
+    It said the new areas of weakness are West Germany and the
+smaller European countries it influences, and Japan, hardest
+hit by currency appreciation this year.
+    The independent research organisation cut its 1987 growth
+rate forecasts for West Germany to 2.2 pct from 3.2 pct in
+December and to 2.3 pct from three pct for Japan.
+    It said it expected the OECD to post a current account
+deficit of some 13 billion dlrs in both 1987 and 1988, due in
+large part to a 1.50 dlrs a barrel rise in 1987 oil prices.
+    It said the U.S. Current account deficit looked likely to
+fall even more slowly than forecast, to 125 billion dlrs in
+1987 and 115 billion in 1988 from 130 billion in 1986.
+    It said it expected West Germany to post a 31 billion dlr
+payments surplus and Japan a 76 billion dlr surplus this year.
+    The EIU said it saw oil prices dropping to around 16.50
+dlrs a barrel by end-1987 and 15.50 dlrs in 1988 from about 18
+dlrs last year, as adherence to OPEC output policy becomes
+increasingly ragged.
+    It said the dollar is poised to resume its decline in
+foreign exchange markets, and will lose a further 13 pct on its
+trade-weighted index this year and five pct in 1988 after last
+year's 18.4 pct drop.
+    The average mark/dollar rate is put at 1.80 marks this year
+and 1.70 in 1988 while the yen/dollar rate is expected to break
+through the 150 yen barrier with an average value of 150 yen in
+1987 and 146 yen in 1988, it said.
+    "This is not a crash scenario but the dollar's steeper angle
+of descent increases the risk of ending with a fireball rather
+than a three-point landing," the EIU said.
+    "Talking will not stop the dollar's slide for long and the
+February meeting (of finance ministers of the Group of Five and
+Canada) produced scant promise of either a decisive shift to
+more expansive policies in West Germany and Japan, or a tighter
+U.S. Fiscal policy," it said.
+    It said the key to the dollar's fortunes was the
+willingness of Japanese institutions to buy U.S. Government
+assets despite prospects of sustaining a currency loss.
+    "Thus far they have been willing," the EIC said, adding that
+if Japan was deterred from buying U.S. Bonds the dollar would
+collapse.
+    To contain such a currency crisis, dollar interest rates
+would have to soar, bringing recession and a Third World debt
+crisis, it said.
+    On trade, the EIU said prospects for 1987 look "increasingly
+sick."
+    Import growth, forecast in December at 4.5 pct, is now seen
+slowing down to around 3.8 pct in 1987 with a recovery only to
+4.2 pct in 1988, it said.
+    The weakness of the West German economy is the biggest
+single factor, with import growth there expected to feature a
+sluggish 3.5 pct growth in 1987 against the 6.5 pct forecast in
+December, the EIU said.
+    On the export side, it said it saw weak demand in West
+Germany affecting export prospects elsewhere in Europe, while
+Japan's exports in 1987 would remain flat and sales by U.S.
+Exporters would respond only marginally to a lower, more
+competitively-priced dollar.
+    It said in most of Europe and in Japan, raw materials and
+oil will cost less in domestic currency in 1987 than in 1986.
+    However, rates of inflation will edge up in 1988 to over
+the current OECD average of three pct. Non-oil commodity prices
+will show a modest dollar price increase in 1988 for the first
+time since 1984, the EIU said.
+    After a rise of 18 pct in 1986, the dollar price of
+internationally traded manufactures will go up by 8.5 pct in
+1987 and by five pct in 1988, it said.
+    It said OECD industrial production would rise by only 1.6
+pct in 1987 after a weak 1.5 pct increase in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19484" NEWID="3066">
+<DATE> 9-MAR-1987 09:58:33.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0147&#31;reute
+d f BC-PHARMACIA-AB-LAUNCHES   03-09 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHARMACIA AB LAUNCHES EUROCOMMERCIAL PAPER PROGRAMME</TITLE>
+<DATELINE>    STOCKHOLM, March 9 - </DATELINE><BODY>Pharmacia AB said it was launching a
+200 mln dlr Eurocommercial paper programme as part of a move to
+internationalise the company's financing.
+    Market makers will be Credit Suisse First Boston, Morgan
+Stanley International and Svenska Handelsbanken PLC.
+    Pharmacia treasurer Bertil Tiusanen said gaining direct
+access to the short term international capital market would
+improve its ability to meet its dollar borrowing requirement.
+    He said it was a natural step for an internationally known
+company whose shares are noted in Tokyo and Stockholm and are
+traded over the counter in the United States.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19485" NEWID="3067">
+<DATE> 9-MAR-1987 09:59:00.21</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0149&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-09 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN LATE HELP WORTH 15 MLN STG</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>The Bank of England said it provided the
+market with unspecified late assistance worth 15 mln stg.
+    It has given the market total assistance of 228 mln stg
+today compared with a liquidity shortage it estimated at a
+revised 300 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19486" NEWID="3068">
+<DATE> 9-MAR-1987 09:59:27.21</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0151&#31;reute
+b f BC-BANK-OF-FRANCE-CUTS-I   03-09 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE CUTS INTERVENTION RATE</TITLE>
+<DATELINE>    PARIS, March 9 - </DATELINE><BODY>The Bank of France said it cut its money
+market intervention rate to 7-3/4 pct from eight pct when it
+injected money against first category paper.
+    The bank also cut its seven-day repossession rate to 8-1/2
+pct from 8-3/4 pct.
+    The intervention rate has stood at eight pct since it was
+raised from 7-1/4 pct on January 2 as the French franc came
+under pressure ahead of the EMS realignment on January 11.
+    The bank said the purchase, effective tomorrow, is for five
+pct of private paper and fixed rate Treasury bills maturing
+between March 25 and June 25 and of other Treasury bills
+maturing between March 25, 1987 and March 25, 1989.
+    The rate cut had been expected since the bank announced a
+money market intervention tender earlier today.
+    Money market dealers said conditions seemed right for a
+quarter percentage point cut, reflecting an easing in the call
+money rate last week, and the French franc's steadiness on
+foreign exchange markets since the February 22 currency
+stabilisation accord here by the Group of Five and Canada.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19487" NEWID="3069">
+<DATE> 9-MAR-1987 10:01:23.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0156&#31;reute
+r f BC-WHITE-ENGINE-BOUGHT-B   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE ENGINE BOUGHT BY PRIVATE INVESTOR</TITLE>
+<DATELINE>    CANTON, Ohio, March 9 - </DATELINE><BODY>White Engine, a manufacturer of
+industrial and automotive diesel and gasoline engines with more
+than 100 mln dlrs in sales, said it has been sold to a group of
+group investors.
+    White Engine said the purchase is led by Donald Stewart, a
+private investment banker, along with White senior executives.
+    A source close to the transaction said the purchase prices
+is being set at more than 55 mln dlrs.
+    The company said it will change its name to Hercules
+Engines Inc, and Stewart will be the majority interest owner,
+as well as the president and chief executive officer.
+    In addition, John Lennon, current chairman and chief
+executive officer, will remain as chairman, he company said.
+And Joseph G. Scheetz, currently president, will be vice
+chairman, according to the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19488" NEWID="3070">
+<DATE> 9-MAR-1987 10:02:11.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0162&#31;reute
+r f BC-GROUP-77-OFFICIALS-SE   03-09 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP-77 OFFICIALS SET AGENDA FOR DHAKA MEETING</TITLE>
+<DATELINE>    DHAKA, March 9 - </DATELINE><BODY>Most commodity agreements are close to
+collapse and the debt problem continues to weigh heavily on
+developing countries, Bangladesh Commerce Minister M.A. Munim
+told officials from 30 Asian countries in the Group of 77.
+    The officials are meeting to finalise the agenda for the
+group's regional ministerial conference here Saturday.
+Delegates from all 43 Asian member countries of the G-77 are
+expected to attend the later meeting.
+    Commerce Ministry officials said the countries will try to
+adopt a common strategy to counter protectionist measures by
+developed countries and forge developing country cooperation
+    Commerce Secretary A.B.M. Ghulam Mostafa said the officials
+would discuss issues relating to financial resources,
+commodities, international trade and least developed countries,
+and formulate "concrete measures towards concerted action."
+    Recommendations of the Dhaka meeting will be placed before
+the July United Nations Conference on Trade and Development
+meeting at Geneva, officials said.
+    The Dhaka meeting would also discuss the possibility of
+setting up a "South Bank," along the lines of the Asian
+Development Bank, to boost financial exchanges and economic
+coperation between developing countries. It has not been
+proposed formally and no details were given.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19489" NEWID="3071">
+<DATE> 9-MAR-1987 10:03:22.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0169&#31;reute
+u f BC-STORA-CLOSE-TO-COMPLE   03-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STORA CLOSE TO COMPLETING PAPYRUS TAKEOVER</TITLE>
+<DATELINE>    STOCKHOLM, March 9 - </DATELINE><BODY>Sweden's Stora Kopparbergs Bergslags
+AB &lt;SKPS.ST> said it has now acquired 90 pct of shares in rival
+pulp and paper makers Papyrus AB, thus passing the threshold
+above which it can compulsorily buy the rest of the company.
+    Remaining shareholders would have until later this month to
+sell their shares to Stora, the company said in a statement.
+    Stora announced last September it would acquire Papyrus at
+a price of 5.8 billion crowns, thus forming Europe's second
+largest forest group after London-based Reed International Plc
+&lt;REED L>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19490" NEWID="3072">
+<DATE> 9-MAR-1987 10:04:38.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0172&#31;reute
+b f BC-/ALLEGHENY-INT'L-&lt;AG>   03-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY INT'L &lt;AG>, FIRST BOSTON SET MERGER</TITLE>
+<DATELINE>    PITTSBURGH, March 9 - </DATELINE><BODY>Allegheny International Inc said it
+has entered into an agreement to merge with an affiliate of
+First Boston Inc's &lt;FPC> First Boston Corp in a transaction
+valued at about 500 mln dlrs.
+    Allegheny said the agreement calls for holders of its
+common to receive 24.60 dlrs a share. Holders of the company's
+2.19 dlrs cumulative preference shares will receive 20 dlrs a
+share and those owning its 11.25 dlrs convertible preferred
+will receive 87.50 dlrs a share.
+    Allegheny International said the agreement calls for the
+First Boston affiliate to start a cash tender offer for all
+outstanding shares of Allegheny's common, cumulative preferred
+and convertible preferred.
+    The company said First Boston has committed to provide all
+financing necessary to acquire such securities in the tender
+offer which is estimated to be about 500 mln dlrs.
+    It said the agreement is also subject to the waiver by
+March 13 of certain conditions under the company's existing
+bank credit agreement.
+    Allegheny International's statement did not name or
+describe the First Boston affiliate involved in the agreement.
+    It did say the offer for the company's stock will be
+conditioned also on the valid tender of securities representing
+at least a majority of the voting power for the election of
+directors of the company and the valid tender of at least two
+third's of the outstanding cumulative preferred and convertible
+preferred shares.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19491" NEWID="3073">
+<DATE> 9-MAR-1987 10:05:45.89</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0178&#31;reute
+b f BC-FRENCH-JANUARY-M-3-MO   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH JANUARY M-3 MONEY SUPPLY RISES ONE PCT</TITLE>
+<DATELINE>    PARIS, March 9 - </DATELINE><BODY>French money supply, measured in terms of
+M-3, rose a provisional one pct in January after falling 0.7
+pct in December, the Bank of France said.
+    M-3 is the main money supply aggregate used by the French
+monetary authorities. It has been joined as a second main money
+supply aggregate for 1987 by M-2, which rose a provisional 1.2
+pct in January after falling a confirmed 0.9 pct in December.
+    Calculated on a three-month moving average basis, M-3 rose
+4.4 pct year-on-year in the quarter based on December after
+rising 5.4 pct in the quarter centred on September.
+    The M-2 aggregate, centred on a three-month moving average,
+rose year-on-year by four pct, within a 1987 target range of
+four to six pct.
+    M-1 rose 2.5 pct after a 1.1 pct fall in December. M-1
+measures notes and coins in circulation plus sight deposits.
+    M-2 adds in short-term bank deposits and M-3 adds in other
+short-term deposits.
+    The central bank's widest measure of liquidity, L, rose 1.5
+pct in January after one pct fall in December. The bank said
+the money supply growth reflected a net increase of sight
+deposits and renewed interest in money market instruments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19492" NEWID="3074">
+<DATE> 9-MAR-1987 10:06:01.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0180&#31;reute
+f f BC-*****CHRYSLER-SAYS-AM   03-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>CHRYSLER SAYS AMC HOLDERS TO GET CHRYSLER STOCK WORTH FOUR DLRS A SHARE UNDER BUYOUT PLAN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19493" NEWID="3075">
+<DATE> 9-MAR-1987 10:07:38.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0185&#31;reute
+u f BC-GENEX-CORP-&lt;GNEX>-GET   03-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENEX CORP &lt;GNEX> GETS FINANCING</TITLE>
+<DATELINE>    GAITHERSBURG, Md., March 9 - </DATELINE><BODY>Genex Corp said it has
+completed an agreement for Eberstadt Fleming Venture Capital's
+Plant Resources Venture Fund II and Morgenthaler Venture
+Partners II and accounts managed by Citicorp &lt;CCI> to provide
+it with a four mln dlr interim credit line.
+    It said the Eberstadt venture capital funds and the
+Citicorp accounts will receive warrants to buy 1,666,667 common
+shares at 60 cts each and two representatives of the funds will
+be named to the Genex board.
+    Genex said as part of the transaction, it has signed an
+emplopyment agreement for a senior executive it did not name to
+become president and chief executive officer of Genex at the
+end of March, on completion of his obligations to his current
+employer.
+    The company said over the next six months, it will use its
+best efforts to increase its authorized capital and make a six
+to eight mln dlr rights offering to holders of its convertible
+preferred stock at 60 cts per equivalent common share, with
+proceeds to be used to repay sums drawn from the interim line
+of credit and for working capital.
+    Genex said the rights would not be transferable separately
+from the common stock.
+    It said its three largest shareholders, Robert F. Johnston,
+Koppers Co &lt;KOP> and J. Leslie Glick, who together own about 34
+pct of Genex stock, will provide irrevocable proxies to the
+venture firms on completion of the rights offering and have
+agreed not to exercise their rights to acquire stock in the
+rights offering.
+    Genex said the venture firms will have the right to buy any
+unsubscribed shares of convertible preferred and may buy
+additional shares at the time of the rights offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19494" NEWID="3076">
+<DATE> 9-MAR-1987 10:08:24.88</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>dmk</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0189&#31;reute
+u f BC-TURKISH-CENTRAL-BANK   03-09 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH CENTRAL BANK SETS LIRA/DOLLAR, DM RATES</TITLE>
+<DATELINE>    ANKARA, March 9 - </DATELINE><BODY>The Turkish Central Bank set a
+Lira/Dollar rate for March 10 of 773.05/776.92 to the Dollar,
+down from the previous 769.60/773.45.
+    The Bank also set a Lira/Mark rate of 417.20/419.29 to the
+Mark, up from the previous 419.15/421.25.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19495" NEWID="3077">
+<DATE> 9-MAR-1987 10:08:46.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F A
+&#22;&#22;&#1;f0190&#31;reute
+r f BC-continental-bank/cana   03-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL BANK/CANADA SETS DISTRIBUTION</TITLE>
+<DATELINE>    TORONTO, March 9 - </DATELINE><BODY>Continental Bank of Canada, a subsidiary
+of Lloyds Bank PLC &lt;LLOY.L>, said it intends to redeem all
+existing preferred shares and distribute a stock dividend to
+common shareholders.
+    The initial distribution will be in cumulative redeemable
+retractable floating rate class A preferred shares series II,
+which will carry a retraction right enabling holders to receive
+12.75 dlrs for each share.
+    Continental said the 58.6 mln dlrs of existing outstanding
+preferred shares will be paid off at par plus accrued dividends.
+     Continental said the notes will carry a dividend rate of
+72 pct of prime and it expects that the shares will trade at
+12.75 dlrs or more, enabling shareholders who wish to receive
+cash to do so.
+    The bank said it expects the distribution will be made in
+early May, subject to various approvals.
+    Continental also said that, as of March 2, it had cash of
+more than 250 mln dlrs and equity of about 284.6 mln dlrs,
+allowing for a final total distribution of 16.60 dlrs per
+common share.
+    Continental Bank said it continues to expect that the final
+distribution to shareholders will be in the range of 16.50 dlrs
+to 17.25 dlrs per share and will take place in late 1988 or
+early 1989.
+    Until the initial stock distribution takes place, regular
+dividend payments will be maintained on the existing preferred
+shares, the bank said.
+    The distribution is part of the terms of Continental Bank
+of Canada's sale of its banking assets to Lloyds Bank Canada, a
+subsidiary of Lloyds Bank PLC.
+    Continental Bank said Lloyds Bank Canada paid the balance
+of the purchase price but that it was lower than originally
+anticipated since Continental was unable to transfer certain
+income tax deductions to Lloyds Bank. Continental did not give
+further details.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19496" NEWID="3078">
+<DATE> 9-MAR-1987 10:10:36.56</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0196&#31;reute
+d f BC-AGREEMENT   03-09 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STUDY SAYS U.S., CANADA PACT WOULD SPUR ECONOMIES</TITLE>
+<DATELINE>    WASHINGTON, March 9  - </DATELINE><BODY>A free trade pact between the United
+States and Canada could spur the economies of both sides
+substantially, according to a study released by the Institute
+for International Economics.
+    The study, by Paul Wonnacott, said a successful conclusion
+to the free trade talks now under way could raise Canada's
+gross national product by more than five pct and expand U.S.
+export's by about seven pct.
+    He said the pact could resolve the knotty issue of
+government subsidies, end curbs on trade in services and
+investments and pave the way for new global talks under the 
+General Agreement on Tariffs and Trade.
+    The United States and Canada - the world's two biggest
+trading partners with cross border shipments of about 150
+billion dlrs a year - opened free trade talks last June. They
+are aiming for a pact by next October.
+    Wonnacott, an economics professor at the Univerity of
+Maryland, said an agreement should include:
+    - Elimination of tariffs between the two countries, phased
+in over a five to 10-year period;
+    - Equal access to federal government procurement in the two
+countries, replacing current "Buy America" and "Buy Canada"
+provisions with a "Buy North America" provision;
+    - Fewer restrictions in trade in services, chiefly finance
+and transportation;
+    - A commitment not to screen foreign investments in favor
+domestic producers;
+    - A commission to resolve bilateral trade disputes.
+     Wonnacott said that to resolve the subsidy problem, the
+two sides should permit export subsidies of exports of up to
+2.0 or 2.5 pct without imposing coutervailing duties.
+    The limit on subsidies is now 0.5 pct.
+    He proposed that any attempt to impose new duties to offset
+subsidies should go first a special disputes commission for
+resolution at an early stage.
+    Wonnacott said "bilateral free trade would contribute to the
+efficiency of the North American economies and to their
+competitiveness in facing overseas producers.
+    He said it would it would open U.S. markets to Canadian
+goods and enable them to benefit from the economies of mass
+production.
+    Benefits to the United States would be fewer than those to
+Canada proportionately, he said, because of the already large
+U.S. gross national product.
+    Wonnacott said also that a U.S.-Canada pact in such areas
+as export subsidies and the creation of a dispute commission
+could set an example for the current attempt by GATT to write
+new and more liberal global trading regulations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19497" NEWID="3079">
+<DATE> 9-MAR-1987 10:10:48.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0197&#31;reute
+d f BC-CBT,-CME-HEADS-TO-ADD   03-09 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT, CME HEADS TO ADDRESS CFTC COMMITTEE</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The heads of the Chicago Board of
+Trade, CBT, and the Chicago Mercantile Exchange, CME, are to
+address a meeting of the Commodity Futures Trading Commission's
+financial products advisory committee March 11 in Chicago, CFTC
+said.
+    CBT Chairman Karsten Mahlmann will present the objectives
+and views of the CBT's ad hoc committee on off exchange trading
+issues, CFTC said.
+    CME President William Brodsky is set to discuss current
+issues involving equity index markets, including factors
+affecting price volatility, changes in settlement procedures,
+margin changes and price limits.
+    The CFTC committee, headed by Commissioner Robert Davis,
+examines financial futures market issues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19498" NEWID="3080">
+<DATE> 9-MAR-1987 10:11:11.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0199&#31;reute
+u f BC-GULF-RESOURCES-&lt;GRE>   03-09 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF RESOURCES &lt;GRE> TO HAVE GAIN ON STOCK SALE</TITLE>
+<DATELINE>    BOSTON, March 9 - </DATELINE><BODY>Gulf Resources and Chemical Corp said it
+has sold 9,534,633 shares of &lt;Imperial Continental Gas
+Association> for 720 pence a share, or 68.6 mln stg, in a
+private transaction for a pretax gain of about 19.6 mln dlrs.
+    Gulf Resources said it still owns 6.7 mln shares of
+Imperial Continental, or a 4.6 pct interest, and continues to
+study various alternatives.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19499" NEWID="3081">
+<DATE> 9-MAR-1987 10:11:53.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0203&#31;reute
+d f BC-BAILIFF-APPOINTED-TO   03-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAILIFF APPOINTED TO SEEK OUT FERMENTA FOUNDER</TITLE>
+<DATELINE>    STOCKHOLM, March 9 - </DATELINE><BODY>A Stockholm court today appointed a
+bailiff to find the founder of troubled Swedish biotech group
+Fermenta AB &lt;FRMS.ST>, who is being sued for 30 million crowns
+by a disgruntled shareholder.
+    The court heard that Refaat el-Sayed, sacked from the
+Fermenta board after losing his principal shareholding to
+creditors, had failed to reply to an official court notice
+about the action which was sent to him two weeks ago.
+    The bailiff was appointed to find el-Sayed and gain an
+official response to the court notice within the next
+fortnight.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19500" NEWID="3082">
+<DATE> 9-MAR-1987 10:12:40.70</DATE>
+<TOPICS><D>grain</D><D>oilseed</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0206&#31;reute
+r f BC-ROTTERDAM-GRAIN-HANDL   03-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTTERDAM GRAIN HANDLER SAYS PORT BALANCE ROSE</TITLE>
+<DATELINE>    ROTTERDAM, March 9 - </DATELINE><BODY>Graan Elevator Mij said its balance in
+port of grains, oilseeds and derivatives rose to 136,000 tonnes
+on March 7 from 31,000 a week earlier, after arrivals of
+523,000 tonnes and discharges of 418,000 tonnes last week.
+    The balance comprised 38,000 tonnes of grains and oilseeds
+and 98,000 tonnes of derivatives.
+    This week's estimated arrivals total 194,000 tonnes, of
+which 45,000 are grains/oilseeds and 149,000 derivatives.
+    The figures cover around 95 pct of Rotterdam traffic in the
+products concerned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19501" NEWID="3083">
+<DATE> 9-MAR-1987 10:14:37.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0215&#31;reute
+f f BC-******DONALD-TRUMP-SA   03-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DONALD TRUMP SAID HE HAS AGREED TO PURCHASE CROSBY ESTATE'S RESORTS SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19502" NEWID="3084">
+<DATE> 9-MAR-1987 10:16:06.76</DATE>
+<TOPICS><D>grain</D><D>meal-feed</D><D>carcass</D><D>soy-meal</D><D>livestock</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>biffex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0218&#31;reute
+d f BC-U.K.-AGRICULTURAL-FUT   03-09 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. AGRICULTURAL FUTURES MARKETS TO MERGE</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Three London markets which trade potato,
+soymeal and meat futures said they will merge to form a new
+Agricultural Futures Exchange.
+    Legal advisers have been instructed to implement the
+amalgamation of the London Potato Futures Association, LPFA,
+the London Meat Futures Exchange, LMFE, and the Grain and Feed
+Trade Association's, GAFTA, Soya Bean Meal Futures Association,
+SOMFA. No timetable was given.
+    Members of the three exchanges have been consulted,
+Agricultural Futures Exchange secretary Bill Englebright told
+Reuters, and no objections have been raised to the merger.
+    Three markets are involved at present but the new exchange
+could ultimately combine five markets.
+    Discussions are taking place with the Baltic International
+Freight Futures Exchange, BIFFEX, and the GAFTA London Grain
+Futures Market is considering the possibility of joining the
+other markets, market officials said.
+    The BIFFEX board is expected to reach a decision on the
+merger at its meeting at the end of this month, after members
+are consulted at a meeting on March 16.
+    The grain futures market also intends to consult its
+members soon, GAFTA director general James Mackie said.
+    The aim of the amalgamation is to limit regulatory and
+administrative costs and achieve the recognition required under
+the 1986 Financial Services Act. This legislation requires a
+futures market to become a Recognised Investment Exchange, RIE,
+for trading to continue.
+    Representatives of all the futures markets on the Baltic
+Exchange have been discussing the possibility of a single RIE
+structure since the beginning of the year.
+    The new exchange now planned will apply to the Securities
+and Investments Board for recognition as an RIE "at the
+appropriate time," the Agricultural Futures Exchange said.
+    "This commitment by the markets will enable progress to be
+made to develop a stronger and more effective exchange to the
+benefit of all those involved in the industry," the chairman of
+the formation committee, Pat Elmer, said.
+    The merged markets will remain at the Baltic Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19503" NEWID="3085">
+<DATE> 9-MAR-1987 10:16:14.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0219&#31;reute
+r f BC-BSN-&lt;BSN>-SHARE-SALE   03-09 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BSN &lt;BSN> SHARE SALE ADVANCES</TITLE>
+<DATELINE>    DALLAS, March 9 - </DATELINE><BODY>BSN Corp said its agreement to sell
+1,750,000 new common shares, or a 25 pct interest, to 31
+unaffiliated European institutional investors for 30.4 mln dlrs
+has become definitive.
+    The company said closing is expected shortly after the
+filing of a registration statement with the Securities and
+Exchange Commission, which is expected to be made this month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19541" NEWID="3086">
+<DATE> 9-MAR-1987 10:16:28.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0220&#31;reute
+b f BC-GENCORP&lt;GY>-UNIT-TO-S   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP&lt;GY> UNIT TO SELL LOS ANGELES TV STATION</TITLE>
+<DATELINE>    AKRON, Ohio, March 9 - </DATELINE><BODY>Gencorp said its RKO General
+subsidiary agreed to sell KHJ-TV in Los Angeles to Walt Disney
+Co &lt;DIS> for 217 mln dlrs cash plus working capital and other
+adjustments at closing.
+    The company said under the agreement in principle, RKO's
+application to renew the station's broadcast license would be
+dismissed and the competing application of Fidelity Television
+would be granted. Disney would then acquire privately held
+Fidelity for about 103 mln dlrs and other adjustments.
+    Renewal of the KHJ-TV license has been challenged in
+regulatory proceedings for more than 20 years.
+    The deal is subject to prior approval by the Federal
+Communications Commission, the company said.
+    Late in 1985, Gencorp cut a deal with Fidelity, a Los
+Angeles investor group, and Westinghouse Electric Corp &lt;WX> to
+settle the license proceedings and sell KHJ-TV for 313 mln
+dlrs, 70 pct of which would go to Westinghouse and the
+remainder to Fidelity. But on Jan 28, 1987, Westinghouse
+withdrew from the deal because the FCC would not approve it.
+    In early 1986, Gencorp and RKO agreed to sell WOR-TV in
+Secaucus, N.J., to MCA Inc &lt;MCA> for 387 mln dlrs. The FCC has
+approved the transaction, but several parties have appealed.
+    The FCC has not said when it would rule on the appeals,
+according to a spokemsan for Akron, Ohio-based Gencorp.
+    Fidelity Television originally filed a competing
+application for the RKO license for KHJ, an independent
+station, in 1965.
+    In 1980, the FCC disqualified RKO as licensee of WNAC-TV in
+Boston, citing anti-competitive trade practices and inaccurate
+financial reporting to the agency, causing renewals previously
+granted to RKO in New York, for WOR, and Los Angeles, for KHJ,
+to be denied.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19504" NEWID="3087">
+<DATE> 9-MAR-1987 10:16:31.09</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0221&#31;reute
+f f BC-BARCLAYS-BANK-SAID-IT   03-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BARCLAYS BANK SAID IT CUTTING BASE LENDING RATE TO 10.5 PCT FROM 11 PCT.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19505" NEWID="3088">
+<DATE> 9-MAR-1987 10:19:46.01</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0240&#31;reute
+f f BC-MIDLAND-BANK-SAID-IT   03-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*******<TITLE>MIDLAND BANK SAID IT CUTTING ITS BASE RATE TO 10.5 PCT FROM 11 PCT.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19528" NEWID="3089">
+<DATE> 9-MAR-1987 10:20:20.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0241&#31;reute
+u f BC-IMATRON-&lt;IMAT>-SELLS   03-09 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMATRON &lt;IMAT> SELLS STAKE TO MITSUI &lt;MITSY></TITLE>
+<DATELINE>    SOUTH SAN FRANCISCO, Calif., March 9 - </DATELINE><BODY>Imatron Inc said
+Mitsui and Co Ltd of Japan has purchased a two mln dlr equity
+interest in Imatron at market price and was granted a 120-day
+option to make another two mln dlr investment at the same price.
+    Imatron said Mitsui, the exclusive importer of Imatron's
+Ultrafast computed tomography scanners into Japan, is scheduled
+to take delivery of its first scanner next month for
+installation in a large cardiology center.
+    It said it has entered into preliminary discussions with
+Mitsui on the formation of a joint venture to finance the
+accelerated development of Imatron's technology and its
+commercialization in Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19506" NEWID="3090">
+<DATE> 9-MAR-1987 10:22:21.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>morocco</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0249&#31;reute
+r f BC-MOROCCO-LIKELY-TO-GET   03-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOROCCO LIKELY TO GET OVER 100 MLN DLRS IN AID</TITLE>
+<DATELINE>    PARIS, March 9 - </DATELINE><BODY>Morocco, buoyed by an economic turnaround
+and last week's Paris Club debt rescheduling, is likely to
+obtain over 100 mln dlrs worth of development aid at a meeting
+with donors beginning here tomorrow, John Shilling, director of
+the World Bank's Moroccan division, said.
+    "A certain optimism has appeared in the economy to the
+effect that things are no longer impossible and Morocco can get
+out of its problems ... We are aiming for 100 mln Special
+Drawing Rights and if we can get more it will be put to good
+use," he told a news conference.
+    The agreement last week with the Paris Club of western
+creditors rescheduling over 10 years 900 mln dlrs worth of
+official debt due by mid-1988, together with an accord late
+last year to reschedule 1.8 billion dlrs of commercial bank
+debt, had already encouraged donors to increase aid, he added.
+    Debt sources said a World Bank concessional loan of around
+200 mln dlrs to help rationalise Morocco's public sector was
+likely to be agreed in Washington soon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19507" NEWID="3091">
+<DATE> 9-MAR-1987 10:27:25.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0264&#31;reute
+r f BC-A.H.-ROBINS'S-&lt;QRAH>   03-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A.H. ROBINS'S &lt;QRAH> JANUARY EARNINGS UP</TITLE>
+<DATELINE>    RICHMOND, Va., March 9 - </DATELINE><BODY>A. H. Robins Co, the drug company
+in bankruptcy proceedings due to litigation over its Dalkon
+Shield contraceptive device, reported consolidated net earnings
+for the month ended January 31 of 17.3 mln dlrs.
+    In the corresponding year-ago period it reported net
+earnings of 13.8 mln dlrs.
+    Robins said the filings were made with the U.S. trustee
+overseeing its chapter 11 bankruptcy case.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19508" NEWID="3092">
+<DATE> 9-MAR-1987 10:28:24.38</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0268&#31;reute
+b f BC-BARCLAYS,-MIDLAND-FOL   03-09 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARCLAYS, MIDLAND FOLLOW NATWEST BASE RATE CUT</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Barclays Bank Plc &lt;BCS.L> and Midland
+Bank Plc &lt;MDBL.L> said they are cutting their base lending
+rates to 10.5 pct from 11 pct. The cuts follow a similar move
+by National Westminster Bank Plc &lt;NWBL.L>
+    The rate changes take effect tomorrow.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19509" NEWID="3093">
+<DATE> 9-MAR-1987 10:28:27.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0269&#31;reute
+u f BC-CONTROL-DATA-&lt;CDA>-TO   03-09 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTROL DATA &lt;CDA> TO BUY PERIPHERALS STAKE</TITLE>
+<DATELINE>    MINNEAPOLIS, Minn., March 9 - </DATELINE><BODY>Control Data Corp said it
+agreed to acquire Unisys Inc's &lt;UIS> 13 pct stake in &lt;Magnetic
+Peripherals Inc>.
+    The letter of intent provides that Unisys converts from an
+owner in Magnetic Peripherals to a customer of Control Data's
+data storage products group over a two year period.
+    Under the agreement, Control Data will continue to furnish
+disk drives to Unisys, it said.
+    No other details of the proposed agreement were available.
+    Magnetic Controls, managed by the data storage products
+group of Control Data, was founded in 1975 as a joint venture
+to maintain a technological base in data storage, and supply
+peripheral equipment for the computer systems of its owners.
+    The venture has become a developer and manufacturer of high
+performance, high-capacity data storage products sold by
+Control Data to computer systems manafacturers worldwide, it
+said.
+    After conversion of the Unisys interest, Control Data will
+own 80 pct, Honeywell Inc &lt;HON>, 14 pct and Bull S.A. of
+France, six pct, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19539" NEWID="3094">
+<DATE> 9-MAR-1987 10:30:39.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0280&#31;reute
+u f BC-DONALD-TRUMP-TO-BUY-C   03-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DONALD TRUMP TO BUY CROSBY RESORTS &lt;RTB> STOCK</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Casino hotel operator and real estate
+developer Donald Trump said he has agreed to purchase the Class
+B common stock of Resorts International Inc held by the family
+and estate of late Resorts chairman James Crosby for 135 dlrs
+per share.
+    Trump said he is also considering a tender offer for
+remaining Class B shares at the same price but has no interest
+in Resorts' Class A shares.
+    Trump said the shares he has agreed already to buy
+represent a 78 pct interest in the Class B stock. The estate
+itself owns 340,783 of the 752,297 Class B shares. There are
+also about 6,432,000 Class A shares outstanding, but Trump said
+"I have no interest in the Class A shares."
+    Each Class B share has 100 times the voting power of a
+Class A share.
+    In Atlantic City, Resorts said in a statement that the
+Class B shares being sold to Trump represents 73 pct of the
+combined voting power in Resorts.
+    It said closing is dependent on receipt of necessary
+regulatory approvals and other matters, and after closing,
+Trump will tender for remaining Class B shares at the same
+price.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19510" NEWID="3095">
+<DATE> 9-MAR-1987 10:30:53.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0281&#31;reute
+b f BC-USAIR-&lt;U>-WINS-COURT   03-09 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> WINS COURT ORDER AGAINST TWA &lt;TWA></TITLE>
+<DATELINE>    PITTSBURGH, March 9 - </DATELINE><BODY>USAir Group Inc said a U.S. District
+Court in Pittsburgh issued a temporary restraining order to
+prevent Trans World Airlines Inc from buying additional USAir
+shares.
+    USAir said the order was issued in response to its suit,
+charging TWA chairman Carl Icahn and TWA violated federal laws
+and made misleading statements.
+    TWA last week said it owned 15 pct of USAir's shares. It
+also offered to buy the company for 52 dlrs a share cash or 1.4
+billion dlrs.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19511" NEWID="3096">
+<DATE> 9-MAR-1987 10:31:32.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-GREASE-MONKEY-&lt;GMHC>   03-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREASE MONKEY &lt;GMHC> GETS, REJECTS MERGER OFFER</TITLE>
+<DATELINE>    DENVER, March 9 - </DATELINE><BODY>Grease Monkey Holding Corp said it has
+received and rejected an unsolicited merger offer from Jiffy
+Lube International Inc &lt;LUBE>.
+    The company said the proposal involved an exchange of
+Grease Monkey common stock for a combination of Jiffy Lube
+securities with an estimated current value substantially below
+Grease Monkey's current market
+ price.
+    It said it will not disclosed details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19512" NEWID="3097">
+<DATE> 9-MAR-1987 10:32:27.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0287&#31;reute
+r f BC-HIGH-COURT-DECLINES-T   03-09 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGH COURT DECLINES TO HEAR APPEAL ON ATT CASE</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Supreme Court declined to hear an
+appeal by U.S. West Inc &lt;USW> challenging whether a consent
+decree was legally binding on the seven regional telephone
+firms created by the breakup of American Telephone and
+Telegraph Co &lt;T>.
+    The justices, without comment, let stand a ruling by a U.S.
+Court of Appeals last August that the restrictions of the 1982
+decree were legally binding on the regional companies, even
+though they were not parties to it.
+    U.S. West, one of the seven regional companies, argued that
+the restrictions violated the constitutional protections of due
+process under the law because AT and T did not adequately
+represent its subsidiaries during the consent decree
+proceedings.
+    The Justice Department urged the Supreme Court to reject
+the appeal, saying, "As a parent corporation, AT and T had the
+legal authority to bind (its operating subsidiaries) in a
+consent decree."
+    Also opposing the appeal was AT and T.
+    The appeals court ruling also allowed the Bell operating
+companies to offer certain services outside their territory
+without express permission of the federal courts.
+    That part of the ruling was not appealed to the Supreme
+Court.
+    Justice Antonin Scalia did not take part in today's ruling,
+and the court gave no explanation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19513" NEWID="3098">
+<DATE> 9-MAR-1987 10:33:18.59</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0291&#31;reute
+u f BC-/U.S.-RULING-ON-BRAZI   03-09 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. RULING ON BRAZIL FCOJ MAY COME TOMORROW</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>A decision on final dumping duties on
+frozen orange juice from Brazil may not be issued until
+tomorrow, Commerce Department officials said.
+    They said the department has until midnight tonight to set
+the duty but may not make the finding public until tomorrow.
+    A preliminary duty of 8.54 pct was set October 17, 1986.
+    The final ruling will be based on more detailed
+information, the officials said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19514" NEWID="3099">
+<DATE> 9-MAR-1987 10:33:52.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0294&#31;reute
+f f BC-Bank-of-England-says   03-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bank of England says issuing further one billion stg 8-3/4 pct bonds due 1997
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19515" NEWID="3100">
+<DATE> 9-MAR-1987 10:35:23.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0306&#31;reute
+u f BC-CHRYSLER-&lt;C>-IN-DEAL   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> IN DEAL TO BUY AMC &lt;AMO></TITLE>
+<DATELINE>    DETROIT, March 9 - </DATELINE><BODY>Chrysler Corp said it agreed in
+principle with French state-owned Renault to acquire American
+Motors Corp., in which Renault is controlling shareholder,
+under a deal in which AMC stockholders other than Renault would
+receive Chrysler common stock with a market value of four dlrs
+for each AMC common share they hold.
+    Chrysler said the letter of intent for the deal, which
+needs government and AMC shareholder and board approval,
+provides that AMC holders will receive not more than .0840 or
+less than .0687 of a share of Chrysler common for each share of
+AMC common they hold.
+ more
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19516" NEWID="3101">
+<DATE> 9-MAR-1987 10:35:33.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0307&#31;reute
+r f BC-FRANK-B.-HALL-&lt;FBH>-S   03-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANK B. HALL &lt;FBH> SUED BY NY INSURANCE DEPT</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Frank B. Hall and Co Inc said the
+superintendent of insurance of New York, as liquidator of Union
+Capital Indemnity Insurance Co of New York, has filed a lawsuit
+against the company, Touche Ross and Co, a group of Hall units,
+and former officers and directors of Union Indemnity seeking
+damages of 140 mln dlrs in connection with Union's insolvency.
+    Union Indemnity was a unit of Hall prior to being placed
+into liquidation by the New York Insurance Department in July
+1985.
+    Hall said it intends to oppose this action vigorously.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19517" NEWID="3102">
+<DATE> 9-MAR-1987 10:36:08.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0311&#31;reute
+u f BC-ADVANCED-TOBACCO-&lt;ATP   03-09 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED TOBACCO &lt;ATPI> TO MAKE ANNOUCEMENT</TITLE>
+<DATELINE>    SAN ANTONIO, Tex., March 9 - </DATELINE><BODY>Advanced Tobacco Products Inc
+said it will make an announcement regarding its stock halt this
+morning on NASDAQ.
+    The company said lawyers are preparing the release with
+company officials and should be making the announcement within
+the hour.
+    The stock's last bid was 3/8 and last ask 1/2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19518" NEWID="3103">
+<DATE> 9-MAR-1987 10:37:01.19</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0316&#31;reute
+u f BC-BARCLAYS,-MIDLAND-FOL   03-09 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARCLAYS, MIDLAND FOLLOW NATWEST BASE RATE CUT</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Barclays Bank Plc &lt;BCS.L> and Midland
+Bank Plc &lt;MDBL.L> said they are cutting their base lending
+rates to 10.5 pct from 11 pct. The cuts follow a similar move
+by National Westminster Bank Plc &lt;NWBL.L>
+    The rate changes take effect tomorrow.
+    The base rate reductions came after the Bank of England cut
+its dealing rates this morning in a signal to the money markets
+that it would not resist a half percentage point drop in bank
+base lending rates, market sources said.
+    Until the end of last week, the central was holding out
+staunchly against market pressures for lower rates in an
+apparent effort to preserve the expected rate cuts for around
+the time of the government's annual Budget on March 17.
+    Sterling remained firm around 1.59 dlrs compared with its
+close here on Friday at 1.5865 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19519" NEWID="3104">
+<DATE> 9-MAR-1987 10:38:01.83</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0323&#31;reute
+u f BC-/U.S.-MINT-SEEKING-4,   03-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MINT SEEKING 4,784,000 LBS ZINC</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The U.S. Mint said it is seeking
+offers on 4,784,000 lbs of special high-grade zinc that it
+intends to purchase.
+    It said selling offers will be due at 1100 hrs EST, March
+24.
+    The Mint said two increments of 1,300,000 lbs each are for
+delivery the weeks of April 13 and april 20 to Ball Corp,
+Greeneville, Tenn., and two increments of 1,092,000 lbs each
+are to be delivered the weeks of April 20 and April 27 to
+LaSalle Rolling Mills, LaSalle, Ill.
+    Firms, in submitting offers, may elect to receive payment
+from the Mint by standard check or by wire transfer. Awards
+will be based on whichever method is most cost advantageous to
+the goverment at the time the awards are determined.
+    The offers will have a minimum acceptance period of 10
+calendar days, the Mint said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19520" NEWID="3105">
+<DATE> 9-MAR-1987 10:38:52.75</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f0326&#31;reute
+u f BC-CANADA-BUILDING-PERMI   03-09 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA BUILDING PERMITS RISE IN NOVEMBER</TITLE>
+<DATELINE>    OTTAWA, March 9 - </DATELINE><BODY>Led by the non-residential sector,
+Canadian building permits issued in November rose 0.7 pct to
+2.18 billion dlrs, seasonally adjusted, from 2.16 billion dlrs
+in October, Statistics Canada said.
+    Residential permits fell 3.9 pct to 1.25 billion dlrs from
+1.30 billion dlrs in October while the number of units approved
+fell to 17,552 from 19,079 units.
+    The value of non-residential projects rose 7.6 pct to 927.6
+mln dlrs in the month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19521" NEWID="3106">
+<DATE> 9-MAR-1987 10:40:29.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0333&#31;reute
+d f BC-CAMBRIDGE-MEDICAL-&lt;CM   03-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMBRIDGE MEDICAL &lt;CMTC> ADDS INFO ON AIDS TEST</TITLE>
+<DATELINE>    BILLERICA, Mass., March 9 - </DATELINE><BODY>Cambridge Medical Technology
+Corp said pursuant to a letter of intent signed between it and
+&lt;Panbaxy Laboratories>, an AIDS test will be jointly
+manufactured by the two companies.
+    Cambridge said that before the test may be used for human
+clinical purposes, it must undergo extensive clinical and human
+testing and receive approval for marketing from the U.S. Food
+and Drug Administration.
+    The company said it is unable at this time to predict when
+the test will become available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19522" NEWID="3107">
+<DATE> 9-MAR-1987 10:41:01.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0337&#31;reute
+r f BC-DIXIE-YARNS-&lt;DXYN>-TO   03-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIXIE YARNS &lt;DXYN> TO ACQUIRE TI-CARO INC</TITLE>
+<DATELINE>    CHATTANOOGA, Tenn., March 9 - </DATELINE><BODY>Dixie Yarns Inc and &lt;TI-CARO
+Inc> jointly said they signed a merger agreement calling for
+Dixie to acquire all TI-CARO's stock in exchange for three mln
+of Dixie's common.
+    The companies said the previously announced merger has been
+approved by TI-CARO's board and is expected to close by early
+April.
+    They said the revenues of the combined companies will be
+over 600 mln dlrs, and Dixie said the merger will not dilute
+its 1987 results. TI-CARO was taken private in 1984 in a
+management led leveraged buy-out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19523" NEWID="3108">
+<DATE> 9-MAR-1987 10:41:25.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0339&#31;reute
+r f BC-CIBA-GIEGY-IN-PACT-TO   03-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIBA-GIEGY IN PACT TO MAKE GALLSTONE DISSOLVER</TITLE>
+<DATELINE>    SUMMIT, N.J., March 9 - </DATELINE><BODY>&lt;Ciba-Giegy Corp>'s Ciba-Giegy 
+Pharmaceuticals division said it had an agreement with
+&lt;Gipharmex S.P.A.> (Giuliani Group), of Milan, Italy, to
+develop and eventually market in the U.S. a new gallstone
+dissolving drug.
+    The company said the drug, ursodeoxycholic acid, is a
+naturally occurring bile acid and has been approved for
+marketing in most European countries and in Japan.
+    The division said it holds a patent on the use of the drug
+to dissolve gallstones.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19529" NEWID="3109">
+<DATE> 9-MAR-1987 10:43:31.26</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0351&#31;reute
+d f BC-U.S.-HAS-TO-MIDNIGHT   03-09 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HAS TO MIDNIGHT TO SET ORANGE JUICE DUTIES</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>A decision on final dumping duties on
+frozen orange juice from Brazil may not be issued until
+tomorrow, Commerce Department officials said.
+    They said the department has until midnight tonight to set
+the duty, but may not make the finding public until tomorrow.
+    A preliminary duty of 8.54 pct was set last Oct. 17.
+    The final duty will be based on more detailed information,
+the officials said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19530" NEWID="3110">
+<DATE> 9-MAR-1987 10:44:47.03</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0357&#31;reute
+u f BC-GALE-FORCE-WINDS-BUFF   03-09 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GALE FORCE WINDS BUFFET GREAT LAKES</TITLE>
+<DATELINE>    Kansas City, March 9 - </DATELINE><BODY>The National Weather Service said
+warnings of gale force winds remained in effect over lakes
+Erie, Huron and Michigan.
+    Also, warnings have been posted for large waves and beach
+erosion along the shores of the Lakes. Winds gusting to 45 mph
+caused four to six foot waves along the western and southern
+shores of Lake Michigan during the morning.
+    Advisories for low wind chill temperatures have also been
+posted across portions of upper Michigan and northern lower
+Michigan. Early morning gusty winds brought the wind chill to
+15 and 25 degrees below zero.
+    Freezing rain was scattered over central Colorado by mid
+morning, also over central Kansas and northeast Illinois.
+    Snow reached from south central Montana across Wyoming,
+western Nebraska and western Kansas. Snow also extended across
+northern Wisconsin, upper Michigan and northern lower Michigan.
+    Rain reached along the northern Pacific Coast, across
+northwest Utah, Maryland, Deleware, Virginia, the Carolinas,
+Georgia and northern Alabama.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19531" NEWID="3111">
+<DATE> 9-MAR-1987 10:47:32.75</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0368&#31;reute
+b f BC-U.K.-ISSUES-ONE-BILLI   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. ISSUES ONE BILLION STG BOND TRANCHE</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>The Bank of England said it was taking
+onto its books a further one billion stg tranche of 8-3/4 pct
+Treasury Loan stock due 1997, payable 40 stg pct on
+application. The stock was issued to the Bank at 96.50 stg pct
+and will be available for dealings from March 11, with the
+remainder of the amount payable on May 5. The Bank said the
+bonds would yield 9.28 pct at the issue price and would be free
+of tax to residents overseas. The issue would be designated
+8-3/4 pct Treasury Loan 1997 "B."  A further 100 mln stg was
+reserved for the National Debt Commissioners.
+    The market dropped by up to 1/2 point following the Bank's
+announcement, with the Treasury 13-1/2 pct stock due 2004/08
+quoted one full point lower at 134-12/32 stg pct around 20
+minutes after the news.
+    Dealers said the announcement had to be viewed against the
+backdrop of intense pressure for lower U.K. Interest rates
+which had built up over the past two weeks as a result of
+sterling's strength.
+    The Bank this morning finally signalled it was prepared to
+see lower rates and U.K. Clearing banks this afternoon
+announced cuts in their base lending rates to 10.5 pct from 11
+pct.
+    The Bank had initially been reluctant to countenance a rate
+cut because, dealers said, the authorities had wished to delay
+a reduction until around the time of the U.K. Budget on March
+17, thereby preserving the full impact of Chancellor of the
+Exchequer Nigel Lawson's package of measures.
+    However, in the face of sterling's apparently inexorable
+climb, the authorities today decided to cede to pressure and
+allow a half-point cut.
+    Today's one billion stg tap issue was viewed by the market
+as a move by the Bank to eradicate hopes for a further early
+rate cut which might arise as a result of strong sterling.
+    Most market participants believe that Lawson will now
+foster a further half point interest rate reduction at the time
+of the budget, although one or two said they would not be
+surprised to see a full point decline at this stage.
+    Dealers noted that as part of the authorities' attempts
+last week to ease pressure for lower rates, the Bank had issued
+a one billion stg tap stock with a view to subduing the
+Government bond market.
+    To the surprise of most participants, the issue was sold
+out within hours of becoming available for trading and the
+market pushed on to register further sharp gains.
+    Dealers said that at this stage it seemed unlikely that the
+issue announced today would be absorbed by the market as
+rapidly as last week's.
+    However, they noted that although sterling had edged down
+from its highs following the base rate cut, it had still closed
+on a trade-weighted basis at 72.4, well ahead of Friday's final
+71.8 and only just beneath the peak of 72.5 touched at 1300
+GMT.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19532" NEWID="3112">
+<DATE> 9-MAR-1987 10:47:44.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0369&#31;reute
+u f PM-REAGAN   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPER SAYS POINDEXTER MAY LINK REAGAN TO FUNDS</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>President Reagan's denial that he
+knew proceeds from Iran arms sales were diverted to Nicaraguan
+contra rebels might be challenged by his former national
+security adviser, according to the Washington Post.
+    The paper said yesterday that John Poindexter, who resigned
+last November when the illegal transfer of up to 20 mln dlrs
+was disclosed, was ready to break the silence he has so far
+maintained over the affair.
+    The Post said he might tell a special Senate committee
+investigating the Iran scandal that he told Reagan twice in
+1986 that money from Iran sales was being used for aid to the
+contras.
+    It said the panel was considering granting Poindexter
+immunity from prosecution over the fund diversion, which was
+illegal under a Congressional ban in force at the time against
+aid for the contras.
+    Poindexter has so far invoked the Fifth Amendment to the
+Constitution which protects people from giving evidence which
+could be self-incriminating.
+    Reagan has said he authorized the sale of arms to Iran in
+the hope of establishing links with Iranian moderates, but has
+denied knowing that proceeds were ending up in Nicaraguan rebel
+hands.
+    A White House spokesman had no comment on the Post story,
+but David Abshire, who is coordinating White House handling of
+the affair, said Reagan would never approve any illegal action.
+    Abshire, on the CBS television show "Face the Nation," did
+not comment directly on the Post story, but said: "He (Reagan)
+is deeply honest, he is deeply dedicated, he tells the truth
+and when he says he has no knowledge, he has no knowledge."
+    The Post quoted a source close to Reagan as saying the
+White House expected Poindexter "will say he had direction and
+authority, directly or indirectly," from the president for the
+diversion of funds.
+    The paper said the former security adviser's testimony
+could damage the president's claim he was unaware of the funds
+diversion.
+    It quoted a legal source as saying Poindexter and his
+lawyers planned to contend that twice in 1986 he told Reagan
+that the arms sales were generating money for the "contras."
+    The paper quoted the source as saying Poindexter did not
+tell Reagan there was an illegal diversion of funds, but that
+help for the contras was "an ancillary benefit" of the sales.
+    The Post's sources also said the Senate committee could
+grant immunity from prosecution this month to Oliver North, who
+was fired from the National Security Council on the same day
+that Poindexter resigned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19533" NEWID="3113">
+<DATE> 9-MAR-1987 10:48:16.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0373&#31;reute
+u f BC-ANDREOTTI-ASKED-TO-FO   03-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANDREOTTI ASKED TO FORM GOVERNMENT</TITLE>
+<DATELINE>    ROME, March 9 - </DATELINE><BODY>Italian President Francesco Cossiga asked
+veteran Christian Democrat politician Giulio Andreotti to try
+to form a new government, officials said.
+    They said Andreotti had reserved his reply on whether to
+accept the mandate, normal procedure until he has ascertained
+whether he can form a government.
+    Cossiga nominated Andreotti, sole candidate of the majority
+Christian Democrats, despite stiff opposition from the
+Socialists of outgoing Prime Minister Bettino Craxi.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19534" NEWID="3114">
+<DATE> 9-MAR-1987 10:49:07.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0378&#31;reute
+f f BC-******AMC-SAYS-IT-IS   03-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMC SAYS IT IS "STUDYING" CHRYSLER BUYOUT PROPOSAL AND WILL COMMENT WHEN "APPROPRIATE"
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19535" NEWID="3115">
+<DATE> 9-MAR-1987 10:49:36.26</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f0381&#31;reute
+r f BC-petro-canada   03-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETRO-CANADA TO DRILL TWO TERRA NOVA TEST WELLS</TITLE>
+<DATELINE>    ST. JOHN'S, Newfoundland, March 9 - </DATELINE><BODY>Petro-Canada, Canada's
+state-owned oil company, said it will drill two delineation
+wells this summer at the Terra Nova oil field offshore
+Newfoundland.
+    Evaluation of test results and preliminary engineering work
+should put Petro-Canada in a position to propose a development
+plan for the Terra Nova field in 1988, the company said.
+    Depending on time required for regulatory approvals,
+construction could begin in 1989, with first oil production as
+early as 1991, Petro-Canada said.
+    "We have a high degree of confidence that the western
+portion of the (Terra Nova) field contains at least 11 mln
+cubic meters of recoverable oil, or more than 70 mln barrels,
+and that we could produce it economicly using a floating
+production system," Petro-Canada said.
+    The Terra-Nova field, lying 350 kilometers east of St.
+John's and 35 kilometers southeast of Hibernia field, was
+discovered by Petro-Canada in 1984.
+    "We've had encouraging results from the eastern portion of
+the field, and we hope this summer's drilling will prove up
+additional reserves there," the company said.
+    Petro-Canada believes Terra Nova field is a good commercial
+prospect and the company wants to move some of those resources
+towards development so it can start generating a return on
+investments, Petro-Canada said.
+    Petro-Canada, which will act as operator of the two wells,
+has a 75 pct interest in the western portion of Graven block of
+the Terra Nova field and a 26 pct interest in the field's East
+Flank block, a company spokesman said later. Other field
+participants include Canterra Energy Ltd, Mobil Oil Canada Ltd,
+Gulf Canada Resources Inc, ICG Resources Ltd, Trillium
+Exploration Corp and general partnership PAREX.
+    Petro-Canada estimates reserves in the Terra Nova field's
+Graven block of between 68 mln and 70 mln barrels of oil,
+company spokesman Bob Foulkes said from Petro-Canada's Calgary
+office.
+    Combined reserves for Graven Block and the field's East
+Flank block are estimated between 70 mln and 130 mln barrels,
+he added.
+    Petro-Canada expects to spend about 500 mln Canadian dlrs
+to bring the field to production by about 1991, and the
+development budget could double if the company builds a
+production system combining both blocks in the field, he said.
+    Petro-Canada estimates the Terra Nova field Graven block
+would produce between 25,000 and 26,000 barrels average daily
+production, with a production system that would have maximum
+capacity of 40,000 bpd, company spokesman Foulkes said in
+answer to a query.
+    The company estimates a production system combining both
+Graven and East Flank blocks in the Terra Nova field could
+produce about 45,000 bpd average daily production, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19536" NEWID="3116">
+<DATE> 9-MAR-1987 10:49:51.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0383&#31;reute
+b f BC-KINGDOM-OF-SWEDEN-ISS   03-09 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KINGDOM OF SWEDEN ISSUES 100 MLN STG BOND</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Kingdom of Sweden is issuing a 100 mln
+stg bond due April 15, 1997 carrying a coupon of 9-1/2 pct and
+priced at 101-1/4, said Baring Brothers and Co Ltd as lead
+manager.
+    The issue is payable on April 15, 1987.
+    The bond is callable after seven years at 100-1/8 pct and
+it will be listed on the London Stock Exchange. Fees are a
+1-3/8 pct selling concession and 5/8 pct combined management
+and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19537" NEWID="3117">
+<DATE> 9-MAR-1987 10:50:26.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0387&#31;reute
+u f BC-CHARAN-SEES-AT-LEAST   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARAN SEES AT LEAST 50 PCT RISE IN 1987 PROFIT</TITLE>
+<DATELINE>    MONTREAL, March 9 - </DATELINE><BODY>(Charan Industries Inc), a distributor
+of toys and other consumer products, expects 1987 net profit to
+rise at least 50 pct over last year's 6.1 mln dlrs, president
+Earl Takefman told reporters before the annual meeting.
+    "We grew basically 100 pct last year, I'm not sure we're
+going to be able to grow 100 pct again this year but we
+certainly will grow at least 50 pct over last year," Takefman
+said.
+    Charan reported profit of 3.0 mln dlrs in 1985.
+    Takefman said he expects sales to rise to about 100 mln
+dlrs this year from 57.3 mln dlrs in 1986.
+    Fiscal 1985 ended September 30, while fiscal 1986 ended
+November 30.
+    Takefman said the company is actively looking for
+acquisitions in the consumer products industry, likely in
+Canada.
+    The company said it expects to resolve delivery problems
+this year which last year hindered the growth of its toy
+distribution business, which accounts for about one-third of
+revenues.
+    Charan is the exclusive distributor in Canada for &lt;Worlds
+of Wonder> toys, which include the Teddy Ruxpin voice-activated
+talking plush bear.
+    Takefman said new products this year, which will be on the
+shelves for Christmas, include a smaller version of Teddy
+Ruxpin, a talking Mickey Mouse toy, dancing plush toys, a doll
+with a voice activated by sound, touch, light and heat, and
+talking books.
+    The company is also marketing an extended line of "laser
+tag" kits, which shoot rays of light and tell you when you've
+hit someone.
+    Other products include a recorder device which allows
+students to leave taped messages in each others' school
+lockers, retailing for about 60 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19538" NEWID="3118">
+<DATE> 9-MAR-1987 10:51:15.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0392&#31;reute
+r f BC-MAYFAIR-SUPER-MARKETS   03-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAYFAIR SUPER MARKETS &lt;MYFRA> SALES INCREASED</TITLE>
+<DATELINE>    ELIZABETH, N.J., March 9 - </DATELINE><BODY>Mayfair Super Markets said its
+sales for the second qtr ended Feb 28 were 122.0 mln dlrs, an
+increase of more than 15 pct compared to sales of 105.9 mln
+dlrs in the comparable quarter last year.
+    The company said sales for the first six months of the year
+were 242.0 mln dlrs, more than 15 pct above the 210.1 mln dlrs
+reported in the same period last year.
+    This was the 12th consecutive quarterly gain, the company
+said.  The company said it expects to release earnings in
+April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19540" NEWID="3119">
+<DATE> 9-MAR-1987 10:52:07.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0398&#31;reute
+r f BC-TIMEPLEX-INC-&lt;TIX>-CO   03-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIMEPLEX INC &lt;TIX> COMPLETES REDEMPTION</TITLE>
+<DATELINE>    WOODCLIFF LAKE, N.J., March 9 - </DATELINE><BODY>Timeplex Inc said it
+completed its previously-announced redemption of its 7-3/4 pct
+convertible subordinated debentures due 2008.
+    The company said there had been 35 mln dlrs total principal
+amount of debentures outstanding.
+    Debenture holders were entitled to convert their debentures
+into shares of the company's common stock at a 22.50 dlrs per
+share, or 44-4/9 shares of common stock per  1,000 dlrs
+principal amount of debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19542" NEWID="3120">
+<DATE> 9-MAR-1987 10:53:41.84</DATE>
+<TOPICS><D>pet-chem</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0408&#31;reute
+r f BC-PPG-INDUSTRIES-&lt;PPG>   03-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PPG INDUSTRIES &lt;PPG> SELLS ETHYLENE INTERESTS</TITLE>
+<DATELINE>    PITTSBURGH, March 9 - </DATELINE><BODY>PPG Industries Inc said a group of
+investors led by &lt;Sterling Group> of Houston said it has agreed
+to acquire PPG's ethylene products business, including its
+inteest in an ethylene glycols joint venture with du Pont Co
+&lt;DD> in Beaumont, Texas, for undisclosed terms.
+    The company said completion is expected in the second
+quarter.
+    It said the business had sales of over 50 mln dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19543" NEWID="3121">
+<DATE> 9-MAR-1987 10:54:10.70</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0410&#31;reute
+b f BC-/-FED-EXPECTED-TO-ADD   03-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD TEMPORARY RESERVES</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The Federal Reserve is expected to
+intervene in the government securities market to add temporary
+reserves via customer repurchase agreements, economists said.
+    Most economists said the Fed will add 1.5 to two billion
+dlrs of temporary reserves via customer repurchase agreements,
+but some said there is a slim chance the Fed will inject
+permanent reserves via three-day system repurchase agreements.
+    Federal funds opened at 6-1/16 pct and firmed to 6-1/8 pct
+in early trading. Funds averaged six pct on Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19544" NEWID="3122">
+<DATE> 9-MAR-1987 10:54:36.02</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0412&#31;reute
+u f BC-BARCLAYS,-MIDLAND-FOL   03-09 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARCLAYS, MIDLAND FOLLOW NATWEST BASE RATE CUT</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Barclays Bank Plc &lt;BCS.L> and Midland
+Bank Plc &lt;MDBL.L> said they are cutting their base lending
+rates to 10.5 pct from 11 pct. The cuts follow a similar move
+by National Westminster Bank Plc &lt;NWBL.L>
+    The rate changes take effect tomorrow.
+    The base rate reductions came after the Bank of England cut
+its dealing rates this morning in a signal to the money markets
+that it would not resist a half percentage point drop in bank
+base lending rates, market sources said.
+    Until the end of last week, the central was holding out
+staunchly against market pressures for lower rates in an
+apparent effort to preserve the expected rate cuts for around
+the time of the government's annual Budget on March 17.
+    Sterling remained firm around 1.59 dlrs compared with its
+close here on Friday at 1.5865 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19545" NEWID="3123">
+<DATE> 9-MAR-1987 10:55:22.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0413&#31;reute
+r f BC-ECOLOGY/ENVIRONMENT-&lt;   03-09 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECOLOGY/ENVIRONMENT &lt;EEI> INITIAL OFFER STARTS</TITLE>
+<DATELINE>    BUFFALO, N.Y., March 9 - </DATELINE><BODY>Ecology and Environment Inc said
+an initial public offering of one mln common shares is under
+way at 15 dlrs a share.
+    The company is selling 919,948 shares and shareholders the
+rest.  &lt;Prudential-Bache Securities Inc> is sole underwriter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19546" NEWID="3124">
+<DATE> 9-MAR-1987 10:55:40.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T
+&#22;&#22;&#1;f0414&#31;reute
+d f BC-WEST-GERMAN-FARMERS-M   03-09 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN FARMERS MARCH AGAINST EC POLICIES</TITLE>
+<DATELINE>    KIEL, March 9 - </DATELINE><BODY>About 8,000 West German farmers marched
+through the northern city of Kiel today in a protest against
+European Community (EC) agricultural policies, organisers said.
+    The demonstrators burned straw effigies of the two West
+German members of the EC's 17-man Commission, Karl-Heinz Narjes
+and Alois Pfeiffer, and demanded their removal from office.
+    Speakers at a rally also called on the government to take a
+tougher stance in dealings with the Commission.
+    The protest was the latest of several by West German
+farmers against Commission proposals to cut EC farm
+spending.The farmers say the proposals will put many of them
+out of business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19547" NEWID="3125">
+<DATE> 9-MAR-1987 10:55:42.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0415&#31;reute
+f f BC-******UAW-SAYS-IT-SUP   03-09 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNITED AUTO WORKERS UNION SAYS IT SUPPORTS CHRYSLER-AMC MERGER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19548" NEWID="3126">
+<DATE> 9-MAR-1987 10:56:38.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0417&#31;reute
+u f BC-RLR-FINANCIAL-SERVICE   03-09 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RLR FINANCIAL SERVICES &lt;RLRF> TO MAKE STATEMENT</TITLE>
+<DATELINE>    LAUDERHILL, Fla., March 9 - </DATELINE><BODY>RLR Financial Services said it
+will be releasing a statement shortly concerning the company.
+    RLR's stock was halted this morning for news pending by the
+NASDAQ.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19549" NEWID="3127">
+<DATE> 9-MAR-1987 10:57:23.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>angola</D><D>uruguay</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>un</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0421&#31;reute
+r f AM-RELATIONS   03-09 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANGOLA, URUGUAY ESTABLISH DIPLOMATIC RELATIONS</TITLE>
+<DATELINE>    UNITED NATIONS, March 9 - </DATELINE><BODY>Angola and Uruguay have
+established diplomatic relations at the ambassadorial level,
+according to a joint communique signed by their U.N.
+representatives and circulated here today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19550" NEWID="3128">
+<DATE> 9-MAR-1987 10:57:54.02</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0423&#31;reute
+b f BC-LLOYDS-BANK-MATCHES-B   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLOYDS BANK MATCHES BASE RATE CUT TO 10.5 PCT</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Lloyds Bank Plc &lt;LLOY.L> said it is
+cutting its base lending rate to 10.5 pct from 11 pct,
+effective tomorrow.
+    The reduction follows similar moves from the three other
+British clearing banks.
+    National Westminster Bank Plc &lt;NWBL.L> led the way this
+morning after the Bank of England lowered its dealing rates in
+a signal that it would tolerate a half percentage point
+reduction.
+    The central bank's surprise signal followed its strenuous
+efforts last week to prevent market forces from bringing down
+base rates before the U.K. Budget on March 17.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19551" NEWID="3129">
+<DATE> 9-MAR-1987 10:58:04.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0424&#31;reute
+h f BC-NORCROS-BREAKS-OFF-ME   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORCROS BREAKS OFF MERGER TALKS WITH WILLIAMS</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Norcros &lt;NCRO.L> Plc said it has no
+intention of proceeding any further with talks on Williams
+Holdings Plc's suggestion that there would be benefits arising
+from a merger between the two groups.
+    Norcros said any such benefits could be achieved through
+normal trading and did not warrant a closer formal association.
+    Norcros shares firmed 30p to 342p after the news on
+investor speculation of a possible hostile bid from Williams,
+dealers said. Williams rose 2p to 742.
+    Williams earlier informed Norcros that it holds some
+2,890,000 of its ordinary shares or 2.2 pct of those issued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19552" NEWID="3130">
+<DATE> 9-MAR-1987 10:58:19.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0426&#31;reute
+d f BC-BURTON-GROUP-ADRS-STA   03-09 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURTON GROUP ADRS START TRADING TODAY</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>The Burton Group Plc &lt;BRTO.L> said
+trading will commence in the U.S. In Burton Group American
+Depositary Receipts (ADRs).
+    Burton said it expected the ADRs to increase significantly
+the North American demand for Burton's shares. A programme to
+promote the ADRs with presentations in the U.S. Is due soon.
+Burton shares here were 6p firmer at 306p.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19553" NEWID="3131">
+<DATE> 9-MAR-1987 10:58:30.51</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0427&#31;reute
+u f BC-LLOYDS-BANK-MATCHES-B   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLOYDS BANK MATCHES BASE RATE CUT TO 10.5 PCT</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Lloyds Bank Plc &lt;LLOY.L> said it is
+cutting its base lending rate to 10.5 pct from 11 pct,
+effective tomorrow.
+    The reduction follows similar moves from the three other
+British clearing banks.
+    National Westminster Bank Plc &lt;NWBL.L> led the way this
+morning after the Bank of England lowered its dealing rates in
+a signal that it would tolerate a half percentage point
+reduction.
+    The central bank's surprise signal followed its strenuous
+efforts last week to prevent market forces from bringing down
+base rates before the U.K. Budget on March 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19554" NEWID="3132">
+<DATE> 9-MAR-1987 10:58:41.80</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0428&#31;reute
+d f BC-LESS-GRAIN-FLOWS-INTO   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LESS GRAIN FLOWS INTO WEST GERMAN INTERVENTION</TITLE>
+<DATELINE>    HAMBURG, March 9 - </DATELINE><BODY>The West German Intervention Board said
+it accepted 962,192 tonnes of grain from the start of the
+current agricultural year to the end of last month, compared
+with 1.8 mln tonnes during the July/February period in 1985/86.
+    It said it accepted 336,097 tonnes of bread wheat (nil in
+the year-earlier period), 16,818 (nil) tonnes of high quality
+wheat, 33,623 (523,625) tonnes of feed wheat, 3,426 (168,682)
+tonnes of rye, 88,494 (32,766) tonnes of high quality rye,
+2,313 (105,005) tonnes of summer barley and 481,421 (972,794)
+tonnes of winter barley.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19555" NEWID="3133">
+<DATE> 9-MAR-1987 10:59:44.61</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0433&#31;reute
+u f BC-LLOYDS-BANK-MATCHES-B   03-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLOYDS BANK MATCHES BASE RATE CUT TO 10.5 PCT</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Lloyds Bank Plc said it is cutting its
+base lending rate to 10.5 pct from 11 pct, effective tomorrow.
+    The reduction follows similar moves from the three other
+British clearing banks.
+    National Westminster Bank Plc led the way this morning
+after the Bank of England lowered its dealing rates in a signal
+that it would tolerate a half percentage point reduction.
+    The central bank's surprise signal followed its strenuous
+efforts last week to prevent market forces from bringing down
+base rates before the U.K. Budget on March 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19556" NEWID="3134">
+<DATE> 9-MAR-1987 11:00:02.26</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0435&#31;reute
+f f BC-FRENCH-13-WEEK-T-BILL   03-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH 13-WEEK T-BILL AVERAGE RATE FALLS TO 7.37 PCT FROM 7.69 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19557" NEWID="3135">
+<DATE> 9-MAR-1987 11:01:00.82</DATE>
+<TOPICS><D>meal-feed</D><D>fishmeal</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0443&#31;reute
+r f BC-LITTLE-MOVEMENT-ON-HA   03-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLE MOVEMENT ON HAMBURG FISHMEAL MARKET</TITLE>
+<DATELINE>    HAMBURG, March 9 - </DATELINE><BODY>The Hamburg fishmeal market saw little
+movement in the past week with demand slack as in other protein
+feed sectors, trade sources said.
+    Prices edged up on firmer origin offering levels and the
+stronger dollar. Sellers quoted 64 pct fishmeal at between 640
+and 650 marks per tonne free on truck for spot and between 630
+and 640 marks for April/Dec.
+    International demand was also slow but some inquiries from
+Far Eastern buyers were noted in South American producer
+countries, the sources said.
+    Chile is said to have good catches in northern and southern
+fishing grounds, with offers unchanged at 330 dlrs per tonne c
+and f North German ports.
+    Peru's catches differ regionally and stocks are low.
+Sellers quoted a nominal offering level of 320 dlrs per tonne c
+and f north German ports. Ecuador was not in the market and
+catches are said to be poor.
+    Denmark has seasonally low catches, with 72 pct meal
+offered at 315 crowns per 100 kilos cif North European ports
+for April/Oct deliveries. Iceland has good catches and sellers
+quoted a price of 5.45 dlrs per percentage point protein cif
+North European ports. Norway was not in the market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19558" NEWID="3136">
+<DATE> 9-MAR-1987 11:01:36.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0445&#31;reute
+b f BC-FRANCE'S-BFCE-ISSUES   03-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE'S BFCE ISSUES 150 MLN DLR EUROBOND</TITLE>
+<DATELINE>    PARIS, March 9 - </DATELINE><BODY>Banque Francaise du Commerce Exterieur
+(BFCE) is issuing a 150 mln dlr, seven pct bond due April 1,
+1992 at par, lead manager Societe Generale said.
+    The issue of unsecured, unsubordinated debt, is guaranteed
+by France. Fees are 1-1/4 pct for selling, 1/4 pct for
+management and 3/8 pct for underwriting.
+    Payment date is April 1, listing is in Luxembourg and
+denominations are of 1,000 and 10,000 dlrs. The launch spread
+is 53 basis points over equivalent five-year treasuries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19559" NEWID="3137">
+<DATE> 9-MAR-1987 11:03:05.71</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0457&#31;reute
+b f BC-UK-MONEY-RATES-FALL-A   03-09 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK MONEY RATES FALL AS BANK APPROVES BASE RATE CUT</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>A half point cut in base lending rates
+was announced by the big four clearing banks today after the
+Bank of England finally endorsed such a move following weeks of
+downward pressure, dealers said.
+    During its routine intervention in the market, the bank
+trimmed the rates at which it deals with the discount houses by
+half a point and National Westminster led the other clearing
+banks in reducing its base rate to 10-1/2 pct from 11 pct.
+    The timing of the Bank of England move took operators by
+surprise after its recent action seemingly designed to dampen
+hopes of a base rate cut ahead of the U.K. Budget on March 17.
+       For some time, fundamentals have
+led the market to push for a one point cut in base lending
+rates to 10 pct but the central bank has declined to follow
+wholesale money market rates down.
+    Although political considerations -- the government's wish
+to see a fall in base rates coincide with the Budget -- had
+been suggested by operators last week as reasons for the Bank's
+delaying action, worries about the real strength of sterling
+and perhaps about the market's reaction to the content of the
+Budget may have been behind the central bank's caution, dealers
+said.
+    In the event, sterling continued firm after the rate cut,
+leaving the market still looking for another half point fall.
+    Consequently, rates in the money market eased during the
+day, one-month interbank sterling shedding 5/16 point to
+10-9/16 7/16 and three-months trading 1/16 point down at
+10-5/16 3/16 pct. Sterling cd's were similarly down between
+5/16 point in one month and 1/8 point in one year.
+    Overnight interbank money for tomorrow was indicated at
+around 11 pct, almost a point below the levels ruling at the
+end of last week. Today, overnight touched a high of some
+11-3/4 pct after the Bank took out 228 mln stg of an estimated
+300 mln stg shortage.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19560" NEWID="3138">
+<DATE> 9-MAR-1987 11:03:18.66</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0458&#31;reute
+u f BC-GRAIN-CERTIFICATE-RED   03-09 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN CERTIFICATE REDEMPTIONS PUT AT 240 MLN BU</TITLE>
+<DATELINE>    KANSAS CITY, March 9 - </DATELINE><BODY>Over 240 mln bushels of government
+grain have been allocated in redemptions for commodity
+certificates since the program began April 30, according to the
+Commodity Credit Corporation.
+    Redemptions included 11.4 mln bushels of corn valued at
+17.0 mln dlrs, or an average per-bushel price of 1.492 dlrs,
+since the current grain catalogs were issued December 1 by CCC.
+    Wheat redemptions totaled 9.6 mln bushels, valued at 23.7
+mln dlrs, since December 1.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19561" NEWID="3139">
+<DATE> 9-MAR-1987 11:03:31.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0459&#31;reute
+b f BC-/AMC-&lt;AMO>-STUDYING-C   03-09 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMC &lt;AMO> STUDYING CHRYSLER &lt;C> PROPOSAL</TITLE>
+<DATELINE>    SOUTHFIELD, Mich., March 9 - </DATELINE><BODY>American Motors Corp said it
+is studying a proposed merger with Chrysler Corp.
+    American Motors said it received a letter from Chrysler
+Corp "advising us of their proposal to enter into a merger
+transaction with American Motors Corp."
+    In a brief statement, the company said, "We are studying
+the proposal. We will have further comment when it is
+appropriate."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19562" NEWID="3140">
+<DATE> 9-MAR-1987 11:07:33.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0484&#31;reute
+u f BC-DANSKE-BANK-IS-FIRST   03-09 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANSKE BANK IS FIRST DANISH BANK TO ISSUE CDS</TITLE>
+<DATELINE>    COPENHAGEN, March 9 - </DATELINE><BODY>Den Danske Bank af 1871 A/S said it
+was issuing the first certificates of deposit from a Danish
+bank and that the CDs will be for six, nine and 12 months or a
+negotiable period.
+    They will come in denominations of 10 mln crowns without
+commission to the bank. Interest will be linked to money and
+capital market rates and paid on a discount basis, with
+certificates sold below par and maturing at par, a bank
+statement said.
+    The certificates are not liable to stamp duty. "They will be
+a flexible supplement to negotiated deposits and will give
+companies and institutional investors better chances to
+organise liquidity," the statement said.
+    Bank spokesman Arne Lund said "We could not do it earlier
+because it was not possible for the tax authorities to say if
+the certificates were liable to stamp duty or not."
+    He said the issue should be assisted by high short-term
+interest rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19563" NEWID="3141">
+<DATE> 9-MAR-1987 11:09:44.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0503&#31;reute
+r f BC-GOLDEN-TECH-RESOURCES   03-09 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDEN TECH RESOURCES &lt;GTS.V> UNIT NOTES SALES</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 9 - </DATELINE><BODY>International
+Geosystems Corp, a subsidiary of Golden Tech Resources, said
+recent orders of its TianMa Chinese Language word processing
+system have brought year-to-date sales to more than 2,900,000
+Canadian dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19564" NEWID="3142">
+<DATE> 9-MAR-1987 11:10:07.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0505&#31;reute
+u f BC-WALL-STREET-STOCKS/AM   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/AMERICAN EXPRESS &lt;AXP></TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>American Express Co's stock fell
+sharply, reflecting, in part, investors' disappointment that
+the company did not make an announcement about its plans for
+brokerage unit Shearson Lehman Brothers, traders said.
+    The company has said it is studying options for its
+Shearson unit. Traders said many investors anticipated an
+announcement this weekend that it would spin off Shearson
+Lehman. Also, they said, a flurry of arbitrage related sell
+programs that pounded the general market today accelerated the
+selloff of American Express, a component of the Dow Industrial
+Average. American Express fell 3-1/8 to 77-3/8.
+    "It was part programs and part that there was anticipation
+of an announcement of a spinoff or something with Shearson this
+weekend, and that announcement never happened," one trader
+said.
+    In the last few minutes of trading on Friday, another
+trader said, the stock jumped to close up 3-3/8, largely on
+anticipation that the company would make a weekend
+announcement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19565" NEWID="3143">
+<DATE> 9-MAR-1987 11:10:18.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0507&#31;reute
+d f BC-INFOTRON-&lt;INFN>-NAMES   03-09 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INFOTRON &lt;INFN> NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    CHERRY HILL, N.J., March 9 - </DATELINE><BODY>Infotron Systems Corp said it
+elected Robert E. Purcell chairman of the board, a position
+held vacant for several years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19566" NEWID="3144">
+<DATE> 9-MAR-1987 11:13:43.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0520&#31;reute
+f f BC-******UAL'S-AIRLINE-F   03-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UAL'S UNITED AIRLINES FEBRUARY LOAD FACTOR RISES TO 63.2 PCT FROM 58.9 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19567" NEWID="3145">
+<DATE> 9-MAR-1987 11:14:45.49</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0523&#31;reute
+r f BC-RANGER-&lt;RGO>-COMPLETE   03-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RANGER &lt;RGO> COMPLETES U.S. PROPERTY SALE</TITLE>
+<DATELINE>    CALGARY, Alberta, March 9 - </DATELINE><BODY>Ranger Oil Ltd said it
+completed on March 2 the previously announced sale of its U.S.
+oil and gas properties held by subsidiaries Ranger Oil Co and
+Ranger Inc to Ampol Exploration Ltd, of Australia, for 18.5 mln
+U.S. dlrs.
+    Ranger said that under the deal, it would retain a five pct
+gross overriding royalty on its stake from blocks east cameron
+65 and 82 in the Gulf of Mexico offshore Lousiana.
+    It said the sale did not include U.S. properties acquired
+from &lt;Berkeley Exploration and Production PLC> last December.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19568" NEWID="3146">
+<DATE> 9-MAR-1987 11:14:56.14</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0524&#31;reute
+f f BC-******AMOCO'S-FIRST-S   03-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMOCO'S FIRST SOUTH CHINA SEA EXPLORATORY WELL FLOWS 2,240 BARRELS OF OIL DAILY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19569" NEWID="3147">
+<DATE> 9-MAR-1987 11:16:22.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0529&#31;reute
+b f BC-KINGDOM-OF-SWEDEN-ISS   03-09 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KINGDOM OF SWEDEN ISSUES 100 MLN STG BOND</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Kingdom of Sweden is issuing a 100 mln
+stg bond due April 15, 1997 carrying a coupon of 9-1/2 pct and
+priced at 101-1/4, Baring Brothers and Co Ltd said as lead
+manager.
+    The issue is payable on April 15, 1987.
+    The bonds are callable after seven years at 100-1/8 pct and
+it will be listed on the London Stock Exchange. Fees are a
+1-3/8 pct selling concession and 5/8 pct combined management
+and underwriting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19570" NEWID="3148">
+<DATE> 9-MAR-1987 11:20:24.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0539&#31;reute
+r f BC-U.S.-CORPORATE-FINANC   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORPORATE FINANCE - S/P CUT HAS NO EFFECT</TITLE>
+<AUTHOR>    By John Picinich, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>In an unusual move, Standard and Poor's
+Corp downgraded a U.S. corporate debt issue soon after it was
+priced for offering late last week.
+    But, unlike a similar action in September 1986, which
+investment bankers said disrupted the financing, the agency's
+rate reduction had no effect this time, traders said.
+    S and P announced Friday afternoon that it cut to B from
+B-plus a 900 mln dlr issue of senior notes due 1994 of Holiday
+Inns Inc, a unit of Holiday Corp &lt;HIA>. The notes were priced
+late Thursday by sole manager Drexel Burnham Lambert Inc.
+    In a release, Standard and Poor's said the action reflected
+a change in the note issue's terms to an unsecured form of debt
+from secured. That change was made after the agency rated the
+notes on February 20, S and P stated.
+    "We took action as we became aware that the issue's
+structure had changed," said Robert Nelson of S and P. "We
+generally make a distinction between secured and unsecured
+debt, and this was the key factor in our downgrade."
+    A spokesman for Drexel said the action did not affect the
+Holiday Inns deal, which had already sold out to investors by
+late Friday afternoon.
+    "The Holiday notes are trading at 100.50 on a when-issued
+basis," the Drexel spokesman said soon after S and P's
+announcement. The 10-1/2 pct notes had been priced at par.
+    That is a far cry from late September, when S and P
+downgraded a 215 mln dlr issue of subordinated sinking fund
+debentures due 1998 of New World Pictures Ltd &lt;NWP> just hours
+after the pricing. Because of the rating cut to CCC-plus from
+B-minus, the underwriter halted sales and repriced the issue.
+    Sole manager L.F. Rothschild, Unterberg, Towbin initially
+gave the debentures a 12-1/4 pct coupon and par pricing. It
+then repriced the issue at 97 to yield 12.74 pct.
+    New World Pictures had increased the issue to 215 mln dlrs
+from an original offering of 150 mln dlrs, and that brought in
+S and P. The agency cited the larger financing in its action
+and said it believed the issuer's cash from existing operations
+would not be enough to adequately service debt.
+    An officer with S and P said at the time the rating agency
+was not told beforehand that the issue had been increased in
+size. Usually, issuers and underwriters alert the rating
+agencies to any changes in debt offerings, he said.
+    In both cases, Moody's Investors Service Inc declined to
+follow suit, bond traders noted.
+    Indeed, Moody's announced Friday that its original rating
+of B-1 for the Holiday Inns notes remained appropriate.
+    Moody's pointed out that while the seven-year notes would
+be unsecured obligations of Holiday Inns, the issue would
+benefit from a negative pledge provision and a call for
+specified collateral under certain circumstances.
+    The agency also said the B-1 rating continued to recognize
+a highly leveraged debt structure that would result from
+Holiday's recapitalization program, as well as the company's
+dependence on property sales to produce adequate cash flow for
+near-term debt service.
+    "Aside from Holiday Inns and New World Pictures, I cannot
+remember the last time an issue was downgraded so soon after
+the pricing," remarked one corporate bond trader.
+    Holiday Inns also sold Thursday via Drexel 500 mln dlrs of
+subordinated debentures due 1999 with an 11 pct coupon and par
+pricing. The debentures' ratings of B-2 by Moody's and B-minus
+by S and P were left unchanged on Friday.
+    The combined offering of 1.4 billion dlrs was the
+second-largest junk bond deal ever brought to market,
+underwriters and traders said. They said the biggest was BCI
+Holdings' 2.35 billion dlr offering on April 10, 1986.
+    That the Holiday Inns deal sold out quickly underscored the
+appetite of many investors for high-yield securities.
+    "People are hungry for yield. They are not worried about
+downside risk at all, especially for junk bonds issued by
+well-known companies," said one portfolio manager.
+    As a result, investors are expected to snap up this week's
+planned offerings by Allied Stores Corp of 200 mln dlrs of
+senior notes due 1992, rated B-2/B, and 600 mln dlrs of senior
+subordinated debentures due 1997, rated B-3/CCC-plus.
+    Lead underwriter First Boston Corp said Friday it has
+tentatively scheduled the securities for pricing today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19571" NEWID="3149">
+<DATE> 9-MAR-1987 11:24:16.21</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0555&#31;reute
+u f BC-/TRADERS-SAY-USDA-MAY   03-09 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADERS SAY USDA MAY LOWER ORANGE CROP ESTIMATE</TITLE>
+<DATELINE>    New York, March 9 - </DATELINE><BODY>The U.S. Department of Agriculture will
+probably decrease its estimate of the 1986/87 Florida orange
+crop today to as low as 123 mln boxes from 129 mln boxes,
+analysts and industry sources said.
+    The Department is scheduled to release the new estimate at
+1500 hrs EST (2100 gmt) today.
+    Analysts said the market is anticipating a downward
+revision and much of the bullish impact has been discounted.
+    The estimate, which the USDA has left unchanged since
+October, should be affected this time by recent evidence of a
+shortfall in the early and midseason crop now that those
+harvests are complete. Analysts said based on earlier USDA
+projections, the harvests should have been five to seven mln
+boxes larger than they were.
+    "They are going to cut their estimate," said Bob Tate, an
+FCOJ broker with Dean Witter Reynolds in Miami. "The only
+question is whether they will admit the whole thing in this
+estimate."
+    Tate said it is possible the USDA will lower its estimate
+by a lesser amount, perhaps three mln boxes, and continue to
+drop the estimate in subsequent reports as the crop picture
+clarifies. The late season harvest, consisting mostly of
+Valencia oranges, has not yet started, he noted.
+    "They'll temper it," said Judy Weissman, FCOJ analyst with
+Shearson Lehman Bros. "The main drop will probably come in
+July."
+    She expects today's estimate will be 126 mln boxes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19572" NEWID="3150">
+<DATE> 9-MAR-1987 11:25:42.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0560&#31;reute
+u f BC-FLORIDA-NATIONAL-&lt;FNB   03-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORIDA NATIONAL &lt;FNBF> DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded 50 mln dlrs of debt of Florida National Banks of
+Florida Inc and its lead bank, Florida National Bank.
+    Moody's cut the parent's subordinated debt to Baa-1 from
+A-3 and the lead bank's long-term deposit obligations to A-1
+from Aa-3. Affirmed were Florida National's commercial paper at
+Prime-2 and the unit's short-term deposits at Prime-1.
+    The rating agency cited elevated levels of non-performing
+assets that are concentrated in real estate lending. Moody's
+pointed out that losses escalated throughout 1986 and said it
+expects only a partial improvement this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19573" NEWID="3151">
+<DATE> 9-MAR-1987 11:27:36.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0569&#31;reute
+u f BC-PERRY-DRUG-&lt;PDS>-FEBR   03-09 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERRY DRUG &lt;PDS> FEBRUARY SALES UP 19.5 PCT</TITLE>
+<DATELINE>    PONTIAC, Mich., March 9 - </DATELINE><BODY>Perry Drug Stores Inc said
+February sales were up 19.5 pct to 52 mln dlrs from 43 mln dlrs
+a year earlier, with same-store sales up five pct.
+    It said sales for the first four months of its fiscal year
+were up 17.0 pct to 241 mln dlrs from 206 mln dlrs a year
+before, with same-store sales up five pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19574" NEWID="3152">
+<DATE> 9-MAR-1987 11:32:12.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0580&#31;reute
+b f BC-/UAW-SAYS-IT-BACK-CHR   03-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW SAYS IT BACK CHRYSLER &lt;C>, AMC &lt;AMO> MERGER</TITLE>
+<DATELINE>    DETROIT, March 9 - </DATELINE><BODY>The United Auto Workers &lt;UAW> union said
+it supports Chrysler Corp's proposal to buy American Motors
+Corp as creating "a good match that potentially points the way
+to a more secure future for workers at both companies."
+    "We believe our members' interests can be well served
+within the Chrysler family, and we are committed to making that
+happen," UAW president Owen Bieber and vice president Marc
+Stepp said in a statement.
+    "We believe Chrysler's purchase is a logical and sound step
+for all concerned," the union said.
+    The UAW is negotiating with AMC over the carmaker's demand
+for economic concessions covering workers at its Wisconsin
+operations, without which AMC has said it would cease vehicle
+production at its Kenosha, Wisconsin, assembly plant by 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19575" NEWID="3153">
+<DATE> 9-MAR-1987 11:36:06.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0602&#31;reute
+u f BC-TWA-&lt;TWA>-DECLINES-CO   03-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> DECLINES COMMENT ON USAIR &lt;U></TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>A Transworld Airlines Inc official said
+the airline has no comment on USAir Group Inc's planned buyout
+of Piedmont Aviation Inc.
+    TWA, however, has pursued its application with the
+Department of Transportation for a takeover of USAir, according
+to Mark Buckstein, TWA general counsel and vice president. TWA
+filed a revised application today, following the DOT's
+rejection Friday of an incomplete application filed last week.
+    Earlier USAir said it agreed to buy Piedmont for 69 dlrs
+cash per share.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19576" NEWID="3154">
+<DATE> 9-MAR-1987 11:36:38.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f0606&#31;reute
+u f BC-MOODY'S-MAY-DOWNGRADE   03-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE PIEDMONT AVIATION &lt;PIE> </TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade 120 mln dlrs of debt of Piedmont Aviation Inc
+because of the airline's agreement to be acquired by USAir
+Group Inc &lt;U>.
+    The rating agency said its review would focus on the effect
+of the acquisition on Piedmont's financial leverage and its
+debt-service requirements. Moody's said it is also examining
+the potential use of the airline's borrowing capacity to
+finance the merger.
+    Piedmont currently carries Baa-2 preferred stock and
+Prime-2 commercial paper.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19577" NEWID="3155">
+<DATE> 9-MAR-1987 11:36:56.57</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>unctad</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0608&#31;reute
+u f BC-RUBBER-PRODUCERS,-CON   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUBBER PRODUCERS, CONSUMERS START NEW PACT TALKS</TITLE>
+<DATELINE>    GENEVA, March 9 - </DATELINE><BODY>The chairman of the conference on a new
+International Natural Rubber Agreement (INRA), Manaspas Xuto of
+Thailand, said it was imperative to try to settle the main
+outstanding issues this week.
+    The INRA renegotiation conference, which resumed today
+under the auspices of the United Nations Conference on Trade
+and Development (UNCTAD), is scheduled to last until March 20.
+    Xuto told delegates this session of the conference
+presented a promising opportunity to conclude a new pact but it
+had to be the last before the current accord expires in
+October.
+    Xuto said in his consultations with representatives of
+major exporting and importing countries over the last few
+months, "I have found a constructive attitude and willingness to
+be flexible on the part of all concerned."
+    "It is imperative that we try to settle the major
+outstanding issues in the course of this week, since a
+considerable amount of technical drafting work will remain to
+be completed." He said he will immediately start consultations
+with producers and consumers.
+    The last October negotiations collapsed in disagreement
+over buffer stock operations.
+    Consumer demands for tighter buffer stock controls, aimed
+at preventing INRA from following the collapse of the
+International Tin Agreement (ITA), were rejected by producers
+who argued for unchanged INRA terms.
+    The tin pact failed when its buffer stock manager ran out
+of funds to support prices.
+    Three previous rounds of talks between rubber producers and
+consumers for a new five-year pact ended without agreement. The
+INRA, originally due to expire in October 1985, was extended to
+October 1987 to facilitate renegotiation.
+    Wong Kum Choon, head of the Malaysian delegation, said he
+was cautiously optimistic "that together we should be able to
+save INRA and prevent it from being scuttled."
+    Without INRA, he added, prices of natural rubber would
+become more volatile.
+    Calling on delegates to show a sense of purpose and
+reality, he said, "There is no reason why we could not put aside
+differences and come up with a successor agreement."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19578" NEWID="3156">
+<DATE> 9-MAR-1987 11:37:39.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0615&#31;reute
+r f BC-HIGHLAND-SUPERSTORES   03-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGHLAND SUPERSTORES &lt;HIGH> FEBRUARY SALES RISE</TITLE>
+<DATELINE>    TAYLOR, Mich., March 9 - </DATELINE><BODY>Highland Superstores Inc said its
+February sales rose 14 pct to 46.5 mln dlrs from 40.9 mln dlrs
+a year ago.
+    The company said on a comparable store basis, considering
+stores open for at least 24 months, sales declined 10 pct. It
+said it currently operates 53 stores.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19579" NEWID="3157">
+<DATE> 9-MAR-1987 11:38:02.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0619&#31;reute
+r f BC-USAIR-&lt;U>-AND-UNIT-RE   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> AND UNIT REMAIN UNDER MOODY'S REVIEW</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Moody's Investors Service Inc said the
+212.75 mln dlrs of debt of USAir Group Inc and its USAir Inc
+unit remain under review for possible downgrade.
+    The rating agency cited USAir Group's proposed acquisition
+of Piedmont Aviation Inc &lt;PIE>, as well as Trans World Airlines
+Inc's &lt;TWA> proposed cash merger with USAir.
+    However, the status of TWA's bid for USAir Group is
+currently uncertain. The U.S. Transportation Department has
+rejected TWA's application to acquire USAir on deficiency
+grounds, but TWA has said it will file a revised application,
+Moody's noted.
+    Under Moody's review for possible downgrade are USAir
+Group's Baa-1 senior debt and Baa-2 subordinated debentures,
+along with the USAir unit's A-3 senior debt and Baa-1
+subordinated debentures.
+    Moody's said it would examine the effects of the proposed
+mergers on USAir Group's financial measurements, as well as
+potential damage to the company's financial flexibility because
+of the probability of increased debt-service requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19580" NEWID="3158">
+<DATE> 9-MAR-1987 11:38:55.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0623&#31;reute
+r f BC-ENTERRA-&lt;EN>-CREDIT-L   03-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTERRA &lt;EN> CREDIT LINE CUT</TITLE>
+<DATELINE>    HOUSTON, Tex., March 9 - </DATELINE><BODY>Enterra Corp said its bank group
+has reduced its revolving credit agreement to 40 mln dlrs from
+60 mln dlrs.
+    Also, the company said it and its units granted the group a
+security interest in their assets.
+    Enterra said the change resulted from Enterra's previously
+announced agreement to sell its Hale Fire Pump Co and Macomson
+Machine Co for about 27 mln dlrs as part of its restructuring.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19581" NEWID="3159">
+<DATE> 9-MAR-1987 11:40:36.36</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0630&#31;reute
+f f BC-******FED-SETS-2.5-BI   03-09 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS 2.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19582" NEWID="3160">
+<DATE> 9-MAR-1987 11:42:19.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f0636&#31;reute
+u f BC-ROYAL-BANK/CANADA-EXT   03-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL BANK/CANADA EXTENDS BROKERAGE SERVICE</TITLE>
+<DATELINE>    MONTREAL, March 9 - </DATELINE><BODY>Royal Bank of Canada &lt;RT.TO>  said it
+is extending its discount brokerage service which has been
+available to Ontario residents since last year, to Quebec
+investors.
+    The bank said the success of the Ontario service is also
+prompting it to consider making the service available in
+several other provinces.
+    Royal Bank said the service offers cuts of up to 75 pct on
+standard brokerage commissions, toll-free, up-to-the-minute
+stock quotes, and margin loans in U.S. or Canadian dollars at
+competitive rates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19583" NEWID="3161">
+<DATE> 9-MAR-1987 11:44:24.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0648&#31;reute
+u f BC-BALLY   03-09 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY &lt;BLY> TO TAKE 17.3 MLN DLR 1ST QTR CHARGE</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>Bally Manufacturing Corp said it
+expects a charge to earnings in the first quarter of this year
+of 17.3 mln dlrs as a result of its deal to buy back 2.6 mln of
+its common shares from real estate developer Donald Trump.
+    In a filing with the Securities and Exchange Commission,
+the Chicago-based hotel, casino, gambling and amusement concern
+also said the anticipated charge against first quarter earnings
+will not be deductible for federal income tax purposes.
+    Under a February 21 deal, Bally agreed to buy 2.6 mln of
+the 3.06 mln shares held by Trump at 24 dlrs a share, or 62.4
+mln dlrs, while Trump agreed not to try to seek control of
+Bally.
+    The agreement also calls for Bally to pay Trump another 6.2
+mln dlrs for certain agreements, claims and expenses related to
+his purchase of the Bally common stock, Bally said.
+    Trump agreed not to buy any more Bally stock or to try to
+seek control of the company for 10 years, it said.
+    Bear, Stearns and Co Inc signed a similar standstill
+agreement with Bally for three years, Bally said. But it can
+still deal in Bally stock as a broker, it said.
+    The deal also obligates Bally to buy Trump's remaining
+stake in the company for 33 dlrs a share if the stock price
+does not reach that level by February 21, 1988, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19584" NEWID="3162">
+<DATE> 9-MAR-1987 11:45:50.77</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E
+&#22;&#22;&#1;f0651&#31;reute
+b f BC-******SHELL-CANADA-SA   03-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SHELL CANADA SAID IT RAISED CRUDE PRICES BY 47 CANADIAN CTS A BARREL TODAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19585" NEWID="3163">
+<DATE> 9-MAR-1987 11:48:07.88</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0658&#31;reute
+u f BC-hudson-bay-zinc-price   03-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUDSON BAY MINING CUTS U.S., CANADA ZINC PRICES</TITLE>
+<DATELINE>    TORONTO, March 9 - </DATELINE><BODY>Hudson Bay Mining and Smelting Co Ltd
+said it cut prices for all grades of zinc sold in North America
+by one U.S. cent a pound and by one Canadian cent a pound,
+effective immediately.
+    The new price for high grade zinc is 37 U.S. cents and
+49-1/2 Canadian cents a pound, the company said.
+    Special high grade, prime western and continuous
+galvanizing grade with controlled lead now costs 37-1/2 U.S.
+cents and 50 Canadian cents a pound. The new price for
+continuous galvanizing grade alloyed with controlled lead and
+aluminum additions is 37-3/4 U.S. cents and 50-1/4 Canadian
+cents a pound.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19586" NEWID="3164">
+<DATE> 9-MAR-1987 11:49:35.16</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0663&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-09 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange 2.5 billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at 6-3/16 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19587" NEWID="3165">
+<DATE> 9-MAR-1987 11:50:12.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0664&#31;reute
+f f BC-******WHITE-HOUSE-SPO   03-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE SPOKESMAN REITERATES PRESIDENT REAGAN'S OPPOSITION TO TAX HIKE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19588" NEWID="3166">
+<DATE> 9-MAR-1987 11:51:42.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0668&#31;reute
+d f BC-COURT-REJECTS-BUITONI   03-09 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT REJECTS BUITONI APPEAL OVER IRI FOOD UNIT</TITLE>
+<DATELINE>    ROME, March 9 - </DATELINE><BODY>An appeal by Buitoni SpA against a court
+ruling that an accord under which it was to acquire Italian
+state food firm SME - Societa Meridionale Finanziaria was not
+contractually binding has been rejected, court officials said.
+    An appeal court rejected Buitoni's claim that the 497
+billion lire accord with the state industrial company IRI -
+Istituto per la Ricostruzione Industriale was a binding
+contract. The decision upholds a court ruling of last July.
+    Buitoni is controlled by CIR - Compagnie Industriali
+Riunite, an investment company itself controlled by Ing C
+Olivetti EC SpA (OLIV.MI> chairman Carlo De Benedetti.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19589" NEWID="3167">
+<DATE> 9-MAR-1987 11:52:09.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0670&#31;reute
+d f BC-AMERICAN-ELECTRIC-&lt;AE   03-09 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ELECTRIC &lt;AEP> PLANT TO BE SHUT DOWN</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 9 - </DATELINE><BODY>American Electric Power Co
+(AEP) said its 1.3 mln kilowatt Mountaineer Plant at New Haven,
+W. Va., will be taken out of operation March 13 for routine
+maintenance.
+    AEP said Mountaineer is owned and operated by Appalachian
+Power Co, one of the AEP System's seven operating companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19590" NEWID="3168">
+<DATE> 9-MAR-1987 11:53:32.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0677&#31;reute
+r f BC-ALLEGHENY-&lt;AG>-AIMS-T   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY &lt;AG> AIMS TO DIVEST MORE BUSINESSES</TITLE>
+<DATELINE>   PITTSBURGH, Penn., March 9 - </DATELINE><BODY>Allegheny International Inc,
+the consumer products concern that today announced a merger
+agreement with a First Boston Corp &lt;FBC> affiliate in a deal
+worth about 500 mln dlrs, said it intends to divest more units
+as a way to increase profits.
+    "We're going to reduce AI to a size consistent with our
+financial resources," said Chairman Oliver S. Travers.
+    "We have made a conscious, strategic choice to become a
+smaller, financially sound, consumer products company which
+operates predominantly in the stable political and economic
+environment of North America," he said.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19591" NEWID="3169">
+<DATE> 9-MAR-1987 11:53:58.61</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0679&#31;reute
+r f BC-HAMILTON-OIL-&lt;HAML>-S   03-09 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAMILTON OIL &lt;HAML> SAYS RESERVES RISE</TITLE>
+<DATELINE>    DENVER, March 9 - </DATELINE><BODY>Hamilton Oil Corp said reserves at the
+end of 1986 were 59.8 mln barrels of oil and 905.5 billion
+cubic feet of natural gas, or 211 mln barrels equivalent, up 10
+mln equivalent barrels from a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19592" NEWID="3170">
+<DATE> 9-MAR-1987 11:54:58.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0683&#31;reute
+u f BC-COMPUTER-SCIENCES-&lt;CS   03-09 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER SCIENCES &lt;CSC> JOINS ATT &lt;T> ON BID</TITLE>
+<DATELINE>    EL SEGUNDO, Calif., March 9 - </DATELINE><BODY>Computer Sciences Corp said
+it has joined American Telephone and Telegraph on a bid for a
+4.50-billion-dlr, ten-year contract to provide the federal
+government with a telecommunications network.
+    AT and T will be the prime contractor. The General Services
+Administration will award the contract by the end of the year.
+    Computer Sciences Corp will be responsible for design,
+development and maintenance of a software system that would
+issue customer bills under the contract.
+    AT and T said it is also using resources from Boeing Co
+&lt;BA> and seven regional holding companies that were formerly
+Bell Operating Co's for work on the contract bid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19593" NEWID="3171">
+<DATE> 9-MAR-1987 11:56:14.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0689&#31;reute
+r f BC-ROHR-&lt;RHR>-SELLS-DEBE   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROHR &lt;RHR> SELLS DEBENTURES AT 9-1/4 PCT</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Rohr Industries Inc is raising 150 mln
+dlrs through an offering of subordinated debentures due 2017
+with a 9-1/4 pct coupon and par pricing, said lead manager
+Dillon, Read and Co Inc.
+    That is 160 basis points over the yield of the off-the-run
+9-1/4 pct Treasury bonds of 2016. Non-refundable for 10 years,
+the issue is rated Baa-2 by Moody's and BBB by S and P.
+    A sinking fund beginning in 1998 to retire five pct of the
+debt annually can be increased by 200 pct at the company's
+option, giving the debentures an estimated minimum life of 13.9
+years and estimated maximum life of 20.5 years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19594" NEWID="3172">
+<DATE> 9-MAR-1987 11:56:26.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0690&#31;reute
+d f BC-LIFE-TECHNOLOGIES-&lt;LT   03-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFE TECHNOLOGIES &lt;LTEK> IN LICENSING AGREEMENT</TITLE>
+<DATELINE>    GAITHERSBURG, Md., March 9 - </DATELINE><BODY>Life Technologies Inc said it
+signed a two mln dlr technology transfer and licensing
+agreement with Toray Industries Inc, a Tokyo-based maker of 
+synthetic fibers and industrial, consumer and medical products.
+    Under terms of the agreement, Life said Toray purchased
+exclusive rights to market Life's hepatitus B detection
+technology in Japan, Korea and Taiwan.
+    Moreover, Life said the companies agreed to begin a joint
+research and development program to develop other human
+diagnostic products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19595" NEWID="3173">
+<DATE> 9-MAR-1987 11:57:05.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0693&#31;reute
+b f BC-UAL'S-&lt;UAL>-AIRLINE-F   03-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL'S &lt;UAL> AIRLINE FEBRUARY LOAD FACTOR RISES</TITLE>
+<DATELINE>    CHICAGO, March 9 - </DATELINE><BODY>UAL Inc said its United Airlines unit's
+load factor for February rose to 63.2 pct from 58.9 pct the
+year before.
+    The airline said scheduled capacity for the month rose 27.7
+pct to 7.60 billion available seat miles from 5.95 billion,
+while traffic rose 37 pct to 4.80 revenue passenger miles from
+3.50 billion.
+    February 1987 figures include its new Pacific routes
+acquired from Pan American World Airways in early 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19596" NEWID="3174">
+<DATE> 9-MAR-1987 11:57:57.81</DATE>
+<TOPICS><D>acq</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0700&#31;reute
+r f BC-GRAHAM-MCCORMICK-&lt;GOP   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAHAM-MCCORMICK &lt;GOP> SELLS OIL AND GAS STAKE</TITLE>
+<DATELINE>    COVINGTON, La., March 9 - </DATELINE><BODY>Graham-McCormick Oil and Gas
+Partnership said it completed the sale of interests in two
+major oil and gas fields to &lt;Energy Assets International Corp>
+for 21 mln dlrs.
+    The company said it sold about one-half of its 50 pct
+interest in the Oak Hill and North Rucias fields, its two
+largest producing properties.
+    It said it used about 20 mln dlrs of the proceeds to prepay
+principal on its senior secured notes. Semi-annual principal
+payments on the remaining 40 mln dlrs of notes have been
+satisfied until December 1988 as a result, it said.
+    The company said the note agreements were amended to
+reflect an easing of some financial covenants, and an increase
+of interest to 13.5 pct from 13.0 pct until December 1990.
+    It said the noteholders exercise price for 1,125,000
+warrants was also reduced to 50 cts from 1.50 dlrs.
+    The company said Energy Assets agreed to share the costs of
+increasing production at the Oak Hill field.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19597" NEWID="3175">
+<DATE> 9-MAR-1987 11:58:32.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0705&#31;reute
+r f BC-FUJITSU-LIMITED-UNIT   03-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUJITSU LIMITED UNIT SIGNS JOINT VENTURE PACT</TITLE>
+<DATELINE>    SAN JOSE, Calif., March 9 - </DATELINE><BODY>&lt;Fujitsu America Inc>, a
+subsidiary of Fujitsu Ltd, said it will form a joint company
+with &lt;GTE Communication System> to develop and market voice and
+data business communication systems to the North American
+market place.
+    The new company, Fujitsu GTE Business Systems Inc, will be
+headquartered in Tempe, Ariz., and is scheduled to begin
+operations April 11. Fujitsu said the new company will be 80
+pct owned by Fujustu of America and 20 pct by GTE
+Communication.
+    No other terms of the financial transaction were being
+disclosed, the company said.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19598" NEWID="3176">
+<DATE> 9-MAR-1987 11:58:45.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0707&#31;reute
+u f BC-ADVANCED-TOBACCO-&lt;ATP   03-09 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED TOBACCO &lt;ATPI> MERGER TALKS END</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, March 9 - </DATELINE><BODY>Advanced Tobacco Products Inc
+said it has ended talks on being acquired by Sterling Drug Inc
+&lt;STY> but has resumed acquisition talks with other parties.
+    The company had previously announced that a "major U.S.
+based company" that it did not identify was evaluating its
+nicotine technology.
+    Advanced said Sterling's board has decided not to enter the
+nicotine product market.
+    It said it received a 200,000 dlr payment to deal
+exclusively with Sterling through March Six.
+    Advanced said it had suspended merger talks with other
+parties as a result of the exclusivity agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19599" NEWID="3177">
+<DATE> 9-MAR-1987 11:58:53.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0708&#31;reute
+r f BC-BERTELSMANN-TO-MARKET   03-09 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERTELSMANN TO MARKET APPLE SOFTWARE IN GERMANY</TITLE>
+<DATELINE>    GUETERSLOH, West Germany, March 9 - </DATELINE><BODY>Mixed media group
+Bertelsmann AG &lt;BETG.F> said its subsidiary Publicsoft GmbH has
+agreed to market Apple Computer Inc's &lt;AAPL.O> software
+products to the specialized West German computer retail trade.
+    The cooperation agreement between Publicsoft and Apple's
+West German subsidiary Apple Computer GmbH did not involve
+either company taking any kind of financial stake in the other,
+a Bertelsmann spokesman said.
+    He declined to say how much the agreement was worth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19600" NEWID="3178">
+<DATE> 9-MAR-1987 11:59:01.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0709&#31;reute
+r f BC-MTECH-&lt;MTCH>-FILES-CO   03-09 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MTECH &lt;MTCH> FILES CONVERTIBLE DEBT OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>MTech Corp said it filed with the
+Securities and Exchange Commission a registration statement
+covering a 75 mln dlr issue of convertible subordinated
+debentures due 2012.
+    The company named Alex Brown and Sons Inc as lead manager,
+with First Boston Corp and Shearson Lehman Brothers Inc as
+co-managers, of the offering.
+    MTech said it granted the underwriters an option to buy an
+additional 11.25 mln dlrs in principal amount of the debentures
+to cover over-allotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19601" NEWID="3179">
+<DATE> 9-MAR-1987 11:59:29.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0713&#31;reute
+h f BC-BRITISH-AIRWAYS-&lt;BAB>   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AIRWAYS &lt;BAB> OFFERING HOLIDAY PACKAGE</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>British Airways said it is introducing
+a short-stay fare, called "On The Town," permitting passengers
+to book a theater holiday in London at the last minute and
+spend up to four days in England.
+    British Airways said the packages are available beginning
+today and ending April 16 from New York, Boston, Chicago, and
+Detroit for 468 dlrs midweek and 518 dlrs on weekends.
+    The airline also said packages from Pittsburgh, Baltimore
+and Washington, D.C. will be priced at 499 dlrs midweek and 549
+dlrs on weekends, and Philadelphia for 479 dlrs midweek and 529
+on weekends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19602" NEWID="3180">
+<DATE> 9-MAR-1987 11:59:42.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0714&#31;reute
+r f BC-T.H.E.-FITNESS-&lt;RFIT>   03-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>T.H.E. FITNESS &lt;RFIT> BUYS LIVINGWELL UNIT</TITLE>
+<DATELINE>    FORT LAUDERDALE, FLa, March 9 - </DATELINE><BODY>T.H.E. Fitness INc said it
+agreed to buy Livingwell Inc's manufacturing unit, Powercise
+INternational Inc, for 11.0 mln T.H.E. Fitness shares valued at
+about 30 mln dlrs.
+    This acquisition includes all of Livingwell's rights to its
+recently announced Powercise fitness equipment.
+    IN a separate transaction, Livingwell INc, an operator of
+300 health clubs, placed a six mln dlrs order with Powercise
+INternational to install the Powercise equipment in all of its
+clubs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19603" NEWID="3181">
+<DATE> 9-MAR-1987 12:01:04.22</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0717&#31;reute
+u f BC-EXXON-&lt;XON>-RAISES-HE   03-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> RAISES HEATING OIL PRICE, TRADERS</TITLE>
+<DATELINE>    NEW YORK, March 9 -- </DATELINE><BODY>Oil traders in the New York area said
+Exxon Corp's Exxon U.S.A. increased the price it charges
+contract barge customers for heating oil in New York harbor by
+1.5 cts a gallon, effective Saturday, March 7.
+    They said the increase brought Exxon's contract barge price
+to 50 cts a gallon.
+    Traders said the price hike followed higher spot and
+futures market prices for heating oil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19604" NEWID="3182">
+<DATE> 9-MAR-1987 12:01:47.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0721&#31;reute
+u f BC-RLR-FINANCIAL-&lt;RLRF>   03-09 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RLR FINANCIAL &lt;RLRF> TO BE DELISTED FROM NASDAQ</TITLE>
+<DATELINE>    LAUDERHILL, Fla., March 9 - </DATELINE><BODY>RLR Financial Serivces Inc said
+the National Association of Securities Dealers intends to
+delist it because the NASD beleieves market sales of RLR's
+broker/dealer subsidiary, RLR Securities Group Inc, are not
+being made under an effective registration statement, as
+required by the Securities Act of 1933.
+    RLR said the NASD intends to delist it on March 12 unless
+RLR demonstrates compliance with the law.
+    RLR said it believes the action is without merit because
+there is an effective registration statement for the RLR
+Financial securities involved, and it intends to defend itself
+in the matter.
+    RLR said it has asked the NASD to stay any deletion of its
+securities from NASDAQ pending its continuous review of the
+matter and a possibility of a hearing on the merits.
+    RLR said it has stopped market making in its own securities
+pending resolution of the matter.  It said a delisting from
+NASDAQ could have an adverse effect on the market and prices
+for its securities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19605" NEWID="3183">
+<DATE> 9-MAR-1987 12:02:46.06</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0728&#31;reute
+r f BC-hudson-bay-zinc-price   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUDSON BAY MINING CUTS U.S., CANADA ZINC PRICES</TITLE>
+<DATELINE>    TORONTO, March 9 - </DATELINE><BODY>&lt;Hudson Bay Mining and Smelting Co Ltd>
+said it cut prices for all grades of zinc sold in North America
+by one U.S. ct a pound and by one Canadian ct a pound,
+effective immediately.
+    The new price for high grade zinc is 37 U.S. cts and 49-1/2
+Canadian cts a pound, the company said.
+    Special high grade, prime western and continuous
+galvanizing grade with controlled lead now costs 37-1/2 U.S.
+cts and 50 Canadian cts a pound. The new price for continuous
+galvanizing grade alloyed with controlled lead and aluminum
+additions is 37-3/4 U.S. cts and 50-1/4 Canadian cts a pound.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19606" NEWID="3184">
+<DATE> 9-MAR-1987 12:03:09.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0731&#31;reute
+u f BC-BANKAMERICA-&lt;BAC>-COM   03-09 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> COMPLETES MORTGAGE UNIT SALE</TITLE>
+<DATELINE>    SAN FRANCISCO, March 9 - </DATELINE><BODY>BankAmerica Corp's Bank of America
+unit said it completed the previously announced sale of
+BankAmerica Finance Ltd to &lt;Bank of Ireland> for an expected
+pre-tax gain of 23 mln dlrs.
+    BankAmerica Finance provides residential mortgages in south
+east England.
+    Its total assets at the end of 1986 were about 1.2 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19607" NEWID="3185">
+<DATE> 9-MAR-1987 12:03:21.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0732&#31;reute
+b f BC-ROLLS-ROYCE-SEEKS-250   03-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROLLS ROYCE SEEKS 250 MLN STG CREDIT FACILITY</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Rolls Royce, the U.K.'s state-owned car
+and aircraft engine maker, is seeking a 250 mln stg multiple
+option facility to provide it with additional sources of
+financing, banking sources said.
+    They said the facility, which will be syndicated among a
+small group of the borrower's relationship banks, is being put
+in place ahead of the privatisation of Rolls Royce in April or
+May. At the borrower's request, terms will not be disclosed
+until later this week, when bankers expect the syndication to
+close. But while the terms are in line with the market, they
+are somewhat tight, bankers said.
+    The bankers noted that although Rolls Royce's debt will be
+negligible after privatisation it wants to have a range of
+financing arrangements available to allow it to take advantage
+of market opportunities when they become available.
+    The financing will involve a 150 mln stg five-year
+committed tranche and will be backed by an uncommitted tender
+panel through which Rolls Royce will be able to issue bills or
+multi-currency advances.
+    S.G. Warburg and Co Ltd is arranger for the financing, the
+bankers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19608" NEWID="3186">
+<DATE> 9-MAR-1987 12:03:36.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0734&#31;reute
+b f BC-******SUPERMARKETS-GE   03-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SUPERMARKETS GENERAL GETS UNSOLICITED BID FOR 41.75 DLRS/SHR CASH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19609" NEWID="3187">
+<DATE> 9-MAR-1987 12:04:12.69</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0737&#31;reute
+b f BC-BRAZILIAN-TREASURY-TO   03-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL TREASURY TO RELEASE COFFEE BUYING FUNDS</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 9 - </DATELINE><BODY>The Treasury Department is due to
+release funds for the Brazilian Coffee Institute, IBC, to pay
+for the coffee purchased from local producers, the IBC said in
+a statement.
+    IBC production director Oripes Gomes said in the statement
+that payment would be made within the official guarantee
+prices.
+    The statement said the IBC is sending a document to the
+National Monetary Council asking the government to set a budget
+for the purchase by the Institute of up to five mln bags of
+coffee until June 30.
+    Gomes said in the statement there have been no problems in
+the concession of funds by the Treasury for payment of the
+coffee delivered to the IBC warehouses by the producers.
+    He said producers have already delivered 2.2 mln bags, of
+which 1.5 mln bags have been paid for.
+    In the future, according to an agreement to be signed with
+the Treasury, the Institute will no longer need to seek
+approval by the Treasury to seek the release of additional
+funds to buy coffee, the statement said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19610" NEWID="3188">
+<DATE> 9-MAR-1987 12:04:36.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0741&#31;reute
+u f BC-GERMAN-BANKS-SAY-COMP   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKS SAY COMPANY HOLDINGS FALLING</TITLE>
+<AUTHOR>    By Jonathan Lynn, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 9 - </DATELINE><BODY>West German private banks, in the
+latest twist in a long-running battle over the size of their
+holdings in industry, have said the holdings were falling and
+rejected calls for tighter limits on these participations.
+    Under West Germany's banking system, banks can hold shares
+in non-banking companies giving them seats on company
+supervisory boards, and administer the holdings of small
+shareholders in safe custody accounts.
+    Holdings of over 25 pct, which give a veto right in the
+supervisory board of a company, must be disclosed.
+    "The claim that the concentration of power has intensified,
+as made by the Monopolies Commission, therefore turns out not
+to be accurate ... There is no reason to impose further legal
+restrictions on the acquisition of holdings by banks," it said.
+    The Association's letter is the latest skirmish in a long
+running battle between banks on the one hand and a range of
+government offices and political lobbies on the left and right.
+    The number of holdings above 10 pct in public companies
+with a nominal share capital of over one mln marks held by
+these 10 banks fell to 86 in 1986 from 129 in 1976, it said.
+    Of these 43 reductions, 41 represented holdings of over 25
+pct in 1976. The banks' holdings of nominal share capital fell
+to 1.70 billion marks in 1986, or 1.34 billion adjusted for
+capital changes in the past 10 years from 1.80 billion in 1976.
+    Over this period total West German nominal share capital
+rose to 235 billion marks from 136 billion, so that the holding
+of banks in German companies fell to 0.7 pct from 1.3 pct.
+    The nominal share capital of listed non-bank companies rose
+to an estimated 49 billion marks in 1986 from 35.58 billion in
+1976, with banks' holdings falling to 1.57 billion marks or 3.2
+pct from 1.61 billion marks or 4.5 pct, the Association said.
+    It argued that bank representatives were in a minority on
+the supervisory boards of the 100 biggest German companies, and
+in most cases could be blocked by non-banking representatives.
+    The survey covered Deutsche Bank AG &lt;DBKG.F>, Dresdner Bank
+AG &lt;DRSD.F>, Commerzbank AG &lt;CBKG.F>, Bayerische Vereinsbank AG
+&lt;BVMG.F> and Bayerische Hypotheken- und Wechsel-Bank AG
+&lt;BHWG.F>.
+    It also covered Berliner Handels- und Frankfurter Bank
+&lt;BHFG.F>, &lt;Berliner Bank AG>, &lt;Industriekreditbank AG>,
+Vereins- und Westbank AG &lt;VHBG.F> and &lt;Baden-Wuerttembergische
+Bank AG>.
+    Deutsche holds by far the largest number of such stakes,
+including 28.5 pct of Daimler-Benz AG &lt;DAIG.F>.
+    Criticism of the bank holdings has not only come from the
+Monopolies Commission and left-wing parties. An advisory
+commission, in a report late last year to the Economics
+Ministry, urged implementation of the five pct proposed by the
+Monopolies Commission to promote competition and avoid interest
+conflicts.
+    The Economics Ministry has been controlled by the liberal
+Free Democrat Party, junior partner in the centre-right
+coalition government and increasingly in favour of
+deregulation.
+    Furthermore the West German Supreme Court recently
+supported an action by a private Deutsche shareholder demanding
+more transparency in the bank's balance sheet.
+    The shareholder argued that the bank's ability to declare
+industrial stakes of more than 25 pct as only temporary
+holdings evaded the statutory requirement to report them in
+full. If a bank declares stakes temporary it does not have to
+disclose them but can include them under securities holdings.
+    The case is due to be heard again by the Frankfurt higher
+regional court.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19611" NEWID="3189">
+<DATE> 9-MAR-1987 12:07:44.70</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E
+&#22;&#22;&#1;f0759&#31;reute
+u f BC-SHELL-CANADA-&lt;SHC>-RA   03-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL CANADA &lt;SHC> RAISED CRUDE OIL POSTINGS</TITLE>
+<DATELINE>    NEW YORK, MARCH 9 - </DATELINE><BODY>Shell Canada, a wholly owned subsidiary
+of the Royal Dutch/Shell Group &lt;RD> said that it raised crude
+oil prices by about 47 Canadian cts a barrel today.
+    The increase riased its posted price for Light sweet crude
+oil to 21.95 dlrs a barrel from its march one level.
+    Light sour crudes were raised to 19.95 dlrs a barrel, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19612" NEWID="3190">
+<DATE> 9-MAR-1987 12:08:37.97</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>ghana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0764&#31;reute
+b f BC-Ghana-cocoa-purchases   03-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GHANA COCOA PURCHASES 1,323 TONNES IN  LATEST WEEK, CUMULATIVE 216,095 TONNES - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19613" NEWID="3191">
+<DATE> 9-MAR-1987 12:09:33.43</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sugar</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0771&#31;reute
+u f BC-/MGE-CORN-SYRUP-FUTUR   03-09 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MGE CORN SYRUP FUTURES CONTRACT CLEARS HURDLE</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The staff of the Commodity Futures
+Trading Commission, CFTC, recommended that the regulatory
+agency approve the Minneapolis Grain Exchange's application to
+trade high fructose corn syrup-55, HFCS-55, futures contracts.
+    The commission is expected to approve the application at a
+meeting tomorrow.
+    The proposed contract would provide for the delivery of
+48,000 lbs, plus or minus two pct, of bulk HFCS-55, a liquid
+food and beverage sweetener produced through processed corn
+starch by corn refiners.
+    Under proposed rules, a shipping certificate has a limited
+life, as it expires 30 days following the last day of trading
+of the expiring contract month. A premium charge of 14.40 dlrs
+per contract per day would be assessed under the proposal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19614" NEWID="3192">
+<DATE> 9-MAR-1987 12:11:12.63</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0783&#31;reute
+u f BC-WORLD-BANK-TO-BRING-B   03-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK TO BRING BORROWING FORWARD THIS YEAR</TITLE>
+<DATELINE>    FRANKFURT, March 9 - </DATELINE><BODY>The World Bank intends to bring
+borrowing forward into the first half of 1987 because it
+expects global interest rates to rise by year end, World Bank
+vice president and treasurer Eugene Rotberg said.
+    He told a news conference that rates in the U.S., Japan,
+West Germany and Switzerland were near their lows. "The weight
+of opinion is (that in a year from now) there is a higher
+probability there will be one pct higher than one pct lower
+interest rates," he said.
+    The World Bank had not issued floating rate notes so far
+this year because of the expectation of higher interest rates.
+    The policy of the World Bank was to maintain liquidity at a
+level that gave the bank flexibility to decide when, where and
+how much to borrow, Rotberg said.
+    Cash in hand was now about 50 pct of the next three years'
+anticipated net requirement and comprised 25 pct of outstanding
+debt and 66 pct of its debt maturing within five years.
+    Although the World Bank had pioneered the swap market, it
+did not intend to launch new financial instruments just for the
+sake of innovation, Rotberg said.
+    Of a total of 74.5 billion dlrs debt outstanding, only some
+eight billion had been swapped into another currency.
+    Many recent innovations were either unfair to investors or
+unfair to borrowers. Until the World Bank was confident that
+this was not the case, it would not adopt new instruments.
+    The World Bank would raise 90 pct of the funds needed over
+the next year with methods used before, Rotberg said. However,
+for some 10 pct of new requirements the bank would try out new
+instruments such as bonds with warrants.
+    The World Bank had publicly offered 60 bonds in Germany
+since the first issue was launched in 1959, he said.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19615" NEWID="3193">
+<DATE>  9-MAR-1987 12:14:01.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0800&#31;reute
+r f BC-COMAIR-&lt;COMR>-FEBRUAR   03-09 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMAIR &lt;COMR> FEBRUARY LOAD FACTOR FALLS</TITLE>
+<DATELINE>    CINCINNATI, March 9 - </DATELINE><BODY>Comair Inc said February load factor
+fell to 34.6 pct from 38.0 pct a year before.
+    The company said revenue passenger miles rose 9.5 pct to
+10.9 mln from 9,962,399 a year before and available seat miles
+rose 20.3 pct to 31.5 mln from 26.2 mln.
+    For the year to date, it said load factor fell to 36.2 pct
+from 40.3 pct a year before, as revenue passenger miles rose
+3.3 pct to 119.1 mln from 115.3 mln and available seat miles
+rose 15.0 pct to 328.5 mln from 285.7 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19616" NEWID="3194">
+<DATE> 9-MAR-1987 12:14:26.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0804&#31;reute
+d f BC-SERVICEMASTER-&lt;SVM>-S   03-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVICEMASTER &lt;SVM> SETS QUARTER DISTRIBUTION</TITLE>
+<DATELINE>    DOWNERS GROVE, ILL., March 9 - </DATELINE><BODY>ServiceMaster L.P. approved
+a second quarter cash distribution of 58 cts, payable April 10,
+record March 23.
+    Previously, ServiceMaster said it would pay in 1987 an
+indicated cash distribution of 1.50 dlrs a share, including  95
+cts a share which would be paid before April 15, 1987.
+    In other action, the company set May eight as the date of
+its annual shareholders' meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19617" NEWID="3195">
+<DATE> 9-MAR-1987 12:14:39.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0806&#31;reute
+d f BC-EC-FARMERS'-INCOMES-R   03-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FARMERS' INCOMES ROSE SLIGHTLY IN 1986</TITLE>
+<DATELINE>    LUXEMBOURG, March 9 - </DATELINE><BODY>Disposable income available to people
+employed in European Community agriculture rose 0.9 pct in 1986
+after an 8.8 pct fall the previous year, the EC statistics
+agency Eurostat said in a report.
+    It said income available to farm holders and members of
+their family working on the holding rose 2.5 pct after a 13.9
+pct fall in 1985.
+    Eurostat said the reason for the increases was higher
+production, with a 1.6 pct increase in crop output and a 0.7
+pct rise in animal products compared with 1985.
+    However, Eurostat added a 1.6 pct fall in prices for animal
+products was more than offset by a 3.1 pct increase in those
+for crops.
+    It said income changes varied widely across the EC in 1986.
+Disposable income of all those employed in agriculture rose
+12.9 pct in West Germany but fell 7.8 pct in Denmark, while
+income available to holders and their families rose 17.0 pct in
+Britain but fell 9.7 pct in Ireland.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19618" NEWID="3196">
+<DATE> 9-MAR-1987 12:14:53.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0808&#31;reute
+d f BC-OEA-&lt;OEA>-GETS-SPACE   03-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OEA &lt;OEA> GETS SPACE SHUTTLE SYSTEM CONTRACT</TITLE>
+<DATELINE>    DENVER, COLO., March 9 - </DATELINE><BODY>OEA Inc said it received from a
+division of Rockwell International Inc &lt;ROK>, a contract to
+design and develop a space shuttle egress slide system which
+could be used under post-mission landing conditions.
+    OEA said its Inflation Systems International Inc subsidiary
+will produce ten of the post-landing emergency egress slides.
+The system is expected to allow the crew to exit the space
+shuttle through a side hatch on the left side of the crew's
+compartment, it said.
+    "There is no showing that (the owners') reasonable
+investment-backed expectations have been materially affected by
+the additional duty to retain the small percentage that must be
+used to support the structures protected by (the law)," Justice
+John Paul Stevens wrote for the court's majority.
+    He was joined by Justices William Brennan, Byron White,
+Thurgood Marshall and Harry Blackmun.
+    However, Chief Justice William Rehnquist, joined by
+Justices Lewis Powell, Sandra O'Connor and Antonin Scalia,
+argued that the law deprived the owners of constitutionally
+guaranteed protections.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19619" NEWID="3197">
+<DATE> 9-MAR-1987 12:15:29.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0812&#31;reute
+h f BC-&lt;WERTHEIM-SCHRODER-AN   03-09 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WERTHEIM SCHRODER AND CO INC> NAMES PRESIDENT</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Wertheim Schroder and Co Inc said it
+appointed Steven Kotler, 40, president of the investment
+banking and securities firm.
+    Wertheim said Kotler has been a managing director and
+member of the executive committee of the firm, which is 50 pct
+owned by &lt;Schroders PLC> of the United Kingdom and 50 pct owned
+by Wertheim partners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19620" NEWID="3198">
+<DATE> 9-MAR-1987 12:15:42.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0813&#31;reute
+b f BC-WALL-STREET-STOCKS/CH   03-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/CHRYSLER &lt;C>, AMC &lt;AMO></TITLE>
+<DATELINE>    DETROIT, March 9 - </DATELINE><BODY>The proposed 757 mln dlr deal under
+which Chrysler Corp would acquire American Motors Corp was
+described by analysts as a reasonable deal for both companies.
+    Ronald Glantz of Montgomery Securities said AMC common
+stock could be fairly valued at "just under five dlrs a share"
+given changes brought by tax reform and that Chrysler's offer
+to pay four dlrs a share of Chrysler stock to AMC holders other
+than Renault as a "a good price for Chrysler.
+    AMC common shares opened at four dlrs this morning after
+the Renault-Chrysler announcement, up 3/8, while Chrysler
+shares lost 1/4 to 52-1/4.
+    Though AMC issued a statement saying that it was studying
+the proposed buyout and had no other comment, Glantz said he
+regarded the proposal as a "done deal" because "I can't believe
+anybody else would make a bid."
+    "It's a reasonable deal for both sides," the analyst told
+Reuters.
+    "Chrysler gets the jeep franchise and the (new AMC)
+Bramalea, Ontario, plant and the (new Renault) Premier
+(mid-sized car) and AMC's sales will go up because buyers will
+have more confidence that the manufacturer will still be around
+to service the products," Glantz said.
+    Analyst Thomas O'Grady said Chrysler would be getting more
+manufacturing capacity, including a brand-new plant in Canada,
+for a bargain price and Renault would be getting some return
+after its prolonged loss-making investment in AMC.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19621" NEWID="3199">
+<DATE> 9-MAR-1987 12:19:11.97</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>south-korea</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0835&#31;reute
+r f BC-KOREANS-TO-BUY-1.8-BI   03-09 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOREANS TO BUY 1.8 BILLION DLRS IN U.S. GOODS</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>South Korean Foreign Trade Minister
+Rah Woon Bae said his country's firms have agreed to buy 1.8
+billion dlrs worth of U.S. goods during his two-week buying
+trip to the United States.
+    Rah said most of the purchases represented shifts from
+Japanese firms to U.S. firms as part of South Korea's effort to
+reduce its seven billion dlr trade surplus with the United
+States.
+    South Korea has a five billion dlr trade deficit with
+Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19622" NEWID="3200">
+<DATE> 9-MAR-1987 12:19:34.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0839&#31;reute
+d f BC-TRUST-AMERICA-&lt;TRUS>   03-09 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRUST AMERICA &lt;TRUS> SETS CREDIT LINE</TITLE>
+<DATELINE>    ST. PETERSBURG, Fla., March 9 - </DATELINE><BODY>Trust America Service Corp
+said it signed an agreement with the First Union Bank of
+Florida for a 35 mln dlr mortgage warehouse credit line.
+    It said the new agreement more than doubles its previous 14
+mln dlrs line of credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19623" NEWID="3201">
+<DATE> 9-MAR-1987 12:19:41.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0840&#31;reute
+h f BC-VTX-&lt;VTX>-TO-DISTRIBU   03-09 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VTX &lt;VTX> TO DISTRIBUTE ATT &lt;T> PRODUCTS</TITLE>
+<DATELINE>    FARMINGDALE, N.Y., March 9 - </DATELINE><BODY>VTX Electronics Corp said it
+signed a distribution agreement with American Telephone and
+Telegraph Co under which it will act as an agent for ATT's
+electronic cable and wire, fiber-optic cable and related
+products to original equipment manufacturers in the Northeast.
+    Terms of the contract, reached with ATT's Network Systems
+Group, were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19624" NEWID="3202">
+<DATE> 9-MAR-1987 12:19:51.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0841&#31;reute
+h f BC-ROLLS-ROYCE-SEEKS-250   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROLLS ROYCE SEEKS 250 MLN STG CREDIT FACILITY</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Rolls Royce, the U.K.'s state-owned car
+and aircraft engine maker, is seeking a 250 mln stg multiple
+option facility to provide it with additional sources of
+financing, banking sources said.
+    They said the facility, which will be syndicated among a
+small group of the borrower's relationship banks, is being put
+in place ahead of the privatisation of Rolls Royce in April or
+May. At the borrower's request, terms will not be disclosed
+until later this week, when bankers expect the syndication to
+close. But while the terms are in line with the market, they
+are somewhat tight, bankers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19625" NEWID="3203">
+<DATE> 9-MAR-1987 12:19:59.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0842&#31;reute
+w f BC-SPECTRUM-DIGITAL-&lt;SPD   03-09 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPECTRUM DIGITAL &lt;SPDG> INSTALLS FIRST SYSTEM</TITLE>
+<DATELINE>    HERNDON, Va., March 9 - </DATELINE><BODY>Spectrum Digital Corp said it
+installed its first multi-node ISDX T-1 multiplexer.
+    The company said the T-1 system was installed at the
+University of North Carolina's Education Computing Service at
+Research Triangle Park, N.C.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19626" NEWID="3204">
+<DATE> 9-MAR-1987 12:20:15.33</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A Y RM
+&#22;&#22;&#1;f0844&#31;reute
+u f BC-FITZWATER-SAYS-REAGAN   03-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FITZWATER SAYS REAGAN STRONGLY AGAINST TAX HIKE</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>White House spokesman Marlin
+Fitzwater said President Reagan's record in opposing tax hikes
+is "long and strong" and not about to change.
+    "We're opposed to tax increases.... We will fight tax
+increases.... We will deal with it politically in every forum
+possible," said Fitzwater when questioned about whether there
+was any change in the administration's position.
+    Fitzwater said Reagan's strong feelings against a tax hike
+included opposition to an oil import fee.
+    "The President's position is that he is opposed to it," he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19627" NEWID="3205">
+<DATE> 9-MAR-1987 12:22:36.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0860&#31;reute
+u f BC-******SUPERMARKETS-GE   03-09 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERMARKETS GENERAL &lt;SGL> GETS UNSOLICITED BID</TITLE>
+<DATELINE>    WOODBRIDGE, N.J., March 9 - </DATELINE><BODY>Supermarkets General Corp said
+it received an unsolicited proposal from a third party to
+acquire the company at 41.75 dlrs per share in cash.
+    Supermarkets also said it retained Shearson Lehman Brothers
+Inc to advise its board of directors on the proposal.
+    Supermarkets General currently has about 38.5 mln shares
+outstanding.
+    Its stock is currently trading at 34-1/4 on the New York
+Stock Exchange.
+    The Woodbridge, N.J., supermarket operator of over 180
+supermarkets and other specialty retail stores, convenience
+food stores and drug stores.
+    For the nine months ended November 30, Supermarkets
+reported net income of 41.7 mln dlrs.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19628" NEWID="3206">
+<DATE> 9-MAR-1987 12:22:59.42</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0862&#31;reute
+u f BC-JAPANESE-CRUSHERS-BUY   03-09 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE CRUSHERS BUY CANADIAN RAPESEED</TITLE>
+<DATELINE>    CHICAGO, March 9 - </DATELINE><BODY>Japanese crushers bought 5,000 to 7,000
+tonnes of Canadian rapeseed in export business over the weekend
+for April shipment, trade sources said.
+    Japanese crushers continue to concentrate on rapeseed
+purchases since it converts to a higher percentage of oil than
+other oilseeds, they said. A glut of feed meals makes other
+oilseeds, such as soybeans, less desirable because they would
+add to already large meal stocks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19629" NEWID="3207">
+<DATE> 9-MAR-1987 12:23:36.79</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0865&#31;reute
+u f BC-abms-zinc-stocks   03-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABMS SAYS U.S. ZINC STOCKS HIGHER IN FEBRUARY</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Total U.S. slab zinc stocks held by
+smelters rose to 24,735 short tons at the end of February  from
+22,120 short tons at the end of January, the American Bureau of
+Metal Statistics reported.
+    Zinc production increased to 26,732 short tons in February
+from 25,786 short tons in January.
+    Shipments from smelters' plants declined to 23,560 short
+tons in February from 24,564 short tons in January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19630" NEWID="3208">
+<DATE> 9-MAR-1987 12:27:29.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0886&#31;reute
+r f BC-JEFFERIES-&lt;JEFG>-MARK   03-09 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES &lt;JEFG> MARKETS DIAMOND SHAMROCK &lt;DIA></TITLE>
+<DATELINE>    LOS ANGELES, March 9 - </DATELINE><BODY>Jefferies and Co Inc said it intends
+to make a market in the stock of Diamond Shamrock Corp, when,
+as and if distributed.
+    Diamond Shamrock has offered to repurchase twenty miillion
+shares of its common stock at 17 dlrs per share until midnight,
+EST, March 9.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19631" NEWID="3209">
+<DATE> 9-MAR-1987 12:27:37.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0887&#31;reute
+d f BC-HOLIDAY-CORP-&lt;HIA>-TO   03-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLIDAY CORP &lt;HIA> TO OPEN NEW CHAIN IN EUROPE</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 9 - </DATELINE><BODY>Holiday Corp said its Holiday Inn
+Hotel Group will soon introduce a chain of limited-service
+hotels in international markets.
+    The company said the chain, which will be launched
+initially in Western Europe, will usually feature 60 to 150
+guest rooms and a small restuarant/lounge area, but will offer
+fewer services and amenities than typical Holiday Inn hotels.
+    It said the new hotels will cater to commercial travelers
+in smaller cities and suburbs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19632" NEWID="3210">
+<DATE> 9-MAR-1987 12:28:49.58</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0893&#31;reute
+r f BC-DIAMOND-SHAMROCK-OFFS   03-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND SHAMROCK OFFSHORE &lt;DSP> IN FIND</TITLE>
+<DATELINE>    DALLAS, March 9 - </DATELINE><BODY>Diamond Shamrock Offshore Partners said
+it has started development drilling on West Cameron 178 block
+off Louisiana in the Gulf of Mexico after a significant natural
+gas find on the block.
+    It said the discovery well there encountered 46 feet of net
+natural gas pay. No flow tests have been conducted, it said.
+    Diamond Shamrock Offshore said it has a 46.15 pct interest
+in the block, Phillips Petroleum Co 28.85 pct and Santa Fe
+Energy Partners LP &lt;SFP> 25.00 pct. Diamond Shamrock Corp &lt;DIA>
+owns 80.3 pct of Diamond Shamrock Offshore.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19633" NEWID="3211">
+<DATE> 9-MAR-1987 12:29:14.18</DATE>
+<TOPICS><D>lead</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0894&#31;reute
+u f BC-abms-lead-inventories   03-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LEAD INVENTORIES RISE IN FEBRUARY - ABMS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Lead stocks held by U.S. refiners rose
+to 37,295 short tons at the end of February from 34,224 short
+tons (revised higher) at the end of January, the American
+Bureau of Metal Statistics reported.
+    Production of lead decreased to 33,619 short tons in
+February from 38,759 short tons in January.
+    Shipments from plants increased to 30,467 short tons in
+February from 27,041 short tons (revised lower) in January, the
+ABMS said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19634" NEWID="3212">
+<DATE> 9-MAR-1987 12:29:34.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0896&#31;reute
+h f BC-TECHNOLOGY-RESEARCH-&lt;   03-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNOLOGY RESEARCH &lt;TRCI> WINS CONTRACT</TITLE>
+<DATELINE>    CLEARWATER, Fla., March 9 - </DATELINE><BODY>Technology Research Corp said
+an unidentified marketing company agreed to sell its products
+and placed an initial order for about six mln dlrs.
+    It said the company will sells its product that protects
+against serious electrical shock. The product will be sold
+through mass merchandisers and retail hardware stores, it said.
+    The company also said it won an additional contract worth
+500,000 dlrs, boosting its total current backlog to about 14
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19635" NEWID="3213">
+<DATE> 9-MAR-1987 12:30:44.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0902&#31;reute
+s f BC-BCI-HOLDINGS-UNIT-PRE   03-09 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BCI HOLDINGS UNIT PRESIDENT NAMED</TITLE>
+<DATELINE>    OAK BROOK, ILL., March 9 - </DATELINE><BODY>BCI Holdings Corp said it named
+Stephen Rowley president of Day-Timers Inc, a subsidiary of the
+company's Beatrice Consumer Durables, effective immediately.
+    It said he replaces Robert Dorney, founder and former
+president, who will remain as senior vice president, new
+product development of the company, which produces time
+management systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19636" NEWID="3214">
+<DATE> 9-MAR-1987 12:31:13.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0904&#31;reute
+r f BC-THE-FEDERATED-GROUP-&lt;   03-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE FEDERATED GROUP &lt;FEGP> 4-WEEK SALES DOWN</TITLE>
+<DATELINE>    CITY OF COMMERCE, Calif., March 9 - </DATELINE><BODY>The Federated Group Inc
+said its four-week March 1 sales totaled 25.7 mln dlrs, down
+eight pct from the same period a year ago.
+    The company said sales in the 13 weeks ended March 1 rose
+11 pct to 136.6 mln dlrs.
+    In the 52-weeks ended March 1 sales totaled 430.2 mln dlrs,
+up 18 pct from a year earlier, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19637" NEWID="3215">
+<DATE> 9-MAR-1987 12:31:52.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0908&#31;reute
+r f BC-WINGS-WEST-AIRLINES-&lt;   03-09 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINGS WEST AIRLINES &lt;WING> LOAD FACTOR UNCHANGED</TITLE>
+<DATELINE>    SAN LUIS OBISPO, Calif., March 9 - </DATELINE><BODY>Wings West Airlines said
+its load factor remained constant in February at 42.7 pct.
+    The company said it boarded 39,812 passengers in February,
+up from 22,141 a year ago.
+    Revenue passenger miles in February totaled 6,146,787, up
+51.8 pct from a year ago, while available seat miles rose 62.2
+pct to 14,385,113, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19638" NEWID="3216">
+<DATE> 9-MAR-1987 12:32:14.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0911&#31;reute
+d f BC-&lt;SHARON-STEEL-CORP>-E   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SHARON STEEL CORP> EXTENDS EXCHANGE OFFER</TITLE>
+<DATELINE>    MIAMI, Fla., March 9 - </DATELINE><BODY>Sharon Steel Corp said it extended
+from March six to March 31 the expiration date for its debt
+exchange offer to allow time to complete the sale of its
+Mueller Brass Co unit and to meet other conditions of the
+offer.
+    The exchange offer covers Sharon's outstanding 13.5 pct
+subordinated sinking fund debentures due 2000 and its 14.25 pct
+subordinated sinking fund debentures due 1990.
+    Sharon said that as of March six, 31.6 pct of the 13.5 pct
+notes and 20.9 pct of the 14.25 pct notes were tendered. The
+Mueller sale is conditioned on receipt of 80 pct of the notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19639" NEWID="3217">
+<DATE> 9-MAR-1987 12:33:30.71</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0917&#31;reute
+u f BC-FERRY-DISASTER-CLAIMS   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERRY DISASTER CLAIMS COULD TOP 30 MLN STG</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>U.K. Insurers could face more than 30 mln
+stg of insurance claims following the Zeebrugge ferry disaster,
+a spokesman for Lloyds of London said.
+    It could take weeks before the extent of the compensation
+claims for passengers, crew and cargo was known and also before
+it was known how much, if any, of the ship could be salvaged,
+said David Larner of Lloyds.
+    The hull and machinery of the Herald of Free Enterprise
+were valued at 25 mln stg and were insured by Townsend
+Thoresen's parent company Peninsular and Oriental Steam
+Navigation Co Plc &lt;PORL.L>.
+    The vessel was in turn reinsured in the London market with
+Lloyds and various other companies, Larner said.
+    Passengers, crew and cargo were insured by the Standard
+Steamship Protection and Indemnity Association, one of several
+shipowners' mutual insurance funds worldwide. These were also
+underwritten by Lloyds and other companies.
+    Larner said claims from passengers could be expected to
+total at least five mln stg, given the number of deaths and the
+normal level of liability set by the Athens Convention of 1974
+of between 30,000 stg and 50,000 in case of death.
+    Shipping sources said, however, that these claims could
+soar if a court found there was negligence or design faults
+involved.
+    Larner said estimates of compensation claims "were pure
+guess work" at this time. But if the ship could not be salvaged,
+the claims would total at least 30 mln stg.
+    Shares of insurances on the London stock exchange fell
+across the board in a generally weak market.
+    General Accident fell 21p to 936, Royal Insurance dropped
+18p to 966 and Prudential fell 9p to 888.
+    P and O shares stood at a late 616, 27p lower on the day.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19640" NEWID="3218">
+<DATE> 9-MAR-1987 12:36:15.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0931&#31;reute
+u f BC-GERMAN-EMPLOYERS-MAKE   03-09 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN EMPLOYERS MAKE SURPRISE OFFER TO ENGINEERS</TITLE>
+<DATELINE>    KREFELD, West Germany, March 9 - </DATELINE><BODY>Engineering industry
+employers in North Rhine-Westphalia state said they made an
+unprecedented offer on pay and working hours.
+    The offer, which came amid warning strikes by some 33,000
+workers, was the first time since World War Two that employers
+have proposed cutting working hours and is seen as averting a
+repeat of the nationwide strike of 1984 which brought the auto
+industry to a standstill for seven weeks, union sources said.
+    The employers propose a half-hour cut in the 38.5 hour
+working week from July 1, 1988 and a pay rise of 2.7 pct from
+April 1 and a further 1.5 pct from July 1, 1988.
+    The engineering union IG Metall, Europe's largest union,
+wants a five pct wage rise and a 35-hour week at full pay.
+    It called today's warning strikes, mostly involving work
+stoppages of up to one hour, after more than 50 rounds of talks
+since December failed.
+    The employers' offer was seen breaking the deadlock in
+negotiations, even though the union said the half-hour cut is
+not enough, union sources said.
+    The offer applies to workers in North Rhine-Westphalia and
+it was unclear if further offers would be presented in talks
+between unions and employers of other West German states.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19641" NEWID="3219">
+<DATE> 9-MAR-1987 12:37:13.54</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0937&#31;reute
+u f BC-CITIBANK-FOLLOWS-U.K.   03-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIBANK FOLLOWS U.K. BASE RATE CUT TO 10.5 PCT</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>&lt;Citibank NA> said it has cut its British
+base lending rate to 10.5 pct from 11 pct, with effect from
+tomorrow.
+    This move follows similar cuts by four major British
+clearing banks, led by National Westminster Bank Plc &lt;NWBL.L>.
+    Lower rates were signalled by the Bank of England this
+morning in an attempt to curb recent upward pressure on the
+pound, market sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19642" NEWID="3220">
+<DATE> 9-MAR-1987 12:37:32.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0940&#31;reute
+r f BC-CRANE-&lt;CR>-TO-REDEEM   03-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRANE &lt;CR> TO REDEEM CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Crane Co said it will redeem on March
+31 all 75 mln dlrs of its outstanding 8-3/4 pct convertible
+senior debentures due October 1, 2005 at 107.875 pct.
+    It said accrued interest to March 31 will be paid on that
+date to holders of record as of March 15.  The debentures may
+be converted into common stock at 28.80 dlrs per share through
+March 24.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19643" NEWID="3221">
+<DATE> 9-MAR-1987 12:38:09.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0944&#31;reute
+r f BC-&lt;OGLETHORPE-POWER-COR   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;OGLETHORPE POWER CORP> SEES NO RATE INCREASE</TITLE>
+<DATELINE>    ATLANTA, March 9 - </DATELINE><BODY>Oglethorpe Power Corp said it does not
+plan to raise its electric rates to cover higher construction
+costs at the Alvin W. Vogtle Nuclear Plant, in which Oglethorpe
+holds a 30 pct interest.
+    Earlier today, Southern Co's &lt;SO> Georgia Power Co said it
+raised the estimated cost of building the plant by nearly six
+pct, to roughly 8.87 billion dlrs.
+    Oglethope said its share of the increased costs amounts to
+about 147.5 mln dlrs. "We do not plan to raise rates to the 39
+Electric Membership Corporations we serve in 1987 as a result
+of this budget increase," the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19644" NEWID="3222">
+<DATE> 9-MAR-1987 12:38:20.58</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0945&#31;reute
+u f BC-BANK-OF-ZAMBIA-PAYS-O   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ZAMBIA PAYS OUT FOREIGN CURRENCY ARREARS</TITLE>
+<DATELINE>    LUSAKA, March 9 - </DATELINE><BODY>The Bank of Zambia has paid out foreign
+exchange arrears from three auctions conducted last year, a
+bank spokesman said.
+    "We have now cleared three auctions and are left with only
+four, worth eight mln dlrs," the spokesman said without
+specifying the amount paid out.
+    The bank had not paid foreign exchange to private firms
+since it suspended the weekly auctions on January 28.
+    It has said the auctions were suspended because it planned
+to introduce a modified system after talks with the World Bank
+and the International Monetary Fund.
+    President Kenneth Kaunda announced last month that the
+auction would be retained for allocating foreign exchange to
+approved private sector bidders, but would not be used to
+determine the kwacha's exchange rate.
+    Last week, he said the auction had run into trouble because
+of a shortage of foreign exchange.
+    The government has fixed the exchange rate at nine kwacha
+per dollar, effectively revaluing the kwacha by 67.7 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19645" NEWID="3223">
+<DATE> 9-MAR-1987 12:38:33.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0947&#31;reute
+r f BC-DATAREX   03-09 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS HAVE 5.5 PCT OF DATAREX SYSTEMS &lt;DRX></TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>A small investor group led by Melvyn
+Gelch, a Providence, R.I., surgeon, told the Securities and
+Exchange Commission it has acquired 60,840 shares of Datarex
+Systems Inc, or 5.5 pct of the total outstanding common stock.
+    The Gelch group said it bought the stake for about 935,000
+dlrs for investment purposes only.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19646" NEWID="3224">
+<DATE> 9-MAR-1987 12:39:48.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0955&#31;reute
+d f BC-AMOSKEAG-CO-NAMES-NEW   03-09 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOSKEAG CO NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    BOSTON, Mass., March 9 - </DATELINE><BODY>&lt;Amoskeag Co> said Joseph B. Ely
+II, became chairman, in addition to his duties as chief
+executive officer, succeeding Albert B. Hunt, who served in
+that position since 1972.
+    It also said James M. Fitzgibbons, currently executive vice
+president and chief operating officer, will beomce president, a
+position Ely also held.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19647" NEWID="3225">
+<DATE> 9-MAR-1987 12:39:57.89</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>ghana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0956&#31;reute
+u f BC-GHANA-COCOA-PURCHASES   03-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GHANA COCOA PURCHASES FALL, CUMULATIVE STILL UP</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>The Ghana Cocoa Board said it purchased
+1,323 tonnes of cocoa in the 21st week, ended February 26, of
+the 1986/87 main crop season, compared with 1,961 tonnes the
+previous week and 1,344 tonnes in the 21st week ended March six
+of the 1985/86 season, the board said.
+    Cumulative purchases so far this season stand at 216,095
+tonnes, still up on the 201,966 tonnes purchased by the 21st
+week of last season, the Board said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19648" NEWID="3226">
+<DATE> 9-MAR-1987 12:40:05.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0957&#31;reute
+d f BC-BARTON-VALVE-&lt;BART>-H   03-09 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARTON VALVE &lt;BART> HOLDERS APPROVE NAME CHANGE</TITLE>
+<DATELINE>    SHAWNEE, Okla., March 9 - </DATELINE><BODY>Barton Valve Co Inc said
+shareholders at the annual meeting approved a name change to
+Barton Industries Inc and a reduction in board size to three
+members from five.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19649" NEWID="3227">
+<DATE> 9-MAR-1987 12:40:29.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0959&#31;reute
+d f BC-WM-WRIGLEY-JR-&lt;WWY>-S   03-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WM WRIGLEY JR &lt;WWY> SEES HIGHER 1987 SPENDING</TITLE>
+<DATELINE>    CHICAGO, March 9 - </DATELINE><BODY>Wm. Wrigley Jr Co expects the cost of
+technological improvements and renovation projects to push
+1987's capital expenditures up considerably from last year's
+25.4 mln dlrs, President William Wrigley told the annual
+meeting.
+    In 1985, the company's spending totaled 26.8 mln dlrs.
+    He also said the pace of the company's marketing activity
+set in 1986 will continue this year, with advertising and
+merchandising expenditures to exceed the 1986 level which
+Wrigley said was "somewhat over 100 mln dlrs."
+    Wrigley said product line extensions would continue in
+1987, although the company has no immediate plans to venture
+into areas outside of chewing gum. He said Wrigley's overall
+share of the gum market is "a little less than 50 pct."
+    In answer to a question, Wrigley said there have been no
+buyout offers for the company.  He also said the company will
+continue to strengthen its international presence.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19650" NEWID="3228">
+<DATE> 9-MAR-1987 12:40:58.36</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0962&#31;reute
+r f BC-EC-SUGAR-IMPORT-LEVIE   03-09 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SUGAR IMPORT LEVIES</TITLE>
+<DATELINE>    BRUSSELS, MARch 9 - </DATELINE><BODY>The following import levies for white
+and raw sugar are effective tomorrow, in European currency
+units (ecu) per 100 kilos.
+    White sugar, denatured and non-denatured 49.70 versus 50.05
+previously.
+    Raw sugar, denatured and non-denatured 41.35 versus 41.35
+previously.
+    The rate for raws is based on 92 pct yield.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19651" NEWID="3229">
+<DATE> 9-MAR-1987 12:41:24.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0965&#31;reute
+d f BC-TECHNOLOGY   03-09 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR HAS TECHNOLOGY DEVELOPMENT &lt;TDCX> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>Leon Greenblatt, a Chicago investor,
+told the Securities and Exchange Commission he has acquired
+89,450 shares of Technology Development Corp, or 5.3 pct of the
+total outstanding common stock.
+    Greenblatt said he bought the stock for 350,000 dlrs soley
+as an investment and has no intention of seeking control of the
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19652" NEWID="3230">
+<DATE> 9-MAR-1987 12:41:50.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0969&#31;reute
+d f BC-PIEZO   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEZO &lt;PEPI> PREFERRED HOLDERS SEEK BOARD SEATS</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>A group of brokerage executives with
+a 25.25 pct stake in the cumulative convertible preferred stock
+of Piezo Electric Products Inc said it will seek two seats on
+the company's board of directors.
+    In a filing with the Securities and Exchange Commission,
+Providence Securities Inc, a Providence, R.I. brokerage firm,
+and two executives said they will seek the seats that opened
+because of a dividend payment default to preferred holders.
+    The firm, its president, Thomas DePetrillo, and its vice
+president, Vincent DiGuilio, also said they may seek additional
+representation on the company's board.
+    The Cambridge, Mass., research firm defaulted on dividends
+to preferred holders on January 31, which automatically gives
+preferred holders the right to elect two directors, the
+executives said.
+    The firm and its two executives, who hold a combined
+104,500 preferred shares, said they originally bought their
+stake as an investment, but are also trying to motivate the
+company into reinstating dividends.
+    DePetrillo said he has proposed that the preferred
+conversion rate change to 85-to-one from 10-to-one and that
+dividends be cut to 10 cts a share from 1.10 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19653" NEWID="3231">
+<DATE> 9-MAR-1987 12:42:33.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0973&#31;reute
+u f BC-VNESHTORGBANK-SEEKS-I   03-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VNESHTORGBANK SEEKS INCREASE FOR FACILITY</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Vneshtorgbank, the Soviet Foreign Trade
+bank, is seeking an increase to 250 mln stg from the original
+150 mln for a five year, sterling bankers' acceptance facility
+arranged last autumn, Lloyds Merchant Bank Ltd said as
+arranger.
+    The facility has a 10 basis point facility fee and there is
+a 15 basis point maximum cap on the margin.
+    Banking sources said syndication for the increase was
+proceeding very well so far, although the syndication would not
+necessarily be confined to banks participating in the original
+group.
+    Banking sources said that one reason for the increase was
+that Vneshtorgbank had been very impressed by the relatively
+low cost of financing by means of eligible bills, rather than
+through more traditional instruments priced in relation to
+London Interbank Offered Rates (LIBOR).
+    The facility is Vneshtorgbank's first ever
+sterling-denominated bankers' acceptance facility.
+    Banking sources noted that Vneshtorgbank now has two
+facilities in the market, since First Chicago Ltd was awarded a
+mandate last week to arrange a 200 mln dlr, eight year loan at
+1/8 point over LIBOR.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19654" NEWID="3232">
+<DATE> 9-MAR-1987 12:42:49.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0976&#31;reute
+h f BC-CHECKROBOT-&lt;CKRB>-GET   03-09 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHECKROBOT &lt;CKRB> GETS FINANCING</TITLE>
+<DATELINE>    DEERFIELD BEACH, Fla., March 9 - </DATELINE><BODY>CheckRobot Inc said it
+recieved four mln dlrs in financing through the private
+placement of convertible preferred stock.
+    It said 2.8 mln dlrs of the financing has already been
+funded from existing shareholders, &lt;Sensormatic Electronics
+Corp> and &lt;Southeast Venture Capital Limited II>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19655" NEWID="3233">
+<DATE> 9-MAR-1987 12:42:58.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0977&#31;reute
+h f BC-TRACOR-&lt;TRR>-UNIT-WIN   03-09 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRACOR &lt;TRR> UNIT WINS U.S. FOLLOW-UP CONTRACTS</TITLE>
+<DATELINE>    AUSTIN, Texas, March 9 - </DATELINE><BODY>Tracor Inc said its Tracor
+Aerospace Inc unit won three follow-up contracts worth 1.9 mln
+dlrs from the U.S. Air Force.
+    It said the unit will conduct special studies and
+modifications in systems components for flight tests on the
+Peacekeeper Missle.
+    Tracor said it previously received 49.3 mln dlrs worth of
+contracts from the defense program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19656" NEWID="3234">
+<DATE> 9-MAR-1987 12:43:49.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0982&#31;reute
+d f BC-UNIVERSITY-PATENTS-&lt;U   03-09 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSITY PATENTS &lt;UPT> LENS SALES RISE</TITLE>
+<DATELINE>    WESTPORT, Conn., March 9 - </DATELINE><BODY>University Patents Inc said
+4,344 of its Aleges soft bifocal contract lenses were sold in
+February, after allowances for exchanges and returns, up from
+3,011 in January.
+    It said 1,800 opthalmologists and optometrists were fitting
+the product last month, up from 1,600 a month before. Sales of
+the lens started in May 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19657" NEWID="3235">
+<DATE> 9-MAR-1987 12:44:15.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0985&#31;reute
+f f BC-******ANALYST-SAYS-DA   03-09 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ANALYST SAYS DART GROUP LIKELY BIDDER FOR SUPERMARKETS GENERAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19658" NEWID="3236">
+<DATE> 9-MAR-1987 12:45:12.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0991&#31;reute
+d f BC-WEAREVER-&lt;WRPS>-TO-RE   03-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEAREVER &lt;WRPS> TO RELOCATE HEADQUARTERS</TITLE>
+<DATELINE>    CHILLICOTHE, Ohio, March 9 - </DATELINE><BODY>WearEver-ProctorSilex Inc said
+it will relocate is corporate headquarters from Chillicothe to
+Richmond, Va., beginning this fall and ending by early 1988.
+    The company said Richmond was chosen because it is
+centrally located to its main operating facilities, which will
+reduce travel and other costs.
+    About 150 headquarters employees will be offered the chance
+to relocate, the company said. WearEver's cookware plant in
+Chillicothe will not be moved, and its sales and marketing
+offices will remain in Englewood, N.J.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19659" NEWID="3237">
+<DATE> 9-MAR-1987 12:45:44.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0992&#31;reute
+d f BC-ANGIO-MEDICAL-IN-INIT   03-09 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANGIO-MEDICAL IN INITIAL OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>&lt;Angio-Medical Corp> said it filed with
+the Securities and Exchange Commission for an initial public
+offering of 1,666,667 units of one share of common and one
+redeemable warrant to buy one share of common at six dlrs per
+unit.
+    It said Keane Securities Co Inc &lt;KEAN> is the underwriter.
+    The company said its securities are proposed for trading on
+NASDAQ under the symbol &lt;ANGMU>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19660" NEWID="3238">
+<DATE> 9-MAR-1987 12:47:48.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0996&#31;reute
+d f BC-BEAR-STEARNS-&lt;BSC>-TO   03-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEAR STEARNS &lt;BSC> TO RELOCATE HEADQUARTERS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Bear Stearns Cos Inc said it was
+relocating its Wall Street headquarters to a mid-town location
+on Park Ave. and signed a lease with &lt;Olympia and York>.
+    The firm said it will occupy 537,000 square beginning
+January 1988 under a 15 year lease. It will begin to move into
+the new offices later this year.
+    It said the space will accommodate the increase in
+personnel, which has grown 30 pct since the firm went public in
+October 1985. It will centralize all of its executive offices
+at the new location.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19661" NEWID="3239">
+<DATE> 9-MAR-1987 12:48:37.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0999&#31;reute
+d f BC-CYCLOPS   03-09 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARRIS CUTS CYCLOPS &lt;CYL> STAKE TO 11.1 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>Harris Associates L.P., a Chicago
+investment advisory firm, said it cut its stake in Cyclops Corp
+to 437,425 shares, or 11.1 pct of the total outstanding common
+stock, from 524,775 shares, or 13.3 pct.
+    In a filing with the Securities and Exchange Commission,
+Harris said it sold 87,350 Cyclops common shares between Jan 6
+and March 2 at prices ranging from 65.75 to 91.00 dlrs a share.
+    Harris said its dealings in Cyclops common stock were made
+on behalf of its advisory clients.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19662" NEWID="3240">
+<DATE> 9-MAR-1987 12:49:57.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0005&#31;reute
+r f BC-LOTUS-&lt;LOTS>-GETS-ORD   03-09 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOTUS &lt;LOTS> GETS ORDER FROM MICRO D &lt;MCRD></TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 9 - </DATELINE><BODY>Lotus Development Corp said it
+has received a 30 mln dlr order from Micro D Inc for a number
+of Lotus software products.
+    It said the order is the largest it has ever received and
+is to be delivered over six months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19663" NEWID="3241">
+<DATE> 9-MAR-1987 12:51:02.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0007&#31;reute
+b f BC-CHRYSLER-&lt;C>-VALUES-A   03-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> VALUES AMC &lt;AMO> AT 757 MLN DLRS</TITLE>
+<DATELINE>    DETROIT, March 9 - </DATELINE><BODY>Chrysler Corp said it valued its
+proposed buyout of American Motors Corp at 757 mln dlrs, not
+counting the effect of a contingent payment that could reach
+350 mln dlrs based on AMC's future profits.
+    A Chrysler spokesman told Reuters that the letter of intent
+signed with Renault, AMC's controlling shareholder with a 46.2
+pct direct stake, includes a provision for Renault to be paid
+35 mln dlrs in cash for AMC's finance subsidiary and 200 mln
+dlrs in the form of an eight pct note. He said he did not know
+the maturity of the note.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19664" NEWID="3242">
+<DATE> 9-MAR-1987 12:51:10.26</DATE>
+<TOPICS><D>acq</D><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0008&#31;reute
+u f BC-******SUPERMARKETS-GE   03-09 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DART SAID LIKELY SUPERMARKETS GENERAL SUITOR</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Dart Group &lt;DARTA> is likely seeking to
+buy Supermarkets General &lt;SGL>, analysts said.
+    "There's been rumors that they've taken a position in the
+company, said Wood Gundie analyst Edward Comeau.
+    Last year, Dart Group, owner of Auto Trak INc and Crown
+Books, competed against Kohlberg, Kravis to acquire Safeway
+Stores INc.
+    The company later reached an accord under which it would
+buy 20 pct of the company after Kohlberg Kravis completed its
+leveraged buyout of the company.
+    The company later sold its 20 pct stock for about 180 mln
+to 200 mln dlrs, according to analysts.
+     Dart Group Corp was not immediately available for comment.
+    Jerry Ballan, analyst with Conner Ballan division of Edward
+Viner and Co, said, "They &lt;Dart> has been rumored to be buying
+some other supermarkets as well, such as Stop and Shop."
+    "My guess is that Supermarkets General does not want to be
+bought out," said Ballan.
+    Analysts, however, said Supermarkets General is facing
+problems due to its Purity Supreme and Rickels operations,
+which might make it difficult to thwart a bid.
+    Supermarkets General is expected to report about 1.70 dlrs
+a share compared to a 1.73 dlrs a share reported for 1985 on a
+post stock split basis.
+    For the first quarter, Comeau predicts the company will
+earn 39 cts a share from 35 cts a share a year ago, and should
+earn about 2.05 dlrs for 1987.
+    "But that estimation could go to a 1.80 dlrs easily, due to
+Purity Supreme in New England," Comeau said.
+    He said competition among supermarkets is getting heated in
+that area and that the company has had difficulty with
+integrating Purity Supreme with its Pathmark store operations.
+    Rickels, a home center business, has faced problems due to
+the state of that industry, and has reported lower returns as
+an operating unit, according to analysts.
+    Analysts said that if Dart buys Supermarkets General it
+would probably divest the company's operations.
+    Analyst Comeau said "supermarkets general may seek a
+combination with another supermarket company."
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19665" NEWID="3243">
+<DATE> 9-MAR-1987 12:51:38.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0011&#31;reute
+d f BC-ADVO-SYSTEM-INC-&lt;ADVO   03-09 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVO-SYSTEM INC &lt;ADVO> SEES BREAK-EVEN 2ND QTR</TITLE>
+<DATELINE>    HARTFORD, Conn., March 9 - </DATELINE><BODY>ADVO-System Inc said it could
+report a break even second quarter ending March 28, 1987
+compared with a loss of 1.8 mln dlrs, or 16 cts a share, in
+fiscal 1986's second quarter ended March 29, 1986.
+    ADVO said it previously announced it would report a net
+loss for the quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19666" NEWID="3244">
+<DATE> 9-MAR-1987 12:51:50.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0012&#31;reute
+h f BC-&lt;NATIONAL-FRANCHISORS   03-09 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NATIONAL FRANCHISORS INC> TO LAUNCH FRANCHISE</TITLE>
+<DATELINE>    ENGLEWOOD, N.J., March 9 - </DATELINE><BODY>National Franchisors Inc, a
+franchise development and consulting business, said it will
+launch its first project, the Shoesmith shoe-care and repair
+shop.
+    The company said it is negotiating for several shopping
+center locations for initial franchise sites and that it will
+soon open a pilot Shoesmith shop and training center.
+    It also said it signed an agreement with &lt;Sutton-Landis
+Shoe Machinery Co>, St. Louis, to supply the franchises with
+machinery and support services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19667" NEWID="3245">
+<DATE> 9-MAR-1987 12:52:39.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0015&#31;reute
+b f BC-BRITISH-AIRPORTS-AUTH   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AIRPORTS AUTHORITY SEEKS CREDIT FACILITY</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>&lt;British Airports Authority Plc>, which
+will be privatised later this year, is seeking a 200 mln stg
+multiple option facility, banking sources said.
+    The facility will incorporate a 100 mln stg revolving
+standby credit and a 50 mln stg swingline credit, both of which
+will be available for seven years. There also will be an
+uncommitted tender panel for the issue of sterling and
+multi-currency advances and sterling acceptances.
+    A minimum of 65 pct of the revolving credit will be
+immediately available, with a facility fee of six basis points.
+    Up to 35 pct of the revolving credit will be available
+subject to two months notification. There will be a facility
+fee of three basis points while this is not utilised, after
+which the fee rises to six basis points.
+    Drawings will be at 10 basis points over the London
+Interbank Offered Rate, plus mandatory liquid asset
+requirements, or a 10 basis point sterling acceptance
+commission. The swingline will be available for a maximum of
+seven days. There will also be a participation fee of five
+basis points for 12.5 mln stg.
+    The financing is being arranged by Samuel Montagu and Co
+Ltd and is being syndicated on a restricted basis among a group
+of the borrower's relationship banks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19668" NEWID="3246">
+<DATE> 9-MAR-1987 12:55:04.84</DATE>
+<TOPICS><D>gnp</D><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0025&#31;reute
+u f BC-FED-WATCHERS-SEE-U.S.   03-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED WATCHERS SEE U.S. ECONOMIC, INFLATION UPTURN</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>This year will see a pickup in U.S.
+economic growth and inflation, the Shadow Open Market Committee
+said in its semi-annual policy statement.
+    The SOMC, a group of basically "monetarist" private
+economists, said that "economic growth will accelerate in 1987
+in response to powerful stimulative actions by the Federal
+Reserve."
+    The group said the Fed's actions have been excessive. As a
+result, it said that "inflation and ultimately another
+recession now loom on the horizon."
+    The SOMC said that central bank policies that rely on
+progressively larger swings in monetary expansion will not lead
+to sustainable economic growth and stable prices.
+    The group made no specific nominal forecasts of economic or
+inflation growth in its policy statement. However, the
+Committee at its Sunday policy-making meeting said it was
+basically in accord with projections by Jerry Jordan, who is a
+member of the SOMC and economist at First Interestate Bancorp.
+    Jordan expects real GNP growth to be about one percentage
+point higher than in the past two years. He expects consumer
+prices to rise about 4-1/2 pct this year.
+    The SOMC said in recent months rapid money growth has been
+a principal cause of the devaluation. To avoid another costly
+inflation and disinflation, the SOMC urged the Fed to "abandon
+its inflationary policy and set the growth rate of the monetary
+base on the path toward sustained lower inflation."
+    The Fed in February said it would no longer target the
+narrow M-1 money supply because the link between M-1 and
+economic growth has been largely severed.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19669" NEWID="3247">
+<DATE>  9-MAR-1987 12:57:17.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0032&#31;reute
+b f BC-CANADIAN-PACIFIC-LTD   03-09 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADIAN PACIFIC LTD 4TH QTR OPER NET 30 CTS VS 20 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19670" NEWID="3248">
+<DATE> 9-MAR-1987 13:03:46.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0045&#31;reute
+u f BC-LONDON-SEES-NYSE-RULE   03-09 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SEES NYSE RULE PROBLEM BEING SETTLED</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>London Stock Exchange officials feel
+confident that problems arising from a New York Stock Exchange,
+NYSE, rule which might limit the trading activities in London
+of NYSE members can be solved, a London Exchange spokeswoman
+said.
+    The situation will be sorted out during the regular
+contacts between the two exchanges, she added.
+    Recent press reports raised the possibility that an NYSE
+rule could bar its members from trading jointly listed stocks
+on the London Exchange during hours when the NYSE was open.
+London plans to close its trading floor in due course, but the
+NYSE only recognises foreign exchanges which possess a trading
+floor.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19671" NEWID="3249">
+<DATE> 9-MAR-1987 13:07:51.38</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0071&#31;reute
+u f BC-DUTCH-CURRENT-ACCOUNT   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH CURRENT ACCOUNT SURPLUS FALLS IN 1986</TITLE>
+<DATELINE>    THE HAGUE, March 9 - </DATELINE><BODY>The Dutch current account surplus fell
+5.4 billion guilders last year to a provisional 12.1 billion
+guilders, the Finance Ministry said in a statement.
+    The surplus is expected to fall further in 1987, the
+statement said, but gave no details. Earlier today, the
+official planning agency CPB said it expected the surplus to
+fall to six billion guilders during 1987.
+    The visible goods surplus excluding energy fell by 5.6
+billion guilders in 1986 to 11.4 billion due to declining terms
+of exchange, while more goods were imported as consumer
+spending and investment increased.
+    While the energy trade balance surplus rose by 5.4 billion
+guilders, 4.7 billion of this gain was caused by temporary
+improvements of terms of exchange and was aided by the delay
+between the fall in oil and gas prices.
+    The current account showed a 5.2 billion guilder deficit on
+invisibles, compared with a balance in 1985, the Finance
+Ministry said, noting the surplus on transport services was
+reduced substantially due to the lower dollar and oil price
+falls.
+    The fourth quarter current account showed a deficit, for
+the first time since 1980, of 700 mln guilders, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19672" NEWID="3250">
+<DATE> 9-MAR-1987 13:09:01.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0077&#31;reute
+u f BC-HONEYBEE-&lt;HBE>-SEES-N   03-09 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONEYBEE &lt;HBE> SEES NO REASON FOR STOCK RISE</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Honeybee Inc said it knows of no reason
+for the recent rise in its stock price.
+    "There are no corporate or business developments, announced
+or unannounced," the company said in a statement.  "Business is
+continuing as usual," it said, adding that it is not engaged in
+any merger or acquisition discussions.
+    The company's stock is trading up 2-1/8 points at 14-1/4.
+    Honeybee said it plans to release later this month
+preliminary financial results for the year ended January 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19673" NEWID="3251">
+<DATE> 9-MAR-1987 13:10:35.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0093&#31;reute
+r f BC-GRANDVIEW-ACQUIRES-CO   03-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRANDVIEW ACQUIRES CONTROL OF U.K. TICKET GROUP</TITLE>
+<DATELINE>    TORONTO, March 9 - </DATELINE><BODY>Consolidated Grandview Inc said it
+acquired a 60 pct stake in &lt;All Ticket Group PLC>, of London,
+for undisclosed terms. The seller was also undisclosed.
+    All Ticket is a special events travel company with
+exclusive European rights to UAL Inc &lt;UAL>'s United Airlines
+Apollo system, booking all United Airlines flights in Britain
+and Europe. All Ticket and its subsidiaries will also
+co-sponsor various events this year including the British Open
+golf tournament and rowing's Henley Regatta.
+    Its 1986 revenues totaled 12 mln Canadian dlrs.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19674" NEWID="3252">
+<DATE> 9-MAR-1987 13:10:41.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0094&#31;reute
+r f BC-UNITED-CITIES-&lt;UCIT>   03-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED CITIES &lt;UCIT> MAKES ACQUISITION</TITLE>
+<DATELINE>    BRENTWOOD, Tenn., March 9 - </DATELINE><BODY>United Cities Gas Co said it
+has acquired Lyle Propane Gas Co, a Cairo, Ga., propane gas
+distributor, for undisclosed terms.
+    It said Lyle has sales of about four mln gallons annually
+and serves about 4,000 customers in seven counties in southwest
+Georgia and north Florida.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19675" NEWID="3253">
+<DATE> 9-MAR-1987 13:11:17.91</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0099&#31;reute
+b f T--U.S.-BILL-AUCTIONS-SE   03-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BILL AUCTIONS SEEN AT 5.63-65, 5.59-61 PCT</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The U.S. Treasury's weekly auction is
+expected to produce an average rate of 5.63-65 pct for
+three-month bills and one of 5.59-61 pct for six-month bills,
+dealers said.
+    Shortly before auction time on the new bills, the rate on
+the outstanding three-month bills was unchanged at 5.64 pct
+bid, while the rate on the six-month bills was one basis point
+higher at 5.68 pct bid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19676" NEWID="3254">
+<DATE> 9-MAR-1987 13:11:40.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0103&#31;reute
+u f BC-MEDICAL-PROPERTIES-&lt;M   03-09 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDICAL PROPERTIES &lt;MPP> SETS MONTHLY DIVIDEND</TITLE>
+<DATELINE>    ENCINO, Calif., March 9 - </DATELINE><BODY>The board of Medical Properties
+Inc said it has declared an initial monthly cash dividend of
+11-1/2 cts a share and has adopted a monthly dividend policy.
+    The initial dividend will be payable April 10 to
+shareholders of record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19677" NEWID="3255">
+<DATE> 9-MAR-1987 13:12:47.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0109&#31;reute
+h f BC-&lt;BARTER-RESOURCES>-FO   03-09 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BARTER RESOURCES> FORMS HOME SHOPPING UNIT</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Barter Resources said it formed a
+television home shopping unit, Television Catalogue Inc.
+    The company said an investor group paid 500,000 dlrs in
+funding for a 51 pct interest in the unit.
+    Barter said 100,000 dlrs of the funding has been paid, with
+the balance due within sixty days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19678" NEWID="3256">
+<DATE> 9-MAR-1987 13:13:09.45</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0110&#31;reute
+r f BC-LONDON-GRAIN-FREIGHTS   03-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GRAIN FREIGHTS</TITLE>
+<DATELINE>    LONDON, March 9 - FIXTURE - </DATELINE><BODY>wheat Ria Luna 20,000 mt
+Norrkoping and Djuron/EC Mexico 12.50 dlrs option loading
+Uddevalla at 50 cents less 4,000/1,500 16-23/3 Continental.
+    Reference New York Grain Freights 2 of March 6, brokers say
+the charterer of the Saturn from US Gulf to Japan is reported
+to be Nordstrom and Thulin, while the Antigone is reported to
+have been arranged from Tilbury to the Black Sea by Soviet
+charterers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19679" NEWID="3257">
+<DATE> 9-MAR-1987 13:13:14.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0111&#31;reute
+d f BC-AIR-WIS-&lt;ARWS>-FEBRUA   03-09 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR WIS &lt;ARWS> FEBRUARY LOAD FACTOR FALLS</TITLE>
+<DATELINE>    APPLETON, Wis., March 9 - </DATELINE><BODY>Air Wis Services Inc said
+February load factor fell to 42.9 pct from 44.2 pct a year
+before.
+    The company said revenue passenger miles rose 2.1 pct to
+22.2 mln from 21.7 mln a year before, with available seat miles
+up 5.3 pct to 51.8 mln from 49.2 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19680" NEWID="3258">
+<DATE> 9-MAR-1987 13:13:29.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0113&#31;reute
+d f BC-IMMUCOR-&lt;BLUD>-SPLITS   03-09 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMMUCOR &lt;BLUD> SPLITS STOCK</TITLE>
+<DATELINE>    NORCROSS, Ga., March 9 - </DATELINE><BODY>Immucor Inc said its board of
+directors has declared a five-for-four stock split in the form
+of a 25 pct stock dividend payable April 15 to shareholders of
+record March 27.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19681" NEWID="3259">
+<DATE> 9-MAR-1987 13:15:59.09</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0121&#31;reute
+r f BC-BERMUDA-STAR-LINE-&lt;BS   03-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERMUDA STAR LINE &lt;BSL> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    TEANECK, N.J., March 9 - </DATELINE><BODY>Bermuda Star Line Inc said it has
+agreed in principle to acquire 815-passenger SS Liberte from
+Barnstead Shipping Ltd for use in its New York/Montreal
+"Northeast Passages" cruises, starting this summer.
+    The company said it is working to conclude a lease
+financing or other financing for the purchase of the 23,500 ton
+vessel, which is to be delivered in early April and renamed
+Canada Star.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19682" NEWID="3260">
+<DATE> 9-MAR-1987 13:18:00.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0127&#31;reute
+r f BC-MUNICIPAL-ASSISTANCE   03-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUNICIPAL ASSISTANCE CORP OF NY TO SELL BONDS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Municipal Assistance Corp of New York
+said its planned offering later this week of 670 mln dlrs of
+Series 62 bonds would probably be the last time it taps the
+market until the third quarter.
+    The bonds will be sold by a syndicate led by Salomon
+Brothers Inc. Their maturity will be set at the pricing.
+    Proceeds will be used to redeem all outstanding Series 50,
+53 and 54 bonds, each with final maturities of 2008 and bearing
+interest at 10 pct, 9-7/8 pct and 9-3/8 pct. Municipal
+Assistance said it will buy back at 102 the Series 50 bonds in
+July 1994 and the Series 53 and 54 bonds in July 1995.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19683" NEWID="3261">
+<DATE> 9-MAR-1987 13:19:41.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0129&#31;reute
+r f BC-TALKING-POINT/CAESARS   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/CAESARS WORLD &lt;CAW></TITLE>
+<AUTHOR>    By Greg Calhoun, Reuters</AUTHOR>
+<DATELINE>    LOS ANGELES, March 9 - </DATELINE><BODY>&lt;MTS Acquisition Corp's>
+28-dlr-per-share offering price for Caesars World Inc is
+thought to be much too low and is likely to attract other
+suitors for the hotel/casino company, industry analysts said.
+    "I think someone else will probably come in, or they (MTS)
+will have to raise their bid," said Marvin Roffman, an analyst
+at Janney Montgomery Scott Inc.
+    MTS, a company formed by Martin Sosnoff, Caesars World's
+largest shareholder, today began a tender offer, valued at
+725.2 mln dlrs, for all shares Sosnoff doesn't already own.
+    "I think the offer is too low by at least five points,"
+said Roffman, who described Caesars World as the operator of
+"one of the finest casinos in the world."
+    Sosnoff, a New York investor, already owns 13.3 pct of
+Caesars World's 30.3 mln shares.
+    Following news of the tender offer Caesars World's shares
+were trading at 27-7/8, up 3-3/8.
+    A Caesars World spokesman said the company was declining
+comment on the Sosnoff move for the moment, but Caesars may
+issue a public statement after it has studied the offer.
+    Roffman said Caesars World has considerable growth
+potential and he is forecasting fiscal 1988 earnings of two
+dlrs per share.
+    Caesars World owns casino hotels in Nevada and honeymoon
+resorts in Pennsylvania's Pocono Mountains. It also controls
+Caesars New Jersey Inc &lt;CJN>, which owns an Atlantic City,
+N.J., casino hotel.
+    For its fiscal year ended July 31 Caesars World reported
+net income of 41 mln dlrs, or 1.36 dlrs per primary share.
+    The company reported second quarter net income of 12.6 mln
+dlrs, or 41 cts per share, compared with income of 7.5 mln
+dlrs, or 25 cts per share a year earlier.
+    Daniel Lee, an analyst at Drexel Burnham Lambert Inc, said
+that although Sosnoff's relatively low bid may attract other
+suitors willing to pay a higher price for Caesars, there is
+little likelihood that a competing bid would start a battle for
+the company.
+
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19684" NEWID="3262">
+<DATE>  9-MAR-1987 13:22:03.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0140&#31;reute
+r f BC-MERCK-&lt;MRK>-UPS-1987   03-09 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCK &lt;MRK> UPS 1987 RESEARCH BUDGET 11 PCT</TITLE>
+<DATELINE>    RAHWAY, N.J., March 9 - </DATELINE><BODY>Merck and Co Inc said it will spend
+more than 530 mln dlrs this year on research and development,
+up 11 pct from the 480 mln dlrs it spent in 1986 on research
+and development.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19685" NEWID="3263">
+<DATE> 9-MAR-1987 13:22:50.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0143&#31;reute
+u f BC-ALLEGHENY-&lt;AG>-OFFICE   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY &lt;AG> OFFICERS TO RUN COMPANY</TITLE>
+<DATELINE>    New York, March 9 - </DATELINE><BODY>Allegheny International Inc said its
+chairman and chief operating officer will remain in their
+positions following the merger of the company with an affiliate
+of First Boston Corp.
+   "It is expected that Oliver S. Travers will continue as
+chairman, president and Chief executive officer, and Thomas J.
+Albani will continue as chief operating officer," said an
+Allegheny spokesman.
+    Allegheny today said it agreed to a buyout from First
+Boston at 24.60 dlrs per share. The transaction was valued at
+500 mln dlrs. Its stock rose 8-5/8 to 24 in active trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19686" NEWID="3264">
+<DATE> 9-MAR-1987 13:24:01.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0148&#31;reute
+u f BC-IC-GAS-MAKES-NO-RECOM   03-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IC GAS MAKES NO RECOMMENDATION ON TRACTEBEL OFFER</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Imperial Continental Gas Association
+&lt;ICGS.L>, IC Gas, said its board is not making a recommendation
+on the partial tender offfer at 710p per share announced by
+&lt;Tractebel SA> and &lt;Groupe Bruxelles Lambert SA>.
+    At the same time, however, the board would not recommend a
+general offer for all the shares at a price of 710p, the
+statement added.
+    Shareholders wondering whether to tender either to the
+Tractebel consortium or to the rival 700p per share partial
+offer from &lt;SHV Holdings NV> should consult professional
+advisers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19687" NEWID="3265">
+<DATE> 9-MAR-1987 13:27:30.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0162&#31;reute
+h f BC-ALC'S-&lt;ALCC>ALLNET-TO   03-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALC'S &lt;ALCC>ALLNET TO CONSOLIDATE DATA CENTERS</TITLE>
+<DATELINE>    BIRMINGHAM, MICH., March 9 - </DATELINE><BODY>ALC Communication Services Inc
+said its Allnet Communications Corp will consolidate its two
+data centers and relocate at a Southfield, Michigan office
+center.
+    The new facility will employ more than 300 people and is
+expected to absorb employees from the existing centers in
+Birmingham and Chicago, a company spokesman said.
+    Start-up of the consolidated computer data center is
+expected in late June, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19688" NEWID="3266">
+<DATE> 9-MAR-1987 13:28:44.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0164&#31;reute
+d f BC-NAT'L-HEALTHCARE-&lt;NHC   03-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAT'L HEALTHCARE &lt;NHCI> TO SELL FIVE HOSPITALS</TITLE>
+<DATELINE>    BOTHAN, Ala., March 9 - </DATELINE><BODY>National Heathcare Inc said it
+signed an agreement to sell five rural hospitals to a private
+corporation for about 18 mln dlrs, including the assumption of
+six mln dlrs of debt.
+    The company said it plans to complete the sales, which are
+subject to various regulatory approvals, by the end of July.
+    National Healthcare said it expects no material gain on
+loss on the sales and that substantially all proceeds will be
+used to reduce debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19689" NEWID="3267">
+<DATE> 9-MAR-1987 13:32:01.77</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>trade</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0172&#31;reute
+u f BC-USX-&lt;X>-CHAIRMAN-CALL   03-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> CHAIRMAN CALLS FOR LOWER DOLLAR</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>USX Corp chairman David Roderick called
+for a lower value for the U.S. dollar against other currencies
+to help speed a correction in the U.S. trade deficit, which
+last year reached 170 billion dlrs.
+    In remarks prepared for a speech before the Economic Club
+of Detroit, Roderick said, "There should be total resolve that
+the dollar versus other major currencies, as well as the
+currencies of other nations having a substantial trade surplus
+with us, must continue to decline so that the correction in our
+trade deficit starts on the road to recovery."
+    Roderick said the U.S. should be understanding of the
+"economic pain" our trading partners experience as a result of
+a falling dollar.
+    But, he added, "As painful as the correction may be to our
+trading partners, it is less painful than leaving the problem
+uncorrected because that would lead us into an inevitable,
+lengthy and steep world recession."
+    Roderick said between February 1985 and December 1986 the
+dollar fell by more than 40 pct in real terms against major
+industrial currencies and by 30 to 35 pct against a broader
+group of currencies of nearly all developing nations.
+    At the end of 1986, he said, the value of foreign assets in
+the U.S. exceeded the value of U.S. assets abroad by 240
+billion dlrs, compared to five years ago when the U.S. had a
+surplus in assets of 141 billion. A company spokesman said the
+data were provided by economic consultants to USX.
+    The primary reason for the trade imbalance was the 70 pct
+rise of the dollar between 1980 and 1985, although other
+factors were involved, Roderick said. But it is wrong, he said,
+"to attribute the massive trade deficit to a fundmental
+deterioration of U.S. productivity or of American product
+quality."
+    These areas need to be improved but they are not the root
+cause of the trade gap problem, Roderick said. He urged
+American manufacturers to become more competitive so they can
+compete in global markets.
+    In the speech, the USX chairman also called for changes in
+securities laws to curb what he called abuses by corporate
+raiders and speculators.
+    Among his proposals, which he presented to the Senate
+Banking Committee in testimony last week, were a requirement
+that raiders give 24-hour notice for every one pct of stock
+they acquire in a company.
+    Roderick proposed that tender offers must be made for all
+cash to all stockholders on equal terms and that raiders be
+required to have financing in place before a tender is made.
+    Further, raiders should be required to make an all-cash
+tender offer once they acquire 10 pct of a target company's
+stock, he said. And payment of greenmail, or a preferential
+price by a target company to buy back a raider's stake, should
+be prohibited under the revised laws.
+    Roderick said changes were necessary to curb abuses but
+that he did not want laws that would hurt the financial markets
+or discourage "fair price to all" takeovers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19690" NEWID="3268">
+<DATE> 9-MAR-1987 13:32:58.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0179&#31;reute
+r f BC-GULF-OF-MEXICO-RIG-CO   03-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF OF MEXICO RIG COUNT UNCHANGED THIS WEEK</TITLE>
+<DATELINE>    HOUSTON, March 9 - </DATELINE><BODY>Utilization of offshore mobile rigs in
+the Gulf of Mexico was unchanged at 35.6 pct during the past
+week, a level that has remained relatively steady since January
+due largely to a reduction of nine rigs in the Gulf fleet,
+Offshore Data Services said.
+    The total number of working rigs was 83 for the week,
+compared to 83 last week and 129 rigs one year ago.
+    Offshore Data Services said the worldwide utilization rate
+fell 0.3 pct to 53.9 pct with a total of 335 idled rigs. The
+number of rigs contracted worldwide was 392.
+    In the European-Mediterranean area, rig utilization also
+remained unchanged at 41.3 pct during the past week with 64 of
+155 rigs contracted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19691" NEWID="3269">
+<DATE> 9-MAR-1987 13:34:45.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0188&#31;reute
+u f BC-CANADIAN-PACIFIC-(CP)   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN PACIFIC (CP) CONFIRMS EARNINGS</TITLE>
+<DATELINE>    MONTREAL, March 9 - </DATELINE><BODY>Canadian Pacific Ltd said fourth
+quarter 1986 operating profit rose to 91.6 mln dlrs, or 30 cts
+a share, from 50.7 mln dlrs, or 20 cts a share, a year ago.
+    The statement confirmed released preliminary earnings
+figures the company released in February.
+    A 102.6 mln dlr gain on the sale of CP's Cominco Ltd
+interest helped raise final 1986 fourth quarter profit to 193.8
+mln dlrs or 65 cts a share.
+    The company said a drop in 1986 full-year operating profit
+to 150.1 mln dlrs from a restated 252.7 mln dlrs in 1985 was
+due mainly to lower world oil prices.
+    The company said its CP Rail division reported 1986 net
+income of 119.4 mln dlrs, compared with 133.4 mln dlrs in 1985.
+It said grain traffic recovered from drought-affected levels of
+a year ago but was offset by weakness in other traffic areas
+and increased expenses.
+    It said the net loss from its Soo Line increased to 33.5
+mln dlrs loss from 8.7 mln dlrs loss in 1985, mainly due to
+restructuring charges.
+    Canadian Pacific said favorable developments during the
+year included reduced bulk shipping losses as a result of a
+recovery in tanker markets and a turnaround in the forest
+products sector.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19692" NEWID="3270">
+<DATE> 9-MAR-1987 13:36:30.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0193&#31;reute
+r f BC-HUGHES'-U.S.-RIG-COUN   03-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES' U.S. RIG COUNT FALLS BY 35 TO 766</TITLE>
+<DATELINE>    HOUSTON, March 9 - </DATELINE><BODY>U.S. drilling activity slowed
+significantly in Texas and Oklahoma last week, resulting in the
+number of U.S. active rotary rigs to plunge by 35 to a total of
+766, against 1,212 working rigs one year ago, Hughes Tool Co.
+said.
+    Most of the decrease came among rigs used for onshore
+drilling, which dropped to a total of 671 from last week's 707.
+A total of 78 rigs were active offshore and 17 were working in
+inland waters during the week, Hughes Tool said.
+    Among individual states, Texas lost 23 working rigs,
+Oklahoma dropped by 13, Louisiana was down three and New Mexico
+dropped by one. Wyoming, Kansas and California reported gains
+of six, five and four rigs, respectively.
+    In Canada, the rig count was up 16 to 180, against 398 one
+year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19693" NEWID="3271">
+<DATE> 9-MAR-1987 13:37:39.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0198&#31;reute
+u f BC-FORD-&lt;F>-SHARES-RISE   03-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> SHARES RISE ON HIGHER EARNING ESTIMATE</TITLE>
+<DATELINE>    NEW YORK, MARCH 9 - </DATELINE><BODY>Ford Motor Co's stock rose 1-1/4 to
+82-1/4 after analyst Maryann Keller of Furman Selz Mager Dietz
+and Birney raised earnings estimates on the company, traders
+said.
+    Keller said that she expects the company's 1987 earnings to
+rise to between 13.50-to-14 dlrs a share as compared to 12.32
+dlrs a share earned last year.
+    She said Ford's already good market share is expected to
+remain favorable and earnings from overseas are expected to
+improve.
+    In addition, Keller said, the company is selling more of
+its expensive model cars, which are more profitable.
+    The non-automotive operations, including Ford Motor Credit,
+are also expected to post improved earnings this year.
+    Keller said she expects the company to split its stock and
+raise its dividend to at least three dlrs a share this year.
+    She noted that Chrysler Corp's &lt;C> announcement of a merger
+proposal for American Motors Corp &lt;AMO> should have no short
+term effect on Ford but could cut into Ford's share of the
+truck market in the long term.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19694" NEWID="3272">
+<DATE> 9-MAR-1987 13:37:58.20</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0200&#31;reute
+u f BC-ITALY-SHOWS-INTEREST   03-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY SHOWS INTEREST IN U.K. NEW CROP WHEAT</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Italy has shown interest in British new
+crop wheat recently but the actual volume booked so far by
+Italian buyers has not been large, traders said.
+    They put purchases at around 50,000 tonnes for Sept/Dec
+shipments but said some of the business was transacted at the
+start of the year.
+    Italian interior home markets have been active in recent
+weeks and traders said around 200,000 tonnes have traded
+between dealers and home consumers. Some of this has been
+covered in the market here and more possibly will be, traders
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19695" NEWID="3273">
+<DATE> 9-MAR-1987 13:38:07.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0201&#31;reute
+r f BC-DUTCH-RETAILER-AHOLD   03-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH RETAILER AHOLD SEES UNCHANGED 1987 PROFIT</TITLE>
+<DATELINE>    ZAANDAM, Netherlands, March 9 - </DATELINE><BODY>Dutch food retailer Ahold
+NV &lt;AHLN.AS> expects unchanged profits in 1987 but said it will
+take advantage of the lower dollar to expand further in the
+U.S.
+    Turnover will grow but net profits are expected to remain
+around the 1986 level of 132.4 mln guilders due to higher Dutch
+taxes and a three-year expansion plan, Ahold Chairman Albert
+Heijn told a news conference.
+    The profit forecast allows for a dollar rate around current
+levels of just over three guilders.
+    Turnover and net profit in 1986 were hit by the dollar,
+which fell to an average 2.46 guilders from 3.35 in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19696" NEWID="3274">
+<DATE> 9-MAR-1987 13:41:42.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0212&#31;reute
+r f BC-FLYING-TIGERS-&lt;TGR>-A   03-09 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLYING TIGERS &lt;TGR> ADDS AIR CARGO ROUTES</TITLE>
+<DATELINE>    LOS ANGELES, March 9 - </DATELINE><BODY>Flying Tigers said it has expanded
+its air cargo routes to include Asia-to-Europe jetfreighter
+flights.
+    The company also said it is launching a jetfreighter
+service to Milan, Italy.
+    Both routes will operate weekly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19697" NEWID="3275">
+<DATE> 9-MAR-1987 13:48:37.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0223&#31;reute
+r f BC-PITT-DES-MOINES-&lt;PDM>   03-09 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PITT-DES MOINES &lt;PDM> GETS QUALIFIED AUDIT</TITLE>
+<DATELINE>    PITTSBURGH, March 9 - </DATELINE><BODY>Pitt-Des Moines Inc said it will
+receive a qualified opinion from auditors on its 1986 and 1985
+financial statements.
+    It said the qualification related to its inability to
+determine the effects, if any, of the final resolution of a
+suit filed against it by &lt;Washington Public Power Supply
+System>.  The 1985 suit was dismissed in a 1986 lower court
+action, but the ultimate outcome of the matter is still
+uncertain since Washington Public Power has appealed to the
+U.S. Court of Appeals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19698" NEWID="3276">
+<DATE> 9-MAR-1987 13:50:07.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0229&#31;reute
+r f BC-READING-&lt;RDGC>-TO-SEL   03-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>READING &lt;RDGC> TO SELL PHILADELPHIA PROPERTIES</TITLE>
+<DATELINE>    PHILADELPHIA, March 9 - </DATELINE><BODY>Reading Co said it has agreed in
+principle to convey properties it owns in and around the
+Philadelphia Convention Center site to the city of Philadelphia
+and the Philadelphia Convention Center Authority.
+    It said in exchange it will receive about 23 mln dlrs in
+cash, rights to acquire 22 acres adjacent to the Philadelphia
+International Airport and an option to acquire the development
+rights over the Gallery II shopping mall on Market Street in
+downtown Philadelphia.
+    Reading said it will be responsible for the demolition and
+cleanup of certain of the properties, for which a portion of
+the cash proceeds will be escrowed.
+    The company said it will continue to own and operate the
+Reading Terminal Market in Philadelphia.
+    The land it is giving up amounts to about seven acrease and
+includes part of the Reading Terminal Train Shed, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19699" NEWID="3277">
+<DATE> 9-MAR-1987 13:51:13.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0232&#31;reute
+u f BC-MONTEDISON-ACQUIRES-A   03-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTEDISON ACQUIRES ARCO RESEARCH UNIT</TITLE>
+<DATELINE>    MILAN, March 9 - </DATELINE><BODY>Montedison SpA &lt;MONI.MI> has acquired a 70
+pct stake in &lt;Plant Cell Research Institute - PCRI> of
+California from Atlantic Richfield Co &lt;ARC.N> for "several tens
+of millions of dollars," a senior Montedison executive said.
+    Renato Ugo, a member of Montedison's management committee,
+told reporters that &lt;Stanford Research Institute International>
+of Menlo Park, California, had acted as a partner in the
+purchase, itself acquiring a stake in PCRI of under 10 pct.
+    PCRI, based in Dublin, California has a biotechnology
+research laboratory.
+    Ugo said the price paid included outlays for the laboratory
+technology and staff.
+    He said other negotiations were under way with
+biotechnology companies in the health care and diagnostics
+sectors through Montedison's health care subsidiary &lt;Erbamont
+NV>, but gave no details.
+    "We hope they will be concluded by the year end," he said.
+    Montedison currently invests around 30 billion lire a year
+in biotechnology research and expects to increase this figure
+to around 50 billion lire in the next few years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19700" NEWID="3278">
+<DATE> 9-MAR-1987 13:51:26.44</DATE>
+<TOPICS><D>hog</D><D>l-cattle</D><D>livestock</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0233&#31;reute
+d f BC-LMFE-TO-CONCENTRATE-O   03-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LMFE TO CONCENTRATE ON CASH SETTLED CONTRACTS</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>The London Meat Futures Exchange, LMFE,
+will cease trading in its deliverable pigmeat contract from
+April 3, the LMFE said.
+    The move will enable the exchange to concentrate on the
+cash settled contracts introduced last year.
+    "This allows the exchange and its members to concentrate our
+marketing on the pig and live cattle contracts," LMFE official
+Peter Freeman said. "These two have already shown their
+effectiveness for hedging, and the trade in both contracts is
+increasing," he added.
+    "Using the futures market allows better planning and forward
+price fixing that our industry needs," chairman Pat Elmer said.
+    Some 131 pig contracts were settled against the Meat and
+Livestock Commission's Average All Pigs Price in February,
+which represents hedging for over 13,000 pigs, more than twice
+the number cash-settled in January, the LMFE said.
+    Cash settlement on the new cattle and pig contracts was
+introduced last June in the expectation that the appeal of the
+futures market to farmers, abattoirs and users of meat would
+increase because of the absence of a delivery requirement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19701" NEWID="3279">
+<DATE> 9-MAR-1987 13:54:27.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0241&#31;reute
+r f AM-REAGAN-STAFF   03-09 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOEHLER RESIGNS AFTER ONE-WEEK AS REAGAN AIDE</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>White House communications director
+John Koehler resigned after just one week in the job, saying
+President Reagans' new chief of staff Howard Baker had a right
+to appoint his own team.
+    Koehler was hired to replace Patrick Buchanan as Reagan's
+communications chief a few days before Donald Regan quit as the
+president's top aide.
+    "I don't feel I've been jerked around ... I recognize that
+Senator Baker must have people around him for the next 22
+months that he's known for a long time, that he understands,
+that he's comfortable with and who are comfortable with him,"
+said Koehler during an appearance in the White House press
+room.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19702" NEWID="3280">
+<DATE> 9-MAR-1987 13:56:24.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0242&#31;reute
+r f AM-GULF-IRAQ   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IRAN EXAGGERATES FIGHTING IN NORTH</TITLE>
+<DATELINE>    BAGHDAD, March 9 - </DATELINE><BODY>A senior Iraqi official said today Iran
+had exaggerated reports of fighting on the Gulf war northern
+front to make up for failure in the south and to encourage
+anti-Baghdad Kurdish rebels to support its troops.
+    The head of the defence ministry political department,
+Abdul Jabbar Muhsen told Reuters in a telephone interview that
+fighting continues in the Kurdistan mountain region, where Iran
+launched its northern offensive last Tuesday night.
+    Asked about the silence of Iraqi war communiques on the
+battle he said, "Small units are taking part, the biggest of
+which is brigade size.
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19703" NEWID="3281">
+<DATE>  9-MAR-1987 13:58:36.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0248&#31;reute
+w f BC-TCN-COMPLETES-INSTALL   03-09 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TCN COMPLETES INSTALLATION OF SWITCHING SYSTEM</TITLE>
+<DATELINE>    SAN ANTONIO, Tex., March 9 - </DATELINE><BODY>&lt;TCN Inc>, a long distance
+phone service, said it has completed installing it
+state-of-the-art switching system.
+    TCN also said it began building a fiber optic transmission
+network to initially link San Antonio, Austin, Dallas and
+Houston, Texas.
+    TCN said the service will expand during the second quarter
+1987 to include service to California and Florida.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19704" NEWID="3282">
+<DATE> 9-MAR-1987 14:03:17.32</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>grain</D><D>corn</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0255&#31;reute
+b f BC-CBT-TRADERS-SEE-LOWER   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT TRADERS SEE LOWER SOYBEAN EXPORT INSPECTIONS</TITLE>
+<DATELINE>    CHICAGO, March 9 - </DATELINE><BODY>The USDA's weekly export inspection
+report is expected to show a decline in soybean exports and
+steady to slightly lower corn and wheat exports, according to
+CBT floor traders' forecasts.
+    Traders projected soybean exports at 15 mln to 16 mln
+bushels, down from 20.3 mln bushels a week ago and 25.5 mln
+bushels a year ago.
+    Corn guesses ranged from 20 mln to 25 mln bushels, compared
+with 21.9 mln bushels a week ago and 28.2 mln a year ago.
+    Wheat guesses ranged from 13 mln to 18 mln bushels,
+compared with 14.1 mln bushels a week ago and 17.9 mln a year
+ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19705" NEWID="3283">
+<DATE> 9-MAR-1987 14:03:57.32</DATE>
+<TOPICS><D>interest</D><D>stg</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0260&#31;reute
+b f BC-PRIMARY-EUROSTERLING   03-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIMARY EUROSTERLING MARKET BOOMS DESPITE RATE CUT</TITLE>
+<AUTHOR>    By Dominique Jackson, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Two new eurosterling bonds were launched
+today, making a total of 10 new deals in the sector so far this
+month, as borrowers rush to cash in on a bull sterling market
+fueled by the strength of the pound and pre-budget euphoria.
+    The Bank of England finally gave way to a 1/2 point cut in
+banks' base lending rates earlier today, but dealers said this
+had been largely discounted and was not likely to detract from
+the current popularity of sterling-denominated investments.
+    "Sterling, in any shape or form, is flavor of the month and
+we're set to see many more eurosterling deals," one dealer said.
+    Today's new eurosterling bonds were a 10-year, 100 mln stg
+deal for Sweden at 9-1/2 pct and priced at 101-1/4 pct, lead by
+Baring Brothers and Co Ltd and a 14 year 60 mln stg convertible
+deal for Storehouse Plc launched by SBCI International Ltd. "We
+thought we saw a proverbial flood of new deals with the 14 we
+had last month but it seems March will beat February hands down
+with 10 already," one eurosterling specialist said.
+    "Optically, psychologically, these single figures are much
+more attractive for the borrower. Eurosterling looks like a
+cheap and attractive way to raise your money," he added.
+    This accounts for the wide variety of borrowers who have
+tapped the sector recently, ranging from sovereigns such as the
+Kingdom of Sweden today, continental banks including
+Commerzbank and Deutsche Bank and British corporations.
+    Another U.K. Merchant bank analyst noted that the current
+vogue for eurosterling enabled several corporate borrowers last
+month to offer paper priced below comparative gilt yields.
+    A Storehouse official confirmed that the issue was aimed at
+Swiss and German investors who were showing good interest.
+    This is the first entry into the long term international
+capital markets by Storehouse, British designer Terence
+Conran's retail conglomerate which incorporates U.K. Chain
+stores Mothercare, British Home Stores and Habitat.
+    "We have been considering the move for quite some time now
+and the current strength of the eurosterling sector provided
+the perfect opportunity and spur for us to finally tap the
+market," Lance Moir, corporate treasurer at Storehouse Plc told
+Reuters.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19706" NEWID="3284">
+<DATE>  9-MAR-1987 14:04:16.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0264&#31;reute
+u f BC-MCDONNELL-&lt;MD>-SAID-T   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL &lt;MD> SAID TALKS AT INFORMAL STAGE</TITLE>
+<DATELINE>    CHICAGO, March 9 - </DATELINE><BODY>McDonnell Douglas Corp said recent talks
+with Airbus Industries about joint development and production
+of a new jetliner with the European aircraft manufacturing
+consortium have been very informal.
+    "If there have been talks, they were casual at best," said
+a source at the company. "There is nothing going on that would
+lead to immediate or near-term collaboration" on a new plane.
+    Senior officials at the aerospace firm's St. Louis
+headquarters were unable to comment more specifically on
+weekend published reports from Europe that talks about a joint
+venture have resumed after they broke off last fall.
+    McDonnell Douglas and Airbus last spring and summer had
+discussed jointly developing and building a long-range aircraft
+to compete with Boeing Co &lt;BA> 747 wide-body jetliner, or its
+successor. Talks ended when neither side wanted to forego plans
+to launch its own widebody jetliner projects - McDonnell
+Douglas with its MD-11 and Airbus with its A340.
+    McDonnell Douglas has since launched the MD-11 jetliner, a
+successor to its DC-10, and has more than 100 orders and
+options.
+    Airbus wants to launch its program this spring and is now
+seeking customers for the long-range A340 and a companion
+plane, the shorter-range A330.
+    "I don't want to say we're not interested, because we are
+in any collaboration that benefits McDonnell Douglas without it
+giving up anything," the source told Reuters. "There just
+haven't been in-depth discussions."
+    He said any joint venture would not affect the MD-11
+program already underway.
+    McDonnell Douglas last month claimed Airbus tried to
+overturn pledges made by airlines to buy the MD-11 by offering
+cut-rate prices for the A340.
+    The firm said Airbus, in an effort to line up enough
+customers to launch the program, is engaging in "predatory
+practices" with prices substantially below those needed to
+recover the cost of developing and building the plane.
+    U.S. government and aerospace industry officials believe
+Airbus can offer low prices because the consortium gets
+government subsidies that cover many of its costs.
+    The Reagan Administration decided last month to consult the
+General Agreement on Tariff and Trade, GATT, to determine
+whether Airbus is unfairly subsidized. Under GATT rules an
+enterprise can be subsidized but only if it will make a profit.
+    U.S. officials say Airbus countries have poured 15 billion
+dlrs into Airbus since the early 1970's and the consortium has
+yet to make a profit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19707" NEWID="3285">
+<DATE> 9-MAR-1987 14:06:39.90</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>south-africa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0269&#31;reute
+d f BC-EUROPE-SHIPPING-EXPOR   03-09 0163</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPE SHIPPING EXPORTS TO S AFRICA OFF 40 PCT</TITLE>
+<DATELINE>    JOHANNESBURG, March 9 - </DATELINE><BODY>The volume of European exports to
+South Africa carried by container line vessels has declined 40
+pct in the last two years, British shipping executive Antony
+Butterwick said.
+    Butterwick told reporters that despite the drop and low
+freight rates, the shipping conference he heads will increase
+the frequency of sailings to South Africa as a "very strong act
+of faith and confidence" in the country's future.
+    He is chairman of the Europe South and South-East African
+Conference Lines and joint managing director of P and O
+Containers Ltd.
+    A statement issued by the conference here said frequency of
+Southern Africa/Europe container service sailings is being
+increased from nine to seven days.
+    "This is the most positive development on the shipping front
+between South Africa and its main trading partners in Europe
+for more than four years, when the service last operated
+weekly," it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19708" NEWID="3286">
+<DATE> 9-MAR-1987 14:07:18.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0271&#31;reute
+u f BC-AIRBUS-HAS-NO-COMMENT   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRBUS HAS NO COMMENT ON MCDONNELL TALKS</TITLE>
+<DATELINE>    PARIS, March 9 - </DATELINE><BODY>European consortium &lt;Airbus Industrie>
+said it had no comment on press reports that it had resumed
+talks with U.S. &lt;McDonnell Douglas Corp.> over a possible joint
+development and production of airliners.
+    A spokesman at Airbus headquarters in Toulouse said in a
+telephone interview: "We have no knowledge of talks and have no
+comment to make."
+    Talks broke off last autumn after the two rivals failed to
+agree on cooperation over a new long-range jet. McDonnell
+Douglas wanted Airbus to help build its MD-11, while Airbus
+insisted McDonnell drop the MD-11 and cooperate over its A340.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19709" NEWID="3287">
+<DATE> 9-MAR-1987 14:08:16.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0273&#31;reute
+d f BC-MATHEMATICAL-APPLICAT   03-09 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MATHEMATICAL APPLICATIONS SETS OPERATIONS SALE</TITLE>
+<DATELINE>    ELMSFORD, N.Y., March 9 - </DATELINE><BODY>Mathematical Applications Group
+Inc said it has signed a letter of intent to sell all of its
+operating business and will propose a plan of liquidation
+following the sale.
+    If the company is unsuccessful in obtaining the approvals
+needed for the sale and liquidation, it said, the company may
+be required to initiate reorganization proceedings under
+federal bankruptcy law to facilitie the distribution of its
+assets.
+    Mathematical Applications said it tentatively agreed to
+sell its direct marketing business to Pagex Inc for 400,000
+dlrs plus an amount equal to the working capital of the
+business at closing as well as a 1.7 mln dlr note payable in
+installments over six years.
+    Mathematical Applications said the business' working
+capital is estimated to be about 600,000 dlrs.
+    Pagex has been formed by Paul A. Goldner the owner of Pagex
+Systems Inc, which is also engaged in the direct marketing
+computer service business.
+    Mathematical Applications said the tentative agreement
+calls for Pagex to buy substantially all of the assets and
+liabilities related to the direct marketing business and
+continue to use the Mathematical Applications name.
+    It said the sale is also subject to renegotiation of a real
+estate lease and approval of a definitive agreement by the
+company's board, stock holders and debenture holders.
+    The company said it has obtained waivers from holders of
+its six mln dlrs principal amount of debentures due March 31,
+1993, to defer interest payments aggregating 270,000 dlrs
+through March 31, 1987. The company said it will seek waivers
+to defer these interest payments, and those due March 31, for
+enough time to enable the company to accomplish the proposed
+sale of its operations.
+    Mathematical Applications said it is talking to debenture
+holders, its landlord, a lessor of equipment to the marketing
+operation and holders of other liabilities not being assumed by
+Pagex to arrange distribution of assets after the proposed
+sale, adding that these assets will be significantly less than
+its liabilities.
+    The company said it has obtained waivers from holders of
+its six mln dlrs principal amount of debentures due March 31,
+1993, to defer interest payments aggregating 270,000 dlrs
+through March 31, 1987. The company said it will seek waivers
+to defer these payments, and those due March 31, for enough
+time to accomplish the proposed sale of its operations.
+    Mathematical Applications said it is talking to debenture
+holders, its landlord, a lessor of equipment to the marketing
+operation and holders of liabilities Pages is not assuming to
+arrange distribution of assets after the proposed sale, adding
+these assets will be significantly less than its liabilities.
+    As part of the distribution of assets, the company said, it
+expects shareholders to receive an amount based on the bid
+price of the company's stock, which was 1/16 on March five.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19710" NEWID="3288">
+<DATE> 9-MAR-1987 14:08:53.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0274&#31;reute
+b f BC-******UNION-CARBIDE-F   03-09 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNION CARBIDE FILES TO OFFER 500 MLN DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19711" NEWID="3289">
+<DATE> 9-MAR-1987 14:10:49.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0281&#31;reute
+d f BC-SEN.-ZORINSKY'S-DEATH   03-09 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEN. ZORINSKY'S DEATH RAISES POLICY QUESTIONS</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>With the death of Sen. Edward
+Zorinsky (D-Neb.), Midwestern grain farmers have lost an ally
+who from his senior post on the Senate Agriculture Committee
+had fought hard against cutbacks in farm benefits.
+    Zorinsky's passing could trim the Democrats' majority in
+the Senate and change the makeup of the Senate farm panel.
+    Zorinsky, who died of a heart attack last Friday, was the
+second-ranking Democrat on the Senate Agriculture Committee and
+chairman of the crucial subcommittee on agricultural production
+and stabilization of prices.
+    Once a Republican, Zorinsky was fiscal conservative. But he
+was an outspoken critic of Reagan administration proposals to
+trim target prices, and at the time of his death was girding
+himself for another push for mandatory supply controls.
+    If Melcher decides, however, to continue as chairman of the
+subcommittee on agricultural research, conservation, forestry
+and general legislation, other Democrats would have a crack at
+the vacated chairmanship.
+    By order of seniority, those senators would be David Pryor
+(Ark.), David Boren (Okla.), Howell Heflin (Ala.) and Tom
+Harkin (D-Iowa), a forceful advocate of mandatory supply
+controls.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19712" NEWID="3290">
+<DATE> 9-MAR-1987 14:11:11.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0284&#31;reute
+r f BC-FINANCIAL-CORP-&lt;FIN>   03-09 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL CORP &lt;FIN> UNIT COMPLETES PURCHASE</TITLE>
+<DATELINE>    IRVINE, Calif., March 9 - </DATELINE><BODY>Financial Corp of America's
+American Savings and Loan Association said it completed the
+previously announced purchase of 16 retail savings branches
+from Great Western Financial Corp's &lt;GWF> Great Western
+Savings.
+    American Savings said the purchases boost its deposits by
+about 550 mln dlrs, but do not affect its asset base.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19713" NEWID="3291">
+<DATE> 9-MAR-1987 14:17:09.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0301&#31;reute
+u f AM-ARMS-TALKS   03-09 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., SOVIETS TO RESUME TALKS ON MEDIUM-RANGE MISSILES</TITLE>
+<DATELINE>    GENEVA, March 9 - </DATELINE><BODY>American and Soviet arms negotiators will
+resume talks on curbing medium-range nuclear missiles here
+tomorrow, a U.S. Spokesman said.
+    The negotiations on nuclear and space arms formally
+recessed their seventh round last Friday.
+    But both sides agreed that the group dealing with
+Intermediate Nuclear Forces (INF) would continue its work,
+following proposals introduced last week by both superpowers
+for deep cuts in those weapons.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19714" NEWID="3292">
+<DATE> 9-MAR-1987 14:18:30.70</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>bis</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0303&#31;reute
+r f BC-CENTRAL-BANKERS-SATIS   03-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANKERS SATISFIED WITH PARIS ACCORD</TITLE>
+<DATELINE>    BASLE, Switzerland, March 9 - </DATELINE><BODY>Central bankers said they
+were generally satisfied with the response to the Paris accord
+two weeks ago to stabilize currencies at around current levels.
+    Speaking after a meeting at the Bank for International
+Settlements (BIS), which reviewed the agreement, they also
+welcomed interest rates cuts in France and today's drop in
+British rates.  One top official said the rate cuts would help
+to stimulate growth generally in Europe and welcomed that
+countries other than West Germany were seen to be helping
+sustain the economy. 
+    The central bankers, who spoke on the condition they not be
+named, said the meeting of governors from the Group of 10
+countries also heard a report from Michel Camdessus, the new
+managing director of the International Monetary Fund, on the
+IMF's latest assessment of the debt crisis. In particular, they
+discussed Brazil's debt moratorium.
+    But there was no sense of urgency, they said, and Brazil
+had made no appeal for bridging loans from the BIS or central
+banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19715" NEWID="3293">
+<DATE> 9-MAR-1987 14:19:01.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0305&#31;reute
+b f BC-UNION-CARBIDE-&lt;UK>-FI   03-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION CARBIDE &lt;UK> FILES 500 MLN DLR DEBT OFFER</TITLE>
+<DATELINE>    DANBURY, CONN., March 9 - </DATELINE><BODY>Union Carbide Corp said it filed
+a registration statement with the Securities and Exchange
+Commission covering 250 mln dlrs of senior subordinated notes
+due 1994 and 250 mln dlrs of convertible subordinated
+debentures due 2012.
+    The notes, which will be callable after 1992, will be
+underwritten by First Boston Corp.
+    First Boston is co-lead underwriter with Morgan Stanley and
+Co of the debentures, which will be convertible into Union
+Carbide common at any time prior to maturity, unless previously
+redeemed.
+    Union Carbide said it will use the proceeds of the issues
+to repay debt incurred in connection with a recapitalization
+plan unveiled in November 1986.
+    The plan was aimed at reducing debt levels and interest
+expense, strengthening the chemical company's finances and
+increasing its operating flexibility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19716" NEWID="3294">
+<DATE> 9-MAR-1987 14:20:01.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0307&#31;reute
+u f BC-SALLIE-MAE-PRICES-SHO   03-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALLIE MAE PRICES SHORT-TERM FLOATING RATE NOTES</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Student Loan Marketing
+Association said it priced its 300 mln dlr short-term floating
+rate note offer at par to yield 25 basis points above the
+bond-equivalent yield of the 91-day Treasury bill.
+    Sallie Mae said previously interest on the notes, which are
+for settlement March 12 and are due Sept 10, 1987, will be
+reset the day following each weekly T-bill auction.
+    When-issued trading is expected to begin at 0930 hrs EST
+tomorrow, it said.
+    Sallie Mae said it generally offers short-term floating
+rate notes each month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19717" NEWID="3295">
+<DATE> 9-MAR-1987 14:22:55.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0312&#31;reute
+h f BC-JOHNSON-PRODUCTS-&lt;JPC   03-09 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSON PRODUCTS &lt;JPC> SELLS TWO SUBSIDIARIES</TITLE>
+<DATELINE>c    CHICAGO, March 9 - </DATELINE><BODY>Johnson Products Co Inc said it
+completed the sale of Debbie's School of Beauty Culture Inc and
+the assets of Ultra Precise Beauty Boutique Inc to management.
+    It said the sale price of 2,533,000 dlrs consisted of
+700,000 dlrs cash, a secured promissory note for 1,506,000 dlrs
+and the forgiveness of a debt of 327,000 dlrs owed by Johnson
+Products to Debbie's School.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19718" NEWID="3296">
+<DATE> 9-MAR-1987 14:25:02.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0316&#31;reute
+u f BC-NEW-AGENCY-TO-GIVE-CR   03-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW AGENCY TO GIVE CREDIT RATINGS ON EUROBONDS</TITLE>
+<DATELINE>    London, March 9 - </DATELINE><BODY>A newly formed credit rating agency based
+in London, EuroRatings Ltd, said it will begin providing
+evaluations of the quality of eurobond offerings including the
+first-ever ratings of some of the U.K. And Irish clearing
+banks.
+    The agency said that already, it has published ratings on
+90 issues of 45 euromarket issuers.
+    Among the bank issues never rated publicly are long-term
+debt securities of LLoyd's Bank PLC Allied Irish Banks, Bank of
+Ireland and Bank of Scotland.
+    Shareholders in the new firm are Fitch Investors Service
+inc, a U.S.-based rating agency and Compagnie Belge
+D'Assurance- Credit S.A., A credit insurance firm, which is a
+subsidiary of Societe Generale de Belgique.
+           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19719" NEWID="3297">
+<DATE> 9-MAR-1987 14:26:05.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0319&#31;reute
+d f BC-ELI-LILLY-AND-CO-&lt;LLY   03-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELI LILLY AND CO &lt;LLY> GETS DRUG APPROVAL</TITLE>
+<DATELINE>    INDIANAPOLIS, March 9 - </DATELINE><BODY>Eli Lilly and Co said it obtained
+approval from the U.S. Food and Drug Adminstration to market
+the natural sequence human growth hormone, humatrope, made by
+recombinant DNA technolgoy.
+    The company said humatrope is identical in chemistry and
+structure to the growth hormone produced by the human body. It
+is the only commercially available biosysnthetic human growth
+hormone that is identical to naturally-occurring growth
+hormone, according to the company.
+    It said humatrope is indicated only for the long term
+treatment of children who have growth failure due to an
+inadequate secretion of the body's own normal growth hormone.
+    Humatrope joins humulin, human insulin in Eli Lilly and
+Co's line of human health care products of recombinant DNA
+origin.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19720" NEWID="3298">
+<DATE> 9-MAR-1987 14:27:33.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0325&#31;reute
+u f BC-PIEDMONT   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> SEEKS TWO BILLION LOAN FOR TAKEOVERS</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>USAir Group Inc said it seeking two
+billion dlrs in bank debt to complete its takeover of Piedmont
+Aviation Inc &lt;PIE> and its pending acquisition of PS Group
+Inc's Pacific Southwest Airlines.
+    In a filing with the Securities and Exchange Commission
+that details its proposed 69 dlr a share cash tender offer for
+Piedmont, USAir said Manufacturers Hanover Trust Co &lt;MHC>
+"indicates its willingness" in a March 6 letter to provide up
+to 500 mln dlrs of the financing.
+    Manufacturers Hanover would also to act as agent for a bank
+group to raise the rest of the financing, USAir said.
+    USAir said a Manufacturers Hanover affiliate is currently
+agent for its 400 mln dlrs revelving credit facility, which
+would be replaced by the proposed two billion dlr financing.
+    USAir put its total cost of completing the tender offer at
+1.7 billion dlrs. Its Pacific Southwest takeover, which has
+received federal approval and is due to come up for shareholder
+approval later this month, is for 17 dlrs a share, or 400 mln
+dlrs total.
+    USAir said it has already bought 2.3 mln Piedmont common
+shares, or 9.9 pct of the total outstanding from Norfolk
+Southern Corp &lt;NSC> for 161.9 mln dlrs.
+    The tender offer, which is being made through a USAir
+subsidiary, USAG Acquisition Corp, would not be valid unless
+USAir is left with more than half of Piedmont's total
+outstanding common stock after the April 3 expiration.
+    While negotiations on terms and interest rates of its bank
+loans are not yet complete, USAir said it expects them to be in
+the form of a one billion dlr two-year term loan and a one
+billion dlr seven-year revolving credit facility.
+    The company said it expects to repay the two-year loan
+through equity, preferred and debt offerings and possibly
+internal funds and the sale and/or leaseback of aircraft.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19721" NEWID="3299">
+<DATE> 9-MAR-1987 14:32:16.60</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>oilseed</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0329&#31;reute
+f f BC-export-inspections   03-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 18,616 WHEAT 16,760 CORN 25,193
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19722" NEWID="3300">
+<DATE> 9-MAR-1987 14:38:46.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0360&#31;reute
+d f BC-PITNEY-BOWES-&lt;PBI>-UN   03-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PITNEY BOWES &lt;PBI> UNIT TO MARKET SUDBURY SYSTEM</TITLE>
+<DATELINE>    RYE, N.Y., March 9 - </DATELINE><BODY>Pitney Bowes Inc's Dictaphone Corp
+subsidiary said it has contracted the exclusive right to sell
+&lt;Sudbury Systems Inc>'s RTAS digital dictation system in
+medical markets in the United States.
+    Inaddition, Dictaphone said, it will market RTAS in
+non-medical marekts on a non-exclusive basis. RTAS is a
+centralized system which provides users with 24-hour instant
+access to dictated reports from any remote location. Dictaphone
+has been selling the RTAS system since 1984.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19723" NEWID="3301">
+<DATE> 9-MAR-1987 14:39:02.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0362&#31;reute
+d f BC-XYVISION-&lt;XYVI>-GETS   03-09 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XYVISION &lt;XYVI> GETS 1.9 MLN DLRS IN ORDERS</TITLE>
+<DATELINE>    WAKEFIELD, Mass., March 9 - </DATELINE><BODY>Xyvision Inc said it has
+received 1,900,000 dlrs in orders for its computer-integrated
+publishing systems from nine commercial customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19724" NEWID="3302">
+<DATE> 9-MAR-1987 14:40:52.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0367&#31;reute
+r f BC-jannock-acquires-50   03-09 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JANNOCK ACQUIRES 50 PCT OF INTERCON SECURITY</TITLE>
+<DATELINE>    TORONTO, March 9 - </DATELINE><BODY>&lt;Jannock Ltd> said it acquired a 50 pct
+interest in Intercon Security Ltd for five mln dlrs and
+Intercon founders Brian Legge and Richard Grange will hold the
+remaining 50 pct and will continue to manage the company.
+    Intercon Security, employing 850 people, provides a full
+range of security equipment and services, Jannock said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19725" NEWID="3303">
+<DATE> 9-MAR-1987 14:43:49.67</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E
+&#22;&#22;&#1;f0372&#31;reute
+r f BC-CANADIAN-OIL-COMPANIE   03-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE> CANADIAN OIL COMPANIES RAISE CRUDE PRICES</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Petro-Canada, the state-owned oil
+company, said it raised the contract price it will pay for
+crude oil 64 Canadian cts a barrel, effective March six.
+    Petro-Canada's posted price for the benchmark light sweet
+grade, Edmonton/Swann Hills at 40 api gravity, now stands at
+21.95 Canadian dlrs/bbl. Their light sour grade is posted at
+19.88 Canadian dlrs/bbl.
+    Earlier today, Shell Canada &lt;SHC> said it raised its crude
+postings about 47 Canadian cts/bbl, bringing Edmonton light
+sweet to 21.95 Canadian dlrs/bbl, and the light sour crude to
+19.95 Canadian dlrs/bbl.
+    Imperial oil &lt;IMO.A>, a 70 pct owned subsidiary of Exxon
+Corp, said that effective March five it also raised its light
+sweet crude posting to 21.95 Canadian dlrs/bbl.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19726" NEWID="3304">
+<DATE> 9-MAR-1987 14:45:45.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0375&#31;reute
+f f BC-FORD-REVIEW   03-09 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORD MOTOR CO, FORD MOTOR CREDIT MAY BE RAISED BY MOODY'S, AFFECTS 23 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19727" NEWID="3305">
+<DATE> 9-MAR-1987 14:46:29.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0376&#31;reute
+f f BC-******DART-GROUP-SAID   03-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DART GROUP SAID IT OFFERS TO BUY SUPERMARKETS GENERAL AT 41.75 DLRS/SHR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19728" NEWID="3306">
+<DATE> 9-MAR-1987 14:47:07.96</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0379&#31;reute
+r f BC-FINAL-50/50-CORN-CERT   03-09 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINAL 50/50 CORN CERTS SEEN AT 1.6 BILLION DLRS</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Agriculture Department will have
+to release an estimated 1.6 billion dlrs worth of in-kind
+certificates, or certs, to corn farmers this fall if USDA
+decides to maintain an equal split of total 1986 feedgrain
+deficiency payments in cash and certs, USDA officials said.
+    Final 1986 crop deficiency payments will be available to
+feed grain producers in October. Wheat deficiency payments for
+the 1986 crop, now complete, were made in a 50/50
+cash-certificate split, and USDA officials have indicated they
+want to do the same for feedgrains.
+    Over 3.2 billion dlrs of an estimated 6.0 billion in corn
+deficiency payments have already been announced, with 1.42
+billion dlrs (43 pct) set in certificates. The final payment
+must be 1.6 billion dlrs in certs (57 pct) for a 50/50 split.
+    However, the release this month of almost 600 mln dlrs of
+deficiency payments was equally divided in cash and certs,
+doing nothing to bring up the percentage of certs.
+    Some USDA analysts said the payments reflected hesitation
+from the Office of Managament and Budget to allow another huge
+release of certs onto the market.
+    Bills are pending in Congress to move up the final
+feedgrain deficiency payment to "as soon as five months after
+harvest as possible," rather than the current year lag time.
+    Neither Rep. Edward Madigan (R-Ill.) nor Sen. Bob Dole
+(R-Kans.), sponsors of the bills, have brought the legislation
+forward. Aides said timing will depend on budget discussions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19729" NEWID="3307">
+<DATE> 9-MAR-1987 14:50:50.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0400&#31;reute
+d f BC-FAA-ENDORSES-SINGER-&lt;   03-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAA ENDORSES SINGER &lt;SMF> WIND SHEAR SIMULATOR</TITLE>
+<DATELINE>    DALLAS/FORT WORTH AIRPORT, Texas, March 9 - </DATELINE><BODY>Singer Co said
+its flight simulator designed to train pilots in dealing with
+wind shear was endorsed by the Federal Aviation Administration,
+FAA.
+    The wind sheer profile will be available on all of Singer's
+SimuFlite Training International Phase II jet simulators by
+mid-1987, the company said.
+    While the company can use the device to train pilots
+without the FAA evaluation and qualification, it said the FAA
+act is an endorsement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19730" NEWID="3308">
+<DATE> 9-MAR-1987 14:53:33.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0405&#31;reute
+d f BC-J.W.-MAYS-INC-&lt;MAYS>   03-09 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.W. MAYS INC &lt;MAYS> COMPLETES PAYMENTS</TITLE>
+<DATELINE>    BROOKLYN, N.Y., March 9 - </DATELINE><BODY>J.W. Mays Inc said it made the
+final payment of 84,519 dlrs due its unsecured creditors under
+its reorganization plan.
+    The company said it has been out of bankrputcy since
+February 14, 1984 and has now made its final payment to
+creditors.
+    Mays said it had until March 1, 1988 to pay certain
+interest due to unsecured creditors but has elected to prepay
+that interest now.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19731" NEWID="3309">
+<DATE> 9-MAR-1987 14:56:10.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0408&#31;reute
+r f BC-BCI-HOLDINGS-TO-SELL   03-09 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BCI HOLDINGS TO SELL BOTTLED WATER DIVISION</TITLE>
+<DATELINE>    CHICAGO, March 9 - </DATELINE><BODY>&lt;BCI Holdings Corp>  said its &lt;Beatrice
+U.S. Food Corp> retained Shearson Lehman Brothers Inc to assist
+in the sale of its national bottled water business.
+    It said products of the subsidiary, based in Monterey Park,
+Calif., are sold under the Arrowhead brand name in California
+and Arizona, the Ozarka name in Texas and the Great Bear name
+in 11 northeastern states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19732" NEWID="3310">
+<DATE> 9-MAR-1987 14:56:21.01</DATE>
+<TOPICS><D>cocoa</D><D>coffee</D><D>sugar</D><D>heat</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ipe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0409&#31;reute
+d f BC-LCE-AND-IPE-ELECT-FIR   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LCE AND IPE ELECT FIRST TRADED OPTIONS MEMBERS</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>The first 23 members have been elected to
+the joint traded options facility of the London Commodity
+Exchange (LCE) and the International Petroleum exchange (IPE),
+the exchanges said in a statement.
+    More firms have applied and the final tranche will be
+admitted on April one and trading is planned to start in early
+June on the new trading floor on Commodity Quay.
+    Traded options need a volatile and liquid futures base to
+succeed and chairman of the joint formation committee Jack
+Patterson said the existing LCE cocoa, coffee, sugar and IPE
+gas oil contracts should have no difficulty in providing this.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19733" NEWID="3311">
+<DATE> 9-MAR-1987 15:01:33.69</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0427&#31;reute
+f f BC-soviet-imports-snap   03-09 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USDA ESTIMATES 1986/87 USSR GRAIN IMPORTS  26.0 MLN TONNES VS 23.0 IN FEB, 29.9 IN 1985/86
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19734" NEWID="3312">
+<DATE> 9-MAR-1987 15:01:44.19</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0428&#31;reute
+f f BC-soviet-crop-est-snap   03-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USDA ESTIMATES 1986 SOVIET GRAIN CROP  AT 210 MLN TONNES VS 210 IN FEB, 192 YEAR-AGO
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19735" NEWID="3313">
+<DATE> 9-MAR-1987 15:02:02.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0429&#31;reute
+b f BC-/DART-&lt;DARTA>-MAKES-O   03-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DART &lt;DARTA> MAKES OFFER FOR SUPERMARKETS &lt;SGL></TITLE>
+<DATELINE>    LANDOVER, Md., March 9 - </DATELINE><BODY>Dart Group Corp said it offered to
+buy Supermarkets General Corp for 41.75 dlrs per share in cash.
+    Earlier Supermarkets General said an "unsolicited third
+party" had made the offer. Analysts estimated the value at
+about 1.6 billion dlrs, based on 38.5 mln shares outstanding.
+    Kidder, Peabody and Co Inc told Dart that Kidder's
+affiliate will be prepared to advance up to 750 mln dlrs on a
+subordinated basis.
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19736" NEWID="3314">
+<DATE>  9-MAR-1987 15:07:36.56</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0452&#31;reute
+u f BC-USSR-crop-estimate   03-09 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ESTIMATES SOVIET WHEAT, COARSE GRAINS</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The U.S. Agriculture Department
+forecast the Soviet 1986/87 wheat crop at 92.30 mln tonnes, vs
+92.30 mln tonnes last month. It put the 1985/86 crop at 78.10
+mln tonnes, vs 78.10 mln tonnes last month.
+    Soviet 1986/87 coarse grain production is estimated at
+103.30 mln tonnes, vs 103.30 mln tonnes last month. Production
+in 1985/86 is projected at 100.00 mln tonnes, vs 99.99 mln
+tonnes last month.
+    USSR wheat imports are forecast at 15.00 mln tonnes in
+1986/87, vs 14.00 mln tonnes last month. Imports in 1985/86 are
+put at 15.70 mln tonnes, vs 15.70 mln tonnes last month. USDA
+estimated Soviet 1986/87 coarse grain imports at 10.00 mln
+tonnes, vs 8.00 mln tonnes last month, and 1985/86 imports at
+13.70 mln tonnes, vs 13.70 mln tonnes last month.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19737" NEWID="3315">
+<DATE>  9-MAR-1987 15:08:43.14</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0458&#31;reute
+b f BC-oj-yield   03-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ORANGE JUICE YIELD ESTIMATE</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The U.S. Agriculture Department
+projected an average yield of 1.47 gallons of frozen
+concentrated orange juice per box (42.0 degree brix equivalent)
+from Florida's 1986/87 crop.
+    That compares with 1.46 gallons per box previously and 1.38
+gallons per box from the 1985/86 crop.
+    The crop reporting board said the estimates for the 1986/87
+season are based on maturity and yields tests as of March 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19738" NEWID="3316">
+<DATE> 9-MAR-1987 15:11:39.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0463&#31;reute
+u f BC-S/P-MAY-DOWNGRADE-CAE   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY DOWNGRADE CAESARS WORLD &lt;CAW> DEBT</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Standard and Poor's Corp said it is
+reviewing debt of Caesars World Inc with negative implications
+following New York investor Martin Sosnoff's 725.2 mln dlr bid
+to buy the Caesars World common shares he does not yet own.
+    The issues include Caesars World's BB-rated senior debt and
+single-B-plus subordinated debt, and Caesars World Finance
+Corp's B-plus subordinated debt, guaranteed by the parent.
+About 230.8 mln dlrs of debt is affected.
+    S and P said that, if successful, the debt financed
+acquisition would greatly increase the firm's financial risk
+and cause a marked drop in earnings and cash flow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19739" NEWID="3317">
+<DATE> 9-MAR-1987 15:13:31.49</DATE>
+<TOPICS><D>potato</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0469&#31;reute
+u f BC-USDA-WINTER/SPRING-PO   03-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA WINTER/SPRING POTATO ESTIMATES</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The U.S. Agriculture Department
+estimated 1987 winter potato production, based on March 1
+conditions, at 2,788,000 cwts (100 lbs), vs 2,764,000 cwts
+indicated last month and 2,991,000 cwts last year.
+    The department estimated winter potato area for harvest at
+11,900 acres, vs 11,900 acres last month and 12,300 acres in
+1986.
+    The yield per harvested acre for winter potatoes is
+estimated at 234 cwts per acre, vs 243 cwts last year.
+    The department also projected 1987 spring potato crop area
+planted at 79,300 cwts, vs 77,400 cwts last year, and area for
+harvest at 76,700 acres, vs 75,900 acres harvested last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19740" NEWID="3318">
+<DATE> 9-MAR-1987 15:14:11.17</DATE>
+<TOPICS><D>carcass</D><D>livestock</D><D>hog</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0473&#31;reute
+u f BC-MEATPACKERS-STRIKE-MO   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEATPACKERS STRIKE MORRELL SIOUX CITY PLANT</TITLE>
+<DATELINE>    CHICAGO, March 9 - </DATELINE><BODY>About 800 members of the United Food and
+Commercial Workers Union, UFCWU, struck John Morrell's Sioux
+City, Iowa, pork processing plant at midnight Sunday, a
+spokesman for the UFCWU national said.
+    Meatpackers at the plant have been working without a
+contract since the old pact expired January 31, UFCWU spokesman
+John Mancuso said. The plant can slaughter and process about
+13,000 to 14,000 hogs a day, he estimated.
+    The UFCWU bargaining committee and full membership rejected
+in late January a contract proposal by John Morrell, a
+subsidiary of United Brands Inc, he said.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19741" NEWID="3319">
+<DATE>  9-MAR-1987 15:14:31.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0475&#31;reute
+r f BC-CHRYSLER-&lt;C>-TO-CLOSE   03-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> TO CLOSE INDIANA ELECTRICAL PLANT</TITLE>
+<DATELINE>    DETROIT, March 9 - </DATELINE><BODY>Chrysler Corp said over the next two
+years it will phase out production at its Indianapolis
+Electrical Plant, which currently employs 975 hourly hourly and
+salaried workers.
+    The company said that its recently concluded study
+indicated the plant, now operating at less than 50 pct
+capacity, could not be competitive in an increasingly
+competitive automotive market in the production of
+electro-mechanical automotive components.
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19742" NEWID="3320">
+<DATE>  9-MAR-1987 15:16:25.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0482&#31;reute
+u f BC-CAESARS-WORLD-&lt;CAW>-B   03-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAESARS WORLD &lt;CAW> BID VALUED AT 907 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>MTS Acquisition Corp said it will need
+about 907 mln dlrs to acquire the 31,781,461 Caesars World Inc
+shares not owned by its owner, Martin T. Sosnoff.
+    The estimate came in MTS Acquisition's proxy statement to
+Caesars World shareholders describing its offer of 28 dlrs a
+share for their stock which was announced this morning.
+    In that announcement, MTS Acquisition said its bank and
+investor bankers felt they could provide financing totaling 975
+mln dlrs for the offer.
+    Sosnoff is Caesars World's largest shareholders with
+4,217,675 of the company's shares. That is about 11.7 pct of
+the outstanding stock on a fully diluted basis, the proxy said.
+    Besides being the sole owner of MTS Acquisition, Sosnoff
+owns 61 pct of Atalanta/Sosnoff Capital Corp's &lt;ATL> stock and
+is chairman of that investment management and brokerage firm.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19743" NEWID="3321">
+<DATE> 9-MAR-1987 15:18:05.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0491&#31;reute
+b f BC-/FORD-&lt;F>-DEBT-RATING   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> DEBT RATINGS MAY BE RAISED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Moody's Investors Service Inc said it
+is reviewing the long-term debt ratings of Ford Motor Co and
+Ford Motor Credit Co for possible upgrade. About 23 billion
+dlrs of debt is affected.
+    Moody's said it recognizes Ford's recent superior operating
+results and is assessing whether this performance can be
+expected to continue. The rating agency will focus on Ford's
+long-term competitive business and financial condition.
+    Ratings under review include Ford Motor's A-1 rated senior
+long-term debt, the Credit unit's A-1 rated senior debt and its
+A-2 rated subordinated debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19744" NEWID="3322">
+<DATE> 9-MAR-1987 15:19:57.79</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0497&#31;reute
+d f BC-CAROLIN-MINES-&lt;CRLNF>   03-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAROLIN MINES HAS NEW GOLD ASSAY RESULTS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 9 - </DATELINE><BODY>Carolin Mines Ltd
+said recent assays of tailings at its Hope, British Columbia
+mine ranged from 0.50 to 0.64 ounces of gold per ton. 
+    There were only trace amounts of platinum and palladium,
+the company said.
+    Carolin said the results sharply disagreed with an earlier
+assay performed by Intergold U.S.A. Inc which showed 1.0 ounce
+of gold per ton and 0.50 ounce of platinum per ton.
+    Carolin also said it expects to receive results of further
+tests and assays of the tailings within two to three weeks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19745" NEWID="3323">
+<DATE> 9-MAR-1987 15:23:58.83</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>yemen-arab-republic</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0507&#31;reute
+u f BC-CCC-WHEAT-CREDIT-GUAR   03-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC WHEAT CREDIT GUARANTEES FOR NORTH YEMEN</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has authorized 25.0 mln dlrs in credit guarantees to North
+Yemen to cover purchases of U.S. wheat under the Intermediate
+Export Credit Guarantee Program (GSM-103), the U.S. Agriculture
+Department said.
+    Under the program credit terms extended must be in excess
+of three yeras, but not more than seven years.
+    All sales under the line must be registered and exports
+completed by September 30, 1987, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19746" NEWID="3324">
+<DATE> 9-MAR-1987 15:27:24.27</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>usa</D><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0520&#31;reute
+u f BC-CCC-ACCEPTS-EXPORT-BO   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS EXPORT BONUS BARLEY MALT TO NIGERIA</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has accepted one bonus offer from an exporter on the sale
+of 4,400 tonnes of barley malt to Nigeria, the U.S. Agriculture
+Department said.
+    The department said the bonus awarded was 100.00 dlrs per
+tonne and was made to Rahr Malting Co and will be paid in the
+form of commodities from the inventory stocks of the CCC.
+    The barley malt is scheduled for shipment during April,
+1987.
+    An additional 76,300 tonnes of barley malt are still
+available to Nigeria under the Export Enhancement Program
+initiative announced December 10, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19747" NEWID="3325">
+<DATE> 9-MAR-1987 15:27:33.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0521&#31;reute
+d f BC-GUINNESS-NAMES-OFFICI   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUINNESS NAMES OFFICIALS FOR U.S. OPERATIONS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>&lt;Guinness PLC> said William G.
+Pietersen has been named president of Guinness America Inc in
+addition to his role as president of the company's North
+American Wine and Spirits operations.
+    Guinness also said John M. Huston has been named vice
+president finance of the North American unit, which has also
+created the offices of vice president general counsel and vice
+president human resources.
+    It said the office of general counsel will be filled on an
+interim basis by Donald J. Lunghino, the recently retired
+general counsel of Unilever United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19748" NEWID="3326">
+<DATE> 9-MAR-1987 15:27:44.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>ireland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0522&#31;reute
+r f BC-BANK-OF-IRELAND-SEEKS   03-09 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF IRELAND SEEKS 300 MLN STG CD FACILITY</TITLE>
+<DATELINE>    LONDON, March 9 - </DATELINE><BODY>Bank of Ireland said it has mandated
+Barclays de Zoete Wedd Ltd (BZW) to arrange a 300 mln stg
+committed certificate of deposit issuance facility.
+    The facility will be used to fund Bank of Ireland's new
+U.K. Home mortgage subsidiary, BankAmerica Finance Ltd, which
+will be renamed shortly.
+    The certificates will be sold through an uncommitted tender
+panel but the facility will be fully underwritten for five
+years by a syndicate of banks formed by BZW.
+    Four banks-- Barclays Bank Plc, Canadian Imperial Bank of
+Commerce, Lloyds Bank Plc and Standard Chartered Bank-- have
+agreed to underwrite the credit in a pre-syndication agreement
+and will act as lead managers in syndication, due to begin
+soon.
+    Bank of Ireland also said it has appointed BZW as sole
+dealer on a separate 100 mln stg certificate of deposit
+program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19749" NEWID="3327">
+<DATE> 9-MAR-1987 15:28:36.30</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0526&#31;reute
+r f BC-CAROLIN-MINES-&lt;CRLNF>   03-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAROLIN MINES &lt;CRLNF> HAS NEW ASSAY RESULTS</TITLE>
+<DATELINE>    Vancouver, British Columbia, March 9 - </DATELINE><BODY>Carolin Mines Ltd
+said recent assays of tailings at its Hope, British Columbia
+mine indicated that ounces of gold per ton ranged from 0.64 to
+0.50.
+    There were only trace amounts of platinum and palladium,
+the company said.
+    Carolin said the results sharply disagreed with an earlier
+assay performed by Intergold U.S.A. Inc which showed one ounce
+of gold per ton and 1/2 ounce of platinum per ton.
+    Carolin also said it expects to receive results of further
+tests and assays of the tailings within two to three weeks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19750" NEWID="3328">
+<DATE> 9-MAR-1987 15:29:31.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0529&#31;reute
+d f BC-BAUSCH/LOMB-&lt;BOL>-MAR   03-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAUSCH/LOMB &lt;BOL> MARKETS CORNEA PRODUCT</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 9 - </DATELINE><BODY>Bausch and Lomb Inc said it
+began marketing a new product designed to lubricate and protect
+the cornea of the eye for post-surgical and other patients.
+    The company said the product, the Bio-Cor Fyodorov Collagen
+Corneal Shield, will be manufactured and distributed through
+its newly formed surgical products unit located in Clearwater,
+Fla.
+    The corneal shield was approved by the U.S. Food and Drug
+Administration in January, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19751" NEWID="3329">
+<DATE> 9-MAR-1987 15:30:43.41</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0532&#31;reute
+u f BC-/SEAMAN'S-STRIKE-CONT   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEAMAN'S STRIKE CONTINUES, MARINES UNLOAD SHIPS</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 9 - </DATELINE><BODY>Brazilian marines were today
+working on the unloading of ships at the local port as a
+national strike by 40,000 seamen entered its 10th day without
+signs of an agreement.
+    The halt, the first national strike by seamen in 25 years,
+started on February 27, and union leaders said they would not
+return to work unless they received a 275 pct pay rise.
+    Shipowners have offered a 100 pct raise, which the seamen
+rejected.
+    "Television reported that the port was operating at full
+speed, but that's not true," a striking seaman told Reuters.
+    "The marines are doing their best, but they don't have the
+manpower nor the experience to control the situation in such a
+quick period," he said.
+    Port officials said the national halt had already caused
+losses estimated at 1.5 mln dlrs.
+    Despite the presence of marines, there were no reports of
+incidents.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19752" NEWID="3330">
+<DATE> 9-MAR-1987 15:31:05.90</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0533&#31;reute
+b f BC-/USDA-RAISES-SOVIET-G   03-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA RAISES SOVIET GRAIN IMPORT ESTIMATE</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The U.S. Agriculture Department
+increased its estimate of Soviet 1986/87 grain imports to 26
+mln tonnes from last month's projection of 23 mln tonnes.
+    In its monthly USSR Grain Situation and Outlook, USDA said
+the increase reflected the return of the Soviet Union to the
+U.S. corn market and continued purchases of both wheat and
+coarse grain from other major suppliers.
+    USSR wheat imports were projected at 15 mln tonnes, up one
+mln from last month's estimate and 700,000 tonnes below the
+preliminary 1985/86 figure.
+    Soviet grain for feed use was estimated at a record 129 mln
+tonnes. Record or near-record livestock inventories, along with
+a dry fall which likely reduced late season pasturage, and a
+cold winter have increased feed demand, USDA said.
+    USSR meat and egg production in January rose only slightly
+from the previous January's level, while milk production
+increased by nearly six pct.
+    Unusually cold weather in January and smaller increases in
+roughage supplies during 1986 than in 1985 kept livestock
+production from expanding as much as it did a year earlier,
+USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19753" NEWID="3331">
+<DATE> 9-MAR-1987 15:31:14.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0534&#31;reute
+d f BC-HARTFORD-NATIONAL-UNI   03-09 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARTFORD NATIONAL UNIT &lt;HNAT> SETS CHINA PACT</TITLE>
+<DATELINE>    HARTFORD, Conn., March 9 - </DATELINE><BODY>Hartford National Corp said the
+China Industry Commerce and Development Corp agreed to work
+exclusively with its Connecticut National Bank unit in banking
+business between China and all six New England states.
+    The company said China Industry Commerce will provide
+import and export assistance, economic and business
+information, contacts and introductions.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19754" NEWID="3332">
+<DATE> 9-MAR-1987 15:31:34.34</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM Y A
+&#22;&#22;&#1;f0535&#31;reute
+u f AM-ecuador-tremor   03-09 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR QUAKE TO CUT OIL REVENUES 800 MLN DLRS</TITLE>
+<DATELINE>    Quito, march 9 - </DATELINE><BODY>up to 300 people were feared dead and more
+than 15,000 people left homeless by thursday's earthquake,
+which will cost Ecuador close to 800 mln dlrs in lost petroleum
+revenues, authorities said.
+    They estimated the cost of repairing a damaged oil pipeline
+at 150 mln dlrs.
+    "the magnitude of the damages caused by the earthquake is
+gigantic," president leon febres cordero said after inspecting
+the damages in napo, the hardest-hit jungle province, 100 miles
+from here.
+    The quake damaged 40 km of an oil pipeline, forcing this
+opec nation to suspend crude exports for four months, president
+febres cordero said in a statement issued today by the
+presidential press office.
+    The country would lose an estimated 800 mln dlrs in crude
+exports until the pipeline was repaired, the president said. It
+would cost 150 mln dlrs to repair the pipelline which carries
+oil from jungle oil fields over the andes to Balao, a pacific
+ocean port.
+    Crude traditionally accounts for up to two-thirds of
+ecuador's exports.
+    the quake triggered landslides, swelling the aguarico river
+which burst it banks carrying away homes and huts in napo
+province, health minister jorge brancho told reuters.
+    "we fear that up to 300 people died in napo though there is
+no way of now knowing the exact figure because many people have
+disappeared," he said.
+    Other estimates ranged as high as 500 dead.
+    So far 20 corpses have been recovered, bracho said.
+    Information Minister Marco Lara told reporters: "the number
+of dead and injured is not known ... because we do not know how
+many people lived in the homes hit by the landslides."
+    Bracho said at least 15,000 were left homeless in the
+cayambe district.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19755" NEWID="3333">
+<DATE> 9-MAR-1987 15:37:26.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0555&#31;reute
+f f BC-******BUSINESS-EDITOR   03-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BUSINESS EDITOR THEODORE CROSS OFFERS 34 DLRS SHARE FOR HARPER AND ROW
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19756" NEWID="3334">
+<DATE> 9-MAR-1987 15:37:54.41</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0556&#31;reute
+u f BC-canada-crop-estimate   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ESTIMATES CANADIAN CROPS</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The U.S. Agriculture Department
+estimated Canada's 1986/87 wheat crop at 31.85 mln tonnes, vs
+31.85 mln tonnes last month. It estimated 1985/86 output at
+24.25 mln tonnes, vs 24.25 mln last month.
+    Canadian 1986/87 coarse grain production is projected at
+27.62 mln tonnes, vs 27.62 mln tonnes last month. Production in
+1985/86 is estimated at 24.95 mln tonnes, vs 24.95 mln last
+month.
+    Canadian wheat exports in 1986/87 are forecast at 19.00 mln
+tonnes, vs 18.00 mln tonnes last month. Exports in 1985/86 are
+estimated at 17.71 mln tonnes, vs 17.72 mln last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19757" NEWID="3335">
+<DATE> 9-MAR-1987 15:38:17.87</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0558&#31;reute
+u f BC-australia-wheat-est   03-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ESTIMATES AUSTRALIA WHEAT CROP</TITLE>
+<DATELINE>    WASHINGTON, March 9  - </DATELINE><BODY>The U.S. Agriculture Department
+forecast Australia's 1986/87 wheat crop at 17.30 mln tonnes, vs
+17.50 mln tonnes last month. It estimated 1985/86 output at
+16.13 mln tonnes, vs 16.13 mln last month.
+    Australian wheat exports in 1986/87 are forecast at 14.50
+mln tonnes, vs 15.00 mln tonnes last month, while exports in
+1985/86 are estimated at 15.96 mln tonnes, vs 15.96 mln last
+month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19758" NEWID="3336">
+<DATE> 9-MAR-1987 15:45:37.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0578&#31;reute
+b f BC-HARPER   03-09 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUSINESS EDITOR OFFERS 34 DLRS FOR HARPER &lt;HPR></TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>Theodore Cross, editor of Business
+and Society Review, a business publication, said an investor
+group he heads has offered to buy Harper and Row Publishers Inc
+for 34 dlrs a share cash.
+    In a filing with the Securities and Exchange Commission,
+Cross said he proposed the takeover to the board of the New
+York publishing house today.
+    Cross, whose investor group includes his wife, Mary, said
+they already hold 261,650 Harper and Row common shares, or 6.0
+pct of the total outstanding common stock. They said they have
+spent 3.5 mln dlrs on their stake so far.
+    Cross said he proposed in a letter to Harper and Row that
+the company be merged into a company Cross is forming.
+    Suggesting that the total cost of completing the merger
+would be 190 mln dlrs, Cross said he would use 20 mln dlrs of
+his own money for the deal and up to 170 mln dlrs which would
+be borrowed from the First National Bank of Boston under a
+revolving credit facility the bank has agreed to provide.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19759" NEWID="3337">
+<DATE>  9-MAR-1987 15:48:01.44</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>france</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0586&#31;reute
+u f BC-FRANCE-TO-REQUEST-PER   03-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE TO REQUEST PERMANENT MAIZE REBATES</TITLE>
+<DATELINE>    PARIS, March 9 - </DATELINE><BODY>French maize producers will ask the EC
+Commission to grant permanent maize export rebates following
+the recent EC/U.S. Accord guaranteeing the U.S. An annual
+export quota of two mln tonnes of maize for Spain over four
+years, the French maize producers association, AGPM, said.
+    The Commission has already decided to accord rebates for
+the export of 500,000 tonnes of French maize, of which rebates
+for around 100,000 tonnes have been granted.
+    The request will be made when export certificates have been
+granted for all the 500,000 tonnes, the AGPM said.
+    The association said that the request would cover exports
+to all destinations, adding that the Soviet Union, which has
+important maize needs, is currently excluded from the list of
+destination countries for the 500,000 tonnes of French maize.
+    The U.S. Agriculture Department has forecast Soviet maize
+imports for the 1986/87 campaign at 4.90 mln tonnes against
+10.40 mln in 1985/86.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19760" NEWID="3338">
+<DATE> 9-MAR-1987 15:48:59.37</DATE>
+<TOPICS><D>trade</D><D>bop</D><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0593&#31;reute
+r f BC-U.S.-PAYMENTS-GAP-TO   03-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PAYMENTS GAP TO PERSIST, EX-FED CHIEF SAYS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The dollar will decline over the next
+two to three years, but this is unlikely to result in a
+complete reduction of the U.S. current account deficit, said
+Anthony Solomon, chairman of S.G. Warburg (USA) Inc and former
+president of the Federal Reserve Bank of New York.
+    In a presentation to the Japan Society, Solomon said
+without elaboration that he expects a "significant decline in
+the dollar," within the next three years.
+    "The dollar will fall more, but the current account deficit
+will stop being reduced when it reaches its structural core,"
+he said.
+    Solomon described the structural core as about one-half of
+the current 150 billion dlr annual deficit. He cited several
+factors which will prevent an elimination of the deficit.
+    For one thing, it is unlikely that there will be any new
+investment in those manufacturing industries that shrank when
+the dollar was at uncompetitive levels, he said.
+    In addition, he said that the U.S. has an increased
+propensity to import in order to satisify consumer tastes.
+    Solomon forecast inflation at 4.5 pct by year-end, but said
+it could be kept below five pct in the medium-term if oil
+prices are stable and commodity values remain low.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19761" NEWID="3339">
+<DATE> 9-MAR-1987 15:49:08.87</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D><D>morocco</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0594&#31;reute
+u f BC-CCC-ACCEPTS-EXPORT-BO   03-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS EXPORT BONUS DAIRY CATTLE TO MOROCCO</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has accepted a bonus offer from an exporter on the sale of
+13 head of dairy cattle to Morocco, the U.S. Agriculture
+Department said.
+    The department said the bonus awarded was 1,505.00 dlrs per
+head and was made to Brown Swiss Enterprises Inc. It will be
+paid in the form of commodities from CCC inventories.
+    The cattle are for delivery during March 9-September 30,
+1987.
+    The department said the purchase completes the Export
+Enhancement Program initiative for dairy cattle to Morocco
+announced on April 16, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19762" NEWID="3340">
+<DATE> 9-MAR-1987 15:49:47.96</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0597&#31;reute
+u f BC-CCC-EXPORT-BONUS-DAIR   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC EXPORT BONUS DAIRY CATTLE FOR CANARY ISLANDS</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has accepted a bonus offer from an exporter on the sale of
+75 head of dairy cattle to the Canary Islands, the U.S.
+Agriculture Department said.
+    The department said the bonus awarded was 1,459.00 dlrs per
+head and was made to T.K. International Inc. It will be paid in
+the form of commodities from the inventory of CCC stocks.
+    The cattle are for delivery during March-June, 1987, it
+said.
+    An additional 3,925 head of dairy cattle are still
+available to the Canary Islands under the Export Enahcnement
+Program initiative announced July 28, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19763" NEWID="3341">
+<DATE> 9-MAR-1987 15:54:34.23</DATE>
+<TOPICS><D>instal-debt</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0602&#31;reute
+f f BC-******U.S.-CONSUMER-C   03-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. CONSUMER CREDIT ROSE 536 MILLION DLRS IN JAN VS 144 MILLION DEC GAIN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19764" NEWID="3342">
+<DATE> 9-MAR-1987 15:55:11.32</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0603&#31;reute
+r f BC-USX-&lt;X>-UNIT-RAISES-S   03-09 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> UNIT RAISES SOME CRUDE POSTINGS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Marathon Petroleum Company, a
+subsidiary of USX Corp &lt;X>, said it raised the contract price
+it pays for three grades of crude oil, effective March 6.
+    Illinois Sweet and Indiana Sweet are both being raised 50
+cts a barrel to 16.75 dlrs/bbl, and the Southern Michigan grade
+is being raised 25 cts/bbl, also to 16.75 dlrs a bbl.
+    The West Texas Intermediate grade was unchanged.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19765" NEWID="3343">
+<DATE> 9-MAR-1987 15:56:32.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0605&#31;reute
+b f BC-***UNITED-BRANDS-INC   03-09 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNITED BRANDS INC 4TH QTR SHR PROFIT SIX CTS VS LOSS 11 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19766" NEWID="3344">
+<DATE> 9-MAR-1987 15:57:10.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0606&#31;reute
+u f BC-national-fuel-gas-&lt;nf   03-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL FUEL GAS &lt;NFG> SETS SPLIT, HIGHER PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>National Fuel Gas Co said its board has
+approved a two-for-one stock split and will consider an
+increased cash dividend at its June meeting.
+    The company also said management will recommend, at the
+June board meeting, an increase of 12 cts per share in the
+current annual dividend rate of 2.28 dlrs a share, raising it
+to 2.40 dlrs per share, or 1.20 dlrs a share after the split.
+    National Fuel Gas said the split will be paid to holders of
+record May 29.  A spokeswoman said the distribution date for
+the split has not been determined.
+    The company said the split is subject to approval of the
+Securities and Exchange Commission under the Public Utility
+Holding Act. The company now has 11,928,871 shares outstanding.
+            
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19767" NEWID="3345">
+<DATE> 9-MAR-1987 16:00:05.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0614&#31;reute
+d f BC-SENSORMATIC-&lt;SNSR>-UP   03-09 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENSORMATIC &lt;SNSR> UPS CHECKROBOT &lt;CKRB> STAKE</TITLE>
+<DATELINE>    DEERFIELD BEACH, Fla., March 9 - </DATELINE><BODY>Sensormatic Electronics
+Corp said it upped its investment in CheckRobot Inc in the form
+of 2.5 mln dlrs of convertible preferred stock, raising its
+stake in CheckRobot to 42 pct from 37 pct on a fully diluted
+basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19768" NEWID="3346">
+<DATE> 9-MAR-1987 16:00:21.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0615&#31;reute
+d f BC-EMERY-AIR-&lt;EAF>-FEBRU   03-09 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMERY AIR &lt;EAF> FEBRUARY SHIPMENTS UP 12 PCT</TITLE>
+<DATELINE>    WILTON, Conn., March 9 - </DATELINE><BODY>Emergy Air Freight Corp said its
+shipments rose 12 pct to 1,190,000 last month from 1,067,000 in
+February 1986.
+    The company said the weight of these shipments was up 20
+pct to 52.7 mln pounds from 44.0 mln a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19769" NEWID="3347">
+<DATE> 9-MAR-1987 16:02:28.38</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0625&#31;reute
+u f BC-UNION,-SHIPPERS-AGREE   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION, SHIPPERS AGREE TO CUT N.Y. PORT COSTS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The New York Shipping Association and
+International Longshoremen's Association said they agreed to
+cut cargo assessments at the Port of New York and New Jersey by
+more than 50 pct on some labor intensive cargos.
+    The charges on cargo handled by union workers will be
+reduced to 2.85 dlrs a ton from 5.85 dlrs a ton, effective
+April one, according to the agreement between the union and
+shippers. The assessments are used to fund workers' benefits.
+    "What were doing is lowering the price to get more bulk
+cargo flowing through here," a spokesman for the New York
+Shipping Association said.
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19770" NEWID="3348">
+<DATE>  9-MAR-1987 16:03:19.65</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0631&#31;reute
+u f BC-TREASURY-BALANCES-AT   03-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED ROSE ON MARCH 6</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve rose on March 6 to 3.879 billion dlrs from 3.467
+billion dlrs the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts fell to 12.453
+billion drls from 14.350 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 16.332
+billion dlrs on March 6 compared with 17.817 billion dlrs on
+March 5.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19771" NEWID="3349">
+<DATE> 9-MAR-1987 16:07:31.46</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0660&#31;reute
+h f BC-CSX-&lt;CSX>-UNIT-SETS-I   03-09 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSX &lt;CSX> UNIT SETS IMPROVED SHIPPING SERVICE</TITLE>
+<DATELINE>    MENLO PARK, N.J., March 9 - </DATELINE><BODY>CSX Corp's Sea-Land Corp unit
+said it will offer improved containership services between
+Puerto Rico and the East Coast and Gulf Coast of the United
+States, beginning March 16.
+    The carrier said it will provide shorter door-to-door
+transit times, more convenient cargo availability and better
+rail connections for traffic moving between Puerto Rico and
+North America.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19772" NEWID="3350">
+<DATE> 9-MAR-1987 16:09:50.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0670&#31;reute
+u f BC-OSHKOSH-TRUCK-GETS-64   03-09 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OSHKOSH TRUCK GETS 64.0 MLN DLR ARMY DEAL</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>Oshkosh Truck Corp (OTRKB) has
+received a 64.0 mln dlr contract for work on 432 diesel engine
+drive MK-48 series vehicles, the Army said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19773" NEWID="3351">
+<DATE> 9-MAR-1987 16:10:17.52</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>usa</D><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0673&#31;reute
+r f AM-peru-economy   03-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK REPORT CRITICISES PERU ECONOMIC PLAN</TITLE>
+<DATELINE>    Lima, march 9 - </DATELINE><BODY>a confidential world bank report on the
+peruvian economy said the government's strategy does not offer
+good prospects for medium and long-term growth and is likely to
+quickly lead to inflation.
+    The report, published today by an economic monthly, the
+peru report, said the success of president alan garcia's
+government in stimulating output last year to achieve eight pct
+gross domestic product growth "represents gains in the short
+term at the expense of the long."
+    Government officials had no immediate comment on the
+report, which advised a reduction in the overall size of the
+public investment programme and greater emphasis on the
+preservation of peru's export potential.
+    The report said that although the government had succeeded
+in cutting inflation 50 pct a year in the first half of 1985 to
+under 70 pct, its stabilisation and reactivation programme was
+encountering increasing difficulties.
+    "an early renewal of inflationary pressures, linked to
+monetary expansion, exchange rate devaluation and an easing of
+price controls, appears not improbable," it added.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19774" NEWID="3352">
+<DATE>  9-MAR-1987 16:10:40.61</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0675&#31;reute
+u f AM-COMMUNITY-ECONOMY   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINISTERS FEEL EC FORECASTS TOO PESSIMISTIC</TITLE>
+<DATELINE>    BRUSSELS, March 9 - </DATELINE><BODY>European Community finance ministers
+discussed the economic outlook for the 12-nation bloc and many
+said a recent gloomy forecast by the EC Commission was too
+pessimistic.
+    The Commission, the EC's executive authority, two weeks ago
+cut its forecast for economic growth in the Community to 2.3
+per cent for this year from 2.8 per cent predicted last autumn.
+    It said economic prospects had been less promising over the
+past few months because of a sharp fall in the value of the
+dollar and a slowing of world trade -- factors which would
+restrain Community exports.
+    But diplomats said several member states, led by West
+Germany, Britain and France, felt the forecast was too gloomy,
+especially since it was drafted before a recent agreement
+between the leading Western economic powers to stabilise
+currencies around current levels.
+    "Many delegations feel the (Commission's) report is rather
+too pessimistic," said Belgian Finance Minister Mark Eyskens,
+who chaired the meeting.
+    The Commission, which slashed its growth forecast for West
+Germany to two per cent from 3.2 per cent, has made clear it
+feels Bonn has room to introduce additional measures to
+stimulate its economy that would benefit the rest of Europe.
+    But two top German officials, State Secretaries Otto
+Schlecht and Hans Tietmeyer, told reporters Bonn saw no need at
+the moment for action to bolster the EC's biggest economy.
+    The diplomats said they were backed by Britain and France,
+while Italy, Greece and Denmark supported the Commission's view
+that Bonn should bring in new measures to aid EC growth.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19775" NEWID="3353">
+<DATE> 9-MAR-1987 16:13:18.90</DATE>
+<TOPICS><D>instal-debt</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0687&#31;reute
+b f BC-U.S.-CONSUMER-CREDIT   03-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONSUMER CREDIT ROSE 536 MLN DLRS IN JAN</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>U.S. consumer instalment credit rose
+a seasonally adjusted 536 mln dlrs in January after a revised
+rise of 144 mln dlrs in December, the Federal Reserve Board
+said.
+    The annual rate of growth in January was 1.1 pct, up from
+0.3 pct in December. Previously the Fed said consumer credit
+rose 105 mln dlrs in December.
+    Among the credit categories, auto credit fell in January to
+1.02 billion dlrs from 2.06 billion dlrs in December, the Fed
+said.
+    Revolving credit in January fell by 366 mln dlrs after
+rising by 552 mln dlrs in December.
+    Mobile home credit was up by 130 mln dlrs after falling by
+21 mln dlrs in December.
+    The category referred to as "other," covering bank and credit
+union loans, fell by 250 mln dlrs in January after declining by
+2.44 billion dlrs in December, the Fed said.
+    Before seasonal adjustment, consumer credit outstanding
+totaled 580.37 billion dlrs at the end of January, compared
+with 531.29 billion dlrs at the end of January, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19776" NEWID="3354">
+<DATE> 9-MAR-1987 16:14:17.40</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0690&#31;reute
+b f BC-******CONOCO-RAISES-C   03-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONOCO RAISES CRUDE OIL PRICES UP TO ONE DLR BARREL, WTI AT 17.50 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19777" NEWID="3355">
+<DATE> 9-MAR-1987 16:18:00.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0712&#31;reute
+d f BC-SYSTEMHOUSE-&lt;SHKIF>-W   03-09 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYSTEMHOUSE &lt;SHKIF> WINS DATA CENTER CONTRACT</TITLE>
+<DATELINE>    ARLINGTON, Va., March 9 - </DATELINE><BODY>Systemhouse Inc said it won a
+contract valued at 2.6 mln dlrs from Genstar Stone Products, a
+Hunt Valley, Md., supplier of building materials, to design,
+install and operate Genstar's data center in Baltimore.
+    The data center is scheduled to begin operating in May. The
+pact is a three-year deal, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19778" NEWID="3356">
+<DATE> 9-MAR-1987 16:20:20.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0724&#31;reute
+u f BC-VIACOM-&lt;VIA>,-NAT'L-A   03-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIACOM &lt;VIA>, NAT'L AMUSEMENTS SEEK FAST MERGER</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The chiefs of Viacom International Inc
+and &lt;National Amusements Inc> said they met and agreed to work
+together to complete the previously announced merger of the two
+companies "as expeditiously as possible."
+    A spokeswoman for Viacom declined to say if the executives
+had set a timetable for closing the deal.
+    Viacom last week agreed to be acquired by National
+Amusements for a combination of cash and stock with an
+estimated value of 53 dlrs a share, or a total of about 3.4
+billion dlrs.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19779" NEWID="3357">
+<DATE> 9-MAR-1987 16:24:44.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0748&#31;reute
+u f BC-BROKERS-SAY-NYSE-RULE   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROKERS SAY NYSE RULE SHIFT LIMITS FLEXIBILITY</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Officials of major brokerage firms
+expressed dismay at a New York Stock Exchange decision to force
+strict compliance with a rule barring members from trading in
+NYSE-listed issues in London during New York trading hours.
+    Most major brokerage houses said they had seen no formal
+notice from the NYSE on the interpretation of rule 390.
+Officials of the NYSE were unavailable to explain the timing or
+the technical details of enforcement of rule 390.
+    "It's a step backward," said Samuel Hunter, senior vice
+president for equity trading at Drexel Burnham Lambert Inc.,
+    Hunter said any perceived problems caused by overlapping
+trading ought to be addressed by a search for equitable
+solutions instead of "hiding behind legalistic and technical
+definitions."
+    The NYSE evidently feels some traders use London to
+circumvent rules preventing short sales on minus ticks, Hunter
+said. But he believes simultaneous printing of trades in London
+and New York would be a way to have dual trading with an
+element of fairness. "I'm a great advocate of the view that the
+greater the volume, the better the market will be," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19780" NEWID="3358">
+<DATE> 9-MAR-1987 16:24:54.29</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0749&#31;reute
+r f BC-ASCS-BUYS-PROCESSED-P   03-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASCS BUYS PROCESSED PRODUCTS FOR DOMESTIC USE</TITLE>
+<DATELINE>    KANSAS CITY, March 9 - </DATELINE><BODY>The Agricultural Stabilization and
+Conservation Service (ASCS) bought 25.7 mln pounds of wheat
+flour at a cost of 2.8 mln dlrs for domestic shipment April
+1-15 and April 16-30, an ASCS spokesman said.
+    ASCS also bought 11.1 mln pounds of bakers flour for 1.1
+mln dlrs, 1.9 mln pounds of pasta for 408,258 dlrs, 1.4 mln
+pounds of processed cereal products for 304,043 dlrs, 4.8 mln
+pounds of corn products for 474,944 dlrs, and 16.3 mln pounds
+of milled rice for 2.0 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19781" NEWID="3359">
+<DATE> 9-MAR-1987 16:26:04.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0753&#31;reute
+b f BC-******GENERAL-CINEMA   03-09 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL CINEMA CORP 1ST QTR OPER SHR 43 CTS VS 47 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19782" NEWID="3360">
+<DATE> 9-MAR-1987 16:29:33.77</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0766&#31;reute
+r f BC-BANK-BOARD-SAYS-MORTG   03-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK BOARD SAYS MORTGAGE RATES DOWN IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Federal Home Loan Bank Board said
+interest rates on both fixed rate and adjustable rate home
+mortgage loans were down substantially in early February.
+    The bank board said the average effective commitment rate
+for fixed mortgages with a maturity of at least 15 years for
+new home purchases dropped to 9.54 pct in early February, a 30
+basis point decline from early January.
+    The commitment rate on adjustable rate mortgages declined
+by 16 basis points in the same period bringing the average rate
+to 8.5 pct, the bank board said.
+    The average effective interest rate on all loans closed by
+major lenders declined 27 basis points from early January to
+9.26 pct in early February, the lowest rate since March 1978,
+the bank board said.
+    The average effective rate for fixed mortgages was was 9.51
+pct, down 30 basis points from the early January level. The
+average effective rate for adjustable rate mortgages declined
+22 basis points to 8.61 pct, the bank board said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19783" NEWID="3361">
+<DATE> 9-MAR-1987 16:31:04.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0769&#31;reute
+d f BC-CULLINET-SOFTWARE-&lt;CU   03-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CULLINET SOFTWARE &lt;CUL> SETS MARKETING PACT</TITLE>
+<DATELINE>    WESTWOOD, Mass., March 9 - </DATELINE><BODY>Cullinet Software Inc said it
+reached a marketing agreement with &lt;Epic Data Corp> under which
+both companies will sell data collection and software products
+for inventory management.
+    Epic makes data collection equipment, while Cullinet is a
+software developer. The initial product developed under the
+accord is expected to be available later this year, they said.
+    Separately, Cullinet said it bought a fixed assets system
+from &lt;Computer Associates International> for 440,000 dlrs. The
+system will be designed to run with its data base software, and
+will be help its customers with asset control.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19784" NEWID="3362">
+<DATE> 9-MAR-1987 16:31:07.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0770&#31;reute
+f f BC-******S/P-MAY-DOWNGRA   03-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P MAY DOWNGRADE 6.6 BILLION DLRS OF CHRYSLER DEBT DUE TO PLANNED AMC PURCHASE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19785" NEWID="3363">
+<DATE> 9-MAR-1987 16:31:22.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0771&#31;reute
+b f BC-noranda   03-09 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NORANDA TO SPIN OFF FOREST INTERESTS INTO SEPARATE COMPANY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19786" NEWID="3364">
+<DATE> 9-MAR-1987 16:31:54.01</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F RM E
+&#22;&#22;&#1;f0773&#31;reute
+r f BC-API-PRESIDENT-SEES-OP   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>API PRESIDENT SEES OPTIONS TO AVERT OIL CRISIS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>American Petroleum Institute President
+Charles DiBona said no options should be rejected to combat 
+growing U.S. dependence on foreign oil.
+    "No action should be ruled out--import fees or quotas,
+floor prices, tax incentives or other alternatives--while a
+national dialogue on the issue continues," DiBona said at a 
+paper institute conference in New York today.
+    DiBona said there is no unanimity within the industry on
+how to stimulate energy production but there is consensus on
+removing several government policies that hinder investments in
+new prospects.
+    DiBona said the windfall profit tax should be abolished
+immediately and current proposals for increased environmental
+regulations on acid rain and waste disposal should be not
+adopted. He also suggested that the Arctic National Wildlife
+Refuge in Alaska should be opened up for leasing to oil
+companies, DiBona said.
+    "This is a battle the industry cannot afford to lose if the
+nation is to continue to benefit from Alaskan oil," DiBona
+said. Since 1986 U.S. oil production has fallen while
+consumption rose and that has raised dependence on imported
+oil, particularly from OPEC, DiBona said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19787" NEWID="3365">
+<DATE> 9-MAR-1987 16:32:03.63</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0774&#31;reute
+f f BC-******U.S.-SELLS-3-MO   03-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLS 3-MO BILLS AT 5.63 PCT, STOP 5.64 PCT, 6-MO 5.59 PCT, STOP 5.60 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19788" NEWID="3366">
+<DATE> 9-MAR-1987 16:37:24.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f0789&#31;reute
+u f BC-TOP-U.S.-OFFICIAL-SEE   03-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOP U.S. OFFICIAL SEES DELAY IN BANK REFORM</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>A top Treasury official said he does
+not expect any comprehensive Congressional reform of the U.S.
+banking industry until after the 1988 presidential election due
+to political pressures and, to a lesser extent, the insider
+trading scandal on Wall Street.
+    George Gould, Under Secretary of the Treasury, told a Wall
+Street Planning Group luncheon, "legislation is not going to
+happen before the election ... (people) do not like to vote on
+controversial issues in election years."
+    "It may take a while in the next administration ... to get
+something done," he added.
+    Calls for a major overhaul of the U.S. banking industry,
+which would probably feature wider investment banking powers
+for commercial banks, has met strong opposition from private
+interest groups, such as the Securities Industry Association.
+    "These discussions have nothing to do with merit ... these
+groups are trying to cloak self-interest in public policy
+terms," Gould said. "It is easier to stop something than it is
+to get it going."
+    He also described current concern about insider trading as
+"a major impediment to further progress ... it is not a helpful
+backdrop to accomplish financial reform."
+    Similarly, Gould said lobbying by such groups as the U.S.
+League of Savings Institutions would probably mean that the
+Reagan Administration's proposal for the recapitalization of
+the Federal Savings and Loan Insurance Corp would be watered
+down.
+    Gould foresaw a five billion dlr injection over two years,
+compared with the original request for 15 billion dlrs over
+three years.
+    Gould ruled out any new government initiative on banking
+reform but said that some broad guidelines to address these
+issues would be made public over the next few months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19789" NEWID="3367">
+<DATE> 9-MAR-1987 16:39:11.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0794&#31;reute
+r f BC-NATIONAL-DISTILLERS-&lt;   03-09 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL DISTILLERS &lt;DR> CLOSES ALMADEN SALE</TITLE>
+<DATELINE>    FARMINGTON Conn., March 9 - </DATELINE><BODY>National Distillers and
+Chemical Corp said it completed the sale of Almaden Vineyards
+Inc to Heublein Inc for about 128 mln dlrs.
+    Heublein, a former subsidiary of RJR Nabisco Inc &lt;RJR>, was
+recently acquired by &lt;Grand Metropolitan PLC>.
+    Almaden, based in San Jose, Calif., makes and sells table
+wines, champagnes and brandies as well as some premium wines
+under the Charles Lefranc Cellars label.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19790" NEWID="3368">
+<DATE> 9-MAR-1987 16:40:11.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0798&#31;reute
+d f BC-SOFTECH-INC-&lt;SOFT>-GE   03-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOFTECH INC &lt;SOFT> GETS AIR FORCE CONTRACT</TITLE>
+<DATELINE>    WALTHAM, Mass., March 9 - </DATELINE><BODY>SoftTech Inc said it received a
+24.8 mln dlr five-year contract from the U.S. Air Force
+Aeronautical Systems Division to assist in tracking and
+controlling the development and modification of Modular
+Automatic Test Equipment Systems Products.
+    The MATE program is a system for defining, acquiring and
+supporting automatic testing capabilities within the Air Force,
+the company said.
+    SofTech said its role includes the development and
+maintenance of a MATE master plan aimed at keeping it current
+with evolving technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19791" NEWID="3369">
+<DATE> 9-MAR-1987 16:41:22.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0799&#31;reute
+u f BC-S/P-MAY-DOWNGRADE-CHR   03-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY DOWNGRADE CHRYSLER &lt;C></TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Standard and Poor's said it placed 6.6
+billion dlrs of Chrysler Corp securities on CreditWatch with
+negative implications because of its plan to acquire the
+outstanding common shares of American Motors Corp &lt;AMO> from
+Renault Acceptance BV for about two billion dlrs.
+    Among the ratings under review is Chrysler's BBB grading
+for senior debt. The AMC purchase is larger and riskier than
+current ratings anticipate, but any downgrade would be small
+and Chrysler would remain investment grade, S and P said.
+    American Motors's CCC preferred stock rating was also added
+to CreditWatch, but with positive implications.
+    Standard and Poor's said that, in return for its two
+billion dlr investment, Chrysler would be receiving a business
+with questionable prospects.
+    "The Jeep line is a worthwhile extension for Chrysler's
+product line, but the presumed price seems hard to justify. The
+additional production facilities inlcude both modern and
+antiquated plant, all of which will add to Chrysler's fixed
+overhead and increase its breakeven point at a time that the
+industry faces a glut of automaking capacity.
+    "Chrysler will be challenged to integrate these facilities
+and the distribution network it is acquiring," S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19792" NEWID="3370">
+<DATE> 9-MAR-1987 16:42:19.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0801&#31;reute
+b f BC-******CEASARS-WORLD-S   03-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CEASARS WORLD SAYS IT IS STUDYING UNSOLICITED 28 DLR-PER-SHR OFFER BY MARTIN SOSNOFF
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19793" NEWID="3371">
+<DATE> 9-MAR-1987 16:43:25.79</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0804&#31;reute
+u f BC-U.S.-BILL-AUCTION-RAT   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BILL AUCTION RATES AVERAGE 5.63, 5.59 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The U.S. Treasury said its weekly
+auction of three-month bills produced an average rate of 5.63
+pct, with a 5.59 pct rate on six-month bills.
+    These rates compared with averages of 5.47 pct for the
+three- and 5.51 pct for the six-month bills sold last week.
+    The bond-equivalent yield on three-month bills was 5.81
+pct. Accepted bids ranges from 5.61 pct to 5.64 pct and 29 pct
+of the bids at the high, or stopout rate, were taken. For six
+months, the yield was 5.85 pct and the bids ranges from 5.56
+pct to 5.60 pct with 30 pct of the bids accepted.
+    The Treasury said it received 30.9 billion dlrs of bids for
+the three-month bills, including 1.0 billion dlrs in
+non-competitive bids from the public. It accepted 6.6 billion
+dlrs of bids, including 2.2 billion dlrs from the Federal
+Reserve and 9.1 mln dlrs from foreign and international
+monetary authorities.
+    Some 25.7 billion dlrs in bids for six-month bills were
+received, including 785 mln dlrs in non-competitives. The
+Treasury accepted 6.6 billion dlrs, including 1.9 billion dlrs
+from the Fed and 942 mln dlrs from foreign and international
+authorities.
+    The average price for the three-month bills was 98.577 and
+prices ranged from 98.574 to 98.582.  The average price for the
+six-months bills was 97.174, and prices ranged from 97.169 to
+97.189.
+    The average yield on the three-month bills was the highest
+since 5.66 pct on Feb 17. The average yield on the six-month
+bills was the highest since 5.70 pct on Feb 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19794" NEWID="3372">
+<DATE> 9-MAR-1987 16:45:24.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>mulroney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0811&#31;reute
+u f BC-CANADA-MULLING-SELLIN   03-09 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA MULLING SELLING PETRO-CANADA - MULRONEY</TITLE>
+<DATELINE>    OTTAWA, March 9 - </DATELINE><BODY>Prime Minister Brian Mulroney said the
+government was considering selling Petro-Canada and the sale
+would proceed if it were in the national interest to do so.
+    Mulroney told the House of Commons assets of the huge oil
+company would be examined before a decision was made, just as
+other state-run companies were studied before being sold under
+Ottawa's privatization program.
+    "The government is going to examine assets of this nature
+to ascertain if they continue to play an appropriate role in
+public policy and we will make a determination as we have in
+other cases," Mulroney told the daily question period.         
+    Asked by opposition members to clairify Finance Minister
+Michael Wilson's statement on Friday that Petro-Canada no
+longer has any pubilic policy role, Mulroney said his
+government has long promised to sell off companies that could
+be better run by the private sector.
+    Outside the House, Energy Minister Marcel Masse said
+Petro-Canada would be worth between three and four billion dlrs
+and, because of the size, could be difficult to sell.
+    He also said he would prefer to see Canadians participating
+in any privatization, but would not give any details on timing
+of a sale.          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19795" NEWID="3373">
+<DATE> 9-MAR-1987 16:50:04.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0819&#31;reute
+u f BC-MOODY'S-MAY-DOWNGRADE   03-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE CHRYSLER &lt;C> AND UNITS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade 12 billion dlrs of debt of Chrysler Corp and its
+units, including Chrysler Financial Corp.
+    It cited Chrysler's proposed acquisition of American Motors
+Corp &lt;AMO>. Moody's said it would also review American's B-1
+preferred stock for possible upgrade.
+    Moody's will assess the effect of the proposed transaction
+on Chrysler's capital structure. Under review are the parent's
+Baa-1 senior long-term debt, the finance unit's Baa-1 senior
+debt, Baa-2 senior subordinated debt and Baa-3 junior
+subordinated debt and Chrysler Canada's Baa-1 Eurobonds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19796" NEWID="3374">
+<DATE> 9-MAR-1987 16:51:04.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0822&#31;reute
+r f AM-COURT-BONDS   03-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COURT LETS CHINESE BOND SUIT DISMISSAL STAND</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Supreme Court left intact a
+ruling that vacated a judgment ordering China to pay 41.3 mln
+dlrs for allegedly defaulting on a 1911 loan to finance
+construction of a railroad from Peking to Canton.
+    The Imperial Government of China issued bonds in 1911 to
+help construct a section of the so-called Hukuang railroad in
+an agreement with British, German, French and American banks.
+    According to court documents, payments on the loan were
+made until the mid-1930s, when China was torn by civil war. The
+present government, which came to power in 1949, has never
+acknowledged the debt.
+     Nine U.S. bondholders sued China for repayment of the loan
+in 1979, less than a year after the normalization of relations
+between Washington and Peking.
+    A U.S. District Court in Alabama in 1982 issued a judgment
+that the bondholders were entitled to all unpaid interest and
+principal on the bonds, totaling 41.3 mln dlrs.
+    But a U.S. Court of Appeals last July vacated the award,
+ruling that the Chinese government was entitled to sovereign
+immunity, and dismissed the lawsuit.
+    Supported by the Reagan administration, China argued that
+it could not be held liable for a debts involving bonds issued
+in 1911 and that it enjoyed absolute immunity.
+    The Supreme Court, without comment, declined to hear an
+appeal by the bondholders seeking to reinstate their lawsuit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19797" NEWID="3375">
+<DATE> 9-MAR-1987 16:52:12.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0828&#31;reute
+d f BC-TEXAS-AIR-&lt;TEX>-UNIT   03-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR &lt;TEX> UNIT TO EXPAND SERVICE</TITLE>
+<DATELINE>    HOUSTON, March 9 - </DATELINE><BODY>Texas Air Corp's Continental Airlines
+said it will begin service in April to Bakersfield, Calif., and
+Eugene and Medford, Ore., from its hub at Denver.
+    From Denver, Continental will fly a daily nonstop and a
+one-stop flight to each of the three cities, the company said.
+Service to the Oregon cities will start April 5 and to
+Bakersfield, April 22.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19798" NEWID="3376">
+<DATE> 9-MAR-1987 16:54:18.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0837&#31;reute
+r f BC-NORANDA-TO-SPIN-OFF-F   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA TO SPIN OFF FOREST SUBSIDIARIES</TITLE>
+<DATELINE>    TORONTO, March 9 - </DATELINE><BODY>&lt;Noranda Inc> said the company planned a
+public share offer within three months of its Noranda Forest
+Inc unit, which holds Noranda's forest products interests.
+    Size of the offer is still undetermined, Noranda said.
+    Noranda said Noranda Forest would operate as a freestanding
+subsidiary of Noranda. Noranda Forest holds 100 pct of Fraser
+Inc, James Maclaren Industries and Noranda Forest Sales and 50
+pct stakes in MacMillan Bloedel Ltd &lt;MMBLF> and Northwood Pulp
+and Timber.
+     Noranda Forest's consolidated 1986 revenues were more than
+three billion dlrs, with earnings of 158 mln dlrs.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19799" NEWID="3377">
+<DATE> 9-MAR-1987 16:56:44.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0844&#31;reute
+d f BC-NEWS-CORP-&lt;NWS>-COMPL   03-09 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWS CORP &lt;NWS> COMPLETES PURCHASE OF NEWSPAPER</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The News Corp said the South China
+Morning Post Ltd of Hong Kong become a wholly-owned subsidiary
+March 7 as previously announced.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19800" NEWID="3378">
+<DATE> 9-MAR-1987 16:56:53.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0845&#31;reute
+d f BC-RICHMOND-HILL&lt;RICH>,   03-09 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RICHMOND HILL&lt;RICH>, RIVERHEAD END MERGER TALKS</TITLE>
+<DATELINE>    FLORAL PARK, N.Y., March 9 - </DATELINE><BODY>Richmond Hill Savings Bank and
+&lt;Riverhead Savings Bank FSB> said they terminated their
+previously announced merger negotiations.
+    The banks gave no reason for ending the talks, which began
+on January 14.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19801" NEWID="3379">
+<DATE> 9-MAR-1987 16:57:28.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0847&#31;reute
+d f BC-AIRBUS-HAS-NO-COMMENT   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRBUS HAS NO COMMENT ON MCDONNELL TALKS</TITLE>
+<DATELINE>    PARIS, March 9 - </DATELINE><BODY>European consortium Airbus Industrie said
+it had no comment on press reports that it had resumed talks
+with U.S. McDonnell Douglas Corp over a possible joint
+development and production of airliners.
+    A spokesman at Airbus headquarters in Toulouse said in a
+telephone interview: "We have no knowledge of talks and have no
+comment to make."
+    Talks broke off last autumn after the two rivals failed to
+agree on cooperation over a new long-range jet. McDonnell
+Douglas wanted Airbus to help build its MD-11, while Airbus
+insisted McDonnell drop the MD-11 and cooperate over its A340.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19802" NEWID="3380">
+<DATE> 9-MAR-1987 16:57:55.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0849&#31;reute
+r f BC-GENERAL-CINEMA-&lt;GCN>   03-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL CINEMA &lt;GCN> POOR SEASON LOWERS NET</TITLE>
+<DATELINE>    CHESNUT HILL, Mass., March 9 - </DATELINE><BODY>General Cinema Corp said
+lower attendence at its theatres against last year's record
+Christmas season lowered its first fiscal quarter operating
+earnings nine pct to 15.9 mln dlrs.
+    "While we are not off to as good a start in fiscal 1987 as
+we would like, business has picked up in the last few weeks,"
+chairman Richard Smith said.
+    He said that the company expected net pricing to be higher
+and unit volume to improve in the remaining quarters of the
+fiscal year.
+    The company added that operating earnings in its theatre
+unit will be higher in fiscal 1987 if the important summer
+season film releases perform well.
+    In addition, its other key business, General Cinema
+Beverages, is expected to achieve record operating results for
+the full year, Smith said.
+    The company's superstar video business which rents video
+cassettes in supermarkets continues to operate at an expected
+loss, the company added.
+    General Cinema said the financing costs associated with its
+purchase of 3.5 mln Carter Hawley Hale Stores Inc &lt;CHH> shares
+for 177.9 mln dlrs, and its 89.7 mln sterling investment in
+&lt;Cadbury Schweppes PLC>, lowered first quarter net.
+    But it said the loss was offset by a 2.5 mln dlr gain on
+the sale of common shares of Sea-Land Corp, a unit of CSX Corp
+&lt;CSX>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19803" NEWID="3381">
+<DATE> 9-MAR-1987 16:59:07.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0855&#31;reute
+u f BC-CEASARS-WORLD-&lt;CAW>-S   03-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CEASARS WORLD &lt;CAW> STUDYING SOSNOFF OFFER</TITLE>
+<DATELINE>    LOS ANGELES, March 9 - </DATELINE><BODY>Ceasars Wold Inc said its board is
+studying the unsolicited and conditional tender offer for all
+its common shares at 28 dlrs per share from Martin T. Sosnoff.
+    A company spokesman said the board expects to make a
+recommendation "shortly", but could not specify a time period.
+    Ceasars World Chairman Henry Gluck in a statement urged
+shareholders not to take any action with respect to the offer
+prior to the board's recommendation.
+    Sosnoff made the offer directly to shareholders in a
+newspaper advertisement through a company he formed, called MTS
+Acquisition Corp. It expires April 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19804" NEWID="3382">
+<DATE> 9-MAR-1987 16:59:45.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0860&#31;reute
+r f BC-AMERICUS-TRUST-&lt;BYU>   03-09 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICUS TRUST &lt;BYU> &lt;BYP> INITIAL QTRLY DIV</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Americus Trust For Bristol Myers shares
+announced an initial dividend of 68.75 cts payable May 12 for
+shareholders of record April 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19805" NEWID="3383">
+<DATE> 9-MAR-1987 16:59:54.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0861&#31;reute
+r f BC-MOODY'S-MAY-DOWNGRADE   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE RESORTS INTERNATIONAL &lt;RT></TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Moody's Investors Service Inc said it
+is reviewing the B-2 debt ratings of Resorts International Inc
+and of Resorts International Financing Inc for possible
+downgrade. Approximately 505 mln dlrs of debt is affected.
+    Moody's said the review was prompted by the recent bid by
+Donald Trump to acquire control of the company.
+    The rating agency said its review is focusing on the
+effects the acquisition is likely to have on Resorts
+International's leverage and ability to service its debt.
+Moody's said Resorts already has a highly leveraged
+capitalization.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19806" NEWID="3384">
+<DATE> 9-MAR-1987 17:00:05.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0862&#31;reute
+r f BC-UNITED-SECURITY-&lt;UNSE   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED SECURITY &lt;UNSE> TO BUY ROBERT BROWN UNIT</TITLE>
+<DATELINE>    SAN FRANCISCO, March 9 - </DATELINE><BODY>United Security Financial Corp of
+Illinois said it has signed a letter of intent to buy Robert
+Co. Brown and Co Inc's &lt;RCBI> MAGIC Insurance Group unit.
+    Robert C. Brown and Co would receive newly issued United
+Security stock. United Security said it is anticipated that
+such stock would represent a substantial majority of the shares
+outstanding after the merger.
+    United Security's principal subsidiary is United Security
+Life Insurance Co of Illinois. The MAGIC Group owns Pilgrim
+Life Insurance Co of America and Middle Atlantic Life Insurance
+Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19807" NEWID="3385">
+<DATE> 9-MAR-1987 17:01:19.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0867&#31;reute
+u f BC-MOODY'S-MAY-DOWNGRADE   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE CAESARS &lt;CAW> AND UNIT</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade 215 mln dlrs of debt of Caesars World Inc and its
+unit Caesars World Finance Corp.
+    Moody's said the review was prompted by the recent bid by
+investor Martin Sosnoff to acquire control of the company.
+While Sosnoff's bid depends on several factors, including
+licensing by both the Nevada and New Jersey gaming commissions,
+the deal could result in a significant increase in Caesars
+World's leverage, the rating agency said.
+    Caesars currently carries B-1 convertible debt and the
+finance has same-rated subordinated debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19808" NEWID="3386">
+<DATE> 9-MAR-1987 17:01:31.73</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f0869&#31;reute
+r f BC-portland-grain-ships   03-09 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN SHIPS LOADING AT PORTLAND</TITLE>
+<DATELINE>    PORTLAND, March 9 - </DATELINE><BODY>There were three grain ships loading
+and two ships were waiting to load at Portland, according to
+the Portland Merchants Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19809" NEWID="3387">
+<DATE> 9-MAR-1987 17:03:43.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0879&#31;reute
+u f BC-WARRINGTON-SELLS-SHOE   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARRINGTON SELLS SHOE DIVISIONS</TITLE>
+<DATELINE>    MONTREAL, March 9 - </DATELINE><BODY>(Warrington Inc) said it sold its shoe
+divisions to Montreal-based (Taurus Footwear Inc) for
+undisclosed terms.
+    The divisions manufacture and distribute Greb, Hush
+Puppies, Kodiak, and Santana brand shoes and had revenues of
+about 69 mln dlrs last year, Warrington said. It said the sale
+of the shoe divisions and the previous sale of its ski boot
+businesses will result in an unspecified net gain.
+    Warrington said it plans to concentrate on its Canstar
+Sports Group Inc skate and athletic footwear division, the
+largest ice skate manufacturer and distributor in the Western
+world.
+    Warrington said it decided to rationalize the balance of
+its ski businesses, which is expected to result in a divestment
+loss which could outweigh the net gains on the sales of its
+shoe and ski boot divisions.
+    Taurus said the acquisition is expected to increase its
+annual sales to about 100 mln dlrs and make it Canada's largest
+footwear manufacturer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19810" NEWID="3388">
+<DATE> 9-MAR-1987 17:07:26.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0890&#31;reute
+d f AM-ecuador-tremor   03-09 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR QUAKE CAUSES 950 MLN DLRS IN LOSSES</TITLE>
+<DATELINE>    QUITO, March 9 - </DATELINE><BODY>Up to 300 people were feared dead and more
+than 15,000 were left homeless by Ecuador's earthquake whose
+economic cost is at least 950 mln dlrs in damages, authorities
+said.
+    "The magnitude of the damages caused by the earthquake is
+gigantic," President Leon Febres Cordero said after inspecting
+the damages in Napo, the hardest-hit jungle province.
+    Shaking loose earth from hills, the thursday night quake
+triggered landslides, swelling the Aguarico river which burst
+it banks carrying away homes and huts in Napo province, health
+minister Jorge Brancho told reuters.
+    "We fear that up to 300 people died in napo though there is
+no way of now knowing the exact figure because there are many
+disappeared."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19811" NEWID="3389">
+<DATE> 9-MAR-1987 17:07:34.26</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0891&#31;reute
+u f BC-DUPONT-&lt;DD>-UNIT-RAIS   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUPONT &lt;DD> UNIT RAISES CRUDE OIL PRICES</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Conoco Inc, a subsidiary of DuPont
+Corp, said it was increasing its contract prices for crude oil
+between 10 cts and one dlr a barrel, effective today.
+    Conoco said the increase brings its price for the U.S.
+benchmark crude West Texas Intermediate to 17.50 dlrs a barrel,
+up one dlr.
+    South Louisiana Sweet, also up one dlr, is now 17.85 dlrs.
+West Texas Sour was up 10 cts to 16.60 dlrs a barrel.
+    Conoco was the last company to raise prices following a
+series of increases initiated last week by Sun Co &lt;SUN>, which
+reversed the posted price cuts made at the end of February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19812" NEWID="3390">
+<DATE> 9-MAR-1987 17:07:59.38</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0892&#31;reute
+u f BC-CBT-DISCUSSES-MAJOR-C   03-09 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT DISCUSSES MAJOR CHANGES FOR RENOVATION</TITLE>
+<AUTHOR>    By Brian Killen, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 9 - </DATELINE><BODY>Chicago Board of Trade (CBT)
+agricultural and financial futures markets could be in for a
+period of major upheaval later this year if the exchange goes
+ahead with planned renovation.
+    A CBT spokesman told Reuters the exchange was looking at a
+number of options to identify the most cost effective and
+efficient way to proceed, including one which would involve
+moving the entire grains floor out of the building and into the
+nearby MidAmerica Commodity Exchange.
+    "One of (CBT Chairman) Karsten Mahlmann's agenda items has
+been to proceed with renovation in the financial futures room,"
+the spokesman said.
+    Another CBT official, executive vice president George
+Sladoje, said the issue would be discussed this Friday at a
+special meeting on the exchange floor.
+    A number of presentations have been made with regard to
+renovating the financial futures room, Sladoje said. "We've
+looked at five or six different alternatives, involving such
+things as flip-flopping the trading rooms," he added.
+    It is conceivable that under a couple of these plans, we
+might use the MidAmerica Exchange temporarily for some CBT
+markets, Sladoje said.
+    "If we move out of one floor entirely, then the
+construction period will be about a year," he said, adding that
+the issue was likely to go to a membership vote first and then
+be on the drawing board for eight months to a year.
+    The CBT spokesman stressed that discussions were very
+preliminary at this stage and nothing was likely to begin until
+this summer at the earliest.
+    In order to renovate the crowded financial futures pits,
+exchange officials have discussed providing them a temporary
+home next door in the present grains-dominated area.
+    This could involve moving CBT markets in U.S. Treasury Bond
+futures, Treasury Notes, Muni-bonds, and options on T-Bonds and
+T-Notes through an adjoining corridor, while utilizing the
+MidAmerica floor for such CBT futures contracts as corn, wheat,
+soybeans, soybean products and agricultural options.
+    Any such moves could meet with opposition among some CBT
+members.
+    One senior floor trader said the financial futures room
+badly needs renovating.
+    "There is talk the grains floor will shift to the MidAm and
+the financials will move to the grains area," he said.
+    The CBT spokesman said another option being discussed was
+to renovate the financial floor in quadrants, one quarter at a
+time. "The first step, after deciding the most effective way to
+proceed, would be to get architectural and engineering
+drawings," he said.
+    He added that it was difficult at present to determine an
+exact time frame for any possible moves. "This is a major
+undertaking and a process that would spread out over next
+year," he said.
+    Floor traders at the MidAmerica Commodity Exchange, which
+merged with the CBT about a year ago, said they were preparing
+to vacate their floor at the end of this month.
+    Space has recently been cleared for them at the CBT by
+moving its Major Market Index pit into the area once reserved
+for lightly-traded CBT gold and silver futures, which now share
+their trading area.
+    The MidAm specializes in mini-contracts in grains,
+livestock, metals, financials and foreign currencies as well as
+some options contracts.
+    "Rumor has it that the CBT grains are coming over here
+because the bonds are too crowded," one MidAm trader said.
+    Another source at the MidAm said this change could take
+place by July or August.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19813" NEWID="3391">
+<DATE> 9-MAR-1987 17:08:25.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0894&#31;reute
+u f BC-FLUOR-CORP-&lt;FLR>-WINS   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLUOR CORP &lt;FLR> WINS 197.6 MLN DLR ARMY CONTRACT</TITLE>
+<DATELINE>    IRVINE, Calif., March 9 - </DATELINE><BODY>Fluor Corp said it won a 197.6
+mln dlr contract from the U.S. Army Engineer District, with a
+follow-on option for an additional 450 mln dlrs.
+    Fluor's Fluor Constructors Inc unit will perform
+procurement and construction for Ground Based Free Electron
+Laser-Technology Integrated Experiment Project at the White
+Sands Missile Range in New Mexico.
+    Phase I Construction will begin this month and is scheduled
+for completion in September, 1990.
+    Based on its results, a Phase II follow-on option may be
+implemented for an additional two years, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19814" NEWID="3392">
+<DATE> 9-MAR-1987 17:10:29.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0903&#31;reute
+r f BC-PIEDMONT-&lt;PIE>-PREFER   03-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT &lt;PIE> PREFERRED MAY BE CUT BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Standard and Poor's Corp said it may
+cut Piedmont Aviation Inc's BBB-minus preferred stock because
+of USAir Group Inc's &lt;U> proposed acquisition of the airline.
+    While the combination would strengthen both airlines'
+market position and enhance revenue generating capability,
+USAir Group would require substantial debt to finance the 1.6
+billion dlr acquisition, S and P said.
+    USAir's balance sheet and cash flow support of debt, among
+the strongest in the industry, would be weakened by financing
+all-cash acquisitions of Piedmont and PSA Inc. USAir's A-rated
+senior debt is already on S/P watch for possible downgrade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19815" NEWID="3393">
+<DATE> 9-MAR-1987 17:17:20.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0916&#31;reute
+u f BC-BEKER-&lt;BKI>-REORGANIZ   03-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEKER &lt;BKI> REORGANIZATION PLAN DELAYED</TITLE>
+<DATELINE>    GREEWICH, Conn., March 9 - </DATELINE><BODY>Beker Industries Corp said it
+was unable to confirm its plan for reorganization at a March 5
+hearing before the U.S. Bankruptcy Court because necessary
+agreements had not been reached with its institutional lenders.
+    The company said it could set no specific date for
+completing its reorganization.
+    At the March 5 hearing, the company said it filed a motion
+for approval of an agreement that has been reached in principal
+with a unit of Freeport-McMoRan Inc &lt;FTX> for the sale of
+Beker's facilities in Louisiana and Florida.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19816" NEWID="3394">
+<DATE> 9-MAR-1987 17:17:34.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0917&#31;reute
+r f BC-PRIME   03-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP SEEKS PRIME MEDICAL &lt;PMSI> HOLDER LIST</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>A group of investment firms led by
+Far Hills, N.J., investor Natalie Koether said it is seeking
+information about the shareholders of Prime Medical Services
+Inc, over which it has said it is seeking control.
+    In a filing with the Securities and Exchange Commission,
+the group, which includes Shamrock Associates, included a March
+6 letter to Prime which asks for a complete list of all
+shareholders and their addresses.
+    The group said it wants the information so it can contact
+shareholders on issues, including election of an opposition
+slate of directors to the board and other proxy contests.
+    The Koether group's letter gives the company five days to
+respond to its request. If there is no response from Prime
+Medical, the group said it would consider the demand refused
+and would take "other proper steps" to get the information.
+    The group said it already holds 1,483,886 Prime Medical
+shares, or 17.5 pct of the total. It said it has taken legal
+action to try to force the company to set an annual meeting and
+require all directors to stand for election.
+    In a previous SEC filing, the group has said it has decided
+to try to seek control of Prime Medical through a tender offer,
+exchange offer, proxy contest or other ways.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19817" NEWID="3395">
+<DATE> 9-MAR-1987 17:18:06.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0920&#31;reute
+d f BC-&lt;GRAND-METROPOLITAN-P   03-09 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GRAND METROPOLITAN PLC> UNIT TO SELL BUSINESS</TITLE>
+<DATELINE>    MONTVALE, N.J., March 9 - </DATELINE><BODY>Grand Metropolitan PLC said its
+Grandmet USA Inc unit decided to sell its physical fitness and
+exercise equipment business.
+    The company said Morgan Stanely and Co Inc is advising it
+on the sale of the business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19818" NEWID="3396">
+<DATE> 9-MAR-1987 17:22:25.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0930&#31;reute
+u f BC-CHRYSLER-&lt;C>-AMC-BUYO   03-09 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> AMC BUYOUT VALUED AT 1.55 BILLION</TITLE>
+<AUTHOR>    By Richard Walker, Reuters</AUTHOR>
+<DATELINE>    DETROIT, March 9 - </DATELINE><BODY>Chrysler Corp's proposed acquisition of
+American Motors Corp is valued at about 1.55 billion dlrs,
+including the cost of acquisition and the 767 mln dlrs in
+American Motor' debt that Chrysler will assume, analysts said.
+    They said Chrysler's cost of acquisition was valued at  782
+mln dlrs, paid in cash, notes and Chrysler shares.
+    The analysts told Reuters that at a New York briefing
+Chrysler treasurer Fred Zuckerman outlined his company's
+agreement with Renault to assume AMC's debt as well as 332 mln
+dlrs in unfunded pension liabilities, though the latter is not
+included valuing the transaction.
+    Analysts were generally positive on Chrysler's proposed
+purchase of its much-smaller rival, but said they expected the
+transaction would carry with it a short-term dilution in
+Chrysler's earnings.
+    A Chrysler financial source, speaking anonymously, told
+Reuters that the proposed purchase price was smaller than it
+would have been had a deal been struck last year because the
+impact of the new U.S. tax law removes Chrysler's ability to
+assume AMC's large reserve of tax-loss carryforwards
+accumulated from its losses since 1980.
+    "There were very serious discussions last fall but we
+didn't pull it off," the source said in a reference to the
+assassination in November of former Renault chairman Georges
+Besse.
+    "It's too bad because the tax benefits fell on the floor.
+And Renault could have gotten a much better price if we'd done
+it before the end of last year."
+    In addition to AMC's debt and its pension liabilities, the
+source said Chrysler would also assume any liability from
+lawsuits over the safety of Jeeps, which he called "an overhang
+to the company."
+    Analysts quoted Chrysler officials as having told them that
+the deal includes payment to Renault of 200 mln dlrs principal
+in the form of a 10-year note at eight pct interest, 35 mln
+dlrs cash for Renault's equity in AMC's finance subsidiary, 25
+mln dlrs in cash for "transaction fees" in connection with the
+acquisition and 522 mln dlrs worth of Chrysler stock to be paid
+AMC shareholders.
+    "The big number is the 767 mln dlrs in debt assumption,"
+analyst Jack Kirnan of Kidder Peabody and Co told Reuters.
+     Moody's Investors Service Inc said it may downgrade 12
+billion dlrs of Chrysler Corp and unit debt due to the deal.
+     But the Chrysler source said that in assuming AMC's
+liabilities, his company will refinance at a lower rate any AMC
+debt that is being carried at "non-market" rates.
+    He said there were difficulties in negotiating with the
+previous Renault management on the acquisition because they
+were committed to the group's business plan of which AMC was an
+integral part.
+    "The new management didn't have that problem - AMC wasn't
+their baby," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19819" NEWID="3397">
+<DATE> 9-MAR-1987 17:24:41.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0936&#31;reute
+u f BC-BANKS-TO-MULL-PHILIPP   03-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS TO MULL PHILIPPINE DEBT PROPOSAL</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The Philippines' bank advisory
+committee meets tomorrow to discuss its response to a novel
+proposal by finance minister Jaime Ongpin to pay part of the
+country's interest bill with investment notes instead of cash,
+bankers said.
+    Ongpin outlined his plan today to the 12-bank advisory
+committee headed by Manufacturers Hanover Trust Co.
+    Bankers declined to comment on today's meeting but said the
+panel's response could be crucial to the fate of the talks,
+which are now in their second week. "The ball's in our court
+now," one banker on the committee said.
+    Under Ongpin's rescheduling plan, the Philippines would
+offer to make interest payments in cash at 5/8 pct over the
+London Interbank Offered Rate.
+    Banks which found this rate unacceptably low would be
+offered an alternative of LIBOR payments in cash plus a margin
+of one pct in the form of Philippine Investment Notes, PINs,
+bankers explained.
+    These tradable, dollar-denominated zero-coupon notes would
+have a maturity of six years, but they would be redeemable at
+any time at par for pesos to fund investments approved as part
+of the government's debt-equity scheme.
+    Because banks would be able to sell the PINs to
+multinational investors at relatively small discounts to face
+value, their total yield would be boosted well above the 5/8
+pct cash margin, according to the Philippine proposal.
+    Although bankers are eager to foster foreign investment in
+the Philippines, the PINs idea is likely to run into stiff
+resistance by at least some members of the bank advisory
+committee because it would establish the precedent of some
+interest payments being made with paper rather than cash.
+    Ongpin has said that U.S. regulators and accountants had
+given a green light to his idea, but bankers are not so sure.
+    U.S. bankers fear that they would not be able to account
+for the notes in the same way as accruing cash interest
+payments and that their profits would suffer accordingly.
+    If the banks reject the proposal out of hand, however, they
+run the risk of scuttling the talks, for Ongpin has insisted
+that he would not accept a margin above 5/8 pct.
+    The Phillipines is asking the banks to reschedule 3.6
+billion dlrs of debt falling due between 1987 and 1992 and to
+grant easier terms on 5.8 billion dlrs of previously
+restructured debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19820" NEWID="3398">
+<DATE> 9-MAR-1987 17:29:34.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0955&#31;reute
+r f BC-VARITY-&lt;VAT>-UNIT-HAS   03-09 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARITY &lt;VAT> UNIT HAS NEW INDUSTRIAL DIESELS</TITLE>
+<DATELINE>    Toronto, March 9 - </DATELINE><BODY>Varity Corp said Perkins Engines,
+Varity's British-based diesel engine subsidiary, introduced
+three families of new industrial diesels, ranging from 37 to
+400 horsepower.
+    The new models include four and six cylinder units, two to
+12 liters in displacement, Varity said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19821" NEWID="3399">
+<DATE> 9-MAR-1987 17:30:33.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0961&#31;reute
+r f BC-WASHINGTON-NAT'L-&lt;WNT   03-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON NAT'L &lt;WNT> BUYS UNITED PRESIDENTIAL</TITLE>
+<DATELINE>    EVANSTON, Ill., March 9 - </DATELINE><BODY>Washington National Corp's
+Washington National Insurance Co said it bought the remaining
+15 pct of United Presidential Corp's &lt;UPCO> outstanding shares
+at 19 dlrs a share cash.
+    The acquisition of the shares is part of a plan of exchange
+approved by United Presidential shareholders at a special
+meeting March 6.
+    The purchase of the remaining United Presidential stake
+follows Washington National's buying 85 pct of United
+Presidential in a 19 dlrs a share tender offer which terminated
+December 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19822" NEWID="3400">
+<DATE> 9-MAR-1987 17:33:03.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0972&#31;reute
+d f BC-CONAGRA-&lt;CAG>-COMPLET   03-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONAGRA &lt;CAG> COMPLETES MERGER WITH TRIDENT</TITLE>
+<DATELINE>    OMAHA, Neb., March 9 - </DATELINE><BODY>Conagra Inc said it completed the
+merger of its Sea-Alaska Products Co unit and &lt;Trident Seafoods
+Corp.>
+    Conagra said the new company, in which it holds a 45 pct
+stake, will be called Trident Seafoods Corp. Charles Bundrant,
+president of Trident before the merger, was named president of
+the new company, Conagra said.
+    Conagra said it also completed the previously announced
+acquisition of &lt;Bristol Monarch Corp> and that Trident
+completed the purchase of the remaining 50 pct stake of &lt;San
+Juan Seafoods Inc.>
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19823" NEWID="3401">
+<DATE> 9-MAR-1987 17:35:20.01</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0977&#31;reute
+u f BC-MARKET-DISCOUNTS-HIGH   03-09 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARKET DISCOUNTS HIGHER SOVIET GRAIN IMPORTS</TITLE>
+<DATELINE>    CHICAGO, MARCH 9 - </DATELINE><BODY>Grain analysts said the increase of
+three mln tonnes in 1986/87 Soviet grain imports is unlikely to
+affect the market Tuesday.
+    They said the market already has discounted higher Soviet
+imports, partly on news last month that the Soviet Union bought
+one mln tonnes of U.S. corn, and on rumors that the Reagan
+administration is pushing for authority to sell the Soviets
+U.S. wheat under the Export Enhancement Program.
+    In its supply-demand report, the USDA raised its estimate
+for 1986/87 Soviet grain imports to 26 mln tonnes from 23 mln.
+    "That was business already done, for all practical
+purposes," said Drexel Burnham analyst Dale Gustafson,
+reflecting similar statements made by other analysts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19824" NEWID="3402">
+<DATE> 9-MAR-1987 17:39:45.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0984&#31;reute
+r f BC-INVESTORS-GROUP-SHARE   03-09 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS GROUP SHARE OFFERING APPROVED</TITLE>
+<DATELINE>    WINNIPEG, Manitoba, March 9 - </DATELINE><BODY>Investors Group Inc, a unit
+of &lt;Power Financial Corp>, said filing a final prospectus for
+the previously announced new issue of one mln common shares of
+Investors Group and secondary offering by Power Financial of
+three mln Investors Group common received regulatory approval.
+    The issue will be priced at 23.50 dlrs a share and
+1,650,000 shares of the total issue will be offered outside
+Canada. The Canadian offering will be purchased by investment
+dealers &lt;Dominion Securities Inc> and Gordon Capital Corp, and
+the international offering will be acquired by Dominion
+Securities, Gordon and S.G. Warburg Securities, Investors said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19825" NEWID="3403">
+<DATE> 9-MAR-1987 17:40:43.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0988&#31;reute
+r f BC-GULL-AIR-FILES-TEXAS   03-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULL AIR FILES TEXAS AIR &lt;TXN> ANTI-TRUST SUIT</TITLE>
+<DATELINE>    BOSTON, March 9 - </DATELINE><BODY>&lt;Gull Air Inc> said it filed an
+anti-trust suit against Texas Air Corp, charging the airline
+broke a marketing agreement and undertook predatory business
+practices aimed at shutting down Gull Air.
+    Gull Air, flying commerical routes in some 20 cities in the
+Northeast, Florida and the Bahamas, said it reached a feeder
+agreement with Texas Air Corp in March 1986.
+    Under the five year marketing pact, Gull said it
+coordinated its flights with Texas Air, Continental, Eastern
+and New York Air, to facilitate connections and increase its
+business.
+    But when Texas Air acquired People Express Inc and its
+units, including Bar Harbor Air Line and Provincetown-Boston
+Airline, the privately-held Gull became a competitor to the
+Texas Air units, the company said.
+    The company said Texas Air then broke the five year
+agreement previously reached with Gull, causing it to lose
+millions of dollars.
+    A company spokesman said Gull has not yet set a monetary
+value on the amount on the damages it is seeking in the suit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19826" NEWID="3404">
+<DATE> 9-MAR-1987 17:40:54.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS><D>euratom</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0989&#31;reute
+r f BC-REAGAN-EXTENDS-U.S.-C   03-09 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN EXTENDS U.S. COOPERATION WITH EURATOM</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>President Reagan signed an order 
+allowing sales of U.S. nuclear fuel to the European Atomic
+Energy Community (EURATOM) to continue for a further year, even
+though they do not comply with a 1978 U.S. law.
+    Under the law, which is designed to combat the spread of
+nuclear weapons, foreign importers of U.S. nuclear fuel must
+get American consent to any reprocessing.
+    The United States and EURATOM have had a series of 11
+rounds of talks from 1978 to 1986 to renegotiate its nuclear
+cooperation agreements, signed more than 20 years ago, to
+conform with the 1978 law.
+    Since 1978 the U.S.-EURATOM nuclear coooperation accords
+have been extended by a series of presidential waiver orders.
+    State Department officials said negotiations had made more
+progress in the last two years after the United States had
+offered a longterm reprocessing consent arrangement, rather
+than requiring EURATOM to have U.S. consent for each fuel
+delivery.
+     In notifying Congress of today's order extending
+U.S.-EURATOM nuclear cooperation, Reagan said: "A disruption of
+nuclear cooperation would not only eliminate any chance of
+progress in our talks with EURATOM related to our agreements,
+it would also cause serious problems in our relationships."
+      He said further progress in talks with EURATOM was 
+expected this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19827" NEWID="3405">
+<DATE> 9-MAR-1987 17:42:35.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0996&#31;reute
+d f BC-&lt;atco-ltd>-to-sell-bu   03-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ATCO LTD> SEES GAIN FROM SALE</TITLE>
+<DATELINE>    CALGARY, Alberta, March 9 - </DATELINE><BODY>Atco Ltd said its Atco
+Development unit agreed to sell the Canadian Utilities Center
+in Edmonton, Alberta and the Canadian Western Center in
+Calgary.
+    The sales, together with the previously-announced sale of
+Atco's Australian operations, will gross 114 mln dlrs and
+result in an after-tax gain of 31 mln dlrs, which will be
+reflected in Atco's fiscal year results.
+    Its fiscal year ends March 31, the company said. In
+addition, the sales will produce 47 mln dlrs cash after debt
+reduction of 67 mln dlrs, Atco said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19828" NEWID="3406">
+<DATE> 9-MAR-1987 17:44:47.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0000&#31;reute
+b f BC-******LINDNER-TELLS-S   03-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LINDNER TELLS SEC HE HAS HAD TALKS WITH TAFT ON SEEKING CONTROL OF COMPANY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19829" NEWID="3407">
+<DATE> 9-MAR-1987 17:45:59.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0002&#31;reute
+u f BC-CBS-INC-&lt;CBS>-CHIEF-E   03-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBS INC &lt;CBS> CHIEF EXPLAINS NEWS STAFF CUTS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>The need to eliminate "inefficiencies
+and redundancies" was behind the decision to dismiss more than
+200 employees at CBS News, according to a memo from Laurence
+Tisch, chief executive officer of CBS Inc.
+    CBS made public the memo to employes in which Tisch sought
+to re-assure news employes that news divison will have the
+resources to "serve the needs of the public" in the future.
+    Tisch said he accepted recommendations of the management of
+CBS News that 10 pct of the work force be trimmmed. "It was not
+an assignment that anyone relished or that I enjoyed giving
+them," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19830" NEWID="3408">
+<DATE> 9-MAR-1987 17:49:16.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>spain</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0005&#31;reute
+r f AM-COMMUNITY-BUTTER   03-09 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUTURE OF EC BUTTER DISPOSAL SCHEME IN DOUBT</TITLE>
+<DATELINE>    BRUSSELS, March 9 - </DATELINE><BODY>A 3.6 billion dlr plan to rid the
+European Community (EC) of one mln tonnes of surplus butter is
+in doubt as Spain and Portugal refuse to drop their opposition
+to the scheme, diplomats said.
+    The plan, proposed by the Community's executive Commission,
+aims to level most of the EC's huge and costly butter mountain
+by disposing of a total of 1.04 mln tonnes this year and next.
+    But the officials said Spain and Portugal, which joined the
+12-nation bloc at the beginning of last year, continued to
+oppose the scheme at a meeting of EC finance ministers here.
+    They argued they should not have to pay for the disposal of
+surpluses created before they became EC members.
+    The plan, already approved by farm ministers despite
+opposition from Madrid and Lisbon, had been sent to finance
+ministers for final approval.
+    But the diplomats said the finance ministers instead
+referred it back to the Commission, asking it to study possible
+ways to solve the row as soon as possible.
+    They said Spain and Portugal indicated they may go to the
+European Court of Justice over the issue if the Commission did
+not come up with a satisfactory solution.
+    The scheme has also run into criticism from the EC's
+financial watchdog, the Court of Auditors.
+    The Court has said the plan is unsound because the
+Commission wants member states to foot the bill until it starts
+reimbursing them in four annual instalments from 1989.
+    Diplomats said Spain and Portugal backed the court's view
+and also complained that, under complex financial agreements
+worked out when they joined the EC, they would get less back
+later than if they were reimbursed now.
+    Commission sources said it appeared the two countries were
+holding out in a bid to squeeze some form of compensation out
+of their partners but it was unclear how much longer they would
+continue to block the scheme.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19831" NEWID="3409">
+<DATE> 9-MAR-1987 17:49:32.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0006&#31;reute
+d f BC-BANCROFT-&lt;BCV>-FILES   03-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCROFT &lt;BCV> FILES SUIT AGAINST ZICO</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>Bancroft Convertible Fund Inc said it
+filed a lawsuit in federal court in Newark, N.J., seeking to
+block a hostile 30 dlr a share takeover offer by &lt;Zico
+Investment Holdings Inc.>
+    Bancroft said the suit also names Michael B. Javett,
+principal officer of Zico, and First Fidelity Bancorp's &lt;FFB>
+First Fidelity Bank unit, the depositary for Zico's offer.
+    Bancroft said the suit also names &lt;Georgeson and Co Inc>,
+Zico's information agent, and &lt;Luthie Intercontinentale Inc>, a
+Panamanian corporation.
+    Bancroft said its complaint alleges that Zico's tender
+offer materials include false and misleading information and
+that the offer violates the Investment Company Act of 1940.
+    The company said its stockholders approved proposals that
+will insure that it remains independent.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19832" NEWID="3410">
+<DATE> 9-MAR-1987 17:50:32.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0008&#31;reute
+u f BC-BELL-CANADA-(BCE),-LA   03-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL CANADA (BCE), LAVALIN TO BID ON MAP SERVICE</TITLE>
+<DATELINE>    MONTREAL, March 9 - </DATELINE><BODY>&lt;Lavalin Bell Geomat>, a company owned
+by Bell Canada Enterprises Inc and engineering company &lt;Lavalin
+Inc>, plans a bid to take over the federal government's map
+making service, Lavalin said.
+    The service has an annual budget of about 130 mln Canadian
+dlrs and includes the surveys and mapping and remote sensing
+branches of the Energy, Mines, and Resources department, and
+the hydrographic services of the Fisheries and Oceans
+department, Lavalin president Bernard Lamarre said.
+    Lamarre said company officials have held preliminary talks
+with the government to discuss the possibility of taking over
+the service.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19833" NEWID="3411">
+<DATE> 9-MAR-1987 17:53:58.07</DATE>
+<TOPICS><D>gnp</D><D>cpi</D><D>money-fx</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0011&#31;reute
+d f AM-peru-economy   03-09 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK REPORT CRITICISES PERU ECONOMIC PLAN</TITLE>
+<AUTHOR>    By Paul Iredale, Reuters</AUTHOR>
+<DATELINE>    LIMA, March 9 - </DATELINE><BODY>A confidential World Bank report on the
+Peruvian economy has said the government's strategy does not
+offer good prospects for medium and long-term growth and is
+likely to lead to an early renewal of inflationary pressure.
+    The report, published today by the economic monthly, The
+Peru Report, said the success of president Alan Garcia's
+government in stimulating output last year to achieve a growth
+in gross domestic product of over eight pct "represents gains in
+the short term at the expense of the long."
+    Government officials had no immediate comment on the
+report, which advised a reduction in the overall size of the
+public investment program and greater emphasis on the
+preservation of Peru's export potential.
+    The report said that although the government had succeeded
+in cutting inflation from 250 pct a year in the first half of
+1985 to under 70 pct, its stabilisation and reactivation
+program was encountering rising difficulties.
+    "An early renewal of inflationary pressures, linked to
+monetary expansion, exchange rate devaluation and an easing of
+price controls, appears not improbable," it added.
+    The world bank report said the government's policies had
+reduced inflation and short-term increases in consumption at
+the apparent cost of price distortions, overvaluation of the
+currency, balance of payments disequilibrium, reserve losses,
+and sharply diminished creditworthiness.
+    It said unless the government took action quickly to fix a
+competitive exchange rate and control the public sector
+deficit, "the higher the probability will be that the government
+will eventually have to resort to drastic curtailment of
+domestic demand and either sharp devaluation or still further
+controls on imports in order to stem inflation and support the
+balance of payments."
+    It said the bank would place more emphasis on the
+preservation of peru's export potential, external links and
+overall economic efficiency.
+    The government's incentive policies towards the mining and
+petroleum sectors, among its main traditional exports,
+suggested that it did not accord high priority to their
+economic viability, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19834" NEWID="3412">
+<DATE> 9-MAR-1987 17:54:17.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0012&#31;reute
+h f BC-BDS-MEDICAL-&lt;BSDM>-RE   03-09 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BDS MEDICAL &lt;BSDM> RECEIVES PATENT</TITLE>
+<DATELINE>    SALT LAKE CITY, March 9 - </DATELINE><BODY>BSD Medical Corp said it received
+a patent from the U.S. Patent Office for its invasive/external
+electric field sensors.
+    The company said the patent is its fourth in seven months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19835" NEWID="3413">
+<DATE> 9-MAR-1987 17:55:41.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0016&#31;reute
+b f BC-TAFT   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINDNER SAYS HE DISCUSSED CONTROL OF TAFT &lt;TFB></TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>Financier Carl Lindner, who holds a
+16.2 pct stake in Taft Broadcasting Co, told the Securities and
+Exchange Commission he has discussed with the company the
+possibility of seeking control of it.
+    Lindner, the Cincinnati, Ohio, investor who controls
+American Financial Corp, said his talks with some of Taft's
+managers and directors have been aimed at "achieving an
+increased ownership position" in the company.
+    Lindner said his increase in ownership would be made either
+by making an offer to acquire control of Taft or taking part in
+a group to acquire the company.
+    Lindner, who holds his Taft stake through American
+Financial and its subsidiaries, said he is also considering
+buying more Taft stock on the open market or in private deals.
+    He did not say whether the talks with Taft officials led to
+any agreements or understandings.
+    But Lindner said he intends to review his investment in
+Taft and may be involved in further talks or take other steps
+regarding the future control and direction of Taft.
+    Lindner's investor group recently raised its Taft stake to
+1,489,298 shares, or 16.2 pct from 1,439,498 shares, or 15.6
+pct, after buying 49,800 shares for a total of 5.8 mln dlrs.
+    Although he recently received clearance from the Federal
+Trade Commission to raise his stake in the company to 24.9 pct,
+Lindner in previous SEC filings has always stressed that his
+interest in Taft was for investment only and not was not
+seeking to control the company.
+    An investor group headed by members of the wealthy Bass
+family of Fort Worth, Texas, also holds about 24.9 pct of
+Taft's common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19836" NEWID="3414">
+<DATE> 9-MAR-1987 17:57:40.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0017&#31;reute
+u f BC-N.Z.-FOREIGN-DEBT-FAL   03-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. FOREIGN DEBT FALLS TO 32.94 BILLION DLRS</TITLE>
+<DATELINE>    WELLINGTON, March 10 - </DATELINE><BODY>New Zealand's total foreign debt
+fell to 32.94 billion N.Z. Dlrs in the quarter end December 31
+against 33.42 billion in the quarter end September 30, revised
+from 33.12 billion dlrs, and 24.61 billion in the quarter end
+March 1985, the statistics department said.
+    The department began releasing quarterly figures in June
+1986.
+    It said in a statement Government Corporation foreign debt
+in the December quarter fell to 5.86 billion against a 6.78
+billion in the September quarter, revised from 6.63 billion and
+5.25 billion in March quarter 1985.
+    Private sector foreign debt fell to 5.75 billion dlrs from
+5.89 billion, revised from 5.74 billion, and 5.45 billion in
+March 1985.
+    Government departments and Reserve Bank foreign debt rose
+to 21.32 billion against 20.75 billion and 13.92 billion.
+    Contributing to the total fall of 0.48 billion dlrs were
+2.11 billion in net realised and unrealised exchange gains, a
+result of an appreciation of the New Zealand dollar against
+other currencies, the department said.
+    The U.S. Dollar remained the predominant borrowing currency
+for all three sectors in the economy at December 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19837" NEWID="3415">
+<DATE> 9-MAR-1987 18:12:09.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0030&#31;reute
+r f BC-INVESTORS-SET-DEADLIN   03-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS SET DEADLINE FOR JAPAN FUND &lt;JPN></TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>An investor group that includes T.
+Boone Pickens III said it set a deadline of 1600 EST on March
+11 for its offer to acquire Japan Fund Inc.
+    The group, which also includes &lt;Sterling Grace Capital
+Management Inc LP> and &lt;Anglo American Security Fund LP>, said
+it was willing to deposit in escrow 100,000 Japan Fund shares,
+worth about two mln dlrs, to insure its ability to obtain
+financing if Japan Fund approves its offer.
+    The group said Japan Fund has not responded to its offer,
+worth about 525 mln dlrs at current market prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19838" NEWID="3416">
+<DATE> 9-MAR-1987 18:17:08.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0033&#31;reute
+d f BC-SYMBION   03-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR FIRMS HAVE 25.5 PCT OF SYMBION &lt;SYMB></TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>A group of affiliated firms led by
+Warburg, Pincus Capital Co L.P., a New York venture capital and
+investment partnership, said it has acquired 1,920,527 shares
+of Symbion Inc, or 25.5 pct of the total outstanding.
+    In a filing with the Securities and Exchange Commission,
+the Warburg Pincus group said it bought the stake for
+investment purposes.
+    Although the group said it is considering buying more
+shares of Symbion, it said it has no plans to seek control of
+the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19839" NEWID="3417">
+<DATE> 9-MAR-1987 18:25:18.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0034&#31;reute
+d f BC-HAUSERMAN   03-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OFFSHORE INVESTOR HAS 5.9 PCT OF HAUSERMAN&lt;HASR></TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>Kindness N.V., a Bahamas-based firm
+owned by U.K. investor and Bahamas resident John Templeton,
+said it has acquired 137,900 shares of Hausereman Inc, or 5.9
+pct of the total outstanding common stock.
+    In a filing with the Securities and Exchange Commission,
+Templeton said he bought the shares for investment purposes
+only and has no intention of seeking control of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19840" NEWID="3418">
+<DATE> 9-MAR-1987 18:29:48.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0038&#31;reute
+d f BC-MCGILL   03-09 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRMS UP STAKE IN MCGILL MFTG &lt;MGLL></TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>A group of affiliated investment
+firms led by Bermuda-based Fidelity International Ltd and
+Boston-based FMR Corp, told the Securities and Exchange
+Commission it raised its stake in McGill Manufacturing Co Inc.
+    The group said it raised its stake to 88,580 shares, or 6.2
+pct of the total outstanding common stock, after buying 14,135
+McGill common shares between Jan 19 and March 2 at prices
+ranging from 33.57 to 34.57 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19841" NEWID="3419">
+<DATE> 9-MAR-1987 18:31:39.47</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0041&#31;reute
+f f BC-******U.S.-INTERVENED   03-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. INTERVENED TO BUY 50 MLN DLRS AGAINST YEN ON JANUARY 28, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19842" NEWID="3420">
+<DATE> 9-MAR-1987 18:32:02.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0042&#31;reute
+r f BC-CTS-&lt;CTS>-INCREASES-1   03-09 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CTS &lt;CTS> INCREASES 1986 LOSS</TITLE>
+<DATELINE>    ELKHART, Ind., March 9 - </DATELINE><BODY>CTS Corp said it increased its
+1986 loss from continuing operations to 26.6 mln dlrs from the
+previously announced 23.8 mln dlrs loss.
+    The 1986 figure was increased to include expenses involved
+with its settlement of a dispute with Dynamics Corp of America
+&lt;DYA>.
+    The settlement involved a takeover bid for CTS by Dynamics
+Corp, which had offered to buy the shares of CTS that it did
+not already own.
+    CTS made a profit of 7.9 mln dlrs from continuing
+operations in 1985.
+    CTS said it charged an additional 2.8 mln dlrs in special
+expenses to its 1986 operations as a result of the Dynamics
+Corp settlement.
+    The additional expenses include the obligation to reimburse
+Dynamics Corp, subject to approval of CTS shareholders, a total
+of 2.1 mln dlrs for Dynamics Corp's expenses and other costs
+relating to CTS.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19843" NEWID="3421">
+<DATE> 9-MAR-1987 18:32:35.89</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0043&#31;reute
+u f BC-U.S.-INTERVENED-TO-AI   03-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. INTERVENED TO AID DLR IN JANUARY, FED SAYS</TITLE>
+<DATELINE>    NEW YORK, March 9 - </DATELINE><BODY>U.S. authorities intervened in the
+foreign exchange market to support the dollar on one occasion
+during the period between the start of November 1986 and the
+end of January, the Federal Reserve Bank of New York said in a
+report.
+    The Fed's quarterly review of foreign exchange operations
+said that the U.S. bought 50 mln dlrs through the sale of yen
+on January 28. This operation was coordinated with the Japanese
+monetary authorities and was funded equally by the Fed and the
+U.S. Treasury.
+    The Fed's intervention was on the morning after president
+Reagan's State of the Union message and was "in a manner
+consistent with the joint statement" made by U.S. Treasury
+secretary James Baker and Japanese finance minister Kiichi
+Miyazawa after their January 21 consultations.
+    At that meeting, the two reaffirmed their willingness to
+cooperate on exchange rate issues.
+    The Fed's report did not say at what level the intervention
+occurred. But on January 28, the dollar closed at 151.50/60 yen
+after dipping as low as 150.40 yen earlier in the session. It
+had closed at 151.05/15 yen the previous day.
+    The dollar had plumbed a post-World War II low of 149.98
+yen on January 19 and reached a seven-year low of 1.7675 marks
+on January 28. It ended that day at 1.7820/30 marks.
+    The Fed noted that, after trading steadily throughout
+November and the first half of December, the dollar moved
+sharply lower until the end of January.
+    It closed the three-month review period down more than 11
+pct against the mark and most other Continental currencies and
+seven pct lower against the yen and sterling. It had fallen
+four pct against the Canadian dollar.
+    During the final days of January, pressure on the dollar
+subsided. Reports of the U.S.-Japanese intervention operation
+and talk of an upcoming meeting of the major industrial
+countries encouraged expectations for broader cooperation on
+exchange rate and economic policy matters, the Fed said.
+    Moreover, doubts had developed about the course of U.S.
+interest rates. The dollar's swift fall had raised questions
+about whether the Fed would let short-term rates ease.
+    Thus the dollar firmed to close the period at 1.8320 marks
+and 153.70 yen. According to the Fed's trade-weighted index, it
+had declined nine pct since the beginning of the period.
+    The dollar had risen as high as 2.08 marks and 165 yen in
+early November.
+    The Fed last intervened in the foreign exchange market on
+November 7, 1985 when it bought a total of 102.2 mln dlrs worth
+of marks and yen.
+    The Fed's action followed the September 1985 Plaza
+agreement between the five major industrial nations under which
+they agreed to promote an orderly decline of the dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19844" NEWID="3422">
+<DATE> 9-MAR-1987 18:33:22.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0046&#31;reute
+d f BC-CERTRON   03-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRM RAISES CERTRON &lt;CRTN> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>Louart Corp, a Los Angeles investment
+firm, said it raised its stake in Certron Corp to 237,000
+shares, or 7.8 pct of the total outstanding common stock, from
+164,000 shares, or 5.4 pct.
+    In a filing with the Securities and Exchange Commission,
+Louart said it bought 73,000 Certron shares between Sept 9 and
+March 6 at a total of 109,315 dlrs a share.
+    It said its dealings in Certron were for investment only,
+but said it might increase its stake. It said it has no plans
+to seek control of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19845" NEWID="3423">
+<DATE> 9-MAR-1987 18:35:19.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0050&#31;reute
+h f BC-SONO-TEK-OFFERING-CUT   03-09 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONO-TEK OFFERING CUT TO 350,000 SHARES</TITLE>
+<DATELINE>    NEW YORK, MArch 9 - </DATELINE><BODY>Sono-Tek Corp said it reduced to
+350,000 from 400,000 the number of shares it will sell in its
+initial public stock offering.
+    The price of the offering remains unchanged at five dlrs
+per share, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19846" NEWID="3424">
+<DATE> 9-MAR-1987 18:37:14.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0053&#31;reute
+h f BC-BARNETT-BANKS-&lt;BBF>-P   03-09 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARNETT BANKS &lt;BBF> PROPOSES NAME CHANGE</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., March 9 - </DATELINE><BODY>Barnett Banks of Florida Inc
+proposed changing its name to Barnett Banks Inc, the company
+said.
+    The company said shareholders will vote on the proposal,
+made in its 1987 proxy statement, at the annual meeting on
+April 22.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19847" NEWID="3425">
+<DATE> 9-MAR-1987 18:44:43.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0059&#31;reute
+h f BC-HOGAN-SYSTEMS-&lt;HOGN>   03-09 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOGAN SYSTEMS &lt;HOGN> IN ACQUISITION</TITLE>
+<DATELINE>    DALLAS, March 9 - </DATELINE><BODY>Hogan Systems Inc said it acquired
+&lt;Systems 4 Inc> of Durango, Colo., for 1.7 mln dlrs.
+    Hogan said Systems 4 provides integrated applications
+software and processing services to about 30 community banks.
+    Systems 4 has revenues of 1.5 mln dlrs a year, Hogan said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19848" NEWID="3426">
+<DATE> 9-MAR-1987 18:45:32.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0060&#31;reute
+u f BC-YEUTTER-DECLINES-COMM   03-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER DECLINES COMMENT ON SENATE RUMOR</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter declined to comment publicly on a rumor that Nebraska
+Gov. Kay Orr was considering appointing him to replace
+Democratic Sen. Edward Zorinsky, who died last week.
+    However, Yeutter told senior staff this morning that he was
+not interested in replacing Zorinsky and wanted to continue
+serving as President Reagan's chief trade negotiator, an aide
+told Reuters.
+    Orr reportedly is considering naming a Republican to
+replace Zorinsky. Nebraska Republican Reps. Doug Bereuter and
+Hal Daub were said to be among those being considered by Orr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19849" NEWID="3427">
+<DATE> 9-MAR-1987 18:46:21.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0061&#31;reute
+r f BC-AIRCAL-&lt;ACF>-FEBRUARY   03-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRCAL &lt;ACF> FEBRUARY LOAD FACTOR DOWN SLIGHTLY</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., March 9 - </DATELINE><BODY>AirCal said its February
+load factor averaged 53.4 pct, down slightly from 54.2 pct a
+year earlier.
+    The company said available seat miles, at 357.1 mln, were
+up 40.5 pct from a year ago, while revenue passenger miles, at
+190.8 mln, were up 38.5 pct.
+    Year to date revenue passenger miles were 383.3 mln at the
+end of February, up 33.4 pct from a year earlier, while
+available seat miles, at 750.5 mln, were up 39.5 pct.
+    The load factor for the first two months of the year was
+51.1 pct, down from 53.4 pct a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19850" NEWID="3428">
+<DATE> 9-MAR-1987 18:46:38.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0062&#31;reute
+d f BC-TEXAS-AIR-&lt;TEX>-UNIT   03-09 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR &lt;TEX> UNIT TO ADD MEXICO FLIGHTS</TITLE>
+<DATELINE>    ATLANTA, March 9 - </DATELINE><BODY>Texas Air Corp's Continental Airlines
+unit said it will begin service to Mexico from Atlanta in May.
+    Continental said it will add non-stop flights to Mexico
+City, Puerto Vallarta, Cancun, Acapulco and Ixtapa.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19851" NEWID="3429">
+<DATE> 9-MAR-1987 18:48:17.11</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0063&#31;reute
+u f BC-/USSR-SEEN-LIKELY-TO   03-09 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR SEEN LIKELY TO HONOR CORN COMMITMENT</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The Soviet Union will likely honor
+its commitment with the United States to buy a minimum of four
+mln tonnes of corn this year, an Agriculture Department
+official said.
+    "They have always honoured the agreement, and there's no
+reason now to think they won't this year," he told Reuters.
+    "They have an aggressive buying campaign from the European
+Community, from Canada, from the U.S. They're active buyers
+from all sources at this point," the official said in
+explaining why the Department raised its Soviet grain imports
+estimate today by three mln tonnes to 26 mln tonnes.
+    This is a dramatic shift from just a few months ago when
+analysts were saying the USSR might not buy any U.S. corn for
+the first time in 15 years.
+    A drawdown of corn supplies in China and Argentina, concern
+over Soviet winter crops, and increasing competition for U.S.
+corn were all cited as possible factors in creating Moscow's
+recent interest.
+    Lower corn production prospects in some major supplying
+countries have stirred activity from big buyers such as Japan,
+and the Soviets are also closely watching the situation, the
+official said.
+    "The Soviets will try to out-capitalize the capitalists"
+and buy corn before prices get too high, the official said. "As
+soon as they need corn, they'll buy it," he added.
+    USDA has confirmed one mln tonnes of corn sold to the
+Soviet Union, but both U.S. and Soviet analysts have said the
+purchases stand at 1.5 mln tonnes.
+    The USDA official would not speculate on when the Soviets
+would enter the U.S. market again.
+    "There has definitely been an evolving mind set -- from the
+situation of slow grain buying a couple months ago to one of
+frenetic buying now," the official said.
+    However, the situation in wheat is "a different story," he
+said. Greater world supplies of wheat, heavier Soviet purchase
+commitments and less competitive U.S. wheat prices make Soviet
+purchases of U.S. wheat less likely, he said.
+    Speculation has continued for several days that the U.S.
+is considering making an export bonus wheat subsidy offer to
+the Soviets, but U.S. officials have provided no confirmation.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19852" NEWID="3430">
+<DATE> 9-MAR-1987 18:59:09.50</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>pickens</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0070&#31;reute
+r f BC-Eds----use-this-one-i   03-09 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PICKENS SEES CONTINUED SLUMP IN WORKING RIGS</TITLE>
+<DATELINE>     DALLAS, March 9 - </DATELINE><BODY>T. Boone Pickens, the Texas oilman and
+financier, said he believes the heady days the oil service
+industry had in the early 1980s, when over 4,500 oil rigs were
+once reported operating, will not return in his lifetime.
+     Pickens told Reuters he expects the rig count to drop to
+below 600 before recovering. He added that oil prices will
+eventually rise to 35 dlrs, then to 50 dlrs after 1990.
+     Currently, some 700 oil rigs are operating in the U.S.,
+down sharply after oil prices slipped from 30 dlrs in late 1985
+to around 10 dlrs in 1986. Prices are now around 18 dlrs. The
+highest number of working rigs was 4,500 in December 1981.
+     "The rigs won't go back to work until the price of oil
+gets above 30 dlrs," he said, adding that while he expects to
+see 50 dlr a barrel oil, he does not expect to see 2,000 rigs
+operating in his lifetime. Pickens is 58.
+     Pickens, who is currently touring the country promoting
+his autobiography "Boone," said he does not believe the U.S.
+should impose an oil import fee in order to stimulate the
+domestic oil industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19853" NEWID="3431">
+<DATE> 9-MAR-1987 19:20:09.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0081&#31;reute
+d f BC-PROPOSED-OFFERINGS   03-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 9 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Angio-Medical Corp - Initial public offering of 1,666,667
+units, each consisting of one share of common stock and one
+redeemable warrant to buy one share of common stock through
+Kean Securities Co Inc.
+    ABM Gold Corp - Initial public offering of six mln shares
+of Class A common stock at an estimated seven to nine dlrs each
+through PaineWebber Inc and Advest Inc.
+    COMFED Mortgage Co Inc - Initial public offering of 2.7 mln
+shares of common stock at an estimated nine to 13 dlrs a share
+through PaineWebber Inc and Bear, Stearns and Co Inc.
+    MTech Corp &lt;MTCH> - Offering of 75 mln dlrs of convertible
+subordinated debentures due March 15, 2012 through a group led
+by Alex. Brown and Sons Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19854" NEWID="3432">
+<DATE> 9-MAR-1987 19:49:34.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0085&#31;reute
+b f BC-AUSTRALIAN-WAGE-RISE   03-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN WAGE RISE SET AT 10 DLRS A WEEK</TITLE>
+<DATELINE>    MELBOURNE, March 10 - </DATELINE><BODY>The Arbitration Commission awarded
+the Australian workforce a flat 10 dlrs a week wage increase
+and allowed trade unions to begin bargaining for a second-tier
+increase of up to four pct, Commission President Justice Barry
+Maddern said here.
+    The decision is effective from the next pay period of
+individual employers, he said in delivering the Commission's
+National Wage Case decision.
+    Full-time adult ordinary time weekly earnings are 453.00
+dlrs a week for males and 428.40 dlrs for all adults, according
+to latest official statistics.
+    The wage decision is the first under the previously
+announced two-tier system which replaced the concept of wage
+indexation. It is the first national wage rise since a
+partially-indexed increase of 2.3 pct was awarded by the
+Commission last July.
+    The decision is a compromise between the Federal
+government's call at the Wage Case hearing for a 10 dlr weekly
+rise plus a three pct second-tier ceiling and the Australian
+Council of Trade Unions' (ACTU) claim of 20 dlrs and up to four
+pct.
+    Employer groups had sought no rise at all.
+    The Commission is willing to convene another Wage Case in
+October to establish if another wage increase of up to 1.5 pct
+should be awarded, Maddern said.
+    He said the success of the new system depended on the
+commitment of all parties - employers, unions and governments.
+    He said the Commission had rejected employers' calls for a
+freeze on overall labour cost increases.
+    "We do not think that such an outcome is feasible, given the
+needs and expectations of wage and salary earners,' he said,
+adding a freeze could have destroyed the possibility of a
+cooperative effort to lift Australia's economic performance.
+    The decision would ensure the effects of the depreciation
+of the Australian dollar and the adverse terms of trade would
+not be reflected in wage increases, Maddern said.
+    If necessary, it would arbitrate second-tier claims at an
+implementation rate of no more than two pct from September this
+year and a further two pct from July 1988, he said.
+    He said labour cost rises would be phased in over the life
+of the package, adding that second-tier rises will be mainly
+achieved by a restructuring and efficiency principle, covering
+elimination of restrictive work practices, improved efficiency
+and productivity and reduction of demarcation disputes.
+    Maddern said the Commission again ruled out claims for a
+cut in weekly working hours below 38 and allowed employers to
+be exempted from wage case decisions on the basis of severe or
+extreme economic adversity.
+    The Commission said the poor economic outlook noted in its
+last decision had persisted, and was perhaps now more serious.
+    "The prevailing uncertainty and lack of confidence in the
+economy which underlines the economic circumstances must be
+allayed to halt further decline and to turn the economy around.
+In this connection, what happens to labour costs is of critical
+importance," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19855" NEWID="3433">
+<DATE> 9-MAR-1987 20:31:06.96</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0100&#31;reute
+b f BC-MIYAZAWA-SAYS-PARIS-A   03-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS PARIS ACCORD HELPING STABILISE RATES</TITLE>
+<DATELINE>    TOKYO, March 10 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said the
+Paris currency accord has contributed to the stability of
+exchange rates.
+    Miyazawa told a press conference the agreement reached last
+month in Paris by six major industrial nations to cooperate in
+bringing about currency stability has prevented speculative
+concerns from being active in money centres.
+    The decision in Paris is being understood by the market, he
+said. The yen-dollar exchange rate has been moving in a narrow
+range since finance ministers of Britain, Canada, France,
+Japan, the U.S. And West Germany reached the accord.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19856" NEWID="3434">
+<DATE> 9-MAR-1987 21:11:47.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>douglas</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0117&#31;reute
+u f BC-NEW-ZEALAND-FOREIGN-D   03-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND FOREIGN DEBT EXPECTED TO KEEP FALLING</TITLE>
+<DATELINE>    WELLINGTON, March 10 - </DATELINE><BODY>New Zealand's total foreign debt
+will continue to decline as major energy projects are
+refinanced, Finance Minister Roger Douglas said.
+    Statistics Department figures show total debt fell to 32.94
+billion N.Z. Dlrs in the December quarter from 33.42 billion in
+September, although the government's share rose to 21.32
+billion from 20.75 billion.
+    Douglas said in a statement this was due to the boosting of
+reserves to refinance so-called "Think Big" projects.
+    "These reserves do not add to New Zealand's total
+indebtedness.... They are money in the bank," he said.
+    "As negotiations to refinance each Think Big project are
+completed, existing loans will be replaced with debt currently
+held in reserves for this purpose," Douglas added.
+    This in turn will result in a drop in quasi-government and
+private debt, he said.
+    He said refinancing of projects allowed the government to
+borrow on more favourable terms and to manage Think Big debts
+more effectively.
+    "Both of these will reduce the cost of Think Big to the
+taxpayer over time," he said. "The refinancing also paves the way
+to deregulation of the oil industry."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19857" NEWID="3435">
+<DATE> 9-MAR-1987 21:14:12.88</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0119&#31;reute
+u f BC-AUSTRALIAN-RESERVE-BA   03-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN RESERVE BANK IN BUYING INTERVENTION</TITLE>
+<DATELINE>    SYDNEY, March 10 - </DATELINE><BODY>The Reserve Bank said at 1230 local time
+it was offering to buy short-dated government securities in the
+short-term money market.
+    The bank's action followed its purchase of short-dated
+government stock and six-day repurchase agreements earlier in
+the session.
+    Money market traders said the move was aimed at easing cash
+market interest rates which had risen on demand for funds to
+meet PAYE tax and treasury note settlement commitments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19858" NEWID="3436">
+<DATE> 9-MAR-1987 21:50:28.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0137&#31;reute
+u f BC-AUSTRALIAN-BUSINESS-C   03-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN BUSINESS CRITICISES NATIONAL WAGE RISE</TITLE>
+<DATELINE>    MELBOURNE, March 10 - </DATELINE><BODY>Business groups criticised the
+Arbitration Commission's national wage case decision announced
+earlier but the Australian Council of Trade Unions (ACTU) gave
+it qualified approval.
+    As earlier reported, the commission awarded a 10 dlr a week
+flat rise plus the opportunity for unions to bargain
+immediately for extra payments of up to four pct based on the
+new two-tier system which replaced wage indexation.
+    "The decision is economically irresponsible and industrially
+naive," said Bryan Noakes, director-general of the Confederation
+of Australian Industry's industrial council.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19524" NEWID="3437">
+<DATE> 9-MAR-1987 21:58:23.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>poland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0140&#31;reute
+u f BC-POLES-SAID-HELD-IN-JA   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLES SAID HELD IN JAPAN ON COMPUTER THEFT CHARGES</TITLE>
+<DATELINE>    TOKYO, March 10 - </DATELINE><BODY>Police arrested two Polish citizens for
+trying to steal Japanese computer technology, local media
+reports said today.
+    The reports said the two had worked at a computer-related
+company in Tokyo and visited Japanese computer makers several
+times after coming to Japan on tourist visas last October.
+    One report said they were computer specialists at a Polish
+technology institute, and that the company they worked for was
+managed by a naturalised Japanese from Poland who was a
+graduate of the institute.
+    Police officials declined to comment on the reports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19525" NEWID="3438">
+<DATE> 9-MAR-1987 23:07:35.01</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>malaysia</D><D>sri-lanka</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0159&#31;reute
+u f BC-RUBBER-LEAF-DISEASE-S   03-09 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUBBER LEAF DISEASE SEEN AFFECTING SUPPLY/PRICES</TITLE>
+<DATELINE>    KUALA LUMPUR, March 10 - </DATELINE><BODY>The leaf disease corenes pora,
+which has affected some rubber trees in Sri Lanka and
+Indonesia, is likely to force a cut in supply and push up
+depressed prices, a Malaysian rubber disease researcher said.
+    Trees with leaves hit by the fungus disease cannot be saved
+and must be felled, Chee Kheng Hoy, Head of the Crop Protection
+and Microbiology Division in the Rubber Research Institute of
+Malaysia (RRIM), told Reuters.
+    He was commenting on a Reuter report which said corenes
+pora had hit seven pct of Sri Lanka's plantations and may cause
+output to drop below its 1987 target of 143,000 tonnes.
+    The report said the Sri Lankan Rubber Research Institute
+may ask estates to remove trees seriously affected by the
+disease and added that most estates affected belong to the
+State Plantations Corp and Janatha Estates Development Board.
+    Chee said corenes pora is an old disease which only affects
+certain rubber clones in Sri Lanka and Indonesia and that
+further use of such clones must be discontinued.
+    Clones not resistant to the disease are the Rubber Research
+Institute of Sri Lanka clone 103, Indonesia's PPN 2058, 2444,
+2447 and PR 265 and Malaysia's RRIM 725, he said.
+    Chee said corenes pora affected trees from the RRIM 725
+clone planted in Malaysia several years ago but had been curbed
+after use of such clones were discontinued.
+    Fungicide may be used to curb the disease, which also
+affects leaves of 30 other species of plants, but experience
+has proven that it is uneconomical and expensive, he added.
+    "The disease is extremely difficult to control. If it is not
+curbed in the two affected countries their rubber output may
+drop and prices can rise," he said.
+    He added that the RRIM was aware of the disease outbreak in
+Sri Lanka and was monitoring the situation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19526" NEWID="3439">
+<DATE> 9-MAR-1987 23:12:23.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0163&#31;reute
+b f BC-JAPAN-AUCTIONS-1,000   03-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN AUCTIONS 1,000 BILLION YEN SHORT-TERM PAPER</TITLE>
+<DATELINE>    TOKYO, March 10 - </DATELINE><BODY>Japan's Finance Ministry auctioned 1,000
+billion yen worth of tankoku, six month debt-financing paper,
+to roll over previously issued tankoku maturing on March 19, a
+spokesman said.
+    The last tankoku auction, on February 12, produced a record
+low yield of 3.383 pct, reflecting expectation of a half point
+cut in Japan's discount rate, he said.
+    In the previous auction for 1,000 billion yen, four major
+Japanese securities houses took 92 pct of the issue amount in
+an attempt to meet strong demand from large institutional
+investors, securities managers said.
+    Securities managers said they expect the auction to go well
+again this time as securities houses will try to expand their
+inventories of tankoku on continuing good response from
+institutional investors.
+    Contrary to a projected low yield on tankoku, short-term
+interest rates have been resisting a fall on growing demand for
+funds ahead of the March 31 financial year-end, they said.
+    The Bank of Japan has been trying to dampen money market
+rates to make the latest discount rate cut effective, but so
+far in vain, dealers said.
+    The auction results will be announced tomorrow.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19527" NEWID="3440">
+<DATE> 9-MAR-1987 23:38:49.90</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0178&#31;reute
+u f BC-SEARCH-FOR-BRITISH-FE   03-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARCH FOR BRITISH FERRY'S TOXIC CARGO CONTINUES</TITLE>
+<DATELINE>    ZEEBRUGGE, Belgium, March 10 - </DATELINE><BODY>The search continued for a
+cargo of poisonous chemical substances loaded on the Herald of
+Free Enterprise Ferry which capsized in Zeebrugge harbour
+Friday.
+    A total of 72 drums of various toxic materials which were
+loaded on trucks in the ship's hold have been recovered, but
+Belgian authorities warned it was essential to recover a
+further 61 containers of a cyanide-based solution.
+    A net has been thrown over the gaping loading doors at the
+front of the ship to prevent any more drums floating out.
+    Salvage workers have moved cranes into place alongside the
+wreck of the 7,951 ton roll-on, roll-off ferry which now lies
+partly submerged on a sandbank outside the harbour.
+    The ferry's owner is &lt;European Ferries Plc>, majority owned
+by Peninsular and Oriental Steam Navigation Co Plc &lt;PORL.L>.
+    The operation to right the vessel began yesterday after
+divers abandoned their search for more bodies. Experts said it
+could take months to refloat the ship and free the 80 bodies
+estimated to be trapped amid debris.
+    "The problem is that in these waters you can normally expect
+one working day out of four," said Daan Kaakebeen of Dutch
+Salvage experts Smit Tak International of Rotterdam. He
+estimated the job itself would require 35 working days.
+    Using reinforced cables, salvage experts intend to raise
+the ship and set it down into a trench dug alongside.
+    Salvage work could pinpoint the exact cause of the loss of
+the ferry, one of three sister vessels plying cross-Channel
+routes from England to continental Europe.
+    Suspicion at present is focused on the ferry's main vehicle
+loading doors, set close to water level.
+    In London, Transport Secretary John Moore told parliament
+yesterday that the ship keeled over after water gushed in
+through the bow doors. He said a major government inquiry into
+the disaster will be held, all similar ferries sailing from
+Britain will be inspected and owners will be asked to fit
+lights to give warning if bow doors are not properly closed.
+    Experts carrying out tank and computer tests to determine
+how the accident occurred will focus attention on the ship's
+doors, its ballast system and crew procedures, he added.
+    Two other investigations into the disaster have also begun,
+one Belgian and one by the ferry's owners.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8354" NEWID="3441">
+<DATE>11-MAR-1987 00:08:58.81</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0109&#31;reute
+u f BC-SOVIET-ECONOMIST-SEES   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET ECONOMIST SEES FEW 1987 GAINS IN U.S. TRADE</TITLE>
+<DATELINE>    NEW YORK, March 10 - </DATELINE><BODY>There is little chance Soviet exports
+to the United States will rise in 1987, but Moscow's current
+trade reforms should result in more trade in manufactured goods
+in future, a Soviet economist said.
+    Sergey Frolov, chief economist at Amtorg Trading Corp, an
+agent for Soviet trade organisations and industries, told a
+U.S.-USSR business meeting the Soviet Union produces few items
+that western nations want.
+    But reforms, including upgrading the quality of goods and
+allowing joint ventures with foreign firms, will encourage
+modest export gains in future.
+    Frolov said the Soviet Union exported 500 mln dlrs worth of
+goods to the United States in 1986 and imported 1.5 billion
+dlrs worth. He gave no trade forecast for 1987.
+    But he said that even if all obstacles were removed, total
+trade between the two countries would remain between two and
+three billion dlrs a year.
+    "The post-detente embargoes have taught the USSR to limit
+its trading with the U.S.," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8355" NEWID="3442">
+<DATE>11-MAR-1987 00:17:33.05</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0114&#31;reute
+u f BC-CHINA-ALLOWS-NATIONWI   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA ALLOWS NATIONWIDE FOREIGN EXCHANGE SAVING</TITLE>
+<DATELINE>    PEKING, March 11 - </DATELINE><BODY>People throughout China can now open
+foreign exchange accounts at the Bank of China, the official
+Shenzhen Economic Zone Daily said.
+    Previously only residents of Guangdong and Fujian provinces
+could do this.
+    The paper also said the minimum for opening a fixed deposit
+account had been cut to 50 yuan equivalent, from 150 yuan. The
+minimum for a current account is 20 yuan equivalent.
+    The paper said depositors could now withdraw all or part of
+their account, subject to a branch's reserves, instead of only
+a fixed amount as previously.
+    The paper said deposits may now be opened in French francs
+as well as the already available U.S. Dollar, Hong Kong dollar,
+sterling, yen and marks.
+    Bank of China branches in Hainan island also accept
+deposits in Singapore dollars, and those in Wenzhou, Zhejiang
+province, accept deposits in Dutch guilders, the paper said.
+    It gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8356" NEWID="3443">
+<DATE>11-MAR-1987 00:20:55.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0116&#31;reute
+u f BC-SINGAPORE-COURT-ADJOU   03-11 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE COURT ADJOURNS BRUNEI BANK JUDGEMENT</TITLE>
+<DATELINE>    SINGAPORE, March 11 - </DATELINE><BODY>The Singapore High Court has
+adjourned summary judgement for the second time on a &lt;National
+Bank of Brunei Bhd> case for loan repayments from Khoo Teck
+Puat and 15 associated companies, court sources said.
+    The case will be heard again on May 4, when a summary
+judgement will decide if the civil case should proceed.
+    Khoo owned most of the bank's equity before it was closed
+in November by the Brunei government after some of its
+officials were charged with mismanagement.
+    The bank, now controlled by Brunei, is seeking repayment of
+about 900 mln Singapore dlrs in loans guaranteed by Khoo.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8357" NEWID="3444">
+<DATE>11-MAR-1987 01:14:10.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0133&#31;reute
+u f BC-FUJITSU-MAY-ASSEMBLE   03-11 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUJITSU MAY ASSEMBLE ITS OWN COMPUTERS IN U.S.</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Fujitsu Ltd &lt;ITSU.T> may assemble
+computers in Oregon for sale in the United States under the
+Fujitsu brand name, a company spokesman said.
+    He said the rising value of the yen against the dollar has
+virtually erased the wage differential between the two
+countries and Fujitsu would like to make the medium-size,
+multi-functional business computers in the United States.
+    The Oregon plant, owned by Fujitsu subsidiary, &lt;Fujitsu
+America Inc>, now makes magnetic computer discs and will soon
+make printers. Fujitsu Ltd also has a licensing agreement to
+make Amdahl Corp &lt;AMH> computers for sale in the U.S.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8358" NEWID="3445">
+<DATE>11-MAR-1987 01:15:49.52</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>rice</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0134&#31;reute
+u f BC-SICHUAN-BRACED-TO-FIG   03-11 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SICHUAN BRACED TO FIGHT DROUGHT</TITLE>
+<DATELINE>    PEKING, March 11 - </DATELINE><BODY>The Sichuan government has ordered that
+any work or meeting which interferes with the fight against
+drought must be cancelled or postponed to save time, energy and
+manpower, the People's Daily domestic edition said.
+    Sichuan is one of six provinces threatened by drought.
+    Wen Wei Po, a Hong Kong daily, said the drought, the worst
+for more than 20 years, is affecting nearly two mln hectares in
+100 counties in Sichuan, the country's biggest agricultural
+producer.
+    Sichuan has experienced temperatures three degrees
+Centigrade higher than normal and rainfall up to 70 pct less
+than normal since early February, affecting wheat, oil-bearing
+crops, rice planting and dryland cash crops, it said.
+    The paper said 43,000 hectares in Meixian county in
+Guangdong are seriously short of water.
+    The People's Daily said Henan, Shaanxi, Gansu and Hebei are
+also suffering from drought.
+    Henan's grain output fell by 2.5 mln tonnes last year from
+the 1985 level because of drought which has been affecting the
+province since May.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8359" NEWID="3446">
+<DATE>11-MAR-1987 01:19:10.66</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0137&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-11 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - JAPAN PUSHES ITS CHIPMAKERS</TITLE>
+<AUTHOR>    By Linda Sieg, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Japanese microchip makers are being
+strong-armed into compliance with a U.S.-Japan pact on
+semiconductors halting predatory pricing and opening Japan's
+market to foreign chips, industry analysts said.
+    But doubts remain over whether the Ministry of
+International Trade and Industry (MITI), which is pressuring
+the firms, can successfully battle market forces and whether
+the U.S. Industry is geared up to take advantage of any
+breathing space, they said.
+    U.S. Threats to scrap the agreement signed last September
+have pushed MITI to try harder to get recalcitrant Japanese
+chipmakers to abide by the pact, the analysts said.
+    "MITI has been moving hot and heavy throughout the industry
+to get things done," said Bache Securities (Japan) associate
+vice president Peter Wolffe.
+    Last month, MITI told chipmakers to cut production for the
+January to March period by 10 pct to help dry up inexpensive
+chips that have escaped from Japan to grey markets not subject
+to the pact's price controls.
+    The ministry also asked electronics firms to provide
+distributors with certificates designating them as authorised
+exporters, in an effort to close loopholes through which grey
+marketeers sneak chips out of Japan, market analysts said.
+    U.S. Trade negotiators here last week said the pact was in
+jeopardy because of continued dumping in non-American markets
+and little sign of increased foreign sales in Japan.
+    But major Japanese firms appear to have agreed to the
+production cuts, several analysts said. Last week, NEC Corp
+said it would cut production in line with MITI's request.
+    "NEC has been the most aggressive in resisting MITI's
+demands," said David Keller, analyst at James Capel and Co. "Once
+NEC cuts production, it means they all have."
+    Still, pressures remain to keep production high. Japanese
+firms need high output to cut unit prices for U.S. Sales that
+the Commerce Department assigns them under the pact.
+    "The best way to lower cost is to produce more," said Salomon
+Brothers Asia Ltd analyst Carole Ryavec.
+    Preparations for a possible upturn in demand could also
+spur higher production next quarter, Merrill Lynch analyst Matt
+Aizawa said.
+    Grey marketeers may also be able to outfox any new
+restrictions, some industry officials said.
+    "It's like tax avoidance schemes," said Steve Donovan, head
+of MMI Japan K.K. "As soon as you close one route, another
+opens."
+    MITI's pressure has annoyed some makers, who had earlier
+shrugged off MITI guidance.
+    "It's getting to be like communism," said one.
+    But analysts said output cuts could help by making it
+easier to increase prices as planned on April 1 and forcing
+firms to stop extending market share by selling at a loss.
+    "They're going to have to start running their businesses
+like businesses," Bache's Wolffe said.
+    MITI has also been conducting a highly public campaign
+urging chip users to buy foreign-made chips, but U.S. Industry
+officials said response has been mixed at best.
+    "There has been some change, but it's not across the board,"
+said one U.S. Spokesman. "The companies have a varying degree of
+urgency."
+    The ultimate impact of all these efforts by MITI on the
+troubled U.S. Industry remains in doubt, analysts added.
+    Pressure to cut production of 256 kilobit DRAM (dynamic
+random access memory) chips could merely speed the transition
+to one megabit chips, where Japan now leads, analysts said.
+    Whether U.S. Firms are able to stage a comeback in memory
+chips, or interested in doing so, also remains unclear, they
+said.
+    Analysts are watching with interest the fate of a new U.S.
+Consortium which hopes to challenge Japan by developing the
+most advanced technology for microchip manufacturing.
+    Even in the thorny area of access, much depends on U.S.
+Commitment as well as on Japanese openness, some said.
+    "The SIA (U.S. Semiconductor Industry Association) doesn't
+even have an office here," a source close to the industry said.
+"You could question just how committed they are."
+    In addition, some industry analysts question the
+effectiveness of a bilateral agreement that leaves out third
+country chipmakers such as those in South Korea.
+    "(South) Korea's gaining market share," said one analyst.
+"They're the real winners from the agreement."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8360" NEWID="3447">
+<DATE>11-MAR-1987 01:28:20.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0149&#31;reute
+b f BC-JAPAN-TANKOKU-YIELDS   03-11 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TANKOKU YIELDS HIT RECORD LOW AT AUCTION</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>The Finance Ministry said its auction
+yesterday of 1,000 billion yen of tankoku, six-month debt
+financing paper, produced a record low average yield of 3.246
+pct on aggressive bidding from securities houses.
+    The tankoku mature on September 21, 1987.
+    The previous record low was 3.383 pct at the last auction,
+on February 12.
+    One of four major Japanese securities house bought 39.5 pct
+of the total 1,021.1 billion yen in bids accepted, ministry
+sources said.
+    Securities houses bid aggressively as big retail accounts,
+such as tokkin, special money trust and trust funds have been
+showing strong interest in tankoku on increasing demand for
+short-term fund management, securities house managers said.
+    The yield for tankoku, issued on a discount basis, is one
+point below the 4.26/12 pct interest rates for six-month
+certificates of deposit today.
+    In the previous auction for 1,000 billion yen, the four
+majors took 92 pct of the issue to increase their tankoku
+inventory, the managers said.
+    Bids totalled 1,975.8 billion yen.
+    The average price was 98.36 to give a yield of 3.246 pct
+and lowest was 98.33, giving 3.314 pct, the Ministry said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8361" NEWID="3448">
+<DATE>11-MAR-1987 01:41:01.96</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0152&#31;reute
+f f BC-Sumita-says-little-ro   03-11 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Sumita says little room for Bank of Japan to further ease credit policy
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8362" NEWID="3449">
+<DATE>11-MAR-1987 01:53:01.91</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0159&#31;reute
+b f BC-SUMITA-SAYS-LITTLE-RO   03-11 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITA SAYS LITTLE ROOM FOR BANK TO EASE POLICY</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita
+said there is little room left for the central bank to further
+ease its credit policy as interest rates levels are now
+approaching their lower limit.
+    "The government should instead seek ways of making the best
+use of its fiscal policy," he told a press conference.
+    His remarks were concerned with a comprehensive economic
+stimulative package the government plans to adopt in the coming
+days.
+    At the recent talks among the six major industrialised
+nations in Paris, Japan promised to work out a comprehensive
+economic package to boost domestic demand, which in turn would
+help increase its imports and reduce its trade surplus.
+    Sumita also said the economy will show a gradual upturn in
+the second half of the year if the yen remains stable.
+    He said there is caution in the foreign exchange market
+against a further rise of the yen and mark and this explains
+the recent stability in the currency markets. Conflicting
+economic indicators from the U.S. Have also been dampening
+market activity, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8363" NEWID="3450">
+<DATE>11-MAR-1987 02:30:25.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0181&#31;reute
+u f BC-IRAN-CLAIMS-3,000-IRA   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN CLAIMS 3,000 IRAQI CASUALTIES IN FIGHTING</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>An Iranian military commander said Iraqi
+troops suffered 3,000 casualties in a week-old offensive by
+Iran's forces in the mountains of northeast Iraq.
+    The Iranian news agency IRNA quoted the commander in the
+Kurdish border village of Haj Omran as saying nine Iraqi
+counter-attacks had been repulsed with heavy casualties.
+    He said Iraq lost at least 3,000 men killed or wounded and
+another 289 captured, IRNA, monitored by the British
+Broadcasting Corp, said.
+    Iran's offensive into Iraqi Kurdistan is coupled with
+support for anti-Iraqi Kurdish rebel operations in the region.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8364" NEWID="3451">
+<DATE>11-MAR-1987 02:35:34.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>hawke</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0184&#31;reute
+u f BC-HAWKE-POPULARITY-RISE   03-11 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKE POPULARITY RISES DESPITE ECONOMIC PROBLEMS</TITLE>
+<DATELINE>    SYDNEY, March 11 - </DATELINE><BODY>Prime Minister Bob Hawke is more popular
+than ever despite Australia's economic problems, according to
+opinion poll results released today.
+    His popularity rating went up to 64 pct compared to 19 pct
+for opposition leader John Howard, according to Morgan Gallup
+Poll results published by The Bulletin magazine.
+    The poll of more than 1,000 voters throughout Australia
+also showed support for Hawke's Labour Party running at 47 pct
+against 44 pct for the Liberal-National opposition.
+    Labour support was unchanged from last month but the
+opposition fell one pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8365" NEWID="3452">
+<DATE>11-MAR-1987 02:57:38.82</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uae</D><D>iran</D></PLACES>
+<PEOPLE><D>aqazadeh</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0199&#31;reute
+u f BC-IRANIAN-OIL-MINISTER   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRANIAN OIL MINISTER IN UAE TALKS</TITLE>
+<DATELINE>    ABU DHABI, March 11 - </DATELINE><BODY>Iranian Oil Minister Gholamreza
+Aqazadeh is in the United Arab Emirates (UAE) to discuss oil
+prices and the general market situation, Iranian officials
+accompanying him said.
+    He will meet UAE President Sheikh Zaid bin Sultan
+al-Nahayan and Oil Minister Mana Said al-Oteiba.
+    Aqazadeh arrived last night after a brief stopover in
+Riyadh, where he met Saudi Arabia's Oil Minister Hisham Nazir.
+    The official Saudi Press Agency quoted him as saying his
+talks at Riyadh with Nazir had been constructive and good.
+    Aqazadeh said Organisation of Petroleum Exporting Countries
+(OPEC) members were agreed on holding production stable and he
+reiterated the importance of maintaining oil prices.
+    OPEC members agreed in December to limit production to 15.8
+mln barrels per day for the first half of this year and on a
+benchmark price of 18 dlrs a barrel from February 1.
+    Aqazadeh also visted OPEC members Gabon, Algeria and Libya.
+The Iranian news agency, IRNA, quoted him as saying before
+leaving Tripoli that OPEC should do everything possible to make
+oil prices permanently stable.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8366" NEWID="3453">
+<DATE>11-MAR-1987 02:59:25.36</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>japan</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0201&#31;reute
+u f BC-JAPAN-MAY-INCREASE-IT   03-11 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MAY INCREASE ITS BRAZILIAN SOYBEAN PURCHASES</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Japanese crushers are likely to buy at
+least 200,000 tonnes of Brazilian soybeans this year and
+another 100,000 to 200,000 if quality and shipping conditions
+are good against 128,089 tonnes in 1986, trade sources said.
+    A Japanese trading house recently bought about 31,000
+tonnes of soybeans for April 10/May 10 shipment, they said.
+    "Because Brazilian soybean prices are now some 10 cents a
+bushel cheaper than U.S. Origin due to the bumper harvest, it
+is highly likely that Japanese crushers will increase their
+buying volume," one source said. Brazilian beans are available
+to Japan for shipment from May to July.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8367" NEWID="3454">
+<DATE>11-MAR-1987 03:03:44.24</DATE>
+<TOPICS><D>zinc</D><D>lead</D><D>copper</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C
+&#22;&#22;&#1;f0206&#31;reute
+u f BC-AUSTRALIAN-METAL-TRAD   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN METAL TRADER LINKS TO ASTURIANA DE ZINC</TITLE>
+<DATELINE>    BRISBANE, March 11 - </DATELINE><BODY>&lt;Metal Traders Australasia Ltd> said a
+newly-formed subsidiary, the &lt;Austmet Ltd> group, has
+negotiated an exclusive long-term contract with Spain's
+&lt;Asturiana de Zinc> to market its zinc metal exports.
+    Metal Traders said in a statement the contract would
+underpin the worldwide zinc, copper and lead trading activities
+of Austmet, a wholly-owned London-based company with a U.S.
+Unit in Stamford, Connecticut.
+    Austmet has recruited a group of base metal traders,
+currently operating out of Britain and the U.S., Who have
+handled Asturiana's business for the past five years, it said.
+    Asturiana has a three-year option to purchase 25 pct of the
+Austmet group, to be priced on an independent valuation at the
+time of exercise, Metal Traders said.
+    Austmet will have an initial equity base of one mln stg, a
+turnover of 200 mln Australian dlrs rising to 300 mln in the
+first year, and credit lines of up to 30 mln U.S. Dlrs.
+    Austmet should be generating profits from July 1 and a
+1.5-2.5 mln dlr net is envisaged within two years, it said.
+    Metal Traders said Asturiana has the largest zinc smelting
+capacity in Europe -- nearly 200,000 tonnes a year of 99.995
+pct high-grade zinc, at Aviles in northern Spain.
+    Metal Traders, a listed company, was formerly &lt;Pyrotech
+Resources N.L.> whose chief activity was the development and
+marketing of high-technology smelting processes invented in
+Australia, notably the Siromelt Zinc Fuming Process.
+    But in late 1986, control of the company changed and it
+expanded by acquisition into metal trading in Australia and
+Asia. It then changed its name.
+    It also has the marketing contract for mineral sands
+produced by &lt;TiO2 Corp N.L.>, of which it holds 17.5 pct.
+    In today's statement, Metal Traders also said it is
+reviewing possible acquisition of a mineral producer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8368" NEWID="3455">
+<DATE>11-MAR-1987 03:10:16.08</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>king-fahd</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0216&#31;reute
+u f BC-SAUDI-ARABIA'S-KING-F   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA'S KING FAHD WANTS STABLE OIL PRICES</TITLE>
+<AUTHOR>    By STEPHEN JUKES AND PHILIP SHEHADI, REUTERS</AUTHOR>
+<DATELINE>    RIYADH, March 11 - </DATELINE><BODY>King Fahd said today Saudi Arabia wants
+oil price stability and he called on non-OPEC producers to
+avoid harmful competition with the 13 nation group.
+    His plea, in an interview with Reuters and the television
+news agency Visnews, came ahead of a state visit he will make
+to Britain later this month.
+    King Fahd was asked whether Saudi Arabia would be prepared
+to reduce its oil output below its OPEC quota of 4.133 mln
+barrels per day (bpd) to defend the 18 dlr benchmark price
+agreed to by OPEC last December.
+    The King replied: "Saudi Arabia doesn't decide prices by
+itself but certainly desires price stability."
+    Non-OPEC countries "must help us in a framework of common
+interest so that there is no type of competition which could
+prove harmful to everyone," he said.
+    Asked if he saw the 18 dlr per barrel benchmark as a first
+step towards higher world oil prices, King Fahd said it was not
+for Saudi Arabia but for all OPEC countries to determine such
+issues. Iran and Algeria have already called for a higher
+benchmark.
+    In recent weeks the 18 dlr level has come under pressure,
+due partly to quota violations by some OPEC members. King Fahd
+said Saudi Arabia, the world's largest oil exporter, was
+adhering to decisions made at OPEC's December conference which
+set a 15.8 mln bpd output ceiling for the first half of 1987.
+    A major non-OPEC producer, Britain has so far resisted the
+group's pleas to curb its North Sea oil output.
+    The King also urged the world community to help the
+Palestinians return to their homeland and called for a peaceful
+end to the Iran-Iraq war. The 6-1/2-year-old war could not be
+resolved on the battlefield, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8369" NEWID="3456">
+<DATE>11-MAR-1987 03:24:49.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0241&#31;reute
+u f BC-HILLSDOWN-HOLDINGS-PL   03-11 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HILLSDOWN HOLDINGS PLC &lt;HLDN.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 11 -
+    </DATELINE><BODY>Shr 16.3p vs 12.2p
+    Div 2.75p vs 2.25p making 3.8p vs 3.15p adjusted for
+    Three-for-one capitalisation
+    Pre-tax profit 54.9 mln stg vs 33.4 mln
+    Turnover 1.70 billion vs 1.13 billion
+    Tax 7.6 mln vs 2.6 mlnProfit attributable 51.9 mln vs 30.1   
+ Mln
+    Cost of Sales 1.49 billion vs 999.3 mln
+    Gross profit 215.9 mln vs 136.2 mln
+    Distribution costs 90.3 mln vs 57.2 mln
+    Adminstrative expenses 65.9 mln vs 40.8 mln
+    Other operating income 3.9 mln vs nil
+    Interest payable 8.7 mln vs 4.8 mln
+    Minority interests 1.0 mln vs 0.7 mln
+    Extraordinary credit (sale of share in S and W Berisford
+Plc) 5.6 mln vs nil
+    Operating profit includes -
+    Poultry, eggs and animal feed 21.7 mln vs 17.2 mln
+    Food processing and distribution 15.4 mln vs 6.9 mln
+    Furniture and timber distribution 8.4 mln vs 3.4 mln
+    Fresh meat and bacon 8.0 mln vs 4.5 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8370" NEWID="3457">
+<DATE>11-MAR-1987 03:27:46.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0245&#31;reute
+u f BC-NISSAN-TO-BOOST-LOCAL   03-11 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN TO BOOST LOCAL CONTENT IN U.K. CARS</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>&lt;Nissan Motor Manufacturing (UK) Ltd> has
+reached agreement with &lt;Lombard North Central Plc> of the U.K.
+To build plants and boost the local content in Nissan's U.K.
+Produced cars to 60 pct in 1988 from 40 to 50 pct, the Nissan
+Motor Co Ltd &lt;NSAN.T> said.
+    The agreement will allow the cars to be designated as
+domestically manufactured rather than imported vehicles, Nissan
+said. The agreement was reached through negotiations with the
+British government and the European Community (EC) after they
+threatened to impose duties on imports.
+    According to the 230 mln stg contract, Lombard North
+Central, an affiliate of National Westminster Bank Plc
+&lt;NWBL.L>, will build and lease plants for engine assembly, body
+panel pressing and resin moulding by 1988. They will be near
+the existing Nissan plant in Sunderland in north-east England,
+Nissan said. The Sunderland plant currently produces 24,000
+Bluebird cars annually for the British market.
+    Nissan hopes to begin U.K. Exports to Europe in 1991 after
+building an engine machining plant which would boost output to
+100,000 units a year and local content to above 80 pct, in
+accordance with EC requests, the spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8371" NEWID="3458">
+<DATE>11-MAR-1987 03:29:49.12</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0249&#31;reute
+u f BC-JAPAN-CRUSHERS-START   03-11 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CRUSHERS START APRIL U.S. SOYBEAN BUYING</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Japanese crushers, starting to buy U.S.
+Soybeans for April shipment, have recently made purchases of
+some 48,000 tonnes, trade sources said.
+    The sources said they could not estimate the total volume
+to be purchased for April shipping because Japan's crushing
+program for April and June is unclear.
+    They had predicted earlier that crushers' April shipment
+U.S. Bean purchases would drop to 260,000 to 270,000 from the
+monthly average of 300,000 to 330,000 tonnes due to low soybean
+meal prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8372" NEWID="3459">
+<DATE>11-MAR-1987 03:31:15.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0251&#31;reute
+u f BC-KAUFHOF-CONSIDERING-T   03-11 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAUFHOF CONSIDERING TAKING STAKE IN HAPAG-LLOYD</TITLE>
+<DATELINE>    COLOGNE, March 11 - </DATELINE><BODY>West German retail group Kaufhof AG
+&lt;KFHG.F> is considering taking a stake in shipping and
+transport group Hapag-Lloyd AG &lt;HPLG.F> but has yet to reach a
+final decision, a spokesman said in response to queries.
+    Press reports said Kaufhof wanted a stake of up to 12.5 pct
+in Hapag-Lloyd.
+    The Kaufhof spokesman noted any decision on purchasing
+shares in the shipping group would have to be approved by the
+supervisory board, which is due to hold a meeting tomorrow.
+    Late last year the Gevaert group of Belgium and West
+Germany's VEBA AG &lt;VEBG.F> said they had each acquired a 12.5
+pct stake in Hapag-Lloyd from Deutsche Bank AG &lt;DBKG.F> and
+Dresdner Bank AG &lt;DRSD.F>.
+     Industry sources estimate Deutsche and Dresdner,
+Hapag-Lloyd's majority shareholders, held about 75 pct of
+Hapag-Lloyd's share capital before selling portions of it to
+Gevaert and VEBA.
+    The two banks have said they eventually wanted to reduce
+their stake in the shipping group to 15 pct each.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8373" NEWID="3460">
+<DATE>11-MAR-1987 03:32:51.51</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>japan</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0255&#31;reute
+u f BC-JAPAN-AND-THAILAND-TO   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN AND THAILAND TO JOINTLY EXTRACT RARE METALS</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Japan's Agency of Natural Resources and
+Energy said it will begin experiments with Thailand at the end
+of March to start commercial production of rare metals in 1989
+under a joint project.
+    An agency official said it will set up a 500 mln yen pilot
+plant in Bangkok which will extract high quality rare metals
+such as titanium and niobium from sand left over from tin
+production processes in Thailand.
+    The plant wilq use about a tonne of sand per day, although
+it is unclear how much rare metal will be extracted, the
+official said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8374" NEWID="3461">
+<DATE>11-MAR-1987 03:37:49.84</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0263&#31;reute
+u f BC-HUNGARY-TO-DEVALUE-FO   03-11 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNGARY TO DEVALUE FORINT AGAINST WESTERN UNITS</TITLE>
+<DATELINE>    BUDAPEST, March 11 - </DATELINE><BODY>Hungary is to devalue the forint by an
+average of eight pct against Western currencies, the official
+news agency MTI said.
+    MTI did not say when the devaluation would become
+effective, but it expected new rates to be announced later
+today.
+    Hungary devalued the forint by a similar amount last
+September 23. Western bankers say the forint is more
+realistically valued than currencies of Hungary's COMECON
+allies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8375" NEWID="3462">
+<DATE>11-MAR-1987 03:50:39.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0280&#31;reute
+b f BC-PREUSSAG-AG-&lt;PRSG.F>   03-11 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREUSSAG AG &lt;PRSG.F> YEAR 1986</TITLE>
+<DATELINE>    HANOVER, West Germany, March 11 -
+    </DATELINE><BODY>Domestic group turnover 4.48 billion marks vs 4.29 billion.
+    Turnover comprised -
+    Coal a rounded 1.14 billion vs 1.22 billion
+    Metal 851.0 mln vs 1.14 billion
+    Transport 435.3 mln vs 534.4 mln
+    Oil and chemicals 479.7 mln vs 831.7 mln
+    Plant construction 625.7 mln vs 568.8 mln
+    Miscellaneous 3.3 mln vs 2.2 mln
+    Turnover from majority stake in C. Deilmann AG,
+consolidated for first time, 951.8 mln marks vs nil
+    Domestic group fixed asset investment 392.6 mln marks vs
+291.2 mln.
+    Investment total includes 76.3 mln marks in investment at
+C. Deilmann AG.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8376" NEWID="3463">
+<DATE>11-MAR-1987 03:57:55.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0287&#31;reute
+u f BC-HILLSDOWN-SAYS-EARLY   03-11 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HILLSDOWN SAYS EARLY 1987 RESULTS ENCOURAGING</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Hillsdown Holdings Plc &lt;HLDN.L> said
+early results for 1987 were encouraging, and the combination of
+its investment and acquisition strategies enabled it to look
+forward confidently for an excellent result for the year.
+    The company was commenting on 1986 results which showed
+pre-tax profit rising to 54.9 mln stg from 33.4 mln previously
+on turnover that lifted to 1.70 billion from 1.13 billion.
+    The figures initially boosted the share price to 286p from
+281p last night, but they then eased back to 283p by 0830 GMT.
+    Hillsdown said capital expenditure rose in 1986 to 60 mln
+stg from 31.5 mln and would continue at this high level in
+1987.
+    The placing of 82.5 mln shares last year raised 160.7 mln
+stg and enabled shareholders' funds to more than double to 352
+mln at year-end.
+    Net borrowings were 20 pct of shareholder's funds and the
+group had listed investments of 47.1 mln.
+    The company said it had bought a total of 40 companies
+during the year for a total price of some 180 mln stg. Although
+these had made minor contribution to profits the real benefits
+would come in 1988 and beyond.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8377" NEWID="3464">
+<DATE>11-MAR-1987 03:59:57.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0290&#31;reute
+u f BC-IRAQ-SAYS-IT-CRUSHED   03-11 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IT CRUSHED IRANIAN ATTACK IN NORTH</TITLE>
+<DATELINE>    BAGHDAD, March 11 - </DATELINE><BODY>Iraq said today its forces had crushed
+an Iranian attack on a strategic mountain peak in a rugged and
+snow-clad area of Iraqi Kurdistan.
+    The official Iraqi news agency INA said the attack was
+repelled yesterday by the Fifth Army Corps' 96th Brigade on
+"Karda Ku" peak, overlooking the northern post of Haj Omran and
+340 kms north of Baghdad.
+    INA said hundreds of Iranians were killed and large
+quantities of armour and weapons were left behind. It did not
+give Iraqi casualties.
+    The Iranian news agency IRNA said yesterday that Iraqi
+troops had suffered 3,000 casualties in Iran's week-old
+offensive in northeast Iraq.
+    Iran attacked across snow-capped peaks of northeastern Iraq
+last week in an area which saw heavy fighting in mid-1983.
+    The thrust followed fierce battles near Basra, Iraq's
+second city on the southern front of the 6-1/2-year-old
+conflict, after an Iranian cross-border offensive launched on
+January 9.
+    The political department head at Iraq's Defence Ministry,
+Abdul Jabbar Muhsen, said on Monday fighting was continuing in
+the north but that Iran had exaggerated battle reports.
+    He said Tehran had done this "to make up for failure in the
+south and to encourage anti-Baghdad Kurdish rebels to support
+its troops."
+    Tehran has supported anti-Baghdad Kurdish guerrillas in
+operations against government positions and installations in
+northern Iraq.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8378" NEWID="3465">
+<DATE>11-MAR-1987 04:05:28.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0301&#31;reute
+f f BC-U.K.-one-billion-stg   03-11 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> U.K. One billion stg tranche of 8-3/4 pct Treasury bonds due 1997 exhausted - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8379" NEWID="3466">
+<DATE>11-MAR-1987 04:08:42.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0303&#31;reute
+u f BC-NIPPON-OIL-SEES-SHARP   03-11 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON OIL SEES SHARPLY LOWER SALES AND PROFITS</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Nippon Oil Co Ltd &lt;NPOL.T> predicted
+parent company net profit of about nine billion yen in the year
+ending March 31, down 10.4 pct from a year earlier, president
+Yasuoki Takeuchi told a press conference.
+    Current profit for the year was estimated at 17 to 18
+billion yen, down 20 to 24 pct from a year earlier, he said.
+    Takeuchi said sales are expected to fall 40 pct to 1,700
+billion yen for the fifth consecutive year-on-year drop. This
+year's fall was due to lower selling prices for end-users,
+which more than offset the yen's appreciation. The company will
+retain six yen dividend for 1986/87.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8380" NEWID="3467">
+<DATE>11-MAR-1987 04:10:06.86</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0307&#31;reute
+u f BC-TAIWAN-TO-TENDER-FOR   03-11 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN TO TENDER FOR 27,000 TONNES U.S. SOYBEANS</TITLE>
+<DATELINE>    TAIPEI, March 11 - </DATELINE><BODY>The joint committee of Taiwan's soybean
+importers will tender March 12 for a 27,000 tonne cargo of U.S.
+Soybeans for March 20 to April 5 delivery, a committee
+spokesman told Reuters.
+    Taiwan's soybean imports in calendar 1987 are provisionally
+set at 1.81 mln tonnes compared with a revised 1.74 mln tonnes
+imported last year.
+    The 1.74 mln tonne figure was revised from 1.76 mln tonnes.
+    Taiwan imports all its soybeans from the United States.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8381" NEWID="3468">
+<DATE>11-MAR-1987 04:11:11.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0308&#31;reute
+u f BC-BEJAM-GROUP-PLC-&lt;BJAM   03-11 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEJAM GROUP PLC &lt;BJAM.L> 27 WEEKS TO JANUARY 3</TITLE>
+<DATELINE>    LONDON, March 11 -
+    </DATELINE><BODY>Shr 5.95p vs 4.41p
+    Div 2.25p vs 2.0p
+    Pre-tax profit 11.6 mln vs 9.1 mln
+    Tax 4.2 mln vs 3.6 mln
+    Turnover 256.3 mln vs 185.3 mln
+    Note - company said it was unlikely second-half profits
+will show same rate of increase as first. But it had great
+confidence in prospects for future growth.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8382" NEWID="3469">
+<DATE>11-MAR-1987 04:15:45.39</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C
+&#22;&#22;&#1;f0312&#31;reute
+u f BC-NIPPON-STEEL,-INLAND   03-11 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON STEEL, INLAND DISCUSSING U.S. JOINT VENTURE</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Nippon Steel Corp &lt;NSTC.T> and &lt;Inland
+Steel Co> of the U.S. Are negotiating to set up a joint steel
+venture in Indiana, a Nippon Steel spokesman said, declining to
+give more details.
+    Several local newspapers reported the joint venture would
+be capitalised at 150 mln dlrs, owned 60 pct by Inland and 40
+pct by Nippon Steel, and have annual production capacity of one
+mln tonnes of steel to supply car makers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8383" NEWID="3470">
+<DATE>11-MAR-1987 04:15:55.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0313&#31;reute
+b f BC-U.K.-ONE-BILLION-STG   03-11 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. ONE BILLION STG BOND TRANCHE EXHAUSTED</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>A one billion stg tranche of 8-3/4 pct
+Treasury Loan stock due 1997 was exhausted in very early
+trading on the U.K. Government bond market only minutes after
+becoming available for trading, dealers said.
+    The Bank of England said the issue, announced on Monday and
+available for official dealings from this morning, was no
+longer operating as a tap. The striking price was a partly paid
+41 stg pct, at which price bids were allotted 53.8 pct.
+    Dealers noted that strong demand had been detected for the
+bonds yesterday afternoon and interest was further stimulated
+by sterling's surge at the opening this morning.
+    The issue was announced on Monday, when it was widely seen
+as a move by the authorities to brake market optimism for a
+further U.K. Interest rate reduction following the half-point
+cut in clearing bank base lending rates to 10.5 pct earlier in
+the day.
+    Dealers said that the Bank's strategy succeeded in stemming
+pressure for a further rate reduction only briefly, as the
+market yesterday recovered all the ground it lost on Monday
+immediately after the announcement.
+    Demand for the issue was lively from U.K. And overseas
+sources, with particular interest seen from Japan.
+    The bonds were issued at a price of 96-16/32 stg pct,
+partly paid as to 40 stg pct on application, although the
+Government broker this morning sold them at a premium of one
+stg pct over the partly paid issue price.
+    The issue has been designated the "B" tranche of the bonds,
+since 1.3 billion stg of 8-3/4 pct Treasury Loan stock due 1997
+is already in issue.
+    Dealers noted that the Bank of England last week issued one
+billion stg of nine pct Exchequer bonds due 2002 in an effort
+to dampen enthusiasm for an interest rate reduction caused by
+sterling's uptrend on foreign exchange markets.
+    Last week's issue was sold out on its first day of dealings
+but with nothing resembling the determined demand seen this
+morning for the new tranche of bonds, dealers said.
+    After stifling pressure for a rate cut last week, the
+authorities finally sanctioned a base rate reduction on Monday,
+following it up with the announcement of the one billion stg
+bond issue.
+    Sterling was briefly depressed by the rate cut but this
+morning opened very strongly again, starting on a
+trade-weighted basis at 72.6 against yesterday's final 72.1 and
+later edging up to 72.7.
+    U.K. Money market rates declined again this morning by up
+to 1/8 point, strongly reinforcing yesterday's speculation that
+clearing bank base lending rates could drop into single figures
+after the budget next Tuesday, money market dealers said.
+    U.K. Government bond dealers noted that under the influence
+of stronger sterling and the further fall in money market
+rates, prices this morning had opened as much as 3/4 point
+higher at the longer end of the market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8384" NEWID="3471">
+<DATE>11-MAR-1987 04:16:59.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0314&#31;reute
+u f BC-SUMITOMO-LAUNCHES-200   03-11 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITOMO LAUNCHES 200 MLN SWISS FRANC CONVERTIBLE</TITLE>
+<DATELINE>    ZURICH, March 11 - </DATELINE><BODY>Sumitomo Corporation is launching 200
+mln Swiss francs of convertible notes due September 30, 1992
+with a coupon indication of 5/8 pct, lead manager Swiss Bank
+Corp said.
+    The issue carries a put option after three years at 103
+pct.
+    Terms will be fixed on March 19 and payment date is March
+30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8385" NEWID="3472">
+<DATE>11-MAR-1987 04:34:34.37</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0330&#31;reute
+u f BC-JAPAN'S-JOBLESS-SEEN   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S JOBLESS SEEN RISING TO 3.3 PCT IN 1987/88</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>The yen's rise against the dollar is
+expected to boost Japan's unemployment rate to an average 3.3
+pct in the 1987/88 fiscal year beginning April 1 from January's
+record three pct, the private Nomura Research Institute said.
+    The official 1987/88 estimate is 2.9 pct.
+    The research arm of Nomura Securities Co forecast
+unemployment would exceed two mln by mid-fiscal 1987, against
+an estimated 1.75 mln for the current year.
+    Nomura urged the government to take pump-priming measures
+to help redress trade imbalances and boost employment.
+    Employment in manufacturing during fiscal 1987/88 was
+predicted to fall 550,000 from the current year due to higher
+job losses in the steel, shipbuilding and heavy electrical
+machinery sectors, Nomura said.
+    Employment in the non-manufacturing sector will continue to
+increase, the institute said, without giving figures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8386" NEWID="3473">
+<DATE>11-MAR-1987 04:37:29.93</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0338&#31;reute
+u f BC-WORK-AT-CHITTAGONG-PO   03-11 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORK AT CHITTAGONG PORT HALTED BY STRIKE</TITLE>
+<DATELINE>    CHITTAGONG, Bangladesh, March 11 - </DATELINE><BODY>Cargo handling remains
+halted at Bangladesh's Chittagong port since nearly 7,000
+workers walked out on Monday following a pay dispute, the Port
+Workers Association said today.
+    Fourteen ships are stranded at the port.
+    Port officials said they would meet Association leaders
+today to try to resolve the dispute.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8387" NEWID="3474">
+<DATE>11-MAR-1987 04:38:05.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0340&#31;reute
+r f BC-CREDITANSTALT-BANKVER   03-11 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDITANSTALT-BANKVEREIN &lt;CABV.V> YEAR 1986</TITLE>
+<DATELINE>    VIENNA, March 11 -
+    </DATELINE><BODY>Cons banking gp net profit 496.7 mln schillings vs 354.5
+mln
+    Cons banking gp balance sheet total at year-end 453.4
+    Billion schillings vs 425.4 billion
+    Parent bank net profit 370.6 mln vs 253.0 mln
+    Parent bank balance sheet total 372.5 billion vs 348.2
+    Billion
+    Parent bank dividend 12 pct vs 10 pct
+    Parent bank div payout 363.0 mln schillings vs 247.5 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8388" NEWID="3475">
+<DATE>11-MAR-1987 04:40:06.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0343&#31;reute
+b f BC-NORSK-HYDRO-ISSUES-50   03-11 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORSK HYDRO ISSUES 50 MLN STG BONDS</TITLE>
+<DATELINE>    London, March 11 - </DATELINE><BODY>Norsk Hydro A/S &lt;NHY.O> is issuing 50
+mln stg bonds due April 15, 1993 carrying a 9-7/8 pct coupon
+and priced at 101-5/8, said Hambros Bank Ltd as lead manager.
+    Norsk Hydro is 51 pct owned by the Kingdom of Norway. The
+bonds, which are available in denominations of 1,000 and 10,000
+stg will be listed on the London Stock Exchange.
+    Payment date is April 15. Fees consist of a 1-1/4 pct
+selling concession and 5/8 pct combined management and
+underwriting.
+ REUITER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8389" NEWID="3476">
+<DATE>11-MAR-1987 04:42:17.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0348&#31;reute
+f f BC-Ultramar-1986-net-los   03-11 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Ultramar 1986 net loss 62.1 mln stg vs 71.6 mln profit
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8390" NEWID="3477">
+<DATE>11-MAR-1987 04:44:08.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0352&#31;reute
+u f BC-TESCO-ASSOCIATE-BUYS   03-11 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TESCO ASSOCIATE BUYS 4.2 PCT OF HILLARDS</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Tesco Plc &lt;TSCO.L> said that &lt;County
+Ltd> had yesterday bought on its behalf 2.06 mln shares, or
+around 4.2 pct, in &lt;Hillards Plc> for between 302p and 310p a
+share.
+    Tesco yesterday launched a 151.4 mln stg bid for the north
+of England supermarket chain, which Hillards promptly rejected.
+    Hillards shares were last quoted at 324p, compared with
+last night's close of 313p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8391" NEWID="3478">
+<DATE>11-MAR-1987 04:46:41.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0356&#31;reute
+u f BC-TOKYO-TO-ISSUE-100-ML   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO TO ISSUE 100 MLN DLR BOND IN NEW YORK</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>The Tokyo Metropolitan Government said it
+would float a 100 mln dlr 10-year bond with a 7.5 pct coupon in
+New York, its first Yankee bond issue in 21 years.
+    The bond will be priced at 99.515 to yield 7.585 pct.
+    The issue will be immediately swapped into Swiss francs,
+putting actual interest rates at around four pct, a Tokyo
+government spokeswoman said.
+    The lead manager is First Boston Corp and the co-leaders
+are Goldman Sachs and Co and Merrill Lynch Capital Markets, she
+said.
+    The funds will be used for sewerage and reclamation work.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8392" NEWID="3479">
+<DATE>11-MAR-1987 04:52:01.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0365&#31;reute
+u f BC-DAEWOO-UNIT-RAISES-45   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAEWOO UNIT RAISES 45 MLN DLR LOAN</TITLE>
+<DATELINE>    HONG KONG, March 11 - </DATELINE><BODY>&lt;Daewoo Industrial Co Ltd> of South
+Korea will sign a 45 mln U.S. Dlr loan tomorrow through its
+Hong Kong unit, lead manager Banque Nationale de Paris said.
+    The three-year loan, which will carry interest at 1/2
+percentage point over London interbank offered rate, will be
+borrowed under the name of &lt;Daewoo Industrial Co (H.K.) Ltd>.
+    The loan will be used mainly to finance repayment of the
+the company's other borrowings.
+    The other lead managers are Arab Banking Corp, Bank of
+Tokyo Ltd and KEB (Asia) Finance Ltd.
+    There are 24 managers and five participants.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8393" NEWID="3480">
+<DATE>11-MAR-1987 04:52:11.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0366&#31;reute
+u f BC-ULTRAMAR-PLC-&lt;UMAR.L>   03-11 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ULTRAMAR PLC &lt;UMAR.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 11 -
+    </DATELINE><BODY>Shr 8.1p loss vs 26.3p earnings
+    Div 3.25p making 5.25p vs 10.5p
+    Net loss 62.1 mln stg vs 71.6 mln profit
+    Operating profit before tax 73.6 mln vs 273.8 mln
+    Turnover 1.47 billion vs 1.74 billion
+    Cost of sales 1.22 billion vs 1.39 billion
+    Gross profit 241.8 mln vs 357.6 mln
+    Distribution costs and administrative expenses 152.2 mln vs
+    123.1 mln
+    Share of profits in associates 17.1 mln vs 68.2 mln
+    Other operating income 15.8 mln vs 16.9 mln
+    Financing charges 48.9 mln vs 45.8 mln
+    Tax 63.9 mln vs 169.7 mln
+    Exceptional items 4.9 mln debit vs 5.5 mln debit
+    Net results of discontinued operations 15.6 mln debit vs
+    20.9 mln debit
+    Loss on ordinary activities before minority interest 10.8
+    Mln vs 77.7 mln profit
+    Minority interest 11.3 mln vs 6.1 mln
+    Extraordinary debits 40.0 mln vs nil
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8394" NEWID="3481">
+<DATE>11-MAR-1987 04:57:46.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0374&#31;reute
+f f BC-GKN-1986-pretax-profi   03-11 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GKN 1986 pretax profit 132.4 mln stg vs 132.7 mln
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8395" NEWID="3482">
+<DATE>11-MAR-1987 05:00:47.78</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0380&#31;reute
+b f BC-U.K.-MONEY-MARKET-SHO   03-11 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SHORTAGE FORECAST AT 300 MLN STG</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>The Bank of England said it forecast a
+liquidity shortage of around 300 mln stg in the market today.
+    Among the main factors, the Bank said bills maturing in
+official hands and the treasury bill take-up would drain 483
+mln stg from the system while below target bankers' balances
+and a rise in the note circulation would take out 50 mln and
+100 mln stg respectively.
+    Partially offsetting these, exchequer transactions would
+add around 355 mln stg, the Bank added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8396" NEWID="3483">
+<DATE>11-MAR-1987 05:01:27.48</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0381&#31;reute
+u f BC-BELGIAN-CENTRAL-BANK   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN CENTRAL BANK BUYS CURRENCY TO REPAY DEBT</TITLE>
+<DATELINE>    BRUSSELS, March 11 - </DATELINE><BODY>The Belgian National Bank bought
+foreign currencies against francs on the open market in the
+week ended March 9, a Bank spokesman said.
+    In line with central bank policy he declined to give any
+details of the amount bought.
+    The foreign currency purchased was used by the Treasury to
+repay foreign debt and did not affect the Bank's foreign
+exchange reserves. They slipped 394 mln francs to 37.33
+billion, mostly due to sales of dollars for Special Drawing
+Rights, the spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8397" NEWID="3484">
+<DATE>11-MAR-1987 05:02:52.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0383&#31;reute
+u f BC-JAPAN-}O-CURB-VEHICLE   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN }O CURB VEHICLE EXPORTS TO EC</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Japanese car makers will curb their
+exports to the European Community (EC) following an unofficial
+directive from the Ministry of International Trade and Industry
+(MITI), automobile industry sources said.
+    Some sources said exports to the EC this year are likely to
+be at most unchanged from last year's 1.10 mln units and may
+even fall due to an anticipated slackening of EC economic
+growth and increasing trade friction.
+    Last week, MITI vice minister for international affairs
+Makoto Kuroda said the ministry had asked car makers to
+exercise prudence in exporting to Europe.
+    Japanese car makers boosted exports to the EC in January to
+build up depleted vehicle inventories, industry sources said.
+    Japan's vehicle exports to Europe in January rose 38 pct
+from a year earlier to 174,133 units.
+    In December, exports fell 70.4 pct year-on-year as makers
+curbed shipments to meet an earlier directive from MITI to
+limit 1986 exports, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8398" NEWID="3485">
+<DATE>11-MAR-1987 05:09:57.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0397&#31;reute
+u f BC-WORLD-BANK-LOANS-TO-C   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LOANS TO CHINA SEEN DOUBLING</TITLE>
+<DATELINE>    PEKING, March 11 - </DATELINE><BODY>Lending by the World Bank and its soft
+loan arm, the International Development Agency (IDA), to China
+is expected to almost double to about two billion dlrs by
+1989/90 from the levels of 1984 to 1986, foreign bankers told
+Reuters.
+    They said approved lending in 1986/87 (July-June) is
+expected to total 1.4 billion dlrs, of which 550 mln will come
+from the IDA and 850 mln from the World Bank.
+    World Bank figures show approved lending to China by the
+two bodies amounted to 1.137 billion in 1985/86, 1.102 billion
+in 1984/85 and 1.04 billion in 1983/84.
+    The bankers said that 1.2 billion dlrs had been disbursed
+by the end of 1986 and China's disbursement record compares
+very favourably with that of other countries.
+    They said Japan has so far been the main source of
+bilateral concessional assistance for China, followed by West
+Germany, Canada, Italy, Australia and Britain.
+    But China will probably find that such funds will not
+increase, except for those from Japan and the World Bank, given
+other claims, particularly from sub-Saharan African countries
+which cannot raise commercial credits, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8399" NEWID="3486">
+<DATE>11-MAR-1987 05:12:44.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0401&#31;reute
+b f BC-GKN-PLC-&lt;GKNL.L>-1986   03-11 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GKN PLC &lt;GKNL.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 11 -
+    </DATELINE><BODY>Shr 28.5p vs 26.6p.
+    Final div 8p, making 13p vs 12p.
+    Pre-tax profit 132.4 mln stg vs 132.7 mln.
+    Net profit befire minorities  81.0 mln vs 74.4 mln.
+    Sales 2.06 billion stg vs 2.20 billion.
+    Extraordinary debit 36.5 mln vs 20.4 mln.
+    Trading surplus after depreciation 145.7 mln stg vs 158.1
+    Mln
+    Investment and interest income 5.4 mln vs 3.8 mln
+    Interest payable 42.5 mln vs 43.9 mln
+    Profits from related companies, less losses, 23.8 mln vs
+    14.7 mln
+    Tax 51.4 mln vs 58.3 mln
+    Profit attributable to outside shareholders' interests 12.6
+    Mln vs 11.2 mln
+    Note - Extraordinary debit included charge for
+restructuring auto parts distribution in France and loss of 10
+mln stg on sale of steel stock business.
+    Trading surplus comprised -
+    Automotive components and products 101 mln stg vs 105 mln
+    Industrial services and supplies 30 mln vs 21 mln
+    Wholesale and industrial distribution 11 mln vs 22 mln
+    Steels and forgings four mln vs 10 mln
+    By region, Britain contributed 34 mln stg vs 47 mln
+    Continental Europe 77 mln vs 56 mln
+    U.S.A. 28 mln vs 51 mln
+    Rest of world seven mln vs four mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8400" NEWID="3487">
+<DATE>11-MAR-1987 05:16:06.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0403&#31;reute
+b f BC-GENENTECH-SETS-100-ML   03-11 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENENTECH SETS 100 MLN DLRS OF CONVERTIBLE BONDS</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Genetech Inc &lt;GENE.O> is issuing a 100
+mln dlr convertible bond due March 30, 2002 with an indicated
+coupon of five to 5-1/2 pct and an issue price of par, Credit
+Suisse First Boston (CSFB) said as lead manager.
+    Genentech's stock closed at 58-5/8 on the New York Stock
+Exchange last night. CSFB said final terms, to be set around
+March 12, anticipate a conversion premium of 20 to 25 pct.
+    The securities will be available in bearer or registered
+form in denominations of 5,000 dlrs each.
+    The deal is callable immediately at 106 for the first three
+years, declining by one pct per year each year thereafter.
+     However, if the stock price rises to more than 130 pct of
+the conversion level, the issue will be callable immediately,
+CSFB said. PaineWebber is co-lead manager.
+    Fees consist of a 1-1/2 pct selling concession and a one
+pct combined management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8401" NEWID="3488">
+<DATE>11-MAR-1987 05:18:45.97</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0406&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - CHINA'S FOREIGN DEBT UP</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    PEKING, March 11 - </DATELINE><BODY>China's foreign debt reached 27 billion
+dlrs by the end of 1986, but despite an over-exposure to
+short-term credits and yen borrowing, China remains very
+creditworthy with an improved 1987 export outlook, foreign
+bankers and Chinese officials told Reuters.
+    Foreign bankers said China's total debt rose sharply from
+an estimated 20 billion dlrs at end-1985 to cover increased
+import commitments but the debt/equity ratio remains low,
+between eight and 10 pct.
+    China remains a cautious and popular borrower, they said.
+    Zhang Haoruo, vice minister of Foreign Economic Relations
+and Trade, said last Friday that China signed foreign loan
+agreements for 6.94 billion dlrs last year, 96.6 pct up on
+1985, with actual loans amounting to 4.83 billion, up 93 pct.
+    Officials said China would borrow 25 to 30 billion dlrs in
+the 1986-90 five year plan period, but foreign bankers said
+they estimate foreign loans at 30 to 40 billion.
+    A Western banker said China's portfolio contains too much
+short-term debt and too much of it is denominated in yen as a
+result of aggressive lending by Japanese banks and attractive
+low interest rates in the Japanese market.
+    The strong yen appreciation has cost China dearly and is
+likely to make it reduce new yen borrowings, the banker said.
+    A Chinese trade official estimated the yen component of the
+country's total debt at about 30 pct.
+    The Peking representative of a Japanese securities house
+said the rapid yen rise had caught China and his firm unawares.
+    "Interest rates in Japan are at a historical low, but China,
+which will remain an active borrower this year, is likely to go
+elsewhere for capital, to get a better currency spread," he
+said.
+    The Western banker said the excess of short-term loans is
+in part a result of China's inexperience in the foreign capital
+markets, which it entered only in the early 1980s.
+    "Officials do not think of China but of their own department
+or firm. Some loans that were entered into did not have the
+full backing of the People's Republic of China," he said.
+    "The dilemma for China, in foreign borrowing as in other
+areas, is to balance central control with giving reasonable
+autonomy to firms. It is searching for the mechanisms to
+exercise indirect controls," he said.
+    The banker said officials have stressed repeatedly over the
+past six weeks that China's foreign borrowing will not be
+affected by a drive against "bourgeois liberalism," a phrase
+meaning Western political ideas, following the dismissal of
+Communist Party chief Hu Yaobang on January 16.
+    A U.S. Banker said there is no evidence that China's
+foreign exchange reserves have fallen below the officially
+stated figure of 10 billion dlrs.
+    "The Bank of China is both a buyer and a seller in the
+market, which would know quickly if it was buying heavily in
+advance of an announcement the reserves were down," he said.
+    The banker said such buying has not been going on. "Things
+are normal. Trade deficits such as China had last year and in
+1985 are normal for a country at its stage of development."
+    Customs figures show China had a trade deficit of 11.9
+billion dlrs in 1986, down from 14 billion in 1985.
+    A Ministry of Foreign Economic Relations and Trade official
+said this year's outlook for exports, which account for more
+than 75 pct of foreign exchange earnings, is much healthier
+than a year ago.
+    The renminbi has matched the U.S. Dollar fall, he said. It
+was quoted at 3.72 today, little changed from 3.7 a year ago.
+    The official said China has taken measures to improve its
+export performance, including incentive offers to exporters and
+the establishment of export production bases.
+    "We expect higher prices for our oil exports this year," he
+added.
+    Official estimates put China's 1986 export losses from the
+drop in world oil prices at three billion dlrs.
+    A Western diplomat said China's foreign debt needs careful
+management but its debt service ratio remains very low at six
+to eight pct.
+    "We base our assessment not on China's foreign exchange
+reserves but on its export performance, just as you assess a
+company on its performance, not its bank account," he said.
+    He said China performed very well in the export field last
+year and remains a very creditworthy country which will have
+few difficulties in increasing its borrowing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8402" NEWID="3489">
+<DATE>11-MAR-1987 05:21:52.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0417&#31;reute
+u f BC-U.S.-BANKS-TO-GET-APP   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANKS TO GET APPROVAL FOR SECURITIES BUSINESS</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>U.S. Commercial banks are expected to
+receive Finance Ministry approval in late April to operate
+securities subsidiaries in Japan, U.S. Bank officials said.
+    A senior official at one of four prospective banks said the
+ministry told his bank it would give approval as long as the
+parent firm holds no more than 50 pct of the capital.
+    "We expect the ministry to give us permission by the end of
+April," he said.
+    &lt;J.P. Morgan and Co>, Bankers Trust New York Corp &lt;BT.N>,
+Manufacturers Hanover Corp &lt;MHC.N> and Chemical New York Corp
+&lt;FNBF.N> have asked for securities business licenses.
+    Ministry officials declined to say when they would give
+formal approval, but said they were working on the issue.
+    Approval would pave the way for U.S. Commercial banks to
+underwrite and trade equities in Japan under their own names.
+    Citicorp &lt;CCI.N> and Chase Manhattan Corp &lt;CMB.N> have
+already entered the Japanese securities market by acquiring
+U.K. Securities houses already operating in Japan. Citicorp
+took over &lt;Vickers de Costa Ltd> and Chase bought &lt;Laurie
+Milbank and Co>.
+    Bankers did not know if all the banks would get licenses,
+but said J.P. Morgan probably would as it was first to ask.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8403" NEWID="3490">
+<DATE>11-MAR-1987 05:25:23.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0426&#31;reute
+u f BC-ULTRAMAR-SAYS-FOURTH   03-11 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ULTRAMAR SAYS FOURTH QUARTER SHOWED IMPROVEMENTS</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Ultramar Plc &lt;UMAR.L> said that while
+its fourth 1986 quarter had improved from the operational point
+of view, several special charges adversely affected results.
+    Overall the year had not been a good one, with upstream
+operations dramatically hit by the fall in crude oil prices and
+downstream operations also affected in the first half by large
+losses on inventories.
+    But margins improved in the second half and in particular
+refining and marketing in Eastern Canada showed a good
+recovery.
+    The company was commenting on results that showed a net
+loss for the year of 62.1 mln stg after a 71.6 mln profit in
+1985.
+    The fourth quarter charges included a 20.8 mln stg
+provision on a retroactive price agreement recently initialled
+by Pertamina and Japanese buyers of the company's liquid
+natural gas and 4.7 mln for the early months of its ownership
+of Gulf Canada's marketing assets.
+    Ultramar said it had also included the estimated cost of a
+further reorganisation programme, which was partly offset by a
+withdrawal of surplus funds from U.S. Pension schemes, and a
+13.5 mln stg provision for the estimated cost of selling its
+U.S. Flag shipping operation.
+    The immediate outlook for crude oil prices was uncertain
+although it was unlikely there would be any sizeable increase
+in the near term. However, Ultramar said it was optimistic
+prices would strengthen over the longer term.
+    Its substantial reserves of crude oil and natural gas put
+it in a good position to benefit from any price recovery.
+    In the meantime, Ultramar's objectives were to improve
+profitability by selling or restructuring weak operations while
+strengthening core businesses and developing a sound
+operational and financial base.
+    Proven, probable and possible reserves at end-1986 totalled
+about 700 mln barrels net on an oil-equivalent basis.
+    Ultramar shares firmed on the announcement to 187p from
+181p at last night's close.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8404" NEWID="3491">
+<DATE>11-MAR-1987 05:27:43.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>murdoch</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0431&#31;reute
+u f BC-QUEENSLAND-PRESS-BOAR   03-11 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEENSLAND PRESS BOARD RECOMMENDS MURDOCH OFFER</TITLE>
+<DATELINE>    BRISBANE, March 11 - </DATELINE><BODY>The &lt;Queensland Press Ltd> (QPL) board
+said it unanimously recommended the one billion dlr takeover
+bid by &lt;Cruden Investments Pty Ltd>, a family company of News
+Corp Ltd &lt;NCPA.S> chief executive Rupert Murdoch.
+    The 23 dlrs a share cash-only offer is nearly double the
+market price before News announced its now-completed bid for
+The Herald and Weekly Times Ltd &lt;HWTA.S> in early December and
+no other offer is likely, it said in a statement.
+    Independent adviser, &lt;Wardley Australia Ltd>, had also
+concluded the offer was fair and reasonable, it added.
+    QPL is already owned 48.3 pct by HWT.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8405" NEWID="3492">
+<DATE>11-MAR-1987 05:30:20.95</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0437&#31;reute
+b f BC-EC-COMMISSION-DECLINE   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION DECLINES COMMENT ON SUGAR OFFER</TITLE>
+<DATELINE>    BRUSSELS, March 11 - </DATELINE><BODY>The European Community (EC) Commission
+declined to give an official reaction to reports that a group
+of european operators plan to offer one mln tonnes of sugar
+into intervention in protest at Commission export policies.
+    However, a spokesman for the Commission confirmed the
+offers had been made to intervention agencies in various member
+states, and said it would now take up to three weeks for the
+agencies concerned to complete all necessary documentation.
+    The spokesman said that under current regulations, the EC
+would have to accept all the offers if there were no technical
+problems.
+    The spokesman said the Commission would only have to
+reimburse the member state for the cost of buying-in the sugar
+after the product was sold out of intervention stores at a
+later date.
+    He said that at present there was virtually no sugar held
+in intervention stores.
+    Last year, 45,000 tonnes were sold into intervention and
+during the 1984-85 campaign 108,000 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8406" NEWID="3493">
+<DATE>11-MAR-1987 05:34:34.99</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0442&#31;reute
+u f BC-INDONESIAN-BANKS-RAIS   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN BANKS RAISE INTEREST RATES</TITLE>
+<AUTHOR>    By Bill Tarrant, Reuters</AUTHOR>
+<DATELINE>    JAKARTA, March 11 - </DATELINE><BODY>A tight money market has pushed
+interest rates on three to six month time deposits to between
+15 and 18 pct from 13 to 15 pct a month ago, bankers said.
+    March is usually a tight month for the money market because
+of tax payments and banks' need to attract funds for their
+year-end accounts on March 31.
+    This year the situation has been made worse by December's
+rush to buy dollars by companies and businessmen who feared
+imposition of exchange controls. Much of that outflow has yet
+to be converted back into rupiah.
+    "A lot of small money has come back in, but the big money is
+holding out until after April," one U.S. Banker said.
+    The tight money policy of Bank Indonesia, the central bank,
+is helping to keep rates high.
+    Short-term lending rates now average 25 pct a year, with no
+prospect they will be lowered soon, the bankers said.
+    Central Bank governor Arifin Siregar said earlier this week
+that Indonesia could look forward to better economic prospects
+in 1987/88, but added the "speculators" who led a run on the
+rupiah late last year could again pose problems.
+    Indonesia holds general elections on April 23, the first in
+five years, and most businessmen expect no new government
+economic packages or incentives before then.
+    "Some people are nervous about what the government will do
+after the election," one banker said. "They normally try to do
+things before the IGGI (Inter-Governmental Group on Indonesia)
+meeting (in June) to prove they are doing something about the
+economy to show they deserve a couple of billion dollars."
+    The IGGI, which groups 14 industrialised donor countries
+and four agencies, gave Indonesia 2.5 billion dlrs in soft
+loans and grants last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8407" NEWID="3494">
+<DATE>11-MAR-1987 05:37:29.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0451&#31;reute
+b f BC-NEWS-INTERNATIONAL-IS   03-11 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWS INTERNATIONAL ISSUES 100 MLN DLRS IN BONDS</TITLE>
+<DATELINE>    London, March 11 - </DATELINE><BODY>News International &lt;NWSL.L> Plc is
+issuing 100 mln dlrs of senior unsubordinated notes due April
+10, 1990 carrying a coupon of 7-1/2 pct and priced at par, said
+Credit Suisse First Boston as lead manager.
+   The notes, which are non-callable, are available in
+denomnations of 1,000 and 5,000 dlrs. Payment date is April 10.
+   They are guaranteed by News Corp Ltd.
+    Fees consist of a 7/8 pct selling concession and 1/2 pct
+combined management and underwriting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8408" NEWID="3495">
+<DATE>11-MAR-1987 05:41:01.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0458&#31;reute
+b f BC-BANK-OF-NOVA-SCOTIA-I   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NOVA SCOTIA ISSUES NEW ZEALAND DLR BOND</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>The Bank of Nova Scotia, Nassau branch,
+is issuing a 50 mln New Zealand dlr eurobond due April 14, 1989
+carrying a 18-1/4 pct coupon and priced at 101 pct, lead
+manager Morgan Stanley International said.
+    The issue, which will take the form of deposit notes, will
+be co-lead by Dominion Securities and Wood Gundy Inc.
+    The bond is available in denominations of 1,000 and 10,000
+dlrs and payment date is April 14.
+    Fees comprise 3/4 pct selling concession and 1/2 pct for
+management and underwriting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8409" NEWID="3496">
+<DATE>11-MAR-1987 05:42:04.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0459&#31;reute
+u f BC-POLLY-PECK-&lt;PPKL.L>-R   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLLY PECK &lt;PPKL.L> RAISES 20.3 MLN STG</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>&lt;Polly Peck International Plc> said it
+has agreed to place 10 mln new ordinary shares at 203p each
+with a group of institutional investors.
+    Polly Peck said it proposes to use the 20.3 mln stg raised
+by the share placing to further the development and expansion
+of its European marketing base and to hasten the development of
+its agricultural sourcing network in the Southern Hemisphere.
+    The company added that this investment will assist the
+group's agricultural division in realising its aim of catering
+for an increasingly diverse range of worldwide markets on a
+round the year basis.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8410" NEWID="3497">
+<DATE>11-MAR-1987 05:42:39.38</DATE>
+<TOPICS><D>earn</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0461&#31;reute
+u f BC-HIGHVELD-(HGVJ.J)-SEE   03-11 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGHVELD (HGVJ.J) SEES LOWER 1987 EARNINGS</TITLE>
+<DATELINE>    JOHANNESBURG, March 11 - </DATELINE><BODY>Highveld Steel and Vanadium Corp
+Ltd said it expects 1987 earnings will be lower than last
+year's previously reported 85 cts a share.
+    But profits "will be at a satisfactory level," the company
+said in the annual report without giving a specific estimate.
+    Highveld said it expects appreciation of the rand will be
+offset to some extent by increasing U.S. Dollar prices for its
+exports as the year progresses.
+    Highveld said measures taken last year by the European
+Economic Community and the United States prohibiting all South
+African steel products "presents a challenge to management to
+place the steel in other areas."
+    The company said overall world vanadium consumption in 1987
+is expected to be similar to last year although China's role is
+still an unknown factor in the total supply-demand situation.
+    "World vanadium production capacity is still believed to be
+adequate to cater for any foreseeable demand," it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8411" NEWID="3498">
+<DATE>11-MAR-1987 05:43:24.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0463&#31;reute
+u f BC-SOUTH-KOREA-TO-ISSUE   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA TO ISSUE EXCHANGE EQUALISATION BONDS</TITLE>
+<DATELINE>    SEOUL, March 11 - </DATELINE><BODY>The South Korean government will float
+150 billion won in exchange equalisation bonds this month,
+Ministry of Finance officials said.
+    The Bank of Korea will issue the bonds, to be launched with
+an annual interest rate of 11 pct, a bank official said.
+    The float, the first of its kind, is a response to the
+nation's increasing current account surplus, and is designed to
+limit the growth in M-2 money supply to 18 pct, he said.
+    South Korea's M-2 supply in February totalled 33,992
+billion won, 18.89 pct up on the year-earlier figure.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8412" NEWID="3499">
+<DATE>11-MAR-1987 05:52:11.70</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0478&#31;reute
+u f BC-SAUDI-ARABIA-BUYS-5,0   03-11 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA BUYS 5,000 TONNES RBD PALM OLEIN</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Saudi Arabia bought 5,000 tonnes of
+refined bleached deodorised palm olein at its import tender
+yesterday for April 16/25 shipment at 353 dlrs per tonne cost
+and freight Jeddah, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8413" NEWID="3500">
+<DATE>11-MAR-1987 05:59:32.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0483&#31;reute
+u f BC-INVESTORS-IN-INDUSTRY   03-11 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS IN INDUSTRY ISSUES FRENCH FRANC BOND</TITLE>
+<DATELINE>    PARIS, March 11 - </DATELINE><BODY>Investors in Industry International BV is
+issuing a 500 mln franc bond with warrants guaranteed by
+Investors in Industry Plc, lead manager Credit Commercial de
+France said. Listing will be in London. The issue has a coupon
+of 9-1/8 pct, matures on April 7, 1994 and is priced at 101
+pct.
+    Fees total 1-7/8 pct, with 1-1/4 for selling and 5/8 for
+management and underwriting. There is a call at par from the
+end of the third year. Each 10,000-franc bond has one 275 franc
+warrant giving the right in the first three years to exchange
+the host bond for a similar non-callable 9-1/8 pct 1994 bond,
+or in years four-seven to buy a 9-1/8 pct 1994 non-callable
+bond.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8414" NEWID="3501">
+<DATE>11-MAR-1987 05:59:42.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0484&#31;reute
+u f BC-BANK-OF-THAILAND-FLOA   03-11 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF THAILAND FLOATS NEW GOVERNMENT BOND</TITLE>
+<DATELINE>    BANGKOK, March 11 - </DATELINE><BODY>The Bank of Thailand said it has
+floated 500 mln baht of new five-year loan bonds for public
+sale.
+    The bonds will yield 7.25 pct net after tax with interest
+compounded semi-annually.
+    The aggregate five-year yield will amount to 42.77 pct of
+the principal on maturity.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8415" NEWID="3502">
+<DATE>11-MAR-1987 06:01:48.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0485&#31;reute
+r f BC-NAKASONE-SET-TO-STAY   03-11 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE SET TO STAY UNTIL TAX REFORM APPROVED</TITLE>
+<AUTHOR>    By Yuko Nakamikado, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone will
+step down only after his plan to overhaul Japan's tax system
+gets parliamentary approval, one of his closest aides said
+today.
+    The aide, who declined to be identified, said at a private
+meeting, "Nakasone's power in office does not necessarily
+terminate at the end of his term in October. It depends on when
+(the) seven tax reform bills get parliamentary approval."
+    Nakasone vowed yesterday to press on with his plan despite
+Sunday's unexpected Upper House by-election defeat of the
+ruling Liberal Democratic Party (LDP) in a conservative
+stronghold.
+    The socialist winner, backed by other opposition parties,
+had campaigned against a controversial five pct value added
+sales tax, the main plank of the reform plans.
+    The aide dismissed the possibility of any amendment of the
+sales tax on the grounds the opposition parties were demanding
+nothing but retraction of the tax.
+    They have been refusing to discuss a draft budget for the
+1987 fiscal year starting on April 1, which includes the tax
+plans. They have been resorting to an on-off boycott of
+parliament since February 4.
+   "If I were Nakasone, I would close the current regular
+parliamentary session on May 27 as scheduled, attend the Venice
+summit of industrial democracies in June and open an
+extraordinary session to discuss the tax plans," the aide said.
+    Under law, a regular session can be extended only once
+while an extraordinary session can be extended twice.The other
+option would be to extend the current session, he said.
+    "The opposition parties will surely present a no-confidence
+motion against the Nakasone Cabinet at one stage or another."
+    One scenario then will be to reject the motion opening up
+the way for tax reform.
+   "Another scenario is the resignation of the Nakasone Cabinet
+en masse. A third scenario is a dissolution of the Lower House
+for a snap general election," the aide said.
+    That is only possible if the 200 opposition members resign
+from the 512-seat Lower House, necessitating by-elections.
+    The LDP now has 304 seats in the Lower House after its
+landslide victory in general elections last July.
+    There are five independents and three vacancies.
+    "The LDP which will put up candidates will certainly inflate
+their seats, but at the expense of fierce media criticism," the
+aide said.
+    He said he expected the proposed sales tax to have little
+effect on local elections to be held on April 12 and 26.
+    About 2,600 elections will be held in all but three of the
+nation's 47 prefectures including 13 gubernatorial elections.
+    "Candidates running in prefectural assemblies will all
+oppose the sales tax irrespective of their party tickets.
+    "Possible effects, if any, will be on gubernatorial
+elections in Japan's northernmost island of Hokkaido and
+Fukuoka in southern Japan," he said.
+    The two posts are now held by opposition socialists.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8416" NEWID="3503">
+<DATE>11-MAR-1987 06:05:50.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0494&#31;reute
+b f BC-CREDIT-FONCIER-DE-FRA   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT FONCIER DE FRANCE ISSUES 150 MLN ECU BOND</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Credit Foncier de France is issuing a
+150 mln ECU eurobond due April 14, 1994 at 7-5/8 pct and priced
+at 101-5/8 pct, lead manager Banque Paribas Capital Markets
+said.
+    The issue is guaranteed by France and will have a 50 mln
+ecu tap exercisable for six months.
+    The bond will be available in denominations of 1,000 and
+10,000 ECUs and will be listed in Luxembourg.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct
+management and underwtriting combined. Payment date is April
+14.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8417" NEWID="3504">
+<DATE>11-MAR-1987 06:10:19.31</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0501&#31;reute
+f f BC-Belgium-cuts-discount   03-11 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Belgium cuts discount rate to 8.0 pct from 8.50 - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8418" NEWID="3505">
+<DATE>11-MAR-1987 06:16:57.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0514&#31;reute
+u f BC-PREUSSAG-SAYS-PAYMENT   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREUSSAG SAYS PAYMENT OF A 1986 DIVIDEND NOT CERTAIN</TITLE>
+<DATELINE>    HANOVER, West Germany, March 11 - </DATELINE><BODY>A spokesman for Preussag
+AG &lt;PRSG.F> said it was not yet certain whether the company
+would pay a dividend on 1986 results
+    He was commenting on a Preussag statement which said
+results in 1986 were lower than in 1985. Preussag has
+frequently said its results came under further pressure in 1986
+following a difficult year in 1985.
+    Managing board chairman Guenther Sassmannshausen said in
+December the board would prefer to stick to its policy of not
+dipping into reserves to pay dividends. The spokesman noted the
+final dividend decision rests with the supervisory board.
+    The Preussag statement said results fell in 1986 compared
+with 1985 because declines in earnings in metals, oil and
+shipping were not entirely compensated by positive trends in
+the group's other divisions.
+    The spokesman said it was not clear whether the domestic
+group would show a net profit in 1986, adding this would depend
+partly on the level of provisions.
+    Preussag cut its 1985 dividend to eight marks from nine
+marks on 1984 results after parent company net profit dropped
+to 65.0 mln marks from 103.0 mln the year before.
+    The Preussag world group made a net loss of 13.1 mln marks
+in 1985 after a net profit of 154.5 mln the year before.
+Domestic group net profit fell to 77.9 mln from 122.2 mln.
+    The statement said its results in 1986 were affected by
+unsatisfactory selling prices for metals and oil as well as by
+poor use of capacity in the supply ship sector.
+    The reduction in natural gas prices in the fourth quarter
+of 1986 to reflect earlier falls in oil prices was an
+additional factor behind the drop in results.
+    Preussag said rationalization measures already introduced
+would not begin to take full effect until this year.
+    Preussag's domestic group turnover rose to 4.48 billion
+marks in 1986 from 4.29 billion in 1985, helped by the first
+time consolidation of 951.8 mln marks of turnover from its
+majority-owned oil and gas subsidiary C. Deilmann AG.
+    Domestic group turnover in the 1986 fourth quarter alone
+was 1.1 billion marks, it said without giving comparison
+figures.
+    Preussag said its domestic crude oil production fell 4.0
+pct to 94,400 tonnes in 1986, while foreign oil production rose
+to 182,900 tonnes from 174,500 tonnes.
+    Preussag said its Amalgamated Metal Corporation Plc (AMC)
+subsidiary, whose results are included in the world group
+accounts, made an unspecified profit in the fourth quarter of
+last year.
+    AMC's large losses in 1985, caused principally by the
+international tin crisis, were the reason behind the world
+group losses that year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8419" NEWID="3506">
+<DATE>11-MAR-1987 06:28:14.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0524&#31;reute
+r f BC-DUTCH-CAR-IMPORTS-RIS   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH CAR IMPORTS RISE 27.5 PCT IN 1986</TITLE>
+<DATELINE>    AMSTERDAM, March 11 - </DATELINE><BODY>Dutch car imports rose 27.5 pct in
+1986 to 610,500 units in 1986, reflecting a 41.8 pct growth in
+Japanese imports, the association for the Dutch vehicle
+industry reported.
+    Dutch imports of Japanese cars rose 41.8 pct last year to
+143,880 units, compared with a 37.4 pct rise in imports from
+other EC countries to 437,500 units, the association said,
+quoting unpublished Central Bureau of Statistics figures.
+    The figure excludes Dutch imports of vehicles for final
+destination outside the Netherlands.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8420" NEWID="3507">
+<DATE>11-MAR-1987 06:30:39.65</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0528&#31;reute
+u f BC-OIL-FIRMS-CUT-1987-IN   03-11 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OIL FIRMS CUT 1987 INDONESIAN EXPLORATION SPENDING</TITLE>
+<DATELINE>    JAKARTA, March 11 - </DATELINE><BODY>Foreign oil companies will spend less
+on exploration in Indonesia this year than last, budgeting 2.7
+billion dlrs for calendar 1987 against 1986 spending of 2.8
+billion dlrs, the state oil company Pertamina said.
+    Actual spending last year fell short of the budgeted figure
+of 3.2 billion dlrs, as oil companies slashed expenditure
+because of the crash in world oil prices.
+    Jumardi Jukardi, head of Pertamina's coordinating board for
+foreign contractors, said foreign companies will drill 110
+exploration wells and 431 development wells this year, against
+108 and 330 last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8421" NEWID="3508">
+<DATE>11-MAR-1987 06:32:47.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0530&#31;reute
+b f BC-ICI-ISSUES-100-MLN-ST   03-11 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICI ISSUES 100 MLN STG 9-3/4 PCT EUROBOND</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Imperial Chemical Industries Plc &lt;ICI.L>
+is issuing a 100 mln stg eurobond due April 15, 2005 paying
+9-3/4 pct and priced at 101-1/4 pct, lead manager Warburg
+Securities said.
+    Morgan Grenfell and Co Ltd is co-lead.
+    The bond is in partly paid form with 30 pct due on April 15
+and the remainder due for payment on July 15.
+    It will be available in denominations of 1,000 and 10,000
+stg and will be listed in London.
+    Fees comprise 1-1/2 pct selling concession and 1/2 pct each
+for management and underwriting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8422" NEWID="3509">
+<DATE>11-MAR-1987 06:38:37.04</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0536&#31;reute
+u f BC-INDONESIA-OIL-CONTRAC   03-11 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA OIL CONTRACT NEGOTIATIONS END THIS MONTH</TITLE>
+<DATELINE>    JAKARTA, March 11 - </DATELINE><BODY>Negotiations between Indonesia's state
+oil company Pertamina and foreign oil contractors on extension
+of the standard 30-year production sharing contract will be
+concluded by the end of this month, a Pertamina official said.
+    Jumardi Jukardi, head of Pertamina's foreign contractors
+coordinating board, gave no details about the outcome of the
+talks.
+    But Pertamina President Abdul Rachman Ramly has said
+priority will be given to extending contracts for companies
+whose exploration and production contracts expire within the
+next seven to 10 years.
+    Jukardi, speaking to Indonesian reporters, said the
+negotiations would determine whether the 85-15 production
+sharing split in favour of Pertamina would be adhered to or
+altered in some cases as oil companies are asking for.
+    Hardjoko Seputro, spokesman for the Mines and Energy
+Ministry, has said that President Suharto has agreed in
+principle to extension of the standard 30-year production
+sharing contract to reflect better current depressed conditions
+on the international oil market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8423" NEWID="3510">
+<DATE>11-MAR-1987 06:38:44.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0537&#31;reute
+b f BC-SALOMON-ISSUES-228-ML   03-11 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON ISSUES 228 MLN DLR FLOATING RATE CMO</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Salomon Brothers International's CMO
+Eurotrust subsidiary is issuing a 228 mln dlr collateralised
+mortgage obligation priced at par and yielding 40 basis points
+over the three-month London interbank offered rate (Libor),
+Salomon said as lead manager.
+    However, interest, which is paid quarterly, cannot rise
+above 11.50 pct.
+    The stated maturity date of the issue is May 1, 2017, but
+the deal has an expected life of 3.6 years which will vary with
+the rate at which homebuyers prepay their mortgages
+    The pool itself consists of Federal National Mortgage
+Association (Fannie Mae) securities paying 10.50 pct.
+    The issue settles on April 27 with no accrued interest.
+    Salomon noted that the issue carries the lowest spread over
+Libor of any CMO issued in the euromarkets to date.
+    In explaining the pricing, a Salomon official noted that
+there has been very heavy demand for high-coupon U.S.Agency
+mortgage issues such as Fannie Maes and that the rising price
+of the collateral must be passed along to investors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8424" NEWID="3511">
+<DATE>11-MAR-1987 06:48:48.95</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0553&#31;reute
+b f BC-TRADE-SAYS-EC-SUGAR-T   03-11 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE SAYS EC SUGAR TENDER HARD TO FORECAST</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Traders here and in Paris said the
+results of today's EC white sugar tender are hard to forecast
+because of plans by a group of French, West German, Dutch and
+Belgian operators to sell one mln tonnes of sugar into
+intervention.
+    London traders said bids for licences have been reported
+between 43.00 and 44.00 Ecus per 100 kilos and if any licences
+are granted they are likely to be towards the lower end of that
+range, possibly 43.30/43.50 Ecus.
+    Traders in Paris said they expect maximum rebates of
+between 43 and 43.50 Ecus.
+    Other than the Commission releasing no sugar for export,
+the likely tonnage is expected to be very small, the London
+traders said, while the French sources declined to estimate
+volume in view of the psychological impact of the planned sales
+into intervention in protest against EC export policies.
+    Last week licences for 60,500 tonnes were awarded at a
+maximum rebate of 43.147 Ecus.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8425" NEWID="3512">
+<DATE>11-MAR-1987 06:58:57.83</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0564&#31;reute
+r f BC-KOREA-PLANS-TO-OPEN-M   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOREA PLANS TO OPEN MARKETS TO EASE WON PRESSURE</TITLE>
+<DATELINE>    SEOUL, March 11 - </DATELINE><BODY>South Korea will further open its market
+to help cut its trade surplus with the U.S. And to fight off
+pressure to revalue the won against the dollar, a government
+spokesman said.
+    The spokesman said Korean trade minister Rha Woong-Bae's
+stand in Washington yesterday against pressure from industrial
+nations to revalue the won underlined the government's
+determination to stand firm.
+    Rha told the U.S. Chamber of Commerce "Demands that Korea
+carry out a drastic and sudden currency revaluation of five or
+10 pct are, I believe, extremely ill-advised."
+    Deputy prime minister Kim Mahn-Je told a meeting of local
+businessmen "The government's policy on the question of
+revaluing the won is to maintain a steadfast position."
+    Kim said South Korea was ready to move slowly to raise the
+won's value because of its heavy foreign debt which stood at
+44.5 billion dlrs at the end of 1986.
+    Six industrialised nations agreed in Paris last month that
+newly industrialising countries, such as South Korea and
+Taiwan, should allow their currencies to appreciate.
+    But local businessmen have said won/dollar parity has
+already reached "a crisis level."
+    An official of the Korea Traders' Association (KTA) said if
+the won strengthened another five pct, this would mean the loss
+of profitability for nearly half of all South Korean exporters.
+    "We are determined not to go the way of Latin American
+debtor nations which have suspended interest payments of their
+debts," the spokesman said. "The only way to keep our good record
+is to maintain our exports.+
+    The trade minister said yesterday should Seoul revalue the
+won suddenly Korea would run "a tremendous trade deficit and
+could degenerate into a country, like many other developing
+countries, which is reneging on its international obligations."
+    The spokesman said South Korea had been gradually
+appreciating its currency, ruling out a major revaluation. So
+far this year, the won has gone up by 0.8 pct against the
+dollar after a 3.34 pct revaluation in 1986.
+    He said South Korea was selecting "many" of 122 items on
+which Washington recently asked Seoul to lower tariffs to help
+narrow its trade surplus with the U.S. No further details were
+given.
+    Seoul announced in January the lifting of bans on 158
+items, including sensitive agricultural products and large
+cars, effective from July.
+    South Korea posted its first ever current account surplus
+last year, due largely to a trade surplus with the U.S. Of 7.1
+billion dlrs, against a 4.3 billion deficit in 1985. It earlier
+forecast that its current account surplus could reach eight
+billion dlrs this year.
+    But the government official said the surplus would be held
+at around five billion dlrs to avoid further pressure by
+industrialised nations to push up the value of its currency.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8426" NEWID="3513">
+<DATE>11-MAR-1987 07:11:51.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0589&#31;reute
+b f BC-SECURICOR-UNIT-SEEKS   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURICOR UNIT SEEKS 50 MLN STG CREDIT FACILITY</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Security Services Plc, a unit of
+Securicor Group Plc, is seeking a 50 mln stg multi-option
+facility, County NatWest Capital Markets said as arranger.
+    The facility will be for seven years and will allow the
+borrower to issue multi-currency advances and sterling
+acceptances through a tender panel.
+    There will be an underwriting margin of up to of 3/16 pct
+over the London interbank offered rate. Underwriters will
+receive a fee of 15 basis points on the available portion of
+the facility and a fee of 10 basis points on the unavailable
+portion, which could be for up to half the facility.
+    There will be a utilization fee of 1/16 pct when more than
+half the facility is in use.
+    Securicor Group and other subsidiaries will guarantee the
+facility.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8427" NEWID="3514">
+<DATE>11-MAR-1987 07:12:52.11</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0591&#31;reute
+u f BC-GERMAN-CALL-MONEY-EAS   03-11 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN CALL MONEY EASES AFTER LIQUIDITY INJECTION</TITLE>
+<DATELINE>    FRANKFURT, March 11 - </DATELINE><BODY>Call money eased to 3.75/80 pct from
+3.80/85 yesterday following a net injection of 6.7 billion
+marks at a rate of 3.80 pct in fresh funds from this week's
+securities repurchase agreement, dealers said.
+    But rates were expected to rise toward the end of the week.
+    A major tax payment period by banks on behalf of customers,
+payments for the federal railways loan stock and repayments of
+mark liabilities incurred by foreign central banks with the
+Bundesbank in the framework of the European Monetary System
+(EMS) are likely to significantly burden the system. Banks
+built up minimum reserves today, ahead of the expected outflow.
+    The Bundesbank credited banks with a gross 15.2 billion
+marks, but some 8.5 billion left the system at the same time as
+an earlier securities repurchase pact matured.
+    Dealers estimated the EMS related outflow as high as six
+billion marks.
+    The Bundesbank declined to comment, but a spokesman said
+yesterday although the funds now due may be allowed to roll
+over, the possibility that other central banks may choose to
+redeem them meant a net infusion was needed.
+    Dealers forecast tax payments of 25 and 30 billion marks,
+but much of it is expected to burden the system only next week.
+    Banks' minimum reserve holdings at the Bundesbank totalled
+53.6 billion marks on Monday, averaging 54.0 billion over the
+first nine days of March.
+    Dealers said although the figure was well above an expected
+requirement of around 51 billion marks, the expected outflow of
+funds was so large that banks might find it difficult to meet
+the requirement toward the end of March.
+    No securities repurchase agreement is expiring next week,
+but dealers said the Bundesbank could offer fresh liquidity if
+conditions significantly tighten. "The Bundesbank wants to keep
+rates around 3.80 pct," one dealer said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8428" NEWID="3515">
+<DATE>11-MAR-1987 07:13:39.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0595&#31;reute
+u f BC-KRUPP-SAYS-2,000-STEE   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRUPP SAYS 2,000 STEEL JOBS TO GO THIS YEAR</TITLE>
+<DATELINE>   BOCHUM, West Germany, March 11 - </DATELINE><BODY>Krupp Stahl AG &lt;KRPB.F>
+said it will cut about 2,000 of a total 18,000 jobs by the end
+of 1987 and is considering reducing the work force by a further
+3,000 in subsequent years.
+   The company, which is 70.4 pct owned by Fried Krupp GmbH,
+said the job losses were part of immediate and longer-term
+restructuring plans. The statement denied published reports
+that total job losses would amount to 9,000 employees.
+    Krupp has said previously that the work force cuts are
+necessary because of weaker conditions on the steel market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8429" NEWID="3516">
+<DATE>11-MAR-1987 07:13:48.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0596&#31;reute
+u f BC-CAPITAL-MARKET-BORROW   03-11 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPITAL MARKET BORROWING ONLY MODERATE IN FEBRUARY</TITLE>
+<DATELINE>    PARIS, March 11 - </DATELINE><BODY>Borrowing on the international capital
+markets rose moderately in February with 25.9 billion dlrs of
+medium and long term funds raised, up 1.5 billion from January
+and up 3.2 billion from February last year, the Organisation
+for Economic Cooperation and Development, OECD, said.
+    Borrowing on external bond markets totalled 20.8 billion
+dlrs, some 2.8 billion more than in January, the OECD said in
+its latest monthly report.
+    But the market for floating rate notes (FRNs) saw further
+serious difficulties and the volume of new offerings was only
+1.4 billion dlrs against a 1986 monthly average of 4.2 billion.
+    However, the OECD said, issues of straight bonds and
+especially equity-related issues continued at a brisk pace.
+    As in January, exchange rate uncertainties had a major
+impact on the currency composition of new bond issues, with
+issues in dlrs totalling only 6.5 billion against a monthly
+average of over 10 billion dlrs in 1986.
+    "The share of the U.S. Dollar in total external bond
+offerings has fallen below 32 pct this year - the lowest figure
+in the present decade," the report said, but added that the
+market has absorbed a record volume of yen offerings.
+    In the syndicated credit market, the volume of new loans
+declined to 3.9 billion dlrs in February from 4.7 billion in
+January. Activity on the market for note issuance and other
+back-up facilities continued to be particularly subdued with a
+total of only 1.2 billion dlrs completed in February, some 500
+mln dlrs less than the already depressed figure for January.
+    In February, OECD borrowers accounted for some 85 pct of
+total borrowing with major borrowers including the U.S. With
+4.5 billion dlrs, Japan, 3.1 billion, and France with two
+billion, in addition to a one billion dlr refinancing for
+electricity board EDF.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8430" NEWID="3517">
+<DATE>11-MAR-1987 07:13:52.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0597&#31;reute
+b f BC-BTR-PLC-&lt;BTRX.L>-1986   03-11 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BTR PLC &lt;BTRX.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 11 -
+    </DATELINE><BODY>Shr 21.2p vs 16.0p
+    Div 4.75p making 8.25p vs 5.83p
+    Pretax profit 505 mln stg vs 362 mln
+    Turnover 4.02 billion vs 3.88 billion
+    Tax 128 mln vs 85 mln
+    Operating profit 527 mln vs 421 mln
+    Operating profit includes -
+    Other income 30 mln vs 41 mln
+    Financial costs 52 mln vs 100 mln
+    Minorities 25 mln vs 16 mln
+    Earnings 352 mln vs 261 mln
+    Extraordinary credit 78 mln vs 34 mln debit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8431" NEWID="3518">
+<DATE>11-MAR-1987 07:18:52.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0610&#31;reute
+u f BC-FIRST-COMMERCIAL-PAPE   03-11 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST COMMERCIAL PAPER ISSUED IN TURKEY</TITLE>
+<DATELINE>    ISTANBUL, March 11 - </DATELINE><BODY>A Turkish-West German joint venture,
+Turk Henkel A.S., Issued the first commercial paper in Turkey
+through private Yapi ve Kredi Bankasi A.S., Bank officials
+said.
+    "A total of 500 mln lira of commercial paper of Turk Henkel
+A.S. Is on sale today," Osman Erk, deputy general-manager of
+Yapi ve Kredi Bankasi told Reuters.
+    He said the 90-day paper of the chemicals company has an
+annualised yield of 46.64 pct. Turkey passed legislation last
+year allowing commercial paper.
+    Erk said the capital and other requirements for issuing
+commercial paper is too high for some Turkish companies to
+meet.
+    "The state Capital Markets Board has also limited the yield
+with 46.64 pct, which is slightly higher than that of the
+90-day government paper," Erk said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8432" NEWID="3519">
+<DATE>11-MAR-1987 07:20:08.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0613&#31;reute
+r f BC-TOKYO-TO-ISSUE-100-ML   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO TO ISSUE 100 MLN DLR BOND IN NEW YORK</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>The Tokyo Metropolitan Government said it
+would float a 100 mln dlr 10-year bond with a 7.5 pct coupon in
+New York, its first Yankee bond issue in 21 years.
+    The bond will be priced at 99.515 to yield 7.585 pct.
+    The issue will be immediately swapped into Swiss francs,
+putting actual interest rates at around four pct, a Tokyo
+government spokeswoman said.
+    The lead manager is First Boston Corp and the co-leaders
+are Goldman Sachs and Co and Merrill Lynch Capital Markets, she
+said.
+    The funds will be used for sewerage and reclamation work.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8433" NEWID="3520">
+<DATE>11-MAR-1987 07:20:52.78</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0616&#31;reute
+h f BC-JAPAN'S-JOBLESS-SEEN   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S JOBLESS SEEN RISING TO 3.3 PCT IN 1987/88</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>The yen's rise against the dollar is
+expected to boost Japan's unemployment rate to an average 3.3
+pct in the 1987/88 fiscal year beginning April 1 from January's
+record three pct, the private Nomura Research Institute said.
+    The official 1987/88 estimate is 2.9 pct.
+    The research arm of Nomura Securities Co forecast
+unemployment would exceed two mln by mid-fiscal 1987, against
+an estimated 1.75 mln for the current year.
+    Nomura urged the government to take pump-priming measures
+to help redress trade imbalances and boost employment.
+    Employment in manufacturing during fiscal 1987/88 was
+predicted to fall 550,000 from the current year due to higher
+job losses in the steel, shipbuilding and heavy electrical
+machinery sectors, Nomura said.
+    Employment in the non-manufacturing sector will continue to
+increase, the institute said, without giving figures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8434" NEWID="3521">
+<DATE>11-MAR-1987 07:21:39.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0621&#31;reute
+d f BC-BANK-OF-CHINA-TO-JOIN   03-11 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF CHINA TO JOIN VISA INTERNATIONAL</TITLE>
+<DATELINE>    HONG KONG, March 11 - </DATELINE><BODY>The Bank of China will become a
+card-issuing member of &lt;Visa International> this year, Visa's
+chief general manager for Asia, Carl Pascarella, said in a
+statement.
+    Visa is designing a card for China, where international
+credit cards are accepted but not yet issued.
+    He said Visa was developing training programs for the bank
+on card issuance and processing procedures. A Chinese group
+will visit Visa's San Francisco headquarters next month to
+discuss future cooperation, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8435" NEWID="3522">
+<DATE>11-MAR-1987 07:22:15.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0622&#31;reute
+u f BC-U.K.-ONE-BILLION-STG   03-11 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. ONE BILLION STG BOND TRANCHE EXHAUSTED</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>A one billion stg tranche of 8-3/4 pct
+Treasury Loan stock due 1997 was exhausted in very early
+trading on the U.K. Government bond market only minutes after
+becoming available for trading, dealers said.
+    The Bank of England said the issue, announced on Monday and
+available for official dealings from this morning, was no
+longer operating as a tap. The striking price was a partly paid
+41 stg pct, at which price bids were allotted 53.8 pct.
+    Dealers noted that strong demand had been detected for the
+bonds yesterday afternoon and interest was further stimulated
+by sterling's surge at the opening this morning.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8436" NEWID="3523">
+<DATE>11-MAR-1987 07:23:09.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0623&#31;reute
+r f BC-JAPANESE-150-BILLION   03-11 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE 150 BILLION YEN LOAN FOR INDONESIA</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Indonesia signed an agreement to borrow
+up to 150 billion yen in an untied yen loan from Japan's
+governmental Export-Import Bank, a bank spokesman said.
+    The accord on the loan for Indonesia's 21 development
+projects was signed by the visiting Indonesian Finance Minister
+Radius Prawiro and Ex-Im President Takashi Tanaka, the
+spokesman said.
+    The loan will be the bank's first untied loan to an Asian
+country in co-financing with the World Bank, but it will not be
+tied to purchase of Japanese goods or services, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8437" NEWID="3524">
+<DATE>11-MAR-1987 07:24:02.04</DATE>
+<TOPICS><D>money-supply</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0625&#31;reute
+u f BC-SPAIN-EXTENDS-RESERVE   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN EXTENDS RESERVE REQUIREMENT</TITLE>
+<DATELINE>    MADRID, March 11 - </DATELINE><BODY>The Bank of Spain has extended the
+reserve requirement for banks to their convertible peseta funds
+in an attempt to curb speculation in short-term capital which
+is currently fuelling money supply growth.
+    In a statement issued late last night, the central bank
+said convertible peseta accounts, funds which are not subject
+to exchange controls, would also be subject to a 19 pct reserve
+requirement with effect from Friday.
+    Convertible peseta funds had been previously exempt from
+reserve requirements.
+    The measure comes one week after the central bank raised
+reserve requirements on domestic deposits by one percentage
+point to 19 pct, also with effect on Friday.
+    Banking sources say the high real interest rates on offer
+now -- around eight pct for overnight funds -- have attracted a
+large influx of speculative foreign capital which is
+threatening the government's monetary targets.
+    They say this influx is largely responsible for Spain's
+principal measure of money supply, the broad-based liquid
+assets in public hands (ALP), to have grown by an estimated 17
+pct annualised rate in February, compared with January's 8.3
+pct rise and an 11.4 pct rise during the whole of 1986. The
+target for 1987 is eight pct.
+    The Bank of Spain today did not provide assistance funds to
+banks in a move to drain excess liquidity from the money
+market. Liquidity will be further tightened by the fortnightly
+Treasury Bill auction tomorrow and Friday's hike in reserve
+requirements, expected to absorb over 200 billion pesetas from
+the system.
+    The immediate reaction was a hike in interbank interest
+rates today to 13.75/14.00 pct from yesterday's 13.46 pct
+average for deposits.
+    Bank of Spain officials said this was an understandable
+response "given that the market is short of funds."
+    But banking sources noted that a continued rise in interest
+rates would neutralize the central bank's attempts to curtail
+short-term speculation with foreign funds by making the Spanish
+money markets more attractive.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8438" NEWID="3525">
+<DATE>11-MAR-1987 07:24:13.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0626&#31;reute
+u f BC-IRAQ-SAYS-IT-CRUSHED   03-11 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IT CRUSHED IRANIAN ATTACK IN NORTH</TITLE>
+<DATELINE>    BAGHDAD, March 11 - </DATELINE><BODY>Iraq said today its forces had crushed
+an Iranian attack on a strategic mountain peak in a rugged and
+snow-clad area of Iraqi Kurdistan.
+    The official Iraqi news agency INA said the attack was
+repelled yesterday by the Fifth Army Corps' 96th Brigade on
+"Karda Ku" peak, overlooking the northern post of Haj Omran and
+340 kms north of Baghdad.
+    INA said hundreds of Iranians were killed and large
+quantities of armour and weapons were left behind. It did not
+give Iraqi casualties.
+    The Iranian news agency IRNA said yesterday that Iraqi
+troops had suffered 3,000 casualties in Iran's week-old
+offensive in northeast Iraq.
+    Iran attacked across snow-capped peaks of northeastern Iraq
+last week in an area which saw heavy fighting in mid-1983.
+    The thrust followed fierce battles near Basra, Iraq's
+second city on the southern front of the 6-1/2-year-old
+conflict, after an Iranian cross-border offensive launched on
+January 9.
+    The political department head at Iraq's Defence Ministry,
+Abdul Jabbar Muhsen, said on Monday fighting was continuing in
+the north but that Iran had exaggerated battle reports.
+    He said Tehran had done this "to make up for failure in the
+south and to encourage anti-Baghdad Kurdish rebels to support
+its troops."
+    Tehran has supported anti-Baghdad Kurdish guerrillas in
+operations against government positions and installations in
+northern Iraq.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8439" NEWID="3526">
+<DATE>11-MAR-1987 07:24:58.66</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0634&#31;reute
+r f BC-HUNGARY-TO-DEVALUE-FO   03-11 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNGARY TO DEVALUE FORINT AGAINST WESTERN UNITS</TITLE>
+<DATELINE>    BUDAPEST, March 11 - </DATELINE><BODY>Hungary is to devalue the forint by an
+average of eight pct against Western currencies, the official
+news agency MTI said.
+    MTI did not say when the devaluation would become
+effective, but it expected new rates to be announced later
+today.
+    Hungary devalued the forint by a similar amount last
+September 23. Western bankers say the forint is more
+realistically valued than currencies of Hungary's COMECON
+allies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8440" NEWID="3527">
+<DATE>11-MAR-1987 07:26:10.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE><D>schlueter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0637&#31;reute
+u f BC-DANISH-BOND-PRICES-RI   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH BOND PRICES RISE AFTER AUSTERITY PLEDGE</TITLE>
+<DATELINE>    COPENHAGEN, March 11 - </DATELINE><BODY>Prices rose on the Danish bond
+market after Prime Minister Poul Schlueter said the government
+was prepared to impose further austerity measures to limit
+domestic consumption if the economy did not improve over the
+summer.
+    A typical 20-year mortgage bond had risen to 81 by noon
+from 79-1/4 at the close last night. "It is because of possible
+optimism that the government will intervene if necessary," one
+dealer told Reuters.
+    Schlueter said after a routine cabinet meeting yesterday "If
+economic tightening up is necessary, we will do it."
+    The government has already imposed three austerity packages
+since December 1985, in an attempt to bring down the external
+current account deficit, which rose to a preliminary 34.5
+billion crowns in 1986 from 29.1 billion the previous year.
+    Schlueter made clear that an autumn general election would
+not make the government postpone any austerity measures. The
+government has to call an election by January 1988.
+    He expressed surprise at concern in some financial quarters
+over the level of private and public wage settlements last
+month, worth a minimum three to four pct a year. These would
+lead to higher productivity, Schlueter said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8441" NEWID="3528">
+<DATE>11-MAR-1987 07:27:33.87</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0643&#31;reute
+u f BC-SUMITA-SAYS-LITTLE-RO   03-11 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITA SAYS LITTLE ROOM FOR BANK TO EASE POLICY</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita
+said there is little room left for the central bank to further
+ease its credit policy as interest rates levels are now
+approaching their lower limit.
+    "The government should instead seek ways of making the best
+use of its fiscal policy," he told a press conference.
+    His remarks were concerned with a comprehensive economic
+stimulative package the government plans to adopt in the coming
+days.
+    At the recent talks among the six major industrialised
+nations in Paris, Japan promised to work out a comprehensive
+economic package to boost domestic demand, which in turn would
+help increase its imports and reduce its trade surplus.
+    Sumita also said the economy will show a gradual upturn in
+the second half of the year if the yen remains stable.
+    He said there is caution in the foreign exchange market
+against a further rise of the yen and mark and this explains
+the recent stability in the currency markets. Conflicting
+economic indicators from the U.S. Have also been dampening
+market activity, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8442" NEWID="3529">
+<DATE>11-MAR-1987 07:28:03.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0646&#31;reute
+u f BC-GUNZE-SANGYO-ISSUING   03-11 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUNZE SANGYO ISSUING 25 MLN SWISS FRANC NOTES</TITLE>
+<DATELINE>    ZURICH, March 11 - </DATELINE><BODY>Gunze Sangyo Inc of Tokyo is issuing 25
+mln Swiss francs of five year convertible notes with a 1-1/2
+pct coupon, lead manager Swiss Volksbank said.
+    The conversion price has been set at 463 yen per share,
+compared with today's 450 yen close.
+    Payment is due March 30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8443" NEWID="3530">
+<DATE>11-MAR-1987 07:28:19.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0647&#31;reute
+h f BC-JAPAN-TANKOKU-YIELDS   03-11 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TANKOKU YIELDS HIT RECORD LOW AT AUCTION</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>The Finance Ministry said its auction
+yesterday of 1,000 billion yen of tankoku, six-month debt
+financing paper, produced a record low average yield of 3.246
+pct on aggressive bidding from securities houses.
+    The tankoku mature on September 21, 1987.
+    The previous record low was 3.383 pct at the last auction,
+on February 12.
+    One of four major Japanese securities house bought 39.5 pct
+of the total 1,021.1 billion yen in bids accepted, ministry
+sources said.
+    Securities houses bid aggressively as big retail accounts,
+such as tokkin, special money trust and trust funds have been
+showing strong interest in tankoku on increasing demand for
+short-term fund management, securities house managers said.
+    The yield for tankoku, issued on a discount basis, is one
+point below the 4.26/12 pct interest rates for six-month
+certificates of deposit today.
+    In the previous auction for 1,000 billion yen, the four
+majors took 92 pct of the issue to increase their tankoku
+inventory, the managers said.
+    Bids totalled 1,975.8 billion yen.
+    The average price was 98.36 to give a yield of 3.246 pct
+and lowest was 98.33, giving 3.314 pct, the Ministry said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8444" NEWID="3531">
+<DATE>11-MAR-1987 07:32:49.78</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0658&#31;reute
+h f BC-AUSTRALIA-LEADING-IND   03-11 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA LEADING INDEX CONTINUES RISE IN DECEMBER</TITLE>
+<DATELINE>    MELBOURNE, March 11 - </DATELINE><BODY>Westpac Banking Corp and the
+Melbourne University Institute of Applied Economic and Social
+Research said their leading index of Australian economic
+activity rose for the ninth successive month in December.
+    The index rose to 134.1 (base 1980) from 129.8 in November
+and 122.8 a year earlier, the Westpac-Institute report said.
+    Annualised, it rose 13 pct in December against seven pct in
+November and one pct a year earlier, based on the ratio of the
+latest index to the average over the previous 12 months.
+    The report said the index is now 12 points or 9.8 pct above
+its trough in March 1986.
+    Westpac's chief economist Bob Graham said the consistent
+upward trend in the leading index emphasised the need for a
+tough mini-budget in May. "An untoward increase in consumption
+spending before the balance of payments improves would have
+disastrous consequences," he said.
+    The coincident index also rose an annualised three pct in
+December against zero movement in November and a seven pct rise
+a year earlier, Westpac and the Institute said.
+    They said this index continued to show the current
+recession is shallow and is more likely to involve a slowing in
+real growth than an absolute fall in economic activity.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8445" NEWID="3532">
+<DATE>11-MAR-1987 07:34:50.18</DATE>
+<TOPICS><D>money-fx</D><D>yen</D><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0662&#31;reute
+r f BC-JAPAN-CANNOT-BEAR-FUR   03-11 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CANNOT BEAR FURTHER YEN RISE, MINISTER SAYS</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Japan cannot bear a further rise of the
+yen, Foreign Minister Tadashi Kuranari said.
+    "A further stronger yen would be a misfortune for Japan and
+the Japanese people would not be able to bear such a burden," he
+told reporters.
+    The minister said he wants to tell U.S. Political leaders
+of the sacrifices Japan is making to cut its trade surplus.
+    Kuranari was widely expected to fly to Washington tomorrow
+for talks focussing on trade. But departure remains uncertain
+because of the continuing parliamentary boycott by opposition
+parties protesting plans for a new sales tax.
+    If the boycott is lifted tomorrow, Kuranari would probably
+have to remain in Japan to attend parliamentary discussions on
+the government's 1987/88 budget, Japanese officials said.
+    Kuranari said both the U.S. And Japan should approach the
+trade imbalance in a calm, unemotional manner.
+    But, he added, "If the issue of rice is to be raised...I
+would mention the feelings of the Japanese people."
+    Japanese politicians have said repeatedly the country
+cannot bow to U.S. Pressure to liberalize rice imports because
+the issue is too sensitive.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8446" NEWID="3533">
+<DATE>11-MAR-1987 07:36:03.25</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0665&#31;reute
+b f BC-BANK-OF-ENGLAND-DOES   03-11 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND DOES NOT INTERVENE IN MONEY MARKET</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>The Bank of England said it did not
+operate in the money market during the morning.
+    Initially, the bank forecast a liqudity shortage of some
+300 mln stg for the market today.
+    Overnight interbank sterling traded at the 11-1/4 1/8 pct
+level for most of the morning while period rates have eased on
+the strength of sterling, dealers said. At 1200 gmt, sterling's
+trade-weighted index was up 0.6 at 72.7.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8447" NEWID="3534">
+<DATE>11-MAR-1987 08:10:28.26</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0734&#31;reute
+r f BC-U.S.-URGES-BANKS-TO-C   03-11 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. URGES BANKS TO WEIGH PHILIPPINE DEBT PLAN</TITLE>
+<AUTHOR>    By PETER TORDAY, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The U.S. is urging reluctant
+commercial banks to seriously consider accepting a novel
+Philippine proposal for paying its interest bill and believes
+the innovation is fully consistent with its Third World debt
+strategy, a Reagan administration official said.
+    The official's comments also suggest that debtors' pleas
+for interest rate concessions should be treated much more
+seriously by the commercial banks, in cases where developing
+nations are carrying out genuine economic reforms.
+    In addition, he signaled that the banks might want to
+reconsider the idea of a "megabank," where Third World debt would
+be pooled, and suggested the administration would support such
+a plan, even though it was not formally proposing it. At the
+same time, however, the official expressed reservations that
+such a scheme would ever get off the ground.
+    The Philippine proposal, together with Argentine
+suggestions that "exit bonds" be issued to end the troublesome
+role of small banks in the debt strategy, would help to
+underpin the flagging role of private banks within the plan,
+the official said in an interview with Reuters.
+    "All of these things would fit within the definition of our
+initiative as we have asked it and we think any novel and
+unique approach such as those should be considered," said the
+official, who asked not to be named.
+    In October 1985, Washington outlined a debt crisis strategy
+under which commercial banks and multilateral institutions such
+as the World Bank and the International Monetary Fund (IMF)
+were urged to step up lending to major debtors nations.
+    In return, America called on the debtor countries to enact
+economic reforms promoting inflation-free economic growth.
+    "The multilaterals have been performing well, the debtors
+have been performing well," said the official. But he admitted
+that the largest Third World debtor, Brazil, was clearly an
+exception.
+    The official, who played a key role in developing the U.S.
+Debt strategy and is an administration economic policymaker,
+also said these new ideas would help commercial banks improve
+their role in resolving the Third World debt crisis.
+    "We called at the very beginning for the bank syndications
+to find procedures or processes whereby they could operate more
+effectively," the official said.
+    Among those ideas, the official said, were suggestions that
+commercial banks create a "megabank" which could swap Third World
+debt paper for so-called "exit bonds" for banks like regional
+American or European institutions.
+    Such bonds in theory would rid these banks of the need to
+lend money to their former debtors every time a new money
+package was assembled, and has been suggested by Argentina in
+its current negotiations for a new loan of 2.15 billion dlrs.
+    He emphasised that the "megabank" was not an administration
+plan but "something some people have suggested."
+    Other U.S. Officials said Japanese commercial banks are
+examining the creation of a consortium bank to assume Third
+World debt. This plan, actively under consideration, would
+differ slightly from the one the official described.
+    But the official expressed deep misgivings that such a plan
+would work in the United States.
+    "If the banks thought that that was a suitable way to go,
+fine. I don't think they ever will."
+    He pointed out that banks would swap their Third World
+loans for capital in the megabank and might then be reluctant
+to provide new money to debtors through the new institution.
+    Meanwhile, the official praised the Philippine plan under
+which it would make interest payments on its debt in cash at no
+more than 5/8 pct above Libor.
+    "The Philippine proposal is very interesting, it's quite
+unique and I don't think it's something that should be
+categorically rejected out of hand," the official said.
+    Banks which found this level unacceptably low would be
+offered an alternative of Libor payments in cash and a margin
+above that of one pct in the form of Philippine Investment
+Notes.
+    These tradeable, dollar-denominated notes would have a
+six-year life and if banks swapped them for cash before
+maturity, the country would guarantee a payment of 7/8 point
+over Libor.
+    Until now, bankers have criticised these spreads as far too
+low. The talks, now in their second week, are aimed at
+stretching out repayments of 3.6 billion dlrs of debt and
+granting easier terms on 5.8 billion of already rescheduled
+debt. The country, which has enjoyed strong political support
+in Washington since Corazon Aquino came to power early last
+year, owes an overall 27.8 billion dlrs of debt.
+    But the official denied the plan amounts to interest rate
+capitalisation, a development until now unacceptable to the
+banks. "It's no more interest rate capitalisation than if you
+have a write down in the spread over Libor from what existed
+before," the official said in comments suggesting some ought to
+be granted the rate concessions they seek. "Some people argue
+that (cutting the spread) is debt forgiveness... What it really
+is is narrowing the spread on new money," he added.
+    He said the U.S. Debt strategy is sufficiently broad as an
+initiative to include plans like the Philippines'.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8448" NEWID="3535">
+<DATE>11-MAR-1987 08:11:51.20</DATE>
+<TOPICS><D>money-fx</D><D>stg</D><D>can</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f0743&#31;reute
+u f BC-fin-futures-outlook   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POUND AND CANADIAN DOLLAR CAPTURING ATTENTION</TITLE>
+<AUTHOR>    By Andrew Stern, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 11 - </DATELINE><BODY>Interest in the currency futures market
+has shifted to the soaring British pound and the potentially
+explosive Canadian dollar, and away from the dull Continental
+and Japanese currencies, analysts said.
+    The June pound, which added 6.3 cents over the past
+week-and-a-half to reach a new contract high of 1.5930 to the
+dollar on Monday, has spawned a new-found speculative boom.
+    "Brokers have to push their clients somewhere...and
+technically, the pound is in the best shape," PaineWebber
+analyst Jason Gillard said.
+    "We've tried to take a bullish approach to the pound, and
+we're going to stay with that, there's no reason to change,"
+Smith Barney analyst Craig Sloane said.
+    Many traders took on long pound/short West German mark
+futures positions, although some of those cross-trades were
+liquidated yesterday, Sloane said.
+     The fundamental keys to the pound's rise have been
+relatively high U.K. interest rates and a vague optimism
+surrounding the British economy, analysts said.
+    "Money seems to be chasing yields," William Byers, of Bear
+Stearns, said of the 10-1/2 pct U.K. base lending rate.
+    Many analysts are skeptical about further gains in the
+pound, on the inference that the Bank of England will seek to
+relieve upward pressure on the currency by pushing down
+interest rates after the nation's budget is released March 17.
+    The budget itself could have an impact, depending on how
+well it is received, but analysts say relative interest rates
+and oil income remain the main influences on the currency.
+    However, the market may be able to absorb lower U.K.
+interest rates, as it has done when other countries have cut
+their discount rates, and extend the pound's rally, Sloane
+said.
+    The Canadian dollar has not been rising like the pound, but
+Sloane and other analysts cautiously predicted a big move soon.
+    The sideways price pattern in the June contract, with
+smaller and smaller price ranges, has formed a "bull flag" on
+price charts, technically-oriented analysts said.
+    "It makes for an explosive type of situation that often
+leads to a breakout," in this case to the upside, Sloane said.
+    Byers agreed there was potential for the June Canadian
+dollar to rally above the 77.00 cent level from the most recent
+close at 74.80 cents to the U.S. dollar.
+    "At this stage of the game I'd call the market long-term
+positive, but for the technical burden of proof you need a
+close above (the previous contract high of) 75.25," Byers said.
+    As to the traditionally more active currencies, stability
+was the catchword and reluctance the watchword among analysts.
+    Sloane said it was important that June Swiss francs and
+June German marks held above support at 0.6400 and 0.5400,
+respectively, closing at 0.6438 and 0.5430.
+    Yesterday's rebound showed the market was still very
+respectful of the Paris accord, and the threat of central bank
+intervention by the G-5 nations plus Canada.
+    "We may still probe to see what the parameters are," Byers
+said, "but people are very reluctant because they don't know
+where the central banks will be (to intervene)."
+    Gillard said the mark could drop to a previous price
+consolidation area around 0.5250 based on the profoundly
+sluggish West German economy, but that he would be a buyer at
+that level.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8449" NEWID="3536">
+<DATE>11-MAR-1987 08:12:41.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0748&#31;reute
+u f BC-STOREHOUSE-CONVERTIBL   03-11 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOREHOUSE CONVERTIBLE BOND RAISED TO 69 MLN STG</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>The stg convertible bond issue launched
+Monday for Storehouse PLC &lt;STHL.L> was raised to 69 mln stg
+from the original 60 mln, co-lead Swiss Bank Corp International
+said. County NatWest Capital Markets is the other co-lead
+manager.
+    The coupon has been fixed at 4-1/4 pct. The conversion
+price into Storehouse ordinary shares has been fixed at 346
+pence which represents a premium of 9.84 pct over last night's
+315 pence closing share price. The put price after five years
+is 126.8 to yield 8-3/4 pct.
+    Selling period for the bond -- which dealers say has been
+seeing good demand -- has been accelerated to noon on Friday.
+    The bond was trading today at 104-3/8 104-7/8 against its
+par issue price, traders said, adding the equity link ensured
+popularity on an oversupplied eurosterling primary market.
+    The proceeds of the issue will be used to fund outstanding
+short-term borrowings, Storehouse Plc corporate treasurer Lance
+Moir told Reuters.
+    The issue was also designed to increase the international
+profile of the British high street retail conglomerate and was
+consequently aimed primarily at continental investors who have
+shown a high degree of interest in the issue, he added.
+    Demand came mainly from West Germany and Switzerland.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8450" NEWID="3537">
+<DATE>11-MAR-1987 08:13:31.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>delors</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C T G
+&#22;&#22;&#1;f0754&#31;reute
+u f BC-DELORS-REPORTS-STRONG   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELORS REPORTS STRONG OBJECTIONS TO EC CASH PLAN</TITLE>
+<DATELINE>    STRASBOURG, France, March 11 - </DATELINE><BODY>European Community
+Commission President Jacques Delors said he met with strong
+objections from some EC government heads to his radical plan
+for changes to Community financing.
+    In a speech to the European Parliament, Delors said some EC
+leaders told him on a recent tour they could not easily allow
+additional resources for the bloc when they were themselves
+pruning their own spending.
+    Others called for major spending cut in the EC's
+controversial farm policy in order to free money for regional
+and social development.
+    The Parliament later registered its support for the Delors
+plan by voting to approve his continuation in office for a
+second two-year term.
+    Delors has proposed that payments by member states to the
+EC should be based on their gross national product instead of
+on the amount of value added tax they receive. He said this
+would increase EC resources and provide a fairer system of
+sharing the financial burden.
+    He told the Parliament that in reply to complaints about
+increased payments, he had told some heads of government the
+Community needs more money.
+    Delors said he agreed with leaders who argued the need to
+reform the EC farm policy, which currently accounts for over
+two thirds of the 41 billion dlr annual budget."We have to ask
+for sacrifices but we have to create a future for those
+farmers."
+    He added, "I was forced to say to some heads of government -
+Do you want to destroy this common market in agriculture when
+you are asking for a common market in goods and services?"
+    EC leaders have set 1992 as a target for creating a genuine
+internal market in industrial products and services.
+    Delors said the people had to be convinced that increasing
+group resources did not necessarily mean raising their taxes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8451" NEWID="3538">
+<DATE>11-MAR-1987 08:14:20.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0761&#31;reute
+f f BC-******NEW-WORLD-PICTU   03-11 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEW WORLD PICTURES TO HAVE GAIN FROM SALE OF FIVE PCT OF TAFT BROADCASTING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8452" NEWID="3539">
+<DATE>11-MAR-1987 08:14:59.41</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>jamaica</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0765&#31;reute
+r f BC-JAMAICA-AGREES-DRAFT   03-11 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMAICA AGREES DRAFT BANK DEBT RESCHEDULING</TITLE>
+<DATELINE>    NEW YORK, March 10 - </DATELINE><BODY>Jamaica agreed in principle with its
+bank advisory committee on a rescheduling of 181 mln dlrs of
+foreign commercial bank debt falling due between 1987 and 1989,
+the Jamaican Information Service said.
+    Repayments on the debt will be stretched out over 12 years
+with 8-1/2 years' grace at 1-1/4 percentage points over the
+London Interbank Offered Rate, Libor. The margin on previously
+restructured debt also will be cut to 1-1/4 point from 2-1/2.
+    The package should save Jamaica about 3.3 mln dlrs a year.
+    Prime Minister Edward Seaga, who led the Jamaican
+delegation, called the terms very favourable to his country.
+    The agreement in principle with the bank advisory committee
+led by the Bank of Nova Scotia &lt;BNO.TO> comes five days after
+Jamaica successfully concluded a 125.5 mln dlr rescheduling
+accord with the Paris Club of creditor nations.
+    That pact in turn followed the International Monetary Fund
+(IMF)'s approval on March 5 of a 85 mln special drawing rights
+standby arrangement and a 40.9 mln sdr drawing under the
+compensatory financing facility.
+    Of Jamaica's foreign debt of 3.3 billion dlrs only 12 pct
+is owed to commercial banks, and Seaga yesterday reaffirmed the
+government's policy of not seeking new bank loans.
+REUTER...^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8453" NEWID="3540">
+<DATE>11-MAR-1987 08:15:29.88</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>veg-oil</D><D>palm-oil</D><D>coconut-oil</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0768&#31;reute
+r f BC-VEGETABLE-OILS-MAY-TI   03-11 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VEGETABLE OILS MAY TIGHTEN DESPITE SEED SURPLUS</TITLE>
+<DATELINE>    EDMONTON, Alberta, March 11 - </DATELINE><BODY>Lower production of coconut
+and palm oils could lead to a decline in vegetable oil stocks
+this year despite growing supplies of oilseeds, senior oilseeds
+analyst for Merrill Lynch Capital Markets Mario Balletto said.
+    Balletto told a conference of Canadian farmers at Alberta
+Agriculture's annual farm outlook conference that the world
+vegetable oil situation is one of potentially tight supplies.
+    "Prices for edible oils appear to have more upside
+potential reflecting strong world demand and an unprecedented
+decline in the production of tree oils," Balletto said.
+    Balletto estimated production of palm, coconut and palm
+kernel oils this year at 8.5 mln tonnes, down from 9.1 mln
+tonnes last year, enough to offset higher oilseed output.
+    He estimated total vegetable oil production this year at
+33.4 mln tonnes, up from 33.0 mln last year, and disappearance
+at 34.0 mln tonnes, up from 32.6 mln.
+    Unless oilseed crushing increases sharply, he said,
+disappearance of vegetable oils could exceed production by
+600,000 tonnes, the largest deficit since 1976.
+    "If world protein meal demand stagnates, thus limiting the
+crush of soybeans ... the need for serious supply rationing in
+the edible oils sector could develop," he said.
+    "This would be relatively favorable for the prices of high
+oil yielding seeds," Balletto said.
+    Oilseeds, on the other hand, remain at depressed prices
+because of burdensome supplies, he said.
+    World ending stocks of oilseeds are estimated to increase
+for the fourth straight year to a record 28.4 mln tonnes,
+compared with 25.4 mln last year.
+    The increase should result from lower disappearance, as
+production is expected to fall to 184.0 mln tonnes from 185.7
+mln last year, he said.
+    World soybean production in 1987 totalled a record 98.9 mln
+tonnes, up from 90.6 mln the previous year, Balletto said,
+while production of other oilseeds was lower.
+    Higher soybean production in South America and Europe made
+up for lower production in the United States, he said.
+    Soybeans account for the bulk of the surplus, and U.S.
+stocks make up most of those, Balletto said.
+    The Commodity Credit Corporation owned 12.7 mln tonnes,
+about half of the world soybean surplus, he said.
+    Since 1983-84, he said, world oilseed stocks have increased
+13.1 mln tonnes.
+    "During the same period, U.S. soybean stocks increased 12.1
+mln tonnes, becoming the dumping ground of the entire world
+surplus, courtesy of the CCC and highlighting the artificially
+high prices caused by the U.S. loan program."
+    "Soybean prices and, to a great extent, world oilseeds
+prices are likely to be dominated by the loan program, as long
+as the U.S. soybean surplus continues.
+    For the 1987 crop, he said, prices are likely to hover in a
+range tied to the U.S. loan program.
+    "Upside potential for prices is limited by the huge supply
+overhang while strong underlying support is provided by the
+U.S. loan rate."
+    The problem is likely to become worse as the artificially
+high prices encourage producers in South America, Canada and
+Australia to shift from grains to oilseeds, Balletto said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8454" NEWID="3541">
+<DATE>11-MAR-1987 08:16:54.73</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0775&#31;reute
+u f BC-PORTUGUESE-TRADE-DEFI   03-11 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGUESE TRADE DEFICIT NARROWS IN 1986</TITLE>
+<DATELINE>    LISBON, March 11 - </DATELINE><BODY>Portugal's trade deficit narrowed in
+1986 to 336.5 billion escudos from 354.8 billion in 1985,
+according to provisional National Statistics Institute figures.
+    Imports totalled 1,412.6 billion escudos and exports
+1,076.1 billion compared with 1,326.5 billion and 971.7 billion
+in 1985.
+    Expressed in terms of dollars, imports rose 21.2 pct and
+exports 26.1 pct and the trade deficit increased by 7.8 pct.
+    In its first year as a member of the European Community,
+Portugal recorded a deficit of 98.1 billion escudos in its
+trade with the other Community states compared with a deficit
+of 2.4 billion escudos in 1985.
+    Imports from the EC in 1986 totalled 830.2 billion escudos,
+while exports to the Community were 732.1 billion, compared
+with 609.5 billion and 607.1 billion the previous year.
+    Portugal's deficit with Spain was 83.2 billion escudos
+against 57.7 billion in 1985, with Italy it was 70.4 billion
+against 30.3 billion, and with West Germany 40.5 billion
+against 19.1 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8455" NEWID="3542">
+<DATE>11-MAR-1987 08:17:18.05</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0776&#31;reute
+r f BC-BRAZIL'S-GROS-TO-MEET   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S GROS TO MEET BANKS ON TRADE LINE ISSUE</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Brazil's central bank governor
+Francisco Gros will meet senior commercial bankers here today
+in a new attempt to defuse the anger generated by the country's
+unilateral suspension of interest payments on 68 billion dlrs
+of foreign commercial bank debt, bankers said.
+    Gros will meet representatives of Citibank, the head of
+Brazil's bank advisory committee, and of co-heads Morgan
+Guaranty Trust Co and Lloyds Bank Plc.
+    High on the agenda will be banks' complaints about Brazil's
+accompanying freeze on some 15 billion dlrs of short-term trade
+and interbank lines, the bankers said.
+    Brazil's several hundred creditor banks worldwide agreed
+last March to extend the credit lines until March 31, 1987, as
+part of a 31 billion dlr financing package.
+    Bankers said the looming expiry of this commitment, coupled
+with Brazil's freeze, raised a spate of technical and legal
+questions that the banks want to discuss with Gros.
+    They said they face problems because of the freeze
+requirement that any payment due to be made by a Brazilian bank
+under the trade facility must be deposited instead with the
+central bank. This means foreign bankers cannot easily switch
+their credit lines from one borrower to another.
+    The requirement to deposit with the central bank has also
+meant Brazilian banks have been able to negotiate lower
+interest-rate spreads, because foreign banks would rather
+accept a reduced margin than see their money deposited with the
+central bank.
+    "It's caused a lot of ill-will with the banking community,"
+one banker said.
+    Gros is also expected to brief the banks on the results of
+a 10-day tour of Europe and Japan that he and finance minister
+Dilson Funaro have just completed to seek official support for
+Brazil's debt stance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8456" NEWID="3543">
+<DATE>11-MAR-1987 08:18:09.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0783&#31;reute
+r f BC-SERVICE-RESOURCES-COR   03-11 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVICE RESOURCES CORP &lt;SRC> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>Oper shr profit five cts vs loss 1.71 dlrs
+    Oper net profit 196,000 vs loss 2,388,000
+    Sales 40.5 mln vs 43.2 mln
+    Avg shrs 2,212,000 vs 1,482,000
+    Year
+    Oper shr profit 71 cts vs loss 6.24 dlrs
+    Oper net profit 1,799,000 vs loss 8,991,000
+    Sales 154.5 mln vs 145.0 mln
+    NOTE: Net excludes losses from discontinued operations of
+712,000 dlrs vs 2,843,000 dlrs in quarter and 1,972,000 dlrs vs
+10.6 mln dlrs in year.
+    1986 net excludes extraordinary loss 1,167,000 dlrs in
+quarter and gain 628,000 dlrs in year.
+    1986 year net includes gain one mln dlrs from sale of
+building and gain 3,200,000 dlrs from termination of pension
+plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8457" NEWID="3544">
+<DATE>11-MAR-1987 08:18:18.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0784&#31;reute
+r f BC-AXLON-&lt;AXLN>-NAMES-CO   03-11 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AXLON &lt;AXLN> NAMES CO-CHIEF EXECUTIVE OFFICER</TITLE>
+<DATELINE>    SUNNYVALE, CALIF., March 11 - </DATELINE><BODY>Axlon Inc said Austin C.
+Marshall has been named president and co-chief executive
+officer, sharing power in the latter post with founder and
+chairman Nolan K. Bushnell.
+    The company said Marshall, who had been executive vice
+president of New York toy company Playtime, will have
+responsibility for the distribution of toys and Bushnell will
+concentrate on research and development and licensing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8458" NEWID="3545">
+<DATE>11-MAR-1987 08:18:37.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0786&#31;reute
+r f BC-TELEPHONE-AND-DATA-SY   03-11 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEPHONE AND DATA SYSTEMS INC &lt;TDS> 4TH QTR NET</TITLE>
+<DATELINE>    CHICAGO, March 10 -
+    </DATELINE><BODY>Oper shr 22 cts vs 22 cts
+    Oper net 2,058,000 vs 2,129,000
+    Revs 44.5 mln vs 35.7 mln
+    Avg shrs 9,589,000 vs 9,348,000
+    Year
+    Oper shr 94 cts vs 94 cts
+    Oper net 8,889,000 vs 8,570,000
+    Revs 155.0 mln vs 123.4 mln
+    Avg shrs 9,450,000 vs 9,174,000
+    NOTE: Net excludes discontinued operations gain 1,637,000
+dlrs vs loss 720,000 dlrs in quarter and gain 4,679,000 dlrs vs
+loss 720,000 dlrs in year.
+    1986 net both periods includes charge 865,000 dlrs from
+repal of investment tax credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8459" NEWID="3546">
+<DATE>11-MAR-1987 08:21:11.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0794&#31;reute
+u f BC-CHINA-WELCOMES-U.S.-C   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA WELCOMES U.S. COURT BOND DECISION</TITLE>
+<DATELINE>     PEKING, March 11 - </DATELINE><BODY>China welcomed a U.S. Supreme Court
+decision dismissing claims by holders of 41 mln dlrs of
+pre-1949 Chinese bonds, but U.S. Officials said Peking has a
+long way to go before it can issue bonds in the U.S.
+     A Foreign Ministry spokesman told a news briefing that
+China welcomed a Monday court ruling, which rejected a petition
+by holders of railway bonds issued in 1911 by the ruling Qing
+dynasty, which the Communist government does not acknowledge.
+     The spokesman said the ruling "indicates the ... Railway
+bearer bonds case is finally closed."
+    But a U.S. Embassy official said that two other bond cases
+were still in litigation and it was not known if the other
+courts involved would accept the Supreme Court ruling.
+    China has issued much of its recent overseas debt in Japan,
+and has been badly hit by the yen's sharp rise. A Western
+banker said the U.S. Market has become more attractive to
+China, since it is likely to issue bonds denominated in
+currencies other than yen, and so protect itself against future
+currency fluctuations.
+    But a Western diplomat warned that potential U.S. Buyers
+would not give China the warm reception it received in Japan.
+    "U.S. Investors are not interested in China per se, as many
+Japanese are. China has no track record in the U.S. Bond
+market. Investors may demand disclosure of information Chinese
+institutions are unwilling to give," he said.
+    He said potential buyers might scrutinise China's human
+rights record. Some institutions are reportedly concerned about
+recent events in China, including a drive by the Chinese media
+against "bourgeois liberalism."
+    An official of state-owned China International Trust and
+Investment Corp, which has raised funds in Hong Kong, Tokyo and
+Frankfurt, declined comment on the court decision.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8460" NEWID="3547">
+<DATE>11-MAR-1987 08:30:14.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0808&#31;reute
+u f BC-NEW-WORLD-PICTURES-&lt;N   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW WORLD PICTURES &lt;NWP> SELLS TAFT &lt;TFB> STAKE</TITLE>
+<DATELINE>    LOS ANGELES, March 11 - </DATELINE><BODY>New World Pictures Ltd said it sold
+456,900 shares or about five pct of Taft Broadcasting Co common
+stock for a gain of 17.8 mln dlrs.
+    The company said in a brief statement that it acquired the
+stock in late 1986.  It gave no further details and company
+officials were not immediately available for comment.
+    On Friday, Taft vice chairman Dudley S. Taft and
+Narragansett Capital Inc &lt;NARR> offered to acquire Taft for 145
+dlrs per share.  Dudley Taft and his family have owned 12 pct
+of the company.
+    An investment group leds by Robert M. Bass, one of the Bass
+brothers of Fort Worth, Texas, has been reported as owning
+about 25 pct of Taft stock, and &lt;American Financial Corp>
+chairman Carl Lindner has been reported to own about 16 pct. 
+Both Bass and Linder have acquired Taft shares in recent months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8461" NEWID="3548">
+<DATE>11-MAR-1987 08:30:30.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0810&#31;reute
+r f BC-NASD-TO-DELIST-LOS-AN   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASD TO DELIST LOS ANGELES SECURITIES &lt;LASG></TITLE>
+<DATELINE>    LOS ANGELES, March 11 - </DATELINE><BODY>Los Angeles Securities Group said
+the National Association of Securities Dealers intends to
+delist its securities effective tomorrow because the NASD
+believes that market-making sales of the company's securities
+by its Los Angeles Securities brokerage subsidiary are not
+being made under an effective registration statement.
+    The company said it must demonstrate compliance with the
+Securities Act of 1933, which requiresd the registration
+statement, to avoid delisting.  It said it believes that the
+NASD action is without merit and that an effective registation
+stateement is in place.
+    Los Angeles Securities said it is asking the NASD to stay
+the delisting pending a review of the matter, consultation with
+the Securities and Exchange Commission and a potential hearing
+on the merits.  It said pending resolution of the matter, it
+has ceased making a market in its own securities.
+    The NASD has instituted similar actions against other
+holding companies for broker/dealers that are quoted on its
+NASDAQ system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8462" NEWID="3549">
+<DATE>11-MAR-1987 08:32:03.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>mulroney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f0815&#31;reute
+r f AM-MULRONEY   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA'S MULRONEY MAKES SENIOR STAFF CHANGES</TITLE>
+<DATELINE>     OTTAWA, March 11 - </DATELINE><BODY>Canadian Prime Minister Brian Mulroney
+announced a major shakeup in the ranks of his key advisers 
+after weeks of continuing criticism of his government.
+     Mulroney announced the departure of his senior policy
+advisor, the resignation of his press secretary and the
+reassignment of his communications director.
+     Mulroney's Progressive Conservative government, shaken by
+a series of cabinet resignations and allegations of corruption,
+has been trailing the opposition parties for months in public
+opinion polls.
+     The prime minister, who led the Conservatives to a
+landslide victory in the 1984 general election, had been urged
+by party loyalists to make major changes within his office.
+     A cabinet shuffle is expected later this month in advance
+of more personnel changes within Mulroney's office as the prime
+minister seeks to regain public confidence.
+     The next election is expected sometime in 1988, although
+it could be delayed until mid-1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8463" NEWID="3550">
+<DATE>11-MAR-1987 08:32:52.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0817&#31;reute
+u f BC-HONG-KONG-RAISES-EXCH   03-11 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG RAISES EXCHANGE FUND BORROWING LIMIT</TITLE>
+<DATELINE>    HONG KONG, March 11 - </DATELINE><BODY>The borrowing limit of the Hong Kong
+Exchange Fund, set up to regulate the value of the Hong Kong
+dollar, has been raised to 50 billion H.K. Dlrs from 30 billion
+by the legislature, an official statement said.
+    The limit governs total borrowing by the fund from the
+government's general revenue account and various funds as well
+as borrowing by the fund arising from money market operations.
+    The bulk of the government's fiscal surplus is invested by
+the Treasury with the exchange fund against the issue by the
+fund of interest-bearing debt certificates, Financial Secretary
+Piers Jacobs said.
+    "At the close of the business today, the total amount of
+debt certificates issued by the Exchange Fund in return for
+money transferred from the general revenue account and the
+various funds, in other words the total borrowing by the
+Exchange Fund from these sources, will be 26.9 billion dlrs,"
+Jacobs said.
+    He said borrowing arising from money market operations
+would amount to an additional 2.9 billion dlrs, making a total
+of 29.8 billion dlrs, just short of the borrowing limit of 30
+billion dlrs.
+    Jacobs said the government's fiscal reserves are expected
+to total 32 billion dlrs by the end of the current fiscal year
+ending March 31.
+    "The current borrowing limit of 30 billion dlrs will,
+therefore, constrain the ability of the Exchange Fund to
+continue to take in these fiscal reserves by the issue of
+interest-bearing debt certificates," he said.
+    "It will also constrain the ability of the exchange fund in
+its money market operations," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8464" NEWID="3551">
+<DATE>11-MAR-1987 08:35:28.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0832&#31;reute
+u f BC-OFFICIAL-SAYS-REAGAN   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OFFICIAL SAYS REAGAN OPPOSES SECURITIES TAX</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The Reagan administration is totally
+opposed to recent Democratic suggestions that securities
+transactions should be taxed to help curb the budget deficit,
+an administration official said in an interview.
+    "We're totally opposed to a securities transfers tax. It
+would impair the efficiency of some of the most efficient
+markets in the world," he said. He declined to be named.
+    In recent days House Speaker Jim Wright, a Texas Democrat,
+has called for such a tax to raise the 20 billion dlrs he
+estimates is needed to meet legal deficit reduction targets.
+    "It would fall primarily in my view not on wealthy
+individuals but on middle income people who occasionally invest
+and trade. So I think it's a very bad idea," said the official,
+who is an administration economic policy-maker.
+    The official also rejected a suggestion by Wright that the
+administration delay next year's cut in top tax rates, called
+for in the recently-passed overhaul of the U.S. Tax system.
+    "It is breaking faith with the American people ... It would
+be a real breach of faith," he said.
+    The Gramm-Rudman Hollings law calls for a balanced budget
+by 1991, but its power has been reduced in the Supreme Court.
+    Wright and other Democrats say even if they pass President
+Reagan's budget proposals for the fiscal year starting this
+October, they would miss by some 20 billion dlrs the 108
+billion dlr target for the budget deficit set under the
+Gramm-Rudman law.
+    The administration puts the deficit at 173.2 billion dlrs
+in the current fiscal year and claims that spending cuts and
+revenue increases will achieve the Gramm-Rudman goal.
+    The official, who is knowlegeable on budget strategy, also
+said President Reagan was still opposed to a so-called 'budget
+summit' with Congress to resolve the deficit issue.
+    The suggestion of a 'budget summit' emerged again recently
+after Democrats and Republicans alike said Reagan needed a
+deficit reduction package and an arms control accord with
+Moscow to rebuild his presidency after the Iran arms scandal.
+    But the official dismissed the budget summit idea as an
+attempt by the Democrats to secure a tax increase. He accused
+them of being overly critical before they had written their own
+budget proposal, due out on April 1.
+    "It's easier to write a book review than it is to write a
+book. We've written a book and the Democrats are writing a book
+review every day. Let's see their book," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8465" NEWID="3552">
+<DATE>11-MAR-1987 08:36:17.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0837&#31;reute
+u f BC-LCE-MOVE-TO-NEW-PREMI   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LCE MOVE TO NEW PREMISES DELAYED TO END-MAY</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>The London Commodity Exchange (LCE) has
+put back the date at which it will move to its new premises in
+Commodity Quay to end-May from the intended early April launch,
+an LCE spokeswoman said.
+    The move has been delayed as the installation of
+telecommunication facilities is running behind schedule due to
+the recent British Telecom strike, she said.
+    Trading in the LCE's present markets is expected to end on
+May 22 and start in the new premises after the Spring Bank
+Holiday on May 26. The introduction of local traders and traded
+options is scheduled for early June, the spokeswoman added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8466" NEWID="3553">
+<DATE>11-MAR-1987 08:37:46.17</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0846&#31;reute
+r f BC-SOVIET-ECONOMIST-SEES   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET ECONOMIST SEES FEW GAINS IN U.S. TRADE</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>There is little chance Soviet exports
+to the United States will rise in 1987, but Moscow's current
+trade reforms should result in more trade in manufactured goods
+in future, a Soviet economist said.
+    Sergey Frolov, chief economist at Amtorg Trading Corp, an
+agent for Soviet trade organisations and industries, told a
+U.S.-USSR business meeting the Soviet Union produces few items
+that western nations want.
+    But reforms, including upgrading the quality of goods and
+allowing joint ventures with foreign firms, will encourage
+modest export gains in future.
+    Frolov said the Soviet Union exported 500 mln dlrs worth of
+goods to the United States in 1986 and imported 1.5 billion
+dlrs worth. He gave no trade forecast for 1987.
+    But he said that even if all obstacles were removed, total
+trade between the two countries would remain between two and
+three billion dlrs a year.
+    "The post-detente embargoes have taught the USSR to limit
+its trading with the U.S.," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8467" NEWID="3554">
+<DATE>11-MAR-1987 08:38:33.70</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0850&#31;reute
+b f BC-SWISS-SIGHT-DEPOSITS   03-11 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS SIGHT DEPOSITS FALL 2.88 BILLION FRANCS</TITLE>
+<DATELINE>    ZURICH, March 11 - </DATELINE><BODY>Sight deposits of commercial banks at
+the Swiss National Bank fell 2.88 billion Swiss francs in the
+first 10 days of March to 7.65 billion, the National Bank said.
+    Foreign exchange reserves rose 3.30 billion francs to 33.94
+billion.
+    Sight deposits are a major indicator of money market
+liquidity in Switzerland.
+    The National Bank said banks paid back 5.5 billion francs
+of central bank credit taken out at the end of February for the
+end-month liquidity requirement.
+    This drain was offset in part by new currency swaps, which
+had the effect of increasing the National Bank's foreign
+exchange holdings.
+    Bank notes in circulation fell 309.1 mln francs to 24.49
+billion, and other deposits on call -- basically government
+funds -- rose 1.06 billion to 2.10 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8468" NEWID="3555">
+<DATE>11-MAR-1987 08:38:44.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0851&#31;reute
+r f BC-U.S.-BANKS-TO-GET-APP   03-11 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANKS TO GET APPROVAL FOR SECURITIES BUSINESS</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>U.S. Commercial banks are expected to
+receive Finance Ministry approval in late April to operate
+securities subsidiaries in Japan, U.S. Bank officials said.
+    A senior official at one of four prospective banks said the
+ministry told his bank it would give approval as long as the
+parent firm holds no more than 50 pct of the capital.
+    "We expect the ministry to give us permission by the end of
+April," he said.
+    &lt;J.P. Morgan and Co>, Bankers Trust New York Corp &lt;BT.N>,
+Manufacturers Hanover Corp &lt;MHC.N> and Chemical New York Corp
+&lt;FNBF.N> have asked for securities business licenses.
+    Ministry officials declined to say when they would give
+formal approval, but said they were working on the issue.
+    Approval would pave the way for U.S. Commercial banks to
+underwrite and trade equities in Japan under their own names.
+    Citicorp &lt;CCI.N> and Chase Manhattan Corp &lt;CMB.N> have
+already entered the Japanese securities market by acquiring
+U.K. Securities houses already operating in Japan. Citicorp
+took over &lt;Vickers de Costa Ltd> and Chase bought &lt;Laurie
+Milbank and Co>.
+    Bankers did not know if all the banks would get licenses,
+but said J.P. Morgan probably would as it was first to ask.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8469" NEWID="3556">
+<DATE>11-MAR-1987 08:38:54.60</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0852&#31;reute
+u f BC-ECUADOR-CRUDE-OIL-EXP   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR CRUDE OIL EXPORTS STOPPED FOR FIVE MONTHS</TITLE>
+<DATELINE>    QUITO, March 11 - </DATELINE><BODY>Ecuador needs 120 mln dlrs to repair the
+damage to its oil export pipeline caused by last week"s
+earthquake, which will stop crude exports for five months,
+energy and mines minister Javier Espinosa Teran said.
+    Espinosa said yesterday the pipeline, which carries crude
+from jungle fields to the Pacific Ocean coast of Balao, would
+be repaired with the help of Texaco Inc &lt;TX.N> and a Mexican
+and an Argentine firm.
+    President Leon Febres Cordero said two days ago that
+Ecuador, an OPEC member, would have to suspend crude exports
+for four months due to the quake.
+    Oil traditionally accounts for up to two-thirds of
+Ecuador's total exports and as much as 60 pct of government
+revenues.
+    Deputy energy minister Fernando Santos Alvite said Ecuador
+would have to import six to seven mln barrels of crude oil to
+meet its needs until the line was repaired.
+    The Ecuadorean minister at the Presidency, Patricio
+Quevedo, told reporters that Venezuela will lend Ecuador five
+mln barrels of crude, which would repaid in kind after a
+180-day period.
+    He added the Caracas-based Andean Development Corp had
+granted a loan of 11.7 mln dlrs towards repairing the pipeline,
+50 km of which had been damaged in the quake.
+    In Quito, Foreign Minister Rafael Garcia Velasco yesterday
+summoned ambassadors from about 40 countries to whom he issued
+appeal for emergency aid for the country. Only three countries,
+the U.S., Colombia and Venezuela, had offered assistance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8470" NEWID="3557">
+<DATE>11-MAR-1987 08:40:22.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0865&#31;reute
+d f BC-SOUTHLIFE-HOLDING-CO   03-11 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHLIFE HOLDING CO &lt;SLHC> 4TH QTR NET</TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 11 -
+    </DATELINE><BODY>Oper shr seven cts vs 20 cts
+    Oper net 347,855 vs 787,117
+    Revs 6,748,868 vs 6,849,499
+    Avg shrs 5,391,666 vs 4,277,157
+    Year
+    Oper shr 56 cts vs 46 cts
+    Oper net 2,617,528 vs 2,003,661
+    Revs 27.1 mln vs 27.3 mln
+    Avg shrs 4,763,793 vs 3,377,157
+    NOTE: Net excludes realized gains on investments of 925,576
+dlrs vs 577,389 dlrs in quarter and 1,776,341 dlrs vs 797,932
+dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8471" NEWID="3558">
+<DATE>11-MAR-1987 08:41:06.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0866&#31;reute
+u f BC-IMF-WARNS-ISRAEL-PAY   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF WARNS ISRAEL PAY RISES MAY THREATEN STABILITY</TITLE>
+<DATELINE>    TEL AVIV, March 11 - </DATELINE><BODY>The International Monetary Fund has
+warned Israel in a report that a continued rapid rise in wages
+could undo the achievements of its economic stabilization
+program in controlling hyperinflation.
+    An IMF delegation, which visited Israel this week, issued
+an interim report praising Israel's success in slashing
+inflation from 440 pct in 1985 to 19.7 pct last year without
+triggering mass unemployment.
+    But it held up Argentina and Brazil as examples of the
+perils awaiting countries who did not follow up on
+stabilization programs.
+    "Continued rapid rise in wages would threaten the progress
+in reducing inflation and the present level of employment," the
+IMF said.
+    The report echoed warnings last week by Bank of Israel
+Governor Michael Bruno and the private Bank Hapoalim that
+higher wages, government overspending and a consumer boom were
+rekindling inflation. "Though wage developments and the
+reacceleration of inflation are worrisome, there is still time
+to put the stabilization program back on track," it said.
+    The warning comes ahead of Israel's key public sector wage
+negotiations next month.
+    Bank Hapoalim chief economist Petahia Bar-Shavit said real
+growth of wages in 1986 was about 10 pct, following a fall of
+between 15 and 20 pct in the second half of 1985 when the
+government's economic stabilisation programme was introduced.
+    Hapoalim forecast last week that inflation would rise to
+around 30 pct this year and a second devaluation might be
+necessary later in the year, following the 9.75 pct devaluation
+against the dollar in January.
+    Bar-Shavit also said the government was implementing a
+policy of cutting taxes without a clear strategy for balancing
+the budget.
+    The IMF report said monetary policy was relaxed too fast
+last year and it supported the Bank of Israel's raising of
+interest rates in the last month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8472" NEWID="3559">
+<DATE>11-MAR-1987 08:42:35.75</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0868&#31;reute
+r f BC-ALGERIA-REGULATES-USE   03-11 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALGERIA REGULATES USE OF COFFEE ADDITIVES</TITLE>
+<DATELINE>    ALGIERS, March 11 - </DATELINE><BODY>The Algerian authorities have regulated
+the addition of chickpeas and barley used to make imported
+coffee go further, the official APS news agency reported.
+    Taking advantage of scarcity, private roasters were selling
+ground coffee mixtures which were 75 pct non-coffee, it said.
+Since the beginning of March, the coffee market has been
+strictly regulated by the state food marketing monopoly Enapal.
+    Now a third of imported coffee will be sold as pure beans
+and two thirds as a ground mixture with a choice of 30 pct
+chickpeas or 30 pct barley. In March private dealers will
+handle 2,050 tonnes of pure coffee and Enapal 6,050 tonnes of
+mixtures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8473" NEWID="3560">
+<DATE>11-MAR-1987 08:43:20.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0870&#31;reute
+r f AM-CANADA-CLARK-1STLD   03-11 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLARK HOLDS TALKS WITH SHULTZ IN WASHINGTON</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Foreign Secretary Joe Clark urged
+the United States to take firm action on reducing "acid rain" and
+on sticking with the strict interpretation of the
+Anti-Ballistic Missile Treaty but said he won no promises.
+    After a day of meetings with Vice President George Bush,
+Secretary of State George Shultz and Commerce Secretary Malcolm
+Baldrige, Clark told a press conference he was persuaded the
+Reagan adminstration had begun to deal seriously with Canada
+and its concerns.
+    But he admitted he had won no assurances Washington would
+go along with his government's position on several key
+controversial issues.
+    "There's a lot more attention to Canadian files. What
+remains to be seen is how much progress will be achieved," he
+told reporters.
+    The meetings, which end today with talks on Capitol Hill,
+are part of a routine U.S.-Canadian consultation but are also
+expected to lay groundwork for a summit in Ottawa next month
+between President Reagan and Prime Minister Brian Mulroney.
+    Clark discouraged speculation that lack of a firm American
+committment on the thorny issue of acid rain could render the
+summit a failure.
+    Canada is seeking evidence that Reagan is prepared to live
+up to a commitment made last year to implement in the United
+States a five-year five billion dlr U.S. program to test
+cleaner ways of burning coal.
+    "We expect the U.S. government to honor its commitment" and
+discussed this with Shultz today, Clark said.
+    "There's no question the matter is under serious detailed
+consideration at the highest levels of the U.S. government," he
+said, adding that Shultz "left my meeting today to attend a
+(White House) cabinet meeting that was discussing this as well
+as other questions."
+    "We will wait and see the results of that examination," he
+said.
+    Clark also said he reiterated Canada's position that the
+United States should adhere to a strict interpretation of the
+1972 ABM treaty, the only remaining operative arms control
+agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8474" NEWID="3561">
+<DATE>11-MAR-1987 08:44:41.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0874&#31;reute
+u f BC-FLOOD-THREAT-IN-TEXAS   03-11 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLOOD THREAT IN TEXAS</TITLE>
+<DATELINE>    Kansas City, March 11 - </DATELINE><BODY>The National Weather Service said
+heavy afternoon and evening rainfall caused a threat of
+flooding over portions of Texas. There were reports of more
+than two inches of rain falling across Terrall and Val Verde
+counties during the afternoon, which caused street and highway
+flooding.
+    A coastal flood watch was also posted along the outer banks
+of North Carolina and warnings of gale force winds have been
+posted along the central Atlantic Coast.
+    Cold temperatures and rain mixed with snow caused the
+advisories for livestock which were posted over northwest Texas
+through the morning.
+    Rain continued over central Texas into the morning hours.
+Rain also extended over the Oregon coast, near San Francisco
+Bay, California and over northwest Montana.
+    Snow was scattered over northwest Texas, as well as from
+northeast Montana across North Dakota into western Minnesota.
+    There were no reports of measurable snowfall during the six
+hours ending at one am est.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8475" NEWID="3562">
+<DATE>11-MAR-1987 08:48:24.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0886&#31;reute
+r f PM-BANKS   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANKS, THRIFTS FACE CHANGE FROM SENATE BILL</TITLE>
+<AUTHOR>    By Kenneth Barry</AUTHOR>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>U.S. banks and savings and loan
+institutions could face important changes as a result of
+emergency legislation adopted overwhelmingly by the Senate
+Banking Committee.
+    The bill approved 12-6 yesterday would rescue the
+underfunded federal deposit insurance fund for thrifts and
+temporarily halt new developments in the provision of financial
+services.
+    The bill, which goes to the full Senate, will infuse a
+badly needed 7.5 billion dlrs into the Federal Savings and Loan
+Insurance Corp., which insures accounts of depositors.
+    It also limits banks' ability to sell securities and
+restricts a new breed of competitor, the so-called nonbank
+banks.
+    Committee Chairman William Proxmire, the bill's sponsor,
+promised the committee will work on a long-term plan for new
+developments in the financial services industry, which is
+confronted by growing competition from firms in other
+commercial centers, such as London and Tokyo.
+    "This bill we are taking up today is the first step in this
+effort," the Wisconsin Democrat said.
+    But Sen. Jake Garn, the committee's top Republican,
+chastised senators for imposing temporary restrictions on
+financial providers.
+    "It is time to forget the special interests," the Utah
+senator said.
+    Garn failed to win approval for an amendment that would
+have eliminated virtually all of the bill's provisions except
+the rescue for FSLIC.
+    A major controversy focused on nonbank banks, which offer
+limited financial services of a bank and avoid most banking
+regulations.
+    Proxmire succeeded in closing a loophole which would permit
+new nonbank banks and thrifts until Congress passes
+comprehensive bank reform, a move welcomed by the bank
+industry.
+    But at the same time, the bill set a moratorium on a number
+of new activities that banks may undertake, including selling
+insurance, securities and real estate for one year after the
+bill becomes law.
+    The 7.5 billion dlr rescue for FSLIC represented a
+compromise between a larger amount sought by the Reagan
+administration and a smaller figure proposed by the thrift
+industry.
+    The U.S. League of Savings Institutions, an industry group,
+feared approval of a larger amount for FSLIC would lead to a
+surge of closings of thrifts by federal superviors.
+    "We hope the Congress will finally settle on a lower number,"
+William O'Connell, president of the league, said after the
+committee voted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8476" NEWID="3563">
+<DATE>11-MAR-1987 08:51:50.66</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0895&#31;reute
+r f BC-TALKING-POINT/OIL-SER   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/OIL SERVICES TURNAROUND SEEN</TITLE>
+<AUTHOR>    By Bernice Napach, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>The oil services industry is on the
+verge of a recovery because of rising crude prices, oil
+industry analysts said.
+    The analysts, who issued buy recommendations on some
+stocks, said the recovery in oil services should begin in the
+second half of 1987, after drilling activity bottoms out in the
+first half, and continue into the next decade.
+     "People, however, cannot afford to wait for drilling to go
+up to start buying," said Sandi Haber Sweeney, senior research
+analyst at Sanford C. Bernstein and Co Inc.
+    Among the recommended buys are Schlumberger Ltd &lt;SLB>,
+Halliburton Co &lt;HAL>, Dresser Industries &lt;DI>, Baker
+International &lt;BKO>, and McDermott International Inc &lt;MDR>,
+which may be the target of a takeover by Harold Simmons, a
+Dallas-based investor.
+    Analysts said although major oil companies are increasing
+exploration and development overseas, they expect the pickup in
+oil services will begin in the U.S.
+    "Activity in the U.S. is so depressed it should move up
+faster," said Vishnu Sharp of Goldman Sachs.
+    The number of active oil drilling rigs in the U.S. was 766
+last week compared with 1,212 rigs one year ago, Huges Tool Co
+&lt;HT> figures show.
+    The average number of working rigs in the U.S. for 1987 is
+projected at 978 versus 964 in 1986, according to Ike Kerridge,
+vice president of stockholder relations at Hughes Tool. "The
+first significant pickup in drilling activity will occur in the
+second half of 1988," Kerridge said.
+    Overseas drilling activity is expected to follow a similar
+pattern, Kerridge said.
+    "Halliburton is the best value," said Jeffrey Freedman,
+vice president at Smith Barney, Harris and Upham Inc, adding
+the company controls the greatest amount of liquidity of common
+stock market value, is diversifed in non-oil field businesess,
+and has the lowest multiple of stock price to operating cash
+flow including debt.
+    Schlumberger is Freedman's second favorite oil service
+stock.
+    "Schlumberger is expected to continue to be the dominant
+technical leader in the industry," Freedman said.
+    "Schlumberger's management shift, asset restructuring,
+including a pending merger of Fairchild Semiconductor, and its
+considerable cash horde sets the stage for the company to
+maximize its significant industry advantage and capitalize on
+the project upturn in exploration and development activity,"
+according to a report by George Gaspar, first vice president at
+Robert W. Baird and Co Inc.
+    Gaspar estimates earnings per share for Schlumberger at 25
+cts for 1987 and one to 1.75 dlrs in 1988 compared with 20 cts
+in 1986 excluding a fourth quarter special charge of 1.87
+billion dlrs.
+    Bernstein's Sandi Sweeney is recommending a group of oil
+service companies and said choosing among them is difficult.
+Her favorite is Baker International, which is involved in a
+possible merger with Hughes Tool Co.
+    Dresser Industries will also benefit from the recovery but
+possibly not as much as other companies because it is not a
+pure service company, Sweeney said.
+    Dresser is expected to improve profitability owing to cost
+reductions and streamlined operations, including the sale and
+leaseback of its headquarters, said Swarup.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8477" NEWID="3564">
+<DATE>11-MAR-1987 08:53:55.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0901&#31;reute
+u f BC-CREDITANSTALT-SEES-HI   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDITANSTALT SEES HIGHER 1987 DIVIDEND</TITLE>
+<DATELINE>    VIENNA, March 11 - </DATELINE><BODY>Creditanstalt-Bankverein &lt;CABV.VI> is
+likely to raise its 1987 dividend from the 1986 payment of 12
+pct of share capital, deputy general-director Guido
+Schmidt-Chiari said.
+    The 1985 dividend was 10 pct, unchanged from the previous
+year and Schmidt-Chiari noted that the parent bank's share
+capital had risen to 3.1 billion schillings at the end of 1986
+from 2.7 billion a year earlier.
+    Schmidt-Chiari made the forecast at a news conference when
+the bank announced a 1986 consolidated banking group net profit
+of 496.7 mln schillings for 1986, against 354.5 mln in 1985.
+    Schmidt-Chiari did not elaborate on his dividend forecast.
+    The banking group's consolidated balance sheet total rose
+to 453.4 billion schillings at year-end from 425.4 billion.
+    General director Hannes Androsch said higher investment
+would lead to continuing growth in profits in future. Last
+year's better profits had resulted from improvements in
+services provided by the bank and also in profits on schilling
+lending.
+    Schilling lending had grown last year and interest rate
+margins had also improved but remained unsatisfactory when
+compared with those in other countries, he said.
+    Increased provisions for possible bad debts at home and
+abroad, particularly in Latin America, had lowered profits,
+Androsch said, but declined to give an exact figure.
+    Schmidt-Chiari said that foreign lending business had
+fallen significantly due to exchange rate fluctuations,
+removing some 22 billion schillings from the balance sheet
+total.
+    In an attempt to generate more foreign business,
+representative offices would be opened this year in Tokyo, Hong
+Kong, Moscow and Prague. Androsch welcomed government plans to
+abolish legal controls on foreigners buying voting shares and
+drawing dividends.
+    Preference shares of state-controlled Creditanstalt rose
+eight schillings on the Vienna Bourse today to 2,008. Brokers
+said improved results had been widely expected by investors.
+    Androsch said industrial holdings had performed better in
+1986 than in previous years, giving a return on investment of
+2.6 pct compared with 1.3 pct in 1985. Creditanstalt, Austria's
+largest bank, holds majority interests in 10 medium-sized and
+large Austrian companies.
+    But he forecast its biggest industrial subsidiary, Steyr
+-Daimler-Puch AG &lt;SDPV.VI> would return a 1987 result similar
+to the expected 1986 operating loss of 700 mln schillings.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8478" NEWID="3565">
+<DATE>11-MAR-1987 08:54:05.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0902&#31;reute
+u f BC-CPC-&lt;CPC>-TO-SELL-UNI   03-11 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPC &lt;CPC> TO SELL UNIT TO HI-PORT &lt;HIPT></TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., March 11 - </DATELINE><BODY>CPC International Inc
+said it has agreed in principle to sell its Peterson/Puritain
+Inc subsidiary to Hi-Port Industries Inc.
+    CPC said the sale is not expected to have a significant
+impact on its earnings and is subject to approval by boards of
+both companies.  Terms were not disclosed.
+    Peterson/Purittan is a contract packager of personal care
+and household products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8479" NEWID="3566">
+<DATE>11-MAR-1987 08:54:43.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0905&#31;reute
+u f BC-GYNEX-&lt;GYNXU>-RECALLI   03-11 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GYNEX &lt;GYNXU> RECALLING ORAL CONTRACEPTIVES</TITLE>
+<DATELINE>    DEERFIELD, Ill., March 11 - </DATELINE><BODY>Gynex Inc said distributor
+Monsanto Co &lt;MTC> has recalled at Gynex's request two generic
+oral contraceptives developed by 50 pct-owned Gynex
+Laboratories Inc because some packages may contain out of order
+or missing tablets.
+    The company said privately-held &lt;Watson Laboratories Inc>,
+owner of the other 50 pct of Gynex Laboratories, has
+temporarily suspended production of the products, and an
+inspection of the packaging operation is currently underway. It
+said corrective measures will be implemented to prevent a
+recurrence.
+    Gynex said because of the recent introduction of the
+products, it believes only a limited number of packages have
+been dispensed to consumers.  The products are Gynex 1-35E and
+Gynex 0.5-35E.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8480" NEWID="3567">
+<DATE>11-MAR-1987 08:57:01.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0911&#31;reute
+r f BC-JAPAN-FOREIGN-MINISTE   03-11 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE> JAPAN FOREIGN MINISTER CALLS OFF TRIP TO THE U.S.</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Foreign Minister Tadashi Kuranari has
+cancelled a trip tomorrow to the U.S. Because of continued
+confusion in the Japanese Parliament, Foreign Ministry
+officials said.
+    The cancellation comes just as the U.S. Congress is to
+consider legislation aimed at cutting America's mammoth trade
+deficit, much of which is with Japan.
+    Kuranari has to attend the budget debates the ruling
+Liberal Democratic Party (LDP) have been forced to resume,
+after the opposition accused it of trying to railroad the bill
+through parliament.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8481" NEWID="3568">
+<DATE>11-MAR-1987 09:00:34.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0921&#31;reute
+r f BC-SHANGHAI-PLANS-SOFT-L   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHANGHAI PLANS SOFT LOANS TO FINANCE MAIN PROJECTS</TITLE>
+<DATELINE>    SHANGHAI, March 11 - </DATELINE><BODY>Shanghai plans to rely on soft loans
+to finance a number of large-scale projects in the city
+including an underground railway system, Mayor Jiang Zemin
+said.
+    Jiang told Reuters general manager Michael Nelson that he
+hoped work on the railway system to ease Shanghai's transport
+problems would start within two years.
+    Other projects in this city of 12 mln people include a
+bridge and an extra tunnel under the Huangpu river, a new
+airport and passenger ship terminals and China's biggest
+railway station, due to open at the end of this year.
+    The mayor said foreign companies would be invited to
+participate in some projects through international tendering.
+    But he added that firms hoping to take part would have to
+come up with package deals involving soft loan financing.
+    "This is a complex issue. The conditions relating to
+tendering will have to be associated with conditions for
+receiving soft loans," he said.
+    He said the city was willing to use commercial loans to
+finance technological improvements to factories which could
+show a quick return in increased exports and foreign exchange
+earnings.
+    "But infrastructure projects take much longer and involve
+much bigger investments, and with them, the ideal way is to use
+soft loans," he said.
+    The mayor added that British, French and Japanese firms had
+already contacted the Shanghai authorities with proposals on
+the underground railway project.
+    Western business sources in Shanghai said the project,
+involving the construction of 14 km of tunnelled track, had
+been discussed for over 20 years, adding it was expected to
+cost at least 750 mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8482" NEWID="3569">
+<DATE>11-MAR-1987 09:06:04.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0943&#31;reute
+u f BC-PULITZER-PUBLISHING-C   03-11 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PULITZER PUBLISHING CO &lt;PLTZC> 4TH QTR NET</TITLE>
+<DATELINE>    ST. LOUIS, March 11 -
+    </DATELINE><BODY>Shr 47 cts vs 40 cts
+    Net 4,258,000 vs 5,942,000
+    Revs 92.6 mln vs 77.1 mln
+    Avg shrs 8,977,000 vs 15.0 mln
+    Year
+    Shr 1.22 dlrs vs 1.34 dlrs
+    Net 16.4 mln vs 20.0 mln
+    Revs 329.1 mln vs 272.1 mln
+    Avg shrs 13.5 mln vs 15.0 mln
+    NOTE: Interest expense 4,384,000 dlrs vs 545,000 dlrs in
+quarter and 6,979,000 dlrs vs 2,425,000 dlrs in year.
+    1986 year net reflects undisclosed amount of expenses for
+defense of takeover effort.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8483" NEWID="3570">
+<DATE>11-MAR-1987 09:07:24.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0947&#31;reute
+f f BC-******HUGHES-TOOL-SAY   03-11 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HUGHES TOOL SAYS IT APPROVES REVISED TERMS FOR MERGER WITH BAKER INTERNATIONAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8484" NEWID="3571">
+<DATE>11-MAR-1987 09:11:07.62</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0955&#31;reute
+u f BC-OPEC-REAFFIRMS-COMMIT   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC REAFFIRMS COMMITMENT TO FIXED PRICES, CEILING</TITLE>
+<AUTHOR>    By James Jukwey, Reuters</AUTHOR>
+<DATELINE>    LAGOS, March 11 - </DATELINE><BODY>OPEC has reaffirmed its commitment to
+fixed crude oil prices of around 18 dlrs a barrel and an
+overall output ceiling of 15.8 mln barrels per day (bpd) to
+defend prices, its president Rilwanu Lukman said.
+    He told a news conference here "After due consultation with
+my colleagues in OPEC, I hereby wish to emphasize that Nigeria
+and all member countries of OPEC remain determined to uphold
+the December agreement by adhering strictly to their various
+quotas and official selling prices."
+    Lukman added no extraordinary OPEC conference was planned.
+    "We are in a position to re-confirm that, despite misleading
+news in foreign media to the contrary, ... OPEC member
+countries as a whole produced below their agreed quota in the
+month of February," Lukman, who is Nigerian oil minister, said.
+    Lukman put the overall OPEC output shortfall in February at
+900,000 bpd and said this was as a result of their firm
+determination to defend official selling prices of 18 dlrs
+agreed upon last December in Geneva.
+    The December agreement set an overall output ceiling for
+OPEC of 15.8 mln bpd for first half 1987 and restored fixed
+prices as from February 1 around a reference point of 18 dlrs.
+    Oil prices rallied immediately after the Geneva accord but
+fell again last month on reports that OPEC was producing more
+than the agreed level.
+    "The idea was to suggest that OPEC's agreement would not
+hold and this caused some customers to hold back purchases of
+OPEC oil and resort to destocking to meet their needs," Lukman
+said.
+    He said the 900,000 bpd shortfall last February was based
+on the verified figure for 10 out of OPEC's 13 members, adding
+that Nigeria alone had a shortfall in production of 100,000
+bpd.
+    Iraq disassociated itself from the December agreement,
+while the production figures of Ecuador and the United Arab
+Emirates needed to be verified, Lukman said.
+    "If that is the price we have to pay to make the agreement
+succeed, we are ready ... OPEC is not changing its price level
+of 18 dlrs," the group's president said.
+    He said the OPEC price differentials committee meeting
+formerly postponed to April had been put off indefinitely.
+    "Furthermore, no extraordinary meeting of the conference is
+at the moment contemplated since most agreements reached in
+December are being adhered to," he said.
+    Asked if the committee did not need to meet soon to narrow
+the gaps in the prices of the various OPEC crudes -- fixed in
+relation to the 18 dlr benchmark -- Lukman replied "We consider
+the defence of our prices much more crucial than differentials."
+    Lukman said OPEC was aware that consumers had heavily drawn
+on stocks of both crude oil and refined products to levels well
+below this time last year and soon they would return to the
+market in search of crude.
+    "We don't see that there is going to be any difficulty in
+maintaining the 18 dlr price throughout the rest of the year,"
+Lukman said.
+    The OPEC president praised non-OPEC oil producers, which he
+said had contributed to the group's efforts to stabilise
+prices, but he criticised Britain for maintaining its long-held
+view not to do anything to help the market.
+    "We are quite confident, however, that in the long-term with
+two-thirds of the world's reserves in OPEC hands, the future is
+ours. We will use that advantage responsibly," he said.
+    Lukman described the disruption in Ecuador's output
+following an earthquake as tragic, but refused to say if the
+South American country would be allowed a higher output quota
+when it recovered from the disaster.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8485" NEWID="3572">
+<DATE>11-MAR-1987 09:12:28.24</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0961&#31;reute
+u f BC-DUTCH-PORT-UNION-TO-M   03-11 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH PORT UNION TO MEET PARLIAMENTARIANS TODAY</TITLE>
+<DATELINE>    ROTTERDAM, March 11 - </DATELINE><BODY>Dutch port and transport union, FNV,
+is presenting its case against 800 planned redundancies in
+Rotterdam's general cargo sector to parliament's standing
+committee on social affairs today, a union spokesman said.
+    With 285 of the 4,000-strong workforce on strike, the union
+will tell the committee the government has a duty to help solve
+the dispute that has been disrupting the general cargo sector
+for more than seven weeks, the spokesman added.
+    The union will also take its case against the redundancies,
+350 of them planned for this year, to a court in Amsterdam
+tomorrow, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8486" NEWID="3573">
+<DATE>11-MAR-1987 09:13:12.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0965&#31;reute
+r f BC-QINTEX-AGAIN-EXTENDS   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QINTEX AGAIN EXTENDS PRINCEVILLE &lt;PVDC> OFFER</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>&lt;Qintex America Ltd> said it is again
+extending its offer of 13 dlrs a share for 3.3 mln Princeville
+Development Corp shares until today from yesterday.
+    At midnight yesterday, 7,242,117 Princeville shares had
+been tendered, up from 5,887,165 shares 24 hours earlier.
+    Qintex said it is extending the offer to allow Princeville
+to comply with federal law restricting the ownership of U.S.
+airlines by non-U.S. citizens and to finalize the terms and
+conditions of the letter of credit or bank guarantee required
+under the previously announced acquisition agreement.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8487" NEWID="3574">
+<DATE>11-MAR-1987 09:14:48.60</DATE>
+<TOPICS><D>gold</D><D>silver</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0974&#31;reute
+r f BC-ST.-JOE-GOLD-&lt;SJG>-TO   03-11 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST. JOE GOLD &lt;SJG> TO DEVELOP MINE</TITLE>
+<DATELINE>    CLAYTON, Mo., March 11 - </DATELINE><BODY>St. Joe Gold Corp said it plans to
+proceed with development of its Golden Patricia gold property
+in northwestern Ontario.
+    It said about five mln dlrs will be spent to continue
+underground development and obtain operating permits and
+another 10.2 mln dlrs is expected to be required to complete
+underground development, construct a mill and provide the
+infrastructure needed to put the mine into commercial
+production.
+    St. Joe Gold said if the necessary operating permits were
+granted in time, it would start gold production in the second
+half of the year ending October 31, 1988 at an annual rate of
+about 40,000 troy ounces.
+    The company said the property is estimated to contain over
+500,000 troy ounces of gold, and the initial mining project
+covers only seven of 192 claims, with drill-indicated reserves
+of 293,000 short tons grading 0.88 troy ounce of gold per ton.
+    It said initial mine output is expected to be about 150
+tons of ore daily.
+    St. Joe Gold said the Golden Patricia vein has not been
+tested at depth or along strike to the east and west and
+exploration is continuing on the Golden Patricia property and
+the adjacent wholly-owned Muskeg Lake property.
+    The company also said its Richmond Hill gold and silver
+deposit in the Carbonate district of western South Dakota has
+been shown by drilling to contain about 3,900,000 tons grading
+0.055 troy ounce of gold and 0.23 troy ounce of silver per ton.
+ It said preliminary results are encouraging and a feasibility
+study is nearing completion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8488" NEWID="3575">
+<DATE>11-MAR-1987 09:15:03.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0976&#31;reute
+r f BC-NOVELL-&lt;NOVL>-SETS-TW   03-11 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVELL &lt;NOVL> SETS TWO FOR ONE STOCK SPLIT</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 11 - </DATELINE><BODY>Novell Inc said its board
+declared a two-for-one stock split, payable to holders of
+record at the close of business on MArch 31.
+    It said shareholders at the annual meeting approved a
+doubling of authorized common shares to 30 mln from 15 mln and
+a limitation of directors' liability.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8489" NEWID="3576">
+<DATE>11-MAR-1987 09:15:13.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T
+&#22;&#22;&#1;f0977&#31;reute
+d f BC-FLOOD-THREAT-EASES-IN   03-11 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLOOD THREAT EASES IN SOUTHERN NEW ZEALAND</TITLE>
+<DATELINE>    WELLINGTON, March 11 - </DATELINE><BODY>Thousands of people evacuated from
+two towns in flood-hit southern New Zealand began returning to
+their homes late today as the waters began to recede.
+    A state of emergency had been declared in Southland
+province apart from the city of Invercargill and its port,
+Bluff, as rivers rose over four meters above normal after
+torrential rain.
+    Local officials in the farming province said stock losses
+were "miraculously low" but they expect major crop destruction.
+    Roads and rail links were cut and Invercargill airport was
+closed. Part of neighbouring Otago province also had a state of
+emergency with some rivers well above normal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8490" NEWID="3577">
+<DATE>11-MAR-1987 09:15:35.46</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0979&#31;reute
+u f BC-AGENCY-TO-REVIEW-JOHN   03-11 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AGENCY TO REVIEW JOHNSON/JOHNSON &lt;JNJ> SWEETNER</TITLE>
+<DATELINE>    NEW BRUNSWICK, March 11 - </DATELINE><BODY>Johnson and Johnson said the U.S.
+Food and Drug Administration has notified the company its food
+additive petition for a high-intensity sweetener has been
+formally accepted and now will be reviewed by the agency.
+    The company said the product, with the generic name of
+sucralose, is made from sugar and tastes like sugar, but is
+about 600 times sweeter.
+    It yields no calories and does not promote tooth decay.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8491" NEWID="3578">
+<DATE>11-MAR-1987 09:16:25.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0984&#31;reute
+u f BC-HEART-FEDERAL-&lt;HFED>   03-11 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEART FEDERAL &lt;HFED> SETS TWO FOR ONE SPLIT</TITLE>
+<DATELINE>    AUBURN, Calif., March 11 - </DATELINE><BODY>Heart Federal Savings and Loan
+Association said its board declared a two-for-one stock split,
+payable April 30 to holders of record April 15.
+    The company said the split is subject to shareholder
+approval at the April 15 annual meeting of an increase in
+authorized common shares to 10 mln from five mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8492" NEWID="3579">
+<DATE>11-MAR-1987 09:16:43.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0986&#31;reute
+d f BC-NOVO-INDUSTRI-A/S-(NV   03-11 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVO INDUSTRI A/S (NVO.CO) YEAR 1986</TITLE>
+<DATELINE>    COPENHAGEN, March 11 -
+    </DATELINE><BODY>Pre-tax income 788 mln Danish crowns vs 872 mln
+    Sales 4.21 billion crowns vs 4.11 billion
+    Income after tax 521 mln crowns vs 604 mln
+    Earnings per 20-crown share 20.45 crowns vs 23.79
+    Dividend 20 pct (unchanged).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8493" NEWID="3580">
+<DATE>11-MAR-1987 09:17:00.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0989&#31;reute
+s f BC-OVERMYER-CORP-&lt;OMCO>   03-11 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OVERMYER CORP &lt;OMCO> REGULAR DIVIDEND</TITLE>
+<DATELINE>    WINCHESTER, Ind., March 11 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts in prior qtr
+    Payable March 31
+    Record March 23
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8494" NEWID="3581">
+<DATE>11-MAR-1987 09:19:14.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G L
+&#22;&#22;&#1;f0997&#31;reute
+d f BC-EC-COURT-RULES-IN-FAV   03-11 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COURT RULES IN FAVOUR OF CHEAP BUTTER PLAN</TITLE>
+<DATELINE>    BRUSSELS, March 11 - </DATELINE><BODY>The European Court in Luxembourg has
+ruled a so-called "Christmas butter" scheme, under which surplus
+stocks were sold off cheaply, did not infringe European
+Community (EC) rules, a Commission spokesman said.
+    The spokesman said the Court rejected a case brought by
+three European margarine manufacturers which argued the EC
+Executive Commission did not have the power to launch the
+scheme in October 1984 without approval from EC ministers.
+    The plan was aimed at offloading 200,000 tonnes of butter
+from a one mln tonne stockpile at a specially reduced price of
+1.6 European currency units per kilogram.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8495" NEWID="3582">
+<DATE>11-MAR-1987 09:24:28.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0008&#31;reute
+d f BC-UNIFORCE-TEMPORARY-PE   03-11 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIFORCE TEMPORARY PERSONNEL INC &lt;UNFR> 4TH QTR</TITLE>
+<DATELINE>    NEW HYDE PARK, N.Y., March 11 -
+    </DATELINE><BODY>Shr 18 cts vs 14 cts
+    Net 556,036 vs 403,945
+    Sales 15.6 mln vs 13.6 mln
+    Avg shrs 3,132,555 vs 2,934,285
+    Year
+    Shr 60 cts vs 48 cts
+    Net 1,805,229 vs 1,400,247
+    Sales 60.1 mln vs 52.3 mln
+    Avg shrs 3,012,917 vs 2,940,219
+    NOTE: 1985 share data adjusted to reflect three for two
+stock split effective June 30, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8496" NEWID="3583">
+<DATE>11-MAR-1987 09:28:06.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0015&#31;reute
+d f BC-JAPAN-}O-CURB-VEHICLE   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO CURB VEHICLE EXPORTS TO EC</TITLE>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Japanese car makers will curb their
+exports to the European Community (EC) following an unofficial
+directive from the Ministry of International Trade and Industry
+(MITI), automobile industry sources said.
+    Some sources said exports to the EC this year are likely to
+be at most unchanged from last year's 1.10 mln units and may
+even fall due to an anticipated slackening of EC economic
+growth and increasing trade friction.
+    Last week, MITI vice minister for international affairs
+Makoto Kuroda said the ministry had asked car makers to
+exercise prudence in exporting to Europe.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8497" NEWID="3584">
+<DATE>11-MAR-1987 09:29:08.12</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0017&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-11 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 106 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>The Bank of England said it gave the
+money market assistance worth 106 mln stg this afternoon,
+buying bank bills at the rates established on Monday.
+    The Bank bought 11 mln stg of band one bills at 10-3/8 pct
+and 95 mln stg of band two paper at 10-5/16 pct. This is the
+first time that it has intervened today.
+    The Bank has revised its estimate of the liquidity shortage
+in the market down to 250 mln stg from 300 mln initially.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8498" NEWID="3585">
+<DATE>11-MAR-1987 09:29:47.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0019&#31;reute
+u f BC-PIC'N'SAVE-CORP-&lt;PICN   03-11 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIC'N'SAVE CORP &lt;PICN> 4TH QTR NET</TITLE>
+<DATELINE>    CARSON, Calif., March 11 -
+    </DATELINE><BODY>Shr 45 cts vs 50 cts
+    Net 18.0 mln vs 19.9 mln
+    Sales 116.1 mln vs 108.8 mln
+    Year
+    Shr 1.01 dlrs vs 1.04 dlrs
+    Net 39.8 mln vs 41.1 mln
+    Sales 304.5 mln vs 278.1 mln
+    NOTE: Share adjusted for three-for-two split in June 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8499" NEWID="3586">
+<DATE>11-MAR-1987 09:30:17.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0020&#31;reute
+f f BC-******GOODYEAR-TIRE-T   03-11 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GOODYEAR TIRE TO RECEIVE 588 MLN DLRS FOR GOODYEAR AEROSPACE FROM LORAL CORP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8500" NEWID="3587">
+<DATE>11-MAR-1987 09:31:04.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0022&#31;reute
+b f BC-******HUGHES-TOOL-SAY   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES TOOL &lt;HT> BOARD APPROVES MERGER</TITLE>
+<DATELINE>    HOUSTON, March 11 - </DATELINE><BODY>Hughes Tool Co said its board voted at
+a special meeting last night to approve a new agreement with
+regulators that would allow the company to complete its
+proposed merger with Baker International Corp &lt;BKO>.
+    The agreement, approved by the U.S. Department of Justice
+yesterday, will give the merged company, Baker Hughes, six
+months instead of three to sell certain assets.
+    The pact also allows a three-month extension, if warranted,
+and limits the obligation of the new company to give financial
+support to the businesses to be divested, pending their sale.
+    The company said its board recommended that shareholders
+approve the merger of the oilfield service companies. A
+previously adjourned meeting of Hughes Tool stockholders will
+be resumed this afternoon, it said.
+    "Hughes will work with Baker and the Justice Department
+towards negotiating the final form of the consent decree and
+filing it as soon as possible," the company said in a
+statement. Closing of the merger would occur immediately after
+the filing, it said.
+    The assets to be sold under the consent decree consist of
+Baker's domestic oilfield drilling bit business and its
+domestic submersible electric pump business. Baker has an
+agreement to sell the pump business to Trico Industries Inc
+&lt;TRO>.
+    The financial terms of the merger are unchanged, a Hughes
+spokesman said. Under those terms, each Baker common share and
+Hughes common share would be converted into one share and 8/10
+of a share, respectively, of Baker Hughes Inc, which would be
+formed as a new holding company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8501" NEWID="3588">
+<DATE>11-MAR-1987 09:32:58.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0035&#31;reute
+r f BC-LORIMAR-TELEPICTURES   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LORIMAR TELEPICTURES &lt;LT> EXECUTIVES RESIGN</TITLE>
+<DATELINE>    CULVER CITY, Calif., March 11 - </DATELINE><BODY>Lorimar Telepictures Corp
+said it accepted resignations of three executives at
+Karl-Lorimar Home Video, its wholly owned subsidiary.
+    The company said Stuart Karl, president and chief executive
+officer; Court Shannon, executive vice president, and Gary
+Hunt, vice president sales, resigned effective immediately.
+    Lorimar said it had been reviewing possible conflicts of
+interest involving the departing executives with an unnamed
+outside service organization. Lorimar declined to explain the
+nature of the conflict or the amount involved.
+   
+    The company said a settlement has been reached between the
+parties and and Karl Lorimar, which includes a settlement of
+the employment contract between Lorimar and Stuart Karl. No
+employment contracts exists with the other executives, the
+company said.
+    The company said Jerry Gottlieb, senior vice president,
+Lorimar-Telepictures, will serve as acting chief executive
+officer of Karl Lorimar video. Gottlieb joined Lorimar as
+senior vice president in 1985.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8502" NEWID="3589">
+<DATE>11-MAR-1987 09:34:17.32</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0037&#31;reute
+r f BC-AGENCY-TO-REVIEW-JOHN   03-11 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AGENCY TO REVIEW JOHNSON AND JOHNSON SWEETENER</TITLE>
+<DATELINE>    NEW BRUNSWICK, March 11 - </DATELINE><BODY>Johnson and Johnson said the U.S.
+Food and Drug Administration has notified the company its food
+additive petition for a high-intensity sweetener has been
+formally accepted and now will be reviewed by the agency.
+    The company said the product, with the generic name of
+sucralose, is made from sugar and tastes like sugar, but is
+about 600 times sweeter.
+    It yields no calories and does not promote tooth decay.
+    Johnson and Johnson said the sweetner is being jointly
+developed with Tate and Lyle PLC &lt;TATL>.
+    Tate and Lyle is seeking approval in Canada, the United
+Kingdom and other European countries, Johnson and Johnson said.
+The company noted its petition covering the product and its
+safety evaluation were submitted to the FDA last month.
+    While awaiting FDA approval, the company said, it is
+proceeding with plans for commercialization through its McNeil
+Specialty Products Co subsidiary.
+    Johnson and Johnson said it is operating under a licensing
+agreement with Tate and Lyle, whose collaborative research with
+scientists at Queen Elizabeth College in London led to the
+discovery of Sucralose in 1976.
+    Patents and licensing agreements control the use of
+sucralose through the year 2001, Johnson and Johnson said.
+    Sucralose is a chlorinated derivative of ordinary sugar.
+The carbon-chloride bonds in sucralose are stable and are not
+broken during digestion or metabolism.
+    Sucralose is essentially not metabollized by the body. The
+chlorine content enhances sweetness without providing calories.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8503" NEWID="3590">
+<DATE>11-MAR-1987 09:34:34.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>nicaragua</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0038&#31;reute
+r f PM-REAGAN (SCHEDULED)  03-11 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATORS, PROSECUTOR DISAGREE ON IRAN TESTIMONY</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Senators and a special prosecutor
+were in dispute today over a legal maneuver to force quick
+answers from key figures in the Iran arms scandal and the
+diversion of profits to Nicaraguan rebels.
+    Senators on a special Senate committee investigating the
+scandal want to grant limited immunity from prosecution to
+force early testimony from Lt. Col. Oliver North and John
+Poindexter.
+    North is the National Security Council (NSC) aide President
+Reagan fired November 25 for possibly illegal diversion of Iran
+arms payments to the so-called contra rebels. Poindexter, who
+was NSC director and North's boss, resigned the same day. 
+    The Washington Post said over the weekend that Poindexter
+was ready to testify that he told Reagan twice of the funds
+diversion, contrary to Reagan's denial that he knew of it.
+    Special prosecutor Lawrence Walsh said he asked a special
+House committee yesterday to delay limited immunity for North
+and Poindexter for at least 90 days, and would make the same
+request to the Senate committee today.
+    Walsh said he was also urging the committees to delay
+granting immunity for a third key figure, retired Air Force
+Maj. Gen. Richard Secord, a close North associate.
+    Walsh, whose job is to determine whether anyone should be
+prosecuted for criminal misconduct, said premature immunity
+could put the three beyond the law before a grand jury can
+decide whether they should be prosecuted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8504" NEWID="3591">
+<DATE>11-MAR-1987 09:35:25.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0043&#31;reute
+b f BC-******HANSON-TRUST-PL   03-11 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HANSON TRUST PLC UNIT TO SELL KAISER CEMENT TERMINAL AND PLANT FOR 50 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8505" NEWID="3592">
+<DATE>11-MAR-1987 09:36:00.75</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y E
+&#22;&#22;&#1;f0045&#31;reute
+u f BC-TRITON-ENERGY-&lt;OIL>-A   03-11 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRITON ENERGY &lt;OIL> AFFILIATE IN CANADIAN FIND</TITLE>
+<DATELINE>    DALLAS, March 11 - </DATELINE><BODY>Triton Energy Corp said its 70 pct owned
+&lt;Canadian Worldwide Energy Ltd> affiliate's Lasmo et al
+Tableland 4-36-2-10W2 well in Saskatchewan flowed 567 barrels
+of 37 degree gravity oil through a 17/64 inch choke from depths
+of 8,531 to 8,548 feet and 636 barrels of oil per day through a
+20/64 inch choke from depths of 8,500 to 8,507 feet.
+    Triton said because of the well's status as a deep
+exploratory well, production qualifies for a five-year royalty
+holiday under the Saskatchewan drilling incentive products.
+    It said the well's initial production is expected to be
+restricted to an allowable level of about 300 barrels a day,
+although it is capable of sustaining much higher rates.
+    The company said London and Scottish Marine Oil PLC owns a
+50 pct interest in the well and its spacing unit, Canadian
+Worldwide 25 pct, &lt;Saskatchewan Oil and Gas Corp> 10 pct,
+&lt;Interprovincial Pipeline Ltd's> Home Oil Co Ltd 7.5 pct and
+Scurry-Rainbow Oil Ltd &lt;SRB> 7.5 pct.
+    Triton said Royal Dutch/Shell Group's &lt;RD> &lt;SC> Shell
+Canada Ltd &lt;SHC> affiliate retains a convertible overriding
+interest in the well.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8506" NEWID="3593">
+<DATE>11-MAR-1987 09:37:34.39</DATE>
+<TOPICS><D>trade</D><D>money-fx</D><D>cpi</D><D>reserves</D></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0047&#31;reute
+u f BC-HUNGARY-HOPES-DEVALUA   03-11 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNGARY HOPES DEVALUATION WILL END TRADE DEFICIT</TITLE>
+<AUTHOR>    By David Lewis, Reuters</AUTHOR>
+<DATELINE>    BUDAPEST, March 11 - </DATELINE><BODY>National Bank of Hungary first
+vice-president Janos Fekete said he hoped a planned eight pct
+devaluation of the forint will spur exports and redress last
+year's severe trade deficit with the West.
+    Fekete told Reuters in an interview Hungary must achieve at
+least equilibrium on its hard currency trade.
+    "It is useful to have a devaluation," he said. "There is now a
+real push to our exports and a bit of a curb to our imports."
+    The official news agency MTI said today Hungary would
+devalue by eight pct and it expected the new rates to be
+announced later today. Fekete said the rates would come into
+effect tomorrow.
+    He said one reason for the devaluation was that Hungary had
+a higher rate of inflation over the past two years than its
+main partners (around eight pct in 1985 and between five and
+5.5 pct in 1986).
+    This was partly an after-effect of action Hungary took to
+prevent inflation from soaring during the oil price shocks of
+the 1970s, he added.
+    Hungary devalued by a similar amount last September and by
+between three and four pct early last year.
+    But the country's hard currency trade balance nevertheless
+fell into a deficit of 539.4 mln dlrs from a surplus of 295.3
+mln in 1986 and 1.2 billion in 1985.
+    Fekete said Hungary was hoping for a hard currency trade
+surplus of between 200 and 300 mln dlrs this year, but that a
+more likely outcome would be closer to equilibrium on total
+hard currency trade of around 10 billion dlrs.
+    One Western commercial attache here said: "Devaluation of
+itself will not change anything. It will only be useful if they
+also make efforts to restructure industry and improve the
+quality of their export goods."
+    Fekete said he hoped to raise credits on good terms this
+year to invest in restructuring industry.
+    It would be his role to persuade international banks to
+cooperate in this process. He noted Hungary had been given an
+AA rating enabling it to raise money on the Japanese Samurai
+bond market.
+    Hungary's net hard currency debt soared to 7.79 billion
+dlrs last year from 5.01 billion in 1985, partly because of a
+current account deficit of 1.42 billion dlrs and partly because
+the fall in the dollar increased the dollar value of debt
+denominated in marks or yen.
+    He said he feared net debt would also rise slightly this
+year, but he was in favour of borrowing for the purpose of
+modernisation.
+    "I am for credits to invest for that purpose," he said. "I am
+against credits for consumption." He forecast gross domestic
+product growth of two pct this year, from one pct in 1986.
+   Fekete said Hungary would continue to restructure its debt
+profile by prepaying high interest shorter and medium term
+loans with cheaper long term money for which it was looking
+more and more to the fixed interest rate bond market, where he
+considered rates to be low.
+    Hard currency foreign exchange reserves would stay at
+around 3.5 billion dlrs, he said. On the budget deficit, which
+tripled to a provisional 47 billion forints last year after
+quadrupling in 1985, Fekete said the finance ministry was
+working out measures to reduce an approved target deficit for
+this year of 43.8 billion forints to between 30 and 35 billion
+forints.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8507" NEWID="3594">
+<DATE>11-MAR-1987 09:39:59.17</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0049&#31;reute
+u f BC-ECUADOR-DEPUTY-MINIST   03-11 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR DEPUTY MINISTER SEEKS OIL AID IN VENEZUELA</TITLE>
+<DATELINE>    CARACAS, March 11 - </DATELINE><BODY>Ecuador's deputy energy minister
+Fernando Santos Alvite arrived here last night for talks on
+further Venezuelan assistance to his country's oil industry
+following last week's earthquake, officials said.
+    Ecuador was obliged to suspend crude oil exports for an
+expected five months as a result of damage to 25 miles of
+pipeline linking its jungle oil fields with the Pacific port of
+Balao. Oil normally accounts for 60 pct of its exports.
+    Fellow OPEC member Venezuela has already agreed to lend
+Ecuador five mln barrels of crude, to be repaid in kind after
+180 days, to help meet its domestic consumption needs.
+    The officials could neither confirm nor deny reports that
+Venezuela will temporarily produce Ecuador's entire OPEC quota,
+set at 210,000 barrels per day for first half 1987.
+    "All options are open at this moment in the context of
+cooperation on oil production," a Venezuelan energy and mines
+ministry source said.
+    Discussions are also under way to arrive at a formula to
+compensate Ecuador for the loss in oil export revenue while the
+pipeline is repaired, officials said.
+    Santos Alvite last night met Venezuelan energy and mines
+minister Arturo Hernandez Grisanti and will today hold talks at
+technical level, officials said.
+    Industry sources said that among the options are for
+Venezuela to produce Ecuador's entire quota, or for Venezuela
+and non-OPEC Mexico to share it and for the latter to supply
+Ecuador's Far Eastern clients.
+    But the ministry source said that no decision has yet been
+reached on the matter, and that an announcement would be made
+in due course.
+    Santos Alvite said earlier in Quito that Ecuador would have
+to import six to seven mln barrels of crude oil to meet its
+needs until the line was repaired.
+    Ecuador energy and mines minister Javier Espinosa Teran
+said last night his country needs 120 mln dlrs to repair the
+damage to the export pipeline caused by the earthquake.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8508" NEWID="3595">
+<DATE>11-MAR-1987 09:40:04.09</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0050&#31;reute
+u f BC-slaughter-guesstimate   03-11 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, March 11 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 295,000 to 308,000 head versus
+305,000 week ago and 308,000 a year ago.
+    Cattle slaughter is guesstimated at about 128,000 to
+132,000 head versus 130,000 week ago and 126,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8509" NEWID="3596">
+<DATE>11-MAR-1987 09:44:32.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0071&#31;reute
+b f BC-/GOODYEAR-&lt;GT>-TO-REC   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODYEAR &lt;GT> TO RECEIVE 588 MLN DLRS FOR UNIT</TITLE>
+<DATELINE>    AKRON, Ohio, March 11 - </DATELINE><BODY>Goodyear Tire and Rubber Co said it
+will receive about 588 mln dlrs in cash from Loral Corp &lt;LOR>
+for the business of Goodyear Aerospace Corp.
+    Goodyear said the previously announced acquisition by Loral
+is expected to be completed March 13. When Loral announced the
+transaction January 12, the company said it was paying 640 mln
+dlrs for Goodyear Aerospace.
+    Goodyear said the price it will receive is after
+adjustments for such items as pension and benefits provision,
+allocation of liabilities and asset valuations. Last year
+Goodyear Aerospace had revenues of 695 mln dlrs.               
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8510" NEWID="3597">
+<DATE>11-MAR-1987 09:46:02.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0079&#31;reute
+h f BC-VEBA'S-RAAB-KARCHER-R   03-11 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VEBA'S RAAB KARCHER RAISES 1986 OPERATING PROFIT</TITLE>
+<DATELINE>    ESSEN, West Germany, March 11 - </DATELINE><BODY>Raab Karcher AG, a trading
+subsidiary of VEBA AG &lt;VEBG.F>, said it increased operating
+profit in 1986 despite a sharp decline in turnover, and added
+there were good chances this profit level could be held in
+1987.
+    Operating profit rose to just under 120 mln marks in 1986,
+from around 100 mln in 1985.
+    However, the group's third party sales fell sharply to 7.2
+billion marks from 9.4 billion the year before, largely due to
+lower prices for energy products, particularly oil and coal,
+managing board chairman Klaus Giesel told a news conference.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8511" NEWID="3598">
+<DATE>11-MAR-1987 09:47:22.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0086&#31;reute
+u f BC-HOVNANIAN-ENTERPRISES   03-11 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOVNANIAN ENTERPRISES &lt;HOV> SPLITS STOCK</TITLE>
+<DATELINE>    RED BANK, N.J., March 11 - </DATELINE><BODY>Hovnanian Enterprises Inc said
+its board of directors has declared a two-for-one split of its
+outstanding common stock.
+    The company said shareholders will receive one additional
+share for each share held at the close of business on March 23,
+1987 and additional shares will be distributed on April 13,
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8512" NEWID="3599">
+<DATE>11-MAR-1987 09:47:50.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0088&#31;reute
+d f BC-BRITISH-AEROSPACE-RAI   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AEROSPACE RAISES SYSTEM DESIGNERS STAKE</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>British Aerospace Plc &lt;BAEL.L> said it
+has increased its stake in &lt;Systems Designers Plc> to 22.1 pct
+or 25.46 mln ordinary shares following the purchase of 10.45
+mln ordinary shares.
+    The British Aerospace Pension Fund holds 2.15 mln ordinary
+shares in Systems, representing a stake of 1.9 pct.
+    A spokesman for British Aerospace said it has no present or
+future intention of making a full bid for Systems Designers.
+System Designers shares were nine pence higher at 100 prior to
+the share stake announcement, and have showed little movement
+since.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8513" NEWID="3600">
+<DATE>11-MAR-1987 09:48:16.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0090&#31;reute
+r f BC-CIGNA-CORP-&lt;CI>-SETS   03-11 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIGNA CORP &lt;CI> SETS DATE FOR DEBT REDEMPTION</TITLE>
+<DATELINE>    PHILADELPHIA, March 11 - </DATELINE><BODY>CIGNA Corp said it has fixed April
+24 as the date for the previously-announced redemption of its
+99.8 mln dlrs of outstanding eight pct subordinated
+exchangeable debentures due December 1, 2007 at 105.867 pct of
+par plus accrued interest.
+    The debentures are exchangeable through the redemption date
+into 29.205 common shares of PaineWebber Group Inc &lt;PWJ> for
+each 1,000 dlrs principal amount.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8514" NEWID="3601">
+<DATE>11-MAR-1987 09:48:57.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0094&#31;reute
+u f BC-ESSELTE-BUSINESS-SYST   03-11 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSELTE BUSINESS SYSTEMS INC &lt;ESB> UPS PAYOUT</TITLE>
+<DATELINE>    GARDEN CITY, N.Y., March 11 -
+    </DATELINE><BODY>Qtly div 18 cts vs 14 cts prior
+    Pay March 31
+    Record March 25
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8515" NEWID="3602">
+<DATE>11-MAR-1987 09:49:04.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0095&#31;reute
+u f BC-KATY-INDUSTRIES-INC-&lt;   03-11 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KATY INDUSTRIES INC &lt;KT> 4TH QTR NET</TITLE>
+<DATELINE>    ELGIN, ILL., March 11 -
+    </DATELINE><BODY>Oper shr profit 32 cts vs loss 66 cts
+    Oper net profit 2,454,000 vs loss 3,558,000
+    Sales 96.1 mln vs 91.4 mln
+    Year
+    Oper shr profit 72 cts vs loss 63 cts
+    Oper net profit 6,495,000 vs loss 1,833,000
+    Sales 368.1 mln vs 322.1 mln
+    NOTE: Earnings exclude losses from discontinued
+consolidated operations of 460,000 dlrs, or eight cts a share
+vs 5,364,000 dlrs, or 86 cts a share in the quarter and
+11,334,000 dlrs, or 1.82 dlrs a share vs 11,637,000 dlrs, or
+1.88 dlrs a share for the year
+    Earnings exclude a loss on the sale of discontinued
+consolidated operations of 200,000 dlrs, or three cts a share
+in the 1986 quarter and a loss of 4,960,000 dlrs, or 80 cts a
+share vs a gain of 4,404,000 dlrs, or 71 cts a share for the
+year
+    NOTE: 1985 earnings exclude losses from discontinued
+unconsolidated operations of 5,488,000 dlrs, or 89 cts a share
+in each period
+    1985 earnings exclude gain from termination of defined
+benefit pension plan of 490,000 dlrs, or eight cts a share in
+the quarter and 1,438,000 dlrs, or 23 cts a share for the year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8516" NEWID="3603">
+<DATE>11-MAR-1987 09:49:30.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0099&#31;reute
+r f BC-&lt;PMI-FUND-INC>-SETS-M   03-11 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PMI FUND INC> SETS MONTHLY DIVIDENDS</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>PMI Fund Inc said its board declared
+monthly dividends of six cts for April, four cts for May, five
+cts for June, seven cts for July and six cts for August.
+    The fund, which customarily omits dividends in March and
+September, last paid six cts in February.  Dividends declared
+today are payable April Three, May Six, June Four, July Three
+and August Six to holders of record March 23, April 17, May 15,
+June 12 and July 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8517" NEWID="3604">
+<DATE>11-MAR-1987 09:50:03.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0102&#31;reute
+r f BC-MERRY-GO-ROUND-ENTERP   03-11 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRY-GO-ROUND ENTERPRISES INC &lt;MGRE> 4TH QTR</TITLE>
+<DATELINE>    TOWSON, Md., March 11 - </DATELINE><BODY>Jan 31 end
+    Shr 51 cts vs 38 cts
+    Net 3,254,000 vs 2,423,000
+    Sales 65.9 mln vs 51.1 mln
+    Year
+    Shr 1.18 dlrs vs 1.15 dlrs
+    Net 7,485,000 vs 7,285,000
+    Sales 207.5 mln vs 164.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8518" NEWID="3605">
+<DATE>11-MAR-1987 09:50:13.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0103&#31;reute
+r f BC-TENERA-LP-&lt;TLPZV>-SET   03-11 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENERA LP &lt;TLPZV> SETS INITIAL QUARTERLY</TITLE>
+<DATELINE>    BERKELEY, Calif., March 11 - </DATELINE><BODY>TENERA LP said it will make an
+initial quarterly distribution of 17 cts per unit on April 15
+to holders of record March 31.
+    The partnership said the dividend is greater than it had
+expectd to pay and was warranted by fourth quarter results and
+anticipated results for this year's first quarter.
+    TENERA said it expects a comparable distribution for the
+second quarter.  It said about 13 cts per share of the first
+quarter amount will be taxable income.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8519" NEWID="3606">
+<DATE>11-MAR-1987 09:54:05.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0122&#31;reute
+b f BC-BANCA-NAZIONALE-DEL-L   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCA NAZIONALE DEL LAVORO LAUNCHES BOND/WARRANTS</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Banca Nazionale del Lavoro (London
+branch) is issuing a 120 mln dlr, five-year straight bond with
+equity warrants, lead manager Credit Suisse First Boston Ltd
+said.
+    The issue, which matures April 3, 1992, has an indicated
+coupon of 5-1/2 to six pct and par pricing. Fees total 2-1/4
+pct and listing will be in Luxembourg. Payment date is April 2.
+    The bonds will be sold in denominations of 1,000 dlrs with
+one warrant attached, which will be exercisable between April
+15, 1987 and April 3, 1992.
+    Each warrant will entitle the holder to purchase 45 savings
+shares of EFI Banca at a premium of about 10 pct above the
+closing price on the Milan Stock Exchange on or before March
+17.
+    EFI is a medium-term credit institution, about 36-1/2 pct
+owned by Banca Nazionale del Lavoro.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8520" NEWID="3607">
+<DATE>11-MAR-1987 09:54:35.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0123&#31;reute
+u f BC-HANSON-&lt;HAN>-UNIT-TO   03-11 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANSON &lt;HAN> UNIT TO SELL KAISER TERMINAL/PLANT</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Hanson Industries, the U.S. arm of
+Hanson Trust PLC &lt;HAN>, said it has proposed to sell, in
+separate transactions, Kaiser Cement's Northwest Terminals and
+Montana City plant, to Lone Star Industries Inc &lt;LCE> and &lt;Ash
+Grove Cement West Inc>, respectively for a total of 50.2
+mln dlrs.
+    Hanson said the deals are subject to normal conditions of
+closing.
+    Hanson Industries completed the purchase of Kaiser Cement
+on March 3, for about 250 mln dlrs.
+    Hanson said Kaiser Cement is now an indirect wholly owned
+unit of Hanson Trust and forms part of its building products
+group.
+    "These sales are a continuation of an asset redeployment
+program at Kaiser Cement and will allow Kaiser to concentrate
+its efforts in the California marketplace, where it is the
+largest cement producer and holds a premiere market position,"
+Hanson Industries chairman Gordon White said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8521" NEWID="3608">
+<DATE>11-MAR-1987 09:59:04.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0141&#31;reute
+d f BC-CANADA-SETS-GRANT-FOR   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA SETS GRANT FOR EUREKA RESEARCH</TITLE>
+<DATELINE>    OTTAWA, March 11 - </DATELINE><BODY>The federal government said Calmos
+Systems Inc will be given 3,075,000 Canadian dlrs to join the
+European consortium Eureka in a research project involving
+integrated circuit boards.
+    The Kanata, Ontario based microchip manufacturer was the
+first company to qualify under Ottawa's 20 mln dlr fund called
+the Technology Opportunitie in Europe Program. Other grants
+will be announced shortly, the government said.
+    In a statement, Calmos said it and its European partner,
+European Silicon Structures, expects to use the research to
+improve the design of silicon chips.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8522" NEWID="3609">
+<DATE>11-MAR-1987 10:00:03.84</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0143&#31;reute
+u f BC-ECUADOR-DEPUTY-MINIST   03-11 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR OFFICIAL SEEKS OIL AID IN VENEZUELA</TITLE>
+<DATELINE>    CARACAS, March 11 - </DATELINE><BODY>Ecuador's deputy energy minister
+Fernando Santos Alvite arrived here last night for talks on
+further Venezuelan assistance to his country's oil industry
+following last week's earthquake, officials said.
+    Ecuador was obliged to suspend crude oil exports for an
+expected five months as a result of damage to 25 miles of
+pipeline linking its jungle oil fields with the Pacific port of
+Balao. Oil normally accounts for 60 pct of its exports.
+    Fellow OPEC member Venezuela has already agreed to lend
+Ecuador five mln barrels of crude, to be repaid in kind after
+180 days, to help meet its domestic consumption needs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8523" NEWID="3610">
+<DATE>11-MAR-1987 10:00:54.35</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0146&#31;reute
+f f BC-******U.S.-4TH-QTR-BA   03-11 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. 4TH QTR BALANCE OF PAYMENTS TRADE DEFICIT WAS RECORD 38.37 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8524" NEWID="3611">
+<DATE>11-MAR-1987 10:03:41.79</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0160&#31;reute
+f f BC-******NY-TRADERS-SAY   03-11 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NY TRADERS SAY E.C. SOLD 71,000 TONNES  OF WHITE SUGAR AT TENDER.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8525" NEWID="3612">
+<DATE>11-MAR-1987 10:06:15.67</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0172&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-11 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN LATE HELP OF 240 MLN STG</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>The Bank of England said it provided the
+money market with unspecified late assistance of around 240 mln
+stg.
+    This brings its total assistance on the day to 346 mln stg
+compared with a liquidity shortfall it estimated at a revised
+250 mln stg.
+    Overnight interbank sterling was being offered at eight pct
+shortly after the Bank's announcement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8526" NEWID="3613">
+<DATE>11-MAR-1987 10:07:00.98</DATE>
+<TOPICS><D>copper</D><D>earn</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0173&#31;reute
+u f BC-OUTOKUMPU-RESTRUCTURE   03-11 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OUTOKUMPU RESTRUCTURES COPPER DIVISION</TITLE>
+<DATELINE>    HELSINKI, March 11 - </DATELINE><BODY>Finland's mining and metals group
+Outokumpu Oy &lt;OUTO.HE>, which last week reported a 1986 loss of
+83 mln markka after three successive years of profits, said it
+restructured its key copper processing division in an attempt
+to rationalize production and improve profitability.
+    Outokumpu's Managing Director Pertti Voutilainen told a
+news conference the reorganization involved a split of the
+division into a new independent division with six profit
+centres.
+    Outokumpu group had a 1986 loss before appropriations and
+taxes of 83 mln markka after a profit of 355 mln in 1985. It
+had profits in 1984 and 1983 but a loss, 171.2 mln, in 1982.
+    Outokumpu acquired two Swedish copper manufacturers in
+January 1986, &lt;Metallverken Ab> and &lt;Wirsbo Bruks Ab>, that
+were merged into its copper processing division.
+    The division had a turnover of 3.2 billion markka last
+year, 42 pct of Outokumpu's group turnover of 7.58 billion.
+    The new Outokumpu division, called Copper Products
+Industry, is to incorporate Outokumpu's copper production
+plants, including its two U.S. Subsidiaries &lt;Nippert Co> and
+&lt;Valleycast Inc>, as well as Metallverken and part of Wirsbo.
+    Outokumpu is planning to make Wirsbo an independent
+division in the Outokumpu group and transfer only Wirsbo's
+copper tube production into one of the new division's profit
+centres. A definite decision on Wirsbo will be taken later this
+year.
+    The new division will have production plants in Finland,
+Sweden, Norway, the Netherlands and the U.S.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8527" NEWID="3614">
+<DATE>11-MAR-1987 10:07:18.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0175&#31;reute
+u f BC-CHILE-SET-FOR-RENEGOT   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILE SET FOR RENEGOTIATION ON OFFICIAL DEBT</TITLE>
+<DATELINE>    SANTIAGO, March 11 - </DATELINE><BODY>Chile will open talks next month with
+international lending agencies on the renegotiation of 150 mln
+dlrs of official debts due for repayment in 1987 and 1988, the
+influential Mercurio newspaper reported.
+    The newspaper, quoting official sources, said the terms
+sought will be similar to those agreed with the country's
+commercial banks last month.
+    Chile reached agreement with bank creditors on the
+rescheduling of some 10.6 billion dlrs of debt, maturing
+between 1988 and 1991, over 15-1/2 years, with six years'
+grace. Interest was set at one pct over Libor.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8528" NEWID="3615">
+<DATE>11-MAR-1987 10:10:08.03</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0183&#31;reute
+b f BC-/U.S.-TRADE-DEFICIT-3   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TRADE DEFICIT 38.37 BILLION DLRS IN 4TH QTR</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The U.S. merchandise trade deficit
+on a balance of payments basis was a record 38.37 billion dlrs
+in the October to December fourth quarter, the Commerce
+Department said.
+    The record trade shortfall came after a revised 37.15
+billion dlr third quarter deficit. The department previously
+reported the third quarter deficit was 37.67 billion dlrs.
+    For the full year 1986, the merchandise trade deficit was a
+record 147.7 billion dlrs, up from 124.4 billion dlrs in 1985,
+the department said.
+    During the final quarter last year imports rose 2.78
+billion dlrs or three pct to 95.7 billion dlrs, while exports
+rose 1.56 billion dlrs or three pct to 57.33 billion dlrs.
+    The trade report on a balance of payments basis excludes
+such factors as military sales and the costs of shipping and
+insurance.
+    The Commerce Department said non-petroleum imports in the
+quarter were up 2.7 billion dlrs or three pct to 87.7 billion
+dlrs, with the largest increases in consumer goods, which rose
+1.2 billion dlrs, and in non-monetary gold and passenger cars
+from Canada, up 900 mln dlrs each.
+    Lumber imports from Canada fell 300 mln dlrs or 33 pct
+because of a 15 pct duty on imports from Canada, the department
+said. Passenger car imports fell 600 mln dlrs because of an 18
+pct decrease in the number of South Korean-made imported cars
+and a nine pct decrease from Japan.
+    On the exports side, agricultural exports rose 600 mln dlrs
+or nine pct to 7.1 billion dlrs, primarily because of a 104 pct
+or 600 mln dlr increase in soybean exports.
+    Soybean shipments to Western Europe rose sharply because
+supplies from Brazil, a traditional major exporter, were
+limited by drought.
+    Commerce said the U.S. trade deficit with Latin America
+rose 900 mln dlrs to 2.6 billion dlrs, with Japan increased 700
+mln dlrs to 14.8 billion dlrs and with Western Europe rose 200
+mln to 7.2 billion dlrs in the quarter.
+    The deficit with newly industrialized Far East countries,
+including Hong Kong, South Korea, Singapore and Taiwan, fell
+500 mln dlrs to eight billion dlrs and with Canada the deficit
+decreased 200 mln dlrs to 3.3 billion dlrs in the quarter.
+    In the full year 1986, imports rose 30.6 billion dlrs or
+nine pct to 369.5 billion dlrs. Exports increased by only 7.3
+billion dlrs or three pct to 221.8 billion dlrs.
+    Commerce said petroleum imports during 1986 fell 16.6
+billion dlrs or 33 pct to 33.9 billion dlrs because of lower
+prices. The average price per barrel decreased to 14.72 dlrs
+from 26.41 dlrs.
+    Agricultural exports fell by 2.6 billion dlrs or nine pct
+to 26.9 billion during the year. The average price of rice fell
+27 pct, cotton was down 22 pct, corn 18 pct, wheat 16 pct and
+soybeans nine pct.
+    The trade deficit with Japan for all of 1986 rose 11.1
+billion dlrs to 54.6 billion dlrs and with Western Europe
+increased 7.2 billion dlrs to 28.6 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8529" NEWID="3616">
+<DATE>11-MAR-1987 10:10:52.93</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0188&#31;reute
+b f BC-UK-INTERVENTION-BD-SA   03-11 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> UK INTERVENTION BD SAYS EC SETS WHITE SUGAR TENDER REBATE 43.248 ECUS.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8530" NEWID="3617">
+<DATE>11-MAR-1987 10:12:36.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0194&#31;reute
+r f BC-SYMBOL-TECHNOLOGIES-I   03-11 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYMBOL TECHNOLOGIES INC &lt;SMBL> CALLS WARRANTS</TITLE>
+<DATELINE>    BOHEMIA, N.Y., March 11 - </DATELINE><BODY>Symbol Technologies Inc said it
+called 610,000 outstanding five-year stock warrants issued in
+1985 and 1986 to Reliance Insurance Co, a subsidiary of
+Reliance Group Holdings &lt;REL>.
+    The company said cash proceeds from the warrants will be
+6,065,000 dlrs.
+    Symbol said it issued 550,000 of the warrants to Reliance
+in 1985, exercisable at 9.50 dlrs per share, and 60,000 in
+mid-1986 at 14 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8531" NEWID="3618">
+<DATE>11-MAR-1987 10:12:46.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0195&#31;reute
+r f BC-AMERICAN-COMMUNICATIO   03-11 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN COMMUNICATIONS &lt;ASTVE> GETS EXCEPTION</TITLE>
+<DATELINE>    GAINESVILLE, Fla., March 11 - </DATELINE><BODY>American Communications and
+Television Inc said its common stock will continue to be
+included in the National Association of Securities Dealers'
+NASDAQ system due to an exception from filing requirements,
+which it failed to meet as of February 14.
+    The company said it believes it can meet conditions imposed
+by the NASD for the exception, but there can be no assurance
+that it will do so.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8532" NEWID="3619">
+<DATE>11-MAR-1987 10:13:33.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0196&#31;reute
+r f BC-BAYER-USA-&lt;BAYRY>-AFF   03-11 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYER USA &lt;BAYRY> AFFILIATES INCREASED SALES</TITLE>
+<DATELINE>    PITTSBURGH, March 11 - </DATELINE><BODY>Bayer USA Inc said sales of its
+affiliated operating cmpanies based in the U.S. increased in
+1986 by 4.4 pct from the previous year.
+    Combined sales were 4.2 billion dlrs, up from 4.0 billion
+dlrs in 1985, the company said.
+    However, the company said net income was 106.9 mln dlrs,
+three pct below 1985.
+    Bayer said its operating companies include Mobay Corp,
+Miles Laboratories Inc, Agfa-Gevaert Inc, Compugraphic Corp,
+Haarmann and Reimer Corp, Deerfield Urethane Inc and Helena
+Chemical Co.
+    Bayer said Mobay, its primary chemicals company, reported
+net income of 83.4 mln dlrs, up eight pct of 1985. It also said
+Miles, its pharmaceutical and healthcare company, recorded
+net income of 29 mln dlrs, a 44 pct increase over 1985.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8533" NEWID="3620">
+<DATE>11-MAR-1987 10:13:55.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0199&#31;reute
+u f BC-DEB-SHOPS-INC-&lt;DEBS>   03-11 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEB SHOPS INC &lt;DEBS> SETS STOCK SPLIT</TITLE>
+<DATELINE>    PHILADELPHIA, March 11 - </DATELINE><BODY>Deb Shops Inc said its board
+declared a 100 pct stock dividend and will increase the
+quarterly dividend to four cts from 3-1/4 cts after adjustm,ent
+for the split.
+    The company said the split is payable April 17 to holders
+of record March 25.  The dividend increase will be effective
+with the April 30 payment, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8534" NEWID="3621">
+<DATE>11-MAR-1987 10:14:28.34</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f0203&#31;reute
+f f BC-CANADA-LEADING-INDICA   03-11 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA LEADING INDICATOR UP 0.4 PCT IN DECEMBER, AFTER 0.4 PCT NOVEMBER GAIN - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8535" NEWID="3622">
+<DATE>11-MAR-1987 10:16:01.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0207&#31;reute
+d f BC-CONTINENTAL-HEALTH-&lt;C   03-11 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL HEALTH &lt;CTHL> PURCHASES MARKETECH</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., March 11 - </DATELINE><BODY>Continental Health
+Affiliates Inc said that it has acquired &lt;Marketech Inc>, an 80
+pct partner in &lt;Diatronics Nutrition Services>.
+    Continental said Diantronics Nutrition Services is a joint
+venture with physicians providing patient-ready home infusion
+therapy products and services to outpatients of five northern
+New Jersery hospitals representing over 1,900 inpatient beds.
+    Continental said the terms of the deal were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8536" NEWID="3623">
+<DATE>11-MAR-1987 10:17:12.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0214&#31;reute
+r f BC-VISUAL-GRAPHICS-SETS   03-11 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VISUAL GRAPHICS SETS DIVIDENDS</TITLE>
+<DATELINE>    NEW YORK, MARCH 11 - </DATELINE><BODY>Visual Graphics Corp &lt;VGCA> &lt;VGCB>
+said its board declared a quarterly dividend of 7-1/2 cts per
+share on its class "B" common stock and 8-1/4 cts per share on
+class "A" common stock payable April Three to shareholders of
+record as of March 23.
+     The company set up the two classes of common stock in
+February. Previously, the company had paid a 7-1/2 cent per
+share quarterly dividend on one class of common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8537" NEWID="3624">
+<DATE>11-MAR-1987 10:18:14.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0222&#31;reute
+r f BC-DEB-SHOPS-INC-&lt;DEBS>   03-11 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEB SHOPS INC &lt;DEBS> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    PHILADELPHIA, March 11 -
+    </DATELINE><BODY>Shr 71 cts vs 57 cts
+    Net 5,457,000 vs 4,299,000
+    Sales 62.9 mln vs 50.1 mln
+    Year
+    Shr 1.65 dlrs vs 1.37 dlrs
+    Net 12.6 mln vs 10.4 mln
+    Sales 181.4 mln vs 147.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8538" NEWID="3625">
+<DATE>11-MAR-1987 10:18:23.38</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0223&#31;reute
+r f BC-sigma-mines-details   03-11 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIGMA MINES DETAILS GOLD ORE RESERVES</TITLE>
+<DATELINE>    TORONTO, March 11 - </DATELINE><BODY>&lt;Sigma Mines (Quebec) Ltd>, 65 pct
+owned by Dome Mines Ltd &lt;DM>, said its Sigma Mine had proven
+and probable reserves at the end of 1986 of 4,902,940 tons,
+with an average grade of 0.139 ounces of gold a ton.
+    Sigma said the reserves are equivalent to 10 years future
+production at current milling rates.
+    The reserves comprise 1,640,779 tons proven reserves
+grading an average of 0.163 ounces of gold a ton and 3,262,161
+tons probable reserves grading an average of 0.127 ounces of
+gold a ton.
+    Sigma said it changed its 1986 reserve reporting method
+following Dome Mines previously reported move to adopt general
+industry practice of reporting proven and probable ore
+reserves.
+    Prior to 1986, Sigma conservatively reported only proven
+reserves that could be mined without future development costs.
+    Proven reserves as of December 31, 1985 were 978,000 tons
+grading an average of 0.194 ounces of gold a ton, equivalent to
+about two years future production.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8539" NEWID="3626">
+<DATE>11-MAR-1987 10:18:41.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0226&#31;reute
+d f BC-REGENCY-CRUISES-INC-&lt;   03-11 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGENCY CRUISES INC &lt;SHIP> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>Shr profit nine cts vs loss two cts
+    Net profit 1,419,000 vs loss 314,000
+    Revs 8,097,000 vs 4,794,000
+    Avg shrs 15.8 mln vs 15.5 mln
+    Year
+    Shr profit 37 cts vs loss 10 cts
+    Net profit 5,695,000 vs loss 1,268,000
+    Revs 40.9 mln vs 4,794,000
+    Avg shrs 15.6 mln vs 12.5 mln
+    NOTE: Company began operations Nov 17, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8540" NEWID="3627">
+<DATE>11-MAR-1987 10:18:50.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0227&#31;reute
+d f BC-CHILE-SET-FOR-RENEGOT   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILE SET FOR RENEGOTIATION ON OFFICIAL DEBT</TITLE>
+<DATELINE>    SANTIAGO, March 11 - </DATELINE><BODY>Chile will open talks next month with
+international lending agencies on the renegotiation of 150 mln
+dlrs of official debts due for repayment in 1987 and 1988, the
+influential Mercurio newspaper reported.
+    The newspaper, quoting official sources, said the terms
+sought will be similar to those agreed with the country's
+commercial banks last month.
+    Chile reached agreement with bank creditors on the
+rescheduling of some 10.6 billion dlrs of debt, maturing
+between 1988 and 1991, over 15-1/2 years, with six years'
+grace. Interest was set at one pct over Libor.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8541" NEWID="3628">
+<DATE>11-MAR-1987 10:19:12.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0230&#31;reute
+r f BC-METROPOLIS-OF-TOKYO-S   03-11 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROPOLIS OF TOKYO SELLS 10-YEAR BONDS</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>The Metropolis of Tokyo is offering in
+the Yankee bond market 100 mln dlrs of guaranteed bonds due
+1997 yielding 7.57 pct, said lead manager First Boston Corp.
+    The bonds bear a 7-1/2 pct coupon and were priced at 99.515
+to yield 35 basis points more than comparable Treasury
+securities.
+    Non-callable for life, the issue is rated a top-flight AAA
+by both Moody's and Standard and Poor's. Goldman Sachs and
+Merrill Lynch co-managed the deal, which was the metropolis's
+first foray into the Yankee bond market in 20 years,
+underwriters said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8542" NEWID="3629">
+<DATE>11-MAR-1987 10:19:18.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0231&#31;reute
+r f BC-SEAMAN-FURNITURE-CO-I   03-11 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEAMAN FURNITURE CO INC &lt;SEAM> 3RD QTR JAN 31</TITLE>
+<DATELINE>    UNIONDALE, N.Y., March 11 -
+    </DATELINE><BODY>Shr 64 cts vs 51 cts
+    Net 4,373,000 vs 3,346,000
+    Sales 59.8 mln vs 45.5 mln
+    Avg shrs 6,808,000 vs 6,600,000
+    Nine mths
+    Shr 1.57 dlrs vs 1.18 dlrs
+    Net 10.7 mln vs 7,745,000
+    Sales 167.0 mln vs 123.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8543" NEWID="3630">
+<DATE>11-MAR-1987 10:19:26.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0232&#31;reute
+d f BC-NOVO-INDUSTRI-EARNING   03-11 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVO INDUSTRI EARNINGS FALL DESPITE INCREASED SALES</TITLE>
+<DATELINE>    COPENHAGEN, March 11 - </DATELINE><BODY>Danish-based insulin and enzymes
+producer Novo Industri A/S (NVO.CO) said pre-tax earnings fell
+almost 10 pct in 1986 though sales rose by two pct.
+    The pre-tax figure fell to 788 mln crowns from 872 mln in
+1985, on sales increased from 4.1 billion to 4.2 billion,
+giving net earnings of 521 mln crowns against 604 mln in 1985.
+    Earnings per 20-crown share went from 23.79 crowns to 20.45
+crowns but the company proposed an unchanged 20 pct dividend.
+    "Foreign exchange fluctuations in 1986 were a very
+significant factor behind developments in the result before and
+after tax," Novo said in a statement.
+    "Not only the U.S. Dollar but also other currencies
+essential to Novo fell in 1986 in relation to the Danish crown,"
+the statement added.
+    In November 1986, Novo purchased 75 pct of shares in A/S
+Ferrosan, which heads a group specialising in research and
+development of CNS (central nervous treatment) treatments and
+the sale of pharmaceuticals and vitamins in Scandinavia.
+    The 357 mln crowns paid in goodwill "had a very limited
+effect on the 1986 result," the Novo statement said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8544" NEWID="3631">
+<DATE>11-MAR-1987 10:19:31.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0233&#31;reute
+d f BC-SCS/COMPUTE-INC-&lt;SCOM   03-11 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCS/COMPUTE INC &lt;SCOM> 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    ST. LOUIS, MO., March 11 -
+    </DATELINE><BODY>Shr loss 30 cts vs loss 43 cts
+    Net loss 891,000 vs loss 969,000
+    Revs 1,930,000 vs 1,815,000
+    Avg shrs 2.9 mln vs 2.2 mln
+    Nine Mths
+    Shr loss one dlr vs loss 1.36 dlrs
+    Net loss 2,622,000 vs loss 3,037,000
+    Revs 4,638,000 vs 4,105,000
+    Avg shrs 2.6 mln vs 2.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8545" NEWID="3632">
+<DATE>11-MAR-1987 10:19:51.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0235&#31;reute
+r f BC-LEASEWAY   03-11 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITIES DEALER HAS LEASEWAY &lt;LTC> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Alpine Associates, a Cresskill, N.J.
+securities dealer, told the Securities and Exchange Commission
+it has acquired 565,100 shares of Leaseway Transport
+Corp, or 5.9 pct of the total outstanding common stock.
+    Alpine, a limited partnership, said it bought the stock for
+28.1 mln dlrs as an investment in the ordinary course of its
+business as a securities dealer.
+    It left open the possibility that it might buy more
+Leaseway stock or sell some or all of its current stake, but
+said it has no plans to seek control of the company.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8546" NEWID="3633">
+<DATE>11-MAR-1987 10:20:05.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0237&#31;reute
+d f BC-EMPIRE-OF-CAROLINA-IN   03-11 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMPIRE OF CAROLINA INC &lt;EMP> YEAR NET</TITLE>
+<DATELINE>    TARBORO, N.C., March 11 -
+    </DATELINE><BODY>Shr 1.26 dlrs vs 67 cts
+    Net 7,299,000 vs 3,607,000
+    Revs 52.4 mln vs 40.7 mln
+    Avg shrs 6,028,755 vs 2,408,766
+    NOTE: 1985 results restated to include Deltona Corp &lt;DLT>
+investment on equity method.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8547" NEWID="3634">
+<DATE>11-MAR-1987 10:20:15.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0238&#31;reute
+d f BC-VHC-LTD-&lt;VHCL>-4TH-QT   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VHC LTD &lt;VHCL> 4TH QTR OPER NET</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>Oper shr profit 18 cts vs loss one ct
+    Oper net profit 387,832 vs loss 29,312
+    Revs 6,872,630 vs NA
+    Year
+    Oper shr profit 39 cts vs loss 23 cts
+    Oper net profit 835,010 vs loss 441,836
+    Revs 20.8 mln vs NA
+    Avg shrs 2,135,909 vs 1,885,909
+    NOTE: Excludes gains of 378,000 dlrs or 18 cts and 715,000
+dlrs or 33 cts in current qtr and year, respectively, from
+benefit of tax loss carryforwards. Year-ago excludes losses of
+75,809 dlrs or four cts in qtr and 146,061 dlrs or eight cts in
+year from discontinued operations. 1985 restated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8548" NEWID="3635">
+<DATE>11-MAR-1987 10:20:23.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0239&#31;reute
+d f BC-TURKISH-WEATHER-IMPRO   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH WEATHER IMPROVES, BUT BRINGS FLOODS</TITLE>
+<DATELINE>    ISTANBUL, March 11 - </DATELINE><BODY>Turkish banks and government offices
+reopened here after snow blanketing the city began to melt,
+causing floods and traffic jams.
+    Turkish radio said 16 villages in the southern province of
+Hatay were evacuated after the Karasu river burst its banks,
+flooding 5,000 hectares of crops.
+    The radio said cold weather and snow still covered much of
+central and eastern Anatolia, the Asian part of the country,
+and two people were frozen to death near the town of Corum. The
+weather office in Istanbul said the cold front was moving east
+and conditions should be back to normal by the weekend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8549" NEWID="3636">
+<DATE>11-MAR-1987 10:20:29.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0240&#31;reute
+d f BC-ALLIANT-AND-MACNEAL-S   03-11 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIANT AND MACNEAL-SCHWENDLER SIGN PACT</TITLE>
+<DATELINE>    LITTLETON, Mass., March 11 - </DATELINE><BODY>Alliant Computer Systems Corp
+&lt;ALNT> said that it has signed an agreement with
+MacNeal-Schwendler Corp &lt;MNS> where MacNeal will develop a new
+version of its MSC/NASTRAN software for Alliant's FX/Series
+Computers.
+    Alliant said MSC/NASTRAN is used for finite element
+analysis, particularly in the automotive and aerospace
+industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8550" NEWID="3637">
+<DATE>11-MAR-1987 10:20:34.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0241&#31;reute
+d f BC-TRANSTECH-INDUSTRIES   03-11 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSTECH INDUSTRIES INC &lt;TRTI> YEAR NET</TITLE>
+<DATELINE>    SCOTCH PLAINS, N.J., March 11 -
+    </DATELINE><BODY>Oper shr 91 cts vs seven cts
+    Oper net 4,356,774 vs 289,764
+    Revs 69.2 mln vs 50.2 mln
+    Avg shrs 4,736,692 vs 4,151,672
+    NOTE: 1985 net excludes 3,027,714 dlr loss from
+discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8551" NEWID="3638">
+<DATE>11-MAR-1987 10:24:04.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0250&#31;reute
+r f BC-MICROPOLIS-&lt;MLIS>-SEL   03-11 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROPOLIS &lt;MLIS> SELLS CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Micropolis Corp is raising 75 mln dlrs
+via an offering of convertible subordinated debentures due 2012
+with a six pct coupon and par pricing, said lead manager
+Kidder, Peabody and Co Inc.
+    The debentures are convertible into the company's common
+stock at 48.50 dlrs per share, representing a premium of 23.6
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the issue is rated B-minus by
+Standard and Poor's. Robertson, Colman and Stephens co-managed
+the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8552" NEWID="3639">
+<DATE>11-MAR-1987 10:24:27.20</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>thailand</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0252&#31;reute
+r f BC-THAI-SUGAR-PRODUCTION   03-11 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI SUGAR PRODUCTION INCREASES</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Thai sugar production totalled 960,788
+tonnes in January, an increase of 12.7 pct on January 1986,
+according to figures received by the International Sugar
+Organization.
+    November and December production figures also exceeded last
+year's totals with the result that output in the first three
+months of the season showed a 23.1 pct increase over 1985/86.
+Production in the November 1986 to January 1987 period totalled
+1.29 mln tonnes.
+    Thai exports in December and January were down, however.
+January exports fell from 73,164 to 35,910 tonnes.
+    Domestic consumption increased 7.3 pct to 192,069 tonnes
+for the three month period, but this was not sufficient to
+prevent a significant rise in stocks, which climbed to 1.62 mln
+tonnes by the end of January, compared with 1.52 mln a year
+earlier.
+    Thai Agricultural Ministry officials have previously
+forecast a decline in 1986/87 raws output to around 2.3 mln
+tonnes from 2.48 mln in 1985/86.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8553" NEWID="3640">
+<DATE>11-MAR-1987 10:24:38.49</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f0253&#31;reute
+b f BC-CANADA-DECEMBER-LEADI   03-11 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA DECEMBER LEADING INDICATOR UP 0.4 PCT</TITLE>
+<DATELINE>    OTTAWA, March 11 - </DATELINE><BODY>Canada's leading composite indicator
+advanced 0.4 pct in December after gaining 0.4 pct in the two
+previous months, Statistics Canada said.
+    The unfiltered index rose 0.8 pct in the month, a
+turnaround from the 0.3 pct decline in November, the federal
+agency said.
+    The manufacturing groups continued to post advances while
+goods production rose 1.6 pct, the third increase in the last
+four months. The advances, however, were offset by a
+deceleration in household demand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8554" NEWID="3641">
+<DATE>11-MAR-1987 10:27:45.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0261&#31;reute
+b f BC-NORDIC-INVESTMENT-BAN   03-11 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORDIC INVESTMENT BANK ISSUES DANISH CROWN BOND</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Nordic Investment Bank is issuing a 300
+mln Danish crown bond, due April 15, 1994, priced at par with
+an 11-1/4 pct coupon, lead manager Enskilda Securities said.
+    The bonds are callable on April 15, 1992 at par and at any
+time for tax reasons. They will be sold in denominations of
+20,000 crowns and listed in Luxembourg. Fees involve 1-1/4 pct
+for selling and 5/8 pct for management and underwriting
+combined, minus 1/8 pct for the co-leads. Payment date is April
+15.
+    The co-leads are Privatbanken A/S and Generale Bank
+Brussels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8555" NEWID="3642">
+<DATE>11-MAR-1987 10:28:07.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0264&#31;reute
+r f BC-&lt;MESA-AIRLINES-INC>-I   03-11 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MESA AIRLINES INC> INITIAL OFFERING UNDERWAY</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Lead underwriters Josephthal and Co
+Inc, Emmett A. Larkin Co Inc and Hays Securities Corp said an
+initial public offering of 865,000 common shares of Mesa
+Airlines Inc is underway at 7.50 dlrs per share.
+    Underwriters have been granted an overallotment option to
+purchase up to another 129,750 shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8556" NEWID="3643">
+<DATE>11-MAR-1987 10:29:01.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0268&#31;reute
+d f BC-ANOVA-VENTURES-SETS-D   03-11 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANOVA VENTURES SETS DIVIDEND IN DUEVEL SHARES</TITLE>
+<DATELINE>    DALLAS, March 11 - </DATELINE><BODY>&lt;ANova Ventures Corp> said its board
+declared a dividend payable in the form of registered shares of
+stock in &lt;Duvel Corp>, a blind public pool.
+    ANova describes itself as a publishing and financial
+services firm specializing in arranging revers acquisitions and
+mergers between blind pools/shells and private companies.
+    ANova said it created Duvel to act as a blind pool and will
+seek an operating private company to merger with Duvel. Duvel
+has sold 300,000 common shares to a private investor group to
+finance expenses of registration and 640,000 shares will be
+paid to ANova stockholders as a dividend, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8557" NEWID="3644">
+<DATE>11-MAR-1987 10:30:21.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0270&#31;reute
+b f BC-DNC-INTERNATIONAL-ISS   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DNC INTERNATIONAL ISSUES 10 BILLION YEN BOND</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>DNC International Finance A.S. Is
+issuing a 10 billion yen eurobond due April 7, 1994 with a five
+pct coupon and priced at 102-3/8 pct, Yamaichi International
+(Europe) Ltd said as joint book-runner with Tokai International
+Ltd.
+    The non-callable bonds, guaranteed by Den norske
+Creditbank, will be issued in denominations of one mln yen and
+will be listed in Luxembourg. Total fees of 1-7/8 pct comprise
+5/8 pct for management and underwriting and 1-1/4 pct for
+selling. Pay date is April 7.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8567" NEWID="3645">
+<DATE>11-MAR-1987 10:31:40.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0279&#31;reute
+r f PM-CHRYSLER   03-11 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> DEAL LEAVES UNCERTAINTY FOR AMC WORKERS</TITLE>
+<AUTHOR>    By Richard Walker, Reuters</AUTHOR>
+<DATELINE>    DETROIT, March 11 - </DATELINE><BODY>Chrysler Corp's 1.5 billion dlr bid to
+takeover American Motors Corp &lt;AMO> should help bolster the
+small automaker's sales, but it leaves the future of its 19,000
+employees in doubt, industry analysts say.
+    It was "business as usual" yesterday at the American Motors
+headquarters, one day after the proposed merger was unveiled by
+Chrysler and AMC's French parent Renault, according to company
+spokesman Edd Snyder.
+    But AMC's future, to be discussed at a board meeting today,
+would be radically different as a Chrysler subsidiary than if
+it had continued with the state-run French car group as its
+controlling shareholder.
+    Industry analysts said the future of AMC's car assembly
+plant in Kenosha, Wis., and its Toledo, Ohio, Jeep plant would
+be in doubt if the overcapacity predicted in the North American
+auto industry by the early 1990s comes to pass.
+    Both plants are far from "state of the art" for car
+manufacturing sites, and AMC has a history of poor labor
+relations at each.
+    "Chrysler doesn't need that many new plants," said Michael
+Luckey, automotive analyst for the Wall Street firm Shearson
+Lehman Brothers. "They probably will close the Toledo plant and
+move Jeep production to Canada."
+    Ronald Glantz of Montgomery Securities said that at the
+very least, the new owner of the Toledo plant would be able to
+wring concessions from the United Automobile Workers union
+local representing Jeep workers.
+    "The UAW won't be able to hold them up for ransom as they
+have AMC because during a down year, Chrysler will have
+underutilized facilities to transfer production," he said.
+    Analysts said they foresaw no major complications that
+would abort a combination which historians said would be the
+auto industry's biggest merger since American Motors was formed
+in 1954.
+    AMC was in need of a financial savior because of its losses
+of more than 800 mln dlrs since 1980 and pressures in France
+for Renault to cut its backing. The company had said it could
+not forecast consistent profitability until 1988 at the
+earliest.
+    In announcing the takeover agreement, Chrysler chairman Lee
+Iacocca cited AMC's Jeep division as well as its new 675 mln
+dlr assembly plant at Bramalea, Ontario, and its network of
+1,200 dealers as the major attractions.
+    Analysts reasoned that Chrysler might feel moved eventually
+to sell off or close some of the older plants to cut overhead
+costs in view of the new debts and liabilities it would incur
+in the AMC buyout.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8558" NEWID="3646">
+<DATE>11-MAR-1987 10:32:35.98</DATE>
+<TOPICS><D>gold</D><D>silver</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0286&#31;reute
+r f BC-ST.-JOE-GOLD-TO-DEVEL   03-11 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST. JOE GOLD TO DEVELOP ONTARIO MINE</TITLE>
+<DATELINE>    CLAYTON, Mo., March 11 - </DATELINE><BODY>St. Joe Gold Corp said it plans to
+proceed with development of its Golden Patricia gold property
+in northwestern Ontario.
+    It said about five mln dlrs will be spent to continue
+underground development and obtain operating permits and
+another 10.2 mln dlrs is expected to be required to complete
+underground development, construct a mill and provide the
+infrastructure needed to put the mine into commercial
+production.
+    St. Joe Gold said if the necessary operating permits were
+granted in time, it would start gold production in the second
+half of the year ending October 31, 1988 at an annual rate of
+about 40,000 troy ounces.
+    The company said the property is estimated to contain over
+500,000 troy ounces of gold, and the initial mining project
+covers only seven of 192 claims, with drill-indicated reserves
+of 293,000 short tons grading 0.88 troy ounce of gold per ton.
+    It said initial mine output is expected to be about 150
+tons of ore daily.
+    St. Joe Gold said the Golden Patricia vein has not been
+tested at depth or along strike to the east and west and
+exploration is continuing on the Golden Patricia property and
+the adjacent wholly-owned Muskeg Lake property.
+    The company also said its Richmond Hill gold and silver
+deposit in the Carbonate district of western South Dakota has
+been shown by drilling to contain about 3,900,000 tons grading
+0.055 troy ounce of gold and 0.23 troy ounce of silver per ton.
+ It said preliminary results are encouraging and a feasibility
+study is nearing completion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8559" NEWID="3647">
+<DATE>11-MAR-1987 10:38:06.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0312&#31;reute
+r f BC-NUCOR-CORP-&lt;NUE>-RAIS   03-11 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUCOR CORP &lt;NUE> RAISES QUARTERLY</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 11 -
+    </DATELINE><BODY>Qtly div nine cts vs eight cts prior
+    Pay May 12
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8560" NEWID="3648">
+<DATE>11-MAR-1987 10:38:35.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0315&#31;reute
+h f BC-DNC-INTERNATIONAL-ISS   03-11 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DNC INTERNATIONAL ISSUES 10 BILLION YEN BOND</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>DNC International Finance A.S. Is
+issuing a 10 billion yen eurobond due April 7, 1994 with a five
+pct coupon and priced at 102-3/8 pct, Yamaichi International
+(Europe) Ltd said as joint book-runner with Tokai International
+Ltd.
+    The non-callable bonds, guaranteed by Den norske
+Creditbank, will be issued in denominations of one mln yen and
+will be listed in Luxembourg. Total fees of 1-7/8 pct comprise
+5/8 pct for management and underwriting and 1-1/4 pct for
+selling. Pay date is April 7.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8561" NEWID="3649">
+<DATE>11-MAR-1987 10:38:56.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0317&#31;reute
+r f BC-&lt;KELSEY-HAYES-CANADA   03-11 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;KELSEY-HAYES CANADA LTD> YEAR NET</TITLE>
+<DATELINE>    WINDSOR, Ontario, March 11 -
+    </DATELINE><BODY>Shr 1.60 dlrs vs 3.12 dlrs
+    Net 10.6 mln vs 20.6 mln
+    Revs 162.5 mln vs 214.6 mln
+    Note: 1985 shr restated to reflect January 31, 1986 stock
+split.
+    73 pct-owned by Kelsey-Hayes Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8562" NEWID="3650">
+<DATE>11-MAR-1987 10:40:17.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0324&#31;reute
+u f BC-CURFEW-CLAMPED-ON-NIG   03-11 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURFEW CLAMPED ON NIGERIAN STATE AFTER CLASHES</TITLE>
+<DATELINE>    LAGOS, March 11 - </DATELINE><BODY>Nigeria's military government clamped a
+dusk-to-dawn curfew on northern Kaduna state and ordered all
+schools and colleges there closed after 11 people died in
+clashes between Moslems and Christians.
+    A statement said the situation in Kaduna was now under
+control, after two days of disturbances caused by "undesirable
+elements hiding under the cover of religion."
+    The statement, signed by Rear-Admiral Augustus Aikhomu, the
+regime's number two, urged the media to exercise restraint in
+reporting the clashes which began last weekend in Kafanchan, a
+Christian enclave in the mainly-Moslem north.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8563" NEWID="3651">
+<DATE>11-MAR-1987 10:40:41.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0328&#31;reute
+s f BC-RIGGS-NATIONAL-CORP-&lt;   03-11 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIGGS NATIONAL CORP &lt;RIGS> SETS QUARTERLY</TITLE>
+<DATELINE>    WASHINGTON, March 11 -
+    </DATELINE><BODY>Qtly div 27-1/2 cts vs 27-1/2 cts prior
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8564" NEWID="3652">
+<DATE>11-MAR-1987 10:41:54.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0334&#31;reute
+d f BC-&lt;PACER-SYSTEMS>-TO-MA   03-11 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PACER SYSTEMS> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    BILLERICA, Mass., March 11 - </DATELINE><BODY>Pacer Systems said it has
+agreed in principle to acquire the assets of Sea Data Corp, a
+maker of low-powered electronic systems including undersea
+intelligent recording sensors and high-density digital data
+recorders, for one mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8565" NEWID="3653">
+<DATE>11-MAR-1987 10:41:56.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0335&#31;reute
+f f BC-EDF-LAUNCHING-FIVE-BI   03-11 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> EDF LAUNCHING FIVE BILLION FRENCH FRANC BOND - CO-LEAD MANAGER PARIBAS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8566" NEWID="3654">
+<DATE>11-MAR-1987 10:42:21.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0338&#31;reute
+r f BC-CONCORD-COMPUTING-&lt;CE   03-11 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONCORD COMPUTING &lt;CEFT> EXECUTIVES RESIGN</TITLE>
+<DATELINE>    WOBURN, Mass., March 11 - </DATELINE><BODY>Concord Computing Corp said
+Thomas E. Swithenbank has resiged as president and a director
+and John L. burns has resigned as vice president of
+manufacturing.
+    No reason was given.
+    It said chairman and chief executive officer Victor M.
+Tyler will assume the additional post of president.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8568" NEWID="3655">
+<DATE>11-MAR-1987 10:43:24.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0343&#31;reute
+w f BC-GM-&lt;GM>-DEALERS-ORDER   03-11 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> DEALERS ORDER 125,000 NEW CHEVROLETS</TITLE>
+<DATELINE>    WARREN, MICH., March 11 - </DATELINE><BODY>General Motors Corp said almost
+125,000 of Chevrolet's two newest cars - the four-door Corsica
+sedan and two-door Beretta Sport Coupe - have been ordered by
+dealers in advance of their official introduction Thursday.
+    It said on hand in dealer inventory and for immediate
+delivery were 35,000 of the two models. Another 8,000 were in
+transit from assembly plants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8569" NEWID="3656">
+<DATE>11-MAR-1987 10:43:51.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0344&#31;reute
+r f BC-SHL-SYSTEMHOUSE-&lt;NMS>   03-11 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHL SYSTEMHOUSE &lt;NMS> FILES FOR PUBLIC OFFERING</TITLE>
+<DATELINE>    OTTAWA, Ontario, March 11 - </DATELINE><BODY>SHL Systemhouse Inc said it
+filed a registration statement with the Securities and Exchange
+Commission relating to common shares owned by &lt;Kinburn
+Technology Corp>.
+    SHL said the filing was made to satisfy exchange rights
+under a proposed offering of U.S 100 mln dlrs principal amount
+of exchangeable secured debentures due 2007 by Kinburn.
+    Kinburn owns 31.6 pct of the issued and outstanding common
+shares of SHL, the company said.
+    It said the debentures may be exchanged at any time prior
+to maturity unless previously redeemed, for SHL Systemhouse
+common shares at an exchange rate to be determined at the time
+of the sale of the debentures.
+    SHL said it was advised that Kinburn intends to exercise
+this option to maintain its ownership and effective control of
+Systemhouse.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8570" NEWID="3657">
+<DATE>11-MAR-1987 10:44:32.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0347&#31;reute
+u f BC-BILFINGER-UND-BERGER   03-11 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BILFINGER UND BERGER SEES OUTPUT FALLING IN 1987</TITLE>
+<DATELINE>    MANNHEIM, West Germany, March 11 - </DATELINE><BODY>Bilfinger und Berger-Bau
+AG &lt;GBFG.F> expects group construction output in 1987 to fall
+to around 2.5 billion marks in 1987 from 2.73 billion last year
+and sees foreign business stabilizing just under its 1986
+level.
+    In a letter to shareholders, Bilfinger und Berger said
+foreign construction work fell to 1.37 billion marks in 1986
+from 2.10 billion the year before. It said the drop was due to
+a fall in orders and the dollar's decline against the mark.
+    The firm expects good 1986 results, with an appropriate
+dividend. In 1985 group net profit fell to 14.1 mln marks from
+22.6 mln in 1984 and the dividend lost one mark to nine marks.
+    Bilfinger und Berger's U.S. Units took up 600 mln marks of
+its total foreign construction output.
+    The company said domestic earnings in 1986 improved
+slightly despite strong competition, due to efforts to avoid
+taking on orders which would not break even.
+    Foreign earnings were hit by the lower dollar and temporary
+payment difficulties by clients.
+    Incoming orders in 1986 rose to 3.05 billion marks from
+2.58 billion the year before, comprising domestic 1.30 billion
+marks versus 1.41 billion and foreign 1.75 billion marks versus
+1.18 billion.
+    Foreign incoming orders rose despite economic difficulties
+in developing countries and OPEC nations hit by lower oil
+prices, Bilfinger und Berger said.
+    In 1986 it won new orders in the U.S., Pakistan, Nigeria
+and Egypt.
+    Orders on hand at end-1986 totalled 3.64 billion marks
+against 3.32 billion at end-1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8571" NEWID="3658">
+<DATE>11-MAR-1987 10:45:16.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0350&#31;reute
+u f BC-VERSAR-INC-&lt;VSR>-TO-M   03-11 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERSAR INC &lt;VSR> TO MAKE ANNOUNCEMENT</TITLE>
+<DATELINE>    SPRINGFIELD, N.J., March 11 - </DATELINE><BODY>Versar Inc, a technical
+environmental services company, said it will release an
+announcement this afternoon concerning the company.
+    A Versar spokesman said he was unable to divulge any
+further information.
+    The American Stock Exchange halted trading of Versar's
+stock this morning.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8572" NEWID="3659">
+<DATE>11-MAR-1987 10:45:29.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0351&#31;reute
+u f BC-MIZUNO-ISSUING-30-MLN   03-11 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIZUNO ISSUING 30 MLN SWISS FRANC FIVE YEAR NOTE</TITLE>
+<DATELINE>    ZURICH, March 11 - </DATELINE><BODY>Mizuno Corp of Osaka is issuing 30 mln
+Swiss francs of five year notes with a 4-5/8 pct coupon and
+100-1/8 issue price, lead manager Swiss Bank Corp said.
+    The notes, which are guaranteed by Sumitomo Bank Ltd, can
+be called at 101-1/2 from September 27, 1989.
+    Payment is due March 27.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8573" NEWID="3660">
+<DATE>11-MAR-1987 10:45:58.16</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0354&#31;reute
+u f BC-SPAIN-QUALIFIES-RESER   03-11 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN QUALIFIES RESERVE REQUIREMENTS STATEMENT</TITLE>
+<DATELINE>    MADRID, March 11 - </DATELINE><BODY>A Bank of Spain spokesman qualified a
+bank statement announcing an extension of reserve requirements
+to convertible peseta funds held by banks, saying the move
+applied only to future rises above current balances.
+    "The 19 pct reserve requirement will only be applied to
+further increases in bank's convertible peseta funds," the
+spokesman said. Convertible peseta funds previously were exempt
+from reserve requirements. The spokesman said the measure was
+intended to curb an influx of short-term foreign speculative
+capital which threatened the government's money supply growth
+target.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8574" NEWID="3661">
+<DATE>11-MAR-1987 10:46:24.45</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0357&#31;reute
+r f BC-SPAIN'S-MONEY-SUPPLY   03-11 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN'S MONEY SUPPLY GROWTH DOUBLES IN FEBRUARY</TITLE>
+<DATELINE>    MADRID, March 11 - </DATELINE><BODY>Spain's broad based M-4 money supply
+rose at an annualised rate of 16.7 pct in February against 8.1
+pct in January and 22.4 pct in February last year, Bank of
+Spain figures show.
+    The broad-based money supply is measured as liquid assets
+in public hands plus quasi-monetary assets.
+    Money supply growth was 11.4 pct last year. The government
+wants to reduce the rate to eight pct this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8575" NEWID="3662">
+<DATE>11-MAR-1987 10:46:28.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0358&#31;reute
+r f BC-ROBERT-HALMI-&lt;RHI>-GE   03-11 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROBERT HALMI &lt;RHI> GETS FIVE MLN DLR CREDIT LINE</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Robert Halmi Inc said it has received
+a commitment for a five mln dlr revolving credit line from
+Wells Fargo and Co &lt;WFC>.
+    It said it will use funds for the development and
+production of television programming.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8576" NEWID="3663">
+<DATE>11-MAR-1987 10:47:05.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0363&#31;reute
+r f BC-DUFF/PHELPS-UPGRADES   03-11 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS UPGRADES BELLSOUTH CORP &lt;BLS> UNIT</TITLE>
+<DATELINE>    CHICAGO, March 11 - </DATELINE><BODY>Duff and Phelps raised its ratings to
+DP-1 (AAA) from DP-2 (high AA) on 2.6 billion dlrs in
+debentures and 150 mln dlrs in notes of South Central Bell
+Telephone Co, a unit of BellSouth Corp.
+    The rating agency cited the company's strong financial
+performance, which was achieved by keeping expenses under
+control and not by relying on raising local phone rates to its
+customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8577" NEWID="3664">
+<DATE>11-MAR-1987 10:47:12.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0364&#31;reute
+r f BC-PENNSYLVANIA-POWER-&lt;P   03-11 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNSYLVANIA POWER &lt;PPL> OFFERS PREFERRED STOCK</TITLE>
+<DATELINE>    ALLENTOWN, Pa, March 11 - </DATELINE><BODY>Pennsylvania Power and Light Co
+said it will offer 500,000 shares of 6-7/8 pct series preferred
+stock at 100 dlrs per share and 500,000 shares of 7-3/8 pct
+series preferred stock at the same price, plus accumulated
+dividends from the date of original issuance.
+    The First Boston Corp, Drexel Burnham Lambert Inc, Merrill
+Lynch Capital Markets and Prudential-Bache Capital Funding are
+the underwriters offering the stock, said Pennsylvania Power.
+    The 6-7/8 pct series preferred stock is redeemable at any
+time, at the option of the company at 106.88 pct per share on
+or before March 31, 1992, and declining to 100 pct on and after
+April 1, 1994, the company said.
+    The company added that no optional redemption may be made
+prior to April 1, 1994, with or in anticipation of borrowed
+funds or senior or parity stock having an effective cost of
+less than 6.88 pct per annum.
+    The 6-7/8 pct series preferred stock will have a mandatory
+sinking fund in the amount of 100,000 shares in each year
+commencing on April 1, 1993, calculated to retire the issue no
+later than April 1, 1997.
+    The company has the non-cumulative option to retire an
+additional 100,000 shares on any sinking fund payment date, it
+said.
+    Pennsylvania Power said the 7-3/8 pct series preferred
+stock is redeemable at any time, also, at the option of the
+company at 107.38 dlrs per share on or before March 31, 1992,
+and declining to 100 pct on and after April 1, 2002.
+    The company said that no optional redemption may be made
+prior to April 1, 1992, with or in anticipation of borrowed
+funds or senior or parity stock having an effective cost of
+less than 7.38 pct per annum.
+    Pennsylvania Power said the 7-3/8 pct series preferred
+stock will have a mandatory sinking fund of 25,000 shares in
+each year commencing April 1, 1993, calculated to retire the
+issue no later than April 1, 2012.
+    It said it has the non-cumulative option to retire an
+additional 25,000 shares on any sinking fund payment date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8578" NEWID="3665">
+<DATE>11-MAR-1987 10:47:21.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0365&#31;reute
+d f BC-LEUCADIA-HAS-50-MLN-D   03-11 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEUCADIA HAS 50 MLN DLR REVOLVING FACILITY</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Leucadia National Corp, a U.S. Financial
+services holding company, has received a 50 mln dlr, five-year
+revolving underwriting facility (RUF), said Merrill Lynch
+Capital Markets as arranger.
+    Under terms of the facility, Leucadia may issue euro-notes
+in maturities from one to six months, subject to a maximum of
+183 days. The method of issuance will be the issuer-set margin
+system under which Leucadia will determine the spread over the
+London Interbank Offered Rate (LIBOR).
+    Leucadia has already established a euro-commercial paper
+program for which Merrill acts as dealer.
+    The RUF may serve as medium term back-up to the commerical
+paper program although the two may be used simultaneously,
+Merrill said.
+    In addition to issuing euro-notes, Leucdia may also draw
+under the RUF by use of a so-called "swing line," which provides
+same day availability of funds of up to 25 mln dlrs. Also, the
+swing line provides for use of a "spot issuance procedure which
+allows the company to borrow up to the full amount of the 50
+mln dlrs on two days notice.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8579" NEWID="3666">
+<DATE>11-MAR-1987 10:47:34.39</DATE>
+<TOPICS><D>money-fx</D><D>stg</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0366&#31;reute
+u f BC-DEALERS-WARY-OVER-STE   03-11 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEALERS WARY OVER STERLING INTERVENTION RUMOUR</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Foreign exchange market rumours that the
+the Bank of England has been selling sterling to halt its rise
+prompted a wary response from dealers who said they saw no
+obvious confirmation, market sources said.
+    Bank of England officials were not immediately available
+for comment. Earlier this week, the Bank sanctioned a cut in
+bank interest rates in a surprise move, which aimed at limiting
+sterling's rise ahead of the March 17 budget.
+    But today the pound has strengthened to 72.7 on its
+trade-weighted index from 72.1 last night, though the U.K.
+Currency is below its day's high against the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8580" NEWID="3667">
+<DATE>11-MAR-1987 10:49:24.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0378&#31;reute
+d f BC-TELEPHONE-SUPPORT-SYS   03-11 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEPHONE SUPPORT SYSTEMS INC &lt;TSSI> 3RD QTR</TITLE>
+<DATELINE>    LAKE SUCCESS, N.Y., March 11 - </DATELINE><BODY>Nov 30 end
+    Shr four cts vs 11 cts
+    Net 62,986 vs 174,158
+    Sales 720,906 vs 907,542
+    Year
+    Shr 18 cts vs six cts
+    Net 277,852 vs 94,263
+    Sales 2,247,374 vs 2,030,390
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8581" NEWID="3668">
+<DATE>11-MAR-1987 10:49:46.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0381&#31;reute
+d f BC-NETWORK-VIDEO-INC-&lt;NV   03-11 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NETWORK VIDEO INC &lt;NVID> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    SARASOTA, Fla., March 11 -
+    </DATELINE><BODY>Shr one ct vs five cts
+    Net 50,745 vs 161,019
+    Revs 478,700 vs 1,048,543
+    Avg shrs 4,350,000 vs 3,217,500
+    Nine mths
+    Shr four cts vs 12 cts
+    Net 169,275 vs 390,179
+    Revs 1,478,066 vs 2,658,692
+    Avg shrs 4,350,000 vs 3,217,500
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8582" NEWID="3669">
+<DATE>11-MAR-1987 10:49:53.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0382&#31;reute
+d f BC-COMTECH-INC-&lt;CMTL>-2N   03-11 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMTECH INC &lt;CMTL> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 11 -
+    </DATELINE><BODY>Oper shr profit one ct vs profit two cts
+    Oper net profit 63,000 vs profit 84,000
+    Sales 5,009,000 vs 4,042,000
+    1st half
+    Oper shr profit two cts vs loss 17 cts
+    Oper net profit 87,000 vs loss 794,000
+    Sales 9,838,000 vs 7,368,000
+    Backlog 17.8 mln vs 11.4 mln
+    NOTE: Current year net excludes tax credits of 32,000 dlrs
+in quarter and 45,000 dlrs in half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8583" NEWID="3670">
+<DATE>11-MAR-1987 10:50:03.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0383&#31;reute
+h f BC-NAKASONE-SET-TO-STAY   03-11 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE SET TO STAY UNTIL TAX REFORM APPROVED</TITLE>
+<AUTHOR>    By Yuko Nakamikado, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 11 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone will
+step down only after his plan to overhaul Japan's tax system
+gets parliamentary approval, one of his closest aides said
+today.
+    The aide, who declined to be identified, said at a private
+meeting, "Nakasone's power in office does not necessarily
+terminate at the end of his term in October. It depends on when
+(the) seven tax reform bills get parliamentary approval."
+    Nakasone vowed yesterday to press on with his plan despite
+Sunday's unexpected Upper House by-election defeat of the
+ruling Liberal Democratic Party (LDP) in a conservative
+stronghold.
+    The socialist winner, backed by other opposition parties,
+had campaigned against a controversial five pct value added
+sales tax, the main plank of the reform plans.
+    The aide dismissed the possibility of any amendment of the
+sales tax on the grounds the opposition parties were demanding
+nothing but retraction of the tax.
+    They have been refusing to discuss a draft budget for the
+1987 fiscal year starting on April 1, which includes the tax
+plans. They have been resorting to an on-off boycott of
+parliament since February 4.
+   "If I were Nakasone, I would close the current regular
+parliamentary session on May 27 as scheduled, attend the Venice
+summit of industrial democracies in June and open an
+extraordinary session to discuss the tax plans," the aide said.
+    Under law, a regular session can be extended only once
+while an extraordinary session can be extended twice.The other
+option would be to extend the current session, he said.
+    "The opposition parties will surely present a no-confidence
+motion against the Nakasone Cabinet at one stage or another."
+    One scenario then will be to reject the motion opening up
+the way for tax reform.
+   "Another scenario is the resignation of the Nakasone Cabinet
+en masse. A third scenario is a dissolution of the Lower House
+for a snap general election," the aide said.
+    That is only possible if the 200 opposition members resign
+from the 512-seat Lower House, necessitating by-elections.
+    The LDP now has 304 seats in the Lower House after its
+landslide victory in general elections last July.
+    There are five independents and three vacancies.
+    "The LDP which will put up candidates will certainly inflate
+their seats, but at the expense of fierce media criticism," the
+aide said.
+    He said he expected the proposed sales tax to have little
+effect on local elections to be held on April 12 and 26.
+    About 2,600 elections will be held in all but three of the
+nation's 47 prefectures including 13 gubernatorial elections.
+    "Candidates running in prefectural assemblies will all
+oppose the sales tax irrespective of their party tickets.
+    "Possible effects, if any, will be on gubernatorial
+elections in Japan's northernmost island of Hokkaido and
+Fukuoka in southern Japan," he said.
+    The two posts are now held by opposition socialists.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8584" NEWID="3671">
+<DATE>11-MAR-1987 10:50:16.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0384&#31;reute
+b f BC-EDF-ISSUING-FIVE-BILL   03-11 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDF ISSUING FIVE BILLION FRENCH FRANC BOND</TITLE>
+<DATELINE>    PARIS, March 11 - </DATELINE><BODY>The French electricity utility
+Electricite de France is issuing a five billion French franc
+bond in three tranches, co-lead manager Banque Paribas said
+here.
+    The issue is also being lead-managed by Credit Lyonnais.
+    The first two billion franc tranche carries a fixed
+interest rate of 8.30 pct, with a life of 11 years 316 days and
+redeemable en bloc at par at the end of its life. The issue
+price will be 96.44 pct and the payment date is March 30.
+    The second tranche of 1.5 billion francs will be
+denominated in 5,000 franc units and carry an 8.50 pct coupon,
+payable December 14 each year.
+    The issue price will be 98.18 pct and it will have a life
+of 12 years 259 days. Redemption will be en bloc at par at the
+end of its life, and the payment date will be March 30.
+    Each bond will carry a warrant permitting subscription on
+December 14, 1987 to a fixed-rate bond, which will be
+integrated with the previous issue at an issue price of 98.18
+pct, and with a nominal coupon of 8.50 pct.
+    The life of the issue will be 12 years.
+    A third tranche of 1.5 billion francs will be issued at a
+variable interest rate, and the whole issue will be quoted on
+the Paris Bourse.
+    Paribas and Credit Lyonnais will be market makers for the
+first two tranches, the communique added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8585" NEWID="3672">
+<DATE>11-MAR-1987 10:50:49.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0387&#31;reute
+d f BC-BALTEK-CORP-&lt;BTEK>-4T   03-11 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALTEK CORP &lt;BTEK> 4TH QTR NET</TITLE>
+<DATELINE>    NORTHVALE, N.J., March 11 -
+    </DATELINE><BODY>Oper shr 21 cts vs 34 cts
+    Oper net 480,000 vs 765,000
+    Revs 6,386,000 vs 5,862,000
+    Year
+    Oper shr 1.20 dlrs vs 78 cts
+    Oper net 2,692,000 vs 1,732,000
+    Revs 25.2 mln vs 20.3 mln
+    NOTEL Net excludes tax credit 35,000 dlrs vs reversal of
+credit 40,000 dlrs in quarter and credits 79,000 dlrs vs 72,000
+dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8586" NEWID="3673">
+<DATE>11-MAR-1987 10:51:09.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0389&#31;reute
+d f BC-SAHLEN-AND-ASSOCIATES   03-11 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAHLEN AND ASSOCIATES &lt;SALNU> COMPLETES PURCHASE</TITLE>
+<DATELINE>    DEERFIELD BEACH, Fla., March 11 - </DATELINE><BODY>Sahlen and Associates Inc
+said it has completed the purchase of Gleason Securities
+Service Inc of New York and Gleason Plant Security Inc of
+Connecticut.
+    Sahlen said the deal's terms were not disclosed, but added
+that the acquired companies had combined annual revenues of
+over 18 mln dlrs.
+    Sahlen, a private invetigation company, said the Gleason
+companies provide security guard services to corporations in
+the tri-state area.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8587" NEWID="3674">
+<DATE>11-MAR-1987 10:52:04.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0396&#31;reute
+s f BC-MEM-CO-INC-&lt;MEM>-DECL   03-11 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEM CO INC &lt;MEM> DECLARES QTLY DIV</TITLE>
+<DATELINE>    NORTHVALE, N.J., March 11 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts prior
+    Pay May 11
+    Record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8588" NEWID="3675">
+<DATE>11-MAR-1987 10:53:26.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0402&#31;reute
+r f BC-NYNEX-&lt;NYN>-URGES-JUS   03-11 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYNEX &lt;NYN> URGES JUSTICE DEPT. PLAN APPROVAL</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>NYNEX Corp will urge the U.S.
+District Court to approve Justice Department recommendations
+easing restrictions on offering new services by regional
+telephone firms, chairman Delbert Staley said.
+    "While NYNEX would have prefered the unqualified lifting of
+all of the Modified Final Judgement restrictions, we intend to
+urge Judge (Harold) Greene to act as quickly as possible to
+approve the recommendations," Staley told a news conference.
+    NYNEX will file its comments with the U.S. District Court
+on Friday, he said.
+    Staley referred to Justice Department recommendations to
+Greene last month that restrictions on manufacturing,
+information services and out-of-region, long-distance service
+be eliminated.
+    Referring to information services, Staley said, "That
+certainly is one area we would quickly move into."
+    Electronic mail, voice mail and videotext are some of the
+services NYNEX could offer, he added.
+    NYNEX disagreed with the department's recommendation to
+retain restrictions on long-distance service within a local
+service region, Staley said.
+    The company would like to have the option of providing
+long-distance service within and outside its region, he said.
+    "Our entry in long-distance would further stimulate
+competition," Staley said.
+    "We believe it would put downward pressure on consumer
+costs."
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8589" NEWID="3676">
+<DATE>11-MAR-1987 10:53:45.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0403&#31;reute
+d f BC-INSITUFORM-OF-NORTH-A   03-11 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSITUFORM OF NORTH AMERICA INC &lt;INSUA> 4TH QTR</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 11 -
+    </DATELINE><BODY>Shr nine cts vs four cts
+    Net 658,159 vs 299,930
+    Revs 3,770,341 vs 2,614,224
+    Avg shrs 7,382,802 vs 6,747,442
+    Year
+    Oper shr 33 cts vs 18 cts
+    Oper net 2,287,179 vs 1,045,799
+    Revs 13.1 mln vs 8,577,853
+    Avg shrs 6,874,505 vs 5,951,612
+    NOTE: 1985 year net includes 13,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8590" NEWID="3677">
+<DATE>11-MAR-1987 10:56:17.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0411&#31;reute
+r f BC-SOUTHWEST-AIRLINES-CO   03-11 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST AIRLINES CO &lt;LUV> UNIT ADDS SERVICE</TITLE>
+<DATELINE>    HOUSTON, March 11 - </DATELINE><BODY>Southwest Airlines Co's TranStar
+Airlines said it will add new flights and increase service to
+several cities, including Los Angeles.
+    TranStar said it will add a third daily nonstop April One
+from New Orleans to Los Angeles, bringing to 10 the total of
+non stop and connecting flights to that city.
+    It also will start nonstop service from San Antonio to Las
+Vegas and increase service to Orlando, Fla., it said.
+    The new schedule will feature three daily flights from San
+Antonio to Las Vegas, including one nonstop, one direct and one
+connecting flight, via Los Angeles.
+    TranStar said it will increase to three daily connecting
+flighs to Orlando, via Houston.
+    TranStar said the new April One schedule will offer 21
+daily departures from New Orleans to 11 cities in Florida,
+Texas, Nevada and California.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8591" NEWID="3678">
+<DATE>11-MAR-1987 10:56:21.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0412&#31;reute
+f f BC-******SEC-CHARGES-MER   03-11 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEC CHARGES MERRILL LYNCH U.K. MANAGING DIRECTOR NAHUM VASKEVITCH WITH INSIDER TRADING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8592" NEWID="3679">
+<DATE>11-MAR-1987 10:56:40.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0415&#31;reute
+w f BC-COMPUTER-TECHNOLOGY-&lt;   03-11 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER TECHNOLOGY &lt;CMNT> NETWORKING DEVICE</TITLE>
+<DATELINE>    MINNEAPOLIS, March 11 - </DATELINE><BODY>Computer Network Technology Corp
+said it introduced the CHANNELink Model 5100/R, a high speed
+networking product line.
+    It said the product line is designed for remote IBM
+mainframe-to-mainframe data communications.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8593" NEWID="3680">
+<DATE>11-MAR-1987 10:57:52.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0420&#31;reute
+d f BC-MAJOR-REALTY-CORP-&lt;MA   03-11 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR REALTY CORP &lt;MAJR> 4TH QTR LOSS</TITLE>
+<DATELINE>    ORLANDO, Fla., March 11 -
+    </DATELINE><BODY>Shr loss 19 cts vs profit 11 cts
+    Net loss 1,140,270 vs profit 590,463
+    Revs 1,259,164 vs 3,225,512
+    Year
+    Shr loss 67 cts vs profit 10 cts
+    Net loss 4,004,840 vs profit 580,488
+    Revs 3,184,480 vs 9,123,041
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8594" NEWID="3681">
+<DATE>11-MAR-1987 10:59:02.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0423&#31;reute
+d f BC-NUTMEG-INDUSTRIES-INC   03-11 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUTMEG INDUSTRIES INC &lt;NUTM> YEAR JAN 31 NET</TITLE>
+<DATELINE>    TAMPA, Fla., March 11 -
+    </DATELINE><BODY>Shr 14 cts
+    Net 510,917
+    Sales 12.3 mln
+    NOTE: Share adjusted for five for four stock split in
+January 1987.
+    Backlog 13.0 mln dlrs vs 3,733,000 dlrs.
+    Company began operating January 27, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8595" NEWID="3682">
+<DATE>11-MAR-1987 11:02:21.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f0434&#31;reute
+b f AM-INSIDER   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH U.K. EXECUTIVE CHARGED BY SEC</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>The Securities and Exchange Commission
+said it charged a managing director of
+&lt;Merrill Lynch, Pierce, Fenner and Smith Ltd> in London with
+masterminding "a massive insider trading scheme."
+    Nahum Vaskevitch, the managing director of the Mergers and
+Aquisitions Department of the broker's London office, was
+charged in a civil complaint by the SEC filed in Manhattan
+Federal Court. The complaint said Vaskevitch leaked information
+about 12 companies that were involved in a merger or aquisition
+which resulted in more than four mln dlrs in profit for himself
+and others involved in the scheme.
+    Besides Vaskevitch, who is a British and Israeli citizen
+who lives in London, others named as defendants in the suit
+were David Sofer, an Israeli citizen living in Jerusalem, and
+two corporations, &lt;Plenmeer Ltd>, a British company, and &lt;Meda
+Establishment>, a Lichtenstein corporation.
+    The scheme, which covered a two year period, allegedly
+involved Vaskevitch leaking information to Sofar about looming
+takeovers and mergers, some of which he worked on, according to
+the complaint. The SEC secured a temporary restraining order
+freezing all the assets of the defendants in the United States.
+A hearing is set for March 20.
+    Merrill Lynch, Pierce, Fenner and Smith is a subsidiary of
+Merrill Lynch and Co Inc &lt;MER>.
+    According to the court documents, Sofer is a principal in
+both Plenmeer and Meda Establishment and Vaskevitch has an
+interest in Plenmeer.
+    The suit was filed in New York because trading allegedly
+took place here. 
+    One of the deals in which an insider profit was alleged was
+the 1984 merger of K-Mart Corp &lt;KM> with &lt;Pay Less Drug
+Stores>.
+    Another deal was the sale by W.R. Grace and Co &lt;GRA> of its
+holdings in &lt;Hermann's Sporting Goods Co>.
+    An SEC official in Washington said the Vaskevitch case is
+unrelated to the agency's widening investigation into Wall
+Street's insider trading scandal involving Ivan Boesky and
+Dennis Levine.
+    Neither Vaskevitch nor Sofar are currently living in the
+United States and cannot be extradited on the basis of the
+SEC's civil charges filed against them, the official said.
+    Vaskevitch is living in England and Sofar's whereabouts are
+unknown, he said.
+    "We can't force them to come back," the official said.
+    The agency is moving to seize all U.S. assets of both men,
+which they could forfeit if they do not contest the case, the
+SEC official said.
+    Although the SEC recently signed an accord with Britain
+aimed at improving cooperation between the two countries in
+investigating securities law violations, the SEC official said
+it did not need to rely on U.K. authorities in this case.
+    "We were able to make our case against them here," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8596" NEWID="3683">
+<DATE>11-MAR-1987 11:02:30.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0436&#31;reute
+u f BC-TENNECO-&lt;TGT>-DECLINE   03-11 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENNECO &lt;TGT> DECLINES COMMENT ON STOCK</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>The New York Stock Exchange said
+Tenneco Inc declined to comment on whether there were any
+corporate developments that might explain the unusual activity
+in its stock.
+    The exchange said it had requested a statement from the
+company in light of the activity. Tenneco was up 1-7/8 dlrs to
+48-5/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8597" NEWID="3684">
+<DATE>11-MAR-1987 11:02:51.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0438&#31;reute
+u f BC-HENRY-ANSBACHER-HAS-5   03-11 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENRY ANSBACHER HAS 51 PCT OF ADAMS AND PORTER INC</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>&lt;Henry Ansbacher Holdings Plc> said it
+has acquired a 51 pct interest in the U.S. Retail and general
+corporate insurance broker &lt;Adams and Porter Inc>.
+    The move is the first step in building a new international
+insurance broking group following the appointment of a new
+management team for its Seascope Insurance Holdings unit.
+    Ansbacher said A and P has exciting growth potential,
+particularly on the east coast of the U.S. And has an annual
+revenue of more than four mln dlrs. Ansbacher shares were up
+4-1/2p to 90-1/2, helped by the announcement earlier today of a
+1986 pretax profit rise to 5.56 mln stg from 2.74 mln in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8598" NEWID="3685">
+<DATE>11-MAR-1987 11:03:43.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0444&#31;reute
+b f BC-SWISS-CANTONAL-BANK-G   03-11 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS CANTONAL BANK GROUP SETS 150 MLN SFR BOND</TITLE>
+<DATELINE>    ZURICH, March 11 - </DATELINE><BODY>The Central Issuing Office of the Swiss
+cantonal banks said it is launching a 150 mln Swiss franc 4-1/2
+pct 12-year bond issue at 99.75 pct.
+    Subscriptions close March 23.
+    The funds will be partly used for the conversion or
+repayment of an 80 mln franc 4-3/4 pct 1972/87 bond maturing on
+April 15.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8599" NEWID="3686">
+<DATE>11-MAR-1987 11:04:11.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0447&#31;reute
+b f BC-DEUTSCHE-BANK-ISSUES   03-11 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE BANK ISSUES 150 MLN AUSTRALIA DLR BOND</TITLE>
+<DATELINE>    London, March 11 - </DATELINE><BODY>Deutsche Bank Finance NV is issuing a
+150 mln Australia dlr bond due April 15, 1992 with a coupon of
+14-1/2 pct and priced at 101-1/2, said Deutsche Bank Capital
+Markets as lead manager.
+    Payment date is April 15. The securities will be listed on
+the Luxembourg Stock exchange and will available in
+denominations of 1,000 and 10,000 dlrs.
+    There is a 1-3/8 pct selling concession and a 5/8 pct
+combined management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8600" NEWID="3687">
+<DATE>11-MAR-1987 11:04:58.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0451&#31;reute
+u f BC-SOME-GERMAN-ENGINEERS   03-11 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOME GERMAN ENGINEERS AGAIN HOLD WARNING STRIKES</TITLE>
+<DATELINE>    FRANKFURT, March 11 - </DATELINE><BODY>The engineers union IG Metall said
+35,700 workers at 152 West German engineering companies held
+brief warning strikes today in support of the union's demands
+for higher wages and shorter working hours without loss of pay.
+    It said most of the stoppages were in northern Germany,
+where employers and union representatives met for talks on a
+collective wage agreement for 300,000 engineering workers in
+the Hamburg, Schleswig-Holstein and Lower Saxony areas.
+    IG Metall members began a series of nationwide warning
+strikes this week as part of the union's bid to raise wages by
+five pct and cut the working week to 35 hours from 38.5 hours.
+    Warning strikes held so far this week have generally lasted
+about one hour each.
+    Employers in northern German offered IG Metall a 2.7 pct
+rise in wages from April 1 and a further 1.5 pct from July next
+year. It also offered to cut the working week by half an hour
+from July 1988.
+    IG Metall rejected the offer, and further talks for
+northern Germany were later scheduled for March 23.
+    On Monday employers in the state of North Rhine-Westphalia
+offered workers there a similar package of wage rises and
+shorter working hours.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8601" NEWID="3688">
+<DATE>11-MAR-1987 11:06:29.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0460&#31;reute
+u f BC-NATWEST,-RABO-UNIT-RE   03-11 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATWEST, RABO UNIT REPORTS 8.8 PCT PROFIT GROWTH</TITLE>
+<DATELINE>    DEN BOSCH, Netherlands, March 11 - </DATELINE><BODY>Dutch bank F. Van
+Lanschot Bankiers N.V., Co-owned by National Westminster PLC
+&lt;NWBL.L> and RABOBANK B.A. &lt;RABN.A> , said 1986 net profit rose
+8.8 pct to 24.1 mln guilders on a 4.8-pct higher balance sheet
+total of 6.2 billion.
+    Van Lanschot Bankiers is a subsidiary of Van Lanschot
+Beleggingscompagnie B.V. In which Britain's National
+Westminster Bank PLC and Dutch cooperative bank RABOBANK
+Nederland B.A. Each have a 40-pct stake. Commercial Union's
+Dutch insurance unit &lt;Delta Lloyd Verzekeringsgroep N.V.> has a
+5.4-pct stake in Van Lanschot, which lowered risk provisions to
+22.5 mln guilders.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8602" NEWID="3689">
+<DATE>11-MAR-1987 11:07:32.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0470&#31;reute
+u f BC-INTERCO-ESTABLISHES-5   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERCO ESTABLISHES 50 MLN DLR REVOLVING FACILITY</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Missouri-based Interco Inc is
+establishing a 50 mln dlr, five year revolving credit facility,
+Swiss Bank Corp International Ltd said as arranger.
+    The facility allows for eurodollar and swingline advances
+up to 50 mln dlrs and also has an uncommitted option for
+short-term, multi-currency advances.
+    The margin for eurodollar advances is 20 basis points over
+London Interbank Offered Rates (LIBOR) and there is a
+utilisation fee of five basis points per annum if utilisation
+exceeds 50 pct.
+    Swiss Bank Corp said that the facility pays a commitment
+fee of 10 basis points per annum on undrawn amounts.
+    It has been syndicated on a club basis and signing is
+planned by the end of March.
+    Interco is a manufacturer and retailer of consumer products
+and services.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8603" NEWID="3690">
+<DATE>11-MAR-1987 11:07:47.29</DATE>
+<TOPICS><D>trade</D><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0471&#31;reute
+u f BC-LICHT-SEES-SMALL-RISE   03-11 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LICHT SEES RISE IN EUROPEAN BEET AREA: TRADE</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>West German sugar statistician F.O.
+Licht estimates European beet plantings this year at 7.22 mln
+hectares compared with a revised 1986 figure of 7.21 mln,
+traders said.
+    In its first estimate for 1987, it puts EC plantings at
+1.85 mln hectares compared with 1.89 mln in 1986, while it
+estimates sowings in Western Europe (including EC) at 2.49 mln
+hectares compared with 2.50 mln in 1986.
+    Traders said Licht forecasts Eastern Europe plantings at
+4.73 mln hectares against 4.72 mln in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8604" NEWID="3691">
+<DATE>11-MAR-1987 11:07:58.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0473&#31;reute
+d f BC-FRANK-B.-HALL-&lt;FBH>-O   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANK B. HALL &lt;FBH> OFFERS NEW SERVICE</TITLE>
+<DATELINE>    CLEVELAND, Ohio, March 11 - </DATELINE><BODY>Frank B. Hall and Co, an
+insurance and brokerage firm, said it has joined with &lt;Risk
+Science International> to offer banks a new service that
+assesses their environmental risk level.
+    Hall said that under recently enacted legislation banks and
+other financial institutions can be held liable for
+environmental risks in projects that they finance.
+    Therefore, Hall said, RSI will evaluate a property, assign
+it an environmental risk level and advise the bank about its
+options to reduce environmental risks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8605" NEWID="3692">
+<DATE>11-MAR-1987 11:08:51.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0479&#31;reute
+r f BC-LTV-&lt;LTV>-WINS-18.5-M   03-11 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LTV &lt;LTV> WINS 18.5 MLN DLR PAKISTAN ORDER</TITLE>
+<DATELINE>    SOUTH BEND, Ind., March 11 - </DATELINE><BODY>LTV Corp said Pakistan ordered
+180 military trucks and spare parts worth 18.5 mln dlrs from AM
+General, a unit of LTV's Missles and Electronics Group.
+    The company said the order includes 140 M809 Series
+five-ton trucks and 40 M44A2 Series 2-1/2 ton trucks. They are
+scheduled to be delivered later this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8606" NEWID="3693">
+<DATE>11-MAR-1987 11:08:58.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0480&#31;reute
+d f BC-RODMAN/RENSHAW-&lt;RR>-T   03-11 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RODMAN/RENSHAW &lt;RR> TO BUY 200,000 OF ITS SHARES</TITLE>
+<DATELINE>    CHICAGO, March 11 - </DATELINE><BODY>Rodman and Renshaw Capital Group Inc
+said its directors approved the repurchase of up to 200,000
+shares of the company's common stock on the open market, from
+time to time.
+    The shares may be used for acquisition and for stock option
+plans, it said.
+    Rodman and Renshaw completed its initial public offering of
+1.5 mln common shares in June 1986.  There are currently about
+4.2 mln shares issued and outstanding, it noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8607" NEWID="3694">
+<DATE>11-MAR-1987 11:09:38.03</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0482&#31;reute
+b f BC-/-FED-EXPECTED-TO-ADD   03-11 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD RESERVES</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>The Federal Reserve is expected to
+intervene in the government securities market to add temporary
+reserves via customer or system repurchase agreements,
+economists said.
+    Most economists said the Fed will inject reserves
+indirectly via customer repurchases, but they added that the
+Fed might opt for a direct injection of reserves via overnight
+system repurchases.
+    Federal funds opened at 6-3/8 pct and eased to 6-5/16 pct
+in early trading. Funds averaged 6.29 pct yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8608" NEWID="3695">
+<DATE>11-MAR-1987 11:11:36.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0495&#31;reute
+d f BC-BEN-AND-JERRY'S-HOMEM   03-11 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEN AND JERRY'S HOMEMADE INC &lt;BJIC> 4TH QTR NET</TITLE>
+<DATELINE>    WATERBURY, Conn., March 11 -
+    </DATELINE><BODY>Shr 10 cts vs two cts
+    Net 163,832 vs 31,063
+    Sales 5,434,430 vs 3,167,735
+    Avg shrs 1,712,231 vs 1,533,277
+    Year
+    Shr 59 cts vs 41 cts
+    Net 1,016,375 vs 550,625
+    Sales 19.7 mln vs 9,755,018
+    Avg shrs 1,710,256 vs 1,327,172
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8609" NEWID="3696">
+<DATE>11-MAR-1987 11:12:12.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0498&#31;reute
+r f BC-CITIZENS-FIDELITY-&lt;CF   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS FIDELITY &lt;CFDY> PAPER UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Standard and Poor's Corp said it
+raised to A-1-plus from A-1 the commercial paper of Citizens
+Fidelity Corp and its unit Citizens Fidelity Bank and Trust.
+    S and P cited the completion of the firm's merger with PNC
+Financial Corp &lt;PNCF>, saying PNC has shown solid earnings,
+excellent liquidity and a conservative capital position.
+    The rating agency also upgraded long-term debt supported by
+letters of credit of lead bank Citizens Fidelity Bank to
+AA-plus from A. The bank's certificates of deposit were upped
+to AA-plus and A-1-plus from A and A-1 respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8610" NEWID="3697">
+<DATE>11-MAR-1987 11:12:46.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0502&#31;reute
+r f BC-BONNEVILLE-PACIFIC-CO   03-11 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BONNEVILLE PACIFIC CORP &lt;BPCO> 3RD QTR JAN 31</TITLE>
+<DATELINE>    SALT LAKE CITY, March 11 -
+    </DATELINE><BODY>Shr 52 cts vs 41 cts
+    Net 4,921,601 vs 3,157,070
+    Revs 35.8 mln vs 31.7 mln
+    Avg shrs 8,939,955 vs 7,600,000
+    Nine mths
+    Shr 52 cts vs 34 cts
+    Net 4,604,406 vs 2,585,621
+    Revs 36.0 mln vs 32.1 mln
+    Avg shrs 8,939,955 vs 7,600,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8611" NEWID="3698">
+<DATE>11-MAR-1987 11:13:44.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0505&#31;reute
+b f BC-FORD-LAUNCHES-MARK-EU   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD LAUNCHES MARK EUROBOND WITH CURRENCY WARRANTS</TITLE>
+<DATELINE>    FRANKFURT, March 11 - </DATELINE><BODY>Ford Motor Credit Co &lt;F> is raising
+200 mln marks through a five-year eurobond with currency
+warrants attached, carrying a coupon of 5-3/4 pct and priced at
+116-3/4, lead manager Deutsche Bank AG said.
+    The issue will be sold in denominations of 1,000 and 10,000
+marks and listed in Frankfurt. Each 1,000 mark bond carries two
+warrants which can be converted into 500 dlrs each at an
+exchange rate of 1.86 marks. The exercise period runs from
+April 8, 1987 until March 6, 1989.
+    Fees total two pct, with 1-1/4 pct for selling and 3/8 pct
+each for management and underwriting.
+    Each 10,000 mark bond carries two warrants which can be
+converted into 5,000 dlrs each on the same terms as the
+warrants for the 1,000 mark bonds, Deutsche said.
+    The bond pays interest annually on March 25 and matures on
+the same date in 1992. Payment date is also March 25.
+    A management group is currently being formed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8612" NEWID="3699">
+<DATE>11-MAR-1987 11:16:27.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0519&#31;reute
+u f BC-JC-PENNEY-&lt;JCP>-UP-ON   03-11 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JC PENNEY &lt;JCP> UP ON SMITH BARNEY OPINION</TITLE>
+<DATELINE>    NEW YORK, MARCH 11 - </DATELINE><BODY>J.C. Penney Co's stock rose sharply 
+after analyst William Smith of Smith Barney recommended the
+stock, based on the company's strong earnings momentum and the
+possibility of a stock buyback, dividend hike or stock split,
+traders said.
+    "I am very impressed with the strong basic earnings story,"
+analyst Smith said, noting that the company has "fine tuned its
+buying and inventories, and has admirably controlled costs in a
+time that they needed to."
+    The stock jumped 2-1/2 to 98-3/4.
+    Smith said the company ended 1986 with a strong cash
+position of about 639 mln dlrs as compared to 158 mln dlrs the
+year before. "This implies the possibility of a share buyback,
+or significant dividend increase or a stock split," he said.
+    In addition, he said the company has been gradually
+adjusting its merchandise mix and its gross margins have been
+improving.
+    Smith expects the company to earn 8.25-to-8.50 dlrs a share
+in 1987 as compared to the 7.06 dlrs a share earned last year.
+Last year's results include a 69 cent charge for the buyback of
+debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8613" NEWID="3700">
+<DATE>11-MAR-1987 11:16:37.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0520&#31;reute
+r f BC-SCHERING-PLOUGH-&lt;SGP>   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHERING-PLOUGH &lt;SGP> TRADEMARK DISPUTE SETTLED</TITLE>
+<DATELINE>    KENILWORTH, N.J., March 11 - </DATELINE><BODY>Schering Corp, a unit of
+Schering-Plough Corp, said &lt;Nature's Blend Products Inc> agreed
+to an injunction against its Fiber Slim product.
+    Schering, the U.S. distributor of Fibre Trim made by &lt;Farma
+Food A/S> of Denmark, said it and Farma had sued Nature's
+Blend, claiming Nature's product infringed their trademark on
+Fibre Trim.
+    Schering said Nature's Blend agreed to stop making and
+selling food supplement products under the Fiber Slim
+trademark, but it did not admit liability.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8614" NEWID="3701">
+<DATE>11-MAR-1987 11:17:50.23</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0525&#31;reute
+u f BC-GERMAN-SUGAR-OFFERS-P   03-11 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN SUGAR OFFERS PUT AT ABOUT 100,000 TONNES</TITLE>
+<DATELINE>    HAMBURG, March 11 - </DATELINE><BODY>The West German intervention board said
+about 100,000 tonnes of sugar have been offered into
+intervention so far.
+    A spokesman, speaking from Frankfurt, told Reuters offers
+have increased recently but contracts have not yet been
+concluded. A European Commission spokesman in Brussels earlier
+confirmed that one mln tonnes of sugar had been offered to
+intervention boards in various member states. The intervention
+board spokesman in Frankfurt said, "One million tonnes is an
+awful lot and the Community's coffers are almost empty. This
+could turn into a serious political problem."
+    West German trade sources said they believed the one mln
+tonne offer by the EC sugar industry into intervention would
+have a neutral market impact overall.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8615" NEWID="3702">
+<DATE>11-MAR-1987 11:18:43.48</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0528&#31;reute
+u f BC-BANKERS-TRUST-CO-RAIS   03-11 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST CO RAISES BROKER LOAN RATE</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Bankers Trust Co said it raised its
+broker loan rate to 7-1/4 pct from seven pct, effective
+immediately.
+    U.S. Trust Co, which also quotes its broker loan rate
+publicly, is posting a 7-1/2 pct rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8616" NEWID="3703">
+<DATE>11-MAR-1987 11:19:25.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0531&#31;reute
+r f BC-NATIONAL-GYPSUM-&lt;NG>   03-11 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL GYPSUM &lt;NG> UNIT JOINS JAPANESE FIRM</TITLE>
+<DATELINE>    WASHINGTON, D.C., March 11 - </DATELINE><BODY>National Gypsum Co's Austin Co
+said it signed a joint agreement with &lt;Kawasaki Heavy
+Industries Inc> to join forces to win contracts in connection
+with the construction of Kansai Airport.
+    Austin said it and the Japanese firm will develop concepts,
+investigate systems and compete for the contracts for the
+international airport to be built off the coast near Osaka,
+Japan.
+    The company said the airport is expected to be the largest
+construction project in the country for the rest of the
+century. It will be built on 2,964 acres and estimates put the
+cost as high as 10 billion dlrs.
+    Cost estimated for the facilites that the Austin-Kawasaki
+team will propose to design and implement have ranged between
+200 mln dlrs and 250 mln dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8617" NEWID="3704">
+<DATE>11-MAR-1987 11:20:59.51</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0536&#31;reute
+r f BC-sigma-mines-details   03-11 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIGMA MINES DETAILS GOLD ORE RESERVES</TITLE>
+<DATELINE>    TORONTO, March 11 - </DATELINE><BODY>&lt;Sigma Mines (Quebec) Ltd>, 65 pct
+owned by Dome Mines Ltd, said its Sigma Mine had proven and
+probable reserves at the end of 1986 of 4,902,940 tons, with an
+average grade of 0.139 ounces of gold a ton.
+    Sigma said the reserves are equivalent to 10 years future
+production at current milling rates.
+    The reserves comprise 1,640,779 tons proven reserves
+grading an average of 0.163 ounces of gold a ton and 3,262,161
+tons probable reserves grading an average of 0.127 ounces of
+gold a ton.
+    Sigma said it changed its 1986 reserve reporting method
+following Dome Mines' previously reported move to adopt general
+industry practice of reporting proven and probable ore
+reserves.
+    Prior to 1986, Sigma conservatively reported only proven
+reserves that could be mined without future development costs.
+    Proven reserves as of December 31, 1985 were 978,000 tons
+grading an average of 0.194 ounces of gold a ton, equivalent to
+about two years future production.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8618" NEWID="3705">
+<DATE>11-MAR-1987 11:21:51.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0540&#31;reute
+r f BC-WITCO-&lt;WIT>-SELLS-CON   03-11 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WITCO &lt;WIT> SELLS CONVERTIBLE DEBT AT 5-1/2 PCT</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Witco Corp is raising 140 mln dlrs via
+an offering of convertible subordinated debentures due 2012
+with a 5-1/2 pct coupon and par pricing, said lead manager
+Smith Barney, Harris Upham and Co Inc.
+    The debentures are convertible into the company's common
+stock at 54.55 dlrs per share, representing a premium of 25.76
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the issue is rated A-3 by
+Moody's and A-minus by Standard and Poor's. Goldman Sachs
+co-managed the deal, which was increased from an initial
+offering of 100 mln dlrs because of investor demand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8619" NEWID="3706">
+<DATE>11-MAR-1987 11:24:47.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0554&#31;reute
+d f BC-GENZYME-&lt;GENZ>-GETS-T   03-11 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENZYME &lt;GENZ> GETS TESTING PATENT</TITLE>
+<DATELINE>    BOSTON, March 11 - </DATELINE><BODY>Genzyme Corp said the U.S. Patent Office
+has approved a patent for the company's method of testing for
+serum alpha amylase, an indicator of pancreatic disease.
+    "The patent strengthens Genzyme's proprietary position as
+the leading independent supplier of diagnostic enzymes and
+substrates," Henri Temeer, Genzyme president, said.
+    The company said the technology combines a unique substrate
+with two indicator enzymes in a diagnostic assay to measure
+serum amylase levels.
+    Genzyme said that since 1985 it has entered into several
+licensing agreements for the technology with amylase test kit
+makers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8620" NEWID="3707">
+<DATE>11-MAR-1987 11:25:10.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0555&#31;reute
+r f BC-MOORE-MCCORMACK-&lt;MMC>   03-11 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOORE MCCORMACK &lt;MMC> TO SELL GLOBE UNIT</TITLE>
+<DATELINE>    STAMFORD, March 11 - </DATELINE><BODY>Moore McCormack Resources Inc said it
+agreed in principle to sell its Globe Metallurgical Inc unit to
+Cyprus Minerals Co &lt;CYPM> for undisclosed terms.
+    The sale, expected to close by mid-April, is subject to
+certain conditions, including board approval at both companies.
+    Globe produces silicon metals and magnesium ferrosilicon.
+The products are used in the chemical, aluminum, iron, rubber
+and semiconductor industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8621" NEWID="3708">
+<DATE>11-MAR-1987 11:25:22.19</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0556&#31;reute
+u f BC-U.S.-HOSUING-COMPLETI   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOSUING COMPLETIONS FELL 0.2 PCT IN JANUARY</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>U.S. Completions of new homes fell
+0.2 pct in January to a seasonally adjusted rate of 1.884 mln
+units from 1.888 mln in December, the Commerce Department said.
+    The January fall came after a strong 6.4 pct rise from
+November's rate of 1.774 mln units and brought completions to
+6.7 pct above the January, 1986 level of 1.765 mln units.
+    In January, completions of single-family units rose 0.4 pct
+to a seasonally adjusted 1.183 mln units from 1.178 mln units
+in December while multi-family units fell 1.3 pct to 701,000
+units in January, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8622" NEWID="3709">
+<DATE>11-MAR-1987 11:25:38.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0558&#31;reute
+r f BC-ACTON-AUTO-RENTAL-INI   03-11 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACTON AUTO RENTAL INITIAL OFFERING STARTS</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Lead underwriter McDonald and Co
+Investments Inc &lt;MDD> said an offering of 900,000 shares of
+Action Auto Rental Inc is underway, priced at 12 dlrs per
+share.
+    Undewriters have been granted an option to purchase up to
+another 135,000 shares to cover overallotments.
+    The company is selling 697,500 shares and shareholders the
+rest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8623" NEWID="3710">
+<DATE>11-MAR-1987 11:25:58.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0560&#31;reute
+u f BC-CARGILL-U.K.-STRIKE-T   03-11 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARGILL U.K. STRIKE TALKS TO CONTINUE MONDAY</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Talks between management and unions at
+Cargill U.K. Ltd's Seaforth oilseed processing plant will
+resume Monday, a company spokesman said.
+    He said some progress had been made.
+    Three consecutive days of negotiations ended this afternoon
+after failing to break the deadlock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8624" NEWID="3711">
+<DATE>11-MAR-1987 11:26:11.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>icahn</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0561&#31;reute
+u f BC-JUSTICE-SAID-REVIEWIN   03-11 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. JUSTICE DEPARTMENT REVIEWS ICAHN USAIR FILING</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The U.S. Department of Justice (DOJ)
+is reviewing whether Trans World Airlines Inc &lt;TWA> and
+Chairman Carl Icahn violated federal antitrust law by failing
+to seek advance clearance from the DOJ or the Federal Trade
+Commission for his extensive open-market purchases of USAir
+Group Inc &lt;U> stock, a DOJ official told a Senate panel.
+    "This is a matter that is being looked into," Charles Rule,
+acting assistant attorney general-antitrust, told the Senate
+Judiciary Committee's Antitrust Subcommittee.
+    Rule declined further comment while the review was
+continuing.
+    Rule was responding to panel Chairman Howard Metzenbaum
+(D-Ohio), who had asked why the department was not acting
+against "what appears to be a clear violation of the law."
+    Metzenbaum said Icahn had failed to file a pre-merger
+notification form with the FTC prior to purchasing more than 15
+mln dlrs' worth of USAir stock.
+    But Rule said that, for airline companies, a purchaser
+would be exempt from the requirement if it instead had filed a
+merger application with the U.S. Department of Transportation.
+    Icahn filed such an application with the DOT, but the
+filing was thrown out by the DOT on Friday.
+    The DOT threw out the application late Friday on grounds it
+lacked the necessary data for the government to review the
+proposed USAir takeover bid.
+    Icahn refiled a more complete application form Monday.
+    Rule pledged to act against Icahn and TWA if a violation
+were found.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8625" NEWID="3712">
+<DATE>11-MAR-1987 11:26:29.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0564&#31;reute
+r f BC-ANITEC-IMAGE-&lt;ANTC>-S   03-11 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANITEC IMAGE &lt;ANTC> SELLS CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Anitec Image Technology Corp is
+raising 75 mln dlrs via an issue of convertible subordinated
+debentures due 2012 with a 5-7/8 pct coupon and par pricing,
+said lead manager Smith Barney, Harris Upham and Co Inc.
+    The debentures are convertible into the company's common
+stock at 32 dlrs a share, representing a 26.73 pct premium over
+the stock price when terms on the debt were set.
+    Non-callable for two years, the debentures are rated B-2 by
+Moody's and B by Standard and Poor's. Donaldson Lufkin, Salomon
+Brothers and Mabon Nugent co-managed the issue, which was
+increased from an initial offering of 60 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8626" NEWID="3713">
+<DATE>11-MAR-1987 11:26:35.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0565&#31;reute
+d f BC-T-CELL-SCIENCES-INC-&lt;   03-11 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>T CELL SCIENCES INC &lt;TCEL> 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 11 -
+    </DATELINE><BODY>Shr loss one ct vs loss 16 cts
+    Net loss 117,989 vs loss 528,394
+    Revs 820,484 vs 35,186
+    Avg shrs 8,226,577 vs 3,150,000
+    Nine mths
+    Shr loss seven cts vs loss 37 cts
+    Net loss 527,864 vs loss 1,177,434
+    Revs 1,975,487 vs 90,875
+    Avg shrs 7,277,418 vs 3,150,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8627" NEWID="3714">
+<DATE>11-MAR-1987 11:26:43.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0566&#31;reute
+h f BC-WISCONSIN-PUBLIC-SERV   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WISCONSIN PUBLIC SERVICE &lt;WPS> RAISES BUDGET</TITLE>
+<DATELINE>    GREEN BAY, WIS., March 11 - </DATELINE><BODY>Wisconsin Public Service Corp
+said in its annual report the company's five-year construction
+program, 1987 through 1991, is projected at 330 mln dlrs.
+    It said the amount, which includes about 4.0 mln dlrs for
+sulfur dioxide controls at company power plants, is 42 mln dlrs
+more than the previous five-year period.
+    Wisconsin Public Service also said natural gas sales
+dropped 22 pct, mainly because of the growing trend of large
+industrial customers to purchase gas directly from producers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8628" NEWID="3715">
+<DATE>11-MAR-1987 11:28:24.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0574&#31;reute
+f f BC-******MERRILL-LYNCH-S   03-11 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MERRILL LYNCH SAYS IT SUSPENDS NAHUM VASKEVITCH, HEAD OF LONDON MERGERS DEPARTMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8629" NEWID="3716">
+<DATE>11-MAR-1987 11:30:35.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0581&#31;reute
+b f BC-/MERRILL-LYNCH-&lt;MER>   03-11 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH &lt;MER> SUSPENDS U.K. MERGER CHIEF</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Merrill Lynch and Co &lt;MER> said the
+head of its mergers and acquisitions department in London,
+accused by U.S. authorities of insider trading violations, has
+been suspended from the firm.
+    If the charges are true "we are disappointed and angry,"
+Merrill Lynch said in a statement. Merrill Lynch said it has
+been cooperating with a Securities and Exchange Commission
+investigation of the matter for several months. The SEC charged
+Nahum Vaskevitch, a managing director of Merrill Lynch, Pierce,
+Fenner and Smith Ltd, with profiting from inside information
+about 12 companies involved in mergers.
+    "Merrill Lynch's position is and has always been that
+violations of the law are not tolerated," the firm said in a
+prepared statement.
+    "The apparently illegal trading activity took place away
+from Merrill Lynch through another broker-dealer and involved
+the employee's use of information which was properly available
+to him but improperly used," the statement said. "Merrill Lynch
+in no way benefited from the trades."
+    Merrill Lynch said Vaskevitch was suspended "when we were
+informed of the specific allegations and evidence." The company
+did not say precisely when the suspension took place.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8630" NEWID="3717">
+<DATE>11-MAR-1987 11:30:43.58</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0582&#31;reute
+r f BC-DUTCH-ADJUSTED-UNEMPL   03-11 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH ADJUSTED UNEMPLOYMENT UNCHANGED IN FEBRUARY</TITLE>
+<DATELINE>    THE HAGUE, March 11 - </DATELINE><BODY>Dutch seasonally-adjusted
+unemployment totalled 690,600 people in February, unchanged
+from January but down from 732,700 in February 1986, a Social
+Affairs Ministry spokesman said.
+    The unadjusted figure stood at 708,700 at the end of last
+month, a decline of 3,800 from the January total of 712,500 and
+comparing with 750,000 at the end of February last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8631" NEWID="3718">
+<DATE>11-MAR-1987 11:32:35.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0590&#31;reute
+u f BC-BREMER-LANDESBANK-ISS   03-11 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BREMER LANDESBANK ISSUES AUSTRALIAN DOLLAR BOND</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Bremer Landesbank Kreditanstalt Finance
+Curacao NV is issuing a 40 mln Australian dlr eurobond due
+April 24, 1990 paying 15 pct and priced at 101-3/8 pct, lead
+manager ANZ Merchant Bank Ltd said.
+    The issue, which is guaranteed by Bremer Landesbank
+Kreditanstalt, is available in denominations of 1,000 dlrs and
+will be listed in Luxembourg.
+    Fees comprise one pct selling concession and 1/2 pct for
+management and underwriting. Pay date is April 24.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8632" NEWID="3719">
+<DATE>11-MAR-1987 11:33:26.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0593&#31;reute
+b f BC-CORRECTED---BANCA-NAZ   03-11 0067</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTED - BANCA NAZIONALE DEL LAVORO =2 LONDON
+    The warrants will be issued by EFI Banca. Each warrant will
+entitle the holder to purchase 45 savings shares of Banca
+Nazionale de Lavoro at a premium of about 10 pct above the
+closing price on the Milan Stock Exchange on or before March
+17.
+    EFI Banca is a medium-term credit institution, about 36-1/2
+pct owned by Banca Nazionale del Lavoro.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8633" NEWID="3720">
+<DATE>11-MAR-1987 11:33:49.43</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0596&#31;reute
+u f BC-U.S.-HOUSING-COMPLETI   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSING COMPLETIONS FELL 0.2 PCT IN JAN</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Completions of new homes fell 0.2
+pct in January to a seasonally adjusted rate of 1.884 mln units
+from 1.888 mln in December, the Commerce Department said.
+    The January fall came after a strong 6.4 pct rise from
+November's rate of 1.774 mln units and brought completions to
+6.7 pct above the January, 1986, level of 1.765 mln units.
+    In January, completions of single-family units rose 0.4 pct
+to a seasonally adjusted 1.183 mln units from 1.178 mln units
+in December while multi-family units fell 1.3 pct to 701,000
+units in January, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8634" NEWID="3721">
+<DATE>11-MAR-1987 11:38:52.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0621&#31;reute
+u f BC-MITCHELL-ENERGY-AND-D   03-11 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITCHELL ENERGY AND DEVELOPMENT CORP &lt;MND> NET</TITLE>
+<DATELINE>    WOODLANDS, Texas, March 11 - </DATELINE><BODY>4th qtr Jan 31
+    Shr five cts vs 28 cts
+    Net 2,448,000 vs 13.3 mln
+    Revs 156.1 mln vs 225.5 mln
+    Avg shrs 47.3 mln vs 47.8 mln
+    Year
+    Shr 18 cts vs 1.01 dlrs
+    Net 8,430,000 vs 48.2 mln
+    Revs 587.9 mln vs 843.9 mln
+    Avg shrs 47.4 mln vs 47.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8635" NEWID="3722">
+<DATE>11-MAR-1987 11:39:12.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0623&#31;reute
+r f BC-BUSINESSLAND-&lt;BUSL>-C   03-11 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUSINESSLAND &lt;BUSL> COMPLETES OFFERING</TITLE>
+<DATELINE>    SAN JOSE, Calif., March 11 - </DATELINE><BODY>Businessland Inc said it sold
+50 mln dlrs of 5-1/2 pct convertible subordinated debentures
+due 2007 in a registered public offering.
+    The company said each debenture is convertible into shares
+of Businessland common stock at a conversion price of 20.50
+dlrs.
+    Net proceeds will be used to repay amounts outstanding
+under the company's bank credit line and for working capital,
+the company also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8636" NEWID="3723">
+<DATE>11-MAR-1987 11:39:22.50</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0624&#31;reute
+b f BC-U.S.-HOUSING-COMPLETI   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSING COMPLETIONS FELL 0.2 PCT IN JANUARY</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>U.S. Completions of new homes fell
+0.2 pct in January to a seasonally adjusted rate of 1.884 mln
+units from 1.888 mln in December, the Commerce Department said.
+    The January fall came after a strong 6.4 pct rise from
+November's rate of 1.774 mln units and brought completions to
+6.7 pct above the January, 1986 level of 1.765 mln units.
+    In January, completions of single-family units rose 0.4 pct
+to a seasonally adjusted 1.183 mln units from 1.178 mln units
+in December while multi-family units fell 1.3 pct to 701,000
+units in January, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8637" NEWID="3724">
+<DATE>11-MAR-1987 11:40:18.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0631&#31;reute
+r f BC-PENTAIR-&lt;PNTA>-FILES   03-11 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTAIR &lt;PNTA> FILES TO OFFER PREFERRED</TITLE>
+<DATELINE>    ST. PAUL, Minn., March 11 - </DATELINE><BODY>Pentair Inc said it has filed
+for an offering of two mln shares of cumulative convertible
+preferred stock at an expected price of 25 dlrs per share
+through underwriters led by &lt;Kidder, Peabody and Co Inc > and
+&lt;Piper, Jaffray and Hopwood Inc>.
+    It said proceeds would be used to repay bank debt incurred
+in the acquisition of McNeil Corp last August.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8638" NEWID="3725">
+<DATE>11-MAR-1987 11:40:45.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0635&#31;reute
+r f BC-GRAND-MET'S-HEUBLEIN   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAND MET'S HEUBLEIN TO CLOSE ALMADINE WINERY</TITLE>
+<DATELINE>    SAN JOSE, Calif., March 11 - </DATELINE><BODY>&lt;Grand Metropolitan PLC>'s
+Heublein Inc subsidiary said it will phase out operations at
+Almaden's San Jose winery and transfer production of the wines
+to the company's Madera, Calif., winery.
+    Heublein said the move will increase the Madera winery's
+efficiency by bringing it close to full capacity and result in
+the addition of more than 150 employees there.
+    Heublein said the phase-out of the recently acquired
+Almaden operations in San Jose is expected to be completed by
+late summer. The San Jose winery is expected to be sold, it
+added.
+    Heublein also said Almaden wines will continue to be
+marketed and sold by a separate marketing and sales force.
+    Almaden's administrative functions will move to Heublein's
+headquarters in Farmington, Conn., the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8639" NEWID="3726">
+<DATE>11-MAR-1987 11:40:57.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM A
+&#22;&#22;&#1;f0637&#31;reute
+r f BC-BOND-SERVICE-DOWNGRAD   03-11 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOND SERVICE DOWNGRADES ROYAL, BANK OF MONTREAL</TITLE>
+<DATELINE>    MONTREAL, March 11 - </DATELINE><BODY>The Canadian Bond Rating Service said
+it downgraded ratings for long-term senior debt and
+subordinated debentures at &lt;Royal Bank of Canada> and &lt;Bank of
+Montreal> due partly to loan loss problems.
+    Royal's long-term senior debt was downgraded to A plus
+(high) from A plus plus and 1.60 billion dlrs of subordinated
+debentures to A plus from A plus plus (low). Bank of Montreal's
+senior long-term debt rating fell to A plus (high) from A plus
+plus (low) and 1.46 billion dlrs of subordinated debentures to
+A plus (low) from A plus.
+    The rating service cited continued difficulties among Royal
+Bank customers, particularly in the energy industry, a
+continued high level of loan losses expected this year and 
+relatively high sovereign debt exposure in relation to common
+equity.
+    It cited Bank of Montreal's below average profitability and
+internal capital generation and relatively high international
+debt exposure in relation to common equity, although it noted
+that loan losses were expected to moderate in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8640" NEWID="3727">
+<DATE>11-MAR-1987 11:41:05.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0638&#31;reute
+r f BC-WITCO-CORP-&lt;WIT>-OFFE   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WITCO CORP &lt;WIT> OFFERS DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Witco Corp said it is offering 140 mln
+dlrs of 5-1/2 pct convertible subordinated debentures due 2012
+through co-managing underwriters Smith Barney Harris Upham and
+Co and Goldman Sachs and Co.
+    Each debenture is convertible into the company's common
+stock at a rate of 54.55 dlrs per share, which represents a
+conversion premium of about 25.8 pct over the last sale price
+of 43-3/8 per share yesterday, it said.
+    Proceeds will be used to finance acquisitions and for
+general purposes. The company said it has no agreements for and
+is not in talks regarding any acquisitions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8641" NEWID="3728">
+<DATE>11-MAR-1987 11:41:11.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0639&#31;reute
+r f BC-AMEX-TRADING-CHEMICAL   03-11 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX TRADING CHEMICAL WASTE &lt;CHW> OPTIONS</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>The &lt;American Stock Exchange> said it
+has started put and call option trading in Chemical Waste
+Management Inc stock as a replacement for options on
+Chesebrough-Ponds's Inc, which was recently acquired.
+    Initial expiration months are June and September and
+initial exercise prices 30 and 35, it said.  Position and
+exercise limits are 5,500 contracts on the same side of the
+market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8642" NEWID="3729">
+<DATE>11-MAR-1987 11:42:36.42</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0649&#31;reute
+f f BC-******FED-SETS-TWO-BI   03-11 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8643" NEWID="3730">
+<DATE>11-MAR-1987 11:43:08.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0653&#31;reute
+d f BC-GROUNDWATER-TECHNOLOG   03-11 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUNDWATER TECHNOLOGY INC &lt;GWTI> 3RD QTR JAN 31</TITLE>
+<DATELINE>    CHADDS FORD, Pa., March 11 -
+    </DATELINE><BODY>Shr 19 cts vs 12 cts
+    Net 850,000 vs 432,000
+    Sales 9,850,000 vs 4,783,000
+    Avg shrs 4,504,000 vs 3,527,000
+    Nine mths
+    Shr 57 cts vs 37 cts
+    Net 2,400,000 vs 1,281,000
+    Sales 25.2 mln vs 12.8 mln
+    Avg shrs 4,233,000 vs 3,485,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8644" NEWID="3731">
+<DATE>11-MAR-1987 11:43:16.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0654&#31;reute
+d f BC-BELLSOUTH-&lt;BSC>-UNIT   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELLSOUTH &lt;BSC> UNIT OFFERS NEW TELEPHONE SYSTEM</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., March 11 - </DATELINE><BODY>BellSouth Advanced Systems, a
+unit of BellSouth Corp, said it has introduced a private
+telephone system, called BellSouth System 30, offering smaller
+companies a wide range of advanced telecommunications services.
+    BellSouth said the services, aimed at companies requiring
+up to 20 telephones, include speed dialing for 500 frequently
+called numbers, last number redial, conference calling and
+speakerphones, among others.
+    The company said the System 30 has the capacity for 10
+outside lines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8645" NEWID="3732">
+<DATE>11-MAR-1987 11:43:25.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0655&#31;reute
+d f BC-FORD-LAUNCHES-MARK-EU   03-11 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> LAUNCHES MARK EUROBOND WITH WARRANTS</TITLE>
+<DATELINE>    FRANKFURT, March 11 - </DATELINE><BODY>Ford Motor Credit Co &lt;F> is raising
+200 mln marks through a five-year eurobond with currency
+warrants attached, carrying a coupon of 5-3/4 pct and priced at
+116-3/4, lead manager Deutsche Bank AG said.
+    The issue will be sold in denominations of 1,000 and 10,000
+marks and listed in Frankfurt. Each 1,000 mark bond carries two
+warrants which can be converted into 500 dlrs each at an
+exchange rate of 1.86 marks. The exercise period runs from
+April 8, 1987 until March 6, 1989.
+    Fees total two pct, with 1-1/4 pct for selling and 3/8 pct
+each for management and underwriting.
+    Each 10,000 mark bond carries two warrants which can be
+converted into 5,000 dlrs each on the same terms as the
+warrants for the 1,000 mark bonds, Deutsche said.
+    The bond pays interest annually on March 25 and matures on
+the same date in 1992. Payment date is also March 25.
+    A management group is currently being formed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8646" NEWID="3733">
+<DATE>11-MAR-1987 11:43:34.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0657&#31;reute
+d f BC-PRAGMA-BIO-TECH-&lt;PRAG   03-11 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRAGMA BIO-TECH &lt;PRAG> IN NITROGLYCERIN TESTING</TITLE>
+<DATELINE>    BLOOMFIELD, N.J., March 11 - </DATELINE><BODY>Pragma Bio-Tech Inc, a
+clinical testing company, said it has started performing
+comparative studies on differnet varieties of nitroglycerin for
+use in the treatment of angina pectoris episodes.
+    The company would not disclose details of the testing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8647" NEWID="3734">
+<DATE>11-MAR-1987 11:43:37.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0658&#31;reute
+s f BC-SEVEN-OAKS-INTERNATIO   03-11 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEVEN OAKS INTERNATIONAL INC &lt;QPON> IN PAYOUT</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 11 -
+    </DATELINE><BODY>Qtly div four cts vs four cts prior
+    Pay April 15
+    Record March 23
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8648" NEWID="3735">
+<DATE>11-MAR-1987 11:45:40.56</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0662&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-11 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange two billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at 6-5/16 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8649" NEWID="3736">
+<DATE>11-MAR-1987 11:46:01.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0663&#31;reute
+d f BC-ENGINEERING-MEASUREME   03-11 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENGINEERING MEASUREMENTS (EMCO) SETS PARTNERSHIP</TITLE>
+<DATELINE>    LONGMONT, Colo., March 11 - </DATELINE><BODY>Engineering Measurements Co
+said it formed a general partnership with several external
+investment groups in which the company will have a 58.5 pct
+interest and be managing partner.
+    Called Measurement Auditors Co, the partnership provides
+flowmeter certification and testing services to the oil and gas
+industry, Engineering Measurements said.
+    The company also said marketing vice president Jerome J.
+Rusnak has been apointed president, succeeding Charles Miller
+who continues as chairman.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8650" NEWID="3737">
+<DATE>11-MAR-1987 11:48:19.79</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>china</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0667&#31;reute
+u f BC-CHINA-BUYS-U.S.-HARD   03-11 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA BUYS U.S. HARD AND SOFT WHEAT</TITLE>
+<DATELINE>    CHICAGO, March 11 - </DATELINE><BODY>Private exporters said China bought a
+total of 550,000 tonnes of U.S. wheat under the export
+enhancement program, with final confirmation by the U.S.
+Department of Agriculture of the subsidies still awaited.
+    The purchase consisted of a total of 340,000 tonnes of hard
+red winter wheat for various May/Aug shipments, with 210,000
+tonnes of soft red winter for Aug/Sept, the exporters said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8651" NEWID="3738">
+<DATE>11-MAR-1987 11:53:35.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0679&#31;reute
+d f BC-PROPERTY-TRUST-OF-AME   03-11 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPERTY TRUST OF AMERICA &lt;PTRAS> YEAR NET</TITLE>
+<DATELINE>    EL PASO, Texas, March 11 -
+    </DATELINE><BODY>Ope shr 63 cts vs 80 cts
+    Oper net 3,169,000 vs 3,757,000
+    Revs 9,585,000 vs 10.2 mln
+    Avg shrs 5,070,000 vs 4,721,000
+    NOTE: Net excludes gains from sale of investments of
+887,000 dlrs vs 304,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8652" NEWID="3739">
+<DATE>11-MAR-1987 11:55:51.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0683&#31;reute
+r f BC-SYNERGEN-&lt;SYGN>-TO-MA   03-11 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNERGEN &lt;SYGN> TO MAKE DRUG FOR CIBA-GEIGY</TITLE>
+<DATELINE>    BOULDER, Colo., March 11 - </DATELINE><BODY>Synergen Inc said it agreed to
+provide its human elastase inhibitor, designed to treat
+emphysema, to Ciba-Geigy AG &lt;CIGZ> for human clinical trials.
+    Ciba-Geigy is currently testing the substance in animals,
+but the company said the new supplies of the drug will be
+suitable for human tests.
+    The company said Ciba-Geigy initially licensed the product
+in 1985. The new agreement calls for Synergen to set up a
+commercial manufacturing process to produce the drug and
+deliver quantities to Ciba-Geigy in the second half 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8653" NEWID="3740">
+<DATE>11-MAR-1987 12:00:34.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0693&#31;reute
+u f BC-CHI-CHI'S-INC-&lt;CHIC>   03-11 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHI-CHI'S INC &lt;CHIC> 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    LOUISVILLE, Ky., March 11 -
+    </DATELINE><BODY>Shr loss 38 cts vs profit eight cts
+    Net loss 10.4 mln vs profit 2,144,317
+    Revs 72.9 mln vs 67.4 mln
+    Nine mths
+    Shr loss 21 cts vs profit 38 cts
+    Net loss 5,747,393 vs profit 10.1 mln
+    Revs 224.6 mln vs 200.6 mln
+    NOTE: Current year net both periods includes 20.0 mln dlr
+pretax charge for disposition of 21 underperforming
+company-owned restaurants.
+    Current year net includes tax credits of 3,205,000 dlrs in
+quarter and 7,305,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8654" NEWID="3741">
+<DATE>11-MAR-1987 12:01:31.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0701&#31;reute
+f f BC-******CHEMLAWN-CORP-S   03-11 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHEMLAWN CORP SAID IT IS TALKING WITH NEW SUITORS ABOUT BEING ACQUIRED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8655" NEWID="3742">
+<DATE>11-MAR-1987 12:02:23.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0706&#31;reute
+u f BC-CHI-CHI'S-&lt;CHIC>-TAKE   03-11 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHI-CHI'S &lt;CHIC> TAKES 20 MLN DLR CHARGE</TITLE>
+<DATELINE>    LOUISVILLE, Ky., March 11 - </DATELINE><BODY>Chi-Chi's Inc said it has taken
+a 20 mln dlr pretax charge against earnings for the third
+quarter ended January 31 to cover the cost of disposing of 21
+"underperforming" company-owned restaurants.
+    The company also said it has agreed to repurchase up to
+three mln common shares on the open market.
+    The company now has about 27.1 mln shares outstanding.
+    Chi-Chi's today reported a loss for the third quarter ended
+January 31, after the pretax charge and a 7,305,000 dlr tax
+credit, of 10.4 mln dlrs, compared with a year-earlier profit
+of 2,144,317 dlrs.
+    Chi-Chi's said it believes the disposition of the
+restaurants has the potential of increasing its pretax earnings
+by about two mln dlrs next fiscal year.
+    The company said it will use existing cash resources for
+the share repurchases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8656" NEWID="3743">
+<DATE>11-MAR-1987 12:04:27.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0721&#31;reute
+u f BC-DUPONT-&lt;DD>-UP-ON-REC   03-11 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUPONT &lt;DD> UP ON RECOMMENDATIONS</TITLE>
+<DATELINE>    NEW YORK, MARCH 11 - </DATELINE><BODY>Shares of Du Pont Co rose today after
+accumulating recommendations from Shearson Lehman Brothers and
+First Boston, traders said.
+    Du Pont, which opened with a two point gain, stood at
+109-1/8, up 1-1/8.
+    First Boston's analyst was not available for comment.
+    Analyst Theodore Semegran of Shearson said he raised his
+earnings estimates for the company to 7.25 dlrs a share in 1987
+and eight dlrs a share in 1988. The company earned 6.35 dlrs a
+share in 1986.
+    "Good domestic demand, higher operating earnings and a
+strng export business, probably benefitting from a lower dollar
+and effects of reduced imports in chemicals will continue to
+aid Du Pont." He also noted that energy earnings in the first
+quarter are better than expected because of the rise in crude
+prices. Semegran expects first quarter earnings
+of about 1.85 dlrs a share from 1.67 dlrs last year.
+    He also expects the company to raise its annual dividend
+about 20 to 30 cts a share, from its current dividend of 3.20
+dlrs a share, "and a stock split is possible but it has a low
+probablility."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8657" NEWID="3744">
+<DATE>11-MAR-1987 12:07:57.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0751&#31;reute
+b f BC-CHEMLAWN-&lt;CHEM>-IN-TA   03-11 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMLAWN &lt;CHEM> IN TALKS ON BEING ACQUIRED</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 11 - </DATELINE><BODY>ChemLawn Corp said it has
+started talks on the possible sale of the company with "various
+parties" that it did not identify.
+    The company said the talks began after it considred and
+rejected Waste Management Inc's &lt;WMX> 27 dlr per share tender
+offer for all its sharesd.
+    ChemLawn gave no details on the talks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8658" NEWID="3745">
+<DATE>11-MAR-1987 12:08:10.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0753&#31;reute
+u f BC-TURKISH-BANK-SEEKS-20   03-11 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH BANK SEEKS 20 MLN DLR LOAN</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Uluslararasi Endustri ve Ticaret Bankasi
+AS (INTERBANK), a large privately-owned trade financing bank in
+Turkey, is seeking a 20 mln dlr committed export advance
+facility, Morgan Guaranty Ltd said as lead manager.
+    The financing will be for 14 months, but the borrower will
+have the option after 10 months to request an extension for
+another six months. Those banks wishing to extend would receive
+another 25 basis point fee.
+    The financing will be in dollars and marks, although mark
+borrowings cannot exceed 50 pct of the facility.
+    The facility will be available for 70 days and interest
+will be at 1-1/4 pct over the London Interbank Offered Rate
+(LIBOR). There will be a commitment fee of 50 basis points.
+    Banks are being invited to join the facility at four mln
+dlrs for 55 basis points and at two mln dlrs for 40 basis
+points.
+    Responses are due by April 3 and the financing is being
+syndicated among a broad-based group of international banks to
+diversify the borrower's traditional lending base.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8659" NEWID="3746">
+<DATE>11-MAR-1987 12:08:38.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0758&#31;reute
+r f BC-&lt;CATO-CORP>-FILES-FOR   03-11 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CATO CORP> FILES FOR INITIAL OFFERING</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 11 - </DATELINE><BODY>Cato Corp said it has filed for
+an initial public offering of about three mln common shares.
+    Cato said the offering, to be made in late April or early
+May, is expected to raise 35 to 45 mln dlrs.
+    Cato, which had been publicly held several years ago before
+going private, operates a chain of women's specialty stores in
+small to medium-sized towns.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8660" NEWID="3747">
+<DATE>11-MAR-1987 12:09:38.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0760&#31;reute
+d f BC-SHV-WITHDRAWS-IC-GAS   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHV WITHDRAWS IC GAS OFFER</TITLE>
+<DATELINE>    UTRECHT, Netherlands, March 11 - </DATELINE><BODY>SHV Holdings NV said it is
+withdrawing its take-over bid for Imperial Continental Gas
+Association &lt;ICGS.L> after failing to gain the minimum number
+of pledges sought from IC Gas shareholders.
+    SHV said in a statement it had sought to gain 750,000 IC
+Gas shares under a 700p offer for IC Gas ordinary stock but was
+informed that level was not reached when the deadline expired.
+"The tender offer is therefore void," it said.
+     SHV also offered 252 pence for every one stg nominal of IC
+Gas loan stock under the bid, made by &lt;SHV (United Kingdom)
+Holding Co Ltd>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8661" NEWID="3748">
+<DATE>11-MAR-1987 12:11:16.42</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>inro</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0772&#31;reute
+u f BC-PROGRESS-AT-RUBBER-PA   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROGRESS AT RUBBER PACT TALKS REPORTED SLOW</TITLE>
+<DATELINE>    GENEVA, March 11 - </DATELINE><BODY>Negotiators at a United Nations
+conference on natural rubber are making slow progress towards
+reaching an agreement, delegates said.
+    The conference, which began Monday, is widely seen as the
+final effort to adopt a new International Natural Rubber
+Agreement (INRA) before the current one expires in October.
+    Some 40 producing and consuming countries are taking part
+in the two-week meeting. This is the fourth such conference in
+nearly two years.
+    Delegates said both sides still appeared divided on the key
+issue of the price adjustment mechanism.
+    Consumers want frequent price reviews at 12 month intervals
+instead of 18 months as at present, a proposal currently
+rejected by producers.
+    And while consumers press for the price adjustment to be
+automatic, producers have resisted reducing the role of the
+International Rubber Organization Council in the price
+adjustment procedure.
+    Conference chairman Manaspas Xuto of Thailand has said it
+was "imperative" to settle outstanding issues this week so that
+technical drafting work can be done next week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8662" NEWID="3749">
+<DATE>11-MAR-1987 12:11:23.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0773&#31;reute
+d f BC-SCHERING-PLOUGH-&lt;SGP>   03-11 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHERING-PLOUGH &lt;SGP> OBTAINS INJUNCTION</TITLE>
+<DATELINE>    KENILWORTH, N.J., March 11 - </DATELINE><BODY>Schering-Plough Corp said it
+obtained an injunction against Nature's Blend Products Inc of
+due to trademark infringement on its Fibre Trim label.
+    Under terms of the injunction, Nature's Blend agreed to
+refrain from making and selling food supplement products under
+the trademark Fiber Slim or using any any trademark that
+simulates the trade dress of Fibre Trim.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8663" NEWID="3750">
+<DATE>11-MAR-1987 12:11:30.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0774&#31;reute
+s f BC-LORD-ABBETT-AND-CO-DE   03-11 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LORD ABBETT AND CO DECLARES MUTUAL FUND DIVS</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>LORD ABBETT VALUE APPRECIATION FUND
+    Annual div 33 cts vs 23 cts prior
+    Long term capital gain 2.06 vs 75 cts prior
+    Short term capital gain 18 cts vs 11 cts prior
+    Pay April 6
+    Record March 12
+    
+    LORD ABBETT U.S. GOVERNMENT SECURITIES FUND
+    Daily div .029 cts vs .029 cts prior
+    Pay April 15
+    Record April 15
+    LORD ABBETT TAX FREE INCOME NATIONAL SERIES
+    Daily .068 cts vs .068 prior
+    Pay April 15
+    Record April 15
+    
+    LORD ABBETT TAX FREE INCOME FUND NY SERIES
+    Daily .067 cts vs .067 cts prior
+    Pay April 15
+    Record April 15
+    
+    LORD ABBETT TAX FREE INCOME FUND TEXAS SERIES
+    Daily .059 cts vs .059 cts prior
+    Pay April 15
+    Record April 15
+    LORD ABBETT CALIFORNIA TAX FREE INCOME FUND
+    Daily .062 vs .063 cts prior
+    Pay April 15
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8664" NEWID="3751">
+<DATE>11-MAR-1987 12:12:41.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0782&#31;reute
+d f BC-&lt;ASSOCIATES-CORP-OF-N   03-11 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ASSOCIATES CORP OF NORTH AMERICA> 1ST QTR NET</TITLE>
+<DATELINE>    DALLAS, March 11 - </DATELINE><BODY>Qtr ended Jan 31
+    Net 55.3 mln dlrs vs 51.7 mln dlrs
+    Revs 419.1 mln vs 391.7 mln
+    Note: Revs include investment and other income of 18.4 mln
+dlrs vs 18.5 mln dlrs.
+    Company is wholly owned by Gulf and Western Corp &lt;GW>.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8665" NEWID="3752">
+<DATE>11-MAR-1987 12:14:00.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0788&#31;reute
+d f BC-CONSUMERS-POWER-&lt;CMS>   03-11 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUMERS POWER &lt;CMS> COGENERATION QUALIFIED</TITLE>
+<DATELINE>    DETROIT, March 11 - </DATELINE><BODY>Consumers Power Co said the Federal
+Energy Regulatory Commission approved the company's Midland
+cogeneration venture as a "qualifying" facility under the
+Public Utility Regulatory Policies Act.
+    It said the approval overcomes the last potential federal
+hurdle to converting Midland to a combined-cycle, natural
+gas-fired cogeneration plant.
+    In October 1986, the venture received permission from the
+U.S. Department of Energy to fuel the plant permanently with
+natural gas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8666" NEWID="3753">
+<DATE>11-MAR-1987 12:14:51.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0792&#31;reute
+r f BC-CANADA-OKAYS-VIPONT-L   03-11 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA OKAYS VIPONT LABS &lt;VLAB> TOOTHPASTE</TITLE>
+<DATELINE>    FORT COLLINS, Colo., March 11 - </DATELINE><BODY>Vipont Laboratories Inc
+said the Canadian Bureau of Non-Prescription Drugs approved its
+Viadent toothpaste and oral rinse for marketing.
+    The company also said it finalized an agreement with a
+Canadian marketing company to introduce the product in the
+country. It said Viadent helps prevent plaque build-up and
+inflamed gums.
+    The products should be available in Canada in three to four
+months, the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8667" NEWID="3754">
+<DATE>11-MAR-1987 12:14:58.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0793&#31;reute
+d f BC-METROMEDIA-UNVEILS-NE   03-11 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROMEDIA UNVEILS NEW WATS SERVICE</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>&lt;Metromedia Long Distance> said it has
+introduced OnePlus Wats, a telecommunications service for high
+volume callers.
+    Metromedia said OnePlus uses a local switched network
+rather than dedicated connections to link customers to the
+nearest Metromedia Long Distance switching center and could
+save customers up to 35 pct off of competitors' rates for long
+distance service.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8668" NEWID="3755">
+<DATE>11-MAR-1987 12:15:05.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0794&#31;reute
+d f BC-NEWPORT-PHARMACEUTICA   03-11 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWPORT PHARMACEUTICALS &lt;NWPH> 3RD QTR LOSS</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., March 11 - </DATELINE><BODY>Period ended January 31.
+    Shr loss six cts vs profit one ct
+    Net loss 536,000 vs profit 166,000
+    Revs 2,099,000 vs 3,149,000
+    Avg shrs 10,429,000 vs 9,943,000
+    Nine Mths
+    Shre loss nine cts vs loss five cts
+    Net loss 790,000 vs loss 377,000
+    Revs 7,089,000 vs 7,646,000
+    Avg shrs 10,406,000 vs 9,351,000
+    Note: Full name Newport Pharmaceuticals International Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8669" NEWID="3756">
+<DATE>11-MAR-1987 12:15:14.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0795&#31;reute
+d f BC-INTEGRATED-&lt;IGNG>-FIE   03-11 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED &lt;IGNG> FIELD TRIALS APPROVED</TITLE>
+<DATELINE>    FRAMINGHAM, Mass, March 11 - </DATELINE><BODY>Integrated Genetics Inc said
+the Food and Drug Administration approved field trials of a
+hormone which is essential to the regulation of cows'
+reproduction.
+    Integrated said field trials will begin immediately under
+the direction of Granada Corp's Granada R and D Ventures,
+Integrated's partner in this area.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8670" NEWID="3757">
+<DATE>11-MAR-1987 12:15:37.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0798&#31;reute
+s f BC-THE-RAYMOND-CORP-&lt;RAY   03-11 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE RAYMOND CORP &lt;RAYM> DECLARES QTLY DIV</TITLE>
+<DATELINE>    GREENE, N.Y., March 11 -
+    </DATELINE><BODY>Qtly div 11-3/4 cts vs 11-3/4 cts prior
+    Pay March 27
+    Record March 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8671" NEWID="3758">
+<DATE>11-MAR-1987 12:16:24.21</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0801&#31;reute
+r f BC-MITCHELL-ENERGY-&lt;MND>   03-11 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITCHELL ENERGY &lt;MND> AGAIN CUTS CAPITAL OUTLAYS</TITLE>
+<DATELINE>    THE WOODLANDS, Texas, March 11 - </DATELINE><BODY>Mitchell Energy and
+Development Corp said it plans to hold its capital spending in
+fiscal 1988, ending January 31, to 96 mln dlrs, down from the
+123 mln dlrs spent in 1987 and 213 mln dlrs in 1986.
+    The company also said its natural gas revenues so far this
+year have been reduced by lower contract customer purchases due
+to mild weather and soft economic conditions.
+    "But the contracts call for the lower 'takes' to be made up
+during the course of the year," Mitchell Energy said. Meanwhile
+it will sell additional quantities of gas on the spot market.
+    Mitchell Energy said the additional spot sales will tend to
+lower the average price realized for gas in the early part of
+fiscal 1988.
+    However, it said the average for the full year is not
+expected to be significantly lower than the 2.99 dlrs per
+thousand cubic feet averaged in fiscal 1987.                   
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8679" NEWID="3759">
+<DATE>11-MAR-1987 12:16:39.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0803&#31;reute
+r f BC-INVESTOR-TO-TAKE-CONT   03-11 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR TO TAKE CONTROL OF RIVER OAKS &lt;ROI></TITLE>
+<DATELINE>    BIRMINGHAM, Ala., March 11 - </DATELINE><BODY>River Oaks Industries Inc said
+it agreed in principle to give control of the company to Benson
+Seizer, a New York investor, in return for 2.6 mln dlrs in
+capital.
+    The company, a maker of mobile homes, said it terminated
+merger discussions with &lt;Nursing Centers of America>.
+    River Oaks said it will place a 2.6 mln dlr convertible
+note with Seizer, who in turn will name six additional members
+to the company's five-member board. One of the new directors
+will take over as chairman and chief executive officer, River
+Oaks said.
+    River Oaks said the note will be convertible into two mln
+shares of its common stock at one dlr a share. The company
+currently has 14 mln shares outstanding.
+    The company said it will also grant Seizer an option to buy
+an additional 2.6 mln shares during the next four years at 1.25
+dlrs a share during the first year and 1.50 dlrs a share
+thereafter.
+    The company said the money raised from Seizer will further
+strengthen its balance sheet and enhance its ability to seek
+selective expansion opportunities.
+    Seizer is experienced in turnaround situations and is
+expected to take direct involvement in River Oaks management,
+said Charles F. DeGroot, who will remain a director of the
+company after giving up the post of chairman to one of Seizer's
+board nominees.
+    Don Manning will cede his post as chief executive but will
+remain president, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8680" NEWID="3760">
+<DATE>11-MAR-1987 12:17:05.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0807&#31;reute
+d f BC-GEVAERT-NV-&lt;GEVN.BR>   03-11 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEVAERT NV &lt;GEVN.BR> 1986 YEAR</TITLE>
+<DATELINE>    BRUSSELS, March 11 -
+    </DATELINE><BODY>Consolidated group net profit 1.88 billion francs vs 1.29
+billion.
+    Net financial and operating profit 1.11 billion vs 825.1
+mln.
+    Extraordinary earnings 774.7 mln vs 462.8 mln.
+    Net dividend 165 francs vs 150.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8681" NEWID="3761">
+<DATE>11-MAR-1987 12:17:29.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0809&#31;reute
+d f BC-CREDITHRIFT-FINANCIAL   03-11 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDITHRIFT FINANCIAL TO REDEEM NOTES</TITLE>
+<DATELINE>    EVANSVILLE, IND., March 11 - </DATELINE><BODY>(Credithrift Financial Corp)
+said its board authorized the redemption of the company's 8.20
+pct Senior Notes due Dec 15, 1987.
+    It said the notes are to be redeemed April 20 at a price
+equal to 100 pct of the principal amount of the notes plus
+accrued interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8682" NEWID="3762">
+<DATE>11-MAR-1987 12:21:35.59</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0818&#31;reute
+r f BC-NATIONAL-SAVINGS-MOVE   03-11 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL SAVINGS MOVE POINTS TO LOWER U.K. RATES</TITLE>
+<AUTHOR>    By Geert Linnebank, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>U.K. Interest rates look set to move
+lower even after Monday's half-point cut in bank base rates to
+10-1/2 pct, analysts said, citing as evidence the suspension of
+a British National Savings issue yesterday.
+    The Department of National Savings, effectively a Treasury
+Department unit, yesterday suspended its 32nd issue, launched
+in October and paying a high tax-free 8-3/4 pct on five-year
+private investments between 25 and 5,000 stg. A spokesman said
+the suspension was just a reaction to yields on national
+savings bonds being way out of line with the rest of the
+market.
+    The move was followed by a surprise sell-out within minutes
+today of a Bank of England one-billion stg tap issue, the
+second such issue in as many weeks, analysts noted.
+    They said the near-instant sale of the entire new gilts
+issue, for which the Bank of England had required a high 40 pct
+downpayment, was clear evidence that the market thought rates
+had to drop sooner rather than later.
+    The sale of the tranche of 8-3/4 pct treasury bonds due
+1997 occurred in an active, bullish gilts market as downward
+pressure on money market rates remained intact, with the
+bellwether three-month interbank rate down 1/8 point at
+10-9-7/8 pct.
+     It coincided with another strong sterling rally which
+pushed the pound to four-year highs against the dollar.
+    "That government stock disappeared very quickly indeed," said
+Stephen Lewis, head of economic research at stockbrokers
+Phillips and Drew; "It is an indication that the market believes
+rates are going to fall further ... At least by a half-point
+immediately after the budget (on March 17), and some people
+hope for more."
+    Stockbrokers James Capel said in a comment the move by the
+National Savings Department was "of considerable significance."
+    It said, "the real message ... Is that the decks are being
+quickly cleared so as to facilitate a speedy decision by the
+building societies to cut their rates when the inevitable cut
+in bank base rates to 10 pct materialises."
+    Building societies have said a drop in bank base rates
+would normally have to exceed half a point to give rise to a
+reduction in mortgage lending rates.
+    Lewis of Phillips and Drew said he too believed the
+National Savings issue suspension may reflect new U.K. Treasury
+policy to point building societies towards a mortgage rate cut.
+    "National Savings has been competing too effectively with
+the building societies of late. Building society income has
+been depressed in recent months," he said.
+    He and other analysts said Chancellor of the Exchequer
+Nigel Lawson was keen to see mortgage rates fall to keep a lid
+on U.K. Inflation.
+    Underlying upward pressure on prices is stronger in Britain
+than in most other Western economies with inflation seen rising
+well above four pct this year and above five pct in 1988 after
+last year's 3.7 pct.
+    Emphasising the impact of mortgage rates on consumer
+prices, Lewis said a one-point cut in building society rates
+would reduce inflation in Britain by about 0.4 pct.
+    But Lewis and others noted that building societies had been
+complaining to the government about intense competition from
+National Savings, which they argued reduced the scope for early
+mortgage rate cuts.
+    "The Chancellor need not be worried about losing some PSBR
+funding from National Savings, but he must be taking the
+building societies' criticism to heart. It looks like the
+National Savings move reflects this," one senior dealer said.
+    A Savings Department spokesman refused to comment on this
+interpretation, saying the suspension of the issue was merely a
+reaction to the recent fall in U.K. Interest rates, which had
+pushed yields on national savings bonds way out of line with
+the rest of the market.
+    "We are not politically motivated ... Funding was just
+becoming too expensive and we don't need all that money," he
+told Reuters, adding the department had suspended issues at
+least twice in the past, when offered interest rates were above
+or below market rates.
+    He said demand for the issue had risen sharply of late as
+U.K. Money market rates continued their steady decline and
+income was threatening to overshoot an unofficial three billion
+stg target set for fiscal 1986 ending March 31.
+    In the first 10 months of fiscal 1986, National Saving's
+contribution to government funding totalled 2.72 billion stg,
+compared with 2.01 billion stg in the same period of the
+previous year, official figures show.
+    Figures for February, out on Monday, are expected to show a
+further increase of between 300 and 400 mln stg, pushing the
+total for 11 months above target, government officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8683" NEWID="3763">
+<DATE>11-MAR-1987 12:22:59.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0827&#31;reute
+s f BC-NICOR-INC-&lt;GAS>-REGUL   03-11 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NICOR INC &lt;GAS> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    NAPERVILLE, ILL., March 11 -
+    </DATELINE><BODY>Qtly div 45 cts vs 45 cts previously
+    Pay May 1
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8684" NEWID="3764">
+<DATE>11-MAR-1987 12:28:01.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0850&#31;reute
+s f BC-HANDLEMAN-CO-&lt;HDL>-SE   03-11 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANDLEMAN CO &lt;HDL> SETS QUARTERLY</TITLE>
+<DATELINE>    TROY, Mich., March 11 -
+    </DATELINE><BODY>Qtly div 14 cts vs 14 cts prior
+    Pay April 10
+    Record March 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8685" NEWID="3765">
+<DATE>11-MAR-1987 12:28:06.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0851&#31;reute
+s f BC-PERINI-CORP-&lt;PCR>-SET   03-11 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERINI CORP &lt;PCR> SETS QUARTERLY</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., March 11 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior
+    Pay June 16
+    Record May 22
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8686" NEWID="3766">
+<DATE>11-MAR-1987 12:30:45.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0857&#31;reute
+f f BC-******JONES-AND-VININ   03-11 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JONES AND VINING SAID VULCAN CORP OFFERS FIVE DLRS A SHARE FOR JONES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8687" NEWID="3767">
+<DATE>11-MAR-1987 12:32:31.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0867&#31;reute
+d f BC-FMHA-COULD-LOSE-SEVEN   03-11 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FMHA COULD LOSE SEVEN BILLION DLRS IN LOANS</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The Farmers Home Administration, the
+U.S. Agriculture Department's farm lending arm, could lose
+about seven billion dlrs in outstanding principal on its
+severely delinquent borrowers, or about one-fourth of its farm
+loan portfolio, the General Accounting Office, GAO, said.
+    In remarks prepared for delivery to the Senate Agriculture
+Committee, Brian Crowley, senior associate director of GAO,
+also said that a preliminary analysis of proposed changes in
+FmHA's financial eligibility standards indicated as many as one
+half of FmHA borrowers who received new loans from the agency
+in 1986 would be ineligible under the proposed system.
+    The agency has proposed evaluating applicants' credit using
+a variety of financial ratios instead of relying solely on
+cashflow ability.
+    Senate Agriculture Committee Chairman Patrick Leahy (D-Vt.)
+slammed the proposed eligibility changes, telling FmHA
+Administrator Vance Clark at a hearing that they would mark a
+"dramatic shift" in the agency's purpose away from being farmers'
+lender of last resort toward becoming a "big city bank."
+    But Clark defended the new regulations, saying the agency
+had a responsibility to administer its 70-billion dlr loan
+portfolio in a "compassionate yet judicious manner."
+    Crowley of GAO, Congress' investigative arm, said the
+proposed credit scoring system attempted to ensure that FmHA
+would make loans only to borrowers who had a reasonable change
+of repaying their debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8688" NEWID="3768">
+<DATE>11-MAR-1987 12:33:12.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0873&#31;reute
+r f BC-INTERNATIONAL-BANKNOT   03-11 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL BANKNOTE CO INC &lt;IBK> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>Oper shr loss 11 cts vs loss 14 cts
+    Oper net loss 1,963,000 vs loss 2,199,000
+    Revs 17.5 mln vs 40.9 mln
+    Year
+    Oper shr profit nine cts vs profit two cts
+    Oper net profit 1,555,000 vs 456,000
+    Revs 86.3 mln vs 143.7 mln
+    NOTE: Net excludes extraordinary tax charges of 115,000
+dlrs vs 995,000 dlrs in quarter and credits 8,096,000 dlrs vs
+1,173,000 dlrs in year.
+    1985 year net includes pretax gain 7,400,000 dlrs from
+termination of pension plan.
+    1985 net includes pretax charge 1,200,000 dlrs in quarter
+and gain 1,400,000 dlrs in year from restructuring and
+consolidation.
+    1985 quarter net includes 1,480,000 dlr tax credit.
+    1986 year net includes pretax gain 17.2 mln dlrs from sale
+of foreign subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8672" NEWID="3769">
+<DATE>11-MAR-1987 12:36:30.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0887&#31;reute
+u f BC-NYSE-SAYS-GENERAL-REF   03-11 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE SAYS GENERAL REFRACTORIES &lt;GRX> NO COMMENT</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>The New York Stock Exchange said
+General Refractories Co had no comment on the activity in its
+stock.
+    The company's shares were trading off 1-1/2 at 15-1/4.
+    The exchange said it contacted the company and asked if
+there were any corporate developments to explain the unusual
+activity. The company declined to issue a statement, the NYSE
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8673" NEWID="3770">
+<DATE>11-MAR-1987 12:36:52.67</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0889&#31;reute
+r f BC-EC-CONCERN-OVER-U.S.   03-11 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC CONCERNED OVER U.S. TEXTILE IMPORT MOVES</TITLE>
+<DATELINE>    BRUSSELS, March 11 - </DATELINE><BODY>The European Community (EC) expressed
+disquiet over protectionist moves in the United States to limit
+imports of textiles and said it would retaliate immediately if
+EC exports were hit.
+    A spokeswoman for the EC Commission said EC External Trade
+Commissioner Willy De Clercq had written to his U.S.
+Counterpart, special U.S. Trade Representative Clayton Yeutter,
+outlining the concerns of the 12-nation Community.
+    The draft legislation under consideration by Congress would
+impose permanent quotas on products entering the U.S. and seek
+to limit any increase to a growth in the overall trade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8674" NEWID="3771">
+<DATE>11-MAR-1987 12:37:05.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0890&#31;reute
+d f BC-SPEED-O-PRINT-BUSINES   03-11 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPEED-O-PRINT BUSINESS &lt;SBM> 4TH QTR NET</TITLE>
+<DATELINE>    CHICAGO, March 11 - 
+    </DATELINE><BODY>Shr loss seven cts vs profit 17 cts
+    Net loss 102,000 vs profit 258,000
+    Revs 1,695,000 vs 1,371,000
+    Year
+    Shr loss 33 cts vs profit 26 cts
+    Net loss 488,000 vs profit 384,000
+    Revs 6,700,000 vs 4,774,000
+    NOTE: 1986 results include operations of radio stations
+WJYE-FM for the full year and WNNR-AM for the last six months.
+    Speed-O-Print Business Machines Corp is full name of
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8675" NEWID="3772">
+<DATE>11-MAR-1987 12:37:58.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0892&#31;reute
+r f BC-ASBESTEC-INDUSTRIES-&lt;   03-11 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASBESTEC INDUSTRIES &lt;ASBS> SETS STOCK SPLIT</TITLE>
+<DATELINE>    PENNSAUKEN, N.J., March 11 - </DATELINE><BODY>Asbestec Industries Inc said
+its board declared a three-for-two stock split, payable April
+17, record April Three.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8676" NEWID="3773">
+<DATE>11-MAR-1987 12:38:12.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0893&#31;reute
+r f BC-DATAPRODUCTS-&lt;DPC>-GE   03-11 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATAPRODUCTS &lt;DPC> GETS SIEMENS CONTRACT</TITLE>
+<DATELINE>    WOODLAND HILLS, Calif., March 11 - </DATELINE><BODY>Dataproducts Corp said
+it received a multi-year contract, valued at more than 30 mln
+dlrs, to supply band printers to &lt;Siemens AG> of West Germany.
+    Siemens will use the printers for office applications and
+for medium to large mainframes, Dataproducts said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8677" NEWID="3774">
+<DATE>11-MAR-1987 12:38:56.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0896&#31;reute
+s f BC-QUAKER-OATS-CO-&lt;OAT>   03-11 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUAKER OATS CO &lt;OAT> REGULAR DIVIDEND</TITLE>
+<DATELINE>    CHICAGO, March 11 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts previously
+    Pay April 15
+    Record March 23
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8678" NEWID="3775">
+<DATE>11-MAR-1987 12:40:54.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0904&#31;reute
+u f BC-JONES-AND-VINING-&lt;JNS   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JONES AND VINING &lt;JNSV> GETS VULCAN &lt;VUL> BID</TITLE>
+<DATELINE>    BRAINTREE, Mass., March 11 - </DATELINE><BODY>Jones and Vining Inc said
+Vulcan Corp, one of its main competitors in the production of
+shoe lasts, has offered to acquire Jones and Vining for five
+dlrs a share.
+    Jones and Vining said a management effort to take the
+company private will go ahead at 4.50 dlrs per share. The form
+of the buyout has not yet been determined and the buyout is
+subject to a nunber of conditions, it said.
+    Jones and Vining said its board believes that a transaction
+with Vulcan would be difficult to complete, but it has asked
+Vulcan for further information to explore the bid.
+    On January 23, Jones and Vining said its board had
+recommended that shareholders aprove a management buyout at
+4.50 dlrs a share.
+    On February Six, Vulcan initially offered to acquire Jones
+and Vining for five dlrs a share, but Jones and Vining
+dismissed the offer as "frivolous" and "without substance" and
+said the bid failed to comply with provisions of the Securities
+Act of 1934.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8689" NEWID="3776">
+<DATE>11-MAR-1987 12:42:15.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0911&#31;reute
+r f BC-VIRAGEN-&lt;VRGN>-STARTS   03-11 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIRAGEN &lt;VRGN> STARTS HUMAN TRIALS</TITLE>
+<DATELINE>    HIALEAH, Fla, March 11 - </DATELINE><BODY>Viragen Inc said it is sponsoring
+clinical studies of Human Leukocyte Interferon, Alpha, in the
+treatment of renal cell carcinoma and bladder cell carcinoma.
+    The Food and Drug Administration approved human trials 
+will be conducted on at least 30 patients, male and female for
+each cancer type.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8690" NEWID="3777">
+<DATE>11-MAR-1987 12:42:52.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0915&#31;reute
+d f BC-PPG-INDUSTRIES-&lt;PPG>   03-11 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PPG INDUSTRIES &lt;PPG> SEES GROWTH IN 1987</TITLE>
+<DATELINE>    PITTSBURGH, March 11 - </DATELINE><BODY>PPG Industries Inc will continue to
+show earnings growth in 1987 despite a difficult economic
+climate, the company said in its annual report, mailed to
+shareholders today.
+    For 1986, the company's earnings rose five pct, to 316 mln
+dlrs, on revenues that increased eight pct, to 4.7 billion
+dlrs. Earnings per share were 2.66 dlrs, compared with 2.27
+dlrs.
+    The company added that in 1986 its return on equity reached
+17.3 pct, up from 15.5 pct in 1985 and close to its goal of 18
+pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8691" NEWID="3778">
+<DATE>11-MAR-1987 12:43:30.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0916&#31;reute
+r f BC-WASTE-MANAGEMENT-&lt;WMX   03-11 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASTE MANAGEMENT &lt;WMX> SEEKS SUIT'S DISMISSAL</TITLE>
+<DATELINE>    OAK BROOK, ILL., March 11 - </DATELINE><BODY>Waste Management Inc said it
+filed a motion in U.S. District Court for the southern district
+of Ohio to dismiss the counterclaim brought against it by
+Chemlawn Corp &lt;CHEM>.
+    The litigation relates to Waste Management's cash tender of
+27 dlrs a share for all shares of Chemlawn.
+    A hearing on the counterclaim is scheduled for March 19 and
+20.
+    Waste Management also said that Chemlawn has offered to
+supply Waste Management with materials being forwarded by
+Chemlawn to other potential purchasers of Chemlawn, but only if
+Waste Management agrees to conditions which would result in
+termination of its current offer and a 120-day standstill on
+any unnegotiated transaction.
+    Waste Management said it refused to agree to the requested
+preconditions. The company stated its believe that Chemlawn is
+obligated to permit it to compete with others to acquire
+Chemlawn on a fully-informed basis.
+    Waste Management's offer is scheduled to expire March 25.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8692" NEWID="3779">
+<DATE>11-MAR-1987 12:46:36.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0921&#31;reute
+r f BC-BELGIAN-MINISTER-UNVE   03-11 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN MINISTER UNVEILS PRIVATISATION PLAN</TITLE>
+<DATELINE>    BRUSSELS, March 11 - </DATELINE><BODY>Belgian Budget Minister Guy
+Verhofstadt has proposed a plan to sell off shares in several
+state-owned enterprises, including national airline Sabena and
+the postal and telecommunications authority, government sources
+said.
+    They said the plan could raise more than 25 billion francs
+in revenue over the next five years according to Verhofstadt's
+projections, helping the government to reduce its huge budget
+deficit, targetted this year at 418 billion francs.
+    But the scheme had received a guarded reception from the
+Social Christian parties in Belgium's centre-right coalition
+when Verhofstadt unveiled it at a cabinet meeting yesterday.
+    Discussion of the plan was likely to be long and difficult,
+the sources said.
+    Verhofstadt proposes beginning the selloffs in the last
+quarter of 1987, with the sale of 30 to 40 pct of state
+investment company SNI. He expects the sale to raise three
+billion francs, they added.
+    A 25 pct share in Sabena would be sold in mid-1989 for 1.5
+billion francs, while 50 pct of the postal and
+telecommunications authority would be sold off in two stages in
+mid-1990 and early 1992, raising at least seven billion francs.
+    Also on Verhofstadt's list are the Maritime Transport
+Authority, leading gas distributor Distrigaz, CGER savings
+bank, CGER, and several other credit institutions.
+    Le Soir daily quoted CGER vice-president Paul Henrion as
+expressing strong opposition to the privatisation of his bank.
+    "Public company we are and public company we wish to stay,"
+Henrion told the paper.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8693" NEWID="3780">
+<DATE>11-MAR-1987 12:48:48.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0930&#31;reute
+d f BC-REICHOLD-CHEMICALS-&lt;R   03-11 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REICHOLD CHEMICALS &lt;RCI> INCREASES PRICES</TITLE>
+<DATELINE>    DOVER, Del., March 11 - </DATELINE><BODY>Reichhold Chemicals Inc said it is
+raising the prices of its Emulsion Polymers Division's
+styrene-based latexes for nowovens, textiles, adhesives and
+other specialty end uses, effective April nine.
+    The increases range between three and nine cts per dry
+pound.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8694" NEWID="3781">
+<DATE>11-MAR-1987 12:51:39.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0936&#31;reute
+r f BC-CHRYSLER-&lt;C>-TO-USE-T   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> TO USE TELECREDIT &lt;TCRD> PRODUCT</TITLE>
+<DATELINE>    DETROIT, March 11 - </DATELINE><BODY>Chrysler Corp said it will use a
+product designed by Telecredit Inc's Light Signatures Inc unit
+to prevent counterfeit automotive parts.
+    Light Signatures will provide coded warranty labels for
+Chrysler's replacement parts. The system will first be used for
+glass and then expanded to other products.
+    Parts replaced by independent repair shops, and containing
+the coded warranty label, will be tested by Chrysler dealers to
+ensure authenticity.
+    The company also said the system will tracks each piece of
+warranty glass distributed by Chrysler.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8695" NEWID="3782">
+<DATE>11-MAR-1987 12:51:57.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0938&#31;reute
+d f BC-SCIENCE-DYNAMICS-CORP   03-11 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCIENCE DYNAMICS CORP &lt;SIDY> YEAR NET</TITLE>
+<DATELINE>    CHERRY HILL, N.J., March 11 -
+    </DATELINE><BODY>Shr 24 cts vs 13 cts
+    Net 704,803 vs 385,081
+    Revs 5,669,682 vs 4,142,095
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8696" NEWID="3783">
+<DATE>11-MAR-1987 12:53:43.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0949&#31;reute
+r f BC-AVERY-&lt;AVY>-IN-OFFERI   03-11 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVERY &lt;AVY> IN OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Avery Inc said it began a public
+offering of two mln shars at 50.25 dlrs per shares.
+    PUrchasers of the shares are entitled to get one additional
+share for each share purchased to give effect to the
+two-for-one stock split approved by the board February 26.
+    There are about 19.9 mln shares outstanding on a presplit
+basis, it said.
+    Proceeds will be used to reduce borrowings and other
+general purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8697" NEWID="3784">
+<DATE>11-MAR-1987 12:53:47.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0950&#31;reute
+r f BC-FOODARAMA-SUPERMARKET   03-11 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOODARAMA SUPERMARKETS INC &lt;FSM> 1ST QTR JAN 31</TITLE>
+<DATELINE>    FREEHOLD, N.J., March 11 -
+    </DATELINE><BODY>Shr 42 cts vs 35 cts
+    Net 570,000 vs 476,000
+    Sales 122.4 mln vs 123.1 mln
+    NOTEL Prior year net includes pretax charge 453,000 dlrs
+for reopening of eight stores.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8698" NEWID="3785">
+<DATE>11-MAR-1987 12:54:00.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0952&#31;reute
+d f BC-ENGINEERING-MEASUREME   03-11 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENGINEERING MEASUREMENTS CO &lt;EMCO> 3RD QTR NET</TITLE>
+<DATELINE>    LONGMONT, Colo., March 11 - </DATELINE><BODY>Qtr ends Jan 31
+    Shr four cts vs 12 cts
+    Net 102,508 vs 264,910
+    Revs 2,278,083 vs 2,536,312
+    Nine mths
+    Shr 18 cts vs 15 cts
+    Net 489,253 vs 404,877
+    Revs 6,679,745 vs 6,613,551
+    NOTE: Excludes discontinued operations gain of 40,519 dlrs
+in the third quarter fiscal 1986, and loss of 9,666 dlrs in the
+nine months fiscal 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8699" NEWID="3786">
+<DATE>11-MAR-1987 12:54:07.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0953&#31;reute
+d f BC-BOOTHE-FINANCIAL-CORP   03-11 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOOTHE FINANCIAL CORP &lt;BCMP> 4TH QTR NET</TITLE>
+<DATELINE>    SAN FRANCISCO, March 11 -
+    </DATELINE><BODY>Shr one ct vs 24 cts
+    Net 43,000 vs 1,032,000
+    Revs 10 mln vs 4.9 mln
+    Avg shrs 3.7 mln vs 4.3 mln
+    12 mths
+    Shr 1.02 dlrs vs 1.62 dlrs
+    Net 3,950,000 vs 7,308,000
+    Revs 30.8 mln vs 33.3 mln
+    Avg shrs 3.9 mln vs 4.5 mln
+    NOTE: 1985 restated to reflect tax loss carryforwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8700" NEWID="3787">
+<DATE>11-MAR-1987 12:54:40.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0957&#31;reute
+s f BC-CONSOLIDATED-NATURAL   03-11 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED NATURAL GAS CO &lt;CNG> IN PAYOUT</TITLE>
+<DATELINE>    PITTSBURGH, March 11 -
+    </DATELINE><BODY>Qtly div 37-1/2 cts vs 37-1/2 cts prior
+    Pay May 15
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8701" NEWID="3788">
+<DATE>11-MAR-1987 12:54:44.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0958&#31;reute
+s f BC-SANDUSKY-PLASTICS-INC   03-11 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANDUSKY PLASTICS INC &lt;SPI> SETS QUARTERLY</TITLE>
+<DATELINE>    SANDUSKY, Ohio, March 11 -
+    </DATELINE><BODY>Qtly div six cts vs six cts prior
+    Pay March 31
+    Record March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8702" NEWID="3789">
+<DATE>11-MAR-1987 12:58:59.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0969&#31;reute
+r f BC-IC-INDUSTRIES-&lt;ICX>-T   03-11 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IC INDUSTRIES &lt;ICX> TO REDEEM SECURITIES</TITLE>
+<DATELINE>    CHICAGO, March 11 - </DATELINE><BODY>IC Industries Inc called for redemption
+113.6 mln dlrs worth of securities.
+    IC said it will redeem 69 mln dlrs in 14 pct guaranteed
+notes, seven pct Swiss Franc notes of Abex International worth
+40 mln Swiss francs (26.2 mln dlrs), and 18.4 mln dlrs of
+11-5/8 pct Pneumo subordinated sinking fund debentures.
+    The guaranteed notes will be redeemed May 15 at a
+redemption price of 100.5 pct. The Swiss Franc notes will be
+redeemed July 12 at 100.5 pct. The debentures will be redeemed
+June one, with 5.75 mln dlrs to be redeemed at 100 pct and the
+balance to be redeemed at 102.33 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8703" NEWID="3790">
+<DATE>11-MAR-1987 12:59:33.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0971&#31;reute
+r f BC-REXNORD-&lt;REX>-TO-SELL   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXNORD &lt;REX> TO SELL RAILWAY EQUIPMENT UNIT</TITLE>
+<DATELINE>    BROOKFIELD, WIS., March 11 - </DATELINE><BODY>Rexnord nc said it signed a
+definitive agreement to sell its Railway Maintenance Equipment
+Co subsidiary to Banner Industries Inc. Terms were withheld.
+    It said Railway Maintenance had 1986 sales of 16 mln dlrs
+and employs 100 people.
+    Rexnord said the sale is part of a major program to divest
+several of its businesses representing about 200 mln dlrs in
+net assets. Still to be divested are the Process Machinery
+Division with sales of 137 mln dlrs and Mathews Conveyer Co,
+with sales of 83 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8704" NEWID="3791">
+<DATE>11-MAR-1987 13:02:10.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0980&#31;reute
+h f BC-LONE-STAR-&lt;LCE>-TO-AD   03-11 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONE STAR &lt;LCE> TO ADD FIVE CEMENT TERMINALS</TITLE>
+<DATELINE>    GREENWHICH, Conn., March 11 - </DATELINE><BODY>Lone Star Industries Inc said
+it signed an agreement to buy or lease five import cement
+terminals from Hanson Industries' &lt;HAN> Kaiser Cement Corp.
+    Terms of the agreement were not disclosed.
+    Lone Star said three of the terminals are located in
+Alaska, one in Seattle and the other in Portland, Ore.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8705" NEWID="3792">
+<DATE>11-MAR-1987 13:02:25.48</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0981&#31;reute
+u f BC-LICHT-SEES-STAGNANT-E   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LICHT SEES STAGNANT EUROPEAN BEET AREA</TITLE>
+<DATELINE>    RATZEBURG, March 11 - </DATELINE><BODY>The overall area devoted to sugar
+beet in Europe is forecast to remain stagnant this year at 7.22
+mln hectares compared with 7.21 mln ha in 1986, West German
+statistician F.O. Licht said.
+    It was feared that the recent steep rise in sugar prices
+would have a marked effect on planting intentions this year,
+Licht said, but judging by this first estimate the effect was
+probably minimal.
+    The total beet area in the European Community is forecast
+to fall two pct to 1.85 mln ha against 1.89 mln in 1986.
+    The total Western Europe area is put at 2.49 mln ha,
+against 2.50 mln in 1986. Eastern Europe area is forecast at
+4.73 mln ha against 4.72 mln.
+    Individual West Europe country estimates, in 1,000 hectares
+(with 1986 figures in brackets), are, Belgium/Luxembourg 114
+(118), Denmark 69 (69), France 419 (421), Greece 35 (44),
+Ireland 36 (38), Italy 270 (275), Netherlands 129 (138),
+Portugal 1 (1), Spain 192 (190), U.K. 200 (201), West Germany
+385 (399), Austria 32 (28), Finland 30 (31), Sweden 51 (52),
+Switzerland 15 (14), Turkey 355 (340), Yugoslavia 160 (136).
+    Eastern Europe plantings are forecast as follows, USSR 3400
+(3440), Albania 10 (9), Bulgaria 52 (50), Czechoslovakia 195
+(196), East Germany 210 (205), Hungary 108 (96), Poland 460
+(440), Romania 295 (280).
+    On the basis of average yields this year, Licht said these
+area forecasts pointed to a total European beet sugar crop in
+1987/88 of 29.8 mln tonnes, raw value, down from 31.4 mln
+tonnes in 1986/87. Licht said sugar yields were fairly high
+last season, thanks to favourable weather, and this increases
+the chances of a significant reduction in production in
+1987/88.
+    Based on average yields, EC beet sugar production could
+fall nearly 10 pct this year to 13.5 mln tonnes from 14.9 mln
+in 1986/87, while total Western Europe production could be 16.9
+mln tonnes against 18.1 mln. Eastern Europe production could be
+12.9 mln tonnes against 13.3 mln in 1986/87.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8706" NEWID="3793">
+<DATE>11-MAR-1987 13:05:38.31</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0005&#31;reute
+u f BC-BRITAIN-TO-MINT-NEW-"   03-11 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN TO MINT NEW "BRITANNIA" GOLD COIN</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Britain will from next autumn mint and
+market a new bullion coin called the "Britannia" containing one
+ounce of 24 carat gold, together with bullion coins of smaller
+denominations, a Treasury official said.
+    The new investment coin, to be sold worldwide, will
+fluctuate in price according to the international price of
+gold.
+    The smaller coins will be in denominations of a half ounce,
+a quarter ounce and a tenth of an ounce. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8707" NEWID="3794">
+<DATE>11-MAR-1987 13:06:00.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0009&#31;reute
+h f BC-BENIHANA-&lt;BNHN>-TO-BU   03-11 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENIHANA &lt;BNHN> TO BUILD RESTAURANT IN FLORIDA</TITLE>
+<DATELINE>    MIAMI, March 11 - </DATELINE><BODY>Benihana National Corp said it signed a
+letter of intent with &lt;Tishman Realty and Construction Co Inc>
+to build a teppanyaki-style restaurant at the Hilton Hotel at
+Walt Disney World Village in Lake Buena Vista, Fal.
+    Benihana National said it currently owns and operates 16
+teppanyaki-style restaurants under license from its parent,
+&lt;Benihana of Tokyo Inc>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8708" NEWID="3795">
+<DATE>11-MAR-1987 13:06:27.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0011&#31;reute
+u f BC-MEESE-SEES-A-PLUS-IN   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEESE SEES A PLUS IN CHRYSLER-AMC MERGER</TITLE>
+<DATELINE>   WASHINGTON, March 11 - </DATELINE><BODY>Attorney General Edwin Meese said he
+saw some benefit in the proposed purchase of American Motors Co
+&lt;AMO> By Chrysler Corp &lt;C> in that it would return the smallest
+of the U.S. auto manufacturers to American hands.
+    Meese told the House Appropriations Subcommittee that
+consideration would be part of the Justice Department's review
+of the proposed merger. He said the agency has not yet received
+a formal notice of the merger which would start the review
+process.
+   Chrysler has made a 1.3 billion dlr bid to buy AMC from its
+French parent Renault.
+    "I think one of the things that has to be recognized in that
+merger is that it appears, at least, that a good portion of the
+ownership of American Motors, which has been in overseas hands
+will be put back in American hands," Meese told the
+subcommittee.
+    "That may be one of the factors that would be weighed in the
+judgment," he added.
+    Renault currently holds about 46 pct of AMC.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8709" NEWID="3796">
+<DATE>11-MAR-1987 13:08:50.92</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0020&#31;reute
+d f BC-DUTCH-PARLIAMENT-OFFE   03-11 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH PARLIAMENT OFFERS LITTLE HELP IN PORT ROW</TITLE>
+<DATELINE>    ROTTERDAM, March 11 - </DATELINE><BODY>Dutch members of parliament said they
+could do little to help resolve the dispute over redundancies
+in Rotterdam port's general cargo sector and urged the union
+and employers to sort out their differences themselves.
+    Both sides gave evidence to the all-party standing
+committee on Social Affairs today, but committee members said
+they saw little chance of parliamentary intervention.
+    The dispute began on January 19 in protest at employers'
+plans for 800 redundancies from the 4,000-strong workforce,
+starting with 350 this year. The port and transport union, FNV,
+is to challenge the redundancies in an Amsterdam court
+tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8710" NEWID="3797">
+<DATE>11-MAR-1987 13:09:22.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0022&#31;reute
+u f BC-CAESARS   03-11 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOSNOFF SAYS CAESARS &lt;CAW> OFFERED STOCK BUYBACK</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Martin Sosnoff, who has offered to
+buy Caesars World Inc for 28 dlrs a share, said senior
+officials of the company have offered to buy back the Caesars
+stake he already holds, now 13.6 pct of the total outstanding.
+    In a filing with the Securities and Exchange Commission,
+Sosnoff, a New York investor and money manager, said the offers
+to buy back his stock occurred "on several occasions during the
+past year."
+    The offers were made by several Caesars World
+representatives, including its chairman, Henry Gluck, he said. 
+   Sosnoff said he rejected all of the proposals.
+    The Caesars World official suggested various forms of
+payment for Sosnoff's stake, including other securities of the
+company and cash, he said. Sosnoff did not detail the value of
+the proposed compensation.
+    Also suggested was a deal involving "put" and "call" option
+regarding Sosnoff's Caesars World holdings, he said.
+    The proposed deals would have also included a "standstill"
+agreement, which would have restricted Sosnoff's right to buy
+more Caesars World stock or "to take any action adverse to
+incumbent management," he said.
+    Sosnoff's report on the offers he received for his Caesars
+World shares were amended to his official offer to purchase the
+company, as well as reported to the SEC.
+    Sosnoff now holds about 4.1 mln Caesars World shares, or
+13.6 pct of the company's 30 mln shares outstanding.
+    The Sosnoff offer to buy the shares of the company he does
+not already hold has been valued at 725.2 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8711" NEWID="3798">
+<DATE>11-MAR-1987 13:11:35.31</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0031&#31;reute
+d f BC-nyk-energy-desk---fol   03-11 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY/FOREIGN INVESTORS</TITLE>
+<AUTHOR>    By JULIE VORMAN, Reuters</AUTHOR>
+<DATELINE>    HOUSTON, March 11 - </DATELINE><BODY>Lured by the weakening dollar and the
+conviction that oil prices are poised for a rebound, European
+energy companies are buying up cheap U.S. oil and gas reserves
+to replenish their supplies, oil industry analysts said.
+    They said owning oil reserves in a politically stable
+United States is good insurance against future shortages.
+However, the quick pace of foreign investment has heated up
+competition among European firms, well-heeled U.S.
+institutional investors and major oil companies to snare choice
+domestic oil properties.
+    Strevig and Associates, a Houston firm that tracks oil and
+gas reserve sales, said growing interest among foreign buyers
+had helped push reserve prices in recent months higher. All
+buyers of U.S. reserves paid a median price of 6.45 dlrs a
+barrel of oil during the fourth quarter of 1986 for
+acquisitions, up from 5.33 dlrs in the third quarter and five
+dlrs in the second quarter, according to the firm's research.
+    "Foreign investors have been here nibbling a long time, but
+we're seeing new names and smaller companies coming in," said
+Arthur Smith, an oil property appraisal specialist and
+president of John S. Herold Inc in Greenwich, Conn.
+    "Europeans, especially, do not have much indigenous oil and
+gas and realize the tide will eventually turn in favor of the
+Organization of Petroleum Exporting Countries," he added.
+    Smith and other oil industry analyst and economists believe
+the trend in foreign investments will continue in 1987 because
+of the fall in value of the U.S. dollar, the perception that
+oil prices have hit bottom and the fact that it is cheaper to
+buy new reserves than to explore for them.
+    Plenty of properties are available on the market, thanks to
+the need of many companies to raise cash for debt payments and
+general restructuring throughout the oilpatch.
+    In two of the biggest transactions of recent months,
+French-owned Minatome Corp., a unit of &lt;Total Compagnie
+Francaise des Petroles>, spent more than 230 mln dlrs to
+separately acquire oil assets of Texas International &lt;TEICC>
+and Lear Petroleum Partners &lt;LPP>. A spokesman for Minatome
+said the company is searching for additional acquisitions.
+    A partnership of two Belgian-owned firms, &lt;Petrofina S.A.>
+and &lt;Cometra Oil S.A.> paid 150 mln dlrs late last year to buy
+virtually all the exploration assets of the Williams Cos &lt;WMB>,
+the Oklahoma pipeline firm.
+    But Japanese investors prefer entering into joint ventures
+with experienced U.S. companies to explore for new oil. Japan's
+&lt;Nippon Oil> is a partner of Texaco Inc's &lt;TX> Texaco USA in a
+100 mln dlrs U.S. drilling program, and has joined with
+Dupont's &lt;DD> Conoco Inc in a similar 135 dlrs mln deal.
+    Most buyers said the pay-back period of a property, its
+geographic location and the lifting cost of the crude oil are
+more important factors in evaluating potential acquisitions
+than relying on a simple price-per-barrel formula.
+    Rich Hodges, a Houston-based land manager representing
+International Oil and Gas Corp, a partnership of &lt;Preussag
+Corp> and &lt;C. Deilmann Inc> of West Germany, said the firm had
+earmarked at least 50 mln dlrs to spend on oil reserves in
+Texas, Oklahoma or Louisiana in the coming months.
+    But he called that a small amount compared to the amount
+other investors have for acquisitions. PaineWebber's Geodyne
+Energy Income Fund, for example, has said it plans to spend up
+to 300 mln dlrs on oil and gas properties.
+    "The competition is stiff, not only from other foreign
+investors but from the brokerage houses and U.S. oil
+companies," he said. "Our company is shopping around because we
+feel it's substantially less risky than pure exploration. If
+you're going to take the risk inherent in exploration, you need
+prices higher than the current market," he added.
+    In addition to the foreign investors and U.S. brokerage
+houses, analysts said many of the major oil companies were also
+competing for prime properties.
+    Houston-based Shell Oil Co, a unit of Royal Dutch/Shell Group
+&lt;RD>, has been one of the most active companies in buying and
+selling reserves, Smith said. Since 1982, Shell has acquired
+two billion dlrs in new reserves, including 470 mln barrels of
+oil equivalent at a net cost of 2.80 dlrs a barrel, he said.
+    "Buying reserves is a good strategy for most of these
+companies," Smith said. "Domestic production has dropped by one
+mln barrels a day because of cutbacks in drilling and it may
+drop by another one mln barrels a day in 1988."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8712" NEWID="3799">
+<DATE>11-MAR-1987 13:12:56.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0038&#31;reute
+f f BC-******CBT-BOARD-OF-DI   03-11 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CBT BOARD OF DIRECTORS POSTPONES LAUNCH  OF NIGHT TRADING UNTIL APRIL 30, EXCHANGE SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8713" NEWID="3800">
+<DATE>11-MAR-1987 13:13:45.38</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0041&#31;reute
+r f BC-AUSTRIAN-1987-GROWTH   03-11 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRIAN 1987 GROWTH SEEN BETWEEN 0.5 AND 1.5 PCT</TITLE>
+<DATELINE>    VIENNA, March 11 - </DATELINE><BODY>A meeting of leading politicians,
+bankers and economists has forecast Austrian real gross
+domestic product growth for this year at between 0.5 and 1.5
+pct, a government spokesman said.
+    This compared with a two pct growth forecast made by the
+semi-official Institute for Economic Research (WIFO) last
+December.
+    Helmut Kramer, spokesman for Chancellor Franz Vranitzky,
+told Reuters that the forecast had been made during the meeting
+attended by Vranitzky, Finance Minister Ferdinand Lacina,
+National Bank President Stefan Koren and a WIFO representative.
+    Economists have been cutting growth forecasts recently
+mainly due to expectations of a poor export performance this
+year, notably to Eastern Europe and oil exporting states.
+    Hannes Androsch, general director of
+Creditanstalt-Bankverein &lt;CABV.VI>, today put 1987 GDP growth
+at between one and 1.5 pct.
+    Kramer also said the meeting had heard that unemployment
+for the year would be above the 5.5 pct forecast, but was
+unlikely to be more than six pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8714" NEWID="3801">
+<DATE>11-MAR-1987 13:15:23.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0046&#31;reute
+r f BC-&lt;FOR-BETTER-LIVING-IN   03-11 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FOR BETTER LIVING INC> 4TH QTR NET</TITLE>
+<DATELINE>    SAN JUAN CAPISTRANO, Calif., March 11 -
+    </DATELINE><BODY>Shr profit primary 91 cts vs loss 86 cts
+    Shr profit diluted 90 cts vs loss 86 cts
+    Net profit 787,000 vs loss 751,000
+    Sales 20 mln vs 12.5 mln
+    Year
+    Shr profit profit 2.63 dlrs vs profit five cts
+    Shr profit diluted 2.59 dlrs vs profit five cts
+    Net profit 2,273,000 vs profit 43,000
+    Sales 70.1 mln vs 47.1 mln
+    Note: Prior qtr and year figures include gains on disposal
+of discontinued operations of 76,000 dlrs and 79,000 dlrs,
+respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8715" NEWID="3802">
+<DATE>11-MAR-1987 13:15:42.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0048&#31;reute
+r f BC-DIMIS-&lt;DMISC>-EXTENDS   03-11 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIMIS &lt;DMISC> EXTENDS WARRANT EXPIRATION</TITLE>
+<DATELINE>    EATONTOWN, N.J., March 11 - </DATELINE><BODY>Dimis Inc said it has extended
+the expiration of its 1,424,500 common stock purchase warrants
+to September 30 from March 31.
+    Each two warrants allow the purchase of one share at two
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8716" NEWID="3803">
+<DATE>11-MAR-1987 13:16:12.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0051&#31;reute
+r f BC-PRUDENTIAL-TO-FORM-RE   03-11 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRUDENTIAL TO FORM REAL ESTATE BROKERAGE UNIT</TITLE>
+<DATELINE>    NEWARK, N.J., March 11 - </DATELINE><BODY>&lt;Prudential Insurance Co of
+America> said it will enter the real estate brokerage business
+in 1988 and plans to develop a national network of franchised
+brokerage offices.
+    Prudential said its new real estate unit, Prudential Real
+Estate Affiliates, will be headed by Jerome M. Cole, who has
+been chairman of Sears, Roebuck and Co Inc's &lt;S> Coldwell
+Banker Residential Affiliates Inc unit.
+    The unit will be headquarted in Southern California, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8717" NEWID="3804">
+<DATE>11-MAR-1987 13:16:21.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0052&#31;reute
+h f BC-INTERLEAF-&lt;LEAF>-INTR   03-11 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERLEAF &lt;LEAF> INTRODUCES NEW SOFTWARE</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 11 - </DATELINE><BODY>Interleaf Inc said it will
+introduce a series of new software packages that allow users to
+build electronic publishing systems comprised of personal
+computers, workstations and mainframe computers.
+    In addition, the company said it will announce a software
+program that lets users create documents in different languages
+or mix languages within a single document.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8718" NEWID="3805">
+<DATE>11-MAR-1987 13:16:32.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0053&#31;reute
+r f BC-SOUTHWEST-AIR-&lt;LUV>-U   03-11 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST AIR &lt;LUV> UNIT ADDS HOUSTON NONSTOPS</TITLE>
+<DATELINE>    HOUSTON, March 11 - </DATELINE><BODY>Southwest Airlines Co's TranStar
+Airlines Corp said it will add nonstop flights from Houston's
+Hobby Airport to Orlando, Tampa/St. Petersburg, San Diego and
+Austin on April One.
+    It said the changes will increase daily service to Austin
+to four roundtrips daily, to Tampa to three nonstops and a
+one-stop, to Orlando to one nonstops, three onestops and two
+connecting flights and to San Diego to one nonstop and three
+direct flights.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8719" NEWID="3806">
+<DATE>11-MAR-1987 13:16:51.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0055&#31;reute
+d f BC-NEWPORT-ELECTRONICS-I   03-11 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWPORT ELECTRONICS INC &lt;NEWE> 4TH QTR NET</TITLE>
+<DATELINE>    SANTA ANA, Calif., March 11 -
+    </DATELINE><BODY>Oper shr loss nine cts vs loss four cts
+    Oper net loss 108,000 vs loss 55,000
+    Sales 3,029,000 vs 2,694,000
+    Year
+    Oper shr profit 42 cts vs profit 15 cts
+    Oper net profit 511,000 vs profit 177,000
+    Sales 13.3 mln vs 11.2 mln
+    Avg shrs 1,233,136 vs 1,217,981
+    Note: Current qtr and year figures exclude operating loss
+carryforward gain of 26,000 dlrs vs gain of 88,000 dlrs in
+prior year periods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8720" NEWID="3807">
+<DATE>11-MAR-1987 13:16:59.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0056&#31;reute
+s f BC-TRANSCO-EXPLORATION-P   03-11 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSCO EXPLORATION PARTNERS LTD &lt;EXP> IN PAYOUT</TITLE>
+<DATELINE>    HOUSTON, March 11 -
+    </DATELINE><BODY>Qtly div 44 cts vs 44 cts prior
+    Pay June One
+    Record May Eight
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8721" NEWID="3808">
+<DATE>11-MAR-1987 13:17:12.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0058&#31;reute
+s f BC-TRANSCO-ENERGY-CO-&lt;E>   03-11 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSCO ENERGY CO &lt;E> SETS QUARTERLY</TITLE>
+<DATELINE>    HOUSTON, MArch 11 -
+    </DATELINE><BODY>Qtly div 68 cts vs 68 cts prior
+    Pay June One
+    Record May Eight
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8722" NEWID="3809">
+<DATE>11-MAR-1987 13:18:00.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0062&#31;reute
+h f BC-FORD-&lt;F>-SELECTS-FIRM   03-11 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> SELECTS FIRM TO AUTOMATE PLANT</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Ford Motor Co selected &lt;Scicon Corp's>
+Systems Control unit to install a manufacturing automation
+system at Ford's Hermosillo, Mexico, plant, Scicon said.
+    The system, the value of which was not disclosed, will
+provide Ford with automated vehicle tracking capabilities,
+Scicon said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8723" NEWID="3810">
+<DATE>11-MAR-1987 13:18:20.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0063&#31;reute
+u f BC-RLR-FINANCIAL-&lt;RLRF>   03-11 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RLR FINANCIAL &lt;RLRF> WON'T BE DELISTED</TITLE>
+<DATELINE>    LAUDERHILL, Fla., March 11 - </DATELINE><BODY>RLR Financial Services Inc
+said the National Association of Securities Dealers has decided
+not to delist its stock from NASDAQ on March 12 as it had
+threatened.
+    The company said the NASD has granted it an indeterminate
+amount of time to resolve issues raised by the NASD on the
+market making of RLR's RLR Securities Group Inc subsidiary in
+shares of the parent company.
+    The NASD had alleged that no registration statement for the
+shares was in effect.  RLR contested the charge but stopped
+market making in its own stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8724" NEWID="3811">
+<DATE>11-MAR-1987 13:19:27.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0070&#31;reute
+r f BC-MCDERMOTT-&lt;MDR>-UNIT   03-11 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDERMOTT &lt;MDR> UNIT GETS PLANT CONTRACT</TITLE>
+<DATELINE>    NEW ORLEANS, March 11 - </DATELINE><BODY>McDermott International Inc said
+ASEA Babcock PFBC  received a 48 mln dlrs contract to supply a
+combustion system for Tidd Power Plant in Brilliant, Ohio.
+    ASEA Babcock PFBC is a joint venture between its Babcock
+and Wilcox unit and ASEA PFBC of Sweden.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8725" NEWID="3812">
+<DATE>11-MAR-1987 13:19:32.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0071&#31;reute
+r f BC-ALASKA-AIR-GROUP-&lt;ALK   03-11 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALASKA AIR GROUP &lt;ALK> TO OFFER STOCK</TITLE>
+<DATELINE>    SEATTLE, March 11 - </DATELINE><BODY>Alaska Air Group Inc said it will offer
+1.8 mln shares of common stock at 25.875 dlrs per share.
+    The company said proceeds from the 45.1-mln-dlr offering
+will be used to reduce debt, for working capital and for
+capital expenditures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8726" NEWID="3813">
+<DATE>11-MAR-1987 13:19:42.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0072&#31;reute
+r f BC-EL-PASO-ELECTRIC-&lt;ELP   03-11 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EL PASO ELECTRIC &lt;ELPA> REACHES NEW MEXICO PACT</TITLE>
+<DATELINE>    EL PASO, Texas, March 11 -- </DATELINE><BODY>El Paso Electric Co said it has
+agreed to limit rate increases in its New Mexico service
+territory to a maximum of nine pct over the next three years.
+    Last year, about 18 pct of the utility's revenues came from
+New Mexico, 70 pct from retail electricity sales in Texas and
+12 pct from wholesale sales under federal regulation.
+    In January the company filed a formal rate case with New
+Mexico regulators seeking a 21.66 pct increase in its annual
+rates there which would have been equal to about 13.9 mln dlrs
+net of fuel savings.
+    El Paso Electric said it reached a stipulated settlement on
+its New Mexico rates with several parties, including the state
+of the New Mexico Public Service Commission, which provides for
+rate treatment of the utility's investment in the Palo Verde
+Nuclear Generating Station located near Phoenix, Ariz.
+    The company said commission hearings on the stipulated
+settlement are expected to start next month. If it is approved,
+the new rates could go into effect as early as this summer. El
+Paso Electric's January rate case will remain before the
+commission pending approval of the settlement.
+    El Paso Electric said the agreement provides got continued
+full inclusion in its rate base of the costs of Palo Verda Unit
+one, maximum rate increases of three pct on a cents per
+kilowatt hour basis in 1987, 1988 and 1989, and no further rate
+increases until 1994.
+    Once the agreement is approved, the utility would still
+have to prove cost of service increases to support at least the
+maximum increase each year, a spokesman explained.
+    The company said it will attempt to settle the cost of
+service issues in timed to allow the new rates to go into
+effect this summer.
+    El Paso Electric said the agreement allows recovery in its
+New Mexico rates of lease payments in connection with the
+utility's 1986 sale and leaseback of its investment in Palo
+Verde Unit Two to the extent of the book value sold.
+    The company said it agreed that none of its costs for Palo
+Verde Unit Three will be included in its New Mexico rates.
+    The utility said the agreement also resolves any issue
+relating to the prudence of the planning, management and
+construction of Palo Verde and settles any possible issue of
+excess generating capacity through 1993.
+    El Paso Electric said it does not expect to have excess
+generating capacity.
+    The agreement also provides that any portion of the cost of
+service deferrals not recouped prior to December 31, 1994 will
+not be recovered through New Mexico rates, the company said,
+adding it expects to recoup all deferrals in full by that date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8727" NEWID="3814">
+<DATE>11-MAR-1987 13:19:50.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0073&#31;reute
+d f BC-CHRONAR-&lt;CRNR>-IN-JOI   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRONAR &lt;CRNR> IN JOINT VENTURE IN YUGOSLAVIA</TITLE>
+<DATELINE>    PRINCETON, N.J., March 11 - </DATELINE><BODY>Chronar Corp said it signed a
+joint venture agreement with &lt;Rade Koncar>, a Yugoslav maker of
+electric energy equipment, to build a 12 mln dlr, one megawatt
+photovaltaic manufacturing plant in Split, Yugoslavia.
+    Under the agreement, Rade Koncar will own 60 pct of the
+venture and Chronar will own 40 pct, Chronar said.
+    Chronar said it will receive 7.5 mln dlrs for supplying
+equipment and technology and will invest 2.5 mln dlrs for its
+40 pct stake. It said it cancelled a previous pact with a
+Yugoslav firm because the firm could not raise enough capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8728" NEWID="3815">
+<DATE>11-MAR-1987 13:20:21.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0076&#31;reute
+b f BC-/CBT-POSTPONES-NIGHT   03-11 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT POSTPONES NIGHT TRADING START TO APRIL 30</TITLE>
+<DATELINE>    CHICAGO, March 11 - </DATELINE><BODY>The Chicago Board of Trade's (CBT)
+board of directors voted to postpone the start of what will be
+the first U.S. evening futures trading session until April 30
+from April 2 to give participants a chance to get ready, the
+exchange announced.
+    Several trading firms had asked for a delay in the start-up
+of the evening session so that the firms can work out
+operational difficulties created by the off-hours session.
+    CBT chairman Karsten Mahlmann said in a statement the delay
+will "afford all firms the time necessary to be 100 pct ready
+for this innovative program, we are postponing the opening
+date."
+    The board of directors accepted yesterday's recommendation
+by a committee of members overseeing the planned evening
+session, which was originally scheduled to start April 2. The
+session is designed to begin the global trading day from 1800
+to 2100 local Chicago time Monday through Thursday.
+    CBT members overwhelmingly approved the evening session in
+a vote conducted a month ago.
+    But before night trading can begin, the CBT still has to
+obtain approval from the Commodity Futures Trading Commission.
+    Pending regulatory approval, the CBT plans to offer evening
+trading in the world's most active futures contract, Treasury
+bonds, along with Treasury note futures and options on those
+contracts.
+    The evening session will make available to traders in the
+Far East interest rate hedging vehicles when their day is just
+beginning, and the CBT hopes to attract trading capital from
+the Pacific Rim's burgeoning financial centers.
+    When the idea for a night trading session was broached, it
+met with resistance from many local traders who said the
+session would add to the physical strain of their jobs.
+    Many traders and member firms also questioned whether the
+night session would have the liquidity necessary to survive,
+and complained that the cost of manning trading desks for two
+sessions per 24-hour cycle might not be worthwhile.
+    Some credit market analysts, including Norman Quinn,
+president of Golden Gate Futures, said the night session would
+likely be dominated by institutions, because the larger local
+traders would refuse to return at night.
+    Nevertheless, Quinn and other traders said the night
+session has a good chance of succeeding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8729" NEWID="3816">
+<DATE>11-MAR-1987 13:21:04.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0078&#31;reute
+u f BC-FRANCE-ANNOUNCES-10.5   03-11 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE ANNOUNCES 10.5 BILLION FRANC T-BILL AUCTION</TITLE>
+<DATELINE>    PARIS, March 11 - </DATELINE><BODY>The Bank of France announced that it will
+publicly auction 10.5 billion francs of negotiable Treasury
+bills on March 16.
+    The auction will comprise 3.5 billion francs of 13-week
+bills, 3.5 billion francs of 26 week bills and 3.5 billion
+francs of 52-week bills, all fixed rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8730" NEWID="3817">
+<DATE>11-MAR-1987 13:23:32.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0093&#31;reute
+r f BC-TOTAL-ERICKSON-RESOUR   03-11 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTAL ERICKSON RESOURCES LTD &lt;TLEXF> YEAR NET</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 11 -
+    </DATELINE><BODY>Shr profit nine cts vs loss 45 cts
+    Net profit 2,500,000 vs loss 9,900,000
+    Revs 16,800,000 vs 3,300,000
+    Note: 1986 net includes 2.6 mln dlr or nine ct a shr
+writedown of nine pct stake in &lt;Trans-Canada Resources Ltd>.
+    1985 results reflect only six mths of mining operations due
+to merger of Erickson Gold Mines Ltd and Total Eastcan
+Exploration Ltd on June 30, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8731" NEWID="3818">
+<DATE>11-MAR-1987 13:24:04.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0096&#31;reute
+h f BC-FRENCH-AEROSPACE-INDU   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH AEROSPACE INDUSTRY HAS MIXED 1986</TITLE>
+<DATELINE>    PARIS, March 11 - </DATELINE><BODY>The French aerospace industry had a mixed
+year in 1986, with military sales hit by the falling dollar and
+lower oil and raw material prices but the civilian sector
+performing better, Jacques Benichou, president of the the
+French aeronautics and space industries group (GIFAS) said.
+    He told journalists here that the sales success of the
+European Airbus Industrie consortium, in which France has a 38
+pct stake through Aerospatiale, and the SNECMA aero-engine
+group, which has a 50 pct stake in CFM International with the
+U.S. Group General Electric, had both performed well.
+    Turnover for the French aerospace industry was 74 billion
+francs last year, comparable in constant terms with 1985, while
+the trade surplus for the industry was around 30 billion
+francs.
+    "We should be neither too optimistic nor too pessimistic,"
+Benichou said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8732" NEWID="3819">
+<DATE>11-MAR-1987 13:24:15.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0097&#31;reute
+d f BC-NATIONWIDE-CELLULAR-&lt;   03-11 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONWIDE CELLULAR &lt;NCEL> HAS BUY OPTION</TITLE>
+<DATELINE>    VALLEY STREAM, N.Y., March 11 - </DATELINE><BODY>Nationwide Cellular Service
+Inc said it has acquired an option to purchase rights to about
+4,000 subscribers from Americom L.A. Systems, a Los Angeles
+reseller of mobile telephone service, for 2,750,000 dlrs.
+    It said the option can be exercised within 120 days and
+would mark its entry into the Los Angeles market. During the
+option period, it said it will manage American L.A.'s
+operations.
+    The option is subject to negotiation of a definitive
+agreement and the receipt of certified financial statements
+from Americom.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8733" NEWID="3820">
+<DATE>11-MAR-1987 13:24:53.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0100&#31;reute
+d f BC-SECURITIES-TRADE-GROU   03-11 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITIES TRADE GROUP REPLIES TO SENATE VOTE</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>The Securities Industry Association
+said it strongly supports the decision yesterday by the Senate
+Banking Committee to freeze the entry by commerical banks into
+non-banking businesses such as the underwriting of commerical
+paper.
+    "This committee vote is not only a prudent and thoughtful
+approach to review of the Glass-Steagall Act, but a strong and
+needed message from the Senate that it is the responsibility of
+Congress to review, and if necessary, amend the nation's
+banking laws," the association said in a statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8734" NEWID="3821">
+<DATE>11-MAR-1987 13:26:11.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0103&#31;reute
+u f BC-VERSAR-&lt;VSR>-TO-BUY-M   03-11 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERSAR &lt;VSR> TO BUY MARIETTA &lt;ML> UNIT</TITLE>
+<DATELINE>    SPRINGFIELD, Va., March 11 - </DATELINE><BODY>Versar Inc said it has agreed
+in principle to acquire Martin Marietta Corp's Martin Marietta
+Environmental Systems unit for about 5,300,000 dlrs.
+    Versar said it would use its working capital and an
+established life of credit to find the purchase, which is
+subject to approval by both boards and is expected to be
+completed in April.
+    Marietta Environmental had 1986 revenues of about nine mln
+dlrs.
+    Versar said the acquisition should have a "moderately"
+favorable effect on its earnings this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8735" NEWID="3822">
+<DATE>11-MAR-1987 13:26:59.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0107&#31;reute
+u f BC-TRANSCO-ENERGY-&lt;E>-CA   03-11 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSCO ENERGY &lt;E> CALLS 3.875 DLR PREFERRED</TITLE>
+<DATELINE>    HOUSTON, March 11 - </DATELINE><BODY>Transco Energy Co said on April 10 it
+will redeem all 707,905 outstanding shares of its 3,875 dlr
+series cumulative convertible preferred stock at 51.17 dlrs per
+share plus accrued dividends of 74 cts.
+    Transco said each share of the preferred is convertible
+into 1,263 common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8736" NEWID="3823">
+<DATE>11-MAR-1987 13:27:14.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0110&#31;reute
+d f BC-MERRILL-&lt;MRLL>-BUYS-F   03-11 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL &lt;MRLL> BUYS FRAYN FINANCIAL PRINTING</TITLE>
+<DATELINE>    ST. PAUL, March 11 - </DATELINE><BODY>Merrill Corp said it acquired Frayn
+Financial printing, the financial printing division of Frayn
+Printing Co, Seattle. Terms were not disclosed.
+    It said the acquired division, now known as
+Merrill/Seattle, becomes the company's 10th financial printing
+service center.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8737" NEWID="3824">
+<DATE>11-MAR-1987 13:27:45.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0112&#31;reute
+d f BC-I.I.S.-INTELLIGENT-&lt;I   03-11 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>I.I.S. INTELLIGENT &lt;IISLF> IN TEXTRON &lt;TXT> DEAL</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>I.I.S. Intelligent Information Systems
+Ltd said it has received received and completed delivery on an
+order worth over 700,000 dlrs to supply Textron Inc's Bell
+Helicopter Textron Inc unit with leased International Business
+Machines Corp &lt;IBM> 3270 and 3191 plug-compatible work stations
+and printers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8738" NEWID="3825">
+<DATE>11-MAR-1987 13:28:41.89</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0114&#31;reute
+u f BC-U.K.-BANKS-OFFER-FIXE   03-11 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BANKS OFFER FIXED-RATE MORTGAGES AT 10.2 PCT</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Two major U.K. Clearing banks announced
+they will offer a total of 800 mln stg in new mortgages at a
+fixed interest rate of 10.2 pct for the first three years,
+below current bank base lending rates of 10.5 pct.
+    Midland Bank Plc &lt;MDBL.L> said it has initially allocated
+500 mln stg for home loans at this rate, while Lloyds Bank Plc
+&lt;LLOY.L> will offer 300 mln stg.
+    Earlier this week, Midland said it would cut its standard
+rate of mortgage payment to 11.5 pct from April 1, following a
+half a percentage point reduction in leading banks' base
+lending rates from 11 pct.
+    Building society and other bank mortgage rates are largely
+still well above the new base rate level, although last year
+Lloyds offered a fixed rate of 9.9 pct on certain home loans.
+    A Midland spokesman said his bank calculated that at the
+current level of 2.7 billion stg, its existing mortgage book
+accounts for about 5 pct of the total British home loan market.
+    Lloyds said it has 3.6 billion stg in outstanding mortgage
+loans, but had not estimated its total market share.
+    Among other major clearing banks, Barclays Plc &lt;BCS.L> and
+National Westminister Bank Plc &lt;NWBL.L> said they had no
+immediate plans to announce similar fixed rate schemes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8739" NEWID="3826">
+<DATE>11-MAR-1987 13:29:09.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0115&#31;reute
+h f BC-PRIMAGE-&lt;PRIM>-INTROD   03-11 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIMAGE &lt;PRIM> INTRODUCES NEW PRINTER</TITLE>
+<DATELINE>    RONKONKOMA, N.Y., March 11 - </DATELINE><BODY>Primages Inc said it
+introduced a new daisywheel printer that can print 90
+characters per second and features graphics capabilities.
+    The printer, called Primage 90-GT, is priced at 1,500 dlrs
+and can be combined with the company's paper-handling systems,
+Primage said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8740" NEWID="3827">
+<DATE>11-MAR-1987 13:29:36.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0117&#31;reute
+h f BC-DATAREX-&lt;DRX>-TO-SELL   03-11 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATAREX &lt;DRX> TO SELL 3M &lt;MMM> COMPUTER GEAR</TITLE>
+<DATELINE>    BUFFALO, N.Y., March 11 - </DATELINE><BODY>Datarex Systems Inc said it was
+named a distributor for Minnesota Mining and Manufacturing Co's
+data recording media and other computer suppliers and
+accessories in the United States.
+    The company said sales of the 3M products will have a
+material impact on its sales for the balance of 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8741" NEWID="3828">
+<DATE>11-MAR-1987 13:29:48.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0118&#31;reute
+d f BC-JIM-WALTER-&lt;JWC>-BUSY   03-11 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JIM WALTER &lt;JWC> BUSY OWENS-CORNING &lt;OCF> PLANT</TITLE>
+<DATELINE>    TAMPA, Fla, March 11 - </DATELINE><BODY>Jim Walter Corp said it completed
+the acquisition of Owens-Corning Fiberglas Corp's mineral
+ceiling and fiberboard plant in Meridian, Miss.
+    Terms were not disclosed
+    The plant's operations will complement existing ceiling
+materials production within jim Walter's building material's
+group, which last year generated income of 54.9 mln dlrs on
+sales of 740 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8742" NEWID="3829">
+<DATE>11-MAR-1987 13:29:57.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0119&#31;reute
+r f AM-CENTAM-AMERICAN   03-11 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WRIGHT SAYS HOUSE WILL VOTE TO BLOCK CONTRA AID</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>House Speaker Jim Wright predicted
+the House would vote by a substantial margin to block 40 mln
+dlrs in aid to the Nicaraguan "contra" rebels until President
+Reagan has accounted for previous assistance.
+    Wright, a Texas Democrat, conceded Congress ultimately will
+be unable to stop the money but said the House vote expected
+later today will tell the White House its contra program -- one
+of Reagan's pet projects -- is in trouble.
+    "The adminstration must face reality and focus on other ways
+to find peace," Wright said.
+    The House is voting on legislation that would block for six
+months 40 mln dlrs appropriated last year. The administration
+has said it intends to start using the money next month to
+provide arms and equipment to the rebels.
+    "We expect to win by a substantial margin," Wright said.
+    The legislation calls on Reagan to account for all previous
+aid, including money diverted to the contras from the secret
+U.S. arms sales to Iran. The scandal over the arms sales and
+the diversion of profits to the contras has plunged the Reagan
+administration into its deepest crisis.
+    The legislation also demands an accounting of 27 mln dlr in
+humanitarian aid appropriated by Congress in 1985 and all funds
+given to the contras by foreign governments or private
+individuals at the urging of the Reagan administration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8743" NEWID="3830">
+<DATE>11-MAR-1987 13:30:47.29</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0120&#31;reute
+r f BC-AMERICAN-PRESIDENT-&lt;A   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN PRESIDENT &lt;APS> TO LEASE MORE SHIPS</TITLE>
+<DATELINE>    OAKLAND, Calif., March 11 - </DATELINE><BODY>American President Cos Ltd said
+its American President Lines shipping subsidiary  obtained
+final approval from U.S. and Japanese authorities to lease four
+new ships from Lykes Bros Co.
+    The move will will enable it to boost service in the
+Pacific by 15 pct in 1987, American President said.
+    The company said it will lease the ships for three years
+and hold two additional three-year options.
+    It said American President Lines is currently operating at
+capacity in the Pacific and the new ships will arrive in time
+for the normal demand surge of the spring and summer seasons.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8744" NEWID="3831">
+<DATE>11-MAR-1987 13:31:05.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0122&#31;reute
+u f BC-BOWNE-AND-CO-INC-&lt;BNE   03-11 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOWNE AND CO INC &lt;BNE> SETS STOCK SPLIT</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Bowne and Co Inc said its board
+declared a two-for-one stock split, payable May 10 to holders
+of record April 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8745" NEWID="3832">
+<DATE>11-MAR-1987 13:31:15.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0123&#31;reute
+r f BC-LONDON-EXCHANGE-DECLI   03-11 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON EXCHANGE DECLINES COMMENT ON MERRILL CASE</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>The London Stock Exchange has no
+immediate comment on the U.S. Insider trading charge against a
+senior London executive of Merrill Lynch and Co &lt;MER>, an
+Exchange spokesman said.
+    "This is a civil action in New York and no-one here has any
+proper details yet," he added.
+    The London Exchange, which keeps in touch through the U.K.
+Government's information channels to the U.S. Securities and
+Exchange Commission, will await further developments, he said.
+    Trade and Industry Department officials also declined
+immediate comment.
+    Merrill Lynch in London said any further amplification on
+the SEC charge against its executive Nahum Vaskevitch would
+have to come from the firms's New York office.
+    Market queries here centred on whether the 12 companies
+involved in mergers, referred to in the SEC complaint, included
+British companies such as Guinness Plc &lt;GUIN.L> which have
+featured in recent official inquiries.
+    Merrill Lynch is a member of the London Stock Exchange, in
+addition to its U.S. And other international investment
+activities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8746" NEWID="3833">
+<DATE>11-MAR-1987 13:32:24.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0128&#31;reute
+r f BC-AMERFORD   03-11 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRM BOOSTS AMERFORD &lt;AMRF> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Louart Corp, a Los Angeles
+investment firm, said it raised its stake in Amerford
+International Corp to 105,615 shares, or 7.8 pct of the total
+outstanding, from 69,715 shares, or 5.2 pct.
+    In a filing with the Securities and Exchange Commission,
+Louart said it bought 35,900 Amerford common shares between
+March 19, 1986 and Jan 30, 1987 at prices ranging from 3.92 to
+4.29 dlrs a share.
+    It said it bought the shares for investment purposes and
+might increase its stake in the future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8747" NEWID="3834">
+<DATE>11-MAR-1987 13:33:15.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0132&#31;reute
+r f BC-EMERSON-&lt;EMR>-SELLS-N   03-11 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMERSON &lt;EMR> SELLS NEW ZEALAND DOLLAR NOTES</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Emerson Electric Co is offering in the
+U.S. debt market 100 mln New Zealand dlrs of notes due 1989
+with an 18.55 pct coupon and par pricing, said lead underwriter
+Prudential-Bache Securities Inc.
+    That is 170 basis points below comparable New Zealand
+rates.
+    Non-callable to maturity, the issue is rated a top-flight
+AAA by both Moody's Investors Service Inc and Standard and
+Poor's Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8748" NEWID="3835">
+<DATE>11-MAR-1987 13:33:28.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0134&#31;reute
+r f BC-&lt;BANK-OF-CHINA>-TO-JO   03-11 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BANK OF CHINA> TO JOIN VISA NETWORK</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 11 - </DATELINE><BODY>&lt;Visa International>, owned
+by a consortium of banks, said Bank of China has agreed to
+become a Visa member in May, and a Visa card will be issued for
+use in China and around the world.
+    No international credit cards are currently issued in
+China.
+    Visa said plans are underway to install electronic
+terminals at Visa-accepting merchants in China later this year
+to authorize the growing number of credit card transactions by
+tourists and minimize operating risks.
+    Visa said it plans to extend its worldwide
+telecommunications network to China this year through a
+satellite link, allowing authorization requests to be forwarded
+to card issuers around the world.
+    Over 1,000 merchants in China now honor the Visa card and
+the number is expected to double by the end of next year, it
+said, and card transactions in China are expected to rise 50
+pct from the current 130 mln dlrs a year during 1987.
+    Visa International said it is already designing the Visa
+card that Bank of China will issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8749" NEWID="3836">
+<DATE>11-MAR-1987 13:33:38.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0136&#31;reute
+f f BC-******CHRYSLER-SAYS-I   03-11 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER SAYS IT SOLD 405 MLN DLRS OF CORPORATE BONDS TO INVESTMENT BANKERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8750" NEWID="3837">
+<DATE>11-MAR-1987 13:44:18.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0156&#31;reute
+r f BC-exspetalnick   03-11 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FPL GROUP &lt;FPL> NUCLEAR REACTOR SHUT DOWN</TITLE>
+<DATELINE>    Miami, March 11 - </DATELINE><BODY>A pressure leak in a containment building
+hatch at FPL Group Inc's Turkey Point nuclear plant has forced
+a brief reactor shutdown, a Nuclear Regulatory Commission (NRC)
+spokesman said.
+    Ken Clark, the NRC's representative in Atlanta, said no
+radioactivity escaped during the incident last night, which he
+described as "a relatively minor problem that poses no safety
+hazard."
+    Clark said repairs were underway and Turkey Point Unit 4,
+one of two nuclear reactors at the site south of Miami, was
+expected to be reactivated later today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8751" NEWID="3838">
+<DATE>11-MAR-1987 13:44:36.74</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0158&#31;reute
+u f BC-CORRECTED---AUSTRIA-1   03-11 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - AUSTRIA 1987 GROWTH FORECAST REVISED</TITLE>
+<DATELINE>    VIENNA, March 11 - </DATELINE><BODY>Austrian gross domestic product growth
+for this year is likely to be between 0.5 and 1.5 pct, Helmut
+Kramer, head of the semi-official Institute for Economic
+Research (WIFO) said.
+    This compared with a two pct growth forecast made by the
+WIFO last December.
+    Kramer made the forecast at a meeting today on Austria's
+economic outlook also attended by Chancellor Franz Vranitzky,
+Finance Minister Ferdinand Lacina and National Bank President
+Stefan Koren.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8752" NEWID="3839">
+<DATE>11-MAR-1987 13:45:15.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0159&#31;reute
+r f BC-FIRST-BOSTON   03-11 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST BOSTON &lt;FBC> SWISS AFFILIATE BOOSTS STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 11 - Financiere Credit Suisse - </DATELINE><BODY>First
+Boston, the Swiss affiliate of First Boston Inc, said it raised
+its stake in the company to 11,262,307 shares, or 35.5 pct of
+the total, from 10,262,307 shares, or 32.8 pct.
+    In a filing with the Securities and Exchange Commission,
+Financiere Credit Suisse said it bought 870,100 First Boston
+common shares between Feb 10 and 27 at prices ranging from
+48.125 to 53.000 dlrs a share, or 22.5 mln dlrs total.
+    It said it bought the shares as part of an agreement to
+raise its minority stake in First Boston to 40 pct, the same
+stake level First Boston holds in Financiere Credit Suisse.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8753" NEWID="3840">
+<DATE>11-MAR-1987 13:46:29.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0161&#31;reute
+r f BC-NUMAC-OIL-AND-GAS-LTD   03-11 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUMAC OIL AND GAS LTD &lt;NMC> YEAR NET</TITLE>
+<DATELINE>    EDMONTON, March 11 -
+    </DATELINE><BODY>Oper shr 23 cts vs 77 cts
+    Oper net 5,255,179 vs 17.6 mln
+    Revs 37.8 mln vs 73.7 mln
+    NOTE: Cash flow 19.5 mln dlrs or 86 cts shr vs 36.7 mln
+dlrs or 1.62 dlrs shr.
+    1985 net excludes 32 ct shr loss from discontinued
+operations.
+    Gross proven and probable reserves of crude oil and natural
+gas liquiids 18.4 mln barrels, off 7.6 pct from a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8754" NEWID="3841">
+<DATE>11-MAR-1987 13:47:07.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0163&#31;reute
+r f BC-FARAH-&lt;FRA>-AGAIN-OMI   03-11 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARAH &lt;FRA> AGAIN OMITS QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    EL PASO, Texas, March 11 - </DATELINE><BODY>Farah Inc said it omitted its
+quarterly common stock dividend for the second consecutive
+quarter.
+    The company, which last paid a quarterly common dividend of
+22 cts a share in December, said it will consider future
+dividend payments on the basis of improved profitability and
+cash flow.
+    Farah said it expects to turn a profit for the balance of
+1987. For its first quarter ended January 31, Farah lost
+1,891,000 dlrs, or 32 cts a share, on sales of 71 mln dlrs.
+    In addition, Farah said it received shareholder approval to
+change its name to Farah Inc from Farah Manufacturing Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8755" NEWID="3842">
+<DATE>11-MAR-1987 13:50:53.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0169&#31;reute
+r f BC-PROPOSED-OFFERINGS   03-11 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Minnesota Power and Light Co &lt;MPL> - Offering of 50 mln
+dlrs in first mortgage bonds due April 1, 1994 and 75 mln dlrs
+in first mortgage bonds due April 1, 1997 through PaineWebber
+Inc.
+    International Lease Finance Corp &lt;ILFC> - Shelf offering of
+up to 1,000 shares of Dutch Auction Rate Transferable
+Securities (DARTS) preferred stock through Salomon Brothers Inc
+and Shearson Lehman Brothers Inc.
+    Trinity Industries Leasing Co - Offering of 100 mln dlrs of
+convertible debentures due April 1, 2012 through Merrill Lynch
+Capital Markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8756" NEWID="3843">
+<DATE>11-MAR-1987 13:52:49.58</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0175&#31;reute
+u f BC-JORDAN-PETROCANADA-AG   03-11 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JORDAN-PETROCANADA AGREE OIL EXPLORATION PROJECT</TITLE>
+<DATELINE>    AMMAN, March 11 - </DATELINE><BODY>A two-year project to search for oil and
+gas in Jordan was agreed in Amman by Jordan's Natural Resources
+Authority (NRA) and the Canadian company, Petrocanada
+International Assistance Corporation (PCIAC).
+    The 19.1 mln dlr assistance agreement was signed by
+Jordan's Minister of Energy Hisham al-Khatib and PCIAC chairman
+Peter M. Towe.
+    PCIAC is a Canadian government corporation providing
+assistance to countries like Jordan to reduce their dependence
+on oil imports, Towe said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8757" NEWID="3844">
+<DATE>11-MAR-1987 13:53:23.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0176&#31;reute
+r f BC-KEYSTONE-CAMERA-&lt;KYC>   03-11 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEYSTONE CAMERA &lt;KYC> TO DISTRIBUTE WATCHES</TITLE>
+<DATELINE>    CLIFTON, N.J., March 11 - </DATELINE><BODY>Keystone Camera Products Corp
+said it has agreed to be the United States distribution manager
+for Le Clip clip-on fashion watches.
+    Keystone said its agreement with &lt;Le Clip S.A.> of
+Switzerland is effective through March 31, 1990.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8758" NEWID="3845">
+<DATE>11-MAR-1987 13:53:57.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0177&#31;reute
+r f BC-NECO-&lt;NPT>-POSTPONES   03-11 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NECO &lt;NPT> POSTPONES ANNUAL MEETING</TITLE>
+<DATELINE>    MIDDLETOWN, R.I., March 11 - </DATELINE><BODY>NECO Enterprises Inc said it
+has postponed its annual meeting to May 21 from the previously
+scheduled April 28 and the record date for the meeting to March
+25 from March 11.
+    A spokesman said the changes were made because of the
+pending tender offer for the company's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8759" NEWID="3846">
+<DATE>11-MAR-1987 13:54:41.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E Y
+&#22;&#22;&#1;f0178&#31;reute
+r f BC-NUMAC-OIL-&lt;NMC>-SEES   03-11 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUMAC OIL &lt;NMC> SEES RESULTS IMPROVING</TITLE>
+<DATELINE>    EDMONTON, March 11 - </DATELINE><BODY>Numac Oil and Gas Ltd said it expects
+significant improvement in operating performance during 1987.
+    The company today reported 1986 earnings from continuing
+operations of 5,255,179 dlrs, down from 17.6 mln dlrs a yuear
+earlier, due to lower prices for crude oil and pipeline
+capacity constraints.
+    Numac said changes introduced by federal and provincial
+governments during 1986 should help results.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8760" NEWID="3847">
+<DATE>11-MAR-1987 13:56:11.05</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0179&#31;reute
+u f BC-/DOLE-SAYS-0/92-OPTIO   03-11 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLE SAYS 0/92 OPTION SHOULD BE CONSIDERED</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>U.S. Senate Republican leader Robert
+Dole said Congress should consider legislation to apply the
+so-called 0/92 option to producers of major commodities.
+    Dole told the National Corn Growers Association that he
+thought the proposal, supported by the Reagan administration,
+"should be seriously considered" because a refusal to do so could
+"play into the hands of those who want mandatory controls" placed
+on production.
+    However, Dole did not say whether he would support the 0/92
+option, which would offer producers at least 92 pct of their
+income support payments regardless of how much they planted.
+    The Senate Republican leader said the 0/92 option posed two
+problems. First, it is viewed, he said, by some as welfare. In
+addition, debate on the proposal could open up the whole farm
+bill, Dole said.
+    Dole also repeated his call for an across-the-board export
+enhancement program, saying a subsidy offer to the Soviet Union
+could help improve U.S. relations with that country.
+    Dole said that the United States has made the decision to
+trade with Moscow and that it's important to offer competitive
+prices.
+    The senator predicted Congress would have to decide this
+year whether to require an expansion of the export subsidy
+program, which currently targets benefits to recapture markets
+lost to other suppliers which subsidize.
+    Dole, who last year pledged to offer legislation to require
+a marketing loan for major crops but never did so, again called
+for the marketing loan for wheat and feedgrains.
+    The Reagan administration's proposed farm policy changes
+"are not going anywhere" this year, Dole said, singling out the
+proposal to cut target prices 10 pct per year.
+    Asked by reporters after his speech whether he sensed a
+shift in the State Department towards supporting an export
+enhancement initiative for the Soviet Union, Dole said he
+didn't see any change.
+    Dole also said it would be a very close call in the Senate
+whether to open up the farm bill to general debate this year.
+    Dole said he was encouraged by the selection of Republican
+David Karnes to replace the late Sen. Edward Zorinsky (D-Neb.)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8761" NEWID="3848">
+<DATE>11-MAR-1987 13:56:51.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0182&#31;reute
+d f BC-&lt;TOFRUZEN-INC>-IN-DIS   03-11 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TOFRUZEN INC> IN DISTRIBUTION AGREEMENT</TITLE>
+<DATELINE>    DENVER, MArch 11 - </DATELINE><BODY>Tofruzen Inc said King Soopers and City
+Markets, two supermarket chains, have tentatively agreed to
+carry the company's Tofruzen frozen dessert in all their
+Colorado stores after a 14-month test market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8762" NEWID="3849">
+<DATE>11-MAR-1987 13:57:11.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0184&#31;reute
+w f BC-ERICSSON-&lt;ERICY>-WINS   03-11 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERICSSON &lt;ERICY> WINS ORDER FROM WEST GERMANY</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>L.M. Ericsson Telephone Co of Sweden
+said it was awarded a 7.5 mln dlr contract to supply its
+Alfaskop computer terminals to the West German Bundespost, West
+Germany's telecommunications and postal administration.
+    Ericsson said the contract covers 2,000 terminals, which
+will be used by West German post offices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8763" NEWID="3850">
+<DATE>11-MAR-1987 13:57:57.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0185&#31;reute
+f f BC-******H.J.-HEINZ-CO-3   03-11 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>H.J. HEINZ CO 3RD QTR SHR 55 CTS VS 46 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8764" NEWID="3851">
+<DATE>11-MAR-1987 13:58:27.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0186&#31;reute
+b f BC-******H.J.-HEINZ-RAIS   03-11 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>H.J. HEINZ RAISES QUARTERLY TO 28 CTS FROM 25 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8765" NEWID="3852">
+<DATE>11-MAR-1987 14:00:04.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0188&#31;reute
+r f BC-PRE-PAID-LEGAL-&lt;PPD>   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRE-PAID LEGAL &lt;PPD> SEES HIGHER SALES GROWTH</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Pre-Paid Legal Services Inc chairman
+Harland Stonecipher said the company's sales growth rate for
+each of the next five years would substantially exceed the
+average 100 pct recorded over each of the last few years.
+    Addressing analysts, Stonecipher declined to give specific
+figures but attributed his optimism to a recent loan agreement
+with I.C.H. Corp &lt;ICH>, under which Pre-Paid is slated to
+receive 10 mln dlrs.
+    In 1986, Pre-Paid earned 2.5 mln dlrs on sales of 42.4 mln
+dlrs compared to net of 1.5 mln dlrs on sales of 19.8 mln dlrs
+in 1985.
+    Stonecipher said the company's product will be marketed
+through at least two I.C.H. subsidiaries. The agreement with
+I.C.H. will provide access to all 50 states from Pre-Paid's 
+present coverage in 22 states, he said.
+    Pre-Paid provides insurance for legal services primarily in
+the private sector.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8766" NEWID="3853">
+<DATE>11-MAR-1987 14:05:34.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0207&#31;reute
+r f BC-ranchmen's-resources   03-11 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;RANCHMEN'S RESOURCES LTD> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 11 -
+    </DATELINE><BODY>Shr loss seven cts vs loss 3.83 dlrs
+    Net profit 1,700,000 vs loss 13,900,000
+    Revs 18.7 mln vs 25.6 mln
+    Note: Current shr after preferred dividends of 2.0 mln dlrs
+    Prior shr and net includes 34.5 mln dlr writedown on oil
+properties
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8767" NEWID="3854">
+<DATE>11-MAR-1987 14:09:03.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0214&#31;reute
+b f BC-IRAQ-SAYS-IRANIANS-TH   03-11 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IRANIANS THROWN BACK IN SOUTH</TITLE>
+<DATELINE>    BAGHDAD, March 11 - </DATELINE><BODY>Iraq said it had repelled an Iranian
+attack on positions held by its fourth army corps east of the
+southern Iraqi town of Amarah on the Baghdad-Basra highway.
+    A Baghdad war communique said an Iranian infantry brigade,
+backed by tanks, launched the overnight attack and fierce
+fighting raged for more than six hours before Iranian troops
+fled the battlefield, leaving 220 men killed and many wounded.
+    No major battles have been reported fought by the fourth
+army corps for more than a year in the area, mainly swamplands
+of the Hawizah marshes running eastward to the southern port
+city of Basra.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8768" NEWID="3855">
+<DATE>11-MAR-1987 14:09:16.50</DATE>
+<TOPICS><D>gas</D><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T G
+&#22;&#22;&#1;f0215&#31;reute
+r f BC-DOLE-MULLS-BILL-TO-EX   03-11 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLE MULLS BILL TO EXTEND ETHANOL TAX EXEMPTION</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>U.S. Senate Republican leader Robert
+Dole (R-Kan.) said he and a group of Republican lawmakers are
+considering introducing legislation to extend the ethanol tax
+exemption through the year 2000.
+    Dole, addressing the National Corn Growers Association
+board, said the proposal was under consideration by a rural
+task force of Republican members of Congress and governors.
+    Gasoline containing at least 10 pct ethanol now receives a
+six cents per gallon exemption from a nine cent federal excise
+tax. The exemption is to expire the end of 1992.
+    Ethanol is produced primarily by a few large agribusiness
+firms including Archer Daniels Midland (ADM) and A.E. Staley.
+The tax exemption has helped bolster ethanol production despite
+a sharp drop in the prices of competing crude oil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8769" NEWID="3856">
+<DATE>11-MAR-1987 14:09:50.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0216&#31;reute
+r f BC-OAK-INDUSTRIES-&lt;OAK>   03-11 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OAK INDUSTRIES &lt;OAK> TO BUY REXNORD &lt;REX> UNIT</TITLE>
+<DATELINE>    SAN DIEGO, Calif, March 11 - </DATELINE><BODY>Oak Industries said it signed
+a definitive agreement to buy the stock of Rexnord Inc's
+Railway Maintenance Equipment Co unit, for an undisclosed sum.
+    The company said Railway Maintenance had 1986 revenues of
+16 mln dlrs.
+    Oak said the acquisition is part of its two-tier strategy
+of buying releated and unrelated businesses.
+    Oak had a tax loss carryforward of 125 mln dlrs at the end
+of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8770" NEWID="3857">
+<DATE>11-MAR-1987 14:09:55.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0217&#31;reute
+u f BC-SUMITOMO-BANK-&lt;SUMI>   03-11 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITOMO BANK &lt;SUMI> DECLARES STOCK DIVIDEND</TITLE>
+<DATELINE>    SAN FRANCISCO, March 11 - </DATELINE><BODY>Sumitomo Bank of California said
+it declared a 7-1/2 pct stock dividend in addition to its
+regular quarterly cash dividend of 29 cts per share.
+    Both dividends are payable April 27 to shareholders of
+record March 31, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8771" NEWID="3858">
+<DATE>11-MAR-1987 14:10:43.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0219&#31;reute
+r f BC-LSB-BANCSHARES-INC-&lt;L   03-11 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LSB BANCSHARES INC &lt;LXBK> RAISES PAYOUT</TITLE>
+<DATELINE>    LEXINGTON, N.C., March 11 -
+    </DATELINE><BODY>Qtly div 18 cts vs 17 cts prior
+    Pay April 15
+    Record April One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8772" NEWID="3859">
+<DATE>11-MAR-1987 14:12:02.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0221&#31;reute
+r f BC-H.J.-HEINZ-&lt;HNZ>-ELEC   03-11 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.J. HEINZ &lt;HNZ> ELECTS NEW CHAIRMAN</TITLE>
+<DATELINE>    PITTSBURGH, March 11 - </DATELINE><BODY>H.J. Heinz Co said its board of
+directors has elected Anthony O'Reilly chairman of the board,
+succeeding Henry Heinz II, who died on February 23.
+    Heinz said O'Reilly will retain his present titles of
+president and chief executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8773" NEWID="3860">
+<DATE>11-MAR-1987 14:12:09.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0222&#31;reute
+u f BC-H.J.-HEINZ-CO-&lt;HNZ>-3   03-11 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.J. HEINZ CO &lt;HNZ> 3RD QTR JAN 28 NET</TITLE>
+<DATELINE>    PITTSBURGH, March 11 - 
+    </DATELINE><BODY>Shr 53 cts vs 46 cts
+    Qtly div 28 cts vs 25 cts prior
+    Net 74.7 mln vs 63.2 mln
+    Revs 1.08 billion vs 1.01 billion
+    Nine mths
+    Shr 1.78 dlrs vs 1.60 dlrs
+    Net 244.4 mln vs 219.7 mln
+    Revs 3.33 billion vs 3.15 billion
+    Note: Dividend payable April 10 to shareholders of record
+March 23.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8774" NEWID="3861">
+<DATE>11-MAR-1987 14:14:17.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0225&#31;reute
+u f BC-CHRYSLER-&lt;C>-SELLS-BO   03-11 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> SELLS BONDS FROM ITS PORTFOLIO</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Chrysler Corp today sold 405 mln dlrs
+of corporate bonds from its nearly 3.5 billion dlr pension fund
+to Wall Street investment bankers, vice president and treasurer
+Fred Zuckerman said.
+    He said this was the first of two planned sales of
+corporate issues from the fund's portfolio. Zuckerman said
+Chrysler will sell slightly less than one billion dlrs of
+corporates.
+    "Phase two (the second sale) will be in a month or so," the
+Chrysler executive said, adding that proceeds will be invested
+exclusively in the equities market.
+    Before today's sale of corporate bonds, those securities
+had comprised roughly two thirds of the pension fund portfolio.
+    "After the two sales, equities will amount to 50 pct or
+more of the portfolio," Zuckerman said.
+    "We believe that the equity market has much more upside
+potential than the bond market," the executive said. "Interest
+rates are not coming down and I would not bet a lot that they
+will drop sharply."
+    He added, "I personally think interest rates may decline by
+50 basis points at the most this year."
+    Zuckerman said the 405 mln dlr bond sale was composed of
+139 separate issues.
+    "Sixty pct were utilities, 20 pct were issued by foreign
+governments or corporations, and 20 pct were financial
+institutions," he detailed.
+    The Chrysler treasurer said that the corporate paper had
+typically an 18-year maturity. "The securities were long-term,
+high-quality bonds, mostly rated AA-minus or A-plus," he said.
+    Zuckerman said Chrysler sold the corporate bonds at about
+1.6 pct above yesterday's closing prices for these issues.
+"That showed our portfolio is desirable," he commented.
+    Corporate bond traders noted that Chrysler's sale occurred
+against the backdrop of a slightly weak secondary market.
+    They said they believed that Chrysler was sold the
+corporates at a large profit because the issues were bought by
+the automaker for its portfolio when interest rates were much
+higher.
+    Chrysler's Zuckerman said his company sold the corporate
+issues to four large Wall Street securities firms.
+    He said that Morgan Stanley and Co Inc and Salomon Brothers
+Inc bought most of the bonds. However, Zuckerman declined to
+name the other two houses.
+    Yesterday, Chrysler presented four investment bankers with
+a list of bonds and asked them to submit bids by this morning.
+    Zuckerman said that Morgan Stanley bought more corporate
+bonds than any one of the other three houses.
+    Wall Street sources said they believed First Boston Corp
+and Merrill Lynch Capital Markets were also in on the bidding
+for the corporate bonds. They believed these two firms were
+awarded bonds by the carmaker as well.
+    A spokesman for Morgan declined to comment and referred
+inquiries to Chrysler. Officials at Salomon, First Boston and
+Merrill Lynch were unavailable for immediate comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8775" NEWID="3862">
+<DATE>11-MAR-1987 14:15:15.75</DATE>
+<TOPICS><D>copper</D><D>zinc</D><D>silver</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0229&#31;reute
+r f AM-peru-guerrillas   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU GUERRILLAS INTERRUPT TRAIN ROUTE TO MINES</TITLE>
+<DATELINE>    LIMA, March 11 - </DATELINE><BODY>Maoist guerrillas using dynamite derailed
+two locomotives and four train wagons, interrupting traffic on
+Peru's sole railway line linking the capital to the central
+Andes, where most of the country's mining centres are located,
+authorities said.
+    Damages was estimated at 800,000 dlrs in the dynamite blast
+yesterday at Chacapalca, where the explosion wrecked the train
+laden with minerals and 45 metres of the railway line.
+    Crews hoped to restore traffic to the line later today
+after clearing the damaged train and repairing the tracks at
+Chacapalca, 225 km east of the Capital, Lima.
+    An official at Mineroperu comercial (Minpeco), Peru's state
+minerals marketing firm, said the agency was assessing the
+situation. There had not been a declaration of force majeure on
+contracts to ship minerals abroad.
+    Foreign sales of silver, copper, zinc and other minerals
+earn Peru over half of its export income. Most of the minerals,
+extracted and refined in the central peruvian andes, are
+shipped down the central railway to the lima port of callao.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8776" NEWID="3863">
+<DATE>11-MAR-1987 14:15:40.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0232&#31;reute
+b f BC-******HOUSE-IN-PRELIM   03-11 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HOUSE IN PRELIMINARY VOTE OPPOSES AID TO NICARAGUAN REBELS FOR SIX MONTHS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8777" NEWID="3864">
+<DATE>11-MAR-1987 14:19:38.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0237&#31;reute
+u f BC-WALL-STREET-STOCKS/TE   03-11 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/TENNECO INC &lt;TGT></TITLE>
+<DATELINE>    NEW YORK, MARCH 11 - </DATELINE><BODY>Tenneco Inc, a company that has long
+been rumored to be a takeover candidate, rose sharply today
+when speculation surfaced that investor T. Boone Pickens may be
+targeting the company for an acquisition, traders and analysts
+said.
+    Tenneco spokesman Joseph Macrum said "we have no comment to
+make whatsoever." Pickens was not available for comment.
+    Traders noted that activity in the stock increased today
+after a published report linked Pickens to Tenneco.
+    Tenneco rose two points to 48-3/4.
+    Paul Feretti, an analyst with New Orleans-based Howard,
+Weil, Labouisse, Friedrichs, Inc, said he was not surprised at
+market rumors that Tenneco might be the target of a takeover
+attempt.
+    "It's pure market speculation that Boone Pickens and his
+group may be interested," Feretti said.
+    "But Tenneco would be a challenge to run because of its
+sheer size and diversity. Mr. Pickens is a man who likes a
+challenge."
+    Pickens, who made an unsuccessful attempt to take over
+Dallas-based Diamond Shamrock Corp &lt;DIA> last winter, has made
+no secret of his plans to acquire additional natural gas
+reserves in the belief that gas prices will stabilize sooner
+than oil prices. Tenneco holds natural gas reserves estimated
+in excess of 3.5 trillion cubic feet, analysts said.
+    Feretti conservatively estimated Tenneco's breakup value at
+58 dlrs a share and said the company generated a cash flow of
+about 10 dlrs a share "which is probably very attractive to
+Pickens." Other analysts, however, estimate a breakup value
+well into the 60 dlr a share range.
+    "I strongly doubt that there is going to be any hostile
+takeover," Drexel Burnham Lambert Inc's Houston-based analyst
+John Olson said, putting little credence in the rumors.
+    "Tenneco is a gargantuan enterprise with seven billion dlrs
+in long-term debt and preferred stock outstanding." He said the
+buyer would also have to deal with "the intractable problems"
+Tenneco faces with its farm equipment unit and energy
+businesses.
+    Analysts suggested that Tenneco could use a number of
+defensive strategies to fend off an unwanted buyer, such as
+spin off some of its non-energy businesses directly to
+shareholders, buy back shares or create a limited partnership
+out of its natural gas pipeline interests.
+    An analyst who asked to remain unidentified, discouraged
+the Pickens rumor. "Pickens has a plateful already with his
+holdings in Burlington Northern and Amerada Hess," he said. "I
+don't think he would be willing to take on Tenneco's problems
+with Case (the farm equipment unit), which has been losing
+about 180 mln dlrs annually and is worth less than a billion
+dlrs on the market today."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8778" NEWID="3865">
+<DATE>11-MAR-1987 14:19:45.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0238&#31;reute
+u f BC-SOFTWARE-AG-&lt;SAGA>-SE   03-11 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOFTWARE AG &lt;SAGA> SEES WEAK RESULTS</TITLE>
+<DATELINE>    RESTON, Va., March 11 - </DATELINE><BODY>Software AG Systems Inc said it
+expects to report earnings for its third quarter "substantially
+weaker" than earnings of prior periods due to an unexpected
+shortfall in U.S. domestic license revenues.
+    For the second quarter ended November 30, Software AG
+earned 2,089,000 dlrs, down from 5,014,000 dlrs a year before.
+In last year's third quarter, Software AG earned 1,598,000
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8779" NEWID="3866">
+<DATE>11-MAR-1987 14:19:56.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0239&#31;reute
+a f BC-CHRYSLER-&lt;C>-TO-STEP   03-11 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> TO STEP UP COUNTERFEIT BATTLE</TITLE>
+<DATELINE>    DETROIT, March 11 - </DATELINE><BODY>Chrysler Corp said it is escalating its
+war with automotive parts counterfeiters and will use the
+service of Light Signatures Inc of Los Angeles.
+    It said computer technology by Light Signatures initially
+will be used to safeguard warranty glass.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8780" NEWID="3867">
+<DATE>11-MAR-1987 14:22:13.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0242&#31;reute
+d f BC-MILES-LABORATORIES-IN   03-11 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILES LABORATORIES INC 4TH QTR NET</TITLE>
+<DATELINE>    ELKHART, Ind., March 11 -
+    </DATELINE><BODY>Net 3,563,000 vs 2,821,000
+    Sales 318.6 mln vs 305.4 mln
+    Year
+    Net 28,950,000 vs 20,167,000
+    Sales 1.22 billion vs 1.17 billion
+    Note: Company is a subsidiary of Bayer AG of West Germany.
+1986 figures exclude Miles' Bayvet animal health business, sold
+Jan. 1, 1986, to Mobay Corp, another Bayer AG affiliate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8781" NEWID="3868">
+<DATE>11-MAR-1987 14:23:50.68</DATE>
+<TOPICS><D>acq</D><D>silver</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0246&#31;reute
+r f BC-placer-to-increase   03-11 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLACER &lt;PLC> TO INCREASE STAKE IN EQUITY SILVER</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 11 - </DATELINE><BODY>&lt;Equity Silver
+Mines Ltd> said it agreed to sell 6.6 mln shares of a new class
+of par value voting stock to Placer Development Ltd for 37.1
+mln dlrs, increasing Placer's stake in Equity to 74.5 pct from
+68 pct.
+    The transaction is subject to regulatory approval and a
+vote by Equity minority shareholders at the April 23 annual
+meeting, the company said.
+    Proceeds from sale of the shares, priced at 5.625 dlrs
+each, will be used to buy and deliver 4,985,000 ounces of
+silver to Placer, Equity said.
+    Equity Silver said the silver remains to be delivered under
+its sale agreement with Placer, after delivery of its 750,000
+ounce minimum commitment for 1987.
+    Equity said it arranged to acquire 4,985,000 ounces of
+silver at 7.40 dlrs an ounces, subject to selling the shares to
+Placer.
+    Purchase and delivery of the silver to Placer will result
+in an after-tax gain of about 6.6 mln dlrs, Equity said.
+    It also said the stock and silver transactions will create
+a 37,059,000 dlr fund out of which dividends will be paid when
+cash is available.
+    The cash fund will enable Equity Silver to continue to pay
+dividends on its preferred shares and increase the likelihood
+that it may be able to pay dividends on its common shares, the
+company said.
+    It did not elaborate on what common share dividends might
+be paid.
+    The company normally pays quarterly preferred dividends
+totalling 619,000 dlrs from retained earnings, Equity Silver
+said.
+    Equity Silver had retained earnings of 2,312,000 dlrs at
+December 31, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8782" NEWID="3869">
+<DATE>11-MAR-1987 14:24:53.34</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0247&#31;reute
+r f AM-BRAZIL-STRIKES   03-11 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S SARNEY MEETS STRIKES WITH SHOW OF FORCE</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SANTOS, BRAZIL, MARCH 11 - </DATELINE><BODY>With troops in place in Brazil's
+ports and oil installations, the government of Prersident Jose
+Sarney today sought to end a wave of labour unrest by a show of
+force.
+    Yesterday the government sent thousands of troops supported
+in some instances by tanks to occupy nine oil refineries and
+six areas of oil production.
+    The state-oil company Petrobras requested the intervention
+because of a threatened strike by 55,000 oil industry
+employees.
+    The government had already dispatched more than 1,000
+marines to occupy the country's main ports after a national
+seamen's strike was ruled illegal last Friday.
+    The strike by 40,000 seamen, now in its 13th day,
+represents a stern challenge to the government.
+    The stoppage has delayed exports at a time when Brazil
+desperately needs foreign exchange.
+    It was a deterioration in the country's trade balance which
+precipitated Brazil's current debt crisis and the decision on
+February 20 to suspend interest payments on 68 billion dlrs of
+commercial debt.
+    There was no sign today of an early end to the seamen's
+strike, which has badly hit the port of Santos -- the most
+important in South America -- and the country's other main
+ports.
+    Small groups of marines armed with submachineguns stand on
+the quays near the strike-bound ships, but the military
+presence here is generally discreet.
+    A total of 800 marines are inside the docks but most are
+out of sight.
+    Yesterday marines and police occupied one ship, the
+Docemarte, seamen's leaders said. After explaining to the
+captain that the strikers faced up to one year in jail because
+the strike was illegal, the men returned to work.
+    One of the strike leaders, Elmano Barbosa, said "it is a
+psychological war. They are using force and we are using
+peaceful methods."
+    Port sources said only two Brazilian ships in Santos, the
+Docemarte and the Henrique Leal, were working.
+    At the seamen's national strike headquarters in Rio de
+Janeiro, spokesmen say a total of about 190 ships are
+strike-bound in Brazil and in foreign ports.
+    Contradicting earlier reports from strike headquarters in
+Rio de Janeiro, seamen in Santos said the strikers on board
+ships here were not running out of food.
+    The current labour unrest is the worst faced by Sarney's
+civilian government since it came to power two years ago.
+    Yesterday, in a separate protest, hundreds of thousands of
+farmers held rallies directed largely against high bank
+interest rates.
+    The current rash of labour unrest in industry and
+agriculture stems from the failure of the government's
+now-collapsed Cruzado Plan price freeze.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8783" NEWID="3870">
+<DATE>11-MAR-1987 14:32:36.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0267&#31;reute
+u f BC-INTELLIGENT-SYSTEMS-M   03-11 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELLIGENT SYSTEMS MLP &lt;INP> 3RD QTR DEC 31 NET</TITLE>
+<DATELINE>    NORCROSS, Ga., March 11 -
+    </DATELINE><BODY>Shr profit 20 cts vs profit five cts
+    Net profit 2,273,000 vs profit 563,000
+    Rev 38.7 mln vs 30.3 mln
+    Avg shares 11,138,503 vs 10,982,699
+    Nine months
+    Shr profit 40 cts vs loss 10 cts
+    Net profit 4,448,000 vs loss 1,123,000
+    Rev 108.4 mln vs 75.2 mln
+    NOTE: Third qtr net includes gain from discontinued
+operations of 3.5 mln dlrs, or 31 cts a share, vs 271,000, or
+two cts a share, in fiscal 1985's third qtr. Nine months net
+includes gain from discontinued operations of 3.8 mln dlrs, or
+34 cts a share, vs 731,000 dlrs, or seven cts a share, in the
+first nine months of fiscal 1985.
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8784" NEWID="3871">
+<DATE> 11-MAR-1987 14:36:20.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0280&#31;reute
+u f AM-CENTAM-AMERICAN 1STLD  03-11 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PROCEDURAL VOTE OPPOSES CONTRA AID</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The U.S. House of Representatives,
+in a key procedural vote, today opposed a grant of 40 mln dlrs
+to the Nicaraguan rebels until President Reagan accounts for
+previous aid, including proceeds from U.S. Arms sales to Iran.
+    The major test of House sentiment came several hours before
+the chamber was to take a final vote on the assistance.
+    However, the 227 to 198 vote on a procedural matter was
+seen as a temporary defeat for Reagan, who has made aid to the
+"contra" rebels one of his major foreign policy initiatives.
+   Congressional leaders, including foes of contra aid, have
+acknowledged that despite today's rebuff, which was expected,
+it will be virtually impossible to prevent the 40 mln dlrs,
+which was approved last year, from going through.
+    Even if the Senate goes along with the House in postponing
+the aid, Reagan will veto the legislation and Congress is not
+expected to be able to override the veto.
+    But House Speaker Jim Wright, a Texas Democrat, said
+today's vote was important because it would "send a message" to
+Reagan that his contra program was in trouble.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8785" NEWID="3872">
+<DATE>11-MAR-1987 14:40:15.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0294&#31;reute
+d f BC-shadowfax-resources   03-11 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHADOWFAX RESOURCES LTD &lt;SHFXF> YEAR LOSS</TITLE>
+<DATELINE>    TORONTO, March 11 -
+    </DATELINE><BODY>Shr loss three cts vs profit 14 cts
+    Net loss 79,778 vs profit 458,176
+    Revs 1,063,623 vs 1,165,186
+    Note: 1986 year includes 400,000 dlr writedown on Utah oil
+and gas properties
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8786" NEWID="3873">
+<DATE>11-MAR-1987 14:40:31.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0295&#31;reute
+d f BC-PARALAX-&lt;VIDO>-AGREES   03-11 0146</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARALAX &lt;VIDO> AGREES TO ACQUIRE AMERICAN VIDEO</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Paralax Video Enterprises Inc said it
+has agreeed to acquire &lt;American Video Group Inc> in exchange
+for 287,700 Paralax restricted common shares and three year
+warrants to buy 318,600 restricted shares at six dlrs a share.
+    Paralax said holders of some American Video convertible
+debentures have elected to exchange them for Paralax restricted
+common with a market value of about 380,000 dlrs with that
+value to be determined in about 45 days.
+    American Video is a closely held company operating video
+rental concessions in post and base exchanges at 54 Army, Air
+Force, Navy and Coast Guard installations. In its most recent
+year, the company had revenues of about 1.5 mln dlrs.
+    Paralax said the acquisition is scheduled to close March
+16. The company now has about 5.5 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8787" NEWID="3874">
+<DATE>11-MAR-1987 14:40:46.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0297&#31;reute
+d f BC-KURZWEIL-MUSIC-SYSTEM   03-11 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KURZWEIL MUSIC SYSTEMS INC &lt;KURM> 4TH QTR LOSS</TITLE>
+<DATELINE>    WALTHAM, Mass., March 11 -
+    </DATELINE><BODY>Shr loss 21 cts vs loss 29 cts
+    Net loss 1,246,000 vs loss 1,420,000
+    Revs 2,120,000 vs 1,186,000
+    Avg shrs 5,853,587 vs 4,880,427
+    Year
+    Shr loss 85 cts vs loss 1.21 dlrs
+    Net loss 4,968,000 vs loss 5,274,000
+    Revs 6,536,000 vs 5,056,000
+    Avg shrs 5,854,543 vs 4,367,864
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8788" NEWID="3875">
+<DATE>11-MAR-1987 14:41:05.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0300&#31;reute
+s f BC-J.P.-MORGAN-AND-CO-IN   03-11 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.P. MORGAN AND CO INC &lt;JPM> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 11-
+    </DATELINE><BODY>Dividend 34 cts vs 34 cts previously
+    Pay April 15
+    Record March 23
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8789" NEWID="3876">
+<DATE>11-MAR-1987 14:44:08.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bulgaria</D><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0305&#31;reute
+u f BC-BULGARIA-SIGNS-40-BIL   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BULGARIA SIGNS 40 BILLION EUROYEN LOAN</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>The Bulgarian Foreign Trade Bank has
+signed with a group of Japanese banks a 40 billion Euroyen
+equivalent loan, which is the largest syndicated loan
+denominated in euroyen for a European borrower, Bank of Tokyo
+Ltd said as one of the lead managers.
+    The financing is for seven years and provides the borrower
+with the option to borrow in other currencies.
+    Dai-Ichi Kangyo Bank Ltd was the other lead manager and
+nine Japanese banks joined the financing. The syndication of
+the deal was designed to enhance the Foreign Trade Bank's
+relationship with Japanese financial institutions, Bank of
+Tokyo said.
+    The financing marked the first trip to the international
+capital markets for the borrower since 1985.
+    The loan has a six year grace period and interest is at 1/8
+pct over the London Interbank Offered Rate for the first two
+years, with the margin rising to 1/4 pct thereafter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8790" NEWID="3877">
+<DATE>11-MAR-1987 14:46:16.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0308&#31;reute
+d f AM-INSIDER   03-11 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH U.K. EXECUTIVE CHARGED BY SEC</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>The U.S. Securities and Exchange
+Commission said it charged a managing director of
+Merrill Lynch, Pierce, Fenner and Smith Ltd in London with
+masterminding "a massive insider trading scheme."
+    Nahum Vaskevitch, managing director of the Mergers and
+Acquisitions Department of the broker's London office, was
+charged in a civil complaint by the SEC filed in Manhattan
+Federal Court.
+    The complaint said Vaskevitch leaked information about 12
+companies involved in a merger or acquisition which resulted in
+more than four mln dlrs in profit for himself and others
+involved in the scheme.
+    Merrill Lynch, Pierce, Fenner and Smith is a subsidiary of
+Merrill Lynch and Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8791" NEWID="3878">
+<DATE>11-MAR-1987 14:46:23.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0309&#31;reute
+u f BC-BANK-OF-ITALY-SETS-ME   03-11 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ITALY SETS MERCHANT BANK CAPITAL MINIMUM</TITLE>
+<DATELINE>    ROME, March 11 - </DATELINE><BODY>A Bank of Italy circular that gives the
+green light for Italian banks to establish merchant banking
+units stipulates that such units must have a minimum capital of
+50 billion lire.
+    The circular, which renders operative a previously detailed
+resolution agreed by a government interministerial committee
+last month, will open the door for wider participation by
+Italian banks in merchant banking activities.
+    Previously, such activities were essentially confined to
+state banks operating special credit sections to provide
+medium- and long-term loans to industry.
+    The circular also stipulates that merchant banks set up by
+banks can have debts totaling a maximum of double their
+capital.
+    It also stipulates that the total amount of risk capital
+that a merchant bank can hold in its portfolio must not exceed
+the value of the bank's own combined capital and reserves.
+    No investment in any single company must exceed 20 pct of
+the combined value of the merchant bank's capital and reserves.
+    The merchant banks may not acquire, either directly or
+indirectly, controlling stakes in companies in which they
+invest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8792" NEWID="3879">
+<DATE>11-MAR-1987 14:47:59.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0316&#31;reute
+d f BC-BAYLY-&lt;BAYL>-BUYS-MAJ   03-11 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYLY &lt;BAYL> BUYS MAJORITY OF CHUTES</TITLE>
+<DATELINE>    DENVER, Colo, March 11 - </DATELINE><BODY>Bayly Corp said it acquired 55 pct
+of Chutes Corp, a maker of denim-oriented sportswear
+headquartered in Seattle, Wash.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8793" NEWID="3880">
+<DATE>11-MAR-1987 14:48:28.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0319&#31;reute
+d f BC-shadowfax   03-11 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHADOWFAX &lt;SHFXF> SETS NORMAL COURSE ISSUER BID</TITLE>
+<DATELINE>    TORONTO, March 11 - </DATELINE><BODY>Shadowfax Resources Ltd said it set a
+normal course issuer bid to acquire for cancellation up to five
+pct of its three mln outstanding common shares on the open
+market on the Alberta Stock Exchange, subject to regulatory
+approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8794" NEWID="3881">
+<DATE>11-MAR-1987 14:49:05.16</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0321&#31;reute
+u f BC-CFTC-APPROVES-MGE-COR   03-11 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CFTC APPROVES MGE CORN SYRUP FUTURES CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The Commodity Futures Trading
+Commission has approved the Minneapolis Grain Exchange's
+application to trade high fructose corn syrup-55, HFCS-55,
+futures contracts, the commission said.
+    The contract provides for the delivery of 48,000 lbs, plus
+or minus two pct, of bulk HFCS-55 meeting specified standards
+regarding its physical and chemical properties.
+    CFTC said the exchange plans to begin trading a July 1987
+HFCS-55 contract on April 6.
+    CFTC said the soft drink industry currently buys at least
+95 pct of all U.S.-produced HFCS-55, a liquid food and beverage
+sweetener produced through the processing of corn starch by
+corn refiners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8795" NEWID="3882">
+<DATE>11-MAR-1987 14:49:31.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0324&#31;reute
+r f BC-GENERAL-INSTRUMENT-&lt;G   03-11 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL INSTRUMENT &lt;GRL> UNIT GETS NAVY AWARD</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>General Instrument Corp's government
+systems division said it received a 35.9 mln dlr contract from
+the Naval Air Command Systems.
+    The company said the contract calls for continued
+production of General Instrument's family of electronics
+warfare systems for application in naval aircraft.
+    The contract also contains options for more than 100
+systems to be ordered within the next several years, the
+company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8796" NEWID="3883">
+<DATE>11-MAR-1987 14:50:05.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0328&#31;reute
+d f BC-LONDON-EXCHANGE-DECLI   03-11 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON EXCHANGE DECLINES COMMENT ON MERRILL CASE</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>The London Stock Exchange has no
+immediate comment on the U.S. Insider trading charge against a
+senior London executive of Merrill Lynch and Co, an Exchange
+spokesman said.
+    "This is a civil action in New York and no-one here has any
+proper details yet," he added.
+    The London Exchange, which keeps in touch through the U.K.
+Government's information channels to the U.S. Securities and
+Exchange Commission, will await further developments, he said.
+    Trade and Industry Department officials also declined
+immediate comment.
+    Merrill Lynch in London said any further amplification on
+the SEC charge against its executive Nahum Vaskevitch would
+have to come from the firms's New York office.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8797" NEWID="3884">
+<DATE>11-MAR-1987 14:53:30.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0333&#31;reute
+r f BC-INTELLIGENT-SYSTEMS-M   03-11 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELLIGENT SYSTEMS MLP &lt;INP> MAKES CASH PAYOUT</TITLE>
+<DATELINE>    NORCROSS, Ga., March 11 - </DATELINE><BODY>Intelligent Systems Master
+Limited Partnership said it will make a cash distribution of 25
+cts a unit in early April to unitholders of record as of March
+31.
+    The company said continued strength in its results prompted
+the move.
+    Intelligent Systems added that if current plans to sell
+some of its assets, as previously announced, are successful, it
+may make further distributions estimated at 15 cts to 25 cts a
+unit.
+    Earlier, the company reported fiscal third quarter ended
+December 31 net income of 2.3 mln dlrs, or 20 cts a share, up
+from fiscal 1985 third quarter results of 563,000 dlrs, or five
+cts a share.
+    In addition, it reported fiscal 1986 nine months' net
+income of 4.4 mln dlrs, or 40 cts a share, versus a loss of 1.1
+mln dlrs, or 10 cts a share, in fiscal 1985's first three
+quarters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8798" NEWID="3885">
+<DATE>11-MAR-1987 14:56:20.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0339&#31;reute
+r f AM-MERGERS   03-11 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADMINISTRATION SAID LAX ON ANTITRUST ENFORCEMENT</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>A group of state officials and a key
+U.S. senator said a corporate merger wave was harming the
+economy and blamed the Reagan administration for laxness in
+enforcing the federal antitrust laws.
+    Sen. Howard Metzenbaum, the Ohio Democrat who chairs the
+Senate Judiciary Committee's Antitrust Subcommittee, also
+cautioned the Department of Justice (DOJ) to comply with his
+request for a listing of each case since 1980 in which
+department officials had rejected a staff recommendation to
+prosecute a suspected antitrust violation.
+    Metzenbaum had asked for the data by Monday, but the DOJ
+failed to meet the deadline and later hinted it might refuse to
+comply.
+    Acting Assistant Attorney General for Antitrust Charles
+Rule defended the administration's record on antitrust
+enforcement and told the panel at today's hearing that the
+department was in the process of preparing a response to
+Metzenbaum's request.
+    "We have nothing to hide, but we have to be concerned about
+our institutional interests," Rule said. He provided no
+explanation of what those interests were.
+    Metzenbaum said he had scheduled the hearings and requested
+the data out of concern "that this administration has abandoned
+the nation's historical commitment to effective antitrust
+enforcement."
+    "The green light is on," he said. "Merger mania is rampant
+in this country...and it is not serving us well."
+    Rule countered that the low inflation and interest rates
+and the continuing economic expansion meant the
+administration's policies were working well.
+    He said simply looking at the number of challenges filed
+against pending mergers was misleading because there was no
+reason to believe that a fixed proportion of all mergers were
+anticompetitive.
+    "If you look at the individual cases rather than the
+statistics, you will see that we are appropriately enforcing
+the antitrust laws," Rule said.
+    Metzenbaum's view, however, was bolstered by the National
+Association of Attorneys General, a group of top state law
+enforcement officials.
+    "The federal assault on antitrust has been comprehensive,"
+Robert Abrams, attorney general of New York and chairman of the
+group's antitrust committee, told the panel.
+    "The reduction in enforcement has been exacerbated by
+federal attempts to prevent both state attorneys general and
+private parties from enforcing the law in accordance with its
+clear meaning and Supreme Court interpretations," Abrams said.
+    The group has drafted its own merger guidelines to bring
+uniformity to the attorney generals' efforts to enforce the
+laws at the state level.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8799" NEWID="3886">
+<DATE>11-MAR-1987 14:57:17.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0341&#31;reute
+d f BC-KURZWEIL-&lt;KURM>-HAS-R   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KURZWEIL &lt;KURM> HAS REDUCED WORK FORCE</TITLE>
+<DATELINE>    WALTHAM, Mass., March 11 - </DATELINE><BODY>Kurzweil Music Systems Inc said
+it has taken steps this year to reduce costs, including a 10 to
+15 pct reduction in its work force.
+    A spokesman said the company now has about 70 employees.
+    It said other reductions include the use of professional
+services, administrative costs, manufacturing overhead and
+non-essential development services, adding these cuts are
+expected to have a significant impact beginning in the second
+quarter.
+    Earlier today Kurzweil reported a 1986 loss of 85 cts a
+share compared to a 1985 loss of 1.21 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8800" NEWID="3887">
+<DATE>11-MAR-1987 14:58:32.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0345&#31;reute
+r f BC-WHITE-HOUSE-OPPOSES-S   03-11 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE OPPOSES STOCK TRANSFER TAX</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The White House said that a proposal
+by House Speaker Jim Wright for a tax on stock transfers "would
+clearly be a tax increase" and that President Reagan opposed it.
+    Spokesman Marlin Fitzwater noted that some 47 mln Americans
+owned securities, shares in mutual funds or had pensions
+invested in the stock market.
+    He said Wright's proposal differed from user fees, which
+the Administration has proposed in its budget and "clearly is a
+tax increase."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8801" NEWID="3888">
+<DATE>11-MAR-1987 14:59:01.17</DATE>
+<TOPICS><D>oilseed</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0347&#31;reute
+u f BC-AIDE-SAYS-FRANCE-SUPP   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIDE SAYS FRANCE SUPPORTS OIL AND FATS TAX</TITLE>
+<DATELINE>    PARIS, March 11 - </DATELINE><BODY>France supports the European Commission's
+plans for a European Community (EC) fats and oils tax but
+objects to some of its oilseeds proposals, Yves Van Haecke, an
+aide to French agriculture minister Francois Guillaume said.
+    He told a general assembly of France's Oilseeds Federation
+(FFCOP) that a suppression of monthly increases of oilseed
+support prices, for example, was unacceptable.
+    French oilseeds experts added the principle of a single tax
+regardless of varying quality was clumsy and capable of
+unneccessarily alienating exporters such as the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8802" NEWID="3889">
+<DATE>11-MAR-1987 14:59:13.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0348&#31;reute
+w f BC-ENGELHARD-BUILDS-PLAN   03-11 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENGELHARD BUILDS PLANT IN JAPAN</TITLE>
+<DATELINE>    EDISON, N.J., March 11 - </DATELINE><BODY>Engelhard Corp &lt;EC> said its
+Japanese joint venture Nippon Engelhard Ltd is constructing a
+new chemical catalyst manufacturing facility at its Numazu
+complex and expanding its research laboratories at Ichikawa.
+    Start-up is targeted for third quarter 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8803" NEWID="3890">
+<DATE>11-MAR-1987 15:00:33.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0351&#31;reute
+r f BC-HEINZ-&lt;HNZ>-HAS-HIGHE   03-11 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEINZ &lt;HNZ> HAS HIGHER NET DESPITE HIGHER COSTS</TITLE>
+<DATELINE>    PITTSBURGH, March 11 - </DATELINE><BODY>H.J. Heinz Co said net income for
+the third quarter rose 18.2 pct despite an 17.2 pct increase in
+marketing expenses.
+    Meanwhile, the company said it raised its quarterly
+dividend to 28 cts a share from 25 cts a share in part on the
+expectation that its tax rate under the new tax law will result
+in greater cash flow.
+    For the third quarter ended January 31, Heinz earned 74.7
+mln dlrs, or 55 cts a share, up from earnings of 63.2 mln dlrs,
+or 46 cts a share, for the year-ago quarter.
+    For the nine months, the company posted a profit of 244.4
+mln dlrs, or 1.78 dlrs a share, compared with a profit of 219.7
+mln dlrs, or 1.60 dlrs a share, for the year-ago period.
+    "Based on the company's performance for the first nine
+months, we expect to achieve our 23rd consecutive year of new
+growth records," Anthony J.F. O'Reilly, Heinz's newly elected
+chairman.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8804" NEWID="3891">
+<DATE>11-MAR-1987 15:02:41.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0359&#31;reute
+h f AM-BANKING   03-11 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OKLAHOMA BANKING CHIEF WILL APPEAL CHARGE</TITLE>
+<DATELINE>    OKLAHOMA CITY, Okla. March 11, Reuter - </DATELINE><BODY>State Banking
+Commissioner Robert Empie, ordered removed from office in an
+alleged insider trading scheme, plans to fight the charges, an
+aide said today.
+    "There will be a hearing on the allegations," a spokeswoman
+said, when Empie returns from a meeting outside the state.
+    Governor Henry Bellmon yesterday issued an executive order
+removing Empie from office "by reason of his incompetence,
+malfeasance and neglect of duty."
+    Bellmon said Empie held or controlled more than 50,000
+shares of stock in United Oklahoma Bank, a firm whose assets he
+regulated. He said the commisssioner used "information available
+to him only by reason of his position as commissioner to
+determine when to sell or attempt to sell shares of stock."
+    The order gave Empie 20 days to request a hearing,
+something his aide indicated he planned to do. In the meantime
+he was suspended from office.
+    "Empie intentionally misled the state of Oklahoma into
+believing that he had removed hmself from any potential
+conflict of interest by placing the ... shares in a so-called
+blind trust beyond his control, when in fact Empie continued to
+be infomred of the assets in the trust and the value of those
+assest and remained in control of their disposition, as shown
+by his transfer of the shares on or about December 23, 1985,"
+Bellmon said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8805" NEWID="3892">
+<DATE>11-MAR-1987 15:03:48.25</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0364&#31;reute
+u f BC-BRAZILIAN-FCOJ-OFFICI   03-11 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN FCOJ OFFICIAL WELCOMES U.S. DUTY CUT</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 11 - </DATELINE><BODY>Mario Branco Peres, president of
+the Brazilian Association of Citrus Juice Industries
+(Abrassuco), welcomed a decision by the U.S. Commerce
+Department sharply cutting its duties on imported frozen
+concentrated orange juice (FCOJ) from Brazil.
+    Speaking by telephone from Sao Paulo, Peres said, "With its
+decision, the U.S. government recognised the honesty of
+Brazilian exporters, who never have the intention of practising
+dumping."
+    In a final ruling yesterday, the U.S. government eliminated
+the duties shipped by Sucocitrico Cutrale and cut to 1.96 pct
+the duty on Citrosuco. Duties of 8.54 pct had been set last
+October.
+    Peres said Brazil had enough orange juice to meet the needs
+of its major clients.
+    "We do not have in stock what we would like to have, but we
+certainly have enough orange juice available to supply our
+buyers," Peres said, declining to estimate the amount of the
+current stock. "To keep it a secret is part of our strategy," he
+added.
+    Peres said the price policy of the orange juice was based
+on market conditions.
+    "There is nothing better than a free trade policy," he said.
+    Cutrale and Citrosuco officials were not immediately
+available for comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8806" NEWID="3893">
+<DATE>11-MAR-1987 15:05:27.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0376&#31;reute
+u f BC-WALL-STREET-STOCKS/IC   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/ICH CORP &lt;ICH></TITLE>
+<DATELINE>    NEW YORK, Louisville, KY, March 11 - </DATELINE><BODY>ICH Corp's stock
+continued under pressure because of lower earnings
+expectations, Wall Street analysts said.
+    The stock was down one today at 17-1/4, and down about four
+since Thursday, when ICH announced it would be reporting
+lower-than-expected fourth quarter net income.
+    The company said it would report full year 1986 net income
+of 2.00 dlrs per share compared to 2.32 dlrs per share in 1985.
+Analysts said they had estimated 1987 net at 3.00-4.00 dlrs and
+were now looking for at 2.50 dlr to 2.80 dlr range.
+    ICH officials were unavailable for comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8807" NEWID="3894">
+<DATE>11-MAR-1987 15:05:39.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0378&#31;reute
+r f BC-INVACARE-CORP-&lt;IVCR>   03-11 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVACARE CORP &lt;IVCR> 4TH QTR NET</TITLE>
+<DATELINE>    ELYRIA, Ohio, March 11 -
+    </DATELINE><BODY>Shr profit 26 cts vs profit 19 cts
+    Net profit 1,458,000 dlrs vs profit 1,070,000 dlrs
+    Rev 30.9 mln dlrs vs 27.5 mln dlrs
+    12 mths
+    Shr profit 60 cts vs loss 19 cts
+    Net profit 3,367,000 dlrs vs loss 1,061,000 dlrs
+    Revs 111.5 mln dlrs vs 94.3 mln dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8808" NEWID="3895">
+<DATE>11-MAR-1987 15:05:49.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0380&#31;reute
+r f BC-renaissance-energy   03-11 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;RENAISSANCE ENERGY LTD> YEAR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 11 -
+    </DATELINE><BODY>Shr 47 cts vs 31 cts
+    Net 4,757,000 vs 2,466,000
+    Revs 32.8 mln vs 33.5 mln
+    Avg shrs 12,638,000 vs 8,941,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8809" NEWID="3896">
+<DATE>11-MAR-1987 15:07:14.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0381&#31;reute
+r f BC-ATLANTIC-SOUTHEAST-&lt;A   03-11 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC SOUTHEAST &lt;ASAI> TRAFFIC INCREASES</TITLE>
+<DATELINE>    COLLEGE PARK, Ga., March 11 - </DATELINE><BODY>Atlantic Southeast Airlines
+Inc reported an 11.1 pct increase of revenue passenger miles
+during February 1987 from a year ago the same period.
+    The regional carrier reported it flew 17.5 mln passenger
+revenue miles during the month, up from 15.7 mln miles in
+February 1986.
+    ASA said its load factor, however, was down to 38.8 pct
+from 42.7 pct a year ago.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8810" NEWID="3897">
+<DATE>11-MAR-1987 15:11:37.93</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0392&#31;reute
+f f BC-******USDA-ACCEPTS-OF   03-11 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USDA ACCEPTS OFFERS FOR 550,000 TONNES  OF BONUS WHEAT FOR CHINA
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8811" NEWID="3898">
+<DATE>11-MAR-1987 15:13:33.80</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0399&#31;reute
+u f BC-QUEBEC-FEBRUARY-HOUSI   03-11 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBEC FEBRUARY HOUSING STARTS FALL</TITLE>
+<DATELINE>    MONTREAL, March 11 - </DATELINE><BODY>Quebec housing starts fell in February
+to 2,191, a four pct drop from last year when growth in Quebec
+housing starts was among the highest in the Canada, the Canada
+Mortgage and Housing Corp said.
+    The February rate seasonally adjusted now stands at 40,000,
+down from 79,000 in January, the government agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8812" NEWID="3899">
+<DATE>11-MAR-1987 15:14:31.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0403&#31;reute
+r f BC-INVACARE-&lt;IVCR>-EXPEC   03-11 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVACARE &lt;IVCR> EXPECTS HIGHER 1987 SALES</TITLE>
+<DATELINE>    ELYRIA, Ohio, March 11 - </DATELINE><BODY>Invacare Corp chairman, president
+and chief executive officer A. Malachi Mixon III said he
+expects the home healthcare equipment company to post sales
+increases in the 10 to 15 pct range in 1987.
+    Mixon said the increases should come from internal growth
+as well as potential acquisitions.
+    "Invacare is aggressively seeking acquisitions to
+complement the company's existing product lines," Mixon said.
+    Earlier, the company reported fourth quarter 1986 net of
+1.5 mln dlrs, or 26 cts a share, up from 1.1 mln dlrs, or 19
+cts a share, in 1985's fourth quarter.
+    Invacare also reported 1986 net income of 3.4 mln dlrs, or
+60 cts a share, up from a loss of 1.1 mln dlrs, or 19 cts a
+share, in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8813" NEWID="3900">
+<DATE>11-MAR-1987 15:18:29.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0413&#31;reute
+u f BC-LAMSON-AND-SESSIONS-C   03-11 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAMSON AND SESSIONS CO &lt;LMS> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>Oper shr loss 26 cts vs profit five cts
+    Oper net loss 1,506,000 vs profit 312,000
+    Revs 42 mln vs 27.9 mln
+    Year
+    Oper shr loss 43 cts vs profit 16 cts
+    Oper net loss 2,535,000 vs profit 1,236,000
+    Revs 129.9 mln vs 120.3 mln
+    NOTE: Excludes discontinued operations loss 1.42 dlrs a
+share versus loss nine cts in the quarter, and loss 1.62 dlrs a
+share versus loss 12 cts in the year.
+    Also excludes extraordinary loss of six cts a share in the
+fourth quarter 1985, and gain of 1.81 dlrs a share in full year
+1985.
+    Also excludes 1986 full year gain of 80 cts per share from
+accounting change.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8814" NEWID="3901">
+<DATE>11-MAR-1987 15:20:12.69</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0417&#31;reute
+r f BC-ARGENTINE-MEAT-EXPORT   03-11 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE MEAT EXPORTS LOWER IN 1986</TITLE>
+<DATELINE>    BUENOS AIRES, March 11 - </DATELINE><BODY>Argentine meat exports during
+Jan/Dec 1986 totalled 220,911 tonnes, against 223,204 tonnes
+shipped in the same 1985 period, the National Meat board said.
+    Shipments in tonnes with comparative figures for the 1985
+period, in brackets, included: beef 120,184 (137,686), horse
+meat 25,651 (33,892) and beef offal 50,100 (47,745).
+    Argentina's meat exports totalled 20,481 tonnes in December
+1986, against 15,801 tonnes in the same 1985 month.
+    Shipments in tonnes, with comparative figures for December
+1985, in brackets, included: beef 14,384 (10,339), horse meat
+1,609 (1,539) and beef offal 3,388 (3,098), the board said.
+    Main destinations for refrigerated beef (bone in
+equivalent) were as follows, in tonnes, with comparative
+figures for 1985 in brackets:
+    E.C. 46,300 (49,700), Israel 16,200 (17,600), Brazil 18,100
+(unavailable), Peru 8,100 (2,300), Angola 4,800 (12,100), Chile
+3,400 (8,200), Switzerland 3,000 (3,000), Canary Islands 2,400
+(3,700), Singapore 1,900 (1,700), Aruba/Curazao 1,600 (1,700).
+    Main destinations for canned meat and cooked beef (bone in
+equivalent) in tonnes, with figures for 1985 in brackets, were:
+United States 88,300 (102,900), E.C. 30,700 (24,100).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8815" NEWID="3902">
+<DATE>11-MAR-1987 15:20:45.47</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0419&#31;reute
+d f BC-SOUTH-KOREA-TO-KEEP-T   03-11 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA TO KEEP TRADE SURPLUS 3-5 YEARS</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>South Korean Trade Minister Rha
+Woong Bae said his nation would maintain a trading surplus for
+three to five years as a way to cut its foreign debt.
+    He said in an interview with Reuter that after a few years
+it was likely South Korea would drop barriers to foreign goods
+and move toward a more balanced trade position.
+    He said the present trade surplus was vital if his nation
+was to reduce its 44.5 billion dlr foreign debt.
+    Rha said that 1986 was the first year South Korea had a
+trade surplus - 4.5 billion dlrs, against a 1985 deficit of 
+900 mln dlrs.
+    Rha made his remarks at the end of a two-week trade mission
+here during which a team he led agreed to buy U.S. products
+valued at 1.8 billion dlrs.
+    About 800 mln dlrs of the purchases here were in goods of
+the type South Korea normally bought from Japan.
+    Rha leaves today for Ottawa for trade talks with Canadian
+officials and businessmen.
+    Asked if South Korea would retaliate against U.S. goods if
+Congress closed U.S. markets to its products, he said "at this
+moment, we have no thought of retaliation."
+    South Korea is a major exporter to the U.S. of textiles and
+apparel and electronic goods, such as television sets, video
+cassette records and personal computers.
+    Its purchases from the United States include electronic
+testing equipment, grains and cotton.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8816" NEWID="3903">
+<DATE>11-MAR-1987 15:22:48.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0421&#31;reute
+u f BC-RESTURANT-ASSOCIATES   03-11 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESTURANT ASSOCIATES INDUSTRIES INC &lt;RAA>4TH QTR</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>Shr 26 cts vs 36 cts
+    Shr diluted 25 cts vs 36 cts
+    Net 1,389,000 vs 1,412,000
+    Revs 56.9 mln vs 35.1 mln
+    Avg shrs 5,412,000 vs 3,962,000
+    Year
+    Shr 90 cts vs 75 cts
+    Shr diluted 86 cts vs 75 cts
+    Net 4,692,000 vs 2,961,000
+    Revs 201.4 mln vs 140.0 mln
+    Avg shrs 5,234,000 vs 3,954,000
+    NOTE: Results for 14 and 53 week periods ended January 3,
+1987, vs 13 and 52 week periods ended December 28, 1985
+    1985 net in both periods includes gain of 99,000 dlrs from
+tax loss carryforward
+    Spokeswoman said average shares outstanding on a diluted
+basis were not available
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8817" NEWID="3904">
+<DATE>11-MAR-1987 15:27:33.40</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0433&#31;reute
+b f BC-/USDA-ACCEPTS-BONUS-W   03-11 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ACCEPTS BONUS WHEAT OFFERS FOR CHINA</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The Commodity Credit Corp (CCC) has
+accepted bids for export bonuses to cover sales of 340,000
+tonnes of hard red winter wheat and 210,000 tonnes of soft red
+winter wheat to China, the U.S. Agriculture Department said.
+    The bonuses awarded averaged 36.22 dlrs per tonne, and the
+wheat is scheduled for delivery during May-Oct 1987.
+    The bonus awards were made to Cargill, Inc (305,000
+tonnes), Continental Grain Co (155,000 tonnes), Mitsubishi
+International Corp (60,000 tonnes) and Richco Grain Co (30,000
+tonnes).
+    Bonuses will be paid to the exporters in the form of
+commodities from CCC stocks.
+    The purchases complete the Export Enhancement Program
+initiative for China announced Jan 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8818" NEWID="3905">
+<DATE>11-MAR-1987 15:29:11.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0437&#31;reute
+s f BC-SOUTHERN-NEW-ENGLAND   03-11 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN NEW ENGLAND TELECOM &lt;SNG> DECLARES DIV</TITLE>
+<DATELINE>    NEW HAVEN, Conn., March 11 -
+    </DATELINE><BODY>Qtly div 72 cts vs 72 cts prior
+    Pay April 15
+    Record March 23
+    NOTE: Company's full name is Southern New England
+Telecommunications Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8819" NEWID="3906">
+<DATE>11-MAR-1987 15:29:28.84</DATE>
+<TOPICS><D>acq</D><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0439&#31;reute
+u f BC-venezuela-moves-close   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA MOVES CLOSER TO CHAMPLIN PURCHASE</TITLE>
+<DATELINE>    Caracas, march 11 - </DATELINE><BODY>the council of ministers approved
+petroleos de venezuela's planned purchase of a half interest in
+the champlin petroleum refinery at corpus christi, texas,
+government sources said.
+    The cabinet authorized energy and mines minister arturo
+hernandez grisanti to approve the purchase in the shareholders
+assembly of the state oil company petroleos de venezuela
+(pdvsa).
+    Pdvsa last april 14 signed a letter of intent to buy a half
+interest in champlin's corpus christi refinery for an
+undisclosed sum.
+    Under the terms of the provisional agreement, venezuela
+would supply up to 160,000 barrels a day to the plant through a
+new company which would be jointly owned by the pdvsa and
+champlin, a subsidiary of the union pacific corp &lt;unp>.
+    The deal would also allow pdvsa a joint share in champlin's
+refinery and distribution network.
+    The purhcase is one of a series of overseas joint ventures
+by which venezuela has managed to assure markets for some
+400,000 barrels of its approximately 1.5 mln bpd exports.
+    Hernandez grisanti told reporters after the cabinet meeting
+that pdvsa will pay 93 mln dlrs for its half ownership in the
+champlin refinery - 33 mln dlrs in cash and 60 mln dlrs crude
+oil and products.
+    Through the deal, he said, venezuela will be assured the
+sale of at least 140,000 bpd of crude and products.
+    Hernandez said pdsva has entered similar joint ventures
+with veba oel of west germany, nynas petroelum in sweden, and
+citgo in the united states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8820" NEWID="3907">
+<DATE>11-MAR-1987 15:31:16.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0443&#31;reute
+r f BC-AMOSKEAG-&lt;AMOS>-PROPO   03-11 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOSKEAG &lt;AMOS> PROPOSES CLASS B SHARES</TITLE>
+<DATELINE>    BOSTON, March 11 - </DATELINE><BODY>Amoskeag Co said its board voted to seek
+shareholder approval at its April 27 annual meeting of a
+recapitalization plan calling for the distribution of one Class
+B common share for each common share now held.
+    The company said the Class B common would have 10 votes per
+share and the common one vote per share. Each common share
+would be entitled to at least the same dividend as each Class B
+share, which would not be freely transferrable for five years
+but could be converted share-for-share into common at any time.
+    Amoskeag said the proposed recapitalization would increase
+total authorized stock to 26.0 mln shares from 2.2 mln. The
+board has proposed a total of 20.0 mln authorized common shares
+and 6.0 mln authorized Class B shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8821" NEWID="3908">
+<DATE>11-MAR-1987 15:31:31.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0445&#31;reute
+r f BC-EMPIRE-OF-CAROLINA-IN   03-11 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMPIRE OF CAROLINA INC &lt;EMP> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>Shr 71 cts vs 15 cts
+    Net 4,234,000 dlrs vs 803,000 dlrs
+    Revs 15.4 mln dlrs vs 10.3 mln dlrs
+    12 mths
+    Shr 1.26 dlrs vs 67 cts
+    Net 7,299,000 dlrs vs 3,607,000 dlrs
+    Revs 52.5 mln dlrs vs 40.7 mln dlrs
+    NOTE: Empire's investment in the Deltona Corp is reported
+on the equity method beginning the fourth qtr of 1986. Amounts
+for 1985 and the first three qtrs of 1986 have been restated to
+reflect the retroactive application.
+    During 1986, the 17-1/2 pct debentures and 9-7/8 dlrs
+preferred stock were redeemed or converted resulting in
+6,028,755 common shares outstanding at December 31, 1986 as
+compared to 2,408,766 common shares outstanding at December 31,
+1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8822" NEWID="3909">
+<DATE>11-MAR-1987 15:33:44.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0450&#31;reute
+r f BC-ENSECO-INC-&lt;NCCO>-4TH   03-11 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENSECO INC &lt;NCCO> 4TH QTR LOSS</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 11 -
+    </DATELINE><BODY>Oper shr loss six cts vs profit seven cts
+    Oper net loss 481,517 vs profit 487,432
+    Revs 7,492,686 vs 5,575,043
+    Avg shrs 8.5 mln vs 7.2 mln
+    Year
+    Oper shr loss six cts vs profit 34 cts
+    Oper net loss 465,043 vs profit 2,283,811
+    Revs 29.5 mln vs 19.8 mln
+    Avg shrs 7.8 mln vs 6.7 mln
+    NOTE: Excludes extraordinary credit of four cts a share in
+fourth quarter 1986, and 15 cts in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8823" NEWID="3910">
+<DATE>11-MAR-1987 15:34:04.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0451&#31;reute
+u f BC-resending   03-11 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - REXNORD &lt;REX> TO SELL RAILWAY UNIT</TITLE>
+<DATELINE>    BROOKFIELD, WIS., March 11 - </DATELINE><BODY>Rexnord Inc said it signed a
+definitive agreement to sell its Railway Maintenance Equipment
+Co subsidiary to Oak Industries Inc. Terms were withheld.
+    Also participating in the agreement was Banner Industries
+Inc, which previously agreed to acquire Rexnord.
+    Railway Maintenance had 1986 sales of 16 mln dlrs.
+    Rexnord said the sale is part of a major program to divest
+several of its businesses representing about 200 mln dlrs in
+net assets. Still to be divested are the Process Machinery
+Division with sales of 137 mln dlrs and Mathews Conveyer Co,
+with sales of 83 mln dlrs. -- Corrects mame of purchaser
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8824" NEWID="3911">
+<DATE>11-MAR-1987 15:35:14.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0458&#31;reute
+b f BC-******dow-jones-drops   03-11 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW JONES DROPS OWENS-ILLINOIS, INCO FROM INDUSTRIAL AVERAGE, ADDS COCA-COLA, BOEING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8825" NEWID="3912">
+<DATE>11-MAR-1987 15:36:43.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0462&#31;reute
+u f BC-WALL-STREET-STOCKS/SU   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/SUPERMARKETS GENERAL &lt;SGL></TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Dart Group Corp &lt;DARTA>, which wants
+to acquire Supermarkets General Corp for 1.62 billion dlrs, is
+not likely to give up without a fight if its target seeks
+another buyer, arbitrageurs said.
+    Speculation that Dart's offer of 41.75 dlrs per share could
+be just the beginning of a bidding contest helped Supermarkets
+shares gain one to 42-1/8  on 2.3 mln shares.
+    One rumor had Federated Department Stores Inc &lt;FDS> taking
+a look at Supermarkets General. "Our policy is that we do not
+comment on any rumors or speculation of this nature," a
+Federated spokeswoman said.
+    An arbitrageur noted that Dart, controlled by chairman
+Herbert H. Haft and his son Robert, last year raised its
+initial bid for Safeway Stores by approximately 10 pct when
+Safeway resisted.
+    However, that company was later sold to a buyout group that
+topped the Hafts.
+    If history repeats itself, the Hafts could raise their bid
+to 46 dlrs if they are rebuffed by Supermarkets General, the
+arbitrageur said. But another arbitrageur said the Hafts'
+present bid seemed "quite fair." He said the offer amounts to
+10 times after-tax-cash flow which is "probably fully priced."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8826" NEWID="3913">
+<DATE>11-MAR-1987 15:36:47.33</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0463&#31;reute
+f f BC-******U.S.-EXPORTERS   03-11 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 455,000 TONNES  OF WHEAT SOLD TO CHINA FOR 1986/87 AND 1987/88
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8827" NEWID="3914">
+<DATE>11-MAR-1987 15:37:01.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0464&#31;reute
+u f BC-RUSSO-SAYS-IT-ACTED-A   03-11 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUSSO SAYS IT ACTED AS BROKER FOR SOFER</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>&lt;Russo Securities Inc> said in a
+statement it acted as a broker executing unsolicited orders for
+an individual named in a Securities and Exchange Commission
+civil suit alleging insider trading violations.
+    Russo filled orders for David Sofer, an Israeli citizen,
+who allegedly traded on inside information from Nahum
+Vaskevitch, head of Merrill Lynch and Co's &lt;MER> London mergers
+office. Vaskevitch was suspended by Merrill, which said it was
+cooperating with the probe. Russo said it "had no knowledge or
+reason to believe that any of these transactions were based on
+the improper use of inside information."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8828" NEWID="3915">
+<DATE>11-MAR-1987 15:37:16.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0466&#31;reute
+u f BC-HOME-SHOPPING   03-11 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SHOPPING &lt;HSN> FILES 400 MLN DEBT OFFERING</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Home Shopping Network Inc filed with
+the Securities and Exchange Commission for an offering of 400
+mln dlrs of convertible subordinated debentures due April 1,
+2002.
+    Proceeds from the offering will be used to build and equip
+enlarged broadcast and order processing facilities, to redeem
+some of the company's 11-3/4 pct senior notes due Oct 15, 1996
+and for general corporate purposes, the company said.
+    Drexel Burnham Lambert Inc will underwrite the sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8829" NEWID="3916">
+<DATE>11-MAR-1987 15:37:45.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0469&#31;reute
+b f BC-AMERICAN-MOTORS-&lt;AMO>   03-11 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MOTORS &lt;AMO> WEIGHS TAKEOVER PROPOSAL</TITLE>
+<DATELINE>    SOUTHFIELD, MICH., March 11 - </DATELINE><BODY>American Motors Corp said its
+directors met Wednesday to review the takeover proposal which
+the corporation received Monday from Chrysler Corp &lt;C>.
+    AMC said its board has retained independent investment and
+legal advisers and expects to meet periodically over the next
+several weeks on the proposal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8830" NEWID="3917">
+<DATE>11-MAR-1987 15:38:08.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0472&#31;reute
+s f BC-BANGOR-HYDRO-ELECTRIC   03-11 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGOR HYDRO-ELECTRIC CO &lt;BANG> SETS DIVIDEND</TITLE>
+<DATELINE>    BANGOR, Maine, March 11 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts
+    Pay April 20
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8831" NEWID="3918">
+<DATE>11-MAR-1987 15:41:29.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0476&#31;reute
+r f BC-KANSAS-CITY-SOUTHERN   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY SOUTHERN &lt;KSU> MERGER RESPONSE</TITLE>
+<DATELINE>    KANSAS CITY, MO., March 11 - </DATELINE><BODY>Kansas City Southern
+Industries Inc said an attempt by Santa Fe Southern Pacific Co
+&lt;SFX> to reopen the proposed merger of the Atchison, Topeka and
+Santa Fe Railway Co and the Southern Pacific Transportation Co
+offers "nothing truly new."
+    In a letter to shippers, Kansas City Chairman Landon
+Rowland stated "This proposed merger is plainly
+anti-competitive, as found by the ICC and urged by the
+Department of Justice. Nothing has changed."
+    Landon said Kansas City Southern is continuing its efforts
+to acquire the transportation operation of Santa Fe Railway.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8832" NEWID="3919">
+<DATE>11-MAR-1987 15:44:13.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0485&#31;reute
+r f BC-ROSE'S-STORES-INC-&lt;RS   03-11 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSE'S STORES INC &lt;RSTO> REPORTS HIGHER SALES</TITLE>
+<DATELINE>    HENDERSON, N.C., March 11 - </DATELINE><BODY>Rose's Stores Inc reported
+February sales of 92.7 mln dlrs, an increase of 18.1 mln dlrs,
+or 24.2 pct from sales of 74.6 mln dlrs in the comparable
+period the year prior.
+    The company said identical stores sales increased 15 pct
+for the month of February.
+    Rose's operates 224 discount stores as of February 1987
+compared to 208 stores a year ago in 13 southeastern states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8833" NEWID="3920">
+<DATE>11-MAR-1987 15:44:49.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0487&#31;reute
+r f BC-DELAURENTIIS   03-11 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COKE AFFILIATE TO SELL DELAURENTIIS &lt;DEG> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>De Laurentiis Entertainment Group
+Inc said Embassy Communications, a Californai general
+partnership affiliated with Coca-Cola Co &lt;KO>, plans to sell
+its 10.1 pct stake in the company.
+    In a filing with the Securities and Exchange Commission for
+a secondary offering, De Laurentiis said Embassy will offer its
+entire stake in the company of 964,936 shares of common stock
+in the public sale.
+    De Laurentiis said it has 9.6 mln shares outstanding.
+    PaineWebber Inc will underwrite the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8834" NEWID="3921">
+<DATE>11-MAR-1987 15:44:55.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0488&#31;reute
+r f BC-ROBERT-HALMI-INC-&lt;RHI   03-11 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROBERT HALMI INC &lt;RHI> OBTAINS REVOLVING CREDIT</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Robert Halmi Inc said it obtained a
+five mln dlr line of revolving credit from Wells Fargo Bank
+available through February 29, 1988.
+    Halmi said the funds will be used for the development and
+production of television programming and for regular company
+business.
+    Halmi said it reported earnings of 2,800,000 dlrs in fiscal
+year 1986 ended May, 1986, on sales of 17.2 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8835" NEWID="3922">
+<DATE>11-MAR-1987 15:46:04.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0492&#31;reute
+d f BC-HERLEY-MICROWAVE-&lt;HRL   03-11 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERLEY MICROWAVE &lt;HRLY> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    LANCASTER, Pa., March 11 -
+    </DATELINE><BODY>Shr nine cts vs 17 cts
+    Net 275,000 vs 490,000
+    Rev 2.4 mln vs four mln
+    Six months
+    Shr 29 cts vs 31 cts
+    Net 885,000 vs 884,000
+    Rev 6.1 mln vs 7.1 mln
+    NOTE: Company's full name is Herley Microwave Systems Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8836" NEWID="3923">
+<DATE>11-MAR-1987 15:48:15.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0501&#31;reute
+r f BC-ROCKWELL-INTERNATIONA   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKWELL INTERNATIONAL &lt;ROK> SELLS 10-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Rockwell International Corp is raising
+200 mln dlrs through an offering of notes due 1997 yielding
+7.682 pct, said lead underwriter Daiwa Securities America Inc.
+    An officer on Daiwa's corporate syndicate desk said he
+believed this was Rockwell's first debt offering since 1984,
+when the company tapped the Euromarkets.
+    Daiwa, the U.S. unit of Daiwa Securities Co Ltd of Japan,
+has become the first foreign bookrunner in the U.S. corporate
+debt market this year. The firm is sustaining a trend that
+first emerged in early 1986, investment bankers said.
+    Daiwa headed a syndicate that won the Rockwell notes in
+competitive bidding. Rockwell has a net interest charge of
+7.722 pct for the issue, the Daiwa officer said.
+    The Japanese firm bid the notes at 98.473 and set a coupon
+of 7-1/2 pct and reoffering price of 98.75 to yield 46 basis
+points more than comparable Treasury securities.
+    Underwriters away from the syndicate said they believed the
+46 basis point spread over Treasuries was aggressive. They said
+a premium of 50 basis points or more would have been more
+appropriate. "It looks like Daiwa submitted a kamikaze bid just
+to get the business," said one competitor.
+    However, the Daiwa officer defended his firm's pricing of
+the deal.
+    "Because Rockwell has not floated debt since 1984, the
+company's note issue is a museum piece," he said.
+    The officer said he believed the Rockwell paper would sell
+quickly, mostly because the company is well known and has not
+tapped the debt market in three years.
+    "Investors are hungry for high-grade debt issued by
+household names," agreed one corporate bond trader.
+    Non-callable for seven years, the issue is rated Aa-2 by
+Moody's and AA by Standard and Poor's.
+    Daiwa became the second foreign firm to manage an offering
+in the domestic debt market in September 1986 when it won in
+competitive bidding 125 mln dlrs of 10-year first mortgage
+bonds of General Telephone Co of California, a unit of GTE Corp
+&lt;GTE>.
+    It followed the lead of UBS Securities Inc, the U.S. unit
+of Union Bank of Switzerland. UBS won its first deal in June
+1986 when it bid for, and won, 100 mln dlrs of Allied-Signal
+Inc &lt;ALD> debentures due 2016.
+    UBS brought two negotiated deals to the marketplace after
+that.
+    UBS led in late June an offering of 100 mln dlrs of
+five-year notes issued by Transamerica Financial Corp, a
+subsidiary of Transamerica Corp &lt;TA>. That following September
+UBS priced as sole underwriter 100 mln dlrs of Borg-Warner Corp
+&lt;BOR> notes due 1991.
+    In early December Nomura Securities International Inc
+became the third, and so far last, foreign securities firm to
+manage a U.S. offering. The U.S. unit of Nomura Securities Co
+Ltd of Japan, acting as sole underwriter, won in competitive
+bidding 250 mln dlrs of extendible notes of General Electric
+Credit Corp, a subsidiary of General Electric Co &lt;GE>.
+    The Rockwell deal is Daiwa's second as lead underwriter.
+    Last December, Daiwa and Nomura were named primary dealers
+by the Federal Reserve, along with L.F. Rothschild, Unterberg,
+Towbin Inc and Security Pacific National Bank.
+    UBS, Nikko Securities Co International Inc and Yamaichi
+International (America) Inc have also applied to the Fed for
+primary dealership status.
+    Primary dealers are considered an elite group of firms
+because they are approved to purchase U.S. Treasury securities
+directly from the Fed's agent, the Federal Reserve Bank of New
+York, investment bankers explained.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8837" NEWID="3924">
+<DATE>11-MAR-1987 15:48:32.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0503&#31;reute
+u f BC-CHANGES-SET-IN-DOW-JO   03-11 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHANGES SET IN DOW JONES INDUSTRIAL AVERAGE</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>The Wall Street Journal said the
+stocks of Owens-Illinois Inc &lt;OI> and Inco Ltd &lt;N> will be
+dropped as components of the 30 stock Dow Jones Industrial
+aveage, effective with the start of trading on the New York
+Stock Exchange tomorrow.
+    They will be replaced with Coca-Cola Co &lt;KO> and Boeing Co
+&lt;BA>.
+    The paper, which is published by Dow Jones and Co Inc &lt;DJ>,
+said the change in components will require revision of the
+divisors used to calculate the industrial average and the
+related 65 stock composite index to maintain the statistical
+continuity of the indices. The new divisors will be published
+in tommorw's editon, it added.
+    It explained that Owens-Illinois, which has been one of the
+Dow 30 since 1959, is the object of a leveraged buyout. The
+tender offer is set to expire March 16.
+    The Journal said Inco is being dropped to substitute a
+stock that will make the index more representative of the
+market. Previously named International Nickel Co, Inco is one
+of the original components of the index established in 1928.
+    While the Owens-Illinois deletion was forced, the Inco
+substitution is being made solely to improve the market-sector
+weighting of the index, not because of any change in the
+company, the paper stated. Such substitutions are made from
+time to time, most recently with the addition of McDonald's
+Corp &lt;MCD> in October 1985, to reflect long-run changes in the
+economy and the market, it added.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8838" NEWID="3925">
+<DATE>11-MAR-1987 15:48:55.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0505&#31;reute
+d f BC-PANHANDLE-EASTERN-(PE   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANHANDLE &lt;PEL> TRIMS TAKE-OR-PAY EXPOSURE</TITLE>
+<DATELINE>    HOUSTON, March 11 - </DATELINE><BODY>Panhandle Eastern Corp said it had made
+steady progress in reducing its natural gas take-or-pay
+exposure from 4.9 billion dlrs to 1.7 billion dlrs worth of
+potential claims.
+    Panhandle Eastern chairman R.L. O'Shields said settlement
+payments of 247 mln dlrs plus releases and waivers of gas
+purchase obligations since 1982 had reduced the company's
+take-or-pay exposure.
+    "While substantial, we believe the unresolved take-or-pay
+exposure will remain manageable," he said in a letter to
+shareholders that appeared in the company's new annual report.
+    Panhandle Eastern also said it had budgeted 78 mln dlrs for
+its 1987 capital spending program, an increase from 65 mln dlrs
+spent last year. The company said its primary focus of 1987
+spending would be to modernize and automate its pipelines for
+greater efficiency.
+    Houston-based Panhandle Eastern earned 133.5 mln in 1986 on
+revenues of 2.0 billion, compared to net income of 113.1 mln on
+sales of 2.5 billion in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8839" NEWID="3926">
+<DATE>11-MAR-1987 15:49:04.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0506&#31;reute
+r f BC-WILLIAMS-COS-&lt;WMB>-CO   03-11 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIAMS COS &lt;WMB> COMPLETES SALE OF UNIT</TITLE>
+<DATELINE>    TULSA, Okla., March 11 - </DATELINE><BODY>Williams Cos said it completed the
+sale of its Agrico Chemical Co unit to Freeport-McMoRan
+Resource Partners L.P. &lt;FRP> for an initial 250 mln dlrs cash.
+    The company said it will also receive an additional 100 to
+250 mln dlrs in five years based on the operating performance
+of the unit.
+    It said the cash proceeds will be used to lower its debt
+costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8840" NEWID="3927">
+<DATE>11-MAR-1987 15:53:30.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0521&#31;reute
+d f BC-U.S.,-JAPANESE-JOIN-T   03-11 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., JAPANESE JOIN TO BID ON KANSAI AIRPORT</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The U.S. Austin Co and Japan's
+Kawasaki Heavy Industries Inc said they have joined to compete
+for contacts for a new Japanese airport at Kansai, near Osaka.
+    Austin, a design, engineering and construction firm, said
+in a statement that it and Kawasaki would bid for support
+facility work worth 200-250 mln dlrs.
+    The Kansai project is to cost about eight billion dls.
+    U.S. officials have complained to Japan that American firms
+are being squeezed out of work on Kansai and threatened to
+restrict Japanese construction firms in the United States if
+Kansai is not opened to U.S. companies.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8841" NEWID="3928">
+<DATE>11-MAR-1987 16:00:53.07</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0530&#31;reute
+b f BC-COMMISSION-REJECTS-SU   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION REJECTS SUGAR THREATS - SOURCES</TITLE>
+<DATELINE>    BRUSSELS, March 11 - </DATELINE><BODY>The European Community Commission has
+told EC member states that it is not prepared to discuss EC
+sugar prices while sugar traders threaten to make a huge sale
+into intervention stocks to protest against its policies,
+Commission sources said.
+    "Our position is that we are not willing to discuss the
+problems of market prices at a time when traders are making
+threats," one source said.
+    The sources said the Commission's view was made clear at a
+meeting of its sugar management committee today.
+    They said French, West German and Dutch officials had
+informed the committee that traders in their countries intended
+to sell just over 850,000 tonnes of sugar into EC intervention
+stocks.
+    The Commission riposted by signalling that it would sell
+the sugar sold into intervention back onto the EC market by
+tender, a move that would push down prices.
+    The sources said French traders planned to sell 775,000
+tonnes into intervention stocks, West German traders 7,500
+tonnes and Dutch traders 2,500.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8842" NEWID="3929">
+<DATE>11-MAR-1987 16:02:22.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0536&#31;reute
+u f BC-BILL-TO-EXTEND-ETHANO   03-11 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BILL TO EXTEND ETHANOL EXEMPTION CONSIDERED</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Senate Republican leader Robert Dole
+(R-Kan.) said he and a group of Republican lawmakers are
+considering introducing legislation to extend the ethanol tax
+exemption through the year 2000.
+    Dole, addressing the National Corn Growers Association
+board, said the proposal was under consideration by a rural
+task force of Republican members of Congress and governors.
+    Gasoline containing at least 10 pct ethanol now receives a
+six cts per gallon exemption from a nine cts federal excise
+tax. The exemption is to expire at the end of 1992.
+    Ethanol is produced primarily by a few large agribusiness
+firms including Archer Daniels Midland (ADM), and A.E. Staley.
+The tax exemption has helped helped bolster ethanol production
+despite a sharp drop in the prices of competing crude oil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8843" NEWID="3930">
+<DATE>11-MAR-1987 16:04:49.46</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0542&#31;reute
+u f BC-TREASURY-BALANCES-AT   03-11 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED FELL ON MARCH 10</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve fell on March 10 to 2.842 billion dlrs from 3.073
+billion dlrs the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts fell to 9.828
+billion dlrs from 11.418 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 12.670
+billion dlrs on March 10 compared with 14.490 billion dlrs on
+March 9.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8844" NEWID="3931">
+<DATE>11-MAR-1987 16:05:20.71</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0544&#31;reute
+r f BC-SOUTH-KOREA-TO-MAINTA   03-11 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA TO MAINTAIN TRADE SURPLUS 3-5 YEARS</TITLE>
+<AUTHOR>    By Robert Trautman, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>South Korean Trade Minister Rha
+Woong Bae said his nation would maintain a trading surplus for
+three to five years as a way to cut its foreign debt.
+    He said in an interview with Reuters that after a few years
+it was likely South Korea would drop barriers to foreign goods
+and move toward a more balanced trade position.
+    He said the present trade surplus was vital if his nation
+was to reduce its 44.5 billion dlr foreign debt.
+    Rha said that 1986 was the first year South Korea had a
+trade surplus - 4.5 billion dlrs, against a 1985 deficit of 900
+mln dlrs.
+    Asked if South Korea would drop its trade barriers once its
+foreign debt was substantially reduced, he said "yes, I think
+so."
+    Rha made his remarks at the end of a two-week trade mission
+here during which a team he led agreed to buy U.S. products
+valued at 1.8 billion dlrs.
+    About 800 mln dlrs of the purchases are in goods of the
+type South Korea normally bought from Japan.
+    Rha was to leave later today for Ottawa for trade talks
+with Canadian officials and businessmen.
+    He said in the interview the U.S. purchases were to reduce
+his country's 7.1 billion dlr surplus with the United States
+and also to cut its 5.6 billion dlr shortfall with Japan.
+    Rha said it was also due to a shift in exchange rates
+between the U.S. dollar and the yen that made it cheaper to buy
+U.S. goods than Japanese goods.
+    He said South Korea heavily relied on foreign trade and he
+hoped the leaders of major trading nations could find a way to
+resolve the growing trend toward protectionist legislation.
+    Rha said "I hope the leaders can get together to find a
+solution by making some mutually satisfactory concessions."
+    But he added "the leaders seem hesitant to make concessions
+because of domestic political reasons."
+    Speaking of his own country, he said "We have made a lot of
+concessions already."
+    He cited regulations permitting foreign investment in
+industrial firms, allowing increased foreign banking activity
+and cracking down on piracy of intellectual property by
+strengthening protection of copyrights and patents.
+    Rha said South Korea had also lowered many of its tariffs.
+    Asked if South Korea would retaliate against U.S. goods if
+Congress closed U.S. markets to its products, he said "at this
+moment, we have no thought of retaliation."
+    South Korea is a major exporter to the United States of
+textiles and apparel and electronic goods, such as television
+sets, video cassette records and personal computers.
+    Its puchases from the United States include electronic
+testing equipment and grains and cotton.
+    The trade mission's purchases here included three Boeing
+passenger planes for 400 mln dlrs, four McDonnell Douglas
+planes for 300 mln dlrs; and machinery worth 725 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8845" NEWID="3932">
+<DATE>11-MAR-1987 16:06:16.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0547&#31;reute
+r f BC-S/P-MAY-DOWNGRADE-CLA   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY DOWNGRADE CLARK EQUIPMENT &lt;CKL></TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Standard and Poor's said it may lower
+its BBB-minus rating of Clark Equipment Co's 108 mln dlrs of
+long-term debt because of weak industry fundamentals and the
+company's plan to repurchase 70 mln dlrs worth of common stock.
+    Despite a dramatic rationalization of its fork-lift truck,
+axle and transmission, and construction equipment operations,
+continuing intense competitive pressures are limiting Clark's
+growth and profit potential, S and P said.
+    The company may be forced to increase debt to achieve its
+strategic acquisition goals, the rating agency added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8846" NEWID="3933">
+<DATE>11-MAR-1987 16:06:25.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0548&#31;reute
+r f BC-CALMAT   03-11 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG FIRM UPS CALMAT &lt;CZM> STAKE TO 9.8 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Industrial Equity (Pacific) Ltd, a
+Hong Kong investment firm, said it raised its stake in Calmat
+Co to 1,480,830 shares, or 9.8 pct of the total outstanding
+common stock, from 1,217,230 shares, or 8.0 pct.
+    In a filing with the Securities and Exchange Commission,
+Industrial Equity, which is principally owned by Brierley
+Investments Ltd, a publicly held New Zealand firm, said it
+bought 263,600 Calmat common shares between Feb 17 and March 9
+for 13.1 mln dlrs.
+    It has said it bought the stock for investment purposes,
+but may raise its stake to 15 pct.
+                    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8847" NEWID="3934">
+<DATE>11-MAR-1987 16:07:09.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0549&#31;reute
+r f BC-PARALAX-VIDEO-&lt;VIDO>   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARALAX VIDEO &lt;VIDO> TO BUY AMERICAN VIDEO</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Paralax Video Enterprises Inc said it
+signed a definitive agreement to buy &lt;American Video Group Inc>
+for stock.
+    According to the merger proposal, American Video
+shareholders will receive about 287,700 restricted Paralax
+shares, and warrants to buy another 318,600 restricted shares
+at six dlrs a share. The warrants run for three years.
+    In addition, it said holders of American Video convertible
+debentures agreed to exchange their holdings for about 380,000
+dlrs worth of Paralax stock.
+    American Video operates stores in U.S. military bases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8848" NEWID="3935">
+<DATE>11-MAR-1987 16:07:54.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0550&#31;reute
+u f BC-IBM-&lt;IBM>-FORMS-TELEC   03-11 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> FORMS TELECOMMUNICATIONS GROUP</TITLE>
+<DATELINE>    ARMONK, N.Y., March 11 - </DATELINE><BODY>International Business Machines
+Corp said it formed a new business group to sell and support
+telecommunications products.
+    Called the Telecommunications Marketing and Service
+organization, IBM said the group combines the U.S. direct
+sales, service and support operations of its Rolm Corp unit
+with the marketing support operations of its Information
+Systems Group.
+    IBM said the new group is responsible for direct sales,
+installation and service of the Rolm product line as well as
+other IBM telecommunications products.
+    IBM acquired Rolm, a Santa Clara, Calif.-based maker of
+telephone swichboards and other telecommunications equipment,
+in 1984.
+    Analysts in the past have criticized IBM for not moving
+faster to integrate Rolm's telecommunications products with its
+computer systems.
+    But Edward E. Lucente, an IBM vice president and group
+executive of the Information Systems Group, said in a
+statement, "This is an important step toward providing a single
+IBM marketing and service organization to increase our focus on
+our customers' telecommunications products needs."
+    IBM said Jack W. Blumenstein, a Rolm vice president and
+head of its Business Communications Group, will take charge of
+the new telecommunications organization, which will operate as
+a unit within the Information Systems Group.
+    Blumenstein was named an assistant group executive of the
+Information Systems Group and he will report to Lucente, IBM
+said.
+    IBM said the new organization will oversee the technical
+and marketing support of Rolm and IBM telecommunications
+products but will not be responsible for sales and marketing of
+IBM gear.
+    IBM said Rolm will retain responsibility for the worldwide
+manufacture and development of Rolm products. Rolm will also
+continue to direct the sale of its products by Rolm
+distributors in the United States and overseas.
+    At the same time, IBM said its Communications Products
+Division will continue to direct the worldwide development and
+U.S. manufacture of IBM's non-Rolm telecommunications products.
+    Dennis D. Paboojian, Rolm's president, will continue to
+report to IBM senior vice president Allen J. Krowe, IBM said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8849" NEWID="3936">
+<DATE>11-MAR-1987 16:08:40.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0552&#31;reute
+d f BC-DETROIT-EDISON-&lt;DTE>   03-11 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DETROIT EDISON &lt;DTE> HALF COMPLETES POWER TEST</TITLE>
+<DATELINE>    DETROIT, March 11 - </DATELINE><BODY>Detroit Edison Co said it has nearly
+completed the 50 pct power level testing of its Fermi 2 nuclear
+power plant near Monroe, Mich.
+    The company said it is preparing to ask the Nuclear
+Regulatory Commission for the go-ahead to enter the next series
+of tests at up to the 75 pct power level.
+    Detroit Edison also said because of a decision to modify
+Fermi's reheating apparatus, the company has set back the
+schedule for the plant's commercial operation run to early June
+from May One.
+    Detroit Edison said with interest and other charges running
+about 1.0 mln dlrs a day, the delay caused by reheater
+modifications will add approximately 30 mln dlrs to the plant's
+cost, raising the estimated total cost to 4.26 billion dlrs
+from 4.23 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8850" NEWID="3937">
+<DATE>11-MAR-1987 16:09:57.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0555&#31;reute
+r f BC-LAMSON/SESSIONS-&lt;LMS>   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAMSON/SESSIONS &lt;LMS>DROPS RAIL PARTS OPERATIONS</TITLE>
+<DATELINE>    CLEVELAND, March 11 - </DATELINE><BODY>Lamson and Sessions Co said it has
+decided to discontinue operations of Youngstown Steel Door, a
+maker of components and equipment for railroad freight cars.
+    The company said the unit is to be sold sometime this year,
+so was included as discontinued operations in its 1986 results
+announced earlier today.
+    The company reported a loss from continuing operations of
+2.5 mln dlrs for the year, against a 1985 profit of 1.2 mln
+dlrs. For discontinued operations, it reported a loss of 9.5
+mln dlrs compared to a year earlier loss of 922,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8851" NEWID="3938">
+<DATE>11-MAR-1987 16:13:30.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0562&#31;reute
+r f BC-U.S.-AGENCIES-DISAGRE   03-11 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AGENCIES DISAGREE OVER IRAN COMPUTER SALES</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Two U.S. government agencies are in
+dispute over a proposal for U.S. firms to sell computers to
+Iran, officials said.
+    The Commerce Department said it intends to approve export
+licenses for two firms to sell computers and related equipment
+to the Islamic Republic of Iran News Agency and the Iran Power
+Generation Transmission, spokesman B. Jay Cooper said.
+    The export companies were not identified, but the sales
+included computers made by Digital Equipment Co &lt;DEC> of
+Maynard, Mass.
+    High-technology exports must be approved by the departments
+of Commerce, Defense and State.
+    The Pentagon will appeal Commerce's approval of the sales
+because the technology could be turned against U.S. national
+security, Commander Bob Prucha, a Pentagon spokesman, said.
+    The Pentagon will ask the National Security Council in the
+White House to prohibit the sales.
+    Cooper said the State Department did not object to the
+sales, but Secretary of State George Shultz indicated he may
+weigh in against the deal.
+    Under questioning by Rep. Jack Kemp (R-NY) at a hearing,
+Shultz said he was unaware that the Commerce Department was
+preparing to grant export licenses for the sale of computers.
+    "I'm not in favor of sales to Iran" of advanced U.S.
+technology, Shultz said.
+    The Commerce Department has argued that excessive
+restrictions hurt U.S. companies that compete with foreign
+exporters.
+    Cooper said the technology in the Iranian sales was
+available elsewhere and that foreign companies would get the
+Iran business if the U.S. export licenses were not approved.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8852" NEWID="3939">
+<DATE>11-MAR-1987 16:14:31.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0566&#31;reute
+h f BC-ROCHESTER-TELEPHONE-&lt;   03-11 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCHESTER TELEPHONE &lt;RTC> TO BUY CANTON PHONE</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 11 - </DATELINE><BODY>Rochester Telephone Corp said
+it agreed to buy &lt;Canton Telephone Co> for undisclosed terms.
+    Canton serves customers in northeastern Penn. In 1986, it
+had operating revenues of about 1.3 mln dlrs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8853" NEWID="3940">
+<DATE>11-MAR-1987 16:15:00.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0568&#31;reute
+u f AM-ecuador-tremor 1stld  03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR MINISTER RAISES QUESTIONS ABOUT DEBT</TITLE>
+<DATELINE>    Quito, march 11 - </DATELINE><BODY>ecuador is considering measures for
+dealing with its foreign debt following the earthquake that
+killed 300 people, left 4,000 homeless and cost the country
+close to a billion dollars, information minister marco lara
+told reuters.
+    "the government's position ... is to honour the (debt)
+commitments, but without sacrificing the country, because first
+we have to survive and later we can comply," lara said.
+    He said the nation would later announce plans to deal with
+the country's 8.16-billion-dlr foreign debt.
+    The government has estimated the economic cost of the
+earthquake last thursday night at nearly one billion dlrs,
+including oil revenues lost because an oil pipeline was
+damaged.
+     The president of the ecuadorean Red Cross, hugo merino,
+told reuters the official toll of 300 dead and 4,000 missing
+could rise as rescue workers inspect stricken sites from
+helicopters and wade through mud to reach victims in the four
+northeastern provinces hardest hit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8854" NEWID="3941">
+<DATE>11-MAR-1987 16:15:42.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0572&#31;reute
+u f BC-INTERNATIONAL-LEASE   03-11 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L LEASE &lt;ILFC> FILES 500 MLN DLRS OFFERING</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>International Lease Finance Corp
+filed with the Securities and Exchange Commission for a shelf
+offering of up to 500 mln dlrs of debt securities in addition
+to 15.75 mln dlrs of debt securities already registered with
+the SEC but unsold.
+    Proceeds will be used for general corporate purposes,
+including the acquisition of aircraft, the company said.
+    It said underwriters may include Merrill Lynch, Pierce,
+Fenner and Smith Inc, Salomon Brothers Inc, Dean Witter
+Reynolds Inc or Shearson Lehman Brothers Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8855" NEWID="3942">
+<DATE>11-MAR-1987 16:15:54.60</DATE>
+<TOPICS><D>lumber</D><D>plywood</D></TOPICS>
+<PLACES><D>usa</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0573&#31;reute
+d f BC-OREGON-LUMBER-COMPANY   03-11 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OREGON LUMBER COMPANY TO SELL WOOD TO IRAQ</TITLE>
+<DATELINE>     PORTLAND, Oregon, March 11 - </DATELINE><BODY>A Portland-based wood
+products company has signed a 13 mln dlr contract with the
+Iraqi government to supply finished softwood lumber to Iraq,
+Edward Niedermeyer, president of Niedermeyer-Martin Co said
+yesterday.
+    Niedermeyer told the House Foreign Affairs sub-committee on
+International Economic Policy and Trade in Washington that the
+sales agreement contains an option that could make lumber
+exported worth more than 20 mln dlrs.
+    The delivery of about 8.0 mln dlrs worth of plywood, in
+addition to lumber, hinges on whether the U.S. Department of
+Agriculture will interpret plywood as an agricultural commodity
+under the credit guarantee program, he said.
+    Niedermeyer said the government export credit guarantee
+program (GSM-102) administered by the USDA was the key to
+opening the Iraqi market which up to now had been captured by
+Scandinavian lumber producers.
+    "This is the first time we have been able to sell wood
+products in Iraq, he said. Without the USDA program it would
+not have been possible. We hope this will lead to a long term
+export market for U.S. lumber products."
+    He said the contract calls for supplying 21 mln board feet
+to 30 mln board feet of softwood lumber for housing,
+construction and furniture manufacturing. He estimated the
+profit potential for his company on the sale at five to six
+pct.
+    Niedermeyer spent two weeks in Baghdad negotiating the sale
+late last month and early March. He is a member of the United
+States-Iraq Business Forum, a non-profit group designed to
+promote commerce with Iraq.
+    The forum members include Westinghouse and General
+Electric, but Niedermeyer's company is the only wood products
+firm on the membership roster.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8856" NEWID="3943">
+<DATE>11-MAR-1987 16:16:09.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0574&#31;reute
+r f BC-PROPOSED-OFFERINGS   03-11 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    On-Line Software International Inc &lt;OSII> - Offering of 30
+mln dlrs of convertible subordinated debentures due March 15,
+2002 through Drexel Burnham Lambert Inc and Donaldson, Lufkin
+and Jenrette Securities Corp.
+    Covenant Corp - Initial public offering of two mln shares
+of common stock, including 1,543,916 being sold by current
+holders, at an estimated 11.00 to 12.50 dlrs each through First
+Boston Corp.
+    Marine Midland Banks Inc &lt;MM> - Offering of 125 mln dlrs of
+subordinated capital notes due March 1, 1997 through
+underwriters led by First Boston Corp.
+    Pentair Inc &lt;PNTA> - Offering of two mln shares cumulative
+convertible preferred stock, series 1987, through Kidder,
+Peabody and Co Inc and Piper, Jaffray and Hopwood Inc.
+    SunGard Data Systems Inc &lt;SNDT> - Offering of 1.2 mln
+shares of common stock through Alex. Brown and Sons Inc and
+L.F. Rothschild, Unterberg, Towbin Inc.
+    Weyerhaeuser Co &lt;WY> - Shelf offering of up to 250 mln dlrs
+of debt securities in addition to another 100 mln dlrs of debt
+securities already registered with the SEC but unsold.
+    Xicor Inc &lt;XICO> - Offering of 1.8 mln shares of common
+stock through Montgomery Securities and Smith Barney, Harris
+Upham and Co Inc.
+    LyphoMed Inc &lt;LMED> - Offering of 70 mln dlrs of
+convertible subordinated debentures due March 15, 2012 through
+Alex. Brown and Sons Inc and Montgomery Securities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8857" NEWID="3944">
+<DATE>11-MAR-1987 16:17:11.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0580&#31;reute
+s f BC-WALLACE-COMPUTER-SERV   03-11 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALLACE COMPUTER SERVICES INC &lt;WCS> DIVIDEND</TITLE>
+<DATELINE>    HILLSIDE, ILL., March 11 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts previously
+    Pay June 19
+    Record June One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8858" NEWID="3945">
+<DATE>11-MAR-1987 16:19:24.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0588&#31;reute
+d f BC-&lt;canadian-utilities-l   03-11 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CANADIAN UTILITIES LTD> TO REDEEM PREFERRED SERIES</TITLE>
+<DATELINE>    EDMONTON, ALBERTA, March 10 - </DATELINE><BODY>Canadian Utilities Ltd said
+it will redeem all its 14.5 pct cumulative redeemable second
+preferred shares series G on May 1, 1987.
+    Redemption price is 26 dlrs per share, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8859" NEWID="3946">
+<DATE>11-MAR-1987 16:22:16.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0594&#31;reute
+r f BC-IROQUOIS-BRANDS-LTD-&lt;   03-11 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IROQUOIS BRANDS LTD &lt;IBL> 4TH QTR LOSS</TITLE>
+<DATELINE>    GREENWICH, CONN., March 11 -
+    </DATELINE><BODY>Oper shr loss 97 cts vs loss 73 cts
+    Oper net loss 883,000 vs loss 659,000
+    Revs 19.4 mln vs 16.7 mln
+    12 mths
+    Oper shr loss 2.37 dlrs vs loss 1.97 dlrs
+    Oper net loss 2,228,000 vs loss 2,145,000
+    Revs 72.4 mln vs 63.8 mln
+    NOTE: Excludes gain 3.41 dlrs a share versus gain 41 cts in
+the quarter, and gain 5.68 dlrs a share versus gain 1.99 dlrs
+in the year from discontinued and disposed operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8860" NEWID="3947">
+<DATE>11-MAR-1987 16:22:42.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0595&#31;reute
+r f BC-GIANT-FOOD-&lt;GFS-A>-RE   03-11 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GIANT FOOD &lt;GFS A> RECORDS 10.4 PCT SALES HIKE</TITLE>
+<DATELINE>    WASHINGTON, D.C., March 11 - </DATELINE><BODY>Giant Food Inc reported sales
+on a 52-week basis ended last month increased 10.4 pct to  2.48
+billion dlrs, compared to 2.25 billion dlrs for the prior
+52-week period.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8861" NEWID="3948">
+<DATE>11-MAR-1987 16:22:55.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0596&#31;reute
+r f BC-PENOBSCOT   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALABAMA INVESTOR UPS PENOBSCOT SHOE &lt;PSO> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Donaldson Bramham Lee, an investor
+from Birmingham, Alabama, said he raised his stake in Penobscot
+Shoe Co to 40,500 shares, or 6.6 pct of the total outstanding
+common stock, from 33,500 shares, or 5.5 pct.
+    In a filing with the Securities and Exchange Commission,
+Lee said he bought 7,000 Penobscot common shares between Feb 12
+and March 2 at prices ranging from 13.75 to 16.25 dlrs a share.
+    Lee has said he bought the Penobscot stock for investment
+purposes only and has no plans to seek control of the company,
+although he may buy more stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8862" NEWID="3949">
+<DATE>11-MAR-1987 16:23:23.95</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0597&#31;reute
+u f BC-U.S.-CORN-DEMAND-GROW   03-11 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORN DEMAND GROWING IN JAPAN, SOUTH KOREA</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The recent purchase of 1.5 mln
+tonnes of U.S. corn by Japan and 600,000 tonnes by South Korea
+suggests that the two countries' demand for reliable supplies
+of corn is increasing, the U.S. Agriculture Department said.
+    In its World Production and Trade Report, the department
+said that view is reinforced by the expectation of a decline in
+exportable supplies of Argentine corn and uncertainty over the
+availability of South African and Chinese corn.
+    With these corn purchases, Japan is committed to buying 7.7
+mln tonnes of U.S. corn in 1986/87 (Sept-Aug), nearly 400,000
+tonnes greater than year-ago figures to date.
+    South Korea's cumulative commitments amount to 2.5 mln
+tonnes, up 1.5 mln compared to last year, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8863" NEWID="3950">
+<DATE>11-MAR-1987 16:30:02.69</DATE>
+<TOPICS><D>veg-oil</D><D>sun-oil</D><D>corn-oil</D><D>rape-oil</D></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0616&#31;reute
+u f BC-MEXICO-VEG-OIL-TAX-NO   03-11 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO VEG OIL TAX NOT AIMED AT SUNFLOWER--USDA</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The Mexican Secretariat of Commerce
+has told the U.S. that recent implementation of a 10 pct ad
+valorem tariff for fixed vegetable oils, fluid or solid, crude,
+refined or purified, was not targeted at sunflower oil, the
+U.S. Agriculture Department said.
+    In its World Production and Trade Report, the department
+said the increase in tariffs on this category which includes
+sunflower, corn and rapeseed oils, was a reaction to importers
+using basket categories to avoid paying tariffs on specific
+high-tariff products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8864" NEWID="3951">
+<DATE>11-MAR-1987 16:35:39.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0624&#31;reute
+d f BC-AERO-SERVICES-&lt;AEROE>   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AERO SERVICES &lt;AEROE> SEES BETTER 1987</TITLE>
+<DATELINE>    TETERBORO, N.J., March 11 - </DATELINE><BODY>Aero Services International Inc
+said it expects to achieve improvements in overall operations
+in the year ending September 30, 1987.
+    Earlier, Aero reported a 1986 year end net loss of 3.0 mln
+dlrs compared to a profit of 483,000 dlrs in 1985.
+    The company said the loss was attributable to costs
+associated with its acquisition costs and operating losses of
+nine Beckett Aviation fixed base operations purchased in August
+1985 and discontinued weather service and flight simulator
+segments.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8865" NEWID="3952">
+<DATE>11-MAR-1987 16:36:19.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0626&#31;reute
+d f BC-AERO-SERVICES-INTERNA   03-11 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AERO SERVICES INTERNATIONAL INC &lt;AEROE> YEAR</TITLE>
+<DATELINE>    TETERBORO, N.J., March 11 -
+    </DATELINE><BODY>Shr loss 63 cts vs profit 10 cts
+    Net loss 3.0 mln vs profit 483,000
+    Revs 61.9 mln vs 43.7 mln
+    NOTE:1986 net loss includes loss of 1.4 mln dlrs or 28 cts
+a share from discontinued operations. 1986 revenues include
+revenues for the last eight months of Beckett Aviation,
+acquired in September of 1985. Year ended September 30, 1986.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8866" NEWID="3953">
+<DATE>11-MAR-1987 16:42:32.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0637&#31;reute
+d f BC-franco-nevada-stock-r   03-11 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCO NEVADA SAYS STOCK RISE DUE TO DRILLING</TITLE>
+<DATELINE>     Toronto, March 10 - </DATELINE><BODY>&lt;Franco Nevada Mining Corp Ltd> said
+the gain in its stock price today is related to deep drilling
+being conducted by American Barrick Resources Corp &lt;ABXFF> at
+the Goldstrike claims in the Carlin camp in northern Nevada.
+    Franco Nevada stock is up two at seven dlrs per share on
+the Toronto Stock Exchange.
+    Franco Nevada said American Barrick announced on March nine
+that the drilling indicated a number of significant
+intersections of sulfide gold mineralization below a depth of
+about 1,000 feet.
+    One vertical drill hole intersected gold continuously from
+1,100 feet to 1,730 feet averaging 0.30 ounces per ton, the
+announcement said.
+    Extensive drilling continues at Goldstrike, the company
+said, adding that the full economic value of the property
+cannot be assessed until further results are available.
+    Franco Nevada said it has a four pct royalty plus a five
+pct net profit interest on the acreage. Those holdings are part
+of more than 3,400 acres of mineral rights held by Franco
+Nevada in the Carlin gold belt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8867" NEWID="3954">
+<DATE>11-MAR-1987 16:44:36.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0643&#31;reute
+d f BC-VISTA-RESOURCES-INC-&lt;   03-11 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VISTA RESOURCES INC &lt;VIST> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>Shr 1.36 dlrs vs one dlr
+    Net 1,010,249 vs 750,856
+    Revs 15.2 mln vs 11.9 mln
+    12 mths
+    Shr 3.24 dlrs vs 2.18 dlrs
+    Net 2,407,186 vs 1,627,250
+    Revs 57 mln vs 53.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8868" NEWID="3955">
+<DATE>11-MAR-1987 16:46:14.14</DATE>
+<TOPICS><D>coffee</D><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0649&#31;reute
+u f BC-BRAZIL-COFFEE-EXPORTS   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL COFFEE EXPORTS DISRUPTED BY STRIKE</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 11 - </DATELINE><BODY>An 11-day-old strike by
+Brazilian seamen is affecting coffee shipments and could lead
+to a short term supply squeeze abroad, exporters said.
+    They could not quantify how much coffee has been delayed
+but said at least 40 pct of coffee exports are carried by
+Brazilian ships and movement of foreign vessels has also been
+disrupted by port congestion caused by the strike.
+    A series of labor disputes and bad weather has meant
+Brazil's coffee exports have been running at an average two
+weeks behind schedule since the start of the year, one source
+added.
+    By the end of February shipments had fallen 800,000 bags
+behind registrations, leaving around 2.4 mln bags to be shipped
+during March. By March 10 only 230,000 bags had been shipped,
+the sources said.
+    Given Brazil's port loading capacity of around 100,000 bags
+a day, even if normal operations were resumed immediately and
+not interrupted by bad weather, some March registered coffee
+will inevitably be shipped during April, they added.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8869" NEWID="3956">
+<DATE>11-MAR-1987 16:47:00.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0650&#31;reute
+r f BC-AQUA-CHEM-UNIT-SET-TO   03-11 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AQUA CHEM UNIT SET TO BUILD SITE NEAR TULSA</TITLE>
+<DATELINE>    TULSA, OKLA., March 11 - </DATELINE><BODY>Cleaver Brooks, a subsidiary of
+&lt;Aqua Chem>, which is owned by the French firm Societe
+Lyonnaise DesEaux Et de L'Eclairage, said it plans to build a
+manufacturing plant near Tulsa.
+    The company said it entered into a 90-day option effective
+March 9 to purchase a 20.7 acre lot with a vacant 143,000
+square foot building located in Sapula, Okla.
+    No price was disclosed by the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8870" NEWID="3957">
+<DATE>11-MAR-1987 16:47:15.84</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0651&#31;reute
+u f BC-/ALCOA-DECLINES-SPECI   03-11 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCOA DECLINES SPECIFIC COMMENT ON OPTIONS TRADE</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Alcoa officials acknowledged the
+possibility that they may have a position in the off-exchange
+aluminum options market, but declined specific comment on trade
+speculation that the company is holding a large outstanding
+position.
+    An Alcoa (Aluminum Company of America) source involved in
+terminal trading for the company said: "We use all means
+available to manage our business, so it's a possibility we're
+trading options."
+    "We won't go into specifics about what we're doing. But
+when you're dealing in un-alloyed ingot, it's a commodity
+business where there are a lot of tools available (for hedging)
+and Alcoa is using all of those tools," said Al Posti, Alcoa's
+manager of corporate news.
+    Trade sources have said Alcoa is long call options equal to
+30,000 to 50,000 tonnes of aluminum due to mature in April and
+May. However, some New York-based aluminium traders said they
+believe the size of Alcoa's position has been exaggerated.
+    The possibility that Alcoa may be long call options is one
+factor indicating that supply tightness may worsen in the
+second quarter, traders said.
+    "If they decide to exercise their right to buy, it would
+mean really squeezing the market," one New York trader said,
+noting that aluminum stocks on the London Metal Exchange were
+90,500 tonnes at the end of last week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8871" NEWID="3958">
+<DATE>11-MAR-1987 16:47:29.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0652&#31;reute
+r f BC-BRAE-CORP-&lt;BRAE>-3RD   03-11 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAE CORP &lt;BRAE> 3RD QTR DEC 31 LOSS</TITLE>
+<DATELINE>    SAN FRANCISCO, March 11 -
+    </DATELINE><BODY>Shr loss 1.32 dlrs vs profit two cts
+    Net loss 5,666,000 vs profit 84,000
+    Revs 12.0 mln vs 21.7 mln
+    Nine mths
+    Shr loss 1.87 dlrs vs loss 71 cts
+    Net loss 8,030,000 vs loss 3,062,000
+    Revs 40.9 mln vs 53.0 mln
+    Note: includes losses from discontinued operations of
+190,000 dlrs vs loss 185,000 dlrs in 3rd qtr and 731,000 dlrs
+loss vs 815,000 dlrs loss in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8872" NEWID="3959">
+<DATE>11-MAR-1987 16:47:32.75</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0653&#31;reute
+b f BC-******MARATHON-TO-RAI   03-11 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MARATHON TO RAISE CRUDE PRICES 50 CTS/BBL TOMORROW WTI  TO 17.50 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8873" NEWID="3960">
+<DATE>11-MAR-1987 16:48:11.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0656&#31;reute
+r f BC-GENERAL-ELECTRIC-&lt;GE>   03-11 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC &lt;GE> TO SELL DATEL UNIT</TITLE>
+<DATELINE>    SOMERVILLE, N.J., March 11 - </DATELINE><BODY>General Electric Co's GE
+Semiconductor Business said it agreed to sell its Datel unit to
+a group led by the unit's president, Nicolas Tagaris.
+    Terms were not disclosed.
+    Tagaris founded the company, which produces precision data
+acquisition, conversion and control components and subsystems,
+in 1970. He sold it to GE in 1979.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8874" NEWID="3961">
+<DATE>11-MAR-1987 16:49:33.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0660&#31;reute
+r f BC-TRICO-&lt;TRO>-SETS-DATE   03-11 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRICO &lt;TRO> SETS DATE FOR ACQUISITION VOTE</TITLE>
+<DATELINE>    GARDENA, Calif., March 11 - </DATELINE><BODY>Trico Industries Inc said it
+set March 31 as the date for a special shareholders meeting for
+a vote on the proposed acquisition of the company by Paccar Inc
+&lt;PCAR>.
+    In January the two companies announced an agreement
+covering a proposed acquisition by Paccar of Trico's
+approximately 8.2 mln shares outstanding for eight dlrs per
+share in cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8875" NEWID="3962">
+<DATE>11-MAR-1987 16:50:48.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0662&#31;reute
+u f BC-CANADA-TRANSFER-PAYME   03-11 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA TRANSFER PAYMENTS TO PROVINCES UP FIVE PCT</TITLE>
+<DATELINE>    OTTAWA, March 11 - </DATELINE><BODY>The federal government's transfer
+payments to seven provinces will rise by five pct over the next
+two years, the finance department announced.
+    The payments, used by poorer provinces to fund various
+public services, will rise to 5.6 billion dlrs next year from
+5.3 billion dlrs in the fiscal year ending March 31, 1987. In
+fiscal 1989 payments will rise to 5.9 billion dlrs.
+    Payments are being made to Newfoundland, Prince Edward
+Island, Nova Scotia, New Brunswick, Quebec, Manitoba and
+Saskatchewan.
+    The department also said another 270 mln dlrs owed to
+Ottawa by the four Atlantic provinces, Quebec and Saskatchewan
+will be forgiven. The debt arose from overpayments in previous
+years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8876" NEWID="3963">
+<DATE>11-MAR-1987 16:55:56.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0673&#31;reute
+r f BC-NELSON-HOLDINGS-UNIT   03-11 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NELSON HOLDINGS UNIT IN FILM PACT</TITLE>
+<DATELINE>    LOS ANGELES, March 11 - </DATELINE><BODY>&lt;Nelson Holdings International
+Ltd's> Nelson Entertainment Inc unit said it has entered an
+agreement to co-finance ten motion pictures with Hemdale
+Releasing Corp.
+    Under the pact Nelson will have domestic home video rights
+and Hemdale will be responsible for distribution in all other
+media.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8877" NEWID="3964">
+<DATE>11-MAR-1987 16:58:45.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0677&#31;reute
+f f BC-******HUGHES-TOOL-SHA   03-11 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HUGHES TOOL SHAREHOLDERS APPROVE MERGER WITH BAKER INTERNATIONAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8878" NEWID="3965">
+<DATE>11-MAR-1987 16:59:46.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0680&#31;reute
+u f BC-ANALYSTS-SAY-NEW-DOW   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSTS SAY NEW DOW COMPONENTS AID AVERAGE</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Wall Street market analysts said two
+changes in the components of the Dow Jones Industrial Average
+were part of a shift away from smokestack industries that have
+long dominated the 30-stock index.
+    "It strengthens the Dow," said William LeFevre, analyst at
+Advest Inc. He said Coca-Cola Co &lt;KO>, one of the two
+additions, "is a genuine consumer stock as opposed to a
+smokestack." He applauded the decision to drop Inco Ltd &lt;N>, "a
+super stock at one time that hasn't done much lately."
+    The editors of the Wall Street Journal also decided to add
+Boeing Co &lt;BA> and dropping Owens-Illinois Inc &lt;OI>.
+    Charles Jensen of MKI Securities said Inco was a "stodgy
+number." But he noted that putting two new stocks in an average
+of 30 is a relatively minor change.
+    "This will distinctly make the index more useful," said
+Frank Korth of Shearson Lehman Brothers Inc. "The movement of
+the market to the upside will be enhanced by the shift to
+Coke."
+    But he said Shearson's aerospace analyst today removed
+Boeing from the firm's recommended list, taking it from a buy
+to a hold. Korth said Boeing's business appeared to be leaning
+too heavily to the military side as opposed to commercial.
+    Prior to tomorrow's market opening the Wall Street Journal
+will publish a new divisor to be used in calculating the index.
+LeFevre said the divisor will probably go up a bit but will
+probably be lower than its current level of 0.889 later in the
+year due to forthcoming splits in components such as
+International Paper Co &lt;IP>.
+    The divisor, which is adjusted whenver stocks are split,
+dropped below one for the first time in May of last year. The
+0.889 divisor means that a change of 1/8 (12.5 cts) in the
+price of a component produces a change of about 14 cts in the
+index.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8879" NEWID="3966">
+<DATE>11-MAR-1987 17:00:17.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0682&#31;reute
+r f BC-TURNER-BROADCASTING'S   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURNER BROADCASTING'S &lt;TBS> CNN TO AIR IN CHINA</TITLE>
+<DATELINE>    ALTANTA, March 11 - </DATELINE><BODY>Turner Broadcasting System Inc's CNN
+said it reached an agreement with China Central Television to
+air its news programming in China.
+    It said China Central TV will use CNN reports during its
+daily newscasts on two channels, reaching an audience of about
+300 mln viewers.
+    The company said the agreement also gives CNN the right to
+sell advertising spots on China Central TV.
+    CNN also said it reached an agreement with Televerket Kabel
+TV of Sweden to broadcast 24-hour news on its cable TV network.
+The program will reach an initial 118,000 viewers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8880" NEWID="3967">
+<DATE>11-MAR-1987 17:00:58.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0685&#31;reute
+r f BC-THOMAS-AND-BETTS-CO-&lt;   03-11 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMAS AND BETTS CO &lt;TNB> WINS PATENT APPEAL</TITLE>
+<DATELINE>    RARITAN, N.J.,  March 11 - </DATELINE><BODY>Thomas and Betts Corp said the
+U.S. Court of Appeals for the Federal Circuit affirmed an
+earlier judgment by the U.S. District Court for the District of
+Delaware directing a unit of Litton Industries &lt;LIT> to pay it
+5,781,711 dlrs in damages for patent violations.
+    Thomas and Betts said the court upheld the May 26, 1986,
+award plus interest to be paid by Winchester Electronics, a
+division of Litton Systems Inc, which is a subsidiary of Litton
+Industries.
+    The company explained the judgment was in regard to a
+lawsuit first filed in 1978 for patent violations on the
+manufacture and sale of transition "d" subminiature IDC
+connectors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8881" NEWID="3968">
+<DATE>11-MAR-1987 17:04:34.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0693&#31;reute
+d f BC-&lt;canadian-gypsum-co-l   03-11 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CANADIAN GYPSUM CO LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 11 -
+    </DATELINE><BODY>Shr 3.13 dlrs vs 2.02 dlrs
+    Net 39.1 mln vs 26.9 mln
+    Revs 203.2 mln vs 173.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8882" NEWID="3969">
+<DATE>11-MAR-1987 17:05:44.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0697&#31;reute
+r f BC-POWER-CORP-DETAILS-PR   03-11 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POWER CORP DETAILS PREFERRED SHARE SUBSCRIPTION</TITLE>
+<DATELINE>    MONTREAL, March 11 - </DATELINE><BODY>(Power Corp of Canada) said it
+received subscriptions for 252,223 shares of its recent issue
+of participating preferred shares for total proceeds of 4.3 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8883" NEWID="3970">
+<DATE>11-MAR-1987 17:06:53.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0701&#31;reute
+r f BC-CREW-UNION-SETS-PACT   03-11 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREW UNION SETS PACT WITH PACIFIC SOUTHWEST &lt;PSG></TITLE>
+<DATELINE>    SAN DIEGO, March 11 -  </DATELINE><BODY>Pacific Southwest Airlines said it
+reached an agreement with the Southwest Crew Controllers
+Association needed to satisfy conditions of USAir Group's &lt;U>
+proposed acquisition of PSA.
+    PSA said this is the third of four unions agreement is
+needed with for USAir's acquisition to be consummated.
+    Under the agreement, PSA crew controllers received
+assurances they will be provided with labor protective
+provisions and a seniority integration process.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8884" NEWID="3971">
+<DATE>11-MAR-1987 17:06:58.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0702&#31;reute
+r f BC-SOUTHERNNET-INC-&lt;SOUT   03-11 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERNNET INC &lt;SOUT> 4TH QTR NET</TITLE>
+<DATELINE>    ATLANTA, Ga., March 11 -
+    </DATELINE><BODY>Shr 32 cts vs four cts
+    Net 3,370,000 vs 353,000
+    Revs 27.8 mln vs 20.2 mln
+    Year
+    Shr 35 cts vs 67 cts
+    Net 3,543,000 vs 3,845,000
+    Revs 103.6 mln vs 74.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8885" NEWID="3972">
+<DATE>11-MAR-1987 17:07:04.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0703&#31;reute
+r f BC-SOUTHWEST-BANCORP-&lt;SW   03-11 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST BANCORP &lt;SWB> TO EXCHANGE PREFERRED</TITLE>
+<DATELINE>    VISTA, Calif., March 11 - </DATELINE><BODY>Southwest Bancorp said it will
+commence an exchange offer for all of its 108,710 issued and
+outstanding shares of 2.50-dlr cumulative convertible preferred
+stock on March 12.
+    Southwest said it will issue 11 shares of its no par value
+common stock in exchange for each preferred share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8886" NEWID="3973">
+<DATE>11-MAR-1987 17:08:23.10</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0707&#31;reute
+r f BC-SENATOR-LUGAR-CALLS-F   03-11 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATOR LUGAR CALLS FOR CARGO PREFERENCE REPEAL</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The senior Republican on the U.S.
+Senate Agriculture Committee, Richard Lugar of Indiana, called
+for repeal of the cargo preference law that aids the American
+shipping industry but which he said hurts farmers.
+    "Cargo preference is a costly special interest operated at
+the expense of American farmers and dockworkers," Lugar said in
+signing on as a co-sponsor or cargo preference repeal
+legislation.
+    The law requires shipment of U.S. goods on American ships
+rather than foreign vessels which are less costly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8887" NEWID="3974">
+<DATE>11-MAR-1987 17:09:56.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0710&#31;reute
+r f BC-RELIANCE-ELECTRIC-UNI   03-11 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RELIANCE ELECTRIC UNIT TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Reliance Electric Co said its Reliance
+Industrial Co unit will redeem on April 10 all outstanding
+7-1/4 pct debentures due 1996 and 9-5/8 pct debentures due
+1994.
+    Reliance Industrial will buy back the 7-1/4s at 101 plus
+accrued interest and the 9-5/8s at 102.344 plus accrued
+interest.
+    Reliance Electric was a unit of Exxon Corp &lt;XON> until
+December 30, 1986, when a group of investors took the company
+private in a leveraged buyout, a Reliance spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8888" NEWID="3975">
+<DATE>11-MAR-1987 17:10:41.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0713&#31;reute
+f f BC-******S/P-DOWNGRADES   03-11 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P DOWNGRADES BAKER INTERNATIONAL CORP, UPGRADES HUGHES TOOL CO, AFFECTS 840 MLN DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8889" NEWID="3976">
+<DATE>11-MAR-1987 17:11:49.99</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0717&#31;reute
+f f BC-wkly-distillate   03-11 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EIA SAYS DISTILLATE STOCKS OFF 8.8 MLN, GASOLINE OFF 500,000, CRUDE OFF 1.2 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8890" NEWID="3977">
+<DATE>11-MAR-1987 17:11:54.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0718&#31;reute
+w f BC-SYLVAN-LEARNING-CORP   03-11 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYLVAN LEARNING CORP &lt;SLVN> NINE MONTHS DEC 31</TITLE>
+<DATELINE>    MONTGOMERY, Ala, March 11 -
+    </DATELINE><BODY>Shr loss 43 cts vs profit eight cts
+    Net loss 3.1 mln vs profit 502,896
+    Revs 5.6 mln vs 4.2 mln
+    NOTE:1986 net includes negative effect of accounting change
+of 354,650 or five cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8891" NEWID="3978">
+<DATE>11-MAR-1987 17:15:49.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0725&#31;reute
+r f BC-BUDGET   03-11 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE DEMOCRATS DRAFTING BUDGET AT SNAIL'S PACE</TITLE>
+<AUTHOR>    By Irwin Arieff, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Democrats on the House Budget
+Committee, meeting behind closed doors to draft the outlines of
+next year's federal budget, say their work is proceeding at a
+snail's pace.
+    In a series of interviews, panel members conceded that the
+budget panel's drafting sessions, which began yesterday and
+were initially expected to end late tomorrow, will now extend
+into next week.
+    "We've a long ways to go," Rep. Martin Frost (D-Tex.). told
+Reuters.
+    "We are not making the progress that we should," said Rep.
+Vic Fazio (D-Calif.).
+    Members also acknowledged that the panel's preliminary 
+goal for spending cuts and new revenues would not be enough to
+enable the government to meet the 108 billion dlr deficit
+ceiling set for the coming year by federal law.
+    Budget Commitee Chairman William Gray (D-Pa.), interviewed
+during a break in the lawmakers' secret deliberations, said the
+committee was still debating the shape of the overall budget
+and had come to no agreement on the size or precise form of the
+new revenues or spending cuts to be pursued.
+    But the lawmakers said the House Democratic leadership has
+asked the panel to come up with a package of 36 billion dlrs in
+deficit-reducing measures.
+    The package would include 18 billion dlrs in new revenues,
+nine billion dlrs in military spending cuts and nine billion
+dlrs in domestic spending reductions, they said.
+    The Democratic lawmakers said they were still trying to
+meet those goals but had made no firm decisions.
+    In particular, the legislators said they were having
+trouble coming up with the nine billion dlrs in military
+spending cuts.
+    "We're talking in the range of 15-20 billion dlrs in new
+revenues, but if we can't come up with the full amount of
+defense cuts, we would have to raise more in new revenues,"
+Fazio said.
+    The particular manner in which new revenues would be raised
+also has not been decided, the lawmakers said.
+    House Speaker Jim Wright (D-Texas) has urged passage of a
+tax on securities transactions to bring an estimated 20 billion
+dlrs in new revenues into the U.S. Treasury.
+    But the administration is totally opposed to such a tax, a
+top official told Reuters yesterday.
+    The official, who spoke on condition he not be identified,
+said the administration also opposed another suggestion by
+Wright that the administration delay next year's cut in the top
+tax rate, called for in the recent tax overhaul law.
+    The Congressional Democrats first hinted about two weeks
+ago that they would seek to reduce the deficit by about 36
+billion dlrs and put aside the question of whether the effort
+would meet the 108 billion dlr deficit target set for fiscal
+year 1988 by the new federal balanced budget law.
+    The administration has predicted that approval of 42
+billion dlrs in deficit reductions would meet the target.
+    Its budget plan, submitted in January, called for 1.024
+trillion dlrs in spending on revenues of 916 billion dlrs.
+    But the Congressional Budget Office has said the
+administration forecast was based on overly optimistic
+assumptions about the economy.
+    The nonpartisan office said the administration's budget
+plan, if adopted, would yield a deficit of 134 billion dlrs,
+missing the deficit target by 26 billion dlrs and.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8892" NEWID="3979">
+<DATE>11-MAR-1987 17:16:31.83</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>soybean</D><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0726&#31;reute
+u f BC-BIG-U.S.-CONSERVATION   03-11 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIG U.S. CONSERVATION ENROLLMENT EXPECTED</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Enrollment in the U.S. Agriculture
+Department's fourth conservation signup is expected to be
+announced tomorrow, and USDA officials said the figure may be
+higher than total enrollment for the first three signups.
+    Enrollment will be in the range of seven to 12 mln acres,
+USDA conservation specialists said. Total enrollment so far in
+the 10-year conservation program is 8.9 mln acres.
+    Producers submitted bids to enter 11 to 12 mln acres into
+the program, Milton Hertz, administrator for USDA's
+Agricultural Stabilization and Conservation Service said at a
+congressional hearing yesterday. Not all the bids will be
+accepted, Hertz said, but enrollment is expected to be high.
+    As in the first three signups, the Great Plains area is
+expected to attract the greatest enrollment.
+    "The Great Plains area will be the predominate area which
+we'll get signup in," a USDA conservation specialist said.
+    Marginal corn acreage will likely be the bulk of the
+acreage pulled from that area, he said.
+    Fringe soybean acres in the southeast and some bean acreage
+in the midwest are also expected to be taken out of production,
+but the USDA source said this would be a relatively small
+percent of the total.
+    A special two dlr bonus to corn producers who enroll part
+of their corn base acreage into the program has sparked more
+interest in this latest signup, USDA officials said.
+    Under the program, USDA pays farmers annual rents to take
+land out of production for 10 years. The average rent payment
+accepted in the first three signups was 43.50 dlrs per acre.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8893" NEWID="3980">
+<DATE>11-MAR-1987 17:19:02.74</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0737&#31;reute
+u f BC-wkly-distillate   03-11 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIA SAYS DISTILLATE, GAS STOCKS OFF IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Distillate fuel stocks held in
+primary storage fell by 8.8 mln barrels in the week ended March
+six to 119.6 mln barrels, the Energy Information Administration
+(EIA) said.
+    In its weekly petroleum status report, the Department of
+Energy agency said gasoline stocks were off 500,000 barrels in
+the week to 251.0 mln barrels and refinery crude oil stocks
+fell 1.2 mln barrels to 331.8 mln.
+    The EIA said residual fuel stocks fell 1.5 mln barrels to
+36.4 mln barrels and crude oil stocks in the Strategic
+Petroleum Reserve (SPR) rose 200,000 barrels to 516.7 mln.
+    The total of all crude, refined product and SPR stocks fell
+10.3 mln barrels to 1,564.8, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8894" NEWID="3981">
+<DATE>11-MAR-1987 17:19:46.86</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sorghum</D><D>sunseed</D><D>oilseed</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0739&#31;reute
+r f BC-HEAVY-RAINS-IN-ARGENT   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE HEAVY RAINS IN ARGENTINE GRAIN AREAS</TITLE>
+<AUTHOR>    By Manuel Villanueva, Reuters</AUTHOR>
+<DATELINE>    BUENOS AIRES, March 11 - </DATELINE><BODY>Heavy rains fell again in
+Argentina's main grain growing areas in the week to yesterday,
+trade sources said.
+    Rains fell heaviest early in the week, and in particularly
+high volume in Buenos Aires province, Cordoba, La Pampa and
+Santa Fe provinces.
+    Rainfall totalled between 20 and 290 mm in Buenos Aires,
+heaviest in western sectors of the province, 20 to 145 mm in La
+Pampa, 25 to 120 mm in Cordoba, and 10 to 75 mm in Santa Fe.
+Rainfall was lighter in other provinces.
+    Rainfall totalled from five to 50 mm in Corrientes, five to
+31 mm in San Luis, five to 30 mm in Entre Rios, three to 20 mm
+in Misiones, 11 to 17 mm in Formosa and one to eight mm in
+Chaco.
+    Growers said it was still too early to tell whether the
+rains had damaged crops, though they said maize and sunflower
+crops may have suffered.
+    Harvesting of both those crops and sorghum was paralysed by
+the bad weather. For harvesting to resume as normal, the rains
+would have to stop long enough for the soil to dry and allow
+farm machinery to operate.
+    The rains caused flooding in western and northwestern
+Buenos Aires, as more than 750 mm have fallen in some areas
+there since February 23 while the annual average is 1,200 mm.
+    Flooded areas total between 1.2 and 1.5 mln hectares,
+Buenos Aires province governor Alejandro Armendariz said after
+flying over the flooded area.
+    Agriculture Secretary Ernesto Figueras said only 500,000
+hectares of the area now flooded had been planted, and that
+200,000 to 300,000 hectares could be lost. Growers said large
+parts of the flooded areas were not planted because they are
+low-lying and flood easily.
+    Trade sources said it was certain crops were damaged by the
+heavy rains but it was too early to tell the exact extent of
+the damage. They said it was likely rain combined with high
+winds uprooted many sunflower and maize plants.
+    The sunflower harvest moved forward in the centre and south
+of Cordoba and Santa Fe and got underway in a few isolated
+areas of northern Buenos Aires. Growers have harvested between
+15 and 18 pct of total planted area, up from seven to nine pct
+a week ago.
+    Estimates of the total volume of the sunflower crop were
+revised downward in light of the bad weather.
+    Estimates for total crop ranged from 2.3 to 2.6 mln tonnes,
+down from 2.4 to 2.7 mln tonnes estimated last week and down
+34.1 to 41.5 pct from last year's record harvest of 4.1 mln
+tonnes.
+    Maize harvesting also advanced, reaching between 13 and 15
+pct of total planted area compared to seven to nine pct a week
+ago. The maize harvest is expected to total between 10 and 10.2
+mln tonnes, down from the 10 to 10.4 mln tonnes estimated a
+week ago.
+    Last year's maize harvest totalled 12.8 mln tonnes,
+according to official figures.
+    Soybean production estimates were revised downward, to 7.8
+to 8.2 mln tonnes compared to estimates of eight to 8.4 mln
+tonnes a week ago. Last year's soybean harvest totalled 7.1 mln
+tonnes, according to official figures.
+    Sorghum harvesting moved slowly forward, reaching between
+four and six pct of total planted area, compared to two to four
+pct a week ago.
+    Sorghum production estimates remained steady at 3.2 to 3.5
+mln tonnes, down 16.7 to 22 pct from the 4.1 to 4.2 mln tonnes
+produced in the last harvest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8895" NEWID="3982">
+<DATE>11-MAR-1987 17:21:50.04</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0747&#31;reute
+r f BC-PHILIPPINE-DEBT-TALKS   03-11 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE DEBT TALKS DELAYED FOR CONSULTATIONS</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Today's debt rescheduling talks
+between the Philippines government and its bank advisory
+committee were postponed until Thursday to give the banks more
+time to consider Manila's novel proposal for paying part of its
+interest bill in notes instead of cash, bankers said.
+    The committee banks met briefly earlier today and decided
+that they needed more time in particular to consider a news
+report which quoted a Reagan Administration official as urging
+that the proposal be given serious consideration.
+    "The banks felt that this was new information and that
+further consultation was called for," one banker said.    
+    In a despatch yesterday from Washington, Reuters quoted the
+official as saying Manila's plan to pay some interest with
+notes that could be converted into equity investments in the
+Philippines was fully consistent with the Reagan Administration
+strategy for handling developing country debt.
+    "The Philippine proposal is very interesting, it's quite
+unique and I don't think it's something that should be
+categorically rejected out of hand," the official said.
+    Because of the key role the U.S. plays in the debt crisis,
+foreign banks in particular wanted time to analyze the
+significance of the policymaker's comments, bankers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8896" NEWID="3983">
+<DATE>11-MAR-1987 17:21:59.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0748&#31;reute
+f f BC-******HARPER-AND-ROW   03-11 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HARPER AND ROW GETS BID FROM HARCOURT BRACE JOVANOVICH FOR 50 DLRS/SHR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8897" NEWID="3984">
+<DATE>11-MAR-1987 17:23:08.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0752&#31;reute
+u f BC-HUGHES-&lt;HT>-APPROVES   03-11 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES &lt;HT> APPROVES MERGER WITH BAKER &lt;BKO></TITLE>
+<DATELINE>    HOUSTON, March 11 - </DATELINE><BODY>An overwhelming majority of Hughes Tool
+Co shareholders approved a merger agreement with Baker
+International Corp based on revised terms that allow the
+companies additional time to sell a drilling bit business as
+required by the U.S. Justice Department.
+     Hughes chairman William Kistler said the revised terms of
+the proposed consent decree also set a 10 mln dlr cap on how
+much funding the newly combined companies will have to spend on
+the disputed drilling bit business until it is sold.
+    An earlier proposed consent decree did not establish a
+funding limit.
+    The Baker-Hughes merger, which would would create a 1.2
+billion dlr oilfield services company, almost fell through
+earlier this month when Hughes balked at terms of a proposed
+Justice Department consent decree that would have given the
+companies only three months to find a buyer for the Reed
+business.
+    Baker said today it would withdraw the one billion dlr
+lawsuit it had filed to force Hughes to follow through with the
+merger.
+    Hughes' Kistler, speaking to reporters after 85 pct of
+Hughes' shareholders approved the merger, said the revised
+terms of the agreement give the companies six months to find a
+buyer for the Reed drilling bit business. The previous
+agreement had proposed a three-month period.
+    Kistler said the the government had also indicated it would
+consider granting, if necessary, an additional three-month
+extension to complete the sale.
+    He said there were "several people looking" at the domestic
+drilling bit business.
+    The companies, Kistler said, have also decided to
+voluntarily sell a Reed plant in Singapore.
+    Kistler estimated that the merger, which should be
+completed in about two weeks, will result in annual cost
+savings of about 50 mln dlrs. He said he expects "substantial
+cutbacks" in the 20,000-member workforce at Baker-Hughes Inc,
+the name the merged company will take.
+    Kistler said the cost savings and greater efficiencies
+should put the company on a profitable course. "We think that
+in the third or fourth quarter after the merger we should see
+something close to breakeven," he said.
+    In the fourth quarter of 1986, Hughes earned 31.7 mln dlrs
+on sales of 215.7 mln dlrs.
+    Baker, in its first fiscal quarter ended December 31, lost
+34.2 mln dlrs on revenues of 297.7 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8898" NEWID="3985">
+<DATE>11-MAR-1987 17:25:25.00</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0759&#31;reute
+u f BC-USX-&lt;X>-UNIT-TO-RAISE   03-11 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> UNIT TO RAISE MOST CRUDE POSTINGS</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>USX's subsidiary, Marathon Petroleum
+Co, said it will raise its contract prices for eleven grades of
+crude oil 50 cts a barrel, effective tomorrow.
+    The increase brings Marathon's posted price for West Texas
+Intermediate and West Texas Sour grades to 17.50 dlrs a barrel.
+    The Light Louisiana grade was also raised 50 cts to 17.85
+dlrs a barrel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8899" NEWID="3986">
+<DATE>11-MAR-1987 17:27:40.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0767&#31;reute
+u f BC-S/P-DOWNGRADES-BAKER   03-11 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P DOWNGRADES BAKER &lt;BKO>, UPGRADES HUGHES &lt;HT></TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded Baker International Corp and upgraded Hughes Tool Co
+to reflect the companies' merger into Baker Hughes Inc.
+    The action affected About 840 mln dlrs of debt securities.
+    S and P said that depressed market conditions would
+continue to constrain the new company's operating earnings and
+cash flow for several years, despite dominant positions in the
+oil services industry.
+    Nonetheless, pro forma debt leverage of about 40 pct should
+decline within a year to about 35 pct because of proceeds from
+asset sales, S and P said.
+    Cut were Baker International's senior debt to A-minus from
+A and commercial paper to A-2 from A-1. The unit Baker
+International Finance NV's senior debt, guaranteed by Baker,
+was reduced to A-minus from A.
+    S and P raised Hughes Tool's senior debt to A-minus from
+B-plus, subordinated debt BBB-plus from B-minus and commercial
+paper to A-2 from C.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8900" NEWID="3987">
+<DATE>11-MAR-1987 17:28:37.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0768&#31;reute
+r f BC-INCO-&lt;N>-SEES-NO-MAJO   03-11 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INCO &lt;N> SEES NO MAJOR IMPACT FROM DOW REMOVAL</TITLE>
+<DATELINE>    TORONTO, March 11 - </DATELINE><BODY>Inco Ltd said it did not expect its
+earlier reported removal from the Dow Jones industrial index to
+make a major impact on the company's stock.
+    "We don't think that individuals or institutions buy our
+shares because we were one of the Dow Jones industrials,"
+spokesman Ken Cherney said in reply to a query.
+    Inco closed 1-3/8 lower at 19-3/8 in second most active
+trading on the Toronto Stock Exchange.
+    Cherney, asked about the stock price slide, said: "I don't
+think we can speculate. It appears to be a reaction but we have
+no control over the content of the Dow Jones."
+    The Wall Street Journal, which selects the index, said Inco
+was dropped to make the index more representative of the
+market. Inco, the non-Communist world's largest nickel
+producer, was a member of the index since 1928.
+    Cherney said Inco did not view the move as a blow to its
+prestige.
+    "I don't see any change in that area. We haven't used that
+factor (Dow membership) as part of our promotional material,"
+he said.
+    Replacing Inco and Owens-Illinois Inc &lt;OI> will be
+Coca-Cola Co &lt;KO> and Boeing Co &lt;BA>, effective tomorrow.
+    Nickel analyst Ilmar Martens at Walwyn Stodgell Cochran
+Murray Ltd said Inco's removal from the index would likely
+spark short-term selling pressure on the stock.
+    "Some investors who have Inco may suddenly say, 'Well,
+because it's not now a Dow stock, we should eliminate that
+investment,' " said Martens, although he added the move was
+unlikely to have a serious long-term impact on Inco stock.
+    Inco has struggled in recent years against sharply lower
+nickel prices. Its net earnings fell to 200,000 U.S. dlrs in
+1986 from 52.2 mln dlrs the previous year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8901" NEWID="3988">
+<DATE>11-MAR-1987 17:31:32.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0774&#31;reute
+u f BC-NATIONAIR-SETS-299-DL   03-11 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAIR SETS 299 DLR FLIGHT TO BRUSSELS</TITLE>
+<DATELINE>    MONTREAL, March 11 - </DATELINE><BODY>(Nationair) said it plans to begin
+service between Montreal's Mirabel airport and Brussels three
+times a week for an unrestricted one-way fare of 299 Canadian
+dollars.
+    The fare will rise to 379 dlrs in high season, beginning 
+June to September, and compares with a regular unrestricted
+one-way economy fare of 944 dlrs on Canada's major airlines,
+Nationair said.
+    The airlines said it sees the service as an option for
+business travellers.            
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8902" NEWID="3989">
+<DATE>11-MAR-1987 17:32:02.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0776&#31;reute
+u f BC-DOLLAR-GENERAL-CORP-&lt;   03-11 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR GENERAL CORP &lt;DOLR> 4TH QTR NET</TITLE>
+<DATELINE>    SCOTTSVILLE, March 11 -
+    </DATELINE><BODY>Shr 13 cts vs 40 cts
+    Net 2,509,000 vs 7,582,000
+    Revs 186.2 mln vs 182.1 mln
+    Year
+    Shr 23 cts vs 95 cts
+    Net 4,318,000 vs 17.8 mln
+    Revs 564.8 mln vs 584.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8903" NEWID="3990">
+<DATE>11-MAR-1987 17:34:42.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0782&#31;reute
+d f BC-&lt;BROAD>-ACQUIRES-&lt;VOG   03-11 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BROAD> ACQUIRES &lt;VOGT AND CONANT> UNIT</TITLE>
+<DATELINE>    RIVER ROUGE, Mich., March 11 - </DATELINE><BODY>Broad Corp said it acquired
+the construction activities of Vogt and Conant Co of Cleveland.
+    The combined companies, to be called Broad, Vogt and Conant
+INc, will be the largest structural steel erection company in
+the U.S. Combined sales of the two operations were more than 40
+mln dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8911" NEWID="3991">
+<DATE>11-MAR-1987 17:37:08.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0789&#31;reute
+b f BC-******HARPER-AND-ROW   03-11 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARPER &lt;HPR> GETS BID FROM HARCOURT &lt;HBJ></TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Harper and Row Publishers Inc said it
+received an acquisition offer from Harcourt Brace Jovanovich
+INc to acquire all of Harper and Row's shares at 50 dlrs a
+share in cash.
+    Harper said it will consider the proposal, including such
+possible concerns as anti-trust and other legal considerations.
+    On Monday, Harper and Row received a surprise 34 dlr-a-
+share bid from investor Theodore Cross, owner of six pct of the
+shares, for the stock he does not own.
+     Harcourt made clear in its offer that it will step aside
+if Harper's directors and shareholders reject the bid, Harper
+said.
+    Harper said the board has previously expressed a strong
+determination to remain an independent publishing enterprise.
+    Harper also said that New World Pictures, a shareholder,
+has requested a copy of Harper's shareholder list to be used in
+soliciting proxies.
+    New World has 30,800 shares of the total 4.4 mln shares.
+    Harper and Row's stock closed off 3/4 to 33-1/2 after
+rising 9-1/4 points yesterday.
+    Shareholders are due to vote April 2 on a shareholders
+rights plan designed to thwart hostile takeovers.
+    Ivan Obolensky, an analyst with the investment banking for
+of Sterling Grace and Co said Harper and Row is one of the few
+remaining independent publishers with a "back list" of authors
+stretching back 200 years.
+    He said as long as the company maintains copyrights with
+the estates of deceased authors, it controls all motion picture
+and television rights to the stories. And he said new printing
+technologies make new editions a profitable business.
+    "Harcourt Brace needs a back list of that nature and is
+willing to pay up for it," Obolensky said. But he said Harper
+and Row "has plenty of beef to warrant a 50 dlr bid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8904" NEWID="3992">
+<DATE>11-MAR-1987 17:37:26.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0791&#31;reute
+r f BC-PLAN-TO-CUT-DELAYS-AD   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLAN TO CUT DELAYS ADVANCES AT SEVEN AIRPORTS</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The Department of Transportation
+(DOT) said it would go ahead at seven airports with a
+controversial plan to reduce airline delays by enabling
+competing companies to coordinate their schedules.
+    Under the plan, the DOT will grant the airlines immunity
+from the antitrust laws so they can redistribute their flight
+times over the day and avoid the clustering of flights that
+typically occurs at the most desirable travel times.
+    Transportation Secretary Elizabeth Dole said she had
+decided to grant unconditional immunity to the carriers serving
+Atlanta's Hartsfield and Chicago's O'Hare airports.
+    At five other airports--Dallas-Fort Worth, Boston, Denver,
+Newark and Philadelphia--Dole said she would grant conditional
+immunity to enable further government study.
+    Under this part of the plan, the carriers serving these
+five airports have been asked to give DOT their summer 1987
+schedules by the end of the week.
+    The agency will then review the schedules and decide by
+Monday whether they threaten to cause delays.
+    If so, those airports would be added to the list of those
+granted wider immunity to enable scheduling talks.
+    Dole said she was confident no anticompetitive effects
+would result from the talks, which she said would be monitored
+by U.S. officials and would be open to the public.
+    Flight delays at the nation's 22 busiest airports soared in
+1986 to 367,000 from 295,000 in 1985. The government believes
+most delays are caused by weather.
+    The DOT first proposed the immunity plan in late January
+and said it might be granted for a total of 13 airports.
+    Dropped from the final plan were the Minneapolis-St. Paul,
+New York-LaGuardia, New York-J.F. Kennedy, San Francisco, St.
+Louis and Washington-Dulles airports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8905" NEWID="3993">
+<DATE>11-MAR-1987 17:39:46.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0795&#31;reute
+u f BC-FIRST-PENNSYLVANIA   03-11 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDMAN SELLS MOST 1ST PENNSYLVANIA &lt;FPA> STOCK</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Goldman, Sachs and Co told the
+Securities and Exchange Commission it sold nearly its entire
+stake in First Pennsylvania Corp of 2,450,598 shares, or 5.2
+pct of the total outstanding common stock.
+    Goldman Sachs said it has about 17,800 First Pennsylvania
+common shares remaining. On February 26, the company redeemed
+convertible debentures with common stock, which at once
+increased Goldman's stock holding and the total outstanding.
+    Goldman Sachs said it originally bought the stake as part
+of its arbitrage business. Marine Midland Banks &lt;MM> has an
+agreement in principal to acquire First Pennsylvania.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8906" NEWID="3994">
+<DATE>11-MAR-1987 17:45:26.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0808&#31;reute
+u f BC-LIONEL-CORP-&lt;LIO>-4TH   03-11 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIONEL CORP &lt;LIO> 4TH QTR JAN 31 OPER NET</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>Oper shr 1.05 dlr vs 51 cts
+    Oper net 14.1 mln vs 5,669,000
+    Revs 163.2 mln vs 133.2 mln
+    Avg shrs 13.5 mln vs 11.5 mln
+    Year
+    Oper shr 65 cts vs 26 cts
+    Oper net 8,664,000 vs 1,906,000
+    Revs 287.8 mln vs 251 mln
+    Avg shrs 13.4 mln vs 8,403,562
+    NOTE: Prior year 4th qtr and year oper net excludes 13.1
+mln dlrs and 17.4 mln dlrs, respectively, for income from
+discontinued operations.
+    Prior year 4th qtr and year oper net also excludes 19.2 mln
+dlrs and 20.3 mln dlrs, respectively, for operating loss
+carryforwards and other reogranization items.
+    Prior year 4th qtr and year ended January 25, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8907" NEWID="3995">
+<DATE>11-MAR-1987 17:46:31.78</DATE>
+<TOPICS><D>gas</D><D>fuel</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0815&#31;reute
+u f BC-RECENT-U.S.-OIL-DEMAN   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECENT U.S. OIL DEMAND UP 1.9 PCT FROM YEAR AGO</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>U.S. oil demand as measured by
+products supplied rose 1.9 pct in the four weeks ended March
+six to 16.39 mln barrels per day from 16.08 mln in the same
+period a year ago, the Energy Information Administration (EIA)
+said.
+    In its weekly petroleum status report, the Energy
+Department agency said distillate demand was down 2.2 pct in
+the period to 3.33 mln bpd from 3.40 mln a year earlier.
+    Gasoline demand averaged 6.75 mln bpd, up 3.3 pct from 6.53
+mln last year, while residual fuel demand was 1.40 mln bpd, off
+2.7 pct from 1.43 mln, the EIA said.
+    Domestic crude oil production was estimated at 8.38 mln
+bpd, down 8.5 pct from 9.15 mln a year ago, and gross daily
+crude imports (excluding those for the SPR) averaged 3.67 mln
+bpd, up 23 pct from 2.97 mln, the EIA said.
+    Refinery crude runs in the four weeks were 12.05 mln bpd,
+up 1.5 pct from 11.87 mln a year earlier, it said.
+    Year-to-date figures will not become available until March
+26 when EIA's Petroleum Supply Monthly data for January 1987
+becomes available, the agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8908" NEWID="3996">
+<DATE>11-MAR-1987 17:48:17.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0825&#31;reute
+u f BC-(MONTREAL-CITY,-DISTR   03-11 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(MONTREAL CITY, DISTRICT SAVINGS BANK) 1ST QTR</TITLE>
+<DATELINE>    MONTREAL, March 11 -
+    </DATELINE><BODY>Shr 33 cts vs 24 cts
+    Net 6.2 mln vs 4.9 mln
+    Loans not given
+    Deposits not given
+    Assets 3.8 billion vs not given
+    Note: full name Montreal City and District Savings Bank
+    Period ended January 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8909" NEWID="3997">
+<DATE>11-MAR-1987 17:49:43.16</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0826&#31;reute
+d f BC-franco-nevada-stock-r   03-11 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCO NEVADA SAYS STOCK RISE DUE TO DRILLING</TITLE>
+<DATELINE>    Toronto, March 11 - </DATELINE><BODY>Franco Nevada Mining Corp Ltd said the
+gain in its stock price today is related to deep drilling being
+conducted by American Barrick Resources Corp at the Goldstrike
+claims in the Carlin camp in northern Nevada.
+    Franco Nevada stock is up two at seven dlrs per share on
+the Toronto Stock Exchange.
+    Franco Nevada said American Barrick announced on March nine
+that the drilling indicated a number of significant
+intersections of sulfide gold mineralization below a depth of
+about 1,000 feet.
+    One vertical drill hole intersected gold continuously from
+1,100 feet to 1,730 feet averaging 0.30 ounces per short ton,
+the announcement said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8910" NEWID="3998">
+<DATE>11-MAR-1987 17:54:45.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0832&#31;reute
+u f AM-ARMS-TEST   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAYS NUCLEAR TEST BLEW DEBRIS OUTSIDE USSR</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The United States charged that a
+Soviet nuclear test last month blew radioactive debris outside
+the Soviet Union in violation of a test ban treaty.
+    The State Department, which made the charge in a statement,
+gave no details of where the debris had landed or what level of
+radioactivity had been measured. It said Moscow had been told
+of U.S. concern over the incident.
+    U.S. officials refused to give details of the fall-out, 
+saying it would reveal how the intelligence had been gathered.
+    The Soviet test took place near the Siberia, Kazakhstan
+boarder, according to Swedish monitors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8912" NEWID="3999">
+<DATE>11-MAR-1987 17:57:32.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0840&#31;reute
+r f BC-WEBB   03-11 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUSINESSMAN HAS 8.9 PCT OF DEL E. WEBB &lt;DWP.A></TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>John Cotton, an Arizona businessman,
+told the Securities and Exchange Commission he has acquired the
+equivalent of 213,500 shares of Class A common shares in Del E.
+Webb Investment Properties, or 8.9 pct of the total.
+    Cotton, president of Finalco Group Inc, a Paradise Valley,
+Ariz., data processing equipment maker, said he bought the
+stake, which includes warrants to buy 186,300 shares, for
+266,958 dlrs.
+    The warrants are exerciseable at 9.50 dlrs a share, he
+said. Cotton said it bought the stock for investment purposes
+only.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8913" NEWID="4000">
+<DATE>11-MAR-1987 18:02:50.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0847&#31;reute
+d f BC-ASTEC-INDUSTRIES-INC   03-11 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASTEC INDUSTRIES INC &lt;ASTE> 4TH QTR DEC 31</TITLE>
+<DATELINE>    CHATTANOOGA, TENN, March 11 -
+    </DATELINE><BODY>Shr loss nine cts vs profit 22 cts
+    Net loss 278,949 vs profit 346,368
+    Revs 11.9 mln vs 10.4 mln
+    Year
+    Shr profit 49 cts vs profit 49 cts
+    Net profit 1.2 mln vs profit 949,626
+    Revs 61.7 mln vs 52.7 mln
+    NOTE:1985 net includes loss of three cts or 49.1 mln dlrs
+in 4th qtr and loss of 13 cts or 258,720 dlrs in year from
+discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-004.sgm b/textClassication/reuters21578/reut2-004.sgm
new file mode 100644
index 0000000..70f27bf
--- /dev/null
+++ b/textClassication/reuters21578/reut2-004.sgm
@@ -0,0 +1,32588 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8914" NEWID="4001">
+<DATE>11-MAR-1987 18:04:17.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0849&#31;reute
+d f BC-INCO-SEES-NO-MAJOR-IM   03-11 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INCO SEES NO MAJOR IMPACT FROM DOW REMOVAL</TITLE>
+<DATELINE>    TORONTO, March 11 - </DATELINE><BODY>Inco Ltd said it did not expect its
+earlier reported removal from the Dow Jones industrial index to
+make a major impact on the company's stock.
+    "We don't think that individuals or institutions buy our
+shares because we were one of the Dow Jones industrials,"
+spokesman Ken Cherney said in reply to a query.
+    Inco closed 1-3/8 lower at 19-3/8 in second most active
+trading on the Toronto Stock Exchange.
+    The Wall Street Journal, which selects the index, said Inco
+was dropped to make the index more representative of the
+market. Inco, the non-Communist world's largest nickel
+producer, was a member of the index since 1928.
+    Replacing Inco and Owens-Illinois Inc will be Coca-Cola Co
+and Boeing Co, effective tomorrow.
+    Nickel analyst Ilmar Martens at Walwyn Stodgell Cochran
+Murray Ltd said Inco's removal from the index would likely
+spark short-term selling pressure on the stock.
+    "Some investors who have Inco may suddenly say, 'well,
+because it's not now a Dow stock, we should eliminate that
+investment,'" said Martens, although he added the move was
+unlikely to have a serious long-term impact on Inco stock.
+    Inco has struggled in recent years against sharply lower
+nickel prices. Its net earnings fell to 200,000 U.S. dlrs in
+1986 from 52.2 mln dlrs the previous year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8915" NEWID="4002">
+<DATE>11-MAR-1987 18:06:47.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0852&#31;reute
+d f BC-FORMER-EMPIRE-OF-CARO   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER EMPIRE OF CAROLINA &lt;EMP> EXEC SENTENCED</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Mason Benson, former president and
+chief operating officer of Empire of Carolina Inc, a toy maker,
+today was sentenced in Manhattan federal court to a year and
+one day in jail for his involvement in a kickback scheme.
+    Benson pleaded guilty to charges of conspiracy, tax
+evasion, filing false corporate tax returns and defrauding the
+company's shareholders. He was also fined 5,000 dlrs.
+    Benson was charged with demanding kickbacks from sales
+representatives who were asked to turn over a portion of their
+commisisons as a condition for doing business with Empire.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8916" NEWID="4003">
+<DATE>11-MAR-1987 18:09:39.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0856&#31;reute
+h f AM-AIDS   03-11 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOCTORS FIND LINK BETWEEN AIDS, SMALLPOX VIRUS</TITLE>
+<DATELINE>    BOSTON, March 11 - </DATELINE><BODY>In a discovery that could complicate the
+search for an AIDS vaccine, a team of U.S. Army doctors said
+they have uncovered a potentially-fatal interaction between the
+AIDS virus and a virus used to protect against smallpox.
+     Physicians at the Walter Reed Army Institute of Research
+said a 19-year-old man, who apparently had been exposed to the
+AIDS virus, developed a pox-like disease and died after
+receiving the smallpox vaccine. The military now tests recruits
+for AIDS before vaccinating them.
+    The findings, reported in The New England Journal of
+Medicine, are significant because scientists have begun working
+on an AIDS vaccine that relies on the smallpox vaccine.
+     "Our case report raises provocative questions concerning
+the ultimate safety of such vaccines," said the group led by
+Dr. Robert Redfield.
+     The report also throws into question the belief held by
+some scientists that the smallpox vaccine, which exposes people
+to a milder, protective form of the disease known as cowpox,
+could be further modified to protect people against a host of
+other diseases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8917" NEWID="4004">
+<DATE>11-MAR-1987 18:13:59.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0860&#31;reute
+d f AM-CANCER   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIRTH CONTROL PILLS HELP PREVENT CANCER - STUDY</TITLE>
+<DATELINE>    BOSTON, March 11 - </DATELINE><BODY>Doctors at the Centers for Disease
+Control in Atlanta said they have new evidence that birth
+control pills can help provide long-term protection from cancer
+of the ovary, even if the pills are only taken for a few
+months.
+     The study, reported in the New England Journal of
+Medicine, also found that all the various types of oral
+contraceptives on the market were equally effective in lowering
+the rate of ovarian cancer.
+     The researchers estimated that the use of birth control
+pills in this country probably prevented about 1,700 cases of
+ovarian cancer in 1982.
+    As more and more women who have taken oral contraceptives
+"move into the age groups that are at highest risk for
+epithelial ovarian cancer we may witness a declining incidence
+of this serious disease," they said.
+     Specifically, the team led by Dr. Howard Ory found that
+"oral contraceptive use, even for a few months, reduces the
+risk of epithelial ovarian cancer by 40 percent for women 20 to
+54 years of age.
+     "The effect probably takes from five to ten years to
+become apparent, but it persists long after the use of oral
+contraceptives ends. Moreover, protection exists regardless of
+the formulation of oral contraceptive used," they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8918" NEWID="4005">
+<DATE>11-MAR-1987 18:14:49.93</DATE>
+<TOPICS><D>interest</D><D>retail</D><D>ipi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f0861&#31;reute
+u f BC-fin-futures-outlook   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ECONOMIC DATA KEY TO DEBT FUTURES OUTLOOK</TITLE>
+<AUTHOR>    By Brad Schade, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 11 - </DATELINE><BODY>U.S. economic data this week could be
+the key in determining whether U.S. interest rate futures break
+out of a 3-1/2 month trading range, financial analysts said.
+    Although market expectations are for February U.S. retail
+sales Thursday and industrial production Friday to show healthy
+gains, figures within or slightly below expectations would be
+positive for the market, the analysts said.
+    "You have to be impressed with the resiliency of bonds
+right now," said Smith Barney Harris Upham analyst Craig
+Sloane.
+    Treasury bond futures came under pressure today which
+traders linked to a persistently firm federal funds rate and a
+rise in oil prices. However, when sufficient selling interest
+to break below chart support in the June contract failed to
+materialize, participants who had sold bond futures early
+quickly covered short positions, they said.
+    "Everyone is expecting strong numbers, and if they come in
+as expected it won't be that bad for the market," Sloane said.
+    Sloane said the consensus estimate for the non-auto sector
+of retail sales is for a rise of 0.6 to 0.7 pct.
+    Dean Witter analyst Karen Gibbs said a retail sales figure
+below market forecasts would give a boost to debt futures, and
+she put the range for the non-auto sector of retail sales at up
+0.8 to 1.2 pct.
+    Industrial production and the producer price index Friday
+both are expected to show increases of about 0.5 pct, she
+added.
+    Retail sales "will tell us whether or not we will be able
+to fill the gap," Gibbs said, referring to a chart gap in June
+bonds between 100-26/32 and 101-3/32 created Friday. June bonds
+closed at 100-4/32 today.
+    Also key to debt futures direction, in addition to the
+federal funds rate, is the direction of crude oil prices, said
+Carroll McEntee and McGinley Futures analyst Brian Singer.
+    "A higher fed funds rate and firm oil prices precluded the
+market from breaking out of the trading range the last time the
+market approached the top of the range," Singer said.
+    In order for bonds to break above the top of the range,
+which is just below 102 in the June contract, "the crude oil
+rally needs to run its course and pull back a little bit,"
+Singer said. "Fed funds are already easing back down toward the
+six pct level."
+    The recent surge in oil prices has also been a concern to
+Manufacturers Hanover Futures analyst Jim Rozich, but the rally
+may be nearing a top around 18.50 dlrs per barrel, he said.
+    Rozich said he is looking for the June bond contract to
+ease to 99-6/32 and find support.
+    "I'm not quite ready to jump on the bullish bandwagon yet.
+The jury is still out this week," Rozich said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8919" NEWID="4006">
+<DATE>11-MAR-1987 18:15:09.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0863&#31;reute
+d f AM-AID   03-11 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. "ACTION PROGRAM" FOR SUB-SAHARAN AFRICA</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The Reagan administration,
+responding to last year's United Nations special session on
+Africa, today outlined a U.S. "action program" for sub-Saharan
+Africa focusing heavily on economic reform and self-help.
+    A White House statement announced establishment of "a
+long-term U.S. goal for all U.S. economic programs and policies
+in sub-Saharan Africa: to end hunger in the region through
+economic growth, policy reform and private sector development."
+    The statement said the "program of action" was recommended by
+a White House task force set up last September.
+    In a series of recommendations, the task force called for
+new efforts to address Africa's heavy debt burden and said U.S.
+food aid should stress production incentives to reinforce
+African nations' economic reform and productivity.
+    It also said better African access to world markets should
+be promoted to reward good performance and enable African
+nations to earn their way toward economic growth.
+    The U.S. private sector should be mobilized to provide
+"private, voluntary and corporate involvement of a humanitarian
+    It said donor countries "should negotiate, through the
+existing International Monetary Fund/World Bank coordination
+process, framework agreements with each sub-Saharan African
+country to establish long-term structural adjustment and reform
+programs."
+    The task force called for a separate budget account for
+U.S. bilateral aid "in order to focus better on rewarding
+economic performance and increasing the flexibility of U.S.
+assistance programs for incentive economic reforms and private
+sector development."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8920" NEWID="4007">
+<DATE>11-MAR-1987 18:16:09.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0867&#31;reute
+r f BC-UNUSUAL-TEXAS-INSTRUM   03-11 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNUSUAL TEXAS INSTRUMENTS &lt;TXN> PREFERRED PRICED</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>In a novel type of financing, Texas
+Instruments Inc marketed a three-part, 225 mln dlr issue of
+convertible money market preferred stock through Shearson
+Lehman Brothers Inc as sole manager.
+    Shearson, which originated the new convertible concept,
+said each of the three tranches totaled 75 mln dlrs. In the
+first, a 2.85 pct dividend was set on the stock with a strike
+price of 190 dlrs that represented a 15 pct premium over the
+common stock price when terms were set.
+    Also included were 4.36 pct dividend preferred with a 220
+dlr strike price and 33 pct premium and 4.49 pct dividend
+preferred with a 235 dlr strike price and 42 pct premium.
+    Texas Instruments common closed at 167.25 dlrs, up 2-1/8.
+    Ronald Gallatin, managing director at Shearson, said that
+"demand for the offering was unbelievable, especially for the
+first tranche."
+    He said that Shearson originated the concept of auction
+money market preferred stock three years ago. The conversion
+feature of this issue is the new wrinkle.
+    Commenting on the first tranche, Gallatin noted that the
+original pricing talk called for a dividend in the four to 4.20
+pct area. This was gradually cut to 2.85 pct because of intense
+demand, saving the issuer money in financing costs.
+    The Shearson official said that virtually all buyers of the
+first tranche received less than they wanted. He said the
+latter two tranches were less strongly oversubscribed.
+    Like non-convertible money market preferred stock, the new
+version allows investors to redeem their holdings every seven
+weeks. Investors then can maintain their holdings, sell them,
+or offer to hold on to the securities if the auction
+dividend is at least at a level they specify in advance.
+    Gallatin said the securities were sold to a broad range of
+investors, including major insurance companies, banks, money
+managers and pension funds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8921" NEWID="4008">
+<DATE>11-MAR-1987 18:21:00.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE><D>james-baker</D><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0877&#31;reute
+r f AM-CANADA-CLARK   03-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLARK SAYS HE EXPECTS U.S. ACTION ON ACID RAIN</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Canadian Foreign Secretary Joe
+Clark, winding up a two-day visit to Washington, said he
+expected the Reagan administration to take some action on
+reducing acid rain.
+    "My impression is there will be some movement by the United
+States administration on acid rain (but) how much movement I
+can't judge or predict," he told reporters.
+    The meetings with American officials are part of a routine
+U.S.-Canada consultation but are also expected to lay the
+groundwork for a summit in Ottawa next month between President
+Reagan and Prime Minister Brian Mulroney.
+    Clark today held discussions with Treasury Secretary James
+Baker and Democratic Sens. Patrick Moynihan of New York,
+Christopher Dodd of Connecticut, Lloyd Bentsen of Texas and
+George Mitchell of Maine.
+    Yesterday, he held talks with Vice President George Bush,
+Secretary of State George Shultz and Commerce Secretary Malcolm
+Baldrige.
+    Among its priorities, Canada is seeking evidence that
+Reagan is prepared to live up to a commitment made last year to
+implement in the United States a five-year 5 billion U.S. dlr
+program to test cleaner ways of burning coal.
+    This issue was discussed at length with Baker and several
+of the senators, including Mitchell who urged Canada to "keep
+the heat on" the Reagan administration to force action, Canadian
+officials said.
+    Also taken up with most of the senators and Baker were
+trade issues, including the need for the United States and
+Canada to establish a better mechanism for settling trade
+disputes between the two countries, who are each other's major
+trading partner, Canadian officials said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8922" NEWID="4009">
+<DATE>11-MAR-1987 18:22:58.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0886&#31;reute
+r f BC-FORD-MOTOR-&lt;F>-DISTRI   03-11 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD MOTOR &lt;F> DISTRIBUTES PROFIT SHARING</TITLE>
+<DATELINE>    DALLAS, March 11 - </DATELINE><BODY>Ford Motor COr said that profit-sharing
+checks were distributed to employees in its U.S. facilities.
+    About 371 mln dlrs was distributed to 160,253 emplyees. The
+average payment per employee was more than 2,100 dlrs compared
+with 1,200 in 1985.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8923" NEWID="4010">
+<DATE>11-MAR-1987 18:24:57.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>jamaica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0887&#31;reute
+u f BC-jamaica-puts-cap-on-b   03-11 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMAICA PUTS CAP ON BORROWING</TITLE>
+<DATELINE>    Kingston, march 11 - </DATELINE><BODY>jamaica has put a cap on its 3.5
+billion dlr foreign debt and will reduce its obligations by 300
+mln dlrs this year, prime minister edward seaga said today.
+    Speaking at a news conference, seaga said jamaica has
+reached its "maximum stock of debt" and will not undertake any
+more borrowing until it is justified by economic growth.
+    "this year we'll be reducing the stock of debt by 300
+million dollars," he said.
+    He told reporters his government aims to reduce jamaica's
+ratio of debt payments to foreign exchange earnings from the
+current 50 pct to 25 pct within three years.
+    Debt payments this year are expected to total 287 mln
+dollars, seaga said.
+    yesterday jamaica agreed with creditor banks to reschedule
+over the next 12 years some 181 miln dlrs due in 1987-89.
+    The accord includes a grace period on principal payments
+for eight and a half years and a reduction of interest rates
+from 2.5 to 1.125 pct above libor.
+    Last week, jamaica obtained a 10-year rescheduling of 100
+pct of principal and 85 pct of interest on 125 mln dollars of
+debt to the paris club nations  the debt would have fallen due
+over the next two years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8924" NEWID="4011">
+<DATE>11-MAR-1987 18:26:24.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0888&#31;reute
+d f AM-SICKLE   03-11 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FASTER TEST FOR SICKLE CELL ANEMIA DEVELOPED</TITLE>
+<DATELINE>   BOSTON, March 11 - </DATELINE><BODY>A team of California researchers said
+that they have developed a better, faster test for detecting
+sickle cell anemia in unborn children than existing procedures.
+     The test, developed by Cetus Corp &lt;CTUS> researchers,
+requires only a small amount of genetic material from a fetus
+and produces a diagnosis within a day, unlike other tests that
+require several days and can only be done in a few specialized
+centers, they said.
+     Sickle cell anemia is a painful, inherited blood disease
+that causes the normally-flexible red blood cells to stiffen
+into a sickle-like shape. It is primarily found in blacks.
+    The researchers said in The New England Journal of Medicine
+that their "procedure promises to be a rapid, sensitive and
+reliable method for the prenatal diagnosis of sickle cell
+disease."
+     In addition, they said, the technique might also be
+adapted to detect other types of genetic disease.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8925" NEWID="4012">
+<DATE>11-MAR-1987 18:36:05.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0900&#31;reute
+r f BC-BANK-OF-BRITISH-COLUM   03-11 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF BRITISH COLUMBIA 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 11 -
+    </DATELINE><BODY>Oper shr loss two cts vs profit three cts
+    Oper net profit 273,000 dlrs vs profit 1,710,000
+    YEAR - period ended October 31, 1986
+    Oper shr loss 23 cts vs profit 14 cts
+    Oper net loss 4,397,000 vs profit 7,527,000
+    Assets 2.67 billion vs 3.25 billion
+    Note: 1987 1st qtr net excludes extraordinary loss of 2.2
+mln dlrs or six cts shr.
+    1986 yr net excludes extraordinary loss of 66 mln dlrs or
+1.94 dlrs shr involving 22.1 mln dlrs of costs from sale of
+bank assets to Hongkong Bank of Canada, eight mln dlrs for
+contingent liabilities in respect of litigation and potential
+tax reassessment by U.S. govt and 35.9 mln dlrs of deferred tax
+debits.
+    Most bank assets sold to HongKong Bank of Canada, a unit of
+&lt;Hong Kong and Shanghai Banking Corp> in Nov, 1986.
+    Shr after preferred divs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8926" NEWID="4013">
+<DATE>11-MAR-1987 18:37:48.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0904&#31;reute
+u f AM-REAGAN-HAKIM   03-11 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAN SCANDAL PARTICIPANT TO GET IMMUNITY OFFER</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>Albert Hakim, an arms merchant, is
+the first top-ranked player in the Iran arms scandal who may be
+enticed into testifying by the promise of immunity,
+investigators said.
+    The House Select committee probing the Iran arms scandal
+has voted to grant limited immunity from criminal prosecution
+to Hakim in return for his testimony.
+    Hakim, 51, was said deeply involved from the start in the
+attempt to trade arms to Iran for help in freeing American
+hostages in Lebanon and the diversion of funds and arms to
+rebels in Nicaragua.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8927" NEWID="4014">
+<DATE>11-MAR-1987 18:38:02.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0905&#31;reute
+r f BC-RESTAURANT-ASSOCIATES   03-11 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESTAURANT ASSOCIATES INC &lt;RA> 4TH QTR JAN 3</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>Shr 25 cts vs 36 cts
+    Net 1.4 mln vs 1.4 mln
+    Revs 56.9 mln vs 35.1 mln
+    Year
+    Shr 86 cts vs 75 cts
+    Net 4.7 mln vs 3.0 mln
+    REvs 201.4 mln vs 140.0 mln
+    NOTE:1985 4th qtr includes 99,000 loss from carryforward.
+Shares restated to give effect to 1.4 to one stock split in the
+form a 40 pct class A dividend in August 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8928" NEWID="4015">
+<DATE>11-MAR-1987 18:41:59.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0907&#31;reute
+r f BC-MICHIGAN-GENERAL-CORP   03-11 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICHIGAN GENERAL CORP &lt;MGL> 4TH QTR</TITLE>
+<DATELINE>    SADDLE BROOK, N.J., March 11 -
+    </DATELINE><BODY>Shr loss 1.02 dlrs vs 1.01 dlr
+    Net loss 18.1 mln vs 11.4 mln
+    Revs 96.0 mln vs 90.3 mln
+    Year
+    Shr loss 2.65 dlrs vs loss 3.06 dlrs
+    Net loss 39.3 mln vs 34.6 mln
+    Revs 386.0 mln vs 373.0 mln
+    NOTE:1986 4th qtr, year loss includes 14.4 mln dlrs, 4.6
+mln dlrs respectively from discontinued. 1985 4th qtr and year
+include loss of 13.1 mln, 1.9 mln dlr respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8929" NEWID="4016">
+<DATE>11-MAR-1987 18:45:36.66</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D><D>libya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0908&#31;reute
+u f BC-USX-&lt;X>-PROVED-OIL,-G   03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> PROVED OIL, GAS RESERVES FALL IN 1986</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>USX Corp said proved reserves of oil
+and natural gas liquids fell 28 pct to 802.8 mln barrels at the
+end of 1986 from 1.12 billion barrels at year-end 1985.
+    The figures, in USX's just-released 1986 annual report,
+indicate much of the drop resulted from the exclusion of 293.7
+mln barrels of Libyan reserves, after the U.S. government last
+June directed U.S. oil companies to end Libyan operations.
+    USX, which owns Marathon Oil Co and Texas Oil and Gas Corp,
+had 60 pct of its 1986 sales of 14.94 billion dlrs from its oil
+and gas operations.
+    About 24 pct of total sales came from USX's USS steel unit
+and 16 pct from diversified businesses, which include oilfield
+services, raw materials, minerals, chemicals and real estate.
+    According to the report, domestic liquids reserves fell
+slightly to 628.5 mln barrels from 628.9 mln and foreign
+reserves fell to 174.3 mln from 486.4 mln barrels. The large
+drop in foreign reserves was in the Middle East and Africa,
+where they fell to about 9.3 mln barrels from 316.7 mln,
+reflecting the exclusion of Libya.
+    Total natural gas reserves fell to 4.82 trillion cubic feet
+at year-end 1986 from 5.18 trillion at the end of 1985.
+    Again, most of the drop came from the Middle East and
+Africa, where reserves fell to zero from 71.9 billion cubic
+feet, excluding Libyan reserves.
+    U.S. natural gas reserves fell to 3.44 trillion cubic feet
+from 3.65 trillion and foreign reserves fell to 1.38 trillion
+from 1.53 trillion.
+    In other areas, USX said total capital spending fell to 962
+mln dlrs in 1986 from 1.78 billion dlrs in 1985. The 1986
+audited figure is eight mln dlrs higher than the unaudited
+figure the company reported on Jan 27.
+    USX also said it expects to record a gain of 150 mln dlrs
+in 1988, representing 50 pct of previously existing investment
+tax credits allowable under the new tax law. The loss of the
+other half of the credits was reflected in the fourth quarter.
+    In a discussion of steel results, USX said plants that were
+shut down last month and some previously idled plants may be
+permanently closed. USX took a fourth quarter charge of 1.03
+billion dlrs to restructure its steel operations. The charge
+included the "indefinite idling" last month of four plants in
+Utah, Pennsylvania and Texas.
+    Other plants or parts of plants in Pennsylvania, Indiana,
+Alabama, Ohio and Chicago had been previously idled.
+    "These operations are not permanently shut down. Improved
+market conditions for the products from these plants may make
+it feasible to reopen some of them," USX said in the report.
+    "On the other hand, a lack of any future market improvement
+may necessitate their permanent closing," it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8930" NEWID="4017">
+<DATE>11-MAR-1987 18:50:05.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0914&#31;reute
+r f BC-PHILLIPS&lt;P>-SAYS-STOC   03-11 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILLIPS&lt;P> SAYS STOCK UP ON STEPS TO PARE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>Phillips Petroleum Co Chairman C. J.
+"Pete" Silas said his company's stock, ranked fourth on the
+most active list of stocks traded today, rose partly because of
+steps it took to pare its debt.
+    Silas told Reuters in an interview today, "part of this
+strength results from the rise in oil prices and also because
+some of the analysts have been happy with the steps we've taken
+in 1986 to pare our debt."
+    Phillips stocks rose 1/4 to 14 dlrs a share following
+recommendations by some oil analysts, a company source said.
+    Phillips debt stood at 5.9 billion dlrs in December 1986
+down from a 1985 high of 8.6 billion dlrs, analysts said.
+    "At 14 dlrs a share, Phillips is priced closer to the actual
+price of oil," he added.
+    Silas said, "if the analysts are right that oil prices will
+rise to 20 dlrs or higher, then it seems to make sense to buy
+Phillips." He is, however, more cautious about the strength in
+crude prices, expecting the price to fluctuate between 16-18
+dlrs a barrel for the year.
+    Oil industry analysts said one reason for the stock's
+popularity of the stock is that it traded at a strong discount
+to its appraised value and was attractively priced for small
+investors.
+    Charles Andrew, an analyst who follows Phillips for John S.
+Herold Inc of Greenwich, Conn said that the appraised value of
+the company, based on available data is 34.25 dlrs.
+    "The stock is trading at about 1/3 its appraised value. The
+company has tremendous leverage and if it can get its act
+together and if oil prices are steady to higher there is good
+room for improvement," he said.
+   But, he added, "if oil prices turn lower, there will be a
+lot of pressure on Phillips."
+   Phillips' shares fell as low as eight dlrs a share over the
+last 52 weeks with a 1987 low of 11-3/4 dlrs in 1987.   
+Analysts say that the appraised value of the company could be
+revised due to asset sales of their oil and gas reserves.
+   Silas told Reuters that the asset sales which amount to
+about two billion dlrs for 1986 were completed and that none
+were planned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8931" NEWID="4018">
+<DATE>11-MAR-1987 18:50:57.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0915&#31;reute
+u f BC-MICHIGAN-GENERAL-&lt;MGL   03-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICHIGAN GENERAL &lt;MGL> BEGINS EXCHANGE OFFER</TITLE>
+<DATELINE>    SADDLE BROOK, N.J., march 11 - </DATELINE><BODY>Michigan General Corp said
+it began an exchange offer for its 110 mln dlrs outstanding
+principal amount of 10-3/4 pct senior subordinated debentures
+due December 1, 1998.
+    Pursuant to the exchange offer, each 1,000 dlr principal
+amount will receive 500 dlr principal amount of senior
+subordinated notes due March 1, 1992, 200 dlr principal amount
+of non-interest bearing convertible senior subordainted notes
+due March 1, 1997 and 12 shares of delayed convertible
+preferred stock, liquidation preference 25 dlrs per share.
+    The offer will expire April nine.
+    Michigan General said the exchange offer is crucial to is
+attempt to restructure and reduce its risk from Chapter 11.
+    The principal purpose of the offer is to reduce its debt
+service on the 10-3/4 pct debetures, increase stockholders'
+equity and induce its lender to continue to fund.
+    Assuming a 90 pct acceptance of the offer, Michigan's
+annual cash interest requirements will be reduced by about 10.6
+mln dlrs, it said.
+    Completion is subject to the tender of at least 90 pct of
+the debentures and its lender to waive it from default under
+its loan agreements.
+      
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8932" NEWID="4019">
+<DATE>11-MAR-1987 18:53:18.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0918&#31;reute
+r f BC-BANK-OF-B.C.-REVISES   03-11 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF B.C. REVISES SHARE PAYOUT ESTIMATE</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 11 - </DATELINE><BODY>Bank of British
+Columbia said it revised its estimate of shareholder
+distributions from last November's sale of most of the bank's
+assets to HongKong Bank of Canada to between 65 cts and 1.15
+dlrs a share from 55 cts to 1.20 dlrs a share.
+    The bank said the estimate could rise to between 1.30 dlrs
+and 1.80 dlrs a share if the full pension surplus is obtained.
+It said it did not know when distributions would be made.
+    It earlier reported that operating profit for first quarter
+ended January 31 fell to 273,000 dlrs from 1.7 mln dlrs the
+previous year.
+    For full-year 1986 ended October 31, the bank posted an
+operating loss of 4.4 mln dlrs against year-earlier profit of
+7.5 mln dlrs. The bank also posted a 66 mln dlr extraordinary
+loss in fiscal 1986.
+    Bank of British Columbia sold most of its assets last
+November to HongKong Bank Canada, a unit of &lt;HongKong and
+Shanghai Banking Corp>, of Hong Kong, for 63.5 mln dlrs.
+    It said efforts to wind up the bank's affairs were
+proceeding as quickly as possible.
+    The bank said it expected to report positive earnings in
+future periods, barring unforeseen circumstances.
+    Loan losses, which the bank previously said figured in its
+move to sell off most of its assets, rose to 105.7 mln dlrs in
+fiscal 1986 from year-earlier 36.1 mln dlrs. The bank said 31.1
+mln dlrs of the 1986 total represented downward adjustments to
+its portfolio of syndicated sovereign risk loans as required
+under the sale to HongKong Bank.
+    Since November 27, the bank has confined activities to the
+winding up of affairs, Bank of British Columbia said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8933" NEWID="4020">
+<DATE>11-MAR-1987 18:54:46.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0921&#31;reute
+u f BC-HOUSE-VOTES-TO-BLOCK   03-11 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE VOTES TO BLOCK CONTRA AID FOR SIX MONTHS</TITLE>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>The House voted to block 40 mln dlrs
+in military aid to the Nicaraguan rebels until President Reagan
+accounts for past assistance, including money diverted from the
+U.S. sale of arms to Iran.
+    The vote was seen as a temporary defeat for Reagan, who has
+made aid to the "contras" a key initiative.
+    Congressional Democratic leaders have conceded that despite
+today's vote, they can not muster a two-thirds majority to
+override a certain Reagan veto. But they have said it is likely
+they can win a battle expected this fall over 105 mln dlrs iin
+new aid Reagan is requesting.
+             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8934" NEWID="4021">
+<DATE>11-MAR-1987 18:56:34.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0924&#31;reute
+d f BC-&lt;KIENA-GOLD-MINES-LTD   03-11 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;KIENA GOLD MINES LTD> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 11 -
+    </DATELINE><BODY>Shr 17 cts vs 16 cts
+    Net 1,019,000 vs 985,000
+    Revs 7,997,000 vs 7,492,000
+    YEAR
+    Shr 1.18 dlrs vs 64 cts
+    Net 6,959,000 vs 3,778,000
+    Revs 36.5 mln vs 29.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8935" NEWID="4022">
+<DATE>11-MAR-1987 18:56:43.55</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0925&#31;reute
+r f BC-ARGENTINE-MEAT-EXPORT   03-11 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE MEAT EXPORTS HIGHER IN JAN/FEB 1987</TITLE>
+<DATELINE>    BUENOS AIRES, March 11 - </DATELINE><BODY>Argentine meat exports during
+Jan/Feb 1987 totalled 39,714 tonnes, against 36,594 tonnes
+shipped in the same 1986 period, National Meat board said.
+    Shipments in tonnes with comparative figures for the 1986
+period, in brackets, included: beef 26,945 (20,096), horse meat
+3,257 (4,211) and beef offal 7,660 (10,502).
+    Argentine's meat exports totalled 20,243 tonnes in February
+1987, against 19,217 tonnes shipped in the same 1986 month.
+    Shipments in tonnes, with comparative figures for February
+1986, in brackets, included: beef 13,272 (11,464), horse meat
+1,543 (2,083) and beef offal 4,476 (4,672), the board added.
+    Main destinations for refrigerated beef (bone in
+equivalent) were as follows, in tonnes, with comparative
+figures for 1986 in brackets -
+    EC 5,500 (7,900), Brazil 5,200 (unavailable), Israel 3,700
+(3,000), Peru 2,500 (800), Singapore 500 (300), Switzerland 500
+(400), Canary Islands 500 (300), Malta 500 (700), Aruba/Curazao
+200 (300), Chile 100 (600).
+    Main destinations for canned meat and cooked beef (bone in
+equivalent), in tonnes with comparative figures for Jan/Feb
+1986, in brackets, were -
+    United States 11,200 (13,400), EC 4,700 (5,100).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8936" NEWID="4023">
+<DATE>11-MAR-1987 19:02:33.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0940&#31;reute
+r f BC-KIENA-PLANS-TWO-FOR-O   03-11 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIENA PLANS TWO-FOR-ONE STOCK SPLIT</TITLE>
+<DATELINE>    TORONTO, March 11 - </DATELINE><BODY>&lt;Kiena Gold Mines Ltd> said it planned
+a two-for-one common stock split, pending shareholder approval
+on April 7.
+    It said approval would require 66-2/3 pct of votes cast.
+Kiena said 57 pct-owner Campbell Red Lake Mines Ltd &lt;CRK> was
+expected to vote in favor of the split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8937" NEWID="4024">
+<DATE>11-MAR-1987 19:04:31.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0941&#31;reute
+r f BC-VANZETTI-&lt;VANZ>-INCRE   03-11 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VANZETTI &lt;VANZ> INCREASE OF SHARES APPROVED</TITLE>
+<DATELINE>    STOUGHTON, Mass, March 11 - </DATELINE><BODY>vanzetti Systems INc said its
+shareholders approved increasing the number of authorized
+shares to five mln from three mln.
+    Shareholders also approved increasing the number of shares
+reserved for options to employees to 300,000 from 150,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8938" NEWID="4025">
+<DATE>11-MAR-1987 19:04:38.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0942&#31;reute
+s f BC-ROWE-FURNITURE-CORP-&lt;   03-11 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROWE FURNITURE CORP &lt;ROWE> SETS QTLY DIVIDEND</TITLE>
+<DATELINE>    SALEM, Va., March 11 - 
+    </DATELINE><BODY>Qtly div four cts vs four cts prior
+    Pay April 15
+    Record March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8939" NEWID="4026">
+<DATE>11-MAR-1987 19:05:21.41</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0943&#31;reute
+u f BC-U.S.-HOUSE-PANEL-TAKE   03-11 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PANEL TAKES FIRST TRADE BILL VOTES</TITLE>
+<AUTHOR>    By Jacqueline Frank</AUTHOR>
+<DATELINE>    WASHINGTON, March 11 - </DATELINE><BODY>House trade lawmakers took their
+first votes on measures designed to toughen U.S. trade laws but
+held over until tomorrow the most difficult votes on
+controversial plans to protect American industries.
+    Meeting in closed session, the House Ways and Means Trade
+Subcommittee failed to resolve one of the most sensitive issues
+in the bill--whether they will force major foreign trading
+partners to severely cut their trade surpluses with the United
+States.
+    The subcommittee is considering a toned-down version of
+Democratic-sponsored trade legislation that aims to open
+foreign markets but which drops last year's effort to force
+President Reagan to retaliate with quotas or tariffs.
+    Congressional aides who asked not to be identified said the
+lawmakers intend to wrap up their proposals tomorrow and will
+consider a proposal to mandate retaliation without setting
+specific trade penalties.
+    The legislation faces another hurdle in the full Ways and
+Means Committee next week before the full House votes on it.
+    Rep. Richard Gephardt, a Missouri Democrat who is seeking
+his party's 1988 presidential nomination, said he may offer an
+amendment to call for reductions in the trade surpluses of
+those countries with barriers to imports of U.S. goods.
+    This would be a moderated version of his earlier plan to
+force a mandatory ten per cent annual cut in the trade surplus
+with the United States by Japan, South Korea, Taiwan, West
+Germany and other countries with the largest trade imbalances.
+    "My criteria for a good amendment sets a standard for
+getting the trade deficit down," he told reporters.
+    The trade law changes are to become part of a major
+congressional and administration effort to turn around the
+record U.S. trade deficit of 169 billion dlrs last year by
+opening up foreign markets and making U.S. products more
+competitive.
+    House Speaker James Wright, a Texas Democrat, said again
+today he expects the full House will approve the trade bill by
+May and that Reagan will accept the final congressional bill.
+    "I expect whatever is reported (by the Ways and Means
+Committee) will pass. We will have a good bill and an effective
+bill," he told reporters.
+    The comprehensive trade bill will include work by other
+committees to ease export controls on high technology, to aid
+U.S. workers displaced by foreign competition, to stimulate
+research and development, to remove foreign trade barriers and
+to improve education and worker training.
+    The lawmakers agreed that for the first time a U.S.
+industry could charge foreign producers with unfair competition
+if they deny basic worker rights such as collective bargaining,
+safety rules and payment of a minimum wage appropriate to the
+country's economic development.
+    They transferred to U.S. Trade Representative Clayton
+Yeutter the powers now held by Reagan to decide whether to
+retaliate against foreign violations of fair trade rules and
+whether an injured industry deserves import relief.
+    They agreed to make it easier for a company to get
+temporary relief from import competition but agreed the
+industry should provide a plan to become competitive.
+    The administration has not announced its support but
+Yeutter said yesterday, "I am cautiously optimistic," that the
+Democratic-led House will come up with an acceptable bill.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8940" NEWID="4027">
+<DATE>11-MAR-1987 19:06:36.56</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>france</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0945&#31;reute
+r f BC-SOVIET-MINISTER-SAYS   03-11 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET MINISTER SAYS TRADE BOOST UP TO FRENCH</TITLE>
+<DATELINE>    PARIS, March 11 - </DATELINE><BODY>Soviet first deputy prime minister
+Vsevolod Murakhovsky said at the end of a brief visit here his
+country wanted to boost joint business with France, but that a
+reduction of France's trade deficit with the Soviet Union
+depended on the French.
+    Murakhovsky, who is also chairman of the State
+Agro-Industrial Committee (GOSAGROPROM), told a news conference
+he had discussed a variety of possible deals with French
+companies Rhone-Poulenc, Pechiney and Imec.
+    Declining to put figures on possible contracts he said he
+had discussed plant protection and the processing of highly
+sulphuric gas with Rhone-Poulenc, packaging technology for
+agricultural products with Pechiney, and fruit and vegetable
+juice processing with Imec.
+    An official for Pechiney said an agreement of intent on
+packaging could be signed soon, but could not give any other
+details. The other two companies were not immediately available
+for comment.
+    Asked whether he foresaw a reduction this year of France's
+trade shortfall, at 7.6 billion francs in the first 11 months
+of 1986 against 5.1 billion for the whole of 1985, Murakhovsky
+told Reuters: "It all depends on France."
+    At a meeting in Paris last January French and Soviet
+foreign trade ministers said they were committed to increased
+efforts to reduce the deficit. Estimates at the time showed a
+French 190 mln franc surplus for December 1986.
+    Murakhovsky said the Soviet Union was prepared to talk with
+anybody with "interesting" proposals offering latest technology
+and assuring "a mutual advantage."
+    He said the Soviet Union had many tasks ahead of it and
+would deal rapidly with proposals it considered interesting.
+    He encouraged companies to take advantage of new laws
+guaranteeing "the interests of foreign partners" in joint
+ventures.
+    But he said no agreements had yet been finalised under the
+new joint venture laws.
+    He said concrete deals had not yet been finalised as a
+result of a one billion dollar accord signed in Moscow last
+month with French businessman Jean-Baptiste Doumeng.
+    He said Doumeng's Interagra company was preparing proposals
+for further examination by the Soviet Union. Doumeng last month
+said the agreement was to exchange one billion dollars worth of
+goods.
+    Murakhovsky said the agreement was one of intent, and
+designed primarily to renew and increase the Soviet Union's
+food production capacity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8941" NEWID="4028">
+<DATE>11-MAR-1987 19:09:27.77</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A Y
+&#22;&#22;&#1;f0952&#31;reute
+u f AM-ecuador-assistance 1stld  03-11 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA TO LEND OIL TO ECUADOR FOR EXPORT</TITLE>
+<DATELINE>    Caracas, march 11 - </DATELINE><BODY>venezuela will supply ecuador with an
+as yet undetermined amount of crude oil to help it meet export
+commitments, seriously affected by last week's earthquake,
+energy and mines minister arturo hernandez grisanti said.
+    He gave few details about the deal, but said a crude oil
+loan agreement will be made between state oil companies
+petroleos de venezuela (pdvsa) and ecuador's cepe.
+    Ecuador was forced to suspend oil exports for an expected
+four months after an earthquake damaged a pipeline. Oil
+accounts for 60 per cent of its export income.
+     Hernandez was speaking to reporters at miraflores palace
+on the results of talks with ecuador's deputy energy minister
+fernando santos alvite, who arrived here last night.
+    "the volume lent to ecuador would be discounted from its
+opec quota and would not affect venezuela's," he said. "we would
+from august on produce our own quota and sell the additional
+amounts that ecuador would be repaying us," he said.
+    He did not elaborate on the quota arrangements but did say
+ecuador would notify opec by telex that venezuela would be
+lending it a certain amount over so many days.
+    Venezuela's opec output quota is currently 1.495 million
+barrels a day, and ecuador's has been set at 210,000 bpd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8942" NEWID="4029">
+<DATE>11-MAR-1987 19:10:26.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0956&#31;reute
+d f BC-EAGLE-CLOTHES-INC-&lt;EG   03-11 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAGLE CLOTHES INC &lt;EGL> 2nD QTR JAN 31</TITLE>
+<DATELINE>    NEW YORK, March 11 -
+    </DATELINE><BODY>Shr profit 17 cts vs profit 14 cts
+    Net profit 1.3 mln vs profit 901,000
+    Revs 36.9 mln vs 36.2 mln
+    Six months
+    Shr profit 18 cts vs loss 11 cts
+    Net profit 1.4 mln vs loss 716,000
+    Revs 63.6 mln vs 57.7 mln
+    NOTE:1986 six months includes increase in provision for
+doubtful accounts to 1.5 mln dlrs. 1986 shares give effect to
+issuance of 1.5 mln shares in exchange for outstanding Series 1
+preferred shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8943" NEWID="4030">
+<DATE>11-MAR-1987 19:11:19.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0958&#31;reute
+r f AM-GULF-IRAQ   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IRAN ATTACK REPULSED ON SOUTHERN FRONT</TITLE>
+<DATELINE>    BAGHDAD, March 11 - </DATELINE><BODY>Iraq said it had repelled an Iranian
+attack on positions held by its fourth army corps east of the
+southern Iraqi town of Amarah on the Baghdad-Basra highway.
+    A Baghdad war communique said an Iranian infantry brigade,
+backed by tanks, launched the overnight attack and fierce
+fighting raged for more than six hours before Iranian troops
+fled the battlefield, leaving 220 men killed and many wounded.
+    No major battles have been reported fought by the fourth
+army corps for more than a year in the area, mainly swamplands
+of the Hawizah marshes running eastward to the southern port
+city of Basra.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8944" NEWID="4031">
+<DATE>11-MAR-1987 19:15:32.68</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0961&#31;reute
+r f AM-BRITAIN-JAPAN   03-11 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN CALLS ON JAPAN TO INCREASE IMPORTS</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>Britain today called on Japan to
+increase foreign imports or risk the rise of protectionism and
+the harm it would bring to it and other trading nations.
+    British Trade and Industry Secretary Paul Channon said
+Japan must heed a report issued by a Japanese government
+advisory body in December calling for faster domestic demand to
+help cut its trade surplus and restructure its economy.
+    "I recognise that the strong yen has brought problems to
+Japan's domestic economy," he told a group of Japanese
+businessmen in London.
+    "But these short term difficulties should not be allowed to
+deflect Japan from the fundamental reforms necessary," he said.
+    "It is not just a domestic issue for Japan. If import
+propensity does not expand very soon there is a real risk from
+protectionist lobbies, particularly in the U.S. With whom Japan
+has so massive a surplus," he said.
+    "They may well succeed in securing action by governments
+which would be highly injurious to trading nations like Japan
+and the U.K."
+    Channon said there had been substantial growth in the
+volume of trade between Japan and Britain, amounting to 6.2
+billion sterling (9.8 billion dlrs) last year.
+    But he added: "Regrettably too much of it was in one
+direction, with the Japanese selling us 3.7 billion sterling
+(5.8 billion dlrs) more than we sold them."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8945" NEWID="4032">
+<DATE>11-MAR-1987 19:15:55.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0963&#31;reute
+f f BC-******TAFT-BROADCASTI   03-11 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TAFT BROADCASTING REJECTS 145 DLR PER SHARE BUYOUT OFFER FROM THETA CORP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8946" NEWID="4033">
+<DATE>11-MAR-1987 19:18:49.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0964&#31;reute
+u f BC-TAFT-&lt;TFB>-REJECTS-14   03-11 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAFT &lt;TFB> REJECTS 145 DLR/SHR OFFER</TITLE>
+<DATELINE>    Cincinnati, March 11 - </DATELINE><BODY>Taft Braodacasting Co said its board
+of directors unanimously decided not to accept the pending
+proposal of Theta Corp, an investor group led by Dudley Taft.
+    The decision was based on, among other things, the advise
+of its financial advisors, goldman sachs and co, that the offer
+of 145 dlrs per share was inadequate.
+    Taft said the board concluded that the offer failed to
+recognize fully the future propsects of the company and
+directed management to explore alternatives including possible
+financial restructuring.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8947" NEWID="4034">
+<DATE>11-MAR-1987 19:23:42.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0967&#31;reute
+d f AM-ecuador-tremor 1stld  03-11 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR DEBT TO BE HONOURED AFTER QUAKE SURVIVAL</TITLE>
+<DATELINE>    QUITO, March 11 - </DATELINE><BODY>Ecuador, stricken by a severe earthquake,
+will honour its 8.16 billion dlr foreign debt but only after
+ensuring the survival of the country after the tremor which
+claimed at least 300 lives and caused 4,000 persons to
+disappear.
+    "The government's position ... is to permit us to honour the
+(debt) commitments but without sacrificing the country, because
+first we have to survive and later we can comply," information
+minister Marco Lara told reuters.
+     He said the nation would later announce definitive
+measures on the foreign debt in the aftermath of the earthquake
+which the government said will cause nearly a billion dlrs in
+economic losses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8948" NEWID="4035">
+<DATE>11-MAR-1987 19:26:43.72</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0968&#31;reute
+r f AM-COMMUNITY-BRITAIN   03-11 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH MINISTER CRITICISES PROPOSED EC OILS TAX</TITLE>
+<DATELINE>    LONDON, March 11 - </DATELINE><BODY>A British minister said that a proposed
+European Community tax on vegetable oils and fats would raise
+the price of fish and chips and he pledged the government would
+fight against it.
+    Lord Belstead, a junior agriculture minister, told the
+House of Lords the tax would raise the price of raw materials
+used in many processed foods by about 100 pct.
+    He said revenue should not be raised by taxing the consumer
+and called the proposal "repugnant."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8949" NEWID="4036">
+<DATE>11-MAR-1987 20:04:55.06</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0981&#31;reute
+b f BC-AUSTRALIAN-UNEMPLOYME   03-11 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN UNEMPLOYMENT EASES IN FEBRUARY</TITLE>
+<DATELINE>    CANBERRA, March 12 - </DATELINE><BODY>Australia's seasonally-adjusted
+unemployment rate eased to 8.2 pct of the estimated workforce
+in February from 8.3 pct in January, compared with 7.9 pct a
+year earlier, the Statistics Bureau said.
+    The number of unemployed declined to 632,100 from 638,300
+in January, against 594,500 in February 1986, it said.
+    But unadjusted, the number of jobless rose to 699,800 or
+9.1 pct of the workforce from 671,400 or 8.9 pct in January and
+658,500 or 8.7 pct a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8950" NEWID="4037">
+<DATE>11-MAR-1987 21:02:16.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0996&#31;reute
+u f BC-ECUADOR-SEEKS-HALT-TO   03-11 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR SEEKS HALT TO PAYMENTS TO BANKS IN 1987</TITLE>
+<DATELINE>    QUITO, March 11 - </DATELINE><BODY>Ecuador, stricken by a severe earthquake,
+is seeking through negotiations with private foreign banks to
+postpone all payments due to them for the rest of the year,
+Finance Minister Domingo Cordovez said.
+    He said in a statement, "The idea with the foreign banks is
+to obtain from them the best terms to give the Ecuadorean
+economy a complete relief in the period of deferral of payments
+on the foreign debt during the present year."
+    The statement referred only to payments due to private
+foreign banks, a senior government finance official told
+Reuters.
+    These creditors hold two-thirds of Ecuador's foreign debt
+which totals 8.16 billion dlrs.
+    It did not refer to debts maturing to foreign governments
+and multilateral lending agencies, accounting for the remainder
+of Ecuador's foreign debt, the official said.
+    He said Ecuador owed the private foreign banks between 450
+and 500 mln dlrs in interest payments for the rest of 1987 and
+about 66 mln in principal payments maturing this year.
+    Cordovez said Ecuador would seek new loans from
+multilateral organisations. A World Bank mission was due here
+soon to evaluate emergency loans, government officials said.
+    Ecuador has also appealed for emergency
+aid from about 40 foreign governments.
+    Government officials have calculated losses to the 1987
+budget from last Thursday's earthquake at 926 mln dlrs.
+    In 1986, Ecuador's total service on the foreign debt was
+about 996 mln dlrs to all creditors.
+    The quake ruptured Ecuador's main oil pipeline, suspending
+crude exports for five months until the line is repaired. Oil
+accounts for up to two-thirds of its total exports and up to 60
+pct of total revenues. Before the tremor, Ecuador suspended
+interest payments on January 31 to private foreign banks.
+    Officials said they stopped interest payments due to a
+cash-flow squeeze stemming from a slide in world oil prices,
+which cut 1986 exports by about 25 pct to 2.18 billion dlrs.
+    Ecuadorean finance officials have been in telephone contact
+every day this week with some of the banks who sit on its
+14-bank advisory committee, the senior government finance
+official said. The committee represents the country's 400 or so
+private foreign bank creditors.
+    Cordovez also said in the statement, "The banks should
+perceive that it is impossible at this moment to comply with
+what was forseen."
+    Cordovez added, Ecuador must make a new proposal in line
+with the reality since the earthquake by seeking better options
+of deferment and of softening the negotiation conditions."
+    Interest payments fall due at least monthly to private
+foreign banks.
+    Ecuador's initial proposal earlier this year was to make
+only one semi-annual or one annual interest payment this year.
+    Under this proposal, it sought to defer interest payments
+until June at the earliest, foreign bankers and government
+officials here said.
+    Ecuadorean officials held their last formal meeting with
+the advisory committee in New York in January, but the
+negotiations were suspended on January 16 due to the 12-hour
+kidnapping of President Leon Febres Cordero by air force
+paratroopers.
+    The Red Cross says that least 300 people died and at least
+4,000 are missing due to the earthquake.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8951" NEWID="4038">
+<DATE>11-MAR-1987 21:06:50.50</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0002&#31;reute
+u f BC-TREASURY-SECRETARY-BA   03-11 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY SECRETARY BAKER DECLINES COMMENT ON G-6</TITLE>
+<DATELINE>    NEW YORK, March 11 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+declined comment on the February 22 Paris accord between the
+six major industrial nations under which they agreed to foster
+exchange rate stability.
+    Asked by reporters after a speech before the National
+Fitness Foundation banquet what, if any, currency intervention
+levels had been set in Paris, Baker replied: "We never talk
+about intervention."
+    Baker also declined to comment on his views about the
+foreign exchange markets' reaction to the accord.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8952" NEWID="4039">
+<DATE>11-MAR-1987 21:32:41.13</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0019&#31;reute
+u f BC-ECUADOR-TO-ASK-OPEC-T   03-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR TO ASK OPEC TO RAISE EXPORT QUOTA</TITLE>
+<DATELINE>    CARACAS, March 11 - </DATELINE><BODY>Ecuador will ask OPEC to raise its oil
+export quota by 100,000 barrels per day to 310,000 to
+compensate for lost output due to last week's earthquake,
+deputy Energy Minister Fernando Santos Alvite said.
+    Santos Alvite, who arrived in Caracas last night to discuss
+an aid plan for Ecuador, did not say when the Organisation of
+Petroleum Exporting Countries (OPEC) would be approached.
+    The additional output would be related to plans now under
+discussion for Venezuela and Mexico to lend Ecuador crude while
+it repairs a pipeline damaged by the quake.
+    Earlier, Venezuelan Energy and Mines Minister Aturo
+Hernandez Grisanti said his country would supply an unspecified
+part of Ecuador's export commitments.
+    But Santos Alvite told reporters he hoped a first cargo of
+300,000 barrels could leave Maracaibo this weekend to supply
+refineries near Guayaquil. He added Ecuador also wanted to make
+up for 50,000 bpd it shipped to Caribbean destinations. Mexico
+might supply Ecuador's South Korean market.
+    Ecuador may be unable to export oil for up to five months
+due to extensive damage to a 25 mile stretch of pipeline
+linking jungle oilfields to the Pacific port of Balao.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8953" NEWID="4040">
+<DATE>11-MAR-1987 21:37:18.46</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0024&#31;reute
+u f BC-CHINA'S-RAPESEED-CROP   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA'S RAPESEED CROP DAMAGED BY STORMS</TITLE>
+<DATELINE>    PEKING, March 12 - </DATELINE><BODY>The yield on 46,000 hectares (ha) of
+rapeseed in central China will be cut by up to 70 pct by
+hailstorms and tornadoes that swept across nearly 100,000 ha of
+crops on March 6, the New China News Agency said today.
+    The storm, which lashed the Huai and Yangtze rivers and
+eastern Anhui province, left two people dead and 800 others
+injured. Some 800 houses were flattened and 19 boats sunk, it
+said.
+    The Anhui provincial government has sent emergency relief
+to the 19 counties affected, the news agency said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8954" NEWID="4041">
+<DATE>11-MAR-1987 22:25:49.20</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0040&#31;reute
+u f BC-CHINA-CLOSES-SECOND-R   03-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA CLOSES SECOND ROUND OF OFFSHORE OIL BIDS</TITLE>
+<DATELINE>    PEKING, March 12 - </DATELINE><BODY>China has closed the second round of
+bidding by foreign firms for offshore oil exploration rights,
+the China Daily has reported.
+    It quoted a spokesman for the China National Offshore Oil
+Corp (CNOOC) as saying China signed eight contracts with 15
+foreign firms for blocks in the Pearl River mouth and south
+Yellow Sea covering a total area of 44,913 sq km.
+    Second round bidding began at the end of 1984 and only one
+well has so far produced results -- Lufeng 13-1-1, 250 km
+south-east of Shenzhen, with an output of 6,770 barrels a day.
+The well was drilled by a group of Japanese companies.
+    The spokesman added CNOOC was ready to enter into contracts
+for offshore blocks before third round bidding began. He did
+not say when this would be, but added the contracts would not
+be bound by restrictions imposed during the second round.
+    China has signed 36 oil contracts and agreements with 37
+companies from 10 countries since 1979, when offshore
+exploration was open to foreigners. Eleven contracts were
+terminated after no oil was discovered.
+    Foreign firms have invested 2.1 billion dlrs on offshore
+China since 1979.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8955" NEWID="4042">
+<DATE>11-MAR-1987 22:42:47.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0046&#31;reute
+b f BC-JAPAN-RELAXES-RULES-O   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN RELAXES RULES ON SECURITIES COMPANY OUTLETS</TITLE>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>Japan has relaxed its limit on the
+establishment of securities company outlets in order to service
+a growing number of individual investors, the Finance Ministry
+said.
+    Japanese securities companies can now set up as many as 21
+new outlets in the two years before March 31, 1989, against the
+previous maximum of 13.
+    The rules apply to outlets in department stores,
+supermarkets and other locations convenient for individuals.
+    Foreign securities firms are not affected by the ruling, it
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8956" NEWID="4043">
+<DATE>11-MAR-1987 22:56:45.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0048&#31;reute
+u f BC-AMC-IMPOSES-HIRING-FR   03-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMC IMPOSES HIRING FREEZE DUE TO TAKEOVER BID</TITLE>
+<DATELINE>    DETROIT, March 11 - </DATELINE><BODY>American Motors Corp &lt;AMO> management
+has ordered a hiring freeze in view of Chrysler Corp's &lt;C> 1.5
+billion dlr takeover bid, a spokesman for AMC said.
+    Analysts said the merger is virtually certain to go ahead.
+    American Motors directors met for five hours Wednesday to
+review the takeover proposal. "The board ... Expects to be
+meeting periodically over the next several weeks on the
+Chrysler proposal," AMC said in its first formal statement since
+it acknowledged the Chrysler proposal on Monday.
+    Chrysler, the number three U.S. Automaker, has said the
+merger is motivated principally by its desire to acquire AMC's
+profitable Jeep business and dealers, as well as a new modern
+car assembly plant in Bramalea, Ontario.
+    That means a guaranteed future for much of AMC, but it
+leaves in question the fate of many of its 19,000-plus
+employees, according to industry analysts. AMC's Toledo, Ohio
+Jeep plant has 1,850 hourly workers on indefinite layoff while
+its Kenosha, Wisconsin, car plant has another 2,250 on layoff.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8957" NEWID="4044">
+<DATE>11-MAR-1987 22:57:31.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0050&#31;reute
+u f BC-ROTHMANS-CLOSE-TO-JOI   03-11 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTHMANS CLOSE TO JOINT VENTURE IN CHINA</TITLE>
+<DATELINE>    PEKING, March 12 - </DATELINE><BODY>Rothmans International plc &lt;ROT.L> aims
+to set up a joint venture with Jinan cigarette factory in
+Shandong, China to produce high quality cigarettes, some for
+export, Chinese newspapers said.
+    The China Daily said the factory has produced high-quality
+"General" brand cigarettes using advanced machinery and technical
+assistance worth 2.5 mln dlrs donated by Rothmans under a
+co-operation agreement signed in 1985.
+    The Economic Daily newspaper said the high quality "General"
+will help China's cigarettes enter the international market.
+The two papers gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8958" NEWID="4045">
+<DATE>11-MAR-1987 23:00:56.20</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0052&#31;reute
+u f BC-FOREIGN-INVESTMENT-IN   03-11 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREIGN INVESTMENT IN AUSTRALIA JUMPS IN LAST QTR</TITLE>
+<DATELINE>    CANBERRA, March 12 - </DATELINE><BODY>The net inflow of foreign investment
+into Australia jumped to 7.3 billion dlrs in the fourth quarter
+of 1986 from 4.32 billion in the third quarter and 4.55 billion
+a year earlier, the Statistics Bureau said.
+    The Bureau attributed the increase to a turnaround of 2.08
+billion dlrs in official sector transactions and a 1.09 billion
+turnaround in direct investment.
+    The turnaround in official transactions to a 1.52 billion
+inflow from a 555 mln outflow in the third quarter, against a
+520 mln inflow a year earlier, was largely on account of
+government foreign currency borrowings, it said.
+    Direct investment recorded a turnaround to a 1.04 billion
+dlr inflow in the fourth quarter from a 57 mln withdrawal in
+the third quarter, against a 546 mln inflow in the fourth
+quarter of 1985, the Bureau said.
+    It said the major part of the turnaround reflected an
+injection of funds, estimated at around 700 mln dlrs,
+associated with the previously reported restructuring of the
+Australian operations of General Motors Corp &lt;GM>.
+    GM used the funds to pay out or take over certain
+Australian liabilities of its local unit &lt;General
+Motors-Holden's Ltd>, it said.
+    However, net borrowings remained the major part of total
+inflow, accounting for 6.16 billion dlrs in the fourth quarter
+against 3.88 billion in the third quarter and 4.03 billion a
+year earlier, the Bureau said.
+    Net official borrowings comprised 1.52 billion dlrs against
+a net outflow of 548 mln in the third quarter and a 516 mln
+inflow a year earlier.
+    Total private and semi-public authority net borrowings rose
+to 4.64 billion dlrs from 4.42 billion in the third quarter and
+3.51 billion a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8959" NEWID="4046">
+<DATE>11-MAR-1987 23:06:27.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0055&#31;reute
+u f BC-MOSCOW-CARRIES-OUT-NU   03-11 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOSCOW CARRIES OUT NUCLEAR TEST</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The Soviet Union carried out a nuclear
+test early today, the official Tass news agency reported.
+    According to the report, monitored by the British
+Broadcasting Corporation, the explosion was at 0200 gmt.
+    A blast on February 26 ended a 19-month unilateral test
+moratorium declared by the Soviet Union. Moscow blamed the end
+of the freeze on U.S. Refusal to join a total test ban.
+    Tass said the latest explosion, with a power of up to 20
+kilotonnes, had "the aim of improving military equipment."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8960" NEWID="4047">
+<DATE>11-MAR-1987 23:06:44.14</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0058&#31;reute
+u f BC-TAIWAN'S-FIRST-QUARTE   03-11 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN'S FIRST QUARTER MAIZE IMPORTS SEEN RISING</TITLE>
+<DATELINE>    TAIPEI, March 12 - </DATELINE><BODY>Taiwan's maize import commitments are
+expected to rise to 970,000 tonnes in the first four months of
+1987 from 870,000 tonnes a year earlier, a spokesman for the
+Joint Committee of Maize Importers told Reuters.
+    He said more than 75 pct of the imports come from the U.S.
+And the rest from South Africa.
+    The maize import target for calendar 1987 is set at well
+over 3.4 mln tonnes compared with an actual 3.07 mln in 1985,
+he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8961" NEWID="4048">
+<DATE>11-MAR-1987 23:46:55.84</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0077&#31;reute
+u f BC-TAIWAN-FURTHER-RELAXE   03-11 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN FURTHER RELAXES FOREIGN GOODS IMPORT CURBS</TITLE>
+<DATELINE>    TAIPEI, March 12 - </DATELINE><BODY>Taiwan said it would soon relax import
+controls on some 400 foreign items, including stationery and
+books, in a further effort to allow trading partners,
+especially the U.S., Greater access to its markets.
+    Taiwan announced the easing of import curbs on some 600
+farm and industrial products last month, a Council for Economic
+Planning and Development spokesman told Reuters.
+    He said the new move was intended to balance trade between
+Taiwan and its trading partners. The island's trade surplus
+reached a record 15.6 billion U.S. Dlrs last year, up from
+10.62 billion in 1985.
+    In January, Taiwan cut import tariffs on some 1,700 foreign
+products and allowed imports of U.S. Wine, beer and cigarettes.
+    "We hope the measures will help reduce our trade surplus
+this year, especially with that of the U.S.," the spokesman
+said.
+    Washington is pressing Taiwan to open its markets wider as
+a way of cutting its trade deficit with the island, which rose
+to 2.35 billion U.S. Dlrs in the first two months of 1987 from
+1.87 billion in the year-earlier period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8962" NEWID="4049">
+<DATE>12-MAR-1987 00:06:25.87</DATE>
+<TOPICS><D>ship</D><D>iron-steel</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0081&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-12 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - MITSUBISHI HEAVY FIGHTS BACK</TITLE>
+<AUTHOR>    By Fumiko Fujisaki, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>International efforts to redirect Japan's
+export-driven economy toward domestic consumption face heavy
+going if the country's largest defence contractor and world's
+biggest shipbuilder is anything to go by.
+    Mitsubishi Heavy Industries Ltd &lt;MITH.T> (MHI), which began
+making ships and iron goods for Japan's military rulers 130
+years ago, is responding to the strong yen by redoubling its
+efforts to maintain its share of export markets.
+    "If we sell the best quality and the cheapest products,
+everyone will buy them," MHI president Yotaro Iida said.
+    Although two of MHI's main businesses, shipbuilding and
+power plant construction, have been hit hard by the yen's 40
+pct rise against the dollar, the company has no plans to
+abandon them, Iida told Reuters in an interview.
+    Its other big activity, aircraft component manufacture, has
+performed so well that MHI now accounts for half of the money
+Tokyo spends on defence procurement each year.
+    "We have made the utmost efforts among the world's
+manufacturers to improve productivity," he said. "You may be
+surprised if you come to see our plants. The outside is old but
+the inside is ultra-modern, with robots and computers."
+    Securities analysts at major securities houses agreed that
+MHI has pared costs more quickly than its competitors. The
+company has slashed its workforce to 47,000 from 86,000 in
+1976.
+    Despite its cost-cutting, MHI expects profits to drop 40
+pct to 30 billion yen in the current fiscal year ending March
+31, from 1985/86's record 50.14 billion.
+    And that includes gains from the sale of MHI's stake in
+Mitsubishi Motors Corp &lt;MIMT.T> for 49 billion yen.
+    Iida is optimistic about the future, however. He said a
+resurgence of demand from the Middle East following the recent
+recovery in oil prices coupled with persistent demand for power
+plants in developing countries will help MHI restore its
+exports-to-sales ratio to the past decade's average of 30 pct.
+    MHI's exports-to-sales ratio fell to 25.9 pct in the
+half-year ended last September, from 35 to 36 pct five years
+ago.
+    China is the most promising market, although MHI also
+considers other non-oil-producing developing countries as major
+customers.
+    "Our customers are all seen as being in trouble due to a
+lack of foreign currency," Iida said. But he added that he felt
+MHI could sell to those markets with Japanese government
+financial support.
+    It can also finance the plants itself and recover its
+investment through product sales, a strategy Iida said could
+prove popular in the future.
+    In shipping, MHI is fighting back against low-priced South
+Korean competition by building more technologically advanced
+carriers to carry liquefied natural gas and other products
+difficult to transport.
+    Shipbuilders Association officials told Reuters MHI is the
+world's largest shipbuilder in terms of orders and capacity.
+    Domestically, MHI is involved in 12 national projects,
+including development of nuclear fusion reactors and launch
+vehicles for man-made satellites.
+    It has been the biggest contractor for the Japan Defence
+Agency's F-15 and F-14 jet fighters and missiles, although all
+of these have been built under licence from U.S. Firms.
+    MHI is now heading up five Japanese companies seeking to
+develop the country's own fighter plane to replace the
+currently used F-1 support fighters in the late 1990s.
+    Military experts said Washington is putting strong pressure
+on Tokyo to buy a U.S. Plane, either the McDonnell Douglas Corp
+F-18 or General Dynamics Corp F-16, to reduce Japan's huge
+trade surplus with the U.S.
+    "It might be a good idea to jointly produce planes with U.S.
+Makers as Japan is supported by the U.S. Defence umbrella," Iida
+said.
+    MHI also plans to cooperate with the U.S. In its Strategic
+Defence Initiative space defence program by participating in
+the project when it moves from the research stage, he said.
+    The U.S. Has been seeking Japan's technological support.
+    In fiscal 1985/86, aircraft accounted for 17.1 pct of MHI's
+sales, shipbuilding 17 pct and power plants 27.9 pct. Iida said
+the ideal ratio is power plants 30 pct, aircraft and special
+vehicles 25 pct and shipbuilding 15 pct.
+    As for the remaining 30 pct, Iida said he wanted to shift
+the domestic focus away from heavy machinery sold to
+manufacturers and towards household goods, but he declined to
+specify which products.
+    "By the end of this year, you may find our brand name on
+your daily products, although this does not mean we will run
+away from our mainstream business," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8963" NEWID="4050">
+<DATE>12-MAR-1987 00:37:11.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0096&#31;reute
+u f BC-JAPANESE-BANKRUPTCIES   03-12 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE BANKRUPTCIES DECLINE IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>Japan's corporate bankruptcies in
+February fell 10.8 pct from January to 1,071 cases and total
+debts dropped 49.4 pct to 149.40 billion yen, the Tokyo
+Commerce and Industry Research Co said.
+    February bankruptcies fell 14.9 pct from a year earlier,
+the 26th straight monthly decline, and debts fell 54.3 pct.
+    The lower number of bankruptcies in February reflected a
+relaxation of money market conditions and reduced bill
+settlements due to fewer operating days, it said.
+    Bankruptcies caused by the strength of the yen against the
+dollar totalled 69, or 6.4 pct of those in February, with debts
+of 25.52 billion yen, the research firm said.
+    This compared with 64 with debts of 125.59 billion yen in
+January, it said.
+    Currency-linked bankruptcies since November 1985, when the
+dollar's depreciation against the yen began to affect Japanese
+export-linked firms, totalled 772, with cumulative debts of
+660.53 billion yen, it said.
+    The value of the yen against the dollar rose to an average
+153.49 yen per dollar in February from 184.62 a year earlier.
+    Bankruptcies usually decline in the first quarter of the
+year due to fewer operating days and for seasonal reasons.
+    Bankruptcies are expected to increase in the quarter
+starting April 1 due to expectations of slow consumer spending,
+low wage increases for the 1987/88 fiscal year which starts in
+April, and slow capital spending by manufacturers, the company
+said.
+    Bankrupcties among export-linked subcontractors will rise
+due to a recent shift by major manufacturers to overseas
+production, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8964" NEWID="4051">
+<DATE>12-MAR-1987 00:55:57.87</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0108&#31;reute
+u f BC-BANGLADESH-PORT-WORKE   03-12 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH PORT WORKERS END STRIKE</TITLE>
+<DATELINE>    CHITTAGONG, March 12 - </DATELINE><BODY>Cargo handling resumed at
+Bangladesh's Chittagong port today after 7,000 workers ended
+their three day walk-out triggered by a pay dispute, port
+officials said.
+    Loading and unloading of 14 ships stranded by the strike
+started this morning and will be completed as quickly as
+possible, they said.
+    The strikers returned to work after an agreement was
+reached last night between port authorities and the Port
+Workers Association, they said without giving details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8965" NEWID="4052">
+<DATE>12-MAR-1987 01:01:34.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>leigh-pemberton</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0111&#31;reute
+u f BC-LEIGH-PEMBERTON-OPPOS   03-12 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEIGH-PEMBERTON OPPOSES TAKEOVER PROTECTION RULES</TITLE>
+<DATELINE>   LONDON, March 11 - </DATELINE><BODY>The Bank of England does not favour the
+introduction of rules to shield companies from hostile takeover
+attempts, its governor, Robin Leigh-Pemberton, said.
+    Instead, merchant banks advising bidding companies must
+show restraint and responsibility to avoid the excesses that
+have marred recent takeovers, he told the Yorkshire and
+Humberside Regional Confederation of British Industries' annual
+dinner.
+    Leigh-Pemberton also called on companies to improve ties
+with institutional investors, suggesting representatives of
+those institutions be granted seats on the boards of directors
+of companies they invest in.
+    "Boards cannot expect protection from unwelcome predators,
+for that is but a short step from saying that they should be
+protected from their own shareholders -- who are, after all,
+the proprietors of the company," Leigh-Pemberton said.
+    He added takeovers and mergers had an important role to
+play in furthering economies of scale, integration and more
+efficient market penetration. "The degree of success or failure
+(of a takeover) has not in my experience depended on whether or
+not the takeover was contested," he said.
+    Leigh-Pemberton noted there had been excesses in takeover
+activity in the recent past. "The aim is to pressurise a
+company's management into action dedicated solely to a
+favourable impact on the share price in the short-term, partly
+or even primarily at the expense of the future," he said.
+    Such bids "often depend for their success on creating a
+highly-charged and artificial situation in the share market,
+and give rise to temptations, on both sides of the battle, to
+engage in aggressive, even manipulative tactics that are
+immensely damaging to the interest of the shareholders," he
+said.
+    In a clear reference recent events, he said "those in the
+City who act for companies or individuals .. Must, I suggest,
+be ready to accept a full measure of responsibility -- even if
+it entails opprobrium -- for the transactions that may result."
+    They "should exercise the most careful judgment at the
+outset with respect to the clients for whom they act and the
+activities contenplated. Those who sow wind cannot expect the
+whirlwind to visit elsewhere," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8966" NEWID="4053">
+<DATE>12-MAR-1987 01:26:07.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0117&#31;reute
+f f BC-Tokyo-stock-index-ris   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo stock index rises 157.20 to third straight record close of 21,470.20
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8967" NEWID="4054">
+<DATE>12-MAR-1987 01:45:37.55</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0125&#31;reute
+u f BC-TONEN-SEKIYU-AND-EXXO   03-12 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TONEN SEKIYU AND EXXON UNIT STUDYING RESIN PROJECT</TITLE>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>&lt;Tonen Sekiyukagaku KK> and &lt;Exxon
+Chemical Co>, a petrochemical division of Exxon Corp &lt;XON>,
+said they agreed to accelerate a study to set up an
+equally-owned joint venture to make waterwhite resin in Japan.
+    Details of the venture, to be based on Exxon Chemical
+technology, will be set later, the companies said.
+    Waterwhite resins are widely used in adhesive applications
+for baby nappies, medical tapes, and other bonding agents.
+    Tonen is a wholly-owned subsidiary of Toa Nenryo Kogyo KK
+&lt;TNEN.T> which is owned 25 pct by Exxon Corp.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8968" NEWID="4055">
+<DATE>12-MAR-1987 02:20:30.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0138&#31;reute
+b f BC-JAPANESE-PURCHASE-OF   03-12 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE PURCHASE OF U.S. HIGH-TECH FIRM OPPOSED</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+has asked the White House to consider blocking the planned
+Japanese acquisition of a major U.S. Computer and semiconductor
+maker, U.S. Officials said yesterday.
+    The officials told reporters Baldrige had serious concerns
+on national security grounds about the sale of Schlumberger Ltd
+&lt;SLB> unit &lt;Fairchild Semiconductor Inc> to Fujitsu Ltd
+&lt;ITSU.T>. The officials said the sale could leave the United
+States overly dependent on a foreign company for equipment used
+in advanced missiles, aircraft electronics and intelligence
+gathering.
+    The U.S. Officials added the sale would also worsen the
+strained relations between the two countries stemming from the
+huge Japanese trade surplus.
+    The White House Economic Policy Council would consider the
+sale in the coming weeks, they said.
+    Defence Secretary Caspar Weinberger's position was not
+known, but in the past, he has opposed the transfer of high
+technology to foreign governments or companies.
+    Computers made by U.S. Manufacturers are widely used in the
+world, but Tokyo told U.S. Negotiators recently it prefers
+local manufacturers and would not buy U.S. Supercomputers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8969" NEWID="4056">
+<DATE>12-MAR-1987 02:53:25.14</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0166&#31;reute
+u f BC-S.KOREA-TO-BUY-MORE-C   03-12 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S.KOREA TO BUY MORE COTTON, ESPECIALLY U.S. COTTON</TITLE>
+<DATELINE>    SEOUL, March 12 - </DATELINE><BODY>South Korea plans to import about 387,000
+tonnes of cotton this year compared to 225,000 tonnes in 1986,
+trade ministry officials said.
+    More than three quarters of the total, some 290,000 tonnes,
+will come from the United States. That will be a 93.7 pct
+increase on 1986 when U.S. Imports totalled 150,000 tonnes, an
+official said.
+    He said the U.S. Increase is due partly to the
+competitiveness of American cotton and partly to efforts by
+Seoul to reduce its trade surplus with Washington. South Korea
+is the second largest importer of U.S. Cotton after Japan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8970" NEWID="4057">
+<DATE>12-MAR-1987 02:55:47.22</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0169&#31;reute
+u f BC-AWB-SAYS-AUSTRALIAN-W   03-12 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AWB SAYS AUSTRALIAN WHEAT SALES OVER 10 MLN TONNES</TITLE>
+<DATELINE>    MELBOURNE, March 12 - </DATELINE><BODY>The Australian Wheat Board's (AWB)
+1986/87 export program is well advanced with over 10 mln tonnes
+already sold, AWB general manager Ron Paice said.
+    "We are certainly within reach of our 15 mln tonne export
+target for the year," he said in a statement.
+    He did not detail the commitments already made, but an AWB
+spokesman said they include sales to Egypt, China, Iran, the
+Soviet Union and Iraq.
+    In the 1985/86 wheat year ended September 30, the AWB
+exported a record 15.96 mln tonnes.
+    Paice also said the 1986/87 Australian wheat harvest has
+ended after a long, cool summer with 15.14 mln tonnes delivered
+to the AWB.
+    The season produced another good crop, with only 0.2 pct of
+receivals being downgraded to feed quality, he said.
+    However, it is likely that some weather-damaged grain was
+still being held on farms and further milling and feed wheat
+may be delivered following the recent announcement of the final
+Guaranteed Minimum Price for 1986/87, he said.
+    Paice did not give a crop estimate, but the AWB's February
+Wheat Australia publication put the crop at 16.7 mln tonnes.
+    But the AWB spokesman said it is likely this estimate could
+turn out to be too high, based on the receivals level, and the
+final crop figure would probably be nearer to 16.2 mln tonnes.
+The official estimate is not yet available.
+    In the 1985/86 season, the AWB received 15.08 mln tonnes of
+the 16.13 mln tonne crop.
+    Another 422,000 tonnes was retained on-farm and 620,000
+sold under the permit system introduced in 1984/85 to allow
+farmers to sell feed wheat to the grain trade outside the AWB's
+receival system, according to Bureau of Agricultural Economics
+data.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8971" NEWID="4058">
+<DATE>12-MAR-1987 03:05:34.83</DATE>
+<TOPICS><D>acq</D><D>gold</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0179&#31;reute
+u f BC-NORTH-BH-SETS-ONE-FOR   03-12 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH BH SETS ONE-FOR-FIVE OFFER FOR NORGOLD FLOAT</TITLE>
+<DATELINE>    MELBOURNE, March 12 - </DATELINE><BODY>North Broken Hill Holdings Ltd
+&lt;NBHA.ME> (NBH) said it will offer one &lt;Norgold Ltd> share for
+every five NBH shares in the float of its newly created gold
+offshoot.
+    The 20 cent par-value shares will be offered at 22 cents to
+shareholders registered April 3, NBH said in a statement.
+    Norgold's issued capital will be 240.5 mln shares, of which
+63 pct will be held by NBH after 89 mln are issued to
+shareholders to raise 19.6 mln dlrs, it said.
+    Norgold will take control of a portfolio of precious metal
+exploration and pre-development interests held by NBH.
+    The major gold deposit to be acquired by Norgold is 100 pct
+of the Bottle Creek deposit, west of Leonora in Western
+Australia, NBH said.
+    Production of gold from the project, at an annual rate of
+35,000 ounces, is scheduled to begin early in 1988.
+    Norgold will also have a 10 pct stake in the Coronation
+Hill gold/platinum project in the Northern Territory and 43 pct
+of the Poona copper/gold project in South Australia.
+    Other gold exploration interests to be acquired by Norgold
+are in Western Australia, Queensland, New South Wales and
+Tasmania, NBH said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8972" NEWID="4059">
+<DATE>12-MAR-1987 03:13:36.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0193&#31;reute
+u f BC-CONVERTIBLE-YEN-BOND   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONVERTIBLE YEN BOND BROKERAGE FEE MAY BE CUT</TITLE>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>The Tokyo Stock Exchange said in a
+statement it is considering reducing brokerage fees on yen
+convertible bonds.
+    The cut would be in response to a planned increase in
+securities transaction tax to 26 yen per 10,000 yen from 4.5 as
+part of the government's proposed tax reform bills, securities
+house managers said.
+    Under the current system, investors must also pay 0.6 pct
+of face value as brokerage fee to securities houses for
+transactions involving principal over 30 mln yen.
+    The exchange's draft revision sets brokerage fee percentage
+rates in inverse proportion to the size of amounts transacted,
+market sources said.
+    Details of rates on transactions under 30 mln yen have yet
+to be worked out, an exchange spokesman said.
+    The news had little immediate impact on the convertible
+bond market because participants are unsure when the new rates
+will be introduced and because the timing of parliamentary
+approval of the tax reform bills is uncertain due to opposition
+to them, securities dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8973" NEWID="4060">
+<DATE>12-MAR-1987 03:15:32.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0199&#31;reute
+u f BC-JAPAN'S-OVERSEAS-OUTP   03-12 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S OVERSEAS OUTPUT FORECAST TO RISE 26 PCT</TITLE>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>The overseas production in yen terms of
+Japanese firms should rise 26 pct in 1987/88 ending March after
+a four pct fall in 1986/87, a Ministry of International Trade
+and Industry survey said.
+    It attributed the rise to companies moving production
+overseas to avoid losses due to the strong yen. The survey
+covered 122 major firms in 17 sectors.
+    The survey called for bold moves to stimulate domestic
+demand to achieve the government's goal of 3.5 pct gross
+national product growth in 1987/88. A package of economic
+measures to boost the economy is expected next month.
+    The survey said Japanese car output in the United States
+and Canada would jump to two mln vehicles in fiscal 1990 from
+617,000 in 1986 and worldwide electronic appliance output would
+rise 31.7 pct. Domestic unemployment is likely to reach four
+pct, or about 2.5 mln jobless, in fiscal 1990 from three pct
+now if current trends continue.
+    Recruitment in the car industry is expected to fall by 35
+pct in 1987/88 and by 40 pct in the electronics sector.
+    The steel industry plans to cut its 150,000 workforce by 27
+pct by the end of 1990/91 and the shipbuilding, coal and
+non-ferrous metal industries all plan big cuts in 1987/88.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8974" NEWID="4061">
+<DATE>12-MAR-1987 03:24:08.77</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0205&#31;reute
+u f BC-STRIKING-BRAZIL-SEAME   03-12 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRIKING BRAZIL SEAMEN THREATEN MASS RESIGNATION</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SANTOS, Brazil, March 12 - </DATELINE><BODY>Striking seamen said they would
+offer their collective resignation rather than end their
+13-day-old national strike on management's terms.
+    The seamen said they were spurred to their decision after
+marines occupied the ship Docemarte in Santos harbour Tuesday
+night. They said seamen on the vessel were being forced to work
+under duress.
+    President Jose Sarney's government despatched troops to
+Brazil's ports and oil installations on Tuesday.
+    Seamen in Santos, Brazil's main port, are in defiant mood.
+One of their leaders, Orlando dos Santos, told Reuters that
+most of the 1,100 seamen in the port offered their resignations
+on Wednesday. The national strike headquarters in Rio de
+Janeiro said seamen were offering to resign in all the
+country's main ports.
+    The strike by 40,000 seamen comes as Brazil faces a serious
+debt crisis brought on by a sharp deterioration in its trade
+balance. The country needs all the foreign exchange it can get,
+and shipowners have been quick to denounce seamen for the harm
+the strike is doing to exports.
+    An advertisement placed in the newspapers by the Shipowners
+Association read, "The seamen's strike is illegal, irrational
+and unpatriotic."
+    The seamen respond that they cannot live on their present
+salaries. According to officical pay lists available in the
+union's office, the basic pay for ordinary seamen is 1,977
+cruzados a month, while various allowances can bring their
+total pay up to 4,000 cruzados a month.
+    At the other end of the scale, captains earn 7,993 cruzados
+a month basic pay, which is brought up to 15,229 cruzados with
+allowances. 
+    "Brazil's seamen are the second worst paid in the world,
+after Ghana's," dos Santos said. He said the seamen had not
+received a pay increase since February 1986, and prices have
+doubled since then with the collapse of the government's
+Cruzado Plan price freeze.
+    Talks in Rio de Janeiro Wednesday involving Labour Minister
+Almir Pazzionotto, seamen and employers failed to resolve the
+dispute. The seamen are demanding pay raises of about 200 pct
+but have been offered less than half that.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8975" NEWID="4062">
+<DATE>12-MAR-1987 03:29:02.58</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0214&#31;reute
+f f BC-******   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German net currency reserves rise 400 mln marks to 87.0 billion - Bundesbank
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8976" NEWID="4063">
+<DATE>12-MAR-1987 03:33:11.39</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0220&#31;reute
+b f BC-INDONESIAN-COFFEE-PRO   03-12 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN COFFEE PRODUCTION MAY FALL THIS YEAR</TITLE>
+<DATELINE>    JAKARTA, March 12 - </DATELINE><BODY>Indonesia's coffee production in
+1986/87 ending September 30 may fall slightly from last year's
+level of 360,000 tonnes, Dharyono Kertosastro, chairman of the
+Association of Indonesian Coffee Exporters told Reuters.
+    He said shade trees had been damaged by pests and this may
+have affected the crop, though it remains to be seen how
+seriously. Indonesia's main crop is harvested next month.
+    He gave no figure for expected output, except to say it
+would probably be down a little from 1985/86. He said stocks
+were about normal at 90,000 tonnes.
+    Kertosastro predicted that exports were unlikely to rise
+much from last year's level of 320,000 tonnes. "I expect exports
+will be a bit more, maybe 330,000 tonnes, but not above that,"
+he said. Exports in 1985/86 were valued at 944 mln U.S. Dlrs,
+but the value could fall by 30 pct this year because of low
+prices, he added.
+    Dharyono said production was behind a five year plan target
+of 420,000 tonnes for the current year, but Indonesia is trying
+to boost output through introduction of higher yielding seeds,
+better training for farmers and increased use of fertilizers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8977" NEWID="4064">
+<DATE>12-MAR-1987 03:35:55.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0224&#31;reute
+b f BC-RENOUF-SELLS-10.83-PC   03-12 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENOUF SELLS 10.83 PCT NZI STAKE TO BRIERLEY</TITLE>
+<DATELINE>    WELLINGTON, March 12 - </DATELINE><BODY>&lt;Renouf Corp Ltd> said it sold its
+10.83 pct stake in &lt;NZI Corp Ltd> to &lt;Brierley Investments
+Ltd>, (BIL), for 207.7 mln N.Z. Dlrs.
+    Renouf managing director Mike Cashin said in a statement it
+had been Renouf's intention to build up a long-term strategic
+position in NZI. "But it became clear to us that it was in the
+best interests of both NZI and ourselves for Brierley
+Investments to acquire our holding," he said.
+    He said Renouf built up its NZI holding over the past six
+months. The sale comprised 74.9 mln shares at 2.725 N.Z. Dlrs a
+share and 2,095 warrants at 1,709 dlrs each.
+    The warrants are attached to a 150 mln Swiss franc note
+issue. Each bond of 5,000 francs carries a detachable warrant
+entitling the bearer to 2,486 NZI shares.
+    In its 1986 annual report BIL reported that it held a 19
+pct stake in NZI.
+    NZI has 673.4 mln ordinary shares on issue. Total capital
+including shares attached to warrants is 678.8 mln shares.
+    Cashin said the sale will result in a significant profit
+and places Renouf in a good position to consolidate on recent
+transactions and pursue other opportunities.
+    NZI shares were at 2.18 N.Z. Dlrs, BIL at 4.08 and Renouf
+at 6.15 at the close of trading.
+    BIL executives were unavailable for comment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8978" NEWID="4065">
+<DATE>12-MAR-1987 03:41:22.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0234&#31;reute
+u f BC-BOLIDEN--AB-&lt;BLDS-ST>   03-12 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIDEN  AB &lt;BLDS ST> 1986 RESULTS</TITLE>
+<DATELINE>    STOCKHOLM, Mar 12 -
+    </DATELINE><BODY>Group loss after financial income and expenses 1.08
+    Billion vs loss 71 mln crowns
+    Sales - 12.38 billion crowns vs 6.16 billion.
+    No proposed dividend vs 10 crowns.
+    Note - The company this year consolidated wholesale and
+investment conglomerate Ahlsell AB.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8979" NEWID="4066">
+<DATE>12-MAR-1987 03:43:21.65</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0237&#31;reute
+r f BC-BRITAIN-TO-MINT-NEW-"   03-12 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN TO MINT NEW "BRITANNIA" GOLD COIN</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Britain will from next autumn mint and
+market a new bullion coin called the "Britannia" containing one
+ounce of 24 carat gold, together with bullion coins of smaller
+denominations, a Treasury official said.
+    The new investment coin, to be sold worldwide, will
+fluctuate in price according to the international price of
+gold.
+    The smaller coins will be in denominations of a half ounce,
+a quarter ounce and a tenth of an ounce. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8980" NEWID="4067">
+<DATE>12-MAR-1987 03:46:15.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0242&#31;reute
+r f BC-SAUDI-BANKS-FACE-FURT   03-12 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI BANKS FACE FURTHER LEAN PERIOD</TITLE>
+<AUTHOR>    By Stephen Jukes, Reuters</AUTHOR>
+<DATELINE>    RIYADH, March 12 - </DATELINE><BODY>Saudi Arabia's 11 commercial banks are
+reporting a further decline in profits for 1986 as increasing
+provisions have to be set aside to cover the burden of non-
+performing loans.
+    Bankers in the Saudi capital said the need to build
+reserves for bad and doubtful debts may start to decline a
+little this year.
+    But the kingdom's still sluggish economy and legal problems
+hampering traditional lending operations mean earnings will
+remain vulnerable.
+    One senior bank credit officer said "The work is largely
+done in terms of identifying bad loans and making provisions,
+but banks are still going to face difficulties earning money."
+    The sudden decline of Saudi Arabia's corporate sector in
+1983 - culminating in a number of debt reschedulings - has
+taken a heavy toll of bank profits, with first results now
+appearing for 1986 showing a fourth successive year of broad
+decline.
+    The cumulative net 1985 earnings of the kingdom's banks had
+sunk to 827.9 mln riyals from 2.66 billion in 1982 before world
+oil prices tumbled.
+    Of the kingdom's nine joint-venture banks which operate on
+the Gregorian calendar year, four have already reported and
+revealed a further profits decline - or net loss - for 1986 at
+the expense of increased provisions.
+    The newest and smallest of the joint ventures, &lt;United Saudi
+Commercial Bank> (USCB) reported a 1986 net loss of 15.9 mln
+riyals, marginally less than 1985's shortfall of 17.0 mln.
+    Profits before provisions were sharply higher, in part
+reflecting an 18 pct staff cut last year. But the bank nearly
+trebled the amount set aside against bad and doubtful loans to
+60 mln riyals from 22 mln in 1985.
+    Other results released so far show &lt;Saudi American Bank>
+(SAMBA) reporting a 53.8 pct fall in 1986 net profit to 80.7
+mln riyals, while &lt;Al Bank Al Saudi Al Fransi>, known as Saudi
+French, slid 14 pct to 94.9 mln riyals.
+    Both Saudi American, owned 40 pct by Citicorp's &lt;CCI.N>
+Citibank NA and Saudi French, 40 pct owned by Banque Indosuez,
+increased provisions sharply.
+    &lt;Arab National Bank>'s net profit fell 17.8 pct to 152.1
+mln riyals and provisions were more than doubled to 86.6 mln
+riyals.
+    Bankers said there are first signs that the number of non-
+performing loans has stopped growing as the decline in the
+Saudi economy bottoms out.
+    Few are willing to predict a sharp upturn in economic
+activity, but one banker said "The top 50 pct of the Saudi banks
+are now at or close to international levels on provisions."
+    From 1982 to 1985, the kingdom's largest bank &lt;National
+Commercial Bank> (NCB) stashed away 1.7 billion riyals in
+provisions or 8.9 pct of its total loans and advances to the
+private sector, bankers calculated.
+    Between 1982 and 1985, &lt;Riyad Bank>, NCB's rival as the
+second biggest of the two all-Saudi shareholding banks, had
+covered 12.8 pct of its loans and advances. Both banks operate
+on an Islamic year that does not coincide with the other nine.
+    Although the Saudi Arabian Monetary Agency (SAMA) has been
+tightening supervision, there is still no standardised rule for
+declaring loans as non-performing.
+    Bankers say this makes comparison of profit figures
+difficult because some banks still book non-accruing interest
+as revenue while others follow more conservative practices in
+force in major world financial centres.
+    Bankers generally said NCB, Riyad Bank and the
+joint-ventures SAMBA, Saudi French and Arab National Bank rank
+as the strongest earners.
+    Other banks such as &lt;Saudi British Bank>, 40 pct owned by
+the &lt;British Bank of the Middle East>, are disadvantaged by a
+relatively low deposit base.
+    Saudi British slashed 1985 profit 91 pct to just 9.1 mln
+riyals and 1986 accounts due soon are expected to show another
+low figure. But the bank has traditionally been one of the most
+conservative in making provisions.
+    Bankers said SAMA has proved it is not prepared to see a
+Saudi bank go under and not only supported &lt;Saudi Cairo Bank>
+after its troubled 1985 accounts came to light but also made
+available cheap deposits to &lt;Saudi Investment Bank> and USCB.
+    The banks can on-lend these to generate profit, but
+generally banks are awash with liquidity since they are
+unwilling to risk incurring fresh non-performing loans.
+    And while banks in more liberal financial markets can
+attempt to diversify away from traditional lending,
+conservatism in Saudi banking has made it difficult to generate
+fee income from new investment banking products.
+    One banker said "Operating earnings in the Kingdom are not
+good."
+    Reflecting the caution in new lending, the amount of
+advances is showing a declining trend, while the days when
+banks had ample funds in interest-free current accounts to
+invest are disappearing as Saudi customers seek a better return
+on their money.
+    In 1979, the ratio of interest-bearing accounts to current
+accounts was 27 to 73 pct. Today, only about 40 pct of customer
+funds are held on current account.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8981" NEWID="4068">
+<DATE>12-MAR-1987 03:46:26.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0243&#31;reute
+b f BC-JAPAN-TO-SELL-200-BIL   03-12 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO SELL 200 BILLION YEN IN BILLS, TRADERS</TITLE>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>The Bank of Japan will sell tomorrow 200
+billion yen of financing bills under a 50-day repurchase
+agreement maturing on May 2, to help absorb a projected money
+market surplus due largely to distribution of local allocation
+tax ahead of the March 31 fiscal year-end, money traders said.
+    The yield on the bills for sales to banks and securities
+houses from money houses will be 3.9496 pct against the 3.9375
+pct discount rate for two-month commercial bills and the
+4.46/37 pct yield today on two-month certificates of deposit.
+    The operation will put outstanding bill supply at about
+1,500 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8982" NEWID="4069">
+<DATE>12-MAR-1987 03:50:55.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0248&#31;reute
+u f BC-GUINNESS-CHALLENGES-5   03-12 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUINNESS CHALLENGES 5.2 MLN STG PAYMENT TO LAWYER</TITLE>
+<DATELINE>    ST HELIER, Jersey, March 12 - </DATELINE><BODY>Guinness Plc &lt;GUIN.L> , the
+brewing group, has challenged a 5.2 mln stg payment to a U.S.
+Lawyer who says he organised its controversial takeover of
+Scotch whisky maker &lt;The Distillers Co Plc>.
+    But attorneys for lawyer Thomas Ward, a member of the
+Guinness board, told a court yesterday in the Channel Island of
+Jersey that Ward saw the payment as his reward for services in
+last year's 2.7 billion stg takeover.
+    Britain's Department of Trade and Industry is investigating
+the takeover.
+    Guinness says its former chairman Ernest Saunders and Ward
+"breached their fiduciary duty" in authorising the payment to
+Ward, via a Jersey-based company, Marketing and Acquisitions
+Consultants and has gone to the Jersey court to recover it.
+    MAC said in defence documents that Ward was the main
+negotiator in the battle for Distillers against rival bidder
+Argyll &lt;AYLL.L> Group Plc.
+    "The bid would not have been successful but for the ...
+Services of Mr Ward," MAC attorneys said in the documents
+submitted in court. "The payment was, in all the circumstances,
+reasonable, proper and fully earned."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8983" NEWID="4070">
+<DATE>12-MAR-1987 03:54:53.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0253&#31;reute
+u f BC-NEW-U.K.-POLL-SAYS-TO   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW U.K. POLL SAYS TORIES HAVE SIX-POINT LEAD</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Britain's ruling Conservatives have
+moved into a six-point lead over the main opposition Labour
+Party, a Marplan poll published in today's Guardian newspaper
+reports.
+    The Conservatives are shown with a 38 pct share of the vote
+against 32 pct for Labour and 27 pct for the centrist
+Social-Democratic/Liberal Alliance. Prime Minister Margaret
+Thatcher has until June, 1988 to call a general election, but
+most political analysts expect her to go to the country some
+time this year.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8984" NEWID="4071">
+<DATE>12-MAR-1987 03:57:03.02</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>indonesia</D><D>costa-rica</D><D>dominican-republic</D><D>honduras</D><D>ecuador</D><D>papua-new-guinea</D><D>peru</D><D>colombia</D><D>brazil</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0257&#31;reute
+u f BC-INDONESIA-PRESSING-FO   03-12 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA PRESSING FOR COMPROMISE OVER COFFEE</TITLE>
+<AUTHOR>    By Jeremy Clift, Reuters</AUTHOR>
+<DATELINE>    JAKARTA, March 12 - </DATELINE><BODY>Indonesian coffee exporters are
+preparing for a period of depressed prices while urging their
+government to lobby for a resolution of the deadlocked issue of
+export quotas, the chairman of the Association of Indonesian
+Coffee Exporters (AICE) told Reuters.
+    Dharyono Kertosastro said in an interview that Indonesia,
+the world's third largest producer, is trimming costs and
+improving its marketing while seeking a compromise on quotas.
+    "But as long as Brazil sticks to its hardline position, we
+can never bridge the gap," Dharyono said.
+    Indonesia was one of a group of eight producing countries,
+along with Costa Rica, the Dominican Republic, Ecuador,
+Honduras, India, Papua New Guinea and Peru, which proposed a
+new quota system at last month's failed International Coffee
+Organistion (ICO) talks in London.
+    Brazil, which would have had its quota reduced under the
+Group of Eight scheme, blocked the proposal.
+    AICE officials are now hoping Colombia can use its contacts
+with Brazil to suggest a compromise.
+    Edward Muda, an AICE official who attended the ICO
+negotiations, said Latin American members of the Group of Eight
+were in contact with Colombia, the world's second largest
+producer, but gave no details.
+    "Colombia has shown interest because they will gain from a
+compromise. Without one, they will suffer if the present market
+stays like it is," Muda said.
+    He said Indonesia was in contact with consumers such as the
+U.S., Japan, the Netherlands, West Germany and Canada ahead of
+an ICO executive board meeting scheduled for April 1.
+    Dharyono said the AICE will send delegations to the U.S.
+And Japan to brief Indonesian embassy officials there and press
+them to present Indonesia's case more firmly.
+    He urged the Indonesian government to do more to help the
+country's coffee traders through the ICO negotiations.
+    Muda said the Group of Eight had some common ground with
+the big consumers because they agreed on the need for basing
+quotas on what he termed "realistic criteria."
+    The breakaway group believes the old quota system, which
+gives Brazil a 30 pct share of the quota exports, does not
+reflect up-to-date supply and demand trends.
+    Brazil has stuck rigidly to its insistence that the old
+system be applied.
+    Export quotas were suspended in February 1986 when market
+prices surged because of the failure of the Brazilian crop.
+    Although prices have long since come down to a point where
+export controls could be reintroduced, producers and consumers
+at the 75-member ICO have not been able to agree on new
+guidelines. Brazil and the U.S., The largest consumer, are both
+refusing to alter their positions.
+    Dharyono said if new quotas are not agreed he believed
+Indonesia was well placed to survive low prices.
+    Indonesian farmers are trimming production costs and the
+AICE is improving its marketing system, Dharyono said.
+    Indonesia's coffee output in 1986/87, ending September 30,
+is expected to stagnate or fall slightly from last year's level
+of 360,000 tonnes, he said.
+    He said stocks, at 90,000 tonnes, were about average for
+the time of year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8985" NEWID="4072">
+<DATE>12-MAR-1987 03:58:55.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0262&#31;reute
+b f BC-GENENTECH-CONVERTIBLE   03-12 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENENTECH CONVERTIBLE BOND UPPED TO 150 MLN DLRS</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The convertible eurobond issue announced
+yesterday for Genentech Inc &lt;GENE.O> has been increased to a
+total of 150 mln dlrs from 100 mln, Credit Suisse First Boston
+Ltd (CSFB) said as lead manager.
+    The coupon has been set at five pct and conversion price at
+74 dlrs per share which represents a 23.85 pct premium over
+Genentech's stock closing level of 59.75 on the New York Stock
+Exchange last night.
+    Payment date has been brought forward to March 27 from
+March 30 and the bonds will mature on March 27, 2002.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8986" NEWID="4073">
+<DATE>12-MAR-1987 04:15:19.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0288&#31;reute
+b f BC-HYDRO-QUEBEC-ISSUES-C   03-12 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYDRO QUEBEC ISSUES CANADIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Hydro Quebec is issuing a 125 mln
+Canadian dlr bond due April 21, 1997 paying nine pct and priced
+at 100-3/4 pct, lead manager Merrill Lynch International said.
+    The bond is available in denominations of 1,000 and 5,000
+dlrs and will be listed in Luxembourg.
+    Fees comprise 1-1/4 pct selling concession and 3/8 pct each
+for management and underwriting. Pay date is April 21.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8987" NEWID="4074">
+<DATE>12-MAR-1987 04:21:57.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0294&#31;reute
+u f BC-JAPANESE-CORPORATE-EA   03-12 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE CORPORATE EARNINGS RECOVERY PREDICTED</TITLE>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>Japanese corporate earnings will rise 8.9
+pct in fiscal 1987/88 for the first year-on-year increase in
+three years, partly because of the yen's stable exchange rate,
+the Nomura research institute said.
+    Sales of all industries are predicted to rise 1.9 pct in
+the year, which starts April 1, the research arm of Nomura
+Securities Co said in a statement.
+    Recurrent profits were estimated to fall 20 pct in the
+current fiscal year with sales forecast to drop 14 pct.
+    The forecast assumes an average rate of 148.5 yen to the
+dollar in 1987/88, compared with 160 yen in the current year.
+    Corporate efforts to cope with the yen's appreciation, such
+as cutting production costs, are expected to bear fruit next
+fiscal year, the institute said. The economy should also
+benefit from pump-priming expected from the government and a
+halt in rising prices of manufactured goods, it said.
+    Recurrent profits of manufacturing industries are projected
+to rise 29.6 pct next fiscal year against an estimated 40.1 pct
+fall in the current year.
+    Non-manufacturing sector profits will decline 4.5 pct in
+1987/88 against an estimated 2.2 pct rise in the current year,
+it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8988" NEWID="4075">
+<DATE>12-MAR-1987 04:23:22.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0297&#31;reute
+u f BC-BOLIDEN-SAYS-RESULTS   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIDEN SAYS RESULTS BURDENED BY LOSS WRITEOFF</TITLE>
+<DATELINE>     STOCKHOLM, Mar 12 - </DATELINE><BODY>Swedish mining and metals group
+Boliden AB &lt;BLDS ST> forecast a return to profitability during
+1987 after recording a 1.08 billion crown 1986 loss burdened by
+a massive write-off.
+    The company, which consolidated the Swedish wholesale and
+investment conglomerate &lt;Ahlsell AB> this year, said the result
+included restructuring costs and write-offs of 802 mln crowns.
+    "These costs have arisen as a results of a change of
+direction for the group. They are mainly one-off but they have
+burdened the annual accounts," the company said in a statement.
+    Boliden said the company's liquid assets were 1.36 billion
+crowns at year-end which together with an investment portfolio
+of 1.60 billion made it one of the most liquid Swedish
+companies.
+    As a result of the 1986 losses, the board proposed
+cancelling dividend for the year although it predicted a return
+to profitability during 1987, the statement added.
+    Swedish tyres, process equipment and components firm
+&lt;Trelleborg AB> has taken a majority stake in Boliden since the
+beginning of this year. Trelleborg then said it had no plans
+for consolidating Boliden.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8989" NEWID="4076">
+<DATE>12-MAR-1987 04:27:16.27</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0299&#31;reute
+u f BC-TAIWAN-BUYS-27,000-TO   03-12 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN BUYS 27,000 TONNES OF U.S. SOYBEANS</TITLE>
+<DATELINE>    TAIPEI, March 12 - </DATELINE><BODY>The joint committee of Taiwan's soybean
+importers awarded a contract to Richco Grain Ltd of New York to
+supply a 27,000-tonne cargo of U.S. Soybeans, a committee
+spokesman told Reuters.
+    The shipment, priced at 210.34 U.S. Dlrs per tonne c and f
+Taiwan, is set for delivery between March 20 and April 5, he
+said.
+    Taiwan's soybeans imports in calendar 1987 are targetted at
+1.81 mln tonnes, against an actual 1.74 mln tonnes imported in
+1986, he said.
+    All the imports come from the U.S., He added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8990" NEWID="4077">
+<DATE>12-MAR-1987 04:30:21.97</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>sugar</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T G C
+&#22;&#22;&#1;f0301&#31;reute
+u f BC-CHINA-JANUARY-WHEAT/S   03-12 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA JANUARY WHEAT/SUGAR IMPORTS BELOW YEAR AGO</TITLE>
+<DATELINE>    PEKING, March 12 - </DATELINE><BODY>China's wheat imports in January were
+218,000 tonnes, down from 393,000 in January 1986, the China
+Daily Business Weekly said, quoting customs figures.
+    It said imports of sugar were 25,165 tonnes, down from
+54,000, but exports of rice rose to 71,144 tonnes from 20,000.
+It gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8991" NEWID="4078">
+<DATE>12-MAR-1987 04:31:00.79</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0303&#31;reute
+u f BC-FRENCH-1986-CURRENT-A   03-12 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH 1986 CURRENT ACCOUNT SURPLUS REVISED</TITLE>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>The French 1986 current account balance
+of payments surplus has been revised slightly upwards to 25.8
+billion francs from the 25.4 billion franc figure announced
+last month, the Finance Ministry said.
+    This compares with a 1.5 billion deficit in 1985, and while
+it is the first surplus since 1979, is substantially lower than
+the 50 billion surplus forecast by the previous socialist
+government before they lost office in March last year.
+    Net long-term capital outflows rose sharply to 70.5 billion
+francs last year from 8.8 billion in 1985, largely due to a
+major program of foreign debt repayment, the ministry said.
+    In the fourth quarter alone the unadjusted surplus rose to
+14.1 billion francs from 6.6 billion the previous quarter, but
+the adjusted surplus fell to 7.4 billion from 9.1 billion.
+    Fourth quarter medium and long-term foreign debt repayments
+exceeded new credits by 11 billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8992" NEWID="4079">
+<DATE>12-MAR-1987 04:34:21.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0311&#31;reute
+b f BC-SALOMON-RAISES-SIZE-O   03-12 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON RAISES SIZE OF CMO TO 350 MLN DLRS</TITLE>
+<DATELINE>    London, March 12 - </DATELINE><BODY>Salomon Brothers international inc said
+it has raised the size of its Collateralised Mortgage
+Obligation TRUST 23 to 350 mln dlrs from the 228 mln dlrs
+announced yesterday.
+    All other terms of the issue remain the same, Salomon said.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8993" NEWID="4080">
+<DATE>12-MAR-1987 04:39:07.73</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0315&#31;reute
+u f BC-MALAYSIA-OPTIMISTIC-O   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA OPTIMISTIC OVER ECONOMIC OUTLOOK FOR 1987</TITLE>
+<DATELINE>     KUALA LUMPUR, March 12 - </DATELINE><BODY>Malaysia's Central Bank, Bank
+Negara, said the economic outlook for 1987 is good in view of a
+marked improvement in commodity and oil prices in the later
+months of last year.
+    It said in its latest quarterly review that real gross
+domestic product averaged an annual growth of 1.1 pct over the
+first nine months of last year compared with a decline of 0.1
+pct in the corresponding period in 1985.
+    Growth was generated mainly by the manufacturing sector, it
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8994" NEWID="4081">
+<DATE>12-MAR-1987 04:57:54.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0345&#31;reute
+b f BC-ROWNTREE-REPORTS-PRET   03-12 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROWNTREE REPORTS PRETAX PROFIT AT 84 MLN STG</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Rowntree Mackintosh Plc &lt;RWNT.L>
+announced it made a pretax profit of 84 mln stg in the 53 weeks
+ending January 3, 1987, compared with 79.3 mln stg in the
+previous year.
+    Turnover was up to 1.29 billion stg from 1.2 billion. A
+final dividend of 9.2p was proposed, after a final 8.2p last
+year. Earnings per share rose to 35p from 34.8p.
+    The results were broadly in line with market expectations,
+leaving shares at 499p in early trading, up one pence from
+yesterday's close, but slightly off pre-announcement opening
+levels.
+    Profit on ordinary activities after tax was 66.2 mln stg,
+up from the previous year's 60.7 mln.
+    The U.K. Remained Rowntree's largest centre for trading
+profits, accounting for 47.9 mln stg, up from 45.3 mln in 1985.
+Profit from its second largest geographical area, North
+America, slipped to 34.7 mln stg from 37.2 mln. North American
+profits were affected by the fall of the value of the dollar.
+    Operations in continental Europe made 7.8 mln stg in
+trading profit, up from 3.4 mln, with 4.0 mln stg made in
+Australasia, up from 2.3 mln, and 11.3 mln stg from the rest of
+the world, against 13.1 mln in the previous year.
+    Extraordinary items amounted to a 11.3 mln debit after a
+16.5 mln debit previously. A company spokesman said this
+represented additional provisions for the cost of
+rationalisation plans announced in earlier years.
+    Rowntree expects North American operations will this year,
+ahead of company expectations, be of the same order as those
+from the U.K. And the rest of Europe combined, the statement
+said. A spokesman said no specific figures had been forecast.
+    Acquisitions will continue to be sought worldwide,
+including further moves in the speciality retailing business
+which Rowntree first entered in 1983, the statement said.
+    Rising profit from Europe this year was forecast by
+chairman Kenneth Dixon in a statement. He added the performance
+of seven businesses bought last year was encouraging.
+    The U.K. Confectionery side gained market share and
+increased trading margins. The Sun-Pat British grocery concern
+increased profit and Rowntree's small health food business,
+Holgates, raised earnings 10-fold, the statement said.
+    Offsetting factors included currency movements, which cost
+the company nearly 5.0 mln stg. Sales tax hurt Canadian profits
+on confectionery operations, and the company faced strong
+competition in the U.K. Snack and Mid East export markets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8995" NEWID="4082">
+<DATE>12-MAR-1987 04:58:20.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>douglas</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0347&#31;reute
+u f BC-N.Z.-BUDGET-DEFICIT-W   03-12 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. BUDGET DEFICIT WIDENS IN 10 MONTHS TO JANUARY</TITLE>
+<DATELINE>    WELLINGTON, March 12 - </DATELINE><BODY>New Zealand's budget deficit in the
+10 months to January widened to 4.37 billion N.Z. Dlrs from
+3.41 billion in the 10 months to January 1986, government
+figures show.
+    Revenue rose to 12.92 billion dlrs from 10.82 billion,
+while spending climbed to 17.28 billion from 14.24 billion.
+    Taking into account expenditure on major energy project
+debt totalling 2.28 billion, as against nothing in the earlier
+period, total net expenditure was 19.57 billion dlrs.
+    Finance Minister Roger Douglas said in a statement the
+deficit was on course for the year-end forecast.
+    Douglas said, "Net expenditure to this point in the year was
+about as we would have expected it to be, while revenue was
+slightly ahead of forecast."
+    He said, "Revenue before provisional tax flows is looking
+encouraging at this stage in the year."
+    But he said considerable uncertainty remains about the
+year-end revenue result, because of difficulty predicting the
+size of March tax collections.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8996" NEWID="4083">
+<DATE>12-MAR-1987 05:00:05.17</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D><D>soybean</D><D>sunseed</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0355&#31;reute
+r f BC-RISE-SEEN-IN-FRENCH-R   03-12 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RISE SEEN IN FRENCH RAPESEED, SOYBEAN SOWINGS</TITLE>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>France's Oilseed and Bean Cooperatives
+Federation, FFCOP, said it expected French rapeseed sowings for
+the 1987 harvest to rise by between 54.6 pct and 67.5 pct to
+between 600,000 and 650,000 hectares from 388,000 planted last
+year.
+    Its latest estimates also suggested a 66.7 pct rise in
+soybean sowings to 80,000 ha from 48,000 last year. Sunflower
+sowings were expected to increase by between 8.6 pct and 14.6
+pct from 829,000 ha. Pea sowings are estimated likely to rise
+27.7 pct to 350,000 ha against 274,000, while field bean
+sowings are forecast unchanged at 40,000.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8997" NEWID="4084">
+<DATE>12-MAR-1987 05:00:31.24</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0357&#31;reute
+u f BC-CHINA-TRADE-DEFICIT-F   03-12 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TRADE DEFICIT FALLS IN JANUARY</TITLE>
+<DATELINE>    PEKING, March 12 - </DATELINE><BODY>China's trade deficit in January fell to
+310 mln dlrs from 460 mln in January 1986, the China Daily
+Business Weekly said.
+    Quoting customs figures, the paper said exports fell to
+1.75 billion dlrs from 1.84 billion and imports fell to 2.06
+billion from 2.3 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8998" NEWID="4085">
+<DATE>12-MAR-1987 05:01:23.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0360&#31;reute
+b f BC-JACOBS-SUCHARD-AG-&lt;JA   03-12 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JACOBS SUCHARD AG &lt;JACZ.Z> 1986 YEAR</TITLE>
+<DATELINE>    ZURICH, March 12 -
+    </DATELINE><BODY>Net 190.9 mln Swiss francs vs 150.4 mln
+    Turnover 5.24 billion vs 5.38 billion
+    Dividend 160 per bearer vs 155 francs, 32 francs per
+registered vs 31 francs, 16 francs per participation
+certificate vs 15.50 francs
+    Cash flow 294.3 mln vs 242.6 mln
+    Note - Confirms forecast of results issued in January.
+    Operating profit 337.6 mln vs 265 mln
+    Depreciation 103.4 mln, up 12.2 pct
+    Capital spending 84.6 mln, down 15.7 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8999" NEWID="4086">
+<DATE>12-MAR-1987 05:02:18.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0362&#31;reute
+u f BC-ERICSSON-WINS-SECOND   03-12 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERICSSON WINS SECOND BUNDESPOST ORDER</TITLE>
+<DATELINE>    STOCKHOLM, March 12 - </DATELINE><BODY>Sweden's Telefon AB L.M. Ericsson
+&lt;ERIC ST> said one of its units won a contract worth 7.5 mln
+dlrs from the West German PTT, taking the value of orders
+signed with the Bundespost in the past few days to 47.5 mln
+dlrs.
+    The latest order for Ericsson Information Systems is for
+2,000 Alfaskop computer terminals to be supplied over the
+coming two years, the company said in a statement.
+    On Tuesday the Ericsson subsidiary announced a 40 mln dlr
+contract from the Bundespost to deliver personal computers and
+related equipment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9000" NEWID="4087">
+<DATE>12-MAR-1987 05:03:42.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0367&#31;reute
+f f BC-British-Telecom-third   03-12 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> British Telecom third quarter pre-tax profit 506 mln stg vs 452 mln
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9001" NEWID="4088">
+<DATE>12-MAR-1987 05:04:25.60</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0371&#31;reute
+b f BC-BANK-OF-ENGLAND-OFFER   03-12 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND OFFERS EARLY HELP IN MONEY MARKET</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The Bank of England said it had invited
+the discount houses to make an early round of bill offers to
+help offset a large liquidity shortage in the money market.
+    It estimated the shortage at around 1.55 billion stg, one
+adverse factor being the unwinding of a sale and repurchase
+agreement, with the market having to buy back bills worth 542
+mln stg from the Bank.
+    Bills maturing in official hands and the treasury bill
+take-up would drain 957 mln stg wile exchequer transactions and
+a note circulation rise would take out 15 mln and 25 mln
+respectively. Above target bankers' balances would add 10 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9002" NEWID="4089">
+<DATE>12-MAR-1987 05:11:36.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0379&#31;reute
+b f BC-BRITISH-TELECOM-3RD-Q   03-12 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH TELECOM 3RD QTR ENDED DEC 31</TITLE>
+<DATELINE>    LONDON, March 12 -
+    </DATELINE><BODY>Shr 5.1p vs 4.2p, making 15.3p vs 12.7p for nine months.
+    Pre-tax profit 506 mln stg vs 452 mln, making 1.51 billion
+stg vs 1.35 billion.
+    Net profit before minorities 320 mln vs 268 mln, making 960
+mln vs 807 mln.
+    Note - Company's full name is British Telecommunications
+Plc &lt;BTY.L>.
+    Third quarter turnover 2.40 billion stg vs 2.11 billion,
+making 7.01 billion vs 6.16 billion for nine months.
+    Operating profit 578 mln vs 520 mln, making 1.72 billion vs
+1.56 billion.
+    Net interest payable 72 mln vs 68 mln, making 208 mln vs
+203 mln.
+    Tax 186 mln vs 184 mln, making 552 mln vs 547 mln.
+    Minorities nil vs nil, making two mln vs nil.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9003" NEWID="4090">
+<DATE>12-MAR-1987 05:21:27.38</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0389&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-12 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN EARLY ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The Bank of England said it had bought
+bills worth 1.059 billion stg from the market for resale on
+March 31 at rates of interest between 10-7/16 pct and 10-17/32
+pct.
+    Earlier, the Bank said it estimated the liquidity shortage
+in the market today at around 1.55 billion stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9004" NEWID="4091">
+<DATE>12-MAR-1987 05:22:14.00</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0391&#31;reute
+r f BC-DANISH-UNEMPLOYMENT-R   03-12 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH UNEMPLOYMENT RISES TO 7.9 PCT IN JANUARY</TITLE>
+<DATELINE>    COPENHAGEN, March 12 - </DATELINE><BODY>Denmark's seasonally adjusted
+unemployment rate rose to 7.9 pct of the workforce in January
+from 7.8 pct in December, unchanged from January 1986, the
+National Statistics Office said.
+    The total of unemployed in January was 216,200 against
+212,200 in December and 216,600 in January 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9005" NEWID="4092">
+<DATE>12-MAR-1987 05:33:02.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0397&#31;reute
+b f BC-ROWNTREE-MACKINTOSH-P   03-12 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROWNTREE MACKINTOSH PLC&lt;RWNT.L> YEAR TO END JANUARY</TITLE>
+<DATELINE> LONDON, March 12 -
+    </DATELINE><BODY>Shr 35.0p vs 34.8p
+    Div final div 9.2p vs 8.2p
+    Pretax profit 84.0 mln stg vs 79.3 mln
+    Net after tax 66.2 mln vs 60.7 mln
+    Turnover 1,290.4 mln vs 1,205.2 mln
+    Trading profit 105.7 mln stg vs 101.3 mln, consisting -
+    U.K  47.9 mln vs 45.3
+    Europe 7.8 mln vs 3.4 mln
+    North America 34.7 mln vs 37.2 mln
+    Australasia 4.0 mln vs 2.3 mln
+    Rest of world 11.3 mln vs 13.1 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9006" NEWID="4093">
+<DATE>12-MAR-1987 05:34:36.01</DATE>
+<TOPICS><D>money-fx</D><D>reserves</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0399&#31;reute
+u f BC-TAIWAN-CLAMPS-NEW-CON   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN CLAMPS NEW CONTROLS ON CURRENCY INFLOWS</TITLE>
+<AUTHOR>    By Andrew Browne, Reuters</AUTHOR>
+<DATELINE>    TAIPEI, March 12 - </DATELINE><BODY>Taiwan's new controls on currency
+inflows, implemented today, are a desperate bid to stem a flood
+of speculative money prompted by the local currency surge
+against the U.S. Dollar, local and foreign bankers said.
+    The central bank now has to clear remittances exceeding one
+mln U.S. Dlrs earned from exports, shipping and insurance and
+bank lending plus remittances of more than 10,000 dlrs from any
+other source.
+    Petitioners have to show their remittances relate to
+genuine commercial transactions.
+    Meanwhile, traders are no longer required to report all
+outward payments concerning invisible trade, including freight,
+insurance and royalties, to the central bank.
+    But bankers said they believed the new controls would be
+ineffective since businessmen could split up remittances into
+smaller units or simply remit money through Taiwan's
+flourishing currency black market.
+    The bankers said the controls, announced on March 6, are a
+panic reaction to U.S. Pressure, which has intensified over the
+past week, for a faster appreciation of the Taiwan dollar to
+slow the growth of Taiwan's exports to the U.S.
+    The government has denied local press reports Washington is
+pressing for an exchange rate of up to 28 dlrs.
+    The Taiwan dollar opened four cents up today at 34.70.
+    "I don't think the central bank has a final target," said an
+executive with a U.S. Bank. Other bankers and economists said
+they are wary of making any firm predictions about how far the
+Taiwan dollar will rise.
+    Taiwan's trade surplus with the U.S. Hit 13.6 billion U.S.
+Dlrs last year against 10.2 billion in 1985. The surplus
+widened in the first two months of the year to 2.35 billion
+dlrs from 1.87 billion in the same period last year.
+    Economists estimate up to five billion dlrs in speculative
+money flowed into Taiwan in 1986.
+    This inflow helped boost foreign exchange reserves to more
+than 51 billion dlrs from just under 25 billion this time last
+year and provided further upward pressure on the currency.
+    The Taiwan dollar has appreciated by almost 15 pct against
+the U.S. Currency since September 1985, further encouraging
+speculators.
+    Central bank governor Chang Chi-cheng said last week
+Washington's pressure plus rising foreign exchange reserves
+meant a further strengthening in the currency is inevitable.
+    Many local bankers argue the only effective solution to the
+currency problem is to drop foreign exchange controls and allow
+the local dollar to find its own level.
+    "Lifting exchange controls is the final answer, but the
+central bank is not prepared to do it. It simply does not want
+to take the risk," said one local banker.
+    He said he believed the new restrictions are a temporary
+measure designed to buy time as the central bank grapples with
+the exchange rate problem.
+    The restrictions are a bureaucratic imposition and skirt
+around the real issue, he said.
+    Taiwan needs a fundamental restructuring of foreign
+exchange controls, said an executive with a western bank.
+    "The controls will create more paperwork, but the extra bank
+charges will not outweigh the profits of speculation," said the
+manager of a European bank.
+    Economists criticised the controls, saying they could
+antagonise Washington, which is pushing for further economic
+liberalisation in Taiwan.
+    "Instead of liberalising outflows, the government has
+restricted inflows," said Kate Newman, an economist with Vickers
+da Costa.
+    A local banker, who declined to be named, said, "It's
+basically ridiculous. It's a backward movement and goes against
+the government's liberalisation programme."
+    Taiwan last year eased some of its financial regulations to
+enable Taiwan nationals to invest in foreign government bonds,
+treasury bills and certificates of deposit and to allow
+individuals to take 5,000 U.S. Dlrs in cash out of the country
+each year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9007" NEWID="4094">
+<DATE>12-MAR-1987 05:41:40.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0417&#31;reute
+u f BC-GLYNWED-INTERNATIONAL   03-12 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLYNWED INTERNATIONAL PLC &lt;GLYN.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 12 -
+    </DATELINE><BODY>Shr, net basis 27.47p vs 22.15p
+    Div 6.5p vs 5.4p making 10.1p vs 8.4p
+    Pretax profit 46.1 mln stg vs 35.6 mln
+    Net after tax 30 mln vs 23.3 mln
+    Extraordinary items debit 3.8 mln vs debit 2.3 mln
+    Interest payable 2.7 mln vs 4.0 mln
+    Net borrowings 7.6 mln vs 16.1 mln
+    Turnover 478.9 mln vs 464.1 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9008" NEWID="4095">
+<DATE>12-MAR-1987 05:42:18.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0418&#31;reute
+b f BC-TOYOTA-MOTOR-CREDIT-I   03-12 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA MOTOR CREDIT ISSUES 23 BILLION YEN BOND</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Toyota Motor Credit Corp is issuing a 23
+billion yen eurobond due April 10, 1992 paying 4-1/2 pct and
+priced at 101-1/2 pct, lead manager Nomura International Ltd
+said.
+    The bond is available in denominations of one mln yen and
+will be listed in Luxembourg. Payment is April 10.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct for
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9009" NEWID="4096">
+<DATE>12-MAR-1987 05:51:07.40</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>netherlands</D><D>france</D><D>west-germany</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0431&#31;reute
+u f BC-DUTCH-SUGAR-TRADE-DEN   03-12 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH SUGAR TRADE DENY INVOLVEMENT IN OFFER</TITLE>
+<DATELINE>    ROTTERDAM, March 12 - </DATELINE><BODY>Dutch sugar traders deny involvement
+in a plan to offer more than 850,000 tonnes of sugar to
+intervention in protest at EC export policy and prices, traders
+told Reuters.
+    Although some 2,500 tonnes of sugar have been offered to
+intervention in the Netherlands, Dutch producers and traders
+said this sugar was actually Belgian and was being offered by
+the Belgian industry.
+    "We sympathise with the actions of the French, West German
+and Belgian traders and producers, but we are not party to it,"
+a spokesman said.
+    EC Commission sources said yesterday French traders planned
+to sell 775,000 tonnes into intervention stocks, West German
+traders 75,000 tonnes and Dutch traders 2,500. Dutch trade
+sources gave the same figure for France, but estimated up to
+110,000 tonnes offered by German traders and producers.
+    The Dutch spokesman added, "The weekly export tender policy
+and prices are squeezing the European sugar industry, and this
+is the only way in which they can really register their
+protest.
+    "These are desperate actions, but we believe that most of
+this offered sugar will be withdrawn within the three-week
+breathing space allowed."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9010" NEWID="4097">
+<DATE>12-MAR-1987 05:56:21.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0436&#31;reute
+u f BC-GLYNWED-SEES-FURTHER   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLYNWED SEES FURTHER PROGRESS IN 1987</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Glynwed International Plc &lt;GLYN.L> in a
+statement accompanying their results that present indications
+are that 1987 has started well and it is confident that the
+year will be one of further progress.
+    The company added that results in the U.S. Were poor and
+the deterioration in the South African economy left its Falkirk
+Industries unit with a loss of one mln stg. But it said there
+was a continuing improvement in its core businesses.
+    The extraordinary items debit of 3.8 mln stg arose on the
+closure and disposal of various businesses.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9011" NEWID="4098">
+<DATE>12-MAR-1987 06:04:30.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0445&#31;reute
+u f BC-BRITISH-TELECOM-SEES   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH TELECOM SEES SATISFACTORY 1986/87 RESULTS</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>British Telecommunications Plc &lt;BTY.L>
+expects to announce satisfactory results for its 1986/87
+financial year ending March, chairman Sir George Jefferson said
+in a third quarter statement.
+    Full year results will be published in June. In the 1985/86
+financial year, pre-tax profit rose to 1.81 billion stg from
+1.48 billion in the previous period.
+    Jefferson said good progress was made in the latest nine
+months, while most customers were able to maintain their normal
+level of calls during the recent strike by company engineers.
+    The statement said a positive cash flow of 381 mln stg for
+the first nine months will diminish in the final quarter due to
+corporation tax and dividend payments.
+    Earlier, the company reported third quarter pre-tax profit
+for the period ended December 31 of 506 mln stg compared with
+452 mln a year earlier. Nine month pre-tax was 1.51 billion stg
+against 1.35 billion.
+    British Telecom shares were last quoted at 246-1/2p, level
+with late yesterday, in the wake of results which were in line
+with market expectations, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9012" NEWID="4099">
+<DATE>12-MAR-1987 06:10:16.95</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0449&#31;reute
+b f BC-INDIA-BUYS-WHITE-SUGA   03-12 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA BUYS WHITE SUGAR FROM LONDON TRADERS</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>India yesterday bought two cargoes of
+white sugar from London traders for April/May shipment and
+granted the trade houses the option to sell an additional two
+cargoes at the same price for May/June shipment, the firms
+involved said.
+    E D and F Man and Woodhouse, Drake and Carey both said they
+sold single cargoes at 237.35 dlrs a tonne cif for April/May
+and were granted options to sell an extra cargo each at the
+same price for May/June at the Indian buying tender for three
+to four cargoes of whites held yesterday. The tender had called
+for a single cargo of prompt and two to three cargoes of
+April/May.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9013" NEWID="4100">
+<DATE>12-MAR-1987 06:10:57.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0450&#31;reute
+u f BC-&lt;NEXT-PLC>-&lt;NEXL.L>-F   03-12 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NEXT PLC> &lt;NEXL.L> FIVE MONTHS TO END JANUARY</TITLE>
+<DATELINE>    LONDON, March 12 -
+    </DATELINE><BODY>Shr 7.67p vs 5.34p
+    Div 1.5p vs 1.08p
+    Pretax profit 30.12 mln stg vs 12.40 mln
+    Net interest payable 2.55 mln vs 200 stg
+    Net after tax 19.58 vs 7.44 mln
+    Turnover excluding VAT 257.66 mln vs 74.09 mln
+    Note - The company said it intends to issue a second
+interim statement for the six months to July 1987 and to pay a
+related dividend in early 1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9014" NEWID="4101">
+<DATE>12-MAR-1987 06:16:36.48</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>australia</D><D>bahrain</D><D>uae</D><D>saudi-arabia</D><D>kuwait</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L C
+&#22;&#22;&#1;f0459&#31;reute
+u f BC-AUSTRALIA-EXPECTS-RIS   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA EXPECTS RISE IN MEAT EXPORTS TO MIDEAST</TITLE>
+<AUTHOR>    By Ian MacKenzie, Reuters</AUTHOR>
+<DATELINE>    BAHRAIN, March 12 - </DATELINE><BODY>Australia expects meat and livestock
+exports to the Middle East to maintain an upward trend this
+year, managing director of the Australian Meat and Livestock
+Corp, Peter Frawley, said.
+    He told Reuters an improvement in the economic climate and
+less competition from the European Community should lead in the
+Gulf area to higher beef sales, which dropped from 33,000
+tonnes in 1980 to just 2,300 tonnes last year.
+    "In the last three to four months there has been a
+resurgence of inquiries," he said.
+    Frawley is on a Gulf tour which will also take him to Saudi
+Arabia, the United Arab Emirates and Kuwait to assess market
+potential.
+    On beef exports, he said a 50 pct drop in European
+Community intervention stock in the past 12 months would help
+Australian sales.
+    The fall meant the EC was not as aggressive in these
+markets, where the Australian trade was the natural source of
+supply, and Australia was "now back in," Frawley said.
+    He said there was a debate in Australia as to whether the
+Middle East market for livestock, which accounts for two-thirds
+of meat export value to the area, would be maintained.
+    He believed the trade would remain with a continuing demand
+for fresh meat.
+    The number of live sheep shipped last year to Saudi Arabia,
+the biggest single market, was 3,214,159 compared with
+2,939,226 in 1985. The numbers shipped to the United Arab
+Emirates and Bahrain fell, however.
+    Frawley said the slackening in demand in the Gulf had been
+offset by other Arab countries around the Mediterranean.
+    Other than livestock, Australia's overall meat sales to the
+Middle East rose to 72,374 tonnes in 1986 from 52,403 tonnes
+the previous year, largely due to the sale of 25,790 tonnes of
+mutton and lamb to Iran.
+    Australia sold 9,824 tonnes to Iran in 1985 after being
+virtually excluded by New Zealand competition for several
+years. Frawley said the 1986 sale contract had included a
+barter provision, but Iran had paid in full in cash.
+    Negotiations with the Iranians for 1987 shipments were
+currently under way, with Iran again seeking credit and barter
+provisions, he said.
+    Frawley said there had been a tremendous growth in demand
+for chilled lamb in the last four to five years and he
+predicted this would continue.
+    "The Middle East, and the Gulf in particular, is now
+Australia's largest market for lamb, chilled and flown in.
+Australia is in an ideal position to provide the supplies if
+the market is willing to pay a premium for a fresh, young
+product," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9015" NEWID="4102">
+<DATE>12-MAR-1987 06:29:53.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0471&#31;reute
+u f BC-BELGIUM-PLACING-100-M   03-12 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM PLACING 100 MLN SWISS FRANC NOTES</TITLE>
+<DATELINE>    GENEVA, March 12 - </DATELINE><BODY>The Kingdom of Belgium is issuing 100
+mln Swiss francs of 10-year bullet notes with a 4-3/4 pct
+coupon and 100-3/4 issue price, lead manager Kredietbank
+(Suisse) SA said.
+    Payment is due March 31.
+    Denominations are 50,000 francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9016" NEWID="4103">
+<DATE>12-MAR-1987 06:32:30.32</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0475&#31;reute
+r f BC-INDIA-1986/87-COTTON   03-12 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA 1986/87 COTTON EXPORT QUOTA UP 190,000 BALES</TITLE>
+<DATELINE>    NEW DELHI, March 12 - </DATELINE><BODY>India's raw cotton export quota has
+been raised by 190,000 170-kg bales to 600,000 bales in 1986/87
+ending August, still well below the 1985/86 quota of 1.35 mln
+bales, Minister of State for Textiles R.N. Mirdha said.
+    State and private agencies contracted to export 1.34 mln
+bales in 1985/86, he told journalists. But only 433,000 bales
+were shipped that year, with the rest to be delivered in
+1986/87. About 758,000 bales from 1985/86 contracts were
+shipped up to February 2 in 1986/87.
+     The government will export 600,000 bales of long and
+extra- long staple cotton in the three years from 1986/87, he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9017" NEWID="4104">
+<DATE>12-MAR-1987 06:35:58.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>norway</D><D>denmark</D><D>sweden</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0483&#31;reute
+u f BC-SCANDINAVIA-PROPOSES   03-12 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCANDINAVIA PROPOSES DEREGULATING U.S. AIR FARES</TITLE>
+<DATELINE>    OSLO, March 12 - </DATELINE><BODY>Denmark, Norway and Sweden have jointly
+proposed deregulating air fares between Scandinavia and the
+U.S. In exchange for greater access to the domestic U.S.
+Airline market, Norwegian officials said.
+    The proposal, handed to federal aviation authorities in
+Washington by a delegation from the three countries' transport
+ministries, was seen in the industry as a major concession to
+demands by U.S. Airlines to deregulate air fares to
+Scandinavia.
+    The scheme in return requests the &lt;Scandinavian Airlines
+System>, owned by Sweden, Denmark and Norway's governments, be
+allowed to compete freely and fairly in the U.S. Market.
+    SAS, the only Scandinavian airline flying transatlantic
+routes to the U.S., Is currently allowed to land at only four
+U.S. Cities and has no commercial routes within the U.S.
+    SAS has long held that regulations allowing U.S. Airlines'
+connecting flights from international to regional airports
+within Scandinavia have given these companies an advantage
+denied to SAS in the United States.
+    Initial U.S. Reaction to the proposal has been positive,
+officials said. Industry sources added that if approved, the
+scheme would likely lower air fares dramatically between
+Scandinavia and the U.S.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9018" NEWID="4105">
+<DATE>12-MAR-1987 06:36:30.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0484&#31;reute
+b f BC-STE-LYONNAISE-DES-EAU   03-12 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STE LYONNAISE DES EAUX &lt;LYOE.PA> YEAR ENDED DEC 31</TITLE>
+<DATELINE>    PARIS, March 12 -
+    </DATELINE><BODY>Consolidated attributable net 1986 profit 360 mln francs vs
+279.8 mln.
+    Parent company net profit 191 mln vs 150.9 mln.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9019" NEWID="4106">
+<DATE>12-MAR-1987 06:38:16.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0487&#31;reute
+u f BC-LYONNAISE-DES-EAUX-FO   03-12 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYONNAISE DES EAUX FORECASTS 1987 PROFIT RISE</TITLE>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>Consolidated attributable net profit of
+Ste Lyonnaise des Eaux &lt;LYOE.PA> is likely to rise by at least
+10 pct this year from the 360 mln francs reported for 1986,
+Chairman Jerome Monod told a news conference.
+    Group turnover should rise about seven pct from the 15.7
+mln reported for this year, while group investments should
+total around 1.8 billion francs, somewhat above the 1.3 billion
+annual average of the past three years, he added.
+    Investments will be aimed mainly at developing the group's
+leisure industry, health and communications activities, Monod
+said.
+    In the leisure sector the group planned a joint development
+with Club Mediterranee &lt;CMI.PA>, Club Med, of a 200 hectare
+pleasure park at Puisaye in the Yonne department of Eastern
+Central France, he said.
+    Wholly-owned subsidiary Lyonnaise de Developpement
+Touristique would carry out the construction work and financial
+planning of the development which would be leased to Club Med
+as operator of the complex, he said.
+    He gave no financial details but said leisure sector
+investments would total about 100 mln francs over the next
+three years.
+    Investments in the communications industry would go mainly
+to develop the group's cable television activities and its 25
+pct owned Metropole Television affiliate. Metropole recently
+won the concession to operate a sixth television channel in
+France.
+    Financing requirement of Metropole would be about 700 mln
+francs over the next four years, of which Lyonaise des Eaux
+would provide about 175 mln, Monod said.
+    Monod said Metropole aimed to win a 15 to 20 pct audience
+share and to capture about 10 pct of the national television
+advertising market.
+    Total investment by the group in the communications sector,
+including cable activities, would be between 300 mln and 400
+mln francs over the next five years, mainly concentrated in the
+coming year.
+    Investment in cable operations would total between 150 mln
+and 200 mln over the five years, with the aim of widening the
+audience to 280,000 subscribers from 12,000, and boosting
+turnover to around 450 mln francs a year from 10 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9020" NEWID="4107">
+<DATE>12-MAR-1987 06:38:22.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0488&#31;reute
+b f BC-GUS-MAKES-8.2-MLN-STG   03-12 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUS MAKES 8.2 MLN STG AGREED OFFER FOR PANTHERELLA</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Great Universal Stores Plc &lt;GUS.L> said
+it has made an agreed offer for &lt;Pantherella Plc>, valuing the
+company at 8.2 mln stg and each Pantherella ordinary share at
+205 pence.
+    The offer is based on eight new "A" non voting ordinary
+shares in GUS plus 95.16 stg for every 100 ordinary
+Pantherella.
+    The new GUS shares will not receive the eight pence per
+share interim dividend in respect of the year ending March
+1987, the statement said.
+    GUS has received irrevocable undertakings to accept the
+offer in respect of 39.1 pct of Pantherella shares from the
+company's directors and their families.
+    The Pantherella board estimates the company, which
+manufactures socks, will show a 1986 pretax profit of about
+690,000 stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9021" NEWID="4108">
+<DATE>12-MAR-1987 06:40:12.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0490&#31;reute
+u f BC-GERMAN-IBM-REPORTS-NI   03-12 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN IBM REPORTS NINE PCT DROP IN TURNOVER IN 1986</TITLE>
+<DATELINE>    STUTTGART, March 12 - </DATELINE><BODY>IBM Deutschland GmbH &lt;IBM.F>, the
+West German subsidiary of International Business Machines Corp
+&lt;IBM.N>, said its turnover fell nine pct to 12.0 billion marks
+in 1986 as a result of currency factors, weaker demand in the
+second half and stiff price competition.
+    IBM Deutschland planned to strengthen its software and
+service activities in future to ensure growth remained at
+desired levels in the medium term, managing board chairman
+Hans-Olaf Henkel said. He gave no 1986 profit figures.
+    Domestic turnover fell 12.7 pct to 7.2 billion marks while
+exports declined 3.2 pct to 4.8 billion.
+    Most of IBM Deutschland's exports go to IBM companies in
+other countries.
+    Henkel said volume sales had been positive overall,
+especially in the large computer and personal computer sectors.
+However, at the same time, fierce international competition,
+worldwide overcapacity and currency movements had reduced large
+computer prices for IBM Deutschland by some 23 pct.
+    In January Henkel said the annual growth rate of the German
+computer market may in the long term be less than 10 pct, well
+below the 20 pct expansion originally forecast.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9022" NEWID="4109">
+<DATE>12-MAR-1987 06:50:12.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0501&#31;reute
+r f BC-JAPAN-READY-TO-DISCUS   03-12 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN READY TO DISCUSS BANK REGULATION</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Japan is ready to discuss bank
+regulation and capital adequacy with western monetary
+authorities but cannot say when or how joint rules can be
+agreed, Japanese vice-minister of finance for international
+affairs Toyoo Gyohten said.
+    He told a Nikkei conference on Tokyo financial markets that
+Japan viewed a January outline agreement between the Bank of
+England and U.S. Regulatory authorities as "significant."
+    The accord, setting joint rules on capital adequacy, was
+criticised in financial markets for excluding Japan, thus
+putting U.S. And U.K. Banks at a disadvantage to Japanese banks
+    "I am pleased to say that we are prepared to work with
+British and American regulators," Gyohten said.
+    He added that preliminary contacts had already been made in
+the margin of the Bank for International Settlements (BIS) in
+Basle where central bank governors of western nations meet
+every month.
+    But proper negotiations were still some way off. "We have to
+start learning about the different situations in each country
+before we can start working towards joint rules," he said.
+    "I can't predict when or how we will reach conclusions," he
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9023" NEWID="4110">
+<DATE>12-MAR-1987 06:54:29.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0503&#31;reute
+r f BC-GEORGIAN-AVALANCHES-A   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEORGIAN AVALANCHES AND FLOODS BRING DEATHS</TITLE>
+<DATELINE>    MOSCOW, March 12 - </DATELINE><BODY>Avalanches, landslides and floods have
+killed almost 100 people since the start of the year in the
+Soviet Transcaucasian republic of Georgia, the official daily
+Sotsialisticheskaya Industriya said.
+    Some 16,000 people have been left homeless and 80,000
+hectares of arable land and plantations rendered useless, the
+newspaper said. The figures are still preliminary, but it
+estimated total losses at over 300 mln roubles.
+    It said a large number of livestock and birds were killed
+in the natural disaster and more than 1,800 km of roads needed
+repairing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9024" NEWID="4111">
+<DATE>12-MAR-1987 07:00:12.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0507&#31;reute
+u f BC-&lt;BOND-CORP-INTERNATIO   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BOND CORP INTERNATIONAL LTD> NINE MOS TO DEC 31</TITLE>
+<DATELINE>    HONG KONG, March 12 -
+    </DATELINE><BODY>Shr loss 17.4 H.K. Cents (no comparison)
+    Dividend nil (no comparison)
+    Net loss 11.49 mln dlrs.
+    Notes - Net excluded extraordinary losses 27.91 mln dlrs.
+Property valuation reserve surplus 67 mln dlrs.
+    Results reflected trading in subsidiary &lt;Humphreys Estate
+Group> but excluded influence of a bulk of properties which the
+firm bought late last year from Hongkong Land Co Ltd &lt;HKLD.HK>
+for 1.4 billion dlrs.
+    Company controlled by Bond Corp Holdings Ltd of Australia.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9025" NEWID="4112">
+<DATE>12-MAR-1987 07:00:47.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0508&#31;reute
+b f BC-ROWNTREE-ISSUES-CONVE   03-12 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROWNTREE ISSUES CONVERTIBLE EUROSTERLING BOND</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Rowntree Mackintosh Plc &lt;RWNT.L> is
+issuing a 55 mln stg eurobond due March 31, 2002, paying an
+indicated coupon of 4-1/2 pct to five pct and priced at par,
+lead manager J Henry Schroder Wagg and Co Ltd said.
+    Final terms on the issue will be fixed by March 16.
+Denominations are 1,000 stg and listing will be London.
+    There is a put option on March 31, 1992, to yield 8-1/2 to
+nine pct and the bond is also callable by the borrower until
+March 31, 1988, at 106 pct, declining by one pct per annum
+thereafter to par. However the call will not be before 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9026" NEWID="4113">
+<DATE>12-MAR-1987 07:01:20.35</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0509&#31;reute
+u f BC-GERMAN-PUBLIC-AUTHORI   03-12 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN PUBLIC AUTHORITY BUNDESBANK HOLDINGS FALL</TITLE>
+<DATELINE>    FRANKFURT, March 12 - </DATELINE><BODY>The net position of federal states
+worsened in the first March week, cutting public authority net
+holdings at the Bundesbank by 500 mln marks, the central bank
+said.
+    States' cash deposits at the central bank fell to 800 mln
+and they also drew down 1.2 billion marks in book credit, 900
+mln marks more than in the prior week.
+    By contrast, however, the federal government was able to
+reduce its credit drawdown at the central bank by 900 mln marks
+to 900 mln.
+    Despite the stronger states' net needs in the week, their
+cash position and other market dependent influences just about
+balanced the outflow of liquidity from the money market through
+an increase in cash in circulation, the Bundesbank said.
+    Cash in circulation rose by 1.4 billion marks in the week
+to 122.9 billion.
+    Liquidity also came in through the maturing of short-term
+treasury bills bought from the Bundesbank in the prior week.
+    Gross currency reserves rose in the week by 400 mln marks
+to 109.9 billion. Foreign liabilities of the Bundesbank were
+largely unchanged at 22.8 billion marks, giving a rise in net
+currency reserves of 400 mln to 87.0 billion, it said.
+    The Bundesbank said its balance sheet total fell by 3.77
+billion in the week to 218.45 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9027" NEWID="4114">
+<DATE>12-MAR-1987 07:07:47.87</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0525&#31;reute
+f f BC-embargoed-0700edt****   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA JANUARY TRADE SURPLUS 533 MLN DLRS AFTER DECEMBER 965 MLN DLRS SURPLUS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9028" NEWID="4115">
+<DATE>12-MAR-1987 07:09:26.65</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0526&#31;reute
+b f BC-embargoed-0700edt-CAN   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA JANUARY TRADE SURPLUS 533 MLN DLRS</TITLE>
+<DATELINE>    OTTAWA, Mar 12 - </DATELINE><BODY>Canada had a trade surplus of 533 mln dlrs
+in January compared with an upward revised 965 mln dlrs surplus
+in December, Statistics Canada said.
+    The December surplus originally was reported at 964 mln
+dlrs. The January surplus last year was 1.19 billion dlrs.
+    January exports, seasonally adjusted, were 9.72 billion
+dlrs against 10.39 billion in December and 10.89 billion in
+January, 1986.
+    January imports were 9.19 billion dlrs against 9.43 billion
+in December and 9.71 billion in January 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9029" NEWID="4116">
+<DATE>12-MAR-1987 07:10:33.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0529&#31;reute
+r f BC-TOYOTA-MOTOR-CREDIT-I   03-12 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA MOTOR CREDIT ISSUES 23 BILLION YEN BOND</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Toyota Motor Credit Corp is issuing a 23
+billion yen eurobond due April 10, 1992 paying 4-1/2 pct and
+priced at 101-1/2 pct, lead manager Nomura International Ltd
+said.
+    The bond is available in denominations of one mln yen and
+will be listed in Luxembourg. Payment is April 10.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct for
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9030" NEWID="4117">
+<DATE>12-MAR-1987 07:12:48.83</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0540&#31;reute
+u f BC-HUNGARIAN-1987-SUGAR   03-12 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNGARIAN 1987 SUGAR BEET AREA LITTLE CHANGED</TITLE>
+<DATELINE>    BUDAPEST, March 12 - </DATELINE><BODY>Hungary is to grow sugar beet on
+105,000 hectares of land this year compared with some 95,000 in
+1986, the official MTI news agency said.
+    Diplomats said this reflected Hungary's policy of keeping
+the sugar beet area stable under the current five-year plan
+(1985-89) and producing enough to cover only domestic demand
+despite the recent rise of world prices to 10 month highs.
+    Drought cut the 1986 harvest to 3.58 mln tonnes from 4.07
+mln in 1985. But a record yield of 130 kilos per tonne of beet
+kept production at 454,000 tonnes, with 30,000 extra refined in
+Yugoslavia from Hungarian beet. Output was 483,000 in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9031" NEWID="4118">
+<DATE>12-MAR-1987 07:13:25.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0541&#31;reute
+r f BC-SALOMON-RAISES-SIZE-O   03-12 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON RAISES SIZE OF CMO TO 350 MLN DLRS</TITLE>
+<DATELINE>    London, March 12 - </DATELINE><BODY>Salomon Brothers international inc said
+it has raised the size of its Collateralised Mortgage
+Obligation TRUST 23 to 350 mln dlrs from the 228 mln dlrs
+announced yesterday.
+    All other terms of the issue remain the same, Salomon said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9032" NEWID="4119">
+<DATE>12-MAR-1987 07:15:50.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0544&#31;reute
+r f BC-JAPAN-TO-SELL-200-BIL   03-12 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO SELL 200 BILLION YEN IN BILLS, TRADERS</TITLE>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>The Bank of Japan will sell tomorrow 200
+billion yen of financing bills under a 50-day repurchase
+agreement maturing on May 2, to help absorb a projected money
+market surplus due largely to distribution of local allocation
+tax ahead of the March 31 fiscal year-end, money traders said.
+    The yield on the bills for sales to banks and securities
+houses from money houses will be 3.9496 pct against the 3.9375
+pct discount rate for two-month commercial bills and the
+4.46/37 pct yield today on two-month certificates of deposit.
+    The operation will put outstanding bill supply at about
+1,500 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9033" NEWID="4120">
+<DATE>12-MAR-1987 07:16:20.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0545&#31;reute
+d f BC-KIDSTON-SAYS-HIGHER-N   03-12 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIDSTON SAYS HIGHER NET REFLECTS GOLD SALE RISE</TITLE>
+<DATELINE>    BRISBANE, March 12 - </DATELINE><BODY>&lt;Kidston Gold Mines Ltd> attributed
+the rise in 1986 net profit to higher prices and an increase in
+gold sales to 237,969 ounces from 206,467 ounces in 1985.
+    The &lt;Placer Development Ltd> offshoot, which operates
+Australia's largest gold mine, in North Queensland, earlier
+reported net profit rose to 60.50 mln dlrs from 50.76 mln in
+the 1985 period of 10 months from the start of production.
+    Sales of silver also rose to 165,968 ounces from 109,516.
+    Kidston said in a statement it will spend about 5.5 mln
+dlrs to upgrade its mill grinding circuit to a mill-ball,
+mill-crushing circuit to boost output by 25 pct from end-1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9034" NEWID="4121">
+<DATE>12-MAR-1987 07:16:46.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0546&#31;reute
+u f BC-SVENSKA-HANDELSBANKEN   03-12 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE> SVENSKA HANDELSBANKEN TO START FUTURES TRADING</TITLE>
+<DATELINE>    STOCKHOLM, March 12 - </DATELINE><BODY>Sweden's second largest bank Svenska
+Handelsbanken &lt;SHBS.S> said it will launch trading in share
+futures with fixed maturity dates from March 19.
+    Trading will start in four stocks -- Svenska Cellulosa AB
+&lt;SCAB.S> (SCA), Forsakrings AB Skandia &lt;SKDS.S>, AB Volvo
+&lt;VOLV.S> and Pharmacia AB &lt;PHAB.S>. Each futures contract is
+for 1,000 shares and with fixed terms of three and six months.
+    The bank did not say whether the futures instruments will
+be open to foreign investors, who are only allowed to own
+so-called unrestricted shares in Swedish companies.
+    The Swedish Central Bank last month gave the go-ahead for
+foreigners to trade in share options, but said such approval
+will only be given on an individual basis.
+    The Handelsbanken scheme, aimed at mainly institutional
+investors, is only the latest of several novelties introduced
+on Sweden's fast-growing financial markets in recent years.
+    The country's private options exchange is already the
+world's fifth largest and tomorrow a rival market, the Sweden
+Options and Futures Exchange (SOFE), will begin trading.
+    SOFE will also launch a market for share index futures this
+spring.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9035" NEWID="4122">
+<DATE>12-MAR-1987 07:17:55.57</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0548&#31;reute
+u f BC-BULLETIN-SAYS-TIN-PRI   03-12 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BULLETIN SAYS TIN PRICE MAY RISE TO 20 RINGGIT</TITLE>
+<DATELINE>    KUALA LUMPUR, March 12 - </DATELINE><BODY>The tin price is likely to rise to
+20 ringgit a kilo this year because of the producers' accord on
+export quotas and the reluctance of brokers and banks to sell
+the metal at lower prices, a Malaysian government bulletin
+said.
+    The Malaysian Tin bulletin said it is in producers'
+interest to keep to their quotas to limit total exports to
+90,000 tonnes and to gradually deplete the 80,000 tonnes
+overhang.
+    It said consumption by industrialised countries should stay
+at 160,000 tonnes and that International Tin Council creditors
+and brokers are not likely to dump their stocks excessively
+unless there is a large and abrupt price jump.
+    The continued depreciation of the dollar could also help
+push up the price of tin, the bulletin said.
+    A depreciation of the dollar means the depreciation of the
+ringgit which is closely pegged to it, making the price of tin
+cheaper in sterling terms, it added.
+    "Even in the absence of economic rationale in the tin
+market, psychological optimism alone is sufficient to secure a
+price recovery of up to 20 ringgit per kilo," the bulletin said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9036" NEWID="4123">
+<DATE>12-MAR-1987 07:18:34.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0549&#31;reute
+r f BC-&lt;KIDSTON-GOLD-MINES-L   03-12 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;KIDSTON GOLD MINES LTD> 1986 YEAR</TITLE>
+<DATELINE>    BRISBANE, March 12 -
+    </DATELINE><BODY>Shr 48.4 cents vs 40.6
+    Yr div 37 cents vs 15
+    Net 60.50 mln dlrs vs 50.76 mln
+    Turnover 134.54 mln vs 100.63 mln
+    Other income 1.02 mln vs 920,000
+    Shrs 125 mln vs same.
+    NOTE - Company paid total 37 cents in previously declared
+quarterly divs vs 15. Net is after tax 173,000 dlrs vs 285,000,
+interest 9.67 mln vs 8.05 mln and depreciation 11.76 mln vs
+9.59 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9037" NEWID="4124">
+<DATE>12-MAR-1987 07:19:07.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0552&#31;reute
+u f BC-MOSCOW-CARRIES-OUT-NU   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOSCOW CARRIES OUT NUCLEAR TEST</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The Soviet Union carried out a nuclear
+test early today, the official Tass news agency reported.
+    According to the report, monitored by the British
+Broadcasting Corporation, the explosion was at 0200 gmt.
+    A blast on February 26 ended a 19-month unilateral test
+moratorium declared by the Soviet Union. Moscow blamed the end
+of the freeze on U.S. Refusal to join a total test ban.
+    Tass said the latest explosion, with a power of up to 20
+kilotonnes, had "the aim of improving military equipment."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9038" NEWID="4125">
+<DATE>12-MAR-1987 07:20:31.83</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0554&#31;reute
+r f BC-CHINA-CLOSES-SECOND-R   03-12 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA CLOSES SECOND ROUND OF OFFSHORE OIL BIDS</TITLE>
+<DATELINE>    PEKING, March 12 - </DATELINE><BODY>China has closed the second round of
+bidding by foreign firms for offshore oil exploration rights,
+the China Daily has reported.
+    It quoted a spokesman for the China National Offshore Oil
+Corp (CNOOC) as saying China signed eight contracts with 15
+foreign firms for blocks in the Pearl River mouth and south
+Yellow Sea covering a total area of 44,913 sq km.
+    Second round bidding began at the end of 1984 and only one
+well has so far produced results -- Lufeng 13-1-1, 250 km
+south-east of Shenzhen, with an output of 6,770 barrels a day.
+The well was drilled by a group of Japanese companies.
+    The spokesman added CNOOC was ready to enter into contracts
+for offshore blocks before third round bidding began. He did
+not say when this would be, but added the contracts would not
+be bound by restrictions imposed during the second round.
+    China has signed 36 oil contracts and agreements with 37
+companies from 10 countries since 1979, when offshore
+exploration was open to foreigners. Eleven contracts were
+terminated after no oil was discovered.
+    Foreign firms have invested 2.1 billion dlrs on offshore
+China since 1979.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9039" NEWID="4126">
+<DATE>12-MAR-1987 07:22:10.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0558&#31;reute
+r f BC-ECUADOR-SEEKS-HALT-TO   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR SEEKS HALT TO PAYMENTS TO BANKS IN 1987</TITLE>
+<DATELINE>    QUITO, March 11 - </DATELINE><BODY>Ecuador, stricken by a severe earthquake,
+is seeking through negotiations with private foreign banks to
+postpone all payments due to them for the rest of the year,
+Finance Minister Domingo Cordovez said.
+    He said in a statement, "The idea with the foreign banks is
+to obtain from them the best terms to give the Ecuadorean
+economy a complete relief in the period of deferral of payments
+on the foreign debt during the present year."
+    The statement referred only to payments due to private
+foreign banks, a senior government finance official told
+Reuters.
+    These creditors hold two-thirds of Ecuador's foreign debt
+which totals 8.16 billion dlrs.
+    It did not refer to debts maturing to foreign governments
+and multilateral lending agencies, accounting for the remainder
+of Ecuador's foreign debt, the official said.
+    He said Ecuador owed the private foreign banks between 450
+and 500 mln dlrs in interest payments for the rest of 1987 and
+about 66 mln in principal payments maturing this year.
+    Cordovez said Ecuador would seek new loans from
+multilateral organisations. A World Bank mission was due here
+soon to evaluate emergency loans, government officials said.
+    Ecuador has also appealed for emergency aid from about 40
+foreign governments.
+    Government officials have calculated losses to the 1987
+budget from last Thursday's earthquake at 926 mln dlrs.
+    In 1986, Ecuador's total service on the foreign debt was
+about 996 mln dlrs to all creditors.
+    The quake ruptured Ecuador's main oil pipeline, suspending
+crude exports for five months until the line is repaired. Oil
+accounts for up to two-thirds of its total exports and up to 60
+pct of total revenues. Before the tremor, Ecuador suspended
+interest payments on January 31 to private foreign banks.
+    Officials said they stopped interest payments due to a
+cash-flow squeeze stemming from a slide in world oil prices,
+which cut 1986 exports by about 25 pct to 2.18 billion dlrs.
+    Ecuadorean finance officials have been in telephone contact
+every day this week with some of the banks who sit on its
+14-bank advisory committee, the senior government finance
+official said. The committee represents the country's 400 or so
+private foreign bank creditors.
+    Cordovez also said in the statement, "The banks should
+perceive that it is impossible at this moment to comply with
+what was forseen."
+    Cordovez added, Ecuador must make a new proposal in line
+with the reality since the earthquake by seeking better options
+of deferment and of softening the negotiation conditions."
+    Interest payments fall due at least monthly to private
+foreign banks.
+    Ecuador's initial proposal earlier this year was to make
+only one semi-annual or one annual interest payment this year.
+    Under this proposal, it sought to defer interest payments
+until June at the earliest, foreign bankers and government
+officials here said.
+    Ecuadorean officials held their last formal meeting with
+the advisory committee in New York in January, but the
+negotiations were suspended on January 16 due to the 12-hour
+kidnapping of President Leon Febres Cordero by air force
+paratroopers.
+    The Red Cross says that least 300 people died and at least
+4,000 are missing due to the earthquake.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9040" NEWID="4127">
+<DATE>12-MAR-1987 07:26:54.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>leigh-pemberton</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0573&#31;reute
+r f BC-LEIGH-PEMBERTON-OPPOS   03-12 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEIGH-PEMBERTON OPPOSES TAKEOVER PROTECTION RULES</TITLE>
+<DATELINE>   LONDON, March 11 - </DATELINE><BODY>The Bank of England does not favour the
+introduction of rules to shield companies from hostile takeover
+attempts, its governor, Robin Leigh-Pemberton, said.
+    Instead, merchant banks advising bidding companies must
+show restraint and responsibility to avoid the excesses that
+have marred recent takeovers, he told the Yorkshire and
+Humberside Regional Confederation of British Industries' annual
+dinner.
+    Leigh-Pemberton also called on companies to improve ties
+with institutional investors, suggesting representatives of
+those institutions be granted seats on the boards of directors
+of companies they invest in.
+    "Boards cannot expect protection from unwelcome predators,
+for that is but a short step from saying that they should be
+protected from their own shareholders -- who are, after all,
+the proprietors of the company," Leigh-Pemberton said.
+    He added takeovers and mergers had an important role to
+play in furthering economies of scale, integration and more
+efficient market penetration. "The degree of success or failure
+(of a takeover) has not in my experience depended on whether or
+not the takeover was contested," he said.
+    Leigh-Pemberton noted there had been excesses in takeover
+activity in the recent past. "The aim is to pressurise a
+company's management into action dedicated solely to a
+favourable impact on the share price in the short-term, partly
+or even primarily at the expense of the future," he said.
+    Such bids "often depend for their success on creating a
+highly-charged and artificial situation in the share market,
+and give rise to temptations, on both sides of the battle, to
+engage in aggressive, even manipulative tactics that are
+immensely damaging to the interest of the shareholders," he
+said.
+    In a clear reference recent events, he said "those in the
+City who act for companies or individuals .. Must, I suggest,
+be ready to accept a full measure of responsibility -- even if
+it entails opprobrium -- for the transactions that may result."
+    They "should exercise the most careful judgment at the
+outset with respect to the clients for whom they act and the
+activities contenplated. Those who sow wind cannot expect the
+whirlwind to visit elsewhere," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9041" NEWID="4128">
+<DATE>12-MAR-1987 07:29:34.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0580&#31;reute
+r f BC-JAPAN-RELAXES-RULES-O   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN RELAXES RULES ON SECURITIES COMPANY OUTLETS</TITLE>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>Japan has relaxed its limit on the
+establishment of securities company outlets in order to service
+a growing number of individual investors, the Finance Ministry
+said.
+    Japanese securities companies can now set up as many as 21
+new outlets in the two years before March 31, 1989, against the
+previous maximum of 13.
+    The rules apply to outlets in department stores,
+supermarkets and other locations convenient for individuals.
+    Foreign securities firms are not affected by the ruling, it
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9042" NEWID="4129">
+<DATE>12-MAR-1987 07:30:32.23</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0584&#31;reute
+u f BC-ECUADOR-TO-ASK-OPEC-T   03-12 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR TO ASK OPEC TO RAISE EXPORT QUOTA</TITLE>
+<DATELINE>    CARACAS, March 12 - </DATELINE><BODY>Ecuador will ask OPEC to raise its oil
+export quota by 100,000 barrels per day to 310,000 to
+compensate for lost output due to last week's earthquake,
+deputy Energy Minister Fernando Santos Alvite said.
+    Santos Alvite, who arrived in Caracas last night to discuss
+an aid plan for Ecuador, did not say when the Organisation of
+Petroleum Exporting Countries (OPEC) would be approached.
+    The additional output would be related to plans now under
+discussion for Venezuela and Mexico to lend Ecuador crude while
+it repairs a pipeline damaged by the quake.
+    Earlier, Venezuelan Energy and Mines Minister Aturo
+Hernandez Grisanti said his country would supply an unspecified
+part of Ecuador's export commitments.
+    But Santos Alvite told reporters he hoped a first cargo of
+300,000 barrels could leave Maracaibo this weekend to supply
+refineries near Guayaquil. He added Ecuador also wanted to make
+up for 50,000 bpd it shipped to Caribbean destinations. Mexico
+might supply Ecuador's South Korean market.
+    Ecuador may be unable to export oil for up to five months
+due to extensive damage to a 25 mile stretch of pipeline
+linking jungle oilfields to the Pacific port of Balao.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9043" NEWID="4130">
+<DATE>12-MAR-1987 07:34:26.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0592&#31;reute
+r f BC-ECONOMIC-SPOTLIGHT--   03-12 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - PARIS BOURSE REFORM</TITLE>
+<AUTHOR>    By Malcolm Whittaker and Franck Pauly, Reuters</AUTHOR>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>French stockbrokers will lose their
+jealously guarded 180-year-old monopoly of share trading over
+the next five years under reforms announced on Tuesday by
+Finance Minister Edouard Balladur.
+    But with the prospect of fresh money flooding into their
+seriously under-capitalised share trading business, there were
+few signs of regret over the gradual passing of an era.
+    "It is a question of survival after London's Big Bang," said
+private market analyst Edouard Cointreau.
+    Balladur said the long-expected reform of the Bourse
+structure will progressively allow domestic and foreign banks
+to buy stakes in stockbrokers' capital, while at the same time
+brokers will be allowed access to the money markets.
+    The project foresees free access to the Bourse by January
+1, 1992, the date set for the opening of a unified European
+financial market.
+    The planned reform, expected to be put before Parliament
+before the end of the Spring session, will open up the capital
+of the 45 Paris and 15 regional stockbroker houses in three
+stages beginning on January 1 next year.
+    The aim of the move, following the examples of Tokyo and
+London in opening up their tightly-controlled membership, was
+"to take up the challenge of European financial integration and
+fierce international competition," Balladur announced.
+    Cointreau, founder and chairman of the private market
+analysis company Centre d'Observation et de Prospective
+Sociales (COPS), said the reform was a natural development.
+    "The Paris market is rising but that cannot go on for ever.
+The brokers know it's a good time to sell part of their
+business," he told Reuters.
+    The reform was inevitable given the European Community
+directive, said Ben Williams of Paris brokerage house
+Fauchier-Magnan. "From a French point of view one cannot be very
+disappointed," he said, "but some brokers must be a bit worried
+as it is not entirely evident that all brokerage houses are
+worth a lot of money."
+    He said that with the expansion of the market generally
+here quality brokerage staff would do very well out of the
+reforms in salary terms. "But on the whole expertise is not very
+deep and the banks already have a lot of such expertise."
+    Dealers agreed generally that by allowing brokers to
+reinforce their equity capital, the reform was expected to
+improve their ability to take large positions in stocks and
+bolster the liquidity of the Paris market.
+    The French Banking Association, grouping domestic and
+foreign banks operating here, welcomed the reforms. French
+banks, which only won direct access to the bond markets last
+September, have never been happy with the stockbrokers'
+continuing monopoly on share trading.
+    Brokers said it was too soon to say what form links with
+other foreign brokerage houses and banks might take. "Nobody is
+willing to talk about this yet but one can be sure that
+alliances have been formed over the past years," Williams said.
+    Some brokers said the opening up of their capital to banks
+could pose questions such as whether the major banks might all
+aim for stakes in the most prestigious and best-performing
+brokerage houses, or whether the smaller houses might be
+targetted for swallowing up to give banks an easy entry onto
+the Bourse.
+    Individual banks were reticent over likely strategy with
+their future partners. "Discussions will get underway soon but
+no specific choice (of broker) has been made yet," a spokesman
+for Credit Lyonnais who declined to be named said.
+    Balladur's project does not touch on dealing commissions
+but many dealers said the question had to be addressed since
+current bank commission was higher than that of brokers because
+banks, who cannot deal directly in shares, have to pay a fee to
+the broker they use for customer trading.
+    According to a study by the Bourse official watchdog body
+COB in January, dealing fees on a transaction in shares for a
+gross total of 1,000 francs were 14.86 pct if the order was
+placed directly by a broker, against 20.79 pct for the same
+order passed through a bank.
+    Xavier Dupont, Chairman of the Stockbrokers' Association,
+said the reform would not mean an end to the fixed scale of
+commissions. He said the overall reform would give the French
+financial markets a "dynamic and efficient organisation." But as
+both brokers and bankers commented, "let's wait and see."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9044" NEWID="4131">
+<DATE>12-MAR-1987 07:40:17.27</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0612&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-12 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 442 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The Bank of England said it provided the
+market with a further 442 mln stg assistance during the morning
+to offset a liquidity shortage it estimated at 1.60 billion
+stg, revised up from 1.55 billion
+    The bank bought outright eight mln stg of band one treasury
+bills and five mln stg of band one bank bills at 10-3/8 pct.
+    It bought a further 429 mln stg of bills for resale to the
+discount houses on April 2 at an interest rate of 10-7/16 pct.
+    So far today, the bank has given the market assistance
+worth a total of 1.501 billion stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9045" NEWID="4132">
+<DATE>12-MAR-1987 07:48:29.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0627&#31;reute
+u f BC-JACOBS-SUCHARD-EXPECT   03-12 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JACOBS SUCHARD EXPECTS ANOTHER EXCELLENT YEAR</TITLE>
+<DATELINE>    ZURICH, March 12 - </DATELINE><BODY>Jacobs Suchard AG &lt;JACZ.Z> hopes for
+another excellent year in 1987 after a 27 pct increase in 1986
+net profit. Results in the first few months show it heading in
+the right direction, company president Klaus Jacobs said.
+    The group reported 1986 net profit of 190.9 mln Swiss
+francs compared with 150.4 mln in 1985 and raised its dividend
+per bearer share to 160 francs from 155 francs.
+    Jacobs said the increase in profit, which far exceeded the
+company's target of five pct real annual growth, had been made
+possible by restructuring measures introduced in January 1986
+which had also made some major acquisitions possible last year.
+    Hermann Pohl, general director in charge of economic
+affairs, said the 2.7 pct decline in group turnover to 5.24
+billion francs was due to currency factors.
+    A 5.2 pct negative currency influence was partially offset
+by growth in operations and by structural changes within the
+group.
+    Turnover in the coffee business fell to 3.10 billion francs
+from 3.56 billion in 1985 while turnover in the chocolate
+sector rose to 2.14 billion francs from 1.82 billion. The
+tonnage sold in both sectors declined due to higher prices and
+lower consumer demand, especially in France and West Germany.
+    Jacobs Suchard increased its market share in West Germany
+to 44.9 pct from 39.9 pct in 1985, largely as a result of
+acquisitions. Market share in France was little changed at 25
+pct against 25.3 pct.
+    Pohl said the group's average tax rate rose to 32.5 pct
+from 28.8 pct because of the higher profits and despite
+write-offs on the losses of new acquisitions. A further
+increase in tax levels was expected in future.
+    Taxes jumped 51.3 pct to 92 mln francs in 1986 from 61 mln
+the previous year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9046" NEWID="4133">
+<DATE>12-MAR-1987 07:50:16.21</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>rice</D><D>oilseed</D><D>soybean</D><D>orange</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0632&#31;reute
+r f BC-JAPAN-FIRM-PLANS-TO-S   03-12 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FIRM PLANS TO SELL U.S. FARMLAND TO JAPANESE</TITLE>
+<DATELINE>    MORIOKA, Japan, March 12 - </DATELINE><BODY>A Japanese real estate company
+said it will launch a campaign to sell land in U.S. Farming
+areas to rich Japanese.
+    Higashi Nippon House said it would offer around 2,200 acres
+of land in Illinois, California, Florida and Indiana from early
+April to gauge response. It set up International Farm Corp of
+America in Chicago last September to oversee the operation.
+    American farmers would continue as working tenants and part
+of the profits from harvests of rice, corn, soybean and oranges
+would go to the Japanese investors as rental.
+    Japanese Agriculture Ministry officials told Reuters sales
+were limited to farmers to keep land in agricultural use.
+    "Two years ago, I began to seek my own farmland in Japan,"
+said Isao Nakamura, president of Higashi Nippon. "However, sale
+of Japanese farmland is strictly controlled by the government,
+so I began to look for the land in the U.S to make my dream to
+own farm land come true."
+    Nakamura said hundreds of companies exist in the U.S. To
+sell farmland to investors as more and more farmers face
+difficulties due to the recession in U.S. Agriculture.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9047" NEWID="4134">
+<DATE>12-MAR-1987 07:51:54.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0637&#31;reute
+u f BC-FIAT-HAS-NO-COMMENT-O   03-12 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIAT HAS NO COMMENT ON REPORTED BOND ISSUE PLAN</TITLE>
+<DATELINE>    MILAN, March 12 - </DATELINE><BODY>Fiat SpA &lt;FIAT.MI> declined to confirm or
+deny an Italian newspaper report that it was studying the
+possibility of issuing a convertible bond.
+    The Milan daily, Il Giornale, said a convertible bond issue
+was under study but gave no details.
+    A Fiat spokesman contacted by Reuters said only that the
+report was "one of the typical rumours which circulate on the
+bourse."
+    Senior sources at the Milan investment bank Sige, which Il
+Giornale said was involved in the planning along with
+Mediobanca - Banca di Credito Finanziario SpA and IMI -
+Istituto Mobiliare Italiano, said they were unaware of any such
+project.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9048" NEWID="4135">
+<DATE>12-MAR-1987 08:06:42.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0673&#31;reute
+r f BC-TAFT-&lt;TFB>-REJECTS-14   03-12 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAFT &lt;TFB> REJECTS 145 DLR/SHR OFFER</TITLE>
+<DATELINE>    CINCINNATI, Ohio, March 12 - </DATELINE><BODY>Taft Broadacasting Co said its
+board of directors unanimously decided not to accept the
+pending buyout proposal of &lt;Theta Corp>, an investor group led
+by Dudley Taft.
+    The decision was based on, among other things, the advice
+of its financial advisors, Goldman Sachs and Co, that the offer
+of 145 dlrs per share was inadequate.
+    Taft said the board concluded that the offer failed to
+recognize fully the future propsects of the company and
+directed management to explore alternatives including possible
+financial restructuring.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9049" NEWID="4136">
+<DATE>12-MAR-1987 08:09:13.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>brazil</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0680&#31;reute
+u f BC-DRESDNER-BANK-UNIT-SA   03-12 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRESDNER BANK UNIT SAYS NOT WORRIED ON BRAZIL DEBT</TITLE>
+<DATELINE>    HAMBURG, March 12 - </DATELINE><BODY>Deutsch-Suedamerikanische Bank AG, a
+wholly owned subsidiary of Dresdner Bank AG &lt;DRSD.F>, said it
+was not worried about Brazil stopping its interest payments.
+    Board member Herbert Mittendorf told a news conference that
+Brazil's example was unlikely to be followed by other Latin
+American countries.
+    He pointed out that the region's debt rose by only 2.8 pct
+last year to a total 396 billion dlrs. The countries' efforts
+to further economic growth and to consolidate budgets were "not
+unsuccessful." But the slump in oil prices and the decline in
+commodity prices hampered these efforts, he said.
+    Latin American countries' exports fell last year by about
+16 pct to 80 billion dlrs, with imports declining slightly to
+around 65 billion dlrs, Mittendorf said.
+    The region's 1986 trade surplus was halved to an estimated
+15 billion dlrs, he said. The cut in exchange earnings of oil
+exporting countries was only partly offset by the advantages
+gained by the region's oil importing states, he noted.
+    The region's principal debtors are Brazil and Mexico, each
+owing about 100 billion dlrs at the end of last year, followed
+by Argentina with around 49 billion dlrs, Venezuela with 33
+billion and Chile with 20 billion dlrs debt.
+    Deutsch-Suedamerikanische Bank welcomed Mexico joining the
+General Agreement on Tariffs and Trade (GATT) in mid 1986,
+which it saw as an effort to integrate the country to a larger
+extent into the world economy.
+    However, realistic exchange rates were needed if the debtor
+countries were to compete in the world market, Mittendorf said.
+    In this respect an easing of protectionist barriers was
+imperative, he said.
+    The conversion of debt into equity was regarded as an
+important additional step towards debt consolidation.
+    West German exports to Latin America declined by 4.1 pct in
+1986 to 11 billion marks. Shipments to Mexico fell 19 pct to
+1.9 billion marks and to Colombia by 15 pct to 600 mln marks,
+Mittendorf said.
+    Exports to Bolivia, Chile, Ecuador and Central America were
+also lower last year than in 1985, while shipments to Brazil
+rose 11.5 pct to around two billion marks. Exports to Argentina
+went up by over three pct to 1.5 billion marks and those to
+Paraguay surged by 42 pct to 106 mln marks, he said.
+    Brazil was West Germany's main Latin American supplier, but
+shipments fell to 4.4 billion marks from 6.4 billion in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9050" NEWID="4137">
+<DATE>12-MAR-1987 08:15:55.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0699&#31;reute
+r f BC-U.K.-GILT-MARKET-TURN   03-12 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. GILT MARKET TURNOVER EASES IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Turnover in the U.K. Government bond
+(gilt) market in February slipped to 81.25 billion stg from
+January's 83.37 billion, although it was 165 pct higher than
+the 30.63 billion in February 1986, the Stock Exchange said.
+    The Stock Exchange noted, however, that turnover between
+bond market-makers through the inter-dealer broker (IDB) screen
+system, as distinct from business with outside clients, has
+only been included from October 1986, meaning that prior data
+is not strictly comparable with recent figures.
+    The contribution to overall February, 1987 volume from IDB
+ business was 43.10 billion stg, against 43.19 in January.
+    In the 20 trading days of February, the average daily
+volume of business was 4.06 billion stg, against an average of
+3.97 billion in January, which had 21 trading days.
+    Total Stock Exchange turnover for the month was 116.73
+billion stg, marginally higher than the 116.65 billion recorded
+in January but 129 pct more than the 50.92 billion of February
+1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9051" NEWID="4138">
+<DATE>12-MAR-1987 08:20:06.05</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0710&#31;reute
+u f BC-PAKISTAN-COULD-IMPORT   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN COULD IMPORT 100,000 TONNES OF PALM OIL</TITLE>
+<DATELINE>    KARACHI, March 12 - </DATELINE><BODY>Pakistan is likely to import 100,000
+tonnes of refined, bleached and deodorised palm oil between
+April and June this year, vegetable oil dealers said.
+    They said the import would be financed by the Islamic
+Development Bank (IDB) which signed an agreement with Pakistan
+earlier this week in Jeddah, Saudi Arabia.
+    Pakistan had imported 600,000 tonnes of edible oil since
+the beginning of the current financial year last July, they
+added. The palm oil would come from Malaysia or Indonesia.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9052" NEWID="4139">
+<DATE>12-MAR-1987 08:20:55.91</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0714&#31;reute
+u f BC-TREASURY-SECRETARY-BA   03-12 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY SECRETARY BAKER DECLINES COMMENT ON G-6</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+declined comment on the February 22 Paris accord between the
+six major industrial nations under which they agreed to foster
+exchange rate stability.
+    Asked by reporters after a speech before the National
+Fitness Foundation banquet what, if any, currency intervention
+levels had been set in Paris, Baker replied: "We never talk
+about intervention."
+    Baker also declined to comment on his views about the
+foreign exchange markets' reaction to the accord.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9053" NEWID="4140">
+<DATE>12-MAR-1987 08:21:05.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0715&#31;reute
+r f BC-JENNIFER-CONVERTIBLES   03-12 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JENNIFER CONVERTIBLES &lt;JENN>INITIAL OFFER STARTS</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Jennifer Convertibles Inc said an
+initial public offering of 500,000 units is underway at eight
+dlrs each through underwriters led by Evans and Co Inc.
+    Each unit consists of two common shares and one redeemable
+Class A warrant enabling the holder to buy one common share at
+five dlrs until March 11, 1992.
+    The shares and warrants are immediately separately
+transferable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9054" NEWID="4141">
+<DATE>12-MAR-1987 08:21:21.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0717&#31;reute
+d f BC-BEL-FUSE-INC-&lt;BELF>-4   03-12 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEL FUSE INC &lt;BELF> 4TH QTR NET</TITLE>
+<DATELINE>    JERSEY CITY, N.J., March 12 -
+    </DATELINE><BODY>Shr 22 cts vs 13 cts
+    Net 1,063,000 vs 639,000
+    Sales 7,489,000 vs 4,656,000
+    Year
+    Shr 55 cts vs 28 cts
+    Net 2,633,000 vs 1,343,000
+    Sales 23.3 mln vs 17.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9055" NEWID="4142">
+<DATE>12-MAR-1987 08:21:26.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0718&#31;reute
+r f BC-SOUTHWEST-REALTY-&lt;SWL   03-12 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST REALTY &lt;SWL> YEAR LOSS</TITLE>
+<DATELINE>    DALLAS, March 12 -
+    </DATELINE><BODY>Shr loss 44 cts vs profit 1.13 dlrs
+    Net loss 1,544,000 vs profit 3,912,000
+    NOTE: Cash flow 1,010,000 dlrs or 29 cts shr vs 2,835,000
+dlrs or 82 cts shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9056" NEWID="4143">
+<DATE>12-MAR-1987 08:21:38.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0719&#31;reute
+r f BC-SOUTHWEST-REALTY-&lt;SWL   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST REALTY &lt;SWL> HAS LIQUIDITY PROBLEMS</TITLE>
+<DATELINE>    DALLAS, March 11 - </DATELINE><BODY>Southwest Realty Ltd said it believes it
+could make all of its scheduled montly debt service payments
+for 1987 despite the falloff in its rental operations, but
+making the payments would probably severely impair its
+liquidity and restrict its ability to maintain the quality of
+its properties.
+    The company today reported a 1986 loss of 1,544,000 dlrs
+compared with a 1985 profit of 3,912,000 dlrs.
+    Southwest said in addition to its monthly scheduyled debt
+service payments, a 1,743,000 dlr loan on one of its Houston
+properties is due to mature on April One.
+    Southwest said a commitment to reduce the interest rate and
+extend the Houston loan for one year has been accepted.
+    It said talks are underway with lenders on other Houston
+properties to obtain partial debt service moratoriums which, if
+granted, would cut 1987 cash deficits from 1986 levels.  The
+loan renegotiations could involve bankruptcy or other
+litigation connected with the specific properties involved and
+could involve the suspension of interest and principal payments
+to some of the lenders.  Southwest said if the attempts to
+restructure debt do not succeed, it could lose one or more of
+the properties.
+    Southwest said the Houston properties made up about 10 pct
+of its current value equity as of December 31 of 14.20 dlrs per
+share, down from 16.68 dlrs a year before.
+    The company said depending on the success of the talks and
+operating results for 1987, one or two more properties could
+become subject to similar negotiations.  The two additional
+properties comprised about 11 pct of its current value equity
+at year-end, Southwest said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9057" NEWID="4144">
+<DATE>12-MAR-1987 08:22:13.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0724&#31;reute
+s f BC-D.H.-HOLMES-CO-LTD-&lt;H   03-12 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>D.H. HOLMES CO LTD &lt;HLME> SETS PAYOUT</TITLE>
+<DATELINE>    NEW ORLEANS, March 12 -
+    </DATELINE><BODY>Qtly div 12-1/2 cts vs 12-1/2 cts prior
+    Pay April One
+    Record March 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9058" NEWID="4145">
+<DATE>12-MAR-1987 08:24:35.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0727&#31;reute
+r f BC-POPE-EVANS-&lt;PER>-REPU   03-12 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POPE EVANS &lt;PER> REPURCHASES SHARES</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Pope, Evans and Robbins Inc said it
+has repurchased 780,000 common shares from Putnam Mills Corp
+principals Sidney and Peter Kaplan for 2.25 dlrs per share.
+    It said the purchase price will be applied against the
+1,700,000 dlrs Putnam Mills currently owes Pope Evans for
+merchandise.  Pope Evans has about 7.6 mln shares outstanding.
+    The company also said it has agreed in principle to acquire
+privately-held Pat Fashions Industries Inc for 18 mln dlrs in
+cash and notes, with financing to come partly from bank
+borrowings, subject to approval by the Pope Evans board and Pat
+shareholders.
+    Pat Fashions imports apparel from the Far East and makes
+apparel domestically as well.  In the year ended November 30,
+Pat earned 5,400,000 dlrs pretax on sales of 83.0 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9059" NEWID="4146">
+<DATE>12-MAR-1987 08:25:33.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0735&#31;reute
+u f BC-BAIRD-&lt;BATM>-GETS-TEM   03-12 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAIRD &lt;BATM> GETS TEMPORARY RESTRAINING ORDER</TITLE>
+<DATELINE>    BOSTON, March 12 - </DATELINE><BODY>Baird Corp said the Massachusetts state
+court for Suffolk county has granted it a temporary restraining
+order prohibiting Mark IV Industries Inc &lt;IV> from further
+purchases of Baird stock until Mark IV complies with the
+Massachusetts Anti-Takeover Statute.
+    The company said Mark IV currently owns at least 17.6 pct
+of Baird stock and has indicated that it may attempt to acquire
+Baird.
+    Baird said the U.S. District Court in Boston has denied
+Mark IV's application for a temporary restraining order to
+prevent enforcement of the Massachusetts takeover law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9060" NEWID="4147">
+<DATE>12-MAR-1987 08:25:44.41</DATE>
+<TOPICS><D>cocoa</D><D>coffee</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0736&#31;reute
+u f BC-JACOBS-SUCHARD-SEES-1   03-12 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JACOBS SUCHARD SEES 100,000 TONNE COCOA SURPLUS</TITLE>
+<DATELINE>    ZURICH, March 12 - </DATELINE><BODY>Jacobs Suchard AG expects a world cocoa
+surplus of around 100,000 tonnes in 1987 compared with a
+104,000 tonne surplus in 1986, Jens Sroka, head of commodity
+buying, told a news conference.
+    The company expects prices to remain at around current
+levels despite the likelihood of agreement on buffer stock
+rules at the forthcoming London cocoa talks, and believes
+market intervention by the buffer stock manager would stabilise
+prices.
+    Sroka said world coffee prices are expected to remain weak
+if any international coffee talks fail to produce agreement.
+    Sroka said stagnating consumption and slight overproduction
+will continue to weigh on coffee prices and he forecast a
+continued build-up in stocks.
+    The recent failure of the London coffee talks had surprised
+market observers.
+    Unless reason prevails and the major producers return to
+the conference table, the world coffee market will remain free
+and the consequences for some producers dependant on coffee for
+their foreign exchange earnings would be catastrophic, Sroka
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9061" NEWID="4148">
+<DATE>12-MAR-1987 08:26:04.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0738&#31;reute
+f f BC-******DUDLEY-TAFT-AND   03-12 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DUDLEY TAFT AND NARRAGANSETT CAPITAL TO PURSUE TAFT BROADCASTING BID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9062" NEWID="4149">
+<DATE>12-MAR-1987 08:26:44.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0741&#31;reute
+d f BC-GENERAL-MINING-UNION   03-12 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MINING UNION CORP LTD (GENM.J) YEAR NET</TITLE>
+<DATELINE>    JOHANNESBURG, March 12 -
+    </DATELINE><BODY>Shr 616 cts vs 481
+    Final div 150 cts vs 140, making 230 vs 195
+    Pre-tax 705.4 mln rand vs 485.2 mln
+    Net 591.7 mln vs 458.0 mln
+    Tax 79.2 mln vs 82.2 mln
+    Attrib to outside shareholders 123.7 mln vs 52.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9063" NEWID="4150">
+<DATE>12-MAR-1987 08:31:00.00</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0751&#31;reute
+f f BC-******U.S.-RETAIL-SAL   03-12 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. RETAIL SALES ROSE 4.1 PCT IN FEB, NON-AUTO SALES ROSE 1.5 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9064" NEWID="4151">
+<DATE>12-MAR-1987 08:31:27.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0753&#31;reute
+d f BC-CALIFORNIA-WORKERS-EN   03-12 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA WORKERS END LONG CANNERY STRIKE</TITLE>
+<DATELINE>    WATSONVILLE, Calif, March 12 - </DATELINE><BODY>An 18-month strike against
+Watsonville Canning and Frozen Foods, one of California's
+largest food processors, ended with workers overwhelmingly
+ratifying a new contract.
+    More than 1,000 workers walked off their jobs in September
+1985 after Watsonville Canning cut their wages from 6.66 dlrs
+an hour to 4.85 dlrs.
+    Watsonville declared bankruptcy last week and the cannery
+was taken over by Norcal Frozen Foods Inc., a consortium of
+growers. A spokeswoman for Teamsters Local 912 said the workers
+voted 543-21 in favor of a new contract.
+    The Norcal offer provides a 5.85 dlrs-per-hour wage with no
+additional benefits for most workers for up to three years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9065" NEWID="4152">
+<DATE>12-MAR-1987 08:37:47.84</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0785&#31;reute
+b f BC-/U.S.-RETAIL-SALES-RI   03-12 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. RETAIL SALES RISE 4.1 PCT IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>U.S. retail sales rose 4.77 billion
+dlrs, or 4.1 pct, in February to a seasonally adjusted 122.29
+billion dlrs, the Commerce Department said.
+    The increase came after a revised 7.4 pct drop in January
+sales to a level of 117.52 billion dlrs. The department
+previously reported January retail sales fell 5.8 pct.
+    Excluding autos, retail sales in February were up 1.5 pct
+after falling by a revised 0.4 pct in January.
+    Department spokesmen said the major cause for the revision
+downward in January sales was a weaker January auto dealer
+sales figure than originally estimated.
+    Auto dealer sales were 26.91 billion dlrs in February, a
+14.4 pct rise from January levels. But January sales dropped by
+27.7 pct from December levels to 23.52 billion dlrs, more than
+the 22.4 pct fall originally reported.
+    The expiration of the sales tax deduction under new tax
+laws on January 1 was the main reason for the drop in January
+sales, department spokesmen said.
+    Sales of durable goods rose in February by 8.8 pct to 46.72
+billion dlrs after dropping by 17.7 pct in January.
+    Building materials rose 1.8 pct in February after falling
+by 1.7 pct in January.
+    Non-durable goods sales rose by 1.3 pct to 75.58 billion
+dlrs in February after falling by 0.2 pct in January, the
+department said.
+    General merchandise stores rose 1.4 pct after increasing
+sales by 1.6 pct in January, and department stores were up two
+pct in February after rising 1.5 pct in January.
+    Food store sales increased 0.4 pct after declining by 1.0
+pct in January, while grocery store sales increased 0.3 pct in
+February after falling 0.6 pct in January.
+    Gasoline service station sales rose 2.0 pct in February
+after a 1.9 pct January increase.
+    Apparel store sales were up 0.8 pct last month after
+falling 3.0 pct in January, while sales at eating and drinking
+places increased 1.5 pct after rising 0.5 pct in January.
+    February's retail sales were 4.4 pct above the year-ago
+level of 117.09 billion dlrs, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9066" NEWID="4153">
+<DATE>12-MAR-1987 08:39:05.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0786&#31;reute
+u f BC-DUDLEY-TAFT-TO-PURSUE   03-12 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUDLEY TAFT TO PURSUE TAFT BROADCAST &lt;TFB> BID</TITLE>
+<DATELINE>    CINCINNATI, March 12 - </DATELINE><BODY>Taft Broadcasting Co vice chairman
+Dudley Taft and Narragansett Capital Inc &lt;NARR> said they
+intend to pursue their effort to acquire Taft Broadcasting
+despite the rejection yesterday of their 145 dlr per share
+offer by the Taft Broadcasting board.
+    Dudley Taft and Narragansett, in a joint statement, said
+they intend to explore alternatives to achieve the acquisition,
+including further talks with Taft Broadcasting.
+    They said they are confident that the Taft Broadcasting
+board will conclude that the resolution of the company's
+current "unstable situation" as quickly as possible is in the
+best interests of all parties.
+    They said the Taft board did not conclude that their offer
+was not fair to Taft shareholders.  Taft Broadcasting
+yesterday, however, said financial advisor Goldman, Sachs and
+Co found the offer to be inadequate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9067" NEWID="4154">
+<DATE>12-MAR-1987 08:40:31.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0788&#31;reute
+d f BC-CBT-HEAD-SAYS-POSITIO   03-12 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT HEAD SAYS POSITION LIMITS HAVE NO PURPOSE</TITLE>
+<AUTHOR>    By Bruce Clark, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>The Commodity Futures Trading
+Commission, CFTC, should increase speculative position limits
+on agricultural futures and do away with them for financial
+futures, Chicago Board of Trade, CBT, chairman Karsten Mahlmann
+said.
+    Reporting to the CFTC Financial Products Advisory Committee
+on the conclusions so far of an ad hoc CBT committee on
+off-exchange trading issues, Mahlmann said, "We came to the
+conclusion that no meaningful purpose is served by speculative
+position limits."
+    Position limits were supposed to prevent market
+manipulation, but "I would submit that the Exchange and the
+CFTC currently have all the tools necessary to prevent market
+manipulation, whether an account is speculative or a hedge,"
+the CBT chairman said.
+    Malmann said the issue was of particular concern to the CBT
+because the exchange faced increasing competition from foreign
+markets, most of which did not have position limits.
+    He said the ad hoc committee, which he also chairs, had
+agreed to propose that the definition of hedging be expanded to
+include risk management as well as risk reduction.
+    Mahlmann said there was a danger that if a category of
+trading was given a name such as "non-speculative hedging,"
+insurance companies and pension funds might be held back from
+engaging in it by the regulatory bodies that govern such
+entities.
+    The ad hoc committee proposed the establishment of
+"prudence guidelines" and a list of market activities that fell
+within those lines which might be lengthened in the future, he
+said.
+    The committee might also propose that CBT itself be allowed
+to enforce position limits on agricultural futures, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9068" NEWID="4155">
+<DATE>12-MAR-1987 08:42:14.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0793&#31;reute
+r f BC-HARPER-GROUP-&lt;HARG>-4   03-12 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARPER GROUP &lt;HARG> 4TH QTR NET</TITLE>
+<DATELINE>    SAN FRANCISCO, March 12 -
+    </DATELINE><BODY>Shr 24 cts vs 31 cts
+    Net 2,245,000 vs 2,885,000
+    Revs 50.7 mln vs 46.5 mln
+    Avg shrs 9,396,000 vs 9,270,000
+    Year
+    Oper shr 96 cts vs 99 cts
+    Oper net 8,994,000 vs 9,220,000
+    Revs 191.5 mln vs 174.7 mln
+    Avg shrs 9,394,000 vs 9,282,000
+    NOTE: 1985 year net excludes 1,360,000 dlr loss from
+discontinued operations.
+    Share adjusted for three-for-two stock split.    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9069" NEWID="4156">
+<DATE>12-MAR-1987 08:50:08.10</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE><D>mulroney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0808&#31;reute
+r f PM-PREMIERS   03-12 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA LEADERS FAIL TO SET PACT ON FREE TRADE</TITLE>
+<AUTHOR>    By Russell Blinch</AUTHOR>
+<DATELINE>    OTTAWA, March 12 - </DATELINE><BODY>Prime Minister Brian Mulroney said he
+held "frank" discussions with the Canadian province premiers on
+the pace of free trade talks with the United States, but the
+longstanding issue of provincial ratification remains to be
+settled.
+    Speaking to reporters after nearly five hours of meetings
+with the 10 premiers, Mulroney said further discussions would
+be held in June and September to discuss the role of the
+provinces in approving any new trade deal.
+    But he maintained progress was being made in the sweeping
+talks with the Unites States that got under nearly two years
+ago.
+    "It appears reasonable progress is being made (in the
+talks)," Mulroney said.
+    Alberta Premier Don Getty agreed, "Things are running pretty
+quickly now."
+    The talks, launched by Mulroney's Progressive Conservative
+government after concerns about protectionist sentiment in the
+U.S., are aimed reducing the remaining barriers between the
+world's largest trading partnership.
+    But the provinces are expected to play a major role in any
+new trading arrangement, and some of the provincial leaders
+complained of a lack of progress on reaching a ratification
+formula.
+    "It's my view that we should be thinking about these things
+right now, along with the questions of the substance of the
+agreement," commented Ontario Premier David Peterson, who has
+been highly critical of the talks in the past.
+    But Newfoundland Premier Brian Peckford said an agreement
+was more likely to emerge by consensus and there would be no
+need for a "hard and fast formula."
+    Peckford said it appears Canada is prepared to make
+concessions to the United States on financial services in order
+to make inroads on other bargaining areas, such as agriculture.
+    Canadian published reports, quoting government sources, say
+the two countries are close to reaching a trade deal and it
+will involve eliminating border tariffs and many non-tariff
+barriers over the next 10 to 12 years.
+    A rough draft of the accord is expected to be presented to
+the premiers at the June meeting while the finished document is
+hoped to be presented to Congress in October.
+    "It's a very tight time frame," Ontario's Peterson said last
+night. "But at this moment it is tough to say what will
+transpire."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9070" NEWID="4157">
+<DATE>12-MAR-1987 08:51:25.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0812&#31;reute
+d f BC-HEALTHSOUTH-REHABILIT   03-12 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHSOUTH REHABILITATION CORP &lt;HSRC> 4TH QTR</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., March 12 -
+    </DATELINE><BODY>Shr profit eight cts vs loss 10 cts
+    Net profit 622,000 vs loss 564,000
+    Revs 7,508,000 vs 1,913,000
+    Year
+    Shr profit 15 cts vs loss 28 cts
+    Net profit 933,000 vs loss 1,548,000
+    Revs 19.8 mln vs 4,799,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9071" NEWID="4158">
+<DATE>12-MAR-1987 08:53:26.24</DATE>
+<TOPICS><D>acq</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0818&#31;reute
+r f PM-SEMICONDUCTORS   03-12 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE OPPOSES JAPANESE PURCHASE OF FIRM</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+has asked the White House to consider blocking the planned
+Japanese acquisition of a major U.S. supercomputer and
+semiconductor manufacturer for national security reasons, U.S.
+officials said.
+    The officials, who asked not to be named, said yesterday
+that Baldrige has "serious concerns" about the sale of Fairchild
+Semiconductor Corp. to Fujitsu Ltd., another major electronics
+firm.
+    The officials told Reuters that if the sale went through it
+could leave the U.S. military overly dependent on a foreign
+/ompany for vital high technology equipment used in its
+advanced missiles, aircraft electronics and intelligence
+gathering.
+    In addition, they said, the sale would also worsen the
+already strained trade relations between the U.S. and Japan
+stemming from the huge Japanese surplus.
+    The White House Economic Policy Council would consider the
+sale in the coming weeks, they said.
+    Defense Secretary Caspar Weinberger's position was not
+immediately known but in the past he has opposed the transfer
+of high technology to foreign governments and companies.
+    Supercomputers made by Fairchild and other U.S.
+manufacturers are widely used throughout the world, but none
+have been sold to the Japanese government or to Japanese
+government-run agencies and universities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9072" NEWID="4159">
+<DATE>12-MAR-1987 08:54:32.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0822&#31;reute
+d f BC-FIRST-UNION-&lt;FUNC>-AC   03-12 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION &lt;FUNC> ACQUISITION ADVANCES</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., March 12 - </DATELINE><BODY>First Union Corp said
+shareholders of First North Port Bancorp of Northport, Fla.,
+have approved a merger into First Union for 40 dlrs per share,
+or about 5,100,000 dlrs.
+    The company said the acquisition is still subject to
+regulatory approvals and is expected to be completed during the
+second quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9073" NEWID="4160">
+<DATE>12-MAR-1987 08:55:44.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0823&#31;reute
+d f BC-SAND-TECHNOLOGY-&lt;SNDC   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAND TECHNOLOGY &lt;SNDCF> MULLING REVERSE SPLIT</TITLE>
+<AUTHOR>    By Solange De Santis</AUTHOR>
+<DATELINE>    Toronto, March 11 - </DATELINE><BODY>Sand Technology Systems Inc said it is
+considering a reverse stock split of at least one-for-10 and
+expects to report a second-quarter profit, compared to a loss
+last year.
+    The stock consolidation "is something we're discussing, but
+it's not definite," Sand Technology president Jerry Shattner
+told Reuters in an interview.
+    A private placement recently brought the number of
+outstanding shares to 106 mln, up from 97.1 mln shares on July
+31, 1986, the fiscal yearend.
+    "The company has always had the aura of a penny stock,"
+Shattner said, adding that Sand plans, at some time, to apply
+for listing on the Montreal Stock Exchange.
+    Shattner said the company expects to report a profit of
+five pct, or about 350,000 dlrs, on sales of seven mln dlrs,
+for the second quarter ended January 31. Results for the third
+quarter should be about the same as the second, he added.
+    Last year, Sand lost 243,064 dlrs on revenues of 7,012,195
+dlrs in the second quarter.
+    After "a disastrous first quarter," Sand hopes to break even
+in the current fiscal year, Shattner said. The company has
+scaled back its sales forecast to about 25 mln dlrs, from the
+33.5 mln dlrs projected in December.
+    The rapid appreciation of the Japanese yen against U.S. and
+Canadian dollars last year led to Sand's loss of 2.1 mln dlrs,
+or two cts per share, on sales of 24.9 mln dlrs.
+    In the first fiscal quarter this year, the company lost
+1,350,387 dlrs, or one ct per share, on sales of 3,570,585
+dlrs.
+    Shattner believes the company will post better results this
+year due to several factors.
+    "Last year, one of our biggest problems was we were buying
+products in Japanese yen. We now buy some products from Hitachi
+in U.S. dollars and the results are starting to show up in the
+second quarter," he said.
+    Sand Technology sells, under its trademark, computer
+accessories such as disk drives, solid-state memory enhancement
+devices and printers manufactured by Hitachi Ltd &lt;HIT> of
+Japan.
+    Shattner said Sand's affiliate in Detroit, ST Systems Inc,
+is developing software that lets large maniframe computers
+handle large databases and share them between applications.
+    It is also distributing a new product called Sapiens, which
+is artificial intelligence computer language for use by major
+corporations.
+    The company has also reduced costs through some staff
+cutting and a switch to profit sharing plans for sales staff
+instead of straight commissions, Shattner said.
+    And Sand plans to market a laser printer in the fourth
+fiscal quarter, Shattner said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9074" NEWID="4161">
+<DATE>12-MAR-1987 08:56:15.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0826&#31;reute
+d f BC-&lt;CONCORDE-VENTURES-IN   03-12 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CONCORDE VENTURES INC> IN MERGER AGREEMENT</TITLE>
+<DATELINE>    DENVER, March 12 - </DATELINE><BODY>Concorde Ventures Inc said it has signed
+a letter of intent to acquire Englewood, Colo., homebuilder
+Winley Inc for 12 mln common shares.
+    The investment company said after the merger the combined
+company will have 15 mln shares outstanding.
+    For the year ended January 31, Winley earned 116,000 dlrs
+pretax on revenues of 11.7 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9075" NEWID="4162">
+<DATE>12-MAR-1987 08:56:38.50</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0827&#31;reute
+d f BC-DUNE-RESOURCES-&lt;DNLAF   03-12 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUNE RESOURCES &lt;DNLAF> RESERVES ROSE IN 1986</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 11 - </DATELINE><BODY>Dune Resources Ltd said its oil
+reserves increased 225 pct during 1986 while its natural gas
+reserves were up six pct.
+    The company said its proven oil reserves were estimated at
+605,682 barrels on December 31, up from 186,655 barrels a year
+earlier boosted by discoveries during the year put at 423,659
+barrels.
+    It said gas reserves rose to 8.8 mln cubic feet from 8.3
+mln on Dec 31, 1985, as discoveries of nearly 1.3 mln cubic
+feet were partialy offset by production of 287,391 cubic feet
+and downward revisions of previous estimates totaling 491,694
+cubic feet.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9076" NEWID="4163">
+<DATE>12-MAR-1987 08:58:38.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0833&#31;reute
+h f BC-DEUTSCHE-BABCOCK,-KWU   03-12 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE BABCOCK, KWU SHARE BILLION MARK CONTRACT</TITLE>
+<DATELINE>    OBERHAUSEN, West Germany, March 12 - </DATELINE><BODY>Deutsche Babcock AG
+&lt;DBCG.F> said it and Siemens AG &lt;SIEG.F> subsidiary Kraftwerk
+Union AG &lt;KAWG.F>, KWU, have won an order from the city of
+Munich for an electricity and heating-generating plant which
+company sources said was worth slightly more than one billion
+marks.
+    A Babcock statement said its share of the order alone was
+worth 800 mln marks, the largest domestic contract it has ever
+received.
+    It gave no figure for KWU's share but company sources said
+the total order was worth slightly more than one billion marks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9077" NEWID="4164">
+<DATE>12-MAR-1987 08:59:23.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0834&#31;reute
+f f BC-******BORG-WARNER-TO   03-12 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BORG-WARNER TO SELL INDUSTRIAL PRODUCTS BUSINESS FOR ABOUT 240 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9078" NEWID="4165">
+<DATE>12-MAR-1987 09:01:08.51</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0838&#31;reute
+r f BC-JAPAN-ECONOMY-MAY-BE   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ECONOMY MAY BE NEAR BOTTOM, ECONOMISTS SAY</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>The worst may be just about over for
+Japan's battered economy but economists said they do not expect
+a vigorous recovery anytime soon. Japanese bank economists
+polled by Reuters said the economy's 18 month-old slowdown is
+likely to end in the first half of this year, helped by rising
+exports, stepped-up government spending and falling prices. "The
+economy will bottom out in the middle of the year," said
+Sumitomo Bank Ltd chief economist, Masahiko Koido.
+    Industrial Bank of Japan Ltd senior economist Susumu
+Taketomi agreed. "It (the bottom) is in the offing," he said.
+    But he added that the recovery will be slow. Growth in the
+fiscal year beginning next month will only pick-up 2.2 pct,
+from two pct in the current year, he said.
+    Signs that the economy has just about weathered the worst
+are increasing.
+    The volume of exports in the first two months of the year
+rose slightly on a year-on-year basis, after declining toward
+the end of last year.
+    Although this may be due to extraordinary factors such as a
+sharp rise in car exports to rebuild depleted European stocks,
+several economists said it could mark the beginning of a
+recovery.
+    Industrial production fell 0.7 pct in January, much smaller
+than expected, and is forecast by the government to rise 0.3
+pct in February and 2.6 pct in March. A Bank of Japan survey
+released last week showed that the decline in Japanese
+corporate earnings may be nearing its end.
+    And the Paris currency accord last month has fostered hopes
+the rapid yen rise has come to the end, they said.
+    Six nations - the U.K., Canada, France, Japan, the U.S. And
+West Germany - pledged in Paris last month to stabilise
+currencies around current levels.
+    The yen's 40 pct climb against the dollar over the last two
+years has hit the export-driven economy hard, by forcing its
+companies to raise prices and lose sales in the U.S. Market.
+    "The important thing is the exchange rate," Taketomi said.
+    If it stabilises firms will grow more confident and raise
+investment in plant and equipment, although there are no signs
+of that yet, economists said.
+    A stable yen would also help exporters regain some of their
+competitive edge just as the U.S economy may be starting to
+recover, economists said.
+    Domestically, the economy may get a boost from some
+loosening of the government's tight fiscal policy said Haruo
+Muto, manager of national economics at the Bank of Tokyo Ltd.
+    The next reading of the economy's health should come early
+next week with the release of gnp figures for the last quarter,
+1986.
+    Most private economists expect a rise of about 0.5 pct from
+the previous quarter. In the third quarter, GNP rose 0.6 pct.
+    But a senior government official said the fourth quarter
+figures could surprise by showing a rise of more than one point
+quarter-on-quarter. But he added that would be a statistical
+aberration and not a significant shift in economic activity.
+    To maintain year-on-year growth of around 2.5 pct, the
+economy would have had to rise about 1.2 pct in the fourth
+quarter as the final quarter of 1985 was strong.
+     The rise in the fourth quarter of 1985 was probably a
+statistical anomaly that was repeated in the final months of
+1986, the official said.
+    Economists said the fourth quarter figures were also
+distorted by the government's sale of gold coins in the second
+half of 1986.
+    Because the coins were classified as legal tender, their
+purchase did not show up in the statistics on consumer
+expenditure. Consumer spending also tailed off in December
+because of bad weather and smaller-than-normal end-year
+bonuses, they said.
+    As the government had to buy back some of the coins from
+retailers because they were unsold, the government's
+contribution to the economy in the fourth quarter may have been
+boosted, economists said.
+    Taketomi said it may have received a further boost from
+government buying of farm products as the domestic crop last
+year was good.
+    The senior government official said the fourth quarter
+performance of the domestic sector was probably worse than
+generally expected, while that of the external sector was
+better.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9079" NEWID="4166">
+<DATE>12-MAR-1987 09:05:29.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0853&#31;reute
+u f BC-NEW-U.K.-POLL-SAYS-TO   03-12 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW U.K. POLL SAYS TORIES HAVE SIX-POINT LEAD</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Britain's ruling Conservatives have
+moved into a six-point lead over the main opposition Labour
+Party, a Marplan poll published in today's Guardian newspaper
+reports.
+    The Conservatives are shown with a 38 pct share of the vote
+against 32 pct for Labour and 27 pct for the centrist
+Social-Democratic/Liberal Alliance.
+    Prime Minister Margaret Thatcher has until June, 1988 to
+call a general election, but most political analysts expect her
+to go to the country some time this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9080" NEWID="4167">
+<DATE>12-MAR-1987 09:05:55.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0856&#31;reute
+r f BC-QINTEX-EXTENDS-PRINCE   03-12 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QINTEX EXTENDS PRINCEVILLE &lt;PVDC> OFFER</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>&lt;Qintex America Ltd> said it is again
+extending its offer of 13 dlrs a share for 3.3 mln Princeville
+Development Corp shares until today from yesterday.
+    As reported yesterday, Qintex said, about seven mln
+Princeville shares had been tendered in response to the offer.
+    Qintex said it is extending the offer to allow Princeville
+to comply with federal law restricting the ownership of U.S.
+airlines by non-U.S. citizens and to finalize the terms and
+conditions of the letter of credit or bank guarantee required
+under the previously announced acquisition agreement.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9081" NEWID="4168">
+<DATE>12-MAR-1987 09:06:37.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>stse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0857&#31;reute
+d f BC-JM-BYGGNADS-SHARES-SU   03-12 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JM BYGGNADS SHARES SUSPENDED ON STOCKHOLM BOURSE</TITLE>
+<DATELINE>    STOCKHOLM, March 12 - </DATELINE><BODY>Shares in building firm &lt;JM Byggnads
+och Fastighets AB> were suspended on the Stockholm bourse at
+the company's own request, the bourse said.
+    The suspension will last until the end of trading on
+Friday, the bourse added in a statement, but gave no further
+details.
+    JM is half-owned by Skanska AB &lt;SKBS ST>, which has offered
+to buy out the remaining stock, but analysts said JM could have
+been approached with a rival bid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9082" NEWID="4169">
+<DATE>12-MAR-1987 09:07:47.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0860&#31;reute
+r f BC-CORRECTED-NETWORK-VID   03-12 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED-NETWORK VIDEO INC &lt;NVID> 3RD QTR</TITLE>
+<DATELINE>    SARASOTA, Fla., March 12 - </DATELINE><BODY>Feb 28 end
+    Shr five cts vs one ct
+    Net 161,019 vs 50,745
+    Revs 1,048,543 vs 478,700
+    Avg shrs 3,217,500 vs 4,350,000
+    Nine mths
+    Shr 12 cts vs four cts
+    Net 390,179 vs 169,275
+    Revs 2,658,692 vs 1,478,066
+    Avg shrs 3,217,500 vs 4,350,000
+    NOTE: Corrects reversed figures in March 11 item.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9083" NEWID="4170">
+<DATE>12-MAR-1987 09:09:49.42</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0863&#31;reute
+u f PM-TAIWAN   03-12 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS OPPOSE STRICT TAIWAN CURRENCY CONTROLS</TITLE>
+<DATELINE>    TAIPEI, March 12 - </DATELINE><BODY>Taiwan imposed currency controls today
+in what bankers called a desperate move to prevent speculation
+as the Taiwan dollar appreciated against the U.S. currency.
+    The strict controls will require proof that large
+remittances to Taiwan are connected to commercial transactions
+rather than currency speculation.
+    Bankers attacked the controls as ineffective, saying they
+were a panic reaction to pressure from Washington for faster
+appreciation of the Taiwan currency against the U.S. dollar,
+which would slow exports to the United States.
+    Remittances exceeding one mln dlrs earned through exports,
+shipping, insurance or bank lending will now need government
+approval, along with remittances of more than 10,000 dlrs from
+any other source.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9084" NEWID="4171">
+<DATE>12-MAR-1987 09:14:06.67</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>saudi-arabia</D><D>iran</D><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0871&#31;reute
+u f BC-SAUDI-STEAM-TANKER-RE   03-12 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI SUPERTANKER REPORTED HIT BY IRAN OFF UAE</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Iran attacked the Saudi Arabian
+supertanker Arabian Sea off the United Arab Emirates last night
+but the vessel was able to proceed after the incident, Lloyds
+Shipping Intelligence reported.
+    The 315,695-dwt Arabian Sea had set sail on Tuesday after
+loading oil at the Saudi port of Ras Tannurah. Lloyds said the
+attack occurred at about 2200 hrs local time (1800 GMT).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9085" NEWID="4172">
+<DATE>12-MAR-1987 09:14:16.78</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0872&#31;reute
+d f PM-TAIWAN-IMPORTS   03-12 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN TO RELAX IMPORT CURBS ON MORE GOODS</TITLE>
+<DATELINE>    TAIPEI, March 12 - </DATELINE><BODY>Taiwan will relax import controls on
+more foreign goods, a government spokesman said today.
+    The move was to allow greater access to Taiwan markets by
+overseas trading partners, especially the United States, an
+official of the Council for Economic Planning and Development
+told Reuters.
+    Import curbs on about 400 foreign goods, including
+stationery and books, would soon be relaxed, he said.
+    Taiwan announced it would ease curbs on some 600 farming
+and industrial products last month.
+    The official said the moves were intended to balance trade
+between Taiwan and the United States and other trading
+partners. Taiwan's trade surplus reached a record 15.6 billion
+dlrs last year, up from 10.62 billion in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9086" NEWID="4173">
+<DATE>12-MAR-1987 09:16:01.55</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0877&#31;reute
+u f BC-U.K.-RETAILERS-SEE-GR   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. RETAILERS SEE GROWTH IN CONSUMER SPENDING</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>U.K. Retailers expect consumer spending
+to accelerate in March after a disappointing increase in
+February, according to a monthly survey by the Confederation of
+British Industry (CBI).
+    Fifty-nine pct of the 325 retailers questioned for the
+latest Distributive Trades Survey expected sales to be higher
+in March than they were in March 1986, with only six pct
+expecting lower sales.
+    The chairman of the Distributive Trades Survey Panel, Nigel
+Whittaker, said a favourable Budget next week would further
+help sales during the summer.
+    Figures released earlier this week showed retail sales in
+January fell 2.2 pct, mainly due to exceptionally cold weather.
+    "Sales did not recover in February as much as retailers had
+expected, and they are now looking for better business in
+March," today's survey said.
+    It reported clothing stores were the most optimistic, with
+80 pct expecting sales in March to be higher than a year ago.
+    Wholesalers also expected stronger sales in March, while
+both retailers and wholesalers reported slower growth in import
+penetration, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9087" NEWID="4174">
+<DATE>12-MAR-1987 09:19:05.29</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>japan</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0888&#31;reute
+u f BC-MOST-JAPAN-FIRMS-NOT   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOST JAPAN FIRMS NOT RENEWING IRAN TERM CONTRACTS</TITLE>
+<AUTHOR>    By Jennie Kantyka, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 12 - </DATELINE><BODY>Most Japanese companies have decided not
+to renew term contracts to lift Iranian crude oil because spot
+prices remain considerably lower than OPEC's official levels,
+industry sources said.
+    They said a cargo of the Mideast benchmark crude Dubai
+traded yesterday at 16.50 dlrs a barrel, compared to its
+official price of 17.42 dlrs.
+    Only one Japanese company has renewed its term contract for
+Iranian crude oil for the second quarter, the sources said.
+    The sources said Japanese companies had been lifting a
+total of about 185,000 barrels per day (bpd) of Iranian crude
+under term contracts, but only one firm has agreed to lift in
+the second quarter. It is lifting just 10,000 to 15,000 bpd.
+    They said this move could inspire Iran to offer discounts
+on cargoes loading in April, but the likelihood of discounts
+depended largely on the levels of spot prices.
+    "If the spot price of Dubai goes above 17.30 dlrs we would
+probably buy Iranian crude at the official price," one Japanese
+refiner said.
+    "We don't intend to put pressure on them," he added.
+    Buyers have little incentive to renew contracts to lift oil
+at official OPEC prices while spot prices on all grades are
+considerably lower, oil traders said.
+    They said if spot prices move higher there will be no
+problem finding OPEC crude to purchase at the official prices.
+Qatar has chartered floating storage for its crude oil after
+finding no buyers at official prices in March. The problem is
+likely to recur in April, adding to that country's surplus.
+    The traders added that Iraq had dissociated itself from
+OPEC's December production agreement, while agreeing to the
+fixed prices.
+    But oil analysts said if OPEC keeps group output close to
+its first-half 1987 ceiling of 15.8 mln bpd, supply and demand
+would be balanced by the end of the second quarter.
+    They also said if OPEC holds its official price structure
+based on a reference price of 18 dlrs, spot price fluctuations
+should be limited to a 16.50 to 17.20 dlrs range for Dubai and
+a 17 to 18 dlrs range for the North Sea's Brent blend.
+    One Japanese refiner said, "At the moment there's a lot of
+pressure on OPEC, particularly on Qatar. But if they hold out
+there will be no problem, and I'm beginning to trust their
+ability."
+    Nigerian oil minister and OPEC president Rilwanu Lukman
+told a news conference in Lagos yesterday, "Nigeria and all
+member countries of OPEC remain determined to uphold the
+December agreement by adhering strictly to their various quotas
+and official selling prices."
+    He said OPEC believed consumers had drawn heavily on stocks
+of both crude oil and refined products, reducing them to levels
+well below this time last year. He said consumers would soon
+return to the market in search of crude.
+    A Japanese refiner said, "The European and U.S. Markets are
+beginning to look better so OPEC might be quite lucky."
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9088" NEWID="4175">
+<DATE>12-MAR-1987 09:19:23.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0889&#31;reute
+r f BC-POSSIS-&lt;POSS>-VOTES-1   03-12 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POSSIS &lt;POSS> VOTES 100 PCT STOCK DIVIDEND</TITLE>
+<DATELINE>    MINNEAPOLIS, March 12 - </DATELINE><BODY>Possis Corp said its board approved
+a 100 pct stock dividend payable May One, record March 27.
+    At the company's annual meeting Wednesday, Possis said
+shareholders approved a proposal to increase the authorized
+common shares to 20 mln from eight mln. The company currently
+has about 3.9 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9089" NEWID="4176">
+<DATE>12-MAR-1987 09:19:47.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0890&#31;reute
+d f BC-SEAL-INC-&lt;SINC>-1ST-Q   03-12 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEAL INC &lt;SINC> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    NAUGATUCK, Conn., March 12 -
+    </DATELINE><BODY>Shr 29 cts vs 16 cts
+    Net 610,000 vs 329,000
+    Sales 6,714,000 vs 4,582,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9090" NEWID="4177">
+<DATE>12-MAR-1987 09:20:00.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0891&#31;reute
+a f BC-DOW-CHEMICAL-CO-&lt;DOW>   03-12 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW CHEMICAL CO &lt;DOW> REGULAR DIVIDEND</TITLE>
+<DATELINE>    MIDLAND, MICH., March 12 -
+    </DATELINE><BODY>Qtly div 50 cts vs 50 cts prior
+    Pay April 30
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9091" NEWID="4178">
+<DATE>12-MAR-1987 09:20:41.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0895&#31;reute
+r f BC-TELCO-&lt;TELC>-DELAYS-D   03-12 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELCO &lt;TELC> DELAYS DEFENSIVE RIGHTS OFFERING</TITLE>
+<DATELINE>    NORWOOD, Mass., March 12 - </DATELINE><BODY>Telco Systems Inc said its plan
+to distribute a dividend of common stock purchase rights to
+shareholders of record on March 16 has been delayed pending the
+completion of necessary regulatory approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9092" NEWID="4179">
+<DATE>12-MAR-1987 09:21:40.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>jamaica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0900&#31;reute
+d f AM-JAMAICA   03-12 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMAICA PUTS CAP ON BORROWING</TITLE>
+<DATELINE>    KINGSTON, Jamaica, March 12 - </DATELINE><BODY>Jamaica has put a cap on its
+3.5 billion dlr foreign debt and will reduce its obligations by
+300 mln dlrs this year, Prime Minister Edward Seaga said.
+    Seaga yesterday said Jamaica has reached its "maximum stock
+of debt" and will not undertake any more borrowing until it was
+justified by economic growth. "This year we'll be reducing the
+stock of debt by 300 mln dlrs," he said.
+    He said his government aims to get Jamaica's ratio of debt
+payments to foreign exchange earnings down from the current
+level of 50 pct to 25 pct over the next two to three years.
+Debt payments this year are expected to total 287 mln dlrs,
+Seaga said. Seaga yesterday concluded an agreement with
+Jamaica's creditor banks to reschedule some 181 mln dlrs due in
+1987-89 over the next 12 years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9093" NEWID="4180">
+<DATE>12-MAR-1987 09:25:15.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0923&#31;reute
+d f BC-SYNERGETICS-&lt;SYNG>-GE   03-12 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNERGETICS &lt;SYNG> GETS CHINESE ORDER</TITLE>
+<DATELINE>    BOULDER, Colo., March 12 - </DATELINE><BODY>Synergetics International Inc
+said it has received its first order from China, a 250,000 dlr
+order for a flood management system to be used in the Daning
+and Yuzixi river basins of the Yangtse River.
+    The company also said it has received Japanese government
+certification for its satellite transmitter products, allowing
+users of Synergetics' remote computer systems to transmit a
+variety of hydrological and meteorological data via the Japan
+Space Agency's GMS satellite.
+    In addition, it said it has appointed Vaisala KK of
+Helsinki as exclkusive distributor of its products throughout
+Japan and has awarded Sierra/Misco Inc expanded distribution
+rights, in the Philippines, Malaysia, Sumatra, Nepal, India,
+Bengal, Thailand, Singapore and Indonesia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9094" NEWID="4181">
+<DATE>12-MAR-1987 09:26:01.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0925&#31;reute
+r f BC-BRITISH-CALEDONIAN-SE   03-12 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH CALEDONIAN SEEKS LONGER AMERICAN FLIGHTS</TITLE>
+<DATELINE>    LOS ANGELES, March 12 - </DATELINE><BODY>&lt;British Caledonian Airways> said
+it filed an application with Britain's Civil Aviation Authority
+for authority to operate the only direct flights between the
+United Kingdom and Mexico City.
+    The airline said it will submit an application March 17 to
+provide direct service between the United Kingdom and Phoenix.
+Earlier this week it applied for the license to serve San Diego.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9095" NEWID="4182">
+<DATE>12-MAR-1987 09:26:49.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0928&#31;reute
+u f BC-CLAYTON-AND-DUBILIER   03-12 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLAYTON AND DUBILIER NEW JOINT UNIT TO BUY FIRM</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Clayton and Dubilier Inc and senior
+management of a unit of Borg-Warner Corp &lt;BOR> said it will
+form a new company to buy Borg-Warner's industrial products
+group for about 240 mln dlrs.
+    Borg-Warner industrial products has sales of about 300 mln
+dlrs from three divisions, which provide advanced technology
+fluid transfer and control equipment, systems and
+services worldwide, Clayton said.
+    The new company will have 3,000 employees and be
+headquartered in Long Beach, Calif., the company said.
+    Peter Valli, vice president of Borg-Warner Corp and
+president of its industrial products division, will become
+president and chief executive officer of the new company,
+according to Clayton.
+    Clayton, a private investment firm, said this was the third
+mangement buyout of a divestiture completed by them since
+December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9096" NEWID="4183">
+<DATE>12-MAR-1987 09:27:01.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0929&#31;reute
+r f BC-COMBUSTION-ENGINEERIN   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMBUSTION ENGINEERING &lt;CSP> GETS THAI ORDER</TITLE>
+<DATELINE>    STAMFORD, Conn., March 12 - </DATELINE><BODY>Combustion Engineering Inc said
+the Electricity Generating Authority of Thailand has exercised
+an option to purchase a 300 megawatt coal-fired steam generator
+from CEMAR, a consortium of Combustion Engineering Canada Inc
+and Japan's Marubeni Corp.
+    Combustion Engineering said the project is valued at about
+30 mln dlrs.
+    The new steam generator, which will burn local lignite,
+will be manufactured in Canada and installed as Unit Nine at
+the Mae Moh power station in Lampang, Thailand. The unit is
+expected to go into commercial operation in 1990.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9097" NEWID="4184">
+<DATE>12-MAR-1987 09:27:07.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0930&#31;reute
+d f BC-U.S.-HEALTH-INC-&lt;USHI   03-12 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HEALTH INC &lt;USHI> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    BALTIMORE, March 12 -
+    </DATELINE><BODY>Shr 10 cts vs seven cts
+    Net 1,541,000 vs 1,056,000
+    Revs 20.1 mln vs 17.0 mln
+    1st half
+    Shr 19 cts vs 11 cts
+    Net 2,945,000 vs 1,742,000
+    Revs 38.2 mln vs 35.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9098" NEWID="4185">
+<DATE>12-MAR-1987 09:28:13.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0935&#31;reute
+f f BC-******K-MART-CORP-4TH   03-12 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>K MART CORP 4TH QTR  SHR 2.11 DLRS VS NINE CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9099" NEWID="4186">
+<DATE>12-MAR-1987 09:29:02.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0937&#31;reute
+d f BC-FIRST-AMERI-CABLE-&lt;FA   03-12 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST AMERI-CABLE &lt;FATV> FILES OFFERING</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 12 - </DATELINE><BODY>First Ameri-Cable Corp said that
+First Ameri-Cable Income Fund Ltd filed a registration
+statement with the Securities and Exchange Commission to raise
+from one mln dlrs to 50 mln dlrs on a best efforts basis.
+    First Ameri-Cable said it acts as general partner for First
+Ameri-Cable Income Fund.
+    First Ameri-Cable said First Ameri-Cable Income Fund
+intends to use the funds to buy existing cable systems or
+ownership interest in existing cable systems from third parties
+or from First Ameri-Cable Corp.
+    First Ameri-Cable Income Fund intends to operate the
+systems it purchases, First Ameri-Cable said.
+    The company said the offering will be made in two series,
+with the Series A units priced at 29.20 dlrs each, and the
+Series B units priced at 20 dlrs each.
+    First Ameri-Cable said the minimum purchase allowed is 25
+units in any combination of series A and B.
+    The selling agent for the offering is First Cable
+Securities Corp, a wholly owned unit of First Amer-Cable Corp,
+the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9100" NEWID="4187">
+<DATE>12-MAR-1987 09:29:21.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0939&#31;reute
+r f BC-fivestar   03-12 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED FIVE STAR RESOURCES ISSUES STOCK</TITLE>
+<DATELINE>    EDMONTON, Alberta, March 11 - </DATELINE><BODY>&lt;Consolidated Five Star
+Resources Ltd> said it agreed to issue 1.25 mln dlrs of common
+stock and 10.75 mln dlrs of convertible preferred stock in a
+private placement.
+    The three-year 7-1/2 pct preferred shares are convertible
+into common shares at 60 cts a share, and exchangeable into
+1,650,000 common shares of &lt;Cancapital Corp> owned by
+Consolidated Five Star. Proceeds will be used to retire bank
+debt, with the balance added to working capital.
+    Consolidated Five Star previously said it borrowed 10.75
+mln dlrs from a bank to acquire &lt;Chaffinch Ltd>.
+                                                               
+        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9101" NEWID="4188">
+<DATE>12-MAR-1987 09:29:52.88</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0941&#31;reute
+b f BC-UK-MONEY-MARKET-GIVEN   03-12 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK MONEY MARKET GIVEN FURTHER TWO MLN STG HELP</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The Bank of England said it gave the
+market further assistance of two mln stg during the afternoon,
+buying that amount of band two bank bills at 10-5/16 pct.
+    The bank has given the market assistance worth 1.503
+billion stg today to offset a shortage it estimated at a
+revised 1.60 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9102" NEWID="4189">
+<DATE>12-MAR-1987 09:30:22.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0945&#31;reute
+d f BC-ENVIRONMENTAL-SYSTEMS   03-12 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIRONMENTAL SYSTEMS CO &lt;ESC> 1ST QTR JAN 31</TITLE>
+<DATELINE>    LITTLE ROCK, Ark., March 12 -
+    </DATELINE><BODY>Shr 13 cts vs 15 cts
+    Net 2,193,000 vs 1,918,000
+    Revs 18.2 mln vs 15.2 mln
+    NOTE: Share after preferred dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9103" NEWID="4190">
+<DATE>12-MAR-1987 09:30:48.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0947&#31;reute
+u f BC-SWEDISH-VIROLOGIST-UN   03-12 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH VIROLOGIST UNVEILS NEW AIDS BLOOD TEST</TITLE>
+<DATELINE>    ZURICH, March 12 - </DATELINE><BODY>A Swedish virologist unveiled a new AIDS
+blood test using synthetic antigens, or substances which
+combine with antibodies to make them detectable, which would be
+much cheaper and more reliable than existing tests.
+    Anders Vahlne said the test, developed at Gothenburg
+University, was accurate enough to eliminate the need for a
+second test usually carried out to double-check those found to
+be "AIDS positive," that is with AIDS antibodies in their blood.
+    Vahlne said the test could be on the market in between four
+and eight months. A small Swiss firm, Virovahl S.A., Helped
+finance it.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9104" NEWID="4191">
+<DATE>12-MAR-1987 09:31:00.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0949&#31;reute
+r f BC-CME-CONTINUES-DELIBER   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME CONTINUES DELIBERATION ON DUAL TRADING BAN</TITLE>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>Directors of the Chicago Mercantile
+Exchange (CME) adjourned a meeting late last night without
+reaching a decision on a petition to ban dual trading in
+Standard and Poor's 500 stock index futures, an exchange
+official said.
+    CME president Bill Brodsky told Reuters that the CME board
+would meet again today and probably reach a decision either
+late today or tomorrow.
+    Dual trading involves the right of members to trade for
+their own account as well filling orders for customers.
+    The petition, signed by several hundred exchange members
+when it was circulated on the floor of the CME two weeks ago,
+calls for the elimination of dual trading in the S and P pit.
+Some industry watchers believe that if the CME eliminates the
+practice other exchanges will have to consider such a move.
+    The practice has drawn criticism from some sectors in that
+it provides an opportunity for abusive practices in which
+customer orders are not executed at the best possible price.
+    One practice, know as "front-running," involves a broker
+trading ahead of a large customer order and then profiting by
+the impact on the market of the customer order.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9105" NEWID="4192">
+<DATE>12-MAR-1987 09:31:38.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0953&#31;reute
+d f BC-GENERAL-MINING-(GENM.   03-12 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MINING (GENM.J) CAUTIONS ON 1987 PROFITS</TITLE>
+<DATELINE>    JOHANNESBURG, March 12 - </DATELINE><BODY>General Mining Union Corp Ltd
+chairman Derek Keys cautioned that profits may not rise this
+year if the rand stays at its current level of 48 U.S. Cents.
+    "We would do well to repeat last year's results if the rand
+stays depressed," Keys said.
+    The level of the dividend, however, "ought not to be
+affected," he added, discussing the 1987 outlook.
+    General Mining earlier reported that 1986 per share
+earnings rose 28 pct to 616 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9106" NEWID="4193">
+<DATE>12-MAR-1987 09:31:57.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0957&#31;reute
+s f BC-COLGATE-PALMOLIVE-CO   03-12 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLGATE-PALMOLIVE CO &lt;CL> SETS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 12 -
+    </DATELINE><BODY>Qtrly div 34 cts vs 34 cts
+    Pay May 15
+    Record April 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9107" NEWID="4194">
+<DATE>12-MAR-1987 09:33:40.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0967&#31;reute
+r f BC-ISCO-INC-&lt;ISKO>-2ND-Q   03-12 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISCO INC &lt;ISKO> 2ND QTR ENDS JAN 30 NET</TITLE>
+<DATELINE>    LINCOLN, Neb., March 12 -
+    </DATELINE><BODY>Shr 12 cts vs 13 cts
+    Net 414,968 vs 449,533
+    Revs 5,726,722 vs 5,276,627
+    Six mths
+    Shr 23 cts vs 33 cts
+    Net 779,981 vs 1,116,857
+    Revs 11.3 mln vs 11.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9108" NEWID="4195">
+<DATE>12-MAR-1987 09:33:46.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0968&#31;reute
+d f BC-MARKITSTAR-&lt;MARK>-NAM   03-12 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARKITSTAR &lt;MARK> NAMES SALES REPRESENTATIVE</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>MarkitStar Inc said it has signed an
+agreement for Orimedia of Paris to become a sales
+representative for MarkitStar products and services in the
+European Community.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9109" NEWID="4196">
+<DATE>12-MAR-1987 09:33:56.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0969&#31;reute
+u f BC-U.K.-EQUITY-TURNOVER   03-12 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. EQUITY TURNOVER SETS NEW RECORD IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Turnover in U.K. Equities soared to a
+record 31.05 billion stg in February, a 12 pct increase on the
+previous month's 27.83 billion, the London Stock Exchange said.
+    February turnover was also 96 pct higher than the 15.84
+billion stg total posted in the same month a year ago.
+    A monthly fact sheet from the Stock Exchange showed eight
+new companies were admitted to listing in February, six of
+which were U.K. Firms.
+    The largest of these was British Airways, which was
+privatised in February and whose share offer raised over 900
+mln stg, it said.
+    The Stock Exchange also said six rights issues during the
+month raised 223.6 mln stg compared with 129.5 mln from nine
+issues in Febuary 1986.
+    Daily average equity turnover in the 20 business days in
+February was 1.55 billion stg after 1.33 billion in the 21
+trading days in January, an increase of 17 pct.
+    Total Stock Exchange turnover of both gilts and equities
+was 116.73 billion stg, marginally higher than the 116.65
+billion recorded in January but 129 pct more than the 50.92
+billion of February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9110" NEWID="4197">
+<DATE>12-MAR-1987 09:34:06.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0970&#31;reute
+r f BC-SOUTHWEST-AIR-&lt;LUV>-F   03-12 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST AIR &lt;LUV> FEBRUARY LOAD FACTOR OFF</TITLE>
+<DATELINE>    DALLAS, March 12 - </DATELINE><BODY>Southwest Airlines Co said its February
+load factor fell to 51.2 pct from 54.5 pct in February 1986.
+    Revenue passenger miles increased 14.1 pct in February to
+538.9 mln from 472.3 mln and 22.3 pct year-to-date to 1.15
+billion from 944.1 mln, the company said.
+    Available seat miles grew 21.6 pct in February to 1.05
+billion from 866.2 mln and 21.3 pct in the two months to 2.20
+billion from 1.81 billion.
+    Load factor, the percentage of seats filled, rose to 52.5
+pct from 52.1 pct in the two months, Southwest said. Traffic
+results include Southwest and its Transtar Airlines unit.
+    The carrier also said it opened a new Phoenix reservation
+center on March one.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9111" NEWID="4198">
+<DATE>12-MAR-1987 09:34:49.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0973&#31;reute
+r f BC-&lt;TECHNIMED-CORP>-HAS   03-12 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TECHNIMED CORP> HAS CHOLESTEROL TEST PRODUCT</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Technimed Corp said it has completed
+development of a home cholesterol testing product and will
+start clinical testing of its whole blood cholesterol test
+strip shortly.
+    The company said the strip is inexpensive and is simpler
+than lab tests now being used.  A drop of blood is applied to
+the strip and within about 30 seconds a simple color change
+allows the user to determine his own cholesterol level.
+    It said it expects to be the first to market a home
+cholesterol test and the test should contribute substantially
+to future earnings.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9112" NEWID="4199">
+<DATE>12-MAR-1987 09:35:08.87</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D><D>el-salvador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0974&#31;reute
+d f BC-CCC-REALLOCATES-CREDI   03-12 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC REALLOCATES CREDIT GUARANTEES TO EL SALVADOR</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has reallocated two mln dlrs in credit gurantees
+previously earmarked for sales of U.S. protein meals to cover
+sales of vegetable oil and tallow to El Salvador, the U.S.
+Agriculture Department said.
+    The action reduces coverage for sales of protein meals to
+14 mln dlrs from 16 mln dlrs and creates new lines of one mln
+dlrs for tallow and/or greases and one mln dlrs for vegetable
+oils, the department said.
+    All sales under the credit guarantee lines must be
+registered and exported by Sepember 30, 1987, it said.
+    The guarantee rates include a charge to provide for a
+yearly interest rate coverage of up to 4.5 pct on the
+guaranteed value, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9113" NEWID="4200">
+<DATE>12-MAR-1987 09:37:10.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0983&#31;reute
+d f BC-ROTHMANS-CLOSE-TO-JOI   03-12 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTHMANS CLOSE TO JOINT VENTURE IN CHINA</TITLE>
+<DATELINE>    PEKING, March 12 - </DATELINE><BODY>Rothmans International plc &lt;ROT.L> aims
+to set up a joint venture with Jinan cigarette factory in
+Shandong, China to produce high quality cigarettes, some for
+export, Chinese newspapers said.
+    The China Daily said the factory has produced high-quality
+"General" brand cigarettes using advanced machinery and technical
+assistance worth 2.5 mln dlrs donated by Rothmans under a
+co-operation agreement signed in 1985.
+    The Economic Daily newspaper said the high quality "General"
+will help China's cigarettes enter the international market.
+The two papers gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9114" NEWID="4201">
+<DATE>12-MAR-1987 09:38:09.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0985&#31;reute
+u f BC-BORG-WARNER-&lt;BOR>-TO   03-12 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORG-WARNER &lt;BOR> TO SELL UNIT FOR 240 MLN DLRS</TITLE>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>Borg-Warner Corp said it agreed to sell
+its industrial products group to &lt;Clayton and Dubilier Inc>
+and senior management of the group, for about 240 mln dlrs.
+    Clayton and Dubilier is a New York-based private investment
+firm, which has completed two other management-led buyout
+transactions since December 1986.
+    Borg-Warner's industrial products group, based in Long
+Beach, California, has sales of about 300 mln dlrs and employs
+about 3,000 staff.
+    Its businesses include standard and custom engineered
+centrifugal pumps and mechanical seals for the petroleum
+industry and advanced controls for the aerospace and defense
+industries.
+    The sale is part of Borg-Warner's planned restructuring.
+    the proposed sale is subject to approval by Borg-Warner's
+directors, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9115" NEWID="4202">
+<DATE>12-MAR-1987 09:39:43.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f0989&#31;reute
+r f BC-BENNETTON,-MERRILL-LY   03-12 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENNETTON, MERRILL LYNCH UNIT PLAN JOINT VENTURE</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Merrill Lynch &lt;MER> Capital Markets said
+it and Bennetton Group SPA &lt;BTOM.M> will form a joint venture
+to attract investment in unquoted Italian companies.
+    Merrill Lynch Capital Markets will launch the venture with
+In Capital SPA, a Milan investment bank in which Bennetton has
+a 75 pct holding. The remaining 25 pct is owned by Gruppo
+Finanziario Tessile S.P.A., A private textile firm.
+    The two companies, who have signed a letter of intent, said
+they hoped the venture will generate investments of up to 50
+billion lire in private Italian firms operating in fast-growing
+fields.
+    Benetton is a large Italian clothing maker, with some 4,400
+retail outlets worldwide. The new venture, which represents the
+first partnership between an international investment bank and
+a large company, is designed to help Benetton expand the
+operations of In Capital.
+    Merrill Lynch Capital Markets is the London-based
+international merchant banking arm of Merrill Lynch Europe Ltd,
+which in turn is part of the U.S. Based investment banking firm
+of Merrill Lynch and Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9116" NEWID="4203">
+<DATE>12-MAR-1987 09:40:55.17</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>syria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0993&#31;reute
+d f BC-PANAMANIAN-BULK-CARRI   03-12 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANAMANIAN WHEAT SHIP STILL GROUNDED OFF SYRIA</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The Panamanian bulk carrier Juvena is
+still aground outside Tartous, Syria, despite discharging 6,400
+tons of its 39,000-ton cargo of wheat, and water has entered
+the engine-room due to a crack in the vessel bottom, Lloyds
+Shipping Intelligence Service said.
+    The Juvena, 53,351 tonnes dw, ran aground outside Tartous
+port basin breakwater on February 25 in heavy weather and rough
+seas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9117" NEWID="4204">
+<DATE>12-MAR-1987 09:41:05.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0994&#31;reute
+r f BC-guardian-morton   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUARDIAN-MORTON SHULMAN AGREES TO TAKEOVER BID</TITLE>
+<DATELINE>    TORONTO, March 12 - </DATELINE><BODY>&lt;Guardian-Morton Shulman Precious
+Metals Inc> said Morton Shulman and Guardman Investment
+Management Services Inc agreed in principle for Andrew Sarlos
+to make a takeover bid for all special shares and series II
+warrants of Guardian-Morton, subject to regulatory approval and
+completion of definitive documentation.
+    Guardman Investment, current manager and owner of all
+common shares of Guardian-Morton, also agreed to sell the
+common and its management agreement to a company controlled by
+Sarlos if the takeover bid is successful, Guardian-Morton said.
+    Price to be offered for the Guardian-Morton special shares
+under the takeover bid will be 90 pct of the net asset value of
+the special shares at the time of the bid, and two dlrs for
+each series II warrant, the company said.
+    Guardian-Morton said the takeover bid will be conditional
+on Sarlos acquiring at least 90 pct of the special shares and
+90 pct of the series II warrants, when combined the number of
+special shares and warrants owned by the offeror at the time of
+the bid.
+    Investment companies managed by Sarlos currently own
+slightly less than 10 pct of Guardian-Morton's special shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9118" NEWID="4205">
+<DATE>12-MAR-1987 09:42:34.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0998&#31;reute
+b f BC-/K-MART-CORP-&lt;KM>-4TH   03-12 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART CORP &lt;KM> 4TH QTR JAN 28 NET</TITLE>
+<DATELINE>    TROY, MICH., March 12 -
+    </DATELINE><BODY>Shr 2.11 dlrs vs nine cts
+    Net 285,000,000 vs 10,500,000
+    Revs 7.35 billion vs 6.76 billion
+    Avg shrs 134,300,000 vs 131,600,000
+    Year
+    Shr 4.35 dlrs vs 1.73 dlrs
+    Net 582,300,000 vs 221,200,000
+    Revs 24.13 billion vs 22.33 billion
+    Avg shrs 134,300,000 vs 131,600,000
+    NOTE: Latest year earnings include a loss in each period of
+16.4 mln dlrs, or 12 cts a share, for a premium paid in the
+early call of a 250 mln dlr 12.75 pct 30-year debenture
+    Earnings include a gain from discontinued operations of
+30.8 mln dlrs, or 23 cts a share vs a loss of 238.9 mln dlrs,
+or 1.82 dlrs a share in the quarter and a gain of 28.4 mln
+dlrs, or 21 cts a share vs a gain of 472.0 mln dlrs, or 3.64
+dlrs a share for the year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9119" NEWID="4206">
+<DATE>12-MAR-1987 09:43:35.10</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0003&#31;reute
+u f BC-slaughter-guesstimate   03-12 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 290,000 to 310,000 head versus
+309,000 week ago and 328,000 a year ago.
+    Cattle slaughter is guesstimated at about 128,000 to
+131,000 head versus 129,000 week ago and 127,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9120" NEWID="4207">
+<DATE>12-MAR-1987 09:49:17.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0019&#31;reute
+d f BC-STAN-WEST-&lt;SWMC>-SEEK   03-12 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STAN WEST &lt;SWMC> SEEKS CONSTRUCTION FINANCING</TITLE>
+<DATELINE>    SCOTTSDALE, Ariz., March 12 - </DATELINE><BODY>Stan West Mining Corp said it
+engaged an investment banking firm to act as financial adviser
+in arranging a construction financing package for McCabe mine.
+    The company said it intends proceeds of the financing
+package would be utilized to construct a 500 ton per day mil,
+complete the underground construction necessary to start mining
+and provide working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9121" NEWID="4208">
+<DATE>12-MAR-1987 09:49:54.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0020&#31;reute
+d f BC-HEEKIN-CAN-&lt;HEKN>-TO   03-12 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEEKIN CAN &lt;HEKN> TO BUILD OHIO PLANT</TITLE>
+<DATELINE>    CINCINNATI, March 12 - </DATELINE><BODY>Heekin Can Inc said it plans to
+build a seven mln dlr Columbus, Ohio, plant financed by
+industrial revenue bonds.
+    It said construction on the 50,000 square foot plant is
+scheduled to start in April and manufacturing will start at the
+end of 1987.  The plant will initially make two-piece 6.5 ounce
+steel cans for pet food.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9122" NEWID="4209">
+<DATE>12-MAR-1987 09:50:10.98</DATE>
+<TOPICS><D>acq</D><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0022&#31;reute
+u f BC-VAN-OMMEREN-ACQUIRES   03-12 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VAN OMMEREN ACQUIRES DUTCH GAS CONTAINER UNIT</TITLE>
+<DATELINE>    ROTTERDAM, March 12 - </DATELINE><BODY>Dutch shipping and transport group
+PHS Van Ommeren NV &lt;OMMN.AS> said it has taken over a small
+Dutch gas container firm as a first step in establishing a
+world-wide gas container organisation.
+    The firm, Liquid and Gas Transport BV (LGT), employs 10
+people and has a fleet of 200 gas containers.
+    Van Ommeren will shortly open an office in Singapore and
+expand its facilities in Houston to establish the gas container
+network.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9123" NEWID="4210">
+<DATE>12-MAR-1987 09:53:07.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-DORCHESTER-HUGOTON-LT   03-12 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DORCHESTER HUGOTON LTD &lt;DHULZ> RAISES PAYOUT</TITLE>
+<DATELINE>    DALLAS, March 12 -
+    </DATELINE><BODY>Qtly div 10 cts vs eight cts prior
+    Pay April 16
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9124" NEWID="4211">
+<DATE>12-MAR-1987 09:53:23.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0034&#31;reute
+d f BC-NASD-NAMES-NEW-BOARD   03-12 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASD NAMES NEW BOARD MEMBER</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The &lt;National Association of
+Securities Dealers> said it has named Jaguar Cars Inc president
+Graham W. Whitehead as one of its three governors-at-large
+representing companies listed on the NASDAQ system.
+    Jaguar Cars is the U.S. marketing arm of Jaguar PLC
+&lt;JAGRY>, which was NASDAQ's third-most-actively traded issue in
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9125" NEWID="4212">
+<DATE>12-MAR-1987 09:53:47.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0036&#31;reute
+r f BC-INTERNATIONAL-AMERICA   03-12 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL AMERICAN &lt;HOME> SETS ACQUISITION</TITLE>
+<DATELINE>    UNION, N.J., March 12 - </DATELINE><BODY>International American Homes inc
+said it has contracted to acquire &lt;Diversified Shelter Group
+Ltd> for about 11,850,000 dlrs to be paid 73 pct in cash and 27
+pct in International American common stock to be valued on a 30
+day trading average prior to closing.
+    It said the price is based on Diversified's estimated 3.2
+mln dlrs pro forma pre-tax earnings for 1986 after adjustment
+for certain non-continuing expenses. Diversified, a developer
+of single family housing in the Atlanta market, had 1986
+revenues of about 25.3 mln dlrs. The acquisition if subject to
+International American arranging financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9126" NEWID="4213">
+<DATE>12-MAR-1987 09:54:00.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0037&#31;reute
+d f BC-MUNICIPAL-DEVELOPMENT   03-12 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUNICIPAL DEVELOPMENT &lt;MUNI> PURCHASES LAND</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Municipal Development Corp said it
+signed an agreement to purchase land and facilities in Florida
+from &lt;Quail Hollow Properties Inc> for 2.8 mln dlrs, and plans
+to invest an additional two mln dlrs to install infrastructure
+on the property.
+    The company said under the deal it will purchase Quail
+Hollow Utilities Inc and, with its joint venture partner,
+&lt;Groveland Developments Inc>, will acquire 190 acres of land
+from Quail Hollow Properties.
+    Municipal Development said Quail Hollow Utilities owns and
+operates two wastewater treatment systems, which will become
+part of Central Pasco Utilities Inc, a business formed by the
+company to provide utility services to part of Pasco County.
+    Municipal Development said it will develop the Quail Hollow
+Business Park on the 190 acres of property.
+    Under the joint venture agreement with Groveland, Municipal
+Development said it will develop the business park's roads and
+other infrastructure, while Groveland will improve and sell
+property in the area.
+    Central Pasco will develop and deliver the water supply and
+wastewater treatment services for the business park.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9127" NEWID="4214">
+<DATE>12-MAR-1987 09:54:20.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0039&#31;reute
+r f BC-ENVIRONMENTAL-SYSTEMS   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIRONMENTAL SYSTEMS &lt;ESC> BUILDS INCINERATOR</TITLE>
+<DATELINE>    LITTLE ROCK, Ark., March 12 - </DATELINE><BODY>Environmental Systems Co said
+it signed a contract with the Illinois Environmental Protection
+Agency to build a modular incinerator at the Lenz
+Oil Site in Lemont, Ill.
+    The company said the project is slated for completion by
+the end of fiscal 1987 at a total price of 4,500,000 mln dlrs.
+    The incinerator can treat approximately 7,000 tons of
+contaminated soil, 150,000 gallons of liquids and 200 drums of
+other wastes, according to the company.
+    Environmental said it expects to build two more systesm in
+fiscal 1987.
+    The company posted first quarter net income of 2,193,000
+dlrs, or 13 cts per share, compared to 1,918,000 dlrs, or 15
+cts per share the prior comparable quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9128" NEWID="4215">
+<DATE>12-MAR-1987 09:55:21.79</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0042&#31;reute
+d f BC-EC-COMMISSION-TAKES-O   03-12 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION HAS OPEN ATTITUDE ON STEEL QUOTAS</TITLE>
+<DATELINE>    STRASBOURG, March 12 - </DATELINE><BODY>The EC Commission said it was
+adopting an "open attitude" about whether a system of production
+quotas should remain for the indefinite future on heavy steel
+products which account for about 45 pct of all EC steel goods.
+    In a statement, the Commission reiterated its view that the
+industry needs to lose between 25 and 30 mln tonnes of capacity
+by 1990. It had previously said the quota system, started in
+1980, should be wound up completely by the end of next year.
+    The industry has argued for the maintenance of existing
+quotas, which cover almost 70 pct of all output, saying almost
+all steelmakers are losing money due to the depressed market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9129" NEWID="4216">
+<DATE>12-MAR-1987 09:55:48.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0044&#31;reute
+d f BC-PRECISION-AEROTECH-IN   03-12 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRECISION AEROTECH INC &lt;PAR> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    LA JOLLA, Calif., March 12 -
+    </DATELINE><BODY>Oper shr 16 cts vs two cts
+    Oper net 467,000 vs 52,000
+    Sales 8,954,000 vs 6,338,000
+    Avg shrs 2,939,459 vs 1,979,916
+    Nine mths
+    Oper shr 45 cts vs 18 cts
+    Oper net 1,068,000 vs 387,000
+    Sales 24.5 mln vs 19.6 mln
+    Avg shrs 2,299,764 vs 1,979,916
+    NOTE: Current year net both periods excludes 176,000 dlr
+gain from retirement of notes.
+    Backlog 30.8 mln vs 26.7 mln at start of fiscal year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9130" NEWID="4217">
+<DATE>12-MAR-1987 09:57:17.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0046&#31;reute
+r f BC-HADSON-&lt;HADS>-REGISTE   03-12 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HADSON &lt;HADS> REGISTERS 3.7 MLN COMMON SHARES</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 12 - </DATELINE><BODY>Hadson Corp said it filed a
+registration with the Securities and Exchange Commission for an
+underwritten offering of 3,750,000 new common shares to be
+managed by Shearson Lehman Brothers Inc and PaineWebber Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9131" NEWID="4218">
+<DATE>12-MAR-1987 09:57:52.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0050&#31;reute
+h f BC-GUARDIAN-NATIONAL-INS   03-12 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUARDIAN NATIONAL INSURANCE CO LTD &lt;GARJ J> YEAR</TITLE>
+<DATELINE>    JOHANNESBURG, March 12 -
+    </DATELINE><BODY>Shr 100.6 cts vs 76.9 cts
+    Final div 40 cts vs 32 making 58 cts vs 50
+    Pre-tax 14.17 mln rand vs 8.85 mln
+    Net 10.06 mln vs 7.69 mln
+    Tax 4.10 mln vs 1.16 mln
+    Gross premiums 210.16 mln vs 178.69 mln
+    Net premiums written 143.99 mln vs 123.88 mln
+    Underwriting loss 1.78 mln vs loss 6.25 mln
+    Div pay April 10, register March 27.
+    Note - period year to December 31 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9132" NEWID="4219">
+<DATE>12-MAR-1987 09:57:57.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0051&#31;reute
+d f BC-DATAMETRICS-CORP-&lt;DMC   03-12 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATAMETRICS CORP &lt;DMCZ> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    CHATSWORTH, Calif., March 12 -
+    </DATELINE><BODY>Shr diluted five cts vs 13 cts
+    Net 278,780 vs 442,532
+    Revs 5,101,747 vs 4,293,393
+    Avg shrs diluted 6,050,968 vs 3,414,145
+    NOTE: Net includes tax credits of 123,500 dlrs vs 179,000
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9133" NEWID="4220">
+<DATE>12-MAR-1987 10:01:39.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0060&#31;reute
+d f BC-WIENER-ENTERPRISES-IN   03-12 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WIENER ENTERPRISES INC &lt;WPB> YEAR JAN 31 NET</TITLE>
+<DATELINE>    HARAHAN, La., March 12 -
+    </DATELINE><BODY>Shr 60 cts vs 85 cts
+    Qtly div 10 cts vs 10 cts prior
+    Net 1,407,000 vs 1,996,000
+    Sales 75.4 mln vs 58.2 mln
+    NOTE: Dividend pay April 16, record April Nine
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9134" NEWID="4221">
+<DATE>12-MAR-1987 10:02:18.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0063&#31;reute
+h f BC-GENENTECH-CONVERTIBLE   03-12 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENENTECH CONVERTIBLE BOND UPPED TO 150 MLN DLRS</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The convertible eurobond issue announced
+yesterday for Genentech Inc &lt;GENE.O> has been increased to a
+total of 150 mln dlrs from 100 mln, Credit Suisse First Boston
+Ltd (CSFB) said as lead manager.
+    The coupon has been set at five pct and conversion price at
+74 dlrs per share which represents a 23.85 pct premium over
+Genentech's stock closing level of 59.75 on the New York Stock
+Exchange last night.
+    Payment date has been brought forward to March 27 from
+March 30 and the bonds will mature on March 27, 2002.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9135" NEWID="4222">
+<DATE>12-MAR-1987 10:02:36.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0065&#31;reute
+r f BC-HYDRO-QUEBEC-ISSUES-C   03-12 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYDRO QUEBEC ISSUES CANADIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Hydro Quebec is issuing a 125 mln
+Canadian dlr bond due April 21, 1997 paying nine pct and priced
+at 100-3/4 pct, lead manager Merrill Lynch International said.
+    The bond is available in denominations of 1,000 and 5,000
+dlrs and will be listed in Luxembourg.
+    Fees comprise 1-1/4 pct selling concession and 3/8 pct each
+for management and underwriting. Pay date is April 21.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9136" NEWID="4223">
+<DATE>12-MAR-1987 10:04:29.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0077&#31;reute
+b f BC-K-MART-&lt;KM>-SAYS-RECO   03-12 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART &lt;KM> SAYS RECORD 1986 NET "TURNING POINT"</TITLE>
+<DATELINE>     TROY, Mich., March 12 - </DATELINE><BODY>K Mart Corp said its record fiscal
+1986 net earnings of 582.3 mln dlrs, a rise from 221.2 mln dlrs
+a year ago, marked a "major turning point" for the world's
+second biggest retailer.
+    K Mart said the earnings rise for the fourth quarter ended
+January 28 to 285 mln dlrs from 10.5 mln dlrs resulted from 
+"merchandising, refurbishing and expense control."
+    A year ago, K Mart took a charge of 239 mln dlrs for
+discontinued operations. Earnings from continuing retail
+operations in the quarter totalled 270 mln dlrs or 2.00 dlrs a
+share compared with 249.4 mln dlrs or 1.91 dlrs a year ago.
+    K Mart Chairman Bernard Fauber said "the success of these
+programs is better illustrated by the strong 35.9 pct increase
+in 1986 income from continuing operations before income taxes
+to 1.03 billion dlrs, the first time K Mart Corp has reached
+this milestone."
+    Sales for the 1986 fiscal year reached a record 23.8
+billion dlrs, an 8.1 pct rise from 22.04 billion dlrs the prior
+year. K Mart said 1985 was restated to account for discontinued
+operations. Comparable store sales rose 5.5 pct in 1986 over
+1985, it said.
+    Fauber said the sales growth came from greater consumer
+acceptance of K Mart's apparel merchandise, "a marked increase
+in hardline merchandise sales and a growing contribution from
+specialty retailing operations."
+    K Mart said its fourth quarter pre-tax income from
+continuing operations was 493 mln dlrs, a 32.3 pct gain from
+372.6 mln dlrs last year. It said sales in the period grew 8.8
+pct to 7.23 billion dlrs from a restated 6.65 billion dlrs in
+1985 with comparable store sales up 4.7 pct.
+    K Mart said its effective tax rate rose in 1986 to 44.6 pct
+from 37.6 pct in 1985. But it said selling, general and
+administrative expense eased to 23.2 pct of sales from 23.7 pct
+in 1985.
+    "Our performance in 1986 marks a major turning point for K
+Mart," Fauber said in a statement.
+    "In the years immediately prior to 1986, we focused on
+changing the look of our stores and the structure of the
+company."
+    K Mart, he said, committed billion of dollars for store
+remodeling and installing a centralized point of sale system,
+upgraded its merchandise mix, acquired three large specialty
+retailers, divested underperforming businesses and restructured
+its long-term debt.
+    "We were forced to pay a temporary price in the form of
+slower earnings growth and a lower rating by the investment
+community. However, beginning with the fourth quarter of 1985,
+our improved performance is proof that our approach is correct
+for the long term," the K Mart chairman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9137" NEWID="4224">
+<DATE>12-MAR-1987 10:08:55.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0093&#31;reute
+d f BC-SONEX-RESEARCH-&lt;SONX>   03-12 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONEX RESEARCH &lt;SONX> SELLS STOCK PRIVATELY</TITLE>
+<DATELINE>    ANNAPOLIS, Md., March 12 - </DATELINE><BODY>Sonex Research Inc said it has
+completed a private sale of common shares and warrants for two
+mln dlrs.
+    It said if all warrants are exercised it will receive
+another 4,600,000 dlrs.
+    Proceeds will be used for working capital, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9138" NEWID="4225">
+<DATE>12-MAR-1987 10:11:33.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0097&#31;reute
+u f BC-BRITISH-AIRWAYS-&lt;BAB>   03-12 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AIRWAYS &lt;BAB> FEBRUARY LOAD FACTOR UP</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>British Airways PLC said February 1987
+load factor rose to 64.7 pct, up 5.4 percentage points  from
+February 1986.
+    Revenue passenger miles increased 14.8 pct in February to
+1.75 billion but fell 0.7 pct in the fiscal year-to-date to
+23.54 billion, the British carrier said.
+    Available seat miles rose 5.2 pct in February to 2.73
+billion and 1.3 pct in the 11 months to 35.27 billion.
+    Load factor, the percentage of seats filled, fell 1.4
+percentage points to 66.7 pct in the April through February
+period.
+    The British carrier made its first traffic report since the
+British Government sold it to the public last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9139" NEWID="4226">
+<DATE>12-MAR-1987 10:11:41.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0098&#31;reute
+u f BC-ROCKEFELLER-SAYS-BRAZ   03-12 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKEFELLER SAYS BRAZIL SOLUTION WILL BE FOUND</TITLE>
+<DATELINE>    FRANKFURT, March 12 - </DATELINE><BODY>David Rockefeller, chairman of the
+international advisory committee of Chase Manhattan Bank NA,
+said an accommodation would be found between Brazil and its
+commercial bank creditors to solve the problem of the nation's
+recent interest payment halt.
+    "I think one will find that the banking community, the
+Brazilian government and the international banking authorities
+will be talking for the next several weeks and I am very
+hopeful that we would find an accommodation." Rockefeller told
+bankers at a luncheon.
+    Brazil announced on February 20 that it was suspending
+interest repayments on about 68 billion dlrs of private sector
+debt owed to commercial banks.
+    Rockefeller said the recent tour by Brazilian Finance
+Minister Dilson Funaro of major industrial nations was a sign
+that Brazil wanted to be cooperative. But it was notable that
+Funaro did not meet with the creditors immediately affected,
+the commercial bankers, he added.
+    Brazil's moratorium on commercial debt becomes critical by
+end-May, when payments would be 90 days overdue, obliging U.S.
+Regulators to downgrade Brazilian debt, financial sources said.
+    This would require banks in turn to cease accruing interest
+and set aside expensive loan loss reserves.
+    Rockefeller reminded bankers of the depth of concern over
+Latin American debt at the Toronto World Bank/International
+Monetary Fund meeting in 1982, and said an accord would be
+reached in the current circumstances just as it had been then.
+    "(Brazilian authorities) have no more interest in seeing
+their credit sources cut off then we have in seeing their
+obligations stop," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9140" NEWID="4227">
+<DATE>12-MAR-1987 10:14:33.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0107&#31;reute
+r f BC-DAINIPPON-INK-TO-INVE   03-12 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAINIPPON INK TO INVEST IN QUIXOTE &lt;QUIX></TITLE>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>Quixote Corp said Dainippon Ink and
+Chemicals Inc of Japan will buy 526,315 shares of Quixote
+common stock, a 6.7 pct stake, for 10 mln dlrs, or 19 dlrs a
+share.
+    It said the two companies also agreed to share the results
+of their research and development activities in optical disc
+technology.
+    Dainippon Inc's optical disc technology focuses on the
+development of a new Direct-Read-After-Write optical disc and
+an advanced erasable optical disc.
+    Quixote said its wholly owned subsidiary, LaserVideo Inc,
+is making advancements in the art of mastering and
+manufacturing Compact Discs, CD-ROMs and laser-read videodiscs.
+    Quixote said the agreement with Dainippon, which has annual
+sales of more than two billion dlrs, provides for a Dainippon
+representative to sit on the LaserVideo board of directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9141" NEWID="4228">
+<DATE>12-MAR-1987 10:15:43.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0114&#31;reute
+s f BC-CIRCUIT-CITY-STORES-I   03-12 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRCUIT CITY STORES INC &lt;CC> SETS QUARTERLY</TITLE>
+<DATELINE>    RICHMOND, Va., March 12 -
+    </DATELINE><BODY>Qtly div 1-1/2 cts vs 1-1/2 cts prior
+    Pay April 15
+    Record March 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9142" NEWID="4229">
+<DATE>12-MAR-1987 10:16:06.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0116&#31;reute
+u f BC-KNOLL-TO-BUY-AMERICAN   03-12 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KNOLL TO BUY AMERICAN SAVINGS &lt;AAA> SHARES</TITLE>
+<DATELINE>    MIAMI, March 12 - </DATELINE><BODY>American Savings and Loan Association of
+Florida said &lt;Knoll International Holdings Inc> has offered to
+purchase 500,000 new shares of American Savings for 10 mln
+dlrs, and the board has accepted Knoll's offer.
+    Knoll already owns 796,413 shares or 9.9 pct of American
+Savings.
+    American Savings said the purchase will resolve a
+previously-announced disagreement between American Savings and
+the Federal Home Loan Bank of Atlanta on the replacement of the
+capital American Savings used to repurchase common shares in
+January 1985 from former chairman Marvin L. Warner.
+    It said completion of the transaction would give Knoll 15
+pct ownership in American Savings.
+    American Savings said Knoll also had talks with chairman of
+the executive committee Shepard Broad and chairman Morris Broad
+on the purchase of their American Savings shares as well at 20
+dlrs each but no agreement was reached.
+    American Savings said The company said Knoll's offer to buy
+the new shares is not conditioned on other purchase of common
+stock from any person or entity.
+    It said its previously-announced engagement of Salomon Inc
+&lt;SB> to evaluate alternatives to enhance shareholder values,
+including the possible sale of American Savings, is still being
+actively pursued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9143" NEWID="4230">
+<DATE>12-MAR-1987 10:16:14.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0117&#31;reute
+u f BC-FORD-&lt;F>-EXTENDS-INCE   03-12 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> EXTENDS INCENTIVES ON SOME MODELS</TITLE>
+<DATELINE>    DEARBORN, MICH., March 12 - </DATELINE><BODY>Ford Motor Co said it extended
+its current buyer incentive program on selected cars and light
+trucks to April Six.
+    It also said it added the Ford Taurus and Mercury Sable to
+the program which gives customers a choice of 3.9- to
+9.9-annual percentage rate financing.
+    Ford said buyers of all 1986 and 1987 Taurus and Sable
+models can choose between the low financing rates or cash
+allowances of 400 dlrs.
+    Buyers of all other eligible cars will get a cash allowance
+of up to 600 dlrs, plus the low financing rates. It said those
+buying trucks can choose between the low financing or a cash
+rebate of up to 600 dlrs.
+    Ford said the program takes effect now and applies to most
+vehicles delivered to retail customers from dealer stock. A
+program for Mustang ends March 31 as announced earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9144" NEWID="4231">
+<DATE>12-MAR-1987 10:16:26.60</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0118&#31;reute
+r f BC-IGENE-BIOTECHNOLOGY-&lt;   03-12 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IGENE BIOTECHNOLOGY &lt;IGNE> FINDS CROP LOSS AID</TITLE>
+<DATELINE>    COLUMBIA, Md., March 12 - </DATELINE><BODY>IGENE Biotechnology Inc said its
+research teams at Auburn and Hebrew universities have found its
+patented pesticide is highly effective in combating a disease
+reponsible for approximately three billion dlrs in annual crop
+losses.
+    The company said it learned ClandoSan controls nematodes,
+deadly plant pathogens formerly controlled by now-banned
+synthetic chemicals.
+    Varieties of the deadly disease attack major cash crops
+such as cotton, vegetables, orchard trees, citrus fruits, and
+garden plants, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9145" NEWID="4232">
+<DATE>12-MAR-1987 10:18:49.48</DATE>
+<TOPICS><D>earn</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0135&#31;reute
+r f BC-PHILLIPS-&lt;P>-TO-EMPHA   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILLIPS &lt;P> TO EMPHASIZE CASH FLOW TO PARE DEBT</TITLE>
+<AUTHOR>    By Ted D'Afflisio, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Phillips Petroleum Co will emphasize
+improving its short-term cash flow this year to pare its debt,
+C.J. "Pete" Silas, chairman, told Reuters in an interview.
+    "Our priority is to get cash flow increased from the assets
+already installed," he said, but he declined to estimate annual
+cash flow for 1987.
+    Analysts estimate Phillips" cash flow at over one billion
+dlrs for 1987, while long term debt, which resulted from
+restructuring to find off corporate raiders in 1985, hovers
+about 5.9 billion dlrs as of December 1986.
+     Silas said Phillips hope to achieve its goal by raising
+the capital expenditures budget to develop its oil and gas
+properties.
+    "We plan to develop the properties with short-term high cash
+flow prospects," he said. He projected a capital expenditure
+budget of 730 mln dlrs, up from the 1986 expenditure of 655 mln
+dlrs.
+    Nearly half of that will be spent on exploration and
+production, and most of that will be spend overseas, Silas
+said.
+    "Phillips' top priority in 1987 will be to get the
+waterflooding in Norway and jack up the (Ekofisk) oil fields to
+improve our ability to extract oil and increase earnings," Silas
+said.
+     Phillips estimates that the project, which is expected to
+cost 1.5 billion dlrs, will increase recovery by 170 mln gross
+barrels of oil over a period of 24 years.
+    Phillips is also pursue opportunities in China where Silas
+said he was seeking "a modification of terms with the Chinese
+government to make oil discoveries (in the offshore Xijang
+fields) commercially viable."
+    In the U.S. Silas said Phillips hopes to get the Point
+Arguello, Calif., field started up by the fourth quarter. "We
+expect to start up the first platform then," Silas said.
+    But emphasis on short-term cash flow has also forced the
+company to part with several oil and gas assets.
+    Phillips sold its interests in the T-Block in the U.K.
+North Sea and U.S. reserves totaling about 1.3 billion dlrs in
+1986 as part of a two billion dlrs asset sales program that is
+now completed, Silas said.
+     "We sold high cost producing assets. They were not good
+value for us but possibly so for someone else," Silas said.
+    Silas said the 1986 assets sales will not affect earnings
+for the company.
+    "Everything we are doing is to manage our cash flow and we
+are using that to manage our debt. Even the asset sales, while
+regrettable, were necessary to reduce debt," Silas said.
+    He said no asset sales are planned this year as long as oil
+prices don't fall sharply lower and stay at lower levels  for
+several months. "Then, everyone would be looking at sales (of
+assets), and we're no different from the others," Silas said.
+    In other areas, Silas looks for improved earnings from
+Phillips chemical operations, which provided 299 mln dlrs in
+earnings for 1986, up from 219 mln dlrs in 1985.
+    "This was our second best year pushed by a good supply and
+demand balance for products, low feedstocks and energy costs
+for our operations," Silas said, "In 1987 we think the market's
+supply and demand balance will be just as good but feedstock
+and energy costs will rise due to price recovery."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9146" NEWID="4233">
+<DATE>12-MAR-1987 10:19:08.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM
+&#22;&#22;&#1;f0137&#31;reute
+r f BC-merrill-lynch-canada   03-12 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH&lt;MER> CANADA MULLS BUYING BROKER</TITLE>
+<DATELINE>    TORONTO, March 12 - </DATELINE><BODY>Merrill Lynch Canada Inc, wholly owned
+by Merrill Lynch and Co, is considering acquiring another
+Canadian securities company as the result of federal and
+provincial government moves to lift investment dealer ownership
+restrictions on June 30, according to a published report.
+    "We're talking to a number of people," Merrill Lynch Canada
+deputy chairman E. Duff Scott told The Toronto Star. "Whether
+we're going to do something, I don't know," he said.
+    A Merrill Lynch Canada spokesman declined to comment on the
+newspaper report when queried.
+    Scott did not disclose which investment dealers Merrill
+Lynch Canada was considering acquiring, but the Toronto Star
+quoted unidentified industry sources as saying serious
+discussions have already been held with Burns Fry Ltd.
+    Burns Fry chairman Jack Lawrence told the newspaper the
+investment dealer has not made a final decision, but was
+examining "three or four alternatives."
+    Discussions between brokers about possible mergers is to be
+expected pending industry deregulation, one investment industry
+source, who asked not to be named, told Reuters.
+    "It's silly not to take a look (at making a merger or
+acquisition). If you're a businessman, you have to take a look,"
+the industry source said.
+    Under federal and provincial government regulations
+expected to be in place by June 30, banks, trust companies and
+foreign companies will be allowed to acquire existing
+investment dealers or establish their own securities
+subsidiaries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9147" NEWID="4234">
+<DATE>12-MAR-1987 10:19:13.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0138&#31;reute
+d f BC-PERFECTDATA-&lt;PERF>-IN   03-12 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERFECTDATA &lt;PERF> IN JOINT LICENSING PACT</TITLE>
+<DATELINE>    CHATSWORTH, Calif., March 12 -  </DATELINE><BODY>PerfectData Corp said it
+agreed to license certain disk cleaning related patents to the
+&lt;Texwipe Co>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9148" NEWID="4235">
+<DATE>12-MAR-1987 10:19:20.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0139&#31;reute
+d f BC-MOST-AMERICAN-AGGREGA   03-12 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOST AMERICAN AGGREGATES &lt;AMAG> STOCK ACQUIRED</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., March 12 - </DATELINE><BODY>&lt;Consolidated Gold Fields
+PLC>'s ARC America Corp subsidiary said it has acquired
+7,521,643 American Aggregates Corp shares, about 95 pct of
+those outstanding, as a result of its tender offer which
+expired February 27.
+    As soon as is practicable, ARC America will acquire
+American Aggregates, converting the company's remaining shares
+into the right to receive 30.625 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9149" NEWID="4236">
+<DATE>12-MAR-1987 10:19:32.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0141&#31;reute
+d f BC-FRANCE-PLANS-TIGHTER   03-12 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE PLANS TIGHTER SHAREHOLDING DISCLOSURE LEVELS</TITLE>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>The French government plans new
+legislation this year which will lower the thresholds at which
+investors in companies must declare their shareholdings, Bourse
+officials said.
+    The new rules, part of a scheme to provide more openness in
+corporate ownership structure, will lower the initial
+declaration threshold to five pct of a company's capital.
+    Under current rules, an investor has to notify the Bourse
+supervisory commission when a holding exceeds 10 pct, and again
+at 33 pct and 50 pct. The officials said a 20 pct level has
+also been added to the scale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9150" NEWID="4237">
+<DATE>12-MAR-1987 10:19:40.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0142&#31;reute
+d f BC-BIOTECH-CAPITAL-&lt;BITC   03-12 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOTECH CAPITAL &lt;BITC> TO BUY MAGAZINE</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Biotech Capital Corp said it agreed to
+buy High Technology magazine from the Goldhirsh Group of
+Boston.
+    Terms were not disclosed.
+    The magazine publishes information about emerging
+technologies and their impact on business. It has a circulation
+of 200,000 and is the largest of its kind in the world, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9151" NEWID="4238">
+<DATE>12-MAR-1987 10:19:55.90</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0144&#31;reute
+r f BC-PAKISTAN'S-TRADE-DEFI   03-12 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN'S TRADE DEFICIT NARROWS IN FEBRUARY</TITLE>
+<DATELINE>    KARACHI, March 12 - </DATELINE><BODY>Pakistan's trade deficit narrowed to
+2.64 billion rupees (provisional) in February 1987 from 2.85
+billion (final) in January and compared with 2.94 billion in
+February 1986, the Federal Bureau of Statistics figures show.
+    Exports fell to 5.04 billion rupees (provisional) in
+February from 5.34 billion (final) in January and compared with
+3.90 billion in February 1986.
+    Imports fell to 7.68 billion rupees (provisional) in
+February from 8.19 billion (final) in January and compared with
+6.84 billion in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9152" NEWID="4239">
+<DATE>12-MAR-1987 10:21:36.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0150&#31;reute
+r f BC-CORRECTED-INSITUFORM   03-12 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED-INSITUFORM OF NORTH AMERICA INC&lt;INSUA></TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 12 - </DATELINE><BODY>4th qtr
+    Shr nine cts vs four cts
+    Net 658,159 vs 299,930
+    Revs 3,770,341 vs 2,614,224
+    Avg shrs 7,382,802 vs 6,747,442
+    Year
+    Oper shr 33 cts vs 18 cts
+    Oper net 2,287,179 vs 1,045,799
+    Revs 13.1 mln vs 8,577,853
+    Avg shrs 6,874,505 vs 5,951,612
+    NOTE: 1985 year net excludes 13,000 dlr tax credit.
+    Corrects March 11 item to exclude tax credit
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9153" NEWID="4240">
+<DATE>12-MAR-1987 10:21:43.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0152&#31;reute
+s f BC-COLGATE-PALMOLIVE-CO   03-12 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLGATE-PALMOLIVE CO &lt;CL> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 12 -
+    </DATELINE><BODY>Qtly div 34 cts vs 34 cts prior
+    Pay May 15
+    Record April 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9154" NEWID="4241">
+<DATE>12-MAR-1987 10:23:22.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0160&#31;reute
+u f BC-CO-OPERATIVE-BANCORP   03-12 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CO-OPERATIVE BANCORP &lt;COBK> RAISES QUARTERLY</TITLE>
+<DATELINE>    CONCORD, Mass., March 12 -
+    </DATELINE><BODY>Qtly div 12-1/2 cts vs 10 cts prior
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9155" NEWID="4242">
+<DATE>12-MAR-1987 10:23:42.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0162&#31;reute
+u f BC-HYDRO-QUEBEC-CANADIAN   03-12 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYDRO QUEBEC CANADIAN DLR BOND RAISED TO 150 MLN</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The Canadian dollar bond launched
+earlier today for Hydro Quebec has been increased to 150 mln
+dlrs from 125 mln, lead manager Merrill Lynch International
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9156" NEWID="4243">
+<DATE>12-MAR-1987 10:23:55.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0164&#31;reute
+r f BC-VISHAY-INTERTECHNOLOG   03-12 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VISHAY INTERTECHNOLOGY &lt;VSH> CLARIFIES OFFER</TITLE>
+<DATELINE>    MALVERN, Pa, March 12 - </DATELINE><BODY>Vishay Intertechnology Inc said it
+wished to clarify its pending offer to exchange shares of its
+Class B stock for its outstanding common stock
+    The company said shareholders who already have or plan to
+take advantage of the offer, may withdraw their offer by the
+close of business March 25, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9157" NEWID="4244">
+<DATE>12-MAR-1987 10:24:06.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0165&#31;reute
+r f BC-CONSUMERS-POWER&lt;CMS>   03-12 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUMERS POWER&lt;CMS> TO REDEEM PREFERRED STOCK</TITLE>
+<DATELINE>    JACKSON, MICH., March 12 - </DATELINE><BODY>Consumers Power Co said it will
+redeem 200,000 shares of its 3.85 dlr preference stock at 27.50
+dlrs a share plus accrued dividends of 0.320833 dlrs a share.
+    It said the redemption will be made May One to holders of
+record March 23, with shares selected by random lot.
+    It said some 100,000 of the shares are being redeemed under
+mandatory sinking fund provisions. The balance will be redeemed
+at the company's option as part of its efforts to reduce its
+cost of capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9158" NEWID="4245">
+<DATE>12-MAR-1987 10:24:29.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0167&#31;reute
+s f BC-WILCOX-AND-GIBBS-INC   03-12 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILCOX AND GIBBS INC &lt;WG> SETS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 12 -
+    </DATELINE><BODY>Semi div 7-1/2 cts vs 7-1/2 cts prior
+    Pay April 30
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9159" NEWID="4246">
+<DATE>12-MAR-1987 10:24:54.38</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>king-fahd</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0169&#31;reute
+u f BC-SAUDI-OUTPUT-SAID-AT   03-12 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI OUTPUT SAID AT YEAR LOW TO HELP OPEC</TITLE>
+<AUTHOR>    By Philip Shehadi, Reuters</AUTHOR>
+<DATELINE>    RIYADH, March 12 - </DATELINE><BODY>Saudi Arabian oil output has fallen to
+its lowest level in more than a year, giving fresh evidence of
+the kingdom's determination to keep oil prices at 18 dlrs a
+barrel, as agreed by Opec last December, oil industry sources
+said.
+    They said Saudi output in the first eight days of March
+averaged 2.6 mln barrels per day (bpd) including oil from the
+neutral zone shared with Kuwait, compared to a February average
+of 3.5 mln bpd.
+    They said Saudi Arabia was also selling oil from its crude
+oil stocks in tankers around the world, which OPEC says must be
+counted towards a member's production quota. Saudi Arabia's
+quota is 4.133 mln bpd.
+    The lower production levels indicated Saudi Arabia, the
+world"s largest oil exporter, was insisting on getting Opec
+official prices, even at the cost of lower production, the
+sources said.
+    King Fahd reiterated yesterday, in an interview with
+Reuters and the television news agency Visnews, the Saudi
+commitment to OPEC's December pact to boost oil prices to an
+average 18 dlrs.
+    "Saudi Arabia is completely sticking to OPEC decisions," he
+said.
+    The sources said the kingdom's exports from Gulf ports
+averaged one mln bpd during the eight days ending last Sunday,
+down from a February average of 1.9 mln bpd.
+    They said Saudi Arabia was allowing production to fluctuate
+with lifting nominations and was not trying to maintain
+artificially high levels by putting oil into storage.
+    The kingdom's main buyers, the four U.S. Oil firms with
+past stakes in the national oil company Aramco -- Mobil, Exxon,
+Texaco and Chevron -- enjoy considerable flexibility in the
+timing and volume of their liftings but are bound to pay
+official prices, the sources said.
+    Spot market prices have firmed in the past two weeks but
+still remain below OPEC levels and major buyers have delayed
+liftings in the hope they would improve, the sources said.
+    They expected low early March output to pick up towards the
+end of the month as buyers sought to fulfill their contractual
+obligations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9160" NEWID="4247">
+<DATE>12-MAR-1987 10:26:49.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0175&#31;reute
+d f BC-LEWIS-LEHRMAN-TO-JOIN   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEWIS LEHRMAN TO JOIN MORGAN STANLEY &lt;MS></TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Morgan Stanley Group Inc said Lewis E.
+Lehrman will join the firm as senior advisor as a directory of
+Morgan Stanley Asset Management.
+    It said Lehrman will concentrate on the growth and
+development of Morgan Stanley's asset management business in
+the U.S., Europe and Asia.
+    Lehrman, the former president and chairman of the executive
+committee at Rite Aid Corpo &lt;RAD>, ran against Mario Cuomo as
+the Republican and Conservative Party Candidate for governor of
+New York State in 1982.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9161" NEWID="4248">
+<DATE>12-MAR-1987 10:27:50.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0178&#31;reute
+u f AM-PERLE-***URGENT   03-12 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERLE SAID PREPARING TO ANNOUNCE RESIGNATION</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>Assistant Defense Secretary Richard
+Perle is preparing to announce his resignation from the
+Pentagon, possibly as early as today, Pentagon officials said.
+    The officials, who asked not to be identified, told Reuters
+that Perle was expected to quit in order to become a private
+defense consultant.
+    Perle, a staunch critic of U.S.-Soviet arms control
+agreements and an influential spokesman for anti-Soviet
+hardliners in and out of the Reagan Administration, has served
+as assistant defense secretary for international security
+policy since 1981.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9162" NEWID="4249">
+<DATE>12-MAR-1987 10:28:06.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0179&#31;reute
+r f BC-LEADER-&lt;LDCO>-BUYS-PE   03-12 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEADER &lt;LDCO> BUYS PETROSURANCE STAKE</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 12 - </DATELINE><BODY>Leader Development Corp said it
+has purchased 300,000 shares of convertible preferred stock in
+&lt;Petrosurance Inc> for 1,500,000 dlrs in cash and real estate.
+    Petrosurance specializes in property and casualty insurance
+for the oil industry.
+    Leader said the stock is convertible into a Petrosurance
+common. Leader said it already owns 12.5 pct of Petrorusrance
+and conversion would give it about 45.0 pct.
+    The company said Petrosurance will use the sale proceeds to
+support growth and improve the structure of its reinsurance
+treaties to retain a larger part of premiums written.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9163" NEWID="4250">
+<DATE>12-MAR-1987 10:28:29.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0182&#31;reute
+w f BC-JAMESWAY-&lt;JMY>-OPENS   03-12 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMESWAY &lt;JMY> OPENS NEW STORE</TITLE>
+<DATELINE>    LURAY, Va., March 12 - </DATELINE><BODY>Jamesway Corp said it has opened its
+101st store, a 43,000 square foot unit in Luray, Va.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9164" NEWID="4251">
+<DATE>12-MAR-1987 10:28:35.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0183&#31;reute
+r f BC-&lt;TELCOM-GENERAL-CORP>   03-12 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TELCOM GENERAL CORP> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    SAN JOSE, Calif., March 12 - </DATELINE><BODY>Telcom General Corp, which
+stopped operating a month ago, said Robert F. Friedman has
+resigned as president, chief executive officer and a director.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9165" NEWID="4252">
+<DATE>12-MAR-1987 10:29:03.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0185&#31;reute
+h f BC-MONSANTO-&lt;MTC>-RESPON   03-12 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONSANTO &lt;MTC> RESPONDS TO CALL FOR LAWSUIT</TITLE>
+<DATELINE>    SAUGET, ILL., March 12 - </DATELINE><BODY>Monsanto Corp said a call by the
+Illinois Environmental Protection Agency requesting the
+Illinois Attorney General file a lawsuit against the company is
+"inappropriate and counterproductive."
+    The company said the suit seeks to force Monsanto to
+replace the chlorosulphonic acid cooling system at its William
+G. Krummrich plant in Sauget, Ill.
+    Monsanto said the basis for the agency's action was an
+accident March Three in which the plant's acid unit experienced
+an emission due to a failed expansion joint in the cooling
+system.
+    Monsanto said when the environmental agency recommended
+that the company replace the present cooling system, it
+contacted the manufacturer of the system to seek outside
+technical advice.
+    Monsanto said its analysis indicated that the present
+system represents the safest technology for producing
+chlorosulfonic acid, and removal of the system with expansion
+joints would increase - not decrease - the chances of further
+accidents.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9166" NEWID="4253">
+<DATE>12-MAR-1987 10:32:34.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0198&#31;reute
+s f BC-FEDERAL-REALTY-INVEST   03-12 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL REALTY INVESTMENT TRUST &lt;FRT> IN PAYOUT</TITLE>
+<DATELINE>    BETHESDA, Md., March 12 -
+    </DATELINE><BODY>Qtly div 27 cts vs 27 cts prior
+    Pay April 15
+    Record March 25
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9167" NEWID="4254">
+<DATE>12-MAR-1987 10:35:25.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0214&#31;reute
+r f BC-BDM-INTERNATIONAL-&lt;BD   03-12 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BDM INTERNATIONAL &lt;BDM> GETS AIR FORCE CONTRACT</TITLE>
+<DATELINE>    MCLEAN, Va., March 12 - </DATELINE><BODY>BDM International Inc said it has
+received a 26.7 mln dlr contract to provide operations,
+maintenance and test support to the U.S. Air Force Weapons
+Laboratory Nuclear Simulator Test Facilities at Kirtland Air
+Force Base in Albuquerque.
+    The company said the contract covers a four-year peiod and
+includes an option for another year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9168" NEWID="4255">
+<DATE>12-MAR-1987 10:38:23.37</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0227&#31;reute
+u f BC-WHITE-HOUSE-WELCOMES   03-12 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE WELCOMES RETAIL SALES FIGURES</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The White House welcomed the
+February retail sales figures showing a 4.1 pct rise, following
+a slow performance in January.
+    Spokesman Marlin Fitzwater told reporters: "The February
+sales growth was broad-based and good news for the economy."
+    Commerce Department figures showed a larger than expected
+rise following depressed levels of sales and factory orders in
+January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9169" NEWID="4256">
+<DATE>12-MAR-1987 10:41:54.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f0240&#31;reute
+u f BC-/TREASURY-OFFICIAL-SA   03-12 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY OFFICIAL SAYS PHILIPPINE PACT VERY NEAR</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>An agreement in the debt rescheduling
+talks between the Philippines and its commercial bank advisory
+committee seems to be close at hand, said David Mulford,
+Assistant Secretary of the U.S. Treasury.
+    "The Philippines negotiations resumed in early March and
+agreement now appears to be very near," Mulford told a debt
+conference, organized by the Euromoney magazine.
+    Mulford gave no further details. He told reporters after
+his speech that he had no information on the banks' response to
+the Philippines' revised proposal, based on partial payment of
+interest with investment notes instead of cash.
+    Progress in the Philippines talks, following recent
+agreements with Mexico, Chile and Venezuela, will help to
+dispel concerns of a new debt crisis, Mulford told the
+conference.
+    However, he said there will continue to be difficulties and
+periods of significant risk, requiring creative thinking on the
+part of the banks.
+    In particular, he urged the banks to develop a "menu of
+options for supporting debtor reforms as a means of maintaining
+broad bank participation in new financing packages."
+    Mulford said the banks should be able to offer a range of
+options to members of the lending syndicates, provided that the
+liquidity value of the total transactions to the debtor nations
+is equivalent to the banks' new money obligation.
+    He said it is more important to find ways of encouraging
+banks to remain in the syndicates than to find ways of enabling
+them to quit the lending groups.
+    Mulford said his menu of options could include more trade
+credits, direct portfolio investments, debt/equity swaps,
+project loans, co-financings and the invesmtent note concept,
+which has been proposed by the Philippines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9170" NEWID="4257">
+<DATE>12-MAR-1987 10:42:29.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0244&#31;reute
+d f BC-BEAUTICONTROL-COSMETI   03-12 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEAUTICONTROL COSMETICS INC &lt;BUTI> 1ST QTR NET</TITLE>
+<DATELINE>    DALLAS, March 12 - </DATELINE><BODY>Qtr ends Feb 28
+    Shr 10 cts vs 17 cts
+    Net 411,275 vs 584,118
+    Revs 4,977,818 vs 4,714,581
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9171" NEWID="4258">
+<DATE>12-MAR-1987 10:42:57.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0247&#31;reute
+d f BC-OLD-DOMINION-SYSTEMS   03-12 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLD DOMINION SYSTEMS INC &lt;ODSI> 1ST QTR JAN 31</TITLE>
+<DATELINE>    GERMANTOWN, Md., March 12 -
+    </DATELINE><BODY>Shr loss 11 cts vs profit five cts
+    Net loss 279,726 vs profit 76,591
+    Revs 1,300,000 vs 2,200,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9172" NEWID="4259">
+<DATE>12-MAR-1987 10:43:13.22</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>sweden</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0248&#31;reute
+u f BC-SWEDEN-SETS-OCTOBER-D   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN SETS OCTOBER DEADLINE FOR S.AFRICA BOYCOTT</TITLE>
+<DATELINE>    STOCKHOLM, March 12 - </DATELINE><BODY>Sweden announced its promised program
+of unilateral economic sanctions against South Africa and gave
+firms an October deadline to cut trading links.
+    Foreign Trade Minister Anita Gradin said a trade boycott of
+South Africa and neighbouring Namibia would take effect from
+July 1, followed by a three-month period of grace to give
+companies time to wind down their operations.
+    From October 1, no direct trade would be allowed in either
+direction, with certain exceptions covering medical supplies
+and printed matter, Gradin told a news conference.
+    She said exceptions would also be granted in cases where a
+Swedish trade boycott would benefit South African firms and
+disadvantage South Africa's black-ruled neighbours, the
+front-line states.
+    Gradin cautioned that legislation upon which the boycott
+would be based was not impossible to get round. She said a
+parliamentary committee would investigate ways of closing some
+of the bigger loopholes, including indirect trade with South
+Africa via Swedish subsidiaries in third countries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9173" NEWID="4260">
+<DATE>12-MAR-1987 10:43:27.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0249&#31;reute
+d f BC-GENERAL-BUILDING-INIT   03-12 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL BUILDING INITIAL SHARE OFFER UNDER WAY</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>&lt;General Building Products Corp> is
+offering one mln shares of stock at 11 dlrs a share, said
+co-managing underwriters, PaineWebber Inc and Ladenburg
+Thalmann and Co Inc.
+    Proceeds from the offering will be used to repay short-term
+debt, to finance the opening of new locations and as working
+capital, they said.
+    The company, headquarted in Medford, N.Y., sells lumber and
+building supplies to building contractors and, through retail
+outlets, to consumers.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9174" NEWID="4261">
+<DATE>12-MAR-1987 10:49:56.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0270&#31;reute
+r f BC-FIDELITY-NATIONAL-FIN   03-12 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIDELITY NATIONAL FINANCIAL INC &lt;FNF> 1ST QTR</TITLE>
+<DATELINE>    SCOTTSDALE, Ariz., March 12 - </DATELINE><BODY>Jan 31 end
+    Shr profit 49 cts vs loss not given
+    Net profit 1,360,000 vs loss 241,000
+    Revs 20.8 mln vs 14.3 mln
+    Avg shrs 2,760,000 vs 1,970,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9175" NEWID="4262">
+<DATE>12-MAR-1987 10:51:09.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0273&#31;reute
+u f BC-FRANCE'S-CENCEP-ISSUE   03-12 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE'S CENCEP ISSUES 1.9 BILLION FRANC BOND</TITLE>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>Centre National des Caisses d'Epargne et
+de Prevoyance (CENCEP) said it is issuing a 1.9 billion franc
+two-tranche, 12-year domestic bond led by Caisse des Depots et
+Consignations.
+    One 1.3 billion franc tranche of 5,000 franc bonds will
+have a fixed rate of 8.70 pct and issue price of 96.30 pct. A
+600 mln franc tranche of 5,000 franc bonds will carry interest
+of nine pct in the first year and then will have interest based
+on 90 pct of average bond market yields (TMO) with a guaranteed
+minimum of 5.5 pct. Issue price is 97.16 pct.
+    Payment date for both non-callable tranches is April 6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9176" NEWID="4263">
+<DATE>12-MAR-1987 10:56:27.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0284&#31;reute
+w f BC-HERLEY-MICROWAVE-&lt;HRL   03-12 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERLEY MICROWAVE &lt;HRLY> WINS CONTRACTS</TITLE>
+<DATELINE>    LANDCASTER, Penn., March 12 - </DATELINE><BODY>Herley Microwave Systems Inc
+said it won a series of contract additions and new awards worth
+7.7 mln dlrs.
+    It said the contracts were from the U.S. Navy and Airforce,
+Martin Marietta Corp &lt;ML>, and Northrop Corp &lt;NOC>. The orders
+are scheduled to be delivered in 1987 and early 1988.
+    The company said its Jan 31 backlog was 20 mln dlrs against
+21 mln dlrs a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9177" NEWID="4264">
+<DATE>12-MAR-1987 10:58:25.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0290&#31;reute
+r f BC-SHOWBOAT-&lt;SBO>-UNIT-S   03-12 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHOWBOAT &lt;SBO> UNIT SELLS MORTGAGE-BACKED BONDS</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Ocean Showboat Finance Corp, a unit of
+Showboat Inc, is raising 180 mln dlrs through an offering of
+mortgage-backed bonds due 2002 with an 11-3/8 pct coupon and
+par pricing, said sole manager Donaldson, Lufkin and Jenrette
+Securities Corp.
+    Moody's Investors Service Inc rates the bonds B-1 and
+Standard and Poor's Corp rates them B-plus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9178" NEWID="4265">
+<DATE>12-MAR-1987 10:58:29.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0291&#31;reute
+h f BC-VITRONICS-&lt;VITX>-PLAN   03-12 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VITRONICS &lt;VITX> PLANS BRITISH PLANT</TITLE>
+<DATELINE>    NEWMARKET, N.H., March 12 - </DATELINE><BODY>Vitronics Corp said it plans to
+establish a plant in Plymouth, England, to serve European
+customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9179" NEWID="4266">
+<DATE>12-MAR-1987 10:59:05.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0293&#31;reute
+u f BC-BRITISH-TELECOM-CAUTI   03-12 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH TELECOM CAUTIOUS ON EARNINGS PROSPECTS</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>British Telecommunications Plc's &lt;BTY.L>
+profit growth prospects for the coming years will be reduced by
+increasing competition and continued costs for replacing old
+telephone systems, deputy chairman Graeme Odgers said.
+    Speaking at a news conference on the third quarter results
+which were released earlier today, Odgers said the company
+faced heavy costs for installing new digital telephone systems
+in Britain for three to five years.
+    He said &lt;Mercury Communications Ltd>, a Cable and Wireless
+Plc &lt;CAWL.L> subsidiary, was becoming a significant competitor.
+    Odgers said Mercury was seeking to make inroads into some
+of British Telecom's most profitable areas.
+    One company official privately estimated that British
+Telecom still had a 99 pct share of the U.K. Telecommunications
+market but feared that this could slip to 95 or 90 pct.
+    The recent two-and-a-half-week engineering strike, which
+lead to some disruption in service, could well have encouraged
+clients to consider using the Mercury system, Odgers said.
+    However, he forecast that the last quarter's results
+overall should not be adversely affected by the walkout.
+    He calculated salary savings as a result of the strike at
+50 mln stg and while loss of income on telephone calls should
+be limited revenue probably dropped on peripheral activities.
+    But on balance Odgers said that group's financial strength,
+economies of scale and the fact that it operates in a growth
+industry will help produce annual profit increases for the
+forseeable future.
+    British Telecom will also seek to expand into
+manufacturing, he said, adding that research and development
+expenditure will rise both in terms of value and compared with
+the current proportion of two pct of overall turnover.
+    Analysts said the company's downbeat forecasts helped
+shares dip to 242p in mid-afternoon, down 4p from yesterday's
+close and off an early high of 248p.
+    Philip Augar of stockbrokers Wood Mackenzie and Co Ltd said
+the market expects slower profit growth, but forecast a seven
+to eight pct rise in both earnings per share and pretax profit
+over the next two years. In the 1985/86 financial year, pre-tax
+profit rose to 1.81 billion stg from 1.48 billion.
+    Augar noted that a government-imposed formula linking
+charges to inflation meant that the company's scope for raising
+prices was limited as long as inflation remains low.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9180" NEWID="4267">
+<DATE>12-MAR-1987 10:59:14.45</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0294&#31;reute
+b f BC-NO-NEAR-TERM-BRAZIL-C   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO NEAR TERM BRAZIL COFFEE MOVES EXPECTED</TITLE>
+<AUTHOR>    By Richard Jarvie, Reuters</AUTHOR>
+<DATELINE>    RIO DE JANEIRO, March 12 - </DATELINE><BODY>The Brazilian Coffee Institute,
+IBC, is unlikely to disclose its future export policy until the
+end of next week at the earliest, trade sources said.
+    IBC president Jorio Dauster is meeting government
+ministers, producers, exporters and market analysts to assess
+Brazil's position in the light of the failure of talks in
+London earlier this month to set new International Coffee
+Organization, ICO, export quotas.
+    "The failure of the talks means Brazil has got to rethink
+its position completely," one Santos exporter said.
+    A meeting of the National Coffee Policy Council is set for
+Thursday, March 19, and Dauster will almost certainly explain
+his plan to members then before announcing any new measures.
+    Dauster told reporters on his return from London last week
+that no decisions would be made on exports before he had held
+talks with all sectors of the industry.
+    Exporters said Dauster is not under any great pressure to
+start marketing coffee immediately. World prices have been
+recovering from the lows which followed the collapse of the ICO
+talks and Brazil has sold a reasonable 5.5 mln bags of 60 kilos
+for export in the first four months of this year.
+    The exporters said the key factor in the eventual opening
+of May and June export registrations will be the amount at
+which the contribution quota is set.
+    With little expectation of other sales incentive mechanisms
+such as discounts, bonuses and price fall guarantees being
+introduced, the level of the quota will be decisive in
+determining the competitiveness of Brazilian coffee on world
+markets, they said.
+    They noted that on February 16, the eve of a planned
+increase in the quota, April registrations were opened and
+closed after 1.68 mln bags were registered for export, a record
+amount for a single day.
+    If May/June registrations are opened under similar
+conditions as before, Brazil would have no difficulty in
+selling at least 2.0 mln bags per month.
+    "The problem would be how to limit sales," one exporter said.
+    Brazil's present foreign trade and payments problems mean
+there are pressures from the government to boost exports to
+maximise foreign exchange earnings.
+    However, the sources said they expect the IBC to adopt a
+marketing strategy aimed at regaining Brazil's dominant
+position as an exporter, but without causing a price war.
+    General opinion among exporters was that Brazil would plan
+to export between 17 and 18 mln bags this year of which between
+1.5 and 2.0 mln would be to non-members of the ICO.
+    The 15.5 mln to 16 mln bags sold to members would be around
+the figure Brazil had offered to ship if ICO quotas were
+reintroduced, although Dauster has said this offer expired with
+the breakdown of talks.
+    With the prospects of a crop of at least 28 mln bags this
+year, Brazil has the capacity to export up to 20 mln bags after
+meeting local consumption of around 7.0 mln, the sources added.
+    However, the sources said Brazil is unlikely even to
+consider exporting such quantities, as this would almost
+inevitably lead to a fall in world prices as Brazil tried to
+encroach on other producers' markets.
+    Maximum export earnings would be achieved by orderly
+marketing of traditional amounts, thus re-establishing Brazil's
+market share after last year's unusually low exports of 9.9 mln
+bags, enabling it to rebuild stocks and maintaining cordial
+relations with the producer group which backed Brazil's stance
+at the ICO talks, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9181" NEWID="4268">
+<DATE>12-MAR-1987 11:01:28.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L T
+&#22;&#22;&#1;f0298&#31;reute
+d f BC-REAGAN-SENDS-CONGRESS   03-12 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SENDS CONGRESS FEDERAL CREDIT REFORM BILL</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The White House said President
+Reagan would send to Congress today proposed legislation
+providing for sweeping reform of the budgetary treatment of the
+federal credit program.
+    Called the Federal Credit Reform Act of 1987, the proposal
+consists of a package of legislation and accompanying budget
+amendments, said White House spokesman Marlin Fitzwater.
+    He noted that in fiscal 1986 the federal government
+disbursed 42 billion dlrs in new direct loans and guaranteed
+loans totalling 159 billion dlrs.
+    Under the reform bill, Fitzwater said the subsidy element
+in direct loan and guaranteed loan programs would be
+established and Congress would appropriate the amount of the
+subsidy to the lending agency.
+    "This is kind of a truth in spending reform package,"
+Fitzwater said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9182" NEWID="4269">
+<DATE>12-MAR-1987 11:09:17.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0345&#31;reute
+d f BC-FOSTER-WHEELER-&lt;FWC>   03-12 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOSTER WHEELER &lt;FWC> UNIT SIGNS 90 MLN DLR PACT</TITLE>
+<DATELINE>    LIVINGSTON, N.J., March 12 - </DATELINE><BODY>Foster Wheeler Corp said its
+energy subsidiary signed a 90 mln dlr contract to design,
+engineer and construct two 550 mega-watt steam generators to be
+installed at the new Taichung Fossil Power project of Taiwan
+Power Co, Taiwan.
+    The contract also includes an option for two additional 550
+mega-watt units for the same site, the company said.
+    Taiwan Power Co's long range plans call for the
+installation of a total of eight units at the station.
+    Commercial operation of the two units is scheduled for June
+and December 1991, respectively, the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9183" NEWID="4270">
+<DATE>12-MAR-1987 11:10:37.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0350&#31;reute
+r f BC-FIELDCREST-&lt;FLD>-SELL   03-12 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIELDCREST &lt;FLD> SELLS CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Fieldcrest Cannon Inc is raising 110
+mln dlrs through an offering of convertible subordinated
+debentures due 2012 with a six pct coupon and par pricing, said
+sole underwriter Kidder, Peabody and Co Inc.
+    The debentures are convertible into the company's common
+stock at 44.25 dlrs per share, representing a premium of 26.43
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the debt is rated Ba-2 by
+Moody's Investors Service Inc and BB-minus by Standard and
+Poor's Corp. The issue was increased from an initial offering
+of 100 mln dlrs because of investor demand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9184" NEWID="4271">
+<DATE>12-MAR-1987 11:10:50.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0351&#31;reute
+b f BC-NORSK-HYDRO-ISSUES-10   03-12 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORSK HYDRO ISSUES 100 MLN DLR BOND</TITLE>
+<DATELINE>    London, March 12 - </DATELINE><BODY>Norsk Hydro is issuing a 100 mln dlr
+bond due April 9, 1997 carrying a coupon of 8-1/4 pct and
+priced at 101-5/8, said Swiss Bank Corp International as lead
+manager.
+    The issue is non-callable and will be listed on the London
+Stock Exchange. Payment date is April 9.
+    Fees for the issue include a 1-1/4 pct selling concession
+and a 3/4 pct combined management and underwriting fee.
+    The securities are available in denominations of 5,000 dlrs
+each. They are priced to yield 97 basis points over 10-year
+U.S. Treasury notes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9185" NEWID="4272">
+<DATE>12-MAR-1987 11:10:57.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0352&#31;reute
+r f BC-PHILADELPHIA-ELECTRIC   03-12 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA ELECTRIC &lt;PE> TO SELL BONDS</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Philadelphia Electric Co said it filed
+with the Securities and Exchange Commission a shelf
+registration statement covering up to 250 mln dlrs of first and
+refunding mortgage bonds.
+    Proceeds will be used for the company's construction
+program and to reduce short-term debt that may be incurred from
+time to time for interim financing of such building,
+Philadelphia Electric said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9186" NEWID="4273">
+<DATE>12-MAR-1987 11:11:23.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0356&#31;reute
+d f BC-TENNEY-ENGINEERING-IN   03-12 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENNEY ENGINEERING INC &lt;TNY> 4TH QTR NET</TITLE>
+<DATELINE>    UNION, N.J., March 12 -
+    </DATELINE><BODY>Shr two cts vs nine cts
+    Net 86,469 vs 325,937
+    Revs 5,119,637 vs 6,390,995
+    12 mths
+    Shr 10 cts vs 33 cts
+    Net 354,820 vs 1,148,476
+    Revs 21.2 mln vs 23.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9187" NEWID="4274">
+<DATE>12-MAR-1987 11:11:32.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0357&#31;reute
+h f BC-MEDIZONE-INTERNATIONA   03-12 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDIZONE INTERNATIONAL INC AQUIRES PATENT</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>&lt;Medizone International Inc> said it
+acquired a patent that covers procedures for the use of the
+Medizone Therapy in deactivating certain viruses commonly
+associated with AIDS, hepatitis and herpes.
+    The company said the patent covers procedures for the
+deactivation of the viruses in human and animal blood, and the
+treatment of stored blood prior to transfusion.
+    Medizone said the acquisition is seen as a significant step
+to enhance the company's proprietory position.
+    The company said the patent was acquired from an unnamed
+company involved in medical research and development for one
+million shares of its common stock.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9188" NEWID="4275">
+<DATE>12-MAR-1987 11:11:40.83</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0358&#31;reute
+b f BC-/-FED-NOT-EXPECTED-TO   03-12 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED NOT EXPECTED TO ADD RESERVES</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>The Federal Reserve is not expected to
+intervene in the government securities market today, several
+economists said.
+    They said the Fed does not have a much of an adding need
+this week and may wait until tomorrow or Monday before
+supplying reserves.
+    But a few economists said there was an outside chance that
+the Fed may inject reserves indirectly via a small round of
+customer repurchase agreements.
+    Federal funds hovered at 6-1/8 pct this morning after
+averaging 6.32 pct yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9189" NEWID="4276">
+<DATE>12-MAR-1987 11:11:45.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0359&#31;reute
+h f BC-MODERN-CONTROLS-INC-&lt;   03-12 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MODERN CONTROLS INC &lt;MOCON> 4TH QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 12 -
+    </DATELINE><BODY>Shr 10 cts vs 11 cts
+    Net 226,000 vs 236,000
+    Sales 1.3 mln vs 1.5 mln
+    Year
+    Shr 38 cts vs 45 cts
+    Net 819,000 vs 1,001,000
+    Sales 5.8 mln vs 6.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9190" NEWID="4277">
+<DATE>12-MAR-1987 11:15:00.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0374&#31;reute
+u f BC-INSTINET-&lt;INET>-SETS   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSTINET &lt;INET> SETS MEETING ON MERGER</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Instinet Corp said its board has
+scheduled a special shareholders' meeting for May 21 to vote on
+its proposed merger into Reuters Holdings PLC &lt;RTRSY>.
+    It said shareholders of record as of April 10 will be
+eligible to vote at the meeting.
+    Instinet said the meeting date is subject to adjustment,
+based on the length of time needed for the U.S. Securities and
+Exchange Commission to complete its review of the filing of
+merger proxy materials, which Instinet expects to make before
+the end of March.
+    Instinet said the filing of the preliminary merger proxy
+materials is tied to the finalization of audited financial
+statements of Instinet and Reuters for 1986.
+    Under a merger agreement entered into in November, Reuters
+tendered for up to 5.10 mln Instinet common shares, or about 45
+pct of those not already owned by Reuters. As a result of the
+tender, Reuters now owns about 49 pct of Instinet shares.
+    In the merger, holders of remaining Instinet shares will
+receive 8.50 dlrs of Reuters American Depositary Shares for
+each Instinet share.
+    The ADS's will be valued at the average of their closing
+prices in the 10 trading days before the effective date of the
+merger.
+    Instinet said it expects the merger to become effective as
+soon as possible after shareholder approval at the special
+meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9191" NEWID="4278">
+<DATE>12-MAR-1987 11:15:40.77</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0377&#31;reute
+b f BC-EC-grants-5,000-tonne   03-12 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EC GRANTS 5,000 TONNES SOFT WHEAT EXPORT  LICENCES AT 134.75 ECU REBATE - BRUSSELS TRADE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9192" NEWID="4279">
+<DATE>12-MAR-1987 11:15:50.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0378&#31;reute
+b f BC-******DAYTON-HUDSON-C   03-12 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DAYTON HUDSON CORP 4TH QTR OPER SHR 1.24 DLRS VS 1.55 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9193" NEWID="4280">
+<DATE>12-MAR-1987 11:18:08.44</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0392&#31;reute
+b f BC-EC-GRANTS-LICENCES-FO   03-12 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EC GRANTS LICENCES FOR 35,000 TONNES  BARLEY AT 137.35 ECUS REBATE - BRUSSELS TRADE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9194" NEWID="4281">
+<DATE>12-MAR-1987 11:18:44.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0399&#31;reute
+b f BC-******UNION-PACIFIC-S   03-12 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNION PACIFIC SAYS WILL SIGN PACT IN CARACAS ON MARCH 17 FOR SALE OF HALF ITS CORPUS CHRISTI REFINERY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9195" NEWID="4282">
+<DATE>12-MAR-1987 11:19:39.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0402&#31;reute
+b f BC-******CYACQ-OFFERS-TO   03-12 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CYACQ OFFERS TO RAISE CYCLOPS BUYOUT TO 92.50 DLRS/SHR FROM 80 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9196" NEWID="4283">
+<DATE>12-MAR-1987 11:20:03.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0405&#31;reute
+u f BC-SWISS-REGIONAL-BANKS   03-12 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS REGIONAL BANKS SET TWO BONDS</TITLE>
+<DATELINE>    ZURICH, March 12 - </DATELINE><BODY>The Issuing Centre of the Swiss Regional
+Banks said it is launching two bond issues of 90 mln and 58 mln
+Swiss francs.
+    The 90 mln franc 1987/95 issue has a coupon of 4-1/2 pct
+and issue price of 99.75 pct, while the 58 mln franc 1987/97
+issue has a coupon of 4-5/8 pct and issue price of 99.75 pct.
+    Subscriptions close March 25. The funds will be partly used
+to repay a 45 mln franc bond maturing on April 15.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9197" NEWID="4284">
+<DATE>12-MAR-1987 11:20:19.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0406&#31;reute
+b f BC-******WASTE-MANAGEMEN   03-12 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WASTE MANAGEMENT SAYS WAITING PERIOD ENDS ON ITS CHEMLAWN BID 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9198" NEWID="4285">
+<DATE>12-MAR-1987 11:21:32.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0409&#31;reute
+s f BC-PETRIE-STORES-CORP-&lt;P   03-12 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETRIE STORES CORP &lt;PST> REGULAR PAYOUT</TITLE>
+<DATELINE>    SECAUCUS, N.J., March 12 -
+    </DATELINE><BODY>Qtrly div 17.5 cts vs 17.5 cts prior
+    Pay April 20
+    Record April 2
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9199" NEWID="4286">
+<DATE>12-MAR-1987 11:24:43.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0418&#31;reute
+r f BC-UNILEVER-FRAGRANCE-UN   03-12 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNILEVER FRAGRANCE UNIT HAS LOWER 1986 EARNINGS</TITLE>
+<DATELINE>    NAARDEN, Netherlands, March 12 - </DATELINE><BODY>The flavours and
+fragrances firm &lt;Naarden International N.V.>, acquired by
+Anglo-Dutch food and detergents group Unilever Plc N.V. &lt;UN.AS>
+last year, said net profits for 1986 fell 11.4 pct to 19.5 mln
+guilders.
+    Naarden said earnings were hit by the fall in the value of
+both the dollar and sterling, noting the figure was in line
+with prior expectations. Net profit was 22.0 mln guilders in
+1985.
+    Earnings per share fell to 4.64 guilders from 5.48 in 1985
+on turnover of 627.8 mln, down from 662.6 mln. Naarden set a
+cash dividend of 1.80 guilders, unchanged from last year but
+without last year's share option for payment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9200" NEWID="4287">
+<DATE>12-MAR-1987 11:26:10.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0420&#31;reute
+r f BC-HOUSE-SUBCOMMITTEE-PO   03-12 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE SUBCOMMITTEE POSTPONES FSLIC ACTION</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The financial institutions
+subcommittee of the House Banking Committee postponed
+indefinitely a session to draft legislation on the Federal
+Savings and Loan Insurance Corp, FSLIC.
+    The mark-up session was postponed after Democrats on the
+subcommittee failed in a caucus to agree on several issues,
+including the size of a financial rescue package for FSLIC, a
+committee staff member said.
+    On Tuesday, the Senate Banking Committee passed a bill to
+recapitalize FSLIC at 7.5 billion dlrs over two years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9201" NEWID="4288">
+<DATE>12-MAR-1987 11:28:34.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0430&#31;reute
+u f BC-EAGLE-PITCHER-INDUSTR   03-12 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAGLE-PITCHER INDUSTRIES INC &lt;EPI> 1ST QTR NET</TITLE>
+<DATELINE>    CINCINNATI, March 12 -
+    </DATELINE><BODY>Shr 81 cts vs 81 cts
+    Net 8,750,024 vs 7,772,932
+    Revs 157.6 mln vs 162.4 mln
+    Avg shrs 10.8 mln vs 9.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9202" NEWID="4289">
+<DATE>12-MAR-1987 11:33:29.55</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0448&#31;reute
+u f BC-PORTUGUESE-GRAIN-AGEN   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGAL GRAIN AGENCY BARRED FROM IMPORT TENDERS</TITLE>
+<AUTHOR>    By Pascal Fletcher, Reuters</AUTHOR>
+<DATELINE>    LISBON, March 12 - </DATELINE><BODY>A Portuguese court has made a
+preliminary ruling that the state grain buying agency EPAC
+should not be allowed to take part in public import tenders
+open to private importers, grain traders and officials said.
+    Under the terms of Portugal's January 1986 accession to the
+European Community, EC, a grain import monopoly held by EPAC
+(Empresa Publica de Abastecimento de Cereais) is being reduced
+by 20 pct annually until all imports are liberalised in 1990.
+    Private traders protested last year that EPAC was being
+permitted to take part in tenders open to them for the first
+liberalised 20 pct share of the country's annual import needs.
+The grain and oilseed importers association ACICO opened legal
+proceedings to stop EPAC participating in the public tenders.
+    Miguel Ascensao of ACICO told Reuters that Lisbon's civil
+court, in a preliminary ruling, had decided EPAC should not be
+allowed to take part in tenders open to private traders.
+    Trade sources said the ruling, though effective
+immediately, was subject to appeal and would have to be
+confirmed in further proceedings.
+    A member of the government Cereals Market Commission said
+that, as a result of the court's decision, the Commission would
+not be able to accept offers from EPAC in a public tender being
+held today for the import of 80,000 tonnes of corn.
+    Ascensao said the court ruling stated that EPAC's
+participation in the public tenders violated the clauses of
+Portugal's EC accession treaty dealing with the gradual
+dismantling of the state agency's import monopoly.
+    It also said the participation of EPAC, which still
+controls the national grain storage and distribution network,
+was unfair competition to the private traders.
+    Traders said they believed the EC's Executive Commission
+was unlikely to get involved in the dispute, preferring to
+leave the case to be resolved as an internal Portuguese issue.
+    "They (the EC Commission) will be keeping a low profile," one
+trader said.
+    ACICO says it is ready to take its case to Brussels if
+necessary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9208" NEWID="4290">
+<DATE>12-MAR-1987 11:36:21.85</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0465&#31;reute
+u f BC-/U.S.-RETAIL-SALES-RI   03-12 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. RETAIL SALES RISE MASKS WEAK TREND - ANALYSTS</TITLE>
+<AUTHOR>    By Kathleen Hays, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>U.S. retail sales rose sharply in
+February but many economists said the underlying consumer
+spending trend remains weak.
+    February retail sales jumped 4.1 pct, more than the 2.5-3.0
+pct rise the financial markets had anticipated. But January's
+sales were revised down to a 7.4 pct drop, from a previously
+reported 5.8 pct decline.
+    "The trend is toward continued spending but certainly at a
+much more sluggish pace," said Don Maude of Midland Montagu
+Capital Markets Inc.
+    Maude averaged out the wide swings in the retail sales data
+over past four months to show that the pace of consumer
+spending is slowing.
+    Combining the latest data with a 0.6 pct drop in November
+and a 4.6 pct gain in December, the average retail sales gain
+over the four months was 0.2 pct, he said, compared to to a 0.4
+pct rise for year-over-year sales through February.
+    "You can see a pattern developing," Maude said. "I wouldn't
+be surprised to see a fall-off in March, especially since sales
+probably won't be boosted by auto sales as they were in
+February."
+    Despite the weak underlying trend, economists were
+impressed by a robust 1.5 pct gain in total sales excluding
+autos in February. This compared to a revised 0.4 pct decline
+in January, previously reported as a 0.1 pct decline.
+    "The increase in non-auto sales was broadbased, with gains
+in durable goods as well as non-durables," noted Ward McCarthy
+of Merrill Lynch Capital Markets Inc. "It was a pretty healthy
+report."
+    He noted that building materials rose 1.8 pct in February
+after falling 1.7 pct in January. General merchandise store
+sales gained 1.4 pct after a 1.6 pct rise in January.
+    "There are signs of life in the economy," McCarthy said.
+"But it's jumping to conclusions to extrapolate this report
+into the future." 
+    A 0.7 pct increase in disposable personal income in January
+which may be linked to the new tax laws probably helped boost
+spending in February, he said.
+    "A lot of people may be inadvertently under-withholding
+taxes from their paychecks," he said. "When people in this
+country get an increase in disposable income, the inclination
+is to go out and spend it," he said.
+    Economists said tomorrow's release of U.S. auto sales for
+the first 10 days of March will be an important indicator of
+how much this sector will add to first quarter spending.
+     Auto sales accounted for the lion's share of total
+February sales, rising 14.4 pct. This followed a 27.7 pct drop
+in January, previously reported as a 22.4 pct fall, due largely
+to the expiration of the sales tax deduction under new tax laws
+January 1, the Commerce Department noted.
+    Some economists argued that the because the gain in total
+sales excluding autos also followed a decline in January, the
+strength in the February report is less than impressive.
+    "There is strength in the February data, but that's because
+they were compared to low sales levels in January," said said
+Beth Reiners of Dean Witter Reynolds Inc. "We don't see it as a
+precursor of continued strength."
+    Durable goods sales rose 8.8 pct in February, after falling
+17.7 pct in January. February non-durable goods sales gained
+1.3 pct, after declining 0.2 pct in January.
+    Gasoline service station sales rose two pct in February,
+following a 1.9 pct gain in January, but economists said higher
+oil prices rather than an increased volume of gas sales
+probably accounted for these gains.
+    Reiners also emphasized that the trend in consumer spending
+is weakening. Total retail sales on average were 123 billion
+dlrs in the fourth quarter of 1986, she said. In January, they
+fell to a seasonally adjusted 117.52 bilion dlrs, and in
+February rose to 122.29 billion dlrs.
+    "On average, it looks like they'll total 120 to 121 mln
+dlrs in the first quartrer," she said. "We don't look at this
+as indication that the economy is barrelling along."
+    "The number is not really that problematic for those of us
+who are constructive on the bond market," agreed Elliot Platt
+of Donaldsen Lufkin and Jenrette Securities Corp.
+    Platt does not foresee potential for tighter monetary
+policy on the basis of the latest retail sales report.
+    "The Fed is on hold now because the data have been so
+confusing," he said.
+    "Before the 337,000 gain in February non-farm payroll
+employment, I would have looked for a discount rate cut in
+March," he said. "But now Fed officials will have to wait for
+the first quarter real U.S. gross national product data in
+April to sort things out."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9203" NEWID="4291">
+<DATE>12-MAR-1987 11:37:11.73</DATE>
+<TOPICS><D>earn</D><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0471&#31;reute
+r f BC-MAGMA-&lt;MGCPV>-SEES-PR   03-12 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGMA &lt;MGCPV> SEES PROFITABLE COPPER PRODUCTION</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Newmont Mining Corp &lt;NEM> said Magma
+Copper Co anticipates being able to produce copper at a profit
+by 1991, assuming copper prices remain at their current levels.
+    In an information statement distributed to Newmont
+shareholders explaining the dividend of Magma shares declared
+Tuesday, Newmont said Magma had a net loss of 46.6 mln dlrs in
+1986, adding this was equal to 1.22 cts a share.
+    Newmont holders will receive 80 pct of Magma's stock as a
+dividend of one share for each of the 30,458,000 Newmont shares
+now held. Newmont will retain 15 pct of the stock.
+    The 1986 net loss was on a pro forma basis, Newmont said.
+On a historical basis, it added, Magma had a 1986 net loss of
+58.1 mln dlrs on a loss from operations of 42.3 mln dlrs.
+    On Dec 31, 1986, Newmont said, Magma had about 85.0 mln
+dlrs of net operating loss carryforwards expiring in 1999-2000
+and about 4.0 mln dlrs of investment tax credit carryover
+expiring in 2000-2001.
+    Newmont said Magma has pre-tax losses of 290 mln dlrs
+during the 1981 through 1985 period, noting the five major U.S.
+primary copper producers reported aggregate pre-tax losses of
+1.9 billion dlrs during five year period.
+    Newmont said Magma had total sales of 347.3 mln dlrs last
+year, including copper sales of 293.4 mln dlrs.
+    It said the copper sales value was up from 267.6 mln dlrs
+in 1985 reflecting a 10.1 pct increase in quantity sold to
+212,000 short tons and a 0.4 pct decrease in price.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9204" NEWID="4292">
+<DATE>12-MAR-1987 11:37:26.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0473&#31;reute
+r f BC-RPT-INSITUFORM-OF-NOR   03-12 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RPT-INSITUFORM OF NORTH AMERICA INC &lt;INSUA> NET</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 12 - </DATELINE><BODY>4th qtr
+    Shr nine cts vs four cts
+    Net 658,159 vs 299,930
+    Revs 3,770,341 vs 2,614,224
+    Avg shrs 7,382,802 vs 6,747,442
+    Year
+    Oper shr 33 cts vs 18 cts
+    Oper net 2,287,179 vs 1,045,799
+    Revs 13.1 mln vs 8,577,853
+    Avg shrs 6,874,505 vs 5,951,612
+    NOTE: 1985 year net excludes 131,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9205" NEWID="4293">
+<DATE>12-MAR-1987 11:41:31.73</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0481&#31;reute
+f f BC-******FED-SAYS-IT-SET   03-12 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9206" NEWID="4294">
+<DATE>12-MAR-1987 11:41:49.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0482&#31;reute
+u f BC-/SEC-REMOVES-OBSTACLE   03-12 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC REMOVES OBSTACLE TO FOREIGN FUTURES TRADING</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The Securities and Exchange
+Commission removed a key regulatory obstacle to trading futures
+on designated foreign debt securities on U.S. exchanges.
+    The move would allow the Chicago Board of Trade, CBT, to
+apply to the Commodity Futures Trading Commission, CFTC, for
+approval of a futures contract on yen bonds.
+    The CBT has said it may apply for approval of the yen bond
+futures contract, a CFTC spokesman said.
+    The SEC's action, which was approved by a 4-0 vote,
+specifically removes a regulation against trading futures on
+designated foreign government debt securities on contract
+markets that are not located in the country that issued those
+securities.
+    Futures on the government debt securities of Japan, Canada
+and Great Britain can already be marketed in the United States
+under a designated exemption issued by the SEC.
+    But the new move would permit U.S. exchanges to apply to
+the CFTC for approval of establishing futures contracts on
+those securities, SEC officials said.
+    The new SEC move would also allow those foreign government
+debt securities to be marketed in the United States by
+countries other than those that issued the securities, the
+officials said.
+    Since the foreign government securities underlying the
+futures cannot be traded in the United States unless they are
+registered with the SEC, settlement and delivery of the futures
+would often take place in the foreign country, the SEC
+officials said.
+    The SEC is also considering expanding futures trading of
+additional countries' government securities to be marketed and
+traded in the United States, the officials said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9207" NEWID="4295">
+<DATE>12-MAR-1987 11:42:14.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0484&#31;reute
+u f BC-NL-INDUSTRIES-INC-&lt;NL   03-12 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NL INDUSTRIES INC &lt;NL> CHAIRMAN AND CEO QUITS</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>NL Industries Inc said its chairman
+and chief executive officer Theodore Rogers resigned this
+morning.
+    Rogers, who also resigned his posts as chairman and ceo of
+the company's subsidiary, NL Chemicals, was immediately
+replaced by Harold Simmons, the company said.
+    Simmons is president and chief executive officer of &lt;Valhi
+Inc>, which owns approximately 51 pct of NL Industries,
+according to the company.
+    Fred Montanari will remain executive vice president of NL
+Industries and president of NL Chemicals, the company said.
+    Rogers was the company chief executive officer since 1983
+and its chairman since 1984, according to the company. He
+retained both posts after a takeover in 1986 led by Simmons, th
+company said.
+    Rogers will remain as a consultant in certain company
+matters, NL said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9209" NEWID="4296">
+<DATE>12-MAR-1987 11:44:14.09</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>barley</D><D>corn</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0496&#31;reute
+b f BC-EC-COMMISSION-GRANTS   03-12 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION GRANTS EXPORT LICENCES - TRADE</TITLE>
+<DATELINE>    BRUSSELS, March 12 - </DATELINE><BODY>The European Community's, EC, cereal
+management committee granted export licences for 5,000 tonnes
+of quality soft bread-making wheat at a maximum export rebate
+of 134.75 European currency units, Ecus, per tonne, traders
+said.
+    The committee also granted export certificates of 35,000
+tonnes of barley at 137.35 Ecus per tonne, but rejected all
+bids for the export of soft feed wheat, they said.
+    Certificates were also granted for the export of 15,000
+tonnes of maize at a maximum rebate of 132.90 Ecus per tonne,
+the traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9210" NEWID="4297">
+<DATE>12-MAR-1987 11:44:39.74</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0499&#31;reute
+u f BC-GERMAN-BANKS-SAY-UNCE   03-12 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKS SAY UNCERTAINTY ABOUT ECONOMY GROWING</TITLE>
+<DATELINE>    BONN, March 12 - </DATELINE><BODY>Uncertainty is growing about the prospects
+for the economy as orders for industry fall and companies scale
+back investment plans, the German Savings Banks and Giro
+Association said.
+    Exporters expect foreign demand to remain weak, while
+industry is less optimistic than it was, the association said
+in a report.
+    However, last month's agreement among the six leading
+western industrialized countries to keep currencies around
+present levels was expected to be a stabilizing influence for
+exporters, it added.
+    The banking association said the possibility of using
+monetary policy to stimulate the economy should not be
+overestimated.
+    Another small drop in already low interest rates could not
+be expected to cause any significant rise in purchases of
+consumer or capital goods, it said.
+    The Bundesbank's half-point cuts in the discount and
+Lombard rates in January have largely exhausted the scope for
+any further monetary moves, the association added.
+    On Tuesday the Federal Statistics Office said gross
+national product stagnated in real, seasonally and calendar
+adjusted terms in the fourth quarter of 1986 compared with the
+third quarter.
+    The Economics Ministry, commenting on the figures, said GNP
+in the 1987 first quarter was also expected to be relatively
+weak.
+    Bank economists have forecast the economy will either
+stagnate or contract slightly in the first quarter. Official
+first-quarter figures are due in early June.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9211" NEWID="4298">
+<DATE>12-MAR-1987 11:45:22.18</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0501&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-12 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange two billion dlrs of
+customer repurchase agreements, a spokeswoman said.
+    Dealers said Federal funds were trading at 6-1/8 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9212" NEWID="4299">
+<DATE>12-MAR-1987 11:49:53.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0517&#31;reute
+r f BC-KODAK-&lt;EK>-REAFFIRMS   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KODAK &lt;EK> REAFFIRMS COMMITMENT TO PHOTOGRAPHY</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 12 - </DATELINE><BODY>Eastman Kodak Co said it will
+build a major facility here for the production of color film,
+reaffirming its commitment to its core photographic business.
+    Kodak said the plant will cost more than 200 mln dlrs to
+build and will be staffed by about 250 people who will be
+transferred from existing manufacturing operations. It said the
+plant should be operational by the fall of 1990.
+    Kodak said it does not intend to shut down any current
+capacity as anticipated growth in demand for photography
+products will "offset the additional capacity."
+    The company also said the facility will position it "well
+into the 21st century," in the photography business. It said
+the plant will initially produce color films for the
+professional and motion picture industry.
+    Kodak also said it will maintain its Rochester site as the
+center of its photographic technology operations. "We have been
+encourgaged that in recent years this community and New York
+state have been working hard to improve the business climate
+for manufucturing," said William F. Fowble, Kodak's sernior
+vice-presient and general manager of manufacturing. "We assume
+thesse efforts will continue."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9213" NEWID="4300">
+<DATE>12-MAR-1987 11:50:04.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0519&#31;reute
+d f BC-COLOROCS-&lt;CLRX>-SIGNS   03-12 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOROCS &lt;CLRX> SIGNS PACT WITH SHARP</TITLE>
+<DATELINE>    NORCROSS, Ga., March 12 - </DATELINE><BODY>Colorocs Corp said it signed a
+manufacturing agreement with Sharp Corp &lt;SHRP> of Japan for
+Sharp to build Colorocs' full-color copier.
+    No other details of the agreement were disclosed, but the
+company said more details would follow shortly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9214" NEWID="4301">
+<DATE>12-MAR-1987 11:51:22.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0522&#31;reute
+r f BC-WAITING-PERIOD-ENDS-O   03-12 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAITING PERIOD ENDS ON WASTE MANAGEMENT&lt;WMX> BID</TITLE>
+<DATELINE>    OAK BROOK, Ill., March 12 - </DATELINE><BODY>Waste Management Inc said it
+received notice of early termination of the Hart-Scott-Rodino
+waiting period for its 270 mln dlr takeover bid for Chemlawn
+Corp &lt;CHEM>.
+    The waiting period was terminated March 11, Waste
+Management said.
+    Chemlawn has rejected Waste Management's 27 dlrs a share
+bid. It has said it was talking with other parties about
+selling its business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9215" NEWID="4302">
+<DATE>12-MAR-1987 11:53:23.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0530&#31;reute
+u f BC-ASA-LTD-&lt;ASA>-1ST-QTR   03-12 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASA LTD &lt;ASA> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    CHATHAM, N.J., March 12 -
+    </DATELINE><BODY>Shr 1.42 dlrs vs 1.61 dlrs
+    Net 13.6 mln vs 15.5 mln
+    NOTE: Net asset value per share 77.72 dlrs vs 54.35 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9216" NEWID="4303">
+<DATE>12-MAR-1987 11:57:31.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0539&#31;reute
+u f BC-INVESTORS-TO-RAISE-CY   03-12 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS TO RAISE CYCLOPS &lt;CYL> TENDER PRICE</TITLE>
+<DATELINE>    DAYTON, Ohio, March 12 - </DATELINE><BODY>Cyacq Corp, an investor group
+bidding for Cyclops Corp, said it would raise its outstanding
+tender offer price for Cyclops common to 92.50 dlrs a share
+from 80 dlrs, if certain conditions were met.
+    The increased offer would exceed the 90.25 dlrs a share
+price offered by Dixons Group PLC in a tender offer for Cyclops
+that is part of a definitive agreement to acquire the
+Pittsburgh-based maker of carbon tool and specialty steel
+products.
+    Cyacq includes Audio/Video Affiliates Inc and Citicorp
+Capital Investors Ltd and other investors.
+    Cyclops has about 4.1 mln shares outstanding.
+    For the tender price to be raised, Cyclops must provide
+Cyacq with all non-public information provided to Dixons Group
+and Cyacq must be satisfied with financial projections made in
+offering material by Dixons based on the information, Cyacq
+said.
+    Additionally, Dixon Group's rights to buy Cyclops common
+and its rights to fees or expenses if the Dixon-Cyclop merger
+agreement is broken must be rescinded, Cyacq said.
+    Cyacq said financial projections it developed for Cyclops
+were materially lower than the financial projections provided
+by Cyclops to Dixons Group.
+    A Cyclops spokeswoman said the company had no details of
+the new Cyacq proposal and could not comment. "We have nothing
+in hand," she said.
+    In addition to making specialty metal products, Cyclops
+also operates about 115 specialty stores that sell consumer
+electronics products. The stores are located in 17 states
+concentrated in the Northeast, Northwest and Southwest.
+    Cyclops employs about 8,900 people in Pennsylvania, Ohio
+and other states. It also has interests in non-residential
+construction.
+    In 1986, Cyclops earned 21.3 mln dlrs or 5.26 dlrs a share
+on sales of 1.5 billion dlrs, compared to 1985 earnings of 26.2
+mln dlrs or 6.20 dlrs on sales of 1.4 billion, the spokeswoman
+said.
+    The agreement with Dixons Group calls for Cyclops's steel
+and construction businesses to be sold to a unit of Alleghany
+Corp &lt;Y> for about 110 mln dlrs once the merger is completed.
+    A Cyacq spokesman said the new conditional tender price
+would be all cash. He had no comment on whether Cyacq plans to
+withdraw its current offer, which is scheduled to expire
+midnight on March six.
+    Dixon Group's offer extends to March 17.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9217" NEWID="4304">
+<DATE>12-MAR-1987 11:57:49.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0540&#31;reute
+u f BC-resending;thanx   03-12 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAYTON HUDSON CORP&lt;DH> 4TH QTR JAN 31 OPER NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 12 -
+    </DATELINE><BODY>Oper shr 1.24 dlrs vs 1.55 dlrs
+    Oper net 120,800,000 vs 150,100,000
+    Revs 3.12 billion vs 2.74 billion
+    Year
+    Oper shr 2.62 dlrs vs 2.89 dlrs
+    Oper net 255,000,000 vs 280,500,000
+    Revs 9.26 billion vs 8.26 billion
+    NOTE: 1986 period ended February One
+    NOTE: Results exclude earnings from discontinued operations
+of 9.0 mln dlrs, or nine cts a share vs 3.2 mln dlrs, or three
+cts a share in the quarter and 2.1 mln dlrs, or two cts a share
+vs 3.1 mln dlrs, or three cts a share for the year
+    1987 earnings exclude gain on sale of B. Dalton Bookseller
+of 85.2 mln dlrs, or 88 cts a share in each period
+    1987 earnings exclude extraordinary charge from purchase
+and redemption of debt of 12.6 mln dlrs, or 13 cts a share in
+the quarter and 32.3 mln dlrs, or 33 cts a share for the year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9218" NEWID="4305">
+<DATE>12-MAR-1987 11:58:27.66</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0542&#31;reute
+u f BC-INDIA-BUYS-RBD-PALM-O   03-12 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA BUYS RBD PALM OLEIN AT TENDER</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The Indian State Trading Corp bought
+one, or possibly two, 6,000 tonne cargoes of Malaysian refined
+bleached deodorised palm olein at its vegetable oil import
+tender today for Mar 15/Apr 15 shipment at 355 dlrs per tonne
+cif, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9219" NEWID="4306">
+<DATE>12-MAR-1987 11:59:57.07</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0551&#31;reute
+r f BC-SPANISH-UNEMPLOYMENT   03-12 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH UNEMPLOYMENT RISES IN FEBRUARY</TITLE>
+<DATELINE>    MADRID, March 12 - </DATELINE><BODY>The number of Spanish registered
+unemployed rose by 15,608 to 2.98 mln or 21.5 pct of the
+workforce in January in the sixth consecutive monthly increase,
+the Labour Ministry said.
+    Registered unemployed totalled 2.81 mln or 21.1 pct of the
+workforce in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9220" NEWID="4307">
+<DATE>12-MAR-1987 12:01:44.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0560&#31;reute
+d f BC-VSE-CORP-&lt;VSEC>-4TH-Q   03-12 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VSE CORP &lt;VSEC> 4TH QTR NET</TITLE>
+<DATELINE>    ALEXANDRIA, Va., March 12 -
+    </DATELINE><BODY>Shr 49 cts vs 39 cts
+    Net 886,937 vs 892,323
+    Revs 25.9 mln vs 23.7 mln
+    Year
+    Shr 1.78 dlr vs 1.34 dlr
+    Net 3,254,301 vs 2,472,676
+    Revs 100.6 mln vs 87.4 mln
+    NOTE: 1986 4th qtr and year net includes income loss of
+MetCap subsidiary of 14,881 dlrs and 311,848 dlrs or 17 cts per
+share, respectively.
+    1985 4th qtr and year net includes loss in MetCap unit of
+108,598 dlrs and 298,412 dlrs or 16 cts per share,
+respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9221" NEWID="4308">
+<DATE>12-MAR-1987 12:02:30.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0564&#31;reute
+r f BC-AMERICAN-CENTURY-CORP   03-12 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CENTURY CORP &lt;ACT> GETS INJUNCTION</TITLE>
+<DATELINE>    SAN ANTONIO, March 12 - </DATELINE><BODY>American Century Corp said it was
+granted an injunction against Merrill Lynch and certain
+affiliates barring them from taking or selling any of the
+collateral for a 12 mln dlr line of credit extended by Merrill.
+    American said State District Judge Fred Biery granted the
+injunction in connection with a suit filed by &lt;G.H.Stool>
+against Merrill Lynch in November 1986.
+    Under the order, Merrill Lynch is barred from taking or
+selling the collateral, namely 32 pct of the outstanding
+American Century shares plus real estate interests, for the
+credit line extended to &lt;G.H. Stool>, American's chairman John
+Kerr and Robert Feldman, a director with American.
+    The company said the suit seeks punitive and actual
+damanges from Merrill Lynch for fraud and refusing to honor
+what it contends was a binding commitment to a extend and
+increase the loan to provide the financing to acquire 100 pct
+of the American Century shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9222" NEWID="4309">
+<DATE>12-MAR-1987 12:04:14.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0577&#31;reute
+r f BC-ANHEUSER-BUSCH-&lt;BUD>   03-12 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANHEUSER-BUSCH &lt;BUD> SELLS SINKING FUND DEBT</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Anheuser-Busch Cos is raising 150 mln
+dlrs through an offering of sinking fund debentures due 2017
+yielding 8.593 pct, said sole manager Dillon, Read and Co Inc.
+    The debentures have an 8-1/2 pct coupon and were priced at
+99 to yield 97 basis points over the off-the-run 9-1/4 pct
+Treasury bonds of 2016.
+    Non-refundable for 10 years, the issue is rated Aa-3 by
+Moody's and AA-minus by S and P. A sinking fund starting in
+1998 to retire five pct of the debentures a year can be upped
+by 200 pct at the company's option, giving them an estimated
+minimum life of 13.9 years and maximum of 20.5 years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9223" NEWID="4310">
+<DATE>12-MAR-1987 12:05:34.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0585&#31;reute
+u f BC-SECURITY-PACIFIC-&lt;SPC   03-12 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC &lt;SPC> BUYS ORBANCO &lt;ORBN></TITLE>
+<DATELINE>    LOS ANGELES, March 12 - </DATELINE><BODY>Security Pacific Corp said it
+completed its previously announced acquisition of Orbanco
+Financial Services Corp after receiving federal approval of the
+deal.
+    Security Pacific said the Federal Reserve Board approved on
+Wednesday its purchase of the Portland, Ore.-based bank holding
+company and financial services concern.
+    The purchase of Orbanco, for about 47 mln dlrs in cash and
+common stock, will be effective in 30 days, a Security Pacific
+spokeswoman said.
+    Terms call for each share of Orbanco common stock to be
+exchanged for about 14 dlrs of Security Pacific common stock,
+plus 1.50 dlrs cash.
+    Each share of Orbanco's 100-dlr par value preferred stock
+will be exchanged for 100 dlrs cash, plus accrued dividends.
+    Orbanco, with one billion dlrs in assests, is the holding
+company for the Oregon Bank, Orbanco Real Estate Service Co,
+American Data Service Inc and Orbanco Securities Corp.
+    Security Pacific now has four major regional bank purchases
+outside California completed or pending.
+    Security Pacific bought The Arizona Bank, with assets of
+four billion dlrs, in the fourth quarter of 1986.
+    Pending approval currently is the purchase of Rainier
+Bancorporation &lt;RBAN>, with assets of 9.2 billion dlrs. In
+anticipation of legislative changes that take effect in 1989,
+Security Pacific has also negotiated the future purchase of The
+Nevada Bank, with assets of 615 mln dlrs.
+    Security Pacific is the sixth largest U.S. bank holding
+company, with assets of about 61.60 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9224" NEWID="4311">
+<DATE>12-MAR-1987 12:05:46.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM E
+&#22;&#22;&#1;f0587&#31;reute
+f f BC-******S/P-DOWNGRADES   03-12 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P DOWNGRADES CANADA'S PROVINCE OF SASKATCHEWAN, AFFECTS 1.68 BILLION U.S. DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9225" NEWID="4312">
+<DATE>12-MAR-1987 12:06:30.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0591&#31;reute
+r f BC-BUSINESSLAND-&lt;BUSL>-S   03-12 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUSINESSLAND &lt;BUSL> SELLS CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Businessland Inc is raising 50 mln
+dlrs via an offering of convertible subordinated debentures due
+2007 with a 5-1/2 pct coupon and par pricing, said lead manager
+Shearson Lehman Brothers Inc.
+    The debentures are convertible into the company's common
+stock at 20/50 dlrs a share, representing a 25.19 pct premium
+over the stock price when terms on the debt were set.
+    Non-callable for two years, the debt is rated B-3 by
+Moody's Investors Service Inc. The issue was increased from an
+initial offering of 40 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9226" NEWID="4313">
+<DATE>12-MAR-1987 12:09:06.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0611&#31;reute
+h f BC-DRANETZ-TECHNOLOGIES   03-12 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRANETZ TECHNOLOGIES INC &lt;DRAN> YEAR DEC 31 NET</TITLE>
+<DATELINE>    EDISON, N.J., March 12 - 
+    </DATELINE><BODY>Shr 46 cts vs 77 cts
+    Qtly div six cts vs six cts prior
+    Net 2,198,469 vs 3,635,565
+    Revs 23.1 mln vs 26.0 mln
+    Note: 1986 net includes one-time charge of 249,000 dlrs or
+five cts a share from discontinuation of Boat Sentry and
+Lakontek products.
+    Qtly div payable April 15 to shareholders of record March
+24.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9227" NEWID="4314">
+<DATE>12-MAR-1987 12:09:17.45</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0612&#31;reute
+u f BC-/U.S.-TO-ASK-FOR-SHAR   03-12 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO ASK FOR SHARE OF JAPAN'S RICE MARKET</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said he will ask Japan to offer a share of its rice market
+to U.S. exporters when he visits that country next month.
+    In an interview with Reuters, Lyng also said the Reagan
+administration will ask Tokyo to remove its quotas on U.S. beef
+and citrus exports.
+    Lyng, who plans to be in Japan April 14-27, said he will
+not ask Tokyo to liberalize fully its rice market. "We will urge
+that they consider sharing their rice market," he said.
+    The USDA secretary would not say how big a share of the
+Japanese rice market the U.S. would request. "We've got none of
+it now. If we got one per cent of it, it would be a big
+improvement," he said.
+    Last year, the Reagan administration rejected a petition by
+the U.S. rice industry seeking relief from Japanese import
+restrictions.
+    However, the U.S. said it would reexamine the issue if by
+mid-1987 Japan did not roll back import barriers to U.S. rice
+exports.
+    Lyng said he would not be conducting formal negotiations
+next month with Japan over their beef and citrus quotas, but
+that his visit "may be a forerunner in a general way" to talks
+prior to expiration of the bilateral agreement in March 1988.
+    He said, however, that the U.S. "will ask for a definite
+liberalization of those items (beef and citrus).... When you
+translate 'liberalization' into Japanese, it means do away with
+the quota."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9228" NEWID="4315">
+<DATE>12-MAR-1987 12:11:08.35</DATE>
+<TOPICS><D>acq</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0620&#31;reute
+u f BC-/UNION-PACIFIC-&lt;UNP>   03-12 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION PACIFIC &lt;UNP> TO SELL PART OF REFINERY</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Union Pacific Corp said it will sign a
+pact in Caracas on March 17 with Petroleos De Venezuela, PDVSA,
+to sell the state owned company half of its Corpus Christi,
+Texas refinery owned by its Union Pacific's Champlin Petroleum
+Co subsidiary.
+    The sale will also include the related marketing and
+distribution system for the refinery's products.
+    A spokesman for the company said that a statement may be
+issued later today giving details of the transaction.
+    There was no immediate comment from PDVSA officials in New
+York.
+    The Corpus Christi refinery has a capacity of about 160,000
+barrels per day, the Union Pacific spokesman said, and is a
+largely upgraded facility but he would place no value on the
+transaction.
+    The additional acquisition of refinery and distribution
+assets by PDVSA has been expected as Venezuela has been moving
+aggressively to enhance its role in the oil industry from
+producer to excpanding its presence in the downstream sector.
+    Purchase of part of Champlin's operations also fits a
+profile which PDVSA officials have said previously they looked
+for in any acquisition.
+    One PDVSA official said the company was looking for
+independent oil companies with good refinery and distribution
+network and a strong regional presence.
+    The potential purchase of the interest in Champlin followed
+its earlier acquisition of a part interest in Southland Corp's
+&lt;SLC> Citgo Petroleum Corp subsidiary.
+    In that agreement signed September 15, 1986, PDVSA paid
+Southland 290 mln dlrs for half of Citgo's stock.
+    The potetnital acquisition of half Champlin's Corpus
+Christi plant will also give Venezuela an additional outlet for
+its crude oil production while giving the refiner an assured
+source of supply, trade sources said.
+    In the earlier deal with Southland, PDVSA agredd to to
+supply Citgo with at least 130,000 bpd of crude oil and other
+feedstocks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9229" NEWID="4316">
+<DATE>12-MAR-1987 12:14:12.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM E
+&#22;&#22;&#1;f0637&#31;reute
+u f BC-S/P-DOWNGRADES-CANADA   03-12 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P DOWNGRADES CANADA'S PROVINCE OF SASKATCHEWAN</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded Canada's Province of Saskatchewan. The action
+affects the equivalent of 1.68 billion U.S. dlrs of debt.
+    S and P lowered the province's long-term debt to AA-minus
+from AA.
+    The rating agency said the action reflected a substantial
+increase in Saskatchewan's budget deficit for fiscal 1987 and
+prospects for greater tax-supported debt in the medium term.
+    S and P pointed out that the outlook for future revenue
+growth is constrained by general weakness in the province's
+commodity-based economy because of low prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9230" NEWID="4317">
+<DATE>12-MAR-1987 12:15:25.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0645&#31;reute
+u f BC-NIAGARA-MOHAWK-&lt;NMK>   03-12 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIAGARA MOHAWK &lt;NMK> TO REPLACE NINE MILE VALVES</TITLE>
+<DATELINE>    SYRACUSE, N.Y., March 12 - </DATELINE><BODY>Niagara Mohawk Power Co said the
+existing ball-type main steam isolation valves installed at
+Unit Two of the Nine Mile Nuclear Station will be replaced with
+standard Y-pattern globe valves.
+    This decision will delay start-up of the power plant for
+about three to four months, resulting in a delay in commercial
+operation of the plant to as late as the beginning of 1988, the
+utility said. It previously had projected commercial operation
+in September.
+    The possibility of a delay to the first quarter 1988 was
+raised by Rochester Gas and Electric Corp &lt;RGS> last week.
+    Niagara Mohawk said the delay will add to the plant's cost
+at the rate of about 60 mln dlrs per month.
+    A spokesman said this includes a total of about 10 mln dlrs
+for removing the old valves and buying and installing the new
+ones.
+    The utility said the total anticipated cost of the plant is
+now about six billion dlrs, up from the 5.87 billion dlrs
+projected previously.
+    This has increased the minimum overall disallowances under
+the settlement Nine Mile Two's owners reached with New York
+state regulators to over 2.1 billion dlrs, it added.
+    Niagara Mohawk has a 41 pct interest in Nine Mile Two,
+making its share of the disallowance about 1.1 billion dlrs
+before income tax effects.
+    Long Island Lighting Co &lt;LIL> and New York State Electric
+and Gas Corp &lt;NGE> each have an 18 pct interest in the plant
+while Rochester Gas owns 14 pct and Central Hudson Gas and
+Electric Corp &lt;CNH> has nine pct.
+    The ball valves were manufactured by a Gulf and Western Inc
+&lt;GW> subsidiary which is now owned by Crosby Valve and Gauge
+Co, a subsidiary of Gearhart Industries Inc &lt;GOI>, the
+spokesman said.
+    The Niagara Mohawk spokesman said the Nine Mile Two owners
+are looking into the possibility that the valve supplier might
+have liability for the costs of the delays caused by the
+valves.
+    The utility said the replacement valves are manufactured by
+Rockwell International Inc &lt;ROK>.
+    The company said it spent considerable time testing and
+modifying the ball valves which, until recently, "demonstrated
+potential for both improvement in performance and in ease of
+maintenance."
+    "Since activities to date have not yet proven to be
+completely successful and because of timing and resulting
+additional cost of achieving the leak tightness standard is
+uncertain, we have no choice but to replace them," Niagara
+Mohawk said of the ball valves.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9231" NEWID="4318">
+<DATE>12-MAR-1987 12:16:23.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0652&#31;reute
+r f BC-LANDS-END-INC-&lt;LEYS>   03-12 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANDS END INC &lt;LEYS> YEAR JAN 31 NET</TITLE>
+<DATELINE>    DODGEVILLE, Wis., March 12 -
+    </DATELINE><BODY>Shr 1.46 dlrs vs 1.13 dlrs
+    Net 14,650,000 vs 11,270,000
+    Sales 265 mln vs 227.1 mln
+    Avg shrs 10,020,000 vs 9,980,000
+    Note: Earnings are pro forma, including the increase in
+common shares that took place last October when the company
+went public through an initial offering of 1.4 mln shares. Avg
+shrs assume the shares sold to public and employees were
+outstanding during the entire period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9232" NEWID="4319">
+<DATE>12-MAR-1987 12:16:28.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0653&#31;reute
+d f BC-NEW-BEDFORD-SAVINGS-G   03-12 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW BEDFORD SAVINGS GOES PUBLIC</TITLE>
+<DATELINE>    NEW BEDFORD, Mass., March 12 - </DATELINE><BODY>&lt;New Bedford Institution for
+Savings> said it completed its conversion to a stock form of
+ownership from a mutual savings bank.
+    In the conversion, it said it issued 9.4 mln shares at
+14.375 dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9233" NEWID="4320">
+<DATE>12-MAR-1987 12:16:40.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0654&#31;reute
+u f BC-BUDAPEST-BANK-ISSUES   03-12 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUDAPEST BANK ISSUES BONDS TO EXPAND RESOURCES</TITLE>
+<DATELINE>    BUDAPEST, March 12 - </DATELINE><BODY>Budapest Bank Rt has become the first
+of the commercial banks operating since January to issue bonds
+to expand its resources, the official Hungarian news agency MTI
+said.
+    The seven-year bonds totalling 500 mln forints may be taken
+up by companies, cooperatives and enterprises, MTI said.
+    The interest rate will always be 0.5 points above that
+charged to commercial banks by the National Bank of Hungary for
+loans exceeding one year. This year's rate will thus be 11 pct.
+    The funds raised will be used to increase the bank's
+investment loan offer for small and medium-sized companies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9234" NEWID="4321">
+<DATE>12-MAR-1987 12:16:52.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0656&#31;reute
+d f BC-FIRST-PROVIDENT-&lt;FPGI   03-12 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST PROVIDENT &lt;FPGIU> GETS CONTRACT</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 12 - </DATELINE><BODY>First Provident Group Inc said
+it received a contract for over nine mln dlrs for the
+development of a 252-unit apartment community complex here.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9235" NEWID="4322">
+<DATE>12-MAR-1987 12:17:14.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0657&#31;reute
+d f BC-SAAB-SCANIA-WINS-15-M   03-12 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAAB-SCANIA WINS 15 MLN DLR BUS CONTRACT</TITLE>
+<DATELINE>    ORANGE, Conn., March 12 - </DATELINE><BODY>&lt;Saab-Scania AB> of Sweden said
+its Saab-Scania of America Inc unit was awarded a 15 mln dlr
+contract to supply transit busses to the transport services
+department of Honolulu, Hawaii.
+    The company said it will supply 94 CN-112 busses under the
+contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9236" NEWID="4323">
+<DATE>12-MAR-1987 12:21:28.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0671&#31;reute
+r f BC-BANCROFT-&lt;BCF>-SUES-Z   03-12 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCROFT &lt;BCF> SUES ZICO</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Zico INvestment Holdings INc said that
+Bancroft Convertible Fund Inc filed suit seeking to enjoin
+Zico's 30 dlr-a-share tender offer for 500,000 Bancroft shares.
+    In its complaint, Bancroft said the tender offer materials
+and letters to shareholders are false and misleading and that
+the tender offer violates the investment company act of 1940.
+    Zico said the suit is totally without merit and vigorously
+intends to contest it.
+    A motion is scheduled to be heard on March 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9237" NEWID="4324">
+<DATE>12-MAR-1987 12:23:10.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0679&#31;reute
+r f BC-BULL-TO-GET-800-MLN-F   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BULL TO GET 800 MLN FRANC CASH INFUSION</TITLE>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>France's state-owned computer group Cie
+des Machines Bull &lt;BULP.PA> is to receive a government cash
+infusion of about 800 mln francs in addition to an 800 mln bond
+issue with share warrants planned for April, a Finance Ministry
+spokeswoman said.
+    The capital injection will be in two stages, the first this
+year and the second at the start of 1988, she said.
+    Earlier this month Bull reported a consolidated net 1986
+profit of 271 mln francs compared with 110 mln in the previous
+year. It also cited a fall in debt and increasing productivity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9238" NEWID="4325">
+<DATE>12-MAR-1987 12:23:38.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0683&#31;reute
+r f BC-TRITON-ENERGY-&lt;OIL>-P   03-12 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRITON ENERGY &lt;OIL> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    DALLAS, March 12 - </DATELINE><BODY>Triton Energy Corp said president Thomas
+Goff resigned.
+    The company gave no reason for the resignation.
+    It said chairman and chief executive officer William Lee
+will assume the role of president until a replacement has been
+found.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9239" NEWID="4326">
+<DATE>12-MAR-1987 12:25:38.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0689&#31;reute
+r f BC-SWEDISH-GOVERNMENT-EA   03-12 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH GOVERNMENT EASES PRICES FREEZE CONDITIONS</TITLE>
+<DATELINE>    STOCKHOLM, March 12 - </DATELINE><BODY>The Finance Ministry said it will
+allow companies to claim exemption from a wage freeze imposed
+in January because of exchange rate fluctuations .
+    The Price and Cartel Board, empowered by the government to
+oversee the price freeze, will allow importers to charge
+consumers the extra required if exchange rates changed, the
+ministry said in a statement.
+    The board had granted very few exceptions from the freeze
+and will continue to apply the rules rigidly, apart from the
+newly-announced measures, the statement said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9240" NEWID="4327">
+<DATE>12-MAR-1987 12:26:36.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0694&#31;reute
+r f BC-SEABOARD-CORP-&lt;SEB>-3   03-12 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEABOARD CORP &lt;SEB> 31 WEEK YEAR NET</TITLE>
+<DATELINE>    NEWTON, Mass., March 12 -
+    </DATELINE><BODY>Shr 14.63 dlrs
+    Net 21.8 mln
+    Revs 252.9 mln
+    NOTE: Company changed its reporting period to Dec 31 from
+May 31. It said prior year comparisons were thus not
+applicable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9241" NEWID="4328">
+<DATE>12-MAR-1987 12:27:03.79</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>turkey</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0697&#31;reute
+d f BC-TURKISH-SHIP-HEADED-F   03-12 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH SHIP HEADED FOR FLORIDA AFTER EXPLOSION</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The Turkish ore/bulk/oil vessel Obo
+Engin, 78,078 tonnes dwt, had an explosion in its boiler
+yesterday, Lloyds shipping Intelligence Service reported.
+    The vessel has retained some power and yesterday evening
+was in position Lat. 25 57 N., Long. 75 06 W. It is diverting
+to Jacksonville, Florida, with its cargo of 58,000 tons of
+coal.
+   The vessel was bound for Iskenderun, Turkey from Lake
+Charles.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9242" NEWID="4329">
+<DATE>12-MAR-1987 12:28:33.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0701&#31;reute
+h f BC-PORSCHE-RECALLS-892-O   03-12 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORSCHE RECALLS 892 OF ITS 1987 MODEL CARS</TITLE>
+<DATELINE>    RENO, NEV., March 12 - </DATELINE><BODY>Porsche Cars North America Inc said
+it will recall 892 Porsche 928S-4 model vehicles to replace
+possibly defective fuel return hoses.
+    It said the recall involves only 1987 model year vehicles.
+    Porsche said the cars involved may have been fitted with
+fuel return hoses which are not sufficiently resistant to
+damage by exposure to atmospheric ozone.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9243" NEWID="4330">
+<DATE>12-MAR-1987 12:28:49.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0703&#31;reute
+r f BC-REUTER-INC-&lt;REUT>-4TH   03-12 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER INC &lt;REUT> 4TH QTR</TITLE>
+<DATELINE>    HOPKINS, Minn., March 12 -
+    </DATELINE><BODY>Shr 67 cts vs six cts
+    Net 1.6 mln vs 131,630
+    Revs 6.5 mln vs 4.5 mln
+    Year
+    Shr 85 cts vs 19 cts
+    Net 2.0 mln vs 427,749
+    Revs 25.1 mln vs 17.4 mln
+    NOTE: 1986 net includes 1.4 mln dlrs in tax loss carryback.
+Reuter Inc is a spindle maker. It is not connected with Reuters
+Holdings PLC.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9244" NEWID="4331">
+<DATE>12-MAR-1987 12:29:04.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0704&#31;reute
+s f BC-CENTEL-CORP-&lt;CNT>-REG   03-12 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTEL CORP &lt;CNT> REGULAR PAYOUT SET</TITLE>
+<DATELINE>    CHICAGO, March 12 -
+    </DATELINE><BODY>Qtly div 62-1/2 cts vs 62-1/2 cts previously
+    Pay April 30
+    Record April Seven
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9245" NEWID="4332">
+<DATE>12-MAR-1987 12:29:41.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0706&#31;reute
+r f BC-AMERICAN-STORES-&lt;ASC>   03-12 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN STORES &lt;ASC> MAY BE DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Standard and Poor's Corp said it
+placed on creditwatch with negative implications American
+Stores Co because of its intention to repurchase up to 2.56 mln
+shares of common stock, currently valued at 170 mln dlrs.
+    American has 78 mln dlrs of A-rated senior debt and 256 mln
+dlrs of BBB preferred stock, as well as A-1 paper.
+    S and P said it projected debt to capital, pro forma for
+the stock buy back, at more than 67 pct compared with an
+average of 58.6 pct for the five years through 1985. Return on
+permanent capital is estimated at between 15 and 16 pct, versus
+an average of 18.4 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9246" NEWID="4333">
+<DATE>12-MAR-1987 12:30:35.96</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0708&#31;reute
+u f BC-MOBIL-&lt;MOB>-TO-RESTRU   03-12 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> TO RESTRUCTURE EXPLORATION UNIT</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Mobil Oil Corp said it will
+restructure its Dallas-based Mobil Exploration and Producing
+Services Inc operations April one, to provide stronger
+technological support to its U.S. and overseas operations.
+    Mobil said the operation will consist of two new units,
+Technical Services and Application Technology, along with the
+existing Drilling and New Exploration Ventures groups. It said
+R.C. Mills, president and general manager of its Exploration
+and Producing Southeast Inc, has been named vice president and
+general manager of the new operation reporting to P.J.
+Hoenmans, president of its Exploration and Producing division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9247" NEWID="4334">
+<DATE>12-MAR-1987 12:30:39.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0709&#31;reute
+b f BC-******MERRILL-LYNCH-S   03-12 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MERRILL LYNCH SAYS IT FIRED NAHUM VASKEVITCH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9248" NEWID="4335">
+<DATE>12-MAR-1987 12:33:31.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0724&#31;reute
+u f BC-BADGER-&lt;BMI>-SEES-NO   03-12 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BADGER &lt;BMI> SEES NO REASON FOR TRADING ACTIVITY</TITLE>
+<DATELINE>    MILWAUKEE, March 12 - </DATELINE><BODY>Badger Meter Inc said it was not
+aware of any reason for the unusual trading activity in its
+common stock.
+    Badger was trading at 21-5/8, up 1-5/8.
+    The company made the statement in response to an inquiry
+from the American Stock Exchange regarding the unusual activity
+in its stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9249" NEWID="4336">
+<DATE>12-MAR-1987 12:34:26.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0730&#31;reute
+u f BC-LANE-CO-&lt;LANB>-CHAIRM   03-12 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANE CO &lt;LANB> CHAIRMAN SUBMITS RESIGNATION</TITLE>
+<DATELINE>    ALTAVISTA, Va., March 12 - </DATELINE><BODY>Lane Co Inc said its chairman,
+B.B. Lane, has submitted his resignation as a director, officer
+and employee, effective immediately.
+    A company spokesman said there were no details available
+beyond Lane Co's one sentence statement.
+    According to proxy material the company filed with the
+Securities and Exchange Commission in February 1986, B.B. Lane
+then held about 4.5 pct of the company's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9250" NEWID="4337">
+<DATE>12-MAR-1987 12:36:05.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0742&#31;reute
+r f BC-EQUITY-OIL-CO-&lt;EQTY>   03-12 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITY OIL CO &lt;EQTY> 4TH QTR LOSS</TITLE>
+<DATELINE>    SALT LAKE CITY, March 12 -
+    </DATELINE><BODY>Shr loss nine cts vs profit 11 cts
+    Net loss 1,102,592 vs profit 1,364,763
+    Revs 2,836,508 vs 5,547,121
+    Year
+    Shr loss six cts vs profit 32 cts
+    Net loss 789,300 vs profit 3,953,822
+    Revs 11.7 mln vs 21.1 mln
+    NOTE:  Per share figures reflect five pct stock dividend
+paid December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9251" NEWID="4338">
+<DATE>12-MAR-1987 12:36:15.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0743&#31;reute
+h f BC-FN-RESULTS-HIT-BY-STR   03-12 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FN RESULTS HIT BY STRIKES, DOLLAR IN 1986</TITLE>
+<DATELINE>    BRUSSELS, March 12 - </DATELINE><BODY>Fabrique Nationale Herstal SA
+&lt;FNHB.BR> said it suffered a net loss of 2.99 billion francs
+last year after being hit by strikes, the falling dollar and
+declining oil prices.
+    An FN statement said the loss, which compared with a 6.8
+mln franc profit the previous year, included considerable
+charges for restructuring in 1986 and 1987. Without these the
+net loss would have been 1.45 billion francs, it said.
+    It added that the restructuring plan would allow the firm
+to return to long term profitability once it had been approved
+by local authorities, banks and the workforce.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9252" NEWID="4339">
+<DATE>12-MAR-1987 12:36:23.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0744&#31;reute
+d f BC-MILLIPORE-&lt;MILI>-ACQU   03-12 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILLIPORE &lt;MILI> ACQUIRES EQUITY IN PROTEIN</TITLE>
+<DATELINE>    HUNTINGTON STATION, N.Y., March 12 - </DATELINE><BODY>&lt;Protein Databases
+Inc> said Millipore Corp through its venture capital
+subsidiary, Millicorp, acquired an equity position in the
+company.
+    Protein said it and Millipore intend to establish an
+"interactive relationship."
+    No other details were disclosed about the amount of
+Millipore's investment in Protein.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9253" NEWID="4340">
+<DATE>12-MAR-1987 12:37:35.48</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0746&#31;reute
+d f BC-WILDLIFE-UNIT-PROPOSE   03-12 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILDLIFE UNIT PROPOSES ALASKA REFUGE OIL STUDY</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The National Wildlife Federation 
+rejected an Interior Department draft plan to open wilderness
+lands in Northern Alaska to oil and gas exploration.
+    The federation, the nation's largest conservation group,
+said further study was needed to assess any possible damage
+that development might have on the wildlife in the area, the
+coastal plain of the Arctic National Wildlife Refuge.
+    Jay Hair, the federation's executive vice president, called
+the Interior's research into the effects of development "so
+fundamentally flawed that it provides little or no basis on
+which to make a public policy decision."
+    Hair called the department's proposal a "reflection of a
+largely political decision," adding "we have no confidence in
+Interior to represent the broad public interest in this area."
+    Interior wants to open the 1.5 million acre coastal plain
+to oil and gas exploration, but it said only with tough 
+safeguards to protect the area's caribou and musk-oxen.
+    It said a preliminary survey showed the region could hold
+billions of barrels of oil and gas, and that its potential as
+an energy resource would never be known without exploration.
+    Interior said oil on the coastal plain could match the 10
+billion barrels found at Prudhoe Bay, just west of the plain.
+    Under existing law, Congress must agree to oil and gas
+exploration, and if it does not act, the land will remain a
+wildlife refuge protected from commercial development.
+    Hair said Interior's report failed to stress the
+probability that finding recoverable oil is only 19 pct.
+    He said Interior's study also failed to weigh oil, gas,
+fish and wildlife information the State of Alaska had gathered
+nor had the department consulted the Environmental Protection
+Agency on the possible effects of exploration.
+    The federation, in letters to Congressmen, proposed that a
+nine-member commission be set up to study all aspects of the
+issue and report back to Congress in about two years.
+    Hair said the federation was not opposed to the possible
+exploration of oil, only that Interior's study was inadquate to
+make a sound judgement.
+    Congressional observers said that at present there was
+little sentiment in Congress to open the wildlife area for
+commercial exploitation dispite increasing concern that the
+United States is becoming overly dependent on foreign oil.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9254" NEWID="4341">
+<DATE>12-MAR-1987 12:42:37.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0767&#31;reute
+r f BC-gemini-food-corp   03-12 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GEMINI FOOD CORP> SIX MTHS JANUARY 31 NET</TITLE>
+<DATELINE>    TORONTO, March 12 -
+    </DATELINE><BODY>Shr profit one ct vs loss one ct
+    Net profit 150,594 vs loss 55,352
+    Revs 19.0 mln vs 12.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9255" NEWID="4342">
+<DATE>12-MAR-1987 12:43:38.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0772&#31;reute
+d f BC-U.S.-MINERALS-&lt;USMX>   03-12 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MINERALS &lt;USMX> AMENDS REGISTRATION</TITLE>
+<DATELINE>    DENVER, March 12 - </DATELINE><BODY>U.S. Minerals Exploration Co said it
+filed an amendment to its registration statement for a proposed
+public offering of a minimum of 500,000 shares and a maximum of
+1.3 mln shares of common stock.
+    The amendment reflects an increase in the maximum number of
+shares to be offered from 800,000 to 1.3 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9256" NEWID="4343">
+<DATE>12-MAR-1987 12:45:45.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0778&#31;reute
+u f BC-MERRILL-LYNCH-&lt;MER>-F   03-12 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH &lt;MER> FIRES VASKEVITCH</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Merrill Lynch and Co Inc fired the
+head of the mergers department in its London office today,
+saying he had been unable to provide a "satisfactory
+explanation" in response to insider trading charges filed
+yesterday by the Securities and Exchange Commission.
+    Merrill had suspended the official, Nahum Vaskevitch,
+yesterday saying at the time it was "disappointed and angry" if
+the SEC charges are true.
+    Merrill Lynch's statement at midday today said the firm
+will continue to cooperatie fully with authoriteis in the U.S.
+and London investigating Vaskevitch's activities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9257" NEWID="4344">
+<DATE>12-MAR-1987 12:49:01.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0790&#31;reute
+s f BC-LINCOLN-NATIONAL-CORP   03-12 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINCOLN NATIONAL CORP &lt;LNC> VOTES DIVIDEND</TITLE>
+<DATELINE>    FORT WAYNE, IND., Marchg 12 -
+    </DATELINE><BODY>Qtly div 54 cts vs 54 cts prior qtr
+    Pay 1 May
+    Record 10 April
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9258" NEWID="4345">
+<DATE>12-MAR-1987 12:51:03.86</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0792&#31;reute
+u f BC-ST-LAWRENCE-SEAWAY-TO   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST LAWRENCE SEAWAY TO OPEN ON SCHEDULE</TITLE>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>The St Lawrence Seaway and the Welland
+Canal linking Lakes Erie and Ontario were expected to open as
+scheduled on March 31 and April 1, respectively, a St Lawrence
+Seaway official said.
+    The entire Seaway is already free of ice due to the mild
+Winter and could be open for navigation today, "but there
+doesn't seem to be enough demand from shipping companies to
+warrant an early opening," the Canadian official said.
+    Repairs are continuing at a stepped up pace on the Welland
+Canal and should be completed by the April 1 start-up date, she
+added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9259" NEWID="4346">
+<DATE>12-MAR-1987 12:54:33.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0803&#31;reute
+r f BC-LVI-GROUP-INC-&lt;LVI>-4   03-12 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LVI GROUP INC &lt;LVI> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 12 -
+    </DATELINE><BODY>Oper shr profit two cts vs loss 19 cts
+    Oper net profit 523,000 vs loss 2.2 mln
+    Revs 102.5 mln vs 39.9 mln
+    12 mths
+    Oper shr profit 11 cts vs loss 29 cts
+    Oper net profit 2.2 mln vs loss 2.9 mln
+    Revs 304.4 mln vs 50.3 mln
+    NOTE: All 1986 and last two months of 1985 include results
+of NICO Inc acquired Oct 1985.
+    Prior year excludes discontinued operations loss of 14 cts
+per share in the quarter and loss 18 cts a share in the year.
+    1986 excludes extraordinary gain of two cts per share in
+the quarter and four cts per share in the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9260" NEWID="4347">
+<DATE>12-MAR-1987 12:55:07.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0804&#31;reute
+d f BC-PROTOCOMDEVICES-&lt;PRCM   03-12 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROTOCOMDEVICES &lt;PRCM> SEES MORE PROFIT EROSION</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>ProtocomDevices Inc said it has seen
+more erosion of its general financial condition since December
+31, and is actively engaged in negotiations to secure
+additional financing. It also said it has undergone a
+restructuring of its management and is instituting further
+staff reductions.
+    It said Ramon Morales has relinquished his role as
+president and chief operating officer and assumed the position
+of executive vice president in charge of international sales.
+    It also said Rafael Collado has assumed the positions of
+president and chief operating officer in addition to his role
+as chief executive officer.
+    For the year ended January 31, 1986, the company had a net
+loss of 51,000 dlrs or 24 cts a share on revenues of 2.8 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9261" NEWID="4348">
+<DATE>12-MAR-1987 12:57:12.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0814&#31;reute
+r f BC-CENTURY-&lt;CTL>-TO-SELL   03-12 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTURY &lt;CTL> TO SELL CABLE PROPERTIES</TITLE>
+<DATELINE>    MONROE, La., March 12 - </DATELINE><BODY>Century Telephone Enterprises Inc
+said it agreed to sell its cable television properties located
+in Michigan, Tennesse, Tennesse, Florida, Arkansas and
+Louisiana.
+    Terms and the name of the purchaser were not disclosed.
+    The transaction, subject to a definitive agreement, is
+expected to be completed in the near future, it said.
+    Century said it expects to recognize a substantial gain on
+the sale. For the year ended December 31, Century reported net
+income of 17.2 mln dlrs on sales 146.0 mln dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9262" NEWID="4349">
+<DATE>12-MAR-1987 12:59:56.53</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0820&#31;reute
+u f BC-ICO-BOARD-MEETING-DEL   03-12 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO BOARD MEETING DELAYED ONE DAY</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The International Coffee Organization
+(ICO) executive board meeting scheduled for the end of this
+month has been delayed by one day and will now run from March
+31 to April 2 and not March 30 to April 1, ICO officials said.
+    On March 30, the ICO ad hoc working group will meet to
+consider management consultants Ernst &amp; Whinney's report on the
+ICO secretariat. This report was commissioned late last year to
+report on the administrative structure of the ICO.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9263" NEWID="4350">
+<DATE>12-MAR-1987 13:01:12.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0822&#31;reute
+r f BC-EMERSON-&lt;EMR>-TO-ISSU   03-12 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMERSON &lt;EMR> TO ISSUE NEW ZEALAND NOTES</TITLE>
+<DATELINE>    ST. LOUIS, March 12 - </DATELINE><BODY>Emerson Electric Co said it will
+issue about 56 mln dlrs (U.S.) 18.55 pct notes due 1989.
+    It said interest and principal are payable in either New
+Zealand or U.S. dollars.
+    The notes will be offered through an underwriting syndicate
+managed by Prudential-Bache Capital Funding at an offering
+price of 100 pct. Proceeds will be used to retire commercial
+paper and for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9264" NEWID="4351">
+<DATE>12-MAR-1987 13:03:16.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0831&#31;reute
+d f BC-PARADISE-FRUIT-CO-INC   03-12 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARADISE FRUIT CO INC &lt;PARF> YEAR NET</TITLE>
+<DATELINE>    PLANT CITY, Fla., March 12 -
+    </DATELINE><BODY>Shr 86 cts vs 99 cts
+    Net 435,610 vs 497,160
+    Sales 16.6 mln vs 17.7 mln
+    NOTE: 1986 year net penalized 13 cts shr from loss of
+investment tax credits.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9265" NEWID="4352">
+<DATE>12-MAR-1987 13:03:29.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0832&#31;reute
+d f BC-ZENITH-&lt;ZE>-SEEKS-HIG   03-12 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZENITH &lt;ZE> SEEKS HIGH COURT REVIEW ON DUMPING</TITLE>
+<DATELINE>    GLENVIEW, Ill., March 12 - </DATELINE><BODY>Zenith Electronics Corp asked
+the U.S. Supreme Court to consider its anti-dumping case
+against Japanese television manufacturers.
+    In a complex case that dates to 1974, Zenith has charged a
+group of Japanese companies with violations of U.S. antitrust
+and anti-dumping laws.
+    The U.S. electronics company today said it asked the high
+court to review a 1986 lower court ruling that dismissed both
+the antitrust and anti-dumping portions of the case.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9266" NEWID="4353">
+<DATE>12-MAR-1987 13:05:46.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0847&#31;reute
+d f BC-SAMSON-ENERGY-CO-LIMI   03-12 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAMSON ENERGY CO LIMITED PARTNERSHIP &lt;SAM> YEAR</TITLE>
+<DATELINE>    TULSA, Okla., March 12 -
+    </DATELINE><BODY>Net loss 14,144,000 vs loss 863,000
+    Revs 10.3 mln vs 16.7 mln
+    NOTES: 1986 loss includes write-down of 15.1 mln dlrs in
+the carrying value of oil and gas properties taken in the first
+quarter 
+    Cash flow from operationswas 6,237,000 dlrs, or 3.01 dlrs
+per unit, vs 9,315,000 dlrs, or 4.56 dlrs per unit
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9267" NEWID="4354">
+<DATE>12-MAR-1987 13:07:04.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0850&#31;reute
+u f BC-FRN-MARKET-SLUMPS,-FI   03-12 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRN MARKET SLUMPS, FIXED RATE EUROBOND TRADE QUIET</TITLE>
+<AUTHOR>    By Dominique Jackson, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Eurobond prices in the floating rate
+note sector slumped across the board by as much as a full point
+on some issues.
+    "Today has been irrational, irresponsible -- possibly the
+worst day in what has been a dire six months for the floater
+market," commented a senior FRN trader at a U.K. Bank.
+    Republic of Ireland FRNs were marked sharply down in
+initial trading and market nerves soon infected other
+supra-national and sovereign paper with dealers attributing the
+falls to aggressive professional shorting by a few leading U.S.
+Investment houses.
+    The FRN market has been suffering from acute contraction of
+liquidity and consequent drain of investor confidence since the
+effective collapse in the market for perpetual floating rate
+issues late last year.
+    Since then, FRN specialists noted that retail interest has
+been sparse or completely absent and the stagnant market for
+floating rate paper has become increasingly vulnerable to
+manipulation, with nerves affecting all variety of borrowers.
+    Floating rate debt of U.S. And Canadian banks came under
+pressure last month when fears resurfaced about their exposure
+to Latin American debt. Canadian banks were hard hit today.
+    Fears about the Irish economy, exacerbated by recent
+post-electoral political wrangling in Dublin, prompted a
+sell-off of Ireland paper this morning with both dollar and
+mark-denominated Irish issues tumbling by a full point or more.
+    However, FRN dealers polled by Reuters felt the Irish
+issues had been singled out -- as the U.S. And Canadian banks
+were most recently -- as the market's most vulnerable sector.
+    "A handful of professional houses are targetting the weak
+paper, shorting it aggressively and this is just starting the
+domino effect with basically sound paper also starting to roll
+with it," a senior FRN market source explained.
+    Although floating paper from better-regarded borrowers such
+as the U.K. Managed to finish the day only around 10 basis
+points down, other sovereigns like Sweden and supranationals
+like Eurofima suffered heavier losses, FRN dealers said.
+    Debt exposure fears continued to undermine U.S. And
+Canadian bank paper with one U.K. House citing a fall of 1-5/8
+point on the day on a Royal Bank of Canada issue.
+    FRN traders noted Japanese investors, initially
+enthusiastic floating rate debt buyers, had lost confidence in
+the market and speculated that a crisis meeting, such as the
+one called upon the collapse of the perpetuals, could be
+imminent.
+    "Retail clients just don't want to know about the floaters
+any more so it has degenerated to a wily pass-the-parcel among
+the professionals, all scheming to sweep the paper under the
+carpet," another senior FRN trader said.
+    "I don't know what is going to happen to the market. It
+can't go on like this," he added.
+    In the fixed-rate sector, trading was dull with the market
+still attempting to digest a heavy volume of new issues from
+earlier this week although primary market activity slowed
+somewhat today, trading and syndicate sources reported.
+    Dollar straight bonds ended the day barely changed from
+opening levels as investors failed to react on the unexpectedly
+large 4.1 pct rise in U.S. February retail sales, prefering to
+wait for tomorrow's producer price and business inventory data.
+    A 100 mln dlr deal for Norsk Hydro was launched later in
+the day and the issue was trading around its total two pct fees
+at close of grey market trade although dealers said the
+borrower's frequent appearance in the euromarkets could deter
+investors.
+    The Canadian dollar sector however saw good two-way trade
+and a continuation of recent healthy volume as the Canadian
+dollar rides high on the foreign exchanges and futures markets.
+    Dealers said the strength of the Canadian dollar, which has
+firmed especially over the last two days, has renewed end
+investors confidence in the currency.
+    A new Canadian dollar issue for Hydro Quebec was seeing
+excellent demand, sector specialists said, and the issue was
+quickly increased to a total of 150 mln dlrs from 125 mln.
+    "This kind of paper can be hard to sell and it is gratifying
+to see such a high level of interest, both European and
+domestic Canadian demand," commented one trader at a Canadian
+house.
+    Eurosterling, which has been in the limelight lately, also
+on foreign exchange and currency bullishness, slipped slightly.
+    Senior eurosterling sources noted that bond prices fell
+back today, more or less in line with losses seen on the U.K.
+Government bond market -- around 5/8 point lower at the longer
+end of the eurosterling market.
+    Dealers said overseas investors had not been buying today
+and predicted consolidation before next week's U.K. Budget. A
+55 mln stg convertible issue for confectioners Rowntree
+Mackintosh was well bid at 104-5/8 105-1/8 pct and expected to
+go well.
+    Euroyen bonds showed a firmer tone led by some professional
+short covering from Tokyo. Today's 23 billion deal for Toyota
+Motor Credit with a 4-1/2 pct coupon was deemed tight however.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9268" NEWID="4355">
+<DATE>12-MAR-1987 13:07:12.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0852&#31;reute
+d f BC-BIOMET-&lt;BMET>-3RD-QTR   03-12 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOMET &lt;BMET> 3RD QTR REVENUES RISE</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Biomet Inc said its revenues for the
+third quarter ended February 28 were up 21 pct to 14.1 mln dlrs
+from 11.7 mln dlrs and nine month revenues were up 25 pct to
+39.7 mln dlrs from 31.8 mln dlrs a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9269" NEWID="4356">
+<DATE>12-MAR-1987 13:10:17.58</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0864&#31;reute
+u f BC-/LYNG-SAYS-NO-DECISIO   03-12 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG SAYS NO DECISION ON SOVIET EEP OFFER</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said the Reagan administration had not decided on offering
+the Soviet Union subsidized wheat but that such an offer had
+not been ruled out.
+    In an interview with Reuters, Lyng also said that he had no
+knowledge of any upcoming discussion of the matter within the
+cabinet.
+    Asked if the administration had ruled out offering to
+subsidize wheat exports to the Soviet Union under the
+department's export enhancement program, Lyng said, "No. We
+haven't made a decision on it, haven't even talked about it,
+haven't even looked at it."
+    Reminded that there have been reports that Moscow would buy
+U.S. wheat if competitively priced, Lyng responded, "If they
+(the Soviets) would offer to buy some wheat, would we accept
+it? It would depend on what price they offered."
+    Lyng added that he did not think the price of U.S. wheat
+was far off the world price.
+    Asked about persistent speculation that the administration
+would offer Moscow a wheat subsidy, Lyng said, "Some people
+think they're doing it to see if they can get a little spurt in
+the market."
+    Agriculture Undersecretary Daniel Amstutz last week asked
+the Commodity Futures Trading Commission to investigate reports
+that wheat prices were being manipulated by reports that a U.S.
+wheat subsidy offer was imminent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9270" NEWID="4357">
+<DATE>12-MAR-1987 13:10:42.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0867&#31;reute
+h f BC-ACCELERATION-CORP-&lt;AC   03-12 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACCELERATION CORP &lt;ACLE> 4TH QTR</TITLE>
+<DATELINE>    DUBLIN, Ohio, March 12 -
+    </DATELINE><BODY>Shr 22 cts vs 19 cts
+    Net 1.1 mln vs 994,000
+    Year
+    Shr 83 cts vs 60 cts
+    Net 4.3 mln vs 3.1 mln
+    NOTE:1985 net includes tax loss carryforward gain of 8,000
+dlrs.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9271" NEWID="4358">
+<DATE>12-MAR-1987 13:11:24.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0869&#31;reute
+h f BC-&lt;ENERGY-OPTICS-INC>-2   03-12 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ENERGY OPTICS INC> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    LAS CRUCES, N.M., March 12 -
+    </DATELINE><BODY>Shr profit nil vs loss five cts
+    Net profit 232 vs loss 124,380
+    Revs 143,397 vs 61,901
+    1st half
+    Shr profit one ct vs loss 10 cts
+    Net profit 15,722 vs loss 264,539
+    Revs 354,843 vs 120,403
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9272" NEWID="4359">
+<DATE>12-MAR-1987 13:12:43.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0875&#31;reute
+d f BC-SYNERCOM-&lt;SYNR>-HOLDE   03-12 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNERCOM &lt;SYNR> HOLDERS OK LIABILITY LIMITATION</TITLE>
+<DATELINE>    HOUSTON, March 12 - </DATELINE><BODY>Synercom Technology Inc said
+shareholders at the annual meeting approved the limnitation of
+directors' liability in certain circumstances in accordance
+with Delaware law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9273" NEWID="4360">
+<DATE>12-MAR-1987 13:13:07.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0878&#31;reute
+r f BC-BLUE-GASS-BREEDERS-&lt;B   03-12 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLUE GASS BREEDERS &lt;BLGR> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    DENVER, March 12 - </DATELINE><BODY>Blue Grass Breeders Inc said it has
+completed the acquisition of Equine Enterprises Inc for four
+mln common shares.
+    It said it is obligated to deliver another 2,741,660 shares
+on the attainment of a certain level of shareholders' equity
+during any fiscal quarter within 12 months of closing.
+    If all the contingent shares are issued, Blue Grass said
+former owners of Equine will have a 75 pct interest in Blue
+Grass.
+    Equine is a New Mexico quarter horse breeding and racing
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9274" NEWID="4361">
+<DATE>12-MAR-1987 13:13:13.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0879&#31;reute
+h f BC-DIGIMED-CORP-2ND-QTR   03-12 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGIMED CORP 2ND QTR DEC 31 LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 12 -
+    </DATELINE><BODY>Shr loss two cts vs loss five cts
+    Net loss 17,334 vs loss 51,507
+    Sales 245,560 vs 179,839
+    Avg shrs 1,136,785 vs 1,046,785
+    Six mths
+    Shr profit four cts vs loss 17 cts
+    Net profit 47,749 vs loss 174,373
+    Sales 721,937 vs 284,809
+    Avg shrs 1,136,785 vs 1,046,785
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9275" NEWID="4362">
+<DATE>12-MAR-1987 13:14:23.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0883&#31;reute
+d f BC-ENVIROPACT-&lt;VIRO>-IN   03-12 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIROPACT &lt;VIRO> IN NASDAQ NATIONAL EXPANSION</TITLE>
+<DATELINE>    MIAMI, March 12 - </DATELINE><BODY>Enviropact Inc said its stock has been
+included for listing in the National Association of Securities
+Dealers' NASDAQ National Market System effective March 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9276" NEWID="4363">
+<DATE>12-MAR-1987 13:14:35.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0884&#31;reute
+d f BC-FLIGHT-INTERNATIONAL   03-12 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLIGHT INTERNATIONAL GROUP INC &lt;FLTI> 3RD QTR</TITLE>
+<DATELINE>    ATLANTA, March 12 - </DATELINE><BODY>periods ended January 31
+    Shr profit 22 cts vs loss 26 cts
+    Net profit 439,000 vs loss 522,000
+    Revs 5,600,000 vs 3,859,000
+    Nine mths
+    Shr profit 46 cts vs loss three cts
+    Net profit 912,000 vs loss 59,000
+    Revs 14.6 mln vs 18.3 mln
+    NOTE: Year ago revenues include 400,000 dlrs in quarter and
+2,227,000 dlrs in nine months from operations of subsidiary
+sold in April 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9277" NEWID="4364">
+<DATE>12-MAR-1987 13:15:17.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0885&#31;reute
+u f BC-NORD-EST-PLANS-400-ML   03-12 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORD EST PLANS 400 MLN FRANC BOND ISSUE</TITLE>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>Financial and industrial holding company
+Nord Est plans to make a convertible bond issue for a total of
+400 mln francs, President Gustave Rambaud said.
+    He told a news conference Nord-Est expected to receive
+approval from the Bourse supervisory body COB in the next two
+week, when terms would set according to market conditions.
+    He said the issue was meant to boost capital ahead of new
+investments.
+    Rambaud said the company would pay a 1986 dividend of 5.25
+francs, unchanged on 1985. Parent company net profit last year
+rose to 99.5 mln francs against 71.1 mln in 1985.
+    Provisional consolidated profits were lower at 185 mln
+francs compared with 200 mln in 1985, of which 120 mln, against
+147 mln, was attributable to the group. He said the lower
+profit was mainly due to losses made by steel-tube maker
+Vallourec, in which Nord Est has a 12.5 pct stake.
+    Rambaud said he forecast a 1987 parent company net profit
+before provisions of around 135 mln francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9278" NEWID="4365">
+<DATE>12-MAR-1987 13:18:30.31</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E Y
+&#22;&#22;&#1;f0897&#31;reute
+u f BC-SOLV-EX-&lt;SOLV>-SHELL   03-12 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOLV-EX &lt;SOLV> SHELL CANADA &lt;SHC> PACT COMPLETE</TITLE>
+<DATELINE>    ALBUQUERQUE, N.M., March 12 - </DATELINE><BODY>Solv-Ex Corp said it
+successfully completed its oil sands pilot testing program
+under its agreement with Shell Canada Limited &lt;SHC> and
+received a 250,000 U.S. dlr bonus payment.
+    It also said that Shell Canada exercised its option to take
+over Solv-Ex's 25 pct working interest in the construction of
+the oil facility, relieving it of its obligation to raise about
+62.5 mln Canadian dlrs for plant construction.
+    It said 30 pct of that loan was guaranteed by the
+Government of Alberta.
+    In exchange for Shell's participation, Solv-Ex said Shell
+is obligated to pay it an up-front royalty and a running
+royalty based on the operating profits of the oil sands
+facility. It said the Shell Canada 7,500 barrel per day oil
+sands project will be built on Shell's oil sand lease about 40
+miles north of Fort McMurray in the Athabasca region of
+northern Alberta.
+    Solv-Ex said the project will cost about 260 mln Canadian
+dlrs. It said that following a final feasibility study the
+plant should open in the early 1990s when oil prices are
+expected to exceed 20 U.S. dlrs per barrel.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9279" NEWID="4366">
+<DATE>12-MAR-1987 13:18:57.93</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0901&#31;reute
+r f BC-SPAIN-HAS-68-MLN-DLR   03-12 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN HAS 68 MLN DLR JANUARY PAYMENTS SURPLUS</TITLE>
+<DATELINE>    MADRID, March 12 - </DATELINE><BODY>Spain had a 68 mln dlr current account
+balance of payments surplus in January compared with a 556 mln
+deficit in December and 370 mln surplus in January last year,
+Bank of Spain figures show.
+    The trade deficit rose to 664 mln dlrs in January from 146
+mln in January 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9280" NEWID="4367">
+<DATE>12-MAR-1987 13:19:17.13</DATE>
+<TOPICS><D>crude</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0903&#31;reute
+u f BC-UNION-PACIFIC-&lt;UNP>-I   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION PACIFIC &lt;UNP> IN PARTNERSHIP WITH PDVSA</TITLE>
+<DATELINE>    NEW YORK, MARCH 12 - </DATELINE><BODY>Union Pacific Corp said it will enter
+a 50-50 partnership with Petroles de Venezuela, PDVSA, to own
+and operate Union Pacific's 160,000 barrel-per-day Corpus
+Christi, Texas, oil refinery.
+    The assests to be acquired by the partnership are valued at
+190 mln dlrs, Union Pacific said.
+    Closing is expected to take place in early April and the
+venture is to be called Champlin Refining Co.
+    The partnership will acquire the refining and distribution
+systems currently owned and operated by Champlin Petroleum, a
+wholly owned subsidiary of Union Pacific.
+    The venture will acquire the related inventories and the
+Champlin trade name, the company said.
+    PDVSA and Union Pacific will each contribute half the
+capital required by the venture and arrange a revolving credit
+facility with U.S. and foreign banks to finance inventories and
+receivables, Union Pacific said.
+    Petroles de Venezuela also signed a 25-year agreement to
+supply at least 140,000 bpd of Venezulean crude oil and naphtha
+to the refinery at market related prices.
+    Under various options the in the agreement PDVSA could
+supply another 50,000 bpd on similar terms, the company said.
+    "This will provide a stable, long-term supply to the
+refinery at competitive costs, thereby assuring the economic
+viability of the plant," a statement issued by Union Pacific
+said.
+   The statement said the agreement with PDVSA will enable the
+company to supply a steady flow of refined products to its
+customers.
+   Union Pacific said employees of the refinery would be
+transfered to the new company and would retain the same
+benefits as in the past.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9281" NEWID="4368">
+<DATE>12-MAR-1987 13:19:50.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0904&#31;reute
+r f BC-SCOTT-INSTRUMENTS-&lt;SC   03-12 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT INSTRUMENTS &lt;SCTI> TO STRESS MARKETING</TITLE>
+<DATELINE>    DENTON, Texas, March 12 - </DATELINE><BODY>Scott Instruments Corp said it
+has decided to concentrate on marketing new applications of its
+existing research.
+    It said it will realize cost savings from the reduction of
+manufacturing and marketing staff and overhead expenses.
+    The company said it will seek to license its Coretechs Vet
+3 speech recognition product to other companies and have them
+provide manufacturing, market development, distribution and
+support activities in the industrial market.
+    It said it is near completion of talks for a British
+company to distribute Vet 3 in Britain and Europe.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9282" NEWID="4369">
+<DATE>12-MAR-1987 13:21:47.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0910&#31;reute
+u f BC-PUROLATOR   03-12 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUROLATOR &lt;PCC> DIRECTOR QUITS OVER BUYOUT</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>A Purolator Courier Corp director
+resigned from the company's board, saying he plans to take
+steps to make or find an offer that tops the 265 mln dlr buyout
+deal already accepted by Purolator's board, the company said.
+    The director, Doresy Gardner, resigned in a March 10 letter
+to the Purolator board, which was included in a filing made by
+the company to the Securities and Exchange Commission.
+    Gardner noted that the terms of the merger agreement in
+which the company would bought out by a group of its managers
+and E.F. Hutton LBO Inc bar directors from taking action to
+solicit, initiate or encourage acquisition proposals.
+    "I, as a shareholder, wish to solicit, initiate or
+encourage such an offer or indication of interest, and believe,
+therefore, that I should resign as a director of the
+corporation," Gardner said in the letter.
+    "Accordingly, I hereby resign as a director of Purolator
+Courier Corp, effective immediately," he said.
+    Gardner said he believes shareholders could get a better
+deal than the buyout offer if the company would agree to be
+sold to some other entity, or if it could sell off all or part
+of its U.S. courier division.
+    On March 4, another Purolator shareholder, Rodney Shields,
+filed a class action suit on behalf of the company's
+shareholders charging the company and its board with breaching
+their fiduciary duty by failing to take steps to ensure that
+shareholders got the highest possible price in the buyout.
+    The deal would give shareholders 35 dlrs a share in cash if
+just 83 pct of Purolator's 7.6 mln shares are tendered. If more
+are tendered, they would receive 29 dlrs in cash and six dlrs
+in debentures and a warrant to buy stock in the new company in
+exchange for each share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9283" NEWID="4370">
+<DATE>12-MAR-1987 13:23:26.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0921&#31;reute
+r f BC-UNR-INDUSTRIES-INC-&lt;U   03-12 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNR INDUSTRIES INC &lt;UNRIQ> 4TH QTR NET</TITLE>
+<DATELINE>    CHICAGO, March 12 -
+    </DATELINE><BODY>Shr profit 75 cts vs profit 25 cts
+    Net profit 2,742,962 vs profit 936,333
+    Sales 74.9 mln vs 70.1 mln
+    Year
+    Shr profit 1.05 dlrs vs loss 1.07 dlrs
+    Net profit 3,868,888 vs loss 3,931,580
+    Sales 299.3 mln vs 281.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9284" NEWID="4371">
+<DATE>12-MAR-1987 13:24:46.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0927&#31;reute
+h f BC-CENTURY-TELEPHONE-&lt;CT   03-12 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTURY TELEPHONE &lt;CTL> TO SELL PROPERTIES</TITLE>
+<DATELINE>    MONROE, La., March 12 - </DATELINE><BODY>Century Telephone Enterprises Inc
+said it has accepted an offer to sell its cable television
+properties in Michigan, Tennessee, Florida, Arkansas and
+Louisiana for a "substantial" gain.
+    The company said details were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9285" NEWID="4372">
+<DATE>12-MAR-1987 13:26:52.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0932&#31;reute
+r f BC-VOLT-INFORMATION-SCIE   03-12 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLT INFORMATION SCIENCES INC &lt;VOLT> 1ST QTR</TITLE>
+<DATELINE>    NEW YORK, March 12 -
+    </DATELINE><BODY>Shr 12 cts vs seven cts
+    Net 817,000 vs 512,000
+    Revs 107.5 mln vs 99.9 mln
+    Avg 6.9 mln vs 7.2 mln
+    NOTE: 1987 net includes 2.4 mln dlr pretax gain on
+settlement, 743,000 dlrs gain on securities sale, interest
+expense net of investment income of 2.2 mln dlrs and 920,000
+dlrs in fiscal 1986. Change of European operations method
+resulted in pre-tax translation losses of 1.1 mln dlrs in 1987.
+Period ended January 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9286" NEWID="4373">
+<DATE>12-MAR-1987 13:27:33.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0934&#31;reute
+u f BC-MAGMA-&lt;MGCPV>-STOCK-T   03-12 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGMA &lt;MGCPV> STOCK TRANSFERABILITY LIMITED</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Newmont Mining Corp &lt;NEM> said Magma
+Copper Co's certificate of incorporation and by-laws have been
+restated to limit the transferability of the company's stock.
+    In an information statement on its decision to distribute
+Magma stock as a dividend, Newmont said the changes "will
+impede any change of control of Magma."
+    It said this has been done by authorizing two closses of
+common stock -- 60 mln class A shares with one vote each and
+38.1 mln class B shares with four votes each. In the dividend
+of one Magma share for each Newmont share outstanding announced
+Tuesday, Class B shares are being distributed.
+    Newmont is distributing 30,458,100 Magma shares, or 80 pct
+of the Class B common, to its shareholders.
+    It said this stock will be transferable as Class B stock
+until one entity acquires over 10 pct of the shares.
+    Any shares over 10 pct of those outstanding will
+automatically be changed by the transfer agent to Class A
+stock, Newmont said.
+    The company said there are two exceptions under the bylaws
+-- the 15 pct of Magma's stock it is retaining and the 21 pct
+which will be held by &lt;Consolidated Gold Fields PLC> as a
+result of its ownership of that portion of Newmont.
+    However, Newmont Secretary Roger Adams said, any additional
+Magma shares acquired by Newmont or Consolidated will
+automatically become Class A shares.
+    None of the authorized Class A shares is being distributed
+at this point, Newmont said.
+    The company also said five pct of Magma's stock is being
+held in trust for members of Magma's management.
+    Newmont said Magma's restated certificate of incorporation
+also limits change in control of the company by dividing the
+board into three classes serving staggered terms.
+    Newmont said the new Magma rules also provide that
+shareholder action can be taken only at shareholder meetings,
+prohibiting shareholder action by written consent, and include
+"fair price" provisions limiting combinations with any holder
+of more than 10 pct of Magma's voting power.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9287" NEWID="4374">
+<DATE>12-MAR-1987 13:28:09.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0936&#31;reute
+r f BC-PARADISE-FRUIT-&lt;PARF>   03-12 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARADISE FRUIT &lt;PARF> SETS LOWER DIVIDEND</TITLE>
+<DATELINE>    PLANT CITY, Fla., March 12 - </DATELINE><BODY>Paradise Fruit Co Inc said its
+board declared a dividend of 25 cts per share, payable March 31
+to holders of record March 19.
+    The company last paid 50 cts per share in January 1986 and
+before that paid 60 cts in January 1985.
+    Paradise said commercial bank lending agreements it entered
+into in June 1986 include retained earnings requirements that
+limit the amount of earnings available for distribution to
+shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9288" NEWID="4375">
+<DATE>12-MAR-1987 13:28:25.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0938&#31;reute
+r f BC-DIGITEXT-&lt;DIGT>-PLANS   03-12 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITEXT &lt;DIGT> PLANS UNIT OFFERING</TITLE>
+<DATELINE>    THOUSAND OAKS, Calif., March 12 - </DATELINE><BODY>Digitext Inc said it
+signed a letter of intent covering a planned 12 mln dlr unit
+offering consisting of preferred stock and warrants to purchase
+common stock.
+    The company said it expects to file a registration
+statement covering the offering with the Securities and
+Exchange Commission within the next 60 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9289" NEWID="4376">
+<DATE>12-MAR-1987 13:28:29.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0939&#31;reute
+d f BC-&lt;canada-malting-co-lt   03-12 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CANADA MALTING CO LTD> YEAR NET</TITLE>
+<DATELINE>    Toronto, March 12 -
+    </DATELINE><BODY>Oper shr 1.30 dlrs vs 1.51 dlrs
+    Oper net 4.06 mln vs 4.17 mln
+    Sales 146.3 mln vs 155.9 mln
+    Note: 1985 excludes extraordinary loss of 7.45 mln dlrs, or
+2.70 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9290" NEWID="4377">
+<DATE>12-MAR-1987 13:28:43.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0940&#31;reute
+d f BC-VARIAN-&lt;VAR>-GETS-19   03-12 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARIAN &lt;VAR> GETS 19 MLN DLR SUBCONTRACT</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 12 - </DATELINE><BODY>Varian Associates Inc said it
+received a 19 mln dlr subcontract from General Electric Co &lt;GE>
+for 36 100 kilowatt transmitters to be used in the Air Force's
+advanced AN/FPS-118 over-the-horizon backscatter radar systems.
+    Nearly 15 mln dlrs was funded immediately, Varian said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9291" NEWID="4378">
+<DATE>12-MAR-1987 13:29:29.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0941&#31;reute
+d f BC-NORTH-AMERICAN-HOLDIN   03-12 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN HOLDING CORP &lt;NAHL> 3RD QTR NET</TITLE>
+<DATELINE>    EAST HARTFORD, Conn., March 12 - </DATELINE><BODY>Dec 31 end
+    Shr profit nil vs loss four cts
+    Net profit 6,891 vs loss 590,460
+    Revs 6,518,133 vs 2,521,884
+    Avg shrs 13.1 mln vs 12.0 mln
+    Nine mths
+    Shr profit six cts vs loss seven cts
+    Net profit 772,703 vs loss 758,620
+    Revs 20.1 mln vs 7,599,017
+    Avg shrs 13.2 mln vs 10.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9292" NEWID="4379">
+<DATE>12-MAR-1987 13:30:06.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0943&#31;reute
+w f BC-MELVILLE-&lt;MES>-NAMES   03-12 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELVILLE &lt;MES> NAMES CHIEF FINANCIAL OFFICER</TITLE>
+<DATELINE>    HARRISON, N.Y., March 12 - </DATELINE><BODY>Melville Corp said it elected
+Robert Huth as executive vice president and chief financial
+officer, succeeding Kenneth Berland on April six.
+    Berland will continue as vice chairman and chief
+administrative officer.
+    Huth is a partner in the accounting firm of Peat, Marwick,
+Mitchell and Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9293" NEWID="4380">
+<DATE>12-MAR-1987 13:30:29.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0944&#31;reute
+s f BC-GENERAL-HOST-CORP-&lt;GH   03-12 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL HOST CORP &lt;GH> SETS QUARTERLY</TITLE>
+<DATELINE>    STAMFORD, Conn., March 12 -
+    </DATELINE><BODY>Qtly div six cts vs six cts prior
+    Pay April Three
+    Record March 23
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9294" NEWID="4381">
+<DATE>12-MAR-1987 13:31:17.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0946&#31;reute
+r f BC-U.S.-AUTO-OUTPUT-SAID   03-12 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AUTO OUTPUT SAID DOWN THIS WEEK</TITLE>
+<DATELINE>    DETROIT, March 12 - </DATELINE><BODY>Automobile production by U.S.
+manufacturers this week will be 2.5 pct below output for the
+same week last year, according to Automotive News.
+    The trade paper said 167,942 cars will be made in the
+United States this week, down from 172,348 during last year's
+week.
+    Production will also be below last week's level, when
+173,596 cars were made, the paper estimated.
+    Truck output this week will be 79,784 vehicles, ahead of
+the 76,059 units made during the same week last year but behind
+the 80,424 trucks made last week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9295" NEWID="4382">
+<DATE>12-MAR-1987 13:32:15.01</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0950&#31;reute
+u f BC-/U.S.-SOVIET-GRAIN-AC   03-12 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S.-SOVIET GRAIN ACCORD QUESTIONED BY LYNG</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said he was not sure a long-term U.S.-Soviet grain
+agreement would be worth extending when it expires next year.
+    "It hasn't been worth much in the last two years....They
+haven't lived up to the agreement as I see it," Lyng said in an
+interview with Reuters.
+    "It would be my thought that it's not worth any effort to
+work out an agreement with someone who wants the agreement to
+be a one-sided thing," he said.
+    However, Lyng said he did not want to make a "definitive
+commitment one way or another at this point."
+    Under the accord covering 1983-88, the Soviets agreed to
+buy at least nine mln tonnes of U.S. grain, including four mln
+tonnes each of corn and wheat.
+    Moscow bought 6.8 mln tonnes of corn and 153,000 tonnes of
+wheat during the third agreement year, which ended last
+September, and this year has bought one mln tonnes of corn.
+    Lyng said he had no knowledge of how much U.S. grain Moscow
+would buy this year.
+    "I've seen people making comments on that and I don't know
+how they know, unless they talk to the Soviets," he said. "I have
+no knowledge, and I really don't think anyone other than the
+Soviets have any knowledge."
+    Lyng said he thought the Soviets bought U.S. corn last
+month because "they needed it and because the price was right."
+    "Our corn has been pretty reasonably priced. And I think
+they've always found that our corn was good," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9296" NEWID="4383">
+<DATE>12-MAR-1987 13:33:12.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>morocco</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0957&#31;reute
+u f BC-MOROCCO-SECURES-BULK   03-12 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOROCCO SECURES BULK OF EXTRA AID SOUGHT</TITLE>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>Morocco is likely to get an extra aid
+package exceeding 100 mln Special Drawing Rights (126 mln dlrs)
+in 1987 following a three-day Consultative Group meeting of
+donors chaired by the World Bank, Moroccan Finance Minister
+Mohamed Berada said.
+    Berrada said most of the extra aid sought to complete high
+priority investments in agriculture, education, and public
+health had already been secured, and additional sums were
+likely to emerge from forthcoming bilateral meetings with
+donors.
+    A World Bank statement said the Consultative Group meeting
+attended by 15 donor countries and agencies noted with
+satisfaction a marked improvement in Morocco's economic
+performance and urged it to continue recent adjustment efforts.
+    It added that the Group saw as realistic Morocco's
+medium-term goal of restoring creditworthiness on financial
+markets, and agreed to reconvene in a year to discuss Morocco's
+five year development strategy for 1988-92, introduced in its
+broad outlines at this week's meeting.
+    Morocco reached an agreement here last week with the Paris
+Club of western creditor governments to reschedule over 10
+years the 900 mln dlrs of debt due by mid 1988. That followed
+an agreement late last year to reschedule 1.8 billion dlrs of
+commercial bank debt.
+    Morocco's foreign debt currently totals 14 billion dlrs,
+Berrada said, adding that Morocco intended to stop rescheduling
+its debts, and pay them off instead.
+    He told Reuters the forthcoming five-year development plan,
+designed to avoid the negative effects of adjustment without
+growth, could require further aid of 700 or 800 mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9297" NEWID="4384">
+<DATE>12-MAR-1987 13:34:41.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0970&#31;reute
+s f BC-GROW-GROUP-INC-&lt;GRO>   03-12 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROW GROUP INC &lt;GRO> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 12 -
+    </DATELINE><BODY>Qtly div 7-1/2 cts vs 7-1/2 cts prior
+    Pay April 30
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9298" NEWID="4385">
+<DATE>12-MAR-1987 13:35:01.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0971&#31;reute
+d f BC-DIGIMED-CORP-2ND-QTR   03-12 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGIMED CORP 2ND QTR DEC 31 LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 12 -
+    </DATELINE><BODY>Shr loss 1.5 cts vs loss five cts
+    Net loss 17,334 vs loss 51,507
+    Sales 245,560 vs 179,839
+    Six mths
+    Shr profit four cts vs loss 17 cts
+    Net profit 47,749 vs loss 174,373
+    Sales 721,937 vs 284,809
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9299" NEWID="4386">
+<DATE>12-MAR-1987 13:35:48.41</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0972&#31;reute
+r f BC-POWERINE-REFINERY-TO   03-12 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POWERINE REFINERY TO RESUME OPERATIONS</TITLE>
+<DATELINE>    SANTA FE SPRINGS, CALIF, March 12 - </DATELINE><BODY>&lt;Powerine Oil Co> said
+its refinery here will resume operation today, with initial
+crude oil runs of 20,000 barrels per day.
+    Powerine, a privately-held company, said it expects the
+refinery to become fully operational by May, with crude oil
+throughput at 35,000 bpd.
+    Initial oil products deliveries are scheduled for Monday,
+Powerine said. The refinery had been closed due to a change of
+ownership, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9300" NEWID="4387">
+<DATE>12-MAR-1987 13:41:55.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0981&#31;reute
+s f BC-TRINITY-INDUSTRIES-IN   03-12 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRINITY INDUSTRIES INC &lt;TRN> SETS QUARTERLY</TITLE>
+<DATELINE>    DALLAS, March 12 -
+    </DATELINE><BODY>Qtly div 12-1/2 cts vs 12-1/2 cts prior
+    Pay April 30
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9301" NEWID="4388">
+<DATE>12-MAR-1987 13:42:55.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0985&#31;reute
+s f BC-COASTAL-BANCORP-&lt;CSBK   03-12 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL BANCORP &lt;CSBK> SETS QUARTERLY</TITLE>
+<DATELINE>    PORTLAND, Maine, March 12 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay April 15
+    Record March 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9302" NEWID="4389">
+<DATE>12-MAR-1987 13:43:00.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0986&#31;reute
+s f BC-IDAHO-POWER-CO-&lt;IDA>   03-12 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDAHO POWER CO &lt;IDA> SETS QUARTERLY</TITLE>
+<DATELINE>    BOISE, Idaho, March 12 -
+    </DATELINE><BODY>Qtly div 45 cts vs 45 cts prior
+    Pay May 20
+    Record April 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9303" NEWID="4390">
+<DATE>12-MAR-1987 13:43:39.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0989&#31;reute
+b f BC-CORRECTION---BUDAPEST   03-12 0072</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - BUDAPEST BANK ISSUES BONDS
+    In Budapest item "BUDAPEST BANK ISSUES BONDS TO EXPAND
+RESOURCES" please read in first paragraph...."..The first of the
+Hungarian-owned commercial banks operating since January..."
+    (Inserting dropped words "Hungarian-owned" to make clear
+Hungarian commercial banks began operating in January. Joint
+venture commercial banks with western participation operated
+before January.)
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9304" NEWID="4391">
+<DATE>12-MAR-1987 13:44:20.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0990&#31;reute
+u f BC-DISTILLERS-&lt;DR>-KNOWS   03-12 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DISTILLERS &lt;DR> KNOWS NO REASON FOR STOCK MOVE</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>National Distillers and Chemical Corp
+said it was unable to explain a sharp rise in its stock.
+    National Distillers rose 3-1/8 to 63-3/4 in moderate
+trading of 84,000 shares. Texas investor Robert M. Bass
+recently filed a 13D with the Securities and Exchange
+Commission, disclosing a stake of more than five pct.
+    John Salisbury, vice president and general counsel of
+National Distillers, said there were no new developments
+concerning Bass. Salisbury also said the company continues
+efforts to sell its liquor business and several potential
+buyers have inspected the properties.
+    Robert Reitzes, analyst at Mabon, Nugent and Co, said
+National Distillers's wine and liquor business combined might
+be sold for between 600 and 700 mln dlrs. The company completed
+sale of its Almaden wine business to Heublein Inc earlier this
+week but did not disclose any figures. Heublein is owned by
+Grand Metropolitan plc.
+    Reitzes said he reiterated a buy recommendation on the
+stock yesterday, calling it the biggest commodity chemical play
+in the industry. He said recently increased polyetylene prices
+appear to be holding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9305" NEWID="4392">
+<DATE>12-MAR-1987 13:44:34.69</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0991&#31;reute
+u f BC-U.S.-SOYBEAN-MARKETIN   03-12 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SOYBEAN MARKETING LOAN NOT NEEDED - LYNG</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said a marketing loan for soybeans would serve no present
+purpose because the U.S. price is not above the world price.
+    Asked in an interview if it was time to consider a
+marketing loan for soybeans, Lyng said, "I don't think so. I
+don't think the world price is lower than our price anyway."
+    However, the USDA secretary said that if current conditions
+of surplus production persisted, it might be appropriate to
+consider a marketing loan.
+    "I suppose that under that condition there is a danger our
+exports will continue to drop and that the government will
+continue to accumulate large stocks of soybeans," he said. "It
+might be (worth contemplating a marketing loan), if there were
+a world market that was lower than our market."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9306" NEWID="4393">
+<DATE>12-MAR-1987 13:45:44.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0992&#31;reute
+r f AM-ARMS-AMERICAN-URGENT   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ISSUES VERIFICATION PROPOSALS AT ARMS TALKS</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The United States made its proposals
+for verifying adherence to a prospective treaty on medium range
+nuclear weapons and in a highly unusual move made public the
+outlines of its recommendations.
+    State Department spokesman Charles Redman told reporters
+the proposals were made to the Soviet Union at Geneva arms
+control talks today.
+    The proposals included on-site inspection that could result
+in inspectors from the two superpowers being stationed
+permanently on the territory of the other.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9307" NEWID="4394">
+<DATE>12-MAR-1987 13:45:59.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0994&#31;reute
+r f BC-NYFE-SEAT-SOLD-FOR-20   03-12 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYFE SEAT SOLD FOR 200 DLRS</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>The New York Stock Exchange said a
+seat on the New York Futures Exchange sold for 200 dlrs, which
+is unchanged from the previous sale, made yesterday.
+    The NYSE said the current bid is 200 dlrs and the current
+offer is 300 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9308" NEWID="4395">
+<DATE>12-MAR-1987 13:47:32.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0995&#31;reute
+d f BC-BRITISH-TELECOM-&lt;BTY>   03-12 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH TELECOM &lt;BTY> UNIT TO OFFER SOFTWARE</TITLE>
+<DATELINE>    ROCKVILLE, Md., March 12 - </DATELINE><BODY>British Telecommunications PLC's
+Dialcom unit said it will begin next month to sell a software
+package that allows computers made by different manufacturers
+to send and receive electronic-mail messages.
+    The software, which is based on the X.400 international
+standard recommendation, will be marketed internationally,
+Dialcom said.
+    In addition, the company said Data General Corp &lt;DGN>
+agreed to conduct engineering tests of the software in the
+United States. Data General is a strong proponent of the X.400
+standard.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9309" NEWID="4396">
+<DATE>12-MAR-1987 13:47:58.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0996&#31;reute
+d f BC-U.S.-HOUSE-DEMOCRAT,   03-12 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE DEMOCRAT, GOP BUDGET WRITERS MEET</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>In a step that could lead to a
+breakthrough in the drafting of next year's federal budget,
+Democratic and Republican members of the House Budget Committee
+met behind closed doors to explore the possibility of a
+bipartisan budget, lawmakers said.
+    No conclusions were reached on whether the two sides would
+be able to get together on a budget outline, the lawmakers
+said.
+    After the meeting broke up, panel Democrats reconvened
+behind closed doors for further talks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9310" NEWID="4397">
+<DATE>12-MAR-1987 13:49:28.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0000&#31;reute
+s f BC-UNITED-STATIONERS-INC   03-12 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED STATIONERS INC &lt;USTR> SETS DIVIDEND</TITLE>
+<DATELINE>    DES PLAINES, Ill., March 12 -
+    </DATELINE><BODY>Qtly dividend six cts vs six cts
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9311" NEWID="4398">
+<DATE>12-MAR-1987 13:49:48.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0001&#31;reute
+s f BC-LINCOLN-NATIONAL-CORP   03-12 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINCOLN NATIONAL CORP &lt;LNC> SETS QUARTERLY</TITLE>
+<DATELINE>    FORT WAYNE, Ind., March 12 -
+    </DATELINE><BODY>Qtly div 54 cts vs 54 cts prior
+    Pay May One
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9312" NEWID="4399">
+<DATE>12-MAR-1987 13:50:13.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0002&#31;reute
+s f BC-PETRIE-STORES-CORP-&lt;P   03-12 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETRIE STORES CORP &lt;PST> SETS QUARTERLY</TITLE>
+<DATELINE>    SECAUCUS, N.J., March 12 -
+    </DATELINE><BODY>Qtly div 17-1/2 cts vs 17-1/2 cts prior
+    Pay April 20
+    Record April 2.
+o
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9313" NEWID="4400">
+<DATE>12-MAR-1987 13:52:57.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>morocco</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0009&#31;reute
+d f BC-MOROCCO-SECURES-BULK   03-12 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOROCCO SECURES BULK OF EXTRA AID SOUGHT</TITLE>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>Morocco is likely to get an extra aid
+package exceeding 100 mln Special Drawing Rights (126 mln dlrs)
+in 1987 following a three-day Consultative Group meeting of
+donors chaired by the World Bank, Moroccan Finance Minister
+Mohamed Berada said.
+    Berrada said most of the extra aid sought to complete high
+priority investments in agriculture, education, and public
+health had already been secured, and additional sums were
+likely to emerge from forthcoming bilateral meetings with
+donors.
+    A World Bank statement said the Consultative Group meeting
+attended by 15 donor countries and agencies noted with
+satisfaction a marked improvement in Morocco's economic
+performance and urged it to continue recent adjustment efforts.
+    It added that the Group saw as realistic Morocco's
+medium-term goal of restoring creditworthiness on financial
+markets, and agreed to reconvene in a year to discuss Morocco's
+five year development strategy for 1988-92, introduced in its
+broad outlines at this week's meeting.
+    Morocco reached an agreement here last week with the Paris
+Club of western creditor governments to reschedule over 10
+years the 900 mln dlrs of debt due by mid 1988. That followed
+an agreement late last year to reschedule 1.8 billion dlrs of
+commercial bank debt.
+    Morocco's foreign debt currently totals 14 billion dlrs,
+Berrada said, adding that Morocco intended to stop rescheduling
+its debts, and pay them off instead.
+    He told Reuters the forthcoming five-year development plan,
+designed to avoid the negative effects of adjustment without
+growth, could require further aid of 700 or 800 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9314" NEWID="4401">
+<DATE>12-MAR-1987 13:53:06.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0010&#31;reute
+w f BC-DESOTO-&lt;DSO>-SELLS-IN   03-12 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DESOTO &lt;DSO> SELLS INDUSTRIAL CHEMICAL ASSETS</TITLE>
+<DATELINE>    DES PLAINES, ILL., March 12 - </DATELINE><BODY>DeSoto Inc said it sold the
+plant, inventory and certain other assets of some of its
+industrial chemical operations to Plastic Specialities and
+Technologies Inc, a privately-held company headquartered in
+Parsippany, New Jersey.  Terms were not disclosed.
+    Desoto's industrial chemical operations are based in Fort
+Worth, Texas, and has annual sales of about 17 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9315" NEWID="4402">
+<DATE>12-MAR-1987 13:53:42.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0012&#31;reute
+r f BC-DATA-TAPES-ERASED-IN   03-12 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA TAPES ERASED IN VW FRAUD, CHAIRMAN SAYS</TITLE>
+<DATELINE>    FRANKFURT, March 12 - </DATELINE><BODY>Volkswagen AG &lt;VOWG.F> supervisory
+board chairman Karl Gustaf Ratjen said entire data tapes had
+been erased and complete programs altered in forged
+transactions amounting to around 480 mln marks.
+    "In this case a degree of criminal energy has been brought
+into play which until now was unimaginable in a German company,"
+he said in a radio interview.
+    He could not completely rule out the possibility that
+losses would exceed 500 mln marks, but said there were
+currently no signs that they would be higher than the 480 mln
+announced on Tuesday.
+    Some 70 to 80 mln marks had probably been lost through
+disregard for internal instructions, he added, but did not
+elaborate. However, the remainder had definitely been lost
+through criminal action and forgery in 1984.
+    Ratjen said the affair would lead to consequences up to the
+board room. He would recommend that those under suspicion of
+being involved in criminal acts would have to go immediately.
+    Those who had not exercised checking functions sufficiently
+would also have to go.
+    But Volkwagen management board chairman Carl Hahn was not
+involved in the affair, he said.
+    A Volkswagen spokesman said the company had made sufficient
+provision in previous years to cover the losses from the fraud.
+Its 1986 profit would, therefore, match 1985 world group net
+profits of 595.6 mln marks.
+    Volkwagen disclosed the existence of the fraud on Tuesday,
+saying it was possible that documents about currency hedging
+had been falsified and that those responsible may have come
+from outside Volkswagen and may have been assisted by company
+staff.
+    Criminal complaints on suspicion of fraud, breach of trust
+and forgery of documents had been filed, it added.
+    The company spokesman said the supervisory board would meet
+on April 9 to examine the precise extent of the losses and to
+approve the year-end results.
+    Ratjen said it was important for Volkwagen to maintain a
+degree of "internal integrity" on account of its 200,000
+employees, particularly as shop floor elections were coming up.
+    "On the one hand one fights for every single mark of income.
+And here is a case where hundreds of millions are being just
+thrown away," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9316" NEWID="4403">
+<DATE>12-MAR-1987 13:54:00.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0014&#31;reute
+r f BC-IMF,-DEVELOPMENT-BANK   03-12 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF, DEVELOPMENT BANKS, TO ASSIST ECUADOR</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>It could be months before major
+assistance is provided for Earthquake-stricken Ecuador,
+although the International Monetary Fund and the development
+banks have already taken the first steps, monetary sources and
+U.S. officials said.
+    They said the IMF had informed the Ecuadorean government
+that it was prepared, under its emergency system, to provide
+about 50 mln dlrs, or about 25 per cent of the country's quota
+in the agency, but it is up to Ecuador to request the money.
+    At the same time, the World Bank and the Inter-American
+Development Bank have dispatched missions to the region hit by
+last Thursday's quake to determine what the country's needs are
+and how they can speed up disbursement of funds from programs
+already approved.
+    The World Bank estimates that of the over one billion dlrs
+it has approved for Ecuador in recent years, some 277 mln dlrs
+has yet to be disbursed and a portion of this could,
+potentially, be made available.
+    The bank said that the programs it has approved are for
+rural development, agriculture, water and sewerage, electrical
+power and others.
+    If the assistance that is needed can be fit into these
+general categories, the funds could be then provided for from
+expedited disbursements
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9317" NEWID="4404">
+<DATE>12-MAR-1987 13:57:22.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0024&#31;reute
+r f BC-SAFEGUARD-HEALTH-&lt;SFG   03-12 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAFEGUARD HEALTH &lt;SFGD> 4TH QTR LOSS</TITLE>
+<DATELINE>    ANAHEIM, Calif., March 12 -
+    </DATELINE><BODY>Shr loss 30 cts vs profit 12 cts
+    Net loss 2,374,000 vs profit 970,000
+    Revs 15.7 mln vs 13.4 mln
+    Year
+    Shr loss 13 cts vs profit 46 cts
+    Net loss 1,054,000 vs profit 3,425,000
+    Revs 61.8 mln vs 49.9 mln
+    Note: Full name Safeguard Health Enterprises Inc.
+    Current qtr and year figures include 2.9 mln dlr reserve
+for estimated loss from proposed divestment of one-third of
+existing 40 offices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9318" NEWID="4405">
+<DATE>12-MAR-1987 13:57:52.72</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>inro</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0027&#31;reute
+u f BC-RUBBER-TALKS-CHAIRMAN   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUBBER TALKS CHAIRMAN CITES SLIGHT PROGRESS</TITLE>
+<DATELINE>    GENEVA, March 12 - </DATELINE><BODY>There has been slight progress towards
+reaching a rubber pact, the chairman of a United Nations
+conference on a new International Natural Rubber Agreeement,
+INRA, Manaspas Xuto of Thailand, said.
+    "There has been some slight progress but it is not the end
+of the road yet," he said.
+    The conference, which began Monday, is seen as the last
+effort to adopt an accord to replace the current one which
+expires in October. Some 40 producing and consuming countries
+are taking part in the two-week meeting.
+    Xuto said if the key outstanding issues are not resolved by
+tomorrow he would hold weekend meetings.
+    At the beginning of the conference, the fourth such meeting
+in nearly two years, Xuto said it was imperative to settle
+those issues this week so that technical drafting work can be
+done next week.
+    Conference sources said it is highly unlikely that
+producers will accept a pact that will provide for any possible
+downward adjustment of the floor price, as proposed by
+consumers under certain circumstances.
+    The sources said this means that any possible adjustment
+would centre on the reference price, and the "may buy" (or "may
+sell") and "must buy" (or "must sell") levels without changing the
+"lower indicative price" (or floor price) of 150
+Malaysian/Singapore cents a kilo in the present pact.
+    The present five-day average of the indicator price is
+around 192 Malaysian/Singapore cents.
+    Consumers are seeking an adjustment of the reference price,
+set in the current accord at 201.66 Malaysian/Singapore cents a
+kilo, and of the "lower indicative price" if the buffer stock,
+currently 360,000 tonnes, rises to 450,000 tonnes.
+    Consumers want price reviews at 12-month intervals instead
+of the 18 at present, and the price revision mechanism to
+respond automatically to market trends.
+    At present, if the market price has been above or below the
+reference price for six months, the reference price is revised
+by five pct or by an amount decided by the International
+Natural Rubber Organisation council.
+    Consumers say that, in these circumstances, the adjustment
+be automatic at five pct or more.
+    Producers have resisted reducing the role of the council in
+the price adjustment procedure and have expressed concern that
+changes proposed by consumers would weaken the present pact.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9319" NEWID="4406">
+<DATE>12-MAR-1987 13:59:47.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0031&#31;reute
+r f BC-CUMMINS-&lt;CUM>RECALLS   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUMMINS &lt;CUM>RECALLS WORKERS ON SIGNS OF UPTURN</TITLE>
+<DATELINE>    COLUMBUS, Ind., March 12 - </DATELINE><BODY>Cummins Engine Co said it will
+temporarily recall about 150 production workers at its
+Columbus-area plants because it sees a moderate upturn in North
+American demand for heavy-duty truck engines.
+    The company said the recalls will begin March 30.
+    Production rates for Cummins' heavy-duty truck engines have
+increased about 10 pct over fourth-quarter levels and should
+stay at these levels through the first half of 1987, Cummins
+said.
+    The company also reported some upswing in demand for its
+components and service parts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9320" NEWID="4407">
+<DATE>12-MAR-1987 14:00:41.91</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-"BRITANNIA"-COIN-TO-S   03-12 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>"BRITANNIA" COIN TO SELL AT PREMIUM</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The new British one ounce gold coin, the
+"Britannia," will be priced on the basis of the gold price on the
+day of purchase plus a "competitive premium," Treasury officials
+said.
+    Value added tax will be levied on all purchases by members
+of the U.K. Public, as is currently the case with foreign
+coins, although transactions between members of the London Gold
+Market and all exports of the coins will be zero-rated. No
+decision has yet been taken on the face value of the coins.
+    Although a number of gold coins, especially the Canadian
+Maple, have been issued elsewhere in an attempt to take the
+place of the South African krugerrand, the British government
+still feels that there is a gap in the market for a British one
+ounce gold coin. The only British gold coin available at
+present is the sovereign, which contains 0.2354 ounces of gold.
+    Gold from South Africa or the Soviet Union will not be used
+in the coin, officials said, adding that bullion would be
+bought on the world gold market. But analysts said it would be
+difficult to ascertain the origins of such purchases.
+    No details are yet available on how many coins will be
+issued or how much gold will be bought, but traders said that
+the amounts involved would be unlikely to move the gold price.
+    There were some enquiries on the "Britannia" from coin
+dealers today, but value added tax would prove a major factor
+in the success of the coin, with the 15 pct tax likely to put
+off many investors, traders said.
+    Some said that the "Britannia" had come too late, with the
+Canadian Maple Leaf, the American Eagle and other gold coins
+already well established.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9321" NEWID="4408">
+<DATE>12-MAR-1987 14:01:28.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0035&#31;reute
+d f BC-CYTRX-&lt;CYTR>-UNIT-BUY   03-12 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYTRX &lt;CYTR> UNIT BUYS SWEDISH COMPANY</TITLE>
+<DATELINE>    ATLANTA, March 12 - </DATELINE><BODY>CytRx Corp said its 60 pct owned CytRx
+Biopool Ltd subsidiary has acquired Biopool AB of Umea, Sweden,
+for undisclosed terms.
+    It said former shareholders of Biopool AB own the remaining
+40 pct in CytRx Biopool Ltd. Biopool AB develops cardiovascular
+and fibrinolytic products for diagnostic applications.
+    The company said CytRx Biopool is studying the possible
+combination of CytRx Corp's RheothRx drug to reduce platelet
+aggregation and viscosity in blood with Biopool AB's drug t-PA
+for dissolving blood clots.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9322" NEWID="4409">
+<DATE>12-MAR-1987 14:06:10.46</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0048&#31;reute
+f f BC-CANADA-91-DAY-T-BILLS   03-12 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA 91-DAY T-BILLS AVERAGE 7.03 PCT, MAKING BANK RATE 7.28 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9323" NEWID="4410">
+<DATE>12-MAR-1987 14:08:05.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0052&#31;reute
+r f BC-NORTH-AMERICAN-&lt;NAHL>   03-12 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN &lt;NAHL> SEES RECORD FOURTH QTR</TITLE>
+<DATELINE>    EAST HARTFORD, Conn, March 12 - </DATELINE><BODY>North American Holding Corp
+said it expects to have record fourth quarter earnings and for
+sales to exceed 10 mln dlrs.
+    For the fourth quarter ended March 30, 1986 the company
+reported net income of 631,720 dlrs on sales of 5.2 mln dlrs.
+    It also said it expects revenues for the year to exceed 30
+mln dlrs. For fiscal 1986, North American reported a net loss
+of 126,900 dlrs on sales of 12.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9324" NEWID="4411">
+<DATE>12-MAR-1987 14:09:40.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0053&#31;reute
+u f BC-INTERMEDICS   03-12 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS UP INTERMEDICS &lt;ITM> STAKE TO 16.8 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>A group of investment firms told the
+Securities and Exchange Commission they raised their stake in
+Intermedics Inc to 1,721,900 shares, or 16.8 pct of the total
+outstanding, from 1,565,900 shares, or 15.2 pct.
+    Bessemer Securities Corp, a New York investment firm,
+Cilluffo Associates L.P., a New York investment partnership,
+and related entities said they bought 156,000 Intermedics
+common shares between February 24 and March 9 for 1.4 mln dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9325" NEWID="4412">
+<DATE>12-MAR-1987 14:10:00.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0054&#31;reute
+u f BC-WAL-MART-STORES-INC-&lt;   03-12 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAL-MART STORES INC &lt;WMT> RAISES QUARTERLY</TITLE>
+<DATELINE>    BENTONVILLE, Ark., March 12 -
+    </DATELINE><BODY>Qtly div six cts vs 4-1/4 cts prior
+    Pay April 10
+    Record March 23
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9326" NEWID="4413">
+<DATE>12-MAR-1987 14:10:18.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0055&#31;reute
+f f BC-******S/P-DOWNGRADES   03-12 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P DOWNGRADES FIRST INTERSTATE BANCORP'S 1.3 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9327" NEWID="4414">
+<DATE>12-MAR-1987 14:11:02.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0056&#31;reute
+d f BC-LME-CONSIDERING-CHANG   03-12 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME CONSIDERING CHANGES TO CLEARING SYSTEM</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>A proposal the London Metal Exchange,
+LME, change its new clearing system, due to start May 29, was
+made today at a meeting of LME members and International
+Commodities Clearing House, ICCH, representatives.
+    Amalgamated Metal Trading Ltd, AMT, proposed that a daily
+cash-cleared system common to all other markets should be
+adopted, rather than the system currently planned whereby
+prompt dates are settled when they mature.
+    AMT claims the margin requirements for the latter will be
+costly.
+    Opposition to the proposal came mainly from trade and
+industry representatives who, as traditional users of the
+Exchange's hedging facilities, said a cash-cleared system would
+be more costly for them.
+    LME Board Chairman Jacques Lion said any major alterations
+to the planned new clearing system would have to be referred to
+the Securities and Investment Board, SIB, and this could be
+time consuming, bearing in mind the May 29 start-up.
+    There was also a risk of the Exchange losing its greatest
+asset, its trade hedging business, he said.
+    Lion accepted a proposal that, while clearing with the ICCH
+continue as planned, details of AMT's cash clearing system be
+circulated for consideration and discussion by LME Board,
+Committee and members for possible introduction at a later
+date.
+    The LME also said that Japanese yen contracts will now be
+excluded from clearing as they are not used widely enough to
+warrant inclusion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9328" NEWID="4415">
+<DATE>12-MAR-1987 14:11:26.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0057&#31;reute
+f f BC-******S/P-AFFIRMS-W.R   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P AFFIRMS W.R. GRACE AND CO'S 575 MLN DLRS OF DEBT AFTER ITS 4TH-QTR LOSS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9329" NEWID="4416">
+<DATE>12-MAR-1987 14:12:54.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0061&#31;reute
+r f BC-HOME-SHOPPING&lt;HSN>-MA   03-12 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SHOPPING&lt;HSN> MAKES OFFER FIT EURO DEMAND</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Home Shopping Network Inc announced it
+agreed with underwriter Drexel Burnham Lambert Inc to amend its
+recent filing for an offering of 400 mln dlrs of 15-year
+convertible subordinated debentures in order to accommodate
+demand from Europe.
+    The firm said it now plans to offer 150 mln dlrs of
+convertible subordinated debentures in the Eurodollar market.
+    It will file an amended domestic registration statement for
+the Eurodollar offering and reduce the size of the domestic
+offering to 300 mln dlrs. Drexel Burnham Lambert International
+Ltd is sole underwriter for the European issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9330" NEWID="4417">
+<DATE>12-MAR-1987 14:16:37.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0070&#31;reute
+f f BC-******S/P-AFFIRMS-RES   03-12 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P AFFIRMS RESORTS INTERNATIONAL INC'S 600 MLN DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9331" NEWID="4418">
+<DATE>12-MAR-1987 14:16:54.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0071&#31;reute
+d f BC-NEW-YORK-LIFE-SETS-RE   03-12 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK LIFE SETS REAL ESTATE INVESTMENTS</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>&lt;New York Life Insurance Co> said it
+will invest up to 30 mln dlrs in properties purchased by
+&lt;NYLIFE Realty Income Partners I L.P.>, a newly formed real
+estate limited partnership.
+    The partnership is co-sponsored by New York Life's NYLIFE
+Realty Inc and a subsidiary of &lt;Linclay>, a national real
+estate firm which has developed properties in 25 cities.
+    A New York Life spokesman said the company's 30 mln dlr
+commitment, along with projected investment by the partnership,
+is expected to result in a total investment of 80 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9332" NEWID="4419">
+<DATE>12-MAR-1987 14:21:59.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0075&#31;reute
+d f BC-OPTROTECH-LTD-&lt;OPTKF>   03-12 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPTROTECH LTD &lt;OPTKF> YEAR NET</TITLE>
+<DATELINE>    BILLERICA, Mass., March 12 -
+    </DATELINE><BODY>Shr 13 cts vs 50 cts
+    Net 651,397 vs 2,602,120
+    Revs 26.4 mln vs 21.6 mln
+    NOTE: 1986 net includes gain 291,027 dlr gain from quantity
+discount rebates on purchases of materials in prior years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9333" NEWID="4420">
+<DATE>12-MAR-1987 14:22:09.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0076&#31;reute
+a f BC-NORTH-ATLANTIC-TECHNO   03-12 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH ATLANTIC TECHNOLOGIES &lt;NATT> 4TH QTR</TITLE>
+<DATELINE>    MINNEAPOLIS, March 12 -
+    </DATELINE><BODY>Shr loss 20 cts vs loss 14 cts
+    Net loss 352,000 vs loss 248,000
+    Revs 285,000 vs 681,000
+    Year
+    Shr loss 92 cts vs loss 49 cts
+    Net loss 1,613,000 vs loss 842,000
+    Revs 1,523,000 vs 2,557,000
+    NOTE: Full name is North Atlantic Technologies Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9334" NEWID="4421">
+<DATE>12-MAR-1987 14:22:16.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0077&#31;reute
+r f BC-E-SYSTEMS-&lt;ESY>-CHAIR   03-12 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E-SYSTEMS &lt;ESY> CHAIRMAN TO RETIRE</TITLE>
+<DATELINE>    DALLAS, March 12 - </DATELINE><BODY>E-Systems Inc said John W. Dixon will
+retire April 21 as chairman and chief executive officer but
+remain on the board as chairman emeritus.
+    The company said president and chief operating officer
+David R. Tacke will succeed Dixon as chairman and chief
+executive and senior vice president E. Gene Keigger will become
+president and chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9335" NEWID="4422">
+<DATE>12-MAR-1987 14:23:21.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0080&#31;reute
+d f BC-FARM-CREDIT-LOSS-PUT   03-12 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM CREDIT LOSS PUT AT 900 MLN FIRST HALF 1987</TITLE>
+<DATELINE>    WASHINGTON, MARCH 12 - </DATELINE><BODY>A member of the board which
+regulates the Farm Credit System predicted the troubled farm
+lender may lose about 900 mln dlrs in the first half of 1987,
+hastening the need for a federal rescue this year.
+    Speaking to the House subcommittee responsible for farm
+credit issues, Farm Credit Administration (FCA) board member
+Jim Billington said "My recommendation is that legislation
+(aiding the system) must be moved prior to June, 30, 1987, or
+it will be difficult to close the (farm credit system) books."
+    Billington's loss prediction is gloomier than either the
+system or its regulator had previously admitted.
+    The system itself has so far predicted losses for all of
+1987 will reach only 1.1 billion dlrs, down from 1.9 billion in
+1986 and 2.7 billion in 1985.
+    However, Billington said the system is losing in excess of
+400 mln dlrs per quarter, implying total losses for 1987 of
+more than 1.6 billion.
+    Losses of that magnitude would exhaust the 1.4 billion dlrs
+in capital surplus the system held at the end of 1986.
+    The system also has 4.2 billion dlrs in capital held by its
+member borrowers, called borrower stock, which theoretically
+could be used as capital.
+    Billington said by the end of 1987, more than 1.6 billion
+dlrs of the 4.2 billion in borrower stock would be downgraded
+in value because of the mounting losses.
+    Chairman of the FCA board, Frank Naylor, urged that
+Congress begin to consider legislation rescuing the system by
+Easter and that a bill be completed by the fall.
+    Chairman of the House subcommittee, Rep. Ed Jones,
+(D-Tenn.) said today "the time has arrived to consider
+assistance to save the system."
+    The Senate Democratic leadership indicated last month that
+it would begin drafting a bailout bill by Easter.
+    FCA board members differed on whether a direct government
+infusion of cash will be needed to rescue the system. FCA
+chairman Naylor said a federal guarantee of both borrower stock
+and system bonds held by investors might avoid the need to
+provide "hard capital" to the system.
+    However, Billington said "its not really that simple, in my
+opinion," adding that government funds may be needed to rescue
+the system.
+    Neither regulator estimated how much money might be needed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9336" NEWID="4423">
+<DATE>12-MAR-1987 14:25:36.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0086&#31;reute
+r f BC-TELETIMER-INTERNATION   03-12 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELETIMER INTERNATIONAL INC &lt;TLTM> CLOSES ISSUE</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 12 - </DATELINE><BODY>Teletimer International Inc
+said it successfully closed its new issue at the maximum
+3,500,000 dlrs.
+    Teletimer said it intends to offer a computerized
+subscription energy management service that is delivered to
+homes and businesses over cable television systems. Subscribers
+will be charged an annual subscription fee, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9337" NEWID="4424">
+<DATE>12-MAR-1987 14:29:08.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0091&#31;reute
+w f BC-THERMWOOD-&lt;THM>-TRADE   03-12 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERMWOOD &lt;THM> TRADES ON PACIFIC EXCHANGE</TITLE>
+<DATELINE>    DALE, IND., March 12 - </DATELINE><BODY>Thermwood Corp said its common stock
+has begun trading on the Pacific Stock Exchange under the
+symbol "THM."
+    In February, its stock began trading on the Boston Stock
+Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9338" NEWID="4425">
+<DATE>12-MAR-1987 14:30:38.87</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0097&#31;reute
+r f BC-MONTEDISON,-OTHER-REF   03-12 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTEDISON, OTHER REFINERIES TO SHUT FOR WORK</TITLE>
+<AUTHOR>    By JO WINTERBOTTOM, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Selm-Societa Energia Montedison is to
+close its Priolo crude refining units from March 15th to March
+28th for maintenance, a company spokesman said.
+    Throughput at the refinery is currently estimated at
+140-150,000 bpd, although total capacity is nearer 200,000 bpd.
+    Several other Mediterranean refineries are currently
+shutdown for maintenance, most of which were scheduled some
+months ago. But industry sources said that shutdowns may have
+been rearranged to avoid running negative-netback crude.
+     Tighter availabilities of products as a result of the 
+shutdowns in the Med is helping to keep products markets
+bullish, particularly for March deliveries, oil traders said.
+    Garrone's refinery at San Quirico (capacity 130,000 bpd) is
+due to shutdown on March 14th for three weeks, and the
+jointly-owned ISAB/Garrone refinery at Mellili, capacity
+220,000 bpd, is due to start up around March 20-25th following
+its closure for maintenance a month ago, a company spokesman
+said.
+    The Esso Italiana refineries at Augusta and Siracusa will
+not be closing this spring, a spokesman for the company said.
+    In France, the distillation unit at Societe Francaise de
+BP's Lavera refinery has been closed for maintenance since
+March 2, and is due to restart early April. Total capacity is
+181,900 bpd. It is currently operating at around 50 pct
+capacity, a company spokesman said.
+    Shell Francaise's Berre l'Etang refinery will shut down in
+early April until mid-June, a company spokesman said. Capacity
+is around 150,000 bpd. Compagnie Francaise de Raffinage (CFR)
+will close the visbreaker at its La Mede refinery in early
+April, but would not affect crude throughput at the refinery, a
+company spokesman said. Current capacity is 136,000 bbl/day.
+    Despite current bullish sentiment in the Med, however,
+traders noted that crude netbacks are beginning to look more
+attractive, and most maintenance shutdowns should be finished
+in two to three weeks.
+    As a result, oil industry sources suggest that the
+situation may ease by mid-April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9339" NEWID="4426">
+<DATE>12-MAR-1987 14:33:40.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0108&#31;reute
+u f BC-FIRST-INTERSTATE-&lt;I>   03-12 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST INTERSTATE &lt;I> DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded First Interstate Bancorp's 1.3 billion dlrs of debt
+because of higher levels of non-performing assets.
+    S and P also cited net charge-offs, especially in real
+estate, energy and consumer loans. However, the agency said
+First Interstate has high liquidity and is less vulnerable to
+Latin American credits than its peers.
+    Cut were the company's senior debt to AA-minus from AA and
+subordinated debt to A-plus from AA-minus. Long-term deposits
+of several of the parent's banks were reduced to AA-minus from
+AA but short-term deposit ratings were left at A-1-plus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9340" NEWID="4427">
+<DATE>12-MAR-1987 14:39:12.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0125&#31;reute
+u f BC-W.R.-GRACE-&lt;GRA>-DEBT   03-12 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>W.R. GRACE &lt;GRA> DEBT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the ratings on W.R. Grace and Co's 575 mln dlrs of
+debt following its fourth-quarter 1986 loss of 560 mln dlrs.
+    Affirmed were the company's BBB-minus senior debt, BB-plus
+subordinated debt and A-3 commercial paper.
+    S and P pointed out that the fourth-quarter loss resulted
+from the write-off of nearly 600 mln dlrs in assets, especially
+in agricultural chemicals and natural resources.
+    Because that write-off had no effect on Grace's cash, S and
+P affirmed the current ratings, noting that Grace intends to
+sell its agricultural business.
+    Proceeds from the sale of the agricultural segment could be
+used to reduce Grace's debt, Standard and Poor's said.
+    However, S and P said it is less clear whether Grace can
+also extricate itself from the project debt from its phosphate
+mining joint venture at Four Corners.
+    Despite today's rating affirmation, S and P cautioned that
+Grace has greater-than-usual vulnerability to rating change in
+the next year or two.
+    "Uncertainty abounds as to the firm's future ownership,
+management and direction," the rating agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9341" NEWID="4428">
+<DATE>12-MAR-1987 14:39:18.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0126&#31;reute
+d f BC-&lt;DESIGNS-INC>-TO-MAKE   03-12 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DESIGNS INC> TO MAKE SHARE OFFERING</TITLE>
+<DATELINE>    NEWTON, Mass., March 12 - </DATELINE><BODY>Designs Inc said it intends to
+make an initial public offering of common stock in late spring
+or early summer, depending on market conditions.
+    The company opoerates 27 retil clothing stores under the
+name "Designs, exclusively Levi Strauss and Co" along the
+Eastern Seaboard.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9342" NEWID="4429">
+<DATE>12-MAR-1987 14:39:48.33</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0128&#31;reute
+r f BC-rebel-attacks-affect   03-12 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATTACKS AFFECT COLOMBIA'S OIL OUTLOOK-ECOPETROL</TITLE>
+<DATELINE>    BOGOTA, March 12 - </DATELINE><BODY>Continuous rebel raids against oil
+pipelines and foreign exploration camps endanger Colombia's
+present oil bonanza, Franciso Chona, manager of the state-run
+oil company Ecopetrol said.
+    "It seems the subversion wants to end with our oil bonanza,"
+he told reporters.
+    He was speaking after a meeting with Defense Minister
+Rafael Samudio, military chiefs and Mines and Energy Minister
+Guillermo Perry to review the security situation in the light
+of a recent upsurge of leftist guerrilla attacks in the
+oil-rich Arauca region, bordering Venezuela.
+    Ecopetrol chief of security, Retired General Carlos
+Narvaez, said security measures would be stricter and that the
+armed forces were closely collaborating but gave no details.
+    Samudio said new plans had been designed and hoped they
+would be effective. Samudio stressed that, despite the most
+recent attacks, which cost more than four mln dlrs in damage,
+the overall situation had improved compared with last December
+when initial measures were taken to combat a wave of attacks.
+    Repeated bombings of a vital pipeline from the Cano Limon
+oilfield to the Caribbean then led to a loss of 51,000 barrels
+of crude.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9343" NEWID="4430">
+<DATE>12-MAR-1987 14:42:43.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0135&#31;reute
+u f BC-RESORTS-INTL-&lt;RT.A>-D   03-12 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESORTS INTL &lt;RT.A> DEBT RATINGS AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the ratings on 600 mln dlrs of debt of Resorts
+International Inc and Resorts International Financing Inc.
+    Developer Donald Trump has agreed to pay 101 mln dlrs for
+all of Resorts International's class B shares, representing 93
+pct voting control, S and P noted. Trump said he would not
+tender for the 5.7 mln shares of publicly held class A stock.
+    The agreement is subject to approval by the New Jersey
+Casino Control Commission. S and P pointed out that Resorts'
+aggressive debt leverage is offset by the firm's extensive real
+estate holdings in Atlantic City, N.J.
+    Affirmed were the B-minus subordinated debt of Resorts
+International and its financing unit.
+    Standard and Poor's noted that Resorts International
+remains highly leveraged, with significant near-term financing
+requirements for the completion of its new casino/hotel in
+Atlantic City, the Taj Mahal.
+    While operations are profitable, the interest burden of
+debt, along with unusual charges, net of gains, led to a 30.6
+mln dlr net loss in 1986, S and P pointed out.
+    Longer-term, Resorts is expected to benefit from a
+strengthened competitive position, S and P added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9344" NEWID="4431">
+<DATE>12-MAR-1987 14:43:30.73</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0137&#31;reute
+b f BC-/PERU'S-CENTROMIN-SAY   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU'S CENTROMIN SAYS NO COPPER FORCE MAJEURE</TITLE>
+<DATELINE>    LIMA, March 12 - </DATELINE><BODY>Peru's biggest state mining firm,
+Centromin SA, said today there was no immediate force majeure
+possibility on its copper shipments after guerrillas blew up a
+railway line, interrupting train traffic from the Cobriza
+copper mine to the Pacific coast.
+    A Centromin spokesman said the managers of the mine at
+Cobriza could always ship the the mineral by road to the coast
+for export if the train line continued interrupted. Cobriza
+produced the equivalent of around 40,600 fine tonnes of copper
+last year.
+    Maoist guerrillas using dynamite interrupted train traffic
+two days ago when they blew up railway tracks and derailed a
+train laden with minerals 225 km (135 miles) east of Lima at
+Chacapalca, between the coast and Cobriza.
+    An official at Minero Peru Comercial, Minpeco, Peru's state
+minerals marketing firm, confirmed there had been no
+declaration of force majeure on the shipments from Cobriza.
+    Officials at National Train Company, Enafer, headquarters
+in Lima, the Peruvian capital, declined to comment on when
+train traffic would be restored to Cobriza.
+    But an Enafer official, reached by telephone in the central
+Andean city of Huancayo, near Chacapalca, said traffic could be
+restored by Saturday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9345" NEWID="4432">
+<DATE>12-MAR-1987 14:43:40.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0138&#31;reute
+u f BC-BALDRIGE-WILL-NOT-OBJ   03-12 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE WILL NOT OBJECT TO COMPUTERS FOR IRAN</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+said he would not object to the sale of computers to Iran
+because the technology was that of U.S.-designed personal
+computers developed ten years ago.
+    "We have no reason not to ship it," Baldrige told reporters
+after a Senate Banking Committee hearing on export controls.
+    Baldrige said the Defense Department's objection that the
+computers would be used in newspaper production was not a
+reason to bar the granting of an export license. "This is not a
+reason for denying it on foreign policy grounds," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9346" NEWID="4433">
+<DATE>12-MAR-1987 14:43:48.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0139&#31;reute
+b f BC-******PARKER-DRILLING   03-12 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PARKER DRILLING SUSPENDS QUARTERLY DIVIDEND
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9347" NEWID="4434">
+<DATE>12-MAR-1987 14:47:05.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0147&#31;reute
+f f BC-******FIRST-GRANITE-B   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST GRANITE BANCORP INC AGREES TO BE ACQUIRED BY MAGNA GROUP INC FOR STOCK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9348" NEWID="4435">
+<DATE>12-MAR-1987 14:48:53.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0153&#31;reute
+d f BC-DIASONIWS-&lt;DNC>-SAYS   03-12 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIASONIWS &lt;DNC> SAYS IMAGING SYSTEM APPROVED</TITLE>
+<DATELINE>    SOUTH SAN FRANCISCO, March 12 - </DATELINE><BODY>Diasonics Inc said the U.S.
+Food and Drug Administration has given premarket approval to
+&lt;Instrumentarium Corp> of Finland's ULF magnetic resonance
+imaging system.
+    Diasonics already distributes the system in several
+countries and will distribute it in the U.S. as well.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9349" NEWID="4436">
+<DATE>12-MAR-1987 14:50:04.04</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0161&#31;reute
+r f BC-ARGENTINE-VEGETABLE-O   03-12 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE VEGETABLE OILS SHIPMENTS IN JAN/NOV 1986</TITLE>
+<DATELINE>    BUENOS AIRES, Mar 12 - </DATELINE><BODY>Argentine Vegetable oils shipments
+during January/November 1986 totalled 1,693,951 tonnes, against
+1,469,208 tonnes in the same 1985 period, the Argentine grain
+board said.
+    The breakdown was: cotton 4,000 (27,900), sunflower 929,847
+(816,727), linseed 113,827 (132,954), groundnutseed 26,248
+(25,508), soybean 603,335 (448,344), tung 8,402 (10,633), olive
+2,234 (3,465), maize 6,058 (3,677), rapeseed nil (nil), grape
+nil (nil), the board added.
+    Shipments during November 1986 amounted to 138,257 tonnes,
+against 109,250 tonnes in the same month of 1985.
+    The breakdwon was, in tonnes, cotton nil (nil), sunflower
+27,715 (43,064), linseed 5,228 (4,473), groundnutseed 819
+(3,647), soybean 104,314 (56,901), tung 20 (nil), olive 161
+(858), maize nil (307), rapeseed nil (nil), grape nil (nil),
+the board said.
+    The ten principal destinations during January/November
+1986, with comparative figures for the same 1985 period in
+brackets, were, in tonnes:
+    Holland 201,660 (204,391), Iran 182,042 (181,228), Soviet
+Union 163,150 (266,389),Egypt 158,119 (159,350), Algeria
+116,330 (11,492), Brazil 101,116 (59,430) , South Africa 94,700
+(101,062) , Cuba 89,957 (98,740) , United States 80,109 (nil),
+India 67,182 (17,403), the board added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9350" NEWID="4437">
+<DATE>12-MAR-1987 14:50:17.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0163&#31;reute
+r f BC-PARKER-DRILLING-&lt;PKD>   03-12 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARKER DRILLING &lt;PKD> SUSPENDS PAYOUT</TITLE>
+<DATELINE>    TULSA, Okla., March 12 - </DATELINE><BODY>Parker Drilling Co said its board
+of directors voted to suspend the payment of dividends to
+shareholders.
+    Parker Drilling said it has been paying a quarterly
+dividend of one ct a share of common stock.
+    The company said it expects to save 1.3 mln dlrs a year
+through the dividend suspension.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9351" NEWID="4438">
+<DATE>12-MAR-1987 14:50:31.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0165&#31;reute
+r f BC-EQK-REALTY-INVESTORS   03-12 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQK REALTY INVESTORS &lt;EKR> 4TH QTR NET</TITLE>
+<DATELINE>    BALA CYNWYD, Pa., March 12 -
+    </DATELINE><BODY>Shr nine cts vs 22 cts
+    Net 700,000 vs 2,200,000
+    Revs 5,400,000 vs 5,700,000
+    Avg shrs 7,589,344 vs 10.1 mln
+    12 mths
+    Shr 43 cts
+    Net 3,500,000
+    Revs 21.6 mln
+    NOTE: 12 mth figures not available for 1985 since company
+started operations March 31, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9352" NEWID="4439">
+<DATE>12-MAR-1987 14:50:34.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0166&#31;reute
+s f BC-MASCO-CORP-&lt;MAS>-REGU   03-12 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MASCO CORP &lt;MAS> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    TAYLOR, MICH., March 12 -
+    </DATELINE><BODY>Qtly div nine cts vs nine cts previously
+    Pay May 11
+    Record April 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9353" NEWID="4440">
+<DATE>12-MAR-1987 14:50:39.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0167&#31;reute
+s f BC-EQK-REALTY-INVESTORS   03-12 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQK REALTY INVESTORS I &lt;EKR> SETS PAYOUT</TITLE>
+<DATELINE>    BALA CYNWYD, Pa., March 12 -
+    </DATELINE><BODY>Qtrly div 41.5 cts vs 41.5 cts prior
+    Pay July 29
+    Record June 15
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9354" NEWID="4441">
+<DATE>12-MAR-1987 14:53:04.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0169&#31;reute
+u f BC-U.S.-FARM-CREDIT-LOSS   03-12 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM CREDIT LOSS PUT AT 900 MLN IN 1ST HALF</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>A member of the board which
+regulates the Farm Credit System predicted the troubled farm
+lender may lose about 900 mln dlrs in the first half of 1987,
+hastening the need for a federal rescue this year.
+    Speaking to the House subcommittee responsible for farm
+credit issues, Farm Credit Administration (FCA) board member
+Jim Billington said "My recommendation is that legislation
+(aiding the system) must be moved prior to June, 30, 1987, or
+it will be difficult to close the (farm credit system) books."
+    Billington's loss prediction is gloomier than either the
+system or its regulator had previously admitted.
+    The system itself has so far predicted losses for all of
+1987 will reach only 1.1 billion dlrs, down from 1.9 billion in
+1986 and 2.7 billion in 1985.
+    However, Billington said the system is losing in excess of
+400 mln dlrs per quarter, implying total losses for 1987 of
+more than 1.6 billion.
+    Losses of that magnitude would exhaust the 1.4 billion dlrs
+in capital surplus the system held at the end of 1986.
+    The system also has 4.2 billion dlrs in capital held by its
+member borrowers, called borrower stock, which theoretically
+could be used as capital.
+    Billington said by the end of 1987, more than 1.6 billion
+dlrs of the 4.2 billion in borrower stock would be downgraded
+in value because of the mounting losses.
+    Chairman of the FCA board, Frank Naylor, urged that
+Congress begin to consider legislation rescuing the system by
+Easter and that a bill be completed by the fall.
+    Chairman of the House subcommittee, Rep. Ed Jones,
+(D-Tenn.) said today "the time has arrived to consider
+assistance to save the system."
+    The Senate Democratic leadership indicated last month that
+it would begin drafting a bailout bill by Easter.
+    FCA board members differed on whether a direct government
+infusion of cash will be needed to rescue the system.
+    FCA chairman Naylor said a federal guarantee of both
+borrower stock and system bonds held by investors might avoid
+the need to provide "hard capital" to the system.
+    However, Billington said "its not really that simple, in my
+opinion," adding that government funds may be needed to rescue
+the system.
+    Neither regulator estimated how much money might be needed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9355" NEWID="4442">
+<DATE>12-MAR-1987 14:57:54.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0177&#31;reute
+u f BC-AMERICAN-CYANAMID-TO   03-12 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CYANAMID TO SET UP PLANT IN DUNKIRK</TITLE>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>&lt;American Cyanamid Corp> is to set up a
+herbicide production plant in the recently-created Dunkirk
+enterprise zone, an official for the Dunkirk port authority
+said.
+    He told Reuters the announcement was made by Industry
+Minister Alain Madelin during a visit to the zone today. The
+plans involve investment of around 70 mln francs.
+    The enterprise zones, created on the sites of naval
+shipyards closed down last year and which also include zones at
+La Ciotat and La Seyne, provide for exemption from corporate
+taxes for 10 years and other incentives.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9356" NEWID="4443">
+<DATE>12-MAR-1987 14:58:35.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0178&#31;reute
+r f BC-macmillan-bloedel   03-12 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACMILLAN BLOEDEL &lt;MMBLF> STOCK UP SHARPLY</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 12 - </DATELINE><BODY>MacMillan Bloedel
+Ltd's share price rose 4-1/2 dlrs to 79-1/4 after climbing by
+as much as 5-1/4 dlrs in trading earlier on the Toronto Stock
+Exchange.
+    Company officials were not immediately available to comment
+on the steep gain.
+    Forestry analyst Rick Sales at Vancouver, British
+Columbia-based Odlum Brown Ltd said the strength partly
+reflected the buoyant forest products industry, the company's
+proposed three-for-one stock split and strong 1987 earnings
+prospects.
+    He predicted MacMillan Bloedel would earn eight dlrs a
+share this year. The company's 1986 net profit after a 1.45 dlr
+extraordinary gain rose to 4.66 dlrs a share from 54 cts a
+share in 1985 due to lower costs and stronger markets.
+    Sales added that investors might also be expecting "a major
+dividend increase." The company paid 75 cts a share in regular
+common stock dividends last year.
+    MacMillan Bloedel's 49 pct-owner &lt;Noranda Inc> "needs cash
+and they do have people on (MacMillan's) board of directors,"
+said Sales.
+    Noranda said earlier this week it planned a public share
+offer in its Noranda Forest Inc unit, which holds Noranda's
+stake in MacMillan Bloedel.
+    Sales discounted previous speculation that Noranda might
+try to sell its stake in MacMillan.
+    Noranda would rather probably like to raise its stake,
+Sales said, although he added such a move could meet opposition
+from the British Columbia government, which limited
+Toronto-based Noranda to a minority stake in its 1981 takeover
+bid for MacMillan Bloedel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9357" NEWID="4444">
+<DATE>12-MAR-1987 14:59:06.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>usa</D><D>argentina</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0179&#31;reute
+u f BC-FRENCH-PRODUCERS-SAY   03-12 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FARMERS SAY U.S. SUBSIDISES MORE THAN EC</TITLE>
+<DATELINE>    PARIS, March 12 - </DATELINE><BODY>The United States subsidises its
+agricultural industry much more than the European Community,
+according to an internal USDA report, Marcel Cazale, President
+of the French Maize Producers' Association (AGPM), said.
+    He told reporters that according to what he described as a
+"confidential" report prepared by the USDA which he had seen, the
+US took the leading place regarding agricultural subsidies,
+ahead of the EC.
+    Cazale said according to the report, Argentina and
+Australia were the only countries not to subsidise their
+agriculture at all, or only by a small amount.
+    Cazale said in Argentina subsidies were granted for
+exports, but for a very small amount, while in Australia
+subsidies were also only for exports, amounting to 15 to 30
+pct.
+    But Cazale said Australian agriculture received disguised
+aid to the extent that fuel and fertilisers benefited from tax
+reductions, and transport, electricity and telephones in the
+sector had special tariffs. He did not elaborate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9358" NEWID="4445">
+<DATE>12-MAR-1987 14:59:26.82</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0181&#31;reute
+f f BC-SUN-RAISES-CRUDE-POST   03-12 0012</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SUN RAISES CRUDE POSTINGS 50 CTS, EFFECTIVE TODAY, WTI TO 17.50
+dlrs/bbl
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9359" NEWID="4446">
+<DATE>12-MAR-1987 14:59:56.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0183&#31;reute
+s f BC-IPCO-CORP-&lt;IHS>-SETS   03-12 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IPCO CORP &lt;IHS> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., March 12 -
+    </DATELINE><BODY>Qtrly div nine cts vs nine cts prior
+    Pay May 1
+    Record April 9
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9360" NEWID="4447">
+<DATE>12-MAR-1987 15:00:28.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0185&#31;reute
+u f BC-FIRST-GRANITE-&lt;FGBI>   03-12 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST GRANITE &lt;FGBI> AGREES TO BE ACQUIRED</TITLE>
+<DATELINE>    GRANITE CITY, ILL., March 12 - </DATELINE><BODY>First Granite Bancorp Inc
+said it agreed in principle to become a wholly owned subsidiary
+of Magna Group Inc &lt;MAGI>.
+    Under terms of the agreement, First Granite shareholders
+will receive 2.175 shares of Magna for each First Granite share
+held. First Granite shareholders will be asked to approve the
+tranaction in late summer.
+    First Granite, which has 675,000 shares outstanding, as of
+Dec 31, 1986 had assets of 186.5 mln dlrs. It owns First
+Granite City National Bank and Colonial Bank of Granite City,
+Ill.
+    Magna Groups as of Dec 31, 1986 had assets of 1.47 billion
+dlrs. It owns 13 banks, a data services company, a mortgage
+company and a trust company, serving St. Louis as well as
+Springfield, Centralia and Decatur, Ill.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9361" NEWID="4448">
+<DATE>12-MAR-1987 15:01:22.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0187&#31;reute
+r f BC-SHAREDATA-&lt;SDIC>-TO-G   03-12 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAREDATA &lt;SDIC> TO GET FINANCING</TITLE>
+<DATELINE>    CHANDLER, Ariz., March 12 - </DATELINE><BODY>Sharedata Inc said it signed a
+letter of intent with an investment banking firm for financing
+up to 2,500,000 dlrs.
+    In return, the investment banking firm will be entitled to
+name a member of Sharedata's board of directors, the company
+said. It added it must seek the authority of its shareholders
+for a one-for-four reverse split of its common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9362" NEWID="4449">
+<DATE>12-MAR-1987 15:06:47.23</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM A
+&#22;&#22;&#1;f0201&#31;reute
+f f BC-cibc   03-12 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADIAN IMPERIAL BANK OF COMMERCE CUTS PRIME RATE TO 8.75 PCT FROM 9.25 - TOMORROW
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9363" NEWID="4450">
+<DATE>12-MAR-1987 15:08:50.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0205&#31;reute
+r f BC-PROPOSED-OFFERINGS   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Caterpillar Financial Services Corp, subsidiary of
+Caterpillar Inc &lt;CAT> - Shelf offering of up to 300 mln dlrs of
+debt securities, including debentures and notes, through
+underwriters that may include Goldman, Sachs and Co.
+    PacifiCorp &lt;PPW> - Shelf offering of up to six mln shares
+of no par serial preferred stock with a total liquidation
+preference of 150 mln dlrs.
+    Hadson Corp &lt;HADS> - Offering of 3.75 mln shares of common
+stock through Shearson Lehman Brothers Inc and PaineWebber Inc.
+    Hydrogen Power Inc - Initial public offering of three mln
+shares of Class B common stock, with a minimum of two mln
+shares at five dlrs each needed to be sold.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9364" NEWID="4451">
+<DATE>12-MAR-1987 15:10:01.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0210&#31;reute
+h f BC-THERMWOOD-CORP-&lt;THM>   03-12 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERMWOOD CORP &lt;THM> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    DALE, IND., March 12 -
+    </DATELINE><BODY>Shr three cts vs three cts
+    Net 165,798 vs 143,872
+    Sales 1,787,561 vs 1,072,686
+    Six mths
+    Shr four cts vs four cts
+    Net 175,928 vs 191,310
+    Sales 3,137,695 vs 2,723,557
+    Avg shrs 4,862,046 vs 4,722,150
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9365" NEWID="4452">
+<DATE>12-MAR-1987 15:10:16.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0212&#31;reute
+d f BC-PERINI-INVESTMENT-PRO   03-12 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERINI INVESTMENT PROPERTIES &lt;PNV> RAISES PAYOUT</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., March 12 -
+    </DATELINE><BODY>Qtly div 15 cts vs 12 cts in prior qtr
+    Payable June 25
+    Record May 28
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9366" NEWID="4453">
+<DATE>12-MAR-1987 15:11:44.63</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0217&#31;reute
+u f BC-SUN-&lt;SUN>-RAISES-CRUD   03-12 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN &lt;SUN> RAISES CRUDE POSTINGS 50 CTS</TITLE>
+<DATELINE>    New York, March 12 - </DATELINE><BODY>Sun Co said it raised the contract
+price it will pay for crude oil 50 cts a barrel, effective
+today.
+    The increase brings Sun's posted price for the West Texas
+Intermediate and West Texas Sour grades to 17.50 dlrs/bbl. The
+Light Louisiana Sweet grade was also raised 50 cts to 17.85
+dlrs/bbl.
+    Sun Co last changed its crude postings on March 4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9367" NEWID="4454">
+<DATE>12-MAR-1987 15:16:52.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0235&#31;reute
+r f BC-PETROLEUM-AND-RESOURC   03-12 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETROLEUM AND RESOURCES CORP &lt;PEO> DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 12 -
+    </DATELINE><BODY>Interim income dividend 20 cts. Last paid 1.14 dlrs
+February 27, including capital gains of 50 cts.
+    Pyable April 20
+    Record April eight
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9368" NEWID="4455">
+<DATE>12-MAR-1987 15:17:34.85</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0239&#31;reute
+f f BC-******royal-bank-of-c   03-12 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROYAL BANK OF CANADA LOWERS PRIME RATE TO 8-3/4 PCT, DOWN 1/2
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9369" NEWID="4456">
+<DATE>12-MAR-1987 15:18:08.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0242&#31;reute
+d f BC-U.K.-GOVERNMENT-ISSUE   03-12 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. GOVERNMENT ISSUES INSIDER DEALING SUMMONS</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>The Department of Trade and Industry,
+DTI, has issued insider dealing charges against a former
+employee of British and Commonwealth Shipping Co Plc &lt;BCOM.L>,
+a DTI statement said.
+    DTI is charging Ronald Richard Jenkins, until recently
+employed by British and Commonwealth's subsidiary Cayzer Irvine
+and Co Ltd. He is to appear April 27 in a London court.
+    The summons is the second insider dealing prosecution
+launched by the government under recent legislation.
+    The charges allege two insider dealing offences in
+securities of B and C and &lt;Steel Brothers Holdings Plc>.
+    A DTI spokesman said plans to prosecute follow a probe into
+the matter since mid-December by a lawyer and a London Stock
+Exchange official who were officially appointed by the DTI as
+inspectors.
+    In November, B and C said an unnamed employee had resigned
+after he was discovered buying shares in Steel Brothers just
+before B and C announced an agreed bid for the 55 pct of Steel
+which it did not already own.
+    The attempted trade, which was subsequently cancelled,
+covered 2,500 Steel shares purchase at 595p compared with a bid
+price at 630p.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9370" NEWID="4457">
+<DATE>12-MAR-1987 15:20:49.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0259&#31;reute
+d f BC-NEW-LINE-CINEMA-CORP   03-12 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW LINE CINEMA CORP &lt;NLN> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 12 -
+    </DATELINE><BODY>Shr 11 cts vs nine cts
+    Net 677,498 vs 461,485
+    Revs 6,271,010 vs 5,135,729
+    Year
+    Shr 81 cts vs 20 cts
+    Net 4,406,065 vs 973,967
+    Revs 26.5 mln vs 14.1 mln
+    Avg shrs 5,457,339 vs 4,978,965
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9371" NEWID="4458">
+<DATE>12-MAR-1987 15:21:29.90</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f0263&#31;reute
+u f BC-OTTAWA-SEEKS-EXPLANAT   03-12 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OTTAWA SEEKS EXPLANATION OF CREDIT CARD RATES</TITLE>
+<DATELINE>    OTTAWA, March 12 - </DATELINE><BODY>Minister of State for Finance Tom Hockin
+said he has asked the Canadian Bankers Association, an industry
+lobby group, for an explanation of the level of credit card
+interest rates.
+    Hockin said he hopes to here the association's response on
+the "important" issue soon. Hockin was responding to questions
+in the House of Commons about why credit card rates, which run
+as high as 28 pct per year, remain high when other rates are
+falling.
+    Today, the Canadian bank rate fell to 7.28 pct from 7.54
+pct last week and the Canadian Imperial Bank of Commerce cut
+its prime rate, effective tomorrow, to 8.75 pct from 9.25 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9372" NEWID="4459">
+<DATE>12-MAR-1987 15:21:47.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0266&#31;reute
+s f BC-IPCO-CORP-&lt;IHS>-REGUL   03-12 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IPCO CORP &lt;IHS> REGULAR DIVIDEND</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., March 12 -
+    </DATELINE><BODY>Qtly div nine cts vs nine cts in prior qtr
+    Payable May one
+    Record Apreil nine
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9373" NEWID="4460">
+<DATE>12-MAR-1987 15:23:09.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0272&#31;reute
+b f BC-asamera   03-12 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ASAMERA INC YEAR OPER SHR LOSS 48 CTS VS PROFIT 50 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9374" NEWID="4461">
+<DATE>12-MAR-1987 15:23:48.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0274&#31;reute
+u f AM-PAINEWEBBER-&lt;PWJ>-BRO   03-12 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAINEWEBBER &lt;PWJ> BROKER INDICTED IN SCHEME</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>A former broker at PaineWebber Inc was
+charged by a federal grand jury with involvement in a 700,000
+dlr money-laundering scheme, according to indictment papers.
+    Gary Eder, 41, a former vice-president at PaineWebber, was
+charged with conspiracy and falsifying brokerage records in the
+two-count indictment.
+    According to the indictment, Eder produced more brokerage
+commissions than any other broker at PaineWebber, and was its
+most highly-paid broker between 1982-86.
+    Eder is charged with conspiring with unnamed supervisors at
+PaineWebber to prevent the filing of Currency Transaction
+Reports with the Internal Revenue Service. Federal law requires
+that reports be filed with the IRS for any single cash
+transaction in one day of more than 10,000 dlrs.
+    Asked about the charges, a Painewebber spokeswoman said the
+company had not seen the indictment and had no comment. She
+said Eder was suspended January 22 and resigned from the firm
+on february 17.
+    David Spears, the federal prosecutor in charge of the case,
+said Eder received cash from individual customers in amounts
+ranging up to 70,000 dlrs at a time but avoided filing reports
+by depositing the cash into the customers' accounts in amounts
+just under 10,000 dlrs on several different days.
+    If convicted, Eder could receive a maximum jail term of ten
+years and 260,000 dlrs in fines.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9375" NEWID="4462">
+<DATE>12-MAR-1987 15:25:21.19</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0280&#31;reute
+b f BC-******DIAMOND-SHAMROC   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DIAMOND SHAMROCK RAISED CRUDE BY 50 CTS/BBL TODAY. WTI UP TO 17.50 DLRS.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9376" NEWID="4463">
+<DATE>12-MAR-1987 15:27:50.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0294&#31;reute
+f f BC-******WHITE-HOUSE-ASK   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE ASKS CONGRESS TO REFLECT COST OF U.S. LOAN SUBSIDIES IN BUDGET
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9377" NEWID="4464">
+<DATE>12-MAR-1987 15:28:28.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0295&#31;reute
+r f BC-ESSEX-CHEMICAL-&lt;ESX>   03-12 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSEX CHEMICAL &lt;ESX> TO SELL CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Essex Chemical Corp said it filed with
+the Securities and Exchange Commission a registration statement
+covering a 60 mln dlr issue of convertivble subordinated
+debentures due 2012.
+    Proceeds will be used to redeem the company's outstanding
+11-3/8 pct subordinated debentures due 1998 and repay all long
+and short-term notes payable to banks, as well as for working
+capital, Essex Chemical said.
+    The company named Thomson McKinnon Securities Inc as lead
+manager and PaineWebber Inc as co-manager of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9378" NEWID="4465">
+<DATE>12-MAR-1987 15:28:45.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0297&#31;reute
+u f BC-ALLEGHNEY-INTERNATION   03-12 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHNEY INTERNATIONAL &lt;AG> FACES ADDED COUNT</TITLE>
+<DATELINE>    PITTSBURGH, March 12 - </DATELINE><BODY>Alleghney International Inc said the
+plaintiffs in the existing lawsuits opposing its sale requested
+an amendment to their complaint to include a class action
+count.
+    Alleghney said the suit, filed in the U.S. District Court
+for the Western District of Pennsylvania, was aimed at blocking
+the sale of Alleghney to an affiliate of First Boston Inc.
+    Allegheney said the additional count sought by the
+plaintiffs alleges the price to be offered for AI's common
+stock, 24.60 dlrs, is grossly unfair and one the purposes of
+the proposed sale is to absolve the individual defendants of
+liability in the lawsuit.
+     The additional count among other forms of relief, requests
+an injunction against the defendants from taking any steps to
+accomplish the proposed sale, Alleghney said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9379" NEWID="4466">
+<DATE>12-MAR-1987 15:29:51.14</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0302&#31;reute
+f f BC-******PHILLIPS-RAISES   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PHILLIPS RAISES CRUDE POSTINGS 50 CTS EFFECTIVE TODAY, WTI TO 17.50 dlrs/bbl
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9380" NEWID="4467">
+<DATE>12-MAR-1987 15:31:15.69</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0306&#31;reute
+u f BC-U.S.-SEISMIC-CREW-COU   03-12 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SEISMIC CREW COUNT DROPS 6 PCT IN FEBRUARY</TITLE>
+<DATELINE>    TULSA, Okla, March 12 - </DATELINE><BODY>The number of seismic crews
+searching for oil and gas in the United States dropped by nine
+to a total of 151 crews, a decrease of six pct from January,
+the Society of Exploration Geophysicists said.
+    The February total represented a 49 pct decrease from
+February 1986.
+    Worldwide, the association's monthly survey showed that
+seismic exploration for oil and gas increased to 395 in
+February, up three from the month before. Africa added three
+seismic crews, the Middle East increased by two and the Far
+East added one while reductions were reported in Central and
+South America, Europe and the United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9381" NEWID="4468">
+<DATE>12-MAR-1987 15:31:43.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0308&#31;reute
+s f BC-BULL-AND-BEAR-EQUITY   03-12 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BULL AND BEAR EQUITY INCOME FUND &lt;BULAX> DIV
+    NEW YORK, March 12 
+    Qtly div eight cts vs eight cts prior
+    Payable March 31
+    Record March 18
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9382" NEWID="4469">
+<DATE>12-MAR-1987 15:34:23.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0313&#31;reute
+u f AM-PERLE-2NDLD-***URGENT   03-12 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERLE QUITS AS PENTAGON ARMS CONTROL EXPERT</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>Assistant Defense Secretary Richard
+Perle resigned to complete work on a novel and said he was
+confident the United States and Soviet Union were headed for a
+verifiable arms control agreement.
+    Perle, 45, one of the most outspoken and controversial
+critics in the Reagan administration of past superpower weapons
+treaties, told reporters he would continue to do consulting
+work for the government on arms control.
+    "I'm leaving in order to do other things, including finish
+negotiations (with publishers) on my novel. I also plan to do
+some other writing," said Perle.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9383" NEWID="4470">
+<DATE>12-MAR-1987 15:34:34.08</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0314&#31;reute
+u f BC-PESSIMISM-MOUNTS-OVER   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PESSIMISM MOUNTS OVER BAHIAN TEMPORAO COCOA CROP</TITLE>
+<AUTHOR>    By Richard Jarvie, Reuters</AUTHOR>
+<DATELINE>    RIO DE JANEIRO, March 12 - </DATELINE><BODY>Pessimism over the effects of a
+prolonged dry spell on the coming Bahian temporao cocoa crop is
+rising with trade forecasts generally in the 2.0 mln to 2.5 mln
+bag range against 2.5 mln to 3.0 mln a fortnight ago.
+    Trade sources told Reuters from the state capital of
+Salvador that despite scattered rains since mid-February, which
+broke a six week drought, plantations have not picked up as
+hoped and very little cocoa is expected to be gathered in the
+first three months of the May/September crop.
+    The sources said arrivals from May through July might only
+reach around 600,000 bags whereas in normal years a figure of
+1.0 mln to 1.5 mln bags might be expected.
+    Arrivals from then should start to pick up sharply as pods
+from current flowering are gathered. However, the sources noted
+a late temporao is always more susceptible to pod rot, which
+flourishes if conditions turn cold and humid, and which is more
+likely from late July on.
+    This year's crop is doubly susceptible because poor prices
+mean farmers were not encouraged to invest in fertilisers and
+insecticides and are also unlikely to treat against pod rot.
+    A severe attack of pod rot can cause the loss of over
+500,000 bags in a very short period, one source said.
+    Because of the increased exposure to pod rot damage,
+estimates of the final outcome of the temporao are extremely
+vulnerable and production could easily drop to below the 2.0
+mln bag mark if the disease hits.
+    Although flowering was good following the start of the
+rains, pod setting was not up to expectations, possibly because
+the drought had caused a drop in the insect population which
+pollinates flowers, the sources said.
+    However, reports from farms indicate moisture levels are
+now generally back to near normal levels and that current
+flowering and pod setting is good, which should result in
+mature fruit from August through September.
+    The sources said they expect no break in the harvesting of
+beans between the end of the temporao and the beginning of the
+main crop, which officially starts on October 1.
+    "The cut-off date is completely artificial. If things go
+well from now on we should see heavy harvesting without a break
+from August through November or even December," one said.
+    If predictions of a 2.0 to 2.5 mln bag temporao prove
+accurate this would be below the 2.7 mln bag average for the
+past 10 years. The last poor temporao was in 1984 when
+prolonged drought and later pod rot cut production to 1.79 mln
+bags, the lowest since 1974.
+    Good growing conditions the following year produced a
+temporao of 3.12 mln bags, just below the 1983 3.17 mln bag
+record, while last year's output, which also suffered some
+drought damage, was 2.77 mln bags.
+    Figures for the coming temporao might be distorted upwards
+by the inclusion of undeclared current main crop beans.
+    The sources said large quantities of beans are believed to
+have been undeclared from this year's record total harvest and
+they were unsure how much of this would be unregistered by the
+end of the official crop year on April 30.
+    Recent official arrivals figures have been swollen by the
+inclusion of beans which had been delivered previously to port
+warehouses but not declared.
+    Because of the high turnover of beans this year,
+significant amounts have deteriorated because they were stored
+too long at the back of warehouses. Some of these are expected
+to be held for mixing in with early temporao arrivals.
+    With official arrivals figures for the 1986/87 temporao and
+main crops totalling over 6.1 mln bags, and over seven weeks
+still to go to the end of the year, the total outturn should be
+at least a record 6.5 mln bags if all production is declared,
+the sources said.
+    This would compare with the previous record set last year
+of 6.03 mln.
+    However, there is no way of telling how many current crop
+beans will be declared after the May 1 start of the temporao
+and thus the true size of the 1986/87 harvest may never be
+officially registered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9384" NEWID="4471">
+<DATE>12-MAR-1987 15:34:46.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0315&#31;reute
+r f BC-ANHEUSER-BUSCH-&lt;BUD>   03-12 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANHEUSER-BUSCH &lt;BUD> DEBENTURES ISSUED</TITLE>
+<DATELINE>    ST. LOUIS, March 12 - </DATELINE><BODY>Anheuser-Busch Cos Inc said it will
+issue 150 mln dlrs in principal amount of 8-1/2 pct sinking
+fund debentures due March 1, 2017.
+    It said the offering will be through an underwriting
+syndicate managed by Dillon, Read and Co Inc. They debentures
+will be offered at 99.0 pct of the face amount to yield 8.59
+pct to maturity.
+    It said the debentures are being issued under a previously
+announced shelf registration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9385" NEWID="4472">
+<DATE>12-MAR-1987 15:35:25.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0316&#31;reute
+u f BC-ROSE'S-STORES-INC-&lt;RS   03-12 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSE'S STORES INC &lt;RSTO> 4TH QTR JAN 28</TITLE>
+<DATELINE>    HENDERSON, N.C., march 12 -
+    </DATELINE><BODY>Shr 37 cts vs 37 cts
+    net 7.6 mln vs 7.5 mln
+    Revs 383.9 mln vs 326.3 mln
+    Year
+    Shr 1.17 dlrs vs 99 cts
+    Net 24.0 mln vs 20.3 mln
+    Revs 1.2 billion vs 1.0 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9386" NEWID="4473">
+<DATE>12-MAR-1987 15:35:28.85</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0317&#31;reute
+f f BC-ussr-export-sale   03-12 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 120,000 TONNES WHEAT  PURCHASED FROM FOREIGN SELLERS FOR 1987/88
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9387" NEWID="4474">
+<DATE>12-MAR-1987 15:35:53.02</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0320&#31;reute
+u f BC-PHILLIPS-&lt;P>-RAISES-C   03-12 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILLIPS &lt;P> RAISES CRUDE POSTINGS 50 CTS</TITLE>
+<DATELINE>    New York, March 12 - </DATELINE><BODY>Phillips Petroleum said it raised the
+contract price it will for all grades of crude oil 50 cts a
+barrel, effective today.
+    The increase brings Phillip's posted price for the West
+Texas Intermediate and West Texas Sour grades to 17.50 dlrs a
+bbl.
+    Phillips last changed its crude oil postings on March 4.
+    The price increase follows similar moves by USX's &lt;X>
+subsidiary, Marathon oil, and Sun Co &lt;SUN> earlier today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9388" NEWID="4475">
+<DATE>12-MAR-1987 15:36:09.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0321&#31;reute
+r f BC-ASAMERA-INC-&lt;ASM>-YEA   03-12 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASAMERA INC &lt;ASM> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 12 -
+    </DATELINE><BODY>Oper shr loss 48 cts vs profit 50 cts
+    Oper net loss 11.3 mln vs profit 18.1 mln
+    Revs 262.8 mln vs 399.7 mln
+    Note: 1986 net excludes tax gain of 1.1 mln dlrs or three
+cts shr vs yr-ago gain of 5.6 mln dlrs or 17 cts shr.
+    1986 net includes 15 mln dlr charge for reduction in
+carrying value of refinery and related assets. 1985 net
+includes 10.8 mln dlr gain on sale of Canadian natural gas
+property.
+    U.S. dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9389" NEWID="4476">
+<DATE>12-MAR-1987 15:36:31.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0324&#31;reute
+r f BC-LVI-GROUP-INC-&lt;LVI>-4   03-12 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LVI GROUP INC &lt;LVI> 4TH QTR OPER NET</TITLE>
+<DATELINE>    NEW YORK, March 12 -
+    </DATELINE><BODY>Oper shr profit two cts vs loss 19 cts
+    Oper net profit 523,000 vs loss 2,191,000
+    Revs 102.5 mln vs 39.9 mln
+    Avg shrs 20.0 mln vs 11.1 mln
+    Year
+    Oper shr profit 11 cts vs loss 29 cts
+    Oper net profit 2,240,000 vs loss 2,884,000
+    Revs 304.4 mln vs 50.3 mln
+    Avg shrs 19.4 mln vs 9,759,000
+     NOTE: 1986 4th qtr and year oper net excludes a gain of
+492,000 dlrs and 1,241,000 dlrs, respectively, for
+carryforwards and a loss of 135,000 dlrs and 533,000 dlrs,
+respectively, for early extinguishment of debt.
+    1985 4th qtr and year oper net excludes a loss of 1,457,000
+dlrs or 14 cts per share and loss 1,735,000 dlrs or 18 cts per
+share, respectively, for discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9390" NEWID="4477">
+<DATE>12-MAR-1987 15:38:45.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0326&#31;reute
+u f BC-TALKING-POINT/PUROLAT   03-12 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/PUROLATOR COURIER CORP &lt;PCC></TITLE>
+<AUTHOR>    By Patti Domm, Reuter</AUTHOR>
+<DATELINE>    New York, March 12 - </DATELINE><BODY>Purolator Courier corp's stock rose on
+specualtion that a disgruntled former Purolator director would
+find a new suitor for the company, traders said.
+    Purolator agreed in late February to a 35 dlr-a-share, 265
+mln-dlr offer from E.F. Hutton LBO Inc and certain members of
+its Purolator courier division's management.
+    The stock today hit 36-1/4, up one.
+    Today, Purolator revealed in a filing with the Securities
+and Exchange Commission that director Doresy Gardner resigned
+from its board of directors in a letter dated March 10.
+    The letter from Gardner said he resigned the board because
+the merger agreement with Hutton barred directors from
+soliciting new offers and he believes shareholders might get a
+better deal. Gardner said he believes a better offer might be
+found if the company would agree to be sold to some other
+entity, or if it could sell off all or part of its U.S. courier
+division.
+    "Basically, (the courier division) is a company that has
+450 mln dlrs in revenues. It's a very large company and it's
+being sold for 50 or 60 mln dlrs," said Gardner in a telephone
+interview with Reuters.
+    Gardner is an official of Kelso Management, a firm
+associated with Fidelity International Ltd. A group of Fidelity
+companies owns eight pct of Purolator, and Gardner said he
+personally owns 20,000 shares.
+    A Purolator official said the company has no comment on the
+letter from Gardner.
+    Arbitragers speculated another overnight messenger service
+may emerge as a likely bidder for Purolator. Before the
+transaction with Hutton LBO was announced, analysts had also
+speculated another courier company would be the most likely
+suitor.
+    While one arbitrager acknowledged there in fact may be no
+new bidders, he said the possibility one could appear pushed
+the stock into play again.
+    "There's no shortage of possibilities. It's just a question
+of management's willingness to let the process continue," said
+one arbitrager.
+    Arbitragers said a new buyer might be found because they
+believe Hutton LBO has taken on no risk in the transaction.
+Hutton has begun a tender for 83 pct of Purolator at 35 dlrs
+cash per share. The balance of Purolator's stock will be bought
+for securities and warrants in a new company holding the U.S.
+courier operations.
+    The arbitragers said tender offer documents show that
+Hutton does not need to use its cash in the transaction and
+will emerge with a giant, majority equity interest in
+Purolator.
+    "As far as I can tell from the public documents from the
+deal that's on the table, Hutton is basically putting up zero.
+One always likes a situation like that. You always like to
+think if they can do this deal at no risk, there should be
+someone else in the world that could do it higher," said one
+arbitrager.
+    The firm, however, is supplying temporary financing, and
+sources close to the transaction disputed the claim that the
+firm will not end up paying for its equity position.
+    While one scenario mentioned in the tender offer document
+did note that the E.F. Hutton Group subsidiary may not have to
+keep cash in the transaction, the sources said there is some
+risk to the firm.
+    "There are a variety of contingencies and restricted cash,
+and all sorts of things that make it very speculative," said
+one of the sources, adding there are also severance payments to
+employees.
+    The E.F. Hutton Group subsidiary is supplying 279 mln dlrs
+in so-called "bridge" financing for the transaction. The bridge
+financing is a temporary loan from Hutton.
+    The financing is to be replaced with permanent financing,
+expected to come from banks. However, it may take some time to
+replace the financing, the source said, resulting in what could
+be a substantial expense to the firm.
+    Gardner said Hutton stands to gain fees of 10 to 20 mln
+dlrs from the transaction, but sources close to the transaction
+said fees are at the low end of the scale.
+    "It's a very complex transaction, but basically what
+happens is they ostensibly put up money but the fees recapture
+any investment they might have once the merger takes place,"
+Gardner said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9391" NEWID="4478">
+<DATE>12-MAR-1987 15:40:59.28</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0330&#31;reute
+b f BC-ussr-export-sale   03-12 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA SAYS WHEAT PURCHASED FROM FOREIGN SELLERS</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The U.S. Agriculture Department said
+private U.S. exporters reported purchases from foreign sellers
+of 120,000 tonnes of wheat for delivery to unknown
+destinations.
+    The wheat, consisting of 60,000 tonnes of hard red winter
+and 60,000 tones of soft red winter, is for delivery during the
+1987/88 season, which begins June 1.
+    A purchase from a foreign seller is a transaction in which
+a U.S. exporter contracts to buy U.S.-produced commodities from
+a foreign firm, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9392" NEWID="4479">
+<DATE>12-MAR-1987 15:42:19.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0336&#31;reute
+f f BC-******FCC-PANEL-VOTES   03-12 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FCC PANEL VOTES 1.50 DLR HIKE IN MONTHLY RESIDENTAL PHONE SUBSCRIBER LINE CHARGE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9393" NEWID="4480">
+<DATE>12-MAR-1987 15:42:45.60</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0338&#31;reute
+f f BC-******volcker   03-12 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VOLCKER SEES NO CLEARCUT EVIDENCE THAT U.S. TRADE DETERIORATION HAS YET BEEN REVERSED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9394" NEWID="4481">
+<DATE>12-MAR-1987 15:43:26.60</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0341&#31;reute
+u f BC-DIAMOND-SHAMROCK-&lt;DIA   03-12 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE> DIAMOND SHAMROCK &lt;DIA> RAISES CRUDE POSTINGS</TITLE>
+<DATELINE>    New York, March 12 - </DATELINE><BODY>Diamond Shamrock said it raised the
+contract price it will pay for crude oil 50 cts a barrel,
+effective today.
+    The increase brings the company's posted price for the
+benchmark grade, West Texas Intermediate, to 17.50 dlrs/bbl.
+    Diamond Shamrock last changed its postings on March 4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9395" NEWID="4482">
+<DATE>12-MAR-1987 15:44:57.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0343&#31;reute
+f f BC-******VOLCKER   03-12 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VOLCKER SEES SEVERE PROBLEMS IN SOME SECTORS OF THE U.S. ECONOMY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9396" NEWID="4483">
+<DATE>12-MAR-1987 15:45:33.89</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0345&#31;reute
+f f BC-toronto-dominion   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TORONTO DOMINION BANK CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT - TOMORROW
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9397" NEWID="4484">
+<DATE>12-MAR-1987 15:45:49.04</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0346&#31;reute
+b f BC-prime   03-12 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF MONTREAL CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE FRIDAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9398" NEWID="4485">
+<DATE>12-MAR-1987 15:47:12.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0348&#31;reute
+r f BC-R.P.-SCHERER-&lt;SCHS>-O   03-12 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>R.P. SCHERER &lt;SCHS> OFFERS PREFERRED STOCK</TITLE>
+<DATELINE>    TROY, MICH., March 12 - </DATELINE><BODY>R.P. Scherer Corp said it is
+offering 1.6 mln shares of 5-3/4 pct convertible exchangeable
+preferred stock at 25 dlrs a share.
+    Each stock is convertible into the company's common stock
+at 23.60 dlrs a share, which represents a conversion premium of
+24.2 pct over the last sale price of 19 dlrs a share on March
+11.
+    Goldman, Sachs and Co is lead underwriter for the offering.
+    Scherer said one of its directors, Richard Manoogian, said
+he will buy 200,000 shares of the preferred stock at the same
+25 dlrs a share.
+    The company said proceeds will be used for general
+corporate purposes including funding an increasing commitment
+to research and development on new drug formulations and
+delivery systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9399" NEWID="4486">
+<DATE>12-MAR-1987 15:47:36.69</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0351&#31;reute
+f f BC-******VOLCKER   03-12 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VOLCKER SAYS FED REMAINS CONCERNED ABOUT THE POSSIBILITY OF RENEWED INFLATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9400" NEWID="4487">
+<DATE>12-MAR-1987 15:47:45.55</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0352&#31;reute
+f f BC-******ASSETS-OF-MONEY   03-12 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ASSETS OF MONEY MARKET MUTUAL FUNDS FELL 35.3 MLN DLRS IN LATEST WEEK TO 237.43 BILLION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9401" NEWID="4488">
+<DATE>12-MAR-1987 15:49:29.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0363&#31;reute
+u f AM-COMPUTERS   03-12 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEINBERGER OPPOSES FUJITSU BUYING U.S. FIRM</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>Defense Secretary Caspar Weinberger
+will join Commerce Secretary Malcolm Baldrige in fighting
+Fujitsu Ltd's &lt;ITSU.T> plan to buy 80 pct of &lt;Fairchild
+Semiconductor Corp>, Pentagon officials said.
+    "He (Weinberger) opposes it. It is not in the best interests
+of the country to have more of the micro-electronics business
+leaving the United States," one of the Pentagon officials, who
+asked not to be identified, told Reuters.
+    Commerce Department officials told Reuters yesterday that
+Baldrige opposed the planned sale and that the White House
+Economic Policy Council will take up the matter within weeks.
+    Commerce and defense officials said Baldrige and Weinberger
+feared the U.S. military is already leaning too heavily on
+foreign electronic support.
+    But the Defense Department also said today that Weinberger
+and Baldrige differed on the proposed sale of U.S. computer
+equipment to Iran.
+    The Commerce Department advised the Pentagon recently that
+defense objections to two proposed sales -- to an Iranian power
+company and the Islamic Republic of Iran News Agency -- were
+not valid and the sales of small and medium computers would go
+through unless more evidence was presented.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9402" NEWID="4489">
+<DATE>12-MAR-1987 15:50:00.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0365&#31;reute
+r f BC-FORMER-MERRILL-LYNCH   03-12 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER MERRILL LYNCH &lt;MER> EMPLOYEE CHARGED</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>A former account executive and
+registered representative at Merrill Lynch Co Inc was charged
+by a federal grand jury with diverting 8,400 dlrs of the
+company's funds for his own use, according to court papers.
+    Bentley Whitfield, 31, was accused by the Grand Jury of
+mail fraud stemming from a scheme in which he deposited a check
+payable to Merrill Lynch into a trading account that he opened
+under a ficticious name.
+    The grand jury found he withdrew 8,400 dlrs from the
+account and used the money in a real estate deal. He faces a
+maximum five years in jail and 1,000 dlr fine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9403" NEWID="4490">
+<DATE>12-MAR-1987 15:56:53.83</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0375&#31;reute
+u f BC-GLICKMAN-PUSHES-HARD   03-12 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLICKMAN PUSHES HARD FOR 0/92 FARM PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>Implementation of a one-year 0/92
+pilot program for wheat and feedgrains was strongly promoted
+today by the chairman of a key house agriculture subcommittee
+as a way to cut farm costs and simultaneously give farmers
+another option when making their planting decisions.
+    "We have a budget driven farm policy. It may be a shame,
+but we are locked into this," said Dan Glickman, (D-Kans.),
+chairman of the subcommittee on wheat, soybeans and feed
+grains. "We need to look at ways to cut costs and not hurt the
+farmer. A 0/92 plan, if properly done, could do both."
+    Glickman announced this week plans to introduce a 0/92 bill
+for 1987 and 1988 wheat and feedgrains. An aide to Glickman
+said that it will probably be introduced next week.
+    Glickman said a 0/92 program, which allows a farmer to
+forego planting and still receive 92 pct of his deficiency
+payment, would not be a major revision of the 1985 farm bill --
+only an extension of the 50/92 option already provided under
+the current bill.
+    It is premature to make any major changes in the farm bill,
+he said, but if agriculture has to make further cuts to meet
+budget goals, a voluntary 0/92 plan would be better than
+sharply cutting target prices, as USDA has proposed.
+    A 0/92 plan, however, would not be decoupling, but simply a
+different type of acreage diversion program, Glickman said.
+    Decoupling -- delinking planting decisions from government
+payments -- is too much of a policy change to approve at this
+point, he said.
+    "I don't think there is any interest in pursuing a
+decoupling bill this year. Period. Unequivocal," Glickman said
+at the hearing.
+    Sen. Rudy Boschwitz (R-Minn.), cosponsor of the
+Boren/Boschwitz decoupling plan, said he supports a short term
+0/92 program as a move to a more permament decoupling plan.
+    Boschwitz plans to introduce a 0/92 plan in the senate. His
+plan would guarantee a certain deficiency payment to
+participating farmers, require that idled acreage be put to
+conservation use only, prohibit haying and grazing on extra
+idled acreage, limit participation to a certain number of acres
+in a county and provide tenant protection provisions.
+    "I know we cannot obtain complete decoupling in 1987, but
+we can at least move in that direction," Boschwitz said.
+    Robbin Johnson, vice president of Cargill, Inc., testified
+in favor of decoupling. Decoupling would end the current bias
+in U.S. farm policy towards overproduction and reduce farmers'
+dependency on the government, he said.
+    A 0/92 plan does not go far enough in decoupling, Johnson
+said, and would still encourage farmers to plant.
+    Officials from the National Corn Growers Association and
+the National Cattlemen's Association said their groups oppose
+any 0/92 or decoupling plan due to concerns about reopening the
+farm bill and creating more confusion among farmers.
+    But when asked if his association were forced to choose
+between a ten pct cut in target prices or a 0/92 program, Larry
+Johnson of the Corn Growers said they would agree to 0/92
+rather than take sharp cuts in target levels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9404" NEWID="4491">
+<DATE>12-MAR-1987 15:57:19.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0377&#31;reute
+u f BC-MILLER-REITERATES-NO   03-12 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILLER SAYS NO U.S. TAX HIKES TO CUT DEFICIT</TITLE>
+<DATELINE>     DALLAS, March 12 - </DATELINE><BODY>Director of the Office of Management
+and Budget James Miller said the Reagan administration had no
+intention of raising taxes in order to reduce the federal
+budget deficit.
+     "There will be no tax increases," he said three times
+before a Management Briefing luncheon of Southern Methodist
+University's Edwin L. Cox School of Business.
+     The budget deficit, which is currently slated at 173
+billion dlrs for fiscal 1988, is supposed to be reduced to 108
+billion dlrs under the provisions of the Gramm-Rudman Act,
+which calls for a balanced budget by fiscal 1991.
+     Miller said he believes the budget deficit can be reduced
+but added, "the surest way to put us in a pickle" would be to
+raise or ease the Gramm-Rudman goal.
+     "If we were to raise taxes so soon after tax reform, it
+would create enormous uncertainty on the financial markets," he
+said, adding that giving up on the will to reduce the deficit
+would also create uncertainty.
+     Miller reiterated the president's budget proposal that the
+deficit could be reduced by a total of 42 billion dlrs through
+increased revenues and spending cuts. An additional 23 billion
+dlrs from economic growth is expected to result in the budget
+deficit being reduced to the 108 billion dlr target.
+     Miller said it was possible the Administration might
+support an oil import fee, but added that the President was
+concerned that such a move might have more adverse results than
+benefits.
+     He also said the Administration was seeking to spin off
+Amtrak, which costs the government about 500 mln dlrs a year,
+but added that he did not expect it to be accomplished this
+year.             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9405" NEWID="4492">
+<DATE>12-MAR-1987 15:57:53.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0380&#31;reute
+r f BC-HANOVER-INSURANCE-CO   03-12 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANOVER INSURANCE CO &lt;HINS> GETS NEW EXECUTIVE</TITLE>
+<DATELINE>    BOSTON, March 12 - </DATELINE><BODY>Hanover Insurance Co said Joseph Henry
+has been elected financial vice president of the company and
+its subsidiary, the Massachusetts Bay Insurance Co.
+    Henry is a former partner of Peat Marwick Mitchell, Hanover
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9406" NEWID="4493">
+<DATE>12-MAR-1987 15:58:11.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0382&#31;reute
+d f BC-SAFEGUARD-SCIENTIFIC   03-12 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAFEGUARD SCIENTIFIC &lt;SFE> IN EQUITY DEAL</TITLE>
+<DATELINE>    KING OF PRUSSIA, Pa., March 12 - </DATELINE><BODY>Safeguard Scientifics Inc
+said it made a 2.5 mln dlr equity investment in &lt;Sanchez
+Computer Associates Inc>, a private computer software firm
+based in Malvern, Pa.
+   Safeguard said the investment gives it a "major ownership
+position" in Sanchez, which specializes in software products
+for financial institutions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9407" NEWID="4494">
+<DATE>12-MAR-1987 15:58:29.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0383&#31;reute
+d f BC-CORE-INDUSTRIES-INC-&lt;   03-12 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORE INDUSTRIES INC &lt;CRI> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    BLOOMFIELD HILLS, MICH., March 12 -
+    </DATELINE><BODY>Shr 20 cts vs 22 cts
+    Net 1,948,000 vs 2,124,000
+    Sales 40.9 mln vs 41.0 mln
+    Six mths
+    Shr 40 cts vs 50 cts
+    Net 3,864,000 vs 4,835,000
+    Sales 81.7 mln vs 79.9 mln
+    NOTE: 1986 results include gain on sale of land of 571,000
+dlrs, or six cts a share
+    1986 results include loss from discontinued operations of
+403,000 dlrs, or four cts a share in the quarter and 598,000
+dlrs, or six cts a share in the six months
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9408" NEWID="4495">
+<DATE>12-MAR-1987 15:59:58.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0388&#31;reute
+u f BC-FCC-PANEL-RECOMMENDS   03-12 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FCC PANEL RECOMMENDS PHONE FEE HIKE</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>A Federal Communications Commission
+(FCC) board recommended raising the two-dollar monthly
+subscriber line charge for residential telephone customers by
+1.50 dlrs over the next two years.
+    The subscriber line charge was first levied by the FCC in
+June, 1985, in an effort to more acurately reflect the cost of
+providing phone service as a part of phone deregulation.
+    The recommendation by the board, composed of federal and
+state utility regulators, was expected to be approved by the
+FCC in a seperate decision in the next few weeks.
+    The subscriber line charge for residences and businesses
+with single phone lines will rise to 2.60 dlrs in June 1987,
+3.20 in September 1988, and 3.50 dlrs in April 1989.
+    The staff of the FCC said at a public meeting that the
+increase in the charge would make possible a reduction in
+long-distance phone rates of 15 pct or 17 billion dlrs over six
+years.
+    Supporters of the subscriber line charge have argued that
+long distance phone rates had been subsidizing local phone
+service, which would lead to abandonment of the phone network
+by large commercial phone customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9409" NEWID="4496">
+<DATE>12-MAR-1987 16:01:20.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0393&#31;reute
+r f BC-ALLEGHENY-BEVERAGE-&lt;A   03-12 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY BEVERAGE &lt;ABEV> DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Moody's Investors Service Inc said it
+cut to Caa from B-2 Allegheny Beverage Corp's 112 mln dlrs of
+subordinated debt.
+    The rating agency cited Allegheny's high leverage and poor
+operating performance, as well as reduced cash flow.
+    Moody's said the company's prospects for improvement are
+limited by increasing competition in the food service industry
+and decreasing demand for the vending services that Allegheny
+provides. Moody's also said a renegotiated bank agreement
+includes accelerated amortization requirements that exacerbate
+Allegheny's already weakened ability to service its debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9410" NEWID="4497">
+<DATE>12-MAR-1987 16:03:01.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0396&#31;reute
+r f BC-MUSIKAHN-CORP-FILES-F   03-12 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUSIKAHN CORP FILES FOR REORGANIZATION</TITLE>
+<DATELINE>    FREEPORT, N.Y., March 12 - </DATELINE><BODY>&lt;Musikahn Corp> said it filed a
+reorganization plan with the U.S. Bankruptcy Court for itself
+and its subsidiary, Jack Kahn Music Co.
+    The company said both entities have been operating as
+debtors in Chapter 11 since Oct 22, 1985.
+    The plan provides for payment in full of administration
+expenses and priority claims, and secured claims, the companies
+said. In addition, priority claims of governmental units will
+be paid in full over a period of six years.
+    The companies said unsecured creditors will receive up to
+25 pct of their claims.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9411" NEWID="4498">
+<DATE>12-MAR-1987 16:03:20.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0397&#31;reute
+d f BC-FIRST-FINANCIAL-&lt;FFMC   03-12 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FINANCIAL &lt;FFMC> IN STOCK SPLIT</TITLE>
+<DATELINE>    ATLANTA, March 12 - </DATELINE><BODY>First Financial Management Corp said
+its board declared a three-for-two stock split of its common
+stock.
+    The split will be effected by a 50 pct stock dividend for
+shareholders of record March 23 to be distributed on April six.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9412" NEWID="4499">
+<DATE>12-MAR-1987 16:04:03.17</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0403&#31;reute
+u f BC-scotiabank   03-12 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF NOVA SCOTIA CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE TOMORROW
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9413" NEWID="4500">
+<DATE>12-MAR-1987 16:04:59.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0408&#31;reute
+d f BC-COMMAND-AIRWAYS-&lt;COMD   03-12 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMAND AIRWAYS &lt;COMD> FEBRUARY TRAFFIC ROSE</TITLE>
+<DATELINE>    POUGHKEEPSIE, N.Y., March 12 - </DATELINE><BODY>Command Airways said its
+February load factor rose to 40.4 pct from 39.0 pct, available
+seat miles rose to 9.6 mln from 7.1 mln last year and revenue
+passenger miles rose to 3.9 mln from 2.8 mln.
+    For the year to date, Command's load factor rose to 40.6
+pct from 38.1 pct, revenue passenger miles rose to 37.0 mln
+from 27.8 mln and available seat miles rose to 91.2 mln from
+72.7 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9414" NEWID="4501">
+<DATE>12-MAR-1987 16:05:27.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0410&#31;reute
+r f BC-TEXACO-&lt;TX>,-HONEYWEL   03-12 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX>, HONEYWELL &lt;HON> IN JOINT VENTURE</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 12 - </DATELINE><BODY>Texaco Inc and Honeywell Inc
+said they formed a joint venture to provide advanced industrial
+plant control systems and services.
+    The companies did not say how much money they will invest
+in the Phoenix-based venture, which has been named Icotron Co.
+    Louis Garbrecht Jr, general manager of Texaco's engineering
+and safety department, was named chairman of the venture, the
+companies said. John Hoag, a Honeywell executive, will oversee
+the day-to-day operations of the venture as president, the
+partners said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9415" NEWID="4502">
+<DATE>12-MAR-1987 16:06:13.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0415&#31;reute
+r f BC-GM-&lt;GM>-ADDS-PLANT-TO   03-12 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> ADDS PLANT TO TEMPORARY LAYOFF LIST</TITLE>
+<DATELINE>    DETROIT, March 12 - </DATELINE><BODY>General Motors Corp said it is adding a
+third plant to its temporary layoff ranks.
+    It said the Arlington Assembly plant in Arlington, Texas,
+will be closed March 16 to 30 for inventory adjustment, a move
+affecting some 2,000 workers.
+    Two plants previously put on temporary layoff are the
+Lakewood (Georgia) assembly plant, which will be closed in
+early May for model changeover and the Norwood (Ohio) plant,
+down March 9-23 due to material shortage. The total number on
+temporary layoff will be 7,600.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9416" NEWID="4503">
+<DATE>12-MAR-1987 16:06:31.40</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0417&#31;reute
+r f BC-OCCIDENTAL-UNIT-&lt;OXY>   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL UNIT &lt;OXY> LIFTS LOCKOUT</TITLE>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>Iowa Beef Processors Inc is lifting a
+lockout at its Dakota City, Nebraska processing plant and plans
+to resume operations March 16, United Food and Commercial
+Workers Union spokesman Allen Zack said by phone from his
+Washington, D.C. headquarters.
+    Iowa Beef, a susbsidiary of Occidental Petroleum Corp,
+mailed a letter to members of UFCWU Local 222 informing them a
+lockout imposed by the company on December 14 would be lifted
+and meatpackers could return to work under Iowa Beef's
+"revised, last and best final offer," according to Zack.
+    The letter was signed by four managers at the Dakota City
+plant.
+    Iowa Beef closed the proessing plant indefinitely in
+mid-December because, it said, it had no alternative to threats
+by meatpackers to disrupt operations.
+    About 2,800 members of Local 222 are affected by the
+shutdown. A 3-1/2 year labor contract at the plant expired
+December 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9417" NEWID="4504">
+<DATE>12-MAR-1987 16:06:59.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0421&#31;reute
+r f BC-CIRCON-CORP-&lt;CCON>-4T   03-12 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRCON CORP &lt;CCON> 4TH QTR</TITLE>
+<DATELINE>    SANTA BARBARA, Calif., March 12 -
+    </DATELINE><BODY>Shr loss two cts vs profit 10 cts
+    Net loss 79,000 vs profit 507,000
+    Revs 10.6 mln vs 2,238,000
+    12 mths
+    Shr profit two cts vs profit 23 cts
+    Net 89,000 vs 1,130,000
+    Revs 21.4 mln vs 7,766,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9418" NEWID="4505">
+<DATE>12-MAR-1987 16:07:42.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0426&#31;reute
+r f BC-BROWN-TRANSPORT-&lt;BTCU   03-12 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN TRANSPORT &lt;BTCU> DECLARES FIRST PAYOUT</TITLE>
+<DATELINE>    ATLANTA, March 12 - </DATELINE><BODY>Brown Transport Co Inc said its board
+declared an initial quarterly dividend of four cts a share,
+payable April 10 to stockholders of record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9419" NEWID="4506">
+<DATE>12-MAR-1987 16:08:30.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0432&#31;reute
+u f BC-PRESIDENT-NAMED-FOR-D   03-12 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDENT NAMED FOR DISNEY &lt;DIS> EUROPEAN PARK</TITLE>
+<DATELINE>    BURBANK, Calif., March 12 - </DATELINE><BODY>Walt Disney Co &lt;DIS> said it
+named Robert J. Fitzpatrick, president of Euro Disneyland.
+    Disney said the appointment becomes effective when it and
+the French government sign the definitive agreement for the new
+outdoor entertainment complex near Paris. It said the park will
+be built on nearly 5,000 acres in Marne-la-Vallee, 20 miles
+east of Paris. It said it will include the Magic Kingdom theme
+park, outdoor recreation, shops and hotels.
+    It said it will seek qualified investors in France and
+elsewhere to form the Europ Disneyland owner company, in which
+it will also be an equity partner.
+    Disney also said it will receive management fees for
+operating the park in addition to license and royalty income.
+    It said Fitzpatrick is president of California Institute of
+the Arts and director of the Los Angeles Festival.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9420" NEWID="4507">
+<DATE>12-MAR-1987 16:09:11.38</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0437&#31;reute
+r f BC-WRIGHT-SAYS-A-GAS-TAX   03-12 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WRIGHT SAYS A GAS TAX AN OPTION TO CUT DEFICIT</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>House Speaker Jim Wright said a
+gasoline tax is one option to finding a way to reduce the
+deficit, but told reporters in response to a question he will
+not try to dictate a solution to the debt problem.
+    Wright has made suggestions for raising taxes about 20
+billion dlrs as part of a budget plan to reduce the deficit.
+Tax proposals are being given consideration by members of the
+House Budget Committee, but the details of any tax increase
+would be made by the tax writing House ways and Means
+Committee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9422" NEWID="4508">
+<DATE>12-MAR-1987 16:10:34.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0440&#31;reute
+u f BC-WHITE-HOUSE-DETAILS-C   03-12 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE DETAILS CREDIT REFORM LEGISLATION</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The Reagan Administration sent to
+Congress proposed legislation that would require Congress to
+reflect the cost of federal loan subsidies in the government's
+budget.
+    The legislation would require Congress to approve all
+subsidies on loans, to sell off many loans to the private
+sector shortly after they are made and to buy private
+reinsurance for many guaranteed loans.
+    White House officials estimated reinsurance premiums  could
+amount to six billion dlrs a year to private companies.
+    The bill would make little impact on the federal deficit or
+payroll, officials said.
+    The legislation would not in itself alter the terms of
+federal credit programs.
+    But officials said they would be pleased if Congress
+tightened some programs after seeing their true cost set out in
+the budget.
+    The program would call for the immediate sale of many newly
+made direct federal loans, but would no effect existing federal
+loan portfolios. Some of these are already proposed to be sold
+off under previous administration programs.
+    Exempt from the sale requirement would be loans made under
+the Commodity Credit Corp commodity loan program, which the
+government considers to be a commodity purchase program rather
+than a credit program, and defaulted guaranteed loans, which
+the government considers to be the same as direct loans.
+    Also excluded from the sale requirement would be most
+foreign loans, though officials said they may at some point
+consider selling off some Export-Import Bank loans.
+    Officials said government loan programs currently amount to
+about 252 billion dlrs in direct loans and 450 billion dlrs in
+guaranteed loans a year.
+    Officials said U.S. agencies were asked to calculate the
+approximate cost of their loan subsidies by looking at
+comparable loans in the marketplace.
+    The administration is asking Congress to begin reflecting
+the cost of these subsidies in the fiscal 1988 budget, which
+the House Budget Committee plans to begin marking up late next
+week.
+    Officials said the reforms, if adopted across-the-board by
+all affected congressional committees, would lower the federal
+deficit by only 100 mln dlrs in fiscal 1988.
+    Officials said the administration hopes to sell a total of
+13.0 billion dlrs in loan assets during fiscal 1988, including
+1.8 billion dlrs in loan assets under the credit reform program
+and 11.2 billion dlrs in loan assets already in the
+governemnt's portfolion.
+    In fiscal 1989, the administration hopes to sell 8.9
+billion dlrs in loans, including 1.3 billion dlrs of loans
+under the credit reform program and 7.6 billion dlrs from the
+existing portfolio.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9421" NEWID="4509">
+<DATE>12-MAR-1987 16:10:53.29</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0441&#31;reute
+f f BC-******KEY-U.S.-HOUSE   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>KEY U.S. HOUSE TRADE SUBCOMMITTEE APPROVES BILL TO TOUGHEN U.S. TRADE LAWS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9423" NEWID="4510">
+<DATE>12-MAR-1987 16:11:38.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0443&#31;reute
+d f BC-&lt;SUMMIT-PETROLEUM-COR   03-12 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SUMMIT PETROLEUM CORP> SELLS SHARES</TITLE>
+<DATELINE>    ABILENE, TEXAS, March 12 - </DATELINE><BODY>Summit Petroleum Corp said it
+sold 11.3 mln shares, or 29.4 pct, of its common stock to
+&lt;Halbert and Associates Inc>.
+    The company said the shares were previously held by
+&lt;Consolidated Energy Corp> and Harken Oil and Gas Inc &lt;HOGI>.
+    In addition, David D. Halbert, president and chief
+executive officer of Halbert, an Abilene investment firm, was
+named chairman and chief executive of Summit, the company said.
+   Halbert, Charles M. Bruce and James O. Burke were also named
+directors, expanding the board to five, Summit added.
+    The company said Burke is president and chief executive of
+&lt;Allied Comprehensive Health Inc>, Abilene, while Bruce is a
+partner in the Washington law firm of Butler and Binion.
+    Summit said it intends to actively seek acquisitions to
+increase its asset base.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9424" NEWID="4511">
+<DATE>12-MAR-1987 16:12:13.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0447&#31;reute
+r f BC-GEN-DYNAMICS-&lt;GD>-GET   03-12 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEN DYNAMICS &lt;GD> GETS 44.7 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>Genral Dynamics Corp has received a
+44.7 mln dlr contract for steam and electric plant development
+for SSN-21 submarines, the Navy said .
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9425" NEWID="4512">
+<DATE>12-MAR-1987 16:14:54.38</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>canada</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0454&#31;reute
+u f BC-JAPANESE-CRUSHERS-BUY   03-12 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE CRUSHERS BUY CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, March 12 - </DATELINE><BODY>Japanese crushers bought 8,000 tonnes
+of Canadian rapeseed in export business overnight for April
+shipment, trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9426" NEWID="4513">
+<DATE>12-MAR-1987 16:15:24.51</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0455&#31;reute
+u f BC-NO-CLEAR-EVIDENCE-TRA   03-12 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO CLEAR EVIDENCE TRADE GAP REVERSED - VOLCKER</TITLE>
+<DATELINE>    LOS ANGELES, March 12 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said current data does not give a clear sign that the
+deterioration in the U.S. trade balance has yet been reversed.
+    "The data we have in hand do not provide clearcut evidence
+that the deterioration in the trade balance has yet been
+reversed," Volcker said in remarks prepared for delivery to a
+luncheon for community leaders here.
+    However, Volcker said there are encouraging signs,
+particularly the rising volume of exports over the past year,
+achieved despite relatively slow growth abroad.
+    Volcker warned it is not sustainable from an economic
+perspective to pile up foreign debt while failing to make the
+investment needed to generate growth and earn the money to
+service the debt.
+    He said the process of restoring external balance to the
+U.S. economy requires dealing with the budget deficit. He said
+needed economic adjustment will require a relative shift of
+financial and real resources into internationally competitive
+industry. "More of our growth will need to be reflected in net
+exports and business investment and less in consumption,"
+Volcker said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9427" NEWID="4514">
+<DATE>12-MAR-1987 16:15:34.01</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0456&#31;reute
+u f BC-IOWA-BEEF-LIFTS-LOCKO   03-12 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IOWA BEEF LIFTS LOCKOUT AT DAKOTA CITY</TITLE>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>Iowa Beef Processors Inc is lifting a
+lockout at its Dakota City, Nebraska, processing plant and
+plans to resume operations March 16, United Food and Commercial
+Workers (UFCW) Union spokesman Allen Zack said.
+    Iowa Beef mailed a letter to members of UFCW Local 222
+informing them a lockout imposed by the company December 14
+would be lifted and meatpackers could return to work under Iowa
+Beef's "revised, last and best final offer," Zack said.
+    Iowa Beef had closed the plant indefinitely in mid-December
+because it said it had no alternative to threats by meatpackers
+to disrupt operations.
+    About 2,800 members of Local 222 are affected by the
+shutdown. A 3-1/2 year labor contract at the plant expired
+December 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9428" NEWID="4515">
+<DATE>12-MAR-1987 16:16:25.32</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0459&#31;reute
+f f BC-******N.Y.-BUSINESS-L   03-12 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>N.Y. BUSINESS LOANS FALL 718 MLN DLRS IN MARCH 4 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9429" NEWID="4516">
+<DATE>12-MAR-1987 16:16:31.27</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0460&#31;reute
+f f BC-******NEW-YORK-BANK-D   03-12 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEW YORK BANK DISCOUNT WINDOW BORROWINGS NIL IN MARCH 11 WEEK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9430" NEWID="4517">
+<DATE>12-MAR-1987 16:16:41.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0461&#31;reute
+d f BC-TONY-LOMA-CO-INC-&lt;TLA   03-12 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TONY LOMA CO INC &lt;TLAM> 4TH QTR</TITLE>
+<DATELINE>    EL PASO, Texas, March 12 -
+    </DATELINE><BODY>Shr profit nil vs loss 61 cts
+    Net profit 3,000 vs loss 1,148,000
+    Revs 18.4 mln vs 17.8 mln
+    Year
+    Shr loss 94 cts vs loss 28 cts
+    Net loss 1,762,000 vs loss 524,000
+    Revs 58.5 mln vs 67.3 mln
+    NOTE: 1986 net includes extraordinary gain of 569,000 dlrs
+or 30 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9431" NEWID="4518">
+<DATE>12-MAR-1987 16:16:57.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0463&#31;reute
+r f BC-allied   03-12 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-LYONS SEES NO CHANGE IN HIRAM WALKER STAKE</TITLE>
+<DATELINE>    TORONTO, March 12 - </DATELINE><BODY>Allied-Lyons PLC &lt;ALLD.L> and Canada's
+Reichmann brothers are working well together as partners and
+currently do not plan any change in their joint ownership of
+distiller Hiram Walker-Gooderham and Worts, Allied-Lyons
+chairman Derrick Holden-Brown said.
+    Allied-Lyons got 51 pct control of Hiram Walker-Gooderham
+last year for about 600 mln U.S. dlrs, while the Reichmanns'
+&lt;Gulf Canada Corp> acquired 49 pct in an out-of-court pact
+after a hostile battle for the wine and spirits division of
+&lt;Hiram Walker Resources Ltd>.
+    "We are getting along very well as partners ... I hope
+there won't be any change, but there could be," Holden-Brown
+told reporters after a speech in Toronto.
+    He said Allied-Lyons has a two-year call option that could
+force Gulf Canada to sell its 49 pct stake to Allied-Lyons, and
+Gulf Canada has a two-year put option that could obligate
+Allied-Lyons to buy its 49 pct.
+    "Both we and Gulf hope very much there will be no occasion
+for either the put or call to be exercised," Holden-Brown said.
+    In answer to a reporter's question, Holden-Brown said it
+would be possible for Gulf Canada to sell off part of its 49
+pct in a public offering with Allied-Lyons' consent. "I don't
+think we would have any objection to it," he added.
+    Allied-Lyons maintains control of Hiram Walker-Gooderham's
+board of directors and has total responsibility for its
+management. "We cannot contemplate giving up our control," he
+said.
+    Holden-Brown would not disclose how big a profit
+contribution the distiller will make in Allied-Lyons' financial
+results, but he said "it will be substantial."
+    "I am not able to give profit forecasts," he said.
+    Holden-Brown said Allied-Lyons was able to finance the
+Hiram Walker-Gooderham acquisition with cash and borrowings,
+and has no current plans for a stock issue.
+    He said the company is not currently negotiating any more
+acquisitions in Canada but has a team of officials evaluating
+possible purchases of wines, spirits, soft drinks or food
+concerns. "I don't think we shall be looking at the brewery
+scene (which is) highly concentrated already," he added.
+    Holden-Brown said Allied-Lyons plans to list its shares on
+Canadian stock exchanges, possibly later this year.
+             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9432" NEWID="4519">
+<DATE>12-MAR-1987 16:17:32.06</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0466&#31;reute
+b f BC-new-york-business-loa   03-12 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK BUSINESS LOANS FALL 718 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Commercial and industrial loans on the
+books of the 10 major New York banks, excluding acceptances,
+fell 718 mln dlrs to 64.87 billion in the week ended March 4,
+the Federal Reserve Bank of New York said.
+    Including acceptances, loans fell 581 mln dlrs to 65.63
+billion.
+    Commercial paper outstanding nationally dropped 13 mln dlrs
+to 336.02 billion.
+    National business loan data are scheduled to be released on
+Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9433" NEWID="4520">
+<DATE>12-MAR-1987 16:18:26.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A F
+&#22;&#22;&#1;f0472&#31;reute
+r f BC-MOODY'S-MAY-LOWER-ATL   03-12 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY LOWER ATLANTIC CITY ELECTRIC &lt;ATE></TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Moody's Investors Service said it is
+reviewing 648 mln dlrs of securities issued by Atlantic City
+Electric Co for a possible downgrade because of an unresponsive
+rate order from the New Jersey Board of Public Utilities.
+    The net effect of the Board's recent ruling was to reduce
+the company's rates by 15.9 mln dlrs, Moody's said.
+    Ratings under review include the company's first mortgage
+bonds and secured pollution control revenue bonds, currently
+AA-3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9434" NEWID="4521">
+<DATE>12-MAR-1987 16:18:38.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0474&#31;reute
+d f BC-EATON-VANCE-CORP-&lt;EAV   03-12 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EATON VANCE CORP &lt;EAVN> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    BOSTON, March 12 -
+    </DATELINE><BODY>Shr 53 cts vs 34 cts
+    Net 2,253,742 vs 1,332,652
+    Avg shrs 4,251,553 vs 3,932,064
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9435" NEWID="4522">
+<DATE>12-MAR-1987 16:18:53.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0475&#31;reute
+d f BC-FARM-CREDIT-STABILIZE   03-12 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM CREDIT STABILIZES FURTHER IN PLAINS STATES</TITLE>
+<DATELINE>    KANSAS CITY, March 12 - </DATELINE><BODY>Farm credit conditions showed
+further signs of stabilizing in the plains and mountain states
+during the fourth quarter of 1986, according to bankers
+surveyed by the Kansas City Federal Reserve Bank.
+    The rate of loan repayment improved as one of every four
+bankers reported higher loan repayment rates than a year ago.
+Respondents said interest rates continued to edge lower.
+    However, the decline in farm real estate values quickened
+after moderating through the year, dropping an average four
+pct. Farmland values averaged 14 pct lower than a year earlier
+and 55 pct below 1981's peak values.
+    The survey authors blamed the drop on depressed crop prices
+and uncertainty about the future of government crop programs.
+    Farm loan demand was the lowest since 1986 with only 13 pct
+of the survey respondents reporting an increase in loan demand.
+The also reported that 25 pct of the non-farm businesses in
+their areas were having severe financial problems, and said the
+rate of rural non-farm business closings was nearly three times
+higher than normal.
+    Over 150 bankers responded to the survey in the Tenth
+Federal Reserve District which includes all or parts of
+Colorado, Kansas, Missouri, Nebraska, New Mexico, Oklahoma and
+Wyoming.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9436" NEWID="4523">
+<DATE>12-MAR-1987 16:21:14.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0479&#31;reute
+s f BC-ADAMS-EXPRESS-CO-&lt;ADX   03-12 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADAMS EXPRESS CO &lt;ADX> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 12 -
+    </DATELINE><BODY>Div 12 cts vs 12 cts
+    Pay April 20
+    Record April 8
+    NOTE: company pays dividend of 12 cts three times annually
+with a bulk payment at the end of the fiscal year to equal
+annual dividend of 50 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9437" NEWID="4524">
+<DATE>12-MAR-1987 16:21:45.01</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0481&#31;reute
+u f BC-CARGILL-OFFICIAL-DEFE   03-12 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARGILL OFFICIAL DEFENDS CERTIFICATE PROGRAMS</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The use of generic in-kind commodity
+certificates has helped ease storage problems and is a
+necessary part of export promotion programs, a senior executive
+for the world's largest grain company said.
+    Testifying before the House Agriculture subcommittee on
+wheat, soybeans and feedgrains, Robbin Johnson, vice president
+of Cargill, Inc., disputed claims that U.S. grain companies
+have made huge profits from certificate trading.
+    "The certs program is not in any way a windfall to the
+trade," he said. Johnson said that Cargill has been dealing
+with a two pct spread in certificate transactions, and that
+this is within the normal grain marketing levels.
+    Johnson recognized current concern over the cost of
+certificates as compared to cash, but said that critics need to
+look more closely at the savings caused by certs, noting for
+example that widespread use of certs in the PIK and Roll
+marketing technique last summer helped ease storage costs.
+    Certificates are also an important part of any export
+promotion program, he said.
+    "The more you look at ways to expand export markets, the
+more you have to look at ways to expand certs to put more grain
+into the market to meet demand," he said.
+    Subcommittee chairman Dan Glickman (D-Kans.) said his
+committee would be looking at the certificate program later
+this year and studying the General Accounting Office report on
+certificate costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9438" NEWID="4525">
+<DATE>12-MAR-1987 16:22:08.52</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0483&#31;reute
+u f BC-HOUSE-SPEAKER-BACKS-O   03-12 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE SPEAKER BACKS OIL IMPORT FORECAST PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>House Speaker Jim Wright endorsed a
+proposal to require the president to take action to reduce oil
+imports if they threaten to top 50 pct of U.S. consumption.
+    Wright told reporters the plan by Sen. Lloyd Bentsen, a
+fellow Texas Democrat, was positive and useful. Oil imports
+peaked in 1977 at 47 pct, were short of 36 pct last year and
+this year are up over 40 pct, Bentsen said. 
+    The Bentsen proposal, supported by 24 other Senators, would
+would require the president to issue annual three-year oil
+import forecasts. In any year they threatened to top 50 pct, he
+would be ordered to propose quotas or other solution.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9439" NEWID="4526">
+<DATE>12-MAR-1987 16:22:24.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0485&#31;reute
+r f BC-ORBIS,-COCA-COLA,-GUL   03-12 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORBIS, COCA-COLA, GULF/WESTERN &lt;GW> IN DEAL</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Orbis COmmunications said it entered
+an agreement in principle to join Coca-Cola Co's &lt;KO>
+Telecommunications Inc unit and Gulf and Western Inc's
+Entertainment Group proposed venture to sell national barter
+advertising.
+    Under national barter advertising, a syndicator sells
+programs to a station for proceeds from national advertising
+instead of for cash.
+    The joint venture will be called International Advertising
+Sales and will handle the sale of advertising time for programs
+by all three companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9440" NEWID="4527">
+<DATE>12-MAR-1987 16:23:29.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0491&#31;reute
+r f BC-VIACOM-&lt;VIA>-FACES-"C   03-12 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIACOM &lt;VIA> FACES "COSBY SHOW" SUIT</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>&lt;Casey-Werner Co>, producer of "The
+Cosby Show," said it filed suit against Viacom International
+Inc, seeking assurances that it will receive its share of
+revenues from the show's syndication.
+    It said the debt burden placed on Viacom by the 3.4 billion
+dlr buyout proposal from &lt;National Amusements Inc> and Viacom's
+9.9 mln dlr 1986 loss may prevent it from paying Casey-Werner
+its money due from the show.
+    Casey-Werner sought assurances from Viacom that its share
+of the syndication will not go to Viacom's creditors. But it
+said Viacom declined to provide the assurance.
+    Alvin Schulman, an attorney representing Casey-Werner, said
+Viacom should receive about 450 mln dlrs total from the
+syndication rights to the show. Casey-Werner is entitled to
+about 66 pct of the funds, he said.
+    Schulman added that Viacom is due to receive in March and
+April an initial 40 mln dlrs from the syndication rights. To
+ensure Casey-Werner receives its share, the company filed suit,
+he said.
+    The suit asked the court to place all funds due
+Casey-Werner in a trust, and for Viacom to account for all
+funds received.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9441" NEWID="4528">
+<DATE>12-MAR-1987 16:24:16.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0494&#31;reute
+f f BC-******U.S.-SELLS-1-YE   03-12 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLS 1-YEAR BILLS AT AVERAGE 5.68 PCT, STOP 5.68 PCT, AWARDED AT HIGH YIELD 71 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9442" NEWID="4529">
+<DATE>12-MAR-1987 16:25:29.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>kenya</D><D>south-africa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0497&#31;reute
+d f AM-MOI 1STLD-(WRITETHROUGH)  03-12 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENYAN LEADER APPEALS FOR U.S. INVESTMENT</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>President Reagan today had talks
+with Kenyan President Daniel Arap Moi, who afterwards appealed
+for more U.S. investment in Kenya and a deeper American
+commitment to ending apartheid in South Africa.
+    A senior administration official said that during the talks
+Reagan stressed to Moi the importance of Kenya's maintaining
+its high standards on human rights.
+    The official said South Africa had not been a contentious
+issue in the talks and that the two leaders had found a lot of
+common ground on the issue. 
+    The administration has practiced a policy of "constructive
+engagement" with South Africa and accepted trade sanctions only
+after they had been imposed by Congress.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9443" NEWID="4530">
+<DATE>12-MAR-1987 16:25:57.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F A RM
+&#22;&#22;&#1;f0500&#31;reute
+f f BC-dome-petroleum   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOME PETROLEUM SAYS MAJORITY OF LENDERS SUPPORT DEBT RESTRUCTURING PLAN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9444" NEWID="4531">
+<DATE>12-MAR-1987 16:28:54.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0511&#31;reute
+f f BC-dome-petroleum   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOME SAYS DEBT PLAN ONLY ALLOWS IT TO STRUGGLE ON AT CURRENT OIL PRICES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9445" NEWID="4532">
+<DATE>12-MAR-1987 16:31:19.33</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0516&#31;reute
+f f BC-******U.S.-BANK-DISCO   03-12 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BANK DISCOUNT BORROWINGS AVERAGE 148 MLN DLRS A DAY IN MARCH 11 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9446" NEWID="4533">
+<DATE>12-MAR-1987 16:31:28.39</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0517&#31;reute
+f f BC-******U.S.-BANK-NET-F   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BANK NET FREE RESERVES 660 MLN DLRS IN TWO WEEKS TO MARCH 11, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9447" NEWID="4534">
+<DATE>12-MAR-1987 16:31:57.89</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0519&#31;reute
+f f BC-******U.S.-M1-FALLS-6   03-12 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. M1 FALLS 600 MLN DLRS IN MARCH 2 WEEK, FEB M2 DOWN 1.6 BILLION, M3 UP 3.0 BILLION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9448" NEWID="4535">
+<DATE>12-MAR-1987 16:32:22.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0522&#31;reute
+d f BC-&lt;PHOENIX-STEEL-CORP>   03-12 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PHOENIX STEEL CORP> IN NEW DEBT AGREEMENT</TITLE>
+<DATELINE>    CLAYMONT, Del., March 12 - </DATELINE><BODY>Phoenix Steel Corp said it
+reached a revised debt reorganization agreement under which its
+unsecured trade creditors would receive up to 50 cts on the dlr
+as well as a share in future profits or sale proceeds.
+    Phoenix said it arranged the new agreement with its major
+shareholder, &lt;Guardian Ventures>, and a committee representing
+its unsecured creditors. The pact, the company said, replaces a
+plan that was proposed last December.
+    The plan must be approved by April 1 by 80 pct of Phoenix's
+unsecured and other creditors, the company said.
+    Phoenix said the new plan increases the amount to be paid
+unsecured creditors to 50 cts from 40 cts on the dlr and adds
+terms for creditor participation in future profits or sale
+proceeds.
+    In exchange, the company said the creditors must agree not
+to sue the company or force it into involuntary bankruptcy.
+    The creditors must also withdraw claims against Phoenix,
+Guardian and others, Phoenix said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9449" NEWID="4536">
+<DATE>12-MAR-1987 16:32:51.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0525&#31;reute
+h f BC-PRINCEVILLE-&lt;PVDC>-TO   03-12 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRINCEVILLE &lt;PVDC> TO SELL ITS AIR OPERATION</TITLE>
+<DATELINE>    HONOLULU, March 12 - </DATELINE><BODY>Princeville Development Corp and
+&lt;Aloha Inc>, parent of Aloha Airlines Inc, jointly said they
+agreed to terms for the sale of Princeville Airways Inc to
+Aloha. Terms of the agreement were not disclosed.
+    Under the proposed sale, the companies said Aloha would
+acquire the entire Princeville Airways commuter operation and
+access to the Princeville Airport on the island of Kauai.
+    They said Princeville Airways is expected to operate as a
+subsidiary of Aloha Inc and will continue to use the
+Princeville Aiways name.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9450" NEWID="4537">
+<DATE>12-MAR-1987 16:32:57.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0526&#31;reute
+r f BC-NEW-HAMPSHIRE-SAVINGS   03-12 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW HAMPSHIRE SAVINGS &lt;NHSB> TO BUY BANK</TITLE>
+<DATELINE>    CONCORD, N.H., March 12 - </DATELINE><BODY>New Hampshire Savings Bank Corp
+said it agreed to buy &lt;Seashore Bankshares Inc> in an exchange
+of stock.
+    According to the terms of the deal, it said Seashore's
+61,000 shares will be exchanged for 9.8 mln dlrs of New
+Hampshire Savings stock.
+    It said Seashore Bankshares has assets of about 46 mln
+dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9451" NEWID="4538">
+<DATE>12-MAR-1987 16:33:04.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0527&#31;reute
+w f BC-INVACARE-&lt;IVCR>-WINS   03-12 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVACARE &lt;IVCR> WINS PATENT INFRINGEMENT CASE</TITLE>
+<DATELINE>    ELYRIA, Ohio, March 12 - </DATELINE><BODY>Invacare Corp said the Canadian
+Federal Court ruled in favor of it in a patent infringement
+action filed against Everest and Jennings Canadian Ltd.
+    The court ordered that Everest respond in an undisclosed
+amount of damages to Invacare for its actions.
+    A corresponding case is currently pending in the U.S.
+District Court for the Northern District of Illinois.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9452" NEWID="4539">
+<DATE>12-MAR-1987 16:33:17.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0528&#31;reute
+r f BC-SYSTEMS-ASSURANCE-&lt;SA   03-12 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYSTEMS ASSURANCE &lt;SAC> GETS MANAGEMENT CHANGES</TITLE>
+<DATELINE>    JENKINTOWN, Pa., March 12 - </DATELINE><BODY>Systems Assurance Corp said its
+board elected Charles Scott as chairman and chief executive
+officer.
+    He replaces Ronald Grant, who will remain a director with
+the company, Systems said.
+    Scott is president of Insurance Data Processing Inc &lt;IDP>,
+which is the majority stockholder of Systems Assurance, the
+company said.
+    Two new board members, John Kreisler and James McInerney,
+were named executive vice president and senior vice president
+at SAC, respectively, according to the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9453" NEWID="4540">
+<DATE>12-MAR-1987 16:33:47.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0530&#31;reute
+r f BC-CHRYSLER-&lt;C>-TO-PUT-F   03-12 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> TO PUT FOUR PLANTS ON OVERTIME</TITLE>
+<DATELINE>    DETROIT, March 12 - </DATELINE><BODY>Chrysler Corp's Chrysler Motors unit
+said it will put four of its U.S. assembly plants on overtime
+during the week of March 16.
+    Three of the plants will also operate Saturday, March 14,
+beyond the normal five-day work week.
+    Chrysler facilities at Newark, Del., Sterling Heights,
+Mich., Warren, Mich., and the Jefferson plant in Detroit will
+work overtime hours during the week. Newark, Sterling Heights
+and Jefferson will work Saturday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9454" NEWID="4541">
+<DATE>12-MAR-1987 16:34:43.79</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0531&#31;reute
+u f BC-fcoj-movements   03-12 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FCOJ MOVEMENT 3,915,370 GALLONS LAST WEEK</TITLE>
+<DATELINE>    WINTER HAVEN, FLA., March 12 - </DATELINE><BODY>Florida Citrus Processors
+Association said frozen concentrate orange juice movement into
+trade channels in the week ended March 7 totalled 3,915,370
+gallons versus 3,956,126 gallons in the week ended February 28
+and 4,284,693 gallons in the corresponding year-ago period.
+    There were 3,814,891 gallons of foreign imports last week
+versus 133,505 gallons the week before. Domestic imports last
+week were 306,031. Retail movement was 1,652,916 versus
+2,015,953 a year ago. Bulk movement was 1,934,494 against
+1,954,103 a year earlier.
+    Current season cumulative movement was 60,480,375 gallons
+versus 59,654,702 last year. Cumulative net pack for the season
+was 80,359,978 versus 74,071,755 a year ago. Inventory was
+83,422,435 versus 81,963,040 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9455" NEWID="4542">
+<DATE>12-MAR-1987 16:35:31.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0533&#31;reute
+r f BC-HARCOURT-BRACE-&lt;HBJ>   03-12 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARCOURT BRACE &lt;HBJ> MAY BE LOWERED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade 200 mln dlrs of debt of Harcourt Brace Jovanovich
+Inc.
+    The rating agency cited Harcourt Brace's recent aggressive
+acquisition activity and increasing leverage.
+    Harcourt Brace has offered 220 mln dlrs for Harper and Row
+Publishers, Moody's noted. This follows Harcourt's completed
+acquisitions of the publishing group of CBS Inc and Marineland.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9456" NEWID="4543">
+<DATE>12-MAR-1987 16:37:45.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0542&#31;reute
+h f BC-PACO-PHARMACEUTICAL-&lt;   03-12 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACO PHARMACEUTICAL &lt;PPS> OPENS ON NYSE</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Paco Pharmaceutical Services Inc said
+its common stock began trading today on the New York Stock
+Exchange.
+    The company's stock opened at 26-3/4 and closed at 26-1/8
+on 21,900 shares traded.
+      Paco said NASDAQ will continue to carry its common stock
+warrants due to expire Decmber 31 under the symbol &lt;PPSIW> and
+its convertible debentures issued February six under the symbol
+&lt;PPSIG>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9457" NEWID="4544">
+<DATE>12-MAR-1987 16:38:24.37</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0543&#31;reute
+b f BC-u.s.-money-supply-m-1   03-12 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. M-1 MONEY SUPPLY FALLS 600 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>U.S. M-1 money supply fell 600 mln
+dlrs to a seasonally adjusted 738.0 billion dlrs in the March 2
+week, the Federal Reserve said.
+    The previous week's M-1 level was revised to 738.6 billion
+dlrs from 738.5 billion, while the four-week moving average of
+M-1 rose to 737.1 billion dlrs from 736.8 billion.
+    Commenting on February growth of the broader monetary
+aggregates, the Fed said that M-2 fell 1.6 billion dlrs, while
+M-3 rose three billion. Economists polled by Reuters had
+projected a 900 mln dlr fall in M-1, a 1.8 billion dlr drop in
+M-2 and no change in M-3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9458" NEWID="4545">
+<DATE>12-MAR-1987 16:39:40.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0545&#31;reute
+u f BC-REAGAN-NORTH   03-12 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUDGE DISMISSES NORTH'S LAWSUIT CHALLENGING IRAN</TITLE>
+<DATELINE>    WASHINGTON, March 12, Reuter - </DATELINE><BODY>A U.S. judge today dismissed
+a lawsuit by fired White House aide Lt. Col. Oliver North
+seeking to halt a special prosecutor's investigation into the
+Iran arms scandal.
+    In a 21-page ruling, U.S. District Court Judge Barrington
+Parker threw out North's suit challenging the constitutionality
+of the law empowering special prosecutor  Walsh to investigate
+secret arms sales to Iran and the diversion of profits to
+"contra" rebels in Nicaragua.
+    "The nation demands an expeditious and complete disclosure
+of our government's involvement in the Iran-contra affair,"
+Parker ruled.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9459" NEWID="4546">
+<DATE>12-MAR-1987 16:40:30.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0548&#31;reute
+r f BC-dome-pete-debt-plan   03-12 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME &lt;DMP> SAYS MOST LENDERS SUPPORT DEBT PLAN</TITLE>
+<DATELINE>    CALGARY, Alberta, March 12 - </DATELINE><BODY>Dome Petroleum Ltd said a
+majority of a group of 56 major creditors support the company's
+revised proposal to restructure debt of more than 6.1 billion
+Canadian dlrs.
+    Outlining terms of the plan circulated to the lenders
+earlier this week, the company said it is seeking approval in
+principle for the proposal "within the next several weeks" in
+order to implement the debt rescheduling by June 30, 1987.
+    "Although at today's price levels it only allows the company
+to struggle on, benefits appear as oil prices rise," Dome
+chairman J. Howard Macdonald said in a statement.
+    "We believe the plan is a rational one, and will be valid
+under a range of circumstances," chairman Macdonald said.
+    The lenders previously agreed to an interim debt
+rescheduling until June 30 to allow Dome time to negotiate a
+long-term recapitalization.
+    The debt proposal is designed to ensure continued existence
+of the company, which would see lenders get maximum recovery of
+their loans, Dome said.
+    The plan would maintain debt levels within Dome's ability
+to pay, subject to minimum debt service levels for each lender.
+    Dome said the debt proposal offers measures such as equity
+conversion options and reclassification to lower interest
+bearing categories of debt to accomplish its objectives.
+    Under certain circumstances, lenders will have the option
+to convert all or part of their debt to common shares at a
+pre-determined conversion rate upon plan implementation.
+    The various conversion rates remain to be set through
+negotiations, and the company said it is impossible to predict
+the extent to which the conversion option will be exercised and
+the amount of dilution that may result.
+    Converting debt to common shares after the plan is
+implemented would be at a much higher conversion price, Dome
+said.
+    Common shareholders will be asked to approve the plan
+before it is put in place.
+    Debt that remains after share conversion will either
+receive scheduled payments based on contract interest rates and
+a 15 to 20 year pay-out, or interest rates indexed to oil
+prices. The company will use both an annual security-to-debt
+ratio test and a monthly cash flow test to classify which
+interest payments are paid on the different portions of debt.
+    To achieve a stable operating base for the company, the
+plan provides for deducting operating costs, capital
+expenditures and general and administrative expenses before the
+remaining available cash flow is distributed to lenders, Dome
+said.
+    The proposal also assumes efforts will continue to operate
+the business as efficiently as possible, it said.
+    As the company previously said, debt payments from cash
+flow be divided into two broad categories, secured and
+unsecured creditors.
+    Terms of the debt plan include paying institutional
+unsecured creditors, comprising mostly banks who hold private
+debt, from cash flow generated by unpledged assets. This
+portion will get a fixed low interest rate under a 15-year
+repayment schedule.
+    Remaining institutional unsecured debt will get paid
+through convertible, oil indexed unsecured debt that matures in
+20 years, or any available excess cash flow, or conversion to
+equity. Any institutional lender also has the option of taking
+all or part of its debt in common shares.
+    To offer public unsecured debtholders liquidity, Dome said
+they can also convert all or part of their debt to common
+shares when the plan is implemented. Any debt leftover would be
+exchanged for a convertible debenture with an interest rate
+linked to oil prices.
+    Secured creditors would get paid from cashflow generated by
+the assets pledged against their debt under a complex formula,
+the company said.
+    Any shortfalls under the formula could also be converted to
+oil-linked debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9460" NEWID="4547">
+<DATE>12-MAR-1987 16:41:37.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0550&#31;reute
+u f BC-VOLCKER-SEES-PROBLEMS   03-12 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER SEES PROBLEMS REMAINING IN SOME SECTORS</TITLE>
+<DATELINE>    LOS ANGELES, March 12 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said severe problems remain in some sectors of the U.S.
+economy despite progress in others.
+    "Severe problems in some sectors of the economy are all too
+obvious," he said in remarks prepared for delivery to a
+luncheon of business leaders here.
+    He said oil exploration and development, as well as
+agricultural prices, have been heavily affected by worldwide
+surpluses.
+    Commercial construction, he said, is suffering from earlier
+over-building in many areas.
+    More broadly, he said, there are distortions and imbalances
+in the U.S. economy that cut across many sectors.
+    "Unless dealt with effectively and forcibly, they will
+undermine all that has been achieved," Volcker warned.
+    He said one problem is that economic activity over the past
+two years has been supported largely by consumption.
+    He said that rising consumption was achieved at the expense
+of reduced personal savings. At the same time, he said, the
+huge Federal budget deficit is absorbing a disproportionate
+amount of the savings generated in the U.S.
+    Volcker said the adverse consequences of the combination of
+low savings rates and high Federal budget deficits have been
+escaped by drawing on capital from abroad.
+    He noted that the net flow of foreign capital into the U.S.
+in 1986 exceeded all the savings by U.S. households.
+    "That is a graphic demonstration of the extent to which
+our financial markets are hostage to possible changes in
+external attitudes and circumstances," Volcker said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9461" NEWID="4548">
+<DATE>12-MAR-1987 16:42:02.75</DATE>
+<TOPICS><D>gnp</D><D>cpi</D><D>reserves</D></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0552&#31;reute
+r f BC-bolivia-to-offer-to-b   03-12 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIVIA TO OFFER TO BUY BACK BANK DEBT</TITLE>
+<AUTHOR>    By Paul Iredale, Reuters</AUTHOR>
+<DATELINE>    LA PAZ, March 12 - </DATELINE><BODY>Bolivia is to make a formal offer during
+the next few months to buy back its 900 mln dlrs debt from
+commercial banks at a discount of up to 90 pct, central bank
+president Jier Nogales said.
+     Nogales told Reuters in an interview the steering
+committee of Bolivia's creditor banks had agreed to consider
+the offer at a meeting in New York last month.
+     He said the offer would be based on the value of Bolivian
+paper on the international secondary debt market, where it now
+trades at between 10 and 15 pct of its face value.
+    Nogales said Bolivia will make a single offer to buy back
+its commercial debt and banks who accepted would be paid the
+discounted rate in full.
+    Banks which declined the offer would be repaid over 20 to
+30 years at interest rates below those fixed in the
+international markets, he added.
+    Bolivia has frozen payments on medium and long term loans
+to commercial banks since March, 1984, and Nogales said there
+would be no money available to restart traditional debt
+servicing to them for some time.
+     Several Latin American countries have initiated schemes to
+cancel foreign debt by equity swaps or third party buy-backs,
+but Bolivia would be the first country in the region to make a
+formal offer to buy back all its commercial bank debt at
+discounted rates.
+    Nogales said practical and strategic considerations would
+determine the exact timing of the offer but it would be made in
+the next few months.
+     He said Bolivia would not bargain with creditor banks over
+the price to paid for the debt paper they hold, and would make
+a single non-negotiable offer.
+    He said Bolivia could not even pay interest to friendly
+creditor countries, let alone commercial banks. The only
+traditional way forward was to capitalise interest, which would
+mean greater bank exposure in Bolivia and greater loss
+provisions, he added.
+    "We are confident that the banks are going to be
+reasonable," Nogales said. "Now they can resolve their problems
+for once and for all."
+    "The most conservative ones who want a little more will
+wait a year, but I don't know if the window of opportunity will
+be open all the time," he added.
+    Discussing the status of other parts of Bolivia's four
+billion dlr foreign debt, 2.5 billion of which is owed to
+governments and the rest to international agencies, Nogales
+said negotiators had achieved considerable success in recent
+discussions with the Paris Club.
+     He said Paris Club creditors had agreed to reschedule
+Bolivian debt over 10 years with five to six years grace, while
+accepting that interest would not be paid until 1989. Interest
+rates were being discussed on a bilateral basis under Paris
+Club rules, he added.
+     He said some Paris Club members had agreed to disregard
+penalty interest payments and negotiations were continuing with
+Argentina and Brazil, who hold 700 mln dlrs of Bolivian debt.
+    He said Bolivia was continuing to service loans from
+international agencies, and it expected to receive up to 400
+mln dlrs in disbursements this year.
+    The capital flow for loans and their servicing had changed
+from a negative balance of 250 mln dlrs in 1985 to a net inflow
+of 130 mln dlrs last year, he added.
+    Nogales said that Bolivia's net international reserves now
+stood at around 250 mln dlrs, compared to one mln dlrs in
+disposable funds when the government of Victor Paz Estenssoro
+took office in August, 1985.
+    Nogales said inflation, which soared to over 20,000 pct a
+year in the government's first month in office, was now down to
+10 pct on an annualised basis from the last six months, and the
+plan was that it should continue at this level.
+    He said the government was also expecting at least three
+pct growth in gdp this year after several years of negative
+rates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9462" NEWID="4549">
+<DATE>12-MAR-1987 16:42:41.29</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>oilseed</D><D>soybean</D><D>cotton</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0554&#31;reute
+r f BC-U.S.-MARKET-LOAN-NOT   03-12 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MARKET LOAN NOT THAT ATTRACTIVE-BOSCHWITZ</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>A marketing loan for U.S. wheat,
+feedgrains and soybeans would do nothing to help the surplus
+production situation and would be extremely costly, Sen. Rudy
+Boschwitz (R-Minn.) said.
+    "I think I would not support a marketing loan now," he told
+the House agriculture subcommittee on wheat, soybeans and
+feedgrains. Boschwitz was one of the original supporters of a
+marketing loan for cotton and rice, but has since focused
+support on decoupling legislation, the Boren/Boschwitiz bill.
+    A market loan for grains and soybeans would encourage more
+production, especially in high-yielding areas, would be much
+more expensive than the current cotton and rice marketing loans
+and not increase exports significantly, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9463" NEWID="4550">
+<DATE>12-MAR-1987 16:42:50.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0555&#31;reute
+h f BC-FARM-EQUIPMENT-RETAIL   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM EQUIPMENT RETAIL SALES FALL IN FEBRUARY</TITLE>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>Sale of farm wheel tractors in February
+declined 26.7 pct to 4,123 units from 5,627 units a year ago,
+reported the Farm and Industrial Equipment Institute.
+    Year to date, total tractor sales fell 21.7 pct to 10,354
+units from 13,231 units a year ago.
+    The trade group said in the two-wheel drive sector, 2,477
+under 40 horsepower tractors were sold compared to 2,479 a year
+ago during the month, while in the 40 to 100 horsepower sector,
+1,323 units were sold compared to 1,810 units.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9464" NEWID="4551">
+<DATE>12-MAR-1987 16:44:19.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0558&#31;reute
+u f BC-AMVESTORS-FINANCIAL-&lt;   03-12 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMVESTORS FINANCIAL &lt;AVFC> SETS STOCK DIVIDEND</TITLE>
+<DATELINE>    TOPEKA, Kan., March 12 - </DATELINE><BODY>AmVestors Financial Corp said it
+declared a 25 pct stock dividend payable June 19 to holders of
+record June one, subject to an increase in authorized shares.
+    It said shareholders will vote at the April 23 annual
+meeting to increase authorized shares to 25 mln from 10 mln.
+    The company also said it plans to pay an initial quarterly
+dividend of five cts a share on the shares.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9465" NEWID="4552">
+<DATE>12-MAR-1987 16:44:51.68</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0560&#31;reute
+u f BC-U.S.-HOUSE-PANEL-APPR   03-12 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PANEL APPROVES TRADE BILL</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The House Ways and Means Trade 
+Subcommittee unanimously approved a toned-down version of
+legislation designed to toughen U.S. trade laws and wedge open
+foreign markets to more U.S. goods.
+    The measure now goes to the full House Ways and Means
+Committee next week, but major changes are not expected,
+congressional sources said.
+    "This product could very well be toughening our trade policy
+and doing it in a manner that opens markets without this
+frightening word 'protectionism'," Ways and Means chairman Dan
+Rostenkowski, an Illinois Democrat said.
+    The trade subcommittee backed away from mandating specific
+retaliation against foreign countries for unfair foreign trade
+practices as the House had approved in a trade bill last year.
+    But it held over for the full Ways and Means Committee
+debate on a controversial plan by Rep. Richard Gephardt to
+mandate a reduction in trade surpluses with the U.S. by
+countries such as Japan, South Korea and Taiwan.
+    Gephardt, a Missouri Democrat, has not decided the exact
+form of his amendment, an aide said. Last year the House
+approved his idea to force an annual ten pct trade surplus cut
+by those countries. 
+    The trade bill will be wrapped in with legislation from
+other committees dealing with relaxation of export controls,
+incentives for research, expanded worker training and education
+and other efforts to increase U.S. competitiveness.
+    The comprehensive trade bill is to be considered by the
+full House in late April and then will be considered by Senate
+committees.
+    It requires President Reagan to retaliate against foreign
+unfair trade practices but do not mandate quotas or tariffs and
+allow an exemption if U.S. economic security would be harmed by
+U.S. actions against other countries.
+    The bill would make it easier for U.S. industries to win
+relief from surges of imports of competitive products.
+    It extends until January 1993, the administration's
+authority to negotiate trade agreements as part of the new
+round of multilateral talks under the General Agreements on
+Tariffs and Trade.
+    And, it includes provisions to tighten trade rules on
+copyrights, patents and telecommunications goods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9466" NEWID="4553">
+<DATE>12-MAR-1987 16:46:24.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0566&#31;reute
+d f BC-ROCHESTER-GAS-&lt;RGS>-O   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCHESTER GAS &lt;RGS> OFFERED PRD SHARES</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 12 - </DATELINE><BODY>Rochester Gas and Electric Corp
+said 300,000 shares of 8.25 pct preferred stock, series R, will
+be offered at 100 dlrs per share plus accrued dividends, if
+any, from the date of the original issue.
+    It said The First Boston Corp &lt;FBC> and &lt;E.F. Hutton and Co
+Inc> are co-underwriters of the issue.
+    It said net proceeds of the offering will be used to redeem
+its 10.84 pct preferred stock, series G, which is currently
+callable at 107 dlrs per share and for other corporate
+purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9467" NEWID="4554">
+<DATE>12-MAR-1987 16:47:15.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0568&#31;reute
+d f BC-STANDARD-LOGIC-INC-&lt;S   03-12 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD LOGIC INC &lt;STDL> 1ST QTR LOSS</TITLE>
+<DATELINE>    CORONA, Calif., March 12 - </DATELINE><BODY>Qtr ends Jan 30
+    Oper shr loss 45 cts vs profit 44 cts
+    Oper Net loss 225,815 vs profit 219,593
+    Revs 175,247 vs 827,748
+    NOTE: oper net 1987 excludes loss from discontinued
+operations of 125,047 vs loss 34,055 for prior qtr.
+    excludes tax carryforward 150,000 for prior qtr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9468" NEWID="4555">
+<DATE>12-MAR-1987 16:48:07.86</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0572&#31;reute
+u f BC-INFLATION-STILL-A-CON   03-12 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INFLATION STILL A CONCERN, VOLCKER SAYS</TITLE>
+<DATELINE>    LOS ANGELES, March 12 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said both the Fed and the financial markets remain
+concerned about the possibility of renewed inflation.
+    "A possibility of renewed inflation remains of concern,
+both in the markets and within the Federal Reserve," he said in
+remarks prepared for delivery to a group of business leaders
+here.
+    He said one potential channel for renewed inflationary
+pressures would be an excessive fall of the dollar in the
+exchange markets, which would push import prices up sharply.
+    He said participants in financial markets and business
+remain skeptical of prospects for lasting price stability.
+    "Should the skepticism about our ability to resist
+inflation be reinforced by bad policy, the consequences for
+interest rates, for exchange rates, and for the economy
+generally would clearly be undesirable...recognition of that
+danger neccesarily must weigh heavily in the formation of
+monetary policy," the Fed chairman said.
+    Volcker said attempts to drive the dollar much lower would
+undermine the hard won gains against inflation and would risk
+dissipating the flow of foreign capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9469" NEWID="4556">
+<DATE>12-MAR-1987 16:48:48.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0575&#31;reute
+u f BC-GEORGIA-PACIFIC-&lt;GP>   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEORGIA-PACIFIC &lt;GP> TO REDEEM PREFERRED ISSUES</TITLE>
+<DATELINE>    ATLANTA, March 12 - </DATELINE><BODY>Georgia-Pacific Corp said it will
+redeem all 3,267,019 shares of its outstanding series A, B, B
+second issue and C adjustible rate convertible preferred stock
+on April 15.
+    The company said it will redeem all four series at 39 dlrs
+a share, plus nine cts in dividends accrued from April one to
+April 15.
+    First quarter preferred dividends will be paid separately
+on April one to holders of record March six, the company said.
+    It said holders may convert each share of their preferred
+stock into one share of common through April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9470" NEWID="4557">
+<DATE>12-MAR-1987 16:50:51.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0583&#31;reute
+r f BC-NZI-CORP-UNIT-SELLS-G   03-12 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NZI CORP UNIT SELLS GUARANTEED NOTES AT 8.36 PCT</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>NZI Capital Corp, a unit of &lt;NZI
+Corp>, is offering 150 mln dlrs of guaranteed notes due 1997
+yielding 8.36 pct, said sole manager Kidder, Peabody and Co
+Inc.
+    The notes have an 8-1/4 pct coupon and were priced at
+99.261 to yield 115 basis points more than comparable Treasury
+securities. Non-callable for seven years, the issue is rated
+A-2 by Moody's Investors Service Inc and A-plus by Standard and
+Poor's Corp.
+    The notes will be listed on the New York Stock Exchange.
+NZI is an insurance company in New Zealand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9471" NEWID="4558">
+<DATE>12-MAR-1987 16:51:20.76</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0585&#31;reute
+b f BC-******UNOCAL-RAISES-M   03-12 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNOCAL RAISES MOST CRUDE PRICES 50 CTS, TODAY, WTI AT 17.50 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9472" NEWID="4559">
+<DATE>12-MAR-1987 16:52:21.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0588&#31;reute
+f f BC-cantire   03-12 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COURT UPHOLDS SECURITIES PANEL DECISION TO BLOCK CTC DEALERS' CANADIAN TIRE OFFER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9473" NEWID="4560">
+<DATE>12-MAR-1987 16:59:03.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0602&#31;reute
+s f BC-SHAWMUT-CORP-&lt;SHAS>-S   03-12 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAWMUT CORP &lt;SHAS> SETS REGULARY DIVIDEND</TITLE>
+<DATELINE>    BOSTON, March 12 - 
+    </DATELINE><BODY>Qtly div 51 cts vs 51 cts prior
+    Pay April one
+    Record March 23
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9474" NEWID="4561">
+<DATE>12-MAR-1987 17:01:20.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0611&#31;reute
+b f BC-******KENNETH-DUBERST   03-12 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>KENNETH DUBERSTEIN TO BE DEPUTY WHITE HOUSE CHIEF OF STAFF, OFFICIALS SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9475" NEWID="4562">
+<DATE>12-MAR-1987 17:01:26.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0612&#31;reute
+u f BC-ANGLO-AMERICAN-&lt;AIVJ.   03-12 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANGLO AMERICAN &lt;AIVJ.J> YEAR TO DEC 31</TITLE>
+<DATELINE>    JOHANNESBURG March 13 -
+    </DATELINE><BODY>Shr 516 cts vs 347
+    Final div 135 vs 125 making 190 vs 180
+    Pre-tax 133 mln rand vs 137 mln
+    Net 260 mln vs 172 mln
+    Tax 76 mln vs 42 mln
+    Att to outside shareholders 96 mln vs 53 mln
+    Pref div 1 mln vs same
+    Turnover 3.14 billion vs 2.56 billion
+    Div pay May 8, register March 27.
+    Note - Full name is Anglo American Industrial Corp Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9476" NEWID="4563">
+<DATE>12-MAR-1987 17:02:16.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0617&#31;reute
+r f BC-WISCONSIN-ELECTRIC-&lt;W   03-12 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WISCONSIN ELECTRIC &lt;WTC> TO CALL PREFERRED</TITLE>
+<DATELINE>    MILWAUKEE, March 12 - </DATELINE><BODY>Wisconsin Energy Corp's Wisconsin
+Electric Power Co said it will redeem its 100 dlr par value
+serial preferred stock on April 14.
+    Wisconsin Electric said it will redeem 333,325 shares of
+its 8.9 pct preferred at 101 dlrs a share, 225,810 shares of
+its 7.75 pct preferred at 101 dlrs a share, and 140,967 shares
+of its 8.8 pct preferred at 105.87 dlrs a share.
+    The redemption will be financed from a new issue of the
+company's preferred stock.
+    First Wisconsin Trust Co will be the redemption agent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9477" NEWID="4564">
+<DATE>12-MAR-1987 17:03:19.49</DATE>
+<TOPICS><D>l-cattle</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0622&#31;reute
+d f BC-media-summary   03-12 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIVE CATTLE RALLY AS LOCKOUT AT MEAT PLANT ENDS</TITLE>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>Live cattle futures posted a robust
+rally today after a major beef packing company said it would
+end a lockout at its slaughtering plant in Dakota City, Neb.
+    April delivery cattle on the Chicago Mercantile Exchange
+closed at 64.45 cents a pound, up 0.83 cent, as the market
+expected demand for live animals to increase as the plant
+restarts operations.
+    Iowa Beef Processors, a division of Occidental Petroleum,
+said it planned to reopen the plant, one of the largest in the
+nation, on March 16. The plant has been closed since Dec. 14,
+the day after a contract between IBP and Local 222 of the
+United Food and Commercial Workers Union expired.
+    The plant employs 2,800 workers and can slaughter several
+thousand animals a day, a company spokesman said.
+    The company said it locked out union workers because they
+threatened to disrupt operations. It was unclear whether union
+meatpackers would return to work. They rejected the company's
+latest contract offer March 5.
+    Traders said cattle prices advanced at midsession as rumors
+circulated that the lockout was ending, and gains were further
+fueled by a noticeable increase in demand for live animals on
+cash markets in Nebraska and the Texas Panhandle.
+    The rally in cattle also boosted values of live hogs and
+frozen pork bellies, which also were supported by indications
+that producers were expanding their hog herds at a slower rate
+than previously expected.
+    Petroleum futures posted a modest rally on the New York
+Mercantile Exchange.
+    But a report that the Soviet Union planned to reduce the
+price of its crude oil exports may pressure the market Friday,
+said Nauman Barakat, petroleum analyst in New York with Smith
+Barney, Harris Upham and Co.
+    Buying by companies that deal in petroleum helped prices
+recover from early weakness, traders said.
+    Gold futures rallied, partly in response to strength in the
+silver market, on the Commodity Exchange in New York. Silver
+prices rallied after a U.S. brokerage house recommended its
+customers buy the metal, traders said.
+    Coffee futures drifted lower in response to a report that
+Colombia lowered the price of its exports, traders said.
+    Sugar prices closed slightly higher on the Coffee, Sugar
+and Cocoa Exchange despite a large export sale by the European
+Commission on Wednesday.
+    Soybeans were higher, wheat lower and corn mixed on the
+Chicago Board of Trade.
+    Soybeans were boosted by expectations that the Agriculture
+Department would report a healthy signup for the Conservation
+Reserve Program, which pays farmers to leave highly erodible
+land idle instead of planting a crop, traders said.
+    Concern that a strike by Brazilian seamen might interrupt
+exports of soybeans from Brazil, where the harvest is just
+beginning, also underpinned prices, they said.
+    Wheat prices were pressured by selling in response to
+trends on price charts, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9478" NEWID="4565">
+<DATE>12-MAR-1987 17:04:40.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0627&#31;reute
+b f BC-NORTEL   03-12 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NORTHERN TELECOM TO REDEEM CLASS A SERIES ONE PREFERREDS ON APRIL 27
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9479" NEWID="4566">
+<DATE>12-MAR-1987 17:06:57.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0634&#31;reute
+r f BC-MOODY'S-CONFIRMS-PUBL   03-12 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S CONFIRMS PUBLIC SERVICE ELECTRIC &lt;PEG></TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Moody's Investors Service said it has
+confirmed its ratings on about 4.4 billion dlrs of outstanding
+securities of Public Service Electric and Gas Co, a unit of
+Public Service Enterprise Group Inc.
+    The ratings include Aa3-rated first and refunding mortgage
+bonds, secured pollution control revenue bonds and Eurobonds.
+    Although Public Service recently received a disappointing
+rate order from the New Jersey Board of Public Utilities, the
+agency believes the company's strong financial management
+should help maintain debt-protection measurements within
+current levels over the next few years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9480" NEWID="4567">
+<DATE>12-MAR-1987 17:08:40.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0635&#31;reute
+u f BC-JAPAN-FUND-&lt;JPN>-TO-P   03-12 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FUND &lt;JPN> TO PROPOSE CONVERSION</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Japan Fund Inc said its board would
+recommend at its April 23 stockholders meeting that the Fund be
+converted to a no-load open-end fund.
+    If approved, the Fund said a redemption fee of one pct of
+net asset value will be imposed on redemptions for a period of
+time not to exceed six months after open-ending.
+    It said such a redemption fee is designed to cover
+trasaction costs related to early redemptions and will remain
+in the assets of the Fund.
+    It said Shearson Lehman Brothers is serving as its
+financial advisor.
+    In a prepared statement, Jonathan Mason, Japan Fund's
+chairman, said "open-ending, which is timely, given the
+expansion of the Japanese stock markets, particularly in the
+last few years, will eliminate the discount from net asset
+value and will afford investors the continuing opportunity for
+investment in Japan through the Japan Fund."
+    Japan Fund said it proposed the conversion to an open-end
+fund after rejecting a takeover offer of about 525 mln dlrs
+from an investment group led by T. Boone Pickens III, son of
+the Texas oilman.
+    The investor group, whose other members include &lt;Sterling
+Grace Capital Fund LP> and &lt;Anglo American Security Fund LP>,
+could not be reached tonight for comment.
+    When it made its takeover offer on March 3, the group said
+it owned 1.4 mln shares, or about 4.9 pct, of the fund's
+outstanding stock.
+    Asked to comment on the rejection of the investor group's
+offer, a Japan Fund spokeswoman said, "The board decided that
+an open-end fund was preferable."
+    The spokeswoman, Davia B. Temin, said no other comments
+would be made on the offer.
+    She also declined to provide details on other options Japan
+Fund said previously that it would consider along with the
+takeover bid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9481" NEWID="4568">
+<DATE>12-MAR-1987 17:09:35.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0638&#31;reute
+h f BC-GENERAL-ELECTRIC-&lt;GE>   03-12 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC &lt;GE> NEW JET ENGINE TESTED</TITLE>
+<DATELINE>    EVENDALE, Ohio, March 12 - </DATELINE><BODY>General Electric said its
+unducted fan jet engine lived up to expectations in recently
+completed tests on a Boeing Co &lt;BA> 727 airplane.
+    The engine, which contains two sets of counter-rotating fan
+blades, marks an advance over conventional engines built with
+ultra high bypass ducted fans. The testing was a joint effort
+of GE and Boeing, using technical and financial support from
+the National Aeronautics and Space Administration, NASA, the
+company said.
+    The company said the engine has fuel savings of 40 to 70
+pct over those used in aircraft used today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9482" NEWID="4569">
+<DATE>12-MAR-1987 17:10:53.68</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0642&#31;reute
+d f BC-PERMIAN-BASIN-&lt;PBT>-P   03-12 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERMIAN BASIN &lt;PBT> PROVEN RESERVES FALL</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 12 - </DATELINE><BODY>Permian Basin Royalty Trust
+said that as of December 31, 1986, its estimated proved
+reserves totaled 18.5 mln barrels of oil and 52.9 mln MCF, or
+thousand cubic feet, of gas.
+    This compares with yearend 1985 proved reserves estimates
+of 26.4 mln barrels of oil and 78.6 mln MCF of gas, Permian
+said.
+    Permian said December 1986 future net revenues from proved
+reserves were 335.6 mln dlrs, down from 814.2 mln dlrs in 1985.
+    Permian said the present value of estimated future net
+revenues discounted at 10 pct is 165.3 mln dlrs, compared with
+374.3 mln dlrs.
+    It said the downward revisions in both proved reserves and
+estimated future net revenues resulted from decreased prices for
+oil and gas.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9483" NEWID="4570">
+<DATE>12-MAR-1987 17:11:13.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0644&#31;reute
+u f BC-WITCHING   03-12 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC ASKS NYSE TO TIGHTEN TRIPLE WITCHING PROCESS</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The Securities and Exchange
+Commission asked the New York Stock Exchange to tighten an
+experimental procedure used in the past six months to dampen
+volatility linked to the so-called "triple-witching hour."
+    The Big Board has been collecting and publicizing
+information on large imbalances of "market-on-close" (MOC)
+orders placed on 50 major stocks one-half-hour before closing
+on so-called expiration Fridays in September and December.
+    Expiration Fridays, or triple witching hours, occur every
+three months when stock options, stock index options and
+futures on index options expire simultaneously.
+    As aribrageurs liquidated their futures and options on
+previous expiration Fridays, they sold huge amounts of stock
+which they had used to offset their positions.
+    The huge sell orders, which usually entered the market in
+the final frantic minutes on expiration Fridays triggered wild
+price swings in the 50 stocks which serve as the basis for the
+options and futures.
+    The gyrations prompted the SEC last September to request
+that the Big Board ask its members submit all MOCs by 1530 hrs
+on expiration Fridays, which would then be made public, giving
+the market a half-hour to settle order imbalances.
+    But in a March 12 letter to NYSE President Robert Birnbaum,
+SEC Director of Market Regulation cited problems in the
+experimental procedure during the Dec 19 expiration Friday.
+    A large number of MOC buy orders were not placed until
+after 1530 EST on Dec 19, which helped send the Dow Jones
+Industrial Average up 21 points in the final minutes of the day
+to a 14.20-point gain on the day, Ketchum said.
+    Citing the SEC's concern about such trading, Ketchum asked
+the exchange to tighten its procedure by not accepting any
+pre-existing MOC orders after 1530 if they could have been
+placed earlier.
+    The new restriction, which SEC officials said merely
+clarifies the terms of the existing experimental procedure,
+would bar the liquidation of stocks through MOC orders for
+arbitrage purposes after 1530 hrs, even if they offset other
+reported order imbalances in those stocks.
+    The only MOC orders the SEC will allow to be placed after
+1530 EST on March 20, the next expiration Friday, are those
+that are received by Big Board member firms after 1530 EST and
+which help reduce existing order imbalances, Ketchum said.
+    If there are no published imbalances in a particular stock,
+no MOC orders will be accepted in that stock, he said.
+    "If dissemination of MOC orders is to provide an accurate
+indication of true order imbalances, then all existing MOC
+orders must be submitted by 3:30 p.m. and only those new MOC
+orders responding to reported imbalances can be permitted,"
+Ketchum said.
+    The letter did not say how the SEC or the NYSE would
+determine the difference between pre-existing MOC orders that
+would be barred, and new MOC orders that would be allowed to
+reduce imbalances. But an SEC official said the agency hopes
+the NYSE and its members would adhere to the rules "in a spirit
+of cooperation."
+ REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9484" NEWID="4571">
+<DATE>12-MAR-1987 17:12:38.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0649&#31;reute
+u f AM-DUBERSTEIN-TO-BE-DEPU   03-12 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUBERSTEIN TO BE DEPUTY WHITE HOUSE CHIEF/STAFF</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>Former White House aide Kenneth
+Duberstein has been chosen to be President Reagan's deputy
+chief of staff, administration officials said.
+    Duberstein, who is now a Washington lobbyist, previously
+served in the Reagan White House as head of the president's
+congressional liaison team.
+    As top assistant to White House chief of staff Howard
+Baker, he will handle administrative chores and serve as a
+contact point between the White House and Congress, officials
+told Reuters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9485" NEWID="4572">
+<DATE>12-MAR-1987 17:15:15.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0662&#31;reute
+r f BC-NORTHERN-TELECOM-&lt;NT>   03-12 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN TELECOM &lt;NT> TO REDEEM SOME PREFERREDS</TITLE>
+<DATELINE>    TORONTO, March 12 - </DATELINE><BODY>Northern Telecom Ltd said it would
+redeem its outstanding 2.1875 Canadian dlr cumulative
+redeemable retractable class A series one preferred shares on
+April 27 at 26.50 Canadian dlrs a share plus accrued dividends
+of 0.012 dlrs a share.
+    Northern Telecom issued the 4.4 mln shares in 1984 at 25
+dlrs a share for total consideration of 110 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9486" NEWID="4573">
+<DATE>12-MAR-1987 17:15:25.68</DATE>
+<TOPICS><D>gnp</D><D>cpi</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0663&#31;reute
+r f BC-venezuelan-president   03-12 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELAN PRESIDENT DEFENDS REFINANCING ACCORD</TITLE>
+<DATELINE>    Caracas, march 12 - </DATELINE><BODY>president jaime lusinchi defended the
+20.3 billion dlr debt rescheduling accord his government
+recently signed, saying it will open new credit flows and bring
+needed foreign investment to venezuela.
+    In his annual state of the nation speech, lusinchi also
+said venezuela supports other latin american debtors, despite
+having reached a rescheduling accord on its own.
+    In the 90-minute speech to the congress, lusinchi summed up
+the achievements of his administration, which took office in
+february 1984. He pointed to the 3.3 pct growth in non-oil gdp
+in 1986 and to a "moderate" 12 pct inflation rate.
+    Lusinchi said the 20.3 billion dlr debt rescheduling signed
+feb. 27 put an end to a process which had been 'the calvary of
+our nation over the post four years.'
+    In the refinancing accord, he said, venezuela managed to
+achieve 'the most inmportant thing, which is the reopening of
+financial flows from abroad, essential for the financing of
+development and the (financing) of trade and investment.'
+    Once all the details of the agreement are finalized, he
+said, venezuela will seek new financing for the imported
+components of new development projects.
+    "our intention is not to continue being net exporters of
+capital, but to protect our balance of payments with a flow of
+capital towards venezuela," he said.
+    Under the agreement signed february 27, venezuela extended
+payments on the debt from 12 to 14 years, while the interest
+rate was lowered from 1 y 1/8 to 7/8 of a pct over libor.
+    At the same time, payments over the next three years were
+lowered from 3.450 to 1.350 billion dlrs.
+    Lusinchi defended the rescheduling accord against critics
+who said it merely deferred the weight of payments to future
+governments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9487" NEWID="4574">
+<DATE>12-MAR-1987 17:17:52.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0669&#31;reute
+d f BC-ANGLO-AMERICAN-&lt;AIVJ.   03-12 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANGLO AMERICAN &lt;AIVJ.J> YEAR TO DEC 31</TITLE>
+<DATELINE>    JOHANNESBURG March 13 -
+    </DATELINE><BODY>Shr 516 cts vs 347
+    Final div 135 vs 125 making 190 vs 180
+    Pre-tax 133 mln rand vs 137 mln
+    Net 260 mln vs 172 mln
+    Tax 76 mln vs 42 mln
+    Att to outside shareholders 96 mln vs 53 mln
+    Pref div 1 mln vs same
+    Turnover 3.14 billion vs 2.56 billion
+    Div pay May 8, register March 27.
+    Note - Full name is Anglo American Industrial Corp Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9488" NEWID="4575">
+<DATE>12-MAR-1987 17:19:44.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0676&#31;reute
+u f BC-BRAZIL-NEEDS-MORE-EXT   03-12 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL NEEDS MORE EXTERNAL FINANCING - VOLCKER</TITLE>
+<DATELINE>    LOS ANGELES, March 12 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said that Brazil will need more external financing to
+work its way out of its current debt crisis than earlier
+anticipated.
+    "External financing will have to be found in larger amounts
+than anticipated a few months ago," he said in remarks prepared
+for a business leader luncheon.
+    Volcker said that financing, however, must take place along
+with policies that come to grips with Brazil's internal
+difficulties.
+    Volcker said Brazil has a lot more negotiating to do with
+international institutions and its bank creditors but added
+that a solution to its financial problems can be found.
+    "The predicate for these negotiations has to be effective
+policy at home (in Brazil)," Volcker told reporters.
+    "Brazil, it seems to me, has a strong self interest in
+restoring a more normal situation (on interest payments) so
+that it can continue to participate freely in trade with the
+rest of the world - and it has so indicated," Volcker said in
+his prepared remarks.
+    Brazil suspended interest payments on its debt last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9489" NEWID="4576">
+<DATE>12-MAR-1987 17:21:43.55</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0680&#31;reute
+r f BC-UNOCAL-&lt;UCL>-RAISES-C   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOCAL &lt;UCL> RAISES CRUDE OIL POSTINGS</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Unocal Corp said it raised the
+contract price it will pay for most grades of crude oil 50 cts
+a barrel, effective today.
+    The increase brings Unocal's posted price for the U.S.
+benchmark grade West Texas Intermediate to 17.50 dlrs a barrel.
+It also brought the price for West Texas Sour to 17.50 dlrs a
+bbl. Light Louisiana Sweet was also raised 50 cts to 17.85
+dlrs/bbl.
+    Unocal last changed its crude postings on March four, and
+brings it price in line with other major companies, which have
+been raising prices steadily in recent weeks.
+    The increase also represents the latest in a series of
+increases that began with USX Corp's &lt;X> Marathon Petroleum
+Corp's notification yesterday evening that, effective today, it
+raised its crude postings 50 cts a barrel, bringing its
+contract price for WTI to 17.50 dlrs a barrel.
+    Earlier today, Sun Co &lt;SUN>, Phillips Petroleum &lt;P> and
+Diamond Shamrock &lt;DIA> also said they raised their crude
+postings 50 cts a barrel, bringing their WTI contract price to
+17.50 dlrs a barrel.
+    Contract prices have risen in response to higher spot
+market prices, oil traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9490" NEWID="4577">
+<DATE>12-MAR-1987 17:24:48.72</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0695&#31;reute
+r f BC-MEATPACKERS-RESPOND-T   03-12 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEATPACKERS RESPOND TO OCCIDENTAL&lt;OXY> OFFER</TITLE>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>Local 222 of the United Food and
+Commercial Workers Union said it is calling a membership
+meeting, possibly Sunday, to discuss its response to a decision
+by Iowa Beef Processors Inc to lift a lockout at its Dakota
+City, Nebraska plant and resume operations.
+    The UFCWU will consider all options available to it
+including a strike or returning to work under IBP's last labor
+contract proposal, a spokeswoman for Local 222 said by phone.
+    About 2,800 UFCWU members have been locked out at the
+Dakota City plant since December 14.
+    IBP is a subsidiary of Occidental Petroleum Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9491" NEWID="4578">
+<DATE>12-MAR-1987 17:29:29.94</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0704&#31;reute
+b f BC-******CITGO-RAISES-CR   03-12 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CITGO RAISES CRUDE POSTINGS 50 CTS, TODAY, WTI TO 17.50 DLRS/BBL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9492" NEWID="4579">
+<DATE>12-MAR-1987 17:33:17.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0707&#31;reute
+r f BC-COURT-LIFTS-RESTRAINI   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT LIFTS RESTRAINING ORDER ON MARK IV &lt;IV></TITLE>
+<DATELINE>    BEDFORD, Mass, March 12 - </DATELINE><BODY>Baird Corp &lt;BATM> said the
+Massachusetts State Court for Suffolk County has lifted a  
+temporary restraining order prohibiting Mark IV Industries Inc
+from further purchases of Baird stock.
+    According to filings with the Securities and Exchange
+Commission, Mark IV owns at least 17.6 pct of Baird's stock and
+may attempt to acquire Baird, Baird said.
+    Baird said the court also issued an order enjoining Baird
+from enforcing the Massachusetts Anti-Takeover Statute against
+Mark IV industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9493" NEWID="4580">
+<DATE>12-MAR-1987 17:35:46.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0711&#31;reute
+h f BC-REXCOM-&lt;RXSC>-EXTENDS   03-12 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXCOM &lt;RXSC> EXTENDS WARRANT EXERCISE PERIOD</TITLE>
+<DATELINE>    HOUSTON, March 12 - </DATELINE><BODY>Rexcom Systems Corp said its board
+voted to extend the exercise period for the company's publicly
+traded warrants until March 31, 1988 from March 31, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9494" NEWID="4581">
+<DATE>12-MAR-1987 17:36:09.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0713&#31;reute
+d f BC-CJI-INDUSTIRES-INC-&lt;C   03-12 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CJI INDUSTIRES INC &lt;CJIIA> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 12 -
+    </DATELINE><BODY>Oper shr profit 60 cts vs loss 55 cts
+    Oper net profit 928,000 vs loss 88,000
+    Revs 48.7 mln vs 39.7 mln
+    Avg shrs 3.7 mln vs 1.5 mln
+    Year
+    Oper shr loss 1.17 dlrs vs loss 60 cts
+    Oper net profit 2,537,000 vs profit 587,000
+    Revs 178.8 mln vs 117.6 mln
+    NOTE: Per share figures come after preferred dividends.
+    Excludes fourth quarter and full year 1986 extraordinary
+gains of 29 cts and 71 cts per share, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9495" NEWID="4582">
+<DATE>12-MAR-1987 17:37:30.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0717&#31;reute
+r f BC-CHRYSLER-&lt;C>-TO-KEEP   03-12 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> TO KEEP AMERICAN MOTORS &lt;AMO> PLANS</TITLE>
+<DATELINE>    SOUTHFIELD, Mich., March 12 - </DATELINE><BODY>American Motors Corp
+president Joseph E. Cappy, in a telegram to dealers, said
+Chrysler Corp will retain American Motors' plans to begin
+selling four new cars within the next year.
+    Cappy reassured dealers that American Motors, if it is
+acquired by Chrysler, would go ahead with plans to introduce
+the "Medallion", "Premier", Premier "X59" coupe, and the
+"Alpine" models.
+    Cappy, in a statement, said American Motors' board met
+yesterday on the Chrysler buyout, and will meet "periodically
+over the next several weeks on the Chrysler proposal." No other
+details of the Chrysler takeover were disclosed.
+    American Motors did not release further details of
+Chrysler's plans for maintaining or changing American Motors'
+current strategy other than to quote Cappy as saying, "we will
+try to keep you informed as developments warrant."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9496" NEWID="4583">
+<DATE>12-MAR-1987 17:37:42.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0718&#31;reute
+r f BC-counsel   03-12 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUNSEL CORP SETS THREE-FOR-TWO STOCK SPLIT</TITLE>
+<DATELINE>    TORONTO, March 12 - </DATELINE><BODY>&lt;Counsel Corp> said it plans a
+three-for-two stock split, pending shareholder approval at the
+April 28 annual meeting.
+    The company said it recently reported 1986 profit of 5.9
+mln dlrs, or 1.51 dlrs a share, before extraordinary items,
+compared with 2.2 mln dlrs, or 81 cts, in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9497" NEWID="4584">
+<DATE>12-MAR-1987 17:40:36.07</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0726&#31;reute
+r f BC-SOUTHLAND-&lt;SLC>-UNIT   03-12 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHLAND &lt;SLC> UNIT RAISES CRUDE POSTINGS</TITLE>
+<DATELINE>    New York, March 12 - </DATELINE><BODY>Southland Corp's Citgo Petroleum Corp
+said it raised the contract price it will pay for crude oil 50
+cts a barrel, effective today.
+    The increase bring's Citgo's posted price for the West
+Texas Intermediate and West Texas Sour grades to 17.50 dlrs a
+barrel. The Light Louisiana Sweet South Onshore grade was also
+raised 50 cts to 17.85 dlrs a barrel, and Light Louisiana Sweet
+North was increased to 17.75 dlrs a barrel.
+    Citgo last changed its postings on March four.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9498" NEWID="4585">
+<DATE>12-MAR-1987 17:43:02.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0741&#31;reute
+r f BC-CANNON-&lt;CAN>-AUDIT-TO   03-12 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANNON &lt;CAN> AUDIT TO SHOW SIGNIFICANT 1986 LOSS</TITLE>
+<DATELINE>    LOS ANGELES, March 12 - </DATELINE><BODY>The Cannon Group Inc said its
+financial statements will show substantial losses for fiscal
+1986 and "significant downward adjustments in previously
+reported stockholders' equity."
+    The company also said its 1986 audit being conducted by
+&lt;Arthur Young and Co> will cover the year ended January 3,
+1987, instead of the nine-month period ended September 27, 1986
+as previously announced.
+    It said it anticipates the results of the audit will be
+available in mid to late April 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9499" NEWID="4586">
+<DATE>12-MAR-1987 17:43:06.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0742&#31;reute
+d f BC-EAGER-TECHNOLOGY-ACQU   03-12 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAGER TECHNOLOGY ACQUIRES NUCLAD</TITLE>
+<DATELINE>    DENVER, March 12 - </DATELINE><BODY>&lt;Eager Technology Inc> said it signed a
+letter of intent to acquire Nuclad Inc, a private Colorado
+corporation, and its subsidiaries.
+    Terms of the acquisition were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9500" NEWID="4587">
+<DATE>12-MAR-1987 17:43:28.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0744&#31;reute
+r f BC-VOLCKER-SEES-BENEFIT   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER SEES BENEFIT IN FDIC/FSLIC MERGER</TITLE>
+<DATELINE>    LOS ANGELES, March 12 - </DATELINE><BODY>Federal Reserve Board chairman Paul
+Volcker said a combination of the Federal Deposit Insurance
+Corp, FDIC, and the Federal Savings and Loan Insurance Corp,
+FSLIC, could be contemplated in the longer term but is not an
+answer to the thrift industry's immediate problems.
+    "I don't think it's an answer to 1977 or 1988," Volcker
+said at a press conference.
+    But a merger of the two deposit-insurance agencies could be
+an option as part of a general structural reform of the U.S.
+banking system.
+    The aim of a merger would not be for commercial banks to
+subsidize ailing savings and loan associations but to improve
+official oversight of depository institutions, Volcker said.
+    "The attractive element is that you get almost by
+definition a consistency of supervision and regulation that you
+don't have now," he explained.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9501" NEWID="4588">
+<DATE>12-MAR-1987 17:47:58.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0749&#31;reute
+r f BC-MOTOROLA-(MOT)-SEES-C   03-12 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOTOROLA (MOT) SEES CONTINUED GROWTH FOR CHIPS</TITLE>
+<DATELINE>    SAN FRANCISCO, March 12 - </DATELINE><BODY>Motorola Inc expects continued
+steady improvement in semiconductor orders for the rest of the
+year, Executive Vice President and Chief Corporate Staff
+Officer Gary Tooker told security analysts.
+    He said the company's semiconductor products sector showed
+a nine pct increase in sales last year to 1.88 billion dlrs and
+expects growth this year to range between 11 and 13 pct.
+    Semiconductor products accounted for 31 pct of Motorola's
+1986 net sales of 5.89 billion dlrs.
+    Tooker said Motorola has shipped about 300,000 of its
+32-bit 68020 microprocessor to 200 customers. Apple Computer
+Inc recently announced it is using the 68020 in its new Mac II
+personal computer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9502" NEWID="4589">
+<DATE>12-MAR-1987 17:49:52.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0750&#31;reute
+r f BC-FEDERAL-REGULATORS-CL   03-12 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL REGULATORS CLOSE TWO TEXAS BANKS</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The Federal Deposit Insurance Corp.
+(FDIC) said two Texas banks were closed by U.S. bank
+regulators, making a total of 40 failures of federally insured
+financial institutions so far this year.
+    Fourteen of the 40 have been in Texas, which has been hard
+hit by plummeting oil prices.
+    The FDIC said it approved paying off the insured depositors
+of the failed Plaza National Bank, Del Rio, Texas.
+    The bank, with assets of 34.8 mln dlrs, was closed today by
+the U.S. Comptroller of the Currency.
+    The FDIC said it decided to pay off depositors because no
+other institution wanted to buy the failed bank.
+    The FDIC said 15 accounts exceeded the federal insurance
+limit of 100,000 dlrs by a total of 38,000 dlrs.
+    Owners of the uninsured deposits will share with the FDIC
+as the failed bank's assets are liquidated.
+    The FDIC also approved the assumption of deposits of The
+First National Bank of Olney, Texas, by Olney Bancshares Inc.,
+Olney, Texas.
+    The bank had total assets of 15 mln dlrs when it was closed
+by federal regulators.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9503" NEWID="4590">
+<DATE>12-MAR-1987 17:51:24.56</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0753&#31;reute
+h f BC-SAN-JUAN-BASIN-&lt;SJT>   03-12 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAN JUAN BASIN &lt;SJT> PROVEN RESERVES FALL</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 12 - </DATELINE><BODY>The San Juan Basin Royalty
+Trust said proved reserves as of December 31 were estimated at
+283.1 thousand cubic feet of gas and 1,087,000 barrels of oil.
+    In the year-ago period, it said proved reserves were
+estimated at 346.4 thousand cubic feet of gas  and 1,974,000
+barrels of oil.
+    It said the present value of future net revenues discounted
+10 pct was 156.2 mln dlrs compared with 446.8 mln dlrs in the
+year-ago period.
+    It also said that about 60 net infill wells are not
+economical to drill at December 31 prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9504" NEWID="4591">
+<DATE>12-MAR-1987 17:52:43.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0755&#31;reute
+u f BC-INTERCONNECT-OFFERS-T   03-12 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERCONNECT OFFERS TO BUY GATES LEARJET &lt;GLJ></TITLE>
+<DATELINE>    STAMFORD, Conn., March 12 - </DATELINE><BODY>&lt;Interconnect Capital Corp>
+said it sent a letter to the board of Gates Learjet Corp,
+offering to buy the company for 7.07 dlrs a share.
+    Gates Corp, which owns 64.8 pct of Gates Learjet, agreed
+earlier this week to sell its shares to a partnership formed by
+privately-held &lt;Cobey Corp> and a unit of Bear Stearns Cos Inc
+&lt;BSC> for 6.50 dlrs a share or 51 mln dlrs. The proposal is
+subject to approval by Gates Learjet's board.
+    A spokesman for privately-held Interconnect said it made
+the new proposal to Gates Learjet's board, but would not say if
+it had held talks with the parent company's board.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9505" NEWID="4592">
+<DATE>12-MAR-1987 17:54:36.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0757&#31;reute
+d f BC-SEAL-&lt;SINC>-ACQUIRES   03-12 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEAL &lt;SINC> ACQUIRES ADEMCO LTD</TITLE>
+<DATELINE>    NAUGATUCK, Conn., March 12 - </DATELINE><BODY>Seal Inc said it acquired
+Ademco Ltd, a United Kingdom company which distributes mounting
+and laminating equipment and supplies, for a combination of
+cash and stock valued at 2.6 mln dlrs, based on current
+exchange rates.
+    Seal said it will pay up to an additional 1.3 mln dlrs
+contingent on the market price of Seal's common on December 31,
+1988, and on certain earnings targets by the acquired business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9506" NEWID="4593">
+<DATE>12-MAR-1987 17:55:17.12</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>brazil</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0758&#31;reute
+u f BC-PETROBRAS-CANCELS-40   03-12 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL CANCELS OIL PURCHASE FROM SAUDI ARABIA</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 12 - </DATELINE><BODY>Brazil's state-oil company,
+Petrobras, cancelled a 40 mln dlr crude oil purchase from Saudi
+Arabia after the Saudis refused to accept credit guarantees
+from the Bank of Brazil, a Petrobras official said.
+    Export director Carlos Santana told a press conference the
+Saudis were the first suppliers of oil to impose such
+conditions after Brazil's decision to halt interest payment of
+its commercial debts last month.
+    The shipment of 2.2 mln barrels represents two days of oil
+consumption in Brazil.
+    But Santana said if the Saudis change their minds and
+decide to respect the terms of the contract, then Petrobras
+will lift the order to cancel the shipment.
+    Santana said if the Saudis do not accept Brazil's terms by
+Monday then Petrobras will negotiate elsewhere.
+    "Petrobras has been Saudi Arabia's traditional client since
+1955. If they do not accept our conditions now, it will be much
+better for us, because with the market prices more or less the
+same, buying from Iraq and China is an advantage," he said.
+    Iraq and China have barter deals with Brazil, importing
+Brazilian goods in exchange for oil, but the Saudis buy nothing
+from Brazil, he said.
+    Santana said despite a strike threat by oil industry
+workers and a two-week stoppage by Brazilian seamen, Petrobras
+oil stocks are "reasonably balanced." 
+    Saudi Arabia is Brazil's second biggest oil supplier, with
+an average 115,000 bpd. Iraq is the main supplier with 235,000
+bpd. China comes third, with 58,000 bpd.
+    "If the Saudis wish to stop our trade relationship, fine, I
+am sure that if they do, we will be getting dozens of offers
+from elsewhere," Santana added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9507" NEWID="4594">
+<DATE>12-MAR-1987 17:57:02.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0760&#31;reute
+u f BC-CBOE-CREATES-NEW-CLAS   03-12 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBOE CREATES NEW CLASS OF S AND P 500 OPTIONS</TITLE>
+<DATELINE>    CHICAGO, March 12 - </DATELINE><BODY>In order to accomodate the shift in the
+settlement procedure for options on the Standard and Poor's 500
+stock index that the exchange announced last month, the Chicago
+Board Options Exchange (CBOE) said it has created a new class
+of options for the S and P contract &lt;SPX>.
+    The CBOE's new contract was needed to coincide with changes
+in the settlement procedure that the Chicago Mercantile
+Exchange (CME) made on its S and P 500 futures and options
+contract which will be implemented with the expiration of the
+June contract.
+    Settlement of the CBOE's new option contract will be based
+on the opening price of the S and P 500 index on expiraton day,
+while settlement of the current contract is based on the
+closing price of the index.
+    "CBOE doesn't think that opening settlement is the solution
+to the expiration effect, but we cannot exposure investors in
+our market to unanticipated risks arising from different
+settlement times in options and futures," CBOE chairman Alger
+Chapman said in a release.
+    "We're taking this step to give investors a choice of
+settlement times that meet their hedging needs," Chapman said.
+    The new contract was necessary because the Options Clearing
+Corp (OCC) did not allow its member exchanges to modify terms
+of any of its outstanding contracts, the CBOE said.
+    The new contract will satisfy the needs of customers who
+require an options contract based on opening prices of the
+index, the CBOE said.
+    The opening settlement contract will trade parallel to the
+closing settlement contract as long as the CME maintains its
+opening settlement procedure for the S and P 500 futures
+contract, a CBOE spokesperson said.
+    However, she noted that customer preference for one type of
+settlement procedure will eventually determine which contract
+will prevail.
+    The opening settlement contract will trade on a March,
+June, September, December quarterly expiration cycle and will
+be listed as soon as the OCC revises its contract prospectus,
+possible in April, the exchange said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9508" NEWID="4595">
+<DATE>12-MAR-1987 17:58:29.22</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0764&#31;reute
+r f BC-U.S.-HOUSE-PANEL-APPR   03-12 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PANEL APPROVES TRADE BILL</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The U.S. House Ways and Means Trade
+Subcommittee unanimously approved a toned-down version of
+legislation designed to toughen U.S. trade laws and wedge open
+foreign markets to more U.S. goods.
+    The measure now goes to the full House Ways and Means
+Committee next week, but major changes are not expected,
+congressional sources said.
+    "This product could very well be toughening our trade policy
+and doing it in a manner that opens markets without this
+frightening word 'protectionism'," Ways and Means chairman Dan
+Rostenkowski, an Illinois Democrat said.
+    The trade subcommittee backed away from mandating specific
+retaliation against foreign countries for unfair foreign trade
+practices as the House had approved in a trade bill last year.
+    But it held over for the full Ways and Means Committee
+debate on a controversial plan by Rep. Richard Gephardt to
+mandate a reduction in trade surpluses with the U.S. by
+countries such as Japan, South Korea and Taiwan.
+    Gephardt, a Missouri Democrat, has not decided the exact
+form of his amendment, an aide said. Last year the House
+approved his idea to force an annual 10 pct trade surplus cut
+by those countries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9509" NEWID="4596">
+<DATE>12-MAR-1987 17:58:36.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0765&#31;reute
+d f BC-TITAN-&lt;TTN>-EXTENDS-O   03-12 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TITAN &lt;TTN> EXTENDS ODD LOT TENDER OFFER</TITLE>
+<DATELINE>    SAN DIEGO, March 12 - </DATELINE><BODY>Titan Corp said it extended its
+odd-lot tender offer program to purchase shares of its
+preferred stock to June 10, 1987.
+    The offer is made to holders of 99 or fewer preferred
+shares.
+    The offer was originally scheduled to expire March 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9510" NEWID="4597">
+<DATE>12-MAR-1987 18:04:38.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0776&#31;reute
+u f BC-VOLCKER-SAYS-SENATE-B   03-12 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER SAYS SENATE BILL WOULD LIMIT FED</TITLE>
+<DATELINE>    LOS ANGELES, March 12 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said a bill passed this week by the Senate banking
+committee is too restrictive regarding the Federal Reserve.
+    "I don't think our hands should be tied so much as in that
+bill," he said.
+    The bill would set a one-year moratorium on approval of
+certain powers that banks have already applied to the Federal
+Reserve for -- selling insurance, securities and real estate.
+    Volcker added, however, that comprehensive new legislation
+dealing with such issues is needed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9511" NEWID="4598">
+<DATE>12-MAR-1987 18:05:39.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0778&#31;reute
+u f BC-CONSERVATION-REPORT-D   03-12 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSERVATION REPORT DELAYED UNTIL FRIDAY</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>Enrollment figures in the
+Agriculture Department's fouth annual conservation signup will
+be released tommorrow afternoon, a senior USDA official said.
+    Bill Bailey, deputy administrator for USDA's Agricultural
+Stabilization and Conservation Service, told Reuters that USDA
+will announce enrollment into the Conservation Reserve Program
+(CRP) after the close of the futures markets.
+    The report was originally scheduled to be released today.
+No explanation was given for the postponement.
+    Conservation specialists expect a heavy signup and said
+enrollment could amount to more than the total of the first
+three signups, which was 8.9 mln acres.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9512" NEWID="4599">
+<DATE>12-MAR-1987 18:09:10.98</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0780&#31;reute
+b f BC-ussr-shipments   03-12 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO GRAIN TO THE USSR IN LATEST WEEK -- USDA</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>There were no shipments of U.S.
+grain or soybeans to the Soviet Union in the week ended March
+12, according to the U.S. Agriculture Department's latest
+Export Sales report.
+     The USSR has purchased 1.0 mln tonnes of U.S. corn for
+delivery in the fourth year of the U.S.-USSR grain agreement.
+     Total shipments in the third year of the U.S.-USSR grains
+agreement, which ended September 30, amounted to 152,600 tonnes
+of wheat, 6,808,100 tonnes of corn and 1,518,700 tonnes of
+soybeans.
+    Shipments to the USSR in the second year of the agreeement
+amounted to 2,887,200 tonnes of wheat and 15,750,100 tonnes of
+corn.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9513" NEWID="4600">
+<DATE>12-MAR-1987 18:26:28.36</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0810&#31;reute
+d f BC-INDIA-GETS-140-MLN-DL   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA GETS 140 MLN DLR WORLD BANK LOAN</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The World Bank said it has approved
+a 140 mln dlr loan for India to help lessen that country's
+dependence on imported oil and spur development of its own
+petroleum resources.
+    The bank said the loan will be used to boost production by
+injecting gas in the partially depleted Assam oil fields and to
+assist exploration in other areas, including drilling 10
+exploratory wells.
+    The bank said the recipient of the 20-year loan will be Oil
+India Ltd (OIL), which is the smaller of two public Indian
+petroleum exploration and production companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9514" NEWID="4601">
+<DATE>12-MAR-1987 18:28:52.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0816&#31;reute
+r f BC-ROCHESTER-GAS-AND-ELE   03-12 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCHESTER GAS AND ELECTRIC &lt;RGS> BEGINS OFFER</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 12 - </DATELINE><BODY>Rochester Gas and Electric Corp
+said it began a public offering of 300,000 shares of 8.25 pct
+preferred stock, Series R at 100 dlrs per share.
+    Proceeds will be used to redeem its 10.84 pct preferred
+shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9515" NEWID="4602">
+<DATE>12-MAR-1987 18:32:12.03</DATE>
+<TOPICS><D>money-supply</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0823&#31;reute
+u f BC-FED-DATA-INDICATE-NO   03-12 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED DATA INDICATE NO POLICY CHANGE LIKELY</TITLE>
+<AUTHOR>    By Martin Cherrin, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>U.S. bank reserve, monetary and
+discount window borrowings data released by the Federal Reserve
+today clearly indicate that policy is "on hold" and may not be
+changed for weeks or even months, economists said.
+    "The Fed is keeping policy at dead center and it is not
+about to change policy unless something fairly dramatic occurs
+on the economy," said John Williams of Bankers Trust Co.
+    "These numbers contain no hint that a policy shift is in
+prospect, nor do economic or financial developments argue for
+policy change," said William Griggs of Griggs and Santow Inc.
+    Fed data released today were all in line with economists'
+expectations and similar to the numbers of recent weeks.
+    The Fed said net discount window borrowings in the two
+weeks ended Wednesday averaged 191 mln dlrs, up from 381 mln
+dlrs in the February 25 statement period, but little changed
+from 160 mln dlrs in the period before that.
+    It said that banks' net free reserves in the latest two
+weeks averaged 660 mln dlrs versus 675 mln dlrs previously.
+    Finally, the Fed said that the M-1 money supply fell 800
+mln dlrs in February, with the broader M-2 measure down 1.6
+billion dlrs and M-3 up an even three billion dlrs.
+    Analysts said that M-1 last month grew at a negative 1.3
+pct annual rate compared with minus 0.7 pct for M-2 and actual
+positive growth of 1.0 pct annualized for M-3.
+    February levels of M-2 and M-3 left the aggregates 18.2 and
+20.8 billion dlrs under their respective upper growth limits
+set by the Fed for 1987. The annual growth target for both is
+5-1/2 to 8-1/2 pct. There is no M-1 target.
+    "In the near term, there is absolutely no reason for the
+Fed to ease policy, even apart from the slowdown in money
+growth," said Stephen Slifer, economist at Lehman Government
+Securities Inc.
+    Economists generally expect a modest pickup in monetary
+growth in March after February's anemic growth rates. However,
+they stress that money growth will not be strong enough to
+prevent the Fed from dropping interest rates further if the
+economy shows evidence of weakness.
+    Commenting on February's decline in the key M-2 aggregate,
+Slifer said the main cause was a 3.2 billion dlr drop in money
+market deposits at banks. This number has risen three to four
+billion dlrs a month for a long while, he said, so February's
+weakness is not likely to persist. Slifer expects modest M-2
+and M-3 growth rates of 3-1/2 to four pct during March.
+    Griggs said that M-2 and M-3 in coming months should return
+to the five to seven pct annualized growth region and so
+continue to present no problem for the Fed.
+    Economists said the Fed appears to be very comfortable with
+its current policy stance and it is likely to wait for perhaps
+several more months of economic data before deciding whether or
+not to ease its grip on reserves.
+    Given the economy's fragility in many sectors, the analysts
+agreed that there is almost no chance that the Fed will choose
+to raise, rather than lower, interest rates when it next
+changes policy.
+    "Discount window borrowings in the past week were about as
+low as the Fed can get them, although Fed funds held above six
+pct," said Williams of Bankers Trust. Funds averaged 6.12 pct
+in the week to Wednesday, up from 6.06 pct in the prior week.
+    The Fed added reserves indirectly via one billion dlrs of
+customer repurchase agreements last Friday, 2.5 billion dlrs on
+Monday and two billion dlrs on Wednesday. On Tuesday, it added
+reserves directly through two-day System repurchases.
+    Williams and Griggs agreed the Fed will let the funds rate
+be largely market-driven. They said it is focusing instead on a
+borrowings target of around 300 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9516" NEWID="4603">
+<DATE>12-MAR-1987 18:33:57.62</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0824&#31;reute
+u f BC-colombia's-coffee-exp   03-12 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA'S COFFEE MARKETING TO BE MORE FLEXIBLE</TITLE>
+<DATELINE>    BOGOTA, March 12 - </DATELINE><BODY>Colombia intends to improve the
+marketing of its coffee with the accent on more flexibility on
+setting export registration prices, finance minister Cesar
+Gaviria said.
+    Speaking to reporters after announcing a lower export
+registration price, or reintegro, of 1.10 dlr per lb ex-dock
+New York, Gaviria said export mechanisms would be more agile.
+    "In the first stage, we decided not only to lower the
+reintegro but also to adopt a flexible policy of reintegro that
+will allow private exporters to participate more actively in
+Colombia's coffee export policy," he said.
+    Traders said this means the export registration price will
+change more often in a truer reflection of market trends.
+    Gaviria said the measures merely responded to new market
+factors since a return to a system of International Coffee
+Organisation (ICO) export quotas may not occur in the short
+term.
+    ICO talks last month in London failed to break a deadlock
+over re-introduction of export quotas, suspended in February
+1986.
+    Gaviria stressed that Colombia will not necessarily suffer
+from depressed prices because it can compensate lower prices
+with increased volume.
+    "Colombia will continue to export its traditional amount of
+coffee, between 9.6 and 10 mln bags (of 60 kilos), and will do
+so without an agreement among producers," he said.
+    He ruled out a much higher volume of exports, or up to 13.5
+mln bags as mentioned in market circles, "because the idea is
+precisely not to disrupt the market."
+    Colombia exported a record 11.5 mln bags in the 1985/86
+coffee year which ended last September 30.
+    Echoing Gaviria's words, Jorge Cardenas, manager of the
+national coffee growers' federation, said Colombia sought to
+adapt its coffee marketing policy to circumstances.
+    "There is great expectation in the world for the policies
+that Brazil and Colombia will adopt. Ours is beginning to
+emerge and no agreement among producers is foreseeable in the
+immediate future," he told journalists.
+    Trade sources in Rio today said Brazil's future export
+policy was unlikely to be revealed before the end of next week.
+    Cardenas said a new ICO meeting could only take place when
+problems that hindered an agreement at the recent London talks
+have been resolved.
+    Asked to comment on a Reuter report from Jakarta saying
+Indonesia hoped Colombia could use its contacts with Brazil to
+suggest a compromise on the quota issue, Cardenas said the
+Brazilian stand was quite clear.
+    He said Brazil's current quota "reflects the reality of the
+market, allows for an orderly supply and satisfies demand," but
+added more clarity was needed to assess the criteria that
+determined it.
+    Cardenas said lows registered immediately after the failure
+of the London talks were triggered by a widespread fear among
+dealers of an imminent price war and the belief that producers
+would go out and sell their coffee as quickly as possible,
+which did not happen.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9517" NEWID="4604">
+<DATE>12-MAR-1987 18:44:48.38</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0838&#31;reute
+r f BC-INDIA-GETS-140-MLN-DL   03-12 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA GETS 140 MLN DLR WORLD BANK LOAN</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The World Bank said it approved a
+140 mln dlr loan for India to help lessen that country's
+dependence on imported oil and spur development of its own
+petroleum resources.
+    The bank said the loan will be used to boost production by
+injecting gas in the partially depleted Assam oil fields and to
+assist exploration in other areas, including drilling 10
+exploratory wells.
+    The bank said the recipient of the 20-year loan will be Oil
+India Ltd (OIL), which is the smaller of two public Indian
+petroleum exploration and production companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9518" NEWID="4605">
+<DATE>12-MAR-1987 18:45:43.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0840&#31;reute
+u f BC-CANNON-&lt;CAN>-SELLS-LI   03-12 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANNON &lt;CAN> SELLS LIBRARY TO WEINTRAUB</TITLE>
+<DATELINE>    LOS ANGELES, March 12 - </DATELINE><BODY>WEintraub Entertainment Group Inc
+said it agreed to acquire Cannon Group's Screen Entertainment
+film library.
+    The library was purchased in May 1986 as part of Cannon's
+acquisition of Screen Entertainment Ltd from Bond Corp Holdings
+Ltd. The library has over 2,000 theatrical motion pictures.
+    Terms call for the price to be established through an
+appraisal process beginning immediately and not to exceed 175
+mln dlrs or be below 125 mln dlrs.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9519" NEWID="4606">
+<DATE>12-MAR-1987 19:00:08.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0855&#31;reute
+d f BC-GERBER-&lt;GRB>-BUYS-GER   03-12 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERBER &lt;GRB> BUYS GERBER SYSTEMS &lt;GSTI> SHARES</TITLE>
+<DATELINE>    SOUTH WINDSOR, Conn, March 12 - </DATELINE><BODY>Gerber Scientific Inc said
+its GST Acquisition Corp purchased 444,646 shares of its 84 pct
+owned Gerber Systems Technology pursuant to a January 15 tender
+offer.
+    Following the purchase, Gerber made a capital contribution
+to GST of all the shares it owned resulting in 95.6 pct
+ownership by GST.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9520" NEWID="4607">
+<DATE>12-MAR-1987 19:00:25.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0857&#31;reute
+r f BC-UNITED-MEDICAL-&lt;UM>-T   03-12 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED MEDICAL &lt;UM> TO AMEND COVENANTS</TITLE>
+<DATELINE>    HADDONFIELD, N.J., March 12 - </DATELINE><BODY>United Medical Corp said it
+it has requested a meeting of holders of its Swiss Francs 30
+mln 5-1/8 pct convertible subordinated notes due 1991.
+    The meeting has been requested in order to amend the
+negative pledge and financial covenants which have proved to be
+too restrictive in light of the company's activities, it said.
+    United also said it plans to acquire some of these notes to
+reduce its exposure to foreign exchange fluctuations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9521" NEWID="4608">
+<DATE>12-MAR-1987 19:02:18.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0859&#31;reute
+u f BC-INVESTORS-MORE-ACTIVE   03-12 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS MORE ACTIVE IN GILT MARKET, SURVEY SAYS</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>Institutional investors are finding it
+difficult to find "the best price" for transactions in U.K.
+Government bonds (gilts) and have become more active in the
+market since the deregulation of the London Stock Exchange in
+October, agency broker Capel-Cure Myers said in a survey.
+    The survey, covering a broad section of institutional
+investors, also showed that investors were uneasy about the
+impartiality of market makers' advice. Given their concerns,
+over half those surveyed said they spend more time managing
+their portfolios. At the same time, the investors believed the
+market was more liquid and efficient than before Big Bang.
+    Capel-Cure, a unit of Australia and New Zealand Banking
+Group Ltd, conducted the survey during January among 70
+institutions which are not clients of that firm.
+    Banks and merchant banks accounted for 32 pct of the total,
+building societies 30 pct, life assurance companies 20 pct,
+insurance companies 11 pct and pension funds seven pct.
+    The survey found that with the virtual elimination of
+commissions, the improved market liquidity has encouraged
+investors to deal more frequently in the market. Of those
+responding, 70 pct were encouraged to deal more actively, 25
+pct which saw no change and five pct dealt less actively.
+    A Capel-Cure official told reporters the elimination of
+commissions has made the market more competitive.
+    He said Capel-Cure has deliberately set low commisstions
+because of this.
+    Nearly half the respondents said they now have their own
+dealing team to cope with the new market, although the
+definition of a "dealing team" was ambiguous, the survey said.
+    Rather than being a self-contained, specialised group of
+dealers who spend all their time searching for prices, the
+definition now appears to be the less formal idea of a
+multi-purpose fund manager, it said.
+    The survey supported the general view in the gilt market
+that a shake-out of the 27 market-makers is likely.
+    It showed nearly 90 pct of the respondents believed that
+the total number of market makers in three years time would be
+less than 20, while 46 pct thought the number would be less
+than 15.
+    Some 79 pct of respondents said they expect the number of
+agency brokers (for which there was no estimate) to fall over
+the next three years. Unlike broker/dealers, agency brokers do
+not take positions in the market, but the survey showed 68 pct
+of respondents did not consider this very important when
+deciding whether to use one.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9522" NEWID="4609">
+<DATE>12-MAR-1987 19:07:39.00</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0867&#31;reute
+u f AM-ecuador-loan   03-12 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA TO LEND ECUADOR 50,000 BPD OF CRUDE</TITLE>
+<DATELINE>    CARACAS, March 12 - </DATELINE><BODY>Venezuela will lend Ecuador 50,000
+barrels per day of crude oil over the next few months to help
+it meet its export commitments, Energy and Mines Minister
+Arturo Hernandez Grisanti said today.
+    He said that under the terms of this loan, agreed during a
+visit here this week by Ecuador's Deputy Energy Minister
+Fernando Santos Alvite, Ecuador will begin repaying the loan in
+August.
+    Hernandez Grisanti said the loan will go part way to
+offsetting the loss of Ecuador's 140,000 in exports caused by
+earthquake damage to 25 miles of pipeline last week.
+    Ecuador was forced to suspend exports after the pipeline
+connecting its jungle oil fields with the pacific port of Balao
+was put out of action.
+    Venezuela has an output quota of 1.495 bpd, while Ecuador's
+is 210,000 bpd. Santos Alvite said Ecuador will ask OPEC to
+allow it to produce 100,000 bpd above its quota when the
+pipeline is repaired to offset present production losses.
+    Hernandez Grisanti said also a first 300,000 barrels
+shipment of Venezuelan crude oil will leave for Ecuador this
+weekend to help meet domestic consumption needs.
+    The oil, part of a five mln additional crude oil loan by
+Venezuela, will be processed at Guayaquil refineries.
+    "If we had not supplied oil to Ecuador the life of this
+country would have ground to a halt," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9523" NEWID="4610">
+<DATE>12-MAR-1987 19:14:46.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0872&#31;reute
+b f BC-THE-ADELAIDE-STEAMSHI   03-12 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE ADELAIDE STEAMSHIP CO LTD &lt;ADSA.S> FIRST HALF</TITLE>
+<DATELINE>    ADELAIDE, March 13 - </DATELINE><BODY>First half ended December 31
+    Shr 55.01 cents vs 97.76
+    Int div 18 cents vs 16
+    Net 75.05 mln dlrs vs 55.68 mln
+    Turnover 156.94 mln vs 177.87 mln
+    Other revenue 72.50 mln vs 31.18 mln.
+    One-for-five rights issue at 11.50 dlrs a share
+    One-for-four bonus issue on capital enlarged by rights
+issue
+    Shrs 99.36 mln vs 70.94 mln.
+    NOTE - Shr applies to total net 54.66 mln dlrs vs 69.48 mln
+after extraordinaries loss.
+    Pre-extraordinaries net shr 75.53 cents vs 78.32
+    Div pay April 30. Div and rights issue reg March 30. Bonus
+reg May 6. Net equity-accounts share of associates' earnings.
+    Pre-equity pre-tax earnings 59.52 mln dlrs vs 64.13 mln.
+Pre-equity net 52.07 mln dlrs vs 43.35 mln after tax 3.45 mln
+vs 16.34 mln, minorities 4.00 mln vs 6.44 mln, interest 33.89
+mln vs 26.11 mln and depreciation 2.67 mln vs 2.72 mln but
+before net extraordinary loss 20.39 mln vs 13.79 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9524" NEWID="4611">
+<DATE>12-MAR-1987 19:17:09.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0873&#31;reute
+u f BC-PHILIPPINE-DEBT-TALKS   03-12 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE DEBT TALKS FINELY POISED, BANKERS SAY</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Debt talks between the Philippine
+government and its bank advisory committee were delicately
+poised after a brief meeting between the two sides today,
+bankers and sources close to the Philippine delegation said.
+    "We had a businesslike meeting and made good progress," a
+banker said. "The banks are anxious to come to an agreement."
+    But bankers were reluctant to predict whether the talks
+would end successfully. Caution was also evident in the
+Philippine camp. "We feel the ball's in the banks' court," one
+source said. The two sides will meet again on Friday.
+    The talks, in which the Philippines is seeking to
+reschedule about 9.4 billion dlrs of debt, are now dominated
+by a discussion of the innovative proposal made by finance
+minister Jaime Ongpin to pay part of the country's interest
+bill in Philippine Investment Notes, PINs, instead of cash.
+    Manila wants to pay the London Interbank Offered Rate in
+cash and to issue PINs in respect of the margin above LIBOR.
+    The banks rejected the original PINs proposal last Friday,
+but Ongpin presented a revised proposal on Monday which sought
+to satisfy the banks' objections by guaranteeing that the notes
+would yield 7/8 pct over LIBOR in cash.    
+    The banks have apparently yet to pass final judgment on the
+new proposal.
+    Senior Reagan Administration officials expressed warm
+support for the PINs proposal this week, which gave Ongpin hope
+that the banks would embrace the idea.
+    But the banks are still being circumspect, weighing
+possible accounting consequences as well as considering the
+precedents that they would set if they agreed to PINS.
+    One of the  main architects of the PINs proposal, U.S.
+lawyer Lee Buchheit, is adamant that the banks have nothing to
+worry about.
+    "To the extent that it's a precedent, it's a precedent to
+be encouraged," Buchheit, a partner with Cleary, Gottlieb,
+Steen and Hamilton, told a debt-equity swaps conference
+sponsored by Euromoney magazine.
+    Under the proposal, banks would sell the dollar-denominated
+PINs at a discount to multinational firms which would convert
+them into pesos at face value to fund government-approved
+equity investments in the Philippines.
+    In effect, international firms would be paying part of
+Manila's interest bill, allowing the government to conserve
+much-needed hard currency.
+    One of the beauties of the scheme, according to Buchheit,
+is that it widens the scope of third-world debt negotiations,
+which have been confined to debtors and creditors for the past
+4-1/2 years.
+    "There's another pool of cash at the table now," he said.
+    David Mulford, Assistant Secretary of the U.S. Treasury,
+told the Euromoney conference that ideas such as PINs should be
+part of a "menu" of options available to banks instead of pure
+new-money packages.
+    He said the difficulty of syndicating Mexico's 7.7 billion
+dlr loan package shows that new approaches must be encouraged.
+    "We must face the fact that greater flexibility in devising
+new money packages may, in effect, be essential to future bank
+syndications," Mulford said.
+    In an unusually frank comment about the Mexican deal, he
+said that dissatisfaction with Mexico's economic program and
+criticism of communication and coordination within the bank
+syndicate had prompted a number of banks to refuse to
+participate in the loan.
+    This refusal "for a time appeared to jeopardize the
+prospects for successful agreement with the rest of the banks,"
+Mulford said.
+    The Mexican package is now due to be signed on March 20,
+but bankers said the U.S. clearly feels the need to breathe new
+life into the financing process, especially with crucial
+negotiations with Brazil, about to start.
+    The banks for their part insist that they are more than
+willing to discuss Mulford's "menu", and say it is the debtors
+that need to be more flexible. For example, they say financing
+talks with Argentina are proving tough because Buenos Aires
+dislikes the debt-equity schemes and onlending provisions that
+the banks are promoting. But whether the banks are ready to
+endorse the PINs concept right away still hangs in the balance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9525" NEWID="4612">
+<DATE>12-MAR-1987 19:19:46.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0876&#31;reute
+r f BC-AIR-MIDWEST-&lt;AMWI>-FE   03-12 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR MIDWEST &lt;AMWI> FEBRUARY LOAD FACTOR ROSE</TITLE>
+<DATELINE>    WICHITA, Kan, March 12 - </DATELINE><BODY>Air Midwest INc said its february
+load factor rose to 42.9 pct from 37.0 pct, its revenue
+passenger miles rose to 13.4 mln from 9.1 mln and its available
+seat miles rose to 31.2 mln from 24.5 mln.
+    For the year to date, load factor tose to 39.9 pct from
+36.6 pct, revenue passenger miles rose to 25.5 mln from 20.6
+mln and available seat miles rose to 63.8 mln from 56.4 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9526" NEWID="4613">
+<DATE>12-MAR-1987 19:29:40.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0884&#31;reute
+d f BC-BRYN-MAWR-BANK-CORP-&lt;   03-12 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRYN MAWR BANK CORP &lt;BMTC> UPS DIVIDEND</TITLE>
+<DATELINE>    BRYN MAWR, Pa, March 12 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Payable May one
+    Record April 10
+    NOTE:Bryn Mawr was reorganized as a holding company on
+January 2, 1987, resulting in each share of Bryn Mawr Trust Co
+being converted into three shares of the new holding company's
+stock. The 30 cts dividend represents a 15 pct increase over
+prior quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9527" NEWID="4614">
+<DATE>12-MAR-1987 19:29:57.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0885&#31;reute
+d f BC-GREENWOOD-&lt;GRRL>-BOAR   03-12 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREENWOOD &lt;GRRL> BOARD APPROVES RESTRUCTURING</TITLE>
+<DATELINE>    DENVER, Colo, March 12 - </DATELINE><BODY>Greenwood Resources Inc said its
+board approved a restrucuting and recapitalization plan uner
+which more than four mln dlrs of debt and interest will be
+restructured.
+    As part of the plan, its preferred stock will be converted
+into one class of common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9528" NEWID="4615">
+<DATE>12-MAR-1987 19:30:26.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0886&#31;reute
+d f BC-PRICE-&lt;PCLB>-TO-BUY-8   03-12 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRICE &lt;PCLB> TO BUY 80 PCT OF TSS-SEEDMAN</TITLE>
+<DATELINE>    SAN DIEGO, March 12 - </DATELINE><BODY>Price Co said it agreed to buy at
+least 81 pct of the stock of &lt;TSS-Seedman's INc> for about 50
+mln dlrs.
+    The terms envision a purchase of the entire company, it
+said.
+    The transaction is expected to close at the end of April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9529" NEWID="4616">
+<DATE>12-MAR-1987 20:20:24.76</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0897&#31;reute
+b f BC-MIYAZAWA-SAYS-EXCHANG   03-12 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS EXCHANGE RATES WILL STAY STABLE</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa told a
+press conference he thinks exchange rates will remain stable
+due to the currency accord reached in Paris last month by six
+major industrialised nations but he did not say for how long.
+    The dollar has hovered around 153 yen since the six agreed
+to cooperate to bring about currency stability.
+    Asked to comment on remarks by some U.S. Officials calling
+for a further decline of the dollar, Miyazawa said only the
+U.S. President and the U.S. Treasury Secretary can make
+official statements about exchange rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9530" NEWID="4617">
+<DATE>12-MAR-1987 21:25:07.29</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0922&#31;reute
+u f BC-TWO-BRAZILIAN-SHIPPIN   03-12 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO BRAZILIAN SHIPPING FIRMS SETTLE WITH STRIKERS</TITLE>
+<DATELINE>    SAO PAULO, March 12 - </DATELINE><BODY>Two small shipping companies have
+reached a pay deal with striking seamen, but union leaders said
+most of Brazil's 40,000 seamen were still on strike.
+    A union spokesman in Rio de Janeiro said the seamen had
+accepted a 120 pct pay offer from the companies, Globo and
+Flumar, which have less than 200 employees each.
+    The two-week strike comes as Brazil faces a debt crisis and
+is delaying exports badly needed to earn foreign exchange.
+    Labour Minister Almir Pazzionotto said the government will
+not force a settlement of the strike, which was ruled illegal
+last Friday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9531" NEWID="4618">
+<DATE>12-MAR-1987 21:34:46.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0932&#31;reute
+u f BC-U.S.-JUDGE-DISMISSES   03-12 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. JUDGE DISMISSES SUIT CHALLENGING IRAN PROBE</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>A U.S. Judge dismissed a lawsuit by
+fired White House aide Oliver North seeking to halt a special
+prosecutor's investigation into the Iran arms scandal.
+    In a 21-page ruling, Judge Barrington Parker threw out
+North's suit challenging the constitutionality of the law
+empowering special prosecutor Lawrence Walsh to investigate
+secret White House arms sales to Iran and the diversion of
+profits to contra rebels in Nicaragua.
+    "The nation demands an expeditious and complete disclosure
+of our government's involvement in the Iran-contra affair,"
+Parker said in his ruling.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9532" NEWID="4619">
+<DATE>12-MAR-1987 21:38:25.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0933&#31;reute
+u f BC-JAPAN-MULLING-CHANGES   03-12 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MULLING CHANGES TO CORPORATE DISCLOSURE RULES</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>The Finance Ministry will institute a
+study to consider changing the corporate disclosure rules to
+provide more information for investors, a ministry official
+said.
+    The study will look at whether companies should include
+data on profits for separate divisions, products and overseas
+regions in corporate earnings statements the official said.
+    At present, companies give such breakdowns for sales only.
+    He said no time limit has been set for the study.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9533" NEWID="4620">
+<DATE>12-MAR-1987 21:52:37.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0938&#31;reute
+u f BC-CHOCK-FULL-O'NUTS-COR   03-12 0075</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHOCK FULL O'NUTS CORP 2ND QTR JAN 31 LOSS
+    NEW YORK, March 12
+    Oper shr loss 38 cts vs profit 24 cts
+    Oper net loss 2,243,000 vs profit 1,192,000
+    Revs 43.6 mln vs 41.0 mln
+    Six mths
+    Oper shr loss 35 cts vs profit 28 cts
+    Oper net loss 2,090,000 vs profit 1,399,000
+    Revs 84.3 mln vs 72.9 mln
+    Note: Year-ago oper excludes loss from discontinued
+operations of 1,028,000 dlrs for qtr and 1,076,000 dlrs for six
+mths.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9534" NEWID="4621">
+<DATE>12-MAR-1987 22:32:22.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0956&#31;reute
+u f BC-ADSTEAM-RIGHTS-ISSUE   03-12 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADSTEAM RIGHTS ISSUE TO RAISE 228 MLN DLRS</TITLE>
+<DATELINE>    ADELAIDE, March 13 - </DATELINE><BODY>The Adelaide Steamship Co Ltd &lt;ADSA.S>
+(Adsteam) said its one-for-five rights issue at 11.50 dlrs a
+share will raise 228.5 mln dlrs for general working capital and
+investment, both in Australia and overseas.
+    The group announced the issue with its first half earnings
+and said in a statement that the rights issue will be followed
+by a one-for-four bonus issue.
+    Adsteam's equity-accounted net earnings rose to 75.05 mln
+dlrs in the half ended December 31 from 55.68 mln a year
+earlier and interim dividend to 18 cents from 16.
+    Adsteam shares eased to 14.20 dlrs from an opening 14.60
+and yesterday's close of 14.50 on the issue announcement.
+    The issue will be underwritten by &lt;Morgan Grenfell
+Australia Ltd> and &lt;McCaughan Dyson Ltd> apart from the shares
+to be taken up by Adsteam's associate and largest shareholder,
+department store retailer &lt;David Jones Ltd>.
+    New shares will not rank for the interim dividend but will
+rank equally thereafter.
+    Adsteam said it expects to maintain an annual dividend rate
+of 36 cents on capital enlarged to about 149 mln shares by both
+issues from 99.36 mln.
+    Adsteam said its diverse industrial interests generally
+performed well and its results, as the ultimate holding company
+and beneficiary, reflected this solid performance.
+    David Jones, owned 49.2 pct by Adsteam, earned the largest
+associates' net of 57.38 mln dlrs in the half against 40.29 mln
+a year earlier, Adsteam's figures show.
+    Wholly-owned and joint venture companies also did well
+apart from timber, building supplies and real estate, which
+returned below-budget profits due to the housing downturn.
+    Adsteam said it sees 1987/88 as a year of reconstruction
+and consolidation with the capital base boosted by the issue.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9535" NEWID="4622">
+<DATE>12-MAR-1987 22:48:14.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0964&#31;reute
+u f BC-HEARST-BUYS-HOUSTON-C   03-12 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEARST BUYS HOUSTON CHRONICLE FOR 400 MLN DLRS</TITLE>
+<DATELINE>    HOUSTON, March 12 - </DATELINE><BODY>The &lt;Hearst Corp> is buying the Houston
+Chronicle from Houston Endowment Inc for 400 mln dlrs.
+    The announcement was made jointly by Frank Bennack Jr,
+president and chief executive officer of Hearst, and Richard
+Johnson, president of the Chronicle.
+    The Houston Endowment is selling the paper to comply with
+federal tax laws requiring charitable institutions to divest
+themselves of profit-making subsidiaries by 1989.
+    The Chronicle has a daily circulation of over 425,000 and
+is in competition with the Houston Post, owned by the &lt;Toronto
+Sun Publishing Corp>, with a circulation of about 316,000.
+    The acquisition gives Hearst its biggest newspaper holding
+in Texas, where the California-based publisher already owns
+papers in San Antonio, Beaumont and Laredo.
+    The chain also owns, among others, the flagship San
+Francisco Examiner, the Los Angeles Herald Examiner and the
+Seattle Post-Intelligencer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9536" NEWID="4623">
+<DATE>12-MAR-1987 22:56:46.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0965&#31;reute
+u f BC-IEL'S-ACMEX-UNIT-TO-B   03-12 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IEL'S ACMEX UNIT TO BID FOR CHEETHAM</TITLE>
+<DATELINE>    SYDNEY, March 13 - </DATELINE><BODY>&lt;Industrial Equity Ltd> (IEL) unit
+&lt;Acmex Holdings Ltd> said it proposed to make a formal takeover
+offer for all the issued capital of &lt;Cheetham Ltd>, a producer
+of salt, animal feed and seeds.
+    Acmex said in a statement it would offer one share for
+every two Cheetham shares or 3.40 dlrs cash for each share.
+    Acmex said it was presently entitled to 5.1 mln Cheetham
+shares or 16.85 pct of its 30.27 mln issued shares.
+    The scrip offer values Cheetham at about 110 mln dlrs,
+based on Acmex's current price of 7.20 dlrs, and the cash offer
+at about 104 mln. Cheetham last traded at 3.10 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9537" NEWID="4624">
+<DATE>12-MAR-1987 22:58:56.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ida</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0968&#31;reute
+u f BC-U.S.-DETAILS-ITS-ACTI   03-12 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DETAILS ITS ACTION PROGRAM FOR AFRICA</TITLE>
+<DATELINE>    WASHINGTON, March 12 - </DATELINE><BODY>The U.S. Has given further details
+of an action program announced yesterday aimed at helping
+sub-Saharan Africa overcome hunger and economic problems,
+senior U.S. Offficials said.
+    Under the new program, a 500-mln dlr Development Fund for
+Africa will be set up to consolidate most of the aid money
+going to the continent to replace the large number of bilateral
+accounts currently in existence.
+    Chester Crocker, assistant secretary of state for Africa,
+said he believed Congress will favour the program, which stems
+from a U.N. Conference on Africa's economic problems.
+    The 500-mln dlr fund, coupled with an additional 100 mln
+dlrs in food aid, would surpass Congress' 1986 vote of 483 mln
+dlrs for equivalent programs, officials said.
+    Washington is also increasing its funding to the
+International Development Agency (IDA), the World Bank's soft
+loan affiliate, and is seeking a greater share of a bigger fund
+for Africa, they said.
+    Officials said under the last IDA replenishment Africa got
+37 pct of 8.7 billion dlrs, but the Reagan administration wants
+this increased to 45-50 pct of 12.8 billion dlrs in new funds.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9538" NEWID="4625">
+<DATE>12-MAR-1987 23:22:50.74</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>sprinkel</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0974&#31;reute
+u f BC-U.S.-OFFICIALS-DISAGR   03-12 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OFFICIALS DISAGREE ON REDUCING BUDGET DEFICIT</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>Senior U.S. Economic officials
+disagree on the likelihood the government can meet its budget
+deficit reduction targets.
+    Beryl Sprinkel, chairman of the Council of Economic
+Advisers, reiterated the Reagan Administration's opposition to
+a tax increase and its pledge to reduce the deficit by cutting
+spending and fostering economic growth.
+    By contrast, Rudolph Penner, Director of the Congressional
+Budget Office, said the budget process has broken down and the
+deficit will remain close to 200 billion dlrs for fiscal 1987.
+    Sprinkel told a symposium sponsored by New York University
+that spending could be cut by avoiding decisions based on the
+desire to influence votes and by shifting the responsibility
+for local projects to state governments.
+    He also suggested a line-item veto, which allows the
+President to veto parts of bill without rejecting all of it, to
+limit wasteful spending. Spending and taxing decisions should
+be linked more closely.
+    Sprinkel said the Administration still looks for 2.7 pct
+growth in U.S. Real gross national product (GNP) in 1987 and
+3.5 pct in 1988.
+    Asked if the latest economic reports signal this rate of
+economic growth is attainable, Sprinkel said, "It looks pretty
+good to me. We've had two very strong employment reports."
+    He also said federal reserve policy is appropriate, adding,
+"It looks like they're on track."
+    While further reductions are needed in the trade deficit,
+Sprinkel said the lower dollar is having an impact.
+    The new 1987 tax laws will not hurt the economy and the tax
+reform act of 1986 significantly lowers tax rates and will
+greatly increase private production incentives, he said.
+    "Our estimates at the Council of Economic Advisers suggest
+national net output of goods and services will permanently
+increase by approximately two pct because of the long-run
+consequences of tax reform," Sprinkel said. "In 1986, this would
+have amounted to an increase of approximately 600 dlrs in the
+income of the average American family."
+    Sprinkel also argued the 1981 tax cuts were not responsible
+for the large increase in the budget deficit.
+    In fiscal 1986 ending September, federal spending amounted
+to 23.8 pct of GNP, while federal receipts absorbed 18.5 pct of
+GNP, leaving a deficit of 5.3 pct, he said.
+    Sprinkel said that, compared with fiscal 1978, the 1986
+federal expenditure share of GNP is 2.7 percentage points
+higher and the revenue share of GNP is virtually the same.
+    "Contrary to the conventional wisdom, therefore, the 1981
+tax cut is not the root cause of the extraordinary budget
+deficits of the past few years," Sprinkel said.
+    "This tax cut merely rolled back the inflation-induced tax
+increases that occurred between 1978 and 1981," he added.
+    However, the Congressional Budget Office's Rudolph Penner
+argued that the tax cut in 1981 was misguided.
+    "Since making the big mistake in 1981 of cutting taxes
+enormously without any plan to decrease spending by the
+Administration or Congress, indeed with increases in defence
+spending, now all the options (for reducing the budget deficit)
+are unpleasant," he said.
+    Penner said the tax cut resulted from the ideological
+turmoil in the U.S. Caused by the "biggest sustained inflation
+in our nation's history," which helped foster widespread
+distrust of government.
+    "The American people turned on the government with tax
+revolt at the state level and new demands on the government at
+the national level," Penner said.
+    "But their dislike of taxes exceeded their general dislike
+of spending programs. Now the correction of that 1981 mistake
+demands that the system change a lot."
+    Penner sees little hope the Gramm-Rudman-Hollings budget
+deficit reduction targets will be met and said the deficit will
+remain at roughly 200 billion dlrs this year.
+    He said a budget process that sets targets arbitrarily is
+not likely to succeed.
+    "I feel pretty safe in saying that any process that tries to
+dictate a numerical outcome from above is doomed to fail simply
+because there's no ... Way to enforce it," Penner said.
+    Penner questioned the methods by which the 1987 budget
+deficit was cut. He said 18 to 19 billion dlrs were eliminated
+by one-time measures, such as a temporary increase in taxes
+related to tax reform and sales of government assets.
+    "Another four billion dlrs was cut by what I call creative
+timing changes, like moving the military payday from the last
+day of fiscal 1987 to the first day of fiscal 1988. That saved
+more than two billion dlrs," Penner said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9539" NEWID="4626">
+<DATE>12-MAR-1987 23:37:15.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0981&#31;reute
+u f BC-ADSTEAM-LOOKING-TO-BR   03-12 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADSTEAM LOOKING TO BRITISH MARKET FOR INVESTMENT</TITLE>
+<DATELINE>    ADELAIDE, March 13 - </DATELINE><BODY>Diversified industrial and investment
+group The Adelaide Steamship Co Ltd &lt;ADSA.S> said it was
+looking to the British market for future investment in view of
+high share prices and interest rates in Australia.
+    "Because of lower interest rates and improved economic
+statistics, we believe the U.K. At the present time offers
+better value and we hold strategic investments in that market,"
+it said in a statement.
+    Adsteam did not name any British investments but it has
+disclosed a stake in Blue Circle Industries Plc &lt;BCIL.L>, last
+stated by Adsteam in London at 6.85 pct in late February.
+    Adsteam said it was continuing to look for investment
+opportunities both in Australia and overseas, but with the
+Australian stock market at record levels, opportunities to
+acquire companies on reasonable investment criteria were
+limited.
+    As earlier reported, Adsteam will raise 228.5 mln dlrs for
+working capital and investment both in Australia and overseas
+through a one-for-five rights issue at 11.50 dlrs a share.
+    "We expect to enter 1988 in a highly liquid position and
+will be looking to take advantage of investment opportunities
+as they arise," it said.
+    Nevertheless, Adsteam said it continues to be a large
+investor in the Australian market through its equity-accounted
+associates and through other major investments.
+    "We have enjoyed a very substantial increase in the market
+value of our investments over the course of this financial
+year, but we are concerned at the economic fundamentals which
+persist in Australia, particularly the high interest rates
+which currently apply," it said.
+    Adsteam also said it had hedged part of its Australian
+stock market portfolio in the futures market and had hedged all
+foreign currency borrowings.
+    Realised losses from futures hedging have been brought to
+account as extraordinary items but unrealised gains from
+investments significantly exceed realised and unrealised losses
+on hedging, Adsteam said.
+    In its earlier reported first half ended December 31,
+Adsteam posted an extraordinary loss of 20.39 mln dlrs against
+a 13.79 mln profit a year earlier.
+    Equity-accounted net profit before extraordinaries rose to
+75.05 mln dlrs from 55.68 mln a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9540" NEWID="4627">
+<DATE>12-MAR-1987 23:50:57.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0998&#31;reute
+u f BC-KIDNAPPED-JAPANESE-BU   03-12 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIDNAPPED JAPANESE BUSINESSMAN ALIVE - CARDINAL</TITLE>
+<DATELINE>    MANILA, March 13 - </DATELINE><BODY>Kidnapped Japanese businessman Noboyuki
+Wakaoji is alive and well and may soon be released, Cardinal
+Jaime Sin, the archbishop of Manila, said.
+    Wakaoji, head of the Philippines branch of Mitsui and Co
+Ltd, is being visited on a daily basis by a senior priest, Sin
+told reporters at a briefing. He refused to reveal Wakaoji's
+whereabouts.
+    The businessman was kidnapped last November and his captors
+have demanded a five mln dlr ransom from Mitsui.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9541" NEWID="4628">
+<DATE>13-MAR-1987 00:27:37.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>hawke</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0007&#31;reute
+u f BC-AUSTRALIAN-BUSINESS-U   03-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN BUSINESS URGED TO RESTRAIN PROFITS</TITLE>
+<DATELINE>    CANBERRA, March 13 - </DATELINE><BODY>Australian Prime Minister Bob Hawke
+called on businessmen to hold their salaries and profit margins
+as part of his campaign for economic restraint.
+    In a speech to the National Press Club, Hawke said business
+"must not puncture the spirit of community restraint" evident in
+low wage increases and suppressed consumer demand.
+    Hawke said the Federal Government would coordinate with
+State administrations to monitor prices and profit margins.
+    "At a time when a concerted national effort to restrain
+costs is required, profit margins should not be increased," he
+said.
+    Direct price control did not appeal to the government, but
+it would act to ensure market forces operated fairly and
+businesses were reminded of their obligations to Australia,
+Hawke said.
+    The government would demonstrate its commitment with
+spending cuts in its May 14 economic statement, he said.
+    It would also limit increases in government excises
+normally indexed to inflation to about six pct, Hawke said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9542" NEWID="4629">
+<DATE>13-MAR-1987 00:49:15.19</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0020&#31;reute
+u f BC-AUSTRALIAN-TERMS-OF-T   03-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN TERMS OF TRADE WORSEN IN LAST QUARTER</TITLE>
+<DATELINE>    CANBERRA, March 13 - </DATELINE><BODY>Australia's terms of trade fell by a
+further 3.5 pct in the fourth quarter of 1986 after declining
+0.8 pct in the third quarter and 2.7 pct a year earlier, the
+Statistics Bureau said.
+    It said the seasonally adjusted current account deficit of
+3.22 billion dlrs in the quarter would have dropped to 912 mln
+if not for the terms of trade decline.
+    The fourth quarter decline followed a 1.1 pct fall in
+export prices and a 2.4 pct rise in import prices, it said.
+    The Bureau noted Australia's terms of trade had fallen by
+19.9 pct since the fourth quarter of 1983.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9543" NEWID="4630">
+<DATE>13-MAR-1987 00:50:19.21</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0021&#31;reute
+r f BC-CHINA-FACES-DILEMMA-O   03-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA FACES DILEMMA OVER SUGAR IMPORTS</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    PEKING, March 13 - </DATELINE><BODY>China has to decide if it will increase
+sugar imports this year to cover falling domestic output and
+rising demand, in view of market predictions that international
+sugar prices will remain firm this year, traders and the
+official press said.
+    He Kang, Minister of Agriculture, Animal Husbandry and
+Fisheries, said this week that China has adjusted the
+purchasing price for sugar cane and beet to check a drop in
+production last year but he gave no price details.
+    One Japanese trader said domestic demand is rising rapidly
+because of improving living standards and rising demand for
+sweet drinks, cakes and biscuits and other sugary foods.
+    "It will not be easy to cut domestic demand, even in a
+state-controlled economy. China may have to import," he said.
+    Customs figures show imports fell to 1.182 mln tonnes in
+1986 from 1.909 mln in 1985 and fell to 25,165 tonnes in
+January 1987 from 54,000 in January 1986.
+    The official Economic Information newspaper last month said
+production in the 1986/87 crushing season (September-April)
+will be 1.18 mln tonnes short of demand.
+    The paper put 1986/87 output at 4.82 mln, down from 5.24
+mln in 1985/86, and domestic demand at about six mln tonnes.
+    "In the last two years, acreage under sugar cane and beet
+has fallen, sugar mills are underutilised, output has dropped
+and cannot meet demand that is rising every day," it said.
+    "The country will have to continue imports of sugar and draw
+down stocks to meet market demand," it added.
+    It quoted the Ministry of Light Industry as blaming the
+drop in output on unreasonable state purchasing prices for cane
+and beet as against other crops, which has resulted in farmers
+refusing to grow them.
+    The paper said in 1985 a farmer could earn up to three
+times more per hectare from pineapple and watermelon and up to
+seven times more from bananas than from sugarcane. He could
+sell grain on the free market at 560 yuan a tonne, against only
+70 yuan a tonne for sugarcane.
+    Sugar mills are suffering because refined sugar prices have
+not changed for 20 years despite rising costs, it said.
+    In Fujian, the cost of producing one tonne rose to 702 yuan
+in 1985 from 520.1 in 1980, cutting the mills' profit to 117
+yuan a tonne from 217.9, it added.
+    The paper said unreasonable pricing resulted in 144 of the
+442 sugar mills working in the 1985/86 crushing season losing
+money. China has 521 sugar mills.
+    A foreign agricultural expert forecast a drop in cane
+acreage in 1986/87 (September-August) of up to 10 pct in
+Guangdong, which produced 45 pct of China's sugar in calendar
+1985, and a smaller drop in Fujian, which produced 11 pct of
+China's sugar in calendar 1985.
+    He said both provinces are more developed than other
+sugar-producing areas and more sensitive to demand from cities.
+    But cane acreage in Guangxi and Yunnan, which accounted for
+28 pct of the 1985 crop, has risen by 10 to 30 pct in 1986/87,
+because cane-growing is more economic there, he said.
+    He put sugar stocks at 2.333 mln tonnes in September 1986.
+    A Hong Kong trader estimated stocks at more than three mln
+at end-January. "Now they are falling but (they) have not
+reached the critical level, compelling China to import quickly,"
+he said.
+    "China has options not easily available in western
+countries. It controls stocks strictly and can release less
+into the consumer market if stocks fall too quickly," he said.
+    The Hong Kong trader said calendar 1987 imports will be
+slightly less than those of 1986, because of firm world prices
+and serious foreign exchange constraints which, he said, are
+likely to continue until at least end-1988.
+    He said nearly all cane and beet is sold to the state-owned
+mills, with a small amount sold raw to consumers.
+    "Most of the mills are old and inefficient, with many of
+them using Soviet equipment imported in the 1950s," he said.
+    He said demand in rural areas will in future rise an annual
+four pct, with demand in the cities rising an annual two pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9544" NEWID="4631">
+<DATE>13-MAR-1987 01:05:12.15</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0030&#31;reute
+r f BC-JAPAN-SETS-1987/88-FI   03-13 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SETS 1987/88 FIRST HALF BEEF IMPORT QUOTA</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>The Agriculture Ministry said it set
+Japan's beef import quota for the six months from April 1 at
+93,000 tonnes, up from 83,000 in the second half of 1986/87 and
+85,000 a year earlier.
+    Under an agreement with the U.S. And Australia, Japan has
+been increasing imports by 9,000 tonnes a year from March 31,
+1985, to reach a projected 177,000 tonnes in the year to March
+31, 1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9545" NEWID="4632">
+<DATE>13-MAR-1987 01:23:35.18</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-JAPAN-DENIES-BREAKING   03-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DENIES BREAKING SEMICONDUCTOR TRADE PACT</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Japan denied breaking a pact with the
+U.S. On semiconductor trade but said prices set out in the pact
+were too high and acknowledged difficulties in implementing the
+accord.
+    "We are faithfully abiding by the ... Agreement but of
+course there are some problems," a spokesman for the
+International Trade and Industry Ministry told Reuters.
+    He said the high semiconductor prices recommended by the
+agreement were leaving Japanese manufacturers piling up stocks
+of unsellable products. "We are aiming to reduce production in
+Japan but of course this takes time," he said.
+    The spokesman said some Japanese companies were selling
+chips in Europe and Asia below stipulated prices, but added: "It
+is only a matter of time before we solve this problem."
+    The eight month old pact aims to stop Japan selling large
+quantities of chips at knock-down prices to the United States
+and other countries and to increase U.S. Semiconductor sales in
+Japan.
+    The U.S. Senate Finance Committee this week called on
+President Reagan in a non-binding resolution to retaliate
+against Japan for violating the agreement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9546" NEWID="4633">
+<DATE>13-MAR-1987 02:12:51.84</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>tamura</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0062&#31;reute
+b f BC-JAPAN-MINISTER-SAYS-A   03-13 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MINISTER SAYS ABOUT 170 YEN APPROPRIATE</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>International Trade and Industry Minister
+Hajime Tamura told a parliamentary session Japan's small- and
+medium-sized enterprises are seriously suffering from the yen's
+rise and can only stand levels around 170 yen.
+    He also said he still believes a dollar exchange rate level
+plus or minus 10 yen from 170 yen would be within levels agreed
+upon last month in Paris by six major industrial nations.
+Finance ministers of Britain, Canada, France, Japan, the U.S.
+And West Germany agreed on February 22 to cooperate in
+stabilizing exchange rates around the current levels. The
+dollar had closed here at 153.77 yen on February 20.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9547" NEWID="4634">
+<DATE>13-MAR-1987 02:20:05.14</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0063&#31;reute
+b f BC-GERMAN-WHOLESALE-PRIC   03-13 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN WHOLESALE PRICES FALL 0.4 PCT IN FEBRUARY</TITLE>
+<DATELINE>    WIESBADEN, March 13 - </DATELINE><BODY>West German wholesale prices fell 0.4
+pct in February from January to stand 6.9 pct lower than in
+February 1986, the Federal Statistics Office said.
+    In January wholesale prices rose 0.8 pct from December to
+stand 8.6 pct below their level in January 1986.
+    Wholesale price declines were led by starch products, down
+13 pct, light heating oil 11 pct lower, heavy heating oil 10
+pct lower and green coffee down 6.9 pct.
+    Among higher wholesale prices were those for fresh
+vegetables, up 17 pct, fresh fruit up 12 pct and eggs up 8.9
+pct, the statistics office said in a statement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9548" NEWID="4635">
+<DATE>13-MAR-1987 02:20:10.29</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0065&#31;reute
+f f BC-SWISS-FEB-TRADE-DEFIC   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SWISS FEB TRADE DEFICIT 629.7 MLN FRANCS (JAN DEFICIT 209.4 MLN) - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9549" NEWID="4636">
+<DATE>13-MAR-1987 02:26:49.40</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0071&#31;reute
+r f BC-AUSTRALIAN-BEEF-OUTPU   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN BEEF OUTPUT SEEN DECLINING IN 1987</TITLE>
+<DATELINE>    SYDNEY, March 13 - </DATELINE><BODY>Australian beef output is forecast to
+decline to 1.34 mln tonnes carcass weight in 1987 and 1.36 mln
+in 1988 from 1.44 mln in 1986, the Australian Meat and
+Live-Stock Corp (AMLC) said.
+    Exports of beef/veal are also predicted to decline to
+480,000 tonnes shipped weight in 1987 from 515,000 in 1986, and
+then rally to 490,000 in 1988, the AMLC said in a summary of
+its bi-annual meat and livestock forecasts.
+    It sees cattle numbers remaining at around the 1986 level
+of 23.2 mln beasts in both years because herd rebuilding is
+expected to be slower than previously forecast.
+    Beef producers are becoming more confident that higher
+returns in the market, both domestically and overseas, will
+continue, the AMLC said.
+    The slow herd build-up and the forecast lower production is
+expected to bring about a slight drop in both export and
+domestic consumption this year, it said.
+    The forecast does not assume a turnaround in production
+levels until late next year.
+    It said the outlook for beef exports as a proportion of
+output remains much the same as last year when it was around 55
+pct of total production. In 1985 it was 52 pct.
+    The increase in exports of beef as a percentage of
+production has mainly been attributed to the decline in the
+Australian dollar, the AMLC said.
+    It also forecast that Australia's four major markets, the
+U.S., Japan, Canada and Taiwan, will continue to dominate the
+chilled and frozen beef export markets. They take collectively
+around 94 pct of total Australian exports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9550" NEWID="4637">
+<DATE>13-MAR-1987 02:29:13.28</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0076&#31;reute
+u f BC-CHINA'S-JANUARY-GRAIN   03-13 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA'S JANUARY GRAIN EXPORTS FALL</TITLE>
+<DATELINE>    PEKING, March 13 - </DATELINE><BODY>China's grain exports in January totaled
+386,157 tonnes, down 22.1 pct from January 1986, customs
+figures show.
+    They gave no detailed breakdown.
+    The official China Economic News quoted the figures as
+showing tea exports rose 9.7 pct to 8,474 tonnes during the
+month.
+    Imports of wool rose 117.6 pct to 10,248 tonnes over the
+same period, the figures show.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9551" NEWID="4638">
+<DATE>13-MAR-1987 02:30:02.28</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0078&#31;reute
+b f BC-SWISS-FEBRUARY-TRADE   03-13 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS FEBRUARY TRADE DEFICIT 629.7 MLN FRANCS</TITLE>
+<DATELINE>    BERNE, March 13 - </DATELINE><BODY>Switzerland had a trade deficit of 629.7
+mln Swiss francs in February compared with a revised 209.4 mln
+deficit in January and 723.2 mln shortfall in February 1986,
+the Federal Customs Office said.
+    February imports were 6.00 billion francs against exports
+of 5.37 billion.
+    Imports rose in real terms by 5.1 pct against February 1986
+while exports rose by a real 4.6 pct, the office said.
+    But a further improvement in the terms of trade left the
+deficit smaller than last year.
+    Last February's figure had also been hit by the import of
+two passenger aircraft.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9552" NEWID="4639">
+<DATE>13-MAR-1987 02:36:46.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0084&#31;reute
+u f BC-AUSTRALIAN-TREASURY-N   03-13 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN TREASURY NOTE TENDER 700 MLN DLRS</TITLE>
+<DATELINE>    SYDNEY, March 13 - </DATELINE><BODY>The Reserve Bank of Australia said it
+would offer 500 mln dlrs of 13-week treasury notes and 200 mln
+dlrs of 26-week notes for tender next week
+    The Bank said it would take up 300 mln dlrs of the 13-week
+notes at the average yield. It is not taking up any 26-week
+notes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9553" NEWID="4640">
+<DATE>13-MAR-1987 02:44:37.52</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0090&#31;reute
+u f BC-JAPAN-SHIPBUILDERS-SE   03-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SHIPBUILDERS SEEK CARTEL TO RESTRICT OUTPUT</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Japanese shipbuilders have applied to the
+state's Fair Trade Commission to form a cartel to restrict
+tonnage built to about half of total capacity for the year
+starting April 1, officials of the Shipbuilders Association of
+Japan said.
+    Under the plan, 33 yards capable of building ships of more
+than 10,000 gross tons will curtail operations to three mln
+compensated gross registered tonnes (CGRT) a year against
+capacity of about six mln CGRT.
+    The Transport Ministry estimates new orders at 3.3 mln CGRT
+in the year to March 1988 and 3.1 mln the following year.
+    The industry has curtailed production due to oversupply
+nearly every year since 1977/78, under cartel or Transport
+Ministry guidelines. The latest guidelines call for a ceiling
+of four mln CGRT in the year to March 31.
+    The cartels, self-imposed and self-regulated, are not
+legally binding, but industry finds it in its own interest to
+stick to them.
+    The slowdown in orders has been caused by the strong yen
+and a protracted worldwide shipbuilding slump.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9554" NEWID="4641">
+<DATE>13-MAR-1987 03:11:46.72</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0108&#31;reute
+u f BC-SWISS-WHOLESALE-PRICE   03-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS WHOLESALE PRICES FALL 0.3 PCT IN FEBRUARY</TITLE>
+<DATELINE>    BERNE, March 13 - </DATELINE><BODY>Swiss wholesale prices fell by 0.3 pct in
+February, giving a drop of 4.3 pct from February 1986, the
+Federal Office of Industry, Trade and Labour said.
+    Prices had been unchanged in January, giving an annual drop
+of 4.6 pct. They fell by 2.6 pct in the year to February 1986.
+    The wholesale price index, base 1963, stood at 168.5 in
+February from 176.1 last year.
+    The office said the fall was largely due to lower prices
+for energy, raw materials and semi-finished goods. Consumer
+goods prices rose slightly.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9555" NEWID="4642">
+<DATE>13-MAR-1987 03:13:28.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0110&#31;reute
+u f BC-BANGLADESH-TO-SEEK-WO   03-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH TO SEEK WORLD BANK HELP FOR INDUSTRY</TITLE>
+<DATELINE>    DHAKA, March 13 - </DATELINE><BODY>Bangladesh will seek additional money
+from the World Bank to finance industrial development which is
+facing a capital shortage and a lack of expertise, Finance
+Ministry officials said.
+    They said the government had revised downward its Annual
+Development Programme budget for this fiscal year by seven pct
+to 44.4 billion Taka.
+    A team will visit Washington next month for talks with
+World Bank executives and to ask for 200 mln dlrs from the
+bank's Industrial Programme Credit scheme, they said.
+    The new money would be in addition to nearly two billion
+dlrs aid which the World Bank, other leading agencies and donor
+countries are expected to offer Bangladesh for the year from
+July at their Paris meeting next month. They offered 1.85
+billion dlrs to the country in 1986/87.
+    The Annual Development Programme budget has been cut mainly
+because of poor tax collection and a fall in public and private
+sector industrial investment, the Finance Ministry officials
+said. They said they expect a two pct growth in the industrial
+sector this year, against a target of five pct and a growth of
+1.5 pct in 1985. They gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9556" NEWID="4643">
+<DATE>13-MAR-1987 03:21:55.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D><D>usa</D><D>uk</D><D>japan</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>simex</D><D>cbt</D><D>liffe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0124&#31;reute
+u f BC-SINGAPORE-MONETARY-EX   03-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE MONETARY EXCHANGE FACES NON-ASIAN RIVALS</TITLE>
+<AUTHOR>    By Tay Liam Hwee, Reuters</AUTHOR>
+<DATELINE>    SINGAPORE, March 13 - </DATELINE><BODY>Expanding global links between
+futures markets mean that the Singapore International Monetary
+Exchange (SIMEX) must add Chicago and London to its list of
+rivals, banking sources said.
+    When SIMEX and the Sydney Futures Exchange (SFE) introduced
+U.S. Treasury bond futures last autumn, the sources expected to
+see fierce rivalry between the two exchanges, ending with only
+one winner in Asia.
+    But surprisingly, the challenges now appear to be coming
+from the other side of the world, they said.
+    The Chicago Board of Trade (CBOT) will introduce night
+trading in its U.S. Treasury bond contract on April 30, which
+could clash with SIMEX morning activity, banking sources said.
+    The CBOT had planned to introduce night trading on April 2,
+but postponed the move to allow participants time to prepare.
+    The London International Financial Futures Exchange (LIFFE)
+could cut further into the SIMEX contract with a U.S. Treasury
+bond contract that can be offset on the CBOT, they said. Such a
+LIFFE contract is expected later this year.
+    LIFFE liquidity could be higher than at the SIMEX, where
+average daily volume in Treasury bonds dropped to 165 in
+February from 1,286 last October when the bonds were first
+introduced.
+    The contracts were set up to attract hedging from the
+rapidly growing underlying cash market in U.S. Treasury bonds
+in Toyko, but interest has waned as that market has grown more
+stable, traders said.
+    Restrictions on investments by Japanese residents have also
+inhibited the growth of the futures contracts in both Singapore
+and Sydney, the banking sources said.
+    Nevertheless, all 450 seats on SIMEX are now taken, with
+the last trading at 55,000 dlrs against the initial price of
+50,000 dlrs. The current bid is 55,500 dlrs, but offers at
+65,000 show that confidence in SIMEX remains, said Michael
+Killian, general manager of Chase Manhattan Futures Corp.
+    Killian, a SIMEX board member, said the CBOT night session
+might raise arbitrage opportunities and SIMEX would benefit
+from a local stock exchange index contract planned for the end
+of 1987. SIMEX also became more competitive after this month's
+budget eliminated withholding tax on interest earned on futures
+margin deposits.
+    Banking sources said the tax change would boost SIMEX
+trading by non-bank institutions and individuals and would
+benefit foreign firms and institutions.
+    While the Treasury bond contract has been somewhat
+disappointing, other SIMEX contracts continue to expand, Fong
+Yew Meng, SIMEX assistant general manager, told Reuters.
+    Volume in the SIMEX's Nikkei stock index, based on the
+Tokyo stock market, has risen to a daily average of more than
+1,000 contracts this month, from 320 contracts last October,
+helped by uncertainty during the recent bull run in Tokyo
+stocks, Fong said.
+    Open interest in the Nikkei contract, introduced last year,
+reached a record 2,697 on February 26.
+    Killian said the Nikkei contract has considerable potential
+for expansion, as overseas investors have been avoiding the
+contract because they currently see no need to hedge the rising
+cash market in Tokyo.
+    SIMEX is also enjoying record trading in other contracts.
+In February, total volume on the exchange reached a record
+122,819 contracts, surpassing the previous monthly record of
+116,767 set in September. Eurodollar volume reached a record
+78,546 contracts last month against 70,306 in September.
+    SIMEX is likely to try to maintain its growth by moving
+into options soon, but competition continues regionally as well
+as globally, banking sources said.
+    The Sydney exchange plans to introduce by June a share
+index futures contract based on a composite of stocks on which
+equity options are traded, which could generate more liquidity
+than the ordinary index, banking sources said.
+    Local interest in the Sydney Treasury bond contract may
+also flare if the Sydney exchange establishes a three-way link
+with Chicago and London, traders in Sydney said.
+    LIFFE is discussing such a link with the CBOT, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9557" NEWID="4644">
+<DATE>13-MAR-1987 03:29:28.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0134&#31;reute
+u f BC-KUBOTA-LTD-&lt;KUB.T>-TH   03-13 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUBOTA LTD &lt;KUB.T> THIRD QUARTER TO JANUARY 15</TITLE>
+<DATELINE>    TOKYO, March 13 -
+    </DATELINE><BODY>Group shr 53 yen vs 22
+    Net profit 3.58 billion vs profit 1.47 billion
+    Pretax profit 4.94 billion vs loss 248 mln
+    Operating profit 5.36 billion vs profit 789 mln
+    Sales 127.34 billion vs 130.22 billion
+    Nine months ended January 15
+    Group shr 134 yen vs 119
+    Net 9.10 billion vs 8.03 billion
+    Pretax 19.78 billion vs 14.77 billion
+    Operating 17.35 billion vs 16.00 billion
+    Sales 430.06 billion vs 446.26 billion
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9558" NEWID="4645">
+<DATE>13-MAR-1987 03:42:48.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0145&#31;reute
+u f BC-NATIONAL-AUSTRALIA-BA   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL AUSTRALIA BANK PLANS 75 MLN DLR CD ISSUE</TITLE>
+<DATELINE>    HONG KONG, March 13 - </DATELINE><BODY>The National Australia Bank's Hong
+Kong branch is planning a 75 mln Australian dlr floating rate
+certificate of deposit (CD) issue, banking sources said.
+    The three-year issue, which matures April 9, 1990, is in
+two tranches. Tranche A of 50 mln dlrs carries interest at 30
+basis points below one-month bank bill rate, payable monthly,
+and tranche B of 25 mln dlrs carries interest at 25 basis
+points below three-month bank bill rate, payable quarterly.
+    Fee for co-managers is 1/8 pct.
+    Lead manager is BT Asia Ltd, and syndication is expected to
+close on March 16.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9559" NEWID="4646">
+<DATE>13-MAR-1987 03:47:18.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0152&#31;reute
+u f BC-BOND-CORP-DETAILS-BON   03-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOND CORP DETAILS BOND MEDIA ISSUE</TITLE>
+<DATELINE>    PERTH, March 13 - </DATELINE><BODY>Bond Corp Holdings Ltd &lt;BONA.S> said its
+previously announced float of &lt;Bond Media Ltd> will be on the
+basis of three shares at 1.55 dlrs each for every four Bond
+Corp shares.
+    For each five Bond Corp shares, Bond Media shareholders
+will receive one free option exercisable up to March 1991, also
+at 1.55 dlrs, Bond said in a statement.
+    Bond Media will be owned about 50 pct by Bond Corp.
+    Bond Corp is injecting Kerry Packer's electronic media
+interests, which it purchased for one billion dlrs, into Bond
+Media. It is also injecting Bond's own media holdings.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9560" NEWID="4647">
+<DATE>13-MAR-1987 03:53:02.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0157&#31;reute
+u f BC-EMPEROR-MINES-TO-FLOA   03-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMPEROR MINES TO FLOAT GOLD INVESTMENT COMPANY</TITLE>
+<DATELINE>    MELBOURNE, March 13 - </DATELINE><BODY>Fiji gold miner &lt;Emperor Mines Ltd>
+said it will float a gold investment company in the Isle of Man
+to be known as &lt;Odin Mining and Investment Co Ltd>.
+    Sixty pct of Odin's 51 mln issued shares will be offered to
+Emperor shareholders on a one-for-one non-renounceable basis at
+1.20 Australian dlrs each, it said in a statement.
+    Each share will carry a free option exercisable at the same
+price up to March 1992.
+    Odin in turn will be allotted a 10 pct stake in Emperor at
+6.06 dlrs a share against the market level of about 7.70 dlrs.
+    Odin shares will be listed in Australia and New Zealand.
+    Emperor said Odin's chief activity would be strategic
+investment in emerging gold companies and projects.
+    Emperor's 22 pct stake in Australia's &lt;Nullarbor Holdings
+Ltd> and 10 pct stake in Canada's &lt;Osborne and Chappel
+Goldfields Ltd> will be transferred to Odin at substantial
+discounts to their market prices, it said.
+    The offer will not be available to shareholders registered
+in the U.S. And Britain in view of compliance costs, it said.
+    But David Kingston, of advisers &lt;Rothschild Australia Ltd>,
+told Reuters those few shareholders were being urged to switch
+their registrations to an Australian nominee.
+    Kingston said about 65 to 70 pct of Emperor's shareholders
+are domiciled outside Australia, but the vast majority are
+registered through Australian nominees and are thus entitled to
+participate.
+    Stockbroker &lt;Ord Minnett Ltd> will underwrite the issue,
+Emperor said.
+    Odin shares are expected to be listed in May, it added.
+    Emperor changed its domicile to the Isle of Man from
+Australia last October because of changes in Australian tax
+laws that would affect its tax position, even though it has no
+activities in Australia.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9561" NEWID="4648">
+<DATE>13-MAR-1987 03:54:34.68</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0160&#31;reute
+u f BC-JAPAN-CABINET-APPROVE   03-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CABINET APPROVES BILL ON GOLD COIN ISSUES</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>The cabinet has approved a bill making it
+easier for the government to issue commemorative coins, a
+Finance Ministry official said.
+    The bill, which must still be approved by parliament, would
+take effect in April 1988. It would allow the government to
+issue 1,000, 5,000 and 10,000 yen coins without special
+legislation, although higher-valued coins would still need a
+special law, the official said. At present it can only issue
+coins of 500 yen or less.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9562" NEWID="4649">
+<DATE>13-MAR-1987 04:07:32.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0170&#31;reute
+b f BC-SANDOZ-AG-&lt;SANZ.Z>-YE   03-13 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANDOZ AG &lt;SANZ.Z> YEAR 1986</TITLE>
+<DATELINE>    BASLE, March 13 - </DATELINE><BODY>Group 1986 net profit 541 mln Swiss
+francs vs. 529 mln
+    Dividend 105 francs per 250 francs nominal share vs. 100,
+21 francs per 50 franc nominal participation certificate vs 20
+    Group Turnover 8.36 billion francs vs. 8.45 billion
+    Cash Flow 956 mln francs vs. 941 mln
+    Parent company net profit 153.8 mln francs vs. 135.3 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9563" NEWID="4650">
+<DATE>13-MAR-1987 04:12:19.03</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>india</D><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0174&#31;reute
+u f BC-INDIA-IN-COUNTERTRADE   03-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA IN COUNTERTRADE DEAL FOR MALAYSIAN PALM OIL</TITLE>
+<DATELINE>    NEW DELHI, March 13 - </DATELINE><BODY>India is to partially cover the cost
+of its Malaysian palm oil imports through a countertrade deal
+involving the construction of two bridges valued at 20 mln
+dlrs, an Indian trade source told Reuters.
+    He said Malaysia agreed to the oil-for-bridges deal in
+October after India said it could no longer buy some 700,000
+tonnes of palm oil a year because of its trade deficit.
+    Malaysia has also agreed to barter palm oil for 30 mln dlrs
+of hydroelectric equipment and is interested in countertrading
+for Indian iron ore, wheat and other goods and services, he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9564" NEWID="4651">
+<DATE>13-MAR-1987 04:20:57.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0188&#31;reute
+u f BC-JAPAN-CLARIFIES-FUND   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CLARIFIES FUND MANAGEMENT REGULATIONS</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>The Finance Ministry has clarified
+regulations governing fund management, satisfying overseas
+critics who charged the rules were too tightly-drawn, ministry
+officials and Western diplomats said.
+    They said "double licensing" has been dropped so a foreign
+fund management firm need apply only for a licence for its
+Japanese subsidiary and not for the parent company as well.
+    A foreign investment management company will be permitted
+to employ only one fund manager in Japan, with another on
+standby in the home country. Domestic companies must have two.
+    In deciding whether a Japanese subsidiary of a foreign firm
+is eligible to manage funds in Japan, the ministry will take
+account of the amount of funds the parent company has under
+management, a ministry official said.
+    "This should make it very easy for foreign firms to meet the
+criteria for a licence," he said without elaborating.
+    He said the ministry expects to grant the first investment
+management licences by the end of June. Some 135 firms,
+including some 15 foreign companies, will probably be licensed
+under the new law passed late last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9565" NEWID="4652">
+<DATE>13-MAR-1987 04:23:31.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0194&#31;reute
+f f BC-ALUSUISSE-GROUP-1986   03-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> ALUSUISSE GROUP 1986 NET LOSS 688 MLN SWISS FRANCS (LOSS 756 MLN)
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9566" NEWID="4653">
+<DATE>13-MAR-1987 04:24:48.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0195&#31;reute
+f f BC-ALUSUISSE-SAYS-IT-PLA   03-13 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> ALUSUISSE SAYS IT PLANS 50 PCT CAPITAL CUT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9567" NEWID="4654">
+<DATE>13-MAR-1987 04:26:27.82</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0197&#31;reute
+u f BC-BANK-OF-JAPAN-CALLS-F   03-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN CALLS FOR LONG-TERM EFFORTS ON TRADE</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>The short-term effect of foreign exchange
+rate movements in correcting international trade imbalances
+appears to be waning, and long-term efforts are required to cut
+Japan's chronic dependence on external demand, the Bank of
+Japan said in a monthly report.
+    Japan's trade surplus in nominal terms is likely to remain
+high in the near future, the central bank said.
+    Fundamental adjustments will be needed as long as Japan
+hopes to benefit from a better international allocation of
+resources and maintain the free trade system, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9568" NEWID="4655">
+<DATE>13-MAR-1987 04:32:25.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0202&#31;reute
+u f BC-TAIWAN-ENIVIRONMENTAL   03-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ENIVIRONMENTAL PROTESTS BLOCK DU PONT PLANT</TITLE>
+<DATELINE>    TAIPEI, March 13 - </DATELINE><BODY>The U.S. Company Du Pont De Nemours &lt;DD>
+has abandoned plans to build a chemical factory near the west
+coast port of Lukang after environmental protests.
+    A company spokesman told a news conference yesterday that
+Du Pont would conduct an environmental impact study and then
+look for another site for the 160 mln U.S. Dlr titanium dioxide
+plant, the largest foreign investment project in Taiwan.
+    The decision came after almost a year of protests by
+residents who feared pollution from the plant might ruin the
+tourist industry and nearby fish farms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9569" NEWID="4656">
+<DATE>13-MAR-1987 04:34:43.42</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0207&#31;reute
+f f BC-London---Floating-rat   03-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> London - Floating rate note prices open sharply lower, dealers say
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9570" NEWID="4657">
+<DATE>13-MAR-1987 04:35:55.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0209&#31;reute
+b f BC-ALUSUISSE-&lt;ALUZ.Z>-YE   03-13 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALUSUISSE &lt;ALUZ.Z> YEAR 1986</TITLE>
+<DATELINE>    ZURICH, March 13 - </DATELINE><BODY>Net Loss 688 mln Swiss francs vs. Loss
+756 mln
+    Gross sales 5.93 billion vs. 8.51 billion
+    Operating income 198 mln francs vs 256 mln
+    Net extraordinary charges 592 mln vs 472 mln
+    Note - Company plans 50 pct capital reduction, banks to
+convert 300 mln francs of credit facilities to subordinated
+loans. No immediate plans for capital increase. Company full
+name Schweizerische Aluminium AG.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9571" NEWID="4658">
+<DATE>13-MAR-1987 04:42:21.53</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0218&#31;reute
+f f BC-Opec-deliberately-und   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Opec deliberately under 15.8 mln barrel ceiling to defend price - Subroto
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9572" NEWID="4659">
+<DATE>13-MAR-1987 04:44:36.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0224&#31;reute
+u f BC-COUNTY-INCREASES-TESC   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUNTY INCREASES TESCO STAKE IN HILLARDS</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>&lt;County Ltd>, which is acting in concert
+with Tesco Plc &lt;TSCO.L> in its 151.4 mln stg for supermarket
+chain operator &lt;Hillards Plc>, has purchased 300,000 Hillards
+ordinary shares at 316p per share, a statement said.
+    These purchases, together with those made by County on 10
+March, represent about 4.8 pct of Hillards issued ordinary
+share capital, it said.
+    Tesco's offer, made on March 10, values each Hillards
+ordinary share at 305.5p, a 37.6 pct premium over the previous
+day's  closing price. A cash alternative of 290.55p will be
+made available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9573" NEWID="4660">
+<DATE>13-MAR-1987 04:45:08.91</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0228&#31;reute
+u f BC-S.-AFRICAN-PRODUCER-P   03-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICAN PRODUCER PRICE INFLATION FALLS SHARPLY</TITLE>
+<DATELINE>    PRETORIA, March 13 - </DATELINE><BODY>South African year-on-year producer
+price inflation fell to 14.9 pct in January against 16.4 pct in
+December, Central Statistics Office figures show.
+    The all items index (base 1980) rose a monthly 0.8 pct in
+January to 233.9, after also rising 0.8 pct in December to
+232.1.
+    A year ago the index stood at 203.6 and year-on-year
+producer price inflation at 22.2 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9574" NEWID="4661">
+<DATE>13-MAR-1987 04:45:38.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0229&#31;reute
+u f BC-SANDVIK,-DIAMANT-BOAR   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANDVIK, DIAMANT BOART IN ACCORD ON JOINT VENTURE</TITLE>
+<DATELINE>    BRUSSELS, March 13 - </DATELINE><BODY>Sandvik AB &lt;SVIK.ST> and Belgian group
+&lt;Diamant Boart SA> have completed preliminary negotiations on
+forming a joint venture which will combine their oil and gas
+drilling tools activities, Diamant Boart said in a statement.
+    The two companies announced in January that they had signed
+a letter of intent to form a venture in which each would have
+equal stakes and which would have annual turnover of about 75
+mln dlrs.
+    In today's statement Diamant Board said "The results of the
+negotiations support strong synergy between the two units
+involved."
+    Diamant Boart is a wholly owned subsidiary of Sibeka SA in
+which Societe Generale de Belgique &lt;BELB.BR> has a 52 pct
+stake.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9575" NEWID="4662">
+<DATE>13-MAR-1987 04:49:41.18</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0234&#31;reute
+b f BC-SUBROTO-SEES-OIL-MARK   03-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUBROTO SEES OIL MARKET CONTINUING BULLISH</TITLE>
+<DATELINE>    JAKARTA, March 13 - </DATELINE><BODY>Indonesian Energy Minister Subroto said
+he sees the oil market continuing bullish, with underlying
+demand expected to rise later in the year.
+    He told a press conference in Jakarta at the end of a
+two-day meeting of South-East Asian Energy Ministers that he
+saw prices stabilizing around 18 dlrs a barrel.
+    "The sentiment in the market is bullish and I think it will
+continue that way as demand will go up in the third or fourth
+quarters," Subroto said.
+    Asked about the prospect for oil prices, he said: "I think
+they will stabilise around 18 dlrs, although there is a little
+turbulence ..."
+    "Of course the spot price will fluctuate, but the official
+price will remain at 18 dlrs," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9576" NEWID="4663">
+<DATE>13-MAR-1987 04:51:30.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0236&#31;reute
+u f BC-ALUSUISSE-PLANS-50-PC   03-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALUSUISSE PLANS 50 PCT CAPITAL CUT</TITLE>
+<DATELINE>    ZURICH, March 13 - </DATELINE><BODY>Schweizerische Aluminium AG &lt;ALUZ.Z>,
+Alusuisse, plans to reduce share and participation certificate
+capital by 50 pct to cover losses in 1986 and those carried
+forward from the previous year, chief executive Hans Jucker
+said.
+    Jucker told a news conference that the greatest drain on
+its financial resources had been stopped, but after
+extraordinary charges the net loss of 688 mln francs in 1986
+was only slightly under the 756 mln loss of the previous year.
+    The losses in 1986 and those carried over from 1985 made it
+necessary to reduce capital by 50 pct, he said.
+    However, Jucker said the company improved liquidity through
+a recovery in cash flow and conversion of 300 mln Swiss francs
+of credit into a subordinated loan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9577" NEWID="4664">
+<DATE>13-MAR-1987 04:52:09.23</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0238&#31;reute
+b f BC-OPEC-DEFENDING-18-DLR   03-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC DEFENDING 18 DLR PRICE, SUBROTO SAYS</TITLE>
+<DATELINE>    JAKARTA, March 13 - </DATELINE><BODY>Indonesian Energy Minister Subroto said
+OPEC is deliberately under its production ceiling of 15.8 mln
+barrels to defend its 18 dlr a barrel price target.
+    He told reporters at an energy conference in Jakarta that
+OPEC had decided to maintain its price level of 18 dlrs.
+    "We are deliberately defending the price, so OPEC production
+is less than 15.8 (mln) at the moment," he stated.
+    Asked if OPEC would increase production if prices went
+above 18 dlrs a barrel, he said this would be decided at the
+next OPEC meeting in June. "We will discuss the market situation
+then," he added.
+    He said a meeting of the OPEC Differentials Committee had
+been postponed because "there is no need for the meeting."
+    He did not elaborate. The committee had originally been due
+to meet in Vienna this week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9578" NEWID="4665">
+<DATE>13-MAR-1987 04:58:21.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0244&#31;reute
+u f BC-JAPAN-REJECTS-U.S.-OB   03-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN REJECTS U.S. OBJECTIONS TO FAIRCHILD SALE</TITLE>
+<AUTHOR>    By Linda Sieg, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>A Foreign Ministry official dismissed
+arguments made by senior U.S. Government officials seeking to
+block the sale of a U.S. Microchip maker to a Japanese firm.
+    "They appear to be linking completely unrelated issues,"
+Shuichi Takemoto of the Foreign Ministry's North American
+Division told Reuters.
+    U.S. Commerce Secretary Malcolm Baldrige has asked the
+White House to consider blocking the sale of &lt;Fairchild
+Semiconductor Corp> to Japan's Fujitsu Ltd &lt;ITSU.T>, U.S.
+Officials said yesterday.
+    Baldrige expressed concern that the sale would leave the
+U.S. Military dependent on a foreign company for vital high
+technology equipment. Pentagon officials said Defence Secretary
+Caspar Weinberger also opposes to the sale.
+    U.S. Officials have also said the sale would give Fujitsu a
+powerful role in the U.S. Market for supercomputers while
+Japan's supercomputer market remains closed to U.S. Sales.
+    Takemoto said national security should not be an issue
+since the planned purchase of Fairchild from its current owner,
+Schlumberger Ltd &lt;SLB>, does not include Fairchild's main
+defence-related division.
+    In addition, Takemoto said tension over the supercomputer
+trade should not affect the sale as Fairchild does not make
+supercomputers.
+    Analysts noted that Fairchild does make sophisticated
+microchips used in supercomputers. Fujitsu makes similar chips
+and supplies them to U.S. Supercomputer makers, they said.
+    Takemoto also dismissed U.S. Fears that the proposed
+takeover would violate U.S. Antitrust law, saying "the purchase
+would not result in Fujitsu monopolising the U.S. Semiconductor
+market."
+    Two separate issues appear to have come together to boost
+pressure to block the purchase, industry analysts said.
+    The move is in part an attempt to force Japan to open its
+domestic market to more U.S. Supercomputer sales, they said.
+    U.S. Officials have repeatedly charged that the Japanese
+public sector is closed to U.S. Supercomputer sales despite
+U.S. Firms' technological lead in the field.
+    "The United States believes Japan will only react when
+bullied, and this is a bullying ploy," Salomon Brothers Asia
+analyst Carole Ryavec said.
+    However, the analysts said more is at stake than
+supercomputer sales as the U.S. Fears it is losing its vital
+semiconductor industry to Japanese competitors.
+    "The real issue is xenophobia in (the U.S.) Silicon Valley,"
+said Tom Murtha of brokerage James Capel and Co.
+    U.S.-Japanese tension over the semiconductor trade has
+failed to subside despite recent efforts by Japan's Ministry of
+International Trade and Industry (MITI) to get Japanese firms
+to abide by a bilateral pact aimed at halting predatory pricing
+and opening Japan's market.
+    A MITI official said that while Japan is faithfully abiding
+by the agreement, problems remain in halting the sale of
+microchips in Europe and Southeast Asia at prices below those
+set by the pact.
+    "It is only a matter of time before we solve this problem,"
+he told Reuters.
+    Despite the furore, Fujitsu will proceed with talks on the
+acquisition in line with the basic agreement reached with
+Schlumberger last year, a Fujitsu spokeswoman told Reuters.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9579" NEWID="4666">
+<DATE>13-MAR-1987 05:02:16.14</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0257&#31;reute
+b f BC-BANK-OF-ENGLAND-OFFER   03-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND OFFERS EARLY HELP TO MONEY MARKET</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>The Bank of England said it invited an
+early round of bill offers to help ease tight conditions in the
+money market.
+    The bank estimated today's liquidity shortage at about 1.10
+billion stg.
+    Bills maturing in official hands and the treasury bill
+take-up would drain 1.21 billion stg from the system while a
+rise in the note circulation and below target bankers' balances
+would take out 265 mln and 180 mln respectively, the bank said.
+    Against this, exchequer transactions would add a net 535
+mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9580" NEWID="4667">
+<DATE>13-MAR-1987 05:02:39.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0260&#31;reute
+b f BC-OKB-ISSUES-100-MLN-CA   03-13 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OKB ISSUES 100 MLN CANADIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Oesterreichishce Kontrollbank AG is
+issuing a 100 mln Canadian dlr eurobond due March 20, 1997 at
+nine pct and priced at 101-7/8 pct, Morgan Guaranty Ltd said as
+joint book-runner with LTCB International.
+    The bond is available in denominations of 1,000 and 10,000
+dlrs and will be listed in Luxembourg.
+    Fees comprised 1-1/4 pct selling concession with 3/4 pct
+for management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9581" NEWID="4668">
+<DATE>13-MAR-1987 05:04:26.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0263&#31;reute
+u f BC-REAGAN-DID-NOT-RECALL   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN DID NOT RECALL APPROVING ARMS DEAL, COUNSEL</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>President Reagan's legal adviser said
+the President could not recall when he approved a 1985 arms
+sale to Iran, the New York Times reported.
+    "We were trying to stimulate his (Reagan's) recollection and
+he had no recollection, although he remembered being surprised
+about something," Peter Wallison, who is resigning, was quoted
+as saying in an interview.
+    "That led us to expect that he would not be able to recall
+(the date) when he appeared before the Tower board," Wallison
+said, referring to the question of whether Reagan gave prior
+approval to an Israeli shipment of U.S. Arms to Iran.
+    Wallison said John Poindexter, then head of the National
+Security Council (NSC), kept him from probing the scandal for
+weeks after it was first made public last November, the Times
+reported.
+    Wallison told the newspaper that Poindexter, who resigned
+from his NSC post last November 25, refused to give him
+information about the deal, despite pleas by former White House
+Chief of Staff Donald Regan.
+    "Regan told me on several occasions that he had been unable
+to move Poindexter to include me in any of the discussions or
+to provide me with ... The facts," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9582" NEWID="4669">
+<DATE>13-MAR-1987 05:06:09.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0269&#31;reute
+b f BC-CBS-ISSUES-400-MLN-DL   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBS ISSUES 400 MLN DLRS IN CONVERTIBLE DEBT</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>CBS Inc &lt;CBS.N> is issuing 400 mln dlrs
+of convertible debt due April 7, 2002 with a coupon of five pct
+and priced at par, said Morgan Stanley Ltd as lead manager.
+    The securities are convertible into shares of CBS at a
+price of 200 dlrs per share, which represents a premium of 26.2
+pct over the company's closing stock price yesterday of 158.50
+dlrs on the New York Stock Exchange.
+    The issue is callable in the first three years only if the
+stock prices rises abouve 130 pct of the conversion level.
+There is a 1-1/2 pct selling concession and a one pct combined
+management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9583" NEWID="4670">
+<DATE>13-MAR-1987 05:06:58.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0272&#31;reute
+u f BC-NAKASONE-REFUSES-TO-D   03-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE REFUSES TO DROP SALES TAX</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Japan's Prime Minister Yasuhiro Nakasone
+has refused to drop a proposed sales tax as debate on a draft
+budget for 1987 resumed after a nine-day opposition boycott.
+    "I have no plan to withdraw the sales tax as I think it is
+the best policy (for Japan)," Nakasone told the budget committee
+of the lower house of parliament.
+    Kyodo News Agency said a small group of members of
+Nakasone's ruling Liberal Democratic Party filed a complaint
+with their local headquarters calling for his expulsion from
+the party on the grounds he broke a campaign pledge by
+introducing the sales tax.
+    Nakasone admitted the tax was a major factor in an upper
+house by-election defeat for his party on Sunday.
+    The election was the first national-level poll since
+Nakasone presented his plan for overhauling Japan's tax system,
+which has remained unaltered for the past 36 years.
+    The sales tax and the planned abolition of the tax-free
+saving system are designed to offset proposed income and
+corporate tax cuts.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9584" NEWID="4671">
+<DATE>13-MAR-1987 05:08:48.63</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0279&#31;reute
+u f BC-BRITISH-WHEAT-AREA-DO   03-13 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH WHEAT AREA DOWN, MINISTRY CENSUS SHOWS</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>A total of 1.886 mln hectares was sown
+to wheat in Britain, excluding Northern Ireland, up to December
+1, 1986 for the 1987 crop, a Ministry of Agriculture census
+shows.
+    It compares with 1.925 mln planted in the same period 1985.
+    The barley area was unchanged at 952,000 ha, but oilseed
+rape increased to 393,000 from 333,000 ha.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9585" NEWID="4672">
+<DATE>13-MAR-1987 05:10:17.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0280&#31;reute
+u f BC-BELGIAN-GOVERNMENT-RE   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN GOVERNMENT REACHES BUDGETARY ACCORD</TITLE>
+<DATELINE>    BRUSSELS, March 13 - </DATELINE><BODY>Senior Belgian cabinet ministers
+reached an agreement on budgetary economies, which will allow
+the net budgetary financing requirement to remain within
+previously set limits, the government said in a statement.
+    The statement, issued as ministers ended a marathon meeting
+in the early hours of this morning, did not give further
+details.
+    However, Budget Minister Guy Verhofstadt said before the
+meeting he was seeking economies of at least 21.2 billion
+francs in order to keep the financing requirement at 418
+billion francs this year, or eight pct of Gross National
+Product.
+    The government set this figure as its target for the
+financing requirement last year when it announced a program of
+cuts designed to reduce spending by 195 billion francs in 1987.
+    However, Verhofstadt had claimed that subsequent
+developments had meant that unless further cuts were found, the
+financing requirement would be considerably higher.
+    Last year, Belgium had a financing requirement of 561
+billion francs, or 11.0 pct of GNP.
+    A government spokeswoman said the accord would be
+considered by the full cabinet later today, and Prime Minister
+Wilfried Martens would announce it to Parliament on Monday.
+    She said no details would be made public before then.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9586" NEWID="4673">
+<DATE>13-MAR-1987 05:12:44.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0283&#31;reute
+u f BC-INDIA'S-FIRST-EVER-RA   03-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA'S FIRST EVER RAIL BOND ISSUE OVERSUBSCRIBED</TITLE>
+<DATELINE>    NEW DELHI, March 13 - </DATELINE><BODY>State-owned Indian Railway Finance
+Corporation's first ever bond issue has been oversubscribed by
+3.5 to 6.0 billion rupees, brokers said.
+  The 2.5 billion rupee issue consisted of 10-year maturity
+bonds of 1,000 rupees each, earning 10 pct tax free interest.
+They were listed for subscription on major stock exchanges from
+March 2 to March 7.
+    The Corporation has sought Finance Ministry permission to
+retain the entire oversubscribed amount, brokers said. "The
+collection of such a large amount within just one working week
+is a record for the Indian capital market," one broker said.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9594" NEWID="4674">
+<DATE>13-MAR-1987 05:13:44.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0285&#31;reute
+r f BC-TAX-REVENUES-BOOST-U.   03-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAX REVENUES BOOST U.K. BUDGET OPTIONS</TITLE>
+<AUTHOR>    By Sten Stovall, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>A mix of electoral boldness and fiscal
+caution is expected from Chancellor of the Exchequer Nigel
+Lawson next week when he unveils his budget for fiscal 1987/88.
+    Exceptionally robust tax revenues have given Lawson very
+favourable budget options with which to please voters, industry
+and financial markets alike.
+    The budget will Lawson's fourth, and probably the last from
+the Conservative government before the next general election,
+political analysts say.
+    Analysts said the major budget question is how Lawson will
+balance expected tax cuts with lower public borrowing, and
+allow for fresh falls in U.K. Interest rates.
+    They said a boost given to the economy by consumer spending
+has helped reduce the Public Sector Borrowing Requirement
+(PSBR) for financial 1986/87 from an originally targetted 7.1
+billion stg, despite big rises in government spending.
+    Economists say Lawson may have up to five billion stg to
+split between income tax cuts and other electoral "sweeteners,"
+higher spending and a drop in borrowing, while still meeting
+his earlier 1987/88 PSBR target of 7.0 billion stg.
+    The decision facing Lawson is how best to use that
+so-called "fiscal adjustement" to maximise the government's
+all-round popularity ahead of the next general election.
+    Economist Ian Harwood of Warburg Securities said Lawson's
+budget must strike a balance between tax cuts aimed at home
+consumption and lower public borrowing for attracting support
+from overseas investors.
+    Peter Fellner of James Capel and Co said "a budget which
+concentrates on tax cuts for the consumer will be a budget for
+an early election."
+    Prime Minister Margaret Thatcher must call a poll before
+June, 1988. But anticipation of a summer or autumn 1987 ballot
+has risen as the opposition Labour Party has slipped in voter
+surveys. Forecasts that the economy may deteriorate later this
+year add to arguments for an early poll, analysts say.
+    The Conservatives have pledged to cut the basic rate of
+taxation in the U.K. From the current 29 pct level to 25 pct.
+    While confirming that aim, Prime Minister Margaret Thatcher
+last month seemed to dash speculation that that would happen in
+the near future. She said in a television interview that it
+would happen "Eventually. But I think it will be eventually."
+    Most market analysts now expect a two-pence reduction in
+the basic rate of taxation and a lowering in of the top rate of
+income tax from 60 pct.
+    A one billion stg cut in the 1987/88 PSBR - to six billion
+stg - is considered the minimum needed for reassuring financial
+markets, they add.
+    The Treasury's inflow of tax receipts has far surpassed
+that previously envisaged, economists say. Lawson as recently
+as December 17 said that "I very much doubt whether there will
+be much scope for reductions in taxation in next year's budget."
+    The Conservative government is eager to get the basic rate
+of tax down to 25 pct as soon as possible, since every pound
+off the tax base would make the opposition Labour Party's
+spending plans look more painful to the electorate, analysts
+say.
+    The direct revenue effect of a one penny change in the
+basic rate of income tax would be about 1.1 billion stg in
+1987/88 and 1.45 billion stg in 1988/89, Treasury figures show.
+    Lawson's budget speech to Parliament on Tuesday starts at
+1530 GMT, and is sure to echo the government's distinct tone of
+optimism, analysts say.
+     The tax measures which Lawson is expected to announce will
+be based firmly on a positive assessment of past economic
+achievements and confidence for the future, they add.
+    But even if he does cut his planned PSBR for 1987/88 by
+between one and 1.5 billion stg, as most economists predict,
+Lawson is still likely to find himself announcing a higher PSBR
+than the outturn for this financial year.^M
+    That could leave him with a presentation problem,
+economists say.
+    A lower PSBR would raise financial confidence by reassuring
+markets that the borrowing burden imposed by the government
+would stay low even if certain key aspects of the budget's
+arithmetic seem over-optimistic, economists say
+    Lawson is slated to reaffirm the government's goals, as set
+out in its Medium Term Financial Strategy (MTFS), of reducing
+inflation and raising economic growth.
+    Regarding monetary targets, some analysts expect him to
+drop the wayward broad money aggregate, sterling M-3, while
+retaining the tamer M0 narrow measure. Few foresee any other
+monetary aggregate being chosen by Lawson for formal targeting.
+    Analysts were surprised this week when the government
+sanctioned a half percentage point cut in interest rates, in an
+attempt to cool down sterling and the gilts market. Analysts
+had expected the authorities to wait until after the budget.
+    Further declines in bank base lending rates are anticipated
+after the budget. Many analysts foresee them falling by as much
+as a full percentage point from the current 10.5 pct level.
+    The main electoral attraction of reducing interest rates is
+to cut mortgage borrowing costs, and thus reduce inflation,
+analysts say. Each one percentage point cut in the mortgage
+rate reduces retail prices by 0.4 pct, government figures show.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9587" NEWID="4675">
+<DATE>13-MAR-1987 05:15:51.05</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0286&#31;reute
+f f BC-Miyazawa-says-current   03-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Miyazawa says current dollar/yen rate not necessarily satisfactory
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9588" NEWID="4676">
+<DATE>13-MAR-1987 05:16:38.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0287&#31;reute
+u f BC-JAPAN-TO-WIDEN-PARTIC   03-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO WIDEN PARTICIPATION IN TELECOM SERVICES</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Japan agreed in talks with the U.S. To
+amend its laws to allow more companies to engage in
+international value-added network telecommunications services,
+a Post and Telecommunications Ministry official said.
+    Such services make communications between otherwise
+incompatible computers possible over telecommunications lines.
+    The official said firms registering as "Special Type Two
+Telecommunications Firms," which are those leasing lines from
+common carriers, will be permitted to re-lease the lines to
+users and provide international services.
+    Steps will also be taken to assure fairness in negotiations
+between common carriers and firms seeking to lease lines, the
+official said.
+    Since December, 10 companies have registered as Special
+Type Two firms, including two which have American Telephone and
+Telegraph Co &lt;T> or McDonnell Douglas Corp &lt;MD> as major
+shareholders, the official said.
+    Currently only &lt;Kokusai Denshin Denwa Co Ltd> and &lt;Nippon
+Telegraph and Telephone Corp> are allowed to operate
+international telecommunications services.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9589" NEWID="4677">
+<DATE>13-MAR-1987 05:18:46.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0289&#31;reute
+u f BC-NORDBANKEN-POSTPONES   03-13 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORDBANKEN POSTPONES PLANNED AUCTION OF FERMENTA SHARES</TITLE>
+<DATELINE>    STOCKHOLM, March 13 - </DATELINE><BODY>Sweden's Nordbanken banking group
+
+said it would postpone indefinitely its planned auction on
+Monday of 4.2 mln B free shares deposited as loan collateral by
+Fermenta's &lt;FRMS ST> founder and former chief executive Reefat
+el-Sayed.
+    A statement cited Fermenta's financial position as the main
+reason for delay. The company's 1986 deficit had earlier been
+estimated at 136 mln crowns, but that was revised at an
+extraordinary shareholders meeting last Monday to half a
+billion crowns. The company said at the meeting a planned new
+share issue would not be launched but that another, estimated
+to raise 580 mln crowns, was scheduled for April.
+    Nordbanken said the auction was the natural result of a
+debtor's inability to repay an overdue loan. Although it
+expected to buy the shares back itself, it did not exclude
+accepting a suitable bid for them.
+    Nordbanken loaned 200 mln crowns to Reefat el-Sayed
+privately and is Fermenta's largest creditor with loans of l55
+mln crowns.
+    It was one of the four Swedish banks which last month
+agreed to advance Fermenta 110 mln crowns to solve its
+immediate liquidity problems.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9590" NEWID="4678">
+<DATE>13-MAR-1987 05:21:20.77</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>thailand</D><D>kampuchea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0294&#31;reute
+u f BC-KAMPUCHEA-SAYS-RICE-C   03-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAMPUCHEA SAYS RICE CROP IN 1986 INCREASED</TITLE>
+<DATELINE>    BANGKOK, March 13 - </DATELINE><BODY>Kampuchea harvested more than two mln
+tonnes of rice paddy in 1986, up on the crops of the previous
+two years, the official SPK news agency said yesterday.
+    Diplomats said estimates put the 1985 harvest at less than
+one mln tonnes, slightly up on 800,000 in 1984.
+    SPK said Kampuchea planned to expand planting from 1.5 mln
+to 1.93 mln hectares and boost rice paddy output to 2.5 mln
+tonnes this calendar year.
+    Two mln tonnes of paddy would produce some 1.3 mln tonnes
+of milled rice, above the 1.25 mln tonnes Kampuchea says is the
+minimum its 7.5 mln people need.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9591" NEWID="4679">
+<DATE>13-MAR-1987 05:22:31.01</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0296&#31;reute
+r f BC-CHINA-TRYING-TO-INCRE   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TRYING TO INCREASE COTTON OUTPUT, PAPER SAYS</TITLE>
+<DATELINE>    PEKING, March 13 - </DATELINE><BODY>China's 1987 cotton output must rise
+above the 1986 level of 3.54 mln tonnes or supply will fall
+short of increasing demand, the China Daily said.
+    Demand in 1986 rose 10.9 pct over 1985.
+    Output in 1986 fell from 4.15 mln tonnes in 1985 and a
+record 6.2 mln in 1984, official figures show. The China Daily
+attributed the decline to several factors, including less
+favorable weather conditions and new state measures to restrict
+cotton production after the 1984 build-up of stocks.
+    According to Customs figures, cotton exports rose to
+558,089 tonnes in calendar 1986 from 347,026 in 1985.
+    To increase output quickly, the state will raise by 10 pct
+the price it pays for cotton produced above and beyond quota
+levels, the newspaper said. Its official purchasing agencies
+will buy cotton produced in excess of that originally
+contracted for, it added.
+    The China Daily said all cotton growing areas in south
+China should be maintained, and growing in the north should be
+concentrated in Hebei, Shandong, Henan and Xinjiang.
+    It called for comprehensive planning to coordinate
+production of cotton with that of grain, edible oil and other
+crops, but gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9592" NEWID="4680">
+<DATE>13-MAR-1987 05:25:49.87</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0302&#31;reute
+b f BC-MIYAZAWA-SAYS-PRESENT   03-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS PRESENT YEN NOT NECESSARILY IDEAL</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa told a
+parliamentary session the current dollar/yen exchange rate is
+not necessarily satisfactory for the Japanese economy.
+    Miyazawa said the Paris currency accord among six major
+industrial nations last month does not necessarily mean the yen
+should stay stable around current levels in the future.
+    The Paris agreement was aimed at stopping a further rapid
+fluctuation of exchange rates, he said.
+    The accord stipulated that current rates reflect
+fundamentals of the six nations - Britain, Canada, France,
+Japan, the U.S. And West Germany.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9593" NEWID="4681">
+<DATE>13-MAR-1987 05:25:59.96</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>india</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0303&#31;reute
+b f BC-INDIA-TOOK-THREE-CARG   03-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA TOOK THREE CARGOES OF RBD OLEIN AT TENDER</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>The Indian State Trading Corporation
+(STC) bought three cargoes of rbd palm olein at its vegetable
+oil import tender yesterday, traders said. Late yesterday the
+market was reporting it had bought one to two cargoes.
+    The business comprised two 6,000 tonne cargoes for March
+15/April 15 shipments at 355 dlrs per tonne cif, and 6,000
+tonnes for May at 358 dlrs. The first two cargoes were on a
+cash basis and the May position was transacted on a 30 pct
+counter-trade basis, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9595" NEWID="4682">
+<DATE>13-MAR-1987 05:29:56.72</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0307&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-13 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 478 MLN STG EARLY HELP</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>The Bank of England said it provided the
+market with 478 mln stg of early assistance to help ease a
+liquidity shortage it estimated at 1.10 billion stg.
+    It made outright purchases of seven mln stg of band one
+bank bills at 10-3/8 pct and 30 mln stg of band two bank bills
+at 10-5/16 pct.
+    In addition, it bought 294 mln stg of paper for resale to
+the market on March 30 and 147 mln stg for resale on April 8,
+in both cases at an interest rate of 10-7/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9596" NEWID="4683">
+<DATE>13-MAR-1987 05:36:29.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0313&#31;reute
+u f BC-METAL-BOX-ISSUES-60-M   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METAL BOX ISSUES 60 MLN STG CONVERTIBLE BONDS</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>Metal Box Plc &lt;MBXL.L> is issuing 60 mln
+stg of convertible eurobonds due April 28, 2002 with an
+indicated coupon of 5-3/4 pct to six pct and priced at par,
+Swiss Bank Corp International Ltd said as lead manager. The
+conversion premium will be five to 10 pct and the price will be
+fixed on or before March 18.
+    The bonds will be callable at 106 after five months and
+until April 28, 1988 and thereafter at prices declining by one
+pct per annum until 1993 but only if the share price is 130 pct
+of the conversion price. The bonds will be listed in London and
+will be issued in denominations of 1,000 stg.
+    Fees for the issue total 2-1/2 pct, comprising 1-1/2 pct
+for selling and 1/2 pct each for management and underwriting.
+There is a 1/4 pct praecipuum. Pay date is April 28.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9597" NEWID="4684">
+<DATE>13-MAR-1987 05:40:09.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0324&#31;reute
+u f BC-ELDERS-HALVES-NOTE-FA   03-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDERS HALVES NOTE FACILITY AMOUNT, AMENDS TERMS</TITLE>
+<DATELINE>    HONG KONG, March 13 - </DATELINE><BODY>The proposed note issuance facility
+for Elders IXL Ltd has been reduced to 100 mln Australian dlrs
+from the original 200 mln dlrs, lead manager Westpac Finance
+Asia Ltd said.
+    Terms of the facility have also been amended. It will still
+be half underwritten and half uncommitted, but the underwriting
+margin has been raised to 10 basis points over the Australian
+dollar bank bill rate.
+    The margin was originally set at 6.25 basis points over
+bank bill rate for up to 50 mln dlrs and at 2.5 basis points
+for the remaining 50 mln dlrs.
+    There is a 10 basis point utilisation fee if the
+underwriters are required to pick up more than 67 pct of the
+paper issued, and a five basis point fee if they are to pick up
+34-67 pct of the paper. No utilisation fee will be charged if
+they are to pick up less than 33 pct.
+    Underwriting fee is 1/8 pct.
+    Under the facility, notes in denominations of 500,000 dlrs
+will be issued with maturities ranging from one to six months.
+    Syndication deadline has been extended to March 20 from
+today to allow banks more time to consider the facility.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9598" NEWID="4685">
+<DATE>13-MAR-1987 05:49:46.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0338&#31;reute
+u f BC-JAPAN-BROKERS-SEEK-10   03-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BROKERS SEEK 10 YEAR GOVERNMENT BOND AUCTION</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Japanese securities houses have asked the
+Finance Ministry again to consider introducing auctions of
+10-year government bonds, securities sources said.
+    Finance Ministry officials declined comment but said the
+Ministry has been aware of growing calls from securities houses
+for 10-year bond auctions.
+    Japanese securities houses also may allow foreign brokers
+to underwrite more 10-year bonds from April. Four U.S. Banks
+are expected to receive Finance Ministry approval in late April
+to operate securities subsidiaries in Japan as long as they
+hold no more than 50 pct of the capital, bankers said.
+    These firms are likely to join the syndicate, which will
+increase the number of participants in the 10-year government
+bond primary market, securities managers said.
+    Each of the 17 current foreign securities houses in the
+syndicate underwrites 0.07 pct of each issue, they said.
+    In order to expand participation by foreigners, the
+syndicate must either expand the securities industry's 26 pct
+share or introduce auctions to the primary market, they said.
+    Local brokers have requested the head of the syndicate, now
+Fuji Bank Ltd, to increase their share to 30.7 pct but banks
+oppose any cut in their 74 pct share, bankers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9599" NEWID="4686">
+<DATE>13-MAR-1987 05:54:52.56</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0344&#31;reute
+u f BC-JAPAN-PERSONAL-SAVING   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN PERSONAL SAVINGS SOAR IN 1986</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Japanese personal savings grew 10.3 pct
+in 1986 from 1985 helped by a sharp increase in stock
+investments by individuals, the Bank of Japan said.
+    Outstanding savings on December 31, 1986 totalled 545,303
+billion yen. Funds in investment trusts alone totalled 21,918
+billion yen, up 37.4 pct from a year earlier.
+    The outstanding balance also included deposits at banks and
+post offices, up 7.4 pct to 337,867 billion yen, savings in the
+form of insurance, up 18.6 pct to 111,431 billion, corporate
+bond investments, up 7.8 pct to 46,867 billion, and investments
+in trust banks, up 4.1 pct to 27,220 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9600" NEWID="4687">
+<DATE>13-MAR-1987 05:59:01.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>zse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0353&#31;reute
+u f BC-ALUSUISSE-SHARES-SUSP   03-13 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALUSUISSE SHARES SUSPENDED ON CAPITAL CUT NEWS</TITLE>
+<DATELINE>    ZURICH, March 13 - </DATELINE><BODY>Trading in shares of Schweizerische
+Aluminium AG, Alusuisse, &lt;ALUZ.Z> was suspended on the Zurich
+stock exchange after today's announcement by the company that
+it would cut its share capital by 50 pct, the bourse said.
+    The bourse said trading would resume again on Monday.
+    Alusuisse bearer shares closed at 490 francs yesterday,
+registered shares at 170 francs and the participation
+certificates at 45.50.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9601" NEWID="4688">
+<DATE>13-MAR-1987 06:03:43.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0359&#31;reute
+b f BC-NEW-ZEALAND-LAUNCHES   03-13 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND LAUNCHES 100 MLN STG EUROBOND</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>New Zealand is launching a 100 mln stg
+eurobond due April 9, 1995, priced at 100-1/4 with a 9-5/8 pct
+coupon, lead manager Warburg Securities said.
+    Fees are 3/8 pct each for management and underwriting and
+1-1/4 pct for selling. Payment date is April 9 and listing will
+be in London. The bonds will be sold in denominations of 1,000
+and 10,000 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9602" NEWID="4689">
+<DATE>13-MAR-1987 06:04:14.75</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>brazil</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0361&#31;reute
+u f BC-PETROBRAS-CANCELS-OIL   03-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETROBRAS CANCELS OIL PURCHASE FROM SAUDI ARABIA</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 13 - </DATELINE><BODY>Brazil's state oil company
+Petrobras has cancelled a 40 mln dlr crude oil purchase from
+Saudi Arabia after the Saudis refused to accept credit
+guarantees from the Bank of Brazil and did not disclose
+reasons, a Petrobras official said.
+    Export director Carlos Santana told reporters the Saudis
+were the first suppliers of oil to impose such conditions after
+Brazil's decision to halt interest payment of its commercial
+debts last month. The shipment of 2.2 mln barrels represents
+two days of consumption.
+    He said the Saudis reported they would no longer accept
+letters of credit from the Bank of Brazil or even from Saudi
+banks and that Brazil would have to obtain credit guarantees
+from leading international banks.
+    In February, Brazil had contracted to buy 125,000 bpd from
+the Saudis until June. Saudi Arabia is Brazil's second biggest
+oil supplier, with an average 115,000 bpd. Iraq is the main
+supplier with 235,000 bpd. China comes third, with 58,000 bpd.
+    "If the Saudis wish to stop our trade relationship...I am
+sure that if they do, we will be getting dozens of offers from
+elsewhere," Santana added.
+    Santana said if the Saudis change their minds and decide to
+respect the terms of the contract, then Petrobras will lift the
+order to cancel the shipment.
+    The Saudis had put similar conditions on a previous
+shipment, he added. "We telexed them saying that if they
+insisted, we would rather cancel the contract and buy the
+product elsewhere," Santana said.
+    After Petrobras threatened to cancel the contract, the
+Saudis changed their minds and decided to accept the Bank of
+Brazil's credit guarantees, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9603" NEWID="4690">
+<DATE>13-MAR-1987 06:05:03.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0362&#31;reute
+u f BC-MANNESMANN-CONSIDERIN   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANNESMANN CONSIDERING MAJORITY STAKE IN FICHTEL</TITLE>
+<DATELINE>    DUESSELDORF, March 13 - </DATELINE><BODY>A Mannesmann AG &lt;MMWG.F> spokesman
+said the company has lodged an application with the Federal
+Cartel Office for approval of a possible majority stake in car
+parts company &lt;Fichtel und Sachs AG>.
+    He described the application as a precautionary move and
+said no agreement on buying a majority stake had yet been
+reached. Until now Mannesmann has said only that it wanted to
+buy a 37.5 pct stake in Fichtel from the heirs of Ernst Wilhelm
+Sachs, the grandson of the firm's founder.
+    The spokesman declined to say from whom it may buy the
+other shares to create a majority stake in the firm.
+    Fichtel's other principal shareholders are Commerzbank AG
+&lt;CBKG.F>, with 35.01 pct, and Salzgitter AG &lt;ISLG.F>, with
+24.98 pct. Spokesmen declined to comment directly on the
+possibility of selling Fichtel shares to Mannesmann.
+    Mannesmann said in January it hoped to take a 37.5 pct
+stake in Fichtel's holding company Sachs AG in the first
+quarter.
+    Last week a spokesman said Mannesmann had a letter of
+intent on the 37.5 pct stake but completion was being delayed
+by legal questions surrounding the inheritance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9604" NEWID="4691">
+<DATE>13-MAR-1987 06:14:34.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0375&#31;reute
+u f BC-SCHWEIZERHALLE-FIRE-H   03-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHWEIZERHALLE FIRE HIT SANDOZ 1986 PROFITS</TITLE>
+<DATELINE>    BASLE, Switzerland, March 13 - </DATELINE><BODY>Sandoz AG &lt;SANZ.Z> would
+have reported a percentage rise in net profits "close to double
+figures" rather than the actual two pct had it not been for
+November's warehouse fire, a senior company official said.
+    The official, who declined to be identified, told Reuters
+Sandoz had made a substantial addition to reserves to cope with
+the consequences of the accident at Schweizerhalle, which
+caused severe pollution of the Rhine.
+    Sandoz today reported without comment a rise in net profits
+to 541 mln francs from the previous 529 mln and a five pct
+increase in dividend to 105 francs per 250 franc nominal share.
+    This year began well, with the performance in January and
+February at least equal to the same period last year, the
+official said.
+    The company is expected to give fuller details of its
+results at a news conference on April 22.
+    Sandoz has insisted that it is adequately insured to cover
+any liability arising from the accident.
+    The official said the addition to reserves was to cover the
+"one pct" of claims somehow not covered and any voluntary
+gestures it wanted to compensate for the effects of pollution
+from the fire.
+    Sandoz has not given any figure for claims, which have been
+flowing in from Switzerland and other countries bordering the
+Rhine since the accident.
+    However, the official said the final figure would be "much
+less than that cited in earlier comments." He gave no further
+details.
+    In line with fellow chemical giant Ciba-Geigy &lt;CIGZ.Z>,
+which reported last month, Sandoz profit and turnover were also
+hit by the falling dollar, the official said.
+    Sales in local currency terms were up by 14 pct, with
+market share increases in the United States and Japan. But this
+was more than offset by a 15 pct negative foreign exchange
+effect, which produced the reported one pct drop in turnover to
+8.36 billion francs,the Sandoz official said.
+    Net profit at Ciba-Geigy dropped by 21 pct to 1.16 billion
+francs, while sales fell by 12 pct to 15.95 billion francs.
+    The third major Swiss chemical company, F. Hoffmann-La
+Roche and Co &lt;HOFZ.Z> has not yet reported its results.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9605" NEWID="4692">
+<DATE>13-MAR-1987 06:24:01.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0385&#31;reute
+b f BC-ALUSUISSE-SEES-POSSIB   03-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALUSUISSE SEES POSSIBLE BREAK-EVEN IN 1987</TITLE>
+<DATELINE>    ZURICH, March 13 - </DATELINE><BODY>Schweizerische Aluminimum AG &lt;ALUZ.Z>
+(Alusuisse) may be able to break even this year after cleansing
+its balance sheet for 1986, chief executive Hans Jucker said.
+    "The threshold of profitability has returned to the
+foreseeable future," he said. "We expect already in 1987
+approximately to break even. That presupposes, however, that
+our industrial environment does not worsen."
+    He said Alusuisse would no longer face the burden of past
+losses.
+    Alusuisse made a net loss of 688 mln Swiss francs in 1986
+after a restated 756 mln loss in 1985.
+    Gross sales were 5.93 billion francs after 8.51 billion and
+net turnover 5.65 billion after 8.00 billion.
+    Alusuisse had originally reported a 692 mln francs loss for
+1985.
+    But Jucker and Finance Director Hermann Haerri told a news
+conference the new management installed a year ago had decided
+to restate the previous five years' accounts to eliminate
+rights on Australian bauxite previously in the books as an
+asset.
+    Together with other one-off charges, Alusuisse took an
+gross extraordinary charge in 1986 of 698 mln francs, up from
+472 mln in 1985.
+    It also had 106 mln extraordinary income in 1986 remaining,
+after provisions, from the sale of its Maremont Corp subsidiary
+in the United States. There were no extraordinary gains in
+1985.
+    Jucker said the losses, plus those carried forward from
+1985, had wiped out the company's remaining reserves and
+exceeded legally allowed levels, forcing Alusuisse to adopt a
+50 pct capital cut, to be approved by shareholders on April 22.
+    Jucker said he knew shareholders would find this "radical
+elimination of the mortgages of the past" painful, but said the
+foundation had been laid for a successful new company strategy.
+    Haerri said despite the losses, the company's liquidity was
+strong. Bank debt had been cut by about one-third to 2.56
+billion francs against the end-1985 level of 3.85 billion.
+    Cash flow improved substantially to 323 mln francs from 111
+mln and represented 5.7 pct of turnover against a mere 1.4 pct
+in 1985.
+    In addition, to reassure other creditors, Alusuisse had
+arranged with three major Swiss banks -- Union Bank of
+Switzerland &lt;SBGZ.Z>, Swiss Bank Corp &lt;SBVZ.Z> and Credit
+Suisse &lt;CRSZ.Z>, to convert 300 mln francs of credits into a
+subordinated loan.
+    The main sources of losses in 1986 were book losses and not
+cash losses, Haerri said. Existing credit lines were used only
+to a small extent, and the parent company had been granted a
+new credit line of 200 mln francs from a consortium of Swiss
+banks that would cover most of the loans falling due in 1987.
+    Haerri said the company had been criticized for maintaining
+bauxite rights as an asset, and so had restated the accounts.
+    That left the 1985 account with a 756 mln franc loss
+instead of 692 mln, 1984 with a 68 mln profit instead of 169
+mln, 1983 with a 217 mln loss instead of 82 mln and 1982 with a
+479 mln loss instead of 179 mln.
+    The new accounts show 1985 with shareholders' equity of
+1.15 billion francs instead of 1.75 billion, and similar
+alternations were made for previous years.
+    After 1986 losses, shareholder's equity stood at only 895
+mln francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9606" NEWID="4693">
+<DATE>13-MAR-1987 06:24:41.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0387&#31;reute
+b f BC-DUTCH-CHEMICAL-GROUP   03-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH CHEMICAL GROUP LAUNCHES DUAL CURRENCY BOND</TITLE>
+<DATELINE>    AMSTERDAM, March 13 - </DATELINE><BODY>Dutch state-owned chemical group N.V.
+DSM is launching a 150 mln guilder dual currency bond with a
+7-1/4 pct coupon due 1992 and priced at par, lead manager
+Algemene Bank Nederland N.V. Said.
+    Interest will be paid in guilders and each 1,000-guilder
+bond will be redeemed in 313.00 sterling on April 15, 1992.
+    Subscription closes Friday March 20, payment date is April
+15, listing will be on the Amsterdam stock exchange.
+    Co-leads are Bank Mees en Hope, AMRO Bank and Citicorp
+Investment Bank (Netherlands). The management group consists of
+RABO, NMB, CLN Oyens en van Eeghen and F van Lanschot Bankiers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9607" NEWID="4694">
+<DATE>13-MAR-1987 06:27:11.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0390&#31;reute
+u f BC-FRANCE-EXPECTS-TO-SIG   03-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE> FRANCE EXPECTS TO SIGN DISNEYLAND CONTRACT BY NEXT MONTH</TITLE>
+<DATELINE>    PARIS, March 13 - </DATELINE><BODY>The French government and Walt Disney Co
+ &lt;DIS.N> expect to sign a contract for Europe's first
+Disneyland amusement park before the end of next month, a
+senior French official said today.
+    The complex, to be built 20 miles east of Paris, will
+include a so-called "Magic Kingdom" theme park, outdoor
+recreation, shops and hotels.
+    Initial investment by Walt Disney and a group of French and
+other investors has been put at around eight billion francs for
+the project's central theme park.
+    A preliminary agreement was reached in December 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9608" NEWID="4695">
+<DATE>13-MAR-1987 06:29:58.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0401&#31;reute
+u f BC-JAPAN-CORPORATE-PROFI   03-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CORPORATE PROFITS IN LAST 1986 QUARTER UP</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Current profits of Japan's major firms in
+the October-December quarter rose four pct from a year earlier
+to 5,654 billion yen against a 2.6 pct year-on-year rise in the
+preceding quarter, the Finance Ministry said.
+    The improved earnings resulted mainly from a 22.5 pct
+profit increase in non-manufacturing industries, supported by
+an 88.7 pct rise for construction firms and a 138 pct gain in
+real estate, according to a ministry survey.
+    Total sales of the 15,308 firms with capital of 10 mln yen
+or more which responded to the poll, fell one pct to 217,217
+billion yen against a 1.2 pct fall the previous quarter.
+    Current profits of manufacturing industries in the fourth
+quarter dropped 13.7 pct to 2,394 billion yen against a 22.1
+pct fall in the preceding quarter, the ministry said.
+    Plant and equipment investments of all firms polled fell
+3.9 pct to 8,004 billion yen, compared with a 1.4 percent fall
+the previoius quarter.
+    Ministry officials said the survey showed that the Japanese
+economy is in a delicate stage in which it is hard to tell if
+economic growth has stopped deteriorating or if the economy is
+heading for a recovery.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9609" NEWID="4696">
+<DATE>13-MAR-1987 06:51:10.66</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>sudan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0419&#31;reute
+u f BC-U.S.-LENDS-SUDAN-57-M   03-13 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LENDS SUDAN 57 MLN DLRS FOR WHEAT PURCHASES</TITLE>
+<DATELINE>    KHARTOUM, March 13 - </DATELINE><BODY>The U.S. Is to lend Sudan 57 mln dlrs
+to buy 309,000 tonnes of wheat and 73,000 tonnes of wheat
+flour, according to an agreement signed here.
+    Under the agreement Sudan will receive 50 mln dlrs for the
+commodities and the rest for sea transportation.
+    The loan is repayable in 40 years, including a 10-year
+grace period. Interest will be two pct for the grace period and
+three pct over the repayment period of 30 years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9610" NEWID="4697">
+<DATE>13-MAR-1987 07:02:37.86</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0436&#31;reute
+u f BC-ALUSUISSE-PLANS-FURTH   03-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALUSUISSE PLANS FURTHER ALUMINIUM CAPACITY CUTS</TITLE>
+<DATELINE>    ZURICH, March 13 - </DATELINE><BODY>Schweizerische Aluminium AG &lt;ALUZ.Z>
+(Alusuisse) plans further drastic cuts in its aluminium
+smelting capacity and more concentration of higher value-added
+products, chief executive Hans Jucker said.
+    Elaborating on plans disclosed in outline last September,
+company officials said current smelting capacity of 390,000
+tonnes a year would be cut to between 250,000 and 260,000
+tonnes by 1989 or 1990. They did not say where cuts might be
+made.
+    Two years ago, before selling its Ormet Corp subsidiary in
+the United States to local management and staff, Alusuisse had
+an annual capacity of 800,000 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9611" NEWID="4698">
+<DATE>13-MAR-1987 07:08:14.10</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0452&#31;reute
+f f BC-embargoed-0700edt****   03-13 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA FEBRUARY UNEMPLOYMENT FALLS TO 9.6 PCT FROM JANUARY 9.7 PCT, STATISTICS CANADA SAID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9612" NEWID="4699">
+<DATE>13-MAR-1987 07:08:35.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0455&#31;reute
+u f BC-MAJOR-DIVESTMENT-PLAN   03-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR DIVESTMENT PLANS OUTLINED FOR SINGAPORE</TITLE>
+<DATELINE>    SINGAPORE, March 13 - </DATELINE><BODY>The Singapore government should
+reduce its stake in major state-owned or run companies like
+Singapore Airlines Ltd &lt;AIRH.SI> to around 30 pct over the next
+decade and privatise statutory boards, a government report
+said.
+    The report of the Public Sector Divestment Committee also
+recommended flotation of as many government-linked companies
+(glcs) as possible, and secondary distribution of state-owned
+shares to add breadth and depth to the Singapore stock market.
+    The Singapore government owns or backs 608 companies under
+three holding companies with total assets in access of 10
+billion dlrs, the report said.
+    The report said a study of 99 glcs showed that 41 of them
+should be privatised, 52 should not be privatised, and six
+should be studied further because they have foreign government
+participation, serve a "social mission," or are defence-related.
+    Of the 41, 15 should seek listing on The Stock Exchange of
+Singapore Dealing and Automated Quotation System (SESDAQ),
+including shipyards, printing firms and airport service firms.
+    The government should privatise a further 17, including
+Intraco Ltd (a government trading firm), Chemical Industries
+(FE) Ltd, and Acma Electrical Industries Ltd, and reduce its
+stake in nine, it added.
+    These included Singapore Airlines, SIA, now 63 pct-owned by
+the government's Temasek Holdings, The Development Bank of
+Singapore &lt;DBSM.SI>, Keppel Corp Ltd &lt;KPLM.SI>, Sembawang
+Shipyard Ltd &lt;BAWH.SI> and Neptune Orient Lines Ltd.
+    The ceiling on foreign ownership of SIA should be allowed
+to rise to 49 pct from the current 20 pct, it said.
+    "The committee recommends that Temasek Holdings reduces its
+stake (in SIA) in tranches to around 30 pct. The size and
+timing of each tranche would depend on the absorptive capacity
+of the Singapore stock market," it added.
+    Trading in shares of SIA, which has a paid-up capital of
+619 mln dlrs, closed here today at 10.60 dlrs.
+    The report said the government's 48 pct stake in DBS, one
+of Singapore's four major local banks, should be cut to 30 pct
+through public offerings or dilution by issuing new shares.
+    Among firms which should not be privatised, nine are to be
+wound up, it said, including storage and food trading firms.
+    The report said seven statutory boards should be considered
+for privatisation so as to reduce competition with the private
+sector, with a 20 pct ceiling on foreign ownership.
+    The seven include the Telecommunications Authority of
+Singapore, the Public Utilities Board, the Port of Singapore
+Authority, the Civil Aviation Authority of Singapore and the
+Singapore Broadcasting Corp.
+    The latter is least able to be privatised because of the
+sensitivity of its activities, it said.
+    "The others can be privatised only after various issues have
+been thoroughly debated and adequate safeguards formulated for
+post-privatisation control and regulation," it added.
+    "The committee recommends that as many government-linked
+companies as possible should be privatised," the report said.
+    But it added that there should be "a policy of robust
+privatisation where initiative is decentralised and order is
+maintained through adequate monitoring, control and direction."
+    The committee's findings will be subject to final approval
+from the Ministry of Finance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9613" NEWID="4700">
+<DATE>13-MAR-1987 07:09:33.12</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0457&#31;reute
+b f BC-embargoed-0700edtCANA   03-13 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA FEBRUARY UNEMPLOYMENT 9.6 PCT</TITLE>
+<DATELINE>    OTTAWA, March 13 - </DATELINE><BODY>Canada's February unemployment rate,
+seasonally adjusted, fell to 9.6 pct from 9.7 pct in January,
+Statistics Canada said. The rate was 9.8 pct in February last
+year.
+    Seasonally adjusted employment in February was 11,777,000,
+compared with 11,747,000 in January, while unemployment slipped
+to 1,252,000 from 1,255,000.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9614" NEWID="4701">
+<DATE>13-MAR-1987 07:12:50.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0464&#31;reute
+f f BC-FRENCH-1986-BUDGET-DE   03-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH 1986 BUDGET DEFICIT CUT TO 141.1 BILLION FRANCS FROM 143.6 BILLION - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9615" NEWID="4702">
+<DATE>13-MAR-1987 07:13:34.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0466&#31;reute
+b f BC-GENERALE-OCCIDENTALE   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERALE OCCIDENTALE SEEKS 100 MLN DLR FACILITY</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>Generale Occidentale, Paris, has
+mandated Orion Royal Bank Ltd to arrange a 100 mln dlr
+revolving credit facility, Orion said.
+    Borrowings under the seven-year facility can be in dollars
+or other currencies where available. Drawings will be at 3/8
+pct over the London interbank offered rate for one, three or
+six months or at 1/8 pct over Royal Bank of Canada's U.S. Prime
+rate for periods of one to 30 days.
+    There will be a commitment fee of 1/4 pct per annum on the
+unutilised available amount and 1/8 pct on the amount
+designated as unavailable.
+    Proceeds from the facility will be used to refinance an
+existing loan facility and provide a flexible source of finance
+for general corporate purposes.
+    Generale Occidentale, a rare borrower in the international
+capital markets, is engaged in food distribution, forestry, oil
+production and media activities with interests in Europe and
+North America.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9616" NEWID="4703">
+<DATE>13-MAR-1987 07:15:13.37</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0474&#31;reute
+u f BC-MIYAZAWA-SAYS-PRESENT   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS PRESENT YEN NOT NECESSARILY IDEAL</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa told a
+parliamentary session the current dollar/yen exchange rate is
+not necessarily satisfactory for the Japanese economy.
+    Miyazawa said the Paris currency accord among six major
+industrial nations last month does not necessarily mean the yen
+should stay stable around current levels in the future.
+    The Paris agreement was aimed at stopping a further rapid
+fluctuation of exchange rates, he said.
+    The accord stipulated that current rates reflect
+fundamentals of the six nations - Britain, Canada, France,
+Japan, the U.S. And West Germany.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9617" NEWID="4704">
+<DATE>13-MAR-1987 07:16:22.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0475&#31;reute
+r f BC-CBS-ISSUES-400-MLN-DL   03-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBS ISSUES 400 MLN DLRS IN CONVERTIBLE DEBT</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>CBS Inc &lt;CBS.N> is issuing 400 mln dlrs
+of convertible debt due April 7, 2002, with a coupon of five
+pct and priced at par, said Morgan Stanley Ltd as lead manager.
+    The securities are convertible into shares of CBS at a
+price of 200 dlrs per share, which represents a premium of 26.2
+pct over the company's closing stock price yesterday of 158.50
+dlrs on the New York Stock Exchange.
+    The issue is callable in the first three years only if the
+stock prices rises abouve 130 pct of the conversion level.
+There is a 1-1/2 pct selling concession and a one pct combined
+management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9618" NEWID="4705">
+<DATE>13-MAR-1987 07:16:37.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0476&#31;reute
+h f BC-NAKASONE-REFUSES-TO-D   03-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE REFUSES TO DROP SALES TAX</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Japan's Prime Minister Yasuhiro Nakasone
+has refused to drop a proposed sales tax as debate on a draft
+budget for 1987 resumed after a nine-day opposition boycott.
+    "I have no plan to withdraw the sales tax as I think it is
+the best policy (for Japan)," Nakasone told the budget committee
+of the lower house of parliament.
+    Kyodo News Agency said a small group of members of
+Nakasone's ruling Liberal Democratic Party filed a complaint
+with their local headquarters calling for his expulsion from
+the party on the grounds he broke a campaign pledge by
+introducing the sales tax.
+    Nakasone admitted the tax was a major factor in an upper
+house by-election defeat for his party on Sunday.
+    The election was the first national-level poll since
+Nakasone presented his plan for overhauling Japan's tax system,
+which has remained unaltered for the past 36 years.
+    The sales tax and the planned abolition of the tax-free
+saving system are designed to offset proposed income and
+corporate tax cuts.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9619" NEWID="4706">
+<DATE>13-MAR-1987 07:17:16.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f0478&#31;reute
+r f BC-OKB-ISSUES-100-MLN-CA   03-13 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OKB ISSUES 100 MLN CANADIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 12 - </DATELINE><BODY>Oesterreichishce Kontrollbank AG is
+issuing a 100 mln Canadian dlr eurobond due March 20, 1997 at
+nine pct and priced at 101-7/8 pct, Morgan Guaranty Ltd said as
+joint book-runner with LTCB International.
+    The bond is available in denominations of 1,000 and 10,000
+dlrs and will be listed in Luxembourg.
+    Fees comprised 1-1/4 pct selling concession with 3/4 pct
+for management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9620" NEWID="4707">
+<DATE>13-MAR-1987 07:18:48.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0480&#31;reute
+r f BC-JAPAN-TO-COORDINATE-S   03-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO COORDINATE STUDY OF SUPERCONDUCTORS</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Japan will carry out a
+government-coordinated study of uses for superconducting
+materials, the Ministry of International Trade and Industry
+(MITI) said.
+    University and industry representatives will start
+discussions in April on basic research and possible
+applications, Masatoshi Urashima, MITI's director for
+development of future basic technology, said.
+    Superconductors, which conduct electricity with very low
+resistance, could be used in computers, semiconductors and high
+speed trains, he said.
+    Urashima said recent discoveries of superconductive
+materials which do not need extremely low temperatures led to
+MITI's decision to coordinate research.
+    MITI's electric technology laboratory is currently
+researching energy efficiency and superconductive electrical
+generation, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9621" NEWID="4708">
+<DATE>13-MAR-1987 07:19:29.26</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0482&#31;reute
+h f BC-JAPAN-CABINET-APPROVE   03-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CABINET APPROVES BILL ON GOLD COIN ISSUES</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>The cabinet has approved a bill making it
+easier for the government to issue commemorative coins, a
+Finance Ministry official said.
+    The bill, which must still be approved by parliament, would
+take effect in April 1988. It would allow the government to
+issue 1,000, 5,000 and 10,000 yen coins without special
+legislation, although higher-valued coins would still need a
+special law, the official said. At present it can only issue
+coins of 500 yen or less.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9622" NEWID="4709">
+<DATE>13-MAR-1987 07:20:37.53</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>tamura</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0483&#31;reute
+r f BC-JAPAN-MINISTER-SAYS-A   03-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MINISTER SAYS ABOUT 170 YEN APPROPRIATE</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>International Trade and Industry Minister
+Hajime Tamura told a parliamentary session Japan's small- and
+medium-sized enterprises are seriously suffering from the yen's
+rise and can only stand levels around 170 yen.
+    He also said he still believes a dollar exchange rate level
+plus or minus 10 yen from 170 yen would be within levels agreed
+upon last month in Paris by six major industrial nations.
+Finance ministers of Britain, Canada, France, Japan, the U.S.
+And West Germany agreed on February 22 to cooperate in
+stabilizing exchange rates around the current levels. The
+dollar had closed here at 153.77 yen on February 20.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9623" NEWID="4710">
+<DATE>13-MAR-1987 07:22:00.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0487&#31;reute
+b f BC-FRENCH-1986-BUDGET-DE   03-13 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH 1986 BUDGET DEFICIT REVISED DOWN</TITLE>
+<DATELINE>    PARIS, March 13 - </DATELINE><BODY>France's 1986 budget deficit has been
+revised down to 141.1 billion francs from the estimate at the
+end of last year of 143.6 billion, the Finance Ministry said.
+    This compares with the 1985 budget deficit of 153.3 billion
+francs and the deficit target for this year of 129 billion.
+    The ministry said it was the first time since 1980 that the
+final budget deficit had been below the initial target.
+    The budget deficit corresponded to 2.87 pct of the gross
+domestic product (GDP), down from 3.35 pct in 1985.
+    This year the government is aiming to cut the budget
+deficit to 2.5 pct, reducing it further to two pct in 1988.
+    Expenditure totalled 1,228 billion francs last year, up 6.1
+pct from 1985, while receipts rose 7.3 pct to 1,076 billion.
+    The 1986 budget deficit excludes IMF credits and activities
+of the exchange stabilisation fund, but takes account of a four
+billion franc payment to the public debt depreciation fund from
+income from the privatisation programme.
+    The ministry also said that the 1986 expenditure total
+included the integration into the general budget of Treasury
+loans to the steel industry, which had a neutral impact on the
+deficit but boosted the spending figure.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9624" NEWID="4711">
+<DATE>13-MAR-1987 07:22:10.34</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0488&#31;reute
+d f BC-TWO-BRAZILIAN-SHIPPIN   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO BRAZILIAN SHIPPING FIRMS SETTLE WITH STRIKERS</TITLE>
+<DATELINE>    SAO PAULO, March 12 - </DATELINE><BODY>Two small shipping companies have
+reached a pay deal with striking seamen, but union leaders said
+most of Brazil's 40,000 seamen were still on strike.
+    A union spokesman in Rio de Janeiro said the seamen had
+accepted a 120 pct pay offer from the companies, Globo and
+Flumar, which have less than 200 employees each.
+    The two-week strike comes as Brazil faces a debt crisis and
+is delaying exports badly needed to earn foreign exchange.
+    Labour Minister Almir Pazzionotto said the government will
+not force a settlement of the strike, which was ruled illegal
+last Friday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9625" NEWID="4712">
+<DATE>13-MAR-1987 07:23:42.60</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0491&#31;reute
+r f BC-MIYAZAWA-SAYS-EXCHANG   03-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS EXCHANGE RATES WILL STAY STABLE</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa told a
+press conference he thinks exchange rates will remain stable
+due to the currency accord reached in Paris last month by six
+major industrialised nations but he did not say for how long.
+    The dollar has hovered around 153 yen since the six agreed
+to cooperate to bring about currency stability.
+    Asked to comment on remarks by some U.S. Officials calling
+for a further decline of the dollar, Miyazawa said only the
+U.S. President and the U.S. Treasury Secretary can make
+official statements about exchange rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9626" NEWID="4713">
+<DATE>13-MAR-1987 07:25:24.07</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0498&#31;reute
+u f BC-SUBROTO-SEES-OIL-MARK   03-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUBROTO SEES OIL MARKET CONTINUING BULLISH</TITLE>
+<DATELINE>    JAKARTA, March 13 - </DATELINE><BODY>Indonesian Energy Minister Subroto said
+he sees the oil market continuing bullish, with underlying
+demand expected to rise later in the year.
+    He told a press conference in Jakarta at the end of a
+two-day meeting of South-East Asian Energy Ministers that he
+saw prices stabilizing around 18 dlrs a barrel.
+    "The sentiment in the market is bullish and I think it will
+continue that way as demand will go up in the third or fourth
+quarters," Subroto said.
+    Asked about the prospect for oil prices, he said: "I think
+they will stabilise around 18 dlrs, although there is a little
+turbulence ..."
+    "Of course the spot price will fluctuate, but the official
+price will remain at 18 dlrs," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9627" NEWID="4714">
+<DATE>13-MAR-1987 07:26:29.64</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0505&#31;reute
+u f BC-OPEC-DEFENDING-18-DLR   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC DEFENDING 18 DLR PRICE, SUBROTO SAYS</TITLE>
+<DATELINE>    JAKARTA, March 13 - </DATELINE><BODY>Indonesian Energy Minister Subroto said
+OPEC is deliberately under its production ceiling of 15.8 mln
+barrels to defend its 18 dlr a barrel price target.
+    He told reporters at an energy conference in Jakarta that
+OPEC had decided to maintain its price level of 18 dlrs.
+    "We are deliberately defending the price, so OPEC production
+is less than 15.8 (mln) at the moment," he stated.
+    Asked if OPEC would increase production if prices went
+above 18 dlrs a barrel, he said this would be decided at the
+next OPEC meeting in June. "We will discuss the market situation
+then," he added.
+    He said a meeting of the OPEC Differentials Committee had
+been postponed because "there is no need for the meeting."
+    He did not elaborate. The committee had originally been due
+to meet in Vienna this week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9628" NEWID="4715">
+<DATE>13-MAR-1987 07:30:03.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0512&#31;reute
+u f BC-AKZO-PHARMA-UNIT-IN-V   03-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AKZO PHARMA UNIT IN VENTURE WITH BIOTECHNOLOGY</TITLE>
+<DATELINE>    OSS, Netherlands, March 13 - </DATELINE><BODY>&lt;Organon International BV>, a
+subsidiary of the pharmaceutical division of Dutch chemical
+group Akzo NV &lt;AKZO.AS>, said it agreed to cooperate in drug
+research and development with &lt;California Biotechnology Inc>.
+    Organon will receive world clinical development and
+marketing rights for any products pioneered under the agreement
+with the U.S. Firm, an Organon spokesman said. He gave no
+further details.
+    The two companies will be looking at drugs to treat
+ailments of the nervous system like Alzheimer's disease which
+often affects the elderly, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9629" NEWID="4716">
+<DATE>13-MAR-1987 07:30:17.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0514&#31;reute
+u f BC-NEWS-INTERNATIONAL-BO   03-13 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWS INTERNATIONAL BOND INCREASED TO 150 MLN DLRS</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>A three-year eurobond launched earlier
+this week for News International Plc &lt;NWSL.L> has been
+increased to 150 mln dlrs from 100 mln due to good demand, lead
+manager Credit Suisse First Boston Ltd said.
+    The bonds pay 7-1/2 pct and were priced at par.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9630" NEWID="4717">
+<DATE>13-MAR-1987 07:30:29.08</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0515&#31;reute
+r f BC-BANK-OF-JAPAN-CALLS-F   03-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN CALLS FOR LONG-TERM EFFORTS ON TRADE</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>The short-term effect of foreign exchange
+rate movements in correcting international trade imbalances
+appears to be waning, and long-term efforts are required to cut
+Japan's chronic dependence on external demand, the Bank of
+Japan said in a monthly report.
+    Japan's trade surplus in nominal terms is likely to remain
+high in the near future, the central bank said.
+    Fundamental adjustments will be needed as long as Japan
+hopes to benefit from a better international allocation of
+resources and maintain the free trade system, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9631" NEWID="4718">
+<DATE>13-MAR-1987 07:31:44.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0518&#31;reute
+r f BC-JAPAN-CLARIFIES-FUND   03-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CLARIFIES FUND MANAGEMENT REGULATIONS</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>The Finance Ministry has clarified
+regulations governing fund management, satisfying overseas
+critics who charged the rules were too tightly-drawn, ministry
+officials and Western diplomats said.
+    They said "double licensing" has been dropped so a foreign
+fund management firm need apply only for a licence for its
+Japanese subsidiary and not for the parent company as well.
+    A foreign investment management company will be permitted
+to employ only one fund manager in Japan, with another on
+standby in the home country. Domestic companies must have two.
+    In deciding whether a Japanese subsidiary of a foreign firm
+is eligible to manage funds in Japan, the ministry will take
+account of the amount of funds the parent company has under
+management, a ministry official said.
+    "This should make it very easy for foreign firms to meet the
+criteria for a licence," he said without elaborating.
+    He said the ministry expects to grant the first investment
+management licences by the end of June. Some 135 firms,
+including some 15 foreign companies, will probably be licensed
+under the new law passed late last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9632" NEWID="4719">
+<DATE>13-MAR-1987 07:34:10.97</DATE>
+<TOPICS><D>rice</D><D>grain</D></TOPICS>
+<PLACES><D>burma</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0521&#31;reute
+r f BC-BURMESE-PADDY-PRODUCT   03-13 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURMESE PADDY PRODUCTION LOWER IN 1986/87</TITLE>
+<DATELINE>    RANGOON, March 13 - </DATELINE><BODY>Burma's paddy production fell to 729.4
+mln baskets in fiscal year 1986-1987 (to end March) from 737.3
+mln in 1985-1986, a cabinet report to parliament said.
+    A basket is a local measure equal to 46 lbs.
+    Paddy output in 1984-1985 was 699.1 mln baskets, it said.
+    Burma's "Green Revolution" sparked by the introduction of
+high-yield variety paddy strains in the mid-1970s appears to
+have hit a plateau with production levelling off over the past
+two years, economists said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9633" NEWID="4720">
+<DATE>13-MAR-1987 07:36:10.81</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0523&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 168 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>The Bank of England said it provided the
+money market with a further 168 mln stg of assistance to help
+offset a shortage it now estimated at 1.05 billion stg, revised
+down from 1.10 billion.
+    It bought 21 mln stg of bank bills outright, 20 mln in band
+one at 10-3/8 pct and one mln in band two at 10-5/16 pct. In
+addition, it bought 98 mln stg of bills for resale on March 30
+and 49 mln stg for resale April 8 at an interest rate of
+10-7/16 pct. All these rates are the same as for today's
+earlier help.
+    So far today, the bank has provided the market with
+assistance worth 646 mln stg.
+    The bank also announced the rates applicable to temporary
+lending facilities rolled over today.
+    The average mid-market rate for lending rolled over for one
+week is 10-15/16 pct and for two weeks 10-5/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9634" NEWID="4721">
+<DATE>13-MAR-1987 07:45:01.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0538&#31;reute
+u f BC-LIBERALS-HOLD-TRURO-I   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBERALS HOLD TRURO IN U.K. BY-ELECTION</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>The Liberal party easily won the Truro
+by-election with almost twice as many votes as its nearest
+rival, the Press Association news agency reported.
+    The poll in the South-West of England constituency was
+called after the death of the previous member of parliament,
+also a member of the Liberal party.
+    Matthew Taylor raised the Liberal majority by winning
+30,599 votes. Conservative Nicholas St Aubyn was second with
+15,982 while Labour candidate John King polled 3,603.
+    The last by-election, in the London suburb of Greenwich,
+was won by the Social Democrat-Liberal alliance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9635" NEWID="4722">
+<DATE>13-MAR-1987 07:54:43.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0553&#31;reute
+f f BC-AIRBUS-SAYS-IT-HAS-10   03-13 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AIRBUS SAYS IT HAS 104 COMMITMENTS FROM NINE CUSTOMERS FOR A330/340 PLANE PROGRAM
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9636" NEWID="4723">
+<DATE>13-MAR-1987 07:57:12.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0555&#31;reute
+f f BC-AIRBUS-BOARD-SAYS-IT   03-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AIRBUS BOARD SAYS IT WILL TAKE STEPS FOR FORMAL A330/340 LAUNCH DECISION BY MID-APRIL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9637" NEWID="4724">
+<DATE>13-MAR-1987 08:04:21.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0577&#31;reute
+u f BC-AIRBUS-FACES-A340-DEC   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRBUS FACES A340 DECISION AS DEADLINE LOOMS</TITLE>
+<AUTHOR>    By Guy Collins, Reuters</AUTHOR>
+<DATELINE>    TOULOUSE, FRANCE, March 13 - </DATELINE><BODY>The supervisory board of the
+European consortium, &lt;Airbus Industrie>, has begun a critical
+meeting to review government funding and airline orders for its
+proposed A340 long range jet, Airbus officials here said.
+    Airbus insists it needs five airlines to firmly commit
+themselves to the plane before going ahead with the project by
+the month's end, the deadline for its launch.
+    The plane, a four-engined widebodied jet, has so far only
+been bought by one airline -- &lt;Lufthansa>, which has placed 15
+firm orders and 15 options for the plane.
+    But while Air France has said it wants to buy seven of the
+aircraft, it has not yet formally placed an order. Discussions
+with up to a dozen other airlines have not yet resulted in
+public commitments.
+    Apart from a shortage of orders, Airbus also is facing an
+uphill struggle persuading its member governments to fund the
+2.5 billion dlr project, which involves not only the A340 but
+its sister A330 aircraft, a twin engined, wide bodied medium
+range jet with many identical components.
+    The British government remains unconvinced that there will
+be sufficient room in the world long range jet market.
+    The West German government is also uncommitted, and is
+currently pressing for a restructuring of the consortium's West
+German company, &lt;Deutsche Airbus GmbH>, while only the French
+government appears to be fully behind the program.
+    Another major factor delaying a final decision on the plane
+has been the engine which will power it. Airbus agreed last
+October with &lt;CFM International> that its CFM-56 engine with
+28,600 lbs of thrust would power the plane. But in December,
+Airbus announced an agreement with CFM rival &lt;International
+Aero Engine> (IAE) to power a slightly larger version of the
+A340 with a 30,000 lb thrust high-technology superfan engine.
+   Airbus has made clear to potential customers that the IAE
+engine is now the principle engine for the project.  The
+incorporation of the superfan engine made the plane on paper
+more attractive to airlines, but the engine has yet to be
+developed and CFM International had openly expressed scepticism
+that the engine will be ready when the plane goes into service.
+    The future of the Airbus consortium depends on the right
+decision being made on the A340 in the next few weeks, for it
+could find itself severely exposed in the 1990s either by
+staying absent from the long range jet market or by committing
+itself to a commercially unviable project.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9638" NEWID="4725">
+<DATE>13-MAR-1987 08:07:55.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0593&#31;reute
+b f BC-AIRBUS-HAS-NINE-COMMI   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRBUS HAS NINE COMMITTED CUSTOMERS FOR A330/340</TITLE>
+<DATELINE>    PARIS, March 13 - </DATELINE><BODY>The European Airbus Industrie consortium
+has obtained a total of 104 commitments from nine customers for
+its planned A340 long-range jet and A330 twin-engined
+medium-range jet, the consortium said in a communique here.
+    Its supervisory board, meeting in Toulouse, "concluded that
+the commercial and industrial objectives ... Have been
+fulfilled and that a strong basis for a commercially successful
+programme has been established," the communique said.
+    But the consortium still has to obtain funding guarantees
+from its member governments for the 2.5 billion dlr programme.
+    The nine committed customers are well above the five
+airlines that the consortium said it needed to launch the plane
+project.
+    "Therefore the supervisory board has decided to take all
+necessary steps for a formal launch decision by mid-April 1987
+to ensure first deliveries of the A340 in May 1992, to be
+followed by first deliveries of the A330 a year later," it said.
+    Airbus is a four-nation consortium grouping Britain,
+France, West Germany and Spain.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9639" NEWID="4726">
+<DATE>13-MAR-1987 08:08:07.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0594&#31;reute
+u f BC-REAGAN-DID-NOT-RECALL   03-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN DID NOT RECALL APPROVING ARMS DEAL, COUNSEL</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>President Reagan's legal adviser said
+the President could not recall when he approved a 1985 arms
+sale to Iran, the New York Times reported.
+    "We were trying to stimulate his (Reagan's) recollection and
+he had no recollection, although he remembered being surprised
+about something," Peter Wallison, who is resigning, was quoted
+as saying in an interview.
+    "That led us to expect that he would not be able to recall
+(the date) when he appeared before the Tower board," Wallison
+said, referring to the question of whether Reagan gave prior
+approval to an Israeli shipment of U.S. Arms to Iran.
+    Wallison said John Poindexter, then head of the National
+Security Council (NSC), kept him from probing the scandal for
+weeks after it was first made public last November, the Times
+reported.
+    Wallison told the newspaper that Poindexter, who resigned
+from his NSC post last November 25, refused to give him
+information about the deal, despite pleas by former White House
+Chief of Staff Donald Regan.
+    "Regan told me on several occasions that he had been unable
+to move Poindexter to include me in any of the discussions or
+to provide me with ... The facts," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9640" NEWID="4727">
+<DATE>13-MAR-1987 08:10:24.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>sprinkel</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0602&#31;reute
+u f BC-U.S.-OFFICIALS-DISAGR   03-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OFFICIALS DISAGREE ON REDUCING DEFICIT</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Senior U.S. Economic officials
+disagree on the likelihood the government can meet its budget
+deficit reduction targets.
+    Beryl Sprinkel, chairman of the Council of Economic
+Advisers, reiterated the Reagan Administration's opposition to
+a tax increase and its pledge to reduce the deficit by cutting
+spending and fostering economic growth.
+    By contrast, Rudolph Penner, Director of the Congressional
+Budget Office, said the budget process has broken down and the
+deficit will remain close to 200 billion dlrs for fiscal 1987.
+    Sprinkel told a symposium sponsored by New York University
+that spending could be cut by avoiding decisions based on the
+desire to influence votes and by shifting the responsibility
+for local projects to state governments.
+    He also suggested a line-item veto, which allows the
+President to veto parts of bill without rejecting all of it, to
+limit wasteful spending. Spending and taxing decisions should
+be linked more closely.
+    Sprinkel said the Administration still looks for 2.7 pct
+growth in U.S. Real gross national product (GNP) in 1987 and
+3.5 pct in 1988.
+    Asked if the latest economic reports signal this rate of
+economic growth is attainable, Sprinkel said, "It looks pretty
+good to me. We've had two very strong employment reports."
+    He also said federal reserve policy is appropriate, adding,
+"It looks like they're on track."
+    While further reductions are needed in the trade deficit,
+Sprinkel said the lower dollar is having an impact.
+    The new 1987 tax laws will not hurt the economy and the tax
+reform act of 1986 significantly lowers tax rates and will
+greatly increase private production incentives, he said.
+    "Our estimates at the Council of Economic Advisers suggest
+national net output of goods and services will permanently
+increase by approximately two pct because of the long-run
+consequences of tax reform," Sprinkel said. "In 1986, this would
+have amounted to an increase of approximately 600 dlrs in the
+income of the average American family."
+    Sprinkel also argued the 1981 tax cuts were not responsible
+for the large increase in the budget deficit.
+    In fiscal 1986 ending September, federal spending amounted
+to 23.8 pct of GNP, while federal receipts absorbed 18.5 pct of
+GNP, leaving a deficit of 5.3 pct, he said.
+    Sprinkel said that, compared with fiscal 1978, the 1986
+federal expenditure share of GNP is 2.7 percentage points
+higher and the revenue share of GNP is virtually the same.
+    "Contrary to the conventional wisdom, therefore, the 1981
+tax cut is not the root cause of the extraordinary budget
+deficits of the past few years," Sprinkel said.
+    "This tax cut merely rolled back the inflation-induced tax
+increases that occurred between 1978 and 1981," he added.
+    However, the Congressional Budget Office's Rudolph Penner
+argued that the tax cut in 1981 was misguided.
+    "Since making the big mistake in 1981 of cutting taxes
+enormously without any plan to decrease spending by the
+Administration or Congress, indeed with increases in defence
+spending, now all the options (for reducing the budget deficit)
+are unpleasant," he said.
+    Penner said the tax cut resulted from the ideological
+turmoil in the U.S. Caused by the "biggest sustained inflation
+in our nation's history," which helped foster widespread
+distrust of government.
+    "The American people turned on the government with tax
+revolt at the state level and new demands on the government at
+the national level," Penner said.
+    "But their dislike of taxes exceeded their general dislike
+of spending programs. Now the correction of that 1981 mistake
+demands that the system change a lot."
+    Penner sees little hope the Gramm-Rudman-Hollings budget
+deficit reduction targets will be met and said the deficit will
+remain at roughly 200 billion dlrs this year.
+    He said a budget process that sets targets arbitrarily is
+not likely to succeed.
+    "I feel pretty safe in saying that any process that tries to
+dictate a numerical outcome from above is doomed to fail simply
+because there's no ... Way to enforce it," Penner said.
+    Penner questioned the methods by which the 1987 budget
+deficit was cut. He said 18 to 19 billion dlrs were eliminated
+by one-time measures, such as a temporary increase in taxes
+related to tax reform and sales of government assets.
+    "Another four billion dlrs was cut by what I call creative
+timing changes, like moving the military payday from the last
+day of fiscal 1987 to the first day of fiscal 1988. That saved
+more than two billion dlrs," Penner said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9641" NEWID="4728">
+<DATE>13-MAR-1987 08:13:40.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0622&#31;reute
+r f BC-PUGET-SOUND-&lt;PSNB>-SE   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUGET SOUND &lt;PSNB> SETS EXTENDED VISA WARRANTIES</TITLE>
+<DATELINE>    TACOMA, Wash., March 13 - </DATELINE><BODY>Puget Sound Bancorp said it is
+offering extended warranty service on items purchased in the
+U.S. with its Visa Classic or BanClub credit cards.
+    It said it believes it is the first bank in the nation to
+offer the service in connection with Visa cards.  American
+Express Co &lt;AXP> has been offering extended warranties on items
+purchased with its credit cards since last fall.
+    Puget Sound said the extended warranty service doubles the
+manufacturer's warranty at no extra charge, with a limit of one
+extra year, excluding motorized vehicles and purchases carrying
+more than a five year warranty.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9642" NEWID="4729">
+<DATE>13-MAR-1987 08:13:45.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0623&#31;reute
+d f BC-AEP-INDUSTRIES-INC-&lt;A   03-13 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEP INDUSTRIES INC &lt;AEPI> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    MOONACHIE, N.J., March 13 -
+    </DATELINE><BODY>Shr 19 cts vs 32 cts
+    Net 586,000 vs 802,000
+    Sales 14.2 mln vs 15.1 mln
+    Avg shrs 3,006,372 vs 2,506,250
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9643" NEWID="4730">
+<DATE>13-MAR-1987 08:13:55.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0624&#31;reute
+r f BC-SOCAL-EDISON-&lt;SCE>-UN   03-13 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCAL EDISON &lt;SCE> UNIT BACK IN SERVICE</TITLE>
+<DATELINE>    ROSEMEAD, Calif., March 13 - </DATELINE><BODY>Southern California Edison Co
+said 1.100 megawatt Unit 3 at its San Onofre Nuclear Generating
+Station is back in service after the completion of a scheduled
+refueling.
+    The unit was taken down January Two.  Other owners include
+San Diego Gas and Electric Co &lt;SDO> and the cities of Anaheim
+and Riverside, Calif.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9644" NEWID="4731">
+<DATE>13-MAR-1987 08:15:16.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0631&#31;reute
+r f BC-ROM-AMER-&lt;RMA>-IN-RES   03-13 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROM-AMER &lt;RMA> IN RESORT JOINT VENTURE</TITLE>
+<DATELINE>    LAS VEGAS, March 13 - </DATELINE><BODY>Rom-Amer Pharmaceuticals Ltd said it
+has entered into a preliminary agreement with Huck's Landings
+Nevada Inc to jointly develop a Las Vegas resort.
+    The company said the agreement is contingent on
+capitalization of the venture, which is expected to take place
+within 30 days and include Rom-Amer stock, and to Rom-Amer
+shareholder approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9645" NEWID="4732">
+<DATE>13-MAR-1987 08:15:23.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0632&#31;reute
+r f BC-D.H.-HOLMES-CO-LTD-&lt;H   03-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>D.H. HOLMES CO LTD &lt;HLME> 4TH QTR NET</TITLE>
+<DATELINE>    NEW ORLEANS, March 13 -
+    </DATELINE><BODY>Shr 39 cts vs 1.34 dlrs
+    Net 1,392,000 vs 4,686,000
+    Sales 81.9 mln vs 81.7 mln
+    Year
+    Shr 10 cts vs 97 cts
+    Net 355,000 vs 3,375,000
+    Sales 270.4 mln vs 272.8 mln
+    NOTE: Share adjusted for three pct stock dividend in
+January 1987.
+    Pretax net profits 3,052,000 dlrs vs 4,498,000 dlrs in
+quarter and loss 572,000 dlrs vs profit 2,922,000 dlrs in year.
+    Latest year net includes pretax gains of 166,000 dlrs in
+quarter and 4,420,000 dlrs in year from pension plan
+reversions.
+    Prior year net includes gain 1,549,000 dlrs on sale of
+property.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9646" NEWID="4733">
+<DATE>13-MAR-1987 08:15:43.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0635&#31;reute
+r f BC-FIRST-BOSTON-&lt;FBC>-ST   03-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST BOSTON &lt;FBC> STARTS ALLEGHENY &lt;AG> BID</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>First Boston Inc said it has started
+its previously-announced tender offer for all common shares,
+2.19 dlr cumulative preference shares and 11.25 dlr convertible
+preferred shares of Allegheny International Inc at 24.60 dlrs,
+20.00 dlrs and 87.50 dlrs respectively.
+    In a newspaper advertisement, the company said the offer
+and withdrawal rioghts will expire April Nine unless extended.
+The offer is conditioned on receipt of at least a majority of
+Allegheny voting power on a fully diluted basis and on receipt
+of at least two thirds each of the preference and preferred
+shares.
+    A merger approved by the Allegheny board in which remaining
+common, preference and preferred shares would be acquired at
+the tender prices is to follow the offer.
+    Receipt of the minimum amounts under the offer would give
+First Boston sufficient voting power to assure approval of the
+merger without the affirmative vote of any other shareholder,
+the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9647" NEWID="4734">
+<DATE>13-MAR-1987 08:15:57.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y E
+&#22;&#22;&#1;f0637&#31;reute
+d f BC-&lt;WILLOW-RESOURCES-LTD   03-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WILLOW RESOURCES LTD> SAYS DRILLING STARTS</TITLE>
+<DATELINE>    TORONTO, March 13 - </DATELINE><BODY>Willow Resources Ltd said drilling of
+the Number One Dudley Williams Heirs well in Panola County,
+Texas, in which it has a 75 pct working interest, has begin.
+    The company said it obtained a 12-month loan of 109,000
+dlrs at two points over prime from Altair Investments Inc to
+fund its share of the drilling costs.
+    It said the well will be drilled to about 6,800 feet and is
+likely to yield natural gas and condensate from multiple zones.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9648" NEWID="4735">
+<DATE>13-MAR-1987 08:19:47.48</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0643&#31;reute
+u f BC-COURT-PUTS-INJUNCTION   03-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT PUTS INJUNCTION ON DUTCH PORT REDUNDANCIES</TITLE>
+<DATELINE>    ROTTERDAM, March 13 - </DATELINE><BODY>Employers in Rotterdam port's
+strike-hit general cargo sector have been served with an
+injunction until May 7 preventing them from continuing with
+plans for 350 redundancies this year, an employers'
+organisation spokesman said.
+    An Amsterdam court yesterday ruled there had been a legal
+fault in the employers' redundancy procedure.
+    The employers' spokesman said they were likely to restart
+the redundancy procedure afresh next week in an attempt to
+pre-empt the May 7 final court ruling.
+    Port and transport union representative Paul Rosenmuller
+described the court ruling as a victory for the union, but
+added there was still a long way to go before the dispute that
+has hit the general cargo sector for the past eight weeks was
+resolved.
+    Rosenmuller said there would be a meeting of the sector's
+4,000 workers this afternoon to decide on further action in the
+campaign of lightning strikes that began on January 19 in
+protest at planned redundancies of 800, starting with 350 this
+year.
+    The employers said there were no immediate plans for
+meetings with the union either on the proposed redundancies or
+on a new work practice agreement in the sector.
+    Meanwhile, discussions on a new work agreement in the
+port's grain sector, due to resume next week, are stalemated,
+although agreement could be close in the coal and ore sector,
+the employers' spokesman added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9649" NEWID="4736">
+<DATE>13-MAR-1987 08:22:23.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0650&#31;reute
+u f BC-SPANISH-FARMERS-BLOCK   03-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH FARMERS BLOCK ROADS IN EC PROTEST</TITLE>
+<DATELINE>    MADRID, March 13 - </DATELINE><BODY>Spanish farmers took their tractors to
+the roads today and blocked a border crossing with France in a
+protest against the Socialist government's EC policies,
+officials said.
+    Protestors set cars ablaze and cut off traffic in the Rioja
+wine growing district, while they blocked roads with tractor
+convoys in other northern regions such as Saragossa, where
+5,000 farmers joined the demonstrations.
+    Farmers blockaded the border crossing with France at La
+Junquera near Barcelona, refusing to allow lorries from other
+European countries to enter Spain.
+    Spanish farmers have been protesting for the past two weeks
+to demand a better deal within the Community. The farm protest
+came in the wake of demonstrations last night in over 30 cities
+in which workers marched for wage rises and against job losses.
+    But the turnout, regarded as a dress rehearsal for a
+general strike next month, disappointed the communist-led
+Workers Commissions union organisers. The ruling Socialist
+Party's trade union arm, the General Workers' Union, did not
+join in.
+    More than 20 strikes are planned for this month and next in
+the transport sector, with stoppages at the state-owned Iberia
+and Aviaco airlines and RENFE railways.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9650" NEWID="4737">
+<DATE>13-MAR-1987 08:22:32.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0651&#31;reute
+h f BC-USX-&lt;X>-GETS-GEORGE-W   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> GETS GEORGE WASHINGTON BRIDGE WORK</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>The Port Authority of New York and New
+Jersey said it has awarded USX Corp a 3,400,000 dlr contract to
+replace the expansion joints and gratings on the upper level of
+the George Washington Bridge between New York and Fort Lee,
+N.J.
+    It said most of the joints and gratings have been in place
+for over 50 years.  The bridge opened in 1931
+    Work on the project should start this spring and be
+completed in the fall of 1988, it said.  Work affecting traffic
+will be performed on weeknights and at least one lane in each
+direction will remain open at all times.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9651" NEWID="4738">
+<DATE>13-MAR-1987 08:23:13.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0653&#31;reute
+u f BC-LIBERALS-HOLD-TRURO-I   03-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBERALS HOLD TRURO IN U.K. BY-ELECTION</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>The Liberal party easily won the Truro
+by-election with almost twice as many votes as its nearest
+rival, the Press Association news agency reported.
+    The poll in the South-West of England constituency was
+called after the death of the previous member of parliament,
+also a member of the Liberal party.
+    Matthew Taylor raised the Liberal majority by winning
+30,599 votes. Conservative Nicholas St Aubyn was second with
+15,982 while Labour candidate John King polled 3,603.
+    The last by-election, in the London suburb of Greenwich,
+was won by the Social Democrat-Liberal alliance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9652" NEWID="4739">
+<DATE>13-MAR-1987 08:24:22.13</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0655&#31;reute
+u f BC-STRIKE-TO-CLOSE-NEW-Z   03-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRIKE TO CLOSE NEW ZEALAND PORTS ON MONDAY</TITLE>
+<DATELINE>    WELLINGTON, March 13 - </DATELINE><BODY>Harbour workers said they will
+strike for 24 hours on Monday, effectively closing all New
+Zealand's ports.
+    The strike is over deadlocked wage negotiations.
+    A Harbour Employees Workers' Union spokesman told reporters
+there will be no ship movements in and out of ports from
+midnight on Sunday (1200 hrs GMT March 15).
+    There will be no loading or unloading involving harbour
+board workers and the Cook Strait ferries, which provide a
+vital link between New Zealand's North and South Islands, will
+not run, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9653" NEWID="4740">
+<DATE>13-MAR-1987 08:25:25.42</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0656&#31;reute
+b f BC-TWO-BRAZILIAN-SHIPPIN   03-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO BRAZILIAN SHIPPING FIRMS SETTLE WITH STRIKERS</TITLE>
+<DATELINE>    SAO PAULO, March 13 - </DATELINE><BODY>Two small shipping companies reached
+a pay deal with striking seamen late yesterday, but union
+leaders said most of Brazil's 40,000 seamen were still on
+strike.
+    A union spokesman in Rio de Janeiro said the seamen had
+accepted a 120 pct pay raise offer from the companies, Globo
+and Flumar, which have less than 200 employees each.
+    The two-week strike comes as Brazil faces a debt crisis and
+is delaying exports badly needed to earn foreign exchange.
+    Labour Minister Almir Pazzionotto said the government will
+not force a settlement of the strike, which was ruled illegal
+last Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9654" NEWID="4741">
+<DATE>13-MAR-1987 08:27:30.28</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0661&#31;reute
+r f BC-PORTUGUESE-FEBRUARY-C   03-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGUESE FEBRUARY CONSUMER PRICES RISE ONE PCT</TITLE>
+<DATELINE>    LISBON, March 13 - </DATELINE><BODY>Portugal's consumer prices rose one pct
+last month after a 1.2 pct increase in January and a 1.3 pct
+rise in February 1986, the National Statistics Institute said.
+    The consumer price index (base 1976) rose to 761.3 from
+753.7 in January and compared with 695.4 in February 1986.
+    This gave a year-on-year February inflation rate of 9.5 pct
+against 9.8 pct in January and 12.6 pct in February 1986.
+    Measured as an annual average rate, inflation in February
+was 11.1 pct compared with 11.4 pct in January.  The government
+forecasts annual average inflation of about eight pct this
+year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9655" NEWID="4742">
+<DATE>13-MAR-1987 08:27:58.60</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0663&#31;reute
+u f BC-WEATHER-CLOSES-ALEXAN   03-13 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEATHER CLOSES ALEXANDRIA PORT, SUMED OIL TERMINAL</TITLE>
+<DATELINE>    ALEXANDRIA, Egypt, March 13 - </DATELINE><BODY>Strong winds and high seas
+forced the closure of Egypt's main port of Alexandria and a
+nearby oil terminal, port officials said.
+    Tanker loading at the Suez-Mediterranean Arab Petroleum
+Pipelines Co in Sedi Kerir, southwest of here, stopped and
+officials said five tankers were at anchorage awaiting improved
+weather.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9656" NEWID="4743">
+<DATE>13-MAR-1987 08:31:19.87</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0665&#31;reute
+f f BC-******U.S.-PRODUCER-P   03-13 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. PRODUCER PRICES ROSE 0.1 PCT IN FEB AFTER 0.6 PCT JAN RISE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9657" NEWID="4744">
+<DATE>13-MAR-1987 08:33:11.98</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0672&#31;reute
+b f BC-/U.S.-PRODUCER-PRICES   03-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PRODUCER PRICES RISE 0.1 PCT IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The U.S. Producer Price Index for
+finished goods rose 0.1 pct on a seasonally adjusted basis in
+February, the Labor Department said.
+    The increase came after a 0.6 pct increase in producer
+prices in January.
+    Higher energy prices were primarily responsible for the
+increase in February, though they rose at a slower pace than
+they had in January, the department said.
+    The finished goods index was up 0.1 pct from its February,
+1986 level.
+    Before seasonal adjustment, the index for finished goods
+stood at 292.3 over its 1967 base of 100.
+    Among finished goods, the index for energy products rose
+four pct in February after a 9.8 pct increase in January. But
+price increases slowed sharply for gasoline and home heating
+oil, the department said.
+    There were some price declines, including a 3.4 pct fall
+for passenger cars and 1.3 pct for light trucks from January
+levels. This reflected expanded factory-financed rebates and
+discount loan programs, the department said.
+    Before seasonal adjustment, the index for finished goods
+stood at 292.3 over its 1967 base of 100.
+    Among finished goods, the index for energy products rose
+four pct in February after a 9.8 pct increase in January. But
+price increases slowed sharply for gasoline and home heating
+oil, the department said.
+    There were some price declines, including a 3.4 pct fall
+for passenger cars and 1.3 pct for light trucks from January
+levels. This reflected expanded factory-financed rebates and
+discount loan programs, the department said.
+    The index for consumer foods fell 0.5 pct after a 1.8
+pct drop in January as vegetables, pork and coffee cost less.
+The index for intermediate goods rose 0.5 pct following a sharp
+0.9 pct rise in January.
+    The department said that energy prices again were the main
+reason, with the index for intermediate energy up 2.7 pct.
+    Gasoline and diesel fuel prices were about five pct higher,
+half the 10 pct jump recorded in January.
+    The durable manufacturing materials index edged down 0.1
+pct last month after jumping 1.0 pct in January as prices for
+steel, precious metals and copper stabilized.
+    The department said lead and zinc prices fell, while
+hardwood lumber and cement cost more. The crude materials index
+rose 1.8 pct in February after a 2.9 pct rise in January. Crude
+energy materials were up 2.6 pct, much less than the 10 pct
+rise in January. Crude petroleum prices rose 4.4 pct last month
+after a sharp 19.7 pct rise in January.
+    Price rises accellerated for logs and timber and tobacco,
+but fell for cotton, metal ores and copper and aluminum scrap.
+    Among finished goods, gasoline rose 5.5 pct after a 15.7
+pct January increase, and fuel oil was up three pct in February
+after an 18.0 pct increase in January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9658" NEWID="4745">
+<DATE>13-MAR-1987 08:37:22.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0693&#31;reute
+r f BC-FIRST-FARWEST-CORP-&lt;F   03-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FARWEST CORP &lt;FFWS> 4TH QTR LOSS</TITLE>
+<DATELINE>    PORTLAND, Ore., MArch 13 -
+    </DATELINE><BODY>Shr loss 4.22 dlrs vs profit nil
+    Net loss 5,568,000 vs profit 11,000
+    Revs 42.2 mln vs 37.5 mln
+    Year
+    Shr loss 3.74 dlrs vs profit 1.02 dlrs
+    Net loss 4,898,000 vs profit 1,384,000
+    Revs 139.0 mln vs 132.7 mln
+    NOTE: 1986 net both periods includes 1,603,000 dlr loss
+from discontinued operations due to settlement of lawsuit and
+redemption of preferred.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9659" NEWID="4746">
+<DATE>13-MAR-1987 08:37:39.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0694&#31;reute
+r f BC-KODAK-&lt;EK>-TO-PAY-SLI   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KODAK &lt;EK> TO PAY SLIGHTLY LOWER WAGE DIVIDEND</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 13 - </DATELINE><BODY>Eastman Kodak Co said today it
+is paying a wage dividend of about 236 mln dlrs to about 84,100
+U.S. employees, down slightly from 239 mln dlrs last year.
+    Kodak pays the wage dividend annually based on an
+employee's earnings over the past five years and cash dividend
+on Kodak stock.  It said it will pay about 192 mln dlrs in cash
+and trhe remainder to the Eastman Kodak Employees' Savings and
+Investment Plan, according to employee election.
+    Kodak, which has been cutting down its staff, paid its wage
+dividend last year to about 85,000 employees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9660" NEWID="4747">
+<DATE>13-MAR-1987 08:37:56.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0696&#31;reute
+d f BC-HEMOTEC-INC-&lt;HEMO>-4T   03-13 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEMOTEC INC &lt;HEMO> 4TH QTR NET</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 13 -
+    </DATELINE><BODY>Shr one ct vs two cts
+    Net 22,000 vs 58,000
+    Sales 951,000 vs 901,000
+    Year
+    Shr four cts vs 12 cts
+    Net 88,000 vs 293,000
+    Sales 4,014,000 vs 3,533,000
+    NOTE: Net includes tax credits of 46,000 dlrs vs 84,000
+dlrs in quarter and credit 19,000 dlrs vs provision 37,000 dlrs
+in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9661" NEWID="4748">
+<DATE>13-MAR-1987 08:38:08.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0697&#31;reute
+r f BC-SERVICE-CONTROL-BIDS   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVICE CONTROL BIDS FOR AMERICAN SERVICE</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>&lt;Service Control Corp> said it has
+started a tender offer for all shares of &lt;American Service
+Corp> at 37 dlrs each.
+    In a newspaper advertisement, the company said the offer
+and withdrawal rights expire April Nine unless extended.  The
+American Service board has approved the offer, which is to be
+followed by a merger at the same price.
+    Service Control said the offer is conditioned on receipt of
+at least 534,806 shares.  It said holders of 534,819 shares
+have agreed to tender their shares under the offer and have
+granted Service Control an option to buy them at 37 dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9662" NEWID="4749">
+<DATE>13-MAR-1987 08:39:57.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0699&#31;reute
+d f BC-NEW-CENTURY-&lt;NUCP>-ES   03-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW CENTURY &lt;NUCP> ESTIMATES REVENUES FROM FILMS</TITLE>
+<DATELINE>    LOS ANGELES, March 13 - </DATELINE><BODY>New Century Entertainment Corp said
+it expects to realize about 7,500,000 dlrs in foreign
+guarantees and advances on New Century films being distributed
+overseas during the remainder of 1987 by Lorimar-Telepictures
+Corp &lt;LT>.
+    The company said together with 10 mln dlrs in advances
+Lorimar has received for domestic home video rights, guarantees
+will have exceeded 80 pct of the costs of the films.
+    New Century retains other domestic distribution rights to
+the films.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9663" NEWID="4750">
+<DATE>13-MAR-1987 08:45:56.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0715&#31;reute
+d f BC-BALLY-&lt;BLY>-UNIT-RECO   03-13 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY &lt;BLY> UNIT RECOMMENDED FOR CONTEMPT CHARGE</TITLE>
+<DATELINE>    ATLANTA, March 13 - </DATELINE><BODY>&lt;Dittler Brothers> said a
+court-appointed auditor has recommended that Bally
+Manufacturing Corp's Scientific Games Inc subsidiary should be
+held in contempt of the Fulton County Superior Court in Georgia
+as a result of alleged violation of a court order.
+    It said the auditor has also recommended that Scientific
+Games by fined the maximum amount permissible in Georgia for
+allegedly violating the order.
+    Dittler is a lottery ticket printer that has been involed
+in extensive litigation with competitor Scientific Games.  The
+contempt recommendation involves Scientific;s bidding for a
+contract to print Pennsylvania lottery tickets and allegedly
+printing the tickets without authorization by the court, as
+required by previous court orders.
+    Dittler said it will pursue allegations of fraud against
+Scientific and will also ask the Pennsylvania attorney general
+to investigate a potential violation by Scientific of a
+Pennsylvania statute prohibiting false written statements to
+public officials that carries a maximum penalty of two years in
+jail.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9664" NEWID="4751">
+<DATE>13-MAR-1987 08:47:30.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0721&#31;reute
+u f BC-DREYER'S-GRAND-&lt;DRYR>   03-13 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DREYER'S GRAND &lt;DRYR> RESTATES 4RTH QUARTER LOSS</TITLE>
+<DATELINE>    OAKLAND, Calif., March 13 - </DATELINE><BODY>Dreyer's Grand Ice Cream said
+it has restated its previously-reported fourth quarter loss to
+904,000 dlrs or 13 cts per share because it has now decided to
+take a charge of about 700,000 dlrs to provide for losses of
+Midwest Distributing Co, which was acquired December 30.
+    Dreyer's said the restatement reduces net income for the
+full year to 5,914,000 dlrs or 80 cts per share.
+    The company said the restatement does not indicate any
+change in its thinking on the benefits of the acquisition or
+future prospects in Midwest Distributing's markets.
+    Dreyer's Grand previously reported 1986 earnings of
+6,614,000 dlrs or 90 cts per share, down from 7,960,000 dlrs or
+1.08 dlrs a share.  For the first nine months of the year, it
+had earned 6,818,000 dlrs or 92 cts per share, up from
+6,354,000 dlrs or 86 cts a share a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9665" NEWID="4752">
+<DATE>13-MAR-1987 08:48:55.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0726&#31;reute
+u f BC-U.S.-JUDGE-DISMISSES   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. JUDGE DISMISSES SUIT CHALLENGING IRAN PROBE</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>A U.S. Judge dismissed a lawsuit by
+fired White House aide Oliver North seeking to halt a special
+prosecutor's investigation into the Iran arms scandal.
+    In a 21-page ruling, Judge Barrington Parker threw out
+North's suit challenging the constitutionality of the law
+empowering special prosecutor Lawrence Walsh to investigate
+secret White House arms sales to Iran and the diversion of
+profits to contra rebels in Nicaragua.
+    "The nation demands an expeditious and complete disclosure
+of our government's involvement in the Iran-contra affair,"
+Parker said in his ruling.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9666" NEWID="4753">
+<DATE>13-MAR-1987 08:50:42.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0733&#31;reute
+r f BC-HERITAGE-&lt;HHH>-SAYS-M   03-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERITAGE &lt;HHH> SAYS MOST WARRANTS EXERCISED</TITLE>
+<DATELINE>    LOS ANGELES, March 13 - </DATELINE><BODY>Heritage Entertainment Inc said
+419,867 of its 745,976 warrants were exercised at the reduced
+price of 3.75 dlrs a share under an offer that expired March
+12.
+    The company said the exercise price will now be 4.50 dlrs a
+share though the end of 1987 and five dlrs for 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9667" NEWID="4754">
+<DATE>13-MAR-1987 08:51:40.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0735&#31;reute
+d f BC-JAPAN-BROKERS-SEEK-10   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BROKERS SEEK 10 YEAR GOVERNMENT BOND AUCTION</TITLE>
+<DATELINE>    TOKYO, March 13 - </DATELINE><BODY>Japanese securities houses have asked the
+Finance Ministry again to consider introducing auctions of
+10-year government bonds, securities sources said.
+    Finance Ministry officials declined comment but said the
+Ministry has been aware of growing calls from securities houses
+for 10-year bond auctions.
+    Japanese securities houses also may allow foreign brokers
+to underwrite more 10-year bonds from April. Four U.S. Banks
+are expected to receive Finance Ministry approval in late April
+to operate securities subsidiaries in Japan as long as they
+hold no more than 50 pct of the capital, bankers said.
+    These firms are likely to join the syndicate, which will
+increase the number of participants in the 10-year government
+bond primary market, securities managers said.
+    Each of the 17 current foreign securities houses in the
+syndicate underwrites 0.07 pct of each issue, they said.
+    In order to expand participation by foreigners, the
+syndicate must either expand the securities industry's 26 pct
+share or introduce auctions to the primary market, they said.
+    Local brokers have requested the head of the syndicate, now
+Fuji Bank Ltd, to increase their share to 30.7 pct but banks
+oppose any cut in their 74 pct share, bankers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9668" NEWID="4755">
+<DATE>13-MAR-1987 08:56:36.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0742&#31;reute
+r f BC-turbo   03-13 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TURBO RESOURCES LTD> YEAR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 13 -
+    </DATELINE><BODY>Oper shr nine cts vs three cts
+    Oper shr diluted eight cts vs three cts
+    Oper net 15 mln vs five mln
+    Revs 518 mln vs 622 mln
+    NOTE: Oper net excludes extraordinary income of seven mln
+dlrs vs four mln on tax loss carryforward, offset by writedowns
+of three mln dlrs vs eight mln on U.S. oil and gas properties
+and other assets.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9669" NEWID="4756">
+<DATE>13-MAR-1987 08:57:08.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0744&#31;reute
+d f BC-VW-HAS-NO-COMMENT-ON   03-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW HAS NO COMMENT ON SEAT LOSS REPORTS</TITLE>
+<DATELINE>    WOLFSBURG, West Germany, March 13 - </DATELINE><BODY>A Volkswagen AG
+&lt;VOWG.F> spokesman said the group had no immediate comment on
+reports of greater than expected losses at its Spanish
+subsidiary Sociedad Espanola de Automoviles de Turismo (SEAT).
+    German newspapers reported that Werner Schmidt, SEAT
+supervisory board chairman, had told journalists that SEAT
+losses for 1986 were around 27 billion pesetas, or about 386
+mln marks, almost double original expectations.
+    According to the Boersen-Zeitung newspaper, Schmidt said VW
+would invest 42 billion pesetas in SEAT this year and in the
+years to 1995 would spend 462 billion on its new Spanish unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9670" NEWID="4757">
+<DATE>13-MAR-1987 09:02:12.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0747&#31;reute
+f f BC-******CME-SETS-BROAD   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CME SETS BROAD TRADING REFORMS FOR STOCK FUTURES, PARTIAL BAN ON DUAL TRADING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9671" NEWID="4758">
+<DATE>13-MAR-1987 09:03:04.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0749&#31;reute
+f f BC-******BENEFICIAL-CORP   03-13 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BENEFICIAL CORP TO SELL WESTERN NATIONAL LIFE FOR 275 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9672" NEWID="4759">
+<DATE>13-MAR-1987 09:03:16.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0750&#31;reute
+f f BC-******GENERAL-MILLS-I   03-13 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL MILLS INC 3RD QTR SHR 64 CTS VS 52 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9673" NEWID="4760">
+<DATE>13-MAR-1987 09:03:30.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0751&#31;reute
+b f BC-VW-DISMISSES-HEAD-OF   03-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW DISMISSES HEAD OF ITS FOREIGN EXCHANGE DEPT</TITLE>
+<DATELINE>    WOLFSBURG, March 13 - </DATELINE><BODY>Volkswagen AG &lt;VOWG.F> said it has
+dismissed the head of its foreign exchange department and
+suspended several other staff members following the recent
+emergence of a possible currency fraud at the company.
+    A VW statement said foreign exchange department chief
+Burkhard Junger had been dismissed with immediate effect.
+    It said it has also suspended Guenther Borchert, head of
+the financial transfer department, and Siegfried Mueller, head
+of the central cash and currency clearing department. Four
+other members of the foreign exchange staff were also
+suspended.
+    VW said the possibly fraudulent foreign currency
+transactions, which could cost the company 480 mln marks, fell
+directly within the area of responsibility of Borchert and
+Mueller.
+    VW said Adalbert Sedlmair, formerly finance director at
+VW's former office equipment subsidiary Triumph-Adler AG, would
+temporarily take over responsibility of the financial transfer
+department during Borchert's suspension from duties.
+    Meanwhile, the state prosecutor's office in Brunswick,
+which is looking into the currency transactions, said the
+Federal Criminal Office in Wiesbaden had also joined the
+investigation and would be responsible for measures such as
+possible police searches.
+    A spokeswoman for the office said prosecutors in Frankfurt
+were looking into the possibility of taking over the VW case
+but added a final decision would be taken next week.
+    The short VW statement said, "Burkhard Junger, 39, who had
+already been suspended from his duties in January, has been
+dismissed with immediate effect."
+    Company sources said Borchert and Mueller were not thought
+to have been directly involved with the currency transactions
+but they may have been lax in their supervision.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9674" NEWID="4761">
+<DATE>13-MAR-1987 09:03:37.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0752&#31;reute
+f f BC-******CAESARS-WORLD-I   03-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CAESARS WORLD INC SAID BOARD REJECTS MARTIN SOSNOFF TENDER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9675" NEWID="4762">
+<DATE>13-MAR-1987 09:04:03.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0753&#31;reute
+f f BC-******CME-SETS-BROAD   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CME SETS BROAD TRADING REFORMS FOR STOCK FUTURES, PARTIAL BAN ON DUAL TRADING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9676" NEWID="4763">
+<DATE>13-MAR-1987 09:04:09.69</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0754&#31;reute
+f f BC-Top-discount-rate-at   03-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Top discount rate at U.K. Bill tender falls to 9.3657 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9677" NEWID="4764">
+<DATE>13-MAR-1987 09:05:32.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>philippines</D><D>mexico</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0757&#31;reute
+u f BC-U.S.-URGES-BANKS-TO-D   03-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. URGES BANKS TO DEVELOP NEW 3RD WLD FINANCE</TITLE>
+<AUTHOR>    By Peter Torday</AUTHOR>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The United States this week signaled
+it is pressing commercial banks, increasingly disenchanted with
+providing large cash loans to debtor nations, to develop new
+ways of financing that will prove more acceptable to both
+sides.
+    Heading off challenges to its Third World debt strategy,
+U.S. officials also say they think concessions should be made
+to debtors that enact reforms speeding inflation-free growth.
+    In particular, they stress new techniques that shift the
+emphasis from debt to equity and shave interest rates.
+    "The strategy is sufficiently broad as an initiative or
+concept that there can be additional emphasis such as in
+debt-equity swaps and that sort of thing," a Reagan
+administration official said of the slow pace of commercial
+bank lending to the Third World.
+    "The debtors have been performing well...some people argue
+that taking 1-1/8 pct down to 13/16 pct is debt forgiveness.
+Well if that's what it is, fine. What it really is a narrowing
+of the spread that could be charged on new money," the official
+said.
+    This week, therefore, U.S. officials signaled their backing
+for a novel proposal by the Philippines that called for partial
+payment of interest in tradeable investment notes.
+    On Tuesday, officials said Treasury Secretary James Baker
+told Secretary of State George Shultz the idea was a creative
+one and signaled his approval to Philippine Finance Minister
+Jamie Ongpin later that day. An administration official told
+Reuters this week the Philippines' proposal to partially pay
+interest with investment notes instead of cash should be
+considered seriously by the banks. An agreement with the banks,
+officials now say, is expected soon.
+    "New bank lending has been slow in materializing but the
+fact of the matter is there have been 70 billion dlrs in bank
+loans restructured, which is a form of extension of credit. As
+you know, there's been 8.5 billion dlrs in new money," said the
+official, who plays a key role in keeping the plan afloat.
+    The plan was launched in October 1985 by Secretary Baker
+and called on commercial and multilateral banks to lend 29
+billion dlrs in the subsequent three years to major debtors
+undertaking reforms that promoting economic growth.
+    But it has taken almost six months to complete the
+syndication of a 7.5 billion dlrs loan to Mexico, which has
+created deep misgivings here about the liklihood of such large
+straight cash loans being assembled ever again.
+    U.S. officials want the banks not only to consider swapping
+their debts for equity in local corporations -- a development
+that has already met with success in Chile and Mexico -- but to
+pin loans on specific projects, finance trade and invest
+directly in debtor country private sectors.
+    These forms of lending, they say, give the banks a greater
+stake and more economically secure return on investment.
+    In a major challenge to the U.S. plan, Brazil last month
+declared a moratorium on interest payments and followed it up
+with a world tour by officials seeking a political way out of
+its 109 billion dlr debt burden.
+    The country is beset by a falling trade surplus and
+dwindling reserves endangering its ability to service its
+foreeign debt, at 109 billion dlrs the Third World's largest.
+    One official attending the Washington talks with Brazilian
+Finance Minister Dilson Funaro said "they've come in here now
+and said "Look, we're out of money, help us," but they haven't
+come in with a plan. And they've gone all over the world, and
+at every stop they've been told the same thing."
+    The official said Brazil would have to enact a credible
+economic program, either in consultation with the World Bank or
+the International Monetary Fund, to cool its overheated economy
+before commercial banks would begin negotiations.
+    As a result of the Brazilian action, private banks and
+major debtor nations redoubled their efforts to reach
+agreements stretching out debt repayments.
+    For its part, the administration has signaled its strong
+support for new techniques that in some cases effectively
+amount to interest rate concessions for major debtor nations.
+    It pressed the banks to allow Chile to make annual instead
+of bi-annual interest payments, speeding an accord.
+    Administration officials, who asked not to be named, have
+also debated whether to allow banks greater flexibility in
+building up loan loss reserves against Third World loans.
+    The debate centers on a rule, known as FASB-15, under which
+banks experiencing delayed interest payments on real estate
+loans need not set aside reserves against debt principal if it
+is believed payments will resume.
+    More recently, the rule was extended to cover farm and
+energy loans and Senator Bill Bradley, a New Jersey Democrat,
+has suggested it should be extended to Third World loans.
+    Bradley is prominent among Congressmen urging that
+provisions for debt relief be attached to tough new trade
+legislation now being considered on Capitol Hill.
+    But the officials said the debate has been inconclusive.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9678" NEWID="4765">
+<DATE>13-MAR-1987 09:06:27.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0761&#31;reute
+r f BC-mdimobile   03-13 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MDI MOBILE DATA INTERNATIONAL INC> YEAR NET</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 13 -
+    </DATELINE><BODY>Oper shr 63 cts vs 47 cts
+    Oper shr diluted 56 cts vs 38 cts
+    Oper net 3,284,955 vs 2,176,925
+    Revs 31.6 mln vs 23.0 mln
+    NOTE: Current oper net excludes writedown of 344,039 dlrs,
+or seven cts a share, on unidentified investment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9679" NEWID="4766">
+<DATE>13-MAR-1987 09:07:43.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0767&#31;reute
+r f BC-APPLIED-BIOSYSTEMS-&lt;A   03-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLIED BIOSYSTEMS &lt;ABIO> LOWERS SALES FORECAST</TITLE>
+<DATELINE>    FOSTER CITY, Calif., March 13 - </DATELINE><BODY>Applied Biosystems Inc said
+it has lowered its internal product sales forecast following a
+review of market conditions in Europe.
+    The company also said Chairman Sam Eletr has resigned for
+personal reasons.
+    The company said it now expects third quarter, ending March
+31, sales to approximate the second quarter's 21.1 mln dlrs and
+third quarter earnings to be less than the second quarter's 2.7
+mln dlrs, or 20 cts a share, due to unexpected European
+softness and previously announced new product delays.
+    Applied Biosystems earned 2,654,000 dlrs, or 20 cts a
+share, in 1986's third quarter on sales of 13.4 mln dlrs.
+    Explaining European orders have not materialized at the
+rate expectd, the company added "we believe that the slowness
+in orders reflects current conditions in the market for
+research instrumentation in Europe."
+    It said sales in the current quarter are also being
+affected by the previously announced delay in completion of the
+software for the Model 900A Data Analysis Module. The
+unavialability of that product also impacts sales of the
+associated model 420A Derivatizer system.
+    Applied Biosystems said it presently expects this software
+will be completed during the fourth quarter, but the resulting
+lack of demonstration units in the field may postpone some
+sales.
+    Due to the delays and European uncertainties, "we must now
+view the coming quarters with caution," it said, adding "some
+earnings pressure is anticipated during the remainder of this
+fiscal year."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9680" NEWID="4767">
+<DATE>13-MAR-1987 09:13:59.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0788&#31;reute
+b f BC-ECSC-ISSUES-100-MLN-S   03-13 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECSC ISSUES 100 MLN STG EUROBOND DUE 1992</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>The European Coal and Steel Community is
+issuing a 100 mln stg eurobond due April 6, 1992 paying 9-3/8
+pct and priced at 101-5/8 pct, lead manager Warburg Securities
+said.
+    The bond is available in denominations of 1,000 and 10,000
+stg and will be listed in Luxembourg.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct for
+management and underwriting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9681" NEWID="4768">
+<DATE>13-MAR-1987 09:14:42.48</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0789&#31;reute
+b f BC-UK-MONEY-MARKET-DEFIC   03-13 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK MONEY MARKET DEFICIT REVISED TO ONE BILLION STG</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>The Bank of England said it has revised
+its estimate of today's shortfall to one billion stg, before
+taking account of 646 mln stg morning assistance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9682" NEWID="4769">
+<DATE>13-MAR-1987 09:15:42.58</DATE>
+<TOPICS><D>nickel</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0790&#31;reute
+r f BC-OUTOKUMPU-TO-CLOSE-NI   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OUTOKUMPU TO CLOSE NICKEL REFINERY DURING SUMMER</TITLE>
+<DATELINE>    HELSINKI, March 13 - </DATELINE><BODY>The Finnish metal and mining group
+Outokumpu Oy said it will close its nickel refinery at
+Harjavalta in central Finland for six weeks in July and August
+this year due to current low prices on the nickel market.
+    "We consider nickel prices as bad at the moment, although
+they have been rising slightly since January," refinery sales
+manager Pekka Purra said.
+    He said the closure will mean a drop in production of 3,000
+tonnes in 1987 from last year's output of 17,800 tonnes. The
+closure was also a move to cut labour costs as no extra staff
+have to be employed during holidays to keep the plant open.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9683" NEWID="4770">
+<DATE>13-MAR-1987 09:16:07.14</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0793&#31;reute
+f f BC-******U.S.-FEB-INDUST   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FEB INDUSTRIAL PRODUCTION ROSE 0.5 PCT AFTER REVISED 0.1 PCT JAN GAIN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9684" NEWID="4771">
+<DATE>13-MAR-1987 09:17:08.94</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0798&#31;reute
+b f BC-/U.S.-FEB-INDUSTRIAL   03-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FEB INDUSTRIAL PRODUCTION ROSE 0.5 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>U.S. industrial production rose 0.5
+pct in February after a revised 0.1 pct increase in January,
+the Federal Reserve Board said.
+    The Fed previously said industrial production rose 0.4 pct
+in January.
+    The Fed said the February gain was dominated by a sharp
+rise in motor vehicle production, which boosted output of both
+consumer goods and business equipment. Industrial production
+stood at 127.3 pct of the 1977 average in February and was up
+1.7 pct from a year ago, the Fed said.
+    The Fed also revised the December industrial production
+figure to a gain of 0.5 pct from 0.3 pct originally reported.
+    Manufacturing output rose 0.5 pct in February after a 0.1
+pct increase in January and included gains of 0.8 pct in
+durables and 0.1 pct in non-durables, the Fed said.
+    Manufacturing was 2.4 pct above the year ago level.
+    Production of auto assemblies rose to an annual rate of 8.3
+mln units last month from a January rate of 7.5 mln units.
+    Output of consumer goods rose 0.6 pct after falling 0.3 pct
+in January and output of consumer durables was up 2.1 pct in
+February after falling by 2.0 pct in January.
+    Business equipment production rose 1.0 pct in February,
+reflecting more output of autos and trucks for business use and
+a recovery from strikes in farm equipment industries, the Fed
+said.
+    Mining output rose 0.1 pct after a 1.6 pct increase in
+January, but was still six pct lower than a year ago.
+    Utilities output rose 0.7 pct in February after a 1.2 pct
+rise in January.
+    Output of defense and space equipment was up 0.4 pct, the
+same as in January, and 6.2 pct higher than a year ago.
+    Output of construction supplies rose 0.2 pct in February
+after a 1.5 pct January rise.
+    Materials output increased by 0.2 pct last month, the
+fourth consecutive monthly increase after declining throughout
+much of 1986. The recent strength in materials has been
+concentrated in textiles, paper and chemicals, the Fed said.
+    Output of home goods was up 0.3 pct in February and the Fed
+said production of items like appliances and furniture
+continued strong last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9685" NEWID="4772">
+<DATE>13-MAR-1987 09:17:28.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0800&#31;reute
+b f BC-/CAESARS-WORLD-&lt;CAW>   03-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAESARS WORLD &lt;CAW> REJECTS SOSNOFF'S OFFER</TITLE>
+<DATELINE>    LOS ANGELES, March 13 - </DATELINE><BODY>Caesars World Inc said its board
+unanimously rejected a 28 dlr a share takeover offer by New
+York investor Martin T. Sosnoff.
+    Caesars said Sosnoff's offer to by all its outstanding
+shares of common stock was inadequate and not in the best
+interests of its shareholders.
+    The company recommended that shareholders reject Sosnoff's
+offer, made through his &lt;MTS Acquisition Corp>, and not tender
+any of their shares.
+    Caesars said it will explore a variety of alternative
+transactions but did not elaborate.
+    Caesars, in a brief statement, did not say whether it would
+seek to buy back its shares held by Sosnoff.
+    A Caesars spokesman said the company would not comment
+further on its decision.
+    On Wednesday, Sosnoff told the Securities and Exchange
+Commission that he controls 13.6 pct of the company's stock.
+    Sosnoff also informed the SEC that Caesars had offered to
+buyout his holdings several times during the past year.
+    No one from the Sosnoff organization was immediately
+available for comment.
+    Caesars said its financial advisor, Drexel Burnham Lambert
+Inc, had determined that Sosnoff's offer was financially
+inadequate for shareholders other than Sosnoff.
+    The company said other factors it considered in rejecting
+the offer were its financial condition, future prospects,
+current market conditions and the numerous conditions on which
+Sosnoff's bid was conditioned.
+    Caesars' stock opened up 1/8 point at 28-1/8. That is 1/8
+point above Sosnoff's offer price.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9686" NEWID="4773">
+<DATE>13-MAR-1987 09:18:12.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0802&#31;reute
+d f BC-ESSELTE-AB-&lt;ESB.ST>-1   03-13 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSELTE AB &lt;ESB.ST> 1986 RESULTS</TITLE>
+<DATELINE>    STOCKHOLM, March 13 - </DATELINE><BODY>Group profit after net interest items
+742 mln crowns vs 741 mln.
+    Sales 11.25 billion crowns vs 10.22 billion.
+    Estimated profit per share 10 crowns vs 9.20.
+    Proposed dividend four crowns vs 3.38.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9687" NEWID="4774">
+<DATE>13-MAR-1987 09:18:52.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0806&#31;reute
+u f BC-CONSECO-&lt;CNC>-TO-BUY   03-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSECO &lt;CNC> TO BUY BENEFICIAL &lt;BNL> UNIT</TITLE>
+<DATELINE>    PEAPACK, N.J., March 13 - </DATELINE><BODY>Conseco Inc said it has signed a
+definitive agreement to acquire Western National Life Insurance
+Co from Beneficial Corp for 275 mln dlrs in cash.
+    Western National had assets of 1.9 billion dlrs at the end
+of 1986 and 1986 premium and investment revenues.  Western
+issues structured settlement annuities for the settlement of
+personal injury and damage claims and sells tax-sheltered
+annuities.
+    The acquisition is subject to regulatory approval.
+    Conseco said the acquisition would raise its assets to 2.7
+billion dlrs and annual revenues to about 800 mln dlrs.
+    Beneficial had previously announced plans to leave the
+insurance business.  On March Three, it said it agreed in
+principle to sell its American Centennial Insurance Co,
+Beneficial International Insurance Co, Consolidated MArine and
+General Insurance Co Ltd, Consolidated Life Assurance Co Ltd,
+Wesco Insurance Co and Service General Insurance Co
+subsidiaries to a management-led group for 98 mln dlrs in notes
+mostly contingent on performance of the units and 10 mln dlrs
+in cash.
+    Conseco had 1986 operating earnings of 4,968,000 dlrs on
+revenues of 84.9 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9688" NEWID="4775">
+<DATE>13-MAR-1987 09:20:23.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0811&#31;reute
+r f BC-GREAT-AMERICAN-BANCOR   03-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT AMERICAN BANCORP &lt;GRTB> 4TH QTR NET</TITLE>
+<DATELINE>    CENTURY CITY, Calif., March 13 -
+    </DATELINE><BODY>Shr profit seven cts vs loss 24 cts
+    Net profit 151,000 vs loss 523,000
+    12 mths
+    Shrs loss 1.70 dlrs vs loss 44 cts
+    Net loss 3,670,000 vs loss 947,000
+    Assets 99.7 mln vs 102.6 mln
+    Deposits 91.1 mln vs 90.6 mln
+    Loans 44.3 mln vs 51.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9689" NEWID="4776">
+<DATE>13-MAR-1987 09:20:44.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0813&#31;reute
+d f BC-KONINKLIJKE-NEDERLAND   03-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KONINKLIJKE NEDERLANDSE PAPIERFABRIEKEN &lt;KNPN.AS></TITLE>
+<DATELINE>    MAASTRICHT, Netherlands, March 13 -
+    </DATELINE><BODY>Net 1986 profit 132.6 mln guilders vs 117.3 mln
+    Turnover 1.6 billion guilders vs same
+    Earnings per share 16.00 guilders vs 15.80 on capital
+expanded by 11 pct to 8.21 mln outstanding shares.
+    Proposed dividend per share 5.50 guilders vs 5.00
+    Note - Full company name is Koninklijke Nederlandse
+Papierfabrieken NV.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9690" NEWID="4777">
+<DATE>13-MAR-1987 09:21:02.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0815&#31;reute
+b f BC-GENERAL-MILLS-INC-&lt;GI   03-13 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MILLS INC &lt;GIS> 3RD QTR FEB 22 NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 13 -
+    </DATELINE><BODY>Shr 64 cts vs 52 cts
+    Net 56,900,000 vs 46,400,000
+    Sales 1.31 billion vs 1.13 billion
+    Avg shrs 88.2 mln vs 89.3 mln
+    Nine mths
+    Shr 2.09 dlrs vs 1.59 dlrs
+    Net 185,900,000 vs 141,300,000
+    Sales 3.84 billion vs 3.36 billion
+    Avg shrs 88.9 mln vs 89.1 mln
+    NOTE: 1986 period ended February 23
+    Prior year amounts restated to reflect discontinued
+furniture operations
+    Earnings include gains from discontinued operations of 1.5
+mln dlrs, or two cts a share in the 1986 quarter and gains of
+8.5 mln dlrs, or 10 cts a share in the fiscal 1987 nine months
+vs 3.0 mln dlrs, or four cts a share a year earlier
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9691" NEWID="4778">
+<DATE>13-MAR-1987 09:21:15.45</DATE>
+<TOPICS><D>ship</D><D>grain</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0817&#31;reute
+u f BC-UNOFFICIAL-STRIKE-IN   03-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOFFICIAL STRIKE HITS ROTTERDAM GRAIN SECTOR</TITLE>
+<DATELINE>    ROTTERDAM, March 13 - </DATELINE><BODY>About 220 men in Rotterdam port's
+grain sector stopped work this afternoon in an unofficial
+protest at the slow progress of negotiations over a new work
+practice agreement, a spokesman for the port and transport
+union FNV said.
+    Negotiations between the union and employers, which are due
+to resume early next week, are currently stalemated with the
+union refusing to accept sweeping changes in working hours and
+practices in return for a 1.5 pct pay increase.
+    The FNV spokesman said the action did not yet have official
+backing, but added that next week matters might be different.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9692" NEWID="4779">
+<DATE>13-MAR-1987 09:21:45.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0822&#31;reute
+d f BC-NOVELL-&lt;NOVL>-SETS-PA   03-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVELL &lt;NOVL> SETS PAYMENT DATE FOR STOCK SPLIT</TITLE>
+<DATELINE>    PROVO, Utah, March 12 - </DATELINE><BODY>Novell Inc said the dividend to
+effect its previously announced two-for-one stock split will be
+distributed April 13.
+    As stated at the time of the original announcement, the
+company said the payment will be made to holders of record
+March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9693" NEWID="4780">
+<DATE>13-MAR-1987 09:21:52.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0823&#31;reute
+s f BC-NORTEK-INC-&lt;NTK>-SETS   03-13 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTEK INC &lt;NTK> SETS QUARTERLIES</TITLE>
+<DATELINE>    PROVIDENCE, March 13 -
+    </DATELINE><BODY>Qtly div common 2-1/2 cts vs 2-1/2 cts prior
+    Qtly div special common one ct vs one ct
+    Pay May Eight
+    Record April Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9694" NEWID="4781">
+<DATE>13-MAR-1987 09:23:44.41</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0828&#31;reute
+r f BC-DUTCH-PORT-UNION-CALL   03-13 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH PORT UNION CALLS OFF GENERAL CARGO STRIKES</TITLE>
+<DATELINE>    ROTTERDAM, March 13 - </DATELINE><BODY>Dutch port and transport union, FNV,
+has called off the strikes against planned redundancies that
+have hit Rotterdam port's general cargo sector for the past
+eight weeks, strike leader Paul Rosenmuller told a mass
+meeting.
+    The decision followed yesterday's ruling by an Amsterdam
+court preventing the sector's employers continuing with current
+plans for 350 redundancies this year until the court sits again
+on May 7, Rosenmuller told a meeting of the general cargo
+sector's 4,000 workers today.
+    The court ruled the employers had made a mistake in the
+complicated legal procedure for obtaining official permission
+for the redundancies, and therefore could not proceed.
+    "There is no need to continue the strikes for the moment now
+the immediate pressure of redundancies has been lifted,"
+Rosenmuller said.
+    But he added that the strikes, which began on January 19 in
+protest against plans for 800 redundancies by 1990, could
+resume at any time before May 7 if the employers made any moves
+to re-apply for permission for the redundancies.
+    SVZ labour relations manager Gerrard Zeebregts said they
+would be meeting their lawyers today with a view to re-applying
+for this permission next week in the hope of gaining approval
+for the redundancies within a month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9695" NEWID="4782">
+<DATE>13-MAR-1987 09:25:00.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0834&#31;reute
+b f BC-******nova-an-alberta   03-13 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NOVA AN ALBERTA CORP 4TH QTR SHR LOSS 15 CTS VS LOSS 1.09 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9696" NEWID="4783">
+<DATE>13-MAR-1987 09:32:30.96</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0853&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 195 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>The Bank of England said it provided the
+money market with a further 195 mln stg assistance during the
+afternoon.
+    This brings total help today to 841 mln stg compared with a
+liquidity shortage it has estimated at a revised one billion
+stg.
+    The Bank bought 176 mln stg of band two bank bills outright
+at 10-5/16 pct and 13 mln stg of band one bank bills at 10-3/8
+pct. In addition, it bought four mln stg of bills for resale to
+the market on March 30 and two mln stg for resale on April 8,
+at a common interest rate of 10-7/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9697" NEWID="4784">
+<DATE>13-MAR-1987 09:33:24.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0857&#31;reute
+r f BC-WALKER-TELECOMMUNICAT   03-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALKER TELECOMMUNICATIONS &lt;WTEL> CLOSING UNIT</TITLE>
+<DATELINE>    Hauppauge, N.Y,. March 13 - </DATELINE><BODY>Walker Telecommunications Corp
+said it discontinued operations of its mobile communication
+division, resulting in an undisclosed one time substantial loss
+for the fourth quarter and year for fiscal 1986.
+    Howard Lassler, president, said the company intends to
+focus management and other resources during 1987 on its
+telephone systems division, and on developing new projects for
+its mutual signal corp subsidiary.
+    The company said dropping retail prices resulted in the
+mobile division no longer being able to make a profit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9698" NEWID="4785">
+<DATE>13-MAR-1987 09:34:22.88</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uganda</D><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0864&#31;reute
+r f BC-UGANDA-RE-ROUTES-COFF   03-13 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UGANDA RE-ROUTES COFFEE EXPORTS THROUGH KISUMU</TITLE>
+<DATELINE>    NAIROBI, March 13 - </DATELINE><BODY>Long delays at the railway crossing on
+the Kenyan border have led Uganda to re-route its coffee
+exports through a ferry link with the Kenyan port of Kisumu
+across Lake Victoria, Ugandan officials based in Kenya said.
+    Uganda has a direct rail link with the Kenyan port of
+Mombasa through which it conducts 70 pct of its external trade
+but there is a chronic shortage of railway wagons, they said.
+    Customs at Kisumu take less than a day compared with two to
+three at the Malaba rail border crossing, a Ugandan Railways
+official said. "Malaba is now handling only 10 pct of the trade
+and all the coffee and oil goes through Kisumu," he said.
+    However, an accident recently damaged the wagon ferry which
+plies between Kisumu and the Ugandan port of Jinja, causing
+bottlenecks on the lake route too.
+    Sources at the Coffee Marketing Board in Kampala reported
+delays in coffee export shipments last January due to
+congestion on the lake ferries.
+    Coffee accounts for about 95 pct of Uganda's export
+earnings and last November President Yoweri Museveni ordered
+all coffee shipments to be carried by rail in order to avoid
+the higher costs of road haulage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9699" NEWID="4786">
+<DATE>13-MAR-1987 09:36:10.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0871&#31;reute
+f f BC-******citicorp   03-13 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CITICORP CALL UNFOUNDED RUMORS THAT IT HAS WRITTEN OFF ANY LATIN AMERICAN DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9700" NEWID="4787">
+<DATE>13-MAR-1987 09:36:22.80</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0873&#31;reute
+r f BC-NORWAY'S-WHOLESALE-PR   03-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY'S WHOLESALE PRICES RISE 0.5 PCT IN FEBRUARY</TITLE>
+<DATELINE>    OSLO, March 13 - </DATELINE><BODY>Norway's wholesale price index (base 1981)
+rose 0.5 pct in February to 136.0 after a 1.7 pct rise in
+January to 135.0, the Central Bureau of Statistics said.
+    The year on year increase for February was 7.9 pct compared
+with 5.7 pct in January and 2.2 pct in February 1986, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9701" NEWID="4788">
+<DATE>13-MAR-1987 09:37:19.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0875&#31;reute
+r f BC-HEALTHCO-INTERNATIONA   03-13 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHCO INTERNATIONAL INC &lt;HLCO> 4TH QTR NET</TITLE>
+<DATELINE>    BOSTON, March 13 -
+    </DATELINE><BODY>Oper shr 51 cts vs 43 cts
+    Oper shr diluted 47 cts vs 43 cts
+    Oper net 3,182,000 vs 2,462,000
+    Revs 101.7 mln vs 87.0 mln
+    Avg shrs 6,246,664 vs 5,671,607
+    Avg shrs diluted 7,501,209 vs 5,671,607
+    Year
+    Oper shr 1.84 dlrs vs 1.48 dlrs
+    Oper shr diluted 1.76 dlrs vs 1.48 dlrs
+    Oper net 11.5 mln vs 8,312,000
+    Revs 349.2 mln vs 307.0 mln
+    Avg shrs 6,238,720 vs 5,616,019
+    Avg shrs diluted 6,969,389 vs 5,616,019
+    NOTE: 1986 net both periods excludes charge 1,205,000 dlrs
+from distribution system restructuring costs.
+    1986 year net excludes 440,000 dlr debt retirement gain and
+gain 12.8 mln dlrs from sale of HPSC Inc &lt;HPSC> stock.
+    1986 net both periods includes charge 768,000 dlrs from
+reversal of investment tax credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9702" NEWID="4789">
+<DATE>13-MAR-1987 09:38:28.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0876&#31;reute
+r f BC-LITTLE-JOY-FOR-SWISS   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLE JOY FOR SWISS EXPORTERS, STUDY SAYS</TITLE>
+<DATELINE>    BERNE, March 13 - </DATELINE><BODY>The continued strength of the Swiss franc
+against the dollar will largely deprive Swiss exporters of the
+benefits of the upturn in the world economy, a quarterly study
+by the Economics Department said.
+    It said the export industry would scarcely get a boost from
+the upturn in the economies of the Organization for Economic
+Cooperation and Development (OECD), and predicted declines in
+new orders for highly export-orientated firms.
+    However, domestic demand, which stagnated in the last
+quarter of 1986, would resume its growth, fuelled by higher
+real incomes and buoyant consumer sentiment, it said.
+    The study, which was drawn up by the department's
+Commission for Economic Questions, said industrial production
+would scarcely increase, with most firms apparently happy with
+current numbers of workers.
+    However, an increase in labour demand in the service sector
+should help push up total employment, it said.
+    The Commission also predicted an increase in inflation from
+current low levels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9703" NEWID="4790">
+<DATE>13-MAR-1987 09:40:55.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0877&#31;reute
+u f BC-SALLIE-MAE-&lt;SLM>-OFFE   03-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALLIE MAE &lt;SLM> OFFERS FIXED RATE NOTES</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The Student Loan Marketing
+Association, Sallie Mae, announced an offering of 100 mln dlrs
+of three-year fixed rate notes redeemable at maturity in the
+U.S. dollar equivalent of 145.2 mln Australian dlrs.
+    It said the 12.125 pct obligation will be priced at par and
+sold in the United States in a public offering managed by
+Morgan Stanley.
+    Interest payments on the notes will be made semiannually in
+U.S. dlrs starting on Sept 20, 1987, Sallie Mae said.
+    It added that the notes are due march 20, 1990.
+    Sallie Mae said it will enter into a separate currency
+exchange agreement to convert the principal payment at maturity
+from Australian dollars to U.S. dollars.
+    It said the notes will be issued in registered form and be
+available in denominations of 10,000 U.S. dlrs and in 5,000 dlr
+increments above that amount.
+    Sallie Mae said proceeds will be used for general corporate
+purchases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9704" NEWID="4791">
+<DATE>13-MAR-1987 09:43:54.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0892&#31;reute
+d f BC-WILFRED-AMERICAN-EDUC   03-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILFRED AMERICAN EDUCATIONAL CORP &lt;WAE> 4TH QTR</TITLE>
+<DATELINE>    NEW YORK, March 13 -
+    </DATELINE><BODY>Shr two cts vs 36 cts
+    Net 182,000 vs 3,433,000
+    Revs 20.1 mln vs 21.4 mln
+    Year
+    Shr 71 cts vs 98 cts
+    Net 6,706,000 vs 9,275,000
+    Revs 85.7 mln vs 75.4 mln
+    NOTE: 1985 net both periods includes gain 743,000 dlrs from
+cancellation of debt.
+    1986 quarter net includes reversal of 216,000 dlrs in
+investment tax credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9705" NEWID="4792">
+<DATE>13-MAR-1987 09:44:13.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0895&#31;reute
+r f BC-AL-LABORATORIES-INC-&lt;   03-13 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AL LABORATORIES INC &lt;BMD> 4TH QTR NET</TITLE>
+<DATELINE>    FORT LEE, N.J., March 13 -
+    </DATELINE><BODY>Shr 10 cts vs 14 cts
+    Net 913,000 vs 1,273,000
+    Revs 37.7 mln vs 24.7 mln
+    12 mths
+    Shr 61 cts vs 60 cts
+    Net 5,529,000 vs 5,448,000
+    Revs 123.6 mln vs 96.8 mln
+    NOTE: net for qtr and yr 1986 and 1985 adjusted to reflect
+retroactive effect of three-for-two stock splits distributed to
+shareholders in July 1986 and August 1985.
+    1986 net includes results of operations of Parmed
+Pharmaceuticals Inc, acquired May 29, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9706" NEWID="4793">
+<DATE>13-MAR-1987 09:44:49.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0897&#31;reute
+b f BC-/CME-BOARD-LIMITS-BUT   03-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME BOARD LIMITS BUT DOES NOT BAN DUAL TRADING</TITLE>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>The Chicago Mercantile Exchange's (CME)
+board of directors issued a letter to its members that sets
+limits, but does not ban, dual trading in the S and P 500
+futures and options pit.
+    The rules prohibit brokers who execute customer orders to 
+trade for their own account, or engage in dual trading, from
+the top step of the pit -- which the board defines as a
+geographically advantageous position in the pit.
+    Brokers who engage in dual trading in other areas of the
+pit must record to the nearest minute those personal trades.
+    The board will also set as yet unspecified percentage
+limits on the trades brokers can conduct among "broker groups,"
+otherwise known as "trading rings."
+    By issuing its own rules, the CME's board rejected a
+petition presented in February by some CME members that sought
+to prohibit dual trading of any kind in the S and P 500 pits.
+    The full CME membership will vote on the petition, since it
+was rejected by the board, by April 13. If the members reject
+the petition, the board would be free to implement its rules, a
+CME spokesman said. However, the members can vote to adopt the
+petition and institute a total ban on dual trading.
+    The board's rules on dual trading, if implemented, would
+prohibit brokers from trading for their own account once they
+have executed a customer order from the top step of the pit.
+    "It's a step in the right direction," said stock futures
+analysts William Marcus of Donaldson, Lufkin, Jenrette Inc.
+    "It's very difficult to engage in large broker business
+from anywhere but the top step," he said.
+    "If there were abuses, (the rules) should act to curb
+them," Marcus added.
+    The spokesman for the CME said the tenor of the board of
+directors' letter to members appears to leave open the
+possibility of additional limits on dual trading. In addition,
+the limits set forth so far will have to be more closely
+defined.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9707" NEWID="4794">
+<DATE>13-MAR-1987 09:45:05.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0899&#31;reute
+r f BC-NU-MED-INC-&lt;NUMS>-3RD   03-13 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NU-MED INC &lt;NUMS> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    ENCINO, Calif., March 13 -
+    </DATELINE><BODY>Shr 26 cts vs 10 cts
+    Net 2,867,000 vs 1,208,000
+    Revs 100.0 mln vs 85.0 mln
+    Avg shrs 10.4 mln vs 9,791,671
+    Nine mths
+    Shr 57 cts vs 34 cts
+    Net 6,327,000 vs 3,951,000
+    Revs 284.4 mln vs 225.4 mln
+    Avg shrs 10.1 mln vs 9,831,097
+    Current year net both periods includes gain 1,755,000 dlrs
+from change inestimation of useful lives used in depreciation
+of property and equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9708" NEWID="4795">
+<DATE>13-MAR-1987 09:45:15.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0900&#31;reute
+r f BC-ALUSUISSE-PLANS-50-PC   03-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALUSUISSE PLANS 50 PCT CAPITAL CUT</TITLE>
+<DATELINE>    ZURICH, March 13 - </DATELINE><BODY>Schweizerische Aluminium AG, Alusuisse,
+plans to reduce share and participation certificate capital by
+50 pct to cover losses in 1986 and those carried forward from
+the previous year, chief executive Hans Jucker said.
+    Jucker told a news conference that the greatest drain on
+its financial resources had been stopped, but after
+extraordinary charges the net loss of 688 mln francs in 1986
+was only slightly under the 756 mln loss of the previous year.
+    The losses in 1986 and those carried over from 1985 made it
+necessary to reduce capital by 50 pct, he said.
+    However, Jucker said the company improved liquidity through
+a recovery in cash flow and conversion of 300 mln Swiss francs
+of credit into a subordinated loan.
+    Trading in Alusuisse shares was suspended on the Zurich
+stock exchange after today's announcement by the company that
+it would cut its share capital by 50 pct, the bourse said.
+Trading would resume again on Monday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9709" NEWID="4796">
+<DATE>13-MAR-1987 09:45:37.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0904&#31;reute
+a f BC-DAVIS-WATER-&lt;DWWS>-RE   03-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAVIS WATER &lt;DWWS> RELEASES PRE-SPLIT EARNINGS</TITLE>
+<DATELINE>    THOMASVILLE, Ga., March 13 - </DATELINE><BODY>Davis Water and Waste
+Industries Inc said it has restated its earnings on a pre-
+stock split basis for fiscal 1987's third quarter and nine
+months ended January 31, which were reported March 10 on a post
+four-for-three stock split basis.
+    The company said its earnings per share for the third
+quarter on a pre-split basis, converts to 16 cts from 12 cts
+post-split, versus three cts pre-split from two cts post-split
+for fiscal 1986's third quarter.
+    For the nine months, Davis said, earnings per share would
+convert to 77 cts and 44 cts for fiscal 1987 and 1986
+respectively, from 58 cts and 33 cts, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9710" NEWID="4797">
+<DATE>13-MAR-1987 09:46:14.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0907&#31;reute
+u f BC-&lt;nova-an-alberta-corp   03-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NOVA AN ALBERTA CORP> 4TH QTR LOSS</TITLE>
+<DATELINE>    Calgary, Alberta, March 13 -
+    </DATELINE><BODY>Shr loss 15 cts vs loss 1.09 dlrs
+    Net loss 19.3 mln vs loss 139.6 mln
+    Revs 611.7 mln vs 868.6 mln
+    Year
+    Shr profit 12 cts vs loss 1.31 dlrs
+    Net profit 16.1 mln vs loss 167.9 mln
+    Revs 2.68 billion vs 3.35 billion
+    Avg shrs 134.7 mln vs 128.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9711" NEWID="4798">
+<DATE>13-MAR-1987 09:47:28.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0911&#31;reute
+u f BC-ELDER-BEERMAN-&lt;ELDR>   03-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDER-BEERMAN &lt;ELDR> GETS OFFER OF 30 DLRS/SHARE</TITLE>
+<DATELINE>    DAYTON, Ohio, March 13 - </DATELINE><BODY>Elder-Beerman Stores Corp said
+owners of about 70 pct of its stock have offered to take the
+company private by offerring 30 dlrs per share for the
+remaining 30 pct of its stock.
+    The company said the proposal will be considered at a
+regularly scheduled board meeting on March 17.
+    It said the offer was made by members of the Beerman family
+holding about 70 pct of the company's stock, Chairman Max
+Gutmann, and certain members of the board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9712" NEWID="4799">
+<DATE>13-MAR-1987 09:47:33.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0912&#31;reute
+f f BC-FRANCE-SETTLES-21.95   03-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRANCE SETTLES 21.95 BILLION FRANCS SHORT-TERM CURRENCY INTERVENTION
+ DEBT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9713" NEWID="4800">
+<DATE>13-MAR-1987 09:52:16.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0920&#31;reute
+b f BC-/CITICORP-&lt;CCI>-DENIE   03-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITICORP &lt;CCI> DENIES RUMORS OF DEBT WRITEDOWN</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Citicorp denied financial market
+rumors that it has written off some of its loans to Latin
+American debtors,
+    "Rumors that we have written off any of our Latin American
+debt are unfounded," a Citicorp spokesman told Reuters in
+response to London-based rumors in the money markets.
+    Citicorp is the largest bank group in the U.S. and one of
+the biggest lenders to Latin America, with some eight to nine
+billion dlrs outstanding to Brazil, Mexico and Argentina, bank
+analysts said.
+    In response to more specific market rumors that it had
+taken action on its exposure to Brazil, Citicorp said it made
+an 8-K filing on the subject with the Securities and Exchange
+Commission on Tuesday in relation to a registration statement
+for a preferred stock issue.
+    Citing the filing, Citicorp said that Brazil's recent
+suspension of interest payments on 68 billion dlrs of
+commercial bank debt and related actions "may require Citicorp
+to place 3.9 billion dlrs of intermediate and long-term
+Brazilian loans on a cash basis."
+    When loans are placed on a cash basis, interest or
+principal payments are only booked when received instead of
+being accrued on their due dates, analysts noted.
+    However, Citicorp said in the 8-K filing that "it is
+premature to make such a decision at this time in view of the
+fluidity of the situation and management's high confidence in
+the long-term outlook for Brazil."
+    Brazil's new central bank governor Francisco Gros met
+senior commercial bankers here on Wednesday and Citicorp said
+formal talks on Brazil's recent actions and future financing
+needs should begin in "the near future".
+    Citicorp said in the filing, "the issue will be
+re-evaluated at the end of the first quarter."
+    The bank group continued, "if it is decided that these
+loans to Brazil should be placed on a cash basis, Citicorp
+estimates, based on existing interest rates, that the impact in
+the first quarter would be approximately 50 mln dlrs after tax
+and for the full year would be approximately 190 mln dlrs after
+tax."
+    It added that these amounts include interest accrued in
+1986 that has not yet been collected.
+    Although Citicorp denied earlier rumors of major loan
+writedowns, its warning that it may have to place some of its
+Brazilian loans on non-accrual unnerved many Wall Street
+investors.
+    The common stock price was down one dlr to 51-1/8 after the
+first hour on a volume of over 500,000 shares.
+    However, Lawrence Cohn, analyst at Merrill Lynch and Co
+Inc, said that the market's nervousness was not really
+warranted.
+    "Citicorp can afford it," he said. "The amounts they are
+talking about are peanuts."
+REUTER...^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9714" NEWID="4801">
+<DATE>13-MAR-1987 09:53:18.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0925&#31;reute
+u f BC-ECHLIN-INC-&lt;ECH>-DIVI   03-13 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECHLIN INC &lt;ECH> DIVIDEND INCREASED 12 PCT</TITLE>
+<DATELINE>    BRANFORD, Conn., March 12 -
+    </DATELINE><BODY>Qtly div 14 cts vs 12.5 cts in prior qtr
+    Payable April 18
+    Record April two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9715" NEWID="4802">
+<DATE>13-MAR-1987 09:53:58.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0929&#31;reute
+r f BC-PRIVATE-BRANDS-INC-&lt;P   03-13 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIVATE BRANDS INC &lt;PRIBU> TO SEPARATE UNIT</TITLE>
+<DATELINE>    BROOKLYN, N.Y., March 13 - </DATELINE><BODY>Private Brands Inc said it will
+separate itself into component parts, all of which will trade
+individually effective March 16.
+    The designer and manufacturer of men's and women's leisure
+wear said the L.C. Wegard and Co Inc., its underwriter
+representative, requested the units trade separately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9716" NEWID="4803">
+<DATE>13-MAR-1987 09:54:14.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0931&#31;reute
+d f BC-NATIONAL-ENTERTAINMEN   03-13 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL ENTERTAINMENT CORP &lt;NENT> 3RD QTR NET</TITLE>
+<DATELINE>    LAS VEGAS, Nev., March 13 - </DATELINE><BODY>Jan 31 end
+    Shr six cts vs eight cts
+    Net 177,000 vs 252,000
+    Revs 3,209,000 vs 1,070,000
+    Nine mths
+    Shr 12 cts vs eight cts
+    Net 365,000 vs 247,000
+    Revs 7,156,000 vs 2,960,000
+    NOTE: Prior year net both periods includes 91,000 dlr tax
+credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9717" NEWID="4804">
+<DATE>13-MAR-1987 09:54:23.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0932&#31;reute
+d f BC-NATIONAL-ENTERTAINMEN   03-13 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL ENTERTAINMENT &lt;NENT> REVERSE SPLIT SET</TITLE>
+<DATELINE>    LAS VEGAS, Nev., March 13 - </DATELINE><BODY>National Entertainment Corp
+said shareholdersapproved a one-for-25 reverse stock split and
+a name change to Major Video Corp, both effective March 16.
+    It said its new ticker symbol will be &lt;MAJV>.
+    The company also said it expects to add nine company-owned
+and franchised Major Video stores in the next 60 days.  It now
+operates 64.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9718" NEWID="4805">
+<DATE>13-MAR-1987 09:55:07.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0937&#31;reute
+d f BC-&lt;pembina-resources-lt   03-13 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PEMBINA RESOURCES LTD> YEAR NET</TITLE>
+<DATELINE>    Calgary, Alberta, March 13 -
+    </DATELINE><BODY>Shr 48 cts vs 81 cts
+    Net 3,986,000 vs 6,760,000
+    Revs 77.3 mln vs 40.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9719" NEWID="4806">
+<DATE>13-MAR-1987 09:56:18.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0941&#31;reute
+u f BC-COMPUTER-MEMORIES-&lt;CM   03-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER MEMORIES &lt;CMIN> SETS FILM FIRM MERGER</TITLE>
+<DATELINE>    LOS ANGELES, March 13 - </DATELINE><BODY>Computer Memories Inc, which ended
+its disk drive operations in June 1986, agreed to acquire
+&lt;Hemdale Film Corp> in a transaction which will give Hemdale's
+owner control of the resulting company.
+    Computer Memories' principal asset is about 29.4 mln dlrs
+in cash and cash equivalents. It has agreed to exchange newly
+issued shares equaling 80 pct of the aggregate issued to
+acquire Hemdale. That company's owner, John Daly, would then
+become chief executive officer of the combined company which
+would be renamed Hemdale Film Corp.
+    Computer Memories said the proposed transaction is subject
+to the results of certain corporate reviews and approval of its
+shareholders, who will hold a special meeting as soon as
+practicable.
+    The company said it has 11,109,190 shares outstanding, of
+which about 1,734,000 are held by Intel Corp &lt;INTC>. It is
+anticipated the FIntel shares will be purchased for 2.75 dlrs a
+share in connection with the merger with Hemdale, Computer
+Memories said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9720" NEWID="4807">
+<DATE>13-MAR-1987 09:59:16.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0952&#31;reute
+d f BC-KLM-SEEKS-STAKE-IN-BR   03-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLM SEEKS STAKE IN BRITISH COURIER SERVICE</TITLE>
+<DATELINE>    AMSTERDAM, March 13 - </DATELINE><BODY>KLM Royal Dutch Airlines &lt;KLM.AS>
+said it is negotiating for a minority stake in a British and
+Commonwealth Shipping Plc &lt;BCOM.L> courier service in a
+transaction which might include a convertible loan issue.
+    KLM, already active in the fast growing door-to-door
+delivery market through a 50-pct stake in a Dutch courier
+service, is seeking to buy one-third of &lt;IML Air Services Group
+Ltd> from British and Commonwealth.
+    The two companies agreed earlier this month for KLM to take
+a 15-pct stake in British and Commonwealth commuter airline Air
+U.K. Ltd in a deal worth around two mln stg.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9721" NEWID="4808">
+<DATE>13-MAR-1987 10:01:56.08</DATE>
+<TOPICS><D>inventories</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0960&#31;reute
+f f BC-******U.S.-JAN-BUSINE   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. JAN BUSINESS INVENTORIES ROSE 0.9 PCT AFTER A REVISED 0.6 PCT DEC FALL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9722" NEWID="4809">
+<DATE>13-MAR-1987 10:02:20.72</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>belgium</D><D>west-germany</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0963&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - EMS MARKS EIGHTH BIRTHDAY</TITLE>
+<AUTHOR>    By Tony Carritt, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, March 13 - </DATELINE><BODY>The European Monetary System marks its
+eighth anniversary still vulnerable to turmoil in world money
+markets despite creating an island of currency rate stability
+in Europe, economists say. But many economists say the system,
+which holds eight European Community currencies within narrow
+fluctuation bands, remains in its infancy.
+    Its new currency, the European Currency Unit (Ecu), has
+been a runaway success with investors and borrowers alike
+seeking an alternative to the volatile dollar.
+    And on Wednesday, the long term vision of the Ecu as
+Europe's common currency took a step nearer to becoming reality
+when Belgium minted the world's first Ecu coin.
+    But economists say members such as West Germany have so far
+blocked a second stage of development envisaged by the system's
+founding fathers, ex-West German Chancellor Helmut Schmidt and
+former French President Valery Giscard d'Estaing.
+    Under this phase, originally due to have started two years
+after the EMS was set up, decision-making was to have been
+transferred from national governments and central banks to an
+autonomous European Monetary Fund.
+   But members have jealously guarded their sovereignty in
+economic and monetary matters. "The basic problem of the EMS is
+that governments are not prepared to make the quantum leap to a
+situation where certain decisions are taken in common," said one
+economist who has closely watched the system's development.
+    The result is that the EC is often divided over policy on
+third currencies, accentuating what the economists say is the
+system's greatest weakness, its vulnerability to a weak dollar.
+    Over the past 18 months, as the U.S. Dollar plunged and
+investors moved into strong currencies, the resulting sharp
+rise of the West German mark severely strained the system. MORE
+    As the mark soared against the dollar, it also rose against
+EMS currencies less favoured by international investors. And as
+West Germany last year refused to give in pressure from several
+EC partners and the United States to cut interest rates to slow
+the mark's rise, the EMS had to be realigned twice to ease
+financial and trade strains within the community.
+    Two months ago the mark and the Dutch guilder were revalued
+by three pct and the Belgian and Luxembourg francs by two pct
+against other currencies in the system -- the French franc,
+Italian lira, the Irish punt and Danish crown.
+   Another frustration has been Britain's failure to lend the
+EMS political support by keeping the pound, still a major world
+currency, outside the system.
+    No change in the British government's attitude is expected
+before the country's next general elections, due by mid-1988.
+    Meanwhile, the system's last realignment, the 11th since it
+was set up, prompted European finance ministers to ask the EC's
+highly-secretive Monetary Committee and Committee of Central
+Bank Governors to come up with suggestions for reinforcing it.
+    Their ideas are due to be unveiled when finance ministers
+hold an informal meeting in Belgium early next month.
+    But economists said the proposals are unlikely to involve
+more than tinkering with technical details. They are sceptical
+about the chances for any fundamental change.
+    "Technical measures won't be enough to protect the EMS
+against external factors such as dollar weakness. For that we
+must take the step forward to the institutional level," said Leo
+de Corel of Kredietbank's economic research department.
+    Economists say the system's fortunes now will depend
+largely on the success of an agreement last month among major
+industrial nations to stabilise exchange rates. If the dollar
+resumes its slide the EMS could be in for more turbulence, they
+predict.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9723" NEWID="4810">
+<DATE>13-MAR-1987 10:02:56.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0968&#31;reute
+r f BC-resending   03-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MILLS&lt;GIS> SEES STRONG 4TH QTR RESULTS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 13 - </DATELINE><BODY>General Mills Inc, reporting
+stronger results for the third quarter ended February 22, said
+it expects the momentum to continue in the fourth quarter.
+    The company said it expects to report "strong earnings per
+share growth and a record return on equity in fiscal 1987." It
+said this should be achieved despite expected non-operating
+charges in the final quarter.
+    General Mills said these charges will likely offset
+non-operating gains, which included six cts a share in the
+first half.
+    General Mills said at the end of the third quarter, its
+return on average equity was 31.6 pct.
+    It said major factors contributing to the third quarter
+improvement were an 11 pct gain in unit volume by Consumer
+Foods, continuing good profit growth at Red Lobster USA and
+strong performance in Specialty Retailing.
+    The company reported quarterly earnings of 56.9 mln dlrs,
+or 64 cts a share, up from 46.4 mln dlrs, or 52 cts a share a
+year ago. Sales rose to 1.31 billion dlrs from 1.13 billion
+dlrs. Year-ago data reflect a two-for-one common stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9724" NEWID="4811">
+<DATE>13-MAR-1987 10:03:43.72</DATE>
+<TOPICS><D>inventories</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0971&#31;reute
+b f BC-/U.S.-JANUARY-BUSINES   03-13 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. JANUARY BUSINESS INVENTORIES ROSE 0.9 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>U.S. business inventories rose 5.6
+billion dlrs, or 0.9 pct, to a seasonally adjusted 592.19
+billion dlrs in January, the Commerce Department said.
+    It was the largest inventory rise since July, 1979, when
+inventories were up 1.7 pct.
+    In December, inventories fell a revised 3.4 billion dlrs,
+or 0.6 pct, to 586.65 billion dlrs. Previously, the department
+said inventories fell 0.5 pct in December.
+    Business sales fell 20.1 billion dlrs, or 4.5 pct, in
+January to 428.75 billion dlrs after rising by three pct in
+December to 448.82 billion dlrs.
+    The department said it was the largest monthly sales drop
+on record.
+    January inventories were up 8.2 billion dlrs, or 1.4 pct,
+from the year-ago level of 583.99 billion dlrs.
+    Durable goods inventories rose 1.4 pct to 366.13 billion in
+January dlrs while nondurables inventories were up 0.2 pct from
+December levels to 226.07 billion dlrs.
+    Manufacturers inventories were up 0.5 pct to 277.02 billion
+dlrs in January after falling by 0.3 pct in December to 275.53
+billion dlrs.
+    Wholesalers' inventories rose 1.3 pct in January to 140.25
+billion dlrs.
+    The inventory-to-sales ratio rose to 1.38, up .07 from
+December, the department said.
+    January's sales were 2.82 billion dlrs or 0.7 pct below the
+January, 1986, level of 431.56 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9725" NEWID="4812">
+<DATE>13-MAR-1987 10:04:11.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0973&#31;reute
+d f BC-PACKAGING-SYSTEMS-&lt;PA   03-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACKAGING SYSTEMS &lt;PAKS> TO BUY LABEL FIRM</TITLE>
+<DATELINE>    PEARL RIVER, N.Y., March 13 - </DATELINE><BODY>Packaging Systems Corp said
+it agreed to acquire &lt;Walter-Richter Labels Inc>, a privately
+held maker of woven labels based in Paterson, N.J.
+    Terms of the acquisition, which is expected to be completed
+within 60 days, were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9726" NEWID="4813">
+<DATE>13-MAR-1987 10:05:27.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0978&#31;reute
+r f BC-ORBIS-&lt;ORBS>-INITIAL   03-13 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORBIS &lt;ORBS> INITIAL OFFERING UNDERWAY</TITLE>
+<DATELINE>    PROVIDENCE, R.I., March 13 - </DATELINE><BODY>Orbis Inc said an initial
+public offering of one mln common shares is underway at 2.50
+dlrs each through underwriter Providence Securities Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9727" NEWID="4814">
+<DATE>13-MAR-1987 10:05:38.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0979&#31;reute
+r f BC-MANUFACTURED-HOMES-IN   03-13 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURED HOMES INC &lt;MNH> YEAR NET</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., March 13 -
+    </DATELINE><BODY>Shr 53 cts vs 85 cts
+    Net 2,033,425 vs 3,718,325
+    Revs 120.6 mln vs 79.5 mln
+    NOTE: 1986 net includes 3,300,000 dlr provision for credit
+loss.
+    1985 net includes charge 504,571 dlrs from cumulative
+effect of accounting change.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9728" NEWID="4815">
+<DATE>13-MAR-1987 10:05:52.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0980&#31;reute
+r f BC-MINNESOTA-POWER-&lt;MPL>   03-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNESOTA POWER &lt;MPL> DEBT DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Moody's Investors Service Inc said it
+lowered Minnesota Power and Light Co's 490 mln dlrs of debt.
+    Cut were the company's first mortgage bonds and pollution
+control revenue bonds to A-2 from Aa-3, unsecured pollution
+control and industrial revenue bonds to A-3 from A-1 and
+preferred stock to A-2 from Aa-3.
+    Moody's expects Minnesota Power's earnings, returns,
+coverage ratios and cash flow measures to decline substantially
+during the next few years. It cited tax reform, weaker
+performance by the utility's securities investment program and
+initial losses for non-utility business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9729" NEWID="4816">
+<DATE>13-MAR-1987 10:06:02.13</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>haiti</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0981&#31;reute
+r f PM-HAITI-GOLD 1stld  03-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAITI ANNOUNCES FIND OF ORE-RICH GOLD FIELD</TITLE>
+<DATELINE>    PORT-AU-PRINCE, Haiti, March 13 - </DATELINE><BODY>The  Ministry of Mines
+has announced the discovery of a major gold field in Grand Bois
+in Haiti's mineral-rich North.
+    At a press conference yesterday, a Ministry spokesman
+reported the deposit contained an estimated 44 mln tons of ore,
+with each ton capable of containing 7,666 grams of gold. The
+spokesman gave no estimate of what he thought the find,
+discovered on Wednesday, was worth.
+    However, mining could only begin after foreign partners
+invest eight mln dlrs needed for technical equipment, the
+spokesman said.
+    The Haitian government has never before operated a gold
+mine, but the United Nations has recently completed a three
+year feasibility study which lists Grand Bois and Morne Bossa
+as sites of important gold deposits.
+    In 1971, the Sedren copper mine in Gonaives, operated by a
+Canadian firm, closed down after years of mining a concentrate
+containing gold as well as copper.
+    "The new Grand Bois mine represents large amounts of money,"
+said a former official of Sedren Mine.
+    "But like everything else there's a catch. The gold has to
+be extracted, and first someone has to come up with the money
+to finance the operation," the official, who asked not to be
+named, told Reuters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9730" NEWID="4817">
+<DATE>13-MAR-1987 10:06:16.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0983&#31;reute
+r f BC-HOME-GROUP-&lt;HME>-APPR   03-13 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME GROUP &lt;HME> APPROVED FOR NYSE LISTING</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Home Group Inc said its common stock
+will be listed on the &lt;New York Stock Exchange> on March 31.
+    The stock now trades on the Amex.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9731" NEWID="4818">
+<DATE>13-MAR-1987 10:06:33.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0985&#31;reute
+d f BC-HOLIDAY-CORP-&lt;HIA>,-C   03-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLIDAY CORP &lt;HIA>, COMSAT &lt;CQ> CLOSE SALE</TITLE>
+<DATELINE>    MEMPHIS, March 13 - </DATELINE><BODY>Holiday Corp and Communications
+Satellite Corp said they closed the previously announced sale
+to Comsat of Holiday's 50 pct interest in Hi-Net
+Communications, their joint venture that provides in-room video
+entertainment to hotels by satellite.
+    Under terms of the deal, Comsat paid Holiday 25 mln dlrs in
+cash and assumed half of the venture's 50 mln dlrs of
+outstanding debt, the company's said.
+    Hi-Net, they added, will continue to provide programming to
+Holiday's hotels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9732" NEWID="4819">
+<DATE>13-MAR-1987 10:06:39.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0986&#31;reute
+d f BC-CONSUMERS-FINANCIAL-C   03-13 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUMERS FINANCIAL CORP &lt;CFIN> 1986 NET</TITLE>
+<DATELINE>    CAMP HILL, Pa., March 13 -
+    </DATELINE><BODY>Shr 61 cts vs 42 cts
+    Net 6,247,000 vs 5,587,000
+    Rev 65.4 mln vs 53.6 mln
+    NOTE: 1986 net includes investment gains of 25 cts a share,
+versus six cts a share for 1985, and extraordinary gain of
+seven cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9733" NEWID="4820">
+<DATE>13-MAR-1987 10:06:44.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0987&#31;reute
+d f BC-CHICAGO-RIVET-AND-MAC   03-13 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO RIVET AND MACHINE CO &lt;CVR> 4TH QTR NET</TITLE>
+<DATELINE>    NAPERVILLE, ILL., March 13 -
+    </DATELINE><BODY>Shr 21 cts vs 60 cts
+    Net 156,576 vs 443,404
+    Sales 5,309,519 vs 5,381,264
+    Year
+    Shr 1.06 dlrs vs 1.55 dlrs
+    Net 788,220 vs 1,151,330
+    Sales 22.3 mln vs 23.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9734" NEWID="4821">
+<DATE>13-MAR-1987 10:06:48.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0988&#31;reute
+s f BC-FILTERTEK-INC-&lt;FTK>-S   03-13 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FILTERTEK INC &lt;FTK> SETS QUARTERLY</TITLE>
+<DATELINE>    HEBRON, Ill., March 13 -
+    </DATELINE><BODY>Qtly div 11 cts vs 11 cts prior
+    Pay May 15
+    Record May One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9735" NEWID="4822">
+<DATE>13-MAR-1987 10:06:58.49</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0989&#31;reute
+b f BC-UK-MONEY-MARKET-GIVEN   03-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK MONEY MARKET GIVEN LATE HELP OF 185 MLN STG</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>The Bank of England said it gave the
+money market late, unspecified assistance of around 185 mln
+stg.
+    This takes the total liquidity injected into the system by
+the bank today to 1.026 billion stg compared with a shortage it
+estimated at around one billion stg.
+    Overnight interbank sterling dipped to 10 nine pct after
+the bank's announcement compared with levels around 10-1/2 pct
+shortly before and 11-1/4 11 pct initially today, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9736" NEWID="4823">
+<DATE>13-MAR-1987 10:07:18.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0990&#31;reute
+u f BC-U.S.-FIRMS-LOBBY-FOR   03-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FIRMS LOBBY FOR DUTCH HELICOPTER ORDER</TITLE>
+<DATELINE>    THE HAGUE, March 13 - </DATELINE><BODY>A delegation from McDonnell-Douglas
+Corp &lt;MD.N> will visit the Dutch parliament on Monday in an
+attempt to win a 2.5-billion guilder helicopter order, a
+Defence Ministry spokesman said.
+    U.S. Helicopter manufacturer &lt;Sikorsky> approached Dutch
+parliamentarians and army officials last month, he added.
+    The Dutch seek 50 new army helicopters over a 10-year
+period and plan to replace Lynx navy helicopters before the
+year 2000.
+    The first batch of 20 helicopters has to be operative in
+1990, while the next 30 will be introduced gradually in the
+following years, spokesman Cent van Vliet said.
+    The U.S. Visit come as the Dutch have already narrowed down
+their options to the Mongoose of Italian producer &lt;Agusta Spa>
+and the Panther of French firm &lt;Aerospatiale>, Van Vliet said.
+    The Dutch had not considered U.S. Helicopters, he said,
+adding the Ministry planned to present its choice to parliament
+in May.
+    European models rejected include the Lynx III of British
+manufacturer &lt;Westland>. A parliamentary accounting watchdog
+this week blasted the performance of 22 older versions of the
+Lynx currently used by the navy, saying they were hardly up to
+their job.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9737" NEWID="4824">
+<DATE>13-MAR-1987 10:08:56.89</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0000&#31;reute
+u f BC-NEW-RUBBER-PACT-APPEA   03-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW RUBBER PACT APPEARS IN THE BALANCE</TITLE>
+<DATELINE>    GENEVA, March 13 - </DATELINE><BODY>Negotiations on a new International
+Natural Rubber Agreement, INRA, are approaching the
+make-or-break point and prospects for a future pact appear to
+be in the balance, delegates said.
+    Manaspas Xuto of Thailand, chairman of the INRA
+renegotiation conference, is holding consultations with a small
+group of producers and consumers to try to resolve major
+outstanding issues. When the talks began on Monday Xuto said
+those issues should be settled by the end of the first week to
+allow time to draft an agreement during the second week.
+    The talks are due to last until March 20.
+    Xuto said, "There is nothing concrete yet, but the
+atmosphere is good." The discussions are expected to continue
+late into the night, and Xuto said he may hold weekend
+meetings.
+    Delegates said negotiations now focus on the degree to
+which price adjustments should be automatic.
+    At present, if the market price has been above or below the
+reference price (set at 201.66 Malaysian/Singapore cents a kilo
+in the current agreement) for six months, the reference price
+is revised by five pct or by an amount decided by the
+International Natural Rubber Organisation council.
+    Consumers are asking that, in these circumstances, the
+adjustment be automatic at five pct or more.
+    Producers want the council to have the last word and have
+resisted reducing its role in the price adjustment procedure.
+    Delegates said there seems to be optimism about settling
+another issue -- that of the floor price.
+    It now appears that consumers may consider dropping their
+insistence of a downward adjustment of the floor price, called
+the "lower indicative price," under certain circumstances.
+    This means that any possible compromise would centre on the
+reference price, and the "may buy" (or "may sell") and "must buy" or
+"must sell" levels, without changing the "lower indicative price"
+-- which is set at 150 Malaysian/Singapore cents in the current
+pact.
+    Delegates said that in exchange for consumer flexibility on
+the floor price question, producers may consider agreeing to
+another consumer proposal for more frequent price reviews -- at
+12 month intervals instead of 18 at present.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9738" NEWID="4825">
+<DATE>13-MAR-1987 10:11:10.04</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0010&#31;reute
+b f BC-SOVIETS-RUMORED-TO-HA   03-13 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIETS RUMORED TO HAVE BOUGHT MORE U.S. CORN</TITLE>
+<DATELINE>   KANSAS CITY, March 13 - </DATELINE><BODY>The Soviet Union is rumored
+this morning to have bought up to 1.5 mln tonnes of U.S. corn,
+export trade sources said.
+    The amount was not confirmed, but the talk was widespread
+through the trade. Gulf cash barge basis levels jumped two to
+three cents this morning on the rumors, which were expected to
+boost futures prices on today's open.
+    The Soviet Union recently bought over 1.0 mln tonnes of
+U.S. corn, ostensibly as a conciliatory gesture ahead of trade
+talks with U.S. agriculture officials.
+    Purchases rumored today were seen as a positive factor in
+light of a Soviet trade official's statement that the previous
+purchase had satisfied near-term needs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9739" NEWID="4826">
+<DATE>13-MAR-1987 10:12:34.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0019&#31;reute
+r f BC-BIOASSY-&lt;BSCC>-HAS-CL   03-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOASSY &lt;BSCC> HAS CLOSED WOBURN FACILITY</TITLE>
+<DATELINE>    WOBURN, Mass., March 13 - </DATELINE><BODY>Bioassay Systems Corp said its
+toxicology facility in Woburn was closed February 28.
+    The company said it is exploring opportuniites to dispose
+of the operation's assets and assign its lease or sublease the
+space.
+    Bioassay said its Decatur, Ill., facility remains fully
+operational.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9740" NEWID="4827">
+<DATE>13-MAR-1987 10:12:43.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0020&#31;reute
+d f BC-TRANSACT-INT'L-INC-&lt;T   03-13 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSACT INT'L INC &lt;TACT> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    DARIEN, Conn., March 13 -
+    </DATELINE><BODY>Shr one ct vs three cts
+    Net 66,922 vs 194,531
+    Rev 4.2 mln vs 5.7 mln
+    Nine months
+    Shr two cts vs four cts
+    Net 93,802 vs 260,702
+    Rev 10.1 mln vs 13.2 mln
+    NOTE: Nine months 1987 period includes gain of 196,043 dlrs
+from sale of Meston Lake Resources shares and a credit of
+127,000 dlrs from a favroable settlement of s state income tax
+assessment. 1986 nine months period includes gain of 160,431
+dlrs, or two cts a share, from sale of Ferrotherm Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9741" NEWID="4828">
+<DATE>13-MAR-1987 10:16:17.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0036&#31;reute
+f f BC-******   03-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German federal railways stock 900 mln marks, 10 years at 6-1/4 pct and par - Bundesbank
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9742" NEWID="4829">
+<DATE>13-MAR-1987 10:17:10.14</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0040&#31;reute
+b f BC-FRANCE-REPAYS-SOME-OF   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE REPAYS SOME OF CURRENCY INTERVENTION DEBT</TITLE>
+<DATELINE>    PARIS, March 13 - </DATELINE><BODY>France today repaid 21.95 billion francs
+of short-term currency intervention debt to the European
+Monetary Cooperation Fund, EMCF, the Finance Ministry said.
+    It said the debt was part of a 33.90 billion franc
+liability incurred through the activation of EMCF swap
+facilities to defend the franc before the January 11 European
+Monetary System realignment.
+    The realignment, following several weeks of speculative
+pressure, produced a three pct revaluation of the West German
+mark and the Dutch guilder against the French franc and a two
+pct revaluation of the Belgian franc.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9743" NEWID="4830">
+<DATE>13-MAR-1987 10:21:58.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0052&#31;reute
+b f BC-WEST-GERMAN-RAILWAY-I   03-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN RAILWAY ISSUES DOMESTIC STOCK</TITLE>
+<DATELINE>    FRANKFURT, March 13 - </DATELINE><BODY>The West German federal railway is
+raising 900 mln marks through a 10-year loan stock on the
+domestic market with a coupon of 6-1/4 pct and price of par, a
+Bundesbank spokesman said in response to enquiries.
+    Some 750 mln marks will be offered for immediate sale with
+75 mln held back for market regulation and the remaining 75 mln
+placed with the railways own bank.
+    The stock will be offered for sale between March 17 and 19
+and will be listed on all German stock exchanges from March 20
+to 24. The stock pays annual interest on April 1.
+    Terms of the bond conformed with those expected earlier
+today, dealers said.
+    The bond rose in the first hour of grey market trading to
+less 7/8, less 5/8, after being quoted at less 1-1/8, less 7/8
+in first business.
+    Dealers said demand rose owing to the bond's relatively
+small size.
+    In contrast, the last railway issue in January totalled 1.1
+billion marks, of which 900 mln was distributed for immediate
+sale.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9744" NEWID="4831">
+<DATE>13-MAR-1987 10:22:29.45</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f0054&#31;reute
+f f BC-******SHELL-CANADA-RA   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SHELL CANADA RAISES CRUDE PRICES BY 64 CANADIAN CTS/BBL TODAY AT EDMONTON
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9745" NEWID="4832">
+<DATE>13-MAR-1987 10:22:35.58</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0055&#31;reute
+u f BC-CORRECTION---SAO-PAUL   03-13 0051</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - TWO BRAZIL SHIPPING FIRMS SETTLE
+    In today's Sao Paulo story headlined "TWO BRAZILIAN SHIPPING
+FIRMS SETTLE WITH STRIKERS" please read in second para ... Offer
+from the companies, Global and Flumar ... instead of ... Offer
+from the companies, Globo and Flumar ... corrects name of first
+company.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9746" NEWID="4833">
+<DATE>13-MAR-1987 10:23:55.05</DATE>
+<TOPICS><D>livestock</D><D>hog</D></TOPICS>
+<PLACES><D>haiti</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0065&#31;reute
+d f PM-PIGS   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAITI ALLOWS IMPORTATION OF BANNED BLACK PIGS</TITLE>
+<DATELINE>    PORT-AU-PRINCE, March 13 - </DATELINE><BODY>Haiti's agriculture minister
+yesterday announced his department will permit the importation
+of 730 black Creole pigs, which had been banned from the island
+nation since 1983.
+    Between 1981 and 1983, a team of Canadian veterinarians
+funded by the United States, Canada, Mexico and Costa Rica
+supervised the slaughter of all Haiti's 1,200,000 pigs under a
+program to eradicate African swine flu.
+    Today's announcement that Catholic Relief Services
+(CARITAS) can import 730 Jamaican pigs comes after months of
+protests by farmers who had owned 90 pct of the slaughtered
+pigs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9747" NEWID="4834">
+<DATE>13-MAR-1987 10:26:25.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0073&#31;reute
+d f BC-LEAR-PETROLEUM-&lt;LPT>   03-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEAR PETROLEUM &lt;LPT> CONSOLIDATES GAS UNITS</TITLE>
+<DATELINE>    DALLAS, March 13 - </DATELINE><BODY>Lear Petroleum Corp said it consolidated
+and reorganized its gas transmission, gathering and marketing
+operations into three new companies.
+    It said the new Lear Gas Gathering Co will handle all the
+gas gathering and processing operations previously done by
+Producer's Gas Co, Rael Gas Co, PGC Processing Co, Anadarko
+Gathering Co and LPC Energy Inc.
+    Lear said its gas transmission businesses, LPC Energy Inc,
+Producer's Gas Co and Rael Gas Co, were consolidated in Lear
+Gas Transmisssion Co.
+    At the same time, Lear said the gas marketing business
+previously conduct by PGC Marketing Inc will be assumed by Lear
+Gas Marketing Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9748" NEWID="4835">
+<DATE>13-MAR-1987 10:26:41.38</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>ussr</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0075&#31;reute
+r f BC-GERMAN-BANK-SEES-GOOD   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANK SEES GOOD SOVIET TRADE PROSPECTS</TITLE>
+<DATELINE>    FRANKFURT, March 13 - </DATELINE><BODY>Soviet-West German trade is expected
+to develop favourably due to Moscow's increasing openness to
+East-West economic relations, Dresdner Bank AG's Moscow
+representative Michael Stein said.
+    He told a bank presentation the Soviet Union was last year
+hit by the fall in world oil prices, which cut export revenue
+from oil-related products and natural gas, and its overseas
+buying power was also adversely affected by the lower dollar.
+   Dresdner Bank economist Alfred Apholte said the Soviet
+Union's large currency and gold reserves had softened the
+impact of the dollar weakening and oil price drop.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9749" NEWID="4836">
+<DATE>13-MAR-1987 10:26:59.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0078&#31;reute
+f f BC-******MOODY'S-DOWNGRA   03-13 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S DOWNGRADES BENEFICIAL CORP'S 3.4 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9750" NEWID="4837">
+<DATE>13-MAR-1987 10:29:08.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0089&#31;reute
+u f BC-PENRIL-&lt;PNL>-ELECTS-P   03-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENRIL &lt;PNL> ELECTS PRESIDENT, SETS FINANCING</TITLE>
+<DATELINE>    ROCKVILLE, Md., March 13 - </DATELINE><BODY>Penril Corp said its board
+elected Henry David Epstein president, chief executive officer
+and a director.
+    The company said Epstein and other investors have agreed to
+invest 1.5 mln dlrs in the company's shares and warrants
+subject to satisfaction of certain conditions.
+    Penril said its founder, Alva T. Bonda, remains as
+chairman.
+    It noted Epstein is chairman of Computer Communications Inc
+&lt;CCMM>. He is a former senior executive of Loral Corp &lt;LOR> and
+of Texas Instruments Inc &lt;TXN>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9751" NEWID="4838">
+<DATE>13-MAR-1987 10:32:34.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0103&#31;reute
+u f BC-NORSK-HYDRO-EURODOLLA   03-13 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORSK HYDRO EURODOLLAR BOND INCREASED TO 125 MLN</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>The 10-year eurodollar bond issue
+launched yesterday for Norsk Hydro at 8-1/4 pct and 101-5/8 pct
+has been increased to a total of 125 mln dlrs from the original
+100 mln amount, Swiss Bank Corp International said as lead.
+    The issue is due on April 9, 1997.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9752" NEWID="4839">
+<DATE>13-MAR-1987 10:33:15.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0107&#31;reute
+r f BC-GENERAL-ELECTRIC-&lt;GE>   03-13 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC &lt;GE> UNIT REDEEMS NOTES</TITLE>
+<DATELINE>    STAMFORD, Conn., March 13 - </DATELINE><BODY>General Electric Credit Corp, a
+unit of General Electric Co, said it has called for redemption
+on April 13, 1987, its 150 mln dlrs 7-5/8 pct notes due 1988.
+    The company said the notes' redemption price is 100 pct of
+their principal amount plus accrued interest.
+    GE Credit said the Bank of New York will be the
+redemption's paying agent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9753" NEWID="4840">
+<DATE>13-MAR-1987 10:33:45.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0112&#31;reute
+b f BC-******NYSE,-NYFE-MOVE   03-13 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE, NYFE MOVE EXPIRATION OF INDEX OPTIONS AND FUTURES CONTRACTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9754" NEWID="4841">
+<DATE>13-MAR-1987 10:34:05.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0113&#31;reute
+r f BC-NATIONAL-PIZZA-CO-&lt;PI   03-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL PIZZA CO &lt;PIZA> TO ACQUIRE RESTAURANTS</TITLE>
+<DATELINE>    PITTSBURGH, March 13 - </DATELINE><BODY>National Pizza Co said it reached an
+agreement in principle to buy seven Straw Hat pizza restaurants
+and certain related real estate for approximately three mln
+dlrs in cash.
+    The acquisitions will be converted to Pizza Hut
+restaurants, said National Pizza, and are expected to generate
+annual sales of approximately eight mln dlrs.
+    When the sale is complete, it will bring to 24 the number
+of restaurants operated by National Pizza, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9755" NEWID="4842">
+<DATE>13-MAR-1987 10:34:40.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0115&#31;reute
+u f BC-BENEFICIAL-&lt;BNL>-DOWN   03-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENEFICIAL &lt;BNL> DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded 3.4 billion dlrs of debt of Beneficial Corp.
+    Cut to Baa-2 from Baa-1 were the senior debt of the company
+and the guaranteed debt of its unit, Beneficial Overseas
+Finance NV.
+    Also downgraded were Beneficial's shelf registrations of
+senior debt to Provisional Baa-2 from Provisional Baa-1 and of
+subordinated debt to Provisional Ba-1 from Provisional Baa-3.
+    Moody's said the magnitude of Beneficial's 1986 operating
+losses from write-downs of discontinued businesses has weakened
+its financial position.
+    "The costs of meeting the potential liability for insurance
+losses to facilitate the sale of the company's insurance unit
+and of revaluing other discontinued business segments have
+substantially exceeded original indications," Moody's said in a
+release.
+    The agency said Beneficial's consumer finance business
+remains strong and has the capacity to withstand foreseeable
+adverse developments.
+    But the withdrawal from nontraditional businesses is
+weakening consolidated leverage, narrowing funding operations
+and depressing the quality of earnings, Moody's stressed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9756" NEWID="4843">
+<DATE>13-MAR-1987 10:35:24.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0118&#31;reute
+f f BC-******CITICORP-SAYS-P   03-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CITICORP SAYS PLACING BRAZIL LOANS ON CASH BASIS COULD CUT 1ST QTR NET BY 50 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9757" NEWID="4844">
+<DATE>13-MAR-1987 10:35:52.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0122&#31;reute
+d f BC-MALAYSIA'S-AYER-HITAM   03-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA'S AYER HITAM TO BOOST SHARE CAPITAL</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>Ayer Hitam Tin Dredging Malaysia Bhd
+said it planned to raise its authorised share capital to 50 mln
+Malaysian dlrs from the present seven mln by adding 43 mln new
+shares.
+    The firm also said in a statement it will launch a 6.1 mln
+dlr bonus issue, to be paid out of unappropriated profit, with
+stockholders getting one new share for every existing one. It
+said the issue date will be decided later.
+    Ayer added that it will not pay a dividend for the half
+year ended December 31, 1986 on the new shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9758" NEWID="4845">
+<DATE>13-MAR-1987 10:36:00.21</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0123&#31;reute
+d f BC-SINGAPORE-TO-SPEND-1.   03-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE TO SPEND 1.2 BILLION DLRS ON PORTS</TITLE>
+<DATELINE>    SINGAPORE, March 13 - </DATELINE><BODY>The Port of Singapore Authority (PSA)
+will spend 1.2 billion dlrs to develop port facilities and
+cargo-handling equipment over the next five years,
+Communications Minister Yeo Ning Hong told parliament.
+    Yeo said the improvements were needed to cope with an
+expected growth of ship tonnage and cargo handled by the port,
+but gave no further details.
+    The PSA handled 529 mln gross-registered tonnes of cargo in
+1985, according to the latest available statistics from the
+port authority.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9759" NEWID="4846">
+<DATE>13-MAR-1987 10:36:40.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0126&#31;reute
+w f BC-RANGE-ROVER-OF-NORTH   03-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RANGE ROVER OF NORTH AMERICA TO OFFER NEW MODEL</TITLE>
+<DATELINE>    WASHINGTON, D.C., March 13 - </DATELINE><BODY>Range Rover of North America
+said it will begin to sell in the U.S. its upscale
+British-built Range Rover four-wheel drive automobile.
+    The company said it is hoping to find a niche at the top of
+the American sports/utility market with a price tag of just
+over 30,000 dlrs.
+    Range Rover of North America is a wholly-owned subsidiary
+of the Land Rover group of companies, and is manufactured by
+the British company of &lt;Land Rover UK Ltd>, according to the
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9760" NEWID="4847">
+<DATE>13-MAR-1987 10:38:27.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0134&#31;reute
+u f BC-NYSE,-NYFE-MOVE-INDEX   03-13 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE, NYFE MOVE INDEX FUTURES/OPTIONS EXPIRATION</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>The &lt;New York Stock Exchange> said it
+and its &lt;New York Futures Exchange> affiliate will move the
+expiration of their respective index options and index futures
+contracts to the opening of trading in the underlying stock on
+expiration Friday from the close of trading.
+    The exchange said it has submitted the changes to the
+Securities and Exchange Commission and the Commodity Futures
+Trading Commission for approval.
+    The exchange said, "The NYSE has long advocated settlement
+in the morning rather than at the close of trading as a
+practical way to deal with order imbalances and price
+volatility which historically occur on triple witching days."
+    The "triple witching hour" falls four times a year when
+stock options, index options and futures on index options all
+expire on the third Friday of every month, leading to major
+last-hour market swings.  On the last triple witching Friday,
+December 19, the NYSE traded almost 85 mln shares at the close
+of the market.  The next triple witching hour will take place
+Friday March 20.
+    The exchange said, "Morning settlement would expose order
+imbalances to the full sunlight of public disclosure, ensure
+the broadest dissemination of market information and facilitate
+the participation of all interested investors."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9761" NEWID="4848">
+<DATE>13-MAR-1987 10:39:05.49</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0138&#31;reute
+d f BC-ORS-SEEKS-CANADIAN-FU   03-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORS SEEKS CANADIAN FUNDS FOR HEAVY OIL TEST</TITLE>
+<DATELINE>    TULSA, Okla., March 13 - </DATELINE><BODY>&lt;ORS Corp> said &lt;Dominion
+Securities (Alberta) Inc> has been appointed to offer common
+shares in a new Canadaina company being organized to exploit
+heavy oil production opportunities in Canada and Western
+Europe.
+    ORS said the offer for private sale of the stock being made
+on a best efforts basis is designed to raise five mln Canadian
+dlrs which the new company will invest in properties and
+projects using the Electromagnetic Well Stimulation Process
+developed by IIT Research Institute under sponsorship of ORS.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9762" NEWID="4849">
+<DATE>13-MAR-1987 10:42:54.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>sierra-leone</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0155&#31;reute
+r f BC-WEST-GERMANY-RESCHEDU   03-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMANY RESCHEDULES SIERRA LEONE DEBT</TITLE>
+<DATELINE>    BONN, March 13 - </DATELINE><BODY>West Germany and Sierra Leone signed an
+agreement to reschedule 26 mln marks of principal and interest
+payments on loans, the West German Foreign Ministry said.
+    A statement said the agreement related to interest and
+principle and obligations from previous reschedulings due
+between July 1, 1986 and November 13, 1987 as well as arrears
+from the period up to June 30, 1986.
+    The statement said the payments were rescheduled for 1992
+to 1996 under the accord, which followed a multilateral
+rescheduling pact agreed by "Paris Club" creditor nations on
+November 19, 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9763" NEWID="4850">
+<DATE>13-MAR-1987 10:47:32.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0164&#31;reute
+r f BC-CHRYSLER-&lt;C>-UNIT-BUY   03-13 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> UNIT BUYS BENEFICIAL &lt;BNL> UNIT</TITLE>
+<DATELINE>    ALLENTOWN, PA., March 13 - </DATELINE><BODY>Chrysler Corp said its Chrysler
+First Inc acquired a major portion of the commercial lending
+portfolio of Beneficial Business Credit Corp, a subsidiary of
+Beneficial Corp.
+    It said the acquisition involves about 84 mln dlrs of net
+receivables.
+    Chrysler First, a subsidiary of Chrysler Financial Corp,
+had receivables of 4.3 billion dlrs at the end of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9764" NEWID="4851">
+<DATE>13-MAR-1987 10:48:02.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0167&#31;reute
+r f BC-3COM-CORP-&lt;COMS>-OFFE   03-13 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>3COM CORP &lt;COMS> OFFERS SHARES OF COMMON</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 13 - </DATELINE><BODY>3Com Corp said it is
+offering 1.2 mln shares of its common stock for sale at 23.50
+per share in a public offering.
+    It said the sale is being co-managed by Goldman, Sachs and
+Co and Montgomery Securities.
+    The company said it granted the underwriters an option to
+buy 180,000 shares to cover over-allotments.
+    Net proceeds from the sale will be added to the company's
+working capital to fund future growth, 3Com said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9765" NEWID="4852">
+<DATE>13-MAR-1987 10:50:21.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0180&#31;reute
+u f BC-VOLKSWAGEN-OF-AMERICA   03-13 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLKSWAGEN OF AMERICA EARLY MARCH SALES RISE</TITLE>
+<DATELINE>    TROY, MICH., March 13 - </DATELINE><BODY>Volkswagen of America said its U.S.
+car sales for the March 1-10 period rose 4.9 pct to 849 from
+809 a year earlier.
+    It said there were eight selling days in each period.
+    Year to date, Volkswagen said domestic sales declined 42.5
+pct to 7,476 from 13,003.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9766" NEWID="4853">
+<DATE>13-MAR-1987 10:51:29.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0185&#31;reute
+d f BC-SHELLER-GLOBE-NAMES-N   03-13 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELLER-GLOBE NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    TOLEDO, Ohio, March 13 - </DATELINE><BODY>&lt;Sheller-Globe Corp> said it has
+named Alfred Grava president and chief operating officer to
+replace James Graham who was granted a medical leave in June,
+1986.
+    In addition, the company said it named George Berry
+executive vice president of the corporation and president,
+automotive/truck operations, reporting to Grava.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9767" NEWID="4854">
+<DATE>13-MAR-1987 10:53:16.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0188&#31;reute
+u f BC-ITALIAN-BUSINESS-CONC   03-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN BUSINESS CONCERNED OVER POLITICAL CRISIS</TITLE>
+<DATELINE>    ROME, March 13 - </DATELINE><BODY>Italian Prime Minister designate Giulio
+Andreotti expressed cautious optimism about his chances of
+forming a government, amid concern by industrialists that a
+lengthy political crisis could cause economic damage.
+    Andreotti today wound up his first round of political
+consultations aimed at finding a way out of the crisis.
+    His Christian Democrats and the Socialists of outgoing
+premier Bettino Craxi, whose row caused last week's collapse of
+the five-party coalition, remained deeply divided.
+    Andreotti said he would spend the weekend considering the
+situation before a second round of consultations next week.
+    Meanwhile Italy's top industrialists expressed concern that
+a long drawn-out crisis, or continuing squabbling between the
+five coalition partners, could jeopardise the major economic
+progress made in three-and-a-half stable years under Craxi.
+    Luigi Lucchini, president of the employers organisation
+Confindustria said in a speech yesterday, "What is certain is
+that a precarious political situation is damaging to the
+economy, to the objectives of companies, to competitivity."
+    His remarks were supported by Fiat chairman Giovanni
+Agnelli, who said in a radio interview that he hoped for a
+reconstruction of the coalition.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9768" NEWID="4855">
+<DATE>13-MAR-1987 10:53:41.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0189&#31;reute
+r f BC-LANESBOROUGH-SELLS-SE   03-13 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANESBOROUGH SELLS SENIOR SUBORDINATED NOTES</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Lanesborough Corp is raising 50 mln
+dlrs via an offering of senior subordinated notes due 1997 with
+a 12-3/8 pct coupon and par pricing, said sole manager First
+Boston Corp.
+    Non-callable for five years, the debt is rated Caa by
+Moody's Investors Service Inc and B-minus by Standard and
+Poor's Corp.
+    The issue was increased from an initial offering of 40 mln
+dlrs because of investor demand for high-yield securities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9769" NEWID="4856">
+<DATE>13-MAR-1987 10:55:26.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0194&#31;reute
+b f BC-NEW-SOUTH-WALES-TREAS   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW SOUTH WALES TREASURY CORP LAUNCHES YEN BOND</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>New South Wales Treasury Corp is issuing
+15 billion yen of eurobonds due April 15, 1992, priced at
+101-5/8, with a 4-7/8 pct coupon, Nikko Securities Co (Europe)
+Ltd said as book-runner and joint lead manager with Mitsui
+Trust and Banking Co Ltd.
+    The issue will be guaranteed by New South Wales and will be
+sold in denominations of one mln yen, with listing in
+Luxembourg.
+    Fees are 1-1/4 pct for selling and 5/8 pct for management
+and underwriting combined. Payment date is April 15.
+    Co-lead manager is Mitsubishi Finance International Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9770" NEWID="4857">
+<DATE>13-MAR-1987 12:02:51.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0495&#31;reute
+r f BC-SOUTHDOWN-&lt;SDW>-DEBT   03-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHDOWN &lt;SDW> DEBT DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded to Ba-2 from Baa-3 Southdown Inc's 140 mln dlrs of
+senior debt.
+    The agency also assigned an initial rating of B-1 to the
+company's 90 mln dlrs of senior subordinated notes due 1997.
+    Moody's said the action reflected increased leverage and
+reduced interest resulting from lower earnings. It also cited
+Southdown's repurchase of 28 pct of its common stock and the
+financing of that transaction by debt.
+    Moody's said the lower ratings anticipate certain debt
+reduction in the coming year from the sale of assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9771" NEWID="4858">
+<DATE>13-MAR-1987 12:03:41.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0500&#31;reute
+d f BC-ELDON'S-&lt;ELD>-HEALTHW   03-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDON'S &lt;ELD> HEALTHWAYS IN FINAL SETTLEMENT</TITLE>
+<DATELINE>    ISELIN, N.J., March 12 - </DATELINE><BODY>HealthWays Inc, a unit of Eldon
+Industries Inc, said it reached a final settlement of the
+year-old litigation with Central Jersey Individual Pratice
+Association, the Union County Medical Society and individual
+physicians.
+    On February 2 the company, a health maintenance
+organization, said a tentative agreement had been signed under
+which all approved outstanding claims to Central Jersey
+participating physicians in Middlesex and Union Counties for
+services provided before June 30 would be paid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9772" NEWID="4859">
+<DATE>13-MAR-1987 12:03:47.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0501&#31;reute
+f f BC-******CHRYSLER-EARLY   03-13 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER EARLY MARCH CAR SALES UP 0.4 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9773" NEWID="4860">
+<DATE>13-MAR-1987 12:04:13.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0502&#31;reute
+r f BC-U.S.-FARM-LOAN-SECOND   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM LOAN SECONDARY MARKET GAINS SUPPORT</TITLE>
+<AUTHOR>    By Greg McCune, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, MARCH 13 - </DATELINE><BODY>Proposals for a secondary market for
+the resale of farm real estate loans similar to home mortgage
+markets is gaining support in Congress and among rural lenders
+and could be established this year, Congressional and financial
+sources said.
+    Several bills which would establish a farm secondary market
+have been introduced in both the House and Senate. Furthermore,
+Representatives of the Farm Credit System, commercial bankers
+and life insurance companies are meeting in an attempt to agree
+on a method of establishing the market.
+    Frank Naylor, chairman of the Farm Credit Administration
+(FCA), which regulates the farm credit system, yesterday said a
+farm loan secondary market would be positive for agriculture
+"as long as the farm credit system is a key player."
+    Naylor told a House Agriculture subcommittee hearing the
+secondary market could be established either with Congressional
+legislation or administratively.
+    Any farm loan secondary market would be modeled after the
+successful resale markets in home mortgages, the Government
+National Mortgage Association (GNMA) and the Federal Home Loan
+Mortgage Corporation (Freddie Mac), industry sources said.
+    Commercial banks and life insurance companies are the main
+supporters of a farm loan secondary market because they believe
+it would allow private lenders to compete more effectively in
+rural lending with the quasi-government farm credit system,
+traditionally the largest lender to farmers.
+    A farm secondary market would allow lenders to sell
+high-quality loans on farmland to "poolers" who in turn would
+package the loans and issue farm mortgage-backed securities for
+resale to investors-- called Aggie-mae by some supporters.
+    However, the FCA and financially-troubled farm credit
+system have in the past been ambivalent about the idea.
+    The ambivalence is because any farm secondary market
+established in the private sector that excluded the farm credit
+system would put the system at a competitive disadvantage. That
+could be a financial blow to the system, which has lost 4.6
+billion dlrs in two years, Naylor and farm credit system
+officials have said.
+    A study commissioned by one of the main supporters of the
+secondary market idea, the American Council of Life Insurers,
+concludes the farm credit system's market share in rural
+lending would fall if a secondary market were established. The
+study was released earlier today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9774" NEWID="4861">
+<DATE>13-MAR-1987 12:07:04.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0519&#31;reute
+b f BC-/WESTINGHOUSE-&lt;WX>-TO   03-13 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTINGHOUSE &lt;WX> TO DESIGN BRITISH NUCLEAR UNIT</TITLE>
+<DATELINE>    PITTSBURGH, March 13 - </DATELINE><BODY>Westinghouse Electric Corp said it
+will perform work valued in excess of 200 mln dlrs on the
+1150-megawatt Sizewell B commercial nuclear power station which
+the United Kingdom will build near Suffolk on its southeast
+coast.
+    Westinghouse said it will design and erect the primary
+reactor coolant system, manufacture components and transfer
+technology for the power plant which the U.K. government
+announced plans for yesterday.
+    Westinghouse said its technology for the design of the
+pressurized water reactor will be transferred through its
+licensee in the United Kingdom, &lt;National Nuclear Corp>.
+    The company said Britian's national utility, the Central
+Electricity Generating Board, has announced plans to apply for
+planning consent for a second pressurized water reactor,
+Hinkley C in Somerset, before the end of 1987.
+    The board has said it would like to build up to five
+pressurized water reactors before the end of the century,
+Westinghouse added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9775" NEWID="4862">
+<DATE>13-MAR-1987 12:08:55.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0528&#31;reute
+b f BC-******UAL-INC-FILES-F   03-13 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UAL INC FILES FOR FIVE MLN COMMON SHARE OFFERING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9776" NEWID="4863">
+<DATE>13-MAR-1987 12:09:17.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0529&#31;reute
+b f BC-SALOMON-INC-&lt;SB>-SAID   03-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON INC &lt;SB> SAID TO CUT U.S. BANKS RATINGS</TITLE>
+<DATELINE>    NEW YORK, MARCH 13 - </DATELINE><BODY>Salomon Inc has lowered its investment
+ratings on all U.S. money center banks, institutional sources
+said.
+    The sources said Salomon believes that other money center
+banks may feel compelled to follow Citicorp's &lt;CCI> lead
+in its filing with the Securities and Exchange Commission
+relating to its loan exposure to Brazil.
+    They also said Salomon believes that other banks may
+strongly consider the possibility of placing Brazilian loans on
+a non-accruing status with the consequent negative impact on
+earnings.
+    The sources said the ratings were lowered to M from O-plus.
+The stock are now expected to match the Standard and Poor's 500
+Index, rather than outperform the index as previously expected.
+    The sources said it is also understood that the change in
+the coding of these stocks should definitely not be taken as a
+sell-recommendation because Salomon is said to believe that its
+downgrading will only prove temporary.
+    The banks affected by the change in investment coding are
+Bank of New York Co Inc &lt;BK>, Bankers Trust Co &lt;BT>, Chase
+Manhattan Corp &lt;CMB>, Chemical New York Corp &lt;CHL>, Citicorp
+&lt;CCI>, Irving Bank Corp &lt;V>, Manufacturers Hanover Corp &lt;MHC>,
+J.P. Morgan and Co Inc &lt;JPM>, Marine Midland Banks Inc &lt;MM>,
+Republic New York Corp &lt;RNB>, Bank of Boston Corp &lt;BKB> and
+First Chicago Corp &lt;FNB>.
+    The institutional sources said that Thomas Hanley, a
+director of Salomon Inc subsidiary Salomon Brothers who is in
+charge of bank stock research, believes Citicorp's move is
+well-timed.
+    Should Citicorp actually place the Brazilian loans in a
+non-performing category at the end of this quarter this action
+would serve to alleviate the urgency associated with the debt
+negotiations, he argues.
+    Thus Citicorp's bargaining position would appear to have
+been much enhanced.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9777" NEWID="4864">
+<DATE>13-MAR-1987 12:09:52.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0532&#31;reute
+r f BC-FRN-PANIC-INITIATED,   03-13 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRN PANIC INITIATED, EXACERBATED BY MARKET MAKERS</TITLE>
+<AUTHOR>    By Norma Cohen and Dominique Jackson, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>Today's panic in the floating rate note
+market has been simmering for months and is, in many ways, of
+the market makers' own doing, traders and bank officials said.
+    "For the last six months, there have been a series of crises
+in the FRN market. Each has cut deeper and deeper into the very
+fibre of the market," said a senior official at a U.S. Bank.
+    As prices have fallen, he explained, the underwriters who
+originally brought the issues have retreated. They have
+divested themselves of the paper as quickly as possible,
+unwilling to bear losses of the magnitude seen in recent panic
+trading.
+    In the virtual effective closure of the market for
+perpetual floaters last month, bankers witnessed the
+consequences of this kind of contraction of liquidity and
+investor confidence.
+    Fears were engendered about the possibility of this crisis
+infecting the market in conventional dated FRN issues, which is
+almost 10 times as large as that for perpetuals, with an
+estimated 130 billion dlrs of debt outstanding.
+    "The professionals are so nervous about holding inventory
+that they will sell at any price," said an official at a leading
+U.S. Bank, explaining the panic selling which has pushed prices
+down sharply over the last two days.
+    Bankers and FRN traders emphasised that today's trading was
+unique in that it was driven exclusively by professionals and
+that there was nothing fundamentally wrong with the securities
+they sold.
+    In highlighting this point, dealers noted that the
+benchmark issues in the FRN market -- the two FRN's for the
+U.K., Launched in 1985 and 1986 -- fell an unprecedented 50 and
+40 basis points, respectively, at the opening this morning.
+    Certainly, dealers said, Britain is no less credit-worthy
+today than it was yesterday and the country's economic health
+currently appears better than it has for some time.
+    Pointing out that this kind of sovereign and supra-national
+debt had not sagged on any fundamental weakness, one senior FRN
+source said: "The idiocy of the situation is aptly shown by the
+fact that these kind of borrowers can now tap the syndicated
+loan markets at rates lower than their floaters currently pay."
+    Dealers agreed that banking sector paper, which constitutes
+a significant part of the market, was currently under pressure.
+    Floating rate debt of major U.S. And Canadian banks eased
+markedly in nervous trading last month on renewed investor
+fears about the banks' exposure to Latin American debt.
+    The U.S. And Canadian money centre bank FRNs, along with
+Republic of Ireland paper, were hard hit again this week with
+dealers citing one heavily-traded Citicorp note falling to
+levels so low it is now effectively yielding 55 basis points
+over Libor (the London Interbank Offered Rate).
+    By comparison, the 500 mln dlr note which matures in 1998
+yielded only a fine 20 basis point over Libid (the London
+Interbank Bid Rate) when it was issued in January last year.
+    Price declines of this size can really only be explained by
+an understanding of the operating practices of leading players
+in the market, dealers and banking analysts said.
+    "This has to be understood as a matter between banks who
+have a brief to buy low and sell high," one U.S. Bank source
+noted.
+    Another senior source at a U.K. Bank drew attention to the
+enormous overhead costs and high salaries generated over the
+last few years in the FRN market, which have to be justified.
+    But even beyond the cost of running an FRN trading desk,
+dealers said, is the way the securities are bought and sold.
+    Although sophisticated on-screen dealing exists in most
+markets, in the euro-markets trading is conducted by telephone.
+    "If somebody calls you up and asks you to make him a price
+in any issue, and you do, he can say "Right. You own five mln',"
+a trader said, explaining market practice.
+    The unfortunate buyer is then forced to unload the
+securities just minutes later to yet another firm at an even
+lower price, the trader explained.
+    It is precisely this phenomenon that forced the rapid
+downward price spiral earlier today, traders said, adding that
+it is likely to continue until the markets either regain their
+confidence or market practices change.
+    One possible solution, dealers said, would be to initiate
+trading exclusively through brokers' screens, so that only
+those who wanted to buy bonds would have to "lift a bid" or buy
+at that price.
+    Meanwhile, bank regulators are apparently concerned about
+the implications of the collapse in FRN prices.
+    Traders in London said that the Bank of England has called
+around to market makers asking whether they intended to
+continue trading and what they calculated the losses to be.
+    The Bank often makes periodic checks in the market, but
+dealers said the latest enquiries were more specific.
+    A spokesman for the Bank of England was not able to comment
+immediately on the Bank's action.
+    One trader at a major U.S. Bank here said that in addition,
+the Federal Reserve Bank of New York's international capital
+markets unit has phoned banks in London today seeking
+information about trading in FRN's. He also said that this was
+not an unusual procedure.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9778" NEWID="4865">
+<DATE>13-MAR-1987 12:12:39.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0548&#31;reute
+f f BC-******GENERAL-MOTORS   03-13 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL MOTORS EARLY MARCH CAR SALES OFF 8.2 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9779" NEWID="4866">
+<DATE>13-MAR-1987 12:14:33.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0561&#31;reute
+r f BC-NYSE,-NYFE-MOVE-INDEX   03-13 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE, NYFE MOVE INDEX FUTURES/OPTIONS EXPIRATION</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>The New York Stock Exchange said it
+and its New York Futures Exchange affiliate will move the
+expiration of their respective index options and index futures
+contracts to the opening of trading in the underlying stock on
+each expiration Friday from the close of trading.
+    The exchange said it has submitted the changes to the
+Securities and Exchange Commission and the Commodity Futures
+Trading Commission for approval.
+    The exchange said, "The NYSE has long advocated settlement
+in the morning rather than at the close of trading as a
+practical way to deal with order imbalances and price
+volatility which historically occur on so-called "triple
+witching days."
+    The triple witching hour falls four times a year when
+individual stock options, stock index futures and options on
+stock indexes all expire on the third Friday of the month,
+which has led to volatile last-hour market swings.
+    On the last triple witching Friday, December 19, the NYSE
+traded almost 85 mln shares at the close of the market. The
+next triple witching hour will take place Friday, March 20.
+    The exchange said, "Morning settlement would expose order
+imbalances to the full sunlight of public disclosure, ensure
+the broadest dissemination of market information, and
+facilitate the participation of all interested investors."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9780" NEWID="4867">
+<DATE>13-MAR-1987 12:15:45.44</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0569&#31;reute
+u f BC-PETROBRAS-ASKS-ARMY-T   03-13 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETROBRAS ASKS ARMY TO WITHDRAW TROOPS</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 13 - </DATELINE><BODY>Brazil's state-oil company
+Petrobras has asked the Army to withdraw the troops which were
+occupying its oil installations since Tuesday, Petrobras said
+in a statement.
+    The statement said the request for the withdrawal of the
+troops was made because of the calmness reigning in all of its
+refineries.
+    "The request was also due to the end of the seamen's strike
+and the willingness of the oil industry workers to sit again by
+the negotiating table," the statement said.
+    Even though the Petrobras statement said the seamen's
+strike was over, a union spokesman said only two small shipping
+companies had reached a pay agreement. The overwhelming
+majority of Brazil's seamen remained on strike.
+    The statement said a meeting between Petrobras and oil
+industry leaders was set for next Wednesday in Rio, with the
+presence of Labour Minister Almir Pazzionotto as a mediator.
+    Petrobras said the request for the withdrawal of the troops
+was made at 1100 local hours (1400 GMT), but a company
+spokesman said he did not know if the troops had already been
+removed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9781" NEWID="4868">
+<DATE>13-MAR-1987 12:16:42.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f0576&#31;reute
+d f AM-COURT-LIBEL   03-13 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT VACATES LIBEL AWARD IN MOBIL CASE</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>A U.S. appeals court threw out a two
+mln dlr libel award against The Washington Post for an article
+that said former Mobil Corp president William Tavoulareas set
+up his son in a shipping firm that did business with Mobil.
+    The article said Tavoulareas had used his influence to set
+up his son, Peter, in 1974 as a partner in the London-based
+Atlas Maritime Co, a shipping company whose business included a
+multi-million dollar contract with Mobil.
+    "We are convinced that ... the 'set up' allegation was
+substantially true," the appeals court said in the 7-1 ruling.
+    The Tavoulareases said the 1979 article by the Post's
+investigative reporter, Patrick Tyler, was false and that it
+embarrassed them and held them up to ridicule.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9782" NEWID="4869">
+<DATE>13-MAR-1987 12:16:57.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0578&#31;reute
+b f BC-/CHRYSLER-&lt;C>-EARLY-M   03-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> EARLY MARCH CAR SALES UP 0.4 PCT</TITLE>
+<DATELINE>    DETROIT, March 13 - </DATELINE><BODY>Chrysler Corp said its early March
+retail sales of domestic-built cars rose 0.4 pct to 25,286 from
+25,191 a year ago.
+    Chrysler said truck sales in the March 1-10 period rose 15
+pct to 15,565 from 13,585 a year ago to the highest level ever
+for the period.
+    There were eight selling days in each period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9783" NEWID="4870">
+<DATE>13-MAR-1987 12:17:38.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0583&#31;reute
+r f BC-GCA-&lt;GCA>-SHAREHOLDER   03-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GCA &lt;GCA> SHAREHOLDERS APPROVE RESTRUCTURING</TITLE>
+<DATELINE>    ANDOVER, Mass., March 13 - </DATELINE><BODY>GCA Corp said its shareholders
+approved a restructuring plan to raise 72 mln dlrs in equity
+for the troubled maker of semiconductor production systems.
+    GCA said 90 pct of the shareholders voting at a special
+meeting yesterday approved the restructuring.
+    The plan calls for GCA to raise 48 mln dlrs through a
+rights offering and 24 mln dlrs through the sale of stock to
+joint venture partners.
+    GCA said the rights will be mailed March 17 to shareholders
+of record March 16 and will expire at 1600 EST April 6. The
+plan should be closed by April 30, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9784" NEWID="4871">
+<DATE>13-MAR-1987 12:18:35.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0586&#31;reute
+d f BC-PROPOSALS-TO-RELAX-U.   03-13 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSALS TO RELAX U.S. DRUG LAWS POSE PROBLEMS</TITLE>
+<AUTHOR>    By Marjorie Shaffer, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>The Reagan Administration's soon-to-be
+published proposals to make experimental therapies more rapidly
+and widely available to terminally ill patients pose product
+liability problems for drug companies, experts in the
+pharmaceutical field said.
+    Details of the proposals will be published in the Federal
+Register shortly and will become effective after a 90-day
+comment period.
+    Under the proposed policy, announced Tuesday by
+Commissioner of Food and Drugs Frank E. Young at a press
+conference, patients with life threatening diseases who are not
+enrolled in clinical trials would be allowed access to an
+experimental therapy. The policy also allows drug companies to
+sell the promising drugs to patients.
+    Previously drugs like AZT could be rushed into wider use
+free-of-charge if the agent was shown to be effective. Under
+the new policy, the FDA could only refuse to permit a physician
+to administer an experimental drug if it was shown to be
+unsafe.
+    Financial analysts said the plan would likely benefit
+biotechnology companies with few or no products approved for
+marketing in the U.S., but would have little economic impact on
+large drug companies with many other sources of revenue.
+    "Charging a fee for still experimental drugs could help
+biotech companies' near-term financial situation and help make
+them less dependent on outside sources," said Teena Lerner, a
+biotech analyst at L.F. Rothchild.
+    Other observers were concerned that drug companies would be
+put into a legal bind if promising drugs later proved to have
+devastating side effects.
+    "Before a lot of drug companies release these drugs they
+are going to have to think long and hard about liability--the
+product liability problems are enormous," said a
+Washington-based lawyer who specializes in the drug field.
+    Patients in clinical trials normally sign lengthy informed
+consent papers before taking an investigational drug. The
+lawyer said no more than two cases had gone to trial for suits
+against a drug company's investigational drug.
+    "The new proposals are a whole new kettle of fish," said
+the lawyer. "Drug companies are right now probably meeting with
+their insurance companies."
+    Burroughs-Wellcome Co, the U.S. arm of the British firm
+Wellcome PLC that makes AZT, Merck and Co Inc &lt;MRK>,
+Hoffman-LaRoche Inc and SmithKline Beckman Corp &lt;SKB> said it
+was too soon to comment on the policy.
+    "I'm very uncomforable with this," said Wellcome
+spokeswoman Kathy Bartlett. "We haven't had a chance to
+formulate a response yet. It's too early."
+    But some financial analysts say the proposals would benefit
+drug companies.
+    "I find the proposal to be a very significant alteration of
+the FDA's past policies that should positively affect (drug
+companies') stocks," said drug analyst Davis Saks, with Morgan,
+Olmstead, Kennedy and Gardner.
+    Saks also warned that many health care providers would balk
+at the proposal, and would call it "amoral" to charge patients
+with life-threatening diseases for drugs that otherwise would
+be given out for free in clinical trials.
+    Jeffrey Warren, spokesman for the Pharmaceutical
+Manufacturers Association, which represents the major drug
+firms in the U.S., said "A mechanism already exists at the FDA
+permitting certain seriously ill patients access to
+experimental drugs and perhaps that system can be approved."
+    Warren acknowledged that the PMA may not be able to come up
+with a consensus among its membership when the rules are
+formally published.
+    He also admitted that product liability problems could be a
+concern to major drug companies.
+    Jeffrey Levi, executive director of the National Gay and
+Lesbian Task Force, which is actively in AIDS policy and
+funding issues, cited the drug Suramin from Bayer AG &lt;BAYRY>,
+which had shown early promise as an AIDS treatment, but on
+wider clinical testing was shown to have deadly side effects.
+
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9785" NEWID="4872">
+<DATE>13-MAR-1987 12:18:44.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0587&#31;reute
+u f BC-SWISS-WARY-OF-U.S.-BR   03-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS WARY OF U.S.-BRITISH BANK SUPERVISION PACT</TITLE>
+<DATELINE>    ZURICH, March 13 - </DATELINE><BODY>Markus Lusser, vice-president of the
+Swiss National Bank, said he was sceptical of the recent
+U.S.-British accord on joint bank supervision, fearing smaller
+countries could be forced to cooperate.
+    In a speech prepared for delivery to a meeting of West
+German savings banks, he said such an accord would cover the
+three most important financial centres of the world if extended
+to Japan as planned.
+    "Countries not prepared to cooperate with an agreement of
+the group of three could easily be put under pressure," Lusser
+said.
+    "It would be enough to forbid banks the right to make use of
+those financial markets or to place them under a special
+status," he added.
+    Banks which operate worldwide could scarcely afford to stay
+away from these centres and would place their national
+governments under pressure to conform.
+    Lusser added that he was opposed to the form, though not
+the content of the accord. Switzerland itself was not affected,
+since capital adequacy requirements here were already stricter
+than in Britain or the United States. But he feared such
+accords might be substituted for internationally negotiated
+pacts.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9786" NEWID="4873">
+<DATE>13-MAR-1987 12:20:31.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0596&#31;reute
+d f BC-GERMAN-SECURITIES-MAY   03-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN SECURITIES MAY BE COUNTED IN LENDING RATIOS</TITLE>
+<DATELINE>    FRANKFURT, March 13 - </DATELINE><BODY>West German banking authorities are
+considering requiring German banks to bring securities holdings
+into lending ratio calculations used to regulate credit risk,
+banking sources said.
+    The present interpretation of the credit law limits banks'
+maximum lending to 18 times eligible capital -- reserves plus
+equity capital -- but sets no restraints on securities
+holdings.
+    Under new provisions, weightings would be attached to
+securities similar to those used for lending. Weightings would
+range from a zero rating for no-risk assets to 100 pct of total
+asset value for what authorities consider the highest risk.
+    Low-risk securities carrying a zero rating would include
+public authority bonds for the federal government, states and
+municipalities, the sources said.
+    A 20 pct rating would be assigned to issues of domestic
+banks. Secured bonds of mortgage, shipping and public authority
+banks would be an exception to this, via such securities as
+mortgage and municipal bonds.
+    Securities issued by foreign banks would attract a
+weighting of 50 pct, while authorities are considering
+requiring banks to include 100 pct of the value of debt assets
+of foreign issuers, including sovereign borrowers.
+    The sources said the revision is still being discussed, and
+required approval by the federal Banking Supervisory Office in
+West Berlin, the Bundesbank, and West Germany's four banking
+associations.
+    The move is a response to the increasing securitisation of
+debt markets, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9787" NEWID="4874">
+<DATE>13-MAR-1987 12:25:42.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0609&#31;reute
+r f BC-CNW-&lt;CNW>-SELLS-BONDS   03-13 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CNW &lt;CNW> SELLS BONDS</TITLE>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>CNW Corp said its Chicago and North
+Western Transportation Co sold 25 mln dlrs of consolidated
+mortgage 9.93 pct bonds, series C, due 1992, in a private
+placement.
+    Morgan Stanley and Co Inc was the placement agent. The
+bonds were sold yesterday.
+    Proceeds of the bond sale will be used for general
+corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9788" NEWID="4875">
+<DATE>13-MAR-1987 12:26:42.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0613&#31;reute
+u f BC-PROGRESS-IN-IRAN-LOAN   03-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROGRESS IN IRAN LOAN TALKS, FRENCH OFFICIAL SAYS</TITLE>
+<DATELINE>    PARIS, March 13 - </DATELINE><BODY>Talks between France and Iran on the
+repayment of a one billion dlr loan by the late Shah have made
+progress, Roland Dumas, head of a parliamentary Foreign Affairs
+Committee said.
+    "They are progressing as far as I have heard," Dumas told
+reporters. "The two delegations appear to be near an agreement
+on the figures."
+    Dumas, a close aide to President Francois Mitterrand,
+earlier this week met Iranian Charge d'Affaires in Paris
+Haddadi Gholam-reza.
+    The report of progress contrasts with official French
+statements last month after talks between Deputy Iranian
+Finance Minister Mehdi Navvab and the French Finance Ministry.
+    The talks, the latest round in long-running negotiations
+between the two countries, were said to have led to little
+progress on the loan repayment issue.
+    France made a first repayment of 330 mln dlrs last
+November. Since then negotiatiors have shuttled between Tehran
+and Paris for talks which France hopes will help secure freedom
+for hostages held by pro-Iranian groups in Lebanon.
+    Iran is claiming full repayment of principal and interest
+on the Shah's loan, made in 1975 to the EURODIF uranium
+enrichment consortium. It has also asked France to curb the
+activities of Iranian dissidents in France and stop selling
+weapons to Iraq, its enemy in the Gulf War.
+    France for its part has made a counter claim for more than
+500 mln dlrs in compensation for contracts with French firms
+broken after the 1979 revolution.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9789" NEWID="4876">
+<DATE>13-MAR-1987 12:27:54.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0623&#31;reute
+d f BC-DUFF/PHELPS-CHANGES-B   03-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS CHANGES BAKER&lt;BKO>, HUGHES&lt;HT> DEBT</TITLE>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>Duff and Phelps said it changed the
+ratings on outstanding senior debt of Baker International Corp
+and Hughes Tool Company.
+    The change affects 515 mln dlrs in debt and assumes a
+merger of the two companies will be completed.
+    Baker's senior debt was downgraded to DP-8 (high BBB) from
+DP-7 (low A).
+    Hughes senior debt was raised to DP-8 from DP-12 (middle
+BB) while subordinated debt was raised to DP-9 (middle BBB)
+from DP-14 (high B).
+    The debt ratio of the combined compaies will be about 40
+pct but available cash plus proceeds from the sale of assets
+will permit a prompt reduction in debt, Duff and Phelps said.
+    However, fixed charge coverages will remain very thin until
+the company's markets improve, D and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9790" NEWID="4877">
+<DATE>13-MAR-1987 12:28:07.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0624&#31;reute
+r f BC-ZENITH-&lt;ZEN>-GETS-APP   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZENITH &lt;ZEN> GETS APPROVAL FOR GENERIC KEFLEX</TITLE>
+<DATELINE>    RAMSEY, New Jersey, March 13 - </DATELINE><BODY>Zenith Laboratories Inc said
+it received Food and Drug Administration approval to market
+Cephalexin, an antibiotic that is the generic version of Eli
+Lilly Inc's &lt;LLY> Keflex.
+    Generic drugs are low-cost copies of brand name drugs that
+have lost their patents. Keflex's patent expires April 21.
+Analysts said four generic drug companies, including Zenith,
+will have approval to market generic Keflex this year.
+    Analysts said Keflex is Lilly's second leading drug
+product, with 1986 worldwide sales of about 335 mln dlrs. In
+1986 Lilly had sales of 3.7 billion dlrs.
+    "We think that in the first year that it loses its patent,
+U.S. sales of Keflex will drop to about 240 mln dlrs from 280
+mln dlrs," said Joe Riccardo, associate director of Bear
+Stearns.
+    Riccardo said Lilly would offset the loss with sales from
+Humatrope, a genetically engineered human growth hormone
+recently approved for marketing in the U.S.
+    He also said it was likely that Lilly would get U.S. FDA
+marketing approval this year for Prozac, a drug for treating
+clinical depression that also shows promise in weight
+reduction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9791" NEWID="4878">
+<DATE>13-MAR-1987 12:28:35.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F A RM
+&#22;&#22;&#1;f0625&#31;reute
+r f BC-TALKING-POINT/DOME-PE   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/DOME PETROLEUM &lt;DMP></TITLE>
+<AUTHOR>    By Larry Welsh, Reuters</AUTHOR>
+<DATELINE>    TORONTO, March 13 - </DATELINE><BODY>Dome Petroleum Ltd's revised debt
+restructuring plan keeps the company alive and improves its
+appeal as a takeover target, but full debt repayment depends on
+a sharp oil price rise, oil and banking analysts said.
+    Dome's complex proposal to let creditors link some or all
+of their debt to oil-indexed debentures or convert it to equity
+is "very cut and dried and to the point," Peters and Co Ltd
+Calgary-based energy analyst Wilf Gobert said.
+    Dome "is saying, This is the way it is. There isn't enough
+money to pay you back,'" he added.
+    The plan "strikes me as a very pragmatic thing to do,"
+First Marathon Securities Ltd oil analyst Jim Doak commented.
+    He said the plan seeks to formally tie payments to
+creditors with the price of oil, which governs Dome's cash flow
+and ability to service its debt.
+    Dome expects its total debt to reach 6.4 billion Canadian
+dlrs by June 30, 1987, when an interim debt rescheduling plan
+expires and Dome hopes to implement the long term plan.
+    Gobert said the plan would rank secured and unsecured
+creditors in a complex series of repayment categories or "an
+agreed pecking order of what your (creditors) claim to assets
+is."
+    Potential suitors would find Dome easier to swallow under
+the debt restructuring plan because it proposes to resolve
+competing claims on assets pledged to secured creditors and on
+remaining unpledged assets, Gobert and others said.
+    "Certainly the restructuring plan, once it's agreed to and
+put in place, is going to make it easier for someone to come in
+and look at doing a deal on it (acquiring the company)," Gobert
+remarked.
+    "It's going to be a lot easier than it is right now because
+you'll have settled the pecking order question," he added.
+    Gobert believes the debt plan may be partly motivated by a
+desire to sell Dome Petroleum as a whole.
+    "If the creditors wanted to liquidate their bank loans they
+could do it in an orderly fashion through the sale of the
+company, as opposed to dismemberment," he said.
+    Dome's proposal includes rescheduling secured debt payments
+over a 15 to 20 year schedule, linking payments to cash flows
+generated by assets pledged against loans and establishing
+interest rates that allow for changing oil prices.
+    Creditors' only real alternative to Dome's plan is "an
+asset grab which would liquidate the company at distress
+prices, and the banks would spend the next 20 years in court
+deciding who had what asset," First Marathon's Doak said.
+    For Dome's creditors, the plan does not offer a quick
+method to recover loans, but extends payment time in the hope
+that oil prices will rise, increasing the amount of the
+company's debt payments, Merrill Lynch Canada Inc bank analyst
+Terry Shaunessy said.
+    The plan "is not a solution. It says give me more time and
+let's keep our fingers crossed that oil goes way up."
+    Doak and Shaunessy estimated oil prices would have to rise
+to about 28 to 30 U.S. dlrs a barrel to fully service all of
+the company's debt.
+    Analysts said the plan would ensure the company continues
+to operate, but provides little other benefit to common
+shareholders.
+    "From a common shareholder standpoint, all this does is
+sort of keep him on the life support system, because there
+isn't any equity unless you get a big increase in oil prices,"
+Gobert remarked.
+    Analysts said Dome's common shares, trading today at 1.12
+dlrs, off four cents, on the Toronto Stock Exchange,
+essentially represent a long term warrant pegged to oil prices.
+    "You have to be looking at an extremely high price of oil
+in the context of historical trends before there's any residual
+value for the common shareholders," analyst Doak said.
+    While Dome's plan said lenders will be able to convert debt
+to common shares, the amount of dilution depends on share
+conversion prices still to be negotiated and how much lenders
+would choose to convert, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9792" NEWID="4879">
+<DATE>13-MAR-1987 12:31:07.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0635&#31;reute
+u f BC-/GENERAL-MOTORS-&lt;GM>   03-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MOTORS &lt;GM> EARLY MARCH CAR SALES FALL</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>General Motors Corp said car sales in
+the early March period declined 8.2 pct to 99,882 units from
+108,850 a year ago.
+    It said the figures include sales of Sprints and Spectrums.
+There were eight selling days in the period both this year and
+last.
+    The company said truck sales in the period rose 14.4 pct to
+40,131 units from 35,081 a year ago.
+    In the year-to-date period, car sales declined 26.6 pct to
+629,088 units from 856,969 a year ago. Truck sales declined 9.7
+pct to 247,372 units from 274,036 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9793" NEWID="4880">
+<DATE>13-MAR-1987 12:31:37.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0638&#31;reute
+f f BC-Midland-says-Greenwel   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MIDLAND SAYS GREENWELL MONTAGU SECURITIES TO PULL OUT OF EQUITY MARKET MAKING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9794" NEWID="4881">
+<DATE>13-MAR-1987 12:34:21.18</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0655&#31;reute
+u f BC-ITALIAN-INTERBANK-RAT   03-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN INTERBANK RATE RISES IN FEBRUARY</TITLE>
+<DATELINE>    ROME, March 13, Reuter - </DATELINE><BODY>Italy's average interbank rate
+rose to a provisional 12.18 pct in February from 12.05 pct in
+January, figures from the Bank of Italy show.
+    Weighted average rate on bank lending was a provisional
+13.78 pct in February compared with 13.83 in January, while
+average weighted rate paid on deposits eased a provisional 7.49
+pct from 7.66 pct.
+    Italy today announced that its official discount rate would
+be cut to 11.5 pct from 12 pct effective tomorrow.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9795" NEWID="4882">
+<DATE>13-MAR-1987 12:37:23.91</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0675&#31;reute
+b f BC-/YEUTTER-SAYS-DLR-LEV   03-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER SAYS DLR LEVEL BASED ON ECONOMIC POLICY</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said that whether the exchange rate of the dollar would
+fall or rise in the coming decade would depend on nations'
+financial, monetary and tax policies.
+    But, he said, in a speech and remarks to the Heritage
+Foundation, that in the end "the marketplace will ultimately
+rule the day."
+    Asked about the future of the dollar, he said that whether
+or not it would rise or fall depended on economic policies and
+coooperation among trading nations.
+    Yeutter said "if nations do the right kinds of things in
+financial, monetary and tax policies, then a lesser burden of
+adjustment is placed on exchange rates, and one could envision
+a situation of the major trading nations moving back far closer
+to what most of us would consider equilibrium and exchange
+rates becoming relatively stable."
+    But he said, on the other hand, that if nations did not
+exhibit greater self discipline and international cooperation,
+"It is simply inevitable that the exchange rates will make that
+adjustment."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9796" NEWID="4883">
+<DATE>13-MAR-1987 12:37:34.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>liffe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0676&#31;reute
+u f BC-LIFFE-EXECUTIVE-GREET   03-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFFE EXECUTIVE GREETS SEC MOVE ON FUTURES TRADE</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>A decision by the U.S. Securities and
+Exchange Commission to remove a key regulatory obstacle to
+trading foreign debt futures on U.S. Exchanges was a
+constructive development, London International Financial
+Futures Exchange (LIFFE) Chief Executive Michael Jenkins said.
+    The SEC yesterday agreed to remove the regulation against
+trading futures in designated foreign government debt
+securities on markets not located in the issuing country.
+    Jenkins said the decision cleared the way for the Chicago
+Board of Trade possibly to trade U.K. Long gilt futures and a
+Japanese yen bond contract.
+    The CBOT is now likely to proceed with an application to
+trade gilts to the Commodity Futures Trading Commmission
+(CFTC), he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9797" NEWID="4884">
+<DATE>13-MAR-1987 12:38:02.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0679&#31;reute
+r f BC-METEX   03-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAINT COMPANY HAS METEX&lt;MTX> STAKE, MAY BUY MORE</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Metropolitan Consolidated Industries
+Inc, a New York paint company, said it has acquired 278,709
+shares of Metex Corp, or 21.2 pct of the total, and left open
+the possibility that it might acquire more through a merger.
+    In a filing with the Securities and Exchange Commission,
+Metropolitan said it bought the Metex stock as an investment.
+    It also said it may buy additional shares, or sell some or
+all of its current stake. If it buys more shares, Metropolitan
+said it would consider doing so in the open market, in private
+deals, or through an exchange offer, tender offer or merger.
+    Metropolitan said it may acquire an option on or may buy
+some or all of the Metex shares owned by William Hack, a Metex
+director, who, together with this wife, holds 149,750 of the
+company's common shares, or 11.4 pct of the total.
+    Metropolitan said it already has an option to buy another
+42,750 Metex common shares at 11.25 dlrs each. The option is
+not exercisable until April 12, 1988, it said.
+    If Metropolitan were to exercise the option and acquire all
+of Hack's stake, it would have 471,208 Metex common shares, or
+35.9 pct of the total. Metropolitan's SEC filing was
+made as a shareholder group with Hack.
+    Metropolitan, which said it spent 3.1 mln dlrs to acquire
+its Metex stake, listed its recent stock purchases as 54,993
+common shares on March 67 at 10 dlrs each and 83,916 shares on
+March 11 at 11.25 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9798" NEWID="4885">
+<DATE>13-MAR-1987 12:38:08.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0680&#31;reute
+r f BC-CNW-&lt;CNW>-MAKES-PRIVA   03-13 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CNW &lt;CNW> MAKES PRIVATE BOND PLACEMENT</TITLE>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>CNW Corp said its subsidiary, Chicago
+and North Western Transportation Co, sold in a private
+placement 25 mln dlrs of Consolidated Mortgage 9.9 pct Bonds,
+Series C, due 1992.
+    It said Morgan Stanley and Co Inc acted as placement agent.
+Proceeds will be used for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9799" NEWID="4886">
+<DATE>13-MAR-1987 12:38:40.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0683&#31;reute
+d f BC-WALKER-&lt;WTEL>-TO-DISC   03-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALKER &lt;WTEL> TO DISCONTINE MOBILE OPERATIONS</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 13 - </DATELINE><BODY>Walker Telecommunications Corp
+said the company has decided to discontinue operations of its
+Mobile Communications Division which will result in a one-time
+substantial loss for the fourth quarter and year.
+    For the fourth quarter and year ended December 31, 1985
+Walker reported a net loss of 17,000 dlrs and net income of
+175,000, respectively.
+    Walker said retail prices for mobile cellular telephones
+have declined dramatically to point where the company no longer
+believes that it can profitably participate in the market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9800" NEWID="4887">
+<DATE>13-MAR-1987 12:39:39.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0690&#31;reute
+d f BC-BPI-SYSTEMS-&lt;BPII>-IN   03-13 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BPI SYSTEMS &lt;BPII> IN TALKS TO SELL COMPANY</TITLE>
+<DATELINE>    AUSTIN, Texas, March 13 - </DATELINE><BODY>BPI Systems Inc said it is
+holding discussions that could lead to the sale of all its
+outstanding shares for about 12 mln dlrs.
+    BPI president and chief executive officer David R. Fernald
+declined to identify the other party involved in the talks.
+    For the nine months ended December 31, BPI lost 1,286,000
+dlrs on sales of 6,452,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9801" NEWID="4888">
+<DATE>13-MAR-1987 12:39:45.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0691&#31;reute
+d f BC-GALAXY-CABLEVISION-&lt;G   03-13 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GALAXY CABLEVISION &lt;GTV> BEGINS AMEX TRADING</TITLE>
+<DATELINE>    NEW YORK, March 12 - </DATELINE><BODY>The American Stock Exchange said
+2,150,000 limited partnership units of newly formed Galaxy
+Cablevision LP began trading today.
+    It said the partnership, based in Sikeston, Mo., will buy
+and operate cable television systems in six states.
+    Trading opened on 3,000 units at 20-3/8, the AMEX said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9802" NEWID="4889">
+<DATE>13-MAR-1987 12:41:13.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0698&#31;reute
+f f BC-******BALLY-MANUFACTU   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BALLY MANUFACTURING SAID IT IS CONSIDERING SALE OF SIX FLAGS THEME PARKS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9803" NEWID="4890">
+<DATE>13-MAR-1987 12:42:33.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0706&#31;reute
+u f BC-TELEMEDIA-TO-BUY-HARR   03-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEMEDIA TO BUY HARROWSMITH, EQUINOX MAGAZINES</TITLE>
+<DATELINE>    MONTREAL, March 13 - </DATELINE><BODY>(Telemedia Inc) said its (Telemedia
+Publishing Inc) subsidiary agreed to buy privately-owned
+Harrowsmith and Equinox magazines for an undisclosed amount of
+cash.
+    Telemedia said the acquisition is expected to have a small
+positive impact on short-term earnings.
+    Harrowsmith, an alternative life-style magazine, is
+Canada's seventh-largest paid circulation English-language
+magazine while Equinox is the country's eighth largest. Each
+has a circulation of about 160,000 copies.
+     The magazine group had revenues of eight mln dlrs last
+year and employs 50 people, Telemedia said.             
+    Telemedia said it will also acquire a 10 pct interest in
+the company which recently launched the U.S. edition of
+Harrowsmith.
+    The magazine's U.S. editiion, begun last year, now has a
+paid circulation of 180,000, the company said.
+    It said a final deal is expected in mid-April.
+    Telemedia said the magazines' founder has agreed to
+continue to provide editorial and publishing direction for the
+magazines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9804" NEWID="4891">
+<DATE>13-MAR-1987 12:43:29.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0712&#31;reute
+u f BC-WHITE-HOUSE-SAID-HOLD   03-13 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE SAID HOLDING OFF DECISION ON BUDGET</TITLE>
+<AUTHOR>    By Michael Posner, Reuters</AUTHOR>
+<DATELINE>    Washington, March 13 - </DATELINE><BODY>Congressional budget leaders are
+asking President Reagan to join in a bipartisan effort - or
+even a summit - to write a new budget, but White House chief of
+staff Howard Baker said no decision has been made yet, a Senate
+source said.
+    The request for White House cooperation was made yesterday
+by Senate Budget Committee chairman Lawton Chiles at a meeting
+with Baker, the source said.
+    The appeal came as the Senate Budget Committee made plans
+to start drafting next Tuesday a fiscal 1988 budget plan that
+Democrats controlling Congress hope to get through both
+chambers by April 15.
+    House Democrats have been meeting privately and will
+continue discussions on Tuesday to develop a plan for the full
+committee which holds its first drafting meeting Thursday.
+    Reagan's own budget was submitted in January but Congress
+generally has rejected it as unrealistic, with the
+Congressional Budget Office saying the deficit is understated
+and should be a more realistic 134 billion dlrs.   
+    Among major controversial decisions that Congress has to
+make are levels of deficit deductions to meet the Gramm-Rudman
+budget law target of cutting the estimated 171
+billion dlr deficit for 1988 to 108 billion dlrs.
+    A key decisions is the amount of new revenues - Reagan
+proposed some 22 billion dlrs in asset sales and excise taxes -
+as part of a deficit cutting plan.
+    Reagan, who opposes new taxes, refuses to say he is
+advocating higher taxes through his revenue scheme.
+    The Gramm-Rudman law sets fixed deficit targets for
+Congress with the aim of wiping out huge deficits by 1991, but
+over the past two years deficits have exceeded the targets.
+    The Senate source said that Chiles asked for cooperation to
+avoid clashes when the Senate and House Budget committees start
+writing separate budget plans for congressional approval,
+starting next week.
+    The source said Chiles told Baker "If you start working
+sooner, rather than later you have a chance to do something
+before everyone gets locked in."
+    Baker has had conversations about the budget problem with
+Senator Pete Domenici of New Mexico, the senior Republican on
+the Senate Budget Committee, and with House Speaker Jim Wright.
+    Baker reportedly said that he plans to have further talks
+with other Republicans and House Budget Committee Chairman
+William Gray "before the the White House decides what it is
+going to do, if anything," the source said.
+    House sources said that Gray --who has been pushing the
+idea of a budget summit with Reagan--is anxious to work with
+the White House to get a compromise budget plan.
+    Besides reaching decisions on actual spending and revenue
+levels in a new budget, congressmen are considering adjusting
+or redefining the targets of the Gramm-Rudman law to make them
+more realistic.
+    Reagan presented about 36 billion dlrs in spending delays,
+cuts and revenues he said will reach 108 billion dlrs.
+    Gray has said that if Congress approves 36 billion dlrs in
+reductions, the deficit would be 134 billion dlrs realistically
+because of what he says are more accurate economic assumptions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9805" NEWID="4892">
+<DATE>13-MAR-1987 12:46:52.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>aruba</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0725&#31;reute
+d f BC-DIVI-HOTELS-NV-&lt;DVH>   03-13 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIVI HOTELS NV &lt;DVH> 3RD QTR NET</TITLE>
+<DATELINE>    ARUBA, March 13 -
+    </DATELINE><BODY>Shr profit 36 cts vs profit 14 cts
+    Net profit 1,162,000 vs profit 464,000
+    Revs 16.6 mln vs 11.3 mln
+    Nine mths
+    Shr loss 89 cts vs loss 79 cts
+    Net loss 2,988,000 vs loss 2,673,000
+    Revs 35.1 mln vs 25.1 mln
+    NOTE: Nine months fiscal 1987 includes extraordinary gain
+of 16 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9822" NEWID="4893">
+<DATE>13-MAR-1987 12:47:56.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0729&#31;reute
+u f BC-BALLY-&lt;BLY>-CONSIDERI   03-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY &lt;BLY> CONSIDERING SALE OF SIX FLAGS</TITLE>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>Bally Manufacturing Corp said it is
+considering the sale of its Six Flag theme amusement park unit
+and would use the proceeds to pay off debt.
+    In addition to the possible sale of the amusement parks,
+Bally plans to sell a minority stake in its health club chain
+to the public. The company will register a proposed offering
+with the Securities and Exchange Commission for 20 to 30 pct of
+the health clubs soon, spokesman William Peltier told Reuters.
+    "Selling Six Flags is definitely under consideration,"
+Peltier said in response to an inquiry. He said the company
+would use much of the income from the amusement park chain,
+were it to be sold, to repay debt.
+    Six Flags might sell for as much as 300 mln dlrs, analysts
+said. The health club chain, the nation's largest, is valued at
+350 to 375 mln dlrs, they said.
+    Bally reportedly already has been approached about Six
+Flags by several prospective buyers.
+    The company needs the cash to begin paying back a 1.6 mln
+dlrs mountain of debt.
+    Bally recently completed a 439 mln dlrs acquisition of the
+Golden Nugget casino hotel in Atlantic City from Golden Nugget
+Inc &lt;GNG.N>.
+    The purchase pushed its long-term debt to 1.6 billion dlrs,
+or almost 2.7 times its equity of 600 mln dlrs.
+    Bally's 325-unit health and tennis clubs had revenues in
+1986 of more than 450 mln dlrs, or about 28 pct of Bally's
+total revenues of 1.64 billion dlrs.
+    Bally acquired Six Flags for 147.4 mln dlrs in January 1982
+from Penn Central Corp. Bally bought the Great America theme
+park in Gurnee, Ill., in May 1984 for 113.2 mln dlrs from
+Marriott Corp &lt;mhs>.
+    In 1986 the parks had pretax operating profit of 48.6 mln
+dlrs on revenues of 369.4 mln dlrs.
+    The clubs and equipment unit combined to post operating
+profit of 60.4 mln dlrs on revenues of 475.6 mln dlrs in 1986,
+of which 456.2 mln came from the clubs.
+    The company earlier this month said it will take a charge
+to earnings in the first quarter of 17.3 mln dlrs as a result
+of its deal to buy back 2.6 mln of its common shares from real
+estate developer Donald Trump.
+    Under a February 21 deal, Bally agreed to buy the 2.6 mln
+of the 3.06 mln shares held by Trump at 24 dlrs a share, or
+62.4 mln dlrs, plus 6.2 mln dlrs related expenses in exchange
+for Trump not seeking control of the company for 10 years.
+    The deal also requires Bally to buy Trump's remaining
+shares for 33 dlrs a share if the stock price does not reach
+that level by February 21, 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9806" NEWID="4894">
+<DATE>13-MAR-1987 12:48:28.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0730&#31;reute
+r f BC-FRANKLIN-RESOURCES-&lt;B   03-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN RESOURCES &lt;BEN> SAYS NET MAY DOUBLE</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 13 - </DATELINE><BODY>Franklin Resources Inc said
+it believes earnings could double this year as compared to a
+year ago when the company reported income of 32 mln dlrs on 143
+mln dlrs in revenues.
+    Franklin Resources is a financial services company. Its
+fiscal year ends September 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9807" NEWID="4895">
+<DATE>13-MAR-1987 12:49:52.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0733&#31;reute
+r f BC-EVANS/SOUTHERLAND-&lt;ES   03-13 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EVANS/SOUTHERLAND &lt;ESCC> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Evans and Southerland Computer Corp is
+raising 50 mln dlrs through an offering of convertible
+subordinated debentures due 2012 with a 6-1/2 pct coupon and
+par pricing, said sole manager Hambrecht and Quist Inc.
+    The debentures are convertible into the company's common
+stock at 48.50 dlrs per share, representing a premium of 24.36
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the issue is rated B-plus by
+Standard and Poor's Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9808" NEWID="4896">
+<DATE>13-MAR-1987 12:50:10.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0734&#31;reute
+d f BC-COCA-COLA-ENTERPRISES   03-13 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA-COLA ENTERPRISES &lt;CCE> OPTIONS ON CBOE</TITLE>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>The Chicago Board Options Exchange said
+it will begin trading call and put options March 16 on
+Coca-Cola Enterprises Inc.
+    It said options will trade on the February quarterly
+expiration cycle with initial exercise prices set at 15, 17-1/2
+and 20 and position limits of 8,000 contracts on the same side
+of the market.
+    It said the new listing augments the exchange's trading of
+Coca-Cola Co &lt;KO>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9809" NEWID="4897">
+<DATE>13-MAR-1987 12:50:22.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0735&#31;reute
+r f BC-USSR-LIVESTOCK-MAY-BE   03-13 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR LIVESTOCK MAY BE IN GOOD SHAPE-U.S. REPORT</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Soviet livestock herds are possibly
+in better shape than expected after the recent harsh winter,
+the U.S. agriculture counselor in Moscow said.
+    Livestock procurement levels for January and February were
+recently reported in a Soviet agriculture newspaper to be up
+five pct from year ago levels, an attache report said.
+    "These procurement levels ... are surprisingly normal given
+the harshness of the 1986/87 winter ... indicating neither
+abnormal distress slaughter nor subnormal livestock product
+output. While the overwintering period is not over yet, the
+worst of it is, and herds are possibly in better shape than
+expected," the counselor said.
+    A healthy livestock sector will keep Soviet feed demand 
+strong and impact USSR grain imports, analysts said.
+    January livestock procurement levels were up only 1.6 pct,
+indicating a turn around in February, an Agriculture Department
+analyst of the Soviet Union said.
+    The analyst said an easing of the cold weather in February,
+coupled with heavy amounts of grain fed to the animals would
+account for the rise in procurements.
+    "There's no question that the (Soviet) livestock is in good
+shape," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9810" NEWID="4898">
+<DATE>13-MAR-1987 12:52:34.94</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>cuba</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0743&#31;reute
+u f BC-CUBA-SUGAR-CROP-SEEN   03-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUBA SUGAR CROP SEEN AT LEAST SAME AS LAST YEAR</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>Cuban sugar export figures for January
+suggest that this year's crop may be at least as large as last
+year's 7.35 mln tonnes, according to sugar analysts.
+    Exports in January totalled 733,000 tonnes raw value, up
+from 725,000 a year earlier, according to figures received by
+the International Sugar Organization.
+    January is the first major export month and the figures
+thus give a good indication of the current crop, they said.
+Fourth quarter exports fell to 622,000 tonnes from 909,000
+tonnes a year earlier, but this was because Cuba was destocking
+at the end of 1985, they added.
+    Trade house C Czarnikow recently estimated production this
+year at 7.50 mln tonnes.
+    Cuban sugar production in the third quarter of 1986 was
+12,000 tonnes, giving a final 1985/86 crop total of 7.35 mln
+tonnes, compared with a 1984/85 crop of 8.10 mln tonnes.
+    There is normally no third quarter production in Cuba, but
+a hurricane meant that last year's crop was extended.
+    Exports to the USSR were substantially down in January at
+362,000 tonnes from 489,000 in January 1986, but other Comecon
+countries received 210,000 tonnes, against 80,000 tonnes in the
+same month last year, figures received by the ISO show.
+    Bulgaria, Czechoslovakia, Poland and Romania all took
+substantially more Cuban sugar.
+    Cuba's November 1986 exports totalled 158,000 tonnes,
+compared with 190,000 tonnes in 1985, and December's total was
+237,000 tonnes, down from 518,000 tonnes the year before.
+Calendar year exports for 1986 were also lower at 6.69 mln
+tonnes against 7.21 mln in 1985 -- the lowest level since
+1980's 6.19 mln tonnes, the figures show.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9811" NEWID="4899">
+<DATE>13-MAR-1987 12:55:48.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0754&#31;reute
+r f BC-AMERICAN-HONDA-HAS-HI   03-13 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN HONDA HAS HIGHER EARLY MARCH SALES</TITLE>
+<DATELINE>    GARDENA, Calif., March 13 - </DATELINE><BODY>&lt;American Honda Motor Co Inc>
+said its domestic sales for the first 10 days of March totaled
+4,394 as compared to 3,786 a year earlier.
+    It said year-to-date sales rose to 52,143 from 31,686 last
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9812" NEWID="4900">
+<DATE>13-MAR-1987 12:56:04.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0755&#31;reute
+u f BC-HELMERICH-AND-PAYNE-I   03-13 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELMERICH AND PAYNE INC &lt;HP> INCREASES DIV</TITLE>
+<DATELINE>    TULSA, Okla, March 13 -
+    </DATELINE><BODY>Qtly div 10 cts vs nine cts
+    Payable June one
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9813" NEWID="4901">
+<DATE>13-MAR-1987 12:56:20.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0757&#31;reute
+r f BC-HOLLY-CORP-&lt;HOC>-2ND   03-13 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLLY CORP &lt;HOC> 2ND QTR JAN 31 LOSS</TITLE>
+<DATELINE>    DALLAS, March 13 -
+    </DATELINE><BODY>Shr loss 45 cts vs profit 20 cts
+    Net loss 1,841,000 vs profit 983,000
+    Revs 56.2 mln vs 102.9 mln
+    Six mths
+    Shr loss 13 cts vs profit 80 cts
+    Net loss 534,000 vs profit 4.4 mln
+    Revs 121.4 mln vs 209.3 mln
+    NOTE: Six months fiscal 1987 includes loss of 17 cts per
+share from discontinued operations.
+    Per share figures also reflect partial three-for-one stock
+split effected December 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9814" NEWID="4902">
+<DATE>13-MAR-1987 12:57:10.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0762&#31;reute
+b f BC-MIDLAND-UNIT-PULLS-OU   03-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDLAND UNIT PULLS OUT OF EQUITY MARKET MAKING</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>Midland Bank Plc &lt;MDBL.L> said its
+Greenwell Montagu Securities unit would pull out of equity
+market making and concentrate instead on providing a broker
+dealer and agency service for its clients.
+    The operation has become the first major casualty in the
+London markets since deregulation last October abolished fixed
+commissions and allowed the merging of broking and jobbing
+operations into market making activities.
+    A spokesman said Greenwell Montagu Gilt Edged, which is a
+primary gilt edged market maker, and Greenwell Montagu
+stockbrokers, were not affected by the decision.
+    The market making operation had encountered much greater
+competition than had been expected in the post-Big Bang period,
+the spokesman added.
+    Although Midland considered that the operation would be
+viable in the long term, it would require the concentration of
+greater resources than could be justified for an operation that
+was not a core Midland activity. He confirmed Greenwell Montagu
+Securities had been losing money in past months.
+    The pull out from market making would be conducted in an
+orderly fashion in the near future. There might also be some
+job losses, he said without giving any details.
+    Market sources said it was no great surprise that a market
+maker had pulled out, as the intensity of competition had
+suggested for some time that sooner or later someone would
+decide to withdraw.
+    They said some retreat by Greenwell had been likely because
+of its losses, and added there also been speculation that it
+could pull out of market making in gilts also.
+    The move was unlikely to have any major impact on market
+confidence, as the occasional speculation in the past few weeks
+had had little impact.
+    Analysts said commission rates on institutional equity
+trades have dropped sharply in the five months since
+deregulation, with some firms covering some of their reduced
+profits by trading on their own account.
+    In a recent report, Greenwell Montagu Research said, "Those
+who have made profits are either immensely clever or immensely
+lucky. Some are already approaching the pain barrier, others
+are prepared to tough it out. But until some players withdraw
+from the market, it will be difficult to improve profitability."
+    Dealers said the pace of withdrawals was likely to speed up
+in the next year, and would intensify if the three-month bull
+run on the London stock exchange petered out.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9815" NEWID="4903">
+<DATE>13-MAR-1987 12:57:54.86</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0766&#31;reute
+u f BC-WHITE-HOUSE-SAYS-TRAD   03-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE SAYS TRADE BILL GENERALLY GOOD</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>White House spokesman Marlin
+Fitzwater said the administration had some disagreements with
+the trade bill that cleared a House subcommittee yesterday but
+generally felt good about the bill.
+    "Generally we feel very good about the bipartisan
+consideration of the trade legislation. I think we are
+progressing very well," he told reporters.
+    "There are wide areas of agreement. There are some areas of
+disagreement," he said.                 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9816" NEWID="4904">
+<DATE>13-MAR-1987 12:59:22.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0776&#31;reute
+b f BC-******SUNTER-ACQUISIT   03-13 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SUNTER ACQUISITION BEGINS TENDER FOR ALLEGHENY INTERNATIONAL INC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9817" NEWID="4905">
+<DATE>13-MAR-1987 13:01:39.20</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0783&#31;reute
+u f BC-U.S.-CONSERVATION-SIG   03-13 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONSERVATION SIGNUP SEEN 10 TO 12 MLN ACRES</TITLE>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>Grain traders and analysts look for a
+10 to 12 mln acre sign-up in the USDA's conservation reserve
+program, scheduled to be announced after 1400 CST today.
+    The USDA probably will accept about 80 to 90 pct of the
+acres submitted, they said.
+    Total enrollment in the first three years of the program is
+only 8.9 mln acres, so the sharp increase expected this year
+has underpinned new crop corn futures all week.
+    However, some analysts said a 10 to 12 mln acre sign-up may
+end up being negative to new crop corn prices, citing trade
+talk earlier this year that 14 to 15 mln acres may be submitted
+by farmers. Also, acres set-aside under the conservation
+program are by definition poor yielding, so the impact on total
+corn production will be minimal, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9818" NEWID="4906">
+<DATE>13-MAR-1987 13:05:13.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0806&#31;reute
+u f BC-MOBIL-&lt;MOB>-LONG-TERM   03-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> LONG TERM DEBT DOWN IN 1986</TITLE>
+<DATELINE>    NEW YORK, MARCH 13 - </DATELINE><BODY>Mobil Corp made a 15 pct reduction in
+its long term debt in 1986 from the previous year according to
+data in its 1986 annual report.
+    Mobil chairman, Allen E. Murray said in his report to
+shareholders, "that lower debt and our strong cash and
+marketable securities position improves Mobil's flexibility."
+    Long term debt as of December 31, 1986 was put at 7.9
+billion dlrs, down 15 pct from 9.3 billion dlrs on the same day
+in 1985.
+    Mobil has moved to reduce debt at high interest rates,
+which may reduce interest payments.
+    Murray said that with the results from 1986, "we're paying
+back 3.8 billion dlrs in the past two years, or the equivalent
+of 66 pct of the debt incurred in 1984 when we bought Superior
+Oil."
+    Mobil said that it has about 183 mln dlrs of long term debt
+which is due in 1987 although this will rise appreciably to 1.2
+billion dlrs of long term debt due in 1988.
+    At the end of 1986, Mobil said it also had an existing
+effective shelf registration with the Securities and Exchange
+Commmission to permit the sale of 205 mln dlrs of debt.
+   Mobil's debt reduction program has also been abetted by
+several steps taken by the company to restructure its
+operations.
+    Mobil's Murray said in his remarks to shareholders that the
+company was continuing to dispose of assets which did not fit
+the company's long range plans and had realized some 1.1
+billion dlrs from the sale of its Container Corp subsidiary.
+    Murray said that as a result of lower debt and more
+efficient operations "the company is now is a position to seize
+opportunities that may become available and use this strength
+in whatever way best builds shareholder value."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9819" NEWID="4907">
+<DATE>13-MAR-1987 13:06:16.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0815&#31;reute
+r f BC-UNION,-PHOENIX-STEEL   03-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION, PHOENIX STEEL UNABLE TO REACH AGREEMENT</TITLE>
+<DATELINE>    CLAYMONT, Del., March 13 - </DATELINE><BODY>&lt;Phoenix Steel Corp> said it and
+the union representing workers at its seamless tubing mill in
+Phoenixville, Penn., were unable to reach agreement to extend
+the union contract that expires March 31.
+    Phoenix said the union rejected its offer to extend a labor
+agreement through May 30 and a medical insurance agreement for
+active employees through June 30.
+    The company said no further bargaining sessions are planned
+between it and United Steelworkers Local 2322.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9820" NEWID="4908">
+<DATE>13-MAR-1987 13:06:36.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>ireland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0817&#31;reute
+r f BC-CENERGY   03-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRISH OIL CONCERN BOOSTS CENERGY &lt;CRG> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Bryson Oil and Gas plc, a Belfast,
+Northern Ireland, oil company which has said it is considering
+seeking control of Cenergy Corp, said it raised its stake in
+the company to 1,281,887 shares, or 13.2 pct of the total.
+    In a filing with the Securities and Exchange Commission,
+Bryson said it bought 440,000 Cenergy common shares on March 10
+at eight dlrs each. Previously it had held 841,887 shares, or
+8.5 pct.
+    Bryson has request detailed shareholder information from
+Cenergy in case it decided to communicate with shareholders.
+But it said Cenergy has made legal challenges to the request.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9821" NEWID="4909">
+<DATE>13-MAR-1987 13:06:39.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0818&#31;reute
+s f BC-UNUM-CORP-&lt;UNM>-SETS   03-13 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNUM CORP &lt;UNM> SETS QUARTERLY</TITLE>
+<DATELINE>    PORTLAND, Maine, March 13 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay May 20
+    Record April 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9823" NEWID="4910">
+<DATE>13-MAR-1987 13:08:10.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0822&#31;reute
+u f BC-SUNTER-BEGINS-TENDER   03-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNTER BEGINS TENDER FOR ALLEGHENY &lt;AG></TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Allegheny International Inc said  
+Sunter Acquisititon Corp, formed by First Boston Inc, began a
+cash tender offer in accordance with their previously announced
+merger agreement for all the outsanding shares of Allegheny's
+common stock, 2.19 dlr cumulative preference stock and 11.25
+dlrs convertible preferred stock.
+    The offer expires April 9, unless extended.
+    Under terms of the agreement, tendering shareholders will
+receive 24.60 dlrs per common share, 20 dlrs per preference
+share and 87.50 dlrs per preferred share.
+    Allegheny said the offer is conditioned upon the valid 
+tender of stock representing a majority of the voting power and
+at least two-thirds of outstanding shares of preference stock
+and preferred stock.
+    The merger agreement was announced earlier this week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9824" NEWID="4911">
+<DATE>13-MAR-1987 13:08:30.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0824&#31;reute
+d f BC-transit-financial   03-13 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TRANSIT FINANCIAL HOLDINGS INC> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 13 -
+    </DATELINE><BODY>Shr 35 cts vs 13 cts
+    Net 531,840 vs 188,362
+    Revs not given
+    Year
+    Shr 83 cts vs 41 cts
+    Net 1,249,000 vs 620,000
+    Revs 10,800,000 vs 5,600,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9825" NEWID="4912">
+<DATE>13-MAR-1987 13:08:43.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0825&#31;reute
+r f BC-LYPHOMED-&lt;LMED>-SELLS   03-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYPHOMED &lt;LMED> SELLS CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>LyphoMed Inc is raising 70 mln dlrs
+through an offering of convertible subordinatred debentures due
+2012 with a 5-1/2 pct coupon and par pricing, said lead manager
+Alex Brown and Sons Inc.
+    The debentures are convertible into the company's common
+stock at 36.25 dlrs per share, representing a premium of 27.75
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the issue is rated BB by
+Standard and Poor's Corp. Montgomery Securities co-managed the
+deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9826" NEWID="4913">
+<DATE>13-MAR-1987 13:09:07.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0826&#31;reute
+f f BC-******IADB-CHIEF-SAYS   03-13 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IADB CHIEF SAYS WITHOUT SUSTAINED LATIN GROWTH THERE WILL EVENTUALLY BE A DEFAULT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9827" NEWID="4914">
+<DATE>13-MAR-1987 13:10:38.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0828&#31;reute
+d f BC-SPORTING-LIFE-INC-&lt;SP   03-13 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPORTING LIFE INC &lt;SPLF> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    ALEXANDRIA, Va., March 13 -
+    </DATELINE><BODY>Oper shr loss six cts vs profit four cts
+    Oper net loss 58,388 vs profit 34,101
+    Revs 2,419,203 vs 2,145,967
+    1st half
+    Oper shr profit six cts vs profit 18 cts
+    Oper net profit 61,763 vs profit 172,166
+    Revs 5,731,582 vs 4,458,040
+    NOTE: Prior year net excludes extraordinary credits of
+4,500 dlrs in quarter and 46,000 dlrs in half.
+    Current quarter net includes 47,470 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9828" NEWID="4915">
+<DATE>13-MAR-1987 13:12:12.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0833&#31;reute
+u f BC-DUTCH-INVESTMENT-BANK   03-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH INVESTMENT BANK RAISES 3.10 BILLION YEN LOAN</TITLE>
+<DATELINE>    BRUSSELS, March 13 - </DATELINE><BODY>De Nationale Investeringsbank NV of
+the Netherlands has signed a 3.1 billion yen bullet loan
+agreement, arranger Mitsubishi Bank (Europe) SA said.
+    The five-year term loan carries an interest rate of
+Japanese long term prime rate flat. It features a swap
+agreement but a Mitsubishi Bank spokesman declined to give
+further details.
+    The lenders are Mitsubishi Bank Ltd and one other Japanese
+financial institution which the spokesman declined to name.
+    Mitsubishi said the loan was believed to be the first the
+borrower has raised in yen.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9829" NEWID="4916">
+<DATE>13-MAR-1987 13:14:23.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0840&#31;reute
+b f BC-/IADB-CHIEF-WARNS-OF   03-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IADB CHIEF WARNS OF EVENTUAL LATIN DEFAULT</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Antonio Ortiz Mena, president of the
+Inter-American Development Bank, warned that if Latin countries
+were unable to speed up their economic growth, then in the long
+run there would be a default.
+    He told a press conference foreshadowing the bank's annual
+meeting next week, "For the banks it is convenient to be
+repaid. But to achieve that, the countries need to grow. If
+they don't, then in the long run there will be a default."
+    Ortiz Mena warned that Latin America needed to reverse the
+capital outflows from the region and beyond that needed more
+resources.
+    Ortiz Mena declined to agree with estimates that capital
+outflows from Latin America last year totaled 35 billion dlrs
+and that therefore he was calling for an inflow into the region
+above that sum.
+    He said the U.S. debt strategy, which envisaged stepped up
+lending by commercial and multilateral banks to major debtor
+nations of 29 billion dlrs over three years, was insufficient
+to achieve the necessary rates of growth.
+    But he did stress the U.S. plan was important and the right
+approach.
+    Ortiz Mena said, "It is in the interest of the creditors,
+not only the debtors, to push forward the development process
+in Latin America and that has happened."
+    He added, "The only problem is the resources have not been
+enough."
+    Turning to Brazil, whose growth rate he predicted will
+decline slightly this year from 1986, Ortiz Mena said the
+country's moratorium was the right action in order to avert a
+long term default.
+    "So it's preferable they negotiate now," a move which would
+eliminate any chance of panic in the markets.
+    Ortiz Mena also said that Brazilian authorities have opened
+negotiations already with commercial banks.
+    He pointed out Brazil took the action because of its
+deteriorating economic situation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9830" NEWID="4917">
+<DATE>13-MAR-1987 13:14:33.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0841&#31;reute
+u f BC-FDA-RECALL-MONSANTO&lt;M   03-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDA RECALL MONSANTO&lt;MCT> UNIT ORAL CONTRACEPTIVE</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>The Food and Drug Administration said
+Monsanto Co's &lt;MCT> G.D. Searle and Co unit is voluntarily
+recalling all lots of its Gynex oral contraceptives.
+    The FDA said some of the blister-pack cards that house the
+birth contol pills may contain out of sequence tablets in the
+28-day-cycle package. It said other 21-day-cycle packages may
+be missing some tablets.
+    If oral contraceptives are taken in the wrong order or
+skipped, the likelihood of pregancy increases.
+    The FDA said said the recall affects 315,000 packages of
+the pills which were distributed nationwide since the drug was
+first distributed in February.
+    The FDA said Searle believes only a small number of
+pacakges, about 2,000 to 3,000, were dispensed to consumers.
+    The FDA also said the labeling on the product indicates
+that Gynex oral contraceptives are manufactured and packaged by
+Corona Pharmaceutical of Corona, Calif., for G.D. Searle and
+Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9831" NEWID="4918">
+<DATE>13-MAR-1987 13:15:37.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0842&#31;reute
+u f BC-CYCLOPS   03-13 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRMS CUT CYCLOPS &lt;CYL> STAKE</TITLE>
+<DATELINE>    WASINGTON, March 13 - </DATELINE><BODY>A group of affiliated New York
+investment firms said they lowered their stake in Cyclops Corp
+to 200,500 shares, or 5.0 pct of the total outstanding, from
+260,500 shares, or 6.4 pct.
+    In a filing with the Securities and Exchange Commission,
+the group, led by Mutual Shares Corp, said it sold 60,000
+Cyclops common shares since February 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9832" NEWID="4919">
+<DATE>13-MAR-1987 13:17:27.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ase</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0846&#31;reute
+r f BC-ATTN-EDITOR---DUTCH-P   03-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMSTERDAM BOURSE SAID DELAYING DREXEL MEMBERSHIP</TITLE>
+<DATELINE>   AMSTERDAM, March 13 - </DATELINE><BODY>The Amsterdam Stock Exchange today
+declined to comment on a press report saying Drexel Burnham
+Lambert Inc's request for membership had been delayed pending
+investigation by the U.S. Securities and Exchange Commission.
+    The Exchange was replying to Reuters inquiries after the
+leading Dutch evening daily NRC Handelsblad published a report
+this evening quoting an unnamed bourse official as saying
+Drexel's application was delayed while the firm was under
+investigation by the SEC.
+    It usually takes the bourse one to two months to process a
+membership application, the official said, adding: "It's been
+going on for three to four months with Drexel, so draw your own
+conclusions."
+   "We're not particularly worried about the contents of the
+application but we think the timing is somewhat unfortunate,"
+the NRC quoted the official as saying.
+   Drexel is currently under investigation by the SEC in
+connection with insider trading activities by Ivan Boesky and
+Dennis Levine last November, a month after the company applied
+for permission to deal in Dutch equity.
+   An exchange spokesman said there was nothing unusual about
+the processing period of Drexel's application, adding that he
+would not comment on any company before all documents had been
+studied by the bourse board.
+   A spokesman from Drexel's London branch, which is dealing
+with the application, said the delay was of a purely technical
+nature in Drexel's head office in New York.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9833" NEWID="4920">
+<DATE>13-MAR-1987 13:18:28.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0849&#31;reute
+r f BC-argyll-energy-corp   03-13 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ARGYLL ENERGY CORP> YEAR LOSS</TITLE>
+<DATELINE>    TORONTO, March 13 -
+    </DATELINE><BODY>Shr loss 1.41 dlrs vs profit 27 cts
+    Net loss 8,225,052 vs profit 1,566,936
+    Revs 4,028,231 vs 6,725,462
+    Note: 1986 shr and net after 6,606,646 dlr writedown on
+property and other assets
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9834" NEWID="4921">
+<DATE>13-MAR-1987 13:18:57.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0852&#31;reute
+u f BC-NEDERLANDSE-GASUNIE-I   03-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEDERLANDSE GASUNIE IN 3.28 BILLION YEN LOAN DEAL</TITLE>
+<DATELINE>    BRUSSELS, March 13 - </DATELINE><BODY>NV Nederlandse Gasunie of the
+Netherlands has signed a 3.28 billion yen bullet loan
+agreement, arranger Mitsubishi Bank (Europe) SA said.
+    The interest rate on the 5-1/2 year loan is the Japanese
+long term prime rate flat. The loan has a swap agreement but a
+bank spokesman declined to give further details.
+    The lenders are Mitsubishi Bank Ltd and another Japanese
+financial institution which the spokesman declined to name.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9835" NEWID="4922">
+<DATE>13-MAR-1987 13:20:44.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0856&#31;reute
+d f BC-transit-financialsees   03-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSIT FINANCIAL SEES 1987 SHARE PROFIT RISE</TITLE>
+<DATELINE>    TORONTO, March 13 - </DATELINE><BODY>&lt;Transit Financial Holdings Inc>,
+earlier reporting higher fourth quarter and full year earnings,
+said it expects 1987 share profit to increase to 1.27 dlrs from
+83 cts in 1986.
+    The company said the 1987 share forecast is based on 2.5
+mln shares outstanding, after a one mln common share issue on
+December 30, 1986. Its 1986 and 1985 earnings were based on 1.5
+mln shares outstanding.
+    The company earlier reported 1986 profit rose to 1,249,000
+dlrs or 83 cts a shares from year-earlier 620,000 dlrs or 41
+cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9836" NEWID="4923">
+<DATE>13-MAR-1987 13:20:53.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0857&#31;reute
+d f BC-CME-BOARD-PLAN-SAID-N   03-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME BOARD PLAN SAID NOT ANSWER TO DUAL TRADING</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>A proposal by the Chicago Mercantile
+Exchange's (CME) board of directors to restrict dual trading by
+stock-index futures floor brokers would not provide a solution
+to alleged abuses in the market, House Small Business Committee
+chief economist John Helmuth said.
+    Helmuth worked on legislation offered earlier this week by
+Rep. Neil Smith (D-Iowa) to ban dual trading in the Standard
+and Poor's 500 stock index futures trading pit.
+    Last night the CME board recommended curbing, but not
+banning, dual trading in S and P 500 futures and options.
+    The CME board rejected a petition presented in February by
+some members seeking an outright ban on dual trading, whereby 
+floor brokers trade for their own accounts as well as for
+customers.
+    Helmuth said the board's proposal would not prevent traders
+from falsifying the record that shows the times of their
+trades.
+    Helmuth predicted Smith's bill would be closely examined by
+the House Energy and Commerce Committee, chaired by Rep. John
+Dingell (R-Michigan). Dingell and his staff were unavailable
+for comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9837" NEWID="4924">
+<DATE>13-MAR-1987 13:27:39.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0880&#31;reute
+f f BC-******AMERICAN-MOTORS   03-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN MOTORS CORP EARLY MARCH U.S. CAR SALES OFF 57 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9838" NEWID="4925">
+<DATE>13-MAR-1987 13:29:03.45</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0881&#31;reute
+f f BC-******SAN-PAOLO-DI-TO   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SAN PAOLO DI TORINO CUTS PRIME RATE TO 12.50 PCT FROM 13.00 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9839" NEWID="4926">
+<DATE>13-MAR-1987 13:29:42.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0883&#31;reute
+r f BC-PEGASUS-GOLD-&lt;PGULF>   03-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEGASUS GOLD &lt;PGULF> REDUCES DEBT</TITLE>
+<DATELINE>    SPOKANE, WASH., March 13 - </DATELINE><BODY>Pegasus Gold Inc said it
+cut its long term debt to 85 mln dlrs from 100 mln dlrs when
+its European bondholders voluntarily converted some of their
+debt holdings into 1.5 mln shares of Pegasus common.
+    The company said the debt converted represents about 40 pct
+of the total 60 mln Swiss franc convertible debentures it
+completed last Fall.
+    In addition, Pegasus said it began mining and processing
+operations at its Zortman/Landusky Mine one month ahead of
+schedule.
+    Pegasus said it completed the first phase of its 1987 Super
+Pad ahead of schedule as well, allowing the mining company to
+load up to 7.5 mln tons of new ore on the pad.
+    Pegasus estimated that 1987 production at the
+Zortman/Landusky mine will be about 80,000 ounces of gold and
+225,000 ounces of silver.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9840" NEWID="4927">
+<DATE>13-MAR-1987 13:31:47.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>liffe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0891&#31;reute
+r f BC-LIFFE-EXECUTIVE-GREET   03-13 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFFE EXECUTIVE GREETS SEC MOVE ON FUTURES TRADE</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>A decision by the U.S. Securities and
+Exchange Commission to remove a key regulatory obstacle to
+trading foreign debt futures on U.S. Exchanges was a
+constructive development, London International Financial
+Futures Exchange (LIFFE) Chief Executive Michael Jenkins said.
+    The SEC yesterday agreed to remove the regulation against
+trading futures in designated foreign government debt
+securities on markets not located in the issuing country.
+    Jenkins said the decision cleared the way for the Chicago
+Board of Trade possibly to trade U.K. Long gilt futures and a
+Japanese yen bond contract.
+    The CBOT is now likely to proceed with an application to
+trade gilts to the Commodity Futures Trading Commmission
+(CFTC), he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9841" NEWID="4928">
+<DATE>13-MAR-1987 13:34:32.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0905&#31;reute
+f f BC-******PRESIDENT-REAGA   03-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PRESIDENT REAGAN VOWS NO TAX RATE INCREASE AS LONG AS HE IS PRESIDENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9842" NEWID="4929">
+<DATE>13-MAR-1987 13:35:10.38</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0909&#31;reute
+f f BC-CANADIAN-MONEY-SUPPLY   03-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADIAN MONEY SUPPLY M-1 RISES 592 MLN DLRS IN WEEK, BANK OF CANADA SAID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9843" NEWID="4930">
+<DATE>13-MAR-1987 13:37:05.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0921&#31;reute
+r f BC-HOLLY-CORP-&lt;HOC>-2ND   03-13 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLLY CORP &lt;HOC> 2ND QTR JAN 31 LOSS</TITLE>
+<DATELINE>    DALLAS, March 13 -
+    </DATELINE><BODY>Shr loss 45 cts vs profit 20 cts
+    Net loss 1,841,000 vs profit 983,000
+    Revs 56.2 mln vs 102.9 mln
+    Avg shrs 4,127,000 vs 4,835,000
+    1st half
+    Oper shr four cts vs 80 cts
+    Oper net 172,000 vs 4,359,000
+    Revs 121.4 mln vs 209.3 mln
+    Avg shrs 4,127,000 vs 5,439,000
+    NOTE: Current half net excludes 706,000 dlr loss from
+discontinued oil and natural gas operations.
+    Share adjusted for three-for-one stock split and
+recapitalization in December 1985.
+    Prior year net both periods includes pretax charge of
+2,300,000 dlrs from recapitalization costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9844" NEWID="4931">
+<DATE>13-MAR-1987 13:37:26.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0923&#31;reute
+r f BC-chrysler-canada   03-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> CANADA SETS MORE CASH REBATES</TITLE>
+<DATELINE>    TORONTO, March 13 - </DATELINE><BODY>Chrysler Canada Ltd, wholly owned by
+Chrsyler Corp, said it added some car and truck models to the
+company's cash rebate program and discontinued the models from
+its 3.9 pct financing plan.
+    Chrysler Canada said effective March 16 it will offer a 750
+dlr cash rebate on 1986 and 1987 Dodge Aries and Plymouth
+Reliant sales. It will also offer a 500 dlr rebate to buyers of
+1986 and 1987 Tursimo and Charger cars as well as Ram 50 and
+Power Ram 50 trucks.
+    The financing plan on the models will be discontinued March
+15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9845" NEWID="4932">
+<DATE>13-MAR-1987 13:37:34.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0924&#31;reute
+r f BC-HIGH-POINT-SELLS-DEBT   03-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGH POINT SELLS DEBT AND STOCK CONTRACTS</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>High Point Financial Corp is raising
+six mln dlrs through an offering of redeemable subordinated
+debentures due 1997 yielding 8.65 pct, said sole underwriter
+Ryan, Beck and Co.
+    The debentures have an 8-1/2 pct coupon and were priced at
+99 to yield 147 basis points more than comparable Treasuries.
+    High Point also sold 6.66 mln dlrs of cancellable mandatory
+stock purchase contracts that require the purchase on March 1,
+1997 of the company's common stock at 23 dlrs per share. High
+Point is trading at 22 dlrs a share in the over-the-counter
+market, according to Ryan, Beck.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9846" NEWID="4933">
+<DATE>13-MAR-1987 13:37:48.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0926&#31;reute
+d f BC-CYCLOPS-&lt;CYL>-WILL-NO   03-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYCLOPS &lt;CYL> WILL NOT GIVE DATA TO GROUP</TITLE>
+<DATELINE>    PITTSBURGH, March 13 - </DATELINE><BODY>Cyclops Corp said its board rejected
+a request by Cyacq Corp, an investor group, for more non-public
+information about Cyclops, a maker of specialty steels and an
+electronics retailer.
+    Cyclops cited its agreement to be acquired by Britain's
+Dixons Group PLC for 90.25 dlrs a share under a tender offer
+that expires midnight March 17.
+    Cyacq, comprising Audio/Video Affiliates Inc, Citicorp
+Capital Investors Ltd and other investors, yesterday said it
+would increase its tender offer for Cyclops to 92.50 dlrs a
+share from 80 dlrs, subject to certain conditions.
+    The conditions were that Cyclops provide Cyacq with
+non-public data given to Dixons and that Cyacq be satisfied
+with financial projections made by Dixons in its offer.
+    Cyclops also said its board determined that Cyacq's
+announcement was not an offer. "Cyacq's press release does not
+amend Cyacq's outstanding tender offer which remains at 80 dlrs
+per share and it does not state that Cyacq has financing
+commitments necessary to carry out its original offer or any
+increased offer that it may make," Cyclops said in a statement.
+    Its agreements with Dixons are binding and Dixons indicated
+it will not rescind or waive any provisions of the pacts,
+Cyclops said.
+    The company also said it was advised that Dixons'
+shareholders approved the merger, satisfying that condition of
+the agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9847" NEWID="4934">
+<DATE>13-MAR-1987 13:37:57.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0927&#31;reute
+d f BC-SAN-JUAN-RACING-ASSOC   03-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAN JUAN RACING ASSOCIATION INC &lt;SJR> 3RD QTR</TITLE>
+<DATELINE>    NEW YORK, March 13 -
+    </DATELINE><BODY>Shr 22 cts vs 22 cts
+    Net 915,911 vs 970,141
+    Revs 8.0 mln vs 8.0 mln
+    Nine months
+    Shr 69 cts vs 56 cts
+    Net 3.0 mln vs 2.4 mln
+    Revs 23.5 mln vs 22.1 mln
+    NOTE:1987 3rd qtr and nine months include extraordainry
+gain of 341,145 dlrs and 480,412 dlrs, respectively, on sale of
+land.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9848" NEWID="4935">
+<DATE>13-MAR-1987 13:38:10.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0929&#31;reute
+d f BC-STATUS-GAME-&lt;STGM>-TO   03-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATUS GAME &lt;STGM> TO PRODUCE CONDOM MACHINES</TITLE>
+<DATELINE>    NEWINGTON, Conn., March 13 - </DATELINE><BODY>Status Game Corp said it has
+started making condom vending machines which it will start
+distributing within the next 30 days.
+    It said initially it will place the machines in the 1,200
+Nevada locations in which it has other vending machines. But it
+said it has already received a substantial number of inquiries
+from potential customers in Europe, Canada and the U.S.,
+including two large English breweries which each operates over
+5,000 pubs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9849" NEWID="4936">
+<DATE>13-MAR-1987 13:40:02.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0934&#31;reute
+d f BC-OCCIDENTAL-&lt;OXY>-UNIT   03-13 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> UNIT IN MARKETING PLAN</TITLE>
+<DATELINE>    HOUSTON, March 13 - </DATELINE><BODY>Occidental Petroleum Corp's Natural Gas
+Pipeline Co of America unit said it has introduced a "Fast
+Break" plan for expedited processing of requests for
+interruptible natural gas transportation service.
+    It said under Fast Break, customers submitting streamlined
+service requests will receive interim transportation agreements
+and, in most cases, have gas flowing within seven working days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9850" NEWID="4937">
+<DATE>13-MAR-1987 13:41:07.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0938&#31;reute
+u f BC-LUCKY-STORES   03-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDELMAN CUTS LUCKY STORES &lt;LKS> STAKE TO 4.8 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>A group led by New York investor
+Asher Edelman said he lowered its stake in Lucky Stores Inc
+&lt;LKS> to 1,827,734 shares, or 4.8 pct of the total outstanding
+common stock, from 1,930,734 shares, or 5.1 pct.
+    In a filing with the Securities and Exchange Commission,
+the Edelman group said it sold 103,000 Lucky Stores common
+shares on March 9 and 10 at prices ranging from 28.625 to
+30.375 dlrs a share.
+    So long as Edelman's stake is below five pct he is not
+required to report his dealings in Lucky Stores stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9851" NEWID="4938">
+<DATE>13-MAR-1987 13:41:43.89</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0941&#31;reute
+b f BC-CANADIAN-MONEY-SUPPLY   03-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN MONEY SUPPLY RISES IN WEEK</TITLE>
+<DATELINE>    OTTAWA, March 13 - </DATELINE><BODY>Canadian narrowly-defined money supply
+M-1 rose 592 mln dlrs to 33.36 billion dlrs in week ended March
+4, Bank of Canada said.
+    M-1-A, which is M-1 plus daily interest chequable and
+non-personal deposits, rose 778 mln dlrs to 75.95 billion dlrs
+and M-2, which is M-1-A plus other notice and personal
+fixed-term deposit rose 1.09 billion dlrs to 177.95 billion
+dlrs.
+    M-3, which is non-personal fixed term deposits and foreign
+currency deposits of residents booked at chartered banks in
+Canada, rose 1.13 billion dlrs to 217.28 billion dlrs.         
+    Chartered bank general loans outstanding rose 500 mln dlrs
+to 125.54 billion dlrs.
+    Canadian liquid plus short term assets fell 244 mln dlrs to
+35.12 billion dlrs and total Canadian dollar major assets of
+the chartered banks rose 257 mln dlrs to 221.53 billion dlrs.
+    Chartered bank net foreign currency assets rose 782 mln
+dlrs to minus 876 mln dlrs.            
+    Notes in circulation totalled 16.28 billion dlrs, up 45 mln
+dlrs from the week before.
+    Government cash balances rose 1.37 billion dlrs to 5.68
+billion dlrs in week ended March 11.
+    Government securities outstanding fell three mln dlrs to
+224.08 billion dlrs in week ended March 11, treasury bills rose
+600 mln dlrs to 75.15 billion dlrs and Canada Savings Bonds
+fell 294 mln dlrs to 44.05 billion dlrs.           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9852" NEWID="4939">
+<DATE>13-MAR-1987 13:43:47.46</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0952&#31;reute
+u f BC-/USSR-HEAVY-BUYERS-OF   03-13 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR HEAVY BUYERS OF YUGOSLAV CORN-U.S. REPORT</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The Soviet Union has been a heavy
+buyer of Yugoslav corn since October, purchasing close to 1.5
+mln tonnes in the 1986/87 marketing year, according to a report
+from the U.S. agriculture counselor in Belgrade.
+    Approximately 1.5 mln tonnes of Yugoslav corn have already
+been committed to foreign buyers for 1986/87, with most of this
+sold to the Soviet Union, the Yugoslav Grain Association
+reported to the U.S. official.
+    In a report dated March 10, the official said that about
+800,000 tonnes of the corn has been delivered, with the balance
+of 700,000 tonnes to be shipped between now and June.
+    An additional 500,000 tonnes of corn can be shipped from
+July-September, the grain associaiton said, so total Yugoslav
+corn exports could reach 2.0 mln tonnes, the counselor said.
+    Heavier than normal monthly shipping rates for Yugoslav
+corn exports are due to the increased use of river barges for
+exporting corn to the Soviet Union, the counselor said.
+    Monthly corn shipments out of Yugoslavia have averaged
+around 160,000 tonnes since October 1, higher than earlier
+estimates of 150,000, the official said.
+    The Soviet Union has taken an increased share of Yugoslav
+corn sales during this marketing year, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9853" NEWID="4940">
+<DATE>13-MAR-1987 13:44:16.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0955&#31;reute
+u f BC-REAGAN-VOWS-TO-BLOCK   03-13 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN VOWS TO BLOCK TAX HIKE IN HIS PRESIDENCY</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>President Reagan told a group of
+supporters his pledge to veto a tax hike is solid, adding,
+"There will be no tax rate increase in the 100th Congress."
+    While he did not mention House Speaker Jim Wright by name,
+Reagan said that some members of Congress were urging that
+taxes be raised.
+    "I'm sorry but that's just not going to happen," said Reagan.
+"We're not going to break faith with the American people."
+    "I promise you, tax reform will go ahead as scheduled," the
+president added. "All these tax hike schemes have as much chance
+of flying as a dead duck," he said.
+    Reagan combined his strongly-stated opposition to a tax
+hike with a warning to Congress to meet the deficit reduction
+targets set by the Gramm-Rudman-Hollings budget control law.
+    Failure to do so, he said, would jeopardize a continuation
+of the current favorable economic climate.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9854" NEWID="4941">
+<DATE>13-MAR-1987 13:45:14.12</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>usa</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0958&#31;reute
+u f BC-U.S.-MAKES-CONCILIATO   03-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MAKES CONCILIATORY MOVE AT RUBBER PACT TALKS</TITLE>
+<DATELINE>    GENEVA, March 13 - </DATELINE><BODY>The U.S. Has dropped its insistence that
+the floor price in a new International Natural Rubber
+Agreement, INRA, be revised downward under certain
+circumstances, conference sources said.
+    The surprise conciliatory move by the U.S. Meets one of the
+producers' main concerns -- that the floor price, or "lower
+indicative price," remain unchanged, they said.
+    It is not clear, however, whether all consuming countries
+will follow suit, as a number of them, in particular Britain,
+West Germany and Belgium, appeared to have strong reservations,
+the sources added.
+    The group of consumers has been seeking an adjustment of
+the "lower indicative price" (set at 150 Malaysian/Singapore
+cents a kilo in the present pact) if the buffer stock,
+currently 360,000 tonnes, rises to 450,000 tonnes.
+    The sources said the question of to what extent price
+adjustments should be automatic remains a problem.
+    Conference chairman Manaspas Xuto of Thailand has been
+holding consultations with producers and consumers throughout
+the day.
+    The consumers' group is now holding a separate meeting
+ahead of further consultations within the "president's group"
+tonight.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9855" NEWID="4942">
+<DATE>13-MAR-1987 13:46:38.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0965&#31;reute
+d f BC-PEGASUS-GOLD-REDUCES   03-13 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEGASUS GOLD REDUCES DEBT, STARTS MINE</TITLE>
+<DATELINE>    SPOKANE, Wash., March 13 - </DATELINE><BODY>Pegasus Gold Inc said it
+cut its long term debt to 85 mln dlrs from 100 mln dlrs when
+its European bondholders voluntarily converted some of their
+debt holdings into 1.5 mln shares of Pegasus common.
+    The company said the debt converted represents about 40 pct
+of the total 60 mln Swiss franc convertible debentures it
+completed last Fall.
+    Pegasus said it began mining and processing operations at
+its Zortman/Landusky Mine one month ahead of schedule.
+    It completed the first phase of its 1987 Super Pad ahead of
+schedule as well, allowing the mining company to load up to 7.5
+mln tons of new ore on the pad. Pegasus estimated 1987
+production at the Zortman/Landusky mine will be about 80,000
+ounces of gold and 225,000 ounces of silver.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9856" NEWID="4943">
+<DATE>13-MAR-1987 13:49:23.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0982&#31;reute
+r f BC-CAESARS-WORLD-&lt;CAW>-R   03-13 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAESARS WORLD &lt;CAW> RESTRUCTURING SEEN</TITLE>
+<AUTHOR>    By Greg Calhoun, Reuters</AUTHOR>
+<DATELINE>    LOS ANGELES, March 13 - </DATELINE><BODY>Caesars World Inc is likely to seek
+out a friendly suitor or restructure operations to fight off
+the unsolicited takeover offer by investor Martin Sosnoff,
+securities analysts said.
+    "They could be talking to a "white knight" right now," said
+Janney Scott Montgomery Inc analyst Marvin Roffman, adding.
+"That would be my best guess."
+    Analysts also said other options for Caesars could include
+a restructuring or a buyback of Sosnoff's 13.6 pct holdings.
+    Earlier today, Caesars World announced that its board
+unanimously rejected a 28 dlr per share, or 725.2 mln dlr,
+takeover offer from MTS Acquisition Corp, a company formed by
+Sosnoff.
+    The company also said it will explore a variety of
+alternative transactions but did not elaborate.
+    In announcing the rejection, Caesars said the offer was
+inadequate given the company's financial condition, future
+prospects and current market conditions.
+    A Caesars spokesman said the company expects to file a
+14D-9 with the Securities and Exchange Commission later today
+with more information on its analysis of the Sosnoff offer.
+    Analysts are generally bullish on the outlook for Caesars
+World and some have placed the value of Caesars stock at from
+32 to 35 dlrs per share.
+    They have also asserted that Sosnoff is not likely to
+succeed with the unsolicited bid unless he raises his offering
+price to a higher level.
+    Caesars World's stock is up 1-1/8 today at 29-1/8.
+    Janney Montgomery's Roffman believes potential suitors for
+the hotel/casino company could be Golden Nugget Inc &lt;GNG>, or
+Tracinda Corp, a company controlled by investor Kirk Kirkorian.
+    Golden Nugget has a good deal of cash on hand as the result
+of the sale of its Atlantic City, N.J., casino to Bally
+Manufacturing Corp &lt;BLY>, Roffman said.
+    Earlier this month Golden Nugget completed its sale of the
+Atlantic City property for 440 mln dlrs.
+    Roffman also believes Kerkorian is interested in getting
+involved in the gaming business.
+    Mark Manson, an analyst at Donaldson Lufkin Jenrette, said
+options available to Ceasars also include a restructuring in
+the form of a selloff of individual properties, a stock buyback
+or forming a master limited partnership.
+    "Very few of these options would weaken the value of the
+company," Manson said, but he declined to speculate on which
+approach Caesars might take.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9857" NEWID="4944">
+<DATE>13-MAR-1987 13:52:07.17</DATE>
+<TOPICS><D>interest</D><D>gnp</D><D>ipi</D><D>wpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0996&#31;reute
+u f BC-/FED-SEEN-CONTENT-WIT   03-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED SEEN CONTENT WITH U.S. FEBRUARY ECONOMY</TITLE>
+<AUTHOR>    By Kathleen Hays, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>U.S. February reports reflecting slim
+gains in industrial output and moderating inflation pressures
+reinforced expectations that the Federal Reserve will continue
+to follow a stable course of monetary policy, economists said.
+    "If you're the Fed, there's no reason to do anything," said
+Steve Slifer of Lehman Government Securities Inc.
+    "There are hints that GNP is picking up. On the inflation
+front, all is well," he said. "Money supply is well under
+control. It's an absolutely ideal situation."
+    February U.S. industrial production rose 0.5 pct, slightly
+less than the 0.7 pct gain the financial markets had expected.
+This compared with a slim 0.1 pct rise in January's production
+number, previously reported as a 0.4 pct increase.
+    The February U.S. producer price index gained only 0.1 pct,
+less than a 0.3-0.4 pct expected rise. This followed a 0.6 pct
+rise in the PPI in January.
+    "The Fed is going to look at this positively," said Allan
+Leslie of Discount Corporation. "Certainly inflation is not as
+bad as what Volcker (Fed Chairman) has said lately. Industrial
+production growth is along the lines of what the Fed wants."
+    The energy products component of PPI rose 4.0 pct in
+February, after a 9.8 pct increase in January.
+    "This shows that the impact of energy prices on inflation
+is behind us in terms of the move from 15 dlrs to 18 dlrs per
+barrel," said Maria Ramirez of Drexel Burnham Lambert Inc. "The
+trend is still 3.5 pct in the first half of the year."
+    In 1986, declining energy prices contributed to a 2.5 pct
+decline in the PPI.
+    Economists said that a rise in energy prices was expected,
+but a sharp drop in auto prices was not. Passenger car prices
+fell 3.4 pct and light truck prices dropped 1.3 pct.
+    Yesterday, Federal Reserve Chairman Paul Volcker said that
+a possibility of renewed inflation remains a concern in both
+the financial markets and the Federal Reserve.
+    "The Fed may be lowering its own inflation expectations
+today," said Robert Brusca of Nikko Securities International.
+    While low inflation permits the Fed to maintain an easier
+monetary policy, Brusca said if import prices do not rise this
+could necessitate a weaker dollar.
+    "The outlook for the dollar is still up in the air," he
+said. "We need inflation for U.S. producers to compete with
+foreign producers."
+    Brusca said prices of electronic equipment dropped 0.8 pct
+in February's PPI. With many electronic goods produced
+overseas, this may show that foreign producers are not raising
+prices which bodes ill for U.S. competitiveness, he said.
+    If further dollar declines are needed, this could diminish
+overseas investment in U.S. debt, Brusca added, which might
+necessitate higher interest rates and lower bond prices.
+    By contrast, Slifer said imported goods prices rose 11.8
+pct from first quarter 1985 to first quarter 1986 reflecting to
+a large degree a 22 pct drop in the trade-weighted real value
+of the dollar from February 1985 to February 1987.
+    Slifer said import prices may rise further as
+manufacturers' contracts put in place before the dollar dropped
+to current levels expire, and new contracts are made that
+reflect a weaker dollar.
+    David Wyss of Data Resources Inc noted that imported
+manufactured goods prices rose 8.5 pct at an annual rate in the
+second half of 1986, which has contributed to rising U.S.
+industrial output.
+    "It's the other side of the lower dollar," Wyss said.
+"Producers are beginning to find themselves more competitive
+and they are increasing output."
+    Wyss said that the latest data point to an average
+industrial production gain of 0.3-0.4 pct in the first quarter.
+"It's an encouraging sign that the manufacturing sector is
+beginning to revive."
+    But Stephen Roach of Morgan Stanley and Co Inc was not 
+convinced that the February reports portend economic gains. He
+said much of the strength came from factors that do not point
+to a sustained rise in industrial output.
+    Roach pointed out that stikers returning to work in farm
+equipment industries helped account for a one pct rise in
+February business equipment production.
+    Utilities output rose 0.7 pct in February after gaining 1.2
+pct in January, but Roach said it shows mostly that more energy
+was produced, not that manufacturing activity gained.
+    Finally, he pointed out that auto production accounted for
+half of the industrial production gain as production of auto
+assemblies rose to 8.3 million units at an annual rate from 7.5
+million units.
+    "In the first quarter, it looks like automakers are
+producing at an 8.5 mln unit annual rate, but selling at
+roughly a seven mln unit rate," Roach said. "The disparity
+between output and sales is showing up in inventories."
+    Economists pointed to sharp rise in January U.S. business
+inventories as a sign that production may be outstripping
+demand in the first quarter of 1987.
+    January business inventories rose 0.9 pct, the largest gain
+since July 1979 when inventories rose 1.7 pct, the Commerce
+Department said. Business sales dropped 4.5 pct in January, the
+largest monthly sales drop on record.
+    Nonetheless, economists do not expect the Fed to react to
+month-to-month changes. "The Fed has been standing pat for the
+last seven months," Ramirez said. "They will continue to stand
+pat for at least the next couple of months."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9858" NEWID="4945">
+<DATE>13-MAR-1987 13:54:00.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0005&#31;reute
+r f BC-PHILADELPHIA-ELECTRIC   03-13 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA ELECTRIC &lt;PE> REDEEMING PREFERRED</TITLE>
+<DATELINE>    PHILADELPHIA, March 13 - </DATELINE><BODY>Philadelphia Electric Co said on
+May One it will redeem its 17.125 pct preferred stock at 111.50
+dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9859" NEWID="4946">
+<DATE>13-MAR-1987 13:55:44.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0009&#31;reute
+d f BC-U.S.-FARM-LOAN-SECOND   03-13 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM LOAN SECONDARY MARKET GAINS SUPPORT</TITLE>
+<AUTHOR>    By Greg McCune, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>A secondary market for resale of
+farm real estate loans similar to markets on home mortgages is
+gaining support in Congress and among rural lenders and could
+be set up this year, Congressional and financial sources said.
+    Several bills which would establish a farm secondary market
+have been introduced in both the House and Senate. Furthermore,
+Representatives of the Farm Credit System, commercial bankers
+and life insurance companies are meeting in an attempt to agree
+on a method of establishing the market.
+    Frank Naylor, chairman of the Farm Credit Administration,
+FCA, which regulates the farm credit system, yesterday said a
+farm loan secondary market would be positive for agriculture
+"as long as the farm credit system is a key player."
+    Naylor told a House Agriculture subcommittee hearing the
+secondary market could be established either with Congressional
+legislation or administratively.
+    Any farm loan secondary market would be modeled after the
+successful resale markets in home mortgages, the Government
+National Mortgage Association, GNMA, and the Federal Home Loan
+Mortgage Corporation (Freddie Mac), industry sources said.
+    Commercial banks and life insurance companies are the main
+supporters of a farm loan secondary market since they believe
+it would allow private lenders to compete more effectively in
+rural lending with the quasi-government farm credit system,
+traditionally the largest lender to farmers.
+    A farm secondary market would allow lenders to sell
+high-quality loans on farmland to "poolers," who in turn would
+package the loans and issue farm mortgage-backed securities for
+resale to investors -- called Aggie-mae by some proponents.
+    The FCA and financially-troubled farm credit system have in
+the past been ambivalent about the idea, mainly because any
+farm secondary market established in the private sector which
+excluded the farm credit system would put the system at a
+competitive disadvantage and could be another financial blow to
+the system, which has lost 4.6 billion dlrs in two years,
+Naylor and farm credit system officials have said.
+    However, the system and FCA have become more positive to
+the idea recently because the system could benefit if it were
+appointed the agent for a secondary market.
+    "If the farm credit system were the guarantor of the pools
+of farm mortgage loans, it would benefit from the fees charged
+for providing this service," the Life Insurers' study said.
+    Congressional sources believe a secondary market available
+to both private lenders and the farm credit system, with the
+system as agent, could be included in a major federal
+government rescue package for the system to be drafted by
+Congress later this year.
+    A study commissioned by one of the main supporters of the
+secondary market idea, the American Council of Life Insurers,
+concludes that the farm credit system's market share in rural
+lending would fall if a secondary market were established.
+    The study was released earlier today.
+    The study said a secondary market could be established with
+virtually no federal money if the government provided a
+guarantee of 90 pct of the farm loans but a private
+co-insurance plan guaranteed the first 10 pct of any losses.
+    It estimated between 500 mln and two billion dlrs of the
+eight billion in new farm real estate loans issued each year
+would qualify for the secondary market in the first few years,
+expanding significantly later as investors accept the idea.
+    The study also said interest rates charged to farmers who
+meet the underwriting standards of a secondary market would
+fall 50 to 100 basis points due to the new resale market.
+    The possible interest rate declines are a major reason why
+leading U.S. farm organizations such as the American Farm
+Bureau Federation have recently endorsed the idea.
+    Proponents say a secondary market also would increase
+liquidity in farm lending, and spread the risk of such loans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9860" NEWID="4947">
+<DATE>13-MAR-1987 13:57:10.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0015&#31;reute
+u f AM-debt-ecuador   03-13 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR UNABLE TO SERVICE DEBT - CENTRAL BANK</TITLE>
+<DATELINE>    Quito, march 13 - </DATELINE><BODY>ecuador cannot service its debt owed to
+private foreign banks due to the earthquake that forced a
+suspension of crude oil exports, central bank officials said.
+    "we hope to obtain a tacit, explicit acceptance from foreign
+banks ... that we are not able to service the debt," central
+bank president carlos julio emanuel said.
+    "the reality is that our debt service capacity has been
+totally affected by the recent cataclysm," he added in a news
+conference last night.
+    A central bank spokesman said emanuel was referring to
+payments owed private foreign banks, already suspended since
+january. These banks hold two-thirds of the country's 8.16
+billion dollar foreign debt.
+    Emanuel was not refering to debts to foreign governments
+and multilateral organisations, the spokesman said.
+    The march 5 earthquake damaged an oil pipeline, preventing
+crude exports for a projected five months. Oil generates about
+two-thirds of ecuador's total exports and as much as 60 per
+cent of the government's revenues.
+    Emanuel did not specify how long ecuador would be unable
+service private foreign banks. But finance minister domingo
+cordovez said two days ago the government is seeking to
+postpone all payments due to private foreign banks in 1987
+until next year through negotiations with creditors.
+    Emanuel said ecuador was seeking soft loans from
+multilateral organisations for reconstruction work. It also
+wanted a "reprogramming" of already-approved loans, an apparent
+reference to the disbursement schedule of thee credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9861" NEWID="4948">
+<DATE>13-MAR-1987 14:00:27.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0022&#31;reute
+d f BC-FORMER-SANTA-FE-EXEC   03-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER SANTA FE EXEC ADMITS INSIDER TRADING</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Darius N. Keaton, former member of the
+board of &lt;Santa Fe International Corp>, pleaded guilty to an
+insider trading scheme that netted him 274,800 dlrs in profit.
+    In Manhattan Federal Court, Keaton pleaded guilty to
+trading on non-public information involving his purchase of
+10,000 shares of the company's stock in September 1981 shortly
+before the company was acquired by Kuwait Petroleum Co in 1982
+for two billion dlrs.
+    Keaton, 62, of Monterey, Calif., admitted he failed to
+report the purchase to the Securities and Exchange Commission,
+and admitted commiting wire fraud stemming from his
+transaction.
+    He faces up to 10 years in prison on both counts, and a
+fine of 11,000 dlrs when he is sentenced by Judge Whitman Knapp
+on June 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9862" NEWID="4949">
+<DATE>13-MAR-1987 14:00:55.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0024&#31;reute
+f f BC-******S/P-DOWNGRADES   03-13 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P DOWNGRADES FOUR TEXAS BANKS, AFFECTS COMBINED 800 MLN DLRS DEBT, PREFERRED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9863" NEWID="4950">
+<DATE>13-MAR-1987 14:01:59.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0028&#31;reute
+b f BC-******K-MART-SEES-198   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>K MART SEES 1987 SALES OF 26 BILLION DLRS, UP FROM 23.8 BILLION IN 1986
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9864" NEWID="4951">
+<DATE>13-MAR-1987 14:03:09.93</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0035&#31;reute
+r f BC-MOBIL-&lt;MOB>-CAPITAL-E   03-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> CAPITAL EXPENDITURES LOWER IN 1987</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Mobil Corp chairman Allen E. Murray
+said in the annual report issued today that the company's total
+1987 capital expenditures would be lower than the three
+billion dlrs spent in 1986.
+    "Overall capital and exploration expenditures will fall
+slightly below the level for 1986 although we'll be ready to
+increase spending whenever the outlook becomes more promising,"
+Murray said.
+    Mobil data in the annual report shows capital expenditures
+have been cut every year since 1984's 3.6 billion dlrs to 3.5
+billion dlrs in 1985.
+    Murray told shareholders that despite the cuts "the company
+has promising acreage to explore as well as major oil and gas
+reserves to develop in the U.S., Canada, Europe, Africa and
+Indonesia.
+    Over the past two weeks Mobil has announced restructuring
+of its domestic exploration and development organization and
+this week a restructuring of its oil services units, which
+support the new affiliate.
+    "Mobil's chairman has explained this change by saying we
+need a leaner organization to get more efficient usage from our
+assets," said John Lord, a Mobil Corp spokesman.
+    Murray said in announcing the first reorganization, which
+will combine its current three exploration and producing
+affiliates into one organization, Mobil Exploration and
+Production U.S. Inc, that it is more effective than the present
+organization and will improve the company's upstream
+competitive position.
+    Yesterday the company said that it will restructure its
+Mobil Exploration and Producing Services Inc, MEPSI, to enhance
+the development and transfer of technology supporting critical
+areas of exploration, drilling, resevoir management and
+computer systems.
+    Earnings from Mobil's upstream operations in 1986 were 827
+mln dlrs, down 54 pct from the previous year's 1.8 billion dlrs
+in earnings.
+    Mobil's strategy in the exploration and production sector
+will be to give most attention to exploration possibilities
+with the greatest long term potential, the company said.
+    In its annual report, Mobil said that this will include
+greater emphasis on "frontier plays that, although riskier, fit
+our strengths of technology and size...This probably also means
+a shift toward emphasis in the foreign area since selective
+overseas exploration offers greater potential."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9865" NEWID="4952">
+<DATE>13-MAR-1987 14:04:31.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0042&#31;reute
+u f BC-INTERCONNECT-PREFERS   03-13 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERCONNECT PREFERS FRIENDLY GATES &lt;GLJ> OFFER</TITLE>
+<DATELINE>    STAMFORD, Conn., March 13 - </DATELINE><BODY>&lt;Interconnect Capital> said it
+seeks to acquire Gates Learjet Corp on friendly terms.
+    Late yesterday the company said it has offered 7.07 dlrs
+per share for all Gates Learjet shares.
+    Interconnect Capital said it intends to purchase the &lt;Gates
+Corp> loan to Gates Learjet for 13 mln dlrs should its bid be
+successful.
+    Interconnect Capital is controlled by &lt;Interconnect Inc>.
+    Gates Corp owns 64.8 pct of Gates Learjet.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9866" NEWID="4953">
+<DATE>13-MAR-1987 14:05:26.20</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0048&#31;reute
+u f AM-BRAZIL-STRIKES   03-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN TROOPS TO LEAVE OIL REFINERIES</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SAO PAULO, MARCH 13 - </DATELINE><BODY>Brazil's labour troubles eased a
+little today as the authorities announced they were withdrawing
+troops from the country's main oil installations occupied three
+days ago.
+    The troops went in at the request of the state-oil company
+Petrobras because of the threat of a strike by 55,000 oil
+industry employees.
+    Petrobras said in a statement today it had requested the
+withdrawal of the troops. The situation in the refineries was
+calm, it said, and the employees had indicated their
+willingness to negotiate a pay deal.
+    A national seamen's strike, however, continued and marines
+remained in the country's main ports. The marines were
+despatched to the ports after the seamen's strike, now two
+weeks old, was ruled illegal last Friday.
+    A spokesman at the national strike headquarters in Rio de
+Janeiro said today a total of l63 ships were strike-bound, 135
+in Brazil and 28 in foreign ports.
+    Yesterday two small companies specialised in the transport
+of chemicals, Global and Flumar, struck a pay accord with their
+seamen who have secured a 120 pct increase.
+    Brazilian newspapers today hailed these agreements as a
+sign that the national strike could soon come to an end.
+    Both companies employ fewer than 200 seamen and union
+leaders said the vast majority of Brazil's 40,000 seamen were
+still on strike.
+    The threat of a stoppage by oil industry employees appeared
+today to be receding. Petrobras said in its statement that the
+company would meet union leaders for pay talks in Rio de
+Janeiro next Wednesday.
+    Labour Minister Almir Pazzionotto would act as a mediator.
+    Besides industrial troubles, there has also been
+considerable unrest this week in the agricultural sector.
+    On Tuesday hundreds of thousands of farmers held rallies
+throughout the country to protest against high interest rates.
+    Television reports showed some of these protests still
+continuing today, with farmers blockading banks with their
+vehicles in several towns in the states of Sao Paulo and
+Parana.
+    The strikes in Brazil come as the government is trying to
+extricate itself from a serious debt crisis brought on by a
+deterioration in its trade balance.
+    On February 20 President Jose Sarney announced that Brazil
+was suspending interest payments on 68 billion dlrs of debt to
+private banks.
+    Because of the seamen strike exports are being delayed and
+the country is losing badly needed foreign exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9867" NEWID="4954">
+<DATE>13-MAR-1987 14:06:30.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0054&#31;reute
+h f BC-INFINITE-GRAPHICS-INC   03-13 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INFINITE GRAPHICS INC &lt;INFG> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN.,March 13 -
+    </DATELINE><BODY>Shr profit two cts vs loss 11 cts
+    Net profit 31,734 vs loss 190,677
+    Sales 1,325,978 vs 1,029,921
+    Nine Mths
+    Shr profit eight cts vs loss 53 cts
+    Net profit 142,200 vs loss 939,435
+    Sales 4,066,777 vs 2,793,479
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9868" NEWID="4955">
+<DATE>13-MAR-1987 14:06:36.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0055&#31;reute
+w f BC-MINDSCAPE-BUYS-HARCOU   03-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINDSCAPE BUYS HARCOURT BRACE &lt;HBJ> UNIT</TITLE>
+<DATELINE>    NORTHBROOK, ILL., March 13 - </DATELINE><BODY>(Mindscsape Inc) said it
+agreed to buy the educational software unit of Holt, Rinehart
+and Winston Inc, a subsidiary of Harcourt Brace Jovanovich Inc,
+for undisclosed terms.
+    Sales of the division, which had been purchased by Holt,
+Rinehart from CBS, peaked at about 10 mln dlrs in 1985,
+Mindscape said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9869" NEWID="4956">
+<DATE>13-MAR-1987 14:06:40.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0056&#31;reute
+s f BC-HEALTH-MOR-INC-&lt;HMI>   03-13 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH-MOR INC &lt;HMI> SETS DIVIDEND</TITLE>
+<DATELINE>    LOMBARD, Ill., March 13 - 
+    </DATELINE><BODY>Qtly dividend 17 cts vs 17 cts
+    Pay April 10
+    Record March 26
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9870" NEWID="4957">
+<DATE>13-MAR-1987 14:08:36.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0061&#31;reute
+u f BC-U.S.-VIDEO-&lt;VVCO>-SAY   03-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. VIDEO &lt;VVCO> SAYS NOTE IS CALLED BY LENDER</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>United States Video Vending Corp said
+&lt;Hill International Inc> called a 260,000 dlr promissory note
+that is collateralized by the assets of United States Video.
+    The company, which has two days to repay the note, said 
+there is no assurance it will be able to find the funds needed
+to meet the payment.
+    Hill International said in January that it holds 5.9 pct of
+United States Video's outstanding stock, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9871" NEWID="4958">
+<DATE>13-MAR-1987 14:09:37.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0062&#31;reute
+d f BC-ALC-&lt;ALCC>-OPPOSES-JU   03-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALC &lt;ALCC> OPPOSES JUSTICE DEPARTMENT PROPOSALS</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>ALC Communications Corp said it
+urged the U.S. District Court in Washington not to allow the
+regional Bell companies to offer long distance telephone
+services.
+    ALC, parent of Allnet Communications Services, a long
+distance carrier, said it made the request in comments filed
+with the court on a Department of Justice proposal to free the
+regional Bell companies from various business restrictions.
+Under terms of the divestiture of American Telephone and
+Telegraph Co &lt;T>, the Bell companies are prohibited from
+providing long distance services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9872" NEWID="4959">
+<DATE>13-MAR-1987 14:10:12.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0063&#31;reute
+f f BC-******CAESARS-WORLD-S   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CAESARS WORLD SAYS IT CONSIDERS RESTRUCTURING AND SALE TO OTHER COMPANY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9873" NEWID="4960">
+<DATE>13-MAR-1987 14:14:15.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0067&#31;reute
+f f BC-******FAIRCHILD-INDUS   03-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FAIRCHILD INDUSTRIES INC 4TH QTR OPER SHR LOSS 44 CTS VS LOSS EIGHT CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9874" NEWID="4961">
+<DATE>13-MAR-1987 14:14:32.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0068&#31;reute
+b f BC-******FAIRCHILD-INDUS   03-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FAIRCHILD INDUSTRIES TERMINATES T46A TRAINER PROGRAM, CLOSES PLANT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9875" NEWID="4962">
+<DATE>13-MAR-1987 14:16:03.32</DATE>
+<TOPICS><D>nat-gas</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0069&#31;reute
+r f BC-MOBIL-&lt;MOB>-ADDS-NATU   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> ADDS NATURAL GAS RESERVES IN 1986</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Mobil Corp increased net proven
+reserves of natural gas liquids in 1986 from the previous year
+according to data in its 1986 annual report.
+    The report states that total net proved reserves at year's
+end stood at 2.5 billion barrels, an increase of 94 mln barrels
+or four pct above the previous year and detailed data show that
+the gains resulted from an increase in net proved reserves of
+natural gas liquids.
+    Mobil said gains were in Indonesia where a sixth production
+facility began operation in October with a capacity to
+manufacture 1.7 mln tonnes of liquified natural gas.
+    The company also said that new capacity brought onstream
+last year replaced 120 pct of Mobil's production, which
+declined by about four pct in 1986 from the previous year.
+    Detailed data on reserves shows that U.S. net proved
+reserves of crude oil fell to 837 mln barrels from 853 mln
+barrels in 1985, natural gas liquid reserves were also lower in
+1986 from the previous year.
+    Net proved crude oil reserves also fell in Canada to 224
+mln barrels and in Europe to 403 mln barrels from the previous
+year's level of 231 mln barrels and 439 mln barrels,
+respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9876" NEWID="4963">
+<DATE>13-MAR-1987 14:16:25.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0070&#31;reute
+d f BC-ARCO-SELLS-TWO-AGRICU   03-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARCO SELLS TWO AGRICULTURAL RESEARCH OPERATIONS</TITLE>
+<DATELINE>    LOS ANGELES, March 13 - </DATELINE><BODY>Atlantic Richfield Co said it sold
+its Plan Cell Research Institute unit and its Arco Seed Co
+operations in two transactions for undisclosed prices.
+    The company said it sold Dublin, Calif.-based Plant Cell
+Research to Montedision SpA of Milan, Italy, and ARCO Seed Co
+to U.F. Genetics of Hollister, Calif.
+    Atlantic Richfield said the divestitures are in line with
+its policy of focusing resources on oil, gas, chemical and coal
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9877" NEWID="4964">
+<DATE>13-MAR-1987 14:16:32.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0071&#31;reute
+u f BC-CAESARS-WORLD   03-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAESARS WORLD &lt;CAW> SAYS IT MULLS RESTRUCTURING</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Caesars World Inc, in rejecting a 28
+dlr a share takeover bid by New York investor Martin Sosnoff,
+said it is considering alternatives that include a
+restructuring of the company and the sale to someone else.
+    In a filing with the Securities and Exchange Commission,
+Caesars World said its board decided at a special meeting
+yesterday to "explore and investigate" several alternatives in
+an effort to thwart Sosnoff's takeover attempt.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9878" NEWID="4965">
+<DATE>13-MAR-1987 14:21:26.80</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>ussr</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0080&#31;reute
+u f BC-LOW-SUGAR-PRICES-MAY   03-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOW SUGAR PRICES MAY ATTRACT SOVIET/CHINESE</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>Any further decline in raw sugar prices
+is likely to attract buying from the Soviet Union and China,
+Woodhouse, Drake and Carey said in their latest weekly market
+report.
+    Present lower terminal values may be a reflection of the
+lack of renewed prompt offtake, particularly from these two
+large consumers, the report said.
+    The week has seen good demand for Thai raws, particulary
+for October/December shipment, which has traded above twenty
+points premium to the October New York delivery, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9886" NEWID="4966">
+<DATE>13-MAR-1987 14:22:41.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0083&#31;reute
+u f BC-S/P-DOWNGRADES-FOUR-T   03-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P DOWNGRADES FOUR TEXAS BANKS</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded four Texas banks in a move that affects a combined
+800 mln dlrs of debt securities and preferred stock.
+    Cut were the debt ratings of Allied Bancshares Inc &lt;ALBN>,
+First Amarillo Bancorp Inc &lt;FAMA>, MCorp &lt;M> and Texas American
+Bancshares Inc &lt;TXA>.
+    S and P cited continuing asset quality problems.
+    While problem energy loans appear to be abating, real
+estate problems are mounting, S and P said. The rating agency
+also said it expects earnings to remain under pressure for the
+remainder of this year.
+    Standard and Poor's reduced Allied Bancshares' senior debt
+to BBB-minus from BBB and commercial paper to A-3 from A-2.
+Issues supported by a letter of credit from lead bank Allied
+Bank of Texas, and the bank's certificates of deposits, were
+reduced to BBB-minus and A-3 from BBB and A-2 respectively.
+    Allied has 50 mln dlrs of debt outstanding. S and P said
+its profitability remains severely depressed.
+    S and P cut First Amarillo's 15 mln dlrs of subordinated
+debt to CCC-minus from B-minus. The institution's implied
+senior debt rating is CCC-plus. S and P noted that First
+Amarillo has had three consecutive years of losses.
+    S and P downgraded MCorp's senior debt to BBB-minus from
+BBB-plus, subordinated debt to BB-plus from BBB, preferred to
+BB-minus from BB and commercial paper to A-3 from A-2.
+    That affected 600 mln dlrs of debt. S and P cited rising
+non-performing loans and high loan-loss provisions.
+    Also, the agency cut to BBB-minus and A-3 from BBB-plus and
+A-2, respectively, CDs and issues supported by letters of
+credit from the units MBank Dallas and MBank Houston.
+    S and P cut to BB from BBB-minus Texas American's 65 mln
+dlrs of senior debt. Lead bank Texas American Bank NV's CDs
+were lowered to BB-plus/B from BBB-minus/A-3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9879" NEWID="4967">
+<DATE>13-MAR-1987 14:23:30.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0086&#31;reute
+r f BC-K-MART-&lt;KM>-SEES-SALE   03-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART &lt;KM> SEES SALES INCREASING</TITLE>
+<DATELINE>    TROY, Mich., March 13 - </DATELINE><BODY>K Mart Corp will sell 26 billion
+dlrs worth of goods in 1987, up from 23.8 billion dlrs in sales
+in 1986, chairman Bernard M. Fauber predicted.
+    The K Mart official also said the company is committed to
+"retail automation," and will equip all K Mart stores with slot
+scanning point of sale register systems. Some 400 systems are
+already in place.
+    Fauber said each K Mart costs five mln dlrs, including
+land, building, fixtures, equipment and inventory. Each store
+serves an average 90,000 customers, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9880" NEWID="4968">
+<DATE>13-MAR-1987 14:23:44.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0088&#31;reute
+d f BC-PROPOSED-OFFERINGS   03-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Essex Chemical Corp &lt;ESX> - Offering of 60 mln dlrs of
+convertible subordinated debentures due 2012 through Thomsom
+McKinnon Securities Inc and PaineWebber Inc.
+    International Game Technology &lt;IGAM> - Offering of 35 mln
+dlrs of senior notes due 1995 and 25 mln dlrs of convertible
+senior subordinated deberntures due 2002 through Drexel Burnham
+Lambert Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9901" NEWID="4969">
+<DATE>13-MAR-1987 14:24:33.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0090&#31;reute
+u f BC-TALKING-POINT/BANK-ST   03-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/BANK STOCKS</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>CitiCorp &lt;CCI> appears to be digging
+in its heels for tough negotiations over the billions of
+dollars in loans that Brazil owes to money center banks, Wall
+Street analysts said.
+    "I view it as pre-negotiation posturing," said analyst
+Carole Berger of Cyrus J. Lawrence Inc, referring to both
+Brazil and Citicorp. Brazil recently stopped paying interest on
+its commercial bank debt. Today, CitiCorp said its first
+quarter income would be reduced by 50 mln dlrs after tax if it
+lists the loans as non-performing status.
+    Citicorp filed an 8-K form with the Securities and Exchange
+Commission, indicating a material change in its financial
+situation. "Citicorp is saying  you can't scare us with
+threats, we'll make your loans non-performing right now,"
+Berger said.
+    The loans have to be treated as non-performing after 90
+days without a payment. CitiCorp said only that the situation
+will be reviewed at the end of the current quarter.
+    Berger asserted that Brazil is doing its own politicking by
+talking to U.S. regulators and trying to drive a wedge between
+U.S. and European banks.
+    Analyst Lawrence Cohn of Merrill Lynch and Co said it is
+unlikely the situation will be resolved until the second half
+of this year.
+    "Ultimately the Brazilians are going to have to pay up on
+all the interest they owe," Cohn said. "The real issue is the
+rescheduling of debt terms.
+    Another question is whether or not the International
+Monetary Fund can help Brazil with a new austerity program.
+    Stocks of money center banks were mostly down fractions in
+late dealings. One trader most stocks in the group bounced off
+their lows by midday as investors took the news in stride.
+    Cohn said the bank stocks may be risky until numbers on
+non-performing loans are reported for each bank. But he said
+investors looking ahead six to 12 months might want to buy at
+present levels for the "tremendous fundamental values" in the
+group.
+    Analyst Robert Gordon of Shearson Lehman Brothers Inc said
+Manufacturers Hanover Corp &lt;MHC) has the greatest exposure to
+Brazilian loans of any New York bank, in terms of percentage of
+earnings. He said his only two recommendations currently among
+New York banks are J.P. Morgan and Co &lt;JPM> and Bankers Trust
+Co &lt;BT> which happen to have the least exposure.
+    Gordon said his positive opinion on J.P. Morgan and Bankers
+Trust was not merely a response to the fact that the two have
+lower exposure to Brazilian loans than other banks. 
+    In fact he said there's a chance those banks could get more
+involved in the future. He noted that Morgan has already set up
+a brokerage subsidiary to deal in loans to less developed
+countries.
+    "I don't see any reason to change full year earnings
+estimates, said Frederick Meinke, analyst at E.F. Hutton Co. He
+thinks the confrontation with Brazil could end in a replay of a
+situation that occurred with Argentina in 1984 and 1985.
+    Meinke noted that in the case of Argentina the loans became
+non-accruing for a couple of quarters but then when the banks
+came to an agreement with Argentina all the back interest was
+paid. "What it did was distort the quarterly earnings pattern,"
+he said.
+    He said in the case of Brazil write-offs of loans is a
+worst-case outcome which is highly unlikely. He noted that
+Brazil is a country with a diversified economy, going through
+some economic upheaval after the transition from a military to
+a civilian government.
+    "The countries of Latin America have too much debt relative
+to their ability to service it," said John Mason of
+Interstate Securities. "We've been fiddling around with these
+problems for five years and the hour is growing late."
+    He said up to now the banks have reduced their spreads, cut
+interest rates internally and extended maturities and none of
+these measures has been enough. He expects re-classification of
+as much as a third of the loans as non-accruing and he sees
+partial write downs of some loans.
+    Nevertheless Mason thinks the money center bank stocks 
+could be poised for a short term rally.
+    A spokesman at First Chicago Corp &lt;FNB> said it is
+premature to put Brazil's loans on a cash basis. "It is our
+expectation that economic development will allow Brazil to meet
+its debt," a spokesman said.
+    Bankers Trust in New York said it would be premature to
+make a decision. Several other banks queried by Reuters said
+much the same thing.
+    A spokesman at Manufacturers Hanover noted that of 2.3
+billion dlrs in loan exposure to Brazil only 1.3 billion is
+subject to Brazil's unilateral moratorium on repayment of
+interest.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9881" NEWID="4970">
+<DATE>13-MAR-1987 14:24:53.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0092&#31;reute
+u f BC-CHEMLAWN-&lt;CHEM>-SEEKS   03-13 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMLAWN &lt;CHEM> SEEKS BIDS BY MARCH 18</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 13 - </DATELINE><BODY>ChemLawn corp said it has asked
+potential purchasers of the company to submit their proposals
+by 1700 EST on March 18.
+    ChemLawn said if Waste Management Inc &lt;WMX> intends to
+participate in the bidding process, it will have to submit a
+confidentiality agreement to Chemlawn financial advisor Smith
+Barney, Harris Upham and Co Inc.
+    Waste Management has a 27 dlr per share tender offer for
+Chemlawn underway that Chemlawn has already rejected as
+inadequate.
+    Chemlawn has already said it is holding talks with various
+parties on the sale of the company and said it has informed all
+potential purchasers that they mnust sign confidentiality
+agreemnents to receive confidential information on Chemlawn.
+    ChemLawn said if Waste Management were to sign such an
+agreement, ChemLawn would supply it with the same information
+being supplied to other potential purchasers. But it said it
+will not make an exception for Waste Management which would
+give that company an advantage in the bidding process.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9882" NEWID="4971">
+<DATE>13-MAR-1987 14:26:01.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE><D>machinea</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0098&#31;reute
+r f BC-ARGENTINE-DEBT-TALKS   03-13 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE DEBT TALKS DIFFICULT-CENTRAL BANK HEAD</TITLE>
+<DATELINE>    BUENOS AIRES, March 13 - </DATELINE><BODY>Central Bank President Jose Luis
+Machinea said negotiations with creditor banks on Argentina's
+30 billion dlr private sector foreign debt were difficult.
+    "There is considerable divergence with the banks. We must
+try to get them to lower the spreads," Machinea told Reuters.
+    He said negotiations with the steering committee for the
+country's creditor banks in New York would not end next week.
+    Machinea leaves for New York tomorrow with Treasury
+Secretary Mario Brodersohn to complete Argentina's team at
+negotiations with the steering committee for a 2.15 biilion dlr
+loan to see the country through 1987.
+    Argentina is aiming at four pct growth in 1987 and has said
+this target is not negotiable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9883" NEWID="4972">
+<DATE>13-MAR-1987 14:27:45.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0102&#31;reute
+d f BC-GTS-CORP-&lt;GTSC>-4TH-Q   03-13 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTS CORP &lt;GTSC> 4TH QTR DEC 31 LOSS</TITLE>
+<DATELINE>    HOUSTON, March 13 -
+    </DATELINE><BODY>Shr loss 48 cts vs loss 10 cts
+    Net loss 1,234,000 vs loss 259,000
+    Revs 715,000 vs 1,941,000
+    Year
+    Shr loss 1.26 dlrs vs loss 34 cts
+    Net loss 3,229,000 vs loss 870,000
+    Revs 3,001,000 vs 9,767,000
+    NOTE: 1986 net both periods includes 672,300 dlr writedown
+of value of seismic laboratory and 165,000 dlr increase in
+reserve for doubtful accounts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9884" NEWID="4973">
+<DATE>13-MAR-1987 14:29:22.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0103&#31;reute
+u f BC-AMERICAN-MOTORS-&lt;AMO>   03-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MOTORS &lt;AMO> EARLY MARCH SALES OFF</TITLE>
+<DATELINE>    SOUTHFIELD, MICH., March 13 - </DATELINE><BODY>American Motors Corp said its
+U.S. sales for the March 1-10 period dropped 57 pct to 760 cars
+from 1,780 cars in the same period last year.
+    There were eight selling days in both years.
+    Domestic sales for the calendar year-to-date fell 61 pct to
+5,682 cars from 14,641 cars in the comparable period of 1986,
+American Motors, controlled by Renault of France, said.
+    Jeep sales in early March rose 18 pct to 4,500 vehicles
+from 3,800 vehicles at the same time last year, and for the
+year-to-date declined two pct to 35,523 from 36,050 vehicles in
+the comparable period, American Motors said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9885" NEWID="4974">
+<DATE>13-MAR-1987 14:30:03.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0104&#31;reute
+u f BC-FAIRCHILD-INDUSTRIES   03-13 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAIRCHILD INDUSTRIES INC &lt;FEN> 4TH QTR LOSS</TITLE>
+<DATELINE>    CHANTILLY, Va., March 13 -
+    </DATELINE><BODY>Oper shr loss 44 cts vs oper loss eight cts
+    Oper net loss 3,158,000 vs profit 2,035,000
+    Rev 166.0 mln vs 162.3 mln
+    Year
+    Oper shr loss 34 cts vs loss 93 cts
+    Oper net profit 7,599,000 vs loss 283,000
+    Rev 643.3 mln vs 576.3 mln
+    NOTE: Per share results after provision for pfd dividends.
+    Fourth qtr earnings exclude loss from discontinued
+operations of 67.6 mln dlrs, or 4.72 dlrs a share, and a loss
+of 25.8 mln dlrs, or 1.81 dlrs a share, from tax reverse,
+versus a gain from discontinued operations of 1.8 mln dlrs, or
+14 cts a share, in 1985's 4th qtr.
+     1986 oper earnings excludes loss from discontinued
+operations of 62.5 mln dlrs, or 4.41 dlrs a share, versus a
+loss of 166.8 mln dlrs, or 12.24 dlrs a share, in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9887" NEWID="4975">
+<DATE>13-MAR-1987 14:31:20.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0107&#31;reute
+r f BC-J.P.-MORGAN-&lt;JPM>-OFF   03-13 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.P. MORGAN &lt;JPM> OFFICIAL DIES</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>J.P. Morgan and Co said Peter F.
+Culver, 42, senior vice president of its Morgan Guaranty Trust
+Co subsidiary and general manager of the Euro-Clear Operations
+Centre in Brussels, has died of an apparent heart attack at a
+business meeting in Frankfurt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9888" NEWID="4976">
+<DATE>13-MAR-1987 14:31:30.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0108&#31;reute
+r f BC-SMARTNAMES-TO-BUY-AME   03-13 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMARTNAMES TO BUY AMERICAN INFORMATION NETWORK</TITLE>
+<DATELINE>    WALTHAM, Mass., March 13 - </DATELINE><BODY>SmartNames Inc said it reached
+an agreement in principle to buy American Information Network.
+    Terms of the agreement were not disclosed.
+    The company said the purchase of American will allow it to
+meet the needs of a broader range of direct mail industry
+customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9889" NEWID="4977">
+<DATE>13-MAR-1987 14:32:15.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0112&#31;reute
+b f BC-******ROCKWELL-INTERN   03-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROCKWELL INTERNATIONAL EXTENDS STOCK REPURCHASES BY ANOTHER 500 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9890" NEWID="4978">
+<DATE>13-MAR-1987 14:33:05.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0114&#31;reute
+h f BC-AUXTON-COMPUTER-&lt;AUXT   03-13 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUXTON COMPUTER &lt;AUXT> IN ARRANGEMENTS</TITLE>
+<DATELINE>    MAITLAND, Fla., March 13 - </DATELINE><BODY>Auxton Computer Enterprises Inc
+said it has entered into an agreement to provide cellular
+business office services to a major non-wireline cellular
+carrier in 12 major cellular markets throughout the U.S.
+    It said it has also reached agreement to determine the
+process needed to install its SOCRATES and LUCAS software
+packages for a national communications carrier outside the U.S.
+    In addition it said it has agreed to start evaluating the
+feasibility of installing its SOCRATES software to provide a
+major national satellite paging company with billing services
+to subscribers traveling beyond the signal capacities of their
+home systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9891" NEWID="4979">
+<DATE>13-MAR-1987 14:33:23.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0117&#31;reute
+r f BC-S/P-SEES-DRAMATIC-GRO   03-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P SEES DRAMATIC GROWTH FOR ASSET-BACKED DEBT</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Standard and Poor's Corp said it
+expects the asset-backed securities market to grow dramatically
+over the next few years, spurred by what it termed the
+compelling benefits of secured financing.
+    S and P projected the market would grow to 100 billion dlrs
+in the next five years. Investment bankers say the market
+currently stands at roughly 11.9 billion dlrs.
+    Assets used to secure the debt included auto loans, credit
+cars, computer leases and corporate loans, S and P noted. The
+most active issuers to date had two main motivations, lower
+costs of funding and increased financial flexibility.
+    Standard and Poor's pointed out that General Motors Corp
+&lt;GM>, Chrysler Corp &lt;C> and Nissan Motor Co Ltd &lt;NSAN> realized
+funding advantages by issuing car loan backed debt. But more
+important, these issuers were able to increase loan volume, and
+hence car sales, without substantially increasing financial
+leverage, the rating agency said.
+    S and P noted that Bank of America, a unit of BankAmerica
+Corp &lt;BAC>, and RepublicBank Corp's &lt;RPT> RepublicBank Delaware
+unit issued credit card backed debt and also realized lower
+funding costs while mitigating increased funding and liquidity
+risks resulting from weak financial performance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9892" NEWID="4980">
+<DATE>13-MAR-1987 14:34:08.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0120&#31;reute
+r f BC-H.K.-PORTER-&lt;PHK-PR>   03-13 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. PORTER &lt;PHK PR> TO REDEEM PREFERRED STOCK</TITLE>
+<DATELINE>    PITTSBURGH, March 13 - </DATELINE><BODY>H.K. Porter Inc Co said it will
+redeem its 5-1/2 pct cumulative sinking fund preference stock.
+    H.K. Porter said it will provide more details about the
+redemption later in the day.
+    The company's stock was halted in trading on the NYSE at
+97-1/4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9893" NEWID="4981">
+<DATE>13-MAR-1987 14:35:43.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0128&#31;reute
+r f BC-ARCO-&lt;ACR>-SELLS-TWO   03-13 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARCO &lt;ACR> SELLS TWO OPERATIONS</TITLE>
+<DATELINE>    LOS ANGELES, March 13 - </DATELINE><BODY>Atlantic Richfield Co said it sold
+its Plan Cell Research Institute unit and its Arco Seed Co
+operations in two transactions for undisclosed prices.
+    The company said it sold Dublin, Calif.-based Plant Cell
+Research to &lt;Montedision SpA> of Milan, Italy and ARCO Seed Co
+to U.F. Genetics of Hollister, Calif.
+    Atlantic Richfield said the divestitures are in line with
+its policy of focusing resources on oil, gas, chemical and coal
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9894" NEWID="4982">
+<DATE>13-MAR-1987 14:36:04.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0130&#31;reute
+d f BC-GTE-&lt;GTE>-COMMENTS-ON   03-13 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE &lt;GTE> COMMENTS ON JUSTICE DEP'T PROPOSALS</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>GTE Corp said it supports
+recommendations by the Department of Justice to allow the
+regional Bell companies to enter some new businesses but that
+it rejects the government's proposal to let the companies offer
+long distance services.
+    "As a vigorous competitor in many telecommunications
+businesses, GTE supports efforts by policy makers to preserve
+and promote fair opportunities for competition," GTE said in
+comments filed with the U.S. District Court, which oversees the
+regulation of the Bell companies.
+    But the Stamford, Conn.-based company added that entry by
+the regional Bell companies into the long distnce market "would
+set back the progress toward a truly competitive interexchange
+environment that has occurred."
+    GTE owns the largest independent telephone system in the
+country and manufacturers telecommunications equipment through
+joint ventures with &lt;Fujitsu> of Japan and &lt;Siemens AG> of West
+Germany.
+    GTE also holds a 50 pct stake in &lt;US Sprint Communications
+Co>, the third-largest long distance carrier in the country.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9895" NEWID="4983">
+<DATE>13-MAR-1987 14:37:29.39</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0136&#31;reute
+u f BC-ecuador-begins-buildi   03-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR BEGINS WORK ON OIL PIPELINE TO COLOMBIA</TITLE>
+<DATELINE>    QUITO, March 13 - </DATELINE><BODY>Construction workers today began building
+a 26 km (16 mile) pipeline to link Ecuador's jungle oilfields
+to a pipeline in Colombia through which Ecuadorean crude could
+be pumped to the Pacific Coast, Ecuadorean energy minsitry
+officials said.
+    They said it would take about two months and at least 15
+mln dlrs to build the pipeline from Lago Agrio in Ecuador to
+Puerto Colon, Colombia for connection to the Colombian
+pipeline, which goes to the port of Tumaco on Colombia's
+Pacific Ocean coast.
+    The Lago Agrio to Puerto Colon pipeline is designed to
+transport between 30,000 to 50,000 barrels of day (bpd) of
+Ecuadorean crude to the Colombian pipeline, they said.
+    The Colombian pipeline to Tumaco has ample room for
+Ecuadorean crude, they said. It is currently transporting about
+17,000 bpd out of its 100,000 bpd capacity, an Ecuadorean
+energy ministry official said.
+    The Ecuadorean crude reaching Tumaco will be shipped by
+boat to Ecuador for refining into oil products to meet domestic
+demand.
+    The completion of the pipeline would allow Ecuador to
+resume some of production, paralysed since March six by an 
+earthquake the night before.
+    The tremor ruptured the country's main pipeline from jungle
+oilfields to the Ecuadorean port of Balao, on the Pacific
+Ocean.
+    Ecuador was pumping about 260,000 bpd before the
+earthquake. It would take about five months to repair the
+pipeline to Balao, government officials said.
+    Ecuador estimates that it will cost between 145 to 150 mln
+dlrs to repair oil installations damaged by the earthquake,
+energy ministry Javier Espinosa said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9896" NEWID="4984">
+<DATE>13-MAR-1987 14:38:11.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0139&#31;reute
+u f BC-/USDA'S-EXPORT-BONUS   03-13 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA'S EXPORT BONUS SAID TO AFFECT TRADE TALKS</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The U.S. Agriculture Department's
+Export Enhancement Program, EEP, contributed to the recent
+agreement to include farm subsidies in the new round of global
+trade talks, according to the General Accounting Office.
+    GAO Senior Associate Director Allan Mendelowitz told a
+Senate Agriculture subcommittee that the EEP has increased the
+cost of the European Community's Common Agricultural Policy.
+    However, there is little reason to believe that once EEP
+expires, gains in U.S. farm exports attributable to the program
+will be sustained in targeted markets, he said.
+    Mendelowitz said broadening the EEP by making it
+across-the-board would eliminate charges of discrimination by
+traditional buyers and increase pressure on the EC, but
+antagonize non-subsidizing exporters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9897" NEWID="4985">
+<DATE>13-MAR-1987 14:40:37.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0146&#31;reute
+u f BC-DREXEL-BURNHAM-REPORT   03-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DREXEL BURNHAM REPORTS UNDERWRITING RESULTS</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>&lt;Drexel Burnham Lambert Inc> said
+during  the first nine weeks of 1987 ended March six it managed
+or co-managed 57 transactions representing 8.6 billion dlrs in
+the public and private corporate markets.
+    Overall, Drexel said it ranks fifth in the category for the
+period, with a market share of 10 pct, up from eight pct for
+the same period last year.
+    Drexel said its market share of lead managed industrial
+financing also increased to 23 pct from 14 pct during the nine
+week period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9898" NEWID="4986">
+<DATE>13-MAR-1987 14:42:04.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0150&#31;reute
+u f BC-CHRYSLER-&lt;C>-BOOSTS-P   03-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> BOOSTS PRICE ON FIFTH AVENUE CAR</TITLE>
+<DATELINE>    DETROIT, March 13 - </DATELINE><BODY>Chrysler Corp's Chrysler Motors unit
+said it increase the price of its Chrysler Fifth Avenue  luxury
+sedan by 300 dlrs to 15,966 dlrs.
+    The higher price applies to cars produced by Chrysler at
+the American Motors Corp's &lt;AMO> Kenosha, Wis., assembly plant,
+where Chrysler shares production with American Motors.
+Shipments of Chrysler cars from Kenosha began March nine.
+    Chrysler in the past year transferred production of the
+Fifth Avenue and two other car models to Kenosha from its St.
+Louis Number Two facility. A Chrysler spokesman said the price
+increase will cover the cost of moving the production line.
+    The spokesman said the higher price will apply only to the
+Fifth Avenue. Prices of the other two Chrysler models--the
+Plymouth Gran Fury and Dodge Diplomat--made at Kenosha will
+remain unchanged.
+    Chrysler moved production of the three large
+rear-wheel-drive cars to Kenosha in order to build stretch
+minivans at the St. Louis facility.
+    The spokesman said the first stretch minivan will roll off
+the line later this month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9899" NEWID="4987">
+<DATE>13-MAR-1987 14:45:02.69</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0154&#31;reute
+u f BC-DUTCH-TRADE-FULLY-IN   03-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH TRADE FULLY IN BALANCE BUT DOWN IN JANUARY</TITLE>
+<DATELINE>    THE HAGUE, March 13 - </DATELINE><BODY>The Netherlands recorded a flat trade
+balance in January, with both exports and imports totaling 14.2
+billion guilders, a modestly lower compared with December but
+sharply down from January last year, an Economics Ministry
+spokesman said, quoting official statistics.
+    January 1986 exports compared with a December figure of
+15.0 billion guilders and were 25 pct below last year's level
+of 18.9 billion.
+    January 1986 imports compared with 15.3 billion guilders in
+December and fell 18 pct from 17.4 billion in January last
+year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9900" NEWID="4988">
+<DATE>13-MAR-1987 14:45:30.08</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>ussr</D><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0155&#31;reute
+b f BC-/NUMEROUS-FACTORS-SAI   03-13 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUMEROUS FACTORS SAID POINT TO USSR CORN BUYING</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>A greater than anticipated need,
+competitive prices and political motivations could be sparking
+Soviet interest in U.S. corn, industry and government officials
+said.
+    As rumors circulated through grain markets today that the
+Soviet Union has purchased an additional 1.5 mln tonnes of U.S.
+corn, industry and government sources noted a number of factors
+that make Soviet buying of U.S. corn likely.
+    First, there are supply concerns. Some trade sources said
+recent speculation has been that last year's Soviet grain crop
+be revised to only 190 mln tonnes, rather than the 210 mln
+announced, therby increasing the Soviet need for grain.
+    A drop in Argentine corn crop prospects could also affect
+Soviet corn buying, an Agriculture Department source said.
+    Dry weather in Argentina -- a major corn supplier to the
+USSR -- and reported crop problems prompted USDA to lower its
+Argentine 1986/87 corn crop estimate this week to 11.0 mln
+tonnes, down from 11.5 mln. Argentina corn exports were also
+cut by 500,000 tonnes to 6.8 mln tonnes.
+    Argentina has already committed four mln tonnes of this
+year's corn for export, a USDA official said, with two mln
+tonnes of that booked for April-June delivery to the USSR.
+    "Significant downside potential" still exists for the
+Argentine crop, the official said, which will decrease the
+amount of additional corn that country can sell to Moscow.
+    "If the Soviet needs are greater than we have been
+thinking, then they might need more than what Argentina can
+provide during the April to June period," he said.
+    Current competitive prices for U.S. corn have also sparked
+Soviet buying.
+    U.S. corn was reported to be selling on the world market
+earlier this week for around 71 dlrs per tonne, Argentine corn
+for 67 dlrs -- a very competitive price spread, U.S. and Soviet
+sources said.
+    "This price difference makes American corn competitive,"
+Albert Melnikov, commercial counselor for the Soviet Union,
+told Reuters.
+    Impending crop problems in Argentina will likely cause
+those prices to rise, and with the recently strong U.S. corn
+futures prices, the Soviets might feel corn prices have
+bottomed and that this is a good time to buy, sources said.
+    Finally, some industry sources said that by buying the
+minimum amount of corn guaranteed under the U.S./USSR grains
+agreement (four mln tonnes), the Soviet Union may be hoping to
+convince the USDA to offer Moscow a subsidy on wheat.
+    In an inteview with Reuters this week, USDA secretary
+Richard Lyng said that no decision had been made on a wheat
+subsidy offer, but that such an offer had not been ruled out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9902" NEWID="4989">
+<DATE>13-MAR-1987 14:54:43.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0181&#31;reute
+u f BC-FAIRCHILD-INDUSTRIES   03-13 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAIRCHILD INDUSTRIES &lt;FEN> CLOSES PLANT</TITLE>
+<DATELINE>    FARMINGDALE, N.Y., March 13 - </DATELINE><BODY>Fairchild Industries Inc said
+it will close the Fairchild Republic plant at Farmingdale this
+year, and sell it next year, after agreeing with the U.S. Air
+Force to terminate the T-46A trainer aircraft program.
+    John Sanford, the Fairchild Republic unit's president and
+vice president of the corporation, said Reublic will fulfill
+its remaining current obligations, but will cease work on the
+T-46A immediately.
+    Fairchild said the unit has already delivered two protoype
+and one production T-46A.
+    Sanford said lack of additional Air Force funding for the
+trainer due to budget constraints prompted the termination
+agreement.
+    Sanford added that without the T-46A or business to replace
+the work, Fairchild was forced to close the plant.
+    Fairchild said it expects to retain about 200 engineers and
+technicians at a small operation to be set up in 1987 on Long
+Island to continue providing technical support for the Air
+Force's A-10 aircraft.
+    Fairchild added that its Fairchild Composites/Bonding
+Center, formerly a part of the Fairchild Republic operation,
+will become an independent operation.
+    Paul Wright, Fairchild president and chief operating
+officer, said, "With the settlement of the T-46A issue we have
+put behind us the last of two problem aircraft programs that
+caused the company heavy losses over the past two years."
+    Wright added that the company can now move forward with its
+restructuring to emphasize on growth areas in aerospace,
+communications, electronics and its commercial and industrial
+businesses.
+    Earlier, Fairchild reported losses from continuing
+operations in 1986's 4th qtr of 3.2 mln dlrs, or 44 cts a
+share.
+    This compares with a operating profit of two mln dlrs, or a
+loss of eight cts a share, after subtracting the provisions for
+preferred shares, in 1985's fourth quarter.
+    Fairchild reported 1986 operating net of 7.6 mln dlrs, or a
+loss of 34 cts a share, after provisions for preferred shares,
+versus a loss of 283,000 dlrs, or 93 cts a share, in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9903" NEWID="4990">
+<DATE>13-MAR-1987 14:55:12.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0182&#31;reute
+s f BC-DESOTO-INC-&lt;DSO>-REGU   03-13 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DESOTO INC &lt;DSO> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    DES PLAINES, ILL., March 13 -
+    </DATELINE><BODY>Qtly div 35 cts vs 35 cts previously
+    Pay April 17
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9904" NEWID="4991">
+<DATE>13-MAR-1987 14:55:19.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0183&#31;reute
+s f BC-METHODE-ELECTRONICS-I   03-13 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METHODE ELECTRONICS INC &lt;METHB> REGULAR PAYOUT</TITLE>
+<DATELINE>    CHICAGO, March 13 -
+    </DATELINE><BODY>Qtly div Class B 1-1/2 cts vs 1-1/2 cts prior
+    Class A two cts vs two cts prior
+    Pay April 30
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9905" NEWID="4992">
+<DATE>13-MAR-1987 14:56:51.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0186&#31;reute
+d f BC-TEXAS-UTILTIES-&lt;TXU>   03-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS UTILTIES &lt;TXU> UNIT SEEKS RATE REFUND</TITLE>
+<DATELINE>    DALLAS, March 13 - </DATELINE><BODY>Texas Utilities Co's TU Electric unit
+said it filed an application with the Texas Public Utilities
+Commission for authorization to refund about 69.7 mln dlrs to
+customers.
+    The refund, TU's fifth since May 1986, is made possible by
+lower costs for fuel to make electricity, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9906" NEWID="4993">
+<DATE>13-MAR-1987 14:58:27.75</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0188&#31;reute
+r f BC-BRAZIL-INDUSTRIAL-GRO   03-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL INDUSTRIAL GROWTH RATE SLOWED IN JANUARY</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 13 - </DATELINE><BODY>The growth rate of Brazilian
+industrial output slowed in January to 6.09 pct above the same
+1986 month after rising 6.71 pct in December, Brazilian
+Geography and Statistics Institute figures show.
+    The result is in line with the declining trend in the
+growth rate since October, the Institute said.
+    In the 12 months to end-January industrial production was
+10.48 pct above the 12 months to end-January last year while in
+calendar 1986 output was 10.89 pct above 1985.
+    The biggest output rises in the 12 months to end-January
+were 23.68 pct in pharmaceuticals and 22.12 pct in machinery.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9907" NEWID="4994">
+<DATE>13-MAR-1987 15:01:15.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0192&#31;reute
+r f BC-RJR-NABISCO-&lt;RJR>-SEL   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR NABISCO &lt;RJR> SELLS SINKING FUND DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>RJR Nabisco Inc is raising 500 mln
+dlrs via an issue of sinking fund debentures due 2017 yielding
+8-3/4 pct, said lead manager Shearson Lehman Brothers Inc.
+    The debentures have an 8-5/8 pct coupon and were priced at
+98.675 to yield 115 basis points over the off-the-run 9-1/4 pct
+Treasury bonds of 2016.
+    Non-refundable for 10 years, the issue is rated A-1 by
+Moody's and A by Standard and Poor's. A sinking fund beginning
+in 1998 to retire annually five pct of the debentures can be
+increased by 200 pct at the company's option.
+    Dillon, Read and Co Inc co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9908" NEWID="4995">
+<DATE>13-MAR-1987 15:01:24.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0193&#31;reute
+u f BC-BRITAIN-WANTS-BANK-RE   03-13 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN WANTS BANK REGULATION DEAL WITH JAPAN</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>Britain wants Japan to agree a timetable
+for work towards joint rules on capital adequacy for banks
+along the lines of a January outline agreement between the U.S
+and the U.K., Corporate Affairs Minister Michael Howard said.
+    Howard told a Nikkei conference on Tokyo financial markets
+"I want to see an agreement between us on what progress is to be
+made and the rate at which it will happen."
+    Japanese vice-minister of finance for international affairs
+Toyoo Gyohten told the conference yesterday he was ready to
+discuss capital adequacy, but no negotiations were planned and
+he could not see how or when agreement would be reached.
+    Howard said another issue he would raise during a visit to
+Japan, starting on April 13, was equal access for U.K.
+Financial firms to the Japanese market.
+    He said 14 London-based financial firms were based in
+Tokyo, nine of them wholly British, with licences to deal in
+securities. This compared with 58 wholly-licensed Japanese
+firms in London.
+    "I am not a protectionist. We welcome all these firms here.
+But I want our firms to be able to compete just as freely in
+Japan and at the moment they are not allowed to do so," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9909" NEWID="4996">
+<DATE>13-MAR-1987 15:02:15.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0198&#31;reute
+r f BC-LOADMASTER-SYSTEMS-&lt;L   03-13 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOADMASTER SYSTEMS &lt;LSMIF> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    TUCSON, Ariz., March 13 - </DATELINE><BODY>Loadmaster Systems Inc said Mark
+A Cote has been appointed president of the company and its
+Loadmaster Systems Inc USA subsidiary.
+    The company said he succeeds David L. Shorey who accepted
+an appointement as president of &lt;Shelf Storage Systems
+International>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9910" NEWID="4997">
+<DATE>13-MAR-1987 15:02:33.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0200&#31;reute
+r f BC-MOODY'S-MAY-DOWNGRADE   03-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE HOME SHOPPING &lt;HSN> DEBT</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade Home Shopping Network Inc's 250 mln dlrs of Ba-3
+senior notes.
+    The rating agency cited Home Shopping's plan to issue
+additional debt, thereby increasing leverage. Moody's noted
+that the company intends to use a portion of the proceeds to
+repurchase existing debt.
+    Moody's said its review would focus on Home Shopping's
+future capital structure and examine the added risk associated
+with the company's commitment to diversify its product line to
+include financial services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9911" NEWID="4998">
+<DATE>13-MAR-1987 15:03:01.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0203&#31;reute
+s f BC-GENERAL-CINEMA-CORP-&lt;   03-13 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL CINEMA CORP &lt;GCN> COMMON STOCK DIVIDEND</TITLE>
+<DATELINE>    CHESTNUT HILL, Mass., March 12 - 
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts prior
+    Pay April 30
+    Recrod April nine
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9912" NEWID="4999">
+<DATE>13-MAR-1987 15:03:56.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0209&#31;reute
+d f BC-STEPHAN-CO-&lt;FTC>-YEAR   03-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEPHAN CO &lt;FTC> YEAR NET</TITLE>
+<DATELINE>    FT. LAUDERDALE, Fla., March 13 -
+    </DATELINE><BODY>Shr 25 cts vs 18 cts
+    Net 109,131 vs 75,793
+    Revs 1,811,636 vs 1,280,618
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9913" NEWID="5000">
+<DATE>13-MAR-1987 15:04:51.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0214&#31;reute
+f f BC-******USDA-REPORTS-10   03-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USDA REPORTS 10.572 MLN ACRES ENROLLED IN  FOURTH CONSERVATION RESERVE PROGRAM SIGNUP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-005.sgm b/textClassication/reuters21578/reut2-005.sgm
new file mode 100644
index 0000000..ef948be
--- /dev/null
+++ b/textClassication/reuters21578/reut2-005.sgm
@@ -0,0 +1,33744 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9914" NEWID="5001">
+<DATE>13-MAR-1987 15:05:02.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0215&#31;reute
+d f BC-PLM-&lt;PLMA>-UNIT-ENDS   03-13 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLM &lt;PLMA> UNIT ENDS MERGER TALKS</TITLE>
+<DATELINE>    SAN FRANCISCO, March 13 - </DATELINE><BODY>PLM Cos Inc said its PLM Power Co
+unit broke off merger discussions with Sunlaw Energy Corp of
+Beverly Hills, Calif.
+    In January PLM Power entered into a letter of intent to
+negotiate a potential acquisition of Sunlaw, subject to
+substantial due diligence, the company said.
+    But it also said the two companies were not able to agree
+on mutually satisfactory final terms and conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9915" NEWID="5002">
+<DATE>13-MAR-1987 15:08:53.08</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0224&#31;reute
+b f BC-colombia-opens-coffee   03-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA OPENS APRIL/MAY COFFEE REGISTRATIONS</TITLE>
+<DATELINE>    BOGOTA, March 13 - </DATELINE><BODY>Colombia opened coffee export
+registrations for April and May with the National Coffee
+Growers' Federation setting no limit, Gilberto Arango,
+president of the private exporters' association, said.
+    He told Reuters the decision not to put any limit responded
+to "new factors" which have emerged from recent International
+Coffee Organisation talks in London, where producers and
+consumers failed to agree on a re-introduction of export quotas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9916" NEWID="5003">
+<DATE>13-MAR-1987 15:11:52.98</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0228&#31;reute
+b f BC-/USDA-REPORTS-10.572   03-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA REPORTS 10.572 MLN ACRES IN CONSERVATION</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The U.S. Agriculture Department has
+accepted 10,572,402 more acres of highly erodable cropland into
+the Conservation Reserve Program, USDA announced.
+    In the latest signup, farmers on 101,020 farms submitted
+bids on a total of 11,254,837 acres.
+    The accepted bids for annual rental payments ranged up to
+90 dlrs per acre with an average of 51.17 dlrs per acre.
+    Land entered into the Conservation Reserve Program will be
+ineligible for farming for ten years and must be planted with
+permanent vegetative cover.
+    Producers enrolled 1,894,764 acres of corn base acreage in
+the conservation program to take advantage of a corn "bonus"
+rental payment that was offered by USDA.
+    The corn bonus, to be paid in generic comodity
+certificates, amounts to two dlrs per bushel, based on the ASCS
+program payment yield for corn, for each acre of corn based
+accepted into the reserve.
+    The state showing the biggest enrollment in the
+conservation program during this signup was Texas with
+approximately 1.225 mln acres, followed by Iowa with 1.030 mln
+acres, Minnesota with 890,000 acres, Montana 875,000 acres, and
+Kansas with 842,000 acres.
+    Other states showing big enrollment were Missouri with
+646,000 acres, North Dakota with 588,000 acres, and Nebraska
+with 554,000 acres.
+    In the corn belt states of Illinois and Indiana, 217,000
+acres and 116,000 acres respectively were enrolled.
+    Farm land signed up to date in the conservation program
+totals 19,488,587 acres. Bids on the previous signups ranged up
+to 90 dlrs per acre with an average of 45.52 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9917" NEWID="5004">
+<DATE>13-MAR-1987 15:13:01.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0233&#31;reute
+u f BC-BRAZIL-DEBT-POSES-THO   03-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL DEBT POSES THORNY ISSUE FOR U.S. BANKS</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>CitiCorp &lt;CCI> appears to be digging
+in its heels for tough negotiations over the billions of
+dollars in loans that Brazil owes to money center banks, Wall
+Street analysts said.
+    "I view it as pre-negotiation posturing," said analyst
+Carole Berger of Cyrus J. Lawrence Inc, referring to both
+Brazil and Citicorp. Brazil recently stopped paying interest on
+its commercial bank debt. Today, CitiCorp said its first
+quarter income would be reduced by 50 mln dlrs after tax if it
+lists the loans as non-performing status.
+    Citicorp filed an 8-K form with the Securities and Exchange
+Commission, indicating a material change in its financial
+situation. "Citicorp is saying you can't scare us with threats,
+we'll make your loans non-performing right now," Berger said.
+    The loans have to be treated as non-performing after 90
+days without a payment. CitiCorp said only that the situation
+will be reviewed at the end of the current quarter.
+    Berger asserted that Brazil is doing its own politicking by
+talking to U.S. regulators and trying to drive a wedge between
+U.S. and European banks.
+    Analyst Lawrence Cohn of Merrill Lynch and Co said it is
+unlikely the situation will be resolved until the second half
+of this year.
+    "Ultimately the Brazilians are going to have to pay up on
+all the interest they owe," Cohn said. "The real issue is the
+rescheduling of debt terms.
+    Another question is whether or not the International
+Monetary Fund can help Brazil with a new austerity program.
+    Stocks of money center banks were mostly down fractions in
+late dealings. One trader most stocks in the group bounced off
+their lows by midday as investors took the news in stride.
+    Cohn said the bank stocks may be risky until numbers on
+non-performing loans are reported for each bank. But he said
+investors looking ahead six to 12 months might want to buy at
+present levels for the "tremendous fundamental values" in the
+group.
+    Analyst Robert Gordon of Shearson Lehman Brothers Inc said
+Manufacturers Hanover Corp &lt;MHC) has the greatest exposure to
+Brazilian loans of any New York bank, in terms of percentage of
+earnings. He said his only two recommendations currently among
+New York banks are J.P. Morgan and Co &lt;JPM> and Bankers Trust
+Co &lt;BT> which happen to have the least exposure.
+    Gordon said his positive opinion on J.P. Morgan and Bankers
+Trust was not merely a response to the fact that the two have
+lower exposure to Brazilian loans than other banks. 
+    In fact he said there's a chance those banks could get more
+involved in the future. He noted that Morgan has already set up
+a brokerage subsidiary to deal in loans to less developed
+countries.
+    "I don't see any reason to change full year earnings
+estimates, said Frederick Meinke, analyst at E.F. Hutton Co. He
+thinks the confrontation with Brazil could end in a replay of a
+situation that occurred with Argentina in 1984 and 1985.
+    Meinke noted that in the case of Argentina the loans became
+non-accruing for a couple of quarters but then when the banks
+came to an agreement with Argentina all the back interest was
+paid. "What it did was distort the quarterly earnings pattern,"
+he said.
+    He said in the case of Brazil write-offs of loans is a
+worst-case outcome which is highly unlikely. He noted that
+Brazil is a country with a diversified economy, going through
+some economic upheaval after the transition from a military to
+a civilian government.
+    "The countries of Latin America have too much debt relative
+to their ability to service it," said John Mason of
+Interstate Securities. "We've been fiddling around with these
+problems for five years and the hour is growing late."
+    He said up to now the banks have reduced their spreads, cut
+interest rates internally and extended maturities and none of
+these measures has been enough. He expects re-classification of
+as much as a third of the loans as non-accruing and he sees
+partial write downs of some loans.
+    Nevertheless Mason thinks the money center bank stocks 
+could be poised for a short term rally.
+    A spokesman at First Chicago Corp &lt;FNB> said it is
+premature to put Brazil's loans on a cash basis. "It is our
+expectation that economic development will allow Brazil to meet
+its debt," a spokesman said.
+    Bankers Trust in New York said it would be premature to
+make a decision. Several other banks queried by Reuters said
+much the same thing.
+    A spokesman at Manufacturers Hanover noted that of 2.3
+billion dlrs in loan exposure to Brazil only 1.3 billion is
+subject to Brazil's unilateral moratorium on repayment of
+interest.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9918" NEWID="5005">
+<DATE>13-MAR-1987 15:13:10.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0234&#31;reute
+b f BC-ROCKWELL-&lt;ROK>-TO-REP   03-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKWELL &lt;ROK> TO REPURCHASE MORE COMMON SHARES</TITLE>
+<DATELINE>    PITTSBURGH, March 13 - </DATELINE><BODY>Rockwell International Corp said its
+board has authorized extension of the company's 500 mln dlr
+stock repurchase program by an additional 500 mln dlrs.
+    Since the beginning of the present repurchase program in
+March 1986, Rockwell said, it has bought 10.4 mln shares for
+461 mln dlrs. At present prices, it said, the program would
+reduce the presently outstanding 140 mln common shares by about
+seven pct. Since November 1983, the company has repurchased
+18.1 mln shares for 672 mln dlrs, it said.
+    Rockwell said the stock will be repurchased through open
+market and private transactions.
+    Rockwell said the repurchased shares will be available for
+potential acquisitions, stock options, employee benefit
+programs, conversion of convertible securities and other
+purposes.
+    The company said, "We continue to view our repurchase
+program as an integral part of our long term goal of improving
+shareholder values."
+    Rockwell said the program "complements our aggressive
+program of support for the growth plans of our businesses with
+capital investments, product and research development
+resources, and acquisitions in support of our core businesses."
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9919" NEWID="5006">
+<DATE>13-MAR-1987 15:14:20.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0237&#31;reute
+r f BC-VOGTLE-NUCLEAR-PLANT   03-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOGTLE NUCLEAR PLANT GETS FULL-POWER LICENSE</TITLE>
+<DATELINE>    ATLANTA, March 13 - </DATELINE><BODY>The Nuclear Regulatory Commission
+issued a full-power operating license for Unit 1 of the Vogtle
+Electric Generating Plant, said Southern Co &lt;SO> unit Georgia
+Power, which is a co-owner of the plant.
+    Georgia Power said the license allows for completion of
+pre-operational testing, which will be followed by full-power
+operation. Unit 1 is scheduled to begin commerical operation by
+June one, it said.
+    The other co-owners of the plant are &lt;Olgethorpe Corp>, the
+Municpal Electric Authority of Georgia and the city of Dalton.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9920" NEWID="5007">
+<DATE>13-MAR-1987 15:19:10.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0255&#31;reute
+r f BC-BRITISH-AIRWAYS-&lt;BAB>   03-13 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AIRWAYS &lt;BAB> TO FLY TO TOKYO NON-STOP</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>British Airways said the British
+government reached an agreement on new traffic rights with the
+Japanese government which clears the way for non-stop flights
+between London and Tokyo.
+    The flight is scheduled to cut across Siberia, shaving
+almost six hours off the previous flight path to 11-1/2 hours,
+British Airways said.
+    The trans-Siberian route is subject to approval by the
+USSR, British Airways added.
+    Under the agreement, British Airways said it will continue
+to leave Heathrow daily, but the new non-stop service will
+operate on Thursdays and Saturdays starting early June. The
+company said return flights will be on Fridays and Sundays.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9921" NEWID="5008">
+<DATE>13-MAR-1987 15:20:20.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0260&#31;reute
+h f BC-BRITAIN-WANTS-BANK-RE   03-13 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN WANTS BANK REGULATION DEAL WITH JAPAN</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>Britain wants Japan to agree a timetable
+for work towards joint rules on capital adequacy for banks
+along the lines of a January outline agreement between the U.S
+and the U.K., Corporate Affairs Minister Michael Howard said.
+    Howard told a Nikkei conference on Tokyo financial markets,
+"I want to see an agreement between us on what progress is to be
+made and the rate at which it will happen."
+    Japanese vice-minister of finance for international affairs
+Toyoo Gyohten told the conference yesterday he was ready to
+discuss capital adequacy, but no negotiations were planned and
+he could not see how or when agreement would be reached.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9922" NEWID="5009">
+<DATE>13-MAR-1987 15:21:39.08</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0264&#31;reute
+u f BC-/U.S.-MEAT-GROUP-TO-F   03-13 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MEAT GROUP TO FILE TRADE COMPLAINTS</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The American Meat Institute, AME,
+said it intended to ask the U.S. government to retaliate
+against a European Community meat inspection requirement.
+    AME President C. Manly Molpus also said the industry would
+file a petition challenging Korea's ban of U.S. meat products.
+    Molpus told a Senate Agriculture subcommittee that AME and
+other livestock and farm groups intended to file a petition
+under Section 301 of the General Agreement on Tariffs and Trade
+against an EC directive that, effective April 30, will require
+U.S. meat processing plants to comply fully with EC standards.
+    The meat industry will seek to have the U.S. government
+retaliate against EC and Korean exports if their complaints are
+upheld.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9923" NEWID="5010">
+<DATE>13-MAR-1987 15:21:47.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0265&#31;reute
+r f BC-COMMERCE-BANCORP-&lt;COB   03-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCE BANCORP &lt;COBA> FILES FOR OFFERING</TITLE>
+<DATELINE>    CHERRY HILL, N.J., March 13 - </DATELINE><BODY>Commerce Bancorp Inc said it
+has filed a registration statement with the Securities and
+Exchange Commission for a 575,000 share Series B cumulative
+preferred stock offering, including 75,000 shares to cover
+allotments.
+    Commerce said it and its banking subsidiaries will use the
+proceeds to support their planned growth and for general
+corporate purposes.
+    The bank holding company said each share of preferred
+stocks initially will be convertible into one share of Commerce
+common stock.
+    Commerce said the preferred shares will be priced at a
+range of 20-22 dlrs a share, with a proposed sale to the public
+commencing in early-to-mid April.
+    Commerce said Butcher and Singer Inc will be the offering's
+managing underwriter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9924" NEWID="5011">
+<DATE>13-MAR-1987 15:21:53.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0266&#31;reute
+d f BC-ADIA-SERVICES-&lt;ADIA>   03-13 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADIA SERVICES &lt;ADIA> SELLS 500,000 SHARES</TITLE>
+<DATELINE>    MENLO PARK, Calif., March 13 - </DATELINE><BODY>Adia Services Inc said it
+agreed to sell 500,000 shares of common stock to its principal
+stockholder, Adia S.A., at a price based on the current market
+price.
+    The sale will raise Adia S.A.'s ownership in the company to
+74.7 pct from 72.7 pct, Adia said.
+    The company also said it intends to use proceeds from the
+stock sale to retire debt, for working capital and for general
+corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9925" NEWID="5012">
+<DATE>13-MAR-1987 15:22:36.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0268&#31;reute
+s f BC-MET-PRO-CORP-&lt;MPR>-TO   03-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MET-PRO CORP &lt;MPR> TO PAY REGULAR DIVIDEND</TITLE>
+<DATELINE>    HARLEYSVILLE, Pa., March 13 -
+    </DATELINE><BODY>Qtrly 15 cts vs 15 cts prior
+    Pay May Eight
+    Record April 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9926" NEWID="5013">
+<DATE>13-MAR-1987 15:24:00.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0270&#31;reute
+h f BC-AILEEN-INC-&lt;AEE>-1SR   03-13 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AILEEN INC &lt;AEE> 1SR QTR JAN 31 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 13 - 
+    </DATELINE><BODY>Shr loss 30 cts vs loss 20 cts
+    Net loss 1,553,000 vs loss 1,031,000
+    Revs 10.0 mln vs 8,696,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9927" NEWID="5014">
+<DATE>13-MAR-1987 15:25:16.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0271&#31;reute
+r f BC-INT'L-GAME-TECHNOLOGY   03-13 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L GAME TECHNOLOGY &lt;IGAM> TO SELL DEBT</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>International Game Technology said it
+filed with the Securities and Exchange Commission a
+registration statement covering a 35 mln dlr issue of senior
+notes due 1995 and a 25 mln dlr issue of convertible senior
+subordinated debentures due 2002.
+    The company named Drexel Burnham Lambert Inc as sole
+manager of the offerings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9928" NEWID="5015">
+<DATE>13-MAR-1987 15:32:32.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0285&#31;reute
+u f BC-resending   03-13 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOLVERINE WORLD WIDE INC &lt;WWW> 4TH QTR LOSS</TITLE>
+<DATELINE>    ROCKFORD, MICH., March 13 -
+    </DATELINE><BODY>Shr loss six cts vs profit 55 cts
+    Net loss 414,000 vs profit 3,936,000
+    Sales 109.4 mln vs 126.8 mln
+    Year
+    Shr loss 1.75 dlrs vs profit 55 cts
+    Net loss 12,589,000 vs profit 3,965,000
+    Sales 341.7 mln vs 389.5 mln
+    NOTE: Year results include 14.0 mln dlr restructuring
+charge in 2nd Qtr of 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9929" NEWID="5016">
+<DATE>13-MAR-1987 15:32:42.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0286&#31;reute
+r f BC-MEAD-&lt;MEA>-FILES-150   03-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEAD &lt;MEA> FILES 150 MLN DLR SHELF REGISTRATION</TITLE>
+<DATELINE>    DAYTON, Ohio, March 13 - </DATELINE><BODY>Mead Corp said it filed a shelf
+registration with the Securities and Exchange Commission
+covering potential debt securities offerings of up to 150 mln
+dlrs.
+    It said the underwriters for this offerings may include
+Smith Barney, Harris Upham and Co Inc, Goldman Sachs and Co
+and/or Salomon Brothers Inc.
+    Mead said proceeds will be used to retire short-term debt,
+a portion of which was incurred to finance part of the recent
+acquisitions of Ampad Corp and Zellerbach Distribution Group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9930" NEWID="5017">
+<DATE>13-MAR-1987 15:33:15.31</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0287&#31;reute
+f f BC-ussr-export-sale   03-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 122,000 TONNES CORN  SOLD TO MEXICO FOR 1986/87
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9931" NEWID="5018">
+<DATE>13-MAR-1987 15:34:07.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0290&#31;reute
+r f BC-HURCO-COMPANIES-INC-&lt;   03-13 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HURCO COMPANIES INC &lt;HURC> FIRST QTR NET</TITLE>
+<DATELINE>    INDIANAPOLIS, March 13 -
+    </DATELINE><BODY>Shr profit three cts vs loss 18 cts
+    Net profit 124,000 vs loss 370,000
+    Rev 11.3 mln vs 11.7 mln
+    Avg shares 3,673,000 vs 2,368,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9932" NEWID="5019">
+<DATE>13-MAR-1987 15:38:11.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0295&#31;reute
+r f BC-ALCIDE'S-&lt;ALCD>-SHELF   03-13 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCIDE'S &lt;ALCD> SHELF REGISTRATION EFFECTIVE</TITLE>
+<DATELINE>    NORWALK, Conn., March 13 - </DATELINE><BODY>Alcide Corp said its shelf
+registration of 4,500,000 shares of common has been declared
+effective by the Securities and Exchange Commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9933" NEWID="5020">
+<DATE>13-MAR-1987 15:39:02.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0298&#31;reute
+r f BC-MAXTOR-&lt;MXTR>-AGREES   03-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAXTOR &lt;MXTR> AGREES TO ACQUIRE U.S. DESIGN</TITLE>
+<DATELINE>    SAN JOSE, Calif., March 13 - </DATELINE><BODY>Maxtor Corp and U.S. Design
+Corp &lt;USDC>, said they reached definitive agreement covering
+the acquisition of U.S. Design by Maxtor.
+    They said the arrangement, which is subject to a number of
+conditions including U.S. Design shareholder approval, calls
+for Maxtor to issue 12 mln dlrs worth of its own common stock
+in exchange for all of U.S. Design.
+    The number of Maxtor shares to be issued will be determined
+by the average closing price of Maxtor stock over the 10
+trading day period prior to the day the acquisition becomes
+effective, the companies also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9934" NEWID="5021">
+<DATE>13-MAR-1987 15:39:21.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0299&#31;reute
+s f BC-SHARED-MEDICAL-SYSTEM   03-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHARED MEDICAL SYSTEMS CORP &lt;SMED> SETS PAYOUT</TITLE>
+<DATELINE>    MALVERN, Pa., March 13 -
+    </DATELINE><BODY>Qtly div 18 cts vs 18 cts prior
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9935" NEWID="5022">
+<DATE>13-MAR-1987 15:39:34.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0300&#31;reute
+r f BC-INTERNATIONAL-LEASE-F   03-13 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL LEASE FINANCE &lt;ILFC> PICKS ENGINE</TITLE>
+<DATELINE>    EVENDALE, Ohio, March 13 - </DATELINE><BODY>International Lease Finance Corp
+said it picked the CFM International CFM56-5 high bypass
+turbofan engine to power its three new Airbus Industries A320
+aircraft.
+    International Lease said it is negotiating to buy up to 27
+more A320s. Initial aircraft deliveries are planned for 1991,
+the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9936" NEWID="5023">
+<DATE>13-MAR-1987 15:40:26.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0301&#31;reute
+d f BC-JWP-&lt;JWP>-SELLS-30-ML   03-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JWP &lt;JWP> SELLS 30 MLN DLRS OF NOTES</TITLE>
+<DATELINE>    LAKE SUCCESS, N.Y., March 13 - </DATELINE><BODY>JWP Inc said it sold 30 mln
+dlrs principal amount of its 9.25 pct senior notes due 1996 to
+certain institutional lenders.
+    The company said about 15 mln dlrs of the proceeds will be
+used to pay debt and the balance for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9937" NEWID="5024">
+<DATE>13-MAR-1987 15:41:03.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0302&#31;reute
+f f BC-******S/P-UPGRADES-UN   03-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P UPGRADES UNION CARBIDE CORP'S 1.2 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9938" NEWID="5025">
+<DATE>13-MAR-1987 15:41:10.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0303&#31;reute
+f f BC-ELECTRICITE-DE-FRANCE   03-13 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ELECTRICITE DE FRANCE SAYS IT WILL LAUNCH EURO-COMMERCIAL PAPER PROGRAM ON MONDAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9939" NEWID="5026">
+<DATE>13-MAR-1987 15:41:31.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0304&#31;reute
+d f BC-STORAGE-TECH-&lt;STK>-IN   03-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STORAGE TECH &lt;STK> IN DISCUSSIONS WITH IRS</TITLE>
+<DATELINE>    VAIL, Colo., March 13 - </DATELINE><BODY>Storage Technology Corp said it is
+holding dicussions with the Internal Revenue Service that could
+end their dispute over the amount of back taxes owed by the
+company.
+    "We are currently pursuing discussions with the IRS that
+could lead to a final solution," Stephen G. Jerritts, president
+and chief operating officer said. "Simultaneously, we are
+taking all necessary actions to try to expedite the court
+appeal process, resolve these issues and allow final court
+approval of the plan of reorganization, by our target date of
+June 30, 1987," he said.
+    Last year, Storage Technology's bankruptcy court ruled that
+the company owed about 25 mln dlrs in taxes, an amount much
+lower than the IRS is seeking.
+    The IRS has appealed the court's decision.
+    Jerritts also said his company and &lt;Siemens AG> of West
+Germany extended an agreement under which Storage Technology
+distributes a laser printer made by Siemens.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9940" NEWID="5027">
+<DATE>13-MAR-1987 15:41:46.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0306&#31;reute
+d f BC-U.S.-EARLY-MARCH-CAR   03-13 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. EARLY MARCH CAR SALES OFF 2.2 PCT</TITLE>
+<DATELINE>    DETROIT, March 13 - </DATELINE><BODY>Retail sales of new cars by U.S.
+automakers eased 2.2 pct in early March to the weakest levels
+since 1983, with industry giant General Motors Corp down 9.3
+pct while Ford Motor Co and Chrysler Corp both had gains.
+    The decline by GM continued its trend of weaker sales since
+the beginning of the 1987 model year, which has forced the
+world's biggest corporation to cut its car production several
+times through temporary and permanent layoffs at various
+plants.
+    Consumer incentives apparently had some success, analysts
+said, as the seasonally adjusted annualized sales rate improved
+to 7.5 mln compared with about 7.0 mln in late February. The
+eight domestic carmakers sold 8.2 mln units during 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9941" NEWID="5028">
+<DATE>13-MAR-1987 15:42:09.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0310&#31;reute
+h f BC-CAPITAL-INVESTMENTS-F   03-13 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPITAL INVESTMENTS FORMS UNIT</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 13 - </DATELINE><BODY>&lt;Capital Investments
+Development Corp> said it formed Bradford-Taylor Clearing House
+Inc, a unit that will compile mailing lists for use by the
+direct mail industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9942" NEWID="5029">
+<DATE>13-MAR-1987 15:45:20.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0315&#31;reute
+d f BC-WEIGH-TRONIX-INC-&lt;WGH   03-13 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEIGH-TRONIX INC &lt;WGHT> 4TH QTR NET</TITLE>
+<DATELINE>    FAIRMONT, MINN., March 13 -
+    </DATELINE><BODY>Shr 18 cts vs 16 cts
+    Net 348,298 vs 308,927
+    Sales 4,166,750 vs 3,740,970
+    Year
+    Shr 72 cts vs 52 cts
+    Net 1,409,867 vs 1,020,096
+    Sales 16.5 mln vs 15.0 mln
+    Avg shrs 1,974,529 vs 1,956,214
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9943" NEWID="5030">
+<DATE>13-MAR-1987 15:45:27.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0316&#31;reute
+r f BC-GOLDMAN-SACHS-GIVEN-B   03-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDMAN SACHS GIVEN BOGUS EXXON BONDS IN TRADE</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>Goldman Sachs International Corp
+received forged bonds of a unit of Exxon Corp &lt;XON> in a trade,
+a spokesman for Goldman Sachs and Co Inc said in a telephone
+conversation from New York.
+    He said the transaction left Goldman Sachs International
+with an exposure of about 2.2 mln dlrs but that it had
+insurance to cover the loss.
+    The spokesman was responding to an enquiry about an item in
+the London "Standard" newspaper, which said Goldman Sachs "is
+feared to be the victim of a new multi-million pound City
+scandal."
+    The newspaper also said, "The firm (Goldman Sachs) is
+believed to be the paying agent for some 900 bonds issued in
+the name of oil giant Exxon which were deposited at banks in
+Brussels and have now been found to be forgeries."
+    The spokesman said that the bonds were delivered to the
+firm by a man working on behalf of a third party. He said it
+wasn't until the bonds were cleared through Euro-clear (a major
+clearing house for the eurobond market) that it was discovered
+they were forgeries.
+    The spokesman also said he believed that the intermediary
+had been apprehended by police. However, a spokesman for the
+City of London police said he was unaware of such an arrest and
+could neither confirm nor deny it.
+    Last Friday, Exxon Corp said forgeries of a 20-year zero
+coupon euronote issued by its Exxon Capital Corp subsidiary
+have been discovered in the European market. It also said
+Morgan Guaranty Trust Co was the fiscal agent and paying agent
+and that Morgan, Euro-clear and Cedel (another major clearing
+system) and police in London and Brussels were investigating
+the case.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9944" NEWID="5031">
+<DATE>13-MAR-1987 15:45:35.38</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0317&#31;reute
+d f BC-U.S.-MEAT-GROUP-TO-FI   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MEAT GROUP TO FILE TRADE COMPLAINTS</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The American Meat Institute, AME,
+said it intended to ask the U.S. government to retaliate
+against a European Community meat inspection requirement.
+    AME President C. Manly Molpus also said the industry would
+file a petition challenging Korea's ban of U.S. meat products.
+    Molpus told a Senate Agriculture subcommittee that AME and
+other livestock and farm groups intended to file a petition
+under Section 301 of the General Agreement on Tariffs and Trade
+against an EC directive that, effective April 30, will require
+U.S. meat processing plants to comply fully with EC standards.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9945" NEWID="5032">
+<DATE>13-MAR-1987 15:47:27.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0322&#31;reute
+u f BC-EDF-TO-LAUNCH-EURO-CP   03-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDF TO LAUNCH EURO-CP PROGRAM MONDAY</TITLE>
+<DATELINE>    LONDON, March 13 - </DATELINE><BODY>&lt;Electricite de France> (EdF) will make
+its first offering of Euro-commercial paper in the
+international market on Monday, EdF chief financial officer
+Daniel Lallier said in a telephone call from Paris.
+    The program was announced in late January and dealers
+expect the company will be pushing to maintain its ability to
+obtain some of the finest terms available in the international
+markets.
+    Lallier did not say how much would be offered, although he
+has noted that EDF would be cautious because it believes the
+market is still in its infancy. In January he said EdF may not
+issue more than 300 to 500 mln dlrs of paper this year.
+    EdF plans to oversee the program itself, with Goldman Sachs
+International Corp, Morgan Guaranty Ltd and Salomon Brothers
+International Ltd acting as dealers for the general program,
+which will be aimed at institutional and retail investors.
+    Union Bank of Switzerland will act as dealer for a specific
+program, which is aimed at smaller retail investors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9946" NEWID="5033">
+<DATE>13-MAR-1987 15:47:50.80</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0324&#31;reute
+b f BC-/CBT-TRADERS-SAY-U.S.   03-13 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT TRADERS SAY U.S. CONSERVATION SIGNUP NEUTRAL</TITLE>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>The 11,254,837 acres of highly erodable
+farmland submitted to the U.S. Department of Agriculture for
+the conservation reserve program was within trade guesses of
+10-12 mln and should have an overall neutral impact on grain
+and soybean prices Monday, grain traders said.
+    Farmers enrolled 1,894,764 acres of corn base acreage in
+the conservation program to take advantage of a corn bonus
+rental payment that was offered by the USDA, which may underpin
+new crop futures, they said.
+    New crop corn prices firmed earlier this week on ideas of a
+large sign-up in the program. But traders noted that the poor
+yielding acres being set-aside will result in only a modest
+decrease in final production figures, since farmers will
+concentrate on high yielding land.
+    Of a total 11,254,837 erodoble acres submitted, usda
+accepted 10,572,402 acres into the program at an average rental
+payment of 51.17 dlrs per acre.
+    Farm land signed up to date now totals 19,488,587 acres.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9947" NEWID="5034">
+<DATE>13-MAR-1987 15:48:34.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0330&#31;reute
+d f BC-MONARCH-AVALON-INC-&lt;M   03-13 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONARCH AVALON INC &lt;MAHI> 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    BALTIMORE, March 13 -
+    </DATELINE><BODY>Shr loss 11 cts vs profit four cts
+    Net loss 199,000 vs profit 81,000
+    Rev 1.9 mln vs 2.5 mln
+    Nine months
+    Shr loss 14 cts vs profit 15 cts
+    Net loss 261,000 vs profit 273,000
+    Rev 6.4 mln vs 7.6 mln
+    NOTE: Per share information adjusted for three-for-two
+stock split on January 31, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9948" NEWID="5035">
+<DATE>13-MAR-1987 15:52:33.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f0336&#31;reute
+r f BC-bcresources   03-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>B.C. RESOURCES HAS NEW 360 MLN DLR CREDIT LINE</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 13 - </DATELINE><BODY>British Columbia
+Resources Investment Corp said it successfully concluded
+refinancing negotiations with bankers for a new 360 mln dlr
+restructured credit facility.
+    The credit line will be in place for four years to March
+31, 1991, but is extendable up to 10 years under certain
+circumstances which were not specified by the company.
+    B.C. Resources said subsidiaries Westar Timber and Westar
+Petroleum have settled revised lending agreements, but debt
+discussions regarding subsidiary Westar Mining are continuing.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9949" NEWID="5036">
+<DATE>13-MAR-1987 15:53:40.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE><D>machinea</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0338&#31;reute
+u f BC-ARGENTINE-DEBT-TALKS   03-13 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE DEBT TALKS DIFFICULT - CENTRAL BANK</TITLE>
+<DATELINE>    BUENOS AIRES, March 13 - </DATELINE><BODY>Central Bank President Jose Luis
+Machinea said negotiations with creditor banks on Argentina's
+30 billion dlr private sector foreign debt were difficult.
+    "There is considerable divergence with the banks. We must
+try to get them to lower the spreads," Machinea told Reuter.
+    He said negotiations with the steering committee for the
+country's creditor banks in New York would not end next week.
+    Machinea leaves for New York tomorrow with Treasury
+Secretary Mario Brodersohn to complete Argentina's team at
+negotiations with the steering committee for a 2.15 biilion dlr
+loan to see the country through 1987.
+    Machinea said Argentina had World Bank support. He said he
+and Economy Minister Juan Sourrouille had discussed Argentina's
+loan request with World Bank Vice-President David Knox, who is
+currently in Buenos Aires.
+    Argentina is aiming at four pct growth in 1987 and has said
+this target is not negotiable. It has indicated that it would
+not put payment of interest due on its foreign debt ahead of
+its growth target if the loan was not granted.
+    The United States and 12 other industrial nations granted
+Argentina a 500 mln dlr bridge which was received this week.
+    Talks on the 2.15 billion dlr lona began in January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9950" NEWID="5037">
+<DATE>13-MAR-1987 15:54:21.09</DATE>
+<TOPICS><D>crude</D><D>gas</D><D>nat-gas</D><D>wpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0339&#31;reute
+r f BC-U.S.-PRODUCER-ENERGY   03-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PRODUCER ENERGY PRICES RISE IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Prices of wholesale finished energy
+goods in the U.S. rose 4.0 pct in February after a 9.8 pct rise
+in January, the Labor Department said.
+    The Producer Price Index for finished energy goods fell by
+20.9 pct in the past 12 months.
+    Heating oil prices rose 3.0 pct in February after a 18.0
+pct rise in January, the department said.
+    Gasoline prices rose by 5.5 pct last month after a 15.7
+pct January rise, the department said. Natural gas prices rose
+1.8 pct after a 4.2 pct rise in January.
+    Crude oil prices rose 4.4 pct in February, after a 19.7 pct
+January rise and were off 21.3 pct from the year ago level.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9951" NEWID="5038">
+<DATE>13-MAR-1987 15:55:47.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0342&#31;reute
+u f BC-UNION-CARBIDE-&lt;UK>-DE   03-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION CARBIDE &lt;UK> DEBT UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Standard and Poor's Corp said it
+upgraded 1.2 billion dlrs of debt of Union Carbide Corp and its
+affiliate, DCS Capital Corp.
+    Raised were the pair's senior debt to BB-plus from
+BB-minus. Union Carbide's subordinated debt was upgraded to
+BB-minus from B.
+    S and P said the action reflected several positive factors
+which emerged over the past year, including a better balance of
+supply and demand in the chemical industry. Union Carbide has
+also benefitted from the turnaround in foreign exchange rates
+and lower feedstock costs, the agency noted.
+    Standard and Poor's said the company's asset sales, and
+subsequent use of the proceeds for debt reduction, exceeded the
+corporate plan of a year ago.
+    The rating agency also pointed out that Union Carbide's
+successful refinancing of more than 2.5 billion dlrs of
+long-term debt has resulted in a substantially lower interest
+burden.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9952" NEWID="5039">
+<DATE>13-MAR-1987 15:56:03.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0343&#31;reute
+u f BC-U.S.-EARLY-MARCH-CAR   03-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. EARLY MARCH CAR SALES OFF 2.2 PCT</TITLE>
+<AUTHOR>    By Richard Walker, Reuters</AUTHOR>
+<DATELINE>    DETROIT, March 13 - </DATELINE><BODY>Retail sales of new cars by U.S.
+automakers eased 2.2 pct in early March to the weakest levels
+since 1983, with industry giant General Motors Corp &lt;GM> down
+9.3 pct.
+    Ford Motor Co &lt;F> and Chrysler Corp &lt;C> both had gains.
+    The decline by GM continued its trend of weaker sales since
+the beginning of the 1987 model year, which has forced the
+world's biggest corporation to cut its car production several
+times through temporary and permanent layoffs at various
+plants.
+    Relatively weaker sales by all of the Detroit Big Three
+carmakers have compelled the companies to offer a string of
+sales incentives including cash rebates and below-market
+interest loans in an effort to reignite the market.
+    Incentives apparently had some success, analysts said, as
+the seasonally adjusted annualized sales rate improved to 7.5
+mln compared with about 7.0 mln in late February. The eight
+domestic carmakers sold 8.2 mln units during 1986.
+    GM said its sales of domestic-built cars in the March 1-10
+period declined to 97,487 from 104,952 a year ago while truck
+sales rose 14.4 pct to 40,131 from 35,081. There were eight
+selling days in each period.
+    Despite the lower car sales, the giant automaker had a
+bright spot as its Chevrolet division, which is launching a
+national sales campaign this month for its new Corsica and
+Beretta compact cars, was up almost 21 pct when only
+domestic-built cars were counted. GM's Buick division was also
+up, by 11.4 pct, while Cadillac was down 7.8 pct, Pontiac was
+off 10.8 pct and Oldsmobile plunged 41 pct.
+    GM also showed an improvement in its market share to 53.6
+pct from 48.1 pct in late February, which analysts said was
+partly due to the increasing sales for the new Chevrolets.
+    Meanwhile, Ford said its car sales rose 5.9 pct to 50,407
+compared with 47,592 a year ago while truck sales gained by
+12.6 pct to 35,814 from 31,811.
+    Number three Chrysler's car sales gained to 0.4 pct to
+25,286 from 25,191 while its truck sales gained 15 pct to
+15,565 from 13,585. The truck sales were a record for the
+period, the company said.
+    Among the smaller makers, Honda &lt;HMC> said domestic car
+sales rose 16 pct to 4,394 from 3,786 and Volkswagen of America
+rose 4.9 pct to 849 from 809.
+    American Motors Corp &lt;AMO> fell 57 pct to 760 from 1,780
+for cars but rose 18 pct in jeep sales to 4,500 from 3,800.
+    Nissan &lt;NSANY> car sales rose 19.1 pct to 2,137 from 1,794
+and gained 3.6 pct on trucks to 1,686 from 1,628. Toyota
+&lt;TOYOY> said it sold 500 U.S.-built cars compared with none a
+year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9953" NEWID="5040">
+<DATE>13-MAR-1987 15:56:39.68</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0344&#31;reute
+u f BC-/U.S.-COTTON-CERTIFIC   03-13 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COTTON CERTIFICATE EXPIRATION DATE EXTENDED</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Expiration dates on upland cotton
+certificates issued under the 1986 upland cotton program are
+being extended, the Agriculture Department announced.
+    The certificates are being extended because of a shortage
+of Commodity Credit Corporation inventory available for
+exchange with certificates, USDA undersecretary Danial Amstutz
+said.
+    Presently, upland cotton commodity certificates expire nine
+months from the last day of the month of issuance.
+    Under the new procedure, all current outstanding and all
+new upland cotton certificates issued under the 1986 upland
+cotton program will have an expiration date of either February
+29, 1988, or nine months from the last day of the month in
+which the certificate is issued, whichever is later.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9954" NEWID="5041">
+<DATE>13-MAR-1987 15:59:24.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0348&#31;reute
+u f BC-S/P-DOWNGRADES-MICHIG   03-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P DOWNGRADES MICHIGAN GENERAL &lt;MGL> DEBT</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Standard and Poor's Corp said it cut
+to C from CCC-minus Michigan General Corp's 110 mln dlrs of
+10-3/4 pct senior subordinated debentures due 1998.
+    S and P said if Michigan General's exchange offer for the
+debentures is not successful, the firm anticipates it will
+default on the June 1 interest payment and will have to seek
+protection from creditors under the Federal Bankruptcy Act.
+    The exchange offer faces numerous obstacles, including the
+tender of at least 90 pct of the debentures and additional
+financing from lenders, S and P noted.
+    The company's implied senior debt rating is CCC-minus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9955" NEWID="5042">
+<DATE>13-MAR-1987 15:59:41.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0349&#31;reute
+u f BC-BNL-ANNOUNCES-NET-198   03-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BNL ANNOUNCES NET 1986 PROFITS IN BANK SECTOR</TITLE>
+<DATELINE>    ROME, March 13 - </DATELINE><BODY>State-owned &lt;Banca Nazionale del Lavoro
+BNL> said 1986 profits for its banking activities equalled 155
+billion lire against 146 billion lire in 1985.
+    Consolidated 1986 results for BNL, which also has interests
+in tourism, public works, industrial credit and other sectors,
+are expected to be announced later this year.
+    The results for the banking sector are to be presented at a
+shareholders meeting scheduled for April 29.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9956" NEWID="5043">
+<DATE>13-MAR-1987 16:00:21.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0353&#31;reute
+d f BC-APPLIED-DNA-SYSTEMS-I   03-13 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLIED DNA SYSTEMS INC &lt;ADNA> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 13 -
+    </DATELINE><BODY>Shr loss one ct vs nil
+    Net loss 148,007 vs loss 58,863
+    Revs 198,919 vs 133,071
+    Avg shrs 7,476,433 vs 6,633,989
+    Year
+    Shr loss three cts vs loss six cts
+    Net loss 230,949 vs 424,719
+    Revs 666,626 vs 509,971
+    NOTE: Amounts include losses of a 50 pct owned scientific
+development affiliate, Analytical Biosystems Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9957" NEWID="5044">
+<DATE>13-MAR-1987 16:05:31.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0366&#31;reute
+r f BC-QED   03-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OILMAN HAS 8.7 PCT OF QED EXPLORATION &lt;QEDX></TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Kansas oilman Nicholas Powell told
+the Securities and Exchange Commission he has acquired 195,000
+shares of QED Exploration Inc, or 8.7 pct of the total
+outstanding common stock.
+    Powell, who heads Prairie Resources Corp and Mack C. Colt
+Inc, both Kansas oil and gas exploration companies, said he
+bought the stock for investment purposes.
+    Powell, who said he has already spent 609,831 dlrs on his
+QED stock, said he plans to buy more shares as long as he
+considers them to be undervalued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9958" NEWID="5045">
+<DATE>13-MAR-1987 16:05:38.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0367&#31;reute
+d f BC-TEXAS-AIR-&lt;TEX>-NAMES   03-13 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR &lt;TEX> NAMES BRITT AIRWAYS PRESIDENT</TITLE>
+<DATELINE>    HOUSTON, March 13 - </DATELINE><BODY>Texas Air Corp said it named Norman
+McInnis as president of its Britt Airways unit, succeeding Bill
+Britt, who retired March one.
+    McInnis, former president of Royale Airlines, most recently
+was a consultant to the commuter airline industry.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9959" NEWID="5046">
+<DATE>13-MAR-1987 16:05:59.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0370&#31;reute
+b f BC-labatt   03-13 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JOHN LABATT LTD 3RD QTR SHR DILUTED 32 CTS VS 30 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9960" NEWID="5047">
+<DATE>13-MAR-1987 16:06:21.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0373&#31;reute
+d f BC-ARMATRON-&lt;ART>-NEGOTI   03-13 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMATRON &lt;ART> NEGOTIATES NEW CREDIT LINE</TITLE>
+<DATELINE>    MELROSE, Mass., March 13 - </DATELINE><BODY>Armatron International Inc said
+it negotiated a new seasonal line of credit with three lenders
+for 10 mln dlrs for working capital requirements to support its
+lawn and garden product line.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9961" NEWID="5048">
+<DATE>13-MAR-1987 16:06:58.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0375&#31;reute
+d f BC-LIFESTYLE-RESTAURANTS   03-13 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFESTYLE RESTAURANTS INC &lt;LIF> 1ST QTR JAN 24</TITLE>
+<DATELINE>    NEW YORK, March 13 -
+    </DATELINE><BODY>Shr loss 31 cts vs loss eight cts
+    Net loss 1,780,000 vs loss 449,000
+    Revs 13.9 mln vs 17.8 mln
+    NOTE: Current 1st qtr loss included a gain of 870,000 dlrs
+and 70,000 dlrs from the sale of restaurant leases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9962" NEWID="5049">
+<DATE>13-MAR-1987 16:07:06.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0376&#31;reute
+u f BC-TREASURY-BALANCES-AT   03-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED ROSE ON MARCH 12</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve rose on March 12 to 3.038 billion dlrs on March 12 from
+2.715 billion dlrs the previous business day, the Treasury said
+in its latest budget statement.
+    Balances in tax and loan note accounts fell to 7.623
+billion dlrs from 8.870 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 10.661
+billion dlrs on March 12 compared with 11.586 billion dlrs on
+March 11.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9963" NEWID="5050">
+<DATE>13-MAR-1987 16:07:38.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0379&#31;reute
+r f BC-SIERRA-HEALTH-SERVICE   03-13 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIERRA HEALTH SERVICES INC &lt;SIE> 4TH QTR LOSS</TITLE>
+<DATELINE>    LAS VEGAS, Nev., March 13 -
+    </DATELINE><BODY>Shr loss 52 cts vs profit six cts
+    Net loss 2,943,000 vs profit 334,000
+    Revs 33.5 mln vs 18.5 mln
+    Year
+    Shr loss 1.57 dlrs vs profit 16 cts
+    Net loss 8,781,000 vs profit 792,000
+    Revs 116.0 mln vs 56.5 mln
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9964" NEWID="5051">
+<DATE>13-MAR-1987 16:08:43.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0384&#31;reute
+d f BC-FIRECOM-INC-&lt;FRCM>-3R   03-13 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRECOM INC &lt;FRCM> 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 13 -
+    </DATELINE><BODY>Shr loss two cts vs profit two cts
+    Net loss 104,874 vs profit 90,470
+    Sales 3,154,673 vs 1,666,313
+    Nine mths
+    Shr loss one cent vs profit four cts
+    Net loss 39,169 vs profit 159,784
+    Sales 8,250,003 vs 4,665,553
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9965" NEWID="5052">
+<DATE>13-MAR-1987 16:09:02.87</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0385&#31;reute
+r f BC-BRAZIL-INDUSTRIAL-GRO   03-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL INDUSTRIAL PRODUCTION SLOWED IN JANUARY</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 13 - </DATELINE><BODY>Industrial output in January was
+6.09 pct above the same 1986 month after rising 6.71 pct in
+December, Brazilian Geography and Statistics Institute figures
+show.
+    The result is in line with the declining trend in the
+growth rate since October, the Institute said.
+    In the 12 months to end-January industrial production was
+10.48 pct above the 12 months to end-January last year, while
+in calendar 1986 output was 10.89 pct above 1985.
+    The biggest output rises in the 12 months to end-January
+were 23.68 pct in pharmaceuticals and 22.12 pct in machinery.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9966" NEWID="5053">
+<DATE>13-MAR-1987 16:10:20.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0389&#31;reute
+s f BC-WHEELING-AND-LAKE-ERI   03-13 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHEELING AND LAKE ERIE RAILWAY CO &lt;WLE> DIV</TITLE>
+<DATELINE>    ROANAKE, Va., March 13 - 
+    </DATELINE><BODY>Qtly div 1.4375 dlrs vs 1.4375 dlrs
+    Pay May 1  
+    Record April 3     
+    Note: Dividend paid to all shareholders other than Norfolk
+Southern Corp's &lt;NSC> Norfolk and Western Railway Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9967" NEWID="5054">
+<DATE>13-MAR-1987 16:10:59.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0391&#31;reute
+s f BC-GENERAL-CINEMA-CORP-&lt;   03-13 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL CINEMA CORP &lt;GCN> CLASS B DIVIDEND</TITLE>
+<DATELINE>    CHESTNUT HILL, Mass., March 13 - 
+    </DATELINE><BODY>Qtly div class B 13.5 cts vs 13.5 cts
+    Pay April 30
+    Record April 9   
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9968" NEWID="5055">
+<DATE>13-MAR-1987 16:11:18.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0393&#31;reute
+u f BC-labatt   03-13 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;JOHN LABATT LTD> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    TORONTO, March 13 -
+    </DATELINE><BODY>Shr 36 cts vs 31 cts
+    Shr diluted 32 cts vs 30 cts
+    Net 26,158,000 vs 21,798,000
+    Revs 1.05 billion vs 844.2 mln
+    Nine mths
+    Shr 1.28 dlrs vs 1.22 dlrs
+    Shr diluted 1.15 dlrs vs 1.08 dlrs
+    Net 92,779,000 vs 77,971,000
+    Revs 3.16 billion vs 2.70 billion
+    Avg shrs 72.4 mln vs 64.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9969" NEWID="5056">
+<DATE>13-MAR-1987 16:12:28.42</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>sudan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0394&#31;reute
+u f BC-SUDAN-RECEIVES-50-MLN   03-13 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUDAN RECEIVES 50 MLN DLRS IN PL480 AUTHORITY</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Authorizations to purchase 50 mln
+dlrs worth of U.S. wheat and wheat flour under Public Law 480
+were issued to Sudan today, the Agriculture Department said.
+    The authorization provides for 34 mln dlrs -- about 309,000
+tonnes -- worth of wheat, grade U.S. number two or better
+(except durum which shall be number three or better).
+    It also provides for 16 mln dlrs -- about 73,000 tonnes --
+worth of wheat flour.
+    The contracting period for both commodities is March 20
+through August 31, 1987. The delivery period for wheat is March
+20 through September 30, 1987 and for wheat flour is April 10
+through SEptember 30, 1987, USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9970" NEWID="5057">
+<DATE>13-MAR-1987 16:14:48.69</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0399&#31;reute
+r f BC-TRADE-BILL-TO-CHANGE   03-13 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE BILL TO CHANGE AGRICULTURE TRADE LAWS</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The House Ways and Means Committee
+is moving toward passage of a trade bill that sponsors said was
+intended to help open foreign markets to U.S. agricultural
+goods and to modify some U.S. agricultural trade laws.
+    The trade subcommittee voted to require President Reagan to
+take into account the potential harm to U.S. agricultural
+exports of any trade retaliation he might impose for foreign
+unfair trade practices against other domestic industries.
+    The bill would allow U.S. agricultural producers to seek
+government monitoring of imports if there is a reasonable
+chance the industry would be harmed by an import surge.
+    The full Ways and Means Committee is to consider the bill
+next week and congressional sources said they expect it will be
+approved.
+     In investigations involving a processed agricultural
+product, trade associations of processors or producers would
+have to petition for relief from foreign dumping or unfair
+duties.
+     The bill sets out U.S. trade negotiating objectives for
+the Uruguay round of talks under the General Agreement on
+Tariffs and Trade. It would seek fair trade in agriculture,
+seek to discipline restrictive or trade distorting import and
+export practices, to eliminate tariffs, subsidies, quotas and
+non-tariff barriers.
+     President Reagan's authority to negotiate a new GATT
+agreement would be extended through January 1993 and authority
+to negotiate a free trade zone with Canada would be extended
+through January 3, 1991.
+    The bill extends Reagan's authority to negotiate an
+international coffee agreement through October 31, 1989.
+    It allows a refund of import duties paid on raw sugar
+imported from November 1, 1977 to March 31, 1985 for production
+of sugar or products containing sugar and destined for
+re-export. The export of the sugar or products must occur
+before Octoer 1, 1991.
+    Presently, to qualify for the refund the sugar must be
+processed within three years after import and exported within
+five years.
+    Agriculture would also benefit from more rapid decisions in
+complaints of unfair foreign trade practices or injury from
+imports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9971" NEWID="5058">
+<DATE>13-MAR-1987 16:15:15.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0400&#31;reute
+r f BC-AMERICAN-CITY-&lt;AMBJ>   03-13 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CITY &lt;AMBJ> SETS INITIAL PREFERRED DIV</TITLE>
+<DATELINE>    KANSAS CITY, Mo. - March 13 - </DATELINE><BODY>American City Business
+Journals Inc said it declared an initial dividend of 15.4 cts a
+share on its recent issue of 1.6 mln shares of convertible
+exchangeable preferred stock.
+    The dividend is payable March 31 to shareholders of record
+March 20, American City said, adding that future dividends will
+be paid on a quarterly basis.
+    The preferred stock was issued on February 23.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9972" NEWID="5059">
+<DATE>13-MAR-1987 16:16:39.20</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0405&#31;reute
+f f BC-******U.S.-BUSINESS-L   03-13 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BUSINESS LOANS RISE 377 MLN DLRS IN MARCH 4 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9973" NEWID="5060">
+<DATE>13-MAR-1987 16:17:16.42</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0407&#31;reute
+b f US-BUSINESS-LOAN-FULLOUT   03-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUSINESS LOANS RISE 377 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Business loans on the books of major
+U.S. banks, excluding acceptances, rose 377 mln dlrs to 279.085
+billion dlrs in the week ended March 4, the Federal Reserve
+Board said.
+    The Fed said that business loans including acceptances
+increased 484 mln dlrs to 281.546 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9974" NEWID="5061">
+<DATE>13-MAR-1987 16:22:34.56</DATE>
+<TOPICS><D>wpi</D><D>gas</D><D>nat-gas</D><D>crude</D><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A Y
+&#22;&#22;&#1;f0420&#31;reute
+r f BC-U.S.-PRODUCER-ENERGY   03-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PRODUCER ENERGY PRICES RISE IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Prices of wholesale finished energy
+goods in the United States were up in February, rising by 4.0
+pct after a 9.8 pct rise in January, the Labor Department said.
+    The Producer Price Index for finished energy goods has
+fallen 20.9 pct in the past 12 months.
+    Heating oil prices rose 3.0 pct in February after a 18.0
+pct rise in January, the department said.
+    Gasoline prices rose by 5.5 pct last month after a 15.7
+pct January rise, the department said. Natural gas prices rose
+1.8 pct after a 4.2 pct rise in January.
+    Energy goods at the intermediate stage of processing rose
+2.7 pct in February after rising 3.5 pct in January and were
+down 16.1 pct over the past 12 months, the Labor Department
+said.
+    Prices for crude energy goods, such as crude oil, coal and
+gas at the wellhead, rose 2.6 pct last month after a 10.0 pct
+January rise. They were down 11.6 pct from February 1986, the
+department said.
+     At the intermediate stage, liquefied petroleum gas prices
+rose 10.1 pct last month after a 5.0 pct January rise and were
+41.0 pct below prices a year earlier, the department said.
+    Residual fuel prices rose 16.7 pct in February after a 13.4
+pct rise a month earlier and were off 17.4 pct in 12 months.
+    Electric power prices fell 0.3 pct last month, after a 1.3
+pct January decline, and were down 3.6 pct from a year ago.
+    Crude oil prices rose 4.4 pct in February, after a 19.7 pct
+January rise and were off 21.3 pct from the year ago level.
+    Prices of natural gas at the wellhead rose 1.8 pct in
+February after rising 4.2 pct a month earlier and were 14.8 pct
+lower than they were 12 months earlier, the department said.
+    Coal costs were down 0.3 pct last month after rising 0.4
+pct in January and were down 0.8 pct from a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9975" NEWID="5062">
+<DATE>13-MAR-1987 16:23:07.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0423&#31;reute
+b f BC-******WEYERHAEUSER-CO   03-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WEYERHAEUSER SAID IT SEES SIGNIFICANT INCREASES IN EARNINGS IN 1987
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9976" NEWID="5063">
+<DATE>13-MAR-1987 16:26:35.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>paraguay</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0431&#31;reute
+r f BC-BANK-OF-AMERICA-&lt;BAC>   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF AMERICA &lt;BAC> SEEKS TO QUIT PARAGUAY</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>BankAmerica Corp is seeking a buyer
+for its branch in Asuncion, Paraguay, a spokesman in Miami for
+the bank holding company said.
+    "We are in ongoing negotiations for the sale of our
+Paraguay operations," the spokesman said. He declined to name
+the possible buyer.
+    A sale of the Paraguayan operations, which employ about 80
+people, would be consistent with Bank of America's strategy of
+concentrating its international efforts on wholesale banking,
+he added. The bank has sold operations in a number of countries
+recently, including Italy and Sri Lanka.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9977" NEWID="5064">
+<DATE>13-MAR-1987 16:27:23.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0437&#31;reute
+r f '--GE-&lt;GE>-GETS-474.5-ML   03-13 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> GETS 474.5 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>General Electric Co has received a
+474.5 mln dlr contract for 172 F-110-GE-100 fighter jet engines
+and 32 other jet engines, the Air Force said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9978" NEWID="5065">
+<DATE>13-MAR-1987 16:28:15.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0441&#31;reute
+r f BC-GENERAL-HOST-&lt;GH>-TO   03-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL HOST &lt;GH> TO APPEAL COURT RULING</TITLE>
+<DATELINE>    STAMFORD, Conn., March 13 - </DATELINE><BODY>General Host Corp said a
+federal district judge in Wichita, Kan., affirmed a preliminary
+1984 ruling that the company's Amerian Salt Co unit polluted
+groundwater near a plant in Lyons, Kan.
+    The company said it would appeal the ruling, which calls
+for actual damages of 3.1 mln dlrs and punitive damages of 10
+mln dlrs.
+    General Host believes it has strong grounds for a reversal
+of the ruling. It reiterated that it is not including a
+provision for losses in its financial statements.
+    American Salt, part of General Host's AMS Industries Inc
+unit, has agreed with the State of Kansas to carry out an
+effective clean-up plan, the company said.
+    In the current ruling, Federal Judge Cecil Miller affirmed
+his August 1984 preliminary ruling.
+    The suit was brought in 1977 by a group of local
+landowners, a General Host spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9979" NEWID="5066">
+<DATE>13-MAR-1987 16:29:46.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0448&#31;reute
+d f BC-MOBIL-&lt;MOB>-GETS-107.   03-13 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> GETS 107.2 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Mobil Oil Corp has received a 107.2
+mln dlr contract for jet fuel, the Defense Logistics Agency
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9980" NEWID="5067">
+<DATE>13-MAR-1987 16:31:43.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0454&#31;reute
+h f BC-IOMEGA-&lt;IMOG>-PRESIDE   03-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IOMEGA &lt;IMOG> PRESIDENT RESIGNS FOR NEW POST</TITLE>
+<DATELINE>    ROY, Utah, March 13 - </DATELINE><BODY>Iomega Corp said its president,
+Gabriel Fusco, resigned as president to become chairman and
+chief executive officer of &lt;Sequoia Systems>.
+    Fusco was president and chief executive officer of Iomega
+between April 1983 and January 1987, and will remain on the
+company's board of directors.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9981" NEWID="5068">
+<DATE>13-MAR-1987 16:33:42.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0461&#31;reute
+f f BC-varity   03-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VARITY EXPECTS TO REPORT 4TH QTR AND FULL-YEAR 1986 LOSS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9982" NEWID="5069">
+<DATE>13-MAR-1987 16:36:20.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0467&#31;reute
+r f BC-GUILFORD-MILLS-&lt;GFD>   03-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUILFORD MILLS &lt;GFD> TO SELL CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Guilford Mills Inc said it filed with
+the Securities and Exchange Commission a registration statement
+covering a 60 mln dlr issue of convertible subordinated
+debentures.
+    Proceeds will be used to repay certain indebtedness and
+increase working capital, as well as for general corporate
+purposes.
+    Guilford Mills said it expects the issue will be offered
+later this month. The company named Bear, Stearns and Co as
+lead underwriter of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9983" NEWID="5070">
+<DATE>13-MAR-1987 16:38:23.43</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0474&#31;reute
+r f BC-AFTER-G-6,-ROUND-ONE   03-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFTER G-6, ROUND ONE GOES TO CENTRAL BANKS</TITLE>
+<AUTHOR>    By Claire Miller, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Central banks have easily beaten back
+the foreign exchange market's first test of the industrialized
+nations' recent pact to stabilize currencies, analysts said.
+    In active trading this week, the market pushed the dollar,
+sterling, the Canadian dollar and Australian dollar higher. But
+operators got their fingers burned as one by one the central
+banks signalled their displeasure.
+    "So far G-6 has been a roaring success,"said James O'Neill,
+financial markets economist at Marine Midland Bank NA.
+    "The central banks are sending strong signals that they
+won't tolerate any kind of momentum building behind
+currencies," added a senior corporate trader at one U.K. bank.
+    On February 22, the finance ministers and central bank
+governors of the U.S., Japan, West Germany, France and the U.K.
+-- the Group of Five -- plus Canada, signed an accord under
+which they agreed to cooperate closely to foster stability of
+exchange rates around prevailing levels.
+    The agreement was viewed by many in the market as an
+attempt to put a floor under the dollar after its sizeable
+two-year decline against major world currencies.
+    And initially, traders indicated their respect for the
+accord by refraining from pushing the dollar lower.
+    But by Wednesday, the dollar climbed to more than 1.87
+marks, about five pfennigs above its levels the Friday before
+the G-6 accord.
+    The move was aided by indications that the U.S. economy
+picked up steam in February at the same time as the West German
+economy was regressing.
+    But dealers said the Federal Reserve Bank of New York gave
+traders a sharp reminder that the G-6 pact had encompassed the
+idea of limiting inordinate dollar gains as well as declines.
+    Dealers differed as to whether the U.S. central bank
+actually intervened to sell dollars above 1.87 marks, or simply
+telephoned dealers to ask for quotes and enquire about trading
+conditions.
+    But the dollar quickly backed off. It hovered today around
+1.85 marks. "The market was surprised that the Fed showed its
+face so soon," said Marine Midland NA's O'Neill.
+    Also on Wednesday, London dealers said the Bank of England
+intervened in the open market to sell sterling as the U.K.
+currency rose to 1.60 dlrs compared with 1.5355 dlrs before the
+G-6 pact.
+    Sterling, along with the other high-yield currencies like
+the Australian dollar and Canadian dollar, was in favor after
+traders surmised that the the chance of intervention pursuant
+to the Paris currency accord left limited room for profit plays
+on dollar/mark and dollar/yen.
+    The pound also was boosted by suggestions of an improving
+U.K. economy, anticipation of a popular British budget on March
+17 and public opinion polls showing good chances for the
+incumbent Conservative party in any general election.
+    "There was a real run on sterling," said Anne Mills of
+Shearson Lehman Brothers Inc.
+    Sterling traded today around 1.5750 dlrs, down from 1.5870
+dlrs last night. It slid to 2.917 marks from 2.950 yesterday
+and from a peak of about 2.98 recently. "There's been some
+heavy profit-taking on sterling/mark ahead of next Tuesday's
+U.K. budget," said James McGroarty of Discount Corp.
+    As speculators detected the presence of the U.S. and
+British central banks, they acclerated their shift into
+Canadian and Australian dollars. But here too they were
+stymied. The Bank of Canada acted to slow its currency's rise.
+    The Canadian dollar traded at 1.3218/23 per U.S. dollar
+today, down from 1.3185/90 yesterday.
+    And the Australian Reserve Bank, using the Fed as agent,
+sold Australian dollars in the U.S. yesterday, dealers said.
+    The Australian dollar fell to a low of 67.45/55 U.S. cents
+today from a high of 69.02 Thursday.
+    Analysts said the central banks' moves to stifle sudden
+upward movement, leave the market uncertain about its next
+step. Today, the focus shifted to the yen which has held to a
+very tight range against the dollar for several months.
+    The dollar fell to 152.35/40 yen from 153.35/40 last night.
+Analysts said the yen also gained as traders unwound long
+sterling/short mark positions established lately.
+    "Because of the change in perceptions about the health of
+the German economy, the funds from those unwinding operations
+are ending up in yen," a dealer at one U.K. bank said.
+    Recent West German data have shown falling industry orders,
+lower industrial output and slowing employment gains.
+    Moreover, the yen is benefitting as Japanese entities who
+have invested heavily overseas, for example in Australian
+financial instruments, repatriate their profits ahead of the
+end of the Japanese fiscal year on March 31.
+    Noting that the dollar/yen rate is in a sense the most
+controversial one because of the large U.S. trade deficit with
+Japan, analysts said the stage could be set for another test of
+the dollar's downward scope against the Japanese currency.
+    In its latest review of the foreign exchange market through
+the end of January, the Federal Reserve revealed that it
+intervened to protect the dollar against the yen on January 28.
+On that day, the dollar fell as low as 150.40 yen.
+    "Sure, the Fed bought dollars near the 150 yen level in
+January. But the market has to bear in mind that time marches
+on and the situation changes," said McGroarty of Discount.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9984" NEWID="5071">
+<DATE>13-MAR-1987 16:38:48.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0477&#31;reute
+u f BC-WEYERHAEUSER-&lt;WY>-SEE   03-13 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEYERHAEUSER &lt;WY> SEES HIGHER 1987 EARNINGS</TITLE>
+<DATELINE>    TACOMA, Wash., March 13 - </DATELINE><BODY>Weyerhaeuser Co said it should
+have significant increases in earnings in 1987 and 1988 should
+be another very good year.
+    Weyerhaeuser reported 1986 earnings of 276.7 mln dlrs, or
+1.91 dlrs per share, on 5.65 billion dlrs in revenues.
+    Anticipated improved cash flows will allow the company to
+invest and acquire much more aggressively than it has in the
+past few years, Weyerhaeuser also said.
+    Weyerhaeuser, principally a lumber products company, said
+the forecast was made by the company's chief financial officer
+during a meeting of institutional investors in Tokyo.
+    It also said its expects to see opportunities in the
+building products area, particularly in composite panels and in
+other engineered products directed toward specific, rather than
+commodity, end-use markets.
+    But it said growth may be higher in added-value products,
+in financial services and in other diversified businesses.
+    In addition, the company said rising product prices and
+demand for pulp and paper are reflected in all the major world
+markets, except in the case of some light-weighted paper grades
+where overcapacity remains a problem.
+    Weyerhaeuser further stated that it has lowered its
+manufacturing cost structure and is obtaining significant
+productivity increases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9985" NEWID="5072">
+<DATE>13-MAR-1987 16:39:53.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0478&#31;reute
+r f BC-LDBRINKMAN-CORP-&lt;LDBC   03-13 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LDBRINKMAN CORP &lt;LDBC> 2ND QTR JAN 31 LOSS</TITLE>
+<DATELINE>    KERRVILLE, Tex., March 13 -
+    </DATELINE><BODY>Shr loss seven cts vs profit 12 cts
+    Net loss 662,000 vs profit 1,520,000
+    Revs 59.1 mln vs 63.1 mln
+    Six mths
+    Shr profit 23 cts vs profit 20 cts
+    Net profit 2,802,000 vs profit 2,543,000
+    Revs 138.5 mln vs 126.7 mln
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9986" NEWID="5073">
+<DATE>13-MAR-1987 16:40:21.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0480&#31;reute
+r f BC-GENERAL-ELECTRIC-&lt;GE>   03-13 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC &lt;GE> TO REDEEM RCA CORP NOTES</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>General Electric Co said it will
+redeem on May 1 RCA Corp's 75 mln dlrs of 11-1/2 pct notes due
+1990.
+    General Electric is the successor obligator to RCA.
+    GE said it will buy back the notes at par plus accrued
+interest to, but not including, May 1. No further interest will
+accrue on the notes after the redemption date.
+    Bankers Trust Co is trustee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9987" NEWID="5074">
+<DATE>13-MAR-1987 16:40:35.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0482&#31;reute
+r f BC-AMERICAN-BRANDS-INC-&lt;   03-13 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN BRANDS INC &lt;AMB> FILES WITH SEC</TITLE>
+<DATELINE>    OLD GREENWICH, Conn., March 13 - </DATELINE><BODY>American Brands Inc said
+it filed with the Securities and Exchange Commission its
+financial statements for fiscal 1986 in connection with its
+previously announced offering outside the U.S. of its 50 mln
+stg 9-1/2 pct notes due 1994.
+    American Brands said the notes are not to be sold in the
+U.S. or to a U.S citizen.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9988" NEWID="5075">
+<DATE>13-MAR-1987 16:40:47.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f0483&#31;reute
+u f BC-SPENDTHRIFT-FARM-&lt;SFI   03-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPENDTHRIFT FARM &lt;SFI> TO MISS NOTE PAYMENT</TITLE>
+<DATELINE>    LEXINGTON, Ky., March 13 - </DATELINE><BODY>Spendthrift Farm Inc said it
+will miss the 1,875,000 dlr March 16 interest payment on its 30
+mln dlrs of 12.5 pct senior subordinated notes due 1994.
+    It said it is currently holding talks with its creditors
+about a possible debt restructuring. The company said it
+expects to finalize an agreement before the end of the 30 day
+grace period on April 14. If it fails to make an agreement by
+that date, it will default on the notes.
+    The company also said it is holding talks with its bank
+creditors and expects a restructuring agreement soon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9989" NEWID="5076">
+<DATE>13-MAR-1987 16:42:14.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0490&#31;reute
+d f BC-ACS-ENTERPRISES-INC-&lt;   03-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACS ENTERPRISES INC &lt;ACSE> 4TH QTR LOSS</TITLE>
+<DATELINE>    BENSALEM, Pa., March 13 -
+    </DATELINE><BODY>Shr loss two cts vs profit three cts
+    Net loss 80,333 vs profit 67,967
+    Revs 1,162,678 vs 1,009,731
+    Avg shrs 3,317,104 vs 2,494.049
+    year
+    Shr loss 21 cts vs profit four cts
+    Net loss 679,520 vs profit 96,724
+    Revs 4,191,540 vs 4,702,999
+    Avg shrs 3,242,641 vs 2,525,677
+    NOTES: Revenues exclude hospital television rental business
+sold Dec 29, 1986
+    1986 losses in both periods include gain of 530,000 dlrs on
+sale of discontinued business
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9990" NEWID="5077">
+<DATE>13-MAR-1987 16:42:22.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0491&#31;reute
+d f BC-TONY-LAMA-&lt;TLAM>-TO-B   03-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TONY LAMA &lt;TLAM> TO BUY &lt;COULSON OF TEXAS INC></TITLE>
+<DATELINE>    EL PASO, Texas, March 13 - </DATELINE><BODY>Tony Lama Co Inc said it signed
+a letter of intent to buy Coulson of Texas Inc, a maker of
+heels and leather components.
+    The company said exact terms of the deal have not been
+determined but that it does not expect the acquisition to have
+a material effect on its financial position.
+    In addition to buying substantially of all Coulson's
+assets, Tony Lama said it would assume certain of the company's
+liabilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9991" NEWID="5078">
+<DATE>13-MAR-1987 16:43:11.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0495&#31;reute
+w f BC-TO-FITNESS-INC-&lt;TFIT>   03-13 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TO-FITNESS INC &lt;TFIT> YEAR DEC 31 LOSS</TITLE>
+<DATELINE>    BAR HARBOUR ISLAND, Fla., March 13 - 
+    </DATELINE><BODY>Shr loss 89 cts vs loss 21 cts
+    Net loss 3,030,548 vs loss 548,442
+    Revs 1,519,360 vs 1,081,915
+    Avg shrs 3,399,993 vs 2,725,425
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9992" NEWID="5079">
+<DATE>13-MAR-1987 16:43:18.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0496&#31;reute
+f f BC-CANADA-DECEMBER-BUDGE   03-13 0020</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA DECEMBER BUDGET DEFICIT FALLS TO 2.01 BILLION DLRS FROM 2.27 BILLION YEAR EARLIER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9993" NEWID="5080">
+<DATE>13-MAR-1987 16:43:43.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0499&#31;reute
+d f BC-TRIBUNE-&lt;TRB>-COMPLET   03-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIBUNE &lt;TRB> COMPLETES CABLE SYSTEM SALE</TITLE>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>Tribune Co said it completed the sale
+of the Danville, Va., cable television system to Cablevision
+Industries Ltd Partnership, affiliated with Cablevision
+Industries Inc of Liberty, N.Y.
+    It said the Danville system was one of two systems acquired
+by Tribune on September 30, 1986 as part of its purchase of The
+Daily Press Inc, publisher of the Newport News Daily Press and
+The Times-Herald. Agreements to sell both systems for a total
+of 100 mln dlrs were reached in October.
+    Sale of the Newport News system was completed in December.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9994" NEWID="5081">
+<DATE>13-MAR-1987 16:45:07.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0505&#31;reute
+d f BC-GTE-&lt;GTE>-UNIT-TO-SEL   03-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE &lt;GTE> UNIT TO SELL INFORTEXT PRODUCTS</TITLE>
+<DATELINE>    SCHAUMBURG, Ill., March 13 - </DATELINE><BODY>Infortext Systems Inc said it
+finalized a two-year agreement under which GTE Services Corp
+and eight affiliates will sell Infortext's line of personal
+computer-based telephone call accounting systems.
+    GTE Services, a unit of GTE Corp, evaluated 23 competitive
+call accounting systems, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9995" NEWID="5082">
+<DATE>13-MAR-1987 16:45:15.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0506&#31;reute
+d f BC-SHEPPARD-RESOURCES-TO   03-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHEPPARD RESOURCES TO MERGE WITH CANCER CLINIC</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla, March 13 - </DATELINE><BODY>Sheppard Resources Inc
+said it signed a letter of intent to merge with Breast Centers
+Inc, an owner, operator and franchiser of clinics that provide
+services for the early detection of breast cancer.
+    Terms were not disclosed.
+    After the merger, Breast Centers shareholders would become
+the majority shareholders of the combined company.
+    Also, if approved, Sheppard will change its name to Breast
+Centers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9996" NEWID="5083">
+<DATE>13-MAR-1987 16:45:43.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0509&#31;reute
+s f BC-FIRSTIER-INC-&lt;FRST>-S   03-13 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRSTIER INC &lt;FRST> SETS REGULAR QUARTERLY DIV</TITLE>
+<DATELINE>    OMAHA, Neb., March 13 - 
+    </DATELINE><BODY>Qtly div 27.5 cts vs 27.5 cts prior
+    Pay March 31
+    Record March 25
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9997" NEWID="5084">
+<DATE>13-MAR-1987 16:45:52.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0510&#31;reute
+r f BC-ZONDERVAN-CORP-&lt;ZOND>   03-13 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZONDERVAN CORP &lt;ZOND> 4TH QTR NET</TITLE>
+<DATELINE>    GRAND RAPIDS, Mich., March 13 - 
+    </DATELINE><BODY>Shr profit nil vs profit 38 cts
+    Net profit 19,000 vs profit 1,239,000
+    Revs 31.7 mln vs 31.2 mln
+    12 mths
+    Shr profit 52 cts vs loss three cts
+    Net profit 2,173,000 vs loss 119,000
+    Revs 103.5 mln vs 98.6 mln
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9998" NEWID="5085">
+<DATE>13-MAR-1987 16:45:59.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0511&#31;reute
+s f BC-UNIBANCORP-INC-&lt;UBCP>   03-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIBANCORP INC &lt;UBCP> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    CHICAGO, March 13 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts previously
+    Pay April 15
+    Record March 23
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9999" NEWID="5086">
+<DATE>13-MAR-1987 16:46:53.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0512&#31;reute
+s f BC-SECOND-NATIONAL-BUILD   03-13 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECOND NATIONAL BUILDING &lt;SNBL> RAISES DIVIDEND</TITLE>
+<DATELINE>    SALISBURY, Md., March 13 -
+    </DATELINE><BODY>Qtrly seven cts vs six cts
+    Pay April 20
+    Record March 31
+    NOTE: full name of company is Second National Building and
+Loan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10000" NEWID="5087">
+<DATE>13-MAR-1987 16:48:30.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0517&#31;reute
+u f BC-SPAIN-LIBERALISES-SOM   03-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN LIBERALISES SOME EXCHANGES CONTROLS</TITLE>
+<DATELINE>    MADRID, March 13 - </DATELINE><BODY>The Bank of Spain said it approved a
+package of measures liberalising some exchange controls and
+easing some restrictions on the raising of foreign funds.
+    It said in a statement that the circulars were the latest
+steps to deregulate Spain's financial sector -- a move
+triggered by entry into the European Community (EC) a year ago.
+    A Bank of Spain spokesman said in response to an enquiry
+from Reuters that the new measures were not yet in force and
+added that he could not say when they would take effect.
+    The statement said one measure meant that residents in
+Spain would now be able to borrow up to the equivalent of 1.5
+billion pesetas from abroad, providing that the average length
+of the loans was at least one year, that the borrower was not a
+Spanish branch of a non-resident lending agent, and that the
+loan was denominated in a currency traded in Spain, in
+convertible pesetas or in European Currency Units (ECUS).
+    All foreign loans not approved under those rules will be
+approved automatically if the Bank of Spain does not
+specifically reject applications within 15 days of receiving
+them.
+    The statement said another measure frees most of the
+restrictions on how banks can capture foreign funds and lend
+them.
+    The existing limit on foreign obligations of three times
+the value of capital and reserves of a borrower bank is
+abolished, although the Bank of Spain will continue to monitor
+the banks' obligations.
+    Restrictions on the maximum time difference between the
+maturity of foreign assets and obligations are also abolished
+and regulations governing risk by country are loosened.
+    The latest measures follow recent moves to abolish the
+maximum interest rates banks can offer for some peseta funds
+and the lifting of restrictions on investments abroad by
+Spaniards.
+    The government has also allowed foreign companies to be
+quoted on Spanish stock exchanges and has promised further
+reforms of the domestic financial system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10001" NEWID="5088">
+<DATE>13-MAR-1987 16:50:11.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0526&#31;reute
+d f BC-SOUTHWESTERN-&lt;SBC>-OP   03-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWESTERN &lt;SBC> OPPOSES BAN ON SERVICES</TITLE>
+<DATELINE>    ST. LOUIS, MO., March 13 - </DATELINE><BODY>Southwestern Bell Corp said it
+opposes the Department of Justice recommendation that regional
+holding companies be banned from offering interexchange
+services within their regions.
+    Southwestern Bell said state regulators should decide
+whether regional holding companies are allowed to provide the
+service, according to a brief filed in U.S. district court in
+Washington outlining the company's position.
+    The company contends there is little likelihood competition
+would be hampered, according to the brief.
+     Southwestern Bell supports the Justice Department's
+recommendation to lift bans on information services and
+equipment manufacturing, and to allow regional holding
+companies to enter non-telecommunications businesses, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10002" NEWID="5089">
+<DATE>13-MAR-1987 16:54:35.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0540&#31;reute
+r f BC-BROADVIEW-FINANCIAL-C   03-13 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROADVIEW FINANCIAL CORP &lt;BDVF> 4TH QTR LOSS</TITLE>
+<DATELINE>    CLEVELAND, March 13 -
+    </DATELINE><BODY>Shr loss 5.67 dlrs vs loss 5.17 dlrs
+    Net loss 17 mln vs loss 15.4 mln
+    Year
+    Shr loss 12.42 dlrs vs loss 9.60 dlrs
+    Net loss 37.0 mln vs loss 28.5 mln
+    NOTE: 1986 4th qtr and year net includes 11.9 mln dlr and
+43.8 mln dlr provision, respectively, for possible land and
+real estate losses. 1985 4th qtr and year net includes 5.1 mln
+dlr and 13.4 mln dlr provision, respectively, for possible
+losses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10003" NEWID="5090">
+<DATE>13-MAR-1987 16:55:03.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0542&#31;reute
+d f BC-ENZO-BIOCHEM-INC-&lt;ENZ   03-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENZO BIOCHEM INC &lt;ENZO> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    NEW YORK, March 13 -
+    </DATELINE><BODY>Shr one ct vs three cts
+    Net 123,000 vs 371,000
+    Revs 2,944,000 vs 2,138,000
+    Avg shrs 11.4 mln vs 11.6 mln
+    Six mths
+    Shr five cts vs six cts
+    Net 531,000 vs 725,000
+    Revs 6,200,000 vs 4,128,000
+    Avg shrs 11.4 mln vs 11.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10004" NEWID="5091">
+<DATE>13-MAR-1987 16:55:27.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0543&#31;reute
+u f BC-TENDER-FOR-ALLEGHENY   03-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENDER FOR ALLEGHENY INT'L &lt;AG> UNDERWAY</TITLE>
+<DATELINE>    PITTSBURGH, March 13 - </DATELINE><BODY>First Boston Inc's &lt;FBC> Sunter
+Acquisition Corp said it began its previously announced 24.60
+dlr per share tender offer for Allegheny International Inc's
+common stock.
+    The company is also offering 20 dlrs for each 2.19 dlr
+cumulative preferred share, and 87.50 dlrs for each share of
+11.25 dlr convertible preferred stock.
+    The company said the offer and withdrawal rights will
+expire at midnight April nine unless extended.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10005" NEWID="5092">
+<DATE>13-MAR-1987 17:02:40.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0560&#31;reute
+b f BC-VARITY-&lt;VAT>-EXPECTS   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARITY &lt;VAT> EXPECTS 4TH QTR, FULL-YEAR LOSS</TITLE>
+<DATELINE>    TORONTO, March 13 - </DATELINE><BODY>Varity Corp, formerly Massey-Ferguson
+Ltd, said it expected to report on March 25 a loss for the
+fourth quarter and full-year ended January 31.
+    A company spokesman said specific figures were unavailable.
+    Varity posted a net profit of 3.9 mln U.S. dlrs for the
+previous fiscal year ended January 31, 1986 and a 3.3 mln dlr
+net profit for the previous fourth quarter. Its net loss for
+the nine months ended October 31 totaled 4.7 mln dlrs after a
+19.7 mln dlr third quarter loss tied to strikes and plant
+shutdowns at its British and French operations.
+    Varity also said it would seek shareholder approval at a
+special shareholders' meeting on April 9 to authorize a
+transfer of values to the contributed surplus account on its
+balance sheet from the stated capital account for common
+shares.
+    The spokesman said the move would help raise company values
+required to pay dividends under Canadian law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10006" NEWID="5093">
+<DATE>13-MAR-1987 17:03:29.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0564&#31;reute
+r f BC-HEALTHCARE-INTERNATIO   03-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHCARE INTERNATIONAL &lt;HII> GETS FUNDING</TITLE>
+<DATELINE>    AUSTIN, Tex., March 13 - </DATELINE><BODY>Healthcare International Inc said
+it completed two financial transactions with HealthVest &lt;HVT>,
+a health care real estate investment trust.
+    The company said the first entailed receiveing
+approximately 11 mln dlrs through a sale and leaseback
+arrangement on the property of Austin Diagnostic Clinic, which
+it acquired in December 1986.
+    The company also said it received 33 mln dlrs in financing
+on its Healthcare Medical Center of Tustin in Orange County,
+Calif. The funds will be used to repay floating indebtedness,
+the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10007" NEWID="5094">
+<DATE>13-MAR-1987 17:05:16.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0573&#31;reute
+u f BC-CABLEVISION-TO-BUY-VA   03-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABLEVISION TO BUY VALLEY CABLE FOR 100 MLN DLR</TITLE>
+<DATELINE>    LIBERTY, N.Y., March 13 - </DATELINE><BODY>&lt;Cablevision Industries Corp>
+said its Cablevision Industries of California Inc subsidiary
+has entered into an agreement to buy substantially all of the
+assets of Valley Cable TV for about 100 mln dlrs.
+    The company said it will buy the system from a California
+limited partnership, which is wholly-owned by Toronto-based
+&lt;Hollinger Inc>.
+    It said Valley Cable operates a 60,000 subscriber cable
+television systems passing about 180,000 homes in the west San
+Fernando Valley area of Los Angeles.
+    Cablevision said it is the nation's 21st largest cable
+company and is ownnd by Alan Gerry, its chairman, president and
+chief executive officer. The company said the agreement is
+subject to regulatory approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10008" NEWID="5095">
+<DATE>13-MAR-1987 17:08:07.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0581&#31;reute
+r f BC-anthes-industries-inc   03-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ANTHES INDUSTRIES INC> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 13 -
+    </DATELINE><BODY>Oper shr 16 cts vs nine cts
+    Oper net 2,281,000 vs 1,319,000
+    Revs not given
+    Year
+    Oper shr 13 cts vs six cts
+    Oper net 2,635,000 vs 1,775,000
+    Revs 31.9 mln vs 31.7 mln
+    Note: 1986 qtr excludes extraordinary loss of 1,155,000
+dlrs or nine cts share, versus gain of 607,000 dlrs or five cts
+shr
+    Note continued: 1986 year excludes extraordinary loss of
+3,101,000 dlrs or 25 cts share, versus extraordinary loss of
+265,000 dlrs or two cts share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10009" NEWID="5096">
+<DATE>13-MAR-1987 17:11:19.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0586&#31;reute
+r f BC-PUBCO-&lt;PUBO>-CHARIMAN   03-13 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBCO &lt;PUBO> CHARIMAN RESIGNS</TITLE>
+<DATELINE>    CLEVELAND, March 13 - </DATELINE><BODY>Pubco Corp said Maurice Saltzman had
+resigned as chairman and a director of the company, effective
+immediately, due to continuing health problems.
+    At the same time, it said Saltzman resigned as chairman and
+a director of its 32 pct owned Bobbie Brooks Inc &lt;BBKS>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10010" NEWID="5097">
+<DATE>13-MAR-1987 17:11:27.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0587&#31;reute
+r f BC-BORG-WARNER-&lt;BOR>-BOA   03-13 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORG-WARNER &lt;BOR> BOARD OKS SALE OF UNIT</TITLE>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>Borg-Warner Corp said its directors
+approved the sale, for about 240 mln dlrs, of its industrial
+products division to a New York-based private investment firm,
+Clayton and Dubilier Inc, and senior management of the group.
+    Yesterday, the company said it agreed to sell the division,
+which has annual sales of about 300 mln dlrs and is based in
+Long Beach, California.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10011" NEWID="5098">
+<DATE>13-MAR-1987 17:13:22.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0589&#31;reute
+r f BC-BRAZIL-TRUSTS-THERE-W   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL WARNS CREDITORS AGAINST RETALIATION</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 13 - </DATELINE><BODY>Central Bank president Francisco
+Gros said possible retaliation by Brazil's creditors would not
+be an intelligent measure because it would affect both sides.
+    "If our creditors considered retaliation, Brazil would lose
+its capacity to export, thus would never be able to pay its
+debt," Gros said in a news conference.
+    Gros said that during their 12-day globe-trotting tour of
+several countries, he and Finance Minister Dilson Funaro warned
+creditors that Brazil could no longer continue representing the
+role of merely an exporter of capital.
+    "We made it very clear to our creditors that we must find
+other means to pay our debt. We told them we wish to pay but
+that first we must make sure that the country grows," Gros said.
+    "We pointed out to them that in the last two years Brazil
+paid 24 billion dlrs just in interest rates, while only
+receiving two billion dlrs in new loans over a similar period."
+Gros reiterated that Brazil will not accept interference from
+the International Monetary Fund (IMF), as creditors suggested.
+    "The performance of the IMF over the years has not been
+convenient to our needs. It is an important institution, but we
+do not accept it to monitor our economy," he said.
+    "The banks would welcome us going to the IMF. We would
+welcome if they pardoned half our debt," Gros said.
+    Brazil announced suspension of interest payment of 68
+billion dlrs owed to commercial foreign banks on February 20.
+No deadline was established for the renewal of the payment.
+    "Our major commitment is with the country's growth.
+Therefore, we need more money to invest on new projects," Gros
+said.  He said that before the announcement of the suspension
+of interest payment, Brazil was paying about 500 mln dlrs a
+month to its commercial foreign creditors.
+    "We can say that at least we are saving some money," he said.
+    Gros said Brazil has not submitted specific proposals to
+creditors, and instead hopes that proposals would come through
+bilateral negotiations.
+    The Central Bank president said he will be going next week
+to Washington to take part in a meeting of the Inter American
+Development Bank .
+    In Brasilia, sources linked to the Presidency said Brazil
+was preparing a new program of economic readjustment to
+strengthen its negotiations on its 109 billion dlr foreign
+debt. The sources said the new program could be announced by
+the end of the month and calls basically for preservation of
+the country's growth.               
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10012" NEWID="5099">
+<DATE>13-MAR-1987 17:14:21.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0591&#31;reuter
+r f BC-U.S.-ACTION-AGAINST-E   03-13 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ACTION AGAINST EC MEAT PLAN URGED IN HOUSE</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The entire House Agriculture
+Subcommittee on Livestock, Dairy and Poultry has written U.S.
+Trade Representative Clayton Yeutter a letter urging the Reagan
+administration to block a European Community, EC, plan to
+tighten meat inspection requirements.
+    The letter signed by the 16 panel members said the EC plan
+to require U.S. meat processing plants to comply with EC
+standards would "impose an unnecessary and unfair hardship on
+the U.S. meat industry."
+    The EC plan is set to go into effect April 30.
+    "It would be inconceivable that we would allow the EC
+continued access to the U.S. market while they attempt to halt
+our meat exports to the EC," the March 9 letter said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10013" NEWID="5100">
+<DATE>13-MAR-1987 17:16:20.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0599&#31;reute
+d f BC-autrex-inc   03-13 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AUTREX INC> 1ST QTR JANUARY 31 NET</TITLE>
+<DATELINE>    TORONTO, March 13 -
+    </DATELINE><BODY>Shr one cts vs two cts
+    Net 50,000 vs 58,000
+    Revs 467,000 vs 760,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10014" NEWID="5101">
+<DATE>13-MAR-1987 17:17:47.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0600&#31;reute
+r f BC-HYTEK-MICROSYSTEMS-&lt;H   03-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYTEK MICROSYSTEMS &lt;HTEK> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    LOS GATOS, Calif., March 13 - </DATELINE><BODY>Hytek Microsystems Inc said
+its board accepted the resignation of President James Phalan at
+a special meeting held today.
+    Phalan, who had been president since the company was
+founded in 1974, resigned for personal reasons, Hytek said.
+    It also said Thomas Bay, Hytek's vice president for
+marketing, was appointed to the additional role of president
+and chief executive.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10015" NEWID="5102">
+<DATE>13-MAR-1987 17:26:27.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0607&#31;reute
+r f BC-southam-unit-acquires   03-13 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHAM UNIT ACQUIRES WINNIPEG COMMUNITY PAPERS</TITLE>
+<DATELINE>    TORONTO, March 13 - </DATELINE><BODY>&lt;Southam Inc> said its Flyer Force unit
+acquired three community newspapers in Winnipeg with a combined
+circulation of 65,000 for undisclosed terms.
+    Southam said the newspapers, The Herald, The Lance and
+Metro One, will be printed at its Canadian Publishers division
+in Winnipeg.
+    Flyer Force intends to expand distribution of the
+newspapers to begin improved service to the Winnipeg market,
+Southam said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10016" NEWID="5103">
+<DATE>13-MAR-1987 17:35:22.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0618&#31;reute
+u f BC-NYSE-SEES-NO-PROBLEM   03-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE SEES NO PROBLEM ON RULE 390 INTERPRETATION</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>The New York Stock Exchange sought to
+defuse a trans-Atlantic flap over whether member firms can
+trade stocks on London's electronic dealing system during New
+York trading hours.
+    "I don't know what the hub-bub is about," said Richard
+Torrenzano, NYSE spokesman. Some member firms had said they
+were worried that a strict interpretation of NYSE rule 390
+curtail trading when London closes its trading floor next year
+and all trading is done via electronic systems.
+    "If the British Parliament calls it a stock exchange,
+that's good enough for us," Torrenzano said.
+    Torrenzano did not see any conflict with rule 390 if
+members wanted to trade in London. The rule, in effect since
+the mid 1970's, says in part, "During NYSE trading hours a
+member, a member organization or affiliated person may trade as
+principal or agent in any listed stock on any organized
+exchange of which they are a member, in any foreign country at
+any time."
+    "The rule has not been changed, there is nothing new here,"
+he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10017" NEWID="5104">
+<DATE>13-MAR-1987 17:36:55.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0621&#31;reute
+b f BC-venezuela's-biggest-p   03-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>Venezuela's biggest private debtor faces default</TITLE>
+<AUTHOR>    By keith grant, Reuters</AUTHOR>
+<DATELINE>    Caracas, march 13 - </DATELINE><BODY>venezuela's biggest private company, la
+electricidad de caracas, will meet with bank creditors in new
+york on monday to discuss the danger of a  default on its 622
+mln dlr foreign debt, a company spokesman said.
+    "we are in an impossible situation. Unless we get
+government relief, the company will be bankrupt in three
+years," he told reuters.
+    La electricidad's problems stem from the government's
+december decision to set private debt payments at 7.50 bolivars
+per dollar instead of 4.3.
+    Company officials estimate that the currency change raised
+the debt to 4.67 billion bolivars from 2.67 billion. additional
+preferential dollar premiums put the total cost at 7.47
+billion, not including interest payments.
+    Under the government plan for repaying the 7.8 billion dlr
+private debt, the central bank will guarantee debtors their
+dollars at 7.5 with a premium of 4.50 per dollar.
+    La electricidad president francisco aguerrevere will meet
+his bank advisory committee, led by morgan guaranty, to explain
+that unless government assistance is forthcoming the company
+cannot meet its obligations.
+    La electricidad ceased principal payments under a five-year
+refinancing plan last year, althouigh interest has been paid,
+the officials said. They said exchange contracts, which the
+government no longer recognizes, were signed with the central
+bank for this refinancing at 4.3 per dollar.
+    The company spokesman said the new york meeting will be
+held to inform the committee, representing 72 banks, of the
+latest developments on efforts to lobby the government.
+    "the banks are anxious to know the situation on debt
+payments, but we can only tell them we are waiting for a
+government response to our proposals," he said.
+    La electricidad is seeking permission for a 50 pct rate
+increase, which officials say would bring in an extra 1.3
+billion bolivars this year.
+    The 30 pct tariff increase introduced in january will only
+bring in an extra 600 mln bolivars per year against additional
+debt costs of 900 mln.
+    Without relief, the company will incur losses of 287 mln
+bolivars this year, 556 mln in 1988, 733 mln in 1989 and 1.47
+billion in 1990. In 1990 the company would be decapitalized 874
+mln bolivars.
+    As alternatives to the rate increase, the company has also
+proposed allowing la electricidad a grace period on payment of
+the exchange risk premium to the central bank, a longer period
+to pay it, or a soft loan from the government.
+    The company spokesman said the government has not responded
+to the proposals and there have been no formal meetings since
+january.
+    "if these solutions are not agreed to, we face the final
+resort of either the government buying the debt or the company
+being nationalised," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10018" NEWID="5105">
+<DATE>13-MAR-1987 17:37:19.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0623&#31;reute
+r f BC-MLX-CORP-&lt;MLXX>-4TH-Q   03-13 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MLX CORP &lt;MLXX> 4TH QTR LOSS</TITLE>
+<DATELINE>    TROY, Mich., March 13 -
+    </DATELINE><BODY>Shr loss 12 cts vs profit one ct
+    Net loss 1,815,000 vs profit 65,000
+    Revs 59.9 mln vs 2,798,000
+    Avg shrs 15.8 mln vs 9,775,000
+    Year
+    Shr loss 11 cts vs loss three cts
+    Net loss 1,217,000 vs loss 324,000
+    Revs 83.3 mln vs 3,195,000
+    Avg shrs 11.2 mln vs 9,775,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10019" NEWID="5106">
+<DATE>13-MAR-1987 17:40:28.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0630&#31;reute
+d f BC-ENZO-BIOCHEM-&lt;ENZO>-C   03-13 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENZO BIOCHEM &lt;ENZO> CONTRACT PAYMENT WITHHELD</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Enzo Biochem Inc said (Ortho
+Diagnostic Systems Inc) withheld a payment of 1.5 mln dlrs due
+Jan 15, 1987 under a research and development contract.
+    Ortho indicated it suspended payments due under the 1985
+contract pending resolution of certain contractual matters but
+intends to maintain the agreement, Enzo said. Ortho also plans
+to keep a 1982 research contract in effect, it said.
+    Enzo said it continues to work under the contract and
+recognize revenues on a cost recovery basis. It recognized
+revenues under the 1985 contract of 820,000 dlrs and 1,655,000
+dlrs for the quarter and six months, respectively.
+    The revenues recognized were only partially received, an
+Enzo spokesman said. He declined to elaborate.
+    Total revenues were 2,944,000 dlrs for the quarter and
+6,200,000 dlrs in the six months ended Jan 31, 1987.
+    The next payment under the 1985 contract of 1.5 mln dlrs is
+due in June, the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10020" NEWID="5107">
+<DATE>13-MAR-1987 17:44:23.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0642&#31;reute
+r f BC-labatt   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LABATT CLAIMS 41 PCT SHARE OF CANADIAN MARKET</TITLE>
+<DATELINE>    TORONTO, March 13 - </DATELINE><BODY>John Labatt Ltd said its share of the
+Canadian beer market is holding at more than 41 pct but the
+total market has grown only three pct since last year when
+volumes were depressed by labor disruptions in the industry.
+    Labatt earlier reported profits in the third quarter ended
+January 31 rose 20 pct to 26.2 mln dlrs from 21.8 mln a year
+earlier, while nine month earnings were up almost as much to
+92.8 mln dlrs from 78 mln dlrs.
+    "Through acquisitions as well as growth in the core
+businesses, all segments achieved both sales and earnings
+improvement over a year ago," it said.
+    Labatt purchased Tuscan Dairies, Green Spring Dairy,
+EverFresh Juice Co and Pasquale Food Co in the third quarter.
+    The company said cool wet weather last summer slowed total
+market demand in the past nine months. "Lack of significant
+market growth emphasizes the importance of customer service and
+new product development," it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10021" NEWID="5108">
+<DATE>13-MAR-1987 17:46:45.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0646&#31;reute
+d f BC-DOME-MINES-&lt;DM>-EXTEN   03-13 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME MINES &lt;DM> EXTENDING PUBLIC OFFER DEADLINE</TITLE>
+<DATELINE>    TORONTO, March 13 - </DATELINE><BODY>Dome Mines Ltd said it was extending
+the closing date of its previously announced public offer of
+seven mln common shares to either March 19, pending
+registration of the shares under U.S. securities laws, or to
+March 27.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10022" NEWID="5109">
+<DATE>13-MAR-1987 17:50:46.39</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0647&#31;reute
+u f BC-U.S.-CONSERVATION-FIG   03-13 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONSERVATION FIGURES SEEN NEUTRAL/BEARISH</TITLE>
+<AUTHOR>    By Brian Killen, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>U.S. Agriculture Department (USDA)
+figures for highly-erodible land enrolled into the Conservation
+Reserve Program were regarded by most grain analysts as neutral
+to bearish, although some said a full state-by-state breakdown
+would be needed to assess the full price impact.
+    "Out of 10.5 mln acres only 1.9 mln acres were accepted in
+corn -- That's neutral at best and perhaps bearish to what the
+trade was looking for," Dale Gustafson of Drexel Burnham
+Lambert said.
+    The USDA said it had accepted 10,572,402 more acres into
+the conservation program out of bids on a total of 11,254,837
+acres.
+    Gustafson said he would not be changing his estimate of
+planted acreage for corn as a result of the latest figures, but
+some other analysts said they would adjust their estimates
+slightly. The USDA is due to release planting intentions
+figures March 31.
+    Indications of a heavy sign-up in the conservation program
+recently lowered most trade estimates of corn planted acreage
+to 63.0 to 67.0 mln acres from 67.0 to 69.0 mln.
+    Richard Loewy, analyst with Prudential Bache Securities,
+said there was not enough information to completely assess the
+conservation figures. "The 1.9 mln acres on corn is certainly
+disappointing," he added.
+    The USDA later released the state-by-state breakdown of the
+enrollment figures.
+    Loewy said the initial figures appeared to be negative for
+both new crop corn and soybeans, and might possibly mean an
+upward adjustment in planting intention figures.
+    Asked about the impact on the flow of generic certificates
+onto the market this spring, he said: "The trade was definitely
+looking higher, so certificates are going to be less than
+expected."
+    The USDA offered a special corn "bonus" rental payment to
+the farmers to be paid in generic certificates. The bonus
+amounts to two dlrs per bushel, based on the farm program
+payment yield for corn, for each acre of corn accepted into the
+reserve.
+    Katharina Zimmer, analyst for Merrill Lynch Futures, said
+the conservation sign-up was slightly higher than she had
+expected, although she noted that some trade expectations were
+considerably higher than the actual figures.
+    "I think it is friendly for the market, at least in the
+long run," she said.
+    Susan Hackmann of AgriAnalysis said there was some
+confusion over whether trade ideas of an enrollment figure
+between 15 and 18 mln acres referred to the total sign-up or
+the latest addition.
+    "It seems the trade was looking for more acres to be bid
+into the program," she said.
+    Hackmann said she would not make much change to her ideas
+about corn planting figures as a result of the conservation
+sign-up. She added that while some trade guesses were as low as
+61 mln acres, she was looking for corn plantings to be in the
+high 60's.
+    Zimmer of Merrill Lynch said she would be making a slight
+reduction of about one mln acres in her planting estimate to
+around 64 mln acres.
+    New crop corn prices at the Chicago Board of Trade firmed
+earlier this week on ideas of a large sign-up in the program,
+despite the fact that acres enrolled are generally poor
+yielding and not likely to make a substantial difference to
+final production figures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10023" NEWID="5110">
+<DATE>13-MAR-1987 17:51:25.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0649&#31;reute
+b f BC-CANADA-BUDGET-DEFICIT   03-13 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA BUDGET DEFICIT FELL IN DECEMBER</TITLE>
+<DATELINE>    Ottawa, March 13 - </DATELINE><BODY>Canada's federal budget deficit fell to
+2.01 billion dlrs in December from 2.27 billion dlrs a year
+earlier, the finance department said.
+    The government said revenues in December totaled 8.17
+billion dlrs, up from 7.26 billion dlrs in 1985.
+    Expenditures were 10.18 billion dlrs, up from 9.53 billion
+dlrs in the previous year, the government said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10024" NEWID="5111">
+<DATE>13-MAR-1987 17:54:51.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0657&#31;reute
+r f BC-MCI-&lt;MCIC>-OPPOSES-U.   03-13 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCI &lt;MCIC> OPPOSES U.S. PHONE RECOMMENDATIONS</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>MCI Communications Corp said it
+opposed recent recommendations by the U.S. Justice Department
+that would loosen restrictions on the regional bell operating
+companies.
+    MCI said the restrictions on the regional bell companies
+should only be loosened if their monopolies on local service
+are eliminated.
+    It said the proposals to loosen those restrictions are at
+odds with the rulings that governed the break-up of American
+Telephone and Telegraph Co &lt;T> in 1984.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10025" NEWID="5112">
+<DATE>13-MAR-1987 17:55:57.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0659&#31;reute
+d f BC-FOREST-CITY-&lt;FECA>-CO   03-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREST CITY &lt;FECA> COMPLETES SALE</TITLE>
+<DATELINE>    CLEVELAND, March 13 - </DATELINE><BODY>Forest City Enterprises Inc said it
+completed the previously announced sale of assets of its retail
+store division, excluding real estate, to Handy Andy Home
+Improvement Centers Inc, a private Gurnee, Ill., firm.
+    The sale is for cash and notes but exact terms were not
+disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10026" NEWID="5113">
+<DATE>13-MAR-1987 17:56:07.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0660&#31;reute
+r f BC-MINN.-BANK,-OKLA.-THR   03-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINN. BANK, OKLA. THRIFT ACTIONS TAKEN</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>Beaver Creek State Bank in Beaver
+Creek, Minn., failed and the bank's insured assets were
+transferred to Citizens State Bank of Silver Lake, Minn., the
+Federal Deposit Insurance Corp. said.
+    Separately, the Federal Home Loan Bank Board said Victor
+Federal Savings and Loan Association of Muskogee, Okla., was
+placed into receivership.
+    Beaver Creek's two offices will re-open as branches of
+Citizens on Monday.
+    The transfer was arranged because there were no bids to buy
+Beaver Creek, the FDIC said.
+    Citizens will pay a premium of 30,000 dlrs  to the FDIC and
+purchase Beaver Creek's assets for 5.3 mln dlrs.
+    It was the 43rd bank failure in the nation this year.
+    The FHLBB said Victor Federal Savings was insolvent and its
+assets were transferred to a newly chartered federal mutual
+association with directors named by the FHLBB.
+    Victor was a stock association with 564 mln dlrs in assets.
+    The new association is to be known as Victor Savings and
+Loan Association and its assets continue to be insured by the
+Federal Savings and Loan Insurance Corp, the FHLBB said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10027" NEWID="5114">
+<DATE>13-MAR-1987 17:58:49.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0664&#31;reute
+d f BC-LIFESTYLE-RESTAURANTS   03-13 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFESTYLE RESTAURANTS &lt;LIF> ADJUSTS REVENUES</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Lifestyle Restaurants Inc said
+revenues for the first quarter ended January 24, 1985, were
+17.5 mln dlrs and not the 17.8 mln dlrs it had reported
+earlier.
+    The company also said a note attached to its earnings
+concerning a gain in 1986 on certain sales was incorrect and
+should be disregarded.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10028" NEWID="5115">
+<DATE>13-MAR-1987 17:58:57.43</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0665&#31;reute
+u f BC-U.S.-SAYS-CANADA-COMP   03-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAYS CANADA COMPLYING WITH LUMBER PACT</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The Commerce Department said that
+all Canadian firms had begun to pay an agreed to 15 pct
+surcharge on softwood shipped to U.S. markets.
+    It made the statement after talks with Canadian officials
+about press reports and speculation in Canada that some
+exporters were not paying the charge.
+    Canada and the United States agreed last December to the 15
+pct charge, ending a lengthy trade dispute over alleged
+Canadian subsidies to Canada's softwood exporters.
+    Commerce officials would not say if they found any Canadian
+companies had been evading the charge, but that following the
+talks they were convinced all exporters were complying with the
+agreement.
+    Undersecretary of Commerce Bruce Smart said "We are
+gratified to learn that companies in Canada have begun paying
+the export charge on lumber."
+    He added the agreement was important to the health of the
+U.S. lumber industry and he intended to see that it was fully
+carried out.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10029" NEWID="5116">
+<DATE>13-MAR-1987 17:59:26.69</DATE>
+<TOPICS><D>acq</D><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0666&#31;reute
+u f BC-pdvsa-to-sign-champli   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PDVSA TO SIGN CHAMPLIN REFINERY DEAL MARCH 17</TITLE>
+<DATELINE>    CARACAS, March 13 - </DATELINE><BODY>Petroleos de Venezuela, S.A. said it
+will sign a contract March 17 to buy a half interest in a
+Corpus Christi, Texas refinery and related operations.
+    The contract, to be signed by PDVSA and Champlin
+Petroleum's parent company, the Union Pacific Corp, will create
+a new joint venture called Champlin Refining.
+    The state oil company said PDVSA will pay on the order of
+30 mln dlrs for the half interest in Champlin.
+     Energy minister Arturo Hernandez Grisanti said Wednesday
+the cost would be 33 mln dlrs in cash, plus an additional 60
+mln in crude and refined oil shipments.
+    PDVSA and Union Pacific have sought a line of credit from a
+group of North American and Japanese banks to finance the new
+company's working capital, the Venezuelan company said.
+    Under the deal, PDVSA will supply up to 140,000 barrels a
+day to the refinery with the option to place 50,000 bpd more -
+mostly gasoline and distillates - through Champlin's
+distribution system in 10 U.S. states.
+    The new company will be directed by a six-member board,
+with three representatives each from PDVSA and Union Pacific.
+    According to PDVSA, Venezuelans will occupy such key
+positions such as treasurer and vice-president for
+manufacturing.
+    The total capacity of the Champlin refinery is 160,000 bpd
+of crudes and another 40,000 bpd of intermediates. The plant
+will be able to handle 110,000 bpd of Venezuelan heavy crudes,
+which make up more than half of the country's crude oil
+exports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10030" NEWID="5117">
+<DATE>13-MAR-1987 18:00:23.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0669&#31;reute
+u f BC-INVESTOR-DISAPPOINTED   03-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR DISAPPOINTED AT CAESARS &lt;CAW> RESPONSE</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Investor Martin Sosnoff said in a
+statement that he was disappointed in Caesars World Inc's
+response to his 28 dlrs a share offer to buy the company.
+    The company had said the offer was inadequate and that it
+was exploring restructuring or sale of the company to another
+party.
+    Sosnoff said he believes the offer is fair to all
+shareholders. "My primary desire is still to sit down with
+management to negotiate a friendly acquisition," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10031" NEWID="5118">
+<DATE>13-MAR-1987 18:12:07.58</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0688&#31;reute
+r f AM-OIL-ECUADOR   03-13 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA TO LEND UP TO 12.5 MLN BARRELS OF OIL</TITLE>
+<DATELINE>    QUITO, March 13 - </DATELINE><BODY>Venezuela will lend Ecuador up to 12.5
+mln barrels of crude oil to help it meet its export commitments
+and its domestic energy demand, Ecuadorean Energy and Mines
+Minister Javier Espinosa said today in a statement.
+    Ecuador was forced to suspend exports after the pipeline
+connecting its jungle oil fields with the Pacific Ocean port of
+Balao was damaged last week by an earthquake.
+    Venezuela would lend 50,000 barrels per day of crude for a
+total of up to to 7.5 mln barrels to help Ecuador meet export
+commitments, Espinosa said. Also, Venezuela will sell the crude
+and provide the foreign exchange earnings to Ecuador, he said.
+     Ecuador would repay Venezuela in crude once it resumed its
+exports after repairing its pipeline to Balao, a task that
+would take an estimated five  months.
+    Venezuela is lending Ecuador five mln barrels of crude for
+refining in this country to meet domestic demand. Ecuador would
+repay that loan with crude once the oil pipeline is repaired.
+    Both countries are the only Latin American members of the
+Organisation of Petroleum Exporting Countries (OPEC).
+    Ecuador was exporting about 140,000 bpd before the
+earthquake, Energy Ministry officials said. Its total output
+was around 260,000 bpd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10032" NEWID="5119">
+<DATE>13-MAR-1987 18:15:59.48</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0695&#31;reute
+u f BC-pdvsa-to-sign-champli   03-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PDVSA TO SIGN CHAMPLIN REFINERY DEAL MARCH 17</TITLE>
+<DATELINE>    CARACAS, March 13 - </DATELINE><BODY>Petroleos de Venezuela, S.A. said it
+will sign a contract March 17 to buy a half interest in a
+Corpus Christi, Texas refinery and related operations.
+    The contract, to be signed by PDVSA and Champlin
+Petroleum's parent company, the Union Pacific Corp &lt;UNP>, will
+create a new joint venture called Champlin Refining.
+    The state oil company said PDVSA will pay on the order of
+30 mln dlrs for the half interest in Champlin.
+     Energy minister Arturo Hernandez Grisanti said Wednesday
+the cost would be 33 mln dlrs in cash, plus an additional 60
+mln in crude and refined oil shipments.
+    PDVSA and Union Pacific have sought a line of credit from a
+group of North American and Japanese banks to finance the new
+company's working capital, the Venezuelan company said.
+    Under the deal, PDVSA will supply up to 140,000 barrels a
+day to the refinery with the option to place 50,000 bpd more -
+mostly gasoline and distillates - through Champlin's
+distribution system in 10 U.S. states.
+    The new company will be directed by a six-member board,
+with three representatives each from PDVSA and Union Pacific.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10033" NEWID="5120">
+<DATE>13-MAR-1987 18:17:59.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0697&#31;reute
+d f BC-venezuela's-biggest-p   03-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA'S BIGGEST PRIVATE DEBTOR FACES DEFAULT</TITLE>
+<DATELINE>    CARACAS, March 13 - </DATELINE><BODY>Venezuela's biggest private sector
+company, La Electricidad de Caracas, will meet urgently with
+bank creditors in New York on monday to discuss the danger of a
+total default on its 622 mln dlr foreign debt, a company
+spokesman said.
+    "We are in an impossible situation, unless we get
+government relief the company will be bankrupt in three years,"
+he told reuters.
+    La Electricidad's problems stem from the government's
+decision in december to set private debt payments at 7.50
+bolivars per dlr instead of 4.3, adding 74 pct to the debt in
+bolivar terms.
+    La Electricidad is seeking permission for a 50 pct increase
+in industrial and commercial tariffs, which officials say would
+bring in an extra 1.3 billion bolivars this year.
+    A 30 pct tariff increase introduced in january will only
+bring in an extra 600 mln bolivars per year as against
+additional debt costs of 900 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10034" NEWID="5121">
+<DATE>13-MAR-1987 18:21:08.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0699&#31;reute
+u f BC-PRATT-&lt;PRAT>-OFFER-FO   03-13 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRATT &lt;PRAT> OFFER FOR RESORTS &lt;RT> EXPIRES</TITLE>
+<DATELINE>    DALLAS, March 13 - </DATELINE><BODY>PH Acquisition Co, a unit of Pratt Hotel
+Corp, said its 135 mln dlrs per share tender offer for all
+shares of Class B common stock of Resorts INternational Inc
+expired.
+    As of today, about 45,690 shares were tendered, an
+insufficient number of shares to satisfy the condition that 51
+pct of the voting power be tendered.
+    Earlier this week, New yOrk developer Donald Trump made a
+competing bid for the class B shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10035" NEWID="5122">
+<DATE>13-MAR-1987 18:22:03.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0700&#31;reute
+r f BC-MANVILLE-&lt;QMAN>-NAMES   03-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANVILLE &lt;QMAN> NAMES FINANCIAL OFFICER</TITLE>
+<DATELINE>    DENVER, March 13 - </DATELINE><BODY>Manville Corp said it named John Roach
+senior vice president and chief financial officer.
+    The post of chief financial officer has been vacant since
+W.T. Stephens was appointed president of the company last
+April, Manville said.
+    Roach, 43, was most recently a partner of Braxton
+Associates, a unit of the accounting firm Touche Ross and Co.
+He was previously with Northrop Corp &lt;NOC>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10036" NEWID="5123">
+<DATE>13-MAR-1987 18:23:08.40</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0701&#31;reute
+u f BC-SAUDI-ARABIA-LIFTS-CO   03-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDIS DROP CONDITION FOR OIL SALE TO BRAZIL</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 13 - </DATELINE><BODY>Saudi Arabia has dropped its
+condition that Brazil secure international bank guarantees
+before Saudia Arabia would ship it oil, the state-oil company,
+Petrobras, said in a statement.
+    Petrobras said the Saudis will accept Banco do Brasil
+credit guarantees.
+    Petrobras cancelled a 40-mln dlr crude oil purchase from
+the Saudis yesterday after they refused to accept a letter of
+credit from the official Bank of Brazil. The Saudis had
+demanded that Brazil get credit guarantees from leading
+international banks.
+    Petrobras said the Saudis had been advised that if they did
+not change their mind by Monday, Petrobras would negotiate the
+purchase of oil with other producers.
+    The Petrobras statement said the shipment of 2.2 mln
+barrels will be made by the Saudis on March 24 as scheduled.
+    The shipment is part contract signed in February for the
+Saudis to supply Brazil with 125,000 barrels per day until
+June.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10037" NEWID="5124">
+<DATE>13-MAR-1987 18:23:59.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0703&#31;reute
+r f BC-UNITED-TELECOM-&lt;UT>-A   03-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TELECOM &lt;UT> ASKS TO RESTRICT BELL</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>United Telecommunications Inc said
+it called for rejection of the recommendation that the regional
+Bell telephone companies be allowed to enter the long-distance
+business at this time.
+    In comments to U.S. District Court Judge Harold Greene, the
+company said modification of other restrictions currently
+imposed on the regionals would be acceptable.
+    United Telecommunications operates U.S. Sprint, a long
+distance telephone service, in a joint venture with GTE Corp
+&lt;GTE>.
+    Separately, US Sprint in its comments told Judge Green that
+allowing the Bell operating companies into the long-distance
+business could undo all the strides toward full competition
+since the breakup of American Telephone and Telegraph Co &lt;T> in
+1984.
+    The U.S. Justice Department has proposed lifting
+restrictions on the regional phone companies so they can enter
+the long-distance business in areas where they do not provide
+local service.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10038" NEWID="5125">
+<DATE>13-MAR-1987 18:26:58.96</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0705&#31;reute
+u f BC-SAUDI-ARABIA-LIFTS-CO   03-13 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA DECIDES TO ACCEPT BRAZIL CREDIT</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 13 - </DATELINE><BODY>Saudi Arabia has lifted the
+condition it imposed on the sale of oil to Brazil and will
+accept Banco do Brasil's credit guarantees, state-oil company
+Petrobras said in a statement.
+    Petrobras cancelled a 40 mln dlr crude oil purchase from
+the Saudis yesterday, after they refused to accept a letter of
+credit from the Bank of Brazil, demanding guarantees from
+leading international banks.
+    It advised the Saudis the company would negotiate oil
+purchases elsewhere unless they changed their mind by Monday.
+    The 2.2 mln barrels shipment will be made by the Saudis on
+March 24 as scheduled, the statement said.
+    Under a 125,000 bpd contract signed in February the Saudis
+agreed to supply oil to Brazil until June.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10039" NEWID="5126">
+<DATE>13-MAR-1987 18:30:16.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0709&#31;reute
+r f BC-MICRON-TECHNOLOGY-&lt;DR   03-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRON TECHNOLOGY &lt;DRAM> SEES 2ND QTR LOSS</TITLE>
+<DATELINE>    BOISE, Idaho, March 13 - </DATELINE><BODY>Micron Technology Inc said it
+expects to record a net loss of about 11 mln dlrs in the second
+quarter compared to a loss of 9.7 mln dlrs in the first quarter
+and 9.8 mln dlrs in the year-ago second quarter.
+    Revenues in the quarter ended March five increased to about
+20.4 mln dlrs from 18.8 mln in the preceeding quarter and 9.4
+mln dlrs in the year-ago quarter.
+    The company makes semiconductors, memory components and
+related products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10040" NEWID="5127">
+<DATE>13-MAR-1987 18:32:42.73</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f0712&#31;reute
+u f BC-fin-futures-outlook   03-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADING RANGE LIKELY TO CONTINUE IN DEBT FUTURES</TITLE>
+<AUTHOR>    By Brad Schade, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 13 - </DATELINE><BODY>U.S. economic data due out next week is
+unlikely to hold any surprises that will shake U.S. interest
+rate futures out of their relatively narrow trading range of
+the last 3-1/2 months, financial analysts said.
+    "People don't seem to have any firm conviction about the
+current strength of the economy or about the Federal Reserve
+doing anything," said Drexel Burnham Lambert analyst Norman
+Mains.
+    The narrow range trading is also taking its toll on trading
+volume, he noted. "We've had a decline in activity as recent
+economic statistics have not greatly changed people's
+viewpoints on interest rates," Mains said.
+    The data, which has provided not clear-cut view of the
+economy, coupled with dampened activity in the foreign exchange
+markets after the Paris initiative has made for "less than
+ebullient market action," Mains said.
+    He added, however, that Treasury bond futures could be in
+for a retracement after the recent rise as they are near the
+top of the trading range.
+    "My view is that the economy remains relatively strong and
+market participants will see that current prices are
+unjustified," Mains said.
+    Refco Inc senior vice president Michael Connery also noted
+that the market is showing very little momentum and lacks
+retail interest. "All of the movement occurs at the opening,"
+afterwhich volume dwindles and momentum fades, Connery said.
+    Although data during the week was mildly positive for bond
+prices, the small rise in February producer prices and downward
+revisions in January retail sales and industrial production
+were "not real exciting," said Prudential Bache analyst Fred
+Leiner.
+    "There is no one factor that will push us through the highs
+at this moment," Leiner said.
+    Next week's revision to fourth quarter U.S. Gross national
+Product is also likely to be of little interest to the market,
+said Kleinwort Benson chief financial economist Sam Kahan.
+Still, forecasts for first quarter GNP could play a role in the
+direction of bond prices over the next month.
+    Kahan said his early estimate for first quarter growth is
+around three pct, due largely to a buildup in inventories
+reflected in the January inventory data Friday, which showed
+the largest increase since 1979.
+    "The key question will be not whether there is a large
+increase in first quarter GNP, but whether any increase is
+sustainable or a one shot deal," Kahan said.
+    He said that a sizable increase in first quarter GNP
+stemming from an increase in inventories will be a drag on
+second quarter growth.
+    If that is the case, GNP in the second quarter could ease
+back to a one to two pct growth rate, Kahan said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10041" NEWID="5128">
+<DATE>13-MAR-1987 18:34:45.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0714&#31;reute
+r f BC-&lt;AGRA-INDUSTRIES-LTD>   03-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AGRA INDUSTRIES LTD> SIX MTHS JAN 31 NET</TITLE>
+<DATELINE>    SASKATOON, Saskatchewan, March 13 -
+    </DATELINE><BODY>Oper shr 35 cts vs 34 cts
+    Oper net 2,313,000 vs 1,646,000
+    Revs 100.1 mln vs 77.3 mln
+    Note: 1986 net excludes extraordinary loss of 294,000 dlrs
+or four cts vs shr vs yr-ago loss of 579,000 dlrs or 12 cts
+shr. 1986 net includes non-cash loss of 1,436,000 dlrs or 22
+cts shr vs yr-ago loss of 1,922,000 dlrs or 39 cts shr from
+depreciation and amortization allowances on U.S. cable TV
+operation.
+    Fewer shrs outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10042" NEWID="5129">
+<DATE>13-MAR-1987 18:35:36.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A F
+&#22;&#22;&#1;f0716&#31;reute
+r f BC-CITICORP-&lt;CCI>-SEC-FI   03-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITICORP &lt;CCI> SEC FILING NOT TIED TO DEBT TALKS</TITLE>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Citibank, the main susbidiary of
+Citicorp, said the filing it made with the Securities and
+Exchange Commission about the possible impact on earnings
+should certain Brazilian loans be placed on a cash basis was
+not linked to debt talks that are about to begin with Brazil.
+    Citibank said it had told the SEC that its earnings could
+be reduced by 50 mln dlrs after-tax in the first quarter, and
+190 mln dlrs in the year, if it has to declare 3.9 billion dlrs
+of medium- and long-term Brazilian loans non-performing.    
+    Rather, Citibank said it was simply complying with the
+disclosure requirements contained in the U.S. Securities Acts.
+    Citibank said in its filing with the SEC that it was
+premature to decide now whether the loans should be placed on a
+non-perfoming basis, a view that was echoed by spokesmen of
+several other major U.S. banks.    
+ Reuter...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10043" NEWID="5130">
+<DATE>13-MAR-1987 18:42:59.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0720&#31;reute
+u f BC-exspetalnick   03-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FPL GROUP &lt;FPL> NUCLEAR REACTOR SHUT DOWN</TITLE>
+<DATELINE>    Miami, March 13 - </DATELINE><BODY>FPL Group Inc shut down a nuclear reactor
+at its Turkey Point power plant after engineers discovered a
+tiny leak of radioactive water from the pressure vessel
+surrounding the reactor core, a company spokeswoman said.
+    FPL spokeswoman Stacey Shaw said FPL shut down Turkey Point
+Unit Four voluntarily to repair the leak, which she described
+as "a tablespoon full of water that never posed any danger to
+the plant or the public."
+    The nuclear reactor -- one of two at the site south of
+Miami -- was already partially shut down for the repair of a
+leaky pressure valve discovered on Wednesday.
+    Shaw said the reactor was expected to be back on line in
+about a week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10044" NEWID="5131">
+<DATE>13-MAR-1987 18:46:57.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0724&#31;reute
+r f BC-MEXICO-TEMPORARILY-HA   03-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO TEMPORARILY HALTS DEBT-EQUITY SWAPS</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 13 - </DATELINE><BODY>Mexico has temporarily suspended its
+debt-equity swap program in a move that some bankers see as an
+attempt to increase pressure on reluctant foreign banks to
+participate in a new 7.7 billion dlr loan for the country.
+    The scheme, which gives foreign firms access to cheap pesos
+to finance investment in Mexico, is likely to resume soon after
+the loan package is signed on March 20.
+    But the move is a further indication of the strains that
+have developed between Mexico and the banks because of the
+difficulty of syndicating the huge loan, bankers said.
+    Bankers said that Mexico suspended the swap program on
+February 25.
+    Adolfo Hegewisch, Mexico's Undersecretary for Commerce,
+confirmed that the swap program had been halted, but he told a
+Euromoney conference on debt-equity swaps that Mexico had been
+forced to act because it had been inundated with applications.
+    Between January 1 and February 15, 132 firms had applied to
+do a debt-equity conversion, compared with 100 between May and
+December 1986. "We were not accustomed to receive so much
+work," said Hegewisch, who is responsible for foreign
+investment in Mexico.
+    Bankers said applications totalling two billion dlrs had
+piled up at the finance ministry, which has said it wants to
+limit the amount of swaps to 100 mln dlrs a month.
+    But some bankers, who declined to be identified, said the
+halt also suited Mexico as it would keep up pressure on the
+banks during the final campaign to persuade all 400 creditors
+worldwide to participate in the loan.
+    Over 97 pct of the loan has been subscribed, but dozens of
+smaller banks are still baulking. Assistant U.S. Treasury
+Secretary David Mulford said yesterday that the reluctance of
+these banks had nearly jeopardized the deal at one stage.
+    "The Mexicans basically said, We're not going to subsidize
+foreigners until we have a deal," one banker said.
+    Other bankers, however, said Mexico's motives were not so
+sinister and that the suspension was mainly due to the absence
+of top ministry officials in New York for the debt talks.
+    "They want to focus on the deal, and they wanted the banks
+to focus on the deal," one source said.
+    Apart from the present disruption, bankers and company
+officials said the Mexican debt-equity scheme has been a huge
+success.    
+    Frank Fountain, Assistant Treasurer at Chrysler Corp, said
+a 100 mln dlr swap it made in December had gone so smoothly
+that Chrysler has plans for more.
+    Chrysler, working through Manufacturters Hanover Trust Co,
+bought Mexican public-sector debt with a face value of 110 mln
+dlrs, mainly from European banks. The cost was about 65 mln
+dlrs in cash and paper.
+    It then presented the paper to Mexico's central bank and
+received the equivalent of 100 mln dlrs worth of pesos which it
+invested in its local subsidiary to produce cars for export to
+North America.
+    Susan Segal, senior vice president of Manufacturers
+Hanover, said the swaps not only reduce Mexico's debt burden
+but help to recapitalize local industries that may have been
+squeezed out of the local capital markets.
+    Fountain said that even a large well-established firm such
+as Chrysler had found it difficult to arrange long-term peso
+financing on reasonable terms in Mexico.
+    Industrial companies have done most of the swaps to date,
+and Hegewisch said that many of the applications now pending
+are for investments in the electronic and chemical industries,
+with Japanese and Korean firms showing particular interest.
+    But the interest is spreading. Segal said Manufacturers
+Hanover has been authorized to convert part of its own
+portfolio of loans into equity investment in Mexican hotels.
+    She said the sums involved are considerable, but gave no
+details. The bank is also looking into joint ventures with
+manufacturing and trading companies, Segal added.
+    And, as part of the agreement with the banks that will be
+signed next week, Mexican residents will be allowed to
+participate in the scheme, hitherto reserved for foreign firms,
+in the hope that some of the 30 billion dlrs estimated to be
+held abroad will be repatriated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10045" NEWID="5132">
+<DATE>13-MAR-1987 18:49:21.10</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0728&#31;reute
+d f BC-U.S.-SAYS-CANADA-COMP   03-13 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE> U.S. SAYS CANADA COMPLYING WITH LUMBER PACT</TITLE>
+<DATELINE>    WASHINGTON, March 13 - </DATELINE><BODY>The Commerce Department said all
+Canadian firms have begun to pay an agreed 15 pct surcharge on
+softwood shipped to U.S. markets.
+    It made the statement after talks with Canadian officials
+about rumors in Canada that some exporters were not paying the
+charge.
+    Canada and the U.S. agreed last December to the 15 pct
+charge, ending a lengthy trade dispute over alleged Canadian
+subsidies to Canada's softwood exporters.
+    Commerce officials declined to say if any Canadian
+companies had been evading the charge, but said following the
+talks they were convinced all exporters were complying with the
+agreement.
+    Undersecretary of Commerce Bruce Smart said "We are
+gratified to learn that companies in Canada have begun paying
+the export charge on lumber."
+    He added the agreement was important to the health of the
+U.S. lumber industry and he intended to see that it was fully
+carried out.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10046" NEWID="5133">
+<DATE>13-MAR-1987 18:50:36.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0730&#31;reute
+f f BC-131846-'''''-Ecuador   03-13 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Ecuador President ratifies unilateral suspension of debt payments to private foreign banks
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10047" NEWID="5134">
+<DATE>13-MAR-1987 18:55:25.69</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0734&#31;reute
+u f BC-colombia-not-planning   03-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO HEAVY COFFEE EXPORT IMPLIED-COLOMBIA OFFICIAL</TITLE>
+<DATELINE>    BOGOTA, March 13 - </DATELINE><BODY>A decision by Colombia to open coffee
+export registrations for an unlimited amount does not imply the
+country will heavily sell coffee until recently withheld,
+Gilberto Arango, president of the private exporters'
+association, told Reuters.
+    Colombia today opened export registrations for april and
+may, with the National Coffee Growers' Federation setting no
+limit.
+    Since the start of the coffee year last october, private
+exporters were on average allowed 350,000 bags of 60 kilos per
+month.
+    "Traders will initially interpret this measure as announcing
+heavy sales. Even today it pressured the market. But it will
+quickly become apparent that Colombia does not intend to go
+over the top," Arango said in an interview.
+    "Colombia's marketing policy is to sell without haste but
+consistently. No targets for volume will be set. We will react
+to market factors adequately. Colombia has no intention to give
+its coffee away," he added.
+    Arango described measures adopted here yesterday, including
+a lower export registration price, as a major change in
+Colombia's coffee marketing policy.
+    The export registration price, or reintegro, was lowered to
+1.10 dlr per lb ex-dock new york, or 155.83 dlrs per bag of 70
+kilos, from 1.35 dlrs (194.33 dlrs).
+    The government announced a more flexible policy of
+reintegro, in order to closely reflect market trends, which
+arango warmly welcomed saying private exporters will
+undoubtedly be more actively present in the market.
+    A frequent gap between international market prices and the
+reintegro was unlikely to recur, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10048" NEWID="5135">
+<DATE>13-MAR-1987 18:56:27.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0739&#31;reute
+d f BC-BAIRD-CORP-&lt;BATM>-SET   03-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAIRD CORP &lt;BATM> SETS RIGHTS PLAN</TITLE>
+<DATELINE>    BEDFORD, Mass, March 13 - </DATELINE><BODY>Baird Corp said its independent
+directors adopted a plan under which one stock purchase right
+will be distributed as a dividend on each common share to
+stockholders of record March 23.
+    The plan is designed to protect shareholders against
+unsolicited or coercive takeover attempts.
+    The rights, which would allow holders to buy one-half share
+of common for 20 dlrs, will be exercisable if a suitor acquires
+25 pct or more of the company's common as of today or 30 pct at
+a later date, or if such a holder begins a tender offer to
+acquire the company, or in other circumstances.
+    Under certain conditions, the rights will allow holders to
+buy stock in a surviving company at half price.
+    Baird can redeem the rights at five cts apiece subject to
+certain conditions, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10049" NEWID="5136">
+<DATE>13-MAR-1987 19:13:45.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0748&#31;reute
+u f BC-CANADIAN-BANKER-THINK   03-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN BANKER SAYS BRAZIL ECONOMIC GROWTH VITAL</TITLE>
+<DATELINE>    BRASILIA, MARCH 13 - </DATELINE><BODY>William Mulholland, president of the
+Bank of Montreal, said here it is important for Brazil to seek
+its economic growth.
+    Speaking to reporters after a meeting with Brazilian
+Finance Minister Dilson Funaro, the Canadian banker said he
+suggested to Funaro the conversion of Brazil's 1.3 billion
+dollars debt with the Bank of Montreal by direct investments in
+this country.
+    He said the Brazilian minister was impressed with his
+initiative and that he (Funaro) had submitted the proposal to
+the Central Bank for a broader analysis.
+    Commenting on Brazil's decision to suspend payment of
+interests to private creditor banks, Mulholland said he would
+rather see that it did not happen, but that he understood the
+decision made by the Brazilian government:
+    "A country like Brazil cannot stop growing. Of course, it
+must also seek an internal adjustment capable of controlling
+the spiral of its inflation and public deficit," he said.
+    He suggested Brazil and the international financial
+community to work together and seek stable conditions to face
+the problems of this country's foreign debt.                 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10050" NEWID="5137">
+<DATE>13-MAR-1987 19:18:46.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0750&#31;reute
+b f AM-ECUADOR '''  03-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR SUSPENDS PAYMENTS TO PRIVATE BANKS</TITLE>
+<DATELINE>    QUITO, March 13 - </DATELINE><BODY>Ecuadorean President Leon Febres Cordero
+said his country was unilaterally suspending payments to
+private foreign banks due to last week's earthquake which
+caused up to one billion dollars in damage.
+    Febres Cordero, quoted in an Information Ministry
+communique, said: "We have to ratify this suspension ... on debt
+service to the private international banks.
+    "I am not ashamed to say it, there definitely isn't a way to
+pay," he said.
+    Ecuador had already suspended payments to private foreign
+banks, holding two-thirds of Ecuador's 8.16 billion dollar
+foreign debt, from last January due to a cash-flow squeeze
+stemming from a slide in world oil prices last year.
+    But finance officials had earlier said the length of the
+suspension would depend on negotiations with private foreign
+banks.
+    The information ministry communique said febres cordero
+made these statments to reporters at lago agrio, at the heart
+of ecuador's region of jungle oilfields, before returning to
+quito.
+    Febres cordero said up to a total of 1,000 people died or
+were missing in avalanches and mudslides during the march 5
+earthquake.
+    The tremor damaged an oil pipeline, thus barring all crude
+exports for a projected five months. Oil accounts for up to
+two-thrids of ecuador's total exoprts and for as much as 60 per
+cent of the government's revenues.
+    He did not specify for how long the suspension of payments
+would last.
+    Ecuador owes private foreign banks 450 to 500 mln dlrs in
+interest payments for the rest of the year and 66 mln dlrs
+in principal payments maturing in 1987, finance officials said.
+    Finance minister domingo cordovez said two days ago the
+government seeks to postpone all the payments due to private
+foreign banks in 1987 until next year through negotiations with
+these creditors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10051" NEWID="5138">
+<DATE>13-MAR-1987 23:14:20.17</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0772&#31;reute
+f f BC-GENEVA---negotiators   03-13 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENEVA - negotiators at U.N. Conference agree basic elements in new rubber pact - chairman
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10052" NEWID="5139">
+<DATE>13-MAR-1987 23:22:17.11</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>inro</D><D>unctad</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0773&#31;reute
+b f BC-MAJOR-DIFFERENCES-RES   03-13 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR DIFFERENCES RESOLVED AT RUBBER PACT TALKS</TITLE>
+<AUTHOR>    By Claude Fillet</AUTHOR>
+<DATELINE>    GENEVA, March 14 - </DATELINE><BODY>Negotiators at a United Nations
+conference on a new International Natural Rubber Agreement
+(INRA) have agreed on basic elements in a new pact, conference
+chairman Manaspas Xuto said.
+    "We have resolved major differences of opinion," he told
+Reuters.
+    Xuto said the way is now cleared for drafting a new accord,
+to replace the current one which expires in October.
+    Xuto said: "I welcome the friendly and cooperative
+atmosphere that has prevailed without interruption" since the
+talks began last Monday.
+    "It is my hope that delegations will go back home and try to
+ratify the new agreement," he added.
+    The renegotiation conference, under the auspices of the
+U.N. Conference on Trade and Development (UNCTAD), is the
+fourth such meeting in two years.
+    Xuto said producers and consumers had agreed on four
+points:
+    1) Regular price reviews will be held every 15 months.
+    Previously consumers were proposing 12-month intervals
+between price reviews instead of 18 in the current pact.
+    2) If the average of the daily market indicator prices over
+six months prior to a review is below (or above) the lower
+intervention price (or the upper intervention price), the
+reference price will be automatically revised downwards (or
+upwards) by five pct unless the International Natural Rubber
+Organisation council decides on a higher percentage.
+    If buffer stock purchases or sales reach 300,000 tonnes,
+the reference price will be lowered or raised by three pct
+unless the council decides on a higher percentage.
+    3) If the buffer stock reaches 400,000 tonnes, the price at
+which the additional contingency stock of 150,000 tonnes is
+brought into operation will be two Malaysian/Singapore cents
+above the floor price -- or 152 cents.
+    4) The floor price will not be breached. Throughout the
+talks producers had adamantly resisted a consumer proposal to
+lower the floor price of 150 cents if the buffer stock,
+currently 360,000 tonnes, rose to 450,000 tonnes.
+    The proposal, initiated by the U.S., Was withdrawn last
+night, setting the stage for compromise.
+    Legal drafting of provisions will start next week and
+formal adoption of the new accord by the 40 countries taking
+part in the conference is expected to take place on March 20.
+    The current conference was widely seen as the last chance
+to clinch a deal. Three previous attempts to negotiate a new
+five- year pact had failed, the last round breaking down in
+October over consumer demands for tighter controls of the
+buffer stock.
+    The United States, Japan, West Germany, France, Italy and
+Britain are the major consumers.
+    UNCTAD's latest estimates project an increase of 8.5 pct in
+rubber prices this year and 4.1 pct in 1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10053" NEWID="5140">
+<DATE>14-MAR-1987 01:38:43.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0794&#31;reute
+r f BC-WORLD-BANK-OFFICIAL-C   03-14 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK OFFICIAL CALLS FOR BANKER FLEXIBILITY</TITLE>
+<DATELINE>    BUENOS AIRES, March 13 - </DATELINE><BODY>World Bank Vice-President David
+Knox said creditor banks must become more flexible in providing
+funds for Latin American debtor nations.
+    "The international creditor banks must make their position
+more flexible, ensuring a flow of funds for Latin American
+countries, especially the most indebted," Knox told the semi-
+official newsagency Telam.
+    Knox said Brazil's decision last month to suspend payments
+on a large portion of its foreign debt had shocked the creditor
+banks. The banks were "in no hurry to provide funds for the
+debtor nations," he said.
+    But he said the situation of debtor nations transferring
+funds to the developed should be reversed. "It must be the other
+way round, to make development in indebted states possible."
+    He said the World Bank was supplying special lines of
+credit to make up for this inflexibility on the part of the
+banks. It had increased its involvement in development projects
+by 60 pct in the last two years, he said.
+    Knox said banks would grant Argentina loans of up to two
+billion dlrs over the next two years to help the country meet
+growth targets. Argentina is currently negotiating a 2.15
+billion dlr loan with creditor banks for 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10054" NEWID="5141">
+<DATE>14-MAR-1987 09:41:06.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0808&#31;reute
+r f BC-S&amp;L-ACQUISITION-RAISE   03-14 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S&amp;L ACQUISITION RAISES U.S. 1987 TOLL TO 12</TITLE>
+<DATELINE>    WASHINGTON, March 14 - </DATELINE><BODY>The Federal Home Loan Bank Board
+(FHLBB) announced the acquisition of Home Savings and Loan
+Association in Seattle, Washington, by InterWest Savings Bank
+of Oak Harbour, Washington.
+    The FHLBB said Home Savings was the 12th troubled savings
+institution requiring federal action this year.
+    It said Home Savings had assets of 150.6 mln dlrs in assets
+and InterWest had assets of 342.9 mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10055" NEWID="5142">
+<DATE>14-MAR-1987 09:41:10.77</DATE>
+<TOPICS><D>veg-oil</D><D>soy-oil</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C L
+&#22;&#22;&#1;f0809&#31;reute
+r f BC-BANGLADESH-TO-BUY-10,   03-14 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH TO BUY 10,000 TONNES SOYABEAN OIL</TITLE>
+<DATELINE>    DHAKA, March 14 - </DATELINE><BODY>Bangladesh floated an international
+tender for the purchase of 10,000 tonnes of refined soyabean
+oil for delivery at Chittagong/Chalna port by April 24, Food
+Ministry officials said.
+    The tender closes March 28 at 0500 GMT.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10056" NEWID="5143">
+<DATE>14-MAR-1987 09:41:52.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0812&#31;reute
+r f BC-ECUADOR-SAYS-IT-WILL   03-14 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR SAYS IT WILL PAY DEBT WHEN IT CAN</TITLE>
+<DATELINE>    QUITO, March 14 - </DATELINE><BODY>President Leon Febres Cordero said
+Ecuador would honour its debt when it had the capacity to make
+payments, but said foreign banks had calculated oil would have
+to be 25 dlrs a barrel for Ecuador to meet its commitments.
+    Ecuador yesterday said last week's earthquake was forcing
+it to reaffirm an earlier decision -- based on the slide in
+world oil prices -- to suspend debt payments to private foreign
+banks, which hold two-thirds of its 8.16 billion dlr foreign
+debt.
+    "All legitimate debt is a commitment of honour," the
+president said during a visit to the quake zone. "A government
+as a sovereign entity has dignity and prestige to maintain."
+    He said he had previously held that Ecuador was obliged to
+make debt payments when crude oil was at 26 dlrs a barrel
+because the government had projected plans with crude prices at
+that level.
+    Private foreign banks and the World Bank had calculated oil
+would have to be at least 25 dlrs a barrel for Quito to be able
+to meet its commitments, Febres Cordero said.
+    He added that Ecuadorean crude was now selling for 15 to 17
+dlrs a barrel after having been sold for many months at 12 dlrs
+a barrel and as low as seven dlrs before that.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10057" NEWID="5144">
+<DATE>14-MAR-1987 09:42:09.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0815&#31;reute
+r f BC-SPAIN-SETS-BANK-PROVI   03-14 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN SETS BANK PROVISIONS FOR HIGH-RISK BORROWERS</TITLE>
+<DATELINE>    MADRID, March 14 - </DATELINE><BODY>The Bank of Spain said banks must make
+provisions amounting to at least 25 pct of outstanding loans to
+countries deemed to be high-risk borrowers.
+    The measure was included in a package of circulars approved
+by governors of the central bank yesterday.
+    The bank said it was retaining a complex system for
+calculating the proportion of loans which must be covered by
+special provisions but added that sudden shifts in the
+situation of borrowers had made it advisable to set a minimum
+level of 25 pct for such provisions.
+    The bank said another measure instructs banks and financial
+institutions to begin setting aside provisions for future
+pension obligations.
+    Banks were obliged last year to ensure that they had made
+sufficient provisions for current pension obligations and a new
+circular sets a maximum time limit of five years to cover
+future obligations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10058" NEWID="5145">
+<DATE>14-MAR-1987 09:42:23.17</DATE>
+<TOPICS><D>cpi</D><D>gas</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0817&#31;reute
+r f BC-ECUADOR-ADOPTS-AUSTER   03-14 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR ADOPTS AUSTERITY PROGRAM</TITLE>
+<DATELINE>    QUITO, March 14 - </DATELINE><BODY>Ecuador announced an austerity program
+and a price freeze on key consumer goods as a result of last
+week's earthquake which killed at least 300 people.
+    Presidency Minister Patricio Quevedo said in a televised
+address that the budget would be cut by five to 10 pct,
+government hiring would be frozen and salaries of top
+officials, including the president and cabinet, would be
+reduced.
+    He also said a price freeze would be imposed on 20 basic
+consumer items, mainly food staples, while the price of petrol
+would rise by between 69 and 80 pct and bus fares would rise by
+20 pct. Petrol supplies would also be limited.
+    Information Ministry officials said the price freeze was
+aimed at protecting poor Ecuadoreans from a wave of
+specualtion. Violators would be severely punished, according to
+the price freeze order, signed by five cabinet ministers.
+    The items for which prices were frozen included rice,
+sugar, cooking oil, potatoes, salt, wheat flour, cigarettes,
+soft drinks, school supplies and several kinds of vegetables.
+    Ecuador's consumer price inflation was 23 pct in 1986.
+    The price of 92-octane petrol rises to 110 sucres a U.S.
+Gallon from 65 sucres. Eighty-octane petrol increases to 90
+sucres from 50.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10059" NEWID="5146">
+<DATE>14-MAR-1987 09:42:37.53</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0819&#31;reute
+r f BC-SWEDISH-TRADE-SURPLUS   03-14 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH TRADE SURPLUS RISES IN FEBRUARY</TITLE>
+<DATELINE>    STOCKHOLM, March 14 - </DATELINE><BODY>Sweden's trade surplus rose to 3.6
+billion crowns in February from 1.5 billion in January and 3.48
+billion in February 1986, the Central Bureau of Statistics
+said.
+    The trade surplus for the first two months of the year rose
+to 5.1 billion crowns from 4.9 billion in the corresponding
+period of 1986.
+    The report said February imports stood at 20.1 billion
+crowns while exports were 23.7 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10060" NEWID="5147">
+<DATE>14-MAR-1987 09:43:09.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0821&#31;reute
+r f BC-BANK-OF-CHINA-INCREAS   03-14 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF CHINA INCREASES CAPITAL</TITLE>
+<DATELINE>    PEKING, March 14 - </DATELINE><BODY>The Bank of China, the state foreign
+exchange and foreign trade bank, has increased its capital to
+five billion yuan from three billion yuan, the New China News
+Agency said.
+    The bank's board of directors meeting here announced that
+the increased funds had been allocated to the bank last
+December.
+    The meeting approved the bank's 1986 balance sheet, showing
+total assets of 345 billion yuan by end-1986. No comparative
+figure was given for 1985.
+    A bank spokesman said the increased capital would enhance
+its position at a time of rapidly expanding business.
+    By end-1986, the bank had 369 domestic institutions and 347
+elsewhere including Hong Kong and Macao.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10061" NEWID="5148">
+<DATE>14-MAR-1987 09:43:20.63</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0823&#31;reute
+r f BC-YUGOSLAV-1990-STEEL-O   03-14 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAV 1990 STEEL OUTPUT TO HIT 6.3 MLN TONNES</TITLE>
+<DATELINE>    BELGRADE, March 14 - </DATELINE><BODY>Yugoslavian steel output will rise by
+one mln tonnes to 6.3 mln tonnes a year between 1986 and 1990
+under a development program adopted by the Yugoslav Iron and
+Steel Metallurgy Association, the official Tanjug news agency
+said.
+    The association groups together the main Yugoslav iron and
+steel enterprises.
+    Extraction of iron ore should show an annual growth rate of
+nine pct and reach seven mln tonnes by 1990 under the program.
+Iron output is planned to grow at eight pct a year, reaching
+4.5 mln tonnes at the end of the decade.
+    Tanjug said the programme would create conditions for
+raising exports of finished steel products.
+    The main Yugoslav steel producers plan to market 5.35 mln
+tonnes of steel goods this year, or 150,000 tonnes more than
+last year, with 1.5 mln tonnes going to export.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10062" NEWID="5149">
+<DATE>14-MAR-1987 09:43:32.30</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>france</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F C M
+&#22;&#22;&#1;f0825&#31;reute
+r f BC-PECHINEY-&lt;PUKG.PA>-SI   03-14 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PECHINEY &lt;PUKG.PA> SIGNS SOVIET PACKAGING ACCORDS</TITLE>
+<DATELINE>    PARIS, March 14 - </DATELINE><BODY>French state-owned aluminium and special
+metals group Pechiney said it has signed two protocols of
+intent to set up joint ventures with the Soviet Union.
+    Pechiney said in a statement one accord was to set up joint
+ventures manufacturing aluminium packaging for food and
+cosmetics, while another was to produce machinery to
+manufacture packaging.
+    Under the latter, Pechiney, which does not manufacture
+packaging equipment, will form and lead a consortium of yet
+unspecified European partners, a spokesman said.
+    He said it was early to put figures on possible deals, or
+outline what form joint ventures would take.
+    The statement said joint working groups for each accord had
+a three-month deadline to come up with contract proposals.
+    No firm contracts have yet been finalised under new laws
+enabling joint ventures, First Deputy Prime Minister and
+Chairman of the State Agro-Industrial Committee (GOSAGROPROM)
+Vsevolod Murakhovsky told journalists here on Wednesday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10063" NEWID="5150">
+<DATE>14-MAR-1987 09:43:50.40</DATE>
+<TOPICS><D>pet-chem</D><D>crude</D></TOPICS>
+<PLACES><D>yugoslavia</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0828&#31;reute
+r f BC-YUGOSLAVIAN-OIL-FIRM   03-14 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIAN OIL FIRM STARTS WORKING WITH FRENCH</TITLE>
+<DATELINE>    BELGRADE, March 14 - </DATELINE><BODY>Yugoslavia's top oil and natural gas
+producer &lt;Ina-Naftaplin> has started to implement a cooperation
+contract signed last year with the French petrochemical concern
+&lt;Petro Chemie>, the official Tanjug news agency said.
+    Under the deal Petro Chemie supplies oil to Ina refineries
+in Sisak and Rijeka and ships parts to 12 Yugoslav firms in the
+petrochemical, chemical, textile and plastics industries. The
+Yugoslav firms, in turn, will export oil products to France.
+    Tanjug said this year's exchange will value 530 mln dlrs.
+    Ina signed a similar deal with West Germany's Hoechst AG
+&lt;HFAG.F> two years ago.
+    Ina also has joint ventures and co-production projects,
+involving Yugoslavia's other main producer &lt;Naftagas> of Novi
+Sad, with partners in Angola, Algeria and Tunisia, exploring
+for and exploiting oil and natural gas.
+    An estimated 300,000 tonnes of oil will thus be obtained
+from fields in Angola over the next 15 years, Tanjug said.
+    Ina accounts for some 75 pct of Yugoslavia's total oil
+production, which amounts to 4.2 mln tonnes a year.
+    Ina earned more than 154 mln dlrs from exports of goods and
+services to 39 countries last year and ranks among Yugoslavia's
+leading export enterprises.
+    In a separate statement issued through Tanjug, Ina said it
+has successfully completed the first drill at the depth of over
+3,000 meters in the Bay of Baes, in Tunisia. Ina is jointly
+prospecting with the U.S. Firm Conoco for oil and gas there.
+    Work on a second drill, below 4,000 meters, would start
+soon in the Bay of Gabes, the statement said. Ina would invest
+about 8.5 mln dlrs in prospecting in the Gabes area.
+    Conoco, which has completed geological prospecting for the
+Tunisian government, has transferred one third of its option
+rights in the region to Ina, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10064" NEWID="5151">
+<DATE>14-MAR-1987 09:44:13.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0831&#31;reute
+r f BC-BRITAIN,-JAPAN-AGREE   03-14 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN, JAPAN AGREE ON FLIGHTS OVER SIBERIA</TITLE>
+<DATELINE>    TOKYO, March 14 - </DATELINE><BODY>Britain and Japan agreed to operate 12
+flights a week over Siberia each other including eight non-stop
+services from May 31, officials of the Transport Ministry said.
+    The officials said both countries reached agreement at
+their civil aviation talks here enabling British airline
+companies to begin regular air service on the trans-Siberian
+route between London and Tokyo. Japan Air Lines Co &lt;JAPN.T>
+(JAL) already operates one flight on that route.
+    Ministry sources said &lt;British Airways> and &lt;British
+Caledonian Air Lines> were expected to share the six British
+flights each week over Siberia.
+    They said Britain, currently operating seven weekly
+Japan-Britain flights, all via Anchorage, Alaska, will be
+allowed to operate a total of 10 flights a week from May 31.
+    Under the agreement, the British side can also operate
+flights from Tokyo to Seoul instead of Singapore.
+    Japanese airway companies will be able to increase the
+number of weekly flights to nine from May 31 from eight
+currently, comprising six trans-Siberian flights, including
+four non-stop flights, and three flights via Anchorage.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10065" NEWID="5152">
+<DATE>14-MAR-1987 09:44:27.57</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0833&#31;reute
+r f BC-INDONESIA-DENIES-GIVI   03-14 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA DENIES GIVING PALM OIL IMPORT LICENCES</TITLE>
+<DATELINE>    JAKARTA, March 14 - </DATELINE><BODY>Indonesia, the world's second largest
+producer of palm oil, has not issued licences to import the
+commodity, a spokesman for the Ministry of Trade said.
+    Traders in London said Indonesia has issued licences to
+local operators to import around 135,000 tonnes of palm oil
+starting in April, but the spokesman said this was incorrect.
+    A spokesman for the Indonesian Importers Association also
+denied knowledge of the import plan. He said importers would
+quickly know if licences were issued. The Trade Ministry
+official said there was no sign of a palm oil shortage in
+Indonesia.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10066" NEWID="5153">
+<DATE>14-MAR-1987 09:44:35.23</DATE>
+<TOPICS><D>iron-steel</D><D>zinc</D><D>lead</D></TOPICS>
+<PLACES><D>india</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M
+&#22;&#22;&#1;f0834&#31;reute
+r f BC-INDIA-TO-GET-U.K.-COA   03-14 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA TO GET U.K. COAL, STEEL INDUSTRY GRANTS</TITLE>
+<DATELINE>    NEW DELHI, March 14 - </DATELINE><BODY>India will get 104.65 mln stg as
+grants from Britain to develop its coal, zinc and lead
+industries, the British Information Services said in a
+statement.
+    It said a 31 mln stg grant would be disbursed over three to
+four years under an agreement signed here yesterday between the
+Indian Finance Ministry and the British Overseas Development
+Administration.
+    The British grants for developing the Indian coal industry
+using British mechanised longwall technology totalled 52 mln
+stg in the past 10 years, it said.
+    Under a separate agreement, the British government agreed
+to provide 73.65 mln stg as a grant to develop a zinc and lead
+mine at Rampura-Agucha and an associated smelting complex at
+Chaneriya, both in India's northern state of Rajasthan, the
+statement said.
+    The grant will finance the basic engineering for the
+smelter complex to be undertaken by Britain's &lt;Davy McKee> of
+Stockton. It will also help develop the mine complex, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10067" NEWID="5154">
+<DATE>14-MAR-1987 23:10:51.52</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>iran</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0842&#31;reute
+r f BC-IRAN-HAS-ANTI-SHIP-MI   03-14 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN HAS ANTI-SHIP MISSILES NEAR GULF - PAPER</TITLE>
+<DATELINE>    NEW YORK, March 15 - </DATELINE><BODY>Iran has deployed about six large
+missiles near the Strait of Hormuz which increase the threat to
+shipping in the Gulf, the New York Times said.
+    The paper quoted U.S. Intelligence sources as saying the
+missiles appeared to be of a Chinese design known as HY-2 which
+is based on the Soviet SSN2 or Styx missile.
+    Styx missiles have a range of up to 50 miles.
+    It said the missiles had been deployed at two sites and
+quoted a naval analyst as saying they could be used to sink a
+supertanker and block the Strait of Hormuz.
+    Missiles now used by Iran had only a fraction of the
+explosive power of the Styx and could sink a supertanker only
+with a lucky hit, the paper said. None of the new missiles had
+been fired yet, it added.
+    The CBS television network reported on Friday that Iran had
+installed new missiles along the Gulf and said Washington had
+warned Tehran not to use them against civilian shipping.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10068" NEWID="5155">
+<DATE>14-MAR-1987 23:23:04.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0844&#31;reute
+r f BC-UNION-LEADERS-TOUR-YU   03-14 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION LEADERS TOUR YUGOSLAVIA TO QUELL STRIKE</TITLE>
+<DATELINE>    BELGRADE, March 15 - </DATELINE><BODY>Yugoslav trade union leaders are
+touring the country in an attempt to quell a wave of strikes
+following a partial wages freeze, official sources said.
+    Eyewitnesses in the northern city of Zagreb reported far
+more police on the streets than normal after the city and areas
+nearby experienced the biggest wave of strikes in the country
+in recent memory.
+    National newspapers in Belgrade have given few details of
+the strikes. But Zagreb papers said thousands of workers went
+on strike and thousands more were threatening action over pay
+cuts.
+    Official sources said there were also strikes at a Belgrade
+medical centre, a food factory in Sambor, and enterprises in
+Nis, Leskovac and Kraljevo, as well as other towns.
+    They said national union officials were travelling
+throughout the country to speak to meetings in an attempt to
+restore calm.
+    But trade union leaders were avoiding making statements to
+the press and had not made their stand on the strikes clear.
+    Western diplomats said the strikes appeared to be
+spontaneous and without any unified orchestration.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10069" NEWID="5156">
+<DATE>14-MAR-1987 23:23:47.28</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0846&#31;reute
+r f BC-BRAZILIAN-BANK-WORKER   03-14 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN BANK WORKERS DECIDE ON NATIONAL STRIKE</TITLE>
+<DATELINE>    CAMPINAS, Brazil, March 15 - </DATELINE><BODY>Brazilian bank workers voted
+to launch a nationwide strike this month, compounding labour
+unrest arising from the failure of the government's
+anti-inflation plan.
+    At a rally in this city, about 100 km northwest of Sao
+Paulo, about 5,000 bank workers voted to strike on March 24
+unless their demand for 100 pct pay rises is met.
+    Wilson Gomes de Moura, president of the national
+confederation which groups the bank employees' 152 unions
+representing 700,000 workers, told Reuters the indefinite
+stoppage would affect all banks.
+    The vote came as a stoppage by seamen entered its third
+week and as 55,000 oil workers threatened action against the
+state-owned petroleum company Petrobras.
+    The government ordered thousands of troops into the
+refineries on Tuesday to forestall any occupation, but the
+troops were removed yesterday.
+    Petrobras said it had requested their withdrawal because
+the refineries were calm and oil workers had indicated their
+willingess to negotiate next Wednesday. The government has also
+sent marines into the main ports.
+    A spokesman at strike headquarters for the seamen in Rio de
+Janeiro said unions were studying an offer by private
+shipowners for a 120 pct pay rise.
+    Seamen employed by two small companies have already
+accepted a 120 pct pay rise and returned to work, as have about
+5,000 seamen employed by Petrobras.
+    Last week also saw widespread protests by hundreds of
+thousands of farmers over what they see as unfairly high
+interest rates charged by banks.
+    According to official estimates, prices rose by more than
+33 pct in the first two months of this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10070" NEWID="5157">
+<DATE>14-MAR-1987 23:36:54.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0850&#31;reute
+r f BC-REAGAN-SAYS-HE-WRONG   03-14 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAYS HE WRONG IN SELLING ARMS TO IRAN</TITLE>
+<DATELINE>    WASHINGTON, March 15 - </DATELINE><BODY>President Reagan for the first time
+admitted he was wrong to sell arms to Iran in an initiative
+which four months ago plunged him into the worst crisis of his
+six-year-old presidency.
+    He made the admission in a weekly radio address while
+defending the role played by Secretary of State George Shultz
+and Defence Secretary Caspar Weinberger in the affair.
+    He said: "In the case of the Iranian arms sale matter, both
+Secretary Shultz and Secretary Weinberger advised me strongly
+not to pursue the initiative. I weighed their advice but
+decided in the end the initiative was worth the risk and went
+forward."
+    "As we now know, it turned out they were right and I was
+wrong. But they discharged their responsibilities as my
+advisers and as my subordinates," he said.
+    Since the scandal broke last November, Shultz and
+Weinberger have said they told Reagan of their opposition to
+the deal and were not fully informed of the effort, carried out
+by National Security Council members.
+    They also said they were unaware of the diversion of
+millions of dollars in profits from the arms sales to the
+Nicaraguan contra rebels, who have been fighting the leftist
+Managua government for six years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10071" NEWID="5158">
+<DATE>15-MAR-1987 00:05:34.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0852&#31;reute
+r f BC-BANK-OF-CHINA-INCREAS   03-15 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF CHINA INCREASES AUTHORISED CAPITAL</TITLE>
+<DATELINE>    PEKING, March 15 - </DATELINE><BODY>Bank of China has increased authorised
+capital to five billion yuan from three billion to help meet
+expanding business needs, the official People's Daily reported.
+    The state-owned bank's total assets reached 345 billion
+yuan at end-1986, up from 260.5 billion at end-1985, it said.
+    The bank handles almost all of China's foreign exchange
+business and the settlement of international trade
+transactions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10072" NEWID="5159">
+<DATE>15-MAR-1987 00:05:58.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0853&#31;reute
+r f BC-VW-AFFAIR-COULD-DELAY   03-15 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW AFFAIR COULD DELAY SHARE SALE - STOLTENBERG</TITLE>
+<DATELINE>    BONN, March 15 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg was quoted as saying a possible currency fraud at
+Volkswagen AG &lt;VOWG.F> may affect government plans to sell its
+20 pct stake in the carmaker this year.
+    "It is all very unpleasant for us because we have decided to
+privatise the VW shares this year. We will now have to ask
+ourselves the question whether we can keep to this date," he
+told Bild am Sonntag newspaper in an interview.
+    Bild am Sonntag released the text ahead of publication
+    Stoltenberg did not elaborate on the share sale. The West
+German government owns 20 pct of VW ordinary share capital and
+has said previously it plans to sell it either in 1987 or 1988.
+    Stoltenberg told Bild am Sonntag the possible fraud showed
+there had "clearly been reprehensible criminal conduct below the
+level of the responsible management board."
+    "I do not want to prejudge results but the immediate and
+serious question which poses itself is whether certain
+management board members have kept their areas of business
+under appropriate control," he was quoted as saying.
+    VW said last week it had discovered possibly fraudulent
+currency transactions which could cost the company 480 mln
+marks and had asked state prosecutors to investigate.
+    It said on Friday it had dismissed the head of its foreign
+exchange department, Burkhard Junger.
+    VW also said it suspended six staff, including financial
+transfer department chief Guenther Borchert and the head of the
+central cash and currency clearing department, Siegfried
+Mueller.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10073" NEWID="5160">
+<DATE>15-MAR-1987 00:30:24.67</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0856&#31;reute
+r f BC-BALDRIGE-WARNS-OF-WOR   03-15 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE WARNS OF WORLD TRADE WAR DANGER</TITLE>
+<DATELINE>    WASHINGTON, March 15 - </DATELINE><BODY>U.S. Commerce Secretary Malcolm
+Baldrige predicted Congress will pass a reasonable trade bill
+this year and said tough protectionist legislation could prompt
+a trade war.
+    "The mood of the Congress right now is as tough on trade as
+I've ever seen it in six years in Washington," Baldrige said in
+a television interview.
+    "I think we'll still be able to get a reasonable trade bill
+out in spite of that because the whole Congress is trying to
+work together with the administration, but there is a hardening
+trade attitude," he said.
+    President Reagan opposes protectionist legislation, but
+agreed to support a trade bill when it became apparent that
+opposition Democrats would pass such legislation.
+    However, Baldrige warned measures that would penalise
+trading partners such as Japan, South Korea and Taiwan for
+failing to cut their trade surpluses with the U.S. Could lead
+to retaliation and he said he would urge Reagan to veto any
+such bill.
+    When asked if there is a rising danger of a worldwide trade
+war, Baldrige said: "Yes, I don't think there's any question
+about that."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10074" NEWID="5161">
+<DATE>15-MAR-1987 00:31:22.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0858&#31;reute
+r f BC-THATCHER-PARTY-HAS-NI   03-15 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THATCHER PARTY HAS NINE POINT POLL LEAD</TITLE>
+<DATELINE>    LONDON, March 15 - </DATELINE><BODY>Britain's ruling Conservatives have a
+nine point lead over the main opposition Labour Party, their
+biggest in two years, according to an opinion poll published in
+the Sunday Times.
+    The MORI poll's findings come as the latest in a series of
+setbacks for Labour and are bound to encourage talk that Prime
+Minister Margaret Thatcher may call a general election in June.
+    The poll gives the Conservatives a rating of 41 pct against
+32 pct for Labour and 25 pct for the centrist Liberal-Social
+Democratic Alliance -- enough to give Thatcher an overall
+majority of 46 seats in the 650-seat House of Commons.
+    The poll, which follows a survey by Marplan last week
+giving the Conservatives a six-point lead over Labour, shows
+how dramatically the fortunes of Britain's two largest parties
+have changed over the past six months.
+    As recently as September, Labour was still ahead in opinion
+polls and was looking forward to forming Britain's next
+government. Since then, it has been beset by inner wrangling
+and its popularity among Britain's voters has tumbled.
+    Morale among Labour politicians slumped further last month
+when the party lost a key by-election in Greenwich, south
+London -- a seat which Labour had held for 50 years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10075" NEWID="5162">
+<DATE>15-MAR-1987 01:58:52.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D><D>west-germany</D></PLACES>
+<PEOPLE><D>delors</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0860&#31;reute
+r f BC-DELORS-QUOTED-FAVOURI   03-15 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELORS QUOTED FAVOURING FRANCO-GERMAN BID FOR CGCT</TITLE>
+<DATELINE>    PARIS, March 15 - </DATELINE><BODY>European Commission President Jacques
+Delors, quoted by Le Monde newspaper, said he favoured a
+Franco-German candidate to take over &lt;Cie Generale de
+Constructions Telephoniques>, which has a 16 pct stake in the
+French public telephone switching market.
+    "I wish for a European solution ... That will enable Germany
+and France to move closer together, which is currently
+necessary," he was quoted as saying.
+    "Given the situtation of the EC (European Community) and of
+the importance for our future connunications audiences and of
+cooperation already undertaken on the Community level, that
+seems the best choice," Delors added.
+    Five groups, including an alliance between West Germany's
+Siemens AG &lt;SIEG.F> and France's Schneider S.A. &lt;SCHN.PA>
+subsidiary Jeumont-Schneider, have applied to buy what is
+France's second largest telephone switching firm.
+    Under French privatisation law, foreign companies are
+restricted to a 20 pct stake in privatised companies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10076" NEWID="5163">
+<DATE>15-MAR-1987 02:25:10.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>mnse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0862&#31;reute
+r f BC-PANEL-HEAD-SAYS-MARCO   03-15 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANEL HEAD SAYS MARCOS STILL CONTROLS LARGE FUNDS</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 15 - </DATELINE><BODY>The head of a Philippine panel charged
+with recovering illegal wealth accumulated by former President
+Ferdinand Marcos and his associates said they still controlled
+large funds circulating in the country's economy.
+    Ramon Diaz, Chairman of the Presidential Commission on Good
+Government (PCGG) told Reuters in an interview: "There is every
+reason to believe that the cronies and President Marcos and his
+family were able to hide millions and millions of pesos before
+they fled. As a matter of fact we have been able to get hold of
+crates of newly printed currency."
+    Diaz did not give figures, but said: "We believe they still
+have a lot of funds. These are the funds that they will use in
+the coming elections. These are the funds that they used to
+stage those coups."
+    He was referring to congressional elections scheduled for
+May 11 and to the three coup attempts faced by President
+Corazon Aquino since she toppled Marcos a year ago.
+    Diaz said the PCGG so far has recovered cash and property
+valued at about eight billion pesos and had sequestered shares
+of stock of at least 286 firms. "We have achieved more than what
+we thought we could achieve in one year," he added.
+    The PCGG, set up by Aquino in February 1986, has sweeping
+powers of sequestration, seizure and inspection of bank
+accounts. Diaz said the panel's main task is to gather evidence
+for legal prosecution. "But we have to sequester before we file
+a case and that is the legal objection because they say that we
+shoot first before we ask questions," he said.
+    He said dividends from seized shares were held in trust
+funds pending court verdicts, adding several Marcos associates
+had made confessions about their wealth. He did not name them.
+    "They are very concerned and afraid that if their names
+appear something may happen to them," he said.
+    The government last week announced that businessman Antonio
+Floirendo, an associate of Marcos known as the "banana king," had
+turned over 70 mln pesos in cash to the PCGG and promised to
+surrender titles to property in New York and Hawaii worth
+another 180 mln pesos. In return, the PCGG said it had lifted
+freeze and sequestration orders on Floirendo's properties.
+    Diaz said there were already similar preliminary agreements
+with another Marcos associate, Roberto Benedicto. He said
+Benedicto had surrendered control of several newspapers and
+radio and television stations and agreed to PCGG control of the
+boards of a bank and a hotel he owned in the Philippines.
+    Diaz said the PCGG based its estimates of illegal wealth on
+income-tax returns and land titles of Marcos associates.
+"Anything over and above reported income -- that's what we have
+to recover," he said.
+    He said a decision by the PCGG last week to probe street
+certificates held by brokers at Manila's two stock exchanges
+was prompted by suspicion that illegal funds were in
+circulation.
+    Street certificates describe securities held in the name of
+a broker or another nominee instead of a customer so as to
+permit easy trading or transfer.
+    Share prices at the two exchanges reacted nervously last
+Tuesday when news of the probe leaked. The composite index at
+the Manila Stock Exchange fell 18.61 points to 451.51, while
+that at the Makati Stock Exchange slipped 1.7326 points to
+close at 63.0618. There was a slight recovery the following
+day.
+    The presidents of the two exchanges appealed to Diaz to
+carry out the probe discreetly so investors were not scared
+away, saying street certificates did not necessarily indicate
+"anomalous transactions."
+    "It's unfortunate that (news of the probe) leaked out to the
+papers," Diaz said.
+    Diaz said PCGG suspicions were aroused by the stock market
+boom over the past year. The Manila Stock Exchange composite
+index jumped 224 pct from 131.32 to 424.81 in 1986.
+    "One of our functions is to see to it that these assets that
+we have sequestered do not go right back into the hands of the
+(Marcos) cronies," he said.
+    "We want to make sure that these stock exchanges are not
+being manipulated by the cronies because maybe they want to
+launder their pesos and that is why the prices are just
+skyrocketing."
+    Diaz said the PCGG would limit its probe to sequestered
+stock in brewery giant San Miguel Corp, the Philippine Long
+Distance Telephone Co, mining conglomerate Benguet Corp, and
+Oriental Petroleum and Minerals Corp.
+    Shares of the four companies are among the most frequently
+traded on the two stock exchanges.
+    Diaz said at a meeting with the heads of the two exchanges
+last Thursday that the PCGG would act prudently in its
+investigation of street certificates, adding the panel
+supported government efforts to create a favourable investment
+climate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10077" NEWID="5164">
+<DATE>15-MAR-1987 04:20:09.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D></PLACES>
+<PEOPLE><D>khomeini</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0871&#31;reute
+r f BC-KHOMEINI-WARNS-AGAINS   03-15 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KHOMEINI WARNS AGAINST INTERNAL DISSENT</TITLE>
+<DATELINE>    LONDON, March 15 - </DATELINE><BODY>Iran's revolutionary leader, Ayatollah
+Ruhollah Khomeini, warned the nation's civilian and military
+hierarchy against discord and dissent, Tehran radio said.
+    A report, monitored by the British Broadcasting
+Corporation, said he gave the warning in a speech to senior
+government and military figures.
+    He said Iranians should guard against internal dissent and
+try to prevent it in a situation where foreign powers aimed to
+"smash Islam...And destroy every one of us."
+    His audience at a Tehran mosque included President Ali
+Khamenei, Prime Minister Mir-Hossein Mousavi and Hojatoleslam
+Ali Akbar Hashemi Rafsanjani, influential Speaker of the Majlis
+(Parliament) as well as military leaders, the radio said.
+    It quoted Khomeini as saying: "Everybody around us is
+pursuing the aim of destroying us from within. They say things
+like such-and-such happened at such-and-such a place, who is
+fighting whom...These things have an impact, and if one does
+not beg God for preservation from such evils, one may fall into
+a trap."
+    Urging support for Parliament and the armed forces,
+Khomeini said it was a "religious duty" to control negative
+feelings about others and to behave in a friendly way.
+    "We must support the Majlis. The Majlis must take sides with
+the nation. We must support the government and it must serve
+the nation," he said. "We must support the armed forces...They,
+too, should support you.
+    Khomeini said there should not be "one faction on one side
+and another on the other...The armed forces must be on the side
+of the Revolutionary Guards Corps and the Corps must support
+the armed forces."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10078" NEWID="5165">
+<DATE>15-MAR-1987 04:40:55.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>kenya</D></PLACES>
+<PEOPLE><D>camdessus</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0874&#31;reute
+r f BC-IMF-ASSURES-KENYA-OF   03-15 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF ASSURES KENYA OF MAXIMUM HELP</TITLE>
+<DATELINE>    NAIROBI, March 15 - </DATELINE><BODY>The International Monetary Fund (IMF)
+has assured Kenyan President Daniel Arap Moi it will continue
+to give his country maximum support, the official Kenya News
+Agency KNA said.
+    It said IMF Managing director Michel Camdessus made the
+pledge during talks with Moi in Washington yesterday.
+    Earlier this month, Moi told parliament Kenya would face a
+difficult balance of payments situation this year as a result
+of falling income from coffee exports and a higher oil import
+bill.
+    Foreign bankers in Nairobi have said a new loan agreement
+with the IMF would be Kenya's first option for dealing with the
+expected deficit.
+    According to KNA, Moi thanked Camdessus for the IMF's help
+to Kenya during difficult times in the past.
+    "Mr Camdessus assured president Moi that the IMF would
+continue to give Kenya maximum help," it added.
+    Moi pressed the U.S. To increase its level of aid to Kenya,
+which fell to 53 mln dlrs this year from 111 mln in 1984, and
+called for more U.S. Investment in the country.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10079" NEWID="5166">
+<DATE>15-MAR-1987 04:45:46.98</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0876&#31;reute
+f f BC-SAUDI-OIL-MINISTER-FO   03-15 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SAUDI OIL MINISTER FORESEES NO NEED FOR NEW OPEC MEASURES BEFORE JUNE 25
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10080" NEWID="5167">
+<DATE>15-MAR-1987 04:55:45.56</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>hisham-nazer</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0877&#31;reute
+b f BC-SAUDI-OIL-MINISTER-SE   03-15 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI OIL MINISTER SEES NO NEED TO ALTER OPEC PACT</TITLE>
+<AUTHOR>    By Philip Shehadi, Reuters</AUTHOR>
+<DATELINE>    RIYADH, March 15 - </DATELINE><BODY>Saudi Arabian Oil Minister Hisham Nazer
+said OPEC's December agreement to stabilise oil prices at 18
+dlrs a barrel was being implemented satisfactorily and there
+was no immediate need to change it.
+    Nazer, in an interview with Reuters and the television news
+agency Visnews, said Saudi Arabia was producing around three
+mln barrels per day (bpd) of crude oil, well below its OPEC
+quota.
+    Saudi Arabia, the world's largest oil exporter, will
+continue to restrain production as long as other OPEC members
+adhere to the pact, Nazer said.
+    The 13-nation OPEC agreed in December to cut its production
+ceiling by 7.25 pct to 15.8 mln bpd and abide by fixed prices
+averaging 18 dlrs a barrel from February 1.
+    Nazer, in his first interview since succeeding Ahmed Zaki
+Yamani last October, said: "I do not foresee any need for new
+measures before the 25th of June when our (next OPEC) meeting
+will take place as scheduled."
+    Nazer said OPEC was producing below 15.8 mln bpd and all
+members were abiding by its agreements.
+    "We've heard news every now and then of violations but they
+were not at all verified," he said.
+    OPEC production curbs have boosted world oil prices from a
+13-year low of around eight dlrs a barrel last August to near
+18 dlrs after announcement of the December pact.
+    Spot market prices slipped some two dlrs in February but
+have firmed in the past two weeks to near OPEC levels as
+traders gained confidence in OPEC price and output discipline.
+    Nazer said Saudi Arabia would continue to produce below its
+4.133 mln bpd quota if necessary to defend the 18 dlr price.
+    "As long as all the OPEC members adhere to the program as
+devised in December, Saudi Arabia will continue to adhere to
+the agreement," he said.
+    Current production of three mln bpd includes oil from the
+Neutral Zone shared with Kuwait, but not sales from floating
+storage, Nazer said.
+    King Fahd of Saudi Arabia, in an interview with Reuters and
+Visnews on March 11, said the kingdom wanted oil price
+stability and called on non-OPEC producers to avoid harmful
+competition with OPEC.
+    "Saudi Arabia doesn't decide prices by itself but certainly
+desires price stability," he said.
+    Nazer said the output level did not mean the kingdom had
+returned to a role of "swing producer" within OPEC.
+    Saudi Arabia allowed its output to sink as low as two mln
+bpd in August 1985 to compensate for slack demand and
+over-production by some OPEC states.
+    "Saudi Arabia is not playing that role. It is being played
+by OPEC membership as a whole because the reduction in the 15.8
+mln bpd share of OPEC in the market is being shared by other
+members of OPEC," Nazer said.
+    Nazer said OPEC estimated demand for its oil during third
+quarter this year would be around 16.6 mln bpd.
+    But he said if circumstances changed "I am sure then the
+OPEC members will consult with each other and take the
+necessary measures."
+    Oil analysts say the OPEC pact could come under strain when
+demand for petroleum products generally falls in the northern
+hemisphere spring and summer.
+    Nazer said he was satisfied with the extent of cooperation
+from non-OPEC producers. Norway, Egypt and the Soviet Union
+agreed to help OPEC by restraining production or exports after
+he visited them on OPEC's behalf earlier this year.
+    "We did not ask any country to do anything. These were
+programmes they thought were necessary to stabilise market
+conditions and to help themselves attain better pricing
+conditions," Nazer said.
+    He said it was up to countries that declined to cooperate
+-- such as Britain -- to come up with their own proposals if
+they saw fit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10081" NEWID="5168">
+<DATE>15-MAR-1987 05:42:40.09</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0883&#31;reute
+r f BC-IVORY-COAST-CONFIRMS   03-15 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IVORY COAST CONFIRMS PRESENCE AT COCOA TALKS</TITLE>
+<AUTHOR>    By Roger May, Reuters</AUTHOR>
+<DATELINE>    ABIDJAN, March 15 - </DATELINE><BODY>A senior Ivory Coast Agriculture
+Ministry official confirmed his country's backing for a new
+international cocoa pact and said Ivorian delegates would be
+present at talks on its buffer stock starting this week.
+    The official told Reuters that Ivorian Agriculture Minister
+Denis Bra Kanon would attend the opening of the talks, convened
+by the International Cocoa Organization (ICCO), in London on
+Monday.
+    While Bra Kanon is due to return home this week for funeral
+ceremonies for a sister of Ivorian President Felix
+Houphouet-Boigny, scheduled to be held in the country's capital
+Yamoussoukro between March 19-22, senior Ivorian delegates will
+be present throughout the London talks, the official said.
+    Bra Kanon is chairman of the ICCO Council and rumours that
+he or Ivorian delegates might be delayed because of public
+mourning in the West African nation helped depress already low
+world cocoa prices Friday.
+    The official said Ivory Coast continued to support the new
+pact, which was agreed in principle last year by most of the
+world's cocoa exporters and consumers.
+    He also said Bra Kanon would fulfil his duties as ICCO
+Council chairman during the talks, scheduled to end on March
+27.
+    The meeting aims to set rules for the operation of the
+pact's buffer stock which producers hope will boost a market
+hit by successive world cocoa surpluses.
+    Ivory Coast did not participate in the last international
+cocoa pact and its decision to join the new accord has sparked
+hopes that it will be more successful in supporting prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10082" NEWID="5169">
+<DATE>15-MAR-1987 06:19:34.96</DATE>
+<TOPICS><D>trade</D><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0888&#31;reute
+r f BC-TENSE-TRADE-TIES-TO-D   03-15 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENSE TRADE TIES TO DOMINATE EC TALKS</TITLE>
+<DATELINE>    BRUSSELS, March 15 - </DATELINE><BODY>Tense trade relations with the U.S.
+And Japan and concern about the foreign impact of a proposed
+European Community (EC) tax on edible oils and fats are
+expected to dominate talks by EC foreign ministers here
+tomorrow.
+    EC diplomats said Britain demanded the early debate on the
+EC Executive Commission's proposal to impose a hefty tax on
+domestic and imported oils and fats in an attempt to head off a
+proposal it sees as extremely damaging to EC foreign relations.
+    The proposal was the most controversial part of a reform
+package, due to be discussed by EC farm ministers later this
+month, of the EC's Common Agricultural Policy -- widely seen as
+the root cause of the EC's persistent financial problems and of
+tensions with major trading partners.
+    The proposal is described by its promoters as a
+stabilisation program which would penalise a new sector going
+into massive overproduction and complement proposals to cut
+cereals and dairy production, rather than a straight forward
+tax.
+    They say it would not only curb the growth of oils and fats
+production and prevent imports from filling any vaccum left by
+a fall in EC output, but would also save the EC some two
+billion European Currency Units, over two billion dlrs, in farm
+costs.
+    It has provoked strong protests from domestic producers as
+well as foreign exporters, led by the United States.
+    The diplomats said the protests had been received from most
+corners of the developing and developed world, ranging from
+Senegal, Malaysia and Indonesia, to Brazil, Argentina, Canada,
+Iceland and Norway.
+    The proposal had little chance of approval by EC
+governments, with West Germany as strongly opposed to it as
+Britain, and Denmark, the Netherlands and Portugal also
+unconvinced of its political or economic wisdom.
+    Even Mediterranean countries such as Italy, France and
+Greece, which backed similar proposals in the past, did not
+seem as enthusiastic now because olive oil had been added to
+the list of products affected.
+    But the diplomats said a protectionist lobby in the U.S.
+And elsewhere was using the proposal as an excuse to promote
+anti-EC action, and the foreign ministers' debate should
+demonstrate the strength of feeling against the proposal within
+the EC and deprive its oponents of this argument.
+    The ministers were also due to discuss proposals in the
+U.S. Congress for a range of protecionist legislation such as a
+bill that would curb EC textile exports.
+    The diplomats said the ministers were expected to strongly
+back a Commission warning to Washington that such a bill, if
+enacted, would provoke swift EC retaliation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10083" NEWID="5170">
+<DATE>15-MAR-1987 06:23:12.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0893&#31;reute
+r f BC-NEW-SAUDI-SHARE-INDEX   03-15 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW SAUDI SHARE INDEX INTRODUCED</TITLE>
+<DATELINE>    JEDDAH, March 15 - </DATELINE><BODY>Saudi Arabia's Ministry of Finance and
+National Economy has started to issue an index to measure share
+activity in the kingdom.
+    An official of the Ministry's National Centre for Financial
+and Economic Information said the weekly index, based on the
+U.S. Standard and Poors Index, had been kept for over two years
+but was only now being published.
+    Measuring the prices of 48 companies currently traded in
+Saudi Arabia, the index reached 68.72 points in the week ended
+last March 5, down from the previous week's 69.50.
+    It is divided into four subcategories -- agriculture which
+stood at 99.03 points on March 5, industry at 54.44, services
+at 76.93 and finance at 61.46.
+    The ministry begun issuing the index at a time when the
+situation is improving in the Saudi stock market after a
+two-year decline.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10084" NEWID="5171">
+<DATE>15-MAR-1987 07:12:06.18</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0898&#31;reute
+r f BC-SAUDI-BUSINESSMEN-TO   03-15 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI BUSINESSMEN TO DISCUSS PRIVATE SECTOR</TITLE>
+<AUTHOR>    By Stephen Jukes, Reuters</AUTHOR>
+<DATELINE>    ABHA, Saudi Arabia, March 15 - </DATELINE><BODY>Saudi Arabian business
+leaders assembled for a conference aimed at thrashing out
+problems facing the private sector of the kingdom's
+oil-dependent economy.
+    The meeting of some 500 top businessmen from across Saudi
+Arabia comes at a time of guarded optimism in industry and
+commerce following the OPEC pact to boost world oil prices.
+    The four-day conference in this resort town, high in the
+mountains above the Tihamah plain stretching to the Red Sea,
+has been organised by Saudi Arabia's chambers of commerce.
+    Finance Minister Mohammed Ali Abal-Khail and Commerce
+Minister Suleiman Abdulaziz al-Salim will attend the first day.
+    Bankers and businessmen said the conference will air
+problems facing commerce and industry after last year's slide
+in oil prices and examine ways to promote higher investment in
+a private sector sorely short of finance.
+    Government planners have long recognised that Saudi Arabia,
+the world's largest crude exporter, needs to foster private
+enterprise to diversify its oil-based economy.
+    The fledgling private sector was hard hit by the Middle
+East recession as early as 1983 and several big manufacturing
+and trading companies ran into problems repaying loans.
+    Renewed optimism this year stems largely from the accord
+reached by OPEC last December to curb oil output and boost
+prices to a benchmark level of 18 dlrs per barrel.
+    With oil prices recovering, Saudi Arabia went ahead at the
+turn of the year with long-delayed budget plans incorporating a
+52.7 billion riyal deficit to be bridged by drawing down
+foreign reserves.
+    The simple act of publishing a budget restored a measure of
+confidence to the business community.
+    Some share prices have risen by more than 35 pct since last
+November, while banks are generally reporting a slowdown in the
+number of new non-performing loans.
+    But not all bankers are convinced. One senior corporate
+finance manager in Riyadh said: "Banks are still reluctant to
+lend ... There is certainly more optimism in the air, but I am
+not sure if it is firmly based."
+    Some businessmen and bankers point out that government
+spending is still under tight control and the non-oil economy
+may still be contracting.
+    Capital expenditure on large projects has been cut sharply.
+A U.S. Embassy report on Saudi Arabia published just before the
+budget said: "While industrialisation has continued to be one of
+the government's highest priorities, the recession, the
+payments problem and the lack of financing have reduced Saudi
+and foreign investor interest in industry."
+    It is the lack of fresh investment that is expected to be a
+major issue among the businessmen gathered here.
+    Official figures show the number of new licences for
+industrial ventures fell 24 pct in the six months to March
+1986, compared with the same period in 1985.
+    Lending by the Saudi Industrial Development Fund, a major
+source of industry backing, has fallen steadily since 1983.
+    Trading companies have also been hit, some caught with huge
+inventories of construction equipment as recession bit.
+    Some firms laid off workers and cut bloated inventories.
+Others have effectively been liquidated. A few have reached
+agreement with bankers to extend debt repayments.
+    The latest rescheduling is for the shipping-to-hotels
+conglomerate REDEC. Its negotiators have just initialled a
+draft accord to restructure payments on 1.3 billion riyals of
+bank debt.
+    Bankers and businessmen said the conference was also likely
+to discuss the apparent reluctance of U.S. And British firms to
+step up investment in the kingdom.
+    A British government delegation has just left Riyadh after
+holding preliminary talks on ways of offsetting the huge Saudi
+outlay on a defence contract to supply 132 fighter aircraft
+worth five billion stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10085" NEWID="5172">
+<DATE>15-MAR-1987 07:52:42.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0906&#31;reute
+r f BC-CITROEN-EXPECTS-HIGHE   03-15 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITROEN EXPECTS HIGHER PROFITS, HELPED BY AX</TITLE>
+<DATELINE>    NICE, France, March 15 - </DATELINE><BODY>Automobiles Citroen expects rising
+sales of its new AX compact car to help boost profits
+significantly this year, continuing a financial recovery after
+six straight years of losses, president Jacques Calvet said.
+    Speaking to reporters during weekend trials for the new AX
+sports model, he said: "All the budgetary forecasts that we have
+been able to make ... Show a relatively significant improvement
+in 1987, compared with 1986," he added.
+    Citroen, part of the private Peugeot SA &lt;PEUP.PA> group,
+increased its share of the French new car market to 13.7 pct in
+first two months 1987 from 12.1 pct a year earlier. It is
+aiming for an average 12.8 pct share throughout the year after
+11.7 pct in 1986.
+    The firm believes it is on target to raise its share of the
+European market, excluding France, to 3.2 pct this year from
+2.9 pct in 1986.
+    "Our first problem is to produce enough vehicles to meet the
+demand," Calvet said. "This is a relatively new problem for us."
+    Citroen lost close to two billion francs in 1984 but cut
+the deficit to 400 mln in 1985, helped by moves to modernise
+its range and improve productivity.
+    Calvet indicated last December he expected Citroen's 1986
+profit to be between 250 and 500 million francs.
+    This weekend he said that those profit estimates "remain
+about the same -- perhaps even a little more optimistic."
+    Some of this optimism is due to the early success of the
+AX, launched on the French market last October. It will be
+available throughout most of western Europe within four months.
+    The car has registered just over 20,000 sales.
+    It is being built at Citroen's large plant at Aulnay-sous-
+Bois in northern Paris, as well as at Rennes in Brittany and
+Vigo in Spain, with production just reaching target level of
+1,000 cars a day.
+    The car, which Citroen markets as an intermediate model
+between its long-running 2CV and the Visa, is designed to
+compete with the Renault 5, Volkswagen Polo and Opel Corsa.
+    The AX had built up its market share in France to around
+four pct last month. Calvet said: "Our hope is that once the AX
+is fully developed, we will have between 6.5 and seven per cent
+of the national market."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10086" NEWID="5173">
+<DATE>15-MAR-1987 18:57:22.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0925&#31;reute
+u f BC-WELLINGTON,-AUCKLAND   03-15 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELLINGTON, AUCKLAND BANK STAFF ACCEPT PAY DEAL</TITLE>
+<DATELINE>    WELLINGTON, March 16 - </DATELINE><BODY>Trading bank staff in Wellington and
+Auckland voted to accept a 7.9 pct pay rise, ending any threat
+of strike action, the Bank Officers Union said.
+    Union president Angela Foulkes told Reuters that Wellington
+and Auckland staff are still unhappy with the offer but
+accepted it because they could not have forced a higher offer
+when provincial union members had already accepted the 7.9 pct.
+    Provincial bank staff approved the offer at meetings last
+week but Wellington and Auckland workers had initially
+threatened to strike in support of a higher claim.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10087" NEWID="5174">
+<DATE>15-MAR-1987 20:36:50.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0941&#31;reute
+u f BC-NEW-ZEALAND-CANCELS-W   03-15 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND CANCELS WEEKLY T-BILL TENDER</TITLE>
+<DATELINE>    WELLINGTON, March 16 - </DATELINE><BODY>The Reserve Bank said it has
+cancelled the regular weekly treasury bill tender scheduled for
+March 17.
+    It said in a statement that forecasts show a net cash
+withdrawal from the system. Cash flows, which include
+half-yearly provisional and terminal tax payments, are expected
+to more than offset cash injections.
+    Cash balances should fluctuate around 30 mln N.Z. Dlrs over
+the week after open market operations, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10088" NEWID="5175">
+<DATE>15-MAR-1987 21:54:20.84</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0978&#31;reute
+u f BC-NO-TAIWAN-SUGAR-EXPOR   03-15 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO TAIWAN SUGAR EXPORTS EXPECTED THIS YEAR</TITLE>
+<DATELINE>    TAIPEI, March 16 - </DATELINE><BODY>Taiwan is not expected to export sugar
+this year because of falling production and growing domestic
+consumption, state-owned Taiwan Sugar Corp said.
+    A company spokesman told Reuters this will be the first
+time in more than 40 years Taiwan has not exported sugar. Last
+year, sugar exports totalled 149,755 tonnes.
+    He said the actual production during the 1986/87 season
+(November/May) is about 480,000 tonnes, barely enough to meet
+local consumption. This compares with actual 1985/86 output of
+570,000. He said the production fall was due to typhoon damage
+to more than 6,000 hectares of canefields last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10089" NEWID="5176">
+<DATE>15-MAR-1987 22:04:48.36</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0982&#31;reute
+u f BC-LEADING-INDUSTRIAL-NA   03-15 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEADING INDUSTRIAL NATIONS TO MEET IN APRIL</TITLE>
+<AUTHOR>    By Peter Torday</AUTHOR>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Leading industrial nations will meet
+again next month to review their accord on currency stability,
+but U.S. Officials said financial markets are convinced for now
+the countries will live up to commitments to speed up economic
+growth.
+    The narrow currency movements of recent weeks strongly
+suggests the six leading industrial countries have tamed the
+normally unruly financial markets and next month's talks seem
+likely to build on that stability.
+    A Reagan administration official said the Paris agreement
+last month was the main reason markets were calm.
+    But he said in an interview that financial markets also
+understood, "That all six countries concluded that the measures
+to be taken over a period of time in the future should foster
+stability of exchange rates around current levels. That is in
+fact what has happened since Paris."
+    Monetary analysts said stability has been helped in part by
+the decision of industrial nations to bury the hatchet and
+cease to quarrel over short-term policy objectives.
+    Instead they have focused on medium-term policy goals, but
+left room to adjust their agreements with periodic meetings.
+    The official refused to comment, however, on whether the
+agreement included a secret pact to consider further
+coordinated interest rate cuts -- a measure industrial nations
+have taken jointly several times in the past year.
+    On February 22, the United States, Japan, West Germany,
+France, Britain and Canada agreed that major currencies were
+within ranges broadly reflecting underlying economic
+conditions, given commitments by Washington to cut its budget
+deficit and by Toyko and Bonn to boost economic growth.
+    The shake-up would strengthen the U.S. Position in
+future international talks.
+    "I think these changes will strengthen the President's hand
+politically and the stronger he is politically the better off
+we are with the Congress and the better off we are in
+international fora," said the official, an Administration
+economic policymaker. "So it would be beneficial to the
+continued conduct of our initiatives."
+    But the official also said the Administration would resist
+calls for a tax increase to cut the budget deficit -- a target
+Europeans say is crucial to help curb economic instability.
+    Last week, dealers said the Federal Reserve intervened to
+stop the dollar rising against the mark, which had breached
+1.86 to the dollar. British authorities are also understood to
+have intervened to curb sterling's strength.
+    International monetary sources say finance ministers and
+central bankers, who will review market performance and their
+own economic prospects, will reassemble again in Washington
+just before the April 9 policymaking meeting of the
+International Monetary Fund.
+    The sources said Italy, which refused to join the Paris
+pact, was invited back by Treasury Secretary James Baker.
+    Since Paris, there are signs West German growth is slowing,
+while U.S. Officials said they were giving Japan until April to
+show that an economic stimulus package was in the offing.
+    Signs of concern about German prospects emerged recently
+when Bundesbank (central bank) president Karl Otto Poehl told
+bankers he would consider cutting West German interest rates if
+the Fed was ready to follow suit.
+    A Reagan Administration official said this would show there
+had been some change in approach on the part of the central
+bank in Germany.
+    But he declined to comment on the prospects for action by
+the Fed and the Bundesbank.
+    "If there is such a provision it is private and if I talked
+about it, it would no longer be private," said the official, who
+asked not to be identified.
+    Public comments by Fed officials suggest the central bank
+is keeping credit conditions broadly unchanged, but if the
+major economies continue to show sluggish growth and the U.S.
+Trade deficit remains stubbornly high, further coordinated
+action could be on the April agenda.
+ REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10090" NEWID="5177">
+<DATE>15-MAR-1987 22:38:51.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0999&#31;reute
+u f BC-HARPER-AND-ROW-&lt;HPR>   03-15 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARPER AND ROW &lt;HPR> TO MULL OPTIONS AFTER BIDS</TITLE>
+<DATELINE>    NEW YORK, March 15 - </DATELINE><BODY>Harper and Row Publishers Inc said its
+board of directors decided to take no action on two takeover
+bids that the company has received. Instead, it appointed a
+committee of independent directors to study strategic
+alternatives for the 170-year-old firm.
+    The alternatives include continuation of the company's
+existing business plans, possible business combinations, sales
+of stock, restructuring and the sale of all or part of the
+company.
+    Kidder Peabody and Co Inc has been retained to advise on
+the alternatives, Harper and Row added.
+    Private investor Theodore Cross last week offered 34 dlrs a
+share for Harper and Row, prompting a rival bid of 50 dlrs a
+share from another publishing firm, Harcourt Brace Jovanovich
+Inc &lt;HBJ>.
+    After considering the two offers at a meeting on Friday,
+the Harper and Row board decided not to act on them.
+    The directors unanimously expressed their strong desire to
+preserve the company's independence and take advantage of its
+"considerable future prospects," according to director Winthrop
+Knowlton, former chief executive and now chairman of the newly
+established independent committee.
+    "However, given the significant current interest in the
+company, we also feel that we should carefully review all the
+options available. The committee will consider all the
+pertinent facts and alternatives.... We intend to make a
+careful and informed decision but will proceed expeditiously to
+a conclusion," Knowlton said.
+    Pending its deliberations, Harper and Row's board has
+postponed indefinitely a special meeting of stockholders that
+had been scheduled for April 2 to discuss a proposal to
+recapitalize the company's stock to create two classes of
+shares with different voting rights.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10091" NEWID="5178">
+<DATE>15-MAR-1987 22:50:35.41</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1004&#31;reute
+u f BC-SOVIET-FIGURES-SHOW-E   03-15 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET FIGURES SHOW ECONOMY STILL SHORT OF TARGETS</TITLE>
+<DATELINE>    MOSCOW, March 16 - </DATELINE><BODY>The Soviet economy recovered slightly
+last month after a poor performance in January, but major
+industries, including oil and machinery, are still short of
+production targets, official figures show.
+    Central Statistical Board data published in the weekly
+Ekonomicheskaya Gazeta yesterday showed that industrial output
+was only up 0.8 pct in the first two months of 1987 over the
+same period of last year.
+    However, the figure for January alone showed a fall in
+output of 0.1 pct from a year earlier. Production is targetted
+to increase 4.4 pct for all of 1987.
+    The figures showed that only 77 pct of enterprises met
+their supply obligations in January and February.
+    Production of oil, the country's main export to Western
+nations, hit 100 mln tonnes in January and February, up from
+97.3 mln a year earlier, and exceeded its target by 0.5 pct.
+    Economists said this reflected the huge investments poured
+into the oil sector in recent months in an effort to reverse
+the stagnation in production which began in November 1983.
+    Falling world oil prices last year helped cause a decline
+in Soviet trade with the West to 130 billion roubles from 141.6
+billion in 1985.
+    Ekonomicheskaya Gazeta said labour productivity targets
+were also not fulfilled, but did not give figures.
+    Economists said the overall data reflected exceptionally
+bad weather at the start of the year and stricter quality
+controls imposed on enterprises.
+    Production in the machine-building sector, a priority in
+Moscow's plans for economic renewal, recovered slightly in
+February but was still 3.6 pct lower in the first two months of
+the year compared with the same period of 1986.
+    The figures showed that five republics produced less than
+in the first two months of 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10092" NEWID="5179">
+<DATE>15-MAR-1987 22:54:27.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1010&#31;reute
+u f BC-PARIBAS-PLAN-TO-ADJUS   03-15 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIBAS PLAN TO ADJUST ECUADOR LOAN TERMS OPPOSED</TITLE>
+<DATELINE>    NEW YORK, March 15 - </DATELINE><BODY>Banque Paribas, which arranged a 220
+mln dlr loan for Ecuador last year to pre-finance oil exports,
+wants to adjust the terms of the facility to help the country
+recover from a devastating earthquake, bankers said.
+    But the French bank's plan, which would effectively
+postpone repayment of about 30 mln dlrs of the loan for several
+months, is running into stiff resistance from many of the 52
+members of the loan syndicate.
+    The pipeline that carries all Ecuador's oil exports was
+ruptured in the March 5 tremor and will take about five months
+to repair at a cost of some 150 mln dlrs.
+    President Leon Febres Cordero on Friday estimated total
+damage caused by the quake at one billion dlrs and said that as
+a result Ecuador would maintain January's suspension of
+interest payments on its foreign commercial bank debt.
+    Payments were halted in January because of the drop in the
+price of oil, which accounts for nearly two-thirds of Ecuador's
+export earnings and 60 pct of government revenue.
+    Many banks in the Paribas facility, although sympathetic to
+Ecuador's plight, feel that emergency financial relief is a job
+for international financial organisations and not for
+commercial banks, bankers said.
+    The 18-month oil-financing facility, which was signed last
+October 28, is one of the few purely voluntary credits for a
+Latin American nation since the region's debt crisis erupted in
+August 1982.
+    Because it was a voluntary deal, many bankers feel strongly
+that the orginal terms must be adhered to. Otherwise, they
+fear, the gradual re-establishment of normal market conditions
+for Latin borrowers will be set back.
+    "There's a lot of reluctance by the other banks. They feel
+it's a different facility, and so any kind of suggestion of a
+restructuring would look bad," one banker said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10093" NEWID="5180">
+<DATE>15-MAR-1987 23:02:29.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>egypt</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1014&#31;reute
+u f BC-EGYPT,-SOVIET-UNION-T   03-15 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT, SOVIET UNION TO RENEGOTIATE ARMS DEBT TERMS</TITLE>
+<DATELINE>    CAIRO, March 16 - </DATELINE><BODY>Egypt and the Soviet Union are expected
+to sign an agreement in Moscow next week settling Cairo's three
+billion dlr military debt, Egyptian officials said.
+    One official, who asked to remain anonymous, told Reuters a
+draft agreement would reduce to zero from two pct future
+interest payable on the 10 year-old debt, and set a 25 year
+repayment term.
+    Talks are due to begin in Moscow on Wednesday.
+    Economy Minister Youssri Mustapha, who leaves for Moscow on
+Tuesday, met President Hosni Mubarak and Egyptian ambassador to
+Moscow Salah Bassiouni to discuss the issue.
+    One official said Egypt would propose a new exchange rate
+for trade with the Soviet Union. Current commerce is based on a
+rate set in the 1960s of 0.38 Egyptian pounds to the dollar
+which Moscow sees as unreasonable. The fluctuating official
+rate is about 1.36 pounds to the dollar.
+    The officials said part of the debt would be paid in
+exports of goods such as textiles, leather and furniture.
+    Egypt wants to settle the debt problem partly to open the
+door for new cooperation, mainly in modernising Soviet-built
+steel, aluminium and fertiliser plants under a five-year
+development plan ending June 30 1992.
+    Egypt, which already imports Soviet coal, wood, newsprint
+and glass, also wanted a debt deal to allow purchases of
+currently blocked spare parts for its ageing Soviet military
+hardware, the officials said.
+    An estimated 65 pct of Egypt's arsenal is still made up of
+Soviet-supplied equipment, one official said.
+    Cairo stopped repaying Moscow for arms purchases in 1977
+when then-president Anwar Sadat broke with its long-standing
+ally and turned to the U.S..
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10094" NEWID="5181">
+<DATE>15-MAR-1987 23:06:17.66</DATE>
+<TOPICS><D>money-fx</D><D>reserves</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1017&#31;reute
+u f BC-PERU-BEGINS-FOREIGN-E   03-15 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU BEGINS FOREIGN EXCHANGE RATIONING</TITLE>
+<DATELINE>    LIMA, March 15 - </DATELINE><BODY>Peru will put into effect Monday a foreign
+exchange rationing system for imports designed to stop a slide
+in the country's international reserves, a government decree in
+the Official Gazette said.
+    Under the system, importers will be required to present a
+bill from the foreign seller of goods and apply for a license
+for foreign exchange. The central bank will have 10 days to
+decide whether to issue the required foreign exchange.
+    Net international reserves now total about 800 mln dlrs
+compared to 1.54 billion dlrs a year ago.
+    The system will be effective until the end of 1988.
+    A ceiling for foreign exchange availability will be set by
+a council with members from the central bank, the economy
+ministry and the planning and foreign trade institutes. The
+central bank will issue licenses to procure foreign exchange in
+accordance with guidelines set by the council.
+    Peru's reserves fell sharply due to a drop in the trade
+surplus to about five mln dlrs in 1986 from 1.1 billion in
+1985, according to preliminary central bank estimates.
+   Total exports dropped to 2.50 billion dlrs last year against
+2.97 billion in 1985.
+   Imports last year rose sharply as gross domestic product
+grew by about 8.5 pct, the highest economic growth level
+registered in 12 years. Imports were about 2.49 billion dlrs in
+1986 against 1.87 billion in 1985, according to preliminary
+estimates.
+    The cushion of reserves allowed Peru to take a hard-line
+debt stance last year and suspend most payments due on its 14.3
+billion dlr foreign debt.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10095" NEWID="5182">
+<DATE>15-MAR-1987 23:10:51.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>mohammed-ali-abal-khail</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1022&#31;reute
+u f BC-SAUDI-ARABIA-TO-EXAMI   03-15 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA TO EXAMINE LATE CONTRACTOR PAYMENTS</TITLE>
+<DATELINE>    ABHA, Saudi Arabia, March 16 - </DATELINE><BODY>Finance Minister Mohammed
+Ali Abal-Khail said a committee will be set up to examine the
+problem of late government payments to contractors and
+companies operating in the kingdom.
+    He told a working session on the first day of a
+businessmen's conference yesterday that the committee, made up
+of Finance Ministry and Chamber of Commerce officials, will be
+formed shortly.
+    He said the committee will also investigate disputes
+between contractors and the government, but said the foreign
+press had to some extent exaggerated payments problems.
+    Abal-Khail said, "It is only natural that among those
+thousands of contracts some problems perpetrated by disputes
+over specifications, contractual obligations, project-handovers
+and duration of contracts arose."
+    Late payments, or in some cases total absence of payments,
+have been a major source of concern for both the Saudi private
+sector and foreign contractors operating in the kingdom.
+    Businessmen said the minister's remarks were a rare
+admission of problems in the contract sector and the first
+concrete sign of government action to tackle payments delays.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10096" NEWID="5183">
+<DATE>15-MAR-1987 23:20:06.27</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1024&#31;reute
+u f BC-TAIWAN-SAYS-U.S.-WANT   03-15 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN SAYS U.S. WANTS TAIWAN DOLLAR TO APPRECIATE</TITLE>
+<DATELINE>    TAIPEI, March 16 - </DATELINE><BODY>The United States wants Taiwan's
+currency to appreciate faster to reduce Taiwan's trade surplus
+with the U.S., A senior trade official said.
+    Board of Foreign Trade director Vincent Siew told reporters
+on Saturday U.S. Officials told him in Washington last week
+that unless Taiwan allowed its dollar to rise faster it would
+face retaliation.
+    Siew returned from Washington on Friday after the U.S
+responded to Taiwan's request to increase its textile export
+quotas by promising further talks in May. Taiwan's surplus with
+the U.S. Hit a record 13.6 billion U.S. Dlrs in 1986.
+    Washington signed a three-year accord with Taipei last year
+limiting textile export growth to 0.5 pct a year.
+    Siew said the Taiwan dollar had risen by about 15 pct
+against the U.S. Dollar since September 1985.
+    It surged last week amid indications Washington was seeking
+a major rise in its value. It rose four cents against the U.S.
+Dollar on Saturday to close at 34.59.
+    Western trade sources told Reuters Taiwan and the U.S. Have
+been holding talks on the currency issue but added it is not
+clear how far Washington wants to see the Taiwan dollar rise.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10097" NEWID="5184">
+<DATE>15-MAR-1987 23:21:52.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1026&#31;reute
+u f BC-SAUDI-ECONOMIC-OUTLOO   03-15 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ECONOMIC OUTLOOK IMPROVED, MINISTER SAYS</TITLE>
+<DATELINE>    ABHA, Saudi Arabia, March 16 - </DATELINE><BODY>Saudi Arabia's economy is
+showing signs of picking up after problems last year caused by
+the steep fall in oil prices, Commerce Minister Suleiman
+Abdulaziz al-Salim said.
+    Salim told a conference of Saudi businessmen the government
+had taken a bold step to stimulate the economy by drawing down
+more than 50 billion riyals of reserves in its 1987 budget.
+    Salim said one tangible sign of that optimism had been a
+strong rise in the price of Saudi shares. Some have gained by
+more than 35 pct since last November.
+    But the keynote speaker, Prince Khaled al-Faisal, accused
+Saudi businessmen of ingratitude because they preferred to
+invest abroad rather than in Saudi Arabia.
+    The need to increase private investment in Saudi Arabia is
+expected to be a major theme of the conference.
+    Saudi Arabia's economic planners have long recognised the
+need to stimulate the private sector and diversify the
+oil-dependent economy.
+    But despite the encouraging signals cited by Salim, some
+businessmen and bankers said they are still sceptical about
+prospects for the economy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10098" NEWID="5185">
+<DATE>15-MAR-1987 23:24:30.61</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>tanzania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f1029&#31;reute
+u f BC-TANZANIA-WANTS-TO-EXP   03-15 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANZANIA WANTS TO EXPORT 200,000 TONNES OF MAIZE</TITLE>
+<DATELINE>    DAR ES SALAAM, March 16 - </DATELINE><BODY>Tanzania seeks to export a
+surplus of 200,000 tonnes of maize from last year's bumper
+harvest, agriculture minister Paul Bomani said yesterday.
+    The 1986 maize crop was officially estimated at 2.1 mln
+tonnes, but only a fraction of this was marketed, with most
+grain consumed by the farmers who grew it.
+    The state-owned National Milling Corp (NMC) meanwhile said
+it is trying to sell 190,742 tonnes of maize stored in
+different parts of the country.
+    NMC acting general manager John Rubibira said Tanzania has
+only 56,000 tonnes of silo storage capacity, concentrated in
+Dar es Salaam, Arusha in the north and Iringa in central
+Tanzania.
+    In addition, the country has 450,000 tonnes of flat storage
+capacity, he added.
+    Rubibira said the government is planning to build new silos
+in the main maize producing areas of Iringa, Mbeya, Ruvuma and
+Rukwa.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10099" NEWID="5186">
+<DATE>15-MAR-1987 23:28:04.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1031&#31;reute
+u f BC-PHILIPPINES'-ONGPIN-O   03-15 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES' ONGPIN OPTIMISTIC ON DEBT TALKS</TITLE>
+<AUTHOR>    By ALAN WHEATLEY, REUTERS</AUTHOR>
+<DATELINE>    NEW YORK, March 15 - </DATELINE><BODY>Philippines finance minister Jaime
+Ongpin said he was cautiously optimistic an accord on debt
+rescheduling would be reached with commercial bank creditors,
+as he prepared for the third week of talks starting Monday.
+    "One can never be too optimistic, but I'm cautiously
+optimistic that we can get an agreement....We think we're close
+to a deal," Ongpin told Reuters by telephone.
+    He said he had received a new proposal from the banks late
+Friday and had spent the weekend evaluating it with other
+members of the Philippine delegation.
+    Ongpin declined to disclose details of the banks' new offer
+and bankers also declined to be specific ahead of their next
+meeting with Ongpin on Monday. But one senior banker said he
+too was guardedly optimistic a deal could be struck, possibly
+by the end of the week.
+    Still at the heart of the talks is Ongpin's offer to pay
+part of the country's interest bill in Philippine Investment
+Notes, PINs, instead of cash. The bank creditors' advisory
+committee led by Manufacturers Hanover Trust Co rejected the
+concept as it was originally drafted, but the counter-proposal
+made on Friday contains a revised version, bankers said.
+    Manila, seeking to reschedule 9.4 billion dlrs of its total
+debt of 27.2 billion, wants to pay the London Interbank Offered
+Rate (LIBOR) in cash and a margin above LIBOR in PINs.
+    These dollar-denominated notes would be sold by banks at a
+discount to multi-national firms which would then convert them
+at face value with the central bank, thus receiving subsidized
+pesos for use in funding government-approved investments.
+    Effectively foreign companies would be paying the interest
+margin above LIBOR. The Philippines would conserve foreign
+exchange and enjoy investment inflows, reducing marginally the
+need to seek new bank loans.
+    But the banks rejected the PINs proposal in its original
+form, fearing regulatory and accounting problems.
+    They were also reluctant to veer from the principle that
+interest should be paid in cash not paper, fearing that other
+debtor nations would emulate the idea, bankers said.
+    Ongpin sweetened his original offer by guaranteeing that
+his government would redeem the notes at 7/8 pct over LIBOR if
+there was no buyer in the secondary market.
+    Last week the banks came under pressure to accept this,
+when senior U.S. Officials endorsed it as fully consistent with
+Treasury Secretary James Baker's debt strategy.
+    But banking sources said that the margin over LIBOR was
+still a sticking point.
+    After Venezuela clinched a revised rescheduling agreement
+last month at 7/8 pct over LIBOR, some New York bankers
+imediately claimed that 7/8 pct should be seen as a new
+benchmark for a debtor that needs no new loans, is current on
+interest and is repaying some principal.
+    The Philippines meets the first two criteria but not the
+third.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10100" NEWID="5187">
+<DATE>15-MAR-1987 23:28:27.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1032&#31;reute
+u f BC-TAIWAN-CABINET-APPROV   03-15 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN CABINET APPROVES INCREASE IN BOND ISSUES</TITLE>
+<DATELINE>    TAIPEI, March 16 - </DATELINE><BODY>The cabinet has approved a finance
+ministry plan to raise the amount of outstanding government
+bonds as a percentage of the total budget in financial year
+1987/88 starting July 1, to meet growing demand for funds for
+major construction projects, a cabinet official said.
+    The increase would allow outstanding bonds to total 40 pct
+of the 1987/88 budget, up from 25 pct in the current year.
+    He said the increase would allow the government to issue
+bonds worth up to about 105 billion Taiwan dlrs in the next
+financial year, up from 49.6 billion in the current year. The
+proposal will go to parliament for final approval.
+    A finance ministry official told Reuters the increase in
+bond issues was necessary to finance 14 major projects,
+including highways, power plants, an underground railway and a
+receiving terminal for liquefied natural gas.
+    Spending on major projects is expected to total more than
+120 billion Taiwan dlrs in 1987/88, compared to 89 billion in
+the current year, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10101" NEWID="5188">
+<DATE>15-MAR-1987 23:32:09.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1038&#31;reute
+u f BC-&lt;THE-NATIONAL-BANK-OF   03-15 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;THE NATIONAL BANK OF NEW ZEALAND LTD></TITLE>
+<DATELINE>    WELLINGTON, March 16 - </DATELINE><BODY>Year to December 31, 1986
+    Net profit 78 mln N.Z. Dlrs vs 45 mln
+    Pre-tax profit 147 mln vs 88 mln
+    Total assets 7.7 billion vs 6.4 billion
+    Notes - The company is 100 pct owned by Lloyds Bank Plc
+&lt;LLOY.L>. Results include for the time first a pre-tax profit,
+of 11 mln N.Z. Dlrs, from Australian unit &lt;Lloyds Bank NZA
+Ltd>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10102" NEWID="5189">
+<DATE>15-MAR-1987 23:35:37.83</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1041&#31;reute
+u f BC-AUSTRALIAN-CURRENT-AC   03-15 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN CURRENT ACCOUNT DEFICIT SEEN NARROWING</TITLE>
+<DATELINE>    SYDNEY, March 16 - </DATELINE><BODY>Australia's current account deficit for
+February is expected to narrow to a range of between 700 mln
+and one billion dlrs, from the unrevised January level of 1.29
+billion, market economists polled by Reuters said.
+    Statistics Bureau February figures are out tomorrow.
+    The economists said a key element in the narrowing would be
+a reversal of the drop in exports which took place in January,
+after a sharp rise in December when the deficit was only 598
+mln dlrs.
+    As an example they quoted wheat export volume, which rose
+about 30 pct in February after dropping as much in January.
+    A lack of aircraft imports in February should also
+contribute on the trade account although it is still likely to
+remain in deficit, the economists said.
+    Other positive influences on the current account balance
+should be a decline in the invisibles deficit following a
+seasonal fall in interest payments and the dropping out of
+certain official aid payments, they said.
+    They said the Australian dollar, which last week touched an
+eight-month high of 0.6900 U.S. Dlrs but is now around the
+0.6800 level, should not react adversely to the figures unless
+the current account shortfall tops one billion dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10103" NEWID="5190">
+<DATE>15-MAR-1987 23:37:04.09</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1044&#31;reute
+u f BC-ZAMBIA,-IMF-TALKS-HIT   03-15 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIA, IMF TALKS HIT PROBLEMS OVER FOOD SUBSIDIES</TITLE>
+<DATELINE>    LUSAKA, March 16 - </DATELINE><BODY>Zambia's talks with the World Bank and
+International Monetary Fund (IMF) on a financial rescue package
+have run into difficulties on the issue of food subsidies, an
+official newspaper said.
+    The Times of Zambia, which is run by the ruling United
+National Independence Party (UNIP), quoted official sources as
+saying the IMF and World Bank had refused to continue financing
+food subsidies and were pressing the government to explain how
+it proposes to pay for them.
+    President Kenneth Kaunda tried to abolish maize subsidies
+last December, in line with IMF recommendations, but the move
+caused maize meal prices to double overnight and led to riots
+in which 15 people were killed.
+    The subsidies were immediately restored as part of moves to
+quell the disturbances, but they are estimated to cost the
+government about 500 mln kwacha per year.
+    The Times of Zambia said another major issue in the
+government's current talks with the IMF and World Bank was the
+remodelling of Zambia's foreign exchange auction.
+    The central bank's weekly auction of foreign exchange to
+the private sector has been suspended since the end of January,
+pending modifications to slow down the rate of devaluation and
+dampen fluctuations in the exchange rate.
+    The kwacha slid to around 15 per dollar under the auction
+system, losing 85 pct of its value in 16 months. However, since
+the end of January it has been revalued to a fixed rate of nine
+per dollar.
+    Banking sources said Zambia was persuaded by the World Bank
+and IMF to lift its proposed ceiling of 12.50 kwacha per dollar
+on the currency's devaluation once the auctions restart.
+    According to the Times of Zambia, the IMF team, led by
+assistant director for Africa Paul Acquah, is due to conclude
+its talks with the government on schedule on March 23.
+    The IMF mission arrived in Lusaka on February 26 and its
+talks with the government have taken longer than expected.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10104" NEWID="5191">
+<DATE>15-MAR-1987 23:52:53.51</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1053&#31;reute
+u f BC-JAPAN-LINE-SELLING-TA   03-15 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN LINE SELLING TANKERS AND BULKERS</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>Major tanker operator, Japan Line Ltd
+&lt;JLIT.T>, is selling 20 VLCCs and several bulk carriers for
+scrap or further trading, industry sources said.
+    The tanker disposals include Japan Orchid (231,722 dwt),
+Japan Lupinus (233,641 dwt), Sovereign (233,313 dwt), Rosebay
+(274,531 dwt), Saffron (268,038 dwt) and Cattleya (267,807
+dwt), all of which have been reported on the London sale and
+purchase market, they said, but refused to give further
+details.
+    Japan Line officials declined to comment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10105" NEWID="5192">
+<DATE>16-MAR-1987 00:00:01.81</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f1058&#31;reute
+u f BC-(CORRECTED)-IVORY-COA   03-15 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED)-IVORY COAST CONFIRMS PRESENCE AT TALKS</TITLE>
+<AUTHOR>    By Roger May, Reuters</AUTHOR>
+<DATELINE>    ABIDJAN, March 15 - </DATELINE><BODY>A senior Ivory Coast Agriculture
+Ministry official confirmed his country's backing for a new
+international cocoa pact and said Ivorian delegates would be
+present at talks on its buffer stock starting this week.
+    The official told Reuters that Ivorian Agriculture Minister
+Denis Bra Kanon would attend the opening of the talks, convened
+by the International Cocoa Organization (ICCO), in London on
+Monday.
+    While Bra Kanon is due to return home this week for funeral
+ceremonies for a sister of Ivorian President Felix
+Houphouet-Boigny, scheduled to be held in the country's capital
+Yamoussoukro between March 19-22, senior Ivorian delegates will
+be present throughout the London talks, the official said.
+    Bra Kanon is chairman of the ICCO Council and rumours that
+he or Ivorian delegates might be delayed because of public
+mourning in the West African nation helped depress already low
+world cocoa prices Friday.
+    The official said Ivory Coast continued to support the new
+pact, which was agreed in principle last year by most of the
+world's cocoa exporters and consumers.
+    He also said Bra Kanon would fulfil his duties as ICCO
+Council chairman during the talks, scheduled to end on March
+27.
+    The meeting aims to set rules for the operation of the
+pact's buffer stock which producers hope will boost a market
+hit by successive world cocoa surpluses.
+    Ivory Coast did not participate in the last international
+cocoa pact and its decision to join the new accord has sparked
+hopes that it will be more successful in supporting prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10106" NEWID="5193">
+<DATE>16-MAR-1987 00:03:25.13</DATE>
+<TOPICS><D>reserves</D><D>money-fx</D></TOPICS>
+<PLACES><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1059&#31;reute
+u f BC-TREASURY,-FOREIGN-RES   03-16 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY, FOREIGN RESERVES ARE JORDAN'S PRIORITIES</TITLE>
+<DATELINE>    AMMAN, March 16 - </DATELINE><BODY>Jordan's key economic priorities are
+having a sound national treasury and adequate foreign exchange
+reserves, Prime Minister Zeid al-Rifa'i said.
+    "First, the national treasury should be in sound shape when
+dealing with the public and other countries so that its
+credibility is preserved," he said in a television interview
+Saturday.
+    "The second priority is to maintain an acceptable level of
+foreign exchange reserves to provide (the) stability and
+confidence needed by the government to meet foreign
+commitments."
+    Rifa'i said Jordan's outstanding government-guaranteed and
+commercial loans total 902 mln dinars with a debt service ratio
+of 14.9 pct.
+    The figure was sharply lower than the 1.02 billion dinars
+in outstanding loans at the end of September, according to
+latest Central Bank figures.
+    Rifa'i dismissed the view of some bankers and economists
+here that the dinar, which is pegged to a basket of currencies,
+is overvalued.
+    "The dinar is strong and stable and we intend to preserve
+its stability," he said.
+    The prime minister said he hoped the next Arab summit would
+tackle the question of continuing financial aid to Jordan.
+Under a 10-year agreement reached in 1978, Jordan was to
+receive a total of 1.25 billion dlrs annually from Algeria,
+Iraq, Kuwait, Libya, Qatar, Saudi Arabia and the United Arab
+Emirates to help it resist Israel.
+    But only Saudi Arabia met its obligations, while the others
+failed because of falling income due to lower oil prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10107" NEWID="5194">
+<DATE>16-MAR-1987 00:31:49.03</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>lange</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1076&#31;reute
+u f BC-LANGE-PREDICTS-N.Z.-I   03-16 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANGE PREDICTS N.Z. INFLATION TO FALL TO 8-10 PCT</TITLE>
+<DATELINE>    WELLINGTON, March 16 - </DATELINE><BODY>New Zealand's inflation rate could
+fall to eight pct in the coming year, Prime Minister David
+Lange said.
+    He said forecasts to be released soon by research groups
+would predict a rate of around eight or nine pct in the 12
+months to the end of March 1988, against 18.2 pct in calendar
+1986.
+    "I predict it will be something between eight and 10 per
+cent," he told a news conference.
+    Lange would not name the forecasting groups.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10108" NEWID="5195">
+<DATE>16-MAR-1987 00:36:40.10</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f1080&#31;reute
+u f BC-MALAYSIA-WELCOMES-ACC   03-16 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA WELCOMES ACCORD ON NEW RUBBER PACT</TITLE>
+<DATELINE>    KUALA LUMPUR, March 16 - </DATELINE><BODY>Malaysian Primary Industries
+Minister Lim Keng Yaik welcomed the basic accord reached over
+the weekend in Geneva between producers and consumers on a new
+International Natural Rubber Agreement (INRA).
+    "This is a good development and if a new pact is adopted
+this week it will augur well for the rubber industry and prices
+in the long term," he told Reuters here.
+    Negotiators at a United Nations conference on a new INRA
+resolved differences and agreed last Saturday on basic elements
+for a new pact to replace the current one, which expires in
+October.
+    Conference Chairman Manaspas Xuto said legal drafting of
+the new pact will begin this week and it is expected to be
+formally adopted by some 40 countries on March 20.
+    Malaysia, the world's top producer, acted as spokesman for
+producers at the talks, which began on March 9.
+    Malaysian traders said they expected prices to firm by a
+few cents on the news that a pact is expected to be adopted.
+    Prices will also firm in the short term because some
+370,000 tonnes of rubber held in INRA buffer stock will not be
+liquidated with a new pact in sight, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10109" NEWID="5196">
+<DATE>16-MAR-1987 00:45:59.79</DATE>
+<TOPICS><D>ipi</D><D>inventories</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1087&#31;reute
+b f BC-JAPAN-JANUARY-INDUSTR   03-16 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN JANUARY INDUSTRIAL PRODUCTION REVISED UP</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>Japan's January seasonally adjusted
+industrial production index (base 1980) was revised upwards to
+122.3 from a preliminary 122.0, the Ministry of International
+Trade and Industry said.
+    The revised adjusted January index was down 0.5 pct from
+December when it rose 3.6 pct from a month earlier.
+    The revised unadjusted January index rose 0.5 pct from a
+year earlier, after a one pct year-on-year December rise.
+    The adjusted producers' shipment index (base 1980) for
+January was revised upward to 117.7 from a preliminary 117.4.
+    The index was down 0.7 pct from December when it rose three
+pct from a month earlier. The revised unadjusted index was up
+1.0 pct from a year earlier after a 1.4 pct year-on-year
+December rise.
+    The adjusted index of producers' inventories of finished
+goods (base 1980) for January was unchanged from a preliminary
+105.9. The index was down 0.3 pct from December when it rose
+1.1 pct. Unadjusted, the revised index was down 2.3 pct from a
+year earlier after a 2.1 pct year-on-year drop in December.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10110" NEWID="5197">
+<DATE>16-MAR-1987 01:00:02.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1095&#31;reute
+u f BC-JAPAN-FIRMS-SELL-GENE   03-16 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FIRMS SELL GENERATORS FOR SOUTH AMERICAN DAM</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>A Japanese consortium will supply 10
+generators worth some 10 billion yen to a joint
+Argentine/Paraguay hydroelectric project, a Mitsubishi Electric
+Corp &lt;MIET.T> official said.
+    The presidents of Mitsubishi Electric, Hitachi Ltd &lt;HIT.T>
+and Toshiba Corp &lt;TSBA.T>, the three firms in the consortium,
+will sign the contract with Entidad Binacional Yacyreta, an
+Argentine public company, later this month.
+    The Export-Import Bank of Japan Ltd will provide yen
+financing for the project, the official said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10111" NEWID="5198">
+<DATE>16-MAR-1987 01:20:30.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1099&#31;reute
+u f BC-BRAZIL-AIRLINE-SEEN-I   03-16 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL AIRLINE SEEN IN BOEING PLANE LEASE DEAL</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>State-affiliated financial institutions
+and commercial banks from eight countries are expected to lend
+a U.S. Leasing company 400 mln dlrs to finance the purchase
+from Boeing Co &lt;BA> of six Boeing 767 planes that will be
+leased to Brazil's Varig airline, banking sources said.
+    The deal is expected to be signed in May, covering a 12
+year period, with deliveries starting the same month.
+    Japan's share in the deal is expected to be about 14 mln
+dlrs, part of which will come from the Export-Import Bank of
+Japan Ltd, the sources said. Canada, France, Italy, Sweden, the
+U.K., U.S. And West Germany are also involved, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10112" NEWID="5199">
+<DATE>16-MAR-1987 02:11:36.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1122&#31;reute
+u f BC-AUSTRALIAN-ECONOMY-NE   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN ECONOMY NEEDS MORE INVESTMENT, BANK</TITLE>
+<DATELINE>    SYDNEY, March 16 - </DATELINE><BODY>Australia faces the risk of recession if
+capital expenditure does not grow from the subdued levels of
+recent years, the Commonwealth Bank of Australia said.
+    "Without stronger levels of capital expenditure, the
+structural adjustment that is so critical to overcoming the
+economy's fundamental problems cannot occur," the bank said its
+latest Economic Newsletter.
+    "In that event, Australia would be destined to experience a
+prolonged period of sub-par growth at best, with the very real
+risk that the onset of serious recession would become
+unavoidable," it said.
+    Australia's medium-term economic performance will be
+fundamentally determined by business investment in the period
+immediately ahead, the bank said.
+    It said spending has been disappointing in recent years due
+to low capacity utilisation, low expected profitability and
+very high real interest rates.
+    There also appears to be little likelihood of any
+significant improvement for the present, it said.
+    Investment is strongly influenced by medium-term
+uncertainties and risks and these are likely to continue for
+the present, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10113" NEWID="5200">
+<DATE>16-MAR-1987 02:28:01.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1134&#31;reute
+u f BC-VW-CURRENCY-LOSSES-SE   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW CURRENCY LOSSES SEEN INVOLVING SEVERAL TRADERS</TITLE>
+<AUTHOR>    By Allan Saunderson, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 16 - </DATELINE><BODY>The extraordinary foreign exchange
+loss of 480 mln marks reported last week by Volkswagen AG
+&lt;VOWG.F> (VW) is so large that outside currency traders were
+probably involved in the case, currency sources said.
+    They were commenting after weekend newspaper reports that
+prosecutors were transferring the focus of their enquiries to
+Frankfurt, West Germany's main foreign exchange centre.
+    Volkswagen announced last Tuesday that it had called in
+prosecutors to investigate a possible fraud involving currency
+hedging.
+    The newspaper Welt am Sonntag said the investigation by
+state prosecutors was now considering whether the alleged VW
+currency manipulators had outside banking accomplices.
+    The transactions were only possible, "because the culprits
+possessed genuine bank forms, with the help of which they were
+able to deceive controllers for years," the newspaper said.
+    But currency sources said there were so many loopholes in
+every bank's currency dealing system that controls could easily
+be avoided.
+    Rolf Selowsky, financial member of the management board,
+has resigned in the wake of the affair, a VW spokesman said.
+    Selowksy's resignation followed a VW announcement on Friday
+that foreign exchange chief Burkhard Junger had been dismissed
+and Guenther Borchert, head of the financial transfer
+department, had been suspended along with Siegfried Mueller,
+head of the central cash and currency clearing.
+    Four other members of the foreign exchange staff were also
+suspended, but no charges have been laid.
+    VW Supervisory board chairman Karl Gustaf Ratjen said
+entire data tapes had been erased and programs altered in
+forged transactions.
+    Der Spiegel magazine said VW financial controllers
+discovered the uncovered positions on February 18 when VW
+expected a currency forward contract with the Hungarian
+National Bank to mature, but Hungarian bank officials said they
+knew nothing of the transaction and the supposed contracts were
+forgeries.
+    The Budapest-based bank refused to buy the dollars and has
+not commented on the affair.
+    The Hungarian National Bank is, along with the Soviet Bank
+of Foreign Trade, one of two major East Bloc currency traders
+and most major banks based in Germany deal with it regularly.
+    It would not be possible, the sources said, for any bank to
+renege on a genuine forward contract since this would
+immediately become known and effectively prevent the bank from
+operating further in the spot or forward currency markets.
+    Longer-maturity forward contracts, even contracts of up to
+10 years, were now becoming more common, they said but the
+longer and larger the contract, the more likely it was that it
+would be transacted with a domestic institution.
+    Being one of Germany's most diversified multi-nationals, VW
+has exposure in a large number of currencies and dealt in these
+with most banks in Frankfurt and also abroad, sometimes through
+currency brokers, although it has the reputation of doing
+relatively little hedging, currency sources said.
+    "They (VW) are always in the market, more or less trading as
+a bank," one senior dealer said.
+    Some newspaper reports said the losses were incurred
+because of VW's failure to take out currency hedging contracts
+beginning at the end of 1984, when the dollar was rising.
+    But the currency sources said market speculation was that
+dollar income of around one billion dlrs was involved and that
+the bulk of the transactions occurred last year since which
+time around 50 pfennigs per dollar was lost when the dollar
+fall continued.
+    Longer-maturity currency contracts for more than 100 or 200
+mln dlrs each were rare. Taking several in this size out with a
+single bank would be easily spotted by financial controllers.
+    One senior dealer for a German bank said, "There's no way
+they can have hoped to get away with it. It's too big."
+    The sources added that the involvement of the Federal
+Criminal Office (BKA) in Wiesbaden could indicate that the
+investigation would lead outside Germany.
+    BKA has the mandate to handle criminal cases that may
+involve foreign police forces or supranational services such as
+Interpol. However the branch also handles cases that transcend
+federal state borders within Germany.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10114" NEWID="5201">
+<DATE>16-MAR-1987 03:00:35.30</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1162&#31;reute
+u f BC-GERMAN-BANKING-AUTHOR   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKING AUTHORITIES WEIGH SWAP REGULATIONS</TITLE>
+<AUTHOR>    By Alice Ratcliffe, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 16 - </DATELINE><BODY>German banking authorities are
+weighing rules for banks' off-balance sheet activities in an
+attempt to cope with the growing volume of sophisticated
+capital market instruments, banking sources said.
+    Interest rate and currency swaps and currency options are
+under closest scrutiny, and if revisions are made they may
+resemble regulation jointly proposed by the U.S. And U.K. To
+Japan. Juergen Becker, director of the Bundesbank's division of
+banking law and credit supervision, said the U.S.-British
+proposals were interesting, but declined to elaborate.
+    But banking sources said West Germany was more likely to
+produce its own conclusions than to adopt foreign proposals.
+    "There is no formal plan yet, but talks are in the latter
+stages," one representative of the German Banking Association in
+Cologne said. Bankers expect rule changes this year.
+    All alterations must be approved by the Bundesbank, West
+Germany's four major banking associations and the Federal
+Banking Supervisory Office.
+    Talks have been slowed by the fact that fundamental changes
+would require a revision of Germany's credit law, which has
+been in effect since 1934.
+    Authorities favour reinterpreting the credit law to fit
+present circumstances in order to avoid the long parliamentary
+political process of changing it, banking sources said.
+    Since the beginning of 1984 the banking law has limited
+banks' lending to 18 times shareholders' equity plus reserves,
+on a consolidated basis.
+    But lending ratios do not extend to several newer
+instruments such as spot and forward currency contracts,
+currency and interest swaps, commercial paper programs,
+currency options, interest rate futures in foreign currencies
+and various innovative types of interest rate hedges.
+    The sources said the main value of the U.S.-U.K. Proposals
+lay in differentiating between different types of risk factor,
+and, for instance, in placing greater weight on currency swaps
+than interest swaps. But even if German banking authorities
+agree with some of the assessments of swaps, they disagree on
+how to find balance sheet equivalents for the risk.
+    U.S.-British proposals include a complicated series of
+formulae for assessing the stream of payments involved in
+swaps, whose ultimate risk is borne by the financial
+intermediary, especially when counterparties remain anonymous.
+This is the so-called market-to-market value.
+    But German authorities are likely to consider this much too
+complex and to base their evaluation instead on a schedule of
+lending ratings assigned according to the creditworthiness of
+the borrowers involved, the sources said.
+    The weightings, also likely if lending ratios are extended
+to include banks' securities portfolios, are zero for public
+authorities, 20 pct for domestic banks, 50 pct for foreign
+banks and 100 pct for other foreign and non-bank borrowers.
+    A further complication is that the more flexible
+definitions of equity allowed in the U.S. And the U.K. May put
+German banks at a competitive disadvantage, the sources said.
+    Stricter definitions here also mean the use of a version of
+the U.S.-U.K. Proposals could far exceed the intent of the U.S.
+And British authorities, the sources said.
+    One specialist for Dresdner Bank AG said a long-dated
+foreign exchange forward transaction could, for instance, be
+brought under the same rule as a cross-currency swap, despite
+the fact that the risk may be entirely different.
+    How new regulations will affect foreign banks here was
+uncertain. Many have converted to full subsidiary status and
+applied for a full banking licence over the last two years in
+order to lead-manage mark eurobonds.
+    But as their equity capital is fairly small, tight lending
+ratios will severely hamper foreign banks' freedom of movement,
+particularly in the growing business of currency swaps, if they
+are required to include more transactions in the balance sheet,
+the sources added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10115" NEWID="5202">
+<DATE>16-MAR-1987 03:03:34.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>douglas</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1171&#31;reute
+u f BC-NEW-ZEALAND-GOVERNMEN   03-16 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND GOVERNMENT BORROWS 100 MLN STERLING</TITLE>
+<DATELINE>   WELLINGTON, March 16 - </DATELINE><BODY>The New Zealand government borrowed
+100 mln stg on the Eurosterling market to refinance a loan of
+the same amount maturing in June, Finance Minister Roger
+Douglas said in a statement.
+    The coupon rate is 9.62 pct and the loan life is eight
+years.
+    Douglas said the coupon rate is the lowest obtained by the
+government on a sterling loan since 1971.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10116" NEWID="5203">
+<DATE>16-MAR-1987 03:12:25.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1184&#31;reute
+u f BC-BHP-TO-MERGE-BHP-MINE   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BHP TO MERGE BHP MINERALS AND UTAH INTERNATIONAL</TITLE>
+<DATELINE>    MELBOURNE, March 16 - </DATELINE><BODY>The Broken Hill Pty Co Ltd &lt;BRKN.S>
+said it will merge its BHP Minerals division and &lt;Utah
+International Inc> into a single business unit under a common
+management structure.
+    The merger will be effective June 1, coinciding with the
+retirement of Utah International chairman and chief executive
+Bud Wilson, BHP said in a statement.
+    The new BHP-Utah Minerals International Group will be
+headed by Jim Curry as executive general manager and chief
+executive officer. Curry is currently executive vice-president
+of Utah International, BHP said.
+    &lt;BHP Petroleum (Americas) Inc>, formerly part of Utah
+International, will become a subsidiary of BHP's renamed &lt;BHP
+Petroleum International>, now &lt;BHP Petroleum Pty Ltd>, the
+company said.
+    BHP will also bring its Queensland coal operations under
+one management structure and consolidate minerals marketing and
+sales offices in various markets throughout the world.
+    BHP acquired Utah from General Electric Co &lt;GE> in 1984.
+    Utah's assets include stakes of 40.25 to 52.25 pct in seven
+large Central Queensland coking mines, 49 pct of the Samarco
+iron ore operation in Brazil, 60 pct of La Escondida copper
+deposit in Chile, the Island Copper mine at Port Hardy in
+Canada, 70 pct of a coal mine and 30 pct of a gold mine in
+South Africa and coal and other mines in the U.S.
+    BHP Minerals' assets include wholly and partly-owned iron
+ore mines, coal mines, manganese and base-metal operations or
+prospects and 30 pct of the Ok Tedi gold-copper project in
+Papua New Guinea.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10117" NEWID="5204">
+<DATE>16-MAR-1987 03:15:23.90</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1187&#31;reute
+f f BC-Bank-of-Japan-satisfi   03-16 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bank of Japan satisfied with yen around current range, senior bank official says
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10118" NEWID="5205">
+<DATE>16-MAR-1987 03:15:50.22</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1188&#31;reute
+u f BC-GERMAN-RETAIL-TURNOVE   03-16 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN RETAIL TURNOVER RISES ONE PCT IN JANUARY</TITLE>
+<DATELINE>    WIESBADEN, March 16 - </DATELINE><BODY>West German retail turnover rose a
+real one pct in January compared with the same month a year
+earlier, according to provisional data from the Federal
+Statistics Office.
+    There were 26 shopping days in January this year, the same
+as in January 1986, a Statistics Office statement said.
+    A Statistics Office official added retail turnover had
+risen by 7.6 pct in December compared with the year-ago month,
+a slight upward revision from the 7.5 pct increase
+provisionally posted.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10119" NEWID="5206">
+<DATE>16-MAR-1987 03:23:16.38</DATE>
+<TOPICS><D>money-fx</D><D>yen</D><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1198&#31;reute
+b f BC-BANK-OF-JAPAN-SATISFI   03-16 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN SATISFIED WITH YEN AT CURRENT RANGE</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>The Bank of Japan is satisfied with the
+yen around its current range, a senior central bank official
+told reporters.
+    He said the pledge by major industrial nations in Paris
+last month to cooperate to hold exchange rates around current
+ranges applied in both directions, a dollar fall or a dollar
+rise.
+    Unilateral intervention itself cannot ensure currency
+stability, but it can be useful when coordinated with other
+policies and with other central banks, he said.
+    The Bank of Japan is rather confident currency stability
+will continue for some time, the senior bank official said, but
+declined to be more specific.
+    Finance Minister Kiichi Miyazawa told parliament on Friday
+the current dollar/yen exchange rate is not necessarily
+satisfactory for the Japanese economy.
+    Asked what factors might destabilize the markets, the
+official cited a lessening of market fear about intervention, a
+completely unexpected change in the economy of Japan, the U.S.
+Or West Germany, or resumption of comments by government
+officials seeking to talk the dollar up or down.
+    The senior bank official said he expects Japan's gross
+national product (GNP) to grow three pct or slightly more in
+the fiscal year beginning in April. That would be little
+changed from the performance expected this year.
+    Domestic demand may grow nearly four pct in 1987/88, but
+the external sector will have a negative impact on GNP of
+nearly one percentage point, he said.
+    He said there was virtually no room for further monetary
+policy action to boost the economy. The economy's performance
+in the future very much depends on fiscal policy, he added.
+    The central bank's monetary policy has already done its
+part in stimulating the economy, the senior bank official said.
+The Bank of Japan has cut its discount rate five times over the
+last year and a half.
+    Although the central bank does not see any imminent risk of
+inflation, there could be some problems in the future, he said.
+"We are sitting on a barrel of powder, but fortunately it may
+still be wet," he added.
+    Liquidity among private households and especially the
+corporate sector has increased substantially, he said.
+    The liquidity is the reason for the recent boom of stock
+exchange prices, the bank official said. This inflow of funds
+into the stock exchange, occurring also in other countries, may
+continue, he said.
+    The senior official said the Bank of Japan is hoping
+Federal Reserve chairman Paul Volcker will be re-appointed when
+his current term expires later this year.
+    "He's a great man," the official said, adding that more and
+more people expect his reappointment.
+    Turning to exchange rates, the official said the
+substantial drop in the dollar is beginning to have an effect
+on reducing the imbalance in world trade, even though the
+impact has taken longer than expected to show through. Even the
+U.S. Trade position has begun to feel the impact, although so
+far it has not been very strong, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10120" NEWID="5207">
+<DATE>16-MAR-1987 03:25:53.76</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1204&#31;reute
+u f BC-BANGLADESH-MONEY-SUPP   03-16 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH MONEY SUPPLY RISES IN DECEMBER</TITLE>
+<DATELINE>    DHAKA, March 16 - </DATELINE><BODY>Bangladesh's broad-based M2 money supply
+rose 6.95 pct to 132.79 billion taka in December after rising
+0.51 pct to 124.16 billion in November and 3.07 pct to 114.22
+billion in December 1985, the Central Bank said.
+    On a year on year basis, M2 rose 16.25 pct in the 12 months
+to December, 12.04 pct to November and 16 pct to December 1985.
+    Narrowly-based M1 rose 9.55 pct to 50 billion taka against
+a fall of 0.45 pct to 45.64 billion in November and a 3.03 pct
+rise to 45.51 billion to December 1985, it added.
+    Year on year, M1 rose 9.86 pct in December.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10121" NEWID="5208">
+<DATE>16-MAR-1987 03:58:34.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1233&#31;reute
+u f BC-OPPOSITION-TO-PROPOSE   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPPOSITION TO PROPOSED SALES TAX SPREADS IN JAPAN</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>Opposition to government plans to impose
+a five pct sales tax is spreading nationwide ahead of the start
+of campaigning for local elections next week, political
+analysts said.
+    The Asahi Shimbun said 31 of the 47 prefectural assemblies
+had so far opposed, demanded amendments to, or expressed
+wariness about the tax. Assemblymen from the ruling Liberal
+Democratic Party (LDP) have also joined the opposition against
+the tax in 11 prefectural assemblies, the daily reported.
+    About 2,600 elections will be held on April 12 and 26 for a
+wide range of local posts, including 13 governors.
+    The sales tax is one of the main planks of Prime Minister
+Yasuhiro Nakasone's plan to overhaul the tax system.
+    A close aide to Nakasone has said the sales tax issue will
+have a minimal impact on the local elections because centrist
+parties by and large support LDP candidates in many of the
+races for governors. In the assembly elections, even LDP
+candidates oppose the tax, he said.
+    On March 8, the LDP lost an Upper House by-election in the
+conservative stronghold of Iwate Prefecture in northern Japan
+for the first time in 25 years. The opposition socialist winner
+campaigned on the single issue of the sales tax.
+    The surprise LDP defeat in Iwate, coupled with Nakasone's
+sagging popularity, has forced the party to compromise with the
+opposition and agree to postpone public hearings on the fiscal
+1987/88 budget to March 19/20 from March 13/14.
+    The opposition parties have been staging recurring
+parliamentary boycotts to show their disapproval of the sales
+tax contained in the budget. They returned to the Lower House
+Budget Committee last Friday but walked out again after a few
+hours, demanding detailed data on the tax. But parliamentary
+sources said they are expected to agree in a day or two to
+dispose of some of 29 bills the LDP will submit.
+    The bills include nine which will become extinct on March
+31 unless some action is taken, the sources said. These cover
+such uncontroversial topics as wages for diplomats and
+revisions of the law covering court employees.
+    Discussion is also expected of a provisional budget to
+allow the government to continue operating while debate on the
+main budget continues beyond the April 1 start of fiscal
+1987/88, the sources said. The provisional budget could cover
+some 50 days and include authorisation for spending on some
+public works. Otherwise, parliament will go into virtual recess
+until local elections start on April 12, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10122" NEWID="5209">
+<DATE>16-MAR-1987 04:09:11.15</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM M C
+&#22;&#22;&#1;f1246&#31;reute
+u f BC-JAPAN'S-DOWA-MINING-T   03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S DOWA MINING TO PRODUCE GOLD FROM APRIL</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>&lt;Dowa Mining Co Ltd> said it will start
+commercial production of gold, copper, lead and zinc from its
+Nurukawa Mine in northern Japan in April.
+    A company spokesman said the mine's monthly output is
+expected to consist of 1,300 tonnes of gold ore and 3,700 of
+black ore, which consists of copper, lead and zinc ores.
+    A company survey shows the gold ore contains up to 13.3
+grams of gold per tonne, he said.
+    Proven gold ore reserves amount to 50,000 tonnes while
+estimated reserves of gold and black ores total one mln tonnes,
+he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10123" NEWID="5210">
+<DATE>16-MAR-1987 04:14:13.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1250&#31;reute
+u f BC-JAPAN-BUSINESS-DECLIN   03-16 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUSINESS DECLINE SEEN BOTTOMING OUT</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>The extended decline in Japan's overall
+business performance was likely to bottom out in the current
+January-March quarter, the Finance Ministry said.
+    Improved corporate earnings and better prospects for the
+stability of the yen had made companies more optimistic, it
+said after carrying out a quarterly survey.
+    The survey, conducted in February, was based on
+questionnaires returned by 8,328 large and small firms in all
+sectors except the finance and insurance industries.
+    The survey said overall corporate earnings were expected to
+turn positive with an estimated 0.4 pct year on year increase
+in the second half of fiscal 1986 ending on March 31 after a
+5.4 pct decrease in the first half.
+    Corporate earnings will grow further in the first half of
+fiscal 1987, rising an estimated 10.7 pct, it added.
+    Manufacturers' earnings, hit hard by the yen's steady rise
+against the dollar, will rise 7.7 pct in first-half fiscal 1987
+after falling 10.7 pct in the second half of fiscal 1986, it
+said.
+    Overall earnings of non-manufacturing companies will rise
+11.8 pct year on year in the first half of fiscal 1987 after
+growing 9.8 pct in the second half of fiscal 1986, the survey
+said.
+    It said this figure was bolstered by profits of firms such
+as electric power and gas companies which have benefitted from
+the yen's appreciation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10124" NEWID="5211">
+<DATE>16-MAR-1987 04:26:49.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1265&#31;reute
+b f BC-EXSPORTFINANS-LAUNCHE   03-16 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EKSPORTFINANS LAUNCHES EUROBOND</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Eksportfinans A/S of Norway is issuing
+15 billion yen in eurobonds due April 23, 1992 priced at 103
+with a five pct coupon, Mitsubishi Finance International Ltd
+said as lead manager.
+    Fees are 1-1/4 pct for selling and 5/8 pct for management
+and underwriting. Payment date is April 23. Listing will be in
+London and the bonds will be sold in denominations of one mln
+yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10125" NEWID="5212">
+<DATE>16-MAR-1987 04:29:51.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1269&#31;reute
+u f BC-CARLTON-BUYS-STAKE-IN   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARLTON BUYS STAKE IN CENTRAL INDEPENDENT TV</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Carlton Communications Plc &lt;CCML.L> said
+in a statement it had purchased a 20 pct stake or some 5.1 mln
+shares in Central Independent Television from Ladbroke Group
+Plc &lt;LADB.L> at 578p per share.
+    The consideration of 29.5 mln stg will be met with 18.2 mln
+stg in cash and the issue of one million ordinary Carlton
+shares, it said.
+    Central showed pretax profits up by 57 pct to 18.8 mln stg
+for the year ended 30 September 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10126" NEWID="5213">
+<DATE>16-MAR-1987 04:32:18.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1272&#31;reute
+b f BC-COUPON-SET,-AMOUNT-IN   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUPON SET, AMOUNT INCREASED ON METAL BOX EUROBOND</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The amount of a convertible eurobond
+launched on Friday for Metal Box Plc &lt;MBXL.L> has been
+increased to 65 mln stg from the original 60 mln and the coupon
+has been fixed at 5-3/4 pct, Swiss Bank Corp International Ltd
+said as lead manager.
+    The conversion price has been fixed at 262p, which
+represents a premium of 9.62 pct over Friday's closing share
+price of 239p.
+    The indicated coupon on Friday was 5-3/4 to six pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10127" NEWID="5214">
+<DATE>16-MAR-1987 04:39:56.06</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>france</D><D>west-germany</D><D>sweden</D><D>netherlands</D><D>hungary</D><D>spain</D><D>denmark</D><D>ireland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1283&#31;reute
+u f BC-EUROPEAN-BEET-PLANTIN   03-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN BEET PLANTINGS SEEN LITTLE CHANGED</TITLE>
+<AUTHOR>    By Douglas Learmond, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>European sugar beet plantings are
+expected to show little change from last year, despite recent
+firmness in world prices, analysts and industry sources said.
+    A Reuter survey of planting intentions showed that while,
+so far, European Community (EC) growers plan unchanged to lower
+areas, increases are expected in some Eastern European nations.
+    Trade analysts said their private reports give similar
+results and do not differ significantly from the first estimate
+of stagnant 1987 European beet plantings made last week by West
+German sugar statistician F. O. Licht.
+    Areas may be slightly lower but analysts and agricultural
+experts said the steady rise in yields resulting from improved
+seed varieties and better farming techniques could offset this.
+In recent years, good autumn weather has given yields a late
+boost, making up for lower areas despite some disappointing
+starts to growing seasons.
+    Changes in EC areas reflect the extent to which producers
+will grow so-called "C" sugar for unsubsidised sale to the world
+market. This is what is produced in excess of the basic area
+needed to meet the EC "A" and "B" quotas, which receive full and
+partial price support, respectively.
+    Some analysts said the open row that broke out last week
+between producers and the EC commission over its export policy
+could have serious implications for future sugar output.
+    Beet producers have threatened to effectively dump nearly
+one mln tonnes of white sugar into EC intervention stocks as
+they feel export subsidies have been too low to compensate for
+the gap between high EC internal and low world market prices.
+    However, with the EC budget stretched to breaking point,
+this could give treasury ministers extra resolve in resisting
+higher guaranteed sugar prices and build a case for a future
+cut in the basic "A" and "B" quotas, they added.
+    In France, the largest producer of EC quota and non quota
+sugar, the sugar market intervention board FIRS said first
+planting intentions indicate an area about the same as last
+year's 421,000 hectares, nine pct below the previous year.
+    "The basic trend is towards stability," a FIRS spokesman
+said. Unlike world market raw sugar prices in dollars, white
+sugar French franc prices are not particularly high and are not
+encouraging higher planting levels, he said. Beet sugar output
+last year was 3.37 mln tonnes, with an average yield of 8.00
+tonnes per ha, the highest in the EC apart from the Netherlands
+but below 8.52 the previous year and a five year average 8.11.
+    In West Germany, recent price rises have not altered plans,
+since planting decisions were taken a few months ago, industry
+sources said. The farm ministry said a December survey is still
+valid and plantings should be cut slightly after being trimmed
+by just under four pct in 1986 when yields were above average.
+    Licht last week estimated West German plantings at a
+reduced 385,000 hectares against 399,000 last year.
+    British Sugar Plc, the monopoly beet processor, has signed
+up U.K. Farmers to grow 8.1 mln tonnes of beet. This should
+yield about 1.25 mln tonnes of whites. Last year's crop
+equalled the second highest ever at 1.32 mln tonnes.
+    British Sugar has "A" and "B" quotas totalling 1.144 mln tonnes
+of whites and its "C" output is due to improved yields from more
+consistent disease-resistant seed types.
+    Recent price rises have not altered Polish plans, Wincenty
+Nowicki, a deputy director of Cukropol, the Amalgamated Sugar
+Industry Enterprises, said. World prices are still below Polish
+production costs and there is no way to convince farmers to
+increase the area above the already signed contracted level.
+    The national plan, set before prices began to rise, put
+plantings this year at 460,000 hectares, against 425,000 in
+1986, Nowicki said. Last year production was 1.74 mln tonnes.
+    World prices have less impact in Italy than in France or
+Germany as it is traditionally not an exporter but is geared to
+the domestic market, an official at the national beet growers'
+association said. Italian sowings are not yet complete but
+surveys suggest a drop from last year's 270,000 ha, especially
+in the north where some farmers have switched to soya.
+    Beet output last season of 15.5 mln tonnes yielded a higher
+than expected 1.72 mln tonnes of white sugar.
+    Dutch plantings are expected to fall to 130,000 ha from a
+record 137,600 in 1986 as a new self-imposed quota system comes
+into force, a spokesman for Centrale Suiker, the second largest
+Dutch sugar processor, said.
+    The new system aims for an average of around 915,000 tonnes
+of white sugar and to cut output of "C" sugar. Last year, the
+Netherlands produced a record 1.2 mln tonnes of white sugar
+against a combined "A" and "B" quota of only 872,000 tonnes.
+    "The world price of sugar would have to rise much higher
+than it has done recently to make planned production of "C" sugar
+really worthwhile," the spokesman said.
+    Western agricultural experts in Moscow said Soviet planting
+intentions are likely to be unchanged. Licht put this year's
+Soviet beet area at 3.40 mln ha, against 3.44 mln last year.
+    Hungary is expanding its beet area to 105,000 ha from some
+95,000 in 1986, the official MTI news agency said, but
+diplomats said policy is to balance supply with domestic
+demand.
+    The Spanish ministry of agriculture said beet sowings are
+estimated unchanged at 180,000 ha this year.
+    A spokesman for Denmark's largest beet concern, De Danske
+Sukkerfabrikker A/S, said its 1987 sugar target was unchanged
+from 1986 at 365,000 tonnes from a steady area of 60,000 ha.
+    In Sweden, where beet is grown just to meet domestic
+demand, the planted area is seen little changed at 51,000 ha
+against 51,300 last year, according to a spokesman for sugar
+company Svenska Sockerfabriks AB.
+    Last year, Irish yields were the lowest for 10 years due to
+late sowings and the state-run Irish Sugar Plc said the 1987
+plantings target is the equivalent of 36,400 hectares, down
+from 37,600 in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10128" NEWID="5215">
+<DATE>16-MAR-1987 04:41:19.55</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1286&#31;reute
+r f BC-SWISS-UNEMPLOYMENT-FA   03-16 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS UNEMPLOYMENT FALLS TO 0.9 PCT IN FEBRUARY</TITLE>
+<DATELINE>    BERNE, March 16 - </DATELINE><BODY>Swiss unemployment edged down to 0.9 pct
+of the working population from one pct in January and in
+February 1986, the Federal Office of Industry, Trade and Labour
+said.
+    Seasonally adjusted, however, there was a slight rise in
+unemployment.
+    The number out of work fell to 28,439, down 1,142 compared
+with the previous month. The number of vacant positions
+registered with employment offices stood at 11,968 against
+10,694 in January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10129" NEWID="5216">
+<DATE>16-MAR-1987 04:44:55.80</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1297&#31;reute
+u f BC-MALAYSIA'S-GOLD-AND-F   03-16 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA'S GOLD AND FOREIGN EXCHANGE RESERVES RISE</TITLE>
+<DATELINE>    KUALA LUMPUR, March 16 - </DATELINE><BODY>Malaysia's gold and foreign
+exchange reserves rose to 16.07 billion ringgit in February
+from 15.73 billion in January and 12.23 billion in February
+1986, Bank Negara Malaysia said.
+    The central bank said cumulative assets at end-February
+fell to 20.02 billion ringgit from 20.68 billion at end-January
+but were up from 17.07 billion at end-February last year.
+    Holdings of federal government securities dropped to 876
+mln ringgit in February from 1.70 billion a month earlier and
+2.30 billion in February 1986.
+    Malaysia's special drawing rights rose to 355 mln ringgit
+at end-February from 352 mln at end-January and 286 mln at
+end-February 1986, the bank said.
+    The IMF position was unchanged from January at 507 mln but
+was above the 422 mln in February a year ago.
+    Currency in circulation in February fell to 7.43 billion
+ringgit from 8.32 billion a month earlier but was up from 7.18
+billion in February last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10130" NEWID="5217">
+<DATE>16-MAR-1987 04:46:35.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1301&#31;reute
+u f BC-U.S.-BANKER-URGES-FAS   03-16 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANKER URGES FASTER JAPANESE LIBERALISATION</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>Japan should step up the pace of its
+financial liberalisation if it wants to become a world
+financial centre equal to New York or London, a leading U.S
+banker said.
+    "For Tokyo to become the third link in an international
+capital markets triangle, it will need to create an environment
+more hospitable to international finance than currently exists,"
+Robert Binney, senior vice-president of Chase Manhattan Bank
+N.A., Told a group of Japanese members of parliament and
+financial leaders.
+    Binney said Japan must liberalise its financial markets not
+just to attract more jobs, capital and taxable income, but also
+to recycle effectively its vast trade surpluses to help counter
+growing protectionism in the United States.
+    He called on Japan to remove all controls on deposit
+interest rates soon and to remove obstacles to the growth of
+its offshore market. He also said it should fully deregulate
+its short-term money markets, develop comprehensive futures
+markets, further open the Tokyo Stock Exchange to foreign
+membership and remove fixed rate brokerage commissions.
+    Binney also urged Japan to abolish Article 25 of its
+Securities and Exchange Law which, like the U.S. Glass Steagall
+Act, separates commercial from investment banking.
+    At the same meeting Goldman Sachs (Japan) Corp president
+Eugene Atkinson urged Japan to fully de-regulate short-term
+interest rates, introduce commercial paper and open long-term
+government bond markets to an auction system.
+    He said Japan should allow securities firms to participate
+in foreign exchange business and develop over-the-counter stock
+options and futures. Short-selling of Japanese government cash
+bonds was a vital hedging mechanism, he added.
+    The group of some 60 Japanese legislators and financial
+leaders which Atkinson and Binney addressed was recently formed
+to study ways in which Japan should promote liberalisation of
+its financial markets.
+    "We should not leave such matters solely to government
+bureaucrats," Masao Hori, Chairman of the lower house finance
+committee, told the group.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10131" NEWID="5218">
+<DATE>16-MAR-1987 04:52:38.28</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f1315&#31;reute
+u f BC-MALAYSIAN-CRUDE-PALM   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN CRUDE PALM OIL OUTPUT FALLS IN FEBRUARY</TITLE>
+<DATELINE>    KUALA LUMPUR, March 16 - </DATELINE><BODY>Malaysian crude palm oil (cpo)
+production fell to an estimated 270,400 tonnes in February from
+an estimated 273,300 tonnes in January and 332,995 in February
+1986, the Palm Oil Registration and Licensing Authority (PORLA)
+said.
+    Cpo stocks fell to an estimated 286,440 tonnes in February
+from 287,940 in January and 653,411 in February last year.
+    Processed palm oil stocks in February fell to an estimated
+193,060 tonnes from 205,060 in January and 225,576 in February
+1986.
+    The January and February figures are subject to revision.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10132" NEWID="5219">
+<DATE>16-MAR-1987 04:54:47.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1319&#31;reute
+b f BC-PEARSON-PLC-&lt;PSON.L>   03-16 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEARSON PLC &lt;PSON.L> YR ENDED DEC 31</TITLE>
+<DATELINE>    LONDON, March 16 -
+    </DATELINE><BODY>Shr 37.4p vs 30p.
+    Final div 7p, making 12p vs 10p.
+    Pre-tax profit 121.1 mln stg vs 109.3 mln.
+    Net profit before minorities 76.6 mln stg vs 62.8 mln.
+    Turnover 952.6 mln vs 970.1 mln.
+    Pre-interest profit 132.1 mln vs 124.6 mln.
+    Net interest 11 mln vs 15.3 mln.
+    Tax 44.5 mln vs 46.5 mln.
+    Minority interests 3.1 mln vs 5.2 mln.
+    Extraordinary debit 9.1 mln vs credit 11.5 mln.
+    Note - Extraordinary debit reflected full provision for
+discontinuing the Financial Times's printing operations at
+Bracken House in 1988, partly offset by gains on disposals.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10133" NEWID="5220">
+<DATE>16-MAR-1987 04:55:35.62</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1321&#31;reute
+u f BC-CHINA-REPORTS-700-MLN   03-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA REPORTS 700 MLN DLR TWO-MONTH TRADE DEFICIT</TITLE>
+<DATELINE>    PEKING, March 16 - </DATELINE><BODY>China's trade deficit totalled 700 mln
+dlrs in the first two months of this year, according to figures
+released by the State Statistics Bureau.
+    The New China News Agency quoted the Bureau as saying
+foreign trade totalled 9.3 billion dlrs in the period, of which
+exports were worth 4.3 billion dlrs.
+    The bureau said total trade volume was up 2.5 pct on the
+same 1986 period, with exports up 18.1 pct, but it gave no
+other comparative figures.
+    China's 1986 trade deficit totalled 12 billion dlrs,
+official figures show.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10134" NEWID="5221">
+<DATE>16-MAR-1987 04:56:40.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1323&#31;reute
+u f BC-POLLS-PREDICT-SWING-T   03-16 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLLS PREDICT SWING TO RIGHT IN FINNISH ELECTION</TITLE>
+<DATELINE>    HELSINKI, March 16 - </DATELINE><BODY>Finns cast their final votes in
+two-day general elections today with opinion polls predicting a
+swing to the right which would bring the conservatives back
+into government after 21 years in the political wilderness.
+    Turnout on the first day yesterday, about five pct lower
+than in 1983 polls, was lowest in leftist strongholds around
+the capital Helsinki, electoral officials said today.
+    Finnish media said this supported pre-election opinion
+polls predicting falling among voters for the Social Democratic
+Party of Prime Minister Kalevi Sorsa. Several days of
+inter-party bargaining are expected before a new government
+emerges.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10135" NEWID="5222">
+<DATE>16-MAR-1987 04:57:01.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1325&#31;reute
+u f BC-&lt;POCLAIN>-OFFERS-PAR   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;POCLAIN> OFFERS PAR RIGHTS ISSUE</TITLE>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>French machinery maker &lt;Poclain>, 40 pct
+owned by &lt;Tenneco Inc>, said it will raise its capital to 791
+mln francs from 91 mln by a 100 for 13 rights offering to
+shareholders priced at par of 10 francs a share.
+    The offer, between March 25 and April 13, is the second
+stage of a capital restructuring plan announced in December
+under which Tenneco will become Poclain's majority shareholder.
+    In the first stage Poclain reduced its capital to 91 mln
+from 455 mln by reducing the nominal value of its shares to 10
+francs from 50.
+    Poclain traded Friday on the Paris Bourse at 38.20 francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10136" NEWID="5223">
+<DATE>16-MAR-1987 04:58:09.18</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1328&#31;reute
+b f BC-U.K.-MONEY-MARKET-OFF   03-16 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET OFFERED EARLY ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The Bank of England said it invited an
+early round of bill offers from discount houses after
+forecasting a shortage in the system of some 1.05 billion stg.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and treasury bill take-up will drain some
+1.07 billion stg while exchequer transactions will take out
+around 335 mln stg and bankers' balances below target five mln
+stg.
+    Partly offseting these outflows, a fall in note circulation
+will add some 355 mln stg to the system today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10137" NEWID="5224">
+<DATE>16-MAR-1987 04:58:17.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f1329&#31;reute
+u f BC-SOUTH-CHINA-STORMS-KI   03-16 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH CHINA STORMS KILL TWO, DAMAGE CROPS</TITLE>
+<DATELINE>    HONG KONG, March 16 - </DATELINE><BODY>Hailstorms and strong winds in south
+China killed two people, injured 20 and damaged an undisclosed
+amount of crops, a Hong Kong newspaper reported.
+    The pro-Peking New Evening Post said in a report from
+Canton that more than 50 houses collapsed when the storms swept
+across five counties in south-western Guangdong province.
+    It said the crops were damaged over a five-day period ended
+yesterday. It gave no other details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10138" NEWID="5225">
+<DATE>16-MAR-1987 04:58:31.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ase</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1330&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - DUTCH SHARE PROSPECTS MIXED</TITLE>
+<AUTHOR>    By Emma Robson, Reuters</AUTHOR>
+<DATELINE>    AMSTERDAM, March 16 - </DATELINE><BODY>While world exchanges revel in a
+continuing securities boom, the Dutch stockmarket remains
+lacklustre despite a series of largely positive annual
+corporate results and signs of a more stable dollar, analysts
+said.
+    Prices and turnover on the Amsterdam Stock Exchange have
+sprung back from lows reached when the dollar dipped below the
+two guilder mark in January. But market analysts say only lower
+interest rates or a further rise in the dollar, now trading at
+around 2.09 guilders, could keep the momentum going.
+    "Between end-1982 and end-1986 Dutch stocks rose by around
+150 pct, but the dollar's sharp fall last year put the brake on
+the bull market," said Philip Menco, analyst with bank CLN Oyens
+en van Eeghen.
+    The dollar's current level compares with an average in 1986
+of 2.45 guilders, and 3.35 in 1985, official figures show.
+    But Arjen Los, analyst with Dutch merchant bank Pierson,
+Heldring en Pierson, sees room for some optimism,
+   "The market is exaggerating the whole dollar affair. We've
+seen the bottom of its decline. But what is lacking is a
+stimulus on the interest rate front," he said.
+    Analysts said they expected little impact from provincial
+elections on Wednesday as the government's position was secure.
+    "The scope for price rises in Dutch shares is narrow, given
+the limited room for lower interest rates," said Los, adding the
+Dutch market can currently only dream of returns of around 15
+pct seen in rising markets elsewhere in Europe.
+    "When the dollar slumped in the second half of 1986, U.S.
+And U.K investors were heavy sellers of Dutch stock. They made
+an enormous currency gain," Menco said.
+    Finance Ministry figures show foreign investment in Dutch
+stock last year fell by nearly half to 4.2 billion guilders.
+    Los envisaged no significant revival of foreign interest in
+the Dutch market. He saw the large, liquid Dutch pension funds
+pursuing a more aggressive portfolio management policy while
+continuing to invest in markets with weaker currencies.
+    Outflows of non-bank Dutch capital totalled a record 21.4
+billion guilders last year, 12.3 billion of which stemmed from
+securities transactions.
+    "Dutch institutions have been rallying to buoyant foreign
+markets, but this season's results could coax some of them back
+to the relatively underpriced Dutch market," Koos Ten Have of
+Staal Bankiers said.
+    Ten Have said Dutch price/earnings ratios based on
+forecasts of 1987 results were broadly unchanged compared with
+1986. With an average ratio of 10, they were still attractively
+lower than shares of other exchanges, he added.
+    He said the reliability of the strong guilder was a further
+factor favouring Dutch stock investments.
+    Senior bank economists said this week's official economic
+forecast by the CPB planning agency painted a gloomy picture of
+the Dutch economy but this would not shake investor confidence
+in the Dutch business sector. The Dutch economy was doing
+relatively well compared with other nations, they added.
+    Analysts say most companies have fulfilled expectations,
+while some firms, particularly in food and publishing,
+surprised the market with continued solid profit growth despite
+major dollar and sterling investments.
+    Unexpectedly positive results from companies like Unilever
+Plc-NV &lt;UN.AS>, NV Philips Gloeilampenfabrieken &lt;PGLO.AS> and
+Heineken NV &lt;HEIN.AS> were balanced by poor performances by the
+three banks, which achieved higher profits partly by reducing
+their risk provisions. Analysts still have doubts about the
+insurance sector, and many companies stressed the negative
+impact of lower currencies on their guilder earnings in 1986.
+    Food and publishing are seen as major growth areas, despite
+the fact many of these companies have significant activities in
+the U.K and U.S.
+    Food chain Ahold NV &lt;AHLN.AS> reported an 8.1 pct increase
+in net 1986 profit but said it did not see profits growing in
+1987 due to the uncertainty of the dollar.
+    Turnover declined by 5.7 pct to 11.4 billion guilders.
+About 1.5 billion guilders of this decline was due to the lower
+dollar and one third of turnover volume was achieved in the
+U.S.
+    "Ahold is too cautious over the dollar," Los said. "As long as
+such companies continue to maintain their U.S. Activities and
+fund their expansion there, the negative influence is purely an
+accounting effect."
+    Koninklijke Wessanen NV &lt;WESS.AS> and Heineken also managed
+handsome profit increases of 16.6 and 7.5 pct respectively,
+while blaming disappointing turnover in their substantial
+overseas activities on the lower dollar.
+    Initial publishing results indicate a bumper year for
+shares in this sector and ensure firm interest despite higher
+price/earnings ratios, ranging from 12 to 14. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10139" NEWID="5226">
+<DATE>16-MAR-1987 04:58:51.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1331&#31;reute
+u f BC-MANILA-GOVERNMENT-TO   03-16 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANILA GOVERNMENT TO TAKE OVER SAN MIGUEL BOARD</TITLE>
+<DATELINE>    MANILA, March 16 - </DATELINE><BODY>A government commission that controls 51
+pct of &lt;San Miguel Corp> (SMC) stock will increase its nominees
+on the firm's 15-member board to nine from six.
+    "We want to correct business practices," Ramon Diaz, chairman
+of the Presidential Commission on Good Government (PCGG), told
+Reuters.
+    "Right now there are a lot of companies that keep so many
+things from their shareholders and one of them is San Miguel,"
+he said.
+    A San Miguel spokesman declined comment.
+    Diaz said New York investment bank Allen and Co Inc told
+the PCGG it was interested in tendering for all outstanding SMC
+stock, with the subsequent dispersal of 60 pct of the stock to
+Filipino investors to comply with investment laws.
+    He said Australian businessman and brewer Alan Bond and the
+brewing company Elders IXL Ltd &lt;ELXA.S> were interested in
+buying 40 pct each of SMC stock.
+    He added that the PCGG wanted some foreign input but would
+not allow foreign control of the brewing and food conglomerate,
+the Philippines' biggest manufacturing concern.
+    Diaz said the PCGG did not plan to remove SMC president
+Andres Soriano from his family company.
+    "He has tremendous prestige to run the company," Diaz said.
+"We appreciate his management, but certainly some practices have
+to be corrected."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10140" NEWID="5227">
+<DATE>16-MAR-1987 05:07:11.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1354&#31;reute
+u f BC-WORLD-BANK-VICE-PRESI   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK VICE-PRESIDENT PRAISES ARGENTINE PLANS</TITLE>
+<DATELINE>    BUENOS AIRES, March 16 - </DATELINE><BODY>World Bank Vice-President David
+Knox said the bank was eager to finance Argentine plans to
+stimulate growth and that he was urging private banks to grant
+new loans to the country.
+    Knox said in an interview with the local daily La Nacion
+yesterday that Argentina's current economic policies contained
+key elements to stimulate growth and the World Bank was very
+interested in financing its growth.
+    "We are encouraging creditor banks to grant new loans to
+make Argentine growth possible," said Knox, who arrived in
+Argentina last Thursday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10141" NEWID="5228">
+<DATE>16-MAR-1987 05:10:58.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1359&#31;reute
+u f BC-CIE-BANCAIRE-IN-ONE-F   03-16 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIE BANCAIRE IN ONE-FOR-FIVE BONUS SHARE ISSUE</TITLE>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>&lt;Cie Bancaire>, a subsidiary of recently
+privatised banking group Cie Financiere de Paribas &lt;PARI.PA>,
+said it is issuing 2.35 mln new 100 francs nominal shares on
+the basis of one for five already held.
+    The operation will begin on March 31, a spokesman said.
+    Cie Bancaire also said it has increased its capital to 1.41
+billion francs from 1.17 billion by the incorporation of 237.74
+mln francs of reserves.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10142" NEWID="5229">
+<DATE>16-MAR-1987 05:11:41.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1361&#31;reute
+u f BC-JAPAN'S-NEC-THREATENS   03-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S NEC THREATENS LEGAL ACTION AGAINST SEIKO</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>NEC Corp &lt;NESI.T> may take legal action
+to halt introduction of &lt;Seiko Epson Corp>'s NEC-compatible
+personal computer series, which NEC alleges infringes
+copyrights for NEC's 9801 V computer series, an NEC official
+said.
+    "We may have no choice but to take legal action," the NEC
+official said.
+    A Seiko Epson official said the company's PC 286 series,
+the first NEC-compatible personal computer, does not infringe
+on NEC copyrights. He said the company intends to go ahead with
+plans to market the computers from late April.
+    A Seiko Epson official said of the new machine, "It's
+compatible with NEC's machine, so it appears similar. But our
+intention was to develop an original machine."
+    Industry analysts said NEC controls about 70 pct of the
+domestic personal computer market.
+    They said introduction of NEC-compatible machines could
+start a price war and cut NEC's profits, as happened to IBM
+following the introduction of IBM-compatible machines.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10143" NEWID="5230">
+<DATE>16-MAR-1987 05:13:28.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1365&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - SWISS OPTIONS AND FUTURES</TITLE>
+<AUTHOR>    By Richard Murphy, Reuters</AUTHOR>
+<DATELINE>    ZURICH, March 12 - </DATELINE><BODY>Preparations for the launch of a Swiss
+options and futures exchange, billed as the first completely
+electronic market of its kind, are at an advanced stage,
+according to members of the project team.
+    The Swiss Options and Financial Futures Exchange (Soffex)
+is a new departure in that it will introduce an additional
+range of financial instruments and electronic trading methods
+to the traditionally conservative Swiss market.
+    There will be no physical exchange floor and both trading
+and clearing systems will be completely automated.
+    The new market, due to start operating in January 1988,
+follows a series of innovations by the bourses in Zurich, Basle
+and Geneva aimed at preventing loss of business in the face of
+keen competition from London and Frankfurt.
+    These innovations included the introduction last October of
+continuous trading in major shares, plans to establish a single
+continuously updated Swiss share index from next month to
+supplement the various indices produced by the major banks at
+the close of business, and experiments in electronic trading.
+    Banks themselves last year took the initiative of launching
+covered warrants on the shares of other Swiss companies.
+    "If Switzerland wants to maintain and expand its
+international prominence in portfolio management, our bankers
+and fund managers must have the same modern instruments at
+their disposal as their competitors," says Soffex president
+Rudolf Mueller, a director of Union Bank of Switzerland.
+    The computer terminals on which business will be conducted
+will be confined to Switzerland. It is still unclear how many
+Swiss-based institutions will seek membership of the exchange.
+    Formal applications are not due until next month but a
+preliminary survey completed by the Soffex project team this
+week showed strong interest in membership.
+    "The response from both Swiss and foreign institutions all
+over the country has been very encouraging," says Philippe
+Bollag of the project team.
+    Hans Kaufmann, who follows Swiss equities for Bank Julius
+Baer, says a regulated traded options exchange should boost
+foreign interest in Swiss shares and possibly increase bourse
+turnover generally.
+    The possibility of protecting portfolios by hedging should
+attract Swiss institutional investors, Kaufmann added.
+    Soffex is a private company set up by the five major Swiss
+banks and the bourses of Zurich, Geneva and Basle.
+    Trading will initially be limited to stock options on 10 to
+15 leading Swiss bearer shares. An options contract on the new
+Swiss share index should follow within six months but trading
+in financial futures will be delayed until an unspecified
+future date. Options on foreign shares may also be added later.
+    Participants will be either brokers or dealers, operating
+in the market through computer terminals in their own offices.
+Trading must be conducted exclusively through the exchange.
+    Exchange membership is open to banks, traders and brokerage
+firms with an office in Switzerland, while Clearing Members
+must be recognised as banks under Swiss law.
+    The trading system, based on Digital Equipment Corp
+software and hardware, provides for the display of best bid and
+offer prices, matches orders electronically, allows anonymous
+negotiation of block orders and maintains members' order books.
+    An "interest" facility, aimed at helping participants to
+gauge the market mood, shows the number of users watching a
+particular instrument at any time. Most of the electronic
+clearing functions will be carried out overnight.
+    Each contract will cover only five shares instead of the
+100 shares normally traded on existing options and futures
+markets in the United States, London, Amsterdam and Stockholm.
+    This reflects the fact that Swiss shares often cost
+thousands of francs. Bearer shares in F. Hoffman-La Roche und
+Co AG &lt;HOFZ.Z>, likely to be on the Soffex opening list, were
+quoted this week at 209,000 francs each.
+    Contracts will initally be offered for the three end-months
+following the trading date plus the subsequent January, April,
+July or October end-months. Longer maturities may be added in
+future if market liquidity permits.
+    Detailed provisions have still to be worked out in areas
+such as margin requirements, position limits, the supervisory
+and regulatory functions of the exchange and brokerage fees.
+    Banks polled by Reuters in a random survey were
+enthusiastic about Soffex but reticent about the level of their
+own involvement and about the exchange's prospects for success.
+    "We're moving into completely new surroundings and it will
+require a change in psychology," said a securities dealer at a
+major Swiss bank. "We in Switzerland are not used to sitting all
+day at a screen where nobody shouts at you."
+    Moving into traded options will also require considerable
+investment in equipment and staff by participants. Completely
+new dealing and back-office skills will have to be acquired and
+some banks are already sending staff abroad for training.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10144" NEWID="5231">
+<DATE>16-MAR-1987 05:16:48.45</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1376&#31;reute
+u f BC-ISRAELI-INFLATION-RAT   03-16 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAELI INFLATION RATE IS 1.0 PCT IN FEBRUARY</TITLE>
+<DATELINE>    JERUSALEM, March 16 - </DATELINE><BODY>Israel's inflation rate for February
+was one pct, compared to 2.1 pct in January and 1.6 pct in
+February 1986, a spokesman for the Central Bureau of Statistics
+said.
+    Inflation for the 12 months ending in February was 23 pct,
+the spokesman said.
+    February price rises were mostly in housing, health,
+education, entertainment and transport.
+    Wage and price controls have been in force since August
+1985. Officials said the controls have helped soften the effect
+of a recent 10 pct devaluation of the shekel.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10145" NEWID="5232">
+<DATE>16-MAR-1987 05:17:33.07</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1378&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-16 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 90 MLN STG EARLY HELP</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The Bank of England said it provided the
+money market with assistance worth 90 mln stg in response to an
+early round of bill offers from discount houses.
+    Earlier, the bank estimated the shortage in the system
+today at some 1.05 billion stg.
+    The bank bought bills for resale to the market in equal
+amounts on April 1, 2 and 3 at an interest rate of 10-7/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10146" NEWID="5233">
+<DATE>16-MAR-1987 05:18:09.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1380&#31;reute
+u f BC-PHILIPPINE-CAPITAL-FU   03-16 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE CAPITAL FUND PLANNED, ONGPIN SAYS</TITLE>
+<DATELINE>    MANILA, March 16 - </DATELINE><BODY>A 250 mln dlr Philippine capital fund
+will be launched shortly to encourage private sector
+investment, Finance Secretary Jaime Ongpin said in a report to
+President Corazon Aquino on his first year in office.
+    The First Philippine Capital Fund will be launched jointly
+by New York investment house &lt;Shearson Lehman Brothers> and the
+International Finance Corp, an affiliate of the World Bank,
+Ongpin said. He gave no date for the launch.
+    Ongpin said the implementation of the fund had been delayed
+by his government's negotiations to reschedule about 9.4
+billion dlrs of its 27.8 billion dlr foreign debt.
+    Craig Nalen, president of a U.S.-government backed Overseas
+Private Investment Corp mission which visited Manila in
+February, told reporters at the time the capital fund would
+amount to at least 100 mln dlrs.
+    Ongpin proposed the 250 mln dlr fund during a trip to the
+United States last September.
+    His plan called on private investors to raise funds to buy
+discounted obligations of Philippine borrowers from creditors
+and convert them to equity in local projects.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10147" NEWID="5234">
+<DATE>16-MAR-1987 05:27:27.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1393&#31;reute
+u f BC-BOND-DEFERS-RIGHTS-IS   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOND DEFERS RIGHTS ISSUE, MULLS PROJECT PARTNERS</TITLE>
+<DATELINE>    HONG KONG, March 16 - </DATELINE><BODY>&lt;Bond Corp International Ltd>, a
+subsidiary of the Australian-based Bond Corp Holdings Ltd
+&lt;BONA.S>, said it would defer its planned rights issue but
+still wants the issue to be made before July 31.
+    No date has been set for the issue, announced in January.
+    In a document to shareholders, Bond Corp said the delay
+follows its receipt of a 240 mln H.K. Dlr loan from its parent
+company to meet the first payment on the newly acquired Bond
+Centre commercial complex in central Hong Kong.
+    It also wants outside partners to take up to 50 pct in the
+project, the company said.
+    The January announcement said the rights issue would
+finance Bond Corp's 1.4 billion dlr acquisition of a 23.77 pct
+stake in HK-TVB Ltd &lt;TVBH.HK> from film magnate Run Run Shaw.
+    The company then reached an agreement with a consortium led
+by Sino Land Co Ltd &lt;SINO.HK> to buy a commercial complex that
+is still under construction for 1.9 billion dlrs.
+    Bond International said in the document that except for the
+240 mln dlr loan, the deal would be financed from internal
+resources and by selling an interest in the building.
+    The payments must be completed by the end of 1987.
+    Bond International has also sold several residential
+buildings in Hong Kong's mid-levels district for a total of
+68.35 mln dlrs, the statement said.
+    The flats were among the properties it bought last year
+from Hongkong Land Co Ltd &lt;HKLD.HK> for 1.4 billion dlrs.
+    Analysts said Bond International is heavily geared as it
+has relied on bank borrowings to purchase both the Hongkong
+Land properties and the HK-TVB shares.
+    Bond International also said in the document that while it
+plans to sell an interest in the complex it will hold the
+HK-TVB shares as a long-term investment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10148" NEWID="5235">
+<DATE>16-MAR-1987 05:29:06.58</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1397&#31;reute
+u f BC-PHILIPPINES-SEES-1987   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES SEES 1987 GOVERNMENT REVENUE UP 26 PCT</TITLE>
+<DATELINE>    MANILA, March 16 - </DATELINE><BODY>Philippine government revenue is
+expected to rise 26 pct to 99.9 billion pesos this year from
+79.1 billion in 1986, Finance Secretary Jaime Ongpin said.
+    In a report to President Corazon Aquino on his department's
+performance during the year ended February 28, Ongpin said at
+least 15.9 billion pesos were expected to accrue from new tax
+reform measures announced last year.
+    He said the goal for official development assistance (ODA)
+this year is two billion dlrs, adding that aid donors have
+committed ODA inflows of 1.7 billion dlrs in 1987, up 30 pct
+from 1.3 billion in 1986.
+    Ongpin said steps planned to provide a sound revenue base
+included a value added tax (VAT) system due to be introduced in
+1988. He gave no other details.
+    He said treasury bill maturities, interest rate levels and
+the volume of government securities sold to the private sector
+have improved significantly. "In particular, short-term prime
+interest rates which had gone over 40 pct in 1985, are now down
+to less than 10 pct," he said.
+    Ongpin said the government's debt-equity scheme, introduced
+in August last year, had attracted more than 276 mln dlrs worth
+of applications, but selective evaluation had resulted in
+approvals of only 61.8 mln dlrs at end-February.
+    He said his department aims to accelerate its privatisation
+program and the sale of non-performing assets owned by
+associates of former President Ferdinand Marcos to achieve a
+1987 sales target of four billion pesos which would help
+finance land reform.
+    Aquino said earlier this month that all the 24 billion
+pesos the government hopes to raise from the sale of the failed
+companies will be used to finance the land reform plan.
+    Ongpin also said the government would pursue efforts to
+obtain 500 mln dlrs in concessional funding for the program
+from a World Bank-led consultative group of multilateral and
+bilateral aid donors.
+    The government has said the land reform plan aims to
+distribute 9.7 mln hectares of land to poor peasants.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10149" NEWID="5236">
+<DATE>16-MAR-1987 05:29:24.37</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1398&#31;reute
+u f BC-NORWAY'S-TRADE-DEFICI   03-16 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY'S TRADE DEFICIT WIDENS IN FEBRUARY</TITLE>
+<DATELINE>    OSLO, March 16 - </DATELINE><BODY>Norway's trade deficit widened in February
+to 957 mln crowns from 80 mln crowns in January and 492 mln
+crowns in February last year, the Central Bureau of Statistics
+said.
+    Exports dropped to 10.66 billion crowns last month,
+compared with 11.11 billion in January and 10.85 billion in
+February 1986, it added.
+    Crude oil and natural gas exports totalled 4.56 billion
+crowns in February, against 5.10 billion in January and 5.36
+billion a year ago.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10150" NEWID="5237">
+<DATE>16-MAR-1987 05:29:40.59</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1400&#31;reute
+r f BC-UAE-GOVERNMENT-PAPER   03-16 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE GOVERNMENT PAPER YIELDS UNCHANGED</TITLE>
+<DATELINE>    ABU DHABI, March 16 - </DATELINE><BODY>Yields on certificates of deposit
+issued by the United Arab Emirates Central Bank were unchanged
+at 6-1/8 pct, the bank said.
+    The yield applies to maturities of one, two, three and six
+months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10151" NEWID="5238">
+<DATE>16-MAR-1987 05:29:51.32</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1401&#31;reute
+r f BC-DUTCH-COST-OF-LIVING   03-16 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH COST OF LIVING FALLS 1.2 PCT IN FEBRUARY</TITLE>
+<DATELINE>    THE HAGUE, March 16 - </DATELINE><BODY>The Dutch cost of living index (base
+1980) fell 1.2 pct to 121.5 in the year to mid-February after a
+1.3 pct fall in the year to mid-January 1987, the Economics
+Ministry said.
+    The February index was 0.2 pct up on January.
+    Clothing, shoe and vegetable prices rose in February while
+prices of coffee, heating oil and most car fuels fell, the
+Ministry added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10152" NEWID="5239">
+<DATE>16-MAR-1987 05:31:16.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1406&#31;reute
+u f BC-HELABA-UNIT-ISSUES-LU   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELABA UNIT ISSUES LUXEMBOURG FRANC PLACEMENT</TITLE>
+<DATELINE>    LUXEMBOURG, March 16 - </DATELINE><BODY>Helaba Luxembourg Hessische
+Landesbank International has issued a 300 mln Luxembourg franc,
+seven-year private placement with a coupon of 7.5 pct and
+priced at par, lead manager Banque Generale du Luxembourg said.
+    A spokesman said the issue had already been placed in full.
+Fees total 1-3/4 pct, with 1-1/2 pct for co-managers. The
+management group includes Banque Paribas (Luxembourg),
+Kredietbank SA Luxembourgeoise and Banque de Luxembourg SA.
+    The borrower is an affiliate of West Germany's Hessische
+Landesbank Girozentral
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10153" NEWID="5240">
+<DATE>16-MAR-1987 05:31:50.70</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1407&#31;reute
+u f BC-SWEDISH-INDUSTRIAL-PR   03-16 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH INDUSTRIAL PRODUCTION FALLS IN JANUARY</TITLE>
+<DATELINE>    STOCKHOLM, March 16 - </DATELINE><BODY>Sweden's industrial production fell
+1.8 pct during January compared with a fall of 0.8 pct the
+month before and remains unchanged compared with January 1986,
+according to figures from the Central Bureau of Statistics.
+    The bureau attributed the fall to a long Christmas break
+and particularly cold weather, which lowered production in the
+forestry industry.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10154" NEWID="5241">
+<DATE>16-MAR-1987 05:32:07.20</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1409&#31;reute
+b f BC-BUNDESBANK-ADDS-MONEY   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK ADDS MONEY MARKET LIQUIDITY</TITLE>
+<DATELINE>    FRANKFURT, March 16 - </DATELINE><BODY>The Bundesbank came into the domestic
+money market to add temporary liquidity through federal
+government funds as call money rates rose above 4.0 pct,
+dealers said.
+    They estimated that the bulk of liquidity was added at
+about 3.95 pct. Call money fell to 3.90/4.0 pct after the move.
+It had been 3.80/90 on Friday.
+    The move came as call money extended a rise begun Friday
+after the Bundesbank took up some six billion marks owed to it
+by other European central banks after currency interventions in
+the framework of European Monetary System in January.
+    Rates could ease further in trading today but dealers
+expect them to rise later in the week as banks begin paying out
+funds for tax payments on behalf of clients.
+    Some 30 billion marks is likely to leave the market this
+month, with the bulk being paid out next week.
+    In anticipation of this liquidity drain, banks have stocked
+up reserves at the Bundesbank.
+    On Thursday, minimum reserve holdings declined to 57.0
+billion marks from 60.0 billion on Wednesday but were well
+above the 53.2 billion held on Tuesday. Daily average reserve
+holdings rose slightly to 54.7 billion marks from 54.5 billion.
+    The daily average reserve holdings were above the level of
+around 51 billion marks dealers said is needed for the required
+daily average for the month.
+    With the heavy tax drain in March, banks are likely to
+remain cautious about taking more liquidity out of reserves
+than is absolutely necessary.
+    However, a new securities repurchase pact likely to be
+added next week to replace a facility expiring then could
+somewhat offset the drain.
+    The Bundesbank is expected to allocate more than the 3.4
+billion marks which is due to be rolled over, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10155" NEWID="5242">
+<DATE>16-MAR-1987 05:34:24.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1411&#31;reute
+u f BC-TOYOTA-LIKELY-TO-NAME   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA LIKELY TO NAME AMERICAN FIRMS AS SUPPLIERS</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>Toyota Motor Corp &lt;TOYO.T> is likely to
+name more American companies as suppliers of car parts for its
+wholly-owned U.S. Subsidiary Toyota Motor Manufacturing USA Inc
+(TMM), a Toyota official told Reuters.
+    Toyota is studying the use of General Motors Corp's &lt;GM.N>
+GM Delco Products as a supplier of motors for windshield wipers
+and Illinois Tool Works Inc for window handles, he said.
+Another U.S. Firm may be used to supply radiator tanks.
+    Toyota had originally planned to use two Japanese companies
+to supply the parts, Nippondenso Co Ltd &lt;DNOT.T> and Aisin
+Seiki Co Ltd.
+    Toyota is also considering some other U.S. Firms as
+suppliers, but the spokesman declined to name them.
+    Cars produced at Toyota's Kentucky plant will consist of 60
+pct local content, instead of an earlier planned 50 pct, he
+said. The plant is scheduled to start production in mid-1988
+and have an annual capacity of 200,000 cars.
+    Industry sources said the Toyota move was designed to head
+off criticism that it was not using enough U.S. Company-made
+parts at its Kentucky plant.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10156" NEWID="5243">
+<DATE>16-MAR-1987 05:35:28.30</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>france</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1412&#31;reute
+u f BC-PECHINEY-SIGNS-LETTER   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PECHINEY SIGNS LETTERS OF INTENT WITH SOVIET UNION</TITLE>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>Pechiney &lt;PUKG.PA> said it signed two
+letters of intent with the Soviet Union covering the setting up
+of packaging and packaging materials joint ventures.
+    It said one proposed venture would produce  aluminium
+packaging for food and cosmetics. The other envisaged Pechiney
+putting together a consortium of  European partners to set up a
+packaging and equipment manufacturing unit in the Soviet Union.
+    A Pechiney spokesman said two working groups would prepare
+detailed projects over the next three months. He said it was
+too soon to estimate the financial value of the two ventures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10157" NEWID="5244">
+<DATE>16-MAR-1987 05:36:21.97</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>cyprus</D><D>iraq</D><D>turkey</D><D>ecuador</D><D>saudi-arabia</D><D>libya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1413&#31;reute
+u f BC-MEES-SAYS-SECOND-WEEK   03-16 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEES SAYS SECOND WEEK MARCH OPEC OUTPUT 14 MLN BPD</TITLE>
+<DATELINE>    NICOSIA, March 16 - </DATELINE><BODY>OPEC produced only about 14 mln bpd of
+oil in the second week of March -- 1.8 mln bpd below its
+ceiling -- largely because of pipeline problems in Turkey and
+Ecuador, the Middle East Economic Survey (MEES) estimated.
+    A landslide breached Iraq's one mln bpd pipeline through
+Turkey on March 6 for a week, and earthquakes in Ecuador have
+shut down its export pipeline for four to five months. Ecuador
+has an OPEC quota of 210,000 bpd.
+    MEES put Saudi Arabian output at 2.9 mln bpd in the first
+week of March and 3.1 mln bpd in the second, in addition to
+output from the Neutral Zone between Saudi Arabia and Kuwait.
+    MEES said Saudi Arabia was pumping more than 300,000 bpd of
+its total production into floating storage.
+    Saudi Oil Minister Hisham Nazer told Reuters and the
+television news agency Visnews yesterday that Saudi output,
+including Neutral Zone production, was around three mln bpd.
+    The Cyprus-based newsletter also said authoritative Libyan
+oil sources said Libya was producing 850,000 bpd, compared with
+its 948,000 bpd quota, and that actual liftings are much lower
+than that.
+    It said one major Libyan equity producer had partially
+stopped lifting its 55,000 bpd equity entitlement for March
+because Libya was insisting on official prices, but is still
+lifting 40,000 bpd of debt crude at official prices and a
+further 25,000 bpd of "purchase crude."
+    It said small equity producers, with entitlements of only
+2,000 to 3,000 bpd, had also told Tripoli they could not lift
+at official prices.
+    MEES said Iraq had sent a telex to OPEC and member
+countries calling for the formation of a committee to study
+what it said were inequalities in marketing potential among
+various members.
+    The newsletter said the Iraqi letter indicated Baghdad was
+having difficulty selling crude at official prices.
+    The Iraqi telex pointed out that some member countries
+export substantial volumes of oil that are not subject to OPEC
+price regulations -- exports of refined products, equity crude
+on which the margins are equivalent to covert discounts and
+"other forms of hydrocarbons" which are marketed in package deals
+with crude oil.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10158" NEWID="5245">
+<DATE>16-MAR-1987 05:44:13.85</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1426&#31;reute
+u f BC-FINNISH-INFLATION-FAL   03-16 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH INFLATION FALLS TO 3.5 PCT IN FEBRUARY</TITLE>
+<DATELINE>    HELSINKI, March 16 - </DATELINE><BODY>Year-on year Finnish consumer prices
+fell to 3.5 pct in February 1986 from 3.7 pct in January and
+4.6 pct in February 1985, the Central Statistical Office said.
+    Consumer prices rose 0.3 pct in February after rises of one
+pct in January and 0.5 pct in February 1985.
+    The consumer price index, base 1981, was 142.7 in February,
+142.2 in January and 137.8 in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10159" NEWID="5246">
+<DATE>16-MAR-1987 05:53:06.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1436&#31;reute
+u f BC-ALSTHOM-PLANS-ELECTRI   03-16 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALSTHOM PLANS ELECTRICAL EQUIPMENT JOB CUTS</TITLE>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>Engineering group Alsthom &lt;ALSF.PA> said
+it planned to slash 420 jobs this year from the 5,000 strong
+workforce in its electrical equipment division.
+    Details of the proposed staff reductions will be put to
+labour representatives at a meeting on March 19.
+    Company officials said the cuts were needed to adjust to a
+drop in orders from French state utility Electricite de France
+and the cancellation or postponement of unspecified export
+contracts.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10160" NEWID="5247">
+<DATE>16-MAR-1987 06:03:49.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F T C
+&#22;&#22;&#1;f1449&#31;reute
+u f BC-BRIDGESTONE-AND-CLEVI   03-16 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRIDGESTONE AND CLEVITE IN CAR PARTS VENTURE</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>Bridgestone Corp &lt;BRIT.T> said it and
+&lt;Clevite Industries Inc> of the United States will launch a
+joint venture in the U.S. To produce parts for car engines.
+    The joint firm is to have a capital of 40 mln dlrs and will
+produce rubber for cushioning car engines from vibration.
+Launch date for the company, be owned 51 pct by Clevite and 49
+pct by Bridgestone, is to be in June.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10161" NEWID="5248">
+<DATE>16-MAR-1987 06:04:38.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1454&#31;reute
+u f BC-CLUB-MED-ASKS-SHAREHO   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLUB MED ASKS SHAREHOLDER APPROVAL FOR CAPITAL INCREASE</TITLE>
+<DATELINE>    PARIS,March 16 - </DATELINE><BODY>Club Mediterranee &lt;CMI.PA> said it planned
+a 150 mln franc increase in its authorised capital to 388.11
+mln francs from the present 238.11 mln.
+    Shareholders approval would be sought at an extraordinary
+meeting on April 16.
+    The meeting would also be asked to approve a merger of two
+Italian subsidiaries, &lt;CM Italia Spa> and &lt;Societa
+Amministrazioni Turistiche Srl>.
+    This would realise a capital gain on CM Italia's assets,the
+amount of which would be determined by exchange rates ruling on
+the effective date of the merger, a company announcement said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10162" NEWID="5249">
+<DATE>16-MAR-1987 06:05:32.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1457&#31;reute
+u f BC-JAPAN-BANKS-FACE-BIG   03-16 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BANKS FACE BIG LOSSES ON PERPETUAL FLOATERS</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>Japanese banks may have to realize
+significant losses on their seven billion dlrs in perpetual
+floating rate notes after the recent collapse of the market,
+bankers said.
+    How much of a loss is realized in the current fiscal year
+ending March 31 depends on the accounting treatment recommended
+by the Finance Ministry. Ministry sources said the Ministry has
+yet to decide what guidance to give Japanese banks in valuing
+the perpetual floating rate notes they hold.
+    The notes are held by Japanese city, trust, long-term and
+regional banks, including their overseas branches.
+    Roughly half of the Japanese banks assess foreign asset
+portfolios on the basis of current market prices while the
+others assess them at either the acquisition cost or the
+current market price, whichever is lower, bankers said.
+    With the market for such perpetuals non-existent, Finance
+Ministry officials questioned the propriety of using nominal
+quotations supplied by the notes' lead managers to determine
+bank book losses.
+    The Ministry is currently awaiting a legal judgement by the
+National Tax Administration Agency on the propriety of using
+such quotations, one official said.
+    Banks using current market prices alone to value their
+holdings can avoid realizing losses now because they can argue
+that the market is non-existent and hope for a recovery next
+year, bankers said.
+    But those banks who use acquisition cost to value foreign
+portfolios cannot look to the market, bankers said. The
+acquisition cost is obviously higher than the market price,
+whatever it may be, these banks must realize losses in the
+current fiscal year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10163" NEWID="5250">
+<DATE>16-MAR-1987 06:15:07.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1463&#31;reute
+u f BC-PEARSON-CONCENTRATES   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEARSON CONCENTRATES ON FOUR SECTORS</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Pearson Plc &lt;PSON.L> said the recent
+sale of its Fairey Engineering companies, in a 51.5 mln stg
+management buy-out, was part of its policy of concentrating on
+four key sectors.
+    In a statement with its 1986 results, the company said its
+information and entertainments sector's Financial Times, FT,
+newspaper had record sales and profits.
+    The FT is subject to a 70 mln stg investment programme,
+with the printing and publishing operation moving to a new
+plant in the London docklands next year.
+    Its other key sectors are merchant banking, oil and china.
+    Commenting on its Camco Inc oil service subsidiary, Pearson
+said it believes the oil business setback is only temporary.
+    The group has been acquiring oil properties in both the
+U.S. And Britain which will begin to make a significant impact
+on profits in the 1990s.
+    Far East operations of fine china subsidiary Royal Doulton
+Ltd are being expanded in the wake of record recent sales in
+Japan, it added.
+    Pearson reported 1986 pre-tax profit of 121.1 mln stg, up
+from 109.3 mln in 1985. Turnover fell to 953 mln from 970 mln.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10164" NEWID="5251">
+<DATE>16-MAR-1987 06:17:44.66</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1465&#31;reute
+f f BC-German-February-centr   03-16 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German February central bank money grows annual 7.5 pct (January, same) - prov. Bundesbank data
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10165" NEWID="5252">
+<DATE>16-MAR-1987 06:22:02.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1472&#31;reute
+u f BC-H.K.'S-KOWLOON-CANTON   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K.'S KOWLOON-CANTON RAILWAY PLANS NEW LINE</TITLE>
+<DATELINE>    HONG KONG, March 16 - </DATELINE><BODY>The government-owned &lt;Kowloon-Canton
+Railway Corp> is planning a new line to link up the existing
+railroad with the new light rail system now under construction,
+a company spokeswoman said.
+    She said the 14.9-kilometre link will connect the two
+independent lines in the northern part of the suburban area
+near the China border. It is not yet decided whether a light
+rail system or a conventional system will be used for the link.
+    The link, which will take about 3-1/2 years to complete, is
+expected to cost 1.26 billion H.K. Dlrs, she said.
+    The spokeswoman said the final decision on the link is up
+to the government, depending on the government's overall
+transport and development policy.
+    She said consultancy studies commissioned by the company
+show that by 1996 the new link will carry 137,100 passengers
+daily and generate an additional 50,000 passengers in the
+conventional railway system.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10166" NEWID="5253">
+<DATE>16-MAR-1987 06:26:58.62</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1477&#31;reute
+b f BC-GERMAN-FEBRUARY-CENTR   03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN FEBRUARY CENTRAL BANK MONEY GROWTH STEADY</TITLE>
+<DATELINE>    FRANKFURT, March 16 - </DATELINE><BODY>West German central bank money stock
+was growing at an annualized 7.5 pct in February, unchanged
+from the 7.5 pct reported in January, provisional data from the
+Bundesbank showed.
+    The figure was thus outside the three to six pct range set
+by the Bundesbank for 1987.
+    In absolute terms, the measure rose to 223.2 billion marks
+in February from 221.8 billion in the prior month.
+    The data showed that the stock grew at an annualized 8.6
+pct over the six months to February, slower than the 9.4 pct
+rise in the same period to January.
+    Of the two components comprising central bank money stock,
+cash in circulation rose to 111.7 billion marks in February
+from 110.9 billion in January, the Bundesbank data showed.
+    This gave an annualized 8.3 pct rise over the six months to
+February, down from a 10.2 pct increase over the six months to
+January.
+    Minimum reserve requirements on domestic liabilities grew
+to 111.5 billion marks in February from 110.9 billion in
+January.
+    This yielded an annualized 8.8 pct rise over the six month
+to February, up slightly from an 8.6 pct increase over the same
+period to January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10167" NEWID="5254">
+<DATE>16-MAR-1987 06:31:02.11</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1487&#31;reute
+f f BC-UK-FEB-RETAIL-SALES-R   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UK FEB RETAIL SALES RISE PROVISIONAL 2.2 PCT (JAN FALL 2.2 PCT) - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10168" NEWID="5255">
+<DATE>16-MAR-1987 06:31:23.75</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1488&#31;reute
+u f BC-GERMAN-BANK-SEES-HIGH   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANK SEES HIGHER GOLD PRICE FOR 1987</TITLE>
+<DATELINE>    HAMBURG, March 16 - </DATELINE><BODY>Gold is expected to continue its rise
+this year due to renewed inflationary pressures, especially in
+the U.S., Hamburg-based Vereins- und Westbank AG said.
+    It said in a statement the stabilisation of crude oil
+prices and the Organisation of Petroleum Exporting Countries'
+efforts to achieve further firming of the price led to growing
+inflationary pressures in the U.S., The world's biggest crude
+oil producer.
+    Money supplies in the U.S., Japan and West Germany exceed
+the central banks' limits and real growth of their gross
+national products, it said.
+    Use of physical gold should rise this year due to increased
+industrial demand and higher expected coin production, the bank
+said.
+    Speculative demand, which influences the gold price on
+futures markets, has also risen. These factors and South
+Africa's unstable political situation, which may lead to a
+temporary reduction in gold supplies from that country,
+underline the firmer sentiment, it said.
+    However, Australia's output is estimated to rise to 90
+tonnes this year from 73.5 tonnes in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10169" NEWID="5256">
+<DATE>16-MAR-1987 06:32:09.26</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1490&#31;reute
+b f BC-U.K.-RETAIL-SALES-RIS   03-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. RETAIL SALES RISE 2.2 PCT IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The volume of U.K. Retail sales rose a
+provisional, seasonally adjusted 2.2 pct in February after
+falling a final 2.2 pct in January, figures released by the
+Department of Trade and Industry show.
+    The February sales index, base 1980, was put at a
+preliminary 125.0 after a final 122.3 in January.
+    In the three months from December to February, the level of
+sales was little changed over the previous three months but was
+nearly six pct higher than the same year ago period.
+    On a non-seasonally adjusted value basis, retail sales in
+February were a provisional 9.0 pct higher than a year earlier.
+    The Department noted the latest figures were similar to the
+average in the fourth quarter last year but well above the
+January index, which was depressed by the effects of severe
+weather.
+    The February trading period comprised the four weeks
+February 1 to 28. Final February retail sales figures will be
+published on April 6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10170" NEWID="5257">
+<DATE>16-MAR-1987 06:34:09.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1496&#31;reute
+b f BC-TRANSPORT-DEVELOPMENT   03-16 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSPORT DEVELOPMENT GROUP PLC &lt;TDGL.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Shr 17.15p vs 12.37p
+    Final dividend 5.5p, making 7.5p vs 6.2p
+    Pre-tax profit 39.4 mln stg vs 29.7 mln.
+    Turnover 543.2 mln stg vs 481.5 mln
+    Operating profit 48.2 mln stg vs 38.2 mln
+    Net interest 8.9 mln vs 8.6 mln
+    Tax 14.3 mln vs 11.2 mln
+    Profit after tax 25.1 mln vs 18.4 mln
+    Minority interest 300,000 vs 615,000
+    Net tangible assets per ordinary shr 111.3p vs 101.6p
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10171" NEWID="5258">
+<DATE>16-MAR-1987 06:42:20.68</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>ico-coffee</D><D>itc</D><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1504&#31;reute
+u f BC-COCOA-LATEST-FOCUS-FO   03-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA LATEST FOCUS FOR COMMODITY PACT NEGOTIATORS</TITLE>
+<AUTHOR>    By Douglas Learmond, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The credibility of government efforts to
+stabilise fluctuating commodity prices will again be put to the
+test over the next two weeks as countries try to agree on how a
+buffer stock should operate in the cocoa market, government
+delegates and trade experts said.
+    Only two weeks ago, world coffee prices slumped when
+International Coffee Organization members failed to agree on
+how coffee export quotas should be calculated. This week, many
+of the same experts gather in the same building here to try to
+agree on how the cocoa pact reached last summer should work.
+    The still unresolved legal wrangle surrounding the
+International Tin Council (ITC), which had buffer stock losses
+running into hundreds of millions of sterling, is also casting
+a shadow over commodity negotiations.
+    The ITC's failure has restricted negotiators' ability to
+compromise as governments do not want to be involved in pacts
+with built-in flaws or unlimited liability, but want clear
+lines drawn between aid and trade.
+    A more hopeful sign of cooperation was agreement on basic
+elements of a new International Natural Rubber Agreement in
+Geneva at the weekend.
+    Some importing countries insist the International Cocoa
+Organization (ICCO) buffer stock rules must not be muddied with
+quota type subclauses which might dictate the type of cocoa to
+be bought. One consumer country delegate said this would
+"distort, not support" the market.
+    Trade and industry sources blame uncertainty about the ICCO
+for destabilising the market as the recent collapse in coffee
+prices has made traders acutely aware that commodity pacts can
+founder. On Friday this uncertainty helped push London cocoa
+futures down to eight month lows. The strength of sterling has
+also contributed to the recent slip in prices.
+    The ICCO daily and average prices on Friday fell below the
+"must buy" level of 1,600 SDRs a tonne designated in the pact,
+which came into force at the last ICCO session in January but
+without rules for the operation of the buffer stock.
+    Consumers and producers could not agree on how it should
+operate and what discretion it should be given. The agreement
+limits it to trading physical cocoa and expressly says it
+cannot operate on futures markets.
+    A cash balance of some 250 mln dlrs and a stock of almost
+100,000 tonnes of cocoa, enough to mount large buying or
+selling operations, were carried forward from the previous
+agreement.
+    Members finance the stock through a 45 dlrs a tonne levy on
+all cocoa they trade. It has an upper limit of 250,000 tonnes.
+    The key arguments being faced by the ICCO working group on
+buffer stock rules which is meeting today and tomorrow will be
+over non-member cocoa and differentials the buffer stock should
+pay when trading different types of cocoa. Another working
+group is scheduled to meet Wednesday to discuss administrative
+matters, and the full council meets on Thursday.
+    Producers have so far maintained that buffer stock funds
+should not help mop up surplus cocoa produced in non-member
+countries such as Malaysia.
+    Consumers say when this cocoa is the cheapest the buffer
+stock should buy it rather than compete with chocolate
+manufacturers for premium-priced high quality cocoas.
+    The argument over buying non-member cocoa is closely linked
+to the one over differentials for different qualities.
+    European industry and trade advisers have suggested as a
+compromise that the buffer stock have a maximum share that can
+represent non-member cocoa and that it use the London futures
+market's existing differentials for different qualities.
+    Currently, good West African cocoa is tendered at par onto
+the London market.
+    Discounts, which are currently under review, range up to 50
+stg a tonne for Brazilian and Malaysian cocoa.
+    Consumer delegates said the same arguments in reverse would
+operate when prices are high - the buffer stock should sell the
+highest priced cocoa in most demand, forcing all prices lower.
+    The January talks were slowed by a split inside the
+European Community, a key ICCO consumer group, with France
+siding with producers. EC representatives met in closed session
+in Brussels on Friday in an attempt to reach a common ground
+and, a diplomatic source said, narrowed the range of positions
+among the 12 nations.
+    The source said the EC will be looking for signs of
+flexibility on the part of producers in the next few days and
+will be able to respond if they are there.
+    One ICCO delegate describing the producer/consumer split
+said consumer proposals mean buying more cocoa for less and
+backs the concept of the pact which is "meant to support the
+market where trade buying is not."
+    In contrast, he said, producers seem to want to sell their
+cocoa to the buffer stock rather than consumers.
+    Other, more technical, issues still outstanding include
+whether the buffer stock should buy at a single announced
+"posted price" as in the previous pact or by announcing it is
+buying then accepting offers.
+    In either case, delegates said, it is accepted that
+producers must be given a clear opportunity to make offers of
+cocoa for forward shipment directly to the buffer stock in a
+way that is competitive with spot offers made by dealers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10172" NEWID="5259">
+<DATE>16-MAR-1987 06:57:10.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1527&#31;reute
+u f BC-CATHAY-PACIFIC-WINS-T   03-16 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATHAY PACIFIC WINS TORONTO ROUTE LICENSE</TITLE>
+<DATELINE>    HONG KONG, March 16 - </DATELINE><BODY>Cathay Pacific Airways Ltd &lt;CAPH.HK>
+has won a two-year license from the Hong Kong government to
+operate scheduled flights to Toronto, a Cathay spokesman said.
+    He told Reuters the airline had sought a five-year right to
+add Toronto to its existing license to serve the United States
+and Canada.
+    "We're pleased," the spokesman said. "It's important because
+Toronto has a large ethnic Chinese commmunity and there's a
+growing amount of travel."
+    Canadian and British authorities must agree on air service
+rights before Cathay can begin service to toronto.
+    Cathay Pacific is controlled by Swire Pacific Ltd &lt;SWPC.
+HK>.
+    Hongkong Dragon Airlines Ltd, a fledgling locally  based
+airline, had opposed the move, saying that Cathay should wait
+until its license for its U.S. And Canadian routes expires in
+February next year.
+    A hearing started today and continues tomorrow. An
+application by Dragonair is to start flights to Malaysian
+cities including Kuala Lumpur and Kota Kinabalu. Cathay is
+opposing Dragonair's request.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10173" NEWID="5260">
+<DATE>16-MAR-1987 06:57:53.52</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1529&#31;reute
+r f BC-YUGOSLAV-FEBRUARY-INF   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAV FEBRUARY INFLATION RISES 7.2 PCT</TITLE>
+<DATELINE>    BELGRADE, March 16 - </DATELINE><BODY>Yugoslav retail prices in February
+rose 7.2 pct from January to stand 91.6 pct higher than in
+February 1986, the Federal Statistics Office said.
+    In January retail prices rose 6.6 pct from December to
+stand 90.4 pct higher than in January 1986.
+    The cost of living, an index that includes services and
+utilities as well as retail prices, was up 7.3 pct in February
+from January and stood 93.6 pct higher than in February 1986.
+    In January the cost of living increased by 6.4 pct from
+December and stood 91.8 pct higher than in January 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10174" NEWID="5261">
+<DATE>16-MAR-1987 07:00:37.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1535&#31;reute
+u f BC-FINNISH-MARKETS-SHOW   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH MARKETS SHOW NO PRE-ELECTION IMPACT</TITLE>
+<DATELINE>    HELSINKI, March 16 - </DATELINE><BODY>Finnish two-day general elections
+ending tonight have not affected financial markets, with trade
+continuing as normal, bankers said.
+    "There is no sign of nervousness, the market is steady as a
+rock. Trade is normal, I see no special increase or decrease,"
+one foreign banker said.
+    The markka's currency index was fixed today at 103.8,
+unchanged since early March. The mid-rate fix of the dollar was
+4.517 markka, down from 4.546 last Friday.
+    Opinion polls show a possible return into government of the
+Conservatives after 21 years in opposition.
+    Trade at the Helsinki Stock Exchange was unaffected by the
+election, securities analysts said.
+    They said the likelihood of major changes in economic
+policy even if the Conservatives join the government are slim
+although they favour further liberalisation of financial
+markets.
+    The Conservatives, who hold 44 seats in Parliament, have
+shelved plans to privatise state industry in order to improve
+their chances of joining a centrist coalition.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10175" NEWID="5262">
+<DATE>16-MAR-1987 07:06:31.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1549&#31;reute
+u f BC-SCIENTIST-ALLAYS-FEAR   03-16 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCIENTIST ALLAYS FEARS ABOUT CHERNOBYL POLLUTION</TITLE>
+<DATELINE>    MOSCOW, March 16 - </DATELINE><BODY>Radioactive contamination of water
+supplies around the Chernobyl nuclear power plant will not
+reach danger levels when the winter snowfall starts to melt, a
+Soviet scientist was quoted as saying at the weekend.
+    Konstantin Sytnik, vice-president of the Ukrainian Academy
+of Sciences, said there had been fears that melted snow
+containing radioactive particles might flow into main water
+supplies.
+    But he told the Communist Party newspaper Pravda that
+contamination of snow around the plant was within safety levels
+and some of it had already been absorbed into the soil.
+    Snowfall this winter had been greater than usual and a
+certain increase in the amount of radiation in the water was
+inevitable. But contamination would be within the permissible
+limits, Sytnik said.
+    The banks of the river Pripyat, which flows near the plant,
+had been reinforced to prevent it bursting its banks when the
+thaw began this spring, he added.
+    About 135,000 people were evacuated and 31 were killed
+after an explosion and fire at Chernobyl last April 26. A
+concrete wall was built last summer to prevent contamination of
+the Pripyat by radioactive ground water.
+    Meanwhile, a Ukrainian official was quoted as saying today
+that preparations were under way in the Ukraine to evacuate
+towns and villages before there was heavy flooding after higher
+than usual snowfall this winter.
+    V. Martynenko, head of a flood commission in the Donbass
+area of the Ukraine, told Pravda preparations had begun for the
+evacuation of about 112,000 people in the Donbass in the south
+of the republic. About 190 towns and villages and 12,000 homes
+could be flooded when snow -- falls of which had been six times
+higher than usual in some areas -- started to thaw. Cattle had
+already been moved from some parts, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10176" NEWID="5263">
+<DATE>16-MAR-1987 07:09:58.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1555&#31;reute
+b f BC-AQUINO-DISBANDS-VIGIL   03-16 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AQUINO DISBANDS VIGILANTE GROUPS</TITLE>
+<DATELINE>    MANILA, March 16 - </DATELINE><BODY>President Aquino has ordered the
+dissolution of all armed civilian vigilante groups around the
+Philippines, officials said.
+    The order follows protests about the activities of
+vigilantes by human-rights activists, but goes against calls by
+the military for more such groups.
+    The vigilantes have been credited with a major role in
+recent successes in several districts against communist rebels.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10177" NEWID="5264">
+<DATE>16-MAR-1987 07:16:04.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1577&#31;reute
+u f BC-MAI-PLC-&lt;MLLL.L>-SIX   03-16 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAI PLC &lt;MLLL.L> SIX MONTHS TO DECEMBER</TITLE>
+<DATELINE>    LONDON, March 16-
+    </DATELINE><BODY>Shr 25.7p vs 21.5p
+    Div 6p vs 4p
+    Pretax profit 24.13 mln stg vs 16.40 mln
+    Net after tax 15.08 mln vs 10.52
+    Extraordinary credit 8.71 mln stg vs nil
+    Turnover 140.8 mln vs 96.55
+    Note - The extraordinary item comprises profit less losses
+on the sale of certain subsidiaries less related tax and
+minority interests.
+    Pretax profit comprises -
+    Securities and money broking 15.44 mln stg vs 10.75 mln
+    Personal financial services 3.6 mln vs 735,000 stg
+    Media 3.74 mln vs 3.16 mln
+    Market reserch 912,000 stg vs 732,000
+    Net interest 438,000 vs 1.03 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10178" NEWID="5265">
+<DATE>16-MAR-1987 07:17:25.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1583&#31;reute
+d f BC-PANEL-HEAD-SAYS-MARCO   03-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANEL HEAD SAYS MARCOS STILL CONTROLS LARGE FUNDS</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 15 - </DATELINE><BODY>The head of a Philippine panel charged
+with recovering illegal wealth accumulated by former President
+Ferdinand Marcos and his associates said they still controlled
+large funds circulating in the country's economy.
+    Ramon Diaz, Chairman of the Presidential Commission on Good
+Government (PCGG) told Reuters in an interview: "There is every
+reason to believe that the cronies and President Marcos and his
+family were able to hide millions and millions of pesos before
+they fled. As a matter of fact we have been able to get hold of
+crates of newly printed currency."
+    Diaz did not give figures, but said: "We believe they still
+have a lot of funds. These are the funds that they will use in
+the coming elections. These are the funds that they used to
+stage those coups."
+    He was referring to congressional elections scheduled for
+May 11 and to the three coup attempts faced by President
+Corazon Aquino since she toppled Marcos a year ago.
+    Diaz said the PCGG so far has recovered cash and property
+valued at about eight billion pesos and had sequestered shares
+of stock of at least 286 firms. "We have achieved more than what
+we thought we could achieve in one year," he added.
+    The government last week announced that businessman Antonio
+Floirendo, an associate of Marcos known as the "banana king," had
+turned over 70 mln pesos in cash to the PCGG and promised to
+surrender titles to property in New York and Hawaii worth
+another 180 mln pesos. In return, the PCGG said it had lifted
+freeze and sequestration orders on Floirendo's properties.
+    Diaz said there were already similar preliminary agreements
+with another Marcos associate, Roberto Benedicto. He said
+Benedicto had surrendered control of several newspapers and
+radio and television stations and agreed to PCGG control of the
+boards of a bank and a hotel he owned in the Philippines.
+    Diaz said the PCGG based its estimates of illegal wealth on
+income-tax returns and land titles of Marcos associates.
+"Anything over and above reported income -- that's what we have
+to recover," he said.
+    He said a decision by the PCGG last week to probe street
+certificates held by brokers at Manila's two stock exchanges
+was prompted by suspicion that illegal funds were in
+circulation.
+    Street certificates describe securities held in the name of
+a broker or another nominee instead of a customer so as to
+permit easy trading or transfer.
+ Reuter...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10179" NEWID="5266">
+<DATE>16-MAR-1987 07:18:34.90</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>madagascar</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1587&#31;reute
+u f BC-MADAGASCAR-RICE-CROP   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MADAGASCAR RICE CROP ESTIMATED HIGHER IN 1987</TITLE>
+<DATELINE>    ANTANANARIVO, March 16 - </DATELINE><BODY>Madagascar's vital rice crop is
+estimated at 2,286,000 tonnes of paddy this year, up from
+2,138,000 in 1986, the Ministry of Agriculture said.
+    The Trade Ministry said rice imports quadrupled in local
+currency value during the first nine months of last year as the
+government established a buffer stock of the country's staple
+food.
+    Rice imports increased to 82.4 billion Malagasy francs
+during the first nine months of last year from 20 billion in
+the same period of 1985, the ministry said, without disclosing
+the tonnages involved.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10180" NEWID="5267">
+<DATE>16-MAR-1987 07:18:51.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1588&#31;reute
+u f BC-HUNGARIAN-BANK-DENIES   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNGARIAN BANK DENIES MISCONDUCT IN VW AFFAIR</TITLE>
+<DATELINE>    BUDAPEST, March 16 - </DATELINE><BODY>The National Bank of Hungary said its
+name had been used in fraudulent foreign exchange contracts
+with Volkswagen AG &lt;VOWG.F> but denied any misconduct on its
+part.
+    National Bank managing director Laszlo Karczag told
+Reuters, "All our businesses (with Volkswagen) had been closed
+with all payments made when due on both sides and therefore we
+do not have ... Any open or unsettled positions whatsoever with
+them."
+    Karczag said the bank was in contact with Volkswagen and
+was "rendering them all possible assistance in their
+investigations."
+    The West German weekly Der Speigel said a fraud involving
+VW's reported 480 mln mark loss on foreign exchange dealings
+came to light when the Hungarian National Bank refused to
+honour what turned out to be a fake forward currency purchase
+contract.
+    Reading a prepared statement, Korczag said, "We have
+knowledge, however, of the fact that in certain fraudulent
+contracts the name of the National Bank of Hungary has also
+been misused. We deny any kind of misconduct on our part."
+    The bank had been doing foreign exchange business with
+Volkswagen "for a few years," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10181" NEWID="5268">
+<DATE>16-MAR-1987 07:19:08.54</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1590&#31;reute
+r f BC-ECUADOR-SAYS-IT-WILL   03-16 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR SAYS IT WILL PAY DEBT WHEN IT CAN</TITLE>
+<DATELINE>    QUITO, March 16 - </DATELINE><BODY>President Leon Febres Cordero said
+Ecuador would honour its debt when it had the capacity to make
+payments, but said foreign banks had calculated oil would have
+to be 25 dlrs a barrel for Ecuador to meet its commitments.
+    Ecuador said on Friday that last week's earthquake was
+forcing it to reaffirm an earlier decision -- based on the
+slide in world oil prices -- to suspend debt payments to
+private foreign banks, which hold two-thirds of its 8.16
+billion dlr foreign debt.
+    "All legitimate debt is a commitment of honour," the
+president said during a visit to the quake zone. "A government
+as a sovereign entity has dignity and prestige to maintain."
+    Private foreign banks and the World Bank had calculated oil
+would have to be at least 25 dlrs a barrel for Quito to be able
+to meet its commitments, Febres Cordero said.
+    He added that Ecuadorean crude was now selling for 15 to 17
+dlrs a barrel after having been sold for many months at 12 dlrs
+a barrel and as low as seven dlrs before that.
+    Meanwhile, Ecuador announced an austerity program and a
+price freeze on key consumer goods as a result of the
+earthquake, which killed at least 300 people.
+    Presidency Minister Patricio Quevedo said the budget would
+be cut by five to 10 pct, government hiring would be frozen and
+salaries of top officials, including the president and cabinet,
+would be reduced.
+    He also said a price freeze would be imposed on 20 basic
+consumer items, mainly food staples, while the price of
+gasoline would rise by between 69 and 80 pct and bus fares
+would rise by 20 pct. Gasoline supplies would also be limited.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10182" NEWID="5269">
+<DATE>16-MAR-1987 07:19:21.04</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1592&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   03-16 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST REVISED UPWARDS</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The Bank of England said it had revised
+its estimate of the shortage in the money market today up to
+1.15 billion stg before taking account of its early operations.
+    Earlier, the bank forecast the deficit at 1.05 billion stg
+and gave 90 mln stg assistance at an early round of bill
+offers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10183" NEWID="5270">
+<DATE>16-MAR-1987 07:19:43.38</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A Y
+&#22;&#22;&#1;f1594&#31;reute
+r f BC-PARIBAS-SEEKING-TO-AD   03-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIBAS SEEKING TO ADJUST ECUADOR OIL FACILITY</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Banque Paribas, which arranged a 220
+mln dlr loan for Ecuador last year to pre-finance oil exports,
+wants to adjust the terms of the facility to help the country
+recover from a devastating earthquake, bankers said.
+    But the French bank's plan, which would effectively
+postpone repayment of about 30 mln dlrs of the loan for several
+months, is running into stiff resistance from many of the 52
+members of the loan syndicate.
+    The pipeline that carries all Ecuador's oil exports was
+ruptured in the March 5 tremor and will take some five months
+to repair at a cost of about 150 mln dlrs to repair.
+    President Leon Febres Cordero on Friday estimated total
+damages caused by the quake at one billion dlrs and said that
+Ecuador as a result would maintain January's suspension of
+interest payments on its foreign commercial bank debt.
+    Payments were halted in January because of the drop in the
+price of oil, which accounts for nearly two-thirds of Ecuador's
+export earnings and 60 pct of government revenue.
+    Although sympathetic to Ecuador's plight, many banks in the
+Paribas facility feel that emergency financial relief is a job
+for international financial organizations and not for
+commercial banks, bankers said.
+    The 18-month oil-financing facility, which was signed last
+October 28, is one of the few purely voluntary credits for a
+Latin American nation since the region's debt crisis erupted in
+August 1982.
+    Because it was a voluntary deal, many bankers feel strongly
+that the orginal terms must be adhered to. Otherwise, they
+fear, the gradual re-establishment of normal market conditions
+for Latin borrowers will be set back.
+    "There's a lot of reluctance by the other banks. They feel
+it's a different facility, and so any kind of suggestion of a
+restructuring would look bad," one banker commented.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10184" NEWID="5271">
+<DATE>16-MAR-1987 07:20:40.55</DATE>
+<TOPICS><D>money-fx</D><D>yen</D><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1599&#31;reute
+r f BC-BANK-OF-JAPAN-SATISFI   03-16 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN SATISFIED WITH YEN AT CURRENT RANGE</TITLE>
+<DATELINE>    TOKYO, March 16 - </DATELINE><BODY>The Bank of Japan is satisfied with the
+yen around its current range, a senior central bank official
+told reporters.
+    He said the pledge by major industrial nations in Paris
+last month to cooperate to hold exchange rates around current
+ranges applied in both directions, a dollar fall or a dollar
+rise.
+    Unilateral intervention itself cannot ensure currency
+stability, but it can be useful when coordinated with other
+policies and with other central banks, he said.
+    The Bank of Japan is rather confident currency stability
+will continue for some time, the senior bank official said, but
+declined to be more specific.
+    Finance Minister Kiichi Miyazawa told parliament on Friday
+the current dollar/yen exchange rate is not necessarily
+satisfactory for the Japanese economy.
+    Asked what factors might destabilize the markets, the
+official cited a lessening of market fear about intervention, a
+completely unexpected change in the economy of Japan, the U.S.
+Or West Germany, or resumption of comments by government
+officials seeking to talk the dollar up or down.
+    The senior bank official said he expects Japan's gross
+national product (GNP) to grow three pct or slightly more in
+the fiscal year beginning in April. That would be little
+changed from the performance expected this year.
+    Domestic demand may grow nearly four pct in 1987/88, but
+the external sector will have a negative impact on GNP of
+nearly one percentage point, he said.
+    He said there was virtually no room for further monetary
+policy action to boost the economy. The economy's performance
+in the future very much depends on fiscal policy, he added.
+    The central bank's monetary policy has already done its
+part in stimulating the economy, the senior bank official said.
+The Bank of Japan has cut its discount rate five times over the
+last year and a half.
+    Although the central bank does not see any imminent risk of
+inflation, there could be some problems in the future, he said.
+"We are sitting on a barrel of powder, but fortunately it may
+still be wet," he added.
+    Liquidity among private households and especially the
+corporate sector has increased substantially, he said.
+    The liquidity is the reason for the recent boom of stock
+exchange prices, the bank official said. This inflow of funds
+into the stock exchange, occurring also in other countries, may
+continue, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10185" NEWID="5272">
+<DATE>16-MAR-1987 07:21:50.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1604&#31;reute
+u f BC-BANK-OF-CHINA-TAKES-S   03-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF CHINA TAKES STAKE IN BAII HOLDINGS</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Bank of China has taken a stake in
+Luxembourg-based finance company BAII Holdings SA, a spokesman
+for BAII said.
+    The stake was between three and five pct but no further
+details of the deal, which was announced simultaneously in
+Paris, London and Hong Kong, were immediately available.
+    BAII, which is 50 pct Arab owned, is looking to expand its
+activities in the Far East and recently established a
+wholly-owned merchant banking subsidiary in Hong Kong, the
+spokesman said.
+    The group had earnings of 15.4 mln dlrs in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10186" NEWID="5273">
+<DATE>16-MAR-1987 07:22:23.16</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>hisham-nazer</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1605&#31;reute
+u f BC-SAUDI-OIL-MINISTER-SE   03-16 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI OIL MINISTER SEES NO NEED TO ALTER PACT</TITLE>
+<AUTHOR>    By Philip Shehadi, Reuters</AUTHOR>
+<DATELINE>    RIYADH, March 16 - </DATELINE><BODY>Saudi Arabian Oil Minister Hisham Nazer
+said OPEC's December agreement to stabilize oil prices at 18
+dlrs a barrel was being implemented satisfactorily and there
+was no immediate need to change it.
+    Nazer, in an interview with Reuters and the television news
+agency Visnews, said Saudi Arabia was producing around three
+mln barrels per day (bpd) of crude oil, well below its OPEC
+quota.
+    Saudi Arabia, the world's largest oil exporter, will
+continue to restrain production as long as other OPEC members
+adhere to the pact, Nazer said.
+    The 13-nation OPEC agreed in December to cut its production
+ceiling by 7.25 pct to 15.8 mln bpd and abide by fixed prices
+averaging 18 dlrs a barrel from February 1.
+    Nazer, in his first interview since succeeding Ahmed Zaki
+Yamani last October, said: "I do not foresee any need for new
+measures before the 25th of June when our (next OPEC) meeting
+will take place as scheduled."
+    Nazer said OPEC was producing below 15.8 mln bpd and all
+members were abiding by its agreements.
+    "We've heard news every now and then of violations but they
+were not at all verified," he said.
+    OPEC production curbs have boosted world oil prices from a
+13-year low of around eight dlrs a barrel last August to near
+18 dlrs after announcement of the December pact.
+    Spot market prices slipped some two dlrs in February but
+have firmed in the past two weeks to near OPEC levels as
+traders gained confidence in OPEC price and output discipline.
+    Nazer said Saudi Arabia would continue to produce below its
+4.133 mln bpd quota if necessary to defend the 18 dlr price.
+    "As long as all the OPEC members adhere to the program as
+devised in December, Saudi Arabia will continue to adhere to
+the agreement," he said.
+    Current production of three mln bpd includes oil from the
+Neutral Zone shared with Kuwait, but not sales from floating
+storage, Nazer said.
+    King Fahd of Saudi Arabia, in an interview with Reuters and
+Visnews on March 11, said the kingdom wanted oil price
+stability and called on non-OPEC producers to avoid harmful
+competition with OPEC.
+    "Saudi Arabia doesn't decide prices by itself but certainly
+desires price stability," he said.
+    Nazer said the output level did not mean the kingdom had
+returned to a role of "swing producer" within OPEC.
+    Saudi Arabia allowed its output to sink as low as two mln
+bpd in August 1985 to compensate for slack demand and
+over-production by some OPEC states.
+    "Saudi Arabia is not playing that role. It is being played
+by OPEC membership as a whole because the reduction in the 15.8
+mln bpd share of OPEC in the market is being shared by other
+members of OPEC," Nazer said.
+    Nazer said OPEC estimated demand for its oil during third
+quarter this year would be around 16.6 mln bpd.
+    But he said if circumstances changed "I am sure then the
+OPEC members will consult with each other and take the
+necessary measures."
+    Oil analysts say the OPEC pact could come under strain when
+demand for petroleum products generally falls in the northern
+hemisphere spring and summer.
+    Nazer said he was satisfied with the extent of cooperation
+from non-OPEC producers. Norway, Egypt and the Soviet Union
+agreed to help OPEC by restraining production or exports after
+he visited them on OPEC's behalf earlier this year.
+    "We did not ask any country to do anything. These were
+programmes they thought were necessary to stabilise market
+conditions and to help themselves attain better pricing
+conditions," Nazer said.
+    He said it was up to countries that declined to cooperate
+-- such as Britain -- to come up with their own proposals if
+they saw fit.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10187" NEWID="5274">
+<DATE>16-MAR-1987 07:25:30.48</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1615&#31;reute
+r f BC-TURKISH-TRADE-DEFICIT   03-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH TRADE DEFICIT WIDENS IN 1986</TITLE>
+<DATELINE>    ANKARA, March 16 - </DATELINE><BODY>Turkey's trade deficit rose to 3.65
+billion dlrs in 1986 from 3.39 billion in 1985 following
+increased imports from Western countries, figures from the
+State Statistics Institute show.
+    Exports were down 6.3 pct at 7.45 billion dlrs, compared
+with 7.95 billion in 1985, while imports were down 2.1 pct at
+11.10 billion dlrs from 11.34 billion.
+    Total trade with Mid-East Gulf states fell some 40 pct due
+to lower oil prices, with imports at 1.55 billion dlrs,
+compared with 2.74 billion, and exports at 1.65 billion after
+2.72 billion.
+    Exports to Organisation for Economic Cooperation and
+Development countries rose to 4.29 billion dlrs from 4.11
+billion in 1985, while imports were 4.56 billion after 3.55
+billion.
+    Turkey's trade deficit in December narrowed to 216 mln dlrs
+from 340 mln in November, and compared with 277 mln in December
+1985.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10188" NEWID="5275">
+<DATE>16-MAR-1987 07:27:31.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1620&#31;reute
+u f AM-EXPLOSION   03-16 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>45 KILLED, 185 HURT IN CHINESE FACTORY BLAST</TITLE>
+<DATELINE>    PEKING, March 16 - </DATELINE><BODY>A huge explosion in a flax factory in
+the northeast China city of Harbin killed 45 workers and
+injured 185, the official China Legal News reported.
+    The newspaper said the explosion in the early hours of
+yesterday destroyed four buildings at the plant.
+    More than 470 workers were in the factory at the time of
+the explosion. Doctors specializing in burns were rushed to
+Harbin to help treat the injured.
+    The paper said the cause of the blast was still being
+investigated.
+    It gave no further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10189" NEWID="5276">
+<DATE>16-MAR-1987 07:30:05.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1623&#31;reute
+u f BC-ALUSUISSE-SHARES-FALL   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALUSUISSE SHARES FALL AFTER CAPITAL CUT NEWS</TITLE>
+<DATELINE>    ZURICH, March 16 - </DATELINE><BODY>Bearer shares of Schweizerische
+Aluminium AG &lt;ALUZ.Z> (Alusuisse) fell sharply as trading
+resumed after a one-day suspension on Friday, when the firm
+disclosed plans for a capital cut.
+    The bearers, held mainly by foreign investors, dropped 30
+Swiss francs to 460. But volume was not particularly heavy.
+Registered shares were less affected, slipping five to 165. The
+participation certificates fell to 43 francs from 45.50.
+    Alusuisse made a net loss of 688 mln francs, after a
+restated 756 mln loss in 1985, and set a 50 pct capital cut.
+The company said it could break even this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10190" NEWID="5277">
+<DATE>16-MAR-1987 07:30:14.20</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1624&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-16 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 30 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The Bank of England said it provided the
+money market with a further 30 mln stg assistance.
+    This brings the Bank's total help so far today to 120 mln
+stg and compares with its upward revised estimate that the
+system would face a shortage of some 1.15 billon stg.
+    The central bank bought bills for resale to the market in
+equal amounts on April 1, 2 and 3 at an interest rate of
+10-7/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10191" NEWID="5278">
+<DATE>16-MAR-1987 07:30:30.75</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>egypt</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1626&#31;reute
+d f BC-EGYPT,-SOVIET-UNION-T   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT, SOVIETS TO RENEGOTIATE ARMS DEBT TERMS</TITLE>
+<DATELINE>    CAIRO, March 16 - </DATELINE><BODY>Egypt and the Soviet Union are expected
+to sign an agreement in Moscow next week settling Cairo's three
+billion dlr military debt, Egyptian officials said.
+    One official, who asked to remain anonymous, told Reuters a
+draft agreement would reduce to zero from two pct future
+interest payable on the 10 year-old debt, and set a 25 year
+repayment term.
+    Talks are due to begin in Moscow on Wednesday.
+    Economy Minister Youssri Mustapha, who leaves for Moscow on
+Tuesday, met President Hosni Mubarak and Egyptian ambassador to
+Moscow Salah Bassiouni to discuss the issue.
+    One official said Egypt would propose a new exchange rate
+for trade with the Soviet Union. Current commerce is based on a
+rate set in the 1960s of 0.38 Egyptian pounds to the dollar
+which Moscow sees as unreasonable. The fluctuating official
+rate is about 1.36 pounds to the dollar.
+    The officials said part of the debt would be paid in
+exports of goods such as textiles, leather and furniture.
+    Egypt wants to settle the debt problem partly to open the
+door for new cooperation, mainly in modernising Soviet-built
+steel, aluminium and fertiliser plants under a five-year
+development plan ending June 30 1992.
+    Egypt, which already imports Soviet coal, wood, newsprint
+and glass, also wanted a debt deal to allow purchases of
+currently blocked spare parts for its ageing Soviet military
+hardware, the officials said.
+    An estimated 65 pct of Egypt's arsenal is still made up of
+Soviet-supplied equipment, one official said.
+    Cairo stopped repaying Moscow for arms purchases in 1977
+when then-president Anwar Sadat broke with its long-standing
+ally and turned to the U.S..
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10192" NEWID="5279">
+<DATE>16-MAR-1987 07:31:20.58</DATE>
+<TOPICS><D>money-fx</D><D>reserves</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1629&#31;reute
+r f BC-PERU-BEGINS-FOREIGN-E   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU BEGINS FOREIGN EXCHANGE RATIONING</TITLE>
+<DATELINE>    LIMA, March 16 - </DATELINE><BODY>Peru will put into effect today a foreign
+exchange rationing system for imports designed to stop a slide
+in the country's international reserves, a government decree in
+the Official Gazette said.
+    Under the system, importers will be required to present a
+bill from the foreign seller of goods and apply for a license
+for foreign exchange. The central bank will have 10 days to
+decide whether to issue the required foreign exchange.
+    Net international reserves now total about 800 mln dlrs
+compared to 1.54 billion dlrs a year ago.
+    The system will be effective until the end of 1988.
+    A ceiling for foreign exchange availability will be set by
+a council with members from the central bank, the economy
+ministry and the planning and foreign trade institutes. The
+central bank will issue licenses to procure foreign exchange in
+accordance with guidelines set by the council.
+    Peru's reserves fell sharply due to a drop in the trade
+surplus to about five mln dlrs in 1986 from 1.1 billion in
+1985, according to preliminary central bank estimates.
+   Total exports dropped to 2.50 billion dlrs last year against
+2.97 billion in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10193" NEWID="5280">
+<DATE>16-MAR-1987 07:32:09.00</DATE>
+<TOPICS><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1632&#31;reute
+r f BC-TAIWAN-SAYS-U.S.-WANT   03-16 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN SAYS U.S. WANTS TAIWAN DOLLAR TO APPRECIATE</TITLE>
+<DATELINE>    TAIPEI, March 16 - </DATELINE><BODY>The United States wants Taiwan's
+currency to appreciate faster to reduce Taiwan's trade surplus
+with the U.S., A senior trade official said.
+    Board of Foreign Trade director Vincent Siew told reporters
+on Saturday U.S. Officials told him in Washington last week
+that unless Taiwan allowed its dollar to rise faster it would
+face retaliation.
+    Siew returned from Washington on Friday after the U.S
+responded to Taiwan's request to increase its textile export
+quotas by promising further talks in May. Taiwan's surplus with
+the U.S. Hit a record 13.6 billion U.S. Dlrs in 1986.
+    Washington signed a three-year accord with Taipei last year
+limiting textile export growth to 0.5 pct a year.
+    Siew said the Taiwan dollar had risen by about 15 pct
+against the U.S. Dollar since September 1985.
+    It surged last week amid indications Washington was seeking
+a major rise in its value. It rose four cents against the U.S.
+Dollar on Saturday to close at 34.59.
+    Western trade sources told Reuters Taiwan and the U.S. Have
+been holding talks on the currency issue but added it is not
+clear how far Washington wants to see the Taiwan dollar rise.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10194" NEWID="5281">
+<DATE>16-MAR-1987 07:37:35.74</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>brazil</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1653&#31;reute
+u f BC-SAUDIS-DROP-CONDITION   03-16 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDIS DROP CONDITION FOR OIL SALE TO BRAZIL</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 16 - </DATELINE><BODY>Saudi Arabia has dropped its
+condition that Brazil secure international bank guarantees
+before Saudia Arabia would ship it oil, state-oil company
+Petrobras said in a statement.
+    Petrobras said the Saudis will accept Banco do Brasil
+credit guarantees.
+    Petrobras cancelled a 40 mln dlr crude oil purchase from
+the Saudis yesterday after they refused to accept a letter of
+credit from the official Bank of Brazil. The Saudis had
+demanded that Brazil get credit guarantees from leading
+international banks.
+    Petrobras said the Saudis had been advised that if they did
+not change their mind by Monday, Petrobras would negotiate the
+purchase of oil with other producers.
+    The Petrobras statement said the shipment of 2.2 mln
+barrels will be made by the Saudis on March 24 as scheduled.
+    The shipment was part of a contract signed in February for
+the Saudis to supply Brazil with 125,000 barrels per day until
+June.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10195" NEWID="5282">
+<DATE>16-MAR-1987 07:47:38.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1671&#31;reute
+b f BC-PHILIPS-DUPONT-UNIT-A   03-16 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPS DUPONT UNIT ARRANGES 145 MLN DLR CREDIT</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Philips DuPont Optical Co is arranging a
+145 mln dlr, three-year transferable loan facility, Chemical
+Bank International Ltd said as agent.
+    The financing involves a 70 mln dlr loan which is available
+for drawing in the six months after signing and a 75 mln dlr
+revolving credit, which is available for the life of the
+credit.
+    Drawings under both tranches will be at 17.5 basis points
+over the London Interbank Offered Rate. There will be a
+utilisation fee of five basis points on the revolving credit if
+more than 50 pct is used and a commitment fee of 7.5 basis
+points.
+    Borrowings will be available in currencies other than
+dollars and banks have been invited to join as lead managers at
+15 mln dlrs for 7.5 basis points and as managers at 7.5 mln
+dlrs for five basis points.
+    The borrower is an optical disk joint venture between
+Philips Gloeilampenfabrieken NV and E.I. Du Pont de Nemours and
+Co.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10196" NEWID="5283">
+<DATE>16-MAR-1987 07:54:56.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1683&#31;reute
+u f BC-BSI-RAISING-50-MLN-SW   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BSI RAISING 50 MLN SWISS FRANCS VIA RIGHTS ISSUE</TITLE>
+<DATELINE>    ZURICH, March 16 - </DATELINE><BODY>Banca della Svizzera Italiana &lt;BISZ.Z>
+said it planned a one-for-12 rights issue at 300 pct of nominal
+value to raise about 50 mln francs new capital.
+    The rights issue would have a theoretical value to
+shareholders of 140 Swiss francs per bearer share and 45 per
+registered share.
+    BSI was also seeking shareholder authorization for 200,000
+new participation certificates of a nominal value of 100 francs
+without rights for shareholders, to back future convertible or
+warrant bonds or for other purposes. Existing 500-franc "B"
+tranche certificates would be split five-for-one.
+    The split would improve the marketability of the existing
+certificates, chief executive Giorgio Ghiringhelli told a news
+conference.
+    The new bearer shares would be priced at 1,500 francs,
+compared with a closing price last Friday of 3,325 on the
+Zurich Stock Exchange, while the registered shares would be
+issued at 300 francs against a market price of 900.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10197" NEWID="5284">
+<DATE>16-MAR-1987 08:04:26.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1704&#31;reute
+f f BC-******PEPSICO-OFFERS   03-16 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PEPSICO OFFERS TO ACQUIRE CALNY INC FOR 11.50 DLRS A SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10198" NEWID="5285">
+<DATE>16-MAR-1987 08:08:22.08</DATE>
+<TOPICS><D>trade</D><D>veg-oil</D></TOPICS>
+<PLACES><D>belgium</D><D>uk</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T G
+&#22;&#22;&#1;f1730&#31;reute
+u f BC-U.K.-AND-GERMANY-LEAD   03-16 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. AND GERMANY LEAD ATTACK ON EC FARM REFORMS</TITLE>
+<AUTHOR>    By Paul Mylrea, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, March 16 - </DATELINE><BODY>Britain and West Germany told their
+European Community partners they would strongly oppose major
+elements of proposals to rid the EC of its farm surpluses.
+    At a meeting of EC foreign ministers, Britain called for a
+full debate on a proposed tax on edible oils and fats that has
+already angered EC consumer groups and unleashed Washington-led
+protests from exporters to the EC, diplomats said.
+    West Germany, also opposed to the oils and fats tax, will
+advise the meeting formally later today it cannot countenance
+other proposals that could hit German farmers, they added.
+    They said West Germany's objections were put in a letter
+this weekend from Chancellor Helmut Kohl to Jacques Delors, the
+president of the EC's Executive Commission which had put
+forward the proposals last month in a bid to avoid a new EC
+cash crisis.
+    Kohl reiterated German objections to proposed cereals
+production curbs but reserved his harshest criticism for a
+proposed dismantling of Monetary Compensatory Amounts (MCAs) -
+a system of cross-border subsidies and taxes which level out
+foreign exchange fluctuations for farm exports.
+    Kohl made clear the dismantling would mainly hit German
+farmers who, without MCAs, would find it much more difficult to
+export to weaker currency states, which means virtually all
+other 11 EC states, diplomats said.
+    Britain initiated the discussion on the proposal to impose
+a hefty tax on domestic and imported oils and fats because it
+could seriously damage EC trade relations.
+    The diplomats said the United States had been the most
+outspoken among foreign critics of the proposal, describing it
+as a breach of the EC's obligations under the world trade body
+GATT.
+    But protests had also come from other exporters to the EC,
+such as Senegal, Malaysia, Indonesia, Brazil, Argentina,
+Iceland and Norway, they added.
+    Britain has often lined up against West Germany on the farm
+reform issue in the past but is keen to avoid measures that
+could spark a damaging trade war with the U.S.
+    Foreign ministers were unlikely to take a decision on
+either the oils and fats tax or the MCA proposals today,
+diplomats said. But their discussion should make clear that
+neither has a chance of surviving when it comes up for
+substantive consideration by EC farm ministers later this
+month, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10199" NEWID="5286">
+<DATE>16-MAR-1987 08:08:55.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1734&#31;reute
+r f BC-HARPER-AND-ROW-&lt;HPR>   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARPER AND ROW &lt;HPR> TO MULL OPTIONS AFTER BIDS</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Harper and Row Publishers Inc said its
+board of directors decided to take no action on two takeover
+bids that the company has received. Instead, it appointed a
+committee of independent directors to study strategic
+alternatives for the 170-year-old firm.
+    The alternatives include continuation of the company's
+existing business plans, possible business combinations, sales
+of stock, restructuring and the sale of all or part of the
+company.
+    Kidder Peabody and Co Inc has been retained to advise on
+the alternatives, Harper and Row added.
+    Private investor Theodore Cross last week offered 34 dlrs a
+share for Harper and Row, prompting a rival bid of 50 dlrs a
+share from another publishing firm, Harcourt Brace Jovanovich
+Inc &lt;HBJ>.
+    After carefully considering the two offers at a meeting on
+Friday, the Harpers and Row board decided not to act on them.
+    The directors unanimously expressed their strong desire to
+preserve the company's independence and take advantage of its
+"considerable future prospects," according to director Winthrop
+Knowlton, former chief executive and now chairman of the newly
+established independent committee.
+    "However, given the significant current interest in the
+company, we also feel that we should carefully review all the
+options available. The committee will consider all the
+pertinent facts and alternatives... We intend to make a careful
+and informed decision but will proceed expeditiously to a
+conclusion," Knowlton said.
+    Pending its deliberations, Harper and Row's board has
+postponed indefinitely a special meeting of stockholders that
+had been scheduled for April 2 to discuss a proposal to
+recapitalize the company's stock in order to create two classes
+of shares with different votinmg rights.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10200" NEWID="5287">
+<DATE>16-MAR-1987 08:10:07.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1743&#31;reute
+r f BC-S&amp;L-ACQUISITION-RAISE   03-16 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAILING WASHINGTON STATE S/L IS ACQUIRED</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The Federal Home Loan Bank Board
+(FHLBB) announced the acquisition of Home Savings and Loan
+Association in Seattle, Washington, by InterWest Savings Bank
+of Oak Harbour, Washington.
+    The FHLBB said Home Savings was the 12th troubled savings
+institution requiring federal action this year.
+    It said Home Savings had assets of 150.6 mln dlrs in assets
+and InterWest had assets of 342.9 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10201" NEWID="5288">
+<DATE>16-MAR-1987 08:10:46.87</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1748&#31;reute
+r f BC-BALDRIGE-WARNS-OF-WOR   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE WARNS OF WORLD TRADE WAR DANGER</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>U.S. Commerce Secretary Malcolm
+Baldrige predicted Congress will pass a reasonable trade bill
+this year and said tough protectionist legislation could prompt
+a trade war.
+    "The mood of the Congress right now is as tough on trade as
+I've ever seen it in six years in Washington," Baldrige said in
+a weekend television interview.
+    "I think we'll still be able to get a reasonable trade bill
+out in spite of that because the whole Congress is trying to
+work together with the administration, but there is a hardening
+trade attitude," he said.
+    President Reagan opposes protectionist legislation but
+agreed to support a trade bill when it became apparent that
+opposition Democrats would pass such legislation.
+    However, Baldrige warned measures that would penalize
+trading partners such as Japan, South Korea and Taiwan for
+failing to cut their trade surpluses with the U.S. could lead
+to retaliation and he said he would urge Reagan to veto any
+such bill.
+    When asked if there is a rising danger of a worldwide trade
+war, Baldrige said: "Yes, I don't think there's any question
+about that."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10202" NEWID="5289">
+<DATE>16-MAR-1987 08:13:01.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1752&#31;reute
+r f BC-17-KILLED-AFTER-SOVIE   03-16 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>17 KILLED AFTER SOVIET DAM COLLAPSES</TITLE>
+<DATELINE>    MOSCOW, March 16 - </DATELINE><BODY>Seventeen people were killed and 22 are
+missing after a dam collapsed following heavy rains in Soviet
+Tadzhikistan, the official news agency Tass said.
+    Water broke through the dam in the Kulyab region of the
+Central Asian republic, and fell on the village of Sargazan,
+sweeping away 53 houses, destroying bridges and damaging
+railway lines, Tass said.
+    The Central Committee of the Tadzkhikistan Communist Party
+had sent condolences to the relatives of the dead, Tass said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10203" NEWID="5290">
+<DATE>16-MAR-1987 08:13:35.06</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1755&#31;reute
+u f BC-LEADING-INDUSTRIAL-NA   03-16 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEADING INDUSTRIAL NATIONS TO MEET IN APRIL</TITLE>
+<AUTHOR>    By Peter Torday</AUTHOR>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Leading industrial nations will meet
+again next month to review their accord on currency stability,
+but U.S. Officials said financial markets are convinced for now
+the countries will live up to commitments to speed up economic
+growth.
+    The narrow currency movements of recent weeks strongly
+suggests the six leading industrial countries have tamed the
+normally unruly financial markets and next month's talks seem
+likely to build on that stability.
+    A Reagan administration official said the Paris agreement
+last month was the main reason markets were calm.
+    But he said in an interview that financial markets also
+understood, "That all six countries concluded that the measures
+to be taken over a period of time in the future should foster
+stability of exchange rates around current levels. That is in
+fact what has happened since Paris."
+    Monetary analysts said stability has been helped in part by
+the decision of industrial nations to bury the hatchet and
+cease to quarrel over short-term policy objectives.
+    Instead they have focused on medium-term policy goals, but
+left room to adjust their agreements with periodic meetings.
+    The official refused to comment, however, on whether the
+agreement included a secret pact to consider further
+coordinated interest rate cuts -- a measure industrial nations
+have taken jointly several times in the past year.
+    On February 22, the United States, Japan, West Germany,
+France, Britain and Canada agreed that major currencies were
+within ranges broadly reflecting underlying economic
+conditions, given commitments by Washington to cut its budget
+deficit and by Toyko and Bonn to boost economic growth.
+    The shake-up would strengthen the U.S. Position in future
+international talks.
+    "I think these changes will strengthen the President's hand
+politically and the stronger he is politically the better off
+we are with the Congress and the better off we are in
+international fora," said the official, an Administration
+economic policymaker. "So it would be beneficial to the
+continued conduct of our initiatives."
+    But the official also said the Administration would resist
+calls for a tax increase to cut the budget deficit -- a target
+Europeans say is crucial to help curb economic instability.
+    Currency analysts believe the Paris agreement set secret 
+short-term target ranges for their currencies with a specific
+agreement to defend those bands with intervention.
+    According to market sources, the ranges agreed were 1.60 to
+1.90 marks to the dollar, and 140 to 155 yen to the dollar.
+    There is no official confirmation that specific bands  were
+set, although the agreement used the term "ranges", for the first
+time in an international economic agreement.
+    The Paris accord stated the six would cooperate closely to
+foster currency stability around current levels.
+    Last week, dealers said the Federal Reserve intervened to
+stop the dollar rising against the mark, which had breached
+1.86 to the dollar. British authorities are also understood to
+have intervened to curb sterling's strength.
+    International monetary sources say finance ministers and
+central bankers, who will review market performance and their
+own economic prospects, will reassemble again in Washington
+just before the April 9 policymaking meeting of the
+International Monetary Fund.
+    The sources said Italy, which refused to join the Paris
+pact, was invited back by Treasury Secretary James Baker.
+    Since Paris, there are signs West German growth is slowing,
+while U.S. Officials said they were giving Japan until April to
+show that an economic stimulus package was in the offing.
+    Signs of concern about German prospects emerged recently
+when Bundesbank (central bank) president Karl Otto Poehl told
+bankers he would consider cutting West German interest rates if
+the Fed was ready to follow suit.
+    A Reagan Administration official said this would show there
+had been some change in approach on the part of the central
+bank in Germany.
+    But he declined to comment on the prospects for action by
+the Fed and the Bundesbank.
+    "If there is such a provision it is private and if I talked
+about it, it would no longer be private," said the official, who
+asked not to be identified.
+    Public comments by Fed officials suggest the central bank
+is keeping credit conditions broadly unchanged, but if the
+major economies continue to show sluggish growth and the U.S.
+Trade deficit remains stubbornly high, further coordinated
+action could be on the April agenda.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10204" NEWID="5291">
+<DATE>16-MAR-1987 08:17:33.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1773&#31;reute
+u f BC-CALNY-&lt;CLNY>-GETS-BID   03-16 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALNY &lt;CLNY> GETS BID FROM PEPSICO &lt;PEP></TITLE>
+<DATELINE>    SAN MATEO, Calif., March 16 - </DATELINE><BODY>Calny Inc said it has
+received an offer to be acquired by PepsiCo Inc, which already
+owns 9.9 pct of Calny stock, for 11.50 dlrs per share, subject
+to approval by PepsiCo and Calny boards and Calny shareholders.
+    The company said its board intendsd to schedule a meeting
+in the near future to review the proposal and it has asked
+&lt;Oppenheimer and Co Inc> to assist it in evaluating the offer
+and advise Calny on its alternatives.
+    Calny is the largest franchisee of PepsiCo's Taco Bell
+restaurants, operating 143 in California, Oregon, Texas and
+Washington as well as 15 La Petite Boulangerie bakeries in
+Seattle.
+    Calny earned 1,192,000 dlrs on sales of 56.2 mln dlrs for
+the nine months ended November Four.
+    On December Four, Calny rejected as inadequate an investor
+group led by former president and chairman Robert A. Larive's
+second offer to acquire it because the bid was inadeuqate and
+subject to too many contingencies.  The group offered 11.50
+dlrs and one dlr of 10 pct preferred stock per Calny share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10205" NEWID="5292">
+<DATE>16-MAR-1987 08:24:09.04</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D><D>ship</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1787&#31;reute
+r f BC-INDONESIA-PLANS-TO-BU   03-16 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA PLANS TO BUILD PALM OIL TERMINAL</TITLE>
+<DATELINE>    JAKARTA, March 16 - </DATELINE><BODY>Indonesia will build a crude palm oil
+terminal at a new port on Batam island, south of Singapore,
+Research and Technology Minister Yusuf Habibie said.
+    The terminal will be able to handle 2.1 mln tonnes of crude
+palm oil from new plantations in northern Sumatra and western
+Kalimantan (Borneo), he said.
+    A tender for engineering work on the Asia Port project will
+be offered mid-year. Habibie did not say when the terminal was
+expected to be operational.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10206" NEWID="5293">
+<DATE>16-MAR-1987 08:25:18.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1789&#31;reute
+r f BC-WARBURG-PINCUS-STARTS   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARBURG PINCUS STARTS SYMBION &lt;SYMB> BID</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>&lt;Warburg, Pincus Capital Corp> said it
+has started a tender offer for up to 2,500,000 common shares of
+Symbion Inc at 3.50 dlrs each.
+    In a newspaper advertisement, The firm said the opffer is
+not conditioned on receipt of any minimum number of shares but
+is conditioned on holders of nor more than 400,000 Symbion
+sharesseeking to receive the fair value of their shares under
+provisions of the Utah Business Corporation Act.  Warburg said
+receipt of 2,500,000 shares would raise its interest in Symbion
+to about 59.3 pct from 25.8 pct currently and give it control.
+    Warburg said it reserves the right to buy more than
+2,500,000 shares if the offer is oversubscribed but has no
+present intention of doing so.  It said it has asked Symbion to
+provide its shareholder list to help in disseminating the
+offer.
+    The firm said the offer, proration period and withdrawal
+rights expire April 22 unless extended.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10207" NEWID="5294">
+<DATE>16-MAR-1987 08:28:01.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>usa</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1796&#31;reute
+r f BC-PHILIPPINES'-ONGPIN-O   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES' ONGPIN OPTIMISTIC ON DEBT TALKS</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Philippines finance minister Jaime
+Ongpin said he was cautiously optimistic an accord on debt
+rescheduling would be reached with commercial bank creditors,
+as he prepared for the third week of talks starting Monday.
+    "One can never be too optimistic, but I'm cautiously
+optimistic that we can get an agreement....We think we're close
+to a deal," Ongpin told Reuters by telephone.
+    He said he had received a new proposal from the banks late
+Friday and had spent the weekend evaluating it with other
+members of the Philippine delegation.
+    Ongpin declined to disclose details of the banks' new offer
+and bankers also declined to be specific ahead of their next
+meeting with Ongpin on Monday. But one senior banker said he
+too was guardedly optimistic a deal could be struck, possibly
+by the end of the week.
+    Still at the heart of the talks is Ongpin's offer to pay
+part of the country's interest bill in Philippine Investment
+Notes, PINs, instead of cash. The bank creditors' advisory
+committee led by Manufacturers Hanover Trust Co rejected the
+concept as it was originally drafted, but the counter-proposal
+made on Friday contains a revised version, bankers said.
+    Manila, seeking to reschedule 9.4 billion dlrs of its total
+debt of 27.2 billion, wants to pay the London Interbank Offered
+Rate (LIBOR) in cash and a margin above LIBOR in PINs.
+    These dollar-denominated notes would be sold by banks at a
+discount to multi-national firms which would then convert them
+at face value with the central bank, thus receiving subsidized
+pesos for use in funding government-approved investments.
+    Effectively foreign companies would be paying the interest
+margin above LIBOR. The Philippines would conserve foreign
+exchange and enjoy investment inflows, reducing marginally the
+need to seek new bank loans.
+    But the banks rejected the PINs proposal in its original
+form, fearing regulatory and accounting problems.
+    They were also reluctant to veer from the principle that
+interest should be paid in cash not paper, fearing that other
+debtor nations would emulate the idea, bankers said.
+    Ongpin sweetened his original offer by guaranteeing that
+his government would redeem the notes at 7/8 pct over LIBOR if
+there was no buyer in the secondary market.
+    Last week the banks came under pressure to accept this,
+when senior U.S. Officials endorsed it as fully consistent with
+Treasury Secretary James Baker's debt strategy.
+    But banking sources said that the margin over LIBOR was
+still a sticking point.
+    After Venezuela clinched a revised rescheduling agreement
+last month at 7/8 pct over LIBOR, some New York bankers
+imediately claimed that 7/8 pct should be seen as a new
+benchmark for a debtor that needs no new loans, is current on
+interest and is repaying some principal.
+    The Philippines meets the first two criteria but not the
+third.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10208" NEWID="5295">
+<DATE>16-MAR-1987 08:39:55.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1840&#31;reute
+r f BC-ZIM-ENERGY-&lt;ZIMR>-TO   03-16 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIM ENERGY &lt;ZIMR> TO SELL SHARES PRIVATELY</TITLE>
+<DATELINE>    HOUSTON, March 16 - </DATELINE><BODY>ZIM Energy Corp said it has entered
+into an agreement for a group consisting of &lt;Strategy and
+Development Inc>, &lt;Norsk Vikingolje A/S> of Oslo and MIS Gas
+Corp -- which already owns one third of ZIM -- to buy 15 to 20
+mln new common shares at 20 cts each in association with &lt;Polo
+Energy Corp> and &lt;Jaguar Petroleum Corp>.
+    The company said the investor group also bought about 6.3
+mln shares from ZIM management. It said James Mitchell, William
+Richardson and Steven Duin have resigned as officers and
+directors.
+    ZIM said Chemclear Inc &lt;CMCL> has unilaterally canceled an
+agreement to merge with ZIM, and ZIM's board is studying the
+possiblity of a claim against Chemclear.
+    The company said it expects to report a loss for the year
+of about 3,125,000 dlrs due to lower oil and natural gas
+prices, unsuccessful well workover programs and excessive
+overhead and corporate expenses. It said it plans a dramatic
+reduction in overhead costs that should improve results.
+    The company said Michel Billard has been named chairman and
+Robert Berckmans has been named president and chief executive,
+and Berckmans and two others have joined the board.
+    ZIM said it has agreed to acquire the remaining interest in
+its Buccaneer and Blue Dolphin Pipeline affiliates for about
+one mln dlrs in cash and stock.  It gave no further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10209" NEWID="5296">
+<DATE>16-MAR-1987 08:40:16.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1842&#31;reute
+r f BC-BLUEFIELD-SUPPLY-&lt;BFL   03-16 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLUEFIELD SUPPLY &lt;BFLD> IN LIQUIDATING PAYOUT</TITLE>
+<DATELINE>    BLUEFIELD, W. Va., March 16 - </DATELINE><BODY>Bluefield Supply Co said its
+board declared its second liquidating dividend of 1.71 dlrs per
+share, payable March 16 to shareholders of record March 13.
+    The company paid an initial liquidating dividend of 15.75
+dlrs per share on January Eight.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10210" NEWID="5297">
+<DATE>16-MAR-1987 08:40:34.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1843&#31;reute
+u f BC-BERGEN-BRUNSWIG-CORP   03-16 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERGEN BRUNSWIG CORP &lt;BBCA> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    ORANGE, Calif., March 16 -
+    </DATELINE><BODY>Shr 33 cts vs 48 cts
+    Shr diluted 33 cts vs 44 cts
+    Net 4,435,000 vs 6,410,000
+    Revs 839.3 mln vs 751.8 mln
+    1st half
+    Shr 55 cts vs 94 cts
+    Shr diluted 55 cts vs 88 cts
+    Net 7,374,000 vs 12.6 mln
+    Revs 1.68 billion vs 1.51 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10211" NEWID="5298">
+<DATE>16-MAR-1987 08:44:08.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1852&#31;reute
+u f BC-TALKING-POINT/EASTERN   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/EASTERN AIRLINES &lt;TEX></TITLE>
+<AUTHOR>    By Matt Spetalnick, Reuters</AUTHOR>
+<DATELINE>    Miami, March 16 - </DATELINE><BODY>A rash of firings, fears of mass layoffs
+and management overtures for wage concessions have set the
+stage for all-out war between Eastern Airlines and its unions,
+analysts and labor leaders say.
+    The bitter labor-management dispute has hurt efforts to
+revive the ailing carrier and could ultimately lead Texas Air,
+Eastern's new owner, to tranfer scores of Eastern jets to its
+non-union sister airlines, analysts said.
+    "It's a trump card that Texas Air could resort to if things
+get bad enough -- repainting Eastern planes and shifting them
+over Continental Airlines," said Louis Marckesano, an analyst
+for Janney Montgomery Scott Inc of Philadelphia.
+    Eastern lost 130.8 mln dlrs in 1986, and analysts see
+little chance of the carrier returning to profitability this
+year.
+    Since the Miami-based carrier was taken over by Texas Air
+last year, the morale of Eastern's 38,000 employees has
+plummeted, workers and labor leaders say.
+    Some Eastern officials acknowledge privately that morale
+problems have contributed to high absenteeism and a decline in
+customer service, triggering a barrage of passenger complaints.
+    Union leaders are accusing Eastern's managers -- many of
+them newly installed by Texas Air chairman Frank Lorenzo -- of
+conducting a campaign of harassment and intimidation aimed at
+ridding the airline of high-paid, senior employees.
+    "It's an underhanded way of forcing experienced people out
+in an attempt to cut the company's labor costs," said Nancy
+Tauss, vice president of the Transport Workers Union Local 553.
+    Some flight attendants complain that they are being stalked
+by what they call "spyriders" -- teams of auditors they say
+have been hired by Lorenzo to fly on Eastern jets and secretly
+examine flight crew performance.
+    Since the beginning of the year, at least a dozen flight
+attendants have been fired as a result of such audits, some for
+having as little as two dlrs missing from liquor sales and
+movie headset rentals, Tauss said.
+    Eastern officials acknowledge that management is tightening
+its accounting procedures and cracking down on absenteeism,
+which the airline says cost 70 mln dlrs last year -- the 
+highest in the industry.
+    But Eastern spokeman Jim Ashlock denied that the Miami-base
+airline was using unfair labor tactics. "We're just trying to
+correct long-standing problems and that causes some
+dissatisfaction," he said.
+    U.S. Rep. Newt Gingrich, a Georgia Republican, has met with
+groups of dissident Eastern employees in Atlanta and is
+reported to have told them he may call for hearings on the
+airline's labor tactics.
+    Labor and management have a long history of bitter
+relations at Eastern Airlines.
+    But the conflict has escalated sharply since January 21,
+when Eastern president Philip Bakes called for a reduction of
+490 mln dlrs, or 29 pct, in annual labor costs, mostly through
+union concessions.
+    Eastern's three principal unions have rejected demands for
+wage cuts and have refused to open their contracts for
+renegotiation.
+    Union officials say that in retaliation for their
+resistance, the airline has launched a "firing frenzy" aimed at
+intimidating employees and squeezing concessions from labor.
+    During 1986 -- the year in which Texas Air managers assumed
+control of Eastern -- 123 flight attendants were fired.  That
+was nearly five times greater than 1985, the union said. In the
+first two months of this year 35 flight attendants losing their
+jobs, according to union records.
+    Other unions report similar losses.
+    Texas Air last month said it would switch six of Eastern's
+wide-body jets to Continental, its cut-rate sister airline.
+    Eastern has begun hiring other Texas Air carriers to repair
+its planes in several cities and plans to shut down some
+maintenance bases, according to a recent internal memo.
+    "Texas Air is not going to write checks to Eastern to
+underwrite an outmoded labor cost structure," Bakes told a
+meeting of Miami businessmen this month. He denied, however,
+that Lorenzo planned to strip Eastern of its assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10212" NEWID="5299">
+<DATE>16-MAR-1987 08:45:27.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1854&#31;reute
+d f BC-DIXONS-SELLS-8.3-MLN   03-16 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIXONS SELLS 8.3 MLN WOOLWORTH SHARES</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Dixons Group Plc &lt;DXNS.L> has sold 8.3
+mln shares in Woolworth Holdings Plc &lt;WLTH.L> through Salomon
+Brothers U.K. Equity Ltd, a statement from Salomon said.
+    The shares were placed with about 45 to 50 institutions in
+Europe and the Far East. Dixons retains one mln Woolworth
+shares, a Dixons spokesman added.
+    Industry sources said Dixons acquired the Woolworth shares
+in connection with its unsuccessful bid for the company last
+year.
+    Dixons paid an average price of 695p per share which
+compares with 819p today. Woolworth closed on Froday at 833p.
+    A Dixons spokesman said the decision to retain one mln
+shares reflected Woolworth's buoyant prospects.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10213" NEWID="5300">
+<DATE>16-MAR-1987 08:50:28.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1866&#31;reute
+r f BC-JOULE'-INC-&lt;JOUL>-SET   03-16 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOULE' INC &lt;JOUL> SETS STOCK SPLIT</TITLE>
+<DATELINE>    EDISON, N.J., March 16 - </DATELINE><BODY>Joule' Inc said its board declared
+a three-for-two stock split, payable April 30, record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10214" NEWID="5301">
+<DATE>16-MAR-1987 08:50:43.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1868&#31;reute
+r f BC-&lt;WIDCOM-INC>-CUTS-TEL   03-16 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WIDCOM INC> CUTS TELECONFERENCE SYSTEM PRICE</TITLE>
+<DATELINE>    LOS GATOS, Calif., March 16 - </DATELINE><BODY>Widcom Inc said effective
+immediately it has cut the U.S. price for its Video
+Teleconferencing System by 32 pct to 49,950 dlrs.
+    It said it will consider volume discounts on orders of more
+than 10 systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10215" NEWID="5302">
+<DATE>16-MAR-1987 08:51:21.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1869&#31;reute
+d f BC-TECHNOLOGY (SCHEDULED-FEATURE)  03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNOLOGY/DESKTOP PUBLISHING</TITLE>
+<AUTHOR>    by Catherine Arnst, Reuters</AUTHOR>
+<DATELINE>    BOSTON, March 16 - </DATELINE><BODY>This month's endorsement by
+International Business Machines Corp &lt;IBM> of two desktop
+publishing software products should add some much-needed
+standards to one of the fastest growing segments of the
+computer industry, analysts say.
+    Desktop publishing is a relatively new market but industry
+analysts estimate that sales will reach one billion dlrs this
+year and jump to six billion dlrs by 1990, fueled by the rush
+of corporations to bring their printing and publishing needs
+in-house rather than to more expensive outside printers.
+    Printing is a big expense for most companies. Analysts
+estimate U.S. corporations will spend about six to 20 pct of
+their total operating budgets on publishing expenses this year.
+    At a desktop publishing conference in Chicago earlier this
+month, IBM said it will adopt Adobe Systems Inc's Postscript
+typesetting language in future electronic printing products.
+IBM also said it will support Microsoft Corp's Windows
+operating environment as the graphics interface standard in
+future publishing announcements rather than its own Topview
+environment.
+    "IBM's announcement will give tremendous stimulation to the
+development of the desktop publishing market," said David
+Goodstein, president of the consulting firm Interconsult Inc.
+    "It gives users permission to go ahead and buy products that
+are already available without being afraid that they will not
+be compatible with whatever IBM does," he said.
+    The advent of personal computers, laser printers and
+graphics software has allowed users to design and print
+brochures, newsletters and a host of other communications at
+their desks for a fraction of the cost of an outside printing
+firm. Analysts credit Apple Computer with creating desktop
+publishing when it introduced its Macintosh personal computer
+four years ago, with its easy-to-use formats and excellent
+graphics capabilities.
+     Since then Digital Equipment Corp, Xerox Corp, Apollo
+Computer Inc and a number of other vendors have identified
+desktop publishing as a major growth area. IBM entered the
+market only last July when it formed its Publishing Systems
+Business Unit. IBM's embrace of the already-widely used
+Postscript, a language that interprets computer commands and
+translates them into instructions for the printer, was an
+acknowledgment of what is already a de facto standard.
+    Both users and makers of electronic publishing systems said
+the support of the world's largest computer maker was critical
+to the language's ultimate acceptance by users.
+    John Warnock, president of Palo Alto, Calif.-based Adobe,
+said, "Ten pct of corporations have (moved) into desktop
+publishing but 90 pct are still sitting back and waiting for an
+IBM announcement."
+    IBM entered a licensing pact with Adobe for Postscript, but
+its support of Windows was not quite so broad. IBM recognizes
+Windows as a standard but would not comment on the extent of
+its commitment to the software.
+    Windows, a program integrator, allows personal computer
+users to run a number of different applications simultaneously.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10216" NEWID="5303">
+<DATE>16-MAR-1987 08:57:33.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1887&#31;reute
+r f BC-&lt;WHIPPANY-PAPER-BOARD   03-16 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WHIPPANY PAPER BOARD CO INC> MERGER APPROVED</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Whippany Paper Board Co Inc said
+shareholders at a special meeting approved a merger into NPN
+Inc for 2.50 dlrs per share.
+    NPN acquired control of Whippany in a recent tender offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10217" NEWID="5304">
+<DATE>16-MAR-1987 08:57:53.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1888&#31;reute
+u f BC-NORTHERN-AIR-FREIGHT   03-16 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN AIR FREIGHT &lt;NAFI> GETS, REJECTS, BID</TITLE>
+<DATELINE>    LIMA, Pa., March 16 - </DATELINE><BODY>Privately-held &lt;Pilot Air Freight>
+said it met with officials of Northern Air Freight Inc to try
+to negotiate a friendly acquisition of Northern, but Northern's
+management had no interest in the proposal.
+    Northern has annual revenues of about 60 mln dlrs and is
+based in Seattle.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10218" NEWID="5305">
+<DATE>16-MAR-1987 08:59:03.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1893&#31;reute
+r f BC-LOS-ANGELES-SECURITIE   03-16 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOS ANGELES SECURITIES &lt;LSGA> TO STAY ON NASDAQ</TITLE>
+<DATELINE>    LOS ANGELES, March 16 - </DATELINE><BODY>Los Angeles Securities Group said
+the &lt;National Association of Securities Dealers> has decided
+not to delist its securities from the NASDAQ system for now, as
+it had threatened.
+    The company said the NASD has granted it an undetermined
+period of time to resolve issues raised by the NASD on
+market-making in its own common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10219" NEWID="5306">
+<DATE>16-MAR-1987 08:59:21.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1895&#31;reute
+r f BC-SUMMIT-ENERGY-&lt;SUM>-E   03-16 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMMIT ENERGY &lt;SUM> EXTENDS EXCHANGE OFFER</TITLE>
+<DATELINE>    DALLAS, March 16 - </DATELINE><BODY>Summit Energy Inc said it has extended
+to April Three from March 13 its offer to exchange six common
+shares for each of its 569,200 outstanding shares of 1.80 dlr
+cumulative convertible preferred stock.
+    The company said through Friday it had received 302,669 of
+the shares or 53.2 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10220" NEWID="5307">
+<DATE>16-MAR-1987 08:59:28.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1896&#31;reute
+b f BC-EXPORT-DEVELOPMENT-CO   03-16 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPORT DEVELOPMENT CORP ISSUES EUROYEN BOND</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Export Development Corp is issuing a 15
+billion yen eurobond due August 28, 1992 paying 4-1/2 pct and
+priced at 101-7/8 pct, lead manager Bank of Tokyo International
+said.
+    The bond is available in denominations of one mln yen and
+will be listed in Luxembourg.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10221" NEWID="5308">
+<DATE>16-MAR-1987 08:59:45.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1898&#31;reute
+r f BC-AMERICAN-BUILDING-MAI   03-16 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN BUILDING MAINTENANCE &lt;ABM> 1ST QTR NET</TITLE>
+<DATELINE>    SAN FRANCISCO, March 16 -
+    </DATELINE><BODY>Shr 35 cts vs 44 cts
+    Net 1,311,000 vs 1,619,000
+    Revs 125.2 mln vs 117.2 mln
+    NOTE: American Building Maintenance Industries Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10222" NEWID="5309">
+<DATE>16-MAR-1987 09:01:35.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1902&#31;reute
+r f BC-RENOUF-EXTENDS-BENEQU   03-16 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENOUF EXTENDS BENEQUITY HOLDINGS &lt;BH> OFFER</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Renouf Corp International said it has
+extended the expiration of its offer to pay 31 dlrs a unit to
+buy all outstanding units of Benequity Holdings a California
+Limited Partnership to March 24 from March 13.
+    As of March 13, Renouf said, about 3,847,375 units had been
+tendered.
+    Renouf pointed out this exceeds the minimum number sought
+in the offer, but its statement gave no reason for the
+extention. Benequity has 5.7 mln units outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10223" NEWID="5310">
+<DATE>16-MAR-1987 09:02:13.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1905&#31;reute
+r f BC-CFTC-OPPOSES-U.S.-FED   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CFTC OPPOSES U.S. FEDERAL FUTURES MARGIN SETTING</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Commodity Futures Trading
+Commission, CFTC, chairman Susan Phillips said the agency
+opposed efforts to set up a federal regulatory framework over
+futures and options margins.
+    Phillips told the National Grain and Feed Association
+yesterday that futures margins are best set by the exchanges.
+    Earlier this year Securities and Exchange Commission
+Chairman John Shad suggested that futures volatility might be
+dampened if federal regulators could set margins.
+    Phillips predicted Congress would discuss the issue in the
+context of program trading of stock index futures and options.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10224" NEWID="5311">
+<DATE>16-MAR-1987 09:02:32.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1906&#31;reute
+r f BC-U.S.-CORPORATE-FINANC   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORPORATE FINANCE - BANK PAPER PRESSURED</TITLE>
+<AUTHOR>    By John Picinich, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Debt securities issued by major U.S.
+banks are under pressure in the secondary market as investors
+shy away from the paper because of Brazil's suspension of
+interest payments last month, analysts and traders said.
+    On February 20, Brazil said it would suspend interest
+payments on 68 billion dlrs owed to foreign commercial banks.
+No date was established for the renewal of payments.
+    "Buyers have backed away from bank paper. These securities
+have become very difficult to sell despite a rise in their
+yields," said one corporate bond trader.
+    "Debt issues of major money center banks will probably
+continue to trade off until such time as the Brazil situation
+is resolved," said Loretta Neuhaus, a vice president with
+Merrill Lynch Capital Markets.
+    "I have not told any of our investors to stay away from the
+banks in general," she added. "But I have not received too many
+inquiries by prospective buyers lately either."
+    Traders said debt securities of U.S. banks that are
+perceived by investors to be heavily exposed to Latin American
+debtor nations declined moderately in price last week. They
+said the difference between bids and offers widened.
+    "There is not much trading of bank issues these days," an
+underwriter said, referring to the wider bid/offer spreads.
+    However, he and others pointed out that the secondary
+market has not seen heavy selling by institutions, funds and
+other investors.
+    "The selling has been steady over the past couple of weeks.
+But it has been far from panicky," said another trader.
+    In addition, institutional sources told Reuters on Friday
+that Salomon Brothers Inc lowered its investment ratings on the
+stocks of all U.S. money centers. But the sources said it is
+understood the action is not a sell recommendation.
+    While institutional sources said Salomon lowered the
+ratings to M from O-plus on bank stocks, bond traders said this
+carried over to the secondary market and further undermined
+confidence in bank paper.
+    The banks affected by Salomon's change in investment coding
+were Bank of New York Co Inc &lt;BK>, Bankers Trust Co &lt;BT>, Chase
+Manhattan Corp &lt;CMB>, Chemical New York Corp &lt;CHL>, Citicorp
+&lt;CCI>, Irving Bank Corp &lt;V>, Manufacturers Hanover Corp &lt;MHC>,
+J.P. Morgan and Co Inc &lt;JPM>, Marine Midland Banks Inc &lt;MM>,
+Republic New York Corp &lt;RNB>, Bank of Boston Corp &lt;BKB> and
+First Chicago Corp &lt;FNB>, sources said.
+    The institutional sources said Salomon cited a filing with
+the Securities and Exchange Commission by Citibank, the lead
+bank of Citicorp.
+    Citibank said Friday it told the SEC its earnings could be
+reduced by 50 mln dlrs after-tax in the first quarter, and 190
+mln dlrs in the year, if it has to declare 3.9 billion dlrs of
+medium- and long-term Brazilian loans non-performing.
+    "I believe there will be some renegotiation along the way
+between Brazil and the banks such that the banks will not have
+to charge off their loans to Brazil," Merrill Lynch's Neuhaus
+commented.
+    But until then, investors are widely expected to remain
+leery of buying bank paper, according to analysts and traders.
+    In an unrelated development, RJR Nabisco Inc &lt;RJR> paid
+what some bond traders said amounted to a "penalty fee" when
+the company tapped the domestic debt market on Friday.
+    RJR Nabisco sold 500 mln dlrs of sinking fund debentures
+due 2017 via lead manager Shearson Lehman Brothers Inc. The
+debentures had an 8-5/8 pct coupon and were priced at 98.675 to
+yield 8-3/4 pct, or 115 basis points over the off-the-run 9-1/4
+pct Treasury bonds of 2016. The yield and premium over
+Treasuries was greater than a similar financing in January.
+    On January 22 Nabisco sold 500 mln dlrs of same-maturity,
+same-rated sinking fund debentures priced to yield 8.62 pct, or
+107 basis points over the 9-1/4 pct Treasury bonds.
+    Both issues were rated A-1 by Moody's and A by S and P.
+    Bond traders noted that Nabisco has called for redemption
+around 1.2 billion dlrs of its 11.20 pct notes of 1997. Nabisco
+will buy them back at 107.50, traders said.
+    "The redemption of an attractive double-digit yield issues
+has tainted Nabisco in investors' eyes," said one trader.
+"Obviously, a lot of prospective buyers believe Nabisco should
+pay a higher yield because of that."
+    Traders also asserted that the higher yield in Friday's
+pricing reflected the total debt issuance of one billion dlrs
+so far this year by Nabisco.
+    "Investors may be showing some signs of indigestion,"
+remarked one trader. Traders said they expect Nabisco will
+float more debt in the coming weeks to finance the redemption
+of the 11.20 pct notes.
+    Officers on Shearson's syndicate desk declined to comment.
+    IDD Information Service said the 30-day corporate visible
+supply rose to 3.28 billion dlrs last week from 1.79 billion
+dlrs in the previous week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10225" NEWID="5312">
+<DATE>16-MAR-1987 09:09:19.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1929&#31;reute
+r f BC-NEW-WORLD-PICTURES-LT   03-16 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW WORLD PICTURES LTD &lt;NWP> 4TH QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 16 -
+    </DATELINE><BODY>Shr 32 cts vs 21 cts
+    Net 4,717,000 vs 2,587,000
+    Revs 72.9 mln vs 37.9 mln
+    Avg shrs 14.7 mln vs 12.6 mln
+    Year
+    Oper shr 75 cts vs 41 cts
+    Oper net 10.7 mln vs 4,642,000
+    Revs 188.9 mln vs 106.6 mln
+    Avg shrs 14.2 mln vs 1.4 mln
+    NOTE: 1985 year net excludes 495,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10226" NEWID="5313">
+<DATE>16-MAR-1987 09:14:02.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1938&#31;reute
+d f BC-LOWRANCE-ELECTRONICS   03-16 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWRANCE ELECTRONICS INC &lt;LEIX> 2ND QTR JAN 31</TITLE>
+<DATELINE>    TULSA, Okla., March 16 -
+    </DATELINE><BODY>Shr profit 17 cts vs loss two cts
+    Net profit 520,000 vs loss 51,000
+    Sales 11.1 mln vs 6,897,000
+    1st half
+    Shr profit 34 cts vs profit 12 cts
+    Net profit 951,000 vs profit 320,000
+    Sales 20.6 mln vs 14.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10227" NEWID="5314">
+<DATE>16-MAR-1987 09:14:09.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1939&#31;reute
+r f BC-COMMTRON-CORP-&lt;CMR>-2   03-16 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMTRON CORP &lt;CMR> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    WEST DES MOINES, Iowa, March 16 -
+    </DATELINE><BODY>Shr 16 cts vs 22 cts
+    Net 1,574,000 vs 1,725,000
+    Sales 104.2 mln vs 116.0 mln
+    Avg shrs 10.1 mln vs eight mln
+    1st half
+    Shr 37 cts vs 37 cts
+    Net 3,675,000 vs 2,925,000
+    Sales 244.5 mln vs 230.6 mln
+    Avg shrs 10.0 mln vs eight mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10228" NEWID="5315">
+<DATE>16-MAR-1987 09:14:20.49</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1940&#31;reute
+u f BC-INDONESIA-HAS-IMPORTE   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA HAS IMPORTED PALM OIL, TRADERS SAY</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Indonesia has imported palm oil this
+year and is likely to take more, trade sources said.
+    They were commenting on a weekend Jakarta report quoting a
+Ministry of Trade spokesman as saying Indonesia had not issued
+licences to import the commodity. He also said there was no
+sign of a shortage of palm oil in Indonesia.
+    A major palm oil dealer said he shipped Malaysian palm oil
+to Indonesia in February, additional vessels were loading this
+month and other vessels had been earmarked for April.
+    Other operators claimed they had palm oil booked for
+Indonesia but would not disclose tonnages.
+    Traders said palm oil production in Indonesia this year had
+been below expectations and current stocks were low. They said
+licences were issued at the start of the year to import crude
+palm oil but were subsequently revised to include RBD olein and
+RBD oil.
+    Last week there were rumours in European markets that
+Indonesia had issued licences to import around 135,000 tonnes
+of palm oil for deliveries commencing April. An Indonesian
+Ministry of Trade official said this was incorrect.
+    Some traders here said the total could be more. Others said
+they could include those issued earlier this year and
+applications not yet granted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10229" NEWID="5316">
+<DATE>16-MAR-1987 09:14:25.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1941&#31;reute
+u f BC-WHOLESALE-CLUB-INC-&lt;W   03-16 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHOLESALE CLUB INC &lt;WHLS> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    INDIANAPOLIS, March 16 -
+    </DATELINE><BODY>Shr profit two cts vs loss 16 cts
+    Net profit 558,000 vs loss 580,000
+    Sales 66.2 mln vs 29.5 mln
+    Avg shrs 4,476,000 vs 3,615,000
+    Year
+    Shr loss 61 cts vs loss 79 cts
+    Net loss 1,760,000 vs loss 2,180,000
+    Sales 158.4 mln vs 76.3 mln
+    Avg shrs 4,475,000 vs 2,751,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10230" NEWID="5317">
+<DATE>16-MAR-1987 09:14:41.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1943&#31;reute
+d f BC-MSA-REALTY-CORP-&lt;SSS>   03-16 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MSA REALTY CORP &lt;SSS> 4TH QTR NET</TITLE>
+<DATELINE>    INDIANAPOLIS, March 16 -
+    </DATELINE><BODY>Shr profit four cts vs loss two cts
+    Net profit 247,970 vs loss 57,341
+    Revs 2,393,622 vs 2,627,612
+    Avg shrs 5,958,423 vs 2,440,100
+    Year
+    Shr profit 71 cts vs loss 35 cts
+    Net profit 3,213,310 vs loss 849,180
+    Revs 14,571,434 vs 9,099,767
+    Avg shrs 6,177,666 vs 2,440,083
+    NOTE: 1986 earnings include a loss from carryforward of
+investment tax credits of 85,000 dlrs in the quarter and a gain
+of 250,000 dlrs, or four cts a share for the year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10231" NEWID="5318">
+<DATE>16-MAR-1987 09:15:43.81</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1944&#31;reute
+h f BC-ECONOMIC-SPOTLIGHT--   03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT -FRANCE AWAITS ECONOMIC LIFT</TITLE>
+<AUTHOR>    By Brian Childs, Reuters</AUTHOR>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>A year after squeezing to power with a
+narrow bare coalition majority, Gaullist Prime minister Jacques
+Chirac has swept away a cobweb of controls and regulations
+choking the French economy.
+    But France is still waiting for a promised industrial
+recovery the government says will follow from its free market
+policies. Company profits and the stock market are rising. But
+so is unemployment. Growth is stagnant at about two pct a year
+and the outlook for inflation, held to a 20-year low of 2.1 pct
+in 1986, is uncertain.
+    Forced last month to cut the government's 1987 growth
+target and raise its inflation estimate, Finance Minister
+Edouard Balladur ruled out action to stimulate the economy. But
+some government supporters say they fear time for an economic
+miracle may be running out.
+    The political clock is ticking towards Presidential
+elections due by April next year.
+    France's economic performance, led by a mixed cast of
+right-wing ministers and a socialist President, has won mixed
+reviews from non-partisan analysts.
+    For Michel Develle, Director of Economic Studies at
+newly-privatised Banque Paribas, the government's outstanding
+achievement has been to launch "a veritable intellectual
+revolution" breaking the staid habits formed by centuries of
+state control.
+    "The figures may look mediocre -- neither good nor bad --
+but set in their context of structural reforms, they are
+excellent," Develle said.
+    But some analysts say they fear that Balladur, chief
+architect of the government's free market policies, may be
+pursuing a mirage.
+    "The belief that economic liberalism will produce an
+explosion of economic forces is ideological" said Indosuez chief
+economist Jean Cheval. "Personally I think it's an illusion.
+Dirigisme (direction) is a basic fact of the French system,
+from school onwards. Ultra-liberalism is impossible."
+    Illusion or not, the government has pushed its vision hard.
+Over the past year foreign exchange and consumer price controls
+have been largely abolished, labour regulations have been
+pruned to ease the sacking of redundant workers and a hugely
+popular programme has been launched to sell state-owned banks
+and industries to private investors.
+    Since December, nearly five mln French investors have
+bought shares in Cie Financiere de Paribas &lt;PARI.PA> and glass
+maker Cie de Saint-Gobain SA &lt;SGEP.PA>, the first two state
+companies brought to the stock market under the 300 billion
+franc five-year privatisation plan.
+    Encouraged by an amnesty for past illegal exports of
+capital, and the lifting of most currency controls, money has
+flooded into the Paris stockmarket from abroad, helping to lift
+the market 57 pct last year and another 12.5 pct since
+December.
+    At the end of last year the government abolished price
+controls that had existed for 42 years on services such as car
+repairs and hairdressing, freeing from state intervention small
+businesses which account for some 60 pct of the French economy.
+    The immediate result was a 0.9 pct rise in consumer prices
+in January, partly responsible for a forced revision in the
+official 1987 inflation forecast, to 2.5 pct from two pct or
+less.
+    "But even 2.5 pct would be a fantastic result, when you
+consider that prices are now free for the first time since
+1945," commented Develle of Paribas.
+    Other achievements include a major reduction in the state's
+foreign debts, and a cut in the state budget deficit to 141.1
+billion francs last year, 2.5 billion francs below target and
+down from 153.3 billion in 1985.
+    But despite a healthy balance of payments surplus and a
+gradual improvement in industrial productivity, the French
+franc was forced by speculators in January into a humiliating
+three pct devaluation against the West German mark, its second
+since Chirac took power.
+    A recent report by the Organisation for Economic
+Cooperation and Development pilloried French industry for
+failing to produce the goods that its potential customers
+wanted.
+    Outside the mainly state-controlled high technology
+sectors, French industrial goods were "increasingly ill-adapted
+to demand" and over-priced, the report said.
+    French economists, including Cheval at Indosuez, agreed
+with the report. "One of the assumptions of the government is
+that if you give them freedom, the employers will invest and
+modernise....But nine out of ten will say yes, they like
+freedom, and then wait to be told which way to go," he said.
+    And despite rising industrial investment and the
+introduction of special incentives to boost youth employment,
+the end-1986 number of jobless was reported at a record 2.7
+million, some 300,000 more than a year earlier.
+    The problem for the government is that there may be little
+more it can do to prod the economy into faster growth.
+    French producers failed more than most to take advantage of
+last year's oil price falls and growth hopes now rest on the
+shaky prospects of expansion in other industrial countries like
+West Germany and Japan, they say.
+ REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10232" NEWID="5319">
+<DATE>16-MAR-1987 09:18:36.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1959&#31;reute
+u f BC-spectra-&lt;spct>-test-o   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPECTRA &lt;SPCT> TESTS OF NEW DRUG NOT ENCOURAGING</TITLE>
+<DATELINE>    HANOVER, Mass., March 16 - </DATELINE><BODY>Spectra Pharmaceutical Services
+Inc said current clinical studies of its proposed dry eye drug
+Tretinoin have not produced encouraging results based on
+preliminary indications.
+    The compnay said the tests are being conducted for
+submission to the Food and Drug Administration for the drug
+which has the trade name Lacramore.
+    Spectra said earlier studies showing dramatic improvements
+in isolated cases have still occurred. However, the overall
+evaluation of a large number of patients with dry eye syndrome
+do not demonstrate consistantly beneficial results, it added.
+    Spectra said it will continue its current studies, while at
+the same time undertaking a review of the feasability of the
+proposed product
+    Spectra, a development stage company, also said it has
+introduced its first proprietary product, a hyo-allergenic
+noniirritating cleanser for the cleaning of eyelids and
+eyelashes.
+    The company said it has also begun marketing a line of
+ophthalmic drugs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10233" NEWID="5320">
+<DATE>16-MAR-1987 09:19:38.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1964&#31;reute
+f f BC-******BECOR-WESTERN-G   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BECOR WESTERN GETS OFFER TO BE ACQUIRED BY NEW GROUP FOR 15.50 DLRS SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10234" NEWID="5321">
+<DATE>16-MAR-1987 09:20:00.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1965&#31;reute
+r f BC-EVEREST-AND-JENNINGS   03-16 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EVEREST AND JENNINGS INTERNATIONAL &lt;EJA> 4TH QTR</TITLE>
+<DATELINE>    LOS ANGELES, March 16 -
+    </DATELINE><BODY>Shr profit nine cts vs loss 58 cts
+    Net profit 738,000 vs loss 4,643,000
+    Sales 50.9 mln vs 43.8 mln
+    Year
+    Shr profit 1.50 dlrs vs loss 61 cts
+    Net profit 12.1 mln vs loss 4,875,000
+    Sales 195.3 mln vs 174.2 mln
+    NOTE: 1985 net both periods includes 4,952,000 dlr
+provision for plant closing.
+    1985 net includes gains on sale of West Los Angeles real
+estate of 650,000 dlrs in quarter and 1,471,000 dlrs in year.
+    1986 year net includes gains on sale of West Los Angeles
+real estate of 9,903,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10235" NEWID="5322">
+<DATE>16-MAR-1987 09:25:12.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1975&#31;reute
+r f BC-UNION-GETS-ORDER-AGAI   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION GETS ORDER AGAINST TRANS WORLD &lt;TWA></TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>The Independent Federation of Flight
+Attendants said U.S. District Judge Howard F. Sachs entered a
+temporary restraining order prohibiting Trans World Airlines
+Inc from refusing to recognize and deal with the union.
+    The union said the order also prohibits TWA from denying
+union representatives access to the company's property.
+    The union said the Kansas City judge acted on its
+complaints made seeking to enforce a recent U.S. Court of
+Appreals decision reinstating contractural provisions which
+existed at the time of the 70-day strike which ended in May
+1986.
+    The flight attendants union said it petitioned the district
+court because of TWA's ongoing refusal to allow union
+representatives on the airline's property.
+    The union said the court order also requires TWA to post
+notices of a temporary restraining order throughout its system
+and to districute copies of the order to all its
+flight-attendant employees.
+    The union said the order requires the airline to appear in
+U.S. District Court in Kansas City March 20 to show cause why a
+preliminary injunction should not be granted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10236" NEWID="5323">
+<DATE>16-MAR-1987 09:26:10.71</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1977&#31;reute
+r f BC-GERMAN-BANK-SEES-HIGH   03-16 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANK SEES HIGHER GOLD PRICE FOR 1987</TITLE>
+<DATELINE>    HAMBURG, March 16 - </DATELINE><BODY>Gold is expected to continue its rise
+this year due to renewed inflationary pressures, especially in
+the U.S., Hamburg-based Vereins- und Westbank AG said.
+    It said in a statement the stabilisation of crude oil
+prices and the Organisation of Petroleum Exporting Countries'
+efforts to achieve further firming of the price has led to
+growing inflationary pressures in the U.S.
+    Money supplies in the U.S., Japan and West Germany exceed
+central bank limits and real growth of their gross national
+products, it added.
+    Use of physical gold should rise this year due to increased
+industrial demand and higher expected coin production, the bank
+said.
+    Speculative demand, which influences the gold price on
+futures markets, has also risen, the bank said.
+    These factors and South Africa's unstable political
+situation, which may lead to a temporary reduction in gold
+supplies from that country, underscore the firmer sentiment, it
+said.
+    However, Australia's output is estimated to rise to 90
+tonnes this year from 73.5 tonnes in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10237" NEWID="5324">
+<DATE>16-MAR-1987 09:29:54.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1983&#31;reute
+r f BC-MAXCOM-APPOINTS-CHAIR   03-16 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAXCOM APPOINTS CHAIRMAN, PRESIDENT</TITLE>
+<DATELINE>    WALtHAM, Mass., March 16 - </DATELINE><BODY>&lt;MAXCOM Corp> said it elected
+Ugo de Fusco to the newly-created positions of chairman and
+president.
+    MAXCOM said de Fusco's last post was a vice president of a
+European division of International Business Machines Corp
+&lt;IBM>.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10238" NEWID="5325">
+<DATE>16-MAR-1987 09:31:58.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f1989&#31;reute
+u f BC-THATCHER-PARTY-HAS-NI   03-16 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THATCHER PARTY HAS NINE POINT POLL LEAD</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Britain's ruling Conservatives have a
+nine point lead over the main opposition Labour Party, their
+biggest in two years, according to an opinion poll published
+yesterday in the Sunday Times.
+    The MORI poll's findings were the latest in a series of
+setbacks for Labour and are bound to encourage talk that Prime
+Minister Margaret Thatcher may call a general election in June.
+    The poll gives the Conservatives a rating of 41 pct against
+32 pct for Labour and 25 pct for the centrist Liberal-Social
+Democratic Alliance -- enough to give Thatcher an overall
+majority of 46 seats in the 650-seat House of Commons. The poll
+follows a survey by Marplan last week giving the Conservatives
+a six-point lead over Labour.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10239" NEWID="5326">
+<DATE>16-MAR-1987 09:34:56.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1997&#31;reute
+f f BC-*****ENDOTRONICS-SEES   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>ENDOTRONICS SEES HEAVY LOSSES IN QTR FROM WITHDRAWAL OF JAPAN DISTRIBUTOR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10240" NEWID="5327">
+<DATE>16-MAR-1987 09:35:12.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1998&#31;reute
+d f BC-ALPINE-GROUP-INC-&lt;AGI   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALPINE GROUP INC &lt;AGI> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    HACKENSACK, N.J., March 13 -
+    </DATELINE><BODY>Shr profit seven cts vs loss five cts
+    Net profit 303,000 vs loss 205,000
+    Revs 16,945,000 vs 7,695,000
+    Nine mths
+    Shr profit 27 cts vs profit 19 cts
+    Net profit 1,161,000 vs profit 787,000
+    Revs 39.2 mln vs 22.8 mln
+    NOTE: Profits include gains of 130,000 dlrs, or three cts a
+share, in quarter and 490,000 dlrs, or 11 cts a share, vs
+52,000 dlrs, or one cent a share, in nine months from tax loss
+carryforward
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10241" NEWID="5328">
+<DATE>16-MAR-1987 09:35:51.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2003&#31;reute
+d f BC-BSI-SAYS-EXPECTS-ANOT   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BSI SAYS EXPECTS ANOTHER GOOD YEAR IN 1987</TITLE>
+<DATELINE>    ZURICH, March 16 - </DATELINE><BODY>Banca della Svizzera Italiana &lt;BISZ.Z>
+said it expected business to be good again this year after
+1986's 15.2 pct increase in net profit to 42 mln Swiss francs.
+    Chief Executive Giorgio Ghiringhelli told reporters he
+expected almost all important sectors to expand well in 1987.
+An important exception would be its securities business, which
+would grow more slowly.
+    Ghiringhelli also said the bank planned to convert its
+representation in London into a subsidiary at the end of this
+year and further expand activities at its New York subsidiary,
+particularly in private banking.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10242" NEWID="5329">
+<DATE>16-MAR-1987 09:35:53.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2004&#31;reute
+f f BC-******DIAMOND-SHAMROC   03-16 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DIAMOND SHAMROCK SETS 27 PCT PRORATION FACTOR FOR TENDERED SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10243" NEWID="5330">
+<DATE>16-MAR-1987 09:37:20.49</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2008&#31;reute
+u f BC-BRAZILIAN-BANK-WORKER   03-16 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN BANK WORKERS DECIDE ON NATIONAL STRIKE</TITLE>
+<DATELINE>    CAMPINAS, Brazil, March 16 - </DATELINE><BODY>Brazilian bank workers voted
+to launch a nationwide strike this month, compounding labour
+unrest arising from the failure of the government's
+anti-inflation plan.
+    At a rally in this city, about 100 km northwest of Sao
+Paulo, about 5,000 bank workers voted to strike on March 24
+unless their demand for 100 pct pay rises is met.
+    Wilson Gomes de Moura, president of the national
+confederation which groups the bank employees' 152 unions
+representing 700,000 workers, told Reuters the indefinite
+stoppage would affect all banks.
+    The vote came as a stoppage by seamen entered its third
+week and as 55,000 oil workers threatened action against the
+state-owned petroleum company Petrobras.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10244" NEWID="5331">
+<DATE>16-MAR-1987 09:38:36.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2014&#31;reute
+u f BC-BECOR-WESTERN-&lt;BCW>-G   03-16 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BECOR WESTERN &lt;BCW> GETS OFFER TO BE ACQUIRED</TITLE>
+<DATELINE>    MILWAUKEE, March 16 - </DATELINE><BODY>Becor Western Inc said &lt;Investment
+Limited Partnership> of Greenwich, conn., and Randolph W. Lenz
+are offering to acquire Becor for 15.50 dlrs per share, subject
+to Becor's receipt of at least 110 mln dlrs from the proposed
+sale of its Western Gear Corp subsidiary.
+    Becor said it has also received expressions of interest
+from other parties seeking information about Becor.
+    Becor had previously agreed to sell Western Gear for at
+least 110 mln dlrs and to be acquired by BCW Acquisition Inc
+for 10.45 dlrs in cash and four dlrs in debentures per Becor
+share.  BCW was formed by Becor executives and &lt;Goldman, Sachs
+and Co>.  Both deals are subject to shareholder approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10245" NEWID="5332">
+<DATE>16-MAR-1987 09:39:02.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2018&#31;reute
+r f BC-CLARK-EQUIPMENT-&lt;CKL>   03-16 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLARK EQUIPMENT &lt;CKL> STAKE ACQUIRED</TITLE>
+<DATELINE>    SOUTH BEND, IND., March 16 - </DATELINE><BODY>Clark Equipment Co said it was
+informed by Arthur M. Goldberg acting on behalf of a group of
+investors that the group had accumulated 1,262,200 shares, or
+about 6.7 pct of Clark's outstanding common stock.
+    It said Goldberg recently approached Clark to repurchase
+the shares. However, negotiations for the block repurchase were
+unsuccessful and have been terminated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10246" NEWID="5333">
+<DATE>16-MAR-1987 09:39:08.41</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2019&#31;reute
+u f BC-slaughter-guesstimate   03-16 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 295,000 to 302,000 head versus
+293,000 week ago and 309,000 a year ago.
+    Cattle slaughter is guesstimated at about 123,000 to
+126,000 head versus 123,000 week ago and 121,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10247" NEWID="5334">
+<DATE>16-MAR-1987 09:39:50.82</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2020&#31;reute
+u f BC-paton-roastings   03-16 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PATON REPORTS U.S. GREEN COFFEE ROASTINGS HIGHER</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>U.S. roastings of green coffee in the
+week ended March 7 were about 325,000 (60-kilo) bags, including
+that used for soluble production, compared with 290,000 bags in
+the corresponding week of last year and about 315,000 bags in
+the week ended February 28, George Gordon Paton and Co Inc
+reported.
+    It said cumulative roastings for calendar 1987 now total a
+3,295,000 bags, compared with 3,620,000 bags by this time last
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10248" NEWID="5335">
+<DATE>16-MAR-1987 09:40:03.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2021&#31;reute
+u f BC-AVIA-STOCKHOLDERS-SEE   03-16 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVIA STOCKHOLDERS SEEK TO BLOCK SALE TO REEBOK</TITLE>
+<DATELINE>    PORTLAND, Ore., March 16 - </DATELINE><BODY>&lt;Avia Group International Inc> 
+stockholders filed a class a action suit in Multnomah County
+Circuit court seeking to halt the sale of Avia to Reebok
+International Ltd &lt;RBOK>.
+    Avia stockholders also seek to receive compensation from
+the defendants, who include most of Avia directors, according
+to court papers.
+    The suit grew out a meeting of several dozen dissatisfied
+minority stockholders of Avia following the announcement of
+Reebok's proposed acquisition of Avia and the sudden drop in
+the price of Avia stock.
+    The complaint was filed on behalf of Clem Eischen, a
+Portland-area resident, who owns 500 shares of Avia, and Robert
+Withers, also of the Portland-area, who owns 954 shares, and
+other individuals who held stock at the time of Reebok's
+announcement. A jury trial has been requested.
+    "The actions of the small group that contral Avia have hurt
+the little guy," said Eischen.
+    The stockholders, according to a statement, have organized
+a steering committee.
+    The complaint reviews the price action of Avia stock from
+March 1986 and noted the plaintifs who purchased stock between
+19 dlrs and 25 dlrs per share. The price fell from 24 dlrs to
+16.50 dlrs a share following the Reebok announcement.
+    The complaint asked the defendants be enjoined from
+proceeding with the Reebok acquisition of Avia. It also
+requests damages to be determined at the time of trial.
+    Avia said it had not seen the court papers and said it had
+no comment on the suit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10249" NEWID="5336">
+<DATE>16-MAR-1987 09:42:21.09</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2029&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-16 0117</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.K. MONEY MARKET GIVEN 451 MLN STG AFTERNOON HELP LONDON,
+March 16 - The Bank of England said it provided the money
+market with a further 451 mln stg assistance.
+    This brings the bank's total help today to 571 mln stg and
+compares with its estimate of the deficit in the system which
+was earlier revised down to 1.10 billion stg from 1.15 billion.
+    The central bank bought 108 mln stg of bills for resale to
+the market in equal amounts on April 1, 2 and 3 at 10-7/16 pct.
+    It also made outright purchases comprising 326 mln stg of
+bank bills in band one at 10-3/8 pct, 15 mln stg of bank bills
+in band two at 10-5/16 pct and two mln stg of local authority
+bills in band one at 10-3/8 pct.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10250" NEWID="5337">
+<DATE>16-MAR-1987 09:42:24.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2030&#31;reute
+f f BC-******STONE-CONTAINER   03-16 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>STONE CONTAINER ESTABLISHES ONE BILLION DLR BANK CREDIT FACILITY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10251" NEWID="5338">
+<DATE>16-MAR-1987 09:43:20.66</DATE>
+<TOPICS><D>money-fx</D><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M G T
+&#22;&#22;&#1;f2032&#31;reute
+u f BC-ZAMBIA,-IMF-TALKS-HIT   03-16 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIA, IMF TALKS STALL ON FOOD SUBSIDIES</TITLE>
+<DATELINE>    LUSAKA, March 16 - </DATELINE><BODY>Zambia's talks with the World Bank and
+International Monetary Fund (IMF) on a financial rescue package
+have run into difficulties on the issue of food subsidies, an
+official newspaper said.
+    The Times of Zambia, which is run by the ruling United
+National Independence Party (UNIP), quoted official sources as
+saying the IMF and World Bank had refused to continue financing
+food subsidies and were pressing the government to explain how
+it proposes to pay for them.
+    President Kenneth Kaunda tried to abolish maize subsidies
+last December, in line with IMF recommendations, but the move
+caused maize meal prices to double overnight and led to riots.
+    The subsidies were immediately restored as part of moves to
+quell the disturbances.
+    The Times of Zambia said another major issue in the
+government's current talks with the IMF and World Bank was the
+remodelling of Zambia's foreign exchange auction.
+    The central bank's weekly auction of foreign exchange to
+the private sector has been suspended since the end of January,
+pending modifications to slow down the rate of devaluation and
+dampen fluctuations in the exchange rate.
+    The kwacha slid to around 15 per dollar under the auction,
+losing 85 pct of its value in 16 months, but since the end of
+January has been revalued to a fixed rate of nine per dollar.
+    Banking sources said Zambia was persuaded by the World Bank
+and IMF to lift its proposed ceiling of 12.50 kwacha per dollar
+on the currency's devaluation once the auctions restart.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10252" NEWID="5339">
+<DATE>16-MAR-1987 09:43:28.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2033&#31;reute
+u f BC-DWG-CORP-&lt;DWG>-3RD-QT   03-16 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DWG CORP &lt;DWG> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    MIAMI, March 16 -
+    </DATELINE><BODY>Oper shr profit 17 cts vs profit 10 cts
+    Oper net profit 5,146,000 vs profit 2,691,000
+    Revs 269.5 mln vs 274.4 mln
+    Avg shrs 20.5 mln vs 17.0 mln
+    Nine mths
+    Oper shr profit 14 cts vs loss 45 cts
+    Oper net profit 4,131,000 vs loss 7,148,000
+    Revs 802.8 mln vs 766.0 mln
+    Avg shrs 20.4 mln vs 16.9 mln
+    NOTE: Net excludes discontinued operations loss 1,667,000
+dlrs vs profit 42,000 dlrs in quarter and loss 2,123,000 dlrs
+vs profit 1,334,000 dlrs in nine mths.
+    Net excludes gains on insurance recovery of 54,000 dlrs vs
+91,000 dlrs in quarter and 1,289,000 dlrs vs 218,000 dlrs in
+nine mths.
+    Prior year net excludes 1,103,000 dlr loss from change in
+accounting for textiles inventories.
+    Prior year results for discontinuance of apparel segment
+and change in accounting for textile inventories.
+    Share adjusted for stock dividends.
+    Net includes pretax unrealized loss provision recoveries
+related to marketable securities of 580,000 dlrs vs 824,000
+dlrs in quarter and recovery 640,000 dlrs vs provision 366,000
+dlrs in nine mths.
+    Prior nine mths net includes pretax gain on sale of
+marketable securities of 493,000 dlrs.
+    Net includes tax credits 5,738,000 dlrs vs 494,000 dlrs in
+quarter and credit 4,194,000 dlrs vs provision 11.2 mln dlrs in
+nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10253" NEWID="5340">
+<DATE>16-MAR-1987 09:44:16.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2038&#31;reute
+b f BC-/DIAMOND-SHAMROCK-&lt;DI   03-16 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND SHAMROCK &lt;DIA> SETS PRORATION FACTOR</TITLE>
+<DATELINE>    DALLAS, March 16 - </DATELINE><BODY>Diamond Shamrock Corp said it will
+accept about 27 pct of the 73,653,000 shares of its common
+stock tendered in response to the company's offer to pay 17
+dlrs a share for 20 mln shares.
+    The company said it expects to mail checks representing the
+purchase price of the 20 mln shares purchased later this week
+and will be returning unpurchased shares shortly thereafter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10254" NEWID="5341">
+<DATE>16-MAR-1987 09:44:52.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2041&#31;reute
+u f BC-ARGYLL-GROUP-CREDIT-F   03-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGYLL GROUP CREDIT FACILITY OVERSUBSCRIBED</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>A 75 mln stg revolving credit contained
+in a 100 mln stg multiple facility for Argyll Group Plc has
+been oversubscribed in syndication and the borrower is
+considering an increase, banking sources said.
+    The facility will allow Argyll to issue sterling
+acceptances and multi-currency advances and domestic sterling
+advances.
+    There will be a facility fee of 7.5 basis points on the
+available part of the facility and a fee of five basis points
+on the reserved part. There is a front end fee of 1/32 and a
+utilisation fee of five basis points if more than 50 pct of the
+revolving credit is drawn.
+    There will be a tender panel for the acceptances and
+advances. However, Argyll will have the option to raise funds
+through an issuer set placement, under which the underwriters
+can take up to their available commitment under the standby.
+    The available tranche will be determined by Argyll on an
+annual basis.
+    Drawings under the five year facility will be subject to a
+cap rate of 1/8 pct over the London Interbank Offered Rate or
+acceptance commission. Samuel Montagu and Co Ltd is lead
+manager and agent.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10255" NEWID="5342">
+<DATE>16-MAR-1987 09:45:02.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2042&#31;reute
+r f BC-&lt;bralorne-resources-l   03-16 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BRALORNE RESOURCES LTD> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 16 -
+    </DATELINE><BODY>Shr loss 2.70 dlrs vs loss 25 cts
+    Net loss 60.6 mln vs loss 3,122,000
+    Revs 101.0 mln vs 167.7 mln
+    Note: 1986 includes charge of 44.1 mln dlrs due to
+writedown of oil and gas interests, writeoff of goodwill and
+patents, provision against disposal of surplus inventory,
+losses on disposition of operating units and writedown of
+assets held for disposal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10256" NEWID="5343">
+<DATE>16-MAR-1987 09:46:11.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f2044&#31;reute
+d f BC-UNION-LEADERS-TOUR-YU   03-16 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION LEADERS TOUR YUGOSLAVIA TO QUELL STRIKE</TITLE>
+<DATELINE>    BELGRADE, March 16 - </DATELINE><BODY>Yugoslav trade union leaders are
+touring the country in an attempt to quell a wave of strikes
+following a partial wages freeze, official sources said.
+    Eyewitnesses in the northern city of Zagreb reported far
+more police on the streets than normal after the city and areas
+nearby experienced the biggest wave of strikes in the country
+in recent memory.
+    National newspapers in Belgrade have given few details of
+the strikes. But Zagreb papers said thousands of workers went
+on strike and thousands more were threatening action over pay
+cuts.
+    Western diplomats said the strikes appeared to be
+spontaneous and without unified orchestration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10257" NEWID="5344">
+<DATE>16-MAR-1987 09:49:45.57</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2054&#31;reute
+f f BC-BANK-OF-FRANCE-LEAVES   03-16 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF FRANCE LEAVES MONEY MARKET INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10258" NEWID="5345">
+<DATE>16-MAR-1987 09:50:15.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2057&#31;reute
+d f BC-H-AND-R-BLOCK-&lt;HRB>-S   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H AND R BLOCK &lt;HRB> SEES GAINS FROM TAX REFORM</TITLE>
+<AUTHOR>    By Jane Light, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>With the April 15 tax return deadline
+less than a month away, confused taxpayers will be converging
+on H and R Block Inc's offices to interpret the new tax codes.
+    Financial results for the nation's largest tax preparer are
+expected to be good in fiscal 1987 but next year could be a
+"bonanza," analysts say.
+    "For the short term the key word is confusion, Block Vice
+President Tom Bloch said in an interview. "When Congress
+drastically changes laws, confusion results and tax preparers
+benefit," Bloch said.
+    "Next year, when taxpayers take the new forms and place
+them side by side to compare them, more people will throw their
+hands up and say 'I'm going to get help,'" he said.
+"Tax forms will look very different next year," he added.
+    Kidder Peabody analyst Herbert Buchbinder expects Block's
+fiscal 1987 year (to end April 30) to show good gains over
+fiscal 1986 earnings of 60.1 mln dlrs or 2.41 dlrs a share on
+revenues of 606.7 mln dlrs. He estimates Block's fiscal 1987
+earnings at 2.75 to 2.80 dlrs.
+    "Next year, Block could have a bonanza," Buchbinder said.
+Based on estimates of a larger work force, Block could show a
+gain of more than five pct in tax forms prepared, he said. In
+the 1986 tax season, Block prepared 9,215,300 U.S. tax returns,
+up 1.5 pct over the previous year.
+    The Internal Revenue Service estimates about 100 mln
+individual income tax returns will be filed for the 1987 tax
+season, up from last year's 94 mln forms. Professional tax
+preparers accounted for just over 43 million forms, according
+to the IRS.
+    For the longer term, while confusion will continue to bring
+clients into Block's 8,866 tax preparation offices worldwide,
+there are some changes in the act that will have a negative
+effect, Bloch conceded.
+    Certain changes in filing requirements will shorten the tax
+return, and in some cases, simplify the form, he noted. In
+addition, some low income wage earners will be taken off the
+tax rolls, he said.
+    Block is currently analyzing its price structure to try to
+offset some of the negatives. Last tax season, the average cost
+for each return in the U.S. amounted to 48.05 dlrs and 45.73
+dlrs worldwide, Bloch said. This tax season, rates will be up
+about three or four pct, in line with the inflation rate, he
+said.
+    Block expects "some expansion" this tax season of its
+electronic filing system which directly feeds into the IRS and
+can speed up the refund process. Block can choose where and by
+how much it wants to expand into the seven cities made
+available for the direct filing by the IRS, Bloch noted.
+    The IRS estimates about 90,000 returns will be directly
+filed this tax season, up from the 26,000 returns injected in
+the 1986 tax season.
+    First Kansas City analyst Jonathan Braatz said that Block
+will benefit greatly from lower tax rates in fiscal 1988.
+    Braatz expects Block's advertising budget to be about the
+same as last year which will be helped a bit by lower costs for
+television ads. "They may get a little more bang for their
+buck," he said.
+    He estimates Block has about 150 mln dlrs cash on its
+balance sheet sheet, and says if interest rates rise it could
+be of great benefit to them.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10259" NEWID="5346">
+<DATE>16-MAR-1987 09:54:27.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2071&#31;reute
+u f BC-AUSIMONT-COMPO-NV-&lt;AU   03-16 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSIMONT COMPO NV &lt;AUS> RAISES QUARTERLY</TITLE>
+<DATELINE>    WALTHAM, Mass., March 16 -
+    </DATELINE><BODY>Qtly div eight cts vs five cts prior
+    Pay April 24
+    Record April Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10260" NEWID="5347">
+<DATE>16-MAR-1987 09:54:51.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2072&#31;reute
+d f BC-FINANCIAL/SANTA-BARBA   03-16 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL/SANTA BARBARA &lt;FSB> UNIT OFFERS NOTES</TITLE>
+<DATELINE>    SANTA BARBARA, Calif., March 16 - </DATELINE><BODY>Financial Corp of Santa
+Barbara said its Santa Barbara Savings and Loan Association
+subsidiary is offering 25 mln dlrs of convertible subordinated
+debentures due 2012.
+    The debentures, to be offered in minimum denominations of
+10,000 dlrs, are the joint obligation of Santa Barbara Savings
+and the parent company.
+    The offering will be underwritten by Bear Stearns and Co
+and First Boston Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10261" NEWID="5348">
+<DATE>16-MAR-1987 09:55:13.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2074&#31;reute
+r f BC-AUSIMONT-COMPO-&lt;AUS>   03-16 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSIMONT COMPO &lt;AUS> SEEKS SHARE INCREASE</TITLE>
+<DATELINE>    WALTHAM, Mass., March 16 - </DATELINE><BODY>Ausimont Compo NV said it will
+ask shareholders at the annual meeting to approve an increase
+in authorized common shares to 90 mln shares from 50 mln.
+    The company now has about 28.4 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10262" NEWID="5349">
+<DATE>16-MAR-1987 09:55:22.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2075&#31;reute
+d f BC-ALDERSHOT-AGREES-TO-A   03-16 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALDERSHOT AGREES TO ACQUIRE INTRACOASTAL REFINING</TITLE>
+<DATELINE>    Calgary, Alberta, March 16 - </DATELINE><BODY>Aldershot Resources Ltd said
+it signed an interim agreement to acquire 100 pct of the
+outstanding shares of Intracoastal Refining Inc of Conroe,
+Texas.
+    Aldershot will pay a certain number of shares of common
+stock based on book value, and up to a maximum of one mln
+shares under a formula linked to the next five years' pre-tax
+net revenues.
+    The transaction is subject to completion of a definitive
+agreement and to regulatory approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10263" NEWID="5350">
+<DATE>16-MAR-1987 09:55:26.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2076&#31;reute
+d f BC-DERLAN-ACQUIRES-80-PC   03-16 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DERLAN ACQUIRES 80 PCT OF AURORA INDUSTRIES</TITLE>
+<DATELINE>    Toronto, March 16 - </DATELINE><BODY>&lt;Derlan Industries Ltd> said it
+acquired 80 pct of Aurora Industries Inc of Montgomery,
+Illinois for an undisclosed price.
+    Closing is subject to completion of legal formalities,
+Derlan said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10264" NEWID="5351">
+<DATE>16-MAR-1987 09:58:01.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2080&#31;reute
+u f BC-MARION-LABS-&lt;MKC>-VOT   03-16 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARION LABS &lt;MKC> VOTES SPLIT, DIVIDEND HIKE</TITLE>
+<DATELINE>    KANSAS CITY, MO., March 16 - </DATELINE><BODY>Marion Laboratories Inc said
+its board declared a two-for-one common stock split in the form
+of a dividend, with distribution April 21, record March 25.
+    The board also said it intends to increase the regular
+quarterly dividend by 43 pct, to five cts a share, reflecting
+the split. It said the increase will be declared at the May
+1987 board meeting and reflected in regular payments beginning
+in July 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10265" NEWID="5352">
+<DATE>16-MAR-1987 10:02:24.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2086&#31;reute
+u f BC-DART-SEEKS-SUPERMARKE   03-16 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DART SEEKS SUPERMARKETS &lt;SGL> NEGOTIATIONS</TITLE>
+<DATELINE>    LANDOVER, Md., March 13 - </DATELINE><BODY>&lt;Dart Group Inc> said it is
+preparted to negotiate all terms of its proposed acquisition of
+Supermarkets General Corp.
+    Early this month, Dart made an unsolicited offer of 41.75
+dlrs a share in cash for Supermarkets General's stock.
+    Releasing a letter sent friday to Supermarkets General,
+Dart said "we believe that an agreement can be reached which
+will be in the best interests of Supermarkets General, its
+stockholders, management, employees and customers.
+    "To that end, we are prepared to negotiate all terms of an
+acquisition agreement," Dart said.
+    Dart said it urges a meeting with Supermarkets General
+officials be held promptly.
+    The letter pointed out the company has not heard from
+Supermarkets General since making the offer "other than on this
+past Monday when we were informed that our offer would be
+seriously considered and that you would get back to us on a
+timely basis to arrange a meeting."
+    Dart said it has "acted openly and amicably" in an effort
+to facilitate its proposed acquisition, adding it has not
+purchased additional Supermarkets General stock since prior to
+submission of its offer.
+    Dart said it continues to be interested in acquiring
+Supermarkets General in a friendly manner, noting it has given
+the company "the tune that you suggested in order to allow you
+to evaluate the available options."
+    Dart now owns 1.9 mln Supermarkets General shares, slightly
+less than five pct of those outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10266" NEWID="5353">
+<DATE>16-MAR-1987 10:04:05.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2098&#31;reute
+r f BC-seabright-resources   03-16 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEABRIGHT RESOURCES EQUITY ISSUE APPROVED</TITLE>
+<DATELINE>    HALIFAX, Nova Scotia, March 16 - </DATELINE><BODY>&lt;Seabright Resources Inc>
+said it received regulatory approvals for an issue in Canada of
+up to 1.3 mln 1987 flow through units priced at 6.25 dlrs each
+and 1.4 mln equity units priced at 4.30 dlrs each.
+    Each 1987 flow through unit allows the holder to receive
+one Seabright flow through common share, and the company
+expects about 8.33 dlrs per flow through unit will be available
+to subscribers as 1987 income tax deduction. Minimum
+subscription is 500 units, the company said.
+    Each equity unit comprises one common share and one-half
+warrant for either a common share or one flow-through unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10267" NEWID="5354">
+<DATE>16-MAR-1987 10:04:16.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2100&#31;reute
+r f BC-DECORATOR-INDUSTRIES   03-16 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DECORATOR INDUSTRIES INC &lt;DII> 4TH QTR NET</TITLE>
+<DATELINE>    PITTSBURGH, Pa., March 16 - </DATELINE><BODY>Ended Jan three
+    Shr profit five cts vs NA
+    Net profit 58,088 vs loss 279,718
+    Revs 6,310,841 vs 5,468,893
+    Year
+    Shr profit 12 cts vs loss 74 cts
+    Net profit 126,321 vs loss 773,090
+    Revs 23.1 mln vs 19.1 mln
+    NOTE: Loss per share not given for quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10268" NEWID="5355">
+<DATE>16-MAR-1987 10:04:21.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2101&#31;reute
+r f BC-MCCORMICK-AND-CO-INC   03-16 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCCORMICK AND CO INC &lt;MCCRK> 1ST QTR NET</TITLE>
+<DATELINE>    HUNT VALLEY, Md., March 16 -</DATELINE><BODY>Qtr ends Feb 28
+    Shr 37 cts vs 35 cts
+    Net 4,346,000 vs 4,202,000
+    Revs 232,006,000 vs 223,151,000
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10269" NEWID="5356">
+<DATE>16-MAR-1987 10:04:30.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2102&#31;reute
+r f BC-VALUE-LINE-INC-&lt;VALU>   03-16 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALUE LINE INC &lt;VALU> 3RD QTR JAN 31</TITLE>
+<DATELINE>    NEW YORK, MARCH 16 -
+    </DATELINE><BODY>Shr 52 cts vs 25 cts
+    Net 5,154,000 vs 2,496,000
+    Revs 17.7 mln vs 14.4 mln
+    Nine months
+    Shr 1.16 dlrs vs 70 cts
+    Net 11.5 mln seven mln
+    Revs 50.3 mln vs 41.2 mln
+    NOTE: 1987 periods include pretax investment income
+of 2.9 mln dlrs in capital gains distributions from mutual fund
+investment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10270" NEWID="5357">
+<DATE>16-MAR-1987 10:04:41.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2104&#31;reute
+r f BC-THERMO-ELECTRON-&lt;TMO>   03-16 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERMO ELECTRON &lt;TMO> CONSIDERS UNIT STAKE SALE</TITLE>
+<DATELINE>    WALTHAM, Mass., March 16 - </DATELINE><BODY>Thermo Electron Corp said it has
+entered into talks with underwriters on the possible public
+sale of a minority interest in its packaged cogeneration
+systems subsidiary, Tecogen Inc.
+    The company also said it plans to offer convertible
+subordinated debentures publicly.
+    It gave no further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10271" NEWID="5358">
+<DATE>16-MAR-1987 10:04:49.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2106&#31;reute
+r f BC-hongkong-bank-of-can   03-16 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONGKONG BANK OF CANADA 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    Vancouver, British Columbia, March 16 -
+    </DATELINE><BODY>Net 3.1 mln vs not given
+    Note: results not comparable with last year due to November
+1986 acquisition of Bank of British Columbia.
+    Subsidiary of &lt;Hongkong and Shanghai Banking Corp>
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10272" NEWID="5359">
+<DATE>16-MAR-1987 10:05:00.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2108&#31;reute
+r f BC-SALANT-CORP-&lt;QSLT>-4T   03-16 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALANT CORP &lt;QSLT> 4TH QTR NOV 29 NET</TITLE>
+<DATELINE>    NEW YORK, March 16 -
+    </DATELINE><BODY>Oper shr profit 45 cts vs profit 56 cts
+    Oper net profit 1,492,000 vs profit
+    1,842,000
+    Sales 36.5 mln vs 38.5 mln
+    Year
+    Oper shr profit 48 cts vs loss 2.44 dlrs
+    Oper net profit 1,596,000 vs loss 8,084,000
+    Sales 131.1 mln vs 144.5 mln
+    NOTE: 1986 year net includes pretax provision for loss on
+sale of subsidiary of 1,600,000 dlrs.
+    1985 year net includes pretax loss 6,600,000 dlrs from
+plant closing provision.
+    1986 net excludes tax credits of 1,295,000 dlrs in quarter
+and 2,712,000 dlrs in year.
+    1986 net both periods excludes charge 9,400,000 dlrs for
+estimated settlement and expenses connected with Chapter 11
+bankruptcy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10273" NEWID="5360">
+<DATE>16-MAR-1987 10:05:06.86</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2109&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-16 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 550 MLN STG LATE HELP</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The Bank of England said it provided the
+money market with late assistance of around 550 mln stg.
+    This takes the Bank's total help today to some 1.12 billion
+stg and compares with its estimated deficit of around 1.10
+billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10274" NEWID="5361">
+<DATE>16-MAR-1987 10:05:24.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2110&#31;reute
+u f BC-NO-FEDERATION-BANK-SE   03-16 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO FEDERATION BANK SEEN INVOLVED IN VW AFFAIR</TITLE>
+<DATELINE>    BONN, March 16 - </DATELINE><BODY>Hanns Christian Schroeder-Hohenwarth,
+President of the West German Federation of Banks, said that as
+far as he knew no member bank of the Federation was involved in
+activities which led to currency losses of some 480 mln marks
+for Volkswagen AG &lt;VOWG.F>, VW.
+    VW has said fraudulent currency manipulation possibly led
+to the losses.
+    The Federation of Banks includes all the major West German
+commercial banks. Schroeder-Hohenwarth was speaking at a news
+conference after a Federation meeting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10275" NEWID="5362">
+<DATE>16-MAR-1987 10:06:53.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2114&#31;reute
+u f BC-RENOUF-EXTENDS-BENEQU   03-16 0088</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+RENOUF EXTENDS BENEQUITY HOLDINGS &lt;BH> OFFER
+    repeat
+    NEW YORK, March 16 - Renouf Corp International said it has
+extended the expiration of its offer to pay 31 dlrs a unit to
+buy all outstanding units of Benequity Holdings a California
+Limited Partnership to March 24 from March 13.
+    As of March 13, Renouf said, about 3,847,375 units had been
+tendered.
+    Renouf pointed out this exceeds the minimum number sought
+in the offer, but its statement gave no reason for the
+extention. Benequity has 5.7 mln units outstanding.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10276" NEWID="5363">
+<DATE>16-MAR-1987 10:08:12.28</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2116&#31;reute
+u f BC-LYNG-SAYS-TOO-LATE-FO   03-16 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG SAYS TOO LATE FOR CROP DECOUPLING THIS YEAR</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said it is too late to implement a full 0/92 acreage
+provision, or "decoupling," for 1987 grain crops.
+    "I think there's a chance we'll see that legislation (0/92)
+passed, (but) not for 1987 crops. It's too late," Lyng told the
+National Grain and Feed Association convention here.
+    Lyng added that there seems some support in Congress for
+0/92 and there was a good chance a pilot 0/92 program will be
+passed as part of a pending disaster bill.
+    But he indicated that it is already too late in the year to
+alter the 1987 crop program. Sign-up for spring crops closes
+the end of this month.
+    Overall, Lyng predicted very little change will be
+legislated in the 1985 farm bill this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10277" NEWID="5364">
+<DATE>16-MAR-1987 10:09:14.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2117&#31;reute
+f f BC-******U.S.-FEDERAL-HO   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FEDERAL HOME LOAN BANKS SET DEBT OFFERING TOTALLING 2.55 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10278" NEWID="5365">
+<DATE>16-MAR-1987 10:11:02.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2123&#31;reute
+d f BC-smoky-river-coal-in-c   03-16 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMOKY RIVER SIGNS COAL SUPPLY AGREEMENT</TITLE>
+<DATELINE>    Calgary, Alberta, March 16 - </DATELINE><BODY>Smoky River Coal Ltd, operator
+of the Smoky River coal mine near Grande Cache, Alberta, said
+it agreed to supply 1.5 metric tons of metallurgical coal in
+the next five years to Pohang Iron and Steel Co of Korea.
+    Smoky River said the agreement is an extension of the
+current long-term coal supply contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10279" NEWID="5366">
+<DATE>16-MAR-1987 10:14:17.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2136&#31;reute
+r f BC-SALANT-&lt;QSLT>-FILES-R   03-16 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALANT &lt;QSLT> FILES REORGANIZATION PLAN</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Salant Corp said it and its Thomson Co
+Inc and Obion Co Inc subsidiaries have filed a joint
+reorganization plan with the U.S. Bankruptcy Court and expect
+to emerge from Chapter 11 bankruptcy in the near future.
+    The company said a hearing on the adequacy of the
+associated disclosure plan is scheduled for April Nine and
+completion of the plan is subject to approval by creditors,
+equity security holders and the bankruptcy court.
+    Salant said it has reached agreement for Ray W. williams to
+continue as president and chief executive officer for five
+years from the effective date of the reorganization plan and
+has substantially concluded talks for a new 15 mln dlr
+unsecured credit, effective the same date.
+    The company said the committee of its unsecured creditgors
+and the committee of its equity security holders have approved
+the terms of the plan.  As previously announced, creditors will
+receive 450 mln dlrs in cash, 500 dlrs of 13-1/4 pct senior
+subordinated debentures and four common shares for each 1,000
+dlrsd of allowed unsecured claims.
+    Salant today reported earnings for the year ended November
+29 of 1,596,000 dlrs, after a 1,600,000 dlr pretax provision
+for loss on the sale of a subsidiary but before a 9,400,000 dlr
+post-tax charge attributable to costs and expenses of Chapter
+11 and the settlement of pre-Chapter 11 claims, as well as a
+2,712,000 dlr tax credit.
+    A year before, it lost 8,084,000 dlrs after a 6,600,000 dlr
+pretax provision for plant closings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10280" NEWID="5367">
+<DATE>16-MAR-1987 10:14:23.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2137&#31;reute
+r f BC-ANALOGIC-CORP-&lt;ALOG>   03-16 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALOGIC CORP &lt;ALOG> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    PEABODY, Mass., March 16 -
+    </DATELINE><BODY>Shr 11 cts vs 13 cts
+    Net 1,965,577 vs 2,474,357
+    Revs 38.3 mln vs 34.7 mln
+    1st half
+    Shr 61 cts vs 22 cts
+    Net 11.3 mln vs 4,132,129
+    Revs 84.4 mln vs 66.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10281" NEWID="5368">
+<DATE>16-MAR-1987 10:14:37.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2138&#31;reute
+d f BC-NO-FEDERATION-BANK-SE   03-16 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO FEDERATION BANK SEEN INVOLVED IN VW AFFAIR</TITLE>
+<DATELINE>    BONN, March 16 - </DATELINE><BODY>Hanns Christian Schroeder-Hohenwarth,
+President of the West German Federation of Banks, said that as
+far as he knew no member bank of the Federation was involved in
+activities which led to currency losses of some 480 mln marks
+for Volkswagen AG &lt;VOWG.F>, VW.
+    VW has said fraudulent currency manipulation possibly led
+to the losses.
+    The Federation of Banks includes all the major West German
+commercial banks. Schroeder-Hohenwarth was speaking at a news
+conference after a Federation meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10282" NEWID="5369">
+<DATE>16-MAR-1987 10:18:01.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2155&#31;reute
+b f BC-CME,-CBOE-SET-JOINT-P   03-16 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME, CBOE SET JOINT PRESS CONFERENCE FOR TODAY</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>The Chicago Mercantile Exchange, CME,
+and the Chicago Board Options Exchange, CME, will hold a joint
+news conference at 1200 CST (1800 GMT) today.
+    Neither exchange would elaborate on the topic of the press
+conference, although a CBOE spokesperson said it will deal a
+new financial product.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10283" NEWID="5370">
+<DATE>16-MAR-1987 10:18:26.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2156&#31;reute
+b f BC-/U.S.-FHL-BANKS-SET-2   03-16 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FHL BANKS SET 2.55 BILLION DLR DEBT OFFER</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The Office of Finance of the Federal
+Home Loan Banks announced a debt offering totalling 2.55
+billion dlrs consisting of three issues.
+    The issues are 1.11 billion dlrs maturing March 26, 1990;
+1.065 billion dlrs maturing March 25, 1992; and 375 mln dlrs
+maturing March 25, 1997.
+    Sale date and announcement of rates is set for Tuesday
+March 17, 1987.
+    The office of finance said allocation of the 1997 issue
+will be limited to members of the long term selling group.
+Proceeds of the offering will be used to refund the issues
+maturing March 25, 1987 and to raise additional funds, it said.
+    The finance office added that 171 mln dlrs of the 1990
+issue, 146.5 mln dlrs of the 1992 issue and 49.5 mln dlrs of
+the 1997 issue will be reserved for the Federal Reserve System
+and their own or customer accounts.
+    The bonds will be availalbe in book entry form only, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10284" NEWID="5371">
+<DATE>16-MAR-1987 10:18:43.86</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2158&#31;reute
+u f BC-WEST-GERMAN-EXPORTS-T   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN EXPORTS TO U.S. DROP SHARPLY</TITLE>
+<DATELINE>    FRANKFURT, March 16 - </DATELINE><BODY>West German exports to the United
+States fell below four billion marks worth in January for the
+first time since mid-1984, provisional Bundesbank data showed.
+    The figures showed exports were 3.85 billion marks in
+January, sharply down from December's 4.40 billion and the
+lowest since the 3.56 billion exported to the U.S. In July
+1984. This compared with 4.86 billion marks in January 1986.
+    Total West German exports to Western industrialised
+countries also fell in January to 34.76 billion marks from
+December's 36.45 billion, also posting the lowest monthly total
+since July 1984.
+    West German exports to the European Community were 21.60
+billion marks in January, down from 22.14 billion in December
+and 22.94 billion in January last year, the figures showed.
+    Exports to developing nations and centrally-planned
+economies also slackened.
+    Separately, Commerzbank AG said in a report that the focus
+of West German exports this year was likely to shift to Europe
+because of an expected downturn in growth in the dollar area.
+    This was one of the strengths of West German exports
+compared with Japan, which depended in large part on the U.S.,
+OPEC and developing country markets, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10285" NEWID="5372">
+<DATE>16-MAR-1987 10:19:45.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2162&#31;reute
+b f BC-STONE-CONTAINER-&lt;STO>   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STONE CONTAINER &lt;STO> FORMS CREDIT FACILITY</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>Stone Container Corp said it signed a
+definitive agreement with a group of banks establishing a total
+of 1.1 billion dlrs term loan and revolving credit facility.
+    It said the action represents the last step toward
+completing the previously announced acquisition of Southwest
+Forest Industries Inc &lt;SWF>.
+    Stone said the completed portion of the new credit facility
+consists of an 800 mln dlr term loan and a 200 mln dlr
+revolving credit.
+    Stone said the final portion of the 1.1 billion dlr credit
+facility will be a 100 mln dlr letter of credit, which will
+replace an existing letter of credit relating to the operating
+lease of its co-generation energy facility nearing completion
+at its linerboard and kraft paper mill in Florence, S.C.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10286" NEWID="5373">
+<DATE>16-MAR-1987 10:22:07.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2172&#31;reute
+f f BC-******TEXAS-AIR-TO-GI   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEXAS AIR TO GIVE FORMER CONTINENTAL AIR HOLDERS ANOTHER 3.75 DLRS A SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10287" NEWID="5374">
+<DATE>16-MAR-1987 10:26:00.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2193&#31;reute
+r f BC-WTD-INDUSTRIES-&lt;WTDI>   03-16 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WTD INDUSTRIES &lt;WTDI> TO SELL DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>WTD Industries Inc said it filed with
+the Securities and Exchange Commission a registration statement
+covering a 30 mln dlr issue of senior subordinated debentures
+due 1997.
+    Proceeds will be used mainly for the acquisition of
+additional woods products manufacturing facilities and related
+properties, WTD said.
+    The company named Kidder, Peabody and Co Inc as lead
+underwriter of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10288" NEWID="5375">
+<DATE>16-MAR-1987 10:28:04.70</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2201&#31;reute
+f f BC-French-February-infla   03-16 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> French February inflation between 0.1 and 0.2 pct vs 0.9 pct in january - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10289" NEWID="5376">
+<DATE>16-MAR-1987 10:29:52.85</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2204&#31;reute
+r f BC-TRADE-NEWS-ANALYSIS   03-16 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE INTERESTS READY FOR FIGHT IN U.S. CONGRESS</TITLE>
+<AUTHOR>    By Jacqueline Frank, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>U.S. lawmakers are gearing up for a
+showdown between protectionists and free traders as a major
+trade bill winds its way through committees to a vote by the
+full House of Representatives in late April.
+    In a move to toughen U.S. enforcement of trade laws, a key
+House subcommittee last week approved a toned down version of
+legislation to require President Reagan to retaliate against
+foreign countries that follow unfair trade practices.
+    This bill will be the cornerstone of congressional efforts
+to restore competitiveness of American industries and turn
+around last year's record 169 billion dlrs trade deficit.
+    Several lawmakers have argued the new trade bill made too
+many concessions to Reagan and said they intend to back
+amendments to "get tough" with countries that violate trade
+agreements or keep out U.S. products.
+     On the other hand, congressmen known for their allegiance
+to free trade, said the bill ties Reagan's hands too much in
+trade disputes and they will seek to restore his negotiating
+powers.
+    Republican Bill Frenzel of Michigan said the subcommittee's
+bill was not one "that a free trader like me could endorse in
+all respects," but he emphasized there was a consensus among
+trade lawmakers to work toward a bill Reagan and Republicans
+would ultimately endorse.
+    Frenzel said the goal of trade legislation was, "to make our
+trade policy stronger without violating our international trade
+agreements. You'll find a lot of people who think we have not
+done the former enough. You'll find poeple who think we haven't
+avoided violating agreements."
+    In a key concession made at the urging of the powerful
+chairman of the House Ways and Means Committee, the trade
+subcommittee backed off a requirement that would have forced
+Reagan to automatically impose quotas or tariffs on imports
+from countries that engage in unfair trade practices.
+    It also agreed he may waive any retaliation if it would
+hurt the U.S. economy.
+    Ways and Means chairman Dan Rostenkowski, an Illinois
+Democrat, insisted the more moderate approach was necessary if
+the House wanted to pass a bill Reagan would sign into law.
+    Reagan last year had blocked Senate consideration of a
+tough House trade bill he branded as protectionist and this
+year only reluctantly agreed to support a trade bill when he
+saw Democratic leaders were determined to pass a bill.
+    As an indication of his success, White House spokesman
+Marlin Fitzwater told reporters Friday the administration still
+did not like some provisions. But he added, "Generally we feel
+very good about the bipartisan consideration of the trade
+legislation. I think we are progressing very well."
+    The first battle will take place next week when the full
+House Ways and Means Committee considers an amendment by Rep.
+Richard Gephardt, a Missouri Democrat, to force countries such
+as Japan, South Korea and Taiwan to cut their trade surpluses
+with the United States.
+    The subcommittee limited the Gephardt plan to provide only
+that the existence of a large trade surplus with the United
+States will trigger an investigation of unfair trade practices,
+but would not automatically set off retaliation.
+    Rep. Phil Crane, an Illinois Republican and staunch free
+trader, said he will try to further weaken the Gephardt plan.
+    Organized labor has pressed lawmakers for more relief from
+imports where jobs have been lost to foreign competition.
+AFL-CIO president Lane Kirkland this year angered the
+administration in a statement that any trade bill Reagan would
+sign would not be worth passage in Congress.
+    But Rostenkowski set the tone of the trade debate in a
+statement, "I'm not trying to write legislation to please Lane
+Kirkland. I'm trying to write legislation that will be signed
+by the president."
+    In writing the bill, the subcommittee rejected calls for
+trade relief for specific industries such as textiles.
+    Rep. Ed Jenkins, a Democrat from Georgia, agreed to hold
+off his fight. He intends to push separately a bill to protect
+the domestic textile and shoe industry, an aide said. Reagan
+vetoed a similar measure last year.
+    House Speaker Jim Wright, a Texas Democrat, is one of the
+most influential proponents of aid for specific industries
+beset by low priced foreign competition.
+    Wright Thursday renewed his call for import relief for the
+domestic oil industry and announced his support for a Senate
+plan to trigger a temporary oil import tariff when imports
+reach half of domestic consumption.
+    For the most part, the trade bill's provisions toughen U.S.
+enforcement of trade laws. The bill forces the administration
+to act rapidly on complaints of unfair trade practices such as
+dumping products in the United States at prices below the cost
+of production.
+    It also forces the administration to act rapidly when an
+industry complains that a surge in imports threatens its
+existence. Congressmen said the change would have required the
+U.S. International Trade Commission to impose limits on car
+imports in 1981.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10290" NEWID="5377">
+<DATE>16-MAR-1987 10:30:10.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2206&#31;reute
+b f BC-resending   03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENDOTRONICS &lt;ENDO> EXPECTS LOSS FOR YEAR</TITLE>
+<DATELINE>    MINNEAPOLIS, March 16 - </DATELINE><BODY>Endotronics Inc said it expects to
+incur "substantial losses" for the second quarter ending March
+31 and fiscal year ending Sept 30, 1987.
+    As one factor behind the anticipated loss, Endotronics
+cited a dispute by one of its Japanese distributors, &lt;Yamaha
+Inc>, over payment of a 3,686,000 dlr promissory note.
+    In a Form 8-K filing with the Securities and Exchange
+Commission, Endotronics said the note was for overdue accounts
+receivable from sales of instruments to Yamaha and another
+Japanese distributor during the company's 1986 fiscal year.
+    Endotronics said at its present reduced level of operations
+it will exhaust all currently available cash and credit
+facilities in early May 1987. It said this assumes full use of
+the remaining 1,250,000 dlrs available under a line of credit
+from Celanese Corp, which requires approval of Celanese Corp
+&lt;CZ>.
+    The company said its ability to obtain funding was
+adversely affected by a suit filed March 4 by two of its
+shareholders seeking to represent a class of holders against
+three officers of Endotronics.
+    Endotronics said the complaint against it alleges
+violations of the federal securities laws in connection with
+statements made in the company's annual and quarterly reports.
+    The company also said the Securities Division of the
+Minnesota Department of Commerce is conducting an inquiry into
+the company's Japanese sales for fiscal 1986 and trading by
+insiders and brokers in the company's common shares.
+    It said similar inquiries are being conducted by the
+Securities and Exchange Commission. The investigations will
+hurt the company's ability to obtain funding, it said.
+    As a result of the dispute over payment of the promissory
+note, the law suit challenging its financial data and the
+various investigations concerning insider trading, the company
+said it no longer expects that anticipated declines in
+instrument sales in Japan in fiscal 1987 will be offset by
+increased instrument sales in other foreign countries and the
+United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10291" NEWID="5378">
+<DATE>16-MAR-1987 10:33:50.81</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2224&#31;reute
+f f BC-French-February-year   03-16 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> French February year on year inflation 3.4 pct vs three pct January - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10292" NEWID="5379">
+<DATE>16-MAR-1987 10:34:00.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2225&#31;reute
+b f BC-/CONTINENTAL-AIR-HOLD   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL AIR HOLDERS TO GET FURTHER PAYMENT</TITLE>
+<DATELINE>    HOUSTON, March 16 - </DATELINE><BODY>Texas Air Corp said under a settlement
+of class action litigation with &lt;Mutual Shares Corp>, former
+minority shareholders of Continental Airlines Inc will receive
+an additional 3.75 dlrs per share.
+    In February, Texas Air acquired the minority interest in
+Continental that it did not already own for 16.50 dlrs per
+share. Mutual had challenged the adequacy of the price.
+    Texas Air said any former Continental holder who has sought
+appraisal rights under Delaware law may continue to seek the
+appraisal remedy in Delaware Chancery Court or accept the
+settlement and drop the appraisal process.
+    Texas Air said the settlement has other terms relating to
+employee shareholdrs of Continental, who will receive options
+from Texas Air.  It did not give details.
+    The company said the settlement is subject to approval by
+the Delaware Chancery Court, which is expected to take about 60
+days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10293" NEWID="5380">
+<DATE>16-MAR-1987 10:35:44.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2238&#31;reute
+b f BC-KAWASAKI-STEEL-ISSUES   03-16 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAWASAKI STEEL ISSUES NOVEL 30 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Kawasaki Steel International Finance Plc
+is issuing a stepped coupon 30 mln dlr eurobond due March 26,
+1994 priced at 101-7/8 pct, lead manager Wako International
+Europe Ltd said.
+    The deal, guaranteed by Mitsui Trust and Banking Co Ltd,
+will carry a seven pct coupon in year one, rising to 8.44 pct
+in the final year.
+    Payment date is March 26. The bond is available in
+denominations of 100,000 dlrs and will be listed in Luxembourg.
+Fees were not disclosed but a Wako official confirmed the deal
+was a targetted issue.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10294" NEWID="5381">
+<DATE>16-MAR-1987 10:37:31.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2251&#31;reute
+r f BC-VIRAGEN-&lt;VRGN>-TO-BEG   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIRAGEN &lt;VRGN> TO BEGIN EXPANDED HERPES STUDIES</TITLE>
+<DATELINE>    HIALEAH, Fla., March 16 - </DATELINE><BODY>Viragen Inc said it will start an
+expanded study of its alpha interferon topical ointment for the
+treatment of genital herpes.
+    It said it will conduct a phase III study of two different
+dosage forms of the treatment and compare it to a placebo, or
+nonmedicated substitute, in at least 154 men and women. Viragen
+said study results are expected by October 1987.
+    Viragen said it is prepared to submit license applications
+for the ointment in England, Canada, and West Germany, in
+addition to the U.S., when the phase III study is completed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10295" NEWID="5382">
+<DATE>16-MAR-1987 10:42:11.20</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2269&#31;reute
+u f BC-COCOA-CONSUMERS-NARRO   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA CONSUMERS NARROW GAP ON BUFFER STOCK ISSUE</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Representatives of cocoa consuming
+countries at an International Cocoa Organization, ICCO, council
+meeting here have edged closer to a unified stance on buffer
+stock rules, delegates said.
+    While consumers do not yet have a common position, an
+observer said after a consumer meeting, "They are much more
+fluid ... and the tone is positive."
+    European Community consumers were split on the question of
+how the cocoa buffer stock should be operated when the ICCO met
+in January to put the new International Cocoa Agreement into
+effect, delegates said.
+    At the January meeting, France sided with producers on how
+the buffer stock should operate, delegates said. That meeting
+ended without agreement on new buffer stock rules.
+    The EC Commission met in Brussels on Friday to see whether
+the 12 EC cocoa consuming nations could narrow their
+differences at this month's meeting.
+    The Commissioners came away from the Friday meeting with an
+informal agreement to respond to signs of flexibility among
+producers on the key buffer stock issues, delegates said.
+    The key issues to be addressed at this council session
+which divide ICCO members are whether non-member cocoa should
+be eligible for buffer stock purchases and what price
+differentials the buffer stock should pay for different types
+of cocoa, delegates said.
+    A consumer delegate said producers and consumers should be
+able to compromise on the non-member cocoa question.
+    A working group comprising delegates from all producing and
+consuming member countries met briefly this morning, then broke
+up into a producer meeting and an EC meeting, followed by a
+consumer meeting.
+    Producers, who are in favour of the buffer stock buying a
+variety of grades of cocoa and oppose non-member cocoa being
+accepted, reviewed their position ahead of the working group
+meeting this afternoon.
+    "We are waiting to see what consumers say," a producer
+delegate said. "We hope they will be flexible or it will be
+difficult to negotiate."
+    The ICCO comprises 33 member countries. Non-
+members include the U.S., a consumer, and Malaysia, an
+increasingly important producer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10296" NEWID="5383">
+<DATE>16-MAR-1987 10:43:22.51</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2278&#31;reute
+u f BC-CCC-ACCEPTS-WHEAT-BID   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS WHEAT BID FOR W AFRICA COUNTRIES</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The Commodity Credit Corportion,
+CCC, has accepted a bid for an export bonus to cover the sale
+of 15,000 tonnes of U.S. wheat to West African countries, the
+U.S. Agriculture Department said.
+    The dark northern spring wheat is for shipment May 15-June
+15, 1987.
+    The bonus of 40.05 dlrs per tonne was made to Peavey
+Company and will be paid in the form of commodities from the
+CCC inventory, it said.
+    An additional 315,500 tonnes of wheat are still available
+to West African countries under the Export Enhancement Program
+initiative announced October 30, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10297" NEWID="5384">
+<DATE>16-MAR-1987 10:43:33.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2280&#31;reute
+r f BC-CORKEN-INTERNATIONAL   03-16 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORKEN INTERNATIONAL &lt;CORK> COMPLETES OFFERING</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 16 - </DATELINE><BODY>Corken International Corp said it
+has completed an initial public offering of 500,000 common
+shares at five dlrs each through underwriters led by Lowell H.
+Listrom and Co Inc.
+    The company said proceeds were used to pay a dividend to
+Hinderliter Industries Inc &lt;HND>, which had been its sole
+shareholder, and for working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10298" NEWID="5385">
+<DATE>16-MAR-1987 10:44:21.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2284&#31;reute
+r f BC-LOWRANCE-ELECTRONICS   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWRANCE ELECTRONICS &lt;LEIX> SEES ORDERS OFF</TITLE>
+<DATELINE>    TULSA, Okla., March 16 - </DATELINE><BODY>Lowrance Electronics Inc said
+results from operations in the third and fourth quarter may not
+be comparable to the first and second quarters, which were
+strong because of orders for new sonar equipment.
+    For the six months ended Jan 31, the company reported net
+income almost tripled to 951,000 dlrs or 34 cts a share as
+sales rose 38 pct to 20.6 mln dlrs.
+    The company, which went public Dec 23, also said it expects
+to be able to fill back orders from the first two quarters
+because of improved supply of computer chip components.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10299" NEWID="5386">
+<DATE>16-MAR-1987 10:45:39.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2288&#31;reute
+d f BC-ECONOMIC-SPOTLIGHT--   03-16 0146</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS OPTIONS, FUTURES EXCHANGE PLANNED FOR 1988</TITLE>
+<AUTHOR>    By Richard Murphy, Reuters</AUTHOR>
+<DATELINE>    ZURICH, March 16 - </DATELINE><BODY>Preparations for the launch of a Swiss
+options and futures exchange, billed as the first completely
+electronic market of its kind, are at an advanced stage,
+according to members of the project team.
+    The Swiss Options and Financial Futures Exchange (Soffex)
+is a new departure in that it will introduce an additional
+range of financial instruments and electronic trading methods
+to the traditionally conservative Swiss market.
+    There will be no physical exchange floor and both trading
+and clearing systems will be completely automated.
+    The new market, due to start operating in January 1988,
+follows a series of innovations by the bourses in Zurich, Basle
+and Geneva aimed at preventing loss of business in the face of
+keen competition from London and Frankfurt.
+    These innovations included the introduction last October of
+continuous trading in major shares, plans to establish a single
+continuously updated Swiss share index from next month to
+supplement the various indices produced by the major banks at
+the close of business, and experiments in electronic trade.
+    Banks themselves last year took the initiative of launching
+covered warrants on shares of other Swiss companies.
+    "If Switzerland wants to maintain and expand its
+international prominence in portfolio management, our bankers
+and fund managers must have the same modern instruments at
+their disposal as their competitors," says Soffex president
+Rudolf Mueller, a director of Union Bank of Switzerland.
+    The computer terminals on which business will be conducted
+will be confined to Switzerland. It is still unclear how many
+Swiss-based institutions will seek membership of the exchange.
+    Formal applications are not due until next month but a
+preliminary survey completed by the Soffex project team this
+week showed strong interest in membership.
+    "The response from both Swiss and foreign institutions all
+over the country has been very encouraging," says Philippe
+Bollag of the project team.
+    Hans Kaufmann, who follows Swiss equities for Bank Julius
+Baer, says a regulated traded options exchange should boost
+foreign interest in Swiss shares and possibly increase bourse
+turnover generally.
+    The possibility of protecting portfolios by hedging should
+attract Swiss institutional investors, Kaufmann added.
+    Soffex is a private company set up by the five major Swiss
+banks and the bourses of Zurich, Geneva and Basle.
+    Trading will initially be limited to stock options on 10 to
+15 leading Swiss bearer shares. An options contract on the new
+Swiss share index should follow within six months but trading
+in financial futures will be delayed until an unspecified
+future date. Options on foreign shares may also be added later.
+    Participants will be either brokers or dealers, operating
+in the market through computer terminals in their own offices.
+Trading must be conducted exclusively through the exchange.
+    Exchange membership is open to banks, traders and brokerage
+firms with an office in Switzerland, while clearing members
+must be recognised as banks under Swiss law.
+    The trading system, based on Digital Equipment Corp
+software and hardware, provides display of best bid and offer
+prices, matches orders electronically, allows anonymous
+negotiation of block orders and maintains member order books.
+    An "interest" facility, aimed at helping participants to
+gauge the market mood, shows the number of users watching a
+particular instrument at any time. Most of the electronic
+clearing functions will be carried out overnight.
+    Each contract will cover only five shares instead of the
+100 shares normally traded on existing options and futures
+markets in the United States, London, Amsterdam and Stockholm.
+    This reflects the fact that Swiss shares often cost
+thousands of francs. Bearer shares in F. Hoffmann-La Roche und
+Co AG, likely to be on the Soffex opening list, were quoted
+this week at 209,000 francs each.
+    Contracts will initally be offered for the three end-months
+following the trading date plus the subsequent January, April,
+July or October end-months. Longer maturities may be added in
+future if market liquidity permits.
+    Detailed provisions have still to be worked out in areas
+such as margin requirements, position limits, the supervisory
+and regulatory functions of the exchange and brokerage fees.
+    Banks polled by Reuters in a random survey were
+enthusiastic about Soffex but reticent about the level of their
+own involvement and about the exchange's prospects for success.
+    "We're moving into completely new surroundings and it will
+require a change in psychology," said a securities dealer at a
+major Swiss bank. "We in Switzerland are not used to sitting all
+day at a screen where nobody shouts at you."
+    Moving into traded options will also require considerable
+investment in equipment and staff by participants. Completely
+new dealing and back-office skills will have to be acquired and
+some banks are already sending staff abroad for training.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10300" NEWID="5387">
+<DATE>16-MAR-1987 10:45:48.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2289&#31;reute
+h f BC-AC-TELECONNECT-&lt;ACCC>   03-16 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AC TELECONNECT &lt;ACCC> ADDS CANADA PHONE SERVICE</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 16 - </DATELINE><BODY>AC Teleconnect Corp's unit, ACC
+Long Distance Corp, said customers in Binghamton, Buffalo,
+Rochester and Syracuse, N.Y., will be able to place calls to
+Canada.
+    The company also said it plans to offer overseas telephone
+service to a number of countries in the summer 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10301" NEWID="5388">
+<DATE>16-MAR-1987 10:46:50.72</DATE>
+<TOPICS><D>cpu</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2295&#31;reute
+u f BC-CANADA-MANUFACTURING   03-16 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA MANUFACTURING UTILIZATION RATE RISES</TITLE>
+<DATELINE>    OTTAWA, March 16 - </DATELINE><BODY>Utilization of Canadian manufacturing
+capacity rose to 77.2 pct in the fourth quarter of 1986 from 77
+pct in the third quarter, Statistics Canada said.
+    "Although the change was small, this marked the first
+quarter since the third quarter of 1985 in which the
+utilization rates for manufacturing as a whole rose," the
+federal agency said.
+    Increased residential construction led to strong increases
+in the building materials sector, led by a 3.3 pct increase in
+non-metallic mineral industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10302" NEWID="5389">
+<DATE>16-MAR-1987 10:48:22.20</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2306&#31;reute
+b f BC-FRENCH-INFLATION-SLOW   03-16 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH INFLATION SLOWS IN FEBRUARY</TITLE>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>French inflation slowed in February to
+between 0.1 and 0.2 pct against 0.9 pct in January, the
+National Statistics Institute (INSEE) said.
+    The retail price index showed a year-on-year rise of 3.4
+pct against three pct in January. An INSEE official said the
+final figure for February would be released later this month.
+    After January's rise the government was forced to revise
+its inflation target for 1987 to 2.5 pct year on year from an
+initial target of two pct, after 2.1 pct in 1986.
+    Finance Minister Edouard Balladur said half the January
+rise was due to higher oil prices and forecast a February
+slowing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10303" NEWID="5390">
+<DATE>16-MAR-1987 10:50:16.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2318&#31;reute
+u f BC-CAPITOL-BANCORP-&lt;CAPB   03-16 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPITOL BANCORP &lt;CAPB> TO RESTATE NET TO LOSS</TITLE>
+<DATELINE>    BOSTON, March 16 - </DATELINE><BODY>Capitol Bancorp said it expects to
+restate its results for 1986 to a loss of about one mln dlrs
+due to a reclassification of loans recommended by auditor Ernst
+and Whinney.
+    The company said the restatement also reflects a
+substantial increase in reserves of its principal subsidiary,
+Capitol Bank and Trust Co.
+    It said it expects to earn 2,250,000 to 2,750,000 dlrs for
+the first quarter of 1987.
+    Capitol said to maintain an adequate capital ratio it will
+seek additional equity capital in the near future.
+    It also said it has delayed its annual meeting until May
+due to the restatement of annual earnings.
+    Capitol said its board raised the quarterly dividend to 23
+cts from 22 cts a share, payable April 28, record MArch 31.
+    The company originally reported 1986 earnings of 7,700,000
+dlrs.  It earned 3,848,000 dlrs in last year's first quarter.
+    The annual meeting had been scheduled for the second week
+of April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10304" NEWID="5391">
+<DATE>16-MAR-1987 10:51:01.98</DATE>
+<TOPICS><D>oilseed</D><D>veg-oil</D><D>soybean</D></TOPICS>
+<PLACES><D>netherlands</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2321&#31;reute
+u f BC-U.S.-SOY-PRODUCERS-TH   03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SOY PRODUCERS THINK EC OILS TAX UNLIKELY</TITLE>
+<DATELINE>    THE HAGUE, March 16 - </DATELINE><BODY>American soybean producers are
+confident the proposed European Community (EC) tax on vegetable
+oils and fats will be rejected but are leaving nothing to
+chance, American Soybean Association (ASA) president-elect
+Wayne Bennett said.
+    Bennett, who is leading one of three soybean producer
+delegations on a lobbying tour of EC capitals, was speaking at
+a lunch.
+    After meetings at the Economics and Foreign ministries this
+morning, he said the Dutch Government had indicated it would
+vote against the proposal, as had a number of other countries.
+    "Our information suggests we will have the required number
+of votes in Brussels to prevent the tax proposal going forward,"
+he said.
+    "The proposal has been talked of in Brussels for the past 20
+years, and dropped every time. What we want now is to kill it
+once and for all," Bennett added.
+    Backing up the soybean producers' active lobbying, the U.S.
+Government has also indicated it will be prepared to retaliate
+with penal import taxes if the proposal does get through, he
+said.
+    The U.S. Government also feels it has a good case to fight
+the proposed tax in the General Agreement on Tariffs and Trade
+(GATT), a U.S. Embassy spokesman said.
+    U.S. Exports of soybeans and products to the EC account for
+one-fifth of annual production, and are worth about 2.5 billion
+dlrs a year, Bennett said.
+    The proposed tax on oils and fats would hit U.S. Producers
+badly while at the same time virtually doubling the price of
+soyoil in the EC, which would suffer far worse than other
+higher-priced oils because of the nature of the proposed tax,
+he added.
+    The revenue to the EC from the tax would simply be used to
+finance the EC's own oilseed subsidy machine, he said.
+    "We in the ASA are dedicated free-traders. We helped defeat
+the Wine Equity Act two years ago, but we will not stand by and
+watch our own farmers suffer from such protectionist EC
+measures," Bennett said.
+    "The mood in the U.S. Is turning increasingly protectionist,
+and the EC's actions are fueling the chances of a trade war,"
+he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10305" NEWID="5392">
+<DATE>16-MAR-1987 10:51:58.78</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2327&#31;reute
+u f BC-SWEDISH-UNEMPLOYMENT   03-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH UNEMPLOYMENT DOWN AS DATA IS REVISED</TITLE>
+<DATELINE>    STOCKHOLM, March 16 - </DATELINE><BODY>A new method of calculating Sweden's
+unemployment figures reduced the number of jobless by a sixth,
+a spokesman for the Central Bureau of Statistics (SCB) said,
+reporting a substantial drop in the past year.
+    According to the revised data there were 94,000 jobless in
+February representing 2.2 pct of the workforce against 120,000
+or 2.8 pct of the workforce in February 1986.
+    SCB official Olle Wessberg said the new figures were based
+on a more extensive survey of the unemployed which brought
+Sweden into line with the practises recommended by the
+Geneva-based International Labour Organisation.
+    Wessberg said the new method cut the number of unemployed
+by about 16 pct. "The way we are now collecting data is far more
+accurate and we are asking many more questions to find out
+whether the jobless want work, whether they are able to work
+and whether they have actually looked for work," he told
+Reuters.
+    The new method was first used for the January figures,
+which showed unemployment dropping to 2.1 pct of the workforce
+from 2.7 pct (old style) in December, but Wessberg said the
+change had apparently not been noticed by the press.
+    Recalculated according to the new method, unemployment in
+February 1986 would have stood at 2.2 pct, the SCB said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10306" NEWID="5393">
+<DATE>16-MAR-1987 10:53:08.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2334&#31;reute
+f f BC-FRENCH-13-WEEK-T-BILL   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH 13-WEEK T-BILL AVERAGE RATE RISES TO 7.46 PCT FROM 7.37 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10307" NEWID="5394">
+<DATE>16-MAR-1987 10:54:25.09</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2343&#31;reute
+h f BC-ECONOMIC-SPOTLIGHT--   03-16 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - EMS MARKS EIGHTH BIRTHDAY</TITLE>
+<AUTHOR>    By Tony Carritt, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, March 13 - </DATELINE><BODY>The European Monetary System marks its
+eighth anniversary still vulnerable to turmoil in world money
+markets despite creating an island of currency rate stability
+in Europe, economists say. But many economists say the system,
+which holds eight European Community currencies within narrow
+fluctuation bands, remains in its infancy.
+    Its new currency, the European Currency Unit (Ecu), has
+been a runaway success with investors and borrowers alike
+seeking an alternative to the volatile dollar.
+    And on Wednesday, the long term vision of the Ecu as
+Europe's common currency took a step nearer to becoming reality
+when Belgium minted the world's first Ecu coin.
+    But economists say members such as West Germany have so far
+blocked a second stage of development envisaged by the system's
+founding fathers, ex-West German Chancellor Helmut Schmidt and
+former French President Valery Giscard d'Estaing.
+    Under this phase, originally due to have started two years
+after the EMS was set up, decision-making was to have been
+transferred from national governments and central banks to an
+autonomous European Monetary Fund.
+    But members have jealously guarded their sovereignty in
+economic and monetary matters. "The basic problem of the EMS is
+that governments are not prepared to make the quantum leap to a
+situation where certain decisions are taken in common," said one
+economist who has closely watched the system's development.
+    The result is that the EC is often divided over policy on
+third currencies, accentuating what the economists say is the
+system's greatest weakness, its vulnerability to a weak dollar.
+    Over the past 18 months, as the U.S. Dollar plunged and
+investors moved into strong currencies, the resulting sharp
+rise of the West German mark severely strained the system.
+    Another frustration has been Britain's failure to lend the
+EMS political support by keeping the pound, still a major world
+currency, outside the system.
+    No change in the British government's attitude is expected
+before the country's next general elections, due by mid-1988.
+    Meanwhile, the system's last realignment, the 11th since it
+was set up, prompted European finance ministers to ask the EC's
+highly-secretive Monetary Committee and Committee of Central
+Bank Governors to come up with suggestions for reinforcing it.
+    Their ideas are due to be unveiled when finance ministers
+hold an informal meeting in Belgium early next month.
+    But economists said the proposals are unlikely to involve
+more than tinkering with technical details. They are sceptical
+about the chances for any fundamental change.
+    "Technical measures won't be enough to protect the EMS
+against external factors such as dollar weakness. For that we
+must take the step forward to the institutional level," said Leo
+de Corel of Kredietbank's economic research department.
+    Economists say the system's fortunes now will depend
+largely on the success of an agreement last month among major
+industrial nations to stabilise exchange rates. If the dollar
+resumes its slide the EMS could be in for more turbulence, they
+predict.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10308" NEWID="5395">
+<DATE>16-MAR-1987 10:56:09.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2351&#31;reute
+r f BC-indal-unit-has   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDAL UNIT HAS CARIBBEAN WIND TURBINE CONTRACT</TITLE>
+<DATELINE>    TORONTO, March 16 - </DATELINE><BODY>&lt;Indal Ltd>'s wholly owned Indal
+Technologies Inc said it received a contract to design,
+manufacture and install a 50 kilowatt Vertical Axis Wind
+Turbine on Grand Trunk Island in the Caribbean.
+    The wind turbine project is supported by Canadian
+International Development Agency, Turks and Caicos Utilities
+and the Turks and Caicos government, the company said. Value of
+the contract was not disclosed.
+    The 65 foot high wind turbine is expected to be in use by
+May, 1987 and will generate about 65 megawatt hours of
+electricity a year, Indal said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10309" NEWID="5396">
+<DATE>16-MAR-1987 10:56:16.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2352&#31;reute
+d f BC-INTERMAGNETICS-GENERA   03-16 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERMAGNETICS GENERAL &lt;INMA> COMPLETES BUY</TITLE>
+<DATELINE>    GUILDERLAND, N.Y., March 16 - </DATELINE><BODY>Intermagnetics General Corp
+said it completed the purchase of the advanced products
+department of Air Products and Chemicals Inc &lt;APD>.
+    Terms were not disclosed.
+    The department, which makes cryogenic equipment, will
+continue operating at its present location in Allentown, Pa.,
+the company said. It will market its products as APD Cryogenics
+Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10310" NEWID="5397">
+<DATE>16-MAR-1987 10:56:25.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2353&#31;reute
+d f BC-CLEVITE-&lt;CLEV>-FORMS   03-16 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLEVITE &lt;CLEV> FORMS JOINT VENTURE</TITLE>
+<DATELINE>    GLENVIEW, ILL., March 16 - </DATELINE><BODY>Clevite Industries Inc said it
+agreed in principle to form a joint venture company with
+Bridgestone Corp of Tokyo.
+    Based in Milan, Ohio, the joint venture company,
+Clevite-Bridgestone Co, will manufacture and sell
+rubber-to-metal products for the automotive industry in the
+United States, Canada and Mexico.
+    Initially, it said the new company will manufacture
+products in Clevite's existing Angola, Ind. plant.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10311" NEWID="5398">
+<DATE>16-MAR-1987 10:56:34.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T
+&#22;&#22;&#1;f2354&#31;reute
+d f BC-ITALY'S-FERRUZZI-TAKE   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S FERRUZZI TAKES OVER SPANISH MILL</TITLE>
+<DATELINE>    MADRID, March 16 - </DATELINE><BODY>Italy's Ferruzzi SpA has taken a 67 pct
+stake in Spanish sunflower seed and cotton mill Cooperativa
+Agricola del Guadalete SA (GUADALCO), sources at GUADALCO said.
+    The Italian firm's Spanish subsidiary, Ferruzzi Espana SA,
+took the majority equity stake, with the remaining 33 pct
+retained by GUADALCO.
+    Ferruzzi plans to set up a sugar division and import some
+30,000 tonnes of industrial sugar from its French factories in
+its first year of operation.
+    GUADALCO has a processing capacity of 250 tonnes a day of
+sunflower seeds and 12,000 tonnes a day of raw cotton.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10312" NEWID="5399">
+<DATE>16-MAR-1987 10:56:55.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2356&#31;reute
+r f BC-AMEX-ADDS-WYSE-TECHNO   03-16 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX ADDS WYSE TECHNOLOGY &lt;WYSE> OPTIONS</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>The &lt;American Stock Exchange> said it
+has started put and call option trading in the common stock of
+Wyse Technology, with initial expiration months of April, July
+and October and position and exercise limits of 5,500 contracts
+on the same side of the market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10313" NEWID="5400">
+<DATE>16-MAR-1987 11:00:39.37</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f2366&#31;reute
+r f BC-CCC-ACCEPTS-BID-FOR-D   03-16 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS BID FOR DAIRY CATTLE TO KUWAIT</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has accepted a bid for an export bonus to cover the sale
+of 380 head of dairy cattle to Kuwait, the U.S. Agriculture
+Department said.
+    The dairy cattle are for shipment on or before May 31,
+1987, it said.
+    The bonus of 1,465.00 dlrs per head was made to American
+Marketing Services, Inc, and will be paid in the form of
+commodities from the CCC inventory, it said.
+    An additional 761 head of dairy cattle are still available
+to Gulf countries (kuwait, Bahrain, Oman, Qatar and the United
+Arab Emirates under the Export Enhancement Program initiative
+announced October 30, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10314" NEWID="5401">
+<DATE>16-MAR-1987 11:02:38.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2376&#31;reute
+r f BC-ITT-&lt;ITT>-OFFERS-LONG   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT &lt;ITT> OFFERS LONG DISTANCE WATS SERVICE</TITLE>
+<DATELINE>    SECAUCUS, N.J., March 16 - </DATELINE><BODY>ITT Corp said its long distance
+unit is offering WATS telephone service for its customers.
+    The service is designed for customers with more than 500
+dlrs in monthly telephone bills, the company said.
+    The company said customers will save up to 15 pct over a
+similar service offered by American Telephone and Telegraph Co
+&lt;T>. ITT is also waiving the 50 dlr per line installation fee
+for new or existing subscribers through March 31.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10315" NEWID="5402">
+<DATE>16-MAR-1987 11:03:11.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2381&#31;reute
+r f BC-&lt;AMERICAN-HOECHST-COR   03-16 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AMERICAN HOECHST CORP> YEAR NET</TITLE>
+<DATELINE>    SOMERVILLE, N.J., March 16 -
+    </DATELINE><BODY>Net 38 mln vs 5.7 mln
+    Revs 1.71 billion vs 1.69 billion
+    NOTE: Fully owned subsidiary of Hoechst AG.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10316" NEWID="5403">
+<DATE>16-MAR-1987 11:04:45.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2389&#31;reute
+r f BC-NEWS-CORP-&lt;NWS>-UNIT   03-16 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWS CORP &lt;NWS> UNIT TO OFFER STOCK REDEMPTION</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>News Corp's Fox Television Stations
+said it will redeem 230,000 shares of increasing rate
+exchangeable guaranteed preferred stock from holders of record
+on April 1.
+    Fox said the offer represents 50 pct of preferred shares
+currently outstanding.
+    The preferred stock will be redemmed for 1,000 dlrs per
+share plus an accrued dividend of 5.83 dlrs per share, the
+company said.
+    On completion of the redemption, 230,000 shares of
+preferred stock will remain outstanding, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10317" NEWID="5404">
+<DATE>16-MAR-1987 11:06:38.80</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2402&#31;reute
+b f BC-/-FED-EXPECTED-TO-SET   03-16 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO SET CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>The Federal Reserve is expected to
+intervene in the government securities market to add reserves
+via two to 2.5 billion dlrs of customer repurchase agreements,
+economists said.
+    Economists said the Fed will inject temporary reserves
+indirectly to offset pressure on the Federal funds rate
+associated with quarterly corporate tax payments to the
+Treasury department.
+    Fed funds opened at 6-1/4 pct and remained at that level
+late this morning. Friday funds averaged 6.05 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10318" NEWID="5405">
+<DATE>16-MAR-1987 11:07:00.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f2403&#31;reute
+u f AM-REAGAN   03-16 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN PROBERS AGREE ON IMMUNITY FOR POINDEXTER</TITLE>
+<AUTHOR>    By Michael Posner</AUTHOR>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Congressional investigators of the
+Iran-contra scandal have tentatively agreed to grant immunity
+from prosecution to a star witness --President Reagan's former
+national security adviser John Poindexter, congressional
+sources said today.
+    Sources told Reuters the chief counsels of the two special
+committees probing the two-year episode that has darkened the
+White House image plan to take their preliminary accord to
+court-appointed special prosecutor Lawrence Walsh, possibly
+today or tomorrow.
+    The tentative accord follows weeks of negotiating with
+Walsh and with committee members.
+   Poindexter would be the highest ranking official to be
+granted immunity in the investigations of the 1985-1986 arms
+sales to Iran to gain release of hostages held in Lebanon and
+the clandestine shifting of arms profits to arm U.S.-backed
+rebels in Nicaragua, at a time aid would have been illegal.
+    If the agreement --reached on Friday by Arthur Liman and
+John Nields, chief legal advisors of the Senate and House
+committees respectively --is ratified as expected by Walsh and
+the full committees, closed door interviews could be held with
+Poindexter in two months with public testimony in about 90 days
+or mid June, sources said.
+    "They have tentatively reached an agreement and are supposed
+to meet with Walsh or his deputies," a source told Reuters of
+the deliberations by the two chief counsels
+    Sources said Poindexter could assist investigators
+determine what Reagan knew about the diversion of funds from
+arms sales to Iran to rebels in Nicaragua, if anything.
+    Reagan has denied knowing about the shift of funds although
+he has admitted he gave orders to sell arms through Israel in
+either August or after the first shipment in September 1985,
+but can't remember when. Congress was kept in the dark about
+the affair until last autumn.
+    "He will be a credible witness," one source said of the
+pipe-smoking Poindexter. 
+    Besides Reagan's knowledge, or lack of it, another key
+unanswered questions lingering from earlier congressional
+investigators and a special presidential review board, is who
+received  millions of dollars from clandestine arms profits.  
+    So far the money trail uncovered by probers stops at secret
+Swiss and Cayman Islands bank accounts.
+    The committees have been privately negotiating with Walsh
+over the immunity matter, and the prosecutor, also called an
+independent counsel, has been urging the committees to hold off
+on their request for at least 90 days.
+    Under the tentative accord, the wishes of Walsh could be
+met since public testimony is not expected before 90 days.
+    Poindexter, a Navy vice admiral, along with his fired
+deputy at the National Security Council, Marine Lt. Col. Oliver
+North, have refused to testify before investigators,
+claiming their fifth amendment rights against self
+incrimination.
+    Yesterday, Vice President George Bush said in a a
+television interview that he disagreed with Maureen about court
+martials, but he too disclaimed any details of diverted funds.
+    So far, granting immunity to compel testimony from
+reluctant witnesses has been granted to five persons--with the
+key figure so far, shadowy California international arms
+merchant Albert Hakim.
+    Also, getting immunity has been North's attractive personal
+secretary, Fawn Hall, who was said to have assisted North in
+shredding documents in his White House basement office after
+the scandal broke.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10319" NEWID="5406">
+<DATE>16-MAR-1987 11:09:14.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2408&#31;reute
+u f BC-U.S.-VIDEO-VENDING-&lt;V   03-16 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. VIDEO VENDING &lt;VVCO> MAY FILE BANKRUPTCY</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>U.S. Video Vending Corp said it may
+have to file for protection under bankruptcy laws if &lt;Hill
+International Inc> does not grant U.S. Video's request not to
+call a loan due.
+    The company said it has asked Hill for forebearance over
+the weekend and again this morning, and if its request is not
+granted, it expects to make the bankruptcy filing today.
+    U.S. Video also said it has reached a preliminary agreement
+to acquire Texas Automatic Sprinkler Corp from Mills-Jennings
+Co &lt;JKPT> for an undisclosed amount of stock, subject to
+approval by U.S. Video shareholders and Hill agreeing not to
+call the loan by 1100 EST today.
+    Texas Sprinkler had sales of about 15 mln dlrs for the year
+ended November 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10320" NEWID="5407">
+<DATE>16-MAR-1987 11:10:01.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2414&#31;reute
+r f BC-LEVITT-CORP-&lt;LVT>-4TH   03-16 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEVITT CORP &lt;LVT> 4TH QTR NET</TITLE>
+<DATELINE>    BOCA RATON, March 16 -
+    </DATELINE><BODY>Oper shr 42 cts vs 11 cts
+    Oper net 1,433,000 vs 382,000
+    Revs 38.6 mln vs 20.1 mln
+    Year
+    Oper shr 60 cts vs 49 cts
+    Oper net 2,033,000 vs 1,682,000
+    Revs 90.4 mln vs 73.0 mln
+    NOTE: 1985 4th qtr and year excludes extraordinary credit
+of 349,000 dlrs or 11 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10321" NEWID="5408">
+<DATE>16-MAR-1987 11:14:07.08</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2424&#31;reute
+u f BC-/EEP-SHOULD-BE-USED-T   03-16 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EEP SHOULD BE USED TACTICALLY, YEUTTER SAYS</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said the Export Enhancement Program, EEP, should be
+used as a "tactical tool" and not as a general policy.
+    Yeutter made the comment in response to a question whether
+the U.S. should expand the EEP to cover grain sales to the
+Soviet Union.
+    He did not comment directly on the Soviet question,
+replying that any decision would be made at the highest levels
+of the Reagan administration, and "I don't want to preempt that."
+    Yeutter told the National Grain and Feed Association EEP
+should continue to be used as a tactical tool against the
+European Community but not as a general policy. He said
+selective EEP use has been successful in pressuring the E.C.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10322" NEWID="5409">
+<DATE>16-MAR-1987 11:16:40.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2435&#31;reute
+r f BC-NATIONAL-PIZZA-&lt;PIZA>   03-16 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL PIZZA &lt;PIZA> CORRECTS FIGURE</TITLE>
+<DATELINE>    PITTSBURG, Kan., March 16 - </DATELINE><BODY>National Pizza Co said the
+seven Straw Hat Piza restaurants in Los Angeles and
+Bakersfield, Calif., that it announced plans to buy Friday are
+expected to generate annual sales of about 3,800,000 dlrs, not
+the eight mln dlrs the company originally announced.
+    The company said it will convert the restaurants to Pizza
+Hut units.  Closing is expected around March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10323" NEWID="5410">
+<DATE>16-MAR-1987 11:18:23.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2441&#31;reute
+h f BC-TBG-HOLDINGS-N.V.-&lt;TG   03-16 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TBG HOLDINGS N.V. &lt;TGBN.AS> 1986 YEAR NET</TITLE>
+<DATELINE>    AMSTELVEEN, Netherlands, March 16 -
+    </DATELINE><BODY>Net profit 34 mln dlrs vs 43 mln dlrs.
+    Turnover 1.82 billion dlrs vs 1.83 billion.
+    NOTE: Company lowered to nine pct from 13.5 pct interest
+rate on outstanding subordinated loan for period august 1,
+1987, to July 31, 1988.
+    TBG, formerly known as &lt;Thyssen-Bornemisza Group>, reports
+in dlrs since December 1, 1984, the start of the 1985 financial
+year.
+    TBG said the decline in profits was mainly caused by losses
+in container rental activities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10324" NEWID="5411">
+<DATE>16-MAR-1987 11:18:44.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2442&#31;reute
+r f BC-AVAQ-INTERNATIONAL-TO   03-16 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVAQ INTERNATIONAL TO SEEK COMMITMENT ON DEAL</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>&lt;AVAQ International Inc> said it
+intends to require Gates Learjet Corp &lt;GLJ> to honor its
+agreement to sell its shares to the company.
+    AVAQ said it made the statement in response to an offer by
+&lt;Interconnect Capital Corp> for all of Gates Learjet shares
+after what it believed to be an agreement by Gates to accept
+its offer.
+    AVAQ said it offered, pusuant to Gates' guidelines, six
+dlrs per share, plus the purchase of Gates Corp's promisary
+note for 23 mln dlrs.
+    Interconnect said it offered 7.07 dlrs per share, plus the
+repurchase of the loan for 13 mlns, for an aggregate price in
+the 95 mln dlr range. Interconnect said it made the offer to
+the board of directors of Gates Learjet on March 9.
+    AVAQ said Gates Corp and Gates Learjet approved its offer
+Feb 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10325" NEWID="5412">
+<DATE>16-MAR-1987 11:19:59.65</DATE>
+<TOPICS><D>money-fx</D><D>peseta</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2449&#31;reute
+u f BC-SPAIN-TO-RELAX-EXCHAN   03-16 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN TO RELAX EXCHANGE CONTROLS</TITLE>
+<DATELINE>    MADRID, March 16 - </DATELINE><BODY>The Bank of Spain is relaxing exchange
+controls to help put Spanish banks on an equal footing with
+European Community competitors by the 1993 deadline for the
+ending of restrictions, a central bank spokesman said.
+    "The measures to take effect by June were designed to lift
+restrictions on foreign currency operations, in line with
+deregulation in the banking industry," he said in a telephone
+interview.
+    The spokesman said the relaxation of exchange controls
+highlighted a broader package of reforms announced last Friday.
+    The central bank said in a statement the measures included
+increased provisions for high-risk borrowers and a provision
+for future pension fund obligations.
+    It said the measures were the latest steps to deregulate
+Spain's financial sector, a move triggered by entry into the
+Community last year.
+    Spain has five years to complete bank deregulation, a
+process that began in 1978 when the government allowed foreign
+banks to open branches.
+    Since then 39 foreign banks have come into the market and
+they now control about 15 pct of the system's lending assets.
+    Residents in Spain can now borrow freely in foreign
+currency up to the equivalent of 1.5 billion pesetas against a
+previous ceiling of 750 mln pesetas.
+    The 750 mln peseta limit was set last March. Between that
+date and the end of last year some 430 mln dlrs flowed into the
+country on new foreign currency loans.
+    The central bank spokesman said operations over 1.5 billion
+pesetas were technically subject to authorisation, but would be
+given clearance if the government failed to act in 15 days.
+    Spanish banks will also be allowed to expand their foreign
+currency funding, formerly obtainable through deposits, by
+issuing certificates of deposit, bonds and commercial paper.
+    They can also employ these funds to invest in foreign
+issues, while before they had to be converted into deposits.
+    Foreign exchange operations can be in mixed currencies,
+instead of having to borrow and lend in the same currency.
+    The central bank has also lifted the restriction on the
+amount of foreign exchange loans, which previously were limited
+to three times a bank's capital equity.
+    The latest deregulation measures were welcomed by most
+bankers, in contrast to rulings issued earlier this month which
+imposed a 19 pct reserve requirement on new convertible peseta
+funds held by banks and freed short term deposit rates.
+    The reserve requirement, which was already in place on
+normal peseta deposits, was intended to curb short-term foreign
+speculative capital which is entering the country and
+threatening the government's money supply growth target.
+    A foreign banker said high reserve requirements, which now
+account for about 30 pct of deposits, placed Spanish banks at a
+disadvantage with European competitors.
+    The government reduced fixed asset investment requirements
+to 11 pct from 23 pct to help offset the negative impact of
+interest rate deregulation. "The real problem is the freeing of
+interest rates," the banker said. "This is going to take a big
+bite out of profits."
+    The ruling lifted a six pct ceiling on interest rates paid
+on deposits of up to 180 days.
+    The chairman of one of Spain's leading banks said the
+measure was expected to bring a 20 pct drop in profits this
+year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10326" NEWID="5413">
+<DATE>16-MAR-1987 11:24:43.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2473&#31;reute
+r f BC-RYAN-HOMES-&lt;RYN>-CALL   03-16 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RYAN HOMES &lt;RYN> CALLS DEBENTURES</TITLE>
+<DATELINE>    PITTSBURGH, March 16 - </DATELINE><BODY>Ryan Homes Inc, controled by NV
+Homes LP &lt;NVH>, said it has called for redemption on April 30
+all 873,000 dlrs of its six pct convertible subordinated
+debentures due 1991 at 1,000 dlrs pluys 19.83 dlrs in accrued
+interest per 1,000 dlrs principal amount.
+    The debentures are convertible through April 28 into Ryan
+common stock at 30.50 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10327" NEWID="5414">
+<DATE>16-MAR-1987 11:24:53.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2474&#31;reute
+r f BC-STANDARD-PRODUCTS-CO   03-16 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD PRODUCTS CO &lt;STD> RAISES QUARTERLY</TITLE>
+<DATELINE>    CLEVELAND, March 16 -
+    </DATELINE><BODY>Qtly div 20 cts vs 16 cts prior
+    Pay April 24
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10328" NEWID="5415">
+<DATE>16-MAR-1987 11:25:22.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2477&#31;reute
+r f BC-AARON-SPELLING-PRODUC   03-16 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AARON SPELLING PRODUCTIONS INC &lt;SP> 2ND QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 16 - </DATELINE><BODY>Jan 31 end
+    Shr 31 cts vs 44 cts
+    Net 5,705,000 vs 8,101,000
+    Revs 50.6 mln vs 67.2 mln
+    1st half
+    Shr 63 cts vs 71 cts
+    Net 11.6 mln vs 13.2 mln
+    Revs 80.9 mln vs 105.2 mln
+    NOTE: Current half net includes 750,000 dlr charge from
+reorganization.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10329" NEWID="5416">
+<DATE>16-MAR-1987 11:25:37.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2479&#31;reute
+d f BC-COOPER-LASERSONICS-IN   03-16 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPER LASERSONICS INC &lt;ZAPS> 1ST QTR LOSS</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 16 - </DATELINE><BODY>Period ended January 31.
+    Shr loss 22 cts vs profit one ct
+    Net loss 4,700,000 vs profit 150,000
+    Sales 15.0 mln vs 16.7 mln
+    Avg shrs 21,538,000 vs 19,259,000
+    Note: Prior qtr figures include gain of 1.1 mln dlrs, or
+six cts per share, from discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10330" NEWID="5417">
+<DATE>16-MAR-1987 11:26:14.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2480&#31;reute
+u f BC-DIVERSIFIED-INDUSTRIE   03-16 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIVERSIFIED INDUSTRIES &lt;DEI> 1ST QTR OPER NET</TITLE>
+<DATELINE>    ST. LOUIS, March 16 - </DATELINE><BODY>Period ended Jan 31
+    Oper shr two cts vs eight cts
+    Oper net 96,000 vs 449,000
+    Sales 37.6 mln vs 35.8 mln
+    Avg shrs 5,317,900 vs 5,689,277
+    NOTE: Full name is Diversified Industries Inc
+    Earnings exclude gains from utilization of tax loss
+carryforwards of 62,000 dlrs, or one ct a share vs 358,000
+dlrs, or six cts a share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10331" NEWID="5418">
+<DATE>16-MAR-1987 11:26:18.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2481&#31;reute
+f f BC-******S/P-DOWNGRADES   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P DOWNGRADES DENMARK'S 17.6 BILLION U.S. DLRS OF LONG-TERM EXTERNAL DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10332" NEWID="5419">
+<DATE>16-MAR-1987 11:27:44.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2487&#31;reute
+u f BC-AMSTERDAM-LAUNCHES-30   03-16 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMSTERDAM LAUNCHES 300 MLN GUILDER CP PROGRAM</TITLE>
+<DATELINE>    AMSTERDAM, March 16 - </DATELINE><BODY>The city of Amsterdam launched a 300
+mln guilder commercial paper program in the Dutch market, lead
+manager Amsterdam-Rotterdam Bank NV said.
+    The issue has denominations of one mln guilders and
+maturities ranging from two weeks to one year. Clearing and
+delivery is through the facilities of the Dutch central bank.
+    Amsterdam is the third Dutch municipality to use a
+commercial paper program as credit facility. The Hague and
+Rotterdam preceded with programs arranged by Algemene Bank
+Nederland NV &lt;ABNN.AS>. Details of the first tranche of the
+program are still unknown.
+    "At the moment, commercial paper is a cheaper form of credit
+than the traditional "kasgeldleningen'," said Amsterdam's
+financial alderman Walter Etty after signing the contract.
+Current regulations allowed the city to acquire only half of
+its short term borrowing requirement with CPs, he added.
+    Kasgeldleningen or short term advances are a widely used
+instrument in the Dutch market which has faced competition from
+CPs since the Finance Ministry approved them in January 1986.
+    "CPs and CDs are currently slightly cheaper than traditional
+credit lines for promotional reasons," Amro board member Dick
+Meys told journalists at the signing ceremony.
+    Despite the lower cost to borrowers, the Dutch market for
+commercial paper and certificates of deposits is growing only
+slowly in the face of the well-developed kasgeld market and
+institutional investors have hardly discovered this instrument,
+Meys said.
+    Foreign interest in guilder CPs and CDs is almost
+non-existent due to the strong position of the guilder, but
+Amro's London-based subsidiary EBC Amro Bank Ltd joined the
+syndicate in case such interest emerges, Meys said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10333" NEWID="5420">
+<DATE>16-MAR-1987 11:29:05.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2491&#31;reute
+b f BC-161125-******S/P-DOWN   03-16 0014</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+161125******S/P DOWNGRADES DENMARK'S 17.6 BILLION U.S. DLRS OF
+LONG-TERM EXTERNAL DEBT
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10334" NEWID="5421">
+<DATE>16-MAR-1987 11:29:50.35</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2493&#31;reute
+r f BC-HOECHST-CELANESE-SETS   03-16 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOECHST CELANESE SETS EXPANSION PROGRAM</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Hoechst AG's &lt;HFAG.F> U.S. unit,
+Hoechst Celanese Corp, said it has begun projects that will
+cost more than 150 mln dlrs.
+    The unit was formed last month when Hoechst completed the
+acquisition of Celanese for 2.84 billion dlrs.
+    The company said it will expand its Sanwet super absorbent
+polymers unit and its acrylic acid facility. It also said it
+plans an acetaminophen production plant at Bishop, Texas.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10335" NEWID="5422">
+<DATE>16-MAR-1987 11:30:35.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2496&#31;reute
+u f BC-GOLDEN-NUGGET-INC-&lt;GN   03-16 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDEN NUGGET INC &lt;GNG> 4TH QTR LOSS</TITLE>
+<DATELINE>    LAS VEGAS, March 16 -
+    </DATELINE><BODY>Oper shr loss 20 cts vs loss 19 cts
+    Oper net loss 7,001,000 vs loss 6,761,000
+    Revs 93.0 mln vs 90.6 mln
+    Avg shrs 35.2 mln vs 34.8 mln
+    Year
+    Oper shr profit 10 cts vs profit 65 cts
+    Oper net profit 3,419,000 vs profit 22.6 mln
+    Revs 381.7 mln vs 385.0 mln
+    Avg shrs 33.8 mln vs 34.9 mln
+    NOTE: Net excludes debt retirement gain 2,001,000 dlrs vs
+loss 316,000 dlrs in quarter and losses 15.9 mln dlrs vs
+1,714,000 dlrs in year.
+    1986 net includes tax crdits of 2,942,000 dlrs in quarter
+and 2,729,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10336" NEWID="5423">
+<DATE>16-MAR-1987 11:31:06.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2498&#31;reute
+r f BC-OPPENHEIMER-INDUSTRIE   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPPENHEIMER INDUSTRIES &lt;OPP> SEES YEAR LOSS</TITLE>
+<DATELINE>    KANSAS CITY, March 16 - </DATELINE><BODY>Oppenheimer Industries Inc said it
+expects to report a loss for the year ended January 31 of about
+980,000 dlrs, compared with a profit of 211,074 dlrs a year
+before.
+    The company blamed the loss on the continuing depression in
+agriculture, the discontinuance of several programs due to the
+passage if the 1986 tax bill and the failure to close the sale
+of four ranches in the California Carrizo Plains during the
+year as expected.
+    The company said the prospective purchaser forfieted a
+500,000 dlr deposit  It said it is in talks on a new contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10337" NEWID="5424">
+<DATE>16-MAR-1987 11:33:33.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2506&#31;reute
+b f BC-BFCE-ISSUES-THREE-BIL   03-16 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BFCE ISSUES THREE BILLION FRANC DOMESTIC BOND</TITLE>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>Banque Francaise du Commerce Exterieur is
+issuing a three billion franc, 8.50 pct, 11 years and 302 days
+domestic bond with warrants at an issue price of 96.42 pct,
+lead manager Banque Nationale de Paris said.
+    The 600,000 bonds of a nominal 5,000 francs are identical
+to those of the BFCE five billion franc 8.50 pct January 1987
+issue, bringing the total of the issue to eight billion francs.
+    Interest will be paid for the first time on February 2,
+1988, and on the same date of each subsequent year. Redemption
+will be in three tranches on February 2, 1997, 1998 and 1999.
+    Each bond will carry a warrant and two warrants will give
+the right to subscribe to an 8.50 pct nominal bond between
+December 22, 1987 and January 22, 1988.
+    The exercise price of the subscription warrants will be 99
+pct. BNP said that if all the warrants were utilised, the total
+of the January 1987 issue would rise to 8.5 billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10338" NEWID="5425">
+<DATE>16-MAR-1987 11:33:48.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2508&#31;reute
+u f BC-/S/P-DOWNGRADES-KINGD   03-16 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P DOWNGRADES KINGDOM OF DENMARK</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded to AA from AA-plus the Kingdom of Denmark's
+long-term external debt.
+    The action affects the equivalent of 17.6 billion U.S. dlrs
+of debt.
+    S and P cited Denmark's weakened external competitiveness,
+saying it contributed to a steady deterioration of the
+country's current account balance and a substantial rise in its
+external debt burden.
+    Net foreign debt increased to 129 pct of total exports in
+1986 from 83 pct in 1983, S and P pointed out.
+    Standard and Poor's said that while it expects lower
+imports and current account imbalances this year, rising labor
+costs should further weaken Denmark's competitiveness.
+    However, S and P said its downgrade did not affect the
+A-1-plus short-term debt rating of Denmark or its wholly owned
+Danish Oil and Natural Gas.
+    Similarly, the AA ratings on the long-term debt obligations
+of Copenhagen County Authority and I/S Elsam were affirmed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10339" NEWID="5426">
+<DATE>16-MAR-1987 11:34:58.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2518&#31;reute
+r f BC-LUBY'S-CAFETERIAS-INC   03-16 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUBY'S CAFETERIAS INC &lt;LUB> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, March 16 -
+    </DATELINE><BODY>Shr 31 cts vs 26 cts
+    Net 5,645,000 vs 4,737,000
+    Sales 55.2 mln vs 50.6 mln
+    1st half
+    Shr 60 cts vs 53 cts
+    Net 10.9 mln vs 9,659,000
+    Sales 110.4 mln vs 102.2 mln
+    NOTE: Current year net both periods includes 474,000 dlr
+gain from land sale.
+    Share adjusted for three-for-two split in August 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10340" NEWID="5427">
+<DATE>16-MAR-1987 11:35:50.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2522&#31;reute
+b f -S-enate-budget   03-16 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE, HOUSE BUDGET CHIEFS AGREE ON TAX</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The chairmen of the House and Senate
+Budget Committees are in general accord on the need to cut the
+federal budget deficit by about 36 billion dlrs, half through
+new revenues, congressional sources said.
+    The sources told Reuters Senate Budget Committee Chairman
+Lawton Chiles, a Florida Democrat, believes that it would be
+necessary to raise "at least" 18 billion dlrs in higher
+revenues--the same being proposed by House Budget Committee
+Chairman William Gray, a Pennsylvania Democrat.
+    The Senate committee will hold its first drafting session
+on a budget tomorrow, the House group later in the week.
+    Both sides want to meet a congressional target of April 15
+for congressional approval of a new budget. However, the
+Congressional Budget Office said that a deficit cut of 36
+billion dlrs will fail to reach the Gramm-Rudman budget law
+goal of a 108 billion dlr deficit and would fall 27 billion
+dlrs short. 
+    President Reagan's budget, not accepted by either
+committee, proposed about 36 billion dlrs in deficit
+reductions--including some 22 billion dlrs in new revenues
+through asset sales and excise fees--off of an estimated
+deficit base of 144 billion dlrs.
+    Reagan said his budget hits the Gramm-Rudman goal for 1988
+but the Congressional Budget Office said it is way off the mark
+with over optimistic economic assumptions.
+    Currently, there are discussions underway by House and
+Senate committees to redefine the fixed Gramm-Rudman targets
+for more realistic levels that can be reached, which would push
+off by a year or two the 1991 goal for a balanced budget,
+sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10341" NEWID="5428">
+<DATE>16-MAR-1987 11:37:02.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2531&#31;reute
+r f BC-GM-&lt;GM>,-PPG-&lt;PPG>-SI   03-16 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM>, PPG &lt;PPG> SIGN AUTO PAINT PACT</TITLE>
+<DATELINE>    LANSING, Mich., March 16 - </DATELINE><BODY>General Motors Corp and PPG
+Industries Inc announced jointly that they had signed an
+agreement that will give PPG responsibility for operating the
+paint shop in GM's Buick Reatta Craft Center here.
+    The Reatta is a two-seat luxury car that will be introduced
+in the spring of 1988, said GM.
+    The companies described the agreement as an arrangement
+aimed at integrating GM's auto production expertise with PPG's
+coatings expertise.
+    Under the agreement, PPG's and GM's paint operating staff
+at the center will be consolidated under the PPG area manager.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10342" NEWID="5429">
+<DATE>16-MAR-1987 11:37:17.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2533&#31;reute
+d f BC-TESCO-FORECASTS-PROFI   03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TESCO FORECASTS PROFITS RISE THIS YEAR</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Tesco Plc &lt;TSCO.L> said in a statement
+it expects pre-tax profits of 166 mln stg for the year ending
+February 28, 1987, before nine mln stg of net property profits.
+This compares with 122.9 mln stg pretax profits and a net 8.1
+mln on property sales the previous year. It said the forecast
+was in its formal offer document sent to &lt;Hillards Plc>
+shareholders today.
+    On March 10 Tesco launched a 151.4 mln stg bid for
+Hillards. The offer, of 13 new Tesco ordinary shares for every
+20 Hillards ordinary shares, valued each Hillards ordinary
+share at 305.5p.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10343" NEWID="5430">
+<DATE>16-MAR-1987 11:37:22.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2534&#31;reute
+d f BC-ADDISON-WESLEY-&lt;ADSN>   03-16 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADDISON-WESLEY &lt;ADSN> LICENSES SOFTWARE PRODUCT</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 16 - </DATELINE><BODY>&lt;MathSoft Inc> said it
+licensed its PC-based software for mathematical analysis and
+numerical calculations to Addison-Wesley Publishing Co.
+    Addison-Wesley will market the product, a student edition
+of MathCAD, to universities and colleges in April 1987. It will
+cost less than 50 dlrs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10344" NEWID="5431">
+<DATE>16-MAR-1987 11:37:31.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2535&#31;reute
+r f BC-BUSINESS-COMPUTER-&lt;BC   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUSINESS COMPUTER &lt;BCSI> HAD 4TH QUARTER PROFIT</TITLE>
+<DATELINE>    MIAMI, March 16 - </DATELINE><BODY>Business Computer Solutions Inc said it
+expects to report a profit for the fourth quarter ended
+February 28 -- its first quarterly profit ever -- of about
+175,000 dlrs on revenues of about 750,000 dlrs.
+    A year before, it lost 217,852 dlrs on sales of 469,274
+dlrs.  The company attributed the improved results to increased
+purchases of its ZFOUR language and development environment for
+computer software.
+    Business Computer said it expects to report a full-year
+loss of about 500,000 dlrs on sales of about 2,100,000 dlrs.
+Last year it lost 1,079,000 dlrs on revenues of 720,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10345" NEWID="5432">
+<DATE>16-MAR-1987 11:37:45.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2536&#31;reute
+r f BC-GERMAN-BOURSE-TURNOVE   03-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BOURSE TURNOVER TAX DECISION ANGERS BANKS</TITLE>
+<DATELINE>    BONN, March 16 - </DATELINE><BODY>The failure of the West German government
+to abolish a tax on bourse turnover when other taxes came under
+discussion during recent coalition negotiations was a "bitter
+disappointment," the president of the West German Federation of
+Banks, Hanns Christian Schroeder-Hohenwarth, said.
+    Schroeder-Hohenwarth told a news conference that, contrary
+to numerous assurances from the government, the abolition of
+the turnover tax had not been touched upon.
+    "This must not be allowed to be the last word. Otherwise a
+major chance for West Germany as a financial centre will have
+been missed," he said.
+    After the January 25 election the government decided upon a
+reform of the West German tax system, involving gross tax cuts
+of 44 billion marks, which would be implemented in 1990.
+    In line with a pledge made by Bonn at the February monetary
+conference in Paris, the government said earlier this month
+part of the planned tax cuts would be effective next year.
+    Government sources have said the fact the latest coalition
+discussions did not touch upon the bourse turnover tax does not
+necessarily rule out the possibility that it could be abolished
+later in the current four-year legislative period.
+    The bourse turnover tax, levied on securities trades where
+an end-investor is involved, generated government revenue of
+some 750 mln marks in 1986, according to the Finance Ministry.
+    Schroeder-Hohenwarth said there were no fiscal reasons for
+maintaining the tax because companies would benefit from its
+abolition. Their earnings would increase and the government
+would receive more in profits tax.
+    Wolfgang Roeller, chief executive of Dresdner Bank AG, said
+the bourse tax decision did not fit into the general background
+of liberalisation of the German capital market, and represented
+a weakening of West Germany as a financial centre.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10346" NEWID="5433">
+<DATE>16-MAR-1987 11:39:52.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2542&#31;reute
+h f BC-PLESSEY-WINS-TEN-MLN   03-16 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLESSEY WINS TEN MLN STG PAYPHONE ORDERS</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The Plessey Co Plc &lt;PLYL.L> said it won
+initial orders for more than 10 mln stg for "intelligent' coin
+and cashless payphones from seven European telephone
+administrations. The major orders were from Sweden's
+&lt;Televerket>, Spain's &lt;Telefonica SA> and British
+Telecommunications Plc &lt;BTY.L>.
+    It said that the Finnish PTT had also invited the company
+to install a field trial for Finland.
+    Sales executive Peter Findlay told reporters that Plessey
+was negotiating on further contracts with several other
+countries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10347" NEWID="5434">
+<DATE>16-MAR-1987 11:41:39.02</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2549&#31;reute
+f f BC-******FED-SAYS-IT-SET   03-16 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS IT SETS THREE-DAY SYSTEM REPURCHASE AGREEMENTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10348" NEWID="5435">
+<DATE>16-MAR-1987 11:42:32.10</DATE>
+<TOPICS><D>acq</D><D>copper</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2554&#31;reute
+r f BC-MIM-TO-ACQUIRE-STAKE   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIM TO ACQUIRE STAKE IN GERMAN COPPER PRODUCER</TITLE>
+<DATELINE>    FRANKFURT, March 16 - </DATELINE><BODY>Mount Isa Mines Holding Ltd plans to
+acquire a 30 pct stake in Europe's largest primary copper
+producer, Norddeutsche Affinerie AG, a spokesman for
+Metallgesellschaft AG said.
+    MIM intends to take Preussag AG's total 20 pct share in the
+copper producer in exchange for some three pct of MIM's share
+capital. MIM will also take another 10 pct now held by Degussa
+AG, reducing Degussa's share to 30 pct from 40.
+Metallgesellschaft's share will remain at 40 pct.
+    The move is subject to approval of the federal cartel
+office and supervisory boards of the companies involved.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10349" NEWID="5436">
+<DATE>16-MAR-1987 11:43:48.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2562&#31;reute
+r f BC-magna-creates-new   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGNA &lt;MAGAF> CREATES NEW COSMA UNIT</TITLE>
+<DATELINE>    TORONTO, March 16 - </DATELINE><BODY>Magna International Inc said it created
+a new wholly owned unit, Cosma International Inc, to design,
+develop and coordinate production from Magna's 27 auto part
+stamping and related facilities in Canada and the United
+States.
+    Cosma is expected to have 1987 sales of more than 400 mln
+dlrs and the company projects future sales will "increase very
+rapidly," a Magna spokesman said. Cosma will also raise its own
+capital through an equity issue in about 18 months, spokesman
+Jerry Barker said, responding to a query. Terms of the issue
+have not been set, he added.
+    Magna said it established the Cosma unit to make the
+company's extensive stamping operations more responsive to the
+needs of North American automakers.
+    The Cosma unit will be centered on its Bramalea, Ontario
+stamping facility, which manufactures car bodies for American
+Motors Corp &lt;AMO>'s Premier model.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10350" NEWID="5437">
+<DATE>16-MAR-1987 11:43:59.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2563&#31;reute
+r f BC-J.W.-MAYS-INC-&lt;MAYS>   03-16 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.W. MAYS INC &lt;MAYS> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    BROOKLYN, N.Y., March 16 -
+    </DATELINE><BODY>Shr 2.27 dlrs vs 74 cts
+    Net 4,945,989 vs 1,612,624
+    Revs 28.2 mln vs 27.9 mln
+    Six mths
+    Shr 1.57 dlrs vs three cts
+    Net 3,417,659 vs 73,614
+    Revs 47.0 mln vs 46.8 mln
+    NOTE: Current periods include pretax gain of 4.3 mln dlrs
+from sale of leasehold of Glen Oaks store in Queens, N.Y. and
+gain of 1.9 mln dlrs from benefit of tax loss carryforwards.
+    Year-ago six mths includes gain of 95,988 dlrs from refund
+of prior year's real estate taxes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10351" NEWID="5438">
+<DATE>16-MAR-1987 11:44:58.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2569&#31;reute
+r f BC-CIRCUS-CIRCUS-ENTERPR   03-16 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRCUS CIRCUS ENTERPRISES &lt;CIR> 4TH QTR NET</TITLE>
+<DATELINE>    LAS VEGAS, Nev., March 16 -
+    </DATELINE><BODY>Oper shr 16 cts vs 14 cts
+    Oper net 5,818,000 vs 5,284,000
+    Revs 88.2 mln vs 69.7 mln
+    Year
+    Oper shr 96 cts vs one dlr
+    Oper net 36,101,000 vs 37,375,000
+    Revs 374.0 mln vs 307.0 mln
+    Note: Current qtr and year figures exclude extraordinary
+losses on early debt retirement of 1.7 mln dlrs, or five cts
+per share and 7.9 mln dlrs, or 21 cts per share, respectively.
+    Full name Circus Circus Enterprises Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10352" NEWID="5439">
+<DATE>16-MAR-1987 11:45:51.33</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2573&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-16 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA THREE-DAY REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange three-day System
+repurchase agreements, a Fed spokesman said.
+    Dealers said that Federal funds were trading at 6-1/4 pct
+when the Fed began its temporary and direct supply of reserves
+to the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10353" NEWID="5440">
+<DATE>16-MAR-1987 11:46:25.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2579&#31;reute
+r f BC-NATIONAL-FUEL-GAS-CO   03-16 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL FUEL GAS CO &lt;NFG> SETS MAIL DATE</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>National Fuel Gas Co said its mail
+date for its previously-announced two-for-one stock split is
+June 19, 1987.
+    The company, which announced the split last week, had said
+the record date for the split is May 29, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10354" NEWID="5441">
+<DATE>16-MAR-1987 11:46:39.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2581&#31;reute
+d f BC-COMTECH-&lt;CMTL>-TO-SEL   03-16 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMTECH &lt;CMTL> TO SELL PREMIER MICROWAVE</TITLE>
+<DATELINE>    HAUPAUGE, N.Y., March 16 - </DATELINE><BODY>Comtech Inc said it agreed in
+principle to sell 95 pct of its outstanding shares in Premier
+Microwave Corp for seven mln dlrs.
+    It said the buyers include an investment group composed of
+the unit's management.
+    The company said it expects the sale to close in the next
+few weeks. Proceeds will be used to reduce debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10355" NEWID="5442">
+<DATE>16-MAR-1987 11:46:59.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2582&#31;reute
+u f BC-PUROLATOR   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRMS HAVE 5.9 PCT OF PUROLATOR &lt;PCC></TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>A group of affiliated New York-base
+investment firms and funds told the Securities and Exchange
+Commission they have acquired 453,300 shares of Purolator
+Courier Corp, or 5.9 pct of the total outstanding.
+    The group, led by Mutual Shares Corp, said it bought the
+stock for investment purposes.
+    It also said it is studying the 35 dlr a share leveraged
+buyout offer made by Purolator managers and E.F. Hutton LBO Inc
+but has not decided whether it will tender its stock in the
+offer. The group said it has held talks with the Hutton LBO
+group before and may do so again.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10356" NEWID="5443">
+<DATE>16-MAR-1987 11:47:20.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2584&#31;reute
+r f BC-TOFUTTI-BRANDS-&lt;TOF>   03-16 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOFUTTI BRANDS &lt;TOF> SEES PROFIT FOR NEW YEAR</TITLE>
+<DATELINE>    RAHWAY, N.J., March 16 - </DATELINE><BODY>Tofutti Brands Inc said it is
+changing its fiscal year to a calendar year from a year ending
+July 31, and it expects to be profitable on higher sales in
+1987.
+    The company lost 658,000 dlrs on sales of 11.6 mln dlrs in
+the year ended July 31.  A company spokesman said Tofutti will
+be reporting earnings for the last five months of calendar 1986
+by the end of March and will then report calendar first quarter
+results.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10357" NEWID="5444">
+<DATE>16-MAR-1987 11:47:45.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2586&#31;reute
+w f BC-DIGITECH-INC-&lt;DGTC>-1   03-16 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITECH INC &lt;DGTC> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    ST. LOUIS, March 16 -
+    </DATELINE><BODY>Shr two cts vs eight cts
+    Net 270,000 vs 1,212,000
+    Revs 1,858,000 vs 1,420,000
+    Avg shrs 16,817,618 vs 12,507,671
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10358" NEWID="5445">
+<DATE>16-MAR-1987 11:47:58.93</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2587&#31;reute
+b f BC-UNION-VOTES-TO-STRIKE   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION VOTES TO STRIKE DAKOTA CITY IBP PLANT</TITLE>
+<DATELINE>    Chicago, March 16 - </DATELINE><BODY>Members of the United Food and
+Commercial Workers union, UFCW, local 222 voted Sunday to go on
+strike against Iowa Beef Processors Inc Dakota City, Nebraska,
+plant, effective Tuesday.
+    The company submitted their latest offer to the union at
+the same time announcing that they would end the lockout as of
+tomorrow that started December 14.
+    Members unanimously rejected the latest company offer that
+was submitted to the union late last week. An overwhelming
+majority of the approximately 2,500 members attending the
+meeting then voted to go on strike, UFCW union spokesman Allen
+Zack said.
+    Zack said the company's offer for a cut in wages was
+unacceptable and said IBP was refusing to bargain in good
+faith.
+    IBP's latest offer included wage cuts of 60 cents an hour
+for slaughter operations and a 45 cents an hour cut in pay for
+processing workers. The cut follows the 1.07 dlr cut in pay
+workers received in 1982 and the wage freeze that has lasted
+since then, Zack said.
+    The offer also eliminated overtime after eight hours
+following the normal 40 hour work week, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10359" NEWID="5446">
+<DATE>16-MAR-1987 11:51:02.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2601&#31;reute
+d f BC-ULTRASYSTEMS-&lt;ULS>-UN   03-16 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ULTRASYSTEMS &lt;ULS> UNIT GETS DOD CONTRACTS</TITLE>
+<DATELINE>    IRVINE, Calif., March 16 - </DATELINE><BODY>Ultrasystems Inc said the U.S.
+Defense Department awarded the company's Ultrasystems Defense
+and Space Inc unit several new contracts and extensions to
+existing contracts having a total value of more than 15.1 mln
+dlrs.
+    The new awards involve software development and hardware
+integration for secure office automation systems, Ultrasystems
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10360" NEWID="5447">
+<DATE>16-MAR-1987 11:52:46.42</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2605&#31;reute
+u f BC-BELGIUM-REVISES-DOWN   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM REVISES DOWN 1987 GNP GROWTH FORECASTS</TITLE>
+<DATELINE>    BRUSSELS, March 16 - </DATELINE><BODY>The Belgian government has lowered its
+forecast for the nominal increase in gross national product in
+1987 to 3.5 pct from an originally forecast 3.9 pct, Prime
+Minister Wilfried Martens said in a statement to parliament.
+    He said this revision, which brings government forecasts
+more closely into line with those by private institutions,
+takes account of an anticipated slowdown in the world economy
+and international trade.
+    But he said the impact on the Belgian economy will be
+limited due to recent agreements on wages and working
+conditions agreed by employers and unions.
+    Martens did not say how much the government expected GNP to
+grow in volume terms.
+    However, last month the government's Planning Bureau said
+it had revised its 1987 forecast for this to 0.9 pct from 2.0
+pct.
+    In 1986, Belgium's gross national product rose 2.15 pct in
+volume terms against a 5.9 pct nominal rise.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10361" NEWID="5448">
+<DATE>16-MAR-1987 11:53:18.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2607&#31;reute
+d f BC-MOLECULON-&lt;MBIO>-SEES   03-16 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOLECULON &lt;MBIO> SEES NEW WAY TO KICK THE HABIT</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 16 - </DATELINE><BODY>Moleculon Inc said it
+successfully completed initial tests in animals of its
+Poroplastic transdermal nicotine delivery system to help
+smokers break the habit.
+    Transdermal systems are designed to deliver drugs through
+the skin in constant dosages.
+    The company said it is discussing licensing and marketing
+agreements for the product with a major international
+pharmaceutical firm, but did not identify the firm. It also
+said it retained Allen and Company, New York, as its financial
+advisor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10362" NEWID="5449">
+<DATE>16-MAR-1987 11:53:25.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2608&#31;reute
+u f BC-RAYTHEON-&lt;RTN>-UNIT-G   03-16 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYTHEON &lt;RTN> UNIT GETS 337 MLN DLR CONTRACT</TITLE>
+<DATELINE>    JACKSON, Miss., March 16 - </DATELINE><BODY>Raytheon Co said its Beech
+Aricraft unit has received a five-year 337 mln dlr
+incrementally-funded contract from the U.S. government to
+support C-12 and U-21 type aircraft.
+    It said the first year of the contract has been funded to a
+level of 35 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10363" NEWID="5450">
+<DATE>16-MAR-1987 11:54:09.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2610&#31;reute
+r f BC-BZW-MAKES-MARKETS-IN   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BZW MAKES MARKETS IN JAPAN DOLLAR CONVERTIBLES</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Barclays De Zoete Wedd Ltd said it today
+began market-making in Japanese convertible eurobonds
+denominated in dollars.
+    This venture will be followed within a few months by the
+establishment of a trading operation for Japanese U.S.
+Dollar-denominated equity warrant issues.
+    Director in charge of the Japanese convertible operation is
+Kelvin Saunders, who said the desk was currently staffed by
+seven traders and salespeople. This number would be doubled
+with the addition of the equity warrant operation, "an even more
+important element in the current market environment," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10364" NEWID="5451">
+<DATE>16-MAR-1987 11:54:37.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2611&#31;reute
+d f BC-CABOT-MEDICAL-CORP-&lt;C   03-16 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABOT MEDICAL CORP &lt;CBOT> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    LANGHORNE, Penn., March 16 -
+    </DATELINE><BODY>Shr four cts vs two cts
+    Net 240,902 vs 106,054
+    Revs 3,408,481 vs 2,566,769
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10365" NEWID="5452">
+<DATE>16-MAR-1987 11:54:50.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2613&#31;reute
+d f BC-AMERIHEALTH-INC-&lt;AHTH   03-16 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERIHEALTH INC &lt;AHTH> 4TH QTR LOSS</TITLE>
+<DATELINE>    ATLANTA, March 16 -
+    </DATELINE><BODY>Oper shr loss one ct vs loss 11 cts
+    Oper net profit 89,000 vs loss 323,000
+    Revs 9,603,000 vs 6,116,000
+    Year
+    Oper shr loss six cts vs loss 21 cts
+    Oper net profit 158,000 vs loss 629,000
+    Revs 34.6 mln vs 22.8 mln
+    NOTE: 1986 net excludes tax credits of 170,000 dlrs in
+quarter and 321,000 dlrs in year and gains on termination of
+pension plan of 82,000 dlrs in quarter and 190,000 dlrs in
+year.
+    Share after preferred dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10366" NEWID="5453">
+<DATE>16-MAR-1987 11:55:58.21</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2615&#31;reute
+r f BC-BANKS-SEE-GERMAN-GROW   03-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS SEE GERMAN GROWTH OF AT LEAST TWO PCT</TITLE>
+<DATELINE>    BONN, March 16 - </DATELINE><BODY>External risks for the economy have
+increased, but growth of two to 2.5 pct this year is still
+possible, according to President of the West German Federation
+of Banks, Hanns Christian Schroeder-Hohenwarth.
+    Schroeder-Hohenwarth told a news conference the further
+fall of the dollar since the start of this year and the
+revaluation of the mark against European currencies meant West
+German exporters were facing a "rough wind."
+    However, domestic demand was continuing to rise and private
+consumption in particular would support the economy, he said.
+He saw good prospects for consumer industries.
+    Schroeder-Hohenwarth said economic policy now had to
+concentrate on strengthening this domestic growth. In this
+context, he welcomed a decision by the government to increase
+the scope of tax cuts due in 1988.
+    He added, a planned reform of the fiscal system scheduled
+for 1990, which was worked out by coalition partners this
+month, was an "important step in the right direction."
+    The government plans to cut corporation tax to 50 pct from
+56 pct. However, Schroeder-Hohenwarth said the decision to cut
+the maximum rate of income tax to only 53 pct from 56 pct was
+"rather half-hearted."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10367" NEWID="5454">
+<DATE>16-MAR-1987 11:56:10.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2616&#31;reute
+r f BC-CAMBRIDGE-ANALYTICAL   03-16 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMBRIDGE ANALYTICAL &lt;CAAN> SEES FIRST QTR LOSS</TITLE>
+<DATELINE>    BOSTON, March 16 - </DATELINE><BODY>Cambridge Analytical Associates Inc said
+it expects to incur a loss for the first quarter of fiscal 1987
+equal to or greater than its loss of 240,697 dlrs for the
+fourth quarter ended December 31, 1986.
+    Cambridge said it expects revenues for the first quarter to
+be approximately the same as those recorded for the fourth
+quarter ended December 31, 1986, of 1,025,961 dlrs.
+    Cambridge recorded a profit of 2,204 dlrs on revenues of
+847,000 dlrs for the first quarter of fiscal 1986, the company
+said.
+    The company attributed the expected loss to lower than
+expected sales from its laboratory and consulting business and
+planned major investment in its proprietary treatment
+technology.
+    The company said winter is traditionally its slowest
+season.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10368" NEWID="5455">
+<DATE>16-MAR-1987 11:57:26.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2627&#31;reute
+u f BC-SETON-&lt;SEL>-GETS-BUYO   03-16 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SETON &lt;SEL> GETS BUYOUT OFFER FROM CHAIRMAN</TITLE>
+<DATELINE>    NEWARK, N.J., March 16 - </DATELINE><BODY>Seton Co said its board has
+received a proposal from chairman and chief executive officer
+Philip D. Kaltenbacher to acquire Seton for 15.75 dlrs per
+share in cash.
+    Seton said the acquisition bid is subject to Kaltenbacher
+arranging the necessary financing.  It said he intends to ask
+other members of senior management to participate.
+    The company said Kaltenbacher owns 30 pct of Seton stock
+and other management members another 7.5 pct.
+    Seton said it has formed an independent board committee to
+consider the offer and has deferred the annual meeting it had
+scheduled for March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10369" NEWID="5456">
+<DATE>16-MAR-1987 11:57:34.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2628&#31;reute
+h f BC-FOOD-RETAILER-MRS-FIE   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MRS FIELDS PLANS TO OPEN MORE STORES</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>U.S. Based speciality food retailer &lt;Mrs
+Fields Inc>, which earlier announced pre-tax profits of 17.1
+mln dlrs in 1986 against 6.8 mln in 1985, said it plans further
+growth this year with the opening of 125 new stores in the U.S.
+    The company, which is quoted on London's Unlisted
+Securities Market (USM), said it also planned to expand its
+outlets internationally.
+    However, chairman Randall Fields told a news conference the
+company would not move into any new countries during 1987 but
+would intensify its efforts where it already had stores.
+    During 1986 the company opened 81 new stores, including 76
+in the U.S., Two in Australia and one each in Japan, Canada and
+the U.K.
+    "We intend to open a minimum of five more units in London
+for example and it is reasonable that we might open other
+stores in other European countries in 1988," Fields said.
+    He said the company acquired competitive businesses as a
+matter of routine, and might add others in 1987, but declined
+to say how much the company planned to spend on them.
+    Last year turnover rose by 20.8 pct to 87.1 mln dlrs from
+72.6 mln dlrs in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10370" NEWID="5457">
+<DATE>16-MAR-1987 11:59:04.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f2636&#31;reute
+d f BC-HITECH-ENGINEERING-&lt;T   03-16 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HITECH ENGINEERING &lt;THEX> TO MAKE PROJECTOR</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Hitech Engineering Co said it agreed
+to make a new version of (Electrohome Ltd's) large-screen video
+projector and to obtain certification for the projector on the
+Defense Department's preferred products list.
+    Under the agreement, Kitchener, Ontario-based Electrohome
+will pay an undisclosed amount to Hitech for initial research
+and development and to buy some of the units, the Tempest
+version of the ECP2000.
+    The Tempest program is a classified U.S. Government program
+dealing with data processing equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10371" NEWID="5458">
+<DATE>16-MAR-1987 11:59:37.33</DATE>
+<TOPICS><D>trade</D><D>gnp</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2640&#31;reute
+d f BC-BRAZIL-SAYS-DEBT-CRIS   03-16 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SAYS DEBT CRISIS IS WORLD PROBLEM</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 16 - </DATELINE><BODY>Brazilian Finance Minister
+Dilson Funaro said his country's foreign debt crisis could only
+be solved by changes in the international financial system.
+    Speaking to a business conference he said "It is not Brazil
+that has to make adjustments with the IMF (International
+Monetary Fund). It is the international financial community
+that is taking away resources from the developing countries."
+    "The crisis is not in Brazil, a country that has had the
+third biggest trade surplus ...In the past two years Brazil had
+remitted 24 billion dlrs in debt servicing and received only
+two billion in fresh funds," he added.
+    Funaro said that during his recent trip to the U.S., Europe
+and Japan to explain Brazil's decision last month to suspend
+interest payments on 68 billion dlrs of commercial debt, he
+stressed the country's commitment to growth.
+    "We need to and will make the effort (to solve the debt
+problem) but we cannot make an effort that means we stop
+growing," he said, adding that political and not purely
+commercial solutions were needed to the debt crisis.
+    Brazil, whose 108 billion dlr foreign debt is the largest
+in the developing world, has been under pressure from official
+and private creditors to work out an economic adjustment
+program with the IMF to combat rocketing inflation and foreign
+payments problems.
+    President Jose Sarney's government has repeatedly refused
+to approach the Fund, arguing that an IMF programme would lead
+to recession. Funaro said that in his talks with creditors he
+had tried to restore credibility in the country in the hope of
+finding a lasting solution to the debt problem.
+    "We are negotiating so that the debt question should not be
+one of continuous crisis."
+    To sustain internal growth Brazil would have to import more
+machinery and equipment this year and export fewer raw
+materials. The country was thus targetting a fall in this
+year's trade surplus to 8.0 billion dlrs from 1986's 9.5
+billion.
+    Domestically, Funaro said economies had led to a reduction
+in the public sector deficit to 2.7 pct of gross domestic
+product in 1986, the lowest for many years and that this should
+fall to 1.5 pct this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10372" NEWID="5459">
+<DATE>16-MAR-1987 12:01:21.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2647&#31;reute
+d f BC-EASTMAN-KODAK-&lt;EK>-SE   03-16 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTMAN KODAK &lt;EK> SETS CHEMICAL VENTURE</TITLE>
+<DATELINE>    SAN FRANCISCO, March 16 - </DATELINE><BODY>&lt;Wilson and George Meyer and Co>
+and the Eastman Chemicals division of Eastman Kodak Co said
+they formed 50-50 joint venture called WGM/Eastman Inc.
+    According to the agreement, Eastman will buy Meyer and Co's
+interest in the unit by the end of 1991.
+    The unit will supply Eastman Kodak chemicals to companies
+in the western region of the U.S., they said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10373" NEWID="5460">
+<DATE>16-MAR-1987 12:04:51.40</DATE>
+<TOPICS><D>cpu</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2665&#31;reute
+f f BC-******U.S.-INDUSTRIAL   03-16 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. INDUSTRIAL CAPACITY USE RATE ROSE TO 79.8 PCT IN FEB FROM 79.6 PCT IN JAN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10374" NEWID="5461">
+<DATE>16-MAR-1987 12:05:03.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2666&#31;reute
+d f BC-BIOTECHNOLOGY-DEVELOP   03-16 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOTECHNOLOGY DEVELOPMENT &lt;BIOD> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEWTON, Mass., March 16 -
+    </DATELINE><BODY>Shr loss five cts vs loss 17 cts
+    Net loss 154,654 vs loss 419,606
+    Revs 517,699 vs 374,108
+    Year
+    Shr loss 28 cts vs loss 56 cts
+    Net loss 821,979 vs loss 1,368,591
+    Revs 1,650,657 vs 1,285,473
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10375" NEWID="5462">
+<DATE>16-MAR-1987 12:06:40.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2676&#31;reute
+u f BC-FRANCE'S-CFF-TO-ISSUE   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE'S CFF TO ISSUE 500 MLN FRANCS BONDS</TITLE>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>Credit Foncier de France said it will
+issue on Wednesday around 500 mln francs worth of Specialised
+Financial Institution Bonds (BIFS).
+    This second issue of eight pct BIFS, maturing on December
+23, 1993, are identical to the 535 mln franc issue of bonds
+issued last month.
+    BIFS, created in December 1985 and reserved for issue by
+certain specialised financial bodies, are negotiable securities
+with a life of between two and five years and are issued in
+units of five mln francs. At the end of February there was a
+total of 3.9 billion francs in BIFS in circulation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10376" NEWID="5463">
+<DATE>16-MAR-1987 12:08:00.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2688&#31;reute
+u f BC-PENN-CENTRAL-&lt;PC>-CAN   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENN CENTRAL &lt;PC> CAN'T EXPLAIN STOCK ACTIVITY</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>A spokesman for Penn Central Corp said
+he was unable to explain a rise in the company's shares.
+    Penn Central rose 2-1/4 to 55-7/8 on 538,000 shares by
+midmorning.
+    The spokesman noted the stock had dipped to 52-3/4 in
+intrasession dealings Friday but closed at 53-5/8. The stock
+had traded over 54 dlrs in the preceding week but was pressured
+last week on a large block sale. The spokesman said he did not
+know who the seller was. He said he did not believe it was Carl
+Lindner, a Cincinnati investor who owns about 28 pct of Penn
+Central's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10377" NEWID="5464">
+<DATE>16-MAR-1987 12:08:10.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2690&#31;reute
+u f BC-HECHINGER-CO-&lt;HECH>-4   03-16 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HECHINGER CO &lt;HECH> 4TH QTR NET</TITLE>
+<DATELINE>    LANDOVER, Md., March 16 -
+    </DATELINE><BODY>Shr primary 28 cts vs 22 cts
+    Shr diluted 26 cts vs 21 cts
+    Net 8,637,000 vs 6,577,000
+    Sales 140.3 mln vs 116.8 mln
+    Year
+    Shr primary 92 cts vs 77 cts
+    Shr diluted 88 cts vs 75 cts
+    Net 28.3 mln vs 23.1 mln
+    Sales 588.4 mln vs 479 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10378" NEWID="5465">
+<DATE>16-MAR-1987 12:09:16.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2703&#31;reute
+r f BC-METEX-&lt;MTX>-CHAIRMAN   03-16 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METEX &lt;MTX> CHAIRMAN SELLS SHARES</TITLE>
+<DATELINE>    EDISON, N.J., March 16 - </DATELINE><BODY>Metex Corp said its chairman and
+chief executive officer Alan Cohen sold 78,375 shares of Metex
+common stock to Metropolitan Consolidated Industries Inc
+&lt;MONY>.
+    The company said the selling price was 11.25 dlrs per share
+with an option for Metropolitan Consolidated Industries to
+purchase up to 42,750 shares more at the same price.
+    Metex also said Mason Carter was elected president and
+chief operating officer of the company. Carter joined Metex in
+1982, where he was formerly its executive vice president.
+    In addition, Attilio Petrocelli, president of Metropolitan,
+was named to fill a vacancy on the Metex board of directors,
+the company said.
+    Metropolitan owns 21 pct of Metex common stock, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10379" NEWID="5466">
+<DATE>16-MAR-1987 12:10:17.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2710&#31;reute
+d f BC-CETUS-&lt;CTUS>-CANCER-D   03-16 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CETUS &lt;CTUS> CANCER DRUG TO GET EUROPE PATENT</TITLE>
+<DATELINE>    EMERYVILLE, Calif., March 16 - </DATELINE><BODY>Cetus Corp said the European
+Patent Office allowed and intends to grant the company a patent
+for pharmaceutical and veterinary preparations of genetically
+engineered Interleukin-2 analog.
+    Interleuken-2 is an immune modulating protein currently
+undergoing clinical trials in the United States and Europe for
+potential use in the treatment of various forms of cancer,
+Cetus said.
+    It said the allowance is the first step in the patent
+process.
+    Following allowance, the patent is published for opposition
+and a nine-month period begins during which interested parties
+have an opportunity to voice any objections to the patent,
+Cetus said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10380" NEWID="5467">
+<DATE>16-MAR-1987 12:10:30.42</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>cotton</D><D>sorghum</D><D>barley</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2711&#31;reute
+u f BC-AROUND-3.5-MLN-ACRES   03-16 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AROUND 3.5 MLN ACRES SAID TO BE IDLED BY 0/92</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>A 0/92 program would have very
+little impact on U.S. acreage, prompting farmers to idle only
+an additional 3.5 mln acres of cropland every year, according
+to a report from the Agriculture Department.
+    The savings resulting from the additional 3.5 mln acres
+idled would be a little over 400 mln dlrs in loan savings, 35
+mln dlrs in transportation and storage savings, and 10-20 mln
+dlrs per year in deficiency payment savings, the report said.
+    The USDA report asssessed the impacts of the proposed 0/92
+acreage program for wheat, corn, cotton, sorghum and barley.
+Last year, almost 245 mln acres of those crops were harvested.
+    "The likelihood that the 0-92 provisiion will cause very
+large acreages to be removed from crop production is quite
+small," the report said.
+    "The returns on typical farms still favor participation in
+the usual acreage reduction programs and seeding the permitted
+acreage," the USDA report said.
+    The 0/92 program, which would allow farmers to forego
+planting and still receive 92 pct of their deficiency payment,
+would be most used by producers in high production/high risk
+areas where cost of production is high, said Keith Collins,
+director of USDA's economics analysis staff.
+    "In the heart of the corn belt, you would not get that much
+participation," Collins said.
+    USDA estimated that an additional one mln acres of wheat
+would be ildled under 0/92, 1.5 mln acres of corn, 500,000
+acres of sorghum and barley and 500,000 acres of cotton.
+    Production from these idled acres would be equivalent to 40
+mln bushels of wheat, 180 mln bushels of corn, 20 mln bushels
+of sorghum, 10 mln bushels of barley, and 500,000 bales of
+cotton, the report said.
+    "In determining whether to participate, a producer would
+need to weigh the expected cash costs of production against the
+loan rate ... The risk that market prices may rise above the
+expected levels and reduce the deficiency payment also must be
+considered," according to the analysis.
+    "What you're giving up under 0/92 is the difference between
+the loan rate and the cost of production," Collins said.
+    For producers with low production costs, that difference is
+greater and can be applied to paying variable costs, he said.
+Under these cicumstances, farmers would not want to go along
+with 0/92. But for high cost producers, 0/92 would be more
+attractive.
+    Also, as loan rates get lower, Collins said there would be
+more incentives to participate in a 0/92 program.
+    "I would admit that its impacts would be very marginal at
+first, but it is a step towards the goal of separating
+production decisions from government payments," Collins said.
+    In a speech earlier today before the National Grains and
+Feed Association, USDA Secretary Richard Lyng said it is too
+late to implement 0/92 for 1987 crops since program signup will
+be over by the end of this month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10381" NEWID="5468">
+<DATE>16-MAR-1987 12:11:23.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2716&#31;reute
+u f BC-IFC-PLANS-TO-LEAD-THI   03-16 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IFC PLANS TO LEAD THIRD WORLD TO CAPITAL MARKETS</TITLE>
+<DATELINE>    BRUSSELS, March 16 - </DATELINE><BODY>The International Finance Corporation
+is planning to intervene to help certain developing country
+companies to borrow on world capital markets, IFC chief
+executive Sir William Ryrie told a news conference.
+    Ryrie said the IFC is at present seeking to overcome
+regulatory barriers to its underwriting business on the United
+States and London markets.
+    "There are many companies in the more advanced developing
+countries which are strong enough to borrow by issuing bonds or
+floating rate notes," he added.
+    However, such companies needed help and the IFC could play
+a role by introducing them into the market and underwriting
+issues, Ryrie said.
+    "The capital markets would then get used to the idea of
+buying the paper of these companies," he added. "There is a
+potential source of development finance there which could be
+very large."
+    He said he was confident there were enough institutional
+investors who would be interested in taking paper in the
+interests of portfolio diversification.
+    The IFC, whose role is to provide international financing
+for private sector investments in developing nations, generally
+does this by providing pump priming finance to persuade western
+companies to invest in third world enterprises.
+    However, in recent years it has set up three investment
+funds through which institutional investors can hold shares in
+developing country stock exchanges.
+    It announced the third such fund, one of 30 mln dlrs for
+investment on the Thai stock exchange, in December. There is a
+120 mln dlr South Korea fund and one of 50 mln dlrs which
+invests in a number of developing country stock exchanges.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10382" NEWID="5469">
+<DATE>16-MAR-1987 12:11:48.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2719&#31;reute
+u f BC-AMERICAN-SECURITY-&lt;AS   03-16 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN SECURITY &lt;ASEC> TO RELEASE INFORMATION</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>American Security Corp said a
+release will be forthcoming shortly regarding its pending
+merger with Maryland National Corp &lt;MDNT>, approved by its
+stockholders October 10.
+    American was halted on NASDAQ pending a news announcement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10383" NEWID="5470">
+<DATE>16-MAR-1987 12:13:04.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2729&#31;reute
+u f BC-SVENSKA-CELLULOSA-AB   03-16 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SVENSKA CELLULOSA AB &lt;SCAB.ST> 1986 YEAR</TITLE>
+<DATELINE>    STOCKHOLM, March 16 -
+    </DATELINE><BODY>Group profit after net financial items 1.39 billion crowns
+    vs 1.32 billion
+    Sales 15.22 billion crowns vs 12.61 billion
+    Profit per share 20.50 crowns vs 19.60
+    Proposed dividend five crowns vs 4.40
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10384" NEWID="5471">
+<DATE>16-MAR-1987 12:14:01.89</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2733&#31;reute
+u f BC-COLOMBIA-COFFEE-EXPOR   03-16 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA COFFEE EXPORTERS BELIEVE IN PRAGMATISM</TITLE>
+<AUTHOR>    By Gilles Trequesser, Reuters</AUTHOR>
+<DATELINE>    BOGOTA, March 16 - </DATELINE><BODY>Private coffee exporters say Colombia's
+more pragmatic coffee marketing policy will ensure that the
+country does not suffer excessively from current depressed
+prices and erratic market conditions.
+    Gilberto Arango, president of the exporters' association,
+said in an interview that Colombia, the world's second largest
+producer, was in a position to withstand a prolonged absence of
+International Coffee Organization (ICO) export quotas.
+    "Colombia is one of the countries that will benefit most
+from this situation," he said.
+    Recent ICO talks in London failed to break a deadlock over
+re-introduction of export quotas, suspended in February 1986,
+and no date has been set for a new meeting on the issue.
+    Arango said that government measures adopted here last
+week, including a lower export registration price, indicated a
+major change but also disclosed a welcome pragmatism.
+    "This is the start of a new era in Colombia because world
+market conditions are also new," he said.
+    The government lowered local taxes for exporters and said
+the export registration price, or reintegro, will be changed
+more often in order to closely reflect market trends.
+    Arango said an illustration of Colombia's new attitude was
+the decision on Friday to open export registrations for an
+unlimited amount.
+    But he added it did not imply the country would begin heavy
+selling of coffee.
+    "Our marketing policy is to sell without haste but
+consistently. No targets for volume will be set. We will react
+to market factors adequately and Colombia has no intention of
+giving its coffee away."
+    Colombia's past records should be the basis for upcoming
+exports, he said.
+    "We will certainly not export seven mln (60-kilo) bags but
+neither are we going to sell like mad. The trade knows full
+well what Colombia's export potential is," he said.
+    Colombia, with stockpiles standing at about 10 mln bags,
+exported a record 11.5 mln bags in the 1985/86 coffee year
+which ended last September, and 11.3 mln in calendar 1986.
+    Arango did not want to commit himself on export predictions
+but said that output for the 1986/87 coffee year would not
+exceed 10.5 mln bags, compared with 12 mln forecast by the
+National Coffee Growers' Federation and 12.5 mln by the U.S.
+Department of Agriculture, a figure he said was "ridiculous."
+    He said ageing plantations and rust, in particular in the
+number one producing province of Antioquia, meant output was
+likely to fall but that nationwide estimates were rare and
+oscillated between 9.5 mln and 11.5 mln bags.
+    On the failure of the recent ICO talks, Arango said
+Colombia understandably felt frustrated at not having managed
+to force a compromise.
+    Jorge Cardenas, manager of the national federation and head
+of his nation's delegation in London, has blamed the
+intransigence of some big countries, without naming them.
+    However, Arango, like Colombian Finance Minister Cesar
+Gaviria last week, was more explicit and said the United States
+would undoubtedly be under great political pressure in coming
+weeks to revise its policy.
+    "Washington will have to take into account that for many
+countries, and some of its allies for instance in Central
+America, a sharp fall in coffee export revenue would have
+far-reaching political and economic consequences."
+    Arango ruled out a fresh Colombian initiative on export
+quotas saying producers had now to show a common resolve which
+could emerge from continuous contacts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10385" NEWID="5472">
+<DATE>16-MAR-1987 12:14:40.15</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2736&#31;reute
+u f BC-BELGIAN-GOVERNMENT-TO   03-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN GOVERNMENT TO CUT FINANCIAL REQUIREMENT</TITLE>
+<DATELINE>     BRUSSELS, March 16 - </DATELINE><BODY>Belgian Prime Minister Wilfried
+Martens announced to Parliament a plan to reduce the 1987
+government financing requirement by 20.6 billion francs.
+    He said this will enable the requirement to be held to
+419.7 billion francs, against the previous government target of
+417.8 billion, or eight pct of gross national product.
+    Martens said following a lowering of government estimates
+of 1987 nominal GNP growth and a re-estimation by government
+departments of 1987 spending, the government calculated that
+unless action was taken, the requirement would exceed the
+target by 22.5 billion francs.
+    Martens said the plan involved raising non-fiscal receipts
+by 5.8 billion francs and reducing spending by 14.3 billion.
+The remaining 0.5 billion francs will be raised through
+treasury operations.
+    Martens said the money is being found through a series of
+small economies and confirmed that it includes the raising of
+two billion francs through the sale of part of the government's
+50 pct holding in the gas company Distrigaz.
+    Last year, the government announced a major program
+designed to cut 1987 spending by 195 billion francs.
+    The program was designed to get Belgium out of what the
+government said was a "snowball effect" under which the
+government constantly borrowed more to finance budget deficits
+which were due largely to the cost of servicing and repaying
+existing debt.
+    In 1986, the government financing requirement is estimated
+at 561 billion francs or 11.0 pct of GNP.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10386" NEWID="5473">
+<DATE>16-MAR-1987 12:16:39.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2748&#31;reute
+r f BC-royaltrust   03-16 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL TRUST PLOTS AGGRESSIVE GLOBAL EXPANSION</TITLE>
+<AUTHOR>    By Peter Cooney, Reuters</AUTHOR>
+<DATELINE>    TORONTO, March 16 - </DATELINE><BODY>&lt;Royal Trustco Ltd>, in a move unique
+among Canadian trust companies, is pursuing a bold global
+expansion that could someday lift the foreign share of its
+yearly earnings to 50 pct, president Michael Cornelissen said.
+    First Marathon Securities Ltd financial services analyst
+Michael Walsh said Royal Trust's international growth target is
+attainable. But it "will be a tremendous achievement because
+... they're going to have to build an international earnings
+base larger than the earnings of a lot of significant domestic
+trust companies," Walsh said.
+    Global operations, which made up 22 pct of Royal Trust's
+154 mln dlr 1986 net profit, will post 33 pct profit growth
+this year against an expected 15 pct jump in total company
+profit, Cornelissen told Reuters in an interview.
+    He said the foreign share of total profit would rise to 26
+pct in 1987 and to 44 pct by 1990.
+    Royal Trust, Canada's second largest trust company with
+assets of about 19.54 billion Canadian dlrs, has operated
+internationally since 1929 when it opened a London bank.
+    Its aggressive global strategy began in the 1980s, when
+other Canadian trusts, the equivalent of U.S. savings and
+loans, were focusing on domestic retail banking.
+    The company's overseas ambitions were whetted by heightened
+domestic competition and impressive growth at its London bank
+operations, which attained full British banking powers in 1980,
+Cornelissen said.
+    Last year, Royal Trust moved into continental Europe and
+Asia with its 239 mln Canadian dlr acquisition of Dow Chemical
+Co &lt;DOW>'s Dow Financial Services Corp, which included asset
+management, merchant and private banking companies.
+    "It was a heaven-sent opportunity," Cornelissen said of the
+Dow Financial acquisition. "We achieved in one year what would
+otherwise have taken five to 10 years to set up."
+    Cornelissen stressed that Royal Trust would shun direct
+competition with major global financial institutions in
+activities such as international lending and stock brokerage,
+in order to exploit "profitable niches" overseas in traditional
+trust activities such as asset management, private banking and
+advisory services.
+    He said that Royal Trust hoped to complete negotiations
+"before the end of this month" to sell its London-based Savory
+Milln brokerage, acquired in the Dow Financial deal.
+    "The international market is so big and we have such a
+miniscule share of it that growth opportunities are really
+limited only by our energy and our desire to find more
+business," he said, adding that in trust-type services, "we
+don't think the international markets are well-served."
+    Aiding Royal Trust's foreign growth are greater foreign 
+investment interest in North America and increased Canadian
+investment abroad, Cornelissen said.
+    Central to Royal Trust's strategy is Asia, boasting rapid
+economic growth and huge pools of Japanese capital, said
+Cornelissen, whose company administers assets of 71.85 billion
+dlrs, more than any other Canadian trust.
+    Citing statistics indicating that by the year 2000, Asia
+will contain two-thirds of the world's population and 50 pct of
+global productive capacity, Cornelissen said, "We knew we had
+to be there." Royal Trust's 14 international locations include
+offices in Tokyo, Hong Kong and Singapore. The company also
+recently listed its shares on the Tokyo Stock Exchange.
+    The Royal Trust president said the company was stressing
+growth within its overseas units, adding he did not foresee any
+acquisitions in the "immediate future," although "we have our
+eyes wide open for the right opportunities."
+    Asked about Royal Trust's plans for the U.S., which the
+company abandoned with the 1983 sale of its Florida bank units,
+Cornelissen said the company faced a trust services market well
+covered by hundreds of small regional banks.
+    "That doesn't mean to say we shouldn't be in the U.S.,"
+said Cornelissen. "That is probably one area that we will
+probably do something with in the next five years."
+    He said the company would continue to emphasize its home
+Canadian market, which Cornelissen and financial services
+analysts agreed would remain vital to Royal Trust.
+    Proposed government regulations to allow Canadian banks,
+trusts, insurance and securities dealers full participation in
+one another's actitivies will mean more domestic competition
+for Royal Trust, "but not drastically more," Cornelissen said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10387" NEWID="5474">
+<DATE>16-MAR-1987 12:20:08.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2763&#31;reute
+b f BC-SALOMON-RAISES-CATERP   03-16 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON RAISES CATERPILLAR &lt;CAT> OPINION</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Salomon Brothers Inc said it raised
+its opinion on Caterpillar Inc's stock to an aggressive buy
+from a hold because of a brighter earnings outlook for 1988.
+    Salomon analyst David Sutliff said in a statement he sees
+1988 earnings of 3.35 dlrs a share, up from an earlier forecast
+of three dlrs for the year. The outlook for 1987 remains at
+2.50 dlrs to three dlrs.
+    Caterpillar's stock was down 1/2 points at 46-1/4.
+    "Although earnings will be poor for the next two quarters,
+we believe that profits could begin to improve in the second
+half - perhaps significantly - and should surge sharply through
+1988 and 1989," he said.
+    Sutliff said improved results should come from four factors
+- higher prices, improved market share, reduced costs, and
+improved demand.
+    The higher prices will stick because its Japanese
+competitor, Komatsu, has had to raise prices because of the
+increased value of the yen, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10388" NEWID="5475">
+<DATE>16-MAR-1987 12:21:50.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2772&#31;reute
+r f BC-ROCKWOOD-HOLDING-CO-&lt;   03-16 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKWOOD HOLDING CO &lt;RKWD> 4TH QTR NET</TITLE>
+<DATELINE>    SOMERSET, Pa., March 16 -
+    </DATELINE><BODY>Shr profit 78 cts vs loss 38 cts
+    Net profit 3,108,000 vs loss 1,510,000
+    Revs 35.5 mln vs 47.1 mln
+    Year
+    Shr profit 2.42 dlrs vs loss 2.01 dlrs
+    Net profit 9.6 mln vs loss eight mln
+    Revs 157.2 mln vs 182.2 mln
+    NOTE: Includes extraordinary gains of 22 cts per share and
+36 cts in the fourth quarter and 1986, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10389" NEWID="5476">
+<DATE>16-MAR-1987 12:23:11.92</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f2779&#31;reute
+f f BC-CANADA-PRIME-MINISTER   03-16 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA PRIME MINISTER SAYS A MAJOR TRADE DEAL EMERGING WITH U.S.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10390" NEWID="5477">
+<DATE>16-MAR-1987 12:23:36.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2781&#31;reute
+r f BC-FORUM-&lt;FOUR>-ENDS-BEV   03-16 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORUM &lt;FOUR> ENDS BEVERLY &lt;BEV> PURCHASE DEAL</TITLE>
+<DATELINE>    INDIANAPOLIS, March 16 - </DATELINE><BODY>Forum Group Inc said it has
+terminated its agreement in principle to buy eight retirement
+living centers in six states from Beverly Enterprises due to a
+failure to reach a satisfacotry definitive agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10391" NEWID="5478">
+<DATE>16-MAR-1987 12:23:42.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2782&#31;reute
+f f BC-******FDA-EXPERT-PANE   03-16 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FDA EXPERT PANEL VOTES TO RECOMMEND APPROVAL OF UPJOHN'S ROGAINE BALDNESS DRUG
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10392" NEWID="5479">
+<DATE>16-MAR-1987 12:24:22.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2786&#31;reute
+h f BC-U.K.-AIRPORT-AUTHORIT   03-16 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. AIRPORT AUTHORITY TO BE PRIVATISED IN SUMMER</TITLE>
+<DATELINE>    LONDON, March 16 - State-owned &lt;BAA PLC> - </DATELINE><BODY>formerly the
+British Airports Authority - is to be privatised in June or
+July of this year, Transport Secretary John Moore told
+Parliament.
+    He said BAA's 7,000 employees would each be given free
+shares in BAA worth a nominal 100 stg. Employees would also
+receive two free shares for each purchased, up to a maximum of
+400 stg worth of free shares.
+    BAA runs London's Heathrow and Gatwick airports, Stansted
+and the Scottish airports. The flotation is to be managed by
+&lt;Country Bank Ltd>. Private studies have put total proceeds of
+the BAA sell-off at just over one billion stg, analysts said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10393" NEWID="5480">
+<DATE>16-MAR-1987 12:24:31.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>leigh-pemberton</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2787&#31;reute
+u f BC-U.K.-BANKING-HEAD-RES   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BANKING HEAD RESUMES ATTACK ON CITY PREDATORS</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The Governor of the Bank of England,
+Robin Leigh-Pemberton, repeated his criticism of City
+predators, describing them as "thoroughly irresponsible."
+    "I have been concerned when predators have sought to use a
+minority shareholding to unsettle a perfectly well-managed
+company and to create an atmosphere in which a bid becomes
+daily expected," he said in a speech to the Industrial Society.
+    "Such activity can amount to a thoroughly irresponsible
+exercise of shareholder power, and an abuse of the arrangements
+we have for the protection of shareholders' interests," he said.
+    Leigh-Pemberton was resuming a theme he developed in a
+speech last week, when he attacked the practice of "putting a
+company into play."
+    This is when predators use a minority shareholding to force
+a company's management into action which will raise the
+company's share price. The predator then withdraws, taking
+substantial profits.
+    In today's speech, Leigh-Pemberton said it was hard to find
+the right tightrope to walk between intervention and adherence
+to a free market philosophy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10394" NEWID="5481">
+<DATE>16-MAR-1987 12:25:10.06</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2790&#31;reute
+r f BC-SOME-7,000-MINERS-GO   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOME 7,000 MINERS GO ON STRIKE IN SOUTH AFRICA</TITLE>
+<DATELINE>   JOHANNESBURG, March 16 - </DATELINE><BODY>Some 7,000 black miners went on
+strike at South African gold and coal mines, the National Union
+of Mineworkers (NUM) said.
+    A NUM spokesman said 6,000 workers began an underground
+sit-in at the Grootvlei gold mine, owned by General Union
+Mining Corp, to protest the transfer of colleagues to different
+jobs.
+   He said about 1,000 employees of Anglo American Corp's New
+Vaal Colliery also downed tools but the reason for the stoppage
+was not immediately clear. Officials of the two companies were
+not available for comment and the NUM said it was trying to
+start negotiations with management.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10395" NEWID="5482">
+<DATE>16-MAR-1987 12:27:30.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2798&#31;reute
+b f BC-CONSUL-RESTAURANT-&lt;CN   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUL RESTAURANT &lt;CNSL> IN EXCHANGE OFFER</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Consul Restaurant Corp said it began
+an exchange offer for its 13 pct convertible debentures due
+1992 with an aggregate principal amount of 17.5 mln dlrs.
+    Consul officials told an analysts meeting that in return
+for each 1,000 dlr face value of the bonds tendered, investors
+will receive 10 shares of preferred stock convertible after Dec
+1, 1987, into 500 shares of common. The company said the value
+represents a substantial premium over the debentures' market
+value, which traded at 410 dlrs per 1,000 dlr face amount on
+March 13.
+    Consul said the debt was taken on to finance expansion.
+    James Crivits, Consul chairman, said debt service on the
+outstanding debentures has cost the company 55 cts a share per
+quarter and cut deeply into the company's profitability.
+    For the year ended May 31, 1986, the company reported a net
+loss of 1.12 dlr per share or 5.3 mln dlrs on revenues of 77.6
+mln dlrs.
+    Crivits said the company will report an improved but still
+unprofitable third quarter ended February 28, compared to a
+loss of 22 cts a share in the year-ago thrid quarter. He said
+current third quarter results would be similar to 1987's
+second quarter's loss of 12 cts per share.
+    Crivits said the company will not produce a gain in the
+fourth quarter or the full year, and said there will be a write
+off in the fourth quarter for the debenture exchange offer. He
+would not specify the amount of the write off.
+    Robert Lamp, Consul's chief financial officer, said the
+company needs to have at least 90 pct of the bonds exchanged in
+the transaction to report a profit in the first quarter of
+fiscal 1988. Lamp said that if the exchange is successful, the
+company will report profits much higher than the three cents a
+share reported in the first quarter of fiscal 1987.
+    The Minneapolis-based company, which it said is the
+nation's largest franchisee of Chi-Chi's family-style Mexican
+restaurants, said it had the planned to expand to 80 units, but
+had to abandon the effort, leaving 38 units in operation.
+    The company also said the restaurants are profitable, with
+profit margins increasing over last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10396" NEWID="5483">
+<DATE>16-MAR-1987 12:28:24.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2803&#31;reute
+d f BC-FBX-CORP-&lt;FBXC>-YEAR   03-16 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FBX CORP &lt;FBXC> YEAR NOV 30 NET</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 16 -
+    </DATELINE><BODY>Shr 11 cts vs three cts
+    Net 313,000 vs 80,000
+    Revs 12.5 mln vs 11.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10397" NEWID="5484">
+<DATE>16-MAR-1987 12:29:29.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2806&#31;reute
+r f BC-&lt;HOECHST-AG>-UNIT-TO   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;HOECHST AG> UNIT TO RAISE 500 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>&lt;Hoechst AG's> Hoechst Celanese Corp
+subsidiary said it plans to raise about 500 mln dlrs in U.S.
+capital markets in three to four months.
+    Company officials, at a press conference, said the money
+would be raised through the sale of debentures, adding these
+securities are expected to be registered with the Securities
+and Exchange Commission following Standard and Poor's Corp's
+rating of the company's debt next week.
+    Officials said most of the funds raised will be used to pay
+down 600 mln dlrs of bridge loans taken out last month when
+American Hoechst bought Celanese for 2.8 billion dlrs.
+    The officals said Hoechst Celenese's 1987 capital spending
+of over 200 mln dlrs will be funded from internally generated
+cash. They pointed out this is little changed from the combined
+spending of American Hoechst and Celanese Corp in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10398" NEWID="5485">
+<DATE>16-MAR-1987 12:30:11.94</DATE>
+<TOPICS><D>cpu</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2810&#31;reute
+b f BC-U.S.-CAPACITY-USE-RAT   03-16 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CAPACITY USE RATE 79.8 PCT IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>U.S. factories, mines and utilities
+operated at 79.8 pct of capacity in February, compared with a
+revised 79.6 pct in January and December, the Federal reserve
+Board said.
+    The Fed previously said the rate was 79.7 pct in January
+and 79.5 pct in December.
+    A surge in automobile assemblies in February and a gain in
+primary metals production helped raise manufacturing to 80.1
+pct capacity from 79.9 pct in January.
+    Durables manufacturing increased to 76.8 pct last month
+from 76.3 pct in January, the Fed said.
+    Nondurable manufacturing eased to 85.2 pct of capacity use
+from 85.4 pct in January.
+    Last month's rate was down from 80.2 pct in February, 1986.
+    Fabricated metals increased to 81.4 pct in February from
+81.2 pct in January, while motor vehicles and parts jumped to
+83.6 pct from 80.0 in January.
+    Primary metals rose to 67.7 pct from 66.7 pct in January.
+    Petroleum products fell to 92.5 pct in February from 94.5
+pct in January.
+    Capacity utilization for mining rose to 75.3 pct in
+February from 75.1 pct in January, but was below the February
+1986 rate of 79.4 pct, the Fed said.
+    The use rate for utilities was up to 80.8 pct last month
+from 80.4 pct in January.
+    Producers of industrial materials operated at 78.9 pct of
+capacity, the same as in January and December, but down from
+the February 1986 rate of 79.6 pct.
+    The Fed said the decline in energy materials use and
+durables goods materials were the reason for the decline over
+the past year for producers of industrial materials.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10400" NEWID="5486">
+<DATE>16-MAR-1987 12:30:22.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2811&#31;reute
+b f BC-FDA-PANEL-BACKS-UPJOH   03-16 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDA PANEL BACKS UPJOHN &lt;UPJ> BALDNESS DRUG</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The federal Food and Drug
+Administration's Dermatologic Drugs Advisory Committee voted
+unanimously that Upjohn Co's Rogaine baldness drug was safe and
+effective.
+    The panel recommended that the FDA approve Rogaine for
+marketing in the United States, so long as accompanying
+packaging and promotional materials disclose that the product
+has only limited effect on male pattern baldness.
+    The five outside experts attending today's FDA committee
+meeting seemed less concerned about Rogaine's safety after an
+outside consultant told them the drug "appears to be quite safe
+in the normal male population."
+    The consultant, Ohio State University Professor of Medicine
+Carl Leier, said Rogaine's side effects were minimal, based on
+a study of 10,000 individuals who have been getting the drug in
+Canada, where it was approved for marketing last year.
+    "The Canadian record is quite a good one in terms of side
+effects," Leier said.
+    The experts urged the FDA to require a warning in the
+drug's packaging that patients be monitored for heart effects
+while taking the drug, such as irregular heart beats, changes
+in heart rate, palpitations and fluid retention in the body.
+    Rogaine, whose chemical name is minoxidil, has already been
+approved by the FDA when taken orally as a high blood pressure
+drug.
+    But Upjohn is now seeking agency approval of it as a male
+baldness treatment when put directly on the skin in liquid
+form.
+    Upjohn has previously claimed that, when applied to the
+scalp, too little of Rogaine was absorbed into the bloodstream
+to affect the heart.
+    But panel members concluded that the amount absorbed
+merited physician monitoring of patients taking the drug.
+    Under questioning by panel members, Upjohn official Richard
+De Villez acknowledged the drug in clinical trials produced
+moderate hair growth on the crown of the head in only about 40
+pct after 12 months.
+    He also acknowledged discontinuing treatment would make the
+new hair fall out.
+    "The Upjohn problem is that they have a tremendous placebo
+effect," panel member Paul Bergstresser of the University of
+Texas told the meeting.
+    He said patients administered a placebo during clinical
+trials typically had about half as much new hair growth as did
+individuals treated with Rogaine.
+    As a result, it may take patients eight-12 months before
+they can tell whether thay are benefiting from the drug, he
+said.
+    In Canada, a year's treatment costs about 550-640 dlrs
+(U.S.).
+    An Upjohn official said no price would be set for the drug
+in the U.S. market until it was approved for sale.
+    During trials, the drug was found to have a bizarre side
+effect on some individuals: It caused a state of sexual
+dysfunction known as "exagerrated erection."
+    Stewart Ehrreich, a former FDA official who conducted a
+safety review of Rogaine before leaving the agency, said
+researchers had found a number of cases of patients who had
+exagerrated erections as a result of the drug.
+    He said this was a common effect for drugs of the same
+class as Rogaine, called vaso-dilators.
+    FDA officials said they could make no prediction on when
+Rogaine might be approved for marketing.
+    Following the vote, panel member Dr. Robert Stern, a Boston
+dermatologist, said Upjohn statistics had exaggerated the
+effect of the drug.
+    He said "about one in five will have a substantial clinical
+effect," which he defined as a significant growth of new hair
+that made the patient actually look better.
+    He urged insurance companies not to cover the cost of
+Rogaine treatment in order to preserve scarce medical fund
+resources.
+    "I would hope that insurance companies will take a strong
+line that this is not a product we will reimburse for," Stern
+told reporters.
+    "I think this is a drug that has some application for some
+people, and I think some people will find it worth the expense,"
+he said.
+    But he said individuals should be required to pay for the
+treatment out of their personal funds.
+    Stern estimated more than 100,000 American men are already
+using minoxidil on their scalps, outside the law, by grinding
+up the blood pressure pill and dissolving in a solvent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10399" NEWID="5487">
+<DATE>16-MAR-1987 12:32:49.85</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2827&#31;reute
+d f BC-UNION-VOTES-TO-STRIKE   03-16 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION VOTES TO STRIKE DAKOTA CITY IBP PLANT</TITLE>
+<DATELINE>    Chicago, March 16 - </DATELINE><BODY>The United Food and Commercial Workers
+union, Local 222 said its members voted Sunday to strike the
+Iowa Beef Processors Inc Dakota City, Neb., plant, effective
+Tuesday.
+    The company said it submitted its latest offer to the union
+at the same time announcing that on Tuesday it would end a
+lockout that started December 14.
+    Union members unanimously rejected the latest company offer
+that was submitted to the union late last week, UFCW union
+spokesman Allen Zack said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10401" NEWID="5488">
+<DATE>16-MAR-1987 12:38:24.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2856&#31;reute
+r f BC-torsun   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO SUN EXAMINING POSSIBLE U.K. TABLOID</TITLE>
+<DATELINE>    TORONTO, March 16 - </DATELINE><BODY>&lt;Toronto Sun Publishing Corp> said it
+was examining an idea for a new tabloid newspaper in Britain
+after being being approached about the concept by a person in
+England it declined to indentify.
+    "We were talking to this individual and offered to help him
+in effect formulate his concept and that is about as far as it
+has gone," Toronto Sun Publishing vice-president of finance
+Bruce Jackson said in reply to a query.
+    "We have not decided anything," Jackson added. "It has not
+been brought to the board of directors for any kind of approval
+or heavy discussion."
+    Jackson said that Toronto Sun recently produced a dummy
+newspaper for the individual to use in testing possible British
+market reaction. Toronto Sun publishes tabloids in Toronto,
+Edmonton and Calgary, Alberta and the Houston Post.
+    Asked about possible financial or editorial support by
+Toronto Sun, Jackson replied: "It is far too premature to
+discuss anything like that." He said further developments were
+unlikely to unfold for "at least a month."
+    Jackson described the British tabloid market as "very
+competitive, but it is a very large market as well. It most
+likely doesn't take a large market share to be profitable there
+as long as you find the right niche."
+    He said Toronto Sun is approached almost every month about
+ideas for starting newspapers, mostly in North America, "as the
+Toronto Sun is known to be a newspaper group that has started
+papers.
+    "Unfortunately, this one leaked out and it probably
+attracted a little more attention than it really deserves at
+this point," Jackson said.
+    Toronto Sun recently dropped plans to start a second
+English language newspaper in Montreal, citing a study that
+indicated the lack of a sufficient advertising base for such a
+paper.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10402" NEWID="5489">
+<DATE>16-MAR-1987 12:39:11.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2861&#31;reute
+r f BC-INTEGRATED-GENERICS-&lt;   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED GENERICS &lt;IGN> UNIT TO GO PUBLIC</TITLE>
+<DATELINE>    BELLPORT, N.Y., March 16 - </DATELINE><BODY>Integrated Generics Inc said its
+wholly-owned A.N.D.A. Development corp Subsidiary has signed a
+letter of intent with underwriters R.F. Lafferty and Co Inc and
+S.J. Bayern and Co Inc to raise three mln dlrs through a unit
+offering.
+    The company said each unit would consist of two common
+shares priced at about five dlrs each and a warrant to buy
+another share at 6.50 dlrs.  Integrated said it would retain a
+controlling interest.
+    Integrated said proceeds would be used to finance the
+development of prescription drugs on which patents expire.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10403" NEWID="5490">
+<DATE>16-MAR-1987 12:39:49.42</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2864&#31;reute
+f f BC-Balladur-maintains-19   03-16 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Balladur maintains 1987 2.5 pct inflation target after February 3.4 pct year-on-year
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10404" NEWID="5491">
+<DATE>16-MAR-1987 12:40:00.68</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nycsce</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2865&#31;reute
+u f BC-nycsce-margin   03-16 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSCE TO PUT ADDITIONAL MARGIN ON JULY COCOA</TITLE>
+<DATELINE>    New York, March 16 - </DATELINE><BODY>A 250 dlr spot charge will be added to
+the New York cocoa futures, July delivery, contract starting
+Wednesday, March 18, the Coffee, Sugar and Cocoa Exchange said.
+    The March delivery ceases trading March 17, making May and
+July the two nearby unlimited positions. Previously, March and
+May were unlimited.
+    The margin requirement for a May or July position will be
+1,000 dlrs--750 dlrs original margin plus 250 dlrs spot fee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10405" NEWID="5492">
+<DATE>16-MAR-1987 12:40:33.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2869&#31;reute
+r f BC-cooper-canada-ltd   03-16 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;COOPER CANADA LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 16 -
+    </DATELINE><BODY>Shr 23 cts vs 42 cts
+    Net 1,387,000 vs 2,532,000
+    Revs 80.5 mln vs 82.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10406" NEWID="5493">
+<DATE>16-MAR-1987 12:40:47.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2871&#31;reute
+r f BC-MEDIA-GENERAL-&lt;MEGA>   03-16 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDIA GENERAL &lt;MEGA> FEBRUARY REVENUES RISE</TITLE>
+<DATELINE>    RICHMOND, Va., March 16 - </DATELINE><BODY>Media General Inc said its
+February revenues were 53.1 mln dlrs, up from 49.1 mln dlrs a
+year before.
+    It said newspaper revenues rose to 21.3 mln dlrs from 20.2
+mln dlrs, newsprint to 14.6 mln dlrs from 14.5 mln dlrs,
+broadcast 14.6 mln dlrs from 11.5 mln dlrs and others 3,631,000
+dlrs from 3,621,000 dlrs.  Intercompany sales of 1,021,000
+dlrs, up from 752,000 dlrs, were included.
+    Media General said year-to-date revenues rose to 104.0 mln
+dlrs from 95.9 mln dlrs a year before.
+    The company said year-to-date newspaper revenues were 41.7
+mln dlrs, up from 39.8 mln dlrs, newsprint 29.9 mln dlrs, up
+from 28.0 mln and broadcast 27.5 mln dlrs, up from 21.2 mln
+dlrs, while other revenues fell to 6,896,000 dlrs from
+8,566,000 dlrs.  Intercompany sales rose to 2,034,000 dlrs from
+1,639,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10407" NEWID="5494">
+<DATE>16-MAR-1987 12:41:07.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2874&#31;reute
+d f BC-TAB-PRODUCTS-CO-&lt;TBP>   03-16 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAB PRODUCTS CO &lt;TBP> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 16 -
+    </DATELINE><BODY>Shr 27 cts vs 22 cts
+    Net 1,866,000 vs 1,476,000
+    Revs 33.0 mln vs 30.3 mln
+    Nine Mths
+    Shr 71 cts vs 57 cts
+    Net 4,828,000 vs 3,857,000
+    Revs 92.0 mln vs 89.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10408" NEWID="5495">
+<DATE>16-MAR-1987 12:41:11.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2875&#31;reute
+d f BC-MARKEL-CORP-&lt;MAKL>-4T   03-16 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARKEL CORP &lt;MAKL> 4TH QTR NET</TITLE>
+<DATELINE>    RICHMOND, Va., March 16 -
+    </DATELINE><BODY>Shr 32 cts vs 18 cts
+    Net 1,200,466 vs 545,670
+    Revs 8.2 mln vs 6.4 mln
+    Year
+    Shr 1.52 dlrs vs 27 cts
+    Net 4,972,683 vs 1,046,460
+    Revs 33.3 mln vs 23 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10409" NEWID="5496">
+<DATE>16-MAR-1987 12:41:15.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2876&#31;reute
+d f BC-SCIENCE-ACCESSORIES-C   03-16 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCIENCE ACCESSORIES CORP &lt;SEAS> 1ST QTR NET</TITLE>
+<DATELINE>    SOUTHPORT, Conn., March 16 - </DATELINE><BODY>Qtr ends Jan 31
+    Shr two cts vs two cts
+    Net 78,537 vs 72,364
+    Revs 626,942 vs 640,030
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10410" NEWID="5497">
+<DATE>16-MAR-1987 12:41:25.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2877&#31;reute
+d f BC-WORLDGROUP-&lt;TOURA>-SU   03-16 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLDGROUP &lt;TOURA> SUED BY TRAVEL AGENCIES</TITLE>
+<DATELINE>    GOLDEN, Colo., March 16 - </DATELINE><BODY>Worldgroup Cos Inc said it was
+sued by two companies operating three franchised travel
+agencies for violating franchise and trademark agreements.
+    The suit, filed in U.S. District Court for the western
+district of Missouri, seeks 385,000 dlrs for losses and almost
+9.2 mln dlrs in additional damages.
+    The suit alleges the sale of the franchises by IT Financial
+Corp of Tulsa to International Tours Inc, a Worldgroup unit,
+violated franchise, trademark and other agreements. It also
+claims the defendants have conspired to restrain trade and
+violated federal racketeering laws, the company said.
+    Worldgroup said the claims are unfounded and that it plans
+to defend itself vigorously.
+    In addition to Worldgroup and IT Financial, K mart Corp
+&lt;KM> was named as a defendant, Worldgroup said. Worldgroup has
+agreements with K mart to market travel services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10411" NEWID="5498">
+<DATE>16-MAR-1987 12:41:28.11</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2878&#31;reute
+f f BC-French-adjusted-Febru   03-16 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> French adjusted February trade deficit 400 mln francs vs January deficit 2.5 billion
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10412" NEWID="5499">
+<DATE>16-MAR-1987 12:41:38.95</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>biffex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2880&#31;reute
+d f BC-BIFFEX-MEMBERS-TO-BAL   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIFFEX MEMBERS TO BALLOT ON MERGER</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>Members of the Baltic International
+Freight Futures Exchange (BIFFEX) are to be balloted at the end
+of this week on whether it will merge with the London Commodity
+Exchange or come under a new umbrella of Baltic futures
+exchanges, a BIFFEX official said.
+    The final decision will be left with the BIFFEX board,
+which will meet at the end of this month, he said.
+    Last week three exchanges currently trading on the Baltic
+Exchange, the London Potato Futures Association, the GAFTA Soya
+Bean Meal Futures Association and the London Meat Futures
+Exchange, instructed legal advisers to implement a merger.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10413" NEWID="5500">
+<DATE>16-MAR-1987 12:41:45.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2881&#31;reute
+d f BC-MACHINE-TECHNOLOGY-&lt;M   03-16 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACHINE TECHNOLOGY &lt;MTEC> SEES 2ND QTR LOSS</TITLE>
+<DATELINE>    PARSIPPANY, N.J., March 16 - </DATELINE><BODY>Machine Technology Inc said it
+expects to report a second quarter loss of 13 to 17 cts per
+share on sales of about 4,400,000 dlrs.
+    A year earlier, it lost 139,000 dlrs or three cts per share
+on sales of 4,271,000 dlrs.
+    The company said it booked over six mln dlrs in the quarter
+and its backlog has risen 35 pct since the end of its fiscal
+year, leading it to expect improved results in the second half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10414" NEWID="5501">
+<DATE>16-MAR-1987 12:41:50.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2882&#31;reute
+d f BC-DOCUGRAPHIX-INC-&lt;DOCX   03-16 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOCUGRAPHIX INC &lt;DOCX> 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    CUPERTINO, Calif., March 16 -
+    </DATELINE><BODY>Shr loss six cts vs loss 18 cts
+    Net loss 31,896 vs loss 753,518
+    Revs 840,075 vs 716,361
+    Avg shrs 5.45 mln vs 4.17 mln
+    Nine mths
+    Shr loss 25 cts vs loss 55 cts
+    Net loss 1,271,972 vs loss 2,115,662
+    Revs 2,071,676 vs 1,933,562
+    Avg shrs 5.02 mln vs 3.85 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10415" NEWID="5502">
+<DATE>16-MAR-1987 12:41:57.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2884&#31;reute
+s f BC-NBD-BANCORP-&lt;NBD>-REG   03-16 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NBD BANCORP &lt;NBD> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    DETROIT, March 16 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts previously
+    Pay May 11
+    Record April Nine
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10416" NEWID="5503">
+<DATE>16-MAR-1987 12:43:17.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2889&#31;reute
+h f BC-EDWARD-HINES-LUMBER-N   03-16 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDWARD HINES LUMBER NET REALIZABLE VALUE SET</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>Edward Hines Lumber Co, which is in the
+process of complete liquidation, said the estimated net
+realizable value of its assets as of Dec 31, 1986 was four dlrs
+a share.
+    It said this is the same estimated per share value
+announced earlier in 1986.
+    The company said total liquidation distributions so far are
+slightly in excess of 40 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10417" NEWID="5504">
+<DATE>16-MAR-1987 12:44:02.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2893&#31;reute
+u f BC-CHEYENNE-SOFTWARE-&lt;CH   03-16 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEYENNE SOFTWARE &lt;CHEY> TO ISSUE NEWS RELEASE</TITLE>
+<DATELINE>    ROSLYN, N.Y., March 16 - </DATELINE><BODY>Cheyenne Software Inc, whose stock
+has been halted on NASDAQ, said it will issue a news
+release soon.
+    The company declined to comment on the nature of the news
+release.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10418" NEWID="5505">
+<DATE>16-MAR-1987 12:44:15.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2895&#31;reute
+u f BC-TRIANGLE-MICROWAVE-&lt;T   03-16 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIANGLE MICROWAVE &lt;TRMW> IN TALKS ON BUYOUT</TITLE>
+<DATELINE>    EAST HANOVER, N.J., March 16 - </DATELINE><BODY>Triangle Microwave Inc said
+it is involved in talks on its possible purchase by a
+"substantial U.S. company" it did not identify.
+    Triangle said no agreement has yet been reached and there
+can be no assurance that one will be reached. Any acquisitioon
+would be subject to approval by its shareholders and to
+regulatory filings, it said.
+    Triangle Microwave makes microwave system components and
+had earnings for the first half ended January 31 of 1,055,000
+dlrs on sales of 7,292,000 dlrs, up from earnings of 763,000
+dlrs on sales of 6,034,000 dlrs a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10419" NEWID="5506">
+<DATE>16-MAR-1987 12:44:33.58</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2897&#31;reute
+r f BC-YEUTTER-REPEATS-RETAL   03-16 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER REPEATS RETALIATION THREAT ON EC OIL TAX</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said the United States will retaliate if the European
+Community adopts a proposed tax on vegetable oils, but he did
+not say what EC products would be singled-out for reprisal.
+    Speaking to the National Grain and Feed Association (NGFA)
+convention here, Yeutter said he is "cautiously optimistic" the
+controversial oils tax proposal will be rejected by the EC
+Council of Ministers.
+    Yeutter said the proposed tax is a "flagrant violation of
+the spirit of GATT" because it would imperil the zero binding
+duty on U.S. exports of soybeans to Europe.
+    He said the Reagan administration has yet to decide on a
+retaliation list. The administration would not reveal a
+retaliation list unless the EC approved the proposal, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10420" NEWID="5507">
+<DATE>16-MAR-1987 12:45:32.94</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE><D>mulroney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f2900&#31;reute
+u f BC-CANADA'S-MULRONEY-SAY   03-16 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA'S MULRONEY SAYS U.S. TRADE DEAL NEARS</TITLE>
+<DATELINE>    OTTAWA, March 16 - </DATELINE><BODY>Prime Minister Brian Mulroney said
+"significant progress" was being made in trade talks with the
+United States and a profile of a major deal was emerging.
+    Opening a debate on free trade in the House of Commons,
+Mulroney said an accord would create thousands of jobs in
+Canada and bring greater economic prosperity to both countries.
+    Mulroney, who offered few new details of the talks, said
+that while the negotiations were risky and difficult, "a
+profile of a major trade deal is now emerging."
+  In a 50-minute address, Mulroney made an often passionate
+defense of the initiative that he said would give poorer areas
+of the country a major economic boost.
+    "Because of our trading patterns over a period of decades,
+we are in the process of building two Canadas -- one that is
+rich and promising, one that is under-developed and
+under-employed," said Mulroney.
+    "What we want is to make sure Newfoundlanders and British
+Columbians and Albertans and others, that they get their
+chance. They must be given the opportunity to trade their way
+to prosperity."
+    Few detials have been released on the trade talks which
+were launched nearly two years ago between the two nations that
+are each others most important trading partners.
+    Recent published reports in Canada, quoting senior trade
+sources, said the countries were close to reaching a trade deal
+and it will involve eliminating border trariffs and many
+non-tariff barriers over the next 10 to 12 years.
+    It has been reported a key stumbling block in the talks is
+a Canadian proposal to find a new way to settle trade disputes,
+something that would give Canada protection from Washington's
+tough trade remedy laws.
+    But Mulroney, sharply critical of protectionist sentiment
+in the U.S, said Canada was a "fair trader" and denied the
+government was pursuing the deal to win unfair access to the
+American market.
+    He said a trade deal must bring benefits to both sides.
+    "We recognize a good deal must be a fair deal, one that is
+fair to both sides," Mulroney said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10421" NEWID="5508">
+<DATE>16-MAR-1987 12:45:48.84</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2902&#31;reute
+d f BC-FRANCE-REDUCES-TRADE   03-16 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE REDUCES TRADE DEFICIT IN FEBRUARY</TITLE>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>France posted a seasonally adjusted trade
+deficit of 400 mln francs in February after a 2.5 billion franc
+deficit in January, the Finance Ministry said.
+    For the first two months of this year the trade deficit, on
+a seasonally adjusted basis, was 2.9 billion francs.
+    Unadjusted, the February deficit was 2.4 billion francs and
+the two-month cumulative deficit 8.1 billion, the ministry said
+in a statement.
+    The Ministry said February exports totalled 73.8 billion
+francs, an 8.9 pct increase on January, while imports totalled
+74.3 billion francs, an increase of 5.8 pct.
+    Farm and food trade showed a two billion franc surplus
+after a surplus of 2.4 billion in January.
+    The energy deficit was reduced to 6.5 billion francs from
+eight billion in January, while industrial trade showed a
+surplus of 1.4 billion francs against only 800 mln francs in
+January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10422" NEWID="5509">
+<DATE>16-MAR-1987 12:46:18.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2904&#31;reute
+u f BC-NYFE-SEAT-SELLS-FOR-2   03-16 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYFE SEAT SELLS FOR 200 DLRS</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>The New York Stock Exchange said a
+seat sold on the New York Futures Exchange for 200 dlrs,
+unchanged from the previous sale on March 13.
+    It also said a second seat sold on the NYFE for 100 dlrs,
+down 100 dlrs from the previous sale.
+    The current bid is for 100 dlrs and the offer is for 300
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10423" NEWID="5510">
+<DATE>16-MAR-1987 12:47:53.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2910&#31;reute
+f f BC-******NAVISTAR-RECALL   03-16 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NAVISTAR RECALLING 52,000 TRUCKS AND BUSES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10424" NEWID="5511">
+<DATE>16-MAR-1987 12:48:27.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2911&#31;reute
+r f BC-NCR-&lt;NCR>-SEES-GOOD-C   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NCR &lt;NCR> SEES GOOD CHANCE FOR RECORD YEAR NET</TITLE>
+<DATELINE>    BOSTON, March 16 - </DATELINE><BODY>NCR Corp is very optimistic that it will
+post record revenues and profits for 1987, Charles E. Exley Jr,
+chairman and president, said.
+    "Much of our considerable optimism about the future is
+based on the strength of a continuing flow of new products,"
+Exley told a meeting of securities analysts. "Our current
+position is the strongest in modern NCR history with
+new-generation offerings deliverable in every major category
+this year."
+    For 1986, NCR's earnings rose nine pct, to 3.42 dlrs a
+share, on sales that increased 13 pct, to 4.9 billion dlrs.
+    During the balance of 1987, Exley said NCR will pay close
+attention to increasing its penetration of major accounts,
+expanding its third-party distribution channels and continuing
+its introduction of new products.
+    "In 1986, new products introduced within the proceding 36
+months accounted for more than 65 pct of our major equipment
+order activity," he said.
+    "At the end of two months," he added," I can say we are off
+to a good start" for 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10425" NEWID="5512">
+<DATE>16-MAR-1987 12:49:06.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f2913&#31;reute
+u f BC-DESJARDINS-GROUP-CONS   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DESJARDINS GROUP CONSIDERING SHARE OFFERING</TITLE>
+<DATELINE>    MONTREAL, March 16 - </DATELINE><BODY>&lt;Desjardins Group>, the Quebec credit
+union organization with 30 billion dlrs in assets, needs a new
+structure to raise capital and compete outside of Quebec and is
+considering a share issue, president Claude Beland said.
+    Beland said the group is considering forming a holding
+company which would raise capital by issuing preferred,
+non-voting shares.
+    "If we want to expand we have to look into other markets,"
+Beland said in an interview. "Right now we have many
+opportunities but we don't have the tools to react properly,"
+he said.
+    The co-operative organization, which was founded in 1900,
+said it accounts for 38 pct of Quebec consumer loans, 50 pct of
+mortgage loans, and 18 pct of commercial loans in the province.
+It said it also controls Quebec's largest life insurance
+company.
+           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10426" NEWID="5513">
+<DATE>16-MAR-1987 12:49:43.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2916&#31;reute
+u f BC-FIAT-CONVERTIBLE-BOND   03-16 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIAT CONVERTIBLE BOND OPTION UNDER STUDY</TITLE>
+<DATELINE>    ROME, March 16 - </DATELINE><BODY>Sources close to the Italian state credit
+institution (Istituto Mobiliare Italiano - IMI) said a
+convertible bond issue was one of the possibilities being
+studied to facilitate market absorption of Fiat shares sold
+last year by Libya and still in the hands of banks.
+    The sources could give no further details of the options
+under study.
+    A Fiat spokesman contacted by Reuters said the company had
+no comment to make on the possibility of a convertible bond
+issue, saying any decision to be taken "did not depend on Fiat."
+    Italian press reports that a bond issue was under study
+pushed Fiat's shares higher on the Milan bourse today.
+    The company's ordinary shares closed in Milan today at
+12,540 lire in Milan today, up from a closing 12,195 Friday.
+    Fiat preference shares and savings (non-voting) shares
+gained even more strongly, closing at 7,740 and 7,841 lire
+respectively against 7,353 and 7,600 Friday.
+    Bourse dealers say the fall in value of Fiat stock over the
+last six months partly reflects selling by foreign operators of
+shares acquired as a result of the 2.1 billion dlr equity offer
+after Libya sold its minority stake last September.
+    On September 23, 1986, the day Fiat announced it had
+reached an agreement under which Libya would sell its 15 pct
+stake, Fiat shares closed in Milan at 16,600 lire. Since then,
+the trend has been down.
+    Last September's share offer, which triggered criticism by
+underwriters about the handling of the sale, opened at a
+substantial discount to its offer price, resulting in losses
+for holders of the shares.
+    Some analysts have said the size of offer was too big for
+the market to handle efficiently.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10427" NEWID="5514">
+<DATE>16-MAR-1987 12:50:44.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2923&#31;reute
+r f BC-AEROSPATIALE-STUDYING   03-16 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEROSPATIALE STUDYING HIGH-SPEED AIRLINER</TITLE>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>France's state-owned Aerospatiale is
+working on designs for a hypersonic plane to fly 150 passengers
+at five times the speed of sound, and plans to unveil computer
+studies at the Paris air show in June, a company spokesman
+said.
+    The plane, which is similar in concept to the Orient
+Express project announced by President Reagan last year, would
+have four ram-jet motors, lacking the moving parts of
+conventional turbo-jet engines, and each having 30 tonnes of
+thrust.
+    It would cruise at an altitude of up to 30,000 metres,
+around three times higher than conventional aircraft and nearly
+twice as high as the Anglo-French Concorde supersonic jet.
+    With a range of 12,000 km it would be capable of flying
+from Paris to New York in one hour, compared with three hours
+taken by Concorde, and Paris to Tokyo in two hours.
+    The aircraft could reach speeds in excess of 5,000 km an
+hour.
+    The Aerospatiale spokesman said its research scientists had
+been working on the project for about two years, drawing on the
+experience it gained from Concorde as well as experience in
+heat-resistant materials needed on high-speed aircraft which it
+has developed from building French nuclear missiles.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10428" NEWID="5515">
+<DATE>16-MAR-1987 12:51:58.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2931&#31;reute
+u f BC-FLOATING-RATE-NOTE-MA   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLOATING RATE NOTE MARKET STILL IN TURMOIL</TITLE>
+<AUTHOR>    By Dominique Jackson, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The market in floating rate notes showed
+no clear signs of recovery today from the confusion which sent
+prices tumbling and paralysed trading at the end of last week,
+dealers and bank officials said.
+    FRN dealers said at least 10 houses did not open for
+business with many market operators pausing to assess their
+next steps in the wake of Friday's huge drops and panic
+trading.
+    Despite some late signs that prices were recovering last
+week, today's erratic trade provided a similarly mixed final
+picture with longer-dated FRNs still clearly under pressure.
+    While FRN specialists noted that paper on which coupons are
+shortly due to be refixed had managed to hold up today, as had
+notes paying a relatively higher margin, longer term FRNs were
+still subject to intense selling pressure.
+    "Anything longer than 10 years is still being sold off
+seriously, as is just about any paper in the banking sector,"
+one FRN market source at a leading U.S. House said.
+    He noted that one long-dated Citicorp issue -- paper which
+has suffered recently on fears over Latin American debt
+exposure -- slipped by two points to around 94.00. FRNs, whose
+coupons are refixed regularly, usually trade around par.
+    U.S. And Canadian bank paper was still generally under
+pressure, as was Republic of Ireland paper, due to renewed
+worries about the Irish economic situation.
+    The malaise was felt through the banking sector with a two
+point fall registered by one BNP note, to give a three point
+drop over two trading days.
+    Retail clients, usually seen returning to the market as
+price falls push yield margins up to these attractive levels,
+have been unnerved by the last three days' panic, dealers said.
+    "Yes, there's been some bargain hunting, but no one dares to
+be first to come seriously back in," said one dealer.
+    "A handful of market giants have frightened the retail away
+with this aggressive manipulation. As true liquidity drains, we
+are going to have to see some better market cooperation and
+rationalisation," commented one FRN trader now dealing with
+straight bond issues since the floater market crisis.
+    This view was shared by the majority of FRN market sources
+polled by Reuters since trade began to collapse last week.
+    Of the 50 or so houses who have up until now made a market
+in floaters, dealers estimated that around a dozen did not
+quote FRN prices today and they reported that one or two houses
+were not expected to resume trade in the securities at all.
+    Many called meetings to assess the current market
+situation.
+    "Given the potential volatility of this market -- one which
+has been conclusively proved by the events of the last days --
+senior management are now duty bound to revise the set of
+parameters within which they, as market makers, are now to
+work," commented one senior source at a leading U.K. Investment
+house.
+    However, there were no reports that a formal crisis meeting
+of market makers -- such as that called in December last year
+during the perpetual FRN market collapse -- was on the cards.
+    Several firms were expected to cut back drastically on the
+list of FRNs traded, with most volatile paper first to go.
+    Elsewhere in the eurobond market, business was extremely
+quiet, with virtually no activity seen in the dollar straight
+sector which has been becalmed of late, traders said.
+    "There has been no real two-way business today, neither has
+there been any new issues for diversion," noted one trader.
+    "All we have seen today is some squaring up of positions,"
+she added. Investors remain cautious of the dollar, which
+though recently stable, still has potential downside risk.
+    Eurosterling, the market sector which, aside from the FRNs,
+has been in the headlines lately, was quiet today ahead of the
+U.K. Government budget due to be announced tomorrow.
+    Undertone was very firm with dealers expecting a positive
+fiscal package tomorrow and, if not more good economic news to
+boost sterling, at least confirmation of the bull factors which
+have bolstered eurosterling and gilt-edged bonds lately.
+    "It was just sit and wait today but I expect it will be full
+steam ahead on Wednesday," commented one sterling market source.
+    Prices showed gains to 1/8 to 3/8 point across the board.
+    Dealers said several new eurosterling issues were currently
+in the pipeline and an early issue is expected to be for a
+major European bank which currently has a mandate in the
+market.
+    In other sectors, euroyen also maintained its firm tone.
+    Although the market is expected to be resting until trading
+switches to an April value date, the euroyen sector is expected
+to be buoyed by some professional switching out of Japanese
+government bonds into relatively cheaper euroyen bonds.
+    Two new yen issues were features on an otherwise quiet
+primary market. Both for 15 billion yen due 1992, the first for
+Eksportfinans was at five pct and 103 pct, led by Mitsubishi
+Finance International. The second for Export Development Corp
+at 4-1/2 pct and 101-7/8 pct led by Bank of Tokyo
+International.
+    The day's only other feature was a targetted 30 mln dlr
+stepped coupon deal for Kawasaki Steel due 1994.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10429" NEWID="5516">
+<DATE>16-MAR-1987 12:52:48.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2936&#31;reute
+u f BC-AMERITRUST   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITABLE BANC &lt;EBNC> BOSS HAS AMERITRUST STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>A group controlled by Equitable
+Bancorp Chairman Alfred Lerner said it has acquired a 9.6 pct
+stake in AmeriTrust Corp &lt;AMTR> and may buy up to 24.9 pct if
+obtains regulatory approval.
+    In a filing with the Securities and Exchange Commission,
+the group said it bought its stake of 2.0 mln Ameritrust common
+shares, for 81.1 mln dlrs as an investment.
+    But the group, acting through Clevebaco L.P., a Cleveland
+partnership, also said it would seek regulatory approval to
+increase its stake. Lerner owns Clevebaco Corp, which is the
+general partner of Clevebaco L.P.
+    The Lerner group said it filed with the Federal Reserve
+Board on March 13 notice of its intent to buy more than 10 pct
+of the common stock of AmeriTrust, a Cleveland bank holding
+company.
+    If the Fed approves, Lerner, whose Equitable Bancorp is
+also in Cleveland, said he intends to buy more AmeriTrust
+stock, subject to market conditions and other factors.
+    Since Lerner heads a bank holding company with assets
+greater than one billion dlrs, he said he is barred by law from
+serving as a director or officer of AmeriTrust or of having his
+representatives on its board.
+    Lerner said he has no intention of influencing AmeriTrust
+management or its policies.
+    The group said Clevebaco L.P. bought one mln of its shares
+from Bear, Stearns and Co Inc on March 9 at 41 dlrs a share.
+    Lerner said he accumulated the other one mln shares through
+March 3 and sold them to Clevebaco L.P., which he controls, on
+March 10 for 40.10 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10430" NEWID="5517">
+<DATE>16-MAR-1987 12:53:25.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2940&#31;reute
+u f BC-AMERICAN-SECURITY-&lt;AS   03-16 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN SECURITY &lt;ASEC> BUYOUT COMPLETED</TITLE>
+<DATELINE>    BALTIMORE, March 16 - </DATELINE><BODY>Maryland National Corp &lt;MDNT> said it
+has completed the acquisition of American Security Corp in an
+exchange of 0.81 Maryland share for each of American's 12 mln
+shares outstanding.
+    The company said the mandatory 30-day review by the U.S.
+Justice Department was completed today.
+    Maryland National said American Security shareholders will
+be entitled to receive the 32-1/2 ct per share Maryland
+National regular quarterly dividend that is payable March 31 to
+holders of record today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10431" NEWID="5518">
+<DATE>16-MAR-1987 12:53:37.50</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2941&#31;reute
+u f BC-U.S.-COULD-COMPLAIN-T   03-16 0147</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COULD COMPLAIN TO GATT ON CANADA CORN DUTY</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter suggested the U.S. could file a formal complaint with
+the General Agreement on Tariffs and Trade (GATT) challenging
+Canada's decision to impose duties on U.S. corn imports.
+    Asked about the Canadian government decision to apply a
+duty of 84.9 cents per bushel on U.S. corn shipments, Yeutter
+said the U.S. could file a formal complaint with GATT under the
+dispute settlement procedures of the subsidies code.
+    Other U.S. options would be to appeal the decision in
+Canadian courts, or to retaliate against Canadian goods, a
+lower-level U.S. trade official said. However, retaliation is
+an unlikely step, at least initially, that official said. No
+decision on U.S. action is expected at least until after
+documents on the ruling are received here later this week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10432" NEWID="5519">
+<DATE>16-MAR-1987 12:56:33.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2953&#31;reute
+f f BC-******CONRAIL-SAID-IN   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONRAIL SAID INITIAL OFFERING COULD BE MADE NEXT WEEK AT 26 TO 29 DLRS SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10433" NEWID="5520">
+<DATE>16-MAR-1987 12:58:14.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2961&#31;reute
+r f BC-RAINIER-&lt;RBAN>-COMPLE   03-16 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAINIER &lt;RBAN> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    SEATTLE, March 16 - </DATELINE><BODY>Rainier Bancorp said it completed the
+acquisition of Tacoma, Wash.-based United Bank, for 59 mln dlrs
+worth of Rainier stock.
+    United, a savings bank with 607 mln dlrs in assets and 23
+offices, will operate as a wholly-owned subsidiary, Rainier
+said.
+    Rainier, which last month agreed to merge with Security
+Pacific Corp &lt;SPC>, said the United acquisition will increase
+its assets to 9.8 billion dlrs from the 9.2 billion reported at
+the end of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10434" NEWID="5521">
+<DATE>16-MAR-1987 12:58:50.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2964&#31;reute
+u f BC-NAVISTAR-&lt;NAV>-RECALL   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAVISTAR &lt;NAV> RECALLING 52,000 TRUCKS, BUSES</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>Navistar International Corp said it is
+recalling 33,000 medium tucks and 19,000 school buses equipped
+with power assisted hydraulic brakes to modify the electrical
+power supply to the backup breaking system.
+    The company said an electrical failure in the main engine
+wiring harness could stall the engine, knocking out the primary
+power assist to the brakes while simultaneously shutting off
+electrical power to the backup pump. This would render the
+vehicle's service brakes inoperative.
+    It said it is aware of only one accident arising from the
+problem.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10435" NEWID="5522">
+<DATE>16-MAR-1987 12:59:19.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2967&#31;reute
+s f BC-FRANKLIN-RESOURCES-IN   03-16 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN RESOURCES INC &lt;BEN> SETS QUARTERLY</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 16 -
+    </DATELINE><BODY>Qtly div six cts vs six cts prior
+    Pay April 10
+    Record March 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10436" NEWID="5523">
+<DATE>16-MAR-1987 13:01:07.36</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2974&#31;reute
+b f BC-BALLADUR-MAINTAINS-19   03-16 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR MAINTAINS 1987 FRENCH INFLATION TARGET</TITLE>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>Finance Minister Edouard Balladur said he
+was maintaining his 2.5 pct inflation target for 1987 after the
+announcement earlier today of a 3.4 pct year-on-year rise in
+retail prices for February.
+    He told a radio interviewer he saw no reason to revise his
+target for 1987 after the February monthly result of between
+0.1 to O.2 pct, following a 0.9 pct rise in January (three pct
+year on year) that forced the government to revise an earlier
+target of two pct to a current 2.5 pct.
+    He said he was happy with "a good result" for February but
+stressed a need for continued "vigilance" against inflation.
+    A Finance Ministry statement said the year-on-year
+differential between French and lower West German inflation
+rates, calculated on the last three months, had narrowed in
+February to two to 2.3 pct compared to 2.7 pct in January.
+    If calculated on the last 12 months, the differential came
+to 3.9 pct, the statement said, adding "The tendency is
+therefore one of a lessening of the inflation gap with our main
+trading partner."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10437" NEWID="5524">
+<DATE>16-MAR-1987 13:02:03.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2977&#31;reute
+d f BC-COLOROCS-&lt;CLRX>-SIGNS   03-16 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOROCS &lt;CLRX> SIGNS AGREEMENTS WITH SHARP</TITLE>
+<DATELINE>    NORCROSS, Ga., March 16 - </DATELINE><BODY>Colorocs Corp said it signed a
+product supply agreement with &lt;Sharp Corp> under which Sharp
+will be the exclusive manufacturer of Colorocs full color
+copiers.
+    In addition, the company said it signed a licensing
+agreement under which Sharp will sell a version of the Colorocs
+copier under the Sharp name.
+    The companies previously announced a joint copier
+development program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10438" NEWID="5525">
+<DATE>16-MAR-1987 13:03:31.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2984&#31;reute
+u f BC-GENERAL-CINEMA-&lt;GCN>   03-16 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL CINEMA &lt;GCN> SEES FLAT 1987 NET</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>General Cinema Corp said it expects
+flat net income for fiscal 1987 ending Oct. 31 against 125.8
+mln dlrs or 3.43 dlrs a share a year ago.
+    The company said the costs of a restructuring at its Carter
+Hawley Hale Stores Inc unit and the previous purchase of an 8.5
+pct stake in &lt;Cadbury Schweppes PLC> will lead to the flat net
+figure.
+    It also said it may raise its stake in Cadbury Schweppes to
+25 pct, but has not made any additional stock purchases so far.
+    According to the restructuring, Carter Hawley plans to
+spin-off its specialty stores, including Neiman-Marcus,
+Bergdorf Goodman and Contempo Casuals, into a new company named
+&lt;Neiman-Marcus Group>, whose shares will trade on the New York
+Stock Exchange, it said.
+    As previously announced, General Cinema will own 60 pct of
+the equity and 40 pct of the voting shares in the new company.
+The restructuring is subject to approval by Carter Hawley
+shareholders.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10439" NEWID="5526">
+<DATE>16-MAR-1987 13:05:47.18</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2993&#31;reute
+r f BC-levon-resources   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEVON RESOURCES &lt;LVNVF> GOLD ASSAYS IMPROVED</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 16 - </DATELINE><BODY>Levon Resources Ltd
+said re-checked gold assays from the Howard tunnel on its
+Congress, British Columbia property yielded higher gold grades
+than those reported in January and February.
+    It said assays from zone one averaged 0.809 ounces of gold
+a ton over a 40 foot section with an average width of 6.26
+feet. Levon previously reported the zone averaged 0.226 ounces
+of gold a ton over a 40 foot section with average width of 5.16
+feet. Levon said re-checked assays from zone two averaged 0.693
+ounces of gold a ton over a 123 foot section with average width
+of 4.66 feet.
+    Levon Resources said the revised zone two assays compared
+to previously reported averages of 0.545 ounces of gold a ton
+over a 103 foot section with average width of 4.302 feet.
+    The company also said it intersected another vein 90 feet
+west of zone two, which assayed 0.531 ounces of gold a ton
+across a width of 3.87 feet.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10440" NEWID="5527">
+<DATE>16-MAR-1987 13:06:52.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3001&#31;reute
+r f BC-PARIS-FUTURES-MARKET   03-16 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIS FUTURES MARKET TO NAME NEW MEMBERS</TITLE>
+<DATELINE>    PARIS, March 16 - </DATELINE><BODY>The Paris Financial Futures Market,
+MATIF, will shortly name 12 new members, bringing its total
+membership to 100 from 88, market officials said.
+    The 12 new members will be selected from a list of 28
+candidates and priority will be given to foreign applicants
+with the aim of internationalising the market, they said.
+    The MATIF was set up in February 1986 with a founding
+membership of 44 brokers and 40 banks. Turnover currently
+averages about 20,000 contracts a day.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10441" NEWID="5528">
+<DATE>16-MAR-1987 13:07:05.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3002&#31;reute
+s f BC-&lt;TEECO-PROPERTIES-LP>   03-16 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TEECO PROPERTIES LP> SETS CASH DISTRIBUTION</TITLE>
+<DATELINE>    NEW YORK, March 16 - 
+    </DATELINE><BODY>Qtly distribution 10 cts per unit vs 10 cts prior
+    Pay April 20
+    Record March 31
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10442" NEWID="5529">
+<DATE>16-MAR-1987 13:08:50.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3007&#31;reute
+u f BC-ROWNTREE-CONVERTIBLE   03-16 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROWNTREE CONVERTIBLE INCREASED, TERMS SET</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>A 15 year convertible bond for Rowntree
+Mackintosh Plc has been increased to 69 mln stg from the
+original 55 mln and the coupon set at 4-1/2 pct against an
+indicated 4-1/2 to 4-3/4 pct, lead manager J. Henry Schroder
+Bank said.
+    The conversion price was set at 557p, representing a
+premium of 14.3 pct over the stock's closing price for the last
+three business days of 496p. The put option will be at 125 pct
+to yield 8.7 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10443" NEWID="5530">
+<DATE>16-MAR-1987 13:10:35.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3012&#31;reute
+d f BC-&lt;RADIX-VENTURES-INC>   03-16 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;RADIX VENTURES INC> 2ND QTR JAN 31 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 16 -
+    </DATELINE><BODY>Shr loss three cts vs loss 12 cts
+    Net loss 25,836 vs loss 88,819
+    Revs 50.3 mln vs 45.2 mln
+    Six mths
+    Shr profit nil vs loss 18 cts
+    Net profit 2,843 vs loss 137,653
+    Revs 109.3 mln vs 99.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10444" NEWID="5531">
+<DATE>16-MAR-1987 13:10:48.90</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f3013&#31;reute
+u f BC-TRADE-SEES-STEADY-COR   03-16 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE SEES STEADY CORN/WHEAT EXPORT INSPECTIONS</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>The USDA's weekly export inspection
+report is expected to show steady corn and wheat exports and
+lower soybean exports, according to CBT floor traders'
+forecasts.
+    Traders projected soybean exports at 16 mln to 18 mln
+bushels, down from 18.6 mln bushels a week ago and 20.3 mln
+bushels a year ago.
+    Corn guesses ranged from 22 mln to 26 mln bushels, compared
+with 25.2 mln bushels a week ago and 22.4 million bushels a
+year ago.
+    Wheat guesses ranged from 13 mln to 17 mln bushels,
+compared with 16.8 mln bushels a week ago and 13.4 mln bushels
+a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10445" NEWID="5532">
+<DATE>16-MAR-1987 13:11:03.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3014&#31;reute
+d f BC-ADOBE-SYSTEMS-INC-&lt;AD   03-16 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADOBE SYSTEMS INC &lt;ADBE> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 16 -
+    </DATELINE><BODY>Shr 15 cts vs six cts
+    Net 1,410,000 vs 550,000
+    Revs 6,901,000 vs 2,392,000
+    Avg shrs 10,326,000 vs 9,064,000
+    Note:  Prior qtr per share figure adjusted for two-for-one
+stock split of February 27.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10446" NEWID="5533">
+<DATE>16-MAR-1987 13:11:32.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3017&#31;reute
+r f BC-ARMTEK-&lt;ARM>-COMPLETE   03-16 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMTEK &lt;ARM> COMPLETES SALE OF ASSETS</TITLE>
+<DATELINE>    GREENWICH, Conn., March 16 - </DATELINE><BODY>Armtek Corp, formerly
+Armstrong Rubber Co, completed the previously announced sale of
+its Natchez, Miss., tire plant and other assets to &lt;Condere
+Corp>, Condere said.
+    Condere, formed to acquire the Armstrong assets, said it
+named Dennis Terwillger, formerly vice president and controller
+of Armstrong's Tire Division, president.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10447" NEWID="5534">
+<DATE>16-MAR-1987 13:12:56.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3027&#31;reute
+d f BC-VW-FOREIGN-EXCHANGE-E   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW FOREIGN EXCHANGE INQUIRIES FOCUS ON WOLFSBURG</TITLE>
+<DATELINE>    BRUNSWICK, West Germany, March 16 - </DATELINE><BODY>West German state
+prosecutors have focussed their inquiries in the suspected
+foreign exchange fraud reported by Volkswagen &lt;VOWG.F> on
+Wolfsburg, the company's headquarters, the state prosecutor's
+office said here.
+    Chief state prosecutor Carl Hermann Retemeyer told Reuters
+his office would focus its attention on Wolfsburg, and not
+Frankfurt as newspaper reports suggested over the weekend.
+    "We asked Frankfurt prosecutors to assist us in our
+investigations but their findings led us to believe that we
+have to concentrate on Wolfsburg," Retemeyer said.
+    The newspaper Welt am Sonntag said yesterday the state
+prosecutors investigation was now focusing on possible outside
+banking accomplices.
+    The company's reported loss of 480 mln marks in currency
+transactions aimed at hedging against fluctuations in the value
+of the U.S. Dollar has produced a shake-up among senior staff.
+VW announced over the weekend that Rolf Selowsky, financial
+member of the management board, had resigned.
+    Hanns Christian Schroeder-Hohenwarth, president of the West
+German Federation of Banks, said today that no member bank was
+involved in activities which led to the currency loss.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10448" NEWID="5535">
+<DATE>16-MAR-1987 13:13:00.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3028&#31;reute
+h f BC-202-DATA-SYSTEMS-INC   03-16 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>202 DATA SYSTEMS INC &lt;TOOT> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    WAYNE, Pa., March 16 -
+    </DATELINE><BODY>Shr three cts vs four cts
+    Net 101,376 vs 125,922
+    Revs 568,884 vs 494,227
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10449" NEWID="5536">
+<DATE>16-MAR-1987 13:13:26.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3031&#31;reute
+h f BC-GENRAD-&lt;GEN>-SHIPS-CH   03-16 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENRAD &lt;GEN> SHIPS CHIP TEST SYSTEM</TITLE>
+<DATELINE>    MILPITAS, Calif., March 16 - </DATELINE><BODY>GenRad Inc said its
+Semiconductor Test Group shipped a GR125 VSLI test system to
+Marshall Industries &lt;MI>.
+    GenRad said the new digital integrated circuit tester will
+be used in Marshall's Milpitas plant for retest and
+certification of programmable logic devices that Marshall
+distributes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10450" NEWID="5537">
+<DATE>16-MAR-1987 13:14:33.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3034&#31;reute
+r f BC-VISHAY-&lt;VSH>-SETS-TWO   03-16 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VISHAY &lt;VSH> SETS TWO PCT STOCK DIVIDEND</TITLE>
+<DATELINE>    MALVERN, Pa., March 16 - </DATELINE><BODY>Vishay Intertechnology Inc said
+its board declared a two pct stock dividend, payable April 10
+to holders of record on March 26.
+    The company said the stock dividend will be paid only to
+holders of commons tock who do not exchange for Class B stock
+in Vishay's current exchange offer, which expires March 25.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10451" NEWID="5538">
+<DATE>16-MAR-1987 13:15:34.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3038&#31;reute
+h f BC-onyx-petroleum   03-16 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ONYX PETROLEUM EXPLORATION CO LTD> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 16 -
+    </DATELINE><BODY>Shr loss 2.82 dlrs vs profit 35 cts
+    Net loss 10,556,478 vs profit 1,286,341
+    Revs 6,202,157 vs 7,641,290
+    Note: 1986 shr and net after 10,282,353 dlr writedown on
+oil and gas property values
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10452" NEWID="5539">
+<DATE>16-MAR-1987 13:15:44.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f3039&#31;reute
+u f BC-HUGHES'-U.S.-RIG-COUN   03-16 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES' TOOL &lt;HT> U.S. RIG COUNT DECLINES</TITLE>
+<DATELINE>    HOUSTON, March 16 - </DATELINE><BODY>U.S. drilling activity fell last week,
+with the number of active rotary rigs dropping by five to 761,
+against 1,137 working rigs one year ago, Hughes Tool Co said.
+    The drilling rig count, which historically falls during the
+first quarter of each year, has dropped steadily since early
+January when a total of 962 rotary rigs were working. Hughes
+economist Ike Kerridge said the U.S. rig count was expected to
+fall to a about 700 working rigs by mid-April.
+    "I think we're pretty much on track with the expectation
+that the seasonal low will come in late March or early April,"
+he said. "We're getting close to the bottom."
+   Among individual states, Texas and Oklahoma reported gains
+in drilling activity last week, with increases of 21 and 13,
+respectively. Kerridge attributed the jump in activity to the
+likelihood that many of the rigs were omitted from the previous
+week's count because they were in transit or being prepared for
+work. In the week ended March 9, the rig count for Texas and
+Oklahoma fell by 23 and 13, respectively.
+    Other states reported slight decreases in drilling activity
+last week, Hughes said. Wyoming and Louisiana were down by six,
+Kansas and Colorado lost four and Michigan and West Virginia
+were down by three rigs.
+    Most of the week's decrease came among rigs used for
+onshore drilling, which dropped to a total of 669 from last
+week's 671. A total of 74 rigs were active offshore and 1 were
+working in inland waters during the week, Hughes Tool said.
+    In Canada, the rig count was up 1 to 181, against 367 one
+year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10453" NEWID="5540">
+<DATE>16-MAR-1987 13:16:42.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3042&#31;reute
+d f BC-INTEGRATED-CIRCUITS-&lt;   03-16 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED CIRCUITS &lt;ICTM> SETS RECORD DATE</TITLE>
+<DATELINE>    REDMOND, Wash., March 16 - </DATELINE><BODY>Integrated Circuits Inc said it
+set March 17 as the record date for its previously announced 10
+pct stock dividend.
+    The company said it will distribute the dividend on March
+31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10454" NEWID="5541">
+<DATE>16-MAR-1987 13:19:12.41</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f3049&#31;reute
+r f BC-BP-&lt;BP>-UNIT-SEES-MIN   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP &lt;BP> UNIT SEES MINE PROCEEDING</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>British Petroleum Co PLC said based on
+a feasibility report from &lt;Ridgeway Mining Co>, its joint
+venture Ridgeway Project in South Carolina could start
+commercial gold production by mid-1988.
+    The company said the mine would produce at an approximate
+rate of 158,000 ounces of gold per year over the first four
+full years of operation from 1989 through 1992 and at an
+average of 133,000 ounces a year over the full projected
+11-year life of the mine.
+    BP's partner in the venture is Galactic Resources Ltd
+&lt;GALCF> of Toronto.
+    The company said subject to receipt of all statutory
+permits, finalization of financing arrangements and management
+and joint venture review, construction of a 15,000 short ton
+per day processing facility can start.  Capital costs to bring
+the mine into production are estimated at 76 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10455" NEWID="5542">
+<DATE>16-MAR-1987 13:19:50.70</DATE>
+<TOPICS><D>trade</D><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>norway</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM Y A
+&#22;&#22;&#1;f3051&#31;reute
+u f BC-NORWAY-APPROVES-TRADE   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY APPROVES TRADE BAN AGAINST SOUTH AFRICA</TITLE>
+<DATELINE>    OSLO, March 16 - </DATELINE><BODY>Norway's parliament has approved an
+extensive trade ban against South Africa but left shipowners a
+key loophole through which controversial oil shipments on
+Norwegian tankers may continue, government officials said.
+    The unilateral boycott, proposed by Norway's minority
+Labour government, gives domestic companies until late
+September to cut remaining trade ties with South Africa and
+Namibia.
+    "The legislation discussed today must not be seen as an
+isolated measure, but as a step in an international process,"
+Norway's foreign minister Thorvald Stoltenberg told parliament.
+    Government officials said they hope the move will intensify
+international pressure against the Pretoria regime's apartheid
+policies. Sweden, in a similar move last week, promised to halt
+all trade with South Africa by October.
+    Norway's boycott, although forbidding crude oil shipments
+to South Africa on Norwegian-owned tankers, makes an important
+exception for ships whose final destination is decided while
+they are at sea.
+    Oil cargoes are often resold by trades after loading,
+making it difficult for shipowners to know their ships' final
+port at the start of a voyage.
+    Critics said the bill leaves the door open for continued
+oil shipments to South Africa. They called for stricter
+sanctions to stop all Norwegian shipping to South Africa.
+    Norwegian tankers supplied South Africa with about 30 pct
+of its crude imports during the early 1980s, but the trade has
+dropped sharply to just one cargo in the last three months,
+trade ministry officials said.
+    The latest trade figures show Norwegian imports from South
+Africa dropped 36 pct to 160 mln crowns during the first eight
+months of 1986, while exports plunged 52 pct to 265 mln crowns
+from the year-ago figure.
+    "Many would say that the law has already had its effect
+because of the dramatic drop in trade between South African and
+Norway," Foreign Ministry spokesman Per Paust told Reuters.
+    "Norwegian business at an early stage started restructuring
+its relations with South Africa in anticipation of the law.
+    "No one has said the boycott will have a profound effect on
+international trade with South Africa, but it is an important
+political statement by the Norwegian government," he said.
+    The Oslo government said it will review the effects of the
+ban on Norwegian industry after two years and may propose
+amendments if industry can show it is hurt by the law.
+    Norwegian imports from South Africa are limited mainly to
+high-grade manganese and coppernickle ores used in it
+ferro-alloys and light metals industries.
+    Metals manufacturers estimate some 2,000 jobs could be
+affected by the boycott is suitable replacements for these ores
+are not found.
+    The legislation now goes on to the upper house for formal
+ratification later this week, parliamentarians said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10456" NEWID="5543">
+<DATE>16-MAR-1987 13:20:49.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3055&#31;reute
+r f BC-MSA-REALTY-CORP-&lt;SSS>   03-16 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MSA REALTY CORP &lt;SSS> 4TH QTR NET</TITLE>
+<DATELINE>    INDIANAPOLIS, March 16 -
+    </DATELINE><BODY>Shr profit four cts vs loss two cts
+    Net profit 247,970 vs loss 57,341
+    Revs 2,393,622 vs 2,627,612
+    Avg shrs 5,958,432 vs 2,440,100
+    Year
+    Shr profit 71 cts vs loss 35 cts
+    Net profit 3,213,310 vs loss 849,180
+    Revs 14.6 mln vs 9,099,767
+    Avg shrs 6,177,666 vs 2,440,083
+    NOTE: 1986 4th qtr and yr net includes a loss of 85,000
+dlrs and a gain of 250,000 dlrs, respecitvely, for
+extraordinary item.
+    1986 net assumes all warrants exercised for the 2nd qtr
+only. The adjustment to second quarter income for earnings per
+share was 1,175,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10457" NEWID="5544">
+<DATE>16-MAR-1987 13:21:13.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3058&#31;reute
+r f BC-LEAR-PETROLEUM-PARTNE   03-16 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEAR PETROLEUM PARTNERS LP &lt;LPP> 4TH QTR LOSS</TITLE>
+<DATELINE>    DALLAS, March 16 -
+    </DATELINE><BODY>Oper shr loss nil vs loss nil
+    Oper net loss 112,000 vs loss 125,000
+    Revs nil vs nil
+    Avg shrs 26.7 mln vs 21.9 mln
+    Year
+    Oper shr loss two cts vs loss two cts
+    Oper net loss 450,000 vs loss 503,000
+    Revs nil vs nil
+    Avg shrs 24.8 mln vs 20.8 mln
+    NOTE: Net excludes losses from discontinued oil and natural
+gas operations of 44.7 mln dlrs vs 9,489,000 dlrs in quarter
+and 92.3 mln dlrs vs 80.7 mln dlrs in year.  Company sold all
+its operations at the end of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10458" NEWID="5545">
+<DATE>16-MAR-1987 13:21:50.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3062&#31;reute
+h f BC-WESTRONIC-INC-&lt;WSTX>   03-16 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTRONIC INC &lt;WSTX> YEAR LOSS</TITLE>
+<DATELINE>    MIDVALE, Utah, March 16 -
+    </DATELINE><BODY>Shr loss 1.13 dlr vs loss 2.04 dlrs
+    Net loss 3,674,000 vs loss 3,016,000
+    Revs 2,894,000 vs 1,464,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10459" NEWID="5546">
+<DATE>16-MAR-1987 13:21:59.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3063&#31;reute
+s f BC-KENAN-TRANSPORT-CO-&lt;K   03-16 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENAN TRANSPORT CO &lt;KTCO> SETS QUARTERLY</TITLE>
+<DATELINE>    CHAPEL HILL, N.C., March 16 -
+    </DATELINE><BODY>Qtly div four cts vs four cts prior
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10460" NEWID="5547">
+<DATE>16-MAR-1987 13:22:54.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3067&#31;reute
+d f BC-&lt;RAPHOLZ-SILVER-INC>T   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;RAPHOLZ SILVER INC>TO STUDY MINE WATER PROJECT</TITLE>
+<DATELINE>    OPHIR, Colo., March 16 - </DATELINE><BODY>Rapholz Silver Inc said &lt;R and M
+Construction Services>, Montrose, Colo., will conduct a study
+on using water discharge from Rapholz's Carbonero's Mine to
+produce hydroelectric power.
+    R and M will also seek to obtain a Federal Energy
+Regulatory Commission license for construction of a
+hydroelectricity plant at the mine, Rapholz said.
+    The company added, however, that it will not use its own
+capital to build the plant. If the study shows construction is
+feasible, it said it will try to form a joint venture with
+firms experienced in the hydroelectricity business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10461" NEWID="5548">
+<DATE>16-MAR-1987 13:24:02.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3072&#31;reute
+u f BC-CONRAIL-SAYS-OFFERING   03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONRAIL SAYS OFFERING COULD BE MADE NEXT WEEK</TITLE>
+<DATELINE>    PHILADELPHIA, March 16 - </DATELINE><BODY>&lt;Consolidated Rail Corp> said the
+initial offering of its common stock could be made as early as
+next week at an estimated price of 26 to 29 dlrs per share.
+    The U.S. government has proposed the sale of 52 mln Conrail
+shares in the U.S. and 6,750,000 overseas under the Conrail
+Privatization Act, which was enacted in October.
+    Lead underwriters are &lt;Goldman, Sachs and Co>, First Boston
+Inc &lt;FBC>, Merrill Lynch and Co Inc &lt;MER>, Morgan Stanley Group
+Inc &lt;MS> Salomon Inc &lt;SB> and American Express Co's &lt;AXP>
+Shearson Lehman Brothers Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10462" NEWID="5549">
+<DATE>16-MAR-1987 13:24:52.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3073&#31;reute
+f f BC-******GENCORP-1ST-QTR   03-16 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP 1ST QTR SHR 77 CTS VS 84 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10463" NEWID="5550">
+<DATE>16-MAR-1987 13:25:05.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f3074&#31;reute
+d f BC-FORLAND-&lt;FORL>-IN-DRI   03-16 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORLAND &lt;FORL> IN DRILLING PACT</TITLE>
+<DATELINE>    OGDEN, Utah, March 16 - </DATELINE><BODY>Foreland Corp said it signed an
+agreement to fund drilling for three test wells on its
+exploration sites in Nevada.
+    It said an additional test is called for under "specified
+circumstances," and said its drilling participant will bear all
+costs, estimated to exeed five mln dlrs, for the four initial
+test wells.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10464" NEWID="5551">
+<DATE>16-MAR-1987 13:26:33.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3076&#31;reute
+r f BC-WORTHEN-BANKING-&lt;WOR>   03-16 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORTHEN BANKING &lt;WOR> UNIT HEAD QUITS</TITLE>
+<DATELINE>    HOT SPRINGS, Ark., March 16 - </DATELINE><BODY>Worthen Banking Corp said G.
+Michael Sigman has resigned as president and chief executive
+officer of its First National Bank of Hot Springs subsidiary to
+pursue other business interests.
+    It said James C. Patridge, executive vice president of its
+Worthen Bank and Trust Co subsidiary, will act as Sigman's
+replacement on an interim basis until a successor is found.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10465" NEWID="5552">
+<DATE>16-MAR-1987 13:27:25.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3080&#31;reute
+r f BC-onyx-pete-converts   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONYX PETROLEUM CONVERTS DEBENTURES TO COMMON</TITLE>
+<DATELINE>    CALGARY, Alberta, March 16 - </DATELINE><BODY>&lt;Onyx Petroleum Exploration Co
+Ltd>, earlier reporting a 1986 net loss against year-ago
+profit, said it converted 7,344,000 dlrs of its 11 pct
+convertible debentures into 2,824,611 common shares.
+    The conversion eliminates its obligation to pay principal
+amount due 1993 on the debentures and will increase cash flow
+through an interest saving of more than 800,000 dlrs a year,
+the company said.
+    Onyx earlier reported a 1986 net loss of 10.6 mln dlrs,
+after a 10.3 mln dlr writedown on oil and gas property values,
+compared to a 1.3 mln dlr profit in the prior year.
+    Onyx also said the company is a 37.5 pct partner with
+Westcoast Petroleum Ltd in a new oil well drilled in
+Otter/Ogston area of central Alberta that tested at rates of
+more than 1,000 barrels a day from the Granite Wash formation.
+    Well production will be royalty free for five years, with
+initial allowable rates expected to be in the range of 150
+barrels a day, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10466" NEWID="5553">
+<DATE>16-MAR-1987 13:28:48.06</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3085&#31;reute
+r f BC-GOTAAS-LARSEN-&lt;GOTLF>   03-16 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOTAAS-LARSEN &lt;GOTLF> TO BUILD FIFTH CARRIER</TITLE>
+<DATELINE>    HAMILTON, Bermuda, March 16 - </DATELINE><BODY>Gotaas-Larsen Shipping Corp
+said it had exercised an option to build a fifth in a series of
+crude oil carriers to be constructed by &lt;Daewoo Shipbuilding
+and Heavy Machinery Ltd> in South Korea.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10467" NEWID="5554">
+<DATE>16-MAR-1987 13:33:02.38</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3098&#31;reute
+u f BC-DANISH-CREDIT-DOWNGRA   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH CREDIT DOWNGRADING NOT DRAMATIC - MINISTER</TITLE>
+<DATELINE>    COPENHAGEN, March 16 - </DATELINE><BODY>Finance Minister Palle Simonsen said
+today's downgrading of Denmark's credit rating by Standard and
+Poor's Corp should not be over-dramatised.
+    Standard and Poor's said it had downgraded the Kingdom of
+Denmark's long-term external debt to AA from AA-Plus, following
+the country's loss of the top AAA rating in January 1983.
+    "This change is regrettable but there is no reason to
+dramatise. This is a change of nuance. Standard and Poor's
+defines the AA category as only slightly different from the top
+AAA rating," Simonsen said in a statement.
+    "The direct effect of the lower rating on our borrowing
+capability is unlikely to be very great. But if, against
+expectation, we fail to reduce permanently the external account
+deficit... This will inevitably affect borrowing terms and
+capability," he added.
+    "Standard &amp; Poor's has noted that in 1986 there was a series
+of austerity measures designed particularly to cut lending and
+encourage saving. Tax reforms have also gone into effect.
+    "If and when it becomes necessary, the government will be
+ready to take any necessary economic and political initiatives
+as it has in the past," Simonsen said.
+   Standard and Poor's said weaker international
+competitiveness in the face of rising labour costs would mean a
+deteriorating current account balance and a rise in external
+debt.
+    The external current account deficit rose to a record
+preliminary 34.5 billion crowns in 1986 from 29.1 billion in
+1985, bringing total foreign debt to 265 billion crowns,
+according to government statistics.
+    Government economists forecast that the external current
+account deficit will fall to 19 billion crowns this year.
+    Denmark's net foreign debt rose to 129 pct of total exports
+in 1986 from 83 pct in 1983, S and P said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10468" NEWID="5555">
+<DATE>16-MAR-1987 13:33:25.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3102&#31;reute
+h f BC-MAGNETIC-TECHNOLOGIES   03-16 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGNETIC TECHNOLOGIES CORP &lt;MTCC> 1ST HALF NET</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 16 - </DATELINE><BODY>Jan 31 end
+    Shr not given
+    Net profit 105,013 vs loss 745,641
+    Sales 3,661,565 vs 2,810,132
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10469" NEWID="5556">
+<DATE>16-MAR-1987 13:33:36.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3103&#31;reute
+u f BC-GENCORP-&lt;GY>-1ST-QTR   03-16 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    AKRON, Ohio, March 16 -
+    </DATELINE><BODY>Shr 77 cts vs 84 cts
+    Net 17 mln vs 19 mln
+    Sales 650 mln vs 614 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10470" NEWID="5557">
+<DATE>16-MAR-1987 13:37:13.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3114&#31;reute
+r f BC-markel-subsidiarysets   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARKEL SUBSIDIARY SETS INITIAL SHARE ISSUE</TITLE>
+<DATELINE>    TORONTO, March 16 - </DATELINE><BODY>&lt;Markel Financial Holdings Ltd> said
+subsidiary Morden and Helwig Group Inc filed a preliminary
+prospectus for a proposed initial share offering in Canada by
+way of treasury issue and secondary offering of subordinate
+voting shares.
+    Markel did not elaborate on financial terms of the issue.
+    Morden, an independent insurance services company, expects
+to use proceeds primarily for business acquisition and
+expansion in the insurance services industry in Canada and
+possibly overseas. Underwriters are Wood Gundy Inc and Dean
+Witter Reynolds (Canada) Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10471" NEWID="5558">
+<DATE>16-MAR-1987 13:37:54.89</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f3115&#31;reute
+d f BC-BP-UNIT-SEES-U.S.-GOL   03-16 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP UNIT SEES U.S. GOLD MINE PROCEEDING</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>British Petroleum Co PLC said based on
+a feasibility report from Ridgeway Mining Co, its joint venture
+Ridgeway Project in South Carolina could start commercial gold
+production by mid-1988.
+    The company said the mine would produce approximately
+158,000 ounces of gold per year over the first four full years
+of operation from 1989 through 1992 and at an average 133,000
+ounces a year over the full projected 11 year life of the mine.
+    BP's partner is Galactic Resources Ltd of Toronto.
+    BP said subject to receipt of all statutory permits,
+finalization of financing arrangements and management and joint
+venture review, construction of a 15,000 short ton per day
+processing facility can start. Capital costs to bring the mine
+into production are estimated at 76 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10472" NEWID="5559">
+<DATE>16-MAR-1987 13:41:16.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3129&#31;reute
+r f BC-SAFETY-KLEEN-&lt;SK>-TO   03-16 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAFETY-KLEEN &lt;SK> TO BUY STAKE IN OIL REFINER</TITLE>
+<DATELINE>    ELGIN, Ill., March 16 - </DATELINE><BODY>Safety-Kleen Corp said it has
+tentatively agreed to buy an 80 pct stake in Breslube
+Enterprises of Toronto for 14 mln dlrs in stock, cash and
+equipment.
+    Price includes 14 mln dlrs of Safety-Kleen common stock,
+cash and a rerefining plant owned by Safety-Kleen. Closing of
+the deal is expected by May.
+    Breslube is a leading rerefiner of used lubricating oils in
+North America, collecting used oils from auto garages, car
+dealers and other businesses. In 1986 it refined 20 mln gallons
+of used oil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10473" NEWID="5560">
+<DATE>16-MAR-1987 13:41:32.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3131&#31;reute
+r f BC-loblaw-cos-to-sell   03-16 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOBLAW COS TO SELL 75 MLN DLRS OF DEBENTURES</TITLE>
+<DATELINE>    TORONTO, March 16 - </DATELINE><BODY>&lt;Loblaw Cos Ltd> said it agreed to sell
+75 mln dlrs of 10 pct debentures, series 8, due April 15, 2007,
+to investment dealers Burns Fry Ltd and McLeod Young Weir Ltd.
+    Loblaw said it plans to file a preliminary prospectus
+relating to the issue in all provinces of Canada.
+    Proceeds will be added to general funds and used to finance
+capital expenditures in 1987, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10474" NEWID="5561">
+<DATE>16-MAR-1987 13:43:54.10</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f3136&#31;reute
+d f BC-TRADE-INTERESTS-READY   03-16 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE INTERESTS READY FOR BATTLE IN U.S. HOUSE</TITLE>
+<AUTHOR>    By Jacqueline Frank, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>U.S. lawmakers are gearing up for a
+showdown between protectionists and free traders as a major
+trade bill winds its way through committees to a vote by the
+full House of Representatives in late April.
+    In a move to toughen U.S. enforcement of trade laws, a key
+House subcommittee last week approved a toned-down version of
+legislation to require President Reagan to retaliate against
+foreign countries that follow unfair trade practices.
+    The bill will be the cornerstone of congressional efforts
+to restore competitiveness of American industries and turn
+around last year's record 169 billion dlrs trade deficit.
+    Generally, the bill's provisions toughen U.S. enforcement
+of trade laws.
+    The trade bill forces the administration to act rapidly on
+complaints of unfair trade practices, such as dumping products
+in the United States at prices below cost of production. It
+also forces the administration to act rapidly when an industry
+complains that a surge in imports threatens its existence.
+    In writing the bill, the subcommittee rejected calls for
+trade relief for specific industries such as textiles.
+    Several lawmakers have argued the new trade bill made too
+many concessions to Reagan and said they intend to back
+amendments to "get tough" with countries that violate trade
+agreements or keep out U.S. products.
+    But congressmen known for their allegiance to free trade
+said the bill ties Reagan's hands too much in trade disputes
+and they will seek to restore his negotiating powers.
+    Bill Frenzel, R-MI., said the subcommittee's bill was not
+one "that a free trader like me could endorse in all respects,"
+but he emphasized there was a consensus among lawmakers to work
+toward a bill Reagan and Republicans would ultimately endorse.
+    The goal of trade legislation was "to make our trade policy
+stronger without violating our international trade agreements,"
+he said.
+    In a key concession made at the urging of Ways and Means
+Committee chairman Dan Rostenkowski, D-IL., the trade
+subcommittee backed off a requirement that would have forced
+Reagan to impose automatically quotas or tariffs on imports
+from countries that engage in unfair trade practices.
+    It also agreed the president may waive any retaliation if
+it would hurt the U.S. economy.
+    Rostenkowski insisted the more moderate approach was
+necessary if the House wanted to pass a bill Reagan would sign
+into law.
+    Reagan last year blocked Senate consideration of a tough
+House trade bill he branded as protectionist and this year he
+only reluctantly agreed to support a trade bill when he saw
+Democratic leaders were determined to pass such legislation.
+    White House spokesman Marlin Fitzwater told reporters late
+last week that the administration still did not like some of
+the bill's provisions, but he added, "Generally we feel very
+good about the bipartisan consideration of the trade
+legislation. I think we are progressing very well."
+    The first battle will take place next week when the full
+House Ways and Means Committee considers an amendment by Rep.
+Richard Gephardt, D-MO., to force countries like Japan, South
+Korea and Taiwan to cut their trade surpluses with the U.S.
+    The subcommittee limited the Gephardt plan to provide only
+that the existence of a large trade surplus with the United
+States will trigger an investigation of unfair trade practices,
+but would not automatically set off retaliation.
+    Organized labor has pressed lawmakers for more relief from
+imports where jobs have been lost to foreign competition.
+    AFL-CIO president Lane Kirkland this year angered the
+administration when he said any trade bill Reagan would sign
+would not be worth passage in Congress.
+    But Rostenkowski set the tone of the trade debate by
+saying, "I'm not trying to write legislation to please Lane
+Kirkland. I'm trying to write legislation that will be signed
+by the president."
+    Rep. Ed Jenkins (D-GA.) intends to push separately a bill
+to protect the domestic textile and shoe industry, an aide
+said. Reagan vetoed a similar measure last year.
+    House Speaker Jim Wright of Texas, one of the most
+influential proponents of aid for specific industries beset by
+low-priced foreign competition, last week renewed his call for
+import relief for the domestic oil industry and announced his
+support for a Senate plan to trigger a temporary oil import
+tariff when imports reach half of domestic consumption.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10475" NEWID="5562">
+<DATE>16-MAR-1987 13:44:27.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3137&#31;reute
+r f BC-GOLDEN-VALLEY-&lt;GVMF>T   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDEN VALLEY &lt;GVMF>TO REGISTER SECONDARY OFFER</TITLE>
+<DATELINE>    MINNEAPOLIS, March 16 - </DATELINE><BODY>Golden Valley Microwave Foods Inc
+said it will file a registration statement with the Securities
+and Exchange Commission for a secondary public offering of
+700,000 shares held by company shareholders.
+    These shares are substantially all of the shares which,
+under an agreement between the selling holders and the company,
+are permitted to be sold by the original shareholders without
+company consent during the two-year period ending September 16,
+1988, it said.
+    The shares will be marketed to the public in late April
+through underwriters, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10476" NEWID="5563">
+<DATE>16-MAR-1987 13:44:52.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3138&#31;reute
+d f BC-MAGNETIC-TECHNOLOGIES   03-16 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGNETIC TECHNOLOGIES &lt;MTCC> SEES IMPROVEMENT</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 16 - </DATELINE><BODY>Magnetic Technologies Corp said
+it expects the second half to show continued growth in earnings
+and sales.
+    The company today reported a profit for the first half
+ended January 31 of 105,013 dlrs, compared with a year-earlier
+loss of 745,641 dlrs, on sales of 3,661,565 dlrs, up from
+2,810,132 dlrs.  In all of last year, Magnetic earned 996,000
+dlrs after a loss from discontinued operations of 359,000 dlrs,
+on sales of 6,084,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10477" NEWID="5564">
+<DATE>16-MAR-1987 13:47:00.90</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f3142&#31;reute
+d f BC-levon-resources   03-16 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEVON RESOURCES REPORTS IMPROVED GOLD ASSAYS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 16 - </DATELINE><BODY>Levon Resources Ltd
+said re-checked gold assays from the Howard tunnel on its
+Congress, British Columbia property yielded higher gold grades
+than those reported in January and February.
+    It said assays from zone one averaged 0.809 ounces of gold
+a ton. Levon previously reported the zone averaged 0.226 ounces
+of gold a ton. Levon said re-checked assays from zone two
+averaged 0.693 ounces of gold a ton.
+    Levon Resources said the revised zone two assays compared
+to previously reported averages of 0.545 ounces of gold a ton.
+    The company also said it intersected another vein 90 feet
+west of zone two, which assayed 0.531 ounces of gold a ton.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10478" NEWID="5565">
+<DATE>16-MAR-1987 13:47:26.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3145&#31;reute
+d f BC-WELBILT-CORP-&lt;WELB>-4   03-16 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELBILT CORP &lt;WELB> 4TH QTR NET</TITLE>
+<DATELINE>    NEW HYDE PARK, N.Y., March 16 -
+    </DATELINE><BODY>Shr 58 cts vs 54 cts
+    Net 3,144,000 vs 2,464,000
+    Revs 54.6 mln vs 38.6 mln
+    Avg shrs 5,394,000 vs 4,602,000
+    Year
+    Shr 2.03 dlrs vs 1.76 dlrs
+    Net 10.5 mln vs 8,084,000
+    Revs 201.1 mln vs 152.4 mln
+    Avg shrs 5,154,000 vs 4,602,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10479" NEWID="5566">
+<DATE>16-MAR-1987 13:47:40.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3146&#31;reute
+h f BC-SATELLITE-MUSIC-NETWO   03-16 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SATELLITE MUSIC NETWORK INC &lt;SMNI> YEAR NET</TITLE>
+<DATELINE>    DALLAS, March 16 -
+    </DATELINE><BODY>Oper shr four cts vs three cts
+    Oper net 340,036 vs 223,297
+    Revs 11.1 mln vs 9,514,115
+    Avg shrs 8,926,909 vs 7,672,146
+    NOTE: Net excludes tax credits of 252,160 dlrs vs 152,717
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10480" NEWID="5567">
+<DATE>16-MAR-1987 13:48:34.48</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3148&#31;reute
+r f BC-starrex-links-share   03-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STARREX LINKS SHARE PRICE TO ASSAY SPECULATION</TITLE>
+<DATELINE>    TORONTO, March 16 - </DATELINE><BODY>&lt;Starrex Mining Corp Ltd> said a sharp
+
+rise in its share price is based on speculation for favorable
+results from its current underground diamond drilling program
+at its 35 pct owned Star Lake gold mine in northern
+Saskatchewan.
+    Starrex Mining shares rose 40 cts to 4.75 dlrs in trading
+on the Toronto Stock Exchange.
+    The company said drilling results from the program which
+started in late February are encouraging, "but it is too soon
+for conclusions." Starrex did not disclose check assay results
+from the exploration program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10481" NEWID="5568">
+<DATE>16-MAR-1987 13:49:22.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3151&#31;reute
+b f BC-******COMBINED-INT'L   03-16 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COMBINED INT'L TO ASK DOUBLING OF AUTHORIZED SHARES, STOCK SPLIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10482" NEWID="5569">
+<DATE>16-MAR-1987 13:50:40.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3156&#31;reute
+h f BC-INTERNATIONAL-KING'S   03-16 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL KING'S &lt;IKNG> NAMES PRESIDENT</TITLE>
+<DATELINE>    EUGENE, Ore., March 16 - </DATELINE><BODY>International King's Table Inc
+said it named Everett F. Jefferson president and chief
+operating officer.
+    The company said Jefferson was previously president and
+chief operating officer of Marriott Corp's &lt;MHS> Straw Hat
+Pizza unit.
+    It said he assumes the positions from Roger W. Houmes, who
+will continue as chairman and chief executive officer of the
+company, which operates a chain of 82 restaurants in the West.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10484" NEWID="5570">
+<DATE>16-MAR-1987 13:53:14.03</DATE>
+<TOPICS><D>trade</D><D>coffee</D></TOPICS>
+<PLACES><D>ethiopia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3164&#31;reute
+r f BC-ETHIOPIA-MINISTER-SEE   03-16 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ETHIOPIA MINISTER SEES AFRICA DEBT PAYMENT PROBLEM</TITLE>
+<DATELINE>    ADDIS ABABA, March 16 - </DATELINE><BODY>Africa may have to follow Brazil in
+halting foreign debt payments unless industrialised nations are
+prepared to be more flexible in trade and economic policy,
+Ethiopian trade minister Tesfay Dinka said.
+    Growing protectionism and declining commodity prices had
+caused a major deterioration in the export earnings of all
+developing countries, he said in an opening speech to a meeting
+of African trade ministers in Addis Ababa.
+    Unless there was an early improvement in developing
+countries' terms of trade "the only choice is to follow the
+route that Brazil appears to have taken," Tesfay said.
+   The two-day meeting of delegates from 50 African states was
+called to work out a consensus ahead of the Group of 77
+ministerial meeting in Havana next month, when the developing
+countries will debate their strategy in economic negotiations
+with the West.
+    Tesfay accused the West of intransigence in the negotiation
+of recent commodity agreements.
+    The failure of the International Coffee Organisation to
+agree on the reintroduction of export quotas would mean "several
+African countries will not have the foreign exchange to import
+essential items," he said.
+    Coffee accounts for 60 pct of Ethiopian exports and the
+recent fall in world coffee prices has sharply reduced the
+country's foreign exchange earnings.
+    Adebayo Adedeji, the executive secretary of the U.N.
+Economic Commission for Africa, told the meeting that there was
+an increasing net outflow of resources from Africa.
+    He blamed this on high interest rates, debt servicing and
+the repatriation of profits by foreign investors.
+    Africa paid 13 billion dlrs to service its total foreign
+debt last year and by 1990 annual service payments are expected
+to rise to between 16 and 24 billion, Adedeji said.
+    He accused industrialised countries of failing to provide
+more resources to implement the U.N. Program for Africa's
+economic recovery and development, despite Africa's willingness
+to raise two thirds of the capital from domestic sources.
+    The U.N. Program, approved last year, calls for 128 billion
+dlrs of economic investment in Africa over five years.
+    Western donors were asked to contribute 46 billion dlrs,
+with the rest being raised from local resources, but Adedeji
+said the donors had not responded as hoped.
+   In view of this poor response, he said "it is possible that
+by the year 2,000 nearly all African countries, except a few,
+will be categorised as least developed countries."
+    At present, 27 of Africa's 50-odd states are officially
+listed in this category.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10483" NEWID="5571">
+<DATE>16-MAR-1987 13:53:30.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f3165&#31;reute
+f f BC-canbra-foods-ltd-sets   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANBRA FOODS LTD SETS SPECIAL ONE-TIME FIVE DLR/COMMON SHR CASH PAYOUT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10485" NEWID="5572">
+<DATE>16-MAR-1987 13:54:01.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f3167&#31;reute
+f f BC-canbra-foods-ltd-sets   03-16 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANBRA FOODS LTD YEAR OPER SHR PROFIT 1.52 DLRS VS LOSS 55 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10486" NEWID="5573">
+<DATE>16-MAR-1987 13:56:12.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3173&#31;reute
+u f BC-WILSON-FOODS-CORP-&lt;WI   03-16 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILSON FOODS CORP &lt;WILF> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 16 -
+    </DATELINE><BODY>Oper shr profit 21 cts vs loss 55 cts
+    Oper net profit 1,528,000 vs loss 3,296,000
+    Sales 329.4 mln vs 368.0 mln
+    1st half
+    Oper shr profit 28 cts vs loss 4.55 dlrs
+    Oper net profit 2,026,000 vs loss 27.3 mln
+    Sales 691.3 mln vs 738.2 mln
+    NOTE: Prior half net includes pretax charge 21.4 mln dlrs
+from plant closings and workforce reductions.
+    Current year net excludes tax credits of 1,381,000 dlrs in
+quarter and 1,722,000 dlrs in half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10487" NEWID="5574">
+<DATE>16-MAR-1987 13:57:02.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f3178&#31;reute
+r f AM-TURKEY-PACT-(CORRECTE D-REPETITION)  03-16 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., TURKEY SIGN AID AGREEMENT</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The United States and Turkey signed
+a five-year defence and economic agreement (DECA) that will
+channel hundreds of millions of dollars a year in aid to
+Ankara.
+    The agreement was signed by Secretary of State George
+Shultz and Foreign Minister Vahit Halefoglu after 18 months of
+negotiations that won Ankara considerably less than it wanted.
+    Under the agreement, the U.S. government pledged it would
+use "vigor and determination" to persuade Congress to vote the
+money to build up Turkish defenses in return for U.S. air bases
+and intelligence-gathering facilities.
+    Under today's agreement, which runs until December, 1990,
+Turkey will receive nearly 720 mln dlrs in military and
+economic aid this year.
+    Next year, the U.S. government has promised to ask Congress
+for 910 mln dlrs under an agreement that prompted domestic
+crticism in Turkey for not winning enough aid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10488" NEWID="5575">
+<DATE>16-MAR-1987 14:01:14.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3187&#31;reute
+r f BC-canbra-foods-ltd   03-16 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CANBRA FOODS LTD> YEAR NET</TITLE>
+<DATELINE>    LETHBRIDGE, Alberta, March 16 -
+    </DATELINE><BODY>Oper shr profit 1.52 dlrs vs loss 55 cts
+    Oper profit 4,172,188 vs loss 1,502,032
+    Revs not given
+    Note: 1986 shr and net exclude extraordinary gain of
+1,294,245 dlrs or 47 cts share on sale of Stafford Foods unit
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10489" NEWID="5576">
+<DATE>16-MAR-1987 14:01:45.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3189&#31;reute
+d f BC-OXFORD-FIRST-CORP-&lt;OF   03-16 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OXFORD FIRST CORP &lt;OFC> 4TH QTR NET</TITLE>
+<DATELINE>    PHILADELPHIA, March 16 -
+    </DATELINE><BODY>Oper shr 45 cts vs 24 cts
+    Qtly div six cts vs six cts prior
+    Oper net 1,766,000 vs 950,000
+    Revs 9,321,000 vs 5,298,000
+    Year
+    Oper shr 1.25 dlrs vs one dlr
+    Oper net 4,985,000 vs 3,894,000
+    Revs 28.3 mln vs 19.9 mln
+    NOTE: Net excludes losses from discontinued operations of
+161,000 dlrs vs 66,000 dlrs in quarter and 464,000 dlrs vs
+226,000 dlrs in year.
+    Dividend pay May Five, record April 13.
+    Share adjusted for three-for-two stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10490" NEWID="5577">
+<DATE>16-MAR-1987 14:02:55.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3192&#31;reute
+u f BC-NEW-SENATOR-BACKS-U.S   03-16 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW SENATOR BACKS U.S. FARM DECOUPLING PROPOSALS</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>New Nebraska Republican Senator
+David Karnes said he supports proposals to "decouple" farm
+subsidies from production decisions.
+    Karnes, formerly a vice president of Scoular Grain Co. in
+Omaha, was appointed last week to complete the term of the late
+Sen. Edward Zorinsky (D-Nebr.).
+    On target prices, Karnes said he believes the gradual
+reductions in supports included in the 1985 farm bill should be
+continued, but administration proposals for 10 pct cuts in
+target prices each year are "excessive."
+    Karnes said he opposes mandatory production controls for
+major crops. His predecessor, Sen. Zorinsky, had supported
+mandatory controls for wheat and was the author of a farm bill
+provision requiring a referendum on the subject last year.
+    Sen. Karnes accompanied Sen. Rudy Boschwitz (R-Minn.) to
+the National Grain and Feed Association (NGFA) convention
+earlier today and spoke to Reuters after Boschwitz addressed
+the NGFA meeting.
+    Karnes said he is seeking a seat on the Senate Agriculture
+Committee but no decision has been made on the request.
+    Karnes, who has not held political office before, was
+appointed by Nebraska Republican Governor Kay Orr. He will be
+up for election in 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10491" NEWID="5578">
+<DATE>16-MAR-1987 14:03:18.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3195&#31;reute
+r f BC-BHP-MINTERALS-&lt;BRKNY>   03-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BHP MINTERALS &lt;BRKNY> MELDS UTAH INTERNATIONAL</TITLE>
+<DATELINE>    SAN FRANCISCO, March 16 - </DATELINE><BODY>Broken Hill Proprietary Co Ltd
+said it will integrate Utah International Inc, which it bought
+three years ago, under a common management structure.
+    The company said effective June 1, when Utah International
+Chairman Alexander Wilson retires, James Curry will become
+chairman and chief executive officer and a new BHP-Utah
+Minerals International board will be named. Curry is currently
+executive vice president of Utah International.
+    BHP Petroleum (Americas) Inc, formerly part of Utah
+International, will become a subsidiary of BHP's renamed BHP
+Petroleum International, headquartered in Melbourne.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10492" NEWID="5579">
+<DATE>16-MAR-1987 14:03:23.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3196&#31;reute
+r f BC-HARRIS-TEETER-PROPERT   03-16 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARRIS-TEETER PROPERTIES &lt;HTP> REPORTS EARNINGS</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 16 - </DATELINE><BODY>Harris-Teeter Properties Inc
+reported fourth quarter fiscal 1986 earnings per share of 24
+cts on earnings of 601,000 dlrs. 
+    The realty investment trust company started operations in
+August and had no comparable figures, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10493" NEWID="5580">
+<DATE>16-MAR-1987 14:03:37.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3198&#31;reute
+d f BC-COOPER-LASER-&lt;ZAPS>-R   03-16 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPER LASER &lt;ZAPS> RESCHEDULES ANNUAL MEETING</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 16 - </DATELINE><BODY>Cooper LaserSonics Inc said
+it rescheduled its annual meeting to Monday, May 11, at the
+company's office in Santa Clara, Calif.
+    The meeting had previously been set for May 14 in Palo
+Alto, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10494" NEWID="5581">
+<DATE>16-MAR-1987 14:04:55.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3204&#31;reute
+r f BC-&lt;KRON-CHOCOLATIER-INC   03-16 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;KRON CHOCOLATIER INC> TO REDEEM WARRANTS</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Kron Chocolatier Inc said it will
+redeem on April 13 all its outstanding class A warrants at 0.01
+ct a warrant.
+    The company said the warrants, which allow the holder to
+buy one share of Kron common stock at 40 cts a share, will
+become void after the redemption date.
+    Kron also said all its 318,460 dlrs of outstanding
+convertible debt had been converted into 4,126,741 shares of
+common. Assuming that all the class A warrants are converted,
+Kron said it will have 18,356,174 common shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10495" NEWID="5582">
+<DATE>16-MAR-1987 14:05:07.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3206&#31;reute
+d f BC-BSN-CORP-&lt;BSN>-4TH-QT   03-16 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BSN CORP &lt;BSN> 4TH QTR NET</TITLE>
+<DATELINE>    DALLAS, March 16 -
+    </DATELINE><BODY>Shr two cts vs eight cts
+    Net 73,000 vs 233,000
+    Revs 21.0 mln vs 9,510,000
+    Avg shrs 3,620,000 vs 2,886,000
+    Year
+    Shr 66 cts vs 37 cts
+    Net 2,246,000 vs 1,064,000
+    Revs 68.3 mln vs 40.8 mln
+    Avg shrs 3,392,000 vs 2,886,000
+    NOTE: 1985 year net includes extraordinary gain one ct shr
+and gain two cts from cumulative effect of accounting change.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10496" NEWID="5583">
+<DATE>16-MAR-1987 14:06:03.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3208&#31;reute
+d f BC-BSN-&lt;BSN>-SEES-HIGHER   03-16 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BSN &lt;BSN> SEES HIGHER 1987 NET</TITLE>
+<DATELINE>    DALLAS, March 16 - </DATELINE><BODY>BSN Corp said it expects revenues of
+about 120 mln dlrs and a substantial increase in net income and
+earnings per share for 1987.
+    Today it reported 1986 net income of 2,246,000 dlrs or 66
+cts per share on revenues of 68.3 mln dlrs, up from 1,064,000
+dlrs or 37 cts per share on revenues of 40.8 mln dlrs a year
+before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10497" NEWID="5584">
+<DATE>16-MAR-1987 14:07:05.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>boesky</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3210&#31;reute
+f f BC-******SEC-OKAYS-REQUE   03-16 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEC OKAYS REQUEST FROM BOESKY FIRMS TO PROTECT FUNDS FROM CLAIMANTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10498" NEWID="5585">
+<DATE>16-MAR-1987 14:07:45.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3212&#31;reute
+r f BC-COMBINED-INT'L-&lt;PMA>   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMBINED INT'L &lt;PMA> HOLDERS TO VOTE ON SPLIT</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>Combined International Corp said it
+will ask shareholders at the April 23 annual meeting to approve
+the doubling of authorized common shares to 120 mln.
+    Holders will also vote on a proposal to create a new class
+of 25 mln shares of serial preferred stock one dlr par value in
+place of its existing classes of authorized and unissued
+preferred stock.
+    It said at its regular March board meeting members will
+consider a stock split or stock dividend, which would be
+contingent upon stockholder approval of the changes in the
+capital structure at the April annual meeting.
+    Holders will also be asked to approve a new corporate name,
+Aon Corp. It said aon is a Gaelic word meaning unit. The name
+is intended to eliminate confusion between the parent company
+and its principal subsidiary, Combined Insurance Co of America.
+    Holders will also vote on a proposal to limit the liability
+of directors and amend the provision for indemnifying
+directors, officers employees an agents. This is being done to
+reduce the costs of liability insurance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10499" NEWID="5586">
+<DATE>16-MAR-1987 14:08:53.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3214&#31;reute
+r f BC-canbra-foods-ltd   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANBRA FOODS SETS SPECIAL FIVE DLR/SHR PAYOUT</TITLE>
+<DATELINE>    LETHBRIDGE, Alberta, March 16 - </DATELINE><BODY>&lt;Canbra Foods Ltd>, earlier
+reporting a 1986 net profit against a year-ago loss, said it
+declared a special, one-time dividend of five dlrs per common
+share, pay March 31, record March 26.
+    Canbra said it set the special payout to allow shareholders
+to participate in the gain on the sale of unit Stafford Foods
+Ltd in November, 1986, as well as the company's "unusually
+profitable performance" in 1986.
+    Canbra earlier reported 1986 net earnings of 4.2 mln dlrs,
+excluding a 1.3 mln dlr gain on the Stafford sale, compared to
+a year-ago loss of 1.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10500" NEWID="5587">
+<DATE>16-MAR-1987 14:09:26.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3216&#31;reute
+r f BC-ATT-&lt;T>-MAY-FACE-STRU   03-16 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> MAY FACE STRUGGLE OVER DEREGULATION</TITLE>
+<AUTHOR>    By David Brough, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>American Telephone and Telegraph Co
+may have a hard time convincing U.S. regulatory authorities
+that lifting controls on its long-distance business will
+benefit consumers, industry and congressional analysts say.
+    "There's clearly going to have to be an effort (by ATT) to
+say that deregulation will not have an adverse effect on the
+consumer," said Gerry Salemme, a policy analyst for the House
+telecommunications, consumer protection and finance
+subcommittee.
+    Salemme said that if the Federal Communications Commission
+eased restrictions on ATT, Congress probably would consider
+taking legislative oversight action to protect consumers'
+interests.
+    ATT has about 80 pct of the interstate long-distance
+market. It asked the FCC to cut back price and rate regulations
+that have control its long-distance phone business.
+    ATT spun off its local telephone services operations into
+the seven regional Bell companies in 1984 as part of the  court
+ordered breakup of the telephone giant.
+    The regional companies have been prohibited from
+manufacturing equipment and from offering information services
+and out-of-region long-distance service.
+    But some of them want to move into those areas,
+particularly the provision of long-distance services, which
+would compete directly with ATT.
+    ATT's request came in response to an FCC notice issued in
+January that proposed to streamline regulation of certain parts
+of its long-distance business.
+    The FCC will closely examine the potential effects of the
+proposal on consumers, said FCC spokeswoman Mary Beth Hess.
+    "That would be foremost in our mind," Hess said.
+    Hess said she expected the FCC to respond in a few months.
+    Congressional aides said they were concerned that if
+regulation is reduced, ATT will use its dominant market
+position to raise consumer rates.
+    Consumer groups say ATT's concern for its business clients,
+its most lucrative market, underscores a danger that, without
+full regulation from the FCC, any increased costs will be
+passed onto the consumer rather than big business.
+    ATT, however, says deregulation would benefit consumers.
+    The company would become more competitive because it would
+not have to wait for FCC authorization before introducing new
+services, spokeswoman Edith Herman said.
+    However, Gene Kimmelman of the Consumer Federation of
+America, which represents more than 200 consumer groups
+nationally, said, "When ATT offers new services, they tend to be
+geared toward the high volume business market rather than the
+average consumer."
+    ATT proposed that in addition to lifting profit regulation,
+the FCC allow new rates to go into effect in 14 days instead of
+the current 45 days.
+    The company also called for a reduction in the amount of
+documentation it must file with the FCC each time it introduces
+or changes long-distance services.
+    "With this filing, we're suggesting that regulators replace
+a blanket approach to regulating ATT with a more finely-tuned,
+targeted approach," said Lawrence Garfinkel, AT&amp;T's vice
+president of marketing services, in a statement.
+    "We believe that by using a scalpel instead of a meat axe,
+the public interest can be protected and all consumers will
+benefit," he added.
+    MCI Communications Corp, also asked the FCC to ease
+restrictions on ATT, saying this would encourage competition.
+    Some industry analysts said the MCI proposal was an effort
+to halt FCC-mandated price cuts that have forced ATT and its
+rivals to cut prices, eroding profits in the industry. MCI lost
+448.4 mln dlrs on sales of 3.59 billion dlrs last year.
+    The analysts said the proposal would benefit MCI because
+ATT would no longer impose price cuts that MCI would have to
+follow when costs fell in the industry.
+    "I'm sort of mystified by those comments," retorted Herman, a
+district manager for ATT.
+    "ATT (if deregulated) has no intention of not passing on
+cost reductions," she added.
+    Kimmelman, legislative director of the Consumer Federation,
+said he opposed deregulation because it left no alternatives
+that would ensure against overcharging by ATT.
+    He said the FCC had in the past instructed ATT to reduce
+prices when the company was benefitting from lower costs from
+increased use by consumers of long-distance services.
+    Without full regulatory authority this may no longer
+happen, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10501" NEWID="5588">
+<DATE>16-MAR-1987 14:11:45.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3220&#31;reute
+r f AM-JORDAN-LOAN   03-16 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JORDAN OBTAINS 98.8 MLN DLRS IN LOANS</TITLE>
+<DATELINE>    AMMAN, March 16 - </DATELINE><BODY>Jordan is to receive 98.8 mln dlrs in
+loans to finance development projects, Planning Minister Taher
+Kan'an said.
+    Kan'an told reporters the loans, concluded during the past
+six months, were made by the European Investment Bank, the
+Islamic Development Bank and three Arab funds. He gave no other
+details.
+    Kan'an said the loans were for Jordan's own nine billion
+dlr 1986-1990 development plan and not for the parallel,
+controversial 1.3 billion dlr plan for the Israeli-occupied
+West Bank and the Gaza strip.
+    He said jordan would concentrate on obtaining concessionary
+foreign loans and keep commercial borrowings to a minimum.
+    Performance in the first year of the national plan was
+close to target, the Minister said. The gross domestic product
+at factor cost grew 2.4 per cent instead of the planned 2.9 per
+cent, he added, but gave no figures.
+    Kan'an said public investment was also near the planned
+level, but investments by the private sector fell below
+expectations. "The private sector still feels inhibited," he
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10502" NEWID="5589">
+<DATE>16-MAR-1987 14:14:03.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>boesky</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3229&#31;reute
+u f BC-BOESKY   03-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC OKAYS BOESKY FIRMS' MOVE TO PROTECT FUNDS</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The Securities and Exchange
+Commission approved a request by two firms controlled by inside
+trader Ivan Boesky that allows them to take steps to protect
+hundreds of millions of dollars from potential claimants.
+    The SEC granted requests made by Seemala Partners L.P. and
+IFB Managing Partnership L.P., to withdraw as registered
+brokers, effective March 12.
+    With the action, the partnerships are no longer subject to
+the SEC's net capital rules requiring them to remain solvent as
+brokerage firms. Seemala argued the move would be necessary if
+noteholders of Ivan Boesky and Co L.P. are to be repaid.
+    In asking the SEC to speed its withdrawal as a registered
+broker, Seemala said it wold repay to Boesky and Co, which is
+also controlled by the former Wall Street arbitrageur, 660 mln
+dlrs in subordinated debt, plus accrued interest.
+    IFB Managing Partners, which was also given approval to
+withdraw as a broker, has no significant assets, the SEC said.
+    Once it is repaid, Boesky and Co will pay 200 mln dlrs in
+senior participating notes and 440 mln dlrs in subordinated
+participating notes of Hudson Funding Corp to certain
+noteholders, Seemala told the SEC.
+    Under the planned repayment scheme, Seemala told the SEC
+the noteholders would forgo claims of prepayment penalties and
+some additional interest amounting to more than 100 mln dlrs.
+    The plan would be in the public interest, Seemala argued,
+since the noteholders, many of which are savings and loan
+institutions and insurance companies, would receive repayment
+of the principal on their notes.
+    Seemala also argued that the plan would help the limited
+partners of Boesky and Co, who were not charged in the Boesky
+insider trading scandal, by protecting its remaining equity
+from the noteholders' claims.
+    Unless the Boesky firms are allowed to complete the
+repayment plan, Seemala said Boesky and Co noteholders would
+seek total claims of 116.8 mln dlrs, plus 9.2 mln dlrs to 10.6
+mln dlrs a month in addition, in addition to other claims.
+    Such claims could wipe out Boesky and Co's assets before
+other creditors can establish their claims, Seemala said.
+    The only opposition to Seemala's Feb 12 request to withdraw
+as a broker came from Berger and Montague P.C., counsel for the
+plaintiffs in a class action suit against Seemala and other
+defendants. The suit involves charges stemming from Boesky's
+insider trading in the stock of several major companies.
+    Berger and Montague told the SEC it opposes the Seemala
+proposal because it would allow Boesky and Co noteholders to
+settle their claims ahead of the plaintiffs in the class action
+and because Seemala did not disclose the total amount of claims
+against it and what percentage defrauded investors would get.
+    Seemala has said that its repayment scheme would leave a
+pool of about 278 mln dlrs free of claims from Boesky and Co
+noteholders which could satisfy other claimants.
+    The pool would be in addition to funds placed in escrow
+under insider trading settlement agreements, including 11.4 mln
+dlrs from Dennis Levine and 50 mln dlrs from Boesky.
+    In approving the request, the SEC barred Seemala and Boesky
+and Co from making any distributions to its limited partners
+for one year and required limited partners who receive
+distributions to agree to make themselves liabile up to a point
+in any case filed the partnerships.
+    The SEC also required Seemala and Boesky and Co to get
+confirmation of their assets from a nationally recognized
+accounting firm.
+    The agency said Boesky and Co and existing and potential
+claimants against it have similar interests in eliminating
+major creditors and preserving assets for future claims.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10503" NEWID="5590">
+<DATE>16-MAR-1987 14:17:35.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3241&#31;reute
+u f BC-INVESTORS-SAVINGS-&lt;IS   03-16 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS SAVINGS &lt;ISLA> CALLS PREFERRED</TITLE>
+<DATELINE>    RICHMOND, Va., Marc 16 - </DATELINE><BODY>Investors Savings Bank said it has
+called its Series B 8-1/2 pct cumulative convertible preferred
+stock for redemption on April 24 at 64.80 dlrs plus accrued
+dividends of 34 cts per share.
+    The company said each share of the stock is convertible
+through April 17 into 6.3158 common shares.  At year-end, when
+the stock was issued in the acquisition of Centennial Group
+Inc, there were 190,118 shares of the preferred outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10504" NEWID="5591">
+<DATE>16-MAR-1987 14:18:08.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3242&#31;reute
+d f BC-&lt;KENT-TOYS-INC>-IN-PA   03-16 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;KENT TOYS INC> IN PACT WITH LORIMAR &lt;LT></TITLE>
+<DATELINE>    KENT, Ohio, March 16 - </DATELINE><BODY>Kent Toys Inc said it signed an
+agreement with Lorimar-Telepictures Corp to produce a
+television game show called Lottery.
+    Under terms of the agreement, Kent said it will receive a
+share of the above the line production, a percentage of net
+profits and a percentage of first-run syndication fees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10505" NEWID="5592">
+<DATE>16-MAR-1987 14:18:26.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3243&#31;reute
+h f BC-ADVANCE-CIRCUITS-INC   03-16 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCE CIRCUITS INC &lt;ADVC> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    MINNETONKA, Minn. March 16 -
+    </DATELINE><BODY>Oper shr profit one cts vs loss 22 cts
+    Oper net profit 35,000 vs loss 948,000
+    Revs 17.4 mln vs 13.8 mln
+    Six mths
+    Oper shr loss 23 cts vs loss 48 cts
+    Oper net loss 1,025,000 vs loss 2,093,000
+    Revs 32.5 mln vs 27.6 mln
+    NOTE: Results exclude credits of 1,737,000 or 39 cts shr
+for both 1987 periods from refinancing of debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10506" NEWID="5593">
+<DATE>16-MAR-1987 14:18:39.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3245&#31;reute
+d f BC-COMMONWEALTH-MORTGAGE   03-16 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH MORTGAGE &lt;CMA> SETS PAYOUT</TITLE>
+<DATELINE>    HOUSTON, March 16 -
+    </DATELINE><BODY>Qtrly div 26 cts Class A vs 12 cts
+    Qtrly div one cent Class B vs nil
+    Pay May 15
+    Record March 31
+    NOTE: prior qtr pro rated on 45 day basis for abbreviated
+qtr.
+    Full name of company commonwealth mortgage of america.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10507" NEWID="5594">
+<DATE>16-MAR-1987 14:18:49.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3246&#31;reute
+d f BC-&lt;BKLA-BANCORP>-DEC-31   03-16 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BKLA BANCORP> DEC 31 YEAR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 16 -
+    </DATELINE><BODY>Shr 90 cts vs 66 cts
+    Net 924,000 vs 679,000
+    Loans 88.7 mln vs 67.4 mln
+    Deposits 165.5 mln vs 106.7 mln
+    Assets 181.5 mln vs 124.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10508" NEWID="5595">
+<DATE>16-MAR-1987 14:19:09.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3247&#31;reute
+h f BC-PRECISION-TARGET-MARK   03-16 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRECISION TARGET MARKETING &lt;PTMI> 3RD QTR NET</TITLE>
+<DATELINE>    NEW HYDE PARK, N.Y., March 16 - </DATELINE><BODY>Qtr ends Jan 31
+    Shr profit one ct vs loss two cts
+    Net profit 74,000 vs loss 122,000
+    Revs 1,657,000 vs 1,416,000
+    Nine mths
+    Shr profit five cts vs loss 10 cts
+    Net profit 299,000 vs loss 624,000
+    Revs 5,134,000 vs 3,744,000
+    NOTE: Full name Precision Target Marketing Inc.
+    Nine months 1987 includes extraordinary gain of two cts per
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10509" NEWID="5596">
+<DATE>16-MAR-1987 14:19:15.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3248&#31;reute
+u f BC-CHEYENNE-SOFTWARE-&lt;CH   03-16 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEYENNE SOFTWARE &lt;CHEY> IN ACQUISITION TALKS</TITLE>
+<DATELINE>    ROSLYN, N.Y., March 16 - </DATELINE><BODY>Cheyenne Software Inc said it is
+in preliminary talks on the acquisition of compouter hardware
+distribution firm F.A. Components Inc and its Freeman-Owings
+Inc subsidiary.
+    The company said F.A. had sales of 43.1 mln dlrs for 1986
+and expects to report a loss for the year.
+    Cheyenne said the purchase price would be paid in common
+stock and it would provide additional finances for the
+operation of F.A.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10510" NEWID="5597">
+<DATE>16-MAR-1987 14:19:38.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3249&#31;reute
+d f BC-HUDSON-VALLEY-PATROL   03-16 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUDSON VALLEY PATROL AGREES TO BUY GUARD FIRM</TITLE>
+<DATELINE>    CHESTER, N.Y., March 16 - </DATELINE><BODY>Hudson Valley Patrol Inc said it
+agreed to acquire privately held Federal Protection Services
+Inc, a Palm Beach, Fla., security firm, for 200,000 common
+shares and other considerations.
+    Hudson Valley, which provides guard and patrol services in
+upstate N.Y., said Federal Protection Services provides
+investigation, uniformed guard and armoured truck services to
+banks, corporations and residential communities in southern
+Florida.
+    The company said it will issue 200,000 shares of its common
+at closing and additional shares based on Federal Protection's
+pretax earnings over the next three years.
+    Closing is subject to setting a definitive agreement, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10511" NEWID="5598">
+<DATE>16-MAR-1987 14:22:24.72</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f3252&#31;reute
+u f BC-ICCO-TO-EXAMINE-BUFFE   03-16 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICCO TO EXAMINE BUFFER STOCK PROPOSAL TOMORRROW</TITLE>
+<DATELINE>    LONDON, March 16 - </DATELINE><BODY>The International Cocoa Organization,
+ICCO, council adjourned after presenting divergent producer and
+consumer views on buffer stock rules and agreeing to examine a
+draft compromise proposal on the buffer stock issue tomorrow,
+delegates said.
+    ICCO Executive Director Kobena Erbynn will draw up what
+some delegates called a "pre-compromise" and present it to the
+buffer stock working group at 1130 hrs GMT Tuesday, they said.
+    While consumer and producer member nations disagree how a
+buffer stock should be implemented, both sides reiterated they
+were willing to compromise to come to agreement, they said.
+    "I am optimistic we will be able to come to an agreement --
+maybe not tomorrow or the next day, but some time later in the
+session," a consumer delegate said.
+    Producers say they want the buffer stock to consist only of
+ICCO member cocoa, comprise a representative basket of various
+grade cocoas and pay different prices for different grades,
+delegates said.
+    Some consumers would rather the buffer stock manager be
+able to buy non-member cocoa also, and pay a single price for
+the buffer stock cocoa without respect to origin.
+    Consumer members were not unified in their views on how the
+buffer stock should operate, with several countries backing
+different aspects of the producer stance, delegates said.
+    The semi-annual council meeting is scheduled to run until
+March 27. Consideration of the buffer stock rules is the most
+controversial topic on the agenda, delegates said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10512" NEWID="5599">
+<DATE>16-MAR-1987 14:22:34.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3253&#31;reute
+r f BC-SAUDI-BUSINESSMEN-SEE   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI BUSINESSMEN SEEK TO BOOST PRIVATE SECTOR</TITLE>
+<AUTHOR>    By Stephen Jukes, Reuters</AUTHOR>
+<DATELINE>    ABHA, Saudi Arabia, March 16 - </DATELINE><BODY>Top Saudi businessmen
+discussing ways to bolster the kingdom's private sector at a
+Chamber of Commerce conference here today called for finance to
+be made available more easily for industrial projects.
+    Saleh Kamel, a leading businessman and head of the
+Jeddah-based Dallah group, said business needed more funding
+and welcomed recent measures to encourage banks to step up
+lending.
+    But yesterday conference participants were publicly
+reprimanded for not investing enough in the kingdom.
+    Prince Khaled al-Faisal, governor of the Asir region
+hosting the four-day conference, accused businessmen of showing
+ingratitude at a time when the government had been prepared to
+draw heavily on reserves to maintain spending and stimulate the
+economy.
+    Businessmen, for their part, argued today that the
+kingdom's commercial banks were unwilling to take risks and
+help finance industrial projects.
+    Saleh Kamel, one of Saudi Arabia's leading businessmen and
+head of the Jeddah-based Dallah group, told Reuters the general
+economic outlook for trade and industry had improved.
+    "We can be optimistic, the economy is looking brighter," he
+said. But he also said businessmen needed more finance and
+welcomed measures being taken to encourage banks to step up
+lending.
+    A committee at the Saudi Arabian Monetary Agency, the
+kingdom's central bank, is now examining the problem.
+    Commercial banks are in fact extremely liquid but have
+become highly selective in extending new credit after many
+companies ran into trouble repaying debt during the last three
+years.
+    Between 1982 and 1985 banks had to make risk provisions
+totalling 4.3 billion riyals and results now coming in for 1986
+show another year when heavy reserves had to be made against
+bad and doubtful loans.
+    The effects of the Middle East economic downturn hit the
+construction sector in Saudi Arabia very hard and there has
+been a sharp fall in development lending for new industrial
+projects.
+    The Saudi Industrial Development Fund, a major source for
+private sector finance, made loan commitments totalling 752 mln
+riyals in the financial year to September 4, 1986, a decline of
+nearly 20 pct on the previous year.
+    The government credit agency specialises in low cost loans
+for development, funding 50 pct of a project's total value.
+    The pattern of the agency's lending has also shown a
+distinct shift away from infrastructre-related industry - such
+as cement plants - to capital-intensive projects.
+    Businessmen said opportunities are now available in service
+industries and tourism which is slowly developing in the Gulf
+region. But new investment in manufacturing industry shows
+fewer signs of taking hold.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10513" NEWID="5600">
+<DATE>16-MAR-1987 14:25:13.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3258&#31;reute
+r f BC-AMCAST-INDUSTRIAL-COR   03-16 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMCAST INDUSTRIAL CORP &lt;ACST> 2ND QTR MARCH ONE</TITLE>
+<DATELINE>    DAYTON, Ohio, March 16 -
+    </DATELINE><BODY>Shr profit 10 cts vs loss 2.20 dlrs
+    Net profit 687,000 vs loss 14.5 mln
+    Sales 68.3 mln vs 54.8 mln
+    Avg shrs 7,018,000 vs 6,577,000
+    1st half
+    Shr profit 38 cts vs loss 1.95 dlrs
+    Net profit 2,596,000 vs loss 12.8 mln
+    Sales 129.9 mln vs 113.3 mln
+    Avg shrs 6,964,000 vs 6,568,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10514" NEWID="5601">
+<DATE>16-MAR-1987 14:26:00.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3260&#31;reute
+d f BC-DOW-&lt;DOW>-SETS-GROUND   03-16 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW &lt;DOW> SETS GROUNDWATER POLLUTION VENTURE</TITLE>
+<DATELINE>    MIDLAND, Mich., March 16 - </DATELINE><BODY>Dow Chemical Co, &lt;Guy F.
+Atkinson Co> and &lt;Woodward-Clyde Consultants> said they formed
+a venture to combat groundwater contamination.
+    The venture, called AWD Technologies Inc, will offer site
+analysis, planning, engineering and construction services for
+restoration of groundwater.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10515" NEWID="5602">
+<DATE>16-MAR-1987 14:26:30.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3263&#31;reute
+d f BC-SCIENTIFIC-SYSTEMS-SE   03-16 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCIENTIFIC SYSTEMS SERVICES INC &lt;SSSV> 4TH QTR</TITLE>
+<DATELINE>    MELBOURNE, Fla., March 16 -
+    </DATELINE><BODY>Shr profit four cts vs loss 49 cts
+    Net profit 160,700 vs loss 1,867,100
+    Revs 4,700,000 vs 5,600,000
+    Year
+    Shr profit two cts vs loss 1.20 dlrs
+    Net profit 84,400 vs loss 4,507,800
+    Revs 20.5 mln vs 22.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10516" NEWID="5603">
+<DATE>16-MAR-1987 14:26:42.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3265&#31;reute
+s f BC-SKIPPERS-INC-&lt;SKIP>-S   03-16 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SKIPPERS INC &lt;SKIP> SEMI-ANNUAL DIVIDEND</TITLE>
+<DATELINE>    BELLEVUE, Wash., March 16 -
+    </DATELINE><BODY>Semi-annual div four cts vs four cts
+    Pay April 30
+    Record April 9
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10517" NEWID="5604">
+<DATE>16-MAR-1987 14:27:06.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3267&#31;reute
+s f BC-ZIEGLER-CO-INC-&lt;ZEGL>   03-16 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIEGLER CO INC &lt;ZEGL> SETS QUARTERLY</TITLE>
+<DATELINE>    WEST BEND, Wis., March 16 -
+    </DATELINE><BODY>Qtly div 13 cts vs 13 cts prior
+    Pay April 17
+    Record April 3.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10518" NEWID="5605">
+<DATE>16-MAR-1987 14:29:16.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3269&#31;reute
+h f BC-DIAMOND-STAR-MOTORS-A   03-16 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND-STAR MOTORS ADDS MORE SUPPLIERS</TITLE>
+<DATELINE>    BLOOMINGTON, ILL., March 16 - </DATELINE><BODY>Diamond-Star Motors Corp, the
+joint-venture company owned by Chrysler Corp &lt;C> and Mitsubishi
+Motors, said it has additional product suppliers for the
+all-new vehicle to be produced at the company's plant now under
+construction.
+    It said Globe Industries Inc, Chicago Heights, Ill., was
+picked to supply roof silencer pads and dash panel pads, and
+Fabricon Products of River Rouge, Mich., for hood insulators.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10519" NEWID="5606">
+<DATE>16-MAR-1987 14:33:25.52</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>soybean</D><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3281&#31;reute
+f f BC-export-inspections   03-16 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 18,345 WHEAT 11,470 CORN 34,940
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10520" NEWID="5607">
+<DATE>16-MAR-1987 14:37:32.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3301&#31;reute
+r f BC-HILTON-HOTELS-&lt;HLT>-T   03-16 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HILTON HOTELS &lt;HLT> TO LAUNCH NEW PRODUCT</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Hilton Hotels chairman and president
+Barron Hilton will introduce the hotel chain's newest product,
+the Hilton Suites, at a press conference Tuesday at the Waldorf
+Astoria, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10521" NEWID="5608">
+<DATE>16-MAR-1987 14:37:37.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3302&#31;reute
+d f BC-BANKING-CENTER-&lt;TBCX>   03-16 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKING CENTER &lt;TBCX> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    WATERBURY, Conn., March 16 - </DATELINE><BODY>Banking Center said it has
+signed a letter of intent to acquire First Railroad Mortgage Co
+from First Union Bank of Augusta, Ga., for undisclosed terms.
+    The company said First Railroad had loan production of over
+100 mln dlrs in 1986 and was servicing over 435 mln dlrs in
+loans at the end of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10522" NEWID="5609">
+<DATE>16-MAR-1987 14:38:07.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3304&#31;reute
+u f BC-SAN-PAOLO-DI-TORINO-T   03-16 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAN PAOLO DI TORINO TO ACQUIRE CALIFORNIAN BANK</TITLE>
+<DATELINE>    TURIN, March 16 - </DATELINE><BODY>Italian state bank &lt;Istituto Bancario San
+Paolo di Torino> said its fully-owned &lt;San Paolo U.S. Holding
+Co> of Wilmington in the U.S. had signed a letter of intent to
+acquire &lt;Valley National Bank> of California.
+    San Paolo said in a statement that, subject to obtaining
+official authorization from the relevant bodies, it would merge
+Valley National Bank with its subsidiary &lt;First Los Angeles
+Bank>.
+    Value of the planned acquisition was not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10523" NEWID="5610">
+<DATE>16-MAR-1987 14:38:38.62</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>soybean</D><D>oilseed</D><D>barley</D><D>sorghum</D><D>cotton</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3306&#31;reute
+u f BC-USDA-DETAILS-CONSERVA   03-16 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA DETAILS CONSERVATION CROP ENROLLMENT</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Farmers enrolled over 6.5 mln acres
+of program crops in the latest conservation reserve program
+signup and around four mln acres of non-program crops,
+Agriculture Department conservation specialists said.
+    Soybean acreage amounted to less than two mln acres of the
+non-program crop acreage enrolled, a USDA analyst said. Heavy
+enrollment of non-base acreage in wheat states, of which a big
+percentage would be fallow and non-soybean land, accounted for
+a large portion of the non-program acreage, the analyst said.
+    Wheat and corn acreage comprised slightly over 40 pct of
+the total 10,572,402 acres accepted into the ten-year program.
+    USDA analysts gave the following enrollment breakdown:
+    -- wheat  2,615,140 acres
+    -- corn   1,894,764 acres
+    -- barley   705,888 acres
+    -- sorghum  585,552 acres
+    -- cotton   417,893 acres
+    -- rice       2,035 acres
+    -- peanuts      611 acres
+    -- tobacco      285 acres
+    -- total program crops  6,512,700 acres
+    -- total nonprogram     4,059,702 acres
+    -- total enrollment    10,572,402 acres
+    USDA analysts are currently working on a complete state
+breakdown of crop acreage enrollment and should have it ready
+for publication later this week, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10524" NEWID="5611">
+<DATE>16-MAR-1987 14:39:50.46</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3307&#31;reute
+u f BC-U.S.-SENATOR-UNCOMMIT   03-16 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATOR UNCOMMITTED ON OFFERING 0/92 BILL</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Senator Richard Lugar of Indiana,
+ranking Republican on the U.S. Senate Agriculture Committee,
+has not decided whether to introduce an administration-backed
+bill to apply the so-called 0/92 provision to 1988 through 1990
+grain crops, an aide to the senator said.
+    The Reagan administration has asked Lugar to offer the
+measure, the aide said.
+    However, a number of farm groups have told Lugar they
+oppose the proposal on the grounds it would reopen the 1985
+farm bill, and the senator has decided to take a second look at
+the proposal, the aide said.
+    Last week the aide indicated Lugar was planning to offer
+the 0/92 measure and a bill to tighten a payment limitation
+loophole.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10525" NEWID="5612">
+<DATE>16-MAR-1987 14:40:38.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f3309&#31;reute
+u f BC-NYSE-TO-REPORT-IMBALA   03-16 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE TO REPORT IMBALANCES ON EXPIRATION FRIDAY</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>The New York Stock Exchange said it
+will cooperate with the Securities and Exchange Commission by
+disclosing imbalances in market-on-close orders in 50 major
+stocks thirty minutes prior to the close of trading Friday.
+    The procedure will be followed this Friday when stock index
+futures and options and individual stock options expire
+simultaneously. Such triple expirations occur four times a year
+and in the past have been associated with big swings in stock
+market averages. In a new variation of the disclosure rules,
+the NYSE said no market-on-close orders related to index
+arbitrage can be entered after 1530 EST.
+    The NYSE said all market-on-close orders for 50 big
+capitalization stocks, including the 30 components of the Dow
+Jones Industrial Average, must be entered by 1530 EST Friday.
+The NYSE will then furnish to financial news services any
+imbalance in market-on-close orders of 10,000 shares or more.
+    After 1530 EST market-on-close orders in the 50 stocks can
+be entered only on the opposite side of the imbalance. But the
+bar on entering market-on-close orders related to index
+arbitrage after 1530 EST is a new element of the disclosure
+plan, which has the goal of making the market less volatile
+during the triple expirations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10526" NEWID="5613">
+<DATE>16-MAR-1987 14:42:16.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f3316&#31;reute
+r f BC-PNC-FINANCIAL-&lt;PNCF>   03-16 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PNC FINANCIAL &lt;PNCF> UNIT UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Moody's Investors Service Inc said it
+raised to Aa-2 from Aa-3 the long-term deposit obligations of
+Citizens Fidelity Bank and Trust Co because its parent,
+Citizens Fidelity Corp, has merged into PNC Financial Corp.
+    Moody's said the merger should strengthen the bank's
+earnings potential through the acquired access to PNC's product
+lines. It should also result in significantly more financial
+flexibility to Citizens Fidelity, Moody's said.
+    The bank's Prime-1 rating for short-term deposits was not
+affected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10527" NEWID="5614">
+<DATE>16-MAR-1987 14:45:55.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3323&#31;reute
+d f BC-VIDEO-SHOPPING-MALL-E   03-16 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIDEO SHOPPING MALL EXPANDS VIEWERS BASE</TITLE>
+<DATELINE>    JENKINGTOWN, Penn., March 16 - </DATELINE><BODY>&lt;Video Shopping Mall Inc>
+said it signed agreements to increase its programming by four
+additional stations, adding 3.04 mln viewers.
+    It said its programs now reach 24.8 mln households.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10528" NEWID="5615">
+<DATE>16-MAR-1987 14:46:01.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3324&#31;reute
+d f BC-INTERNATIONAL-FINE-FO   03-16 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL FINE FOODS MAKES ACQUISITION</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>&lt;International Fine Foods Inc> said it
+has acquired 2001 Distributors Inc of West Babylon, N.Y., for
+875,000 common shares, plus contingent shares based on future
+earnings.
+    2001 distributes fresh-squeezed juices and had a loss on
+sales of about one mln dlrs in 1986, its first year of
+operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10529" NEWID="5616">
+<DATE>16-MAR-1987 14:47:09.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3327&#31;reute
+u f BC-STIFFER-U.S.-SECURITI   03-16 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STIFFER U.S. SECURITIES PENALTIES SOUGHT</TITLE>
+<DATELINE>    DETROIT, March 16 - </DATELINE><BODY>The House Committee on Energy and
+Commerce is studying recommendations for stricter penalties for
+violation of securities laws, said Rep. John D. Dingell, D-
+Mich., chairman of the committee.
+    Dingell told Reuters after a speech to businessmen here
+that insider trading laws must be strengthened to assure that
+self-regulation by the securities industry is more effective.
+    "We've got to see to it that (exchange) members regulate
+their employees," he said.
+    Dingell said his committee is "looking at a number of
+possibilities" to harshen penalties for violation of securities
+laws. But he would not be more specific, saying proposals on
+stiffer penalties are still being drafted in Washington.
+    "I wish I could be more definitive, but I can't," Dingell
+told Reuters.
+    Dingell said another solution to the problem of insider
+trading would be a "significant" increase in funding for the
+Securities and Exchange Commission, as well as in SEC's
+authority to enforce securities laws.
+    Dingell added that he supports self-regulation by the
+securities industry rather than government creation of "some
+new structure that may or may not work."
+    "The markets must regulate themselves," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10530" NEWID="5617">
+<DATE>16-MAR-1987 14:47:35.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3331&#31;reute
+d f BC-UNITED-TOTE-INC-&lt;TOTE   03-16 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TOTE INC &lt;TOTE> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    SHEPHERD, Mont., March 16 -
+    </DATELINE><BODY>Shr profit nil vs loss 10 cts
+    Net profit 2,936 vs loss 170,866
+    Revs 4,147,248 vs 1,091,392
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10531" NEWID="5618">
+<DATE>16-MAR-1987 14:47:39.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3332&#31;reute
+h f BC-PRO-MED-CAPITAL-&lt;PRMD   03-16 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRO-MED CAPITAL &lt;PRMD> TO BE INCLUDED IN NMS</TITLE>
+<DATELINE>    NORTH MIAMI BEACH, Fla., March 16 - </DATELINE><BODY>Pro-Med Capital Inc
+said its common will be included in the next expansion of the
+NASDAQ National Market System, which will take place tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10532" NEWID="5619">
+<DATE>16-MAR-1987 14:51:17.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3344&#31;reute
+r f BC-SYSTEMHOUSE-INC-&lt;SHKI   03-16 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYSTEMHOUSE INC &lt;SHKIF> WINS CONTRACT</TITLE>
+<DATELINE>    LOS ANGELES, March 16 - </DATELINE><BODY>Systemhouse Inc said it has been
+awarded a 12 mln dlr contract by the County of Los Angeles to
+design and develop its integrated County Justice Information
+System.
+    Systemhouse also said it has opened a branch in Los
+Angeles, as a direct result of the contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10533" NEWID="5620">
+<DATE>16-MAR-1987 14:52:45.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3348&#31;reute
+r f BC-SEVEN-OAKS-&lt;QPON>-IN   03-16 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEVEN OAKS &lt;QPON> IN TELEMARKETING VENTURE</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 16 - </DATELINE><BODY>Seven Oaks International Inc
+said it has formed a new 80 pct owned subsidiary called Seven
+Oaks Direct Inc to offer a full line of telemarketing services.
+    It said Seven Oaks direct management will own the remaining
+20 pct.
+    The company said initial costs connected with the startupo
+of a new Memphis, Tenn., marketing center for Seven Oaks direct
+may hurt earnings slightly in the first half of the year ending
+in April 1988, but Seven Oaks Direct should operate at no worse
+than breakeven for fiscal 1988 as a whole.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10534" NEWID="5621">
+<DATE>16-MAR-1987 14:53:33.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3351&#31;reute
+b f BC-******BALLY-MFG-FILES   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BALLY MFG FILES FOR PUBLIC OFFERING OF ITS HEALTH AND TENNIS CORP SUBSIDIARY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10535" NEWID="5622">
+<DATE>16-MAR-1987 14:56:08.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f3354&#31;reute
+b f BC-/CME,-CBOE-TO-LAUNCH   03-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME, CBOE TO LAUNCH INTERNATIONAL STOCK INDEX</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>The Chicago Mercantile Exchange, CME,
+and the Chicago Board Options Exchange, CBOE, announced today
+that they will trade futures and options, respectively, on an
+index of international securities compiled by Morgan Stanley
+Group Inc.
+    Morgan Stanley said it has agreed to license the exchanges
+to use the Morgan Stanley Capital International Europe,
+Australia and Far East, or EAFE, stock index as the trading
+basis.
+    The EAFE index is comprised of 900 international stocks
+from 16 nations in Europe, the Far East, and Australia.
+    "The EAFE is the only instrument by which world markets are
+measured," CME special counsel Leo Melamed said at a news
+conference announcing the agreement.
+    CME Chairman Jack Sandner noted that one-third of the
+exchange's daily trading volume now derives from overseas.
+    "The success of our index markets, particularly the S and P
+index, is ample precedent to forging ahead" in international
+markets, he said.
+    Mark Sladkus, publisher of Morgan Stanley Capital
+International Perspective, said Japanese bank stocks represent
+the largest portion of the index.
+    The officials said the exchanges have not yet submitted the
+EAFE index to the Securities and Exchange Commission and the
+Commodities Futures Trading Commission for approval.
+    However, Melamed said approval is not expected to be
+granted quickly, and the exchanges did not set a starting date
+for the new contracts.
+    The EAFE index is tabulated daily, but Sladkus said
+real-time calculation will be introduced when trading begins.
+    The conflicting opening and closing of international
+securities markets will have to be accommodated in the
+calculations, he noted.
+    Morgan Stanley has been calculating the EAFE index weekly
+since 1970 and daily since 1972.
+    The CME and CBOE will negotiate with a third party to be
+"an independent monitor ... the guardian" of the index, Melamed
+said. "Morgan will remove itself from deciding which stocks
+move in and out of the index."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10536" NEWID="5623">
+<DATE>16-MAR-1987 15:01:59.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f3368&#31;reute
+r f BC-WESTERN-DIGITAL-&lt;WDC>   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN DIGITAL &lt;WDC> TO REDEEM CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Western Digital Corp said it intends
+to call for redemption on April six all of its outstanding
+6-3/4 pct convertible subordinated debentures due 2011.
+    It said it would buy back the convertible debentures at
+1,090.94 dlrs per each 1,000 dlr face amount, including accrued
+interest.
+    Until the close of business on April six, the debentures
+are convertible into the company's common stock at 17.50 dlrs
+per share, or 57.14 shares per each 1,000 dlr debenture. The
+company's stock closed at 26.625 dlrs a share on Friday,
+WEestern Digital said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10537" NEWID="5624">
+<DATE>16-MAR-1987 15:02:10.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3370&#31;reute
+r f BC-QUADREX-CORP-&lt;QUAD>-4   03-16 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUADREX CORP &lt;QUAD> 4TH QTR JAN 31 LOSS</TITLE>
+<DATELINE>    CAMPBELL, Calif., March 16 -
+    </DATELINE><BODY>Shr loss eight cts vs loss 20 cts
+    Net loss 586,000 vs los 1,497,000
+    Revs 13.8 mln vs 14.4 mln
+    Year
+    Shr loss 15 cts vs loss 18 cts
+    Net loss 1,135,000 vs loss 1,377,000
+    Revs 57.7 mln vs 55.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10538" NEWID="5625">
+<DATE>16-MAR-1987 15:02:18.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f3371&#31;reute
+r f BC-MOODY'S-MAY-DOWNGRADE   03-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE CONSECO &lt;CNC> DEBT</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade Conseco Inc's 100 mln dlrs of debt.
+    The rating agency cited Conseco's proposal to acquire
+Western National Life Insurance Co from Beneficial Corp &lt;BNL>.
+Moody's said its review would focus on the financing of the
+deal, which will increase Conseco's size from 650 mln dlrs in
+assets to about 2.7 billion dlrs.
+    Moody's will also study the adequacy of projected earnings
+and cash flow from Western National in relation to the
+financing plan. Conseco currently carries B-1 senior
+subordinated debentures and convertible debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10539" NEWID="5626">
+<DATE>16-MAR-1987 15:02:43.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f3374&#31;reute
+u f BC-MORGAN-&lt;JPM>-SAYS-BRA   03-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN &lt;JPM> SAYS BRAZIL NONACCRUALS MAY RISE</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>J.P. Morgan and Co Inc said that
+Brazil's recent suspension of interest payments on part of its
+commercial bank debt may lift its nonaccrual loans this year.
+    Morgan, which has over 1.9 billion dlrs of Brazilian debt,
+said in its annual report, "it is possible that nonaccrual
+loans to borrowers in Brazil could increase during 1987."
+    However, a spokesman for Morgan told Reuters, "right now we
+are still accruing interest and we have not yet decided what
+will be done as of March 31."
+    Citicorp &lt;CCI> said last week that 3.9 billion dlrs of
+Brazilian loans may be put on a cash basis on March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10540" NEWID="5627">
+<DATE>16-MAR-1987 15:07:10.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3390&#31;reute
+r f BC-PHILIP-CROSBY-ASSOCIA   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIP CROSBY ASSOCIATES &lt;PCA> EARNINGS DELAYED</TITLE>
+<DATELINE>    WINTER PARK, Fla., March 16 - </DATELINE><BODY>Philip Crosby Associates Inc
+said its fourth quarter and annual earnings report will be
+delayed two more weeks.
+    The company cited the recent in-house embezzlement and a
+subsequent review by auditors of its international situation as
+reason for the delay.
+    Philip Crosby, however, said it believes its December
+estimate calling for earnings per share between 10 cts and 15
+cts, on revenues of 11 mln dlrs, was still valid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10541" NEWID="5628">
+<DATE>16-MAR-1987 15:07:26.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3391&#31;reute
+b f BC-/BALLY-MFG-&lt;BLY>-TAKI   03-16 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY MFG &lt;BLY> TAKING HEALTH CLUB UNIT PUBLIC</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>Bally Manufacturing Corp said its
+Health and Tennis Corp filed with the Securities and Exchange
+Commission for an initial public offering of 5,800,000 shares
+of common stock and a concurrent offering of 50 mln dlrs of
+20-year convertible subordinated debentures.
+    The company said it expects the initial public offering
+price to be between 13 dlrs and 15 dlrs a share.
+    Upon completion of the offering, Bally said it will own 76
+pct of Bally's Health and Tennis Corp.
+    Bally said Drexel Burnham Lambert Inc and Paine Webber Inc
+will represent underwriters of the offering, and Drexel will
+underwrite the debenture offering.
+    Bally's Health and Tennis Corp operates more than 250
+fitness centers and has about 1,800,000 members.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10542" NEWID="5629">
+<DATE>16-MAR-1987 15:07:58.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3393&#31;reute
+d f BC-UNITED-TOTE-INC-&lt;TOTE   03-16 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TOTE INC &lt;TOTE> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    SHEPHERD, Mont., March 16 -
+    </DATELINE><BODY>Shr nil vs loss 10 cts
+    Net profit 2,936 vs loss 170,866
+    Revs 4,147,248 vs 1,091,392
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10543" NEWID="5630">
+<DATE>16-MAR-1987 15:09:12.55</DATE>
+<TOPICS><D>ship</D><D>crude</D><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f3395&#31;reute
+r f BC-PACIFIC-RESOURCES-&lt;PR   03-16 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC RESOURCES &lt;PRI> INSTALLS OIL MOORING</TITLE>
+<DATELINE>    HONOLULU, March 16 - </DATELINE><BODY>Pacific Resources Inc said it has
+installed a CALM (Catenary Anchor Leg Mooring) single-point
+mooring terminal off the southwest coast of Oahu at its
+Hawaiian Independent Refinery at a cost of 3.5 mln dlrs.
+    The system transfers crude and fuel oils from tankers to
+the refinery's tank farm and carries refined products to ships
+for export, PRI said.
+    Company chairman Robert G. Reed said the new mooring system
+will permit 24-hour service in most kinds of weather and will
+reduce ship turnaround time. He said the mooring is the first
+of its kind in the U.S.
+    The new system can accomodate vessels up to 150,000
+deadweight tons, or one mln barrels of cargo, PRI said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10544" NEWID="5631">
+<DATE>16-MAR-1987 15:09:23.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f3396&#31;reute
+u f BC-/U.S.-MONEY-MANAGERS   03-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MONEY MANAGERS MAY LEAN TO STOCKS VS BONDS</TITLE>
+<AUTHOR>    By Martin Cherrin, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>U.S. money managers and investment
+advisors said they expect stocks to continue to outperform
+bonds, but some are hedging bets by keeping roughly half of
+portfolios in bonds and cash for quick investment shifts.
+    Merrill Lynch said its new asset mix report due today will
+urge weightings of 50 pct stock, 35 pct bonds and 15 pct cash
+versus 40 pct bonds, 35 pct stock and 25 pct cash previously.
+    "We believe an overweighting in stocks is warranted because
+of the positive momentum of corporate earnings," said Christine
+Lisec-Tinto, Merrill senior investment strategist.
+    Lisec-Tinto, who formulated Merrill's latest asset mix
+recommendations with new chief investment strategist Charles
+Clough, said there may be some consolidation of recent stock
+price gains, but the market appears to have good potential.
+    Through Friday, stock prices as measured by the Dow Jones
+Industrial Average surged 19.13 pct in 1987. Meanwhile, the 
+Shearson Lehman Treasury bond price index edged up 0.4 pct.
+    "We believe that the equity market has much more upside
+potential than the bond market," Chrysler Corp &lt;C> treasurer
+Fred Zuckerman said. He said "interest rates are not coming
+down and I would not bet a lot that they will come down
+sharply."
+    Chrysler's 3.5 billion pension fund last week sold 405 mln
+dlrs of corporate bonds in the first of two planned sales of
+slightly less than one billion dlrs of corporates.
+    Zuckerman told Reuters the proceeds will be used to buy
+stock to bring equities to 50 pct or more of the portfolio.
+    A roughly even bond/stock portfolio split also is urged by
+Wright Investors Service, with 4.25 billion dlrs under
+management, but it is more optimistic on bonds than stocks.
+    "We'd put half in bonds and half in equities now," said
+Judith Corchard, Wright senior vice president. She said the
+bond share was lifted from 35 pct in the last three months.
+    "The stock market has appreciated sharply and discounted
+future corporate earnings extensively," Corchard said. She said
+"we're worried about a stock price correction of as much as 10
+to 15 pct within six, or possibly even three months."
+    Meanwhile, Wright expects bonds to benefit from a half to
+one percentage point decline in interest rates by year's end.
+    "At this level of the stock market, there is more of an
+advantage to being in long-term bonds than in equities, given
+our interest rate scenario," Corchard said.
+    "The stock market has come a long way in a short time. I'd
+be hardpressed to jump into stocks with the Dow near 2300
+unless I was really convinced that earnings and multiples will
+increase," said a fixed-income securities portfolio manager at
+a major money center bank.
+    He said the bank has kept bond/equity portfolio mix fairly
+stable recently and probably will make no major changes for
+months as it awaits economic, oil price and dollar trends.
+    "We've seen no real movement from bonds to stocks among our
+funds," said George Collins, president of T. Rowe Price
+Associates, with 22 billion dlrs in assets under management.
+    While he detected no rush into stocks from bonds, either
+among the many mutual funds under the T. Rowe Price umbrella or
+among outside money managers, Collins thinks stocks are better
+investments than bonds at this time.
+    "In the near term, the stock market has more prospects for
+growth, due to the mixed signals on the economy so far, the
+slim chance the Federal Reserve will ease policy and still
+heavy debt accumulation," Collins said.
+    He expects U.S. stocks to improve further because there is
+more corporate earnings potential, nominal interest rates
+already are low and there is strong foreign demand for stock.
+    Collins said that in funds which include bonds and stocks,
+the firm has long maintained an aggressive 75 pct weighting in
+equity with the rest in bonds and cash.
+    "Our equity managers have taken a slightly heavier cash
+position in equity portfolios lately," Collins said.
+    "Cash" in portfolios usually means short Treasury bills
+which can be readily sold to allow rapid investment shifts.
+    Many portfolio managers are working with relatively high
+cash positions in equity accounts, often 25 to 30 pct, given  
+the belief that there may well be downward price corrections
+enroute to higher ground.
+    In bond portfolios, the money managers generally showed a
+preference for shorter term (10 years and under) Treasury notes
+and, to a lesser extent, agency securities, rather than
+longer-dated Treasury issues and corporate bonds.
+    Since yield premiums of corporate over Treasury bonds are
+now the lowest in years, many investors believe corporates are
+overvalued versus Treasury and agency issues. Another negative
+cited for corporate bonds is the risk of hostile takeovers,
+leveraged buyouts and sudden ratings declines that does not
+exist with Treasury or Federal agency securities.
+    Farm Credit paper was cited by some as undervalued and a
+good buy, despite the issuer's well-publicized financial woes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10545" NEWID="5632">
+<DATE>16-MAR-1987 15:12:04.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3406&#31;reute
+r f BC-NEW-PLAN-REALTY-TRUST   03-16 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW PLAN REALTY TRUST &lt;NPR> 2ND QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Qtr ends Jan 31
+    Shr 22 cts vs 19 cts
+    Net 4,549,000 vs 3,666,000
+    Revs 8,903,000 vs 7,791,000
+    Avg shrs 20.9 mln vs 19.9 mln
+    Six mths
+    Shr 42 cts vs 41 cts
+    Net 8,641,000 vs 7,928,000
+    Revs 17.5 mln vs 14.6 mln
+    Avg shrs 20.8 mln vs 19.4 mln
+    NOTE: earnings were restated to reflect the three-for-two
+stock split on April one, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10546" NEWID="5633">
+<DATE>16-MAR-1987 15:17:58.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3427&#31;reute
+d f BC-BELLSOUTH-&lt;BLS>-EXPAN   03-16 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELLSOUTH &lt;BLS> EXPANDS MOBILE PHONE SERVICE</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., March 16 - </DATELINE><BODY>BellSouth Corp's BellSouth
+Mobility Inc unit said its mobile phone customers can now
+choose their long-distance carrier.
+    Previously, all mobile calls were routed through American
+Telephone and Telegraph Co's long distance service.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10547" NEWID="5634">
+<DATE>16-MAR-1987 15:24:56.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3447&#31;reute
+f f BC-SCHLUMBERGER-SAYS-IT   03-16 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SCHLUMBERGER SAYS IT TERMINATES PACT TO SELL FAIRCHILD SEMICONDUCTOR BUSINESS TO FUJITSU
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10548" NEWID="5635">
+<DATE>16-MAR-1987 15:29:04.98</DATE>
+<TOPICS><D>meal-feed</D><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3450&#31;reute
+u f BC-MORE-CCC-CREDIT-GUARA   03-16 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE CCC CREDIT GUARANTEES FOR ALGERIA -- USDA</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has approved an additional 84.0 mln dlrs in credit
+guarantees for sales of U.S. agricultural products to Algeria
+for fiscal year 1987 under the Export Credit Guarantee Program
+(GSM-102), the U.S. Agriculture Department said.
+    The department said the additional guarantees provide up to
+31.0 mln dlrs in coverage for sales of protein meals, 9.0 mln
+dlrs for tallow, and 44.0 mln dlrs for vegetable oils.
+    The latest guarantees increase the cumulative fiscal 1987
+program for sales of U.S. agricultural products to Algeria to
+464.0 mln dlrs from 380.0, it said.
+    To be eligible for the credit guarantees, all sales must be
+registered with the CCC by September 30, and shipments
+completed by December 31, 1987, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10549" NEWID="5636">
+<DATE>16-MAR-1987 15:30:15.82</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>sorghum</D></TOPICS>
+<PLACES><D>usa</D><D>honduras</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3453&#31;reute
+u f BC-PL-480-COMMODITIES-FO   03-16 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PL 480 COMMODITIES FOR HONDURAS -- USDA</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The United States has signed a
+Public Law 480 agreement with Honduras to provide for the sale
+of 12.0 mln dlrs worth of U.S. agricultural commodities, the
+U.S. Agriculture Department said.
+    The agreement, signed March 11, provides for the sale of
+about 75,000 tonnes of wheat/wheat flour worth 8.5 mln dlrs,
+15,000 tonnes of corn/sorghum worth 1.5 mln dlrs and 6,000
+tonnes of tallow worth 2.0 mln dlrs, the department said.
+    The commodities will be supplied in the current fiscal
+year, ending September 30, and sales will be by private U.S.
+traders on a competitive bid basis.
+    Purchase authorizations will be announced as issued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10550" NEWID="5637">
+<DATE>16-MAR-1987 15:32:02.30</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3457&#31;reute
+f f BC-ussr-export-sale   03-16 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 150,000 TONNES CORN  SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10551" NEWID="5638">
+<DATE>16-MAR-1987 15:33:40.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE><D>babangida</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T M C
+&#22;&#22;&#1;f3460&#31;reute
+r f BC-NIGERIAN-RIOTERS-TO-F   03-16 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIAN RIOTERS TO FACE SUMMARY TRIAL</TITLE>
+<DATELINE>    LAGOS, March 16 - </DATELINE><BODY>More than 500 people arrested during last
+week's riots in northern Nigeria will face summary trial by a
+judicial tribunal, President Ibrahim Babangida said.
+    He said investigations showed the the violence was
+carefully planned by "evil men" and those arrested would be tried
+for arson, murder, rape and treason, some of which carry the
+death penalty.
+    Babangida said the crisis was "the civilian equivalent of an
+attempted coup d'etat" against the government.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10552" NEWID="5639">
+<DATE>16-MAR-1987 15:34:42.04</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3461&#31;reute
+r f BC-SENS.-DANFORTH,-BOND   03-16 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENS. DANFORTH, BOND ASK TARGETED 0/92 MEASURE</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Missouri Republican Senators John
+Danforth and Christopher Bond have introduced a bill that would
+allow wheat and feedgrain producers along the Mississippi and
+Missouri Rivers hurt by flooding last year to collect at least
+92 pct of their deficiency payments this year without planting.
+    Danforth aide Austin Schlick said the bill was similar to a
+provision included in a House Agriculture Committee-passed
+emergency disaster assistance bill scheduled to be taken up by
+the House tomorrow.
+    Schlick said flooding destroyed a number of levees along
+the two rivers last October, leaving farmland there vulnerable
+to further damage this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10553" NEWID="5640">
+<DATE>16-MAR-1987 15:35:03.27</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>usa</D><D>cyprus</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3462&#31;reute
+u f BC-CCC-ACCEPTS-BONUS-BID   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS BONUS BID ON BARLEY TO CYRPUS</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has accepted a bid on an export bonus to cover the sale
+of 8,000 tonnes of barley to Cyprus, the U.S. Agriculture
+Department said.
+    The barley is for shipment May 5-20 and the bonus of 39.32
+dlrs per tonne was made to Harvest States Cooperatives, the
+department said.
+    The bonus will be paid in the form of commodities from the
+inventory of CCC stocks.
+    The department said an additional 42,000 tonnes of U.S.
+barley are still available to Cyprus under the Export
+Enhancement Program initiative announced on August 26, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10554" NEWID="5641">
+<DATE>16-MAR-1987 15:35:42.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3464&#31;reute
+u f BC-LYNCH-CORP-&lt;LGL>-UNIT   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNCH CORP &lt;LGL> UNIT BUYS TELEVISION STATION</TITLE>
+<DATELINE>    FAIRFIELD, N.J., March 16 - </DATELINE><BODY>Lynch Corp subisidiary Lynch
+Entertainment Corp said it formed a general partnership called
+Coronet Communications Co, which has acquired WHBF-TV station,
+in Rock Island, Ill.
+    The company said the price for the station, a CBS
+television network affiliate, was 20 mln dlrs. The company also
+said the other partner is Lombardo Communications Inc, a
+wholly-owned corporation of Phillip Lombardo.
+    Lynch said it will pursue further acquisitions of media and
+entertainment entities with emphasis on broadcasting and cable
+television operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10555" NEWID="5642">
+<DATE>16-MAR-1987 15:36:28.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3467&#31;reute
+r f BC-MORGAN-&lt;MS>-LICENSES   03-16 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN &lt;MS> LICENSES OVERSEAS INDEX FOR TRADING</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>Morgan Stanley Group Inc said its
+Capital International Europe, Australia and Far East, or EAFE,
+stock index will be a used as a basis for trading futures and
+listed options.
+    The company said it granted licenses to the Chicago
+Mercantile Exchange and the Chicago Board of Options for the
+EAFE index.
+    The index includes 900 companies representing 16 national
+stock markets in Europe, Australia and the Far East. It is used
+as a benchmark of international stock market activity, the
+company said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10556" NEWID="5643">
+<DATE>16-MAR-1987 15:36:46.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3468&#31;reute
+b f BC-SCHLUMBERGER-SAYS-IT   03-16 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHLUMBERGER &lt;SLB> ENDS PACT TO SELL FAIRCHILD</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Schlumberger Ltd said it terminated an
+agreement in principle for Fujitsu Ltd to buy 80 pct of its
+Fairchild Semiconductor operations.
+    The company said the rising political controversy in the
+U.S. concerning the venture made it unlikely that the sale of
+the Fairchild stake could be completed within a reasonable
+time.
+    The sale has been opposed by the U.S. Commerce Department
+and the U.S. Defense Department, in part on national security
+grounds.
+    The company said termination of the agreement opened other
+possibilities, including a possible leveraged buyout of the
+semiconductor maker by Fairchild management.
+    In the interim, Fairchild would continue its ongoing
+business within Schlumberger, the oilfield services concern
+said.
+    Last October, Schlumberger announced the sale of the
+Fairchild stake and said it would take a 200 mln dlrs charge in
+the fourth quarter from the sale. The company ended up
+recording special charges of 2.1 billion dlrs in the fourth
+quarter, leading to a loss of 2.02 billion dlrs for the year.
+    Schlumberger never announced a price for the sale, but
+industry analysts have estimated the value of the deal at about
+200 mln dlrs.
+    The proposed sale was under antitrust review by the U.S.
+Justice Department. Additionally, Commerce Secretary Malcolm
+Baldridge and other U.S. officials have voiced reservations
+about the transaction since it was announced.
+    Government officials have expressed concern that the sale
+could reduce the competitiveness of U.S. chip makers by putting
+key advanced technology into Japanese hands.
+    New, high-technology semiconductors are used in
+supercomputers, which are faster and more powerful than
+existing computers.
+    Schlumberger is an oilfield services company controlled by
+French interests and headquartered in New York. Fujitsu Ltd is
+a computer and telecommunications company based in Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10557" NEWID="5644">
+<DATE>16-MAR-1987 15:37:23.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3469&#31;reute
+u f BC-HENLEY-GROUP-&lt;HENG>-S   03-16 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENLEY GROUP &lt;HENG> SETS FISHER DISTRIBUTION</TITLE>
+<DATELINE>    LA JOLLA, Calif., March 16 - </DATELINE><BODY>Henley Group Inc said it
+declared a special dividend distribution of one Fisher
+Scientific Group Inc share for every 16 Henley shares.
+    Previously, it said it would pay one fisher share for every
+20 outstanding, but it changed the ratio because of the
+reduction in its outstanding shares to 109 mln from 129 mln.
+    It said the distribution of about 20 pct of Fisher's common
+stock will be made April six to holders of record March 26.
+Fisher will trade on NASDAQ under the symbol &lt;FSHG>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10558" NEWID="5645">
+<DATE>16-MAR-1987 15:37:38.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3470&#31;reute
+r f BC-FORD-&lt;F>-TO-RECALL-33   03-16 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> TO RECALL 33,600 FULL SIZE CARS</TITLE>
+<DATELINE>    DEARBORN, MICH., March 16 - </DATELINE><BODY>Ford Motor Co said it is
+recalling about 33,600 of its 1987-model year Ford Crown
+Victoria, Mercury Grand Marquis and Lincoln Town Car vehicles
+equipped with 5.0 -liter engines.
+    It said the vehicles may have been produced with some
+improperly manufactured sterring linkage components that could
+fracture, causing reduced steering control.
+    Ford said it was unaware of any accidents or injuries
+caused by the conditions prompting the recall.
+    It said of the affected vehicles, about 32,000 are in the
+United States, 1,200 in Canada and 400 in export locations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10559" NEWID="5646">
+<DATE>16-MAR-1987 15:39:35.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f3474&#31;reute
+u f BC-OMB-CHIEF-SAYS-CONGRE   03-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMB CHIEF SAYS CONGRESS CLOSE ON DEFICIT CUTS</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Office of Management and Budget
+Director James Miller said he believed Congress was moving
+closer to a compromise with the administration over federal
+budget deficit cuts for the coming fiscal year.
+    "I think Congress is moving in the direction of the
+president," he told Reuters as he was about to address a meeting
+of the Federal Managers Association.
+    He did not elaborate on this but said a reported agreement
+by House and Senate budget writers calling for about 36 billion
+dlrs in deficit cuts was "six billion too short." The
+administration proposed 42 billion dlrs in deficit reductions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10560" NEWID="5647">
+<DATE>16-MAR-1987 15:41:19.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3476&#31;reute
+r f BC-GENCORP-&lt;GY>-1ST-QTR   03-16 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> 1ST QTR OPERATING EARNINGS ROSE</TITLE>
+<DATELINE>    AKRON, Ohio, March 16 - </DATELINE><BODY>GenCorp said its first quarter
+earnings from operations rose four pct as sales increased six
+pct to 650 mln dlrs from 614 mln a year earlier.
+    However, the company reported net income declined to 17 mln
+dlrs, or 77 cts a share, in the quarter ended February 28 from
+19 mln dlrs, or 84 cts a year earlier. This year's net included
+700,000 dlrs from the sale of assets while last years was
+increased 3.0 mln dlrs by such sales.
+    GenCorp said lower operating profits for the tire and
+plastics and industrial products segments were essentially
+offset by higher wallcovering results.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10561" NEWID="5648">
+<DATE>16-MAR-1987 15:41:49.01</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3480&#31;reute
+b f BC-/NEW-EEP-DURUM-WHEAT   03-16 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW EEP DURUM WHEAT OFFER TO ALGERIA -- USDA</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>U.S. exporters will have the
+opportunity to sell an additional 300,000 tonnes of U.S. durum
+wheat to Algeria under the Export Enhancement Program, EEP, the
+U.S. Agriculture Department said.
+    The department said the sales will be subsidized with
+commodities from the Commodity Credit Corporation, CCC,
+inventory and the subsidy will enable U.S. exports to compete
+at commercial prices in the Algerian market.
+    Algeria has already purchased 300,000 tonnes of U.S. durum
+wheat under a previous export enhancement initiative announced
+November 10, 1986, it said.
+    Details of the latest initiative, including an invitation
+for offers from exporters, will be issued in the near future,
+the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10562" NEWID="5649">
+<DATE>16-MAR-1987 15:42:13.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3483&#31;reute
+r f BC-ADVANCED-MICRO-&lt;AMD>   03-16 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED MICRO &lt;AMD> PLANS NEW MICROPROCESSOR</TITLE>
+<DATELINE>    SUNNYVALE, Calif., March 16 - </DATELINE><BODY>Advanced Micro Devices said
+it plans to build the first of a new generation of 32-bit CMOS
+microprocessors designed to operate three to five times faster
+than the 32-bit devices currently built.
+    The new microprocessor is capable of sustained performance
+of 17 mln instructions per second and has a peak of 25 mln
+instructions per second, the company said.
+    It said the new device is suitable for engineering
+workstations, super-minicomputers, laser printer controllers
+and other high-performance applications.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10563" NEWID="5650">
+<DATE>16-MAR-1987 15:43:14.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3486&#31;reute
+r f BC-MCCORMICK-AND-CO-INC   03-16 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCCORMICK AND CO INC &lt;MCCRK> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    HUNT VALLEY, Md., March 16 -
+    </DATELINE><BODY>Shr 37 cts vs 35 cts
+    Net 4,346,000 vs 4,202,000
+    Revs 232.0 mln vs 223.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10564" NEWID="5651">
+<DATE>16-MAR-1987 15:43:29.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3487&#31;reute
+h f BC-LYPHOMED-&lt;LMED>,-VEST   03-16 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYPHOMED &lt;LMED>, VESTAR &lt;VSTR> JOINT VENTURE</TITLE>
+<DATELINE>    ROSEMONT, ILL., March 16 - </DATELINE><BODY>LyphoMed Inc said it and Vestar
+Inc entered into a joint venture to develop and market liposome
+formulations of selected drugs.
+    Liposomes are spheres of subcellular size which are
+composed of phospholipids, the primary components of living
+cell membranes.
+    During the project's first year, the companies will jointly
+develop liposome formulations for designated drugs and
+establish a commercial production capacity as well as
+coordinate and fund clinical studies of the formulations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10565" NEWID="5652">
+<DATE>16-MAR-1987 15:44:16.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3490&#31;reute
+f f BC-******TWA-SAID-IT-DOE   03-16 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TWA SAID IT DOES NOT INTEND TO SEEK CONTROL OF USAIR, ACQUIRE MORE STOCK AT THIS TIME
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10566" NEWID="5653">
+<DATE>16-MAR-1987 15:44:55.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3492&#31;reute
+d f BC-N.J.-BUSINESS-CONVERT   03-16 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.J. BUSINESS CONVERTS MAGAZINE TO MONTHLY</TITLE>
+<DATELINE>    MORGANVILLE, N.J., March 16 - </DATELINE><BODY>The Business Journal of New
+Jersey said it will publish Garden State Home and Garden
+monthly, beginning in September.
+    The company said the publication was launched as a
+bi-monthly in November 1986. The decision to covert to a
+monthly was made as a result of increasing demand for
+advertising space in the first four issues.
+    The company also said it expects 1987 revenues of about
+three mln dlrs, continuing average growth of over 50 pct for a
+second year.
+    A spokesman declined to release actual 1986, stating the
+company had not completed its 10K report. For the first nine
+months of 1986, it had sales of 1,070,000 dlrs while sales for
+all of 1985 were a little less than one mln dlrs, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10567" NEWID="5654">
+<DATE>16-MAR-1987 15:45:55.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3496&#31;reute
+d f BC-TELEQUEST-INC-&lt;TELQ>   03-16 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEQUEST INC &lt;TELQ> 4TH QTR DEC 31 LOSS</TITLE>
+<DATELINE>    SAN DIEGO, Calif., March 16 -
+    </DATELINE><BODY>Shr loss nine cts vs profit 35 cts
+    Net loss 299,000 vs profit 1,025,000
+    Sales 9,704,000 vs 9,659,000
+    Avg shrs 3,792,138 vs 2,892,138
+    Year
+    Shr profit one ct vs profit 58 cts
+    Net profit 45,000 vs profit 1,705,000
+    Sales 25.4 mln vs 17.8 mln
+    Avg shrs 3,567,138 vs 2,892,138
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10568" NEWID="5655">
+<DATE>16-MAR-1987 15:47:53.09</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D><D>turkey</D><D>algeria</D><D>morocco</D><D>tunisia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3499&#31;reute
+b f BC-/U.S.-EEP-VEG-OIL-PRO   03-16 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. EEP VEG OIL PROPOSALS STILL UNDER REVIEW</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>U.S. Agriculture Department
+proposals to offer 260,000 tonnes of subsidized vegetable oil
+to four countries are still under consideration by an
+interagency trade policy group, a USDA official close to the
+group said.
+    The official, who asked not to be identified, dismissed a
+report circulating in markets today that the interagency trade
+policy review group had rejected the proposals.
+    Under the proposals, USDA would offer vegetable oil under
+the export enhancement program, EEP, to four countries,
+including 80,000 tonnes to Turkey and 60,000 tonnes to Algeria,
+Morocco and Tunisia, industry sources said.
+    The proposals "are still under review" by the interagency
+working group, the USDA official said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10569" NEWID="5656">
+<DATE>16-MAR-1987 15:48:23.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f3502&#31;reute
+r f AM-GULF-AMERICAN   03-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN GAIN IN IRAQI TERRITORY SEEN INSIGNIFICANT</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The United States today dismissed as
+insignificant gains by Iranian forces in Northern Iraq.
+    State Department spokesman Charles Redman told reporters
+the gain in an area around Mount Kardemand had no signifficant
+bearing on the seven-year-old Gulf war.
+    Press reports from the region said the Iranian push had
+placed its forces to move against the road to Rawandiz, some 60
+miles (96 KM) north of major Iraqi oil fields and refineries
+and the Turkish-Iraqi pipeline at Kirkuk.
+    But Redman said the Iranian push "took place in an area of
+Iraqi territory which is of little strategic value".
+    "Actual possession of the area has seesawed between Iraq and
+Iran since the early days of the war," he added.
+    The Iranian push that captured the territory nearly two
+weeks ago and reported in the American press this weekend, was
+not a major offensive, Redman said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10570" NEWID="5657">
+<DATE>16-MAR-1987 15:48:34.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3503&#31;reute
+d f BC-AMCAST-INDUSTRIAL-COR   03-16 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMCAST INDUSTRIAL CORP &lt;ACST> 2ND QTR NET</TITLE>
+<DATELINE>    DAYTON, Ohio, March 16 - </DATELINE><BODY>Qtr ends March One
+    Shr profit 10 cts vs loss 2.20 cts
+    Net profit 687,000 vs loss 14.5 mln
+    Revs 68.3 mln vs 54.8 mln
+    Avg shrs 7,018,000 vs 6,577,000
+    Six mths
+    Shr profit 38 cts vs loss 1.95
+    Net profit 2,596,000 vs loss 12.8 mln
+    Revs 129.9 mln vs 113.3 mln
+    Avg shrs 6,964,000 vs 6,568,000
+    NOTE: figures for qtr and year prior include pre-tax
+restructuring charge of 22.5 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10571" NEWID="5658">
+<DATE>16-MAR-1987 15:49:15.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3509&#31;reute
+h f BC-CHICAGO-DOCK-AND-CANA   03-16 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO DOCK AND CANAL &lt;DOCKS> 3RD QTR NET</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>Period ended Jan 31
+    Shr 16 cts vs 10 cts
+    Net 901,000 vs 562,000
+    Nine mths
+    Shr 1.77 dlrs vs 19 cts
+    Net 9,886,000 vs 1,122,000
+    NOTE: Full name is Chicago Dock and Canal Trust
+    1987 nine months earnings include gain from dispositions of
+real estate of 7,666,000 dlrs, or 1.33 dlrs a share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10572" NEWID="5659">
+<DATE>16-MAR-1987 15:50:18.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3510&#31;reute
+r f BC-MCGRAW-HILL-&lt;MHP>-BUY   03-16 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCGRAW HILL &lt;MHP> BUYS HARPER/ROW &lt;HPR> UNIT</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>McGraw-Hill Inc said it bought
+&lt;Medecines et Sciences Internationales SA>, a French Healthcare
+publisher, from Harper and Row Publishers Inc.
+    The sum of the deal was not disclosed.
+    It said the French company publishes original titles by
+French authors, as well as translations of American, British
+and German Medical books. The company will be consolidated with
+McGraw-Hill France, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10573" NEWID="5660">
+<DATE>16-MAR-1987 15:50:39.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3511&#31;reute
+a f BC-INFINITE-GRAPHICS-&lt;IN   03-16 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INFINITE GRAPHICS &lt;INFG> SEES HIGHER 4TH QTR</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>Infinite Graphics Inc expects earnings
+for the fourth quarter ending April 30 to exceed the 127,587
+dlrs, or seven cts a share posted a year ago, Chairman Clifford
+F. Stritch Jr. told a meeting of financial analysts.
+    Stritch also said the company's annual revenues should
+exceed 6.0 mln dlrs, up from 4.1 mln dlrs in the previous
+fiscal year.
+    He said the company, which markets advanced computer-aided
+engineering, design and manufacturing systems, plans to double
+its dealers to 50 during the coming fiscal year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10574" NEWID="5661">
+<DATE>16-MAR-1987 15:50:48.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3512&#31;reute
+w f BC-SUBURBAN-BANCORP-&lt;SUB   03-16 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUBURBAN BANCORP &lt;SUBBA> UNIT WINS JUDGMENT</TITLE>
+<DATELINE>    PALATINE, ILL, March 16 - </DATELINE><BODY>Suburban Bancorp said a Cook
+County Circuit Court ruled in favor of one of its companies,
+Suburban Bancorp of Bartlett (formerly Bartlett State Bank) on
+claims against six former directors.
+    Suburban Bank of Barlett claimed that the former directors
+breached their fiduciary duties and were negligent in opposing
+Suburban Bancorp's tender offer in January 1985, costing
+Bartlett State Bank several hundred thousand dollars.
+    It said a hearing to determine the amount of damages owed
+to the bank was set for April 21.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10575" NEWID="5662">
+<DATE>16-MAR-1987 15:50:58.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3513&#31;reute
+s f BC-AFFILIATED-PUBLICATIO   03-16 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFFILIATED PUBLICATIONS INC &lt;AFP> SETS PAYOUT</TITLE>
+<DATELINE>    BOSTON, March 16 -
+    </DATELINE><BODY>Qtrly div eight cts vs eight cts prior
+    Pay June 1
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10576" NEWID="5663">
+<DATE>16-MAR-1987 15:51:04.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3514&#31;reute
+s f BC-FRANKLIN-RESOURCES-IN   03-16 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN RESOURCES INC &lt;BEN> QTLY DIVIDEND</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 16 -
+    </DATELINE><BODY>Shr six cts vs six cts prior qtr
+    Pay April 10
+    Record March 27
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10577" NEWID="5664">
+<DATE>16-MAR-1987 15:51:08.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3515&#31;reute
+f f BC-******TWA-FILES-APPLI   03-16 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TWA FILES APPLICATION SEEKING RIGHT TO RAISE USAIR STAKE TO 25 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10578" NEWID="5665">
+<DATE>16-MAR-1987 15:56:08.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3520&#31;reute
+u f BC-COOPER-LASER   03-16 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPERVISION HAS 6.5 PCT OF COOPER LASER &lt;ZAPS></TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>CooperVision Inc &lt;EYE> told the
+Securities and Exchange Commission it has acquired 1,420,500
+shares of Cooper LaserSonics Inc, or 6.5 pct of the total
+outstanding common stock.
+    CooperVision said it bought the stake for 2.9 mln dlrs for
+investment purposes.
+    It said it might buy additional Cooper LaserSonics common
+shares, but said it does not plan to boost its stake above 10
+pct of the total outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10579" NEWID="5666">
+<DATE>16-MAR-1987 16:00:49.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f3525&#31;reute
+u f AM-DUKAKIS   03-16 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MASSACHUSETTS GOV. DUKAKIS TO SEEK WHITE HOUSE</TITLE>
+<DATELINE>    BOSTON, March 16 - </DATELINE><BODY>Massachusetts Governor Michael Dukakis,
+a newcomer to national politics, ended weeks of speculation
+with the announcement he plans to seek the 1988 Democratic
+presidential nomination.
+    Dukakis said he had authorized the formation of a
+presidential campaign committee and would make a formal
+announcement of candidacy in Boston on May 4.
+    The 53-year-old Dukakis is serving his third term as
+governor. He was reelected with 67 per cent of the vote last
+November.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10580" NEWID="5667">
+<DATE>16-MAR-1987 16:05:15.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3534&#31;reute
+u f BC-DNA-MEDICAL-&lt;DNAM>-SI   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DNA MEDICAL &lt;DNAM> SIGNS PACT FOR STOCK SALE</TITLE>
+<DATELINE>    SALT LAKE CITY, March 16 - </DATELINE><BODY>DNA Medical Inc said Walter G.
+Mize had bought about 9,400,000 shares, or about 33 pct of
+DNA's outstanding stock, for 100,000 dlrs cash.
+    Under an agreement with Mize, DNA said he will also become
+chairman, and may, at his option, expand the board to provide
+him equal representation with the current board.
+    DNA also said it will submit a proposal at its annual
+meeting for it to acquire three companies owned by Mize,
+&lt;Heritage Lite Meat Corp>, &lt;National Lean Beef Corp> and
+&lt;Heritage Cattle &lt;Corp>. DNA said the total value of the
+transactions is 700,000 dlrs.
+    DNA said that when the transactions are approved by its
+shareholders, it will issue additional shares of its common so
+that Mize will own 80 pct of its issued and outstanding stock.
+    DNA said Mize will replace its current chairman, Donald
+Holbrook, who will remain on the board.
+    The company also said it will continue in the medical
+development business as "long as it is deemed to be
+advantageous."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10581" NEWID="5668">
+<DATE>16-MAR-1987 16:05:59.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f3536&#31;reute
+r f BC-WESTERN-DIGITAL-&lt;WDC>   03-16 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN DIGITAL &lt;WDC> TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    IRVINE, Calif., March 16 - </DATELINE><BODY>Western Digital Corp said it
+plans to call for redemption on April 6 all of its
+approximately 47 mln dlrs principal amount of 6-3/4 pct
+convertible subordinated debentures due 2011.
+    It said the debentures will be redeemable for 1,090.94
+dlrs, including accrued interest, for each 1,000 dlrs principal
+amount.
+    The debentures will be convertible into Western Digital
+common stock up until the redemption date at a conversion price
+of 17.50 dlrs per share, the company also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10582" NEWID="5669">
+<DATE>16-MAR-1987 16:06:07.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3537&#31;reute
+d f BC-&lt;canadian-roxy-petrol   03-16 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CANADIAN ROXY PETROLEUM LTD> YEAR NET</TITLE>
+<DATELINE>    Calgary, Alberta, March 16 -
+    </DATELINE><BODY>Shr profit five cts vs loss 23 cts
+    Net profit 916,000 vs loss 2,886,000
+    Revs 20.0 mln vs 28.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10583" NEWID="5670">
+<DATE>16-MAR-1987 16:07:42.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3540&#31;reute
+r f BC-CITYFED-&lt;CTYF>-TO-SEL   03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITYFED &lt;CTYF> TO SELL CONSUMER LENDING OFFICES</TITLE>
+<DATELINE>    PALM BEACH, Fla., March 16 - </DATELINE><BODY>CityFed Financial Corp said
+its City Federal Savings Bank has a preliminary agreement to
+sell 14 consumer lending offices to &lt;Goldome FSB> for
+undisclosed terms.
+    Goldome is the largest mutual savings bank in the U.S.
+    CityFed said it decided to sell its consumer lending
+offices outside its main market areas in New Jersey and Florida
+to concentrate its resources to these markets.
+    The offices being sold operate under the name of City
+Consumer Serices Inc in Arizona, Colorado, Illinois, Maryland,
+New Mexico, Oregon and Virginia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10584" NEWID="5671">
+<DATE>16-MAR-1987 16:10:37.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3543&#31;reute
+u f BC-TRANS-WORLD-AIRLINES   03-16 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANS WORLD AIRLINES &lt;TWA> FILES ON USAIR &lt;U></TITLE>
+<DATELINE>    NEW YORK, MARCH 16 - </DATELINE><BODY>Trans World Airlines said it told the
+Securities and Exchange Commission it does not intend to seek
+control of USAir Group or to acquire more of its stock at this
+time.
+    TWA also said it is amending its application with the
+Department of Transportation to seek control of USAir.
+    The amendment said TWA reserves the right to seek control
+of USAir in the future, that it intends to maintain its 15 pct
+stake, and that it also is seeking the flexibility to acquire
+up to 25 pct of USAir.
+    TWA said all USAir stock owned by it would be in a voting
+trust and voted in the same proportion as the vote of all other
+USAir shareholders.
+    TWA filed a 13-D with the Securities and Exchange
+Commission, reporting its holding of 4,023,200 shares of USAir.
+TWA has said the stake amounts to about 15 pct.
+    TWA also said that by order of the federal court in
+Pittsburgh, it is temporarily barred from buying additional
+shares of USAir pending a hearing March 23 to reconsider
+USAir's application to expand the temporary restraining order
+to a preliminary injunction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10585" NEWID="5672">
+<DATE>16-MAR-1987 16:13:19.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3549&#31;reute
+r f BC-FIRST-BANK-&lt;FBS>-AGRE   03-16 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST BANK &lt;FBS> AGREES TO SELL ANOTHER BANK</TITLE>
+<DATELINE>    MINNEAPOLIS, March 16 - </DATELINE><BODY>First Bank System Inc said it has
+found a potential buyer for First Bank Luverne and its office
+in Pipestone, Minnesota.
+    The bank holding company said 215 Holding Co, a corporation
+controlled by the family of the late Robert Short, will buy
+First Bank Luverne. The bank has 59.2 mln dlrs in assets.
+    First Bank, which announced plans in 1985 to restructure
+its banking assets by offering to sell 28 of its banks with a
+total of 45 offices, said agreements have now been signed for
+43 of these offices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10586" NEWID="5673">
+<DATE>16-MAR-1987 16:14:20.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3552&#31;reute
+r f BC-BANNER-"A"-STOCK-&lt;BNR   03-16 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANNER "A" STOCK &lt;BNR> EXCHANGED FOR "B" SHARES</TITLE>
+<DATELINE>    CLEVELAND, March 16 - </DATELINE><BODY>Banner Industries Inc said 2,204,832
+shares of its Class A common were tendered for exchange into
+Class B common in response to an offer which expired February
+27.
+    The company pointed out its Class A common is traded on the
+currently listed on any securities exchange. The company has
+over 4.6 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10587" NEWID="5674">
+<DATE>16-MAR-1987 16:14:30.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3553&#31;reute
+r f BC-BETHLEHEM   03-16 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR EYES BETHLEHEM STEEL &lt;BS> BOARD SEAT</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Joseph Harrosh, a Fremont, Calif.,
+investor with a 5.6 pct in Bethlehem Steel Corp preferred
+stock, said he intends to seek at least one of two board seats
+which may open should Bethlehem delay dividend payments.
+    In a handwritten filing with the Securities and Exchange
+Commission, Harrosh said he would seek the board seat if
+Betheleham Steel falls six quarters behind in its dividend
+payments to preferred holders.
+    A six-quarter dividend delay would open two board seats
+which would be filled by preferred holders.
+    Harrosh reported he has 139,300 shares of Bethlehem's five
+dlr cumulative convertible preferred stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10588" NEWID="5675">
+<DATE>16-MAR-1987 16:15:14.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3556&#31;reute
+h f BC-AMERICAN-INTERNATIONA   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN INTERNATIONAL PETROLEUM TO BUY ASSETS</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>American International Petroleum Corp
+&lt;AIPN> said it agreed to acquire for one mln dlrs the assets of
+a western Louisiana oil and gas company. American International
+would not identify the company.
+    American said assets included nine leases totalling 2,600
+acres, various working interests in 15 oil and gas wells on
+that property, all equipment and machinery necessary for
+operation, and a 50 pct interest in a nine-mile gas pipeline.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10589" NEWID="5676">
+<DATE>16-MAR-1987 16:15:58.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3558&#31;reute
+r f BC-DATAPOWER-&lt;DPWRC>-FEL   03-16 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATAPOWER &lt;DPWRC> FELL BELOW NASD REQUIREMENTS</TITLE>
+<DATELINE>    SANTA ANA, Calif., March 16 - </DATELINE><BODY>Datapower Inc said it failed
+to meet the NASDAQ capital and surplus requirements as of
+February 20, but it received an exemption which will allow its
+common stock to continue to be included in the automated
+quotation system, subject to certain conditions.
+    Should Nasdaq terminate quotation of its securities at some
+future date, the securities will continue to be quoted in the
+over-the-counter market, Datapower also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10590" NEWID="5677">
+<DATE>16-MAR-1987 16:16:45.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3560&#31;reute
+d f BC-THREE-D-DEPARTMENTS-I   03-16 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THREE D DEPARTMENTS INC &lt;TDD> 2ND QTR JAN 31</TITLE>
+<DATELINE>    EAST HARTFORD, Conn., March 16 -
+    </DATELINE><BODY>Shr four cts vs 15 cts
+    Net 132,851 vs 501,537
+    Revs 10 mln vs 15.5 mln
+    Six mths
+    Shr 12 cts vs 24 cts
+    Net 409,383 vs 812,045
+    Revs 19.4 mln vs 29.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10591" NEWID="5678">
+<DATE>16-MAR-1987 16:17:32.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3564&#31;reute
+d f BC-&lt;consolidated-pipe-li   03-16 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CONSOLIDATED PIPE LINES CO> YEAR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 16 -
+    </DATELINE><BODY>Shr 1.19 dlrs vs 1.38 dlrs
+    Net 1,499,234 vs 1,713,941
+    Revs 23.2 mln vs 10.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10592" NEWID="5679">
+<DATE>16-MAR-1987 16:17:58.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3566&#31;reute
+h f BC-NEWCOR-INC-&lt;NEW>-1ST   03-16 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWCOR INC &lt;NEW> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    TROY, MICH., March 16 -
+    </DATELINE><BODY>Shr profit four cts vs loss 58 cts
+    Net profit 119,000 vs loss 1,629,000
+    Sales 18.4 mln vs 17.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10593" NEWID="5680">
+<DATE>16-MAR-1987 16:18:43.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3569&#31;reute
+d f BC-SKYLINE-CORP-&lt;SKY>-3R   03-16 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SKYLINE CORP &lt;SKY> 3RD QTR FEB 28</TITLE>
+<DATELINE>    ELKHART, IND., March 16 -
+    </DATELINE><BODY>Shr 13 cts vs seven cts
+    Net 1,487,000 vs 778,000
+    Sales 64.4 mln vs 58.3 mln
+    Nine mths
+    Shr 66 cts vs 55 cts
+    Net 7,388,000 vs 6,127,000
+    Sales 223.0 mln vs 222.2 mln
+    NOTE: 1987 quarter and nine month earnings includes a gain
+on sale of idle facilities of 406,000 dlrs, or four cts a share
+    1986 nine months earnings include gain on sale of idle
+facilities of 377,000 dlrs, or three cts a share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10594" NEWID="5681">
+<DATE>16-MAR-1987 16:19:39.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3572&#31;reute
+h f BC-AMERICAN-LOCKER-&lt;ALGI   03-16 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN LOCKER &lt;ALGI> CONDUCTS TESTS</TITLE>
+<DATELINE>    JAMESTOWN, N.Y., March 16 - </DATELINE><BODY>American Locker Group Inc said
+environmental tests revealed low but unacceptable levels of two
+chemical compounds in ground water at its Signore plant near
+here.
+    The tests, conducted by Dames and Moore, an environmental
+engineering firm, followed the termination of talks for sale of
+the plant, which makes steel office furniture.
+    The company said the compounds were not used as part of its
+current operations. Testing will continue, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10595" NEWID="5682">
+<DATE>16-MAR-1987 16:19:49.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3573&#31;reute
+r f BC-TECH-DATA-CORP-&lt;TECD>   03-16 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECH DATA CORP &lt;TECD> 4TH QTR ENDS JAN 31 NET</TITLE>
+<DATELINE>    CLEARWATER, Fla, March 16 -
+    </DATELINE><BODY>Shr 24 cts vs 13 cts
+    Net 771,000 vs 314,000
+    Revs 24.1 mln vs 11.3 mln
+    Avg shrs 3,234,000 vs 2,426,000
+    12 mths
+    Shr 65 cts vs 38 cts
+    Net 1,983,000 vs 904,000
+    Revs 71.5 mln vs 37.7 mln
+    Avg shrs 3,035,000 vs 2,371,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10596" NEWID="5683">
+<DATE>16-MAR-1987 16:25:27.32</DATE>
+<TOPICS><D>crude</D><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f3586&#31;reute
+u f BC-SENATE-COMMITTEE-MAY   03-16 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE COMMITTEE MAY LOOK AT FUEL TAX PROPOSALS</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The Senate budget committee sits
+down tomorrow to start drafting a fiscal 1988 budget, with the
+budget writers expected to look at several proposals for fuel
+taxes and other tax options to cut the budget.
+    In a briefing book for the drafting sessions, a number of
+revenue raising tax options are proposed, including a five dlrs
+a barrel fee on domestic and imported oil, a fee just on
+imported oil, and a broad based tax on domestic energy
+consumption based on five pct of value.
+    Other proposals include various excise taxes and
+combinations of import surcharges or tariffs, including a 10
+pct import across the board import surcharge that would raise
+22 billion dlrs next year alone, more in later years.
+    The committee, however, will only include revenue numbers
+in its proposed budget with the actual revenue decisions left
+to the House and Senate tax-writing committees.
+     The committee will draft a budget which its chairman, Sen
+Lawton Chiles, a Florida Democrat, said he hopes would raise at
+least 18 billion dlrs in revenues, or about half the minimum 36
+billion dlr deficit reduction he has in mind.
+    The House Budget Committee also plans to start drafting a
+separate budget plan later this week, which would have to be
+reconciled with the Senate version. The final budget would be
+the fiscal 1988 spending and revenue blueprint.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10597" NEWID="5684">
+<DATE>16-MAR-1987 16:25:42.17</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f3588&#31;reute
+u f BC-BRAZIL-TRADE-SURPLUS   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL TRADE SURPLUS RISES IN FEBRUARY</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 16 - </DATELINE><BODY>The trade surplus doubled in
+february to 261 mln dlrs from January's 129 mln, but was  below
+the 628 mln of February 1986, official figures show.
+    The director of the Banco do Brasil's foreign trade
+department (CACEX), Roberto Fendt, told reporters the upturn in
+February confirmed a rising trend in exports, which totalled
+1.53 billion dlrs against 1.26 billion in January and, after
+excluding coffee and oil derivitives, was only slightly below
+the same month last year.
+    Coffee earnings were down to 110 mln dlrs against 295 mln
+in February 1986 because of lower prices, he added.
+    Fendt said that although the February results were lower
+than the average expected for the rest of the year, the
+government's target of an eight-billion-dlr surplus for 1987
+should be achieved. This would compare with a 1986 surplus of
+9.5 billion dlrs.
+    Exports this year are expected to total 22.5 billion dlrs
+and imports 14.5 billion, he added. In 1986 exports totalled
+22.4 billion dlrs and imports 12.9 billion.
+    Fendt said the rise in imports in February to 1.27 billion
+dlrs from 1.12 billion in February last year was in line with
+government plans to foster economic growth.
+    Fendt said that imports were running at levels well above
+the traditional average for Brazil.
+    In the first two months of the year imports, excluding oil
+and wheat totalled, 1.8 billion dlrs against 1.47 billion in
+the same 1986 period.
+    This rise in import demand reflected the needs of Brazilian
+industry to equip to raise production and is perfectly
+compatible with the government's program for economic growth,
+Fendt added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10598" NEWID="5685">
+<DATE>16-MAR-1987 16:25:48.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3589&#31;reute
+r f BC-FARAH-&lt;FRA>-NAMES-FIN   03-16 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARAH &lt;FRA> NAMES FINANCIAL OFFICER</TITLE>
+<DATELINE>    EL PASO, Texas, March 16 - </DATELINE><BODY>Farah Manufacturing Co said it
+named Christopher Carameros senior vice president of finance,
+effective April 1.
+    Carameros will succeed Richard Jaeger as chief financial
+officer. Jaeger, who continues as chief financial officer on a
+transitional basis, was named vice chairman responsible for
+corporate finance.
+    Carameros has been in public accounting for 12 years, most
+recently as partner at Coopers and Lybrand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10599" NEWID="5686">
+<DATE>16-MAR-1987 16:28:19.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3599&#31;reute
+u f BC-ARMTEK-&lt;ARM>-UNIT-LEV   03-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMTEK &lt;ARM> UNIT LEVERAGED BUYOUT COMPLETED</TITLE>
+<DATELINE>    GREENWICH, Conn., March 16 - </DATELINE><BODY>Condere Corp, formed by former
+managers of Armtek Corp, said it completed the acquisition of a
+tire plant and other assets of Armtek for undisclosed terms.
+    In addition to a tire manufacturing plant, Condere bought
+S. and A. Truck Tire Sales and Service Corp, which operates 51
+Sears Truck Tire Sales and Service Centers through a licensed
+agreement with Sears Roebuck and Co &lt;S>.
+    The plant will supply tires to Armtek's Armstrong Tire Co
+as well as to several Sears Centers. Condere said it expects
+first year revenues to be 90 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10600" NEWID="5687">
+<DATE>16-MAR-1987 16:29:35.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3604&#31;reute
+s f BC-HORIZON-BANCORP-&lt;HZB>   03-16 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HORIZON BANCORP &lt;HZB> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    MORRISTOWN, N.J., March 16 -
+    </DATELINE><BODY>Qtrly div 34 cts vs 34 cts prior
+    Pay May 1
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10601" NEWID="5688">
+<DATE>16-MAR-1987 16:29:44.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3605&#31;reute
+b f BC-******ASHLAND-OIL-CHA   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ASHLAND OIL CHAIRMAN SEES LOSS FROM OPERATIONS IN THE SECOND FISCAL QUARTER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10602" NEWID="5689">
+<DATE>16-MAR-1987 16:30:15.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3606&#31;reute
+r f BC-HENLEY-&lt;HENG>-TO-ISSU   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENLEY &lt;HENG> TO ISSUE SUBSIDIARY'S SHARES</TITLE>
+<DATELINE>    LA JOLLA, Calif., March 16 - </DATELINE><BODY>Henley Group Inc said it plans
+to issue 20 pct of the common stock of its Fisher Scientific
+Group Inc unit to Henley Group shareholders.
+    The company said it intends to issue one share of Fisher
+Scientific for each 16 Henley shares held to shareholders of
+record March 26. The distribution is scheduled for April six,
+the company also said.
+    It said the Fisher shares will trade in the
+over-the-counter market under the symbol FSHG.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10603" NEWID="5690">
+<DATE>16-MAR-1987 16:30:41.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3608&#31;reute
+u f BC-SCHLUMBERGER-&lt;SLB>-MA   03-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHLUMBERGER &lt;SLB> MAY HAVE ALTERNATE BUYER</TITLE>
+<AUTHOR>    By Lawrence Edelman, Reuters</AUTHOR>
+<DATELINE>    New York, March 16 - </DATELINE><BODY>Schlumberger Ltd most likely has an
+alternate buyer lined up for its Fairchild Semiconductor unit,
+Wall Street analysts said.
+    "I think its clear that in cancelling its agreement with
+Fujitsu, Schlumberger has signaled that it has another deal in
+the works," said Paul Johnson, a semiconductor analyst with
+L.F. Rothschild.
+    "There are unquestionably other buyers out there," added
+Kidder Peabody analyst Adam F. Cuhney. "A lot of companies have
+looked at Fairchild and would be willing to buy it."
+    Among the companies that would be interested in bidding for
+Fairchild are Advanced Micro Devices &lt;AMD>, Sunnyvale, Calif.,
+and LSI Logic Corp &lt;LLSI>, Milpitas, Calif., industry analysts
+said.
+    Top U.S. chipmakers like National Semiconductor Corp &lt;NSM>,
+Texas Instruments Inc &lt;TXN> and Motorola Inc &lt;MOT> might also
+seek to buy Fairchild, but could possibly run into antitrust
+problems, the analysts added.
+    Moreover, Fairchild's management is thought to be
+considering proposing a leveraged buyout of the Cupertino,
+Calif., company, analysts said.
+    In a brief statement announcing the termination of the
+agreement with Fujitsu, Schlumberger said the decision opened
+up other possibilities, including a possible buyout by
+Fairchild management.
+    The company said it ended the deal, in which Fujitsu would
+have bought 80 pct of Fairchild for an estimated 200 mln dlrs,
+because rising opposition to the deal by the Reagan
+administration made it unlikely that the sale could be
+completed within a reasonable period of time.
+    Analysts questioned this explanation, however, arguing that
+the companies did not need government approval to complete the
+transaction. Both Schlumberger and Fujitsu are foreigned-owned
+companies.
+    "Schlumberger would not have terminated the deal because
+the U.S. government didn't want it," said Johnson of L.F.
+Rothschild.
+    A spokesman for Schlumberger declined to elaborate on the
+company's news release.
+    He said only that the company was reviewing a number of
+possible alternatives for the Fairchild unit.
+    Officials at Fairchild and Fujitsu were not immediately
+available for comment.
+    Analysts noted the significance of the government's
+apparent success in preventing Fujitsu from taking control of
+Fairchild.
+    Administration officials, including Commerce Secretary
+Malcolm Baldrige and Defense Secretary Caspar Weinberger,
+feared that the sale to Fujitsu would lead to Japanese control
+of key semiconductor technology for supercomputers and military
+weapons systems.
+    "The government really stood up for the semiconductor
+industry," said Johnson of L.F. Rothschild. "That, I think, is
+the real significance of this."
+    Consequently, analysts said, the Japanese government might
+now feel more pressure to address U.S. complaints about
+Japanese chipmakers' violation of the semiconductor trade
+agreement signed last summer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10604" NEWID="5691">
+<DATE>16-MAR-1987 16:30:51.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3610&#31;reute
+d f BC-VOTRAX-INT'L-&lt;VOTX>-W   03-16 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOTRAX INT'L &lt;VOTX> WINS FORD &lt;F> UNIT CONTRACT</TITLE>
+<DATELINE>    TROY, Mich., March 16 - </DATELINE><BODY>Votrax International Inc said it
+won a contract to sell 150 telephone communications systems to
+Ford Motor Credit Co, a unit of Ford Motor Co.
+    The contract, under which Ford Motor Credit will buy 150
+Votrax Call Director Systems during the next 18 months, is a
+multi-million dlr agreement, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10605" NEWID="5692">
+<DATE>16-MAR-1987 16:31:47.95</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f3611&#31;reute
+u f BC-BRAZIL-TRADE-SURPLUS   03-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S TRADE SURPLUS DOUBLED IN FEBRUARY</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 16 - </DATELINE><BODY>Brazil's trade surplus doubled
+in February to 261 mln dlrs from January's 129 mln but was well
+below the 628 mln dlrs of February last year, official figures
+show.
+    Director of the Banco do Brasil's foreign trade department
+(CACEX), Roberto Fendt, told reporters the upturn in February
+confirmed a rising trend in exports which totalled 1.53 billion
+dlrs against 1.26 billion in January and, after excluding
+coffee and oil derivatives, was only slightly below the same
+month last year.
+    Coffee earnings were down to 110 mln dlrs against 295 mln
+in February, 1986, because of lower prices, he added.
+    Fendt said although the February results were lower than
+the average expected for the rest of the year, the government's
+target of an eight billion dlr surplus for 1987 should be
+achieved. This would compare with a 1986 surplus of 9.5 billion
+dlrs.
+    Exports this year are expected to total 22.5 billion dlrs
+and imports 14.5 billion, he added. In 1986 exports totalled
+22.4 billion dlrs and imports 12.9 billion.
+    Fendt said the rise in imports in February to 1.27 billion
+dlrs from 1.12 billion in February last year was in line with
+government plans to foster economic growth.
+    Fendt said imports were running at levels well above the
+traditional average for Brazil.
+    Imports in the first two months of the year, excluding oil
+and wheat, totalled 1.8 billion dlrs against 1.47 billion in
+the same 1986 period.
+    This rise reflected industry's need for equipment to raise
+production and is perfectly compatible with the government's
+program for economic growth, Fendt added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10606" NEWID="5693">
+<DATE>16-MAR-1987 16:32:16.68</DATE>
+<TOPICS><D>acq</D><D>nickel</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3615&#31;reute
+r f BC-PENN-CENTRAL-&lt;PC>-SEL   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENN CENTRAL &lt;PC> SELLS U.K. UNIT</TITLE>
+<DATELINE>    VALDOSTA, GA., March 16 - </DATELINE><BODY>SAFT, a unit of Cie Generale
+d'Electricite of France, said it bought U.K.-based Alcad Ltd
+from Penn Central Corp's Marathon Manufacturing Cos Inc.
+    Terms of the deal were not disclosed.
+    Alcad is one of the world's largest producers of
+pocket-plate nickel-cadmium storeage batteries, used in
+industrial and railroad applications to start engines and as
+light sources, SAFT said.
+    SAFT said it expects to add 400 jobs at the U.K.
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10607" NEWID="5694">
+<DATE>16-MAR-1987 16:34:40.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3619&#31;reute
+r f BC-&lt;SILICON-VALLEY-BANCS   03-16 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SILICON VALLEY BANCSHARES> SETS STOCK PAYOUT</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 16 - </DATELINE><BODY>Silicon Valley Bancshares
+said it declared a five pct stock dividend, payable May 1 to
+shareholders of record April 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10608" NEWID="5695">
+<DATE>16-MAR-1987 16:35:31.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3621&#31;reute
+d f BC-GENERAL-INSTRUMENT-&lt;P   03-16 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL INSTRUMENT &lt;PSE> GETS AIR FORCE AWARD</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>General Instrument Corp said its
+government systems division was awarded a 4,900,000 contract by
+the U.S. Air Force for a surveillence and targeting system
+aboard its B-52 aircraft.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10609" NEWID="5696">
+<DATE>16-MAR-1987 16:37:33.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3627&#31;reute
+r f BC-UAW-DENIES-FORD-&lt;F>-S   03-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW DENIES FORD &lt;F> SET AS TARGET</TITLE>
+<DATELINE>    DETROIT, March 16 - </DATELINE><BODY>The United Auto Workers denied a
+published report it is expected to pick Ford Motor Co to be the
+prime target in its upcoming contract talks with the auto
+industry.
+    A UAW spokesman called "premature" a press report that the
+union picked Ford over General Motors Corp &lt;GM> as the lead
+company in talks expected to begin in mid to late July.
+    Earlier, the Detroit Free Press, quoting local union
+officials, said Ford would probably be picked as the auto
+company to set the pattern for a negotiated settlement with the
+entire U.S. car industry.
+    According to the report, the fact that Ford earned more
+money last year than GM will cause the union to select Ford as
+the company with which the union will negotiate the
+pattern-setting settlement.
+    The UAW traditionally picks one of the major car companies
+in its national contract talks with the auto industry, which
+occur every three years.
+    GM was named the lead company in the last round of talks in
+1984.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10610" NEWID="5697">
+<DATE>16-MAR-1987 16:38:58.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>west-germany</D></PLACES>
+<PEOPLE><D>alfonsin</D><D>von-weizsaecker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3628&#31;reute
+u f AM-WEIZSAECKER 1STLD  03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN PRESIDENT HOLDS TALKS WITH ALFONSIN</TITLE>
+<DATELINE>    BUENOS AIRES, March 16 - </DATELINE><BODY>West German President Richard von
+Weizsaecker met Argentine President Raul Alfonsin for talks on
+the first day of the German leader's four-day visit.
+    Local officials placed great importance on the meeting
+because Weizsaecker is considered a key backer here for more
+flexible repyament terms for Argentina's 51 billion dlr foreign
+debt.
+    "I suppose (the debt) will be unavoidable" in talks, said
+Juan Carlos Pugliese, speaker of the lower house of the
+Argentine Parliament and one of Alfonsin's top political
+allies, before the meeting.
+    He said that "Germany in particular and most European
+countries" have supported more liberal repyament terms for
+Argentina's debt, Latin America's third largest.
+    An Argentine mission is now in the United States concluding
+negotiations on debt repyayment with 11 creditor banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10611" NEWID="5698">
+<DATE>16-MAR-1987 16:39:41.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>icahn</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3629&#31;reute
+f f BC-******CARL-ICAHN-SAYS   03-16 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CARL ICAHN SAYS HE IS TARGET OF SEC PROBE OF POSSIBLE EXCHANGE ACT VIOLATIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10612" NEWID="5699">
+<DATE>16-MAR-1987 16:40:13.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f3632&#31;reute
+f f BC-******U.S.-SELLS-3-MO   03-16 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLS 3-MO BILLS AT 5.58 PCT, STOP 5.59 PCT, 6-MO 5.58 PCT, STOP 5.59 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10613" NEWID="5700">
+<DATE>16-MAR-1987 16:40:45.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3633&#31;reute
+d f BC-ANHEUSER-BUSCH-&lt;BUD>   03-16 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANHEUSER-BUSCH &lt;BUD> SETS HIGHER SPENDING</TITLE>
+<DATELINE>    ST. LOUIS, March 16 - </DATELINE><BODY>Anheuser-Busch Cos Inc in its annual
+report said its capital expenditures for 1987 are expected to
+approximate 900 mln dlrs.
+    In 1986, Anheuser said it spent 777.3 mln dlrs, up from
+601.0 mln dlrs the prior year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10614" NEWID="5701">
+<DATE>16-MAR-1987 16:41:38.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3637&#31;reute
+s f BC-DI-GIORGIO-CORP-&lt;DIG>   03-16 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DI GIORGIO CORP &lt;DIG> QTLY DIVIDEND</TITLE>
+<DATELINE>    SAN FRANCISCO, March 16 -
+    </DATELINE><BODY>Shr 16 cts vs 16 cts prior qtr
+    Pay May 15
+    Record April 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10615" NEWID="5702">
+<DATE>16-MAR-1987 16:42:00.23</DATE>
+<TOPICS><D>soybean</D><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f3638&#31;reute
+u f BC-/SOYBEAN-GROUPS-MEET   03-16 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOYBEAN GROUPS MEET WITH LYNG TO DISCUSS LOAN</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>A high-level meeting last week which
+included the Secretary of Agriculture and other senior  USDA
+officials, along with leaders of the major soybean lobbying
+groups, failed to reach any decision on what should be done
+about the soybean loan level, participants at the meeting told
+Reuters.
+    "We didn't feel a lot was accomplished last week, but we
+were delighted to meet with the Secretary, and he didn't close
+the door on anything," a member of the soybean delegation said.
+    At issue is the current soybean loan and the fact that at
+the present level of 4.77 dlrs (without Gramm-Rudman
+reductions) it encourages foreign soybean production by making
+soybeans more profitable to grow than corn.
+    But while recognizing that soybeans are priced too high in
+relation with corn, soybean groups have pledged their support
+to maintaining current price supports for soybean growers.
+    Leaders of the American Soybean Association and the
+National Soybean Processors Association offered specific loan
+options to USDA Secretary Lyng in last week's meeting, but
+participants would not reveal what those options were.
+    "There were no surprises in our package," one participant
+said. Bandied about for several weeks has been the idea of
+offering producers soybean loans partially in cash and in
+certificates.
+    The most prevailing scheme would be to pay a 4.77 loan with
+77 cts worth of soybean-specific certificates which would not
+have to be paid back and the remaining four dlrs in cash.
+    This would have the effect of lowering the world price,
+maintaining domestic support levels and reducing the
+government's soybean inventory.
+    A marketing loan for soybeans was not discussed at last
+week's meeting, participants said.
+    One member of the soybean delegation said that the meeting
+was a "listening session" for USDA, and that the proposals will
+now be studied further by the Department.
+    USDA officials, however, would not commit to any time
+frame. Participants in the meeting do not look for changes in
+the soybean loan to be announced in the near future.
+    "USDA is very sensitive about saying anything that could
+influence the market, so the Secretary was very non-committal,"
+a participant said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10616" NEWID="5703">
+<DATE>16-MAR-1987 16:43:05.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>costa-rica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>unctad</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f3642&#31;reute
+d f AM-centam-unctad   03-16 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATIN NATIONS SET STRATEGY FOR UNCTAD MEETING</TITLE>
+<DATELINE>    SAN JOSE, March 16 - </DATELINE><BODY>Delegates from across Latin America
+and the Caribbean opened a five-day meeting here today aimed at
+mapping a regional strategy for this year's meeting of the
+United Nations Conference on Trade and Development (UNCTAD).
+    Representatives from 26 nations are participating in the
+talks here, which well-placed sources said would focus on Latin
+America's staggering foreign debt and efforts to pull the
+region out of its worst economic nosedive in more than half a
+century.
+    UNCTAD's annual meeting is scheduled for July in Geneva. In
+april developing countries belonging to the so-called group of
+77 will attempt to hammer out a common position for the UNCTAD
+conference at a preparatory session in Havana, Cuba.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10617" NEWID="5704">
+<DATE>16-MAR-1987 16:44:20.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3643&#31;reute
+r f BC-ROYALE-AIRLINES-&lt;RYAL   03-16 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYALE AIRLINES &lt;RYAL> REPORTS LOAD FACTOR UP</TITLE>
+<DATELINE>    SHREVEPORT, La., March 16 - </DATELINE><BODY>Royale Airlines Inc said its
+load factor for February was 42.9 pct, up from 42.6 pct the
+same period last year.
+    Royale said it recorded 4,180,000 revenue passenger miles
+compared to 5,681,000 the same period the year before.
+    Royale said it cut its available capacity 26 pct in
+response to regional weaknesses, which resulted in a slightly
+higher load factor this past month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10618" NEWID="5705">
+<DATE>16-MAR-1987 16:45:49.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3648&#31;reute
+u f BC-CONSUL-&lt;CNSL>-SEES-IM   03-16 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUL &lt;CNSL> SEES IMPROVED LIQUIDITY</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Consul Restaurant Corp chief financial
+officer Robert Lamp told analysts a previously announced
+conversion offer will reduce its debt-to-equity ratio to 55 pct
+from 380 pct, assuming full acceptance of the offer.
+    As of November 30, the company had about 26 mln dlrs of
+total debt outstanding.
+    Earlier, Consul said it would exchange 174,912 shares of
+convertible preferred stock for 17.5 mln dlrs of outstanding 13
+pct debentures.
+    Lamp said that excess debt due to its withdrawal from the
+Texas marketplace has been the key factor to blocking further
+progress.
+    The Mexican restaurant franchisee reported a net loss of
+415,493 dlrs for the six months ended November 30, 1986.
+    Acceptance of exchange offer by 90 pct of the debenture
+holders will enable Consul to decrease its outstanding
+indebtedness and report profitably beginning in the first
+quarter of 1988, Lamp told analysts.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10619" NEWID="5706">
+<DATE>16-MAR-1987 16:46:04.53</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y C
+&#22;&#22;&#1;f3649&#31;reute
+u f BC-u.s.-energy-futures   03-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HEATING OIL FUTURES UP SHARPLY IN APRIL</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>A supply shortage of number two oil in
+New York for prompt delivery boosted the April heating oil
+contract on U.S. energy futures, traders said.
+    Crude oil futures followed but gasoline futures lagged.
+April heating oil ended 1.24 cts higher to 51.65 cts a gallon,
+while April crude settled 28 cts higher at 18.64 dlrs.
+    "The rally was led by spot month heating oil contract,
+which seemed to move higher because of tigtened prompt
+deliveries in New York Harbor," said James Ritterbusch, vice
+president at Paine Webber Inc in Chicago.
+    April gasoline was 0.28 cent higher at 53.15 cts a gallon.
+    Ritterbusch said the market also found support from a
+report in the Middle East Economics Survey that said that OPEC
+oil output was down to about 14 mln barrels per day in the
+second week of March.
+    "There was not a lot of interest to sell the market because
+of belief in OPEC," said Richard Redoglia, a broker with
+Merrill Lynch Futures Inc.
+    Redoglia and Ritterbusch said April heating oil could
+continue to rally above 53 cts a gallon, while crude futures
+could test 19 dlrs a barrel before profit-taking stunts the
+move higher.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10620" NEWID="5707">
+<DATE>16-MAR-1987 16:46:21.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3651&#31;reute
+s f BC-TRANSAMERICA-INCOME-&lt;   03-16 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICA INCOME &lt;TAI> MONTHLY DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELES, March 16 -
+    </DATELINE><BODY>Shr 19 cts vs 19 cts prior period
+    Pay April 15
+    Record March 31
+    Note: Full name Transamerica Income Shares Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10621" NEWID="5708">
+<DATE>16-MAR-1987 16:48:13.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>panama</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3659&#31;reute
+u f BC-MCDERMOTT-&lt;MDR>-SAYS   03-16 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDERMOTT &lt;MDR> SAYS STAKE VIOLATES LAW</TITLE>
+<DATELINE>    NEW ORLEANS, March 16 - </DATELINE><BODY>McDermott International Inc said
+the purchase of a 5.4 pct block of its stock was an apparent
+violation of the laws of Panama, its country of incorporation.
+    The company said a detailed disclosure of an acquisition
+offer must be made to the Panamanian National Securities
+Commission or to the target's board before acquiring more than
+five pct stake.
+    It said transfers of securities in violation of these
+Panamanian regulations are invalid.
+    The company was not immediately available to say who had
+acquired the 5.4 pct block of stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10622" NEWID="5709">
+<DATE>16-MAR-1987 16:48:45.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3661&#31;reute
+d f BC-HIGH-VOLTAGE-&lt;HVE>-AD   03-16 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGH VOLTAGE &lt;HVE> ADOPTS STOCK OWNERSHIP PLAN</TITLE>
+<DATELINE>    BURLINGTON, MASS., March 16 - </DATELINE><BODY>High Voltage Engineering Corp
+said it adopted an employee stock ownership plan.
+    All domestic non-union employees who have completed one
+thousand hours of service in the 12 months ended December 31
+are eligible to participate in the plan.
+    On March 12, the plan purchased 259,186 common shares at
+14.50 dlrs per share. In connection with the purchase, the plan
+borrowed 3.8 mln dlrs under a loan that is guaranteed by High
+Voltage.
+     In addition, High Voltage contributed 814 shares to the
+plan.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10623" NEWID="5710">
+<DATE>16-MAR-1987 16:48:55.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>icahn</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3662&#31;reute
+b f BC-ICAHN   03-16 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICAHN SAYS HE IS TARGET OF SEC INVESTIGATION</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Corporate raider Carl Icahn
+acknowledged that he is one of the targets of an investigation
+by the Securities and Exchange Commission into possible
+violations of securities laws.
+    Icahn, who heads and controls Trans World Airlines Inc
+&lt;TWA>, made the acknowledgement in a filing TWA was required to
+make with the SEC disclosing its 14.8 pct stake in USAir Group.
+    The SEC issued a formal order launching the private
+investigation on Nov 12, 1986, Icahn said in the SEC filing.
+    The order empowers SEC investigators to try to find out
+whether any persons, including Icahn, violated securities laws
+and related rules, Icahn said.
+    Specifically, the probe is examining the acquisition and
+subsequent sale of more than five pct of the stock of certain
+unspecified companies, he said.
+    Federal law requires individuals or groups of individuals
+who have made shareholder agreements, to disclose stakes in
+companies of at least five pct within 10 days.
+    Icahn has acknowledged that he has been subpoenaed in
+connection with SEC probes, but this is the first time he has
+disclosed that he is among those being investigated.
+    By making the disclosure in a filing with the SEC, which is
+obviously already aware of its own probe, Icahn was also
+alerting current and potential shareholders of TWA.
+    It is not uncommon for companies which are aware that they
+or their officers are the targets of government probes to
+acknowledge the existence of the otherwise secret
+investigations to fulfill their legal disclosure requirements
+to their shareholders.
+    Icahn said the SEC is looking into whether he and others
+whom he did not name violated securities laws by acquiring and
+selling more than five pct of a company's stock.
+    SEC investigations into those kinds of possible securities
+law violations have been spawned by the agency's widening probe
+into the Wall Street insider trading scandal, according to
+published reports.
+    Making late filings of 13D forms, which disclose the amount
+of stock over five pct an investor has in a company, or making
+no filing at all could indicate a scheme to "warehouse" shares
+of stock.
+    In a warehousing scheme, a group of investors acting in
+concert would each amass stock in the company without
+disclosing that they have an agreement among them.
+    By failing to disclose that they are acting together the
+market is unware of the amount of stock of a company that is
+controlled by a group acting in concert.
+    Last year, the SEC charged members of the wealthy Belzberg
+family of Canada with taking part in a warehousing scheme while
+it was accumulating stock in Ashland Oil Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10624" NEWID="5711">
+<DATE>16-MAR-1987 16:50:52.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3666&#31;reute
+r f BC-SMITHKLINE-&lt;SKB>-AIMS   03-16 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITHKLINE &lt;SKB> AIMS FOR 10 PCT EARNINGS RAISE</TITLE>
+<DATELINE>    PHILADELPHIA, March 16 - </DATELINE><BODY>SmithKline Beckman Corp said it is
+pursuing a three-point stragey that will achieve a 10 pct
+annual increase in operating earnings throughout the remainder
+of the decade.
+    In 1986, SmithKline earned 521.1 mln dlrs or 6.78 dlrs per
+share on revenues of 3.6 billion dlrs.
+    The company said in its annual report that its
+nonpharmaceutical business will play a major role in meeting
+its earnings growth target, and will in fact grow faster than
+its pharmaceutical business.
+    SmithKline, whose major product is the antiulcer medication
+Tagamet, said in the report that it intends to improve earnings
+from existing products, expand its product portfolio and
+optimize its financial resources.
+    To bolster its position in the antiulcer market, in which
+Tagamet has met stiff competition, SmithKline said its strategy
+to develop an over-the-counter version of Tagamet is bolstered
+by two joint ventures, one with &lt;Wellcome PLC>, and one pending
+venture in Japan.
+    SmithKline also said its Allergan Inc eye and skin care
+products division can be a one billion dlr organization in the
+next five years that can grow at more than seven to 10 pct
+annually.
+    "Nondilutive acquisitions are a real possibility," Gavin
+Herbert, president of the eye and skin care product group said
+in the report. In 1986, Allergan had worldwide sales of 433 mln
+dlrs.
+    It said its Smith Kline and French Laboratories
+pharmaceuticals unit, with 1986 sales of 1.9 billion dlrs, will
+file for Food and Drug Administration marketing approval for a
+number of cardiovascular agents, including tissue plasminogen
+activator, over the next two years.
+    It also said SK and F's U.S. sales force will be 20 pct
+larger in 1987, with more than 1,000 sales personnel.
+    Smith Kline also said its small clinical laboratory testing
+unit, with 1986 sales of 373 mln dlrs, performs 24 mln tests a
+year, and sees increases in employee drug testing as well as in
+testing for the AIDS antibody.
+    Smith Kline said that depending on its share price and the
+cost of money, it may buy back more shares. In the last three
+years, it has bought back about 25 pct of its shares.
+    SmithKline begins the year with a new management team,
+including its new chief operating officer George Ebright.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10625" NEWID="5712">
+<DATE>16-MAR-1987 16:55:06.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f3678&#31;reute
+u f BC-ASHLAND-OIL-&lt;ASH>-SEE   03-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASHLAND OIL &lt;ASH> SEES 2ND QTR OPER LOSS</TITLE>
+<DATELINE>    ASHLAND, KY., March 16 - </DATELINE><BODY>Ashland Oil Inc said it expects to
+report a loss from operations in the second quarter.
+    The company also said it expects to report a 10 mln dlrs
+net gain in the quarter from excess pension funds used to pay
+down debt. "However, it is difficult to determine now whether
+this gain will be sufficient to offset the expected operating
+loss," the company said in a statement. A company spokesman
+would not elaborate.
+    The company's Ashland Petroleum Co unit operated at a loss
+in January and February since it was unable to raise product
+prices enough to recover higher crude oil costs, Ashland said.
+    Although Ashland Petroleum and SuperAmerica, a retail
+marketing operation, are having a difficult quarter, the
+company's Valvoline, Ashland Chemical and coal businesses are
+expected to report good results for the quarter ended March 31.
+    In the year-ago quarter, Ashland had income from operations
+of 93.8 mln dlrs before corporate and interest expenses, taxes,
+equity income and other items.
+    Net income in the quarter was 39.4 mln dlrs or 1.12 dlrs a
+share on sales of 1.78 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10626" NEWID="5713">
+<DATE>16-MAR-1987 16:55:40.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3680&#31;reute
+u f BC-AMERITRUST-&lt;AMTR>-SEL   03-16 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERITRUST &lt;AMTR> SELLS TWO MLN SHARES</TITLE>
+<DATELINE>    CLEVELAND, March 16 - </DATELINE><BODY>Ameritrust Corp said it sold two mln
+shares of its common stock to an investment group named
+Clevebaco Ltd Partnership.
+    The partnership is controlled by Alfred Lerner, and a
+subsidiary of the Progressive Corp &lt;PROG> is the limited
+partner, according to the company.
+    Ameritrust said it was advised that the Clevebaco group has
+filed an application with bank regulatory authorities seeking
+permission to acquire up to an additional three mln shares of
+Ameritrust common stock.
+    The company said the group indicated to it that it had no
+hostile takeover intent toward Ameritrust, and that the
+purchase was for investment purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10627" NEWID="5714">
+<DATE>16-MAR-1987 16:58:18.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3690&#31;reute
+r f BC-vulcan-packaging   03-16 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VULCAN PACKAGING &lt;VIPLF> SETS ISSUER BID</TITLE>
+<DATELINE>    TORONTO, March 16 - </DATELINE><BODY>Vulcan Packaging Inc said it received
+regulatory approval for a normal course issuer bid, allowing
+the company to acquire for cancellation up to five pct of
+outstanding common shares on the Toronto Stock Exchange between
+April 24, 1987 and April 23, 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10628" NEWID="5715">
+<DATE>16-MAR-1987 16:58:33.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f3691&#31;reute
+f f BC-******BANKAMERICA-CHA   03-16 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANKAMERICA CHAIRMAN SAYS BANK IS TURNING AROUND, HEADING TO PROFITABILITY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10629" NEWID="5716">
+<DATE>16-MAR-1987 16:59:02.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3694&#31;reute
+d f BC-general-leaseholdsltd   03-16 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GENERAL LEASEHOLDS LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 16 -
+    </DATELINE><BODY>Shr 30 cts vs 53 cts
+    Net 868,000 vs 728,000
+    Revs 7,300,000 vs 6,500,000
+    Avg shrs 3,000,000 vs 750,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10630" NEWID="5717">
+<DATE>16-MAR-1987 17:00:20.67</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f3698&#31;reute
+u f AM-JOPLING   03-16 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH FARM MINISTER ATTACKS SUBSIDIES</TITLE>
+<DATELINE>    INDIANAPOLIS, March 16 - </DATELINE><BODY>Farm subsidies and protectionist
+moves threaten healthy trade on both sides of the Atlantic,
+Michael Jopling, British minister of Agriculture, Fisheries and
+Food, warned.
+    "It would not be sensible to provoke another dispute between
+Europe and the United States," Jopling said in remarks prepared
+for an evening speech.
+    "But some things are clear and they apply on both sides of
+the Atlantic. We cannot continue to pile up stocks while world
+demand shrinks," he said.
+    "Governments must not operate farm policies as if they were
+purely domestic affairs with no impact on others. They also
+have to recognize that they cannot in the long run develop a
+healthy and stable farm sector on the basis of protectionism
+and excessive subisdies.
+    "And above all, Europe and the United States have too many
+common interests to make it worthwhile to engage in trade wars
+and competitive export subsidies which end by benefitting no
+one." He added, "It is crucial that the United States and the
+European Community remain friends."
+    Jopling, who is a member of the EC agriculture committee,
+was in Indiana to visit several farms prior to talks with U.S.
+officials in Washington later this week.
+    Jopling also criticized a recent proposal still under
+consideration by the EC for a tax on vegetable and fish oils.
+    He said his government would oppose such a move because "We
+do not think it is correct that a shortage of funds to support
+(EC) farmers should be alleviated by raising money at the
+consumer's expense."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10631" NEWID="5718">
+<DATE>16-MAR-1987 17:00:45.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3699&#31;reute
+r f BC-NEW-ENGLAND-POWER-TO   03-16 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ENGLAND POWER TO REDEEM PREFERRED SHARES</TITLE>
+<DATELINE>    WESTBOROUGH, Mass, March 16 - </DATELINE><BODY>New England Power Co said it
+will redeem all 250,000 shares of its Preferred Stock
+cumulative, 100 dlr par value, 13.48 pct series in two stages.
+    First on July 1, it will redeem 225,000 shares at 110.86
+dlrs per share.
+    Then, on September 1, it will redeem the remaining 25,000
+shares pursuant to the sinking fund provisions at 100.75 dlrs
+plus accrued and unpaid dividends of 2.25 dlrs per share, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10632" NEWID="5719">
+<DATE>16-MAR-1987 17:09:49.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f3726&#31;reute
+u f BC-BANKAMERICA-&lt;BAC>-CHA   03-16 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> CHAIR SAYS BANK TURNING AROUND</TITLE>
+<DATELINE>    SAN FRANCISCO, March 16 - </DATELINE><BODY>BankAmerica Corp Chairman A.W.
+Clausen said the bank holding company is turning around and is
+back on the road to profitability.
+    In a speech to the San Francisco Chamber of Commerce,
+Clausen said he was "absolutely convinced" BankAmerica would
+return to its position of preeminence.
+    "Fundamental to achieving that goal is to continue to
+reduce costs dramatically, to get our arms around our loan loss
+problems and begin to reduce charge-offs, and to enhance our
+revenue generation," Clausen said.
+    Clausen said he doubts BankAmerica would be in a position
+this year to make any acquisitions or experience any growth.
+    He said BankAmerica will continue to reduce staff and
+operations, noting that expense growth in 1986 increased only
+one pct over 1985 expenses.
+    Clausen also said it will continue to phase out its
+overseas retail banking and concentrate on wholesale banking,
+with emphasis on a premium list of multinational corporations.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10633" NEWID="5720">
+<DATE>16-MAR-1987 17:11:36.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3730&#31;reute
+s f BC-ROCHESTER-TELEPHONE-C   03-16 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCHESTER TELEPHONE CORP &lt;RTC> SETS DIVIDEND</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 16 -
+    </DATELINE><BODY>Qtly div 66 cts vs 66 cts
+    Pay May one
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10634" NEWID="5721">
+<DATE>16-MAR-1987 17:11:39.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3731&#31;reute
+s f BC-AUGAT-INC-&lt;AUG>-SETS   03-16 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUGAT INC &lt;AUG> SETS QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    MANSFIELD, Mass., March 16 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts
+    Pay April 30
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10635" NEWID="5722">
+<DATE>16-MAR-1987 17:12:36.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3734&#31;reute
+s f BC-PHH-GROUP-&lt;PHH>-REGUL   03-16 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHH GROUP &lt;PHH> REGULAR QTLY DIVIDEND</TITLE>
+<DATELINE>    HUNT VALLEY, Md., March 16 -
+    </DATELINE><BODY>Qtly div 26 cts vs 26 cts prior
+    Pay April 30
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10636" NEWID="5723">
+<DATE>16-MAR-1987 17:14:44.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3739&#31;reute
+d f BC-TELCO-SYSTEMS-INC-&lt;TE   03-16 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELCO SYSTEMS INC &lt;TELC> 2ND QTR MARCH ONE LOSS</TITLE>
+<DATELINE>    NORWOOD, Mass., March 16 -
+    </DATELINE><BODY>Shr loss nine cts vs profit 14 cts
+    Net loss 773,000 vs profit 1,618,000
+    Revs 16.3 mln vs 26.7 mln
+    Six mths
+    Shr loss 56 cts vs profit 27 cts
+    Net loss 4,763,000 vs profit 3,398,000
+    Revs 29.3 mln vs 49.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10637" NEWID="5724">
+<DATE>16-MAR-1987 17:18:05.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3744&#31;reute
+u f BC-U.S.-DECLINES-COMMENT   03-16 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DECLINES COMMENT ON SCHLUMBERGER&lt;SLB> MOVE</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>A U.S. Commerce Department spokesman
+said the agency would have no comment on Schlumberger Ltd's
+announcement that it had terminated an agreement in principle
+to sell its Fairchild Semiconductor Corp unit to Fujitsu Ltd.
+    Sclumberger had said that controversy surrounding the
+venture made it unlikely the sale could be completed any time
+soon. The sale was opposed by Commerce and the U.S. Defense
+Department, in part on national security grounds.
+    Commerce chief spokesman B.J. Cooper said the department
+had had no contact with Schlumberger about the deal.
+    A Defense Department spokesman said the agency was unaware
+of Schlumberger's announcement and would have no immediate
+reaction.
+    Officials last week told Reuters that Commerce Secretary
+Malcolm Baldrige and Defense Secretary Caspar Weinberger had
+joined forces to fight the planned sale because it could have
+left the U.S. military overly dependent on foreign sources for
+vital equipment used in high-technology weapons.
+    Administration opposition to the deal also stemmed from
+ongoing trade tensions between the United States and Japan,
+officials said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10638" NEWID="5725">
+<DATE>16-MAR-1987 17:18:23.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3745&#31;reute
+h f BC-PRECISION-TARGET-MARK   03-16 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRECISION TARGET MARKETING INC &lt;PTMI> 3RD QTR</TITLE>
+<DATELINE>    NEW HYDE PARK, N.Y., March 16 -
+    </DATELINE><BODY>Shr profit one cts vs loss two cts
+    Net 74,000 vs loss 122,000
+    Revs 1.7 mln dlrs vs 1.4 mln
+    Nine months
+    Shr profit five cts vs loss 10 cts
+    Net profit 299,000 vs loss 624,000
+    Revs 5.1 mln vs 3.7 mln
+    NOTE:3rd qtr ended January 31. 1987 3rd qtr and nine months
+includes 36,000 dlrs and 129,000 dlrs gains respectively from
+tax loss carryforward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10639" NEWID="5726">
+<DATE>16-MAR-1987 17:20:53.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3752&#31;reute
+u f BC-CONRAIL   03-16 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONRAIL PUBLIC OFFERING TO BE LARGEST IN U.S.</TITLE>
+<DATELINE>    New York, March 16 - </DATELINE><BODY>In what may easily be the largest
+initial public offering in U.S. history, Consolidated Rail Corp
+estimated that the sale of its 59 mln government-owned shares
+could earn the freight railroad as much as 1.7 billion dlrs.
+    In an amended registration statement filed with the
+Securities and Exchange Commission, Conrail said its public
+offering could come as early as next week and estimated its
+shares will sell for between 26 and 29 dlrs each, slightly
+higher than Conrail's initial prospectus had anticipated.
+    A sale in this price range would net between 1.53 billion
+dlrs and 1.7 billion dlrs for Conrail's 58.8 mln shares, with
+52 million sold in North American and the remainder for sale in
+an international offering.
+    The previous largest initial U.S. public offering occurred
+last May when the Henley Group Inc., a diverse collection of 38
+companies spun off by Allied-Signal Corp, raised 1.19 billion
+dlrs.
+    In its initial prospecus filed with the SEC, Conrail had
+estimated its government-owned shares would fetch only 22 to 26
+dlrs a share, or a maximum of 1.52 billion dlrs.
+    "We cannot comment on any question," said a spokesman for
+Goldman Sachs and Co., one of the co-managers of the selling
+syndicate. "The SEC is being extremely cautious," he said.
+   Conrail was created by the government in the mid-1970s from
+the bankrupt Penn Central Railroad and six other bankrupt or
+failing Northeast railroads. After several years of large
+losses, the railroad company turned its first profit in 1981.
+    Last year Conrail earned 431 mln dlrs on revenues of 3.14
+billion dlrs, down slightly from its 1985 profit of 442 mln
+dlrs on revenues of 3.21 billion dlrs.
+    Conrail operated its last passenger service in 1982.
+    Legislation passed by Congress last year calling for the
+public sale of Conrail set two billion dlrs as a target to be
+raised.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10640" NEWID="5727">
+<DATE>16-MAR-1987 17:21:11.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3754&#31;reute
+r f BC-ROYAL-BANK/CANADA-BRA   03-16 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL BANK/CANADA BRAZIL UNIT SEES GROWTH</TITLE>
+<DATELINE>    MONTREAL, March 16 - </DATELINE><BODY>Royal Bank of Canada's &lt;RY> small
+Brazilian commercial bank subsidiary Banco Royal do Canada
+(Brasil) S.A. sees opportunities for its own growth with an
+expected substantial increase in Brazilian exports to Canada,
+Banco Royal president Michael Brennan said.
+    "They (Brazilian exporters) are very interested in the
+Canadian market because it's an untapped market," Brennan told
+reporters after a speech to the Brazil/Canada Chamber of
+Commerce.
+    Brennan said Brazil is currently exporting products like
+paper machinery and ships to Canada.
+    He said he hopes to see medium-term financing facilities
+for Brazilian companies reinstated shortly, following an
+agreement reached in January with international financial
+authorities.
+    Brennan estimated Brazilian exports to Canada totalled
+roughly 800 mln Canadian dlrs in 1985 while imports from Canada
+reached about 700 mln dlrs.
+    Brennan said he expects Banco Royal profit to increase this
+year from the three mln U.S. dlrs reported for fiscal 1986
+ended September 30 but said he could not predict by how much
+because of the country's uncertain financial climate.
+    Brennan said he expects his bank's growth to come from
+increased exports to Canada. Banco Royal is the only
+Canadian-owned commercial bank in Brazil although &lt;Bank of
+Montreal> has a Brazilian investment bank subsidiary, he said.
+    Brennan said he expected Brazil to be able to reach an
+equitable agreement with foreign banks on restructuring its 68
+billion U.S. dlr foreign debt, because the Brazilian economy is
+essentially healthy. He said he believed Brazil might be in a
+position to resume debt repayments within a year.
+    Brennan said he could not comment on the impact of Brazil's
+interest payment moratorium on the Royal Bank of Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10641" NEWID="5728">
+<DATE>16-MAR-1987 17:24:11.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3761&#31;reute
+u f BC-WANG-(WANB)-SEES-GROW   03-16 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WANG (WANB) SEES GROWTH IN OFFICE AUTOMATION</TITLE>
+<DATELINE>     DALLAS, March 16 - </DATELINE><BODY>Wang Laboratories Inc expects the
+office automation industry to grow at 10 to 15 pct a year over
+the next two years, according to Chairman An Wang.
+     However, Wang, who was in Dallas to open the company's new
+showroom, would not predict what the company would earn in its
+third fiscal quarter which ends March 31. Wang earned 21 cts a
+share, or 21.4 mln dlrs, in the same quarter last year.
+     The company has said it expects to break even in the
+quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10642" NEWID="5729">
+<DATE>16-MAR-1987 17:25:44.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3765&#31;reute
+s f BC-AFFILIATED-PUBLICATIO   03-16 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFFILIATED PUBLICATIONS INC &lt;AFP> SETS DIVIDEND</TITLE>
+<DATELINE>    BOSTON, March 16 -
+    </DATELINE><BODY>Qtly div eight cts vs eight cts
+    Pay June one
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10643" NEWID="5730">
+<DATE>16-MAR-1987 17:27:26.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f3766&#31;reute
+u f BC-BANKAMERICA-&lt;BAC>-SAY   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> SAYS IT WILL MAKE DEBT OFFER</TITLE>
+<DATELINE>    SAN FRANCISCO, March 16 - </DATELINE><BODY>BankAmerica Corp Chairman A.W.
+Clausen said the bank holding company plans to go foward with
+its one-billion-dlr debt offering, but declined to specify
+when.
+    Speaking to the San Francisco Chamber of Commerce, Clausen
+said that during the coming months, "at the appropriate time,
+we will be placing or underwriting for equities."
+    "We do need to improve our capital. We are in registration.
+For the moment, we filed a one-billion-dlr shelf registration
+for approval by the SEC, which we believe will be
+approved very shortly," he said.
+    On January 26, BankAmerica filed a shelf offering for up to
+one billion dlrs of preferred stock and subordinated capital
+notes.
+    The offering was seen by the banking industry as one of the
+major deterrents to First Interstate Bancorp's &lt;I> take over
+bid, which it withdrew on February 9.
+    Since then, banking analysts have speculated BankAmerica
+may do well to defer action on the offering, while it continues
+to attempt to improve its financial situation.
+    Clausen said despite improvement in the past quarter,
+BankAmerica must do more to improve its capital ratios.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10644" NEWID="5731">
+<DATE>16-MAR-1987 17:30:17.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3772&#31;reute
+d f BC-ASTRO-MED-INC-&lt;ALOT>   03-16 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASTRO-MED INC &lt;ALOT> 4TH QTR NET</TITLE>
+<DATELINE>    WEST WARWICK, R.I., March 16 -
+    </DATELINE><BODY>Shr 10 cts vs nine cts
+    Net 217,000 vs 192,000
+    Revs 3,325,000 vs 2,506,000
+    Year
+    Shr 31 cts vs 43 cts
+    Net 660,000 vs 932,000
+    Revs 12.2 mln vs 10.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10645" NEWID="5732">
+<DATE>16-MAR-1987 17:33:58.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3781&#31;reute
+d f BC-CENTRAL-PENNSYLVANIA   03-16 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL PENNSYLVANIA &lt;CPSA> BUYS STAKE IN FIRM</TITLE>
+<DATELINE>    SHAMOKIN, PENN., March 16 - </DATELINE><BODY>Central Pennsylvania Savings
+Association said it made a 30 pct investment in &lt;Pinnacle
+Mortgage Investment Co>.
+    Terms were not disclosed.
+    Pinnacle, incorporated in 1985, generates about 60 mln dlrs
+in closed mortgage loans annually.
+    Central Pennsylvania also said its directors recently
+approved a letter of intent to acquire Hamilton-Reliance
+Savings Association of Norristown, Pa.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10646" NEWID="5733">
+<DATE>16-MAR-1987 17:35:12.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f3783&#31;reute
+u f BC-BANKAMERICA-&lt;BAC>-CHI   03-16 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> CHIEF SEES BRAZIL SOLUTION</TITLE>
+<DATELINE>    San Francisco, March 16 - </DATELINE><BODY>BankAmerica Corp chairman A.W.
+Clausen said he believes Brazil will successfully restructure
+its foreign debt sometime this year, but in the meantime that
+country's creditors could suffer somwehat over the short term.
+    He also said Brazil's decision to suspend foreign debt
+payments is most likely a move aimed at strengthening its
+negotiating position.
+    "I believe it was a posturing move on the part of the
+country," Clausen said.
+    Clausen made his comments during an address at a Chamber of
+Commerce luncheon here.
+    Last month Brazil, which has about 110 billion dlrs of
+foreign debt, suspended payment on some 68 billion dlrs owned
+to private banks while it worked out its economic problems.
+    BankAmerica has some 2.74 billion dlrs in loans outstanding
+to Brazil.
+    Clausen also said he did not think any financial
+institutions would be "done in" by Brazil's suspension of debt
+payments and he added "I do not believe the International
+Monetary Fund will come to a roaring halt."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10647" NEWID="5734">
+<DATE>16-MAR-1987 17:35:22.01</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f3784&#31;reute
+d f BC-N.Z.-PORTS-REOPEN,-BU   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. PORTS REOPEN, BUT FURTHER CLOSURES POSSIBLE</TITLE>
+<DATELINE>    WELLINGTON, March 17 - </DATELINE><BODY>Harbour workers returned to work
+this morning after a strike in support of pay claims closed New
+Zealand's 15 ports for 24 hours yesterday.
+    But the Harbour Workers Union told reporters the pay
+dispute is not settled and the union's national executive will
+meet here tomorrow to decide its next moves.
+    "Obviously we will be considering further industrial action,"
+Union secretary Ross Wilson said in a radio interview.
+    The union rejects employers offers of a 7.5 pct pay rise
+over 15 months. It wants 7.0 pct over 12 months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10648" NEWID="5735">
+<DATE>16-MAR-1987 17:38:46.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3790&#31;reute
+r f BC-ZIMMER-&lt;ZIM>-BOOSTS-C   03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIMMER &lt;ZIM> BOOSTS CREDIT LINE BY 4.3 MLN DLRS</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 16 - </DATELINE><BODY>Zimmer Corp said it reached an
+agreement with its banks to boost its credit line by 4.3 mln
+dlrs.
+    It currently has 7,660,000 dlrs in outstanding debt.
+    Under the terms of the accord, the banks will receive a
+security interest of nearly all the company's assets, excluding
+inventory. The pact also calls for repayment of the debt over
+12 months and the application of cash proceeds from the sale of
+its Black Fin Yacht Corp unit.
+    It said the credit agreement and sale of Black Fin is
+expected to relieve its liquidity problems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10649" NEWID="5736">
+<DATE>16-MAR-1987 17:47:00.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3808&#31;reute
+h f BC-EXPLOSIVE-FABRICATORS   03-16 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPLOSIVE FABRICATORS &lt;BOOM> MAKES NASDAQ LIST</TITLE>
+<DATELINE>    LOUISVILLE, Colo. - March 16 - </DATELINE><BODY>Explosive Fabricators Inc
+said its common stock began trading on NASDAQ over-the-counter
+market March 16 with the quotation symbol BOOM.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10650" NEWID="5737">
+<DATE>16-MAR-1987 17:49:45.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3811&#31;reute
+r f BC-ATCOR-&lt;ATCO>-SAYS-OUT   03-16 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATCOR &lt;ATCO> SAYS OUTLOOK DEPENDS ON STEEL</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>Atcor Inc said the magnitude of any
+earnings recovery in fiscal 1987 depends on the direction of
+steel pricing and how fast the company's severe operating
+problems in its consumer segment are resolved.
+    Atcor's consumer segment represents about 25 pct of its
+sales. In a letter to shareholders the company said that that
+part of its business continues to be unprofitable.
+    Atcor said it does not expect performance improvements in
+the first quarter to be sustained throughout the year due to
+increasing raw material costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10651" NEWID="5738">
+<DATE>16-MAR-1987 17:53:51.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3816&#31;reute
+r f BC-ZZZZ-BEST-CO-INC-&lt;ZBS   03-16 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZZZZ BEST CO INC &lt;ZBST> 3RD QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 16 -
+    </DATELINE><BODY>Shr 14 cts vs four cts
+    Net 1,474,000 vs 286,000
+    Revs 15.5 mln vs 1.4 mln
+    Avg shrs 10.6 mln vs 7.5 mln
+    Nine mths
+    Shr 38 cts vs eight cts
+    Net 3,387,000 vs 588,000
+    Revs 33.4 mln vs 2.9 mln
+    Avg shrs 8.8 mln vs 7.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10652" NEWID="5739">
+<DATE>16-MAR-1987 18:02:34.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3821&#31;reute
+u f BC-PACIFIC-LIGHTING-&lt;PLT   03-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC LIGHTING &lt;PLT> CONSIDERS UNIT SALE</TITLE>
+<DATELINE>    LOS ANGELES, March 16 - </DATELINE><BODY>Pacific Lighting Corp said it is
+considering the sale of its land development line of business
+and will be initiating discussions with potential buyers.
+    The book value of the company's investment in land
+development operations is 224 mln dlrs. The Pacific Lighting
+Real Estate Group earned 24.2 mln dlrs and employed 800 people
+during 1986, the company said.
+    Alternatives to the sale being considered include a master
+limited partnership and an initial public offering of the
+equity in the land development companies, it said.
+    Proceeds from the sale would likely be invested in Pacific
+Lightings' new specialty retailing line of business and its oil
+and gas operations, the company said.
+    The investment banking firm Morgan Stanley has been
+retained to advise Pacific Lighting on the disposition of the
+land development operations.
+    Completion of a transaction, it one is made, is expected by
+the end of the year, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10653" NEWID="5740">
+<DATE>16-MAR-1987 18:04:51.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3824&#31;reute
+d f BC-MLX-&lt;MLXX>-UNIT-AGREE   03-16 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MLX &lt;MLXX> UNIT AGREES TO BY ABEX UNIT</TITLE>
+<DATELINE>    TROY, Mich, March 16 - </DATELINE><BODY>MLX Corp said a subsidiary has
+tentatively agreed to acquire a sintered friction materials
+business in Milan, Italy, from a unit of Abex Corp for
+undisclosed terms.
+    The deal will close after obtaining Italian government
+approvals, expected in late April.
+    The business, which will operated under the name S.K.
+Wellman, will become a member of MLX's specialty friction
+materials group. The business is a manufacturer of high-energy
+friction materials for heavy-duty transmissions and clutches.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10654" NEWID="5741">
+<DATE>16-MAR-1987 18:05:46.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3826&#31;reute
+h f BC-MODULINE-INTERNATIONA   03-16 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MODULINE INTERNATIONAL &lt;MDLN> 3RD QTR OPER LOSS</TITLE>
+<DATELINE>    LACEY, Wash., March 16 - </DATELINE><BODY>Qtr ended Dec 31
+    Oper shr loss two cts vs loss 92 cts
+    Oper net loss 28,045 vs loss 1,040,700
+    Sales 4,943,584 vs 5,613,400
+    Nine mths
+    Oper shr profit 11 cts vs loss 93 cts
+    Oper net profit 124,434, vs loss 1,054,000
+    Sales 22.6 mln vs 26.3 mln
+    (Mouduline International Inc)
+    Note: oper data does not include 1986 gains from tax
+benefit carryforwards of 30,000 dlrs, or three cts per shr, in
+qtr and 110,000 dlrs, or ten cts per shr, in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10655" NEWID="5742">
+<DATE>16-MAR-1987 18:06:01.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f3827&#31;reute
+d f BC-&lt;FINANCIAL-TRUSTCO-CA   03-16 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FINANCIAL TRUSTCO CAPITAL LTD> HIKES PAYOUT</TITLE>
+<DATELINE>    CALGARY, Alberta, March 16 -
+    </DATELINE><BODY>Qtly div 12.5 cts vs six cts
+    Pay March 31
+    Record March 24
+    Note: Co also declares 12.5 ct qtly div on special shares
+issued in December, 1986, with same pay and record dates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10656" NEWID="5743">
+<DATE>16-MAR-1987 18:06:54.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3828&#31;reute
+h f BC-USP-REAL-ESTATE-&lt;USPT   03-16 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USP REAL ESTATE &lt;USPTS> HAS GAIN ON SALE</TITLE>
+<DATELINE>    CEDAR RAPIDS, Iowa, March 16 - </DATELINE><BODY>USP Real Estate Investment
+Trust said it will post a first-quarter gain of 2,258,216 dlrs
+on the sale of the Spanish Villa Apartments in Savannah, Ga.,
+which was completed last week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10657" NEWID="5744">
+<DATE>16-MAR-1987 18:11:42.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3840&#31;reute
+r f BC-BINDLEY-WESTERN-INDUS   03-16 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BINDLEY WESTERN INDUSTRIES INC&lt;BIND>4TH QTR NET</TITLE>
+<DATELINE>    INDIANAPOLIS, Ind., March 16 - 
+    </DATELINE><BODY>Oper shr primary 28 cts vs 17 cts
+    Oper shr diluted 24 cts vs 17 cts
+    Oper net 1,826,000 vs 1,104,000
+    Revs 205.4 mln vs 171.1 mln
+    Avg shrs primary 6,512,462 vs 6,510,462
+    Avg shrs diluted 10.3 mln vs 10.3 mln
+    Year
+    Oper shr primary 83 cts vs 76 cts
+    Oper shr diluted 77 cts vs 74 cts
+    Oper net 5,393,000 vs 4,955,000
+    Revs 719.9 mln vs 633.5 mln
+    Avg shrs primary 6,511,591 vs 6,508,379
+    Avg shrs diluted 10.3 mln vs 9,122,722
+    Note: Revs includes investment income 2,323,000 dlrs vs
+2,239 dlrs for qtr and 10.1 mln dlrs vs 6,612,000 dlrs for 12
+mths. 1986 revs also include unrealized loss on equity
+securities of 59,000 dlrs for qtr and 1,155,000 dlrs for 12
+mths.
+    Oper net excludes extraordinary gain of 875,000 dlrs vs
+284,000 dlrs for qtr and 1,053,000 dlrs vs 462,000 dlrs for 12
+mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10658" NEWID="5745">
+<DATE>16-MAR-1987 18:15:53.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3848&#31;reute
+d f BC-TECHNICLONE-INTERNATI   03-16 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNICLONE INTERNATIONAL SETS JOINT VENTURE</TITLE>
+<DATELINE>    SANTA ANA, Calif., March 16 - </DATELINE><BODY>&lt;Techniclone International>
+said it has entered a joint venture with Seeds of Tomorrow to
+apply its electrogene process to developing new or improved
+plant varieties.
+    The process, which has a patent pending, was developed
+originally for use in human cancer.
+    The joint venture will address genetic transformation of
+cotton and tomatoes.
+    The company said it is also negotiating such ventures with
+several other plant companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10659" NEWID="5746">
+<DATE>16-MAR-1987 18:16:51.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3852&#31;reute
+r f BC-CENTEL-&lt;CNT>-SEES-LOW   03-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTEL &lt;CNT> SEES LOWER FIRST QTR PROFITS</TITLE>
+<DATELINE>    CHICAGO, March 16 - </DATELINE><BODY>Centel Corp said it sees 1987 first
+quarter results below those of 1986 due to regulatory limits on
+telephone earnings and 15 cts to 20 cts a share dilution from
+1986 acquisitions.
+    In the annual report, Chairman Robert Reuss told
+shareholders telephone profits will continued to be limited by
+ceilings imposed by regulators as well as deregulation and
+structural changes within the industry that have slowed growth
+in the investment base for setting rates.
+    As such, its first quarter 1987 results will be below last
+year's first quarter of 1.11 dlrs a share, he said.
+    "Several of the company's telephone units may be faced with
+a reduction in the rates of return authorized by their
+regulators," Reuss said. "This could result in some rate
+reductions and refunds to customers."
+    Reuss said he is encouraged by the prospects for progress
+in Centel's business communications, cable television and
+cellular telephone units.
+    Centel is asking shareholders at the annual meeting to
+approve the tripling  to 120 mln in authorized shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10660" NEWID="5747">
+<DATE>16-MAR-1987 18:19:54.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f3854&#31;reute
+r f BC-FNMA-&lt;FNM>-WILL-NOT-B   03-16 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FNMA &lt;FNM> WILL NOT BUY HOME-EQUITY LOANS</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The Federal National Mortgage
+Association said it will not purchase home-equity loans as part
+of its mortgage-purchase and swap activities in the secondary
+market.
+    "We don't believe that our provision of liquidity is needed
+in this segment of the market," David Maxwell, Fannie Mae's
+chairman, said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10661" NEWID="5748">
+<DATE>16-MAR-1987 18:20:57.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f3855&#31;reute
+r f BC-MORGAN-STANLEY-&lt;MS>-I   03-16 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN STANLEY &lt;MS> ISSUES MORTGAGE BONDS</TITLE>
+<DATELINE>    NEW YORK, March 16 - </DATELINE><BODY>Morgan Stanley Mortgage Trust, a unit
+of the Morgan Stanley Group, is offering 313.87 mln dlrs of
+collateralized mortgage obligations (CMOs) in seven classes.
+    These consist of 79 mln dlrs of adjustable rate class J-1
+bonds to be fully paid by November 20, 2013 priced at 99.80 pct
+to yield 7.49 pct. The notes will bear an interest rate of
+seven pct for one year from April 20, 1987, rising to 7.50 pct
+until April 1989 and an eight pct rate thereafter.
+    Morgan also will offer 89.60 mln dlrs of floating rate,
+class J-2 bonds to be fully paid by 2013, priced at par to
+yield three-month Libor plus 0.45 pct. There is an 11 pct cap.
+    Also among the issues are 24.417 mln dlrs of class J-three
+bonds to be fully paid by May 2015 and priced at par to yield
+8.26 pct and 11.491 mln dlrs of floating rate class J-four
+bonds to be fully paid by the same date and priced at par to
+yield three-month Libor plus 0.50 pct. The cap is 12 pct.
+    The class J-five bonds totalling 49.987 mln dlrs will be
+fully paid by August 2017 and priced at par to yield 8.57 pct.
+The 17.25 mln dlrs of floating rate class J-six bonds of the
+same maturity are priced at par at a rate of three-month Libor
+plus 0.65 pct with a 13 pct cap.
+    The 42.125 mln dlrs of 8.75 pct class J-seven bonds due
+August 2018 are priced at 99.25 pct to yield 8.85 pct.
+    Interest on all classes of bonds will be payable quarterly.
+    Morgan Stanley is sole manager of the offering which will
+be rated AAA by Standard and Poor's Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10662" NEWID="5749">
+<DATE>16-MAR-1987 18:21:02.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3856&#31;reute
+r f BC-WINGS-WEST-AIRLINES-&lt;   03-16 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINGS WEST AIRLINES &lt;WING> 3RD QTR NET</TITLE>
+<DATELINE>    SAN LUIS OBISPO, Calif., March 16 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr one ct vs nine cts
+    Net 29,000 vs 349,000
+    Revs 7,892,000 vs 4,721,000
+    Note: nine mth data unavailable
+    .
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10663" NEWID="5750">
+<DATE>16-MAR-1987 18:21:11.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3857&#31;reute
+u f BC-USAIR   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> SEES BENEFITS IN USAIR &lt;U> MERGER</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Trans World Airlines Inc, which
+disclosed that it does not intend to seek control of USAir
+Group at this time, said it still believes a combination of the
+two airlines would have benefits to both.
+    In a filing with the Securities and Exchange Commission,
+TWA, which is controlled by Carl Icahn, said it continues to
+closely watch the developments of USAir, which has an agreement
+to acquire Piedmont Aviation Inc &lt;PIE>.
+    TWA said it spent 178.2 mln dlrs to acquire its 4,043,200
+USAir shares, which amount to 14.8 pct of its total outstanding
+common stock.
+    TWA said it would not buy more USAir Group stock, at least
+for the moment.
+    But it said it still believes a TWA-USAir combination would
+"create certain synergies that would be mutually beneficial to
+both carriers."
+    TWA stressed that it reserved the right to revive its
+takeover attempt and said it may continue to explore the
+feasibility and strategies of gaining control of USAir.
+    Further purchases of USAir stock would require the approval
+of the Department of Transportation, TWA said.
+    Because of Department of Transportation rules, TWA also
+said it put its USAir stock into a voting trust with Fleet
+National Bank as the voting trustee.
+    The voting trust agreement requires the bank to vote in
+favor of any acquisition agreement between TWA and USAir and to
+opposed any other merger of USAir.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10664" NEWID="5751">
+<DATE>16-MAR-1987 18:21:55.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3858&#31;reute
+d f BC-ADOBE-&lt;ADB>,-HIGH-PLA   03-16 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADOBE &lt;ADB>, HIGH PLAINS &lt;HPOC> TO MERGE</TITLE>
+<DATELINE>    DENVER, March 16 - </DATELINE><BODY>Adobe Resources Corp and High Plains Oil
+Corp said they reached an agreement in principle under which
+High Plains will be merged into a unit of Adobe.
+    Under terms of the agreement, the companies said each share
+of High Plains common stock not owned by Adobe or held in the
+High Plains treasury will be exchanged for 1.12 shares of newly
+issued Adobe common.
+    The exchange, they said, will be made on the effective date
+of the merger, which must be approved by both companies' boards
+and High Plains' shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10665" NEWID="5752">
+<DATE>16-MAR-1987 18:25:53.21</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>belgium</D></PLACES>
+<PEOPLE><D>de-clercq</D></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f3860&#31;reute
+r f AM-COMMUNITY-TRADE   03-16 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC WARNS U.S. AND JAPAN ON TRADE TENSIONS</TITLE>
+<AUTHOR>    By Paul Mylrea, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, March 16 - </DATELINE><BODY>The European Community (EC) delivered
+warnings to both Japan and the United States over trade
+frictions which have hit relations between the Community and
+its main trading partners.
+    EC foreign ministers meeting here issued a statement
+deploring Japan's continued trade imbalance and appealed for
+greater effort by the country to open its markets.
+    Ministers also issued a statement saying they were
+disturbed by moves in the U.S. to limit imports of textiles and
+warned that the Community would react to any such moves.
+    EC External Trade Commissioner, Willy De Clercq has already
+written to his U.S. counterpart, special U.S. Trade
+Representative Clayton Yeutter, outlining the EC's concerns.
+    The ministers' said they were "very disturbed" by the U.S.
+moves, adding, "the adoption of such measures would not fail to
+have a negative effect on the process of multilateral
+negotiations just started as well as on bilateral relations."
+    Any unilateral U.S. moves would leave the EC no option but
+to react according to the laws of the world trade body, the
+General Agreement on Tariffs and Trade (GATT), they said.
+    In a separate statement on Japan, the EC ministers said
+they "deplore the continued aggravation of the imbalance in
+trade ... (and) expect Japan to open up its market more."
+    The statement added that the EC continued to insist that
+the Japanese government must boost imports and stimulate
+demand.
+    Ministers also called on the European Commission to prepare
+a report on U.S.-Japanese trade for July this year to enable
+them to take action where necessary.
+    One diplomat said the call for a report showed ministers
+were determined not to let the Japanese question drop. "It wil
+be back on the table again and again," the diplomat said.
+    De Clercq told journalists, "There is a certain nervousness,
+a growing impatience within the Community on trade relations
+with Japan."
+    But diplomats said the Community is keen to continue
+talking with Tokyo to try and solve the problem rather than
+embark on a costly and damaging trade war.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10666" NEWID="5753">
+<DATE>16-MAR-1987 18:30:36.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3868&#31;reute
+r f BC-NATIONAL-HEALTH-CARE   03-16 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL HEALTH CARE &lt;NHCS> NAMES NEW OFFICIALS</TITLE>
+<DATELINE>    IRVINE, Calif., March 16 - </DATELINE><BODY>National Medical Care Systems
+INc said it has named Arthur Axelrod its Chairman and Robert
+Kim its president.
+    Axelrod, who had been president, replaces U.T. Thompson
+III, who resigned March 1.
+    Kim had been a board director and director of operations
+for the company's primary operating subsidiary, National Health
+Care Systems of California, Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10667" NEWID="5754">
+<DATE>16-MAR-1987 18:36:54.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3870&#31;reute
+b f BC-******CEASARS-WORLD-I   03-16 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CEASARS WORLD FILES SUIT AGAINST MARTIN SOSNOFF AND MTS ACQUISITION ON TENDER OFFER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10668" NEWID="5755">
+<DATE>16-MAR-1987 18:37:39.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f3871&#31;reute
+r f BC-COASTAL-&lt;CGP>-HIT-WIT   03-16 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL &lt;CGP> HIT WITH TWO BILLION DLR LAWSUIT</TITLE>
+<DATELINE>    HOUSTON, March 16 - </DATELINE><BODY>TransAmerica Natural Gas Corp said it
+is seeking two billion dlrs in punitive and actual damages in a
+lawsuit it filed today against Coastal Corp, its chairman and
+certain Coastal affiliates.
+    TransAmerica, a privately held company that has been in
+bankruptcy since 1983, said its suit alleges that Coastal and
+its chairman, Oscar S. Wyatt Jr, unlawfully interfered with
+agreements it previously reached with its creditors, causing
+the company significant damage.
+    TransAmerica also said its suit, filed in state district
+court in Harris County, Texas, seeks injunctions against Wyatt
+and Coastal to enjoin them from interfering with its
+contractual agreements with its creditors.
+    The company alleged that beginning in mid-1986, Coastal and
+its chairman took various steps to acquire its gas and other
+assets.
+    Coastal has used TransAmerica's bankruptcy proceedings to
+engineer a hostile takeover attempt, the company charged.
+    In its suit TransAmerican alleged that Coastal and Wyatt
+are "notorious corporate raiders who have been restrained in
+the past from taking over other corporations in their attempt
+to create a stranglehold position from which they could control
+and raise gas prices..."
+    "It is obvious that Coastal's efforts to improperly take
+over TransAmerican is a thinly veiled attempt to control a
+larger share of the Texas gas market to the detriment of end
+users and consumers," the company alleged.
+    Coastal could not be reached for comment. Company name is
+Transamerican.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10669" NEWID="5756">
+<DATE>16-MAR-1987 18:42:09.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3874&#31;reute
+u f BC-CAESARS-WORLD-&lt;CAW>-F   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAESARS WORLD &lt;CAW> FILES SUIT AGAINST SOSNOFF</TITLE>
+<DATELINE>    LOS ANGELES, March 16 - </DATELINE><BODY>Caesars World Inc said it filed a
+lawsuit against Martin T. Sosnoff and MTS Acquisition Corp
+regarding its March 9 unsolicited tender offer for Caesars
+World stock.
+    The company said it filed in the Federal Court in the
+Central District of California, charging the tender offer,
+which its board rejected, violated federal securities laws and
+federal margin regulations.
+    The suit charges the offering materials are materially
+false and misleading and misstate and conceal material
+information required to be disclosed to shareholders.
+    The suit also charges the offer is illusory and designed to
+manipulate the market in Caesars World stock to enable Sosnoff
+to sell the Caesars World stock he already owns for a
+substantial profit.
+    The complaint seeks, among other things, to enjoin the
+tender offer and to require MTS and Sosnoff to correct false
+and misleading statements in the offer.
+    Caesars World is expected to seek a friendly suitor,
+restructure operations, or buy back Sosnoff's holdings in an
+attempt to fight off the bid.
+    Sosnoff holds about 13.6 pct of the company's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10670" NEWID="5757">
+<DATE>16-MAR-1987 18:51:10.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3880&#31;reute
+r f BC-CENTERRE   03-16 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARRIS UPS CENTERRE BANCORP &lt;CTBC> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Harris Associates L.P., a Chicago
+investment advisor, said it raised its stake in Centerre
+Bancorporation to 508,062 shares, or 6.6 pct of the total
+outstanding, from 427,061 shares, or 5.5 pct.
+    In a filing with the Securities and Exchange Commission,
+Harris said it bought 81,001 Centerre common shares between Jan
+2 and March 4 at prices ranging from 36.00 to 39.75 dlrs a
+share.
+    It said its dealings in the company's stock are on behalf
+of its clients.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10671" NEWID="5758">
+<DATE>16-MAR-1987 18:54:27.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3882&#31;reute
+r f BC-PAY'N-SAVE-&lt;PAYN>-1ST   03-16 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAY'N-SAVE &lt;PAYN> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    SEATTLE, March 16 -
+    </DATELINE><BODY>Shr profit one ct vs loss 14 cts
+    Net profit 279,000 vs loss 1,896,000
+    Sales 199.6 mln vs 142.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10672" NEWID="5759">
+<DATE>16-MAR-1987 18:58:52.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>argentina</D></PLACES>
+<PEOPLE><D>brodersohn</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f3883&#31;reute
+r f BC-debt-prognosis-agreed   03-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEBT PROGNOSIS AGREED, BUT NO CURE IN SIGHT</TITLE>
+<DATELINE>    BOSTON, MARCH 16 - </DATELINE><BODY>Latin America urgently needs more money
+if it is to grow its way out of its deepening debt crisis, but
+fresh ideas about how to stimulate new lending quickly seem to
+be in short supply.
+    Bankers, officials and academics at a conference organized
+by the Massachusetts Institute of Technology stressed the
+importance of proper economic policies and increased private
+investment. But they offered no glimpse of a grand design to
+banish the specter of a widespread repudiation of the region's
+380 billion dlr debt. "Such a solution is still not in sight,"
+said Nobel Prize-winning economist Franco Modigliani.
+    The conference was held against the background of the
+recent suspension of interest payments by Brazil and Ecuador,
+but it was Argentine finance secretary Mario Brodersohn who
+spelled out most clearly the social and economic strains caused
+by the need to service billions of dlrs of debt.
+    Brodersohn, who is negotiating currently with foreign banks
+for a 2.15 billion dlr loan for 1987, says Argentina will have
+to grow at a four pct annual rate between now and 1992 simply
+to restore per capita income to the level of 1975.
+    He said the investment needed to fuel this growth can come
+partly from structural economic reforms at home, but this alone
+will not be enough.
+    "We have to reduce the transfer of resources," Brodersohn
+said, adding that mounting economic strains in Latin America
+make this a matter of urgency.
+    Brodersohn and other Latin officials, however, did not
+spell out how this should be achieved.
+    The creditors' strategy, spelled out by U.S. Treasury
+Secretary James Baker in October 1985, is to spur additional
+lending by private banks and multilateral development banks in
+return for economic reforms.
+    But there was a widespread recognition at the conference
+that the Baker Plan has fallen well short of expectations.
+    Miguel Urrutia, a senior official of the Inter-American
+Development Bank, for instance, said IADB lending had actually
+declined in 1986 and had started slowly in 1987.
+    Mexico is due to sign a 7.7 billion dlr loan on Friday that
+will be the first major facility under the Baker Plan, which
+called for net new bank lending between 1986 and 1988, a target
+that Morris Goldstein of the International Monetary Fund said
+is now optimistic.
+    Deputy Assistant Secretary of State for Inter-American
+Affairs Paul Taylor acknowledged that the Baker Plan "has not
+yet succeeded as well as we hoped."
+    But if the debtors at the conference were hoping to hear an
+official commitment to try a new tack, they must have been
+disappoiunted.
+    Ted Truman, director of the International Finance Diviision
+at the Federal Reserve Board, said banks were short-sighted in
+not lending promptly and in the amounts called for by Baker.
+    He said some streamlining of the lending process may be
+needed, but added, "I see no alterantive to the present course
+of responsible cooperation."
+    A major theme at the conference, however, was that the
+world economy might not continue to cooperate while the debtors
+and creditors muddle along. If export markets dry up because of
+recession or protectionism, speakers warned, Latin America will
+be even more hard-pressed to service its debts.
+    Rimmer de Vries, chief international economist at Morgan
+Guaranty Trust Co, said he was very concerned that world
+economic growth of three to 3-1/2 pct cannot be sustained and
+that West Germany and Japan wowuld not take up the slack in the
+world economy that will arise as the U.S. narrows its trade
+deficit.
+    "There's a deflationary force coming down the mountain, and
+I don't know who's going to be rolled over," de Vries said. He
+called for a new lending initiative with a wide menu of options
+as alternatives to pure new money.
+    "Can we not manage this lending a bit more imaginatively?"
+he asked the conference.
+    But new ideas take time to devise and implement, and
+Brazil's suspension of interest payments shows that the
+aptience of debtors might be wearing thin.
+    Persio Arida, a former director of the Brazizlian central
+bank who was a key architect of that country's Cruzado plan to
+curb inflation, said there is an "incentive problem" throughout
+Latin America.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10673" NEWID="5760">
+<DATE>16-MAR-1987 19:02:56.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3889&#31;reute
+d f BC-PROPOSED-OFFERING   03-16 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Mead Corp &lt;MEA> - Shelf offering of up to 150 mln dlrs of
+debt securities, including debentures and notes.
+    Philadelphia Electric Co &lt;PE> - Shelf offering of up to 250
+mln dlrs of first and refunding mortgage bonds.
+    Hechinger &lt;HECHA> - Offering of 100 mln dlrs of convertible
+subordinated debentures due 2012 through Morgan Stanley and Co
+Inc.
+    UAL Inc &lt;UAL> - Shelf offering of up to 200 mln dlrs of
+debentures due March 31, 1997 and 2,564,102 shares of common
+stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10674" NEWID="5761">
+<DATE>16-MAR-1987 19:06:29.51</DATE>
+<TOPICS><D>oilseed</D><D>veg-oil</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f3896&#31;reute
+u f AM-COMMUNITY-MINISTERS 1STwm  03-16 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION DEFENDS FARM PROGRAM</TITLE>
+<DATELINE>    BRUSSELS, March 16 - </DATELINE><BODY>The European Community's (EC)
+executive Commission defended attacks on major elements of its
+ambitious program to rid the EC of its controversial farm
+surpluses, after strong attacks from northern states.
+    Britain and West Germany, backed by the Netherlands and
+Denmark, opposed a proposed tax on edible oils and fats which
+has already sparked strong protest from exporters to the EC led
+by the U.S. and from EC consumer groups, diplomats said.
+    But EC Agriculture Commissioner Frans Andriessen told
+journalists he had warned ministers that failure to agree the
+tax, proposed last month as part of the Commission's annual
+farm price package, would leave a large hole in the group's
+budget.
+    He added that he hoped states had not yet made their mind
+up for good. "I hope the debate is still open, if not there will
+be a formidable hole in the budget," he said.
+    The shortfall could reach two billion dollars in 1988 and
+would be only slightly less this year, he said.
+    Foreign ministers were taking a first look at the tax ahead
+of farm ministers in a move described by diplomats as
+unprecedented and welcomed by Andriessen as a sign ministers
+recognised the importance of reforming the EC's farm policy.
+    The proposed tax is designed to provide the EC with extra
+cash to finance community oilseed crops at their current levels
+and to brake a dramatic decrease in olive oil consumption by
+making it more competitive with other oils.
+    Andriessen noted the EC has over two mln olive oil
+producers, mostly small farmers, who could be helped by the
+tax.
+    "What we are suggesting is reasonable, it should be better
+understood not just outside the community but at home," he said.
+    Britain, normally a keen advocate of radical changes in the
+EC's costly farm subsidies system, warned the proposal to
+impose the tax on both domestic and imported oils and fats
+could seriously damage the EC's trade relations with other
+countries.
+    Britain also warned that the tax could hit developing
+countries already receiving aid from the EC, they said.
+    The Commission also defended proposals to dismantle
+Monetary Compensatory Amounts (MCA) -- a system of cross border
+subsidies and taxes to level out foreign exchange fluctuations
+for farm exports -- against harsh West German criticism.
+    In a letter this weekend from Chancellor Helmut Kohl to EC
+executive Commission President, Jacques Delors, Kohl made clear
+such a dismantling would mainly hit West German farmers.
+    Diplomats said West Germany again repeated its criticism at
+the talks here but Andriessen told journalists that Germany had
+been alone in its opposition. The question was a key aspect of
+the Commission's farm price proposals, he added.
+   Ministers also agreed a 3.5 billion dlrs scheme to rid the
+EC of its butter mountain, despite Spanish and Portuguese
+opposition.
+    The scheme will pay for the disposal of one mln tonnes of
+unwanted butter, by selling it at knock-down prices, turning it
+into animal feed or exporting it at subsidised prices.
+    National capitals are due to be reimbursed later out of
+savings from another plan to curb milk production.
+    Diplomats said Spain and Portugal have been angered by the
+scheme, which they feel forces them to pay for massive
+surpluses built up before they joined the community last year,
+but the two countries did not block today's vote.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10675" NEWID="5762">
+<DATE>16-MAR-1987 19:07:56.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3898&#31;reute
+h f BC-AERO-SERVICES-&lt;AEROE>   03-16 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AERO SERVICES &lt;AEROE> IN PACT FOR NOMINATIONS</TITLE>
+<DATELINE>    TETERBORO, N.J., March 16 - </DATELINE><BODY>Aero Services International Inc
+said it signed an agreement with Dibo Attar, who controls about
+39 pct of its common stock, under which three nominees to
+Aero's board have been selected by Attar.
+    In addition to Attar, the nominees are Stephen L. Peistner,
+chairman and chief executive officer of &lt;McCrory Corp> and
+James N.C. Moffat III, vice president and secretary of
+&lt;Eastover Corp>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10676" NEWID="5763">
+<DATE>16-MAR-1987 19:15:03.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3905&#31;reute
+r f BC-LOS-ANGELES-SECURITIE   03-16 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOS ANGELES SECURITIES &lt;LSGA> SETS MANAGMENT</TITLE>
+<DATELINE>    LOS ANGELES, March 16 - </DATELINE><BODY>Los Angeles Securities Group said
+it has concluded negotiations with Ronald Vannuki under which
+he will become its chief executive officer and buy about
+710,000 shares of its common stock.
+    The company said Vannuki will buy about 210,000 shares from
+current shareholders and about 500,000 shares from the company
+over three years.
+    Vannuki, 46, has been Vice President for Kayne, Anderson
+and Co Inc, a Los Angeles-based securities broker-dealer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10677" NEWID="5764">
+<DATE>16-MAR-1987 20:31:25.88</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3919&#31;reute
+f f BC-Australia-Feb-current   03-16 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Australia Feb current account deficit 750 mln dlrs vs Jan 1.23 billion - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10678" NEWID="5765">
+<DATE>16-MAR-1987 20:35:01.75</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3923&#31;reute
+b f BC-AUSTRALIAN-CURRENT-AC   03-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN CURRENT ACCOUNT DEFICIT NARROWS IN FEB</TITLE>
+<DATELINE>    CANBERRA, March 17 - </DATELINE><BODY>Australia's current deficit narrowed
+to 750 mln dlrs in February from 1.23 billion (revised from
+1.29 billion) in January, the Statistics Bureau said.
+    This compared with an 897 mln dlr shortfall a year earlier.
+    February merchandise trade recorded a 42 mln dlr surplus
+against a 246 mln shortfall (revised from 287 mln) in January
+and a 162 mln deficit in February 1986.
+    The current account deficit fell at the lower end of the
+range of forecasts of 700 mln to one billion dlrs made by
+market economists yesterday.
+    February FOB exports rose to 2.82 billion dlrs from 2.74
+billion (revised from 2.72 billion) in January and 2.54 billion
+a year earlier while FOB imports fell to 2.77 billion from 2.99
+billion (revised from 3.01 billion) against 2.70 billion a year
+earlier, the Bureau said.
+    It said a four pct decline in rural exports, despite an 11
+pct rise in wheat exports, was more than offset by a seven pct
+rise in non-rural exports, notably minerals and fuels.
+    On the import side, the main decreases were falls of 17 pct
+in machinery and transport equipment and 21 pct in fuels, the
+Bureau said.
+    The net services deficit narrowed to 146 mln dlrs from 253
+mln (revised from 268 mln) in January and 192 mln a year
+earlier, the Bureau said.
+    This made a sharply lower deficit of 104 mln dlrs on the
+balance of goods and services against deficits of 499 mln in
+January and 354 mln a year earlier.
+    Deficit on net income and unrequited transfers was 646 mln
+dlrs against 736 mln in January and 543 mln a year earlier.
+    Official capital transactions in February showed a surplus
+of 786 mln dlrs against a 2.56 billion surplus in January and a
+505 mln surplus a year earlier.
+    Non-official capital and balancing item showed a 36 mln dlr
+deficit against a 1.33 billion deficit in January and a 392 mln
+surplus in February 1986, the Bureau said.
+    The cumulative current account deficit for the first eight
+months of fiscal 1986/87 ending June 30 widened to 9.37 billion
+dlrs from 9.32 billion a year earlier.
+    The cumulative trade deficit narrowed to 2.09 billion dlrs
+from 2.21 billion and the services deficit to 2.25 billion from
+2.75 billion but the transfers deficit widened to 5.03 billion
+from 4.36 billion. The cumulative official capital surplus
+narrowed to 2.90 billion dlrs from 3.86 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10679" NEWID="5766">
+<DATE>16-MAR-1987 20:52:40.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3931&#31;reute
+b f BC-MIYAZAWA-SAYS-NO-INTE   03-16 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS NO INTENTION TO ALTER SALES TAX BILL</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said he
+had no intention of modifying at the moment a proposed bill
+introducing a sales tax.
+    "Parliamentary deliberation must be conducted fully before
+we see whether to revise it or not," Miyazawa told reporters.
+    He also said he had not heard anything about Deputy Premier
+Shin Kanemaru suggesting modification of the tax.
+    The Japanese press has reported that Kanemaru proposed
+yesterday a freeze or a modification of the value-added tax as
+he saw growing public opposition.
+    Debate on the sales tax has been stalled by a sporadic
+opposition boycott over their objections to the tax.
+    Miyazawa said he did not expect the bill to be altered even
+after Parliament completes its deliberations. He also said the
+Government is undecided on the scale of a proposed provisional
+budget for fiscal 1987 beginning on April 1.
+    The minister declined to comment on wide-spread press
+speculation that the stop-gap budget would total more than
+1,000 billion yen.
+    The Government is working on a provisional budget as the
+chances of passing a full one by April 1 are virtually nil as a
+result of the halt in parliamentary business, officials said.
+    The Government wants to include as many economic stimuli as
+possible in the provisional budget to boost domestic demand,
+increase imports and reduce its trade surplus, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10680" NEWID="5767">
+<DATE>16-MAR-1987 21:02:19.76</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3936&#31;reute
+b f BC-AUSTRALIAN-RESERVES-F   03-16 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN RESERVES FALL IN FEBRUARY</TITLE>
+<DATELINE>    SYDNEY, March 17 - </DATELINE><BODY>Australia's official reserve assets fell
+to the equivalent of 8.50 billion U.S. Dlrs in February, from
+9.15 billion in January, compared with 9.06 billion a year
+earlier, the Reserve Bank said.
+    In Australian dollar terms, reserves fell by 1.24 billion
+dlrs to 12.60 billion after falling 1.71 billion to 13.85
+billion in January and rising 792 mln to 12.92 billion in
+February 1986.
+    The bank said that excluding valuation effects, it
+estimated reserves fell 853 mln dlrs after falling 2.34 billion
+in January and rising 323 mln a year earlier.
+    The individual value of reserve assets in Australian
+dollars at end-February with end-January and year-earlier
+respectively in brackets were.
+    Gold 4.71 billion (4.90 billion and 3.83 billion), SDR's
+503 mln (524 mln and 468 mln), IMF reserve position 354 mln
+(365 mln and 312 mln), U.S. Dollars 3.25 billion (both 3.99
+billion), other foreign exchange 3.78 billion (4.07 billion and
+4.32 billion).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10681" NEWID="5768">
+<DATE>16-MAR-1987 21:29:51.26</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3949&#31;reute
+f f BC-Japan-February-wholes   03-16 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan February wholesale prices fall 0.1 pct (0.6 pct January drop) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10682" NEWID="5769">
+<DATE>16-MAR-1987 21:30:24.87</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3950&#31;reute
+b f BC-JAPAN-WHOLESALE-PRICE   03-16 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN WHOLESALE PRICES FALL 0.1 PCT IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Japan's overall wholesale price index
+(base 1980) fell 0.1 pct in February from a month earlier to
+86.4 for the second consecutive month-on-month fall, the Bank
+of Japan said.
+    Wholesale prices fell 0.6 pct in January from December.
+    The index fell 9.1 pct from a year earlier for the 21st
+straight year-on-year drop, the central bank said.
+    The reduced month-on-month drop mainly stemmed from the
+recovery in world crude oil prices, it said.
+    On a customs-cleared basis, crude oil prices rose to around
+17 dlrs a barrel in February from about 15 dlrs in January.
+    The average value of the yen against the dollar rose 0.8
+pct to 153.50 in February from 154.67 in January and was up
+16.8 pct from 184.55 a year earlier, the bank said.
+    The export price index in February fell 0.7 pct from a
+month earlier reflecting price cuts in export products like
+cars and precision instruments due to severe foreign
+competition. The index was down 7.1 pct from a year earlier.
+    The import price index rose 1.1 pct from a month earlier to
+57.4 for the sixth successive month-on-month gain mainly due to
+the continued strength of world crude oil prices. But the index
+was down 29 pct from a year earlier.
+    The domestic price index fell 0.1 pct to 91.9 in February,
+its 24th straight monthly drop, mainly reflecting falls in
+prices of home appliances such as colour televisions due to
+severe sales competition at home. Lower edible oil prices added
+to the decline.
+    The index was down 6.7 pct from a year earlier.
+    The domestic index marked its largest year-on-year drop of
+7.1 pct in January since the central bank started compiling
+such statistics in 1960 under its current system.
+    Wholesale prices are likely to turn upward in March as
+higher world crude oil and raw material prices are expected,
+the bank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10683" NEWID="5770">
+<DATE>16-MAR-1987 21:46:43.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3965&#31;reute
+u f BC-MITSUBISHI-BANK-&lt;MITB   03-16 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI BANK &lt;MITB.T> PLANS 40 MLN N.Z. DLR CD</TITLE>
+<DATELINE>    HONG KONG, March 17 - </DATELINE><BODY>Mitsubishi Bank Ltd's Hong Kong
+branch is planning a 40 mln New Zealand dlr certificate of
+deposit, CD, issue, banking sources said.
+    The three-year CDs are denominated in 100,000 dlr units and
+will carry interest at 37.5 basis points below the three-month
+New Zealand bank bill rate.
+    Payment date is expected to be around April 1.
+    ANZ Securities Asia Ltd is lead manager for the issue.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10684" NEWID="5771">
+<DATE>16-MAR-1987 22:01:03.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>west-germany</D></PLACES>
+<PEOPLE><D>von-weizsaecker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3969&#31;reute
+u f BC-CREDITORS/DEBTORS-SHA   03-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDITORS/DEBTORS SHARE RESPONSIBILITY-WEIZSAECKER</TITLE>
+<DATELINE>    BUENOS AIRES, March 16 - </DATELINE><BODY>West German President Richard von
+Weizsaecker said both debtor and creditor nations share
+responsibility for the Third World's foreign debt crisis.
+    Weizsaecker, in a speech on the first day of an official
+visit to Argentina, said: "Debtor and creditor countries have
+created this situation jointly. They also share responsibility
+for finding lasting solutions."
+    Local officials have payed great importance to
+Weizsaecker's visit because they consider him a key backer of
+more flexible repayment terms for Argentina's 51 billion dlr
+foreign debt, Latin America's third largest.
+    Weizsaecker, speaking at a reception held for him by
+President Raul Alfonsin at Buenos Aires' City Council hall,
+also said no one could overlook the enormity of the obstacle
+posed by the foreign debt to countries like Argentina.
+    "Democracy in Latin America must not be endangered because
+of misery or new injustices," he said.
+    Argentine officials said they might halt debt payments last
+month if creditor banks did not agree to a new 2.15 billion dlr
+loan. An Argentine mission is now in the U.S. For talks with 11
+banks, seeking to win an easing of repayment terms and secure
+the loan.
+    Weizsaecker said Argentina has had difficulties with the
+European Community over trade barriers and subsidies for grain
+exports.
+    "We are making efforts to eliminate them with the help of
+balanced interest from all parties," he said.
+    Argentina has said the barriers and subsidies cut unfairly
+into the country's traditional markets for its grain exports.
+    Weizsaecker arrived for a four-day visit, opening a Latin
+American tour which includes Bolivia and Guatemala. He held
+brief talks on Sunday with Brazilian President Jose Sarney
+during a stopover in Brasilia.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10685" NEWID="5772">
+<DATE>16-MAR-1987 22:16:59.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>tunisia</D><D>lebanon</D><D>jordan</D><D>morocco</D><D>israel</D><D>algeria</D><D>egypt</D><D>syria</D><D>uk</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3977&#31;reute
+u f BC-EC-AGREES-ON-AID-PACK   03-16 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC AGREES ON AID PACKAGE FOR MEDITERRANEAN STATES</TITLE>
+<DATELINE>    BRUSSELS, March 17 - </DATELINE><BODY>European Community (EC) foreign
+ministers have agreed on an aid package of loans and grants
+totalling more than 1.6 billion European Currency Units (Ecu)
+for states in the southern and eastern Mediterranean region.
+   The five-year accord increases aid to the states, Tunisia,
+Israel, Jordan, Lebanon, Morocco, Algeria, Egypt and Syria, by
+about 60 pct from the previous pact, Belgian Foreign Minister
+Leo Tindemans told a news conference. The EC's executive
+Commission had proposed a package of more than 1.7 billion
+Ecus, about 70 pct more than the last aid deal, but West
+Germany and Britain called for the rise to be kept to 30 pct.
+    The package includes 615 mln Ecus in cash grants from the
+EC, while just over one billion Ecus will be made available in
+loans from the European Investment Bank, the EC's long-term
+investment arm. Details of how the money is to be distributed
+will be worked out by EC officials.
+    Syria, while still officially included on the list, will
+not receive any money unless EC ministers specifically agree to
+it. The EC last year imposed sanctions against Syria because of
+its alleged role in the attempted bombing of an Israeli
+airliner.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10686" NEWID="5773">
+<DATE>16-MAR-1987 22:24:31.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3982&#31;reute
+u f BC-STRIKES-AGAINST-WAGE   03-16 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRIKES AGAINST WAGE FREEZE SPREAD IN YUGOSLAVIA</TITLE>
+<DATELINE>    BELGRADE, March 17 - </DATELINE><BODY>Strikes against a government freeze on
+wages spread to most regions of Yugoslavia last week, the
+official news agency Tanjug said last night.
+    It said thousands of workers were involved, and officials
+feared more strikes were on the way.
+    At least 60 strikes have taken place around Yugoslavia in
+the past two weeks, but most of those previously reported were
+in the northern republic of Croatia.
+    Prime Minister Branko Mikulic imposed the wage freeze last
+month in an effort to curb rampant inflation, now running at an
+annual rate of almost 100 pct.
+    The government froze wages at their level in the fourth
+quarter of 1986 and said any future rises must be linked to
+productivity.
+    The measure met widespread disapproval. Even some senior
+executives of major industrial enterprises have criticised the
+freeze in interviews with Tanjug.
+    The agency said strikes took place last week in the
+southern republic of Montenegro and the predominantly ethnic
+Albanian province of Kosovo. In the central republic of Bosnia
+and Hercegovina 1,700 workers struck, while many teachers in
+Belgrade refused to take their paychecks.
+    Earlier, Yugoslav journalists, who asked to remain
+anonymous, told Reuters they had been barred from strike-hit
+factories.
+    They said they had been told they could not enter without
+permits, whereas before the strikes no permits had been
+necessary to visit factories.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10687" NEWID="5774">
+<DATE>16-MAR-1987 22:43:53.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3987&#31;reute
+u f BC-CONSERVATIVES-MAKE-MA   03-16 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSERVATIVES MAKE MAJOR GAINS IN FINNISH POLLS</TITLE>
+<DATELINE>    HELSINKI, March 17 - </DATELINE><BODY>Finland's Conservatives emerged with
+major general election gains after a swing away from the left.
+    Conservative Party leader Ilkka Suominen told reporters
+"they can't keep us out of government now" after the Party gained
+nine Parliamentary seats in elections held on Sunday and
+Monday, taking its total to 53 seats.
+    With 99 pct of votes counted, Prime Minister Kalevi Sorsa's
+Social Democratic Party had lost just one seat despite a 2.5
+pct drop in support.
+    The Social Democrats held 57 seats in the last 200-seat
+parliament, the Conservatives 44 and the Centre Party 37.
+    It may take weeks for the political complexion of the new
+government to take shape as major parties negotiate to see
+which grouping can form a majority. But the result is expected
+to be a change from the outgoing centre-left coalition.
+    Political commentators said the results will have
+far-reaching implications as they showed a significant swing
+from the left, which has dominated post-war Finnish politics.
+    Despite the Conservative revival, commentators said there
+would be no immediate change in foreign policy, which is
+moulded by Finland's sensitive position in the shadow of the
+neighbouring Soviet Union.
+    The environmentalist "Greens" doubled their seats in
+parliament to four, although opinion polls had forecast they
+would win 10.
+    The Communists split for the first time into pro-Moscow
+Stalinists and Eurocommunists. The Eurocommunists retained
+their 17 seats, while the Stalinists, expelled from the
+official Communist Party in 1986, lost six of their 10 seats.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10688" NEWID="5775">
+<DATE>16-MAR-1987 22:57:39.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3990&#31;reute
+u f BC-POINDEXTER-MAY-GET-IM   03-16 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POINDEXTER MAY GET IMMUNITY TO HELP TRACK FUNDS</TITLE>
+<DATELINE>    WASHINGTON, March 16 - </DATELINE><BODY>Congressional investigators
+tentatively plan to grant immunity to former presidential
+National Security Advisor John Poindexter who they say may help
+track missing money from Iran arms sales.
+    Congressional sources told Reuters the House of
+Representatives and Senate committees probing the arms scandal
+are expected to back a preliminary accord reached last Friday
+by their legal advisors to grant Poindexter immunity from
+prosecution in return for his testimony. He would be the first
+leading figure in the affair to be granted immunity.
+    Poindexter resigned from his White House post in November
+when it was divulged that up to 30 mln dlrs in arms sales
+profits might have been diverted to Nicaraguan contra rebels.
+Congressional investigators and a presidential review
+commission have not tracked beyond secret Swiss and Cayman
+Island bank accounts mlns of dlrs said to have been diverted.
+    The sources said Poindexter could help trace the money,
+which is one of the big riddles of the scandal. "Obviously we
+think he is a very important witness," said a House source.
+    Poindexter has refused to testify before Congress, citing
+his constitutional rights against self-incrimination.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10689" NEWID="5776">
+<DATE>16-MAR-1987 23:09:37.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>india</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3996&#31;reute
+u f BC-INDIAN-OIL/GAS-COMMIS   03-16 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN OIL/GAS COMMISSION GETS 26.5 MLN DLR CREDIT</TITLE>
+<DATELINE>    HONG KONG, March 17 - </DATELINE><BODY>The &lt;Oil and Natural Gas Commission>
+of India has signed for a 26.5 mln U.S. Dlr Italian buyers'
+credit, co-lead manager Bankers Trust Co said.
+    It said the 12-year facility, guaranteed by the Indian
+government, carries interest at a fixed rate of 7.40 pct.
+Repayment starts in 1989 and is in 20 semi-annual instalments.
+    Italy's export credit agency Mediocredito Centrale provides
+an undisclosed interest subsidy to the lenders.
+    The other lead managers are State Bank of India and
+Grindlays Bank Plc. Managers are Irving Trust Co, Toyo Trust
+and Banking Co Ltd and Standard Chartered Bank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10690" NEWID="5777">
+<DATE>16-MAR-1987 23:17:57.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4002&#31;reute
+u f BC-TOYOTA-SEEN-GETTING-M   03-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA SEEN GETTING MANILA APPROVAL FOR CAR OUTPUT</TITLE>
+<DATELINE>    MANILA, March 17 - </DATELINE><BODY>Toyota Motor Corp &lt;TOYO.T> of Japan is
+expected to get approval from a Philippine government agency to
+produce cars and other items here, government sources said.
+    This follows the company's proposal to invest about 400 mln
+pesos and generate about 100 mln dlrs in export earnings over
+five years.
+    The sources said Toyota is likely to be brought into the
+government-backed Progressive Car Manufacturing Program (PCMP),
+which since the 1970s has controlled the number of car makers.
+The PCMP is administered by the Board of Investments (BOI),
+which screens investments by foreigners and locals.
+    The sources said Toyota had also applied to produce wiring
+harness, hardboard and ferro-silicone for local and export
+markets. It has not yet said what kind of cars it will make.
+    The sources did not say when BOI would announce its
+decision on the Toyota application.
+    In 1984 Toyota severed its ties with &lt;Delta Motor Corp>,
+its local partner for more than 20 years, because the latter
+was suffering financial difficulties. The state-owned
+Philippine National Bank later foreclosed on Delta's assets and
+the sources said Toyota is now negotiating to buy these.
+    The government sources also said Toyota was in the final
+stages of negotiations with a new local partner.
+    Toyota would be the third participant in the PCMP, joining
+&lt;Pilipinas Nissan Inc> and &lt;Philippine Automotive Manufacturing
+Corp>, formerly Canlubang Automotive Resources Corp.
+    Two U.S. Car firms, General Motors Corp &lt;GM.N> and Ford
+Motor Co &lt;F.N>, withdrew from the local car market shortly
+after the country was hit by a financial crisis in 1983.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10691" NEWID="5778">
+<DATE>16-MAR-1987 23:29:52.10</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4012&#31;reute
+u f BC-DOLLAR-SEEN-FALLING-U   03-16 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR SEEN FALLING UNLESS JAPAN SPURS ECONOMY</TITLE>
+<AUTHOR>    By Rie Sagawa, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Underlying dollar sentiment is bearish,
+and operators may push the currency to a new low unless Japan
+takes steps to stimulate its economy as pledged in the Paris
+accord, foreign exchange analysts polled by Reuters said here.
+    "The dollar is expected to try its psychological barrier of
+150.00 yen and to fall even below that level," a senior dealer
+at one leading bank said.
+    The dollar has eased this week, but remains stable at
+around 151.50 yen. Six major industrial countries agreed at a
+meeting in Paris in February to foster currency stability.
+    Some dealers said the dollar may decline in the long term,
+but a drastic fall is unlikely because of U.S. Fears of renewed
+inflation and fears of reduced Japanese purchases of U.S.
+Treasury securities, needed to finance the U.S. Deficit.
+    Dealers generally doubted whether any economic package
+Japan could adopt soon would be effective enough to reduce its
+trade surplus significantly, and said such measures would
+probably invite further U.S. Steps to weaken the dollar.
+    Under the Paris accord, Tokyo promised a package of
+measures after the fiscal 1987 budget was passed to boost
+domestic demand, increase imports and cut its trade surplus.
+    But debate on the budget has been delayed by an opposition
+boycott of Parliamentary business over the proposed imposition
+of a five pct sales tax, and the government has only a slim
+chance of producing a meaningful economic package in the near
+future, the dealers said.
+    If no such steps are taken, protectionist sentiment in the
+U.S. Congress will grow, putting greater downward pressure on
+the dollar, they said.
+    The factors affecting the U.S. Currency have not changed
+since before the Paris accord, they added.
+    "Underlying sentiment for the dollar remains bearish due to
+a still-sluggish U.S. Economic outlook, the international debt
+crisis triggered by Brazil's unilateral suspension of interest
+payments on its foreign debts and the reduced clout of the
+Reagan administration as a result of the Iran/Contra arms
+scandal," said a senior dealer at a leading trust bank.
+    "There is a possibility that the dollar may decline to
+around 140.00 yen by the end of this year," said Chemical Bank
+Tokyo branch vice president Yukuo Takahashi.
+    But operators find it hard to push the dollar either way
+for fear of possible concerted central bank intervention.
+    Dealers said there were widespread rumours that the U.S.
+Federal Reserve telephoned some banks in New York to ask for
+quotes last Wednesday, and even intervened to sell the dollar
+when it rose to 1.87 marks.
+    The Bank of England also apparently sold sterling in London
+when it neared 1.60 dlrs on Wednesday, they said.
+    But other dealers said they doubted the efficacy of central
+bank intervention, saying it may stimulate the dollar's decline
+because many dealers are likely to await such dollar buying
+intervention as a chance to sell dollars.
+    However, First National Bank of Chicago Tokyo Branch
+assistant manager Hiroshi Mochizuki said "The dollar will not
+show drastic movement at least to the end of March."
+    Other dealers said the U.S. Seems unwilling to see any
+strong dollar swing until Japanese companies close their books
+for the fiscal year ending on March 31, because a weak dollar
+would give Japanese institutional investors paper losses on
+their foreign holdings, which could make them lose interest in
+purchases of U.S. Treasury securities.
+    U.S. Monetary officials may refrain from making any
+comments this month to avoid influencing rates, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10692" NEWID="5779">
+<DATE>16-MAR-1987 23:47:30.12</DATE>
+<TOPICS><D>bop</D><D>trade</D><D>austdlr</D><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4022&#31;reute
+b f BC-MARKET-WELCOMES-LOWER   03-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARKET WELCOMES LOWER AUSTRALIAN PAYMENTS DEFICIT</TITLE>
+<AUTHOR>    By Peter Bale, Reuters</AUTHOR>
+<DATELINE>    SYDNEY, March 17 - </DATELINE><BODY>The Australian dollar rose more than 40
+points and money market interest rates retreated on the better
+than expected improvement in the February current account
+deficit, but economists and dealers were cautious about
+identifying it as the start of a downward trend.
+    The current account deficit narrowed to 750 mln dlrs in
+February from 1.23 billion in January. It hit 13.82 billion
+dlrs in 1985/86 to end-June.
+    The currency jumped to 0.6858/63 U.S. Dlrs and traded as
+high as 0.6875 before retreating to around 0.6864/69.
+    "It's got 69 cents written all over it," one dealer said.
+    Foreign exchange dealers said some buyers had gone long on
+the dollar expecting a lower figure and sold it down about 30
+points to 0.6820 U.S. Dlrs before the release.
+    The 750 mln dlr deficit was at the lower end of forecasts
+and analysts said the market would welcome any figure below one
+billion dlrs for March.
+    Banque National de Paris &lt;BNPP.A> senior dealer Peter
+Nicolls cautioned that in the long term the currency and
+interest rates were too high for import substitution and export
+industries.
+    Nicolls said he expected the dollar to go as high as 0.6875
+and perhaps to 69 cents tomorrow.
+    &lt;Lloyds Bank NZA Ltd> chief economist Will Buttrose said
+the 42 mln dlr trade surplus was encouraging as were imports at
+2.77 billion dlrs, down from 2.99 billion in January.
+    But he warned that the outlook for rural and iron and coal
+exports remained poor. "We should remember we are paying
+something like seven to eight billion dollars simply to service
+our foreign debt and that is not going to go away in the near
+term," Buttrose said.
+    Buttrose said he expected a March deficit of around 900 mln
+dlrs, and added "Any figure under a billion dollars will be
+acceptable (to the markets)."
+    ANZ Banking Group Ltd &lt;ANZA.S> senior economist Ian Little
+said the big question was whether the improvement in exports
+could be sustained. February FOB exports rose to 2.82 billion
+dlrs from a revised 2.74 billion in January.
+    Interest rates responded quickly to the deficit news, with
+90-day bank bill yields falling to 16.42-16.45 pct from early
+highs of 16.50 and yields yesterday as high as 16.65.
+    Longer term yields fell with 10-year bonds at 13.66/68 pct
+from 13.74 before the release and highs of 13.87 yesterday.
+    The stock market was easier at midsession but brokers said
+the current account data had little impact on trading.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10693" NEWID="5780">
+<DATE>16-MAR-1987 23:59:54.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4040&#31;reute
+u f BC-HONGKONG-BANK-SAYS-CL   03-16 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONGKONG BANK SAYS CLOSE TO DEAL ON PROPERTY SALE</TITLE>
+<DATELINE>    HONG KONG, March 17 - </DATELINE><BODY>Hongkong and Shanghai Banking Corp
+&lt;HKBH.HK> is close to a deal on the sale of a commercial
+building in Hong Kong's Mongkok business district, a bank
+spokesman said.
+    He said the 21-storey Wayfoong Plaza was likely to be sold
+for about 280 mln H.K. Dlrs but declined to identify the buyer.
+    The spokesman gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10694" NEWID="5781">
+<DATE>17-MAR-1987 00:02:22.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f4041&#31;reute
+u f BC-CHINA-IMPOSES-QUOTAS   03-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA IMPOSES QUOTAS TO CUT LOSS OF FARMLAND</TITLE>
+<DATELINE>    PEKING, March 17 - </DATELINE><BODY>China will set quotas later this month
+to cut the amount of farmland converted to non-agricultural
+uses, the China Daily said.
+    The quotas will restrict the conversion of farmland to
+farmers' housing or construction by state departments and
+collective institutions and enterprises.
+    The newspaper quoted Wang Xianjin, general director of the
+State Land Administration, as saying the 1987 quota would be
+below the 320,000 hectares lost in 1985. Land loss and
+population growth have cut cultivated land per person to
+one-tenth of a hectare, half the amount of the early 1950s.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10695" NEWID="5782">
+<DATE>17-MAR-1987 00:04:37.35</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4044&#31;reute
+u f BC-THAI-M-1-MONEY-SUPPLY   03-17 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI M-1 MONEY SUPPLY RISES IN JANUARY</TITLE>
+<DATELINE>    BANGKOK, March 17 - </DATELINE><BODY>Thailand's M-1 money supply rose 9.8
+pct to an estimated 117.3 billion baht in January after
+increasing 6.6 pct in December, the Bank of Thailand said.
+    It said year-on-year M-1 grew 23.1 pct in January after an
+18.5 pct increase in December.
+    The central bank said M-2 rose 1.7 pct to an estimated
+686.5 billion baht in January after a 2.4 pct increase in
+December while year-on-year it expanded 13.3 pct after a 12.6
+pct rise in December.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10696" NEWID="5783">
+<DATE>17-MAR-1987 00:05:00.35</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4045&#31;reute
+b f BC-JAPAN-TO-RELEASE-GNP   03-17 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO RELEASE GNP FIGURES LATER TODAY</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>The Economic Planning Agency will
+announce gross national product (GNP) figures for the
+October/December quarter today at 1700 hrs local time (0800
+gmt), Agency officials told Reuters.
+    In the July/September quarter, GNP rose 0.6 pct from the
+previous three months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10697" NEWID="5784">
+<DATE>17-MAR-1987 00:06:22.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4046&#31;reute
+u f BC-CONTRAS-CARRY-OUT-FIR   03-17 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTRAS CARRY OUT FIRST RAID IN NICARAGUAN CAPITAL</TITLE>
+<DATELINE>    MANAGUA, March 16 - </DATELINE><BODY>U.S.-backed Contra rebels tried to blow
+up an electricity pylon supplying a Managua industrial zone in
+what Western diplomats say was the rebels' first sabotage
+attack in the Nicaraguan capital.
+    An Interior Ministry statement said power supplies were not
+affected by the blast, which slightly damaged the tower. No
+injuries were reported.
+    Residents near the site of the blast told reporters the
+rebels also scattered leaflets in the area, encouraging
+rebellion against the Sandinista government.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10698" NEWID="5785">
+<DATE>17-MAR-1987 00:11:18.76</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4048&#31;reute
+u f BC-TAIWAN-1986-BALANCE-O   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN 1986 BALANCE OF PAYMENTS SURPLUS IS RECORD</TITLE>
+<DATELINE>    TAIPEI, March 17 - </DATELINE><BODY>Taiwan's balance of payments surplus
+widened to a record 16.62 billion U.S. Dlrs in calendar 1986
+from 9.35 billion in 1985, the central bank said.
+    A bank official attributed the increase mainly to Taiwan's
+growing trade surplus, which increased to a record 16.8 billion
+U.S. Dlrs in 1986 from 11.2 billion in 1985.
+    He said the deficit on invisible trade narrowed to 740 mln
+U.S. Dlrs from 1.97 billion.
+    Invisible earnings rose to 6.77 billion from 5.09 billion
+while invisible spending climbed to 7.51 billion from 7.06
+billion, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10699" NEWID="5786">
+<DATE>17-MAR-1987 00:13:01.09</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>usa</D><D>belgium</D><D>japan</D></PLACES>
+<PEOPLE><D>de-clercq</D><D>yeutter</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4049&#31;reute
+u f BC-EC-WARNS-U.S.-AND-JAP   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC WARNS U.S. AND JAPAN ON TRADE TENSIONS</TITLE>
+<DATELINE>    BRUSSELS, March 17 - </DATELINE><BODY>The European Community (EC) yesterday
+warned Japan and the United States, its main trading partners,
+that friction over trade issues is affecting the EC's relations
+with both countries.
+    EC foreign ministers issued a statement deploring Japan's
+continued trade imbalance and appealed for the country to make
+a greater effort to open up its markets. They also said they
+were disturbed by a draft bill before the U.S. Congress that
+would impose permanent quotas on textile imports and were
+prepared to react. The U.S. Administration has already
+distanced itself from the bill.
+    EC External Trade Commissioner Willy De Clercq has written
+to his U.S. Counterpart, Trade Representative Clayton Yeutter,
+outlining the EC's concerns.
+    The statement said ministers were very disturbed by U.S.
+Moves towards protectionism. "The adoption of such measures
+would not fail to have a negative effect on the process of
+multilateral negotiations just started, as well as on bilateral
+relations," it said.
+    Any unilateral U.S. Moves would leave the EC no option but
+to react according to the laws of the General Agreement on
+Tariffs and Trade, it said.
+    In a separate statement on Japan, the EC ministers said
+they "deplore the continued aggravation of the imbalance in
+trade (and) expect Japan to open up its market more."
+    The statement said the EC would continue to insist that
+Japan boost imports and stimulate domestic demand.
+    Ministers also called on the EC Commission to prepare a
+report on U.S.-Japanese trade for July this year to enable them
+to take appropriate action where necessary.
+    One diplomat said the call for a report showed ministers
+were determined not to let the Japanese question drop. "It will
+be back on the table again and again," the diplomat said.
+    De Clercq, talking to journalists during the meeting, said,
+"There is a certain nervousness, a growing impatience within the
+Community concerning trade relations with Japan."
+    The EC is not satisfied with Japan's inability to cut its
+trade surplus, and the Commission has adopted a tough approach
+on imports of goods such as Japanese photocopiers, where it has
+imposed 20 pct anti-dumping duties.
+    But diplomats said the EC is keen to negotiate with Tokyo
+to solve the problem rather than embark on a costly and
+damaging trade war, and the ministers called for more
+cooperation with Japan in industry and research.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10700" NEWID="5787">
+<DATE>17-MAR-1987 00:18:44.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4054&#31;reute
+u f BC-CATHAY-PACIFIC-1986-P   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATHAY PACIFIC 1986 PROFIT SEEN ABOVE TARGET</TITLE>
+<AUTHOR>    By Allan Ng, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, March 17 - </DATELINE><BODY>Buoyed by low fuel prices and
+favourable currency factors, Cathay Pacific Airways Ltd's
+&lt;CAPH.HK> 1986 profits are expected to surpass the airline's
+forecast of one billion H.K. Dlrs, stock analysts said.
+    Analysts said they expect the airline to show net earnings
+of between 1.1 billion and 1.25 billion dlrs when it reports
+results tomorrow for its first year as a public company.
+    Cathay, 51 pct owned by Swire Pacific Ltd &lt;SWPC.HK>, made
+its earnings forecast in the prospectus for its flotation in
+May last year.
+    Cathay is expected to pay a 13-cent final dividend, making
+a total of 19 cents for the year, as forecast in the
+prospectus, analysts polled by Reuters said.
+    They said the airline's performance improved in the second
+half of the year after it reported interim profits of 503 mln
+dlrs.
+    The weakness of the local currency, pegged at 7.80 to one
+U.S. Dollar, and low fuel prices moved further in the company's
+favour from the assumptions made in the prospectus at the time
+of the flotation, James Capel (Far East) Ltd said.
+    James Capel estimates average fuel prices for the airline
+industry in 1986 at 63 U.S. Cents per gallon, 27 pct below the
+1985 level. It said a one pct movement in fuel prices would
+affect Cathay's net profits by 10 mln dlrs and forecast profits
+of 1.25 billion dlrs.
+     Analysts said the company's estimates of fuel price and
+currency movements set out in its prospectus were conservative.
+    "This is reflected in their interim results which showed
+that profit margin has increased," said Frederick Tsang of
+Mansion House Securities (F.E.) Ltd.
+    Cathay's six-month turnover rose 19.8 pct from year-earlier
+levels, but profits rose 69 pct.
+    The rise in oil prices in late 1986 had little impact on
+the company's fuel oil bill last year, as aviation fuel prices
+usually lag behind crude price movements by several months,
+analysts said.
+    By last September the yen had risen some 54 pct against the
+Hong Kong dollar from the end of 1985, the mark 43 pct and
+sterling 12 pct.
+    "Overall the weakness of the Hong Kong dollar against
+Cathay's major trading currencies helped push passenger yields
+in the first half up 7.2 pct," said James Capel. "This should
+continue through the second half to enable passenger yields to
+end the year up 7.6 pct."
+    A strong performance from the 2.9 billion dlrs in cash
+under management also improved profits, James Capel said.
+    A general improvement in air traffic last year contributed
+to Cathay's revenue increase, but the company's load factor
+declined because of increased competition and an expansion of
+its fleet and services.
+    James Capel estimated Cathay's passenger-kilometres flown
+last year rose six pct from 1985 and freight-kilometres flown
+climbed 17 pct, though the airline's load factor probably fell
+to 68.8 pct from 70 pct.
+    "Cathay added new planes, and was forced to fly some routes
+last year because of the threat of competition from Dragon Air,"
+said Tsang. "This affected its load factor."
+    Fear of possible competition from fledgling carrier &lt;Hong
+Kong Dragon Airways Ltd> may have contributed to Cathay's
+decision to resume service to New Zealand last year, analysts
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10701" NEWID="5788">
+<DATE>17-MAR-1987 00:20:59.50</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f4055&#31;reute
+u f BC-RENISON-GOLDFIELDS-EX   03-17 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENISON GOLDFIELDS EXTENDS LYELL COPPER MINE LIFE</TITLE>
+<DATELINE>    SYDNEY, March 17 - </DATELINE><BODY>The Renison Goldfields Consolidated Ltd
+&lt;RGFJ.S> (RGC) Mt Lyell copper mine in Tasmania will stay open
+for an extra five years following a new aid package from the
+state government, RGC said in a statement.
+    The mine had been scheduled to close in 1989 after the 40
+series stopes were mined, but will now stay open until the
+deeper 50 and 60 series have played out, probably in 1994.
+    The Australian dollar's fall since 1985 also improved the
+local dollar copper price, making the company profitable and
+justifying the mining of deeper reserves at a copper grade of
+about 1.95 pct against about 1.60 pct now, the firm said.
+    Ore output will be cut, but the higher grades will keep
+contained-copper output at current levels of about 24,000
+tonnes a year, it said. Capital expenditure of about 18 mln
+dlrs will be required over the life of the new plan, RGC said.
+    The latest aid package is the third since 1977 for RGC, a
+major employer in Queenstown on the thinly populated west coast
+of Tasmania.
+    The mine was kept open in 1985 after Tasmania gave RGC 10
+mln dlrs in aid. The new package includes an eight mln dlr
+advance to RGC at the long-term bond rate, power concessions
+and deferred royalties and payroll taxes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10702" NEWID="5789">
+<DATE>17-MAR-1987 00:29:59.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4063&#31;reute
+u f BC-NEW-ZEALAND-PRESS-GRO   03-17 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND PRESS GROUP BUYS MORE TEXAS NEWSPAPERS</TITLE>
+<DATELINE>    WELLINGTON, March 17 - </DATELINE><BODY>&lt;Independent Newspapers Ltd> (INL)
+said it bought two more community newspapers in Houston, Texas,
+through a subsidiary there, for an undisclosed sum.
+    INL said in a statement &lt;Houston Community Newspapers Inc>
+bought the South West Advocate and the South Bend Advocate,
+with combined circulation of 74,000 copies, and associated
+assets, from &lt;The Advocate Communications Corp Inc>.
+    INL publishes Wellington's morning and evening newspapers
+as well as New Zealand provincial dailies and newspapers in
+Rhode Island. Just under 40 pct of INL is owned by &lt;News Ltd>,
+an Australian subsidiary of News Corp Ltd &lt;NCPA.S>.
+    Production and administration of the two publications would
+be transferred to the company's existing centre in Houston. INL
+said the acquisition took effect on March 1.
+    INL chairman Alan Burnet said the purchase would enable the
+subsidiary to offer advertisers a combined distribution of nine
+community newspapers to 340,000 homes in the greater Houston
+area. Trading conditions in the area are particularly difficult
+because the city's economy depends to a large extent on the
+fortunes of the petroleum industry, but the situation should
+improve in the medium to long term and the investment will
+prove to be sound, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10703" NEWID="5790">
+<DATE>17-MAR-1987 00:35:53.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4069&#31;reute
+u f BC-INDIA-PREPARES-TO-LAU   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA PREPARES TO LAUNCH INTERCONTINENTAL ROCKET</TITLE>
+<DATELINE>    BANGALORE, India, March 17 - </DATELINE><BODY>India is preparing to launch
+its first intercontinental-range rocket, which it insists is
+part of a purely peaceful space program.
+    But a space department official who did not wish to be
+identified said the Augmented Space Launch Vehicle (ASLV), with
+the range of an intercontinental rocket and able to carry a
+150-kg satellite, could be converted into a weapon after
+modifications.
+    Space Commission Chairman Udipi Ramachandra Rao said the
+ASLV will be launched between March 20 and April 5, depending
+on weather and other factors.
+    "This launch will pave the way for the most important stage,
+by the end of 1989, when we test the Polar Space Launch Vehicle
+(PSLV)," Rao told Reuters.
+    The space department official said the PSLV would be able
+to launch 1,000-kg satellites into polar orbit.
+    Rao said a successful ASLV launch could speed up the space
+program slightly but was not likely to solve the problem of a
+backup satellite for India's Insat 1B.
+    Insat 1B handles telephone communications, controls 182 of
+the country's 187 television stations and provides
+meteorological data for farmers.
+    "It is a great worry that we do not have a second satellite
+to back up Insat 1B in case it fails. Even with Insat 1C's
+launch by Ariane in the first quarter of 1988, we will still be
+in trouble because the life of Insat 1B ends in 1989," Rao said.
+    He said India plans to send up Insat 1D as soon as possible
+as a backup for Insat 1C, but will have to wait for a place on
+a NASA or Ariane launch vehicle. "We can't use Soviet vehicles
+because the satellites are made in the United States," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10704" NEWID="5791">
+<DATE>17-MAR-1987 00:38:58.38</DATE>
+<TOPICS><D>veg-oil</D><D>soy-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f4073&#31;reute
+u f BC-U.S.-AGRICULTURE-SECR   03-17 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AGRICULTURE SECRETARY WARNS EC ON SOY OIL TAX</TITLE>
+<DATELINE>    CHAMPAIGN, Ill., March 17 - </DATELINE><BODY>U.S. Agriculture Secretary
+Richard Lyng warned the European Community yesterday it will
+face serious retaliation if it enacts a new tax on products
+such as U.S. Soybean oil.
+    Speaking at a news conference before a scheduled speech,
+Lyng said he did not think the tax, which is still in the
+discussion stage, would be approved.
+    He said the U.S. Would take serious retaliatory action
+because if implemented, the tax would have a considerable
+impact on U.S. Farmers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10705" NEWID="5792">
+<DATE>17-MAR-1987 00:45:54.08</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f4075&#31;reute
+u f BC-KOBE-RUBBER-EXCHANGE   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOBE RUBBER EXCHANGE TO EXTEND TRADING HOURS</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>The Kobe Rubber Exchange said it will
+extend its trading hours from May 1 to enable more operators to
+use the exchange.
+    Subject to Ministry of International Trade and Industry
+approval, the Exchange will add a sixth session starting at
+1700 local time, and will close the account for trading at the
+new session the following day before the opening call starts at
+0930 local time, an Exchange official said.
+    Trading on the Singapore rubber market, a major producer
+price indicator for Japanese end-users, is usually active after
+the end of the current final session here.
+    The introduction of the new session will enable
+participants to trade overnight after taking account of
+Singapore rubber prices, because brokers and members who are
+designated by the Kobe Exchange are allowed to add the volume
+traded overnight to the new final session before the opening
+session starts next day, the official said.
+    But because the Kobe Exchange uses the auction system which
+sets a fixed price at each session, the price of contracts
+traded overnight should be a fixed price settled at the sixth
+session, he added.
+    Industry sources said they expected the Ministry to approve
+the plan because it has encouraged the Japanese futures
+industry to expand and internationalise.
+    The Tokyo Commodity Exchange for Industry, TOCOM, which
+also trades rubber futures in Japan, said it has no plans to
+introduce an extra session.
+    TOCOM also has five rubber trading sessions a day. Four
+sessions start 15 minutes later than Kobe Exchange sessions,
+but both Exchanges' final sessions start at the same time.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10706" NEWID="5793">
+<DATE>17-MAR-1987 00:56:04.47</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4084&#31;reute
+u f BC-COASTAL-&lt;CGP>-SEEKS-T   03-17 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL &lt;CGP> SEEKS TO HALT BILLION DLR LAWSUIT</TITLE>
+<DATELINE>    HOUSTON, March 17 - </DATELINE><BODY>Coastal Corp said a federal bankruptcy
+court will hear its request today for a restraining order to
+stop a two billion dlr lawsuit against it by &lt;TransAmerican
+Natural Gas Corp>.
+    TransAmerican, which entered Chapter 11 bankruptcy
+proceedings in 1983 to reorganise its debts, filed the lawsuit
+to block Coastal from taking control.
+    Coastal spokesman Jim Bailey confirmed the company, which
+is an unsecured creditor of TransAmerican, would present its
+own reorganisation plan to the bankruptcy court.
+    Under the plan, Coastal would buy the natural gas reserves
+and pipeline system owned by TransAmerican in Texas for an
+undisclosed amount.
+    TransAmerican lawyer John Nabors said the company values
+its total assets, including an unused oil refinery, at about
+one billion dlrs.
+    The company, the second-largest natural gas producer in
+Texas, said it has gas reserves of 1.2 trillion cubic feet and
+over 1,000 miles of pipeline and gas gathering lines.
+    About 80 pct of TransAmerican's gas is available for spot
+market sales in Texas during peak demand, it said.
+    Nabors said the TransAmerican reorganisation would repay
+its 770 mln dlr debt with profits from natural gas sales. The
+lawsuit seeks one billion dlrs in actual damages and one
+billion in punitive damages from Coastal.
+    Coastal has been trying to break into the Texas gas market
+since 1979, when it was forced to sell &lt;Lo-Vaca Gas Gathering
+Co> to settle over 1.6 billion dlrs in lawsuits by Texas
+customers facing abrupt curtailment of supply.
+    Coastal, a natural gas producer and pipeline company,
+earned 71.6 mln dlrs on sales of 6.7 billion in 1986, about
+half the its 1985 profits, due to slumping energy prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10707" NEWID="5794">
+<DATE>17-MAR-1987 01:03:11.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4090&#31;reute
+u f BC-INDIAN-THERMAL-POWER   03-17 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN THERMAL POWER FIRM GETS 169 MLN MARK CREDIT</TITLE>
+<DATELINE>    HONG KONG, March 17 - </DATELINE><BODY>India's state owned &lt;National Thermal
+Power Corp Ltd> signed a 169.1 mln mark Italian buyer's credit,
+Bankers Trust Co, a joint lead manager, said.
+    The 15-1/2 year facility, with a six year grace period,
+carries fixed interest of 6.48 pct. It is guaranteed by the
+Indian government with an interest subsidy provided by Italy's
+export credit agency, Mediocredito Centrale.
+    The lead managers are the State Bank of India, Grindlays
+Bank Plc and MecFint (Jersey) Ltd. Managers are Dresdner (South
+East Asia) Ltd, Mitsui Trust and Banking Co Ltd and the UCO
+Bank. Co-manager is DB Asia Finance (HK) Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10708" NEWID="5795">
+<DATE>17-MAR-1987 01:18:26.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4096&#31;reute
+f f BC-TOKYO-STOCK-MARKET-AV   03-17 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TOKYO STOCK MARKET AVERAGE RISES 99.36 TO RECORD CLOSING HIGH OF 21,514.73
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10709" NEWID="5796">
+<DATE>17-MAR-1987 01:28:02.49</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4098&#31;reute
+u f BC-STUDY-PREDICTS-U.S.-D   03-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STUDY PREDICTS U.S. DEPENDENCE ON FOREIGN OIL</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>A government study has concluded the
+U.S. Will be dependent on oil from the middle east into the
+next century and must take steps to reduce its vulnerability,
+the New York Times said.
+    The newspaper said the inter-agency government study found
+a serious oil-dependency problem due to steadily falling
+domestic production and rising demand for imported oil.
+    The study concluded that by 1995 the U.S. Will be relying
+on foreign countries for 50 pct of its oil, more than the peak
+of 48 pct reached in 1977 and far above the 33 pct rate during
+the 1973-74 Arab oil embargo.
+    The U.S. Now imports about 38 pct of its oil needs, up from
+27 pct a year ago, the New York Times said.
+    It said recommendations sent to the White House by Energy
+Secretary John Harrington include financial incentives to raise
+domestic oil production by one mln barrels a day from the
+current 8.4 mln barrels.
+    The newspaper said the administration has placed increased
+emphasis on stockpiling oil reserves. It said the view now held
+is that the Strategic Petroleum Reserve to be tapped in times
+of shortages, should be increased by 100,000 barrels a day,
+rather than 35,000 as called for in the 1988 budget.
+   The newspaper said Harrington may propose restoring the
+depletion allowance to major producers.
+    "The administration also plans to renew its efforts to
+...Repeal the windfall profits tax, remove bars to drilling on
+the outer continental shelf and repeal the law that limits the
+use of natural gas in industrial and utility boilers," it added.
+    The New York Times quoted Senator Don Nickles of Oklahoma
+as saying the study greatly underestimated potential U.S.
+Demand for imported oil in the next decade and overestimated
+the amount of domestic oil which would be produced.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10710" NEWID="5797">
+<DATE>17-MAR-1987 01:47:27.54</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4107&#31;reute
+f f BC-JAPAN-M-2-PLUS-CD-MON   03-17 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JAPAN M-2 PLUS CD MONEY SUPPLY ROSE 8.8 PCT IN YEAR TO FEBRUARY (JAN 8.6) - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10711" NEWID="5798">
+<DATE>17-MAR-1987 01:52:02.73</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4110&#31;reute
+b f BC-JAPAN-FEBRUARY-MONEY   03-17 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FEBRUARY MONEY SUPPLY RISES 8.8 PCT</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Japan's broadly defined money supply
+average of M-2 plus certificate of deposits (CDs) rose a
+preliminary 8.8 pct in February from a year earlier, compared
+with an 8.6 pct rise in January, the Bank of Japan said.
+    The seasonally adjusted February average of M-2 plus CDs
+supply rose 0.8 pct from January, it said.
+    Unadjusted M-2 plus CDs stood at an average 336,000 billion
+yen in February compared with 337,100 billion yen in January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10712" NEWID="5799">
+<DATE>17-MAR-1987 02:28:26.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4132&#31;reute
+u f BC-MALAYSIA-PLANS-1.6-BI   03-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA PLANS 1.6 BILLION RINGGIT LOAN ISSUE</TITLE>
+<DATELINE>    KUALA LUMPUR, March 17 - </DATELINE><BODY>The Malaysian government said it
+is issuing 1.6 billion ringgit worth of loan stock on the
+domestic money market, a treasury statement said.
+    The issue, the first such offering this year, will comprise
+250 mln ringgit of eight-year stock at 6.6 pct, 700 mln of
+10-year stock at 6.8 pct and 650 mln of 21-year stock at 7.6
+pct, all prices at par, it said.
+    The issue is open with immediate effect and will close when
+fully subscribed, the statement said.
+    Proceeds will be used to finance development.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10713" NEWID="5800">
+<DATE>17-MAR-1987 02:46:11.98</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f4141&#31;reute
+u f BC-CHINA-TO-IMPORT-MORE   03-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TO IMPORT MORE GRAIN IN 1987</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    HANGZHOU, China, March 17 - </DATELINE><BODY>China's grain imports will rise
+in 1987 because of a serious drought and increasing demand, but
+will be not be as large as in the past, Chinese officials and
+Japanese traders told Reuters.
+    They said foreign exchange constraints and national policy
+would not allow a return to large-scale imports, which peaked
+at 16.15 mln tonnes in 1982.
+    An agricultural official of the Shanghai government put
+maximum imports at about 10 mln tonnes this year, against 7.73
+mln in 1986 and 5.97 mln in 1985.
+    Officials said grain imports rose in 1986 because of a poor
+harvest and rising domestic demand, but remained below exports,
+which rose to 9.42 mln tonnes from 9.33 mln in 1985.
+    "China is short of foreign exchange," the Shanghai official
+said. "We cannot rely on imports, even at current low world
+prices. Only if there is a major disaster will we become a
+major importer."
+    A Japanese trader in Peking said Chinese grain imports
+would rise and exports fall this year because of the drought,
+low world prices and rising domestic demand for human and
+animal consumption.
+    "At current prices, China loses yuan on every tonne of grain
+it exports, though it earns foreign exchange which it badly
+needs," the trader said.
+    The People's Daily said last Saturday a serious drought is
+affecting 13.3 mln hectares of arable land, which will reduce
+the summer grain harvest from last year's level.
+    The paper added that leaders in some areas were not paying
+enough attention to agriculture, especially grain, making it
+difficult to achieve the 1987 grain output target of 405 mln
+tonnes against 391 mln in 1986.
+    "All areas must spare no effort to raise the autumn harvest
+area, especially of corn, sweet potatoes, paddy rice and
+high-yield cash crops," it said.
+    It added factory production might have to be reduced to
+provide electricity for agriculture if it was needed to fight
+the drought.
+    Since January, the press has devoted much attention to
+grain, stressing that growth in output is vital to China's
+economic and political stability and that prices paid to
+farmers are too low.
+    Officials in east China have repeatedly said stable grain
+production is a key state policy and outlined the measures
+being taken in their areas to encourage output.
+    The Shanghai official said that in one suburb, 10 pct of
+the pre-tax profits of factories are used to subsidise
+agriculture. He said rural industries in other suburbs also set
+aside money for grain and pay the salaries of some of the
+70,000 workers available to help farmers.
+    Chu Jinfeng, an official of Fengbing county outside
+Shanghai, said factory workers get 60 yuan a month and three
+years unpaid leave to grow grain and can keep the profits.
+    Pan Huashan, an official of the agricultural department of
+Zhejiang Province, said rural industry also subsidises grain
+output in his province.
+    "In addition, we are setting up grain production bases,
+raising the level of science and technology on the farms and
+improving the supply of raw materials, roads and other
+infrastructure," he said.
+    The Shanghai official said rural residents who work in
+industry or commerce usually keep their land to farm in their
+spare time, or let other family members farm it. In some cases,
+they lease the land to grain farmers.
+    The China Daily said last month that grain output should
+reach between 425 and 450 mln tonnes by 1990 and between 480
+and 500 mln by 2000. It said growing grain should be made
+profitable.
+    "The advantages the state promises grain growers actually
+yield tangible profits for them and are not siphoned off by
+intermediate agencies because of bureaucracy or corruption.
+Only this will boost enthusiasm," it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10714" NEWID="5801">
+<DATE>17-MAR-1987 02:46:48.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D><D>north-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4142&#31;reute
+u f BC-SOUTH-KOREA-PREMIER-O   03-17 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA PREMIER OFFERS TALKS WITH NORTH KOREA</TITLE>
+<DATELINE>    SEOUL, March 17 - </DATELINE><BODY>South Korea proposed a meeting of prime
+ministers to improve relations with North Korea, but said the
+two countries must first restore mutual trust.
+    South Korean Prime Minister Lho Shin-yong proposed in a
+letter to his North Korean counterpart Li Gun-mo that they meet
+to "discuss ... Various issues raised by the two sides to
+improve relations and ease tension."
+    The letter, released to the media by a government
+spokesman, said if the proposed meeting took place it would
+open the way for summit talks between South Korean President
+Chun Doo Hwan and North Korean leader Kim Il-sung.
+    The letter was in reply to a recent North Korean call for
+high-level political and military talks.
+    Lho said the prime ministers could discuss any proposal to
+be made by the North, once "the minimum conditions for mutual
+trust have been created by the convening of a water resources
+meeting and the resumption of the suspended dialogues."
+    Lho was referring to discussions on a controversial
+northern dam project Seoul has said is aimed at flooding large
+areas of the South, and to a resumption of stalled talks on
+trade and humanitarian issues.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10715" NEWID="5802">
+<DATE>17-MAR-1987 02:53:25.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>syria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4147&#31;reute
+u f BC-SYRIA-PROPOSES-REDUCE   03-17 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYRIA PROPOSES REDUCED BUDGET FOR 1987</TITLE>
+<DATELINE>    DAMASCUS, March 17 - </DATELINE><BODY>The government proposed a 1987 budget
+of up to 41.7 billion Syrian pounds, a 4.8 pct decrease from
+last year's allocation.
+    Finance minister Qahtan Seyoufi told parliament last night
+the reduction was due mainly to a cut in investment
+allocations.
+    Planned recurrent spending of 24.2 billion pounds, almost
+unchanged from 1986, took account of national security needs
+and "Syria's role in steadfastness and liberation," he said.
+    The budget, which is still subject to approval by
+parliament and by President Hafez al-Assad, also aims to meet
+mounting spending on education, health and essential imports.
+    Power and water projects would take up 43.5 pct of
+investment allocations of 17.5 billion pounds and agriculture
+about 20 pct, Seyoufi said.
+    The budget's basic goals were to restrict current spending,
+curb inflation and step up reliance on local resources, he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10716" NEWID="5803">
+<DATE>17-MAR-1987 02:59:56.33</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4153&#31;reute
+f f BC-Japan-October/Decembe   03-17 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan October/December GNP up 0.8 pct (July/Sept revised 0.7 rise) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10717" NEWID="5804">
+<DATE>17-MAR-1987 03:00:00.33</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4154&#31;reute
+f f BC-Japan-GNP-rises-2.5-p   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan GNP rises 2.5 pct in calendar 1986 (4.7 pct in 1985) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10718" NEWID="5805">
+<DATE>17-MAR-1987 03:00:43.54</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4155&#31;reute
+f f BC-JAPAN-OCTOBER/DECEMBE   03-17 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN OCTOBER/DECEMBER GNP RISES 0.8 PCT</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Japan's gross national product (GNP) rose
+a real 0.8 pct in the October/December quarter after an
+upwardly revised 0.7 pct increase the previous three months,
+the Economic Planning Agency (EPA) said.
+    The rise in the July/September quarter had originally been
+put at 0.6 pct. The annualized growth rate accelerated to 3.2
+pct in October/December from 3.0 pct in July/September.
+    In the 1986 calendar year, GNP rose 2.5 pct, after a 4.7
+pct increase in 1985. Last year's performance was the worst
+since 1974, when GNP fell 1.4 pct. Agency officials blamed the
+strong yen for depressing exports and manufacturing industry.
+    In nominal terms, GNP rose 0.5 pct in the October/December
+quarter, reflecting stable prices, after a one pct increase in
+the previous three months, the Agency said.
+    Domestic real demand increased 0.6 pct in October/December,
+after a one pct rise the previous quarter.
+    Domestic demand contributed 0.5 percentage point to real
+GNP growth in October/December, while foreign trade added 0.2.
+The figures do not tally exactly due to rounding.
+    In July/September, domestic demand contributed one
+percentage point to GNP growth while foreign trade knocked off
+0.3 point.
+    Of the 0.2 point contribution of foreign trade to GNP last
+quarter, falling exports knocked off 0.2 while falling imports
+contributed 0.4 point.
+    Total export volume fell 1.2 pct quarter on quarter in
+October/December. Imports also fell, by 2.9 pct.
+    Of the 0.5 point contribution of domestic demand to
+October/December GNP growth, the private sector accounted for
+0.4 point and the public sector, 0.2.
+    The private sector contribution included 0.3 point for
+housebuilding, 0.4 for corporate capital outlays and 0.1 for
+stockbuilding. Consumer spending had a 0.4 negative impact.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10719" NEWID="5806">
+<DATE>17-MAR-1987 03:18:09.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4182&#31;reute
+u f BC-COMMONWEALTH-BANK-PLA   03-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH BANK PLANS 500 MLN DLR PAPER FACILITY</TITLE>
+<DATELINE>    SYDNEY, March 17 - </DATELINE><BODY>&lt;The Commonwealth Bank of Australia>
+said it was preparing a 500 mln dlr commercial paper facility
+aimed at establishing a new Australian dollar denominated paper
+market in Asia.
+    Commonwealth senior manager Graham Hand told Reuters the
+facility was the first in a program modelled on the U.S.
+Commercial paper market.
+    Hand said the bank was still putting together its dealing
+panel and would begin discussing the facility with potential
+customers in Hong Kong, Singapore and Tokyo next month. It
+hoped to launch the facility soon afterwards, he said.
+    The paper would be investor driven with the bank gauging
+demand through the dealing panel which would also offer a
+liquid secondary market, Hand said.
+    For flexibility the bank would post yields daily to dealers
+on an absolute rate basis providing a range of short term
+maturities. The paper would be issued at a discount and
+guaranteed by the Australian government, Hand said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10720" NEWID="5807">
+<DATE>17-MAR-1987 03:20:35.66</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4184&#31;reute
+b f BC-JAPAN-OFFICIALS-SEE-D   03-17 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN OFFICIALS SEE DIFFICULTY HITTING GNP TARGET</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>The government will find it very
+difficult to achieve its new gross national product (GNP)
+forecast of three pct growth in the fiscal year ending March
+31, Economic Planning Agency officials said.
+    They made the comment to reporters after news that GNP rose
+0.8 pct in the October/December quarter, after a 0.7 pct
+increase the previous three months.
+    For Japan to achieve three pct growth in 1986/87, GNP in
+the January/March period would have to grow 2.6 pct from
+October/December, the officials said. The government lowered
+its GNP forecast for 1986/87 from four pct last December.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10721" NEWID="5808">
+<DATE>17-MAR-1987 03:30:54.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4193&#31;reute
+u f BC-FAIRCHILD-DEAL-FAILUR   03-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAIRCHILD DEAL FAILURE SEEN MAKING JAPANESE WARY</TITLE>
+<AUTHOR>    By Linda Sieg, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Schlumberger Ltd's &lt;SLB.N> decision to
+end an agreement in principle for Fujitsu Ltd &lt;ITSU.T> to buy
+80 pct of its &lt;Fairchild Semiconductor Corp>, and the political
+furore that surrounded the proposed sale, will make Japanese
+companies more cautious in their efforts to acquire U.S. High
+technology firms but will not halt such attempts, industry
+analysts said.
+    The collapse of the deal will not be a critical blow to
+Fujitsu but it will boost the cost of future U.S. Expansion by
+the Japanese firm, said analysts polled by Reuters.
+    "The acquisition of Fairchild is not essential to Fujitsu's
+North American operations, but it would have been a great
+boost," James Capel and Co analyst Tom Murtha said.
+    French-controlled Schlumberger said yesterday it was ending
+the agreement because mounting political controversy in the
+U.S. Made it unlikely that the sale of the Fairchild stake
+could be completed in a reasonable time.
+    The sale was opposed by the U.S. Commerce Department and
+Defence Department, partly on national security grounds.
+    Fujitsu's acquisition of Fairchild would have given the
+Japanese computer maker control of a comprehensive North
+American sales and distribution system and access to
+microprocessor technology, an area where Fujitsu is weak,
+analysts said.
+    The deal would also have given Fujitsu 14 additional
+microchip production facilities worldwide, eight of them in the
+U.S., A report by the Capel firm said.
+    "It was an entry point, a port for semiconductors and a
+marketing channel for other things," said Barclays de Zoete Wedd
+analyst Rick May.
+    Several analysts said the purchase would not have given
+Fujitsu access to critical defence technology.
+    "(Fairchild) simply doesn't have key technology -- that's a
+thing of the past," May said.
+    The failure could be a blessing in disguise for Fujitsu as
+it might have had to spend several hundred million dollars to
+modernise Fairchild's production lines, Capel's Murtha said.
+    The failure of the deal will doubtless encourage Japanese
+firms to take a lower profile in attempts to acquire U.S. High
+tech firms but they are unlikely to stop, analysts said.
+    Most analysts said Fujitsu was likely to go the more costly
+route of expanding its own production and distribution
+facilities in the U.S., Although some said it could use the
+estimated 200 mln dlrs set aside for buying Fairchild to try to
+acquire some less politically symbolic firm.
+    "It may slow the pace of Japanese acquisitions, but the
+necessity of expanding their production and design capacity in
+America remains," said Capel's Murtha. "The Japanese will
+continue to shop for bargains, but it will be harder to find
+ones that are politically acceptable."
+    Japanese firms are likely to favour joint ventures or
+smaller equity stakes in firms to avoid the political backlash
+that blocked the Fairchild sale, analysts said. "They're not
+going to slow up, they're just going to buy smaller pieces ...
+Because of the political risk," said Barclays de Zoete's May.
+    Several Japanese firms have already taken 10 to 30 pct
+shares in smaller U.S. High technology firms such as super
+minicomputer makers, he said.
+    Opposition of the sort that blocked Fujitsu could end up
+harming U.S. Firms and undermining a trend toward multinational
+tie-ups, some analysts said.
+    "This is not really of benefit to U.S. Firms either," said
+Jardine Fleming (Securities) Ltd analyst Nick Edwards. "The
+pooling of resources in semiconductors is a positive move --
+why should the government step in to prevent it?"
+    Japan's Minister of International Trade and Industry Hajime
+Tamura told a press conference that interference by U.S.
+Government officials in the Fairchild deal was inappropriate.
+    "This is entirely a private sector matter and not a matter
+for governments' comment," Tamura said. "I think it was improper
+for U.S. Government officials to intervene to the extent they
+did," he said.
+    A spokesman told Reuters the ministry's view is that
+international investment flows ought to be free and that such
+flows are of increasing importance in line with the growing
+closeness of U.S.-Japanese economic ties.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10722" NEWID="5809">
+<DATE>17-MAR-1987 03:43:15.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4220&#31;reute
+b f BC-BANK-OF-JAPAN-TO-SELL   03-17 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 300 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>The Bank of Japan will sell 300 billion
+yen of financing bills tomorrow under a 55-day repurchase
+accord maturing on May 12, money traders said.
+    The bills are meant to soak up a projected money market
+surplus due largely to coupon and principle payments of a
+previously issued Japanese National Railways bond.
+    The yield on the bills for sales to banks and securities
+houses from money houses will be 3.9497 pct against the 3.9375
+pct discount rate for two-month commercial bills and the
+4.43/32 pct yield on two-month certificates of deposit today.
+The sale will raise the bill supply to 1,500 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10723" NEWID="5810">
+<DATE>17-MAR-1987 03:51:37.00</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4230&#31;reute
+u f BC-S.KOREA-SAYS-JAPAN-CO   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S.KOREA SAYS JAPAN COMPLAINS TO GATT ON TRADE PLAN</TITLE>
+<DATELINE>    SEOUL, March 17 - </DATELINE><BODY>Japan has complained to the secretariat
+of the General Agreement on Tariffs and Trade (GATT) that South
+Korea's five-year plan to cut its trade deficit with Japan
+breaks GATT rules, Trade Ministry officials here said.
+    They said Japan submitted a report earlier this month
+alleging South Korea's plan to import less from Japan and more
+from the U.S. And elsewhere was tantamount to creating
+non-tariff trade barriers.
+    South Korea unveiled the plan in November. It said it hoped
+to narrow its trade deficit with Japan to two billion dlrs by
+1991.
+    South Korea's trade deficit with Japan was a record 5.45
+billion dlrs in 1986, and rose to 752 mln dlrs in the first two
+months of 1987 from 727 mln in the same 1986 period.
+    The plan envisages giving incentives to importers not to
+import Japanese goods, and to exporters to sell more to Japan.
+    The officials said they believed the Japanese action, one
+step short of filing a suit, was designed to bring South Korea
+to the negotiating table and stop the plan.
+    The Seoul government wants Tokyo to ease various import
+restrictions and simplify customs inspections for South Korean
+goods to help reduce the trade deficit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10724" NEWID="5811">
+<DATE>17-MAR-1987 03:56:12.67</DATE>
+<TOPICS><D>money-fx</D><D>austdlr</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4238&#31;reute
+u f BC-AUSTRALIAN-CURRENCY-T   03-17 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN CURRENCY TRADING SET RECORD IN JANUARY</TITLE>
+<DATELINE>    SYDNEY, March 17 - </DATELINE><BODY>Spot volume in the Australian foreign
+exchange market jumped to a record 22.63 billion dlrs a day in
+January from 16.18 billion in December and 8.27 billion a year
+earlier, the Reserve Bank said in its monthly bulletin.
+    The previous record was 17.51 billion dlrs last August.
+    The peak broke a steady trading trend of 15 to 17 billion
+dlrs a day seen in the second half of 1986.
+    Including forward deals, total deliverable volume was 27.01
+billion dlrs a day (13.43 billion against the Australian
+dollar) against 19.56 billion (8.48 billion) in December and
+9.92 billion (5.88 billion) a year earlier, the bank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10725" NEWID="5812">
+<DATE>17-MAR-1987 04:19:03.50</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f4261&#31;reute
+u f BC-JAPAN-SEEN-REDUCING-B   03-17 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SEEN REDUCING BEEF, PORK INTERVENTION PRICES</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>The Agriculture Ministry is expected to
+reduce official intervention prices for beef and pork in
+1987/88 starting in April, but the cutback ratio has not been
+set yet, industry sources said.
+    Production prices, the basis for setting intervention
+prices, have been falling because of declining compound feed
+prices due to low coarse grain import prices, they said.
+    Last November an advisory panel urged the government to
+work on reducing officially set high farm product prices to
+levels closer to international values, the sources added.
+    In Japan the government maintains a price stabilisation
+zone system for beef and pork to support domestic producers.
+    The stabilisation zone is kept by the semi-government
+Livestock Industry Promotion Corp (LIPC) through a buffer stock
+operation in the wholesale market.
+    The 1987/88 beef and pork price stabilisation zone will be
+set by the end of March after an advisory panel to the
+Agriculture Ministry recommends the price zone at a meeting on
+March 25, ministry officials said. At present, the standard or
+bottom price of castrated wagyu beef, known as marbled beef, is
+1,400 yen per kilo, while its ceiling is 1,820, they said.
+    The standard price of other beef, mainly produced from
+dairy steers, is now 1,090 yen per kilo and the ceiling is
+1,420, the officials said. The pork standard price is now 540
+yen per kilo and the ceiling 760.
+    They said the domestic beef intervention price influences
+imported beef selling prices on the domestic market.
+    Japan sets an annual beef import quota. A semi-government
+body imports most of this and releases it to wholesalers or
+processors in line with the standard price of other beef
+categories in an attempt to avoid jeoparadising domestic beef
+prices, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10726" NEWID="5813">
+<DATE>17-MAR-1987 04:26:07.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4281&#31;reute
+b f BC-SMH-ISSUES-100-MLN-SW   03-17 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMH ISSUES 100 MLN SWISS FRANC BOND WITH WARRANTS</TITLE>
+<DATELINE>    ZURICH, March 17 - </DATELINE><BODY>Swiss watchmaker SMH Societe Suisse de
+Microelectronique et d'Horlogerie is issuing a 100 mln Swiss
+franc 10-year bond with warrants to buy participation
+certificates, lead manager Union Bank of Switzerland said.
+    The bond carries a 2-1/4 pct coupon and is priced at par.
+Subscription is from March 24 to 30. The bond can be called at
+par on April 15, 1995 or 1996. Each 2,000 franc bond carries
+three warrants, each of which allows the purchase of one
+certificate, of a nominal 100 francs, at a price of 600 francs
+from June 1, 1987 until November 30, 1990. The certificates,
+created in October last year, closed at 570 francs today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10727" NEWID="5814">
+<DATE>17-MAR-1987 04:27:28.79</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4283&#31;reute
+f f BC-Danish-central-bank-c   03-17 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Danish central bank cuts overnight money market interest rate to 10.5 pct from 11 pct - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10728" NEWID="5815">
+<DATE>17-MAR-1987 04:33:43.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4286&#31;reute
+b f BC-MITSUBISHI-CHEMICAL-I   03-17 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI CHEMICAL INDUSTRIES LTD &lt;MCIT.T> YEAR</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Year ended January 31
+    Parent shr 5.73 yen vs 5.80
+    Div five yen vs same
+    Net 7.01 billion vs 6.77 billion
+    Current 24.06 billion vs 23.76 billion
+    Operating 37.62 billion vs 45.26 billion
+    Sales 630.08 billion vs 810.89 billion
+    NOTE - Company forecast for current year parent div five
+yen, net seven to eight billion, current 24 billion, sales 610
+billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10729" NEWID="5816">
+<DATE>17-MAR-1987 04:37:12.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4294&#31;reute
+b f BC-BELGIAN-STATE-LOAN-PR   03-17 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN STATE LOAN PRICED AT PAR</TITLE>
+<DATELINE>    BRUSSELS, March 17 - </DATELINE><BODY>The Belgian government's new 150
+billion franc, eight pct loan has been priced at par, a Finance
+Ministry spokesman said.
+     The eight-year loan features a call option after four
+years at 102, falling to 101-1/2 after five years and by half a
+point each year thereafter.
+    The conditions are the same as those on the most recent
+public authority loan stock issue, for the state road building
+fund Fonds des Routes.
+    Some 120 billion francs of the loan will be taken up by
+members of the issuing consortium, comprising major commercial
+banks, and the remaining 30 billion by publicly-owned credit
+institutions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10730" NEWID="5817">
+<DATE>17-MAR-1987 04:48:44.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4306&#31;reute
+b f BC-TAIWAN-CABINET-APPROV   03-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN CABINET APPROVES RECORD DEFICIT BUDGET</TITLE>
+<DATELINE>    TAIPEI, March 17 - </DATELINE><BODY>The Taiwan cabinet approved a record
+deficit budget calling for government spending of 479.67
+billion Taiwan dlrs in fiscal 1987/88 starting July 1, a
+cabinet statement said.
+    The budget, which has been submitted to parliament for
+approval in May, represents an increase in spending of 11 pct
+over the 432.06 billion dlrs budgeted for the current year.
+    The deficit will widen by 33 pct to a record 73.97 billion
+dlrs from 55.6 billion in the current year.
+    Spending on defence and foreign affairs, traditionally
+combined, will be 175.92 billion dlrs against 160.33 billion.
+    Social affairs will receive 85.37 billion dlrs against
+71.76 billion. Economic construction and communications will
+receive 82.68 billion against 85.49 billion, and education
+62.21 billion compared with 54.34 billion.
+    Public debt repayments will rise to 23.91 billion dlrs from
+17.86 billion.
+    Central government revenue from business and personal tax
+and sales from the government alchohol and cigarette monopoly
+will be 262.52 billion dlrs, 54.7 pct of the total.
+    Income from state-owned corporations will be 99.50 billion
+dlrs, accounting for 20.8 pct of the total.
+    Income from sales of property and fines imposed by the
+government will bring in 28.59 billion dlrs, 5.9 pct of the
+total.
+    The 1987/88 deficit will be covered by the issue of
+government bonds worth 59.5 billion dlrs and a budget surplus
+of 13.54 billion from the current year.
+    The cabinet allocated 16.92 billion dlrs to cover a 10 pct
+rise in civil service salaries.
+    Central government revenue, excluding proceeds from sales
+of government bonds, but including the carried over current
+year budget surplus, will rise 6.6 pct to 419.24 billion dlrs.
+    Total capital investment by the central government, local
+governments and state-owned corporations will increase 38 pct
+to 330 billion Taiwan dlrs, the statement said.
+    Capital investment covers 14 major construction projects,
+including several coal-fired power stations, highways, a
+naphtha cracking plant and an underground railway.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10731" NEWID="5818">
+<DATE>17-MAR-1987 04:54:23.42</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4317&#31;reute
+u f BC-JAPAN-FOREIGN-SHIPBUI   03-17 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FOREIGN SHIPBUILDING ORDERS RISE IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>New foreign shipbuilding orders received
+by Japanese yards in February rose to six vessels totalling
+329,999 gross tons from three ships of 79,499 tons in January,
+the Japan Ship Exporters Association said.
+    This compared with six ships of 125,150 gross tons a year
+earlier, an association official said.
+    The backlog of orders at end-February was 157 ships of 4.41
+mln gross tons against 161 ships of 4.39 mln a month earlier
+and 265 vessels of 6.81 mln a year earlier, an association
+official said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10733" NEWID="5819">
+<DATE>17-MAR-1987 05:11:18.71</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4349&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   03-17 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST AT 450 MLN STG</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The Bank of England said it forecast a
+shortage of around 450 mln stg in the money market today.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and the take-up of treasury bills will drain
+some 650 mln stg while banker's balances below target will take
+out around 50 mln stg.
+    Partly offsetting these outflows, exchequer transactions
+and a fall in note circulation will add some 200 mln stg and 50
+mln stg to the system respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10734" NEWID="5820">
+<DATE>17-MAR-1987 05:14:50.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4356&#31;reute
+b f BC-MERITOR-SAVINGS-BANK   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERITOR SAVINGS BANK LAUNCHES 200 MLN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Meritor Savings Bank, a U.S. Savings and
+loan, is issuing 200 mln dlrs of collateralised eurobonds due
+April 14, 1992 priced at 101-3/8, with a 7-1/2 pct coupon, lead
+manager Goldman Sachs International Corp said.
+    The issue is non-callable and is collateralised by U.S.
+Treasury and agency securities and cash and will be offered in
+targetted registered form. The bonds will be sold in
+denominations of 5,000 and 10,000 dlrs and listed in
+Luxembourg.
+    Fees are 1-1/4 pct for selling and 5/8 pct for management
+and underwriting combined. Payment is April 14.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10735" NEWID="5821">
+<DATE>17-MAR-1987 05:15:00.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4357&#31;reute
+u f BC-JAPAN-LINE-FLOATS-STO   03-17 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN LINE FLOATS STOCK TO HELP RESTORE SOLVENCY</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Major tanker operator Japan Line Ltd
+&lt;JLIT.T> said it will raise seven billion yen by issuing 63.66
+mln shares at 110 yen each to help reduce debt and restore
+profitability within two years.
+    Half of the sum raised will be returned to creditor banks
+which in December were asked to temporarily waive part of their
+loan repayments, it said.
+    The other half will be used to bolster operations hit by
+the yen's steep appreciation and the global shipping slump, the
+company added.
+ MORE
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10736" NEWID="5822">
+<DATE>17-MAR-1987 05:21:21.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4367&#31;reute
+u f BC-CCIC-FINANCE-LTD---YE   03-17 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCIC FINANCE LTD - YEAR TO DEC 31</TITLE>
+<DATELINE>    HONG KONG, March 17 -
+    </DATELINE><BODY>Net profit 16.66 mln H.K. Dlrs vs 11.28 mln
+    Total divs to shareholders 7.5 mln vs nil
+    Note - Firm underwrote 23 capital market issues in 1986.
+Next industrial transaction in May is syndication of a 35 mln
+U.S. Dlr loan to the Shanghai Ta Chun Tyre Project. The company
+is a joint venture merchant bank between the &lt;Bank of China>,
+&lt;First National Bank of Chicago> and the Industrial Bank of
+Japan &lt;IBJT.T>
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10737" NEWID="5823">
+<DATE>17-MAR-1987 05:21:48.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4368&#31;reute
+b f BC-SWEDISH-EXPORT-CREDIT   03-17 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH EXPORT CREDIT LAUNCHES AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Swedish Export Credit (SEK) has launched
+a novel 220 mln Australian dlr bond which will give the
+investor the option of receiving interest and principal in
+Australian dollars or marks, Warburg Securities said as lead
+manager.
+    The issue is a five-year bullet, maturing March 26, 1992,
+and carries a coupon of 7-1/2 pct and is priced at 101-3/4.
+    The coupon will be paid 75 pct in Australian dlrs, with the
+investor having the option to receive the balance in Australian
+dlrs or marks. Redemption at maturity is at par, when 50 pct
+will be paid in Australian dlrs and again the investor will be
+able to opt for the balance in one of the two currencies.
+    The exchange rate has been fixed at 1.24 Australian dlrs to
+the mark.
+    Fees total two pct and are divided 1-3/8 pct for selling
+and 5/8 pct for management and underwriting combined.
+    The bonds will be sold in denominations of 500,000
+Australian dlrs and listing will be in Luxembourg.
+    Payment is March 26.
+    The lead manager noted that the issue already has been
+pre-placed in Europe and the Far East. It is believed to be the
+largest ever issue denominated in Australian dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10738" NEWID="5824">
+<DATE>17-MAR-1987 05:22:36.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4370&#31;reute
+b f BC-GMAC-CANADA-UNIT-ISSU   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GMAC CANADA UNIT ISSUES CANADIAN DOLLAR BOND</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>General Motors Acceptance Corp Canada is
+issuing a 100 mln Canadian dlr eurobond due October 15, 1992
+paying 8-1/2 pct and priced at 101-1/2 pct, lead manager Union
+Bank of Switzerland Securities Ltd said.
+    The bond, guaranteed by parent General Motors Acceptance
+Corp, is available in denominations of 1,000 and 10,000 dlrs
+and will be listed in Luxembourg.
+   Payment date on the issue if April 15, 1987 and the first
+coupon will be short.
+    Fees for the issue comprise 1-1/4 pct selling concession
+and 5/8 pct for management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10739" NEWID="5825">
+<DATE>17-MAR-1987 05:22:45.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4371&#31;reute
+u f BC-HONDA-SHIFTS-SOME-MOT   03-17 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONDA SHIFTS SOME MOTORCYCLE PRODUCTION TO U.S.</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Honda Motor Co Ltd &lt;HMC.T> said it
+shifted production of motorcycles with engine capacity of 700
+cc and bigger for sale in the U.S. To its wholly owned
+subsidiary &lt;Honda Motor of America Inc> in Ohio, partly due to
+the yen's appreciation against the dollar.
+    A parent company spokesman said the Ohio plant, which makes
+360,000 cars a year, is now also producing 1,100 cc and 1,200
+cc motorcycles, partly for export.
+    Motorcycle output in Ohio totalled 28,000 in 1986, down 33
+pct from a year earlier, but the shift in production will raise
+production to 44,000 in 1987, the spokesman said.
+    The move to the U.S. Of large motorcycle manufacturing was
+also due partly to higher U.S. Tariffs for imported motorcyles
+bigger than 700 cc, industry sources said.
+    The U.S. Imposed tariffs on imports of large motorcycles
+from April 1983, starting at 49.9 pct and gradually falling, to
+help the U.S. Motorcycle manufacturing industry to reconstruct,
+the sources said. The tariff for U.S. Fiscal year 1987/88 is
+set at 14.5 pct.
+    They said the U.S. Planned to cut the tariff to 4.4 pct for
+fiscal 1988/89, but that the higher level is likely to be kept
+for a few years due to the slow pace of reconstruction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10740" NEWID="5826">
+<DATE>17-MAR-1987 05:22:54.89</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f4372&#31;reute
+u f BC-SOUTHEAST-CHINA-CROPS   03-17 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHEAST CHINA CROPS SAVED BY HEAVY RAIN</TITLE>
+<DATELINE>    PEKING, March 17 - </DATELINE><BODY>The heaviest rains for seven months are
+believed to have saved more than one mln hectares of
+drought-threatened crops in southeast China, the official New
+China News Agency said.
+    This week's rains have alleviated drought conditions in
+Guangdong Province, the agency said.
+    China has warned that this year's harvest will be affected
+by drought in many areas.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10741" NEWID="5827">
+<DATE>17-MAR-1987 05:25:32.07</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>zambia</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M RM
+&#22;&#22;&#1;f4377&#31;reute
+u f BC-ZAMBIA-STOPS-SENDING   03-17 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIA STOPS SENDING COPPER THROUGH SOUTH AFRICA</TITLE>
+<DATELINE>    LUSAKA, March 17 - </DATELINE><BODY>Zambia has stopped sending its copper
+exports through South Africa, the official Times of Zambia
+said.
+    The newspaper yesterday quoted highly placed sources as
+saying the state-owned Zambia Consolidated Copper Mines (ZCCM)
+was diverting its mineral exports away from South Africa, but
+it did not say which alternative routes were being used.
+    ZCCM officials declined to comment on the report, but
+Standwell Mapara, general manager of the Tanzania-Zambia
+Railway Authority (TAZARA), told Reuters recently virtually all
+Zambian mineral exports had been channelled along the TAZARA
+line to Dar es Salaam for the last three months.
+    During that period no Zambian copper had been shipped
+through Zimbabwe to the Mozambican port of Beira - the only
+other available route which avoids South Africa, Mapara said.
+    Last December TAZARA carried 36,000 tonnes of Zambian
+mineral ore, the line's record for any one month period, he
+added.
+    Copper, cobalt and other mineral exports account for 95 to
+98 pct of Zambia's foreign exchange earnings and President
+Kenneth Kaunda told Reuters in a recent interview it was vital
+for his country to assure new outlets for them, avoiding the
+traditional route through South Africa.
+    Referring to Zambia's preparations for a possible cut in
+economic links with South Africa, Kaunda told Reuters in an
+interview on March 1, "My main concern, of course, is the mines
+because whatever happens we must continue to run the mines."
+    According to Mapara, TAZARA handled 1.1 mln tonnes of
+freight last year and is still working well below its present
+1.4 mln capacity. Kaunda said that once preparations had been
+completed for evacuating Zambia's mineral exports on safe and
+dependable routes his government would look to increase its
+usage of TAZARA for other types of cargo.
+    The 1986 annual report of Zambia's state-run Metal
+Marketing Corporation said 81 pct of the country's metal
+exports were channelled through Dar es Salaam last year, versus
+79 pct in 1985. The report said Zambian copper production fell
+to 463,000 tonnes last year from 526,000 in 1985.
+    Despite the official optimism about diversifying Zambia's
+export routes, diplomatic sources in Lusaka expressed
+reservations about the capacity of Dar es Salaam and Beira
+ports to handle all of Zambia's mineral exports, even if they
+could be hauled there by train.
+    "The two ports cannot in any way and in their present form
+handle the huge exports of Zambian copper," one western diplomat
+said.
+    "A serious disruption in copper movement to the markets
+could be brought about as it would pile up at the two ports
+which lack the facilities and space to handle the copper
+tonnage," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10742" NEWID="5828">
+<DATE>17-MAR-1987 05:26:33.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4378&#31;reute
+u f BC-JAPAN-FIRMS-SEEK-OIL   03-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FIRMS SEEK OIL EQUIPMENT DEAL WITH HUNGARY</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Mitsubishi Heavy Industries Ltd &lt;MITH.T>
+and Mitsui and Co Ltd &lt;MITS.T> are likely to win an order for
+oil-related equipment worth about 600 mln yen this week from a
+Hungarian company trading in equipment for the chemical
+industry, sources in the industry said.
+    The equipment, developed by Royal Dutch/Shell Group
+&lt;RD.AS>, removes water from carbonic acid gas which is injected
+into oil wells to increase oil production.
+    The sources said the Hungarian company, Chemokomplex, has
+asked the World Bank for money to buy the equipment. Hungary
+gets 90 pct of its crude oil from the Soviet Union.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10743" NEWID="5829">
+<DATE>17-MAR-1987 05:28:21.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4380&#31;reute
+u f BC-NISSHO-IWAI-PROPOSES   03-17 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSHO IWAI PROPOSES WESTINGHOUSE FOR AIRPORT</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>&lt;Nissho Iwai Corp> proposes to install a
+transport system built by Westinghouse Electric Corp &lt;WX> of
+the U.S. In Japan's six billion dlr offshore airport at Osaka,
+western Japan, a Nissho Iwai spokesman said.
+    It also proposed &lt;Chiyoda Chemical Engineering and
+Construction Co> and &lt;Hitachi Zosen Corp> install the unmanned
+system, which will transport people between terminals.
+    He would not confirm a local report which said the system
+would cost about 30 mln dlrs. The proposal is one of several
+being considered. The U.S., Europe and South Korea are pushing
+hard for greater foreign participation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10744" NEWID="5830">
+<DATE>17-MAR-1987 05:37:11.61</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4390&#31;reute
+u f BC-OECD-JANUARY-ANNUAL-I   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD JANUARY ANNUAL INFLATION STEADY AT 2.1 PCT</TITLE>
+<DATELINE>    PARIS, March 17 - </DATELINE><BODY>Inflation in the 24 industrialised
+nations of the Organisation for Economic Cooperation and
+Development was 2.1 pct in the year to January, unchanged from
+December, the OECD said.
+    But monthly inflation throughout the OECD was an average
+0.4 pct in January, a rise compared to the 0.2 pct in the last
+quarter.
+    Retail energy prices rose strongly in January, reflecting
+the firming of world oil prices. For OECD states the increase
+was 0.7 pct but the January level of retail energy prices was
+still 11.6 pct lower than a year earlier, the OECD said.
+    The increase in consumer prices excluding food and energy,
+at 0.4 pct in January for the whole OECD area, was unchanged on
+the four previous months, but over the year to January OECD
+consumer prices rose by 3.5 pct, against 3.3 pct in December.
+    Unadjusted annual inflation for the seven leading
+industrialised nations in January was running at 4.4 pct in
+Italy, 3.9 pct in Britain and Canada, three pct in France, 1.4
+pct in the U.S., Minus 0.8 pct in West Germany and minus 1.5
+pct in Japan, the OECD said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10745" NEWID="5831">
+<DATE>17-MAR-1987 05:38:41.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4395&#31;reute
+b f BC-TORONTO-DOMINION-ISSU   03-17 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO DOMINION ISSUES 20 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Toronto Dominion Bank is issuing a 20
+billion yen eurobond due April 6, 1992 with a 4-5/8 pct coupon
+and priced at 101-5/8, lead manager Nomura International Ltd
+said.
+    The bonds will be listed in London and will be issued in
+denominations of one mln yen.
+    Fees consist of 5/8 pct for management and underwriting,
+including a 20 basis point praecipuum, and 1-1/4 pct for
+selling. Pay date is April 6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10746" NEWID="5832">
+<DATE>17-MAR-1987 05:44:48.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>sse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4407&#31;reute
+u f BC-SINGAPORE-ENDS-SCHEME   03-17 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE ENDS SCHEME TO HELP BROKING FIRMS</TITLE>
+<DATELINE>    SINGAPORE, March 17 - </DATELINE><BODY>The Stock Exchange of Singapore has
+decided to discontinue a 150 mln dlr standby credit facility
+for broking firms facing financial problems because of the
+failure of Pan-Electric Industries Ltd, an exchange statement
+said.
+    The credit line from four local banks was set up on
+December 3, 1985 to bail out firms involved in forward
+contracts with Pan-Electric, which went into receivership in
+November 1985 owing 390 mln dlrs. The company was wound up last
+year.
+    Local broking houses have been contributing a 0.125 pct
+levy on share transactions to the scheme but will no longer do
+so, the statement said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10747" NEWID="5833">
+<DATE>17-MAR-1987 05:54:31.18</DATE>
+<TOPICS><D>oilseed</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f4417&#31;reute
+b f BC-CARGILL-STRIKE-TALKS   03-17 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARGILL STRIKE TALKS CONTINUING TODAY</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Further talks will be held this morning
+at Cargill U.K. Ltd's oilseed processing plant at Seaforth,
+after yesterday's meeting between management and unions failed
+to produce a solution to end the three month old strike, a
+company spokesman said.
+    Talks will be extended to tomorrow if there is no
+breakthrough in today's session, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10748" NEWID="5834">
+<DATE>17-MAR-1987 05:56:17.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4419&#31;reute
+u f BC-SPAIN'S-FECSA-SUSPEND   03-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN'S FECSA SUSPENDS PRINCIPAL REPAYMENTS</TITLE>
+<DATELINE>    MADRID, March 17 - </DATELINE><BODY>Fuerzas Electricas de Catalunya (FECSA)
+suspended repayments of principal on its debts in order to
+start renegotiating its obligations with banks next month, a
+company spokesman said.
+    He said the decision did not affect payment of interest on
+loans and debentures.
+    FECSA faces repayments of 60 billion pesetas in interest
+and 30 billion pesetas in principal this year.
+    The Madrid stock exchange suspended trading in FECSA shares
+on February 6, saying the company was unable to meet payments
+on its 594 billion peseta debt.
+    Foreign banks hold almost half the debt.
+    The spokesman said FECSA was sending telexes to its
+creditors to set dates for the renegotiation. It would seek
+longer repayment deadlines and lower interest rates.
+    He said banks had insisted on a formal declaration that
+FECSA was suspending principal repayments before discussing a
+renegotiation of its debts.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10749" NEWID="5835">
+<DATE>17-MAR-1987 05:56:53.86</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f4421&#31;reute
+u f BC-INDONESIAN-SUGAR-OUTP   03-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN SUGAR OUTPUT FORECAST TO RISE IN 1987</TITLE>
+<DATELINE>    JAKARTA, March 17 - </DATELINE><BODY>Indonesian sugar output is forecast by
+the government to reach 2.126 mln tonnes in calendar 1987
+against projected consumption of 2.039 mln tonnes, Agriculture
+Minister Achmad Affandi said.
+    Production in 1986, when Indonesia was forced to import
+sugar, is officially estimated at 2.016 mln tonnes against
+1.728 mln in 1985.
+    The U.S. Embassy said in its annual Agriculture Report on
+Indonesia there were growing signs that actual output was lower
+than official figures. It estimated 1986 production at 1.8 mln
+tonnes and forecast little change for 1987.
+    Indonesia imported 162,000 tonnes of sugar towards the end
+of last year and in early 1987 to boost low stocks.
+    Affandi told reporters stocks fe&#127;l to as low as 159,000
+tonnes at the beginning of 1987. Industry sources said this
+represented under one month's consumption.
+    The minister said Indonesia should hold three months'
+supply, or 510,000 tonnes.
+    A spokesman for the National Logistics Bureau, which
+distributes and stores sugar, said stocks this month were
+489,437 tonnes. The harvesting season begins in April.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10750" NEWID="5836">
+<DATE>17-MAR-1987 05:58:49.41</DATE>
+<TOPICS><D>interest</D><D>money-supply</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4423&#31;reute
+u f BC-TAIWAN-ISSUES-MORE-CE   03-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ISSUES MORE CERTIFICATES OF DEPOSIT</TITLE>
+<DATELINE>    TAIPEI, March 17 - </DATELINE><BODY>Taiwan's central bank issued 12 billion
+Taiwan dlrs worth of certificates of deposit after issuing six
+billion yesterday, bringing CD issues so far this year to
+115.47 billion dlrs, a bank official told Reuters.
+    The new CDs have maturities of six months, one year and two
+years and bear interest rates ranging from 4.07 pct to 5.12
+pct, he said.
+    The issues are aimed at helping curb the growth of M-1b
+money supply, which is the result of large foreign exchange
+reserves. The reserves now total more than 51 billion U.S.
+Dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10751" NEWID="5837">
+<DATE>17-MAR-1987 06:07:23.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>eib</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4432&#31;reute
+u f BC-EIB-LOANS-TO-ITALY-FO   03-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIB LOANS TO ITALY FOR INDUSTRY AND TRANSPORT</TITLE>
+<DATELINE>    LUXEMBOURG, March 17 - </DATELINE><BODY>The European Investment Bank said it
+was advancing loans to Italy worth a total of 318.5 billion
+European Currency Units, equivalent to 460.6 billion lire, to
+finance transport, industry and infrastructure projects.
+    It said 40 billion lire will go to state airline Alitalia
+for the purchase of 10 McDonnell Douglas Corp &lt;MD.N> MD82
+aircraft.
+    A further 14 billion lire loan will be made to the internal
+Italian airline Alisarda for the purchase of one MD82 and the
+improvement of an airport on the island of Sardinia.
+    The bank said among the other loans was one of 40 billion
+lire to Ing C. Olivetti SpA &lt;OLIV.MI> unit Olivetti Peripheral
+Equipment SpA.
+    The money will help to enlarge a factory which produces
+data processing equipment in the Piedmont region.
+    The bank gave no details of the interest rates and other
+terms for the loans. This is in accordance with its normal
+policy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10752" NEWID="5838">
+<DATE>17-MAR-1987 06:10:51.81</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4434&#31;reute
+f f BC-FRENCH-JANUARY-PAYMEN   03-17 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH JANUARY PAYMENTS SURPLUS 0.3 BILLION FRANCS (3.8 BILLION DECEMBER SURPLUS)-OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10753" NEWID="5839">
+<DATE>17-MAR-1987 06:12:27.34</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4436&#31;reute
+u f BC-ITALIAN-WHOLESALE-PRI   03-17 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN WHOLESALE PRICES UP 1.1 PCT IN JANUARY</TITLE>
+<DATELINE>    ROME, March 17 - </DATELINE><BODY>The wholesale price index rose 1.1 pct
+month-on-month in January 1987 after increasing by 0.3 pct in
+December 1986, the national statistics institute Istat said.
+    The index, base 1980 equals 100, registered 172.8 in
+January compared with 170.9 in December.
+    The January 1987 figure represents a fall over January 1986
+of 1.7 pct after a year-on-year decrease in December 1986 of
+2.5 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10754" NEWID="5840">
+<DATE>17-MAR-1987 06:12:54.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f4437&#31;reute
+u f BC-CEREAL-TRADERS-SEEK-T   03-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CEREAL TRADERS SEEK TALKS WITH ANDRIESSEN ON EMS</TITLE>
+<DATELINE>    BRUSSELS, March 17 - </DATELINE><BODY>The European Community cereal trade
+lobby Coceral has written to Farm Commissioner Frans Andriessen
+asking for talks on ways of preventing their members losing
+money as a result of future realignments of currencies in the
+European Monetary System.
+    In the text of a letter made available to journalists,
+Coceral says some members suffered considerable losses on
+contracts entered into just before the last realignment in
+January.
+    This was because of an unforeseeable increase in monetary
+compensatory amounts (MCA's) for some member states, it says.
+    Coceral estimates losses sustained by West German traders
+who are its members at 8.05 mln marks.
+    It says Andriessen should work out new regulations to
+prevent a repetition of such losses as a result of future
+realignments.
+    A Coceral spokesman said problems had arisen when traders
+importing cereals from weak currency countries into those with
+strong currencies bought the weak currencies with which they
+were to pay for the cereals forward.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10755" NEWID="5841">
+<DATE>17-MAR-1987 06:15:51.05</DATE>
+<TOPICS><D>reserves</D><D>money-fx</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4440&#31;reute
+u f BC-TAIWAN-SAID-CONSIDERI   03-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN SAID CONSIDERING CURRENCY LIBERALISATION</TITLE>
+<DATELINE>    TAIPEI, March 17 - </DATELINE><BODY>Taiwan's central bank is considering
+proposals to ease currency restrictions to reduce foreign
+exchange reserves of 51 billion U.S. Dlrs, a local newspaper
+reported today.
+    The China Times, which has close ties with the government,
+quoted central bank governor Chang Chi-cheng as saying the
+government had agreed in principle to liberalise financial
+restrictions.
+    The bank was considering proposals to allow firms and
+individuals to hold foreign exchange and invest in foreign
+stocks for the first time, Chang was quoted as saying.
+    All foreign exchange must now be handed to local banks and
+exchanged for local currency. Firms and individuals may only
+invest in foreign government bonds, treasury bills and
+certificates of deposit.
+    Central bank and other government officials were not
+available to comment on the report.
+    Economists said it was likely that the government would
+ease foreign exchange controls, but only gradually.
+    They said vast foreign currency reserves, earned mainly
+from huge trade surpluses with the United States, made Taiwan a
+target for U.S. Protectionism.
+    Taiwan's trade surplus with the U.S. Rose to 13.6 billion
+U.S. Dlrs last year compared with 10.2 billion in 1985.
+    "The central bank has to go in this direction," said Su
+Han-min, chief economist with the International Commercial Bank
+of China. "If they don't quicken the pace, Washington could
+retaliate and really damage Taiwan."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10756" NEWID="5842">
+<DATE>17-MAR-1987 06:26:41.27</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4461&#31;reute
+b f BC-FRENCH-PAYMENTS-SURPL   03-17 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH PAYMENTS SURPLUS SHRINKS IN JANUARY</TITLE>
+<DATELINE>    PARIS, March 17 - </DATELINE><BODY>France's current account payments surplus
+slipped to a provisional 300 mln francs, seasonally adjusted,
+in January from a downward revised surplus of 3.8 billion in
+December, the Finance Ministry said.
+    The December figure was revised from a provisional 4.8
+billion franc surplus reported a month ago.
+    On an unadjusted basis, January payments showed a 5.2
+billion franc deficit after a revised 7.1 billion December
+surplus. The December unadjusted surplus was revised down from
+a provisional 8.2 billion.
+    The Ministry said trade, measured on balance of payments
+criteria, showed an unadjusted 7.1 billion franc January
+deficit while services showed a 3.7 billion surplus.
+    Other items, mainly including unilateral transfers, showed
+a 1.8 billion deficit.
+    The current account showed an adjusted surplus of 6.1
+billion francs in January last year, and an unadjusted deficit
+of one billion.
+    The full year 1986 current account surplus was reported
+last month at 25.8 billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10757" NEWID="5843">
+<DATE>17-MAR-1987 06:28:22.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4464&#31;reute
+b f BC-KOBEYA-BAKING-HAS-SWI   03-17 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOBEYA BAKING HAS SWISS FRANC PRIVATE PLACEMENT</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Kobeya Baking Co Ltd is planning a
+private placement of 10 mln Swiss franc notes paying 4-5/8 pct
+and priced at 100-1/8 pct, lead manager The Long Term Credit
+Bank of Japan (Schweiz) AG said.
+    The notes, due March 31, 1992, will be guaranteed by the
+Sumitomo Trust and Banking Co Ltd and the Sumitomo Bank Ltd.
+    The notes may be redeemed on September 30, 1989 at 101-1/4
+pct declining by 1/2 pct per annum thereafter. Denominations
+will be 50,000 francs and payment is due March 31.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10758" NEWID="5844">
+<DATE>17-MAR-1987 06:30:57.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4465&#31;reute
+f f BC-U.K.-FEB-PSBR-REPAYME   03-17 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. FEB PSBR REPAYMENT 300 MLN STG, 11 MONTH REQUIREMENT 100 MLN - OFFICIAL.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10759" NEWID="5845">
+<DATE>17-MAR-1987 06:33:17.55</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4466&#31;reute
+f f BC-U.K.-JAN-INDUSTRIAL-O   03-17 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. JAN INDUSTRIAL OUTPUT RISES 0.4 PCT, MANUFACTURING DOWN 2.3 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10760" NEWID="5846">
+<DATE>17-MAR-1987 06:33:34.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4467&#31;reute
+b f BC-U.K.-FEBRUARY-PSBR-RE   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. FEBRUARY PSBR REPAYMENT 300 MLN STG</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Britain's Public Sector Borrowing
+Requirement (PSBR) showed a provisional net repayment of 300
+mln stg in February, compared with an unrevised 3.7
+billion stg repayment in January, the Treasury said.
+    This gives a cumulative PSBR in the first 11 months of the
+current fiscal year of 100 mln stg, compared with a 2.7 billion
+requirement in the like period last year.
+    The government's forecast for the PSBR in fiscal 1986/87 is
+7.1 billion stg, but markets expect a significant undershoot on
+this number. The February data was within market forecasts.
+    The Central Government Borrowing Requirement on its own
+account in February was a net repayment of 100 mln stg after a
+unrevised net repayment of 3.4 billion stg in January. In the
+first 11 months, the central government borrowing on its own
+account was 2.3 billion stg, after 2.1 billion in January.
+    Local Authorities made a repayment estimated at 100 mln stg
+in February. The cumulative local authorities' repayment for
+the first 11 months was 700 mln. The Treasury said the fall
+about 2.5 billion stg in the cumulative PSBR at this point this
+year over last was largely due to lower public corporation and
+local authority borrowing. This was also the case last month,
+it said.
+    The Public Corporations' Borrowing Requirement is estimated
+at minus 400 mln stg, to give a cumulative repayment of 1.4
+billion stg.
+    The local authority and public sector surplus on the 11
+months cumulative basis was 2.1 billion, compared with a flat
+position at the same stage last year.
+    The Treasury said that the proceeds from privatisation of
+&lt;British Airways Plc> reduced requirements by 400 mln stg.
+    The Treasury said the General Government Borrowing
+Requirement is estimated to be a net repayment of 100 mln stg
+in February, giving a cumulative requirement of 1.1 billion.
+    Consolidated fund revenue was 8.8 billion stg in February,
+giving a cumulative total of 101.4 billion in the first 11
+months, 4.5 pct up from the like stage last year.
+    Inland Revenue Receipts for the first 11 months were 1.8
+billion stg, or 3.5 pct higher than a year earlier. Receipts
+from Customs and Excise were 3.5 billion stg in the first 11
+months, 10.5 pct higher than in the previous year.
+    The Treasury said that budget forestalling, when traders
+bring in goods in advance of today's annual budget, brought in
+300 mln stg more in customs and excise receipts than in
+February 1986.
+    Consolidated fund expenditure was 8.4 billion stg in
+February, with a cumulative 102.5 billion for the first 11
+months, four pct higher than in the previous year.
+    Supply expenditure was provisionally estimated at 8.3
+billion stg in February, giving a cumulative total of 91.2
+billion or three pct above last year's equivalent total.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10761" NEWID="5847">
+<DATE>17-MAR-1987 06:34:51.60</DATE>
+<TOPICS><D>corn</D><D>grain</D></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f4469&#31;reute
+u f BC-ZIMBABWE-MAIZE-OUTPUT   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIMBABWE MAIZE OUTPUT TO FALL 65 PCT</TITLE>
+<DATELINE>    HARARE, March 17 - </DATELINE><BODY>Maize deliveries to Zimbabwe's
+state-owned Grain Marketing Board (GMB) will fall by over 65
+pct this year, following a prolonged dry spell, agricultural
+industry sources said.
+    They said 1987 maize deliveries are expected to decline to
+around 520,000 tonnes from 1.6 mln tonnes last year. About 60
+pct of the maize will be delivered by large-scale commercial
+farmers and the balance by small-scale peasant producers.
+    Although this will be the lowest level of maize deliveries
+since 1980, the sources said there is no danger of a food
+shortage in Zimbabwe.
+    While annual maize consumption is estimated at 750,000
+tonnes, the GMB stockpile is currently around 1.8 mln tonnes,
+which means that even with the sharply reduced production this
+year Zimbabwe has enough maize for the next three years.
+    The sources said the lower maize crop would be offset by a
+25 pct increase in cotton production to 315,000 tonnes from
+248,000 tonnes last year, and by a rise of 20 pct in soybean
+deliveries to 100,000 tonnes from 84,000 tonnes in 1986.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10762" NEWID="5848">
+<DATE>17-MAR-1987 06:40:56.84</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4474&#31;reute
+b f BC-U.K.-INDUSTRIAL-OUTPU   03-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. INDUSTRIAL OUTPUT RISES IN JANUARY</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>U.K. Industrial production rose a
+provisional 0.4 pct in January after a 0.6 pct decline in
+December 1986, figures from the Central Statistical Office
+show.
+    The index for industrial production, base 1980, was set at
+a seasonally adjusted 109.8 in January after December's 109.4
+and compared with 108.2 a year earlier.
+    Output of manufacturing industries fell a provisional 2.3
+pct in January after a 0.2 pct rise last December.
+    The index for manufacturing, base 1980, fell to 103.9 from
+106.3, and compared with 102.3 a year earlier.
+    The CSO said industrial production in the three months to
+January was provisionally estimated to have fallen by 0.7 pct
+from the level of the previous three months, while
+manufacturing output rose by 0.5 pct in the same period.
+    In the three months, industrial production was 1.5 pct
+higher than in the same period a year earlier, while
+manufacturing output was two pct higher.
+    Within manufacturing, output of the metals industry rose by
+six pct and that of engineering and allied industries by one
+pct between the two latest three month periods. Output of
+chemicals and textiles fell by one pct and minerals by two pct.
+    The Office said output of the investment goods industries
+rose 0.1 pct while consumer goods output increased 0.6 pct.
+    Output of intermediate goods fell 1.6 pct between the two
+latest three-month periods.
+    The figures showed the energy production index, base 1980,
+rose 7.2 pct in January to 126.4 from December's 117.9 and from
+124.6 in January 1986.
+    In the latest three months, the energy index, which
+comprises oil, natural gas and coal production, was down 3.5
+pct on the previous quarter and 0.5 pct below the same period a
+year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10763" NEWID="5849">
+<DATE>17-MAR-1987 06:50:05.37</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4489&#31;reute
+r f BC-ZIMBABWE-GDP-RISES-0.   03-17 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIMBABWE GDP RISES 0.2 PCT IN 1986</TITLE>
+<DATELINE>    HARARE, March 17 - </DATELINE><BODY>Zimbabwe's real gross domestic product
+increased 0.2 pct in 1986, according to preliminary figures
+published by the Central Statistical Office (CSO). This
+contrasts with a rise of more than nine pct in 1985.
+    The main reason for the slower rate of economic growth was
+a drop in the real value of agricultural output. This declined
+12 pct in 1986 following a 24 pct improvement the previous
+year. Mining output fell one pct in 1986 but manufacturing
+production increased 1.4 pct.
+    The CSO said that at current prices GDP rose 12.7 pct to
+8.2 billion Zimbabwe dlrs, but inflation, measured by the GDP
+deflator, was estimated at 12.2 pct, so there was virtually no
+growth in real output during 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10764" NEWID="5850">
+<DATE>17-MAR-1987 06:52:40.23</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4493&#31;reute
+u f BC-JAPAN-SAYS-U.S.-JAPAN   03-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SAYS U.S.-JAPAN MICROCHIP PACT WORKING</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Japanese officials sought to convince the
+U.S. That a U.S.-Japan pact on microchip trade is working ahead
+of an April 1 deadline set by the U.S. For them to prove their
+case.
+    "We are implementing the agreement in good faith and the
+situation does not run counter to the pact," Osamu Watanabe,
+Director of the Ministry of International Trade and Industry's
+(MITI) Americas and Oceanic Division, told foreign reporters.
+    "The effects of the measures we have taken and are taking
+are emerging in the market place," he said.
+    U.S. Trade officials have repeatedly accused Japanese
+microchip makers of violating the pact by continuing to sell at
+below cost in markets outside Japan and the United States.
+    The agreement, signed last September, aimed at halting
+predatory Japanese pricing policies and increasing U.S.
+Semiconductor firms' access to the Japanese market.
+    The comments by MITI officials followed a call by Prime
+Minsiter Yasuhiro Nakasone to clear up any misunderstandings on
+the U.S. Side about the pact, Watanabe said.
+    Yukio Honda, director of MITI's Industrial Electronics
+Division, denied that Japanese chipmakers were selling at below
+cost in third countries.
+    MITI's call to Japanese chip makers last month to cut
+production of key memory chips in the first quarter of this
+year has begun to dry up the source of cheap chips for sale in
+the non-regulated grey market, Honda said.
+    "The grey market exports from Japan are shrinking now, but
+in contrast U.S. And South Korean companies are expanding
+market share because of their cheaper prices," Honda said.
+    MITI plans to take further steps to reduce the excess
+supply of inexpensive chips which developed in Japan after the
+pact was formed because of a slump in Japanese semiconductor
+exports to the United States, he added.
+    The ministry will soon release its supply-demand guidelines
+for the second quarter and suggested production volumes are
+likely to be lower than that for the first quarter, he said.
+    Despite businessmen's ingenuity in finding ways around any
+artificial controls, regulation of supply and demand should
+bring positive results, Watanabe said. "I am optimistic," he
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10765" NEWID="5851">
+<DATE>17-MAR-1987 06:59:48.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4502&#31;reute
+r f BC-ECONOMIC-SPOTLIGHT--   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - SAUDI CORPORATE DEBT</TITLE>
+<AUTHOR>    By Stephen Jukes, Reuters</AUTHOR>
+<DATELINE>    RIYADH, March 17 - </DATELINE><BODY>Bankers in Saudi Arabia are negotiating
+a delicate balance between western business practice and
+oriental justice as they try to restructure the troubled
+corporate sector's debt.
+    The problem lies in reconciling Saudi Arabia's
+western-style banking system and an Islamic, "Sharia" legal
+system in which interest payments may be viewed as usury and
+illegal.
+    So Saudi Arabia's 11 commercial banks have pinned hopes on
+negotiated settlements rather than enforced ones, and are
+resigned to not being able to recoup loans in full.
+    And they have become highly selective over enterprises
+eligible for new credit after a run of failures that forced
+heavy loan loss provisions and ate relentlessly into profits.
+    As a result, they have attracted complaints from a business
+community that says it is starved of funds while the government
+is criticising it for not playing a larger role in the economy.
+    The private sector's downturn began in earnest in 1983 as
+oil prices slid and some companies were slow to react,
+businessmen said. Bloated inventories and in some cases poor
+management created problems. Some also blamed the government
+for not paying for public sector contracts promptly.
+    Long negotiations to reschedule some debt are now producing
+results. One banker said, "Banks are agreeing reschedulings, but
+often at a high price... They are resigned to the fact that
+full recovery (of loans) is not always possible."
+    In a few cases private sector firms have been stripped of
+assets during or prior to debt renegotiations, leaving banks
+virtually no hope of repayment in full.
+    The first major rescheduling was not sealed until
+mid-February this year when &lt;Arabian Auto Agency>, known as
+AAA, reached agreement to stretch out repayments of 700 mln
+riyals of debt to some 50 Saudi and international banks.
+    Bankers said the deal for the Jeddah-based heavy equipment
+importer is likely to set a precedent for the private sector.
+It was greeted with relief after 18 months of negotiations.
+    AAA's rescheduling has been followed in the last few days
+by a draft accord on the 1.3 billion riyal debt of one of the
+Kingdom's most publicised companies, &lt;Saudi Research and
+Development Corp>, REDEC. These two cases have raised hopes
+that other companies will also reach agreement soon.
+    Bankers said the cement importer &lt;Arabian Bulk Trade>, and
+the construction and trading firm &lt;Ali and Fahd Shobokshi
+Group> are still negotiating with creditor banks.
+    They are increasingly resigned to there being little legal
+recourse in Saudi Arabia, and that rescheduling with payments
+geared to a company's cash-flow -- often very low -- is the
+only way to recover at least a portion of outstanding loans.
+    Though bankers feel they generally have the tacit backing
+of the Saudi Arabian Monetary Agency (SAMA), the Kingdom's
+central bank, some say it should take a more active role.
+    However, bankers said it is encouraging SAMA has not
+blocked a "black list" of borrowers banks have drawn up and
+circulated for over a year.
+    Bankers said the AAA accord, negotiated by a committee led
+by &lt;Saudi British Bank>, is a likely model in that banks have
+not insisted on full repayment of all obligations.
+    Sixty pct of the debt will be repaid in monthly instalments
+over seven years at 1/4 point over Bahrain interbank offered
+rates (BIBOR). The remaining 40 pct is only to be paid after
+completion of the first tranche, also at 1/4 over BIBOR. And
+accrued interest on the 40 pct will be waived as long as the
+first tranche is met in full.
+    As one banker put it, "Many banks took the view it was
+better to get some money back rather than none at all."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10766" NEWID="5852">
+<DATE>17-MAR-1987 07:02:02.82</DATE>
+<TOPICS><D>ship</D><D>trade</D><D>crude</D></TOPICS>
+<PLACES><D>norway</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f4507&#31;reute
+u f BC-LOOPHOLE-FOR-TANKERS   03-17 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOOPHOLE FOR TANKERS IN NORWAY'S S. AFRICA BAN</TITLE>
+<DATELINE>    OSLO, March 17 - </DATELINE><BODY>Norway's parliament has approved an
+extensive trade ban against South Africa but left shipowners a
+key loophole through which controversial oil shipments on
+Norwegian tankers may continue, government officials said.
+    The unilateral boycott gives domestic companies until late
+September to cut trade ties with South Africa and Namibia.
+    Although forbidding crude oil shipments to South Africa on
+Norwegian-owned tankers, the boycott makes a crucial exception
+for ships whose final destination is decided while at sea. As
+oil cargoes are often resold after loading, critics said the
+door will be left open for continued shipments to South Africa.
+    Norwegian tankers supplied South Africa with about 30 pct
+of its crude oil imports during the early 1980s, but the trade
+has dropped sharply to just one cargo in the last three months,
+trade ministry officials said.
+    The latest trade figures show Norwegian imports from South
+Africa dropped 36 pct to 160 mln crowns during the first eight
+months of 1986, while exports plunged 52 pct to 265 mln crowns
+from the year-ago figure.
+    The boycott legislation now goes to the upper house for
+formal ratification later this week, parliamentarians said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10767" NEWID="5853">
+<DATE>17-MAR-1987 07:11:00.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f4528&#31;reute
+d f BC-BANK-OF-JAPAN-TO-SELL   03-17 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 300 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>The Bank of Japan will sell 300 billion
+yen of financing bills tomorrow under a 55-day repurchase
+accord maturing on May 12, money traders said.
+    The bills are meant to soak up a projected money market
+surplus due largely to coupon and principle payments of a
+previously issued Japanese National Railways bond.
+    The yield on the bills for sales to banks and securities
+houses from money houses will be 3.9497 pct against the 3.9375
+pct discount rate for two-month commercial bills and the
+4.43/32 pct yield on two-month certificates of deposit today.
+The sale will raise the bill supply to 1,500 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10768" NEWID="5854">
+<DATE>17-MAR-1987 07:11:21.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4529&#31;reute
+u f BC-HANSON-SELLS-FINLAYS   03-17 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANSON SELLS FINLAYS UNIT FOR 16.9 MLN STG</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Hanson Trust Plc &lt;HNSN.L> said it will
+sell its Finlays confectionery, tobacco and newsagent business
+to a specially formed company, &lt;Finlays Plc> for an estimated
+16.9 mln stg cash.
+    The chain of stores was acquired when Hanson took over
+&lt;Imperial Group Plc> last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10769" NEWID="5855">
+<DATE>17-MAR-1987 07:11:30.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f4530&#31;reute
+r f BC-GMAC-CANADA-UNIT-ISSU   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GMAC CANADA UNIT ISSUES CANADIAN DOLLAR BOND</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>General Motors Acceptance Corp Canada is
+issuing a 100 mln Canadian dlr eurobond due October 15, 1992
+paying 8-1/2 pct and priced at 101-1/2 pct, lead manager Union
+Bank of Switzerland Securities Ltd said.
+    The bond, guaranteed by parent General Motors Acceptance
+Corp, is available in denominations of 1,000 and 10,000 dlrs
+and will be listed in Luxembourg.
+   Payment date on the issue if April 15, 1987 and the first
+coupon will be short.
+    Fees for the issue comprise 1-1/4 pct selling concession
+and 5/8 pct for management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10770" NEWID="5856">
+<DATE>17-MAR-1987 07:11:59.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f4531&#31;reute
+r f BC-TORONTO-DOMINION-ISSU   03-17 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO DOMINION ISSUES 20 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Toronto Dominion Bank is issuing a 20
+billion yen eurobond due April 6, 1992 with a 4-5/8 pct coupon
+and priced at 101-5/8, lead manager Nomura International Ltd
+said.
+    The bonds will be listed in London and will be issued in
+denominations of one mln yen.
+    Fees consist of 5/8 pct for management and underwriting,
+including a 20 basis point praecipuum, and 1-1/4 pct for
+selling. Pay date is April 6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10771" NEWID="5857">
+<DATE>17-MAR-1987 07:13:26.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4534&#31;reute
+r f BC-STRIKES-AGAINST-WAGE   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRIKES AGAINST WAGE FREEZE SPREAD IN YUGOSLAVIA</TITLE>
+<DATELINE>    BELGRADE, March 17 - </DATELINE><BODY>Strikes against a government freeze on
+wages spread to most regions of Yugoslavia last week, the
+official news agency Tanjug said last night.
+    It said thousands of workers were involved, and officials
+feared more strikes were on the way.
+    At least 60 strikes have taken place around Yugoslavia in
+the past two weeks, but most of those previously reported were
+in the northern republic of Croatia.
+    Prime Minister Branko Mikulic imposed the wage freeze last
+month in an effort to curb rampant inflation, now running at an
+annual rate of almost 100 pct.
+    The government froze wages at their level in the fourth
+quarter of 1986 and said any future rises must be linked to
+productivity.
+    The measure met widespread disapproval. Even some senior
+executives of major industrial enterprises have criticised the
+freeze in interviews with Tanjug.
+    The agency said strikes took place last week in the
+southern republic of Montenegro and the predominantly ethnic
+Albanian province of Kosovo. In the central republic of Bosnia
+and Hercegovina 1,700 workers struck, while many teachers in
+Belgrade refused to take their paychecks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10772" NEWID="5858">
+<DATE>17-MAR-1987 07:14:17.71</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f4538&#31;reute
+r f BC-DOLLAR-SEEN-FALLING-U   03-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR SEEN FALLING UNLESS JAPAN SPURS ECONOMY</TITLE>
+<AUTHOR>    By Rie Sagawa, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Underlying dollar sentiment is bearish,
+and operators may push the currency to a new low unless Japan
+takes steps to stimulate its economy as pledged in the Paris
+accord, foreign exchange analysts polled by Reuters said here.
+    "The dollar is expected to try its psychological barrier of
+150.00 yen and to fall even below that level," a senior dealer
+at one leading bank said.
+    The dollar has eased this week, but remains stable at
+around 151.50 yen. Six major industrial countries agreed at a
+meeting in Paris in February to foster currency stability.
+    Some dealers said the dollar may decline in the long term,
+but a drastic fall is unlikely because of U.S. Fears of renewed
+inflation and fears of reduced Japanese purchases of U.S.
+Treasury securities, needed to finance the U.S. Deficit.
+    Dealers generally doubted whether any economic package
+Japan could adopt soon would be effective enough to reduce its
+trade surplus significantly, and said such measures would
+probably invite further U.S. Steps to weaken the dollar.
+    Under the Paris accord, Tokyo promised a package of
+measures after the fiscal 1987 budget was passed to boost
+domestic demand, increase imports and cut its trade surplus.
+    But debate on the budget has been delayed by an opposition
+boycott of Parliamentary business over the proposed imposition
+of a five pct sales tax, and the government has only a slim
+chance of producing a meaningful economic package in the near
+future, the dealers said.
+    If no such steps are taken, protectionist sentiment in the
+U.S. Congress will grow, putting greater downward pressure on
+the dollar, they said.
+    The factors affecting the U.S. Currency have not changed
+since before the Paris accord, they added.
+    "Underlying sentiment for the dollar remains bearish due to
+a still-sluggish U.S. Economic outlook, the international debt
+crisis triggered by Brazil's unilateral suspension of interest
+payments on its foreign debts and the reduced clout of the
+Reagan administration as a result of the Iran/Contra arms
+scandal," said a senior dealer at a leading trust bank.
+    "There is a possibility that the dollar may decline to
+around 140.00 yen by the end of this year," said Chemical Bank
+Tokyo branch vice president Yukuo Takahashi.
+    But operators find it hard to push the dollar either way
+for fear of possible concerted central bank intervention.
+    Dealers said there were widespread rumours that the U.S.
+Federal Reserve telephoned some banks in New York to ask for
+quotes last Wednesday, and even intervened to sell the dollar
+when it rose to 1.87 marks.
+    The Bank of England also apparently sold sterling in London
+when it neared 1.60 dlrs on Wednesday, they said.
+    But other dealers said they doubted the efficacy of central
+bank intervention, saying it may stimulate the dollar's decline
+because many dealers are likely to await such dollar buying
+intervention as a chance to sell dollars.
+    However, First National Bank of Chicago Tokyo Branch
+assistant manager Hiroshi Mochizuki said "The dollar will not
+show drastic movement at least to the end of March."
+    Other dealers said the U.S. Seems unwilling to see any
+strong dollar swing until Japanese companies close their books
+for the fiscal year ending on March 31, because a weak dollar
+would give Japanese institutional investors paper losses on
+their foreign holdings, which could make them lose interest in
+purchases of U.S. Treasury securities.
+    U.S. Monetary officials may refrain from making any
+comments this month to avoid influencing rates, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10773" NEWID="5859">
+<DATE>17-MAR-1987 07:15:38.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4546&#31;reute
+u f BC-ORION-ROYAL-WITHDRAWS   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORION ROYAL WITHDRAWS FROM FRN MARKET</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Orion Royal Bank has decided to withdraw
+from making markets in floating rate notes (FRNs), an official
+of Orion said.
+    He said the decision to withdraw was made about 11 days ago
+before the market was battered by a loss of confidence, which
+resulted in sizeable losses in these securities.
+    The official, who declined to be identified, said Orion,
+the merchant banking arm of Royal Bank of Canada, had operated
+profitably in the market from 1984 to date. However, the
+decline in the market made it appear that they could no longer
+justify the overhead.
+    The official said Orion would redeploy the three traders
+who had been in the FRN sector, mostly to their Euro-commercial
+paper operation, an area the bank believes has a greater growth
+potential.
+    Officials at several other firms, who also declined to be
+identified, said they were reviewing their position to decide
+whether to continue making markets in FRNs.
+    In trading earlier today, traders said prices of several
+dated FRNs had firmed slightly and that some buyers were
+beginning to re-enter the market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10732" NEWID="5860">
+<DATE>17-MAR-1987 07:18:19.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f4550&#31;reute
+r f BC-WORLD-BANK-EXPECTED-T   03-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK EXPECTED TO APPROVE PHILIPPINES LOAN</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 17 - </DATELINE><BODY>The World Bank is expected to approve a
+310 mln dlr economic recovery loan for the Philippines at a
+meeting of its executive board today in Washington, Central
+Bank sources said.
+    The sources said the loan, agreed upon in principle last
+September during a visit to the United States by President
+Corazon Aquino, had been held up by Philippine government
+delays in fulfilling key conditions.
+    They said the documents required by the World Bank were not
+submitted by Manila until late February.
+    The sources said the loan is needed to rehabilitate the the
+state-owned Philippine National Bank (PNB) and the Development
+Bank of the Philippines (DBP), which together are burdened with
+seven billion dlrs of non-performing assets.
+    They said the World Bank had insisted the two banks appoint
+independent auditors and draft revised charters.
+    It also laid down several conditions for an Asset
+Privatisation Trust (APT) planned by the government to dispose
+of the banks' unproductive assets, the sources said.
+    The APT, set up in January, is headed by banker and
+businessman David SyCip.
+    The sources said the World Bank wanted respected private
+sector individuals to be appointed to the APT, and immunity
+from prosecution for the trust. It wanted a clause saying
+buyers of non-performing assets could not be prosecuted.
+    The Manila Standard newspaper quoted Rolando Arrivillaga,
+World Bank representative in the Philippines, as saying the
+loan would be in three 100 mln dlr tranches. The first tranche
+would be available late this month or in early April.
+    Arrivillaga said the remaining 10 mln dlrs was in the form
+of technical assistance available for disbursement during a
+36-month period.
+    Finance Secretary Jaime Ongpin has said approval of the
+loan will trigger another 300 mln dlr loan expected from the
+Export-Import Bank of Japan.
+    The Central Bank sources said negotiations would start in
+April on another 150 mln dlr loan from the World Bank to
+implement reforms in the government corporate sector.
+    The sources said the World Bank is expected to approve the
+loan by August, after a review of the government's
+non-financial institutions. The government's 14 major
+corporations rely heavily on budgetary support to supplement
+external borrowing to meet their yearly revenue shortfalls.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10774" NEWID="5861">
+<DATE>17-MAR-1987 07:22:27.62</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4564&#31;reute
+b f BC-U.K.-MONEY-MARKET-REC   03-17 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET RECEIVES NO MORNING ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The Bank of England said it did not
+operate in the money market in the morning session.
+    Earlier, the central bank had estimated the deficit in the
+system today at some 450 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10775" NEWID="5862">
+<DATE>17-MAR-1987 07:22:35.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f4565&#31;reute
+h f BC-MIYAZAWA-SAYS-NO-INTE   03-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS NO INTENTION TO ALTER SALES TAX BILL</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said he
+had no intention of modifying at the moment a proposed bill
+introducing a sales tax.
+    "Parliamentary deliberation must be conducted fully before
+we see whether to revise it or not," Miyazawa told reporters.
+    He also said he had not heard anything about Deputy Premier
+Shin Kanemaru suggesting modification of the tax.
+    The Japanese press has reported that Kanemaru proposed
+yesterday a freeze or a modification of the value-added tax as
+he saw growing public opposition.
+    Debate on the sales tax has been stalled by a sporadic
+opposition boycott over their objections to the tax.
+    Miyazawa said he did not expect the bill to be altered even
+after Parliament completes its deliberations. He also said the
+Government is undecided on the scale of a proposed provisional
+budget for fiscal 1987 beginning on April 1.
+    The minister declined to comment on wide-spread press
+speculation that the stop-gap budget would total more than
+1,000 billion yen.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10776" NEWID="5863">
+<DATE>17-MAR-1987 07:27:46.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f4575&#31;reute
+u f BC-CONTRAS-CARRY-OUT-FIR   03-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTRAS CARRY OUT FIRST RAID IN NICARAGUAN CAPITAL</TITLE>
+<DATELINE>    MANAGUA, March 17 - </DATELINE><BODY>U.S.-backed Contra rebels tried to blow
+up an electricity pylon supplying a Managua industrial zone in
+what Western diplomats say was the rebels' first sabotage
+attack in the Nicaraguan capital.
+    An Interior Ministry statement said power supplies were not
+affected by the blast, which slightly damaged the tower. No
+injuries were reported.
+    Residents near the site of the blast told reporters the
+rebels also scattered leaflets in the area, encouraging
+rebellion against the Sandinista government.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10777" NEWID="5864">
+<DATE>17-MAR-1987 07:28:02.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>west-germany</D></PLACES>
+<PEOPLE><D>von-weizsaecker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f4577&#31;reute
+r f BC-CREDITORS/DEBTORS-SHA   03-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDITORS/DEBTORS SHARE RESPONSIBILITY-WEIZSAECKER</TITLE>
+<DATELINE>    BUENOS AIRES, March 17 - </DATELINE><BODY>West German President Richard von
+Weizsaecker said both debtor and creditor nations share
+responsibility for the Third World's foreign debt crisis.
+    Weizsaecker, in a speech on the first day of an official
+visit to Argentina, said: "Debtor and creditor countries have
+created this situation jointly. They also share responsibility
+for finding lasting solutions."
+    Local officials have payed great importance to
+Weizsaecker's visit because they consider him a key backer of
+more flexible repayment terms for Argentina's 51 billion dlr
+foreign debt, Latin America's third largest.
+    Weizsaecker, speaking at a reception held for him by
+President Raul Alfonsin at Buenos Aires' City Council hall,
+also said no one could overlook the enormity of the obstacle
+posed by the foreign debt to countries like Argentina.
+    "Democracy in Latin America must not be endangered because
+of misery or new injustices," he said.
+    Argentine officials said they might halt debt payments last
+month if creditor banks did not agree to a new 2.15 billion dlr
+loan. An Argentine mission is now in the U.S. For talks with 11
+banks, seeking to win an easing of repayment terms and secure
+the loan.
+    Weizsaecker said Argentina has had difficulties with the
+European Community over trade barriers and subsidies for grain
+exports.
+    "We are making efforts to eliminate them with the help of
+balanced interest from all parties," he said.
+    Argentina has said the barriers and subsidies cut unfairly
+into the country's traditional markets for its grain exports.
+    Weizsaecker arrived for a four-day visit, opening a Latin
+American tour which includes Bolivia and Guatemala. He held
+brief talks on Sunday with Brazilian President Jose Sarney
+during a stopover in Brasilia.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10778" NEWID="5865">
+<DATE>17-MAR-1987 07:31:03.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4586&#31;reute
+u f BC-SWEDEN-RECHECKS-JANUA   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN RECHECKS JANUARY INFLATION RATE</TITLE>
+<DATELINE>    STOCKHOLM, March 17 - </DATELINE><BODY>Sweden is recalculating the January
+inflation rate, which showed a sharp 1.3 pct rise in the cost
+of living, to check if the figures were overstated, a Central
+Bureau of Statistics spokesman said.
+    Rumours the figure had been overstated by 0.3 pct due to a
+statistical error sent bond prices soaring on the domestic
+credit market today.
+    The head of the Bureau's consumer price index unit, Hugo
+Johannesson, told Reuters, "We are extremely busy at the moment
+recalculating the January figures and I think the best thing is
+for us to be allowed to get on with it."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10779" NEWID="5866">
+<DATE>17-MAR-1987 07:31:28.57</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>japan</D><D>iran</D><D>cyprus</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f4588&#31;reute
+r f PM-IRAN-TANKER   03-17 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAID TO ATTACK CYPRIOT TANKER</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>A Cypriot tanker was set ablaze in the
+Persian Gulf yesterday after an Iranian gunboat fired missiles
+at it, shipping sources quoting reports from Japanese tankers
+said today.
+    No casualties were seen and the tanker Pivot, laden with
+crude oil, was towed towards Dubai by tugs after they put out
+the fire, the sources said.
+    Iranian gunboats usually check a ship's nationality and
+cargo before attacking but the Pivot was hit near Bu Musa
+island without warning, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10780" NEWID="5867">
+<DATE>17-MAR-1987 07:33:29.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4596&#31;reute
+r f BC-EUROPEAN-SUPERCHIP-PR   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN SUPERCHIP PRODUCTION COULD START IN 1988</TITLE>
+<DATELINE>    BONN, March 17 - </DATELINE><BODY>Production of a four-megabit superchip,
+developed jointly by Siemens AG &lt;SIEG.F> and NV Philips
+Gloeilampenfabrieken &lt;PGLO.AS>, could start by late 1988 or
+early 1989, West German Technology Minister Heinz Riesenhuber
+told a news conference.
+    "We have caught up (with) our competitors," a Technology
+Ministry spokeswoman said. "Now it's a question of who will be
+first to produce it, and we are in with a good chance."
+    Companies in the United States and Japan say they already
+have a prototype but have not yet reached the production stage.
+    Siemens and Philips, together with the West German and
+Dutch governments, have invested a total of 1.4 billion marks
+in researching and developing the chip.
+    Representatives of the two companies said the sophisticated
+technology could be used to produce cheaper medical diagnosis
+instruments and to regulate car fuel consumption and emissions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10781" NEWID="5868">
+<DATE>17-MAR-1987 07:59:11.15</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>netherlands</D><D>suriname</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F C M
+&#22;&#22;&#1;f4625&#31;reute
+r f BC-BILLITON-SEEKS-CHANGE   03-17 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BILLITON SEEKS CHANGE IN SURINAM POLICIES</TITLE>
+<DATELINE>    LEIDSCHENDAM, Netherlands, March 17 - </DATELINE><BODY>&lt;Billiton
+International Metals B.V.>, the Dutch mining company, has urged
+Surinam to change policies it says are causing heavy losses on
+bauxite mining operations there, a company spokesman said.
+    He told Reuters that Billiton, a fully-owned Royal
+Dutch/Shell &lt;RD.AS> subsidiary, presented the demands to Henk
+Heidweiler, a top aide to Surinam military leader Desi
+Bouterse, who visited the Netherlands last week for official
+talks.
+    Billiton and &lt;Suralco>, owned by U.S. Conglomerate Alcoa
+&lt;AA.S>, both want devaluation, and lower wages, welfare
+contributions, taxes on bauxite and energy prices.
+    The two firms are the biggest private sector employers in
+Surinam. Billiton also urged Heidweiler to improve the safety
+of its employees in the campaign against a jungle guerilla
+group, the spokesman said, adding rebel fighting since July
+1986 had depressed production at Billiton and Suralco plants.
+    High voltage cables from the power plant of Afobakka have
+been cut, and a bauxite mine at Moengo has been shut, he added.
+    "We are already making vast losses in Surinam and you can't
+expect any company to remain operating with losses," the
+spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10782" NEWID="5869">
+<DATE>17-MAR-1987 08:06:20.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f4652&#31;reute
+u f BC--U.S.-CREDIT-MARKET-O   03-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKET OUTLOOK - HOUSING STARTS</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>While most of the world's financial
+markets will be monitoring the U.K. budget, traders and
+analysts in the U.S. credit market will be pouring over latest
+housing starts data for fresh clues about current and future
+domestic growth trends, economists said.
+    Most economists expect the seasonally-adjusted annualized
+rate to ease to about 1.75 mln units in February from just
+under 1.81 mln in both January and December.
+    "The level of housing starts is likely to have declined
+modestly but still have remained at a relatively high level,"
+said Peter Greenbaum of Smith Barney, Harris Upham and Co Inc.
+    Unfortunately, meaningful comparisons between February's
+and prior months' underlying trends may prove difficult.
+    "Caution should be used when interpreting (December's and
+January's) increase," cautioned Smith Barney's Greenbaum.
+    "Although underlying fundamentals remain strong -- mortgage
+rate stability, healthy income gains -- warmer than usual
+weather undoubtedly also had some influence in pushing starts
+higher in both months," he added.
+    Economists at Shearson Lehman Brothers Inc were more
+succinct in a weekly newsletter: "a slight decline across the
+board, no particular economic reason, mostly weather."
+    Charles Lieberman of Manufacturers Hanover Securities Corp
+said single-family homes would account for most of the housing
+starts drop although Smith Barney's Greenbaum saw signs of
+stabilization in both the single- and multi-family sectors.
+    U.S. Treasury Secretary James Baker is also due to appear
+before a Congressional committee Tuesday morning.
+    Federal funds are expected to open at 6-1/8 to 6-1/4 pct
+after being quoted at 6-3/16 late yesterday.
+    U.S. government securities prices continued to drift
+aimlessly yesterday, with the key 7-1/2 pct 30-year Treasury
+bond closing 7/32 lower at 99-25/32. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10783" NEWID="5870">
+<DATE>17-MAR-1987 08:14:29.38</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f4682&#31;reute
+u f BC-DUTCH-PORT-EMPLOYERS   03-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH PORT EMPLOYERS RESUME LAY-OFF PLANS</TITLE>
+<DATELINE>    ROTTERDAM, March 17 - </DATELINE><BODY>Employers in Rotterdam's troubled
+general cargo sector have decided to restart stalled redundancy
+procedures within a week, employers' organisation labour
+relations manager Gerard Zeebregts told Reuters.
+    Port and transport union spokesman Bert Duim said the
+employers' decision would not lead to the immediate resumption
+of eight weeks of strikes in the sector.
+    The strike action was called off on Friday after an interim
+court injunction against the employers' plans for 350
+redundancies this year.
+    A court in Amsterdam ruled last week the employers had made
+an error in the complicated procedure for obtaining permission
+for the redundancies and therefore could not proceed until a
+final ruling on May 7.
+    Zeebregts said the initiation of new procedure might well
+take up to two months, but the employers were not prepared
+simply to sit and wait for the May 7 court ruling with the
+chance they would have to start all over again in any case.
+    "We cannot afford not to continue with our plans. The
+strikes have already cost a lot of money and damaged business,
+and further delays would do even more damage," Zeebregts said.
+    The campaign of lightning strikes in the port's general
+cargo sector began on January 19 in protest at employers' plans
+for 800 redundancies from the sector's 4,000 strong workforce
+by 1990, starting with 350 this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10784" NEWID="5871">
+<DATE>17-MAR-1987 08:14:55.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f4685&#31;reute
+r f BC-POINDEXTER-MAY-GET-IM   03-17 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POINDEXTER MAY GET IMMUNITY TO HELP TRACK FUNDS</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Congressional investigators
+tentatively plan to grant immunity to former presidential
+National Security Advisor John Poindexter who they say may help
+track missing money from Iran arms sales.
+    Congressional sources told Reuters the House of
+Representatives and Senate committees probing the arms scandal
+are expected to back a preliminary accord reached last Friday
+by their legal advisors to grant Poindexter immunity from
+prosecution in return for his testimony. He would be the first
+leading figure in the affair to be granted immunity.
+    Poindexter resigned from his White House post in November
+when it was divulged that up to 30 mln dlrs in arms sales
+profits might have been diverted to Nicaraguan contra rebels.
+Congressional investigators and a presidential review
+commission have not tracked beyond secret Swiss and Cayman
+Island bank accounts mlns of dlrs said to have been diverted.
+    The sources said Poindexter could help trace the money,
+which is one of the big riddles of the scandal. "Obviously we
+think he is a very important witness," said a House source.
+    Poindexter has refused to testify before Congress, citing
+his constitutional rights against self-incrimination.
+             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10785" NEWID="5872">
+<DATE>17-MAR-1987 08:17:48.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4693&#31;reute
+r f BC-WESTERN-HEALTH-&lt;WHP>   03-17 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN HEALTH &lt;WHP> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    SAN DIEGO, March 17 - </DATELINE><BODY>Western Health Plans Inc said Douglas
+C. Werner has resigned as president and chief executive officer
+to pursue other business opportunities.
+    It said executive vice president Ray Mendoza will serve as
+interim chief executive.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10786" NEWID="5873">
+<DATE>17-MAR-1987 08:17:59.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4694&#31;reute
+r f BC-COMMERCIAL-INTERNATIO   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCIAL INTERNATIONAL &lt;CMMC> MAKES PURCHASE</TITLE>
+<DATELINE>    LOS ANGELES, March 17 - </DATELINE><BODY>Commercial International Corp said
+it has completed the previously-announced acquisition of most
+of the assets of Growers Distributing International Corp, a
+table grape marketer, for an undisclosed amount.
+    It said the entire purchase price will be payable over a
+three-year period and based on a percentage of pre-tax earnings
+of the acquired operation.
+    The company said it has an option to acquire Growers' cold
+storage facility and related assets in Tulare County, Calif.
+Growers is owned by Commercial chairman Sid Schuman Jr. and
+director Arnold T. Cattani Jr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10787" NEWID="5874">
+<DATE>17-MAR-1987 08:18:08.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4695&#31;reute
+d f BC-AMEX-CHANGED-STOP/STO   03-17 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX CHANGED STOP/STOP LIMIT ORDER POLICY</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>The American Stock Exchange said
+effective March Three it started allowing specialists to accept
+both stop orders and stop limit orders in which the stop price
+and limit price are not identical.
+    Previously, specialists were only allowed to accept stop
+order and stop limit orders in which the stop and limit prices
+were identical.  The Amex said floor officials may still
+prohibit specialists from accepting stop and stop limit orders
+that would be detrimental to the market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10788" NEWID="5875">
+<DATE>17-MAR-1987 08:18:18.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4696&#31;reute
+d f BC-&lt;TIMEX-CORP>-SELLS-UN   03-17 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TIMEX CORP> SELLS UNIT</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>&lt;Swiss Corp for Microelectronics and
+Watchmaking Industries> said it has acquired International time
+corp from privately-held Timex corp for undisclosed terms.
+    International Time is exclusive distributor of Swiss Corp's
+Tissot watches in the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10789" NEWID="5876">
+<DATE>17-MAR-1987 08:18:25.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4697&#31;reute
+d f BC-&lt;WAVEHILL-INTERNATION   03-17 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WAVEHILL INTERNATIONAL INC> MAKES PURCHSE</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Wavehill International Ventures Inc
+said it has completed the previously-announced acquisition of
+Personal Computer Rental corp for 500,000 restricted common
+shares, giving former shareholders of Personal Computer a 25
+pct interest in the combined company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10790" NEWID="5877">
+<DATE>17-MAR-1987 08:18:29.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4698&#31;reute
+d f BC-TRANSNET-&lt;TRNT>-TO-SE   03-17 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSNET &lt;TRNT> TO SERVICE LEADING EDGE PRODUCTS</TITLE>
+<DATELINE>    UNION, N.J., March 17 - </DATELINE><BODY>TransNet Corp said its TransNet
+Service Center in Mountainside, N.J., has been named an
+authorized service organization for &lt;Leading Edge> computer
+products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10791" NEWID="5878">
+<DATE>17-MAR-1987 08:18:33.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4699&#31;reute
+d f BC-IDENTIX-&lt;IDXX>-GETS-B   03-17 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDENTIX &lt;IDXX> GETS BANKAMERICA &lt;BAC> ORDER</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 17 - </DATELINE><BODY>Identix Inc said it has sold
+59 IDX-10 and IDX-50 identity verification systems to
+BankAmerica Corp for undisclosed terms.
+    It said deliveries have already started.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10792" NEWID="5879">
+<DATE>17-MAR-1987 08:22:16.60</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4701&#31;reute
+u f BC-ECONOMISTS-SEE-SLUGGI   03-17 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMISTS SEE SLUGGISH JAPANESE ECONOMY AHEAD</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>The Japanese economy will remain sluggish
+in the months ahead after turning in its worst performance for
+12 years in 1986, private economists said.
+    Consumer spending, a main driving force of domestic demand,
+was likely to remain lacklustre although brisk housing and
+business investment would help sustain the economy this year,
+the economists said.
+    They said they were shocked by an Economic Planning Agency
+report today that private spending fell 0.7 pct in the Oct/Dec
+quarter for the first time in 12 years.
+    The report said Japan's gross national product rose a real
+0.8 pct in Oct/Dec after a revised 0.7 pct increase in the
+previous quarter.
+    It said GNP growth for 1986 was a real 2.5 pct, down from
+4.7 pct in 1985. Agency officials said this was the worst
+performance since 1974 when GNP contracted 1.4 pct in the wake
+of the first oil crisis.
+    They expressed concern about the 0.7 pct decline in
+consumer spending in the final quarter of 1986 but said it was
+only temporary as exceptionally warm winter weather had
+depressed retail sales.
+    But most private economists disagreed and said consumers
+were likely to remain pessimistic in coming months as they saw
+their real income level off.
+    "Sure, consumers may have spent less on winter clothes or
+heating apparatus because of the warm winter this year, but
+they have done so because they have become even more uneasy
+about their future pay rises," said Shoji Saito, general manager
+of Mitsui Bank's economic research division.
+    He said the outlook for pay increases was gloomy because of
+ falling employment in many industries, particularly those hit
+hard by the yen's rise.
+    Masao Suzaki, senior economist at the Bank of Tokyo, said
+weakened consumer confidence was the most worrying factor.
+Without brisk consumer spending, Japan can hardly achieve
+domestically generated economic growth as the government has
+put a lid on fiscal measures, he said.
+    Other economists said the 0.8 pct growth registered in
+Oct/Dec may have been inflated by special factors, including
+exceptionally heavy spending in the public sector. Johsen
+Takahashi, chief economist at Mitsubishi Research Institute,
+said the 14.4 pct increase in public sector spending in Oct/Dec
+resulted from an issue of gold coins.
+    "This is just a one-shot spending and we can't expect that
+high level of public-sector consumption in the following
+quarter," Takahashi said. Agency officials said public spending
+would have risen 1.1 pct in Oct/Dec without the issue, which
+marked 60 years of Emperor Hirohito's reign.
+    Takahashi said the economy might contract in the current
+quarter given the lack of additional significant government
+spending and sluggish consumer spending.
+    Saito said the most effective government action would be
+income tax cuts and the postponement beyond next January of a
+proposed controversial sales tax.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10793" NEWID="5880">
+<DATE>17-MAR-1987 08:22:36.21</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f4702&#31;reute
+b f BC-COCOA-WORKING-GROUP-M   03-17 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA WORKING GROUP MEETING DELAYED</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The International Cocoa Organization
+(ICCO) buffer stock working group meeting set for 1130 GMT
+today was rescheduled for 1430, ICCO delegates said.
+    The meeting was delayed so a draft compromise proposal on
+buffer stock rules could be completed, they said.
+    ICCO Executive Director Kobena Erbynn was preparing the
+plan in consultation with other delegates for presentation to
+the full working group, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10794" NEWID="5881">
+<DATE>17-MAR-1987 08:25:36.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f4712&#31;reute
+u f AM-SAFRICA 1STLD  03-17 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEVEN KILLED IN BLACK SOUTH AFRICAN TOWNSHIP</TITLE>
+<DATELINE>    JOHANNESBURG, March 17 - </DATELINE><BODY>Seven black youths were knifed and
+shot to death today in a mass killing in the South African
+township of KwaMashu near the Indian Ocean city of Durban, the
+government reported.
+    The Bureau for Information said the bodies of the youths,
+aged from 15 to 17, were found lying together. "It looks like a
+mass execution," a spokesman said.
+    Local residents said tensions have been high in the teeming
+township since Thursday with periodic clashes between black
+radicals and supporters of the conservative Inkatha movement.
+    The bureau spokesman said the bodies, with knife and bullet
+wounds, were discovered this morning. No other details were
+immediately available, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10795" NEWID="5882">
+<DATE>17-MAR-1987 08:29:42.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4720&#31;reute
+r f BC-FINANCIAL-TIMES-ADDS   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL TIMES ADDS NEW INDICES</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>&lt;Goldman, Sachs and Co> said &lt;Pearson
+PLC's> Financial Times newspaper has started publishing the
+daily FT-Actuaries World Indices, which are jointly compiled
+with Goldman Sachs, broker &lt;Wood Mackenzie and Co Ltd> and the
+British Institute of Actuaries.
+    The company said the indices include a main world share
+index and indices plotting share prices in different
+geographical regions and individual countries, as well as a
+number of international industrial indices.
+    Goldman said the indices are based on the price of about
+2,400 issues from 23 stock markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10796" NEWID="5883">
+<DATE>17-MAR-1987 08:31:12.85</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f4722&#31;reute
+f f BC-******U.S.-FEB-HOUSIN   03-17 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FEB HOUSING STARTS ROSE 2.6 PCT TO 1.851 MLN, PERMITS ROSE 4.4 PCT TO 1.764 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10797" NEWID="5884">
+<DATE>17-MAR-1987 08:35:06.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4743&#31;reute
+r f BC-BOISE-CASCADE-&lt;BCC>-T   03-17 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOISE CASCADE &lt;BCC> TO REDEEM PREFERRED STOCK</TITLE>
+<DATELINE>    BOISE, March 17 - </DATELINE><BODY>Boise Cascade Corp said on April 30 it
+will redeem all 62,000 shares of its Series A three dlr
+cumulative convertible preferred stock at 65 dlrs per share.
+    The company said the shares are convertible through April
+29 into common stock at the rate of 0.84896 common share per
+preferred share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10798" NEWID="5885">
+<DATE>17-MAR-1987 08:35:51.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4746&#31;reute
+u f BC-U.K.-BUDGET-HOPES-BOO   03-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BUDGET HOPES BOOSTED BY PSBR DATA - ANALYSTS</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Data on the U.K.'s public sector
+borrowing requirement has boosted hopes of a large fiscal
+adjustment for the coming financial year, broking and banking
+analysts said.
+    Some analysts say that the Chancellor of the Exchequer
+Nigel Lawson may announce this afternoon a total of up to six
+billion stg in tax cuts and lower government borrowing targets.
+    Total PSBR in the first 11 months of the fiscal year of 100
+mln stg compares with a projected seven billion. Forecasts had
+generally been for a net repayment in February, but the 300 mln
+stg repayment was toward the better end of expectations.
+    March is usually a high-spending month, boosting the 11
+month figure at the end of the fiscal year. Nevertheless,
+Lawson is expected to downwardly revise the 1986/87 PSBR later
+today.
+    Until now, only the more optimistic forecasts put Lawson's
+room for manoeuvre as great as six billion stg for 1987/88,
+with many favouring a four billion of five billion package.
+    But Bill Martin, economist at brokers Phillips and Drew,
+said a six billion stg adjustment now looks within range, split
+between three billion off the PSBR and three billion off taxes.
+    Malcolm Roberts, of Salomon Bros International, also said
+six billion was within a credible range of forecasts.
+    Roberts added that he was now expecting Lawson to have at
+least five billion stg available following this morning's data,
+against his own previous estimates of around four billion.
+    He said today's 11 month PSBR figure was genuinely low,
+rather than distorted by unusual factors, which fuels pressure
+on Lawson to reduce next year's borrowing target. However, he
+forecast a March 1987 PSBR of 3.5 billion stg.
+    Peter Fellner, of brokers James Capel, cautioned that six
+billion still looks on the high side of expectations.
+    "Something like 4.5 (billion) or so is still more realistic,"
+he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10799" NEWID="5886">
+<DATE>17-MAR-1987 08:37:36.30</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f4750&#31;reute
+b f BC-/U.S.-HOUSING-STARTS   03-17 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSING STARTS ROSE 2.6 PCT IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>U.S. housing starts rose 2.6 pct in
+February to a seasonally adjusted annual rate of 1,851,000
+units, the Commerce Department said.
+    In January, housing starts fell a revised 0.5 pct to
+1,804,000 units. The department previously said they fell 0.1
+pct.
+    The rate at which permits were issued for future
+construction rose in February by 4.4 pct to a seasonally
+adjusted 1,764,000 units after falling 11.52 pct to 1,690,000
+units in January.
+    Permits for single-family houses fell in January by 6.6 pct
+to 1,091,000.
+    The number of permits for multi-family houses fell in
+February by 11.7 pct to 529,000 units after falling in January
+by 19.3 pct, the department said.
+    Housing starts in February included a seasonally adjusted
+5.6 pct rise in single family units to 1,317,000 units and a
+4.1 pct fall in multi-family homes to 534,000 units.
+    The seasonally adjusted permits total in February for
+single family units was 1,235,000 and for multi-family units
+was 529,000 units.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10800" NEWID="5887">
+<DATE>17-MAR-1987 08:38:41.60</DATE>
+<TOPICS><D>meal-feed</D></TOPICS>
+<PLACES><D>uk</D><D>chile</D><D>peru</D><D>norway</D><D>iceland</D><D>japan</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f4753&#31;reute
+u f BC-SOUTH-AMERICAN-FISH-M   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AMERICAN FISH MEAL PRODUCTION AT RECORD HIGH</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Production of fish meal by the three
+South American producers -- Chile, Peru and Equador -- last
+year reached 2.5 mln tonnes, equalling the record output of
+1970, the International Association of Fish Meal Manufacturers
+(IAFMM) said.
+    However, IAFMM said in a statement that it expected Chilean
+and Peruvian fish meal production in the first quarter of 1987
+to be much lower than the 651,000 tonnes produced in the last
+quarter of 1986, due to a ban on sardine fishing in Chile for
+the month of February and to adverse fishing conditions in Peru
+in the same month.
+    The statement added that, due to technical market promotion
+and energetic sales by Chile and Peru, the stock position at
+the end of the year remained reasonable.
+    Fish meal production outside South America decreased
+slightly, falling from 114,400 to 111,100 tonnes.
+    The IAFMM said fish meal consumption in 1986 rose in West
+Germany, Scandinavian countries, Eastern Europe and the Far
+East, but fell in the U.S. And remained static in the U.K.
+    It added that fish meal consumption had suffered from
+competition with feed grade tallow in the U.S. And with skimmed
+milk powder in the U.K.
+    IAFMM figures for fish oil production in the main producing
+nations, in thousands of tonnes, were -
+                    Oct/Dec            Jan/Dec
+                 1986    1985       1986     1985
+ CHILE             22       8        109       76
+ PERU              56      28        238      104
+ NORWAY            14      14         97      130
+ ICELAND           44      52        102      118
+ DENMARK           20      18         88       77
+ U.S.              10       8        152      129
+ JAPAN             67      91        213      249
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10801" NEWID="5888">
+<DATE>17-MAR-1987 08:47:38.36</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4779&#31;reute
+r f BC-TALKING-POINT/COPPER   03-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/COPPER STOCKS</TITLE>
+<AUTHOR>    By Steven Radwell, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Copper shares, which have lagged
+behind the market, should pick up steam this year on stronger
+demand and improving prices for the metal, analysts said.
+    "Copper prices should move up over the next four to six
+quarters," said Daniel Roling of Merrill Lynch and Co &lt;MER>. "I
+see average copper prices at 70 cts a pound in 1988, up from
+around 63 or 64 cts, based on tight supply and continued world
+economic growth."
+    Other analysts see metal prices ranging from 65 to 68 cts a
+pound this year and 70 to 73 cts in 1988.
+    Analysts said Phelps Dodge Corp &lt;PD> will be a strong
+performer because it is the largest U.S. copper producer.
+    But Asarco Inc &lt;AR>, with about 45 pct of total sales from
+copper, and Newmont Mining Corp &lt;NEM> are also potential
+winners, they said. Newmont is spinning off 85 pct of its
+copper operations to its shareholders.
+    "In theory, Phelps is the best stock. It's the purest play
+and benefits most from higher copper prices," one said.
+    William Siedenburg of Smith Barney Harris Upham and Co,
+said Phelps has lowered costs and streamlined mining
+operations. "They've accomplished a great deal," he said.
+    The company's move into carbon black, a product used in
+tires, should provide steady earnings, although not rapid
+growth, as a hedge against a copper downturn, Siedenburg said.
+He estimates Phelps will earn 2.45 dlrs in 1987 and 4.45 dlrs
+in 1988, including tax benefits, versus 1.79 dlrs in 1986.
+    Other analysts, including Clarence Morrison of Dean Witter
+Reynolds Inc and Merrill's Roling, also recommend Phelps.
+    Morrison projects Phelps will earn 3.25 dlrs in 1987 and
+four dlrs in 1988, while Roling sees earnings at 2.75 dlrs this
+year and around 3.50 dlrs next year.
+    "The stock can go to the mid 30s," Roling said, from its
+current level of around 30. But others see it climbing to 40.
+    "Their (Phelps Dodge) costs are so low, they don't need
+copper prices higher than 70 cts to make a lot of money," said
+Vahid Fathi of Prescott Ball and Turben Inc. "The shares will
+outperform the market over the next 18 months," he said.
+    But Nick Toufexis of Prudential-Bache Securities Inc says
+Newmont Mining is a more attractive investment. "We'd rather
+place our bets with Newmont. Any way you slice it, I see a
+significant premium to the current stock price," he said.
+    After the spinoff, which closes next month, Newmont will
+have gold operations, including 95 pct of Newmont Gold Co
+&lt;NGC>, a 15 pct stake in its copper unit and energy operations,
+Toufexis noted.
+    Analysts see Newmont earning 2.85 dlrs to three dlrs in
+1987 and about 3.75 dlrs in 1988, versus earnings of about 1.40
+dlrs from operations in 1986.
+    "I'd be buying up to 90," Toufexis said last week, when the
+stock rose sharply to near that level. "But the shares are
+probably worth about 108 dlrs (each)."
+    Dean Witter's Morrison and Fathi of Prescott Ball like
+Asarco, because of cost cutting and restructuring. Morrison
+sees 1987 earnings at 1.25 dlrs and 1988 at 1.75 against losses
+in 1986. Fathi projects Asarco will earn one dlr in 1987 and
+from three dlrs to 3.25 dlrs in 1988.
+    Roling of Merrill Lynch is recommending Cyprus Minerals Co
+&lt;CYPM> in addition to Phelps Dodge. Cyprus has interests in
+coal and other minerals aside from copper.
+    But Siedenburg of Smith Barney thinks Cyprus is overpriced
+at current levels. "I would be willing to sell Cyprus and buy
+Phelps Dodge if I were picking one copper stock," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10802" NEWID="5889">
+<DATE>17-MAR-1987 08:48:14.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4782&#31;reute
+b f BC-/KOHLBERG-KRAVIS-HAS   03-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOHLBERG KRAVIS HAS 96 PCT OWENS-ILLINOIS &lt;OI></TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>OII Holdings Corp, a company formed by
+Kohlberg Kravis Roberts and Co, said it received and purchased
+about 58.3 mln shares or 96 pct of Owens-Illinois Inc common
+stock and 50,275 of 4.75 dlr cumulative convertible preference
+shares of Owens, or about 83 pct.
+    The company said its tender offer for all common and
+preference shares expired last night. It said Owens-Illinois
+will be merged into a subsidiary of OII Holdings on March 24.
+Common shares not bought in the offer will be converted into
+the right to receive 60.50 dlrs per share in cash, the tender
+price.  The preference stock has been called.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10803" NEWID="5890">
+<DATE>17-MAR-1987 08:49:02.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f4786&#31;reute
+r f BC-ABM-GOLD-FILES-FOR-IN   03-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABM GOLD FILES FOR INITIAL OFFERING</TITLE>
+<DATELINE>    VANCOUVER, March 17 - </DATELINE><BODY>ABM Gold Corp said it has filed with
+the U.S. Securities and Exchange Commission for an initial
+public offering of six mln Class A common shares at an expected
+price of seven to nine U.S. dlrs each through underwriters led
+by PaineWebber Group Inc &lt;PWJ> and Advest Group Inc &lt;ADV>.
+    The company said it will use about 30.6 mln dlrs of the
+proceeds to buy from Sonora Gold Corp &lt;SONNF> 5,456,000 Sonora
+shares at 5.60 U.S. dlrs each, and Sonora will use about 25.0
+mln dlrs of its proceeds from that deal to buy 9,259,000 shares
+of &lt;Goldenbell Resources Inc> at 2.70 dlrs each.
+    ABM Gold said Sonora will use the 5,553,600 dlrs remaining
+to repay short-term debt and for working capital, and
+Goldenbell will use its own proceeds from the sale of shares to
+Sonora to provide about half the financing needed to complete
+the construction of production facilitiues for a property.
+    ABM said it will use another 8,120,000 dlrs of its proceeds
+to buy &lt;New Jersey Zinc Exploration Co>'s 15 pct interest in
+net operating profits derived from some Sonora properties.  ABM
+said it will trade this interest for 1,234,042 Sonoira shares
+valued at 6.58 dlrs each.
+    ABM Gold said it will use another 2,825,370 dlrs of the
+proceeds to buy from &lt;United Gold Corp> 1,053,000 United common
+shares at 2,29 dlrs each and exercise a warrant to buy another
+two mln common shares at 20.7 cts per share, with United to use
+its proceeds to fund exploration.
+    ABM gold manages and develops properties for Sonora,
+Goldenbell, United and Inca Resources Inc &lt;INCRF>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10804" NEWID="5891">
+<DATE>17-MAR-1987 08:57:16.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f4804&#31;reute
+r f BC-AM-BANK   03-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - U.S. BANKING REGULATION</TITLE>
+<AUTHOR>    By Kenneth Barry, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>U.S. banks are under pressure to
+meet vigorous competition, but Congress continues to duck hard
+choices on banking law reform that could benefit consumers.
+    Supporters say deregulating banking will increase
+competition, offer consumers more choices and bring lower fees
+for financial services and home mortgage interest rates.
+    But the Senate Banking Committee last week put off until
+later in the year decisions on pressing issues such as whether
+banks could enter new businesses like underwriting corporate
+debt and selling insurance and real estate.
+    The committee also reined in banks' competitors, the
+so-called nonbank banks, which elude the technical definition
+of a bank because they do not both accept deposits and make
+loans. The committee meeting room became a battleground for
+giants of the financial industry -- banks, brokerages,
+insurance firms, retail and industrial corporations -- with but
+little consideration given to the consumer.
+    The lobbies backed various amendments to protect their turf
+and a bill that rescues a federal deposit insurance fund for
+thrift institutions and puts a moratorium on any changes in
+banking law was passed and sent on to the full Senate.
+    The House of Representatives has yet to act.
+    Behind the political deals was the larger question whether
+Congress would end or modify the half-century-old separation of
+commercial and investment banking or leave it alone.
+    One argument in support of change is that fees for
+financial services would come down if Congress expands banks'
+powers.
+    Lower fees to underwrite mortgage-backed securities, for
+example, could lead to lower interest rates on home mortgages,
+supporters say.
+    "A lot of nonbanking firms have used loopholes to get into
+banking, but banks have not be allowed into any new businesses,"
+says Robert Litan of the Brookings Institution.
+    "We have been seeing a gigantic turf war," says Litan, who
+favors new powers for banks if deposits are safeguarded.
+    The swirl of corporate mergers and the financial
+information explosion have blurred the distinction between the
+activities of banks and security brokerages.
+    On a wider horizon, U.S. financial institutions face
+stepped-up competition from financial centers like London and
+Tokyo in international transactions.
+    West German and Japanese banking is more concentrated in a
+few, large banks, while most European countries allow banking
+and securities to be mixed.
+    All these forces put pressure on U.S. financial firms to
+adapt to change, but the congressional debate over reform drags
+on. The committee's bill put a freeze on any changes and its
+chairman, Senator William Proxmire, promised to return the
+issues in October. If approved by Congress, the bill would
+postpone applications before the Federal Reserve for new powers
+to three of the largest banks -- Citicorp, J.P. Morgan and
+Bankers Trust.
+    Other industries where regulatory barriers have fallen have
+experienced lower fees, the emergence of new players and
+accelerated innovation.
+    But these advances in airlines, trucking, and
+telecommunications have not been without drawbacks. Companies
+that were slow to adapt disappeared under the new competitive
+regime, while the public faced a bewildering number of new
+choices. The Reagan administration favors bank reform.
+    The traditional method companies use to raise funds --
+borrowing from banks -- has given way to selling corporate debt
+and other new securities that are off limits to banks.
+    But critics say the soundness of the banking system created
+by such laws as the 1933 Glass-Steagall Act would be
+undermined.
+    Banks are treated as special and shielded from the
+marketplace's vagaries by the Federal Deposit Insurance Corp.
+The Federal Savings and Loan Insurance Corp (FSLIC) performs
+the same function for thrifts.
+    The one issue the committee did act on which benefits
+consumers is new funding for the federal insurance fund for
+deposits at savings and loan associations, which has fallen to
+its lowest ratio of reserves to deposits in history.
+    Despite efforts toward change in Congress, a ban on
+interstate banking remains.
+    The barriers are crumbling anyway because state
+legislatures are agreeing to permit bank mergers across state
+lines within a region.
+    Congress is proceeding cautiously, having in mind the
+banking industry's tribulations in the early 1930's.
+    But some say it is moving too cautiously for banks to keep
+pace with what is happening in business here and around the
+world.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10805" NEWID="5892">
+<DATE>17-MAR-1987 08:59:15.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>guyana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f4812&#31;reute
+d f BC-GUYANA-PRESIDENT-CALL   03-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUYANA PRESIDENT CALLS POISON SCARE "MISCHIEVOUS"</TITLE>
+<DATELINE>    GEORGETOWN, March 17 - </DATELINE><BODY>President Desmond Hoyte said recent
+reports of widespread thallium sulphate poisoning in Guyana
+were mischievous and had gravely damaged the country's food
+exports.
+    "There is no thallium sulphate poisoning epidemic in Guyana,
+as has been rumored," Hoyte said in a radio address late Sunday.
+    Reports of a spate of poisonings from the chemical had led
+some newspapers in the Caribbean to call for a ban on food
+exports from Guyana, and Trinidad and Tobago had restricted
+imports of Guyanese rice, Hoyte said.
+    Thallium sulphate, banned in many countries and blacklisted
+since 1973 by the World Health Organization as a deadly
+chemical, has been used by Guyana's state sugar corporation as
+a rodent poison.
+    Calling the reports a "mischievous invention," Hoyte said
+tests had shown some of Guyana's main exports, such as wheat
+and flour, were not contaminated.
+    Hoyte based his statements on tests conducted by the WHO
+and the Pan American Health Organization, which found only
+seven cases of thallium sulphate poisoning thus far.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10806" NEWID="5893">
+<DATE>17-MAR-1987 09:03:50.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4828&#31;reute
+d f BC-ADMAR-GROUP-&lt;ADMR>-OP   03-17 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADMAR GROUP &lt;ADMR> OPENING NEW OFFICE</TITLE>
+<DATELINE>    BOSTON, March 17 - </DATELINE><BODY>Admar Group Inc said it will open a new
+Eastern Operations Center for its HealthWatch Medical Review
+System in Dedham, Mass., by April One.
+    The company said it will also make its Med Network
+multistate preferred provide organisation available in the
+Boston area during the second quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10807" NEWID="5894">
+<DATE>17-MAR-1987 09:06:24.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4835&#31;reute
+d f BC-MACGREGOR-SPORTING-GO   03-17 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACGREGOR SPORTING GOODS INC &lt;MGS>2ND QTR JAN 31</TITLE>
+<DATELINE>    EAST RUTHERFORD, N.J., March 17 -
+    </DATELINE><BODY>Shr one cent vs nine cts
+    Net 51,057 vs 554,878
+    Sales 24.5 mln vs 21.3 mln
+    First half
+    Shr 15 cts vs five cts
+    Net 1,026,479 vs 313,676
+    Sales 48.4 mln vs 37.4 mln
+    NOTE: Net includes gains of 28,000 dlrs, or one cent a
+share, vs 61,000 dlrs, or seven cts a share, in quarter and
+453,000 dlrs, or seven cts a share, vs 61,000 dlrs, or one cent
+a share, in half from tax loss carryforward
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10808" NEWID="5895">
+<DATE>17-MAR-1987 09:07:40.52</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>belgium</D></PLACES>
+<PEOPLE><D>de-clercq</D><D>yeutter</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f4836&#31;reute
+u f BC-EC-WARNS-U.S.-AND-JAP   03-17 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC WARNS U.S. AND JAPAN ON TRADE TENSIONS</TITLE>
+<DATELINE>    BRUSSELS, March 17 - </DATELINE><BODY>The European Community (EC) yesterday
+warned Japan and the United States, its main trading partners,
+that friction over trade issues is affecting the EC's relations
+with both countries.
+    EC foreign ministers issued a statement deploring Japan's
+continued trade imbalance and appealed for the country to make
+a greater effort to open up its markets. They also said they
+were disturbed by a draft bill before the U.S. Congress that
+would impose permanent quotas on textile imports and were
+prepared to react. The U.S. Administration has already
+distanced itself from the bill.
+    EC External Trade Commissioner Willy De Clercq has written
+to his U.S. Counterpart, Trade Representative Clayton Yeutter,
+outlining the EC's concerns.
+    The statement said ministers were very disturbed by U.S.
+Moves towards protectionism. "The adoption of such measures
+would not fail to have a negative effect on the process of
+multilateral negotiations just started, as well as on bilateral
+relations," it said.
+    Any unilateral U.S. Moves would leave the EC no option but
+to react according to the laws of the General Agreement on
+Tariffs and Trade, it said.
+    In a separate statement on Japan, the EC ministers said
+they "deplore the continued aggravation of the imbalance in
+trade (and) expect Japan to open up its market more."
+    The statement said the EC would continue to insist that
+Japan boost imports and stimulate domestic demand.
+    Ministers also called on the EC Commission to prepare a
+report on U.S.-Japanese trade for July this year to enable them
+to take appropriate action where necessary.
+    One diplomat said the call for a report showed ministers
+were determined not to let the Japanese question drop. "It will
+be back on the table again and again," the diplomat said.
+    De Clercq, talking to journalists during the meeting, said,
+"There is a certain nervousness, a growing impatience within the
+Community concerning trade relations with Japan."
+    But diplomats said the EC is keen to negotiate with Tokyo
+to solve the problem rather than embark on a costly and
+damaging trade war, and the ministers called for more
+cooperation with Japan in industry and research.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10809" NEWID="5896">
+<DATE>17-MAR-1987 09:07:49.57</DATE>
+<TOPICS><D>livestock</D><D>l-cattle</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f4837&#31;reute
+b f BC-RENEWED-BULL-SPREADIN   03-17 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENEWED BULL SPREADING LIKELY ON CATTLE REPORT</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Livestock analysts expect renewed bull
+spreading in live cattle futures following yesterday's USDA
+7-state cattle on feed report.
+    The USDA reported high placements in February, which may
+weigh on back months of cattle futures. Meanwhile, continued
+strong marketings during the month will support the April
+contract.
+    Contracts for June delivery forward could open 25 to 50
+cents lower while April will likely open about steady, analysts
+said.
+    Cheap corn is still the main incentive for putting cattle
+on feed, according to Smith Barney livestock analyst Tom
+O'Hare. "They have no place to send the grain," he said.
+    Strong daily fundamentals may add to nearby support while
+the current discount of deferred months to the cash market may
+offset much of the effect of the report, analysts said.
+    "The cash market is strong and may overshadow the report,"
+said Robin Fuller, analyst for Agri Analysis. She added that
+even though placements came in above the average trade guess,
+many traders had expected high placements.
+    Placements are not that negative, especially since the
+technical correction in June and August live cattle futures
+since last week, GH Miller analyst Jerry Gidel said.
+    He said the current marketing posture will provide added
+support to the nearby month. Feedlot marketings have been
+running at a heavier than expected pace.
+    Chuck Levitt, analyst for Shearson Lehman said that with
+the number of cattle on feed down five pct at the beginning of
+the year, a three pct decline in marketings was expected. But
+the report for January showed marketings at 101 pct of a year
+ago and in February marketings were at 100 pct, Levitt noted.
+    "So far we haven't seen any decline in marketings. They
+(feedlot operators) are marketing more cattle than they had
+intended for the first quarter, which is a bullish
+development," Levitt said.
+    Gidel also noted that marketings for the early part of
+March are running ahead of a year ago. Feedlots are not falling
+behind and are holding that 100 pct marketing pace.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10810" NEWID="5897">
+<DATE>17-MAR-1987 09:08:37.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4840&#31;reute
+r f BC-TANDEM-&lt;TNDM>-APPLIES   03-17 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDEM &lt;TNDM> APPLIES FOR NYSE LISTING</TITLE>
+<DATELINE>    CUPERTINO, Calif., March 17 - </DATELINE><BODY>Tandem Computers Inc said it
+has applied for a New York Stock Exchange listing and expects
+to start trading there by mid-April.
+    Tandem's stock is now traded on the NASDAQ system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10811" NEWID="5898">
+<DATE>17-MAR-1987 09:08:59.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4842&#31;reute
+d f BC-MICROBILT-CORP-&lt;BILT>   03-17 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROBILT CORP &lt;BILT> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    ATLANTA, March 17 -
+    </DATELINE><BODY>Shr 15 cts vs 14 cts
+    Net 614,000 vs 449,000
+    Revs 4,186,000 vs 4,124,000
+    Avg shrs 4,131,000 vs 3,321,000
+    Year
+    Shr 47 cts vs 42 cts
+    Net 1,768,000 vs 1,394,000
+    Revs 15.0 mln vs 12.5 mln
+    Avg shrs 3,799,000 vs 3,324,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10812" NEWID="5899">
+<DATE>17-MAR-1987 09:14:02.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4853&#31;reute
+r f BC-SHAMROCK-HOLDINGS-UNI   03-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAMROCK HOLDINGS UNIT AQUIRES SOFTWARE COMPANY</TITLE>
+<DATELINE>    BURBANK, Calif., March 16 - </DATELINE><BODY>&lt;Shamrock Holdings Inc> said
+its subsidiary, Shamrock Holdings of California, acquired
+controlling interest in &lt;DBMS Inc> through the purchase of
+575,000 shares of its preferred stock.
+    The company said the stock was purchased for an undisclosed
+amount from an unnamed group of investors.
+    Shamrock said Raymond Nawara, a former executive vice
+president of DBMS, a privately-held software company, also
+granted it options and voting rights on a major portion of his
+shares of common stock.
+   
+    The combination of preferred and common stock holdings
+permit Shamrock and Nawara to exercise voting control over
+approximately 53 pct of the shares of the company.
+    Shamrock also said Nawara has been elected president of
+DBMS and one of its directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10813" NEWID="5900">
+<DATE>17-MAR-1987 09:15:19.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4859&#31;reute
+d f BC-CREDIT-AGRICOLE-REPLA   03-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT AGRICOLE REPLACES BNP IN HACHETTE TV BID</TITLE>
+<DATELINE>    PARIS, March 17 - </DATELINE><BODY>French state agricultural bank &lt;Caisse
+Nationale du Credit Agricole> has joined the group led by
+publishing house &lt;Hachette> which is bidding for control of the
+state television station TF1, replacing &lt;Banque Nationale de
+Paris> which has withdrawn, Hachette said in a statement.
+    Credit Agricole's stake in the consortium will be 3.5 pct.
+    Last week the broadcasting supervisory board asked Hachette
+to remove BNP from the consortium because the bank had acted as
+adviser to the government for the imminent privatisation of
+TF1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10814" NEWID="5901">
+<DATE>17-MAR-1987 09:16:07.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4863&#31;reute
+u f BC-PAYLESS-CASHWAYS-INC   03-17 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAYLESS CASHWAYS INC &lt;PCI> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    KANSAS CITY, MO., March 17 -
+    </DATELINE><BODY>Shr 10 cts vs seven cts
+    Net 3,501,000 vs 2,420,000
+    Sales 332.7 mln vs 274.9 mln
+    Qtly div four cts vs four cts prior
+    Pay April Six
+    Record March Six
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10815" NEWID="5902">
+<DATE>17-MAR-1987 09:16:51.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4867&#31;reute
+r f BC-FRANCE-APPROVES-WATER   03-17 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE APPROVES WATERMAN ACQUISITION BY GILLETTE</TITLE>
+<DATELINE>    PARIS, March 17 - </DATELINE><BODY>Gillette Co &lt;GS> exercised an option to
+take a 51.2 pct stake in the French pen firm Waterman which it
+had previously been authorised to do by the French government,
+the French stockbrokers' association (CSAC) said.
+    Gillette has given an undertaking to intervene on the
+Bourse until April 7 to prevent Waterman shares from falling
+below 650 francs, it added.
+    This compares with yesterday's rate of 625 francs.
+    Under the agreement concluded last November between
+Waterman owners Francine and Grace Le Foyer-Gomez and Alice
+Lundgren and the Gillette group, Gillette agreed to acquire
+51.2 pct of the capital of Waterman at 700 francs a share.
+    Gillette is buying a total 180,000 shares, valuing the deal
+at 126 mln francs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10816" NEWID="5903">
+<DATE>17-MAR-1987 09:18:37.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4878&#31;reute
+d f BC-GENETICS-INSTITUTE-&lt;G   03-17 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENETICS INSTITUTE &lt;GENI> BUYS PLANT</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 17 - </DATELINE><BODY>Genetics Institute Inc said it
+has purchased a 139,000 square foot plant on 50 acres in
+Andover, Mass., to which it will move all of its process
+development and pilot and clinical production groups from its
+Cambridge, Mass., headquarters, from Henley Group Inc &lt;HENG>
+for 15.3 mln dlrs.
+    Genetics said the purchase of the plant will allow a
+fourfold expansion of its pilot and clinical production
+facilities for biotechnology-based human pharmaceuticals.
+    The company said it plans to invest another 20 mln dlrs to
+equip the facility for process development activities and
+clinical scale production.  Construction is to be completed by
+late 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10817" NEWID="5904">
+<DATE>17-MAR-1987 09:19:30.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4882&#31;reute
+d f BC-AIRBORNE-FREIGHT-&lt;ABF   03-17 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRBORNE FREIGHT &lt;ABF> GETS IBM &lt;IBM> CONTRACT</TITLE>
+<DATELINE>    SEATTLE, March 17 - </DATELINE><BODY>Airborne Freight Corp said it has
+received a three-year contract to be primary overnight carrier
+for International Business Machines Corp's domestic air express
+traffic.
+    The company had previously shared IBM domestic traffic with
+several other carriers.  It said the contract includes
+overnight and two-day express services for packages 150 pounds
+and under.  Financial details were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10818" NEWID="5905">
+<DATE>17-MAR-1987 09:19:35.66</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4883&#31;reute
+b f BC-U.K.-MONEY-MARKET-SHO   03-17 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The Bank of England said it had revised
+its forecast of the shortage in the money market today down to
+400 mln stg from 450 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10819" NEWID="5906">
+<DATE>17-MAR-1987 09:19:38.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4884&#31;reute
+d f BC-NOEL-INDUSTRIES-INC-&lt;   03-17 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOEL INDUSTRIES INC &lt;NOL> 1ST QTR JAN 31 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Shr loss 26 cts vs loss 12 cts
+    Net loss 289,649 vs loss 138,372
+    Revs 5,944,286 vs 5,902,074
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10820" NEWID="5907">
+<DATE>17-MAR-1987 09:19:50.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4885&#31;reute
+d f BC-LUFTHANSA-SETS-WASHIN   03-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUFTHANSA SETS WASHINGTON/FRANKFURT SERVICE</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>&lt;Deutsche Lufthansa AG> said on
+April 1 it will start nonstop service between Washington and
+Frankfurt, initially operating four roundtrips weekly.
+    It said frequency of the McDonnell Douglas Corp &lt;MD> DC-10
+flights will rise to five times weekly on April 26.
+    It said the lowest priced Holiday fares on the route,
+requiring 21-day advance payment, will be 449 dlrs roundtrip in
+April, 672 dlrs midweek in May and from September 15 to October
+30 and 799 dlrs midweek for the summer months.                 
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10821" NEWID="5908">
+<DATE>17-MAR-1987 09:30:47.88</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f4905&#31;reute
+d f BC-JAPAN-ALERTS-GATT-TO   03-17 0144</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ALERTS GATT TO SOUTH KOREA IMPORT PLAN</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>Japan told the General Agreement on
+Tariffs and Trade that South Korea's five-year import
+diversification plan violated the spirit of the world trade
+governing body, a Foreign Ministry spokesman said.
+    The notification came in Japan's answer to a recent GATT
+questionnaire on unfair trade practices, the spokesman said.
+    In the five-year plan, which starts this year, South Korea
+aims to reduce its dependency on Japan as a source of imported
+goods and to increase imports from the U.S. And Europe.
+    Japan's move came after several unsuccessful bilateral
+negotiations on the plan, the spokesman said. "The notification
+does not represent anything resembling a formal complaint, nor
+is it intended to pressure South Korea. It is a routine
+procedure followed by all other GATT member states."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10822" NEWID="5909">
+<DATE>17-MAR-1987 09:32:07.17</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4908&#31;reute
+b f BC-U.K.-MONEY-MARKET-REC   03-17 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET RECEIVES 16 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with 16 mln stg help in the afternoon session.
+    The Bank did not operate in the market in the morning and
+earlier revised its estimate of the shortage in the system
+today down to 400 mln stg from 450 mln.
+    The central bank purchased bills outright in band one at
+10-3/8 pct comprising two mln stg of local authority bills and
+14 mln stg of bank bills.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10823" NEWID="5910">
+<DATE>17-MAR-1987 09:32:54.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4914&#31;reute
+r f BC-ATICO-FINANCIAL-&lt;ATFC   03-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATICO FINANCIAL &lt;ATFC> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    MIAMI, March 17 - </DATELINE><BODY>Atico Financial Corp said it has executed
+a definitive agreement to acquire 93.5 pct of Intercontinental
+Bank of Dade County, Fla., from Intercontinental Bank Holding
+Co for an undisclosed amount of cash and common stock.
+    It said closing is subject to regulatory approval.
+    Atico said in connection with the acquisition it will apply
+to become a registered bank holding company and convert its 99
+npct owned Atico Savings Bank subsidiary to a state-chartered
+commercial bank.
+    Intercontinental had year-end assets of about 487 mln dlrs.
+    Atico had year-end assets of about 534 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10824" NEWID="5911">
+<DATE>17-MAR-1987 09:33:30.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4918&#31;reute
+r f BC-CLOTHESTIME-INC-&lt;CTME   03-17 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLOTHESTIME INC &lt;CTME> 4TH QTR NET</TITLE>
+<DATELINE>    ANAHEIM, Calif., March 17 -
+    </DATELINE><BODY>Shr 12 cts vs 10 cts
+    Net 1,683,000 vs 1,407,000
+    Revs 42.2 mln vs 28.8 mln
+    12 mths
+    Shr 83 cts vs 70 cts
+    Net 11.9 mln vs 10.0 mln
+    Revs 160.3 mln vs 126.5 mln
+    NOTE: prior qtr and yr ended Jan 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10825" NEWID="5912">
+<DATE>17-MAR-1987 09:33:36.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4919&#31;reute
+d f BC-CHARTER-CRELLIN-INC-&lt;   03-17 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARTER-CRELLIN INC &lt;CRTR> YEAR NET</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Shr 1.40 dlrs vs 1.38 dlrs
+    Net 1,928,800 vs 1,485,600
+    Sales 35.2 mln vs 33.5 mln
+    Avg shrs 1,350,800 vs one mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10826" NEWID="5913">
+<DATE>17-MAR-1987 09:33:42.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f4920&#31;reute
+d f BC-sensormatic-canada-lt   03-17 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SENSORMATIC CANADA LTD> YEAR NET</TITLE>
+<DATELINE>    Montreal, March 17 -
+    </DATELINE><BODY>Shr 26 cts vs 18 cts
+    Net 879,000 vs 615,000
+    Revs 6,394,000 vs 5,561,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10827" NEWID="5914">
+<DATE>17-MAR-1987 09:33:48.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4921&#31;reute
+s f BC-DIME-SAVINGS-BANK-OF   03-17 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIME SAVINGS BANK OF WALLINGFORD &lt;DIBK> PAYOUT</TITLE>
+<DATELINE>    WALLINGFORD, Conn., March 17 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay April 30
+    Record April Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10828" NEWID="5915">
+<DATE>17-MAR-1987 09:35:08.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4924&#31;reute
+f f BC-******BAKER-INTERNATI   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BAKER INTERNATIONAL TO SELL ELECTRIC SUBMERSIBLE OILWELL PUMP UNIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10829" NEWID="5916">
+<DATE>17-MAR-1987 09:35:55.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4925&#31;reute
+b f BC-KAYABA-INDUSTRY-ISSUE   03-17 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAYABA INDUSTRY ISSUES 50 MLN SWISS FRANC NOTES</TITLE>
+<DATELINE>    ZURICH, March 17 - </DATELINE><BODY>Kayaba Industry Co Ltd is privately
+placing 50 mln Swiss francs of five year straight notes with a
+4-3/4 pct coupon and 100.25 issue price, lead manager Credit
+Suisse said.
+    Payment is due March 31.
+    The issue is guaranteed by Fuji Bank Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10830" NEWID="5917">
+<DATE>17-MAR-1987 09:37:48.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4930&#31;reute
+d f BC-LUFTHANSA-SAYS-FARE-P   03-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUFTHANSA SAYS FARE POLICY IN LINE WITH EC RULES</TITLE>
+<DATELINE>    BONN, March 17 - </DATELINE><BODY>The West German airline, Deutsche
+Lufthansa AG, believes the way it decides fares is in line with
+European Community (EC) guidelines despite an official probe, a
+company spokesman said today.
+    The Federal Cartel Office in West Berlin is investigating
+whether agreements reached by European airlines over fares are
+a breach of EC regulations on competition.
+    Hubertus Schoen, the Cartel Office's spokesman, said the
+investigation had been running for some weeks.
+    A spokesman for Lufthansa told Reuters: "Lufthansa presumes
+that the way we decide fares corresponds with EC regulations."
+    Airlines did not traditionally have to comply with a clause
+in the Community's treaty forbidding companies in member states
+from reaching accords likely to hinder free competition.
+    However, Schoen said that last year the European Court of
+Justice had ruled that this clause should also apply to air
+traffic. The Cartel Office"s probe came in the wake of this.
+    The Office had not yet officially contacted Lufthansa, but
+Schoen said the airline would be asked for information about
+the way fares were decided.
+    It would then be decided if the practice was a breach of
+article 85 of the EC treaty.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10831" NEWID="5918">
+<DATE>17-MAR-1987 09:38:50.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4931&#31;reute
+u f BC-SWISSAIR-JANUARY-TRAF   03-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISSAIR JANUARY TRAFFIC UP, REVENUE DOWN</TITLE>
+<DATELINE>    ZURICH, March 17 - </DATELINE><BODY>Swissair &lt;SWSZ.Z> said its overall load
+factor for January was steady at 58 pct compared to the same
+period a year ago. Its seat load factor dipped to 58 pct in
+January from 59 pct in 1986.
+    A six pct rise in overall traffic in the month came on
+tonne-km capacity eight pct higher than a year ago.
+    Cargo traffic in the month was 10 pct higher than a year
+earlier and passenger traffic was up five pct, but unfavourable
+currency rates led to an eight pct fall in revenue.
+    Costs before depreciation were down nine pct in the month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10832" NEWID="5919">
+<DATE>17-MAR-1987 09:40:54.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f4937&#31;reute
+u f BC-BAKER-&lt;BKO>-TO-SELL-O   03-17 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER &lt;BKO> TO SELL OILWELL PUMP UNIT</TITLE>
+<DATELINE>    HOUSTON, March 17 - </DATELINE><BODY>Baker International Corp said it has
+signed a definitive agreement to sell the assets and business
+of the electric submersible oilwell pump product line in the
+continental U.S. of its Baker Oil Tools Inc subsidiary to Trico
+Industries Inc &lt;TRO> for an undisclosed amount of cash and
+other consideration.
+    The company said the transaction is subject to Hughes Tool
+Co &lt;HT> and Baker shareholder approval of the Baker/Hughes
+merger. The U.S. Justice Department has announced that it will
+require divestiture of the product line for approval of the
+merger.
+    Baker said the transaction is subject to approval by the
+Justice Department and the boards of Baker, Hughes and Trico.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10833" NEWID="5920">
+<DATE>17-MAR-1987 09:41:05.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f4938&#31;reute
+u f BC-/NO-MAJOR-FARM-POLICY   03-17 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO MAJOR FARM POLICY CHANGES THIS YEAR - DOLE</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>There will be no significant changes
+in U.S. agricultural policy this year, said Senate Minority
+leader Robert Dole (R-Kan).
+    Speaking at the annual convention of National Grain and
+Feed Association, Dole said that while the current farm bill is
+not perfect, "I still believe it is a step in the right
+direction."
+    Dole said he would like to reduce the costs of the program
+but that expenditures will continue to be high until the U.S.
+becomes more aggressive in its export policy through either the
+broader use of the Export Enhancement Program or the
+implementation of a market loan for wheat and feed grains.
+    Commenting on whether the U.S. should offer the Soviet
+Union subsidized grain, Dole said, "If your going to trade with
+the Soviet Union you have to be competitive."
+    He said one way to get around the problem of making direct
+subsidies to the Soviets would be to implement a market loan,
+which he said would make U.S. commodity prices competitive.
+    Prospects for passage of mandatory production controls,
+specifically the Harkin-Gephardt mandatory bill, are not good,
+he said. "Mandatory has less support now than it did a year ago
+and it will have even less support when people understand it,"
+he said.
+    If the House passes a pending 0/92 bill for 1987 winter
+wheat, the Senate will try to address 0/92 for a one year
+period, Dole added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10834" NEWID="5921">
+<DATE>17-MAR-1987 09:42:30.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4944&#31;reute
+r f BC-AMERICAN-CITY-BUSINES   03-17 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CITY BUSINESS JOURNALS SHIFTS OFFICERS</TITLE>
+<DATELINE>    KANSAS CITY, March 17 - </DATELINE><BODY>American City Business Journals Inc
+&lt;AMBJ> said its president and chief operating officer, Armon
+Mills, is stepping down to head a field management team.
+    The company said it is realigning its management to
+accommodate its unexpected growth through acquisitions. The
+company said it has grown from two business journals to 36.
+    Other changes include vice chairman William Worley assuming
+the role of president, while sharing chief executive duties
+with chairman Michael Russell.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10835" NEWID="5922">
+<DATE>17-MAR-1987 09:43:17.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f4947&#31;reute
+r f BC-canadian-foremost-ltd   03-17 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CANADIAN FOREMOST LTD> YEAR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 17 -
+    </DATELINE><BODY>Shr 38 cts vs 92 cts
+    Net 1,042,000 vs 2,510,000
+    Revs 20.6 mln vs 29.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10836" NEWID="5923">
+<DATE>17-MAR-1987 09:43:24.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4948&#31;reute
+r f BC-SUNGARD-DATA-&lt;SNDT>-S   03-17 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNGARD DATA &lt;SNDT> SHARE OFFERING STARTS</TITLE>
+<DATELINE>    WAYNE, Pa., March 17 - </DATELINE><BODY>SunGard Data Systems Inc said an
+offering of 1,200,000 common shares is underway at 18.25 dlrs
+each through underwriters led by Alex. Brown and Sons Inc
+&lt;ABSB> and L.F. Rothschild, Unterberg, Towbin Inc &lt;R>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10837" NEWID="5924">
+<DATE>17-MAR-1987 09:43:35.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4949&#31;reute
+d f BC-C.-ITOH-UNIT-SETS-BUY   03-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C. ITOH UNIT SETS BUYER FINANCING PROGRAM</TITLE>
+<DATELINE>    IRVINE, Calif., March 17 - </DATELINE><BODY>CIE Systems Inc, a unit of C.
+Itoh Electronics Inc, said it established a program to provide
+lease and lease-purchase financing for buyers of its business
+computer systems and electronic products.
+    The program will be administered by CFC Leasing, an
+independent company, and more than 100 mln dlrs in funds are
+expected to be available over the next four years from a
+consortium of six financial institutions, the company said.
+    C. Itoh Electronics Inc is a U.S. unit of (C. Itoh and Co
+Ltd) of Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10838" NEWID="5925">
+<DATE>17-MAR-1987 09:43:44.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4950&#31;reute
+d f BC-IMMUNOGENETICS-INC-&lt;I   03-17 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMMUNOGENETICS INC &lt;IGEN> YEAR NET</TITLE>
+<DATELINE>    VINELAND, N.J., March 17 -
+    </DATELINE><BODY>Oper shr profit eight cts vs loss eight cts
+    Oper net profit 604,996 vs loss 615,345
+    Sales 18.4 mln vs 17.8 mln
+    NOTE: Net excludes losses from discontinued operations of
+156,098 dlrs vs 732,924 dlrs.
+    1986 net excludes tax credits of 271,538 dlrs.
+    1985 net includes gain 480,0009 dlrs from reversl of
+recapture taxes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10839" NEWID="5926">
+<DATE>17-MAR-1987 09:43:50.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f4951&#31;reute
+d f BC-&lt;scurry-rainbow-oil-l   03-17 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SCURRY-RAINBOW OIL LTD> 1ST QTR DEC 31 NET</TITLE>
+<DATELINE>    Calgary, Alberta, March 16 -
+    </DATELINE><BODY>Shr 31 cts vs 53 cts
+    Net 4.2 mln vs 7.1 mln
+    Revs 16.1 mln vs 27.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10840" NEWID="5927">
+<DATE>17-MAR-1987 09:46:34.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4955&#31;reute
+b f BC-EIB-ISSUES-400-MLN-MA   03-17 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIB ISSUES 400 MLN MARK EUROBOND</TITLE>
+<DATELINE>    FRANKFURT, March 17 - </DATELINE><BODY>The European Investment Bank, EIB, is
+raising 400 mln marks through a 10-year eurobond carrying a
+coupon of 6-1/8 pct and priced at 100-1/4, market sources said.
+    Deutsche Bank AG will be lead managing the issue, the
+sources added. No further details were immediately available.
+    Deutsche later confirmed the details and added the issue
+would be sold in denominations of 1,000 and 10,000 marks.
+    Interest will be paid annually on April 7 and the bond
+matures on the same day in 1997. Payment date is also April 7.
+    The borrower has the option of redeeming the bonds from
+1994 at 100-3/4, then declining by 1/4 point annually until
+maturity.
+    Fees total 1-3/4 pct, with 1-1/8 pct for selling, 3/8 pct
+for underwriting and 1/4 pct for management, Deutsche said.
+    The bond will be listed in West Berlin, Duesseldorf,
+Frankfurt, Hamburg and Munich.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10841" NEWID="5928">
+<DATE>17-MAR-1987 09:51:08.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f4971&#31;reute
+u f BC-slaughter-guesstimate   03-17 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 290,000 to 307,000 head versus
+302,000 week ago and 297,000 a year ago.
+    Cattle slaughter is guesstimated at about 120,000 to
+125,000 head versus 130,000 week ago and 124,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10842" NEWID="5929">
+<DATE>17-MAR-1987 09:52:31.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE><D>schlueter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f4975&#31;reute
+u f BC-DANISH-CREDIT-DOWNGRA   03-17 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH CREDIT DOWNGRADING UNIMPORTANT - PREMIER</TITLE>
+<DATELINE>    COPENHAGEN, March 17 - </DATELINE><BODY>Prime Minister Poul Schlueter said
+the downgrading of Denmark's credit rating by the U.S. Standard
+and Poor's Corp was regrettable but of little practical
+importance.
+    3tandard and Poor's yesterday lowered the rating on Danish
+long-term external debt to AA from AA-plus, saying Denmark was
+less competitive with rising labour costs and this would worsen
+the external account deficit and increase external debt.
+    Schlueter told journalists after the weekly cabinet
+meeting: "It is regrettable that they have taken a plus from us,
+but the change will not have much practical significance."
+    He was echoing comments by central bank governor Erik
+Hoffmeyer, who was quoted by the daily Politiken as saying the
+downgrading would have little effect on Denmark's borrowing
+capability or the interest it paid on loans.
+    But some bank economists said the lower rating would
+increase the cost of national borrowing to finance the external
+current account deficit, which rose to a record 34.5 billion
+crowns in 1986.
+    Denmark had total foreign debt of over 260 mln crowns at
+the end of 1986.
+    Finance Minister Palle Simonsen said in a statement last
+night that the downgrading, the second in four years, should
+not be over-dramatised, pointing out that the government had
+already imposed a series of austerity measures to limit
+consumption and was willing to act again if necessary.
+    Prices fell steeply when the Danish bond market opened but
+recovered somewhat after the central bank cut the overnight
+money market lending rate to 10.5 pct from 11 pct.
+    The bank said the cut was due to an inflow of foreign
+currency in March, following stabler currency relations after
+January's EMS realignment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10843" NEWID="5930">
+<DATE>17-MAR-1987 09:53:31.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4982&#31;reute
+d f BC-MCRAE-INDUSTRIES-INC   03-17 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCRAE INDUSTRIES INC &lt;MRI.B> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    MOUNT GILEAD, N.C., March 17 -
+    </DATELINE><BODY>Shr 19 cts vs three cts
+    Net 515,000 vs 87,000
+    Revs 6,830,000 vs 4,107,000
+    Six mths
+    Shr 36 cts vs 12 cts
+    Net 955,000 vs 327,000
+    Revs 14.2 mln vs 9,755,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10844" NEWID="5931">
+<DATE>17-MAR-1987 09:53:39.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4983&#31;reute
+d f BC-&lt;FRONTIER-TEXAS-CORP>   03-17 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRONTIER TEXAS CORP> 2ND QTR NOV 30 NET</TITLE>
+<DATELINE>    DALLAS, March 17 -
+    </DATELINE><BODY>Oper shr profit one ct vs loss four cts
+    Oper net profit 104,386 vs loss 196,265
+    Revs 8,174,652 vs 2,309,979
+    Avg shrs 6,285,714 vs 5,500,000
+    1st half
+    Oper shr profit nil vs loss eight cts
+    Oper net profit 26,541 vs loss 419,758
+    Revs 12.0 mln vs 5,088,134
+    Avg shrs 5,836,735 vs 5,500,000
+    NOTE: Current year net both periods excludes tax credit of
+107,370 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10845" NEWID="5932">
+<DATE>17-MAR-1987 09:54:24.25</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f4986&#31;reute
+d f BC-&lt;VICEROY-RESOURCE-COR   03-17 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;VICEROY RESOURCE CORP> DETAILS GOLD ASSAYS</TITLE>
+<DATELINE>    Vancouver, British Columbia, March 17 - </DATELINE><BODY>Viceroy Resource
+Corp said recent drilling on the Lesley Ann deposit extended
+the high-grade mineralization over a width of 600 feet.
+    Assays ranged from 0.35 ounces of gold per ton over a
+150-foot interval at a depth of 350 to 500 feet to 1.1 ounces
+of gold per ton over a 65-foot interval at a depth of 200 to
+410 feet.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10846" NEWID="5933">
+<DATE>17-MAR-1987 09:56:31.74</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f4990&#31;reute
+b f BC-/TAIWAN-TO-TENDER-FOR   03-17 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN TO TENDER FOR 450,000 TONNES U.S. CORN</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Taiwan is scheduled to tender tonight
+for 450,000 to 475,000 tonnes U.S. corn, export sources said.
+    The tender calls for 11 cargoes for delivery from April
+through October with early shipments FOB or Pacific Northwest,
+they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10847" NEWID="5934">
+<DATE>17-MAR-1987 09:59:47.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f4997&#31;reute
+u f BC-CLABIR-&lt;CLG>-UNIT-AGR   03-17 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLABIR &lt;CLG> UNIT AGRES TO BUY POPSICLE CANADA</TITLE>
+<DATELINE>    GREENWICH, Conn., March 17 - </DATELINE><BODY>Clabir Corp said its 86 pct
+owned affiliate, Ambrit Inc &lt;ABI>, has agreed to acquire the
+Popsicle Industries division of &lt;Sara Lee Corp of Canada Ltd>
+for about 37 mln Canadian dlrs in cash.
+    Clabir said the purchase from the Sara Lee Corp &lt;SLE>
+subsidiary is worht about 28 mln U.S. dlrs.
+    The agreement is subject to Canadian regulatory approval.
+    Popsicle Canada, through its 19 licensees, is the largest
+maker and distributor of frozen novelty products in Canada,
+Clabir added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10848" NEWID="5935">
+<DATE>17-MAR-1987 09:59:53.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f4998&#31;reute
+u f BC-ST.-JUDE-MEDICAL-&lt;STJ   03-17 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST. JUDE MEDICAL &lt;STJM> VOTES DIVIDEND RIGHTS</TITLE>
+<DATELINE>    ST. PAUL, March 17 - </DATELINE><BODY>St. Jude Medical Inc said its board
+declared a special dividend of one right for each outstanding
+share held of the company's common stock, payable to holders of
+record April Six.
+    It said each right entitles the holder to buy one-tenth of
+a share of preferred stock of St. Jude at an exercise price of
+100 dlrs.
+    St. Jude said the rights may be exercised only after 10
+days following the acquisition of, or commencement of a tender
+offer for, at least 20 pct of the company's common stock.
+    The company added that it has no reason to believe St. Jude
+Medical is a takeover target.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10849" NEWID="5936">
+<DATE>17-MAR-1987 10:01:00.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM Y
+&#22;&#22;&#1;f5004&#31;reute
+u f BC-NUMAC-OIL-IN-59.7-MLN   03-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUMAC OIL &lt;NMC> HAS 59.7 MLN DLR FINANCING</TITLE>
+<DATELINE>    Edmonton, Alberta, March 17 - </DATELINE><BODY>Numac Oil and Gas Ltd said it
+arranged a 59.7 mln dlr financing with two investment dealers.
+    The financing includes 30 mln dlrs of convertible
+subordinated debentures and 2.7 mln common shares at a price of
+11 dlrs per share for a total of 59.7 mln dlrs
+    Wood Gundy Inc and Gordon Capital Corp agreed to buy the
+securities. The debentures will be for a term of 15 years with
+a seven pct coupon and convertible into common shares for 10
+years at 13.50 dlrs per share. The debentures are not
+redeemable for three years, Numac said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10850" NEWID="5937">
+<DATE>17-MAR-1987 10:01:08.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5005&#31;reute
+d f BC-ADAMS-RUSSELL-ELECTRO   03-17 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADAMS-RUSSELL ELECTRONICS &lt;AARE> IN PURCHASE</TITLE>
+<DATELINE>    WALTHAM, Mass., March 17 - </DATELINE><BODY>Adams-Russell Electronics Co Inc
+said it has acquired Hermetronics PLC, a maker of hermetic
+integrated circuit packages, for about 600,000 dlrs. 
+    The company said HErmetronics is expected to have sales of
+over 800,000 dlrs for the year ending this month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10851" NEWID="5938">
+<DATE>17-MAR-1987 10:01:13.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5006&#31;reute
+s f BC-MESA-LIMITED-PARTNERS   03-17 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MESA LIMITED PARTNERSHIP &lt;MLP> SETS PAYOUT</TITLE>
+<DATELINE>    AMARILLO, Texas, March 17 -
+    </DATELINE><BODY>Qtly div 50 cts vs 50 cts prior
+    Pay May 15
+    Record April Seven
+    NOTE: Partnership said holders of common and preference
+units for all of 1987 are expected to have no net taxable
+income.   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10852" NEWID="5939">
+<DATE>17-MAR-1987 10:01:29.97</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f5007&#31;reute
+f f BC-******U.S.-CURRENT-AC   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. CURRENT ACCOUNT DEFICIT RECORD 36.84 BILLION DLRS IN 4TH QTR 1986
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10853" NEWID="5940">
+<DATE>17-MAR-1987 10:02:14.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5011&#31;reute
+r f BC-STERLING-INC-&lt;STRL>-F   03-17 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING INC &lt;STRL> FILES FOR OFFERING</TITLE>
+<DATELINE>    AKRON, Ohio, March 17 - </DATELINE><BODY>Sterling Inc said it intends to
+file for an offering of 1,500,000 common shares, including
+500,000 shares to be sold by shareholders.
+    It said proceedsd will be used to reduce bank debt.
+    The company said the sale is expected to be completed
+followiong a special shareholders' meeting planned for
+mid-April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10854" NEWID="5941">
+<DATE>17-MAR-1987 10:02:27.78</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f5013&#31;reute
+b f BC-/U.S.-CURRENT-ACCOUNT   03-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CURRENT ACCOUNT DEFICIT 36.84 BILLION DLRS</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The U.S. current account deficit
+widened to a record 36.84 billion dlrs on a balance of payments
+basis in the October-December fourth quarter of 1986 from a
+revised 35.29 billion dlrs in the third quarter, the Commerce
+Department said.
+    Previously, the department said the third-quarter deficit
+was 36.28 billion dlrs.
+    For the full year 1986, the current account, a broad
+measure of trade performance, was in deficit a record 140.57
+billion dlrs after a 117.68 billion dlr deficit in 1985.
+    The department said an increase in the merchandise trade
+deficit during the fourth quarter to 38.4 billion dlrs from
+37.1 billion dlrs in the third quarter was the main reason for
+the worsening deficit.
+    Net service receipts declined to 5.5 billion dlrs in the
+final quarter from six billion dlrs in the third quarter.
+    The current account includes trade in merchandise and
+services as well as U.S. financial transactions with the rest
+of the world.
+    The department said the merchandise trade deficit for all
+of 1986 grew to 147.7 billion from 124.4 billion dlrs in 1985.
+    Net service receipts were 22.3 billion dlrs in 1986,
+compared with 21.7 billion dlrs in 1985, the department said.
+    Net unilateral transfers during the fourth quarter last
+year, covering foreign aid and government pensions, were down
+to 3.9 billion dlrs from 4.2 billion dlrs in the third quarter
+because of fewer U.S. government grants to Mideast countries.
+    Liabilities to foreigners reported by U.S. banks rose 35.3
+billion dlrs between October and December after increasing 30.1
+billion dlrs in the third quarter.
+    For the full year, these liabilities grew 77.4 billion dlrs
+after rising by 40.4 billion dlrs in 1985.
+    The department said inflows were boosted in the fourth
+quarter by international activities of Japanese banks and
+strong demand within the United States to finance acquisitions.
+    Net foreign sales of U.S. Treasury securities by foreigners
+were 2.7 billion dlrs in the quarter after purchases of 500 mln
+dlrs in the third quarter.
+    Net foreign purchases of securities other than U.S.
+Treasury securities in the fourth quarter were 11.8 billion
+dlrs, compared with 17.2 billion dlrs in the third quarter.
+    For all 1986, foreign purchases of securities excluding
+U.S. Treasury securities were a record 70.7 billion dlrs,
+surpassing the previous record 50.9 billion dlr total in 1985.
+   Claims on foreigners reported by U.S. banks in the fourth
+quarter rose 29.9 billion dlrs after a 19.3 billion dlr
+third-quarter increase.
+    U.S. sales of foreign securities rose to 2.7 billion dlrs
+from 300 mln dlrs in the third quarter because of a sharp
+selloff of foreign stocks and bonds, the department said.
+    Outflows for U.S. direct investment abroad fell to 5.7
+billion dlrs from eight billion dlrs in the third quarter.
+    Foreign direct investment in the United States increased
+14.4 billion dlrs in the fourth quarter, compared with 5.6
+billion dlrs in the previous quarter, because of stepped-up
+acquisitions, the department said.
+    Foreign official assets in the United States increased 800
+mln dlrs between October and December after rising 15.4 billion
+dlrs in the third quarter.
+    For the full year 1986, foreign official assets grew 33.4
+billion dlrs after a 1985 decrease of 1.9 billion dlrs as
+foreign monetary authorities intervened heavily in exchange
+markets late in the year as the dollar fell, commerce said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10855" NEWID="5942">
+<DATE>17-MAR-1987 10:03:50.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f5022&#31;reute
+r f BC-HECHINGER-&lt;HECHA>-DEB   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HECHINGER &lt;HECHA> DEBT UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Moody's Investors Service Inc said it
+raised to Baa-3 from Ba-1 about 86 mln dlrs of subordinated
+debt of Hechinger Co.
+    The rating agency cited Hechinger's consistently increasing
+profitability and relatively stable financial structure.
+Moody's pointed out that the company has minimal levels of
+variable rate debt.
+    Hechinger is aggressively expanding its stores with a
+distribution outlet and 28 outlets planned in the next two
+years. Moody's said the company's healthy cash flows, along
+with outside financings, will be used to fund this growth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10856" NEWID="5943">
+<DATE>17-MAR-1987 10:04:16.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>east-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5025&#31;reute
+r f BC-EAST-GERMANY-ANNOUNCE   03-17 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAST GERMANY ANNOUNCES ECONOMIC REFORM PLANS</TITLE>
+<DATELINE>    EAST BERLIN, March 17 - </DATELINE><BODY>East Germany plans to devolve more
+responsibility to factories and boost profitability under a law
+obliging plants to generate their own funds for investments in
+new machinery, repairs or expansion, the Berliner Zeitung
+newspaper said.
+    The state would no longer finance projects under five mln
+marks under the law which took effect on January 1.
+    The paper also hinted at further, more ambitious changes if
+this experiment proved successful.
+    Soviet leader Mikhail Gorbachev has cited East Germany's
+cautious industrial decentralisation as an alternative to the
+Hungarian model based on Western-style market economics.
+    The law stresses that East Germany remains committed to the
+centralised state-planned economic system with no market
+experiments.
+    "This new regulation is part of our general investment
+policy," Berliner Zeitung said, citing the growing importance of
+robots and high technology rather than the large-scale plant
+construction of the 1950s and 1960s.
+    "This step could be the start of even greater changes in GDR
+investment policy. We must wait and see," it added.
+    Factory investment funds would be drawn from profits above
+certain minimum returns pledged to the state under annual plans
+and from amortisation -- funds the factory is allowed to keep
+to compensate for depreciation in the cost of machinery.
+    Amortisation costs and all profits currently go back to the
+state, which provides all investment capital in return.
+    This centralisation has hindered management's response to
+changes in world markets vital for the East German economy,
+economists said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10857" NEWID="5944">
+<DATE>17-MAR-1987 10:04:51.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f5027&#31;reute
+b f BC-BAKER-URGES-SUPPORT-F   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER URGES SUPPORT FOR DEVELOPMENT BANKS</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Treasury Secretary James Baker urged
+Congress to support the administration's financing requests for
+the multilateral development banks in the next two fiscal
+years.
+    Baker told a House appropriations subcommittee the
+administration's request for a total 2.1 billion dlrs in fiscal
+1987 and 1988 would meet administration shortfalls and fulfill
+Washington's annual payment responsibilities.
+    In testimony that went over much of the same ground as his
+remarks to a Senate committee some two weeks ago, Baker said
+support for the MDBs was crucial to U.S. economic leadership.
+    Baker told the committee, "Our national self respect and
+our international leadership depend on our willingness to
+fulfill this responsibility."
+    The administration budget requests include a supplemental
+request for fiscal 1987 of 293 mln dlrs and a 1.8 billion dlr
+request for fiscal 1988.
+    Baker noted these requests included funding requirements
+negotiated by the administration with this committee.
+    Baker's remarks outlined why the development banks were
+formed and the stake the U.S. had in maintaining them.
+    Baker pointed out the U.S. has successfully sought reforms
+in several of the institutions and was pressing for reforms in
+others aimed at making them more efficient, with policies
+oriented toward free markets.
+    He also gave the House subcommittee a progress report on
+the debt strategy and emphasized the importance of continued
+financing for the MDBs if the U.S. is to continue to lead in
+resolving the debt crisis.
+    In other remarks, Baker repeated the need to finance the
+general foreign affairs budget and underscored how MDBs have
+served U.S. national interests.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10858" NEWID="5945">
+<DATE>17-MAR-1987 10:05:01.63</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5028&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-17 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 120 MLN STG LATE HELP</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The Bank of England said it provided the
+money market with late assistance of around 120 mln stg.
+    This brings the bank's total help today to some 136 mln stg
+and compares with its forecast of a 400 mln stg shortage in the
+system.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10859" NEWID="5946">
+<DATE>17-MAR-1987 10:06:18.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5034&#31;reute
+r f BC-MEMORY-PROTECTION-&lt;MP   03-17 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEMORY PROTECTION &lt;MPDI> SEES BOGEN CLOSING</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Memory Protection Devices Inc said it
+expects to close the previously announced acquisition of the
+assets and liabilities of Bogen, a division of &lt;Lear Siegler
+Inc>, on April one.
+    Memory Protection Devices said it received a senior loan
+commitment letter as well as the requisite waiver under the New
+Jersey Environmental Control Reclamation Act, both of which are
+necessary to complete the acquisition. It declined to provide
+further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10860" NEWID="5947">
+<DATE>17-MAR-1987 10:06:33.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f5036&#31;reute
+r f BC-canadian-foremost   03-17 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN FOREMOST CONTINUES MACEDON SALE TALKS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 17 - </DATELINE><BODY>&lt;Canadian Foremost Ltd>,
+earlier reporting lower 1986 net profit, said negotiations are
+continuing concerning the previously announced sale of the
+company's 49 pct interest in &lt;Macedon Resources Ltd>.
+    If concluded, the sale would be refelected in the company's
+1987 results, Foremost said without elaborating.
+    It also said lower revenues from the last half of 1986 are
+expected to continue during 1987, but a strong cash and working
+capital position will enable Foremost to go on developing
+traditional and new markets. It earlier said 1986 earnings fell
+to 1,042,000 dlrs from year-ago 2,510,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10861" NEWID="5948">
+<DATE>17-MAR-1987 10:09:53.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f5050&#31;reute
+r f BC-ABM-GOLD-FILES-FOR-IN   03-17 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABM GOLD FILES FOR INITIAL SHARE OFFERING</TITLE>
+<DATELINE>    VANCOUVER, March 17 - </DATELINE><BODY>ABM Gold Corp said it has filed with
+the U.S. Securities and Exchange Commission for an initial
+public offering of six mln Class A common shares at an expected
+price of seven to nine U.S. dlrs each through underwriters led
+by PaineWebber Group Inc and Advest Group Inc.
+    The company said it will use about 30.6 mln dlrs of the
+proceeds to buy from Sonora Gold Corp 5,456,000 Sonora shares
+at 5.60 U.S. dlrs each, and Sonora will use about 25.0 mln dlrs
+of its proceeds from that deal to buy 9,259,000 shares of
+&lt;Goldenbell Resources Inc> at 2.70 dlrs each.
+    ABM Gold said Sonora will use the 5,553,600 dlrs remaining
+to repay short-term debt and for working capital.
+    Goldenbell will use its proceeds from the sale of shares to
+Sonora to provide about half the financing needed to complete
+construction of production facilities for a property.
+    ABM said it will use another 8,120,000 dlrs of its proceeds
+to buy &lt;New Jersey Zinc Exploration Co>'s 15 pct interest in
+net operating profits derived from some Sonora properties. ABM
+said it will trade this interest for 1,234,042 Sonora shares
+valued at 6.58 dlrs each. ABM will use another 2,825,370 dlrs
+of the proceeds to buy from &lt;United Gold Corp> 1,053,000 United
+common shares at 2.29 dlrs each and exercise a warrant to buy
+another two mln common shares at 20.7 cts per share, with
+United to use its proceeds to fund exploration.
+    ABM gold manages and develops properties for Sonora,
+Goldenbell, United and Inca Resources Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10862" NEWID="5949">
+<DATE>17-MAR-1987 10:14:08.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f5061&#31;reute
+r f BC-TEXAS-INTERNATIONAL-&lt;   03-17 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INTERNATIONAL &lt;TEI> COMPLETES RESERVE SALE</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 17 - </DATELINE><BODY>Texas International Co said it
+has completed the previously-announced 120 mln dlr sale of its
+domestic oil and natural gas reserves to &lt;Total Compagnie
+Francaise des Petroles>.
+    It said on closing it used part of the proceeds to retire
+all 100 mln dlrs of its U.S. bank and U.S. senior debt and the
+rest will be used for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10863" NEWID="5950">
+<DATE>17-MAR-1987 10:14:16.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5062&#31;reute
+r f BC-TRANS-WORLD-MUSIC-COR   03-17 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANS WORLD MUSIC CORP &lt;TWMC> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    ALBANY, N.Y., March 17 -
+    </DATELINE><BODY>Shr 70 cts vs 47 cts
+    Net 4,185,000 vs 2,433,000
+    Sales 52.9 mln vs 35.7 mln
+    Avg shrs 6,000,000 vs 5,200,000
+    Year
+    Shr 1.20 dlrs vs 71 cts
+    Net 6,759,000 vs 3,717,000
+    Sales 130.4 mln vs 85.3 mln
+    Avg shrs 5,622,000 vs 5,200,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10864" NEWID="5951">
+<DATE>17-MAR-1987 10:14:22.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5063&#31;reute
+r f BC-GRUEN-MARKETING-&lt;GMC>   03-17 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRUEN MARKETING &lt;GMC> SEES YEAR NET OFF</TITLE>
+<DATELINE>    SECAUCUS, N.J., March 17 - </DATELINE><BODY>Gruen Marketing Corp said it
+expects to report earnings for the year ended January 31 of 60
+to 65 cts per share on about 7,309,000 average shares, down
+from 78 cts on 6,545,000 shares a year before.
+    It said sales fell about 10 pct from the year-earlier 104.9
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10865" NEWID="5952">
+<DATE>17-MAR-1987 10:16:30.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5067&#31;reute
+u f BC-SEARS-&lt;S>-SUPPLIER-SE   03-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> SUPPLIER SETTLE FTC LABELING CHARGES</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The Federal Trade Commission (FTC)
+said Sears, Roebuck and Co and Kellwood Co, a Sears supplier,
+agreed to pay penalties of 200,000 dlrs each to settle 1981 
+charges they misrepresented the amount of down filling in coats
+they sold.
+    The FTC said Sears and Kellwood also pledged to make
+truthful advertising claims about the down and feather content
+of their garments and to accurately disclose the type of
+filling on the garments' labels.
+    The FTC said Kellwood has not made or sold any down
+garments since 1983.
+    The FTC had charged in a 1981 complaint filed in federal
+court that Sears and Kellwood mislabeled and falsely advertised
+the down content of clothing made by Kellwood and sold by both
+Sears and Kellwood.
+    As is typical in such cases, the settlement terms did not
+require either company to admit or deny the charges.
+    The FTC vote to accept the settlement was 4-1.
+    In a dissent, Commissioner Andrew Strenio argued that the
+settlement terms held Sears to a lower standard than the rest
+of the clothing industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10866" NEWID="5953">
+<DATE>17-MAR-1987 10:16:54.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f5070&#31;reute
+r f BC-varity-subsidiary-has   03-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARITY (VAT) SUBSIDIARY HAS SAUDI COMBINE SALE</TITLE>
+<DATELINE>    BRANTFORD, Ontario, March 17 - </DATELINE><BODY>Massey Combines Corp, 45 pct
+owned by Varity Corp, said it shipped 48 large conventional
+combines valued at nearly five mln Canadian dlrs to its Saudi
+Arabian distributor, located in Riyadh.
+    Massey Combines said the combines shipment is the company's
+first major sale in Saudi Arabia since the sharp drop in world
+oil prices forced many oil-producing countries to curb
+machinery imports.
+    Massey Combines, formerly Varity's combines division,
+became an independent business during a company restructuring
+completed last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10867" NEWID="5954">
+<DATE>17-MAR-1987 10:17:14.86</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>netherlands</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f5072&#31;reute
+u f BC-DUTCH-OFFICIAL-WARNS   03-17 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH OFFICIAL WARNS OF MORE TRADE CONFLICTS</TITLE>
+<DATELINE>    THE HAGUE, March 17 - </DATELINE><BODY>Already strained relations between
+the U.S. And the European Community (EC) are likely to get
+worse before they get better, director general of the Dutch
+Economics Ministry's foreign affairs division Frans Engering
+said.
+    Speaking at an American Chamber of Commerce lunch in The
+Hague, Engering noted the developing history of crises over
+steel, citrus and pasta, and warned of more to come.
+    "I consider the strident tone of US declarations on Airbus
+ill-advised, and the EC fats and oils tax proposal a dangerous
+provocation," he said. "I feel that we shall probably have to
+deal with quite a few more crises in the foreseeable future."
+    Not only is the US Congress clearly very determined to get
+the American balance of payments into better shape, but the
+risks of brinkmanship are all the greater because the EC has
+its own constraints in meeting outside pressure, Engering
+noted.
+    "If we ask ourselves whether it is perhaps inevitable that
+we keep pushing each other to the brink of actual trade war,
+then I think the answer is probably yes," he said.
+    In order to reduce these tensions, decision-making in the
+EC must become less self-centred, and the US Administration
+will have to exercise the authority to convince Congress and
+pressure groups of the need for accommodation, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10868" NEWID="5955">
+<DATE>17-MAR-1987 10:17:40.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5075&#31;reute
+r f BC-QINTEX-AGAIN-EXTENDS   03-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QINTEX AGAIN EXTENDS PRINCEVILLE &lt;PVDC> OFFER</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>&lt;Qintex America Ltd> said its offer
+for 3.3 mln Princeville Development Corp shares has been
+extended to March 19 from March 18.
+    As of yesterday, Qintex said, 7,060,197 Princeville shares
+had been tendered in response to the offer and not withdrawn,
+down from over 7.2 mln on March 10.
+    Qintex said it is extending the offer to allow Princeville
+shareholders to assess the sale announced last week of
+Princeville Airways Inc to Aloha Inc &lt;ALO>, adding a supplement
+to the Quintex offer further detailing the agreement with Aloha
+will be distributed later today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10869" NEWID="5956">
+<DATE>17-MAR-1987 10:18:47.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5078&#31;reute
+r f BC-LUKENS-&lt;LUC>-SAYS-BAC   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUKENS &lt;LUC> SAYS BACKLOG HIGHER</TITLE>
+<DATELINE>    COATESVILLE, Pa., March 17 - </DATELINE><BODY>Lukens Inc said its backlog at
+the end of February was about 140 mln dlrs, up from 104 mln
+dlrs at the end of 1986 and more than 50 pct above the February
+1986 level.
+    The company said "Based upon the current backlog, we are
+reasonably confident that sales in the first two quarters will
+be stronger than sales in the same two quarters last year.
+Earnings from operations should also be better."  Lukens earned
+456,000 dlrs in last year's first quarter and 2,500,000 dlrs in
+the second quarter, excluding a pension gain and a litigation
+provision in that period.
+    Lukens had first quarter sales last year of 92.9 mln dlrs
+and second quarter sales of 105.9 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10870" NEWID="5957">
+<DATE>17-MAR-1987 10:18:55.88</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f5079&#31;reute
+u f BC-NEGOTIATORS-DRAFT-DET   03-17 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEGOTIATORS DRAFT DETAILS OF NEXT RUBBER PACT</TITLE>
+<DATELINE>    GENEVA, March 17 - </DATELINE><BODY>Rubber producers and consumers, who
+agreed last week on the central elements of a new international
+natural rubber pact, have started work on the legal drafting of
+a future accord, delegates said.
+    Compromise on issues blocking an agreement was reached at a
+United Nations conference on an accord to replace the current
+pact, which expires in October.
+    The new International Natural Rubber Agreement (INRA) is
+expected to be formally adopted on Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10871" NEWID="5958">
+<DATE>17-MAR-1987 10:20:32.78</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f5085&#31;reute
+d f BC-&lt;VICEROY-RESOURCE-COR   03-17 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VICEROY RESOURCE CORP DETAILS GOLD ASSAYS</TITLE>
+<DATELINE>    Vancouver, British Columbia, March 17 - </DATELINE><BODY>Viceroy Resource
+Corp said recent drilling on the Lesley Ann deposit extended
+the high-grade mineralization over a width of 600 feet.
+    Assays ranged from about 0.35 ounces of gold per short ton
+over a 150-foot interval at a depth of 350 to 500 feet to about
+1.1 ounces of gold per ton over a 65-foot interval at a depth
+of 200 to 410 feet.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10872" NEWID="5959">
+<DATE>17-MAR-1987 10:24:16.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f5096&#31;reute
+f f BC-******REAGAN-TO-HOLD   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REAGAN TO HOLD NEWS CONFERENCE AT 2000 EST THURSDAY, WHITE HOUSE SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10873" NEWID="5960">
+<DATE>17-MAR-1987 10:25:58.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5107&#31;reute
+s f BC-FIRST-VALLEY-CORP-&lt;FI   03-17 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST VALLEY CORP &lt;FIVC> REGULAR DIVIDEND</TITLE>
+<DATELINE>    BETHLEHEM, Pa., March 17 -
+    </DATELINE><BODY>Qtly div 21 cts
+    Payable April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10874" NEWID="5961">
+<DATE>17-MAR-1987 10:26:26.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f5109&#31;reute
+b f BC-NASD-PROPOSES-EQUAL-S   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASD PROPOSES EQUAL SHARE VOTES WITH VARIATIONS</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The National Association of
+Securities Dealers Inc said its board of governors has proposed
+adoption of uniform rules by major U.S. stock markets which
+would emphasize equal shareholder voting rights but allow for
+legitimate variations.
+    The NASD said its proposal would eliminate differences in
+stockholder voting standards as a competitive factor between
+markets. It called on the Securities and Exchange Commission to
+adopt such a rule applying to all markets if each equity market
+is unwilling to voluntarily adopt a uniform rule under the
+commission's guidence.
+    "Clearly the NASD would willingly be the first to"
+voluntarily adopt a uniform rule such as it is proposing, NASD
+President Gordon S. Macklin said in a letter to SEC Chairman
+John S.R. Shad.
+    The NASD said its view is based on the association's study
+of the issue and from information developed at the SEC's
+recently concluded hearings on the subject.
+    The current discussion of the one share-one vote issue was
+triggered by the New York Stock Exchange's application to the
+SEC for permission to abandon the standard with respect to
+companies listed on the NYSE, the NASD noted.
+    It called for limiting variations of equal voting rights to
+situations involving complete disclosure such as - 
+    (1) shares in a registerd public offering where all facts
+connected with the company's capital structure are clearly
+spelled out in the prospectus and - 
+    (2) shares issued in connection with a merger, acquisition
+or recapitalization where the exchange of shares is accompanied
+by detailed proxy material.
+    The NASD said the uniform rule should be written to
+disallow the issuance of dual classes of shares where those
+with superior voting rights are not resalable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10875" NEWID="5962">
+<DATE>17-MAR-1987 10:29:03.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5115&#31;reute
+r f BC-GLAXO-SEEKS-TOKYO-LIS   03-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLAXO SEEKS TOKYO LISTING</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Glaxo Holdings Plc &lt;GLXO.L> said it has
+filed an application to obtain a listing of its ordinary shares
+on the Tokyo Stock Exchange.
+    It said in a statement it expects to obtain the listing by
+by the end of the company's financial year on June 30.
+    No new shares will be issued in connection with the listing
+on the Tokyo exchange, Glaxo said.
+    On February 18 Glaxo said it was seeking to list its
+American Depositary receipts, now traded on the NASDAQ system,
+on the New York Stock Exchange. It also expected this listing
+to be in place by June 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10876" NEWID="5963">
+<DATE>17-MAR-1987 10:30:52.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f5118&#31;reute
+b f AM-REAGAN-PRESS   03-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN TO HOLD NEWS CONFERENCE THURSDAY</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>President Reagan, ending four months
+of semi-isolation from the press, will hold a televised news
+conference on Thursday, the White House said.
+    Reagan is certain to be questioned extensively at the 2000
+EST/0100 gmt session about the secret sale of arms to Iran and
+skimming of profits to aid U.S.-backed "contra" rebels in
+Nicaragua.
+    During his last news conference on November 19, 1986 -- six
+days before the fund diversion came to light -- Reagan strongly
+defended the clandestine arms operation.
+    During that session, the president also denied any third
+country involvement in the Iran initiative even though it was
+already known that Israel had played a key role in the arms
+shipments. The White House was forced to issue a correction
+following the news conference.
+    Reagan's fumbling performance in that encounter with
+reporters helped contribute to a sharp decline in his job
+approval rating in various public opinion polls.
+    Since the November 19 news conference, Reagan --who
+maintains he knew nothing about the contra diversion -- has
+revised his position on his covert Iran policy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10877" NEWID="5964">
+<DATE>17-MAR-1987 10:32:06.05</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f5125&#31;reute
+r f BC-U.S.-TREASURY-ANNOUNC   03-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY ANNOUNCES OECD TIED-AID PACT</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+said an agreement has been reached by members of the
+Organization for Economic Cooperation and Development (OECD) to
+control the unfair trade practice of using tied aid to promote
+trade.
+    He said in a statement the agreement culminates the Reagan
+administration's effot to negotiate a virtual end to export
+credit subsidies.
+    The practice of other governments using tied aid or mixed
+credits to promote exports has cost the United States lost jobs
+and lost exports, the Treasury said.
+    The agreement to be implemented in two stages by July, 1988
+would ban tied aid credit among industrialized countries and
+place limits on permitted aid by developing countries.
+    It would also reduce export credits that do not involve aid
+and reduce credit subsidies permitted for relatively poor
+countries, the Treasury said.
+    Baker said the agreement imposes particular sacrifices on
+Japan and praised Japan's willingness to accept the pact as a
+demonstration of the Japanese government's willingness to take
+concrete steps to resolve important trade issues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10878" NEWID="5965">
+<DATE>17-MAR-1987 10:35:29.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f5143&#31;reute
+u f BC-GULF-RESOURCES-&lt;GRE>   03-17 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF RESOURCES &lt;GRE> SEES 1ST QTR PRETAX PROFIT</TITLE>
+<DATELINE>    BOSTON, March 17 - </DATELINE><BODY>Gulf Resources and Chemical Corp said
+the sale of its stake in &lt;Imperial Continental Gas Association>
+will result in a pre-tax profit of about 44.1 mln dlrs or 4.69
+dlrs per share, fully duliuted, in the first quarter of 1987.
+    Gulf said it sold its remaining stake in Imperial of 
+6,631,222 shares and 100,000 units of loan stock for 74.8 mln
+dlrs, based on an exchange rate of one pound sterling at 1.58
+dlr. As previously reported, it sold 9,534,633 of its Imperial
+shares on March nine.
+    Gulf said the sale of the Imperial shares were accepted as
+part of a recent tender offer made by &lt;Groupe Bruxelles Lambert
+S.A.> and &lt;Tractebel S.A.>.
+    Under the terms of the offer, Gulf said it is entitled to
+receive a supplementary payment if a general offer to acquire
+Imperial Continental or its Calor Group or Contibel Holdings
+becomes wholly unconditional before Jan 1, 1988 at a price
+above the tender off of 710 pence per share.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10879" NEWID="5966">
+<DATE>17-MAR-1987 10:35:36.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f5144&#31;reute
+f f BC-******U.S.-TREASURY'S   03-17 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY'S BAKER SAYS COMMERCIAL BANK LOANS TO DEVELOPING COUNTRIES TOO SLOW
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10880" NEWID="5967">
+<DATE>17-MAR-1987 10:35:51.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5146&#31;reute
+r f BC-STERLING-INC-&lt;STRL>-4   03-17 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING INC &lt;STRL> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    AKRON, Ohio, March 17 -
+    </DATELINE><BODY>Shr 1.27 dlrs vs not given
+    Net 5,097,000 vs 3,164,000
+    Sales 48.1 mln vs 31.7 mln
+    Year
+    Shr 1.42 dlrs vs not given
+    Net 5,194,000 vs 3,457,000
+    Sales 100.4 mln vs 70.1 mln
+    NOTE: Company went public in May 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10881" NEWID="5968">
+<DATE>17-MAR-1987 10:36:14.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5148&#31;reute
+d f BC-AUTOMATIX-INC-&lt;AITX>   03-17 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUTOMATIX INC &lt;AITX> 4TH QTR LOSS</TITLE>
+<DATELINE>    BILLERICA, Mass., March 17 -
+    </DATELINE><BODY>Shr loss 20 cts vs loss 12 cts
+    Net loss 2,195,000 vs loss 1,402,000
+    Revs 3,600,000 vs 5,777,000
+    Year
+    Shr loss 71 cts vs loss 51 cts
+    Net loss 7,851,000 vs loss 5,594,000
+    Revs 16.7 mln vs 24.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10882" NEWID="5969">
+<DATE>17-MAR-1987 10:36:28.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5149&#31;reute
+d f BC-IONICS-INC-&lt;ION>-4TH   03-17 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IONICS INC &lt;ION> 4TH QTR NET</TITLE>
+<DATELINE>    WATERTOWN, Mass., March 17 -
+    </DATELINE><BODY>Shr 11 cts vs 24 cts
+    Net 419,000 vs 938,000
+    Revs 16.2 mln vs 16.9 mln
+    Year
+    Shr 25 cts vs 95 cts
+    Net 952,000 vs 3,001,000
+    Revs 64.6 mln vs 68.8 mln
+    Backlog 30.3 mln vs 31.9 mln
+    NOTE: 1986 net includes nonrecurring gain 383,000 dlrs in
+quarter and charge 175,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10883" NEWID="5970">
+<DATE>17-MAR-1987 10:36:43.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5150&#31;reute
+f f BC-CITY-OF-BERGEN-LAUNCH   03-17 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CITY OF BERGEN LAUNCHES 80 MLN CANADIAN DLR BOND, DUE 1994, AT 101-1/2 WITH 8-5/8 PCT COUPON
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10884" NEWID="5971">
+<DATE>17-MAR-1987 10:36:51.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f5151&#31;reute
+f f BC-******TREASURY'S-BAKE   03-17 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS GOVERNMENTS SHOULD NOT MANDATE OR GUARANTEE DEBT RELIEF
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10885" NEWID="5972">
+<DATE>17-MAR-1987 10:38:54.09</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f5163&#31;reute
+b f BC-/SOVIETS-SAID-TO-SEE   03-17 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIETS SAID TO SEE NEW FLOOR FOR GRAIN OUTPUT</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The intensive technology concept for
+grain production has put a new floor under USSR grain
+production, the U.S. Agriculture Department's officer in Moscow
+said in a field report.
+    The report, quoting a broadcast on Radio Moscow, said that
+due to intensive technology grain production in a "bad year" will
+not fall below 200 mln tonnes, and in a "good year" grain
+production could reach 250 mln tonnes.
+    The U.S. Agriculture Department currently forecasts this
+year's USSR crop at 210.1 mln tonnes, and if realized this
+would be the third year since 1975 that the Soviet Union's
+grain harvest has exceeded 200.0 mln tonnes.
+    The largest crop since 1975 was 237.4 mln tonnes harvested
+in 1978, according to USDA data.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10886" NEWID="5973">
+<DATE>17-MAR-1987 10:39:39.92</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5169&#31;reute
+u f BC-OECD-AGREES-EXPORT-CR   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD AGREES EXPORT CREDIT REFORMS</TITLE>
+<DATELINE>    PARIS, March 17 - </DATELINE><BODY>The western industrialised nations have
+agreed reforms in rules by which they provide credit for
+exports to developing countries, the Organisation for Economic
+Cooperation and Development said.
+    The reforms tighten the rules for the use of foreign aid to
+subsidise export credits in so-called "mixed credits," the OECD
+said.
+    The agreement, to be implemented in two stages in July this
+year and July 1988, means the minimum aid component in mixed
+credits will be raised to 35 pct from 25 pct, and to 50 pct for
+credits covering exports to the world's least developed
+nations.
+    Additionally, a new formula will be used for calculating
+the aid element in mixed credits, to take account of different
+interest rates in the exporting countries, the 24-nation OECD,
+which hosted the reform negotiations, said.
+    Minimum interest rates for officially subsidised trade
+loans have also been revised with the aim of cutting the
+subsidies, and ending them completely on loans to relatively
+rich developing countries by July next year.
+    The reforms follow several years of pressure by the U.S. To
+stop competitors, notably France and Japan, using foreign aid
+to subsidise exports, putting U.S. Firms at a disadvantage.
+    OECD officials said the agreement was based on a
+provisional accord reached in January subject to ratification
+by member governments. Some governments, including Austria, had
+linked their final approval to other trade credit issues which
+would be discussed at a meeting here in mid-April, they added.
+    By raising the minimum amount of aid required in mixed
+credits the agreement aims to make such hidden subsidies too
+costly for frequent use.
+    "A major loophole in the General Agreement on Tariffs and
+Trade has been closed today," a senior U.S. Official here
+commented.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10887" NEWID="5974">
+<DATE>17-MAR-1987 10:42:59.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5189&#31;reute
+d f BC-TM-COMMUNICATIONS-&lt;TM   03-17 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TM COMMUNICATIONS &lt;TMCI> COMPLETES PURCHASE</TITLE>
+<DATELINE>    DALLAS, March 17 - </DATELINE><BODY>TM Communications Inc said it has
+completed the acquisition of radio station KNSS-FM of Reno,
+Nev., for about 2,500,000 dlrs in cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10888" NEWID="5975">
+<DATE>17-MAR-1987 10:43:11.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5191&#31;reute
+d f BC-PEOPLES-HERITAGE-&lt;PHB   03-17 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEOPLES HERITAGE &lt;PHBK> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    PORTLAND, Maine, March 17 - </DATELINE><BODY>Peoples Heritage Bank said it
+has agreed to purchase Northeast Leasing Co Inc, a Portland,
+Maine lessor of office equipment, for about 43,000 common
+shares.
+    It said Norhteast had year-end receivables of 2,700,000
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10889" NEWID="5976">
+<DATE>17-MAR-1987 10:43:23.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5192&#31;reute
+d f BC-CODENOLL-TECHNOLOGY-C   03-17 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CODENOLL TECHNOLOGY CORP &lt;CODN> 4TH QTR LOSS</TITLE>
+<DATELINE>    YONKERS, N.Y., March 17 -
+    </DATELINE><BODY>Shr loss 12 cts vs loss 17 cts
+    Net loss 484,556 vs loss 620,607
+    Sales 2,167,631 vs 1,062,837
+    Avg shrs 3,985,924 vs 3,935,969
+    Year
+    Shr loss 62 cts vs loss 52 cts
+    Net loss 2,468,605 vs loss 1,788,406
+    Sales 6,603,285 vs 4,650,585
+    Avg shrs 3,983,692 vs 3,446,348
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10890" NEWID="5977">
+<DATE>17-MAR-1987 10:43:33.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5193&#31;reute
+r f BC-OWENS-CORNING-&lt;OCF>-C   03-17 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OWENS-CORNING &lt;OCF> COMPLETES SALE OF PLANTS</TITLE>
+<DATELINE>    TOLEDO, Ohio, March 17 - </DATELINE><BODY>Owens-Corning Fiberglas Corp said
+it has completed the previously-announced sale of its three
+foam products plants to Atlas Roofing Corp for undisclosed
+terms.
+    The sale is part of its restructuring, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10891" NEWID="5978">
+<DATE>17-MAR-1987 10:44:05.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f5194&#31;reute
+b f BC-/U.S.-TREASURY'S-BAKE   03-17 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY'S BAKER SAYS BANK LOANS TOO SLOW</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Treasury Secretary James Baker,
+while defending the progress of his 1985 debt initiative,
+conceded that lending by commercial banks to developing
+countries has not gone as fast as the administration would have
+liked.
+    In testimony before a House Appropriations subcommittee,
+Baker said, however, "I think it is wrong to say that
+(commercial bank lending) has not occured in a meaningful way."
+    He added though that it has not "materialized as fast as we
+would have liked."
+    The Treasury secretary also said that it would be
+politically wrong for the United States or other countries to
+guarantee loans made by commercial banks to the developing
+country debtors because that would be "rightly perceived as a
+bank bailout."
+    Baker also said that it would be impractical for
+governments to mandate bank lending to the third world since
+this would have the eventual impact of turning commercial banks
+away from making all loans to the region.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10892" NEWID="5979">
+<DATE>17-MAR-1987 10:44:28.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5196&#31;reute
+h f BC-PACIFIC-EXCHANGE-OFFI   03-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC EXCHANGE OFFICIALS CONCLUDE CHINA TRIP</TITLE>
+<DATELINE>    SAN FRANCISCO, March 17 - </DATELINE><BODY>The Pacific Stock Exchange said
+officials of the exchange and other representatives from the
+U.S. concluded a 10-day trip to China to exchange information
+with Shanghai and Hong Kong financial executives.
+    The exchange said the trip was to explore potential trading
+links between PSE and other Pacific Rim exchanges and to
+discuss growth of capital markets in the Far East.
+    "This trip represents the PSE's first effort to provide
+technical assistance and begin cooperative relationships with
+exchanges and securities markets in the Pacific Rim," Maurice
+Mann, chairman of PSE, said in a statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10893" NEWID="5980">
+<DATE>17-MAR-1987 10:44:39.13</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5198&#31;reute
+f f BC-U.K.-Chancellor-forec   03-17 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> U.K. Chancellor forecast in budget speech GDP growth of 3.0 pct in 1987
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10894" NEWID="5981">
+<DATE>17-MAR-1987 10:45:02.11</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5200&#31;reute
+f f BC-LAWSON-FORECASTS-2.5   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LAWSON FORECASTS 2.5 BILLION STG U.K. CURRENT ACCOUNT DEFICIT IN 1987
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10895" NEWID="5982">
+<DATE>17-MAR-1987 10:45:05.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f5201&#31;reute
+f f BC-campbell   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CAMPBELL RESOURCES INC 2ND QTR SHR PROFIT THREE CTS VS LOSS 10 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10896" NEWID="5983">
+<DATE>17-MAR-1987 10:46:04.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5206&#31;reute
+f f BC-LAWSON-FORECASTS-U.K.   03-17 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LAWSON FORECASTS U.K. INFLATION 4.0 PCT AT END 1987
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10897" NEWID="5984">
+<DATE>17-MAR-1987 10:47:22.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5208&#31;reute
+h f BC-GENETIC-LABORATORIES   03-17 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENETIC LABORATORIES INC &lt;GENL> 2ND QTR LOSS</TITLE>
+<DATELINE>    ST. PAUL, March 17 - </DATELINE><BODY>Period ended Jan 31
+    Net loss 89,255 vs loss 277,536
+    Sales 913,136 vs 854,194
+    Six mths
+    Net profit 481,372 vs loss 555,722
+    Sales 1,845,532 vs 1,754,076
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10910" NEWID="5985">
+<DATE>17-MAR-1987 10:48:30.19</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5212&#31;reute
+b f BC-U.K.-BUDGET-SEES-1987   03-17 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BUDGET SEES 1987 GDP GROWTH AT THREE PCT</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Chancellor of the Exchequer Nigel
+Lawson, presenting his budget for fiscal 1987/88 to Parliament,
+said U.K. Economic growth was forecast at three pct in calendar
+1987.
+    He said the Treasury expected a current account balance of
+payments deficit in 1987 of 2.5 billion stg, after a 1.1
+billion shortfall in 1986.
+    Inflation is expected to be 4.0 pct at the end of this
+year, Lawson said.
+    "As I forecast in the Autumn Statement, inflation may
+continue to edge up for a time, perhaps exceeding 4.5 pct by
+the summer, before falling back to 4.0 pct by the end of the
+year," he added.
+    Turning to the Public Sector Borrowing Requirement (PSBR),
+Lawson said the likely outturn for fiscal 1986/87 was 4.0
+billion stg, or 1.0 pct of GDP.
+    The planned PSBR for 1987/88 was set at 4.0 billion stg.
+    On monetary policy, Lawson confirmed the target range for
+the narrow M0 measure would be two to six pct in fiscal
+1987/88.
+    No explicit target was set for the broad sterling M3
+aggregate, he said. "But broad money will continue to be taken
+into account in assessing monetary conditions, as of course
+will the exchange rate," the Chancellor told Parliament.
+    Lawson said the low outturn of the PSBR in 1986/87 "is
+chiefly attributable to the remarkable buoyancy of non-oil tax
+revenues in general, and the corporation tax paid by an
+increasingly profitable business sector in particular."
+    On oil prices, Lawson said he was sticking to his earlier
+assumption that North Sea crude prices will average 15 dlrs per
+barrel in calendar 1987.
+    He said "it is clear that the increased flow of non-oil tax
+revenues, coupled with the prospective further growth of the
+economy in excess of the growth of public expenditure, puts the
+public finances in a very strong position."
+    Lawson said the Treasury would strive to keep the PSBR at
+1.0 pct of GDP in future.
+    "We have reached what I judge to be the (Medium Term
+Financial Strategy's) appropriate destination - a PSBR of 1.0
+pct of GDP. My aim will be to keep it there over the years
+ahead," Lawson said.
+    "Inevitably, this greatly diminishes the scope I have this
+year for reducing the burden of taxation, which of course
+remains a major objective of government policy."
+    "But I am sure it is right to err on the side of prudence
+and caution, and to build a still firmer base for the future."
+    Lawson said the time had come to strike the Exchange
+Control Act from the Statute book.
+    On corporation tax, he said the rate will remain unchanged
+at 35 pct in 1987/88. But companies' capital gains will be
+charged at the "appropriate corporation tax rate."
+    He said that under the new proposed system, companies
+should be able to set Advanced Capital Tax (ACT) payments
+against tax on capital gains.
+    "Taken together, these changes should yield 60 mln stg in
+1988/89," Lawson said.
+    Lawson said he will propose that all companies and building
+societies be treated the same way on payment of corporation
+tax, "with all liable to pay corporation tax nine months after
+the end of the accounting period on which the tax is due."
+    "I also propose to legislate now to pave the way for a new
+method of collecting corporation tax, to be known as Pay and
+File."
+    This would be part of a wider programme of streamlining tax
+collection, and would not come into force until the early
+1990s.
+    Lawson said he planned two reliefs on Petroleum Revenue Tax
+(PRT). As from today, companies may elect to have up to 10 pct
+of the costs of developing certain new fields set against their
+(PRT) liabilities in existing fields, until the income of those
+new fields exceeds the costs incurred.
+    Second, there will be a new relief against PRT for spending
+on research into U.K. Oil extraction that is not related to any
+particular field.
+    On business employment, Lawson said employers will receive
+tax relief for retraining workers.
+    Lawson said that in future, traders registered for Value
+Added Tax (VAT) would be able to choose to account for the tax
+on the basis of cash paid and received.
+    Small businesses may account for VAT annually instead of
+quarterly. The VAT compulsory registration period was being
+extended to 30 days, he added, and VAT registration thresholds
+are to be raised to 21,300 stg.
+    New measures are planned to combat VAT avoidance, he added.
+    The capital gains tax retirement relief limit would now be
+set at 125,000 stg.
+    Lawson said he proposed to change the law so that companies
+in multinational groups with dual residence will no longer be
+able to secure tax relief twice on the same interest payment.
+The change will take effect on April 1, 1987, but "genuine
+trading companies" will not be affected.
+    He also planned to end the present treatment of tax credit
+relief for foreign withholding tax paid on interest on bank
+loans, also from April 1.
+    "In future, banks will be able to offset this tax credit
+only against tax on the profit on the relevant loan," he said.
+    The standard rate of taxation is being reduced by two
+pence, to 27 pct from 29 pct.
+    Lawson reiterated the government's aim of reducing basic
+taxation to 25 pence in the pound, but added "given my decision
+to use the greater part of the fiscal scope I now have to
+reduce the PSBR, that goal cannot be achieved in this budget."
+    Small companies' corporation tax is also being reduced to
+27 pct, he said.
+    On the Lloyd's insurance market, Lawson said he planned to
+change the tax treatment of Lloyd's syndicates, bringing it
+into line with that of provisions for outstanding liabilities
+made by ordinary insurance companies and of comparable
+provisions made by financial traders.
+    The Inland Revenue would be told to consult urgently with
+Lloyd's about the details of the legislation, he said.
+    "The new rules will first apply to premiums payable for the
+Lloyd's account which closes on December 31 this year," Lawson
+said.
+ MORE
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10898" NEWID="5986">
+<DATE>17-MAR-1987 10:48:50.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5215&#31;reute
+d f BC-ROYAL-RESOURCES-&lt;RRCO   03-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL RESOURCES &lt;RRCO> MAKES ACQUISITION</TITLE>
+<DATELINE>    DENVER, March 17 - </DATELINE><BODY>Royal Resources Corp said it has
+exercised its optioon to purchase Montagu Mining Investments
+Inc from &lt;Samuel Montagu Ltd> of London for 3,600,000 dlrs in
+cash and 200,000 common shares.
+    The company said Montagu's main asset is a 10 pct interest
+in the Hog Ranch Joint Venture, which operates the open cut
+heap leach Hog Ranch gold mine in Washoe County, Nev.  The mine
+now produces gold at over 50,000 ounces a year.
+    It said after nine months following closing, Montagu may
+require Royal to register the 200,000 shares for sale.         
+    Royal said from six months after closing until one year
+after, Montagu also has the right to require Royal to
+repurchase any or all of the 200,000 shares at 4.50 dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10899" NEWID="5987">
+<DATE>17-MAR-1987 10:51:10.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5226&#31;reute
+r f BC-HARLEY-DAVIDSON-&lt;HDI>   03-17 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARLEY-DAVIDSON &lt;HDI> SEEKS IMPORT RELIEF END</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Harley-Davidson Inc said it is
+asking the International Trade Commission to terminate import
+relief for heavyweight motorcycles.
+    The company said it has regained the leadership in sales of
+the premium segment of the heavyweight motorcycle market and no
+longer needs special tariffs to compete with overseas
+competitors.  Harley is the only U.S. motorcycle maker.
+    The tariffs were imposed in 1983 when the ITC found that
+Japanese competitors had been flooding the market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10900" NEWID="5988">
+<DATE>17-MAR-1987 10:51:37.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f5227&#31;reute
+r f BC-WAXMAN-&lt;WAXM>-SELLS-C   03-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAXMAN &lt;WAXM> SELLS CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Waxman Industries Inc is raising 25
+mln dlrs through an offering of convertible subordinated
+debentures due 2007 with a 6-1/4 pct coupon and par pricing,
+said sole underwriter Drexel Burnham Lambert Inc.
+    The debentures are convertible into the company's common
+stock at 14.375 dlrs per share, representing a premium of 25
+pct over the stock price when terms on the debt were set.
+    Moody's Investors Service Inc rates the debentures B-2.
+Proceeds will be used to repay short and long-term
+indebtedness.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10901" NEWID="5989">
+<DATE>17-MAR-1987 10:51:41.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5228&#31;reute
+f f BC-LAWSON-SETS-U.K.-PUBL   03-17 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LAWSON SETS U.K. PUBLIC SECTOR BORROWING REQUIREMENT AT 4.0 BILLION STG FOR 1987/88
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10902" NEWID="5990">
+<DATE>17-MAR-1987 10:52:03.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5231&#31;reute
+b f BC-CITY-OF-BERGEN-LAUNCH   03-17 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITY OF BERGEN LAUNCHES 80 MLN CANADIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>City of Bergen, Norway, is issuing an 80
+mln Canadian dlr eurobond, due April 13, 1994, priced at
+101-1/2 with an 8-5/8 pct coupon, lead manager Bank of Tokyo
+International Ltd said.
+    The issue will be sold in denominations of 5,000 dlrs and
+listed in Luxembourg. Fees are 1-1/4 pct for selling and 5/8
+pct for management and underwriting combined. Payment date is
+April 13, 1987. There will be two co-lead managers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10903" NEWID="5991">
+<DATE>17-MAR-1987 10:55:44.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f5250&#31;reute
+u f BC-CAMPBELL-RESOURCES-IN   03-17 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMPBELL RESOURCES INC &lt;CCH> 2ND QTR DEC 31 NET</TITLE>
+<DATELINE>    TORONTO, March 17 -
+    </DATELINE><BODY>Shr profit three cts vs loss 10 cts
+    Net profit 765,000 vs loss 2,600,000
+    Revs 9,259,000 vs 14,479,000
+    SIX MTHS
+    Shr profit three cts vs loss 11 cts
+    Net profit 875,000 vs loss 2,303,000
+    Revs 17.7 mln vs 29.2 mln
+    Note: Campbell changing its yr-end to Dec 31 from June 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10904" NEWID="5992">
+<DATE>17-MAR-1987 10:56:16.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f5251&#31;reute
+u f BC-iowa-s-minn-hog-rcpts   03-17 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+**<TITLE>IOWA-SO MINN DIRECT HOGS ACTUAL RCPTS 102,000 head vs yesterday's estimate of 95,000 head.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10905" NEWID="5993">
+<DATE>17-MAR-1987 10:56:26.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f5252&#31;reute
+r f BC-amertek-inc   03-17 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERTEK INC &lt;ATEKF> YEAR NET</TITLE>
+<DATELINE>    WOODSTOCK, Ontario, March 17 -
+    </DATELINE><BODY>Oper shr 15 cts vs eight cts
+    Oper net 517,333 vs 276,240
+    Revs 22.4 mln vs 14.0 mln
+    Note: 1986 shr and net exclude extraordinary gain of
+1,333,760 dlrs or 40 cts share. 1985 shr and net exclude
+extraordinary gain of 294,859 dlrs or 10 cts share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10906" NEWID="5994">
+<DATE>17-MAR-1987 10:56:44.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5253&#31;reute
+r f BC-SYSTEMATICS-INC-&lt;SYST   03-17 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYSTEMATICS INC &lt;SYST> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    LITTLE ROCK, Ark., March 17 -
+    </DATELINE><BODY>Shr 33 cts vs 27 cts
+    Net 3,588,000 vs 2,981,000
+    Revs 37.8 mln vs 31.6 mln
+    Nine mths
+    Shr 72 cts vs 76 cts
+    Net 7,843,000 vs 8,344,000
+    Revs 103.3 mln vs 90.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10907" NEWID="5995">
+<DATE>17-MAR-1987 10:57:04.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5256&#31;reute
+d f BC-SYSTEMED-CHANGES-NAME   03-17 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYSTEMED CHANGES NAME TO KNOWLEDGE DATA &lt;KDSI></TITLE>
+<DATELINE>    SALT LAKE CITY, March 17 - </DATELINE><BODY>Systemed Inc said it changed its
+name to Knowledge Data Systems Inc.
+    It will now trade under the NASDAQ symbol KDSI. Its
+previous symbol was &lt;SYMD>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10908" NEWID="5996">
+<DATE>17-MAR-1987 10:57:14.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5257&#31;reute
+d f BC-ROYAL-RESOURCES-&lt;RRCO   03-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL RESOURCES &lt;RRCO> TO BUY GOLD MINE STAKE</TITLE>
+<DATELINE>    DENVER, COLO., March 17 - </DATELINE><BODY>Royal Resources Corp said it
+exercised an option to buy all of the common stock of Montagu
+Mining Investments Inc, whose primary asset is a ten pct
+interest in Hog Ranch gold mine in Washoe County, Nevada.
+    Royal said it paid 3.6 mln dlrs in cash plus 200,000 shares
+of Royal Resources common stock for the interest.
+    Montagu Mining is a subsidiary of London-based Samuel
+Montagu Ltd.
+    Hog Ranch is a joint venture gold mine which has been in
+operation since March 1986 and is currently producing gold at a
+rate of more than 50,000 ounces a year, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10909" NEWID="5997">
+<DATE>17-MAR-1987 10:57:20.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5258&#31;reute
+d f BC-LTV-&lt;QLTV>-GETS-MARIN   03-17 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LTV &lt;QLTV> GETS MARINE CORPS CONTRACT</TITLE>
+<DATELINE>    SOUTH BEND, Ind., March 17 - </DATELINE><BODY>LTV Corp said it has received
+a 23.5 mln dlr fixed-price contract to rebuild 923 M54 five-ton
+cargo trucks into more modern M813 cargo trucks.
+    It said it will deliver 120 conversion kits a months,
+starting late in the second quarter and ending early in the
+first quarter of 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10911" NEWID="5998">
+<DATE>17-MAR-1987 10:58:49.97</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f5260&#31;reute
+b f BC-/-FED-MAY-SUPPLY-RESE   03-17 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED MAY SUPPLY RESERVES IN THE MONEY MARKETS</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>There is a slightly better than even
+chance that the Federal Reserve will enter the U.S. Government
+securities market to add temporary reserves, economists said.
+    They said the Fed would supply the reserves indirectly via
+around 1.5 billion dlrs of customer repurchase agreements.
+    Federal funds, which averaged 6.25 pct yesterday, opened at
+6-1/16 pct and moved in a narrow range between there and six
+pct in early trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10912" NEWID="5999">
+<DATE>17-MAR-1987 10:58:59.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f5261&#31;reute
+r f BC-SPAIN-TO-SUSPEND-LEMO   03-17 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN TO SUSPEND LEMON EXPORTS FROM THURSDAY</TITLE>
+<DATELINE>    VALENCIA, Spain, March 17 - </DATELINE><BODY>Spain's citrus management
+committee said it was suspending lemon exports from Thursday in
+view of the likelihood of new European Community tariffs.
+    A committee spokesman said the body would meet next week to
+review the situation and decide whether to lift the suspension.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10913" NEWID="6000">
+<DATE>17-MAR-1987 10:59:15.68</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f5262&#31;reute
+u f BC-BALDRIGE-PREDICTS-SOL   03-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE PREDICTS SOLID U.S. HOUSING GROWTH</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+predicted 1987 will be the fifth successive year for growth in
+housing starts after a 2.6 pct rise overall in February starts
+to a seasonally adjusted annual rate of 1.851 mln units.
+    "This year should be the fifth solid year in a row for
+homebuilding activity -- with single-family units stronger than
+multi-family units," he said in a statement.
+    Single-family starts rose last month from January levels by
+5.6 pct to 1.317 mln units on a seasonally adjusted basis while
+multi-family unit starts fell 4.1 pct to 534,000 units, the
+department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-006.sgm b/textClassication/reuters21578/reut2-006.sgm
new file mode 100644
index 0000000..f8ca830
--- /dev/null
+++ b/textClassication/reuters21578/reut2-006.sgm
@@ -0,0 +1,31493 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10914" NEWID="6001">
+<DATE>17-MAR-1987 10:59:37.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM Y
+&#22;&#22;&#1;f5264&#31;reute
+r f BC-VALERO-ENERGY-&lt;VLO>-D   03-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALERO ENERGY &lt;VLO> DEBT UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Moody's Investors Service Inc said it
+upgraded Valero Energy Corp's 120 mln dlrs of debt.
+    Moody's cited an improved leverage position that will
+result from Valero's sale of its Valero Natural Gas subsidiary
+to Valero Natural Gas Partners L.P., the partial sale of units
+of that partnership to the public, and the simultaneous sale of
+first mortgage bonds to institutional investors.
+    Raised were Valero-backed tax-exempt economic development
+revenue bonds of Vincennes, Ind, to Baa-3 from B-1, Valero's
+subordinated debt to Ba-1 from B-2 and depository preferred
+stock to Ba-1 from B-2. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10915" NEWID="6002">
+<DATE>17-MAR-1987 11:01:59.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5272&#31;reute
+r f BC-NL-&lt;NL>-FILES-SUITS-A   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NL &lt;NL> FILES SUITS AGAINST UNITED CATALYSTS</TITLE>
+<DATELINE>    HIGHTSTOWN, N.J., March 17 - </DATELINE><BODY>NL Industries Inc's NL
+Chemicals Inc subsidiary said it filed two complaints against
+&lt;United Catalysts Inc> for patent infringements and
+misappropriation of confidential information.
+    NL said the patent infringement suit alleges that United's
+product, Thixogel DSS, infringes on NL's patent protecting its
+Bentone 128 product.
+    NL said it filed the patent complaint in the United States
+District Court for the Western District of Kentucky, and the
+misappropriation complaint in Circuit Court, Jefferson County,
+Ky. United Catalysts is based in Louisville, Ky.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10916" NEWID="6003">
+<DATE>17-MAR-1987 11:02:40.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f5277&#31;reute
+d f BC-IRVING-TRUST-&lt;V>-BUYS   03-17 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRVING TRUST &lt;V> BUYS GULF/WESTERN &lt;GW> UNIT</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Irving Bank Corp said it bought the
+factoring division of Associates Commercial Corp, a unit of
+Gulf and Western Co Inc's Associates Corp of North America.
+    The terms of the previously announced deal were not
+disclosed.
+    It said the assets were transferred to Irving Commercial
+Corp.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10917" NEWID="6004">
+<DATE>17-MAR-1987 11:03:32.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5283&#31;reute
+r f BC-DITTLER-BROTHERS-SEEK   03-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DITTLER BROTHERS SEEK LOTTERY INVESTIGATIONS</TITLE>
+<DATELINE>    ATLANTA, March 17 - </DATELINE><BODY>Dittler Brothers called for
+investigations by the attorneys general of 24 states in
+connection with possible violation of state lottery laws by
+Bally Manufacturing Corp &lt;BLY> and its subsidiary, Scientific
+Games.
+    Dittler Brothers said it requested the states' law
+enforcement chiefs to investigate the companies following last
+week's determination by a court-appointed auditor that
+Scientific furnished erroneous information to those 24 state
+lottery officials.
+    The states named are spread throughout the country.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10918" NEWID="6005">
+<DATE>17-MAR-1987 11:07:22.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5302&#31;reute
+d f BC-AMRE-INC-&lt;AMRE>-3RD-Q   03-17 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMRE INC &lt;AMRE> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    DALLAS, MArch 17 -
+    </DATELINE><BODY>Shr five cts vs one ct
+    Net 196,986 vs 37,966
+    Revs 15.5 mln vs 8,900,000
+    Nine mths
+    Shr 52 cts vs 22 cts
+    Net two mln vs 874,000
+    Revs 53.7 mln vs 28.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10919" NEWID="6006">
+<DATE>17-MAR-1987 11:07:47.91</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f5304&#31;reute
+u f BC-KANSAS-LEGISLATOR-TO   03-17 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS LEGISLATOR TO OFFER U.S. 0/92 BILL TODAY</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>U.S. Rep. Dan Glickman, D-Kan.,
+chairman of the House Agriculture subcommittee on wheat,
+soybeans and feedgrains, said he would today introduce a bill
+to apply the so-called 0/92 concept to wheat and feedgrains
+producers.
+    Glickman told Reuters the measure would allow 1987 winter
+wheat producers and 1988 feedgrains producers the possibility
+of receiving no less than 92 pct of their income support
+payments regardless of how much acreage they planted.
+    He also said his bill would protect program participants
+from reduced income payments in the event market prices rose
+above the loan rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10920" NEWID="6007">
+<DATE>17-MAR-1987 11:09:12.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5308&#31;reute
+b f BC-C.-ITOH-FINANCE-(EURO   03-17 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C. ITOH FINANCE (EUROPE) ISSUES EUROBOND</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>C. Itoh Finance (Europe) Ltd is issuing
+a 30 mln dlr deferred coupon eurobond, due March 30, 1992 and
+priced at 100.1 pct, Wako International (Europe) Ltd said as
+lead manager.
+    From the third year the bonds will pay interest at a rate
+of four pct over six month London interbank borrowed rate
+(Libor). They will be issued in denominations of 50,000 dlrs
+and will be listed in Luxembourg. Fees of 0.1 pct comprise two
+basis points for management and underwriting and eight points
+for selling.
+    Co-leads are Mitsui Trust International and Pru-Bache
+Securities International. Pay date is March 30.
+    The transaction is guaranteed by C. Itoh and Co (Hong Kong)
+Ltd, Wako International said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10921" NEWID="6008">
+<DATE>17-MAR-1987 11:09:38.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5309&#31;reute
+r f BC-INTERNATIONAL-LEASE-&lt;   03-17 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL LEASE &lt;ILFC> SELLS TWO JETS</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 17 - </DATELINE><BODY>International Lease
+Finance Corp said it sold two Boeing 737-200 aircraft and
+leased one 737-200 in two transactions valued at 28 mln dlrs.
+    It said the sales will result in a pre-tax gain for its
+second fiscal quarter ending May 31.
+    The two jets were sold for 18 mln dlrs to an investor group
+and the third was leased for five years to Pacific Western
+Airlines Ltd of Calgary, Alberta, International Lease said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10922" NEWID="6009">
+<DATE>17-MAR-1987 11:10:08.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5314&#31;reute
+r f BC-HITECH-ENGINEERING-&lt;T   03-17 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HITECH ENGINEERING &lt;THEX> COMPLETES STOCK SALE</TITLE>
+<DATELINE>    MCLEAN, Va., March 17 - </DATELINE><BODY>HiTech Engineering Co said it
+completed the private sale of 200,000 shares of its common
+stock to its chairman and president, Francine Prokoski, for
+37,500 dlrs.
+    The company said the proceeds will be used to develop
+products under a contract with a private company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10923" NEWID="6010">
+<DATE>17-MAR-1987 11:10:19.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5316&#31;reute
+d f BC-PORTA-SYSTEMS-CORP-&lt;P   03-17 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTA SYSTEMS CORP &lt;PSI> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    SYOSSET, N.Y., March 17 -
+    </DATELINE><BODY>Shr 10 cts vs 11 cts
+    Net 547,000 vs 579,000
+    Sales 11.0 mln vs 11.1 mln
+    Year
+    Shr 46 cts vs 52 cts
+    Net 2,500,000 vs 2,841,000
+    Sales 40.7 mln vs 40.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10924" NEWID="6011">
+<DATE>17-MAR-1987 11:14:30.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5335&#31;reute
+r f BC-CALIFORNIA-ENERGY-&lt;CE   03-17 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA ENERGY &lt;CECI> INITIAL OFFER STARTS</TITLE>
+<DATELINE>    SANTA ROSA, Calif., March 17 - </DATELINE><BODY>California Energy Co Inc
+said an initial public offering of 1,900,000 common shares is
+underway at 7.50 dlrs each through underwriters led by Laidlaw
+Adams and Peck Inc.
+    The geothermal power company said the offering is expected
+to close March 19.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10925" NEWID="6012">
+<DATE>17-MAR-1987 11:15:07.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5338&#31;reute
+r f BC-DIVI-HOTELS-&lt;DVH>-WAR   03-17 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIVI HOTELS &lt;DVH> WARRANTTRADE ON AMEX</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Divi Hotels NV of Aruba said its
+warrants have started trading today on the &lt;American Stock
+Exchange>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10926" NEWID="6013">
+<DATE>17-MAR-1987 11:15:13.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5339&#31;reute
+f f BC-******FEDERATED-DEPAR   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FEDERATED DEPARTMENT STORES INC 4TH QTR SHR 3.64 DLRS VS 3.16 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10927" NEWID="6014">
+<DATE>17-MAR-1987 11:15:25.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5340&#31;reute
+r f BC-&lt;WARNACO-GROUP-INC>-E   03-17 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WARNACO GROUP INC> EIGHT MTHS JAN THREE NET</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Oper net 46.6 mln
+    Revs 392 mln
+    12 mths
+    Oper net 65 mln vs 47.1 mln
+    Revs 590 mln vs 591 mln
+    NOTE: Eight months represents earnings following
+acquisition in May 1986 when company went private.
+    Period ending Jan. 3, 1987 excludes 42.3 mln dlrs of
+interest expenses, 41.6 mln dlrs of acquisition adjusments, and
+1.7 mln dlrs of income taxes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10928" NEWID="6015">
+<DATE>17-MAR-1987 11:15:35.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>ireland</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5341&#31;reute
+b f BC-BANK-OF-IRELAND-LAUNC   03-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF IRELAND LAUNCHES U.S. PAPER PROGRAM</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Bank of Ireland said it launched in the
+U.S. Market a commercial paper program for up to 200 mln dlrs,
+becoming the first Irish issuer of paper in that market.
+    It said the first tranche of an undisclosed amount was sold
+today through Goldman Sachs and Co Inc and that the paper last
+week had received the top A-1/P-1 rating of Standard and Poor's
+Corp and Moody's Investors Service Inc, respectively.
+    In a statement, the Bank of Ireland noted that the U.S.
+Paper market will provide it with a new source of funding.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10929" NEWID="6016">
+<DATE>17-MAR-1987 11:15:43.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS><D>worldbank</D><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f5342&#31;reute
+b f BC-BAKER-SAYS-U.S.-OPPOS   03-17 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS U.S. OPPOSES SOVIET BANK MEMBERSHIP</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Treasury Secretary James Baker said
+the U.S. opposes Soviet membership of the World Bank or the
+International Monetary Fund.
+    Baker told a House foreign affairs subcommittee, "I think
+our position is absolutely clear on that ... We do not support
+and will not support Soviet membership in the World Bank or the
+IMF."
+    Baker said the U.S. position was "unqualified and
+unconditional."
+    The secretary observed that he has written to congressman
+Jack Kemp, a New York Republican who is also a presidential
+contender, outlining the U.S. position.
+    Baker was responding to a questioner who noted that World
+Bank President Barber Conable has in the past suggested future
+Soviet membership could take place.
+    Ever since Soviet leader Mikhail Gorbachev suggested Soviet
+membership in the General Agreement on Tariffs and Trade --
+which was also rejected -- there has been speculation Moscow
+was interested in joining the international institutions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10930" NEWID="6017">
+<DATE>17-MAR-1987 11:16:02.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5345&#31;reute
+d f BC-GANTOS-INC-&lt;GTOS>-4TH   03-17 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANTOS INC &lt;GTOS> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    GRAND RAPIDS, MICH., March 17 -
+    </DATELINE><BODY>Shr 43 cts vs 37 cts
+    Net 2,276,000 vs 1,674,000
+    Sales 31.9 mln vs 23.9 mln
+    Avg shrs 5.3 mln vs 4.5 mln
+    Year
+    Shr 90 cts vs 69 cts
+    Net 4,508,000 vs 3,096,000
+    Sales 98.4 mln vs 75.0 mln
+    Avg shrs 5.0 mln vs 4.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10931" NEWID="6018">
+<DATE>17-MAR-1987 11:16:08.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5346&#31;reute
+d f BC-&lt;ATLANTIC-EXPRESS-INC   03-17 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ATLANTIC EXPRESS INC> 1ST HALF DEC 31 NET</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Shr not given
+    Net 788,099
+    Revs 15.5 mln
+    NOTE: Company went public during 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10932" NEWID="6019">
+<DATE>17-MAR-1987 11:16:42.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5349&#31;reute
+b f BC-RABOBANK-LAUNCHES-250   03-17 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RABOBANK LAUNCHES 250 MLN GUILDER BULLET</TITLE>
+<DATELINE>    UTRECHT, Netherlands, March 17 - </DATELINE><BODY>Rabobank Nederland B.A.
+Said it is launching under its own management a 250 mln guilder
+eight-year bullet bond with a 6-3/4 pct coupon and priced at
+par.
+    No early redemption is permitted on the bond which will be
+paid back in full on April 15, 1995.
+    Denominations are in 1,000 and five times 1,000 guilders.
+Subscription closes March 23, payment is April 15. Listing will
+be on the Amsterdam Stock Exchange.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10933" NEWID="6020">
+<DATE>17-MAR-1987 11:18:43.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5358&#31;reute
+u f BC-SPENDTHRIFT-FARMS-&lt;SF   03-17 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPENDTHRIFT FARMS &lt;SFI> GETS BID FOR CONTROL</TITLE>
+<DATELINE>    LEXINGTON, Ky., March 17 - </DATELINE><BODY>Spendthrift Farm Inc said it has
+received three tentative proposals to acquyire control of the
+company.
+    It said it is evaluating the proposals and will not comment
+further unless a definitive agreement is reached.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10934" NEWID="6021">
+<DATE>17-MAR-1987 11:18:58.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5360&#31;reute
+d f BC-BIOTECHNICA-&lt;BIOT>-HA   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOTECHNICA &lt;BIOT> HAS NEW AGRICULTURE UNIT</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 17 - </DATELINE><BODY>BioTechnica International said
+it established a new subsidiary, BioTechnica Agriculture, to
+develop and commercialize microbial and plant products for
+improving crops. It said the unit will be based in Overland
+Park, Kansas.
+    It said Charles H. Baker, former president of Rohm and Haas
+Co's &lt;ROH> Rohm and Haas Seed Inc affiliate, has been named
+president of the new agriculture unit. The company said Baker
+will also act for a limited time as president of &lt;Chaco
+Enterprises Inc>, formed to acquire the Hybrex hybrid wheat
+technology from Rohm and Haas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10935" NEWID="6022">
+<DATE>17-MAR-1987 11:19:09.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5361&#31;reute
+d f BC-SUNWORLD-&lt;SUNA>-HAS-H   03-17 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNWORLD &lt;SUNA> HAS HIGHER LOAD FACTOR</TITLE>
+<DATELINE>    LAS VEGAS, Nev., March 17 - </DATELINE><BODY>Sunworld International Airways
+Inc said its February load factor rose to 53 pct from 46.1 pct
+a year earlier and its year-to-date load factor was up to 52
+pct from the 51 pct posted for the same period last year.
+    February revenue passenger miles rose to 27.4 mln from 26.4
+mln, but year-to-date revenue miles declined to 59.7 mln from
+60.4 mln.
+    Available seat miles for the month dropped to 51.7 mln from
+57.2 mln and for the two month period available miles totaled
+115.3 mln, down from last year's 119.2 mln, Sunworld
+International said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10936" NEWID="6023">
+<DATE>17-MAR-1987 11:22:34.18</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f5371&#31;reute
+u f BC-SHEARSON-LEHMAN-UPGRA   03-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHEARSON LEHMAN UPGRADES U.S. OIL STOCKS</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Analyst Sanford Margoshes of Shearson
+Lehman Brothers said he recommended a number of oil stocks
+today now that it is apparent that OPEC has succeeded in
+holding to its prescribed production quotas.
+    "It is clear that OPEC, through jawboning and quota
+restraint, will boost the price of oil," Margoshes said.
+    Prices of oil stocks rose sharply today in response to
+higher oil prices and optimism about OPEC quotas. Margoshes
+said he recommends Imperial Oil &lt;IMO.A>, up 1/2 to 49-1/8,
+Standard Oil Co &lt;SRD>, 7/8 to 62-3/4, Exxon &lt;XON> one to
+83-1/8, and Chevron &lt;CHV> 1-1/8 to 54-7/8.
+    In addition, Margoshes said he recommended Atlantic
+Richfield &lt;ARC> on a short-term basis, though he said he is
+still suspect about its debt situation. Atlantic Richfield rose
+1-3/4 to 77.
+    He said "the market could come down to test the 16 dlr a
+barrel level again, but the main thrust of investing in oil is
+positive right now. Before the year is out we will see higher
+oil prices."
+    He noted that belief that the government is interested in
+raising the strategic reserves is factored into the rise in oil
+stocks today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10937" NEWID="6024">
+<DATE>17-MAR-1987 11:24:30.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>west-germany</D></PLACES>
+<PEOPLE><D>kohl</D><D>delors</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5381&#31;reute
+u f BC-EC-COMMISSION-TO-VISI   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE> EC COMMISSION TO VISIT BONN AT KOHL'S INVITATION</TITLE>
+<DATELINE>    BRUSSELS, March 17 - </DATELINE><BODY>West German Chancellor Helmut Kohl has
+invited the European Community's 17-man Commission for talks in
+Bonn next month in a bid to repair strained relations, EC
+diplomats said.
+    The Commissioners, led by President Jacques Delors, will
+pay a two-day visit to Bonn on April 1-2 when they were due for
+a meeting with the principal West German cabinet members.
+    The meeting, the first of its kind between the Commission
+and the government of a member state, was originally meant to
+focus on problems posed by West Germany's federal constitution.
+    But they said the meeting was now likely to be dominated by
+Commission plans to restructure the EC's exhausted finances and
+its costly farm policy, which have provoked strong opposition
+from Bonn.
+    Kohl has written two letters to Delors, complaining that
+the plans would hit West German farmers hard.  His farm
+minister Ignaze Kiechle has publicly criticised the two German
+members of the Commission for failing to oppose them.
+    This caused protest from Brussels where the Commission
+tries to guard the independence of its members from the
+governments that nominate them.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10938" NEWID="6025">
+<DATE>17-MAR-1987 11:25:02.06</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>zambia</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f5382&#31;reute
+u f BC-ZAMBIAN-MINISTER-CONF   03-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIAN MINISTER CONFIRMS COPPER DIVERSION</TITLE>
+<DATELINE>    LUSAKA, March 17 - </DATELINE><BODY>Minister of Mines Patrick Chitambala
+confirmed that Zambia had ended copper shipments through South
+Africa and announced that its state-run mining company had
+closed down its liaison office in the white-ruled republic.
+    He told the official Times of Zambia newspaper in an
+interview the government was diverting all mineral exports
+along rail routes to Dar es Salaam in Tanzania and Beira in
+Mozambique. Chitambala declined to say what volume of copper
+and other minerals were being shipped through these two ports,
+but he said there had not been any problem with the new
+arrangements.
+    "So far our copper has been reaching its destinations
+without hindrance," he told the Times.
+    The Times of Zambia quoted unnamed sources as saying Zambia
+exported 100,000 tonnes of copper through Dar es Salaam and
+17,000 through Beira in the last quarter of 1986. Diplomatic
+sources in Lusaka had earlier expressed doubts over Zambia's
+ability to ship all its copper through Beira and Dar es Salaam
+without causing massive bottlenecks at the ports.
+    Chitambala also said that the state-run Zambia Consolidated
+Copper Mines (ZCCM) had closed its liaison office in
+Johannesburg, since it was now redundant.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10939" NEWID="6026">
+<DATE>17-MAR-1987 11:25:49.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5385&#31;reute
+f f BC-******TAFT-CHAIRMAN'S   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TAFT CHAIRMAN'S GROUP RAISES TAFT BROADCASTING BID TO 150 DLRS/SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10940" NEWID="6027">
+<DATE>17-MAR-1987 11:26:47.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5388&#31;reute
+d f BC-DEVELOPMENT-CORP-OF-A   03-17 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEVELOPMENT CORP OF AMERICA &lt;DCA> MERGED</TITLE>
+<DATELINE>    HOLLYWOOD, Fla., March 17 - </DATELINE><BODY>Development Corp of America
+said its merger with Lennar Corp &lt;LEN> was completed and its
+stock no longer existed.
+    Development Corp of America, whose board approved the
+acquisition last November for 90 mln dlrs, said the merger was
+effective today and its stock now represents the right to
+receive 15 dlrs a share.
+    The American Stock Exchange said it would provide further
+details later.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10941" NEWID="6028">
+<DATE>17-MAR-1987 11:27:21.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f5391&#31;reute
+u f BC-TREASURY'S-BAKER-CALL   03-17 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER CALLS FOR NEW BRAZIL PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Treasury Secretary James Baker said
+that Brazil should come up with a new economic plan if it hopes
+to get additional assistance from commercial banks and others.
+    In testimony before a House appropriations subcommittee,
+Baker said that he had given that message to Brazilian
+officials earlier this month when they met for talks in
+Washington.
+    He said that the so-called Cruzado Plan had worked for a
+while, but that new efforts by the government are now required.
+    Baker made it clear that he backed the decision by the
+Paris Club official creditors to reschedule loans to Brazil,
+even though the country later froze its payments to commercial
+bank creditors.
+    He said that the official loans are being serviced and that
+this was a result of the rescheduling.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10942" NEWID="6029">
+<DATE>17-MAR-1987 11:27:51.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5394&#31;reute
+d f BC-CALIFORNIA-MICRO-&lt;CAM   03-17 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA MICRO &lt;CAMD> TRADES ON NASDAQ</TITLE>
+<DATELINE>    MILPITAS, Calif., March 17 - </DATELINE><BODY>California Micro Devices Corp
+said its stock was included in the March 17 expansion of the
+NASDAQ market system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10943" NEWID="6030">
+<DATE>17-MAR-1987 11:28:09.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5396&#31;reute
+d f BC-TEVA-&lt;TEVIY>-SELLS-PR   03-17 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEVA &lt;TEVIY> SELLS PROMEDICO SUBSIDIARY</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Teva Pharmaceutical Industries Ltd,
+based in Israel, said it sold its wholly owned Promedico
+subsidiary, to foreign investors for four mln dlrs.
+    It said the book value of the unit is about 2.2 mln dlrs.
+    Teva said it will continue to market Promedico's products
+through its wholly owned subsidiary, Salomon, Levin and Elstein
+Ltd.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10944" NEWID="6031">
+<DATE>17-MAR-1987 11:28:28.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5398&#31;reute
+d f BC-ERC-&lt;ERC>-GETS-THIRD   03-17 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERC &lt;ERC> GETS THIRD CONTRACT</TITLE>
+<DATELINE>    FIARFAX, Va., March 17 - </DATELINE><BODY>ERC International said its
+Facilities Management Group subsidiary, ERCI Facilities Service
+Corp, was awarded a 2.1 mln dlrs contract in the drug
+repository field, the third such contract in nine months.
+    It said that under the five-year contract, it will manage
+the National Cancer Institutes's pre-clinical drug repository
+of more than 400,000 drugs and chemicals used to test antitumor
+activity in animals and tissue culture systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10945" NEWID="6032">
+<DATE>17-MAR-1987 11:29:40.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f5404&#31;reute
+u f BC-BAKER-SAYS-U.S.-NOT-S   03-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS U.S. NOT SEEKING IADB VETO</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Treasury Secretary James Baker said
+that the United States was not seeking loan veto in its
+negotiation for voting power at the Inter-American Development
+Bank.
+    Discussing the ongoing negotiation, Baker said the U.S.
+position is that the countries that pay in the most should have
+the greatest say over the loan decisions.
+    The U.S. is seeking the power to block loan votes with one
+other country, and the issue will be discussed in Miami later
+this month at the annual meeting of the Latin development bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10946" NEWID="6033">
+<DATE>17-MAR-1987 11:31:47.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5409&#31;reute
+r f BC-NEW-MILFORD-SAVINGS-B   03-17 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW MILFORD SAVINGS BANK &lt;NMSB> RAISES PAYOUT</TITLE>
+<DATELINE>    NEW MILFORD, Conn., March 17 -
+    </DATELINE><BODY>Qtly div 25 cts vs 20 cts prior
+    Pay April 21
+    Reord March 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10947" NEWID="6034">
+<DATE>17-MAR-1987 11:32:05.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5411&#31;reute
+b f BC-K-MART-&lt;KM>-ENDS-TALK   03-17 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART &lt;KM> ENDS TALKS TO SELL STORES</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>K Mart Corp said recent talks to sell
+65 remaining Kresge variety stores and their underlying real
+estate to F.W. Woolworth Co &lt;Z> have ended.
+    Robert Stevenson, K Mart vice president, told Reuters the
+talks, which began about six weeks ago, ended. He declined to
+give a reason.
+    Kresge is the forerunner of what is now the K Mart chain.
+The name was changed to K Mart in 1977, Stevenson said.
+    "We're selling and buying real estate in our real estate
+division, and Woolworth was interested in some of our
+properties. The talks were of a casual nature," he said.
+    The 65 Kresge stores that are scattered around the country
+in downtown and suburban locations, he said.
+    Stevenson said K Mart will continue to operate the stores.
+"The stores are profitable. The only decision K Mart has made
+is that we will continue to operate them," he said
+    Kresge had been a nationwide chain of 900 variety stores.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10948" NEWID="6035">
+<DATE>17-MAR-1987 11:32:21.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5413&#31;reute
+d f BC-INSTITUTE-OF-CLINICAL   03-17 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSTITUTE OF CLINICAL PHARM PLC &lt;ICPYY> YEAR</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Shr 20 ct vs 27 cts
+    Net 1,048,000 vs 1,368,000
+    Revs 9,457,000 vs 5,386,000
+    NOTE: Dollar amounts converted from Irish pounds at noon
+buying rate of the Federal Reserve Bank of New York at Dec 31,
+1986, of 1.4105 dlr per one Irish pound. The equivalent rate at
+Dec 31, 1985, was 1.2470 dlr equals one Irsh pound. Full name
+of company is The Institute of Clinical Pharmacology PLC, based
+in Dulbin, Ireland.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10949" NEWID="6036">
+<DATE>17-MAR-1987 11:33:26.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5419&#31;reute
+f f BC-LAWSON-SAYS-U.K.-BASI   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LAWSON SAYS U.K. BASIC RATE INCOME TAX TO BE CUT TO 27 PCT FROM 29 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10950" NEWID="6037">
+<DATE>17-MAR-1987 11:36:40.54</DATE>
+<TOPICS><D>gnp</D><D>bop</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f5431&#31;reute
+b f BC-U.K.-GROWTH-RATE-SEEN   03-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. GROWTH RATE SEEN AT THREE PCT THIS YEAR</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Chancellor of the Exchequer Nigel
+Lawson, presenting his budget for fiscal 1987/88 to parliament,
+said U.K. Economic growth was forecast at three pct in calendar
+1987.
+    He said the Treasury expected a current account balance of
+payments deficit in 1987 of 2.5 billion stg, after a 1.1
+billion shortfall in 1986. Inflation is expected to be 4.0 pct
+at the end of 1987, he said, adding it may exceed 4.5 pct by
+the summer before falling back to 4.0 pct by the end of the
+year.
+    The planned PSBR for 1987/88 was 4.0 billion stg unchanged
+when compared with the likely outturn for fiscal 1986/87,
+Lawson said.
+    Although no explicit target was set for the broad sterling
+M3 money supply, Lawson said broad money will continue to be
+taken into account in assessing monetary conditions as well as
+the exchange rate.
+    The low outturn of the PSBR in 1986/87 was mainly due to
+the buoyancy of non-oil tax revenues in general, and the
+corporation tax paid by an increasingly profitable business
+sector in particular.
+    On oil prices, Lawson said he was sticking to his earlier
+assumption that North Sea crude prices will average 15 dlrs per
+barrel in calendar 1987. The treasury would strive to keep the
+PSBR at 1.0 pct of GDP in future, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10951" NEWID="6038">
+<DATE>17-MAR-1987 11:39:54.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5452&#31;reute
+r f BC-BUTLER-&lt;BTLR>-TO-BUY   03-17 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUTLER &lt;BTLR> TO BUY BACK 600,000 SHARES</TITLE>
+<DATELINE>    KANSAS CITY, MO., March 17 - </DATELINE><BODY>Butler Manufacturing Co said
+its board authorized the repurchase of up to 600,000 shares, or
+12 pct of its outstanding common stock.
+    It said purchases will be made in open market and private
+transactions through Kidder, Peabody and Co.
+    Butler currently has 5,001,848 shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10952" NEWID="6039">
+<DATE>17-MAR-1987 11:40:05.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5453&#31;reute
+r f BC-ROYAL-PALM-&lt;RPAL>-SAY   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL PALM &lt;RPAL> SAYS RESTRICTIONS LIFTED</TITLE>
+<DATELINE>    WEST PALM BEACH, Fla., March 16 - </DATELINE><BODY>Royal Palm Savings
+Association said it has entered into an agreement with the
+Federal Home Loan Bank Board and the Florida Department of
+Banking and Finance resulting in the removal of limitations
+which had severely restricted its growth and lending.
+    The company said it will now be permitted to grow about 70
+mln dlrs in calendar 1987, or about 15 pct for this year, and
+at the same rate thereafter.
+    Royal Palm said under the accord, it will resume commercial
+and nonresidential lending but will place substantial emphasis
+on residential loans.
+    The company said it agreed to adopt new policies and
+procedures but did not elaborate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10953" NEWID="6040">
+<DATE>17-MAR-1987 11:40:26.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f5457&#31;reute
+d f BC-WEST-GERMAN-FEED-OUTP   03-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN FEED OUTPUT SEEN DECLINING</TITLE>
+<DATELINE>    BONN, March 17 - </DATELINE><BODY>West German feedstuffs production is
+expected to decline further after it dropped to 16.5 mln tonnes
+in 1986 from 16.7 mln the previous year, the West German Feed
+Stuff Industry Association (MFI) said.
+    Association president Ulrich Wagner told a news conference
+West Germany's rate of self sufficiency in the feedstuffs
+sector is expected to fall below 70 pct this year from around
+75 pct in 1986.
+    He attributed the expected decline to introduction of milk
+quotas in 1984, aimed at curbing EC milk production, and to
+cheaper imports from abroad.
+    "Our industry's output is not even close to stagnation,"
+Wagner said. "In the long term we expect annual production to
+decline steadily."
+    The only sector which saw a slight increase last year, by
+0.6 pct, was feed for poultry which rose to 3.25 mln tonnes
+from 3.23 mln, he said.
+    Wagner predicted that the sales volume in feed for dairy
+cattle will decline even more this year because of the further
+cut in milk output from April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10954" NEWID="6041">
+<DATE>17-MAR-1987 11:40:46.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5460&#31;reute
+d f BC-ICN-BIOMEDICALS-INC-&lt;   03-17 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICN BIOMEDICALS INC &lt;BIMD> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 17 -
+    </DATELINE><BODY>Shr 10 cts vs eight cts
+    Net 856,000 vs 574,000
+    Sales 9,593,000 vs 9,232,000
+    Avg shrs 8,809,000 vs 6,969,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10955" NEWID="6042">
+<DATE>17-MAR-1987 11:40:52.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5461&#31;reute
+d f BC-APPLIED-CIRCUIT-TECHN   03-17 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLIED CIRCUIT TECHNOLOGY &lt;ACRT> 1ST QTR LOSS</TITLE>
+<DATELINE>    ANAHEIM, Calif., March 17 - </DATELINE><BODY>Period ended January 31.
+    Shr loss two cts vs loss 12 cts
+    Net loss 192,370 vs loss 1,494,146
+    Revs 6,751,830 vs 2,278,842
+    Note: Full name Applied Circuit Technology Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10956" NEWID="6043">
+<DATE>17-MAR-1987 11:40:57.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5463&#31;reute
+s f BC-FRISCH'S-RESTAURANTS   03-17 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRISCH'S RESTAURANTS INC &lt;FRS> SETS QUARTERLY</TITLE>
+<DATELINE>    CINCINNATI, March 17 -
+    </DATELINE><BODY>Qtly div 5-1/2 cts vs 5-1/2 cts prior
+    Pay April 16
+    Record April Six
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10957" NEWID="6044">
+<DATE>17-MAR-1987 11:42:11.71</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f5465&#31;reute
+f f BC-******FED-SETS-TWO-BI   03-17 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10958" NEWID="6045">
+<DATE>17-MAR-1987 11:44:54.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5478&#31;reute
+u f BC-NYSE-REVIEWS-PROGRAM   03-17 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE REVIEWS PROGRAM TRADING</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>The &lt;New York Stock Exchange> said it
+is undertaking a review of the long-term effects on securities
+markets of computer-driven trading techniques known as program
+trading.
+    The NYSE said, "The study will review major new trading
+techniques involving programmed portfolio hedging and index
+arbitrage for their potential benefits and risks to the
+financial system.  It will also explore the regulatory
+implications of these trading techniques and whether their
+increased use could possibly lead to market abuse."
+    The exchange said a final report is expected before the end
+of 1987.  It said program trading is becoming increasingly
+important as a market factor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10959" NEWID="6046">
+<DATE>17-MAR-1987 11:45:10.92</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f5479&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-17 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange two billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at 6-1/16 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10960" NEWID="6047">
+<DATE>17-MAR-1987 11:46:13.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5486&#31;reute
+u f BC-FEDERATED-DEPARTMENT   03-17 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED DEPARTMENT STORES INC &lt;FDS> 4TH QTR</TITLE>
+<DATELINE>    CINCINNATI, March 17 - </DATELINE><BODY>Jan 31 end
+    Shr 3.64 dlrs vs 3.16 dlrs
+    Net 171.3 mln vs 154.0 mln
+    Sales 3.44 billion vs 3.23 billion
+    Avg shrs 47.1 mln vs 48.8 mln
+    Year
+    Oper shr 6.23 dlrs vs 5.88 dlrs
+    Oper net 301.9 mln vs 286.6 mln
+    Sales 10.51 billion vs 9.98 billion
+    Avg shrs 48.5 mln vs 48.8 mln
+    NOTE: Latest year net excludes 14.3 mln dlr charge from
+loss on early debt extinguishment.
+    Net includes charges 15.7 mln dlrs in both periods of
+latest year vs charges 23.9 mln dlrs in both periods of earlier
+year from merger of divisions.
+    Investment tax credits three mln dlrs vs 8,900,000 dlrs in
+quarter and 4,900,000 dlrs vs 16.4 mln dlrs in year.
+    Latest year net includes nine mln dlr provision for loss on
+disposition of two Abraham and Strauss stores and preopening
+expenses for another.
+    Latest year net includes gain from sale of interest in Fort
+Worth, Texas, shopping center of 9,500,000 dlrs.
+    Latest year net both periods includes gain 9,100,000 dlrs
+from sale of interest in Memphis, Tenn., shopping center.
+    Prior year net includes gain 6,600,000 dlrs on sale of
+Boston Store division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10961" NEWID="6048">
+<DATE>17-MAR-1987 11:46:42.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5492&#31;reute
+r f BC-CLOTHESTIME-INC-&lt;CTME   03-17 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLOTHESTIME INC &lt;CTME> 4TH QTR NET</TITLE>
+<DATELINE>    ANAHEIM, Calif., March 17 -
+    </DATELINE><BODY>Shr 12 cts vs 10 cts
+    Net 1,683,000 vs 1,407,000
+    Sales 42.2 mln vs 28.8 mln
+    Year
+    Shr 83 cts vs 70 cts
+    Net 11,908,000 vs 10,005,000
+    sales 160.3 mln vs 126.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10962" NEWID="6049">
+<DATE>17-MAR-1987 11:47:10.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f5496&#31;reute
+r f BC-phoenix-canada-oil-to   03-17 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOENIX CANADA OIL TO APPEAL RULING</TITLE>
+<DATELINE>    Toronto, March 17 - </DATELINE><BODY>&lt;Phoenix Canada Oil Co Ltd> said it
+intends to appeal a ruling in U.S. Federal District Court of
+Delaware on its suit against Texaco Inc &lt;TX>, Chevron Corp
+&lt;CHV>, Chevron's Gulf Oil unit and their Ecuador subsidiaries.
+    The court ruled against Phoenix's claim that a royalty it
+held should have entitled it to a share of the 160 mln U.S.
+dlrs paid to the defendants when they sold 62.5 pct of their
+working interest in Ecuador oil operations, Phoenix said.
+    However, the court did award Phoenix 1,250,000 Canadian
+dlrs in underpayments, the company said.
+    Phoenix Canada Oil said the fiduciary relationship that
+existed between Phoenix, as the royalty owner, and the
+defendants, as the working interest operators, was fundamental
+in the oil industry and was not reflected in the court's
+ruling.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10963" NEWID="6050">
+<DATE>17-MAR-1987 11:47:33.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5500&#31;reute
+r f BC-GANNETT-&lt;GCI>-SEEKS-T   03-17 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANNETT &lt;GCI> SEEKS TO DOUBLE AUTHORIZED SHARES</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Gannett Co Inc said it will ask
+shareholders at the May Seven annual meeting to approve a
+doubling of authorized common shares to 400 mln and limitations
+on the liability of directors under Delaware law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10964" NEWID="6051">
+<DATE>17-MAR-1987 11:47:39.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5501&#31;reute
+d f BC-VIDEO-LIBRARY-INC-&lt;VL   03-17 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIDEO LIBRARY INC &lt;VLVL> 4TH QTR LOSS</TITLE>
+<DATELINE>    SAN DIEGO, Calif.,March 17 -
+    </DATELINE><BODY>Shr loss two cts vs profit three cts
+    Net loss 59,299 vs profit 88,843
+    Revs 3,487,693 vs 2,123,488
+    Year
+    Shr profit 25 cts vs loss two cts
+    Net profit 816,395 vs loss 44,541
+    Revs 12.2 mln vs 7,413,328
+    Avg shrs 3,208,472 vs 2,348,559
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10965" NEWID="6052">
+<DATE>17-MAR-1987 11:47:50.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5502&#31;reute
+r f BC-CONSERVATIVE-GAINS-MA   03-17 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSERVATIVE GAINS MAY SPEED FINNISH MARKET REFORM</TITLE>
+<AUTHOR>    By Simon Haydon, Reuters</AUTHOR>
+<DATELINE>    HELSINKI, March 17 - </DATELINE><BODY>Conservative gains in Finnish general
+elections could speed liberalisation of financial markets,
+though there will not be a radical economic restructuring,
+conservative officials and economic analysts said.
+    The conservatives gained nine new seats in parliament after
+the two-day elections, which ended yesterday, and political
+commentators say social democrat Prime Minister Kalevi Sorsa is
+likely to be replaced by a centre-right coalition.
+    International spokesman Pasi Natri told Reuters: "we are
+willing to liberalise the economy as much as possible."
+    Helsinki analysts said the outgoing centre-left coalition
+had introduced major reforms of money and stock markets in its
+period of government between 1983 and 1987.
+    They said Finnish conservatives bore little resemblance to
+other European conservative movements and had, for example,
+shelved privatisation policies to increase their popularity.
+    Finnish trade affairs are dominated by its special ties
+with its neighbour, The Soviet Union, and a new centre-right
+coalition could alter this relationship, the analysts said.
+   The two countries have a long-term pact under which trade
+must be balanced in value. The 1987 accord signed in January
+agreed bilateral trade totalling about 30 billion markka.
+    Finland exports finished products to the USSR, with crude
+oil accounting for 80 pct of imports.
+    The Centre Party said before the elections that Fenno-
+Soviet trade would have to be cut because Finland had to trim
+exports when the value of Moscow's oil exports to Finland fell.
+    Finnish financial markets reacted cautiously to the
+election news, with little movement in the markka or on the
+Helsinki stock exchange.
+    Securities analysts said the market would respond positively
+if a centre-right coalition was formed, but added it was too
+early to exclude the possibility that social democrats would
+hang on to power.
+    The spokesman said conservatives favoured legislation
+governing the stock market to prevent "casino-style behaviour."
+    He said the conservatives also favoured the establishment
+of an internal market between the Nordic countries.
+     International capital markets were becoming more and more
+important, he  said, adding conservatives would speed up the
+development of Finland's capial markets.
+   He said the conservatives supported the bilateral trade ties
+with Moscow, but that links with western Europe should be
+studied. Finland is a member of the European Free Trade
+Association ( EFTA).
+    Negotiations between the major Finnish political parties
+are likely to be protracted, and the shape of the new
+government will probably not be established before the start of
+April.
+    Conservatives hold 44 seats now, The Centre Party gained
+three to 40 and the social democrats lost one, and now hold 56
+seats.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10966" NEWID="6053">
+<DATE>17-MAR-1987 11:47:58.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f5503&#31;reute
+b f BC-/BANKAMERICA-&lt;BAC>-MA   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> MAY RECLASSIFY BRAZIL LOANS</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>BankAmerica Corp may place its
+long-term loans to Brazil on nonaccrual status if Brazil
+continues to defer interest payments on the loans, the bank
+holding company said in a filing with the Securities and
+Exchange Commission.
+    BankAmerica said its outstanding loans to Brazil currently
+total about 2.7 billion dlrs, including about 1.5 billion dlrs
+in long-term loans and 1.2 billion dlrs in short-term loans.
+    The Brazilian government announced in February its
+intention to stop paying interest temporarily on its long-term
+public and private sector commercial bank debt.
+    "Continued deferral of interest payment on these obligations
+could result in the loans being placed on nonaccrual status,"
+the banking firm said.
+    BankAmerica said its outstanding loans to Mexico currently
+total about 2.5 billion dlrs, of which about 215 mln dlrs of
+loans have been reported as either nonaccrual or past due 90
+days or more.
+    Outstanding loans to Venezuela currently total about 1.3
+billion dlrs, of which 241 mln dlrs of loans have been reported
+as either nonaccrual or past due 90 days or more, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10967" NEWID="6054">
+<DATE>17-MAR-1987 11:48:39.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5504&#31;reute
+d f BC-CHEMIE-LINZ-EXPECTS-S   03-17 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMIE LINZ EXPECTS SHARPLY HIGHER 1986 LOSS</TITLE>
+<DATELINE>    LINZ, Austria, March 17 - </DATELINE><BODY>State-owned &lt;Chemie Linz AG> is
+likely to record a 1986 loss of some 600 mln schillings
+compared with a 340 mln loss in 1985, a company spokesman said.
+    Falling sales and lower world prices of fertilisers were
+largely responsible for the sharp increase, along with the
+effects of the dollar's fall which has helped to give U.S.
+Fibre producers a competitive edge, he told Reuters.
+    The firm would have made a small profit in 1985 had it not
+been for 456 mln schillings lost by subsidiary &lt;Merx
+HandelsgesmbH> on oil trading. Merx has since withdrawn from
+the oil market. The firm will announce 1986 results in July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10968" NEWID="6055">
+<DATE>17-MAR-1987 11:49:09.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f5506&#31;reute
+d f BC-cabre-exploration-ltd   03-17 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CABRE EXPLORATION LTD> SIX MTHS JAN 31 NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 17 -
+    </DATELINE><BODY>Shr 13 cts vs 13 cts
+    Net 617,000 vs 604,000
+    Revs 1,889,000 vs 1,920,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10969" NEWID="6056">
+<DATE>17-MAR-1987 11:50:08.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5508&#31;reute
+b f BC-DUDLEY-TAFT-RAISES-BI   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUDLEY TAFT RAISES BID FOR TAFT BROADCASTING&lt;TFB></TITLE>
+<DATELINE>    CINCINNATI, Ohio, March 17 - </DATELINE><BODY>Dudley Taft and Narragansett
+Capital Inc said it was prepared to raise its bid to acquire
+Taft Broadcasting Co to more than 150 dlrs per share.
+    Taft, through Theta Co, sent and letter to Taft's board of
+directors stating he was committed to purchasing the
+broadcasting company and was ready to discuss all aspects of
+the purchase.
+    The company said items to be discussed included price,
+structure and form of consideration. Taft said he was prepared
+to negotiate a transaction in which Taft Broadcast shareholders
+would receive in excess of 150 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10970" NEWID="6057">
+<DATE>17-MAR-1987 11:50:48.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f5510&#31;reute
+f f BC-******TREASURY'S-BAKE   03-17 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS HE IS "QUITE CONFIDENT" JAPAN WILL STIMULATE ITS ECONOMY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10971" NEWID="6058">
+<DATE>17-MAR-1987 11:52:58.57</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f5519&#31;reute
+u f BC-EC-OILS-TAX-NO-LONGER   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC OILS TAX NO LONGER MAJOR ISSUE - ASSOCIATION</TITLE>
+<DATELINE>    BONN, March 17 - </DATELINE><BODY>The proposed European Community (EC) tax
+on vegetable oils and fats is no longer a major issue on the
+agenda and the EC Commission merely used it as a threat, the
+West German Feed Stuffs Industry Association (MFI) said.
+    Association chairman Ulrich Wagner told a news conference
+the West German feed industry believes the EC does not
+seriously contemplate the introduction of such a tax because it
+would end in another transatlantic trade war.
+    "We have just avoided a trade conflict with the U.S. And the
+Commission used the tax threat to calm national farm lobbies."
+    American Soybean Association (ASA) president-elect Wayne
+Bennett said yesterday in The Hague that U.S. Soybean producers
+were confident the tax would be rejected.
+    Bennett, who is leading one of three soybean delegations on
+a lobbying tour of EC capitals, will also visit Bonn on
+Thursday and Friday.
+    There are indications the Bonn government will also reject
+the proposed tax, Wagner said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10972" NEWID="6059">
+<DATE>17-MAR-1987 11:54:05.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5525&#31;reute
+d f BC-ALLWASTE-&lt;ALWS>-TO-BU   03-17 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLWASTE &lt;ALWS> TO BUY RELATED COMPANY</TITLE>
+<DATELINE>    HOUSTON, March 17 - </DATELINE><BODY>Allwaste Inc said it entered into an
+agreement in principle to acquire all the outstanding common of
+a related air-moving and industrial services company. It did
+not disclose the name of the company.
+    Allwaste, which preforms air-moving and related services,
+said it will swap shares of its common, valued at 2.6 mln dlrs,
+with the company it is acquiring.
+    It said the acquisition is subject to negotiation of a
+final agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10973" NEWID="6060">
+<DATE>17-MAR-1987 11:57:19.33</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f5543&#31;reute
+u f BC-EXXON-&lt;XON>-MAY-CLOSE   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> MAY CLOSE ONE FRENCH REFINERY</TITLE>
+<DATELINE>    NEW YORK, MARCH 17 - </DATELINE><BODY>Exxon Corp, the world's largest oil
+company, said in a published interview today that it was
+reviewing its worldwide refinery operations and might decide to
+close on of its french refineries.
+    Lee R. Raymond, Exxon's new president, singled out the
+possibility of a closure of one of Exxon's refineries in France
+during the interview.
+    An Exxon spokeswoman confirmed that Raymond had
+specifically mentioned refineries in France but said that no
+specific refinery had been named. She also said that all of
+Exxon's opertations were under constant review.
+    Exxon currently has two refineries in France, FOS in the
+mediterranean with a capcity of 175,000 barrels per day and
+Port Jerome west of paris with a similar capacity.
+    Petroleum Intelligence Weekly, an influential trade
+journal, said, in its current issue, that they understood that
+Exxon was looking at the possibility of refinery closures in
+Antwerp, Southern France or possibly Italy.
+    Paul Mlotok, oil analyst with Salomon Brothers inc said
+that with the closures Exxon made in 1986 in Europe and the
+improvement in the European refining situation, its future
+profits there should be good.
+    "Exxon and other major oil companies have closed a bunch of
+refineries in Europe, upgraded the rest and shaken many of the
+indepedents out of the market. Now with demand for products
+rising and efficient operations, Exxon should show superior
+earnings," Mlotok said.
+    "Just after Royal Dutch &lt;RD>, they are seen as one of the
+highest grade refiners in Europe," he added.
+    Industry sources said that the oil companies were likely to
+feel greater pressure on their operations in Southern Europe
+where competition from the OPEC countries is increasing as
+these producers move further into downstream operations.
+    PIW said that refiners in the Mediterranean can expect
+increased shipments from Saudi Arabia and other OPEC export
+refineries.
+    PIW said "sales from Libya, Algeria and elsewhere are
+expected to reclaim markets lost to Italian and other European
+refiners as a result of the abundance of cheap netback oil last
+year."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10974" NEWID="6061">
+<DATE>17-MAR-1987 11:58:19.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS><D>worldbank</D><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f5551&#31;reute
+r f BC-BAKER-SAYS-U.S.-OPPOS   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS U.S. OPPOSES SOVIET BANK MEMBERSHIP</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+said the U.S. opposes Soviet membership of the World Bank or
+the International Monetary Fund.
+    Baker told a House foreign affairs subcommittee, "I think
+our position is absolutely clear on that ... We do not support
+and will not support Soviet membership in the World Bank or the
+IMF."
+    Baker said the U.S. position was "unqualified and
+unconditional."
+    Baker was responding to a questioner who noted that World
+Bank President Barber Conable has in the past suggested future
+Soviet membership could take place.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10975" NEWID="6062">
+<DATE>17-MAR-1987 11:58:36.43</DATE>
+<TOPICS><D>veg-oil</D><D>soybean</D></TOPICS>
+<PLACES><D>italy</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f5552&#31;reute
+u f BC-ITALY-STANCE-ON-EC-OI   03-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY STANCE ON EC OILS TAX NOT ENCOURAGING-ASA</TITLE>
+<DATELINE>    ROME, March 17 - </DATELINE><BODY>Italy's response to protests by U.S.
+Soybean producers about the proposed European Community (EC)
+tax on vegetable oils and fats had not been encouraging,
+American Soybean Association (ASA) board chairman George
+Fluegel said.
+    Fluegel, heading one of three U.S. Soybean producer
+delegations currently on a lobbying tour of EC countries, told
+Reuters in an interview meetings with officials from the
+Italian Foreign and Agricultural ministries had not yielded
+much to encourage hopes that Italy would vote against the
+proposed tax.
+    Fluegel said his delegation had received a negative
+response from the Italian Agriculture Ministry, but that the
+attitude of the Foreign Ministry appeared "more realistic."
+    He said the proposed tax was discriminatory against U.S.
+Farmers since it was basically asking them to help finance the
+EC's Common Agricultural Policy (CAP) on oilseeds.
+    Asked which EC countries might be expected to vote against
+the proposed tax, he said, "Realistically, from the information
+we're getting, it looks like the English, the Germans,
+hopefully the Netherlands and Denmark." His delegation also
+hoped to convince Belgium to vote against the issue, he added.
+    Asked what form he thought U.S. Retaliatory action might
+take in the event of the EC tax proposal being approved,
+Fluegel said industrial as well as agricultural products could
+be involved.
+    U.S. Agriculture Secretary Richard Lyng warned the EC
+yesterday it would face serious retaliation if it enacted the
+tax.
+    ASA president-elect Wayne Bennett said yesterday in The
+Hague American soybean producers were confident the proposed
+tax would be rejected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10976" NEWID="6063">
+<DATE>17-MAR-1987 11:59:00.09</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f5556&#31;reute
+d f BC-ISRAEL'S-FIVE-YEAR-PL   03-17 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAEL'S FIVE-YEAR PLAN TO BOOST AGRICULTURE</TITLE>
+<DATELINE>    TEL AVIV, March 17 - </DATELINE><BODY>Israel has drawn up a five-year plan
+for 1987-1991 to raise agricultural production by 500 mln dlrs
+to 2.7 billion dlrs, an annual rise of 3.4 pct, the Israeli
+Ministry of Agriculture said. Agricultural exports are to be
+increased by 180 mln dlrs, or 4.8 pct per year on average.
+    The area planted to cotton is to remain at the 1986 level
+of 100,000 to 112,500 acres with exports expected to bring in
+80 to 90 mln dlrs per year. The 34 pct decline from the 1985
+level reflects continued water rationing which will remain in
+force, the ministry said.
+    Groundnut production is planned to increase by 13,000
+tonnes, or 57 pct, by 1991 and exports by 9,000 tonnes, or 82
+pct. Maize production is targetted to rise by 48,000 tonnes, or
+48 pct, and exports by 34,000 tonnes, or 45 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10977" NEWID="6064">
+<DATE>17-MAR-1987 12:02:53.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f5571&#31;reute
+r f BC-BRUNSWICK-&lt;BC>-FILES   03-17 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRUNSWICK &lt;BC> FILES FOR 300 MLN DLR SHELF</TITLE>
+<DATELINE>    SKOKIE, ILL., March 17 - </DATELINE><BODY>Brunswick Corp said it filed a
+registration statement with the Securities and Exchange
+Commission on a shelf offering of 300 mln dlr in senior debt
+securities.
+    It said proceeds from the sale will be used mainly for to
+replace variable rate indebtedness, primarily privately placed
+commercial paper, incurred in connection with the acquisitions
+of Bayliner marine Corp and Ray Industries Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10978" NEWID="6065">
+<DATE>17-MAR-1987 12:03:31.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5575&#31;reute
+u f BC-SOROS-GROUP-HAS-B.F.   03-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOROS GROUP HAS B.F. GOODRICH &lt;GR> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>An investor group led by New York
+investor George Soros said it acquired a 6.1 pct stake in B.F.
+Goodrich Co common stock as an investment.
+    The group said it paid about 69 mln dlrs for the 1,389,600
+Goodrich shares, which are being held by Quantum Fund N.V., a
+Netherlands Antilles investment firm advised by Soros.
+    It said all the shares were bought between Dec. 29 and
+March 9.
+    The group said it reserved the future right to buy
+additional shares and to formulate other purposes or plans
+regarding its Goodrich investment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10979" NEWID="6066">
+<DATE>17-MAR-1987 12:04:26.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f5584&#31;reute
+r f BC-BAKER-SAYS-U.S.-NOT-S   03-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS U.S. NOT SEEKING IADB VETO</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Treasury Secretary James Baker said
+the United States was not seeking loan veto in its negotiation
+for voting power at the Inter-American Development Bank.
+    Discussing the ongoing negotiation, Baker said the U.S.
+position is that the countries that pay in the most should have
+the greatest say over the loan decisions.
+    The U.S. is seeking the power to block loan votes with one
+other country, and the issue will be discussed in Miami later
+this month at the annual meeting of the Latin development bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10980" NEWID="6067">
+<DATE>17-MAR-1987 12:04:41.09</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f5585&#31;reute
+d f BC-BALDRIGE-PREDICTS-SOL   03-17 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE PREDICTS SOLID U.S. HOUSING GROWTH</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+predicted 1987 will be the fifth successive year for growth in
+housing starts after a 2.6 pct rise overall in February starts
+to a seasonally adjusted annual rate of 1.851 mln units.
+    "This year should be the fifth solid year in a row for
+homebuilding activity -- with single-family units stronger than
+multi-family units," he said in a statement.
+    Single-family starts rose last month from January levels by
+5.6 pct to 1.317 mln units on a seasonally adjusted basis while
+multi-family unit starts fell 4.1 pct to 534,000 units, the
+department reported.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10981" NEWID="6068">
+<DATE>17-MAR-1987 12:05:06.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5587&#31;reute
+f f BC-******TAFT-BROADCASTI   03-17 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TAFT BROADCASTING SAYS IT WILL CONTINUE TO REVIEW OPTIONS IN RESPONSE TO LATEST BID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10982" NEWID="6069">
+<DATE>17-MAR-1987 12:05:12.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5588&#31;reute
+b f BC-******COURT-ENJOINS-Z   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COURT ENJOINS ZICO INVESTMENT'S TENDER FOR BANCROFT CONVERTIBLE FUND
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10983" NEWID="6070">
+<DATE>17-MAR-1987 12:06:41.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5599&#31;reute
+u f BC-STEINHARDT-GROUP-HAS   03-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEINHARDT GROUP HAS 6.6 PCT OF HOLIDAY &lt;HIA></TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>A group led by New York investor
+Michael Steinhardt told the Securities and Exchange Commission
+it bought a 6.6 pct stake in Holiday Corp common stock as an
+investment.
+    The group said it paid 114 mln dlrs for its 1.6 mln Holiday
+shares, 530,000 of which were bought since Feb. 6.
+    At the same time, group members said they held short
+positions in the stock totaling 830,000 shares.
+    In addition to Steinhardt himself, the group includes
+Steinhardt Partners and Institutional Partners, two investment
+firms of which Steinhardt is one of the general partners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10984" NEWID="6071">
+<DATE>17-MAR-1987 12:08:46.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f5612&#31;reute
+u f AM-REAGAN-POINDEXTER   03-17 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POINDEXTER REFUSES TO TESTIFY BEFORE COMMITTEE</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Adm. John Poindexter, a former
+National Security Adviser who resigned over the Iran arms
+scandal, refused to testify before a House committee probing a
+recent expansion of White House and military control over
+unclassified information.
+    "On advice of counsel, I decline to answer that question
+pursuant to my constitutional rights under the Fifth Amendment,"
+Poindexter said four times in response to questions from House
+Government Operations Committee chairman Rep. Jack Brooks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10985" NEWID="6072">
+<DATE>17-MAR-1987 12:09:38.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f5620&#31;reute
+r f BC-S/P-MAY-DOWNGRADE-CHI   03-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY DOWNGRADE CHI-CHI'S &lt;CHIC> CONVERTIBLES</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Standard and Poor's Corp said it may
+downgrade Chi-Chi's Inc's 50 mln dlrs of B-plus convertible
+subordinated debentures due 2009.
+    S and P cited continued poor operating performance of
+Chi-Chi's 200 Mexican food restaurants and the company's
+planned repurchase of up to three mln of its common shares.
+    Chi-Chi's posted a third-quarter loss of 10 mln dlrs,
+including a 20 mln dlr pretax loss from the disposal of 21
+company-owned restaurants as part of a restructuring plan, the
+rating agency noted. Profitability has fared poorly for three
+years, mostly because of intense competition, S and P added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10986" NEWID="6073">
+<DATE>17-MAR-1987 12:09:48.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5621&#31;reute
+r f BC-SCOR-U.S.-CORP-&lt;SURE>   03-17 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOR U.S. CORP &lt;SURE> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Oper shr 29 cts vs 22 cts
+    Oper net 3.9 mln vs 1.8 mln
+    Year
+    Oper shr 63 cts vs four cts
+    Oper net 10.1 mln vs 855,000
+    NOTE: Excludes gain one ct per share vs loss two cts in the
+quarter, and gain 41 cts per share vs gain six cts in the year
+from investments. Also excludes extraordinary gain of one ct
+per share in fourth quarter 1985, and gain of one ct per share
+vs one ct in the full year period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10987" NEWID="6074">
+<DATE>17-MAR-1987 12:09:54.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5622&#31;reute
+d f BC-NYSE-OPTION-TRADING-R   03-17 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE OPTION TRADING RIGHTS SEAT SALE</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>THe New York STock Exchange said an
+option trading rights seat sold for 40,000 dlrs, off 5,000 dlrs
+from the previous sale on January 29.
+    The Exchange said the current bid is 35,000 dlrs, the last
+offer is for 45,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10988" NEWID="6075">
+<DATE>17-MAR-1987 12:10:01.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5623&#31;reute
+d f BC-GENSTAR-SALE-BOOSTS-B   03-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENSTAR SALE BOOSTS BELGIAN SOCIETE GENERALE NET</TITLE>
+<DATELINE>    BRUSSELS, March 17 - </DATELINE><BODY>Societe Generale de Belgique &lt;BELB.BR>
+said the near doubling of net profits in 1986 was due in large
+part to the sale of shares in Genstar Corp.
+    The company, which announced a net non-consolidated profit
+of 5.31 billion francs compared with 2.82 billion in 1985, said
+its current profits rose by 19 pct last year, without giving
+further figures.
+    However, it added in a statement that the company made
+major capital gains on sales during the year, in particular
+from the sale of Genstar shares.
+    Societe Generale governor Rene Lamy told last November's
+annual meeting that 1986 asset disposals would total around 4.5
+billion francs, including the sale of Genstar shares to Imasco
+Limited &lt;IMS.TO>.
+    He predicted a profit on extraordinary items of two billion
+francs after a rough balance in 1985.
+    In today's statement, Societe Generale gave no figures for
+extraordinary gains.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10989" NEWID="6076">
+<DATE>17-MAR-1987 12:10:14.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5625&#31;reute
+d f BC-PHOTRONICS-&lt;PHOT>-HAS   03-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOTRONICS &lt;PHOT> HAS GENERAL DYNAMICS &lt;GD> PACT</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 17 - </DATELINE><BODY>Photronics Corp said it has
+received two mln dlrs in contracts from General Dynamics corp
+for continued production of primary and secondary mirror
+assemblies for the Stinger-Post missile.
+    It said the orders cover the second year of production of 
+a planned five-year program.
+    The companby also said it has received 800,000 dlrs in
+orders for optical countermeasure coatings from various
+customers and its total backlog at March One was 13.6 mln dlrs,
+a new record and up from last year's high of 11.2 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10990" NEWID="6077">
+<DATE>17-MAR-1987 12:10:19.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5626&#31;reute
+d f BC-E-SYSTEMS-&lt;ESY>-WINS   03-17 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E-SYSTEMS &lt;ESY> WINS NAVY CONTRACT</TITLE>
+<DATELINE>    DALLAS, March 17 - </DATELINE><BODY>E-Systems said it received a multi-year
+U.S. Navy contract for the continuing production of its
+military teleprinters for use in submarines.
+    It said the contract is worth 9,208,223 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10991" NEWID="6078">
+<DATE>17-MAR-1987 12:10:23.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5627&#31;reute
+d f BC-WESTERBEKE-CORP-&lt;WTKB   03-17 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERBEKE CORP &lt;WTKB> 1ST QTR JAN 31 LOSS</TITLE>
+<DATELINE>    AVON, Mass., March 17 -
+    </DATELINE><BODY>Shr loss 11 cts vs profit six cts
+    Net loss 217,200 vs profit 83,200
+    Revs 3,564,200 vs 3,171,900
+    Avg shrs 2,033,750 vs 1,334,950
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10992" NEWID="6079">
+<DATE>17-MAR-1987 12:12:01.32</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f5636&#31;reute
+r f BC-U.S.-HOUSE-TARGETING   03-17 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE TARGETING PROPOSAL SPARKS INTEREST</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>A proposal by two U.S. House
+Democrats to target government farm benefits to small- and
+medium-sized farms was warmly received by Democrats on a
+House subcommittee today.
+    "On balance, this is the best new idea I have seen," said
+Rep. Dan Glickman (D-Kan.), Chairman of the House Agriculture
+Subcommittee on Wheat, Feedgrains and Soybeans. "This is the
+first hard constructive proposal coming out as an alternative
+to the (Reagan) administration's farm proposal."
+    The plan, offered by Reps. Tim Penny (D-Minn.) and Byron
+Dorgan (D-ND), would raise target prices for wheat to 5.00 dlrs
+per bushel and for corn to 3.50 dlrs. Producers could receive
+deficiency payments on up to 80 pct of normal yield but not
+more than on 30,000 bu of corn and 20,000 bu of wheat.
+    The proposal also would require acreage reductions of 20
+pct, eliminate generic certificates and prohibit persons not
+actively engaged in farming from receiving program benefits.
+    Dorgan said the bill would save 24 billion dlrs over five
+years, protect family farms and eliminate government
+accumulation of stocks because nonrecourse loans would be
+halted.
+    However, Rep. Pat Roberts (R-Kan.) said the measure would
+"involve the federal government in deciding and defining who a
+family farmer is."
+    Roberts said the bill, for example, would restrict program
+payments to 500 acres of wheat production in western Kansas.
+    Other Republicans on the panel questioned how the bill
+would determine if a person was actively engaged in farming and
+therefore eligible for payments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10993" NEWID="6080">
+<DATE>17-MAR-1987 12:12:42.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f5641&#31;reute
+d f BC-NYSE-TO-REVIEW-PROGRA   03-17 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE TO REVIEW PROGRAM TRADING</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>The New York Stock Exchange said it
+will review the long-term effects on securities markets of
+computer-driven trading techniques known as program trading.
+    The NYSE said, "The study will review major new trading
+techniques involving programmed portfolio hedging and index
+arbitrage for their potential benefits and risks to the
+financial system.
+    "It will also explore the regulatory implications of these
+trading techniques and whether their increased use could
+possibly lead to market abuse."
+    The exchange said a final report is expected before the end
+of 1987. It said program trading is becoming increasingly
+important as a market factor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10994" NEWID="6081">
+<DATE>17-MAR-1987 12:13:33.69</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f5645&#31;reute
+u f BC-EC-TO-CONSIDER-NEW-DU   03-17 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC TO MULL NEW DURUM WHEAT INTERVENTION RULES</TITLE>
+<DATELINE>    BRUSSELS, March 17 - </DATELINE><BODY>The European Commission is to consider
+proposed new higher minimum standards for sales of durum wheat
+into intervention stores, European Community sources said.
+    They said a document drawn up by Commission officials
+proposes a reduction in the maximum humidity level to 13 pct
+from 14, an increase in the minimum weight to 78 kilos per
+hectolitre from 76, a tightening of other technical standards
+and introduction of some new ones.
+    Current public stocks of durum wheat in the EC are 1.15 mln
+tonnes, of which almost 1.12 mln are in Italy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10995" NEWID="6082">
+<DATE>17-MAR-1987 12:19:50.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5670&#31;reute
+u f BC-COURT-ENJOINS-TENDER   03-17 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT ENJOINS TENDER FOR BANCROFT &lt;BTV></TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Bancroft Convertible Fund said the
+U.S. District Court for the District of New Jersey issued a
+preliminary injunction, enjoining &lt;Zico Investment Holding
+Inc's> tender offer for Bancroft.
+    It said the Court order prevents Zico from buying any
+shares tendered to them during the offer, which began on Feb.
+17, 1987.
+    In the tender offer blocked by the Court, Zico offered to
+buy 500,000 shares, or about 22 pct of Bancroft's outstanding
+stock, for 30 dlrs a share.
+    Previously, Zico had bought 965,000 Bancroft shares for 31
+dlrs a share, giving it about 28 pct of the company. If the
+recent offer had gone through, the Zico would have owned
+slightly more than 50 pct of Bancroft's outstanding shares.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10996" NEWID="6083">
+<DATE>17-MAR-1987 12:26:30.76</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5697&#31;reute
+u f BC-ZAMBIAN-EXCHANGE-AUCT   03-17 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIAN EXCHANGE AUCTION TO RESUME AT END OF MARCH</TITLE>
+<DATELINE>    LUSAKA, March 17 - </DATELINE><BODY>Zambia will reintroduce a modified
+foreign exchange auction at the end of this month as part of a
+new two-tier exchange rate, central bank governor Leonard
+Chivuno said.
+    Chivuno told a press conference at the end of three weeks
+of negotiations with the International Monetary Fund (IMF) that
+there would be a fixed exchange rate for official transactions
+and a fluctuating rate, decided by the auction, for other types
+of business.
+    The Bank of Zambia previously held weekly auctions to
+distribute foreign exchange to the private sector and determine
+the kwacha's exchange rate, but these were suspended at the end
+of January.
+    President Kenneth Kaunda said at the time that he was
+suspending the auction system in view of the rapid devaluation
+and violent fluctations of the exchange rate which had
+resulted.
+    Business and banking sources said another reason for
+suspending the auction was that the central bank was low on
+foreign exchange and was 10 weeks behind in paying successful
+bidders.    The kwacha stood at 2.2 per dollar when the auction system
+was first introduced in October 1985, but it slid to around 15
+per dollar by the time it was suspended 16 months later.
+    Since then, Zambia has operated a fixed exchange rate of
+about nine kwacha per dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10997" NEWID="6084">
+<DATE>17-MAR-1987 12:28:10.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5707&#31;reute
+u f BC-JAMESWAY-CORP-&lt;JMY>-4   03-17 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMESWAY CORP &lt;JMY> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    SECAUCUS, N.J., March 17 - 
+    </DATELINE><BODY>Shr primary 64 cts vs 45 cts
+    Shr diluted 60 cts vs 44 cts
+    Net 4,524,000 vs 3,212,000
+    Revs 202.5 mln vs 171.9 mln
+    Avg shrs primary 7,112,480 vs 7,052,964
+    Avg shrs diluted 8,034,223 vs 8,008,763
+    Year
+    Shr primary 1.70 dlrs vs 1.31 dlrs
+    Shr diluted 1.65 dlrs vs 1.30 dlrs
+    Net 12.1 mln vs 9,252,000
+    Year
+    Revs 612.4 mln vs 523.4 mln
+    Avg shrs primary 7,112,480 vs 7,052,964
+    Avg shrs diluted 8,034,223 vs 7,732,544
+    Note: Includes after-tax LIFO charges of 441,000 dlrs vs
+359,000 dlrs for qtr and 539,000 dlrs vs 407,000 dlrs for year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10998" NEWID="6085">
+<DATE>17-MAR-1987 12:28:28.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5709&#31;reute
+b f BC-******TAFT-BROADCASTI   03-17 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAFT &lt;TFB> TO CONTINUE TO REVIEW ALTERNATIVES</TITLE>
+<DATELINE>    CINCINNATI, Ohio, March 17 - </DATELINE><BODY>Taft Broadcasting Co said its
+board continues to explore alternatives, such as a possible
+financial restructuring, in response to a Theta Corp offer of
+150 dlrs per share for Taft stock.
+    Last week Taft rejected a 145 dlr-a-share bid by Theta, an
+investment group headed by Taft's vice chairman, Dudley Taft.
+    Taft also said the new proposal would be submitted to the
+board but no decision had been made with respect to the sale of
+the company.
+    In the proposal, Theta said it was prepared to discuss all
+aspects of the offer including price, structure and form of
+consideration and would be prepared to negotiate a transaction
+in which shareholders would receive a value in excess of 150
+dlrs per share.
+    Taft said Theta requested that the company cooperate and
+provide it with information subject to an appropriate
+confidentiality agreement.
+    The company declined to comment beyond this statement.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10999" NEWID="6086">
+<DATE>17-MAR-1987 12:29:35.42</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5714&#31;reute
+b f BC-LAWSON-OIL-TAX-BREAKS   03-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON OIL TAX BREAKS TO HELP NEW FIELDS - REVENUE</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Two new U.K. Tax relief measures for oil
+producers, announced today, are aimed at encouraging
+developments in the North Sea to go ahead and boost
+opportunities for the offshore supplies industry, the Inland
+Revenue said in a post-budget statement.
+    Earlier, Chancellor of the Exchequer Nigel Lawson announced
+in his annual budget to Parliament that from today, companies
+will be allowed to offset up to 10 pct of qualifying
+development expenditure on certain future oil fields against
+Petroleum Revenue Tax (PRT).
+    To date, full relief was allowed for expenditure on an
+individual field itself, when its income stream began, but was
+not immediately available against other development
+expenditure, the statement said.
+    The new relief will apply to fields outside the southern
+basin for which development
+consent is first given on or after today, and will improve the
+post-tax economics of new developments and encourage companies
+to proceed with project which might have been delayed, it said.
+    Lawson also announced that he would henceforth allow
+certain expenditure on oil related research which does not at
+present qualify for PRT relief to be offset against PRT
+liability.
+    This means oil-related expenditure in the U.K. Or on the
+U.K. Continental shelf, which has not become allowable in a
+particular field within three years of being incurred, to be
+allowed against PRT liability in any oil field, the Inland
+Revenue said.
+    This brings the scope of PRT relief for research costs more
+in line with corporation tax relief measures, and is planned to
+encourage general research into ways of reducing field
+development costs, it said.
+    In due course, the industry should benefit by over 100 mln
+stg a year, it calculated.
+    The Inland Revenue statement also included other technical
+measures that Lawson did not comment on in his budget speech.
+    These included measures to allow companies to balance their
+shares of PRT-exempt oil allowances through reallocation in two
+past periods of allowance utilisation.
+    Tidier rules on incorrectly allowed PRT expenditure reliefs
+were announced, while there were also ammendments on rules on
+corporation tax and Advance Corporation Tax relating to the
+so-called "ring fence" of activities in the U.K. And its
+continental shelf. The Finance Bill will have provisions for
+the implementation of measures announced in November, it said.
+    Gareth Lewis Davies, a North Sea expert with stockbrokers
+Wood Mackenzie and Co Inc in Edinburgh, thought the two reliefs
+on PRT would help the depressed offshore industry.
+    He said the 10 pct cross field allowance relief would
+favour chances that development of smaller North Sea fields
+such Osprey, Don and Arbroath would be brought forward.
+    Early development of the larger Miller and Bruce oil fields
+might also be encouraged, he said.
+    Lewis Davies said the measure might also aid the offshore
+construction industry, which suffered a huge amount of lay-offs
+under the price slump of more than 50 pct last year.
+    He pointed out that the relief only applies to the
+development of new fields outside the Southern Basin.
+    This means more jobs could be created, as the fields in the
+central and northern sectors of the North Sea are deeper than
+in the south and thus have greater capital and labour
+requirements as the waters are deeper than in the south.
+    He said the PRT relief for certain research expenditure
+would help fundamental research in the oil industry, although
+the benefits of this research would not be seen for several
+year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11000" NEWID="6087">
+<DATE>17-MAR-1987 12:31:01.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5721&#31;reute
+r f BC-TEXAS-EASTERN-&lt;TET>-P   03-17 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS EASTERN &lt;TET> PLEDGES PCB CLEANUP</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Texas Eastern Corp's Texas Eastern
+Gas Pipleline unit President Howard C. Homeyer said the company
+is committed to cleaning up polychlorinated biphyenyls PCBs
+from its pipeline system.
+    In testimony before Sen. Frank Lautenberg's (D-N.J.),
+oversight committee on Environment and Public Works, a press
+statement said Homeyer said the company will work with the
+Environmental Protection Agency to immediately clean up
+contaminated sites.
+    The New York Times today reported that the EPA knew as
+early as the fall of 1985 about PCB contamination at sites
+along the Texas Eastern pipeline, but took no action because
+the company supplied insufficient information.
+    According to the Times, Texas Eastern admitted burying PCBs
+at 51 sites along its right of way.
+    Homeyer told the committee, according to a statement, that
+the cleanup will require cooperation among EPA headquarters,
+six EPA regions and a dozen states to avoid delays.
+    Texas Eastern officials were not immediately available for
+comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11001" NEWID="6088">
+<DATE>17-MAR-1987 12:32:43.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5729&#31;reute
+u f BC-SHONEY'S-INC-&lt;SHON>-1   03-17 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHONEY'S INC &lt;SHON> 1ST QTR FEB 15 NET</TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 17 - 
+    </DATELINE><BODY>Shr 31 cts vs 27 cts
+    Qtly div four cts vs four cts prior
+    Net 11.4 mln vs 9,905,528
+    Revs 194.3 m ln vs 171.7 mln
+    Note: Qtly div is payable April 22 to shareholders of
+record April three.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11002" NEWID="6089">
+<DATE>17-MAR-1987 12:35:39.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5745&#31;reute
+d f BC-PERRY-DRUG-&lt;PDS>-SLOW   03-17 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERRY DRUG &lt;PDS> SLOWS EXPANSION</TITLE>
+<DATELINE>    TROY, MICH., March 17 - </DATELINE><BODY>Perry Drug Stores Inc, which two
+weeks ago reported sharply lower first quarter earnings, plans
+to slow its expansion to five to six pct annually from 15 pct
+last year, Chairman Jack A. Robinson told Reuters.
+    Robinson said after the company's annual meeting that Perry
+also would slow its acquisition program, through which the
+company has moved into the auto parts business.
+     Although Robinson would not make a specific earnings
+forecast, he said "We expect to regain our earnings momentum in
+the second half of the current fiscal year, ending October 31."
+    Perry Drug earned 13 cts a share in its first quarter this
+year. It made 11 cts a share in last year's second half, down
+from 51 cts in the 1985 second half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11003" NEWID="6090">
+<DATE>17-MAR-1987 12:36:48.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5753&#31;reute
+u f BC-ATT-PHILIPS-BID-FOR-C   03-17 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT-PHILIPS BID FOR CGCT OUTLINED</TITLE>
+<DATELINE>    PARIS, March 17 - </DATELINE><BODY>American Telephone and Telegraph Co and
+Philips Telecommunications BV (APT) would hold 36 pct through
+direct and indirect holdings in France's &lt;Cie Generale de
+Constructions Telephoniques> if a joint bid with French
+partners for the soon-to-be-privatised firm succeeds, a
+director at one of the partner firms said.
+    Marc Mathieu of &lt;Societe Anonyme de Telecommunications>
+SAT, told journalists the bid foresaw a direct stake of 20 pct
+for APT, the joint firm set up by the U.S.'s ATT &lt;T.N.> and the
+NV Philips Gloeilampenfabrieken &lt;PGLO.AS>.
+    The other 80 pct would be owned by a holding company made
+up of SAT, APT, Cie du Midi &lt;MCDP.PA> and five mutual funds.
+   Under French law, foreign investors are restricted to a 20
+pct direct stake in privatised companies but can boost their
+stake to 40 pct through indirect holdings.
+    The make-up of the holding company, however, is subject to
+close discussions within the government due to legal queries
+over the nationality of the mutual funds, a Finance Ministry
+official said.
+    Although bought by French citizens they are managed by
+foreign banks &lt;Morgan Guaranty Trust Co of New York> and
+&lt;Banque de Neuflize, Schlumberger, Mallet SA>, controlled by
+Algemene Bank Nederland NV &lt;ABNN.AS>, an SAT spokesman said.
+    CGCT, which controls 16 pct of the French public telephone
+switching market, is to be sold by the government for 500 mln
+francs by private tender.
+    Five groups are bidding for the company and the government
+has said it will choose CGCT's new owner by the end of April.
+    APT vice-president Wim Huisman told a news conference a
+capital increase was envisaged if SAT-APT wins CGCT, but
+declined to give details or say how an increase would affect
+foreign stakes in CGCT.
+    In 1985, CGCT posted losses of 200 mln francs on sales of
+three billion after 1984 losses of 997 mln francs.
+    A joint SAT-APT statement added that buyers were committed
+to investing 240 mln francs in CGCT research and production
+plants. The APT-SAT offer includes a provision for CGCT to
+produce APT 5ESS-PRX switching technology and adapt it to
+French standards.
+    The tender was launched after a 1985 draft agreement for
+ATT to take over CGCT was abandoned following the introduction
+of the French government privatisation laws which reopened
+bidding among a wider range of applicants.
+    Other candidacies to take over CGCT include West Germany's
+Siemens AG &lt;SIEG.F> allied with Schneider SA &lt;SCHN.PA>
+subsidiary Jeumont-Schneider, Sweden's Telefon AB LM Ericsson
+&lt;ERIC.ST> allied with Matra &lt;MATR.PA> and Bouygues SA
+&lt;BOUY.PA>, Italy's &lt;Italtel>, and Canada's Northern Telecom Ltd
+&lt;NTL.TO>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11004" NEWID="6091">
+<DATE>17-MAR-1987 12:40:41.02</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5766&#31;reute
+u f BC-ANALYSTS-SEE-EARLY-ON   03-17 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSTS SEE EARLY ONE POINT CUT IN U.K. BASE RATE</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>British bank base lending rates are
+likely to fall by as much as one full point to 9-1/2 pct this
+week following the sharp three billion stg cut in the U.K.
+Central government borrowing target to four billion stg set in
+today's 1987 budget, bank analysts said.
+    The analysts described Chancellor of the Exchequer Nigel
+Lawson's budget as cautious, a quality which currency and money
+markets had already started to reward.
+    Sterling surged on foreign exchange markets and money
+market interest rates moved sharply lower as news of the budget
+measures came through, the analysts said.
+    Lloyds merchant bank chief economist Roger Bootle said he
+expected base rates to be cut by one full point tomorrow.
+    "This is very much a safety-first budget in order to get
+interest rates down," he said.
+    Bootle said the money markets had almost entirely
+discounted such a one point cut, with the key three month
+interbank rate down to 9-11/16 pct from 9-13/16 last night, and
+it would be rather conservative for banks to go for a
+half-point cut now.
+    Midland Bank treasury economist David Simmonds said he,
+too, expected base rates would be a full point lower by Friday,
+but this would likely happen via two half-point cuts.
+    "This budget is designed to please both the markets and the
+electorate. The implications for interest rates are very
+favourable, we could have a half-point cut tomrorow and another
+such cut before the end of the week," Simmonds said.
+    Pointing to buoyant U.K. Retail data released yesterday, he
+said Lawson had done well to resist pressures for a sharp cut
+in income tax rates at the expense of a lower borrowing target.
+"There is no real need to boost private consumption," he said.
+    National Westminster Bank chief economist David Kern said
+the lower borrowing target set in the budget had increased the
+likelihood of an early one-point base rate cut.
+    Kern said the budget would have to be analysed carefully,
+in particular to see how exactly Lawson planned to achieve the
+sharper than expected borrowing target cut, before a one-point
+base rate cut could be implemented.
+ But providing the budget small-print was convincing, "and I
+suspect it will be, it is entirely possible that we see one
+point off base rates by the end of this week," Kern said.
+    Bootle of Lloyds said the expected base rate cut would pave
+the way for an early one-point cut in mortgage lending rates.
+This would help achieve Lawson's lower than expected consumer
+price inflation target of four pct at end-1987, he said.
+    U.K. Base rates were cut last week to 10-1/2 pct from 11
+pct after sustained pressure from the foreign exchange, money
+and government bonds (gilts) markets.
+    But building societies said they would not cut lending
+rates until base rates had fallen by one full point.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11005" NEWID="6092">
+<DATE>17-MAR-1987 12:42:00.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5774&#31;reute
+u f BC-TOUSSIE-GROUP-SELLS-H   03-17 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOUSSIE GROUP SELLS HECK'S &lt;HEX> SHARES</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>A shareholder group led by New York
+investor Robert Toussie told the Securities and Exchange
+Commission it sold off most of its holdings in Heck's Inc
+common stock but reserved the right to again seek control of
+the company in the future.
+    The group, which includes the Edward A. Viner and Co
+brokerage, said it sold 579,600 shares since March 5, leaving
+it with 157,000 shares or 1.8 pct of the total outstanding.
+    The group had proposed a takeover of Heck's in September
+but later withdrew the offer, and Heck's on March 5 filed for
+protection from its creditors under federal bankruptcy law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11006" NEWID="6093">
+<DATE>17-MAR-1987 12:42:20.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5777&#31;reute
+u f BC-CYCLOPS-&lt;CYL>-HOLDER   03-17 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYCLOPS &lt;CYL> HOLDER WITHDRAWS TAKEOVER MOTION</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>&lt;Dixons Group PLC>, which is in a
+battle with &lt;CYACQ Corp> for control of Cyclops Corp, said a
+Cyclops shareholder had agreed to withdraw a motion in U.S.
+District Court to prevent Dixons from completing its tender
+offer for Cyclops, which expires 2400 EST today.
+    Dixons did not name the shareholder and did not disclose
+the holder's stake in Cyclops.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11007" NEWID="6094">
+<DATE>17-MAR-1987 12:42:58.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f5782&#31;reute
+r f BC-noma-industries-ltd   03-17 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NOMA INDUSTRIES LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 17 -
+    </DATELINE><BODY>Shr 72 cts vs 58 cts
+    Net 20.8 mln vs 14.9 mln
+    Revs 328.7 mln vs 239.8 mln
+    Avg shrs 28.9 mln vs 25.7 mln
+    Note: Prior year shr restated for June, 1986 two-for-one
+stock split
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11008" NEWID="6095">
+<DATE>17-MAR-1987 12:43:08.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5783&#31;reute
+d f BC-SEARS-&lt;S>-SETTLED-TO   03-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> SETTLED TO AVOID FURTHER LEGAL COSTS</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Sears Roebuck and Co, said it reached
+an out-of-court settlement with the Federal Trade Commission
+over the labeling of some down-filled garments sold in 1978 "to
+avoid further legal expenses."
+    In a statement, Michael Bozic, chairman of Sears
+Merchandise Group, said "As part of the voluntary corrective
+program, Sears removed 75 mln dlrs worth of down-filled
+merchandise from sale prior to the FTC investigation, retested
+and where necessary, relabeled goods and nationally offered a
+full refund."
+    Sears said it was "the only retailer to take extensive
+steps to protect consumers, despite the fact that down-labeling
+discrepancies were industry-wide in 1978."
+    Both Sears and Kellwood Co, a Sears supplier, agreed to pay
+penalties of 200,000 dlrs each to settle the charges.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11009" NEWID="6096">
+<DATE>17-MAR-1987 12:44:18.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5789&#31;reute
+u f BC-FIRM-HAS-COOPERVISION   03-17 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRM HAS COOPERVISION &lt;EYE> STOCK, WILL BUY MORE</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Siebel Capital Management Inc, a
+California investment adviser, told the Securities and Exchange
+Commission (SEC) it bought 1.3 mln CooperVision Inc common
+shares or 5.9 pct of the total outstanding.
+    In its SEC filing, the firm said it "intends to acquire more
+stock and may attempt to influence management of the company to
+make major changes in the company's business or corporate
+structure."
+    Siebel said it made net purchases of 163,200 CooperVision
+shares since Jan. 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11010" NEWID="6097">
+<DATE>17-MAR-1987 12:45:33.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5797&#31;reute
+u f BC-AMEX-CALLS-FOR-UNIFOR   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX CALLS FOR UNIFORM EXPIRATION PROCEDURES</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>The American Stock Exchange said it is
+prepared to move settlement prices for its broad-based stock
+index contracts to the stock market opening on expiration
+Fridays providing the change is part of an industry-wide move
+to a uniform system.
+    "We believe it is in the best interests of the industry for
+all markets to participate  in a coordinated move to base
+expiration Friday settlement prices on the stock market
+opening," Amex president Kenneth Leibler said in a statmenet.
+    He said non-uniform procedures will lead to "market and
+investor confusion."
+    Leibler said expirations based on openings "appears to
+offer greater opportunities than the close to most efficiently
+handle any order imbalances which may occur on expiration
+Fridays."
+    He said the markets would have the remainder of the trading
+day to correct any "price dislocations" that occur. Market
+analysts have attributed some wide swings in the stock market
+in part to arbitrage activity involving index options and
+futures and individual stocks.
+    Options on the Major Market Index and the Institutional
+Index, which now expire at the close, are traded on the Amex.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11011" NEWID="6098">
+<DATE>17-MAR-1987 12:47:30.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5805&#31;reute
+r f BC-GALAXY-OIL-&lt;GOX>-CRED   03-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GALAXY OIL &lt;GOX> CREDITORS TO FORECLOSE ASSETS</TITLE>
+<DATELINE>    WICHITA FALLS, Texas, March 17 - </DATELINE><BODY>Galaxy Oil Co said it was
+notified by its secured bank lenders that they plan to
+foreclose on the company's material assets on April 7.
+    The company, which is in default of its 26.5 mln dlrs of
+bank debt and all of its other interest bearing debt, said it
+is unlikely that its board will accept the banks' latest offer
+for restructuring its debt.
+    Galaxy said that if an agreement cannot be reached with its
+lenders, it plans to file for Chapter 11 reorganization on or
+before April 7. It added that it is holding talks with other
+parties on debt restructuring alternatives.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11012" NEWID="6099">
+<DATE>17-MAR-1987 12:47:39.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f5806&#31;reute
+u f BC-OECD-AGREES-EXPORT-CR   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD AGREES EXPORT CREDIT REFORMS</TITLE>
+<DATELINE>    PARIS, March 17 - </DATELINE><BODY>The western industrialised nations have
+agreed reforms in rules by which they provide credit for
+exports to developing countries, the Organisation for Economic
+Cooperation and Development (OECD) said.
+    The reforms tighten the rules for the use of foreign aid to
+subsidise export credits in so-called "mixed credits," the OECD
+said.
+    The agreement, to be implemented in two stages in July this
+year and July 1988, means the minimum aid component in mixed
+credits will be raised to 35 pct from 25 pct, and to 50 pct for
+credits covering exports to the world's least developed
+nations.
+    Additionally, a new formula will be used for calculating
+the aid element in mixed credits, to take account of different
+interest rates in the exporting countries, the 24-nation OECD,
+which hosted the reform negotiations, said.
+    Minimum interest rates for officially subsidised trade
+loans have also been revised with the aim of cutting the
+subsidies, and ending them completely on loans to relatively
+rich developing countries by July next year.
+    The reforms follow several years of pressure by the U.S. To
+stop competitors, notably France and Japan, using foreign aid
+to subsidise exports, putting U.S. Firms at a disadvantage.
+    OECD officials said the agreement was based on a
+provisional accord reached in January subject to ratification
+by member governments. Some governments, including Austria, had
+linked their final approval to other trade credit issues which
+would be discussed at a meeting here in mid-April, they added.
+    By raising the minimum amount of aid required in mixed
+credits the agreement aims to make such hidden subsidies too
+costly for frequent use.
+    "A major loophole in the General Agreement on Tariffs and
+Trade has been closed today," a senior U.S. Official here
+commented.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11013" NEWID="6100">
+<DATE>17-MAR-1987 12:48:21.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5807&#31;reute
+d f BC-DSC-&lt;DIGI>,-AMERITECH   03-17 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DSC &lt;DIGI>, AMERITECH'S &lt;AIT> OHIO BELL IN DEAL</TITLE>
+<DATELINE>    DALLAS, March 17 - </DATELINE><BODY>DSC Communications Corp said it was
+selected by American Information Technology Corp's &lt;AIT> Ohio
+Bell Telephone Co as a vendor of digital electronic
+cross-connect systems.
+    The systems are used to interconnect both low and high
+speed digital transmission links while providomg access to
+individual voice/data channels embedded within these links.
+.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11014" NEWID="6101">
+<DATE>17-MAR-1987 12:48:45.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5809&#31;reute
+r f BC-AMERICAN-CYANAMID-&lt;AC   03-17 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CYANAMID &lt;ACY> BUYS U.K. COMPANY</TITLE>
+<DATELINE>    WAYNE, N.J., March 17 - </DATELINE><BODY>American Cyanamid Co said it bought
+the 50 pct interest of Cyanamid Fothergill Ltd held by
+&lt;Fothergill and Harvey PLC>, making the unit a wholly owned
+subsidiary.
+    The unit manufactures structural materials, including
+advanced composites, adhesives, and aluminum honeycomb for the
+European space industry.
+    The current management will remain in place and the unit
+will continue at its locations in Wrexham, U.K., the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11015" NEWID="6102">
+<DATE>17-MAR-1987 12:50:42.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5816&#31;reute
+d f BC-NOEL-INDUSTRIES-INC-&lt;   03-17 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOEL INDUSTRIES INC &lt;NOL> 1ST QTR JAN 31 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Shr loss 26 cts vs loss 12 cts
+    Net loss 289,649 vs loss 138,372
+    Revs 5,944,286 vs 5,902,074
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11016" NEWID="6103">
+<DATE>17-MAR-1987 12:56:10.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5827&#31;reute
+u f BC-GROUP-BOOSTS-GELCO-&lt;G   03-17 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP BOOSTS GELCO &lt;GEL> STAKE TO 8.2 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>An investor group including New
+York-based Mutual Shares Corp and Mutual Qualified Income Fund
+Inc told the Securities and Exchange Commission it raised its
+stake in Gelco Corp common stock to 575,859 shares or 8.2 pct
+of the total outstanding.
+    The group said its most recent purchases included 241,000
+shares bought between January 21 and March 10.
+    The group said it purchased the shares for investment
+purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11017" NEWID="6104">
+<DATE>17-MAR-1987 12:58:27.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5836&#31;reute
+r f BC-OSHMAN'S-SPORTING-GOO   03-17 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OSHMAN'S SPORTING GOODS INC &lt;OSHM> 4TH QTR NET</TITLE>
+<DATELINE>    HOUSTON, March 17 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr 92 cts vs 1.28 dlrs
+    Net 5,415,000 vs 7,730,000
+    Revs 114.2 mln vs 112.9 mln
+    Avg shrs 5,864,000 vs 6,030,000
+    Year
+    Shr 45 cts vs 1.40 dlrs
+    Net 2,664,000 vs 8,536,000
+    Revs 322.9 mln vs 312.3 mln
+    Avg shrs 5,885,000 vs 6,105,000
+   
+    Note: Net includes LIFO gains of 48,000 dlrs vs 118,000
+dlrs for qtr and charges of 257,000 dlrs vs 225,000 dlrs for
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11018" NEWID="6105">
+<DATE>17-MAR-1987 12:58:45.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5838&#31;reute
+d f BC-UNIVERSITY-PATENTS-IN   03-17 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSITY PATENTS INC &lt;UPT> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    WESTPORT, Conn., March 17 -
+    </DATELINE><BODY>Oper shr 24 cts vs 19 cts
+    Oper net 1,096,332 vs 794,711
+    Revs 803,085 vs 442,420
+    Six mths
+    Oper shr 53 cts vs 43 cts
+    Oper net 2,375,844 vs 1,741,437
+    Revs 1,471,257 vs 768,683
+    NOTE: Prior year excludes income from discontinued
+operations of 19 cts per share in the quarter and 17 cts per
+share in the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11019" NEWID="6106">
+<DATE>17-MAR-1987 12:59:11.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5840&#31;reute
+u f BC-FREEDOM-FEDERAL-&lt;FRFE   03-17 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEDOM FEDERAL &lt;FRFE> SETS INITIAL PAYOUT</TITLE>
+<DATELINE>    OAK BROOK, Ill., March 17 - </DATELINE><BODY>Freedom Federal Savings Bank
+said it voted its first cash dividend of 10 cts a share,
+payable April 10, record March 31.
+    The 1987 annual dividend will be 40 cts a share, it said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11020" NEWID="6107">
+<DATE>17-MAR-1987 12:59:30.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5842&#31;reute
+d f BC-HOSPITAL-STAFFING-SER   03-17 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOSPITAL STAFFING SERVICES &lt;HSSI> 1ST QTR NET</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., March 17 - </DATELINE><BODY>Qtr ends Feb 28
+    Shr six cts vs three cts
+    Net 189,683 vs 80,499
+    Revs 2,874,930 vs 2,594,474
+    NOTE: Full name Hospital Staffing Services Inc.
+    Prior year includes extraordinary gain of one ct per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11021" NEWID="6108">
+<DATE>17-MAR-1987 13:01:50.02</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D><D>canada</D><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5847&#31;reute
+u f BC-DOLLAR-VALUE-APPROPRI   03-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR VALUE APPROPRIATE, BUNDESBANK OFFICIAL SAYS</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The dollar is near appropriate levels
+against European currencies and the yen, and a further fall
+could damage confidence in the currency while endangering world
+economic growth, a top Bundesbank official said.
+    Board member Leonhard Gleske also told a Forex Association
+conference current exchange rates of major currencies "can be
+viewed as equilibrium levels in a medium-term perspective."
+    He said the recent Paris agreement on currency
+stabilisation and policy coordination between the Group of Five
+and Canada may herald "an era of greater exchange rate
+stability."
+    The Paris agreement was not, however, an attempt to set up
+permanent target zones for exchange rates, Gleske stressed,
+adding such targets would be extremely difficult to agree and
+enforce on an international level.
+    "At present levels the dollar can no longer be considered
+grossly overvalued in relation to the European currencies and
+the yen," Gleske said.
+    He said the dollar had fallen much less against currencies
+of important trading nations such as Canada, Korea, Taiwan and
+Hong Kong, and further falls there may still be necessary.
+    But "a further dollar depreciation against major European
+currencies and the yen may not be the best way to restore the
+dollar to a fully competitive position, as measured by its
+weighted external value," he said.
+   In fact, a further marked decline in the dollar rate would
+hold two major dangers, Gleske said.
+    First, in countries with large balance of payments
+surpluses such as Japan and West Germany, it threatened to
+hamper economic growth and thus slow down the expansion of real
+income and domestic expenditure necessary to wipe out
+surpluses.
+    Second, in the United States, it could damage investors'
+confidence in the dollar and thus reduce their willingness to
+finance huge fiscal and external payments deficits, Gleske
+said.
+    Gleske also was strongly sceptical that an international
+system of binding target zones for currencies, fluctuating in
+narrow bands against each other, can be established. Such
+targets threatened to cause policy conflicts, "both within
+countries and between them."
+    For instance, the U.S. Reliance on foreign capital to fund
+its deficits requires interest rates there be set at high
+levels, but domestic considerations call for low ones.
+    If target zones were established, this would put "pressure
+on other countries to reduce their interest rates even more,
+even though this may be in conflict with their own domestic
+situation and priorities," he said.
+    Gleske added, "targeting the exchange rate even within a
+wide margin will meet with serious objections where there is a
+clearly perceived potential for conflict between domestic and
+external policy priorities."
+    Commenting on the Paris currency accord, Gleske said its
+chances of stabilising exchange rates rested heavily on current
+interest rate differentials being maintained.
+    These chances "seem to me to rest critically on the
+expectation that the current configuration of interest rates,
+and the monetary policies behind them, will assure smooth
+financing of current account imbalances in the months ahead."
+    Gleske said past experience of currency adjustments had
+learned "that markets are inclined to be impatient and will thus
+tend to overshoot." He said this "would seem to be unnecessary
+and should be avoided if at all possible."
+    Monetary policies can help achieve this, but only if
+markets believe that pledged changes in fiscal policies will
+lead to balanced international payments, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11022" NEWID="6109">
+<DATE>17-MAR-1987 13:05:27.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f5869&#31;reute
+u f BC-SUBCOMMITEE-APPROVES   03-17 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUBCOMMITEE APPROVES INTERNATIONAL DEBT BILL</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>A House Banking subcommittee
+approved legislation which would require the Treasury Secretary
+to begin negotiations on the establishment of an international
+debt adjustment facility.
+    The facility would buy up some of the debt of less
+developed countries and sell it to banks at a discount.
+    The facility was proposed by Rep. John LaFalce, D-N.Y., who
+said it would help ease the third world debt crisis. It was
+approved by the House International Finance subcommittee and
+sent to the full House Banking Committee, which will consider
+the measure next week.
+    The legislation is part of the omnibus trade bill being
+considered by several committees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11023" NEWID="6110">
+<DATE>17-MAR-1987 13:06:09.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5876&#31;reute
+r f BC-BAYER-CONFIRMS-IT-REC   03-17 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYER CONFIRMS IT RECEIVED AIDS DAMAGE CLAIMS</TITLE>
+<DATELINE>    LEVERKUSEN, West Germany, March 17 - </DATELINE><BODY>West German chemical
+group Bayer AG &lt;BAYG.F> said it had received claims for damages
+from haemophilics who allege they were infected with AIDS
+through a blood plasma produced by a Bayer subsidiary.
+    Bayer's shares fell 13 marks to close at 292 in Frankfurt
+today. Dealers said a newspaper report about possible huge
+claims for damages triggered off the share selling in Bayer,
+other pharmaceuticals and insurance companies.
+    Bayer said in a statement it was insured against claims and
+had received two. Bayer did not rule out that some infections
+may have been passed on through the plasma in the past.
+    But the company added that the method of production had
+been changed and according to current knowledge there was now
+no danger of contracting AIDS through the blood plasma. The
+plasma is used by haemophilics to aid the clotting of blood.
+    The Hamburg-based news magazine "Der Spiegel" reported in its
+latest edition that the West German pharmaceutical industry
+could face billions of marks worth of claims for damages from
+infected haemophilics and their relatives.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11024" NEWID="6111">
+<DATE>17-MAR-1987 13:06:32.14</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f5878&#31;reute
+r f BC-PLAINS-&lt;PLNS>-POSTS-R   03-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLAINS &lt;PLNS> POSTS RESERVES INCREASES</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 17 - </DATELINE><BODY>Plains Resources Inc said that as
+of December 31, its estimated proved oil and gas reserves rose
+by 27 pct to 5.43 mln barrels from 4.27 mln barrels and proved
+developed reserves rose 16 pct to four mln barrels from 3.45
+mln barrels a year ago.
+    The company said its year end reserves did not include the
+oil and gas reserves of Houston Oil Fields Co which recently
+agreed to merge with it, pending shareholder approval in
+mid-April. If approved, the merger will add another 3.2 mln
+barrels to the company's reserve base.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11025" NEWID="6112">
+<DATE>17-MAR-1987 13:07:30.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5883&#31;reute
+r f BC-PLAYBOY-&lt;PLA>-HAS-NO   03-17 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLAYBOY &lt;PLA> HAS NO RESTRUCTURING PLANS</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Playboy Enterprises Inc said it has no
+plans to restructure or to take the company private.
+    Moreover, Chairman Hugh Hefner, who owns 71 pct of the more
+than 9.4 mln shares outstanding, has no interest in selling his
+stock, spokeswoman Robyn Radomski said. 
+    Articles in two weekly business publications have said
+Playboy is a takeover candidate because of what financial
+analysts see as its undervalued asset base.
+    Radomski said there were no corporate developments to
+account for the recent unusual trading in Playboy's shares but
+that there seemed to be a correlation with the two articles.
+    Playboy shares are currently trading at 13-5/8 on turnover
+of about 40,100 shares. For the past 52-weeks, the stock has
+traded in a range of 5-7/8 to 13-1/4 on light volume.
+    The reports, based on an asset evaluation by analyst Mark
+Boyar, place Playboy's worth at about 280 mln dlrs, or 30 dlrs
+a share. Boyar estimated Playboy's publishing to be worth about
+130 mln dlrs, its product licensing, 50 mln dlrs, its real
+estate, including a mansion in Beverly Hills at 30 mln dlrs and
+its excess working capital after debt repayment of 70 mln dlrs,
+according to Business Week.
+    According to Boyar, the licensing division, Playboy mansion
+and artwork alone make the firm worth about 20 dlrs a share,
+the Forbes Magazine article said.
+    According to Advertising Age, the Playboy logo is the most
+recognized symbol after Coca Cola, another analyst noted.
+    Radomski, noting that the articles were written without
+contact with Playboy, said that "from time to time people do
+speculate about the company."
+    She said she had spoken with majority shareholder Hefner in
+the "last day or so" for a reaction to the articles.
+    American Securities analyst David Leibowitz believes
+"anyone who bought in thinking takeover or lbo (leveraged
+buyout) is likely to be disappointed because the chances are
+nil." Management has repeatedly stated it will not take the
+company private, he said.
+    But "shareholders who held the stock prior to all the
+publicity have gotten a heck of a ride for their money," he
+said.
+    Leibowitz said he also believes that the true asset value
+of the company is likely to exceed the current price of the
+stock. "But a leveraged buyout is not in the cards. I take
+management at their word," he said.
+    While Playboy's cable television operation is considered a
+drain on the company by some analysts, Liebowitz sees
+potential. "They do have a management plan for the cable
+operation and the company as a whole," he said. "Were this plan
+to, in fact, translate into reality, the opportunity for
+earnings is significant," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11026" NEWID="6113">
+<DATE>17-MAR-1987 13:07:39.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5884&#31;reute
+r f BC-OSHMAN'S-&lt;OSHM>-CITES   03-17 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OSHMAN'S &lt;OSHM> CITES WEAK REGIONAL ECONOMIES</TITLE>
+<DATELINE>    HOUSTON, March 17 - </DATELINE><BODY>Oshman's Sporting Goods Inc said
+earnings for the fourth quarter ended January 31 were affected
+by the weak economies of Texas, Oklahoma and Louisiana,
+resulting in a drop in net earnings to 5,415,000 dlrs or 92 cts
+a share from 7,730,000 dlrs or 1.28 dlrs a share for the
+year-ago quarter.
+    The company also said sales on the West Coast were hurt by
+late snows and poor skiing conditions.
+    Same-store sales declined 3.2 pct for the quarter and 2.2
+pct for the year.
+    For the full year, Oshman's net earnings fell to 2,664,000
+dlrs or 45 cts a share, from 8,536,000 dlrs or 1.40 dlrs a
+share.
+    In 1986, the company said it opened nine stores and closed
+three.
+    At year-end, the company said it was operating 188 Oshman's
+stores and 27 Abercrombie and Fitch stores.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11027" NEWID="6114">
+<DATE>17-MAR-1987 13:14:14.38</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f5915&#31;reute
+u f BC-china-crop-weather   03-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA CROP WEATHER SUMMARY -- USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Light, scattered showers covered
+winter wheat areas in the North China Plain in the week ended
+March 14, moistening topsoils for wheat, just breaking dormancy
+in most central and northern areas, the Joint Agricultural
+Weather Facility of the U.S. Agriculture and Commerce
+Departments said.
+    In its International Weather and Crop summary, the agency
+said southern winter wheat areas are in the early vegetative
+stage. Above-normal February temperatures over the North China
+Plain caused winter grains to break dormancy early in the
+south.
+     Moderate to heavy rains in southern Jiangsu, Anhui,
+eastern Hebei, Hunan , Jiangxi, Fujian, and Zheziang, reversed
+February's below normal precipitation pattern.
+    The agency said the wet weather in these areas provided
+ample moisture for rice planting and lessened the need for
+irrigation. 
+    Mostly dry weather in early-rice areas of Guanxi and
+Guandong resulted in irrigation for continued rice planting, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11028" NEWID="6115">
+<DATE>17-MAR-1987 13:15:12.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5919&#31;reute
+u f BC-WORTHINGTON-INDUSTRIE   03-17 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORTHINGTON INDUSTRIES INC &lt;WTHG> 3RD QTR NET</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 17 - </DATELINE><BODY>Qtr ended Feb 28
+    Shr 24 cts vs 24 cts
+    Net 10.0 mln vs 10.1 mln
+    Revs 202.8 mln vs 184.6 mln
+    Nine mths
+    Shr 66 cts vs 67 cts
+    Net 27.3 mln vs 27.6 mln
+    Revs 588.2 mln vs 539.2 mln
+    Note: 1986 shr data adjusted for 3-for-2 stock split paid
+October 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11029" NEWID="6116">
+<DATE>17-MAR-1987 13:15:22.36</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f5920&#31;reute
+u f BC-Argentina-crop   03-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL CROP WEATHER SUMMARY -- USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Wet weather covered Rio Grande do
+Sul, Brazil in the week ended March 14, benefitting soybeans
+which are mostly setting to filling pods, the Joint
+Agricultural weather Facility of the U.S. Agriculture and
+Commerce Departments said.
+    In its International Weather and Crop Summary, the agency
+said minimal precipitation covered soybean areas in Santa
+Catarina, Parana, and southern Matto Grosso do Sul.
+    Adequate soil moisture in these areas met crop moisture
+demands, reducing the potential for crop stress, it said.
+    The agency said February precipitation was above normal
+over most soybean areas of Brazil.
+    Weekly temperatures were below normal, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11030" NEWID="6117">
+<DATE>17-MAR-1987 13:15:45.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5922&#31;reute
+r f BC-WORKERS-STRIKE-AT-SOU   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORKERS STRIKE AT SOUTHWEST FOREST &lt;SWF> MILL</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 17 - </DATELINE><BODY>Southwest Forest Industries Inc
+said 344 members of the United Paperworkers International Union
+went out on strike at the company's Snowflake, Ariz., paper
+mill, temporarily halting operations at the newsprint and
+linerboard facility.
+    The mill, which employs 525 people, has an annual capacity
+of 282,000 tons of newsprint and 159,000 tons of linerboard,
+the company said.
+    Southwest Forest also said it is continuing to negotiate
+with the Internatinal Brotherhood of Electrical Workers, whose
+65 members are honoring the paperworkers' picket lines.
+    The company said it intends to resume mill operations as
+quickly as possible using salaried employees, union workers who
+elect to work, contractors and newly hired replacements for the
+striking workers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11031" NEWID="6118">
+<DATE>17-MAR-1987 13:15:51.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f5923&#31;reute
+u f BC-brazil-crop-weather   03-17 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA CROP WEATHER SUMMARY -- USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Precipitation diminished over
+Argentina's summer crop areas in the week ended March 14, the
+U.S. Agriculture and Commerce Departments Joint Weather
+Facility said.
+    In its International Weather and Crop Summary, the agency
+said crop areas in Cordoba, Santa Fe, and Buenos Aires received
+only light scattered showers -- three to 13 millimeters.
+     The beneficial drier weather allowed drying of fields for
+summer crop harvesting, following February's heavy rainfall, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11032" NEWID="6119">
+<DATE>17-MAR-1987 13:16:13.88</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F C
+&#22;&#22;&#1;f5924&#31;reute
+u f BC-U.S.-WARNS-OF-DEPENDE   03-17 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WARNS OF DEPENDENCE ON FOREIGN OIL</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>A White House-ordered report said 
+that growing U.S. reliance on foreign oil into the year 2000
+could have potentially damaging implications for national
+security.
+    The Energy Department study discusses several options to
+curb reliance on foreign oil, but makes no recommendations.
+    President Reagan and most Congressmen have previously ruled
+out a tax on foreign oil as a way to curb imports and to help
+the depressed domestic oil industry.
+    Energy Secretary John Herrington said in a statement that
+"although we have made gains in energy security in the last six
+years, this report shows that there is justification for
+national concern both over declining competitiveness of our
+domestic oil and gas industry and over rising oil imports."
+    The report said imports last year were 33 pct of U.S.
+consumption and by the mid-1990s could rise to 50 pct.
+    Among the report's options to ease U.S. reliance on foreign
+oil are several already advocated by the Reagan Administration.
+    President Reagan ordered the study last September, citing a
+determination that the country never again become captive to a
+foreign oil cartel, referring to the OPEC-led oil shortages and
+sharp prices increases of the 1970s.
+    The report said an import fee would raise prices and help
+make it economical for U.S. oil firms to find and produce new
+oil, as well as to cut imports, but on the whole the tax would
+depress the nation's economy.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11033" NEWID="6120">
+<DATE>17-MAR-1987 13:17:01.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5928&#31;reute
+r f BC-VTX-ELECRONICS-&lt;VTX>   03-17 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VTX ELECRONICS &lt;VTX> SETS SDTOCK SPLIT</TITLE>
+<DATELINE>    FARMINGDALE, N.Y., March 17 - </DATELINE><BODY>VTX Electronics Corp said its
+board declared a five-for-four stock split, payable April Nine
+to holders of record March 27.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11034" NEWID="6121">
+<DATE>17-MAR-1987 13:17:34.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f5931&#31;reute
+r f BC-COASTAL-(CGP)-SEES-IN   03-17 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL (CGP) SEES INCREASE IN 1987 PROFITS</TITLE>
+<DATELINE>    HOUSTON, March 17 - </DATELINE><BODY>Coastal Corp said it expected earnings
+for 1987 "to be significantly above" profits of 71.6 mln dlrs
+last year.
+    In a letter to shareholders appearing in the company's
+newly-issued 1986 annual report, Coastal chairman Oscar Wyatt
+did not elaborate on how much earnings were expected to
+increase.
+    The 1986 profits of Coastal, a natural gas production and
+pipeline company, were halved from 1985 levels due to slumping
+energy prices. The company's sales totaled 6.7 billion dlrs
+last year.
+    Coastal also said it sold its natural gas for an average
+price of 2.17 dlrs per mcf in 1986, a drop of 18 pct from the
+previous year. Oil and natural gas liquids sold for an average
+14.20 dlrs a barrel in 1986, a reduction of 37 pct.
+    The Houston-based company, which produced a daily average
+of 120 mln cubic feet of gas and 11,149 barrels of oil, said it
+had proved reserves at yearend 1986 of 28.6 mln barrels of oil
+and 954 billion cubic feet of natural gas. Average reserve
+replacement costs were 8.28 dlrs per barrel of oil equivalent
+during the past three-year period, representing a little more
+than half of the industry average, the company said.
+    Coastal's more than 800 gasoline retail outlets were
+operated profitably during 1986 "and are expected to continue
+to do so," the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11035" NEWID="6122">
+<DATE>17-MAR-1987 13:18:50.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5935&#31;reute
+r f BC-FEDERAL-PAPER-BOARD-&lt;   03-17 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL PAPER BOARD &lt;FBO> TO SELL PREFERRED</TITLE>
+<DATELINE>    MONTVALE, N.J., March 17 - </DATELINE><BODY>Federal Paper Board Co said its
+board has approved the issuance of 140 mln dlrs of convertible
+preferred stock, with proceeds to be used to redeem on June 15
+its 125 mln dlrs in 13 pct subordinated debentures.
+    The company also said it has completed the redemption of
+2.3125 dlr convertible exchangeable preferred stock, most of
+which was converted into common instead of being redeemed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11036" NEWID="6123">
+<DATE>17-MAR-1987 13:22:13.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f5943&#31;reute
+u f BC-(REPAP-ENTERPRISES-CO   03-17 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(REPAP ENTERPRISES CORP INC) 4TH QTR NET</TITLE>
+<DATELINE>    MONTREAL, March 17 -
+    </DATELINE><BODY>Shr profit 26 cts vs loss nine cts
+    Net profit 10.3 mln vs loss 1.0 mln
+    Revs 208.2 mln vs 123.3 mln
+    Year
+    Shr profit 38 cts vs profit nine cts
+    Net profit 13.0 mln vs profit 2.8 mln
+    Revs 635.5 mln vs 429.3 mln
+    Note: 1986 full year results include extraordinary loss of
+one mln dlrs or three cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11037" NEWID="6124">
+<DATE>17-MAR-1987 13:22:59.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5947&#31;reute
+r f BC-NORSTAR-&lt;NOR>-SETS-AC   03-17 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORSTAR &lt;NOR> SETS ACQUISITION FOR STOCK</TITLE>
+<DATELINE>    ALBANY, N.Y., March 17 - </DATELINE><BODY>Norstar Bancorp said it has agreed
+in principle to acquire United National Bank of Callicoon,
+N.Y., by exchanging three Norstar common shares for each of the
+201,660 United shares outstanding.
+    Based on the recent price of Norstar's stock, it said, the
+proposed tax-free exchange would have a market value of about
+20 mln dlrs.
+    Norstar said the acquisition is subject to approval by
+United's holders and state and federal regulators. United has
+assets of 90 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11038" NEWID="6125">
+<DATE>17-MAR-1987 13:25:14.14</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f5950&#31;reute
+u f BC-pdvsa-champlin-deal-s   03-17 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S OIL TAX WOULD NOT AFFECT PDVSA-CHAMPLIN DEAL</TITLE>
+<DATELINE>    Caracas, march 17 - </DATELINE><BODY>an eventual oil import fee in the
+united states will make no difference to champlin petroleum
+corp's joint venture agreement signed today with petroleos de
+venezuela (pdvsa), champlin chairman william adams said.
+    "this was an aspect which was discussed at length during the
+negotiations, but we can say our contract covers all
+eventualities in this regard," he told reuters during the
+signing ceremony here.
+    Venezuela's energy and mines minister arturo hernandez
+grisanti earlier described the agreement, under which pdvsa
+buys 50 pct of champlin's corpus christi refinery, as "one more
+step in the maturation and presence of our oil industry in
+world markets."
+   union pacific chairman william cook said the agreement will
+be beneficial to both sides, combining a secure source of
+supply with a modern refinery and access to markets.
+    "we are looking to a long-term relationship, and at a time
+of protectionist tendencies in the U.S. Congress there are
+clear benefits to both sides," he said.
+    Adams said pdvsa crude would remain competitive even with
+an oil import fee because champlin had invested heavily over
+the years in adapingthe texas refinery to process venezuelan
+heavy crudes with coking and hydro-treating facilities and
+obtain a competitive product yield.
+    "therefore while the danger of an oil import fee has been a
+consideration in the negotiations, and it remains to be seen
+what such a fee would represent, we do not foresee any impact
+on today's agreement," adams said.
+    He said the refinery could run crude as heavy as
+venezuela's bolivar coastal field (bcf) 17 api without any
+difficultiesand would probably move over time to a heavier diet
+to take advantage of bigger margins.
+    The refinery has a capacity to process up to 110,000 bpd of
+venezuelan high sulphur content heavy crude, with an 80-85 pct
+yield of white products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11039" NEWID="6126">
+<DATE>17-MAR-1987 13:25:48.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f5953&#31;reute
+r f BC-WORKERS-STRIKE-AT-SOU   03-17 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORKERS STRIKE AT SOUTHWEST FOREST MILL</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 17 - </DATELINE><BODY>Southwest Forest Industries Inc
+said 344 members of the United Paperworkers International Union
+went on strike at the Snowflake, Ariz., paper mill, halting
+operations at the newsprint and linerboard facility.
+    The mill, which employs 525 people, has an annual capacity
+of 282,000 tons of newsprint and 159,000 tons of linerboard,
+the company said.
+    Southwest Forest said it is negotiating with the
+International Brotherhood of Electrical Workers, whose 65
+members are honoring the paperworkers' picket lines.
+    The company said it intends to resume mill operations as
+quickly as possible using salaried employees, union workers who
+elect to work, contractors and newly hired replacements for the
+striking workers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11040" NEWID="6127">
+<DATE>17-MAR-1987 13:26:02.23</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f5954&#31;reute
+b f BC-/LYNG-TO-MEET-WITH-EX   03-17 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG TO MEET WITH EXPORTERS, EEP LIKELY TOPIC</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Secretary of Agriculture Richard
+Lyng will meet with representatives from major grain exporting
+companies today, and the subject of subsidized wheat to the
+Soviet Union will likely be discussed, an aide to Lyng said.
+    Today's meeting, set to begin at 1500 EST (2000 gmt), was
+scheduled at the request of the exporters, the aide said.
+    "The EEP (export enhancement program) is pretty obviously
+one of the things they (the exporters) want to talk about, but
+they haven't any agenda as far as I know," Lyng's aide said.
+    Private industry export officials have met periodically
+with Lyng to discuss farm policies and the export situation.
+Whether this meeting will prompt any U.S. action on the issue
+of whether Moscow will be offered export bonus wheat is
+uncertain, the aide said.
+    "I don't know what they'll tell us that we don't already
+knwo, but we'll hear what they have to say," Lyng's aide said.
+    The USDA official said that as far as he knows there has
+been no further action on offering the Soviet Union wheat under
+the EEP.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11041" NEWID="6128">
+<DATE>17-MAR-1987 13:27:21.92</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f5961&#31;reute
+u f BC-ICCO-GROUP-LOOKS-AT-C   03-17 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICCO GROUP LOOKS AT COCOA BUFFER STOCK RULE PLAN</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The International Cocoa Organization,
+ICCO, buffer stock working group began examining a draft
+proposal for buffer stock rules this afternoon, delegates said.
+    The plan, presented by ICCO Executive Director Kobena
+Erbynn, represented a compromise between producer, European
+Community, EC, and other consumer views on how the buffer stock
+should operate, they said.
+    The proposal involved three key principles. First, the
+buffer stock manager would be open to offers for cocoa rather
+than using fixed posted prices as previously, delegates said.
+    Under an offer system, the buffer stock manager would be
+free to choose cocoas of varying prices, they said.
+    The second provision was that non-ICCO member cocoa could
+comprise a maximum 10 pct of the buffer stock, while the third
+laid out a pricing system under which the buffer stock manager
+would pay differentials for different grades of cocoa, to be
+set by a formula, the delegates said.
+    After the plan was presented, working group delegates met
+briefly in smaller groups of producers, EC consumers and all
+consumers to look at the proposal. Producers gave no reaction
+to the scheme and will respond to it when the working group
+meets tomorrow at 1000 GMT, producer delegates said.
+    Consumer members accepted the proposal as a good base to
+work from, one consumer delegate said.
+    Delegates said the proposal was only a starting point for
+negotiations on buffer stock rules and subject to change.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11042" NEWID="6129">
+<DATE>17-MAR-1987 13:27:27.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5962&#31;reute
+d f BC-VTX-ELECTRONICS-CORP   03-17 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VTX ELECTRONICS CORP &lt;VTX> 4TH QTR NET</TITLE>
+<DATELINE>    FARMINGDALE, N.Y., March 17 -
+    </DATELINE><BODY>Shr 10 cts vs 11 cts
+    Net 255,000 vs 242,000
+    Sales 7,166,000 vs 6,486,000
+    Avg shrs 2,438,000 vs 2,118,000
+    Year
+    Shr 50 cts vs 40 cts
+    Net 990,000 vs 849,000
+    Sales 29.0 mln vs 22.8 mln
+    Avg shrs 1,972,000 vs 2,118,000
+    NOTE: Share adjusted for five-for-four stock split declared
+today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11043" NEWID="6130">
+<DATE>17-MAR-1987 13:27:31.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5963&#31;reute
+d f BC-MORTGAGE-GROWTH-INVES   03-17 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORTGAGE GROWTH INVESTORS &lt;MTG> 1ST QTR FEB 28</TITLE>
+<DATELINE>    BOSTON, March 17 -
+    </DATELINE><BODY>Shr 36 cts vs 37 cts
+    Net 2,751,000 vs 2,179,000
+    Qtly div 40 cts vs 40 cts prior
+    Avg shrs 7,699,241 vs 5,943,341
+    NOTE: Dividend payable April 10 to shareholders of record
+March 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11044" NEWID="6131">
+<DATE>17-MAR-1987 13:27:49.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5964&#31;reute
+d f BC-E-SYSTEMS-&lt;ESY>-GETS   03-17 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E-SYSTEMS &lt;ESY> GETS NAVY CONTRACT</TITLE>
+<DATELINE>    DALLA, March 17 - </DATELINE><BODY>E-Systems Inc said it has received a
+three-year U.S. Navy contract worth 9,208,223 dlrs for the
+continued production of AN/UGC-136 military teleprinters for
+use in submarines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11045" NEWID="6132">
+<DATE>17-MAR-1987 13:29:51.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5967&#31;reute
+r f BC-HILTON-HOTELS-&lt;HLT>-T   03-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HILTON HOTELS &lt;HLT> TO BUILD ALL SUITE HOTELS</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Hilton Hotels Corp chairman Barron
+Hilton said the company will build 10 all-suite hotels in
+suburban markets in the next 18 to 30 months.
+    Hilton said the hotels will feature between 150 and 200
+rooms. Construction costs will range between 65,000 dlrs and
+85,000 dlrs per suite versus 100,000 dlrs to 200,000 dlrs a
+room for its traditional downtown locations.
+    Hilton said it will break ground on six hotels this year in
+the Chicago, New England and Southern California areas. It said
+the new hotels will be targeted to business travelers and rooms
+will cost between 65 dlrs and 85 dlrs a night.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11046" NEWID="6133">
+<DATE>17-MAR-1987 13:30:56.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f5974&#31;reute
+r f BC-FARMERS-RENEW-PROTEST   03-17 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARMERS RENEW PROTESTS IN SPAIN</TITLE>
+<DATELINE>    MADRID, March 17 - </DATELINE><BODY>Hundreds of farmers brought Madrid's
+traffic to a standstill with their tractors in the latest
+protest to demand a better deal from the European Community
+(EC) and more government subsidies to face up to EC
+competition.
+    Farmers said they had planned to bring their cows with them
+but police had prevented their entry into the capital.
+    In the south, striking shipyard workers clashed with police
+in the port of Cadiz in what has become a regular weekly
+protest against job layoffs at the state-owned Astilleros
+Espanoles. The workers locked themselves in the factory and
+traded stones for tear gas, police said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11047" NEWID="6134">
+<DATE>17-MAR-1987 13:31:01.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5975&#31;reute
+r f BC-SHONEY'S-INC-&lt;SHON>-1   03-17 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHONEY'S INC &lt;SHON> 1ST QTR FEB 15 NET</TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 17 -
+    </DATELINE><BODY>Shr 31 cts vs 27 cts
+    Net 11.4 mln vs 9,905,528
+    Revs 194.3 mln vs 171.7 mln
+    Avg shrs 36.6 mln vs 36.4 mln
+    NOTE: Sixteen-week periods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11048" NEWID="6135">
+<DATE>17-MAR-1987 13:32:00.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5978&#31;reute
+d f BC-FORTUNE-SAVINGS-TO-BU   03-17 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORTUNE SAVINGS TO BUY FINANCIAL &lt;FSSL> BRANCH</TITLE>
+<DATELINE>    SUNRISE, Fla., March 17 - </DATELINE><BODY>&lt;Fortune Savings Bank> said it
+agreed to buy the deposits and assume the leasehold of a
+Financial Security Savings and Loan Association &lt;FSSL> branch
+here.
+    Terms of the agreement were not disclosed.
+    Fortune said the agreement is subject to regulatory
+approval. It also said that if the transaction is approved,
+Financial would generate a profit on the sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11049" NEWID="6136">
+<DATE>17-MAR-1987 13:33:51.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5991&#31;reute
+d f BC-ENDATA-&lt;DATA>-TERMINA   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENDATA &lt;DATA> TERMINATES WORK ON CONTRACT</TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 17 - </DATELINE><BODY>Endata Inc said it terminated
+development work on a previously announced contract with
+&lt;Educational Testing Services>.
+    Endata said that under terms of the contract Educational
+Testing asked it to terminate development of an advanced image
+processing system integration project and to return all
+projected-related equipment. Endata said termination of the
+project will not materially affect its operating results.
+    Separately, Endata said it bought the assets and business
+of three service centers from &lt;Midcom Inc> for an undisclosed
+amount.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11050" NEWID="6137">
+<DATE>17-MAR-1987 13:34:00.22</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uae</D><D>bahrain</D><D>kuwait</D><D>saudi-arabia</D><D>oman</D><D>qatar</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gcc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f5992&#31;reute
+u f BC-GULF-ARAB-MINISTERS-D   03-17 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF ARAB MINISTERS DISCUSS ECONOMIC COOPERATION</TITLE>
+<DATELINE>    ABU DHABI, March 17 - </DATELINE><BODY>Finance and economy ministers of the
+Gulf Cooperation Council (GCC) opened a two- day meeting to
+discuss further economic integration, officials said.
+    They said issues to be discussed by the ministers from
+Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab
+Emirates (UAE) would include a recommendation by central bank
+governors on a common currency exchange rate.
+    The governors agreed in January on a denominator on which
+to base currencies of the six states. Any decision will be
+forwarded for final approval to a GCC summit meeting due in
+Saudi Arabia late this year.
+    The six states have different currency systems. Saudi
+Arabia, Bahrain, Qatar and the UAE are linked in theory to the
+International Monetary Fund's basket of currencies -- the
+special drawing right (SDR) -- but in practice to the dollar.
+    Oman links its currency formally to the dollar, while
+Kuwait pegs its dinar to a trade-weighted basket devised by
+itself.
+    The denominator chosen by central bank governors has not
+been disclosed, but some bankers expect the currencies to be
+linked to the SDR or a trade-weighted basket.
+    Opening the meeting, Ahmed al-Tayer, the UAE's Minister of
+State for Finance and Industry, said implementation of joint
+economic agreements "is increasingly linking the interests of
+GCC citizens together."
+    The general assembly of the Gulf Investment Corporation met
+in Abu Dhabi earlier under the chairmanship of Bahrain's
+Finance and National Economy Minister, Ibrahim Abdul-Karim
+    The corporation was formed to contribute to joint economic
+and investment projects in the GCC.
+    Officials said the corporation's assets rose to 1.31
+billion dollars last year from 1.04 billion at the end of 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11051" NEWID="6138">
+<DATE>17-MAR-1987 13:34:27.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f5994&#31;reute
+d f BC-PHOTOGRAPHIC-SCIENCIE   03-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOTOGRAPHIC SCIENCIES CORP &lt;PSCX> 4TH QTR LOSS</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 17 -
+    </DATELINE><BODY>Oper shr loss six cts vs profit four cts
+    Oper net loss 165,000 vs profit 83,000
+    Sales 2,413,000 vs 921,000
+    Avg shrs 2,908,770 vs 2,203,462
+    Year
+    Ope shr profit five cts vs profit five cts
+    Oper net profit 124,000 vs profit 106,000
+    Sales 5,652,000 vs 1,623,000
+    Avg shrs 2,369,949 vs 2,061,102
+    NOTE: Net excludes losses from discontinued operations of
+548,000 dlrs vs 14,000 dlrs in quarter and 696,000 dlrs vs
+21,000 dlrs in year.
+    1985 year net excludes 35,000 dlr tax credit.
+    1985 year includes only six months of operations due to
+change in fiscal year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11052" NEWID="6139">
+<DATE>17-MAR-1987 13:37:03.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6006&#31;reute
+u f BC-AMEX-OPTIONS-SEAT-SOL   03-17 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX OPTIONS SEAT SOLD FOR RECORD AMOUNT</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>American Stock Exchange said a seat
+was sold yesterday for 315,000 dlrs, a record amount and up
+10,000 dlrs from the last sale on March Three, which had been
+the record.
+    The market is now 275,000 dlrs bid and 340,000 dlrs
+offered, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11053" NEWID="6140">
+<DATE>17-MAR-1987 13:37:50.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f6010&#31;reute
+d f BC-CMS-ADVERTISING-NEGOT   03-17 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CMS ADVERTISING NEGOTIATES CANADIAN VENTURE</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 17 - </DATELINE><BODY>&lt;CMS Adversiting Inc> said it is
+in preliminary discussions with a Canadian group with
+"extensive franchise experience" for a joint venture to start
+up a majority-owned CMS Canadian subsidiary called CMA
+Advertising International of Canada.
+    CMS also said the group intends to seek an undertaker to
+investigate a possible stock offering ot the subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11054" NEWID="6141">
+<DATE>17-MAR-1987 13:37:56.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6011&#31;reute
+d f BC-MEDICAL-RESEARCH-FUND   03-17 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDICAL RESEARCH FUND SAYS ASSETS ROSE</TITLE>
+<DATELINE>    PALM BEACH, Fla., March 17 - </DATELINE><BODY>Medical Research Investment
+Fund Inc said net assets as of February 28 were 2,359,722 dlrs,
+up 189.5 pct from a year earlier.
+    It said net asset value per share rose to 14.64 dlrs from
+12.14 dlrs, based on 161,187 shares outstanding compared with
+67,136 shares.                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11055" NEWID="6142">
+<DATE>17-MAR-1987 13:38:58.45</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6013&#31;reute
+r f BC-s-africa-crop-weather   03-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA CROP WEATHER SUMMARY -- USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Dry weather pushed further into
+South Africa's Orange Free State's Maize Triangle in the week
+ended March 14, the Joint Agricultural Weather Facility of the
+U.S. Agriculture and Commerce Departments said.
+    In a summary of its Weather and Crop Bulletin, the agency
+said scattered showers continued throughout Transvaal, but dry
+pockets persisted in the northeast and south.
+    Temperatures average one to four degrees C above normal
+throughout all grain areas, stressing grain-filling corn in
+areas receiving lightest rainfall, it said.
+    The agency said rainfall during February was near to above
+normal in most areas, but earlier periods of hot, dry weather
+reduced yield prospects in parts of the northern Transvaal and
+southern Orange Free State.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11056" NEWID="6143">
+<DATE>17-MAR-1987 13:39:22.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f6015&#31;reute
+u f BC-U.K.-BUDGET-SEEN-BOOS   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BUDGET SEEN BOOSTING GOVERNMENT BOND MARKET</TITLE>
+<AUTHOR>    By Norma Cohen, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Chancellor of the Exchequer Nigel
+Lawson's budget contained virtually everything the government
+bond (gilts) market had hoped for and is likely to help prices
+race ahead in coming months, analysts and traders said.
+    Indeed, in the first half hour after Lawson completed his
+speech, gilt prices soared about 1-1/2 points, an extremely
+sharp gain in such a short period of time. Overall, they rose
+about two points on the day.
+    "This budget was incredibly bullish for the gilts market,"
+Morgan Grenfell and Co Ltd economist Stephen Bell said.
+    Analysts said that in the light of the reaction to the
+budget in the gilts and U.K. Money markets, U.K. Commercial
+bank base rates are likely to be cut by as much as a full point
+tomorrow.
+    Analysts said the market's euphoria was simply a reflection
+of supply and demand. The crucial piece of news in the budget
+was that the Public Sector Borrowing Requirement would be held
+to 4.0 billion stg.
+    By comparison, a year ago, the PSBR was set at 7.0 billion
+stg.
+    The lower PSBR means the Bank of England will have to offer
+far less new stock to the market to meet its funding needs and
+the scarcity factor is sure to drive prices up further,
+analysts said.
+    "The PSBR at four billion is lower than anyone realistically
+expected," Bell said. Most market expectations called for the
+Chancellor to announce a PSBR of about 5.5 billion stg.
+    S.G. Warburg Securities Co Ltd economist John Shepherd said
+that overall, the Bank will have to sell about two billion less
+in new securities next fiscal year -- a cut of about 15 pct in
+total new issue volume.
+    Chase Manhattan Securities Ltd international economist Andy
+Wrobleski noted the Bank has already raised about 1.8 billion
+stg of next year's funding needs this year via a series of tap
+issues.
+    The issues have been in a partly-paid form where the full
+price does not have to be paid until the start of the new
+fiscal year and therefore they are not counted in the current
+year's fund raising.
+    But the Bank of England will also be constrained from
+issuing gilts in the conventional form by its promise to try
+out a U.S.-style auction system in which firms bid for new
+stock.
+    The Bank will also have to offer at least one index-linked
+issue where the rate paid to investors is tied to the Retail
+Price Index, leaving about one to two billion stg, in total, to
+be raised in the form of traditional stock.
+    Analysts noted that the budget contains provision for a two
+pence in the pound cut in the basic rate of income tax, in line
+with most market expectations, although some operators had
+expected a cut of up to four pence in the pound.
+    The gilts market approved of the more modest tax cut,
+Shepherd said, because "If it was more than two pct, they would
+have become concerned about the economy heating up again."
+    Also, a cut of two pence in the pound suggests that if the
+ruling Conservative party is re-elected, another two pence cut
+can be offered at budget time next year.
+    Analysts said the gilts market may also be building steam
+on the political implications of the budget which suggests an
+early election.
+    "All the goodies in this budget will be in place by the
+middle of May," Morgan Grenfell's Bell said. "This makes a June
+election very likely."
+    Bell said some politically popular provisions omitted from
+the budget, such as lifting the ceiling on the amount of
+mortgage eligible for tax benefit and some provisions on
+pensions, could not have been implemented until autumn anyway.
+    At that rate, they would have been of little use for a
+political party expecting to call an election in June.
+    Also, analysts noted, the budget does not go overboard with
+measures that are seen as generous to the wealthy.
+    "This will be a difficult budget for the (opposition) Labour
+party to attack," Shepherd said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11057" NEWID="6144">
+<DATE>17-MAR-1987 13:39:31.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f6016&#31;reute
+r f BC-cominco   03-17 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO &lt;CLT> IN TRAIL, KIMBERLEY NEGOTIATIONS</TITLE>
+<DATELINE>    TRAIL, British Columbia, March 17 - </DATELINE><BODY>Cominco Ltd said it was
+in the second round of two-week-old negotiations with about
+3,200 unionized workers at its Trail and Kimberley, British
+Columbia zinc-lead operations.
+    The existing two-year contracts expire April 30. The
+workers are represented by the United Steelworkers of America.
+    A Cominco spokesman, queried by Reuters, declined to
+comment on whether the company was confident of reaching a new
+agreement before April 30, but said the union had not yet taken
+a strike vote.
+    The contracts cover 2,600 production workers at Trail and
+Kimberley and 600 office and technical staff at the two
+operations.
+    Trail produced 240,000 long tons of zinc and 110,000 long
+tons of lead in 1986. The Sullivan mine at Kimberley produced
+2.2 mln long tons of ore last year, most for processing at the
+Trail smelter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11058" NEWID="6145">
+<DATE>17-MAR-1987 13:40:50.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6022&#31;reute
+u f BC-CONSOLIDATED-OIL-&lt;CGS   03-17 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED OIL &lt;CGS> TO ISSUE NEWS SHORTLY</TITLE>
+<DATELINE>    DENVER, March 17 - </DATELINE><BODY>Consolidated Oil and Gas Inc and
+Consolidated Energy Partners LP &lt;CPS>, whose stocks are halted
+on the American Stock Exchange, said they will issue news
+releases shortly.
+    A spokesman for the companies declined to comment on why
+the stocks had been halted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11059" NEWID="6146">
+<DATE>17-MAR-1987 13:41:11.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6024&#31;reute
+d f BC-PUEBLO-INTERNATIONAL   03-17 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUEBLO INTERNATIONAL INC &lt;PII> 4TH QTR JAN 31</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Shr 56 cts vs 46 cts
+    Net 2,005,000 vs 1,685,000
+    Sales 189.8 mln vs 156.0 mln
+    Avg shrs 3,603,000 vs 3,614,000
+    Year
+    Shr 1.88 dlrs vs 1.77 dlrs
+    Net 6,774,000 vs 6,587,000
+    Sales 692.1 mln vs 596.8 mln
+    Avg shrs 3,604,000 vs 3,713,000
+    NOTE: Net includes tax credits of 250,000 dlrs vs 162,000
+dlrs in quarter and 610,000 dlrs vs 1,288,000 dlrs in year.
+    Thirteen vs 12 and 53 vs 52-week periods.
+    Latest year net includes gain 418,000 dlrs for first nine
+months from change in pension accounting, for which results of
+first three periods restated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11060" NEWID="6147">
+<DATE>17-MAR-1987 13:42:32.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6030&#31;reute
+d f BC-HRE-PROPERTIES-&lt;HRE>   03-17 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HRE PROPERTIES &lt;HRE> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Shr 38 cts vs 47 cts
+    Net 2,253,664 vs 2,806,820
+    Gross income 5,173,318 vs 5,873,904
+    NOTE: Net includes gains on sale of real estate of 126,117
+dlrs vs 29,812 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11061" NEWID="6148">
+<DATE>17-MAR-1987 13:42:36.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6031&#31;reute
+h f BC-MASSCOMP-&lt;MSCP>,-VI-I   03-17 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MASSCOMP &lt;MSCP>, VI IN DEAL</TITLE>
+<DATELINE>    WESTFORD, Mass, March 17 - </DATELINE><BODY>Masscomp said it reached a joint
+marketing relationship to promote and sell V.I. Corp's line of
+DataView s Graphics Software Products.
+    MassComp said it will promote the products to key
+government and commercial accounts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11062" NEWID="6149">
+<DATE>17-MAR-1987 13:42:43.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6032&#31;reute
+w f BC-PHOTOGRAPHIC-SCIENCES   03-17 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOTOGRAPHIC SCIENCES CORP &lt;PSCX> 4TH QTR</TITLE>
+<DATELINE>    ROCHESTER, MARCH 17 -
+    </DATELINE><BODY>Shr loss 25 cts vs profit three cts
+    Net loss 713,000 vs profit 69,000
+    Revs 2.4 mln vs 921,000
+    Six months
+    Shr loss 24 cts vs profit six cts
+    Net loss 572,000 vs profit 120,000
+    Revs 5.7 mln vs 1.6 mln
+    NOTE:To effect change from fiscal to calendar year, company
+reported results for six months period ended December 31, 1985.
+1985 six months includes one time gain of 35,000 dlrs. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11063" NEWID="6150">
+<DATE>17-MAR-1987 13:42:53.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6033&#31;reute
+a f BC-CITIZENS-UTILITY-BOAR   03-17 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS UTILITY BOARD TO SUE EDISON &lt;CWE></TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>The Citizens Utility Board said it will
+file a class action suit Tuesday in Cook County Circuit Court
+against Commonwealth Edison Co, seeking refunds of 150 dlrs a
+customer for consumers who have been paying what it calls "the
+wrong monthly customer charge" for the past two years.
+    The suit comes in the wake of an Illinois Commerce
+Commission decision dismissing a class action complaint
+Citizens Utility Board filed with the commission in September
+on behalf of consumers who had been overcharged.
+    It said the overcharges stem from Edison's monthly customer
+charge, which is supposed to be 11.24 dlrs for those who live
+in single family homes or buildings with two units and 5.65
+dlrs for people living in buildings with three or more units.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11064" NEWID="6151">
+<DATE>17-MAR-1987 13:42:58.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6034&#31;reute
+s f BC-CENTRAL-BANK-FOR-SAVI   03-17 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANK FOR SAVINGS &lt;CBCT> SETS PAYOUT</TITLE>
+<DATELINE>    MERIDEN, Conn., March 17 -
+    </DATELINE><BODY>Qtly div 6-1/4 cts vs 6-1/4 cts prior
+    Pay April 30
+    Record April Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11065" NEWID="6152">
+<DATE>17-MAR-1987 13:43:02.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6035&#31;reute
+s f BC-FIRST-OF-MICHIGAN-CAP   03-17 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST OF MICHIGAN CAPITAL CORP &lt;FMG> DIVIDEND</TITLE>
+<DATELINE>    DETROIT, March 17 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts previously
+    Pay April 14
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11066" NEWID="6153">
+<DATE>17-MAR-1987 13:43:11.07</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>italy</D><D>greece</D><D>uk</D><D>france</D><D>pakistan</D><D>india</D><D>philippines</D><D>indonesia</D><D>malaysia</D><D>thailand</D><D>algeria</D><D>tunisia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6036&#31;reute
+u f BC-world-crop-weather   03-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD CROP WEATHER SUMMARY -- USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Dry weather covered most European
+crop areas in the week ended March 14, except for those in
+southwestern France, southern Italy, and Greece, the Joint
+Agricultural Weather Facility of the U.S. Agriculture and
+Commerce Departments said.
+    In its International Weather and Crop sumary, the agency
+said mixed rain and snow covered Greece.
+    Winter grains in England, France, and northern Italy
+remained dormant. Grains usuaually break dormancy in March.
+    Winter grains in Eastern Europe usually break dormancy in
+early April, it said.
+    Showers improved irrigation supplies in winter wheat areas
+of northern Pakistan and northern India, it said.
+    Normally, wheat harvesting is well underwaty in central
+India and just beginnning to the north, ending in most areas by
+late April.
+    Showers improved irrigation supplies in southern India,
+reversing February's below-normal trend.
+    Summer rice is usually in or nearing reproduction in most
+southern areas, it said.
+    In the Philippines, most rainfall was restricted to the
+central islands, continuing February's drying trend in Luzon
+and southern Mindanao.
+    Locally heavy showers dotted Indonesia and Malaysia as
+rainfall generally decreased eastward through the islands.
+    In February locally heavy showers may have caused flooding
+in Java, it said.
+    The second cnsecutive week of dry weather stressed Moroccan
+winter grains, approaching teh heading stage, the agency said.
+    Light to moderate rain spread from northern Thailand to
+Northern Vietnam as dry weather prevailed elsewhere in
+Southeast Asia.
+    Dry weather covered winter grain areas in western and
+central Algeria, but soil moisture was likely adequate to meet
+crop demands, it said.
+    Light showers in eastern Algeria and Tunisia maintained
+adequate moisture for crop growth, it said.
+    Timely rains will be needed in the next several weeks as
+winter grains advance through the critical reproductive phase,
+the agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11067" NEWID="6154">
+<DATE>17-MAR-1987 13:43:15.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6037&#31;reute
+s f BC-FEDERAL-PAPER-BOARD-C   03-17 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL PAPER BOARD CO &lt;FBT> SETS PAYOUT</TITLE>
+<DATELINE>    MONTVALE, N.J., March 17 -
+    </DATELINE><BODY>Qtly div 17-1/4 cts vs 17-1/4 cts prior
+    Pay April 15
+    Record March 31   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11068" NEWID="6155">
+<DATE>17-MAR-1987 13:43:27.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6039&#31;reute
+s f BC-SHONEY'S-INC-&lt;SHON>-S   03-17 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHONEY'S INC &lt;SHON> SETS PAYOUT</TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 17 -
+    </DATELINE><BODY>Qtly div four cts vs four cts prior
+    Pay April 22
+    Record April Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11069" NEWID="6156">
+<DATE>17-MAR-1987 13:44:23.62</DATE>
+<TOPICS><D>interest</D><D>bop</D><D>money-supply</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f6041&#31;reute
+r f BC-ANALYSTS-SAY-U.K.-BUD   03-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSTS SAY U.K. BUDGET POINTS TO BASE RATE CUTS</TITLE>
+<AUTHOR>    By Simon Cox, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>Chancellor of the Exchequer Nigel
+Lawson's Budget speech was described as sound and well balanced
+by analysts, if slightly lacking in excitement.
+    A cut in bank base lending rates is now widely expected
+tomorrow, with most forecasts predicting a half-point fall. A
+follow-up half-point cut is anticipated next week.
+    "Worthy but boring would probably sum it up," Peter Fellner,
+U.K. Economist at stockbrokers James Capel and Co, said. "It was
+a very, very prudent fiscal budget."
+    Richard Jeffrey of brokers Hoare Govett said it was a
+well-balanced budget within the confines of the government's
+philosophy of keeping expenditure levels flat.
+    Most analysts said the Budget was very sound on the fiscal
+side, but offered nothing new on monetary policy.
+    As was widely expected, Lawson split his "fiscal adjustment"
+between trimming the 1987/88 PSBR target to 4.0 billion stg
+from 7.1 billion and cutting basic rate income tax from 29 to
+27 pct.
+    The target for the narrow measure of money supply, M0, was
+kept unchangd at two to six pct, while the target for the broad
+Sterling M3 aggregate was dropped.
+    Both Jeffrey and Fellner said the budget clears the way for
+a half-point fall in U.K. Base rates tomorrow, but the
+authorities are unlikely to sanction a larger cut immediately.
+Many analysts and currency dealers have forecast a full
+one-point cut tomorrow.
+    "The Bank of England will be loathe to take any action which
+it will have to reverse later," Jeffrey said, though he added a
+further half-point cut was quite possible in the near future.
+    The main worry from today's speech is the outlook for
+inflation, given the signs of relaxed monetary policy contained
+in it, Scrimgeour Vickers economist Richard Holt said.
+    Holt noted the "rather loose" inflation forecast of 4.0 pct
+at end-1987, and said the lower interest rates likely to result
+from the tough fiscal stance could cause longer term concern.
+    "A higher PSBR target could be preferable in the long term,"
+he said, although lower mortgage interest rates on the back of
+falling base rates would have an offsetting impact on
+inflation.
+    The Budget will inspire a lot of short-term confidence but
+it was "not a good budget for inflation," he said
+    Jeffrey said he would have liked Lawson to say more about
+the dangers of excessive liquidity build-up but overall was not
+too concerned about a revival of inflation.
+    Fellner noted that the exchange rate was to remain the
+"leading edge" of monetary policy, but said the authorities were
+likely to be extremely cautious on this front.
+    He said they were unlikely to hesitate in holding interest
+rates steady or even raising them again if sterling showed any
+signs of excessive weakness.
+    Most analysts agreed Lawson had bolstered the credibility
+of the Budget by adopting realistic forecasts.
+    Raising the forecast for the current account deficit from
+1.5 to 2.5 billion stg for 1987 would not unsettle the markets,
+which are already discounting that amount, Jeffrey said.
+that the 4.0 billion stg PSBR target was given credibility by
+the favourable outturn for 1986/87, which is now also forecast
+to be 4.0 billion stg.
+    But analysts said the Budget speech did not give any
+clear-cut indication about the timing of the general election,
+which has to be held before June, 1988.
+    Some believe it signals a poll this June, noting that the
+benefits, such as income tax cuts and the decision not to raise
+duties on alcohol and tobacco, become available immediately.
+    But others said it kept several options open and it was not
+possible to deduce too much from it.
+    James Capel's Fellner noted that by being fiscally prudent,
+Lawson had kept open the possibility of an autumn election in
+that there would be no "chickens coming home to roost."
+    Richard Jeffrey, who favours the likelihood of a June
+election, said it was important the Chancellor had not gone for
+a Budget aimed overtly at buying an election victory.
+    Nevertheless, he said, it was likely to result in a boost
+to the Conservative Party's pre-election popularity.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11070" NEWID="6157">
+<DATE>17-MAR-1987 13:44:33.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6042&#31;reute
+u f BC-TAFT-&lt;TFB>-STOCK-RISE   03-17 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAFT &lt;TFB> STOCK RISES ON PROPOSAL</TITLE>
+<AUTHOR>    By Patti Domm</AUTHOR>
+<DATELINE>    New York, March 17 - </DATELINE><BODY>Taft Broadcasting Co stock rose almost
+three points today as its vice chairman and an investment group
+proposed to sweeten a takeover offer for the company.
+    However, several arbitragers said they would shy away from
+the stock at its current price levels since it is unclear how
+high bidding for the company would go and whether the company
+would agree to a takeover.
+    "There are too many uncertainties," said one arbitrager.
+    Taft stock rose 2-7/8 to 155-3/4.
+    Dudley Taft, Taft vice chairman, and Narragansett Capital
+Inc said they sent a letter to the Taft board, stating they
+were committed to pursuing acquisition of the broadcast company
+and were prepared to negotiate a transaction in excess of 150
+dlrs per share.
+    The company responded that the proposal would be submitted
+to the board of directors, but that no decisions have yet been
+made on a sale of the company.
+    "Someone's betting this company will go for 170 (dlrs per
+share)," said one arbitrager.
+    Arbitragers said the stock is a risky buy at current
+levels, unless an offer was accepted in the 170 dlr per share
+range. They said to make an arbitrage investment at this level
+would be chancy since it will take a long time for any
+transaction to be completed because of regulatory approvals
+necessary for the broadcast properites.
+    Taft earlier rejected a 145 dlr per share or 1.35 billion
+dlr bid from the investment group. The company said it rejected
+the bid as inadequate based on advice of Goldman, Sachs and Co,
+its financial adviser. It said it would consider alternatives
+such as restructuring.
+    Arbitragers speculated a bidding war may erupt for Taft,
+which has two large shareholders in an investment group led by
+Robert Bass and Carl Lindner, chairman of American Financial
+Corp. The Bass group holds 25 pct of Taft and Lindner holds
+16.2 pct. The Taft family, which founded the company almost 50
+years ago, has about 12 pct.
+    Lindner last week told the Securities and Exchange
+Commission he may be interested in making a bid for Taft.
+    "I could see if things got really crazy that it might go
+for 175 (dlrs per share)," said one arbitrager, but he
+speculated it probably would not even be taken over for more
+than a price in the 160s.
+    Another speculated that Lindner might bid, but he
+speculated the investor would not really be interested in
+running the company. Lindner was unavailable for comment.
+    Dennis McAlpine, an analyst with Oppenheimer and Co, said
+he had speculated the company might be considering a leveraged
+buyout.
+    "Ideally, you'd have to break this thing up to satisfy all
+the interests involved," he said, adding the two largest
+shareholders might be interested in pieces of Taft.
+    He said the highest takeover price he calculated for the
+company has been about 140 dlrs per share, but that the highest
+estimates on Wall Street have been about 160. He said the
+latter would be based on more optimistic expectations for the
+broadcast industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11071" NEWID="6158">
+<DATE>17-MAR-1987 13:46:23.29</DATE>
+<TOPICS><D>ipi</D><D>jobs</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f6048&#31;reute
+r f BC-BANK-OF-FRANCE-SEES-C   03-17 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE SEES CONTINUED INDUSTRIAL PICKUP</TITLE>
+<DATELINE>    PARIS, March 17 - </DATELINE><BODY>The Bank of France expects a continued
+revival in short-term industrial activity, but the outlook for
+any improvement in France's record 10.9 pct unemployment rate
+remains bleak, the Bank of France said in its monthly review.
+    The upturn in activity in all industrial sectors except the
+agro-food sector in February more than compensated for the fall
+in January, while construction and civil engineering
+experienced a recovery which appears likely to extend over the
+next few months.
+    Internal demand rose and the export situation improved, in
+particular toward the European Community (EC), the Bank said.
+    Stocks decreases and order book levels, with the exception
+of the agro-food industry, improved substantially.
+    In addition, retail prices and salaries stabilised last
+months.
+    Production rose in all sectors except agricultural
+machinery and aeronautics, where it stabilised, and ship
+construction, where it declined.
+    The car industry was the major beneficiary of the upturn in
+activity in February, with both domestic and export orders
+rising.
+    In the consumer goods sector, actitity rose sharply despite
+a fall in the household goods sector and stability in
+pharmaceuticals.
+    Among semi-finished products, output rose sharply, helped
+by a strong growth in construction materials.
+    But activity in the retail sector declined slightly over
+the past two months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11072" NEWID="6159">
+<DATE>17-MAR-1987 13:49:14.65</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f6055&#31;reute
+b f BC-******HERRINGTON-SAYS   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HERRINGTON SAYS HE MAY RECOMMEND TAX BENEFITS FOR U.S. OIL INDUSTRY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11073" NEWID="6160">
+<DATE>17-MAR-1987 13:51:13.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f6066&#31;reute
+r f BC-MOODY'S-MAY-LOWER-W.R   03-17 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY LOWER W.R. GRACE &lt;GRA> RATINGS</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Moody's Investors Service Inc said it
+is reviewing for posible downgrade the debt ratings of W.R.
+Grace and Co because of concern the company's earnings may not
+be high enough to provide meaningful improvement in its
+currently thin margins of interest coverage for some time.
+    Some 650 mln drls of outstanding debt is affected.
+    Moody's said it is evaluating the ability of Grace's less
+diversified business portfolio to generate funds sufficient for
+reinvestment and growth, along with debt service and repayment,
+in the next three to five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11074" NEWID="6161">
+<DATE>17-MAR-1987 13:54:26.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6077&#31;reute
+b f BC-******MIDWAY-AIRLINES   03-17 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MIDWAY AIRLINES SETS SHAREHOLDER RIGHTS PLAN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11075" NEWID="6162">
+<DATE>17-MAR-1987 13:54:39.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f6078&#31;reute
+u f BC-CONSOLIDATED-ENERGY-&lt;   03-17 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED ENERGY &lt;CPS> UNIT FILES CHAPTER 11</TITLE>
+<DATELINE>    DENVER, March 17 - </DATELINE><BODY>Consolidated Energy Partners LP said 99
+pct owned master limited partnership Consolidated Operating
+Partners LP has defaulted on a 10 mln dlr principal payment to
+its lending banks and has filed for reorganization under
+Chapter 11 of the federal bankruptcy code.
+    The company said Consolidated Operating Partners intends to
+file a plan of reorganization within 90 days.
+    It said a request for an extension of the payment time was
+not granted.
+    Consolidated Energy, an affiliate of Consolidated Oil and
+Gas Inc &lt;CGS>, said the value of the properties owned by
+Consolidated Operating Partners substantially exceeds the 46.3
+mln dlrs of nonrecourse debt due lender banks First Interstate
+Bancorp &lt;I> and RepublicBank Corp &lt;RPT>.  The partnership has
+other debt totalling about 530,000 dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11076" NEWID="6163">
+<DATE>17-MAR-1987 13:58:02.67</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f6083&#31;reute
+u f BC-HERRINGTON-SAYS-HE-MA   03-17 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERRINGTON SAYS HE MAY CALL FOR OIL TAX BENEFITS</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Energy Secretary John Herrington
+said he may recommend to the White House that the domestic oil
+industry be given tax benefits to help it produce more oil and
+head off increasing U.S. dependence on foreign oil.
+    He said also at a news conference that he would recommend
+to the White House that the fill rate of the Strategic
+Petroleum Reserve be increased from its planned 35,000 barrels
+per day.
+    The oil reserve fill rate capacity is 100,000 barrels a
+day.
+    Herrington said he had always advocated a greater fill rate
+for the petroleum reserve, but the rate had been kept down
+because of budgetary constraints.
+    Herrington did not disclose what tax incentives he might
+advocate, but U.S. officials have shown interest in tax
+benefits for oil and gas exploration and for research and
+development into new ways to extract oil which is now
+considered uneconomical to produce.
+    He made the remarks in conjunction with the release of the
+Energy Department's study on oil's impact on national security.
+    Herrington said that before he disclosed what
+recommendations for tax benefits for the oil and gas industry
+he might make, he would raise the matter with the White House
+Economic Policy Committee to see if the proposals to increase
+oil production made good tax policy.
+    He said he would like to increase U.S. production by one
+mln barrels a day.
+    The report said that by the end of the century the United
+States may be relying on foreign sources for 50 pct of its oil
+consumption, posing a serious economic and national security
+threat.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11077" NEWID="6164">
+<DATE>17-MAR-1987 13:58:14.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f6084&#31;reute
+r f BC-SUBCOMMITEE-APPROVES   03-17 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PANEL SETS INTERNATIONAL DEBT BILL</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>A House Banking subcommittee
+approved legislation which would require the Treasury Secretary
+to begin negotiations on the establishment of an international
+debt adjustment facility.
+    The facility would buy up some of the debt of less
+developed countries and sell it to banks at a discount.
+    The facility was proposed by Rep. John LaFalce, D-N.Y., who
+said it would help ease the third world debt crisis. It was
+approved by the House International Finance subcommittee and
+sent to the full House Banking Committee, which will consider
+the measure next week.
+    The legislation is part of the omnibus trade bill being
+considered by several committees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11078" NEWID="6165">
+<DATE>17-MAR-1987 13:59:02.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6085&#31;reute
+r f BC-CONSOLIDATED-STORES-C   03-17 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED STORES CORP &lt;CNS> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 17 -
+    </DATELINE><BODY>Shr 17 cts vs 13 cts
+    Net 7,602,000 vs 4,879,000
+    Sales 141.5 mln vs 71.3 mln
+    Avg shrs 45.0 mln vs 42.2 mln
+    Year
+    Shr 45 cts vs 32 cts
+    Net 19.5 mln vs 12.0 mln
+    Sales 397.2 mln vs 181.1 mln
+    Avg shrs 43.4 mln vs 38.2 mln
+    NOTE: Prior year net includes 2,600,000 dlr tax credit.
+    Share adjusted for two-for-one stock split in June 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11079" NEWID="6166">
+<DATE>17-MAR-1987 13:59:13.83</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6086&#31;reute
+r f BC-WAINCO-OIL-&lt;WOL>-COMP   03-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAINCO OIL &lt;WOL> COMPLETES WILDCAT WELL</TITLE>
+<DATELINE>    HOUSTON, March 17 - </DATELINE><BODY>Wainco Oil Corp said it has completed a
+wildcat well on its GrandMarais prspect in Jefferson Davis
+Parish, La., which is currently producing at a rate of 1.1 mln
+cubic feet of gas and 40 barrels of condensate daily.
+    The company said it has a 20 pct working interest in the
+well which is flowing from Lower Frion Tweedel Sand
+perforations between 10,104 and 10,110 feet. Additional
+untested but possibly productive zones exist behind the pipe,
+it added. It said the remaining owners are privately held
+petroleum companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11080" NEWID="6167">
+<DATE>17-MAR-1987 13:59:26.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6088&#31;reute
+r f BC-VIACOM'S-&lt;VIA>-MTV-TO   03-17 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIACOM'S &lt;VIA> MTV TO AIR IN AUSTRALIA</TITLE>
+<DATELINE>    SYDNEY, Australia, March 17 - </DATELINE><BODY>Viacom INternational Inc's
+MTV Networks Entertainment said that portions of MTV:Music
+Television will begin airing on Nine Network Australia,
+effective April 16.
+    The network will carry 12 hours of MTV programming weekly
+featuring an emphasis on local Australian artists.
+    Australian media mogul Alan Bond agreed to acquire Nine
+Networks from Kerry Packer last year. Nine networks operates
+four broadcast television stations and affiliated regional
+stations in Australia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11081" NEWID="6168">
+<DATE>17-MAR-1987 14:00:17.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f6092&#31;reute
+f f BC-******ROSTENKOWSKI-SA   03-17 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROSTENKOWSKI SAYS WILL BACK U.S. TAX HIKE, BUT DOUBTS PASSAGE WITHOUT REAGAN SUPPORT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11082" NEWID="6169">
+<DATE>17-MAR-1987 14:00:30.87</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f6093&#31;reute
+u f BC-U.S.-WARNS-OF-DEPENDE   03-17 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WARNS OF DEPENDENCE ON FOREIGN OIL</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>A White House-ordered report said 
+that growing U.S. reliance on foreign oil into the year 2000
+could have potentially damaging implications for national
+security.
+    The Energy Department study discusses several options to
+curb reliance on foreign oil, but makes no recommendations.
+    President Reagan and most Congressmen have previously ruled
+out a tax on foreign oil as a way to curb imports and to help
+the depressed domestic oil industry.
+    Energy Secretary John Herrington said in a statement that
+"although we have made gains in energy security in the last six
+years, this report shows that there is justification for
+national concern both over declining competitiveness of our
+domestic oil and gas industry and over rising oil imports."
+    The report said imports last year were 33 pct of U.S.
+consumption and by the mid-1990s could rise to 50 pct.
+    Among the report's options to ease U.S. reliance on foreign
+oil are several already advocated by the Reagan Administration.
+    President Reagan ordered the study last September, citing a
+determination that the country never again become captive to a
+foreign oil cartel, referring to the OPEC-led oil shortages and
+sharp prices increases of the 1970s.
+    The report said an import fee would raise prices and help
+make it economical for U.S. oil firms to find and produce new
+oil, as well as to cut imports, but on the whole the tax would
+depress the nation's economy.
+    The study was outlined in a New York Times report today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11083" NEWID="6170">
+<DATE>17-MAR-1987 14:03:23.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f6102&#31;reute
+f f BC-******ROSTENKOWSKI-SE   03-17 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROSTENKOWSKI SEES NO EXPORT TAX INCENTIVES OR RESEARCH TAX CREDIT RENEWAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11084" NEWID="6171">
+<DATE>17-MAR-1987 14:05:04.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6111&#31;reute
+d f BC-CSX-&lt;CSX>,-CONRAIL-RE   03-17 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSX &lt;CSX>, CONRAIL REDUCE SOUTH TO NORTH RATES</TITLE>
+<DATELINE>    PHILADELPHIA, March 17 - </DATELINE><BODY>Consolidated Rail Corp said it and
+CSX Corp's CSX Transportation Corp subsidiary have reduced
+rates on boxcar shipments of manufactured products moving
+between CSX points in the South and Conrail points in the
+Northeast and Midwest.
+    Conrail said the prices, which were effective March one,
+are expected to meet or beat comparable truck transportation
+prices in virtually all target markets.
+    It said the reduced prices also represent a simplification
+of the prvious tariff-based rate structure, which used price
+and milage scales to determine rates. The new prices are
+constructed from a single table of origin and destination Zip
+Codes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11085" NEWID="6172">
+<DATE>17-MAR-1987 14:05:11.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6112&#31;reute
+d f BC-HOSPITAL-STAFFING-SER   03-17 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOSPITAL STAFFING SERVICES INC &lt;HSSI> 1ST QTR</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., March 17 - </DATELINE><BODY>Feb 28
+    Oper shr six cts vs two cts
+    Oper net 189,683 vs 47,499
+    Revs 2,874,930 vs 2,594,574
+    NOTE: Prior year net excludes 33,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11086" NEWID="6173">
+<DATE>17-MAR-1987 14:05:19.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6113&#31;reute
+d f BC-VIATECH-INC-&lt;VTK>-YEA   03-17 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIATECH INC &lt;VTK> YEAR NET</TITLE>
+<DATELINE>    SYOSSET, N.Y., March 17 -
+    </DATELINE><BODY>Shr 1.53 dlrs vs 18 cts
+    Net 841,893 vs 95,477
+    Revs 50.3 mln vs 35.1 mln
+                                   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11087" NEWID="6174">
+<DATE>17-MAR-1987 14:05:28.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6114&#31;reute
+h f BC-CENTRAL-BANCORPORATIO   03-17 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANCORPORATION &lt;CBAN> CHIEF TO RETIRE</TITLE>
+<DATELINE>    CINCINNATI, March 17 - </DATELINE><BODY>Central Bancorporation Inc said
+Oliver W. Birckhead, 64, president and chief executive officer
+of the company and chairman and CEO of its Central Trust Co NA
+Cincinnati unit, will retire on December 31.
+    Central Bancorporation said Noble O. Carpenter will succeed
+Birckhead at the holding company on January one, 1988.
+    The company said Carpenter is currently executive vice
+president of the holding company and president and CEO of
+Central Trust Co of Northeastern Ohio NA.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11088" NEWID="6175">
+<DATE>17-MAR-1987 14:05:50.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6118&#31;reute
+h f BC-INTERACTIVE-TECHNOLOG   03-17 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERACTIVE TECHNOLOGIES INC &lt;ITXI> 1ST QTR NET</TITLE>
+<DATELINE>    NORTH ST. PAUL, MINN., March 17 -
+    </DATELINE><BODY>Shr nine cts vs eight cts
+    Net 373,000 vs 269,000
+    Sales 3,501,000 vs 2,507,000
+    Avg shrs 4,036,000 vs 3,326,000
+    NOTE: Periods end January 31, 1987 and 1986, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11089" NEWID="6176">
+<DATE>17-MAR-1987 14:06:29.34</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f6121&#31;reute
+f f BC-******U.S.-FHL-BANKS   03-17 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FHL BANKS SETS 6.70 PCT, 7.10 PCT, 7.65 PCT RATES ON 2.55 BILLION DLR OFFER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11090" NEWID="6177">
+<DATE>17-MAR-1987 14:07:35.23</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D><D>oapec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM
+&#22;&#22;&#1;f6122&#31;reute
+u f BC-OPEC-WANTS-18-DLR-OIL   03-17 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC WANTS 18 DLR OIL PRICE - OAPEC OFFICIAL</TITLE>
+<DATELINE>    BRUSSELS, March 17 - </DATELINE><BODY>OPEC believes world oil prices should
+be set around a fixed average price of 18 dlrs a barrel, OAPEC
+Assistant General Secretary Abdelaziz Al-Wattari said today.
+    In a speech to a European Community (EC)/OAPEC/OPEC seminar
+in Luxembourg released here, Al-Wattari said: "OPEC believes
+...The world energy trade should be kept without restrictions
+and should be built around a fixed average price of 18 dlrs."
+    But he warned that defense of the 18 dlr a barrel level had
+caused hardship for OPEC countries, who had been forced to
+curtail production, and he warned that such cutbacks by OPEC
+states could not be sustained in some cases.
+    "For OPEC to stabilize the world oil price at what is now
+considered the optimal level of 18 dlrs a barrel, its member
+countries have had to undergo severe hardship in curtailing
+production," Al-Wattari said.
+    "Such cutbacks ... Cannot, in certain cases, be sustained,"
+Al-Wattari said. As well as financial and marketing pressures,
+some states depended on associated gas output for domestic use
+and oil cutbacks had left insufficient gas supplies, he added.
+    Al-Wattari noted that total OPEC output was below the
+organization's agreed ceiling for all member countries in
+February, although this had meant sacrifices.
+    The effect of these sacrifices meant that market stability,
+though restored to a good level, was still under pressure,
+Al-Wattari said. "A lasting stability in the world market
+requires a wider scope of international cooperation," he added.
+    He said some non-OPEC oil producing countries had shown a
+political willingness after 1986 to cooperate with OPEC.
+    But although cutbacks announced by these states were
+politically significant and welcomed by OPEC, they were
+insufficient in terms of volume, he added. "The overall majority
+of non-OPEC producers have not responded sufficiently to OPEC's
+calls for supply regulation," he said.
+    Al-Wattari said an 18 dlr a barrel price was optimal as it
+allowed investment in the oil industry outside OPEC to
+continue, while not generating excessive cash flow for
+otherwise unviable high-cost areas outside OPEC. Such a price
+would no longer encourage protectionist measures, he added.
+    Fadhil Al-Chalabi, OPEC Deputy Secretary General, also
+addressing the seminar, added that discipline was still needed
+to prevent violent fluctuations in the oil market.
+    Cooperation between Arab states and Europe was advantageous
+for both sides, Al-Chalabi said, adding he hoped cooperation
+would ultimately lead to full-fledged Euro-Arab dialogue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11091" NEWID="6178">
+<DATE>17-MAR-1987 14:09:07.93</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f6127&#31;reute
+u f BC-U.S.-FHL-BANKS-SETS-R   03-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FHL BANKS SETS RATES ON DEBT OFFERING</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>The Office of Finance, Federal Home
+Loan Banks, said it set rates on today's debt offering of 6.70
+pct on its 1.11 billion dlr issue, 7.10 pct on a 1.065 billion
+dlr issue and 7.65 pct on a 375 mln dlr issue.
+    It said the issues, which are for settlement March 25, 
+mature March 26, 1990, March 25, 1992 and March 25, 1997,
+respectively.
+    The office said telephone confirmation of allotments must
+be received by 1500 hrs EST today and that secondary trading
+will begin at 0930 hrs EST tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11092" NEWID="6179">
+<DATE>17-MAR-1987 14:09:23.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6129&#31;reute
+d f BC-SANTA-ANITA-COS-&lt;SAR>   03-17 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTA ANITA COS &lt;SAR> 4TH QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 17 -
+    </DATELINE><BODY>Oper shr 45 cts vs 63 cts
+    Oper net 3,805,000 vs 5,155,000
+    Revs 12.0 mln vs 10.6 mln
+    Year
+    Oper shr 1.58 dlrs vs 2.07 dlrs
+    Oper net 12,991,000 vs 15,692,000
+    Revs 69.8 mln vs 71.7 mln
+    Avg shrs 8,265,541 vs 7,598,522
+    Note: Current qtr and year figures exclude losses from
+discontinued operations of 761,000 dlrs and 875,000 dlrs,
+respectively and disposition gain of 6.1 mln dlrs in both
+periods.
+    Prior qtr and year figures exclude gain from discontinued
+operation of 31,000 dlrs and loss of 2,000 dlrs, respectively.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11093" NEWID="6180">
+<DATE>17-MAR-1987 14:10:19.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6131&#31;reute
+u f BC-MIDWAY-AIRLINES-&lt;MDWY   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWAY AIRLINES &lt;MDWY> SETS HOLDER RIGHTS PLAN</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Midway Airlines Inc, which has
+frequently been mentioned as an acquisition target, said it
+declared a shareholder rights plan.
+    Holders will get a dividend of one preferred share purchase
+right on each outstanding share of common stock.
+    Each right, when exercisable, will entitle the holder to
+purchase one one-hundredth share of Series C Junior
+Participating preferred stock for 50 dlrs.
+    The rights are intended to assure that all holders receive
+fair treatment in the event of a takeover. The company said
+this is not in response to a known effort to acquire control.
+    The rights will be exercisable 10 days after a person or
+group buys 20 pct of the company's common, or announces or
+commences a tender offer that would result in acquisition of 30
+pct or more of its common.
+    Midway can redeem the rights at two cts each at any time
+prior to expieration of 10 days after the acquisition by any
+person of 20 pct or more of the companyt's common, it said.
+    If Midway is acquired, each right will entitle its hodler
+to purchase a number of the acquiring company's common shares
+having a market value at that time of twice the right's
+exercise price.
+    The dividend will be payable to holders of record April
+six, and expire 10 years later on April 6, 1997.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11094" NEWID="6181">
+<DATE>17-MAR-1987 14:15:41.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6140&#31;reute
+d f BC-EQUION-CORP-&lt;EQUI>-2N   03-17 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUION CORP &lt;EQUI> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    HARRODSBURG, Ky., March 17 - 
+    </DATELINE><BODY>Oper shr 19 cts vs 18 cts
+    Oper net 951,902 vs 987,860
+    Revs 19.0 mln vs 17.1 mln
+    Six mths
+    Oper shr 26 cts vs 35 cts
+    Oper net 1,332,273 vs 2,502,868
+    Revs 33.6 mln vs 29.2 mln
+    Note: Oper net excludes tax credits of 897,925 dlrs vs
+841,511,dlrs for qtr and 1,306,860 dlrs vs 2,132,073 dlrs for
+six mths.
+    Note: Year-ago results restated to reflect change in
+accounting principle effective August one, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11095" NEWID="6182">
+<DATE>17-MAR-1987 14:18:49.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6146&#31;reute
+u f BC-INTERTAN-&lt;ITAN>TO-CLO   03-17 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERTAN &lt;ITAN>TO CLOSE GERMAN UNITS,TAKE CHARGE</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 17 - </DATELINE><BODY>Intertan Inc said it plans to
+close its 17 company-owned retail stores in Germany and
+anticipates this will result in a 6.5 mln dlr charge against
+third quarter, ended February 28, results.
+    The company took over Tandy Corp's &lt;TAN> international
+retail operations last September and was spun off to Tandy
+holders of record December 31.
+    As a result of the proposed Germany closings, Intertan
+said, about 57 German employees and 40 support personnel in
+Belgium are expected to be discharged.
+   
+    Intertan said it expects a small staff will be retained in
+Germany to service the company's 27 remaining German dealers.
+    The company said its German operations had a fiscal 1986
+loss of 4.0 mln dlrs on sales of 6.2 mln dlrs. For the first
+nine months of fiscal 1987, it had a pre-tax loss of 1.5 mln
+dlrs on revenues of 5.4 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11096" NEWID="6183">
+<DATE>17-MAR-1987 14:19:54.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f6151&#31;reute
+b f BC-macmillan-bloedel-ups   03-17 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MACMILLAN BLOEDEL RAISES U.S. NEWSPRINT PRICE BY 30 U.S. DLRS/TONNE, EFFECTIVE JULY 1
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11097" NEWID="6184">
+<DATE>17-MAR-1987 14:20:31.70</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f6152&#31;reute
+u f BC-venezuela-ecuador-oil   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA-ECUADOR OIL LOAN UNDER DISCUSSION</TITLE>
+<DATELINE>    CARACAS, March 17 - </DATELINE><BODY>Venezuela has still to work out final
+details of its plan to supply Ecuador with 50,000 barrels per
+day of crude oil to compensate that country for lost exports
+caused by earthquake damage, a senior Petroleos de Venezuela
+(PDVSA) official said.
+    "We have yet to finalize details on how the compensation
+will be carried out and how OPEC production quotas will be
+affected," he said during the signing of a joint venture deal
+with Union Pacific Corp today.
+    He said an agreement was initialled on a visit last week by
+Ecuador's deputy energy minister Fernando Santos Alvite.
+    He pointed out that there are some contractual points to be
+considered. Venezuela, possibly unique among oil exporters,
+requires its clients to sign final destination clauses to
+ensure its oil is not resold on the spot market.
+    Ecuador's oil minister Javier Espinosa was quoted today as
+saying Venezuela will export the oil on Ecuador's account and
+remit the revenues to Quito. Ecuador would pay back the oil at
+a rate of 35,000 bpd.
+    He said Venezuela's oil would be traded through Ecuadorean
+state oil company Cepe, but the PDVSA official said the company
+never allows third parties to trade its oil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11098" NEWID="6185">
+<DATE>17-MAR-1987 14:21:58.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6156&#31;reute
+d f BC-&lt;TEMCO-SERVICE-INDUST   03-17 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TEMCO SERVICE INDUSTRIES INC> 1ST QTR DEC 31</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Shr 31 cts vs 21 cts
+    Net 182,839 vs 132,804
+    Revs 25.0 mln vs 19.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11099" NEWID="6186">
+<DATE>17-MAR-1987 14:22:01.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f6157&#31;reute
+d f BC-&lt;great-pacific-indust   03-17 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GREAT PACIFIC INDUSTRIES INC> YEAR NET</TITLE>
+<DATELINE>    Vancouver, British Columbia, March 17 -
+    </DATELINE><BODY>Shr 1.93 dlrs vs 2.21 dlrs
+    Net 8,371,000 vs 9,576,000
+    Revs 18.3 mln vs 15.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11100" NEWID="6187">
+<DATE>17-MAR-1987 14:22:06.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6158&#31;reute
+d f BC-SIMMONS-AIRLINES-INC   03-17 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIMMONS AIRLINES INC &lt;SIMM> 2ND QTR LOSS</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Period end Jan 31
+    Shr loss 17 cts vs loss 26 cts
+    Net loss 765,808 vs loss 1,216,501
+    Revs 15.8 mln vs 18.7 mln
+    Six mths
+    Shr nil vs profit 54 cts
+    Net loss 12.5 mln vs profit 2,538,030
+    Revs 32.5 mln vs 42.6 mln
+    Avg shrs 4,310,068 vs 4,712,315
+    NOTE: Prior yr results restated to reflect change in value
+of aircraft, resulting in increase of 232,000 or five cts shr
+for six mths
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11102" NEWID="6188">
+<DATE>17-MAR-1987 14:22:11.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6159&#31;reute
+u f BC-&lt;TEMCO-SERVICE-INDUST   03-17 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TEMCO SERVICE INDUSTRIES INC> MERGER ENDED</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Temco Service Industries Inc said its
+proposed buyout by chairman Herman J. Hellman and president
+Harvey Newwman has been terminated by mutual consent, and Temco
+has no present intention of being acquired by any other party.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11103" NEWID="6189">
+<DATE>17-MAR-1987 14:24:16.27</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>suriname</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f6166&#31;reute
+u f BC-suralco's-alumina-exp   03-17 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SURALCO ALUMINA EXPORTS DROPPED 75 PCT IN FEB</TITLE>
+<DATELINE>    PARAMARIBO, March 17 - </DATELINE><BODY>The Surinam Aluminum Company
+(SURALCO) registered a 75 pct drop in alumina exports in
+February after its operations were shut down by worker violence
+and guerrilla sabotage, the official Surinam News Agency, SNA,
+reported.
+    SNA said Suralco's alumina exports dropped to 23,869 tonnes
+in February from 92,852 tonnes in January. Aluminum exports,
+meanwhile, decreased nine pct in the same period, to 1,511
+tonnes from 1,647 tonnes.
+    Suralco's alumina refinery at Paranam, 18 miles south of
+the capital, was shut down February 2 after workers destroyed
+plant and computer equipment in a protest over layoffs at the
+company's nearby aluminum smelter.
+    The smelter was shut down January 26 after anti-government
+guerrillas dynamited two electricity towers which transmit
+power to the plant from the Afobaka dam.
+    The alumina refinery, owned jointly by Suralco and Billiton
+NV, a Royal Dutch Shell subsidiary, was reopened March 9. But
+the smelter remains closed, as do the Suralco mines at Moengo,
+60 miles east of Paramaribo, which were closed down by
+guerrillas last November.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11104" NEWID="6190">
+<DATE>17-MAR-1987 14:24:30.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f6167&#31;reute
+r f BC-BUDGET-SEEN-PAVING-WA   03-17 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUDGET SEEN PAVING WAY FOR EARLY U.K. ELECTION</TITLE>
+<AUTHOR>    By Sten Stovall, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The budget presented by Chancellor of
+the Exchequer Nigel Lawson was described by MPs and analysts as
+being politically astute, combining tax cuts and fiscal
+prudence which promised to boost the Conservative government's
+standing with both voters and financial markets.
+    The 1987/88 budget contained a two-penny cut in the
+standard rate of tax, and a three billion stg reduction in the
+Public Sector Borrowing Requirement (PSBR), to 4.0 billion stg.
+    Parliamentarians said the budget would pave the way for a
+fall in domestic interest rates and an early election.
+    Conservative MP Anthony Beaumont-Dark said the budget "is
+not glamourous - but it is sound and sensible."
+    Lawson told journalists later that it was "a budget built on
+success, for success."
+    But opposition MPs did not agree .
+    David Steel, leader of the Liberal Party, said "this was a
+strangely deceptive budget.
+    The Chancellor had six billion stg to give back - he has
+chosen to give half of that to reducing the PSBR, whereas we in
+the SDP/Liberal Aliance think it would have been wiser to use
+those revenues to reduce unemployment and alleviate poverty."
+    Steel said "the cunning thing in this seductive budget is
+that all the good things will come in the pre-election period -
+the fall in interest rates, the fall in mortgage rates, the
+lower income tax, relatively cheaper whisky, beer, cigarettes
+and petrol."
+    David Owen, the leader of the Social Democratic Party (SDP)
+which with the Liberals make up the centrist Alliance grouping,
+said "this is a good attempt at an electioneering budget but it
+has failed in its objective. It has given money to the "haves" as
+opposed to the "have-nots."
+    Labour leader Neil Kinnock called it "a bribes budget."
+    Kinnock said the budget "had little to do with the general
+good, and everything to do with the general election."
+    Roy Hattersley, the Labour Party's Treasury spokesman, said
+"the Tories should have used available resources to invest in
+industry, in health and in education."
+    He added that "we know that whoever is elected (to power in
+the next general election) will reverse these tax cuts."
+    But Lawson rejected that. Rather, he said the Treasury
+expected to have at least 3.0 billion stg in fiscal 1988/89 for
+use in cutting taxes or raising public spending.
+    Lawson rejected claims by opposition MPs that the
+government would be forced to call an election by a
+deteriorating economy.
+    In his financial statement to Parliament, Lawson had said
+that "the setting for this year's budget is more favourable than
+it has been for many years. We are now entering our seventh
+year of steady growth and the fifth in which this has been
+combined with low inflation. The public finances are sound and
+strong, and unemployment is falling."
+    He said that "these are the fruits of the government's
+determination, in bad times as well as good, to hold firmly to
+our policies of sound money and free markets."
+    Lawson later said the Government felt no compulsion to
+plump for an early election.
+    Asked by political journalists what effect the Budget would
+have on election timing, he replied "I think we will hold the
+election either late or early. I must confess I am rather
+relaxed about it all.
+    "There is not any compulsion to go for an early election.
+    But he added that "if the Prime Minister decides to go for
+an early election, it will bring to an end all this rather
+ridiculous pre-election atmosphere and fever - and there is
+something to be said for that."
+    Industry also welcomed Lawson's budget. Confederation of
+British Industry (CBI) President David Nickson said "This budget
+will reinforce business success. Lower government borrowing
+means lower interst rates for business. This is what the CBI
+wanted."
+    "We have always said we would judge the budget on how it
+affects the cost of borrowing. This should do the trick."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11105" NEWID="6191">
+<DATE>17-MAR-1987 14:25:29.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6173&#31;reute
+r f BC-DISCRIMINATION-CHARGE   03-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DISCRIMINATION CHARGES LIFTED AGAINST TWA &lt;TWA></TITLE>
+<DATELINE>    ST. LOUIS, MO., March 17 - </DATELINE><BODY>Trans World Airlines Inc said
+the U.S. Equal Employment Opportunity Commission dismissed
+charges of sex and age discrimination filed against it by
+members of the Independent Federation of Flight Attendants.
+    The union went on strike in March 1986 after failing to
+agree on a contract and charged that the airline sought greater
+wage concessions from the flight attendants because they were
+predominantly female.
+    TWA said the commission found that there is no reason to
+believe these allegations are true.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11106" NEWID="6192">
+<DATE>17-MAR-1987 14:28:02.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f6181&#31;reute
+r f BC-FHLBB-APPROVES-FUNDS   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB APPROVES FUNDS TRANSFER TO DALLAS BANK</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The Federal Home Loan Bank Board
+said it voted to transfer one billion dlrs cash from the
+Federal Savings and Loan Insurance Corp (FSLIC) to the Dallas
+Federal Home Loan bank tomorrow to correct a collateral
+deficiency.
+    The infusion was needed because the value of collateral
+behind FSLIC loans to savings and loan associations in the
+region had declined, an FHLBB official said.
+    The official said that as a result, auditors of the Dallas
+bank, one of the 12 regional federal home loan banks, would be
+able to give an unqualified opinion on the bank's condition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11107" NEWID="6193">
+<DATE>17-MAR-1987 14:29:51.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y E
+&#22;&#22;&#1;f6183&#31;reute
+u f BC-ASAMERA-&lt;ASM>-TO-SELL   03-17 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASAMERA &lt;ASM> TO SELL DENVER REFINERY</TITLE>
+<DATELINE>    CALGARY, March 17 - </DATELINE><BODY>Asamera Inc said it has signed a letter
+of intent to sell its Denver refinery to Total Petroleum (North
+America) Ltd &lt;TPN> for undisclosed terms.
+    It said the sale is subject to regulatory approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11108" NEWID="6194">
+<DATE>17-MAR-1987 14:30:28.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f6184&#31;reute
+u f BC-NEW-ITALIAN-TREASURY   03-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ITALIAN TREASURY OFFER UNDERSUBSCRIBED</TITLE>
+<DATELINE>    ROME, March 17 - </DATELINE><BODY>Market operators subscribed to less than
+half of the 3,000 billion lire offer of a new type of indexed
+government paper, figures from the Bank of Italy show.
+    Operators subscribed to 1,427 billion lire of the 3,000
+billion lire issue of seven-year discount certificates (CTs).
+    The CTs, of 100 lire nominal value each, were offered for
+competitive tender at a price of 74 lire. Yields are adjustable
+annually and linked to those on 12-month treasury bills.
+Effective net yield on the first coupon will be 9.66 pct. The
+Bank of Italy took up 500 billion lire of the offer, leaving
+1,073 billion lire unassigned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11109" NEWID="6195">
+<DATE>17-MAR-1987 14:31:19.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f6186&#31;reute
+r f BC-macmillan-bloedel   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACMILLAN BLOEDEL&lt;MMBLF> RAISES NEWSPRINT PRICE</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 17 - </DATELINE><BODY>MacMillan Bloedel
+Ltd said it increased its current newsprint list price for
+customers in the United States by 30 U.S. dlrs a tonne,
+effective July 1, 1987.
+    Standard white 30 pound newsprint sold through sales unit
+Powell River-Alberni Sales Corp will increase to 600 U.S.dlrs a
+tonne from 570 U.S. dlrs a ton, MacMillan Bloedel said.
+    It also said a five pct temporary competitive allowance
+introduced on Dec 1, 1985, will be reduced to three pct, while
+a five pct contract performance incentive program introduced
+July 1, 1983 will remain in effect.
+    MacMillan Bloedel said customers who annually purchase 100
+pct against their contract will receive the five pct discount
+under the contract performance incentive program plus the three
+pct discount under the temporary competitive allowance, against
+the new 600 U.S. dlr a tonne newsprint price.
+    The company said it is restoring margins on newsprint and
+groundwood printing papers so it can continue expanding and
+upgrading its pulp and paper facilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11110" NEWID="6196">
+<DATE>17-MAR-1987 14:33:12.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f6192&#31;reute
+b f BC-/ROSTENKOWSKI-SAYS-TA   03-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSTENKOWSKI SAYS TAX HIKE NEEDS REAGAN SUPPORT</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>House Ways and Means Committee
+chairman Dan Rostenkowski said he was ready to support an 18
+billion dlr tax increase to help balance the budget but doubted
+it could pass Congress without President Reagan's support.
+    Rostenkowski, the chief House taxwriter, said his committee
+was reluctant to back a tax increase without certainty that it
+would pass the full House and this would require Republican
+votes.
+    "Chairman Rostenkowski still says its an uphill fight unless
+the president signs on," the Illinois Democrat said in remarks
+for delivery to the Tax Executives Institute.
+    Rostenkowski predicted the tax increase will concentrate on
+increases in federal excise taxes while leaving the income tax
+intact.
+    The taxwriters will not consider delaying the income tax
+rate cuts for upper income persons scheduled to take effect in
+1988, he said. The top rate will fall from 38.5 pct to 28 pct
+next year.
+    In addition, he said "they don't have the energy or appetite
+to endorse a radical new tax like a VAT (value added tax),"
+which he also opposes. "The real question is where the
+Republicans will be when the tough vote comes," he said.
+    Rostenkowski said his committee will not approve any tax
+credits to provide incentives for exports as part of a tax or
+trade bill this year.
+    He added that no extension or expansion of the research and
+development tax credit for business is expected since it would
+cost billions of dollars.
+    And, Rostenkowski told the tax executives that Howard Baker
+as Reagan's chief of staff would make it more likely the White
+House will ultimately back a tax increase this year. "There are
+strong suspicions that the Baker boys will lead the president
+down the slippery slope of moderation," he said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11111" NEWID="6197">
+<DATE>17-MAR-1987 14:38:53.25</DATE>
+<TOPICS><D>housing</D><D>interest</D><D>gnp</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f6218&#31;reute
+r f BC-U.S.-HOUSING-DATA-FAI   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSING DATA FAIL TO CLARIFY ECONOMIC PATH</TITLE>
+<AUTHOR>    By Claire Miller, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Surprisingly strong U.S. housing
+statistics for February cannot be taken as an indication that
+the economy is generating any momentum and are not sufficient
+cause to start lifting forecasts for first quarter growth,
+economists said.
+    Building was boosted by two factors last month, unusually
+mild weather and low mortgage rates. But economists said that
+seasonal factors make it hard to assess what spur to the
+economy, if any, will come from housing in coming months. And
+after a steady retreat, mortgage rates seem to be near bottom.
+    U.S. housing starts rose 2.6 pct in February to a
+seasonally adjusted annual rate of 1.851 mln units from 1.804
+mln in January. It was the highest pace for starts since April
+1986.
+    The rate at which permits were issued for future building
+climbed 4.4 pct to a seasonally adjusted annual rate of 1.764
+mln units after dropping 11.52 pct to 1.690 mln in January.
+    "February's weather is usually more adverse for home
+building. Because of seasonal factors it's difficult to
+determine what this means for the economy down the road," said
+Allan Leslie of Discount Corp.
+    The housing report is seasonally-weighted to compensate for
+weather-related setbacks. As a result, milder temperatures
+inflate the statistics.
+    Economists said that low mortgage rates also were a spur to
+building last month. But several believe that rates will now
+consolidate before edging up in late spring/early summer.
+    "Builders are looking at current mortgage rates and saying
+'Let's do it now'," said Mark Obrinsky of the U.S. League of
+Savings Institutions in Washington, whose members supply much
+of the financing for home building.
+    But Obrinsky doubts that there is much more downward
+potential for rates because he foresees higher inflation and 
+some overall improvement in the U.S. economy.
+    He expects rates to gain 50 to 100 basis points in early
+summer from the 9.50 pct fixed rate effective in February. Last
+November, fixed rate mortgages were about 10.30 pct.
+    As expected, the strength in housing was concentrated in
+the single-family sector. The multi-family area -- which
+typically represents rental units -- remained weak due to high
+vacancy rates and increased capital costs of such units
+following tax law changes effective January 1.
+    Single-family starts rose at a 5.6 pct annual pace to 1.317
+mln units. Multi-family fell 4.1 pct to a 534,000 rate.
+    "Strength in the single-family sector indicates that low
+mortgage rates are doing their job. But we're probably not
+looking at a great deal of growth potential," said Ward
+McCarthy of Merrill Lynch Capital Markets.
+    McCarthy noted that the housing report, together with
+larger than expected gains in U.S. employment, industrial
+output and retail sales in February, may cause some observers
+to start waving "four pct GNP banners" for the first quarter.
+Gross national product grew 1.3 pct in the fourth quarter.
+    But McCarthy, who still expects first quarter real GNP to
+come in at an annual rate of 2.5 pct or slightly above, is not
+convinced that growth will pick up in future.
+    "The big story is the inventory re-building that's going on
+now, not all of which is intentional," he said. For example,
+U.S. automakers, who are already saddled with high stocks,
+produced at an annual rate of 8.3 mln units in February
+compared with domestic car sales of 7.3 mln.
+    Thus while inventories could contribute to GNP in the first
+quarter, they may result in scaled-back production and weaker
+growth in the second, he said.
+    "If most of the first quarter growth is inventory building
+and we cannot identify any improvement in export demand, then
+there is the potential for softness in the second quarter,"
+agreed Allan Leslie of Discount Corp. He is still evaluating
+first quarter GNP prospects.
+    Federal Reserve chairman Paul Volcker said last week that
+current data do not show the worsening in trade has reversed.
+    "At the same time that we are pumping up inventories in the
+first quarter, we could foresee production slowing in the
+second," cautioned Joe Plocek of McCarthy, Crisanti and Maffei
+Inc, who expects first quarter growth of about three pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11112" NEWID="6198">
+<DATE>17-MAR-1987 14:39:00.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6219&#31;reute
+r f BC-PUBLIC-SERVICE-ENTERP   03-17 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLIC SERVICE ENTERPRISE &lt;PEG> TWO MTHS NET</TITLE>
+<DATELINE>    NEWARK, N.J., March 17 - </DATELINE><BODY>Periods ended February 28
+    Shr 89 cts vs 87 cts
+    Net 119.5 mln vs 114.6 mln
+    Revs 872.3 mln vs 917.4 mln
+    Avg shrs 134.9 mln vs 131.7 mln
+    12 mths
+    Shr 2.87 dlrs vs 3.32 dlrs
+    Net 383.4 mln vs 413.5 mln
+    Revs 4.5 billion vs 4.4 billion
+    Avg shrs 133.7 mln vs 124.7 mln
+    NOTES: Year ago results restated to reflect application of
+new accounting for disallowances
+    Full name is Public Service Enterprise Group Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11113" NEWID="6199">
+<DATE>17-MAR-1987 14:39:12.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6220&#31;reute
+r f BC-PENTRON-CORP-&lt;PEN>-UN   03-17 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTRON CORP &lt;PEN> UNIT TO BUY ICE CREATIONS</TITLE>
+<DATELINE>    WALNUT CREEK, Calif., March 17 - </DATELINE><BODY>Pentron Corp said its
+Rotational Molding Inc unit has purchased privately held Ice
+Creations Unlimited for an undisclosed amount of cash and other
+considerations.
+    The company said Ice Creations had sales of 1.2 mln dlrs in
+the year ended May 31, 1986.
+    Ice creations is a molder of plastics.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11114" NEWID="6200">
+<DATE>17-MAR-1987 14:41:21.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6226&#31;reute
+d f BC-PENNWALT-&lt;PSM>-BUYS-I   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNWALT &lt;PSM> BUYS ITS PREFERRED FROM ANSCHUTZ</TITLE>
+<DATELINE>    PHILADELPHIA, March 17 - </DATELINE><BODY>Pennwalt Corp said it bought all
+outstanding shares of its third series cumulative convertible
+preferred stock from &lt;Anschutz Corp>.
+    According to a standstill agreement reached in 1985,
+Pennwalt said Anschutz received a 6.25 pct unsecured promissory
+note in the face amount of 138.9 mln dlrs for the 28,054
+preferred shares it held.
+    The company said 50 pct of the note, due August three, will
+be paid with the proceeds from its common stock offering
+earlier this month. The remainder of the note will be paid from
+borrowings under existing credit facilities, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11115" NEWID="6201">
+<DATE>17-MAR-1987 14:43:54.92</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f6232&#31;reute
+u f BC-U.K.-OIL-REVENUE-FORE   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. OIL REVENUE FORECAST TO FALL IN 1987/88</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The U.K. Government forecasts that oil
+revenues will fall to four billion stg in the fiscal year
+1987/88, from 4.75 billion in 1986/87 and 11.5 billion in
+1985/86.
+    The forecast came in the Treasury's Financial Statement and
+Budget Report issued after the Chancellor of the Exchequer
+Nigel Lawson's annual budget statement to parliament.
+    The government is assuming the price of oil will average 15
+dlrs a barrel, in line with its earlier forecasts, and its oil
+revenue calculation is based on an exchange rate remaining
+close to current levels, the Treasury document said.
+    The Treasury said the 1987/88 oil revenue shortfall will
+reflect the oil price fall of 1986, as North Sea corporation
+tax is paid after a time lag.
+    The statement calculated that a one dlr a barrel difference
+in oil prices this year will change revenue by about 350 mln
+stg for the current fiscal year, and 400 mln stg in a full
+year.
+    Oil production is forecast to fall slightly in 1987,
+according to the statement. A change in one mln tonnes in
+production would alter revenue by about 45 mln stg in 1987/88
+and 50 mln stg in a full year, it added.
+    Total general government receipts for 1986/87 are now
+estimated to be 159.2 billion stg, 2.75 billion more than the
+1986 Budget forecasts and above the Autumn Statement forecasts,
+despite a shortfall of 1.25 billlion in oil receipts.
+    Additional non-North Sea corporation tax of 1.75 billion
+stg and VAT of 750 mln stg account for the bulk of the
+overshoot.
+    Total general government receipts were forecast to rise to
+168.8 billion stg in fiscal 1987/88, and among the main items,
+besides diminishing oil revenues, were projected income tax of
+40 billion stg, up from 38.4 billion in the current year.
+    Non-North Sea corporation tax is forecast to bring in 13.5
+billion stg in 1987/88, after the revised 11.2 billion in
+1986/87, and VAT revenue should amount to 23.3 billion,
+compared with upwardly revised estimated 21.5 billion this
+fiscal year.
+    The general government expenditure for the coming fiscal
+year is expected to total 173.5 billion stg, up from a revised
+164.9 billion in the current year.
+    A repayment of 800 mln on public corporations' market and
+overseas borrowings is forecast to bring the total Public
+Sector Borrowing Requirement down to 3.9 billion stg in
+1987/88, from this year's revised 4.1 billion, the Treasury
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11116" NEWID="6202">
+<DATE>17-MAR-1987 14:47:24.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6237&#31;reute
+b f BC-REYNOLD-METALS-&lt;RLM>   03-17 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REYNOLD METALS &lt;RLM> UP ON FURMAN SELZ REPORT</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Shares of Reynolds Metals Co rose
+sharply after Wall Street firm Furman Selz Mager Dietz and
+Birney issued a report focusing on the strong earnings
+potential from the company's Australian gold holding, traders
+familiar with the report said.
+    Traders said the report notes that earnings from Australian
+gold holdings could be worth about 35 cts to 55 cts a share
+this year and 1.40 dlrs to two dlrs a share in 1988.
+    Reynolds Metals rose three points to 59-5/8 on volume of
+729,500 shares.
+    Reynolds owns stakes in the Mount Gibson gold project and
+the Boddington gold project, both located in Australia. An
+analyst familiar with the two mines said "the properties,
+together, have a potential value of 20 dlrs to 40 dlrs a share
+for Reynolds."
+    The analyst, who asked not to be identified, said the rise
+in the stock today was likely the result of "U.S. investors
+that were not completely cognizant of the size or the
+importance of the (Reynolds') holdings in Australia."
+    Traders said the Furman Selz report indicates that gold was
+discovered mixed with bauxite in the Boddington mine.
+Boddington is principally a bauxite mine.
+    The traders said the report goes on to say that the profits
+from the Boddington gold with substantially reduce the
+production costs of the other metals mined at Boddington.
+    Traders said Furman Selz also boosted its earnings
+estimates, expecting Reynolds Metals to earn 4.10 dlr a share
+in 1987 and eight dlrs a share in 1988.
+    Last year, Reynolds reported net earnings of 8.18 dlrs a
+share, which included 3.09 dlrs a share for adoption of new
+accounting rules, 1.01 dlrs a share for tax loss carryforwards
+and other extraordinary items.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11117" NEWID="6203">
+<DATE>17-MAR-1987 14:47:51.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f6240&#31;reute
+u f BC-ALCAN-(AL)-SETS-POSSI   03-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN &lt;AL> MAY MAKE SHARE ISSUES</TITLE>
+<DATELINE>    MONTREAL, March 17 - </DATELINE><BODY>Alcan Aluminium Ltd said it may issue
+up to two mln first preferred shares in addition to an
+unlimited number of additional common shares and an unlimited
+number of additional preference shares at any time after its
+proposed reorganization.
+    In a proxy statement, the company said shareholders are to
+vote on the reorganization, which would result in Alcan's
+wholly-owned Aluminum Co of Canada Ltd unit replacing Alcan
+Aluminium as the group's parent company, at the April 23 annual
+meeting. The new company will keep the Alcan Aluminium Ltd
+name.
+    Alcan said it has no plans to immediately issue any of the
+additional shares.
+    The company has said it is undertaking the reorganization
+mainly to streamline management and give Alcan a stronger and
+more stable financing base by making the new Alcan a major
+operating company as well as a holding and management company.
+    "In an increasingly global capital market, this new
+structure should also provide for greater flexibility in
+financing the Alcan group," the company said.
+    Alcan's current only outstanding securities are common
+shares while the new company would have outstanding securities
+of common, preferred and preference shares, and its debt.
+    Each shareholder would automatically become a shareholder
+in the new company without exchanging share certificates.
+    Alcan later said it has a provision identical to the one
+detailed in the proxy statement allowing for the issue of
+preferred, common and preference shares, in its existing
+corporate structure.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11101" NEWID="6204">
+<DATE>17-MAR-1987 14:48:45.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6246&#31;reute
+d f BC-CORRECTION---SIMMONS   03-17 0028</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - SIMMONS AIRLINES INC &lt;SIMM> LOSS
+    In CHICAGO item headlined Simmons Airlines Inc &lt;SIMM> 2nd
+qtr loss, please reverse qtrs for which figures are reported.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11118" NEWID="6205">
+<DATE>17-MAR-1987 14:50:08.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6252&#31;reute
+u f BC-WESTERN-FEDERAL-SAVIN   03-17 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN FEDERAL SAVINGS BANK &lt;WFPR> UPS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Qtly div 15 cts vs 12-1/2 cts prior
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11119" NEWID="6206">
+<DATE>17-MAR-1987 14:50:56.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6256&#31;reute
+u f BC-NASDAQ-HALT---ALLEGHE   03-17 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NASDAQ HALT - ALLEGHENY BEVERAGE CORP &lt;ABEV>, NEWS PENDING,LAST 4-3/4
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11120" NEWID="6207">
+<DATE>17-MAR-1987 14:51:52.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f6258&#31;reute
+r f BC-HYDRO-QUEBEC-IN-HEARI   03-17 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYDRO-QUEBEC IN HEARINGS FOR U.S. POWER EXPORTS</TITLE>
+<DATELINE>    MONTREAL, March 17 - </DATELINE><BODY>Hydro-Quebec, the provincially-owned
+utility, said it is appearing this week before the National
+Energy Board to defend its application to export about five
+billion Canadian dlrs worth of electricity to the New England
+states.
+    The contract with the New England Power Pool was signed in
+1985 and runs from 1990 to 1999. A spokesman for the Quebec
+utility said hearings are normally held on major contracts up
+to two years after the deal is signed.
+    Hydro-Quebec, which last month agreed to sell 15 billion
+dlrs worth of power to Maine starting in 1992, has to convince
+the board the electricity is surplus to Canadian needs.
+    Utilities in at least three Canadian provinces have said
+they are opposing the New England deal. The Ontario and New
+Brunswick utilities said they are objecting because
+Hydro-Quebec did not offer them the electricity before going to
+the New England Power Pool. New Brunswick said it is also
+concerned that Hydro-Quebec is taking all the U.S. export
+markets.
+    Hydro-Quebec spokesman Maurice Hebert said several
+provinces, including Newfoundland which wants to renogotiate a
+power agreement with Quebec, routinely oppose the Quebec
+utility's export contracts.
+    Hebert said the National Energy Board has ordered changes
+to contracts in the past but has always left the agreements
+essentially intact.
+    He said the utility was not prepared to comment on whether
+it believed the board would call for substantial changes to the
+agreement with New England.
+    He said the hearings, which began today, will probably last
+two or three days and a decision made in about two weeks.
+    Hydro-Quebec has recently been trying to move from export
+contracts for surplus energy to contracts for guaranteed
+amounts of energy, such as the deal signed with Maine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11121" NEWID="6208">
+<DATE>17-MAR-1987 14:53:16.29</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D><D>oapec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f6264&#31;reute
+d f AM-COMMUNITY-FARM   03-17 0145</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC WANTS 18 DLR OIL PRICE - OAPEC OFFICIAL</TITLE>
+<DATELINE>    BRUSSELS, March 17 - </DATELINE><BODY>OPEC believes world oil prices should
+be set around a fixed average price of 18 dlrs a barrel, OAPEC
+Assistant General Secretary Abdelaziz Al-Wattari said.
+    In a speech to a European Community/OAPEC/OPEC seminar in
+Luxembourg released here, Al-Wattari said, "OPEC believes ...the
+world energy trade should be kept without restrictions and
+should be built around a fixed average price of 18 dlrs."
+    Al-Wattari noted that total OPEC output was below the
+organization's agreed ceiling for all member countries in
+February, although this had meant sacrifices. The effect of
+these sacrifices meant that market stability, though restored
+to a good level, was still under pressure, Al-Wattari said.
+    "A lasting stability in the world market requires a wider
+scope of international cooperation," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11122" NEWID="6209">
+<DATE>17-MAR-1987 14:54:53.19</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6266&#31;reute
+u f BC-/U.S.-HOUSE-APPROVES   03-17 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE APPROVES PILOT 0/92 DISASTER PROGRAM</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The House of Representatives
+approved a bill to enable 1987 winter wheat and feedgrains
+farmers hit by midwestern flooding last year to receive at
+least 92 pct of their federal income support payments even if
+they did not plant.
+    The one-time pilot 0/92 program, designed to assist farmers
+in Kansas, Oklahoma, Michigan and parts of Missouri, was passed
+by a 304-100 vote and sent to the Senate.
+    Although the bill includes a narrow version of the 0/92
+provision endorsed by the Reagan administration, the U.S.
+Agriculture Department withheld its support from the measure.
+    USDA said the bill would discourage farmers from buying
+crop insurance and fall short of the administration's proposed
+broad-scale revision of farm programs.
+    The bill would permit winter wheat producers prevented from
+planting their 1987 crop last fall to receive 92 pct of the
+deficiency payments they would have received.
+    To be eligible, winter wheat farmers could not plant a
+different crop on that land this spring, although they could
+use the land for grazing or to plant hay.
+    USDA estimated this provision would save 30 mln dlrs,
+largely because of reduced crop forfeitures.
+    The bill also would aid about 200 feedgrains producers
+along the Missouri and Mississippi Rivers who were prevented
+from planting crops this year because of residual damage from
+last fall's flooding.
+    In addition, the measure would require USDA to make full
+payment to farmers eligible for emergency assistance approved
+by Congress last fall.
+    Currently, because claims have outstripped the 400 mln dlrs
+in appropriated funds, USDA plans to offer farmers in the
+region 74 cents for every dollar in disaster losses.
+    The administration said it opposed the bill because, by
+expanding the 400 mln dlrs in disaster relief, it would thwart
+efforts to encourage farmers to buy crop insurance as an
+alternative to federal disaster assistance.
+    USDA also said the 0/92 provisions in the bill were
+narrower than the administration's proposal to offer the option
+to all major commodities and would produce insignificant
+savings.
+    USDA said the 0/92 option for 1987 winter wheat farmers
+would produce a net savings of about 30 mln dlrs, while the
+requirement to compensate fully disaster-struck farmers would
+cost about 135 mln dlrs, which must be appropriated by
+Congress. The feedgrains provision would cost about five mln
+dlrs.
+    USDA estimated the overall cost of the bill to be 111 mln
+dlrs.
+    In January the Senate approved a bill that would make 1987
+winter wheat farmers eligible for disaster assistance payments.
+    But the Senate bill would not offer the 0/92 option to
+wheat and feedgrains producers or raise the 400-mln dlr ceiling
+on the disaster assistance program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11123" NEWID="6210">
+<DATE>17-MAR-1987 14:56:12.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6268&#31;reute
+d f BC-SIMMONS-&lt;SIMM>-FEBRUA   03-17 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIMMONS &lt;SIMM> FEBRUARY LOAD FACTOR DECLINES</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Simmons Airlines Inc said its load
+factor for February declines to 41.8 pct from 46.1 pct a year
+ago.
+    Traffic increased 31.3 pct to 15 mln revenue passenger
+miles from 11.4 mln, while capacity increased 45.1 pct to 35.8
+mln available seat miles from 24.7 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11124" NEWID="6211">
+<DATE>17-MAR-1987 14:56:33.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6269&#31;reute
+r f BC-DIODES-INC-&lt;DIO>-3RD   03-17 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIODES INC &lt;DIO> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    CHATSWORTH, Calif., March 17 -
+    </DATELINE><BODY>Shr profit one cts vs profit four cts
+    Net profit 27,490 vs 89,687
+    Sales 2,899,189 vs 2,785,931
+    Nine mths
+    Shr loss four cts vs profit nine cts
+    Net loss 78,038 vs profit 184,062
+    Sales 8,785,918 vs 8,273,913
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11125" NEWID="6212">
+<DATE>17-MAR-1987 15:03:42.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6297&#31;reute
+f f BC-******ALLEGHENY-BEVER   03-17 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALLEGHENY BEVERAGE SAYS GROUP INTERESTED IN ACQUIRING ITS SERVICE AMERICA CORP UNIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11126" NEWID="6213">
+<DATE>17-MAR-1987 15:06:41.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6307&#31;reute
+r f BC-MONY-REAL-ESTATE-INVE   03-17 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONY REAL ESTATE INVESTORS &lt;MYM> 3RD QTR FEB 28</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Oper shr nine cts vs 128 cts
+    Qtly div 18 cts vs 22 cts prior
+    Oper net 951,000 vs 1,817,000
+    Total income 5,010,000 vs 5,575,000
+    Nine mths
+    Oper shr 39 cts vs 59 cts
+    Oper net 4,014,000 vs 5,936,000
+    Total income 15.2 mln vs 16.7 mln
+    NOTE: Current year net both periods includes 750,000 dslr
+provision for possible losses.
+    Net excludes gains from sale of investment of 1,461,000
+dlrs vs 346,000 dlrs in quarter and in nine mths.
+    Dividend pay April 15, record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11127" NEWID="6214">
+<DATE>17-MAR-1987 15:08:35.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6310&#31;reute
+u f BC-HILTON-&lt;HLT>-SEES-IMP   03-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HILTON &lt;HLT> SEES IMPROVED FIRST QUARTER PROFITS</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Hilton Hotels Corp expects earnings
+per share for first quarter fiscal 1987 to March 31 to be about
+90 cts compared with 70 cts a year earlier, Hilton Hotels
+division president Carl Mottek said.
+    He told a news conference the company expected costs for
+its first 10 all-suite hotels, announced today, to be about 150
+mln dlrs. Initial financing would come from the company's cash
+flow. Later, Hilton plans to use borrowings from traditional
+sources, he added.
+    Hilton, which hopes to build 50 all-suite hotels within
+five years, may take in partners in the new venture, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11128" NEWID="6215">
+<DATE>17-MAR-1987 15:09:25.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6313&#31;reute
+u f BC-H.J.-HEINZ-&lt;HNZ>-POIS   03-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.J. HEINZ &lt;HNZ> POISED FOR RECORD YEAR</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>H.J. Heinz Co is "within sight of our
+22nd consecutive year of new records in financial growth" for
+the fiscal year ending April 30, Chairman and Chief Executive
+Officer Anthony O'Reilly told investment analysts.
+    O'Reilly, who declined to make a specific projection, said
+the food company is "stronger than at any time in its 118-year
+history."
+    Last week Heinz reported third-quarter earnings rose to 55
+cts a share from 46 cts a share. Sales rose to 1.08 billion
+dlrs from 1.01 billion dlrs a year earlier.
+    O'Reilly said Heinz will concentrate on backing its big
+brands, new products and services, new geography, internal
+growth and acquisitions.
+    He said Heinz Ketchup has its highest market share in
+history, 55 pct. But in response to a question, the executive
+said a volume falloff in the overall product category "is a
+concern to us."
+    O'Reilly said Weight Watchers continues to perform well and
+will generate revenue in fiscal 1987 of approximately 940 mln
+dlrs.
+    O'Reilly told analysts Heinz is in active negotiations to
+build a second plant in China, where it entered a joint venture
+with the government in 1984, forming Heinz-UFE Ltd, which
+produces dry baby food cereal.
+    He said Heinz-Japan is "making a profit and generating its
+first substantial dividends," and implementation of a new
+partnership, Seoul-Heinz Ltd, is moving ahead with a new
+manufacturing plant targeted for completion by June in Seoul,
+South Korea.
+    To increase its competitiveness, O'Reilly said Heinz
+implemented a "lowest cost imaginable" program targeted at
+manufacturing, sales and marketing and procurement.
+    He said a modernization program is in effect at the
+company's United Kingdom operations, where the labor force,
+trimmed to 4,000 from 10,000, is expected to be further reduced
+to 2,500 in 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11129" NEWID="6216">
+<DATE>17-MAR-1987 15:10:38.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6315&#31;reute
+u f BC-U.S.-ATTORNEY-INDICTE   03-17 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ATTORNEY INDICTED IN INSIDER SCHEME</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>An attorney was named today in a
+24-count federal indictment alleging he initiated an insider
+trading scheme which allowed friends and relatives to make
+nearly 1.5 mln dlrs in illegal profits on non-public knowledge
+of a corporate restructuring.
+    Israel G. Grossman, 34, who had been a pension specialist
+for the New York firm of Kramer, Levin, Nessen and Kamin,
+allegedly stole information from the firm involving the
+recapitalization of Colt Industries Inc &lt;COT> last July.
+    Grossman, who was arrested February 17, allegedly enabled
+three individuals whom he alerted to purchase 1,006 colt call
+options for 33,938 dlrs.
+    July 21, the day after the Colt recapitalization was
+announced, its common stock rose almost 27 points. The options
+increased to a value of about 1.5 mln dlrs, according to
+Rudolph Giuliani, U.S. Attorney in Manhattan, who announced the
+indictment today.
+    Grossman is charged with 12 counts of mail fraid and 12
+counts of securities fraud. If convicted, he could be sentenced
+to a maximum of 120 years in jail and fined a total of six mln
+dlrs.
+    Grossman resigned from the law firm following his arrest.
+He is scheduled to enter a plea March 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11130" NEWID="6217">
+<DATE>17-MAR-1987 15:11:31.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6319&#31;reute
+b f BC-/ALLEGHENY-BEVERAGE-&lt;   03-17 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY BEVERAGE &lt;ABEV> EXPLORES UNIT SALE</TITLE>
+<DATELINE>    CHEVERLY, Md., March 17 - </DATELINE><BODY>Allegheny Beverage Corp said it
+has been approached by a group interested in acquiring its
+foodservice unit, Service America Corp.
+    The group includes senior management of Service America but
+no officers of Allegheny Beverage, the company said.
+    The company has agreed to permit the group and its
+potential lenders to perform a due diligence review of Service
+America, it said.
+    Allegheny noted it had previously cancelled plans to spin
+off the foodservice subsidiary.
+    The company said the group's review is preliminary and
+there is no assurance that an acquisition proposal will be made
+or, if made, accepted.
+    Service America had fiscal 1986 revenues of about 934 mln
+dlrs, or about 83 pct of Allegheny Beverage's total revenues of
+1.13 billion dlrs for the year ended March 29, 1986, a
+spokesman for Allegheny Beverage said.
+    He declined to identify the Service America officials in
+the acquisition group.
+    On Feb 18, 1987, Allegheny said it was cancelling the spin
+off of Service America, but gave no reason for doing so. It
+said it would place major emphasis on managing Service America
+to improve operations and increase earnings at the unit.
+    Service America, which Allegheny acquired in May 1985,
+operates cafeterias and food and beverage vending machines.
+Through other subsidiaries, Allegheny provides coin-operated
+laundry services, building maintenance services and retail
+office and furniture operations.
+    In fiscal 1986, Allegheny reported earnings from continuing
+operations of 8.2 mln dlrs or 1.09 dlrs a fully diluted share,
+excluding income of 59.7 mln dlrs from discontinued operations
+and an extraordinary loss of 8.1 mln dlrs. In May 1985,
+Allegheny sold its Pepsi-Cola Bottling Co unit to Pepsico Inc
+&lt;PEP> for 160 mln dlrs.
+    Including discontinued operations and the special item, net
+income was 59.8 mln dlrs or 6.21 dlrs a share fully diluted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11131" NEWID="6218">
+<DATE>17-MAR-1987 15:12:09.00</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f6323&#31;reute
+r f BC-INSPIRATION-&lt;IRC>-IN   03-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSPIRATION &lt;IRC> IN CANADIAN GOLD FIND</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Inspiration Resources Corp said a gold
+project in northern Manitoba in which it has a 44.8 pct
+interest has yielded estimated total reserves of 1,580,000
+short tons grading an average 0.185 ounce of gold per ton.
+    The company said &lt;Manitoba Mineral Resources Ltd> owns the
+remaining interest in the project, which is located about 25
+miles east of Lynn Lake.
+    Inspiration said the project has proven reserves of 538,000
+tons assayed at 0.212 ounce of gold per ton, probable reserves
+of 686,000 tons at 0.166 ounce and possible reserves of 355,000
+tons at 0.183 ounce.
+    Inspiration said a production decision is expected to be
+made in 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11132" NEWID="6219">
+<DATE>17-MAR-1987 15:14:03.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f6330&#31;reute
+r f BC-VALERO-&lt;VLO>-PREFERRE   03-17 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALERO &lt;VLO> PREFERRED STOCK UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Standard and Poor's Corp said it
+raised to B from B-minus Valero Energy Corp's preferred stock.
+    Also, the rating agency affirmed Valero's BB-minus
+industrial revenue bonds and B-rated debentures. About 950 mln
+dlrs of long-term debt is outstanding.
+    S and P said Valero's financial flexibility would improve
+as the company plans to use proceeds of roughly 760 mln dlrs
+from a proposed sale of natural gas operations to reduce debt.
+Pro forma debt leverage drops to about 30 pct from 67 pct at
+September 30, 1986. But S and P said Valero's refining segment
+has been unable to consistently generate operating profits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11133" NEWID="6220">
+<DATE>17-MAR-1987 15:19:23.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6347&#31;reute
+r f BC-MARCOR-&lt;MAAR>-EXPECTS   03-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARCOR &lt;MAAR> EXPECTS FISCAL YEAR PROFIT</TITLE>
+<DATELINE>    LAS VEGAS, Nev., March 17 - </DATELINE><BODY>MarCor Development Co Inc said
+it expects to post a profit for its fiscal year ended February
+28 of about two mln dlrs, compared to a year earlier loss of
+3.2 mln dlrs.
+    During the prior year the company operated as F and M
+Importing, a publicly-held wholesale food distributor.
+    During March last year privately-held Marcor acquired a
+controlling interest in F and M Importing, divested the food
+business, renamed the company and began operating as a real
+estate investment and service company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11134" NEWID="6221">
+<DATE>17-MAR-1987 15:20:51.24</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>honduras</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f6349&#31;reute
+u f BC-HONDURAS-AUTHORIZED-T   03-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONDURAS AUTHORIZED TO BUY PL 480 COMMODITIES</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Honduras has been authorized to buy
+about 75,000 tonnes of U.S. wheat, about 15,000 tonnes of U.S.
+corn, and about 6,000 tonnes of U.S. tallow under an existing
+PL 480 agreement, the U.S. Agriculture Department said.
+    The department said it may buy the wheat, valued at 8.5 mln
+dlrs, the corn, valued at 1.5 mln, and the tallow, valued at
+2.0 mln dlrs, between March 24 and August 31, 1987, and ship it
+from U.S. ports and/or Canadian transshipment points by this
+September 30.
+    The purchase authorizations cover the entire quantity
+provided under the agreement, signed March 11.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11135" NEWID="6222">
+<DATE>17-MAR-1987 15:20:59.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6350&#31;reute
+u f BC-valley-resources-(vr)   03-17 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALLEY RESOURCES (VR) SETS STOCK SPLIT, UPS PAYOUT</TITLE>
+<DATELINE>    CUMBERLAND, R.I., March 13 - </DATELINE><BODY>Valley Resources Inc said its
+board declared a three-for-two stock split and raised the
+quarterly cash dividend on the pre-split shares to 42 cts from
+38 cts.
+    The company said both the split and the dividend are
+payable April 15 to holders of record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11136" NEWID="6223">
+<DATE>17-MAR-1987 15:21:18.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6351&#31;reute
+r f BC-CROSS-BOOSTS-FROST-AN   03-17 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CROSS BOOSTS FROST AND SULLIVAN &lt;FRSL> HOLDINGS</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>A shareholder group led by New York
+investor Theodore Cross said in a Securities and Exchange
+Commission filing that it boosted its stake in Frost and
+Sullivan Inc common stock to 208,800 shares or 13.7 pct of the
+total outstanding.
+    The group said Cross bought 17,000 shares in the open
+market between Feb. 17 and March 10.
+    The group had said previously that its Frost and Sullivan
+share purchases were for investment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11137" NEWID="6224">
+<DATE>17-MAR-1987 15:22:59.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6355&#31;reute
+r f BC-CHAMPION-HOME-&lt;CHB>-S   03-17 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAMPION HOME &lt;CHB> SETS UP UNIT</TITLE>
+<DATELINE>    DRYDEN, Mich., March 17 - </DATELINE><BODY>Champion Home Builders Co, as
+part of a previously announced reorganization, said it set up a
+subsidiary to handle two of its operations.
+    The company transferred its recreational vehicle and
+commercial bus manufacturing operations to a new, wholly owned
+subsidiary, Champion Motor Coach Inc.
+    Total sales from the three manufacturing plants comprising
+the new unit totaled 50 mln dlrs for the fiscal year ended
+February 27.
+    Champion Home previously said it was reorganizing its
+business units into a new holding company structure. The
+holding company will be called Champion Enterprises Inc,
+subject to shareholder approval at the company's late June
+annual meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11138" NEWID="6225">
+<DATE>17-MAR-1987 15:23:57.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f6360&#31;reute
+u f AM-peru-firms   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU TO SELL 40 STATE FIRMS TO CUT BUDGET DEFICIT</TITLE>
+<DATELINE>    Lima, march 17 - </DATELINE><BODY>peru will sell about 40 state-owned firms
+to trim a projected 740 mln dlrs loss this year among
+government-owned companies.
+    Some companies would be sold in their entirety and others
+would be privatised only partially, according to jose palomino,
+president of the government's state company holding firm, the
+national development council (conade).
+     He told reporters in a radio interview that the aim was to
+slim a projected public sector firm deficit of 11 billion
+intis. He did not say if foreigners would be allowed to buy all
+or part of the companies.
+    Independent economists warn that the deficit could push
+inflation to between 60 and 100 pct in 1987, against the
+govenment target of 40-50 pct.
+    Palomino said aeroperu, the government flagship airline
+with a 10-jet fleet, would issue stock for purchase by private
+investors. The company in 1986 registered its first profit in
+eight years, earning about 44.6 mln intis in pre-tax profits.
+    Peru has about 140 non-financial state firms. Palomino said
+the government would soon publish a list of those to be sold,
+including those whose shares would be offered on the lima stock
+exchange.
+    Last november, palomino said conade's plans included the
+possible sale of a company producing palm oil and another
+manufacturing electrical appliances. Shares could also be sold
+in a copper mine, empresa nacional tintaya sa, in the southern
+state of  arequipa.
+    Neither Palomino nor conade's general manager, enrique
+estremadoyro, were available for comment on whether foreigners
+would be allowed to purchase the companies. Their secretaries
+said they were out of their offices.
+    Jose antonio almenara, the general manager of the lima
+stock exchange, where shares of the state-owned firms could be
+sold, told reuters that the only foreigners who could purchase
+stock at the exchange had to be tax-paying residents of peru.
+    He said foreign stockholders cannot remit profits abroad
+until at least july 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11139" NEWID="6226">
+<DATE>17-MAR-1987 15:25:00.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6362&#31;reute
+r f BC-DIEBOLD-&lt;DBD>-IN-PACT   03-17 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIEBOLD &lt;DBD> IN PACT WITH WANG &lt;WAN></TITLE>
+<DATELINE>    CANTON, Ohio, March 17 - </DATELINE><BODY>Diebold Inc said it signed an
+original equipment manfacturing agreement with Wang
+Laboratories Inc. Terms of the agreement were not disclosed.
+    Diebold said the agreement gives Wang the right to sell and
+support a variety of Diebold retail and electronic funds
+transfer systems to selected markets worldwide.
+    In a press release, Wang hailed the agrement as a "major
+milestone in Wang's strategy to become a supplier of both
+transaction and data processing systems to the financial
+market."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11140" NEWID="6227">
+<DATE>17-MAR-1987 15:25:50.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6367&#31;reute
+w f BC-INTERDYNE-CO-&lt;IDYN>-1   03-17 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERDYNE CO &lt;IDYN> 1ST QTR FEB 1 LOSS</TITLE>
+<DATELINE>    MILPITAS, Calif., March 17 -
+    </DATELINE><BODY>Shr loss 28 cts vs loss 80 cts
+    Net loss 2,150,000 vs loss 3,722,000
+    Sales 1,478,000 vs loss 2,097,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11141" NEWID="6228">
+<DATE>17-MAR-1987 15:26:13.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6368&#31;reute
+r f BC-SEARS-&lt;S>-REAL-ESTATE   03-17 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> REAL ESTATE UNIT BUSINESS IMPROVES</TITLE>
+<DATELINE>    LOS ANGELES, March 17 - </DATELINE><BODY>The Coldwell Banker Commercial Real
+Estate Services unit of Sears Roebuck and Co said it recorded
+1986 real estate sales and leases totaling 17.7 billion dlrs,
+compared with 15.4 billion in 1985.
+    Some 62.1 pct of the volume was in leases and the remainder
+in sales, the company said.
+    It also said sales and leases in office building properties
+accounted for about about 7.8 bilion dlrs, industrial sales and
+leases accounted for about 4.9 bilion and commercial/retail 3.5
+billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11142" NEWID="6229">
+<DATE>17-MAR-1987 15:27:18.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6372&#31;reute
+r f BC-TERUMO-CORP-IN-75-MLN   03-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TERUMO CORP IN 75 MLN DLR EXPANSION IN MARYLAND</TITLE>
+<DATELINE>    ANNAPOLIS, Md., March 17 - </DATELINE><BODY>&lt;Terumo Corp of Tokyo> has
+committed 75 mln dlrs to the expansion of its medical products
+manufacturing and research development facility in Elkton, Md.,
+said Gov. William Donald Schaefer in a press release.
+    Terumo, which operates in Maryland as Terumo Medical Corp,
+is the largest manufacturer of disposable medical products in
+Japan.
+    The release said Terumo bought a 25-acrte site and will
+build a 300,000-square-foot plant to manufacture its line of
+digital therometers. It said the company plans to add 166 new
+employees when the facility is completed later this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11143" NEWID="6230">
+<DATE>17-MAR-1987 15:27:55.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f6373&#31;reute
+r f BC-DANA-&lt;DCN>-DEBT-MAY-B   03-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANA &lt;DCN> DEBT MAY BE DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade 700 mln dlrs of debt of Dana Corp and its unit,
+Dana Credit Corp.
+    The agency said its review would focus on the implications
+of Dana's aggressive balance sheet management on liquidity and
+financial flexibility. Moody's will also take into account
+intensifying competition and pricing difficulties in Dana's
+highly cyclical core truck and industrial markets.
+    Dana currently carries A-2 senior debt and industrial
+revenue bonds. The Prime-1 commercial paper of Dana and its
+credit unit are also under review for possible downgrade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11144" NEWID="6231">
+<DATE>17-MAR-1987 15:28:27.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6376&#31;reute
+d f BC-KILLEARN-PROPERTIES-I   03-17 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KILLEARN PROPERTIES INC &lt;KPI> 3RD QTR NET</TITLE>
+<DATELINE>    TALLAHASSEE, Fla., March 17 -</DATELINE><BODY>Qtr ends Jan 31
+    Shr 23 cts vs eight cts
+    Net 309,963 vs 110,356
+    Revs 2,503,451 vs 1,351,076
+    Nine mths
+    Shr 62 cts vs 25 cts
+    Net 851,776 vs 331,666
+    Revs 6,739,351 vs 4,107,713
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11145" NEWID="6232">
+<DATE>17-MAR-1987 15:28:35.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6377&#31;reute
+h f BC-&lt;GATEWAY-MEDICAL-SYST   03-17 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GATEWAY MEDICAL SYSTEMS INC> 3RD QTR LOSS</TITLE>
+<DATELINE>    DALLAS, March 17 - </DATELINE><BODY>Period end Jan 31
+    Shr loss one cts vs profit eight cts
+    Net loss 52,198 vs profit 602,766
+    Revs 18.6 mln vs 7,833,424
+    Nine mths
+    Shr profit 10 cts vs profit six cts
+    Net profit 809,243 vs profit 393,372
+    Revs 36.3 mln vs 18.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11146" NEWID="6233">
+<DATE>17-MAR-1987 15:28:51.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6379&#31;reute
+h f BC-SPARTECH-CORP-&lt;SPTN>   03-17 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPARTECH CORP &lt;SPTN> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    ST LOUIS, March 17 -
+    </DATELINE><BODY>Shr two cts vs three cts
+    Net 369,000 vs 347,000
+    Revs 21.3 mln vs 14 mln
+    NOTE: Per shr reflects payment of preferred dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11147" NEWID="6234">
+<DATE>17-MAR-1987 15:29:15.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6382&#31;reute
+d f BC-ACADEMY-INSURANCE-GRO   03-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACADEMY INSURANCE GROUP INC &lt;ACIG> 4TH QTR NET</TITLE>
+<DATELINE>    VALLEY FORGE, Pa., March 17 -
+    </DATELINE><BODY>Shr profit two cts vs loss 1.05 dlrs
+    Net profit 1,666,000 vs loss 18,306,000
+    Revs 29.1 mln vs 28.3 mln
+    Avg shrs 69.1 mln vs 17.5 mln
+    Year
+    Shr loss 21 cts vs loss 2.72 dlrs
+    Net loss 7,571,000 vs loss 45,517,000
+    Revs 117.4 mln vs 123.3 mln
+    Avg shrs 35.4 mln vs 16.7 mln
+    NOTE: Results include losses of nil vs 473,000 dlrs, or
+three cts a share, in quarter and 921,000 dlrss, or three cts a
+share, vs 1,137,000 dlrs or seven cts a share, in year from
+discontinued operations
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11148" NEWID="6235">
+<DATE>17-MAR-1987 15:29:19.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6383&#31;reute
+s f BC-ESSEX-CHEMICAL-CORP-&lt;   03-17 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSEX CHEMICAL CORP &lt;ESX> REGULAR DIVIDEND</TITLE>
+<DATELINE>    CLIFTON, N.J., March 17 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts in prior qtr
+    Payable May 11
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11149" NEWID="6236">
+<DATE>17-MAR-1987 15:35:22.93</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6400&#31;reute
+f f BC-ussr-export-sale   03-17 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 350,000 TONNES CORN  SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11150" NEWID="6237">
+<DATE>17-MAR-1987 15:38:05.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6405&#31;reute
+r f BC-CALUMET-&lt;CALI>-GETS-4   03-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALUMET &lt;CALI> GETS 4.2 MLN DLRS FROM WARRANTS</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Calumet Industries Inc said it raised
+4.2 mln dlrs from holders exercising company warrants. The
+program expired February 27.
+    It issued 420,000 shares to holders who had exercised
+options to exchange four warrants and 10 dlrs for each share of
+common stock. About 87 pct of its warrants were exercised.
+    These proceeds and another 14 mln dlrs from the sale of
+notes will provide long term financing for its HydroCal 2 heavy
+hydrotreating system under construction at its Princeton, La.,
+refinery.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11151" NEWID="6238">
+<DATE>17-MAR-1987 15:38:41.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6406&#31;reute
+r f BC-FINANCIAL-TIMES-LAUNC   03-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL TIMES LAUNCHES NEW WORLD SHARE INDEX</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The Financial Times newspaper said it
+has launched a new international share index, which represents
+more than 70 pct of the world's total stock market value. The
+FT-Actuaries World Indices, published for the first time today,
+feature a main world share index and indices plotting the
+movement of share prices in different regions and individual
+countries, the FT said.
+    The first world share indices will be published on an
+up-to-date daily basis. The indices are based on the prices of
+around 2,400 equity securities from 23 countries.
+    Calculated on the same basis as the FT-Actuaries Indices
+for UK securities, the indices will be produced daily and
+published in the Financial Times. The daily tables have a
+series of regional indices together with the overall world
+index.
+    The FT said its main aim was to provide a set of
+measurements against which the performance of international
+fund managers could be judged. Markets, companies and
+securities have been included only when direct holdings of
+shares by foreign nationals are allowed, it said. The FT said
+to keep the whole series manageable it has kept the number of
+companies from the U.S. To 600.
+    The indices are calculated in three seperate currencies -
+the US dollar, sterling and the appropriate local currency.
+    The regional indices are calculated in a way that takes
+into account the relative weight of local capitalisations.The
+gross dividend yield is also published on the basis of what
+foreign shareholders are entitled to receive before withholding
+taxes.
+    The FT said it has decided to calculate these numbers after
+the enourmous growth in the volume of cross-border equity
+investment in recent years.
+REUTER...^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11152" NEWID="6239">
+<DATE>17-MAR-1987 15:40:29.80</DATE>
+<TOPICS><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6412&#31;reute
+b f BC-ussr-export-sale   03-17 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA REPORTS 350,000 TONNES CORN TO UNKNOWN</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The U.S. Agriculture Department said
+private U.S. exporters reported sales of 350,000 tonnes of corn
+for delivery to unknown destinations during the 1986/87
+marketing season.
+    The marketing year for corn began September 1.
+    This is the second day running that exporters have reported
+corn sales to unknown destinations. Yesterday, they reported
+sales of 150,000 tonnes to unknown.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11153" NEWID="6240">
+<DATE>17-MAR-1987 15:43:43.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6418&#31;reute
+r f BC-HRE-PROPERTIES-&lt;HRE>   03-17 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HRE PROPERTIES &lt;HRE> 1ST QTR ENDS JAN 31 NET</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Shr 38 cts vs 47 cts
+    Net 2,253,664 vs 2,806,820
+    Revs 5,173,318 vs 5,873,904
+    NOTE: 1987 qtr includes 126,117 dlrs, or two cts per share,
+from gains on sale of property, vs gain 29,812, or less than
+one cent per share, for prior qtr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11154" NEWID="6241">
+<DATE>17-MAR-1987 15:45:43.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f6424&#31;reute
+r f BC-MOODY'S-UPGRADES-TEXA   03-17 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S UPGRADES TEXAS AIR &lt;TEX> UNIT'S DEBT</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Moody's Investors Service Inc said it
+upgraded 475 mln dlrs of debt of Continental Airlines Inc, a
+unit of Texas Air Corp.
+    Raised were the unit's senior secured Denver industrial
+revenue bonds to B-1 from Ca and subordinated debt to B-3 from
+C.
+    Moody's said the action recognizes the airline's
+reorganization under Chapter 11 of the bankruptcy code, risks
+associated with its substantial financial leverage and
+unpredictable cash flow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11155" NEWID="6242">
+<DATE>17-MAR-1987 15:46:46.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6426&#31;reute
+h f BC-JAYARK-CORP-&lt;JAYA>-3R   03-17 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAYARK CORP &lt;JAYA> 3RD QTR ENDS JAN 31 LOSS</TITLE>
+<DATELINE>    BINGHAMTON, N.Y., March 17 -
+    </DATELINE><BODY>Shr nil vs nil
+    Net loss 77,879, vs loss 65,501
+    Revs 3,895,741 vs 4,872,163
+    Nine mths
+    Shr profit nine cts vs profit two cts
+    Net profit 488,898 vs profit 118,208
+    Revs 13.0 mln vs 15.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11156" NEWID="6243">
+<DATE>17-MAR-1987 15:47:18.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6427&#31;reute
+h f BC-&lt;BIO-VASCULAR-INC>-1S   03-17 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BIO-VASCULAR INC> 1ST QTR JAN 31 LOSS</TITLE>
+<DATELINE>    ST. PAUL, MINN., March 17 -
+    </DATELINE><BODY>Shr loss three cts vs profit two cts
+    Net loss 54,791 vs profit 28,866
+    Sales 137,9810 vs 338,886
+    Avg shrs 1,602,717 vs 1,331,739
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11157" NEWID="6244">
+<DATE>17-MAR-1987 15:48:10.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6431&#31;reute
+u f BC-GREAT-AMERICAN-MANAGE   03-17 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT AMERICAN MANAGEMENT &lt;GAMI> 2ND QTR LOSS</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Period ended Jan 31
+    Shr loss 89 cts vs loss 82 cts
+    Net loss 5,187,000 vs loss 5,362,000
+    Revs 128.4 mln vs 50.3 mln
+    Six mths
+    Shr loss 1.27 dlrs vs loss 1.04 dlrs
+    Net loss 7,015,000 vs loss 6,790,000
+    Revs 264.7 mln vs 97.3 mln
+    NOTE: Full name is Great American Management and Investment
+Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11158" NEWID="6245">
+<DATE>17-MAR-1987 15:49:34.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6438&#31;reute
+r f BC-NEWMONT-GOLD-&lt;NGC>-FI   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWMONT GOLD &lt;NGC> FILES FOR PUBLIC OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Newmont Gold Co said it filed a
+registration statement with the Securities and Exchange
+Commission for the proposed public offering of five mln shares
+of common plus an over-allotment option of 500,000 shares.
+    Newmont Gold said the newly registered shares would
+represent about 5.2 pct of the 105 mln shares outstanding after
+the share issue. It said it will use proceeds to repay the
+long-term debt it owes to its parent, Newmont Mining Corp
+&lt;NEM>, and for general corporate purposes.
+    Newmont Mining will continue to own about 90 pct of Newmont
+Gold after the offering.
+    Newmont Gold said four mln shares will be offered initially
+in the U.S. by a U.S. underwriting group and one mln shares
+will be offered initially outside the U.S by an international
+underwriting group.
+    It said Kidder, Peabody and Co Inc, Lazard Freres and Co
+and Salomon Brothers Inc and their affiliates will be
+co-managers of both underwriting groups.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11159" NEWID="6246">
+<DATE>17-MAR-1987 15:50:47.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6440&#31;reute
+d f BC-NORSTAR-&lt;NOR>-TO-BUY   03-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORSTAR &lt;NOR> TO BUY CALLICOON BANK</TITLE>
+<DATELINE>    ALBANY, N.Y., March 17 - </DATELINE><BODY>Norstar Bancorp said it reached an
+agreement in principle to buy United National Bank of Callicoon
+through a stock exchange valued at 20 mln dlrs.
+    Under terms of the agreement, Norstar would buy all 201,660
+shares of United's common stock at a rate of three Norstar
+shares for each United share.
+    With year-end assets of 90 mln dlrs, United has branches
+six upstate New York cities, all of which will become part of
+Norstar Bank of the Hudson Valley, N.A.
+    Norstar is an 11.1 billion dlr multibank financial services
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11160" NEWID="6247">
+<DATE>17-MAR-1987 15:52:58.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f6442&#31;reute
+d f BC-majestic-contractors   03-17 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJESTIC CONTRACTORS TO PURCHASE SHARES</TITLE>
+<DATELINE>    Edmonton, Alberta, March 17 - </DATELINE><BODY>&lt;Majestic Contractors Ltd>
+said it will purchase up to a maximum of 403,828 of its common
+shares on the Toronto Stock Exchange at the market price.
+    Purchases will begin on April 13, 1987 and will end when
+Majestic has bought 403,828 common shares or on April 12, 1988,
+whichever comes first.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11161" NEWID="6248">
+<DATE>17-MAR-1987 15:53:59.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6443&#31;reute
+d f BC-ACADEMY-INSURANCE-GRO   03-17 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACADEMY INSURANCE GROUP INC &lt;ACIG> 4TH QTR NET</TITLE>
+<DATELINE>    VALLEY FORGE, March 17 -
+    </DATELINE><BODY>Oper shr profit one ct vs loss 1.14 dlrs
+    Oper net profit 435,000 vs loss 19.9 mln
+    Year
+    Oper shr loss 28 cts vs loss 2.78 dlrs
+    Oper net loss 10 mln vs loss 46.5 mln
+    NOTE: Excludes investment gains of one ct per share vs 12
+cts in the quarter, and gains 10 cts per share vs 13 cts in the
+year. Excludes loss from discontinued operations of three cts
+per share in fourth quarter 1985, and loss of 21 cts per share
+vs loss 2.72 dlrs in the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11162" NEWID="6249">
+<DATE>17-MAR-1987 15:58:03.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6446&#31;reute
+u f BC-NYSE-CLARIFIES-TRIPLE   03-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE CLARIFIES TRIPLE WITCHING PROCEDURE</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>The New York stock exchange said its
+rules for triple expiration Friday permit entering
+arbitrage-related market-on-close orders in the final 30
+minutes of trading providing they are on the other side of
+imbalances and providing they open positions.
+    The NYSE clarified a statement released yesterday in which
+it detailed procedures to be followed this Friday when stock
+index options, index futures and individual stock options
+expire simultaneously. The NYSE said it will not allow a
+market-on-close order after 1530 EST Friday that increases or
+liquidates an existing arbitrage position.
+    The NYSE in cooperation with the Securities and Exchange
+commission will publicize imbalances of 10,000 or more shares
+in the 50 stocks beginning at 1530 EST Friday. In the final 30
+minutes of trading Friday any market-on-close orders must be on
+the other side of the imbalance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11163" NEWID="6250">
+<DATE>17-MAR-1987 15:59:51.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f6449&#31;reute
+u f BC-U.S-HOUSE-BUDGET-CHAI   03-17 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S HOUSE BUDGET CHAIRMAN PROPOSES SPENDING HOLD</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>House Budget Committee Chairman
+William Gray, D-Pa, said he would propose a freeze on all
+spending for federal government programs for the fiscal 1988
+budget to meet budget deficit targets.
+    "An outlay freeze -- with no additional revenues -- produces
+almost enough savings to reach the 108 billion dlr deficit
+target. For fiscal 1988, this would mean total spending of just
+over 1 trillion dlrs," Gray said in a statement.
+    Gray said his plan would call for a freeze in spending on
+each individual federal program at fiscal 1987 levels.
+    He said this would mean numerous program cuts, lower
+benefits for recipients of federal assistance and fewer people
+being served by federal programs.
+    Gray said he would make the budget freeze proposal when the
+House Budget Committee begins work on the budget resolution
+this Thursday. The Senate Budget Committee began work on its
+budget resolution this afternoon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11164" NEWID="6251">
+<DATE>17-MAR-1987 16:00:01.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6450&#31;reute
+r f BC-NO-POLICY-FOR-OR-AGAI   03-17 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO POLICY FOR OR AGAINST CERTIFICATES -- OMB</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The U.S. Office of Management and
+Budget does not have a policy position one way or another on
+whether the Agriculture Department's commodity certificate
+program should be expanded or contracted, an OMB official said.
+    Speaking at the National Grain and Feed Association's
+annual convention, Ron Landis, chief of OMB's agricultural
+branch, said instead of an across the board policy for or
+against certificates, OMB has worked and will continue to work
+very closely with USDA in determining how many certificates
+should be sent out in each government farm payment.
+    "Recent evidence by the General Accounting Office and the
+Congressional Budget Office suggest that certificates can and
+do increase budget exposure," Landis said.
+    But Landis also noted that certificates have numerous
+beneficial impacts.
+    These benefits are helping maintain U.S. price
+competitiveness, freeing up storage space and saving the
+government storage and handling costs.
+    The major drawback to certificates, said Landis, is that
+they increase budget exposure relative to cash through use of
+the pik and roll marketing strategy.
+    In the pik and roll strategy, a farmer puts his grain under
+loan, redeems it with certificates, then keeps the difference
+between the price he paid for certificates and the county loan
+rate.
+    However, if the benefits of certificates outweigh the added
+costs, OMB officials said they will support continuation of the
+program.
+    "OMB says certificates have a very positive effect on the
+market, but the question is do those positive benefits outweigh
+the added costs. If they do, then the certificate program is
+good," an OMB official told Reuters.
+    Landis calculated that the redemption of each certificate
+worth 1,500 bushels results in 176 dlrs in storage savings for
+wheat farmers, 270 dlrs for corn farmers and 92 dlrs for
+soybean farmers. The pik and roll strategy represents a benefit
+of about 35 cents per bushel per farmer, he said.
+    But Landis also noted that recent studies by CBO suggest
+that an additional one billion dlrs of certificates released to
+the market could result in outlays of 1.15 dlrs in cash for
+every dlr released in certificates.
+    OMB is concerned that too many certificates released onto
+the market could cause prices to drop too low and government
+costs to increase too much.
+    But Landis said OMB has not determined what amount of
+certificates would be excessive.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11165" NEWID="6252">
+<DATE>17-MAR-1987 16:00:57.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6455&#31;reute
+r f BC-MANUFACTURERS-HANOVER   03-17 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURERS HANOVER CORP &lt;MHC> SETS DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 17 - 
+    </DATELINE><BODY>Qtly div 82 cts vs 82 cts prior
+    Pay April 25
+    Record April one
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11166" NEWID="6253">
+<DATE>17-MAR-1987 16:01:22.25</DATE>
+<TOPICS><D>trade</D><D>grain</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6456&#31;reute
+u f BC-UK-TRADE-FEARS-HIGHER   03-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK TRADE WARY OF HIGHER EC GRAIN LEVY</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>The European Community may decide to
+increase the cereals co-responsibility levy and extend its
+scope to cover cereal substitutes if the Commission's 1987/88
+farm price package is opposed by member states, Edgar Pye,
+vice-president of the British agricultural merchants'
+association UKASTA, said.
+    At the moment the Commission is proposing the rate of levy
+remain unchanged at three pct - but Pye, addressing a feed
+manufacturers' dinner in Glasgow, said this could change if its
+controversial plans to cut cereal prices and introduce an oils
+and fats tax are blocked
+    Pye said UKASTA would continue to fight the cereals levy
+"tooth and nail."
+    However, a test case in the European Court of Justice
+contesting the legality of the current regulation applying the
+levy, which is being backed by the EC feed manufacturers'
+organisation FEFAC, was not now expected to be heard until the
+end of 1987, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11167" NEWID="6254">
+<DATE>17-MAR-1987 16:01:31.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6457&#31;reute
+h f BC-WILLIAMS-INDUSTRIES-I   03-17 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIAMS INDUSTRIES INC &lt;WMSI> 2ND QTR NET</TITLE>
+<DATELINE>    FALLS CHURCH, Va., March 17 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr 10 cts vs three cts
+    Net 194,842 vs 54,200
+    Revs 22.2 mln vs 11.2 mln
+    Six mths
+    Shr 50 cts vs 28 cts
+    Net 965,924 vs 502,008
+    Revs 43.8 mln vs 21.6 mln
+    Note: Current six mths revs include 16.8 mln dlrs in revs
+from John F. Beasley Construction Co, a wholly owned unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11168" NEWID="6255">
+<DATE>17-MAR-1987 16:02:59.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6462&#31;reute
+r f BC-HYDRAULIC-CO-&lt;THC>-UN   03-17 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYDRAULIC CO &lt;THC> UNIT LAND SALE PLAN DENIED</TITLE>
+<DATELINE>    BRIDGEPORT, Conn., March 17 - </DATELINE><BODY>The Hydraulic Co said its
+Bridgeport Hydraulic Co subsidiary had its proposal to use land
+sales proceeds to help fund capital improvements denied by the
+Connecticut Department of Public Utility Control.
+    Hydraulic said its proposal also called for a distribution
+of the finaical benefits to its stockholders and customers.
+    However, Hyraulic said the state utility commission would
+consider similar requests in the future. It said the utility
+commission felt its request was premature and noted  Hydraulic
+did not specify parcels of land considered for sale.
+    The company said it will submit a detailed plan shortly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11169" NEWID="6256">
+<DATE>17-MAR-1987 16:03:15.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6464&#31;reute
+r f BC-MOR-FLO-&lt;MORF>-LOSES   03-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOR-FLO &lt;MORF> LOSES INFRINGEMENT APPEAL</TITLE>
+<DATELINE>    CLEVELAND, March 17 - </DATELINE><BODY>Mo-Flo Industries Inc said the
+federal appeals court has affairmed a trial court ruling that
+Mor-Flo infringed on patents held by &lt;State Industries Inc> for
+insulating gas water heaters with polyurethane.
+    Mor-Flo said it intends to seek a rehearing of the
+decision. If the rehearing is denied, further proceedings
+before the trial court will be held to determine damages.
+    The company said it made provision for a potential award
+and related litigation expenses by taking an after-tax charge
+of 384,000 dlrs, or 15 cts a share, against 1986 earnings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11170" NEWID="6257">
+<DATE>17-MAR-1987 16:04:10.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6466&#31;reute
+w f BC-&lt;HANOVER-COS-INC>-3RD   03-17 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;HANOVER COS INC> 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 17 - 
+    </DATELINE><BODY>Oper shr loss 26 cts vs profit 22 cts
+    Oper net loss 672,879 vs profit 596,760
+    Revs 2,188,678 vs 2,364,280
+    Nine mths
+    Oper shr loss 1.60 dlrs vs profit 92 cts
+    Oper net loss 4,278,055 vs profit 2,472,532
+    Revs 5,896,322 vs 7,497,782
+    Note: Oper net excludes tax gains of 596,000 dlrs for
+year-ago qtr and 2,173,000 dlrs for year-ago nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11171" NEWID="6258">
+<DATE>17-MAR-1987 16:05:39.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f6468&#31;reute
+f f BC-******U.S.-SELLING-12   03-17 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLING 12.8 BILLION DLRS OF 3 AND 6-MO BILLS MARCH 23 TO PAY DOWN 2.875 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11172" NEWID="6259">
+<DATE>17-MAR-1987 16:06:49.08</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6470&#31;reute
+r f BC-U.S.-CERTIFICATES-TO   03-17 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CERTIFICATES TO PROVIDE WHEAT/CORN SUPPLIES</TITLE>
+<DATELINE>    Washington, March 16 - </DATELINE><BODY>From April through December 1986,
+the Commodity Credit Corporation (CCC) issued 3.85 billion dlrs
+worth of generic certificates and about 1.8 billion had not
+been exchanged by January 1, 1987, the U.S. Agriculture
+Department said.
+    The department said an additional 4.3 billion dlrs in
+certificates has been authorized for issuance during
+January-August, 1987.
+    These certificates will provide ample free supplies of corn
+and wheat for the remainder of the crop year, the department
+said in a summary of its Agricultural Outlook report.
+    Freeing of stocks through certificates is making U.S. grain
+more competitive on world markets, it said.
+    The department said last summer, for example, certificates
+were exchanged for 215 mln bushels of corn. This helped
+increase marketable supplies, so farm-level corn prices
+averaged about two dlrs per bushel -- somewhat lower than they
+would have otherwise.
+    The lower prices probably led to an increase in usage of 40
+to 50 mln bushels, it said.
+    The department said government spending on farm programs in
+fiscal year 1987 is projected to fall half a billion dlrs from
+1986's 25.8 billion dlrs.
+    During 1988 and 1989, the cost escalation of the first half
+of the 1980's will reverse. If current policy remains in force,
+annual farm program spending by 1992 will be down from last
+year's record by more than eight billion dlrs, it said.
+    The department said the President's budget proposals for
+1988-1992 would cut farm program spending an additional 24
+billion dlrs.
+    In 1987, foreign economic growth is expected to remain
+close to 2.6 pct, the same as in 1986, but above the 2.4 pct
+average of 1980-86, it said.
+    Partially because of this improvement, U.S. export volume
+is expected to rise in fiscal 1987 for the frist time in seven
+years, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11173" NEWID="6260">
+<DATE>17-MAR-1987 16:07:25.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6472&#31;reute
+d f BC-FIRST-CAPITAL-&lt;FCH>-E   03-17 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CAPITAL &lt;FCH> ENTERS JOINT VENTURE</TITLE>
+<DATELINE>    LOS ANGELES, March 17 - </DATELINE><BODY>First Capital Holdings Corp said it
+and Robert M. Bass Group formed a joint venture, called FCB
+Partners, to acquire and manage real estate investments.
+    The joint venture partners also intend to create new
+products which will be offered through its Pilgrim Group Inc
+mutual funds subsidiary, First Capital said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11174" NEWID="6261">
+<DATE>17-MAR-1987 16:08:14.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6477&#31;reute
+d f BC-SKYWEST-AIRLINES-&lt;SKY   03-17 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SKYWEST AIRLINES &lt;SKYW> FEBRUARY TRAFFIC ROSE</TITLE>
+<DATELINE>    ST. GEORGE, Utah, March 17 - </DATELINE><BODY>SkyWest Airlines Inc said its
+revenue passenger miles rose to 10.3 mln from 8.5 mln, its
+available seat miles rose to 24.2 mln from 18.9 mln and load
+factor decreased to 42.6 pct from 44.9 pct.
+    Skywest said February's traffic includes two new EMB-120
+aircraft manufactured by Embraer Corp of Brazil.
+    For the year to date, revenue passenger miles rose to 20.6
+mln from 17.3 mln, available seat miles rose to 49.0 mln from
+39.2 mln and load factor decreased to 42 pct from 44.1 pct.
+                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11175" NEWID="6262">
+<DATE>17-MAR-1987 16:08:55.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f6479&#31;reute
+u f BC-FAVOURABLE-TAX-TREATM   03-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAVOURABLE TAX TREATMENT GONE ON CERTAIN UK LOANS</TITLE>
+<DATELINE>    LONDON, March 17 - </DATELINE><BODY>An Inland Revenue ruling accompanying
+today's U.K. Budget would eliminate a favourable tax treatment
+on certain foreign loans by British banks and may be a
+"nightmare" of practical application, banking sources said.
+    This is because banks will only be able to offset the tax
+credit for foreign withholding tax paid on the interest they
+receive against the corporation tax on the profit of a specific
+loan. Currently, the tax credit is calculated against a banks
+profits as a whole.
+    For banks, compliance with the ruling could indeed be a
+nightmare since they don't fund loans on a individual basis.
+    Many of the loans that would be affected by the tax change
+are those to less developed countries, such as those in Latin
+America. Bankers could not estimate how many loans were
+involved expect to suggest it was a "sizable number."
+    In a statement, the Inland Revenue said that on loans made
+on or after April 1, the new measures would apply to interest
+arising from that date. On existing loans at that date, the
+measures would apply to interest arising from April 1, 1988.
+    Government sources noted that the existing treatment of
+withholding tax on interest has enabled some banks to reduce
+interest rates on overseas loans, thereby lowering the revenue
+to the U.K. Treasury.
+    The new measures, they said, are designed to  reduce the
+subsidy given to overseas lending through the tax system and
+bring the U.K. System more into line with those of overseas
+competitors.
+    The Inland Revenue estimated that the income to the
+Treausry would be negligible in 1987/88 but could build up over
+time from about 20 mln stg in 1988/89 to 60 mln stg in 1990/91.
+    But while compliance with the new measures could
+necessitate hours of clerical work, bankers said the end return
+to the Treasury may not prove as lucrative as anticipated.
+    They noted that most documentation accompanying these loans
+contains a clause allowing for a loan to be restructured if the
+tax treatment changes. However, they were unsure to what extent
+the loans would and could be changed.
+    Bankers said they would seek clarification from the Inland
+Revenue, particularly on how to calculate the cost of these
+loans. Revenue said it hopes to keep costs of compliance to a
+minimum.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11176" NEWID="6263">
+<DATE>17-MAR-1987 16:09:21.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f6480&#31;reute
+u f BC-/U.S.-TO-SELL-12.8-BI   03-17 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO SELL 12.8 BILLION DLRS IN BILLS</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The U.S. Treasury said it will sell
+12.8 billion dlrs of three and six-month bills at its regular
+auction next week.
+    The March 23 sale, to be evenly divided between the three
+and six month issues, will result in a paydown of 2.875 billion
+dlrs as maturing bills total 15.68 billion dlrs.
+    The bills will be issued March 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11177" NEWID="6264">
+<DATE>17-MAR-1987 16:10:21.67</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f6483&#31;reute
+r f BC-DOMENICI-SAYS-ENERGY   03-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATOR SAYS ENERGY REPORT ASSUMPTIONS FLAWED</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Sen. Pete Domenici, a main sponsor
+of legislation to set an oil import fee, said the
+administration's energy security report was based on flawed
+economic assumptions.
+    The New Mexico Republican said the report did not take into
+account the last few weeks' drop in domestic oil production in
+its statement that an oil fee would raise prices for consumers.
+The report said a decline in economic growth as a result of the
+fee would reduce tax revenues. "A five dlr (per barrel) oil
+import fee will provide the stimulus to create jobs and
+investment, " and raise revenues, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11178" NEWID="6265">
+<DATE>17-MAR-1987 16:12:26.48</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6488&#31;reute
+r f BC-FARM-PROGRAM-CHANGES   03-17 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM PROGRAM CHANGES OUTLINED BY USDA OFFICIAL</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Upcoming changes being considered in
+the U.S. Agriculture Department's transportation and loan
+programs were outlined by a USDA official today.
+    Addressing the annual meeting of the National Grain and
+Feed Association, Tom VonGarlem, assistant deputy administrator
+for USDA's state and county operations, said the following
+changes are under consideration by USDA.
+    Termination of USDA's Transportation Assistance Program for
+wheat, barley and sorghum would be proposed this week.
+    Changes in USDA's reserve rotation program are also under
+consideration, VonGarlem said. While the department has not
+made any final decision, banning the use of pik and roll grain
+in reserve rotation is under heavy consideration, he said.
+    Changes in loan rates will definitely be looked at for next
+year's crop, he said, with the option of making soybean loans
+partially in cash and in certificates under consideration.
+    VanGarlem said he will definitely not extend the 1987 crop
+program signup, saying he sees no reason to do so at this time.
+    He also said wheat will not be considered for a cash bonus
+under the Conservation Reserve Program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11179" NEWID="6266">
+<DATE>17-MAR-1987 16:16:06.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6497&#31;reute
+d f BC-DAVOX-REGISTERS-1.6-M   03-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAVOX REGISTERS 1.6 MLN SHARE INITIAL OFFERING</TITLE>
+<DATELINE>    BILLERICA, Mass., March 17 - </DATELINE><BODY>&lt;Davox Corp> said it filed a
+registration statement with the Securities and Exchange
+Commission covering a proposed initial offering of 1.6 mln
+common shares.
+    The company said Kidder Peabody and Co Inc and Hambrecht
+and Quist Inc will co-manage the underwriters, adding they
+anticipate the initial offering price will be between 8.50 and
+10 dlrs a share.
+    Davox produces and markets computer-aided communications
+systems which automate amd integrate telephone and data
+communications functions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11180" NEWID="6267">
+<DATE>17-MAR-1987 16:18:18.94</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6507&#31;reute
+u f BC-USDA-OFFICIAL-SEES-7-   03-17 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA OFFICIAL SEES 7-8 BILLION DLRS CERTIFICATES</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>There will be seven to eight billion
+dlrs of generic certificates on the market by the end of
+harvest, an Agriculture Department official said.
+    The Commodity Credit Corp will "depend heavily" on
+certificates to relieve storage problems this year, Ralph
+Klopfenstein, Deputy Administrator for Commodity Operations,
+USDA, told participants at the National Grain and Feed
+Association's annual convention.
+    Klopfenstein said that CCC will not be able to relocate
+grain in any significant amount this fall, so certificates will
+be used in various programs to relieve storage tightness.
+    Klopfenstein said certificates meet the goal of allowing
+prices to go below loan levels and providing USDA with an
+inventory management tool.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11181" NEWID="6268">
+<DATE>17-MAR-1987 16:20:06.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f6510&#31;reute
+f f BC-BRASILIA---Brazilian   03-17 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Brazilian Planning Minister Joao Sayad resigns - Globo television reports
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11182" NEWID="6269">
+<DATE>17-MAR-1987 16:22:32.73</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>soybean</D><D>carcass</D><D>corn</D><D>cotton</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f6516&#31;reute
+r f BC-MAJOR-U.S.-FARM-GROUP   03-17 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR U.S. FARM GROUPS OPPOSE POLICY CHANGES</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Seven major U.S. farm groups took
+the unusual step of releasing a joint statement urging
+congressional leaders not to tinker with existing farm law.
+    Following meetings with House Agriculture Committee
+Chairman Kika de la Garza (D-Tex.) and Senate Agriculture
+Committee Chairman Patrick Leahy (D-Vt.), the groups issued a
+statement saying lawmakers should "resist efforts to overhaul
+the 15-month-old law, which is operating in its first crop
+marketing year."
+    The farm groups included the American Farm Bureau
+Federation, American Soybean Association, National Cattlemen's
+Association, National Corn Growers Association, National Cotton
+Council, National Pork Producers Council and the U.S. Rice
+Producers Legislative Group.
+    The statement said Congress should not modify the 1985 farm
+bill "so the law might have its intended impact of making
+agriculture more competitive in export markets while at the
+same time maintaining farm income."
+    "We strongly believe American farmers now need
+predictability and certainty in farm legislation in order to
+have any opportunity of making proper production and marketing
+decisions," the groups said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11183" NEWID="6270">
+<DATE>17-MAR-1987 16:23:14.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f6519&#31;reute
+b f BC-SENATE-BUDGET-GROUP-S   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE BUDGET GROUP SHELVES REAGAN ECONOMIC DATA</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The Senate Budget Committee, at its
+first budget drafting meeting of the year, discarded President
+Reagan's economic assumptions upon which he claims his budget
+would show a 108 billion dlr deficit.
+    In its place, the committee agreed to accept the non
+partisan Congressional Budget Office (CBO) economic assumptions
+in its deliberations for drafting a 1988 budget.
+    The CBO says Reagan's budget--even if it were adopted
+without change --would show a 134.4 billion dlr deficit in
+fiscal 1988 and thereby miss the Gramm-Rudman budget law target
+of 108 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11184" NEWID="6271">
+<DATE>17-MAR-1987 16:23:51.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6520&#31;reute
+r f BC-HOWELL-CORP-&lt;HWL>-4TH   03-17 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOWELL CORP &lt;HWL> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 17 - 
+    </DATELINE><BODY>Shr profit six cts vs profit 17 cts
+    Net profit 269,000 vs profit 833,000
+    Revs 28.0 mln vs 30.8 mln
+    Nine mths
+    Shr loss 4.16 dlrs vs profit 74 cts
+    Net loss 20.0 mln vs profit 3,543,000
+    Revs 93.1 mln vs 117.7 mln
+    Note: Current qtr net includes writedown of 20.4 mln dlrs
+of net investment in company's oil and gas properties.
+    Year-ago results restated to reflect reclassification of
+coal mining and marketing segment as ongoing operation rather
+than discontinued operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11185" NEWID="6272">
+<DATE>17-MAR-1987 16:25:33.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f6522&#31;reute
+f f BC-Brasilia---Brazil-pre   03-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Brazil presidential spokesman confirms resignation of Planning Minister
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11186" NEWID="6273">
+<DATE>17-MAR-1987 16:27:39.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6531&#31;reute
+r f BC-SIGMAFORM-CORP-&lt;SGMA>   03-17 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIGMAFORM CORP &lt;SGMA> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 17 -
+    </DATELINE><BODY>Shr one ct vs five cts
+    Net 42,469 vs 226,791
+    Sales 7,963,620 vs 6,886,414
+    Nine mths
+    Shr 12 cts vs 22 cts
+    Net 490,927 vs 949,650
+    Sales 24.0 mln vs 18.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11187" NEWID="6274">
+<DATE>17-MAR-1987 16:27:47.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6532&#31;reute
+r f BC-MARCUS-CORP-&lt;MRCS>-3R   03-17 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARCUS CORP &lt;MRCS> 3RD QTR FEB FIVE NET</TITLE>
+<DATELINE>    MILWAUKEE, WIS., March 17 -
+    </DATELINE><BODY>Shr 14 cts vs 15 cts
+    Net 733,000 vs 788,000
+    Revs 31.9 mln vs 28.9 mln
+    Nine Mths
+    Shr 1.08 dlrs vs 1.20 dlrs
+    Net 5,560,000 vs 6,162,000
+    Revs 104.5 mln vs 97.2 mln
+    NOTE: 1987 net includes tax credits of 25,000 dlrs in the
+third quarter and 100,000 dlrs in the nine months compared with
+370,000 dlrs and 910,000 dlrs in the 1986 periods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11188" NEWID="6275">
+<DATE>17-MAR-1987 16:27:52.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6533&#31;reute
+r f BC-FIRSTCORP-INC-&lt;FCR>-R   03-17 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRSTCORP INC &lt;FCR> RAISES QTLY DIVIDENDS</TITLE>
+<DATELINE>    RALEIGH, N.C., March 17 - 
+    </DATELINE><BODY>Qtly div class A nine cts vs 7.5 cts prior
+    Qtly div class B nine cts vs 7.5 cts prior
+    Pay April 30
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11189" NEWID="6276">
+<DATE>17-MAR-1987 16:28:11.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6534&#31;reute
+d f BC-HEALTHVEST-&lt;HVT>-BUYS   03-17 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHVEST &lt;HVT> BUYS TENNESSEE MEDICAL COMPLEX</TITLE>
+<DATELINE>    AUSTIN, Texas, March 17 - </DATELINE><BODY>Healthvest said it acquired the
+Eastwood Hospital medical complex in Memphis from Healthcare
+International Inc for 50 mln dlrs cash.
+    Healthcare International will continue to operate the
+hospital under a lease agreement, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11190" NEWID="6277">
+<DATE>17-MAR-1987 16:28:26.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6535&#31;reute
+d f BC-VENTRA-BUYS-JOINT-VEN   03-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENTRA BUYS JOINT VENTURE LEASING</TITLE>
+<DATELINE>    HIALEAH, Fla, March 17 - </DATELINE><BODY>Ventra Management Inc, an over the
+counter company, said it acquired Joint Venture Leasing Inc for
+60 mln Venture shares, valued at 3.6 mln dlrs.
+    Joint Venture was organized in September 1986 to establish
+leasing joint ventures with manufacturers and vendors of
+computer equipment.
+    As a result of the acquisition and Joint Venture's backlog,
+Ventra said it expects 1987 sales to be 30 mln dlrs with net
+profits of 1.5 mln dlrs.
+    Ventra was organized in September 1986 and completed a
+public offering of 30 mln shares in January 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11191" NEWID="6278">
+<DATE>17-MAR-1987 16:28:35.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6536&#31;reute
+d f BC-OXFORD-FINANCIAL-BUYS   03-17 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OXFORD FINANCIAL BUYS CLANCY SYSTEMS</TITLE>
+<DATELINE>    DENVER, March 17 - </DATELINE><BODY>&lt;Oxford Financial Inc> said it acquired
+&lt;Clancy Systems International Inc> for an undisclosed sum.
+    The company said Clancy has developed a fully automated
+parking citation system, currently in use in Oklahoma City, the
+University of California at Sacramento, and in a pilot program
+in San Francisco.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11192" NEWID="6279">
+<DATE>17-MAR-1987 16:28:46.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6537&#31;reute
+d f BC-REALTY-SOUTH-INVESTOR   03-17 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REALTY SOUTH INVESTORS INC &lt;RSI> YEAR NET</TITLE>
+<DATELINE>    ATLANTA, March 17 -
+    </DATELINE><BODY>Shr 1.03 dlrs vs 82 cts
+    Net 1,982,296 vs 1,359,273
+    Revs 2,403,481 vs 1,494,304
+    Investments 22.4 mln vs 11.5 mln
+    NOTE: Shr figures adjusted for 3-for-2 split Feb 23, 1987.
+1985 results reflect operations for eight months ended Dec 31,
+1985. Company began operating May 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11193" NEWID="6280">
+<DATE>17-MAR-1987 16:29:01.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6538&#31;reute
+s f BC-TURNER-EQUITY-INVESTO   03-17 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURNER EQUITY INVESTORS INC &lt;TEQ> PAYOUT</TITLE>
+<DATELINE>    TAMPA, Fla., March 17 - 
+    </DATELINE><BODY>Qtly cash distribution 20 cts vs 20 cts prior
+    Pay April eight
+    Record March 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11194" NEWID="6281">
+<DATE>17-MAR-1987 16:29:43.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6541&#31;reute
+r f BC-HARLEY-DAVIDSON-&lt;HDI>   03-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARLEY-DAVIDSON &lt;HDI> WANTS TARIFFS LIFTED</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Harley-Davidson Inc said it is
+petitioning the International Trade Commission to lift import
+taxes on Japanese motorcycle manufacturers.
+    Harley-Davidson said it no longer needed tariff relief to
+compete with the Japanese. It said President Reagan imposed the
+tariff in April 1983 after Harley-Davidson convinced the
+administration the Japanese were eroding the U.S. motorcycle
+industry by flooding the market with its own models.
+    Harley-Davidson said it has increased its market share of
+the heavyweight motorcycle to 19.4 pct in 1986 from a record
+low 12.5 pct in 1983.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11195" NEWID="6282">
+<DATE>17-MAR-1987 16:33:16.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6556&#31;reute
+r f BC-GRACE-&lt;GRA>-COMPLETES   03-17 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRACE &lt;GRA> COMPLETES RETAIL UNIT SALE</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>W.R. Grace and Co said it completed
+the sale of its Bermans The Leather Experts retail business to
+a new company in a management led buyout.
+    Grace received 99.3 mln dlrs cash and will record a pretax
+gain of about 37 mln dlrs in the first quarter, the company
+said. An additional pretax gain of 19 mln dlrs will be deferred
+until realization is more fully assured, it said.
+    The diversified chemical and industrial company said the
+sale completes its program to divest retail operations.
+    In addition to the cash payment, Grace received warrants to
+buy up to 47.5 pct of the new company and has reinvested about
+19 pct of the proceeds in debt of the new firm.
+    Financing was provided by Prudential Insurance Co of
+America and affiliates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11196" NEWID="6283">
+<DATE>17-MAR-1987 16:34:41.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6561&#31;reute
+r f BC-WAUSAU-PAPER-MILLS-CO   03-17 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAUSAU PAPER MILLS CO &lt;WSAU> 2ND QTR NET</TITLE>
+<DATELINE>    WAUSAU, WIS., March 17 - </DATELINE><BODY>Period ended Feb 28
+    Shr 61 cts vs 56 cts
+    Net 2,764,000 vs 2,540,000
+    Sales 60.4 mln vs 55.8 mln
+    Six mths
+    Shr 1.27 dlrs vs 1.15 dlrs
+    Net 5,741,000 vs 5,269,000
+    Sales 122.8 mln vs 109.9 mln
+    NOTE: Per-share data restated for 10 pct stock dividends
+paid to holders of record Dec 26, 1986 and Dec 26, 1985
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11197" NEWID="6284">
+<DATE>17-MAR-1987 16:35:40.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>fao</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f6563&#31;reute
+d f AM-peru-fao   03-17 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAO DIRECTOR GENERAL SIGNS PERU AID AGREEMENT</TITLE>
+<DATELINE>    LIMA, March 17 - </DATELINE><BODY>The Director-General of the Food and
+Agricultural Organisation (FAO), Edouard Saouma, signed an
+agreement to aid peru with 160,000 dlrs in technical asistance
+to draw up studies for farm development in the country.
+    Saouma also formally offered the country 200,000 dlrs in
+aid for technicians to draft studies to aid the estimated
+25,000 made homeless by mudslides last week on the outskirts of
+Lima, a FAO spokesman said.
+    Peru would be able to use the studies to present to
+multilateral organisations to request more assistance in grants
+and loans, the spokesman aid.
+    Saouma also discussed agricultural projects with president
+Alan Garcia last night for one hour.
+    The FAO official returns to Rome on thursday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11198" NEWID="6285">
+<DATE>17-MAR-1987 16:38:36.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f6569&#31;reute
+b f AM-SAYAD   03-17 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN PLANNING MINISTER RESIGNS</TITLE>
+<DATELINE>    BRASILIA, March 17 - </DATELINE><BODY>Brazilian Planning Minister Joao Sayad
+resigned, a presidential spokesman said.
+    His resignation was accepted during a meeting with 
+President Jose Sarney this afternoon, the spokesman said.
+    No official reasons for the resignation were immediately
+available, but sources close to the government said Sayad had
+pressed for a three-month price freeze and sharp government
+spending cuts to combat inflation.
+    Neither Sarney nor Finance Minister Dilson Funaro accepted
+the proposals, the sources said.
+    Sayad was one of the architects of last year's "Plano
+Cruzado" program, which froze prices, ended widespread
+indexation of the economy and introduced the new cruzado
+currency to replace the cruzeiro in a bid to cut the 250 pct
+annual inflation rate.
+    After holding prices for nearly nine months, the plan was
+unable to withstand the inflationary pressures of booming
+consumer demand and widespread shortages. In the first two
+months of this year prices rose by around 30 per cent.
+    A sharp deterioration in Brazil's foreign trade surplus
+caused President Sarney to announce last month the suspension
+of interest rate payments on 68 billion dollars of commercial
+debt.
+    Finance Minister Funaro told reporters last week new
+measures to correct the economy would be announced within a
+month, although he gave no further details.
+    Earlier today U.S. Treasury secretary James Baker said 
+Brazil should come up with a new economic plan if it hopes to
+get additional assistance from commercial banks and others.
+    Sayad's resignation might foreshadow other changes in the
+Brazilian cabinet.
+    Presidential spokesman Frota Netto told journalists earlier
+today the government was considering a suggestion by the Chief
+of Civilian Staff at the Presidency Marco Maciel that a new
+multi-party cabinet be formed to deal with the country's
+current economic difficulties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11199" NEWID="6286">
+<DATE>17-MAR-1987 16:38:47.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f6571&#31;reute
+d f BC-AMERICAN-EXPLORATION   03-17 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPLORATION &lt;AXO> OFFERS UNITS</TITLE>
+<DATELINE>    HOUSTON, March 17 - </DATELINE><BODY>American Exploration Co said it is
+offering units in New York Life Oil and Gas Producing
+Properties Program II.
+    It said the offer consists of 75 mln dlrs of preformation
+units, representing limited partnership interests.
+    The unit, which will acquire producing oil and gas
+properites, is being formed by a unit of American Exploration
+and NYLIFE Equity Inc, a unit of &lt;New York Life Insurance Co>.
+Both companies will be general partners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11200" NEWID="6287">
+<DATE>17-MAR-1987 16:39:35.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6573&#31;reute
+r f BC-TAUNTON-SAVINGS-BANK   03-17 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAUNTON SAVINGS BANK &lt;TSBK> SETS FIRST DIVIDEND</TITLE>
+<DATELINE>    TAUNTON, Mass., March 17 - </DATELINE><BODY>Taunton Savings Bank said its
+board declared an initial cash dividend of six cts per share.
+    Taunton, which went public last June, said the rate was
+based on 3,220,000 outstanding shares.
+    It said the dividend was payable April 15 to shareholders
+of record March 31.
+    The company said it did not know if it would pay regular
+dividends in the future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11201" NEWID="6288">
+<DATE>17-MAR-1987 16:40:15.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6574&#31;reute
+h f BC-FIBRONICS-INTERNATION   03-17 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIBRONICS INTERNATIONAL INC &lt;FBRX> 4TH QTR LOSS</TITLE>
+<DATELINE>    HYANNIS, Mass., March 17 - 
+    </DATELINE><BODY>Shr loss 14 cts vs loss one ct
+    Net loss 836,327 vs loss 34,926
+    Revs 8,939,390 vs 8,136,160
+    Year
+    Shr loss 34 cts vs loss nil
+    Net loss 2,008,103 vs loss 14,078
+    Revs 30.1 mln vs 28.0 mln
+    Note: Year-ago results restated to reflect acquisition of
+Spartacus Inc in Febaruary 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11202" NEWID="6289">
+<DATE>17-MAR-1987 16:40:30.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6575&#31;reute
+u f BC-IBM-&lt;IBM>-GETS-120.3   03-17 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> GETS 120.3 MLN DLR NAVY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>IBM Corp is being awarded a 120.3
+mln dlr Navy contract modification to a previously awarded
+contract for equipment and work related to the AN/UYS-1
+Advanced Signal Processors.
+    Work on the contract, which combines purchases for the U.S.
+Navy and Spain under the Foreign Military Sales program, is
+expected to be completed in July 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11203" NEWID="6290">
+<DATE>17-MAR-1987 16:40:37.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6576&#31;reute
+r f BC-FIRSTCORP-&lt;FCR>-INCRE   03-17 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRSTCORP &lt;FCR> INCREASES REPURCHASE PROGRAM</TITLE>
+<DATELINE>    RALEIGH, N.C., March 17 - </DATELINE><BODY>Firstcorp Inc said its board has
+increased the maximum number of Class A shares in its
+repurchase program to 250,000 from 200,000 shares.
+    The program was first adopted in June 1986 and provided for
+a maximum of 100,000 shares to be repurchased through June
+1987.
+    In June 1986, the company increased the shares to 200,000
+and extended the period to end September 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11204" NEWID="6291">
+<DATE>17-MAR-1987 16:41:05.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6577&#31;reute
+r f BC-CALIFORNIA-MICRO-DEVI   03-17 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA MICRO DEVICES &lt;CAMD> TRADES ON NMS</TITLE>
+<DATELINE>    MILPITAS, CALIF., March 17 - </DATELINE><BODY>California Micro Devices Corp
+said its common stock is now listed on the expansion of the
+Nasdaq National Market System.
+    The company said entry into NMS provides shareholders and
+other investors with last sale information and up-to-the-second
+volume information through stockbrokers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11205" NEWID="6292">
+<DATE>17-MAR-1987 16:41:21.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6578&#31;reute
+w f BC-CONTINENTAL,-EASTERN   03-17 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL, EASTERN &lt;EAL> COMBINE PROGRAMS</TITLE>
+<DATELINE>    HOUSTON, March 17 - </DATELINE><BODY>Texas Air Corp's Continental Airlines
+and Eastern Air Lines said they will combine their frequent
+flyer programs in late April.
+    Frequent flyer members will begin receiving one monthly
+statement that reflects combined earnings from both Continental
+and Eastern, the companies said.
+    Continental said reciprocity between the two programs was
+established in June 1986 and allowed members of either program
+to earn miles and redeem points for rewards from the other
+carrier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11206" NEWID="6293">
+<DATE>17-MAR-1987 16:41:32.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6580&#31;reute
+d f BC-TELEPHONE-AND-DATA-SY   03-17 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEPHONE AND DATA SYSTEMS INC &lt;TDS> YEAR NET</TITLE>
+<DATELINE>    CHICAGO, March 17 -
+    </DATELINE><BODY>Oper shr 94 cts vs 93 cts
+    Oper net 8,889,000 vs 8,570,000
+    Revs 155.0 mln vs 123.4 mln
+    Avg shrs 9,450,000 vs 9,174,000
+    NOTE: Net excludes discontinued operations a gain of
+4,679,000 dlrs, or 50 cts a share vs a loss of 720,000 dlrs, or
+seven cts a share. 1986 net includes charge of 865,000 dlrs
+from repeal of investment tax credits
+    Company corrects 1985 year per-share operating net in table
+which originally ran march 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11207" NEWID="6294">
+<DATE>17-MAR-1987 16:43:59.58</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f6581&#31;reute
+u f BC-******API-SAYS-DISTIL   03-17 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>API SAYS DISTILLATE STOCKS OFF 7.35 MLN BBLS, GASOLINE OFF 2.89 MLN, CRUDE OFF 4.39 MLN 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11208" NEWID="6295">
+<DATE>17-MAR-1987 16:48:53.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6586&#31;reute
+s f BC-CPC-INTERNATIONAL-INC   03-17 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPC INTERNATIONAL INC &lt;CPC> QTLY DIV</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., March 17 -
+    </DATELINE><BODY>Shr 31 cts vs 31 cts prior
+    Payable April 24
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11209" NEWID="6296">
+<DATE>17-MAR-1987 16:50:09.32</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6590&#31;reute
+u f BC-CONGRESSMAN-URGES-WHE   03-17 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONGRESSMAN URGES WHEAT EEP TO SOVIET UNION</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Kansas Republican Congressman Pat
+Roberts urged the Reagan administration to offer export
+enhancement program, eep, subsidies to the Soviet Union.
+    Speaking at a House foreign agriculture subcommittee,
+Roberts said the U.S. has offered eep to China and Poland, and
+should also include the Soviet Union.
+    Rep. Roberts said there had been some talk that the issue
+of an eep to Moscow had not been raised within the Reagan
+administration recently because Secretary of State George
+Shultz was out of the country.
+    "That very well may be the case," said Tom Kay, U.S.
+Agriculture Department Foreign Agricultural Service
+administrator. However, Kay told Reuters later that his reply
+to Roberts was not based on any particular knowledge.
+    Rep. Roberts urged Kay to convey to top officials of the
+USDA that some in Congress favor a wheat eep to Moscow.
+    "I'd be delighted to deliver the message," Kay replied.
+    Earlier, Kay had repeated Agriculture Secretary Richard
+Lyng's statement last week that "the door is not yet closed on
+an eep to the Soviet Union."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11210" NEWID="6297">
+<DATE>17-MAR-1987 16:50:58.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6597&#31;reute
+r f BC-PUBLIC-SERVICE-ENTERP   03-17 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLIC SERVICE ENTERPRISE &lt;PEG> TWO MONTHS NET</TITLE>
+<DATELINE>    NEWARK, N.J., March 17 - </DATELINE><BODY>Period ends February 28
+    Shr 89 cts vs 87 cts
+    Net 119.5 mln vs 114.6 mln
+    Revs 872.3 mln vs 917.4 mln
+    Year
+    Shr 2.87 dlrs vs 3.32 dlrs
+    Net 383.4 mln vs 413.6 mln
+    Revs 4.45 billion vs 4.45 billion
+    NOTE: Full name Public Service Enterprise Group Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11211" NEWID="6298">
+<DATE>17-MAR-1987 16:51:26.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6599&#31;reute
+h f BC-DAMON-CREATIONS-INC-&lt;   03-17 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAMON CREATIONS INC &lt;DNI> 4TH QTR JAN THREE NET</TITLE>
+<DATELINE>    NEW YORK, March 17 - 
+    </DATELINE><BODY>Shr profit 49 cts vs loss 41 cts
+    Net profit 543,000 vs loss 457,000
+    Revs 10.4 mln vs 14.2 mln
+    Year
+    Shr loss 71 cts vs loss 2.11 dlrs
+    Net loss 781,000 vs loss 2,325,000
+    Revs 38.9 mln vs 44.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11212" NEWID="6299">
+<DATE>17-MAR-1987 16:52:43.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6607&#31;reute
+r f BC-GATES-LEARJET-CORP-&lt;G   03-17 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATES LEARJET CORP &lt;GLJ> 4TH QTR LOSS</TITLE>
+<DATELINE>    TUCSON, Ariz., March 17 -
+    </DATELINE><BODY>Shr loss 12 cts vs loss 99 cts
+    Net loss 1,476,000 vs loss 11,965,000
+    Sales 83.4 mln vs 110.9 mln
+    Year
+    Shr loss 1.79 dlrs vs loss 1.90 dlrs
+    Net loss 21,720,000 vs loss 22,969,000
+    Sales 259.0 mln vs 317.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11213" NEWID="6300">
+<DATE>17-MAR-1987 16:56:22.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f6611&#31;reute
+r f BC-HECHINGER-&lt;HECHA>-CON   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HECHINGER &lt;HECHA> CONVERTIBLES UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Standard and Poor's Corp said it
+raised to BBB-plus from BBB Hechinger Co's 86 mln dlrs of
+convertible subordinated debentures of 2009.
+    S and P cited Hechinger's outstanding record of sales and
+earnings growth as well as what it termed the company's
+position as one of the best operators in the retail home
+improvement industry.
+    It also said the firm's financial performance as measured
+by profitability and debt leverage underscore strong credit
+quality. S and P assigned a BBB-plus rating to Hechinger's
+planned 100 mln dlr issue of convertible debt due 2012.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11214" NEWID="6301">
+<DATE>17-MAR-1987 16:58:22.03</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f6615&#31;reute
+u f BC-/API-SAYS-DISTILLATE,   03-17 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>API SAYS DISTILLATE, GAS STOCKS OFF IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Distillate fuel stocks held in
+primary storage fell by 7.35 mln barrels in the week ended
+March 13 to 112.74 mln barrels from a revised 120.09 mln the
+previous week, the American Petroleum Institute (API) said.
+    In its weekly statistical bulletin, the oil industry trade
+group said gasoline stocks fell 2.89 mln barrels to 248.44 mln
+barrels from a revised 251.33 mln, and crude oil stocks dropped
+4.39 mln barrels to 325.13 mln from a revised 329.52 mln.
+    It said residual fuel stocks fell 250,000 barrels to 35.73
+mln from 35.98 mln barrels.
+    API said refinery runs in the week rose to 11.80 mln
+barrels per day (bpd) from a revised 11.70 mln and refinery use
+of operating capacity was 75.7 pct, up from a revised 75.0 pct.
+    Crude oil imports in the week rose to 3.66 mln bpd from a
+revised 2.67 mln, API added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11215" NEWID="6302">
+<DATE>17-MAR-1987 17:00:03.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6621&#31;reute
+u f BC-CHEVRON-&lt;CHV>-UNIT-GE   03-17 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEVRON &lt;CHV> UNIT GETS 50.3 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Chevron Corp's Chevron USA Inc is
+being awarded a 50.3 mln dlr Defense Logistics Agency contract
+for jet fuel, the Defense Department said.
+    It said work on the contract, which was awarded as part of
+a multi-contract procurement program, is expected to be
+completed by April 1988.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11216" NEWID="6303">
+<DATE>17-MAR-1987 17:00:32.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6622&#31;reute
+u f BC-PACIFIC-STOCK-EXCHANG   03-17 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC STOCK EXCHANGE HIT BY COMPUTER FAILURE</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>The Pacific Stock Exchange said it was
+omitting today's closing report on the most active issues
+because of a computer malfunction at the exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11217" NEWID="6304">
+<DATE>17-MAR-1987 17:00:46.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6623&#31;reute
+r f BC-PFIZER-&lt;PFE>-STUDIES   03-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PFIZER &lt;PFE> STUDIES DRUG AS WEIGHT LOSS TOOL</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Pfizer Inc said it expects to file a
+new drug application in the U.S. and in other markets this year
+for sertraline, a treatment for depression.
+    In its annual report, Pfizer said that in addition to the
+drug's anti-depressant action, sertraline is currently
+undergoing studies to explore its ability to promote weight
+loss. Company officials were not immediately available to
+comment further.
+    Eli Lilly and Co's &lt;LLY> Prozac, an antidepressant awaiting
+marketing approval, has shown promise in promoting weight loss.
+    Pfizer also said it plans to file for U.S. marketing
+approval for certrizine, a "novel" antihistamine for hay fever,
+and other allergic reactions.
+    In 1986, Pfizer earned 660 mln dlrs or 3.90 dlrs per share
+on revenues of 4.5 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11218" NEWID="6305">
+<DATE>17-MAR-1987 17:01:09.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6626&#31;reute
+r f BC-CPC-INTERNATIONAL-INC   03-17 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPC INTERNATIONAL INC &lt;CPC> REGULAR DIVIDEND</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., March 17 - 
+    </DATELINE><BODY>Qtly div 31 cts vs 31 cts prior
+    Pay April 24
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11219" NEWID="6306">
+<DATE>17-MAR-1987 17:01:14.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f6627&#31;reute
+d f BC-cimarron-petroleum   03-17 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CIMARRON PETROLEUM LTD> NINE MTHS NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 17 -
+    </DATELINE><BODY>Shr 48 cts vs 64 cts
+    Net 1,959,404 vs 2,621,778
+    Revs 5,132,626 vs 8,167,401
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11220" NEWID="6307">
+<DATE>17-MAR-1987 17:01:54.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6629&#31;reute
+r f BC-PRIDE-REFINING-GETS-7   03-17 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIDE REFINING GETS 75 MLN DLR DEFENSE CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Pride Refining Co of Abilene, Texas,
+is being awarded a 75 mln dlr contract for jet fuel, the
+Defense Department said.
+    It said work on the contract, which was awarded as part of
+a multi-contract procurement program, is expected to be
+completed by April 30, 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11221" NEWID="6308">
+<DATE>17-MAR-1987 17:02:47.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6631&#31;reute
+r f BC-PUERTO-RICAN-COMPANY   03-17 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUERTO RICAN COMPANY GETS JET FUEL CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The Puerto Rico Sun Oil Co is being
+awarded a 42.4 mln dlr contract for jet fuel, the Defense
+Department said.
+    It said work on the contract, which was awarded as part of
+a multi-contract procurement program, is expected to be
+completed by April 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11222" NEWID="6309">
+<DATE>17-MAR-1987 17:03:21.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6632&#31;reute
+d f BC-ELECTRO-AUDIO-DYNAMIC   03-17 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRO AUDIO DYNAMICS INC &lt;EAD> 2ND QTR JAN 31</TITLE>
+<DATELINE>    GREAT NECK, N.Y., March 17 -
+    </DATELINE><BODY>Shr profit 14 cts vs loss 55 cts
+    Net profit 864,000 vs loss 2.1 mln
+    Revs 24.2 mln vs 1.5 mln
+    Six months
+    Shr profit seven cts vs loss 74 cts
+    Net profit 434,000 vs loss 2.7 mln
+    Revs 42.5 mln vs 2.9 mln
+    NOTE:1986 2nd qtr and six months includes loss of 600,000
+dlrs and 285,000 dlrs respectively from discontinued operations
+and exclude operations of Action DRug Co Inc acquired by
+company's 81 pct owned subsidiary, Technodyne, in August 1986.
+    1987 net includes gain of 2.0 mln dlrs from sale of
+building and extraordinary gain of 411,000 dlrs from tax loss
+carryforward.
+    Share earnings for both periods reflect preferred stock
+dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11223" NEWID="6310">
+<DATE>17-MAR-1987 17:03:28.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6633&#31;reute
+d f BC-TECHNODYNE-INC-&lt;TND>   03-17 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNODYNE INC &lt;TND> 2ND QTR NET</TITLE>
+<DATELINE>    GREAT NECK, N.Y., March 17 -
+    </DATELINE><BODY>Shr profit 14 cts vs loss 17 cts
+    Net profit 686,000 vs loss 831,000
+    Revs 24.2 mln vs 1.5 mln
+    Six mths
+    Shr profit 22 cts vs loss 17 cts
+    Net profit 1,062,000 vs loss 812,000
+    Revs 42.5 mln vs 2.9 mln
+    NOTE: Quarter ends January 31.
+    1986 excludes extraordinary gain of six cts per share in
+the quarter and 10 cts in the six months. 1985 excludes
+discontinued operations loss of six cts a share in the quarter
+and loss of two cts in the six months.
+    Company is 81.5 pct owned by Electro Audio Dynamics &lt;EAD>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11224" NEWID="6311">
+<DATE>17-MAR-1987 17:03:43.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f6634&#31;reute
+d f BC-sceptre-investment   03-17 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SCEPTRE INVESTMENT COUNSEL LTD> 1ST QTR NET</TITLE>
+<DATELINE>    TORONTO, March 17 - </DATELINE><BODY>Period ended January 31
+    Shr 22 cts vs 16 cts
+    Net 518,564 vs 374,198
+    Revs 2,090,724 vs 1,614,079
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11225" NEWID="6312">
+<DATE>17-MAR-1987 17:04:17.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6636&#31;reute
+h f BC-D/P-SELECTED-UTILITIE   03-17 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>D/P SELECTED UTILITIES &lt;DNP> HIKES PAYOUTS</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Duff and Phelps Selected Utilities Inc
+said it approved payment of higher monthly dividends.
+    The closed end-investment company approved payment of 4.5
+cts on April 10, record March 31; of five cts, payable May 11,
+record April 30; and of 5.5 cts, payable June 10, record May
+29.
+    Duff and Phelps first monthly dividend of four cts was paid
+on March 10, it noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11226" NEWID="6313">
+<DATE>17-MAR-1987 17:08:54.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6648&#31;reute
+d f BC-AMERICAN-ELECTROMEDIC   03-17 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ELECTROMEDICS CORP &lt;AECO> 2ND QTR LOSS</TITLE>
+<DATELINE>    GREAT NECK, N.Y., March 17 - </DATELINE><BODY>Qtr ends Jan 31
+    Shr loss three cts vs loss six cts
+    Net loss 93,000 vs loss 191,000
+    Revs 338,000 vs 554,000
+    Six mths
+    Shr loss four cts vs loss seven cts
+    Net loss 108,000 vs loss 219,000
+    Revs 854,000 vs 1,283,000
+    NOTE: Company is 80 pct owned by Technodyne Inc &lt;TND>, a
+subsidiary of Electro Audio Dynamics Inc &lt;EAD>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11227" NEWID="6314">
+<DATE>17-MAR-1987 17:09:44.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6649&#31;reute
+u f BC-BOEING-&lt;BA>-UNIT-GETS   03-17 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING &lt;BA> UNIT GETS 31.3 MLN DLR NAVY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>Boeing Co's Boeing Aerospace Co is
+being awarded 31.3 mln dlrs under a contract for spare and
+repair parts for the E-6A aircraft, the Defense Department
+said.
+    It said work on the contract is expected to be completed in
+December 1992.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11228" NEWID="6315">
+<DATE>17-MAR-1987 17:10:57.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6654&#31;reute
+d f BC-LENNAR-&lt;LEN>-COMPLETE   03-17 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LENNAR &lt;LEN> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    MIAMI, March 17 - </DATELINE><BODY>Lennar Corp said it completed the
+previously announced acquisition of Development Corp of America
+&lt;DCA>.
+    Consequently, it said the American Stock Exchange suspended
+trading of Development Corp's common stock, 10 pct subordinated
+debentures due 1993 and 12 pct subordinated debentures due
+1994.
+    Lennar said the debentures will continue to be traded
+over-the-counter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11229" NEWID="6316">
+<DATE>17-MAR-1987 17:11:20.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6656&#31;reute
+u f BC-UNITED-TECHNOLOGIES-&lt;   03-17 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TECHNOLOGIES &lt;UTX> GETS NAVY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>The Sikorsky Aircraft division of
+United Technologies Corp is being awarded a 27.2 mln dlr
+contract modification for four Combat Search and Rescue Special
+Warfare Support helicopters, the Defense Department said.
+    It said work on the contract is expected to be completed in
+December 1992.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11230" NEWID="6317">
+<DATE>17-MAR-1987 17:12:28.61</DATE>
+<TOPICS><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6660&#31;reute
+d f BC-IBP-(OXY)-PLANT-REOPE   03-17 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBP (OXY) PLANT REOPENS WITHOUT INCIDENT</TITLE>
+<DATELINE>    CHICAGO, March 17 - </DATELINE><BODY>Iowa Beef Processors Inc said
+"hundreds" of its employees returned to work at its Dakota
+City, Nebraska beef processing plant without incident.
+    Last week, Iowa Beef said it would lift a lockout in effect
+at the plant since mid-December, which affected 2,800 members
+of the United Food and Commercial Workers Union.
+    Both union and non-union meatpackers who returned to work,
+agreed to comply with Iowa Beef's last contract offer.
+    "Start-up went well today and operations will continue to
+pick up as employees return and others are hired," according to
+a company statement. Picketing UFCWU members at the plant did
+not disrupt operations, a company spokesman said.
+    "Our employees are asked to continue to return to work at
+8AM unless otherwise notified," he said.
+    Iowa Beef, a subsidiary of Occidental Petroleum Corp, said
+it is beginning to take applications for permanent positions at
+the plant.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11231" NEWID="6318">
+<DATE>17-MAR-1987 17:14:01.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6665&#31;reute
+d f BC-GE-&lt;GE>-GETS-27.4-MLN   03-17 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> GETS 27.4 MLN DLR NAVY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>General Electric Co's Aircraft
+Engine Business Group is being awarded 27.4 mln dlr contract
+for ancillary equipment for the F110 engine and the F-14A
+aircraft, the Defense Department said.
+    It said work on the contract is expected to be completed in
+October 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11232" NEWID="6319">
+<DATE>17-MAR-1987 17:15:47.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f6668&#31;reute
+r f BC-OAKWOOD-HOMES-&lt;OH>-TO   03-17 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OAKWOOD HOMES &lt;OH> TO SELL CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Oakwood Homes Corp said it filed with
+the Securities and Exchange Commission a registration statement
+covering a 25 mln dlr issue of convertible subordinated
+debentures due 2012.
+    Proceeds will be invested in the company's unconsolidated
+finance subsidiary, Oakwood Acceptance Corp, Oakwood said.
+    The company named Donaldson, Lufkin and Jenrette Securities
+Corp as lead manager of the offering. It said Legg Mason Wood
+Walker and J.C. Bradford would co-manage the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11233" NEWID="6320">
+<DATE>17-MAR-1987 17:18:30.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6675&#31;reute
+u f BC-BRISTOL-MYERS-&lt;BMY>-S   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRISTOL-MYERS &lt;BMY> SAYS AIDS VACCINE PROMISING</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Bristol-Myers Co said scientists at
+its Genetic Systems unit, which markets a blood screening test
+for AIDS, have created an AIDS vaccine which produced
+antibodies to the AIDS virus in mice and monkeys.
+    The report said the vaccine will be tested in humans, but
+company officials were not immediately available to comment on
+when the tests would begin.
+    The report said the vaccine consists of smallpox virus
+remodeled to carry a key gene found on the AIDS virus, creating
+a hybrid virus that simultaneously immunizes against smallpox
+and the AIDS virus proteins.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11234" NEWID="6321">
+<DATE>17-MAR-1987 17:24:43.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f6690&#31;reute
+h f BC-labatt-studying-expan   03-17 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LABATT STUDYING EXPANSION IN EUROPE</TITLE>
+<DATELINE>    Toronto, March 17 - </DATELINE><BODY>&lt;John Labatt Ltd> is considering
+expansion in Europe, but has made no decisions as to strategy,
+according to spokesman I.C. Ferrier.
+    The company opened a London office about six months ago,
+and "we are prepared to invest in that area to see how one might
+do business over there," he said.
+    But the company has not decided whether it might open
+breweries, buy a European company or whether European expansion
+is feasible at all, he added.
+   Labatt feels Europe is a logical step for the company, since
+it is doing "reasonably well" in the U.S. and "there aren't too
+many other places" to expand profitably, Ferrier said.
+    In Canada, Labatt is the leading brewer, with about 41 pct
+of the market, according to market analysts. &lt;Molson Companies
+Ltd> holds about 32 pct and &lt;Carling O'Keefe Ltd> has 23 pct,
+analysts estimate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11235" NEWID="6322">
+<DATE>17-MAR-1987 17:25:58.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6693&#31;reute
+u f BC-COURT-BLOCKS-INJUNCTI   03-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT BLOCKS INJUNCTION SOUGHT AGAINST COASTAL</TITLE>
+<DATELINE>    HOUSTON, March 17 - </DATELINE><BODY>A U.S. Bankruptcy Judge ruled that
+&lt;TransAmerican Natural Gas Corp> can not seek an injunction in
+Texas State court to block Coastal Corp &lt;CGP> from presenting a
+plan of reorganization in TransAmerican's bankruptcy
+proceeding.
+    However, U.S. bankruptcy judge Manuel Leal also ruled that
+TransAmerican could pursue its two billion dlr lawsuit against
+Coastal that alleges the Houston based gas company is
+attempting to unlawfully gain control of Transamerican's Texas
+gas reserve and pipeline system.
+    Leal told both Coastal and TransAmerican that he plans to
+maintain jurisdiction over TransAmerican's bankruptcy
+reorganization proceedings that began in 1983.
+    After the hearing, John Nabors, a lawyer for TransAmerican,
+said the company would pursue its state court lawsuit seeking
+2.0 billion dlrs in damages from Coastal.
+    Nabors contends that Coastal has unlawfully attempted to
+replace TransAmerican's negotiated reorganization plan paying
+secured creditors in full with a plan of its own.
+    "They're not going to pay any money under their plan,
+they're just going to operate (the gas wells) and give profit
+to the creditors," Nabors said.
+    He said Coastal's plan, which has not yet been submitted to
+the Bankruptcy Court, offered to pay creditors 50 mln dlrs
+annually for seven years.
+    TransAmerican's plan would repay a total of 770 mln dlrs in
+debts to secured creditors and the equivalent of 30 cts on the
+dollar to unsecured creditors.
+     A Coastal unit is among Transamerican's unsecured
+creditors and is owed about 600,000 dlrs.
+    Transamerican said it is the second largest producer of
+natural gas in Texas with reserves of 1.2 trillion cubic feet
+and more than 1,000 miles of pipeline and gas gathering lines.
+    Coastal, one of the nation's largest gas producers, earned
+71.6 mln dlrs on sales of 6.7 billion dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11236" NEWID="6323">
+<DATE>17-MAR-1987 17:26:59.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6695&#31;reute
+h f BC-PHP-HEALTHCARE-CORP-&lt;   03-17 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHP HEALTHCARE CORP &lt;PHPH> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    FALLS CHURCH, Va., March 17 - 
+    </DATELINE><BODY>Shr 10 cts vs 10 cts
+    Net 358,941 vs 299,838
+    Revs 8,645,289 vs 4,532,175
+    Avg shrs 3,446,752 vs 2,921,173
+    Nine mths
+    Shr 23 cts vs 12 cts
+    Net 705,799 vs 491,076
+    Revs 21.5 mln vs 11.0 mln
+    Avg shrs 3,093,491 vs 4,068,000
+    Note: Net includes tax credits of 164,000 dlrs vs 123,634
+dlrs for qtr and 311,000 dlrs vs 207,719 dlrs for nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11237" NEWID="6324">
+<DATE>17-MAR-1987 17:29:32.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6702&#31;reute
+r f BC-BANKERS-TRUST-NEW-YOR   03-17 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST NEW YORK CORP &lt;BT> QTLY DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 17 - 
+    </DATELINE><BODY>Qtly div 41.5 cts vs 41.5 cts prior
+    Pay April 28
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11238" NEWID="6325">
+<DATE>17-MAR-1987 17:31:26.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6709&#31;reute
+d f BC-HALLWOOD-GROUP-INC-&lt;H   03-17 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HALLWOOD GROUP INC &lt;HWG> 2ND QTR JAN 31 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 17 -
+    </DATELINE><BODY>Shr loss nine cts vs profit 23 cts
+    Net loss 418,000 vs profit 1,037,000
+    Revs 2,872,000 vs 4,700,000
+    Six mths
+    Shr profit nine cts vs profit 52 cts
+    Net profit 418,000 vs profit 2,365,000
+    Revs 6,853,000 vs 9,379,000
+    NOTE: Includes tax loss carryforward gains of 164,000 dlrs
+vs 551,000 dlrs in quarter, and gains of 365,000 dlrs vs
+1,016,000 dlrs in the six months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11239" NEWID="6326">
+<DATE>17-MAR-1987 17:34:01.50</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f6714&#31;reute
+b f BC-/LYNG-SAID-TO-HAVE-NO   03-17 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG SAID TO HAVE NO COMMENT ON USSR WHEAT EEP</TITLE>
+<DATELINE>    WASHINGTON, March 17 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng told representatives of several of the largest grain
+exporting firms and two farm organizations that he was not in a
+position to comment on their request that the Reagan
+administration offer subsidized wheat to the Soviet Union,
+according to participants in today's meeting.
+    "He (Lyng) simply told us he was not in any position to talk
+about an EEP (export enhancement program) initiative to the
+Soviet Union," said Glen Hofer, vice president of the National
+Council of Farmer Cooperatives.
+    Another participant in the meeting, who asked not to be
+identified, said Lyng was "unresponsive" to the group's request.
+    Participants in the meeting included Cargill Inc,
+Continental Grain Co, Louis Dreyfus Corp, Union Equity
+Cooperative Exchange, the National Association of Wheat
+Growers, the National Council of Farmer Cooperatives, among
+others, participants said.
+    Deputy Agriculture Secretary Peter Myers and Under
+Secretary Daniel Amstutz also attended the 30-minute meeting.
+    Hofer described Lyng as "sympathetic but noncommittal," and
+said he thought he detected "a sense of frustration" on Lyng's
+part at not being able to respond more positively to the
+group's urging.
+    A grain industry representative said some participants were
+"puzzled" by USDA's apparent reluctance to bring before the
+cabinet council an EEP wheat offer to the Soviets.
+    "There is a feeling that there is more receptivity (to the
+idea) within the cabinet council now than there ever has been,"
+this official, who asked not to be identified, said, referring
+to an EEP wheat offer to the Soviets.
+    This official said there was not a significant amount of
+pressure being exerted by lawmakers on Lyng to make an EEP
+offer to Moscow.
+    Reminded that Senate Agriculture Committee Chairman Patrick
+Leahy (D-Vt.) had written two letters to Lyng urging such an
+offer, this official said Lyng had received virtually no phone
+calls from lawmakers on the subject.
+    But Hofer said other important matters at the White House,
+rather than an absence of political pressure, might have
+restrained Lyng.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11240" NEWID="6327">
+<DATE>17-MAR-1987 17:37:22.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f6718&#31;reute
+d f BC-AVATAR-HOLDINGS-&lt;AVTR   03-17 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVATAR HOLDINGS &lt;AVTR> OFFERING RIGHTS TO NOTES</TITLE>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Avatar Holdings Inc said it is
+offering rights to buy 31.2 mln dlrs principle amount of 5-1/4
+pct convertible subordinated debentures due 2007.
+    The company said shareholders of record on March 17 have 30
+days to exercise rights for the notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11241" NEWID="6328">
+<DATE>17-MAR-1987 17:39:09.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6721&#31;reute
+r f BC-STOCKS-VOTE   03-17 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OTC MARKET PROPOSES ONE-SHARE, ONE-VOTE</TITLE>
+<AUTHOR>    By Judith Crosson, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>The National Association of Securities
+Dealers said all stock exchanges should require that listed
+companies adopt a "one-share, one-vote" rule, but with a few
+exceptions.
+    In a letter to the Securities and Exchange Commission, NASD
+President Gordon Macklin said the group would be happy to be
+the first exchange to adopt a uniform rule but with certain
+exceptions.
+    "Clearly the NASD would willingly be the first to do so. If
+a voluntary private sector resolution is not practical, then
+the commission should adopt the rule to apply to all markets,"
+the NASD said.
+    An NASD study found that 95 percent of the companies in the
+OTC offered only one class of stock.
+    The NASD proposal calls for all stock markets to have a
+uniform rule which would emphasize the principle of equal
+voting rights, but allow for legitimate variations.
+    The NASD would allow companies to issue shares that do not
+have voting rights as long as the limitation is clearly spelled
+out to investors. It wants to prevent listed companies from
+turning voting shares into non-voting shares, without
+shareholder approval, Parrillo said.
+    "A uniform rule should be written to cure what has been
+construed by some to be an abusive practice involving the use
+of stock with other than full voting rights," the association
+said in the statement.
+    Exceptions would include:
+    -- shares in a registerd public offering where all facts
+connected with the company's capital structure are clearly
+spelled out in the prospectus.
+    -- shares issued in connection with a merger, acquisition
+or recapitalization where the exchange of shares is accompanied
+by detailed proxy material.
+    The NYSE rule would allow companies to have a dual class of
+stock only if a majority of publicly held shares and a majority
+of independent directors on the board approve the move. The
+NYSE has allowed its few listed companies which have dual
+classes to continue trading, pending approval from the SEC.
+    The NASD specifically wants to disallow issuance of dual
+class shares where those with superior voting rights are not
+resalable. Parillo said such a provision would in effect
+prevent a firm from ever being purchased by anyone else.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11242" NEWID="6329">
+<DATE>17-MAR-1987 17:41:06.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f6726&#31;reute
+r f BC-WESTWORLD-COMMUNITY-&lt;   03-17 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTWORLD COMMUNITY &lt;WCHI> EXTENDS EXCHANGE</TITLE>
+<DATELINE>    LAKE FOREST, Calif., March 17 - </DATELINE><BODY>Westworld Community
+Healthcare Inc said it is extending by ten days to March 27 its
+exchange offers for subordinated notes and debentures.
+    The extension effects its exchange offers for 30 mln dlrs
+principal amount of 14-1/2 pct subordinated notes due 2000 and
+35 mln dlrs principal amount of 14-3/8 pct subordinated
+debentures due 1995.
+    To date, 3,863,000 dlrs principal amount of the securities
+has been tendered under the offer, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11243" NEWID="6330">
+<DATE>17-MAR-1987 17:45:16.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f6736&#31;reute
+u f BC-TRANS-MOUNTAIN-ALLOWE   03-17 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANS MOUNTAIN ALLOWED 10.6 PCT TOLL RISE</TITLE>
+<DATELINE>    OTTAWA, March 17 - </DATELINE><BODY>The National Energy Board said Trans
+Mountain Pipe Line Co Ltd will be allowed to raise its tolls
+10.6 pct, effective Jan 1, 1987.
+    Last September, the board approved an average rate of
+return on equity of 14 pct effective Jan 1, 1987. This rate of
+return is unchanged by today's decision.       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11244" NEWID="6331">
+<DATE>17-MAR-1987 17:46:39.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f6741&#31;reute
+r f BC-PAPERBOARD-PLANS-BID   03-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPERBOARD PLANS BID TO ACQUIRE BELKIN</TITLE>
+<DATELINE>    TORONTO, March 17 - </DATELINE><BODY>&lt;Paperboard Industries Corp> said it
+planned to make an unconditional 21 dlr a share cash offer for
+&lt;Belkin Inc>'s 7.6 mln common and 2.3 mln non-voting shares.
+    Paperboard said Balaclava Enterprises Ltd, owned by Morris
+Belkin, agreed to tender 98.2 pct of Belkin's common shares.
+It added that in case of a competing offer of more than 23
+dlrs, it had the right to match it. If it did not match the
+offer, Balaclava could accept the competing bid.
+    The two companies manufacture linerboard and boxboard from
+recycled fibre. Their combined revenues are about 500 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11245" NEWID="6332">
+<DATE>17-MAR-1987 17:47:29.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6743&#31;reute
+r f BC-HAWKEYE-&lt;HWKB>-HOLDER   03-17 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKEYE &lt;HWKB> HOLDERS APPROVE DEBT PLAN</TITLE>
+<DATELINE>    DES MOINES, Ia., March 17 - </DATELINE><BODY>Hawkeye Bancorporation said
+shareholders at the annual meeting approved the bank holding
+company's debt restructuring package with its principal
+creditors.
+    The plan calls for the company to issue new class of
+preference stock to Hawkeye's principal creditors in exchange
+for 32.3 mln dlrs of debt, and an exchange offer to preferred
+holders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11246" NEWID="6333">
+<DATE>18-MAR-1987 00:03:21.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6943&#31;reute
+f f BC-CATHAY-PACIFIC-AIRWAY   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CATHAY PACIFIC AIRWAYS 1986 NET PROFIT 1.23 BILLION H.K. DLRS VS 777.5 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11247" NEWID="6334">
+<DATE>18-MAR-1987 00:05:52.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f6946&#31;reute
+u f BC-MALAYSIA-SAYS-IT-DEPO   03-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA SAYS IT DEPOSITED FUNDS IN AILING BANK</TITLE>
+<DATELINE>    KUALA LUMPUR, March 18 - </DATELINE><BODY>The Malaysian government has
+deposited 405 mln ringgit with the financially troubled
+&lt;Cooperative Central Bank Bhd> (CCB) since last October, Deputy
+Finance Minister Sabaruddin Chik said.
+    He told Parliament the government has always supported CCB.
+The statement is the government's first acknowledgment that it
+has put money into the bank.
+    CCB's management board has been changed twice since last
+June. It reported pretax profit of 10.57 mln ringgit in the
+half-year to June 30, 1986, down from 19.83 mln ringgit a year
+earlier. The bank did not release its net results.
+    New bank chairman Nik Hussein Abdul Rahman has said he
+asked police to investigate possible wrongdoing and
+malpractices related to loans made mainly to property
+developers and politicians.
+    The bank had a paid-up capital of 52.16 mln ringgit and
+deposits totalling 1.67 billion at June 30 last year.
+    Malaysia's Central Bank has rescued two large commercial
+banks, United Asian Bank Bhd and Perwira Habib Bank (Malaysia)
+Bhd, since late 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11248" NEWID="6335">
+<DATE>18-MAR-1987 00:13:27.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6950&#31;reute
+b f BC-CATHAY-PACIFIC-AIRWAY   03-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATHAY PACIFIC AIRWAYS LTD &lt;CAPH.HK> YEAR 1986</TITLE>
+<DATELINE>    HONG KONG, March 18 -
+    </DATELINE><BODY>Shr 46.5 H.K. Cents vs 29.3
+    Final div 14 cents, making 20 cents (no comparison)
+    Net 1.23 billion dlrs vs 777.5 mln
+    Turnover 9.06 billion dlrs vs 7.52 billion
+    Note - Dividend payable May 29, books close May 11 to 22.
+    Note - Company floated in April 1986 and is now 50.23 pct
+owned by Swire Pacific Ltd &lt;SWPC.HK>, 16.43 pct by Hongkong and
+Shanghai Banking Corp &lt;HKBH.HK> and 12.5 pct by &lt;China
+International Trust and Investment Corp>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11249" NEWID="6336">
+<DATE>18-MAR-1987 00:20:32.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f6952&#31;reute
+u f BC-ONE-DEAD-AS-PHILIPPIN   03-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONE DEAD AS PHILIPPINE ARMY SCHOOL BOMBED</TITLE>
+<DATELINE>    MANILA, March 18 - </DATELINE><BODY>A bomb blast at the Philippine Military
+Academy killed at least one person and wounded about 40 during
+rehearsals for a weekend visit by President Corazon Aquino,
+military and hospital officials said.
+    Reporters at the scene told Reuters the death toll was
+likely to rise, but there was no official confirmation.
+    Military sources at first suggested the bomb might have
+been planted by communist rebels, but no group immediately
+claimed responsibility.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11250" NEWID="6337">
+<DATE>18-MAR-1987 00:25:06.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f6955&#31;reute
+u f BC-PAPER-SAYS-U.S.-MAY-S   03-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPER SAYS U.S. MAY SEEK TO CURB FOREIGN TAKEOVERS</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>The Reagan administration will
+consider curbing foreign takeovers of security-sensitive
+industries such as semiconductors and computers, the New York
+Times said, quoting an unnamed senior administration official.
+    "I think there's a strong sentiment here that some
+industries are not totally up for grabs," the paper quoted the
+official as saying.
+    "Two of the most visible (industries) are semiconductor and
+computer companies," said the official, who the newspaper said
+was a central figure in the opposition to Japan's Fujitsu Ltd
+&lt;ITSU.T> takeover bid for &lt;Fairchild Semiconductor Corp>.
+    The Fairchild-Fujitsu deal was abandoned on Monday, and
+industry analysts said the move was a victory for the Reagan
+administration in its drive to beat back Japanese competition
+in the important computer chip manufacturing industry.
+    Officials told Reuters last week that Commerce Secretary
+Malcolm Baldrige and Defence Secretary Caspar Weinberger fought
+the planned sale of Fairchild by French-controlled Schlumberger
+Ltd &lt;SLB> to Japan's largest computer maker because it could
+have left the U.S. Military dependent on foreign sources for
+vital technology.
+    The New York Times quoted Baldrige as saying the time had
+come to limit takeovers in security-sensitive areas.
+    "Everybody wants an open investment policy, but there have
+to be some exceptions for the national interest," Baldrige was
+quoted as saying.
+    The newspaper said Baldrige and Weinberger are expected to
+bring the takeover issue before a top-level interagency
+policymaking group, such as Treasury Secretary James Baker's
+Economic Policy Council or the president's National Security
+Council.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11251" NEWID="6338">
+<DATE>18-MAR-1987 01:34:11.74</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f6995&#31;reute
+u f BC-YEN-USURPS-GODZILLA-A   03-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEN USURPS GODZILLA AS JAPAN'S FAVOURITE HORROR</TITLE>
+<AUTHOR>    By Steven Brull, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 18 - </DATELINE><BODY>"Endaka," the strong yen, has usurped
+"Godzilla Versus the Sea Monster" as Japan's favourite horror
+story.
+    The yen's 40 pct surge against the dollar over the last two
+years has frightened foreigners with tales of the 40 dlr melon,
+the 120 dlr taxi ride from the airport and rents of 15,000 dlrs
+a month.
+    But "endaka," like many Japanese products, is for foreign
+consumption, locals and long-time foreign residents said.
+    "It's not really that expensive. I don't pay attention to
+the cost of living," said Cheryl Richmond, a 25-year-old
+Canadian teacher of English in Tokyo.
+    Richmond said she earns 1,635 dlrs a month by "chatting" 40
+hours a week in English to Japanese who hope to learn the
+language. For 326 dlrs a month she rents a sunny, quiet
+two-room flat some 20 minutes by train from Shinjuku, one of
+Tokyo's prime business and entertainment districts, and has
+managed to send home an average of 320 dlrs a month.
+    She spends less than 6.50 dlrs a day on food despite eating
+out once a day.
+    "For lunch I buy the teishoku (daily special) which comes
+with soba (buckwheat noodles) or pork cutlet, pickles, miso
+soup, rice and tea," although she takes only coffee for
+breakfast and a sandwich for dinner.
+    No one argues that Tokyo is cheap, but long-time residents
+see no need to spend the 2,000 to 15,000 dlrs a month spent by
+foreign firms to house executives in Western-style homes.
+    The companies feel otherwise. They say they must pay the
+price to bring over the best people needed to back up their
+push into Japan's increasingly lucrative markets.
+    "You can't expect people to move from New York or Sydney and
+trade down. It's not reasonable," said a spokesman for
+International Business Machines Corp (IBM), which supports
+Western lifestyles for more than 350 foreigners in Tokyo.
+    Tokyo is the world's most expensive city for business
+travellers, a survey issued this month by Employment Conditions
+Abroad said. It found that businessmen visiting Tokyo spend on
+average more than 300 dlrs a day.
+    While the businessmen have little choice but to come here,
+many tourists, especially those from Europe, are opting to
+visit sunnier and cheaper climes in Southeast Asia.
+    The Japan Tourist Bureau estimates "endaka" caused an 11.5
+pct drop in the number of foreign visitors to Japan last year.
+    Those who came tried to cut back on expenses, chiefly by
+curtailing shopping, it said.
+    To help combat "endaka" and the slump in tourism, the Tourist
+Bureau prepared a pamphlet, "Economical Travel in Japan."
+    It gives budget-saving tips on finding medium-priced
+business hotels and Japanese-style inns, cheap sushi and public
+baths while getting a "revealing glimpse of Japanese in their
+daily lives."
+    Residents of Okubo House, a transit hotel in Tokyo's
+Shin-Okubo love hotel district, offer even more savvy advice.
+    For 9.80 dlrs a night, Scott Perry, a 23-year-old budding
+English teacher from New Zealand, shares an unheated,
+berth-sized twin-room in the Japanese "flop house."
+    Perry has budgeted 26 to 33 dlrs a day while he looks for
+work. "Normally I eat 'teishoku' for 400 yen but sometimes I'll
+splurge at Shakey's where for 550 yen you can eat unlimited
+pizza for at least two hours."
+    Still, there are the extras that dent the budget. "I had to
+spend 600 yen today to dry-clean my suit coat," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11252" NEWID="6339">
+<DATE>18-MAR-1987 01:59:17.97</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f7008&#31;reute
+u f BC-BANGLADESH-PURCHASE-O   03-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH PURCHASE OF WHEAT CONFIRMED</TITLE>
+<DATELINE>    DHAKA, March 18 - </DATELINE><BODY>Trade sources here confirmed earlier
+tentative reports that Bangladesh had bought 200,000 tonnes of
+optional origin feed wheat late last week and over the weekend.
+    They said the Continental Grain Co, of the United States,
+won the contract to supply the wheat from the EC and other
+parts of Europe.
+    It will supply 100,000 tonnes at a rate of 96.92 U.S. Dlrs
+a tonne as a first consignment by April 7. It will supply the
+remaining 100,000 tonnes at a rate of 93.42 dlrs by April 16.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11253" NEWID="6340">
+<DATE>18-MAR-1987 02:23:52.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7025&#31;reute
+u f BC-PHILIPPINES-SOCIAL-SE   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES SOCIAL SECURITY TO BUY SAN MIGUEL SHRS</TITLE>
+<DATELINE>    MANILA, March 18 - </DATELINE><BODY>The Philippines' Social Security System
+(SSS) is planning to buy eight mln shares in diversified brewer
+&lt;San Miguel Corp> (SMC), SMC chief financial officer Ramon del
+Rosario said.
+    He told reporters the government organisation had expressed
+interest in one seat on SMC's 15-man board and was preparing to
+invest 800 mln pesos, assuming a purchase price of 100 pesos a
+share.
+    The shares involved in the proposal were part of the block
+of 38 mln shares owned by the United Coconut Planters Bank
+(UCPB) and sequestered by the government.
+    The block is split between class A and class B stock.
+    SMC also proposed to sell a further five mln shares to A.N.
+Soriano Corp, the family company of San Miguel president Andres
+Soriano, del Rosario said.
+    The shares are worth some 500 mln pesos at recent prices.
+    Del Rosario said the 14 mln B shares in the block which are
+open to foreign ownership would probably be sold to
+unidentified foreign purchasers.
+    He said SMC and UCPB would meet later this week to try to
+resolve disputes over the pricing of the shares.
+    President Corazon Aquino earlier this month established an
+arbitration panel to settle a row over the disposal of the
+shares.
+    Their initial sale to Soriano through SMC Hong Kong unit
+Neptunia Corp was blocked by the Presidential Commission on
+Good Government.
+    The commission sequestered the stock on suspicion that the
+real owner of the block was Eduardo Cojuanco, the former
+chairman of San Miguel and the UCPB and a close associate of
+deposed former president Ferdinand Marcos.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11254" NEWID="6341">
+<DATE>18-MAR-1987 02:31:47.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7031&#31;reute
+u f BC-&lt;SUN-HUNG-KAI-CO-LTD>   03-18 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SUN HUNG KAI CO LTD> YEAR 1986</TITLE>
+<DATELINE>    HONG KONG, March 18 -
+    </DATELINE><BODY>Shr 21.6 H.K. Cents vs 12
+    Final div six cents vs three, making nine cents vs 5.5
+    Net 121 mln dlrs vs 67.42 mln
+    Note - Extraordinary gains 72 mln dlrs vs 2.7 mln. Special
+bonus four cents vs nil. Dividend payable May 25, books close
+April 28 to May 6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11255" NEWID="6342">
+<DATE>18-MAR-1987 02:49:56.50</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f7043&#31;reute
+u f BC-Indonesia-imports-pal   03-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Indonesia imports palm oil to counter possible May shortage, Trade Minister says
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11256" NEWID="6343">
+<DATE>18-MAR-1987 02:53:10.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7046&#31;reute
+u f BC-JAPAN-EARTHQUAKE-KILL   03-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN EARTHQUAKE KILLS ONE, CUTS PHONE LINES</TITLE>
+<DATELINE>    TOKYO, May 18 - </DATELINE><BODY>A very strong earthquake which struck
+southwest Japan killed one person and injured at least three,
+cracked walls and cut telephone lines, authorities said.
+    The quake, at 0336 GMT, registered 6.9 on the Richter
+scale, and officials issued warnings of tidal waves of up to
+two metres high, they said.
+    A man died in Miyazaki prefecture when his truck
+overturned, and another was seriously hurt when his roof caved
+in, police said. Two primary school children were hurt by
+flying shards of glass as they sat in their classroom. The
+extent of their injuries was not immediately known.
+    A police spokesman in the western Kyushu city of Miyazaki,
+one of the worst hit areas, said walls cracked all over town.
+    Weather officials told Reuters the quake's epicentre was 50
+km underground and 40 km offshore east of the city of Hyuga, on
+Kyushu's eastern coast.
+    Maritime Safety Agency authorities ordered fishermen along
+the Kyushu coast to return to port, and dispatched a fleet of
+six search boats to see them safely back.
+    Telephone links with the island were badly disrupted and
+all trains in the area were been stopped as a precaution,
+police said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11257" NEWID="6344">
+<DATE>18-MAR-1987 03:00:11.06</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f7049&#31;reute
+b f BC-INDONESIA-TO-IMPORT-P   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA TO IMPORT PALM OIL, FEARS MAY SHORTAGE</TITLE>
+<DATELINE>    JAKARTA, March 18 - </DATELINE><BODY>Indonesia has issued licences to
+traders to import palm oil to avert a possible shortage of
+cooking oil during the Moslem fasting month of Ramadan in May,
+Trade Minister Rachmat Saleh told Reuters.
+    "We have given permission for a small amount of imports to
+prevent a shortage during Ramadan," he said. He gave no figures
+for the amount of palm oil to be imported, but said it would
+come from Malaysia.
+    Indonesia, the world's second largest palm oil producer,
+earlier denied it had granted palm oil import licences.
+    Saleh was replying to a question from Reuters after traders
+in London said Indonesia had issued licences to import around
+135,000 tonnes of palm oil for delivery in April.
+    Indonesia, with 168 mln people, is the world's largest
+Moslem country. During Ramadan Moslems fast during the day and
+have large meals after sunset.
+    Indonesian crude palm oil exports in the first 11 months of
+1986 were 469,100 tonnes, according to central bank figures,
+against 652,000 tonnes in the whole of calendar 1985.
+    Indonesia is expanding palm oil output, and Saleh did not
+explain why there might be a shortage during Ramadan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11258" NEWID="6345">
+<DATE>18-MAR-1987 03:06:51.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7060&#31;reute
+u f BC-NY-TIMES-SAYS-IRAN-AR   03-18 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NY TIMES SAYS IRAN ARMS MONEY WENT TO KIDNAPPERS</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Millions of dollars in proceeds from
+the sale of U.S. Arms to Iran were funneled to groups holding
+American hostages in Lebanon, the New York Times said.
+    The newspaper, quoting U.S. Officials and others, said
+Iranian arms merchant Manucher Ghorbanifar, who served as a
+middleman in the sales, deposited two to three mln dlrs in the
+Swiss bank account of the Global Islamic Movement.
+    The newspaper said the movement was a funding arm for
+various terrorist groups in Lebanon, including the Party of God
+or Hizbollah group which has been reported to be holding
+American hostages but has consistently denied the reports.
+    The money was described as ransom by American and other
+associates of Ghorbanifar, the Times said, adding that an
+unnamed American official called it "payments for services
+rendered." The newspaper said the payments suggested the money
+may have been used to cover expenses incurred by the hostages'
+kidnappers.
+    The newspaper also said that according to some accounts,
+Ghorbanifar paid Iranian officials and various groups as much
+as 10 mln dlrs. It said up to six mln dlrs went to Hojatoleslam
+Hashemi Rafsanjani, speaker of Iran's Parliament, and his
+family.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11259" NEWID="6346">
+<DATE>18-MAR-1987 03:20:51.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7081&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - JAPAN BUYING OVERSEAS FIRMS</TITLE>
+<AUTHOR>    By JEFF STEARNS, REUTERS</AUTHOR>
+<DATELINE>    TOKYO, March 18 - </DATELINE><BODY>More U.S. And European firms will be
+falling prey to Japanese corporations bulging with cash and
+eager to extend their reach further overseas, according to
+merger and acquisitions specialists polled by Reuters.
+    Already, rich Japanese companies have pounced on U.S.
+Banks, steel and other businesses.
+    In the latest attempt, Fujitsu Ltd &lt;ITSU.T> -- Japan's
+biggest computer maker -- unsuccessfully bid for &lt;Fairchild
+Semiconductor Corp>, a U.S. Microchip maker which supplies
+components for supercomputers.
+    Nomura Securities Co Ltd &lt;NMSC.T> and Daiwa Securities Co
+Ltd &lt;DSEC.T>, Japan's two largest brokerage firms, are seeking
+a niche in the U.S. And European securities markets, while the
+country's huge banks are looking for strongholds in overseas
+banking, the takeover specialists said.
+    Major trading houses, which see their profits evaporating
+in the heat of increased competition in merchandise trade, all
+have foreign businesses on their shopping lists.
+    Among manufacturers, car parts makers are under the most
+pressure to buy up overseas companies and follow the big auto
+makers they subcontract for as these move offshore.
+    "The timing is favourable for Japanese parties to buy up
+potential overseas businesses, especially in the U.S. --
+Japan's largest market and where political risks are minimal," a
+takeover specialist at one trading company said.
+    Japanese companies have become among the world's richest
+after a series of boom export years and as the yen has climbed
+against the dollar by some 40 pct in the past 18 months.
+    But the yen's strength, which has also raised the costs of
+Japan's exports and allowed its Asian neighbours to move into
+its traditional markets, has frozen Japanese corporate growth,
+the specialists said.
+    Looming trade friction is also threatening to erect more
+barriers against Japanese exports.
+    Japanese firms see overseas acquisitions as a way to avoid
+the gloomy growth outlook and put their excess cash to work.
+Domestic interest rates, now at record lows, offer little
+investment opportunity.
+    "Japanese interest in acquisitions has been continuous, but
+the recent economic factors have become a driving force," said a
+banking industry source.
+    So far, though, the Japanese are being cautious.
+    While mergers and acquisitions among U.S. Firms number in
+the thousands, Japanese buyouts of overseas companies have
+totalled just a few dozen, one merchant banker said.
+    Another merchant banker said that a flurry of Japanese
+acquisition activity was originally expected five years from
+now, but that time span appeared now to be too long.
+    Japanese firms are becoming more aggressive now, he said.
+    A turning point seemed to be Dainippon Ink and Chemicals
+Inc's &lt;DIAC.T> takeover bid for &lt;Sun Chemical Corp> of the U.S.
+Last year, which some analysts saw as somewhat hostile, he
+added.
+    Dainippon Ink bought Sun Chemical's graphic arts group for
+550 mln dlrs late last year, after an earlier unsolicited bid
+for the whole company. Sun Chemical refused to sell its entire
+business after learning that Dainippon planned to liquidate all
+but its graphic arts-related businesses.
+    Hostile takeovers are considered unethical and frowned upon
+by the Japanese, the trading company official says. "Japanese
+people don't like fighting. They prefer peaceful amicable
+deals." But now after some experience overseas, Japanese
+companies are acquainted with local practice, he adds. "This is
+a healthy progression."
+    However, the experts do not expect the Japanese to run the
+board meetings of any giant U.S. Or European concerns.
+    "Japanese companies are not fully confident in managing a
+large U.S. Or European corporation," one banker said. "They will
+expand their operations only gradually, a typical way for
+Japanese business."
+    A foreign merchant banker also noted, "There are not many
+mega-deals left to do in the United States. A lot of the big
+deals there have already been done."
+    But medium-size and small concerns are potential targets of
+Japanese companies, the specialists said.
+    Japanese will be aiming for new businesses in
+high-technology areas. "Japanese companies had used technology
+and quality to get where they are and are unlikely to deviate
+from that trend," one takeover specialist said.
+    Many are watching the results of the first acquisitions. If
+these succeed, activity could build, the specialists said.
+    But few such specialists are going to sit back and wait
+until the action begins. Already, they said, Japanese trading
+houses, long-term credit and commercial banks, brokerages and
+foreign merchant banks have set up research sections to act as
+go-betweens in deals or find good buys for themselves.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11260" NEWID="6347">
+<DATE>18-MAR-1987 03:48:35.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7115&#31;reute
+f f BC-United-Biscuits-preta   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>United Biscuits pretax profit 125.2 mln stg vs 102.2 mln in 53 wks to Jan 3
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11261" NEWID="6348">
+<DATE>18-MAR-1987 03:54:11.06</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7119&#31;reute
+u f BC-KUWAIT-SAYS-NO-OPEC-M   03-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT SAYS NO OPEC MEMBER VIOLATING OUTPUT QUOTA</TITLE>
+<DATELINE>    KUWAIT, March 18 - </DATELINE><BODY>Kuwaiti Oil Minister Sheikh Ali
+al-Khalifa al-Sabah said in a newspaper interview that no OPEC
+member was exceeding oil production quotas allocated by the
+13-nation group.
+    Sheikh Ali told Kuwait's daily al-Anba "All OPEC states,
+without exception, are producing within the quotas allocated to
+them. Some of them are producing less."
+    Some oil industry sources had said the United Arab
+Emirates, which had been generally been producing over its
+quota since OPEC returned to quotas last September, was still
+pumping more than its allotted amount in the first months of
+this year.
+    Ecuador had also publicly stated it was over its quota, but
+an earthquake early this month stopped that. Iraq has rejected
+its quota, but oil sources say it may be having problems
+marketing at official prices all the oil it wants to sell.
+    OPEC agreed in December to cut overall oil production by
+7.25 pct to 15.8 mln barrels per day (bpd) for the first six
+months of this year and abide by fixed prices around 18 dlrs a
+barrel from February 1.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11262" NEWID="6349">
+<DATE>18-MAR-1987 04:00:40.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7126&#31;reute
+u f BC-UNITED-BISCUITS-&lt;UBIS   03-18 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED BISCUITS &lt;UBIS.L> 53 WEEKS TO JANUARY 3</TITLE>
+<DATELINE>    LONDON, March 18 -
+    </DATELINE><BODY>Shr 20.3p vs 19.1p
+    Div 6.0p vs 5.15p making 9.5p vs 8.0p
+    Turnover 1.93 billion stg vs 1.91 billion
+    Pretax profit 125.2 mln vs 102.2 mln
+    Tax 42.5 mln vs 31.1 mln
+    Trading profit 138.0 mln vs 122.7 mln
+    Trading profit includes -
+    UB Foods Europe 88.7 mln vs 78.4 mln
+    UB Restaurants 10.3 mln vs same
+    UB Foods U.S. 43.8 mln vs 39.1 mln
+    Other 3.9 mln vs 3.5 mln
+    Unallocated costs 8.7 mln vs 8.6 mln
+    Interest 12.8 mln vs 20.5 mln
+    Note - full name of company is United Biscuits (Holdings)
+Plc
+    Minority interests 0.1 mln vs same
+    Extraordinary charges 6.8 mln vs 14.3 mln
+    Extraordinary charges and credits include -
+    Surplus on bid for Imperial Group Plc 4.9 mln vs nil
+    Costs of Philadelphia bakery closure nil vs 19.6 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11263" NEWID="6350">
+<DATE>18-MAR-1987 04:06:20.75</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7133&#31;reute
+u f BC-LAWSON-EXPECTS-INTERE   03-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON EXPECTS INTEREST RATE FALL SOON</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson said he expected British interest rates to fall soon in
+response to his fiscal 1987/88 budget, but he did not say by
+how much.
+    "I would be very surprised if there is not a very early
+further fall in interest rates," Lawson said in a radio
+interview.
+    Analysts said they foresaw U.K. Base rates falling as early
+as today by as much as one full percentage point after Lawson's
+announcement yesterday that the public sector borrowing
+requirement in fiscal 1987/88 and 1988/89 was to fall to 1.0
+pct of GDP, or some four billion stg.
+    British banks' base lending rates fell a half percentage
+point on March 9 to the current 10.5 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11264" NEWID="6351">
+<DATE>18-MAR-1987 04:15:31.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7141&#31;reute
+u f BC-CHINA-TO-CUT-EXCESSIV   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TO CUT EXCESSIVE CAPITAL INVESTMENT FURTHER</TITLE>
+<DATELINE>    PEKING, March 18 - </DATELINE><BODY>China said it will continue its efforts
+to cut excessive capital investment, and noted policies to cool
+the economy have so far failed.
+    Fixed asset investment grew 16.7 pct to 296.7 billion yuan
+in 1986, outstripping energy and raw materials growth, the
+China Daily quoted Zhou Daojiong, president of the People's
+Construction Bank of China, as saying.
+    Over 160,000 projects costing 895 billion yuan are now
+under construction, and will absorb 60 pct of the funds
+earmarked for investment under China's current five-year
+economic plan (1986-1990), he said.
+    The state-run construction bank will review all investment
+projects now under way or scheduled, and immediately halt those
+deemed unnecessary or with a poor economic return, Zhou said.
+    Over 20 billion yuan of unauthorised spending by local
+governments or enterprises were partly responsible for the
+overheated rate of investment, he said.
+    Another two or three years of measures to curb excessive
+investment were needed to bring it under control, Zhou said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11265" NEWID="6352">
+<DATE>18-MAR-1987 04:20:16.55</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7153&#31;reute
+u f BC-THAI-BANKS-WEIGH-NEW   03-18 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI BANKS WEIGH NEW INTEREST RATE CUT</TITLE>
+<AUTHOR>    By Vithoon Amorn, Reuters</AUTHOR>
+<DATELINE>    BANGKOK, March 18 - </DATELINE><BODY>Officials of five Thai commercial banks
+are expected to meet tomorrow to seek agreement on cutting
+interest rates, banking sources said.
+    They said they expect Thai banks to opt for a cut to spur
+domestic loan demand to help reduce persistent high liquidity
+on the money market.
+    Many bankers have been urging an average half percentage
+point cut in deposit rates and a one point cut in lending
+rates, they said.
+    Six major Thai major banks reduced minimum loan and
+overdraft rates by 0.50 to 0.75 percentage point on February 16
+but the move has not substantially increased loan demand, the
+sources said.
+    Excess liquidity has been hitting bank profits since early
+last year despite five interest rate cuts in 1986. The current
+gross 7.25 pct interest rate for one-year fixed bank deposit
+and the 11.5 pct minimum loan rate are the lowest in a decade.
+    Bankers said the Thai banking system is saddled with about
+40 to 50 billion baht of surplus funds which have created
+problems for many banks in managing their money effectively.
+    Profits of many Thai banks fell sharply last year partly
+because of a mismatch of loan demand and bank deposit growth.
+The Bank of Thailand estimated overall lending by the Thai
+banking system grew 3.8 pct in 1986 against a 12 pct expansion
+in bank deposits.
+    Reports of a possible new round of interest rate cuts have
+further buoyed the Thai stock market this week.
+    The Securities Exchange of Thailand (SET) Index on Monday
+recorded its biggest daily advance in recent years, shooting up
+4.57 points to a new seven-year high of 223.02.
+    Brokers and market analysts said Thai stocks will register
+more gains as long as liquidity remains in the money market.
+    Thai and foreign bankers said the liquidity problem will
+grow if the Bank of Thailand does not extend permission for
+local banks to hold foreign exchange positions up to 40 pct of
+bank capital.
+    If the regulation is not extended beyond its April 3 expiry
+date, many commercial banks will have to reduce foreign
+exchange holdings to a maximum 20 pct.
+    Bankers said such that could add another five billion baht
+of surplus funds to the local money market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11266" NEWID="6353">
+<DATE>18-MAR-1987 04:23:38.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7163&#31;reute
+b f BC-CATHAY-PACIFIC-FORECA   03-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATHAY PACIFIC FORECASTS GOOD 1987 PERFORMANCE</TITLE>
+<DATELINE>    HONG KONG, March 18 - </DATELINE><BODY>Cathay Pacific Airways Ltd &lt;CAPH.HK>
+forecast another good year in 1987 in view of good growth in
+both passenger and cargo traffic volumes early this year over
+the year-earlier period.
+    The airline did not quantify its performance in early 1987
+but said it would take delivery of one Boeing Co &lt;BA.N> 747
+freighter and one Boeing 747-300 passenger plane in September
+and November respectively after it took a 747-300 last month.
+    It earlier reported a 58.7 pct increase in 1986 net profit
+to 1.23 billion H.K. Dlrs and announced a final dividend of 14
+cents a share.
+    But Cathay Pacific recorded sharp increases in net finance
+charges to 124.9 mln dlrs from 44.4 mln a year.
+    A spokesman for the firm linked the rise to two aircraft
+deliveries in 1986.
+    However, the company said in a statement good returns from
+funds placed with investment managers had partly offset higher
+interest costs resulting from additional lease financing and
+other borrowing.
+    It added that the airline last year also saw aviation fuel
+prices fall to an average 4.59 dlrs a gallon from 6.76 dlrs in
+1985.
+    Passengers carried by Cathay Pacific totalled 4.2 mln last
+year, up from 3.85 in 1985, with the passengers kilometre
+travelled rising to 14.02 billion from 12.56 billion. But
+passenger load factor was down to 69.1 pct from 71.0 pct.
+    The airline's cargo operations recorded growth of 21 pct in
+total tonnage over the previous year and a 35.9 pct rise in
+revenue to 1.79 billion dlrs.
+    Cathay Pacific floated its shares in April, 1986 and is now
+50.23 pct owned by Swire Pacific Ltd &lt;SWPC.HK>, 16.43 pct by
+Hongkong and Shanghai Banking Corp &lt;HKBH.HK> and 12.5 pct by
+&lt;China International Trust and Investment Corp>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11267" NEWID="6354">
+<DATE>18-MAR-1987 04:26:17.19</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f7170&#31;reute
+u f BC-MALAYSIAN-PALM-KERNEL   03-18 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN PALM KERNEL OUTPUT FALLS IN FEBRUARY</TITLE>
+<DATELINE>    KUALA LUMPUR, March 18 - </DATELINE><BODY>Malaysian palm kernel output fell
+to an estimated 80,500 tonnes in February from a revised 83,231
+(originally 83,700) in January and 98,393 in February 1986, the
+Palm Oil Registration and Licensing Authority said.
+    Palm kernel stocks dropped to an estimated 45,870 tonnes in
+February from a revised 55,693 (65,100) in January and 85,595
+in February last year, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11268" NEWID="6355">
+<DATE>18-MAR-1987 04:36:56.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7185&#31;reute
+f f BC-Morgan-Grenfell-1986   03-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Morgan Grenfell 1986 pretax profit 82.19 mln stg vs 68.82 mln
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11269" NEWID="6356">
+<DATE>18-MAR-1987 04:47:52.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7205&#31;reute
+b f BC-&lt;MORGAN-GRENFELL-GROU   03-18 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MORGAN GRENFELL GROUP PLC> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 18 -
+    </DATELINE><BODY>Shr basic 39.2p vs 36.0p
+    Shr fully diluted 37.2p vs 34.3p
+    Div 7.0p making 10.5p vs 8.5p
+    Pretax profit 82.19 mln stg vs 68.82 mln
+    Tax 27.25 mln vs 27.42 mln
+    Minority interest 986,000 debit vs 124,000 credit
+    Extraordinary items 411,000 credit vs 219,000 debit
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11270" NEWID="6357">
+<DATE>18-MAR-1987 04:52:55.44</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>liffe</D><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7213&#31;reute
+u f BC-GLOBAL-TRADING-IN-YEN   03-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLOBAL TRADING IN YEN BOND FUTURES EXPECTED SOON</TITLE>
+<AUTHOR>    By Yoshiko Mori, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 18 - </DATELINE><BODY>Global trading of yen bond futures is
+just around the corner and they are expected to be listed soon
+on the London International Financial Futures Exchange (LIFFE)
+and the Chicago Board of Trade (CBOT), bond managers said.
+    "Internationalisation of the yen through expansion of
+overseas portfolios in yen assets is the key to the success of
+global trading of yen bond futures," said Katsuyuki Okayasu,
+general manager of Yamaichi Securities Co Ltd's bond division.
+    "But Tokyo-based orders are necessary for a primary stimulus
+for the LIFFE yen bond futures market," said Tetsuya Dezuka,
+deputy general manager of the money market section of New Japan
+Securities Co Ltd, one of the most active yen bond brokers in
+London.
+    Healthy growth of yen bond futures markets depends
+basically on substantial liquidity in cash yen bond markets
+overseas and on the yen becoming attractive to traders there,
+dealers said.
+    Outstanding yen cash bonds worldwide stand at around
+140,000 billion yen, with most held in Japan, they said.
+    An agreement between CBOT and LIFFE in early February on
+mutual settlements is expected to link U.S. Treasury bond
+futures trading in London and Chicago, enabling a continuous
+12-hour session, bond managers here said, adding the move was
+made with yen bond futures trading in mind.
+    LIFFE is preparing for an early listing of yen bond futures
+after receiving approval from Japan's Finance Ministry last
+December.
+    But futures markets will never take root unless they are
+backed by substantial liquidity in cash bond markets, dealers
+said.
+    Daily transactions in the London yen cash bond market now
+stand at 200 to 300 billion yen, but the extent of investor-
+linked transactions is unknown, securities bond managers said.
+    "Japanese corporations have been actively setting up their
+financing companies in London, suggesting they increasingly are
+engaging in, not only fund raising, but management there,"
+Dezuka said.
+    The steep increase in the number of branches of Japanese
+securities houses in London and the growing numbers of U.S. And
+U.K. Brokers coming to Tokyo has helped the London market's
+growth, dealers said.
+    Internationalisation of the yen is also likely to be
+promoted by yen bond trading in Chicago and New York later this
+year, securities managers said.
+    The recent removal of a key regulatory obstacle by the U.S.
+Securities and Exchange Commission will allow the CBOT to apply
+to the Commodity Futures Trading Commission for a yen bond
+futures contract, they said.
+    The ruling removed a regulation which prohibited trading
+futures of designated foreign government debt securities not
+located in the issuing country.
+    Fundamental Brokers Inc, a major U.S. Brokers' broker, has
+decided to launch yen bond broking on its display system in New
+York as early as April.
+    CBOT's start of an evening session, planned for the end of
+April, will also multiply yen bond futures trading, a Nomura
+Securities Co Ltd bond manager said. But there are still
+obstacles to trading on the London market.
+    "Problems concerning cash bond delivery and clearing are
+major obstacles for an early launching at LIFFE," said Koki
+Chiyojima, deputy general manager of Nikko Securities Co Ltd's
+bond administration division.
+    Nikko Securities Co Ltd, one of the big four Japanese
+securities houses, is responsible for corresponding with LIFFE
+on these matters.
+    Japan's Finance Ministry will start issuing bonds with
+coupon payment of either March and September, or June and
+December from April 1, matching futures delivery months.
+    The ministry now pays coupons in January, June, July and
+December. When delivery months and coupon payments do not
+match, a 20 pct withholding tax is imposed on interest earned
+by non-resident bond holders, a deterrent to LIFFE, securities
+managers said.
+    LIFFE is likely to wait until the outstanding amount of
+bonds with matching months increases to over several billion
+yen, bond managers said.
+    These bonds will be used for deliveries, as they are
+expected to be the cheapest deliverable issues due to low
+interest rates, they said.
+    Market participants here expect a clearing organisation to
+be set up by the time they have substantial deliverable cash
+issues, making overseas listings probable in the latter half of
+1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11271" NEWID="6358">
+<DATE>18-MAR-1987 04:53:25.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7215&#31;reute
+u f BC-HENDERSON-LAND-DEVELO   03-18 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENDERSON LAND DEVELOPMENT CO LTD &lt;HNDH.HK></TITLE>
+<DATELINE>    HONG KONG, March 18 - </DATELINE><BODY>Six months to Dec 31.
+    Shr 16 H.K. Cents vs 11
+    Interim div seven cents vs five
+    Net 211.03 mln dlrs vs 138.69 mln
+    Turnover 583.83 mln dlrs vs 441.04 mln
+    Note - Dividend payable May 4, books close April 21 to 27.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11272" NEWID="6359">
+<DATE>18-MAR-1987 04:55:45.45</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7220&#31;reute
+b f BC-U.K.-MONEY-MARKET-OFF   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET OFFERED EARLY ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>The Bank of England said it had invited
+an early round of bill offers from the discount houses after
+forecasting a shortage in the system of around 1.1 billion stg.
+    Money market dealers speculated that the central bank could
+be taking the opportunity to signal a reduction in U.K. Base
+lending rates by cutting the rates at which it intervenes in
+the discount market.
+    Most operators are expecting a base rate cut today,
+possibly of one point, following yesterday's budget in which
+the U.K. Public sector borrowing target for 1987/88 was slashed
+by three billion stg.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and the take-up of treasury bills will drain
+some 1.11 billion stg while a rise in note circulation and
+bankers' balances below target will take out around 120 mln stg
+and 20 mln stg respectively.
+    Partly offsetting these outflows, exchequer transactions
+will add some 140 mln stg to the system today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11273" NEWID="6360">
+<DATE>18-MAR-1987 05:01:38.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f7233&#31;reute
+u f BC-FRN-TRADING-SEEN-RETU   03-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRN TRADING SEEN RETURNING TO MORE NORMAL PATTERNS</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Conditions on the floating rate note
+market appeared to be returning gradually to normal today with
+prices static to a little better generally, dealers said.
+    The market was showing limited signs of recovery from the
+collapse in trading last night and the calmer tone was
+reinforced this morning as the first significant retail orders
+for some time emerged, one senior FRN trader noted.
+    In fixed rate bonds, the tone was likewise quietly firmer
+with euroyen and eurosterling maintaining their recent bullish
+trend and activity in dollar straight and ECU-denominated bonds
+also picking up slowly.
+    Although a handful of FRN market makers were expected to
+remain on the sidelines for the time being, dealers noted a
+tangible return of retail interest from the Far East, lured
+back by extremely attractive yields and bargain prices.
+    "We are seeing from Singapore, and from Japan clients keen
+to use up their quotas for purchase of particular instruments
+before the end of the fiscal year," the senior trader added.
+    Any investors not buying to their full limit would run the
+risk of having that limit reduced next year, he explained.
+    However, he pointed out that mainly sovereign paper was in
+demand with U.S. Bank sector paper largely ignored.
+    Prices of reasonable quality floaters had firmed by an
+average of 10 basis points in early trading but FRN dealers
+cautioned that the mood was still nervous.
+    "If prices rise by too much too quickly, everyone is more
+than well-aware of the danger the selling could set in again,"
+commented another FRN market source at a large Japanese house.
+    The other sector commanding market attention today was
+eurosterling, which soared in line with U.K. Government bonds.
+    Both markets were pushed higher by an ebullient pound and
+renewed buying by U.K. Institutions following Chancellor of the
+Exchequer's Nigel Lawson's well-received budget yesterday.
+    "This was definitely a budget for lower sterling interest
+rates," said a sterling analyst at a U.K. Merchant bank.
+    "It has been exceptionally well-received by the city, looks
+good to foreign investors and we are sure to see a rush to tap
+the eurosterling markets now," he added.
+    News that next year's Public Sector Borrowing Requirement
+will be held at 4.0 billion stg from an earlier projected 7.0
+billion was influential for fixed rate stg investment markets.
+The government's reduced need to tap the gilt-edged markets
+will create a perennial shortage of stock, maintaining upward
+pressure on prices, a sterling bond dealer commented.
+    This could further boost demand for eurosterling bonds, as
+long as yield margins remain attractive in relation to gilts --
+often the case with newer, if not with more seasoned issues.
+    Bullish predictions on the U.K.'s general economic health
+were also expected to boost foreign interest in eurosterling.
+    Market sources said attention would now switch to
+monitoring the fortunes of the ruling Conservative party in
+opinion polls ahead of a widely-anticipated general election.
+    Although several new sterling deals are expected, in early
+trading the only sterling denominated one to emerge was a 30
+mln convertible deal for British Land Co Plc.
+    Other new deals this morning reflected the recent primary
+market trend with little activity in dollar-denominated issues
+although the currency sectors were busy.
+    Hot on the heels of yesterday's two Canadian dollar issues
+was a 75 mln dlr six-year bond for Chrysler Credit Canada,
+guaranteed by Chrysler Finance paying 9-1/4 pct and priced at
+101-1/2 pct.
+    A 15 billion euroyen issue was launched for Associates Corp
+of North America paying five pct at 102-3/8 pct due 1992. A
+similar euroyen offering was reported to be in the market for a
+Scandinavian borrower. Details were not immediately available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11274" NEWID="6361">
+<DATE>18-MAR-1987 05:04:47.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7243&#31;reute
+u f BC-SINGAPORE-GOVERNMENT   03-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE GOVERNMENT TAKES OVER GOODWOOD SHARES</TITLE>
+<DATELINE>    SINGAPORE, March 18 - </DATELINE><BODY>The Singapore government has taken
+over 82 mln dlrs worth of Goodwood Park Hotel Ltd shares and
+loan stock certificates belonging to the company's chairman,
+Khoo Teck Puat, banking sources said.
+    Khoo is a major shareholder of the &lt;National Bank of Brunei
+Bhd> (NBB), which closed in November after the Brunei
+authorities alleged 90 pct of its loans of 1.3 billion Brunei
+dlrs had been extended to Khoo-related firms without
+documentation or guarantee.
+    The Goodwood securities are now held by the Commercial
+Affairs Investigation Department, the banking sources said. The
+department declined to comment.
+    The government move is aimed at protecting Goodwood's
+minority shareholders and securing Goodwood deposits at the
+NBB, the banking sources said.
+    Goodwood had a total of 87.3 mln dlrs in fixed deposits,
+bank balances and accrued interest due from NBB as of last
+November, according to Goodwood's annual report.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11275" NEWID="6362">
+<DATE>18-MAR-1987 05:07:59.00</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7250&#31;reute
+f f BC-BANK-OF-ENGLAND-SIGNA   03-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF ENGLAND SIGNALS HALF POINT CUT IN SHORT TERM RATES - DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11276" NEWID="6363">
+<DATE>18-MAR-1987 05:09:20.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7251&#31;reute
+u f BC-TURNER-AND-NEWALL-SEE   03-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURNER AND NEWALL SEEKS 71.7 MLN STG IN RIGHTS</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Turner and Newall Plc said it planned to
+raise a net 71.7 mln stg with a one-for-six rights issue of
+36.15 mln shares.
+    The shares would be offered at 205p, compared with Turner's
+price which fell to 227p from last night's close at 241p.
+    The group said the funds would be used to cut borrowings,
+which had risen to 234 mln stg at end-February, largely as a
+result of the takeover of &lt;AE Plc>.
+    The company also reported pretax profits rising to 44.7 mln
+stg from 39.6 mln previously.
+    It noted that the purchase of AE involved the payment of
+some 125 mln stg cash as well as taking on AE's own borrowings
+of some 85 mln stg. The net debt/equity ratio at the year end
+had risen to 59 pct from 23 pct the year before, it added. The
+rights issue would cut borrowings and also allow further
+development through investment and acquisition.
+    But it said that the purchase of AE -- which was won after
+a long and acrimonious battle last year -- greatly strengthened
+the group's position in the automotive components and
+engineering materials sectors.
+    In the 15 months to end-1986 AE produced pretax profits of
+27.4 mln stg compared with 25.6 mln in the 12 months
+previously.
+   As the offer for AE was not declared unconditional until
+December 5, it made a negligible contribution to Turner's 1986
+results.
+    Turner said the prospects were good and it looked forward
+to taking advantage of the opportunities available.
+   1986 operating profits were higher in all areas apart from
+Zimbabwe mines, which were hit by the strength of the local
+currency against the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11277" NEWID="6364">
+<DATE>18-MAR-1987 05:10:17.99</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7253&#31;reute
+f f BC-BANK-OF-ENGLAND-SAID   03-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF ENGLAND SAID IT INVITED BORROWINGS AT 10 PCT LATER TODAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11278" NEWID="6365">
+<DATE>18-MAR-1987 05:13:53.33</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7256&#31;reute
+f f BC-BARCLAYS-BANK-SAID-IT   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BARCLAYS BANK SAID ITS CUTTING BASE LENDING RATE TO 10 PCT PCT FROM 10.5 PCT.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11279" NEWID="6366">
+<DATE>18-MAR-1987 05:15:18.88</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7257&#31;reute
+f f BC-NATIONAL-WESTMINSTER   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NATIONAL WESTMINSTER BANK SAID IT CUTTING BASE RATE TO 10 PCT FROM 10.5 PCT.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11280" NEWID="6367">
+<DATE>18-MAR-1987 05:19:42.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7261&#31;reute
+u f BC-MALAYSIAN-FIRM-WINS-U   03-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN FIRM WINS U.S. JET SERVICE CONTRACT</TITLE>
+<DATELINE>    KUALA LUMPUR, March 18 - </DATELINE><BODY>&lt;Airod Sdn Bhd> said it won a
+contract from the U.S. Air Force to repair and service landing
+gear and airframe parts of General Dynamics Corp &lt;GD.N> F-16
+and McDonnell Douglas Corp &lt;MD.N> F-4 jet fighters.
+    The one-year contract, worth 1.3 mln ringgit, was signed
+recently and work is expected to begin soon, an Airod spokesman
+told Reuters.
+    Airod is a joint venture between Lockheed Corp &lt;LK.N> unit
+&lt;Lockheed Aircraft Service International> and &lt;Aerospace
+Industries Malaysia>
+    Airod, which was set up in 1985, has a paid-up capital of
+5.6 mln ringgit, the spokesman said.
+    He said that under the contract, jet parts from U.S. Air
+Force bases in the Philippines, Japan and South Korea would be
+sent to Airod for servicing and repair. If the Air Force was
+satisfied with its performance, the contract could be extended,
+he said. Airod now services some Royal Malaysian Air Force and
+Indonesian Air Force aircraft, he said.
+    Aerospace Industries is equally owned by the Malaysian
+government, Malaysian Airline System &lt;MAIM.SI> and &lt;United
+Motor Works Bhd>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11281" NEWID="6368">
+<DATE>18-MAR-1987 05:23:14.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7266&#31;reute
+u f BC-TOYOTA-MOTORS-SIGNS-P   03-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA MOTORS SIGNS PURCHASE AGREEMENT WITH PNB</TITLE>
+<DATELINE>    MANILA, March 18 - </DATELINE><BODY>The state-owned Philippine National Bank
+(PNB) will fund Toyota Motor Corp's &lt;TOYO.T> planned purchase
+of its bankrupt former local partner's manufacturing facilities
+for at least 193 mln pesos, a bank official told reporters.
+    Toyota has informed the Philippine government it plans to
+produce cars again here in joint venture with a local partner.
+    It proposes to invest about 400 mln pesos in the
+manufacture of car spare parts and other items, and generate
+about 100 mln pesos in export earnings over five years.
+    The banker said today a letter of intent was signed three
+weeks ago but the sale requires approval from government
+agencies charged with selling private sector assets taken over
+by state-owned banks.
+    Official sources said Toyota's application was likely to be
+approved.
+    Toyota severed ties with its Philippine partner of 20
+years, &lt;Delta Motor Corp>, in 1984 because the local company
+was suffering financial difficulties. PNB later foreclosed on
+Delta's assets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11282" NEWID="6369">
+<DATE>18-MAR-1987 05:25:28.89</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7268&#31;reute
+b f BC-BANK-OF-ENGLAND-INVIT   03-18 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND INVITES BORROWING AT 10 PCT</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>The Bank of England said it had invited
+those discount houses wishing to use borrowing facilities to do
+so at 1430 GMT today at a rate of 10 pct for 14 days.
+    This compares with the Bank's present band one dealing rate
+of 10-3/8 pct.
+    The Bank of England's announcement was quickly followed by
+Barclays Bank and National Westminster Bank which announced a
+half-point cut in their base rates to 10 pct from 10-1/2 pct.
+    Dealers said the lowering in base rates had been widely
+expected following yesterday's U.K. Budget in which Chancellor
+of the Exchequer Nigel Lawson announced a three billion stg cut
+in the Government's public sector borrowing target for 1987/88
+to four billion stg.
+    Many in the market had expected a full one point cut in
+base rates today but some were not surprised by the
+authorities' caution, dealers added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11283" NEWID="6370">
+<DATE>18-MAR-1987 05:30:15.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7275&#31;reute
+u f BC-SRI-LANKAN-EXTERNAL-D   03-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKAN EXTERNAL DEBT ROSE IN NOVEMBER</TITLE>
+<DATELINE>    COLOMBO, March 18 - </DATELINE><BODY>Sri Lanka's external debts rose to
+83.84 billion rupees in November from 83.23 billion in the
+previous month and 67.28 billion in November 1985, the Central
+Bank said in its monthly bulletin said.
+    The rise was due mainly to increases in commodity loans
+from aid donor countries to 27.39 billion from 26.96 billion
+and 22.34 billion in the previous corresponding months.
+    International reserves fell to 9.99 billion rupees in
+November from 10.29 billion and 12.59 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11284" NEWID="6371">
+<DATE>18-MAR-1987 05:33:21.71</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7281&#31;reute
+b f BC-GERMAN-PRODUCER-PRICE   03-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN PRODUCER PRICES FALL 0.3 PCT IN FEBRUARY</TITLE>
+<DATELINE>    WIESBADEN, March 18 - </DATELINE><BODY>West German producer prices fell 0.3
+pct in February from January and were 4.2 pct below prices in
+February last year, the Federal Statistics Office said.
+    In January, producer prices rose 0.2 pct from December, the
+first monthly rise since October 1985, but they were down 4.4
+pct from a year earlier.
+    The Statistics Office said light heating oil producer
+prices fell 22 pct in February from January while heavy heating
+oil prices fell 24 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11285" NEWID="6372">
+<DATE>18-MAR-1987 05:35:08.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7285&#31;reute
+u f BC-HOLZSTOFF-AG-&lt;GHOZ.BS   03-18 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLZSTOFF AG &lt;GHOZ.BS> 1986 YEAR</TITLE>
+<DATELINE>    BASLE, March 18 - </DATELINE><BODY>Net profit 25.5 mln Swiss francs vs 22.2
+mln
+    Turnover 717 mln vs 739 mln
+    Cash flow 75.4 mln vs 58.1 mln
+    Proposed dividend 70 francs vs same
+    Note - Company plans one for two rights issue of 40,000
+participation certificates of nominal 50 francs. Conditions not
+yet set.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11286" NEWID="6373">
+<DATE>18-MAR-1987 05:37:22.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7289&#31;reute
+u f BC-VEBA-SHARE-PLACEMENT   03-18 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VEBA SHARE PLACEMENT STILL EXPECTED THIS MONTH</TITLE>
+<DATELINE>    BONN, March 18 - </DATELINE><BODY>The sale of the government's 25.55 pct
+stake in VEBA AG &lt;VEBG.F> is still expected this month, banking
+sources closely linked with the transaction said.
+    A spokesman for the Finance Ministry said no exact date had
+yet been set for the privatisation, which the government has
+tabled for the second half of March. However, he added a
+scandal at Volkswagen AG &lt;VOWG.F>, VW, over currency losses "has
+nothing to do" with the timing of the VEBA sale.
+    Finance Minister Gerhard Stoltenberg has said the sale of
+the Federal government's stake in VW, originally scheduled for
+later this year, may be delayed because of the currency affair.
+    A banker involved in the VEBA placement said "Nothing has
+changed in the planning. I still presume that it will take
+place in the second half of March."
+    This banker said there would be no reason to postpone the
+issue of the 10 mln VEBA shares for a few days. He added that
+the consortium which is arranging the deal had completed its
+preparatory work, although the price had not been decided.
+    The VEBA share has been weaker ahead of the placement but
+West German stocks have been generally bearish and news of the
+VW scandal last week put further pressure on the market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11287" NEWID="6374">
+<DATE>18-MAR-1987 05:50:27.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7303&#31;reute
+u f BC-BORAL-TO-RAISE-100-ML   03-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORAL TO RAISE 100 MLN DLRS BY NOTES ISSUE</TITLE>
+<DATELINE>    SYDNEY, March 18 - </DATELINE><BODY>Building materials group Boral Ltd
+&lt;BOAL.S> said it will raise 100 mln Aus dlrs by placing 20 mln
+7.5 pct convertible notes with institutions at 5.00 dlrs each.
+    The proceeds will refinance existing group liabilities, it
+said in a statement.
+    Interest will be payable over the next five years in
+half-yearly instalments on February 28 and August 31.
+    Boral said the notes will be convertible into ordinary
+shares on a one-for-one basis on the same dates in 1989, 1990
+and 1991 and 1992. Unconverted notes will be repaid at par on
+February 28, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11288" NEWID="6375">
+<DATE>18-MAR-1987 06:00:51.09</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7310&#31;reute
+r f BC-SOVIET-ECONOMIST-SAYS   03-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET ECONOMIST SAYS PRODUCTION FIGURES PADDED</TITLE>
+<DATELINE>    MOSCOW, March 18 - </DATELINE><BODY>A leading Soviet economist said the
+practice of padding figures was significantly inflating the
+country's industrial production data.
+    "According to the information of state monitoring organs,
+the padding of figures makes up one-and-a-half to three per
+cent of the volume of production," Alexei Sergeyev told the
+official newspaper Sovetskaya Rossiya.
+    "In my opinion, it is significantly higher," Sergeyev, who
+works at the Economics Institute of the Soviet Union's Academy
+of Sciences, said.
+    Most Western economists have for years allowed for a
+certain padding of figures when analysing Soviet statistics for
+industrial production.
+    Sergeyev said about 600 mln roubles was lost annually in
+raw material industries by paying wages and bonuses for work
+which was not in fact performed.
+    He said the elimination of figure-padding and other
+malpractices would save billions of roubles and would pay for
+the Soviet Union's social development program up to the year
+2000.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11289" NEWID="6376">
+<DATE>18-MAR-1987 06:11:42.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7330&#31;reute
+u f BC-SONY-FORESEES-CONTINU   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONY FORESEES CONTINUED SLUMP IN EARNINGS</TITLE>
+<DATELINE>    TOKYO, March 18 - </DATELINE><BODY>Sony Corp &lt;SNE.T> group net income is
+expected to be down 65 pct for the five months ending March 31
+from the same period a year ago at around 10 billion yen, if
+the yen&#127;dollar rate remains at the present level, managing
+director Tsunao Hashimoto told a press conference.
+    Sony will have an irregular five-month business term ending
+March 31, as its financial year will be changed to run from
+April 1 to March 31 from the current October 31 year end.
+    Group sales in the same period are estimated at about 550
+billion yen, down five pct from a year earlier, he said.
+    The company earlier reported net income of 7.65 billion yen
+in the three month period ended January 31, down 59.2 pct from
+a year earlier, on sales of 343.06 billion, down 6.3 pct.
+    The gloomy profits and sales resulted from the yen's recent
+appreciation against the dollar and a sharp drop in market
+prices due to severe sales competition at home and abroad.
+    The yen rose 26 pct to an average of 159 yen to the dollar,
+reducing the company's total sales in the three month period by
+40 billion yen, Hashimoto said.
+    Sales of 8-mm video camera/recorders totalled 300,000 units
+in the three months, unchanged from a year earlier, while
+Beta-format video tape recorders (vtrs) sales fell to 300,000
+from 350,000. Sales of compact disc players rose to 450,000
+from 300,000 and those of the Walkman rose to 2.25 mln from
+1.30 mln but colour television sales fell to 950,000 from one
+mln due to lower exports to China.
+    Sales of 8-mm vtrs had already exceeded Beta-format vtrs
+sales since the beginning of fiscal 1986, Hashimoto said.
+Overseas sales accounted for 68.2 pct of the total in the three
+months compared with 71.3 pct a year earlier.
+    Overseas production will account for 35 pct of its total
+production in 1990 from the present 20 pct.
+    Hashimoto also said parent current profit in the five-month
+period is estimated at around 17 billion yen, down 33 pct from
+a year earlier, on sales of 400 billion, down 12 pct.
+    Sony is hoping to retain at least 1985/86 levels of group
+net profits and sales in the new financial year starting April
+1 1987, he added. The company made 41.9 billion yen group net
+profit in the year ended November 31 1986, down 42.6 pct from a
+year earlier, on sales of 1,325 billion, down 6.7 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11290" NEWID="6377">
+<DATE>18-MAR-1987 06:15:24.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7334&#31;reute
+b f BC-ASSOCIATES-CORP-ISSUE   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASSOCIATES CORP ISSUES 15 BILLION YEN BOND</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>&lt;Associates Corp of North America> is
+issuing a 15 billion yen eurobond due November 2, 1992 with a
+five pct coupon and priced at 102-3/8, &lt;IBJ International Ltd>
+said as lead manager.
+    The non-callable bonds will be issued in denominations of
+one mln yen and will be listed in Luxembourg. Fees are 1-1/4
+pct for selling and 5/8 pct for management and underwriting
+combined, with a 1/8 pct praecipuum. Pay date is April 6.
+    Co-lead managers are &lt;New Japan Securities>, &lt;Wako
+Securities> and &lt;Yasuda Trust>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11291" NEWID="6378">
+<DATE>18-MAR-1987 06:18:25.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7339&#31;reute
+u f BC-ROCHE-INTRODUCES-NEW   03-18 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCHE INTRODUCES NEW ANTI-RHEUMATISM DRUG</TITLE>
+<DATELINE>    BASLE, Switzerland, March 18 - </DATELINE><BODY>F. Hoffmann-La Roche und Co
+AG &lt;HOFZ.Z> said it introduced a new anti-rheumatism drug with
+the brand name tilcotil on the Swiss market starting today.
+    The drug, developed by Roche itself, contains the substance
+tenoxicam. The company said in a statement that tests had shown
+its effectiveness against various types of rheumatism and
+arthritis. It was attractive for sufferers because it worked
+quickly and needed to be taken only once a day, Roche said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11292" NEWID="6379">
+<DATE>18-MAR-1987 06:19:11.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7341&#31;reute
+b f BC-BRITISH-LAND-ISSUES-3   03-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH LAND ISSUES 30 MLN STG CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>British Land Co Plc is issuing a 30 mln
+stg convertible eurobond due March 26, 2002 with an indicated
+coupon of 7-1/4 pct to 7-3/4 pct and priced at 101-3/4 pct,
+lead manager Credit Suisse First Boston Ltd said.
+    The price will be fixed on or before March 24 at a premium
+of between 25 and 28 pct over the share price.  There will be a
+call from 90 days after payment at 106, declining by one pct
+per annum to par but not before March 26, 1992 unless the share
+price is 130 pct of the conversion price.
+    The bonds will be listed in London and will be issued in
+denominations of 1,000 and 5,000 stg.
+    Total fees of 2-1/2 pct comprise 1/2 pct each for
+management and underwriting and 1-1/2 pct for selling. Pay date
+is April 24 with a short first coupon.
+    Co-lead is S.G. Warburg and Co Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11293" NEWID="6380">
+<DATE>18-MAR-1987 06:23:25.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7349&#31;reute
+b f BC-CHRYSLER-CREDIT-CANAD   03-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER CREDIT CANADA ISSUES 75 MLN CAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Chrysler Credit Canada Ltd is issuing a
+75 mln Canadian dlr eurobond due Aoril 15, 1993 with a 9-1/4
+pct coupon and priced at 101-1/2 pct, Orion Royal Bank Ltd said
+as lead manager.
+    The non-callable bonds will be listed in Luxembourg and
+will be issued in denominations of 1,000 and 10,000 dlrs. 
+Total fees of 1-7/8 pct comprise 1-1/4 pct for selling and 5/8
+pct for management and underwriting combined. Pay date is April
+15.
+    The transaction is guaranteed by Chrysler Finance Corp.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11294" NEWID="6381">
+<DATE>18-MAR-1987 06:35:07.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7367&#31;reute
+b f BC-DUNHILL-HOLDINGS-ARRA   03-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUNHILL HOLDINGS ARRANGES 50 MLN DLR/STG PROGRAM</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Dunhill Holdings Plc, a subsidiary of
+Rothmans International PLC &lt;ROT.L> has appointed Chemical Bank
+International Ltd as sole dealer for a 50 mln U.S. Dlr and
+sterling commercial paper program, Chemical said.
+    The paper will be sold in denominations of 500,000 dlrs and
+have maturities of seven to 364 days. Chemical Bank (London
+branch) will act as issuing and paying agent.
+    The financing is the first of its kind for the company,
+which makes luxury consumer products.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11295" NEWID="6382">
+<DATE>18-MAR-1987 06:41:47.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7373&#31;reute
+u f BC-KLM-DENIES-PRESS-REPO   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLM DENIES PRESS REPORT OF AIR ATLANTA TAKEOVER</TITLE>
+<DATELINE>    AMSTERDAM, March 18 - </DATELINE><BODY>NV KLM Royal Dutch Airlines &lt;KLM.AS>
+is "absolutely not" negotiating a takeover of U.S. Regional
+carrier Air Atlanta, a KLM spokeswoman said in a comment on an
+article in the leading Dutch evening paper NRC Handelsblad.
+    "U.S. Law requires that at least 75 pct of shares in a U.S.
+Airline be owned by American firms or persons," the spokeswoman
+added.
+    The newspaper said that Air Atlanta, which flies to 11 U.S.
+Cities, has a fleet of five Boeing jets with passenger capacity
+of 110 and employs 400 people, is making losses.
+    She said KLM had started talks with Vendex International NV
+&lt;VENN.AS> on their jointly owned courier service XP Express
+Parcel Systems, but declined to confirm an NRC Handelsblad
+report saying it wanted to buy the Vendex stake in XP.
+    KLM said last week it is negotiating a minority stake in
+British courier service &lt;IML Air Services Group Ltd>, a
+subsidiary of British and Commonwealth Shipping Plc &lt;BCOM.L>,
+to strengthen its position in the fast-growing worldwide
+door-to-door delivery market.
+    The KLM spokeswoman said she expected further announcements
+about the talks with Vendex to be made early next week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11296" NEWID="6383">
+<DATE>18-MAR-1987 06:44:22.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7375&#31;reute
+r f BC-WEST-GERMAN-NEW-CAR-R   03-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN NEW CAR REGISTRATIONS RISE IN FEBRUARY</TITLE>
+<DATELINE>    FLENSBURG, West Germany, March 18 - </DATELINE><BODY>West German new car
+registrations in February increased by 31 pct over January's
+figure but trailed the February 1986 total by 2.9 pct, the
+Federal Motor Office said.
+    February new car registrations totalled 190,175 compared
+with the year ago figure of 195,852 and last month's 145,122.
+    New car registrations in January had fallen 41.6 pct
+against December, reflecting the end of tax incentives aimed at
+encouraging West Germans to buy cars with catalytic converters.
+    The office said total February new vehicle registrations,
+including those for trucks and buses, fell to 205,376 from
+210,084 in February 1986 but were well above January's 157,357.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11297" NEWID="6384">
+<DATE>18-MAR-1987 06:47:42.59</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7380&#31;reute
+r f BC-BELGIAN-BANK-SAID-TO   03-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN BANK SAID TO SEE SLOWER GROWTH</TITLE>
+<DATELINE>    BRUSSELS, March 18 - </DATELINE><BODY>An internal report produced by the
+Belgian National Bank foresees the country's gross national
+product growth falling in 1987 to 1.0 pct from 2.3 pct in 1986,
+the independent newspaper Le Soir said.
+    A National Bank spokesman said the newspaper article was
+basically correct, but that the report was produced six weeks
+ago and figures were therefore to some extent out of date.
+    The government's planning bureau predicted growth of 0.9
+pct this year in a study published last month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11298" NEWID="6385">
+<DATE>18-MAR-1987 06:51:14.19</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7383&#31;reute
+r f BC-SPAIN'S-INFLATION-RIS   03-18 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN'S INFLATION RISES 0.4 PCT IN FEBRUARY</TITLE>
+<DATELINE>    MADRID, March 18 - </DATELINE><BODY>Spain's consumer price index rose 0.4
+pct in February after increases of 0.7 pct the previous month
+and 0.4 pct in February last year, National Statistics
+Institute figures show.
+    Year-on-year inflation was six pct compared with the
+government five pct target for 1987. It rose 8.3 pct last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11299" NEWID="6386">
+<DATE>18-MAR-1987 06:52:47.16</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f7384&#31;reute
+u f BC-TAIWAN-BUYS-462,000-T   03-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN BUYS 462,000 TONNES OF U.S. MAIZE</TITLE>
+<DATELINE>    TAIPEI, March 18 - </DATELINE><BODY>The joint committee of Taiwan's maize
+importers awarded contracts to five U.S. Companies to supply a
+total of 462,000 tonnes of maize for delivery between May 10
+and October 10, a committee spokesman said.
+    Cigra Inc won a contract for a cargo of 56,000 tonnes,
+priced at 79.41 U.S. Dlrs per tonne fob pacific northwest port,
+for delivery on July 5 and 20.
+    Continental Grain Co of New York received three shipments,
+totalling 143,000 tonnes, price ranging from 90.95 to 95.75
+U.S. Dlrs per tonne c and f Taiwan for delivery between May 10
+and October 10.
+    Cargill Inc of Minnesota took two shipments, totalling
+83,000 tonnes priced between 92.00 and 92.93 U.S. Dlrs per
+tonne c and f Taiwan for September 5-20/September 10-25
+delivery. United Grain Corp of Oregon won three contracts to
+supply 93,000 tonnes priced from 92.32 to 93.19 U.S. Dlrs per
+tonne c and f Taiwan for delivery between May 10 and July 30.
+    Garnac Grain Co Inc of New Jersey received two shipments,
+totalling 87,000 tonnes at 88.90 to 92.29 U.S dlrs c and f
+Taiwan for delivery between July 10 and August 10.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11300" NEWID="6387">
+<DATE>18-MAR-1987 06:52:53.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7385&#31;reute
+b f BC-CREDIT-LYONNAIS-ISSUE   03-18 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT LYONNAIS ISSUES ZERO COUPON YEN BOND</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Credit Lyonnais is issuing a 19 billion
+yen zero coupon eurobond due April 15, 1992 priced at 81.22
+pct, lead manager Nomura International Ltd said.
+    The bond is available in denominations of 10 mln yen and
+will be listed in Luxembourg.
+    Credit Lyonnais is joint lead. Fees comprise 85 basis
+points selling concession and 70 basis points for management
+and underwriting.
+    Payment date is April 15.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11301" NEWID="6388">
+<DATE>18-MAR-1987 06:53:34.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7386&#31;reute
+b f BC-DEUTSCHE-BABCOCK-RIGH   03-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE BABCOCK RIGHTS ISSUE PRICED AT 165 MARKS</TITLE>
+<DATELINE>    OBERHAUSEN, West Germany, March 18 - </DATELINE><BODY>Deutsche Babcock AG
+&lt;DBCG.G> said an issue price of 165 marks had been set on a
+two-for-five rights issue of shares which will raise nominal
+capital by 100 mln marks to 350 mln marks.
+    The subscription period for the offer runs from March 26 to
+April eight, it added.
+    Babcock shares opened at 222.2 marks in Frankfurt after a
+close of 226 yesterday. Babcock, which has set an unchanged
+three mark a share dividend on 1985/86 business, announced last
+week that Iran was selling its 25.2 pct holding in the company.
+These shares will be placed with institutional investors.
+    The rights issue will bring Deutsche Babcock 330 mln marks,
+which share market analysts said was likely be used partly to
+finance expansion, especially in environment technology.
+    However, one analyst who follows the stock for a major
+Frankfurt bank said the capital increase would also be used to
+bring capital ratios back into order after the company suffered
+heavy losses in the early 1980s.
+    This analyst said Babcock had used reserves to cover these
+losses, which were due to problems linked with three major
+contracts in the Middle East. The parent company made a net
+loss in the year to end-September 1982 of 389 mln marks.
+    Deutsche Babcock has not yet presented details of its
+results in the 1985/86 period, but it has said profits rose
+from the group net of 32.1 mln marks in 1984/85.
+    The share market analysts saw no particular problems in the
+pricing of the new Babcock shares but said the timing was
+unfortunate.
+    The government is planning to sell its 25.55 pct stake in
+VEBA AG &lt;VEBG.F> this month, in a transaction worth a likely
+2.5 billion marks. The Babcock rights issue also coincides with
+a large capital increase by the Aachener und Muenchener
+insurance group.
+    The heavy volume of new stock coming on to the market has
+generally put pressure on West German stocks which have also
+suffered because of export problems caused by the high mark.
+    Analysts have linked the pending capital increase with
+Iran's decision to sell its holding in Babcock, held since
+1975.
+    When the Iranian decision was announced last week, the
+market took the news calmly. Analysts said today the
+combination of the Iranian sale and the rights issue would not
+have a negative effect on the Babcock share because the direct
+placement of the Iranian holding with institutional investors
+both in Germany and abroad would shield the price from falls.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11302" NEWID="6389">
+<DATE>18-MAR-1987 06:54:45.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7388&#31;reute
+r f BC-CHINA-EVERBRIGHT-AND   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA EVERBRIGHT AND LOTUS IN H.K. JOINT VENTURE</TITLE>
+<DATELINE>    HONG KONG, March 18 - </DATELINE><BODY>Peking backed &lt;China Everbright
+Holdings Co Ltd> said it signed an accord with a unit of U.S.
+Based Lotus Development Inc &lt;LOTS.O> to form a joint venture
+cathode ray tube manufacturing plant in Hong Kong.
+    An Everbright statement said the company will have a 26 pct
+share in the 70 mln U.S. Dlr worth &lt;Everbright Lotus CRT
+Manufacturing Ltd>, while &lt;H.K. Lotus Scientific Development
+Ltd> will own the remaining stake.
+    The plant has an annual production capacity of up to one
+mln 14-26 inch cathode ray tubes for colour televisions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11303" NEWID="6390">
+<DATE>18-MAR-1987 07:04:48.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f7396&#31;reute
+u f BC-PHILIPPINE-ARMY-ACADE   03-18 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE ARMY ACADEMY BOMBED</TITLE>
+<DATELINE>    MANILA, March 18 - </DATELINE><BODY>Suspected communist rebels bombed the
+Philippine Military Academy and injured at least 20 soldiers,
+many of them senior officers, the state-run Philippine News
+Agency (PNA) said.
+    Quoting military sources, it said a bomb had exploded at
+0200 gmt at the academy, in Baguio north of Manila.
+    The bomb exploded during rehearsals for a weekend
+graduation to be attended by President Aquino, it added. -     
+       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11304" NEWID="6391">
+<DATE>18-MAR-1987 07:05:34.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>lebanon</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f7397&#31;reute
+u f BC-SAUDI-HOSTAGE-FREED-I   03-18 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI HOSTAGE FREED IN BEIRUT</TITLE>
+<DATELINE>    BEIRUT, March 18 - </DATELINE><BODY>A kidnapped Saudi Arabian diplomat has
+been freed in Beirut after 64 days in captivity, witnesses
+said.
+    They identified him as Bakr Damanhuri, responsible for
+Saudi Arabian students at Beirut universities.
+    Damanhuri appeared at a news conference given by Shi'ite
+Moslem Amal militia leader Nabih Berri, Syria's military
+intelligence chief in Lebanon Brigadier Ghazi Kanaan and
+Lebanese-born Saudi Arabian businessman Rafiq Hariri.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11305" NEWID="6392">
+<DATE>18-MAR-1987 07:05:54.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>uk</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7398&#31;reute
+r f BC-STOLTENBERG-URGES-U.K   03-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG URGES U.K. ENTRY INTO EMS</TITLE>
+<DATELINE>    BONN, March 18 - </DATELINE><BODY>West German finance minister Gerhard
+Stoltenberg suggested that the U.K. Should join the European
+Monetary System (EMS) and also urged some member countries to
+abandon their dual currency structures.
+    Stoltenberg was speaking at a meeting of the Committee for
+a Currency Union in Europe, whose key members are former West
+German Chancellor Helmut Schmidt and former French President
+Valery Giscard d'Estaing, founders of the EMS.
+    He said, "One failing of the EMS is important countries,
+like Great Britain, are not members. Other partners should give
+up their split currencies or abandon broader fluctuations."
+    EMS member Belgium has both a "financial" and a "commercial"
+franc and the Italian lira is allowed to fluctuate by six pct
+against other member currencies, compared with a permitted
+fluctuation of only 2.25 pct for other currencies.
+    According to a text of Stoltenberg's speech, the finance
+minister also urged greater convergence of economic and
+financial policies among European countries.
+    He added that monetary stability should be a priority for
+European countries and, with reference to the U.S. Dollar, he
+said it was wrong to presume that a "permanent devaluation" was
+the answer to economic problems.
+    Stoltenberg said there were clear reasons to bring down the
+dollar in 1985. "But an overshooting in the other direction now
+brings the danger of a new inflationary push for the U.S. And
+other countries whose currencies have declined," he added.
+    He said such a development could also produce further
+burdens for heavily indebted developing countries. An agreement
+last month in Paris by industrial countries to stabilise the
+dollar around current levels had acknowledged these risks, he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11306" NEWID="6393">
+<DATE>18-MAR-1987 07:06:02.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f7399&#31;reute
+r f BC-ASSOCIATES-CORP-ISSUE   03-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASSOCIATES CORP ISSUES 15 BILLION YEN BOND</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>&lt;Associates Corp of North America> is
+issuing a 15 billion yen eurobond due November 2, 1992 with a
+five pct coupon and priced at 102-3/8, &lt;IBJ International Ltd>
+said as lead manager.
+    The non-callable bonds will be issued in denominations of
+one mln yen and will be listed in Luxembourg. Fees are 1-1/4
+pct for selling and 5/8 pct for management and underwriting
+combined, with a 1/8 pct praecipuum. Pay date is April 6.
+    Co-lead managers are &lt;New Japan Securities>, &lt;Wako
+Securities> and &lt;Yasuda Trust>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11307" NEWID="6394">
+<DATE>18-MAR-1987 07:06:29.57</DATE>
+<TOPICS><D>money-fx</D><D>stg</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7400&#31;reute
+f f BC-LAWSON-SAYS-HE-IS-CON   03-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LAWSON SAYS HE IS CONTENT WITH CURRENT STERLING EXCHANGE RATE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11308" NEWID="6395">
+<DATE>18-MAR-1987 07:07:24.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>zaire</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7403&#31;reute
+r f BC-ZAIRE-AND-IMF-IN-ECON   03-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAIRE AND IMF IN ECONOMIC RESCUE TALKS</TITLE>
+<AUTHOR>    By Jean-Loup Fievet, Reuters</AUTHOR>
+<DATELINE>    KINSHASA, March 18 - </DATELINE><BODY>Talks are underway between financially
+troubled Zaire and the International Monetary Fund (IMF) aimed
+at rescuing the economy of the second largest nation in
+sub-Saharan Africa.
+    Diplomatic and banking sources in Kinshasa agreed that a
+compromise formula could be reached in the coming weeks
+enabling pro-Western Zaire to obtain a much needed injection of
+cash.
+    For its part the government is expected to increase
+budgetary discipline, which in turn is likely to attract
+foreign investors, the sources said.
+    "Barring last-ditch obstacles, which can't be totally ruled
+out in an issue involving a nation's pride and substantial
+political and economic interests, Zaire and its creditors are
+bound to come to terms soon," a Western diplomat told Reuters.
+    "The Zairean economy won't survive without massive IMF
+assistance. Similarily, the West has no interest to see Zaire's
+strategic minerals fall into communist hands," the diplomat
+said.
+    Zaire defied its creditors late last year by saying it
+would limit repayments on its five billion dlr external debt to
+10 pct of its export earnings from January 1987.
+    The government also announced an end to the floating
+exchange rate for the zaire currency and a return to a fixed
+parity against special drawing rights (SDRs) with periodic
+adjustments.
+    Until last year, Zaire devoted up to 28 pct of its export
+revenue to servicing large foreign debts contracted during the
+copper boom of the 1970's to finance largely non-productive and
+often extravagant investment projects.
+    Zaire, the world's leading cobalt producer and the sixth
+largest supplier of copper, depends on the two minerals for
+two-thirds of its export earnings.
+    "A young country cannot go on indefinitely sacrificing
+everything for the sake of servicing its external debt,"
+President Mobutu Sese Seko commented in October when he
+announced his government's decision.
+    As early as January 1986, Mobutu had warned that "one does
+not feed on austerity and praise. I have another debt, one
+toward my people and my people's efforts must not backfire," he
+told diplomats.
+    Zaire pointed out that during four years of IMF-backed
+austerity (1983-86), it had become a net exporter of capital
+without receiving appropriate financing from abroad.
+    Economists said that since the large devaluation of the
+zaire currency in September 1983, the country suffered a net
+outflow of 830 mln dlrs each year.
+    Zaire's medium and long term public debt in the past few
+years reached an equivalent of about 100 pct of its Gross
+National Product (GNP), one of the highest such ratios in the
+world, banking sources said.
+    Mobutu accused the IMF of "strangling" his country at an
+October meeting of the ruling MPR party and said his people
+could not long endure the hardship caused by austerity.
+    Zairean officials blame their present difficulties on the
+IMF recovery plan's two basic assumptions which, they said,
+failed to materialise last year,
+    - a world economic recovery pushing up commodity prices and
+boosting Zaire's export revenue and debt servicing capacity,
+    - substantial, additional financial help from the country's
+traditional donors.
+    In 1983 Zaire set out on a major economic reform aimed at
+curbing its soaring debt. It floated its currency, slashed
+spending and privatised industry, gaining praise from Western
+creditors and obtaining debt rescheduling.
+    As a result, the overall economic and financial situation
+improved markedly, with inflation down to 41 pct last year from
+100 pct in 1983.
+    But it also led to a severe and steady fall in living
+standards for Zaire's 35 mln population, fuelling widespread
+discontent among poorer city dwellers, diplomats said.
+    Economists estimate the drop in purchasing power at between
+20 and 35 pct for an average household over the last 12 months,
+despite a pay rise of up to 67 pct for civil servants announced
+last May.
+    The World Bank has released in the last two months half of
+a previously-agreed 80 mln dlrs industrial sector loan and lent
+27.6 mln dlrs to modernise the country's vital river transport
+system.
+    Belgium, Zaire's former colonial ruler and its main trading
+partner, recently agreed to release a total of 17 mln dlrs to
+ease payments difficulties and finance imports of spare parts
+for industry.
+    A new agreement between the IMF and Zaire would pave the
+way for another debt rescheduling, probably at the next meeting
+of the Paris Club of Western creditor nations, diplomats said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11309" NEWID="6396">
+<DATE>18-MAR-1987 07:08:35.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f7410&#31;reute
+r f BC-JAPAN-TO-ADOPT-ITS-LA   03-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO ADOPT ITS LARGEST-EVER PROVISIONAL BUDGET</TITLE>
+<AUTHOR>    By Tsukasa Maekawa, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 18 - </DATELINE><BODY>A parliamentary boycott by opposition
+members has forced the government to compile its largest-ever
+provisional budget, finance ministry officials said.
+    The 7,900 billion yen budget for the first 50 days of
+fiscal 1988 starting April exceeds the previous record of 3,040
+billion yen for an 11-day budget in fiscal 1984.
+    An on-again, off-again parliamentary boycott by opposition
+parties over a proposed five pct sales tax has prevented
+passage of the full 1987/88 budget within the current year
+ending March 31.
+    The stop-gap budget, which is expected to pass parliament
+on March 31, is designed to respond to mounting calls for
+economic stimulus from domestic industries, hard hit by the
+yen's sharp rise, officials said.
+    It will include as much as 1,800 billion yen for public
+works, about 30 pct of the 6,000 billion yen earmarked for such
+works in the full budget. Traditionally, a provisional budget
+covers only day-to-day mandatory expenses.
+    The government also expects the budget to meet pressure
+from trading partners for an expansion of Japanese domestic
+demand, they said.
+    The budget includes expenditures for a program to create
+300,000 jobs and other reflationary measures, the officials
+said.
+    They quoted ruling Liberal Democratic Party (LDP) secretary
+general Noboru Takeshita as telling opposition party officials
+yesterday that the budget should include as much pump-priming
+as possible.
+    Economists said confidence of opposition members in their
+campaign to scrap the sales tax has been heightened by their
+success in forcing the adoption of a stop-gap budget and could
+lead to even further delays in passing the full budget.
+    The result may be that the government will have to delay
+its planned announcement of a set of pump-priming measures in
+April, economists said.
+    That package is expected to include a plan to carry out
+more than 80 pct of total 1987/88 public works in the first
+half of the fiscal year, a government official said.
+    Japanese press reports said some LDP executives suggested
+Nakasone may have to give up plans to visit Washington in April
+because of the sales tax confrontation. Nakasone hopes to meet
+President Reagan to prepare for the economic summit of seven
+major industrial democracies in June, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11310" NEWID="6397">
+<DATE>18-MAR-1987 07:10:04.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7418&#31;reute
+d f BC-JAPAN-EARTHQUAKE-KILL   03-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN EARTHQUAKE KILLS ONE, CUTS PHONE LINES</TITLE>
+<DATELINE>    TOKYO, May 18 - </DATELINE><BODY>A very strong earthquake that struck
+southwest Japan killed one person and injured at least three,
+cracked walls and cut telephone lines, authorities said.
+    The quake, at 0336 GMT, registered 6.9 on the Richter
+scale, and officials issued warnings of tidal waves of up to
+two metres high, they said.
+    A man died in Miyazaki prefecture when his truck
+overturned, and another was seriously hurt when his roof caved
+in, police said. Two primary school children were hurt by
+flying shards of glass as they sat in their classroom. The
+extent of their injuries was not immediately known.
+    A police spokesman in the western Kyushu city of Miyazaki,
+one of the worst hit areas, said walls cracked all over town.
+    Weather officials told Reuters the quake's epicentre was 50
+km underground and 40 km offshore east of the city of Hyuga, on
+Kyushu's eastern coast.
+    Maritime Safety Agency authorities ordered fishermen along
+the Kyushu coast to return to port, and dispatched a fleet of
+six search boats to see them safely back.
+    Telephone links with the island were badly disrupted and
+all trains in the area were been stopped as a precaution,
+police said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11311" NEWID="6398">
+<DATE>18-MAR-1987 07:11:17.83</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7423&#31;reute
+f f BC-LAWSON-SAYS-HE-FAVOUR   03-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LAWSON SAYS HE FAVOURS GRADUAL APPROACH TO CUTS IN U.K. INTEREST RATES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11312" NEWID="6399">
+<DATE>18-MAR-1987 07:18:07.92</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7440&#31;reute
+b f BC-U.K.-MONEY-MARKET-SHO   03-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SHORTAGE FORECAST REVISED UP</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>The Bank of England said it revised up
+its estimate of the deficit in the system today to 1.3 billion
+stg from 1.1 billion.
+    The Bank has not provided any assistance to the market so
+far today but earlier invited the discount houses to use their
+borrowing facilities at 1430 GMT today and set the terms at 10
+pct for 14 days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11313" NEWID="6400">
+<DATE>18-MAR-1987 07:21:58.13</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7452&#31;reute
+b f BC-LAWSON-HAPPY-WITH-STE   03-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON HAPPY WITH STERLING, BACKS LATEST RATE CUT</TITLE>
+<AUTHOR>    By Sten Stovall, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Chancellor of the Exchequer Nigel Lawson
+said he was content with the current level of sterling and
+welcomed today's announcement of a further half point cut in
+British bank base lending rates to 10 pct.
+    However, he said he wanted to see a gradual approach to
+declines in domestic U.K. Interest rates, although optimism in
+financial markets might push for big moves quickly.
+    He told a briefing of economic journalists that "I don't
+think we should rush anything." Lawson stressed the themes of
+"gradualism and steadiness" as economic policy.
+    Lawson acknowledged that today's fall in interest rates
+were in response to his budget for fiscal 1987/88, unveiled
+yesterday to Parliament and which set a lower target for the
+key Public Sector Borrowing Requirement (PSBR) of 1.0 pct of
+GDP.
+    Lawson said the two recent cuts in base rates, both made
+this month in the form of half percentage point declines, were
+"perfectly consistent" with monetary conditions now in Britain.
+    He supported that by saying the narrow M0 money supply
+aggregate was "safely inside" its flucuation band of two to six
+pct set for both 1986/87 and 1987/88. In his budget, Lawson set
+no explicit target range for the broader sterling M3.
+    Turning to the question of Britain eventually joining the
+exchange rate mechanism of the European Monetary System (EMS),
+Lawson repeated that "it is most unlikely we will enter before
+the next election."
+    He said Britain was keeping the subject of full EMS
+membership under constant review. But he would not indicate
+what the chief considerations for this were for the government.
+    Prime Minister Margaret Thatcher late last year said a
+decision on whether or not to join depended on the strength of
+the U.K. Economy. But she later said such a move depended on
+other EMS countries scrapping residual capital controls.
+    Although Lawson denounced what he said was "the current wave
+of election fever" in Britain, he added:  "It is more likely that
+there will be an election this year" than not.
+    He said he supported an early election only because it
+would clear the air. "Ideally, we (the government) should have a
+full term," but events could force a premature poll, Lawson
+said.
+    The government, which has been in power since 1979, must
+call an election by June 1988. Speculation is rising for either
+a June or an early autumn election, political sources said.
+    The decision to cut basic tax by only two pence in 1987/88
+"was the right balance, economically and politically," he said.
+    Lawson's decision to restrict the fall in the standard rate
+of tax to two-pence surprised many analysts, who had predicted
+that with Treasurys coffers full of tax revenue would have
+allowed the government to reach its goal of 25 pct in one move.
+    But it was being praised today by political analysts as a
+shrewd move which, while advancing towards that aim, could not
+be seized upon by opposition parties as overtly trying to bribe
+the electorate.
+    Lawson told journalists he had been surprised by how much
+the PSBR had undershot his original assumption of 7.1 billion
+stg for 1986/87 -- by some three billion stg.
+    Returning to changing levels of interest rates, Lawson
+stressed that "they are not an objective (for the government) -
+they are an instrument of policy." Consequently the Treasury had
+no precise target for domestic borrowing levels, he said.
+    But "there may be interest rate consequences" from changes in
+the level of government borrowing, he added.
+    Lawson said he did not think that the U.K.'s relatively
+high level of real interest rates had hurt investment in
+Britain.
+    He said conditions created by London's role as a leading
+financial centre had caused sterling interest rates to be
+higher in real terms than in other countries.
+    Three factors had caused the higher level in relative
+interest rates in Britain, Lawson said.
+    First, control of credit in Britain rested on interest
+rates alone, due to the freedom of its financial markets.
+    He said the second reason was political uncertainty caused
+by proposed spending plans of the opposition Labour Party.
+     Thirdly, he said "we do not have as long a track record of
+low inflation" as did the U.S., Japan and West Germany.
+    Lawson foresaw London becoming the world's pre-eminent
+financial centre, because it was more international in
+character and more favourably placed in time zones than New
+York or Tokyo.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11314" NEWID="6401">
+<DATE>18-MAR-1987 07:25:45.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f7461&#31;reute
+h f BC-JAPAN-TO-ALLOW-MORE-F   03-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO ALLOW MORE FOREIGN BROKERS AT AUCTIONS</TITLE>
+<DATELINE>    TOKYO, March 17 - </DATELINE><BODY>The Finance Ministry said it will allow
+more foreign brokers to participate in government note auctions
+from April by abolishing a requirement that participants have
+current accounts with the Bank of Japan.
+    This will allow 18 more Japanese branches of foreign-owned
+brokerages to bid, it said. Currently 22 foreign brokers are
+allowed to bid.
+    Bidders for two, three and four-year notes must be members
+of the underwriting syndicate for five-year discount notes and
+10 and 20-year government bonds.
+    New tender participants are: Vickers da Costa Ltd; Bache
+Securities Ltd; Smith Barney, Harris Upham International Inc;
+Jardine Fleming Securities Ltd; Kidder Peabody and Co Ltd;
+Goldman, Sachs International Corp; Morgan Stanley Co Ltd; S.G.
+Warburg and Co Ltd; First Boston Co Ltd; Kleinwort Benson
+International Inc; Schroder Securities Ltd; Deutsche Bank AG;
+EF Hutton Ltd; Shearson Lehman Brothers Asia Inc; Dresdner Bank
+AG; Swiss Union Philips and Drew Ltd; Sogen Security Corp and
+Swiss Bank Corp International Asia Inc.
+    Only these 18 Japanese branches of foreign-owned brokers
+would meet other existing requirements to participate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11315" NEWID="6402">
+<DATE>18-MAR-1987 07:30:17.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7469&#31;reute
+u f BC-DIXONS-HAS-56-PCT-OF   03-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIXONS HAS 56 PCT OF CYCLOPS CORP</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Dixons Group Plc &lt;DXNS.L> said its
+tender offer for all of the common shares in &lt;Cyclops Corp> of
+the U.S. Expired at midnight yesterday and that it had accepted
+approximately 2.3 mln shares in the company at 90.25 dlrs each.
+    This represents just over 54 pct of the outstanding shares
+on a fully diluted basis. But including shares already owned,
+Dixons now holds a total of 56 pct of the fully diluted
+outstanding shares.
+    The company said it is now entitled to subscribe for all
+the authorised but unissued and unreserved shares of common
+stock of Cyclops, which total some 5.4 mln shares, at 90.25
+dlrs each.
+    Dixons said it has waived its condition that 80 pct of the
+fully diluted outstanding shares be validly tendered and not
+withdrawn.
+    Dixons launched the agreed 384 mln dlr offer on February 17
+this year in the wake of its unsuccessful battle to take over
+the U.K. Retail store chain Woolworth Holdings Plc &lt;WLUK.L>.
+    Dixons shares were last quoted at 390p, up on last night's
+close of 380p.
+    On Friday, &lt;CYACQ Corp>, an investor group formed by
+Audio/Video Affiliates Inc &lt;AVA> and Citicorp &lt;CCI>, said it
+would increase the price it was offering for all Cyclops shares
+to 92.50 dlrs from 80.00 dlrs each if Cyclops would provide it
+with confidential information given to Dixons and if it were
+satisfied that any rights Dixon might have to recover fees or
+expenses from Dixons or to buy Cyclops stock would be rescinded
+or proved invalid.
+    Audio/Video's offer is scheduled to expire March 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11316" NEWID="6403">
+<DATE>18-MAR-1987 07:31:37.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f7470&#31;reute
+r f PM-JAPAN-BUDGET   03-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOYCOTT FORCES NAKASONE TO ADOPT STOP-GAP BUDGET</TITLE>
+<DATELINE>    TOKYO, March 18 - </DATELINE><BODY>An on-off parliamentary boycott has
+forced Japanese Prime Minister Yasuhiro Nakasone to adopt a
+provisional budget, government officials said.
+    Economic analysts saw this as another setback in Nakasone's
+plans to overhaul the Japanese tax system.
+    The parliamentary boycott by opposition parties over
+Nakasone's plans for a five per cent sales tax has made it
+impossible for the full 1987-88 budget to be passed by the
+start of the fiscal year on April 1, government officials said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11317" NEWID="6404">
+<DATE>18-MAR-1987 07:32:50.54</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>iraq</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f7474&#31;reute
+r f PM-GULF-IRAQ   03-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IT ATTACKS TWO SHIPS IN GULF</TITLE>
+<DATELINE>    BAGHDAD, March 18 -  </DATELINE><BODY>Iraq said its warplanes hit two ships
+off the Iranian coast in attacks last night and early today.
+    The planes "dealt accurate and effective blows to both
+maritime targets before they returned safely to base," a
+military spokesman told the Iraqi new agency INA.
+    There was no immediate confirmation of the attacks from
+Persian Gulf shipping sources.
+    The last confirmed Iraqi attack on shipping was on March 8,
+when an Iranian tanker was hit by a missile south of Iran's
+Kharg island oil export terminal.
+    Gulf shipping sources yesterday reported an Iranian warship
+had set the Cypriot supertanker Pivot on fire with a missile.
+    They said there were no injuries on board and the ship
+headed for the Gulf Emirate of Fujairah under its own power
+after the fire was put out.
+    The Pivot was the 18th ship hit this year in the maritime
+extension of the 6-1/2 year-old Iran-Iraq war.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11318" NEWID="6405">
+<DATE>18-MAR-1987 08:02:05.83</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f7527&#31;reute
+f f BC-ICCO-delegates-accept   03-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ICCO delegates accept principles of buffer stock compromise as negotiation base
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11319" NEWID="6406">
+<DATE>18-MAR-1987 08:02:30.09</DATE>
+<TOPICS><D>interest</D><D>trade</D><D>gnp</D><D>bop</D><D>cpi</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7528&#31;reute
+u f BC-NEW-ZEALAND-ECONOMY-F   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND ECONOMY FORECAST TO IMPROVE IN 1987/88</TITLE>
+<DATELINE>    WELLINGTON, March 18 - </DATELINE><BODY>New Zealand's inflation and interest
+rates should decline and the balance of payments improve
+significantly in the fiscal year to the end of March 1988, the
+Institute of Economic Research (NZIER) said.
+    The independent institute said in its quarterly March issue
+that it was also revising its fiscal 1987 real gross domestic
+product (GDP) forecast to a fall of 0.5 pct against the one pct
+drop forecast in December.
+    Government figures show GDP grew at an annual 1.8 pct in
+the quarter to September and 3.4 pct in the June quarter.
+    The NZIER said the sharp improvement in the June and
+September quarters was due mainly to a new tax structure and
+the introduction of a 10 pct value-added goods and services tax
+and is not expected to continue in the second half of 1986/87.
+    The government's tight fiscal position is not expected to
+change, it said.
+    Annual inflation, measured by the consumer price index, is
+forecast to fall to nine pct by next March from 18.2 pct in
+calendar 1986, it said.
+    "Falling inflation is likely to give significant scope for
+reductions in nominal interest rates; real interest rates are
+also expected to ease (albeit slightly) as the balance of
+payments deficit and hence the call on overseas capital, falls
+away," the NZIER said.
+    Short-term interest rates are forecast to remain between 20
+and 25 pct until the June quarter, but will decline over the
+second half of 1987/88 to between 16 and 18 pct. Long-term
+rates are expected to fall to between 14 and 16 pct.
+    Five year government bond rates are currently 18.40 pct and
+the key indicator 30-day bank bills 26.53 pct.
+    The local dollar is expected to depreciate steadily in the
+early part of the coming year and, by next March, reach 57.5 on
+the Reserve Bank's trade weighted index, which is based on a
+basket of currencies. The index now stands at around 66.4.
+    "A marked improvement in the balance of payments is
+forecast," the NZIER said. "The current account deficit is
+expected to fall from 7.5 pct of GDP in 1985/86 to 4.5 pct in
+1986/87 and 2.5 pct in 1987/88."
+    The current account deficit is forecast to shrink to 1.32
+billion N.Z. Dlrs in 1987/88 from 2.40 billion in 1986/87 and
+3.33 billion in 1985/86.
+    The 1987/88 budget deficit is forecast to be 2.8 billion
+dlrs against an expected 2.9 billion dlrs in 1986/87 and 1.87
+billion in 1985/86.
+    This compares with the government's 1986/87 deficit figure
+of 2.92 billion against an earlier forecast of 2.45 billion.
+    "Conditions in the coming year are sufficiently subdued to
+contribute to marked improvements in both the balance of
+payments and the rate of inflation ...," the NZIER said.
+    "Overall, these are significant gains for the New Zealand
+economy and, if they continue to be improved upon, bode well
+for future prospects."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11320" NEWID="6407">
+<DATE>18-MAR-1987 08:06:21.15</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f7546&#31;reute
+b f BC-ICCO-MEMBERS-ACCEPT-B   03-18 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICCO MEMBERS ACCEPT BUFFER STOCK PRINCIPLES</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>International Cocoa Organization (ICCO)
+producers and consumers accepted the principles of a compromise
+proposal on buffer stock rules as a basis for further
+negotiation, delegates said.
+    The buffer stock working group then asked ICCO Executive
+Director Kobena Erbynn, who wrote up the draft compromise, to
+flesh out details of the principles with the assistance of a
+representative group of delegates, they said.
+    The working group broke up for the day, into a smaller
+group of five producers and five consumers to discuss
+administrative rules and into the group headed by Erbynn to
+hammer out buffer stock rules details, delegates said.
+    Delegates said many differences of opinion still have to be
+ironed out. "Whenever we start getting into details the clouds
+gather," one delegate said.
+    Erbynn is likely to present fleshed out details of the
+buffer stock rules proposal to the working group early
+tomorrow, delegates said.
+    The principles of the draft proposal included establishing
+an offer system for buffer stock purchases rather than a posted
+price system, a limit to the amount of non-ICCO member cocoa
+that can be bought, and differentials to be paid for different
+varieties of cocoa comprising the buffer stock, delegates said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11321" NEWID="6408">
+<DATE>18-MAR-1987 08:16:58.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7577&#31;reute
+b f BC-LAND-SECURITIES-ISSUE   03-18 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAND SECURITIES ISSUES 100 MLN STG EUROBOND</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Land Securities Plc is issuing a 100 mln
+stg eurobond due April 29, 2007 with a 9-1/2 pct coupon and
+priced at 95-3/4, lead manager J. Henry Schroder Wagg and Co
+Ltd said.
+    The non-callable bonds will be listed in London and will be
+issued in denominations of 1,000 and 10,000 stg. Fees are 1-1/2
+pct for selling and one pct for management and underwriting
+combined with a 3/16 pct praecipuum. The pay date is April 29.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11322" NEWID="6409">
+<DATE>18-MAR-1987 08:17:04.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f7578&#31;reute
+r f AM-BANK   03-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE> FDIC ANNOUNCES 44TH U.S. BANK FAILURE OF YEAR</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Federal Deposit Insurance Corp.
+(FDIC) announced the failure of an Oklahoma City bank, the 44th
+U.S. bank failure this year.
+    The FDIC said it had approved the assumption of the United
+Oklahoma Bank by United Bank of Oklahoma, a newly chartered
+subsidiary of United Bank Shares, Inc., of Oklahoma City.
+    It said the failed bank had 148.9 million dlrs in assets,
+including about 94.1 million dlrs in 13,000 accounts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11323" NEWID="6410">
+<DATE>18-MAR-1987 08:17:40.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7580&#31;reute
+u f BC-AFG-&lt;AFG>,-WAGNER/BRO   03-18 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFG &lt;AFG>, WAGNER/BROWN BID FOR GENCORP &lt;GY></TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>&lt;General Partners>, controlled by
+privately-held Wagner and Brown and by AFG Industries Inc, said
+it has started a tender offer for all common shares of GenCorp
+Inc and associated defensive preferred share purchase rights
+for 100 dlrs a share.
+    GenCorp stock closed yesterday in composite tape trading at
+90.50 dlrs a share, up two dlrs on the day.
+    In a newspaper advertisement, General Partners said the
+offer and withdrawal rights expire April 14 unless extended.
+    General Partners said the offer is conditioned on receipt
+of sufficient financing to buy all shares on a fully diluted
+basis and receipt of enough shares to give General Partners at
+least 51 pct voting power, again fully diluted.
+    It said the offer is also conditioned on GenCorp redeeming
+the defensive rights or General Partners being satisfied that
+the rights have been invalidated and General Partners obtaining
+from the Federal Communications Commission a special temporary
+authorization allowing completion of the acquisition of GenCorp
+shares.
+    General Partners said it would set up voting trust
+arrangements pending review of its long-form application for
+FCC approval of its acquisition of control of GenCorp's
+broadcasting subsidiary.
+    The partnership said the offer is further conditioned on
+GenCorp management withdrawing its proposals to amend the
+company's articles of incorporation and code of regulations to
+provide for an increase in authorized common shares, a
+classified board of directors and the elimination of cumulative
+voting.  The latter two changes would make it harder for
+minority shareholders to elect directors.
+    General Partners said it is asking GenCorp for its
+shareholder lists for help in disseminating the offer.
+    GenCorp has about 22.3 mln shares outstanding, making the
+value of the offer about 2.23 billion dlrs.
+    Last fall, AFG and Wagner and Brown offered to acquire
+&lt;Lear Siegler Inc> for about 1.44 billion dlrs but withdrew the
+offer when higher bids emerged and due to complications of the
+Tax Reform Act of 1986.  Lear Siegler eventually went private
+for 1.66 billion dlrs.
+    GenCorp is involved in tire and plasticmaking and aerospace
+as well as broadcasting.  The company faces challenges to its
+two television and 12 radio station licenses, partly becuase it
+failed to inform the FCC about allegedly improper foreign
+payments and political contributions.
+    GenCorp has agreed to sell its New York-area television
+station WOR to MCA Inc &lt;MCA> for 387 mln dlrs and its Los
+Angeles station KHJ to Walt Disney Co &lt;DIS> for 217 mln dlrs.
+An investor group challenging the Los Angeles license would
+also receive 103 mln dlrs from Disney.
+    For the year ended November 30, GenCorp earned 130 mln dlrs
+on sales of 3.10 billion dlrs.
+    A GenCorp spokesman said the offer came as a surprise and
+the company was not yet in a position to comment on the bid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11324" NEWID="6411">
+<DATE>18-MAR-1987 08:18:43.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f7587&#31;reute
+d f AM-FISHING   03-18 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE PROTESTS OVER CANADA'S FISHING BAN</TITLE>
+<DATELINE>    PARIS, March 18 - </DATELINE><BODY>France today protested over Canada's
+decision to declare its ports off limits to French fishing
+vessels and bar further fishing by France off Newfoundland.
+    A foreign ministry statement described yesterday's decision
+by Canada as "unjustified and contrary to international law and
+commitments made by Canada," and called on Ottawa authorities to
+reexamin their position.
+    Accusing the French of overfishing, Canada yesterday said
+that any French fishermen caught in the Burgeo Bank area, off
+the south coast of Newfoundland, would be arrested.
+    "The French government strongly protests against the closing
+of Canadian ports to French fishing vessels and against the
+fishing ban decided by canada on the Burgeo Bank," the ministry
+statement added.
+    The French foreign ministry said the measure, the latest
+episode in the long-running fishing dispute, would have a
+negative effect on fishing negotiations currently held between
+Ottawa and Paris.
+    Canada is claiming the French have exceeded their
+6,400-tonne quota of cod allowed in the area.
+    In January Canada and France concluded an interim fishing
+accord, opposed by fishermen in both countries, allowing France
+to increase its cod quota by about 15,000 tonnes during 1987.
+    Under this accord, Canada and France also agreed to refer
+differences over a maritime boundary zone near the French
+islands of Saint-Pierre et Miquelon to international
+arbitration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11325" NEWID="6412">
+<DATE>18-MAR-1987 08:22:37.61</DATE>
+<TOPICS><D>veg-oil</D><D>sun-oil</D><D>cotton-oil</D></TOPICS>
+<PLACES><D>uk</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f7596&#31;reute
+b f BC-EGYPT-REJECTS-VEG-OIL   03-18 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT REJECTS VEG OIL OFFERS, TO RETENDER</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Egypt rejected all offers at a vegetable
+oil import tender yesterday for unspecified amounts of
+sunflowerseed oil and/or cottonseed oil, traders said. It has
+asked for a renewal of offers on March 24.
+    Exporters said they were not prepared to offer material on
+Egypt's new landed contract terms which include a clause, "free
+from radioactive contamination." Offers submitted were on old
+contract terms, all of which were rejected.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11326" NEWID="6413">
+<DATE>18-MAR-1987 08:23:42.51</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f7597&#31;reute
+u f BC-TEXACO-&lt;TX>-TO-CEASE   03-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> TO CEASE POSTING TEXAS OIL PRICE</TITLE>
+<DATELINE>    NEW YORK, MARCH 18 - </DATELINE><BODY>Texaco Refining and Marketing, an
+operating subsidiary of Texaco Inc, said it would cease to post
+crude oil prices for West Texas crudes at the end of this month
+following a decision to discontinue purchase of crude oil from
+leases, a Texaco spokesman in Houston said.
+    But it will continue to purchase quantities of U.S. and
+foreign crude oil for use in its refinery system, he added.
+     The spokesman also said Texaco Trading and Transport Inc
+would continue to acquire and market Texaco lease production as
+well as other lease production. The company will continue to
+post a Louisiana price, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11327" NEWID="6414">
+<DATE>18-MAR-1987 08:24:59.84</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f7600&#31;reute
+u f BC-IVORY-COAST-MINISTER   03-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IVORY COAST MINISTER DELAYED FOR COCOA TALKS</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Ivorian Agriculture Minister Denis Bra
+Kanon, chairman of the International Cocoa Organization (ICCO)
+council, will not be able to open the council session here
+tomorrow, an Ivorian ICCO delegate told Reuters.
+    He will arrive sometime later during the meetings here, the
+delegate said. The council session will be chaired instead by
+ICCO vice chairman Sir Denis Henry, the delegate from Grenada,
+ICCO officials said.
+    Ivorian officials last week said Bra Kanon was due to
+return home for funeral ceremonies for a sister of Ivorian
+President Felix Houphouet-Boigny March 19-22.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11328" NEWID="6415">
+<DATE>18-MAR-1987 08:26:21.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T G M
+&#22;&#22;&#1;f7603&#31;reute
+u f BC-SPANISH-UNION-VOTES-A   03-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH UNION VOTES AGAINST APRIL GENERAL STRIKE</TITLE>
+<DATELINE>    MADRID, March 18 - </DATELINE><BODY>Spain's second largest union, the
+Workers Commissions, CC.OO, has voted against a general strike
+next month to back wage demands and oppose the government's
+economic policies, a CC.OO spokesman said.
+    The proposal for a general strike was narrowly defeated at
+a meeting yesterday but union leaders voted instead for a
+national week of strike action beginning on April 3 and urged
+their members to concentrate their protests on April 10.
+    The Socialist General Workers' Union, UGT, the country's
+biggest union, is against a general strike but has joined
+forces with CC.OO. To demand real wage rises this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11329" NEWID="6416">
+<DATE>18-MAR-1987 08:30:27.14</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f7611&#31;reute
+f f BC-******U.S.-REAL-GNP-R   03-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. REAL GNP ROSE REVISED 1.1 PCT IN 4TH QTR INSTEAD OF 1.3 PCT RISE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11330" NEWID="6417">
+<DATE>18-MAR-1987 08:30:57.08</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f7613&#31;reute
+f f BC-******U.S.-GNP-PRICE   03-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. GNP PRICE DEFLATOR ROSE 0.7 PCT IN 4TH QTR, UNCHANGED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11331" NEWID="6418">
+<DATE>18-MAR-1987 08:31:30.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f7614&#31;reute
+f f BC-******U.S.-NET-CORPOR   03-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. NET CORPORATE PROFITS ROSE 6.1 PCT IN 4TH QTR AFTER 5.5 PCT 3RD QTR RISE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11332" NEWID="6419">
+<DATE>18-MAR-1987 08:32:20.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7619&#31;reute
+r f BC-MATRIX-SCIENCE-&lt;MTRX>   03-18 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MATRIX SCIENCE &lt;MTRX> SETS STOCK SPLIT</TITLE>
+<DATELINE>    TORRANCE, Calif., March 18 - </DATELINE><BODY>Matrix Science Corp said its
+board declared a two-for-one stock split and a six-cent per
+share (pre stock split) dividend, payable May 7 to stockholders
+of record April 16.
+    The company said the dividend is in addition to the ten cts
+per share dividend paid January 2, 1987, making the post stock
+split annual dividend eight cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11333" NEWID="6420">
+<DATE>18-MAR-1987 08:32:27.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7620&#31;reute
+r f BC-SEA-GALLEY-STORES-INC   03-18 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEA GALLEY STORES INC &lt;SEAG> 4TH QTR DEC 28 LOSS</TITLE>
+<DATELINE>    MOUNTLAKE TERRACE, Wash., March 18 -
+    </DATELINE><BODY>Shr loss 69 cts vs loss 1.45 dlrs
+    Net loss 2,015,000 vs loss 4,268,000
+    Revs 16.6 mln vs 16.9 mln
+    Year
+    Shr loss 1.21 dlrs vs loss 59 cts
+    Net loss 3,514,000 vs loss 1,839,000
+    Revs 58.8 mln vs 61.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11334" NEWID="6421">
+<DATE>18-MAR-1987 08:33:33.28</DATE>
+<TOPICS><D>veg-oil</D><D>coconut-oil</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f7625&#31;reute
+u f BC-COCONUT-OIL-CONTRACT   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCONUT OIL CONTRACT TO CHANGE - DUTCH TRADERS</TITLE>
+<DATELINE>    ROTTERDAM, March 18 - </DATELINE><BODY>Contract terms for trade in coconut
+oil are to be changed from long tons to tonnes with effect from
+the Aug/Sep contract onwards, Dutch vegetable oil traders said.
+    Operators have already started to take account of the
+expected change and reported at least one trade in tonnes for
+Aug/Sept shipment yesterday.
+    The Federation of Oils Seeds and Fats Associations, FOSFA,
+in London said it had previously advised traders to adopt the
+metric system for coconut oil transactions to bring the
+commodity into line with other vegetable oils.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11335" NEWID="6422">
+<DATE>18-MAR-1987 08:35:38.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7643&#31;reute
+r f BC-FAR-WEST-FINANCIAL-&lt;F   03-18 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAR WEST FINANCIAL &lt;FWFP> TO BUY PROGRESSIVE</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., March 18 - </DATELINE><BODY>Far West Financial Corp
+said its Far West Savings and Loan Association unit has reached
+an agreement in principle to acquire all the outstanding stock
+of Progressive Savings and Loan Association &lt;PRSL>.
+    Far West said it does not expect the cost of the
+transaction to exceed 15 mln dlrs.
+    Progressive Savings has ten branches in Southern California
+and about 500 mln dlrs in assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11336" NEWID="6423">
+<DATE>18-MAR-1987 08:35:45.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7644&#31;reute
+r f BC-WHEELING-PITTSBURGH-&lt;   03-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHEELING-PITTSBURGH &lt;QWHX> CHIEF EXECUTIVE QUITS</TITLE>
+<DATELINE>    PITTSBURGH, March 18 - </DATELINE><BODY>Wheeling-Pittsburgh Steel Corp said
+George A. Ferris, 70, has resigned as vice chairman and chief
+executive officer.
+    The company also said Lloyd C. Lubensky, 64, its largest
+shareholder, has been named chairman.  Lubensky is president of
+Ryder System Inc's &lt;RDR> American Jet Industries subsidiary. 
+In early January Allan E. Paulson sold his 34.2 pct stake in
+Wheeling-Pittsburgh to Lubensky and resigned as chairman.  No
+successor was named at the time.  Ferris, Lubensky and director
+John P. Innes made up an executive committee formed last month
+to operate Wheeling-Pittsburgh.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11337" NEWID="6424">
+<DATE>18-MAR-1987 08:35:51.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7645&#31;reute
+r f BC-AMERICAN-ADVENTURE-&lt;G   03-18 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ADVENTURE &lt;GOAAQ> HAS NASDAQ EXCEPTION</TITLE>
+<DATELINE>    KIRKLAND, Wash., March 18 - </DATELINE><BODY>American Adventure Inc said its
+common stock will continue to be quoted on the NASDAQ system
+due to an exception from capital and surplus requirements,
+which it failed to meet as of January 20.
+    The company said it believes it can meet conditions imposed
+for the exception but there is no assurance that it will be
+able to do so.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11338" NEWID="6425">
+<DATE>18-MAR-1987 08:35:57.99</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f7646&#31;reute
+r f BC-COASTAL-&lt;CGP>-SAYS-TR   03-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL &lt;CGP> SAYS TRANSAMERICAN SUIT FRIVOLOUS</TITLE>
+<DATELINE>    HOUSTON, March 18 - </DATELINE><BODY>Coastal Corp said it belives the two
+billion dlr suit against it by &lt;TransAmerican Natural Gas Corp>
+in Texas state court is frivolous and without merit.
+    The company said it intends toi proceed with filing a
+reorganization plan for TransAmerican with the U.S. Bankruptcy
+Court in Houston.
+    Yesterday afternoon, the bankruptcy court issued a
+temporary restraining order prohibiting TransAmerican and
+Coastal from taking any action in any court that would
+interfere with the jurisdiction of the bankruptcy court.
+    Yesterday's bankruptcy court ruling affirmed Coastal's
+rights as a TransAmerican creditor to file a reorganization
+plan for TransAmerican.
+    TransAmerican's suit alleges that Coastla attempted to
+unlawfully gain control of TransAmerican's Texas natural gas
+reserves and pipeline system.
+    TransAmerican's bankruptcy proceedings began in 1983.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11339" NEWID="6426">
+<DATE>18-MAR-1987 08:41:19.91</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7659&#31;reute
+u f BC-BUNDESBANK-SEEN-STEER   03-18 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK SEEN STEERING STEADY MONETARY COURSE</TITLE>
+<AUTHOR>    By Franz-Josef Ebel, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 18 - </DATELINE><BODY>The Bundesbank is likely to steer a
+steady monetary course over the next few weeks and a change in
+credit policies is not expected at tomorrow's regular central
+bank council meeting, bank economists and dealers said.
+    "There is no need for action," Hermann Remsperger, chief
+economist of Berliner Handels- and Frankfurter Bank (BHF) said.
+    Others noted that exchange rates are stable after last
+month's Group of Six agreement in Paris and central bank money
+stock growth is still well above the three to six pct target
+zone, so a change in credit policies could be ruled out.
+    One money market dealer said comments by Bundesbank
+President Karl Otto Poehl at a private seminar in Duesseldorf
+two weeks ago hinting at another interest rate cut only
+indicated the Bundesbank might act if conditions changed.
+    Bank economists said U.S. Pressure on West Germany to
+further ease credit policies had receded since the Paris pact.
+    But such demands could re-emerge if West Germany failed to
+stimulate its economy enough to affect the massive U.S. Trade
+deficit.
+    Remsperger said continued strong money supply growth also
+precluded a further cut in official interest rates.
+    Central bank money stock was growing at an annualized 7.5
+pct in February, unchanged from the 7.5 pct in January.
+    Economists said some of the 18 members of the central bank
+council were worried about the continued overshoot in the money
+supply target and were bound to resist any moves to cut rates.
+But Poehl played down the risk of inflation.
+    Economists said the fact that money stock growth remained
+stable last month was a success. Some said it was likely to
+return to within the target range later this year.
+    "The special factors which boosted money supply growth last
+year are disappearing," one economist said.
+    He said some 75 pct of the money supply increase in 1986
+was caused by a sharp rise in the inflow of foreign funds.
+    This trend had been reversed recently and with domestic
+credit demand likely to remain at steady levels, money stock
+growth was expected to narrow in the medium-term.
+    These developments were increasing the Bundesbank's scope
+for a rate cut in the medium-term, economists said.
+    Money market dealers said period rates remained little
+changed, indicating no change in credit policy was expected.
+    Call money rates declined to 3.75/80 pct from 3.90/95
+yesterday, with the market well stocked with liquidity.
+    Dealers said call money was soft because tax payments on
+behalf of customers had been less than expected so far. But
+rates were likely to tighten again as soon as the full effect
+of this month's major tax payment period is felt. Payments for
+the federal railways bond are also likely to burden the market.
+    The Bundesbank did not inject liquidity via a securities
+repurchase agreement this week, but countered a tightening in
+rates on Monday by injecting funds through government-owned
+banks.
+    Dealers said recent securities repurchase pacts had shown
+the Bundesbank clearly wanted call money rates stable at 3.80.
+    One dealer said, "If the central bank wanted lower interest
+rates, it would first of all drive call money rates down."
+    Banks remained relatively well stocked with minimum reserve
+assets. They held 52.9 billion marks in minimum reserves on
+Monday, averaging 53.7 billion marks over the first 16 days of
+March. A requirement of around 51 billion is expected.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11340" NEWID="6427">
+<DATE>18-MAR-1987 08:41:34.59</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f7660&#31;reute
+b f BC-/U.S.-REAL-GNP-ROSE-1   03-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. REAL GNP ROSE 1.1 PCT IN FOURTH QUARTER</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The U.S. Gross National Product,
+after removing the impact of inflation, increased at a revised
+annual rate of 1.1 pct in the fourth quarter, the Commerce
+Department said.
+    That was down from an earlier preliminary 1.3 pct rise
+estimated a month ago and down from the 2.1 pct rise in the
+fourth quarter of 1985.
+    The final fourth quarter revision, however, left unchanged
+the previous estimate of a 2.5 pct increase in GNP for all of
+1986 over 1985.
+    The revised estimate for fourth quarter GNP partly
+reflected a downward revision in inventories to a total
+decrease of 28.5 billion dlrs in the fourth quarter, the
+department said.
+    The revisions also indicated personal consumption spending
+decreased 2.2 billion dlrs in the fourth quarter after an
+increase of 39.6 billion dlrs in the third quarter.
+    Exports of goods and services rose 15.3 billion dlrs after
+a decline of 9.4 billion dlrs in the third quarter. Imports
+decreased 700 mln dlrs in the final quarter, in contrast to an
+increase of 20.9 billion dlrs in the third quarter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11341" NEWID="6428">
+<DATE>18-MAR-1987 08:48:31.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7692&#31;reute
+u f BC-JAPAN-TELECOM-MERGER   03-18 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TELECOM MERGER COULD INVOLVE U.K.,U.S. FIRMS</TITLE>
+<DATELINE>    TOKYO, March 18 - </DATELINE><BODY>Cable and Wireless PLC &lt;CAWL.L> and the
+Pacific Telesis group &lt;PAC.N> may take part in a proposed
+merger of two rival firms seeking to enter Japan's
+international telecommunications market, a senior industry
+official said.
+    Fumio Watanabe, head of a telecommunications committee with
+the Federation of Economic Organisations (Keidanren), told a
+news conference Japanese shareholders in the two consortiums
+agreed that the U.S. And British companies will be invited to
+participate in the new merged firm.
+    The planned linkup will satisfy Tokyo's request that only
+one private company should enter the market.
+    The two consortiums, &lt;International Digital Communications
+Planning Inc> (IDC) and &lt;International Telecom Japan> (ITJ),
+were set up in 1986 to compete with monopoly &lt;Kokusai Denshin
+Denwa Co> (KDD) after the market was deregulated in 1985.
+    Watanabe said the Post and Telecommunications Ministry
+wanted only one competitor for the time being because of the
+size of the Japanese telcommunications market and that foreign
+investors will only be allowed to hold a minority stake.
+    He estimated the two foreign firms' share in the merged
+consortium at less than three pct and added that even the
+largest shareholders could own only some five pct .
+    Cable and Wireless and Japanese trading house &lt;C. Itoh and
+Co.> each have a 20 pct stake in the IDC consortium while
+Pacific Telesis and Merrill Lynch and Co. Inc. &lt;MER.N> jointly
+hold 13 pct .
+    ITJ is headed by a rival group of trading houses. Several
+firms including Toyota Motor Corp. &lt;TOYO.T>  belong to both.
+    Watanabe said progress was being made towards a merger
+agreement and added that Japanese industry agreed with the
+government on having only one private consortium as two
+companies might invest "excessive" amounts.
+    He said talks with Cable &amp; Wireless will continue this
+week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11342" NEWID="6429">
+<DATE>18-MAR-1987 08:50:08.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7697&#31;reute
+r f BC-EC-COMMISSION-PLANS-T   03-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE> EC COMMISSION PLANS TO OPEN UP PUBLIC CONTRACTS</TITLE>
+<DATELINE>    BRUSSELS, March 18 - </DATELINE><BODY>The European Community executive
+Commission today announced plans to open up government
+contracts to companies throughout the 12-country bloc.
+    Internal Market commissioner Lord Cockfield told a news
+conference the Commission will shortly make proposals to open
+up contracts awarded by state-owned utilities such as
+telecommunications, transport, energy and water.
+    About 400 billion European Currency Units worth of
+contracts are awarded by governments and public bodies in the
+EC every year. The Commission says only 20 pct of these are
+open to competition from outside the country.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11343" NEWID="6430">
+<DATE>18-MAR-1987 08:51:50.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7701&#31;reute
+d f BC-FERRUZZI-NEGOTIATING   03-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERRUZZI NEGOTIATING EUROPEAN ACQUISITION</TITLE>
+<DATELINE>    ROME, March 18 - </DATELINE><BODY>Italy's &lt;Gruppo Ferruzzi> is in the
+advanced stages of negotiations that could result in an
+acquisition worth "some hundreds of billions of lire" in the
+European agro-industrial sector, a company spokesman told
+Reuters.
+    The spokesman declined to identify the other party or
+parties involved in talks, or whether a complete takeover was
+under discussion, but said an Italian newspaper report that
+Ferruzzi was studying the possibility of advancing an offer for
+13 European cereal processing plants owned by the U.S. Group
+CPC International Inc &lt;CPC.N> was incorrect.
+    The spokesman said that possibility had been evaluated by
+Ferruzzi but that the company's attention at the moment was
+"decisively in another direction."
+    The spokesman, responding to a report in the Italian
+economic daily Il Sole-24 Ore that Ferruzzi was considering a
+possible bid for the CPC plants, told Reuters his company hoped
+to conclude the talks currently underway in a couple of months.
+    The spokesman said that since the U.K. Government last
+month blocked Ferruzzi's bid to acquire &lt;British Sugar Plc>,
+the company had been looking at other investment opportunities.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11344" NEWID="6431">
+<DATE>18-MAR-1987 08:52:58.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f7711&#31;reute
+b f BC-/U.S.-CORPORATE-PROFI   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORPORATE PROFITS ROSE 6.1 PCT IN 4TH QTR</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Profits of U.S. corporations, after
+tax liabilities, increased 8.3 billion dlrs, or 6.1 pct, in the
+fourth quarter to a seasonally adjusted annual rate of 144.2
+billion dlrs, the Commerce Department said.
+    The increase was the largest since the third quarter of
+1983, when profits rose 11.4 pct and followed a 5.5 pct rise in
+the third quarter of 1986.
+    For the full year 1986, profits after tax were 2.5 billion
+dlrs, or 1.9 pct, higher than in 1985 at a total of 133.9
+billion dlrs, the department said.
+    The department also estimated corporate profits to reflect
+retroactive provisions of the Tax Reform Act of 1986.
+    It said profits after tax fell 11.2 billion dlrs in the
+fourth quarter after a decline of 10.3 billion dlrs in the
+third quarter.
+    Profits before taxes and from current production rose 2.8
+pct to 310.4 billion dlrs after rising three pct in the third
+quarter.
+    Profits tax liability rose to 114.6 billion dlrs in the
+final quarter last year from 104.4 billion dlrs in the third
+quarter, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11345" NEWID="6432">
+<DATE>18-MAR-1987 08:53:26.86</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f7714&#31;reute
+u f BC-MALAYSIA-TO-CUT-OIL-O   03-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA TO CUT OIL OUTPUT FURTHER, TRADERS SAY</TITLE>
+<AUTHOR>    By Yeoh May, Reuters</AUTHOR>
+<DATELINE>    SINGAPORE, March 18 - </DATELINE><BODY>Malaysia's state oil company Petronas
+will cut oil production to 420,000 barrels per day (bpd) from
+May 1, trade sources said.
+    Malaysia cut its 510,000 bpd target output by 10 pct last
+September to support Opec moves to boost prices, and the latest
+cut would reduce output by 17.5 pct from 1986's target level.
+    Petronas said in February that Malaysia would maintain its
+10 pct production cutback until mid-1987.
+    However, the Finance Ministry said in its annual report
+that Malaysia's crude oil output was expected to rise to an
+average 510,000 bpd in 1987.
+    The ministry's forecast assumed average 1987 crude prices
+at 13 dlrs/barrel (bbl), but prices have risen enough to permit
+further production cutbacks, the sources said.
+    Malaysia's benchmark Tapis blend fetched above 18 dlrs/bbl
+this year against a low of 10.50 dlrs/bbl in July, they said.
+    Traders said further reductions by Malaysia would add to
+the tight spot availabilities of Asian grades caused by reduced
+Indonesian and Chinese crude output.
+    The cutback will also help Malaysia maintain prices, as
+there is concern some buyers want to reduce term purchases due
+to the availability of cheaper alternatives, the sources said.
+    In addition to term sales, Petronas has been offering two
+to three 400,000 bbl spot cargoes of Malaysian crude each month
+for sale through tender, the sources said.
+    However, this practice is likely to dwindle given the
+reduced scale of production, they said.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11346" NEWID="6433">
+<DATE>18-MAR-1987 08:55:50.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7719&#31;reute
+u f BC-INTERCARE-&lt;CARE>-SAYS   03-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERCARE &lt;CARE> SAYS ACQUISITION TERMINATED</TITLE>
+<DATELINE>    CULVER CITY, Calif., March 18 - </DATELINE><BODY>InterCare Inc said it has
+agreed to terminate the proposed acquisition of &lt;Universal
+Care> because &lt;First Jersey Securities> has withdrawn as
+underwriter for a proposed offering of InterCare securities.
+    The company said the offering was to have raised 7,500,000
+dlrs for working capital through the sale of equity and debt
+and would have also financed the 1,897,000 dlr cash portion of
+the Universal Care purchase price.  In addition, 1,700,000 dlrs
+would have been used to repay debt.
+    InterCare said to date it has incurred about 500,000 dlrs
+in expenses in connection with the proposed offering.
+    The company said to improve its working capital position,
+it plans to reduce operating expenses by decreasing hours of
+operation and its workforce and selling some assets.
+    As of October 31, the copmpany said it had a working
+capital deficit of 2,301,000 dlrs, on a pro forma basis to
+include recently acquired U.S. Medical Enterprises Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11347" NEWID="6434">
+<DATE>18-MAR-1987 08:56:52.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7725&#31;reute
+d f BC-RANK-ORGANISATION-CUR   03-18 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RANK ORGANISATION CURRENT TRADING SATISFACTORY</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Rank Organisation Plc &lt;RANK.L> said
+trading in the current year had continued satisfactorily taking
+into account seasonal fluctuations.
+    Association companies, such as &lt;Rank-Xerox Ltd>, indicated
+an improved performance, a statement issued at the annual
+meeting said.
+    It said it planned to spend some 15 mln stg on refurbishing
+its Odeon cinema chain and the Rank Film Distributors unit was
+committed to spending 20 mln to secure international
+distribution rights of films.
+    Investment in new activities in 1987 should continue at a
+relatively high level to exploit opportunities for growth. Rank
+said it did not exclude the possibility of making large as well
+as small acquisitions.
+    In the year to end-October, Rank reported a rise in pretax
+profits to 164.1 mln stg from 136.0 mln previously.
+    Rank shares firmed in morning trading to be quoted at 712p
+at 1320 GMT after 697p at last night's close.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11348" NEWID="6435">
+<DATE>18-MAR-1987 08:58:17.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7731&#31;reute
+f f BC-******HARCOURT-BRACE   03-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HARCOURT BRACE SETS MARCH 30 DEADLINE IN HARPER AND ROW BID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11349" NEWID="6436">
+<DATE>18-MAR-1987 08:58:56.30</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f7733&#31;reute
+u f BC-SHIPS-HELD-UP-AT-CALC   03-18 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHIPS HELD UP AT CALCUTTA</TITLE>
+<DATELINE>    BOMBAY, March 18 - </DATELINE><BODY>Some 10 Indian ships have been held up
+at Calcutta port after four days of industrial action by local
+seamen, a spokesman for the shipowners' association INSA said.
+    The dispute has prevented local crewmen signing on and off,
+but has not affected foreign ships with international crews
+docking at Calcutta, which exports tea and jute and imports
+machinery, crude oil and petroleum products, the spokesman
+said.
+    Foreign ships may also suffer if dock workers join the
+action, he said. The Shipping Corporation of India (SCI) has
+asked its ships to avoid the port until the dispute is over,
+National Union of Seafarers in India president Leo Barnes said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11350" NEWID="6437">
+<DATE>18-MAR-1987 08:59:30.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7734&#31;reute
+r f BC-COOPERVISION-INC-&lt;EYE   03-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPERVISION INC &lt;EYE> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 18 -
+    </DATELINE><BODY>Shr 3.65 dlrs vs 33 cts
+    Net 82.5 mln vs 7,300,000
+    Sales 94.4 mln vs 85.4 mln
+    Avg shrs 22.6 mln vs 21.7 mln
+    NOTE: Current year net includes pretax gain 175.2 mln dlrs
+on sale of ophthalmic business and loss 17.9 mln dlrs posttax
+from repurchase of debt.
+    Prior year net includes 120,000 dlr loss from discontinued
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11351" NEWID="6438">
+<DATE>18-MAR-1987 08:59:49.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7736&#31;reute
+u f BC-COOPERVISION-&lt;EYE>-DE   03-18 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPERVISION &lt;EYE> DELAYS ANNUAL MEETING</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 18 - </DATELINE><BODY>CooperVision Inc said it has
+delayed its annual meeting to June 22 from May 14 to allow its
+board to review possible recapitalization options before the
+meeting.
+    CooperVision today reported first quarter net income of
+64.6 mln dlrs, after a 175.2 mln dlr pretax gain from the sale
+of its ophthalmic business to Johnson and Johnson &lt;JNJ> for 260
+mln dlrs in cash and a 17.9 mln dlr posttax charge from a debt
+repurchase.  Sales were 94.4 mln dlrs.  A year earlier it
+earned 7,300,000 dlrs after a 120,000 dlr loss from
+discontinued operations, on sales of 85.4 mln dlrs.
+    The company said an aggressive program of investment
+spending to maintain or increase market shares its its two core
+businesses will accelerate sales growth this year but hold back
+increases in operating income in the near future.
+    CooperVision said "Furthermore, until the entire net cash
+proceeds from the recent sales of several of our businesses are
+employed to reduce indebtedness, make strategic acquisitions
+and/or are otherwise employed in relation to a possible
+recapitalization of the company, recovery of net income will be
+held back by the loss, particularly of the tax income, of the
+(ophthalmic) pharmaceutical business sold to Johnson and
+Johnson."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11352" NEWID="6439">
+<DATE>18-MAR-1987 09:00:09.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7738&#31;reute
+u f BC-JEFFERIES-IS-MAKING-M   03-18 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES IS MAKING MARKET IN GENCORP &lt;GY></TITLE>
+<DATELINE>    LOS ANGELES, March 18 - </DATELINE><BODY>Jefferies and Co Inc said it is
+making a market in Gencorp at 100 bid and 115 offerred.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11353" NEWID="6440">
+<DATE>18-MAR-1987 09:01:03.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7740&#31;reute
+f f BC-******great-atlantic   03-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GREAT ATLANTIC AND PACIFIC TEA CO 4TH QTR OPER SHR 55 CTS VS 36 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11354" NEWID="6441">
+<DATE>18-MAR-1987 09:01:42.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7742&#31;reute
+u f BC-MOBEX-SAYS-ABOUT-87-P   03-18 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBEX SAYS ABOUT 87 PCT OF GRANT &lt;GTX> TENDERED</TITLE>
+<DATELINE>    ANAHEIM, Calif., March 18 - </DATELINE><BODY>Mobex Corp said 2,088,461 Grant
+Industries Inc common shares, about 87 pct of the 2.4 mln
+outstanding, have been tendered in response to Mobex's offer.
+    The company said its offer of 7.75 dlrs a share for the
+stock has been extended to 2000 EST March 23 from 2400 March 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11355" NEWID="6442">
+<DATE>18-MAR-1987 09:02:14.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7745&#31;reute
+u f BC-HARCOURT-BRACE-&lt;HBJ>   03-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARCOURT BRACE &lt;HBJ> SETS HARPER &lt;HPR> DEADLINE</TITLE>
+<DATELINE>    ORLANDO, Fla., March 18 - </DATELINE><BODY>Harcourt Brace Jovanovich Inc
+said it has told Harper and Row Publishers Inc representatives
+that it intends to withdraw its proposal to acquire Harper and
+Row for 50 dlrs per share in cash if the parties have not made
+satisfactory progress in discussions by the close of business
+on March 30.
+    Harcourt Brace said, "We do not wish to put undue pressure
+on Harper and Row, but we also, in fairness to our own
+shareholders, cannot allow an offer of such magnitude to lie on
+the table too long."
+    Harcourt said three of its senior officers and its
+investment bankers met yesterday with investment bankers for
+Harper and Row to discuss the Harcourt Brace offer.
+    Harcourt Brace said it will only pursue the acquisition if
+a mutually-satisfactory merger agreement can be negotiated.
+    Last week, a group formed by Theodore Cross offered to
+acquire Harper and Row for 34 dlrs per share.  The group held
+about six pct of Harper and Row.
+    In addition, New World Pictures Ltd &lt;NWP>, holder of 4.5
+pct of Harper and Row, had offered to discuss a merger with
+Harper and Row.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11356" NEWID="6443">
+<DATE>18-MAR-1987 09:05:17.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7753&#31;reute
+f f BC-******DIXONS-GROUP-SA   03-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DIXONS GROUP SAID IT ACCEPTS 54 PCT OF CYCLOPS SHARES IN TENDER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11357" NEWID="6444">
+<DATE>18-MAR-1987 09:05:30.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uae</D><D>czechoslovakia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f7754&#31;reute
+r f BC-CZECHOSLOVAKIAN-MILK   03-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CZECHOSLOVAKIAN MILK POWDER BANNED BY UAE</TITLE>
+<DATELINE>    ABU DHABI, March 18 - </DATELINE><BODY>The United Arab Emirates, UAE, has
+banned a Czechoslovakian milk powder because checks showed
+unacceptable radiation levels, government officials said.
+    They said stocks of the powdered milk are being withdrawn
+from the market following checks on food imported from Europe
+since last year's Chernobyl nuclear accident in the Soviet
+Union.
+    The UAE three weeks ago banned two brands of Austrian
+powdered milk for the same reasons.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11358" NEWID="6445">
+<DATE>18-MAR-1987 09:05:48.33</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7755&#31;reute
+b f BC-BANKERS-TRUST-ISSUING   03-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST ISSUING STG/DLR CURRENCY WARRANTS</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Bankers Trust International Ltd said it
+is issuing 200,000 stg call/dlr put currency warrants at an
+initial offer price of 31.25 dlrs per warrant.
+    The issue is guaranteed by Bankers Trust New York Corp.
+    Each warrant entitles the holder to exchange 500 dlrs for
+stg at a rate of 1.60 stg/dlr and the minimum number of
+warrants exercisable or tradeable is 100.
+    Exercise period for the warrants will run from April 22,
+1987 until March 17, 1989. Payment is due April 15, 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11359" NEWID="6446">
+<DATE>18-MAR-1987 09:13:44.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7774&#31;reute
+b f BC-BUNDESBANK-WILL-NOT-H   03-18 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK WILL NOT HOLD PRESS CONFERENCE TOMORROW</TITLE>
+<DATELINE>    FRANKFURT, March 18 - </DATELINE><BODY>The Bundesbank will not hold a press
+conference after its regular fortnightly council meeting
+tomorrow, a spokeswoman said in answer to enquiries.
+    Bundesbank President Karl Otto Poehl will chair the
+meeting.
+    The next meeting is scheduled for April 2.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11360" NEWID="6447">
+<DATE>18-MAR-1987 09:15:29.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7782&#31;reute
+b f BC-/GREAT-ATLANTIC-AND-P   03-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT ATLANTIC AND PACIFIC TEA CO &lt;GAP> 4TH QTR</TITLE>
+<DATELINE>    MONTVALE, N.J., March 18 -
+    </DATELINE><BODY>Oper shr 55 cts vs 36 cts
+    Oper net 20.7 mln vs 13.6 mln
+    Sales 2.34 billion vs 1.58 billion
+    Avg shrs 38.1 mln vs 37.7 mln
+    Year
+    Oper shr 1.82 dlrs vs 1.48 dlrs
+    Oper net 69.0 mln vs 56.1 mln
+    Sales 7.83 billion vs 6.62 billion
+    Avg shrs 38.0 mln vs 37.8 mln
+    NOTES: Results for 13 and 53 week periods ended Feb 28,
+1987, and 12 and 52 week periods ended Feb 22, 1986
+    Operating net excludes credits from tax loss carryforwards
+of none vs 5.3 mln dlrs, or 14 cts a share in quarter and 26.0
+mln dlrs, or 68 cts a share, vs 32.2 mln dlrs, or 85 cts a
+share, in year
+    Company had 1,200 stores inoperation at year end vs 1,045 a
+year earlier
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11361" NEWID="6448">
+<DATE>18-MAR-1987 09:17:31.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7795&#31;reute
+u f BC-FRENCH-FINANCE-GROUP   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FINANCE GROUP SDR ISSUES DOMESTIC BOND</TITLE>
+<DATELINE>    PARIS, March 18 - </DATELINE><BODY>French regional financing group &lt;Societes
+de Developpement Regional> is issuing a 1.41 billion franc
+domestic bond, Banque Nationale de Paris and &lt;Banque Indosuez>
+said.
+    The issue will be in three tranches with BNP being the
+book-keeper for a 770 mln franc, 15-year, 9.10 pct fixed rate
+tranche issued at par. Redemption will be in seven equal
+tranches after the eighth year and payment date is April 6.
+    The banks said Indosuez will be the book-keeper for two
+non-syndicated variable-rate, eight years and 20 day tranches
+of 320 mln francs, each issued at par.
+    Interest will be based on the annual money market rate
+(TAM) with a TAM reference rate of 8.10 pct and with a margin
+of minus 0.10 pct. It will be payable on April 26 every year
+from 1988 and onwards.
+    Redemption is to be in six equal tranches after two years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11362" NEWID="6449">
+<DATE>18-MAR-1987 09:19:48.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7803&#31;reute
+f f BC-******GROUP-TENDERING   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GROUP TENDERING FOR GENCORP SAYS IT HOLDS ABOUT 9.8 PCT OF GENCORP COMMON
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11363" NEWID="6450">
+<DATE>18-MAR-1987 09:20:09.80</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>netherlands</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f7804&#31;reute
+d f BC-ROTTERDAM-SIGNS-COOPE   03-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTTERDAM SIGNS COOPERATION AGREEMENT WITH TOKYO</TITLE>
+<DATELINE>    ROTTERDAM, March 18 - </DATELINE><BODY>The city of Rotterdam today signed an
+agreement in principle to cooperate with the AOMI Cargo
+Distribution Centre in Tokyo.
+    Acting Mayor Roel den Dunnen said that cooperation between
+private and public entities in the Tokyo and Rotterdam area,
+and a fruitful exchange of information have a favourable
+influence on the flow of goods and services between the two
+countries.
+    The AOMI Cargo Distribution Center, which will start
+operating in October this year, signed a similar agreement with
+Rotterdam's twinned-port of Seattle last September.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11364" NEWID="6451">
+<DATE>18-MAR-1987 09:28:08.58</DATE>
+<TOPICS><D>zinc</D><D>lead</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f7822&#31;reute
+d f BC-DAVY-CORP-SUBSIDIARY   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAVY CORP UNIT WINS INDIA SMELTER CONTRACT</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Davy McKee Ltd, a subsidiary of U.K.
+Engineering and contruction company Davy Corp Plc, has been
+awarded a contract worth around 15 mln stg for the design of a
+zinc and lead smelter in India, a spokesman for the company
+said.
+    The contract is being funded by Britain's Overseas
+Development Administration as part of a total grant of 73.65
+mln stg to India's state-owned Hindustan Zinc Ltd.
+    The grant is for the development of a major zinc and lead
+mine and associated smelting complex in Rajastan, North West
+India, the agency said.
+    The agency said the project was expected to account for 44
+pct of India's total production of zinc.
+    A total 55 mln stg of the grant is allocated for the supply
+of goods and services from Britain. The grant comes as part of
+package announced on March 13 for Indian mineral development.
+    The agency is also paying a further 31 mln stg to India's
+coal sector, for the expansion of its indigenous coal
+development programme, using British-designed longwall
+technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11365" NEWID="6452">
+<DATE>18-MAR-1987 09:29:46.93</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7825&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 15 MLN STG AFTERNOON HELP</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with a further 15 mln stg assistance. This
+brings the Bank's total help so far today to 344 mln stg and
+compares with the estimated shortage of around 1.3 billion stg.
+    The central bank purchased bank bills outright, at the
+lower dealing rates established this morning, comprising one
+mln stg in band one at 9-7/8 pct and 14 mln stg in band two at
+9-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11366" NEWID="6453">
+<DATE>18-MAR-1987 09:31:00.21</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7826&#31;reute
+u f BC-WEST-GERMAN-BANKS-SLO   03-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN BANKS SLOWLY CUTTING KEY SAVINGS RATES</TITLE>
+<DATELINE>    FRANKFURT, March 18 - </DATELINE><BODY>West German commercial banks are
+cautiously cutting key savings and lending rates, banking
+sources said. The cuts follow nearly two months after the
+Bundesbank reduced leading interest rates, far longer than the
+usual interim period.
+    A Deutsche Bank AG &lt;DBKG.F> spokesman said it is cutting
+leading savings rate for private customers on a regional basis
+by 0.5 percentage points to two pct. Dresdner Bank AG &lt;DRSD.F>
+and Commerzbank AG &lt;CBKG.F> have initiated similar moves. Bank
+fuer Gemeinwirtschaft AG &lt;BKFG.F> cut rates 0.5 pct generally.
+    The delay was partly due to commercial banks' desire to
+gauge customer reaction to a similar move by regional savings
+banks.
+    A fall in customer savings because of lower rates could
+reduce cheap refinancing available to banks, forcing them to
+draw down relatively expensive funds from other sources, one
+economist at the German Banking Association said.
+    But the volume of savings funds may not be substantially
+undercut by lower savings rates because many customers are
+parking funds in savings accounts in the hope they can reinvest
+them at higher yields in the future, he said.
+    He said this may conflict with Bundesbank aims to move more
+funds from relatively short-term deposits to longer-dated
+securities to reduce strong growth in its central bank money
+supply aggregate.
+    The aggregate showed annualized growth of a provisional 7.5
+pct in February against the fourth quarter of last year,
+unchanged from January. The growth rate was outside the
+expanded target range of three to six pct.
+    Few banks have so far reduced lending rates to private
+customers, though lending rates for corporate customers are
+beginning to decline.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11367" NEWID="6454">
+<DATE>18-MAR-1987 09:32:15.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7833&#31;reute
+u f BC-TOYS-"R"-US-INC-&lt;TOY>   03-18 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYS "R" US INC &lt;TOY> 4TH QTR FEB ONE NET</TITLE>
+<DATELINE>    ROCHELLE PARK, N.J., March 18 -
+    </DATELINE><BODY>Shr 89 cts vs 68 cts
+    Net 116.0 mln vs 88.1 mln
+    Revs 1.17 billion vs 924.0 mln
+    12 mths
+    Shr 1.17 dlrs vs 93 cts
+    Net 152.2 mln vs 119.8 mln
+    Revs 2.44 billion vs 1.97 billion
+    NOTE: net 1986 were restated to reflect three-for-two stock
+split on June 27, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11368" NEWID="6455">
+<DATE>18-MAR-1987 09:33:41.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7842&#31;reute
+u f BC-MEASUREX-CORP-&lt;MX>-1S   03-18 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEASUREX CORP &lt;MX> 1ST QTR NET</TITLE>
+<DATELINE>    CUPERTINO, Calif., March 18 -
+    </DATELINE><BODY>Shr 34 cts vs 27 cts
+    Qtrly div six cts vs 4.5 cts prior
+    Net 6,448,000 vs 4,969,000
+    Revs 51.1 mln vs 44.7 mln
+    Avg shrs 19.1 mln vs 18.7 mln
+    NOTE: pay for dividend was March 11 to shareholders of
+record on Feb 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11369" NEWID="6456">
+<DATE>18-MAR-1987 09:34:40.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7844&#31;reute
+u f BC-PALMER-LEWIS-CO-INC-&lt;   03-18 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PALMER LEWIS CO INC &lt;LWIS> 4TH QTR NET</TITLE>
+<DATELINE>    AUBURN, Wash., March 18 - </DATELINE><BODY>Qtr ends Jan 31
+    Shr three cts vs one cent
+    Qtrly div seven cts vs seven cts prior
+    Net 106,185 vs 28,871
+    Revs 46.9 mln vs 30.3 mln
+    12 mths
+    Shr 33 cts vs 23 cts
+    Net 1,306,595 vs 878,484
+    Revs 187.2 mln vs 140.8 mln
+    NOTE: effective July One, 1986, the company acquired the
+outstanding stock of Western American Forest Product Inc for
+cash and convertible debentures. the acqustion is accounted for
+as a purchase and consolidated statements include Western's
+results of operations from July One, 1986.
+    payout for dividend is may six to stockholders of record on
+April 13.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11370" NEWID="6457">
+<DATE>18-MAR-1987 09:36:32.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7854&#31;reute
+d f BC-CAPITAL-CITIES/ABC-&lt;C   03-18 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPITAL CITIES/ABC &lt;CCB> SETS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 18 -
+    </DATELINE><BODY>Qtrly div five cts vs five cts
+    Pay April 20
+    Record March 30
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11371" NEWID="6458">
+<DATE>18-MAR-1987 09:36:38.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7855&#31;reute
+d f BC-PUBLICKER-INDUSTRIES   03-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLICKER INDUSTRIES INC &lt;PUL> 4TH QTR LOSS</TITLE>
+<DATELINE>    GREENWICH, Conn., March 18 -
+    </DATELINE><BODY>Shr loss five cts vs loss 15 cts
+    Net loss 619,000 vs loss 1,730,000
+    Sales 3,138,000 vs 5,667,000
+    Avg shrs 12.5 mln vs 11.5 mln
+    Year
+    Shr loss four cts vs loss 40 cts
+    Net loss 343,000 vs loss 3,963,000
+    Sales 13.4 mln vs 35.3 mln
+    Avg shrs 12.5 mln vs 10.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11372" NEWID="6459">
+<DATE>18-MAR-1987 09:37:45.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7861&#31;reute
+f f BC-******FEDERAL-EXPRESS   03-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FEDERAL EXPRESS CORP 3RD QTR OPER SHR 69 CTS VS 83 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11373" NEWID="6460">
+<DATE>18-MAR-1987 09:38:04.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7864&#31;reute
+u f BC-BELL-ATLANTIC-CORP-&lt;B   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL ATLANTIC CORP &lt;BEL> INCREASES PAYOUT</TITLE>
+<DATELINE>    PHILADELPHIA, March 18 -
+    </DATELINE><BODY>Qtrly div 96 cts vs 90 cts
+    Pay May One, 1987
+    Record March 31, 1987
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11374" NEWID="6461">
+<DATE>18-MAR-1987 09:38:45.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7867&#31;reute
+u f BC-RHODES-&lt;RHDS>-SEES-SH   03-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RHODES &lt;RHDS> SEES SHARPLY LOWER 4TH QTR NET</TITLE>
+<DATELINE>    ATLANTA, March 18 - </DATELINE><BODY>Rhodes Inc said it now estimates fourth
+quarter, ended February 28, earnings were eight cts a share,
+down from the 25 cts earned in the final quarter of fiscal
+1986.
+    The company said the major causes for the reduction were an
+unfavorable LIFO adjustment and softer than projected sales in
+the quarter, due primarily to unfavorable weather.
+    Despite the 4th qtr results, Rhodes said, "net income for
+the year just ended should come close to the record level of
+the previous year" -- 1.61 dlrs dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11375" NEWID="6462">
+<DATE>18-MAR-1987 09:39:04.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7868&#31;reute
+d f BC-VOLVO-UNIT-RECEIVES-G   03-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLVO UNIT RECEIVES GENERAL ELECTRIC ORDER</TITLE>
+<DATELINE>    STOCKHOLM, March 18 - </DATELINE><BODY>Sweden's AB Volvo &lt;VOLV.ST> said its
+subsidiary Volvo Flygmotor had won a contract worth 330 mln
+crowns over four years from General Electric Co &lt;GE.N> to
+supply flight engine components.
+    Volvo said it received the order after General Electric had
+won a contract for 40 CF-80C aircraft engines from American
+Airlines. The CF-80C is a joint venture between Volvo Flygmotor
+and General Electric, the Swedish firm said.
+    The contract runs from next year until 1992, Volvo added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11376" NEWID="6463">
+<DATE>18-MAR-1987 09:39:59.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7869&#31;reute
+b f BC-GENCORP-&lt;GY>-GROUP-HO   03-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> GROUP HOLDS 9.8 PCT STAKE</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>(General Partners), a Texas general
+partnership equally owned by affiliates of Wagner and Brown and
+AFG Industries Inc &lt;AFG>, said it currently holds 2,180,608
+common shares, or about 9.8 pct, of Gencorp Inc's &lt;GY>
+outstanding common stock.
+    General Partners said it began a 100 dlrs a share cash
+tender offer for all of Gencorp, an Akron, Ohio-based concern,
+that is worth nearly 2.3 billion dlrs.
+    Gencorp, which has interests in tire- and plastic-making,
+aerospace and broadcasting, has about 22.3 mln shares
+outstanding.
+    The General Partners offer is subject to receipt of
+financing, a majority of Gencorp shares and other conditions.
+    In a letter to Gencorp chairman and chief executive A.
+William Reynolds describing the offer, General Partners said it
+was willing to negotiate terms of the offer and was prepared to
+meet as soon as possible.
+    In a statement, General Partners said it has contributed
+250 mln dlrs in equity financing and also has commitments for 
+a one billion dlr credit line from Wells Fargo and Co &lt;WFC> and
+a 1.25 billion loan from Shearson Lehman Brothers Holdings Inc,
+a unit of American Express Co &lt;AXP>.
+    A Gencorp spokesman said the company's management was
+meeting but that its board was not scheduled to meet today. He
+said he was not sure the company had formally received notice
+of the offer but was aware of it through press accounts.
+    He declined to say what Gencorp's next move might be or
+whether it would issue a statement later today.
+    In the letter, General Partners said it plans to maintain
+Gencorp's corporate headquarters in Akron, and retain the
+company's plastics and industrial products businesses and its
+tires and related products segment.
+    The letter did not mention Gencorp's RKO General
+broadcasting subsidiary, which has been involved in disputes
+over license renewals at several of its television stations.
+Gencorp has agreed to sell two of its independent stations, WOR
+in the New York area and KHJ in Los Angeles.
+    General Partners officials were not immediately available.
+    Gencorp shares were delayed at the opening on the New York
+Stock Exchange because of an imbalance of orders, and the NYSE
+said the shares were indicated to open at 103 to 115. The
+shares closed up two yesterday at 90-1/2, a new 52-week high.
+    The financing for the offer includes the 250 mln dlrs in
+equity from General Partners, the 1.25 billion dlr loan from
+Shearson Lehman Brothers, a senior subordinated bridge loan for
+which a binding agreement can be delivered within 24 hours
+after a request from the partnership, and the one billion dlr
+credit line from Wells Fargo.
+    Wells Fargo has agreed to lend up to 250 mln dlrs of the
+line itself and form a syndicate of banks to provide the rest,
+the partnership said.
+    Shearson Lehman Brothers Inc will act as dealer manager in
+the tender offer, it said.
+    In the letter, the partnership said it was confident it
+could obtain the financing and close the transaction promptly.
+    Last fall AFG and privately held Wagner and Brown offered
+to acquired (Lear Siegler Inc) for about 1.44 billion dlrs but
+withdrew the offer when higher bids emerged. Lear Siegler
+eventually went private for about 1.66 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11377" NEWID="6464">
+<DATE>18-MAR-1987 09:45:14.18</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7876&#31;reute
+r f BC-THAI-TRADE-DEFICIT-WI   03-18 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI TRADE DEFICIT WIDENS IN FEBRUARY</TITLE>
+<DATELINE>    BANGKOK, March 18 - </DATELINE><BODY>Thailand's trade deficit widened to an
+estimated 4.7 billion baht in February from 2.1 billion in
+January and 2.8 billion a year ago, the Bank of Thailand said.
+    Exports fell to around 18.9 billion baht from 20.4 billion
+in January compared with 17.4 billion a year ago, the bank
+said.
+    Imports rose to 23.6 billion baht from 22.5 billion in
+January. They were 20.2 billion in February 1986.
+    The bank said the trade deficit for the two months widened
+to an estimated 6.8 billion baht from 5.2 billion a year ago.
+    February's current account showed a 1.2 billion baht
+deficit compared with 1.7 billion in January and 263 mln a year
+ago.
+    The current account for the two months posted an estimated
+500 mln baht surplus, down from 1.2 billion a year ago.
+    A surplus in the country's balance of payments narrowed to
+3.2 billion baht in February from 4.6 billion the previous
+month but was higher than 1.5 billion a year ago.
+    The bank said the balance of payments surplus for the first
+two months of 1987 widened to 7.8 billion baht from 4.6 billion
+from the same period in 1986, while the net capital inflow rose
+to five billion baht from 3.1 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11378" NEWID="6465">
+<DATE>18-MAR-1987 09:48:51.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7892&#31;reute
+u f BC-A-AND-P-&lt;GAP>-SETS-HI   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A AND P &lt;GAP> SETS HIGHER CAPITAL SPENDING</TITLE>
+<DATELINE>    MONTVALE, N.J., March 18 - </DATELINE><BODY>The Great Atlantic and Pacific
+Tea Co said its three-year 345 mln dlr capital program will be
+be substantially increased to accommodate growth and expansion
+plans for Waldbaum Inc and Shopwell Inc over the next two
+years.
+    A and P said the acquisition of Shopwell in August 1986 and
+Waldbaum in December "helped us achieve better than expected
+results in the fourth quarter" ended February 28. Its net
+income from continuing operations jumped 52.6 pct to 20.7 mln
+dlrs, or 55 cts a share, in the latest quarter as sales
+increased 48.3 pct to 1.58 billion dlrs.
+    A and P gave no details on the expanded capital program,
+but it did say it completed the first year of the program
+during 1986.
+    A and P is 52.4 pct owned by &lt;Tengelmann
+Warenhandelsgesellschaft> of West Germany.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11379" NEWID="6466">
+<DATE>18-MAR-1987 09:49:43.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7898&#31;reute
+u f BC-FEDERAL-EXPRESS-CORP   03-18 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL EXPRESS CORP &lt;FDX> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 18 -
+    </DATELINE><BODY>Oper shr 69 cts vs 83 cts
+    Oper net 35.9 mln vs 42.4 mln
+    Revs 798.9 mln vs 659.2 mln
+    Avg shrs 52.0 mln vs 50.9 mln
+    Nine mths
+    Oper shr 2.38 dlrs vs 2.75 dlrs
+    Oper net 123.3 mln vs 135.6 mln
+    Revs 2.31 billion vs 1.86 billion
+    Avg shrs 51.8 mln vs 49.3 mln
+    NOTE: Net excludes losses from discontinued operations of
+nil vs 16.1 mln dlrs in quarter and 227.5 mln dlrs vs 42.7 mln
+dlrs in nine mths.
+    Quarter net includes gains from sale of aircraft of two mln
+dlrs vs 6,200,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11380" NEWID="6467">
+<DATE>18-MAR-1987 09:50:10.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7903&#31;reute
+r f BC-FEDERAL-EXPRESS-&lt;FDX>   03-18 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL EXPRESS &lt;FDX> FEBRUARY VOLUME RISES</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 18 - </DATELINE><BODY>Federal Express Corp said
+February package and document volume was 14.7 mln, up 26.0 pct
+from 11.6 mln a year earlier.
+    The company said year-to-date volume was 128.9 mln, up from
+100.2 mln a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11381" NEWID="6468">
+<DATE>18-MAR-1987 09:53:43.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7910&#31;reute
+b f BC-AUSTRIA-ISSUES-50-MLN   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRIA ISSUES 50 MLN AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Austria is issuing a 50 mln Australian
+dlr eurobond due April 22, 1992 with a 14-1/4 pct coupon and
+priced at 101-3/4 pct, lead manager Credit Suisse First Boston
+Ltd said.
+    The non-callable bonds will be listed in Luxembourg and
+will be issued in denominations of 1,000 and 10,000 dlrs.  Pay
+date is April 22. Total fees of two pct comprise 1/4 pct for
+management, 3/8 pct for underwriting and 1-3/8 pct for selling.
+    Co-leads are ANZ Merchant Bank, Banque Nationale de Paris,
+Hambros Bank Ltd and S.G. Warburg and Co Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11382" NEWID="6469">
+<DATE>18-MAR-1987 09:54:41.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7913&#31;reute
+b f BC-MIDLAND-BANK-UNIT-ISS   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDLAND BANK UNIT ISSUES 900 MLN FRENCH FRANC FRN</TITLE>
+<DATELINE>    PARIS, March 18 - </DATELINE><BODY>Midland Bank International Financial
+Services is issuing a 900 mln franc floating rate note due
+April 15, 1997 at par, lead manager Societe Generale said.
+    The deal, guaranteed by Midland Bank Plc, will pay interest
+based on rates of French 13-week Treasury bills plus 55 basis
+points in the first five years and plus 65 points for the rest.
+    There is a short first coupon of 8.25 pct payable June 15.
+The note is accompanied by 90,000 warrants priced at 220 francs
+exercisable for five years into an 8.25 pct 10-year
+non-callable bond.
+    The note is callable at any payment date after the first
+year. Denominations are of 10,000 and 100,000 francs. Co-leads
+are Midland Bank SA and Samuel Montagu.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11383" NEWID="6470">
+<DATE>18-MAR-1987 09:54:57.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f7914&#31;reute
+u f PM-CENTAM-AID   03-18 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BYRD SAYS CONTRA AID CRITICS WILL LOSE VOTE</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Senate Democratic leader Robert Byrd
+said he and other critics of Nicaragua rebel military aid will
+lose this afternoon an attempt to block 40 mln dlrs in funds to
+the contras.
+    "We're going to lose today," the West Virginia Democrat told
+reporters.
+    The Senate votes at 1600 est/2100 gmt on giving the U.S.
+backed rebels, also called contras, the last installment of a
+40 mln dlr military aid package Congress voted last year.
+    However, Byrd also said that he would continue to try to
+bring up for Senate action later this week a House-passed,
+six-month moratorium against further Nicaragua assistance until
+President Reagan accounts for missing funds previously voted by
+Congress and from the secret arms sales to Iran.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11384" NEWID="6471">
+<DATE>18-MAR-1987 09:55:53.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7919&#31;reute
+u f BC-MORGAN-GRENFELL-SAYS   03-18 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN GRENFELL SAYS 1986 PROFITS HIT BY GUINNESS</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>&lt;Morgan Grenfell Group Plc> said its
+1986 pre-tax profits were lower than forecast because of
+depreciation in the value of its Guinness Plc &lt;GUIN.L> shares
+and because of securities trading losses in the U.S.
+    Morgan chairman Lord Catto said the losses on the group's
+seven mln Guinness shares in addition to a 3.5 mln dlr loss on
+its risk arbitrage operation in New York depressed profits some
+eight mln stg to 82.2 mln.
+    He also told a news conference Morgan had received informal
+approaches about a takeover of the group but was not
+interested. No formal offers had been made, but Catto would not
+elaborate.
+    Morgan Grenfell acted as merchant banker to Guinness during
+the brewing company's successful bid for Distillers Co Plc
+&lt;DIST.L> in the first half of last year.
+    The U.K. Government launched an investigation into the
+affairs of Guinness last December. Public concern has focused
+on the way Guinness may have breached U.K. Company law and the
+Takeover Code by prompting others to support its share price
+during the bid.
+    Morgan chief executive Christopher Reeves, head of
+corporate finance Graham Walsh and senior corporate finance
+director Roger Seelig all resigned in January over the Guinness
+affair.
+    Another senior Morgan Grenfell executive, Geoffrey Collier,
+resigned late last year on allegations of trading on insider
+information. He currently faces criminal charges.
+    Lord Catto said the second half of 1986 had been "one of the
+most traumatic in our history," but that clients and staff had
+been supportive.
+    "I certainly look on the future in a positive way. We have
+the worst behind us and have swept nothing under the carpet."
+    Profits for the year, up 19.4 pct from 1985 pre-tax profits
+of 68.8 mln stg, were mainly due to a high contribution from
+corporate finance activities and progress in asset management.
+    Finance Director David Ewart told the news conference the
+performance of the group so far in 1987 was "within reasonable
+touch of the budget."
+    Lord Catto also said the group was actively seeking a new
+chief executive to replace Sir Peter Carey, who is acting as
+interim director after Reeves' resignation, and hopes to have a
+new chief executive within a few months.
+    He also said Reeves and Walsh had been paid a total of
+562,000 stg in compensation following their resignations, but
+declined to say how much each man got. Negotiations were going
+on to determine an amount of compensation for Seelig, he said.
+    Morgan Grenfell shares stood at a late 366p, 9p down on
+yesterday's 375p.
+ REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11385" NEWID="6472">
+<DATE>18-MAR-1987 09:57:06.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f7924&#31;reute
+h f BC-ENVOY-SEES-BRIGHT-ECO   03-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVOY SEES BRIGHT ECONOMIC FUTURE FOR PHILIPPINES</TITLE>
+<AUTHOR>    By PHILLIP MELCHIOR, REUTERS</AUTHOR>
+<DATELINE>    MANILA, March 18 - </DATELINE><BODY>The Philippines is poised for several
+years of stability and economic growth but faces major
+long-term problems from its rapidly increasing population, U.S.
+Ambassador Stephen Bosworth told Reuters in an interview.
+    "Medium-term out to the 1990s I am increasingly optimistic
+about this country," he said. "But if you look beyond that... You
+are jumping off the edge into the unknown."
+    Bosworth, who retires on April 2 after almost four years as
+U.S. Ambassador, forecast a real per capita increase in
+disposable income of more than four pct in 1987.
+    The Philippines has not seen such an increase this decade.
+    He said there were reasons to believe the Philippines could
+out-perform the world economy by enough to continue to generate
+increases in per capita income in the medium term.
+    "There is nothing big and dramatic yet and maybe big and
+dramatic won't ever happen. But I think foreign investors are
+now no longer saying let's wait and see how the political side
+turns out," he said.
+    Bosworth said much hope had been placed on the land reform
+program promised by President Corazon Aquino, but he warned it
+was not a complete cure for the country's ills.
+    He said even the redistribution of land to tenant farmers
+would not be a substitute for the generation of new employment
+in the countryside."There is no way even in 1987 that this
+country can provide employment growth in farming. Certainly it
+is not going to be able to do so in the future," he added.
+    "This has to be off-farm employment," he declared.
+    Bosworth said the population problem produced major
+uncertainties for the future of the country. He said that more
+than 60 pct of today's 50 mln people are said to live below the
+poverty line and official predictions suggest the population
+will double within the next three decades.
+    The ambassador said he believed population statistics to be
+understated.
+    Bosworth said he expected current high domestic liquidity
+to be drawn down during the next six months with some
+corresponding upward pressure on interest rates, now at about
+nine pct.
+    He said his predictions only assumed the Aquino government
+did not make any big mistakes. They did not assume any great
+transformation of the Philippine system.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11422" NEWID="6473">
+<DATE>18-MAR-1987 09:58:23.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7928&#31;reute
+u f BC-SEC-MOVES-TO-DISCIPLI   03-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC MOVES TO DISCIPLINE ALLEGHENY INT'L &lt;AG></TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Securities and Exchange
+Commission (SEC) staff is seeking authority to take enforcement
+action against Allegheny International Inc, the
+Pittsburgh-based industrial and consumer products firm said.
+    Allegheny made the disclosure in documents filed with the
+SEC in connection with its recent agreement to be taken private
+through a leveraged buyout led by First Boston Inc.
+    "Following announcement of the merger agreement, the company
+was informed by the Enforcement Division of the (SEC) that it
+intends to seek authority from the commission to institute a
+proceeding against the company," Allegheny said.
+    "The company is cooperating in the commission's
+investigation which is continuing and now includes the taking
+of testimony of employes and others," Allegheny said.
+    In the ongoing probe, Allegheny said, the staff has asked
+for information about company executive compensation and
+benefit plans, certain company-owned real estate, travel and
+entertainment spending and the use of corporate aircraft.
+    It also has asked for information on acquisitions and
+divestitures, the company's accounting system "and other
+internal controls," Allegheny said.
+   The probe began in February 1986, Allegheny said.
+    The SEC, as a matter of policy, routinely declines comment
+on its enforcement actions.
+    The SEC investigation began just months before Allegheny
+became the target of a series of shareholder lawsuits claiming
+that the company had violated the federal securities laws by
+failing to disclose material matters in recent annual proxy
+statements.
+    The suits, later consolidated into a single class-action
+complaint before a Pennsylvania federal court, allege
+securities law violations involving numerous current and former
+Allegheny officers and directors.
+    Earlier this month, lawyers for the shareholders asked the
+court to expand the charges to include an allegation that, in
+the buyout, Allegheny had attempted to illegally freeze out its
+public shareholders at an unfair price.
+    Allegheny said it intends to vigorously defend itself
+against all charges.
+    The charges made in the shareholder suits are widely
+believed to have led to last summer's resignation of Chairman
+and Chief Executive Officer Robert Buckley.
+    In the buyout, a group led by First Boston tendered March
+13 for all outstanding Allegheny shares at 24.60 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11386" NEWID="6474">
+<DATE>18-MAR-1987 09:58:47.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7930&#31;reute
+r f BC-UNITED-ASSET-MANAGEME   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED ASSET MANAGEMENT CORP &lt;UAM> UPS PAYOUT</TITLE>
+<DATELINE>    PROVIDENCE, March 18 -
+    </DATELINE><BODY>Qtly div four cts vs three cts prior
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11387" NEWID="6475">
+<DATE>18-MAR-1987 09:58:57.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7931&#31;reute
+r f BC-KINDER-CARE-INC-&lt;KNDR   03-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KINDER-CARE INC &lt;KNDR> FIRST QTR NET</TITLE>
+<DATELINE>    MONTGOMERY, Ala., March 18 - </DATELINE><BODY>Qtr ends dec 31
+    Shr one cent vs 15 cts
+    Net 466,000 vs 6,866,000
+    Revs 123.1 mln vs 93.5 mln
+    NOTE: the company changed its fiscal year end from Aug 31
+to Dec 31. qtr prior ended Jan 17, 1986 and included two more
+weeks than current qtr.
+    current qtr includes loss 899,000 for accounting change.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11388" NEWID="6476">
+<DATE>18-MAR-1987 09:59:07.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7932&#31;reute
+r f BC-ULTRASYSTEMS-INC-&lt;ULS   03-18 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ULTRASYSTEMS INC &lt;ULS> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    NEW YORK, March 18 -
+    </DATELINE><BODY>Shr 26 cts vs 18 ctsd
+    Net 2,102,000 vs 1,415,000
+    Revs 44.1 mln vs 42.2 mln
+    Year
+    Shr 21 cts vs 91 cts
+    Net 1,678,000 vs 7,105,000
+    Revs 155.1 mln vs 149.2 mln
+    Avg shrs 7,960,000 vs 7,808,000
+    NOTE: Latest year net includes writeoff of investment in
+Dawn Enterprises ethanol refinery of 79 cts shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11389" NEWID="6477">
+<DATE>18-MAR-1987 09:59:14.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f7933&#31;reute
+r f BC-canamax-to-acquire   03-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANAMAX TO ACQUIRE KREZMAR GOLD PROPERTY STAKE</TITLE>
+<DATELINE>    TORONTO, March 18 - </DATELINE><BODY>&lt;Canamax Resources Inc> said it agreed
+to acquire the 50 pct interest it does not already own in the
+Krezmar gold property, near Wawa, Ontario, by paying nine mln
+dlrs to &lt;Algoma Steel Corp Ltd> and granting Algoma a four pct
+net smelter return royalty, which is payable after payback.
+    The property's drill indicated reserves to a depth of 1,200
+feet are estimated at over one mln tons averaging 0.25 ounces
+of gold a ton, Canamax said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11390" NEWID="6478">
+<DATE>18-MAR-1987 09:59:20.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7934&#31;reute
+r f BC-NFS-FINANCIAL-&lt;NFSF>   03-18 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NFS FINANCIAL &lt;NFSF> SETS INITIAL DIVIDEND</TITLE>
+<DATELINE>    NASHUA, N.H., March 18 - </DATELINE><BODY>NFS Financial Corp said its board
+declared an initial dividend of five cts per share, payable
+April 21 to holders of record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11391" NEWID="6479">
+<DATE>18-MAR-1987 09:59:33.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7935&#31;reute
+d f BC-PUBLICKER-&lt;PUL>-AUDIT   03-18 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLICKER &lt;PUL> AUDITORS' OPINION UNQUALIFIED</TITLE>
+<DATELINE>    GREENWICH, Conn., March 18 - </DATELINE><BODY>Publicker Industries Inc said
+its 1986 financial statements will receive an unqualified
+opinion by the company's auditors, Authur Andersen and Co.
+    The company said the qualified opinion on its 1985
+financial statements will be changed to an unqualified opinion.
+The 1985 opinion had been qualified due to the uncertainty of
+the ultimate recoverability of the amount at which Publicker's
+United Kingdom beverage division's assets are carried.
+    The company said it has been in the process of
+substantially reducing its inventory of Scotch Whisky and
+currently intends to complete the reduction by the end of 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11392" NEWID="6480">
+<DATE>18-MAR-1987 10:01:54.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7945&#31;reute
+b f BC-NATIONAL-AUSTRALIAN-B   03-18 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL AUSTRALIAN BANK PLANS AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>National Australia Bank Ltd is issuing a
+40 mln Australian dlr eurobond due April 24, 1990 paying 15 pct
+and priced at 101-3/8 pct, lead manager Orion Royal Bank Ltd
+said.
+    The bond, in denominations of 1,000 and 10,000 dlrs, will
+be listed in London.
+    Paydate is April 24 and fees comprise one pct selling
+concession and 1/2 pct management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11427" NEWID="6481">
+<DATE>18-MAR-1987 10:04:30.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7959&#31;reute
+d f BC-VW'S-AUDI-SAYS-PROFIT   03-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW'S AUDI SAYS PROFIT FELL AROUND 50 PCT IN 1986</TITLE>
+<DATELINE>    MUNICH, March 18 - </DATELINE><BODY>Audi AG &lt;NSUG.F>, the 99 pct owned
+subsidiary of Volkswagen AG &lt;VOWG.F>, said profit in 1986 fell
+by around half compared with 1985, when it achieved a record
+221 mln marks net profit, a rise of 19.5 pct on the previous
+year.
+    Managing board chairman Wolfgang Habbel told a news
+conference he expected both profit and turnover to rise this
+year compared with 1986, but he said it was questionable
+whether 1987 profit would return to 1985 levels.
+    He gave no figure for 1986 profit. Audi had predicted last
+year that 1986 profit would likely fall by an unspecified
+amount from 1985's record levels.
+    Habbel said turnover in 1986 rose to 9.9 billion marks from
+9.6 billion in 1985 and looked certain to rise to over 10
+billion this year.
+    Asked whether Audi would pay a dividend to VW to help the
+parent company overcome its currency losses, Habbel said Audi
+would ensure VW got a share of profits.
+    Audi's entire 1985 net profit was paid into its own free
+reserves to help finance investment. In the previous 10 years
+VW had received 80 pct of Audi's earnings as a dividend.
+    Habbel blamed the profit decline on disruptions to output
+caused by the introduction of the new Audi 80 model, on
+currency factors and on negative publicity in the U.S. About
+alleged "sudden acceleration" of some of its Audi 5000 models.
+    As reported, Audi's sales in the U.S. Dropped nearly 20 pct
+to 59,800 last year.
+    Habbel said the U.S. Sales decline would probably bottom
+out in 1987.
+    Audi's worldwide car deliveries fell two pct to 363,000.
+    Of the total, exports fell 10.5 pct to a rounded 210,000,
+but domestic sales increased to a rounded 154,000 from 137,180
+in 1985.
+    Habbel said the new Audi 80 had sold extremely well in the
+first two months of 1987, helping Audi to increase its overall
+market share in West Germany to 8.4 pct from 5.2 pct in the
+same months of 1986. Sales in Europe also rose but U.S. Sales
+fell further, he said without giving details. Worldwide
+deliveries in the first two months increased eight pct to
+57,000.
+    Audi said in January that 1987 car production would rise to
+over 400,000 from 384,000 in 1986, when output had fallen
+compared with 1985's 392,000.
+    Habbel said Audi expected the rise in output to lead to
+further new hiring of employees.
+    At the end of 1986 Audi's workforce stood at a record
+39,800, a rise of 3,400 over 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11393" NEWID="6482">
+<DATE>18-MAR-1987 10:04:45.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7960&#31;reute
+f f BC-******LTV-CORP-GETS-5   03-18 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LTV CORP GETS 500 MLN DLR CONTRACT FROM BOEING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11394" NEWID="6483">
+<DATE>18-MAR-1987 10:05:21.56</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7961&#31;reute
+b f BC-BANK-OF-ENGLAND-LENDS   03-18 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND LENDS ONE BILLION STG AT 10 PCT</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>The Bank of England said it had lent one
+billion stg to the discount market for fourteen days at 10 pct.
+    This brings the Banks total help today to some 1.34 billion
+stg and satisfies the estimated shortage in the system today
+which it had earlier estimated at 1.3 billion stg.
+    The Bank's announcement this morning that it was willing to
+lend two-week money at 10 pct was interpreted by the market as
+a sanction for lower U.K. Base lending rates.
+    The U.K. Clearing banks swiftly took this up, cutting their
+base rates by a half-point to 10 pct. At midday, the central
+bank lowered its money market dealing rates by the same amount.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11395" NEWID="6484">
+<DATE>18-MAR-1987 10:05:24.69</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f7962&#31;reute
+b f BC-UK-INTERVENTION-BD-SA   03-18 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> UK INTERVENTION BD SAYS EC SOLD 60,500 TONNES WHITE SUGAR AT REBATE 44.819 ECUS.       
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11396" NEWID="6485">
+<DATE>18-MAR-1987 10:07:25.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7969&#31;reute
+r f BC-SENSORMATIC-ELECTRONI   03-18 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENSORMATIC ELECTRONICS CORP &lt;SNSR> 3RD QTR NET</TITLE>
+<DATELINE>    DEERFIELD BEACH, Fla., March 18 - </DATELINE><BODY>Feb 28 end
+    Shr profit 11 cts vs loss 37 cts
+    Net profit 3,027,000 vs loss 10.4 mln
+    Revs 22.3 mln vs 19.9 mln
+    Avg shrs 28.6 mln vs 29.0 mln
+    Nine mths
+    Shr profit 34 cts vs loss 22 cts
+    Net profit 9,560,000 vs loss 6,072,000
+    Revs 71.9 mln vs 64.7 mln
+    Avg shrs 28.5 mln vs 27.9 mln
+    NOTE: Prior year net both periods after 15.2 mln dlr
+writeoff.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11397" NEWID="6486">
+<DATE>18-MAR-1987 10:08:04.22</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>france</D><D>denmark</D><D>west-germany</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f7971&#31;reute
+b f BC-U.K.-INTERVENTION-BOA   03-18 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>A total 60,500 tonnes of current series
+white sugar received export rebates of a maximum 44.819
+European Currency Units (Ecus) per 100 kilos at today's
+European Community (EC) tender, the U.K. Intervention Board
+said.
+    Out of this, traders in France received 18,000 tonnes, in
+Denmark 15,000, in West Germany 12,250, in the Netherlands
+12,000 and in Belgium 3,250 tonnes, it added.
+    Earlier today, London traders had expected the subsidy for
+the current season whites campaign for licences to end-Aug to
+be between 44.10 and 44.50 Ecus per 100 kilos.
+    Traders had also forecast today's total authorised sugar
+tonnage export awards to be between 60,000 and 70,000 tonnes
+versus 71,000 last week when the restitution was 43.248 Ecus.
+    Cumulative export authorisations for the current 1986/87
+season now stand at 1,915,270 tonnes (40 weeks).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11398" NEWID="6487">
+<DATE>18-MAR-1987 10:08:11.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7972&#31;reute
+h f BC-AA-GAGE-GETS-SINGER-&lt;   03-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AA GAGE GETS SINGER &lt;SMF> DIVISION SUBCONTRACT</TITLE>
+<DATELINE>    FERNDALE, MICH., March 18 - </DATELINE><BODY>AA Gage, a manufacturer of
+rotary indexers and test systems for the aerospace and machine
+tool industries, said it was awarded an initial subcontract of
+2.2 mln dlrs by Singer Co's Kearfott Guidance and Navigation
+Division.
+    It said the subcontract is to produce computerized two-axis
+test stand systems and other support services for the U.S. Air
+Force Adints (Automatic Depot Inertial Navigation Test Systems)
+program.
+    Depending on Air Force requirements, the subcontract will
+result in AA Gage shipments between 5.0 and 10 mln dlrs over
+five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11399" NEWID="6488">
+<DATE>18-MAR-1987 10:10:06.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7975&#31;reute
+u f BC-ANACOMP-&lt;AAC>-ACQUIRE   03-18 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANACOMP &lt;AAC> ACQUIRES DATAGRAPHIX</TITLE>
+<DATELINE>    INDIANAPOLIS, IND., March 18 - </DATELINE><BODY>Anacomp Inc said it acquired
+the common stock of DatagraphiX Inc from General Dynamics Corp
+&lt;GD> for about 128 mln dlrs.
+    It said the purchase will be financed with a combination of
+a new bank credit agreement and through private placement of
+senior subordinated notes and convertible preferred stock.
+    DatagraphiX, which had 1986 sales of 240.7 mln dlrs,
+manufactures a line of computer output to microfilm hardware
+and supplie.
+    Anacomp's sales for the year ended Sept 30, 1986 were 108.8
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11400" NEWID="6489">
+<DATE>18-MAR-1987 10:12:29.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f7984&#31;reute
+b f BC-CHRISTIANIA-BANK-ISSU   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRISTIANIA BANK ISSUES EUROYEN BOND</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Christiania Bank og Kreditkasse is
+issuing a 15 billion yen eurobond due March 31, 1992 paying
+7-1/2 pct and priced at 101-3/4 pct, lead manager Yamaichi
+International (Europe) Ltd said.
+    The bond is available in denominations of 10 mln yen and
+will be listed in London. Fees comprise 1-1/4 pct selling
+concession and 5/8 pct management and underwriting combined.
+   The redemption rate will be calculated according to a
+complex formula tied to the spot yen/dlr currency rate,
+Yamaichi said.
+    Mitsui Trust International Ltd is co-lead.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11401" NEWID="6490">
+<DATE>18-MAR-1987 10:12:45.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7985&#31;reute
+u f BC-LTV-&lt;QLTV>-GETS-500-M   03-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LTV &lt;QLTV> GETS 500 MLN DLR BOEING &lt;BA> CONTRACT</TITLE>
+<DATELINE>    DALLAS, March 18 - </DATELINE><BODY>LTV Corp said it has received a contract
+worth more than 500 mln dlrs from Boeing Co to produce major
+sections for Boeing 767, 757 and 747 airliners, including the
+new 747-400.
+    The company said the contract covers continuing production
+through mid-1990.  LTV makes aft body sections and horizontal
+and vertical stabilizers for 747 and 757's and horizontal
+stabilizers for 767's.
+    It said as part of the contract it will build a new type of
+horizontal stabilizer for the 747-400 containing tanks capable
+of holding 3,300 gallons of fuel.
+    The added fuel capacity will allow the 747-400 to fly about
+1,000 miles further than the 747-300, LTV said.
+    The company said it will start making the 747-400 shipsets
+in June and the first aircraft is scheduled for completion in
+early 1988.  It is to be delivered to NWA Inc &lt;NWA> in December
+1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11402" NEWID="6491">
+<DATE>18-MAR-1987 10:13:07.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f7987&#31;reute
+b f BC-WINNEBAGO-INDUSTRIES   03-18 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINNEBAGO INDUSTRIES INC &lt;WGO> 2ND QTR NET</TITLE>
+<DATELINE>    FOREST CITY, IOWA, March 18 -
+    </DATELINE><BODY>Period ended February 28
+    Shr 25 cts vs 25 cts
+    Net 6,292,000 vs 6,340,000
+    Sales 97.0 mln vs 87.0 mln
+    Six mths
+    Shr 36 cts vs 28 cts
+    Net 9,122,000 vs 7,053,000
+    Sales 193.2 mln vs 168.6 mln
+    NOTE: 1986 period ended March One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11403" NEWID="6492">
+<DATE>18-MAR-1987 10:13:35.41</DATE>
+<TOPICS><D>l-cattle</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f7989&#31;reute
+u f BC-CATTLE-BEING-PLACED-O   03-18 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATTLE BEING PLACED ON FEED LIGHTER THAN NORMAL</TITLE>
+<AUTHOR>    By Jerry Bieszk, Reuter</AUTHOR>
+<DATELINE>    CHICAGO, March 18 - </DATELINE><BODY>Most of the cattle now being placed on
+U.S. feedlots weigh less than normal and likely will remain on
+feed longer, spreading out marketings and supporting cattle
+prices through the summer because of reduced beef supply.
+    The prospect of so many cattle remaining on feed for a
+longer time blunted the market impact of the high placements
+reported in the USDA's latest cattle on feed report, livestock
+analysts said.
+    After the USDA released its report of cattle on feed in
+seven states as of March 1, cattle futures on the Chicago
+Mercantile Exchange yesterday rose sharply. The trade had
+expected deferred contracts to decline on the USDA report of a
+15 pct rise in cattle placements in February from a year ago.
+    Although the heavy placements were expected, analysts noted
+reports that many cattle put on feed were relatively
+lightweight and said feedlot operators would feed the lighter
+cattle into the autumn, rather than market them during the
+summer as would be the case with the heavier cattle normally
+placed on feed.
+    Although reports of actual cattle weights are difficult to
+obtain, industry sources in the West and Southwest acknowledge
+that lighter cattle are being put on feedlots in their areas.
+    The increase in lighter-weight cattle entering feedlots,
+helps explain the jump in feedlot placements last month from
+February, 1986.
+    University of Missouri Agricultural Economist Glenn Grimes
+said, "The probabilities are high that in order to place that
+many cattle on feed they (feedlot operators) had to go to
+lighter-weight cattle.
+    The only statistics available are from some terminal
+markets which represent only a small percentage of the total
+cattle marketed. But at those markets, steers averaged 708 lbs
+in February compared with 718 lbs last year, Grimes said.
+    Even if marketing of the lighter cattle is not delayed,
+Grimes said, beef supply likely will be reduced.
+    If the average weight is down, and there is no price
+weakness to delay marketings, the cattle would be marketed at
+lighter weights, which could reduce the beef supply as much as
+three pct.
+    Bruce Ginn, cattle analyst for The Helming Group (formerly
+LBAS), said the lighter cattle are being placed on feed mainly
+because of two factors: low grain prices and higher live cattle
+prices.
+    Many farmers like to feed lighter weight cattle and grain
+supplies are large, he noted. Also, the higher live cattle
+prices have been encouraging early movement of cattle from
+wheat pasture onto feedlots, Ginn said.
+    Other analysts also noted that cattle are coming off wheat
+pasture sooner than normal because of poor pasture conditions.
+    Gary Chapmann, a cash livestock trader for Chapmann and
+Graham in Sioux City, Iowa said he believed the general trend
+is to lighter weight placements but pasture conditions in his
+area benefited from a dry, mild winter.
+    To the south, however, he said the weather was wetter and
+some cattle are coming off pasture weighing 75 to 100 lbs less
+than normal after having gained only 75 lbs all winter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11404" NEWID="6493">
+<DATE>18-MAR-1987 10:16:05.59</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f7995&#31;reute
+u f BC-/N.Y.-COCOA-TRADERS-S   03-18 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. COCOA TRADERS STILL CAUTIOUS ON ICCO</TITLE>
+<DATELINE>    New York, March 18 - </DATELINE><BODY>New York cocoa traders reacted with
+caution to today's developments at the International Cocoa
+Organization talks in London, saying there is still time for
+negotiations to break down.
+    "I would be extremely cautious to go either long or short
+at this point," said Jack Ward, president of the cocoa trading
+firm Barretto Peat. "If and when a final position comes out (of
+the ICCO talks) one will still have time to put on positions.
+The risk at the moment is not commensurate with the possible
+gain."
+    ICCO producer and consumer delegates this morning accepted
+the outlines of a compromise proposal on buffer stock rules as
+a basis for further negotiation. A smaller group of
+representatives is now charged with fleshing out the details.
+    "Market sentiment has reflected optimism, I would't put it
+any stronger than that," Ward said.
+    "It seems to put them slightly closer to an agreement...
+but one shouldn't forget how much they have to negotiate," said
+another trader of today's developments.
+    Many dealers were sidelined coming into the negotiations
+and have remained so, traders said.
+    "The dealers have got historically small positions in
+outright terms," one trader said.
+    Speculators have gone net long "but only slightly so," he
+added.
+    The recent price strength -- gains of about 52 dlrs the
+last two days -- has been due in large part to sterling's rally
+against the dollar and in the process has attracted a measure
+of origin selling, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11405" NEWID="6494">
+<DATE>18-MAR-1987 10:19:11.79</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f8005&#31;reute
+u f BC-REAGAN-UPBEAT-ABOUT-L   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN UPBEAT ABOUT LATEST GNP FIGURES</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>President Reagan said the 1.1 pct
+U.S. economic growth rate during the final quarter of 1986
+"wasn't all that bad."
+    The Commerce Department said the rate of growth of the
+Gross National Product in the October-December period was only
+slightly less than a preliminary estimate of 1.3 pct made
+earlier.
+    At the same time, it said inflation, as measured by the GNP
+price deflator, rose by 0.7 pct during the period.
+    Asked his reaction to the GNP report during a White House
+photo session, Reagan replied, "It wasn't all that bad."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11406" NEWID="6495">
+<DATE>18-MAR-1987 10:24:39.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8021&#31;reute
+r f BC-PENWEST-LTD-&lt;PENW>-2N   03-18 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENWEST LTD &lt;PENW> 2ND QTR ENDS FEB 28 NET</TITLE>
+<DATELINE>    BELLEVUE, Wash., March 18 -
+    </DATELINE><BODY>Shr 85 cts vs 24 cts
+    Net 2,381,000 vs 754,000
+    Revs 35.3 mln vs 32.6 mln
+    Avg shrs 2,777,620 vs 3,161,603
+    Six mths
+    Shr 1.35 dlrs vs 44 cts
+    Net 3,756,000 vs 1,388,000
+    Revs 65.8 mln vs 64.3 mln
+    Avg shrs 2,777,620 vs 3,161,603
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11407" NEWID="6496">
+<DATE>18-MAR-1987 10:26:11.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8025&#31;reute
+r f BC-SIERRA-SPRING-WATER-C   03-18 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIERRA SPRING WATER CO &lt;WTR> 4TH QTR LOSS</TITLE>
+<DATELINE>    SACRAMENTO, Calif., March 18 -
+    </DATELINE><BODY>Shr loss 10 cts vs profit six cts
+    Net loss 986,000 vs profit 576,000
+    Rev 9.6 mln vs 9.1 mln
+    Year
+    Shr loss seven cts vs profit 27 cts
+    Net loss 714,000 vs profit 2,299,000
+    Rev 42.8 mln vs 34.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11408" NEWID="6497">
+<DATE>18-MAR-1987 10:26:41.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f8027&#31;reute
+r f BC-GELCO-&lt;GEL>-TO-SELL-C   03-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GELCO &lt;GEL> TO SELL CANADIAN COURIER UNIT</TITLE>
+<DATELINE>    MINNEAPOLIS, March 18 - </DATELINE><BODY>Gelco Corp said it signed a letter
+of intent to sell its Canadian courier unit, Gelco Express Ltd,
+to Air Canada for about 54 mln dlrs (U.S.).
+    It said consummation of the transaction depends on
+execution of a definitive agreement, which is expected in May.
+    As part of its restructuring plan, Gelco had announced that
+it would sell four business units. Gelco Express Ltd was one of
+the companies scheduled for divestiture.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11409" NEWID="6498">
+<DATE>18-MAR-1987 10:26:57.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8029&#31;reute
+r f BC-SYNTHETECH-&lt;NZYM>-END   03-18 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNTHETECH &lt;NZYM> ENDS SOUTHWEST PHOTO TALKS</TITLE>
+<DATELINE>    BOULDER, COLO., March 18 - </DATELINE><BODY>Synthetech Inc said it
+discontinued negotiations on acquiring Southwest Photo chem Inc
+of Pomona, Calif.
+    The company cited "irreconcilable differences" in the
+financial structure of the deal.
+    It said Southwest Photo proposed a significant change in
+terms outlined in the letter of intent signed last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11410" NEWID="6499">
+<DATE>18-MAR-1987 10:27:10.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8031&#31;reute
+r f BC-RANCO-&lt;RNI>-HOLDERS-A   03-18 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RANCO &lt;RNI> HOLDERS APPROVE MERGER</TITLE>
+<DATELINE>    DUBLIN, Ohio, March 18 - </DATELINE><BODY>Ranco Inc said shareholders at a
+special meeting approved a merger into &lt;Siebe PLC> for 40 dlrs
+per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11411" NEWID="6500">
+<DATE>18-MAR-1987 10:27:18.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8032&#31;reute
+r f BC-AMERICAN-PHYSICIANS-S   03-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN PHYSICIANS SERVICE &lt;AMPH> 4TH NET</TITLE>
+<DATELINE>    AUSTIN, Texas, March 18 -
+    </DATELINE><BODY>Shr profit five cts vs profit two cts
+    Net profit 268,000 vs profit 134,000
+    Revs 6,951,000 vs 5,938,000
+    12 mths
+    Shr profit 14 cts vs loss 11 cts
+    Net profit 801,000 vs loss 623,000
+    Revs 24.6 mln vs 24.3 mln
+    NOTE: full name of company is american physicians service
+group inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11412" NEWID="6501">
+<DATE>18-MAR-1987 10:27:25.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8033&#31;reute
+r f BC-M.S.-CARRIERS-&lt;MSCA>   03-18 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>M.S. CARRIERS &lt;MSCA> COMPLETES OFFERING</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 18 - </DATELINE><BODY>M.S. Carriers Inc said it has
+completed an offering of 550,000 common shares, including
+350,000 sold by shareholders, for 32.25 dlrs each.
+    Lead underwriters were Alex. Brown and Sons Inc &lt;ABSB> and
+Morgan Keegan Inc &lt;MOR>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11413" NEWID="6502">
+<DATE>18-MAR-1987 10:27:33.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f8034&#31;reute
+r f BC-air-canada-to-comment   03-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR CANADA TO COMMENT ON GELCO&lt;GEC> UNIT REPORT</TITLE>
+<DATELINE>    TORONTO, March 18 - </DATELINE><BODY>State-owned Air Canada said it will
+make a statement at 1100 EST concerning a published report that
+the airline has agreed to acquire Gelco Corp's Canadian unit,
+Gelco Express Ltd, an Air Canada spokesman said.
+    The spokesman declined to comment on the Toronto Globe and
+Mail report when queried.
+    The sale of Gelco Express, Canada's second largest courier
+service, is part of the parent company's strategy to repay 350
+mln U.S. dlrs of debt by the end of 1987, the report said,
+quoting a Gelco spokesman. The report did not disclose a price
+for the sale of Gelco's Canadian unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11414" NEWID="6503">
+<DATE>18-MAR-1987 10:29:01.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8041&#31;reute
+r f BC-PHILIP-CROSBY-&lt;PCRO>   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIP CROSBY &lt;PCRO> SEES LOWER 4TH QTR RESULTS</TITLE>
+<DATELINE>    WINTER PARK, Fla., March 18 - </DATELINE><BODY>Philip Crosby Associates Inc
+said it expects its audited results for 1986's fourth quarter
+to be lower than its previously estimated 10 to 15 cts per
+share.
+    Philip Crosby Jr, executive vice president, said normal
+accounting adjustments, as well as a review of the company's
+international operations due to a previously reported alleged
+embezzlement, resulted in the lower results.
+    Philip Crosby reported fourth quarter 1985 results of 1.3
+mln dlrs, or 37 cts a share prior to an August 15 two-for-one
+stock split.
+    Crosby said, however, he expects the company to report
+higher first quarter 1987 revenues than the 1986 first quarter
+revenues of 11.8 mln dlrs.
+    Crosby said that tuition levels from the management
+consulting service company's courses this month are at the
+highest level in the company's history.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11415" NEWID="6504">
+<DATE>18-MAR-1987 10:29:25.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8045&#31;reute
+d f BC-GENZYME-CORP-&lt;GENZ>-4   03-18 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENZYME CORP &lt;GENZ> 4TH QTR NET</TITLE>
+<DATELINE>    BOSTON, March 18 -
+    </DATELINE><BODY>Shr profit three cts vs loss 44 cts
+    Net profit 247,000 vs loss 2,410,000
+    Revs 3,845,000 vs 3,264,000
+    Avg shrs 8,743,000 vs 5,507,000
+    Year
+    Shr profit one ct vs loss 53 cts
+    Net profit 41,300 vs loss 2,840,000
+    Revs 13.0 vs 9,767,000
+    Avg shrs 7,497,000 vs 5,384,000
+    NOTE: 1985 4th qtr and year net includes two mln dlr loss
+for litigation settlement and 589,000 dlrs for write-off of
+goodwill.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11416" NEWID="6505">
+<DATE>18-MAR-1987 10:29:43.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8048&#31;reute
+d f BC-INFORMATION-SOLUTIONS   03-18 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INFORMATION SOLUTIONS INC &lt;ISOL> 1ST QTR JAN 31</TITLE>
+<DATELINE>    DENVER, March 18 -
+    </DATELINE><BODY>Shr two cts vs six cts
+    Net 43,295 vs 147,724
+    Revs 3,787,507 vs 4,000,019
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11417" NEWID="6506">
+<DATE>18-MAR-1987 10:29:52.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8050&#31;reute
+s f BC-FAIRCHILD-INDUSTRIES   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAIRCHILD INDUSTRIES &lt;FEN> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    CHANTILLY, Va., March 18 -
+    </DATELINE><BODY>Qtrly div five cts vs five cts
+    Pay Apirl 10
+    Record March 30
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11418" NEWID="6507">
+<DATE>18-MAR-1987 10:29:59.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8051&#31;reute
+d f BC-ALFA-LAVAL-AB-&lt;ALFS.S   03-18 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALFA LAVAL AB &lt;ALFS.ST> 1986 YEAR</TITLE>
+<DATELINE>    STOCKHOLM, March 18 -
+    </DATELINE><BODY>Group profit after financial income and expenses 731 mln
+    Crowns vs 651 mln
+    Sales 10.15 billion crowns vs 10.05 billion
+    Profit per share after full taxes - 31.80 crowns vs 30
+    Crowns
+    Proposed dividend - 11 crowns vs 10 crowns.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11419" NEWID="6508">
+<DATE>18-MAR-1987 10:30:13.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8052&#31;reute
+d f BC-SHELDAHL-&lt;SHEL>-IN-AG   03-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELDAHL &lt;SHEL> IN AGREEMENT WITH SUMITOMO</TITLE>
+<DATELINE>    NORTHFIELD, MINN., March 18 - </DATELINE><BODY>Sheldahl Inc said it signed
+the previously announced agreements with Sumitomo Bakelite Co
+Ltd, Tokyo, Japan, providing for a joint participation program
+for manufacturing flexible circuits and circuitry components.
+    Under terms of the agreement, each company granted the
+other a license to use flexible circuit and related technology.
+    As part of the transaction, Sumitomo Bakelite has purchased
+10 pct, or 325,000 shares of Sheldahl common stock. In
+addition, Sheldahl will be a minority holder in Sumitomo's next
+flexible circuit manufacturing operation in Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11420" NEWID="6509">
+<DATE>18-MAR-1987 10:30:19.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8053&#31;reute
+s f BC-SPECTRUM-CONTROL-INC   03-18 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPECTRUM CONTROL INC &lt;SPEC> SETS QUARTERLY</TITLE>
+<DATELINE>    ERIE, Pa., March 18 -
+    </DATELINE><BODY>Qtly div 1-3/4 cts vs 1-3/4 cts prior
+    Pay April 15
+    Record April One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11421" NEWID="6510">
+<DATE>18-MAR-1987 10:32:31.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8068&#31;reute
+r f BC-BIDDERS-BUY-SHARES-OF   03-18 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIDDERS BUY SHARES OF EASTERN UTILITIES &lt;EAU></TITLE>
+<DATELINE>    BOSTON, March 187 - </DATELINE><BODY>Eastern Utilities Associates &lt;EAU> said
+PaineWebber Inc, Prudential-Bache Capital Funding and A.G.
+Edwards and Sons Inc, were the successful bidders for one mln
+of its common shares offered at 36-5/8 dlrs per share.
+    Eastern said it has about 11.7 mln common shares
+outstanding.
+    As previously reported, Eastern said it will use the
+proceeds from the sale to reduce or eliminates its short-term
+debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11423" NEWID="6511">
+<DATE>18-MAR-1987 10:35:29.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>iceland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8085&#31;reute
+r f BC-ICELAND-TO-PRIVATISE   03-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICELAND TO PRIVATISE STATE BANK UTVEGSBANKI</TITLE>
+<DATELINE>    REYKJAVIK, March 18 - </DATELINE><BODY>The Icelandic government said it will
+privatise the state-owned bank Utvegsbanki, the country's
+second largest. Parliament also granted an 800 mln crown cash
+infusion to ease cash flow problems that arose when the bank
+lost 600 mln crowns in a shipping firm bankruptcy two years
+ago.
+    Utvegsbanki director Halldor Gudbjarnarson told Reuters the
+decision to privatise the bank was a relief and that foreign
+banks had already expressed interest in taking a share.
+    A quarter of the one billion crown total share capital will
+be available to foreign investors, government officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11424" NEWID="6512">
+<DATE>18-MAR-1987 10:35:43.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8086&#31;reute
+r f BC-CANDLEWOOD-BANK-PLANS   03-18 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANDLEWOOD BANK PLANS INITIAL OFFERING</TITLE>
+<DATELINE>    NEW FAIRFIELD, Conn., March 18 - </DATELINE><BODY>&lt;Candlewood Bank and Trust
+Co> said it plans an initial public offering of 500,000 common
+shares at an expected price of 10 dlrs each through underwriter
+Moseley Holdings Corp &lt;MOSE>, which has been granted an option
+to buy up to 75,000 more shares to cover overallotments.
+    Candlewood is being formed to serve the area around
+Candlewood Lake in Connecitcut,  Proceeds from the offering
+would support its operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11425" NEWID="6513">
+<DATE>18-MAR-1987 10:35:50.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>west-germany</D><D>denmark</D><D>netherlands</D><D>france</D><D>ireland</D><D>italy</D><D>uk</D><D>greece</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f8087&#31;reute
+u f BC-CEREALS-MCAS-TO-BE-UN   03-18 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CEREALS MCAS TO BE UNCHANGED NEXT WEEK</TITLE>
+<DATELINE>    BRUSSELS, March 18 - </DATELINE><BODY>Monetary compensatory amounts (mcas)
+for cereals will be unchanged for the week starting March 23,
+European Commission officials said.
+    Cereals mcas are plus 2.4 points for West Germany and the
+Netherlands, minus two points for Denmark, minus eight points
+for France, minus nine points for Ireland, minus 5.7 points for
+Italy, minus 25.7 points for Britain, minus 44.1 points for
+Greece and minus 10.5 points for Spain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11426" NEWID="6514">
+<DATE>18-MAR-1987 10:35:58.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8089&#31;reute
+s f BC-GENOVESE-DRUG-STORES   03-18 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENOVESE DRUG STORES INC &lt;SPEC> SETS QUARTERLY</TITLE>
+<DATELINE>    MELVILLE, N.Y., March 18 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay April 20
+    Record April 13 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11428" NEWID="6515">
+<DATE>18-MAR-1987 10:38:04.62</DATE>
+<TOPICS><D>silver</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f8101&#31;reute
+r f BC-STUDY-SHOWS-ONLY-LIMI   03-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STUDY SHOWS ONLY LIMITED OPTIMISM FOR SILVER</TITLE>
+<DATELINE>    ZURICH, March 18 - </DATELINE><BODY>Silver looks "unlikely to break out of
+gold and platinum's shadow" in the near future, although this
+year is likely to see demand increasing at a faster rate than
+supply, a study by Credit Suisse said.
+    The study predicted demand rising by 300 tonnes to 13,200
+tonnes this year, against a 50 tonne increase in supply to
+14,050 tonnes. This should cut the global oversupply to 850
+tonnes from last year's provisional 1,100 tonnes.
+    The study noted that the effects of last year's lower
+prices were having a dampening effect on total supply, which
+was now back down to around levels of a decade ago.
+    However, the study said that primary production, likely to
+reach 10,000 tonnes this year against a provisional 9,950 in
+1986, is relatively insensitive to price falls.
+    Around a third of silver production comes from heavily
+indebted Mexico and Peru.
+    Price-sensitivity is also reduced by the fact that the
+majority of silver is a by-product of other mining activity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11429" NEWID="6516">
+<DATE>18-MAR-1987 10:41:10.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f8116&#31;reute
+u f BC-DUFF/PHELPS-LOWERS-DU   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS LOWERS DUQUESNE LIGHT &lt;DQU> DEBT</TITLE>
+<DATELINE>    CHICAGO, March 18 - </DATELINE><BODY>Duff and Phelps said it lowered the
+ratings on Duquesne Light Company fixed income securities,
+affecting approximately 1.8 billion dlrs in debt.
+    Duquesne first mortgage bonds and debentures were lowered
+to DP-9 (middle BBB) from DP-8 (high BBB), preferred stock
+rating to DP-10 (low BBB) from DP-9 and preference stock to
+DP-11 (high BB) from DP-10.
+    The change resulted from a denial by the Pennsylvania
+Public Utility Commission for a rate increase and an order by
+the commission to reduce rates by 18.6 mln dlrs annually.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11430" NEWID="6517">
+<DATE>18-MAR-1987 10:42:17.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8124&#31;reute
+r f BC-PACAD-INC-&lt;BAGS>-IN-P   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACAD INC &lt;BAGS> IN PACT WITH OKAMOTO U.S.A.</TITLE>
+<DATELINE>    NEWBURGH, N.Y., March 18 - </DATELINE><BODY>Pacad Inc said it has entered
+into a contractual agreement with &lt;Okamoto U.S.A. Inc> to
+market condoms manufactured by Okamoto's parent company,
+Okamoto Riken Gomu Co Ltd of Japan.
+    Pacad president David Tucker said the agreement covered the
+entire U.S. and Caribbean.
+    "With mounting public health concerns we expect our condom
+sales to begin within 30 days and grow rapidly in 1987," Tucker
+said. "We find perception of quality and value in Japanese
+products is just now crossing over from cars and cameras to
+condoms."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11431" NEWID="6518">
+<DATE>18-MAR-1987 10:43:31.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8131&#31;reute
+r f BC-PREMARK-&lt;PMI>-EXTENDS   03-18 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREMARK &lt;PMI> EXTENDS BUY-BACK DEADLINE</TITLE>
+<DATELINE>    NORTHBROOK, Ill., March 18 - </DATELINE><BODY>Premark International Inc said
+it is extending to April 17 the offer to buy its common stock
+from holders of fewer than 100 shares.
+    Owners of record Jan 27, 1987 are eligible for the offer,
+which enables shareholders to sell their holdings to Premark
+without paying brokerage fees or commission.
+    The offer is being made on a "first-come first-served"
+basis with a maximum of 1.7 mln shares to be accepted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11432" NEWID="6519">
+<DATE>18-MAR-1987 10:43:40.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8132&#31;reute
+r f BC-FIRST-BANCORP-FILES-R   03-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST BANCORP FILES REGISTRATION WITH SEC</TITLE>
+<DATELINE>    TROY, N.C., March 18 - </DATELINE><BODY>First Bancorp said it filed with the
+Securities and Exchange Commission its public offering of
+400,000  shares of common stock to be underwitten by Interstate
+Securities Corp.
+    First Bancorp said the registration statement also covers
+60,000 additional shares that Interstate Securities has the
+right to acquire in order to cover over allotments.
+    First Bancorp, which is now private, said its stock will
+not be traded until the filing becomes effective.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11433" NEWID="6520">
+<DATE>18-MAR-1987 10:43:46.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8134&#31;reute
+d f BC-ANIMED-INC-&lt;VETS>-1ST   03-18 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANIMED INC &lt;VETS> 1ST QTR JAN 31 LOSS</TITLE>
+<DATELINE>    ROSLYN, N.Y., March 18 -
+    </DATELINE><BODY>Shr loss six cts vs profit three cts
+    Net loss 368,188 vs profit 149,334
+    Revs 3,9i3,523 vs 4,129,240
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11434" NEWID="6521">
+<DATE>18-MAR-1987 10:43:51.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8135&#31;reute
+d f BC-ANIMED-&lt;VETS>-EXPECTS   03-18 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANIMED &lt;VETS> EXPECTS TO TURN PROFITABLE</TITLE>
+<DATELINE>    ROSLYN, N.Y., March 18 - </DATELINE><BODY>ANIMED Inc said it expects to
+return to profitability during the current year.
+    Today it reported a loss for the first quarter ended in
+January of 368,188 dlrs compared with a 149,334 dlr profit a
+year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11435" NEWID="6522">
+<DATE>18-MAR-1987 10:44:07.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8136&#31;reute
+d f BC-CROWN-AUTO-INC-&lt;CRNI>   03-18 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CROWN AUTO INC &lt;CRNI> 4TH QTR DEC 27 LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 18 -
+    </DATELINE><BODY>Shr loss 14 cts vs loss 31 cts
+    Net loss 144,522 vs loss 334,890
+    Revs 10,019,828 vs 9,021,835
+    Year
+    Shr loss 16 cts vs profit 10 cts
+    Net loss 170,177 vs profit 105,090
+    Revs 36.8 mln vs 36.1 mln
+    Avg shrs 1,068,850 vs 1,074,624
+    NOTE: 1985 period ended December 28
+    1985 earnings include loss in each period from discontinued
+operations of 184,777 dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11436" NEWID="6523">
+<DATE>18-MAR-1987 10:44:13.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8137&#31;reute
+d f BC-UNION-VALLEY-CORP-&lt;UV   03-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION VALLEY CORP &lt;UVC> 4TH QTR NET</TITLE>
+<DATELINE>    WHITING, N.J., March 18 -
+    </DATELINE><BODY>Shr 20 cts vs 34 cts
+    Net 797,000 vs 1,137,000
+    Rev 22.2 mln vs 18.2 mln
+    Avg shares 3,966,667 vs 3,366,667
+    Year
+    Shr 73 cts vs one dlr
+    Net 2,625,000 vs 3,371,000
+    Rev 69.6 mln vs 62.9 mln
+    Avg shares 3,583,653 vs 3,366,667
+    NOTE: 1986 includes extraordinary gain of 281,000 dlrs, or
+eight cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11437" NEWID="6524">
+<DATE>18-MAR-1987 10:44:25.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8138&#31;reute
+d f BC-GENERAL-DEVICES-INC-&lt;   03-18 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL DEVICES INC &lt;GDIC> YEAR NET</TITLE>
+<DATELINE>    NORRISTOWN, Pa., March 18 -
+    </DATELINE><BODY>Shr profit 48 cts vs loss 21 cts
+    Net profit 1,308,503 vs loss 561,384
+    Revs 56.0 mln vs 66.1 mln
+    NOTE: 1986 net includes pretax gain 2,429,563 dlrs from
+sale of Worldwide Computer Services Inc subsidiary and 352,000
+dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11438" NEWID="6525">
+<DATE>18-MAR-1987 10:46:22.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8142&#31;reute
+d f BC-DEUTSCHE-BABCOCK-TO-I   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE BABCOCK TO INCREASE DIVIDEND IN 1986/87</TITLE>
+<DATELINE>    OBERHAUSEN, West Germany, March 18 - </DATELINE><BODY>Deutsche Babcock AG
+&lt;DBCG.F> will increase its dividend on results in the year
+ending September 30, 1987, chief executive Helmut Wiehn said.
+    Wiehn told a news conference Deutsche Babcock would double
+the absolute amount it distributes to shareholders. This
+overall increase would also be due partly to an increase of
+nominal share capital by 100 mln marks to 350 mln marks.
+    A higher dividend had been anticipated because Deutsche
+Babcock has said in the past that it will only raise capital
+when it can make a lasting improvement in the dividend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11439" NEWID="6526">
+<DATE>18-MAR-1987 10:48:31.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8150&#31;reute
+b f BC-FINANCE-FOR-DANISH-IN   03-18 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCE FOR DANISH INDUSTRY HAS DANISH CROWN BOND</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Finance for Danish Industry is issuing a
+300 mln Danish crown eurobond due April 23, 1992, paying 11-3/8
+pct and priced at 100-1/4 pct, lead manager Privatbanken Ltd
+said.
+    The bond will be listed in Luxembourg. Pay date is April
+24.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11440" NEWID="6527">
+<DATE>18-MAR-1987 10:48:54.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8153&#31;reute
+r f BC-EXOVIR-&lt;XOVR>-SELLS-S   03-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXOVIR &lt;XOVR> SELLS STOCK FOR 2.8 MLN DLRS</TITLE>
+<DATELINE>    GREAT NECK, N.Y., March 18 - </DATELINE><BODY>Exovir Inc said it sold to an
+investor group led by Mark Hammer 200,000 shares of company
+common stock and warrants to purchase an additional 200,000
+shares.
+    Exovir said the transaction increases the group's stake
+from 12.9 pct to 18.5 pct.
+    The net proceeds to the company total 2.8 mln dlrs, the
+company said. The warrants are exerciseable over the next three
+years at 19.50 dlrs per share of common stock, according to
+Exovir.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11441" NEWID="6528">
+<DATE>18-MAR-1987 10:49:31.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8161&#31;reute
+s f BC-BRAD-RAGAN-INC-&lt;BRD>   03-18 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAD RAGAN INC &lt;BRD> SETS QUARTERLY</TITLE>
+<DATELINE>    CHARLOTTE, N.C., MArch 18 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay May 4
+    Record April 3
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11442" NEWID="6529">
+<DATE>18-MAR-1987 10:50:36.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8168&#31;reute
+d f BC-&lt;BASTIAN-INDUSTRIES-I   03-18 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BASTIAN INDUSTRIES INC> 2ND QTR JAN 31 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 18 -
+    </DATELINE><BODY>Net loss 1,321,000 vs loss 1,397,000
+    Sales 31.1 mln vs 29.2 mln
+    1st half
+    Net loss 94,000 vs loss 1,745,000
+    Sales 63.0 mln vs 61.9 mln
+    NOTE: Company recently went private.
+    Latest quarter net includes 24,000 dlr tax credit.
+    Current half net includes gain 2,041,000 dlrs pretax from
+termination of pension plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11443" NEWID="6530">
+<DATE>18-MAR-1987 10:51:59.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8171&#31;reute
+r f BC-IBM-&lt;IBM>-DETAILS-STA   03-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> DETAILS STANDARDS ON LINKING PRODUCTS</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>International Business Machines Corp
+has released software programing standards that will eventually
+make it possible to link the company's computers of all sizes,
+a spokeswoman said.
+    She said standards were contained in a programing
+announcement IBM sent to its sales representatives and some
+customers. The new standards, known as Systems Application
+Architecture, do not constitute a new product. But they provide
+the framework for development of saftware to be used in future
+computers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11444" NEWID="6531">
+<DATE>18-MAR-1987 10:53:29.43</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8175&#31;reute
+r f BC-U.K.-BASE-RATES-WILL   03-18 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BASE RATES WILL FALL AGAIN SOON, SAY ANALYSTS</TITLE>
+<AUTHOR>    By Geert Linnebank, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Today's modest half-point cut in U.K.
+Bank base lending rates to 10 pct signals the Bank of England's
+determination to maintain a cautious monetary stance, but
+financial markets appear set to force its hand, analysts said.
+    They said a further half-point cut in base rates to 9-1/2
+pct was bound to occur within the next week and rates may shed
+a further half point soon if markets remain buoyant.
+    Earlier, markets were bracing for a one-point cut in rates
+after yesterday's budget set a sharp three billion stg
+reduction in 1987 government borrowing targets to four billion
+stg.
+    Sterling money market rates moved lower again, with the key
+three-month interbank rate down to 9-5/8 1/2 pct at the start
+of business from 9-11/16 9/16 yesterday, and sterling rallied
+to four-year highs against the dollar in very active trading.
+    Government bond prices also surged on the budget, with
+gains in excess of one point pushing yields on long-term paper
+below nine pct for the first time in nearly a year.
+    But today's smaller than expected rate cut appeared to have
+placated markets for now, analysts said. Money market rates
+recovered up to 1/4 point from earlier lows while both sterling
+and gilts came off highs as trading ground to a near halt.
+    Analysts said the slowdown was likely to be temporary, and
+the reappraisal of sterling assets by international investors
+was set to resume as early as tomorrow, leading to higher gilt
+prices, exchange rate advances and lower money market rates.
+    "Today's cut was slightly disappointing," said Bill Martin,
+chief U.K. Economist at stockbrokers Phillips and Drew. "The
+Bank of England is taking a very cautious line ... To temper
+the markets' first rush of blood to the head after the budget."
+    Analysts said the bank's move today to lend two-week cash
+to U.K. Discount houses at a lower 10 pct suggested it hoped to
+maintain the new rates for about that period of time.
+    The analysts agreed success would depend largely on how
+sterling performs in the near term.
+    Sharp rises in the pound's value could be checked initially
+through Bank of England intervention but eventually the gains
+would force the bank to cut interest rates rates again.
+    "The market seems to have accepted the modest cut for the
+time being," said Midland Bank treasury economist David
+Simmonds. "But I am sceptical that the bank will be able to hold
+up rates for long."
+    Simmonds said he saw sterling rising another two U.S. Cents
+this week from around 1.60 dlrs, forcing a rate cut by Friday.
+    Robin Marshall, chief economist at Chase Manhattan
+Securities, said "There is another half point to come in the
+near term, this week or next week at the latest...We see a
+whole point off base rates in the next two or three weeks."
+    Analysts stressed that apart from prestige, Britain had
+very little to gain from a sharp rise in sterling's exchange
+rate.
+    Martin, of Phillips and Drew, said the dampening effect of
+a sterling rise on consumer price inflation would not
+materialise for at least nine months while its hampering impact
+on manufactured exports would show almost immediately.
+    Analysts said the budget, featuring income tax cuts as well
+as cautious plans for public finances, had improved the chances
+of re-election for the Conservative government and probably
+advanced the election date. One must be held before June, 1988.
+Combined with overall good prospects for the U.K. Economy, this
+was likely to fuel a foreign rush on sterling-denominated
+assets, pushing the pound's value well above unofficial
+targets.
+    With mark-denominated investments largely out of favour
+because of low yields and a dull economic outlook, Chase's
+Marshall said "Sterling is simply the best game in town,
+especially after the budget, and demand will remain strong."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11445" NEWID="6532">
+<DATE>18-MAR-1987 10:54:28.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8176&#31;reute
+u f BC-COMMERCIAL-NATIONAL-C   03-18 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCIAL NATIONAL CORP &lt;CNCL> CUTS QUARTERLY</TITLE>
+<DATELINE>    SHREVEPORT, La., March 18 - </DATELINE><BODY>Commercial National Corp said
+it cut its quarterly dividend to 15 cts per share from 25 cts
+due to current expectations for 1987 earnings.
+    The company said the dividend is payable April 10 to
+holders of record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11446" NEWID="6533">
+<DATE>18-MAR-1987 10:55:02.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8177&#31;reute
+r f BC-TIMBERLAND-INDUSTRIES   03-18 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIMBERLAND INDUSTRIES INC &lt;TIMB> 4TH QTR NET</TITLE>
+<DATELINE>    BELLEVUE, Wash., March 18 -
+    </DATELINE><BODY>Shr 14 cts vs 22 cts
+    Net 188,000 vs 307,000
+    Sales 14.6 mln vs 12.1 mln
+    Year
+    Shr 44 cts vs 63 cts
+    Net 600,000 vs 852,000
+    Sales 51.0 mln vs 45.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11447" NEWID="6534">
+<DATE>18-MAR-1987 10:55:59.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f8179&#31;reute
+r f BC-&lt;municipal-financial   03-18 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MUNICIPAL FINANCIAL CORP> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    BARRIE, Ontario, March 18 -
+    </DATELINE><BODY>Shr 34 cts vs 22 cts
+    Net 1,280,185 vs 875,692
+    Revs 19.0 mln vs 15.8 mln
+    Assets 585.6 mln vs 469.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11448" NEWID="6535">
+<DATE>18-MAR-1987 10:57:40.04</DATE>
+<TOPICS><D>trade</D><D>cotton</D><D>iron-steel</D><D>naphtha</D><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>pakistan</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f8184&#31;reute
+d f BC-PAKISTAN-SWEDISH-GOOD   03-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN-SWEDISH GOODS EXCHANGE AGREED</TITLE>
+<DATELINE>    ISLAMABAD, March 18 - </DATELINE><BODY>Pakistan and Sweden have signed a
+commodity exchange agreement for 88 mln dlrs each way, the
+Pakistan government announced.
+    Pakistan's exports under the agreement will include raw
+cotton, cotton products, cotton textiles, steel products,
+molasses, naphtha and fresh and dried fruits.
+    Swedish exports to Pakistan will include medical and
+laboratory equipment, electrical telecommunication equipment,
+diesel engine spares, mining and security equipment,
+road-building and construction machinery, fertilisers and palm
+oil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11449" NEWID="6536">
+<DATE>18-MAR-1987 10:58:06.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8185&#31;reute
+f f BC-******BRISTOL-MYERS-T   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BRISTOL-MYERS TO SEEK FDA MARKETING APPROVAL FOR AIDS VIRUS BY END OF MONTH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11450" NEWID="6537">
+<DATE>18-MAR-1987 10:58:17.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8186&#31;reute
+d f BC-PEAT-MARWICK-AND-NOLA   03-18 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEAT MARWICK AND NOLAN NORTON TO MERGE</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>&lt;Peat Marwick>, an accounting and
+management consulting firm, and &lt;Nolan, Norton and Co>, an
+information and technology planning concern, said they have
+merged.
+    The companies said with the merger Nolan now will be known
+as Nolan, Norton and Co-partners, the information technology
+arm of Peat Marwick.
+    Also as part of the merger, Nolan's 21 principals have
+become Peat Marwick partners, the companies said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11451" NEWID="6538">
+<DATE>18-MAR-1987 10:59:29.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f8193&#31;reute
+d f BC-TRUS-JOIST-&lt;TJCO>-TO   03-18 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRUS JOIST &lt;TJCO> TO ACQUIRE CANADIAN FIRM</TITLE>
+<DATELINE>    BOISE, Idaho, March 18 - </DATELINE><BODY>Trus Joist Corp said it agreed to
+purchase Dashwood Industries Ltd, a Canadian wood window and
+patio door manufacturer, for an undisclosed amount of cash.
+    Trus Joist said it expects to close the transaction before
+June 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11452" NEWID="6539">
+<DATE>18-MAR-1987 11:04:21.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8213&#31;reute
+r f BC-KINDER-CARE-&lt;KNDR>-SE   03-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KINDER-CARE &lt;KNDR> SEES HIGHER EARNINGS IN 1987</TITLE>
+<DATELINE>    MONTGOMERY, Ala., March 18 - </DATELINE><BODY>Kinder-Care Inc projected its
+1987 earnings to be 44 mln dlrs.
+    Richard Grassgreen, president of the company, said earnings
+per share are expected to be between 97 cts and one dlr in
+comparison to 75 cts earnings per share for the fiscal year
+ended August 29, 1986, and 80 cts for the trailing 12 months
+ended November 1986.
+    Greengrass said this represents an earnings per share
+increase of approximately 25 to 30 pct.
+    The company said it changed its fiscal year end from August
+31 to December 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11453" NEWID="6540">
+<DATE>18-MAR-1987 11:06:45.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8226&#31;reute
+r f BC-ROBBINS-AND-MYERS-INC   03-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROBBINS AND MYERS INC &lt;ROBN> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    DAYTON, Ohio, March 18 -
+    </DATELINE><BODY>Shr profit 11 cts vs loss 1.45 dlrs
+    Net profit 267,000 vs loss 3,458,000
+    Sales 23.6 mln vs 23.0 mln
+    First half
+    Shr loss 27 cts vs loss 1.91 dlrs
+    Net loss 633,000 vs loss 4,548,000
+    Sales 46.2 mln vs 49.7 mln
+    Avg shrs 2,382,000 vs 2,381,000
+    Backlog 26.1 mln vs 36.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11454" NEWID="6541">
+<DATE>18-MAR-1987 11:06:57.29</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8227&#31;reute
+h f BC-ECONOMIC-SPOTLIGHT--   03-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - JAPAN SHIPBUILDERS RECOVERY</TITLE>
+<AUTHOR>    By Fumiko Fujisaki, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 18 - </DATELINE><BODY>Japan's ailing shipbuilding industry
+plans to refloat itself in a few years from the twin rocks of
+recession and a strong yen through capacity and workforce cuts
+and greater use of computers, industry sources told Reuters.
+    The salvage measures, which include a government-sponsored
+rationalisation program, are aimed at clawing back some of the
+market which Japan, the world leader, has lost to South Korea
+through currency and labour cost disadvantages, they said.
+    The sources said South Korea's yards are now some 35 pct
+more competitive than Japan's due to such factors.
+    The government plans to help the industry shed 20 pct of
+current capacity within two years through mergers and
+regrouping under legislation put before Parliament this month
+and likely to be approved by May or June, the sources said.
+    They said from September a semi-government body will assure
+repayment of about 50 billion yen in liabilities incurred
+through job losses and the sale of excess capacity, and another
+30 billion for buying unneeded land and equipment.
+    Last Friday, the Shipbuilders Association of Japan applied
+to the Fair Trade Commission to form a cartel to slash tonnage
+built to about half of total capacity for a year from April 1.
+    The commission has held several hearings with the industry
+and approval should be given this month, the sources said.
+    A clampdown on output over one or two years combined with a
+planned cost-cutting and streamlining program and state support
+should help Japanese yards recover their international
+competitiveness, they said.
+    Under the cartel proposals, 33 yards each capable of
+building ships of more than 10,000 gross tonnes would build a
+maximum of three mln compensated gross registered tonnes (CGRT)
+in 1987/88. This is about half of total capacity.
+    This will ease the cut-throat competition which forced most
+yards to sign orders below cost, the sources said.
+    The industry is likely to seek to renew the cartel for
+1988/89 as the Transport Ministry sees new orders falling to
+3.1 mln CGRT in 1988/89 from 3.3 mln in 1987/88, they said.
+    The rationalisation program includes a cut of 20,000 to
+30,000 of the estimated 100,000 workers in the industry between
+1986 and 1989.
+    Japanese yards topped world order books at end-December,
+followed by South Korea and Taiwan, according to Lloyd's
+Register of Shipping.
+    However, falling orders and declining international
+competitiveness due to the strong yen led to heavy losses in
+the industry, the sources said.
+    Four of Japan's six major heavy machinery and shipbuilding
+companies reported current deficits in the first half of the
+year to March 31 and five of them are expected to report
+current deficits for the whole of 1986/7, they said.
+    The shipbuilding companies' streamlining program will raise
+productivity to compete with South Korean yards which have also
+been hard hit by declining orders and low ship prices in recnt
+years, the sources said.
+    In Japan, no single yard leads the industry, resulting in
+fierce competition and slow progress in reducing capacity. The
+two largest firms -- Mitsubishi Heavy Industries Ltd &lt;MITH.T>
+and Ishikawajima-Harima Heavy Industries Co Ltd &lt;JIMA.T> --
+account for only 30 pct of ships built, the sources said.
+    "World shipowners hope Japanese yards can manage to ride out
+the recession as their technology is the best in the world,"
+said an official at a major Japanese shipping company.
+    The Japanese merchant fleet, the largest after Liberia's,
+has no intention of shifting to other countries to buy ships,
+and this will encourage Japanese yards, the sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11455" NEWID="6542">
+<DATE>18-MAR-1987 11:07:34.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8233&#31;reute
+f f BC-******CONT'L-ILLINOIS   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONT'L ILLINOIS SAYS BRAZIL MORATORIUM COULD CUT 1ST QTR NET BY 10 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11456" NEWID="6543">
+<DATE>18-MAR-1987 11:10:31.71</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f8244&#31;reute
+b f BC-/-FED-EXPECTED-TO-ADD   03-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD RESERVES IN MONEY MARKET</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>The Federal Reserve is expected to
+enter the U.S. Government securities market to add temporary
+reserves indirectly via 1.5 billion dlrs or more of customer
+repurchase agreements, economists said.
+    They said the below-six pct Federal funds rate suggests the
+Fed does not have a large reserve adding need. However, some
+dealers reportedly backed out of the three-day System
+repurchase agreements set on Monday, leaving the Fed with a
+somewhat increased need to supply reserves.
+    Federal funds, which averaged 6.05 pct yesterday, opened at
+5-15/16 pct and remained there in early trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11457" NEWID="6544">
+<DATE>18-MAR-1987 11:10:42.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8245&#31;reute
+b f BC-/BRISTOL-MYERS-&lt;BMY>   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRISTOL-MYERS &lt;BMY> SEEKS AIDS VACCINE TESTING</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Bristol-Myers Co &lt;BMY> said it would
+seek Food and Drug Administration permission to test its AIDS
+vaccine in humans by the end of March.
+    A company spokesman said the company will file an
+investigational new drug application by the end of the month,
+requesting the FDA to allow testing of the vaccine in humans.
+    Scientists at the company's Genetic Systems unit created an
+AIDS vaccine, which Bristol-Myers said produced antibodies to
+the AIDS virus in mice and monkeys. The vaccine consists of
+smallpox virus remodeled to carry a key gene found on the AIDS
+virus.
+    Drug industry analysts said that that before the FDA would
+allow the vaccine to be tested, a number of safety issues would
+have to be resolved. Bristol-Myers said that by piggy-backing
+two AIDS virus proteins with the small pox virus, a hybrid
+virus is created that simulataneously immunizes against
+smallpox and the AIDS virus proteins.
+    The vaccine uses two proteins found on the surface of the
+AIDS virus. The AIDS virus contains a number of such proteins
+and it is not yet known which ones would provoke immunity
+against AIDS.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11458" NEWID="6545">
+<DATE>18-MAR-1987 11:13:06.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8261&#31;reute
+b f BC-MUNICIPALITY-OF-TORON   03-18 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUNICIPALITY OF TORONTO ISSUES CANADIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>The Municipality of Metropolitan Toronto
+is issuing a 75 mln Canadian dlr eurobond due May 7, 1997
+paying 8-3/4 pct and priced at 101-1/8 pct, lead manager Wood
+Gundy Inc said.
+    The bond will be listed in Luxembourg and is available in
+denominations of 1,000 dlrs.
+    Fees comprise 1-1/4 pct selling concession and 3/8 pct each
+for management and underwriting. Pay date is May 7.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11459" NEWID="6546">
+<DATE>18-MAR-1987 11:14:01.37</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>netherlands</D><D>suriname</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f8266&#31;reute
+u f BC-SURALCO-BAUXITE-REFIN   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SURALCO BAUXITE REFINERY REOPENED</TITLE>
+<DATELINE>    ROTTERDAM, March 18 - </DATELINE><BODY>The 1.4 mln tonnes capacity bauxite
+refinery at Paranam in Surinam, which closed at the end of
+January after being sabotaged by anti-government rebels, has
+now reopened, a spokesman for Dutch metals company Billiton
+said.
+    The refinery is run by Suralco, jointly owned by the U.S.
+Company Alcoa and the Dutch company Billiton, which is a
+wholly-owned subsidiary of Royal Dutch Shell.
+    Production of alumina at the refinery is currently running
+at around 3,000 tonnes a day and is expected to get back to
+full capacity of 4,000 tonnes within a week, the Billiton
+spokesman added.
+    The refinery was forced to close at the end of January when
+rebels cut the main power line.
+    Earlier, the refinery had had to import some supplies of
+bauxite, as rebel activity shut off supplies from Alcoa's mine
+at Moengo in the east of the country.
+    Billiton's mine at Onverdacht, between Paranam and the
+capital Paramaribo, is still working but Moengo remains closed
+and the refinery is continuing to import some bauxite, the
+Billiton spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11460" NEWID="6547">
+<DATE>18-MAR-1987 11:14:08.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f8267&#31;reute
+b f BC-/CONT'L-ILLINOIS&lt;CIL>   03-18 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONT'L ILLINOIS&lt;CIL> SAYS MORATORIUM MAY CUT NET</TITLE>
+<DATELINE>    CHICAGO, March 18 - </DATELINE><BODY>Continental Illinois Corp said if the
+Brazilian debt moratorium remains in effect, it may place its
+medium and long term loans to Brazil on a cash basis.
+    This would increase non-performing loans by about 380 mln
+dlrs and reduce income before taxes and net income by about 10
+mln dlrs in the 1987 first quarter and 35 mln dlrs for the full
+year, company officials told a press briefing.
+    Loans to Brazil at 1986 year end totaled 474 mln dlrs,
+according to the annual report released at the briefing.
+    In February 1987, the Brazilian government, citing a
+declining level of foreign currency reserves, declared a
+moratorium on the payment of interest on the country's medium
+and long term debt obligations.
+    Continental said it may take similar action on its loans to
+Ecuador, which total 25 mln dlrs. This would reduce 1987
+pre-tax and after-tax net by 800,000 dlrs in the first quarter,
+and by two mln dlrs for the full year, the bank-holding
+company's officers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11461" NEWID="6548">
+<DATE>18-MAR-1987 11:14:24.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8269&#31;reute
+b f BC-QUEENSLAND-GOVERNMENT   03-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEENSLAND GOVERNMENT DEVELOPMENT HAS CP PROGRAM</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>The Queensland Government Development
+Authority is launching a 300 mln U.S. Dlr euro-commercial paper
+program, Morgan Guaranty Ltd said as one of the dealers.
+    The other dealer is Swiss Bank Corp International Ltd and
+issuing and paying agent is Morgan Guaranty Trust Co of New
+York's London office.
+    The program is guaranteed by the Government of Queensland.
+Paper will be issued in denominations of 500,000 dlrs and will
+have maturities between seven and 365 days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11462" NEWID="6549">
+<DATE>18-MAR-1987 11:16:20.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8276&#31;reute
+r f BC-CYPRESS-SAVINGS-ASSOC   03-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYPRESS SAVINGS ASSOCIATION &lt;CYPSA> 4TH QTR LOSS</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., March 18 -
+    </DATELINE><BODY>Shr loss 3.26 dlrs vs loss 2.75 dlrs
+    Net loss 3,479,744 vs 2,939,619
+    Year
+    Shr loss 5.58 dlrs vs loss 2.20 dlrs
+    Net loss 5,964,454 vs loss 2,341,818
+    NOTE: Net includes tax credits of 108,798 dlrs vs 1,445,275
+dlrs in quarter and 838,690 dlrs vs 1,124,805 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11463" NEWID="6550">
+<DATE>18-MAR-1987 11:18:54.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8285&#31;reute
+r f BC-PROPOSED-OFFERINGS-RE   03-18 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Norwest Corp - Shelf offering of up to 100 mln dlrs of debt
+securities, supplementing another 275 mln dlrs of debt
+securities which remain unsold from a previous shelf
+registration.
+    First Bancorp, Troy, N.C. - Initial offering of 400,000
+shares of common stock at an estimated 17-19 dlrs a share
+through Interstate Securities Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11464" NEWID="6551">
+<DATE>18-MAR-1987 11:20:03.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8287&#31;reute
+d f BC-ZENITH-LABORATORIES-I   03-18 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZENITH LABORATORIES INC &lt;ZEN> 4TH QTR LOSS</TITLE>
+<DATELINE>    RAMSEY, N.J., March 18 -
+    </DATELINE><BODY>Shr loss 24 cts vs profit 23 cts
+    Net loss 5,106,000 vs profit 5,120,000
+    Sales 11.4 mln vs 20.4 mln
+    Year
+    Shr loss 19 cts vs profit 73 cts
+    Net loss 4,062,000 vs profit 15.7 mln
+    Sales 50.4 mln vs 80.5 mln
+    Avg shrs 21.7 mln vs 21.6 mln
+    NOTE: 1986 net includes tax credits of 2,742,000 dlrs in
+quarter and 5,903,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11465" NEWID="6552">
+<DATE>18-MAR-1987 11:20:36.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8290&#31;reute
+d f BC-CERADYNE-INC-&lt;CRDN>-4   03-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CERADYNE INC &lt;CRDN> 4TH QTR LOSS</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 18 -
+    </DATELINE><BODY>Shr loss 22 cts vs profit 10 cts
+    Net loss 1,056,000 vs profit 427,000
+    Sales 5,440,000 vs 4,982,000
+    Avg shrs 5,229,542 vs 4,435,691
+    Year
+    Shr profit one ct vs profit 26 cts
+    Net profit 29,000 vs profit 993,000
+    Sales 19.1 mln vs 16.8 mln
+    Avg shrs 4,947,632 vs 3,780,543
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11466" NEWID="6553">
+<DATE>18-MAR-1987 11:21:06.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8293&#31;reute
+h f BC-LYPHOMED-&lt;LMED>-TO-MA   03-18 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYPHOMED &lt;LMED> TO MARKET ANTIBIOTIC</TITLE>
+<DATELINE>    ROSEMONT, ILL., March 18 - </DATELINE><BODY>LyphoMed Inc said the Food and
+Drug Administration gave it approval to market Vancomycin HCL,
+an antibiotic used in hospitals to treat life-threatening
+infections.
+    It said the product is currently marketed by Eli Lilly and
+Co &lt;LLY> under the trade name Vancocin. Sales in 1986 were 110
+mln dlrs.
+    LyphoMed said its objective is to get a 15 to 20 pct share
+of the market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11467" NEWID="6554">
+<DATE>18-MAR-1987 11:28:05.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8315&#31;reute
+u f BC-/RENAULT-TO-FORGIVE-A   03-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENAULT TO FORGIVE AMERICAN MOTORS &lt;AMO> DEBT</TITLE>
+<DATELINE>    DETROIT, March 18 - </DATELINE><BODY>France's &lt;Regie Nationale des Usines
+Renault> agreed to forgive 150 mln to 200 mln dlrs of American
+Motors Corp debt as part of Chrysler Corp's &lt;C> 1.5 billion dlr
+acquisition of American Motors, a Chrysler official said.
+    Chrysler investor relations director Everett Scranton said
+through a spokesman that the French state-owned car group
+agreed to forgive the debt as part of a complex payment for
+Renault's 46.1 pct stake in American Motors.
+    Other terms of the accord call for Chrysler to give Renault
+a 200 mln dlr, eight pct note due in 10 years and 35 mln dlrs
+in cash for its American Motors interest.
+    Chrysler will also make a further payment to Renault of up
+to 350 mln dlrs, depending on Amerian Motors' future
+performance, Scranton said.
+    American Motors' board will consider the Chrysler bid again
+this Friday at a regularly scheduled board meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11468" NEWID="6555">
+<DATE>18-MAR-1987 11:31:42.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8321&#31;reute
+w f BC-UNIVERSAL-MEDICAL-&lt;UM   03-18 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL MEDICAL &lt;UMBIZ> JOINS NASDAQ SYSTEM</TITLE>
+<DATELINE>    MILWAUKEE, WIS., March 18 - </DATELINE><BODY>UIniversal Medical Buildings LP
+said its partnership units were admitted for trading on the
+NASDAQ National Market System.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11469" NEWID="6556">
+<DATE>18-MAR-1987 11:31:52.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8322&#31;reute
+u f BC-CHEMCLEAR-INC-&lt;CMCL>   03-18 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMCLEAR INC &lt;CMCL> TERMINATES MERGER TALKS</TITLE>
+<DATELINE>    WAYNE, Pa., March 18 - </DATELINE><BODY>ChemClear Inc said it terminated
+merger talks with Environmental Systems Co &lt;ESC>.
+    ChemClear said it was unable to reach agreement with
+Environmental, which was considering buying ChemClear.
+    ChemClear said it is considering other options, including
+other business combinations and financing through commercial
+lending and other financial institutions for internal
+expansion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11470" NEWID="6557">
+<DATE>18-MAR-1987 11:33:33.45</DATE>
+<TOPICS><D>silver</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f8332&#31;reute
+u f BC-/HANDY-AND-HARMAN-SEE   03-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANDY AND HARMAN SEES SUFFICIENT SILVER SUPPLIES</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>World stocks of silver are large
+enough to accommodate any changes in the supply-demand equation
+this year, with industrial consumption expected to again exceed
+mine production, the dealer house Handy and Harman said in its
+annual review of the silver market.
+    The house estimated that the industry last year withdrew
+20,000,000 ounces of silver from stocks to bridge a supply
+deficit caused by a consumption rate of 403,000,000 ounces and
+production level of 382,000,000 ounces.
+    However, world stocks are huge, totaling 2,267,900,000
+ounces at the end of 1986, it said.
+    The review noted that world industrial consumption has been
+on an uptrend since 1980, although offtake is still 14 pct
+below the 1978 level of 442,000,000 ounces.
+    Handy and Harman said 22,800,000 ounces of silver were used
+to produce coins last year, up from 12,700,000 ounces in 1985,
+with the demand getting a big boost from the production of U.S.
+coins, including the American Eagle.
+    It also said that in recent years Communist countries have
+increased their silver imports and estimated that China and
+East Germany alone took in 70,000,000 ounces of foreign silver
+in the last five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11471" NEWID="6558">
+<DATE>18-MAR-1987 11:33:52.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8334&#31;reute
+u f BC-SPANISH-POWER-COMPANY   03-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH POWER COMPANY FECSA MAY SUSPEND PAYMENTS</TITLE>
+<AUTHOR>    By Jules Stewart, Reuters</AUTHOR>
+<DATELINE>    MADRID, March 18 - </DATELINE><BODY>Spain's financially troubled power
+company &lt;Fuerzas Electricas de Cataluna S.A.> (FECSA) may
+suspend payments if it fails to reach agreement with creditors
+on renegotiating its 594 billion peseta debt, a company
+official said.
+    "We would only take this step in the event of a lack of
+co-operation on the part of our creditors," FECSA assistant
+general manager Jose Zaforteza told Reuters in a telephone
+interview. "It is unlikely they will refuse to renegotiate."
+    He said creditors would obtain a better deal by negotiating
+than under a suspension of payments.
+    FECSA is scheduled to begin formal talks with its creditors
+on April 6, and foreign banks holding some 184 billion pesetas
+of debt said they were angered over what they called a lack of
+information on the company's situation.
+    The spokesman for one U.S. Bank creditor said in reply to
+inquiries "It has been two months since we first detected signs
+of serious trouble at FECSA, and we still have no idea of how
+the company plans to restructure its finances."
+    The spokesman said no foreign bankers had been notified
+when FECSA yesterday, in an action unrelated to a possible
+total payments suspension, suspended payment on its debt
+principal.
+    FECSA's Zaforteza said, however, that telexes had been sent
+to creditors notifying them of the move, which he said was
+unavoidable.
+    He said the decision did not affect payment of interest on
+loans and debentures. FECSA faces repayment of 60 billion
+pesetas in interest and 30 billion on principal this year.
+    The U.S. Bank spokesman said foreign banks "were now more in
+the dark" than ever.
+    FECSA called for renegotiating its debt when the Madrid
+stock exchange on February 6 suspended trading in its shares, a
+move which officials said was meant to protect shareholders.
+    Zaforteza said the company will ask its creditors to switch
+old debt to new loans at lower interest rates, postpone
+interest payments and possibly convert some debt into shares.
+    Foreign bankers said they assumed the government was
+involved in the control and management of the electricity
+sector.
+    They added that lending policy toward the industry could be
+affected if the banks lost money in FECSA.
+    Foreign banking sources said they considered likely a fresh
+postponement of a 10 billion peseta Chase Manhattan Bank
+&lt;CMB.N> led syndicated loan to power company &lt;Hidrolectrica de
+Cataluna S.A.> (Hidruna).
+    The facility was scheduled to be signed in mid-February but
+was postponed when the bourse suspended FECSA's shares.
+    "We planned to sign this month but that looks unlikely under
+the present circumstances," a foreign banker said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11472" NEWID="6559">
+<DATE>18-MAR-1987 11:34:20.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8339&#31;reute
+r f BC-VISTA-CHEMICAL-&lt;VC>-S   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VISTA CHEMICAL &lt;VC> SEES YEAR NET HIGHER</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Vista Chemical co said it expects
+earnings for the year ending September 30 to be up
+substantially, but extensive planned downtime at two of its
+plants is expected to affect third quarter results.
+    It said it is looking at a number of financial options for
+increasing shareholder value but did not elaborate.
+    The company earned 30.2 mln dlrs or 1.66 dlrs per share
+before an extraordinary item in fiscal 1986.
+    Vista said sales for the year are expected to be
+"comparable" to fiscal 1986's 550.1 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11473" NEWID="6560">
+<DATE>18-MAR-1987 11:35:09.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8344&#31;reute
+r f BC-CONSOLIDATED-NATURAL   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED NATURAL GAS &lt;CNG> CREATES UNIT</TITLE>
+<DATELINE>    PITTSBURGH, March 18 - </DATELINE><BODY>Consolidated Natural Gas Co said it
+has received Securities and Exchange Commission approval to
+establish a wholly-owned gas marketing subsidiary.
+    The company said the unit - to be known as CNG Trading Co -
+will do business in six states: New York, Pennsylvania, Ohio,
+West Virgina, Louisiana and Texas.
+    The company said the subsidiary will enable it to maintain
+and increase gas sales and transport volume.
+    CNG Trading will assist customers in the pooling,
+transport, exchange, storage, and purchase of gas supplies, the
+company said.
+    Consolidated said customers' needs will be met from a wide
+range of low cost sources, including the stock market,
+independent producers and brokers, and Consolidated's producing
+affiliates - CNG Development Co of Pittsburgh, and CNG
+Producing Co based in New Orleans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11474" NEWID="6561">
+<DATE>18-MAR-1987 11:35:31.49</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8346&#31;reute
+r f BC-ARISTECH-&lt;ARS>-TO-INC   03-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARISTECH &lt;ARS> TO INCREASE PRODUCTION CAPACITY</TITLE>
+<DATELINE>    PITTSBURGH, March 18 - </DATELINE><BODY>Aristech Chemical Corp said it plans
+to increase production capacity for three of its key product
+lines: polypropylene, bisphenol-A and phenol.
+    Aristech said the polypropylene expansion involves a major
+modernization of its Neal, W. Va., polypropylene plant.
+    When completed, Aristech said, the project would increase
+the plant's annual production to 264 mln pounds from 165 mln
+pounds now.
+    Aristech said the expansion will increase the company's
+total polypropylene, a thermoplastic resin, capacity to 600 mln
+pounds annually from 515 mln pounds now.
+    Aristech also said it will expand bisphenol-A and phenol
+production at its Haverhill, Ohio plant.
+    It said the project will raise its bisphenol-A, which is
+used to make polycarbonate and epoxy reins, capacity to 192 mln
+pounds per year from 165 mln pounds now.
+    Aristech added that phenol production will increase to 610
+mln pounds per year from 585 mln pounds a year now.
+    Phenol is used to make phenolic resins and adhesives for
+engineering plastics, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11475" NEWID="6562">
+<DATE>18-MAR-1987 11:36:58.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8357&#31;reute
+d f BC-CAMCO-SIGNS-LETTER-OF   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMCO SIGNS LETTER OF INTENT FOR REED TOOL</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Pearson Plc &lt;PSON.L> said &lt;Camco Inc>,
+its 65.4 pct owned U.S. Oil and oil services subsidiary, signed
+a letter of intent covering Camco's purchase from Baker
+International Corp &lt;BKO.N> of substantially all the business of
+&lt;Reed Tool Co>.
+    Reed, a leading manufacturer of drilling bits, had sales
+for 1986 of around 76 mln dlrs.
+    The transaction is subject to negotiation of a definitive
+agreement approved by the Baker and Camco boards and by the
+U.S. Department of Justice, with which talks are already taking
+place concerning the combination of Baker and Hughes Tool.
+    Baker International has proposed a merger with Hughes Tool
+which could create a 1.2 billion dlr oilfield services company.
+    Pearson shares were down 4p to 567 after the announcement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11476" NEWID="6563">
+<DATE>18-MAR-1987 11:39:14.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8362&#31;reute
+d f BC-PENTAIR-&lt;PNTA>-OFFERS   03-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTAIR &lt;PNTA> OFFERS TWO MLN PREFERRED SHARES</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Pentair Inc is offering two mln shares
+of 1.50 dlrs cumulative convertible preferred stock for 25 dlrs
+a share, said underwriters Kidder Peabody and Co Inc and Piper
+Jaffray and Hopwood Inc.
+    The underwriters said the shares are convertible at any
+time into Pentair common stock at 38.875 dlrs a share, subject
+to adjustment.
+    Proceeds from the offering will be used to repay bank
+borrowings incurred in the acquisition of McNeil Corp in August
+1986, the underwriters noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11477" NEWID="6564">
+<DATE>18-MAR-1987 11:39:27.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8363&#31;reute
+d f BC-NAT'L-SAVINGS-BANK-&lt;N   03-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAT'L SAVINGS BANK &lt;NSBA> HIRES NEW PRESIDENT</TITLE>
+<DATELINE>    ALBANY, N.Y., March 18 - </DATELINE><BODY>National Savings Bank of Albany
+said Thomas P. Bilbao will join the company as President and
+Chief Executive officer next month.
+    He was fomerly a Senior Vice President for &lt;Goldome FSB>.
+    National Savings said Bilbao succeeds George O. Pfaff, who
+was elected chairman of the board and continues as chief
+executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11478" NEWID="6565">
+<DATE>18-MAR-1987 11:39:47.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8365&#31;reute
+d f BC-POLICY-MANAGEMENT-&lt;PM   03-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLICY MANAGEMENT &lt;PMSC> TO DEVELOP NEW SYSTEMS</TITLE>
+<DATELINE>    COLUMBIA, S.C., March 18 - </DATELINE><BODY>Policy Management Systems Corp
+said it has begun development of a new generation of systems
+that will be introduced in early 1988.
+    The provider of software to the insurance industry said the
+Series III systems will offer artificial intelligence and
+expert systems technology, intelligent workstations, image
+processing and other capabilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11479" NEWID="6566">
+<DATE>18-MAR-1987 11:39:53.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8366&#31;reute
+d f BC-ON-LINE-SOFTWARE-&lt;OSI   03-18 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ON-LINE SOFTWARE &lt;OSII> SETS CANADIAN VENTURE</TITLE>
+<DATELINE>    FORT LEE, N.J., March 18 - </DATELINE><BODY>On-Line Software International
+Inc said a Canadian venture equally owned with Nexa Corp,
+On-Line Software Canada Inc, began operating.
+    On-Line Software Canada will offer software products
+acquired from Martin Marietta Corp &lt;ML> last October and other
+On-Line products.
+    Nexa is a Canadian investment firm specializing in
+information technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11480" NEWID="6567">
+<DATE>18-MAR-1987 11:40:04.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8367&#31;reute
+d f BC-IRVING-BANK-&lt;V>-UNIT   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRVING BANK &lt;V> UNIT TO OPEN IN CALIFORNIA</TITLE>
+<DATELINE>    SAN FRANCISCO, March 18 - </DATELINE><BODY>Irving Bank Corp said a new
+subsidiary, called Irving Trust Co California, will begin
+operations tomorrow.
+    The unit, which will be headquartered here and have a
+branch in Los Angeles, will provide a full range of
+institutional and personal asset management services to
+companies, institutions and individuals throughout the state.
+    Richard Tinervin will be president and chief executive
+officer of the Californian unit. He has been managing Irving
+Trust Co's institutional investment management division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11481" NEWID="6568">
+<DATE>18-MAR-1987 11:40:11.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8369&#31;reute
+s f BC-FIRST-CONNECTICUT-&lt;FC   03-18 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CONNECTICUT &lt;FCO> SETS QUARTERLY PAYOUT</TITLE>
+<DATELINE>    BRIDGEPORT, Conn., March 18 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay April 24
+    Record April Three
+    NOTE: First Connecticut Small Business Investment Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11482" NEWID="6569">
+<DATE>18-MAR-1987 11:41:34.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f8373&#31;reute
+f f BC-******DOW-JONES-INDUS   03-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW JONES INDUSTRIALS SURPASSES 2300 LEVEL FOR FIRST TIME end of body
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11483" NEWID="6570">
+<DATE>18-MAR-1987 11:43:41.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8383&#31;reute
+u f BC-TEIKOKU-LAUNCHES-40-M   03-18 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEIKOKU LAUNCHES 40 MLN SWISS FRANC NOTES</TITLE>
+<DATELINE>    ZURICH, March 18 - </DATELINE><BODY>Teikoku Kako Co Ltd is launching 40 mln
+Swiss francs of five-year notes with warrants with a 1-1/2 pct
+indicated coupon, lead manager Credit Suisse said.
+    Terms will be set on March 24 with payment due April 23.
+    The notes are guaranteed by Dai-Ichi Kangyo Bank Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11484" NEWID="6571">
+<DATE>18-MAR-1987 11:44:39.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f8387&#31;reute
+d f BC-CHASE-MANHATTAN-&lt;CMB>   03-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHASE MANHATTAN &lt;CMB> OFFERS NEW MARKET ACCOUNT</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Chase Manhattan Corp said it
+introduced the Market Index Investment, a new deposit account
+that allows investors to take advantage of stock market gains
+without risk of principal loss.
+    Chase said the account offers the option of guaranteed
+interest rate, carries no commissions or fees, and is fully
+insured to 100,000 dlrs by the Federal Deposit Insurance Corp.
+    Interest earned on the Market Index Investment is based on
+any percentage increase in the Standard and Poor's index from
+the day the account begins to the day it matures, Chase said.
+    Customers can select terms of three, six, nine of 12
+months. The minimum deposit is 1,000 dlrs, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11485" NEWID="6572">
+<DATE>18-MAR-1987 11:45:35.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8391&#31;reute
+s f BC-STONE-AND-WEBSTER-INC   03-18 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STONE AND WEBSTER INC &lt;SW> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 18 -
+    </DATELINE><BODY>Qtly div 40 cts vs 40 cts prior
+    Pay May 15
+    Record April One
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11486" NEWID="6573">
+<DATE>18-MAR-1987 11:45:41.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8392&#31;reute
+d f BC-CREDO-PETROLEUM-CORP   03-18 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDO PETROLEUM CORP &lt;CRED> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    DENVER, March 18 -
+    </DATELINE><BODY>Shr profit one ct vs loss 27 cts
+    Net profit 22,000 vs loss 763,000
+    Revs 161,000 vs 316,000
+    NOTE: Prior year net includes 1,209,000 dlr writedown of
+oil properites and 314,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11487" NEWID="6574">
+<DATE>18-MAR-1987 11:48:08.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8399&#31;reute
+d f BC-METROMEDIA-CUTS-SOME   03-18 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROMEDIA CUTS SOME LONG DISTANCE PHONE RATES</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., March 18 - </DATELINE><BODY>&lt;Metromedia Co's>
+Metromedia Long Distance unit said it lowered interstate long
+distance rates for business customers by an average of 10 pct.
+    The cuts were effective March one.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11488" NEWID="6575">
+<DATE>18-MAR-1987 11:49:04.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8402&#31;reute
+r f BC-ATT-&lt;T>-SETS-PAYOUT-F   03-18 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> SETS PAYOUT FOR REGULAR DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 18 -
+    </DATELINE><BODY>Qtrly div 30 cts vs 30 cts prior
+    Pay May One
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11489" NEWID="6576">
+<DATE>18-MAR-1987 11:51:54.52</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uae</D><D>bahrain</D><D>oman</D><D>kuwait</D><D>qatar</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8407&#31;reute
+r f BC-GULF-ARAB-STATES-MOVE   03-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF ARAB STATES MOVE TOWARDS ECONOMIC INTEGRATION</TITLE>
+<DATELINE>    ABU DHABI, March 18 - </DATELINE><BODY>Finance and economy ministers of the
+six-nation Gulf Cooperation Council (GCC) have ended talks
+after adopting resolutions and recommendations aimed at
+boosting economic integration.
+    But the ministers from Bahrain, Kuwait, Oman, Qatar, Saudi
+Arabia and the United Arab Emirates (UAE) did not endorse a
+resolution on a common currency exchange rate system.
+    The UAE's Minister of State for Finance and Industry, Ahmed
+Humaid al-Tayer, told reporters after the two-day talks that
+the ministers referred the issue back to GCC central bank
+governors for further discussion.
+    He said the governors, who agreed in January on a proposed
+denominator on which the six currencies should be based, were
+asked to resubmit the recommendation before July, when finance
+ministers were due to meet in Saudi Arabia.
+    Bankers said the central bank governors would meet soon to
+discuss the issue, adding there was a possibility that a new
+system could be submitted for final approval to a GCC summit
+conference scheduled to be held in Saudi Arabia late this year.
+    The denominator approved by the governors has not been made
+public, but banking sources said it could be similar to the
+European Monetary System (EMS).
+    Tayer said the ministers agreed in principle to allow GCC
+citizens to set up businesses and work in any member state.
+They also agreed in principle on a recommendation for citizens
+to buy and own shares of GCC shareholding firms.
+    He said the ministers discussed a report on imported goods
+containing radiation caused by last year's Chernobyl nuclear
+disaster in the Soviet Union, and agreed all products with
+excessive levels should be returned to the country of origin.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11490" NEWID="6577">
+<DATE>18-MAR-1987 11:55:41.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8421&#31;reute
+u f BC-HARTFORD-STEAM-&lt;HBOL>   03-18 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARTFORD STEAM &lt;HBOL> SETS SPLIT, DIVIDEND HIKE</TITLE>
+<DATELINE>    HARTFORD, Conn., March 18 - </DATELINE><BODY>Hartford Steam Boiler
+Inspection and Insurance Co said its board declared a
+two-for-one stock split and raised the quarterly dividend to 25
+cts postsplit from 20 cts, both payable April 30 to holders of
+record April 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11491" NEWID="6578">
+<DATE>18-MAR-1987 11:57:00.31</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f8426&#31;reute
+d f BC-DOE-SECRETARY-FAVORS   03-18 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOE SECRETARY FAVORS HIGHER SPR FILL RATE</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Energy Secretary John Herrington
+said he believes the Reagan Administration will review its
+decision to cut the fill rate of the Strategic Petroleum
+Reserve because of a department report issued yesterday warning
+of growing U.S. dependence on oil imports.
+    "As part of this study, I think the Administration will
+take the fill rate under review," Herrington said at a House
+Energy subcommittee hearing.
+    The Administration has proposed cutting the fill rate from
+75,000 barrels of oil per day to 35,000 bpd in fiscal year 1988
+to save money.
+    "My personal feeling is that is too low. I favor the
+maximum fill rate (of 100,000 bpd)," Herrington said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11492" NEWID="6579">
+<DATE>18-MAR-1987 11:58:29.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f8430&#31;reute
+f f BC-******AMERICAN-EXPRES   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS TO CONVERT 100 MLN DLR MEXICO DEBT TO EQUITY INVESTMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11493" NEWID="6580">
+<DATE>18-MAR-1987 11:58:38.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f8431&#31;reute
+r f BC-PELL-CALLS-FOR-TRANSP   03-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PELL CALLS FOR TRANSPORTATION BONDS</TITLE>
+<DATELINE>  WASHINGTON, March 18 - </DATELINE><BODY>Rhode Island Democratic Sen. Claiborne
+Pell introduced legislation to permit eight states along the
+northeast corridor to sell tax-exempt transportation bonds to
+improve high speed rail service.
+    His legislation, which also rejects President Reagan's call
+to sell the Amtrak rail line, would affect the states of
+Massachusetts, Rhode Island, Connecticut, New York,
+Pennsylvania, New Jersey, Delaware and Maryland.
+    His plan is an outgrowth of a study by a coalition of
+northeast governors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11494" NEWID="6581">
+<DATE>18-MAR-1987 11:59:59.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f8433&#31;reute
+u f BC-CONT'L-ILLINOIS-&lt;CIL>   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONT'L ILLINOIS &lt;CIL> SEES IMPACT FROM TAX REFORM</TITLE>
+<DATELINE>    CHICAGO, March 18 - </DATELINE><BODY>The Tax Reform Act of 1986 will have a
+substantial impact on Continental Illinois Corp, the company's
+annual report says.
+    One provision repeals the reserve method of providing for
+bad debts for banks with over 500 mln dlrs in assets and
+requires that tax loan loss reserves taken in the past, be
+restored to current earnings status, it said.
+    As a result, those amounts will be subject to federal
+taxes, it said. No amounts were disclosed.
+    Continental said it decided to deal with this change "in
+its entirety" in 1987.
+    Tax reform will also change foreign tax credit limitation
+rules, and although the impact will not be material in the
+short term, the Act will require, for the first time, that
+income from certain foreign subsidiaries be taxable, the report
+said.
+    The new legislation also reduces existing tax credits by
+17.5 pct in 1987 and 35 pct in 1988 and later years, it said.
+    Continental's investment tax credits carryforwards of 12.8
+mln dlrs at 1986 year end will be reduced to 10.6 mln dlrs in
+1987 and, if not used in 1987, to 8.3 mln dlrs in 1988, it
+said.
+    Another provision of the Act could result in limiting the
+use of tax credits if a change in ownership of Continental
+takes place, the report said.
+    This could happen if the Federal Deposit Insurance Corp
+sells enough shares of Continental's common stock over the next
+two years to cause a change in ownership, it noted.
+    In December, the FDIC sold about one-third of its junior
+convertible preference stock in Continental to the public in
+the form of common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11495" NEWID="6582">
+<DATE>18-MAR-1987 12:00:10.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8434&#31;reute
+f f BC-******AMERICAN-TELEPH   03-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN TELEPHONE AND TELEGRAPH TO REDEEM 15.5 MLN PFD SHARES FOR 775 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11496" NEWID="6583">
+<DATE>18-MAR-1987 12:03:30.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8447&#31;reute
+u f BC-OESTERREICHISCHE-LAEN   03-18 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OESTERREICHISCHE LAENDERBANK AG [OLBV.VI] 1986</TITLE>
+<DATELINE>    VIENNA, March 18 -
+    </DATELINE><BODY>Parent bank net profit 181.5 mln schillings vs 135.1 mln
+    Parent bank balance sheet total 197.7 billion vs 182.2
+billion
+    Parent bank cash flow 877.4 mln vs 715.5 mln
+    Dividend 12 pct vs 10 pct on nominal share capital of 1.5
+billion vs 1.35 billion.
+    Cons banking gp balance sheet total 239.7 billion vs 227.3
+billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11497" NEWID="6584">
+<DATE>18-MAR-1987 12:03:35.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8448&#31;reute
+f f BC-******NL-INDUSTRIES-I   03-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NL INDUSTRIES INC 4TH QTR SHR LOSS 28 CTS VS PROFIT SEVEN CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11498" NEWID="6585">
+<DATE>18-MAR-1987 12:03:57.53</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f8450&#31;reute
+u f BC-EC-OILS-TAX,-CANADA-C   03-18 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC OILS TAX, CANADA CORN RULING OPPOSED BY PANEL</TITLE>
+<DATELINE>    WASHINGTON, MARCH 18 - </DATELINE><BODY>The U.S. Senate Finance Committee
+approved nonbinding resolutions urging the Reagan
+administration oppose Canada's ruling on U.S corn imports and a
+proposed new European Community tax on vegetable oils.
+    The resolutions, approved by voice vote, now will be sent
+to the Senate floor were they are expected to be approved.
+    The EC oils measure, offered by Sen. John Danforth, R-Mo.,
+urges the administration to take strong retaliatory measures if
+the tax is approved by the EC Council of Ministers.
+    Sen. David Durenberger, R-Minn., offered the corn amendment
+which urges the administration to file a complaint with the
+GATT if the U.S. believes the corn decision by Canada was
+unjustified. Canada recently imposed a permanent duty of 85
+cents per bushel on U.S. corn imports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11499" NEWID="6586">
+<DATE>18-MAR-1987 12:05:14.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8460&#31;reute
+u f BC-FHLMC-&lt;FREPR>-4TH-QTR   03-18 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLMC &lt;FREPR> 4TH QTR NET</TITLE>
+<DATELINE>    WASHINGTON, March 18 -
+    </DATELINE><BODY>net 65 mln vs 57 mln
+    year
+    shr preferred 14.87 dlrs vs 12.51 dlrs
+    shr common 236.77 dlrs vs 197.40 dlrs
+    net 247 mln vs 208 mln
+    NOTE: Federal Home Loan Mortgage Corp. FHLMC had 14,998,210
+preferred shares outstanding in 1986 vs 14,998,379 in 1985,
+owned by about 3,000 member institutions of the 12 Federal Home
+Loan Banks. FHLMC also has 100,000 shares of common, owned by
+the Home Loan Banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11500" NEWID="6587">
+<DATE>18-MAR-1987 12:07:00.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8473&#31;reute
+u f BC-FAA-ADMINISTRATOR-ENG   03-18 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAA ADMINISTRATOR ENGEN TO RESIGN IN JULY</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Federal Aviation Administration
+chief Donald Engen said he plans to leave the government in
+July.
+    Engen, 62, has been FAA administrator for the past three
+years.
+    Before that, he was a member of the National Transportation
+Safety Board. Prior to his service there, he  had been in the
+U.S. Navy 36 years, reaching the rank of admiral.
+    A spokesman said Engen had no specific plans after his
+resignation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11501" NEWID="6588">
+<DATE>18-MAR-1987 12:07:59.31</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f8477&#31;reute
+u f BC-/U.S.-CORN-MARKET-SKE   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORN MARKET SKEWED BY SOVIET BUYING</TITLE>
+<AUTHOR>    By Andrew Stern, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 18 - </DATELINE><BODY>Recent purchases of U.S. corn by the
+Soviet Union have skewed the domestic cash market by increasing
+the price difference between the premium price paid at the Gulf
+export point and interior levels, cash grain dealers said.
+    Many dealers expect the USDA will act soon to reduce the
+cash price premium at the Gulf versus the interior -- which a
+dealer in Davenport, Iowa, said was roughly 20 pct wider than
+normal for this time of year at 25 cents a bushel -- by making
+it worthwhile for farmers to move grain.
+    By lowering ASCS county posted prices for corn, the USDA
+could encourage farmers to engage in PIK and roll corn sales,
+where PIK certificates are used to redeem corn stored under the
+government price support loan program and then marketed.
+    If the USDA acts soon, as many dealers expect, the movement
+would break the Gulf corn basis.
+    "The USDA has been using the Gulf price to determine county
+posted prices," one dealer said. "It should be taking the
+average of the Gulf price and the price in Kansas City," which
+would more closely reflect the lower prices in the interior
+Midwest.
+    "But we don't know when they might do it," an Ohio dealer
+said, which has created uncertainty in the market.
+    The USDA started the PIK certificate program in an effort
+to free up surplus grain that otherwise would be forfeited to
+the government and remain off the market and in storage.
+    Yesterday, USDA issued a report showing that only slightly
+more than 50 pct of the 3.85 billion dlrs in PIK certificates
+it has issued to farmers (in lieu of cash payments) had to date
+been exchanged for grain.
+    With several billion dlrs worth of additional PIK
+certificates scheduled to be issued in the coming months, the
+USDA would be well advised to encourage the exchange for grain
+by adjusting the ASCS prices, cash grain dealers said.
+    A byproduct of the Soviet buying has been a sharp rise in
+barge freight costs quoted for carrying grain from the Midwest
+to the export terminals, cash dealers said.
+    Freight from upper areas of the Mississippi have risen
+nearly 50 pct in the past two weeks to over 150 pct of the
+original tariff price. The mild winter and early reopening of
+the mid-Mississippi river this spring have also encouraged the
+firmer trend in barge freight, dealers noted.
+    The higher transportation costs have served to depress
+interior corn basis levels, squeezing the margins obtained by
+the elevators feeding the Gulf export market as well as
+discouraging farmer marketings, they said.
+    "The Gulf market overreacted to the Soviet buying reports,"
+which indicate the USSR has booked over two and perhaps as much
+as 4.0 mln tonnes of U.S. corn, one Midwest cash grain trader
+said.
+    But dealers anticipate that once the rumors subside,
+freight rates will settle back down because of the overall
+surplus of barges on the Midwest river system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11502" NEWID="6589">
+<DATE>18-MAR-1987 12:08:14.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f8478&#31;reute
+b f AM-REAGAN   03-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PANELS AGREE ON IMMUNITY IN IRAN AFFAIR</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Senate and House investigators into
+the Iran arms scandal agreed to grant limited immunity to
+obtain the testimony of key witnesses and to combine their
+planned hearings.
+    Chairmen of the separate Senate and House select Iran
+committees told a news conference they would accede to a
+request from special prosecutor Lawrence Walsh and hold off for
+90 days before hearing testimony from Oliver North and John
+Poindexter, two former White House aides who played leading
+roles in the secret arms deal.
+    Lee Hamilton, chairman of the House committee, and Daniel
+Inoyue, chairman of the Senate panel, also said they would "meld"
+their separate investigations, a move that will speed up
+congressional hearings into the affair.
+    One member predicted Congress now would be able to finish
+its work by Labor Day in early September.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11503" NEWID="6590">
+<DATE>18-MAR-1987 12:10:34.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8495&#31;reute
+u f BC-HRE-PROPERTIES-&lt;HRE>   03-18 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HRE PROPERTIES &lt;HRE> CUTS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>HRE Properties said its board cut the
+quarterly dividend to 45 cts per share from 57 cts, payable
+April 20 to holders of record March 31.
+    HRE said the board reduced the dividend due to the
+continuing impact of overbuilding in its office building
+markets and its inability to replace the income from high
+yielding investments that have matured.
+    HRE said in the first quarter ended January 31 it earned 38
+cts per share, down from 47 cts a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11504" NEWID="6591">
+<DATE>18-MAR-1987 12:11:54.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8512&#31;reute
+u f BC-HORN-AND-HARDART-CO-&lt;   03-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HORN AND HARDART CO &lt;HOR> 4TH QTR NET</TITLE>
+<DATELINE>    LAS VEGAS, March 18 -
+    </DATELINE><BODY>Shr 1.27 dlrs vs two cts
+    Net 18.8 mln vs 357,000
+    Revs 126.0 mln vs 98.5 mln
+    Avg shrs 14.7 mln vs 12.0 mln
+    Year
+    Shr loss 2.17 dlrs vs loss 65 cts
+    Net loss 28.4 mln vs loss 7,225,000
+    Revs 405.0 mln vs 356.2 mln
+    Avg shrs 13.1 mln vs 12.2 mln
+    NOTE: 1986 net both periods includes 15.0 mln dlr gain from
+sale of real estate.
+    1986 year net includes charge 34.0 mln dlrs from
+restructuring of Bojangles' restaurant unit and charge
+4,090,000 dlrs from exchange of notes for common stock.
+    1985 year net includes charge 6,900,000 dlrs related to
+foodservice unit and gain 2,400,000 dlrs from sale of
+marketable securities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11505" NEWID="6592">
+<DATE>18-MAR-1987 12:12:10.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8514&#31;reute
+u f BC-NL-INDUSTRIES-INC-&lt;NL   03-18 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NL INDUSTRIES INC &lt;NL> 4TH QTR DEC 31 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 18 -
+    </DATELINE><BODY>Shr loss 28 cts vs profit seven cts
+    Net loss 10.7 mln vs profit 5,188,000
+    Sales 119.3 mln vs 216.1 mln
+    Year
+    Shr loss 5.80 dlrs vs profit 30 cts
+    Net loss 324.2 mln vs profit 21.5 mln
+    Sales 549.3 mln vs 859.1 mln
+    NOTE: Share after preferred dividends.
+    NOTE: In July 1986, company set a dividend on Series C
+preferred, effecting a spin-off of its chemical operations.
+They unit has been accounted for as a discontinued operation.
+    Fourth quarter and full year 1986 reflect non-recurring
+charges from change in control at company. Fourth quarter 1986
+also reflects writeoff of 20.7 mln dlrs of goodwill.
+    Full year 1986 includes a charge of 224.6 mln dlrs taken in
+the second quarter for asset revaluation and restructuring
+costs.
+    In fourth quarter 1986, reversion of pension plan surplus
+assets completed. Fourth quarter and full year 1986 includes
+net income of 81.5 mln dlrs or 1.34 dlrs a share.
+    Company also gained 2.4 mln dlrs or four cts a share in
+fourth quarter 1986, and 15.9 mln dlrs or 26 cts a share in
+full year 1986, from adoption of accounting rule SFAS 87.
+    In fourth quarter 1986, company also adjusted carrying
+value of non-chemicals discontinued operations assets leading
+to charge of 15.6 mln dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11506" NEWID="6593">
+<DATE>18-MAR-1987 12:14:17.19</DATE>
+<TOPICS><D>gnp</D><D>trade</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8531&#31;reute
+r f BC-GERMAN-RESEARCH-INSTI   03-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN RESEARCH INSTITUTE LOWERS GROWTH FORECAST</TITLE>
+<DATELINE>    WEST BERLIN, March 18 - </DATELINE><BODY>The DIW economic research institute
+said West German economic growth in 1987 is unlikely to reach
+the 1.5 pct rate it had forecast earlier this year.
+    The institute, whose forecasts are more pessimistic than
+those of the other four leading German institutes, said the
+economy had passed its peak in the summer of 1986, and its
+prospects had dimmed significantly since the autumn.
+    The DIW repeated earlier predictions that gross national
+product (GNP) in the first quarter of 1987 would contract in
+real, seasonally adjusted terms against the weak final quarter
+of last year. 
+    The DIW said that even if the economy recovers in the
+remaining three quarters, it was unlikely that demand and
+production would rise strongly enough to bring GNP growth up to
+1.5 pct.
+    Other institutes and economists have recently revised their
+forecasts for German 1987 growth to around two pct.
+    In a report DIW disputed arguments by other economists that
+the economy was showing mixed development, with domestic demand
+healthy but foreign demand weak.
+    DIW said the crucial split was between weak demand for
+capital goods, and strong demand for buildings and consumer
+goods, not between foreign and domestic demand.
+    It noted that domestic demand for capital goods had been
+hit in recent months by the weakness of exports, which had
+caused West German firms to scale back investment plans.
+    Service industries, unlike manufacturing industry, were
+continuing to do well because they relied on consumer demand,
+it said.
+    In a separate report the HWWA economic research institute
+in Hamburg said West Germany's real trade surplus would fall
+markedly this year.
+    However, the nominal trade surplus would show little change
+from 1986's record 112.2 billion marks because of a further
+improvement in the terms of trade on average in 1987 compared
+with 1986, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11507" NEWID="6594">
+<DATE>18-MAR-1987 12:15:36.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8540&#31;reute
+r f BC-(CORRECTED)---UNIVERS   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED) - UNIVERSITY PATENTS INC&lt;UPT> 2ND QTR</TITLE>
+<DATELINE>    WESTPORT, Conn., March 18 - </DATELINE><BODY>Qtr ends Jan 31
+    Oper shr loss 24 cts vs loss 19 cts
+    Oper loss 1,096,332 vs loss 794,711
+    Revs 803,085 vs 442,420
+    Six mths
+    Oper shr loss 53 cts vs loss 43 cts
+    Oper loss 2,375,844 vs loss 1,741,437
+    Revs 1,471,257 vs 768,683
+    NOTE: Prior year excludes losses from discontinued
+operations of 13 cts per share in the quarter and 17 cts per
+share in the year. (Corrects March 17 item to show losses
+instead of profits. Also corrects quarter loss from
+discontinued operations.)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11508" NEWID="6595">
+<DATE>18-MAR-1987 12:16:42.17</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D><D>costa-rica</D><D>honduras</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f8549&#31;reute
+u f BC-/N.Y.-TRADERS-SAY-LAT   03-18 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. TRADERS SAY LATIN COFFEE PRODUCERS TO MEET</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Several traders and analysts here told
+Reuters Latin American coffee producers will meet this weekend
+in Managua, Nicaragua. The purpose, they said, is to review the
+breakdown of International Coffee Organization quota talks last
+month and try to formulate a unified position ahead of possible
+future negotiations.
+    Two traders, who asked not to be named, said separately
+Brazil is expected to attend the meeting along with most or all
+of the Central American producers. The Central American
+attendees would include Costa Rica and Honduras, who were part
+of a minority producer group at the February talks that opposed
+Brazil's position, they said.
+    Another source, also requesting anonymity, said Colombia
+probably will not attend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11509" NEWID="6596">
+<DATE>18-MAR-1987 12:16:51.63</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8550&#31;reute
+r f BC-PERU-HAS-FIRST-TRADE   03-18 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU HAS FIRST TRADE DEFICIT IN FOUR YEARS</TITLE>
+<DATELINE>    LIMA, March 18 - </DATELINE><BODY>Peru registered a 16 mln dlr trade deficit
+in 1986, its first trade shortfall in four years, a central
+bank statement said.
+    The figure compared with a surpluses of 1.17 billion dlrs
+in 1985, 1.01 billion in 1984 and 293 mln in 1983. The last
+trade deficit was a 428 mln shortfall in 1982.
+    Peru's exports fell to 2.51 billion dlrs last year from
+2.98 billion in 1985. Last year's imports were 2.53 billion
+dlrs against 1.81 billion dlrs in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11510" NEWID="6597">
+<DATE>18-MAR-1987 12:17:23.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8554&#31;reute
+r f BC-CRAFTMATIC/CONTOUR-&lt;C   03-18 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAFTMATIC/CONTOUR &lt;CRCC> SEES HIGHER PROFITS</TITLE>
+<DATELINE>    TREVOSE, Pa, March 18 - </DATELINE><BODY>Craftmatic/Contour Industries Inc
+said it would report substantial profits for the first quarter
+of fiscal 1987 ending March 31.
+    The company recorded net income of 732,000 dlrs, or 22 cts
+per share, on revenues of 10.2 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11511" NEWID="6598">
+<DATE>18-MAR-1987 12:17:34.90</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f8556&#31;reute
+d f BC-U.S.-OIL-TAX-BREAK-PR   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OIL TAX BREAK PROPOSAL TO BE EXAMINED</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The White House said a proposal for
+a tax break for the oil industry would undergo review.
+    Spokesman Marlin Fitzwater said President Reagan had no
+position on recommendations submitted by Energy Secretary John
+Herrington to encourage investment in the hard hit domestic oil
+industry.
+    But Fitzwater noted that Reagan did have a fundamental
+objection to tax rises and special tax breaks.
+    He said that even though Herrington's recommendation did
+not agree with existing policy, "We'll take a look at it."
+    The review will be undertaken by the president's Domestic
+Policy Council.
+    Herrington's proposal was reported by the Washington Post
+to have been made in a letter to Reagan submitting a study that
+found the United States would be importing half of its oil by
+the 1990s, threatening U.S. national security.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11512" NEWID="6599">
+<DATE>18-MAR-1987 12:18:01.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8560&#31;reute
+r f BC-GM'S-&lt;GM>-PONTIAC-EXP   03-18 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM'S &lt;GM> PONTIAC EXPANDS OPTION BONUS PROGRAM</TITLE>
+<DATELINE>    PONTIAC, MICH., March 18 - </DATELINE><BODY>General Motors Corp's Pontiac
+said it expanded its current "Option Bonus" program, adding a
+1,200 dlr rebate on all new and unused 1986 Fiero models, an
+increased savings of 700 dlrs added to the existing 1986 Fiero
+rebate of 500 dlrs.
+    Under the "Option Bonus" program, which is in effect
+through April 30, customers can receive the 1,200 dlrs in a
+check directly from Pontiac or apply the rebate amount to the
+down payment on the car.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11513" NEWID="6600">
+<DATE>18-MAR-1987 12:18:57.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f8564&#31;reute
+u f BC-UK-MINISTER-SAYS-FARM   03-18 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK MINISTER SAYS FARM TALKS CAN USE OECD STUDY</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>U.K. Agriculture Minister Michael
+Jopling said an OECD study which calculates the level of
+domestic farm subsidies in industrial countries would be a good
+basis for global agriculture negotiations now underway.
+    The controversial study, which has not yet been released by
+the Paris-based OECD, has calculated a measure of farm
+subsidies called the the Producer Subsidy Equivalent, PSE, OECD
+sources in Paris said last month.
+    Jopling, in a speech to the Commodity Club yesterday,
+suggested the PSE be refined as a starting point for reducing
+domestic farm policies during the Uruguay round of trade
+negotiations begun under the world trade agreement GATT.
+    The OECD study shows that there are few countries which do
+not significantly subsidize farmers, Jopling said.
+    The OECD study attempts to measure all farm subsidies for
+the years 1979 through 1981.
+    Jopling qualified his endorsement of the PSE as a
+negotiating tool, however, by saying the European Community
+would want "credit" in the negotiations for recent actions
+taken to reform the Common Agricultural Policy.
+    Representatives of other industrial countries told Reuters
+they are more skeptical than the U.K. about the PSE concept.
+    An Australian trade official said Canberra has "grave
+technical reservations" about the use of the PSE calculations.
+U.S. officials said there are several shortcomings to the study
+including the necessity to update the calculations to reflect
+recent changes in farm programs worldwide.
+    The officials said the study may be released in May.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11514" NEWID="6601">
+<DATE>18-MAR-1987 12:19:11.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8565&#31;reute
+r f BC-WESTERN-SAVINGS-AND-L   03-18 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN SAVINGS AND LOAN &lt;WSL> 4TH QTR LOSS</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 18 -
+    </DATELINE><BODY>Shr loss 48 cts vs profit 77 cts
+    Net loss 3,923,000 vs profit 11,551,000
+    Year
+    Shr profit 1.80 dlrs vs profit 2.32 dlrs
+    Net profit 30,171,000 vs profit 36,667,000
+    Loans 3.38 billion vs 3.17 billion
+    Deposits 3.81 billion vs 3.28 billion
+    Assets 5.55 billion vs 4.78 billion
+    Note: Full name Western Savings and Loan Association.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11515" NEWID="6602">
+<DATE>18-MAR-1987 12:20:00.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8568&#31;reute
+h f BC-BOEING-SAYS-NO-"GIVE-   03-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING&lt;BA> SAYS NO "GIVE-AWAYS" FOR AWACS OFFSET</TITLE>
+<DATELINE>    PARIS, March 18 - </DATELINE><BODY>An official of Boeing Co said the company
+would not be handing out any "give-away" deals under its
+commitment to provide business worth 4.4 billion francs to
+French firms over eight years.
+    The U.S. Aircraft maker agreed last month to grant
+so-called "offset" contracts equivalent to 130 pct of the cost of
+France's purchase of three AWACS radar early warning planes.
+    "I would like to stress the need for competitiveness," said
+Lee Hessler, Business Manager for Boeing Aerospace Co's
+Information Systems Division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11516" NEWID="6603">
+<DATE>18-MAR-1987 12:20:15.12</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8569&#31;reute
+u f BC-FRANCE-ANNOUNCES-PLAN   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE ANNOUNCES PLAN TO BOOST EMPLOYMENT</TITLE>
+<DATELINE>    PARIS, March 18 - </DATELINE><BODY>The government announced a three billion
+franc program to combat long-term unemployment amid speculation
+among political and economic analysts that it is positioning
+itself for a period of economic reflation.
+    The package presented to the cabinet of Prime Minister
+Jacques Chirac by Social Affairs and Labour Minister Philippe
+Seguin today is to be financed out of a 7.5 billion franc
+contingency fund announced on February 25.
+    Finance Minister Edouard Balladur previously ruled out a
+reflationary program.
+    Long-term unemployment, defined as being out of work for
+more than one year, affects about 830,000 people or one third
+of French unemployed, government figures show.
+    The main measures of the employment program give employers
+financial incentives to offer short-term work contracts of at
+least two years and stress retraining to help the long-term
+unemployed return to the labour market.
+    Training subsidies and exemptions from social security
+contributions are the main incentives for employers.
+    "Companies tell us that we have to give them a strong
+incentive to take on people who have fallen out of the labour
+market and that's why the proposals...Are costly," an aide to
+Seguin said.
+    The analysts said speculation the government is considering
+a reflationary program was sparked by Chirac spokesman Denis
+Baudouin, who said yesterday that ministers were generally
+agreed on the desirability of relaunching the economy.
+    He appeared to contradict statements by Balladur ruling out
+economic stimulation despite the government's revision of its
+1987 growth forecast to about 2.0 pct from 2.8.
+    Finance ministry officials later clarified Baudouin's
+remarks, saying there was no question of any move to stimulate
+the economy through a boost to consumer spending although
+government policy allowed for increased industrial investment
+from the proceeds of France's five-year privatisation plan.
+    The 1987 budget allowed for 30 billion francs in revenue
+from privatisation, to be split between repaying national debt
+and providing state enterprises with fresh capital.
+    Some political analysts said Baudouin's comments possibly
+reflect widening differences within the RPR-UDF coalition on
+social issues ahead of next year's presidential elections.
+     Divisions began to show last December, when a wave of
+strikes led by transport workers paralysed the country and
+drove the government into a new mood of conciliation with
+labour.
+     Officials said that after the success of the privatisation
+of Cie de Saint Gobain &lt;SGEP.PA> and Cie Financiere de Paribas
+&lt;PARI.PA> the government had decided to speed up its five-year
+privatisation program with the aim of completing a third of it
+this year, ahead of the presidential elections expected in
+1988.
+    The accelerated program could provide additional unbudgeted
+revenue to boost industrial and research investment and
+spending on infrastructure such as the national motorway
+network.
+   The government also today revived a proposal, blocked last
+year by Socialist president Francois Mitterrand, to encourage
+more flexible working hours, which it says will boost jobs by
+improving the competitiveness of French industry.
+    The proposals allowing night-shift work by women and
+variations in the standard 39-hour working week are to be put
+to parliament as a self-contained draft bill after being vetoed
+for procedural reasons by Mitterrand and later the Council of
+State.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11517" NEWID="6604">
+<DATE>18-MAR-1987 12:22:19.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f8578&#31;reute
+u f BC-AIR-CANADA-TO-ACQUIRE   03-18 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR CANADA TO ACQUIRE CALGARY COURIER COMPANY</TITLE>
+<DATELINE>    MONTREAL, March 18 - </DATELINE><BODY>Air Canada, the state-owned airline,
+said it signed a letter of intent to acquire 65 pct of EMS
+Corp, a Calgary-based messenger service which operates in
+Western Canada and the U.S..
+    Gelco Corp (GEL) earlier said Air Canada agreed to buy its
+Canadian Gelco Express Ltd unit for 54 mln U.S. dlrs.
+    Air Canada said the acquisitions will complement its main
+cargo business. It said it expects the courier market to grow
+by about 25 to 30 pct a year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11518" NEWID="6605">
+<DATE>18-MAR-1987 12:23:39.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8582&#31;reute
+b f BC-/ATT-&lt;T>-TO-REDEEM-15   03-18 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> TO REDEEM 15.5 MLN PREFERRED SHARES</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>American Telephone and Telegraph said
+that, effective May 1, it will spend 775 mln dlrs to redeem 
+15.5 mln shares of the outstanding 16.7 mln shares in two
+publicly held preferred stock issues.
+    The two issues have a stated value of 50 dlrs per share and
+pay 3.64 dlrs and 3.74 dlrs in annual dividends, respectively,
+ATT said, adding it will redeem 7.9 mln shares of its 3.64 dlrs
+pfd stock and 7.6 mln shares of its 3.74 dlrs pfd stock.
+    ATT's corporate vice president and treasurer S. Lawrence
+Prendergast said ATT expects to finance the redemption with
+cash.
+    "The redemption is part of our continuing efforts to reduce
+ATT's financial risk," Predergast said. "In 1986 we reduced our
+outstanding debt and preferred stock by a total of 1.6 billion
+dlrs. As a result our annual fixed charges were reduced by
+almost 200 mln dlrs and our ability to service our existing
+debt was strengthened."
+    The May one preferred stock redemption will save about 50
+mln dlrs in dividends annually and will bring ATT's total debt
+and preferred stock reduction to more than 2.5 billion dlrs
+since the beginning of 1986, Predergast said.
+    ATT said it is required by the issues' terms to redeem
+300,000 shares each year as well as providing for the optional
+redemption of additional shares.
+    The company said it will redeem 600,000 shares of the 3.64
+dlrs preferred issue for 50 dlrs per share and 7.3 mln shares
+of the issue for 50 dlrs per share plus a premium of 2.18 dlrs
+per share.
+    ATT said it will redeem each of the 3.74 dlrs preferred
+shares 50 dlrs a share plus a premium of 2.35 dlrs a share.
+    After the redemption, 600,000 shares of each issue will
+remain outstanding, ATT said.
+    ATT said it will select the redeemable shares by lot
+according to the issues' terms, adding that the record date for
+determining the redeemable shares will be March 26, 1987.
+    The company said it will pay the May 1 dividend for all
+preferred shares, including those being redeemed, in a normal
+way to shareholders of record as of March 31, 1987.
+    ATT said no transfer of the shares being called for
+redemption will be made after March 26, 1987 and the transfer
+books will close for those shares on that date.
+    American Transtech Inc, the paying agent for the shares, 
+will send notices of the redemption on March 30 to the
+preferred shareholders who were selected by lot, ATT said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11519" NEWID="6606">
+<DATE>18-MAR-1987 12:24:35.02</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f8583&#31;reute
+r f BC-DOE-SECRETARY-PROPOSE   03-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S ENERGY SECRETARY PROPOSES OIL TAX INCENTIVES</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Energy Secretary John Herrington
+said he will propose tax incentives to increase domestic oil
+and natural gas exploration and production to the Reagan
+Administration for consideration.
+    "These options boost production, while avoiding the huge
+costs associated with proposals like an oil import fee,"
+Herrington told a House Energy subcommittee hearing. "It is my
+intention to submit these proposals to the domestic policy
+council and the cabinet for consideration and review."
+    He said proposals, including an increase in the oil
+depletion allowance and repeal of the windfall profits tax,
+should be revenue neutral and promote domestic production at
+the least cost to the economy and the taxpayers.
+    "The goal of the Administration policies is to increase
+domestic production. I would like to shoot for one mln barrels
+a year."
+    The proposals were based on a DOE study released yesterday
+warning the United States was threatened by a growing
+dependence on oil imports.
+    "We project free world dependence on Persian Gulf oil at 65
+pct by 1995," Herrington said.
+    He said it was too soon to say what the Administration
+policy on oil tax incentives would be and indicated there would
+be opposition to tax changes.
+    "Of course, to move forward with these kinds of options
+would require reopening tax issues settled last year (in the
+tax reform bill) -- an approach which has not, in general, been
+favored by the administration. I think what we need is to
+debate this within the Administration," he said.
+    He said the proposals might raise gasoline prices.
+    Herrington did not specifically confirm a report in today's
+Washington Post that he had written to President Reagan urging
+an increase in the oil depletion allowance.
+    Asked about the report by subcommittee members, Herrington
+said various proposals were under consideration and would be
+debated within the Administration to determine which would have
+the most benefits at the least cost.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11520" NEWID="6607">
+<DATE>18-MAR-1987 12:27:41.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8597&#31;reute
+b f BC-******MAY-DEPARTMENT   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MAY DEPARTMENT STORES CO RAISES DIVIDEND TO 28-1/2 CTS FROM 26 CTS A SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11521" NEWID="6608">
+<DATE>18-MAR-1987 12:28:43.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8601&#31;reute
+r f BC-WELLCOME-FALLS-ON-BRI   03-18 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELLCOME FALLS ON BRISTOL-MYERS AIDS DRUG REPORT</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Shares of Wellcome Plc &lt;WELL.L> fell
+sharply following a report that Bristol-Myers Co &lt;BMY> would
+seek U.S. Food and Drug Administration permission to test its
+aids vaccine in humans by the end of March, dealers said.
+    Wellcome shares slumped to a quoted low of 453p on the
+report after yesterday's 496p close but later rose to 464p.
+    Earlier this month a Wellcome spokesman said the company
+was applying for licences in the U.S. And several major
+countries for its "Retrovir" drug which can be used for the
+treatment of Aids. The U.K. Department of Health and Social
+Security has already issued a marketing licence for "Retrovir."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11522" NEWID="6609">
+<DATE>18-MAR-1987 12:28:53.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8602&#31;reute
+r f BC-HUNT-MANUFACTURING-CO   03-18 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNT MANUFACTURING CO &lt;HUN> 1ST QTR NET</TITLE>
+<DATELINE>    PHILADELPHIA, March 18 - </DATELINE><BODY>Ended March 1  
+    Shr 34 cts vs 27 cts
+    Net 2,405,000 vs 1,908,000
+    Revs 33.5 mln vs 32.6 mln
+    Avg shrs 7,114,000 vs 7,075,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11523" NEWID="6610">
+<DATE>18-MAR-1987 12:30:57.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f8610&#31;reute
+u f BC-WYLE-LABS-&lt;WYL>-TO-IS   03-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WYLE LABS &lt;WYL> TO ISSUE DEBENTURES IN EUROPE</TITLE>
+<DATELINE>    EL SEGUNDO, Calif., March 18 - </DATELINE><BODY>Wyle Laboratories said it is
+issuing in the Euro-Market 25 mln dlrs of 6-1/4 pct convertible
+subordinated debentures due March 2002.
+    The debentures are convertible into Wyle common stock at a
+rate of 19.25 dlrs worth of debentures for each common share,
+the company said.
+    It said proceeds from the offering will be used for general
+corporate purposes, and to repay borrowings under the company's
+bank credit line.
+    Kidder Peabody International Ltd and Montgomery Securities
+are co-managing the offering, Wyle also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11524" NEWID="6611">
+<DATE>18-MAR-1987 12:31:58.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8619&#31;reute
+b f BC-******MAY-DEPARTMENT   03-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MAY DEPARTMENT STORES CO 4TH QTR SHR 1.38 DLRS VS 1.24 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11525" NEWID="6612">
+<DATE>18-MAR-1987 12:32:47.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8625&#31;reute
+r f BC-FIRST-AMERICAN-&lt;FIAMA   03-18 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST AMERICAN &lt;FIAMA> SEES GAIN FROM SALE</TITLE>
+<DATELINE>    NORTH PALM BEACH, Fla., March 18 - </DATELINE><BODY>First American Bank and
+Trust Co said its 88 pct owned Associated Mortgage Investors
+&lt;AMIMS> subsidiary has sold its New England operations for
+about 2,100,000 dlrs in cash and 1,300,000 dlrs in stock,
+resulting in a first quarter gain for First American of about
+1,200,000 dlrs after tax.
+    The company said the sale will complete Associated's
+withdrawal from the general contracting business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11526" NEWID="6613">
+<DATE>18-MAR-1987 12:33:47.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f8628&#31;reute
+b f BC-AMERICAN-EXPRESS-&lt;AXP   03-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS &lt;AXP> SIGNS DEBT/EQUITY DEAL</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>American Express Bank Ltd, a unit of
+American Express Co, said it has agreed with the Mexican
+government and local business groups to convert 100 mln dlrs of
+existing debt into equity to fund the construction of 3,000
+hotel rooms around Mexico.
+    American Express said in a statement that the swap will be
+made via its International Capital Corp unit over two years.
+    The Mexican government said in a statement that the deal
+should result in about 250,000 extra tourists per year; the
+creation, directly and indirectly, of more than 15,000 new jobs
+and annual foreign exchange gains of over 80 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11527" NEWID="6614">
+<DATE>18-MAR-1987 12:37:28.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8649&#31;reute
+u f BC-CORRECTED-AMEX-HALT--   03-18 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED GENERICS &lt;IGN> TO MAKE STATEMENT</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Integrated Generics Inc president
+Elliot Friedman told Reuters the company plans to make a
+statement late Thursday or early Friday.
+    Trading in the generic drug company's stock was halted
+today by the American Stock Exchange because of a pending
+announcement, the exchange said.
+    The announcement will deal with several events that are
+"favorable," Friedman said but declined to elaborate. The
+announcement will not be ready until late tomorrow or early
+Friday, he said.
+    Shares of the Bellport, N.Y. maker and distributor of
+generic drugs closed at 5-3/8 yesterday, unchanged. They were
+trading up 3/8 at 5-3/4 before the halt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11528" NEWID="6615">
+<DATE>18-MAR-1987 12:38:05.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8654&#31;reute
+r f BC-DATAPRODUCTS-&lt;DPC>,PA   03-18 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATAPRODUCTS &lt;DPC>,PACKARD &lt;HWP> IN AGREEMENT</TITLE>
+<DATELINE>    WOODLAND HILLS, Calif., March 18 - </DATELINE><BODY>Dataproducts Corp said
+it agreed to market Hewlett-Packard's line of matrix printers
+through its domestic and international distribution network.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11529" NEWID="6616">
+<DATE>18-MAR-1987 12:38:12.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8655&#31;reute
+r f BC-FINANCIAL-SECURITY-&lt;F   03-18 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL SECURITY &lt;FSSLA> TO SELL BRANCH</TITLE>
+<DATELINE>    DELRAY BEACH, Fla., March 18 - </DATELINE><BODY>Financial Security Savings
+and Loan Association said it has agreed to sell its Sunrise,
+Fla., branch to Fortune Financial Group Inc &lt;FORF> of
+Clearwater, Fla., for a "substantial profit," subject to
+regulatory approval.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11530" NEWID="6617">
+<DATE>18-MAR-1987 12:38:21.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8656&#31;reute
+r f BC-MEMTEK-&lt;METK>-SELLS-S   03-18 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEMTEK &lt;METK> SELLS SHARES PRIVATELY</TITLE>
+<DATELINE>    BILLERICA, Mass., March 18 - </DATELINE><BODY>Memtek Corp said it has sold
+1,500,000 shares privately through underwriter Allen and Co Inc
+for 1,275,000 dlrs.
+    It said proceeds will be used to expand its development and
+commercialization of bioactive membrane products and waste
+water treatment systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11531" NEWID="6618">
+<DATE>18-MAR-1987 12:38:36.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sudan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8658&#31;reute
+r f BC-SUDANESE-MINISTER-PRE   03-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUDANESE MINISTER PREDICTS DEBT DIFFICULTIES</TITLE>
+<AUTHOR>    By Mohamed Elfatih Sidahmed, Reuters</AUTHOR>
+<DATELINE>    KHARTOUM, March 18 - </DATELINE><BODY>Sudan will find it difficult to meet
+scheduled debt repayments over the next five years, Finance
+Minister Beshir Omer has told parliament..
+    He said Sudan's foreign debt rose to 10.6 billion dlrs at
+the end of last year, an increase of 300 mln from 1985.
+    Omer said it "will be difficult, if not impossible" for Sudan
+to pay a scheduled 4.17 billion dlrs in principal and interest
+payments over the next five years.
+    He said Sudan had reached agreement with the Soviet Union
+and its East European allies to service half of its debts to
+them in commodities, with the rest in hard currency.
+    Western diplomatic and official sources in Khartoum say 32
+pct of Sudan's total foreign debt is to the Soviet Union, the
+Eastern bloc and Arab countries.
+    Sudan is 450 to 500 mln dlrs in arrears to the
+International Monetary Fund (IMF), which last year declared it
+ineligible for fresh loans.
+    The sources said Sudan, hit by a slump in export earnings
+and remittances from expatriate workers, had an annual debt
+liability of nearly 900 mln dlrs but set aside only some 200
+mln dlrs to service debts in the fiscal year ending next June
+30.
+    Sudan, its Treasury depleted by nearly four years of civil
+war in the south and the aftermath of the devastating 1984-85
+drought, has a budget deficit of 2.86 billion pounds this
+fiscal year.
+    Diplomatic and official sources said Sudan was now only
+servicing debts owed to creditors bound by regulations banning
+them from extending fresh loans to recipients in arrears.
+    They said these included the U.S. Agency for International
+Development, the World Bank and its soft loan affiliate, the
+International Development Agency.
+    Sudan reached a framework rescheduling agreement in 1984
+with Western government creditors of the Paris Club.
+    The sources said this pact was to have been followed by
+bilateral agreements, but fell through when Khartoum became
+unable to service debts in 1985.
+    A Bank of Sudan (Central Bank) spokesman said last month
+Khartoum was negotiating a freeze on interest payments with
+commercial banks, owed about two billion dlrs.
+    Sudan has not received fresh loans since 1985 and the
+sources said it was only getting grants at present. Hopes that
+foreign aid would finance 780 mln dlrs  of the 1.14 billion dlr
+budget deficit have been dashed, they added.
+    Sudanese officials said Prime Minister Sadeq al-Mahdi's
+government would shortly announce a four-year economic plan
+aimed at starting the country's recovery.
+    Details of the plan have not been made public. But the
+sources said it would be geared to generate agricultural
+exports and would need a substantial injection of fresh loans
+that Sudan hoped to receive from Gulf Arab states.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11532" NEWID="6619">
+<DATE>18-MAR-1987 12:38:44.73</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8659&#31;reute
+u f BC-ITALY-M-2-UP-2.8-PCT   03-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY M-2 UP 2.8 PCT IN 3 MONTHS TO END JANUARY</TITLE>
+<DATELINE>    ROME, March 18 - </DATELINE><BODY>Italian M-2 money supply rose a
+provisional 2.8 pct, seasonally adjusted, in the three months
+to end January 1987, the Bank of Italy said.
+    The bank said M-2, which measures notes and coins in
+circulation plus bank and post office deposit accounts, fell to
+a provisional 609,457 billion lire in January from a downwards
+revised but still provisional 615,307 billion in December 1986.
+    The provisional year-on-year rise in January was 10.2 pct,
+compared with a downward revised and provisional 9.4 pct in
+December.
+    M-2A, similar to M-2 but excluding certificates of deposit
+and including proceeds from bank repurchase operations, rose a
+provisional 2.0 pct, seasonally adjusted, over the three months
+to end January 1987.
+    The bank said M-2A totalled a provisional 583,806 billion
+lire at end January against a downwards revised and still
+provisional 593,827 billion in December 1986.
+    Year-on-year, M-2A increased by a provisional 8.4 pct in
+January, compared with a downwards revised and provisional 8.1
+pct in December.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11533" NEWID="6620">
+<DATE>18-MAR-1987 12:39:25.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8664&#31;reute
+r f BC-GOLDEN-ENTERPRISES-IN   03-18 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDEN ENTERPRISES INC &lt;GLDC> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., March 18 -
+    </DATELINE><BODY>Shr 15 cts vs nine cts
+    Net 2,002,261 vs 1,168,638
+    Revs 29.2 mln vs 29.3 mln
+    Nine mths
+    Shr 49 cts vs 36 cts
+    Net 6,404,536 vs 4,623,295
+    Revs 92.2 mln vs 88.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11534" NEWID="6621">
+<DATE>18-MAR-1987 12:41:45.54</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8676&#31;reute
+r f BC-GERMAN-RESEARCH-INSTI   03-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN RESEARCH INSTITUTE LOWERS GROWTH FORECAST</TITLE>
+<DATELINE>    WEST BERLIN, March 18 - </DATELINE><BODY>The DIW economic research institute
+said West German economic growth in 1987 is unlikely to reach
+the 1.5 pct rate it had forecast earlier this year.
+    The institute, whose forecasts are more pessimistic than
+those of the other four leading German institutes, said the
+economy had passed its peak in the summer of 1986, and its
+prospects had dimmed significantly since the autumn.
+    The DIW repeated earlier predictions that gross national
+product (GNP) in the first quarter of 1987 would contract in
+real, seasonally adjusted terms against the weak final quarter
+of last year.
+           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11535" NEWID="6622">
+<DATE>18-MAR-1987 12:42:21.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8681&#31;reute
+u f BC-MORRISON-KNUDSEN-&lt;MRN   03-18 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON KNUDSEN &lt;MRN> SEES YEAR NET FALLING</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Morrison Knudsen Corp said its
+earnings for 1987 are likely to be lower than those for 1986
+due to lower than expected growth in engineering and
+construction and a previously-predicted decline in earnings of
+its National Steel and Shipbuilding unit.
+    The company earned 39.4 mln dlrs in 1986, including pretax
+gains of 11.5 mln dlrs from pension income and 7,400,000 dlrs
+from the settlement of vested pension obligations, down from
+41.5 mln dlrs in 1985.
+    It said "Lower than expected levels of new work booked in
+the last quarter of 1986 and the first two-plus months of this
+year have delayed the expected growth in the engineering and
+construction area."  The company said it will remain profitable
+in 1987 and results should strengthen as the year progresses. 
+It attributed the decline in new work to more stringent bidding
+standards and a competitive market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11536" NEWID="6623">
+<DATE>18-MAR-1987 12:42:45.10</DATE>
+<TOPICS><D>meal-feed</D></TOPICS>
+<PLACES><D>usa</D><D>yemen-arab-republic</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f8683&#31;reute
+u f BC-U.S.-EXPORT-BONUS-POU   03-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. EXPORT BONUS POULTRY FEED FOR NORTH YEMEN</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) accepted a bid for an export bonus to cover the sale of
+7,000 tonnes of mixed poultry feed to North Yemen, the U.S.
+Agriculture Department said.
+    The department said the feed is for delivery during April.
+    As announced earlier the bonus was 90.00 dlrs per tonne,
+made to The Pillsbury Company and will be paid in the form of
+commodities from CCC stocks.
+     An additional 143,000 tonnes of mixed poultry feed are
+still available to North Yemen under the Export Enhancement
+Program announced April 14, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11537" NEWID="6624">
+<DATE>18-MAR-1987 12:42:58.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f8684&#31;reute
+r f BC-CHICAGO-BOARD-TO-SUBM   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO BOARD TO SUBMIT YEN BOND FUTURES CONTRACT</TITLE>
+<DATELINE>    CHICAGO, March 18 - </DATELINE><BODY>Directors of the Chicago Board of
+Trade, CBT, decided at their regular board meeting late
+yesterday to submit a long-term Japanese Government Bond
+futures conrtact to the Commodity Futures Trading Commission,
+CFTC, for approval.
+    The CBT's action was made possible by a ruling last week by
+the Securities and Exchange Commission, SEC, which removed a
+key regulartory obstacle to trading futures on foreign debt
+securities on U.S. exchanges.
+    The CBT originally had approved a yen bond futures contract
+in December 1986 but the SEC rule precluded the application.
+    The application to the CFTC could be made as soon as early
+next week, but the SEC's rule change must first be formalized
+by its publication in the federal register, an CBT spokesman
+said.
+    The exchange said it did not know when the yen bond futures
+contract would be approved the the CFTC, but that CFTC
+provisions require that new contract submissions be acted upon
+within one year after submission.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11538" NEWID="6625">
+<DATE>18-MAR-1987 12:43:51.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8686&#31;reute
+r f BC-ERICSSON-WINS-ARKANSA   03-18 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERICSSON WINS ARKANSAS STATE CONTRACT</TITLE>
+<DATELINE>    STOCKHOLM, March 18 - </DATELINE><BODY>Sweden's Telefon AB L.M. Ericsson
+&lt;ERIC ST> said one of its units had won a contract worth 8.7
+mln dlrs from the U.S. State of Arkansas to provide a
+communications network for three state buildings.
+    The voice/data communications system will connect 8,000
+users via the Ericsson MD 110 subscriber exchange, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11539" NEWID="6626">
+<DATE>18-MAR-1987 12:44:33.17</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>usa</D><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f8689&#31;reute
+u f BC-CCC-ACCEPTS-EXPORT-BO   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS EXPORT BONUS BID ON BARLEY TO ISRAEL</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) accepted a bid for an export bonus to cover the sale of
+30,000 long tons of barley to Israel, the U.S. Agriculture
+Department said.
+    The department said the barley is for delivery April 15/May
+15 and the bonus awarded was 41.24 dlrs per ton.
+    The bonus was made to Cargill, Inc and will be paid in the
+form of commodities from CCC stocks.
+     An additional 133,800 tons of U.S. barley are still
+available to Israel under the Export Enhancement Program
+announced June 17, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11540" NEWID="6627">
+<DATE>18-MAR-1987 12:45:01.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8691&#31;reute
+b f BC-WORLD-BANK-ISSUES-AUS   03-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK ISSUES AUSTRALIAN DLR ZERO COUPON BOND</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>The World Bank is issuing 150 mln
+Australian dlrs of zero coupon bonds due April 15, 1992 priced
+at 53, lead manager Hambros Bank Ltd said.
+    The bonds will be listed in Luxembourg and sold in
+denominations of 1,000 and 10,000 dlrs. Payment date is April
+15. The co-lead managers are Orion Royal Bank Ltd and Citicorp
+Investment Bank Ltd.
+    Fees are 3/4 pct for selling and 1/2 pct for management and
+underwriting. There also is a 1/8 pct praecipuum.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11541" NEWID="6628">
+<DATE>18-MAR-1987 12:46:23.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f8698&#31;reute
+f f BC-******MEXICO-SAYS-IT   03-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MEXICO SAYS IT WILL SIGN 7.7 BILLION DLR COMMERCIAL BANK LOAN FRIDAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11542" NEWID="6629">
+<DATE>18-MAR-1987 12:47:04.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8702&#31;reute
+u f BC-MAY-DEPARTMENT-STORES   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAY DEPARTMENT STORES CO &lt;MA> RAISES DIVIDEND</TITLE>
+<DATELINE>    ST. LOUIS, March 18 -
+    </DATELINE><BODY>Qtly div 28-1/2 cts vs 26 cts previously
+    Pay June 15
+    Record June One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11543" NEWID="6630">
+<DATE>18-MAR-1987 12:48:05.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8704&#31;reute
+u f BC-GENCORP-&lt;GY>-NAMES-FI   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> NAMES FINANCIAL ADVISERS</TITLE>
+<DATELINE>    New York, March 18 - </DATELINE><BODY>GenCorp Inc plans to use First Boston
+Corp and Kidder, Peabody and Co as financial advisers on a
+tender offer for the company by General Partners, a GenCorp
+spokesman said.
+    The spokesman, in response to questions from Reuters, said
+the company does not yet have a comment on the 100 dlr per
+share tender offer, launched by the partners today.
+    First Boston and Kidder have been advisers to GenCorp in
+the past, he said.
+    General Partners is comprised of investors Wagner and Brown
+and AFG Industries Inc, a glass manufacturer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11544" NEWID="6631">
+<DATE>18-MAR-1987 12:51:41.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE><D>petricioli</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f8714&#31;reute
+u f BC-/MEXICO-TO-SIGN-7.7-B   03-18 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO TO SIGN 7.7 BILLION DLR LOAN FRIDAY</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Mexican Finance Minister Gustavo
+Petriccioli said Mexico will sign its 7.7 billion dlr
+commercial bank loan on Friday.
+    Petriccioli, speaking to reporters after a visit to the
+World Bank, said the loan was currently 98.5 pct subscribed, a
+figure Treasury Secretary James Baker used in Congressional
+testimony yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11545" NEWID="6632">
+<DATE>18-MAR-1987 12:51:59.28</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f8715&#31;reute
+b f BC-coffee-meeting-to-be   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATIN COFFEE MEETING TO BE HELD IN MANAGUA</TITLE>
+<DATELINE>    MANAGUA, March 18 - </DATELINE><BODY>Representatives from Brazil, Colombia,
+Mexico and Nicaragua will meet here Friday to discuss the
+economic impact of falling coffee prices, a Nicaraguan official
+announced.
+    Vice-minister of foreign trade Bernardo Chamorro said that
+participating in the meeting will be the heads of the coffee
+associations from the four countries.
+    He did not say if the meeting would continue beyond friday.
+    Chamorro said Nicaragua supports the establishment of
+export quotas in an effort to boost sagging world prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11546" NEWID="6633">
+<DATE>18-MAR-1987 12:54:30.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8723&#31;reute
+u f BC-MONEY-BROKER-SOUGHT-I   03-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONEY BROKER SOUGHT IN VOLKSWAGEN CURRENCY SCANDAL</TITLE>
+<DATELINE>    BRUNSWICK, West Germany, March 18 - </DATELINE><BODY>The state prosecutor
+investigating a suspected currency swindle which may have lost
+Volkswagen AG &lt;VOWG.F> millions of dollars said he wanted to
+question a Frankfurt-based money broker.
+    Prosecutor Carl Hermann Retemeyer told Reuters the broker,
+Joachim Schmidt, may be able to shed light on the affair in
+which VW says it might have been defrauded of up to 480 mln
+marks.
+    No charges have been laid in what may turn out to be West
+Germany's largest known currency fraud.
+    The incident has led to political calls for tighter
+controls on the free-wheeling money and currency markets.
+    Retemeyer gave no further details of the investigation. His
+office understood that Schmidt was on a business trip.
+    A spokesman for the brokerage firm told Reuters that
+Schmidt had been expected back on Monday from the United States
+but had not returned yet, and his current whereabouts were not
+known.
+    Brokerage firms fulfill a middle-man function in currency
+and money markets, matching buy and sell orders between banks
+and other large customers who may prefer to remain anonymous.
+    The financial newsletter, Platow, said today the state
+prosecutor, called in when suspicion of fraud first came to
+light on February 18, had to date been able to find no evidence
+of personal enrichment by VW employees.
+    The newsletter reported on November 3 last year that VW had
+incurred losses in the "three-figure millions" because it had not
+protected itself against a fall in the value of the dollar.
+    This was denied at the time by VW executive board chairman
+Carl Hahn.
+    Financial director Rolf Selowsky resigned last week after
+news of the currency fraud, an executive has been fired and
+several others are suspended.
+    A Frankfurt business lawyer, Egon Geis, said yesterday that
+on February 10 he had offered VW information about the currency
+fraud and offered to provide a written confession by someone
+involved.
+    He said VW declined his offer, but the company says the tip
+was taken to top management and that Geis later met Hahn but
+failed to produce the document.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11547" NEWID="6634">
+<DATE>18-MAR-1987 12:57:26.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f8731&#31;reute
+r f BC-CBT-TO-SUBMIT-YEN-BON   03-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT TO SUBMIT YEN BOND FUTURES CONTRACT TO CFTC</TITLE>
+<DATELINE>    CHICAGO, March 18 - </DATELINE><BODY>Directors of the Chicago Board of
+Trade, CBT, decided at their regular board meeting late
+yesterday to submit a long-term Japanese Government Bond
+futures conrtact to the Commodity Futures Trading Commission,
+CFTC, for approval.
+    The CBT's action was made possible by a ruling last week by
+the Securities and Exchange Commission, SEC, which removed a
+key regulartory obstacle to trading futures on foreign debt
+securities on U.S. exchanges.
+    The CBT originally had approved a yen bond futures contract
+in December 1986 but the SEC rule precluded the application.
+    The application to the CFTC could be made as soon as early
+next week, but the SEC's rule change must first be formalized
+by its publication in the federal register, an CBT spokesman
+said.
+    The exchange said it did not know when the yen bond futures
+contract would be approved the the CFTC, but that CFTC
+provisions require that new contract submissions be acted upon
+within one year after submission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11548" NEWID="6635">
+<DATE>18-MAR-1987 12:58:20.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8736&#31;reute
+u f BC-DCNY-CORP-&lt;DCY>-HIKES   03-18 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DCNY CORP &lt;DCY> HIKES QTLY DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Discount Corp of New York said its
+board of directors increased its quarterly cash dividend to 20
+cts a share from 15 cts a share.
+    DCNY said the dividend is payable April 15, 1987 to
+shareholders of record April 1 , 1987.
+    Since the last two-for-one stock split in May 1985, the
+corpoartion has customarily declared 15-cnt-per-share dividends
+for the first three quarters and a final fourth quarter
+dividend based on its total earnings for the year.
+    As previously announced, DCNY said its board has also
+recommended a two-for-one common stock split to shareholders.
+    If the split is approved at the May 13 annual meeting, the
+quarterly dividend rate will be adjusted to 10 cts a share,
+DCNY said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11549" NEWID="6636">
+<DATE>18-MAR-1987 12:58:58.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8738&#31;reute
+u f BC-ST.-JOSEPH-LIGHT-&lt;SAJ   03-18 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST. JOSEPH LIGHT &lt;SAJ> SETS SPLIT, HIKES PAYOUT</TITLE>
+<DATELINE>    ST. JOSEPH, Mo., March 18 - </DATELINE><BODY>St. Joseph Light and Power Corp
+said its board declared a three-for-two stock split and raised
+the quarterly dividend on presplit shares to 49 cts per share
+from 47 cts.
+    The company said the dividend is payable May 18 to holders
+of record May 4 and the split is subject to approval by
+shareholders at the May 20 annual meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11550" NEWID="6637">
+<DATE>18-MAR-1987 13:00:42.42</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f8746&#31;reute
+d f BC-PERU-HAS-FIRST-TRADE   03-18 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU HAS FIRST TRADE DEFICIT IN FOUR YEARS</TITLE>
+<DATELINE>    LIMA, March 18 - </DATELINE><BODY>Peru registered a 16 mln dlr trade deficit
+in 1986, its first trade shortfall in four years, a central
+bank statement said.
+    The figure compared with a surpluses of 1.17 billion dlrs
+in 1985, 1.01 billion in 1984 and 293 mln in 1983. The last
+trade deficit was a 428 mln shortfall in 1982.
+    Peru's exports fell to 2.51 billion dlrs last year from
+2.98 billion in 1985. Last year's imports were 2.53 billion
+dlrs against 1.81 billion dlrs in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11551" NEWID="6638">
+<DATE>18-MAR-1987 13:01:08.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8747&#31;reute
+u f BC-BEVIS-INDUSTRIES-SEEK   03-18 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEVIS INDUSTRIES SEEKS BUYER FOR COMPANY</TITLE>
+<DATELINE>    PROVIDENCE, R.I., March 18 - </DATELINE><BODY>&lt;Bevis Industries Inc> said it
+retained Tucker Anthony and R.L. Day Inc to seek purchasers of
+the company or its units.
+    It issued no further details.
+    The company, which makes stainless steel tubing for the
+chemical, petrochemical, and oil industries, earned 1,045,000
+dlrs or 51 cts a share in the nine months ending September 30,
+1986. It had sales of 17.1 mln dlrs in the period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11552" NEWID="6639">
+<DATE>18-MAR-1987 13:01:55.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8750&#31;reute
+u f BC-U.S.-HOUSE-PLAN-SEEKS   03-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PLAN SEEKS TO BAR FOREIGN TAKEOVERS</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>A House subcommittee voted to give
+President Reagan authority to block foreign takeovers of U.S.
+companies similar to the takeover of Schlumberger Ltd's &lt;SLB>
+Fairchild Semiconductor Corp by Fujitsu Ltd which was
+withdrawn.
+    The House Energy and Commerce Subcommittee on Commerce
+approved as an amendment to the overall House trade bill a
+provision giving Reagan the power to block sales to foreign
+companies if the sale was not in the national or economic
+interest.                
+    The takeover provision was sent to the full Energy and
+Commerce Committee for consideration as part of the overall
+trade bill which is being written by several House committees.
+    The subcommittee's bill would bar imports of digital audio
+recording equipment that is not made with anti-copying chips.
+This provision is designed to protect U.S. companies from the
+unauthorized use of U.S. designs in foreign products.
+    The bill calls for an investigation of whether U.S.
+engineering and construction firms are given adequate
+opportunity to bid on Japan's civil works procurement practices
+including the construction of the Kansai airport.
+    The Energy and Commerce subcommitte rejected a plan offered
+by Rep. William Dannemeyer, a California Republican, to require
+the U.S. to pay investors one pct for the right to hold their
+gold investments in government storage.
+    His amendment called for the government to sell gold coins
+and gold-backed bonds with maturities of 30 to 50 years to
+investors to reduce the federal debt.               
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11553" NEWID="6640">
+<DATE>18-MAR-1987 13:02:32.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f8753&#31;reute
+r f BC-HECHINGER-&lt;HECHA>-BON   03-18 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HECHINGER &lt;HECHA> BONDS UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Standard and Poor's Corp said it
+raised to A-minus from BBB-plus Hechinger Co's 19.9 mln dlrs of
+industrial revenue bonds.
+    Yesterday, S and P upgraded to BBB-plus from BBB the
+company's 86 mln dlrs of convertible subordinated debentures of
+2009 and assigned a BBB-plus rating to Hechinger's planned 100
+mln dlr issue of convertible debt due 2012.
+    In its release yesterday, S and P cited what it termed an
+outstanding record of sales and earnings growth by Hechinger.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11554" NEWID="6641">
+<DATE>18-MAR-1987 13:02:37.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8754&#31;reute
+r f BC-INERTIA-DYNAMICS-CORP   03-18 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INERTIA DYNAMICS CORP &lt;TRIM> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 18 -
+    </DATELINE><BODY>Oper shr 35 cts vs 29 cts
+    Oper net 1,185,267 vs 1,001,315
+    Sales 16.8 mln vs 12.4 mln
+    Six mths
+    Oper shr 42 cts vs 32 cts
+    Oper net 1,420,815 vs 1,105,555
+    Note: oper data does not include year ago qtr and six mths
+loss from discontinued operations of 87,449 dlrs, or two cts
+per shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11555" NEWID="6642">
+<DATE>18-MAR-1987 13:03:23.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8759&#31;reute
+d f BC-ATI-MEDICAL-INC-&lt;ATIM   03-18 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATI MEDICAL INC &lt;ATIM> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    GLENDALE, Calif., March 18 -
+    </DATELINE><BODY>Shr two cts vs eight cts
+    Net 118,933 vs 296,272
+    Revs 2,742,731 vs 1,840,129
+    Six mths
+    Shr two cts vs 12 cts
+    Net 92,372 vs 444,975
+    Revs 4,977,105 vs 3,296,110
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11556" NEWID="6643">
+<DATE>18-MAR-1987 13:05:00.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f8766&#31;reute
+b f BC-******COCA-COLA-ENTER   03-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COCA-COLA ENTERPRISES FILES TO OFFER 500 MLN DLRS OF DEBT 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11557" NEWID="6644">
+<DATE>18-MAR-1987 13:07:20.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8783&#31;reute
+d f BC-NASDAQ-TO-OPEN-OFFICE   03-18 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASDAQ TO OPEN OFFICE IN LONDON</TITLE>
+<DATELINE>    WASHINGTON, D.C., March 18 - </DATELINE><BODY>National Association of
+Securities Dealers Inc said it will be opening a London-based
+European office in mid-1987.
+    A spokesman said the office would probably open by July.
+    NASDAQ said its board of governors appointed J. Lynton
+Jones to be its European executive director.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11558" NEWID="6645">
+<DATE>18-MAR-1987 13:10:17.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f8789&#31;reute
+r f AM-RAIN   03-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN PLEDGES TO INCREASE SPENDING ON ACID RAIN</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>President Reagan, reacting to
+Canadian concerns, today announced he will seek 2.5 billion
+dlrs over five years to combat acid rain.
+    The announcement said the administration will request from
+Congress 500 mln dlrs in each of the next two fiscal years to
+fund innovative projects to control smokestack emissions --
+blamed for acid rain that has killed fish and trees in eastern
+Canada.
+    White House spokesman Marlin Fitzwater said the
+administration had asked for 350 mln dlrs but that Ottawa had
+registered concern about the level of funding.
+    He said the announcement was "obviously related" to an
+April-5-6 summit meeting in Ottawa between Reagan and Canadian
+Prime Minister Brian Mulroney.
+    Reagan said that in addition to committing government money
+industry would be encouraged to invest a greatwer or equal
+amount to promote new technologies to cut air pollution.
+    The announcement said an advisory panel, including state
+governmments and the canadian government, would advise on
+funding and selection of polllution control projects.
+    Further, a presidential task force on regulatory relief
+would examine the effect of federal, state and local
+regulations on deployment of new emission control technologies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11559" NEWID="6646">
+<DATE>18-MAR-1987 13:11:13.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8794&#31;reute
+d f BC-EC-COMMISSION-THREATE   03-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION THREATENS ACTION AGAINST AIRLINES</TITLE>
+<DATELINE>    BRUSSELS, March 18 - </DATELINE><BODY>The European Commission said it could
+begin legal moves within the next month against three major
+airlines - Deutsche Lufthansa AG &lt;LHAG.F>, Alitalia Linee Aeree
+Italiane Spa &lt;AZPI.MI> and &lt;Olympic Airways> - accusing them of
+unfair fare-fixing and route sharing practices.
+    The Commission also announced a move designed to put
+pressure on EC ministers to agree by the end of June a new,
+more liberal, airline regime, which could bring lower fares and
+a greater choice of carriers for passengers.
+    The Commission has for years been pushing to force EC
+airlines to abandon arrangements under which they agree not to
+compete against each other on price and share flights on routes
+between major cities on a 50-50 basis.
+    Last July, it wrote to 10 major airlines saying their
+practices breach EC competition rules and demanding
+undertakings that they would be revised or abolished.
+    The Commission said in a statement today seven airlines
+have responded positively to these letters and negotiations are
+taking place on how their practices might be modified.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11560" NEWID="6647">
+<DATE>18-MAR-1987 13:13:04.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8800&#31;reute
+u f BC-SAVANNAH-ELECTRIC-AND   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAVANNAH ELECTRIC AND POWER CO &lt;SAV> UPS DIVIDEND</TITLE>
+<DATELINE>    SAVANNAH, Ga, March 18 -
+    </DATELINE><BODY>Qtly div 25 cts vs 22 cts prior
+    Payable April 15
+    Record April 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11561" NEWID="6648">
+<DATE>18-MAR-1987 13:14:17.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8804&#31;reute
+h f BC-FRANCE-AGREES-AIRBUS   03-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE AGREES AIRBUS A340 COMMERCIALLY SOUND</TITLE>
+<DATELINE>    PARIS, March 18 - </DATELINE><BODY>The French government has no reason to
+doubt the European Airbus consortium's assessment that its A340
+long-range jet project has a sound commercial basis, French
+Trade Minister Michel Noir said .
+    Airbus announced last Friday that it had 104 firm orders
+and options from nine airlines for its A340 long-range and A330
+medium-range jet projects.
+    "If Airbus finds an initial cushion of around one hundred
+aircraft satisfactory, we have no reason to contradict them,"
+Noir told journalists.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11562" NEWID="6649">
+<DATE>18-MAR-1987 13:15:01.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8807&#31;reute
+u f BC-ZAMBIA-CLEARS-IMF-198   03-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIA CLEARS IMF 1985 DEBT</TITLE>
+<DATELINE>    LUSAKA, March 18 - </DATELINE><BODY>Zambia has cleared its arrears to the
+IMF for 1985 with a 145 mln dlr bridging loan from Standard
+Chartered Bank, central bank president Leonard Chivuno said.
+    The government had obtained a further loan of 45 mln dlr
+from the Bank of Credit and Commerce to help pay off its
+remaining 165 mln SDR arrears for 1986 and is currently
+negotiating loans from two other banks to complete payment, he
+told a press conference .
+    To restrict liquidity all commercial banks will have to
+make a supplementary deposit with the Bank of Zambia,
+equivalent to 10 pct of their demand deposits, Chivanu added.
+    Following the IMF talks, the fixed exchange rate will be
+adjusted against a basket of five major currencies, but it will
+not fall below 12.50 kwacha per dollar, Chivuno said.
+    He was speaking after three weeks' discussions with the IMF
+centred on the revision of the exchange system.
+    Diplomatic sources said the talks had gone well and a
+Zambian delegation would leave for Washington in about three
+weeks to complete negotiations with the IMF and World Bank on a
+revised economic adjustment programme.
+    One western diplomat said the two institutions had promised
+"big support to help Zambia keep its head above water."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11563" NEWID="6650">
+<DATE>18-MAR-1987 13:15:38.60</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f8809&#31;reute
+b f BC-******AMOCO-SAID-WELL   03-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMOCO SAID WELL OFF TRINIDAD FLOWS 53 MLN CUBIC FEET NATURAL GAS DAILY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11564" NEWID="6651">
+<DATE>18-MAR-1987 13:16:51.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f8816&#31;reute
+b f BC-COCA-COLA-ENTERPRISES   03-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA-COLA ENTERPRISES &lt;CCE> TO SELL DEBT</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Coca-Cola Enterprises Inc said it
+filed with the Securities and Exchange Commission a
+registration statement covering 500 mln dlrs of debt.
+    The company said it plans to sell 250 mln dlrs of notes due
+1997 and an equal amount of debentures due 2017.
+    Proceeds will be used to refinance outstanding
+indebtedness, Coca-Cola Enterprises said.
+    The company named Allen and Co Inc as lead manager and
+Merrill Lynch Capital Markets and Salomon Brothers Inc as
+co-managers of the offerings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11565" NEWID="6652">
+<DATE>18-MAR-1987 13:17:36.51</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f8820&#31;reute
+r f BC-IRAQ-SAYS-IT-HIT-SHIP   03-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IT HIT SHIP IN GULF OFF IRAN TODAY</TITLE>
+<DATELINE>    BAGHDAD, March 18 - </DATELINE><BODY>Iraq said its warplanes had hit a
+vessel in the Gulf off the Iranian coast today, the third in
+the past 24 hours.
+    A military spokesman told the Iraqi news agency INA the
+latest attack was at 1250 GMT. It earlier reported strikes at
+0650 GMT and at 1930 GMT last night. The planes "dealt accurate
+and effective blows" to the targets and returned safely to base.
+    There was no immediate confirmation of the attacks from
+Gulf shipping sources. The last confirmed Iraqi attack was on
+on March 8, when an Iranian tanker was hit by a missile south
+of Iran's Kharg island oil export terminal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11566" NEWID="6653">
+<DATE>18-MAR-1987 13:20:01.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8826&#31;reute
+u f BC-MAY-DEPARTMENT-STORES   03-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAY DEPARTMENT STORES &lt;MA> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    ST. LOUIS, March 18 -
+    </DATELINE><BODY>Shr 1.38 dlrs vs 1.24 dlrs
+    Net 213,000,000 vs 195,000,000
+    Revs 3.37 billion vs 3.12 billion
+    Avg shrs 153,000,000 vs 156,000,000
+    Year
+    Shr 2.44 dlrs vs 2.20 dlrs
+    Net 381,000,000 vs 347,000,000
+    Revs 10.38 billion vs 9.54 billion
+    Avg shrs 154,800,000 vs 156,000,000
+    NOTE: 1985 period ended Feb 1, 1986
+    Share data restated for common stock split of July 21, 1986
+    1986 and 1985 earnings reflect a charge of one ct a share
+resulting from use of the LFIO method of inventory valuation
+    4th Qtr 1986 earnings include pretax capital gain of 71.2
+mln dlrs, or 30 cts a share from sale of Joseph Horne Co
+Division in Pittsburgh
+    NOTE: 4th Qtr 1986 earnings include a 62 mln dlr, or 20 cts
+a share, pretax charge for costs associated with combining May
+D and F and the Denver operating divisions
+    4th Qtr 1986 earnings include a pretax charge of 26 mln
+dlrs, or nine cts a share, for costs associated with several
+debt repurchase transactions including retirement of 10 mln
+dlrs of 11-7/8 pct debentures
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11567" NEWID="6654">
+<DATE>18-MAR-1987 13:22:11.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8836&#31;reute
+f f BC-******NORSTAR-BANCORP   03-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NORSTAR BANCORP, FLEET FINANCIAL GROUP AGREE TO MERGE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11568" NEWID="6655">
+<DATE>18-MAR-1987 13:23:31.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8843&#31;reute
+d f BC-FIRST-UNION-&lt;FUNC>-AC   03-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION &lt;FUNC> ACQUISITION APPROVED</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., March 18 - </DATELINE><BODY>First Union Corp said the
+buyout of Commerce National Bank by its First Union National
+Bank of Florida unit was approved by Commerce shareholders.
+    According to the terms of the deal, First Union will pay
+8.5 mln dlrs for the outstanding shares of Commerce National, a
+bank with 43.2 mln dlrs in assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11569" NEWID="6656">
+<DATE>18-MAR-1987 13:23:37.68</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f8844&#31;reute
+r f BC-drilling   03-18 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY/DRILLING INDUSTRY</TITLE>
+<AUTHOR>    BY JULIE VORMAN, Reuters</AUTHOR>
+<DATELINE>    HOUSTON, March 18 - </DATELINE><BODY>The drastic cutbacks in U.S. drilling
+last year are rapidly deflating the United State's natural gas
+bubble, which could bring spot shortages in gas supplies next
+winter and a modest recovery in the oilpatch, industry analysts
+said.
+    Faltering deliverability of natural gas, a commodity that
+is difficult and costly to import in large quantities, could
+more than double the current U.S. rig count to near 2,000 by
+1990, some analysts said.
+    The need to lock in future supplies of gas for utilities
+and big industrial customers may also bring a resurgence of
+activity in the Gulf of Mexico's offshore waters where some of
+the nation's largest gas reserves are located.
+    "We think an upturn in U.S. drilling is imminent," said
+James Crandall, an analyst with Salomon Brothers Inc. "Many
+companies appear to be switching from oil to gas drilling
+because they're betting that the gas market will be back in
+balance in a year or two."
+    The prospect of diminishing gas supplies is welcome news
+for drilling and oilfield service companies that barely
+survived last year's plunge in oil prices from about 30 dlrs a
+barrel to less than half that. Today's relatively stable oil
+prices of about 18 dlrs a barrel are not enough to spur a
+return to the heady days of 1981 when the U.S. drilling rig
+count soared to a record high of more than 4,500 and oilfield
+roustabouts commanded premium wages.
+    The latest weekly Hughes Tool Co &lt;HT> rig count, a
+barometer of the oil industry's health, showed 761 U.S. rigs
+active in what is traditionally the slowest time of the year.
+    In 1986, the Hughes rig count began the year at 1,915 but
+dived to a post-World War II low of 663 in July as world oil
+prices experienced the sharpest decline in recent times.
+    Ike Kerridge, a Hughes economist, said "In 1986, the United
+States replaced only about 40 pct of the gas it used and that
+replacement rate won't be any better this year."
+    He added, "We don't have the options we do with oil.
+Imports of gas from Canada are limited by pipeline capacity and
+importing liquefied natural gas on ships will not be feasible
+in the next 10 years because of the cost."
+    Only about 6 trillion cubic feet of additional gas reserves
+were discovered last year while U.S. consumption approached 16
+trillion cubic feet, according to industry estimates.
+    George Gaspar, an oil analyst with Robert W. Baird and Co
+agreed that the need for gas supplies would set the stage for a
+new cycle of gradual increases in U.S. drilling.
+    "We anticipate that natural gas pipelines will need to
+dedicate to their systems new gas reserves for 1989 and 1990
+supplies. That means new drilling programs must begin no later
+than mid-1988," Gaspar said.
+    Gasper said he sees a new drilling cycle emerging that
+could last until 1992 and that he expects the average rig count
+to peak near 2,000 in December of 1989.
+    Much of the search for new gas reserves is likely to be
+conducted in the offshore waters of the Gulf of Mexico, where
+federal leases on unexplored areas will revert back to the
+government unless drilling begins in the next two or three
+years. Some of the industry's biggest companies, such as Exxon
+Corp &lt;XON>, Mobil Corp MOB, and Union Texas Petroleum have
+already indicated plans to increase spending for drilling later
+this year in the Gulf of Mexico, Crandall said.
+    For example, Conoco Inc, a Dupont &lt;DD> subsidiary, will
+spend 400 mln dlrs to build the Gulf of Mexico's deepest
+production platform, which will produce 50 mln cubic feet of
+gas per day.
+    But T. Boone Pickens, who has acquired huge Texas and
+Kansas gas reserves for his Mesa Limited Partnership &lt;MLP> in
+recent months, is not convinced that the drilling industry is
+on the verge of a recovery.
+    Pickens predicts the U.S. rig count will soon drop below
+600 and will not increase significantly until oil prices do.
+    "The rigs won't go back to work until the price of oil gets
+above 30 dlrs a barrel," said Pickens, 58, adding he did not
+expect to see the rig count top 2,000 again in his lifetime.
+    Tenneco Inc &lt;TGT>, one of the largest U.S. gas producers,
+is skeptical that a need for additional gas drilling exists.
+    Tenneco vice president Joe Foster said he did not expect
+significant increases in drilling for gas until the early 1990s
+when the U.S. gas reserves life will have declined to about
+seven years' supply. Current spot market prices of about 1.50
+dlrs per thousand cubic feet will need to rise to about three
+dlrs to spur reserve replacement, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11570" NEWID="6657">
+<DATE>18-MAR-1987 13:25:33.14</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>brazil</D><D>mexico</D><D>guatemala</D><D>ecuador</D><D>panama</D><D>costa-rica</D><D>colombia</D><D>dominican-republic</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f8846&#31;reute
+u f BC-SUGAR-PRICES-TOO-LOW   03-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUGAR PRICES TOO LOW TO BOOST LATIN OUTPUT</TITLE>
+<AUTHOR>    By Richard Jarvie, Reuters</AUTHOR>
+<DATELINE>    RIO DE JANEIRO, March 18 - </DATELINE><BODY>Latin American sugar producers
+are awaiting further rises in world market prices before moving
+to boost production, official and trade sources said.
+    Although prices have risen to around eight from five U.S.
+Cents per lb in the past six months, they are still below the
+region's nine to ten cents per lb average production cost.
+    The recent rise in prices has placed producers on the
+alert, Manuel Rico, a consultant with the Group of Latin
+American and Caribbean Sugar Exporting Countries (GEPLACEA),
+told Reuters.
+    However, Rico said, it would require another five to seven
+cents to stimulate notable increases in output.
+    "Producers are taking measures for increasing their
+production when the prices are profitable," he said.
+    Officials in Mexico, Guatemala and Ecuador said a continued
+rise in prices would stimulate production, but industry leaders
+in Panama and Costa Rica said there was still a long way to go.
+    "The prices are ridiculous," said Julian Mateo, vice
+president of Costa Rica's Sugar Cane Industrial-Agricultural
+League. "At current prices nobody is going to consider
+increasing production."
+    Other producers are wary of committing funds to increasing
+output, given the instability of world markets.
+    An official at Colombia's National Association of Sugar
+Cane Growers said they had no plans to raise export targets.
+"The market is very unstable. What is happening is not yet
+giving way to a pattern and so there is no reason to modify
+anything."
+    In 1985, the latest year for which full figures are
+available, Central and South American nations produced 28 mln
+tonnes, raw value, of sugar of which 12.3 mln were exported. A
+year earlier, they had produced and exported about 800,000
+more, according to the London-based International Sugar
+Organization.
+    Years of continuous low prices have plunged the sugar
+industry in many countries in the region into a recession from
+which it will be hard to recover.
+    Miguel Guerrero, director of the Dominican Republic's
+National Sugar Institute, said it would be difficult to boost
+production even if prices recovered sharply.
+    Output had slumped to under 450,000 tonnes a year from
+900,000 in the late 1970s. Obsolete refineries, poor transport
+and badly maintained plantations were barriers to any short
+term recovery in output, he added.
+    Plans of nearby Cuba, the world's largest cane sugar
+exporter, to increase output to 10 mln tonnes a year by the end
+of the decade seem ambitious, trade sources said. Output is
+running well below the record 8.6 mln produced in 1970.
+    Cuba suffers from run down plantations, harvesting problems
+and poor processing facilities more than from low world prices,
+since much of its output is sold to Eastern Bloc countries
+under special deals. Last year, bad weather added to its
+troubles, and output fell to 7.2 mln tonnes from 8.2 mln in
+1985.
+    The low world prices of recent years have led many
+countries in the region to cut exportable production to levels
+where they barely cover U.S. And, in the case of some Caribbean
+countries, European Community (EC) import quotas, for which
+they receive prices well above free market levels.
+    Progressive reductions in the U.S. Quotas have led to
+production stagnating or falling rather than being shifted to
+the free world market.
+    Peru, for example, shipped 96,000 tonnes to the U.S. In
+both 1983 and 1984. This fell to 76,000 in 1986 and this year
+its quota is only 37,000.
+    A national cooperative official said that, as long as world
+market levels continue at around half of Peru's production
+cost, the future of the industry is uncertain.
+    At a meeting of GEPLACEA in Brazil last October officials
+stressed the need to find alternative uses for sugar cane
+which, according to the group's executive-secretary Eduardo
+Latorre, "grows like a weed" throughout the region.
+    Brazil, the largest cane producer with output of around 240
+mln tonnes, uses over half to produce alcohol fuel. Cane in
+excess of internal demand for alcohol and sugar is refined into
+sugar for sale abroad to earn much needed foreign currency.
+    The difference in the price the state-run Sugar and Alcohol
+Institute (IAA) pays local industry and what it receives from
+foreign buyers costs the government some 350 mln dlrs a year.
+    Soaring domestic demand for both alcohol and sugar over the
+past year, coupled with a drought-reduced cane crop, has meant
+Brazil will have difficulties in meeting export commitments in
+1987, trade sources said. Negotiations to delay shipments to
+next year have been indecisive so far, the main sticking point
+being how Brazil should compensate buyers for non-delivery of
+sugar it had sold at around five cents per lb and which would
+cost eight cents to replace.
+    Brazilian sugar industry sources said new sugar export
+sales were expected to be extremely low for the next year, with
+the Institute wary of exposing itself to domestic shortages of
+either alcohol or sugar and because of the need to rebuild
+depleted reserve stockpiles.
+    However, the situation could change dramatically if the
+economy goes into recession and internal demand slumps.
+    Sources within Latin America and the Caribbean hold little
+hope for the region's sugar industry to return to profitability
+unless the U.S. And EC change their policies.
+    "The agricultural policies of the European Community and of
+the United States have caused our economies incalculable harm
+by closing their markets, by price deterioration in
+international commerce and furthermore by the unfair
+competition in third countries," Brazil's Trade and Industry
+Minister Jose Hugo Castelo Branco told the October GEPLACEA
+meeting.
+    The EC has come under prolonged attack from GEPLACEA for
+what the group charges is its continued dumping of excess
+output on world markets. GEPLACEA officials say this is the
+main cause of low prices.
+    GEPLACEA sees a new International Sugar Agreement which
+would regulate prices as one of the few chances of pulling the
+region's industry out of steady decline. Such an agreement
+would have to have both U.S. And EC backing and industrialised
+countries would have to see it as a political rather than a
+merely economic pact.
+    "They have to realise that the more our economies suffer,
+the less capcity we have to buy their goods and repay the
+region's 360 billion dollar foreign debt," GEPLACEA's Latorre
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11571" NEWID="6658">
+<DATE>18-MAR-1987 13:26:43.78</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f8850&#31;reute
+u f BC-MORGAN-BANK-PLANS-WAR   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN BANK PLANS WARRANTS FOR GOLD AT 425 DLRS</TITLE>
+<DATELINE>    ZURICH, March 18 - </DATELINE><BODY>Morgan Guaranty Trust Co of New York
+plans an issue of 12,000 warrants for gold bullion at 425 dlrs
+an ounce, lead manager Morgan Guaranty (Switzerland) AG said.
+    Each warrant, priced at 955 Swiss francs, entitled holders
+to acquire five-ounce bars of .999 gold in the period from
+April 30, 1987, to July 31, 1991, exercisable on Wednesdays.
+    The warrants represented unsecured, unsubordinated
+liabilities of the borrower. Payment was due April 16, and a
+quotation on the Luxembourg bourse was planned.
+    The warrants, when exercised, would be repaid in current
+dollars based on the value of gold on the exercise date.
+    The conditions represent a premium of about 145 dlrs an
+ounce to the current gold price.
+    A Morgan (Switzerland) official said that on the basis of
+the maturity of four years and three months, the pricing
+involved an implicit volatility of gold of 24.5 pct before the
+warrants were in the money, compared with implicit volatility
+of 30 pct for the Indosuez gold warrants and 26 pct for the
+Citibank gold warrants recent issued with maturities of 18 and
+24 months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11572" NEWID="6659">
+<DATE>18-MAR-1987 13:28:42.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f8863&#31;reute
+u f BC-******NORSTAR-BANCORP   03-18 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORSTAR &lt;NOR>, FLEET &lt;FLT> TO MERGE</TITLE>
+<DATELINE>    ALBANY, N.Y., March 18 - </DATELINE><BODY>Norstar Bancorp said that its
+board and the board of Fleet Financial Group have approved a
+definitive agreement to merge.
+    A Norstar spokesman said that a press release containing
+further details on the merger would be issued shortly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11573" NEWID="6660">
+<DATE>18-MAR-1987 13:31:06.70</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D><D>trinidad-tobago</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f8875&#31;reute
+u f BC-AMOCO-&lt;AN>-IN-NATURAL   03-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> IN NATURAL GAS FIND OFF TRINIDAD</TITLE>
+<DATELINE>    HOUSTON, March 18 - </DATELINE><BODY>Amoco Corp said its WEQB-1 exploratory
+well 39 miles east of Galeota Point on Trinidad's east coast
+flowed 24 mln cubic feet of natural gas and 500 barrels of
+condensate daily from one zone and 29 mln cubic feet of natural
+gas and 600 barrels of condensate daily from a second.
+    The company said both flows were through 40/64 inch chokes
+and from zones between 10,000 and 13,000 feet in depth.  The
+well, in 260 feet of water, was drilled to a total depth of
+14,629 feet, it said.  It said the discovery was made in sands
+previously untested in the area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11574" NEWID="6661">
+<DATE>18-MAR-1987 13:35:07.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8901&#31;reute
+r f BC-ELDORADO-BANCORP-&lt;ELD   03-18 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDORADO BANCORP &lt;ELDB> SETS 10 PCT DIVIDEND</TITLE>
+<DATELINE>    TUSTIN, Calif., March 18 - </DATELINE><BODY>Eldorado Bancorp said its board
+declared a 10 pct stock dividend, Payable April 17 to
+shareholders of record April three.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11575" NEWID="6662">
+<DATE>18-MAR-1987 13:35:14.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8902&#31;reute
+r f BC-ALLIED-BANKSHARES-&lt;AL   03-18 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED BANKSHARES &lt;ALBN> SHARE OFFER EFFECTIVE</TITLE>
+<DATELINE>    THOMSON, Ga., March 18 - </DATELINE><BODY>Allied Bankshares Inc said its
+registration statement covering a 500,000 share offering was
+declared effective.
+    The company said the stock will be sold at 12.50 dlrs a
+share through an offering underwritten by Johnson Lane Space
+Smith and Co Inc and Interstate Securities Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11576" NEWID="6663">
+<DATE>18-MAR-1987 13:35:21.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f8903&#31;reute
+r f BC-NOBLE-BROADCAST-GROUP   03-18 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOBLE BROADCAST GROUP TO SELL DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Noble Broadcast Group Inc said it
+filed with the Securities and Exchange Commission a
+registration statement covering a 50 mln dlr issue of senior
+subordinated debentures due 1999.
+    The company named PaineWebber Inc as sole underwriter of
+the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11577" NEWID="6664">
+<DATE>18-MAR-1987 13:35:35.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f8904&#31;reute
+r f BC-FPL-GROUP-&lt;FPL>-UNIT   03-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FPL GROUP &lt;FPL> UNIT SELLS BONDS AT 8.951 PCT</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>FPL Group Capital Inc, a unit of FPL
+Group Inc, is raising 150 mln dlrs through an offering of
+debentures due 2017 yielding 8.951 pct, said lead manager
+Salomon Brothers Inc.
+    The debentures have an 8-7/8 pct coupon and were priced at
+99.20 to yield 135 basis points over the off-the-run 9-1/4 pct
+Treasury bonds of 2016.
+    Non-refundable for five years, the issue is rated A-2 by
+Moody's and A-plus by Standard and Poor's. Goldman Sachs
+co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11578" NEWID="6665">
+<DATE>18-MAR-1987 13:35:57.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8906&#31;reute
+u f BC-TALKING-POINT/GENCORP   03-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/GENCORP INC &lt;GY></TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    New York, March 18 - </DATELINE><BODY>The surprise 2.2 billion-dlr tender
+offer for Ohio-based conglomerate GenCorp Inc will not be
+enough to buy the company, analysts said.
+    Analysts estimated the 100 dlr-per-share offer from General
+Partners is 10 to 20 dlrs per share below the breakup value of
+GenCorp. However, market sources and analysts said  uncertainty
+surrounds any transaction because of the legal challenges to
+Gencorp broadcasting licenses.
+    Gencorp's stock rose 15-3/4 to 106-1/4 in heavy trading.
+    "The expectation is either there will be someone else or
+the bidder will sweeten the offer hoping to get management's
+cooperation," said Larry Baker, an analyst with E.F. Hutton
+group.
+    Analysts said there is concern about challenges to
+Gencorp's broadcast licenses for two television and 12 radio
+stations. Some of the disputes, dating back about 20 years,
+were brought by groups that alleged improper foreign payments
+and political contributions.
+    "I think it kind of muddies an already muddy situation,"
+said Baker of the offer.
+    Some arbitragers said they were concerned the ongoing issue
+might be a stumbling block or result in a long period of time
+for any transaction.
+    A source close to General Partners, however, said General
+Partners would apply to the Federal Communications Commission
+for special temporary authority to hold the broadcast stations.
+The source said if approved, the authority would allow a
+transaction to be carried out.
+    If it received the "short-form" approval, General Partners
+would set up a trust which would hold the broadcasting
+properties until the licensing situation is resolved.
+    General Partners is equally owned by investors Wagner and
+Brown and glass-maker AFG Industries Inc.
+    Some market sources speculated an outside buyer, such as
+General Partners, might even be be a catalyst to resolution of
+the challenges since it would carry out GenCorp's plan to sell
+the stations.
+    GenCorp earlier this month reached an agreement with Walt
+Disney Co to sell its Los Angeles television station, WHJ-TV.
+Disney would pay 217 mln dlrs to GenCorp and 103 mln dlrs to a
+group that challenged the station's license.
+    GenCorp also has a pending agreement to sell WOR-TV in
+Secaucus, N.J. to MCA Inc for 387 mln dlrs.
+    General Partners said it intends to keep the company's
+plastics and industrial products businesses and its tires and
+related products segment.
+    Charles Rose, an analyst with Oppenheimer and Co, said
+that, on a breakup valuation, the company might be worth as
+much as 125 dlrs per share. Rose estimated the aerospace
+business could bring 30 to 40 dlrs per share or one billion
+dlrs, as would DiversiTech, the plastics unit. Broadcasting,
+including assets pending sale, might be 30 to 40 dlrs per
+share, he said.
+    The company, formerly known as General Tire
+and Rubber Co, also has a tire business Rose estimated would be
+worth five to 10 dlrs per share. He estimated the bottling
+business might also be worth several dollars per share, he
+said.
+    Analysts said GenCorp chairman A. William Reynolds, who
+became chairman last year, has been emphasizing the company's
+Aerojet General and DiversiTech General businesses. GenCorp,
+founded in 1915, became an unfocused conglomerate over the
+years and analysts believe reynolds has helped it to improve.
+    "The management's doing a very fine job in trying to deal
+with the non-strategic assets of the company," Rose said.
+    Analysts expect GenCorp to resist the tender offer, but
+they declined to predict what steps the company might take.
+They said it would be possible the company might consider a
+leveraged buyout or restructuring to fend off the offer.
+    General Partners holds 9.8 pct of GenCorp stock, and there
+was some concern about "greenmail." Greenmail is the payment at
+a premium for an unwanted shareholders' stock.
+    "I would doubt they would greenmail them, but nothing
+surprises me anymore," said Rose.
+    GenCorp has not commented on the offer. It has retained
+First Boston Corp and Kidder, Peabody and Co as advisers.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11579" NEWID="6666">
+<DATE>18-MAR-1987 13:36:23.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8910&#31;reute
+b f BC-******AMERICAN-EXPRES   03-18 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS UP ON RUMORS 10 PCT OF SHEARSON TO BE SOLD TO JAPANESE FIRM, TRADERS SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11580" NEWID="6667">
+<DATE>18-MAR-1987 13:36:40.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8912&#31;reute
+d f BC-UNISYS-&lt;UIS>-HAS-SECU   03-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNISYS &lt;UIS> HAS SECURITY SYSTEM FOR MAINFRAMES</TITLE>
+<DATELINE>    DETROIT, March 18 - </DATELINE><BODY>Unisys Corp said shipments will begin
+in July 1987 of its new security software package to prevent
+unauthorized access to its A series mainframe computers used by
+commercial customers and for government installations.
+    The Infoguard software security module extends the security
+facilities already available on A series computers, it said.
+    Infoguard may be licensed through a five year extended term
+purchase or on a monthly license basis.  The five year ETP
+ranges from 8,450 dlrs on an A 2 mainframe to 34,300 dlrs on an
+A 15 mainframe, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11581" NEWID="6668">
+<DATE>18-MAR-1987 13:36:45.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8913&#31;reute
+d f BC-ADMAC-INC-&lt;JPAC>-3RD   03-18 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADMAC INC &lt;JPAC> 3RD QT JAN 31 LOSS</TITLE>
+<DATELINE>    KENT, Wash., March 18 -
+    </DATELINE><BODY>Shr loss 1.51 dlrs vs profit eight cts
+    Net loss 7,377,000 vs profit 384,000
+    Sales 1,593,000 vs 4,366,000
+    Nine Mths
+    Shr loss 2.24 dlrs vs profit 16 cts
+    Net loss 11,083,000 vs profit 628,000
+    Sales 6,517,000 vs 12.6 mln
+    Avg shrs 4,941,000 vs 3,926,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11582" NEWID="6669">
+<DATE>18-MAR-1987 13:36:53.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8914&#31;reute
+d f BC-PACO-PHARMACEUTICAL-&lt;   03-18 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACO PHARMACEUTICAL &lt;PPS> 2ND QTR FEB 14 NET</TITLE>
+<DATELINE>    LAKEWOOD, N.J., March 18 -
+    </DATELINE><BODY>Shr 19 cts vs 17 cts
+    Net 767,000 vs 676,000
+    Revs 9,476,000 vs 9,091,000
+    Six mths
+    Shr 47 cts vs 44 cts
+    Net 1,897,000 vs 1,719,000
+    Revs 19.5 mln vs 19 mln
+    NOTE: Full name Paco Pharmaceutical Services Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11583" NEWID="6670">
+<DATE>18-MAR-1987 13:37:17.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8917&#31;reute
+d f BC-PUBLICKER-INDUSTRIES   03-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLICKER INDUSTRIES INC &lt;PUL> 4TH QTR LOSS</TITLE>
+<DATELINE>    GREENWICH, Conn., March 18 -
+    </DATELINE><BODY>Shr loss five cts vs loss 15 cts
+    Net loss 619,000 vs loss 1,730,000
+    Sales 3,138,000 vs 5,667,000
+    Avg shrs 12.5 mln vs 11.5 mln
+    Year
+    Shr loss four cts vs loss 40 cts
+    Net loss 343,000 vs loss 3,963,000
+    Sales 13.4 mln vs 35.3 mln
+    Avg shrs 12.5 mln vs 10.3 mln
+    NOTE: 1986 year net includes gain 1,678,000 dlrs from
+settlement of litigation with Belcher Oil Co, 375,000 dlr
+provision connected with resignation of former president, legal
+settlements and costs of 1,074,000 dlrs and 552,000 dlrs in
+expenses from closing of contract packaging division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11584" NEWID="6671">
+<DATE>18-MAR-1987 13:37:45.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8920&#31;reute
+d f BC-PUBLICKER-&lt;PUL>-TO-GE   03-18 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLICKER &lt;PUL> TO GET CLEAN 1986 AUDIT OPINION</TITLE>
+<DATELINE>    GREENWICH, Conn., March 18 - </DATELINE><BODY>Publicker Industries Inc said
+its will receive an unqualified opinion on 1986 financial
+statements from auditor Arthur Andersen and Co and the opinion
+on its 1985 statements will be changed to unqualified from
+qualified.
+    The company said the 1985 opinion had been qualified due to
+the uncertainty of the ultimate amount recoverable from the
+assets of its British beverage division.  It said it has been
+in the process of substantially reducing its inventory of
+Scotch whisky and intends to complete the reduction by the end
+of 1987.  It said it expects to recover its 12 mln dlr
+investment in the division by the end of the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11585" NEWID="6672">
+<DATE>18-MAR-1987 13:37:53.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8921&#31;reute
+d f BC-BIONOMIC-SCIENCES-INT   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIONOMIC SCIENCES INTERNATIONAL INC &lt;BSII> LOSS</TITLE>
+<DATELINE>    FENTON, Mo., March 18 - </DATELINE><BODY>2nd qtr Jan 31 end
+    Shr loss three cts vs loss nine cts
+    Net loss 112,400 vs loss 275,400
+    Sales 318,100 vs 23,600
+    Avg shrs 4,294,300 vs 3,028,326
+    1st half
+    Shr profit four cts vs loss 14 cts
+    Net profit 165,600 vs loss 409,100
+    Sales 546,600 vs 44,400
+    Avg shrs 4,189,700 vs 3,028,326
+    NOTE: Current year net includes gains on sale of assets of
+25,000 dlrs in quarter and 396,000 dlrs in half.
+    Net includes extraordinary loss 10,000 dlrs vs nil in
+quarter and loss 10,000 dlrs vs profit 106,300 dlrs in half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11586" NEWID="6673">
+<DATE>18-MAR-1987 13:37:57.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8922&#31;reute
+s f BC-PIEDMONT-AVIATION-INC   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT AVIATION INC &lt;PIE> SETS QUARTERLY</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., March 18 -
+    </DATELINE><BODY>Qtly div eight cts vs eight cts prior
+    Pay May 18
+    Record May One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11587" NEWID="6674">
+<DATE>18-MAR-1987 13:39:39.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8925&#31;reute
+d f BC-BIONOMIC-SCIENCES-&lt;BS   03-18 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIONOMIC SCIENCES &lt;BSII> SEES PROFITABILITY</TITLE>
+<DATELINE>    FENTON, Mo., March 18 - </DATELINE><BODY>Bionomic Sciences International Inc
+said it expects to start operating profitably by the fourth
+quarter.
+    The company today reported a profit of 165,600 dlrs for the
+first half ended January 31 -- after a 396,000 dlr gain on the
+sale of assets and a 10,000 dlr extraordinary loss.  A year
+before it lost 409,100 dlrs after a 106,300 dlr extraordinary
+gain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11588" NEWID="6675">
+<DATE>18-MAR-1987 13:40:33.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8926&#31;reute
+b f BC-******EACH-NORSTAR-SH   03-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NORSTAR SHAREHOLDERS TO GET 1.2 FLEET FINANCIAL SHRS PER NORSTAR SHARE IN MERGER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11589" NEWID="6676">
+<DATE>18-MAR-1987 13:41:28.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f8928&#31;reute
+r f BC-RYDER-SYSTEM-&lt;RDR>-SE   03-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RYDER SYSTEM &lt;RDR> SELLS NOTES AND BONDS</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Ryder System Inc is raising 175 mln
+dlrs through offerings of notes and bonds, said lead manager
+Salomon Brothers Inc.
+    A 75 mln dlr issue of notes due 1994 was given a 7-3/4 pct
+coupon and was priced at 99.825 to yield 7.782 pct, or 80 basis
+points over comparable Treasury paper. The notes are
+non-callable for five years.
+    A 100 mln dlr offering of 30-year bonds bears an 8-3/4 pct
+coupon and was priced at 99.60 to yield 8.788 pct, or 120 basis
+points over Treasuries. The bonds are non-callable for 10
+years. The debt is rated A-2 by Moody's and A by S and P.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11590" NEWID="6677">
+<DATE>18-MAR-1987 13:41:40.53</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f8929&#31;reute
+u f BC-NEGOTIATORS-PUT-FINAL   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEGOTIATORS PUT FINAL TOUCHES TO NEW RUBBER PACT</TITLE>
+<DATELINE>    GENEVA, March 18 - </DATELINE><BODY>Rubber producing and consuming
+countries, which agreed on the bases of a new International
+Natural Rubber Agreement (INRA) last weekend, are now putting
+the final touches to the future accord, delegates said.
+    They said discussions are focusing on conditions for entry
+into force of the new INRA. The present pact, which expires in
+October, required that governments accounting for 80 pct of
+world exports and 80 pct of world imports approved or ratified
+the pact before it became operational.
+    Delegates said figures now being floated range between 65
+and 80 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11591" NEWID="6678">
+<DATE>18-MAR-1987 13:41:45.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f8930&#31;reute
+r f BC-CONTINENTAL-MEDICAL-&lt;   03-18 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL MEDICAL &lt;CONT> PLANS DEBT FILING</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Continental Medical Systems Inc said
+it plans to file with the Securities and Exchange Commission a
+registration statement covering about 25 mln dlrs of
+convertible subordinated debentures.
+    The company said it expects to file with the SEC within the
+next two to three weeks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11592" NEWID="6679">
+<DATE>18-MAR-1987 13:42:14.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8933&#31;reute
+d f BC-CERADYNE-INC-&lt;CRDN>-4   03-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CERADYNE INC &lt;CRDN> 4TH QTR LOSS</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 18 -
+    </DATELINE><BODY>Shr loss 22 cts vs profit 10 cts
+    Net loss 1,056,000 vs profit 427,000
+    Sales 5,440,000 vs 4,982,000
+    Avg shrs 5,229,542 vs 4,435,691
+    Year
+    Shr profit one ct vs profit 26 cts
+    Net profit 29,000 vs profit 993,000
+    Sasles 19.1 mln vs 16.6 mln
+    Avg shrs 4,947,632 vs 3,780,543
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11593" NEWID="6680">
+<DATE>18-MAR-1987 13:42:53.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8935&#31;reute
+d f BC-FINANCIAL-BENEFIT-GRO   03-18 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL BENEFIT GROUP INC &lt;FBGIA> YEAR LOSS</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 18 -
+    </DATELINE><BODY>Shr loss 11 cts vs loss 48 cts
+    Net loss 254,000 vs loss 784,000
+    Revs 94.1 mln vs 47.3 mln
+    Avg shrs 2,317,000 vs 1,642,000
+    NOTE: Share adjusted for stock dividend and reverse split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11594" NEWID="6681">
+<DATE>18-MAR-1987 13:43:03.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8936&#31;reute
+d f BC-MEGAPHONE-INTERNATION   03-18 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEGAPHONE INTERNATIONAL INC &lt;INFL> 4TH QTR LOSS</TITLE>
+<DATELINE>    SAN FRANCISCO, March 18 -
+    </DATELINE><BODY>Oper shr loss three cts vs loss three cts
+    Oper net loss 388,000 vs loss 452,000
+    Revs 1,425,000 vs 1,126,000
+    Year
+    Oper shr loss 26 cts vs loss 15 cts
+    Oper net loss 3,604,000 vs loss 2,108,000
+    Res 5,712,000 vs 6,604,000
+    NOTE: 1986 net both periods excludes 413,000 dlr gain from
+settlement of old obligations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11595" NEWID="6682">
+<DATE>18-MAR-1987 13:43:25.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8938&#31;reute
+h f BC-BUTLER-&lt;BTLR>-COMPLET   03-18 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUTLER &lt;BTLR> COMPLETES SALE OF LIVESTOCK UNIT</TITLE>
+<DATELINE>    KANSAS CITY, MO., March 18 - </DATELINE><BODY>Butler Manufacturing Co said
+it completed sale of its Livestock Systems division and part of
+its Control division in separate transactions to two unrelated
+parties.
+    Butler's livestock systems division was sold to an investor
+group including the president of the operations and certain
+Control division assets were sold to Minneapolis-based Enercon
+Data Corp.
+    Terms of the transactions were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11596" NEWID="6683">
+<DATE>18-MAR-1987 13:43:32.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8939&#31;reute
+s f BC-CAROLINA-POWER-AND-LI   03-18 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAROLINA POWER AND LIGHT CO &lt;CPL> QTLY DIV</TITLE>
+<DATELINE>    RALEIGH, N.C., March 18 -
+    </DATELINE><BODY>Qtly div 69 cts vs 69 cts prior
+    Payable May one
+    Record APril 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11597" NEWID="6684">
+<DATE>18-MAR-1987 13:43:38.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8940&#31;reute
+s f BC-AMERICAN-INTERNATIONA   03-18 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN INTERNATIONAL GROUP &lt;AIG> QTLY DIV</TITLE>
+<DATELINE>    NEW YORK, March 18 -
+    </DATELINE><BODY>Qtly div 6-1/4 cts vs 6-1/4 cts prior
+    Pay June 19
+    Record June 5
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11598" NEWID="6685">
+<DATE>18-MAR-1987 13:43:43.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8941&#31;reute
+s f BC-ROCHESTER-GAS-AND-ELE   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCHESTER GAS AND ELECTRIC CORP &lt;RGS> IN PAYOUT</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 18 -
+    </DATELINE><BODY>Qtly div 55 cts vs 55 cts prior
+    Pay April 25
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11599" NEWID="6686">
+<DATE>18-MAR-1987 13:43:47.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8942&#31;reute
+s f BC-SERVICE-CORP-INTERNAT   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVICE CORP INTERNATIONAL &lt;SRV> SETS QUARTERLY</TITLE>
+<DATELINE>    HOUSTON, March 18 -
+    </DATELINE><BODY>Qtly div eight cts vs eight cts prior
+    Pay April 30
+    Record April 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11600" NEWID="6687">
+<DATE>18-MAR-1987 13:51:21.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8963&#31;reute
+u f BC-VALLEY-RESOURCES-&lt;VR>   03-18 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALLEY RESOURCES &lt;VR> SETS SPLIT, RAISES PAYOUT</TITLE>
+<DATELINE>    CUMBERLAND, R.I., March 18 - </DATELINE><BODY>Valley Resources Inc said its
+board declared a three-for-two stock split and raised the
+quarterly dividend to 42 cts per share presplit from 38 cts,
+both payable April 15, record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11601" NEWID="6688">
+<DATE>18-MAR-1987 13:51:32.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8964&#31;reute
+r f BC-VALERO-NATURAL-GAS-&lt;V   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALERO NATURAL GAS &lt;VLP> OFFERING UNDERWAY</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, March 18 - </DATELINE><BODY>Valero Energy Corp &lt;VLO>
+said Valero Natural Gas Partners L.P. was making an initial
+public offering of 9.5 mln units at 22.75 dlrs a unit.
+    It said a subsidiary will own a 49 pct stake in Valero
+Natural Gas. The offering is being managed by Shearson Lehman
+Bros Inc, Goldman Sachs and Co, E.F. Hutton and Co Inc, and
+Dean Witter Reynolds Inc.
+    Valero Natural Gas was formed to buy Valero Energy's
+natural gas pipeline and liquid assets. It will use the
+proceeds from the offering and a 550 mln dlr private placement
+of first mortgage notes for the purchase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11602" NEWID="6689">
+<DATE>18-MAR-1987 13:51:44.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f8966&#31;reute
+u f BC-******NORSTAR-BANCORP   03-18 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORSTAR &lt;NOR>, FLEET &lt;FLT> OUTLINE MERGER</TITLE>
+<DATELINE>    PROVIDENCE, R.I., March 18 - </DATELINE><BODY>Fleet Financial Group said
+that its board and the board of Norstar Bancorp have agreed to
+merge the two bank holding companies in a transaction which
+would create a 23 billion dlr asset bank holding company.
+    Under terms of the transaction, each Norstar shareholder
+will receive 1.2 shares of Fleet common stock based on the
+number of Fleet shares after giving effect to a previously
+announced April one Fleet stock split.
+     The two-for-one stock split will increase Fleet's
+currently 25.7 mln outstanding shares to 51.5 shares. There are
+about 34.9 mln Norstar shares outstanding.
+    Fleet said the deal is expected to be completed by July one
+1988, the date on which the nationalization of Rhode Island's
+interstate banking law takes effect.
+    For the full year ended december 31, Fleet, a Rhode Island
+based bank holding company, reported net income of 136.7 mln
+dlrs and assets of 11.7 billion dlrs. Norstar, an Albany N.y.
+holding company, reported net income of 104.8 mln dlrs and
+assets of 11.1 billion dlrs.
+     Fleet comptroller Irv Goss said it is estimated that the
+transaction will result in minimal dilution in Fleet/Norstar
+earnings per share. It is the intention of both companies that
+cash quarterly dividends following the combination not decline
+for either company's stock holders, the company said.
+    For 1986, Norstar issued 1.31 dlrs annually in cash
+dividends on its common stock. Fleet's current annual
+distibution on a pre-split basis would be equivalent to 1.68
+dlrs a share.
+    In addition, Fleet and Norstar have each granted the other
+an option to purchase such number of authorized buy unissued
+shares of common stock, that will constitute 24.99 pct of the
+fully diluted shares outstanding.
+    The transaction is subject to both regulatory and
+shareholder approval.
+    The companies said that after the proposed merger, the
+combined banking holding wil be among the 25 largest in the
+country.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11603" NEWID="6690">
+<DATE>18-MAR-1987 13:52:06.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f8968&#31;reute
+r f BC-WEEKLY-ELECTRIC-OUTPU   03-18 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEEKLY ELECTRIC OUTPUT UP 4.9 PCT FROM 1986</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>U.S. power companies generated a net
+48.31 billion kilowatt-hours of electrical energy in the week
+ended March 14, up 4.9 pct from 46.06 billion a year earlier,
+the Edison Electric Institute (EEI) said.
+    In its weekly report on electric output, the electric
+utility trade association said electric output in the week
+ended March 7 was 47.97 billion kilowatt-hours.
+    The EEI said power production in the 52 weeks ended March
+14 was 2,556.32 billion kilowatt hours, up 2.1 pct from the
+year-ago period.
+    Electric output so far this year was 554.79 billion
+kilowatt hours, up 2.1 pct from 543.15 billion last year, the
+EEI said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11604" NEWID="6691">
+<DATE>18-MAR-1987 13:52:20.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8970&#31;reute
+r f BC-UNISYS-&lt;UIS>-MERGES-U   03-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNISYS &lt;UIS> MERGES UNIX COMPUTER SYSTEMS</TITLE>
+<DATELINE>    DETROIT, March 18 - </DATELINE><BODY>Unisys Corp said that UNIX OS-based
+computer systems previously offered by Sperry and Burroughs
+have been merged into a single family of products.
+    It said completeness of product line, brand recognition and
+commitment to customers and original equipment manufacturer
+vendors prompted the move.
+    Unisys UNIX OS products consist of compatible software
+packages, terminals and printers for use in such applications
+as small business accounting systems to networking requirements
+of distributed processing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11605" NEWID="6692">
+<DATE>18-MAR-1987 13:52:28.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f8971&#31;reute
+r f BC-DELTA-NATURAL-GAS-&lt;DG   03-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTA NATURAL GAS &lt;DGAS> SELLS DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Delta Natural Gas Co Inc is raising 14
+mln dlrs through an offering of debentures due 2007 with an
+8-5/8 pct coupon and par pricing, said sole manager Edward D.
+Jones and Co.
+    That is 110 basis points more than the yield of comparable
+Treasury securities. The issue is non-callable for five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11606" NEWID="6693">
+<DATE>18-MAR-1987 13:53:05.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f8975&#31;reute
+d f BC-TELEPANEL-TESTING-PRI   03-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEPANEL TESTING PRICING PRODUCT AT KROGER &lt;KR></TITLE>
+<DATELINE>    TORONTO, March 18 - </DATELINE><BODY>&lt;Telepanel Inc> said The Kroger Co, a
+supermarket chain and drug store concern, has purchased and
+will install one of Telepanel's Price and Information Network's
+on a trial basis.
+    Telepanel said it will install the network at a Kroger
+Supermarket in a Dallas suburb.
+    Telepanel said the installation of more than 1,200
+Telepanel price panels, which show price and product
+information on liquid crystal displays at the shelf edge level,
+will be expanded to the full store after a technical evaluation
+period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11607" NEWID="6694">
+<DATE>18-MAR-1987 13:53:23.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f8977&#31;reute
+d f BC-Teck-to-increase-stak   03-18 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECK TO INCREASE STAKE IN TRILOGY RESOURCE</TITLE>
+<DATELINE>    Calgary, Alberta, March 18 - </DATELINE><BODY>&lt;Trilogy Resource Corp> said
+&lt;Teck Corp> agreed to purchase 4.5 mln Trilogy common shares at
+one dlr per share in a private placement, which would increase
+its stake in Trilogy to 37 pct from 29 pct.
+    Trilogy also said its board approved a private placement of
+3.5 mln common shares at a price of 90 cts per share to a group
+of investors.
+    The placement will be made through McNeil Mantha Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11608" NEWID="6695">
+<DATE>18-MAR-1987 13:53:28.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8978&#31;reute
+d f BC-RABBIT-SOFTWARE-&lt;RABT   03-18 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RABBIT SOFTWARE &lt;RABT> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    MALVERN, Pa., March 18 - </DATELINE><BODY>Rabbit Software Corp said it has
+agreed in principle to acquire privately-held communications
+hardware maker Micro Plus II Corp for about two mln common
+shares, with closing expected by May.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11609" NEWID="6696">
+<DATE>18-MAR-1987 13:53:31.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f8979&#31;reute
+d f BC-&lt;altex-resources-ltd>   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ALTEX RESOURCES LTD> YEAR NET</TITLE>
+<DATELINE>    Calgary, Alberta, March 18 -
+    </DATELINE><BODY>Shr six cts vs eight cts
+    Net 643,000 vs 889,000
+    Revs 3,934,000 vs 4,373,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11610" NEWID="6697">
+<DATE>18-MAR-1987 13:53:37.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8980&#31;reute
+d f BC-&lt;AMOUR-INC>-TO-MAKE-A   03-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AMOUR INC> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    PHILADELPHIA, March 18 - </DATELINE><BODY>Amour Inc said it has entered into
+a letter of intent to acquire &lt;Bard International Associates
+Inc> for 70 mln common shares in a transaction that would give
+former Bard shareholders control of the combined company.
+    Bard makes tennis and squash racquets and accessories.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11611" NEWID="6698">
+<DATE>18-MAR-1987 13:53:43.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f8981&#31;reute
+h f BC-EAGLE-ENTERTAINMENT-&lt;   03-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAGLE ENTERTAINMENT &lt;EEGL> ISSUES BONDS</TITLE>
+<DATELINE>    LOS ANGELES, March 18 - </DATELINE><BODY>Eagle Entertainment Inc said its
+subsidiary, Performance Guarantees Inc, issued completion bonds
+for two films with a production value of five mln dlrs.
+    The company said the it would receive 250,000 dlrs in fees
+for providing the completion bonds.
+    Both films, Green Monkey and Street Justice, are being
+produced by Sandy Howard.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11612" NEWID="6699">
+<DATE>18-MAR-1987 13:54:06.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8983&#31;reute
+r f BC-MAY-&lt;MA>-REPORTS-STRO   03-18 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAY &lt;MA> REPORTS STRONG 1ST QTR START</TITLE>
+<DATELINE>    ST. LOUIS, March 18 - </DATELINE><BODY>May Department Stores Co, reporting
+record results for the fourth quarter ended January 31, said it
+is encouraged about the new fiscal year by a strong start in
+February and March.
+    The company said its merger last year with Associated Dry
+Goods, which was accounted for as a pooling of interests, is
+"going very well." May said "We are acting more like one
+company every day. Our expansion schedule is on track."
+    May said it plans to invest more than 600 mln dlrs this
+year to open 11 department stores, eight discount stores and
+more than 240 specialty outlets.
+    The company reported fourth quarter earnings of 213 mln
+dlrs, or 1.38 dlrs a share, up from 195 mln dlrs, or 1.24 dlrs
+a share a year earlier. Revenues advanced to 3.37 billion dlrs
+from 3.12 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11613" NEWID="6700">
+<DATE>18-MAR-1987 14:00:49.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8992&#31;reute
+d f BC-NUTMEG-&lt;NUTM>-IN-NHL   03-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUTMEG &lt;NUTM> IN NHL LICENSING AGREEMENT</TITLE>
+<DATELINE>    TAMPA, Fla., March 18 - </DATELINE><BODY>Nutmeg Industries Inc said it has
+agreed in principle with Licensing Co of America on a license
+to sell "upscale spectator sportswear" for men, women and
+children bearing the logos of all 21 National Hockey League
+clubs.
+    It said the agreement would take effect April One and run
+through June 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11614" NEWID="6701">
+<DATE>18-MAR-1987 14:00:57.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8993&#31;reute
+d f BC-CRAMER-INC-&lt;CRMR>-4TH   03-18 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAMER INC &lt;CRMR> 4TH QTR LOSS</TITLE>
+<DATELINE>    KANSAS CITY, KAN., March 18 -
+    </DATELINE><BODY>Shr loss eight cts vs loss 1.39 dlrs
+    Net loss 94,000 vs loss 1,569,000
+    Sales 6,951,000 vs 5,518,000
+    Year
+    Shr profit four cts vs loss 2.95 dlrs
+    Net profit 41,000 vs loss 3,333,000
+    Sales 25.3 mln vs 22.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11615" NEWID="6702">
+<DATE>18-MAR-1987 14:01:32.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8996&#31;reute
+d f BC-AMERICAN-TRAVELLERS-&lt;   03-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN TRAVELLERS &lt;ATVC> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    WARRINGTON, Pa., March 18 - </DATELINE><BODY>American Travellers Corp said
+it has entered into an agreement to purchase ISL Life Insurance
+Co of Dallas, a corporate shell with active licenses to operate
+in 12 states, for about 400,000 dlrs.
+    The company said closing is expected by late spring and
+will result in American Travellers being licensed in seven new
+states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11616" NEWID="6703">
+<DATE>18-MAR-1987 14:02:14.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f8999&#31;reute
+r f BC-MGM/UA-&lt;MGM>-JOINS-CH   03-18 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MGM/UA &lt;MGM> JOINS CHINA FILM CORP PACT</TITLE>
+<DATELINE>    HOLLYWOOD, Calif., March 18 - </DATELINE><BODY>MGM/UA Communications Co said
+it has joined Paramount Pictures and MCA Inc's &lt;MCA> Universal
+Studios in their agreement with China Film Corp of Beijing to
+distribute motion pictures in China.
+    MGM said it is also joining a venture to license two hours
+a week of primetime television programming to China's national
+television network.
+    Revenues will be derived from advertising time for U.S. and
+foreign companies, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11617" NEWID="6704">
+<DATE>18-MAR-1987 14:05:26.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9008&#31;reute
+d f BC-NAVISTAR&lt;NAV>,-DINA-C   03-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAVISTAR&lt;NAV>, DINA CAMIONES IN TECHNICAL PACT</TITLE>
+<DATELINE>    CHICAGO, March 18 - </DATELINE><BODY>Navistar International Corp said it and
+Dina Camiones, a truck subsidiary of Diesel Nacional, a Mexican
+government company, said they signed a technical assistance
+agreement.
+    It said the agreement provides for Navistar to provide
+technical knowledge and assistance to Dina Camiones for the
+production of International S-Series medium and heavy trucks
+for sale and distribution in Mexico, Central and South America.
+    It said production of the ne wmodels by Dina is expected to
+begin in January 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11618" NEWID="6705">
+<DATE>18-MAR-1987 14:05:51.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9009&#31;reute
+s f BC-OHIO-ART-CO-&lt;OAR>-SET   03-18 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OHIO ART CO &lt;OAR> SETS QUARTERLY</TITLE>
+<DATELINE>    BRYAN, Ohio, March 18 -
+    </DATELINE><BODY>Qtly div six cts vs six cts prior
+    Pay May Eight
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11619" NEWID="6706">
+<DATE>18-MAR-1987 14:07:09.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9011&#31;reute
+d f BC-THERMO-ELECTRON-&lt;TMO>   03-18 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERMO ELECTRON &lt;TMO> UNIT GETS TURBINE ORDERS</TITLE>
+<DATELINE>    WALTHAM, MASS, March 18 - </DATELINE><BODY>Thermo Electron Corp said its
+British subsidiary, Peter Brotherhood Ltd, received five mln
+dlrs in order for steam turbine and turbine generator systems
+during the first quarter of fiscal 1987.
+    It said Peter Brotherhood's current backlog is 20 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11620" NEWID="6707">
+<DATE>18-MAR-1987 14:08:13.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9016&#31;reute
+u f BC-AMERICAN-EXPRESS-&lt;AXP   03-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS &lt;AXP> UP ON SHEARSON RUMORS</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>American Express Co climbed 2-1/2 to
+80-1/8 on rumors the company was about to announce an agreement
+to sell 10 pct of its Shearson Lehman Brothers unit to Nippon
+bLife Insurance of Japan, traders said.
+    Speculation about an impending deal, rumored to be worth
+600 mln dlrs, also sent shares of other U.S. brokerages up
+sharply. PaineWebber Group Inc &lt;PWJ> gained 1-5/8 to 37-1/8 and
+Merrill Lynch and Co Inc &lt;MER> rose 1-3/8 to 42-7/8.
+    American Express officials declined comment but cited a
+statement it released more than two weeks ago in which it said
+it was studying matters of strategic importance.
+    American Express officials also pointed out the earlier
+statement, issued March one, said it is company policy not to
+comment on rumors or speculation. The earlier announcement also
+said American Express and Shearson were studying options
+including expansion of capacity to meet international
+competition and broadening access to capital.
+    The latest rumors originated in Tokyo, traders said.
+    If the rumors are true "it gives them a nice infusion of
+capital for an attractive price," said Lawrence Eckenfelder,
+analyst at Prudential-Bache Securities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11621" NEWID="6708">
+<DATE>18-MAR-1987 14:08:21.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f9017&#31;reute
+u f BC-CONT'L-ILLINOIS-SEES   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONT'L ILLINOIS SEES MONTHS OF BRAZIL DEBT TALKS</TITLE>
+<DATELINE>    CHICAGO, March 18 - </DATELINE><BODY>Continental Illinois Corp's &lt;CIL>
+Chairman John Swearingen said he sees negotiations to
+reschedule Brazil's debt payments taking at least three to six
+months.
+    Brazil declared last month a moratorium on payment of
+interest on its medium- and long-term debts. The moratorium is
+expected to persist the entire time that debt scheduling talks
+are under way.
+    "I believe it will take three to six months, maybe longer,
+for an arrangement to be worked out to reschedule Brazil's
+debt," Swearingen told reporters at a press briefing.
+    "I think Brazil will pay its debts in the long run. Just
+how long the run is is anybody's guess," Swearingen said.
+    Earlier the bank holding company said Brazil's moritorium
+may force it to increase non-performing loans by 380 mln dlrs
+and reduce pretax and net income by 10 mln dlrs in the first
+quarter and 35 mln dlrs for the full year.
+    The bank will decide March 31 whether to characterize these
+loans as non-performing, William Ogden, chairman of the
+Continental Illinois National Bank and Trust Co of Chicago,
+Continental's largest subsidiary, said in response to an
+inquiry.
+    Ogden said the moratoriums will affect both pretax and net
+income equally because the banking firm has tax credits to use.
+    Swearingen predicted an increase in operating profits for
+1987 because he sees higher income and reduced expenses.
+Continental will reduce expenses through job cuts and reducing
+office rental costs. In 1986 it cut about 850 positions.
+    In 1986 it had net profits of 165.2 mln dlrs or 60 cts a
+share, up from 150.5 mln dlrs or 53 cts a share.
+    The bank transferred 459 mln dlrs of poor-quality loans and
+other assets to the Federal Deposit Insurance Corp, FDIC,
+during 1986. It can transfer bad loans under the terms of the
+1984 restructuring agreement with the government.
+    The bank will transfer the remaining 460 mln dlrs that it
+is entitled to transfer to FDIC by September 26, 1987,
+Swearingen said. It will choose loans based on ultimate loss
+rather than their immediate effect on non-performing loans.
+    In 1986 the bank's loans to the Midwest's middle market
+rose 20 pct at a time of overall weak loan demand in the U.S.
+    Concerning banking acquisitions, Swearingen said the bank
+would like to buy additional suburban Chicago banks. In 1986 it
+bought three small suburban banks.
+    Swearingen said he is concerned that Continental will be
+taken over because no bank in the Midwest region is large
+enough to buy it, and New York money center banks are
+prohibited by law from buying Illinois banks.
+    He said, however, that the FDIC still has control over who
+will eventually own the firm because it still holds the
+equivalent of 148 mln common shares out of a total 215 mln.
+    The FDIC sold 52 mln shares to the public last year and has
+said it intends to sell the rest as quickly as possible. The
+agency received the shares as part of its 4.5 billion dlrs 1984
+bailout of the bank.
+    Swearingen, who came out of retirement in 1984 to head the
+struggling banking firm after a career as an oil industry
+executive, said he will retire when the three-year period he
+agreed to be Continental chairman ends in August. He would not
+comment on a successor.
+    The bank will expand its First Options of Chicago options
+clearning unit into Tokyo, Swearingen said, but said its
+doubtful lending to Japan will occur because that country
+doesn't need external sources of cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11622" NEWID="6709">
+<DATE>18-MAR-1987 14:08:25.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9018&#31;reute
+r f BC-RELIABLE-LIFE-INSURAN   03-18 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RELIABLE LIFE INSURANCE CO &lt;RLIFA> UPS DIVIDENDS</TITLE>
+<DATELINE>    ST. LOUIS, March 18 -
+    </DATELINE><BODY>Qtly div Class A 27.5 cts vs 26.4 cts prior
+    Qtly div Class B 2.5 cts vs 2.4 cts prior
+    Pay June One
+    Record May One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11623" NEWID="6710">
+<DATE>18-MAR-1987 14:09:30.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9024&#31;reute
+r f BC-CROSS-AND-TRECKER-&lt;CT   03-18 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CROSS AND TRECKER &lt;CTCO> TO SELL UNIT</TITLE>
+<DATELINE>    CLEVELAND, March 18 - </DATELINE><BODY>Cross and Trecker Corp said its
+Warner and Swasey subsidiary will seek to sell its Grinding
+Division to focus on other areas of its business.
+    The company said the Grinding Division had sales last year
+of about 18 mln dlrs. It makes grinding machines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11624" NEWID="6711">
+<DATE>18-MAR-1987 14:11:32.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9029&#31;reute
+d f BC-NOVAR-ELECTRONICS-COR   03-18 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVAR ELECTRONICS CORP &lt;NOVR> 4TH QTR JAN THREE</TITLE>
+<DATELINE>    BARBERTON, Ohio, March 18 -
+    </DATELINE><BODY>Shr loss eight cts vs loss eight cts
+    Net loss 220,724 vs loss 210,120
+    Revs 4,194,466 vs 4,224,633
+    Year
+    Shr profit eight cts vs profit four cts
+    Net profit 207,514 vs profit 98,050
+    Revs 17.8 mln vs 16.1 mln
+    NOTE: Quarter net includes tax credits of 162,600 dlrs vs
+236,100 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11625" NEWID="6712">
+<DATE>18-MAR-1987 14:12:30.58</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f9032&#31;reute
+r f BC-CONSOLIDATED-NATURAL   03-18 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED NATURAL &lt;CNG> FORMS TRADING UNIT</TITLE>
+<DATELINE>    PITTSBURGH, March 18 - </DATELINE><BODY>Consolidated Natural Gas Co said it
+has received Securities and Exchange Commission approval to
+establish a wholly-owned natural gas marketing subsidiary
+called CNG Trading Co.
+    It said the new unit will operate in New York,
+Pennsylvania, Ohio, West Virginia, Louisiana and Texas and
+compete with other markets for delivery of low-cost natural gas
+supplies.
+    Consolidated said customers' needs will be met from a wide
+range of low cost sources, including the spot market,
+independent producers and brokers, and Consolidated's producing
+affiliates - CNG Development Co of Pittsburgh, and CNG
+Producing Co based in New Orleans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11626" NEWID="6713">
+<DATE>18-MAR-1987 14:12:34.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9033&#31;reute
+d f BC-CORRECTION---FEDERAL   03-18 0045</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - FEDERAL PAPER &lt;FBT> RAISES PAYOUT
+    In item appearing March 17 please read headline "FEDERAL
+PAPER BOARD CO &lt;FBT> RAISES PAYOUT."
+    Also please read ... Qtly div 17-1/2 cts vs 17-1/4 cts.
+    Corrects headline and dividend figure to show payout was
+raised.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11627" NEWID="6714">
+<DATE>18-MAR-1987 14:13:55.52</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f9037&#31;reute
+r f BC-shell-canada-to-sell   03-18 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL CANADA &lt;SHC> TO SELL TANKERS TO SOCANAV</TITLE>
+<DATELINE>    MONTREAL, March 18 - </DATELINE><BODY>Shell Canada Ltd said its Shell Canada
+Products Ltd unit will sell three tankers, effective April one,
+1987, to &lt;Socanav Inc>.
+    Terms were not disclosed.
+    Shell also said it will contract exclusively from Socanav
+normal marine distribution requirements for domestic markets,
+with some exceptions, for an initial 10-year period.
+    Shell also said its Shell Canadian Tankers Ltd unit will
+lay off 13 employees and that Socanav will offer jobs to 41
+employees.
+   The three Shell vessels are Lakeshell, Eastern Shell and
+Northern Shell, which range in size from 6,000 to 10,000
+tonnes, Shell said.
+   Shell Canada is 72 pct owned by Royal Dutch/Shell Group
+&lt;RD>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11628" NEWID="6715">
+<DATE>18-MAR-1987 14:15:16.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9038&#31;reute
+b f BC-******CAROLINA-POWER   03-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CAROLINA POWER AND LIGHT CANCELS COAL-FIRED MAYO TWO POWER UNIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11629" NEWID="6716">
+<DATE>18-MAR-1987 14:15:36.53</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f9039&#31;reute
+u f BC-EC-WARNS-CONGRESS-ON   03-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC WARNS CONGRESS ON NEW TRADE BILL</TITLE>
+<AUTHOR>    By Robert Trautman</AUTHOR>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The European Community (EC) has
+warned the U.S. House of Representatives that tough trade
+legislation it is considering could prompt retaliation by U.S.
+trading partners.
+    The warning was sent in a letter from Sir Roy Denman, head
+of the EC delegation in Washington, to Dan Rostenkowski,
+chairman of the House Ways and Means Committee.
+    A copy of the letter was made available to Reuters.
+    Denman told Rostenkowski, an Illinois Democrat, he backed
+aspects of the bill, such as one backing new talks under the
+GATT and one excluding protection for the textile industry.
+    But Denman disagreed with other provisions which would
+require President Reagan to take retaliatory trade action
+against nations with large trade surpluses with the U.S. and
+would set new standards for judging unfair foreign trade
+practices.
+    Denman told Rostenkowski that GATT regulations prohibit
+member nations from taking unilateral retaliatory action in
+trade disputes unless the action is GATT-approved.
+    He said "If the Congress makes retaliatory action mandatory,
+then the United States would be in violation of its
+international legal obligations and on a collision course with
+its major trading partners."
+    Denman added that a president should have flexibility in
+enforcing trade laws, saying "in the last resort, any
+administration must take its decision in light of the overall
+national interest."
+    Otherwise, he said, "the risk would be counter-reaction by
+trading partners of the United States, i.e., retaliation or
+enactment of mirror image legislation to be employed against
+imports from the United States."
+    Denman also said Congress could prompt retaliation if it
+reduced the threshhold of unfair trade by making it easier for
+firms to file unfair trade practice claims.
+    Retaliation could also be prompted by relaxing standards
+for findings that imports were injuring U.S. firms.
+    "Changes in these standards must be agreed upon
+multilaterally. They cannot be imposed by the United States
+alone on the world trading system," he said.
+    House leaders have rejected a plan by textile-state
+legislators to add to the trade bill a provision to curb
+imports of cloth and clothing, similar to a measure passed two
+years ago but vetoed by President Reagan.
+    There was concern by the leaders that Reagan would veto the
+entire trade bill because of the textile amendment.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11630" NEWID="6717">
+<DATE>18-MAR-1987 14:17:08.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9044&#31;reute
+r f BC-SCOTT-PAPER-&lt;SPP>-TO   03-18 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT PAPER &lt;SPP> TO UPGRADE PULP FACILITIES</TITLE>
+<DATELINE>    PHILADELPHIA, March 18 - </DATELINE><BODY>Scott Paper Co said it will spend
+70 mln dlrs to upgrade pulping facilities at its paper plant in
+Westbrook, Me.
+    The company said the effort is part of its plan to reduce
+costs by increasing the integration of its pulping facilities
+with its papermaking operations.
+    Construction is expected to start in early April with
+completion of the entire project scheduled for the end of 1988,
+the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11631" NEWID="6718">
+<DATE>18-MAR-1987 14:23:55.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9056&#31;reute
+r f BC-PACIFIC-EASTERN-ADDS   03-18 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC EASTERN ADDS THREE TRUCKING OPERATIONS</TITLE>
+<DATELINE>    HOUSTON, March 18 - </DATELINE><BODY>&lt;Pacific Eastern Corp> said it added
+three trucking operations to its affiliate program totaling
+about 6.7 mln dlrs in annual revenue.
+    The company said the addition brings to 10 to 12 mln dlrs
+its annualized revenues, and predicts that figure will be more
+than 25 mln dlrs by the end of the year.
+    Pacific Eastern said its sales were about six mln dls in
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11632" NEWID="6719">
+<DATE>18-MAR-1987 14:25:03.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9057&#31;reute
+b f BC-FAIRCHILD-PRESIDENT-S   03-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAIRCHILD PRESIDENT SEEKING MANAGEMENT BUYOUT</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 18 - </DATELINE><BODY>Fairchild Semiconductor Corp
+president Donald Brooks said he intends to take a management
+buyout proposal to the company's parent at some point in the
+future and substantial funding is available for such a
+purchase.
+    Fairchild is owned by Schlumberger Ltd &lt;SLB>.
+    Brooks also told a press conference that if management is
+successful, it may later attempt to take the company public.
+    "I am sure that if such a management buyout is to occur,
+and I am hopeful that it does, the public market is one of the
+avenues we will ultimately have to use to raise capital,"
+Brooks said.
+    Brooks also said the company would continue to attempt an
+exchange of technology and manufacturing agreement with Fujitsu
+Ltd if successful in its buyout bid.
+    Futjitsu withdrew an offer to acquire some 80 pct of
+Fairchild, a semiconductor maker, after U.S. government
+officials expressed opposition to the transaction.
+    Brooks told the news conference that any purchase would be
+in the form of a management buyout and not a leveraged buyout.
+    He also said the transaction could be financed through a
+debt issue or conventional financing from investors.
+    Brooks said management is pleased by a number of investment
+proposals bought to them, but he added, "the investors must be
+willing to invest in the future growth of the company and not
+just selling off assets."
+    Brooks also said he was not aware of any direct
+intervention by the U.S. in an attempt to block the merger.
+    "I am not aware of any direct contact between Washington
+and Fujitsu, but that doesn't mean it doesn't exist," Brooks
+said.
+    He also said Fujitsu executives remain enthusiastic about a
+link with Fairchild.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11633" NEWID="6720">
+<DATE>18-MAR-1987 14:25:13.78</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f9058&#31;reute
+u f BC-HOUSE-FARM-LEADER-SEE   03-18 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE FARM LEADER SEES BILLION DLR BUDGET CUTS</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The 1988 agriculture budget will
+have to be cut by an additional one to two billion dlrs, the
+chairman of a key house agriculture subcommittee said.
+    Implementation of a 0/92 program, a tightening up of the
+use of commodity certificates, and reconstitution of farms are
+possibilities that will be studied to reduce farm spending,
+said Dan Glickman, D-Kans., chairman of the House agriculture
+subcommittee on wheat, soybeans and feedgrains.
+    Speaking at the annual meeting of the National Grain and
+Feed Association, Glickman said he learned this week from the
+House budget committee that the agriculture committee will have
+to reduce the fiscal year 1988 farm budget by up to two billion
+dlrs from the 30 billion dlrs level already approved.
+    Decisions on how to cut the farm budget will have to be
+made very quickly in order to make any impact on the FY 1988
+budget, Glickman added.
+    Glickman also said his committee will not approve USDA's 
+proposal to cut target prices by ten pct per year.
+    "The administration's target price proposals are dead in
+the water," he said.
+    To cut the budget, Glickman said, "everthing is on the
+table," except those moves that would reduce farmers' income.
+    Glickman offered a list of possibilities that his committee
+will study in order to cut farm spending.
+    Implementation of a 0/92 program for 1987 winter wheat and
+1988 feedgrains crops has been introduced by Glickman, which he
+said would result in a 150-200 mln dlr savings for one year.
+    Tightening up on the use of generic (in-kind, or "pik')
+certificates will also be another option his committee will
+study, Glickman said.
+    While not committing himself for or against such action, he
+said lawmakers have to examine recent government findings which
+indicate certificates cost more than cash payments.
+    Glickman said rules for the reconstitution of farms and
+tightening up of the person definition for annual payment
+limitations is another option and could save 100-200 mln dlrs.
+    He also said increasing acreage set-aside requirements by
+five pct for wheat and feedgrains at program sign-up was a move
+that could save about one billion dlrs, but added that he would
+not be in favor of such a change.
+    Glickman also said that the Export Enhancement Program's,
+EEP, spending authority of 1.5 billion dlrs is quickly being
+used up, and Congress will have to decide whether to expand
+this program while making cuts in other areas.
+    Cuts in the EEP program are unlikely, he said.
+    "I don't see right now that the EEP will be on the chopping
+block," Glickman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11634" NEWID="6721">
+<DATE>18-MAR-1987 14:25:33.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9059&#31;reute
+u f BC-CPC-&lt;CPC>-SEES-1987-H   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPC &lt;CPC> SEES 1987 HIGHER EARNINGS PER SHARE</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>CPC International Inc said it expects
+1987 earnings per share to increase over 1986 levels.
+    "We are confident that 1987 will top 1986 in earnings per
+share and are optimistic about our longer-term future as well,"
+the company said in its 1986 annual report.
+    In 1986, CPC earned 219.2 mln dlrs, or 2.30 dlrs a share,
+on revenues of 4.55 billion dlrs compared with income of 142
+mln dlrs or 1.46 dlrs on sales of 4.21 billion dlrs in 1985.
+The share figures are adjusted for a 2-for-1 split paid in
+January.
+    A share buyback program started last year reduced the
+number of shares outstanding to 82.6 mln at year-end 1986 from
+97.2 mln dlrs the end of 1985, adjusted for the split.
+    The food and grocery products company also said it was the
+subject of five stockholder lawsuits and one class action suit,
+filed last November and December in Delaware, New York and New
+Jersey.
+    The suits are related to the company's purchase of its
+shares from Salomon Brothers Inc after Salomon bought a block
+of the stock from Ronald Perelman, who had acquired nearly 3.7
+mln CPC shares, or 7.6 pct of the company, last year.
+    The suits allege the company bought the shares back at an
+artificially inflated price, violating securities laws,
+breaching directors' fiduciary duties and wasting corporate
+assets.
+    CPC said the defendants, which include the company, its
+directors, Salomon and Perelman, deny all the allegations of
+improper conduct and are defending the suits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11635" NEWID="6722">
+<DATE>18-MAR-1987 14:26:22.35</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f9062&#31;reute
+r f BC-ENERGY-INDUSTRY-IN-BE   03-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY INDUSTRY SAID IN BETTER HEALTH</TITLE>
+<AUTHOR>     By PETER ELSWORTH, Reuters</AUTHOR>
+<DATELINE>     DALLAS, March 18 - </DATELINE><BODY>The U.S. oil and gas industry is in
+better health than it was a year ago, according to testimony
+given to the Texas Railroad Commission at its annual state of
+the industry hearing today.
+     The Commission, which regulates the state's oil and gas
+industry, heard testimony from a number of high-level company
+executives reflecting a belief that the recent industry
+downturn had bottomed out.
+     "The attitude expressed here today so far is a great deal
+more optimistic (than last year)," Commissioner James E. (Jim)
+Nugent told Reuters.
+     "It reflects their (the executives) belief that they are
+seeing the bottom of the economic cycle," he added, "and with
+just a few reasonable breaks this industry can begin to move
+again."
+     The energy industry was hard hit by the sharp drop in oil
+prices, which fell from around 30 dlrs a barrel in late 1985 to
+as low as 10 dlrs in mid-1986. Prices have since steadied to
+around 18 dlrs a barrel.
+     At the same time, a number of company executives testified
+that the nation's domestic exploration and production segment
+was still hurting and in need of government help.
+     Production costs are considerably higher in the United
+States than in such areas as the Middle East and as prices fell
+many domestic producers were forced to shut down their
+operations. Currently, there are only about 760 oil rigs
+operating in the United States compared with an average of
+nearly 2,000 in 1985.
+     Citing a study released yesterday by the Department of
+Energy, many said the falling production of domestic oil
+coupled with increasing U.S. demand, was leading to a growing
+dependency on imports, particularly from the politically
+volatile Middle East.
+     "In the U.S., 1986 petroleum production responded to lower
+prices, increasing about 2.5 pct, or 400,000 barrels per day
+(bpd)," said J.S. Simon, General Manager of the Supply
+Department at Exxon Corp &lt;XON>, the nation's largest oil
+company.
+     At the same time, Simon said "U.S. oil production declined
+by 300,000 bpd, the first decline in several years," and "net
+petroleum imports were up 25 pct to 5.3 mln bpd."
+     Noting that while oil prices were expected to remain
+between 13 and 20 dlrs a barrel, depending on OPEC's ability to
+control production, Simon said demand is expected to remain at
+1986 levels, leading to "a significant amount of spare
+worldwide production capacity, in excess of 10 mln bpd."
+     He said the surplus capacity would lead to continued
+volatility and called for "governmental and regulatory policies
+in support of the domestic petroleum industry."
+     Citing the costs recently imposed by the federal
+government through the 1986 tax code changes and "Superfund"
+legislation, Simon called for the repeal of the windfall
+profits tax, total decontrol of natural gas and improved access
+to federal lands for oil and gas exploration.
+     Simon did not mention an oil import fee, which many in the
+industry have called for as a way of building up the nation's
+domestic operations before imports reach such a level that
+national security might be compromised.
+     In yesterday's report, the Energy Department said imports
+could make up 50 pct of U.S. demand by 1995, adding that
+Persian Gulf producers will provide as much as 65 pct of the
+free world's total oil consumption by that date.
+     Arguing that "oil is a political tool in every nation on
+earth," Frank Pitts, chairman of &lt;Pitts Oil Co>, today called
+for a variable oil import fee, among other measures, "before
+the treacherous foothold of the Middle East is irreversible and
+our national security is compromised."
+     Royce Wisenbaker, Chairman of Wisenbaker Production Co,
+agreed, saying that like many federal government programs that
+were set up with good intentions, it would probably turn into a
+"shambles."
+     Wisenbaker added that he was optimistic for the future.
+"For those of us who have managed to hold on, the worst is
+over," he said.
+     Roger Hemminghaus, President of Diamond Shamrock Refining
+and Marketing Co, said he was "enthusiastic about the future,"
+adding that he expected "an increase in profitability by
+midyear."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11636" NEWID="6723">
+<DATE>18-MAR-1987 14:27:03.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9066&#31;reute
+d f BC-NOVAR-ELECTRONICS-&lt;NO   03-18 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVAR ELECTRONICS &lt;NOVR> SEES RESULTS IMPROVING</TITLE>
+<DATELINE>    BARBERTON, Ohio, March 18 - </DATELINE><BODY>Novar Electronics corp said it
+expects improved earnings this year due to a rapid expansion of
+its Logic One computerized buolding management system customer
+base and expectations of good crime deterrent business.
+    The company today reported earnings for the year ended
+January Three of 207,514 dlrs, up from 98,050 dlrs a year
+before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11637" NEWID="6724">
+<DATE>18-MAR-1987 14:27:43.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f9070&#31;reute
+d f BC-bralorne-resources-in   03-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRALORNE RESOURCES IN AGREEMENT WITH LENDERS</TITLE>
+<DATELINE>    Calgary, Alberta, March 18 - </DATELINE><BODY>&lt;Bralorne Resources Ltd> said
+it reached agreement in principle with its long term lenders
+for a debt rescheduling plan.
+    When the agreements are finalized, Bralorne's debt
+structure will be modified so that debt servicing requirements
+match available cash flow for each of the next three years.
+    During that period, principal payments will be deferred, if
+necessary, and interest will be capitalized on a portion of the
+long term debt, it said.
+    Bralorne said it expects these agreements will enable the
+company to operate within its cash flows and provide a stable
+financial environment until the energy industry recovers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11638" NEWID="6725">
+<DATE>18-MAR-1987 14:28:59.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f9074&#31;reute
+u f BC-MITSUI-&lt;MITSY>,-SECUR   03-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUI &lt;MITSY>, SECURITY PACIFIC &lt;SPC> SET PACT</TITLE>
+<DATELINE>    LOS ANGELES, March 18 - </DATELINE><BODY>Mitsui and Co Ltd said it has
+signed a letter of intent with Security Pacific Corp to buy 50
+pct of Japan Security Pacific Finance Co Ltd, for an
+undisclosed sum, to form a joint venture.
+    Japan Security Pacific has assets of 200 mln dlrs.
+    The joint venture will introduce various financial products
+to the customer base of Mitsui and its group of companies, the
+company said.
+    Security Pacific will provide expertise in consumer and
+commercial lending, as well as data processing support.
+    Japan Security Pacific Finance is a wholly-owned subsidiary
+of Security Pacific International Finance Inc, which is owned
+by Security Pacific Corp.
+    Security Pacific said in addition to originating consumer
+and commercial loans and leases, the joint venture will market
+related financial products and services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11639" NEWID="6726">
+<DATE>18-MAR-1987 14:29:15.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f9076&#31;reute
+u f BC-CAROLINA-POWER-&lt;CPL>   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAROLINA POWER &lt;CPL> CANCELS GENERATING UNIT</TITLE>
+<DATELINE>    RALEIGH, N.C., March 18 - </DATELINE><BODY>Carolina Power and Light Co said
+its board has decided to cancel coal-fired Mayo Unit Two, the
+second unit planned for its Mayo Plant in Person County, N.C.
+    The company said the 690,000 kilowatt unit was only about
+one pct complete and was scheduled for commercial service in
+1992.
+    Carolina Power said the status of the unit had been under
+review because of a decision by the North Carolina
+Environmental Management Commission that would have required
+the unit to be equipped with expensive sulphur dioxide-removing
+scrubbers.
+    Carolina Power said Unit One, which has been in operation
+since 1983, meets all air quality regulations without scrubbers
+through the use of low-sulphur coal, and "The addition of
+scrubbers to Mayo Unit Two would have produced only marginal
+air quality improvements."
+    The company said it will be able to purchase lower-cost
+power from Duke Power Co &lt;DUK> for intermediate and peaking
+purposes than the projected cost of power from Mayo Two with
+scrubbers.  It said it will retain the Mayo Two site for later
+development of a generating unit.
+    Carolina Power said Mayo Two was projected to cost about
+877 mln dlrs, including 200 mln dlrs for scrubbers.  "The
+higher construction costs, plus higher operating costs, would
+increase the cost of power produced by Mayo Unit Two with
+scrubbers by about 90 mln dlrs per year."
+    A company spokesman said the company has already spent
+about 23 mln dlrs on Mayo Two. He said no estimate has yet been
+made of the cost of canceling the plant, but the company does
+not expect to take a charge against earnings.  He said Carolina
+Power intends to include the cancellation costs in rate filings
+it will make late this year or early next year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11640" NEWID="6727">
+<DATE>18-MAR-1987 14:30:39.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9083&#31;reute
+d f BC-ICM-PROPERTY-&lt;ICM>-SI   03-18 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICM PROPERTY &lt;ICM> SIGNS LEASE AGREEMENT</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>ICM Property INvestors INc said
+Crestmont Federal Savings and Loan Association signed a
+five-year lease on an office building in the Edison Square
+complex.
+    ICM and Weingarten Group are joint venture partners in the
+Edison, N.Y., complex.
+   Terms of the lease were not immediately available.
+   ICM said it has about 25.1 mln dlrs invested in Edison
+Square.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11641" NEWID="6728">
+<DATE>18-MAR-1987 14:30:47.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9084&#31;reute
+h f BC-PENGUIN-GROUP-&lt;PGC>-R   03-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENGUIN GROUP &lt;PGC> REPORTS ORDERS</TITLE>
+<DATELINE>    BOSTON, March 18 - </DATELINE><BODY>Penguin Group Inc said it told a group
+of analysts that it has started to book orders for its
+L'Ectronique line of costume jewelery and The Simplifier, a
+device which employs artificial intelligence to make computers
+easy to use.
+    Penguin officials were not available to comment on the
+potential market of these products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11642" NEWID="6729">
+<DATE>18-MAR-1987 14:32:51.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9092&#31;reute
+r f BC-ALLISON'S-PLACE-INC-&lt;   03-18 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLISON'S PLACE INC &lt;ALLS> 4TH QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 18 -</DATELINE><BODY>Qtr ends Jan 31
+    Shr seven cts vs 20
+    Net 1,84,000 vs 387,000
+    revs 9.1 mln vs 6.7 mln
+    Avg shrs 2,804,752 vs 1,875,000
+    12 mths
+    shr 13 cts vs 33 cts
+    Net 315,000 vs 627,000
+    revs 32.4 mln vs 24.6 mln
+    Avg shrs 2,475,943 vs 1,875,000
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11643" NEWID="6730">
+<DATE>18-MAR-1987 14:33:20.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9094&#31;reute
+r f BC-CAROLINA-POWER-AND-LI   03-18 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAROLINA POWER AND LIGHT CO &lt;CPL> SETS PAYOUT</TITLE>
+<DATELINE>    RALEIGH, N.C., March 18 -
+    </DATELINE><BODY>Qtly div 69 cts vs 69 cts prior
+    Pay May One
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11644" NEWID="6731">
+<DATE>18-MAR-1987 14:42:11.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9123&#31;reute
+d f BC-PURITAN-BENNETT-&lt;PBEN   03-18 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PURITAN-BENNETT &lt;PBEN> MAKES ACQUISITION</TITLE>
+<DATELINE>    OVERLAND PARK, Kan., March 18 - </DATELINE><BODY>Puritan-Bennedtt Corp said
+it has acquired a majority interest in Medicom Inc, which makes
+a heart monitor for use in diagnosing heart disorders, for
+undisclosed terms.
+    The company said the device will be sold under the name
+Companion Heart Monitor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11645" NEWID="6732">
+<DATE>18-MAR-1987 14:42:20.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9124&#31;reute
+r f BC-MURRAY-OHIO-&lt;MUR>-SEE   03-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MURRAY OHIO &lt;MUR> SEES HIGHER FIRST QUARTER NET</TITLE>
+<DATELINE>    BRENTWOOD, Tenn., March 18 - </DATELINE><BODY>Murray Ohio Manufacturing Co
+said it expects first quarter earnings to be higher than the
+year-ago 4,800,840 dlrs or 1.25 dlrs per share due to excellent
+lawn and garden shipments.
+    The company said bicycle sales were soft early in the
+period, but recent orders and shipments have been running well
+ahead of last year.
+    It said it expects to meet analysts' projections of
+earnings for the full year of 1.50 dlrs per share and it could
+possibly exceed the estimate if orders continue strong.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11646" NEWID="6733">
+<DATE>18-MAR-1987 14:42:49.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9128&#31;reute
+s f BC-DEL-VAL-FINANCIAL-COR   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEL-VAL FINANCIAL CORP &lt;DVL> SETS PAYOUT</TITLE>
+<DATELINE>    BOGOTA, N.J., March 18 -
+    </DATELINE><BODY>Mthly div 14-1/2 cts vs 14-1/2 cts prior
+    Pay July One
+    Record June 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11647" NEWID="6734">
+<DATE>18-MAR-1987 14:42:56.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9129&#31;reute
+r f BC-ENRON-&lt;ENE>-TO-PAY-DI   03-18 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENRON &lt;ENE> TO PAY DIVIDENDS ON PREFERRED</TITLE>
+<DATELINE>    HOUSTON, March 8 - </DATELINE><BODY>Enron Corp said it will pay accrued
+second quarter dividends on the three series of preferred stock
+it will redeem on May 1.
+    The company said it will pay second quarter accrued
+dividends to the redemption date of 53 cts per share on the
+6.40 pct stock, 56 cts on 6.84 pct and 70 cts on 8.48 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11648" NEWID="6735">
+<DATE>18-MAR-1987 14:43:38.25</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9130&#31;reute
+b f BC-/USSR-CORN-BUYING-MAY   03-18 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR CORN BUYING MAY BE 3.5 MLN TONNES--AMSTUTZ</TITLE>
+<DATELINE>    ****WASHINGTON, March 18 - </DATELINE><BODY>The Soviet Union's recent corn
+purchases from the United States could total as much as 3.5 mln
+tonnes, U.S. Agriculture Undersecretary Daniel Amstutz said.
+    "We are not sure how much (Soviets have bought) but we think
+it could be as high as 3.5 mln tonnes," Amstutz told a House
+Agriculture Appropriations Subcommittee.
+    He added that China also will need to import more corn this
+year than earlier anticipated, but he gave no figures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11649" NEWID="6736">
+<DATE>18-MAR-1987 14:44:05.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9131&#31;reute
+u f BC-REPUBLIC-NEW-YORK-&lt;RN   03-18 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC NEW YORK &lt;RNB> CALLS PREFERRED</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Republic New York Corp said it will
+redeem on May 1 all 839,700 shares of its Series A floating
+rate cumulative preferred stock at 51.50 dlrs per share plus
+accrued dividends, or a 1.50 dlr premium over stated value.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11650" NEWID="6737">
+<DATE>18-MAR-1987 14:46:37.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9134&#31;reute
+r f BC-ALLISON'S-PLACE-&lt;ALLS   03-18 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLISON'S PLACE &lt;ALLS> SALES INCREASE IN FEBRUARY</TITLE>
+<DATELINE>    LOS ANGELES, March 18 - </DATELINE><BODY>Allison's Place Inc president
+Marvin Schenker said company-owned stores sales for February
+increased 82 pct over the same period last year.
+    He said comparable store sales in February increased 36
+pct.
+    The company, which owns and franchises a total of 237
+clothing outlets where all articles cost six dlrs, will
+increase that figure to seven dlrs starting March 1, Schenker
+said.
+    He said the impact of that boost will start to be felt in
+the early part of the company's second quarter and continue
+throughout the year.
+    Schenker said costs of the company's merchandise will not
+increase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11651" NEWID="6738">
+<DATE>18-MAR-1987 14:47:11.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9137&#31;reute
+b f BC-BORMAN'S-INC-&lt;BRF>-4T   03-18 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORMAN'S INC &lt;BRF> 4TH QTR NET</TITLE>
+<DATELINE>    DETROIT, March 18 -
+    </DATELINE><BODY>Shr 1.10 dlrs vs 1.33 dlrs
+    Net 3,065,000 vs 3,730,000
+    Sales 273.9 mln vs 241.0 mln
+    Year
+    Shr 3.27 dlrs vs 2.62 dlrs
+    Net 9,168,000 vs 7,338,000
+    Sales 1.07 billion vs 987.2 mln
+    NOTE: Fiscal 1987 net includes tax credits of 10 cts for
+the fourth quarter and 1.04 dlrs for the year compared with 43
+cts and 85 cts in the respective periods of fiscal 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11652" NEWID="6739">
+<DATE>18-MAR-1987 14:52:33.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9152&#31;reute
+d f BC-(CORRECTED)-BANKERS-T   03-18 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED)-BANKERS TRUST NEW YORK &lt;BT> PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 18 -
+    </DATELINE><BODY>Qtly div 41-1/2 cts vs 41-1/2 cts prior
+    Pay April 25
+    Record March 31
+    NOTE: Full name Bankers Trust New York Corp.
+    (Company corrects pay date, April 25, not April 28 in story
+that ran yesterday.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11653" NEWID="6740">
+<DATE>18-MAR-1987 14:53:12.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9154&#31;reute
+r f BC-NE-ELECTRIC-&lt;NES>-AUD   03-18 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NE ELECTRIC &lt;NES> AUDITORS QUALIFY ANNUAL REPORT</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>New England Electric System's auditors
+have again qualified the utility's annual report because of
+uncertainty about whether its oil and gas subsidiary can
+recover its investments.
+    The qualification was noted in the annual report which New
+England Electric released at a security analysts meeting today.
+The auditors also qualified the company's 1985 report for the
+same reason, noting the sharp drop in oil and gas prices in
+early 1986.
+    President Samuel Huntington told analysts the utility will
+have to take a write-down of about 235 mln dlrs if Federal
+regulators do not allow the company to pass on the losses cited
+by the accountants to its rate payers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11654" NEWID="6741">
+<DATE>18-MAR-1987 14:53:39.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9155&#31;reute
+d f BC-CORRECTED---FEDERAL-P   03-18 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - FEDERAL PAPER &lt;FBT> RAISES PAYOUT</TITLE>
+<DATELINE>    MONTVALE, N.J., March 18 -
+    </DATELINE><BODY>Qtly div 17-1/2 cts vs 17-1/4 cts
+    Pay April 15
+    Record March 31
+    NOTE: Full name Federal Paper Board Co.
+    (Corrects headline and dividend figure in item appearing
+March 17 to show dividend was raised.)
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11655" NEWID="6742">
+<DATE>18-MAR-1987 14:55:03.43</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9159&#31;reute
+r f BC-NE-ELECTRIC-SEES-HIGH   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NE ELECTRIC SEES HIGHER CONSTRUCTION OUTLAYS</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>New England Electric System &lt;NES>
+expects its cash construction spending to reach 205 mln dlrs
+this year, up from 188 mln dlrs in 1986, the utility said in
+material distributed at an analysts meeting.
+    It said spending is expected to advance to 215 mln dlrs in
+1988 and 220 mln dlrs in 1989.
+    The utility said these totals exclude spending on New
+England Hydro-Transmission being built to import electricity
+from Quebec Hydro. New England Electric is the operator of this
+venture as well as owning 51 pct of the project.
+    The venture expects to spend 65 mln dlr this year, 105 mln
+dlrs next year and 125 mln dlrs in 1989 to build transmission
+lines from northern Quebec into New England, the utility said.
+    New England Electric said internally generated funds will
+cover all of its power plant construction costs this year and
+65 pct of the 108 mln dlrs its retail distribution units plan
+to spend in 1987.
+    The company said it also expects to spend 60 mln dlrs on
+its oil and gas activities this year, adding internally
+generated funds are expected to provide 85 pct of this total.
+    New England Electric said it plans to issue 30 mln dlrs
+worth of pollution control bonds in 1987 and retire additional
+higher cost preferred stock. Its Granite State Electric unit
+plans to issue five mln dlrs of long term notes early this year
+as well.
+    The company said it does not plan to offer common shares
+this year or in the foreseeable future, but expects to raise
+about 40 mln dlrs in equity through the sale of stock under its
+dividend reinvestment plan and employee share plans.
+    President Samuel Huntington told the analysts the
+construction spending projection is based on the expectation
+that demand for electricity in the New England electric system
+will grow about two pct a year for the next 15 years.
+    However, the utility cannot ignore the potential for
+sharper growth, he said, pointing out that demand was up 5.2
+pct in 1986 and 4.7 pct per year in the past four years.
+    He attributed this growth to declining electricity prices
+and a strong New England economy.
+    Huntington said New England Elecetric has "all but rejected
+new coal fired plants" to supply additional power.
+    He said the most attractive new power supplies are those
+with short lead times which can be built in modules.
+    Later, vice president Glenn Schleede said the utility is
+looking at gas-fired, combined cycle generating units to supply
+most of its new power needs, but has not rejected coal-fired
+fluidized bed units.
+    He explained that fluidized bed technology is available in
+modular units, adding that Huntington was referring to the
+traditional coal-fired plant which burns pulverized coal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11656" NEWID="6743">
+<DATE>18-MAR-1987 15:00:36.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9166&#31;reute
+d f BC-RADA-ELECTRONIC-INDUS   03-18 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RADA ELECTRONIC INDUSTRIES&lt;RADIF> NINE MTHS NET</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Ended December 31
+    Shr three cts vs nine cts
+    Net 220,000 vs 721,000
+    Revs 4,920,000 vs 4,184,000
+    Avg shrs 6,425,925 vs 6,599,000
+    NOTE: Full name Rada Electronic Industries Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11657" NEWID="6744">
+<DATE>18-MAR-1987 15:06:26.45</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9187&#31;reute
+u f BC-/U.S.-WHEAT-GROWERS-S   03-18 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WHEAT GROWERS SET STATE DEPT TRADE MEETING</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The National Association of Wheat
+Growers, NAWG, board of directors is scheduled to meet
+Secretary of State George Schultz and Undersecretary of State
+Allen Wallis to discuss the Department's current role in farm
+trade policy, the association said.
+    NAWG President Jim Miller said in a statement that the
+organization wanted to convey to Secretary Schultz the
+importance that exports hold for U.S. agriculture and the
+degree to which farmers are dependent upon favorable State
+Department trade policies to remain profitable.
+    "Foreign policy decisions of the U.S. State Department have
+in the past severely hampered our efforts to move our product
+to overseas markets," he said.
+    Miller noted Secretary Schultz is scheduled to meet next
+month with representatives of the Soviet Union, and the NAWG
+"wanted to be certain the secretary was aware of our concerns
+regarding the reopening of wheat trade with the Soviet Union."
+    The annual spring NAWG board of directors meeting is held
+in Washington to allow grower-leaders from around the country
+to meet with their state congressional delegations and members
+of the executive branch.
+    The purpose is to discuss the current situation for
+producing and marketing wheat and help set the legislative and
+regulatory agenda for the coming year, the NAWG statement said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11658" NEWID="6745">
+<DATE>18-MAR-1987 15:10:35.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>fao</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f9194&#31;reute
+r f AM-FAO   03-18 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD FOOD PRODUCTION OUTSTRIPS POPULATION</TITLE>
+<DATELINE>    ROME, March 18 - </DATELINE><BODY>World food production over the next decade
+will exceed population growth, but because of unequal
+distribution, many parts of the world will go hungry, the U.N.
+Food and Agriculture Organisation (FAO) said.
+    In a report to be considered by its agriculture committee
+at a meeting later this month, FAO said: "The long term trends
+point towards a further polarisation of the world food system.
+    "Some regions and commodities will continue to be troubled
+by chronic surpluses that cannot find outlets...Some of the
+poorer countries and regions will still be faced by the
+combined problem of low nutritional levels, rapidly rising
+populations, inadequate growth in both food production and
+incomes...," FAO said.
+    FAO set out several long-term goals to be considered by the
+committee, which meets between March 23 and April 1.
+    These included improving the international trading
+environment for agricutural commodities, reducing food
+surpluses in developed countries, conserving natural resources
+and speeding up the increase of food production in developing
+countries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11659" NEWID="6746">
+<DATE>18-MAR-1987 15:11:03.83</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f9196&#31;reute
+d f BC-DOE-SECRETARY-PROPOSE   03-18 0154</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOE SECRETARY PROPOSES OIL TAX INCENTIVES</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Energy Secretary John Herrington
+said he will propose tax incentives to increase domestic oil
+and natural gas exploration and production to the Reagan
+Administration for consideration.
+    "These options boost production, while avoiding the huge
+costs associated with proposals like an oil import fee,"
+Herrington told a House Energy subcommittee hearing. "It is my
+intention to submit these proposals to the domestic policy
+council and the cabinet for consideration and review."
+    "The goal of the Administration policies is to increase
+domestic production. I would like to shoot for one mln barrels
+a day," he said.
+    The proposals were based on a DOE study released yesterday
+warning the United States was threatened by a growing
+dependence on oil imports.
+    "We project free world dependence on Persian Gulf oil at 65
+pct by 1995," Herrington said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11660" NEWID="6747">
+<DATE>18-MAR-1987 15:11:50.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9199&#31;reute
+r f BC-CHILDREN'S-DISCOVERY   03-18 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILDREN'S DISCOVERY &lt;CDCRA> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 18 - 
+    </DATELINE><BODY>Shr loss 18 cts vs profit six cts
+    Net loss 509,471 vs profit 163,840
+    Revs 2,623,974 vs 1,835,580
+    12 mths
+    Shr loss 18 cts vs profit 10 cts
+    Net loss 494,352 vs profit 173,948
+    Revs 10.1 mln vs 3,551,429
+    NOTE: 4th qtr loss reflects 290,000 dlrs of non-recurring
+expenses related to senior management changes.
+    Full name of company is Children's Discovery Centers of
+America Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11661" NEWID="6748">
+<DATE>18-MAR-1987 15:13:50.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9207&#31;reute
+r f BC-CPI-CORP-&lt;CPIC>-TO-PO   03-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPI CORP &lt;CPIC> TO POST HIGHER 1986 RESULTS</TITLE>
+<DATELINE>    ST. LOUIS, March 18 - </DATELINE><BODY>CPI Corp said it expects to post
+higher sales and earnings for its fiscal year ended February 7
+when it officially reports results in three weeks.
+    It said preliminary figures show total sales of 258 mln
+dlrs, up 30 pct from 198 mln dlrs in its 1985 fiscal year. Net
+earnings from continuing operations rose to 18 mln dlrs, up
+almost 31 pct from 13.9 mln dlrs, while per share earnings from
+continuing operations were 2.22 dlrs, up 23 pct from 1.80 dlrs.
+There were 552,500 additional shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11662" NEWID="6749">
+<DATE>18-MAR-1987 15:15:30.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9214&#31;reute
+r f BC-COMMODORE-&lt;CBU>,-BALL   03-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMODORE &lt;CBU>, BALLY &lt;BLY> SET SOFTWARE PACT</TITLE>
+<DATELINE>    WEST CHESTER, Penn., March 18 - </DATELINE><BODY>Commodore International Ltd
+said its Commodore Business Machines unit reached an agreement
+with Bally Manufacturing Corp to supply software for the design
+of coin-operated video games.
+    The company said its Amiga computer graphics technology
+will be used to develop the games. In return, Commodore will
+receive software licensing rights to Bally video games
+developed for Amiga computer hardware.
+    The first game designed under the arrangement will be
+unveiled on March 20, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11663" NEWID="6750">
+<DATE>18-MAR-1987 15:16:17.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f9218&#31;reute
+r f BC-S/P-MAY-DOWNGRADE-AFG   03-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY DOWNGRADE AFG &lt;AFG> AND GENCORP &lt;GY></TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Standard and Poor's Corp said it may
+downgrade AFG Industries Inc and GenCorp Inc because a
+partnership affiliated with AFG and Wagner and Brown made a 2.2
+billion dlr tender offer to acquire GenCorp.
+    AFG has 185 mln dlrs of BB-plus subordinated debt and
+GenCorp carries 100 mln dlrs of same-rated subordinated debt.
+    Financing terms of the proposed acquisition are unknown,
+including AFG's equity contribution to the partnership. S and P
+said AFG's appetite for substantial acquisitions is aggressive.
+The tender offer would likely heighten financial risk and
+increase leverage for GenCorp, S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11664" NEWID="6751">
+<DATE>18-MAR-1987 15:19:12.91</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>jamaica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9230&#31;reute
+u f BC-JAMAICA-AUTHORIZED-TO   03-18 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMAICA AUTHORIZED TO BUY PL 480 WHEAT - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Jamaica has been authorized to
+purchase about 56,000 tonnes of U.S. wheat under an existing PL
+480 agreement, the U.S. Agriculture Department said.
+    It may buy the wheat, valued at 7.0 mln dlrs, between March
+25 and August 341 and ship it from U.S. ports and/or Canadian
+transshipment points by September 30, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11665" NEWID="6752">
+<DATE>18-MAR-1987 15:19:46.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f9231&#31;reute
+r f BC-LAIDLAW-TRANSPORTATIO   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAIDLAW TRANSPORTATION &lt;LDMFA> SEES BETTER YEAR</TITLE>
+<DATELINE>    Montreal, March 18 - </DATELINE><BODY>Laidlaw Transportation Ltd said
+earnings per share for the current fiscal year should increase
+by "substantially more" than the 30 pct average annual growth
+experienced in the last four years.
+    Revenues for the year ended August 31 will be about 1.2
+billion dlrs, including GSX Corp, the U.S. waste services unit
+acquired from Imasco Ltd last year for 358 mln dlrs, Laidlaw
+president Michael de Groote told analysts.
+    Last year, Laidlaw had operating earnings of 66.2 mln dlrs,
+or 63 cts per share, on revenues of 717.8 mln dlrs.
+    De Groote also said the company expects "excellent results"
+in the second quarter ended February 28, but would not be more
+specific.
+    He said his revenue estimate for fiscal 1987 does not
+include possible further acquisitions and said that the
+addition of GSX will produce increasing benefits in fiscal 1988
+through fiscal 1990.
+    De Groote said the increased earnings in the previous four
+quarters was due partly to internal growth of about 15 pct. The
+rest came from acquisitions, he said.
+    Laidlaw expects to sell a small rubber recycling operation,
+a subsidiary of GSX, within the next few weeks, but this will
+not make any material contribution to earnings, de Groote said.
+    He also said he is "not very optimistic" about the ongoing
+negotiations to buy 50 pct of Tricil Ltd, a Toronto-based
+chemical and solid waste services company with Canadian and
+U.S. operations, from &lt;Trimac Ltd> of Calgary.
+    De Groote said that, regardless of the outcome of the
+proposed Tricil acquisition, Laidlaw will decide within the
+next 30 days whether to stay in the North American chemical
+waste business through GSX Corp.
+    "We feel it is a profitable business with good growth
+potential and we now want to stay in it if we can get the right
+management," de Groote said.
+    Laidlaw financed the acquisition of GSX by its U.S.
+subsidiary, Laidlaw Transportation Inc, with the proceeds of a
+200 mln Canadian dlr preferred stock issue and borrowing.
+    De Groote said the company will gain about 138 mln dlrs in
+cash by August 31 from the exercise of warrants.
+    De Groote also said waste services in fiscal 1987 will
+represent about 49 pct of revenues, school buses will
+contribute 49 pct and trucking about two pct.
+    The trucking subsidiary in western Canada is performing
+well and there are no plans to sell it, he said.
+    He would not estimate the contribution of each segment to
+earnings per share for the year. He also said that further
+acquisitions of school bus operations in the U.S. are likely
+within the next few months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11666" NEWID="6753">
+<DATE>18-MAR-1987 15:20:39.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f9233&#31;reute
+r f BC-HYPONEX-&lt;HYPX>-SELLS   03-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYPONEX &lt;HYPX> SELLS DEBENTURES AT 11.828 PCT</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Hyponex Corp is raising 150 mln dlrs
+through an offering of senior subordinated debentures due 1999
+yielding 11.828 pct, said sole underwriter Drexel Burnham
+Lambert Inc.
+    The debentures have an 11-3/4 pct coupon and were priced at
+99.50, Drexel said.
+    The issue is non-callable for five years. There were no
+ratings by Moody's Investors Service Inc or Standard and Poor's
+Corp at the time of the pricing, Drexel said. Hyponex said
+proceeds will be used mainly to finance acquisitions of assets
+and businesses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11667" NEWID="6754">
+<DATE>18-MAR-1987 15:21:03.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9234&#31;reute
+r f BC-XEROX-&lt;XRX>-SELLS-CON   03-18 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XEROX &lt;XRX> SELLS CONNECTICUT PROPERTY</TITLE>
+<DATELINE>    STAMFORD, Conn., March 18 - </DATELINE><BODY>Xerox Corp said it sold a
+102-acre site in Greenwich, Conn., to a limited partnership for
+10.5 mln dlrs.
+    Other details were not disclosed.
+    The purchaser was identified as Greenwich King Street
+Associates II Limited Partnership.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11668" NEWID="6755">
+<DATE>18-MAR-1987 15:21:52.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f9235&#31;reute
+d f BC-LSI-LOGIC-CANADA-FILE   03-18 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LSI LOGIC CANADA FILES FOR OFFERING</TITLE>
+<DATELINE>    CALGARY, Alberta, March 18 - </DATELINE><BODY>LSI Logic Corp of Canada Inc
+said it filed for a proposed public offering of common shares
+to be underwritten by McLeod Young Weir Ltd and Nesbitt Thomson
+Deacon Inc.
+    The company did not give details of the proposed offering.
+    LSI Logic is associated with, but not owned by, LSI Logic
+Corp &lt;LLSI>.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11669" NEWID="6756">
+<DATE>18-MAR-1987 15:22:46.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9236&#31;reute
+u f BC-NO-ACCEPTABLE-BIDS-FO   03-18 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO ACCEPTABLE BIDS FOR CCC PEANUTS - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, received no acceptable bids on the offer to sell about
+16,610 short tons of 1986-crop farmers stock peanuts for
+domestic crushing, the U.S. Agriculture Department said.
+    An additional offering of 1986-crop peanuts will be made at
+a later date, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11670" NEWID="6757">
+<DATE>18-MAR-1987 15:28:20.38</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f9240&#31;reute
+u f AM-debt-peru   03-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU SHORT-TERM TRADE LINES RISE TO 430 MLN DLRS</TITLE>
+<DATELINE>    Lima, march 18 - </DATELINE><BODY>peru's short-term foreign trade credit
+lines have more than doubled to 430 mln dlrs under president
+alan garcia's 20-month administration.
+    Central bank general manager hector neyra told reporters 
+that many of the credits were for 90-day terms and could be
+used several times a year.
+    The trade credits stood at 210 million dollars when garcia
+took office on july 28, 1985, and announced foreign debt
+payments would be limited to 10 pct of export earnngs.
+    Neyra told reuters that peru was current on interest
+payments on short-term debt, including the trade credit lines
+and on about 750 million dollars in so-called  "working capital"
+credits.
+    Neyra did not specify the source of the trade credit lines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11671" NEWID="6758">
+<DATE>18-MAR-1987 15:29:07.89</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f9244&#31;reute
+u f BC-BRAZIL'S-GDP-GREW-8.2   03-18 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S GDP GREW 8.2 PCT LAST YEAR</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 18 - </DATELINE><BODY>Brazil's Gross Domestic Product,
+GDP, rose by 8.2 pct in real terms last year following an 8.3
+pct increase in 1985, the Geography and Statistics Institute
+said.
+    In money terms this equalled 3.6 trillion Cruzados, giving
+per capita GDP of 26,120 Cruzados, or 1.6 pct above the level
+achieved in 1980 before the recession of 1981-1983, the
+Institute said in a statement.
+    Agricultural output, hit by adverse weather, fell by 7.3
+pct last year led by coffee production which was 46 pct down.
+    Industry grew 12.1 pct, including capital goods by 21.6 pct
+and consumer goods by 20.3 pct, while services were up 8.3 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11672" NEWID="6759">
+<DATE>18-MAR-1987 15:29:29.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9246&#31;reute
+r f BC-ENSOURCE-INC-&lt;EEE>-4T   03-18 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENSOURCE INC &lt;EEE> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 18 -
+    </DATELINE><BODY>Shr loss 60 cts vs loss 6.50 dlrs
+    Net loss 2,012,000 vs loss 21.9 mln
+    Revs 8.6 mln vs 13.5 mln
+    Year
+    Shr loss 1.04 dlrs vs loss 5.96 dlrs
+    Net loss 3.5 mln vs loss 20.2 mln
+    Revs 36.6 mln vs 52.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11673" NEWID="6760">
+<DATE>18-MAR-1987 15:30:34.49</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f9251&#31;reute
+u f BC-mexican-hydrocarbon-r   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICAN HYDROCARBON RESERVES FALL SLIGHTLY IN 1986</TITLE>
+<DATELINE>    Mexico city, march 18 - </DATELINE><BODY>mexico's proven reserves of liquid
+hydrocarbons at end-1986 were 70 billion barrels, slightly down
+from 70.9 billion a year ago and 71.75 billion in 1984, the
+state oil company petroleos mexicanos (pemex) announced.
+    Reserves were just 5.77 billion barrels in 1974, rose
+sharply to 40.19 billion in 1978 and flattened out at 72
+billion in both 1981 and 1982.
+    In its annual report, pemex said average crude output in
+1986 was 2.43 mln barrels per day, 202,000 bpd down on 1985.
+Average exports were 1.29 mln bpd, down from 1.44 mln bpd.
+    The company did not say what percentage of hydrocarbons was
+crude oil, but has previouly said it was about 48 pct.
+    Natural gas output in 1986 was 3.43 billion cubic feet per
+day, down from 3.6 billion in 1985.
+    Due mainly to the fall in oil prices to around 12 dlrs from
+25 dlrs in the year, 58 wells, both exploratory and production,
+were suspended, 38 of them in less productive areas than the
+offshore campeche fields which accounted for 64 pct of
+production.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11674" NEWID="6761">
+<DATE>18-MAR-1987 15:30:52.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9253&#31;reute
+u f BC-GREAT-LAKES-FEDERAL-&lt;   03-18 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT LAKES FEDERAL &lt;GLFS> HIKES DIVIDEND</TITLE>
+<DATELINE>    ANN ARBOR, MICH., March 18 - 
+    </DATELINE><BODY>Qtly div 15 cts vs 10 cts prior qtr
+    Pay 17 April
+    Record 3 April
+    NOTE: Great Lakes Federal Savings and Loan is full name of
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11675" NEWID="6762">
+<DATE>18-MAR-1987 15:34:16.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9262&#31;reute
+r f BC-MURRAY-OHIO-&lt;MYO>-SEE   03-18 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MURRAY OHIO &lt;MYO> SEES HIGHER 1ST QTR EARNINGS</TITLE>
+<DATELINE>    BRENTWOOD, Tenn., March 18 - </DATELINE><BODY>The Murray Ohio Manufacturing
+Co said it expects first quarter earnings to be higher than the
+4,800,840 dlrs, or 1.25 dlrs per share, it recorded for the
+first quarter of last year.
+    The company, which produces lawn mowers and bicycles, said
+earnings are ahead of last year due to increased lawn and
+garden shipments in January and February and a record-setting
+pace in March.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11676" NEWID="6763">
+<DATE>18-MAR-1987 15:34:30.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9264&#31;reute
+r f BC-ALLEGHANY-CORP-&lt;Y>-DE   03-18 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHANY CORP &lt;Y> DECLARES 1987 DIVIDEND</TITLE>
+<DATELINE>     NEW YORK, March 18 - </DATELINE><BODY>Alleghany Corp said its board 
+declared a stock dividend of one share of its common for every
+50 shares outstanding, as the company's dividend on its company
+for 1987.
+    It said the dividend will be distributed on April 30, to
+holders of record on March 30.
+    Alleghany said cash will be paid in lieu of any fractional
+shares of its stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11677" NEWID="6764">
+<DATE>18-MAR-1987 15:35:21.11</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f9266&#31;reute
+u f BC-HOUSE-SUBCOMMITTEE-VO   03-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE SUBCOMMITTEE VOTES CREDIT CARD RATE CAP</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>A House Banking subcommittee has
+approved legislation to limit the interest rates charged by
+banks and other credit card issuers.
+    The Consumer Affairs and Coinage subcommittee bill would
+limit credit card interest rates at eight percentage points
+above the yield on one-year Treasury securities.
+    If in effect now, the bill would limit credit card rates to
+13.8 pct compared to a nation-wide average of 18 pct, the
+subcommittee said.
+    The bill now goes to the full House Banking committee for
+further action.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11678" NEWID="6765">
+<DATE>18-MAR-1987 15:36:18.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9271&#31;reute
+r f BC-PREMIER-INDUSTRIAL-CO   03-18 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREMIER INDUSTRIAL CORP &lt;PRE> 3RD QTR NET</TITLE>
+<DATELINE>    CLEVELAND, March 18 - </DATELINE><BODY>Ended Feb 28
+    Shr 39 cts vs 35 cts
+    Net 11.5 mln vs 10.4 mln
+    Revs 111.0 mln vs 104.6 mln
+    Nine mths
+    Shr 1.16 dlrs vs 1.04 dlrs
+    Net 34.3 mln vs 30.8 mln
+    Revs 335.2 mln vs 320.0 mln
+    Avg shrs 26.7 mln vs 29.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11679" NEWID="6766">
+<DATE>18-MAR-1987 15:36:48.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9272&#31;reute
+r f BC-CHILDREN'S-DISCOVERY   03-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILDREN'S DISCOVERY &lt;CDCRA> GETS NEW CHAIRMAN</TITLE>
+<DATELINE>    MONROE, Conn., March 18 - </DATELINE><BODY>Children's Discovery Centers of
+America Inc said Richard Niglio has been appointed chairman and
+chief executive officer effective April 15.
+    Niglio, 44, is currently president and chief executive
+officer of Victoria Station Inc, a restaurant chain based in
+San Francisco.
+    The company said Niglio replaces James DeSanctis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11680" NEWID="6767">
+<DATE>18-MAR-1987 15:37:17.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9276&#31;reute
+r f BC-UNION-&lt;UCO>-TO-SELL-U   03-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION &lt;UCO> TO SELL UNION FLONETICS UNIT</TITLE>
+<DATELINE>    SOUTH NORWALK, Conn., March 18 - </DATELINE><BODY>Union Corp said it agreed
+in principle to sell its Union Flonetics Corp subsidiary to
+Irvin Kaplan, a Houston investor.
+    The unit makes valves and marine specialty equipment for 
+the military. Kaplan is also controlling shareholder of &lt;Hunt
+Valve Co Inc>.
+    The amount of the cash transaction, expected to close in
+April, was not disclosed.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11681" NEWID="6768">
+<DATE>18-MAR-1987 15:37:45.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f9279&#31;reute
+r f BC-KEYCORP-&lt;KEY>-SELLS-S   03-18 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEYCORP &lt;KEY> SELLS SUBORDINATED CAPITAL NOTES</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>KeyCorp is offering 75 mln dlrs of
+subordinated capital notes due 1999 with an 8.40 pct coupon and
+par pricing, said sole manager First Boston Corp.
+    That is 122 basis points more than the yield of comparable
+Treasury securities.
+    Non-callable for life, the issue is rated A-3 by Moody's
+Investors Service Inc and A-minus by Standard and Poor's Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11682" NEWID="6769">
+<DATE>18-MAR-1987 15:40:08.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9287&#31;reute
+d f BC-WESTERN-WASTE-&lt;WWIN>   03-18 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN WASTE &lt;WWIN> DENIES CHARGES</TITLE>
+<DATELINE>    GARDENA, Calif., March 18 - </DATELINE><BODY>Western Waste Industries said
+it believes charges alleging that the company illegally
+transported and disposed of hazardous waste are unfounded.
+    A complaint, filed by the Los Angeles County District
+Attorney's office, alleges that the company was involved in the
+disposal of materials at county landfills, Western Waste said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11683" NEWID="6770">
+<DATE>18-MAR-1987 15:41:00.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f9288&#31;reute
+r f BC-U.S.-BANK-INCOME-SHOW   03-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANK INCOME SHOWS FIRST DROP IN 25 YEARS</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Problems in the farmbelt and
+oilpatch regions contributed to the first decline in overall
+income for U.S. banks in a quarter century, the Federal Deposit
+Insurance Corp (FDIC) said.
+    The nation's 14,181 commercial banks had net income of 17.8
+billion dlrs in 1986, down slightly from 1985's record 18.1
+billion dlrs.
+    The total was still the second highest ever reported, but
+it was the first time income had not grown since 1961.
+    The figures reflected a radical split in the health of
+banks in the two halves of the country, the FDIC said.
+    In the East, one in 12 banks had losses last year, while
+one in four banks west of the Mississippi River had losses.
+    Nationwide, one out of five banks reported losses, the FDIC
+said in the first of a new series of quarterly banking profiles
+it planned to issue.
+    "I don't remember a time when there was such a clear
+distinction by geographic area," FDIC Chairman William Seidman
+told reporters.
+    He said that while the figures were not good, they showed
+the problem did not lie with the banking system as a whole but
+with regional differences in economic performance.
+    Some 44 banks have failed so far this year, twice as many
+as failed by this time a year ago, but Seidman said he doubted
+the pace would continue. 
+    On a positive note, banks increased capital to a record 208
+billion dlrs last year, and there has been a slowing in the
+number of new problem banks in all regions except the
+Southwest, Seidman said.
+    Banks' provision for losses from bad loans in the fourth
+quarter increased to 21.7 billion dlrs, a 23 pct rise from a
+year ago.
+    Large banks -- those with assets of one billion dlrs or
+more -- reporting fourth-quarter losses totaled 22, the FDIC
+said.
+    Seidman said it was too early to say what effect Brazil's
+moratorium on debt interest payments would have on U.S. banks.
+    He said bank deregulation had given managers more freedom
+to run their banks and that an increase in failures was to be
+expected.
+    But this freedom from regulatory restraints also has meant
+other banks that were better managed have gotten stronger,
+Seidman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11684" NEWID="6771">
+<DATE>18-MAR-1987 15:41:12.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9290&#31;reute
+d f BC-SOMERSET-SAVINGS-BANK   03-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOMERSET SAVINGS BANK &lt;SOSA> 4TH QTR FEB 28 NET</TITLE>
+<DATELINE>    SOMERVILLE, Mass., March 18 -
+    </DATELINE><BODY>Shr 55 cts vs NA
+    Net 2,512,000 vs 773,000
+    Year
+    Net 7,123,000 vs 3,098,000
+    Assets 417.7 mln vs 251.1 mln
+    Deposits 329.4 mln vs 230.1 mln
+    Loans (net) 366.1 mln vs 205.2 mln
+    NOTE: Some per shr amounts not available as company
+converted to public ownership in July 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11685" NEWID="6772">
+<DATE>18-MAR-1987 15:42:33.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9298&#31;reute
+h f BC-INTERAND-&lt;IRND>-NAMES   03-18 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERAND &lt;IRND> NAMES NEW VIDEO PHONE MARKETER</TITLE>
+<DATELINE>    CHICAGO, March 18 - </DATELINE><BODY>Interand Corp said Harris/3M Document
+Products Inc is the new national sales representative for the
+Discon Imagephone, Interand's advanced interactive video
+telephone system.
+    It said the portable telephone can display detailed black
+and white pictures using the ordinary voice-grade telephone
+network.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11686" NEWID="6773">
+<DATE>18-MAR-1987 15:43:01.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9302&#31;reute
+s f BC-VESTAR-SECURITIES-INC   03-18 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VESTAR SECURITIES INC &lt;VES> SETS PAYOUT</TITLE>
+<DATELINE>    PHILADELPHIA, March 18 -
+    </DATELINE><BODY>Qtrly div 30.1 cts vs 34.1 cts prior
+    Pay April 14
+    Record March 31
+    NOTE: company said prior qtr includes end of year
+additional four cts dividend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11687" NEWID="6774">
+<DATE>18-MAR-1987 15:43:13.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9303&#31;reute
+s f BC-AMERITECH-&lt;AIT>-REGUL   03-18 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERITECH &lt;AIT> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    CHICAGO, March 18 -
+    </DATELINE><BODY>Qtly div 1.25 dlrs vs 1.25 dlrs
+    Pay May 1
+    Record March 31
+    NOTE: Full name is American Information Technologies Corp
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11688" NEWID="6775">
+<DATE>18-MAR-1987 15:44:07.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f9306&#31;reute
+r f BC-COCA-COLA-BOTTLING-&lt;C   03-18 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA-COLA BOTTLING &lt;COKE> FILES TO OFFER NOTES</TITLE>
+<DATELINE>    DALLAS, March 18 - </DATELINE><BODY>Coca-Cola Bottling Group Inc said it
+filed with the Securities and Exchange Commission to offer 125
+mln dlrs of subordinated notes due 1997 through Salomon
+Brothers Inc.
+    Proceeds will be used to repay outstanding debt incurred to
+finance recent acquisitions, the soft drink bottler said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11689" NEWID="6776">
+<DATE>18-MAR-1987 15:44:15.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9307&#31;reute
+s f BC-HARTFORD-NATIONAL-COR   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARTFORD NATIONAL CORP &lt;HNAT> DECLARES DIVIDEND</TITLE>
+<DATELINE>    HARTFORD, Conn., March 18 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Pay April 20
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11690" NEWID="6777">
+<DATE>18-MAR-1987 15:44:55.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9309&#31;reute
+s f BC-ARKANSAS-BEST-CORP-&lt;A   03-18 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARKANSAS BEST CORP &lt;ABZ> DECLARES QTLY DIVIDEND</TITLE>
+<DATELINE>    FORT SMITH, Ark., March 18 -
+    </DATELINE><BODY>Qtly div nine cts vs nine cts prior
+    Pay April 13
+    Record March 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11691" NEWID="6778">
+<DATE>18-MAR-1987 15:45:52.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9311&#31;reute
+r f BC-AUDITORS-LIFT-QUALIFI   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDITORS LIFT QUALIFICATION ON PS INDIANA &lt;PIN></TITLE>
+<DATELINE>    INDIANAPOLIS, IND., March 18 - </DATELINE><BODY>Auditors for Public Service
+Co of Indiana Inc lifted a qualification, in effect for two
+years, on its 1986 financial results, according to the
+company's annual shareholders' report.
+    PSI's report was qualified in 1984 and 1985 when its
+auditors, Arthur Andersen and Co, questioned the utility's
+ability to recover costs of its Marble Hill nuclear power plant
+and to extend the maturity of its credit agreement.
+    The company wrote off 141 mln dlrs of Marble Hill costs in
+November, 1986 and repaid its final 20 mln dlrs in debt in
+October, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11692" NEWID="6779">
+<DATE>18-MAR-1987 15:46:28.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9313&#31;reute
+r f BC-MARSHALL-INDUSTRIES-&lt;   03-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARSHALL INDUSTRIES &lt;MI> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    EL MONTE, Calif., March 18 -
+    </DATELINE><BODY>Shr 14 cts vs 12 cts
+    Net 1,017,000 vs 877,000
+    Sales 68.1 mln vs 61.2 mln
+    Nine Mths
+    Shr 40 cts vs 17 cts
+    Net 2,986,000 vs 1,215,000
+    Sales 205.3 mln vs 174 mln
+    Note: Per share figure reflects two-for-one stock split of
+July 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11693" NEWID="6780">
+<DATE>18-MAR-1987 15:47:55.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f9322&#31;reute
+r f BC-MOODY'S-MAY-DOWNGRADE   03-18 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE AFG &lt;AFG>, GENCORP &lt;GY></TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade the debt of AFG Industries Inc and GenCorp Inc.
+    The rating agency cited a 2.2 billion dlr tender offer for
+GenCorp by General Acquisitions Inc, a unit of a partnership
+affiliate of AFG and Wagner and Brown.
+    Moody's said it would study the proposed acquisition's
+effects on GenCorp's cash flow and debt protection measures and
+on AFG's financial condition. It will also review implications
+of any defensive actions by GenCorp.
+    AFG has Ba-1 senior subordinated debt and Ba-2 convertible
+subordinated debt. GenCorp has Ba-2 subordinated debt.
+                                         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11694" NEWID="6781">
+<DATE>18-MAR-1987 15:48:52.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9326&#31;reute
+d f BC-DYNALECTRON-&lt;DYN>-UNI   03-18 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DYNALECTRON &lt;DYN> UNITS GET CONTRACTS</TITLE>
+<DATELINE>    MCLEAN, Va., March 18 - </DATELINE><BODY>Dynalectron Corp said subsidiaries
+of its specialty contracting group have recently received over
+34 mln dlrs in electrical and mechanical contracting awards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11695" NEWID="6782">
+<DATE>18-MAR-1987 15:48:55.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f9327&#31;reute
+f f BC-******S/P-AFFIRMS-RAT   03-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P AFFIRMS RATINGS ON ATT'S SEVEN BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11696" NEWID="6783">
+<DATE>18-MAR-1987 15:49:22.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9330&#31;reute
+d f BC-FINANCIAL-BENEFIT-GRO   03-18 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL BENEFIT GROUP INC &lt;FBGI> YEAR LOSS</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 18 -
+    </DATELINE><BODY>Shr loss 11 cts vs loss 48 cts
+    Net loss 254,000 vs loss 784,000
+    NOTE: Includes realized gains of one mln dlrs versus
+840,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11697" NEWID="6784">
+<DATE>18-MAR-1987 15:49:31.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9331&#31;reute
+r f BC-ARKANSAS-BEST-&lt;ABZ>-S   03-18 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARKANSAS BEST &lt;ABZ> SEES LOWER FIRST QTR NET</TITLE>
+<DATELINE>    FORT SMITH, Ark., March 18 - </DATELINE><BODY>Arkansas Best Corp said its
+1987 first quarter earnings will be significantly lower than
+fully diluted earnings of 22-1/2 cts per share in last year's
+first quarter.
+    The company said pricing competition and lower traffic
+levels in the motor carrier industry hurt its first quarter
+results.
+    However, the company said its furniture and tire operations
+are more profitable this year than last year.
+    Arkansas Best also said that if the industry sustains the
+upcoming 2.9 pct motor carrier rate hike it will offset the
+Teamster labor increase scheduled for April 1.
+    It said the labor increase then will be 3.2 pct for ABF
+Freight System, its largest unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11698" NEWID="6785">
+<DATE>18-MAR-1987 15:49:36.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9332&#31;reute
+d f BC-URS-CORP-&lt;URS>-1ST-QT   03-18 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>URS CORP &lt;URS> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 18 -
+    </DATELINE><BODY>Shr primary 29 cts vs 26 cts
+    Shr diluted 27 cts vs 23 cts
+    Net 1,500,000 vs 1,008,000
+    Revs 30 mln vs 23.1 mln
+    Avg shrs pimary 5,254,000 vs 3,821,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11699" NEWID="6786">
+<DATE>18-MAR-1987 15:50:31.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9335&#31;reute
+r f BC-PAN-AM-&lt;PN>-AGREES-TO   03-18 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN AM &lt;PN> AGREES TO EXTEND UNION PACT</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Air Line Pilots Association said
+Pan Am Corp agreed that pilots of its non-union subsidiary, Pan
+Am Express, will be placed on the pilot seniority list of its
+unionized subsidiary, Pan American World Airways, and will be
+covered by the current ALPA contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11700" NEWID="6787">
+<DATE>18-MAR-1987 15:53:38.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9336&#31;reute
+r f BC-TIE/COMMUNICATIONS-IN   03-18 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIE/COMMUNICATIONS INC &lt;TIE> 4TH QTR LOSS</TITLE>
+<DATELINE>    SHELTON, Conn., March 18 -
+    </DATELINE><BODY>Oper shr loss 1.28 dlrs vs loss 59 cts
+    Oper net loss 46.0 mln vs loss 21.1 mln
+    Revs 63.9 mln vs 77.8 mln
+    12 mths
+    Oper shr loss 1.65 dlrs vs loss 2.09 dlrs
+    Oper net loss 59.3 mln vs 75.0 mln
+    Revs 298.2 mln vs 321.3 mln
+    NOTE: for the qtr and yr 1986, loss reflects pretax loss of
+45.0 mln and 55.5 mln, which included a writedown of inventory
+and restructuring charges amounting to 37.1 mln and 37.9 mln,
+and a tax gain of 940,000 and 3,094,000.
+    For the qtr and yr 1985, loss consisted of a pretax loss of
+23.9 mln and 102.3 mln which included a writedown of inventory,
+restructuring charges and loss on the sale of a division
+amounting to 13.0 mln and 61.0 mln, and a tax gain of 3,036,000
+and 28.5 mln.
+    qtr 1985, excludes estimated loss 3,354,000 for disposal of
+HCL Leasing Corp sold July 1986, as well as its operating
+results prior to this date.
+    year current and prior excludes loss 1,543,000, and
+2,859,000, respectively, for estimated loss on disposal of HCL
+Leasing Corp.
+    qtr and year current excludes foreign tax 312,000, and
+1,179,000, respectively, which payment would have been required
+in the absence of foreign operating loss carryforwards from
+prior years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11701" NEWID="6788">
+<DATE>18-MAR-1987 15:53:56.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f9337&#31;reute
+r f BC-U.S.-HOUSE-PLAN-SEEKS   03-18 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PLAN SEEKS TO BAR FOREIGN TAKEOVER</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>A U.S. House subcommittee voted to
+give President Reagan authority to block foreign takeovers of
+U.S. companies similar to the takeover of Fairchild
+Semiconductor Corp. by Fujitsu Ltd which was withdrawn.
+    The Energy and Commerce Subcommittee on Commerce approved
+as an amendment to the overall House trade bill a provision
+giving Reagan the power to block sales to foreign companies if
+the sale was not in the national or economic interest.
+    The subcommittee rejected a proposal requiring the U.S. to
+pay investors one pct for the right to hold their gold
+investments in government storage. His amendment called for the
+government to sell gold coins and gold-backed bonds with
+maturities of 30 to 50 years to investors to reduce the federal
+debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11702" NEWID="6789">
+<DATE>18-MAR-1987 15:56:42.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9339&#31;reute
+r f BC-SIEBE-COMPLETES-ACQUI   03-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIEBE COMPLETES ACQUISTION OF RANCO &lt;RNI></TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>&lt;Siebe Plc> of the U.K. said it
+completed the acquisition of Ranco Inc, following approval by
+Ranco shareholders.
+    According to the terms of the deal, Ranco holders will
+receive 40 dlrs a share in cash. Ranco will be transferred to
+one of Siebe's U.S. subsidiaries, Robertshaw Controls Co.
+    Ranco produces automatic control devices and power controls
+that regulate temperature, pressure, time sequencing, current,
+fluid flow and humidity. Its Teccor unit makes a specialized
+line of semiconductors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11703" NEWID="6790">
+<DATE>18-MAR-1987 15:57:11.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f9341&#31;reute
+r f BC-&lt;hawker-siddeley-cana   03-18 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;HAWKER SIDDELEY CANADA INC> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 18 -
+    </DATELINE><BODY>Shr 1.06 dlrs vs 1.54 dlrs
+    Net 9,455,000 vs 13.4 mln
+    Sales 418.7 mln vs 422.0 mln
+    Note: 59 pct owned by Hawker Siddeley Group PLC
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11704" NEWID="6791">
+<DATE>18-MAR-1987 15:57:37.40</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f9343&#31;reute
+u f BC-ESSO-SAF-SAYS-NO-IMME   03-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO IMMEDIATE PLANS TO CLOSE REFINERY - ESSO SAF</TITLE>
+<DATELINE>    PARIS, March 18 - </DATELINE><BODY>ESSO SAF &lt;ESSF.PA>, the French subsidiary
+of Exxon Corp &lt;XON>, said it had no immediate plans to shut
+down one of its two refineries. Exxon's new president Lee R.
+Raymond said earlier that it could decide to close a French
+refinery.
+    An ESSO SAF spokesman said a closure was a hypothesis that
+depended on the evolution of the market and refineries' ability
+to make money. He said Port Jerome west of Paris and Fos sur
+Mer on the Mediterranean had benefitted from new investment
+over 1985-86 and had last year broken even after stock losses.
+    The Port Jerome refinery has an annual production capacity
+of seven mln tonnes while Fos sur Mer's is five mln, the
+spokesman added.
+    Industry sources said the easiest plant to dispose of would
+be Fos sur Mer because it is a single refinery, while the Port
+Jerome refinery is attached to a wider complex comprising a
+petrochemical plant and a lubricant production plant.
+    Raymond was quoted as saying in a published interview that
+Exxon was reviewing its worldwide refinery operations and might
+decide to close one of its French refineries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11705" NEWID="6792">
+<DATE>18-MAR-1987 15:57:48.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f9344&#31;reute
+u f BC-S/P-AFFIRMS-RATINGS-O   03-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P AFFIRMS RATINGS ON ATT &lt;T> DEBT</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the ratings on seven billion dlrs of debt and
+preferred stock of American Telephone and Telegraph Co.
+    It said that despite flat revenues, ATT's interexchange
+business and strong cash flow should sustain the current level
+of debtholder protection for the next several years.
+    But ATT's overall competitive risk continues to grow as it
+extends beyond its traditional business area, S and P noted.
+Affirmed were ATT's AA debentures and preferred stock and
+A-1-plus commercial paper, and Pacific Telephone and Telegraph
+Co's AA debt which ATT assumed at divestiture.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11706" NEWID="6793">
+<DATE>18-MAR-1987 15:59:00.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9347&#31;reute
+u f BC-U.S.-AGENCY-FINDS-RAI   03-18 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AGENCY FINDS RAILROAD REVENUES INADEQUATE</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Interstate Commerce Commission
+(ICC), which regulates interstate freight rail service,
+concluded that none of the 24 largest U.S. freight railroads
+had adequate revenues in 1985.
+    The finding is important because it means the ICC is likely
+to look favorably on requests for rate increases by these
+railroads made during the current year.
+    Under federal law, the ICC must give harsher scrutiny to
+rate increase requests for railroads with adequate revenues.
+    Though freight rates are no longer strictly regulated by
+the government, the ICC can still block a newly proposed rate
+if it finds it to be unreasonable.
+    In past efforts at calculating revenue adequacy, the ICC
+has been accused of favoritism by both the railroad industry
+and shippers. This year, the ICC used a new approach but two of
+five commissioners nonetheless voted against the finding.
+    "For the period from 1979 to the present, railroad returns
+have fallen well short of their cost of capital, however
+defined," commented ICC Chairman Heather Gradison, who voted
+with the majority.
+    The ICC concluded that the freight railroads with the
+highest rates of return on investment were the Chesepeake and
+Ohio with an 11.1 pct rate, the Burlington Northern with a 10.3
+pct rate, the Kansas City Southern with a 9.2 pct rate, and and
+the Norfolk and Western with a 9.1 pc rate.
+    Four of the 24 largest railroads--the Boston and Maine, the
+Delaware and Hudson, the Elgin, Joliet and Eastern and the
+Western Pacific--had operating losses, the ICC found.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11707" NEWID="6794">
+<DATE>18-MAR-1987 15:59:55.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9350&#31;reute
+u f BC-TEL-OFFSHORE-TRUST-&lt;T   03-18 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEL OFFSHORE TRUST &lt;TELOZ> UPS QUARTERLY PAYOUT</TITLE>
+<DATELINE>    HOUSTON, March 18 -
+    </DATELINE><BODY>Qtly distribution 43.5884 cts vs 37.2427 cts in prior qtr
+    Payable April 10
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11708" NEWID="6795">
+<DATE>18-MAR-1987 16:06:10.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9380&#31;reute
+r f BC-AMEX-APPROVES-LANDMAR   03-18 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX APPROVES LANDMARK TECHNOLOGY FOR LISTING</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>The American Stock Exchange said it
+approved for original listing 12,315,000 common shares of
+Landmark Technology Corp, a real estate services company.
+    The exchange said trading in the new issue is scheduled to
+start March 20 under ticker symbol LCO. The Marietta, Ga.,
+concern currently trades in over-the-counter market under
+symbol LTCO.
+    Landmark Technology reported net income of about 3.9 mln
+dlrs on sales of 19.2 mln dlrs in 1986 compared with earnings
+of almost 2.1 mln dlrs on revenues of about 11 mln dlrs in
+1985, the exchange said.
+    The company rehabilitates historic buildings and other
+structures in metropolitan Atlanta.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11709" NEWID="6796">
+<DATE>18-MAR-1987 16:06:25.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>costa-rica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f9382&#31;reute
+r f AM-centam-debt   03-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATIN AMERICA SEEKS NEW APPROACH TO DEBT</TITLE>
+<DATELINE>     San jose, march 18 - </DATELINE><BODY>The 25-nation Latin American Economic
+System (SELA) has presented a document calling for a new
+strategy to cope with Latin America's crushing debt and
+faltering growth.
+    SELA presented the document to a week-long conference of
+latin american financial and economic experts, meeting to lay
+the groundwork for this year's annual meeting of the united
+nations conference on trade and development (unctad).
+    SELA called for new efforts to break "the vicious circle of
+debt, stagnation and productive retrogression the region has
+been immersed in since the beginning of the decade."
+    The alterantives to existing approaches for dealing with
+the region's crushing foreign debt must include greater
+concessions from creditors, according to sela.
+    Radical concessions such as debt writedowns and schemes to
+tie payments to real income must all be considered, the sela
+document stresses.
+    It notes that other favorable strategies include foreign
+investment/debt equity swaps, already successfully experimented
+with in some countries.
+    Other policies recommended include more realistic exhange
+rates and more producive capital investment programs.
+    The sela document is expected to be approved by delegates
+from all 26 latin american and caribbean nations meeting here
+until friday.
+    It will be submitted again for approval by developing
+nations belonging to the so-called group of 77 scheduled to
+meet next month in havana, cuba.
+    At the havana meeting delegates from latin america, asia
+and africa will attempt to hammer out a common position for
+presentation at unctad's annal meeting next july in geneva.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11710" NEWID="6797">
+<DATE>18-MAR-1987 16:07:17.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9389&#31;reute
+r f BC-EMHART-CORP-&lt;EMH>-SET   03-18 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMHART CORP &lt;EMH> SET TO INCREASE EARNINGS</TITLE>
+<DATELINE>    BOSTON, March 18 - </DATELINE><BODY>Emhart Corp said it plans to increase
+worldwide revenues and earnings at an annual compounded growth
+rate of 15 pct and about 13 pct, respectively.
+    It said these objectives were based on several assumptions,
+including a four pct average inflation rate through 1989 and a
+two pct to three pct GNP real growth.
+    In 1986, Emhart reported a net loss of 10 mln dlrs or 35
+cts a share, after a 90 mln after-tax restructuring charge,
+which realigned the company's assets.
+    Emhart has divested itself of many of its units to focus on
+three primary markets--industrial products, consumer products,
+and information and electronic systems.
+    Emhart said industrial products should account for about 62
+pct of projected 1987 revenues of 2.3 billion dlrs, while
+consumer products should account for about 20 pct of those
+revenues and information and electronic systems about 18 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11711" NEWID="6798">
+<DATE>18-MAR-1987 16:07:25.45</DATE>
+<TOPICS><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f9390&#31;reute
+r f BC-BELCHER-TO-RAISE-HEAV   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELCHER TO RAISE HEAVY FUELS PRICES</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>The Belcher Co of New York, a
+subsidiary of Coastal Corp &lt;CGP>, said it will raise the posted
+prices for number six fuel in New York 25 cts to 1.75 dlrs a
+barrel, depending on grades.
+    Effective March 19, the new prices are 0.3 pct sulphur
+22.50 dlrs, up one dlr, 0.5 pct sulphur 21.75 dlrs, up 1.75
+dlrs, 0.7 pct sulphur 21 dlrs, up 1.25 dlrs. One pct sulphur
+20.25 dlrs, up one dlr, two pct sulphur 18.25 dlrs, up 25 cts,
+2.2 pct sulphur 18 dlrs, up 25 cts, 2.5 pct sulphur 17.75 dlrs,
+up 30 cts, and 2.8 pct sulphur 17.50 dlrs, up 50 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11712" NEWID="6799">
+<DATE>18-MAR-1987 16:07:54.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9391&#31;reute
+d f BC-GRAPHIC-INDUSTRIES-IN   03-18 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAPHIC INDUSTRIES INC &lt;GRPH>4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    ATLANTA, March 18 - 
+    </DATELINE><BODY>Shr 27 cts vs 23 cts
+    Net 1,713,000 vs 1,447,000
+    Revs 46.9 mln vs 39.3 mln
+    Year
+    Shr 97 cts vs 78 cts
+    Net 6,154,000 vs 4,855,000
+    Revs 167.9 ln vs 130.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11713" NEWID="6800">
+<DATE>18-MAR-1987 16:08:12.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9392&#31;reute
+r f BC-RAMADA-INC-&lt;RAM>-FILE   03-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAMADA INC &lt;RAM> FILES FOR NOTE OFFERING</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 18 - </DATELINE><BODY>Ramada Inc said it filed a
+registration statement with the Securities and Exchange
+Commission covering a proposed offering of 100 mln dlrs of
+12-year subordinated notes through underwriter Salomon Brothers
+Inc.
+    Net proceeds from the offering will be used to repay debt
+and to fund its capital expenditure program, Ramada said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11714" NEWID="6801">
+<DATE>18-MAR-1987 16:08:25.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9393&#31;reute
+s f BC-CENTRAL-PENNSYLVANIA   03-18 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL PENNSYLVANIA FINANCIAL CORP &lt;CPSA>PAYOUT</TITLE>
+<DATELINE>    SHAMOKIN, Pa., March 18 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts in prior qtr
+    Payable April 22
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11715" NEWID="6802">
+<DATE>18-MAR-1987 16:08:51.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9395&#31;reute
+s f BC-HARTFORD-NATIONAL-COR   03-18 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARTFORD NATIONAL CORP &lt;HNAT> REGULAR DIVIDEND</TITLE>
+<DATELINE>    HARTFORD, Conn., March 18 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts in prior qtr
+    Payable April 20
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11716" NEWID="6803">
+<DATE>18-MAR-1987 16:11:00.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f9398&#31;reute
+f f BC-******U.S.-TREASURY-S   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY SETS 10-BILLION DLR MARCH 24 2-YR NOTE SALE, 9.275 BILLION NEW
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11717" NEWID="6804">
+<DATE>18-MAR-1987 16:11:20.38</DATE>
+<TOPICS><D>carcass</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f9399&#31;reute
+u f BC-BRAZILIAN-RED-MEAT-OU   03-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN RED MEAT OUTPUT DOWN SHARPLY - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Brazilian red meat production in
+1986 fell more than 20 pct to 1.9 mln tonnes due to drought
+which reduced slaughter weight and to herd rebuilding which
+started because of high cattle prices, the U.S. Agriculture
+Department said.
+    In its report on World Production and Trade Developments,
+USDA said that in 1987, beef production is expected to reach
+2.3 mln tonnes.
+    Pork production in 1986 rose 83 pct to 1.1 mln tonnes due
+to the sharp rise in beef prices and is expected to remain at
+that level this year, USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11718" NEWID="6805">
+<DATE>18-MAR-1987 16:11:26.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9400&#31;reute
+b f BC-******GENCORP-ASKS-SH   03-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP ASKS SHAREHOLDERS TO POSTPONE ACTION IN TENDER OFFER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11719" NEWID="6806">
+<DATE>18-MAR-1987 16:11:47.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9401&#31;reute
+r f BC-CATO-FILES-FOR-INITIA   03-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATO FILES FOR INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    CAHRLOTTE, N.C., March 18 - </DATELINE><BODY>&lt;Cato Corp> said it filed with
+the Securities and Exchange Commission for an initial public
+offering of 2.7 mln shares of stock.
+    The company said the offering is expected to be made in mid
+or late April at a price of 13 to 15 dlrs a share.
+    It said Shearson Lehman Bros Inc and Interstate Securities
+Corp are managing the offering. The company is selling 680,000
+shares, and 2,020,000 shares are being sold by stockholders.
+    Proceeds from the offering will used to fund growth and
+increasing levels of inventory and receivables. The company
+operates 475 women's specialty stores in 20 states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11720" NEWID="6807">
+<DATE>18-MAR-1987 16:12:16.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9402&#31;reute
+r f BC-MONY-FINANCIAL-BUYS-U   03-18 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONY FINANCIAL BUYS UNITED ADMINISTRATORS &lt;UAI></TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>&lt;MONY Financial Services> said it
+purchased United Administrators Inc in an effort to secure a
+larger market share for its group insurance line.
+    MONY said this acquisition, coupled with its purchase of
+Kelly Associates in 1985, contributes to its goal of expanding
+its group business and improving its product lines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11721" NEWID="6808">
+<DATE>18-MAR-1987 16:12:25.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f9403&#31;reute
+f f BC-******U.S.-TREASURY-S   03-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY SELLING 7.75 BILLION 4-YR, 7.25 BILLION 7-YR NOTES MARCH 25, 26
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11722" NEWID="6809">
+<DATE>18-MAR-1987 16:13:19.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9404&#31;reute
+w f BC-BFI-COMMUNICATIONS-SY   03-18 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BFI COMMUNICATIONS SYSTEMS INC 4TH QTR LOSS</TITLE>
+<DATELINE>    UTICA, N.Y., March 18 -
+    </DATELINE><BODY>Shr loss 18 cts vs loss 20 cts
+    Net loss 629,527 vs loss 697,847
+    Revs 404,345 vs 1,558,951
+    Year
+    Shr loss 56 cts vs loss 1.81 dlrs
+    Net loss 1,910,063 vs loss 5,744,588
+    Revs 5,999,377 vs 6,347,702
+    Avg shrs 3,441,513 vs 3,175,402
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11723" NEWID="6810">
+<DATE>18-MAR-1987 16:14:15.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9406&#31;reute
+d f BC-FORTUNE-&lt;FORF>-TO-ACQ   03-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORTUNE &lt;FORF> TO ACQUIRE MARINE SAVINGS</TITLE>
+<DATELINE>    CLEARWATER, Fla., March 18 - </DATELINE><BODY>Fortune Financial Group Inc's
+Fortune Savings Bank subsidiary said it executed a definitive
+agreement to buy &lt;Marine Savings and Loan Association of
+Florida> for 10.1 mln dlrs.
+    It said the agreement has been approved by the directors of
+both banks and is subject to approval of Marine shareholders by
+a majority vote.
+    Fortune said that under the agreement it will pay 20.10
+dlrs cash for each of Marine's 500,000 shares outstanding,
+among other things.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11724" NEWID="6811">
+<DATE>18-MAR-1987 16:14:38.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f9407&#31;reute
+r f BC-HAWKER-SIDDELEY-CANAD   03-18 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKER SIDDELEY CANADA TO SELL UNIT</TITLE>
+<DATELINE>    TORONTO, March 18 - </DATELINE><BODY>&lt;Hawker Siddeley Canada Inc> said that,
+due to poor market conditions for railway freight car
+manufacturing, it plans to sell its Trenton Works division in
+Trenton, Nova Scotia.
+    Hawker Siddeley said it set aside a provision of 7.7 mln
+dlrs for the proposed sale.
+    It also said lower 1986 earnings were due to much lower
+earnings in transportation equipment and losses in steel
+castings and forgings, which offset gains in the mining sector
+and improvements in forestry equipment.
+    Hawker Siddeley also said demand for new railway equipment
+was limited with export sales frequently restrained by
+customers' financing difficulties.
+    Demand for steel castings and wheels for Canadian railways
+continued to be very depressed with maintenance requirements at
+the lowest level in the past decade.
+    However, there was demand for industrial casting due to
+increased hydro-electric power generation, the company said.
+    The company said manufacturing of mining machinery and
+tunnelling equipment showed greatly improved results in the
+U.S. and export markets, mainly China and India.
+    The Orenda division maintained a high level of activity in
+aircraft engine repair and overhaul and in the manufacture of
+engine components.
+    Sawmill equipment and skidder operations were affected by a
+strike in British Columbia and the extended debate on U.S.
+imports of Canadian lumber, but there were encouraging signs at
+yearend, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11725" NEWID="6812">
+<DATE>18-MAR-1987 16:15:38.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9408&#31;reute
+h f BC-TOTAL-HEALTH-&lt;TLHT>-I   03-18 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTAL HEALTH &lt;TLHT> IN PUBLIC OFFERING</TITLE>
+<DATELINE>    GREAT NECK, N.Y., March 18 - </DATELINE><BODY>Total Health Systems Inc said
+it began a sale of up to 700,000 common shares by the company
+and up to 410,000 shares by certain stockholders.
+    Proceeds will be used for general purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11726" NEWID="6813">
+<DATE>18-MAR-1987 16:15:52.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9409&#31;reute
+h f BC-CENTRAL-ILLINOIS-&lt;CIP   03-18 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL ILLINOIS &lt;CIP> 12 MTHS FEB 28 NET</TITLE>
+<DATELINE>    SPRINGFIELD, ILL., March 18 -
+    </DATELINE><BODY>Shr 2.04 dlrs vs 1.83 dlrs
+    Net 76,172,000 vs 71,101,000
+    Revs 621.7 mln vs 670.3 mln
+    NOTE: Central Illinois Public Service Co is full name of
+company.
+    Most recent 12 months net excludes preferred dividends of
+6.4 mln dlrs compared with 8.6 mln dlrs last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11727" NEWID="6814">
+<DATE>18-MAR-1987 16:17:44.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9415&#31;reute
+r f BC-BOGART-CRAFTS-CORP-&lt;V   03-18 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOGART CRAFTS CORP &lt;VOGT> YEAR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Yr ends Nov 29, 1986
+    Shr loss 61 cts vs loss 1.19 dlrs
+    Net loss 1,017,000 vs loss 1,987,000
+    Revs 10.4 mln vs 10.3 mln
+    NOTE: Prior yr ended Nov. 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11728" NEWID="6815">
+<DATE>18-MAR-1987 16:18:18.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9416&#31;reute
+u f BC-GENCORP-&lt;GY>-GROUP-TO   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> GROUP TO SEEK ANTI-GREENMAIL VOTE</TITLE>
+<DATELINE>    New York, March 18 - </DATELINE><BODY>GAMCO Investors Inc, an affiliate of
+Gabelli and Co, plans to propose an anti-greenmail provision at
+the GenCorp Inc annual meeting March 31, according to GAMCO
+Chairman Mario Gabelli.
+    Greenmail often involves the repurchase of shares at a
+premium by a company from an unwanted investor. GenCorp today
+received a surprise tender offer from a group that holds 9.8
+pct of its stock.
+    Gabelli also said GAMCO has sent a 13-D filing to the
+Securities and Exchange Commission on the 6.5 pct of GenCorp
+stock held by GAMCO and its affiliates.
+    The stock amounts to 1,462,000 shares and most of it was
+reported in an earlier 13-G filing. A 13-G is filed by passive
+investors to show holdings of more than five pct.
+    Earlier today, General Partners, owned by Wagner and Brown
+and AFG Industries Inc, launched a 100 dlr per share tender
+offer for GenCorp. Analysts said the offer was between 10 and
+20 dlrs per share too low.
+    GenCorp has made no comment on the offer.
+    Gabelli said he also proposes that management consider
+spinning off all assets, other than the GenCorp broadcast
+properties, to shareholders. The licenses of the broadcast
+properties have long been entangled in a series of challenges.
+    "One thing is going to be clear and that is I'm going to
+the meeting and putting up "no greenmail," Gabelli said.
+    Gabelli said he fears that greenmail might be a motivation
+in the offer.
+    The annual meeting is to be held in Akron, Ohio.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11729" NEWID="6816">
+<DATE>18-MAR-1987 16:18:58.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f9418&#31;reute
+u f BC-LAENDERBANK-EXPECTS-M   03-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAENDERBANK EXPECTS MODEST PROFIT RISE IN '87</TITLE>
+<DATELINE>    VIENNA, March 18 - </DATELINE><BODY>Oesterreichische Laenderbank AG
+[OLBV.VI] expects to maintain its dividend and to record a
+moderate rise in profits this year after the 181.5 mln
+schilling net profit made in 1986, General Director Gerhard
+Wagner said.
+    Wagner told a news conference that last year's 34.3 pct
+rise in net profit from 135.1 mln in 1985 was largely due to
+greater domestic business and wider margins on schilling
+interest rates.
+    The bank, Austria's third largest, raised its 1986 dividend
+to 12 pct of its 1.5 billion schilling nominal share capital
+from 10 pct on capital of 1.35 billion in 1985.
+    Announcing the 1986 results, Wagner said: "We will endeavour
+to maintain the higher dividend in 1987."
+    Laenderbank's balance sheet total rose five pct to 197.7
+billion schillings against 8.1 pct growth in 1985. Foreign
+currency business last year accounted for some 37 pct of
+balance sheet total compared with about 41 pct in 1985.
+    Wagner blamed the realtive shrinkage of foreign business
+chiefly on the dollar's fall against the schilling, which is
+effectively pegged to the mark. The dollar's weakness had wiped
+some 8.9 billion schillings off the balance sheet total.
+    Wagner declined to give an exact figure for profits from
+the bank's London branch, which opened in April 1985, but said
+that it came close to one mln stg.
+    On schilling lending, profit on interest had risen 18 pct
+to 2.19 billion schillings while commission earnings climbed
+8.7 pct to 738.9 mln.
+    According to the 1987 federal budget, the state is due to
+lower its stake 60 pct in Laenderbank, probably to 51 pct.
+Wagner said the exact timing of the move depended on the state.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11730" NEWID="6817">
+<DATE>18-MAR-1987 16:20:31.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9421&#31;reute
+r f BC-NATIONAL-DATA-&lt;NDAC>   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL DATA &lt;NDAC> IN PACT WITH SIGNATURE</TITLE>
+<DATELINE>    DALLAS, March 18 - </DATELINE><BODY>National Data Communications Inc said it
+is no longer obligated to issue its majority shareholder
+&lt;Signature Capital Corp> 20 mln common shares under a previous
+agreement.
+    National said it entered into a new agreement with
+Signature, which would have owned about 80 pct of National's
+common under the prior pact.
+    Under the new pact, National said it granted Signature a
+five-year option to acquire two mln shares of its common for an
+option price equal to its current market value. National has
+about 15.3 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11731" NEWID="6818">
+<DATE>18-MAR-1987 16:21:32.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9424&#31;reute
+d f BC-PILGRIM-VENTURE-IN-ME   03-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PILGRIM VENTURE IN MERGER AGREEMENT</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., March 18 - </DATELINE><BODY>&lt;Pilgrim Venture Corp>
+said it signed a letter of intent to merge with &lt;Marketing
+Technologies Group Inc>, Rockville Center, N.Y.
+    Under terms of the agreement, Pilgrim, a publicly held
+corporation, said it will issue two mln shares of authorized
+but unissued restricted common stock to Marketing Technologies
+shareholders. The company said it expects to complete the
+merger by June 17.
+    Marketing Technologies is developing a computer-based
+advertising system geared toward large advertisers, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11732" NEWID="6819">
+<DATE>18-MAR-1987 16:21:55.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9426&#31;reute
+u f BC-GENCORP-&lt;GY>-TO-STUDY   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> TO STUDY GENERAL PARTNER BID</TITLE>
+<DATELINE>    AKRON, Ohio, March 18 - </DATELINE><BODY>GenCorp Inc chairman William
+Reynolds said the company's board and its financial and legal
+advisors will study the unsolicited tender offer from &lt;General
+Partners>.
+    "Right now, our advice to all our shareholders is to wait
+until the board advises them of its position ... which will
+happen on or before March 31," Reynolds said.
+    Earlier today, General Partners, controlled by Wagner and
+Brown and AFG Industries Inc, said it started a tender offer
+for all of Gencorp's shares and stock purchase rights for 100
+dlrs a share.
+    General Partners said the offer, which is due to expire
+April 14, is conditioned on receipt of sufficient financing and
+other conditions.
+    "We are asking our shareholders to postpone any decision on
+whether to accept or reject the offer until the board finishes
+its evaluation," Reynolds said in a statement.
+    "The Wagner and Brown-AFG offer does not expire until April
+14, so shareholders have time to make their decision," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11733" NEWID="6820">
+<DATE>18-MAR-1987 16:22:26.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9429&#31;reute
+h f BC-SSMC-&lt;SSM>-FORMS-ELEC   03-18 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SSMC &lt;SSM> FORMS ELECTRICAL PRODUCTS DIVISION</TITLE>
+<DATELINE>    STAMFORD, Conn., March 18 - </DATELINE><BODY>SSMC Inc said it formed a
+separate division to consolidate the manufacture and marketing
+of its motors for the appliance, computer and automotive
+industries.
+    SSMC was spun-off from Singer Co &lt;SMF> in July and operates
+the former sewing machines and furniture businesses of Singer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11734" NEWID="6821">
+<DATE>18-MAR-1987 16:24:09.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f9432&#31;reute
+u f BC-U.S.-TREASURY-SELLING   03-18 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY SELLING 25 BILLION DLRS OF NOTES</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The U.S. Treasury said it will
+auction 25 billion dlrs of two, four and seven-year notes next
+week to raise a total of 9.275 billion dlrs of new cash.
+    The financing will begin with the monthly auction on
+Tuesday, March 24 of 10 billion dlrs of two-year notes. That
+will be followed on Wednesday and Thursday by respective
+quarterly sales of 7.75 billion dlrs of four-year notes and
+7.25 billion dlrs of seven-year notes to refund 15.72 billion
+dlrs of two-year and four-year notes maturing March 31.
+    The two-year notes mature March 31, 1989. The four-years
+mature March 31, 1991 with the seven-years due April 15, 1994.
+    The two-year notes will be issued in minimum denominations
+of 5,000 dlrs and the four- and seven-year notes will be in
+minimum denominations of 1,000 dlrs.
+    The two-year notes and the four-year notes will be issued
+March 31 and the seven-year notes April 1.
+    The Treasury said non-competitive bids will be accepted for
+all three issues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11735" NEWID="6822">
+<DATE>18-MAR-1987 16:24:35.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f9434&#31;reute
+b f BC-******SENATE-NARROWLY   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SENATE NARROWLY DEFEATS MOVE TO BLOCK DLRS 40 MLN IN NICARAGUAN REBEL AID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11736" NEWID="6823">
+<DATE>18-MAR-1987 16:24:42.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f9435&#31;reute
+r f BC-TRIPLE-WITCHING-OVERH   03-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIPLE WITCHING ISSUE OVERHANGS FUTURES MEETING</TITLE>
+<AUTHOR>    By Nelson Graves, Reuters</AUTHOR>
+<DATELINE>    BOCA RATON, Florida, March 18 - </DATELINE><BODY>Leaders of the major U.S.
+commodity exchanges and their federal regulators begin a
+three-day meeting here tomorrow satisfied with the industry's
+growth but uncertain about their futures.
+    An estimated 1,200 industry officials are expected to
+attend the annual gathering hosted by the Futures Industry
+Association, FIA.
+    The satisfaction comes from the dramatic expansion of the
+U.S. futures and options industries over the last decade.
+    The uncertainty surrounding this year's meeting stems
+largely from a pervasive sense that the potential for major
+market disruption stalks the futures, options and equity
+industries.
+    This bucolic resort will provide an ironic backdrop as the
+financial industry's chiefs anxiously observe this quarter's
+triple witching hour, March 20, when price gyrations threaten
+to rock markets.
+    Triple witching occurs when stock index futures and options
+and individual stock options expire simultaneously.
+    The quarterly phenomenon has been marked by price
+volatility as arbitrageurs have shifted investments between
+stocks and their derivative instruments.
+    In an effort to quell price fluctuations, the Chicago
+Mercantile Exchange, CME, home of the Standard and Poor's 500
+stock index futures contract, recently announced plans to move
+the contract's settlement to the morning of the quarterly
+expiration day from the afternoon.
+    The New York Stock Exchange this Friday intends to
+implement stricter procedures requiring members to submit all
+market-on-close orders in 50 blue-chip stocks by 1530 EST.
+    Despite these efforts to ensure smoother contract
+expirations, there is a sense more might have to be done to
+avert an uncontrollable fall in prices someday.
+    Looming over the exchanges are the twin threats of
+fortified federal regulation and congressional action to strap
+market activity.
+    Commodity Futures Trading Commission, CFTC, Chairman Susan
+Phillips has said the current regulatory structure is adequate
+to cope with intermarket arbitrage, but that she expects new
+surveillance procedures and enhanced cooperation with the
+Securities and Exchange Commission, SEC.
+    SEC Chairman John Shad, voicing concern over price
+volatility associated with program trading, has resurrected a
+proposal, opposed by CFTC officials, to give federal regulators
+control over the setting of futures margins.
+    Some contend that because futures margins are low relative
+to stock margins, portfolio managers have a tendency to shift
+out of stock index futures in a falling stock market, hastening
+a downward price spiral.
+    Absent from this week's meeting will be a key congressional
+player -- Rep. John Dingell (D-Mi.), chairman of the House
+Energy and Commerce Committee and head of a subcommittee
+responsible for overseeing the SEC.
+    Dingell has promised to look into program trading and
+explore ways of insuring investors and hedgers against market
+disruptions. He is interested in reviewing margins and dual
+trading, a practice that allows futures brokers to trade for
+their own account before placing customers' orders.
+    Recently, a group of CME members, concerned over the
+perception of abuse of dual trading, proposed banning the
+practice. The CME board responded with a plan that would
+restrict, but not ban, the activity.
+    The meeting will also be attended by regulators from
+Australia, Britain, France, Hong Kong, New Zealand and
+Singapore. Their appearance coincides with a controversial CFTC
+proposal to adopt new regulations over the trading of foreign
+futures and options on U.S. exchanges.
+    The U.S. exchanges oppose the proposed regulations on the
+grounds they would prove unnecessarily burdensome.
+    Other areas of disagreement between the CFTC and the
+exchanges include the requirement that the exchanges implement
+strict, one-minute audit trails by this summer, proposals to
+revise federal limits on speculative positions and the
+definition of hedging, and CFTC efforts to determine which new
+instruments must be traded on regulated exchanges.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11737" NEWID="6824">
+<DATE>18-MAR-1987 16:26:16.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9440&#31;reute
+r f BC-UNOCAL-&lt;UCL>-UNIT-BEG   03-18 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOCAL &lt;UCL> UNIT BEGINS PLANT CONSTRUCTION</TITLE>
+<DATELINE>    LOS ANGELES, March 18 - </DATELINE><BODY>Unocal Corp said its Desert Power
+subsidiary began construction of a 47,500 kilowatt geothermal
+plant in Southern California's Imperial Valley.
+    The company said Desert Power expects the plant to be
+operational by early 1989.
+    The new plant will be located at the southern end of the
+Salton Sea, about one-half mile from an existing 10,000
+kilowatt generating plant owned and operated by Southern
+California Edison Co &lt;SEC>, Unocal also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11738" NEWID="6825">
+<DATE>18-MAR-1987 16:27:22.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9443&#31;reute
+s f BC-RESTAURANT-MANAGEMENT   03-18 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESTAURANT MANAGEMENT SERVICES &lt;RESM> IN PAYOUT</TITLE>
+<DATELINE>    MACON, Ga., March 18 -
+    </DATELINE><BODY>Qtly div 1-3/4 cts vs 1-3/4 cts prior
+    Pay April 23
+    Record April nine
+    NOTE: Full name Restaurant Management Services Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11739" NEWID="6826">
+<DATE>18-MAR-1987 16:28:48.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f9448&#31;reute
+u f BC-SENATE-DEFEATS-MOVE-A   03-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE DEFEATS MOVE AGAINST NICARAGUAN REBEL AID</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Senate defeated a move to block
+dlrs 40 mln in military aid to the Nicaraguan "contra" rebels,
+virtually assuring the aid will go through.
+    The 52-to-48 vote was a victory for President Reagan, who
+made the contra program the centerpiece of his Central American
+policy.
+    The vote virtually guaranteed that 40 mln dlrs -- the final
+installment of a 100 mln-dlr aid package approved by Congress
+last year -- would reach the rebels fighting the leftist
+Managua government.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11740" NEWID="6827">
+<DATE>18-MAR-1987 16:29:41.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9453&#31;reute
+r f BC-CITIZENS-FIRST-BANCOR   03-18 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS FIRST BANCORP INC &lt;CFB>RAISES DIVIDEND</TITLE>
+<DATELINE>    GLEN ROCK, N.J., March 18 - 
+    </DATELINE><BODY>Qtly div 15 cts vs 12.5 cts prior
+    Pay May 1
+    Record April 17
+    Note: Prior dividend is adjusted for recent six-for-five
+stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11741" NEWID="6828">
+<DATE>18-MAR-1987 16:31:02.11</DATE>
+<TOPICS><D>jet</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9457&#31;reute
+u f BC-TEXACO-INC-&lt;TX>-84.1   03-18 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO INC &lt;TX> 84.1 MLN DLR DEFENSE CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Texaco Refining and Marketing Inc is
+being awarded a 84.1 mln dlr Defense Logistics Agency contract
+for jet fuel, the Defense Department said.
+    It said work on the contract, which was awarded as part of
+a multi-contract procurement program, is expected to be
+completed by March 31, 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11742" NEWID="6829">
+<DATE>18-MAR-1987 16:34:29.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE><D>mulroney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f9464&#31;reute
+u f AM-Rain-Canada   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA WELCOMES LATEST REAGAN ACID RAIN PLEDGE</TITLE>
+<DATELINE>    OTTAWA, March 18 - </DATELINE><BODY>The Canadian government welcomed
+President Reagan's announcement that he would seek 2.5 billion
+dlrs over five years to combat acid rain.
+    "This action on the part of the U.S. administration serves
+well our ultimate objective of a bilateral accord providing for
+a common resolution of this serious environment problem," Prime
+Minister Brian Mulroney said in a statement.
+    Environment Minister Tom McMillan said the Reagan
+announcement was a major step toward elimination of acid rain
+and that Canada was pleased with the U.S. decision.
+    The Reagan announcement earlier today said the
+administration would ask Congress to approve 500 mln dlrs in
+each of the next two fiscal years to fund innovative projects
+to control smokestack emissions -- blamed for acid rain that
+has killed fish and trees in eastern Canada and the
+northeastern United States.
+    Canada has been pressing the Reagan administration to live
+up to a commitment made last year for 5 billion dlrs in
+spending by the U.S. government and industry to cut toxic
+emissions that cause acid rain.
+    The acid rain issue has been the major irritant in
+Canada-U.S. relations for several years, with Ottawa accusing
+Washington of failing to act on the issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11743" NEWID="6830">
+<DATE>18-MAR-1987 16:36:05.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9466&#31;reute
+h f BC-ALLISON'S-PLACE-INC-&lt;   03-18 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLISON'S PLACE INC &lt;ALLS> 4TH QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 18 -
+    </DATELINE><BODY>Shr seven cts vs 20 cts
+    Net 184,000 vs 387,000
+    Revs 9,100,000 vs 6,700,000
+    Year
+    Shr 13 cts vs 33 cts
+    Net 315,000 vs 627,000
+    Revs 32.4 mln vs 24.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11744" NEWID="6831">
+<DATE>18-MAR-1987 16:37:10.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9469&#31;reute
+f f BC-******CONAGRA-INC-3RD   03-18 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONAGRA INC 3RD QTR SHR 36 CTS VS 31 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11745" NEWID="6832">
+<DATE>18-MAR-1987 16:38:07.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9471&#31;reute
+r f BC-MCDONNELL-DOUGLAS-&lt;MD   03-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL DOUGLAS &lt;MD> GETS ORDER</TITLE>
+<DATELINE>    LONG BEACH, Calif, March 18 - </DATELINE><BODY>McDonnell Douglas Corp said
+it received its first order for an executive jet model of its
+MD-80 aircraft from Ginji Yasuda, owner of Aladdin Hotel and
+Casino in Las Vegas, NEvada.
+    A spokesman said the commercial model of the aircraft sells
+for about 26 mln dlrs, but would not disclose the value of the
+customized version of the MD-80.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11746" NEWID="6833">
+<DATE>18-MAR-1987 16:38:44.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9474&#31;reute
+u f BC-LITTON-&lt;LIT>-UNIT-GET   03-18 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTON &lt;LIT> UNIT GETS 164.2 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Litton Industries' Applied
+Technology Division is being awarded a 164.2 mln dlr Navy
+contract for aircraft radar warning receivers for the U.S.
+Navy, Australia and Spain, the Defense Department said.
+    It said work on the contract, which combines purchases for
+the three countries under the Foreign Military Sales program,
+is expected to be completed in Febraury 1990.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11747" NEWID="6834">
+<DATE>18-MAR-1987 16:39:55.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9477&#31;reute
+b f BC-******DEFENSE-DEPARTM   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DEFENSE DEPARTMENT SAYS LOCKHEED AWARDED 304 MLN DLR AIR FORCE SDI CONTRACT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11748" NEWID="6835">
+<DATE>18-MAR-1987 16:40:46.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9479&#31;reute
+b f BC-******DEFENSE-DEPARTM   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DEFENSE DEPARTMENT SAYS GRUMMAN GETS 303.9 MLN DLR AIR FORCE SDI CONTRACT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11749" NEWID="6836">
+<DATE>18-MAR-1987 16:41:03.31</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9480&#31;reute
+r f BC-PRI-&lt;PRI>-TO-BUY-SHEL   03-18 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRI &lt;PRI> TO BUY SHELL &lt;RD> HAWAII GAS STATIONS</TITLE>
+<DATELINE>    HONOLULU, March 18 - </DATELINE><BODY>Pacific Resources Inc said it signed a
+definitive agreement with Royal Dutch/Shell Group unit Shell
+Oil Co to buy Shell's marketing, terminaling and distribution
+assets in Hawaii for 32 mln dlrs.
+    The purchase would include Shell's interest in 39 retail
+gasoline stations and four petroleum product terminals, PRI
+said. The company said it expects the transaction to be
+completed by September 1, 1987.
+    The pact includes provisions allowing the continued use of
+the Shell trademark, credit cards and the sale of Shell brand
+products by the gasoline stations, PRI said.
+    PRI said all Shell-brand products sold under this agreement
+will be manufactured to Shell specifications.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11750" NEWID="6837">
+<DATE>18-MAR-1987 16:41:56.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9485&#31;reute
+d f BC-READING-CO-&lt;RDGC>-4TH   03-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>READING CO &lt;RDGC> 4TH QTR OPER NET</TITLE>
+<DATELINE>    PHILADELPHIA, March 18 -
+    </DATELINE><BODY>Oper shr 40 cts vs 30 cts
+    Oper net 1,364,000 vs 1,025,000
+    Revs 14.7 mln vs 11.0 mln
+    Avg shrs 3,372,970 vs 3,425,400
+    Year
+    Oper shr 86 cts vs 32 cts
+    Oper net 2,925,000 vs 1,109,000
+    Revs 43.0 mln vs 35.7 mln
+    Avg shrs 3,383,651 vs 3,418,594
+    NOTE: Year-ago periods exclude extraordinary gain of 1.1
+mln dlrs or 31 cts/shr.
+    Includes gains of 988,000 dlrs vs one mln dlrs in qtr and
+2.2 mln dlrs vs 1.1 mln dlrs in year from tax loss
+carryforwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11751" NEWID="6838">
+<DATE>18-MAR-1987 16:42:06.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>djibouti</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f9486&#31;reute
+d f BC-EIGHT-KILLED-IN-DJIBO   03-18 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIGHT KILLED IN DJIBOUTI BLAST</TITLE>
+<DATELINE>    PARIS, March 18 - </DATELINE><BODY>Eight people were killed and some 30
+injured in a blast in a crowded cafe in the Red Sea port of
+Djibouti, a spokesman for the African country's main newspaper
+La Nation said.
+    Reached by telephone from Paris, he said the blast in one
+of the city's most popular cafes appeared to have been caused
+by a bomb.
+    He said the death toll had been given by Djibouti's
+Interior Minister whom he quoted as speaking of "a criminal act."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11752" NEWID="6839">
+<DATE>18-MAR-1987 16:42:41.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9488&#31;reute
+h f BC-LOTUS-&lt;LOTS>-CUTS-PRI   03-18 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOTUS &lt;LOTS> CUTS PRICE ON 1-2-3 REPORT WRITER</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 18 - </DATELINE><BODY>Lotus Development Corp said it
+reduced the suggested retail price of its 1-2-3 Report Writer
+software package to 95 dlrs from 150 dlrs.
+    The company said it also removed copy protection from the
+program, which is used to generate customized reports and forms
+from data base files.
+    Lotus said the steps bring 1-2-3 Report Writer in line with
+other programs based on the 1-2-3 package.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11753" NEWID="6840">
+<DATE>18-MAR-1987 16:42:53.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9489&#31;reute
+u f BC-CONAGRA-INC-&lt;CAG>-3RD   03-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONAGRA INC &lt;CAG> 3RD QTR FEB 22 NET</TITLE>
+<DATELINE>    OMAHA, Neb., March 18 - 
+    </DATELINE><BODY>Shr primary 36 cts vs 31 cts
+    Shr diluted 36 cts vs 31 cts
+    Net 25.1 mln vs 21.7 mln
+    Revs 1.53 billion vs 1.39 billion
+    Avg shrs primary 68.8 mln vs 68.9 mln
+    Avg shrs diluted 70.5 mln vs 71.0 mln
+    Nine mths
+    Shr primary 1.32 dlrs vs 1.13 dlrs
+    Shr diluted 1.30 dlrs vs 1.11 dlrs
+    Net 90.8 mln vs 77.6 mln
+    Nine mths
+    Revs 5.18 billion vs 4.58 billion
+    Avg shrs primary 68.9 mln vs 68.8 mln
+    Avg shrs diluted 70.6 mln vs 71.0 mln
+    Note: Net is before preferred dividend payments.
+    Current nine mths net includes after-tax provision of five
+mln dlrs for consolidation of food plants.
+    Shr and avg shrs data reflect two-for-one split in December
+1986. Results for year-ago nine mths and current first half
+restated to reflect acquisition of E.J. Miller Enterprises for
+1,040,000 shares in January 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11754" NEWID="6841">
+<DATE>18-MAR-1987 16:45:27.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f9495&#31;reute
+r f BC-canadian-pacific-seek   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN PACIFIC &lt;CP> SEEKS BUYER FOR UNIT</TITLE>
+<DATELINE>     MONTREAL, March 18 - </DATELINE><BODY>Canadian Pacific Ltd said it retained
+Wood Gundy Inc to seek a buyer for Maple Leaf Mills Ltd of
+Toronto.
+    The company said Maple Leaf had 1986 sales of 819 mln dlrs
+and an after tax profit of 16.3 mln dlrs. It is a diversified
+agriproducts company which produces and sells industrial and
+consumer flour, flour-based products and baked goods.
+    It also operates a fully integrated poultry business and a
+rendering businesses, markets livestock and poultry feed and
+distributes grain through a network of country and terminal
+elevators.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11755" NEWID="6842">
+<DATE>18-MAR-1987 16:46:13.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9496&#31;reute
+r f BC-WILSON-FOODS-&lt;WILF>-S   03-18 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILSON FOODS &lt;WILF> SETS FINAL CREDITOR PAYMENT</TITLE>
+<DATELINE>    OKLAHOMA CITY, Okla., March 18 - </DATELINE><BODY>Wilson Foods Corp said it
+made the final creditor payment under its 1984 plan of
+reorganization.
+    The plan resulted from its 1983 filing under Chapter 11
+filing of the U.S. Bankruptcy Code.
+    Including the final payment, the company said it has paid
+its creditors 31 mln dlrs plus interest at 9.5 pct, repaying
+all outstanding debt owed under the plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11756" NEWID="6843">
+<DATE>18-MAR-1987 16:47:25.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9497&#31;reute
+r f BC-OCILLA-INDUSTRIES-&lt;OC   03-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCILLA INDUSTRIES &lt;OCIL> UNIT OBTAINS CREDIT</TITLE>
+<DATELINE>    OCILLA, Ga., March 18 - </DATELINE><BODY>Ocilla Industries Inc said its
+Flintstone Industries Inc subsidiary obtained a three mln
+dollar revolving credit with Bank South Corp &lt;BKSO>.
+    It said Bank South will lend Flintstone amounts
+constituting up to a maximum of 80 pct of acceptable
+receivables and 25 pct of acceptable inventory as defined in
+the loan agreement.
+    In connection with the agreement, Flinstone was granted a
+security interest in its inventory, receivables, and equipment,
+and in certain property in Irwin County, Ga.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11757" NEWID="6844">
+<DATE>18-MAR-1987 16:48:44.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f9499&#31;reute
+d f BC-air-canada-buy   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR CANADA COURIER BUY SHARPLY ALTERS INDUSTRY</TITLE>
+<AUTHOR>    By Larry Welsh, Reuters</AUTHOR>
+<DATELINE>    TORONTO, March 18 - </DATELINE><BODY>Air Canada's 54 mln U.S. dlr
+acquisition of Gelco Corp's &lt;GEC> Canadian unit has
+dramatically altered Canada's fast growing courier industry,
+largely dominated by U.S. companies until this year, company
+officials and analysts said.
+    State-owned Air Canada takes over the country's second
+largest overnight courier business just two months after
+another Canadian company, &lt;Onex Capital Corp Ltd>, approved the
+acquisition of number one ranked Purolator Courier Ltd from New
+Jersey-based Purolator Courier Corp &lt;PCC>.
+    But analysts said the two acquisitions were prompted by
+financial restructuring undertaken by the U.S. parent companies
+and likely don't represent an industry trend toward buying out
+foreign owned courier operations.
+    "It's a case of whether you can buy from the right people at
+the right time," McLeod Young Weir Ltd transportation analyst
+Tony Hine commented.
+    The two acquisitions fit with a larger move by U.S.
+companies embroiled in a take-over or restructuring to sell-off
+their Canadian units to generate ready cash, said Nesbitt
+Thomson Deacon Inc analyst Harold Wolkin.
+    "There is a very good correlation between the U.S. parent
+selling Canadian subsidiaries and the U.S. parent either being
+under siege or taking someone else over," he said.
+    Gelco Corp, of Minnesota, decided to sell Gelco Express Ltd
+as part of its previously announced program to sell off four
+operating units to buy back shares and pay down debt, Gelco
+Express marketing vice president James O'Neil told Reuters.
+    The sale is the first under Gelco's divestiture program,
+and proceeds will be used to help pay down 350 mln U.S. dlrs of
+debt by year-end, the company said.
+    While company officials declined to disclose earnings and
+revenue figures, O'Neil said Gelco Express holds a dominant
+position in the industry, handling more than 50,000 packages a
+day and generating revenues of more than 100 mln Canadian dlrs
+a year.
+    The earlier move by Purolator to sell its Canadian unit
+formed an important part of a company restructuring program,
+adopted after another Canadian Company, &lt;Unicorp Canada Corp>,
+acquired a 12.6 pct stake in Purolator and said it would
+consider acquiring the whole company.
+    Last month, Purolator agreed to be acquired by a company
+formed by E.F. Hutton LBO Inc and certain managers of
+Purolator's U.S. courier business.
+    For Air Canada, its acquisition of Gelco's Canadian courier
+business represents an "excellent financial investment" in a
+market it sees growing by 25 to 30 pct annually, spokesman
+Esther Szynkarsky said.
+    The airline also announced it acquired a 65 pct stake in
+EMS Corp, of Calgary, an in-city messenger service.
+    It did not disclose financial terms, but Szynkarsky said
+the two acquisitions totalled about 90 mln Canadian dlrs, and
+the two business have combined yearly revenues of 170 mln dlrs.
+    She said the acquisition fit with Air Canada's strategy of
+seeking attractive investments that compliment its main airline
+business.
+    Gelco will continue to operate with current management,
+independently of Air Canada, although Air Canada already
+operates its own air cargo business that includes a small
+door-to-door courier operation.
+    "They're well run, they're a good investment, they're doing
+well in a growing market, and that's the way we want to keep
+it," Szynkarsky said.
+    Analyst Hine said the Gelco and Purolator Canadian units
+will likely retain operating links with their U.S. delivery
+network, generating traffic for the former parent companies
+without them having to tie up capital in Canada.
+    "The nature of the business is that incremental traffic is
+incremental revenue," Hine said.
+    "It's sort of a sausage maker business where you put in
+place the sausage grinder, and the more sausage you can stuff
+through, the more money you make," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11758" NEWID="6845">
+<DATE>18-MAR-1987 16:48:52.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9500&#31;reute
+r f BC-CHOCK-FULL-O'NUTS-&lt;CH   03-18 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHOCK FULL O'NUTS &lt;CHF> OFFERS DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Chock Full O'Nuts Corp said it filed a
+registration statement with the Securities and Exchange
+Commission for a proposed offering of 60 mln dlrs in
+convertible senior subordinated debentures due 2012.
+    Drexel Burnham Lambert Inc, Bear Stearns and Co Inc and
+Ladenburg, Thalmann and Co inc will underwrite the offering.
+    Proceeds will be used for expansion and acquisitions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11759" NEWID="6846">
+<DATE>18-MAR-1987 16:49:11.80</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>iwcc</D></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f9501&#31;reute
+r f BC-COPPER-INDUSTRY-ASKS   03-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COPPER INDUSTRY ASKS LME FOR STRATEGY STATEMENT</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>Representatives of the International
+Wrought Copper Council (IWCC) and major copper producers have
+told the London Metal Exchange (LME) a clear statement of its
+forward strategy would lead to a better understanding between
+industry and the LME.
+    In a press release the IWCC said that at the latest meeting
+between the copper industry and the LME to discuss the new
+clearing house system, industry expressed grave concern about
+latest proposals made by at least one LME member for a cash
+cleared market to replace the planned clearing system which
+will retain the prompt date settlement basis.
+    Copper industry delegates told the LME a decision to change
+(the planned clearing system) would indicate a fundamental
+change in the function of the LME and in its service to the
+industry, the release said.
+    By deterring industry use of the Exchange for hedging and
+physical needs it would remove many of the unique advantages
+currently offered by the LME and make it indistinguishable from
+non-trade orientated markets such as Comex.
+    The LME had to decide whether dealer convenience should
+take a higher priority over customer satisfaction, industry
+delegates said.
+    The IWCC release also said the LME had confirmed that no
+change would be made to the clearing system planned to start on
+May 29. But it had indicated that consideration would be given
+in due course to the cash clearing proposal, made by
+Amalgamated Metal Trading at a LME members meeting last week.
+    A copper industry spokesman suggested that some assurance
+of permanence in the new clearing system would remove industry
+fears of uncertainty resulting from an endless process of
+review and change, the press release said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11760" NEWID="6847">
+<DATE>18-MAR-1987 16:49:26.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9503&#31;reute
+b f BC-******FORMER-WHITE-HO   03-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORMER WHITE HOUSE AIDE MICHAEL DEAVER INDICTED ON FIVE COUNTS OF PERJURY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11761" NEWID="6848">
+<DATE>18-MAR-1987 16:50:11.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9508&#31;reute
+d f BC-NORTH-WEST-TELECOM-&lt;N   03-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH-WEST TELECOM &lt;NOWT> 4TH QTR OPER NET</TITLE>
+<DATELINE>    LA CROSSE, WIS., March 18 -
+    </DATELINE><BODY>Oper shr 64 cts vs 52 cts
+    Oper net 872,272 vs 706,836
+    Revs 9,271,541 vs 7,744,466
+    Year
+    Oper shr 2.03 dlrs vs 1.96 dlrs
+    Oper net 2,782,7801 vs 2,684,089
+    Revs 31.2 mln vs 29.1 mln
+    NOTE: Full name is North-West Telecommunications Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11762" NEWID="6849">
+<DATE>18-MAR-1987 16:50:30.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9509&#31;reute
+u f BC-COMPUTER-MEMORIES   03-18 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP RECONSIDERS COMPUTER MEMORIES &lt;CMIN> BID</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>A shareholder group led by Far
+Hills, N.J., investor Natalie Koether said it is reconsidering
+its plan to seek control of Computer Memories Inc and now plans
+to sell its entire stake in the company.
+    In a filing with the Securities and Exchange Commission,
+the group, which includes Sun Equities Corp, said it sold a net
+365,375 Computer Memories common shares between March 5 and 17
+at prices ranging from 3-3/4 to four dlrs a share, lowering its
+stake to 687,000 shares, or 6.2 pct of the total outstanding.
+The group said it reconsidered its takeover plans after the
+company announced it agreed to a stock swap.
+    On March 12, the Chatsworth, Calif., computer disk drive
+concern said it agreed in a letter of intent to exchange 80 pct
+of its stock, all of which would be newly issued, for the
+assets of privately held Hemdale Film Corp, with Hemdale as the
+surviving entity.
+    "In light of these disclosures, Sun found it necessary to
+re-evaluate the feasibility of seeking control of the company
+and has sold a portion of its shares and currently intends to
+sell the balance thereof from time to time," the group said.
+    The group, which disclosed plans on Dec 29 to seek control
+of the company, reserved the right to change its mind again.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11763" NEWID="6850">
+<DATE>18-MAR-1987 16:51:33.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9516&#31;reute
+h f BC-AULT-INC-&lt;AULT>-3RD-Q   03-18 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AULT INC &lt;AULT> 3RD QTR MARCH ONE NET</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 18 - 
+    </DATELINE><BODY>Shr profit eight cts vs loss 16 cts
+    Net profit 153,000 vs loss 310,000
+    Sales 3,937,000 vs 2,364,000
+    Nine Mths
+    Shr profit five cts vs loss 53 cts
+    Net profit 97,000 vs loss 1,042,000
+    Sales 10.2 mln vs 7,564,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11764" NEWID="6851">
+<DATE>18-MAR-1987 16:51:41.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9517&#31;reute
+b f AM-DEAVER-1STLD   03-18 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER WHITE HOUSE AIDE DEAVER INDICTED</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Former White House aide Michael
+Deaver, a close friend of President Reagan, was indicted by a
+grand jury on criminal charges that he lied about his
+Washington lobbying business.
+    Deaver, long a confidant of Reagan and his wife Nancy,
+faces a maximum 25 years in prison if convicted on five counts
+that he lied to Congress and the grand jury investigating his
+business affairs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11765" NEWID="6852">
+<DATE>18-MAR-1987 16:52:12.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9521&#31;reute
+s f BC-AMERICUS-TRUST-&lt;ATU>   03-18 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICUS TRUST &lt;ATU> AND &lt;ATP> INITIAL DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Americus Trust for American Telephone
+and Telegraph Shares Series Two said it will distribute an
+initial dividend of 28.75 cts on May 12 to shareholders of
+record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11766" NEWID="6853">
+<DATE>18-MAR-1987 16:52:28.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9522&#31;reute
+u f BC-XTRA-&lt;XTR>-TO-BUY-FRU   03-18 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XTRA &lt;XTR> TO BUY FRUEHAUF &lt;FTR> UNIT</TITLE>
+<DATELINE>    BOSTON, March 18 - </DATELINE><BODY>XTRA Corp said it agreed to acquire all
+the stock of RentCo Trailer Corp, a wholly owned subsidiary of
+Fruehauf Corp for about 70 mln dlrs.
+    RentCo had revenues of about 70 mln dlrs.
+    The transaction is expected to be completed in April and is
+subject to regulatory approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11767" NEWID="6854">
+<DATE>18-MAR-1987 16:53:35.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9525&#31;reute
+u f BC-LOCKHEED-&lt;LK>-UNIT-GE   03-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOCKHEED &lt;LK> UNIT GETS 304 MLN DLR SDI CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Lockheed Corp's Lockheed Missiles
+and Space Co Inc is being awarded a 304 mln dlr Air Force
+contract for work related to the Strategic Defense Initiative
+(SDI), the Defense Department said.
+    It said the work consists of a 34 month SDI Boost
+Surveillance and Tracking System demonstration/validation
+effort which is expected to be completed in January 1990.
+    The department said 34.3 mln dlrs of the contract funds
+will expire at the end of the current fiscal year. It added
+that 38 bids for the work were solicited and three proposals
+were received.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11768" NEWID="6855">
+<DATE>18-MAR-1987 16:53:57.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9526&#31;reute
+r f BC-WICKES-COMPANIES-&lt;WIX   03-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WICKES COMPANIES &lt;WIX> COMPLETES SALE OF UNIT</TITLE>
+<DATELINE>    SANTA MONICA, Calif., March 18 - </DATELINE><BODY>Wickes Companies Inc said
+it completed the sale of its Sequoia Supply division to a new
+company created by the management of that division.
+    Paul Hylbert, president of Sequoia, has been named
+president and chief executive officer of the new company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11769" NEWID="6856">
+<DATE>18-MAR-1987 16:54:07.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9527&#31;reute
+d f BC-CENERGY   03-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LDBRINKMAN &lt;LDBC> CHIEF CUTS CENERGY &lt;CRG> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>LDBrinkman Corp Chairman L.D.
+Brinkman and members of his family said they cut their stake in
+Cenergy Corp to 3,647 shares, or 0.4 pct of the total
+outstanding, from 912,147 shares, or 9.4 pct.
+    In a filing with the Securities and Exchange Commission,
+the group said it sold 302,833 Cenergy common shares to Snyder
+Oil Partners L.P. &lt;SOI> on March 14 for 2,725,500 dlrs and gave
+Snyder another 605,667 shares, in exchange for 524,135 units of
+limited partnership interests in Snyder.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11770" NEWID="6857">
+<DATE>18-MAR-1987 16:55:40.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9533&#31;reute
+u f BC-GRUMMAN&lt;GQ>-UNIT-GETS   03-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRUMMAN&lt;GQ> UNIT GETS 303.9 MLN DLR SDI CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Grumman Space Systems division
+of Grumman Corp is being awarded a 303.9 mln dlr Air Force
+contract for work related to the Strategic Defense Initiative
+(SDI), the Defense Department said.
+    It said the contract, similar to one awarded to Lockheed
+Corp, is for a 34 month SDI Boost Surveillance and Tracking
+System demonstration/validation effort which is expected to be
+completed in January 1990.
+    The department said 34.3 mln dlrs of the contract funds
+will expire at the end of the current fiscal year. It added
+that 38 bids for the work were solicited and three proposals
+were received.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11771" NEWID="6858">
+<DATE>18-MAR-1987 16:55:49.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9534&#31;reute
+r f BC-TIGER-INTERNATIONAL-&lt;   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIGER INTERNATIONAL &lt;TGR> PAYS INTEREST IN STOCK</TITLE>
+<DATELINE>    LOS ANGELES, March 18 - </DATELINE><BODY>Tiger International Inc said it
+will pay the interest due April 1 on its 11-1/2 pct Sinking
+Fund debentures by distributing common stock.
+    Each debenture holder will receive the number of whole
+shares of Tiger common stock obtained by dividing the interest
+payable by 90 pct of the average closing price of the stock
+from February  18 through March 17. Fractions will be paid in
+cash.
+    The company said about 165,000 shares of Tiger common stock
+will be issued in connection with the interest payment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11772" NEWID="6859">
+<DATE>18-MAR-1987 16:55:53.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9535&#31;reute
+d f BC-INTER-TEL-INC-&lt;INTLA>   03-18 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTER-TEL INC &lt;INTLA> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    CHANDLER, Ariz., March 18 -
+    </DATELINE><BODY>Shr three cts vs one ct
+    Net 235,000 vs 66,000
+    Revs 10 mln vs 8,202,000
+    Avg shrs 7,972,000 vs 8,545,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11773" NEWID="6860">
+<DATE>18-MAR-1987 16:57:04.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9538&#31;reute
+d f BC-TEXSTYRENE-CORP-&lt;FOAM   03-18 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXSTYRENE CORP &lt;FOAM> 11 MTHS DEC 31 LOSS</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 18 -
+    </DATELINE><BODY>Shr loss 83 cts
+    Net loss 2,115,000
+    Revs 139.6 mln
+    Avg shrs 3.6 mln
+    NOTE: Company went public February 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11774" NEWID="6861">
+<DATE>18-MAR-1987 16:57:20.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9539&#31;reute
+s f BC-FLUOROCARBON-CORP-&lt;FC   03-18 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLUOROCARBON CORP &lt;FCBN> QTLY DIVIDEND</TITLE>
+<DATELINE>    LAGUNA NIGUEL, Calif., March 18 -
+    </DATELINE><BODY>Shr seven cts vs seven cts prior qtr
+    Pay April 30
+    Record April 15
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11775" NEWID="6862">
+<DATE>18-MAR-1987 16:57:33.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9540&#31;reute
+r f BC-METRO-MOBILE-&lt;MMCT>-D   03-18 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METRO MOBILE &lt;MMCT> DECLARES STCOK DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Metro Mobile CTS Inc said it declared
+a 10 pct stock dividend.
+    The dividend will be distributed on April 13 to holders of
+record March 30.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11776" NEWID="6863">
+<DATE>18-MAR-1987 16:58:06.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f9543&#31;reute
+r f BC-laurentian-group-sees   03-18 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAURENTIAN GROUP SEES HIGHER SHARE NET</TITLE>
+<DATELINE>    MONTREAL, March 18 - </DATELINE><BODY>&lt;Laurentian Group Corp> said it
+expects 1987 earnings per share will show about the same
+proportionate increase as in 1986.
+    Last year, the company had 25.7 mln dlrs operating profit,
+or 76 cts per share, up from 11.1 mln dlrs, or 59 cts per
+share, in 1985. Shares outstanding increased to 39 mln from
+27.8 mln.
+    The American holding company, Laurentian Capital Corp, will
+show a substantial improvement this year, chairman Claude
+Castonguay said before the annual meeting.
+    Laurentian Capital Corp, which recently acquired two small
+U.S. life insurance companies, had 1986 profit of 1.1 mln U.S.
+dlrs, or eight cts per share, compared to seven mln U.S. dlrs,
+or 68 cts per share.
+    Castonguay said Laurentian Group Corp, the parent firm,
+plans to fill out its national financial services distribution
+system and make further acquisitions if the right opportunity
+occurs.
+    The company also may expand this year in continental
+Europe, in conjunction with La Victoire, a French insurance
+company, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11777" NEWID="6864">
+<DATE>18-MAR-1987 17:01:19.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9552&#31;reute
+r f BC-METRO-MOBILE-&lt;MMCT>-D   03-18 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METRO MOBILE &lt;MMCT> DECLARES STOCK DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Metro Mobile CTS Inc said it declared
+a 10 pct stock dividend.
+    The dividend will be distributed on April 13 to holders of
+record March 30.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11778" NEWID="6865">
+<DATE>18-MAR-1987 17:01:40.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f9554&#31;reute
+r f BC-&lt;TRIDEL-ENTERPRISES-I   03-18 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TRIDEL ENTERPRISES INC> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 18 -
+    </DATELINE><BODY>Shr 1.05 dlrs vs 51 cts
+    Net 8,500,000 vs 4,100,000
+    Revs 183.2 mln vs 136.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11779" NEWID="6866">
+<DATE>18-MAR-1987 17:01:59.42</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f9556&#31;reute
+r f AM-debt-peru   03-18 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU SHORT-TERM TRADE CREDIT UP TO 430 MLN DLRS</TITLE>
+<DATELINE>    LIMA, March 18 - </DATELINE><BODY>Peru's short-term foreign trade credit
+lines, regarded as vital to ensure smooth foreign commercial
+transactions, have more than doubled to 430 mln dollars under
+the 20-month government of president Alan Garcia.
+    Central bank general manager Hector Neyra told reporters
+many of the credits were 90-day.
+    Trade credits were 210 mln dlrs when Garcia took office in
+1985 announcing a tough stance limiting foreign debt repayments
+to 10 pct of export earnings.
+    Neyra told Reuters Peru was current on interest payments on
+short-term debt, including trade credit lines and on about 750
+mln dlrs in so-called  "working capital" credits.
+    Trade credit lines were 880 mln dlrs in 1982, but fell in
+1984 when Peru stopped some payments to private foreign banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11780" NEWID="6867">
+<DATE>18-MAR-1987 17:02:51.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f9557&#31;reute
+r f BC-SHEARSON-SELLS-NEW-CD   03-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHEARSON SELLS NEW CDS FOR JAPANESE BANKS</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Shearson Lehman Brothers Inc said it
+has sold a new type of certificate of deposit designed to
+provide top-rated Japanese banks with broader access to the
+U.S. money markets.
+    The investment banker said its variable money market
+certificates of deposit are structured as traditional floating
+rate CDs, with the rate based on the AA commercial paper
+composite rate of the Federal Reserve Bank of New York.
+    Shearson said it offered the novel CDs yesterday to mostly
+institutional investors. The series totaled 500 mln dlrs and
+was oversubscribed with nearly two billion dlrs in bids.
+    The first banks to issue the variable money market CDs were
+Sanwa Bank Ltd, Sumitomo Trust and Banking Co Ltd, Dai-Ichi
+Kangyo Bank Ltd, Fuji Bank Ltd and Sumitomo Bank Ltd, each with
+tranches of 100 mln dlrs, Shearson detailed.
+    The investment banking firm said another series of variable
+money market CDs is planned for April.
+    "The variable money market CDs provide a low cost
+dependable source of funds for issuing Japanese banks," said
+Robert Shapiro, executive vice president with Shearson Lehman
+Commercial Paper Inc. "The instrument enables banks to
+diversify their funding base in a significant way."
+    In yesterday's series, the issuing banks' coupon rates were
+set at the commercial bank composite rate plus a spread which
+is expected to equal an all-in-cost of LIBOR minus 10 basis
+points, Shearson said.
+    The rate will be reset monthly or quarterly and will be
+subject to a maximum of LIBOR and a minimum of the New York
+Fed's commercial paper composite rate.
+    Shearson stressed, however, that the spread over the
+commercial paper index to be paid by an issuing bank will be
+determined by investor demand. It added that other Japanese
+banks may participate in future issues.
+    "For the first time, they (the banks) will gain access not
+only to traditional CD investors but also to commercial paper
+investors at rates which are competitive with traditional
+floating rate CDs," said Michael Balaban, a vice president with
+Shearson's commercial paper unit.
+    He added, "For U.S. investors, the CDs are attractive
+because they are domestically issued paper with competitive
+rates offered by AAA-rated Japanese banks."
+    Balaban noted that several fiduciary investors and money
+market funds which had never previously purchased Japanese bank
+paper submitted bids during yesterday's sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11781" NEWID="6868">
+<DATE>18-MAR-1987 17:05:26.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F A
+&#22;&#22;&#1;f9560&#31;reute
+b f BC-labatt   03-18 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JOHN LABATT TO ISSUE 125 MLN DLRS OF DEBENTURES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11782" NEWID="6869">
+<DATE>18-MAR-1987 17:07:39.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f9562&#31;reute
+b f BC-U.K.-TO-SELL-OFF-REMA   03-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. TO SELL OFF REMAINING 31.7 PCT STAKE IN BP</TITLE>
+<DATELINE>    LONDON, March 18 - </DATELINE><BODY>The British Conservative government said
+it would sell off its remaining 31.7 pct shareholding in
+British Petroleum Co Plc &lt;BP.L> during the next financial year
+which starts on April 1.
+    Treasury Financial Secretary Norman Lamont made the
+announcement to Parliament. He said, "The government's policy is
+to sell its minority holdings in companies as and when
+circumstances permit.
+    "As part of this policy I am now able to announce that,
+subject to market conditions, the government will sell its
+remaining shares in BP during the 1987/88 financial year."
+    The last sale of British government shares in BP was in
+September 1983. The government currently holds some 578.5 mln
+ordinary shares in the company.
+    Lamont said the Treasury would appoint financial advisers
+for the sale. Merchant banks and stockbrokers interested in
+being considered for this would be interviewed in early April.
+    In September 1983, the U.K. Government sold 150 mln shares
+in an underwritten offer for sale by tender. The striking price
+then was 435 pence - 7.5 pct above the minimum tender price, a
+Treasury spokesman said.
+    He said the sale of BP shares would not cut across the
+government's plans to privatise Rolls-Royce, in either April or
+May, or the sale of BAA Plc, the British airports authority
+which is slated for privatisation in either June or July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11783" NEWID="6870">
+<DATE>18-MAR-1987 17:08:05.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9563&#31;reute
+r f BC-WESTINGHOUSE-&lt;WX>-GET   03-18 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTINGHOUSE &lt;WX> GETS 114 MLN DLRS IN CONTRACTS</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Westinghouse Electric Corp's Defense
+and Electronic Systems Center is being awarded two Air Force
+contract increases totalling 114.0 mln dlrs for work related to
+the F-16 radar, the Defense Department said.
+    It said both contracts, which combine purchases for the
+U.S. Air Force and Turkey under the Foreign Military Sales
+program, are expected to be completed in December 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11784" NEWID="6871">
+<DATE>18-MAR-1987 17:09:16.01</DATE>
+<TOPICS><D>crude</D><D>gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f9565&#31;reute
+f f BC-wkly-distillate   03-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EIA SAYS DISTILLATES OFF 7.6 MLN BBLS, GASOLINE OFF 3.4 MLN, CRUDE OFF 4.4 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11785" NEWID="6872">
+<DATE>18-MAR-1987 17:12:30.07</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f9571&#31;reute
+r f BC-EAST-RAND-PROPIETARY   03-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAST RAND MINES EXPECT HIGHER GOLD PRODUCTION</TITLE>
+<DATELINE>   JOHANNESBURG, March 18 - </DATELINE><BODY>East Rand Proprietary Mines Ltd
+said that barring any major disruption in production, it
+expects 1987 gold output to top 10 tonnes after dropping to
+9.223 tonnes last year from 10.251 in 1985.
+    Chairman Clive Knobbs said in the annual report the mine
+was expected to mill a higher tonnage while capital expenditure
+during 1987 will be around 118.5 mln rand.
+   The decline in gold production last year was due to a four
+pct drop in tonnage milled and a seven pct decline in grade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11786" NEWID="6873">
+<DATE>18-MAR-1987 17:12:55.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9574&#31;reute
+r f BC-SNYDER-&lt;SOI>-BUYS-STA   03-18 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SNYDER &lt;SOI> BUYS STAKE IN CENERGY</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 18 - </DATELINE><BODY>Snyder Oil Partners LP said
+it acquired 1.2 mln shares, or 12 pct, of Cenergy Corp.
+    It said it is continuing to review its investment  and has
+made no determination of its future course of action.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11787" NEWID="6874">
+<DATE>18-MAR-1987 17:13:44.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9578&#31;reute
+r f BC-FAR-WEST-FINANCIAL-&lt;F   03-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAR WEST FINANCIAL &lt;FWF> TO BUY PROGRESSIVE</TITLE>
+<DATELINE>    ALHAMBRA, Calif., March 18 - </DATELINE><BODY>Progressive Savings and Loan
+Association &lt;PRSL> said it has agreed in principle to be
+purchased by Far West Financial Corp's Far West Savings and
+Loan Association.
+    The acquisition would be a cash merger, with Progressive
+shareholders receiving up to three dlrs per share, the company
+said.
+    Progressive Savings has assets of about 500 mln dlrs and
+operates ten offices in Los Angeles and Orange counties.
+    The agreement is subject to federal and shareholder
+approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11788" NEWID="6875">
+<DATE>18-MAR-1987 17:14:01.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9579&#31;reute
+s f BC-COMMUNITY-SAVINGS-BAN   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNITY SAVINGS BANK &lt;CSBN> QTLY DIVIDEND</TITLE>
+<DATELINE>    HOLYOKE, Mass., March 18 - 
+    </DATELINE><BODY>Qtly div six cts vs six cts prior
+    Pay April 17
+    Record April 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11789" NEWID="6876">
+<DATE>18-MAR-1987 17:14:16.56</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f9580&#31;reute
+r f BC-DIVISION-SEEN-ON-HOW   03-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIVISION SEEN ON HOW TO HELP U.S. OIL INDUSTRY</TITLE>
+<AUTHOR>    By TED d'AFFLISIO, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>The U.S. Congress and the oil industry
+are deeply divided on ways the government should assist the
+industry, hurt by the sharp fall in oil prices, and the
+subsequent growth in oil imports, industry analysts said.
+    "The industry is deeply divided between those who support an
+oil tariff and those who believe tax incentives are better,"
+said Daniel Yergin, director of Cambridge Energy Research
+Associates, which recently completed a survey of the U.S.
+Congress on energy issues.
+    Yergin said he saw mounting support within Congress for tax
+incentives rather than an oil tariff or import fee.
+    Today U.S. Energy Secretary John Herington said he will
+propose tax incentives to increase edomestic oil and natural
+gas exploration and production to the Reagan Administration for
+consideration. White House spokesman Marlin Fitzwater said the
+proposal would be reviewed.
+    Herrington said, "I would like to shoot for one mln barrels
+a day (addition) to U.S. production." U.S. oil output was off to
+8.4 mln bpd in the week of March 13, down six pct from last
+year, the American Petroleum Institute said.
+    Oil industry analysts have forecast oil prices to average
+about 18 dlrs a barrel for the year and many believe that a
+move above that level will be unlikey for the near term.
+    Paul Mlotok, oil analyst for Salomon Brothers Inc said that
+"even with the rise in prices for the last week or two we've
+only altered our average price scenerio to about 17.50 dlrs for
+the year."
+    Analysts said that at that price renewed drilling and
+exploration to reverse the decline in U.S. crude oil output
+will not take place as the companies are waiting for stable
+prices over 20 dlrs to renew exploration.
+    John Lichtblau, president of the Petroleum Industry
+Research Foundation Inc in New york in recent testimony to
+Congress said "The continuing decline in U.S. oil production is
+virtually inevitable under any realistic price scenario. But
+the future rate of decline is very much a function of world oil
+prices and U.S. government policy."
+    Lichtbalu said that tax breaks could be used to raise oil
+production but would only work over time.
+    "Lowering the producing industry's tax burden would probably
+be a slower stimulant (to output) than a price increase but
+would not raise energy costs." Lichtblau said.
+    But the small independent oil companies who do much of the
+drilling in the U.S. are looking for the more immediate relief
+which could be brought on by an oil import fee.
+    Ronald Tappmeyer, president of the International
+Association of Drilling Contractors, said, "The members of our
+trade asssociation are convinced that only a variable oil
+import fee that sets a minimum price trigger can protect our
+nation." The association represents some 1,300 drilling and oil
+service companies.
+    The CERA survey of Congress shows that the oil import fee
+will face a stiff uphill battle.
+    Yergin said that the poll which was conducted in January by
+a former Congressman, Orval Hansen, showed support for the oil
+import fee from 22 pct of the Congressmen surveyed largely as a
+means of protecting the domestic petroleum industry.
+     At the same time 48 pct of the Congressmen surveyed
+opposed the fee with the respondents saying the tariff would
+hurt consumers and some regional interests.
+    But 80 pct of the sample said support for a fee could grow
+if production continued to fall and imports to rise.
+    Yergin said that imports above 50 pct of U.S. requirements
+"is a critical, symbolic level. If they (imports) move above
+that level, a fee may not be legislated but there will
+certainly be pressure for some form of action."
+     But Lichtblau, in a telephone interview, said, "a 50 pct
+rate of import dependency is not likely to happen before 1990.
+    In 1986 U.S. oil imports rose to 33 pct of u.s. energy
+requirements and shopuld be about 34 pct in 1987, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11790" NEWID="6877">
+<DATE>18-MAR-1987 17:14:32.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9581&#31;reute
+u f BC-TEXSTYRENE-&lt;FOAM>-SUS   03-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXSTYRENE &lt;FOAM> SUSPENDS PREFERRED PAYMENTS</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 18 - </DATELINE><BODY>Texstyrene Corp said it has
+suspended quarterly cash dividend payments on its 9.5 pct
+convertible exchangeable preferred stock.
+    The suspension effects the March 15 payment, and it said it
+does not expect to pay preferred dividends in the forseeable
+future.
+    It said the payments were suspended because of certain
+covenants contained in its loan agreements. A spokesman said
+the company's loss of 2,115,000 dlrs for the first 11 months as
+a public company did not meet an income condition on the loans,
+leading to the suspension.
+    The maker of foam cups, food containers and other products
+said it had 733,332 outstanding preferred shares, which had
+been privately placed.
+    The dividend payments on the shares amounted to 1,045,000
+dlrs per year, the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11791" NEWID="6878">
+<DATE>18-MAR-1987 17:15:07.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9585&#31;reute
+d f BC-AMERICAN-INTERNATIONA   03-18 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN INTERNATIONAL &lt;AIPN> IN SUIT</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>American International Petroleum Corp
+said a law suit alleging breach of contract and
+misrepresentation has been filed against its Majestic Crude
+Corp subsidiary by AMONI Ltd.
+    The suit seeks 600,000 dlrs in damages.
+    American International said it will defend against the
+charges.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11792" NEWID="6879">
+<DATE>18-MAR-1987 17:15:27.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9588&#31;reute
+r f BC-PRISM-ENTERTAINMENT-&lt;   03-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRISM ENTERTAINMENT &lt;PRZ> TO SELL VIDEO IN JAPAN</TITLE>
+<DATELINE>    LOS ANGELES, March 18 - </DATELINE><BODY>Prism Entertainment Corp said it
+has entered an acquisition and distribution agreement with
+Tokyo-based Gaga Communications to make and distribute home
+video titles in Japan under the Prism label.
+    Both companies will provide funding for joint acquisitions
+of up to ten mln dlrs.
+    Gaga is a subsidiary of Nihon Tape Corp, Japan's largest
+wholesaler of pre-recorded cassettes.
+    Gaga will manufacture and distribute the videos for the
+Japanese market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11793" NEWID="6880">
+<DATE>18-MAR-1987 17:15:50.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9591&#31;reute
+h f BC-SPECTRAN-CORP-&lt;SPTR>   03-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPECTRAN CORP &lt;SPTR> 4TH QTR</TITLE>
+<DATELINE>    STURBRIDGE, Mass, March 18 -
+    </DATELINE><BODY>Shr loss 2.22 dlrs vs profit 16 cts
+    Net loss 10.2 mln vs profit 760,443
+    Revs 1.1 mln vs 3.7 mln
+    Year
+    Shr loss 3.68 dlrs vs profit 64 cts
+    Net loss 16.9 mln vs profit 2.7 mln
+    Revs 3.6 mln vs 15.2 mln
+    NOTE:1986 4th qtr includes 6.7 mln dlr restructuring charge
+and writedowns of 280,000 dlrs. year includes writedown of 3.6
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11794" NEWID="6881">
+<DATE>18-MAR-1987 17:15:53.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9592&#31;reute
+s f BC-&lt;VANGUARD-INDEX-TRUST   03-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;VANGUARD INDEX TRUST> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    VALLEY FORGE, Pa., March 18 - 
+    </DATELINE><BODY>Qtly div 18 cts vs 18 cts prior
+    Pay April 30
+    Record March 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11795" NEWID="6882">
+<DATE>18-MAR-1987 17:16:42.84</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9594&#31;reute
+b f BC-/SHULTZ-SAYS-U.S.-PRO   03-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ SAYS U.S. PRODUCTS MUST BE COMPETITIVE</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Asked what the U.S. State
+Department's policy is on offering subsidized wheat to Moscow,
+Secretary of State George Shultz told a group of farm leaders
+that U.S. products must be competitive in the world market.
+    "If we are going to sell our products, whatever they may
+be, wheat or anything else, then we have to meet the market,"
+Shultz told the board of directors for the National Association
+of Wheat Growers.
+    "We have to be competitive. It's ridiculous to say that
+somebody is going to buy your product if they can get the same
+thing at a lower price somewhere else. They just aren't," he
+said.
+    "That is our approach in the negotiations with the Soviets,
+and it must be our approach as we look at the American farm
+program and try to figure out what we should do to make it
+better," Shultz told the Wheat Growers.
+    Schultz said that while he does not favor a situation that
+would allow the Soviet housewife to buy food cheaper than the
+American housewife, he realizes the importance of American
+agricultural products being competitively priced.
+    Speculation has been in the market for some time that the
+United States is considering offering wheat to the Soviet Union
+at subsidized prices.
+    Soviet officials have said they would buy U.S. wheat if it
+were competitively priced. Agriculture Department officials
+have declined to take any official position on the issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11796" NEWID="6883">
+<DATE>18-MAR-1987 17:18:36.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM A
+&#22;&#22;&#1;f9597&#31;reute
+u f BC-JOHN-LABATT-TO-ISSUE   03-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHN LABATT TO ISSUE 125 MLN DLRS OF DEBENTURES</TITLE>
+<DATELINE>    TORONTO, March 18 - </DATELINE><BODY>&lt;John Labatt Ltd> said it agreed to
+issue in Canada 125 mln dlrs of 1987 adjustable rate
+convertible subordinated debentures maturing April 1, 2007.
+    Labatt, 38 pct-owned by Brascan Ltd &lt;BRS.A>, said Brascan's
+49 pct-owned &lt;Great Lakes Group Inc> agreed to acquire 75 mln
+dlrs of the debentures from the underwriters. It said the
+underwriters could repurchase up to 12.5 mln dlrs of the issue
+from Great Lakes Group.
+    The debentures will not be redeemable before April 1, 1992,
+and are convertible any time to Labatt common shares at 27 dlrs
+each, said Labatt, Canada's biggest brewery.
+    Labatt said it would use proceeds to repay short-term loans
+and for general corporate purposes.
+    Underwriters are Wood Gundy Inc, Gordon Capital Corp,
+Merrill Lynch Canada Inc, Burns Fry Ltd and Midland Doherty
+Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11797" NEWID="6884">
+<DATE>18-MAR-1987 17:21:38.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f9602&#31;reute
+r f BC-canadian-pacific-seek   03-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN PACIFIC SEEKS BUYER FOR MAPLE LEAF UNIT</TITLE>
+<DATELINE>    MONTREAL, March 18 - </DATELINE><BODY>Canadian Pacific Ltd said it retained
+Wood Gundy Inc to seek a buyer for Maple Leaf Mills Ltd of
+Toronto.
+    The company said Maple Leaf had 1986 sales of 819 mln
+Canadian dlrs and an after tax profit of 16.3 mln Canadian
+dlrs. It is a diversified agriproducts company which produces
+and sells industrial and consumer flour, flour-based products
+and baked goods.
+    It also operates a fully integrated poultry business and a
+rendering business, markets livestock and poultry feed and
+distributes grain through a network of country and terminal
+elevators.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11798" NEWID="6885">
+<DATE>18-MAR-1987 17:23:11.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9610&#31;reute
+d f BC-STERLING-FILES-SUIT-A   03-18 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING FILES SUIT AGAINST SPECTRAN &lt;SPTR></TITLE>
+<DATELINE>    STURBRIDGE, Mass., March 18 - </DATELINE><BODY>SpecTran Corp said &lt;Sterling
+Extruder Corp> filed a complaint against it and Sonetran, its
+partly-owned business venture, claiming a breach of contract
+for the purchase of about 545,000 dlrs worth of equipment.
+    SpecTran said it and Sonetran deny any liability and intend
+to contest the suit "most vigorously."
+    SpecTran said the suit was filed in Superior Court in New
+Haven, Conn.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11799" NEWID="6886">
+<DATE>18-MAR-1987 17:23:41.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9612&#31;reute
+u f BC-GREYHOUND-CORP-&lt;G>-CO   03-18 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREYHOUND CORP &lt;G> COMPLETES BUS LINE SALE</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 18 - </DATELINE><BODY>Greyhound corp said it completed
+the sale of its Greyhound Lines unit to Dallas-based GLI
+Holdings Inc for 350 mln dlrs in cash, securities, royalties
+and other considerations.
+    Greyhound said GLI is authorized to continue using the
+familiar running dog logo on a red, white and blue shield,
+while Greyhound Corp will continue to use the running dog alone
+as its symbol.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11800" NEWID="6887">
+<DATE>18-MAR-1987 17:23:48.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9613&#31;reute
+r f BC-INTERCARE-&lt;CARE>-DROP   03-18 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERCARE &lt;CARE> DROPS OFFERING, BUYOUT PLANS</TITLE>
+<DATELINE>    CULVER CITY, Calif., March 18 - </DATELINE><BODY>InterCare Inc said it 
+terminated plans to acquire Universal Care, a California health
+mainenance organization, following First Jersey Securities'
+decision to withdraw as underwriter for InterCare's proposed
+public debt and equity securities offering.
+    The acquisition was contingent on its ability to obtain
+financing to fund the 1.9 mln dlr cash portion of the purchase
+price, InterCare said.
+    It also said the offering was aimed at raising 7.5 mln dlrs
+for working capital and 1.7 mln to repay debt incurred in
+connection with its recent acquisition of U.S. Medical
+Enterprises Inc.
+    The company further stated that it has a 1.7 mln dlr
+working capital deficit and it will therefore reduce operating
+expenses by decreasing operating hours, workforce reductions
+and the sale of certain assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11801" NEWID="6888">
+<DATE>18-MAR-1987 17:25:02.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9619&#31;reute
+r f BC-PROVIDENCE-ENERGY-&lt;PV   03-18 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROVIDENCE ENERGY &lt;PVY> FINALIZES ACQUISITION</TITLE>
+<DATELINE>    PROVIDENCE, R.I., March 18 - </DATELINE><BODY>Providence Energy Corp said it
+completed the purchase of North Attleboro Gas co.
+    Terms were not disclosed.
+    North Attleboro serves 2,273 residential customers, 288
+commercial customers, and 40 industrial customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11802" NEWID="6889">
+<DATE>18-MAR-1987 17:25:16.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9620&#31;reute
+d f BC-LEGG-MASON-&lt;LM>-SETS   03-18 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEGG MASON &lt;LM> SETS UP CORPORATE FINANCE UNIT</TITLE>
+<DATELINE>    PHILADEPHIA, March 18 - </DATELINE><BODY>Legg Mason Wood Walker Inc, a unit
+of Legg Mason Inc, said it formed a Philadelphia-based
+corporate finance unit headed by Graham Humes, formerly head of
+corporate finance for Mellon Bank Corp &lt;MEL>.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11803" NEWID="6890">
+<DATE>18-MAR-1987 17:27:19.97</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sorghum</D><D>sunseed</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9626&#31;reute
+u f BC-ARGENTINE-MAIZE,-SOYB   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE MAIZE, SOYBEAN FORECASTS FALL</TITLE>
+<AUTHOR>    By Manuel Villanueva</AUTHOR>
+<DATELINE>    BUENOS AIRES, March 18 - </DATELINE><BODY>Argentine grain growers reduced
+their estimates for maize and soybean production in the current
+harvest in the week to yesterday, trade sources said.
+    Soybean production for 1986/87 is now estimated to reach
+between 7.7 and eight mln tonnes, versus 7.8 to 8.2 mln tonnes
+estimated a week ago and eight to 8.4 mln tonnes estimated in
+mid-February.
+    But even the lowest of those estimates would be 8.5 to 12.7
+pct greater than last year's total of 7.1 mln tonnes, according
+to official figures, and would be a new record.
+    The total area planted with soybeans for this harvest was a
+record 3.7 to 3.8 mln hectares and increased 10.8 to 13.8 pct
+compared to the 3.3 mln hectares planted last year.
+    The change in yield estimates is due to very high
+temperatures and inadequate rainfall since early in the year in
+the soybean-producing belt of southern Cordoba and Santa Fe and
+northern Buenos Aires province.
+    The heat and lack of rain combined to leave many soybean
+pods empty, especially in Cordoba.
+    Intense rains in recent weeks did not affect crops, since
+rainfall was slight in most main soybean-producing areas.
+    Rains in the week to yesterday were isolated and weak in
+Buenos Aires province, totalling between one and 10 mm. There
+was no recorded rain in other grain-producing provinces.
+    With clear skies and seasonable temperatures, fields were
+able to dry in areas that had received heavy rains in recent
+weeks, allowing growers to accelerate the pace of maize,
+sunflower and sorghum harvesting.
+    Crops were considered in generally good condition, though
+it is still too early to judge whether the intense rains of
+recent weeks caused any long-term damage.
+    The maize harvest advanced to between 20 and 22 pct of the
+total area planted, compared to 13 to 15 pct a week ago.
+    Total area planted with maize for this harvest stood at
+3.58 to 3.78 mln hectares, down two to seven pct from the 3.85
+mln hectares planted in the previous harvest.
+    Total production for the current maize harvest is expected
+to reach between 9.9 and 10.1 mln tonnes, versus 10 to 10.2 mln
+tonnes estimated a week ago. The new figure is 21.1 to 22.7 pct
+lower than the 12.8 mln tonnes produced in the last harvest,
+according to official figures.
+    The sunflower harvest advanced to between 20 and 23 pct of
+total planted area, versus 15 to 18 pct a week ago.
+    Total area planted with sunflower for this harvest was two
+to 2.2 mln hectares, or 29.9 to 36.3 pct lower than the record
+3.14 mln hectares planted in the 1985/86 harvest.
+    The current harvest's volume was again expected to be
+between 2.3 and 2.6 mln tonnes, or 34.1 to 41.5 pct lower than
+last harvest's record 4.1 mln tonnes.
+    Yields varied widely from area to area, and growers feared
+that heavy rains in recent weeks may have taken their toll on
+crops and, consequently, on total production volume.
+    The sorghum harvest reached between nine and 11 pct of
+total planted area, compared to four to six pct a week ago.
+    Total area planted with sorghum stood at between 1.2 and
+1.3 mln hectares, or 10.3 to 15.2 pct lower than the 1.4 mln
+hectares planted in the previous harvest.
+    Estimates for total sorghum production this harvest
+remained at 3.2 to 3.5 mln tonnes again this week, or 16.7 to
+22 pct lower than last harvest's total volume of 4.1 to 4.2 mln
+tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11804" NEWID="6891">
+<DATE>18-MAR-1987 17:27:33.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f9627&#31;reute
+u f BC-FED-APPROVES-CHASE-MA   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED APPROVES CHASE MANHATTAN COMMERCIAL DEALING</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Federal Reserve Board has
+approved the application of Chase Manhattan Corp to engage in
+underwriting and dealing in commercial paper of Chase
+Commercial Corp, the lending subsidiary of the parent bank
+holding company.
+    The Fed order said Chase Manhattan's application was
+consistent with sound banking practices and existing laws. But
+it added a bill adopted by the Senate Banking Committee last
+week could affect Chase Manhattan if it becomes law and might
+force it eventually to cease commercial paper underwriting
+activities.
+     The Fed said the application was similar to that of
+Bankers Trust to engage in commercial paper placement that was
+approved last December.
+    Chase Manhattan Corp, with consolidated assets of 90
+billion dlrs, is the second largest banking organization in New
+York and operates in the United States and abroad.
+    The Fed noted the Securities Industry Association, a trade
+association of the investment banking industry, had opposed
+Chase Manhattan's application for more powers.
+    Chase Manhattan now will be able to underwrite commercial
+paper, buying it for resale to institutions like banks.
+     In addition, Chase Manhattan will be able to place
+commercial paper as agents for issuers and advise them on rates
+and maturities of proposed issues just as Bankers Trust was
+given authority to do.
+    The minimum denomination of commercial paper offered and
+purchased would be 250,000 dlrs.
+    The Fed said it felt there would be no violation of banking
+laws provided that Chase Manhattan restricted its commercial
+paper activities to five pct of its income and five pct of
+total market share.
+    The Fed said dealing in commercial paper was related to
+Chase Manhattan's regular banking activities because "this kind
+of instrument has many of the characteristics of a traditional
+commercial loan."
+    "Because of its short term nature, commercial paper is
+customarily held to maturity -- like a commercial loan," the Fed
+order said.
+    Among the benefits for the public will be increased
+competition in the commercial paper market and more convenient
+service for borrowers and investors, the Fed said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11805" NEWID="6892">
+<DATE>18-MAR-1987 17:28:08.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9628&#31;reute
+h f BC-PACIFIC-NUCLEAR-&lt;PACN   03-18 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC NUCLEAR &lt;PACN> LEASES OUT SHIPPING CASK</TITLE>
+<DATELINE>    FEDERAL WAY, Wash., March 18 - </DATELINE><BODY>Pacific Nuclear Systems Inc
+said it has received a contract to lease a nuclear packaging
+shipping cask to General Public Utilities &lt;GPU>.
+    The cask will be leased for one year, beginning in the
+fourth quarter of 1987, with an option for General Public  to
+extend the lease for an additional year.
+    The exepcted cask lease revenue is in excess of one mln
+dlrs, Pacific Nuclear said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11806" NEWID="6893">
+<DATE>18-MAR-1987 17:29:12.08</DATE>
+<TOPICS><D>crude</D><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f9633&#31;reute
+u f BC-RECENT-U.S.-OIL-DEMAN   03-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECENT U.S. OIL DEMAND UP 2.3 PCT FROM YEAR AGO</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>U.S. oil demand as measured by
+products supplied rose 2.3 pct in the four weeks ended March 13
+to 16.49 mln barrels per day (bpd) from 16.11 mln in the same
+period a year ago, the Energy Information Administration (EIA)
+said.
+    In its weekly petroleum status report, the Energy
+Department agency said distillate demand was up 2.9 pct in the
+period to 3.43 mln bpd from 3.33 mln a year earlier.
+    Gasoline demand averaged 6.93 mln bpd, up 4.0 pct from 6.67
+mln last year, while residual fuel demand was 1.31 mln bpd, off
+7.9 pct from 1.42 mln, the EIA said.
+    Domestic crude oil production was estimated at 8.36 mln
+bpd, down 8.1 pct from 9.10 mln a year ago, and gross daily
+crude imports (excluding those for the SPR) averaged 3.70 mln
+bpd, up 24.8 pct from 2.96 mln, the EIA said.
+    Refinery crude runs in the four weeks were 11.92 mln bpd,
+up 1.0 pct from 11.80 mln a year earlier, it said.
+    Year-to-date figures will not become available until March
+26 when EIA's Petroleum Supply Monthly data for January 1987
+becomes available, the agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11807" NEWID="6894">
+<DATE>18-MAR-1987 17:30:25.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9638&#31;reute
+h f BC-MESA-ROYALTY-TRUST-&lt;M   03-18 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MESA ROYALTY TRUST &lt;MRT> MONTHLY PAYOUT</TITLE>
+<DATELINE>    HOUSTON, March 18 - </DATELINE><BODY>Mesa Royalty Trust &lt;MRT> said unit
+holders of record March 31 will receive a distribution
+amounting to 55,192 dlrs or 2.96 cts per unit, payable April
+30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11808" NEWID="6895">
+<DATE>18-MAR-1987 17:31:48.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f9641&#31;reute
+r f BC-CAMBRIDGE-SELLS-100-M   03-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMBRIDGE SELLS 100 MLN DLRS OF DEBENTURES</TITLE>
+<DATELINE>    TORONTO, March 18 - </DATELINE><BODY>&lt;Cambridge Shopping Centres Ltd> said
+wholly owned Cambridge Leaseholds Ltd privately sold 100 mln
+dlrs of secured debentures.
+    It said the debentures were issued in three parts
+consisting of a 20 mln dlr issue at 10.4 pct maturing March 31,
+1997, 22 mln dlrs at 10.6 pct maturing March 31, 2002 and 58
+mln dlrs at 10.7 pct maturing March 31, 2007.
+    Cambridge said it would use proceeds to significantly
+reduce short-term debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11809" NEWID="6896">
+<DATE>18-MAR-1987 17:36:14.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>james-baker</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f9651&#31;reute
+r f BC-BAKER-AND-VOLCKER-SAY   03-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER AND VOLCKER SAY DEBT STRATEGY WILL WORK</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Treasury Secretary James Baker and
+Federal Reserve Board chairman Paul Volcker have told House
+leaders they were optimistic their debt strategy would work,
+but acknowledged the crisis could take a sharp turn for the
+worse, Congressional sources and U.S. officials said.
+    Baker and Volcker gave these views at closed-door talks 
+yesterday with Speaker Jim Wright and other House leaders.
+    But the two architects of the Third World debt strategy
+gave no indications they would abandon their plan to promote
+economic growth and reform.
+    "They expressed optimism about the current state of affairs,"
+one participant at the meeting said.
+    However Baker and Volcker, accompanied by Deputy Secretary
+of State John Whitehead, acknowledged there were risks. "And if
+things turned sour, they could turn very sour," a source quoted
+them as saying.
+    They were responding to questions from Wright, a Texas
+Democrat, who called the meeting two weeks ago because of his
+concern the debt crisis was deepening, an aide said.
+    The Speaker asked all three men about the risks to Latin
+American democracy and the danger that demagogues of either
+left or right could wrest control and halt debt repayments.
+    Even though the Fed chief joined Baker in expressing more
+confidence in an optimistic outcome, Volcker was especially
+concerned about the political risks, and in particular the 
+fatigue with belt-tightening. The central banker said resolving
+the debt crisis would be a "struggle".
+    Since taking over the Speakership at the start of the year,
+Wright has shown himself an able political adversary of the
+administration on budget strategy.
+    His involvement in this issue also seems to signal that
+Congressional interest in the debt problem has to be taken more
+seriously now than in the past.
+    More worrisome for administration strategists is the
+possibility that Congressional debt proposals essentially
+granting debt relief will be attached to a trade bill.
+    "When (Baker and Volcker) left the Speaker's office, they
+knew it wasn't just talk," one source at the meeting said.
+    The two economic policymakers listened patiently to
+descriptions of plans for a Third World debt facility, backed
+by gold reserves of the International Monetary Fund.
+    The agency could buy up or guarantee developing country
+debt at a discount and resell it to debtor nations undertaking
+economic reforms.
+    The U.S. Treasury would be required to ask other countries
+for their views under a bill approved by a House Banking
+subcommittee and sponsored by John LaFalce, a New York House
+Democrat. A similar proposal is being fashioned by Bruce
+Morrison, a House Democrat from Connecticut.
+    The sources said House Banking and Foreign Affairs leaders
+also attended the discussions.
+    U.S. officials said both schemes are regarded by the
+administration as providing debt relief. Baker said yesterday
+the concept of debt relief was misguided. "If we write it all
+off and declare defeat, these countries will decay and wither
+on the vine," the Treasury Secretary said of an end to capital
+inflows that would follow debt relief.
+    Baker has said his own plan was broad and would embrace new
+innovative ideas bringing together debtors and creditors.
+    Baker and Volcker launched their in late 1985, calling on
+commercial and multilateral banks to increase loans to major
+debtors pursuing inflation-free expansion and open markets.
+    "They sat down together to discuss the implications for
+Latin America and feel each other out on the best way out," a
+Wright aide said of the meeting. Other sources said they expect
+the dialogue to continue.
+    The talks come after Brazil's interest rate moratorium and
+an uncompromising stand by the country's finance minister,
+Dilson Funaro, after talks with western leaders.
+    Some U.S. officials feel Funaro's consolidation of power
+over the Brazilian economy with the ouster of Planning minister
+Joao Sayad is further reason to worry.
+    Another proposal, to allow regulators to grant commercial
+banks more flexibility in accounting for Third World loans, has
+been presented by Senator Bill Bradley, a New Jersey Democrat,
+but did not come up yesterday.
+    Wright, who has not hitherto concerned himself with debt,
+"is concerned about the potential for damage. The Latin American
+issue, at least on the surface appears to be a new danger," said
+an aide, who asked not to be named.
+    There are signs the Brazilian situation and a reluctance by
+commercial banks to join in new cash loans even for debtors
+following substantial reforms has concerned U.S. officials.
+    At the State Department, Secretary of State George Shultz
+is being advised the "Baker plan is going through a rough patch"
+while Treasury officials are urging commercial banks to adopt
+more flexible approaches to guarantee their continued
+participation in the plan.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11810" NEWID="6897">
+<DATE>18-MAR-1987 17:38:06.69</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9654&#31;reute
+u f BC-TAIWAN-BUYS-450,000-T   03-18 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN BUYS 450,000 TONNES OF U.S. CORN</TITLE>
+<DATELINE>    KANSAS CITY, March 18 - </DATELINE><BODY>Taiwan overnight bought 450,000
+tonnes of U.S. number two corn, 14.5 pct moisture, for Gulf and
+West Coast shipment in 11 cargoes between May and October,
+private export sources said.
+    Gulf shipment ranged in prices from 75.17 to 78.45 dlrs per
+tonne stowed and trimmed, FOB euqivalent, and West Coast
+shipments ranged from 79.41 to 81.02 dlrs per tonne, stowed and
+trimmed, FOB equivalent, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11811" NEWID="6898">
+<DATE>18-MAR-1987 17:39:14.34</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9655&#31;reute
+u f BC-EGYPT-TENDERING-TODAY   03-18 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESULTS AWAITED ON EGYPT PL 480 WHEAT TENDER</TITLE>
+<DATELINE>    KANSAS CITY, March 18 - </DATELINE><BODY>Results were awaited on Egypt's
+tender today for 200,000 tonnes of U.S. soft or white wheat for
+April shipment under PL 480, private export sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11812" NEWID="6899">
+<DATE>18-MAR-1987 17:42:02.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9663&#31;reute
+u f AM-ecuador   03-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOREAN UNIONS TO CALL GENERAL STRIKE</TITLE>
+<DATELINE>    Quito, march 18 - </DATELINE><BODY>ecuador's union federations called a
+general strike for next wednesday to press the governent to
+suspend austerity measures adopted recently to grapple with
+losses from a recent earthquake.
+    The 500,000-strong unitary workers' front (fut) and the
+100,000-member general union of workers (ugt) have protested
+the measures, which include a rise in petrol prices of up to 80
+per cent and budget cuts of as much as 10 per cent.
+    President leon febres cordero imposed the measures after a
+march 5 earthquake cost an estimated one billion dollars in
+losses. About 1,000 people are dead or missing.
+    The leftist-led fut said it was also backing a call by the
+maoist popular movement for democracy (mpd) party, to have
+congress impeach and oust febres cordero, a conservative, for
+having adopted the austerity measures.
+    Congress needs to muster two-thirds of the votes in the
+71-seat congress to censure and oust the president, whose
+four-year presidential term ends in august 1988.
+    The congress last january 22 voted 38-29 to approve a
+non-binding resolution asking the president to resign for
+having allegedly violated laws and provoking his 12-hour
+abduction by air force paratroopers on january 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11813" NEWID="6900">
+<DATE>18-MAR-1987 17:42:38.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9667&#31;reute
+d f BC-ONCOGENE-&lt;ONCS>-PRESI   03-18 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONCOGENE &lt;ONCS> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    MINEOLA, N.Y., March 18 - </DATELINE><BODY>Oncogene Science INc said Robert
+Ivy is resigning as president, chief executive officer and
+director, effective April 12
+    No immediate successor was named.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11814" NEWID="6901">
+<DATE>18-MAR-1987 17:43:16.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f9671&#31;reute
+u f BC-TELEGLOBE-CANADA-IN-M   03-18 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEGLOBE CANADA IN FIBRE OPTICS PROJECT</TITLE>
+<DATELINE>    MONTREAL, March 18 - </DATELINE><BODY>Teleglobe Canada, owned by &lt;Memotec
+Data Inc> said it agreed to participate in a fibre optics
+project in the Atlantic and Mediterranean.
+    Teleglobe said its estimated cost in the project is 78.2
+mln Canadian dlrs, of which 23.7 mln dlrs is recoverable from
+the eventual sale of cable circuits.
+    The company said its participation will allow it to meet
+forecast market needs in the next century and secure important
+Canadian participation in the project.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11815" NEWID="6902">
+<DATE>18-MAR-1987 17:45:26.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9676&#31;reute
+d f BC-PENTAIR-&lt;PNTA>-OFFERI   03-18 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTAIR &lt;PNTA> OFFERING UNDER WAY</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Pentair Inc said it began a public
+offering of two mln shares of 1.50 dlr cumulative preferred
+stock priced at 25 dlrs per share.
+    Proceeds will be used to repay bank debt incurred to
+finance the acquisition of McNeil Corp in August 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11816" NEWID="6903">
+<DATE>18-MAR-1987 17:45:38.13</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9677&#31;reute
+u f BC-/AMSTUTZ-SEES-MORE-BU   03-18 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMSTUTZ SEES MORE BULLISH WHEAT OUTLOOK IN 1987</TITLE>
+<DATELINE>    WASHINGTON, MARCH 18 - </DATELINE><BODY>U.S. Agriculture Undersecretary
+Daniel Amstutz indicated the world wheat supply/demand
+situation has become more bullish recently because of
+developments in the world market and increased consumption.
+    Speaking to a House Agriculture Appropriations
+subcommittee, Amstutz cited three factors which have improved
+the wheat outlook.
+    He said world consumption of wheat is increasing by about
+20 mln tonnes this year, primarily for feed use. There are also
+reports from Australia, Canada and Argentina that plantings
+have been reduced, he said. Furthermore, he cited reports of
+greater than normal winterkill in the Soviet Union.
+    "It seems reasonable to expect production and consumption
+to be in far better balance than a year ago," Amstutz said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11817" NEWID="6904">
+<DATE>18-MAR-1987 17:45:40.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9678&#31;reute
+b f BC-******HOME-SHOPPING-S   03-18 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HOME SHOPPING SAYS IT IS NOT TARGET OF SEC PROBE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11818" NEWID="6905">
+<DATE>18-MAR-1987 17:47:13.46</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f9680&#31;reute
+u f BC-ARGENTINE-OIL,-GAS-PR   03-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE OIL, GAS PRODUCTION FALL IN FEBRUARY</TITLE>
+<DATELINE>    BUENOS AIRES, March 18 - </DATELINE><BODY>Argentina's total oil and gas
+production fell 9.4 pct in February to 2.78 mln cubic metres
+from January's total of 3.11 mln cubic metres, the state oil
+company Yacimientos Petroliferos Fiscales (YPF) reported.
+    A YPF statement blamed the drop on momentary problems owing
+to the summer season but gave no further details.
+    February's production figure fell slightly short of YPF's
+target figure of 2.90 mln cubic metres.
+    Oil production totalled 1.76 mln cubic metres last month
+and natural gas production 1.02 mln cubic metres, down from
+1.95 and 1.15 mln cubic metres in January, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11819" NEWID="6906">
+<DATE>18-MAR-1987 17:49:26.15</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9684&#31;reute
+u f BC-/U.S.-SOYBEANS-HAVE-C   03-18 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SOYBEANS HAVE COMPETITIVE PROBLEM - AMSTUTZ</TITLE>
+<DATELINE>    WASHINGTON, MARCH 18 - </DATELINE><BODY>Soybeans produced in the United
+States face a competitive price problem because of the loan
+rate provisions of the 1985 farm bill, U.S. Undersecretary of
+Agriculture Daniel Amstutz said.
+    Amstutz told a House Agriculture Appropriations
+subcommittee hearing that soybeans are caught in a "squeeze"
+because the Farm Bill allowed steep cuts in grain loan rates
+while limiting the soybean reduction.
+    As a result, he said U.S.-produced soybeans "have a price
+problem" in competing with other soybean producing countries.
+    Amstutz called the situation a "dilemma" for the USDA, and
+said "we have spent hours in ASCS (Agriculture Stabilization
+and Conservation Service) looking at this."
+    He did not say what may be done to rectify the situation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11820" NEWID="6907">
+<DATE>18-MAR-1987 17:49:48.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9687&#31;reute
+r f BC-MITEK-SYSTEMS-EXPECTS   03-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITEK SYSTEMS EXPECTS LOSS IN CURRENT QUARTER</TITLE>
+<DATELINE>    SAN DIEGO, Calif., March 18 - </DATELINE><BODY>&lt;Mitek Systems Inc> said it
+expects to report a loss in the current quarter ending March
+31, due primarily to the government buying cycle.
+    The company did not quantify the size of the expected loss.
+It said it expects sales and profits for fiscal 1987, however,
+to exceed those of 1986. In 1986 Mitek reported sales of five
+mln dlrs and a net profit of 14,000 dlrs.
+    Mitek als said it has introduced a line of 15 page per
+minute desk top laser printers.
+    Limited shipments will begin next quarter, with full
+production planned for the following quarter, it said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11821" NEWID="6908">
+<DATE>18-MAR-1987 17:51:48.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9691&#31;reute
+u f BC-ECHLIN-&lt;ECH>-BUYS-STA   03-18 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECHLIN &lt;ECH> BUYS STAKE IN CHAMPION PARTS&lt;CREB></TITLE>
+<DATELINE>    OAK BROOK, Ill., March 18 - </DATELINE><BODY>Champion Parts Rebuilders Inc
+said Echlin Inc has bought a 20 pct stake in it by acquiring
+600,000 newly issued shares and warrants to buy another 300,000
+shares at 9.20 dlrs each, for a total investment of 5,400,000
+dlrs.
+    The newly issued shares raises Champion's outstanding
+shares to 3,113,074.
+    There are no voting restrictions on the new shares.
+Champion's board will be expanded to include two or three
+independent persons suggested by Echlin, it said.
+    Champion will use the proceeds to pay down long-term debt,
+it said.
+    Echlin has agreed to limits on buying additional Champion
+shares and its ability to seek control of Champion during the
+next seven years, Champion said.
+    Echlin will also receive protection against the decline in
+price of Champion's stock for seven years. Echlin could receive
+a one-time payment, at its option in cash or stock, ranging
+from up to one dlrs a share in 1989 to four dlrs a share in
+1992 to 1994, to the extent the market price of Champion shares
+is less than nine dlrs a share at those times.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11822" NEWID="6909">
+<DATE>18-MAR-1987 17:52:36.68</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9694&#31;reute
+u f BC-BRAZIL-REJECTS-ALL-OF   03-18 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL REJECTS ALL OFFERS AT WHEAT TENDER</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 18 - </DATELINE><BODY>Brazil rejected all offers at
+tonight's wheat tender, a Brazilian Wheat Board spokesman said.
+    He said no date had been set for the next tender.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11823" NEWID="6910">
+<DATE>18-MAR-1987 17:53:37.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9696&#31;reute
+r f BC-BOEING&lt;BA>-GETS-53-ML   03-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING&lt;BA> GETS 53 MLN DLRS IN DEFENSE CONTRACTS</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Boeing Military Airplane Co, a
+subsidiary of Boeing Co, is being awarded two Air Force
+contracts totalling 53 mln dlrs, the Defense Department said.
+    It said the company was being awarded a 49.8 mln dlr
+contract for 10 B707 aircraft, components, engineering and data
+for a reengining program, adding that the work is expected to
+be completed in January 1988.
+    The department also said it awarded the company a 3.2 mln
+dlr increase to a contract for work modifying two G-22B
+aircraft.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11824" NEWID="6911">
+<DATE>18-MAR-1987 18:02:40.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9709&#31;reute
+u f BC-******HOME-SHOPPING-S   03-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SHOPPING SAYS IT NOT INVESTIGATION TARGET</TITLE>
+<DATELINE>    CLEARWATER, Fla., March 18 - </DATELINE><BODY>Home Shopping Network Inc
+&lt;HSN> said, in response to published reports, that it is not
+the target of a formal Securities and Exchange commission
+investigation.
+    It said, instead, that the SEC initiated an informal
+inquiry of all parties involved in the Home Shopping/C.O.M.B.
+Co &lt;CMCO> merger negotiations to determine the source of rumors
+that caused the stocks to rise prior to a public announcement
+in January.
+    Home Shopping said it cooperated fully and had no
+indication that the informal inquiry is being pursued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11825" NEWID="6912">
+<DATE>18-MAR-1987 18:05:22.64</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f9713&#31;reute
+u f BC-IBC-PRESIDENT-TO-ATTE   03-18 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC PRESIDENT TO ATTEND MANAGUA COFFEE MEETING</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 18 - </DATELINE><BODY>Brazilian Coffee Institute (IBC)
+president Jorio Dauster said he will attend a meeting in
+Managua this weekend.
+    He told Reuters by telephone from Brasilia that the
+meeting, involving Brazil, Colombia and Central American coffee
+producers, will be strictly to review the coffee market
+situation.
+    "The meeting is set for Saturday but could also continue on
+Sunday," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11826" NEWID="6913">
+<DATE>18-MAR-1987 18:09:08.05</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f9720&#31;reute
+r f BC-CANTERRA-ENERGY-TO-DR   03-18 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANTERRA ENERGY TO DRILL WELL OFF NOVA SCOTIA</TITLE>
+<DATELINE>    Calgary, Alberta, March 18 - </DATELINE><BODY>&lt;Canterra Energy Ltd> said it
+will drill an exploratory well on the Scotian shelf, about 280
+kilometers east-southeast of Halifax, Nova Scotia.
+    Drilling will begin in late April 1987 in 61 meters of
+water and will be drilled to a total depth of 3,500 meters,
+Canterra said.
+    Canterra will operate the well and has a 39 pct interest in
+it. &lt;Petro-Canada Inc> has 26 pct, &lt;Trillium Exploration Corp>
+has 20 pct and &lt;Nova Scotia Resources (Ventures) Ltd> has 15
+pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11827" NEWID="6914">
+<DATE>18-MAR-1987 18:11:54.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f9726&#31;reute
+u f BC-FLEET-&lt;FLT>-AIMS-TO-S   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLEET &lt;FLT> AIMS TO SPEED MERGER WITH NORSTAR</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Fleet Financial Group hopes its
+proposed merger with Norstar Bancorp &lt;NOR>, ranked as the
+largest U.S. banking merger, can be completed by the beginning
+of 1988, according to an executive of Fleet.
+    Robert Lougee, director of corporate communications for
+Rhode Island-based Fleet, told Reuters the company is exploring
+the possiblity of seeking a change in the national trigger date
+for the state's reciprocal bank law to Jan 1, 1988 from July
+one. The decision is up to the Rhode Island legislature.
+    The merger plan was announced in a midday news release that
+said the deal, worth about 1.3 billion dlrs, would be
+consummated July one when Rhode Island barriers to interstate
+banking outside of New England come down. "If we can consummate
+the deal earlier that would be better for all concerned,"
+Lougee said. He said to the best of his knowledge a change in
+the Rhode Island law would not be a hardship for any other
+banking institution in the state.
+    He said Fleet is optimstic Connecticut law, which only
+permits interstate banking mergers within New England, can be
+amended. Fleet owns First Connecticut Bancorp.
+    If the Connecticut law is not amended in time, Lougee said,
+an option would be to spin off that unit with repurchase
+provisions.
+    The New England reciprocal banking laws have excluded New
+York as a means of protecting regional banks from being gobbled
+up by the money center giants.
+    Wall Street analysts said the merger accord between Fleet
+and Albany, N.Y.-based Norstar demonstrates the rapid pace of
+interstate banking mergers since state legislatures begain
+permitting regional mergers on a reciprocal basis. The U.S.
+Supreme Court decided in mid-1985 to permit the mergers.
+    Fleet and Norstar in a joint statement billed the proposed
+merger as "a partnership of two companies." Both will continue
+to operate existing headquarters after the merger.
+    Norstar holders will receive 1.2 Fleet shares for each one
+of theirs following Fleet's previously announced two-for-one
+split. Fleet shares closed today at 59-1/2, up 1/8, giving the
+deal an indicated value of 1.3 billion dlrs.
+    That topped the proposed merger of Los Angeles-based
+Security Pacific Corp &lt;SPC> and Seattle's Rainier Bancorpartion
+&lt;RBAN>. The West Coast deal, announced about four weeks ago, is
+worth an estimated 1.2 billion dlrs.
+    Chemical New York Corp's &lt;CHL> acquisition of Texas
+Commerce Bancshares last year was valued at about 1.2 billion
+dlrs, making it similar in size to the Security Pacific-Rainer
+deal. The California combination of Wells Fargo and Co &lt;WFC>
+and Crocker National Corp last year was worth 1.1 billion dlrs
+and there have been several bank mergers in the southeast
+valued in the 700-800 mln dlr range.
+    "It's a merger of equals," said analyst John Rooney of
+Moseley Securities Corp. He said Norstar had a book value at
+the end of 1986 of 19.63 dlrs per share, while Fleet's book
+value was 28.02 dlrs.
+    Rooney noted that Norstar chairman Peter Kiernan is in his
+60's while Fleet's Terrence Murray is in his late 40's. He said
+Kiernan would probably head the combined company until his
+retirement then Murray could assume the top post.
+    Analyst Thaddeus Paluszek of Merrill Lynch and Co said
+Fleet's earnings would have been diluted about two pct in 1986
+on the basis of the merger terms announced today.
+    He noted that Fleet has a "teriffic reputation" after
+having diversified in a number of financial areas. Fleet has
+established consumer banks in the southeast and is known as an
+innovator in securitization of mortgages.
+    The merged banks would have assets in excess of 25 billion
+dlrs and be one of the 25 largest banks in the U.S.  Norstar
+operates in most of New York state but not in New York City.
+    Lougee said at some point in the future banking operations
+that both Norstar and Fleet operate in the state of Maine would
+be combined.
+    The agreement between Norstar and Fleet includes a
+"lock-up" option designed to deter other acquirers. Each
+granted the other an option to purchase authorized but unissued
+shares amounting to 24.99 pct of the fully diluted shares
+outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11828" NEWID="6915">
+<DATE>18-MAR-1987 18:12:23.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9728&#31;reute
+r f BC-REAGAN-URGES-REVISION   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN URGES REVISION OF HIGH TECH EXPORT LIMITS</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>President Reagan has sent Congress
+proposals to streamline high-tech export control procedures,
+the White House said.
+    "These proposals are part of the president's energetic
+program to enhance America's competitiveness in the world
+economy," it said in a written statement.
+    It said the proposals included exempting from license
+requirements a number of low technology items and allowing
+foreign manufacturers to re-export U.S. parts and components up
+to a certain level without U.S. government re-export
+authorization.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11829" NEWID="6916">
+<DATE>18-MAR-1987 18:12:48.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9729&#31;reute
+r f BC-ROCKWELL-&lt;ROK>-UNIT,   03-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKWELL &lt;ROK> UNIT, JAPAN FIRM FORM VENTURE</TITLE>
+<DATELINE>    MILWAUKEE, March 18 - </DATELINE><BODY>Allen-Bradley Co, a unit of Rockwell
+International Corp, said it has formed a joint venture with TDK
+Corp of Tokyo to produce, market and sell ferrite magnets.
+    Allen-Bradley will be responsible for production and TDK
+will handle sales and marketing. Products will be marketed
+through TDK Corp of America, a Chicago-based TDK unit that
+markets TDK's electronic components.
+    The venture, to be known as Allen-Bradley/TDK Magnetics,
+will be based in Shawnee, Okla, in the existing Allen-Bradley
+magnetics production facility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11830" NEWID="6917">
+<DATE>18-MAR-1987 18:13:46.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f9730&#31;reute
+d f BC-&lt;TRIDEL-ENTERPRISES-I   03-18 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TRIDEL ENTERPRISES INC> SETS INITIAL DIVIDEND</TITLE>
+<DATELINE>    TORONTO, March 18 -
+    </DATELINE><BODY>Qtly div five cts
+    Pay April 1
+    Record March 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11831" NEWID="6918">
+<DATE>18-MAR-1987 18:13:56.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9731&#31;reute
+d f BC-SMITH-INTERNATIONAL-&lt;   03-18 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITH INTERNATIONAL &lt;SII> CONSOLIDATES DIVISIONS</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., March 18 - </DATELINE><BODY>Smith International Inc
+said it has consolidated its Smith Tool and Smith Drilling
+Systems divisions.
+    The new division will be called Smith International and
+will be headquartered in Houston.
+    Doug Rock, previously president of Smith Tool, is now
+president of Smith International.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11832" NEWID="6919">
+<DATE>18-MAR-1987 18:14:52.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9733&#31;reute
+b f BC-******HOUSE-VOTES-TO   03-18 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HOUSE VOTES TO RAISE NATIONAL SPEED LIMIT to 65 from 55 MILES/HOUR IN RURAL AREAS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11833" NEWID="6920">
+<DATE>18-MAR-1987 18:18:28.66</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f9737&#31;reute
+u f BC-BRAZILIAN-INFLATION-L   03-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN INFLATION LOWER IN FEBRUARY</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 18 - </DATELINE><BODY>Brazilian consumer prices rose
+13.9 pct in February, compared to January's record rate of 16.8
+pct, the Brazilian Geography and Statistics Institute said in a
+statement.
+    The February rise brought the increase in consumer prices
+since the introduction of the anti-inflation Cruzado Plan a
+year ago to 62.5 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11834" NEWID="6921">
+<DATE>18-MAR-1987 18:20:57.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9739&#31;reute
+u f BC-HOUSE-VOTES-TO-RAISE   03-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE VOTES TO RAISE NATIONAL SPEED LIMIT</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The House of Representatives voted
+217 to 206 to raise the national speed limit from 55 to 65
+miles per hour on rural sections of interstate highways.
+    The legislation would give state governments the authority
+to raise the speed limit on about three-fourths of the 43,000
+miles interstate system.
+    The Senate has already approved the speed limit increase as
+part of an 88 billion dlr federal highway and mass transit
+funding bill. The bill must go back to the Senate for final
+action. Congress set the 55 mile per hour limit in 1974 as an
+energy conservation and safety measure.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11835" NEWID="6922">
+<DATE>18-MAR-1987 18:21:11.66</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f9740&#31;reute
+u f BC-fin-futures-outlook   03-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLATILITY LIKELY TO REMAIN LOW IN DEBT FUTURES</TITLE>
+<AUTHOR>    By Brad Schade Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 18 - </DATELINE><BODY>Financial analysts see little chance
+that U.S. interest rate futures will break out of their narrow
+ranges and low volatility during the remainder of the week.
+    "We got a little volatility Wednesday," said Staley
+Commodities International analyst Jerome Lacey. "But for the
+moment we're still in a trading range."
+    Even unexpected developments concerning the growth of the
+U.S. economy may not be enough to spur the market out of its
+sluggish state, the analysts said.
+    "It (the bond market) has not yet demonstrated that it can
+break out of its very low volatility," said Carroll McEntee and
+McGinley analyst Denis Karnosky. "It needs something, but it's
+not going to be news about the economy," he said.
+    Karnosky said that the bond market will possibly break out
+of the doldrums if participants perceive that the dollar has
+stabilized and the Federal Reserve has more room to conduct
+monetary policy.
+    But even Wednesday, when fed funds were below six pct, the
+dollar strong and oil on the soft side, bond futures attracted
+eager sellers when contracts approached recent highs, he said.
+    In addition to a changing perception about the dollar and
+monetary policy, Golden Gate Futures president Norman Quinn
+said the beginning of April could bring foreign investors back
+into the marketplace.
+    "The market is beginning to feel there may be demand at the
+beginning of the fiscal year in Japan on April 1," Quinn said.
+    Quinn echoed the sentiment of many analysts that there are
+large amounts of cash waiting to be invested. If Japanese
+investment in U.S. securities does materialize at the start of
+Japan's fiscal year, domestic funds may also flow into the bond
+market, he said.
+    "We could get a stiff rally, possibly enough to bring
+yields on long bonds down to seven to 7-1/8 pct," compared to
+the current yield of about 7.5 pct, Quinn said.
+    In the meantime, even the prospect of new supply is not
+likely to move futures.
+    The Treasury's announcement of a 15 billion dlr refunding
+operation did little to move cash government securities prices
+late Wednesday after the close of futures.
+    "I'd be surprised if supply pushed us out of it (the
+trading range)," Lacey said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11836" NEWID="6923">
+<DATE>18-MAR-1987 18:22:07.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f9741&#31;reute
+u f BC-wolrd-bank-official-s   03-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK OFFICIAL SAYS BOLIVIA SHOULD SEEK GROWTH</TITLE>
+<DATELINE>     La paz, march 18 - </DATELINE><BODY>a senior world bank official said the
+lending agency planned to authorise almost 70 mln dlrs in new
+credits to bolster the productive structure of bolivia's state
+oil company ypfb this year.
+     David knox, world bank vice-president for latin america,
+said bolivia should invest in projects which would spur growth
+following six consecutive years of economic contraction.
+     Knox said the world bank supported the economic
+stabilisation programme adopted by president victor paz
+estenssoro.
+     Knox said he had suggested to bolivian authorities that
+they invest as much of their disposable resources as possible
+in works "of rapid reaction, and which support the decision to
+make the bolivian economy grow."
+     Knox is to hold talks with paz estenssoro, as well as
+private businessmen and other government ministers during his
+visit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11837" NEWID="6924">
+<DATE>18-MAR-1987 18:27:38.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9749&#31;reute
+h f BC-MICROSOFT-&lt;MSFT>-WINS   03-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROSOFT &lt;MSFT> WINS COPYRIGHT INJUNCTION</TITLE>
+<DATELINE>    SAN FRANCISCO, March 18 - </DATELINE><BODY>Microsoft Corp said a Federal
+District judge has honored its request for a preliminary
+injunction prohibiting four companies from copying, importing,
+disseminating or distributing the software package, "Flacon
+MS-DOS".
+    The companies involved include Taiwan-based Very
+Competitive Computer Products Corp, Evergood Computer
+International Corp and Favorlon Enterprises, and U.S.-based
+Wetex International Corp, which the Taiwan companies were
+believed to be importing the software through.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11838" NEWID="6925">
+<DATE>18-MAR-1987 18:30:48.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9756&#31;reute
+u f BC-INTELSAT,-MARTIN-MARI   03-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELSAT, MARTIN MARIETTA IN LAUNCH CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, D.C. March 18 - </DATELINE><BODY>International
+Telecommunications Satellite Organization, a cooperative of 113
+nations,  said it has authorized its director general to
+contract with martin Marietta Corp &lt;ML> for the launch of two
+INTELSAT VI spacecraft.
+    The authorization is subject to U.S. government support and
+indemnification.
+    Martin Marietta's Titan III commercial launch vehicle will
+be used for these launches and will complement the three Ariane
+4 launches already contracted by Intelsat, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11839" NEWID="6926">
+<DATE>18-MAR-1987 18:39:56.64</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f9759&#31;reute
+u f AM-TRADE   03-18 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PANEL VOTES TO EASE EXPORT CONTROLS</TITLE>
+<AUTHOR>    By Jacqueline Frank, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>A key House panel voted to greatly
+ease government controls on exports as several House committees
+moved rapidly toward approval of major changes in trade laws
+they hope will help solve U.S. trade woes.
+    The House Foreign Affairs Subcommittee on International
+Economic Policy voted to direct the administration to cut the
+list of controlled exports by 40 per cent by removing items no
+longer considered important to U.S. military security.
+    Industries had complained they were losing sales to foreign
+competitors who were allowed to export freely products U.S.
+companies could not sell abroad.
+    The issue has been the subject of administration debate.
+The Commerce Department had held that unnecessary restrictions
+impeded U.S. exports while the Defense Department said current
+controls should be retained but better administered.
+    Four congressional panels met today to consider portions of
+a wideranging trade bill that intends to help U.S. companies
+sell more products abroad and to fight unfair foreign trade
+practices.
+    Their separate proposals, some of them conflicting, will be
+woven by House Democratic leaders into a final trade bill for a
+vote by the full House in late April.
+    Sparked by the proposal of Fujitsu Ltd. to take controlling
+interest in Schlumberger Ltd's Fairchild Semiconductor Corp.,
+the House Energy and Commerce subcommittee on Commerce voted to
+expand Reagan's authority to block foreign takeovers of U.S.
+companies.
+    Reagan would be able to block any takeover found to be
+damaging to U.S. economic or national security interests.
+    "We are losing our semiconductors which are at the heart of
+our national security," subcommittee chairman James Florio, a
+New Jersey Democrat said.
+    The subcommittee also called for the administration to
+consider retaliation against Japan for its restrictive
+government procurement practices.
+    The retaliation could be triggered by a requirement that
+the administration investigate whether U.S. companies were
+treated unfairly and whether they have been barred from bids on
+lucrative public works projects such as the eight billion dlr
+Kansai airport construction. U.S. firms have complained they
+were not allowed to bid on its construction.
+    At the urging of the U.S. recording industry, the
+subcommittee agreed to bar imports of a new Japanese
+product--digital audio recorders.
+    Meeting in closed session, the House Ways and Means
+Committee agreed to allow President Reagan to retaliate against
+foreign countries that refuse to open their markets to U.S.
+telecommunications products.
+     Congressional aides said the committee also agreed U.S.
+companies would be allowed to press for relief from imports of
+counterfeit products made in violation of U.S. copyright and
+patent laws.
+                                         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11840" NEWID="6927">
+<DATE>18-MAR-1987 18:46:23.63</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f9766&#31;reute
+u f AM-chile-copper   03-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILEAN COPPER WORKERS ELECT LEFT-WING LEADERS</TITLE>
+<DATELINE>     SANTIAGO, March 18 - </DATELINE><BODY>Chilean left-wing leaders were
+elected by the copper workers union for the first time since
+the left-wing government of Salvador Allende was overthrown in
+a 1973 coup.
+     Nicanor Araya, a member of the Popular Democratic Movement
+(MDP), was named president of the Chilean Confederation of
+Copperworkers (CTC), which groups 22,000 workers employed in
+the state-owned copper mines, union officials said.
+    Other members of the MDP, which includes the communist
+party and a faction of the socialist party, took five of the
+principal positions on the union's directorate.
+    The state-owned copper company of Chile (CODELCO) produces
+around 90 pct of the country's copper output of some one mln
+tonnes per year. Chile is the world's leading copper exporter
+and sales account for just under 50 pct of its export income.
+    The MDP won six out of the 14 places on the union's
+directorate in elections earlier this month, with the christian
+democratic party holding five and the remainder being won by
+independents.
+    But the left-wing was left in control of the union after
+the christian democrats and independents failed to reach
+agreement on a joint candidate for the presidency and withdrew
+from negotiations.
+    Union elections were called following the resignation of
+former president Rodolfo Seguel last October.
+    Seguel, a christian democrat and Chile's best-known union
+leader, said he was forced to step down after repeated court
+actions brought by CODELCO prevented the union from operating.
+    The labour leader, who now heads the inter-union national
+workers command (CNT), was among 500 workers sacked by CODELCO
+following a strike in 1983.
+    The strike, the only copper industry stoppage staged in the
+past 13 years, marked the start of a wave of protests against
+the military rule of President Augusto Pinochet.
+     CODELCO argued that Seguel could not continue as union
+leader when no longer employed by the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11841" NEWID="6928">
+<DATE>18-MAR-1987 18:46:35.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9767&#31;reute
+u f BC-GENCORP   03-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> BIDDER PLANS SALE OF AEROSPACE UNIT</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>&lt;General Partners>, controlled by
+privately-held Wagner and Brown and by AFG Industries Inc, said
+plans to sell GenCorp Inc's aerospace and soft drink bottling
+divisions if it succeeds in acquiring the company.
+    In a filing with the Securities and Exchange Commission,
+General Partners said proceeds from the sale of GenCorp's
+aerospace division would help it repay some of the debt it
+would incur in the 100 dlr a share cash tender offer.
+    General Partners, which launched the surprise tender offer
+today, said it already 2,180,608 shares of GenCorp, or 9.4 pct
+of the total outstanding common stock.
+    General Partners, which estimated the total cost of the
+takeover at 2.5 billion dlrs, also said it plans to continue
+GenCorp's policy of trying to settle Federal Communications
+Commission charges against two of its television and 12 radio
+station licenses.
+    It said it would also continue GenCorp's policy of trying
+to sell its New York-area television station WOR to MCA Inc
+&lt;MCA> for 387 mln dlrs and its Los Angeles station KHJ to Walt
+Disney Co &lt;DIS> for 217 mln dlrs.
+    But General Partners said it plans to keep GenCorp's
+headquarter in Akron, Ohio.
+    General Partners also said it would maintain GenCorp's
+plastics and industrial products division as well as tires and
+related products.
+    But it left open that it might make other changes in
+GenCorp's operations after it completes the merger.
+    Besides using 250 mln dlrs of its own equity for the tender
+offer, General Partners said it would seek one billion dlrs
+under a secured margin facility from Wells Fargo Bank N.A.
+and other banks. It also said it would seek 1.25 billion dlrs
+from the sale to Shearson Lehman Brothers Holdings Inc or its
+affiliates of senior subordinated promissory notes.
+    In a March 18 letter to GenCorp Chairman William Reynolds,
+which was included in the SEC filing, General Partners
+officials said they were "confident of our ability to promptly
+obtain the remaining funding as described in our offer
+materials."
+    "For this reason, we do not forsee any obstacles to a
+prompt consummation of the transaction," General Partners said.
+    Shearson is dealer manager of the General Partners offer
+for GenCorp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11842" NEWID="6929">
+<DATE>18-MAR-1987 18:48:39.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9770&#31;reute
+r f BC-MONSANTO-&lt;MTC>-SAYS-D   03-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONSANTO &lt;MTC> SAYS DEBT WAS CUT IN 1986</TITLE>
+<DATELINE>    ST. LOUIS, March 18 - </DATELINE><BODY>Mondanto Co said it has paid off
+two-thirds of the debt from its 2.8 billion-dlr acquisition of
+G.D. Searle and Co by the end of 1986.
+    This lowered the company's debt-to-capitalization ratio
+from 45 pct at the end of 1985 to 35 pct, it said.
+    The company also said that chemical sales accounted for 52
+pct of its sales in 1986, down from 70 pct in 1981. This
+underscores its strategy of shifting away from low profit
+commodity chemicals in mature markets into higher value
+chemical businesses in high growth areas, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11843" NEWID="6930">
+<DATE>18-MAR-1987 18:50:27.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9774&#31;reute
+r f BC-LIFESTYLE-&lt;LIF>,-BOMB   03-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFESTYLE &lt;LIF>, BOMBAY AMEND MERGER AGREEMENT</TITLE>
+<DATELINE>    NEW YORK, March 18 - </DATELINE><BODY>Lifestyle Restaurants Inc said it
+reduced the number of Bombay Palace Restaurants inc common
+shares to be received in its previously announced merger
+agreement.
+    Under the amended deal, Lifestyle shareholders will get one
+Bombay share for each six instead of five Lifestyle shares.
+Under the amended offer, Bombay will issue about 900,000
+shares, currently 7.2 mln dlrs.
+    The amendment also increases the cash consideration to be
+offered on Lifestyle's 13 pct convertible subordinated
+debentures from 55 pct of the principal amount to 57.5 pct.
+        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11844" NEWID="6931">
+<DATE>18-MAR-1987 18:50:30.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9775&#31;reute
+s f BC-WEISFIELD'S-INC-&lt;WEIS   03-18 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEISFIELD'S INC &lt;WEIS> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    SEATTLE, March 18 -
+    </DATELINE><BODY>Qtly div 12-1/2 cts vs 12-1/2 cts
+    Pay April 23
+    Record April 2
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11845" NEWID="6932">
+<DATE>18-MAR-1987 18:50:55.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>spain</D><D>denmark</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9776&#31;reute
+d f BC-US-SPRINT-TO-SERVE-SP   03-18 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US SPRINT TO SERVE SPAIN, DENMARK AND SWEDEN</TITLE>
+<DATELINE>    KANSAS CITY, Mo., March 18 - </DATELINE><BODY>US Sprint Communications Co, a
+joint venture of GTE Corp &lt;GTE> and United Telecommunications
+Inc &lt;UT>, said it will initiate long distance service to Spain,
+Denmark and Sweden on April two.
+    US Sprint said the additions will bring to 34 the number of
+countries it serves.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11846" NEWID="6933">
+<DATE>18-MAR-1987 18:51:10.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9778&#31;reute
+h f BC-ALLIED-BANKSHARES-&lt;AL   03-18 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED BANKSHARES &lt;ALBN> OFFERS STOCK</TITLE>
+<DATELINE>    THOMSON, Ga., March 18 - </DATELINE><BODY>Allied Bankshares Inc said it
+offered 500,000 shares of stock at 12.50 dlrs a share.
+    The offering is underwritten by Johnson, Lane, Space, Smith
+and Co Inc and Interstate Securities Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11847" NEWID="6934">
+<DATE>18-MAR-1987 18:56:52.11</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f9785&#31;reute
+u f PM-bolivia   03-18 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIVIAN TIN MINERS START HUNGER STRIKE</TITLE>
+<DATELINE>     LA PAZ, March 18 - </DATELINE><BODY>About 9,000 miners employed by the
+state corporation Comibol went on hunger strike to press for
+higher wages, a miners union spokesman said.
+     Victor Lopez, executive secretary of the miners union,
+told a news conference the strikers began to fast in the major
+tin mining districts of oruro and potosi and the action would
+spread tomorrow to la paz and other areas.
+     The government has charged that the strike by the miners
+union, crippled by massive layoffs, is part of a left-wing
+destabilisation plan to coincide with the visit of West German
+president Richard von Weizsaecker, who arrives on a four-day
+official tour on Friday.
+     But miners union chief Simon Reyes told reporters the
+strike had nothing to do with subversion and was to press for
+more government investment in Comibol.
+     The government of president Victor Paz Estenssoro has
+streamlined the deficit-ridden state mining corporation laying
+off about 20,000 miners, two-thirds of the workforce, following
+a collapse of the international tin price in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11848" NEWID="6935">
+<DATE>18-MAR-1987 19:01:36.62</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>france</D><D>west-germany</D><D>poland</D><D>netherlands</D><D>ussr</D><D>hungary</D><D>romania</D><D>turkey</D><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f9787&#31;reute
+u f BC-CZARNIKOW-EXPECTS-LOW   03-18 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CZARNIKOW EXPECTS LOWER EUROPEAN SUGAR OUTPUT</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>European sugar output on the basis of
+three year average yields will be over half a mln tonnes white
+value down on last year although yields do vary widely from
+year to year, broker C Czarnikow said in its market review.
+    European Community sowings are likely to be down compared
+with last year. There have been suggestions these sowings might
+respond to the recent upsurge in world prices, but Czarnikow
+said "it is not the sort of fact that easily becomes known."
+    The broker bases its forecasts on Licht planting estimates
+which put W Germany, the Netherlands and USSR lower but
+Hungary, Romania, Poland, Turkey and Yugoslavia higher.
+    Czarnikow's projections in mlns tonnes white value and
+three differing yields include
+      '87/88  max      aver      min    1986/87
+ France       3.57     3.42     3.28       3.44
+ W Germany    3.08     2.88     2.64       3.19
+ EC          13.82    13.01    12.13      13.76
+ W Europe    17.71    16.45    14.98      16.71
+ Poland       2.02     1.80     1.13       1.74
+ USSR         8.65     7.60     5.71       8.05
+ E Europe    13.87    12.14     9.08      12.44
+ All Europe  31.58    28.58    24.06      29.15
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11849" NEWID="6936">
+<DATE>18-MAR-1987 19:02:54.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f9790&#31;reute
+u f BC-MAI-SEEKS-100-MLN-DLR   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAI SEEKS 100 MLN DLR MULTIPLE FACILITY</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>&lt;MAI Plc>, the financial services and
+advertising group, has asked S.G. Warburg and Co Ltd to arrange
+a 100 mln dlr multiple option facility which will restructure a
+part of the company's exisiting banking arrangements, banking
+sources said.
+    The financing will be for five years and involves a
+committed backstop facility and an uncommitted tender panel for
+cash advances in dollars or other available currencies.
+    The committed part of the transaction will carry a facility
+fee of 7.5 basis points and drawings will be at a margin of 15
+basis points.
+    There also will be a utilization fee of five basis points
+if the underwriting banks are called upon to provide more than
+30 pct of the facility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11850" NEWID="6937">
+<DATE>18-MAR-1987 19:04:04.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f9796&#31;reute
+u f BC-SAYAD-ACCEPTS-INVITAT   03-18 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAYAD TO BE BRAZIL'S AMBASSADOR AT EC</TITLE>
+<DATELINE>    BRASILIA, March 18 - </DATELINE><BODY>Joao Sayad, who resigned yesterday
+from his post as Planning Minister, accepted President Jose
+Sarney's invitation to fill the vacant post as Brazil's
+ambassador at the European Community (EC), a Presidential
+spokesman said.
+    The spokesman said Sayad refused Sarney's request to remain
+as Planning Minister for another 30 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11851" NEWID="6938">
+<DATE>18-MAR-1987 19:06:11.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9797&#31;reute
+r f BC-EQUATORIAL-COMMUNICAT   03-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUATORIAL COMMUNICATIONS &lt;EQUA> SETS PACT</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., March 18 - </DATELINE><BODY>Equatorial Communications
+Co said it set an agreement with FIserv Inc &lt;FISV> to supply
+and operate a private satellite-based data transaction network.
+    Under the terms of the agreement, Equatorial will provide
+FIserv with C-200 series transmit/receive micro earth stations
+to be located at client financial institutions throughout the
+U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11852" NEWID="6939">
+<DATE>18-MAR-1987 19:17:03.41</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>cuba</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f9800&#31;reute
+u f BC-CUBAN-SUGAR-OUTPUT-SE   03-18 0146</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUBAN SUGAR OUTPUT SEEN AT 7.5 MLN TONNES</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Cuban sugar output this season (1986/87)
+is put at around 7.5 mln tonnes raw value by broker C.Czarnikow
+in its monthly sugar market review.
+    Allowing for around 700,000 tonnes for the current year's
+domestic usage it would leave around 6.8 mln tonnes for export
+of which, Czarnikow estimates, about 3.7 mln tonnes will be
+taken by the USSR, 1.530 mln by other socialist countries and
+the remainder for delivery to non-socialist bloc destinations.
+    Czarnikow also estimated USSR 1986/87 production at 8.75
+mln tonnes raw value which when added to the 3.7 mln imports
+from Cuba and set against its estimated domestic and export
+needs of 14.2 mln tonnes will leave a gap of 1.75 mln tonnes to
+be acquired from the world market. Soviet purchases to date may
+not be far short of that quantity, Czarnikow said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11853" NEWID="6940">
+<DATE>18-MAR-1987 19:27:39.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f9804&#31;reute
+u f BC-GLOBAL-FARM-REFORM-TO   03-18 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLOBAL FARM REFORM TOP U.S. PRIORITY - SHULTZ</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Dismantling agricultural subsidies
+and implementing international farm policy reform will be the
+top priorities of the United States at the upcoming Venice
+Economic Summit, Secretary of State George Shultz told a group
+of American farm leaders.
+    "We want to see the American farmer put in a position in
+which he can compete on a level playing field," Shultz told the
+board of directors for the National Association of Wheat
+Growers.
+    The global agricultural situation is in the midst of the
+most serious farm crisis in modern history, Shultz said, and
+how the U.S. responds to the current problems will determine
+whether the U.S. will continue its leadership role in world
+agriculture.
+    Government policies that subsidize production and exports
+have created a "crisis of overproduction," he said. Shultz
+particularly criticized European Community policies which he
+said encourage domestic production by providing high government
+supports to farmers and then exporting the surplus product with
+the help of huge subsidies.
+    The U.S. and its trading partners cannot afford to continue
+current high levels of subsidies, he said. But the U.S. cannot
+stop subsidies alone, Shultz said. "We have to agree to
+dismantle these systems together," he said.
+    The U.S., EC and Japan have the obligation to take the lead
+in agricultural reform, he said. For that reason, U.S.
+officials will push for farm reform at the Venice meeting and
+have made it a top priority for GATT negotiations in Geneva.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11854" NEWID="6941">
+<DATE>18-MAR-1987 19:32:49.60</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f9806&#31;reute
+d f BC-U.S.-CARGO-PREFERENCE   03-18 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CARGO PREFERENCE FUNDING ACCORD SEEN NEAR</TITLE>
+<DATELINE>    WASHINGTON, MARCH 18 - </DATELINE><BODY>The U.S. Departments of Agriculture
+and Transportation are close to agreement on how to fund the
+increasing share of food aid to be shipped on U.S. flag vessels
+under a 1985 farm bill provision on cargo preference.
+    Melvin Sims, USDA's general sales manager told a House
+Agriculture Appropriations subcommittee hearing that the two
+departments are negotiating a "memorandum of understanding" on
+cargo preference.
+    Under a 1985 farm bill provision, the percentage of food
+aid shipments carried on U.S. flag vessels was to gradually
+increase over three years to 75 pct in 1988. The increased cost
+of using U.S. vessels was to be funded by the Transportation
+Department instead of USDA. However, USDA officials said
+Transportation has so far contributed no money.
+    The agreement between USDA and Transportation is expected
+to resolve the matter, USDA officials said.
+    Tom Kay, administrator of the USDA's Foreign Agricultural
+Service said yesterday the requirement that more food aid
+shipments be carried on U.S. vessels has been difficult to
+meet.
+    "As the tonnage (required under cargo preference) goes up,
+its going to be harder and harder to meet," Kay said.
+    Two farm state Congressmen, Pat Roberts (R-Kan.) and Glenn
+English (D-Okla.) said cargo preference makes U.S. farm export
+programs more costly and the program should be eliminated.
+    In the past, farm interests opposed to cargo preference
+have been defeated in Congress by the maritime interests who
+view cargo preference as vital to the U.S. shipping fleet.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11855" NEWID="6942">
+<DATE>18-MAR-1987 20:33:25.47</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f9828&#31;reute
+f f BC-AUSTRALIAN-FOURTH-QTR   03-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AUSTRALIAN FOURTH QTR GDP RISES 1.1 PCT, AFTER 0.2 PCT THIRD QTR RISE - OFFICIAL.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11856" NEWID="6943">
+<DATE>18-MAR-1987 20:38:42.50</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f9832&#31;reute
+b f BC-AUSTRALIAN-GDP-RISES   03-18 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN GDP RISES 1.1 PCT IN FOURTH QUARTER</TITLE>
+<DATELINE>    CANBERRA, March 19 - </DATELINE><BODY>Australia's seasonally adjusted real
+gross domestic product (GDP) rose 1.1 pct in the fourth quarter
+of 1986 after rising 0.2 pct in the third quarter, the
+Statistics Bureau said.
+    This compares with a 1.1 pct fall in the fourth quarter of
+1985.
+    Compared with the year-earlier quarter, GDP also rose 1.1
+pct, the Bureau figures show.
+    The annual rise compares with a 0.3 pct fall in the third
+quarter compared with the 1985 third quarter and a 4.3 pct rise
+in the year-earlier period, the Bureau figures show.
+    Real non-farm gross product rose 0.9 pct in the fourth
+quarter after zero growth in the third quarter and a 1.3 pct
+fall a year earlier, making an annual rise of 0.8 pct.
+    Gross farm product rose 4.3 pct compared with rises of 2.6
+pct in the third quarter and 2.8 pct a year earlier, making
+annual growth of 6.6 pct.
+    Elements in the fourth quarter GDP rise included falls of
+0.6 pct and 0.2 pct in private and government final consumption
+expenditure respectively, the Bureau figures show.
+    Gross fixed capital expenditure fell 0.1 pct in the quarter
+while exports of goods and services rose 13.0 pct and imports
+2.9 pct.
+    Seasonally-adjusted expenditure on GDP at average 1979/80
+prices rose to 36.67 billion dlrs in the fourth quarter from
+36.26 billion in both the third quarter and the year-earlier
+quarter.
+    The figures are subject to revision over a long period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11857" NEWID="6944">
+<DATE>18-MAR-1987 20:47:07.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f9833&#31;reute
+b f BC-NIPPON-LIFE-SEEKING-T   03-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON LIFE SEEKING TIE WITH U.S. SECURITIES HOUSE</TITLE>
+<DATELINE>    TOKYO, March 19 - </DATELINE><BODY>&lt;Nippon Life Insurance Co> is pursing a
+possible link with an American securities house to expand its
+overseas investment portfolio, a company spokesman said.
+    But he declined to comment on rumours the company would
+take a 10 pct stake in &lt;Shearson Lehman Brothers>, an
+investment banking unit of American Express Co &lt;AXP>.
+    He said the firm started to sound out several U.S.
+Investment banks on capital participation about 18 months ago
+and was narrowing the number of prospects, but he did not say
+if it had set its sights on one firm.
+    Nippon Life, Japan's largest life insurer, also plans to
+set up a wholly owned investment unit, &lt;Nissei International
+America>, in New York next month and subsidiaries in Canada,
+Singapore, the Cayman Islands and Jersey this year, he said.
+    These moves are in line with its long-term strategy to put
+more emphasis on overseas investment management as
+opportunities at home are declining while the company's assets
+are growing.
+    The company is especially attracted by the scale and depth
+of U.S. Money and credit markets and wants to establish a firm
+foothold there, the spokesman added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11858" NEWID="6945">
+<DATE>18-MAR-1987 21:11:03.27</DATE>
+<TOPICS><D>money-fx</D><D>nzdlr</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f9843&#31;reute
+u f BC-FORMER-N.Z.-PREMIER-C   03-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER N.Z. PREMIER CALLS FOR CHEAPER CURRENCY</TITLE>
+<DATELINE>    WELLINGTON, March 19 - </DATELINE><BODY>Former Prime Minister Robert
+Muldoon, an outspoken advocate of a managed float for the N.Z.
+Dollar, said the currency is at least 10 pct overvalued.
+    Muldoon said in a speech last night the exchange rate
+should be around 48 U.S. Cents instead of the current 57 cents.
+    "A reasonable value for the New Zealand dollar would be
+between 10 and 15 pct less and nearer 15 than 10. Perhaps
+around about 48 cents," he said.
+    The Labour Party government removed exchange controls and
+floated the dollar two years ago when it was worth 44 cents.
+    Muldoon has no rank in the opposition National Party, and
+party leaders, with an eye to general elections to be held by
+September, have rejected his calls for a managed float.
+    He said the dollar was high because of "grossly excessive"
+interest rates for government stock.
+    "I know of no other country which is implementing such a
+free floating policy," he added. "There is widespread agreement
+internationally that we have no alternative to floating
+currencies in the short to medium term. But we need more
+effective methods of managing them so as to limit the
+volatility which has caused so much concern and damage."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11859" NEWID="6946">
+<DATE>18-MAR-1987 21:58:55.21</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>taiwan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f9871&#31;reute
+u f BC-TAIWAN-SETS-1987-CANA   03-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN SETS 1987 CANADIAN WHEAT IMPORT TARGET</TITLE>
+<DATELINE>    TAIPEI, March 19 - </DATELINE><BODY>The Taiwan Flour Mills Association will
+import 81,000 tonnes of wheat from Canada in calendar 1987,
+unchanged from the 1986 level, an association spokesman told
+Reuters.
+    He said the total will be delivered in three shipments. The
+first will be shipped to Taiwan between March 20 and April 20
+and the other two will be made later this year, he said.
+    The total wheat import target this year has been set at
+700,000 tonnes, down from actual imports of 758,770 last year.
+    Most of Taiwan's wheat imports come from the U.S., The
+spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11860" NEWID="6947">
+<DATE>18-MAR-1987 22:15:04.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f9878&#31;reute
+u f BC-ANOTHER-U.S.-SAVINGS   03-18 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANOTHER U.S. SAVINGS BANK IS CLOSED</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Federal Home Loan Bank Board
+said it put the Perpetual Savings Bank in Santa Ana, Calif.,
+Into receivership because it was insolvent and replaced it with
+a new federally chartered Perpetual Savings Association.
+    This is the 15th federal action assisting troubled U.S.
+Savings institutions this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11861" NEWID="6948">
+<DATE>18-MAR-1987 22:19:25.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f9879&#31;reute
+u f BC-AUSTRALIAN-BANK-DEPOS   03-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN BANK DEPOSITS RISE IN FEBRUARY</TITLE>
+<DATELINE>    CANBERRA, March 19 - </DATELINE><BODY>Australian trading bank deposits rose
+243 mln dlrs to 45.34 billion in February after rising 589 mln
+to 45.10 billion in January and 140 mln to 43.80 billion in
+February last year, the Statistics Bureau said.
+    Total loans, advances and bills discounted fell to 43.80
+billion dlrs from 43.92 billion in January, compared with 38.97
+billion in February 1986.
+    Total bank assets in Australia rose to 87.02 billion dlrs
+from 86.18 billion in January and 72.28 billion a year earlier
+while liabilities rose to 80.35 billion from 79.08 billion and
+66.93 billion respectively.
+    Foreign currency balances included in total assets fell to
+5.36 billion Australian dlrs-equivalent in February from 5.37
+billion in January, against 3.05 billion in February 1986,
+while those in liabilities rose to 8.36 billion from 8.21
+billion and 4.56 billion respectively, the Bureau said.
+    Trading bank holdings of liquid assets and government
+securities rose to 8.68 billion dlrs from 8.51 billion in
+January and 7.26 billion in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11862" NEWID="6949">
+<DATE>18-MAR-1987 23:14:35.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>japan</D><D>philippines</D><D>indonesia</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f9890&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - ASIAN PROPERTY MARKET</TITLE>
+<AUTHOR>    By Jonathan Thatcher, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, March 19 - </DATELINE><BODY>Property looks set to continue to
+provide good returns on investment in most major cities in Asia
+and Australia this year.
+    A Reuter poll of property analysts, bankers and economists
+around the region shows better returns are often more likely to
+come from buying and selling real estate than from rental
+income.
+    In central Tokyo, property analysts project commercial land
+prices will rise this year by 10 to 20 pct after last year's
+53.8 pct jump.
+    The main draw for local and foreign investors in Japan is
+Tokyo, where the top price paid for a central commercial
+property last year was 169,000 dlrs a square meter. A building
+in land-poor Singapore recently sold for 3,300 dlrs a meter.
+    But the analysts said Tokyo rents could level off as supply
+increases slightly and the strong yen puts prices out of reach
+of foreign investors.
+    Japanese investors, spurred by the yen's rise, are spending
+record sums on property abroad, partly elsewhere in Asia, but
+in particular in the U.S., Where Japanese investment could
+double this year to 10 billion dlrs, the analysts said.
+    The analysts forecast that Hong Kong property prices will
+rise steadily over the next few years, although a surge in
+construction will limit increases in some areas.
+    Property sales have become increasingly popular because in
+some sectors of the market real estate prices, as in several
+cities in the region, have already outpaced rent yields.
+    "We still see prices creeping up steadily and I don't see
+why the trend should not continue over the next few months,"
+said Gareth Williams, a partner of land agent Vigers Hong Kong.
+But he warned investors to bear in mind the political risk
+linked to the return of the colony to China in 1997.
+    In several other countries, analysts predicted at least
+some rise in property values, which in one or two cases, such
+as Thailand, could help spark a construction boom.
+    Bankers and economists in Bangkok said they expect at least
+seven pct growth this year in private sector construction as a
+result of government assistance, low mortgage rates and a
+generally bullish economic outlook.
+    Increased confidence in the economy has also improved the
+outlook for property in Manila after a three-year slump, one
+Philippine developer said.
+    Taiwan's property market is also set to turn around after
+five years in the doldrums, according to property developers in
+Taipei. They, like counterparts in many of the region's
+capitals, cited low interest rates as a major factor.
+    One leading broker said the property market had become an
+attractive investment in Taiwan, noting property development
+yields of up to 15 pct.
+    Jakarta too has plenty of new office towers. Construction
+has helped cut rents to half the levels of the early 1980s,
+though foreigners usually have to rent because of limits on
+property ownership, as in many parts of Asia.
+    In contrast, Australia's easing of rules on foreign
+investment in property, combined with financial deregulation
+and a weaker dollar, has helped spark overseas interest in the
+market, analysts said. But this has not always meant sales.
+    "What we have seen is an increase in inquiries, particularly
+from Japan, but this has yet to show itself in many new deals
+being done," said Allan Farrar, executive director (real estate)
+of Elders IXL Ltd's pastoral group.
+    Yields on prime Sydney office buildings average 6.5 pct,
+and one analyst forecast a 20 pct jump in rents this year after
+15 pct rises in each of the past two years.
+REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11863" NEWID="6950">
+<DATE>18-MAR-1987 23:16:03.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f9892&#31;reute
+u f BC-EX-REAGAN-AIDE-DEAVER   03-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EX-REAGAN AIDE DEAVER INDICTED ON PERJURY CHARGES</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>Former White House aide Michael
+Deaver, a long-time confidant of President Reagan, has been
+indicted on charges of lying about his contacts as a Washington
+lobbyist with top U.S. Government officials.
+    The five-count perjury indictment charged that Deaver lied
+in sworn testimony to Congress and before the grand jury
+investigating his business affairs.
+    Deaver, who resigned as deputy White House chief of staff
+in 1985 to open a lobbying firm, faces a maximum penalty of 25
+years in prison if convicted. Immediately after the indictment
+was announced Reagan issued a statement wishing Deaver well.
+    The indictment charged that Deaver lied about his contacts
+with White House and cabinet officials on behalf of a wide
+range of clients, including foreign governments and large
+corporations.
+    Charges include that he lied about his contacts when hired
+by Canada to help settle a dispute over acid rain with the U.S.
+And when employed by Trans World Airlines to help thwart a
+takeover bid.
+    Deaver issued a statement denying he had committed perjury
+and predicting he would be acquitted at trial.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11864" NEWID="6951">
+<DATE>19-MAR-1987 02:07:55.67</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0005&#31;reute
+u f BC-NEW-ZEALAND-UNEMPLOYM   03-19 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND UNEMPLOYMENT FALLS IN FEBRUARY</TITLE>
+<DATELINE>    WELLINGTON, March 19 - </DATELINE><BODY>New Zealand's unemployment rate fell
+to 6.0 pct of the workforce at the end of February from 6.1 pct
+in January but was above the 4.3 pct level of February 1986,
+the labour department said.
+    It said the number of unemployed fell to 78,711 from 81,558
+in January, and compared with 57,103 in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11865" NEWID="6952">
+<DATE>19-MAR-1987 02:19:13.69</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0023&#31;reute
+b f BC-JAPAN-MARCH-INTERIM-T   03-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MARCH INTERIM TRADE SURPLUS FALLS</TITLE>
+<DATELINE>    TOKYO, March 19 - </DATELINE><BODY>Japan's customs-cleared trade surplus
+fell to 1.89 billion dlrs in the first 10 days of March from a
+1.91 billion surplus a year earlier, the Ministry of Finance
+said.
+     The March interim surplus compared with a 1.70 billion dlr
+surplus in the same February period.
+     FOB exports in the first 10 days of March rose 5.8 pct
+from a year earlier to 5.50 billion dlrs and CIF imports rose
+9.7 pct to 3.61 billion.
+     The average yen/dollar rate used for the statistics was
+153.67 yen against 181.23 a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11866" NEWID="6953">
+<DATE>19-MAR-1987 02:19:53.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0029&#31;reute
+u f BC-MITSUI-AND-CO-BUYS-ST   03-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUI AND CO BUYS STAKE IN IMATRON</TITLE>
+<DATELINE>   TOKYO, March 19 - </DATELINE><BODY>A Mitsui and Co &lt;MITS.T> spokesman said
+its subsidiary &lt;Mitsui and Co USA Inc> bought two mln dlrs of
+newly-issued shares in &lt;Imatron Inc>, an unlisted
+California-based medical equipment manufacturer.
+    Mitsui and Co USA is now Imatron's fifth-largest
+shareholder with 3.1 pct of the firm's outstanding shares.
+Imatron is capitalised at 32.76 mln dlrs, the spokesman said.
+    Mitsui and Co intends to import Imatron's computerised
+diagnostic equipment into Japan, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11867" NEWID="6954">
+<DATE>19-MAR-1987 02:20:01.85</DATE>
+<TOPICS><D>trade</D><D>bop</D><D>rubber</D><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>siregar</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0030&#31;reute
+u f BC-INDONESIA-SEES-LIMITE   03-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA SEES LIMITED CHOICES ON ECONOMY</TITLE>
+<DATELINE>    JAKARTA, March 19 - </DATELINE><BODY>Indonesia cannot spend its way out of
+recession and has very limited economic options due to lower
+world oil prices, Central Bank governor Arifin Siregar was
+quoted as saying by the official Antara news agency.
+    "If Indonesia spurs its economic growth too much, such as
+through expansionary monetary and budgetary policies, it might
+create negative effects not only on price increases, but also
+on the balance of payments," he told bankers and businessmen in
+the North Sumatran city of Medan.
+    Antara quoted him as saying Indonesia is relying on its
+export drive to help narrow its trade deficit.
+    Antara reported that Siregar said the government wanted to
+help boost exports from the rubber and palm oil industries,
+which are centered in Sumatra.
+    "I see Sumatra has great potential, as in the plantation
+sector in which family units are employed in great number," he
+said, according to the agency.
+    Indonesia relied on oil and gas exports for 70 pct of its
+export revenue until last year's fall in crude prices.
+    It has projected its current account deficit will widen to
+over four billion dlrs in the current financial year ending
+March 31 from 1.8 billion in 1985/86.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11868" NEWID="6955">
+<DATE>19-MAR-1987 02:20:26.56</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0034&#31;reute
+u f BC-NEW-ZEALAND-RETAIL-SA   03-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND RETAIL SALES SLOW IN JANUARY</TITLE>
+<DATELINE>    WELLINGTON, March 19 - </DATELINE><BODY>Seasonally adjusted retail sales
+rose by 0.1 pct in January, compared with increases of 5.7 pct
+in December and 1.0 pct a year earlier, the Statistics
+Department said.
+    It said in a statement actual retail sales fell to 1.87
+billion N.Z. Dlrs in January against 2.42 billion a month
+earlier and compared with 1.78 billion in January 1986.
+    Year-on-year retail sales rose 5.3 pct compared with a 9.6
+pct increase in the year-earlier period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11869" NEWID="6956">
+<DATE>19-MAR-1987 02:21:06.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0039&#31;reute
+u f BC-TDK,-ALLEN-BRADLEY-TO   03-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TDK, ALLEN-BRADLEY TO MAKE MAGNETS IN U.S.</TITLE>
+<DATELINE>    TOKYO, March 19 - </DATELINE><BODY>TDK Corp &lt;TDK.T> and &lt;Allen-Bradley Co
+Inc>, a Rockwell International Corp &lt;ROK> subsidiary, have
+agreed to set up a joint venture in the U.S. To make ferrite
+magnets for the North American market, a TDK spokesman said.
+    The new company, &lt;Allen-Bradley/TDK Magnetics>, will be set
+up on April 1 at a plant formerly operated by Allen-Bradley's
+magnetics division in Shawnee, Oklahoma.
+    It targets first-year sales of 30 to 40 mln dlrs which will
+be marketed by TDK's subsidiary &lt;TDK Corp of America>.
+    TDK will own less than 50 pct of the venture, the spokesman
+said without giving other details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11870" NEWID="6957">
+<DATE>19-MAR-1987 02:21:29.97</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0041&#31;reute
+u f BC-SOME-7,000-SOUTH-AFRI   03-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOME 7,000 SOUTH AFRICAN MINERS RETURN TO WORK</TITLE>
+<DATELINE>    JOHANNESBURG, March 19 - </DATELINE><BODY>Some 7,000 black workers returned
+to work after staging one-day strikes at two mines on Monday,
+the National Union of Mineworkers and the companies that own
+the mines said.
+    About 6,000 miners resumed work at the Grootvlei gold mine
+east of Johannesburg after protesting the transfer of
+colleagues to other jobs at the same mine, owners General
+Mining Union Corp Ltd &lt;GENM.J> said.
+    The union said about 1,000 mineworkers at a new coal
+facility owned by Anglo American Corp of South Africa Ltd
+&lt;ANGL.J> also returned to their jobs on Tuesday.
+    The workers at Anglo's Vaal Colliery south of Johannesburg
+had struck to protest the alleged refusal of officials of the
+South African homeland of Transkei to allow miners to attend a
+funeral in the homeland, a union spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11871" NEWID="6958">
+<DATE>19-MAR-1987 02:22:15.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0047&#31;reute
+u f BC-OSAKA-POSTPONES-STOCK   03-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OSAKA POSTPONES STOCK FUTURES CONTRACT</TITLE>
+<DATELINE>    TOKYO, March 19 - </DATELINE><BODY>The Osaka Stock Exchange has postponed
+its planned April 6 launch of a futures contract tied to stock
+market movements until after parliament considers a bill to cut
+tax on futures transactions, an exchange official said.
+    Opposition parties have disrupted all parliamentary
+proceedings to protest government plans for a new sales tax.
+    The bill would reduce the tax to 0.0125 pct of the
+transaction value from the current 0.2 pct, the exchange said.
+    The Osaka futures contract will be for a package of 50
+issues selected from the 225 stocks that make up the Nikkei
+average on the Tokyo Stock Exchange.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11872" NEWID="6959">
+<DATE>19-MAR-1987 02:27:12.52</DATE>
+<TOPICS><D>trade</D><D>bop</D><D>gnp</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0059&#31;reute
+u f BC-AUSTRALIAN-EXPORTS-HE   03-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN EXPORTS HELPING TO BOOST GDP</TITLE>
+<AUTHOR>    By David Skinner, Reuters</AUTHOR>
+<DATELINE>    SYDNEY, March 19 - </DATELINE><BODY>The strong contribution of exports to
+the growth in Australia's gross domestic product (GDP) in the
+fourth quarter of 1986 was a significant and welcome feature of
+the data, private economists polled by Reuters said.
+    Real GDP rose 1.1 pct in the fourth quarter of 1986, after
+rising 0.2 pct in the third quarter and falling 1.1 pct a year
+earlier.
+    Equally significant was the decline in both private and
+government spending, they said.
+    Exports of goods and services rose 13 pct in the fourth
+quarter, while imports rose only 2.9 pct, Statistics Bureau
+figures show. Consumer spending declined 0.6 pct and government
+spending by 0.2.
+    Bob Edgar of the Australia and New Zealand Banking Group
+Ltd said the government's aim of reducing the current account
+deficit by boosting exports and lowering consumption to cut
+imports appeared to be working.
+    However, he cautioned that care must be taken to keep
+growth restrained because if it accelerated too fast imports
+would increase and worsen the balance of payments.
+    Andre Morony of Bankers Trust Australia Ltd added the
+result was positive because growth was export-driven.
+    But he said the GDP rise came as no surprise given the
+growth in exports disclosed in other statistics.
+    The economists' comments were echoed by Treasurer Paul
+Keating in a statement issued in Canberra.
+    Keating said the figures showed encouraging trends for a
+reduction in the current account deficit, notably the decline
+in domestic demand and the strong increase in exports.
+    A further 3.5 pct fall in the terms of trade in the quarter
+underscored the need to continue restraint in wages, prices and
+public sector spending and borrowing to improve Australia's
+competitiveness, he said.
+    "It is clear that through the continued application of that
+strategy Australia will make the necessary adjustments in its
+external accounts and return to a more sustainable growth
+pattern," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11873" NEWID="6960">
+<DATE>19-MAR-1987 02:32:23.26</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>australia</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0065&#31;reute
+u f BC-AUSTRALIAN-WHEAT-BOAR   03-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN WHEAT BOARD RENEWS JAPAN SUPPLY PACT</TITLE>
+<DATELINE>    MELBOURNE, March 19 - </DATELINE><BODY>The Australian Wheat Board (AWB)
+expects to sell about 900,000 tonnes of wheat to the Japanese
+Food Agency this year after renewing its annual supply
+agreement, AWB general manager Ron Paice said.
+    Under the agreement, the AWB makes the wheat available and
+sells into the Food Agency's regular tenders, he said in a
+statement.
+    He noted that the Board has sold more than three mln tonnes
+to Japan in the past three years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11874" NEWID="6961">
+<DATE>19-MAR-1987 02:36:50.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0067&#31;reute
+u f BC-SANWA-BANK-ACQUIRES-S   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANWA BANK ACQUIRES SMALL STAKE IN PORTUGUESE BANK</TITLE>
+<DATELINE>    TOKYO, March 19 - </DATELINE><BODY>Sanwa Bank Ltd &lt;ANWA.T> has agreed to buy
+a two pct stake in Oporto-based &lt;Banco Portugues de Investmento
+Sarl> (BPI), Portugal's largest merchant bank, a Sanwa official
+said.
+    Sanwa will purchase the shares from International Finance
+Corp, a BPI shareholder and sister organisation of the World
+Bank, for 351 mln yen, he said.
+    The acquisition will be completed this month as both the
+Japanese and Portuguse governments are expected to give
+permission soon.  This is the first time a Japanese bank has
+bought a stake in a Portuguese bank.
+    Sanwa plans to increase its stake in BPI to four pct, the
+ceiling for foreign shareholders, the official said.
+    The bank has also agreed with &lt;Banco Portugues do
+Atlantico>, a state-owned merchant bank in Oporto, to exchange
+information on customers and help accelerate Japanese
+investment and technological transfers to Portugal, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11875" NEWID="6962">
+<DATE>19-MAR-1987 03:12:26.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0106&#31;reute
+u f BC-FOREIGN-SHARE-IN-JAPA   03-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREIGN SHARE IN JAPAN BOND SYNDICATE BOOSTED</TITLE>
+<DATELINE>     TOKYO, March 19 - </DATELINE><BODY>The Finance Ministry approved the
+banking industry's plan to cut its share in the government bond
+underwriting syndicate to 73.8 pct from 74 pct from April 1 to
+allow six foreign securities firms to participate, a ministry
+spokesman said.
+    Local and foreign securities housess may now underwrite
+26.2 pct of 10-year bonds, up from 26 pct previously.
+    Under a separate agreement, Japanese and foreign brokers
+will allow the latter, including the six newcomers, to
+underwrite five pct of the enlarged share, up from 1.19 pct,
+underwriting sources said.
+    The six new foreign brokers are &lt;E.F. Hutton and Co Inc>,
+&lt;Shearson Lehman Brothers Asia Inc>, Dresdner Bank AG &lt;DRSD.F>,
+&lt;Swiss Bank Corp International Asia Inc>, &lt;Sogen Security Corp>
+and &lt;Swiss Union Philips and Drew Ltd>.
+    The syndicate agreed after negotiation in April 1982 that
+26 pct of 10-year government bonds should be underwritten by 93
+securities firms, 17 of them foreign, and 74 pct by banks. The
+ministry later approved the arrangement.
+    The Finance Ministry is also considering public tender of
+notes of over four-year maturity, adding to the current two,
+three and four-year note auction, the ministry official said.
+    The ministry has decided to lower the eligibility standard
+for foreign brokers to participate in government note auctions
+by abolishing a requirement that participants have current
+accounts with the bank of Japan, the official said.
+    A request by four foreign banks to join the bond
+underwriting syndicate is being considered, banking sources
+said. The four are local subsidiaries of Continental Illinois
+Holding Corp's &lt;CIH.N> Belgian unit &lt;Continental Bank SA/NV>,
+Amsterdam-Rotterdam Bank NV &lt;AMRO.AS>, &lt;Canadian Commercial
+Bank> and &lt;Union de Banques Arabes et Francaises>, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11876" NEWID="6963">
+<DATE>19-MAR-1987 03:24:43.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0127&#31;reute
+u f BC-FRENCH-INVESTMENT-ABR   03-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH INVESTMENT ABROAD ROSE 70 PCT IN 1986</TITLE>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>French net investment abroad jumped 70
+pct to 34 billion francs in 1986 from 20 billion in 1985, with
+total new investment rising to 44 billion francs from 26
+billion and liquidation of investments rising to 10 billion
+from six, figures released by the Foreign Trade ministry show.
+    Investment in the United States rose sharply to 33.95
+billion francs last year from 19.8 billion in 1985, while
+investment in Canada nearly doubled to 15.9 billion from 8.6
+billion. Investment in Europe was also generally higher.
+    But investment in Japan fell to 46 mln francs from 167 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11877" NEWID="6964">
+<DATE>19-MAR-1987 03:38:21.46</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0140&#31;reute
+u f BC-INDIA-TRADE-DEFICIT-F   03-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA TRADE DEFICIT FALLS</TITLE>
+<DATELINE>    NEW DELHI, March 19 - </DATELINE><BODY>India's trade deficit is
+provisionally estimated at 58.34 billion rupees in the first 10
+months of fiscal 1986/87 ending March, compared with 70.62
+billion in the year ago period, the Commerce Ministry said.
+ Exports rose in the latest period to 100.75 billion rupees
+from the a year earlier 86.09 billion and imports to 159.09
+billion from 156.71 billion in the period, the figures show.
+    The trade deficit for all of 1986/87 is provisionally
+estimated at around 70 billion rupees from an estimated record
+87.47 billion in 1985/86 and actual 53.18 billion in 1984/85,
+Commerce Minister P. Shiv Shanker told reporters last month .
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11878" NEWID="6965">
+<DATE>19-MAR-1987 03:39:27.59</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0143&#31;reute
+r f BC-SWEDEN-REVISES-DOWN-J   03-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN REVISES DOWN JANUARY'S INFLATION FIGURE</TITLE>
+<DATELINE>    STOCKHOLM, March 19 - </DATELINE><BODY>Sweden's rate of inflation during
+January has been revised downwards after a fault was made in
+calculating the figures, the Central Bureau of Statistics said.
+    The January rise in consumer prices was 1.0 pct instead of
+the previously announced 1.3 pct, the bureau said, without
+explaining how the error arose.
+    Consumer prices in February rose 0.3 pct compared with 0.1
+pct in February last year, the bureau said. The total inflation
+rate so far this year is therefore 1.3 pct, allowing for
+January's revised figures, it added.
+    Year-on-year inflation rose to 3.4 pct in February, against
+a revised 3.2 pct in January and a year-on-year rate of 5.3 pct
+in February 1986, the bureau said.
+    The slowdown in price rises was mainly due to a government
+imposed price freeze which came into force on February 4, the
+bureau added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11879" NEWID="6966">
+<DATE>19-MAR-1987 03:46:12.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0150&#31;reute
+b f BC-BRITISH-LAND-CONVERTI   03-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH LAND CONVERTIBLE BOND RAISED TO 33 MLN STG</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>British Land Co Plc &lt;BLND.L> convertible
+eurobond issued yesterday has been raised to a total of 33 mln
+stg from the 30 mln originally indicated, lead manager Credit
+Suisse First Boston Ltd said.
+    The coupon has been fixed at 7.50 pct and the conversion
+price at 248 pence to give a 27.84 pct premium over last
+night's share price close on the London stock exchange.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11880" NEWID="6967">
+<DATE>19-MAR-1987 03:58:22.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0161&#31;reute
+b f BC-BP-SHARES-SLIDE-ON-U.   03-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP SHARES SLIDE ON U.K. GOVERNMENT SALE NEWS</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>British Petroleum Co Plc &lt;BP.L> shares
+fell sharply in early trading, in response to last night's news
+that the U.K. Government will sell its remaining 31.7 pct BP
+holding during the financial year starting next month, dealers
+said.
+    By about 0840 GMT, BP shares were down to 802p, 26p below
+last night's close of 828p and 14p lower than the opening
+quote. The long-rumoured sale was announced by the government
+at the end of the second day of the budget debate in
+Parliament.
+    At last night's closing price, unofficial estimates put the
+value of the government shares in BP at around 4.8 billion stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11881" NEWID="6968">
+<DATE>19-MAR-1987 04:01:35.38</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0164&#31;reute
+u f BC-TAIWAN-STEEL-FIRM-SEE   03-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN STEEL FIRM SEES LOWER EXPORTS, MORE OUTPUT</TITLE>
+<DATELINE>    TAIPEI, March 19 - </DATELINE><BODY>State-owned &lt;China Steel Corp> said its
+steel exports will drop to some 600,000 tonnes in the year
+ending June 30, 1987 from more than 810,000 in 1985/86.
+    Production by the company, Taiwan's largest steel maker, is
+expected to rise to 3.33 mln tonnes from 3.27 mln, a spokesman
+told Reuters.
+    He attributed the export decline to the rise in the Taiwan
+dollar, which has eroded the competitiveness of the company's
+products against those from South Korea.
+    The spokesman said the company is undergoing an expansion
+project which calls for a boost in production to 5.65 mln
+tonnes a year from the current level. The project, costing 52.3
+billion Taiwan dlrs, will be completed by April 1988, two
+months ahead of the targetted date, he said.
+    The spokesman said the company exports its products to
+Japan, Southeast Asia, Hong Kong, the U.S., The Middle East and
+Africa.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11882" NEWID="6969">
+<DATE>19-MAR-1987 04:10:46.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0180&#31;reute
+f f BC-SWISSAIR-1986-NET-64.   03-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> SWISSAIR 1986 NET 64.5 MLN SWISS FRANC VS 68.5 MLN, DIV 33 FRANCS VS 38
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11883" NEWID="6970">
+<DATE>19-MAR-1987 04:11:31.87</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0182&#31;reute
+u f BC-PHILIPPINES'-LIQUIDIT   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES' LIQUIDITY RISES, LOAN DEMAND FALLS</TITLE>
+<DATELINE>    MANILA, March 19 - </DATELINE><BODY>Liquidity in the Philippines rose in
+December while loan demand and short-term lending rates fell,
+the Central Bank said.
+    A bank official said M-3 rose 9.72 pct to a provisional
+149.80 billion pesos at the end of December from a month
+earlier for a year-on-year gain of 12.72 pct.
+    She said short-term bank lending rates fell to an
+annualised 13.88 pct at the end of December, from 14.58 pct a
+month earlier and 19.82 pct at the end of December 1985.
+    Poor loan demand was illustrated by a rise in commercial
+bank reserves, the official said.
+    The bank official said commercial bank reserves were 22.19
+billion pesos at the end of December, when reserves required
+were 21.59 billion.
+    She said the surplus of 597 mln pesos, compared with a
+deficit of 390 mln pesos a month earlier and a deficit of 1.64
+billion at the end of 1985, reflected political uncertainty in
+the last quarter of 1986.
+    Reserve money, the total available to monetary authorities,
+was a provisional 52.58 billion pesos at the end of 1986. This
+was 5.19 pct up from 49.98 billion at the end of November and
+41.85 pct up from 37.09 billion in December 1985.
+    The bank official noted M-3, which includes M-1 money
+supply, plus savings, time deposits and deposit substitutes.
+Was 132.88 billion pesos at the end of December 1985.
+    M-1 money supply rose a provisional 17.3 pct to 42.86
+billion pesos at the end of December 1986 from 36.52 billion a
+month earlier. The year-on-year rise was 19.64 pct, up from
+35.83 billion at the end of December 1985.
+    The bank official said the broader M-2 measure, which
+measures notes and coins in circulation plus savings and time
+deposits, rose a provisional 9.7 pct to 140.88 billion pesos at
+the end of December from 128.41 billion a month earlier. It
+rose 13.35 pct from 124.27 billion at the end of December 1985.
+    She said deposits with the commercial banking system rose
+to just over 118 billion pesos at the end of December from
+107.89 billion at the end of 1985 and 92.83 billion at the end
+of 1984.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11884" NEWID="6971">
+<DATE>19-MAR-1987 04:12:42.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0184&#31;reute
+f f BC-SWISSAIR-CONFIRMS-ORD   03-19 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> SWISSAIR CONFIRMS ORDER FOR SIX MCDONNELL DOUGLAS MD-11 LONG-HAUL AIRCRAFT, TAKES 12 OPTIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11885" NEWID="6972">
+<DATE>19-MAR-1987 04:22:10.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0201&#31;reute
+b f BC-SWISSAIR-&lt;SWSZ.Z>-YEA   03-19 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISSAIR &lt;SWSZ.Z> YEAR 1986</TITLE>
+<DATELINE>    ZURICH, March 19 -
+    </DATELINE><BODY>Net 64.5 mln Swiss francs vs 68.5 mln
+    Div 33 francs per share vs 38
+    Turnover 4.03 billion vs 4.35 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11886" NEWID="6973">
+<DATE>19-MAR-1987 04:31:58.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0212&#31;reute
+u f BC-S.-KOREA-PLANS-TO-HEL   03-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. KOREA PLANS TO HELP AILING CONSTRUCTION FIRMS</TITLE>
+<DATELINE>    SEOUL, March 19 - </DATELINE><BODY>South Korea is considering providing
+special loans and tax benefits to ailing construction firms on
+condition they stop competing with each other for overseas
+contracts, government officials said.
+    They told Reuters, in order to benefit under the plan
+companies would be obliged to give up their licences to bid for
+foreign projects.
+    Sources at the construction ministry said the ministry
+plans to slash the number of building firms operating overseas
+to between 20 and 25, from the current 41.
+    The construction ministry sources said the construction
+industry had begun to adapt to drastically reduced orders from
+the Middle East.
+    They said the government wanted to prevent further hardship
+by reducing competion between South Korean firms. Already this
+year 15 firms had relinquished their licences.
+    Other government officials said new foreign construction
+orders fell to 2.3 billion dlrs last year, from 4.6 billion in
+1985. About 30,000 building workers were laid off in 1986, one
+third of the total force.
+    No further details of the proposed plan were available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11887" NEWID="6974">
+<DATE>19-MAR-1987 04:32:23.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0214&#31;reute
+b f BC-SWISSAIR-ORDERS-SIX-M   03-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISSAIR ORDERS SIX MCDONNELL DOUGLAS MD-11 JETS</TITLE>
+<DATELINE>    ZURICH, March 19 - </DATELINE><BODY>Swissair &lt;SWSZ.Z> said it was confirming
+six orders for the new MD-11 long-haul jet of McDonnell Douglas
+Corp &lt;MD> and had taken options for a further 12 planes.
+    The order, which involved rejecting the A-340 plane being
+built by the European Airbus consortium, is to replace the
+airline's fleet of DC-10 aircraft in the early 1990s.
+    Swissair said in December it was giving the MD-11 "primary"
+consideration, and had reserved six places for delivery,
+pending a final order.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11888" NEWID="6975">
+<DATE>19-MAR-1987 04:35:45.28</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0215&#31;reute
+r f BC-FINNISH-WHOLESALE-PRI   03-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH WHOLESALE PRICES RISE 0.2 PCT IN FEBRUARY</TITLE>
+<DATELINE>    HELSINKI, March 19 - </DATELINE><BODY>Finnish wholesale prices rose 0.2 pct
+in February after a rise of one pct in January and a drop of
+1.2 pct in February 1986, the Central Statistical Office said.
+    Year-on-year wholesale prices fell 1.9 pct in February
+after drops of 3.3 pct in January and 1.8 pct in February 1986.
+    The wholesale price index, base 1980, was 136.5 in
+February, 136.3 in January and 139.2 in February last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11889" NEWID="6976">
+<DATE>19-MAR-1987 04:41:19.20</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>hong-kong</D><D>china</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0221&#31;reute
+u f BC-CHINA,-TAIWAN-TRADE-V   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA, TAIWAN TRADE VIA HONG KONG FELL IN 1986</TITLE>
+<DATELINE>    HONG KONG, March 19 - </DATELINE><BODY>The value of trade between China and
+Taiwan via Hong Kong fell 13 pct to 7.45 billion H.K. Dlrs in
+1986 from 8.59 billion dlrs in 1985, Hong Kong's Census and
+Statistics Department said.
+    Taiwan's exports to China through Hong Kong fell to 6.33
+billion dlrs last year from 7.69 billion in 1985, while China's
+exports rose to 1.12 billion dlrs from 904 mln dlrs.
+    Economists in Hong Kong told Reuters that China's controls
+on scarce foreign currency hurt its imports of Taiwanese
+consumer goods, such as electric fans and television sets.
+    Herbal medicine and textiles were among China's chief
+exports to Taiwan.
+    Taiwan does not allow direct trade with China and indirect
+trade is routed mainly through Hong Kong.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11890" NEWID="6977">
+<DATE>19-MAR-1987 04:49:32.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0235&#31;reute
+u f BC-SOUTH-KOREA'S-LUCKY-G   03-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA'S LUCKY-GOLDSTAR TO MAKE CANON CAMERAS</TITLE>
+<DATELINE>    SEOUL, March 19 - </DATELINE><BODY>&lt;Goldstar Precision Co Ltd>, part of
+South Korea's &lt;Lucky-Goldstar Group>, agreed with Japan's Canon
+Inc &lt;CANN.T> to make cameras using Canon technology, a Goldstar
+spokesman told reporters.
+    He told reporters Goldstar will invest 25 billion won over
+the next five years and would pay Canon three pct of total
+sales, which are targetted at eight billion won this year, 25
+to 30 billion next year and 76 billion in 1991, as royalties.
+    Most of Goldstar's output, due to start in July, will be
+sold in South Korea, he said.
+    However, the Goldstar spokesman said, Canon has agreed in
+principle to buy an unspecified number of cameras for resale in
+Japan under its own name, he said, without providing further
+details.
+    In Tokyo, a Canon spokesman said that under the agreement
+Canon would sell facilities, components and technology worth
+1.5 billion yen to Goldstar in calendar 1987 and 3.5 billion in
+1988, he said.
+    He said Goldstar plans to make 35-mm single-lens reflex
+cameras and 35-mm compact cameras at an annual rate of 70,000
+in 1987 and 200,000 in 1988.
+    The camera market in South Korea is expected to expand
+rapidly ahead of the 1988 Olympic Games scheduled to be held
+there, the Canon spokesman said.
+    South Korean camera demand rose to 700,000 in 1986 from
+640,000 in 1985. Cameras made with foreign assistance accounted
+for 65 pct of cameras sold in South Korea, he said.
+    Minolta Camera Co Ltd &lt;MNLT.T>, &lt;Asahi Optical Co Ltd> and
+Nippon Kogaku KK &lt;GAKU.T> already assemble 35-mm cameras with
+South Korean partners.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11891" NEWID="6978">
+<DATE>19-MAR-1987 04:52:03.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0243&#31;reute
+u f BC-FUJI-BANK-ACCUSED-OF   03-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUJI BANK ACCUSED OF MISUSE OF TAX FREE RESERVES</TITLE>
+<DATELINE>    TOKYO, March 19 - </DATELINE><BODY>The Tokyo Regional Taxation Bureau has
+imposed a penalty tax on &lt;Fuji Bank Ltd> for alleged improper
+use of tax-free reserves, a bank spokeswoman told Reuters.
+    She declined to reveal the bank's planned response but
+another bank official said it has not paid the penalty.
+    The bank said in a brief statement it believes that its use
+of the tax-free reserves is legal.
+    Financial institutions can set aside 0.003 pct of their
+risky loans as tax-free reserves. Fuji said a difference of
+understanding exists between the bank and the tax bureau
+regarding the use of tax-free reserves. It did not elaborate.
+    Fuji Bank reported a 72.1 billion yen net profit in the
+1985/86 year. Lending totaled 16,120 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11892" NEWID="6979">
+<DATE>19-MAR-1987 04:56:49.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>north-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0245&#31;reute
+u f BC-NORTH-KOREA-WELCOMES   03-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH KOREA WELCOMES CONTACT WITH U.S. DIPLOMATS</TITLE>
+<DATELINE>    PEKING, March 19 - </DATELINE><BODY>North Korea said it welcomed new
+contacts between Korean and U.S. Diplomats and would impose no
+restrictions on them, the New China News Agency reported from
+Pyongyang.
+    A North Korean Foreign Ministry statement said it hoped
+diplomatic contact would help "promote sincere conversations
+with goodwill and broad-mindedness," the agency said.
+    The United States on March 9 lifted its ban on its
+diplomats speaking with North Korean diplomats on neutral
+territory.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11893" NEWID="6980">
+<DATE>19-MAR-1987 04:59:32.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0248&#31;reute
+u f BC-KOREA-EUROPE-FUND-SEE   03-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOREA EUROPE FUND SEEN LIKELY TO BE SUCCESS</TITLE>
+<AUTHOR>    By Lee Su-wan, Reuters</AUTHOR>
+<DATELINE>    SEOUL, March 19 - </DATELINE><BODY>The 30 mln dlr closed-end Korea Europe
+Fund to be listed in London early next month will likely prove
+as successful as the New York-based 100 mln dlr Korea Fund,
+according to most securities analysts polled by Reuters here.
+    The paid-in capital of the Korea Fund was 60 mln dlrs when
+it was listed on the New York Stock Exchange in September 1984
+and increased to 100 mln dlrs in June last year.
+    The fund's net assets totalled 154 mln dlrs at the end of
+last year.
+    "Its (Korea Fund) runaway success was mainly due to steep
+price gains on the Korea Stock Exchange ...," said Park Sin-bom,
+a director of Lucky Securities Co. "The Europe Fund is certain
+to benefit from this booming but closed market."
+    The South Korean stock market soared last year with the
+composite index, a weighted average of 355 listed shares,
+rising 68.9 pct. This week the index passed the 360 level for
+the first time after starting the New Year on 264.82.
+    Dealers have said prices would continue to gain this year
+in view of good prospects for the economy and an expected
+partial opening of the market to direct foreign investment.
+    However, some analysts are concerned about potential risks
+such as South Korea's unstable domestic politics and the lack
+of market sophistication.
+    Despite the doubts, the new fund is attracting offers in
+London and shares are trading at a premium of 40 to 60 pct over
+their 10 dlr issue price, said officials of Ssangyong
+Investment Company, one co-lead managers.
+    The offer is co-lead managed by Baring Brothers and Co Ltd
+of Britain and underwritten by 44 international banks and
+institutional investors, including eight South Korean
+securities firms.
+    A foreign securities analyst told Reuters the South Korean
+securities firms underwiting the issue were "greedily asking for
+high premiums" in reponse to big demand.
+    The portfolio will be managed on the London Stock Exchange
+by Korea Schroder Fund Management Ltd, a joint venture between
+&lt;Schroders Plc> of Britain and four South Korean securities
+houses.
+    At the moment, foreigners can only invest in the local
+market indirectly through five locally-run trusts worth a total
+of 140 mln dlrs, and the Korea Fund in New York.
+    But the government is expected to announce guidelines for
+direct outside investment on the market by October, when
+foreigners holding convertible bonds issued by &lt;Samsung
+Electronics Co Ltd> will have the option to trade them for
+shares.
+    Samsung issued 20 mln dlrs worth of convertible bonds in
+December 1985, the first of three South Korean firms so far to
+take the step.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11894" NEWID="6981">
+<DATE>19-MAR-1987 05:08:15.05</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0265&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   03-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST AT 450 MLN STG</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The Bank of England said it forecast a
+shortage of around 450 mln stg in the money market today.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and the take-up of treasury bills will drain
+some 650 mln stg while a rise in note circulation will take out
+around 30 mln stg.
+    Partly offsetting these outflows, bankers' balances above
+target and exchequer transactions will add some 200 mln stg and
+35 mln stg to the system respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11895" NEWID="6982">
+<DATE>19-MAR-1987 05:13:31.75</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0273&#31;reute
+r f BC-BRAZILIAN-MONTHLY-INF   03-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN MONTHLY INFLATION DIPS SLIGHTLY</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 19 - </DATELINE><BODY>Brazilian consumer prices rose
+13.9 pct in February, compared with January's record rate of
+16.8 pct, the Brazilian Geography and Statistics Institute
+(IBGE) said in a statement.
+    The February rise brought the increase in consumer prices
+since the introduction of the anti-inflation Cruzado Plan a
+year ago to 62.5 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11896" NEWID="6983">
+<DATE>19-MAR-1987 05:15:06.25</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0275&#31;reute
+f f BC-******   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German net currency reserves fall 5.4 billion marks to 81.7 billion - Bundesbank
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11897" NEWID="6984">
+<DATE>19-MAR-1987 05:15:15.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0276&#31;reute
+b f BC-ROYAL-INSURANCE-ISSUE   03-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL INSURANCE ISSUES 300 MLN MARK EUROBOND</TITLE>
+<DATELINE>    FRANKFURT, March 19 - </DATELINE><BODY>A Royal Insurance Plc unit is raising
+300 mln marks via a five-year bullet eurobond with a 5-1/2 pct
+coupon, priced at par, sole lead manager Commerzbank AG said.
+    The bond, for Royal Insurance Finance NV, is guaranteed by
+the parent. Investors will pay for the bond on April 9, and the
+bond pays annual interest on the same day. It matures on the
+same day in 1992. Fees total two pct, with 1-1/4 points for
+selling, and 3/8 each for management and underwriting.
+    Listing is in Frankfurt. The bond will be issued in
+denominations of 1,000 and 10,000 marks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11898" NEWID="6985">
+<DATE>19-MAR-1987 05:15:24.08</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>japan</D><D>north-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0277&#31;reute
+u f BC-NORTH-KOREA-TO-RESURR   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH KOREA TO RESURRECT GOLD MINE TO REPAY DEBT</TITLE>
+<DATELINE>    TOKYO, March 19 - </DATELINE><BODY>Pyongyang and a group of Tokyo-based
+North Korean businessmen plan to resurrect a North Korean
+goldmine and boost annual output to almost one tonne within two
+years from 600 pounds at present, said Li Sangsu, a spokesman
+for &lt;Unzan Mine Development Co>, the venture partner.
+    Work will begin on April 3 and the company aims to increase
+output to 10 tonnes within a decade to pay off Pyongyang's 70
+billion yen debt to 30 Japanese companies, Li added.
+    "We expect this mine to be worth about 2,000 billion yen in
+gold deposits," he said.
+    The mine, started in 1896 by a U.S. Company, is one of six
+or seven virtually untapped mines in the Unzan area, 94 miles
+north of Pyongyang, Li said.
+    Li said modern equipment and advanced technology would
+increase yields. "Up to now, the mining was done with antiquated
+methods and basic equipment."
+    The gold mine scheme is the latest in a series of moves by
+North Korea to clear its debts to Japanese creditors.
+    Earlier this year, Pyongyang tried and failed to pay off
+part of its debt with several tonnes of fish.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11899" NEWID="6986">
+<DATE>19-MAR-1987 05:15:41.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0280&#31;reute
+f f BC-Legal-and-General-Gro   03-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Legal and General Group 1986 pre-tax profit 83.2 mln stg vs 31.5 mln.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11900" NEWID="6987">
+<DATE>19-MAR-1987 05:18:39.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D><D>uk</D><D>france</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0283&#31;reute
+u f BC-GATT-AIRCRAFT-COMMITT   03-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT AIRCRAFT COMMITTEE TO DISCUSS AIRBUS SUBSIDIES</TITLE>
+<DATELINE>    GENEVA, March 19 - </DATELINE><BODY>The United States will press its case
+that the European Airbus airliner is unfairly subsidized at a
+special two-day session of the GATT civil aircraft committee
+opening today, trade officials said.
+    Washington has called for the meeting of the 20-nation
+committee to pursue a long-running dispute with the European
+Airbus consortium.
+    It has charged that the Airbus consortium is unfairly
+subsidized by Britain, France and West Germany, arguing the
+subsidies amount to unfair competition to its aircraft
+industry, including Boeing and McDonnell-Douglas.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11901" NEWID="6988">
+<DATE>19-MAR-1987 05:22:52.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0293&#31;reute
+f f BC-DRG-Plc-issues-40-mln   03-19 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> DRG Plc issues 40 mln stg convertible bond due 2002, ind coupon 6 to 6-1/4 pct - lead Baring
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11902" NEWID="6989">
+<DATE>19-MAR-1987 05:26:36.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0298&#31;reute
+u f BC-SAUDIS-CONCLUDE-STUDY   03-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDIS CONCLUDE STUDY ON SUBMARINE PURCHASES</TITLE>
+<DATELINE>    RIYADH, March 19 - </DATELINE><BODY>Saudi Arabia's Defence and Aviation
+Minister was quoted as saying the kingdom had completed studies
+on the purchase of submarines, and tenders would be invited to
+supply the vessels.
+    The daily al-Riyadh reported Prince Sultan ibn Abdulaziz as
+saying: "A thorough study by the Ministry on the submarines has
+been completed and it is probable King Fahd will announce the
+party with which the kingdom will deal to buy them."
+    He gave no further details.
+    The London-based magazine Jane's Defence Weekly said last
+October the Saudi government had approached six European
+countries to supply between six and eight submarines at a cost
+of up to 2.9 billion dlrs.
+    It said Britain was expected to offer the Upholder
+submarine, made by Vickers Plc &lt;VICK.L> and designed mainly for
+NATO. France, West Germany, Italy, Sweden and The Netherlands
+were also submitting proposals.
+    British Defence Secretary George Younger said during a
+visit to Saudi Arabia last month that the kingdom was
+evaluating all proposals.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11903" NEWID="6990">
+<DATE>19-MAR-1987 05:28:52.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0304&#31;reute
+u f BC-DAIMLER-DISMISSES-CUR   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAIMLER DISMISSES CURRENCY SPECULATION</TITLE>
+<DATELINE>    FRANKFURT, March 19 - </DATELINE><BODY>A spokesman for Daimler-Benz AG
+&lt;DAIG.F> said that rumours the car-maker was suffering from
+currency difficulties were "absolute rubbish."
+    Like all major exporters Daimler undertakes currency
+hedging but has no problems here, according to the spokesman,
+contacted by telephone in Stuttgart.
+    Daimler shares fell 17 marks yesterday in Frankfurt to a
+year's low of 896 on the rumours and was quoted in pre-bourse
+trading today around 890.
+    A week ago Volkswagen AG &lt;VOWG.F> said it may have lost 480
+mln marks on fraudulent currency hedging deals.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11904" NEWID="6991">
+<DATE>19-MAR-1987 05:29:21.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0305&#31;reute
+b f BC-VOLVO-ISSUES-70-BILLI   03-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLVO ISSUES 70 BILLION EUROLIRE BOND</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>AB Volvo is issuing a 70 billion
+eurolire bond due May 31, 1990 paying 10-1/8 pct and priced at
+100-1/2 pct, lead manager Banca Commerciale Italiana said.
+    The bond is available in denominations of two mln lire and
+will be listed in London.
+    Fees comprise 7/8 pct selling concession with 1/2 pct for
+management and underwriting combined.
+    Payment date is April 24 and there will be a long first
+coupon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11905" NEWID="6992">
+<DATE>19-MAR-1987 05:37:57.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0314&#31;reute
+b f BC-DRG-ISSUES-40-MLN-STG   03-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRG ISSUES 40 MLN STG CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>DRG Plc &lt;DRGL.L> is issuing a 40 mln stg
+convertible eurobond due September 30, 2002 with an indicated
+coupon of six to 6-1/4 pct and priced at par, lead manager
+Baring Brothers and Co Ltd said.
+    Pricing will take place on March 26 with conversion set at
+a premium of 10 to 15 pct over the closing price on that day.
+    Fees of 2-1/2 pct comprise 1-1/2 pct for selling and one
+pct for management and underwriting combined. The bonds will be
+issued in denominations of 1,000 stg and will be listed in
+London. The pay date is April 30 with a short first coupon.
+    J. Henry Schroder Wagg and Co Ltd is co-lead.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11906" NEWID="6993">
+<DATE>19-MAR-1987 05:38:11.17</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0315&#31;reute
+u f BC-CARGILL-U.K.-STRIKE-T   03-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARGILL U.K. STRIKE TALKS TO RESUME TUESDAY</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Three consecutive days of talks between
+management and unions aimed at ending the three month old
+strike at Cargill U.K. Ltd's oilseed processing plant at
+Seaforth, ended yesterday without resolving the situation,
+although some progress was made, a company spokesman said.
+    Fresh talks have been scheduled for next Tuesday, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11907" NEWID="6994">
+<DATE>19-MAR-1987 05:50:50.58</DATE>
+<TOPICS><D>veg-oil</D><D>soy-oil</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0333&#31;reute
+u f BC-EC-FARM-LOBBIES-BACK   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FARM LOBBIES BACK OILS AND FATS "TAX" PLAN</TITLE>
+<DATELINE>    BRUSSELS, March 19 - </DATELINE><BODY>The European Community (EC) farmers'
+and farm cooperatives lobbies, Copa and Cogeca, have backed the
+EC Commission plan for an oils and fats price stabilisation
+mechanism, claiming it would not harm consumers.
+    In a letter to Belgian Foreign Minister Leo Tindemans,
+current president of the EC Council of Ministers, they said the
+mechanism, often referred to as a tax, would in fact subsidise
+oils and fats prices in the EC under some circumstances.
+    This would have been the case in May 1984, when soya oil
+prices cif Rotterdam stood at 914 dlrs a tonne, they noted.
+    If such price stabilisation is not implemented, EC farmers
+should not be the ones to suffer through their prices and
+incomes from the financial consequences, the letter, made
+available to journalists, said.
+    Under the Commission proposal the mechanism would initially
+result in a tax of 330 Ecus a tonne on both imported and EC
+produced oils and marine fats.
+    The mechanism would provide for this tax to be reduced, and
+possibly to become a subsidy, as world soya oil prices rose
+from present levels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11908" NEWID="6995">
+<DATE>19-MAR-1987 05:56:32.30</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0335&#31;reute
+b f BC-OECD-EUROPE-ZINC-STOC   03-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD EUROPE ZINC STOCKS RISE IN JANUARY</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Producers zinc stocks in Organization
+for Economic Co-operation and Development (OECD) European
+countries rose to 159,732 tonnes in January from 151,171 in
+December and 127,725 in January 1986, latest International Lead
+and Zinc Study Group (ILZSG) figures show. Other figures were -
+                      JAN'87  DEC'86   JAN'86
+ Refined production   155,980 164,243 166,968
+ Refined deliveries   131,910 122,364 136,727
+ Mine output (metal
+ content)              77,120 70,560  81,356
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11909" NEWID="6996">
+<DATE>19-MAR-1987 06:03:28.02</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0342&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - SAUDI ARABIA RESHAPES ECONOMY</TITLE>
+<AUTHOR>    By Stephen Jukes, Reuters</AUTHOR>
+<DATELINE>    RIYADH, March 19 - </DATELINE><BODY>Higher world oil prices, coupled with a
+new realism ushered in by austerity, could lift Saudi Arabia's
+economy after five years of falling revenue and growing budget
+deficits, bankers and diplomats said.
+    The months ahead will prove critical as the government
+attempts a balancing act between defending higher oil prices
+and fostering recovery through a bigger role for the private
+sector.
+    Economists said oil earnings could recover this year to
+about 20 billion dlrs and nominal gross domestic product could
+grow by about three pct, the first rise since 1982.
+    But the economists said this will be possible only if the
+Organisation of Petroleum Exporting Countries (OPEC) succeeds
+in defending world oil prices and if Saudi Arabia is not forced
+to curtail output for too long.
+    Saudi Arabia is now keeping production down to defend
+OPEC's newly-established 18 dlr a barrel benchmark price.
+    Oil Minister Hisham Nazer told Reuters output is running at
+about three mln barrels per day (bpd), well down on Saudi
+Arabia's OPEC quota of 4.13 mln set for the first half of 1987.
+    King Fahd has stamped his personal authority on OPEC's
+new-found determination to defend prices in a move Western
+diplomats believe underlines the kingdom's need to secure a
+stable source of income for its economy.
+    Saudi Arabia, still the world's largest oil exporter, is a
+hugely wealthy country. But the past five years of declining
+revenue have taken their toll. Economists estimate gross
+domestic product fell 10 pct last year and 8.6 pct in 1985.
+    Oil revenue last year, when prices briefly dipped below 10
+dlrs per barrel, probably totalled no more than 17.5 billion
+dlrs, compared to a peak 101.8 billion in 1981.
+    "Austerity is still the watchword, but Saudi Arabia will not
+be allowed to dip further into recession ... The Saudis can
+afford to draw down reserves temporarily to offset the worst
+effects," a diplomat said.
+    In the short-term, the kingdom can lessen the impact of
+lower oil revenues and a gaping budget deficit by drawing on
+foreign reserves, still put at around 100 billion dlrs.
+    But such a policy cannot be pursued indefinitely. Bankers
+and diplomats said it would amount to fiscal recklessness in
+the longer term.
+    It also increases the dominance of the public sector at a
+time when the government is publicly urging private enterprise
+to take over the lead role in the economy.
+    Bankers and diplomats said the government is well aware of
+the risks attached to this policy but is determined to "tough it
+out" on the oil front even if that means a short-term depletion
+of reserves.
+    The 1987 budget deficit is targetted at a huge 52.7 billion
+riyals or 31 pct of total outlay. The budget explicitly
+recognises the need to draw down reserves while foreign
+borrowing has been ruled out.
+    Commerce Minister Suleiman Abdulaziz al-Salim told Saudi
+businessmen this week the government had carefully considered
+the need to stimulate the economy when drawing up its budget
+plans late last year.
+    "It therefore took the bold step of withdrawing more than 50
+billion riyals from its reserves and pumping it into the
+economy," he said.
+    Reserves were built up during the late 1970's and early
+1980's when Saudi Arabia's breakneck pace of construction and
+tales of high spending became legendary.
+    The shrinking economy has wrought huge changes in the
+fabric of the Kingdom's private sector where poor management
+had gone unpunished in the easy days of the oil boom.
+    Modern techniques of cost control have been introduced,
+markets expanded and outsized labour forces and inventories cut
+back. The expatriate workforce has fallen sharply.
+    The number of new bankruptcies appears to be declining but
+Saudi banks, hit hard by non-performing loans to the corporate
+sector, have become highly selective in extending new credit.
+    Government moves to encourage lending and investigate
+company complaints about late public sector contract payments
+could boost confidence but recession has slowed the nation's
+industrialisation program and discouraged foreign investment.
+    Private wealth is still very high and banks report more and
+more cash being placed on deposit.
+    As Saudi Arabia attempts to shift the weight of economic
+development from the public to the private sector, one of the
+biggest tasks will be to convince businessmen to channel
+personal savings into industrial projects within the kingdom
+and refrain from the temptation to invest abroad.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11910" NEWID="6997">
+<DATE>19-MAR-1987 06:08:41.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0347&#31;reute
+f f BC-BANK-OF-FRANCE-SELLS   03-19 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF FRANCE SELLS 1.6 BILLION FRANCS OF CAISSE DE REFINANCEMENT HYPOTHECAIRE TAP STOCK - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11911" NEWID="6998">
+<DATE>19-MAR-1987 06:10:02.84</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0348&#31;reute
+u f BC-EC-SUGAR-TENDER-SEEN   03-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SUGAR TENDER SEEN AS CONCESSION TO PRODUCERS</TITLE>
+<DATELINE>    BRUSSELS, March 19 - </DATELINE><BODY>The rebate granted at yesterday's EC
+sugar tender represents some concession to producers'
+complaints that they are losing money on exports outside the
+bloc, EC Commission officials said.
+    The maximum rebate of 44.819 European currency units (Ecus)
+per 100 kilos was 1.3 Ecus below what producers say is needed
+to obtain the equivalent price to that offered for sales into
+intervention.
+    The rebate at last week's tender was 2.5 Ecus per 100 kilos
+short of the level producers said was needed, the officials
+said.
+    The officials said the Commission is not negotiating with
+producers who have offered a total of 854,000 tonnes of sugar
+for sale into intervention in an apparent attempt to persuade
+it to offer higher rebates.
+    They said the French and German producers involved are now
+unable to withdraw this offer before April 1 when the sugar
+will officially enter intervention stores.
+    Payment for it is due five weeks later, and it will be open
+to them to withdraw their offers at any time between April 1
+and the official payment date when the Commission officially
+takes ownership of the sugar, the officials said.
+    The officials said if the Commission has to buy the sugar,
+it is determined to immediately resell it, a move which would
+drive down market prices further.
+    They expressed some hope that the operators would not
+eventually go through with their plan for intervention sales.
+    "We think they realise they have gone too far," one official
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11912" NEWID="6999">
+<DATE>19-MAR-1987 06:10:34.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0349&#31;reute
+b f BC-JOHN-FAIRFAX-LTD-&lt;FFX   03-19 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHN FAIRFAX LTD &lt;FFXA.S> FIRST HALF</TITLE>
+<DATELINE>    SYDNEY, March 19 - </DATELINE><BODY>26 weeks ended Dec 28
+    Net shr 25.9 cents vs 28.2
+    Int div 5.5 cents vs 5.0
+    Pre-tax 48.30 mln dlrs vs 44.29 mln
+    Net 25.94 mln vs 25.35 mln
+    Turnover 453.28 mln vs 407.35 mln
+    Other income 4.48 mln vs 3.18 mln
+    Shrs 100 mln vs 90 mln.
+    NOTE - Div pay May 8. Reg April 14.
+    Net is after tax 22.09 mln dlrs vs 18.60 mln, interest
+11.60 mln vs 13.92 mln, depreciation 8.52 mln vs 7.06 mln and
+minorities 267,000 vs 346,000 but before net extraordinary
+profit 89.32 rpt 89.32 mln dlrs vs nil.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11913" NEWID="7000">
+<DATE>19-MAR-1987 06:16:04.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0361&#31;reute
+f f BC-Britoil-Plc-1986-pre-   03-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Britoil Plc 1986 pre-tax profit 134 mln stg vs 759 mln.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-007.sgm b/textClassication/reuters21578/reut2-007.sgm
new file mode 100644
index 0000000..f73a1a0
--- /dev/null
+++ b/textClassication/reuters21578/reut2-007.sgm
@@ -0,0 +1,31418 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11914" NEWID="7001">
+<DATE>19-MAR-1987 06:17:22.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0363&#31;reute
+u f BC-FAIRFAX-SAYS-HIGHER-T   03-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAIRFAX SAYS HIGHER TAX HITS FIRST HALF EARNINGS</TITLE>
+<DATELINE>    SYDNEY, March 19 - </DATELINE><BODY>Media group John Fairfax Ltd &lt;FFXA.S>
+said that its flat first half net profit partly reflected the
+impact of changes in the Australian tax system.
+    Fairfax earlier reported net earnings edged up 2.3 pct to
+25.94 mln dlrs in the 26 weeks ended December 28 from 25.35 mln
+a year earlier although pre-tax profit rose 9.1 pct to 48.30
+mln from 44.29 mln.
+    Net would have risen 10.1 pct but for the increase in
+company tax to 49 pct from 46 and the imposition of the tax on
+fringe benefits, paid by employers and not the recipients, the
+company said in a statement.
+    Fairfax also pointed to the cyclical downturn in revenue
+growth in the television industry as another reason for the
+flat first half earnings.
+    It said it considered the result satisfactory in view of
+these factors.
+    Fairfax said its flagship dailies, The Sydney Morning
+Herald and the Melbourne Age, boosted advertising volume, as
+did the Australian Financial Review, and posted extremely
+satisfactory performances. Magazines also performed strongly.
+    But an 8.9 pct rise in television costs outweighed a 4.0
+pct rise in revenue, it said.
+    Fairfax said a fall in net interest also contributed to net
+earnings because group borrowings were reduced following the
+receipt of a 96.11 mln dlr capital dividend from &lt;Australian
+Associated Press Pty Ltd> (AAP) after the sale of AAP's "B"
+shares in Reuters Holdings Plc &lt;RTRS.L>.
+    This accounted for the 89.32 mln dlr extraordinary profit.
+    Fairfax said it is too early to predict results for the
+full year. Increased borrowings after the recent 320 mln dlr
+acquisition of the HSV-Seven television station in Melbourne
+will hit earnings but networking with the Channel Sevens in
+Sydney and Brisbane will produce some offsetting cost savings.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11915" NEWID="7002">
+<DATE>19-MAR-1987 06:20:33.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0367&#31;reute
+b f BC-BANK-OF-FRANCE-SELLS   03-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE SELLS 1.6 BILLION FRANCS CRH TAP</TITLE>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>The Bank of France sold 1.6 billion
+francs of 8.50 pct March 1987/99 Caisse de Refinancement
+Hypothecaire (CRH) state-guaranteed tap stock at an auction,
+the Bank said.
+    Demand totalled 6.82 billion francs and prices bid ranged
+from 93.50 to 96.60 pct. The minimum accepted price was 95.50
+pct with a 9.13 pct yield, while the average price was 95.69.
+    At the last auction on February 19, two billion francs of
+CRH tap stock was sold at a minimum price of 91.50 pct and
+yield of 9.73 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11916" NEWID="7003">
+<DATE>19-MAR-1987 06:21:45.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0370&#31;reute
+b f BC-BRITOIL-PLC-&lt;BTOL.L>   03-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITOIL PLC &lt;BTOL.L> 1986 YR</TITLE>
+<DATELINE>    LONDON, March 19 -
+    </DATELINE><BODY>Shr 6.56p vs 50.31p
+    Final div 6p, making 8p vs 13p.
+    Pre-tax profit 134 mln stg vs 759 mln.
+    Net profit 33 mln vs 253 mln.
+    Turnover 978 mln stg vs 1.80 billion.
+    Extraordinary debit 50 mln vs nil.
+    Operating profit 149 mln stg vs 756 mln.
+    Exceptional debit on rationalisation programme 12 mln vs
+nil
+    Petroleum Revenue Taxes 77 mln vs 319 mln,
+    U.K. Corporation tax and overseas tax 24 mln vs 187 mln,
+    Note - The net effect of accounting changes in 1986 was to
+reduce after tax profits by 47 mln stg. Retained earnings for
+prior years were increased by 209 mln.
+    Extraordinary debit of 50 mln stg related to the decision
+to seek a buyer for the company's U.S. Assets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11917" NEWID="7004">
+<DATE>19-MAR-1987 06:29:47.46</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0389&#31;reute
+f f BC-(EMBARGOED-FOR-RELEAS   03-19 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+    (EMBARGOED FOR RELEASE AT 1130 GMT THURS MARCH 19) ******UK
+FEB ADJUSTED UNEMPLOYMENT FELL 44,100 TOTAL 3.07 MLN OR 11.1
+PCT - OFFICIAL
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11918" NEWID="7005">
+<DATE>19-MAR-1987 06:31:34.81</DATE>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0391&#31;reute
+f f BC-UK-UNIT-WAGE/LABOUR-C   03-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UK UNIT WAGE/LABOUR COSTS ROSE 3.3 PCT IN THREE MONTHS ENDING JAN - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11919" NEWID="7006">
+<DATE>19-MAR-1987 06:32:16.74</DATE>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0392&#31;reute
+f f BC-UK-AVERAGE-EARNINGS-R   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UK AVERAGE EARNINGS ROSE 7.6 PCT IN JANUARY, UNDERLYING RISE 7.5 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11920" NEWID="7007">
+<DATE>19-MAR-1987 06:32:22.15</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0393&#31;reute
+f f BC-U.K.-FEBRUARY-ADJUSTE   03-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. FEBRUARY ADJUSTED STERLING M3 RISES 2-1/4 PCT, M0 DOWN 3/4 TO ONE PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11921" NEWID="7008">
+<DATE>19-MAR-1987 06:32:48.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0394&#31;reute
+u f BC-LEGAL-AND-GENERAL-GRO   03-19 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEGAL AND GENERAL GROUP PLC YEAR 1986</TITLE>
+<DATELINE>    LONDON, March 19 -
+    </DATELINE><BODY>Shr 14.58p vs 7.86p
+    Div 6.5p making 9.75p, an increase of 19.4 pct
+    Pretax profit 83.2 mln stg vs 31.5 mln
+    Net after tax 68.6 mln stg vs 37.7 mln
+    Pretax profit 83.2 mln stg vs 31.5
+mln, consists of -
+    Long term business 45.9 mln stg vs 43.8 mln
+    U.S. Long term business 6.2 mln vs 8.9 mln
+    Fund management 4.7 mln vs 6.5 mln
+    Short term business 4.7 mln vs loss 29.0 mln
+    Associate companies 0.9 mln vs 0.8 mln
+    Shareholders other income and outgoings 0.4 mln debit vs
+0.5 mln credit
+    Exceptional long-term business profit 21.4 mln vs nil
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11922" NEWID="7009">
+<DATE>19-MAR-1987 06:33:49.51</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0397&#31;reute
+f f BC-FEB-STERLING-BANK-LEN   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FEB STERLING BANK LENDING UP 2.9 BILLION STG AFTER 1.75 RISE IN JAN - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11923" NEWID="7010">
+<DATE>19-MAR-1987 06:33:54.42</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0398&#31;reute
+f f BC-UK-FEB-ADJUSTED-UNEMP   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UK FEB ADJUSTED UNEMPLOYMENT FELL 44,100 TOTAL 3.07 MLN OR 11.1 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11924" NEWID="7011">
+<DATE>19-MAR-1987 06:34:43.33</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0399&#31;reute
+u f BC-JAPAN-TO-ASK-CHIP-MAK   03-19 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO ASK CHIP MAKERS TO SLASH OUTPUT FURTHER</TITLE>
+<DATELINE>    TOKYO, March 19 - </DATELINE><BODY>The Ministry of International Trade and
+Industry will ask Japanese computer microchip makers to further
+slash output in the second quarter in an effort to save its
+semiconductor pact with the United States, MITI officials said.
+    The United States has accused Japan of reneging on the
+semiconductor pact by failing to stop the flow of cut-price
+Japanese chips to Asian markets. Washington has threatened to
+take retaliatory action after April 1.
+    The pact, agreed last year, calls on Japan to stop selling
+cut-price chips in world markets and to increase its imports of
+American chips to reduce some of its huge trade surplus.
+    MITI, anxious to salvage the bilateral agreement, has been
+pressing chip makers to limit production in the hope that will
+boost domestic chip prices and reduce the incentive to export.
+    Last month, the ministry asked Japanese chip makers to
+reduce first quarter output by 10 pct. To meet that request,
+they had to slash production by 20 pct over the final six weeks
+of the first quarter.
+    If that reduced production level were maintained through to
+the end of June, second quarter output would come in 10 pct
+below that of the first three months of the year.
+    MITI officials, who declined to be identified, said the
+ministry has not yet decided on the extent of the second
+quarter cutback.
+    One said that Japanese chip makers are losing ground in
+Asia to South Korean and U.S. Competition just as markets there
+are picking up.
+    MITI has been criticized privately by some Japanese
+semiconductor makers for what they see as heavy-handed attempts
+to ensure the success of the Japan/U.S. Chip pact.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11925" NEWID="7012">
+<DATE>19-MAR-1987 06:39:15.19</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0402&#31;reute
+b f BC-U.K.-CLEARING-BANK-LE   03-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. CLEARING BANK LENDING RISES 1.6 BILLION STG</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Clearing bank sterling lending to the
+U.K. Private sector in February is estimated to have risen by
+an underlying, seasonally-adjusted 1.6 billion stg after a 1.2
+billion stg rise in January, the Banking Information Service
+said.
+    The unadjusted rise was 1.31 billion stg, compared with an
+813 mln stg increase in January.
+    The Banking Information Service said the adjusted rise of
+1.6 billion stg was well above the recent monthly average of
+about 1.0 billion stg.
+    Of the increase, 297 mln stg was accounted for by personal
+lending, which the Banking Information Service said was taken
+up entirely by lending for home purchases.
+    Lending for consumption fell around 17 mln stg while about
+182 mln stg of credit card debt was repaid during the month.
+    Lending to the manufacturing industry was up 370 mln stg,
+and to leasing companies by 308 mln stg.
+    The Banking Information Service said February fell within
+the governmemnt tax season, so much of the lending was probably
+the result of industry's need to pay its tax bills.
+    Deposits by the private sector rose an unadjusted 1.1
+billion stg in February and by a seasonally-adjusted 1.75
+billion stg.
+    Deposits from the public sector rose 185 mln stg in
+February while deposits from overseas residents rose by 43 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11926" NEWID="7013">
+<DATE>19-MAR-1987 06:43:04.94</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0410&#31;reute
+b f BC-U.K.-UNEMPLOYMENT-FAL   03-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. UNEMPLOYMENT FALLS IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Unemployment in the U.K. Fell a
+provisional seasonally-adjusted 44,100 in February, to total
+3.07 mln or 11.1 pct of the workforce, the Employment
+Department said.
+    In January, seasonally adjusted unemployment fell by a
+revised 1,100 to 11.3 pct, it said. Initially the January
+position was reported as flat.
+    The unadjusted jobless total, including school leavers,
+fell to 3.23 mln, or 11.7 pct, from 3.30 mln, 11.9 pct, in
+January.
+    February was the seventh successive month that seasonally
+adjusted unemployment registered a fall.
+    It was at a peak of 11.7 pct last summer.
+    Lord Young, the Employment Minister, said there appeared
+little doubt the monthly fall, which has been running at about
+20,000, will continue.
+    A Department spokesman said the sharp fall in February
+reflected some compensation for the flat figure in January and
+continued the downward trend seen in the past six months.
+    He said the February fall was spread throughout the country
+and among men and women.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11927" NEWID="7014">
+<DATE>19-MAR-1987 06:47:26.22</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0415&#31;reute
+b f BC-STERLING-M3-UP-2-1/4   03-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING M3 UP 2-1/4 PCT IN FEBRUARY, M0 DOWN</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The main measure of U.K. Broad money,
+sterling M3, grew a provisional, seasonally adjusted 2-1/4 pct
+in February after a rise of 1.1 pct in January, the Bank of
+England said.
+    The narrow measure, M0, fell a provisional adjusted 3/4 to
+one pct after a 0.6 pct drop in January, the Bank said.
+    Unadjusted annual growth in sterling M3 was 18-3/4 to 19
+pct in the 12 months to February against 17.6 pct in January
+while M0 rose four to 4-1/4 pct after a 5.2 pct rise in
+January.
+    Seasonally adjusted, sterling bank lending grew 2.9 billion
+stg after a January rise of 1.75 billion.
+    Of the unadjusted counterparts to sterling M3, bank lending
+to the private sector expanded 2.6 billion stg after a 1.4
+billion rise in January, the Bank said.
+    The public sector borrowing requirement (PSBR) contracted
+by 300 mln stg after a contraction of 3.7 billion stg in
+January.
+    Funding - debt sales to the non-bank private sector and
+external flows to the public sector - rose by 300 mln stg after
+a 1.5 billion stg rise in January. Of this, central government
+debt sales to the public sector were expansionary by 400 mln
+stg after a 1.3 billion expansion in January, the Bank said.
+    Other unadjusted counterparts to sterling M3 expanded by
+300 mln stg in February after an expansion of 1.3 billion stg
+in January, the Bank said.
+    Unadjusted figures showed a rise in sterling M3 by 1-3/4 to
+two pct in February after a drop of 0.8 pct in January.
+    On the same basis, the figures showed a drop of about 1-1/2
+pct in MO in February after a sharp 6-1/2 pct fall in January.
+    The Bank said it would publish full, final figures on March
+30.
+    The Bank said non-bank private sector holdings of public
+sector debt fell by about 400 mln stg in February while
+external flows to the public sector were about 100 mln stg.
+    Combined with a net PSBR repayment of about 300 mln stg,
+the public sector contribution to the growth in sterling M3 was
+therefore about flat, the Bank said.
+    It said seasonally adjusted bank lending, at about 2.9
+billion stg in February, compared with an average of about 2.6
+billion stg a month over the preceding six months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11928" NEWID="7015">
+<DATE>19-MAR-1987 06:53:56.15</DATE>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0418&#31;reute
+b f BC-U.K.-EARNINGS-RISE-7.   03-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. EARNINGS RISE 7.6 PCT IN YEAR TO JANUARY</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>U.K. Average earnings rose a seasonally
+adjusted 7.6 pct in the year to end-January after a 7.4 pct
+rise in the year to December, the Department of Employment
+said.
+    The underlying rise was 7.5 pct after 7.75 pct in December.
+    The January index, base 1980, was set at a provisional
+seasonally adjusted 190.4, down from 193.4 in December.
+    The underlying rise, adjusted for factors such as back-pay
+and timing variations, had been steady at 7.5 pct from October
+1985 to October 1986.
+    Unit wage costs in U.K. Manufacturing industry rose 3.3 pct
+in the three months to end January, on a year-on-year basis,
+after a 3.1 pct rise in the three months to end December, the
+Department of Employment said.
+    In January, the unit wage rise in manufacturing industries
+was 3.6 pct, unchanged from the December rise.
+    The Department said the decline in the underlying rate of
+rise in earnings reflected the reduced significance of bonus
+payments in January compared with December.
+    The actual increase reflected teacher pay settlements and
+industrial action in the transport and communications sectors
+in January 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11929" NEWID="7016">
+<DATE>19-MAR-1987 06:55:01.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0419&#31;reute
+b f BC-MEPC-ISSUES-PARTLY-PA   03-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEPC ISSUES PARTLY PAID EUROSTERLING BOND</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>U.K. Property company MEPC Plc is
+issuing a 75 mln stg eurobond due April 15, 2004 paying 9-7/8
+pct and priced at 99-5/8 pct, lead manager County Natwest
+Capital Markets said.
+    The bond is in partly paid form with 25 pct due on April 15
+and the remainder on July 15. It will be available in
+denominations of 1,000 and 10,000 stg and will be listed in
+London.
+    Fees comprise 1-1/2 pct selling concession and 1/2 pct each
+for management and underwriting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11930" NEWID="7017">
+<DATE>19-MAR-1987 07:01:20.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0426&#31;reute
+b f BC-NOMURA-INTERNATIONAL   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOMURA INTERNATIONAL FINANCE ISSUES EUROBOND</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Nomura International Finance Plc is
+issuing a 150 mln dlr eurobond due April 28, 1992 with a 7-1/4
+pct coupon and priced at 101-1/8 pct, Nomura International Ltd
+said as lead manager.
+    The transaction carries the guarantee of Nomura Securities.
+Bonds will be issued in denominations of 5,000 dlrs and will be
+listed in London. Payment date is April 27.
+    Fees comprise 5/8 pct for management and underwriting,
+including a 1/8 pct praecipuum, and 1-1/4 pct for selling.
+    Co-lead is Pru-Bache Securities. The issue is targeted at
+Europe, with no Japanese co-managers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11931" NEWID="7018">
+<DATE>19-MAR-1987 07:09:17.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0442&#31;reute
+r f BC-VOLVO-ISSUES-70-BILLI   03-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLVO ISSUES 70 BILLION EUROLIRE BOND</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>AB Volvo is issuing a 70 billion
+eurolire bond due May 31, 1990 paying 10-1/8 pct and priced at
+100-1/2 pct, lead manager Banca Commerciale Italiana said.
+    The bond is available in denominations of two mln lire and
+will be listed in London.
+    Fees comprise 7/8 pct selling concession with 1/2 pct for
+management and underwriting combined.
+    Payment date is April 24 and there will be a long first
+coupon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11932" NEWID="7019">
+<DATE>19-MAR-1987 07:13:37.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0450&#31;reute
+u f BC-STOLTENBERG-CONSIDERS   03-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG CONSIDERS RAISING SOME INDIRECT TAXES</TITLE>
+<DATELINE>    BONN, March 19 - </DATELINE><BODY>Finance Minister Gerhard Stoltenberg said
+he was looking for ways to help finance a planned tax reform
+without increasing value-added tax but could not rule out
+raising some indirect taxes, for example, on tobacco.
+    Stoltenberg also told parliament that closing tax loopholes
+would contribute towards the 19 billion marks the government is
+seeking to finance part of its 44 billion mark tax reform
+package for the 1990s.
+    He confirmed that a temporary and limited increase in the
+borrowing requirement was also being considered.
+    Chancellor Helmut Kohl yesterday said a temporary rise in
+borrowing was acceptable but stressed his government would
+exercise strict discipline in spending.
+    New net borrowing was 23.0 billion marks in 1986 compared
+with 37.2 billion in 1982.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11933" NEWID="7020">
+<DATE>19-MAR-1987 07:16:04.87</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0456&#31;reute
+b f BC-U.K.-MONEY-MARKET-SHO   03-19 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The Bank of England said it revised down
+its estimate of the deficit in the system today to 400 mln stg
+from 450 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11934" NEWID="7021">
+<DATE>19-MAR-1987 07:17:51.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0457&#31;reute
+u f BC-WESTLB-ISSUES-50-MLN   03-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTLB ISSUES 50 MLN AUSTRALIAN DLR EUROBOND</TITLE>
+<DATELINE>    FRANKFURT, March 19 - </DATELINE><BODY>A Westdeutsche Landesbank
+Girozentrale (WestLB) unit is raising 50 mln Australian dlrs
+through a five-year bullet eurobond with a 14-3/8 pct coupon
+and priced at 101-1/2, co-lead manager WestLB said.
+    The bond, for WestLB Finance N.V., Is guaranteed by the
+parent. Investors will pay for the bond on April 15, and the
+bond pays annual interest on the same day. It matures on that
+day in 1992. Fees total two pct, with 1-3/8 points for selling,
+and 5/8 for management and underwriting combined. There is a
+1/8 pct praecipuum. Listing is in Luxembourg.
+    Co-lead is Hambros Bank Ltd. Denomination is 1,000 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11935" NEWID="7022">
+<DATE>19-MAR-1987 07:21:25.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0462&#31;reute
+r f BC-DEBT-ECUADOR   03-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR SEEKS 450 MLN DLRS IN EMERGENCY CREDIT</TITLE>
+<AUTHOR>    By Jorge Aguirre, Reuters</AUTHOR>
+<DATELINE>    QUITO, March 18 - </DATELINE><BODY>Ecuador is seeking between 437 and 450
+mln dlrs in loans this year from multilateral organisations and
+foreign governments to grapple with economic losses from a
+devastating earthquake 13 days ago, a presidential economic
+adviser said.
+    Foreign governments and multilateral organisations hold
+one-third of Ecuador's 8.16 billion dlrs total foreign debt, he
+said in a news conference at the presidential palace.
+    But he added that the suspension of payments to private
+foreign banks, who hold the rest of the foreign debt, would be
+prolonged though the government hoped to negotiate an agreement
+with these creditors.
+    President Leon Febres Cordero says the earthquake cost the
+country one billion dlrs in losses and left 1,000 people dead
+or missing.
+    Swett, who was Finance Minister of Ecuador between August
+1984 to June 1986, added: "With the private foreign banks there
+has been a ceasing of payments by Ecuador.
+    "We are bringing forward the respective negotiations whose
+conclusion we hope finalises in the next few weeks."
+    Finance Minister Domingo Cordovez said last week that
+quake-hit Ecuador sought through negotiations to postpone all
+payments due to the private foreign banks in 1987 until next
+year.
+    Although Swett gave no gave details on the latest plan for
+negotiations with private foreign banks, he calculated the
+suspension of payment to these creditors would save the
+government 54.45 billion sucres.
+    This amount is equal to 363 mln dlrs at the free rate of
+150 sucres to the dollar -- the rate Swett said reporters
+should use in calculating the dollar equivalent.
+    The Ecuadorean central bank, which is the institution
+remitting debt payments abroad, uses the official rate of 95
+sucres to the dollar for its accounting purposes. At the
+official rate, the 54.45 billion sucres' sum equals 573 mln
+dlrs.
+    Ecuador, squeezed by a slide last year in prices for crude,
+its main export, suspended payments to private foreign banks in
+January.
+    Swett said the government would also seek to refinance the
+1.429 billion dlr section of the debt owed to the Paris Club
+group of foreign governments, though it would continue to
+service the debt with them. He gave no more details.
+    The government adopted a tough austerity program last
+Friday intended to grapple with the tremor's economic costs.
+But the country's labour unions have called a general strike
+for Wednesday to press for a suspension of the program.
+    The 500,000-strong Unitary Workers' Front (FUT) and the
+100,000-member General Union of Workers (UGT) called the strike
+to cancel the measures, which include a rise in petrol prices
+of up to 80 per cent and budget cuts of as much as 10 per cent.
+    The leftist-led FUT said it was also backing a call by the
+Maoist Popular Movement for Democracy (MPD) party, to have
+Congress impeach and oust Febres Cordero, a conservative, for
+having adopted the austerity measures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11936" NEWID="7023">
+<DATE>19-MAR-1987 07:23:33.05</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0474&#31;reute
+r f BC-SOME-7,000-SOUTH-AFRI   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOME 7,000 SOUTH AFRICAN MINERS RETURN TO WORK</TITLE>
+<DATELINE>    JOHANNESBURG, March 19 - </DATELINE><BODY>Some 7,000 black workers returned
+to work after staging one-day strikes at two mines on Monday,
+the National Union of Mineworkers and the companies that own
+the mines said.
+    About 6,000 miners resumed work at the Grootvlei gold mine
+east of Johannesburg after protesting the transfer of
+colleagues to other jobs at the same mine, owners General
+Mining Union Corp Ltd &lt;GENM.J> said.
+    The union said about 1,000 mineworkers at a new coal
+facility owned by Anglo American Corp of South Africa Ltd
+&lt;ANGL.J> also returned to their jobs on Tuesday.
+    The workers at Anglo's Vaal Colliery south of Johannesburg
+had struck to protest the alleged refusal of officials of the
+South African homeland of Transkei to allow miners to attend a
+funeral in the homeland, a union spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11937" NEWID="7024">
+<DATE>19-MAR-1987 07:27:17.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0490&#31;reute
+r f BC-NIPPON-LIFE-SEEKING-T   03-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON LIFE SEEKING TIE WITH U.S. SECURITIES HOUSE</TITLE>
+<DATELINE>    TOKYO, March 19 - </DATELINE><BODY>&lt;Nippon Life Insurance Co> is pursing a
+possible link with an American securities house to expand its
+overseas investment portfolio, a company spokesman said.
+    But he declined to comment on rumours the company would
+take a 10 pct stake in &lt;Shearson Lehman Brothers>, an
+investment banking unit of American Express Co &lt;AXP>.
+    He said the firm started to sound out several U.S.
+Investment banks on capital participation about 18 months ago
+and was narrowing the number of prospects, but he did not say
+if it had set its sights on one firm.
+    Nippon Life, Japan's largest life insurer, also plans to
+set up a wholly owned investment unit, &lt;Nissei International
+America>, in New York next month and subsidiaries in Canada,
+Singapore, the Cayman Islands and Jersey this year, he said.
+    These moves are in line with its long-term strategy to put
+more emphasis on overseas investment management as
+opportunities at home are declining while the company's assets
+are growing.
+    The company is especially attracted by the scale and depth
+of U.S. Money and credit markets and wants to establish a firm
+foothold there, the spokesman added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11938" NEWID="7025">
+<DATE>19-MAR-1987 07:28:32.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0495&#31;reute
+f f BC-******   03-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank says it leaves credit policies unchanged
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11939" NEWID="7026">
+<DATE>19-MAR-1987 07:28:41.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0496&#31;reute
+u f BC-WEST-GERMAN-CAR-OUTPU   03-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN CAR OUTPUT RISES IN FEBRUARY</TITLE>
+<DATELINE>    FRANKFURT, March 19 - </DATELINE><BODY>West German car and van production
+rose to 389,900 in February from 380,900 in February 1986, the
+German Automobile Industry Association VDA said in a statement.
+    Production of trucks of up to six tonnes fell sharply to
+11,500 from 14,600, owing to a cut in production of small
+delivery vans of up to two tonnes. Total vehicle output rose to
+410,000 from 404,600.
+    Car and van exports eased to 222,000 in February from
+225,000 one year earlier, and exports of trucks of up to six
+tonnes dropped to 6,200 from 9.900. Total vehicle exports fell
+to 233,200 from 240,300.
+    Car and van output in January and February eased to 758,700
+from 766,500 in the first two months of 1986. Production of
+trucks up to six tonnes fell to 26,300 from 30,700, and total
+vehicle production fell to 802,300 from 814,900.
+    Car and van exports in January and February fell to 424,700
+from 443,300 a year earlier and exports of trucks up to six
+tonnes fell to 15,400 from 20,200. Total vehicle exports fell
+to 449,200 from 473,500.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11940" NEWID="7027">
+<DATE>19-MAR-1987 07:28:55.45</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0498&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 181 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The Bank of England said it provided the
+money market with 181 mln stg in assistance this morning.
+    This compares with the Bank's revised shortage forecast of
+around 400 mln stg.
+    The central bank purchased bank bills outright at the new
+dealing rates established yesterday.
+    These comprised 65 mln stg in band one at 9-7/8 pct, 114
+mln stg in band two at 9-13/16 pct and two mln stg in band
+three at 9-3/4 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11941" NEWID="7028">
+<DATE>19-MAR-1987 07:29:03.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0499&#31;reute
+d f BC-FUJI-BANK-ACCUSED-OF   03-19 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUJI BANK ACCUSED OF MISUSE OF TAX FREE RESERVES</TITLE>
+<DATELINE>    TOKYO, March 19 - </DATELINE><BODY>The Tokyo Regional Taxation Bureau has
+imposed a penalty tax on &lt;Fuji Bank Ltd> for alleged improper
+use of tax-free reserves, a bank spokeswoman told Reuters.
+    She declined to reveal the bank's planned response but
+another bank official said it has not paid the penalty.
+    The bank said in a brief statement it believes that its use
+of the tax-free reserves is legal.
+    Financial institutions can set aside 0.003 pct of their
+risky loans as tax-free reserves. Fuji said a difference of
+understanding exists between the bank and the tax bureau
+regarding the use of tax-free reserves. It did not elaborate.
+    Fuji Bank reported a 72.1 billion yen net profit in the
+1985/86 year. Lending totaled 16,120 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11942" NEWID="7029">
+<DATE>19-MAR-1987 07:29:42.07</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0505&#31;reute
+h f BC-PHILIPPINES'-LIQUIDIT   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES' LIQUIDITY RISES, LOAN DEMAND FALLS</TITLE>
+<DATELINE>    MANILA, March 19 - </DATELINE><BODY>Liquidity in the Philippines rose in
+December while loan demand and short-term lending rates fell,
+the Central Bank said.
+    A bank official said M-3 rose 9.72 pct to a provisional
+149.80 billion pesos at the end of December from a month
+earlier for a year-on-year gain of 12.72 pct.
+    She said short-term bank lending rates fell to an
+annualised 13.88 pct at the end of December, from 14.58 pct a
+month earlier and 19.82 pct at the end of December 1985.
+    Poor loan demand was illustrated by a rise in commercial
+bank reserves, the official said.
+    The bank official said commercial bank reserves were 22.19
+billion pesos at the end of December, when reserves required
+were 21.59 billion.
+    She said the surplus of 597 mln pesos, compared with a
+deficit of 390 mln pesos a month earlier and a deficit of 1.64
+billion at the end of 1985, reflected political uncertainty in
+the last quarter of 1986.
+    Reserve money, the total available to monetary authorities,
+was a provisional 52.58 billion pesos at the end of 1986. This
+was 5.19 pct up from 49.98 billion at the end of November and
+41.85 pct up from 37.09 billion in December 1985.
+    The bank official noted M-3, which includes M-1 money
+supply, plus savings, time deposits and deposit substitutes.
+Was 132.88 billion pesos at the end of December 1985.
+    M-1 money supply rose a provisional 17.3 pct to 42.86
+billion pesos at the end of December 1986 from 36.52 billion a
+month earlier. The year-on-year rise was 19.64 pct, up from
+35.83 billion at the end of December 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11943" NEWID="7030">
+<DATE>19-MAR-1987 07:31:01.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0511&#31;reute
+r f BC-SANWA-BANK-ACQUIRES-S   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANWA BANK ACQUIRES SMALL STAKE IN PORTUGUESE BANK</TITLE>
+<DATELINE>    TOKYO, March 19 - </DATELINE><BODY>Sanwa Bank Ltd &lt;ANWA.T> has agreed to buy
+a two pct stake in Oporto-based &lt;Banco Portugues de Investmento
+Sarl> (BPI), Portugal's largest merchant bank, a Sanwa official
+said.
+    Sanwa will purchase the shares from International Finance
+Corp, a BPI shareholder and sister organisation of the World
+Bank, for 351 mln yen, he said.
+    The acquisition will be completed this month as both the
+Japanese and Portuguse governments are expected to give
+permission soon.  This is the first time a Japanese bank has
+bought a stake in a Portuguese bank.
+    Sanwa plans to increase its stake in BPI to four pct, the
+ceiling for foreign shareholders, the official said.
+    The bank has also agreed with &lt;Banco Portugues do
+Atlantico>, a state-owned merchant bank in Oporto, to exchange
+information on customers and help accelerate Japanese
+investment and technological transfers to Portugal, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11944" NEWID="7031">
+<DATE>19-MAR-1987 07:41:42.61</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0527&#31;reute
+u f BC-BUNDESBANK-LEAVES-CRE   03-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK LEAVES CREDIT POLICIES UNCHANGED</TITLE>
+<DATELINE>    FRANKFURT, March 19 - </DATELINE><BODY>The Bundesbank left credit policies
+unchanged after today's regular meeting of its council, a
+spokesman said in answer to enquiries.
+    The West German discount rate remains at 3.0 pct, and the
+Lombard emergency financing rate at 5.0 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11945" NEWID="7032">
+<DATE>19-MAR-1987 07:44:43.08</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0534&#31;reute
+u f BC-NO-FRENCH-REFLATION,   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO FRENCH REFLATION, SOURCES CLOSE TO BALLADUR SAY</TITLE>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>There is no question of stimulating
+consumption or relying on a systematic budget deficit or other
+reflationary policies to boost the French economy, sources
+close to finance minister Edouard Balladur said.
+    Their comments followed remarks by prime minister Jacques
+Chirac's spokesman Denis Baudouin, who said on Monday ministers
+were agreed on the desirability of "relaunching" the economy.
+    This sparked speculation the government was preparing for a
+reflationary U-turn, but the finance ministry immediately ruled
+out any such move.
+    The sources today said the government's policy remained one
+of "recovery," or sound finances and greater efficiency.
+    They said that while 8.6 billion of the 30 billion franc
+revenues expected for 1987 from a sweeping privatisation
+program will go to providing public companies with fresh
+capital, 21.4 billion francs, or two-thirds, will go toward
+paying off national debt.
+    Any further privatisation revenue this year above the 30
+billion would be distributed between repayment of national
+internal debt and public companies in similar proportions, they
+added.
+    The sources said it was absurd to talk of reflation when
+the country's internal debt, expected to grow by 10 pct this
+year from 1,300 billion francs in 1986 was growing twice as
+fast as gross domestic product.
+    Nominal GDP is expected to grow by roughly five pct this
+year from 5,000 billion francs last year, broadly in line with
+earlier forecasts. Real GDP will grow by up to 2.5 pct.
+    The sources said that with France's economic targets for
+1987 roughly in line with its main trading partners, the
+government had no intention of pushing the economy to grow at
+an artificial pace out of step with neighbouring economies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11946" NEWID="7033">
+<DATE>19-MAR-1987 07:55:53.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0557&#31;reute
+u f BC-H.K.-REVIEWS-BANKING   03-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. REVIEWS BANKING STRUCTURE, CAPITAL RATIO</TITLE>
+<DATELINE>    HONG KONG, March 19 - </DATELINE><BODY>The Banking Commission is reviewing
+the present three-tier banking system and its newly established
+capital adequacy ratio, banking commissioner Robert Fell said.
+    He told a news conference his office has had talks with the
+Bank of England and the U.S. Federal Reserve Board on
+risk-based capital ratios, following an agreement on such
+standards between the two central banks early this year.
+    The Bank of England and the Fed are trying to persuade the
+Bank of Japan and European central banks to accept their
+standards.
+    "We welcome international standards," Fell said. "It means a
+level playing field for all."
+    Under a new banking rule that came into effect last year,
+banks in Hong Kong are given a two-year grace period to meet a
+five pct capital adequacy requirement.
+    "The difference between us (Hong Kong and the U.K.) is
+really not that great," he said.
+    Fell said the majority of banks are comfortable with the
+required capital ratio, though some are under-capitalised.
+    Some banks, mostly Japanese, want a lower capital ratio
+because of the special nature of their business, mainly
+offshore banking operations. These institutions have proposed
+the creation of a limited service bank category.
+    Financial institutions in Hong Kong are now classified into
+three types -- banks, registered and licensed deposit-taking
+companies.
+    Fell said the Commission is reviewing the three-tier
+structure in light of the possible changes in capital ratio and
+the growing trend towards securitisation of debt.
+    Fell said the Commission is also studying a set of
+guidelines on loan loss provisions with the help of the Society
+of Accountants.
+    Other planned guidelines relate to securitisation of debt
+and business that banks and deposit taking companies can
+conduct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11947" NEWID="7034">
+<DATE>19-MAR-1987 08:01:10.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0571&#31;reute
+u f BC-AUSTRIA-INCREASES-BON   03-19 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRIA INCREASES BOND TO 75 MLN AUSTRALIAN DLRS</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The Australian dollar eurobond launched
+yesterday for the Republic of Austria has been increased to 75
+mln dlrs from the original 50 mln, Credit Suisse First Boston
+Ltd said as lead manager.
+    The five year transaction has a 14-1/4 pct coupon and was
+priced at 101-3/4 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11948" NEWID="7035">
+<DATE>19-MAR-1987 08:02:36.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0577&#31;reute
+u f BC-U.K.-BUILDING-SOCIETY   03-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BUILDING SOCIETY TAPS EUROSTERLING MARKET</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Cheltenham and Gloucester Building
+Society is issuing a 50 mln stg eurobond due April 22, 1992,
+paying 9-1/4 pct and priced at 101-1/4 pct, lead manager Union
+Bank of Switzerland (Securities) Ltd said.
+    The bond will be available in denominations of 1,000 stg
+and will be listed in Luxembourg.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11949" NEWID="7036">
+<DATE>19-MAR-1987 08:04:29.56</DATE>
+<TOPICS><D>money-fx</D><D>income</D><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0587&#31;reute
+u f BC--U.S.-CREDIT-MARKET-O   03-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKET OUTLOOK - SPENDING, M-1</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Brisk increases in personal income and
+consumption are to appear in February data released today, but
+the bond market's recent sluggishness suggests there will be no
+major price reaction unless the rises are much larger than
+expected, economists said.
+    Personal income is forecast to rise by 0.6 to 0.8 pct,
+compared with no change in January, while consumption
+expenditures are projected to increase 1.4 to 1.6 pct,
+reversing most of the two pct drop recorded in January.
+    M-1 money supply data for the March 9 week will also be
+released. An increase of some 2.3 billion dlrs is expected.    
+    Peter Greenbaum of Smith Barney, Harris Upham and Co Inc
+expects a one pct rise in income, led by a strong gain in wage
+and salary disbursements in February.
+    Nonfarm payrolls expanded by 337,000 jobs in February, the
+average workweek lengthened by 0.6 pct and hourly wages rose by
+four cts, he noted in a report. Vigorous spending on durable
+goods last month, especially cars, foreshadow a rise of at
+least 1.5 pct in consumption, he added.
+    The prospect of bearish data did not trouble the bond
+market much yesterday, with the 30-year Treasury bond slipping
+just 7/32 to 99-28/32 for a yield of 7.51 pct.
+    Analysts said the market is still trapped in a narrow
+range, desperately seeking direction.
+    "Seasonally adjusted, it's already December in the bond
+market," quipped Robert Brusca of Nikko Securities Co
+International Inc.
+    Paul Boltz of T. Rowe Price Associates Inc said the
+steadiness of long bond yields around 7.5 pct, despite some
+signs of a stronger economy, probably reflects expectations
+that inflation will remain subdued.
+    But he warned that this assumption might not be justified.
+    "It took the bond market a long while to see that inflation
+was not returning to double digits, and now that it has learned
+that lesson, it may be a little slow to see that a four to five
+pct inflation is a real possibility ahead," Boltz said in a
+report.
+    After trading late yesterday at 5-15/16 pct, Fed funds were
+indicated by brokers to open comfortably at 5-15/16, six pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11950" NEWID="7037">
+<DATE>19-MAR-1987 08:07:29.71</DATE>
+<TOPICS><D>veg-oil</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0595&#31;reute
+r f BC-U.S.-DELEGATION-HOPES   03-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DELEGATION HOPES FOR VEG OILS TAX DEFEAT</TITLE>
+<DATELINE>    BONN, March 19 - </DATELINE><BODY>American soybean producers and processors
+are hoping the proposed EC tax on vegetable oils and fats will
+not be imposed, but say the U.S. Is prepared to retaliate if it
+is introduced.
+    Wayne Bennett, the American Soybean Association's first
+vice president, told a news conference the U.S. Administration
+would not hesitate to retaliate, but both producers and
+processors were trying to solve the issue through negotiation.
+    U.S. Secretary of Agriculture Richard Lyng said in a letter
+to EC officials that U.S. Retaliatory measures would cover more
+than agricultural products if the tax was imposed, Bennett
+said.
+    The ASA and National Soybean Processors Association (NSPA)
+delegations will meet top West German government officials
+today and tomorrow to lobby for support.
+    Bennett said West Germany, Britain, the Netherlands,
+Denmark and Portugal oppose the tax, but Italy and Belgium seem
+to have taken a hardline view on the issue.
+    "Europeans in favour of the tax say it would be to their
+advantage economically, but that is not correct because we
+would hit back," NSPA chairman Jack Reed said.
+    This step would be very expensive for all and no one would
+emerge as a winner if the tax were introduced, he said.
+    Reed pointed out the U.S. Administration and the soybean
+industry view the EC proposal as violating the General
+Agreement on Tariffs and Trade.
+    The proposed tax also violates the zero duty bindings
+agreed between the EC and U.S. In 1962, he said.
+    Under the zero duty bindings pact U.S. Soybeans and
+products can be exported to the Community duty-free.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11951" NEWID="7038">
+<DATE>19-MAR-1987 08:08:32.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0600&#31;reute
+u f BC-H.K.-BANKING-SECTOR-S   03-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. BANKING SECTOR STABLE, OFFICIAL SAYS</TITLE>
+<DATELINE>    HONG KONG, March 19 - </DATELINE><BODY>The banking sector has regained its
+stability after a protracted period of difficulty, banking
+commissioner Robert Fell said.
+    "The banking climate has dramatically changed from a year
+ago," he said at a news conference to present his annual report
+on the banking sector for 1986.
+    "We've got confidence back. We've got profitability back." he
+said.
+    A three-year shake out in the local banking sector forced
+the government to take over three banks and arrange for the
+acquisition of four others by the private sector.
+    Fell said that in many cases the bank problems stemmed from
+management fraud which he linked partly to dramatic swings in
+the stock and property markets in the early 1980s.
+    "We've got it out of the system now," he said. "Fraud is no
+longer a systemic problem."
+    But he acknowledged there may still be problems.
+    "Deliberate fraud is difficult to detect especially where
+collusion and senior management are involved," he said.
+"Prudential supervision cannot give complete protection. The
+(new banking) ordinance is designed to give a "measure" of
+protection."
+    Fell said a number of banks want to set up operations in
+Hong Kong, adding the government approved three banking
+licences this week. He did not give details.
+    At the end of 1986, there were 151 licenced banks, 25 of
+which were locally incorporated, compared with 143 a year ago.
+Another 134 foreign banks had representative offices compared
+with 131 a year ago.
+    There were 34 licensed deposit-taking companies (DTCs) and
+254 registered DTCs at the end of 1986, compared with 35 and
+278 respectively a year ago, he said.
+    Foreign banks seeking banking licences in Hong Kong must
+have assets of 14 billion U.S. Dlrs. But Financial Secretary
+Piers Jacobs said yesterday the asset criteria are flexible.
+    A high asset threshold has worked in the favour of banks
+incorporated in countries with relatively large economies, he
+noted.
+    "No licences in the last few years have been granted to
+banks from any of the smaller countries in the Asia-Pacific
+region," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11952" NEWID="7039">
+<DATE>19-MAR-1987 08:13:16.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0621&#31;reute
+f f BC-******AMERICAN-EXPRES   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS SAYS IT'S HOLDING TALKS ON SALE OF SHEARSON STAKE TO NIPPON LIFE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11953" NEWID="7040">
+<DATE>19-MAR-1987 08:13:36.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0623&#31;reute
+r f AM-SAVINGS   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAVINGS BANK CLOSED, 15TH TROUBLED U.S. S&amp;L OF YEAR</TITLE>
+<DATELINE>    WASHINGTON, March 18 - </DATELINE><BODY>The Federal Home Loan Bank Board
+(FHLBB) announced today the replacement of a closed Santa Ana,
+Calif., savings bank in the 15th federal action assisting
+troubled U.S. savings institutions this year.
+    The FHLBB said Perpetual Savings Bank in Santa Ana was put
+into receivorship because it was insolvent and was replaced by
+a new federally chartered Perpetual Savings Association.
+    It said the savings bank's insolvency "was a direct result
+of losses on speculative investments in real estate which were
+not supported by appraisals."
+    The FHLBB said it appointed Great American First Savings
+Bank &lt;GTA> of San Diego to manage Perpetual Savings.
+    It said as of January 31, Perpetual had assets of 61.9 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11954" NEWID="7041">
+<DATE>19-MAR-1987 08:15:06.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0627&#31;reute
+u f BC-/AMERICAN-EXPRESS-&lt;AX   03-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS &lt;AXP> MAY SELL SHEARSON STAKE</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>American Express Co said it and its
+Shearson Lehman Brothers Inc subsidiary have been holding talks
+on the possible equity investment in Shearson Lehman by &lt;Nippon
+Life Insurance Co> of Japan.
+    The company said, "The discussions have led to a general
+understanding by which Nippon Life would purchase a 13 pct
+equity investment in Shearson Lehman for approximately 530 mln
+dlrs and American Express, Shearson Lehman and Nippon Life
+would explore mutually advantageous, nonexclusive business and
+investment opportunities."
+    The company said a definitive agreement on the matter is
+subject to a number of conditions, including approval of the
+American Express board and the Japanese Ministry of Finance.
+    The company said its board is scheduled to meet March 27
+for its regular monthly sessions.
+    American Express said it is continuing to evaluate various
+courses of action of strategic importance to Shearson Lehman in
+addition to the possible investment by Nippon Life.
+    It said the options range from expanding Shearson's
+capacity to meet international competition, to broadening
+further its access to capital.
+    The company also said, "All the courses of action under
+study reflect the continuing integral role of Shearson Lehman
+in American Express' worldwide financial services strategy."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11955" NEWID="7042">
+<DATE>19-MAR-1987 08:15:21.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0629&#31;reute
+r f BC-XEROX-&lt;XRX>-TO-STOP-S   03-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XEROX &lt;XRX> TO STOP SELLING PC'S BY THEMSELVES</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Xerox Corp has decided to stop selling
+personal computers as standalone products, a company spokesman
+said.
+    The spokesman said "As a first priority, we're selling PC's
+as part of preconfigured systems, mostly desktop publishing
+systems, and not by themselves anymore."
+    He said Xerox does not expect to take any material charge
+from changing its marketing of personal computers.  He said for
+the past five years, Xerox has sold most of its PC's as
+components of larger systems.
+    Another Xerox spokesman said the company actually stopped
+selling personal computers alone on February 16 but never
+announced the move.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11956" NEWID="7043">
+<DATE>19-MAR-1987 08:16:10.53</DATE>
+<TOPICS><D>money-fx</D><D>rand</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0630&#31;reute
+r f BC-S.AFRICA'S-FINANCIAL   03-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S.AFRICA'S FINANCIAL RAND SEEN HEADED HIGHER</TITLE>
+<DATELINE>    JOHANNESBURG, March 19 - </DATELINE><BODY>The financial rand, widely viewed
+as a direct reflection of foreign investor confidence in South
+Africa, appears headed above 30 U.S. Cents, dealers and bank
+economists said.
+    The currency has risen about 25 pct in the past three
+months to its current rate of 29.50 cents, due partly to signs
+of a possible power shift with the appearance of a number of
+independent candidates in the whites-only election on May 6,
+they added.
+    It has risen about two cents this week alone.
+    "Another factor is that banks in London, where the main
+market is based, are going long in the currency because of a
+general feeling that it will rise in the future," one economist
+said.
+    Dealers described 30 cents as a psychological barrier that
+was expected to be broken soon after a brief consolidation
+phase from recent gains.
+    After reaching 30 cents, "There is a chance of appreciation
+to 32 cents in the next several weeks," one dealer said.
+    There was a widespread feeling that both the commercial
+rand, holding stable at 48 cents, and the financial rand were
+staying firm, banking sources said.
+    A Barclays National Bank executive who asked not to be
+identified said: "The rise of the independents appears to be
+indicative of a potential shift of power in the National Party
+and has created a favourable sentiment overseas."
+    One dealer said growing business and investor interest from
+West Germany and Switzerland were behind the financial rand's
+rise.
+    Economists said foreigners also were being attracted by
+South Africa's long-term government bonds and "semi-gilts" or
+securities in partly government-owned firms, many with yields
+as high as 30 pct. They could be purchased with financial rands
+with interest paid in commercial rands.
+    "This has had a definite influence on the financial form of
+the rand," a dealer said, adding that at present demand is
+slightly in excess of supply.
+    The financial rand was reintroduced in September 1985 to
+help end capital flight from South Africa during a period of
+severe political unrest in the country.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11957" NEWID="7044">
+<DATE>19-MAR-1987 08:22:06.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0648&#31;reute
+r f BC-EX-REAGAN-AIDE-DEAVER   03-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EX-REAGAN AIDE DEAVER INDICTED ON PERJURY CHARGES</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Former White House aide Michael
+Deaver, a long-time confidant of President Reagan, has been
+indicted on charges of lying about his contacts as a Washington
+lobbyist with top U.S. Government officials.
+    The five-count perjury indictment charged that Deaver lied
+in sworn testimony to Congress and before the grand jury
+investigating his business affairs.
+    Deaver, who resigned as deputy White House chief of staff
+in 1985 to open a lobbying firm, faces a maximum penalty of 25
+years in prison if convicted. Immediately after the indictment
+was announced Reagan issued a statement wishing Deaver well.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11958" NEWID="7045">
+<DATE>19-MAR-1987 08:22:21.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0649&#31;reute
+d f BC-&lt;FI-TEK-CORP>-TO-MAKE   03-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FI-TEK CORP> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    DENVER, March 19 - </DATELINE><BODY>Fi-Tek Corp said it has signed a letter
+of intent to acquire &lt;Voice Systems and Services Inc> for an
+undisclosed amount of stock.
+    It said on completion of the acquisition it would change
+its name to Voice Systems and Services Inc.  It said VBoice
+Systems has received a 3,600,000 dlr contract to provide FLP
+Communications of Dallas with voicemail systems through service
+bureaus located throughout the U.S. and has also contracted to
+provide voicemail systems and administration to M and S
+Communications.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11959" NEWID="7046">
+<DATE>19-MAR-1987 08:22:28.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0650&#31;reute
+r f BC-FIRST-WISCONSIN-&lt;FWB>   03-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST WISCONSIN &lt;FWB> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    MILWAUKEE, March 19 - </DATELINE><BODY>First Wisconsin Corp said it has
+agreed to acquire North Shore Bancorp Inc of Northbrook, Ill.,
+for 6,160,000 dlrs in cash, or slightly more than twice book
+value, subject to approval by North Shore shareholders and
+regulatory authorities.
+    The company said completion is expected in the third
+quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11960" NEWID="7047">
+<DATE>19-MAR-1987 08:26:32.47</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0656&#31;reute
+b f BC-ITALY'S-FEBRUARY-PAYM   03-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S FEBRUARY PAYMENTS BALANCE IN SURPLUS</TITLE>
+<DATELINE>    ROME, March 19 - </DATELINE><BODY>Italy's overall balance of payments showed
+a surplus of 1,461 billion lire in February 1987 compared with
+a deficit of 1,145 billion in January, provisional Bank of
+Italy figures show.
+    The February surplus compared with a deficit of 1,578
+billion lire in the same month for 1986.
+    For the first two months of 1987, the balance of payments
+showed a surplus of 302 billion lire against a deficit of 4,622
+billion in the same 1986 period.
+    The Bank of Italy said the cumulative balance for the first
+two months of 1987 does not match the total calculated on the
+individual monthly figures because of the provisional nature of
+certain data.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11961" NEWID="7048">
+<DATE>19-MAR-1987 08:26:43.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0658&#31;reute
+d f BC-BELVEDERE-CORP-&lt;BLV>   03-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELVEDERE CORP &lt;BLV> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 19 -
+    </DATELINE><BODY>Oper shr loss 21 cts vs loss 95 cts
+    Oper net loss 666,000 vs loss 2,184,000
+    Avg shrs 3,181,805 vs 2,310,200
+    Year
+    Oper shr loss 30 cts vs loss 23 cts
+    Oper net loss 823,000 vs loss 606,000
+    Avg shrs 2,757,040 vs 2,614,225
+    NOTE: Net excludes realized investment gains of 666,000
+dlrs vs 289,000 dlrs in quarter and 2,274,000 dlrs vs 1,468,000
+dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11962" NEWID="7049">
+<DATE>19-MAR-1987 08:27:00.64</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0659&#31;reute
+b f BC-ITALIAN-NET-RESERVES   03-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN NET RESERVES RISE IN FEBRUARY</TITLE>
+<DATELINE>    ROME, March 19 - </DATELINE><BODY>Italy's net official reserves rose to
+66,172 billion lire in February 1987 from a previously reported
+62,174 billion in January, the Bank of Italy said.
+    Gold holdings at end-February totalled 35,203 billion lire,
+unchanged on January.
+    Convertible currencies totalled 18,467 billion lire, up
+from 14,899 billion in January, while European Currency Unit
+(ECU) holdings were 10,156 billion lire against 10,133 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11963" NEWID="7050">
+<DATE>19-MAR-1987 08:31:00.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0665&#31;reute
+r f BC-SJNB-&lt;SJNB>-SAYS-CHIE   03-19 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SJNB &lt;SJNB> SAYS CHIEF EXECUTIVE RESIGNS</TITLE>
+<DATELINE>    SAN JOSE, Calif., March 19 - </DATELINE><BODY>SJNB Financial Corp said
+Douglas McLendon has resigned as president and chief executive
+officer of the holding company and its San Jose National Bank
+subsidiary and as a director of its Tri-Valley National Bank
+subsidiary to pursue other interests.
+    It said vice chairman William Pfeifle, 68, will act as
+interim president and chjief executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11964" NEWID="7051">
+<DATE>19-MAR-1987 08:33:10.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0671&#31;reute
+r f BC-GERMAN-INVESTORS-SLOW   03-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN INVESTORS SLOW TO ACCEPT BOND INNOVATIONS</TITLE>
+<AUTHOR>    By Franz-Josef Ebel, Reuters</AUTHOR>
+<DATELINE>    WEST BERLIN, March 19 - </DATELINE><BODY>The liberalization of West German
+capital markets in May 1985 led to a flood of financial
+innovations but the lack of a secondary market for these has
+diminished their acceptance, Deutsche Girozentrale - Deutsche
+Kommunalbank management board member Wiegand Hennicke said.
+    While innovations may be intellectualy stimulating, they
+lack transparency, he told an investors' forum in West Berlin.
+    "Properly functioning markets require standardized products.
+This (condition) has not been met by some of the innovations,"
+Hennicke said.
+    The volume of zero coupon bonds and floating rate notes,
+the most widely used financial innovations in Germany, stands
+at four billion and 16 billion marks, respectively, a tiny
+proportion of the 1,000 billion marks of bonds in circulation.
+    Even for zero-coupon bonds and floating rate notes, a
+secondary market had not developed, Hennicke said. One
+important reason for this was the bourse turnover tax, which
+was reducing the rate of return to the investors.
+    West German Finance Minister Gerhard Stoltenberg said this
+week he believed the tax could still be removed, even if its
+abolition was not decided during recent coalition discussions.
+    Karl-Herbert Schneider-Gaedicke, deputy management board
+chairman of DG Bank Deutsche Genossenschaftsbank, said German
+domestic and institutional investors had also shown
+reservations about investing in participation shares.
+    One of the reasons was the widely varying terms and
+conditions of participation shares in West Germany. "The
+investor has to scrutinize (participation shares) carefully,
+before making an investment decision," Schneider-Gaedicke said.
+    He added the attractiveness of participation shares could
+be increased by limiting the combination possibilities of terms
+and conditions and increasing safeguards for investors.
+    He also urged publicizing the comparative advantage of
+participation shares over ordinary shares for foreigners.
+    Foreigners do not receive the corporation tax bonus granted
+to domestic investors for share dividends.
+    Karl Thomas, head of the Bundesbank's credit department,
+said the domestic investor had missed earnings opportunities
+over the last four years by failing to invest in German bonds.
+    Domestic investors did not believe interest rates would
+decline and stay at low levels for such a long time, because
+expectations were determined by sharp interest rate
+fluctuations at the start of the decade.
+    The Bundesbank has a natural interest in seeing domestic
+savings channelled into bonds and shares, Thomas said.
+    A shift of savings into long-term assets would dampen
+monetary expansion and foster a stable rise of the money
+supply, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11965" NEWID="7052">
+<DATE>19-MAR-1987 08:34:53.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0681&#31;reute
+f f BC-******CARTER-HAWLEY-H   03-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CARTER HAWLEY HALE STORES INC 4TH QTR SHR LOSS 1.58 DLRS VS PROFIT 58 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11966" NEWID="7053">
+<DATE>19-MAR-1987 08:40:55.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0698&#31;reute
+u f BC-CBT-HEAD-CONFIDENT-OF   03-19 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT HEAD CONFIDENT OF SEPARATE CBT, MCE LIMITS</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 19 - </DATELINE><BODY>Chicago Board of Trade, CBT,
+President Thomas Donovan said he was confident the Commodity
+Futures Trading Commission, CFTC, would not force the CBT and
+the MidAmerica Commodity Exchange, MCE, to merge speculative
+position limits on futures contracts traded on the two
+exchanges.
+    Last month CFTC proposed combining CBT and MCE contracts on
+corn, wheat, soybeans, soybean meal and oats for the purposes
+of applying speculative position limits.
+    Donovan told Reuters he had spoken to CFTC officials about
+the matter and believed they would modify the proposal.
+    CBT officials have complained the CFTC was reneging on a
+commitment made when the two exchanges formed an affiliation,
+and proposing to decrease spot month limits on the MCE contrary
+to congressional intent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11967" NEWID="7054">
+<DATE>19-MAR-1987 08:45:33.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0705&#31;reute
+u f BC-CBT-LEADERS-PLAN-TRIP   03-19 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT LEADERS PLAN APRIL TRIP TO FAR EAST</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 19 - </DATELINE><BODY>The two top officials of the
+Chicago Board of Trade, CBT, are planning to visit three
+countries in the Far East next month to drum up support for the
+exchange's proposed night trading session, CBT President Thomas
+Donovan told Reuters.
+    Donovan said he and CBT Chairman Karsten Mahlmann will
+leave April 3 and spend two weeks in Hong Kong, Tokyo and
+Sydney discussing the night trading session with brokerage
+firms, regulators and exchanges.
+    CBT hopes to launch the first U.S. night trading session at
+the end of April, offering Treasury-bond and T-note futures and
+options on the two futures contracts between 1700 and 2100 hrs
+central U.S. time (2300 to 0300 hrs GMT).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11968" NEWID="7055">
+<DATE>19-MAR-1987 08:49:57.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0709&#31;reute
+u f BC-SWISSAIR-PLANE-ORDER   03-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISSAIR PLANE ORDER FOR 1.2 BILLION SWISS FRANCS</TITLE>
+<DATELINE>    ZURICH, March 19 - </DATELINE><BODY>Swissair &lt;SWSZ.Z> said that the order
+for McDonnell Douglas Corp &lt;MD> MD-11 long haul jets confirmed
+this morning was worth a total 1.2 billion Swiss francs.
+    President Robert Staubli told a news conference it had not
+yet been decided whether the planes would have General Electric
+Co &lt;GE.N>, Pratt and Whitney &lt;UTX> or Rolls Royce engines.
+    The airline said it chose the U.S. Plane rather than the
+rival A-340 of the European Airbus consortium because it met
+better the Swissair requirements and would be able to enter
+service in 1990 giving a smooth transition from the DC-10s it
+replaces.
+    Staubli said Swissair planned to have replaced its whole
+fleet of 11 DC10s by 1992 at the latest, entailing the order of
+five more long-haul planes in addition to the six announced
+today. He said it would decide on the basis of the development
+of traffic whether these five would be MD-11s or Boeing 747s.
+    However, Staubli ruled out the possibility that Swissair
+might eventually choose A-340s. "We cannot afford to operate
+three different types of aircraft," he said.
+    Swissair also had no short term plans to exercise its
+option to buy Airbus A-310s, of which it already operates nine,
+officials said. But it would still hold the options open.
+    Staubli declined to say how much it paid for each of the
+MD-11s. The total 1.2 billion franc figure was not only for the
+planes but also for spare parts and other related expenditure.
+    Company officials said that Swissair intended to cover
+around 75 pct of the costs of its entire DC-10 replacement
+programme with internally generated funds. It hopes to raise
+the remaining 25 pct on the Swiss and other capital markets
+through issuing straight or equity related bonds and/or through
+a capital increase.
+    The first such bond issue would likely come this year, they
+predicted.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11969" NEWID="7056">
+<DATE>19-MAR-1987 08:56:16.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0726&#31;reute
+d f BC-BP-SALE-WAS-IN-UK-198   03-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP SALE WAS IN UK 1987/88 BUDGET MATHS - TREASURY</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The U.K. Treasury said its 1987/88
+budget arithmetic which was unveiled on Tuesday "took full
+account of likely proceeds" from the sale of the government's
+remaining 31.7 pct stake in British Petroleum Co PLC (BP.L).
+    A statement issued by the Treasury said "the BP announcement
+therefore makes no difference to our estimate of privatisation
+proceeds in 1987/88, or to subsequent years, which remains 5.0
+billion stg a year."
+    "It makes no difference to the PSBR (Public Sector Borrowing
+Requirement) which the Chancellor set in the budget," it said.
+    "It has nothing to do with the future scope for tax cuts."
+    The Treasury's move was prompted by press speculation,
+officials said, which followed last night's surprise
+announcement by the government. It currently holds about 578.5
+mln shares in BP.
+    The Treasury statement said that the sell-off "is simply a
+part of the government's continuing privatisation programme,
+the overall size of which was announced in the Autumn
+(economic) Statement" (last November).
+    It said the BP proceeds "will be received in installments,
+of which the first will be in 1987/88."
+    News of the privatisation weighed down both BP's share
+price in London and the equity market overall, market sources
+said.
+    The prospect of so much more BP paper in circulation had
+cut BP shares at 1340 GMT to 824 pence from yesterday's London
+close of 828 pence. The company's shares had been down as low
+as 802 pence before rebounding, stock market sources said.
+    Worries over the ability of the London stock market to
+digest the BP and other privatisation issues sent the Financial
+Times/Stock Exchange 100 Share Index down 9.1 points by 1340
+GMT to 1997.5 from last night's close. At one point the index
+was as low as 1989.1, the sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11970" NEWID="7057">
+<DATE>19-MAR-1987 08:59:17.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0733&#31;reute
+b f BC-******WASTE-MANAGEMEN   03-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WASTE MANAGEMENT SAYS IT IS PREPARED TO RAISE ITS BID FOR CHEMLAWN TO 33 DLRS A SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11971" NEWID="7058">
+<DATE>19-MAR-1987 09:00:53.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0736&#31;reute
+u f BC-TRANSAMERICA-&lt;TA>-TO   03-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICA &lt;TA> TO HAVE GAIN ON UNIT SALE</TITLE>
+<DATELINE>    LOS ANGELES, MArch 19 - </DATELINE><BODY>Transamerica Corp said it expects
+to realize a gain of about 75 mln dlrs on the
+previously-announced sale of the group life and health
+operations of its Transamerican Occidental Life Insurance Co
+subsidiary to Provident Life and Accident Co &lt;PACC>.
+    But it said its Transamerica Life Cos unit plans to change
+to a more conservative method of amortizing deferred policy
+acquisition costs, resulting in a one-time charge that will
+offset most of the gain from the sale.
+    Transamerica said it has now signed a definitive agreement
+for the sale, which will be structured as a reinsurance
+transaction involving about 400 mln dlrs of reserve
+liabilities.
+    It said the 75 mln dlr gain from the sale and about 125 mln
+dlrs of statutory surplus that previously supported operations
+of the group being sold will be used to support Transamerica
+Life Cos' efforts to accelerate the growth of its remaining
+businesses.  It said closing is expected by May One, subject to
+regulatory approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11972" NEWID="7059">
+<DATE>19-MAR-1987 09:01:39.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0738&#31;reute
+u f BC-COCA-COLA-&lt;KO>-IN-FIL   03-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA-COLA &lt;KO> IN FILM COLORING VENTURE</TITLE>
+<DATELINE>    MARINA DEL RAY, Calif., March 19 - </DATELINE><BODY>Color Systems Technology
+Inc &lt;CLST> said it has completed formation of a joint venture
+called Screen Gems Classicolor with Coca-Cola Co to color and
+distribute feature films and television programs.
+    Color Systems said it and Coca-Cola will share profits from
+worldwide television, basic cable, pay television and home
+video distribution, and Color Systems will also be paid by the
+venture to convert to color the black and white material
+involved.
+    The company said Coca-Cola has initially contributed a
+number of its Screen Gems television series and Color Systems
+its library of more than 100 feature films and television
+series. It said the venture expects to acquire more black and
+white material for color conversion and will start generating
+revenues by distributing the combined library initially as-is.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11973" NEWID="7060">
+<DATE>19-MAR-1987 09:01:48.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0739&#31;reute
+u f BC-AMERITRUST-&lt;AMTR>-SET   03-19 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERITRUST &lt;AMTR> SETS TWO FOR ONE STOCK SPLIT</TITLE>
+<DATELINE>    CLEVELAND, March 19 - </DATELINE><BODY>AmeriTrust Corp said its board
+declared a two-for-one stock split, and management intends to
+recommend to directors an increase in the quarterly dividend to
+at least 50 cts per share presplit from the current 44 cts.
+    The company said shareholders at the May 14 annual meeting
+will be asked to approve an increase in authorized common
+shares to 100 mln from 25 mln, as well as a limitation of
+directors' liability and the establishment of a classified
+board.
+    The split is subject to approval of the increase in
+authorized common shares, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11974" NEWID="7061">
+<DATE>19-MAR-1987 09:02:38.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0742&#31;reute
+b f BC-/CARTER-HAWLEY-HALE-S   03-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARTER HAWLEY HALE STORES INC &lt;CHH> 4TH QTR LOSS</TITLE>
+<DATELINE>    LOS ANGELES, March 19 - </DATELINE><BODY>ended Jan 31
+    Shr loss 1.58 dlrs vs profit 58 cts
+    Net loss 24.2 mln vs profit 18.9 mln
+    Sales 1.34 billion vs 1.32 billion
+    Avg shrs 20.0 mln vs 19.8 mln
+    Year
+    Shr loss 1.27 dlrs vs profit 92 cts
+    Net profit 4.2 mln vs profit 48.0 mln
+    Sales 4.09 billion vs 3.98 billion
+    Avg shrs 20.2 mln vs 19.6 mln
+    NOTES: Share results after provision for preferred
+dividends
+    Per share profits from operations were 1.46 dlrs vs 71 cts
+in the quarter and 2.44 dlrs vs 1.05 dlrs in year. On a fully
+diluted basis this was 1.11 dlrs vs 67 cts and 2.42 dlrs vs
+1.58 dlrs, respectively, based on 33.0 mln vs 32.3 mln shares
+outstanding in quarter and 32.8 mln vs 32.1 mln in year
+    1986 results in both periods include pre-tax losses pf 2.2
+mln dlr on sale of John Wanamaker and 25.0 mln dlrs related to
+recapitalization, for a combined primary per share charge of
+1.58 dlrs in quarter and 1.57 dlrs in year.
+    1986 results also include an after-tax charge 29.3 mln
+dlrs, equal to 1.46 dlrs a share in quarter and 1.44 dlrs in
+year, for premium on early retirement of debt
+    1985 net in both periods includes pre-tax loss of 2.4 mln
+dlrs, equal to 13 cts a share, on sale of Holt Renfrew
+    Results include LIFO charge 1.7 mln dlrs vs credit 4.4 mln
+dlrs in quarter and credit 1.9 mln dlrs vs credit 6.4 mln dlrs
+in year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11975" NEWID="7062">
+<DATE>19-MAR-1987 09:03:09.08</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0744&#31;reute
+u f BC-/OECD-FARM-SUBSIDIES   03-19 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD FARM SUBSIDIES STUDY RESULTS DETAILED</TITLE>
+<AUTHOR>    By Greg McCune, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>The results of a controversial study
+of farm subsidies conducted by the Paris-based Organisation for
+Economic Cooperation and Development, OECD, show Japan has the
+highest agriculture subsidies in the world, and that dairy
+farmers benefit more than any other commodity producers from
+subsidies.
+    Results of the study, which has not been released by OECD
+because of objections from some countries, were provided to
+Reuters by officials of several countries on condition they not
+be identified.
+    The OECD study calculates the level of farm subsidies for
+the years 1979-81 using a new measure called the producer
+subsidy equivalent, PSE.
+    The study shows that on dairy products Japan's PSE, or the
+amount of aid to farmers expressed as a percentage, averaged
+83.3 pct over 1979-81, with the European Community at 68.8 pct
+and the United States 48.2 pct.
+    For wheat Japan's PSE averaged 95.8 pct, the EC 28.1 and
+the U.S. 17.2. Japan's rice PSE was 68.8 pct compared to the EC
+13.6 and the U.S. 5.4 pct, the OECD calculations show.
+    In coarse grains, Japan's subsidies reached 107.1 pct
+compared with 27.9 pct for the EC and 13.1 pct for the U.S.
+Japan's beef subsidy was 54.9 pct versus 52.7 pct for the EC
+and 9.5 pct for the U.S., OECD concluded.
+    For sugar, Japan's PSE was 48.4 pct versus 27.9 pct in the
+EC and 13.1 pct for the U.S., the study shows.
+    The OECD calculated farm subsidies for other industrial
+countries such as Canada, Australia and New Zealand but in most
+cases the results were much lower than for the U.S., EC and
+Japan, the sources said.
+    Subsidies in Argentina and Brazil, two major developing
+country producers of commodities, were not included in the OECD
+work.
+    Officials said they hope to persuade reluctant countries to
+release the study soon, perhaps coinciding with the OECD
+ministerial meeting in Paris during May.
+    Some officials hope the OECD results will be used as a 
+basis for negotiations during the Uruguay round of global trade
+talks now underway in Geneva.
+    British Agriculture Minister Michael Jopling during a visit
+to Washington this week endorsed the OECD work as a starting
+point for the Uruguay round negotiations on agriculture.
+    He said the PSE calculations provide a tool to negotiate
+down domestic farm support levels, which are a major cause of
+the present crisis in world agriculture.
+    However, the OECD study results are controversial because
+they highlight the levels of assistance to farmers, officials
+familiar with the study said.
+    The U.S. Agriculture Department's Economic Research Service
+recently published a study of farm subsidies in an attempt to
+verify the OECD results and update them to 1982-84.
+    In some cases the results were substantially different than
+the OECD's, in part because farm policies in both the U.S. and
+elsewhere had changed markedly by 1982-84 from the OECD base
+period of 1979-81, U.S. officials said.
+    For example, the USDA study found the United States
+subsidies to corn producers were higher in 1982-84, at 25 to 49
+pct, than in the EC, at zero to nine pct.
+    French Maize Producers Association president Marcel Cazale,
+citing the result of the USDA calculation for corn, told
+reporters last week that the United States subsidizes its
+farmers more than the EC.
+    However, the sources said EC corn subsidies are probably
+higher than the U.S. now because of increases since 1984.
+    Officials of several countries have been asked to
+contribute data to OECD so that the study can be updated to
+1985 subsidy levels, a much more relevant measure of the
+current world farm situation.
+    The updated calculations, which may take several months to
+complete, are expected to show substantial increases in U.S.
+subsidy levels for sugar because the U.S. imposed restrictive
+import quotas in 1982 as aid to the domestic industry.
+    U.S. subsidy levels also are increased by the 1985 farm
+bill, which sharply boosted government deficiency payments to
+grain farmers and applied a marketing loan for rice, officials
+added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11976" NEWID="7063">
+<DATE>19-MAR-1987 09:04:40.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0748&#31;reute
+u f BC-FIRST-AMERICAN-FINANC   03-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST AMERICAN FINANCIAL&lt;FAMR> IN SPECIAL PAYOUT</TITLE>
+<DATELINE>    SANTA ANA, Calif., March 19 - </DATELINE><BODY>First American Financial Corp
+said its board declared a special dividend of 20 cts per share
+and the regular 25 ct quarterly dividend, both payable April 15
+to holders of record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11977" NEWID="7064">
+<DATE>19-MAR-1987 09:06:17.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0756&#31;reute
+r f BC-CARIBOU-ENERGY-REVERS   03-19 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARIBOU ENERGY REVERSE SPLIT APPROVED</TITLE>
+<DATELINE>    DALLAS, March 19 - </DATELINE><BODY>&lt;Caribou Energy Inc> said shareholders
+have approved a one-for-100 reverse split that will take effect
+by tomorrow and the company has changed its name to &lt;Texas
+Petroleum Corp>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11978" NEWID="7065">
+<DATE>19-MAR-1987 09:06:25.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0757&#31;reute
+r f BC-NATIONAL-CAPITAL-&lt;NCE   03-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL CAPITAL &lt;NCETS> TO MAKE SALE</TITLE>
+<DATELINE>    SAN FRANCISCO, March 19 - </DATELINE><BODY>National Capital Real Estate
+Trust said it has entered into a definitive agreement to sell
+its Irvine Commercial Center in Irvine, Calif., to Shuwa Corp
+of California for 10.85 mln dlrs.
+    It said the buyer has pl;aced 250,000 dlrs into an escrow
+account as a nonrefundable deposit.
+    The trust said existing debt secured by the property of
+about 6,700,000 dlrs in due on completion of the transaction,
+which is expected in early April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11979" NEWID="7066">
+<DATE>19-MAR-1987 09:06:36.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0758&#31;reute
+d f BC-SWISSAIR-REPORTS-LOWE   03-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISSAIR REPORTS LOWER PROFIT AND DIVIDEND</TITLE>
+<DATELINE>    ZURICH, March 19 - </DATELINE><BODY>Swissair &lt;SWSZ.Z> reported a 5.8 pct
+drop in 1986 net profit to 64.5 mln Swiss francs and said that,
+in line with its new, flexible dividend policy, it would cut
+its payout to 33 francs per share from 38.
+    President Robert Staubli told a news conference that the
+first two months of this year gave hope that 1987 profit would
+at least equal last year's figure, but said much depended on
+outside factors such as fuel prices and the exchange rate.
+    The fall was largely due to a 60 mln franc loss on
+Swissair's core flying business last year, against a profit of
+27 mln francs the previous year, he said.
+    The net profit figure was reached after receipt of some 68
+mln francs from plane sales, compared with a mere 17 mln francs
+in 1985. Finance Head Martin Juenger said he expected around 20
+mln francs from sales this year, although said much depended on
+the speed with which it decided to sell its DC-10s.
+    Gross profit for 1986 reached 340.5 mln francs, with 276
+mln francs subtracted for ordinary depreciation.
+    Gross profits for the previous year had been 382.5 mln
+francs, with 314 mln subtracted for depreciation, including 45
+mln francs supplementary depreciation.
+    Staubli said the 1986 result, well below predictions made
+this time last year, suffered considerably due to exchange rate
+fluctuations, in particular the strength of the Swiss franc.
+    While the negative effects on revenue of the sharp drop in
+the dollar were partially compensated for by cheaper fuel
+prices, there was no such offset for the strength of the franc
+against other European currencies.
+    "Income and profit generated by services to these countries
+shrank by a very substantial margin," he said. "Exchange rate
+trends therefore hit us much more severely than most other
+airlines."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11980" NEWID="7067">
+<DATE>19-MAR-1987 09:07:14.88</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0763&#31;reute
+r f BC-roxy   03-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN ROXY IN NEW ALBERTA OIL DISCOVERY</TITLE>
+<DATELINE>    CALGARY, Alberta, March 19 - </DATELINE><BODY>&lt;Canadian Roxy Petroleum Ltd>
+said a new oil discovery in the Peerless Lake area of
+north-central Alberta is capable of flowing at over 1,000
+barrels of oil a day from a lower zone and more than 1,500
+barrels a day from a separate upper zone.
+    Canadian Roxy has a 35 pct interest in the five-year
+royalty free well, known as the Canadian Roxy et Al Trout
+A14-8-89-3 W5M. Texaco Canada Inc holds 25 pct, MLC Oil and Gas
+Ltd 15 pct, Northstar Energy Corp 13.5 pct and Tricentrol Oils
+Ltd 11.5 pct.
+    Canadian Roxy said drilling has started on a follow-up
+exploratory well about one mile northwest of the discovery
+well.
+    The company said it holds a net 6,500 acres in the vicinity
+of the discovery and a seismic program is underway to evaluate
+further drilling opportunities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11981" NEWID="7068">
+<DATE>19-MAR-1987 09:08:28.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0765&#31;reute
+u f BC-WASTE-MANAGEMENT&lt;WMX>   03-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASTE MANAGEMENT&lt;WMX> TO RAISE CHEMLAWN&lt;CHEM>BID</TITLE>
+<DATELINE>    OAK BROOK, ILL., March 19 - </DATELINE><BODY>Waste Management Inc said it
+sent a letter to the ChemLawn Corp board, saying it is prepared
+to increase its bid for ChemLawn to 33 dlrs a share,
+from 27 dlrs, if ChemLawn promptly negotiates and executes a
+simple two-step merger agreement containing only essential
+covenants and conditions.
+    Upon such an agreement, Waste Management said, it would
+amend its 27 dlrs a share cash tender offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11982" NEWID="7069">
+<DATE>19-MAR-1987 09:16:10.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0785&#31;reute
+u f BC-AMERICAN-CAN-&lt;AC>-FIL   03-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CAN &lt;AC> FILES 500 MLN DLR SHELF OFFER</TITLE>
+<DATELINE>    GREENWICH, Conn., March 19 - </DATELINE><BODY>American Can cop said it has
+filed a shelf registration covering 500 mln dlrs of debt
+securities to be issued from time to time.
+    It said proceeds will be used for general corporate
+purposes, which could include acquisitions, business
+investments or debt repayment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11983" NEWID="7070">
+<DATE>19-MAR-1987 09:17:31.25</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0793&#31;reute
+u f BC-U.S.-FIRST-TIME-JOBLE   03-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FIRST TIME JOBLESS CLAIMS FELL IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>New applications for unemployment
+insurance benefits fell to a seasonally adjusted 340,000 in the
+week ended March 7 from 373,000 in the prior week, the Labor
+Department said.
+    The number of people actually receiving benefits under
+regular state programs totaled 2,507,000 in the week ended Feb
+28, the latest period for which that figure was available.
+    That was up from 2,477,000 the previous week.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11984" NEWID="7071">
+<DATE>19-MAR-1987 09:17:56.77</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0796&#31;reute
+b f BC-COCOA-DELEGATES-OPTIM   03-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA DELEGATES OPTIMISTIC ON BUFFER STOCK RULES</TITLE>
+<AUTHOR>    By Lisa Vaughan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Hopes mounted for an agreement on cocoa
+buffer stock rules at an International Cocoa Organization,
+ICCO, council meeting which opened here today, delegates said.
+    Both producer and consumer ICCO members said after the
+opening session that prospects for an agreement on the cocoa
+market support mechanism were improving.
+    "The chances are very good as of now of getting buffer stock
+rules by the end of next week," Ghanaian delegate and producer
+spokesman Mama Mohammed told journalists.
+    Consumer spokesman Peter Baron called the tone of the
+negotiations "optimistic and realistic."
+    The ICCO council failed to agree on buffer stock rules when
+a new International Cocoa Agreement came into force in January,
+with deep differences of opinion precluding serious discussions
+on the matter at that time. The existing buffer stock of about
+100,000 tonnes of cocoa was frozen, with a funds balance of 250
+mln dlrs.
+    The ICCO made buffer stock rules negotiations a priority at
+this semi-annual council meeting in order to stop the slide in
+world cocoa prices.
+    Consumers and producers agreed yesterday on the principles
+as a basis for negotiations.
+    The council broke for lunch, and reconvenes at 1500 hrs. A
+working group which has been meeting since Monday will tackle
+the buffer stock rules issue again at 1600 hrs, when ICCO
+executive director Kobena Erbynn presents a fleshed-out version
+of a draft proposal he prepared earlier this week, delegates
+said.
+    Mohammed said delegates will have a much clearer indication
+of prospects for an accord after details of the rules are
+elaborated by Erbynn, and after producers and consumers meet
+separately later today to examine the scheme.
+    The draft proposal included three principles: a limit to
+non- member cocoa comprising the buffer stock, an offer system
+for buying buffer stock cocoa, and price differentials to be
+paid for various cocoas making up the buffer stock, delegates
+said.
+    During the morning council session, the Ivory Coast
+delegation gave "an open minded statement" that it is willing to
+work out a buffer stock rules solution which could come into
+effect as soon as possible, Baron said.
+    Ivorian Agriculture Minister Denis Bra Kanon, chairman of
+the ICCO council, was now expected to arrive in London Monday
+to attend the talks, Baron said. Vice chairman Sir Denis Henry
+of Grenada chaired the meeting in his place.
+    Soviet and East German delegates did not attend the council
+session because of a conflicting International Sugar
+Organization meeting today, but could arrive this afternoon,
+delegates said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11985" NEWID="7072">
+<DATE>19-MAR-1987 09:18:03.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0797&#31;reute
+r f BC-STUARTS-DEPARTMENT-ST   03-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STUARTS DEPARTMENT STORES &lt;STUS> 4TH QTR NET</TITLE>
+<DATELINE>    HOPKINTON, Mass., March 19 - </DATELINE><BODY>Ended Jan 31
+    Shr one ct vs 31 cts
+    Net 29,000 vs 1,350,000
+    Revs 43.7 mln vs 32.4 mln
+    Year
+    Shr 29 cts vs 62 cts
+    Net 1,251,000 vs 2,520,000
+    Revs 129.9 mln vs 96.1 mln
+    NOTE: Full name Stuarts Department Stores Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11986" NEWID="7073">
+<DATE>19-MAR-1987 09:18:12.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0798&#31;reute
+r f BC-IOMEGA-CORP-&lt;IOMG>-EX   03-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IOMEGA CORP &lt;IOMG> EXPECTS QTR AND YEAR LOSSES</TITLE>
+<DATELINE>    ROY, Utah, March 19 - </DATELINE><BODY>Iomega Corp announced it expected
+revenues for the first quarter of 1987 to be significantly
+lower than planned and that it anticipated a loss for the
+quarter.
+    In its annual report to be mailed to stockholders tomorrow,
+the company will announce its first quarter loss will be in
+excess of 10 mln dlrs primarily as a result of lower than
+anticipated revenues.
+    The company said it recored net income of 4,572,000 dlrs,
+or 30 cts per share, for its first quarter fiscal 1986, on
+revenues of 35.0 mln.
+    The company said it lowered its revenue plan for the
+balance of 1987 and also expects to record a loss for the
+entire 1987 year.
+    Iomega said the first quarter loss will place the company
+in default under certain covenants in its bank line of credit
+unless these covenants are modified.
+    The company is currently exploring alternatives for raising
+additional funds through a debt for equity financing.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11987" NEWID="7074">
+<DATE>19-MAR-1987 09:18:17.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0799&#31;reute
+r f BC-3COM-CORP-&lt;COMS>-3RD   03-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>3COM CORP &lt;COMS> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 19 -
+    </DATELINE><BODY>Shr 22 cts vs 13 cts
+    Net 3,166,000 vs 1,780,000
+    Sales 30.4 mln vs 16.9 mln
+    Avg shrs 14.6 mln vs 14.0 mln
+    Nine mths
+    Shr 56 cts vs 33 cts
+    Net 7,961,000 vs 4,562,000
+    Sales 78.8 mln vs 44.7 mln
+    Avg shrs 14.3 mln vs 13.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11988" NEWID="7075">
+<DATE>19-MAR-1987 09:18:25.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0800&#31;reute
+d f BC-PORSCHE-HALF-YEAR-EAR   03-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORSCHE HALF-YEAR EARNINGS CALLED SATISFACTORY</TITLE>
+<DATELINE>    STUTTGART, March 19 - </DATELINE><BODY>Dr. Ing. H.C.F. Porsche AG &lt;PSHG.F>
+said earnings in first half year 1986/87 were "satisfactory"
+despite burdens caused by the dollar's weakness against the
+mark and stagnating domestic demand.
+    In its semi-annual shareholders' report, Porsche said first
+half turnover fell six pct to 1.71 billion marks from 1.83
+billion in the same period of 1985/86.
+    However, earnings were satisfactory, it said, without
+giving absolute figures.
+    Domestic turnover fell 26 pct to 283 mln marks from 380
+mln.
+    Foreign turnover dipped to 1.43 billion marks from 1.45
+billion in the first half of last year, although the export
+quota rose to 83 pct from 79 pct.
+    The car sector accounted for 1.51 billion marks of
+turnover, against 1.63 billion the year earlier, it said.
+    Production dropped five pct to 25,876 cars from 27,381.
+Manufacture of the 911 and 928 models rose six pct to 11,122
+from 10,533 units but production of 924 and 944 models was cut
+by 12 pct to 14,754 units from 16,848 and would be cut further,
+the report said.
+    Car sales fell four pct to 25.269 units from 26,414 in the
+comparable half year, the report said. U.S. Demand continued
+for all models but demand fell in other markets.
+    Domestic sales were 39 pct down at 3,267 units from 5,397,
+while sales abroad rose five pct to 22,002 from 21,017. Share
+of exports in sales rose to 87 pct from 80 pct.
+    Investments were reduced to 108 mln marks from 125 mln.
+    Earnings were hit by lower sales and by the lower value of
+the dollar and currencies in other important markets.
+    Nevertheless, sales and turnover would finish the July 11
+year at a "high level," Porsche said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11989" NEWID="7076">
+<DATE>19-MAR-1987 09:18:47.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0804&#31;reute
+s f BC-PROGRESSIVE-BANK-INC   03-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROGRESSIVE BANK INC &lt;PSBK> </TITLE>
+<DATELINE>    PAWLING, N.Y., March 19 -
+    </DATELINE><BODY>Qtly div seven cts vs seven cts in prior qtr
+    Payable April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11990" NEWID="7077">
+<DATE>19-MAR-1987 09:18:50.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0805&#31;reute
+s f BC-GERIATRIC-AND-MEDICAL   03-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERIATRIC AND MEDICAL CENTERS INC &lt;GEMC> PAYOUT</TITLE>
+<DATELINE>    PHILADELPHIA, March 19 -
+    </DATELINE><BODY>Qtly div two cts vs two cts prior
+    Pay April 24
+    Record April Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11991" NEWID="7078">
+<DATE>19-MAR-1987 09:22:29.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0818&#31;reute
+d f BC-CONVENIENT-FOOD-MART   03-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONVENIENT FOOD MART INC &lt;CFMI> 4TH QTR NET</TITLE>
+<DATELINE>    ROSEMONT, ILL., March 19 - </DATELINE><BODY>Period ended Dec 28
+    Shr 42 cts vs 35 cts
+    Net 941,000 vs 786,000
+    Revs 12,798,000 vs 2,269,000
+    Year
+    Shr 97 cts vs 83 cts
+    Net 2,211,000 vs 1,841,000
+    Revs 19,027,000 vs 6,474,000
+    NOTE: 1985 period ended December 29
+    Share results adjusted for five-for-four stock split on
+April 28, 1986 and 10 pct stock dividend issued Dec 10, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11992" NEWID="7079">
+<DATE>19-MAR-1987 09:22:36.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0819&#31;reute
+d f BC-MEDCHEM-PRODUCTS-INC   03-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDCHEM PRODUCTS INC &lt;MDCH> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    ACTON, Mass., March 19 -
+    </DATELINE><BODY>Shr 21 cts vs 21 cts
+    Net 542,119 vs 520,668
+    Sales 2,035,759 vs 1,804,350
+    1st half
+    Shr 38 cts vs 42 cts
+    Net 956,228 vs 1,038,300
+    Sales 3,748,357 vs 3,482,066
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11993" NEWID="7080">
+<DATE>19-MAR-1987 09:25:55.75</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0826&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 191 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The Bank of England said it gave the
+money market a further 191 mln stg assistance in the afternoon
+session. This takes the Bank's total help so far today to 372
+mln stg and compares with its upwards revised estimate of the
+shortage in the system of around 400 mln stg.
+    The central bank bought bank bills outright comprising 15
+mln stg in band one at 9-7/8 pct and 176 mln stg in band two at
+9-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11994" NEWID="7081">
+<DATE>19-MAR-1987 09:26:47.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0830&#31;reute
+b f BC-HAMBURGISCHE-LB-ISSUE   03-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAMBURGISCHE LB ISSUES 50 MLN CANADIAN DLR NOTES</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Hamburgische Landesbank Girozentrale is
+issuing a 50 mln Canadian dollar issue due May 6, 1990 carrying
+a coupon of 8-1/4 pct and priced at 101-3/8, said Merrill Lynch
+Capital Markets as lead manager.
+    The notes are available in denominations of 1,000 and
+10,000 dlrs, with payment set for May 6. The securities will be
+listed in Luxembourg.
+    There is a 7/8 pct selling concesssion and a 1/2 pct
+combined management and underwriting fee.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11995" NEWID="7082">
+<DATE>19-MAR-1987 09:27:50.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0832&#31;reute
+u f BC-JEFFERIES-MAKES-MARKE   03-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES MAKES MARKET GENCORP, AMERICAN EXPRESS</TITLE>
+<DATELINE>    LOS ANGELES, MARCH 19 - </DATELINE><BODY>Jefferies and Co said this morning
+that it is making a market in Gencorp &lt;GY>. The bid is 106 and
+the ask is 111.
+    Jefferies also said it is making a market in American
+Express &lt;AXP>. Jeffries opened the stock and the bid is 79-1/2
+and the ask is 81.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11996" NEWID="7083">
+<DATE>19-MAR-1987 09:28:00.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0833&#31;reute
+r f BC-pagurian   03-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PAGURIAN CORP LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 19 -
+    </DATELINE><BODY>Shr 1.64 dlrs vs 90 cts
+    Net 64.9 mln vs 28.8 mln
+    Revs 73 mln vs 35 mln
+    NOTE: Shares outstanding 39.5 mln vs 32.1 mln. Avg shrs not
+given.
+    Company recently raised equity and voting interests in
+&lt;Hees International Corp> to 13.4 pct and 16.1 pct,
+respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11997" NEWID="7084">
+<DATE>19-MAR-1987 09:28:14.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0834&#31;reute
+r f BC-NRM-ENERGY-&lt;NRM>-PREF   03-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NRM ENERGY &lt;NRM> PREFERRED OFFERING UNDERWAY</TITLE>
+<DATELINE>    DALLAS, MArch 19 - </DATELINE><BODY>NRM Energy Co LP said an offering of
+eight mln two dlr cumulative convertible acquisition preferred
+units is underway at 18 dlrs each through underwriters led by
+Sears, Roebuck and Co Inc's &lt;S> Dean Witter Reynolds Inc,
+Donaoldson, Lufkin and Jenrette Securities Corp, E.F. Hutton
+Group Inc &lt;EFH>, PaineWebber Group Inc &lt;PWJ> and Oppenheimer
+and Co IOnc.
+    It said underwriters have an option to buy up to another
+1,200,000 of the units, which represent preferred limited
+partner interests, to cover overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11998" NEWID="7085">
+<DATE>19-MAR-1987 09:30:27.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0841&#31;reute
+d f BC-UNILEVER-PLC-ADJUSTS   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNILEVER PLC ADJUSTS DIVIDEND</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Unilever Plc &lt;UN.AS> said a reduction in
+U.K. Advance Corporation Tax, (ACT) has prompted the company to
+adjust its 1986 final dividend to 36.17p per share from the
+originally declared 35.18p.
+    Unilever's 1985 final dividend amounted 27.05p
+    The adjustment stemmed from the dividend equalisation
+agreement between the British company and its Dutch partner
+Unilever NV. ACT in respect of any dividend paid by Unilever
+Plc has to be treated as part of the dividend.
+    Unilever NV final dividend remains 10.67 guilders as
+declared with the 1986 results on March 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11999" NEWID="7086">
+<DATE>19-MAR-1987 09:30:53.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0842&#31;reute
+d f BC-PARIS-TO-ADD-THREE-ST   03-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIS TO ADD THREE STOCKS TO CONTINUOUS QUOTATION</TITLE>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>The Paris Bourse will add a further three
+stocks to its computerised continuous trading system from March
+24, bringing the total number of continuously traded stocks to
+54, the Stockbrokers' Association said.
+    The shares are &lt;Bazar de l'Hotel de Ville> (BHV), &lt;Dollfus
+Mieg et Cie> (DMC) and &lt;Maisons Phenix>.
+    The Bourse has said it hopes to have at least 100 companies
+quoted continuously by the end of this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12000" NEWID="7087">
+<DATE>19-MAR-1987 09:32:31.78</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>jordan</D><D>sudan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0852&#31;reute
+r f BC-JORDAN,-SUDAN-SIGN-10   03-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JORDAN, SUDAN SIGN 100 MLN DLR BARTER TRADE PACT</TITLE>
+<DATELINE>    AMMAN, March 19 - </DATELINE><BODY>Jordan and Sudan signed a barter trade
+agreement under which they will exchange 100 mln dlrs' worth of
+goods a year, Sudanese officials said.
+    They said Sudan will export corn, sesame, peanuts, spices
+and cow hides, while Jordan will export cement, tomato puree,
+chemicals and pharmaceuticals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12002" NEWID="7088">
+<DATE>19-MAR-1987 09:34:42.05</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0861&#31;reute
+u f BC-NEW-MARKET-EMERGES-IN   03-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW MARKET EMERGES IN WARRANTS FOR GOLD</TITLE>
+<AUTHOR>    By Donald Nordberg, Reuters</AUTHOR>
+<DATELINE>    ZURICH, March 19 - </DATELINE><BODY>A new market has emerged in warrants to
+buy gold, a vehicle which bankers say brings some of the play
+of commodity options into the field of securities.
+    Over the past three weeks, Swiss offices of American banks
+have launched a total of four issues of warrants with varying
+conditions, drawing on renewed inflationary worries and the
+recovery of the gold price last year.
+    And Credit Suisse and Credit Suisse-First Boston each
+issued Swiss franc bonds with warrants for gold which have a
+similar character, though they are aimed at a less professional
+market.
+    The market is still small. Taken together, the four
+American-led warrant issues raised only about 50 mln Swiss
+francs.
+    But banks believe the vehicle meets a need of investors and
+predicted a lively future.
+    Andrew Barrett of Citicorp Investment Bank (Switzerland) AG
+said: "The warrants give smaller investors a chance to have a
+long-term investment in gold with limited risk."
+    Citicorp in Zurich launched the first of these warrants on
+February 27, following it up with a second issue less than a
+week later. The issuer in both cases was Citibank NA.
+    The idea found some quick copies. Goldman Sachs in Zurich
+organized and co-led an issue for the Swiss branch of Banque
+Indosuez on March 9 and last night Morgan Guaranty
+(Switzerland) AG did another for Morgan Guaranty Trust Co of
+New York.
+    The four issues now offer investors striking prices for
+gold ranging from the Indosuez issue at 410 dlrs an ounce, the
+same price as the underlying commodity, to a 430 dlr level on
+the first one for Citibank.
+    The premiums range from 22 pct to 36 pct and maturities
+from 18 months to four years and three months, in all cases
+longer than gold futures and options on U.S. Markets.
+    The bankers traced the inspiration for the market back to
+the February report of U.S. Consumer prices for January, when a
+jump of 0.7 pct raised again the threat of inflation.
+    "Many people are worried about inflation again," said Mats
+Joensson of Goldman Sachs. "Money supply in Germany and the
+United States has grown very strongly in the last year and
+people want to take a ride on gold."
+    The gold market, having seen strong gains in 1986, has
+languished just above 400 dlrs an ounce over the past few
+weeks. But the banks saw in warrants the vehicle for a more
+highly leveraged play where the downside risk was limited.
+    Barrett said it was natural that the market developed in
+Switzerland. "People here understand gold, and they understand
+warrants," he said.
+    Citicorp (Switzerland) pioneered warrants with a series of
+equity-linked covered issues based on Japanese company shares
+over the past two years, and last autumn, Swiss banks launched
+covered warrants in Swiss registered shares in a bid to give
+foreign investors a chance to play in a market otherwise closed
+to all but Swiss citizens, and to play it with higher leverage.
+    But after a quick flurry of issues, that market dried up
+when Swiss shares prices fell from their January peaks.
+    The issues are being marketed not on the basis of simple
+premiums, but on implicit volatility models devised to provide
+scientific comparisons between titles in the options market.
+    Martin Bachem of Morgan Guaranty said his bank's issue was
+competitive despite its relatively high premium. The issue, for
+five ounces at 425 dlrs, was priced at 955 Swiss francs, making
+a premium over the spot gold price of nearly 36 pct.
+    Using a Black Sholes options model, he said the issue's
+long, 4.3-year maturity meant the warrants needed an implicit
+volatility of gold of only 24.5 pct for the option to pay off,
+which he claimed was lower than the other issues.
+    But Barrett said the Black Sholes variant Citicorp used
+pointed to a higher volatily for the Morgan issue and
+emphasized that the models were at best an inexact science.
+    And each bank, using its own model, put the implicit
+volatility needed for its own issue at close to 25 pct.
+    Whatever the calculation, the issues have received a warm
+welcome from investors.
+    Joensson of Goldman Sachs said there was a lot of demand,
+even among small investors, who were buying 15 or 20 warrants
+apiece. "The most sophisticated ones wouldn't buy these because
+the premiums are too high," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12001" NEWID="7089">
+<DATE>19-MAR-1987 09:37:05.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0872&#31;reute
+f f BC-******JEFFERIES-GROUP   03-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JEFFERIES GROUP CHAIRMAN RESIGNS, PLEADS GUILTY TO SECURITIES VIOLATIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12003" NEWID="7090">
+<DATE>19-MAR-1987 09:37:54.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0876&#31;reute
+r f BC-METRO-FUNDING-SHAREHO   03-19 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METRO FUNDING SHAREHOLDERS APPROVE MERGER</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>&lt;Metro Funding Corp> said its
+shareholders approved its merger into &lt;Maxcom Corp> and its
+change of incorporation from Nevada to Delaware.
+    Metro Funding also said its subsidiary, Comet Corp, will be
+renamed Maxcom USA.
+    The company also reported shareholders approved the
+authorization of 500,000 shares of common stock to be set aside
+for an incentive stock option plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12004" NEWID="7091">
+<DATE>19-MAR-1987 09:38:18.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0877&#31;reute
+r f BC-HITACHI-&lt;HIT>-UNIT-LA   03-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HITACHI &lt;HIT> UNIT LAUNCHES NEW FLOPPY DISK</TITLE>
+<DATELINE>    MOONACHIE, N.J., March 19 - </DATELINE><BODY>Hitachi Ltd's Maxell Corp of
+America introduced a floppy disk with expanded storage
+capacity.
+    The company said the 5-1/4-inch disk has a storage capacity
+of 3.2 megabytes unformatted, and is in response to user demand
+for higher capacity media for newly introduced machines and
+drives.
+    Maxell said the disk will operate with the newly developed
+YD-801 drive, to be produced by Y-E Data Inc, Tokyo, and
+planned for introduction later this year in the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12005" NEWID="7092">
+<DATE>19-MAR-1987 09:38:42.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0880&#31;reute
+d f BC-BLOCKBUSTER-ENTERTAIN   03-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLOCKBUSTER ENTERTAINMENT CORP &lt;BBEC> YEAR LOSS</TITLE>
+<DATELINE>    DALLAS, March 19 -
+    </DATELINE><BODY>Oper shr loss 1.25 dlrs vs loss 44 cts
+    Oper net loss 2,915,000 vs loss 951,000
+    Revs 8,131,000 vs 119,000
+    NOTE: 1985 net excludes 625,000 dlr gain from discontinued
+operations.
+    Net includes tax credits of 860,000 dlrs vs 285,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12006" NEWID="7093">
+<DATE>19-MAR-1987 09:39:01.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0881&#31;reute
+u f BC-TELECOM-&lt;TELE>-SAYS-S   03-19 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELECOM &lt;TELE> SAYS SALE CLOSING DELAYED</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 19 - </DATELINE><BODY>Telecom Plus International Inc
+said the closing of the sale of its 65 pct interest in Tel Plus
+Communications Inc to &lt;Siemens AG> has been delayed.
+    The company said it will be continuing its talks with
+Siemens and based on current circumstances believes the
+transaction could close next week.
+    Closing had been scheduled for March 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12007" NEWID="7094">
+<DATE>19-MAR-1987 09:39:43.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>boesky</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0882&#31;reute
+u f BC-JEFFERIES-&lt;JEFG>-CHAI   03-19 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES &lt;JEFG> CHAIRMAN PLEADING GUILTY, QUITS</TITLE>
+<DATELINE>    LOS ANGELES, March 19 - </DATELINE><BODY>Jefferies Group Inc said founder
+and chairman Boyd L. Jefferies has resigned and intends to
+plead guilty to two felony counts of violating federal
+securities laws.
+    The company said neither Boyd Jefferies nor the company
+ever engaged in insider trading and neither he nor the company
+ever sought or communicated insider information or violated ny
+trust of confidence placed in them by customers.  It said no
+governmental authority has ever alleged any such activity on
+Boyd Jefferies' part or the part of the company.
+    The company said Boyd Jefferies has consented to an
+administrative order barring him from the securities business
+for at least five years and he has agreed to place his 13 pct
+holding in Jefferies Group stock in a voting trust during that
+period.
+    The company said, without admitting any allegations made by
+the Securities and Exchange Commission, Boyd Jefferies,
+Jefferies Group and primary brokerage subsidiary Jefferies and
+Co also consented to an injunction barring any future
+securities laws violations.
+    It said Jefferies and Co has agreed further to undertake
+reviews to assure that its internal recordkeeping and other
+control systems are in compliance with federal laws.
+    The company said president and chief operating officer
+Frank E. Baxter will assume the added duties of chief executive
+officer.  Boyd Jefferies had been chief executive.
+    The company said the criminal charges against Boy Jefferies
+resulted from a transaction in which, on behalf of Jefferies
+and Co, he agreed to purchase stocks from entities controlled
+by Ivan F. Boesky and later resell the stock to the Boesky
+firms.
+    It said "Within days of the purchase, the market value of
+one of the stocks fell sharply and, pursuant to their
+agreement, a Boesky entity paid Jefferies and Co three mln dlrs
+to offset the loss.
+    The company said Boyd Jefferies will admit that following
+the loss he ordered that Boesky receive a bill for three mln
+dlrs for investment advisory and corporate finance services,
+although Jefferies and Co treated the three mln dlrs as an
+offset to the losses it experienced.
+    It said by rendering the involice, Boyd Jefferies
+apparently enabled one of the Boesky entities to make a false
+entry in its books, resulting in the charge, to which Boyd
+Jefferies will plead guilty, of aiding and abetting one of the
+Boesky firms in making false entries on its books.
+    The company said Boyd Jefferies will also plead guilty to a
+margin violation resulting from a transaction in which he
+caused Jefferies and Co to buy shares at the request of a
+customer in the company's trading account.
+    It was expected that the customer would be responsible for
+any loss on the shares and would also receive any profit, and
+because the customer had not put up any funds for the purchase,
+Boyd Jefferies had in effect caused Jefferies and Co to finance
+the full purchase price for the shares in violation of margin
+requirements, the company said.
+    The company quoted Boyd Jefferies as saying, "I fully
+accept sole responsibility for these transactions.  I think it
+is appropriate that I suffer the consequences for my actions
+rather than the company."
+    Jefferies Group said it expects no impact on its operations
+or client base from Boyd Jefferies' departure.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12008" NEWID="7095">
+<DATE>19-MAR-1987 09:42:00.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0890&#31;reute
+u f BC-EC-APPROVES-680-MLN-S   03-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC APPROVES 680 MLN STG U.K. AID TO ROVER GROUP</TITLE>
+<DATELINE>    BRUSSELS, March 19 - </DATELINE><BODY>The European Community (EC) Commission
+said it approved a 680 mln stg British government aid package
+to state-owned Rover Group Plc &lt;BLLL.L> to restructure and
+privatise the group's bus and truck subsidiaries.
+    In a statement, the commission said Rover's &lt;Leyland
+Trucks> subsidiary would be financially and physically
+restructured following a recently announced merger between
+Leyland Trucks and &lt;DAF> of the Netherlands.
+    The Commission said government aid for this program was
+justified because it would contribute to Europe-wide
+rationalisation of the truck sector.
+    The amount of aid approved is slightly below the 750 mln
+stg the British government had planned to grant Rover by
+writing off accumulated losses and other costs.
+    The Commission said there was overcapacity in the European
+truck industry estimated at between 25 and 40 pct.
+    It said its approval of the aid also took into account the
+consequences for jobs and for the regions affected by the
+restructuring.
+    Under EC rules, the Commission has to approve all
+government aid to industry.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12009" NEWID="7096">
+<DATE>19-MAR-1987 09:47:27.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0901&#31;reute
+u f BC-THE-HOME-DEPOT-INC-&lt;H   03-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE HOME DEPOT INC &lt;HD> 4TH QTR FEB ONE NET</TITLE>
+<DATELINE>    ATLANTA, March 19 -
+    </DATELINE><BODY>Shr 27 cts vs 10 cts
+    Net 7,684,000 vs 2,587,000
+    Revs 273.9 mln vs 203.7 mln
+    Year
+    Shr 90 cts vs 33 cts
+    Net 23.9 mln vs 8,219,000
+    Revs 1.01 billion vs 700.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12010" NEWID="7097">
+<DATE>19-MAR-1987 09:57:41.28</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0926&#31;reute
+u f BC-U.S.-ENERGY-CHIEF-SEE   03-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY CHIEF SEES PROMISE IN OIL-TAX CHANGE</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Energy Secretary John Herrington
+said his proposed option to raise the oil depletion allowance
+to 27.5 pct was probably the most economically promising way to
+spur domestic production.
+    The White House has said it would consider the option
+although it was generally opposed to any revisions in the new
+tax code.
+    Herrington told a meeting of the Mid-Continent Oil and Gas
+Association that the higher depletion allowance on new oil and
+enhanced oil recovery would cost taxpayers about 200 mln dlrs a
+year.
+    The option was one of many contained in a report on oil and
+the national security the Energy Department sent to the White
+House on Tuesday.
+    Herrington said of the increased depletion allowance
+option: "that is one that could significantly increase
+production at a very low cost to the American taxpayer."
+    He again rejected an oil import fee as far too costly to
+the overall U.S. economy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12011" NEWID="7098">
+<DATE>19-MAR-1987 10:01:22.19</DATE>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0941&#31;reute
+f f BC-******U.S.-PERSONAL-I   03-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. PERSONAL INCOME ROSE 0.9 PCT IN FEBRUARY, SPENDING UP 1.7 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12013" NEWID="7099">
+<DATE>19-MAR-1987 10:03:13.49</DATE>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0952&#31;reute
+b f BC-/U.S.-PERSONAL-INCOME   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PERSONAL INCOME ROSE 0.9 PCT IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>U.S. personal income rose 0.9 pct,
+or 32.4 billion dlrs, in February to a seasonally adjusted
+annual rate of 3,581.3 billion dlrs, the Commerce Department
+said.
+    The increase followed a revised 0.2 pct rise in personal
+income during January. Earlier, the department estimated
+January personal income was unchanged.
+    The February incomes rise was the largest monthly increase
+since a 1.2 pct rise in April 1986, the department said. It
+attributed last month's rise to several factors, including
+subsidy payments to farmers and government pay raises.
+    The department said personal consumption expenditures were
+up during February by 1.7 pct or 49.1 billion dlrs to 2,855.9
+billion dlrs after falling by 58.4 billion dlrs or two pct in
+January.
+    Purchases of durable goods were up 24.8 billion dlrs last
+month after decreasing by 69.7 billion dlrs in January with
+sales of motor vehicles accounting for most of the February
+increase and the January decline, the department said.
+    Purchases of nondurables rose 10.7 billion dlrs in February
+after a 300 mln dlr increase in January.
+    The Commerce Department said wage and salary incomes were
+up 15.6 billion dlrs in February after an 8.6 billion dlr rise
+in January.
+    Manufacturing payrolls increased by 2.4 billion dlrs last
+month after rising 1.9 billion dlrs in February with the gains
+widespread through durable and nondurable industries, the
+department said.
+    Farmers' incomes increased by 12.2 billion dlrs in February
+after declining by 8.7 billion dlrs in January. Both last
+month's increase and January's fall in farm incomes was because
+of government subsidy payments, the department said.
+    Personal tax and nontax payments fell 5.5 billion dlrs in
+February following a 19.5 billion dlrs January drop. The 
+declines were a result of the Tax Reform Act of 1986.
+    Federal withheld income taxes were up in February from a
+month earlier but that was offset by declines in federal
+nonwithheld taxes and lower state and local income taxes.
+    Disposable personal income in February after taxes was up
+1.2 pct or 37.8 billion dlrs to 3,063.4 billion dlrs after
+rising 25.8 billion dlrs in January.
+    The personal savings rate eased to 3.6 pct in February from
+four pct in January, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12012" NEWID="7100">
+<DATE>19-MAR-1987 10:07:11.99</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0960&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 40 MLN STG LATE ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The bank of England said it provided the
+money market with late assistance of around 40 mln stg. This
+brings the Bank's total help today to some 412 mln stg and
+compares with its forecast of a shortage in the sytem of around
+400 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12014" NEWID="7101">
+<DATE>19-MAR-1987 10:08:14.77</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0965&#31;reute
+u f BC-slaughter-guesstimate   03-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 295,000 to 305,000 head versus
+307,000 week ago and 311,000 a year ago.
+    Cattle slaughter is guesstimated at about 124,000 to
+128,000 head versus 127,000 week ago and 126,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12015" NEWID="7102">
+<DATE>19-MAR-1987 10:09:02.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0967&#31;reute
+u f BC-DEUTSCHE-BABCOCK-SEES   03-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE BABCOCK SEES HIGHER 1986/87 PROFITS</TITLE>
+<DATELINE>    OBERHAUSEN, West Germany, March 19 - </DATELINE><BODY>Deutsche Babcock AG
+&lt;DBCG.F> expects profits to rise in the current financial year
+ending September 9 although the earnings level is still
+unsatisfactory, managing board chairman Helmut Wiehn said.
+    He told a news conference that business during the year had
+weakened somewhat but was still generally positive.
+    Sales during the first five months to February was 1.26
+billion marks, 46.7 pct down from the same 1985/86 period.
+However, he expected turnover for the year to be approximately
+unchanged from the previous year's 5.14 billion marks when
+current orders from major projects are booked.
+    Wiehn said incoming orders in the first five months to end-
+February totalled 2.50 billion marks compared with 2.04 billion
+for the same period in 1985/86. They included a 45.8 pct
+increase in domestic orders to 1.57 billion marks.
+    Orders in hand for the five months were 16.7 pct higher at
+8.64 billion marks.
+    Wiehn added that Babcock was still aiming for a three pct
+yield on turnover. In the year to September 1986 group profits
+totalled 39 mln marks on sales of 5.14 billion against the
+previous year's 32 mln on 5.11 billion marks.
+    Parent company turnover was unchanged at 25.6 mln marks.
+    Wiehn said Babcock's liquidity had clearly improved in the
+current business year, with financial reserves in the first
+five months rising by 237 mln marks to 831 mln after increasing
+by 408 mln marks to 594 mln in 1985/86.
+    He said pre-tax earnings per share for 1985/86, according
+to the DVFA method, were 26.95 marks from 21.40 marks and
+earnings after tax rose to 10 marks from 8.10.
+    The company earlier said dividend will be unchanged at
+three marks for ordinary shares and 3.50 marks for preference
+shares.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12016" NEWID="7103">
+<DATE>19-MAR-1987 10:14:06.09</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>biffex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0974&#31;reute
+u f BC-SOVIET-TIMECHARTERING   03-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET TIMECHARTERING BOOSTS GRAIN FREIGHT RATES</TITLE>
+<AUTHOR>    By Colin Brinsden, Reuters.</AUTHOR>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Current interest by Soviet charterers in
+taking Panamax vessels on timecharter, mainly from the U.S. To
+carry grain, is seen as the chief factor behind the recent
+surge in values on the Baltic International Freight Futures
+Exchange (BIFFEX), dealers said.
+    Futures soared through the 1,000 points barrier today for
+the first time in the spot position since the market opened in
+May 1985. However, the market tends to be nervous, with values
+some 100 points above the Baltic Freight Index, which is
+calculated on spot physical rates.
+    No specific figure has been put for Soviet bookings but
+they have been sufficient to drain Panamax tonnage (about
+50,000 to 65,000 tonnes dw) from the U.S. Gulf which would
+normally operate on the trip to Japan, dealers said.
+    "It appears that the Chernobyl disaster had a worse effect
+on its (the Soviet) grain harvest than reported," one said.
+    Freight rates on the Gulf/Japan grain route have
+subsequently been the main beneficiary of current chartering
+conditions, with very few, if any, Panamax sized ships left for
+the remainder of this month in the Gulf. Rates have risen
+steadily for vessels loading next month.
+    Dealers said there is even talk that owners are considering
+taking older vessels out of lay-up to meet current demand.
+    Sentiment has also been aided by suggestions that Chinese
+operators may be in the market for similar timecharter business
+later in the year, they said.
+    They anticipate this would appear around June and it has
+prompted keen demand in the July BIFFEX contract, despite it
+normally being a slack time in the shipping year.
+    Market sentiment has fluctuated in recent weeks. Rates
+turned down as an earlier rise in bunker prices, which had
+supported the market at the start of the year, faltered but
+then recovered on the reported Soviet interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12017" NEWID="7104">
+<DATE>19-MAR-1987 10:14:15.33</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T G
+&#22;&#22;&#1;f0975&#31;reute
+u f BC-DROUGHT-MAY-REDUCE-ZI   03-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DROUGHT MAY REDUCE ZIMBABWE COFFEE OUTPUT -GROWERS</TITLE>
+<DATELINE>    HARARE, March 19 - </DATELINE><BODY>Zimbabwe's projected coffee output of
+13,000 tonnes for 1987/88 could be reduced by drought, growers
+said.
+    The main coffee growing areas in eastern Zimbabwe have
+received little rain since April 1986 and the Coffee Growers'
+Association has begun a survey to assess the effects of the
+drought, a spokesman said.
+    Zimbabwe exported 11,000 tonnes of coffee in 1986, mainly
+to West Germany, Britain, Japan, the Netherlands, Switzerland
+and the United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12018" NEWID="7105">
+<DATE>19-MAR-1987 10:14:48.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0977&#31;reute
+r f BC-TURKISH-DEBT-REACHED   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH DEBT REACHED 31.4 BILLION DLRS AT END-1986</TITLE>
+<AUTHOR>    By Paul Bolding, Reuters</AUTHOR>
+<DATELINE>    ANKARA, March 19 - </DATELINE><BODY>Turkey's external debt rose to the
+equivalent of 31.4 billion dlrs at end-1986 from 25.4 billion a
+year earlier, Treasury Under-secretary Yavuz Canevi said.
+    Canevi, who gave the figure at a briefing on the Turkish
+economy arranged for Ankara-based diplomats, said the
+short-term component was 9.6 billion dlrs at end-1986, up from
+6.6 billion.
+    Much of Turkey's debt is denominated in currencies other
+than the dollar. Canevi said the increase expressed in dollar
+terms was partly attributable to the fall in value of the U.S.
+Currency.
+    While the rise in total debt was about 24 pct in dollar
+terms, it would be only 11 pct if expressed in special drawing
+rights and would represent a fall of 11 pct if expressed in the
+West German mark, he said.
+    On the rise in short-term debt, Canevi said half the amount
+was in Turkish citizens' foreign exchange deposits. "On a macro
+level it is a liability but it is not really a liability
+because it will be repaid in Turkish lira," he added.
+    Canevi was Governor of the Turkish Central Bank until last
+November, when he was promoted to Under-secretary for the
+Treasury and Foreign Trade, a key economic management post.
+    Canevi listed what he called the assets of the Turkish
+economy, including liberalisation in the last three years, the
+country's geographical position and the strength of its
+agriculture and manpower skills.
+    The debt picture was one of three liabilities, he said,
+along with the failure to reduce inflation swiftly and
+impatience. "We are an impatient nation ... We should be patient
+enough to achieve better results," he added.
+    Wholesale prices on an index issued by Canevi's department
+rose 27.4 pct in the year to February, compared with 33.3 pct a
+year earlier.
+    On inflation, Canevi said: "We have chosen to reduce
+inflation in a moderate way. We could have reduced it in two
+years from 25 pct to five pct but we needed growth ... We
+already have high unemployment."
+    "I don't blame people who are sick and tired of living with
+inflation but it was 100 per cent before. The trend is down, so
+let's be patient and not distort overall policies and we will
+achieve our targets in one or two years," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12019" NEWID="7106">
+<DATE>19-MAR-1987 10:18:22.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0996&#31;reute
+f f BC-******PILLSBURY-CO-3R   03-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PILLSBURY CO 3RD QTR SHR 56 CTS VS 63 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12020" NEWID="7107">
+<DATE>19-MAR-1987 10:19:06.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0998&#31;reute
+u f BC-CONTROL-RESOURCE-&lt;CRI   03-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTROL RESOURCE &lt;CRIX> SEES LOWER EARNINGS</TITLE>
+<DATELINE>     MICHIGAN CITY, Ind., March 19 - </DATELINE><BODY>Control Resource
+Industries Inc said the company estimates 1986 earnings to be
+between 800,000 and 900,000 dlrs, or 22 to 25 cts per share,
+compared with 852,000 dlrs, or 33 cts per share, during 1985.
+    The company said preliminary estimates of 1986 revenues is
+24.5 mln dlrs, compared with 7,900,000 for 1985.
+    The estimated 1986 results are based on 3,207,000 shares
+outstanding, compared to 2,566,000 shares outstanding for 1985.
+    R. Steven Lutterbach, chairman, said net income for 1986
+was adversely affected primarily due to lower operating margins
+at the company's Western Environmental subsidiary, and to an
+increase in bad debt reserves.
+    Western Environmental was acquired in March 1986.
+Lutterbach explained the company has taken steps to improve
+financial and accounting controls, primarily at Western, which
+were not adequate at the time of acquisition.
+    He noted the final results for the fourth quarter will
+depend on the allocation of increased costs between the second
+and fourth quarters.
+    Lutterbach said it is possible second quarter results will
+be restated, though final net income for the year will remain
+in the estimated range.
+    He added preliminary indications for first quarter 1987
+revenues were favorable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12021" NEWID="7108">
+<DATE>19-MAR-1987 10:19:37.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1001&#31;reute
+r f BC-pagurian   03-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAGURIAN TO BUY BACK UP TO 10 PCT OF STOCK</TITLE>
+<DATELINE>    TORONTO, March 19 - </DATELINE><BODY>&lt;Pagurian Corp Ltd> said it filed a
+notice with the Toronto Stock Exchange to buy back up to 10 pct
+of its publicly held class A non-voting shares over a one-year
+period starting April three.
+    About 27.9 mln of the company's 47.2 mln class A shares are
+publicly held at present.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12022" NEWID="7109">
+<DATE>19-MAR-1987 10:19:48.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1002&#31;reute
+r f BC-MEDIQ-&lt;MED>-IN-AMERIC   03-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDIQ &lt;MED> IN AMERICAN MEDICAL &lt;AMI> UNIT BUY</TITLE>
+<DATELINE>    PENNSAUKEN, N.J., March 19 - </DATELINE><BODY>MEDIQ Inc said its MEDIQ
+Diagnostic Imaging Partners - I LP has signed a letter of
+intent to acquire substantially all the assets of American
+Medical International Inc's AMI Diagnostic Services Inc
+subsidiary for undisclosed terms.
+    The company said AMI Diagnostic operates seven magnetic
+resonance and mutli-modality diagnostic imaging centers. MEDIQ
+Diagnostic is a limited partnership of which MEDIQ is general
+partner.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12023" NEWID="7110">
+<DATE>19-MAR-1987 10:20:06.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1004&#31;reute
+r f BC-CYCLOPS-&lt;CYL>BOARD-RE   03-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYCLOPS &lt;CYL>BOARD RESTRUCTURED TO INCLUDE DIXON</TITLE>
+<DATELINE>    PITTSBURGH, Pa., March 19 - </DATELINE><BODY>Cyclops Corp said its board has
+been restructured under the terms of the company's merger
+agreement with &lt;Dixons Group plc> following the British
+company's acquisition of 54 pct of Cyclops' stock.
+    The company said its board is now composed of three Cyclops
+executives -- Chairman W.H. Knoell, President James F. Will and
+Senior Vice President WIlliam D. Dickey -- and three Dixons
+executives -- Vice-Chairman and Financial Director Egon von
+Greyerz, Corporate Finance Director Gerald M.N. Corbett, and
+Secretary Jeoffrey Budd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12024" NEWID="7111">
+<DATE>19-MAR-1987 10:20:16.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1005&#31;reute
+r f BC-BLOCKBUSTER-ENTERTAIN   03-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLOCKBUSTER ENTERTAINMENT &lt;BBEC> SELLING UNIT</TITLE>
+<DATELINE>    DALLAS, March 19 - </DATELINE><BODY>Blockbuster Entertainment Corp said it
+will sell its investment in Amtech Corp to the company
+chairman, David Cook, and president, Kenneth Anderson.
+    The company said the sale is taking place because Amtech is
+not compatible with Blockbuster's main line of business, will
+require substaintial additional funding to develop and market
+its product, and is expected to sustain operating losses for
+the forseeable future.
+    The company said Cook and Anderson will form a new company
+with the sale called Amtech Holdings Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12025" NEWID="7112">
+<DATE>19-MAR-1987 10:20:26.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1006&#31;reute
+r f BC-dome-mines-sells   03-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME MINES &lt;DM> SELLS 7 MLN COMMON SHARES</TITLE>
+<DATELINE>    TORONTO, March 19 - </DATELINE><BODY>Dome Mines Ltd said it sold seven mln
+common shares priced at 12 dlrs each to an underwriting group,
+for net proceeds to the company of about 79,830,000 dlrs after
+underwriting fees and issue expenses.
+    About 44.0 mln dlrs of the proceeds will be used to repay
+outstanding bank debt, and the balance will be used to
+strengthen the company's cash position, Dome Mines said.
+    The underwriting group includes &lt;Dominion Securities Inc>,
+Burns Fry Ltd, Wood Gundy Inc and Gordon Capital Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12026" NEWID="7113">
+<DATE>19-MAR-1987 10:20:41.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1008&#31;reute
+r f BC-MANOR-CARE-INC-&lt;MNR>   03-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANOR CARE INC &lt;MNR> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    SILVER SPRING, Md., March 19 -
+    </DATELINE><BODY>Shr 24 cts vs 21 cts
+    Net 9,700,000 vs 8,286,000
+    Revs 120.6 mln vs 115.7 mln
+    Avg shrs 40.0 mln vs 39.9 mln
+    Year
+    Shr 69 cts vs 68 cts
+    Net 27.8 mln vs 27.1 mln
+    Revs 374.9 mln vs 358.8 mln
+    Avg shrs 40.0 mln vs 39.9 mln
+    NOTE: 1986 year net includes charge of 2,396,000 dlrs, or
+six cts a share, for debt redemption
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12027" NEWID="7114">
+<DATE>19-MAR-1987 10:21:00.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1011&#31;reute
+r f BC-PITNEY-BOWES-&lt;PBI>-TE   03-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PITNEY BOWES &lt;PBI> TESTS NEW MAIL SERVICE</TITLE>
+<DATELINE>    DENVER, March 19 - </DATELINE><BODY>Pitney Bowes Inc said Mountain Bell, a
+unit of US West Inc &lt;USW>, began a test of a new Pitney Bowes
+computerized mail processing system.
+    The test has been approved by the U.S. Postal Service, the
+company said.
+    The processing and postage payment system allows faster and
+less costly mail preparation, automated funds transfer to cover
+postage charges and a production and funds tracking system, it
+said.
+    Mountain Bell processes more than 19 mln pieces of mail
+annually.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12028" NEWID="7115">
+<DATE>19-MAR-1987 10:21:11.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1013&#31;reute
+d f BC-ADTEC-INC-&lt;JAIL>-3RD   03-19 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADTEC INC &lt;JAIL> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, March 19 -
+    </DATELINE><BODY>Oper shr 11 cts vs 11 cts
+    Oper net 164,000 vs 161,000
+    Revs 2,598,000 vs 2,241,000
+    Nine mths
+    Oper shr 28 cts vs 18 cts
+    Oper net 419,000 vs 276,000
+    Revs 6,983,000 vs 5,019,000
+    NOTE: Net excludes tax loss carryforwards 11,876 dlrs vs
+83,045 dlrs in quarter and 36,684 dlrs vs 144,590 dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12029" NEWID="7116">
+<DATE>19-MAR-1987 10:21:17.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1014&#31;reute
+d f BC-MORTON-THIOKOL-&lt;MTI>   03-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORTON THIOKOL &lt;MTI> ENTERS JOINT VENTURE</TITLE>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>Morton Thiokol Inc said it created a
+joint venture company with the Yokohama Rubber Co Ltd, Tokyo,
+Japan, to manufacture automotive windshield sealants.
+    It said the company, Morton Yokohama Inc, will be
+headquartered in Chicago with manufacturing at Morton Thiokol's
+plant in Ringwood, Ill.
+    Full-scale production is scheduled for 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12030" NEWID="7117">
+<DATE>19-MAR-1987 10:22:37.02</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1019&#31;reute
+f f BC-CANADA-JANUARY-RETAIL   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+****<TITLE>CANADA JANUARY RETAIL SALES FALL 0.1 PCT AFTER DECEMBER'S 0.9 PCT GAIN - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12031" NEWID="7118">
+<DATE>19-MAR-1987 10:23:24.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1022&#31;reute
+b f BC-BANK-OF-TOKYO-CURACAO   03-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF TOKYO CURACAO ISSUES CANADIAN DOLLAR BOND</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Bank of Tokyo Curacao Holdings NV is
+issuing a 120 mln Canadian dlr eurobond due April 27, 1994 with
+an 8-1/2 pct coupon and priced at 101-1/8 pct, Bank of Tokyo
+International Ltd said as lead manager.
+    The bonds, guaranteed by Bank of Tokyo Ltd, will be issued
+in denominations of 5,000 dlrs and will be listed in
+Luxembourg. Fees consist of 5/8 pct for management and
+underwriting combined and 1-1/4 pct for selling.
+    Co-lead is Pru-Bache Securities.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12032" NEWID="7119">
+<DATE>19-MAR-1987 10:23:55.36</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1024&#31;reute
+b f BC-ACCORD-SAID-IN-SIGHT   03-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACCORD SAID IN SIGHT IN BRAZIL SEAMEN'S STRIKE</TITLE>
+<DATELINE>    SAO PAULO, March 19 - </DATELINE><BODY>An accord is in sight in Brazil's
+20-day-old national seamen's strike, which has seriously
+delayed exports, a union official said.
+    The official, speaking from strike headquarters in Rio de
+Janeiro, said up to 30,000 of Brazil's 40,000 seamen were still
+on strike.
+    He said the others had returned to work over the last week,
+accepting pay offers of 120 pct from four private companies and
+from the Frota Nacional de Petroleiros (Fronape), part of the
+state-owned oil company Petrobras.
+    The association grouping private shipowners, Syndarma, has
+also offered 120 pct but talks have so far been deadlocked over
+payment for overtime.
+    The union official said he believed this issue would be
+resolved shortly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12033" NEWID="7120">
+<DATE>19-MAR-1987 10:24:38.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1028&#31;reute
+b f BC-/PILLSBURY-CO-&lt;PSY>-3   03-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PILLSBURY CO &lt;PSY> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 19 -
+    </DATELINE><BODY>Shr 56 cts vs 63 cts
+    Net 48,500,000 vs 55,400,000
+    Sales 1.53 billion vs 1.46 billion
+    Avg shrs 86.6 mln vs 87.3 mln
+    Nine mths
+    Shr 1.73 dlrs vs 1.79 dlrs
+    Net 150,300,000 vs 156,200,000
+    Sales 4.60 billion vs 4.30 billion
+    Avg shrs 86.7 mln vs 87.3 mln
+    NOTE: 1987 results include gain of 9.7 mln dlrs, or 11 cts
+a share from sale of assets
+    1986 results include gain of 161 mln dlrs, or 18 cts a
+share, from sale of assets, offset partly by a restructuring
+provision
+    Fiscal 1987 results restated to give effect to adoption of
+financial accounting standards relating to pension costs.
+Segment data for Foods restated to include results of commodity
+marketing, previously reported separately. Earnings restated
+for two-for-one stock split, effective Nov 30, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12034" NEWID="7121">
+<DATE>19-MAR-1987 10:24:52.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1029&#31;reute
+b f BC-FRENCH-CAISSE-NATIONA   03-19 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH CAISSE NATIONALE DES AUTOROUTES ISSUES BOND</TITLE>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>Caisse Nationale des Autoroutes is
+issuing a three billion French franc bond, the French bond
+issuing committee said.
+    The issue will be lead-managed by Caisse Nationale du
+Credit Agricole, Credit Lyonnais and Cie Financiere de Paribas
+subsidiary Credit du Nord.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12035" NEWID="7122">
+<DATE>19-MAR-1987 10:26:07.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1034&#31;reute
+u f BC-GROWTH-VENTURES-&lt;GVEN   03-19 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROWTH VENTURES &lt;GVENC> DROPS UNITS</TITLE>
+<DATELINE>    COLORADO SPRINGS, Colo., March 19 - </DATELINE><BODY>Growth Ventures Inc
+said it is discontinuing its participation in a Mexican joint
+venture formed to make flexible diskettes and is liquidating
+its wholly-owned Rock Hohl Interiors Inc subsidiary in Colorado
+Springs, Colo.
+    The company said the resulting losses, lack of assets and
+negative net worth will in all likelihood make it impossible
+for Groweth Ventures to continue operating.
+    The company said it is ending its participation in the
+Mexican venture due to continuing delays in obtaining
+sufficient working capital funding from government-controlled
+banks in Mexico.  The funding is needed not only for joint
+venture operations but also for the payment on debentures to
+Growth Ventures from the joint venture, it said.
+    It said since payment on the debentures has not been made,
+it does not have sufficient capital to support the continuing
+operations of Rick Hohl Interiors, and it will liquidate Rick
+Hohl.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12036" NEWID="7123">
+<DATE>19-MAR-1987 10:26:38.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1037&#31;reute
+f f BC-******jim-walter-corp   03-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JIM WALTER CORP 2ND QTR SHR 86 CTS VS 62 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12037" NEWID="7124">
+<DATE>19-MAR-1987 10:26:51.15</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1038&#31;reute
+b f BC-COLOMBIA-WILL-NOT-ATT   03-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA WILL NOT ATTEND MANAGUA COFFEE MEETING</TITLE>
+<DATELINE>    BOGOTA, March 19 - </DATELINE><BODY>Colombia will not attend a meeting of
+coffee producing countries scheduled for this weekend in
+Nicaragua, Jorge Cadenas, manager of the National Coffee
+Growers' Federation, said.
+    "We prefer to wait until things are better prepared," he told
+Reuters. He added the meeting could be postponed.
+    Colombia, Brazil and the Central American coffee producing
+countries were invited to the meeting in Managua to analyze the
+market situation
+    However, he did not dismiss the idea of dialogue and
+negotiation in preparation for meetings of the International
+Coffee Organization.
+    Gilberto Arango, president of Colombia's exporters'
+association, speaking to Reuters earlier this week, ruled out a
+fresh Colombian initiative on export quotas saying producers
+had now to show a common resolve which could emerge from
+continuous contacts.
+    The International Coffee Organization executive board is to
+meet in London between March 31 and April 2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12038" NEWID="7125">
+<DATE>19-MAR-1987 10:32:03.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1054&#31;reute
+u f BC-STERLING-&lt;STY>-SEEKS   03-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING &lt;STY> SEEKS FDA APPROVAL FOR MILRINONE</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Sterling Drug Inc said it submitted a
+new drug application to the Food and Drug Administration for
+permission to market an oral form of Corotrope (milrinone), a
+drug for treating chronic congestive heart failure.
+    Sterling said the application includes a series of studies
+of 952 patients and results of three multicenter studies
+involving another 571 patients, to demonstrate the efficacy and
+safety of the drug as an alternative to digitalis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12039" NEWID="7126">
+<DATE>19-MAR-1987 10:34:11.55</DATE>
+<TOPICS><D>nickel</D></TOPICS>
+<PLACES><D>philippines</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1070&#31;reute
+u f BC-SOVIET-FIRM-SAYS-TALK   03-19 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET FIRM SAYS TALKS ON FOR PHILIPPINE MINE</TITLE>
+<DATELINE>    MANILA, March 19 - </DATELINE><BODY>Preliminary talks are on between two
+state-owned Philippine banks and Soviet metal trading and
+equipment sales company Tsvetmetpromexport on rescuing Nonoc
+Mining and Industrial Corp (NMIC) which operates the
+Philippines' only nickel refinery, a Soviet official said.
+    G.I. Valentchits, Deputy Trade Minister at the Soviet
+embassy, told Reuters a report earlier this week that
+Tsvetmetpromexport had asked the Philippine government whether
+it could help rehabilitate or operate NMIC was incorrect.
+    "It is the other way round," Valentchits said.
+    He said the Development Bank of the Philippines (DBP) and
+the Philippine National Bank (PNB), which own NMIC, had
+approached the Soviet state-owned firm in August last year.
+    "We studied the question and asked the banks in which field
+and what area they can help in the project," Valentchits said.
+    He said there had been no reply yet from NMIC and the talks
+were "only just initial."
+    NMIC President Arthur Aguilar and other company officials
+were not available for comment.
+    Manila banking sources said the situation was serious at
+NMIC, set up by DBP and PNB in August 1984 after the two banks
+foreclosed on the assets of Marinduque Mining and Industrial
+Corp over a 17 billion peso obligation.
+    The bankers said NMIC itself has recently filed with the
+Securities and Exchange Commission (SEC) for placing the
+company under receivership and the suspension of its debt
+payments in order to protect it from threats of foreclosure.
+    Business Day newspaper said the latest credits extended to
+NMIC include a 127 mln dlr loan, with Chemical Bank as the lead
+agent.
+    The newspaper said another 33 mln dlr loan was lead managed
+by Citicorp.
+    It said the government's privatisation program has listed
+NMIC at a price of at least 700 mln dlrs, adding that foreign
+investors were wary of taking over the ailing nickel firm.
+    The bankers said NMIC was currently burdened with debts of
+at least 15.8 billion pesos and is facing 10 civil lawsuits for
+foreclosures from major creditors.
+    The Business Bulletin newspaper said the firm had assets
+totalling 12.2 billion pesos, while DBP and PNB exposures with
+the firm were estimated at 14.9 billion pesos.
+    NMIC has not operated its plant in the southern Philippines
+since March 1986 after workers struck demanding payment of
+salaries delayed because of the firm's financial difficulties.
+    The firm produced 1,863 tonnes of nickel in the first two
+months of 1986, compared with 2,364 tonnes in the same period
+in 1985. The mine's capacity is 2,000 tonnes a month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12040" NEWID="7127">
+<DATE>19-MAR-1987 10:35:05.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1077&#31;reute
+f f BC-******S/P-DOWNGRADES   03-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P DOWNGRADES BETHLEHEM STEEL CORP'S ONE BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12041" NEWID="7128">
+<DATE>19-MAR-1987 10:35:54.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1083&#31;reute
+u f BC-JIM-WALTER-CORP-&lt;JWC>   03-19 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JIM WALTER CORP &lt;JWC> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    TAMPA, Fla., March 19 -
+    </DATELINE><BODY>Shr 86 cts vs 62 cts
+    Shr diluted 86 cts vs 59 cts
+    Net 28.0 mln vs 18.3 mln
+    Revs 513.5 mln vs 517.0 mln
+    First half
+    Shr 2.03 dlrs vs 1.78 dlrs
+    Shr diluted 2.03 dlrs vs 1.61 dlrs
+    Net 65.9 mln vs 50.0 mln
+    Revs 1.11 billion vs 1.08 billion
+    Avg shrs 32.4 mln vs 28.1 mln
+    Avg shrs diluted 32.4 mln vs 32.4 mln
+    NOTE: 1987 net includes gains of 645,000 dlrs, or two cts a
+share, in quarter and 12,290,000 dlrs, or four cts a share,
+from reduced pension expense under new accounting procedures
+    Net in both 1987 periods also includes gain of 4.0 mln
+dlrs, or 12 cts a share, from sale of land in Alabama.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12042" NEWID="7129">
+<DATE>19-MAR-1987 10:36:18.65</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f1086&#31;reute
+u f BC-CANADA-RETAIL-SALES-F   03-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA RETAIL SALES FALL 0.1 PCT IN JANUARY</TITLE>
+<DATELINE>    OTTAWA, March 19 - </DATELINE><BODY>Canada's retail sales, seasonally
+adjusted, fell 0.1 pct in January after gaining 0.9 pct in
+December, Statistics Canada said.
+    Retail sales fell to 11.98 billion dlrs from 11.99 billion
+dlrs in December, 1986. Unadjusted sales were 6.9 pct higher
+than in January, 1986.
+    In January, automobile sales fell 1.9 pct, department store
+sales slipped 3.2 pct and variety stores sales plunged 14 pct.
+The declines were offset by a 5.5 pct increase in grocery store
+sales and a 9.9 pct gain in hardware sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12043" NEWID="7130">
+<DATE>19-MAR-1987 10:37:26.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1096&#31;reute
+r f BC-SCAN-GRAPHICS-TO-MERG   03-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCAN-GRAPHICS TO MERGE WITH PUBLIC COMPANY</TITLE>
+<DATELINE>    BROOMALL, Pa., March 19 - </DATELINE><BODY>Scan-Graphics Inc said it will be
+acquired by Captive Venture Capital Inc, a public company,
+in a stock transaction approved by shareholders of both
+companies.
+    As a result of the merger, the former shareholders of
+Scan-Graphics will become the majority shareholders of Captive
+Venture Capital. The name of the corporation will be changed to
+Scan-Graphics Inc and its borad of directors will be composed
+of individuals now on the Scan-Graphics board.
+    Under the terms of the deal, Capitive Venture Capital will
+issue 1.6 mln shares of restricted convertible preferred stock,
+convertible into 16 mln shares of common stock, in exchange for
+all outstanding stock of Scan-Graphics.
+    Upon completing the deal, there will be 2,649,500 common
+shares of Capitive Venture Capital issued and outstanding, of
+which 149,500 shares will be held by the public.
+    In addition, there are 95,050 tradeable class A warrants
+and 100,000 B warrants, each of which entitles the holder to
+buy 10 shares of common stock at 1.25 dlrs and 1.50 dlrs,
+respectively, a share.
+    Scan-Graphics makes systems that allow users to convert
+graphic documents, such as charts, maps and engineering
+drawings, into computer data that can be displayed, edited and
+stored by computer.
+    Currently, Captive Venture Capital stock is traded over the
+counter and will soon trade under the Scan-Graphics name.
+Application for Nasdaq listing is expected as soon as
+requirements are met.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12044" NEWID="7131">
+<DATE>19-MAR-1987 10:38:07.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1101&#31;reute
+r f BC-TELWATCH-NAMES-FORMER   03-19 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELWATCH NAMES FORMER ATT &lt;T> EXEC AS PRESIDENT</TITLE>
+<DATELINE>    BOULDER, Colo., March 19 - </DATELINE><BODY>&lt;TelWatch Inc> said it named
+James Edwards, former senior vice president of American
+Telephone and Telegraph, its president and chief executive
+officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12045" NEWID="7132">
+<DATE>19-MAR-1987 10:38:21.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1103&#31;reute
+s f BC-WISCONSIN-POWER-AND-L   03-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WISCONSIN POWER AND LIGHT CO &lt;WPL>VOTES PAYOUT</TITLE>
+<DATELINE>    MADISON, WIS., March 19 -
+    </DATELINE><BODY>Qtly div 76 cts vs 76 cts prior qtr
+    Pay 15 May
+    Record 30 April
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12046" NEWID="7133">
+<DATE>19-MAR-1987 10:38:37.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1106&#31;reute
+d f BC-GOODMARK-FOODS-INC-&lt;G   03-19 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODMARK FOODS INC &lt;GDMK> 2ND QTR FEB 22 NET</TITLE>
+<DATELINE>    RALEIGH, N.C., March 19 -
+    </DATELINE><BODY>Shr 19 cts vs 18 cts
+    Net 835,000 vs 794,000
+    Sales 23.9 mln vs 20.5 mln
+    Nine mths
+    Shr 47 cts vs 91 cts
+    Net 2,104,000 vs 3,489,000
+    Sales 74.5 mln vs 65.2 mln
+    Avg shrs 4,450,675 vs 3,822,894
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12047" NEWID="7134">
+<DATE>19-MAR-1987 10:41:34.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1114&#31;reute
+u f BC-AMERICAN-ELECTRIC-&lt;AE   03-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ELECTRIC &lt;AEP> UNIT TO REDEEM DEBT</TITLE>
+<DATELINE>    FORT WAYNE, Ind., March 19 - </DATELINE><BODY>American Electric Power Co's
+Indiana and Michigan Electric Co said on June One it will
+redeem 64 mln dlrs principal amount of its 80 mln dlrs of
+11-3/8 pct first mortgage bonds due 1990 at par.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12048" NEWID="7135">
+<DATE>19-MAR-1987 10:42:17.15</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D><D>south-korea</D><D>hong-kong</D><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1118&#31;reute
+r f BC--ECONOMIC-SPOTLIGHT--   03-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - U.S. DEFICIT WITH NICs</TITLE>
+<AUTHOR>    By Claire Miller, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>The U.S. trade deficit with Taiwan and
+Korea is expected to widen this year, despite some economic and
+currency adjustments by the two newly industrialized countries,
+economists said.
+    "The surpluses that Taiwan and Korea ran with the U.S. in
+1986 will get bigger. This time next year, the U.S. will be
+screaming at those countries about their exports," said Steve
+Cerier of Manufacturers Hanover Trust Co.
+    Taiwan is currently the third biggest exporter to the U.S.
+after Japan and Canada, while Korea is the seventh largest.
+    Faced with heightened protectionist sentiment in Congress,
+the Reagan administration has been stepping up the rhetoric
+against Taiwan and Korea, urging those countries to allow their
+currencies to appreciate and lift impediments to free trade.
+    The thrust has shifted to those newly industrialized
+countries (NICs) amid signs the dollar's steep drop against the
+currencies of Japan and most EC nations -- previously the main
+focus of the U.S. drive to cut its trade gap -- is beginning to
+close the competiveness gap for American goods.
+    U.S. Treasury secretary James Baker said recently that he
+expects a reduction in Japan's trade surplus this year.
+    But U.S. manufacturers still are losing markets on their
+own doorstep to Taiwan and Korea, whose currencies have not
+risen as much as the yen and the mark. As major beneficiaries
+of soft oil prices and with low labor costs, Taiwanese and
+Korean exporters are well-placed to take up the slack.
+    "In 1986, the fashionable comment in Washington was
+Japan-bashing. Now it's NIC-bashing," said Robert Chandross, of
+Lloyds Bank PLC.
+    Asia's four main NICs -- Hong Kong, South Korea, Singapore
+and Taiwan -- accounted for almost one-fifth of the overall 170
+billion dlr U.S. merchandise trade deficit for 1986.
+    The U.S. trade gap with Taiwan rose to 15.7 billion dlrs in
+1986 from 13.1 billion in 1985, while the bilateral trade
+deficit with South Korea grew to 7.1 billion from 4.8 billion.
+    And preliminary U.S. data show that the growth trend is
+continuing. The U.S. trade shortfall with Taiwan was 1.6
+billion dlrs in January, up 24.4 pct from a year earlier. The
+gap with Korea was 700 mln dlrs, up 24.8 pct from a year ago.
+    Lately both nations have said they will take steps to
+defuse incipient trade tensions. Korea said it is choosing many
+of the 122 items on which the U.S. wants it to cut import
+tariffs in order to deflect pressure for currency revaluation.
+    Still, South Korean trade minister Rha Woong Bae said last
+week that Korea would maintain a trade surplus for three to
+five years as a way to cut its 44.5 billion dlr foreign debt.
+    For its part, Taiwan said in January that it will cut
+tariffs on 1,700 goods sometime in the second half of 1987 and
+try to diversify exports. But vice economic minister Wang
+Chien-Shien said last month that he still does not expect
+Taiwan's trade surplus with the U.S. will fall in 1987.
+    The NICs have made deep inroads into markets for textiles
+and electronic goods. But Korea is raising its profile in the
+area of "big-ticket" manufactured goods, notably cars.
+    Korea expects its auto exports -- mostly for North America
+-- to balloon to 675,000 units in 1987 from zero in 1985.
+    "The NICs' exports are almost all manufactured goods. When
+their exports rise it hits the heart of the U.S. manufacturing
+base. It cuts directly to us and to our customers," said Bob
+Wendt, manager for economic studies at Bethlehem Steel Corp.
+    The U.S. takes 90 pct of Korea's computer products exports,
+72 pct of its electrical appliances and 65 pct of its
+telecommunications equipment.
+    A recent study by Morgan Guaranty Trust Co says Taiwan and
+South Korea are the most pressing trade issue for the U.S.
+    While Hong Kong and Singapore run trade surpluses with the
+U.S., these are offset by their deficits with other countries.
+    But Taiwan and, to a lesser extent, South Korea, stand in
+marked contrast. Both of these nations have moved rapidly into
+large bilateral surplus with the U.S. and major overrall trade
+and current account surpluses, the Morgan study says.
+    Morgan expects Taiwan's overall trade surplus to grow to
+18.5 billion dlrs in 1987 from 15.2 billion last year, and
+Korea's to increase to 6.5 billion dlrs from 3.5 billion.
+    Concern about the NICs is not confined to the U.S.
+    "A lot of Korea and Taiwan's exports to the U.S. have been
+at Japan's expense," said Richard Koss at General Motors Corp.
+    February's Paris meeting of six major industrial powers
+exorted NICs to lower trade barriers and revalue currencies.
+    But this two-pronged approach has drawn little response
+from the two nations so far and, in any case, will only work
+with a sizeable lag, economists say.
+    The U.S. has not said how much it thinks the Taiwan's and
+Korea's currencies should climb. The Taiwan dollar, which is
+pegged to the U.S. dollar, has risen about 15 pct since
+September 1985 while the Korean won has risen about five pct.
+    But in real terms the Taiwan dollar has been flat against
+the U.S. unit and the won has lost seven pct, economists say.
+    "We've not seen any lessening of competition from those
+countries that we can attribute to currency changes," said
+Bethlehem Steel's Wendt.
+    And so far, U.S. pleas for Taiwan and Korea to use their
+hefty export earnings to import more have had little effect.
+    Moreover, it is uncertain how far U.S. protectionism will
+get given the administration's free-trade stance. "It's hard to
+see that anything will be passed much before year-end. And then
+the question is, will it have teeth?" one economist said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12049" NEWID="7136">
+<DATE>19-MAR-1987 10:44:18.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1127&#31;reute
+u f BC-RANK-XEROX-&lt;XRX>-TO-S   03-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RANK XEROX &lt;XRX> TO SELL SOUTH AFRICAN UNIT</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Xerox Corp's U.K. unit, Rank Xerox
+Ltd, said it agreed in principle to sell its South African
+company, Rank Xerox South Africa Pty Ltd, to &lt;Altron Group's>
+Fintech unit.
+    Terms of the deal were not disclosed.
+    Altron said the acquisition was key to making Fintech an
+office systems company.
+    The South African Rank Xerox unit sells copiers and
+duplicators throughout South Africa and in Namibia (South West
+Africa). It has over 800 employees, all of whom will be
+retained by Fintech when the deal closes, Rank Xerox said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12050" NEWID="7137">
+<DATE>19-MAR-1987 10:45:45.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1130&#31;reute
+r f BC-CBS-&lt;CBS>-SHAREHOLDER   03-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBS &lt;CBS> SHAREHOLDER SETS CHALLENGE OF CHAIRMAN</TITLE>
+<DATELINE>    MIDDLETOWN, Conn., March 19 - </DATELINE><BODY>Anthony R. Martin-Trigona
+said he plans to announce shareholder action against CBS Inc
+Chairman Larry Tisch tomorrow.
+    Martin-Trigona, a self-described public interest lawyer,
+announced March 6 he is a candidate for the Democratic Party's
+presidential nomination in 1988. He said he has been a CBS
+stockholder since 1969.
+    Martin-Trigona said he will announce the shareholder
+resolutions tomorrow while joining the picket line set up by
+Writers Guild of America members on strike against CBS.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12051" NEWID="7138">
+<DATE>19-MAR-1987 10:46:26.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1132&#31;reute
+r f BC-GENEX-&lt;GNEX>-NAMES-NE   03-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENEX &lt;GNEX> NAMES NEW PRESIDENT AND CHIEF EXEC</TITLE>
+<DATELINE>    GAITHERSBURG, Md., March 19 - </DATELINE><BODY>Genex Corp said Gary Frashier
+was elected its president and chief executive officer,
+effective April 1.
+    The company said he replaces Leslie Glick.
+    Frashier is currently chairman and chief executive officer
+of Continental Water Systems Corp, a wholly-owned subsidiary of
+Olin Corp &lt;OLN>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12052" NEWID="7139">
+<DATE>19-MAR-1987 10:48:00.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1137&#31;reute
+r f BC-COUNTRYWIDE-CREDIT-IN   03-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUNTRYWIDE CREDIT INDUSTRIES INC &lt;CCR> 4TH QTR</TITLE>
+<DATELINE>    PASADENA, Calif., March 19 - </DATELINE><BODY>Feb 28 end
+    Shr 44 cts vs 16 cts
+    Shr diluted 37 cts vs 16 cts
+    Net 5,378,000 vs 1,987,000
+    Revs 26.8 mln vs 14.6 mln
+    Avg shrs 12.4 mln vs 12.1 mln
+    Shr 1.26 dlrs vs 45 cts
+    Shr diluted 1.10 dlrs vs 45 cts
+    Net 15.5 mln vs 5,401,000
+    Revs 80.3 mln vs 46.4 mln
+    NOTE: Share adjusted for stock dividends declared through
+today.   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12053" NEWID="7140">
+<DATE>19-MAR-1987 10:50:19.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1148&#31;reute
+u f BC-CANON-USA-ISSUES-10-M   03-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANON USA ISSUES 10 MLN DLR FRN PRIVATE PLACEMENT</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Canon USA Inc, wholly owned by Canon Inc
+of Japan, is issuing a 10 mln dlr floating rate note (FRN) due
+December 4, 1989, paying 0.18 pct over six-month London
+Interbank Offered Rate (LIBOR) and priced at 100-3/8, Yamaichi
+International (Europe) Ltd said as lead manager.
+    Fees for the issue total 13/32 and payment date is March
+25.
+    The issue has already been placed privately on an
+international basis and will not be listed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12054" NEWID="7141">
+<DATE>19-MAR-1987 10:52:06.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1149&#31;reute
+r f BC-COUNTRYWIDE-CREDIT-&lt;C   03-19 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUNTRYWIDE CREDIT &lt;CCR> SETS HIGHER DIVIDEND</TITLE>
+<DATELINE>    PASADENA, Calif., March 19 - </DATELINE><BODY>Countrywide Credit Industries
+Inc said its board declared an eight ct per share quarterly
+dividend, up from seven cts last quarter, and a two pct stock
+dividend.
+    The cash dividend is payable April 14 to holders of record
+March 30 and the stock dividend is payable April 17 to holders
+of record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12055" NEWID="7142">
+<DATE>19-MAR-1987 10:53:30.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1156&#31;reute
+u f BC-BETHLEHEM-STEEL-&lt;BS>   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BETHLEHEM STEEL &lt;BS> DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded Bethlehem Steel Corp's debt securities.
+    Bethlehem has one billion dlrs of debt and preferred stock
+outstanding. Cut were its senior debt to CCC-plus from B-minus
+and subordinated debt to CCC-minus from CCC. S and P affirmed
+the C-rated preferred, since preferred dividends were
+discontinued last year. 
+    S and P cited concerns over Bethlehem's viability over the
+intermediate term, rather than any immediate threat to
+solvency. Its cash is strong relative to 1987 requirements, but
+was accumulated through such means as asset sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12056" NEWID="7143">
+<DATE>19-MAR-1987 10:54:00.81</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>madagascar</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1159&#31;reute
+u f BC-MADAGASCAR-COFFEE-PRO   03-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MADAGASCAR COFFEE PRODUCTION SEEN LOWER IN 1987</TITLE>
+<DATELINE>    ANTANANARIVO, March 19 - </DATELINE><BODY>Madagascar's available coffee
+output is estimated at 80,725 tonnes this year, down from
+82,210 in 1986, due to a rundown of government agricultural
+services and the poor state of feeder roads in rural areas,
+Agriculture Ministry sources said.
+    This is after accounting for the loss of some 15,000 to
+20,000 tonnes due to the transport problems in the countryside,
+they said.
+    The sources did not give an estimate for exports in 1987,
+but they noted that shipments declined to 37,200 tonnes last
+year from 41,662 in 1985.
+    Low yields from the country's ageing coffee plantations and
+prevalence of the fungal disease Hemileia Vastatrix also
+contributed to the poor performance, the sources said.
+    They pointed out that 52 pct of Madagascar's coffee bushes
+were planted before 1930.
+    The sources said Madagascar was still a long way from
+reaching the production target of 110,000 tonnes per year and
+the export target of 63,000 tonnes outlined in the government's
+1986-1990 five-year plan.
+    In order to reverse the decline in coffee production, the
+government has decided to plant 20,000 hectares with
+high-yielding arabica and canephora varieties, the sources
+said.
+    The planting programme will begin this year and is aimed at
+producing 300 to 360 kilos per hectare of beans with a low
+caffeine content.
+    The sources added that Madagascar's plan to export roasted
+coffee has failed to take off due to packaging problems. Only
+650 tonnes of roasted coffee were exported last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12057" NEWID="7144">
+<DATE>19-MAR-1987 10:54:48.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1163&#31;reute
+r f BC-PHILIPS-MEDICAL-SETS   03-19 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPS MEDICAL SETS RESEARCH PROGRAM</TITLE>
+<DATELINE>    SHELTON, Conn., March 19 - </DATELINE><BODY>Philips Medical Systems Inc, a
+unit of (North American Philips Corp), said a research program
+is underway at seven medical centers aimed at producing a new
+standard of three-dimensional medical imaging systems.
+    The goal is to provide doctors with quicker and better
+diagnostic information about human organs. Current systems have
+limited functions and can examine body parts such as limbs or
+the skull but not functioning organs, according to a Philips
+Medical spokesman.
+    The two-year program involves equipment from Philips and
+three private companies: Cemax Inc, a Santa Clara, Calif.,
+maker of three-dimensional computer graphics systems, Island
+Graphics Corp, a San Rafael, Calif., graphics software firm,
+and Pixar, also a San Rafael software concern.
+    Philips holds about 10 pct each of Cemax and Island
+Graphics, the spokesman said, and is the exclusive worldwide
+distributor of Cemax's 1500X computer graphics system.
+    Philips also has an original equipment manufacturer
+agreement with Pixar.
+    The institutions are Duke University Medical Center in
+Durham, N.C., Emory University, Atlanta, Johns Hopkins Medical
+Institution, Baltimore, Washington University Medical Center,
+St Louis, Mayo Clinic, Rochester, Minn., UCLA, Los Angeles, and
+the University of Alabama, Birmingham.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12058" NEWID="7145">
+<DATE>19-MAR-1987 10:55:13.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1166&#31;reute
+r f BC-FEDERAL-PAPER-BOARD-&lt;   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL PAPER BOARD &lt;FBO> TO SELL PREFERRED</TITLE>
+<DATELINE>    MONTVALE, N.J., March 19 - </DATELINE><BODY>Federal Paper Board Co Inc said
+it has filed for an offering of 140 mln dlrs of cumulative
+convertible preferred stock, or 2,800,000 shares with a
+liquidation preference of 50 dlrs each, through underwriters
+First Boston Inc &lt;FBC>, Morgan Stanley Group Inc &lt;MS> and
+PaineWebber Group Inc &lt;PWJ>.
+    The company said it will use proceeds to redeem on June 15
+all 125 mln dlrs of its 13 pct subordinated debentures due
+2000.  The remainder will be added to general funds.
+    Federal Paper said the preferred will be convertible into
+common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12059" NEWID="7146">
+<DATE>19-MAR-1987 10:55:17.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1167&#31;reute
+u f BC-EXCEL-INDUSTRIES-INC   03-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXCEL INDUSTRIES INC &lt;EXC> BOOSTS DIVIDEND</TITLE>
+<DATELINE>    ELKHART, IND., March 19 -
+    </DATELINE><BODY>Qtly div nine cts vs eight cts prior qtr
+    Pay 20 April
+    Record 3 April
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12060" NEWID="7147">
+<DATE>19-MAR-1987 10:55:23.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1168&#31;reute
+r f BC-KNOWLEDGE-DATA-SYSTEM   03-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KNOWLEDGE DATA SYSTEMS &lt;KDSI> NAMES CHAIRMAN</TITLE>
+<DATELINE>    SALT LAKE CITY, March 19 - </DATELINE><BODY>Knowledge Data Systems Inc said
+it named John Kerr chairman of the company, and named its
+former chairman, Jon Jacoby, vice chairman.
+    The company said Kerr was formerly president and co-founder
+of &lt;Mediflex Systems Corp>, and Jacoby is also its chief
+financial officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12061" NEWID="7148">
+<DATE>19-MAR-1987 10:55:26.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1169&#31;reute
+s f BC-BAKER,-FENTRESS-AND-C   03-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER, FENTRESS AND CO &lt;BKFR> VOTES DIVIDEND</TITLE>
+<DATELINE>    CHICAGO, March 19 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior qtr
+    Payable 10 June
+    Record 15 May
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12062" NEWID="7149">
+<DATE>19-MAR-1987 10:56:23.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1171&#31;reute
+r f BC-AMCAST-&lt;ACST>-COMPLET   03-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMCAST &lt;ACST> COMPLETES SALE OF NEWMAN DIVISION</TITLE>
+<DATELINE>    DAYTON, Ohio, March 19 - </DATELINE><BODY>Amcast Industrial Corp said it
+completed the sale of its Newman Division to Newman
+Manufacturing Inc, a new company formed by Newman's employees.
+    The sale price was not disclosed.
+    Amcast said Newman's Kendallville, Indiana plant is one of
+the country's largest producers of gray iron castings for the
+automotive and commercial air conditioning and refrigeration
+industries. It said the plant employs 300 people.
+    Amcast said it decided to sell the division to move out of
+the gray iron castings business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12063" NEWID="7150">
+<DATE>19-MAR-1987 10:57:13.79</DATE>
+<TOPICS><D>gas</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1174&#31;reute
+r f BC-U.S.-ENERGY-SECRETARY   03-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY SECRETARY RULES OUT GASOLINE TAX</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Energy Secretary John Herrington
+said he would rule out a tax on gasoline as one option to help
+avert what his departmet has called the threat of increased
+reliance on foreign oil in the coming years.
+    He said at a news conference that any recommendation he
+would make would have to increase domestic production, not
+cause widespread economic hardship and have a minimal cost to
+the U.S. taxpayer.
+    On the grounds of increasing production, he said, "I would
+rule out a gasoline tax."
+    Herrington also repeated he would rule out an oil import
+fee because of the widespread dislocation it would cause -- the
+loss of about 400,000 jobs nationwide due to higher oil prices
+and a drop in the gross national product by about 32 billion
+dlrs.
+    He said an increased depletion allowance, to 27.5 pct, on
+new and enhanced production of oil and natural gas would be a
+cheap way to spur domestic production.
+    He estimated this cost at about 200 mln dlrs a year.
+    Herrington proposed the increased depletion allowance to
+the White House Tuesday but the White House reaction was cool.
+    The White House said it would study the proposal, but was
+generally oppposed to altering the national tax code, just
+passed last year.
+    Herrington, asked his reaction to the White House reaction,
+said, "If I were the White House, I would be cool, too."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12064" NEWID="7151">
+<DATE>19-MAR-1987 10:57:43.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f1176&#31;reute
+u f BC-WIND-DAMAGES-CONTINUE   03-19 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WIND DAMAGES CONTINUES IN GREAT PLAINS--USDA</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Land damaged by wind in the 10-state
+Great Plains amount to nearly 3.7 mln acres so far this year,
+one-third more than the 1970-84 average and 300,000 acres more
+than the amount reported at this time last year, the U.S.
+Agriculture Department said.
+    In addition to the land reported damaged, another 15 mln
+acres are unprotected and susceptible to wind damage, 34 pct
+more than the 1970-84 average, but about one mln acres less
+than last year.
+    The states hardest hit were in the Northern Plains, where
+wind damaged 2.4 mln acres, an increase of 1.5 mln acres over
+the amount reported a year ago, the department said.
+    Suffering the most damage in the Northern Plains were
+Montana (1.3 mln acres), and North Dakota (518,500 acres.)
+    Of the five Southern Plains states, only Colorado reported
+an increase in wind-damaged land over last year, it said.
+    Texas, New Mexico, Oklahoma and Kansas reported a reduction
+in damaged land, due in part to emergency conservation tillage
+practices and in part to rainfall and weather conditions.
+    Of the land damaged, 96.2 pct was cropland, 3.5 pct
+rangeland, and 0.9 pct was other land.
+    Inadequate snow cover and high winds, coupled with a lack
+of erosion control practices such as windbreaks and
+conservation tillage, contributed to the increased wind damaged
+land in some areas, the department said.
+    Data on wind damage is collected during November-June.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12065" NEWID="7152">
+<DATE>19-MAR-1987 10:57:46.23</DATE>
+<TOPICS><D>gas</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V Y RM
+&#22;&#22;&#1;f1177&#31;reute
+f f BC-******U.S.-ENERGY-CHI   03-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. ENERGY CHIEF RULES OUT GASOLINE TAX AS WAY TO AVERT PENDING OIL CRISIS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12066" NEWID="7153">
+<DATE>19-MAR-1987 10:59:26.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1179&#31;reute
+r f BC-N.C.-FEDERAL-SAVINGS   03-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.C. FEDERAL SAVINGS &lt;NCFS> ELECTS OFFICERS</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 19 - </DATELINE><BODY>North Carolina Savings and Loan
+Association elected J. Graham Harwood its chairman, and R.
+Martin Hall its president and chief operating officer.
+    The company said the chairman's post has been vacant two
+and a half years.
+    It also said Harwood, who was president, would retain his
+chief executive officer's position.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12067" NEWID="7154">
+<DATE>19-MAR-1987 11:01:02.22</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1186&#31;reute
+r f BC-USDA-ASKS-TIGHT-INSEC   03-19 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ASKS TIGHT INSECT RULES FOR GRAIN SHIPMENTS</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>The U.S. Agriculture Department is
+proposing tighter federal standards setting allowable limits on
+insect infestations in grain shipments.
+    The changes in the standards would include the following:
+    -- Establishing equal tolerances for the number of live
+insects in shipments of food grains, feed grains and oilseeds.
+    -- Revising the definition of "infested" to give equal value
+to all insects injurious to grain.
+    -- Establishing lower levels of infestations. In 1988, the
+infested level would be set at three or more live insects per
+representative sample (about 100 grams), in 1990 two or more
+insects, and in 1992 the final infestattion level would be set
+at one or more live insects per representative sample.
+    -- Revising the definition of sample grade by adding a
+limit of 10 live or dead insects per sample.
+    -- Revising the definition of sample grade for wheat by
+adding a limit of 32 insect-damaged kernels per 100 grams of
+wheat.
+    The department asked for public comments on the proposals
+by April 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12068" NEWID="7155">
+<DATE>19-MAR-1987 11:01:32.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1189&#31;reute
+r f BC-PILLSBURY-&lt;PSY>-HURT   03-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PILLSBURY &lt;PSY> HURT BY RESTAURANT OPERATIONS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 19 - </DATELINE><BODY>Pillsbury Corp, reporting lower
+earnings for the third quarter ended February 28, said a strong
+performance by its Foods Group was offset by Restaurants Group
+declines.
+    Excluding unusual items, it said restaurants operating
+profit was down in the quarter 12 pct from a year ago as sales
+rose four pct.
+    It said Burger King USA and Bennigan's reported higher
+operating profit, but profits fell sharply at Steak and Ale,
+which introduced a new menu.
+    Pillsbury also reported lower profits at Distron, Burger
+King's distribution arm, and said increased investment spending
+on developing concepts - QuikWok, Bay Street and Key West Grill
+- hurt results.
+    It said Foods operating profit, excluding unusual items,
+rose 10 pct with international operations and domestic breads
+and baking products major contributors to improvement in the
+quarter.
+    A turnaround in grain merchandising was a major factor in
+profit improvement for the nine months, Pillsbury said.
+    Pillsbury said corporate expense showed a 4.3 mln dlr
+profit in the quarter reflecting a 10.5 mln dlr gain on the
+sale of a joint interest in an Australian food company and
+lower corporate expenses, largely as a result of an early
+retirement program initiated a year ago.
+    Earlier, Pillsbury reported fourth quarter earnings of 48.5
+mln dlrs, or 56 cts a share, down from 55.4 mln dlrs, or 63 cts
+a share a year ago. Sales advanced to 1.53 billion dlrs from
+1.46 billion dlrs.
+    Pillsbury said loss of investment tax credits under the
+1986 Federal Tax Reform Act reduced per-share earnings by nine
+cts in the quarter and 19 cts in the nine months.
+    As a result of the act, it said its effective income tax
+rate rose eight points to 48.1 pct in the quarter and 5.5
+percentage points to 49.7 pct for the nine months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12069" NEWID="7156">
+<DATE>19-MAR-1987 11:01:53.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1191&#31;reute
+r f BC-PETROLANE-PARTNERS-&lt;L   03-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETROLANE PARTNERS &lt;LPG> UNITS OFFERED</TITLE>
+<DATELINE>    HOUSTON, March 19 - </DATELINE><BODY>Texas Eastern Corp &lt;TET> said an
+initial public offering of 12.5 mln units of its master limited
+partnership Petrolane Partners LP is under way at 20.50 dlrs
+each.
+    Petrolane will own and operate Texas Eastern's domestic
+liquefied petroleum gas distribution business.  Texas Eastern
+said it will retain a 45 pct interest in Petrolane.
+    The company said closing of the sale of the assets is
+expected March 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12070" NEWID="7157">
+<DATE>19-MAR-1987 11:02:18.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1194&#31;reute
+r f BC-AGENCY-RENT-A-CAR-INC   03-19 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AGENCY RENT-A-CAR INC &lt;AGNC> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    CLEVELAND, March 19 -
+    </DATELINE><BODY>Shr 26 cts vs 21 cts
+    Net 5,553,000 vs 4,307,000
+    Revs 45.1 mln vs 34.2 mln
+    Year
+    Shr 86 cts vs 67 cts
+    Net 18.2 mln vs 14.0 mln
+    Revs 161.1 mln vs 118.3 mln
+    NOTE: Share adjusted for stock dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12071" NEWID="7158">
+<DATE>19-MAR-1987 11:03:46.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+f&#22;&#22;&#1;f1202&#31;reute
+r f BC-AGENCY-RENT-A-CAR-&lt;AG   03-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AGENCY RENT-A-CAR &lt;AGNC> SETS STOCK DIVIDEND</TITLE>
+<DATELINE>    CLEVELAND, March 19 - </DATELINE><BODY>Agency Rent-A-Car Inc said its board
+declared a five pct stock dividend, payable May 22 to holders
+of record on May 8.
+    The company also said it plans to increase the size of its
+rental fleet in the year ending January 31 by 20 to 25 pct and
+expand its rental office network.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12072" NEWID="7159">
+<DATE>19-MAR-1987 11:04:48.67</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1208&#31;reute
+b f BC-/-FED-EXPECTED-TO-TAK   03-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO TAKE NO MONEY MARKET ACTION</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>The Federal Reserve is expected to
+refrain from reserve-management intervention in the U.S.
+Government securities market, economists said.
+    If the Fed does act, however, they said it would be likely
+to add temporary reserves indirectly by arranging around 1.5
+billion dlrs of customer repurchase agreements.
+    Federal funds, which averaged 5.97 pct yesterday, opened at
+six pct and remained there in early trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12073" NEWID="7160">
+<DATE>19-MAR-1987 11:05:59.85</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1215&#31;reute
+r f BC-ASCS-SEEKS-OFFERS-TO   03-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASCS SEEKS OFFERS TO PROCESS CCC ROUGH RICE</TITLE>
+<DATELINE>    KANSAS CITY, March 19 - </DATELINE><BODY>The Agricultural Stabilization and
+Conservation Service (ASCS) is seeking offers to process rough
+rice owned by the Commodity Credit Corporation (CCC) and
+deliver about 27.0 mln pounds of milled rice for export
+shipment May 6-20 and May 21-June 5, an ASCS spokesman said.
+    Offers must be received by 1300 CDT April 7, and successful
+offerors will be notified April 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12074" NEWID="7161">
+<DATE>19-MAR-1987 11:06:19.13</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1217&#31;reute
+r f BC-EC-MINISTERS-AGREE-NE   03-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS AGREE NEED FOR BIG STEEL CLOSURES</TITLE>
+<AUTHOR>    By Gerrard Raven, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, March 19 - </DATELINE><BODY>European Community (EC) industry
+ministers today declared there is a need for a massive round of
+closures of steel plants to bring capacity in the 12-country
+bloc into reasonable balance with demand.
+    The ministers were meeting to discuss a plan for voluntary
+plant closures drawn up by the industry lobby group Eurofer
+which it calculates would cost around 22,000 jobs.
+    Diplomats said that in their initial reactions to the
+scheme, most ministers declared it was a useful basis for
+discussion, but did not go nearly far enough.
+    Eurofer says it has identified scope for the closure of
+plants which have an annual capacity of 15.26 mln tonnes,
+provided the companies concerned can be fully repaid by the EC
+or national governments for redundancy and other social costs.
+    But EC Executive Commission sources said Industry
+Commissioner Karl-Heinz Narjes told ministers today that 30 mln
+tonnes of annual capacity was excess to requirements and should
+be closed by the end of 1990.
+    He said the Eurofer plan in particular fails to pinpoint
+the scope for closure in heavy hot-rolled wide-strip products,
+typically produced in plants employing thousands of people.
+    The sources said no minister challenged Narjes' analysis
+that four or five hot-rolled wide-strip lines would have to
+close.
+    They said ministers agreed that the Eurofer plan should be
+expanded and developed through meetings among the industry
+body, the Commission and representatives of member states.
+    However, diplomats said it was clear from today's
+discussions that such meetings will be difficult.
+    They said member states are split on whether to reduce the
+scope of a quota production system, which at present protects
+EC steelmakers from the full force of competition for 65 pct of
+their products, while talks on the closure plan proceed.
+    It was also clear that there will be tough talks on which
+EC member states should bear the brunt of the closures and on
+how much funding for help to those thrown out of work should
+come from Community coffers.
+    German minister Martin Bangemann said his country's steel
+industry, the largest in the EC, should not suffer
+proportionately more than others, German sources said.
+    But British diplomats said their minister, Giles Shaw,
+insists that the profitability of companies should be taken
+into account.
+    The state owned British Steel Corporation, benefitting from
+massive recent write-offs of its accumulated debts, is
+currently one of the few EC steel companies in the black.
+    Ministers were this afternoon trying to agree a joint
+statement on the Eurofer plan and the situation in the
+industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12075" NEWID="7162">
+<DATE>19-MAR-1987 11:06:53.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1221&#31;reute
+r f BC-AMERICAN-ELECTRIC-&lt;AE   03-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ELECTRIC &lt;AEP> UNIT TO REDEEM PREFERRED</TITLE>
+<DATELINE>    CANTON, Ohio, March 19 - </DATELINE><BODY>American Electric Power Co's Ohio
+Power Co subsidiary said that on June 1 it will redeem 40,000
+of its 177,760 shares of Series A 14 pct cumulative preferred
+shares at par value of 100 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12076" NEWID="7163">
+<DATE>19-MAR-1987 11:07:17.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1223&#31;reute
+b f BC-REPLIGEN-&lt;RGEN>-TO-SE   03-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPLIGEN &lt;RGEN> TO SEEK AIDS VACCINE TESTING</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 19 - </DATELINE><BODY>Repligen Corp said it intends
+to file an investigational new drug application to the Food and
+Drug Administration seeking permission to test its AIDS vaccine
+in humans by the early summer.
+    Repligen said the human tests could begin by the end of the
+year.
+    "We are sufficiently encouraged and impressed by the work
+to date to go ahead with a clinical trial," said Michael Egan,
+manager of business development for Repligen, a biotechnology
+company.
+    Repligen's Egan said the vaccine contains a subfragment of
+the protein coat of the AIDS virus. In animal tests, which
+included primates, Egan said the vaccine provoked neutralizing
+antibodies to the AIDS virus and broader cellular immunity.
+    Egan said the approach Repligen is using to deliver its
+vaccine, using standard vaccine methods, may be safer than
+vaccines using a live smallpox virus to carry proteins found on
+the surface coat of the AIDS virus.
+    Yesterday, Bristol-Myers Co &lt;BMY> said it would seek
+regulatory permission to test its AIDS vaccine, which uses a
+smallpox virus, in humans by the end of the month.
+    Repligen's AIDS vaccine is a collaborative effort of the
+company, Centocor Inc &lt;CNTO>, Duke University Medical School
+and the National Cancer Insitutes. The research teams are
+directed by John Ghrayeb of Centocor, Scott Putney of Repligen,
+Dani Bolognesi at Duke and Robert Gallo and Flossie Wong-Staal
+at the National Cancer Institute.
+    Although there are several AIDS vaccine candidates, experts
+believe that development of a safe and effective vaccine is a
+long ways away. Moreover, seeking approval to test a vaccine is
+only the first step in a long process of verifying if the
+vaccine actually will prevent infection.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12077" NEWID="7164">
+<DATE>19-MAR-1987 11:07:58.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1227&#31;reute
+r f BC-gandalf   03-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANDALF &lt;GANDF> INTRODUCES NEW PRODUCTS</TITLE>
+<DATELINE>    OTTAWA, March 19 - </DATELINE><BODY>Gandalf Technologies Inc said it
+introduced two new products, one of which allows its private
+automatic computer exchange networking systems to connect
+directly to Digital Equipment Corp &lt;DEC>'s Unibus-equipped
+computers.
+    The company said its new VGS 2518 communications gateway
+server provides a high capacity pathway for high speed
+asynchronous data transfer between Unibus systems and Gandalf's
+PACX 200 and PACX 2000 systems. Gandalf said it is the first in
+a series of high bandwidth gateway servers it plans to
+introduce this year.
+    Gandalf said its other new product is the MUX 2000
+multiplexing system, which offers a mix of voice and data
+capabilities and allows users to select from among four Gandalf
+multiplexing elements.
+    The company said this flexibility will be attractive to
+large users. "The larger the network, the more likely that
+flexible multiplexing solutions are required," a Gandalf
+statement said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12078" NEWID="7165">
+<DATE>19-MAR-1987 11:08:18.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1229&#31;reute
+r f BC-PARLEX-&lt;PRLX>-APPOINT   03-19 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARLEX &lt;PRLX> APPOINTS CHIEF OPERATING OFFICER</TITLE>
+<DATELINE>    METHUEN, Mass., March 19 - </DATELINE><BODY>Parlex Corp said it named Robert
+Cyr to its newly-created post of chief operating officer.
+    Cyr, 44, has been the company's senior vice president, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12079" NEWID="7166">
+<DATE>19-MAR-1987 11:09:10.39</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1235&#31;reute
+r f BC-murgold-resources-det   03-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MURGOLD RESOURCES &lt;MGDVF> DETAILS ASSAYS</TITLE>
+<DATELINE>    TORONTO, March 19 - </DATELINE><BODY>Murgold Resources Inc said assays
+received from 320 feet of drifting on the number-three vein at
+the Chester Township property south of Timmins, Ontario,
+indicate an average of 0.528 ounce of gold per ton across an
+average width of five feet for the 320-foot length.
+    The last working face assayed 0.422 ounce of gold per ton
+across 8.5 feet and the drift will be continued eastward from
+that point, the company said.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12080" NEWID="7167">
+<DATE>19-MAR-1987 11:09:47.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1239&#31;reute
+r f BC-(CORRECTED)---FEDERAL   03-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED) - FEDERAL PAPER BOARD CO &lt;FBO> PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 19 -
+    </DATELINE><BODY>Qtly div 17.5 cts vs 17.5 cts in prior qtr
+    Payable April 15
+    Record March 31
+    (Company corrects amount of previous payment in MARCH 18
+item to show there was no change)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12081" NEWID="7168">
+<DATE>19-MAR-1987 11:09:52.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1240&#31;reute
+r f BC-ALCOA-&lt;AA>-TO-SELL-AM   03-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCOA &lt;AA> TO SELL AMERICAN POWDERED METALS</TITLE>
+<DATELINE>    PITTSBURGH, March 19 - </DATELINE><BODY>Aluminum Co of America said it has
+signed a letter of intent to sell its American Powdered Metals
+Co subsidiary to R.W. Technology Inc for undisclosed terms,
+with completion expected in early May.
+    American Powdered makes metal parts for various industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12082" NEWID="7169">
+<DATE>19-MAR-1987 11:10:12.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1242&#31;reute
+d f BC-ACCOUNTING-GROUP-SETS   03-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACCOUNTING GROUP SETS COMPUTER COST GUIDELINES</TITLE>
+<DATELINE>    MONTVALE, N.J., March 19 - </DATELINE><BODY>The National Association of
+Accountants said it has a set of guidelines to account for
+costs from internal use of computers.
+    The Association said Statement No. 4F, written by the
+Management Accounting Practices Committee, advises that users
+generally should be charged for services furnished by an
+information system.
+    The Association said users can measure internal computing
+costs against costs charged by outside vendors. But it said a
+company may not want to allocate costs when attempting to
+encourage use of a new system.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12083" NEWID="7170">
+<DATE>19-MAR-1987 11:10:47.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1246&#31;reute
+u f BC-BANCA-MONTE-DI-PARMA   03-19 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCA MONTE DI PARMA ISSUING EUROCERTIFICATES</TITLE>
+<DATELINE>    PARMA, Italy, March 19 - </DATELINE><BODY>Banca del Monte di Parma said it
+will issue up to 20 mln dlrs of euro-certificates of deposit on
+the euromarket.
+    Samuel Montagu of London would be dealer for the programme,
+while Euromobiliare Ltd would be involved in placing the
+certificates with institutional investors, the bank said.
+    Maturities on the certificates will be between seven and
+365 days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12084" NEWID="7171">
+<DATE>19-MAR-1987 11:11:33.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f1249&#31;reute
+u f BC-WESTERN-WATER-SUPPLIE   03-19 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN WATER SUPPLIES MAY BE PROBLEM - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>The water supply outlook for most of
+the Western U.S. states this summer looks dim, the U.S.
+Agriculture Department said.
+    Snowpack and precipitation were well below normal
+throughout much of the West as of last week.
+    Eight of the 12 states in which the department collects
+data reported snowpack and precipitation at three-quarters or
+less of normal.
+    It said unless late winter snows or spring rains bring
+relief, these states can expect possible water shortages this
+summer.
+    Major water users, including agricultural producers,
+municipalities and industry, should begin conservation measures
+now to avoid water rationing later, USDA said.
+    The department said California, one of the country's major
+agricultural producers, is the driest, with snowpack and
+precipitation so far this year at less than half of normal.
+    Nevada, Idaho, Utah, Montana, Wyoming, Oregon and
+Washington also report significant shortages despite pockets of
+near normal to above noral rainfall in some areas, the
+department said.
+    Arizona and Alaska have higher than normal snowpack and
+precipitation, while Colorado and New Mexico are near normal,
+it said.
+    The western water supply forecast is based on the latest
+snow surveys and analyses of precipitation data by the
+department and the National Weather Service.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12085" NEWID="7172">
+<DATE>19-MAR-1987 11:12:34.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1253&#31;reute
+r f BC-APPLIED-DNA-SYSTEMS-&lt;   03-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLIED DNA SYSTEMS &lt;ADNA> NAMES NEW OFFICERS</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Applied DNA Systems Inc said Kenneth
+Blackman was named vice president and chief operating officer,
+and its chairman, Donald Bachmann, was named to the additional
+post of chief executive officer.
+    The company said the company position of president will be
+left vacant with the retirement of Maurice Sussman, who was
+also the chief executive officer.
+    The company said the chief operating officer's post is
+newly created.
+    Blackman was executive vice president and chief operating
+officer with &lt;BW Biotec Inc.>
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12086" NEWID="7173">
+<DATE>19-MAR-1987 11:14:29.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1263&#31;reute
+r f BC-COLONIAL-MUNICIPAL-IN   03-19 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLONIAL MUNICIPAL INITIAL OFFERING STARTS</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 19 - </DATELINE><BODY>Colonial Municipal Income Trust
+said an initial public offering of 26 mln shares is under way
+at 10 dlrs each through underwriters led by Morgan Keegan Inc
+&lt;MOR>, Bateman Eichler, Hill Richards Inc and Piper, Jaffray
+and Hopwood Inc.
+    Underwriters have been granted an option to purchase up to
+3,900,000 more shares to cover overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12087" NEWID="7174">
+<DATE>19-MAR-1987 11:16:35.27</DATE>
+<TOPICS><D>crude</D><D>earn</D><D>nat-gas</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1271&#31;reute
+d f BC-BRITOIL-SEES-LOWER-U.   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITOIL SEES LOWER U.K. EXPLORATION EXPENDITURE</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Britoil Plc's &lt;BTOL.L> exploration
+expenditure for the U.K. In 1987 was likely to be only about a
+third of the level in 1986, though overseas expenditure would
+remain approximately the same, Chief executive David Walker
+said.
+    He told reporters following the release of the company's
+1986 figures that project expenditure would also remain at 1986
+levels.
+    U.K. Project expenditure in 1986 rose to 208 mln stg from
+184 mln while exploration expenditure dropped to 87 mln from
+156 mln. Overseas exploration fell to 28 mln from 58 mln in
+1985.
+    Earlier, Britoil posted a drop in pretax profit for 1986 to
+134 mln stg from 759 mln in 1985, before an extraordinary
+charge of 50 mln stg on the company's U.S. Assets. The results
+were slightly better than analysts forecast and the share
+firmed to 231p from 222p at last night's close. Chairman Sir
+Philip Shelbourne said the collapse in the oil price in 1986
+had made the period extremely difficult but the company had
+come through remarkably well.
+    Provided the recovery in oil prices was maintained, the
+conditions would be right for a substantially improved
+performance this year.
+    He added that the firmness of oil prices in March, when
+they were normally weaker, made him "a bit encouraged" about the
+prospects for future levels.
+    Walker added that Britoil would feel confident if the price
+stayed within a band of 15 dlrs to 20 dlrs a barrel.
+    Britoil had received some 100 responses to its announcement
+of a desire to sell the assets and was asking for bids by the
+latter part of April.
+    End-year reserves rose to 603 mln barrels of oil compared
+with 503 mln previously. However, Walker noted that this
+included a revised definition of reserves.
+    If 1985 figures were restated along the same lines, the
+reserve figure would show a drop from 720 mln barrels
+previously.
+    Gas reserves also eased to 3,568 billion cubic feet from a
+restated 3,660 billion.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12088" NEWID="7175">
+<DATE>19-MAR-1987 11:19:04.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1281&#31;reute
+r f BC-GTE-&lt;GTE>-SELLS-DEBEN   03-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE &lt;GTE> SELLS DEBENTURES YIELDING 8.737 PCT</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>GTE Corp is raising 250 mln dlrs
+through an offering of debentures due 2017 yielding 8.737 pct,
+said sole underwriter UBS Securities Inc.
+    UBS, the U.S. unit of Union Bank of Switzerland, won the
+issue in competitive bidding against syndicates led by such
+major U.S. houses as First Boston and Morgan Stanley.
+    UBS has become the second foreign firm to manage an issue
+in the domestic debt market this year, following Daiwa
+Securities America Inc. However, investment bankers noted that
+UBS was the first foreigner to break into the U.S. market when
+it won a competitive bidding in June 1986.
+    An officer on UBS's corporate syndicate desk said the GTE
+issue is the fourth that the securities firm has managed.
+    UBS bid the GTE debentures at 97.0025 and set a coupon of
+8-1/2 pct and reoffering price of 97.50 to yield 112 basis
+points over the off-the-run 9-1/4 pct Treasury bonds of 2016.
+    Non-refundable for 10 years, the issue is rated A-3 by
+Moody's and A-minus by Standard and Poor's.
+    GTE last tapped the debt market when it sold on November
+20, 1986, 250 mln dlrs of same-maturity, same-rated debt priced
+to yield 9.388 pct, or 174 basis points over comparable
+Treasury paper, underwriters noted.
+    Underwriters said that two of the UBS-lead offerings were
+negotiated deals. UBS won the other two issues in competitive
+bidding acting as sole underwriter.
+    Daiwa, the U.S. unit of Daiwa Securities Co Ltd of Japan,
+ran the books for a March 11 offering of 200 mln dlrs of
+10-year notes of Rockwell International Corp &lt;ROK>,
+underwriters noted.
+    Thus far, Nomura Securities International Inc is the only
+other foreign firm to manage a U.S. debt offering. The U.S.
+unit of Nomura Securities Co Ltd of Japan, acting as sole
+underwriter, won a competitive issue in early December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12089" NEWID="7176">
+<DATE>19-MAR-1987 11:20:26.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1287&#31;reute
+r f BC-IRANIAN-PARLIAMENT-AP   03-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRANIAN PARLIAMENT APPROVES ENLARGED BUDGET</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Iran's budget for the fiscal year
+starting on Saturday forecasts revenue of 50.3 billion dlrs, a
+15 pct increase from this year, figures published by the
+Iranian news agency IRNA show.
+    IRNA, quoting figures supplied by the head of the Majlis
+(parliament) budget and planning committee, said spending for
+the war with Iraq was up by 3.6 billion dlrs, but gave no
+overall figure.
+    Oil revenue has been set at 11.74 billion dlrs, with
+average exports of 1.5 mln barrels per day (bpd) at 16 dlrs per
+barrel.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12090" NEWID="7177">
+<DATE>19-MAR-1987 11:21:27.50</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1291&#31;reute
+u f BC-U.K.-REVISES-RETAIL-P   03-19 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. REVISES RETAIL PRICE INDEX FROM FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The U.K. Government tomorrow will
+release the first of its Retail Price Index (RPI) figures
+calculated on a revised group of components and rebased on
+January 1987, as previously announced, the Employment
+Department said.
+    The index, Britain's measure of inflation, is for February.
+Earlier data will not be revised as there are no equivalent
+figures including the new components, a spokesman said.
+    Previously, the RPI base was January, 1974.
+    Market forecasts centre on a 0.4-0.5 pct monthly rise in
+February and a year on year rate about 4.0 pct. The government
+forecasts annual inflation will be 4.0 pct at the end of 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12091" NEWID="7178">
+<DATE>19-MAR-1987 11:21:46.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1293&#31;reute
+r f BC-mr.-jax-fashions-in-p   03-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MR. JAX FASHIONS IN PRIVATE PLACEMENT</TITLE>
+<DATELINE>    VANCOUVER, BRITISH COLUMBIA, March 19 - </DATELINE><BODY>&lt;Mr. Jax Fashions
+Inc> said it agreed to sell 600,000 common shares to Pemberton
+Houston Willoughby Bell Gouinlock Inc and Dominion Securities
+Inc, which the buyers will offer at 13-5/8 dlrs per share to
+institutional investors.
+    Closing is expected on April 30, subject to completion of
+necessary regulatory filings. Mr. Jax said proceeds will be
+used for internal growth and potential acquisitions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12092" NEWID="7179">
+<DATE>19-MAR-1987 11:22:56.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1297&#31;reute
+d f BC-RACAL-ANNOUNCES-U.S.   03-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RACAL ANNOUNCES U.S. UNIT AND MARKETING AGREEMENT</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Racal Electronics Plc &lt;RCAL.L> announced
+the formation of a new company &lt;Racal-Guardata Inc.> of Orange
+County California, as well as a co-operative marketing
+agreement between the new company and &lt;General Electric
+Information Services Company> of the U.S.
+    Racal said the new company, a part of the Racal-Chubb data
+security operation, will sell proven data security devices and
+systems into the U.S. Where experts believe computer fraud
+could be costing users as much as five billions dlrs a year.
+The agreement enables users of GE's worldwide teleprocessing
+services to combat fraud against financial institutions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12093" NEWID="7180">
+<DATE>19-MAR-1987 11:23:37.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1299&#31;reute
+d f BC-GUINNESS-BOARD-SEEKS   03-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUINNESS BOARD SEEKS REMOVAL OF SAUNDERS, WARD</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Guinness Plc &lt;GUIN.L> said its board had
+agreed to put an extraordinary motion at the group's annual
+meeting to remove former chairman Ernest Saunders and
+non-executive Thomas Ward as directors.
+    The meeting will be held on May 27.
+    Saunders resigned as chairman and chief executive in
+January following the start of a Trade Department inquiry into
+the group's takeover bid for &lt;Distillers Co Plc>.
+    Finance director Olivier Roux later quit from his executive
+position and from the board but Saunders and Ward remained as
+directors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12094" NEWID="7181">
+<DATE>19-MAR-1987 11:23:45.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1300&#31;reute
+r f BC-ADVANCED-MARKETING-IN   03-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED MARKETING INITIAL OFFER UNDER WAY</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Lead underwriter Muller and Co Inc
+said an initial public offering of 500,000 units of &lt;Advanced
+Marketing Technology Corp> is under way at eight dlrs a unit.
+    Each unit consists of four common shares and one Class A
+warrant allowing the purchase of one common share and one Class
+B warrant from March 25, 1987 until March 18, 1992.
+    Each Class B warrant will allow the holder to buy one
+common share at 2.80 dlrs during the same period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12095" NEWID="7182">
+<DATE>19-MAR-1987 11:24:26.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1301&#31;reute
+r f BC-domtar-to-issue-100-m   03-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOMTAR TO ISSUE 100 MLN DLRS OF DEBENTURES</TITLE>
+<DATELINE>    Montreal, March 19 - </DATELINE><BODY>&lt;Domtar Inc> said it filed a
+preliminary prospectus for an issue of 100 mln dlrs of 10 pct
+debentures, to be offered at 99-3/4 to yield 10.03 pct and to
+mature April 15, 2011.
+    Underwriters are Levesque, Beaubien Inc, Wood Gundy Inc,
+Burns Fry Ltd and Nesbitt Thomson Deacon Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12096" NEWID="7183">
+<DATE>19-MAR-1987 11:24:34.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1302&#31;reute
+r f BC-BLINDER-INTERNATIONAL   03-19 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLINDER INTERNATIONAL &lt;BINLC> LOANS 4 MLN DLRS</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 19 - </DATELINE><BODY>Blinder International
+Enterprises Inc said it will loan four mln dlrs to Cattle Baron
+Inc, a subsidiary of Source Venture Capital &lt;SOR>.
+    The loan will be used to contruct the Cattle Baron casino
+and restaurant to be located in Henderson, Nev., the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12097" NEWID="7184">
+<DATE>19-MAR-1987 11:24:48.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1303&#31;reute
+r f BC-sand-technology-syste   03-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAND TECHNOLOGY SYSTEMS &lt;SNDCF> 2ND QTR NET</TITLE>
+<DATELINE>    Toronto, March 19 - </DATELINE><BODY>ended January 31
+    Shr nil vs nil
+    Net profit 351,000 vs loss 243,000
+    Sales 7,050,000 vs 7,012,000
+    Avg shrs 106,780,000 vs 93,666,000
+    Six mths
+    Shr loss one ct vs loss one ct
+    Net loss 999,000 vs loss 563,000
+    Sales 10.6 mln vs 13.0 mln
+    Avg shrs 106,641,000 vs 92,986,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12098" NEWID="7185">
+<DATE>19-MAR-1987 11:26:40.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1313&#31;reute
+u f BC-RYAN'S-FAMILY-STEAK-H   03-19 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RYAN'S FAMILY STEAK HOUSE &lt;RYAN> SETS SPLIT</TITLE>
+<DATELINE>    GREENVILLE, S.C., March 19 - </DATELINE><BODY>Ryan's Family Steak Houses Inc
+said its board declared a three-for-one stock split, payable
+May 20 to holders of record May 6.
+    The company said the split is subject to shareholder
+approval of an increase in authorized shares to 100 mln from 20
+mln at the April 22 annual meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12099" NEWID="7186">
+<DATE>19-MAR-1987 11:27:09.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nymex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f1318&#31;reute
+r f BC-NEW-NYMEX-CHAIRMAN-BR   03-19 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW NYMEX CHAIRMAN BRADT SETS MERGER PRIORITIES</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>William Bradt, new chairman of the New
+York Mercantile Exchange, NYMEX, said his priorities are to
+merge the exchange with other futures exchanges at the World
+Trade Center and to reallocate space on the crowded NYMEX
+floor.
+    Bradt, a local trader and member of the board of governors,
+assumed his duties yesterday and met reporters.
+    "If all four exchanges become one, we would save incredible
+costs and become more competitive to Chicago," Bradt told
+Reuters.
+    Bradt was referring to a merger among the four exchanges at
+the Commodity Exchange Center, an idea that has been discussed
+intermittently for several years.
+    The four exchanges -- the Commodity Exchange, the Coffee,
+Sugar and Cocoa Exchange, and the New York Cotton Exchange in
+addition to the NYMEX -- are all located on a single floor at
+the World Trade Center.
+    Bradt said he would address the problem of space shortages
+on the exchange floor by reallocating booth space among the
+members, including sharing of booths.
+    "If you are a company with potential business for the Merc,
+you should get a booth," he said, adding that an exchange
+committee is studying the problem.
+    The election of Bradt, and of local trader Vincent Viola as
+an at-large member, increases representation of locals on the
+15 member board to five members from four, according to a NYMEX
+spokesman.
+    Bradt defeated vice chairman Stanley Meierfeld by a vote of
+315 to 217. He will serve a two-year term and succeeds Michel
+Marks, who decided not to seek reelection after serving as
+chairman since 1978.
+    Zoltan Guttman was elected vice chairman and Thomas McMahon
+was elected as trade house representative.
+    John Tafaro, owner of Tafaro Brokerage, was reelected as
+floor broker representative on the board, and George Gero, a
+vice president of Prudential-Bache Securities, was reelected as
+futures commission merchant representative.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12100" NEWID="7187">
+<DATE>19-MAR-1987 11:27:38.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1321&#31;reute
+d f BC-D/P-LOWERS-MINNESOTA   03-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>D/P LOWERS MINNESOTA POWER &lt;MPL> DEBT RATING</TITLE>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>Duff and Phelps said it lowered its
+ratings assigned to Minnesota Power and Light Co's fixed income
+securities, covering about 442 mln dlrs in debt.
+    The first mortgage bonds were lowered to D/P-7 (low single
+A) from D/P-4 (low double A), and the preferred stock to D/P-8
+(high triple B) from D/P-5 (high single A), it said.
+    The ratings reflect continuing erosion of a major segment
+of its sales base as the outlook for the taconite industry
+continues to be depressed, D/P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12101" NEWID="7188">
+<DATE>19-MAR-1987 11:27:43.17</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1322&#31;reute
+f f BC-French-official-reser   03-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> French official reserves 388.68 billion francs at end Feb vs 375.95 billion end Jan
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12102" NEWID="7189">
+<DATE>19-MAR-1987 11:29:18.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1330&#31;reute
+r f BC-INERTIA-DYNAMICS-&lt;TRI   03-19 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INERTIA DYNAMICS &lt;TRIM> TO PAY STOCK DIVIDEND</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 19 - </DATELINE><BODY>Inertia Dynamics Corp said it
+declared a 50 pct stock dividend, payable May 1 to shareholders
+of record April 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12103" NEWID="7190">
+<DATE>19-MAR-1987 11:30:57.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1336&#31;reute
+d f BC-CSP-INC-&lt;CSPI>-2ND-QT   03-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSP INC &lt;CSPI> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    BILLERICA, Mass., March 19 -
+    </DATELINE><BODY>Shr one ct vs 21 cts
+    Net 24,000 vs 612,000
+    Sales 2,061,000 vs 3,914,000
+    1st half
+    Shr eight cts vs 43 cts
+    Net 223,000 vs 1,220,000
+    Sales 4,584,000 vs 7,912,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12104" NEWID="7191">
+<DATE>19-MAR-1987 11:31:04.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1337&#31;reute
+d f BC-PUBLISHERS-EQUIPMENT   03-19 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLISHERS EQUIPMENT CORP &lt;PECN> YEAR NET</TITLE>
+<DATELINE>    DALLAS, March 19 -
+    </DATELINE><BODY>Shr profit eight cts vs loss 23 cts
+    Net profit 251,000 vs loss 731,000
+    Revs 29.1 mln vs 25.9 mln
+    Backlog 18.9 mln vs 12.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12105" NEWID="7192">
+<DATE>19-MAR-1987 11:31:22.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1339&#31;reute
+d f BC-CAVALIER-HOMES-INC-&lt;C   03-19 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAVALIER HOMES INC &lt;CAVH> 4TH QTR NET</TITLE>
+<DATELINE>    WICHITA FALLS, Texas, March 19 -
+    </DATELINE><BODY>Shr 10 cts vs 14 cts
+    Net 191,465 vs 193,799
+    Sales 7,160,945 vs 6,576,670
+    Avg shrs 2,000,565 vs 1,400,000
+    Year
+    Oper shr 33 cts vs 50 cts
+    Oper net 605,725 vs 694,785
+    Sales 23.3 mln vs 22.1 mln
+    Avg shrs 1,840,692 vs 1,400,000
+    NOTE: 1985 year net excludes 30,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12106" NEWID="7193">
+<DATE>19-MAR-1987 11:32:07.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1345&#31;reute
+d f BC-COLONIAL-COMMERCIAL-C   03-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLONIAL COMMERCIAL CORP &lt;CCOM> 4TH QTR NET</TITLE>
+<DATELINE>    VALLEY STREAM, N.Y., March 19 -
+    </DATELINE><BODY>Shr not given
+    Oper net profit 405,914 vs loss 145,380
+    Revs 2,446,901 vs 1,295,187
+    Year
+    Shr not given
+    Oper net profit 1,211,465 vs loss 178,101
+    Revs 9,085,222 vs 4,995,735
+    NOTE: Earnings from 1983 on benefit preferred shareholders
+until preferred shareholders' equity equals or exceeds
+liquidating and mandatory redemption values.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12107" NEWID="7194">
+<DATE>19-MAR-1987 11:33:11.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1349&#31;reute
+d f BC-ALCATEL-CIT-WINS-SWED   03-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCATEL CIT WINS SWEDISH MILITARY CONTRACT</TITLE>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>Alcatel Cit &lt;ALCP.PA>, the newly
+established French subsidiary of Alcatel NV which now runs the
+worldwide telecommunications activities of ITT Corp &lt;ITT.N>,
+has won a 15 mln franc contract from the Swedish armed forces
+for transmission equipment, Alcatel said in a communique here.
+    The order is for multiplexing equipment and falls within
+the framework of a 50 mln franc sales contract obtained by
+Alcatel in 1982, it added.
+    Alcatel NV is a joint venture between ITT and France's
+state-owned Cie Generale d'Electricite &lt;CGE>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12108" NEWID="7195">
+<DATE>19-MAR-1987 11:35:55.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1364&#31;reute
+u f BC-PACIFIC-TELESIS-&lt;PAC>   03-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC TELESIS &lt;PAC> UP ON SMITH BARNEY OPINION</TITLE>
+<DATELINE>    NEW YORK, MARCH 19 - </DATELINE><BODY>The stock of Pacific Telesis Group
+rose 1/2 to 54-1/8 in active trading after analyst Charles
+Schelke of Smith Barney upgraded a recommendation on the stock
+to "buy" from "accumulate," traders said.
+    Schelke was unavailable for comment.
+    Traders familiar with the opinion said the recommendation
+noted that a possible operating rate reduction had already been
+discounted in the stock yesterday when it fell 1-7/8, making
+the stock a good buy today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12109" NEWID="7196">
+<DATE>19-MAR-1987 11:36:36.40</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>panama</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1370&#31;reute
+u f BC-PANAMA-CANAL-OFFICIAL   03-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANAMA CANAL OFFICIAL CONFIRMS NO 1988 TOLL RISE</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Panama Canal toll charges will not rise
+in the year to end-September 1988, despite last October's
+landslide which dumped 0.5 mln cubic yards of debris into the
+waterway, Canal Commission Administrator Dennis McAuliffe said.
+    He told a press conference that in confirming the
+Commission's earlier announcement of unchanged tolls for 1988,
+he was not necessarily implying there would be a rise in 1989.
+    The canal would probably make a five to six mln dlr loss in
+the current financial year but this could be carried over and
+met from next year's revenues.
+    This year's deficit resulted from the landslide which cost
+the canal about 15 mln dlrs, McAuliffe said. This included
+eight to nine mln dlrs in immediate costs with the rest being
+spent on earth-moving operations to prevent any further
+landslides.
+    He said the landslide was not caused by deforestation and
+he described as grossly exaggerated reports that there was any
+threat to the canal's water supply in the foreseeable future.
+    Studies concerning the possibility of widening the Gaillard
+cut would not be affected by the landslide, he said, adding
+that he expected the canal board to determine whether and when
+the canal needed widening by January 1988 at the latest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12110" NEWID="7197">
+<DATE>19-MAR-1987 11:36:42.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1371&#31;reute
+f f BC-******MOODY'S-DOWNGRA   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S DOWNGRADES MERRILL LYNCH AND CO INC ISSUES, AFFECTING SIX BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12111" NEWID="7198">
+<DATE>19-MAR-1987 11:37:44.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1380&#31;reute
+r f BC-TELE-ART-&lt;TLARF>-EXTE   03-19 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELE-ART &lt;TLARF> EXTENDS WARRANTS</TITLE>
+<DATELINE>    DENVER, March 19 - </DATELINE><BODY>Tele-Art Inc said its class A warrants
+which were due to expire March 19 have been extended to April
+18.
+    Tele-Art designs and manufactures digital watches and
+clocks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12112" NEWID="7199">
+<DATE>19-MAR-1987 11:38:10.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1382&#31;reute
+h f BC-RICHARDSON-&lt;RELL>TO-B   03-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RICHARDSON &lt;RELL>TO BUY ITALIAN SEMICONDUCTOR FIRM</TITLE>
+<DATELINE>    LAFOX, ILL., March 19 - </DATELINE><BODY>Richardson Electronics Ltd said it
+agreed to buy for undisclosed terms, G.E.B., Giant Electronics
+Brand, a Florence, Italy-based distributor of electron tubes
+and semiconductors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12151" NEWID="7200">
+<DATE>19-MAR-1987 11:38:39.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>boesky</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1385&#31;reute
+u f BC-JEFFERIES   03-19 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC DETAILS CHARGES AGAINST JEFFERIES</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Federal regulators said Boyd
+Jefferies, who resigned as head of his Los Angeles brokerage
+firm, took part in schemes to manipulate the price of a stock
+and in a stock "parking" plot with inside trader Ivan Boesky.
+    In a civil complaint filed in U.S. District Court in New
+York, the Securities and Exchange Commission said Jefferies
+agreed with an unidentified person to have his firm buy up a
+large chunk of stock being issued in a public offering.
+    Under the agreement, the firm, Jefferies and Co, drove the
+price of the stock up by one-eighth point by buying four blocks
+of the stock at or near the close of trading, the SEC said.
+    Jefferies and Co's purchases of the unidentified stock
+accounted for 66 pct of the total trading volume of the stock
+on that day and were aimed at manipulation, the SEC said.
+    The complaint did not identify the company whose stock was
+being traded, but said that the Jefferies and Co purchases took
+place sometime last year when another unidentified company,
+which owned a controlling interest in the company, sold several
+million shares of the stock in a secondary public offering.
+    The stock purchases were made on the New York Stock
+Exchange and the Pacific Stock Exchange, the SEC said.
+    The person who made the alleged stock manipulation
+agreement with Jefferies was also not identified.
+    But the person was later billed by Jefferies and Co in a
+phony invoice marked for investment banking services for the
+exact amount the firm lost on the deal when it later sold the
+stock on the open market, the SEC said.
+    The payment, the amount of which was also not revealed in
+the complaint, was made later by another unidentified person
+after Jefferies sent a second invoice for a lesser amount, the
+SEC said. The firm recorded the payment as "other income," it
+said.
+    William McLucas, associate director of enforcement at the
+SEC, declined to say why the agency decided against revealing
+the identities of other persons and companies involved in the
+stock manipulation scheme.
+    "We just made a determination that this was the way to go
+at this time," McLucas told Reuters.
+    The complaint went into far greater detail in its charges
+that Jefferies agreed with Boesky to "park" stock at each
+other's firms. Parking, or warehousing, stock, refers to deals
+where stock is held by one person or firm under an arrangement
+where it is actually under the control of someone else.
+    Under the agreement between Jefferies and Boesky, Jefferies
+and Co would hold stock owned by Seemala Corp, one of Boesky's
+brokerage firms, for 31 days, after which Seemala would "buy"
+the stock back, the SEC said.
+    Seemala realized all gains and sustained all losses on the
+stock held by Jefferies and Co during the period, agreed to
+compensate Jefferies and Co for carrying the stock and to pay
+more than twice Jefferies and Co's usual commission, it said.
+    Seemala then agreed to hold stock owned by Jefferies and Co
+for a month under terms about the same as the deal in which
+Seemala agreed to park its stock at Jefferies and Co, it said.
+    The agreement, which violated several securities laws,
+allowed Seemala to create a false appearance that no longer
+held the stock and could meet the SEC's net capital
+requirements, the SEC said.
+    Jefferies wanted Seemala to hold some of its stock, the SEC
+said, so that Jefferies and Co could meet its net capital
+needs, the agency said.
+    On March 12, 1985, Seemala "sold" Jefferies 810,000 shares
+oc Cooper Laboratories Inc for 11.7 mln dlrs, 600,000 shares of
+Southland Financial Corp for 17.3 mln dlrs and 500,000 shares
+of G.D. Searle and Co for 27.1 mln dlrs, it said.
+    On March 20, Jefferies and Co "sold" Seemala 185,500 shares
+of American Broadcasting Co for 19.6 mln dlrs, 210,000 shares
+of Ideal Basic Industries Inc for 2.9 mln dlrs, 300,000 shares
+of ITT Corp for 9.8 mln dlrs, 105,000 shares of Phillips
+Petroleum Co for 4.0 mln dlrs, 70,000 shares of Pioneer Corp
+for 2.1 mln dlrs and 300,000 shares of Texas Oil and Gas Corp
+for 5.3 mln dlrs, the SEC said.
+    The value of Seemala's stock at the time of the transfers
+was 56 mln dlrs, while Jefferies and Co's stock was worth 43
+mln dlrs at the time, the SEC said.
+    Within a month, Seemala and Jefferies and Co unwound most
+of the stock transfers with each others firms, the SEC said.
+    But a major hitch developed in the deal when the price of
+Searle stock, which Jefferies and Co was holding for Seemala,
+dipped sharply, it said.
+    On March 26 Seemala "bought" back its Searle stock for 23.4
+mln dlrs, resulting in a 3.6 mln dlr loss for Jefferies and Co,
+the SEC said. Seemala then allowed Jefferies and Co to "buy"
+back some it the stock Seemala was holding for it at a 647,812
+dlr gain and Boesky's firms later paid the Jefferies firm three
+mln dlrs, which it called "fees," it said.
+    Among the violations Jefferies committed in the schemes,
+were net capital, record keeping, public disclosure and margin
+requirements, the SEC said.
+    Under the settlement of the civil SEC's charges, which was
+announced simultaneously with the filing of the complaint,
+Jefferies and his firm did not have to admit or deny guilt.
+    But they agreed to a court order barring them from further
+securities law violations.
+    Jefferies also agreed to get out of the securities business
+for at least five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12113" NEWID="7201">
+<DATE>19-MAR-1987 11:39:45.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1389&#31;reute
+r f BC-MORTGAGE-AND-REALTY-&lt;   03-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORTGAGE AND REALTY &lt;MRT> ELECTS NEW PRESIDENT</TITLE>
+<DATELINE>    ELKINS PARK, Penn., March 19 - </DATELINE><BODY>Mortgage and Realty Trust
+said C.W. Strong Jr., executive vice president, will succeed
+Hayward L. Elliott as president and chief executive officer
+when Elliott retires on April 1987.
+    It said Elliott, 70, will remain a trustee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12114" NEWID="7202">
+<DATE>19-MAR-1987 11:40:29.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1393&#31;reute
+d f BC-AMEX-APPROVES-LISTING   03-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX APPROVES LISTING OF LANDMARK &lt;LCO></TITLE>
+<DATELINE>    ATLANTA, Ga, March 19 - </DATELINE><BODY>The American Stock Exchange said it
+has approved the listing of 12.3 mln common shares of Landmark
+Technology Corp.
+    Trading of the shares will begin Friday, March 20. The
+stock is currently traded over the counter under the symbol
+LTCO.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12115" NEWID="7203">
+<DATE>19-MAR-1987 11:41:27.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1397&#31;reute
+u f BC-INVESTCORP-RAISES-60   03-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTCORP RAISES 60 MLN DLR FACILITY</TITLE>
+<DATELINE>    BAHRAIN, March 19 - </DATELINE><BODY>Bahrain-based &lt;Arabian Investment
+Banking Corp (Investcorp) EC> is raising 60 mln dlrs through a
+medium-term revolving multi-purpose facility, arranger and
+co-lead manager &lt;Arab Banking Corp> (ABC) said.
+    ABC said the deal had originally been mandated for 50 mln
+dlrs, but a lead management group of six banks, each
+underwriting 10 mln dlrs, had been formed prior to general
+syndication, which started today.
+    Investcorp, set up in 1982, specialises in buying companies
+and property in industrialised nations. It then sells shares in
+these to investors in the Gulf region.
+    ABC said Investcorp's facility can be used "alternatively or
+simultaneously" through the following facilities:
+    - issue of euronotes and or advances through tender.
+    - extension of committed advances by the underwriting
+banks, a so-called "back-stop" facility.
+    - issue of contingent obligations such as performance
+letters of credit, letters of guarantee or the receipt of
+quotations for interest rate swaps, interest rate caps and
+collars from a panel of selected banks.
+    ABC said the final option gives Investcorp the right to
+request facilities on an uncommitted basis.
+    ABC said the facility has a maturity of three years from
+signature, with bullet repayment.
+    It said the interest margin over London Interbank Offered
+Rates (LIBOR) for the committed advances will be based on the
+total utilisation of the facility - 17.5 basis points for up to
+one third, 20 basis points for up to two thirds and 22.5 points
+for an amount above that level.
+    Banks are being invited to underwrite the facility at a
+flat fee of 0.325 pct for five mln dlrs, 0.275 pct for three to
+four mln and 0.25 pct for one to two mln. Syndication runs
+until April 8.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12116" NEWID="7204">
+<DATE>19-MAR-1987 11:42:13.84</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1401&#31;reute
+f f BC-******FED-SAYS-IT-SET   03-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12117" NEWID="7205">
+<DATE>19-MAR-1987 11:43:33.67</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1406&#31;reute
+b f BC-EC-GRANTS-25,000-TONN   03-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EC GRANTS 25,000 TONNES BARLEY, 80,000  FRENCH MAIZE LICENCES, REJECTS WHEAT - TRADERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12118" NEWID="7206">
+<DATE>19-MAR-1987 11:44:12.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1407&#31;reute
+f f BC-******UAW-SAYS-IT-PLA   03-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UAW SAYS IT PLANS TO AUTHORIZE STRIKE AT GM TRUCK PLANT AT PONTIAC, MICH.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12119" NEWID="7207">
+<DATE>19-MAR-1987 11:45:38.11</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1411&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-19 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange 1.5 billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at six pct when the
+Fed began its temporary and indirect supply of reserves to the
+banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12120" NEWID="7208">
+<DATE>19-MAR-1987 11:47:03.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1415&#31;reute
+b f BC-domtar   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOMTAR SETS TWO-FOR-ONE STOCK SPLIT TO TAKE EFFECT MAY 14                         
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12121" NEWID="7209">
+<DATE>19-MAR-1987 11:47:25.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1417&#31;reute
+r f BC-PUBLIC-SERVICE-CO-OF   03-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLIC SERVICE CO OF N.H.&lt;PNH> OMITS DIVIDEND</TITLE>
+<DATELINE>    MANCHESTER, N.H., March 19 - </DATELINE><BODY>Public Service Co of New
+Hampshire said its board voted to omit the quarterly dividend
+which would have been paid on May 15.
+    The company said the omission is the thirteenth consecutive
+dividend omission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12122" NEWID="7210">
+<DATE>19-MAR-1987 11:49:47.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1421&#31;reute
+b f BC-MERRILL-LYNCH-&lt;MER>-D   03-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH &lt;MER> DEBT DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 119 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded the ratings on six billion dlrs of debt of Merrill
+Lynch and Co Inc.
+    Cut were the firm's senior debt, Eurodebt and senior
+guaranteed Eurodebt to A-1 from Aa-3 and subordinated debt to
+A-2 from A-1.
+    Merrill's Prime-1 commercial paper was not under review.
+    Moody's said that while Merrill's absolute earnings would
+continue to increase, the house's profitability will lag that
+of its peers. And Merrill's attempts to improve profitability
+will be constrained by accelerating competition, Moody's said.
+    Moody's also said Merrill Lynch would continue to
+aggressively commit its capital to such merchant banking
+activities as bridge financing.
+    "These activities elevate the risk content of Merrill's
+balance sheet at the same time as low profitability inhibits
+the strong internal capital generation which may be necessary
+to support business expansion efforts," Moody's said.
+    The rating agency noted, however, that Merrill's franchise
+retains significant value and gives the firm strong proprietary
+securities placement power.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12123" NEWID="7211">
+<DATE>19-MAR-1987 11:49:57.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1422&#31;reute
+u f BC-RECORD-LOW-COUPON-ON   03-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECORD LOW COUPON ON SUMITOMO SWISS CONVERTIBLE</TITLE>
+<DATELINE>    ZURICH, March 19 - </DATELINE><BODY>A coupon of 1/2 pct, equal to the lowest
+ever in the Swiss franc market, has been set for Sumitomo
+Corp's 200 mln franc convertible notes due September 30, 1992,
+lead manager Swiss Bank Corp said.
+     The conversion price has been set at 1,004 yen, a 3.93 pct
+premium over today's 966 yen close. The exchange rate has been
+set at 99.78 yen to the franc.
+    The issue, whose coupon was indicated at 5/8 pct, carries a
+put option after three years at 103 pct. Payment date is March
+30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12124" NEWID="7212">
+<DATE>19-MAR-1987 11:50:59.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1427&#31;reute
+u f BC-REXNORD-INC-&lt;REX>-1ST   03-19 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXNORD INC &lt;REX> 1ST QTR JAN  31 LOSS</TITLE>
+<DATELINE>    MILWAUKEE, WIS., March 19 - 
+    </DATELINE><BODY>Shr loss 76 cts vs profit 50 cts
+    Net loss 19,186,000 vs profit 12,438,000
+    Sales 157.9 mln vs 149.2 mln
+    NOTE: Fiscal 1987 net loss includes a pretax charge of 19.5
+mln dlrs from restructuring and an after tax charge of about
+seven mln dlrs from debt prepayment premiums.
+    Fiscal 1986 net profit includes a pretax gain of 7.2 mln
+dlrs on the sale of some land, an after tax loss 1.35 mln dlrs
+from discontinued operations and an after tax gain of 6.7 mln
+dlrs from a change in accounting.
+    All results restated to exclude five businesses divested as
+part of the company's restructuring program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12125" NEWID="7213">
+<DATE>19-MAR-1987 11:52:23.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f1432&#31;reute
+r f BC-TIME-&lt;TL>-SAYS-IT-WIL   03-19 0080</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TIME &lt;TL> SAYS IT WILL REFINANCE DEBT
+    NEW YORK, March 19, Time Inc said it intends to make a cash
+tender offer for its 150 mln dlr outstanding 10-5/8 pct notes
+due October 15 1992.
+      The price and other terms of the tender offer have not
+yet been determined, the company said.
+    Time also announced its subsidiary, Time-Life Overseas
+Finance Corp NV, intends to call for redemption all of its 100
+mln dlr outstanding 10-3/4 pct guaranteed notes due January 26,
+1990.
+    Time said it expects to fund the tender offer and
+redemption through one or more public issues of intermediate or
+long-term debt.
+    It added a shelf registration statement for up to 500 mln
+dlrs of debt securities to be used, in part, for the
+debt refinancing is expected to be filed in the near future.
+    Time said these moves are part of a continuing effort to
+reduce the average cost of its debt and to increase its
+financing flexibility.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12126" NEWID="7214">
+<DATE>19-MAR-1987 11:52:40.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1433&#31;reute
+d f BC-U.S.-OFFICIAL-PESSIMI   03-19 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OFFICIAL PESSIMISTIC ON AID FUNDING</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Deputy Assistant Treasury Secretary
+James Conrow said he was exceedingly pessimistic that 1988
+funding for the multilateral development banks, as proposed by
+the Reagan administration, will be approved by Congress.
+    Speaking to an international development conference, Conrow
+said it appears almost certain Congress will opt to cut
+spending for international programs before they cut into
+domestic programs.
+    He said in such an environment "foreign aid will lose and
+lose big."
+    The administration has proposed development bank funding of
+1.8 billion dlrs for fiscal year 1988 and seeks about 290 mln
+dlrs in catch-up from funding reduced in prior years.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12127" NEWID="7215">
+<DATE>19-MAR-1987 11:54:00.19</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1436&#31;reute
+b f BC-TRADERS-DETAIL-EC-EXP   03-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADERS DETAIL EC GRAIN EXPORT LICENCES</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The EC Commission granted 25,000 tonnes
+of free market barley export licences at today's tender and
+80,000 tonnes of French maize, grain traders said.
+    The maximum export rebate for barley was set at 137.25 Ecus
+and for maize at 129.75 Ecus per tonne.
+    All bids for wheat were rejected, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12128" NEWID="7216">
+<DATE>19-MAR-1987 11:54:21.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1439&#31;reute
+r f BC-CARSON-&lt;CRN>-CITES-IM   03-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARSON &lt;CRN> CITES IMPACT OF TAX REFORM ACT</TITLE>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>Carson Pirie Scott and Co said the Tax
+Reform Act of 1986, which repealed investment tax credits, had
+a negative impact of 22 cts a share on earnings for the year
+ended January 31.
+    Earlier, Carson reported yearly per-share earnings of 1.83
+dlrs, down from 1.86 dlrs a year ago. Average shares increased
+to 10.2 mln from 9.9 mln a year earlier. Sales gained to 1.41
+billion dlrs from 1.30 billion dlrs.
+    Carson said it was "extremely optimistic about improved
+profit performance in 1987."
+    It said in the first half of 1987 it hopes to reduce
+seasonal-type losses sustained in the 1986 first and second
+quarters.
+    The company said that in early April its Oak Brook Hills
+Hotel and Conference Center in suburban Chicago will open under
+its management. Provisions for startup expenses have been made,
+it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12129" NEWID="7217">
+<DATE>19-MAR-1987 11:58:38.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1453&#31;reute
+r f BC-domtar   03-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOMTAR PLANS TWO-FOR-ONE STOCK SPLIT</TITLE>
+<DATELINE>    MONTREAL, March 19 - </DATELINE><BODY>&lt;Domtar Inc> said it plans a
+two-for-one stock split to take effect May 14.
+    The company said shareholders will be asked to approve the
+split at the annual meeting on April 29.
+    Domtar said its directors believe the split could favorably
+affect marketability of the shares and encourage wider
+distribution.
+    The shares have been trading recently in a range of 45
+dlrs. Domtar stock was previously split on a two-for-one basis
+in June, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12130" NEWID="7218">
+<DATE>19-MAR-1987 11:59:12.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1455&#31;reute
+r f BC-FINANCIAL-PERFORMANCE   03-19 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL PERFORMANCE &lt;FPCC> PURSUES EXPANSION</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Financial Performance Corp said it
+continued its rapid expansion with a signing of a partnership
+agreement with Gold Sierra Financial Advisors, founded by
+former Bank of America officers in capital markets.
+    It said the agreement, under which it owns 50 pct of the
+partnership, enables it to move into the mergers and
+acquisitions business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12131" NEWID="7219">
+<DATE>19-MAR-1987 11:59:36.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1458&#31;reute
+r f BC-TREASURY'S-CONROW-PES   03-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S CONROW PESSIMISTIC ON MDB FUNDING</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Deputy Assistant Treasury Secretary
+James Conrow said he was exceedingly pessimistic that Congress
+will approve the Reagan administration's proposed 1988 funding
+for the multilateral development banks.
+    Speaking to an international development conference, Conrow
+said it appears almost certain that Congress will opt to cut
+spending for international programs before they cut into
+domestic programs.
+    He said that in such an environment "foreign aid will lose
+and lose big."
+    He said that this means the multilateral development bank
+funding proposal will probably not "be supported and we will get
+cuts."
+    The administration has proposed development bank funding of
+1.8 billion dlrs for fiscal year 1988. In addition, it is
+seeking about 290 mln dlrs in catch-up from funding that had
+been reduced in prior years.
+    Conrow defended the record of the banks in recent years,
+saying that they had been rightly pressing debtor countries to
+reform their domestic economic policies.
+    He said that this means the multilateral development bank
+funding proposal will probably not "be supported and we will get
+cuts."
+    The administration has proposed development bank funding of
+1.8 billion dlrs for fiscal year 1988. In addition, it is
+seeking about 290 mln dlrs in catch-up from funding that had
+been reduced in prior years.
+    Conrow defended the record of the banks in recent years,
+saying that they had been rightly pressing debtor countries to
+reform their domestic economic policies.
+    He said most of the loans made by the development banks go
+to countries that the United States would like to see helped.
+    Conrow said the U.S. financial commitment to the banks
+allows them to substantially leverage their economic strength,
+by getting assistance from other countries and by borrowing in
+the capital markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12132" NEWID="7220">
+<DATE>19-MAR-1987 12:00:26.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1461&#31;reute
+d f BC-FED-APPROVES-AMSOUTH   03-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED APPROVES AMSOUTH &lt;ASO> AFFILIATION</TITLE>
+<DATELINE>    BIRMINGHAM, Ala, March 19 - </DATELINE><BODY>AmSouth Corp said the Federal
+Reserve Board approved the affiliation of First Tuskaloosa Corp
+with Amsouth.
+    The approval was the final regulatory step in the
+affiliation process which began in August, Amsouth said.
+    Under terms of the affiliation, each First Tuskaloosa
+shareholder will receive 66 dlrs value of AmSouth stock for
+each share held. The total consideration is valued at 105.6 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12133" NEWID="7221">
+<DATE>19-MAR-1987 12:02:30.95</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1469&#31;reute
+b f BC-FRENCH-FEBRUARY-OFFIC   03-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FEBRUARY OFFICIAL RESERVES RISE</TITLE>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>French official reserves rose 12.73
+billion francs to 388.68 billion francs at the end of February
+from 375.95 billion at the end of January, the Finance Ministry
+said.
+    It said in a statement the rise was mainly due to inflows
+of foreign currency through the exchange stabilisation fund,
+which resulted in an increase of 12.41 billion francs.
+    Reserves of European Currency Units rose by 25 mln francs
+to 73.27 billion francs, due to interest adjustments, while
+gold reserves rose by two mln francs to 218.46 billion francs.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12134" NEWID="7222">
+<DATE> 19-MAR-1987 12:03:38.22</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1479&#31;reute
+u f BC-FRENCH-INSTITUTE-PESS   03-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH INSTITUTE PESSIMISTIC ON 1987 GROWTH</TITLE>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>French gross domestic product will grow
+by only 1.5 pct in real terms this year, compared with the
+government's forecast of two to 2.5 pct growth, the private
+Institut des Previsions Economiques et Financieres pour le
+Developpement des Entreprises (IPECODE) said.
+    However, it expects growth to recover next year to the 1986
+level of two pct.
+    IPECODE said demand and production would develop in
+parallel this year, in contrast to last year when production
+was unable to keep pace with the strong rise in domestic
+demand, unleashing higher import demand.
+    Claims on the International Monetary Fund (IMF) rose by 298
+mln francs to 19.61 billion francs, due to net withdrawals in
+francs by member nations, and an increase in reserves of
+Special Drawing Rights (SDRs) due mainly to the repayment of
+French debts.
+    Its deficit with the European Monetary Cooperation Fund
+(FECOM) remained unchanged in February at 33.90 billion francs.
+    French household consumption, which rose by 3.1 pct last
+year, is likely to grow by just 1.1 pct this year and 1.5 pct
+in 1988, it added.
+    Industrial investment is expected to rise by 4.3 pct this
+year and 5.5 pct in 1988, down from 6.5 pct in 1986.
+    Inflation, which was running at 2.1 pct at the end of 1986,
+is likely to rise to 2.9 pct at the end of this year, IPECODE
+said, while the government has forecast 2.5 pct.
+    However, the institute said inflation would fall back to
+2.5 pct at the end of 1988, "provided that real wage costs
+remain within the framework of productivity rises."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12135" NEWID="7223">
+<DATE>19-MAR-1987 12:06:52.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1500&#31;reute
+b f BC-CHAMPION-&lt;CHA>-IN-28   03-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAMPION &lt;CHA> IN 285 MLN DLR EXPANSION</TITLE>
+<DATELINE>    STAMFORD, Conn, March 19 - </DATELINE><BODY>Champion International Corp said
+its board approved a 285 mln dlrs expansion of its mill in
+Hinton, Alberta, Canada.
+    The project will double capacity of the mill's pulping
+operation to 424,000 short tonnes a year.
+    Champion expects the expansion to be completed by 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12136" NEWID="7224">
+<DATE>19-MAR-1987 12:11:39.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1539&#31;reute
+b f BC-******COCA-COLA,-COLO   03-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COCA-COLA, COLOR SYSTEMS IN 100-MLN-DLR VENTURE TO COLORIZE FILMS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12137" NEWID="7225">
+<DATE>19-MAR-1987 12:12:29.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1545&#31;reute
+r f BC-INDEPENDENCE-BANCORP   03-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDEPENDENCE BANCORP &lt;INBC> COMPLETES MERGER</TITLE>
+<DATELINE>    PERKASIE, Penn., March 19 - </DATELINE><BODY>Independence Bancorp Inc said
+it completed its merger with Scranton, Penn.-based &lt;Third
+National Bank and Trust Co>, with assets of 316 mln dlrs.
+    Independence said its combined assets are now 2.5 billion
+dlrs.
+    The company said that each share of Third National common
+will be exchanged for 4.06 shares of its common. Independence
+said the merger will be accounted for as a pooling of
+interests.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12138" NEWID="7226">
+<DATE>19-MAR-1987 12:12:37.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1546&#31;reute
+d f BC-RIVERSIDE-GROUP-INC-&lt;   03-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIVERSIDE GROUP INC &lt;RSGI> 4TH QTR</TITLE>
+<DATELINE>    JACKSONVILLE, Fla, March 19 -
+    </DATELINE><BODY>Shr 55 cts vs 93 cts
+    Net 1.6 mln vs 2.6 mln
+    Revs 5.3 mln vs 1.2 mln
+    Year
+    Shr 73 cts vs 1.36 dlrs
+    Net 2.0 mln vs 3.0 mln
+    Revs 9.1 mln vs 11.0 mln
+    NOTE:1985 net includes 2.7 mln dlrs gain on disposal of
+unit. 1986 includes operations of Dependable Insurance Gruop
+Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12139" NEWID="7227">
+<DATE>19-MAR-1987 12:13:11.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1549&#31;reute
+r f BC-AMERICAN-ELECTRIC-&lt;AE   03-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ELECTRIC &lt;AEP> UNIT SELLS BONDS</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Columbus and Southern Ohio Electric
+Co, a unit of American Electric Power Co Inc, is offering 100
+mln dlrs of first mortgage bonds due 2017 priced to yield nine
+pct, said lead manager Morgan Stanley and Co Inc.
+    Morgan headed a syndicate that won the bonds in competitive
+bidding. Daiwa Securities, Drexel Burnham and UBS Securities
+are co-managers of the offering.
+    Underwriters noted that UBS, acting as sole underwriter,
+won a competitive bidding for 250 mln dlrs of 30-year
+debentures of GTE Corp &lt;GTE> just this morning. And Daiwa ran
+the books for an offering in the U.S. earlier this month.
+    The GTE deal is UBS's first this year and the fourth since
+it won a competitive bidding in June 1986. Daiwa won its first
+U.S. corporate debt offering in September 1986 and followed
+that with the March 11 competitive win.
+    The only other foreign firm to manage an offering in the
+U.S. market is Nomura Securities International Inc, which won
+as sole underwriter a competitive issue in December 1986.
+    Morgan Stanley said it bid the Columbus and Southern Ohio
+mortgage bonds at 99.609 and set a coupon of nine pct and
+reoffering price of par to yield 140 basis points over the
+off-the-run 9-1/4 pct Treasury bonds of 2016.
+    The American Electric unit last tapped the domestic debt
+market on August 21, 1986, when it issued 80 mln dlrs of
+same-rated 29-year debt securities priced to yield 9-1/2 pct,
+or 204 basis points over comparable Treasury securities.
+    Non-refundable for five years, the 30-year first mortgage
+bonds are rated Baa-2 by Moody's Investors Service Inc and BBB
+by Standard and Poor's Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12140" NEWID="7228">
+<DATE>19-MAR-1987 12:16:10.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1562&#31;reute
+b f BC-******TRIZEC-CORP-LTD   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRIZEC CORP LTD TO ISSUE 171.25 MLN DLRS OF CLASS A SHARES AT 34.25 DLRS EACH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12141" NEWID="7229">
+<DATE>19-MAR-1987 12:16:48.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1565&#31;reute
+r f BC-itl   03-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;I.T.L. INDUSTRIES LTD> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    TORONTO, March 19 -
+    </DATELINE><BODY>Oper shr loss two cts vs profit three cts
+    Oper net profit 301,000 dlrs vs profit 130,000
+    Revs 10.5 mln vs eight mln
+    NOTE: Dividends on preferred shares 370,000 dlrs vs 51,000
+dlrs.
+    Oper net excludes gains on tax loss carryforward of 247,000
+dlrs vs 118,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12142" NEWID="7230">
+<DATE>19-MAR-1987 12:17:51.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1568&#31;reute
+u f BC-UAW-TO-AUTHORIZE-STRI   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW TO AUTHORIZE STRIKE AT GM &lt;GM> PLANT</TITLE>
+<DATELINE>    DETROIT, March 19 - </DATELINE><BODY>The United Auto Workers said it plans
+to tell General Motors Corp later today that it will authorize
+a strike by its local at GM's truck and bus works in Pontiac,
+Mich.
+    The union said its letter to GM means the 9,000 workers at
+the Pontiac facility will walk out of the plant next week if a
+contract dispute is not settled between the two sides.
+    The action "triggers an intensive effort to resolve
+disputed issues before the letter expires," the UAW said.
+    The main unresolved issue is the subcontracting of work by
+GM to non-union workers, the union said in a statement.
+    The UAW said its vice president Donald F. Ephlin, head of
+the union's General Motors bargaining unit, met with officials
+of Local 594 in Pontiac, Mich., this morning to review the
+issues involved in the dispute.
+    The union said it is "hopeful that a settlement can be
+reached before a strike becomes necessary."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12143" NEWID="7231">
+<DATE>19-MAR-1987 12:23:03.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1584&#31;reute
+d f BC-TRACOR-&lt;TRR>-GETS-NAV   03-19 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRACOR &lt;TRR> GETS NAVY CONTRACT</TITLE>
+<DATELINE>    AUSTIN, Texas, March 19 - </DATELINE><BODY>Tracor Inc's Applied Sciences Inc
+unit said it received an 8.4 mln dlrs contract from the U.S.
+Navy
+    The contract is for one year and includes four one-year
+options.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12144" NEWID="7232">
+<DATE>19-MAR-1987 12:23:57.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1585&#31;reute
+h f BC-MCI-&lt;MCI>-FILES-CREDI   03-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCI &lt;MCI> FILES CREDIT CARD FRAUD SUIT</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 19 - </DATELINE><BODY>MCI Telecommunications Corp
+said it filed suit against 27 Johnson C. Smith University
+students in Mecklenburg County General Court to recover damages
+from credit card fraud in excess of 600,000 dlrs.
+    The suit is based on the use of two credit card codes for
+long distance services, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12145" NEWID="7233">
+<DATE>19-MAR-1987 12:24:28.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1586&#31;reute
+u f AM-REAGAN-PROSECUTOR   03-19 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADMINISTRATION OPPOSES SPECIAL PROSECUTOR LAW</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>The Reagan administration protested
+for the first time the constitutionality of the 1978 special
+prosecutor law that led to a current investigation of the
+Iran-contra scandal.
+    The constitutional attack by Assistant Attorney General
+John Bolton was the first official public objection, although
+reportedly the administration privately has opposed the Ethics
+in Government Act.
+    Bolton told a Senate subcommittee the administration
+"believes there are grave constitutional problems" with the law
+that sets up court-appointed independent prosecutors, or
+independent counsels, to probe high ranking government
+officials.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12146" NEWID="7234">
+<DATE>19-MAR-1987 12:24:34.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1587&#31;reute
+d f BC-CORROON-AND-BLACK-&lt;CB   03-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORROON AND BLACK &lt;CBL> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Carroon and Black Corp said it
+completed the acquisition of &lt;Poggi-Harrison Agency Inc> and
+&lt;Risk Control Inc>.
+    Terms of the acquisitions were not disclosed.
+    Separately, Carroon said it also completed the acquisition
+of &lt;Rosskopf, Rapp and Schmidt Insurance Agency>, based in El
+Monte, Calif.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12147" NEWID="7235">
+<DATE>19-MAR-1987 12:25:30.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1590&#31;reute
+u f BC-TULTEX-&lt;TTX>-INCREASE   03-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TULTEX &lt;TTX> INCREASES DIVIDEND</TITLE>
+<DATELINE>    MARTINSVILLE, Va., March 19 -
+    </DATELINE><BODY>Qtly div nine cts vs eight cts prior
+    Payable July one
+    Record June 12
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12148" NEWID="7236">
+<DATE>19-MAR-1987 12:26:36.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1591&#31;reute
+r f BC-CME-DROPS-S-&amp;-P-500-F   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME DROPS S AND P 500 FUTURES PRICE LIMIT PLAN</TITLE>
+<DATELINE>    BOCA RATON, March 19 - </DATELINE><BODY>The Chicago Mercantile Exchange's
+board of the directors has decided to drop a proposal to place
+a limit on daily price movements of its Standard and Poor's 500
+futures contract, CME President William Brodsky said.
+    Brodsky told the Futures Industry Association that the
+exchange's board decided Tuesday to withdraw the proposal,
+which aimed to quell price volatility in the popular contract.
+    He said the proposal to establish a one-year pilot program
+had generated much negative reaction among users of the
+contract and that the CFTC "was not comfortable" with the plan.
+    "Now, given the CFTC's posture on our filing, we feel the
+negatives outweigh the positives," Brodsky said.
+    Brodsky said market users were concerned that limits could
+"become self-fulfilling because they could force sales to
+(allow users to) avoid becoming locked into the market."
+    He also said the board was concerned that the one-year
+pilot price limit might become permanent. "Rules when put in
+place sometimes don't come off," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12149" NEWID="7237">
+<DATE>19-MAR-1987 12:27:55.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>un</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1600&#31;reute
+r f AM-METALS   03-19 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.N. ADVISES MINES TO FIGHT METAL SUBSTITUTES</TITLE>
+<DATELINE>    UNITED NATIONS, March 19 - </DATELINE><BODY>Mining companies may have to
+develop specialty metals and metal-containing products if
+plastics and other substitutes are not to make further inroads
+in their markets, according to the United Nations.
+    In a report by Secretary General Javier Perez de Cuellar on
+world mineral resources, U.N. experts termed conditions in the
+non-fuel mineral industry "unlike anything that has been
+experienced for the last half century."
+    Effects of slower global economic growth were compounded by
+diminishing use of the major and base metals and the
+development of substitutes in traditional markets, it said.
+    The report was prepared for a nine-day session next month
+of the U.N. committee on natural resources, an organ of the
+Economic and Social Council.
+    The gap between world productive capacity and demand would
+eventually be eliminated by closing mines, the report
+predicted.
+    "Although for the most part mining companies have been slow
+to develop specialty metals and metal-containing products and
+to develop markets for such products, it seems that such
+activities will be needed if plastics and other metal
+substitutes are not to make further inroads into the
+traditional markets for the major and base metals," the experts
+said.
+    "Integration of metal-producing and manufacturing
+enterprises between and among developed economies seems to be a
+likely consequence."
+    The report noted that, because of low prices, there was
+little incentive for new investment in mining except in the
+case of gold, which continued to attract investment at current
+prices with important increases in production in the past two
+years in North America, Australia, Papua New Guinea and Latin
+America.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12150" NEWID="7238">
+<DATE>19-MAR-1987 12:30:54.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1615&#31;reute
+r f BC-TWO-FORD-&lt;F>-PLANTS-T   03-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO FORD &lt;F> PLANTS TO WORK SATURDAY</TITLE>
+<DATELINE>    DETROIT, March 19 - </DATELINE><BODY>Ford Motor Co said one of its U.S. car
+and one of its U.S. truck assembly plants will work overtime on
+Saturday, March 21.
+    The number two automaker said all of its U.S. car and truck
+plants will work overtime during the week.
+    The two plants scheduled to work Saturday are Ford's
+assembly plant in Dearborn, Mich., which makes Mustang cars,
+and its Michigan Truck plant in Wayne, Mich., which makes light
+trucks.
+    No layoffs are scheduled, a spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12152" NEWID="7239">
+<DATE>19-MAR-1987 12:31:26.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1618&#31;reute
+r f BC-J-AND-J-SNACK-&lt;JJSF>   03-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J AND J SNACK &lt;JJSF> TO SELL CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>J and J Snack Foods Corp said it filed
+with the Securities and Exchange Commission a registration
+statement covering a 25 mln dlr issue of convertible
+debentures.
+    The company said proceeds would be used for potential
+future acquisitions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12153" NEWID="7240">
+<DATE>19-MAR-1987 12:33:17.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1630&#31;reute
+u f BC-BENETTON-OF-ITALY-SEE   03-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENETTON OF ITALY SEES EXPANSION, ACQUISITIONS</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>&lt;Benetton SpA> of Italy expects to
+further diversify into financial services and is weighing 
+possible acquisitions, a Benetton spokeswoman here said.
+    "We are thinking of diversification outside of the retail
+line," the spokeswoman said. "We are looking at financial
+services and other manfacturing companies."
+    However, she said the company was not targeting the U.S.
+for its planned expansion, but was looking at a number of
+different countries.
+    The company's shares are traded in the U.S. as American
+Depository Receipts, which were issued through an offering by
+Morgan Stanley Group Inc &lt;MS> earlier this month.
+    Benetton is now holding talks with Wall Street firms about
+the possibility of receiving a quotation of its shares on the
+New York Stock Exchange. "There's absolutely no timetable. It
+may not even happen," the spokeswoman said.
+    She also denied reports that the company was considering an
+issue of convertible bonds with warrants in the U.S. "We're not
+thinking of issuing bonds," she said.
+    In line with its planned Global expansion efforts, Benetton
+is also holding talks with the Soviet Union to explore the
+possibility of opening up to 150 stores in the country. But the
+spokeswoman pointed out that many companies are holding talks
+with the Soviets.
+    "We are in discussions and are looking forward to some
+response," she said. She added the company had no firm
+timetable on when a response might be received.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12154" NEWID="7241">
+<DATE>19-MAR-1987 12:36:01.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1648&#31;reute
+b f BC-HAMBURGISCHE-LB-BOND   03-19 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAMBURGISCHE LB BOND RAISED TO 75 MLN CANADIAN DLRS</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The Hamburgische Landesbank Girozentrale
+Canadian dollar bond issued earlier today due May 6, 1990 at
+8-1/4 pct and 101-3/8 has been increased to 75 mln dlrs, said
+Merrill Lynch Capital Markets as lead manager.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12155" NEWID="7242">
+<DATE>19-MAR-1987 12:36:16.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1650&#31;reute
+r f BC-MCORP-&lt;M>-TO-CONVERT   03-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCORP &lt;M> TO CONVERT 35 MEMBER BANKS TO BRANCHES</TITLE>
+<DATELINE>    DALLAS, March 19 - </DATELINE><BODY>MCorp said it plans to convert 35 of its
+62 member banks to branches during the next nine months.
+    It said it expects the conversions, pending regulatory
+approval of branching applications, will provide substantial
+long-term benefits for its customers and shareholders.
+    In connection with the conversions, MCorp said it also has
+realigned its operating structure and named eight group
+chairmen.
+    It said the group chairmen, with its chairman and
+president, will comprise its management committee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12156" NEWID="7243">
+<DATE>19-MAR-1987 12:36:27.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1651&#31;reute
+r f BC-trizec   03-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIZEC TO ISSUE 171.25 MLN DLRS OF NEW STOCK</TITLE>
+<DATELINE>    CALGARY, Alberta, March 19 - </DATELINE><BODY>&lt;Trizec Corp Ltd> said it
+plans a 171.25 mln dlr issue of class A subordinate voting
+shares, consisting of five mln shares at 34.25 dlrs each.
+    It said &lt;Great Lakes Group Inc> will buy 3,750,000 shares
+from the underwriters after closing and grant the underwriters
+an option to repurchase 150,000 shares.
+    Underwriters are Dominion Securities Inc, Gordon Capital
+Corp, Merrill Lynch Canada Inc, McLeod Young Weir Ltd, Wood
+Gundy Inc and Brown Baldwin Nisker Ltd. Trizec said it will
+file a preliminary short-form prospectus on the issue with
+securities commissions across Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12157" NEWID="7244">
+<DATE>19-MAR-1987 12:36:40.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1653&#31;reute
+r f BC-TULTEX-CORP-&lt;TTX>-1ST   03-19 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TULTEX CORP &lt;TTX> 1ST QTR FEB 28</TITLE>
+<DATELINE>    MARTINSVILLE, VA, March 19 -
+    </DATELINE><BODY>Shr 23 cts vs 28 cts
+    Net 4.3 mln vs 5.1 mln
+    Revs 64.5 mln vs 67.1 mln
+    NOTE:1986 reflects two for one stock split, effective July
+31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12158" NEWID="7245">
+<DATE>19-MAR-1987 12:36:59.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1654&#31;reute
+d f BC-FEDERATED-FIN'L-SAVIN   03-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED FIN'L SAVINGS &lt;FEDF> INITIAL PAYOUT</TITLE>
+<DATELINE>    MILWAUKEE, WIS., March 19 - </DATELINE><BODY>Federated Financial Savings
+said it declared an initial quarterly dividend of 85 cts a
+share April 27, record April 13.
+    This is the first dividend paid by Federated since its
+conversion to a stock company from a mutual on Jan 28, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12159" NEWID="7246">
+<DATE>19-MAR-1987 12:37:09.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1655&#31;reute
+r f BC-ELSINORE&lt;ELS>-MAKES-D   03-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELSINORE&lt;ELS> MAKES DEPOSIT FOR INTEREST PAYMENT</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Elsinore Corp said it deposited about
+2.33 mln dlrs with trustee Manufacturers Hanover Trust Co to
+cover accrued and unpaid interest on the 15-1/2 pct senior
+mortgage bonds due 1999 of its unit Elsinore Finance Corp.
+    The interest has not been paid for January and February and
+will be paid April 9 to bondholders of record on April 8, the
+parent company said.
+    Elsinore said it has guaranteed the payment of the bonds.
+The interest payment is being made in line with the terms of a
+previously announced agreement in principle it reached with an
+unofficial committee of senior bondholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12160" NEWID="7247">
+<DATE>19-MAR-1987 12:37:31.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1658&#31;reute
+h f BC-REXNORD-&lt;REX>-SEES-MA   03-19 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXNORD &lt;REX> SEES MAY MERGER WITH BANNER &lt;BNR></TITLE>
+<DATELINE>    MILWAUKEE, WIS., March 19 - </DATELINE><BODY>Rexnord Inc said it expects to
+merge with a wholly-owned subsidiary of Banner Industries Inc
+in early May.
+    Late last month, Banner said it completed a tender offer
+for and held 96 pct of Rexnord's common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12161" NEWID="7248">
+<DATE>19-MAR-1987 12:38:03.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1659&#31;reute
+h f BC-NEWCOR-&lt;NEW>-NAMES-NE   03-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWCOR &lt;NEW> NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    TROY, MICH., March 19 - </DATELINE><BODY>Newcor Inc said its board elected
+William Mitchell as chairman succeeding Frank Gofrank, who is
+retiring as chairman but remains a director.
+    In other action, Newcor's board approved payment of a
+regular quarterly dividend of eight cts on May one, record
+April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12162" NEWID="7249">
+<DATE>19-MAR-1987 12:38:24.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1662&#31;reute
+w f BC-ZURN-&lt;ZRN>-BUYS-ANTI-   03-19 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZURN &lt;ZRN> BUYS ANTI-POLLUTANT EQUIPMENT</TITLE>
+<DATELINE>    ERIE, PA, March 19 - </DATELINE><BODY>Zurn Industries Inc said it acquired
+technology to control potentially toxic gases from polluting
+the atmosphere at various stationary sources.
+    The equipment was purchased from &lt;Proctor and Schwartz> 
+for an undisclosed amount.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12163" NEWID="7250">
+<DATE>19-MAR-1987 12:39:01.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1665&#31;reute
+s f BC-&lt;BURKE-PARSONS-BOWLBY   03-19 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BURKE-PARSONS-BOWLBY> CORP SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    RIPLEY, W. Va., March 19 -
+    </DATELINE><BODY>Qtrly div three cts vs three cts prior
+    Pay May 15
+    Record April 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12164" NEWID="7251">
+<DATE>19-MAR-1987 12:40:20.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1672&#31;reute
+u f BC-GERMAN-COMPANY-INSOLV   03-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN COMPANY INSOLVENCIES DOWN IN JANUARY</TITLE>
+<DATELINE>    WIESBADEN, West Germany, March 19 - </DATELINE><BODY>West German corporate
+insolvencies totalled 1,099 in January, 0.7 pct less than in
+the same month of 1986, the Federal Statistics Office said.
+    The number of insolvencies fell by 3.6 pct in the building
+industry and by four pct in manufacturing industry but rose by
+1.8 pct in the services sector.
+    Overall insolvencies, including those of private
+individuals, totalled 1,522 in January, 1.4 pct down on the
+same month of last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12165" NEWID="7252">
+<DATE>19-MAR-1987 12:40:42.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1675&#31;reute
+r f BC-IMMUNOGENETICS-&lt;IGEN>   03-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMMUNOGENETICS &lt;IGEN> IN RIGHTS PLAN</TITLE>
+<DATELINE>    VINELAND, N.J., March 19 - </DATELINE><BODY>Immunogenetics Inc said it
+declared the distribution of one common stock purchase right on
+each outstanding share.
+    Each right will entitle holders to buy a share at 20 dlrs
+for each share held. The rights are exercisable only if someone
+acquires 35 pct or more of the company.
+    The rights are not being distributed in response to any
+takeover effort, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12166" NEWID="7253">
+<DATE>19-MAR-1987 12:43:58.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1688&#31;reute
+r f BC-WARBURG-BEGINS-TENDER   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARBURG BEGINS TENDER OFFER FOR SYMBION &lt;SYMB></TITLE>
+<DATELINE>    SALT LAKE CITY, March 19 - </DATELINE><BODY>Symbion Inc said &lt;Warburg, 
+Pincus Capital Co L.P.> began a tender offer to purchase up to
+2.5 mln shares, or about 33 pct, of Symbion's shares at 3.50
+dlrs per share. Warburg already owns about 26 pct of Symbion.
+    Symbion has 7,472,000 shares outstanding. The company makes
+artificial hearts.
+    Symbion said its board and management are carefully
+reviewing the offer and on or before March 30 will advise its
+shareholders on whether it accepts or rejects the offer. If the
+tender offer is successful, Warburg wll own about 59 pct of
+Symbion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12167" NEWID="7254">
+<DATE>19-MAR-1987 12:44:29.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1690&#31;reute
+u f BC-FRENCH-MINISTER-RENEW   03-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH MINISTER RENEWS ECONOMIC CONTROVERSY</TITLE>
+<AUTHOR>    By Leyla Ertugrul, Reuters</AUTHOR>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>French Social Affairs and Labour Minister
+Philippe Seguin has renewed a controversy over whether France
+is positioning itself for an economic U-turn, saying it was
+possible to boost domestic demand without giving rise to
+negative economic effects.
+    Prime Minister Jacques Chirac's spokesman, Denis Baudouin,
+on Monday sparked speculation of a reflation hitherto excluded
+by the government when he said ministers were agreed on the
+desirability of "relaunching the economy." 
+    The Finance Ministry, however, swiftly ruled out the option
+of reinflation policies to boost domestic demand, which were
+tried and abandoned by the previous Socialist government.
+    Earlier today sources close to Finance Minister Edouard
+Balladur reiterated policy remained one of restoring sound
+finances and enhancing economic competitiveness.
+    But political analysts said Baudouin's statements showed
+growing divisions over electorally sensitive social issues
+among the rightist RPR-UDF coalition, ahead of its bid next
+year to capture the presidency from Socialist president
+Francois Mitterrand.
+    While the government has achieved lower inflation, a better
+foreign trade balance and an overwhelmingly successful
+privatisation programme, unemployment has continued to edge
+upwards, reaching its present record rate of 10.9 pct, with
+more than 2.5 mln jobless.
+    Seguin, who holds direct responsibility for dealing with
+unemployment, told a press lunch, "Everything depends on what
+you call reflation...One can arrive at the results of a
+reflation without passing through the perverse effects of a
+reflation."
+    He said conservative prime minister Jacques Chirac would
+announce in the next few days a package of capital endowments
+for state-owned enterprises including public works and motorway
+building.  And while sources at Seguin's ministry said the
+package could total 12 billion francs for 1987, sources close
+to Balladur, making no mention of public works, said only 8.6
+billion francs had been set aside for capital endowments.
+    Seguin said the advantage of public works was that they
+were non-inflationary and had a fast job-creating power.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12168" NEWID="7255">
+<DATE>19-MAR-1987 12:44:45.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1691&#31;reute
+r f BC-UNION-CARBIDE-&lt;UK>-SE   03-19 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION CARBIDE &lt;UK> SELLS NOTES YIELDING 9.90 PCT</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Union Carbide Corp is raising 350 mln
+dlrs through an offering of senior subordinated notes due 1994
+yielding 9.90 pct, said sole manager First Boston Corp.
+    The notes have a 9-3/4 pct coupon and were priced at 99.24
+to yield 290 basis points more than comparable Treasury paper.
+    Non-callable for five years, the debt is rated B-1 by
+Moody's and BB-minus by Standard and Poor's. The issue was
+increased from an initial offering of 250 mln dlrs.
+    Proceeds from the note sale and a 300 mln dlr issue of
+convertible subordinated debentures will be used to repay
+indebtedness incurred by Carbide's recapitalization plan.
+interest expense, strengthen the company's financial condition
+and increase operating flexibility, it said in a release.
+    The company's convertible subordinated debentures were
+priced late Tuesday by lead manager First Boston. The
+debentures were given a 7-1/2 pct coupon and par pricing.
+    They are convertible into Carbide's common stock at 35.50
+dlrs per share, representing a premium of 23.47 pct over the
+stock price when terms on the debt were set. The convertibles
+are rated B-2 by Moody's and BB-minus by S and P.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12169" NEWID="7256">
+<DATE>19-MAR-1987 12:46:09.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1700&#31;reute
+b f BC-******SEAGRAM-CO-LTD   03-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEAGRAM CO LTD YEAR SHR 4.45 DLRS VS 3.44 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12170" NEWID="7257">
+<DATE>19-MAR-1987 12:46:28.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1701&#31;reute
+d f BC-HAMBURGISCHE-LB-BOND   03-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAMBURGISCHE LB BOND RAISED TO 75 MLN CANADIAN DLRS</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The Hamburgische Landesbank Girozentrale
+Canadian dollar bond issued earlier today due May 6, 1990 at
+8-1/4 pct and 101-3/8 has been increased to 75 mln dlrs, said
+Merrill Lynch Capital Markets as lead manager.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12171" NEWID="7258">
+<DATE>19-MAR-1987 12:48:31.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1709&#31;reute
+u f BC-LITTON-&lt;LIT>-WINS-164   03-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTON &lt;LIT> WINS 164.2-MLN-DLR NAVY CONTRACT</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 19 - </DATELINE><BODY>Litton Industries said
+its Applied Technology division won a 164.2 mln dlr contract
+from the U.S. Navy to produce AN/ALR-67 (V) and AN/ALR-45F
+airborne threat warning systems.
+    The company said the systems will be used on a variety of
+Navy attack and reconnaissance aircraft.
+    Deliveries are set from August this year to February, 1990.
+    The Navy also has an option in June to increase the
+contract value to 226.6 mln dlrs, Litton said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12172" NEWID="7259">
+<DATE>19-MAR-1987 12:51:08.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1714&#31;reute
+r f BC-L'AIR-LIQUIDE-&lt;AIRP.P   03-19 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>L'AIR LIQUIDE &lt;AIRP.PA> YEAR ENDED DEC 31</TITLE>
+<DATELINE>    PARIS, March 19 -
+    </DATELINE><BODY>Parent company net profit 754.45 mln francs vs 674.1 mln.
+    Dividend 19.50 francs vs same.
+    NOTE - Company said the dividend would apply to shares
+issued under capital increases during 1986. This means a 32 pct
+rise in total dividend payments to 528.14 mln francs on 1986
+results from 399.62 mln the previous year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12201" NEWID="7260">
+<DATE>19-MAR-1987 12:54:08.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1720&#31;reute
+u f BC-SOLAR-SYSTEMS-&lt;SSDN>,   03-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOLAR SYSTEMS &lt;SSDN>, INKEY OF SPAIN SET PACT</TITLE>
+<DATELINE>    MIAMI, March 19 - </DATELINE><BODY>Solar Systems by Sundance Inc said it
+agreed to buy a 45 pct interest in a company that will sell
+condoms produced by INKEY SA of Spain.
+    It said a spermicide used in INKEY's condoms contains an
+ingredient that may help prevent the sexual transmission of
+AIDS. The ingredient was cited in an article in the West German
+publication, Aids Forschung. But it said the article was
+about the ingredient and did not mention the spermicide or the
+condoms made by INKEY.
+    The company also said it is changing its name to
+Eurocapital Corp shortly.
+    Solar Systems said it was buying the 45 pct stake in a
+U.S.-based &lt;Europharmaceutical Co>. INKEY and an affiliate own
+the remaining shares of the company, which was set up to
+distribute condoms and vaginal products that are made, or are
+being developed by INKEY.
+    The agreement calls for a two mln dlr payment to Inkey for
+the distributorship. The first 500,000 dlr payment is due 30
+days after the products are approved by the Food and Drug
+Administration. It said Europharmaceutical plans to soon file
+with the FDA to market the condom, but expects the approval
+process to be a lengthy one.
+    The company said the active ingredient in the spermicide is
+currently used in the U.S. in antiseptic applications unrelated
+to condoms. As far as it knows, the ingredient has not been
+tested in a spermicide.
+    Inkey's condoms will be sold in the U.S. under the brand
+name, "Carlton." The exclusive distribution contract for the
+products runs for three years and is renewable for one-year
+periods, the company said.
+    It said the condoms are currently sold in Spain but have
+not gone on sale in other European countries.
+    It said Europharmaceutical currently does not have the
+resources to make the payments under the distribution agreement
+or fund the studies necessary to obtain marketing approval from
+the FDA.
+    The company also said Europharmaceutical is in talks to
+acquire either one or more publicly held companies with little
+or no assets. In the event an acquisition goes through, Solar
+Systems' interest in Europharmaceutical would be diluted below
+its current 45 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12173" NEWID="7261">
+<DATE>19-MAR-1987 12:55:17.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1725&#31;reute
+r f BC-MODULAIRE-INDUSTRIES   03-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MODULAIRE INDUSTRIES &lt;MODX> 4TH QTR LOSS</TITLE>
+<DATELINE>    SAN FRANCISCO, March 19 -
+    </DATELINE><BODY>Shr loss 12 cts vs profit 37 cts
+    Net loss 350,738 vs profit 1,095,991
+    Revs 18.8 mln vs 15.8 mln
+    Year
+    Shr profit 28 cts vs profit 1.29 dlrs
+    Net profit 831,901 vs profit 3,000,716
+    Revs 60.6 mln vs 48.2 mln
+    Avg shrs 2,996,903 vs 2,756,596
+    Note: Per share date adjusted to reflect 10 pct stock
+dividend of March 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12174" NEWID="7262">
+<DATE>19-MAR-1987 12:56:00.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1726&#31;reute
+r f BC-INTELLICARD-&lt;ICRDC>-G   03-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELLICARD &lt;ICRDC> GETS NASDAQ EXCEPTION</TITLE>
+<DATELINE>    COLORADO SPRINGS, Colo., March 19 - </DATELINE><BODY>IntelliCARD
+International Inc said its common stock will continue to be
+quoted on NASDAQ due to an exception from capital asset
+requirements of the National Association of Securities Dealers,
+which it failed to meet as of December 16.
+    The company said it believes it can meet conditions imposed
+by the NASD for the exception, but there is no assurance that
+it will be able to do so.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12175" NEWID="7263">
+<DATE>19-MAR-1987 12:59:53.63</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1738&#31;reute
+r f BC-KENTUCKY-SMELTERS-GET   03-19 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENTUCKY SMELTERS GET RELIEF ON HIGHER RATES</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Owners of two aluminum smelters in
+Kentucky received temporary relief from higher electric rates
+after a decision Tuesday by state regulators denying a rate
+hike to (Big Rivers Electric Corp) of Henderson, Ky.
+    But the owners of the smelters, (National Southwire
+Aluminum Co) and Alcan Aluminium Ltd &lt;AL>, said further
+viability of the operations would depend in part upon how the
+rate case is eventually settled.
+    "We're hoping for no rate increases but we can't say for
+sure. It's still possible we'll have to close the smelter," a
+National Southwire spokesman said. He said there were other
+variables to consider in any decision whether to close or
+continue the smelter, located in Hawesville, about 60 miles
+west of Louisville.
+    National Southwire is owned by National Intergroup Inc
+&lt;NII>, which holds about 55 pct, and (Southwire Co), which
+holds the rest, the spokesman said.
+    A spokesman for Montreal-based Alcan said, "The decision is
+48 pages long and is in legal-ese, so it certainly will be a
+long time before we can make a decision" about what it means
+for the Sebree smelter in Henderson, about 100 miles west of
+Louisville. "But we're delighted that Big Rivers Electric was
+denied the requested rate increase."
+    A spokesman for the utility, a cooperative that generates
+and wholesales electricity to four distributors, said the
+requested increase was 7.5 mln dlrs a year over 1985 rates.
+    The Kentucky Public Service Commission, in denying the
+increase, asked the utility to meet with creditors, which
+include Manufacturers Hanover Corp &lt;MHC> and Irving Bank Corp
+&lt;V>, and the smelters, to renegotiate a rate plan, the utility
+spokesman said.
+    The commission suggested that Big Rivers Electric work out
+a flexible rate schedule with the smelters that would index
+their electric costs to the price of aluminum, he said.
+    "We have always been amenable to try, as far as we can, to
+assure that the two aluminum smelters remain viable," he said.
+    No meetings are scheduled and none have been planned
+between the utility, its creditors and the aluminum plant
+owners. The commission has set a hearing on the rate issue for
+July 28.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12176" NEWID="7264">
+<DATE>19-MAR-1987 13:00:03.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1739&#31;reute
+u f BC-SEAGRAM-CO-LTD-&lt;VO>-Y   03-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEAGRAM CO LTD &lt;VO> YEAR JAN 31 NET</TITLE>
+<DATELINE>    MONTREAL, March 19 -
+    </DATELINE><BODY>Shr 4.45 dlrs vs 3.44 dlrs
+    Shr diluted 4.30 dlrs vs 3.34 dlrs
+    Net 423.5 mln vs 319.1 mln
+    Sales 3.34 billion vs 2.97 billion
+    Avg shrs 95.1 mln vs 92.6 mln
+    NOTE: U.S. funds.
+    Net includes equity in earnings of Du Pont Co &lt;DD> of 169.1
+mln dlrs vs 75.7 mln dlrs and dividend income from Du Pont
+shares of 154.1 mln dlrs vs 150.8 mln dlrs.
+    Latest year net includes pretax charge 35.0 mln dlrs from
+sale of wine operations and reorganization of spirits
+operations in U.S. and related reduction in tax expense of 27.7
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12177" NEWID="7265">
+<DATE>19-MAR-1987 13:00:39.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1743&#31;reute
+u f BC-FRANCE'S-CNA-ISSUES-T   03-19 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE'S CNA ISSUES THREE BILLION FRANC BOND</TITLE>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>Caisse Nationale des Autoroutes (CNA) is
+issuing a three billion franc 8.50 pct, 15-year domestic bond
+at 96.10 pct, co-lead managers Caisse Nationale de Credit
+Agricole, Credit du Nord and Credit Lyonnais said.
+    Payment date will be April 6. Denominations are of 5,000
+francs. Redemption will be in three equal tranches after 12
+years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12178" NEWID="7266">
+<DATE>19-MAR-1987 13:01:40.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1748&#31;reute
+s f BC-AIR-PRODUCTS-AND-CHEM   03-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR PRODUCTS AND CHEMICALS INC &lt;APD> IN PAYOUT</TITLE>
+<DATELINE>    ALLENTOWN, Pa., March 19 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior
+    Pay May 11
+    Record April Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12179" NEWID="7267">
+<DATE>19-MAR-1987 13:02:03.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1750&#31;reute
+s f BC-J.P.-STEVENS-AND-CO-&lt;   03-19 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.P. STEVENS AND CO &lt;STN> IN PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 19 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Pay April 30
+    Record April Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12180" NEWID="7268">
+<DATE>19-MAR-1987 13:02:24.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1751&#31;reute
+u f BC-FORMER-BROKER-PLEADS   03-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER BROKER PLEADS GUILTY IN U.S. TAX SCHEME</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>A former vice president of Painewebber
+Inc pleaded guilty in Manhattan Federal Court to charges he
+conspired to launder over 700,000 dlrs in cash from investors.
+    Gary Eder, 41, PaineWebber's highest paid broker between
+1982-86, was indicted last week on charges of conspiracy and
+falsifying brokerage records.
+    Eder, who resigned from the firm earlier this year,
+admitted he received cash from various clients, and converted
+the funds to smaller amounts to avoid reporting requirements by
+the U.S. Internal Revenue Service.
+    Eder said he did not profit directly from the transactions
+except for the commissions he received.
+    U.S. District Judge Edmund Palmieri scheduled May 27 for
+sentencing. Eder could receive up to five years in jail on each
+count and 260,000 dlrs in fines.
+    Eder had been accused of plotting with unidentified
+supervisors at PaineWebber to prevent the filing of currency
+transaction reports with the IRS. Under U.S. law, cash
+transactions of 10,000 dlrs or more must be reported to the
+IRS.
+    David Spears, the Federal prosecutor in charge of the case,
+said Eder received cash from customers in amounts up to 70,000
+dlrs at one time, and then broke the cash down into amounts
+under 10,000 dlrs and put the money into accounts on several
+different days.
+    Outside of Court, Eder's lawyer, Milton Gould, said his
+client was not involved in the ongoing Wall Street insider
+trading scandel. Rather, Gould said, "Eder accomodated some
+wealthy customers (who wanted to avoid taxes)."
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12181" NEWID="7269">
+<DATE>19-MAR-1987 13:05:43.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1772&#31;reute
+r f BC-HUBCO-&lt;HCO>-TO-SEEK-N   03-19 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUBCO &lt;HCO> TO SEEK N.Y. LOAN OFFICE</TITLE>
+<DATELINE>    UNION CITY, N.J., March 19 - </DATELINE><BODY>Hubco Inc said its board is in
+the process of filing an application with the New York State
+Banking Department to permit the formation of a loan production
+office in that state.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12182" NEWID="7270">
+<DATE>19-MAR-1987 13:06:41.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1777&#31;reute
+r f BC-&lt;GERMANTOWN-SAVINGS-B   03-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GERMANTOWN SAVINGS BANK> IN SUBSCRIPTION OFFER</TITLE>
+<DATELINE>    BALA CYNWYD, Pa., March 19 - </DATELINE><BODY>Germantown Savings Bank said
+it has started a subscription offering of 3,500,000 shares at a
+maximum price of 11.50 dlrs each to customers and community
+residents.
+    It said the offer will expire April 15.
+    The company said any shares not sold will be offered to the
+public through underwriter Alex. Brown and Sons Inc &lt;ABSB>, and
+the stock is expected to trade on the NASDAQ system.  It said
+the actual price to be charged for the shares will be
+determined after the subscription offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12183" NEWID="7271">
+<DATE>19-MAR-1987 13:06:56.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1779&#31;reute
+r f BC-FIRST-FEDERAL-SALT-LA   03-19 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL SALT LAKE INITIAL OFFERING STARTS</TITLE>
+<DATELINE>    SALT LAKE CITY, March 19 - </DATELINE><BODY>First Federal Savings and Loan
+Association of Salt Lake City &lt;FFUT> said an initial public
+offering of 816,927 common shares is under way at 6.50 dlrs
+each through underwriters led by Boettcher and Co Inc.
+    It said it sold a total of one mln shares, with the others
+sold in an earlier offering to customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12184" NEWID="7272">
+<DATE>19-MAR-1987 13:07:07.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1781&#31;reute
+r f BC-tie   03-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TIE/TELECOMMUNICATIONS CANADA LTD> 4TH QTR NET</TITLE>
+<DATELINE>    MARKHAM, Ontario, March 19 - 
+    </DATELINE><BODY>Oper shr one ct vs six cts
+    Oper net 48,000 vs 556,000
+    Revs 19.0 mln vs 26.5 mln
+    Year
+    Oper shr 19 cts vs 46 cts
+    Oper net 1,586,000 vs 3,971,000
+    Revs 90.8 mln vs 103.1 mln
+    NOTE: Previous oper net excludes 404,000 dlrs of
+extraordinary expenses for qtr and 991,000 dlr gain for year.
+    TIE/communications Inc &lt;TIE> holds 65 pct interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12185" NEWID="7273">
+<DATE>19-MAR-1987 13:07:24.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1783&#31;reute
+d f BC-TRIPLE-EXPIRATION-MAY   03-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIPLE-EXPIRATION MAY JOLT STOCK MARKET</TITLE>
+<AUTHOR>    By Andrew Stern, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>The stock market could be jolted one
+way or another on Friday as the so-called triple witching
+expiration raises the specter of volatile movement.
+    The Dow Jones Industrial Average could soar or plunge as
+much as 100 points, or both, or even remain static, according
+to analysts of the stock and stock index futures markets.
+    The simultaneous expiration of March stock index futures
+contracts, options on these futures and options on the indexes
+themselves, along with options on individual stocks, has
+created a mad scramble during several previous "witching
+hours."
+    Upon expiration of these vehicles, investment managers must
+find a place for their funds, and in the past the final hour
+has seen a tremendous surge in New York Stock Exchange volume.
+    Analysts said the overriding influence of the stock
+market's steady climb this year -- and the absence of
+worthwhile investment alternatives -- may indicate that the
+major players will look to buy into the stock market as the
+final hour transpires this friday.
+    "I think there will be a substantial swap out of futures
+(positions) and into stocks," Jeffrey Miller, of Miller Tabak
+Hirsch and Co said. "(But) I've got a streak of four or five in
+a row of being right, so I'm bound to be wrong."
+    The feeling among some analysts is that the largest money
+managers will do the same thing they did at December's
+expiration when they plunged their multi-billion dollar funds
+into the stock market.
+    "Last time, during triple-expiration, there was a
+tremendous amount of stock sold, which was offset by huge buy
+programs late," said Donaldson, Lufkin and Jenrette Inc analyst
+William Marcus.
+    Some stock funds quickly place newly arrived investment
+dollars into buying futures positions, Miller said. Then, upon
+the expiration of the futures, the manager looks to transform
+that into a stock portfolio, he said.
+    The coming month is also a seasonally strong period for the
+stock market, Stotler and Co analyst David Hightower said,
+because of the influx of income tax refunds.
+    Although Hightower recommended steering clear of trading
+during the witching hour, he suggested buying if the market
+plunges, believing that the slide would only be temporary.
+    Marcus said it was difficult to make a prediction as to
+which way the market will go on Friday, partly because many
+investors will be engaging in "window-dressing."
+    The public disclosure of order imbalances in individual
+stocks a half hour before the close may reveal an opportunity
+to those investors seeking either to buy or get rid of stocks,
+offsetting whatever impact the initial imbalances show.
+    Analysts said efforts by exchanges to quell the volatility
+on triple-expirations are unlikely to substantially alter the
+impact of futures and options on the stock market. Money
+managers are sure to find other types of loopholes that emerge
+under the new rules, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12186" NEWID="7274">
+<DATE>19-MAR-1987 13:07:32.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1784&#31;reute
+d f BC-BOBBIE-BROOKS-&lt;BBKS>   03-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOBBIE BROOKS &lt;BBKS> IN RIGHTS PLAN</TITLE>
+<DATELINE>    CLEVELAND, March 19 - </DATELINE><BODY>Bobbie Brooks Inc said its board
+approved a defensive common stock purchase rights plan.
+    Under the plan, shareholders will receive one common shares
+purchase right March 31 on each outstanding share of record on
+that date.
+    Each right entitles shareholders to buy one share of common
+stock at an exercise price of 4.50 dlrs. The rights are
+exercisable only if a person acquires 20 pct or more of the
+company's common stock.
+    Bobbie Brooks said the rights are not being distributed in
+response to any specific takeover effort.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12187" NEWID="7275">
+<DATE>19-MAR-1987 13:08:14.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1789&#31;reute
+h f BC-PEOPLES-SAVINGS-BANK   03-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEOPLES SAVINGS BANK &lt;PEBW> RAISES QUARTERLY</TITLE>
+<DATELINE>    WORCESTER, Mass., March 19 -
+    </DATELINE><BODY>Qtly div 12 cts vs 10 cts prior
+    Pay April 24
+    Record April One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12188" NEWID="7276">
+<DATE>19-MAR-1987 13:08:18.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1790&#31;reute
+h f BC-DEP-CORP-DEPC-2ND-QTR   03-19 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEP CORP DEPC 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    LOS ANGELES, March 19 -
+    </DATELINE><BODY>Shr three cts vs 16 cts
+    Net 127,000 vs 605,000
+    Sales 14.4 mln vs 9,726,000
+    Six Mths
+    Shr 17 cts vs 30 cts
+    Net 678,000 vs 1,141,000
+    Sales 24.6 mln vs 19.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12189" NEWID="7277">
+<DATE>19-MAR-1987 13:08:22.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1791&#31;reute
+s f BC-FEDERAL-SIGNAL-CORP-&lt;   03-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL SIGNAL CORP &lt;FSS>  REGULAR DIVIDEND</TITLE>
+<DATELINE>    OAK BROOK, ILL., March 19 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts previously
+    Pay June Two
+    Record May 12
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12190" NEWID="7278">
+<DATE>19-MAR-1987 13:08:36.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1793&#31;reute
+s f BC-STATE-STREET-BOSTON-C   03-19 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATE STREET BOSTON CORP &lt;STBK> SETS QUARTERLY</TITLE>
+<DATELINE>    BOSTON, March 19 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay April 15
+    Record April One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12191" NEWID="7279">
+<DATE>19-MAR-1987 13:08:39.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1794&#31;reute
+s f BC-MARSH-AND-MCLENNAN-CO   03-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARSH AND MCLENNAN COS INC &lt;MMC> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 19 -
+    </DATELINE><BODY>Qtly div 47-1/2 cts vs 47-1/2 cts prior
+    Pay May 13
+    Record April Six
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12192" NEWID="7280">
+<DATE>19-MAR-1987 13:11:09.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1797&#31;reute
+r f BC-MERIDIAN-INSURANCE-IN   03-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERIDIAN INSURANCE INITIAL OFFERING STARTS</TITLE>
+<DATELINE>    CLEVELAND, March 19 - </DATELINE><BODY>&lt;Meridian Insurance Group Inc> said
+an initil public offering of 1,500,000 shares is underway at 12
+dlrs each through underwriters led by Prescott, Ball and Turben
+Inc and Wm. Sword and Co Inc.
+    It said underwriters have been granted an option to buy up
+to 225,000 additional shares to cover overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12193" NEWID="7281">
+<DATE>19-MAR-1987 13:11:25.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1799&#31;reute
+d f BC-AMERICAN-EQUINE-&lt;WHOA   03-19 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EQUINE &lt;WHOA> FILES FOR OFFERING</TITLE>
+<DATELINE>    SOUTH NORWALK, Conn., March 19 - </DATELINE><BODY>American Equine Products
+Inc said it has signed a letter of intent for a proposed
+underwritten public offering.  It gave no details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12194" NEWID="7282">
+<DATE>19-MAR-1987 13:17:19.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1812&#31;reute
+r f BC-AMEX-TRADING-ADAMS-RU   03-19 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX TRADING ADAMS-RUSSELL ELECTRONICS &lt;AEI></TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>The American Stock Exchange said it
+has started trading the common stock of Adams-Russell
+Electronics Co Inc, which had been traded on the NASDAQ system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12195" NEWID="7283">
+<DATE>19-MAR-1987 13:22:45.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1828&#31;reute
+d f BC-WHITEHALL-&lt;WHT>-GETS   03-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITEHALL &lt;WHT> GETS NAVY CONTRACT</TITLE>
+<DATELINE>    DALLAS, March 19 - </DATELINE><BODY>Whitehall Corp said the U.S. Navy has
+exercised contract options to lease two additional Quick
+Reaction Surveillance Systems for the year ending September 30
+from Whitehall for 4,437,000 dlrs.
+    The company said the contract contains further options for
+the lease of those two systems and two others for two more
+years at abouyt 18 mln dlrs per year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12196" NEWID="7284">
+<DATE>19-MAR-1987 13:23:32.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1831&#31;reute
+w f BC-NOSTALGIA-&lt;NNET>,-ACT   03-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOSTALGIA &lt;NNET>, ACTS SATELLITE IN DEAL</TITLE>
+<DATELINE>    DALLAS, March 19 - </DATELINE><BODY>Nostalgia Network Inc said it signed an
+agreement to air two minute and five minute commercial
+announcements of its home shopping service called Collectible
+Showcase on the ACTS Satellite Network.
+    ACTS Network, with over six mln subscribers, will air the
+spots about 28 times per week for 13 weeks.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12197" NEWID="7285">
+<DATE>19-MAR-1987 13:23:51.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1832&#31;reute
+w f BC-RETAIL-CHAIN-TO-SELL   03-19 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RETAIL CHAIN TO SELL ROCKY MOUNTAIN &lt;RMED> ITEM</TITLE>
+<DATELINE>    DENVER, March 19 - </DATELINE><BODY>Rocky Mountain Medical Corp said the
+Baby News Store chain of children's stores will carry its
+tenderCare line of non-chemical disposable diapers.
+    Rocky claimed its patented dryness technology provides a
+diaper that is demonstrably drier than conventional disposable
+diapers and cloth diapers.
+    Baby News' 60 stores are located in the western U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12198" NEWID="7286">
+<DATE>19-MAR-1987 13:24:04.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1833&#31;reute
+s f BC-JOHN-WILEY-AND-SONS-I   03-19 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHN WILEY AND SONS INC &lt;WILLB> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 19 -
+    </DATELINE><BODY>Qtly div Class A 27-1/2 cts vs 27-1/2 cts
+    Qtly div Class B 24-1/2 cts vs 24-1/2 cts
+    Pay April 10
+    Record April Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12199" NEWID="7287">
+<DATE>19-MAR-1987 13:25:30.24</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1836&#31;reute
+u f BC-API-SAYS-U.S.-CRUDE-O   03-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>API SAYS U.S. CRUDE OIL OUPUT OFF FROM YEAR AGO</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>The American Petroleum Institute
+said that U.S. crude oil production in February declined 9.8
+pct from year-ago levels to about 8.3 mln barrels a day.
+    In its monthly report on U.S. oil supplies and stocks, API
+said that domestic demand for petroleum products, as measured
+by products supplied, continued to rise reaching 16.3 mln
+barrels a day in the month, up 1.5 pct from February 1986.
+    API noted the drop in crude oil output coupled with a
+drop in natural gas liquids production, which was off 11 pct
+from February 1986 levels, represented a decline in U.S.
+production of more than one mln barrels a day.
+    API said the decline in domestic production and the rise in
+demand brought petroleum imports to about six mln barrels a day
+in February, a 30.3 pct increase from last year's level.
+    So far this year, API said growth in domestic demand, which
+was up 2.9 pct from last year's year-to-date level, has slowed
+in comparison to the accelerated growth in the last half of
+1986.
+    It said crude oil production for the first two months of
+1987 was off 8.6 pct from the comparable year-ago period while
+crude imports were up 30.6 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12200" NEWID="7288">
+<DATE>19-MAR-1987 13:25:49.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1838&#31;reute
+d f BC-cdc   03-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CDC MAY SELL FALCONBRIDGE (FALCF) DEBT</TITLE>
+<DATELINE>     TORONTO, March 19 - </DATELINE><BODY>&lt;Canada Development Corp> said it is
+considering the sale of the 270.8 mln dlrs it holds of
+Falconbridge Ltd's 8.5 pct convertible debentures and of its 25
+pct holding in &lt;CDC Life Sciences Inc>.
+    It said it made the disclosure in two prospectuses filed
+today with the Ontario Securities Commission.
+    CDC said one prospectus covers a planned issue of units to
+raise up to 30 mln dlrs for subsidiary Canterra Energy Ltd's
+1987 exploration spending. A second prospectus relates to a
+planned public sale of four mln common shares which CDC sold
+privately to an unidentified investor in December.
+    CDC said the unit offering will consist of a maximum of
+18,750 units priced at 1,600 dlrs each. Each unit will comprise
+an interest in CDC Flow-Through limited partnership and common
+shares of Canterra which will be exchanged for CDC common
+shares.
+    Through a series of transactions, investors will receive
+100 common shares of CDC for each unit, representing a price of
+16 dlrs a common share. They will also get rights to income tax
+deductions equal to the price of each unit.
+    Agents for the sale are Wood Gundy Inc and Dominion
+Securities Inc.
+                        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12202" NEWID="7289">
+<DATE>19-MAR-1987 13:26:36.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1840&#31;reute
+u f BC-STET-CONFIRMS-TALKS-U   03-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STET CONFIRMS TALKS UNDER WAY WITH THOMSON</TITLE>
+<DATELINE>    ROME, March 19 - </DATELINE><BODY>Italy's state-controlled
+telecommunications company &lt;Stet - Societa Finanziaria
+Telfonica P.A.> and France's Thomson-CSF &lt;TCSF.PA> said they
+were negotiating a deal involving their respective subsidiaries
+&lt;SGS Microelettronica SpA> and &lt;Thomson Semiconducteurs>.
+    The deal in question was in the civil semiconductor sector,
+the companies said in a joint statement, but gave no details.
+    The final agreement would be submitted for approval to the
+French and Italian authorities, they added. The statement
+follows recent press speculation that the two companies were
+holding talks aimed at a long-term agreement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12203" NEWID="7290">
+<DATE>19-MAR-1987 13:27:17.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1845&#31;reute
+r f BC-EASED-RESTRICTIONS-TO   03-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASED RESTRICTIONS TO CREATE NEW PHONE SERVICES</TITLE>
+<AUTHOR>    By David Brough, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Consumers may benefit from new
+telephone services if business restrictions against the
+regional Bell companies are eased, but safeguards against rate
+hikes may be needed, congressional and industry analysts say.
+    An easing of the restrictions by the U.S. District Court
+would help bring new services to markets that the regional
+firms are currently prohibited from serving, the analysts say.
+    But consumer groups add that there is a danger the regional
+companies would raise rates to subsidize entry into new markets
+and safeguards would be needed to prevent that.
+    Brian Moir, a spokesman for the International
+Communications Association, a national group of telephone
+users, said, "If there are no safeguards, there will be higher
+rates, less competition and less consumer choice."
+    The seven regional Bell companies created from the breakup
+of American Telephone and Telegraph Co &lt;T> in 1984 have been
+prohibited by the terms of the divestiture decree from
+manufacturing equipment, offering computerized information
+services or providing long-distance service.
+    U.S. District Judge Harold Greene, who presided over the
+divestiture and continues to enforce its terms, is currently
+considering a Justice Department recommendation to eliminate
+the restrictions except on long-distance service within a Bell
+holding company's local service region.
+    In separate filings last week, the regional Bells asked
+Greene to remove restrictions, while industry and consumer
+groups including the Consumer Federation of America joined ATT
+in asking that all or most of them be retained.
+    ATT, which has about an 80 pct share in the interstate
+long-distance market, said in its filing it would not oppose
+entry by the Bell companies into computerized information
+services but was against their participation in long-distance
+services and manufacturing equipment. ATT does not offer
+computerized information services.
+    ATT has asked the Federal Communications Commission, in a
+separate proceeding, to reduce price and rate regulations that
+have dominated the long-distance business for many years.
+    Greene is expected to reach a decision on whether to ease
+restrictions this year, possibly this summer, analysts said.
+    "The restrictions prevent people who can provide services
+from providing them," said a congressional aide.
+    However, a major concern among consumer groups and
+lawmakers is that the companies may subsidize those new
+businesses from higher charges to their customers.
+    "We're talking about activities funded directly or
+indirectly off the backs of ratepayers," said Moir.
+    One congressional aide said he was not worried about
+subsidizing new businesses from profits, but he was concerned
+that the Bell companies may overcharge consumers so that they
+can invest in new services.
+    Some analysts said accounting regulations would protect
+consumers against cross-subsidization by the Bell companies.
+    "Those are types of things that really do need review," said
+Gerry Salemme, an aide with the House Telecommunications,
+Consumer Protection and Finance Subcommittee.
+    He added that the House would hold hearings later this year
+to examine the potential effects of reduced restrictions.
+    Gene Kimmelman of the Consumer Federation, which represents
+more than 200 consumer groups, said accounting regulations were
+inadequate because accountants could not separate equipment
+employed for traditional and new services.
+    "We have yet to see adequate regulatory safeguards that
+exist that prevent cross-subsidization by the Bell companies,"
+Kimmelman said. "You're either asking for great increases in
+rates or a great opportunity for cross-subsidization."
+    One congressional aide expressed concern that lifting of
+the restrictions would lead to joint ventures between U.S. and
+foreign firms in manufacturing telecommunications equipment and
+that could lead to a loss of American jobs. He suggested some
+safeguards may be needed to protect against that happening.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12204" NEWID="7291">
+<DATE>19-MAR-1987 13:27:27.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1846&#31;reute
+r f BC-TRANSAMERICAN-CHALLEN   03-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICAN CHALLENGES COASTAL &lt;CGP> STANDING</TITLE>
+<DATELINE>    HOUSTON, March 19 - </DATELINE><BODY>&lt;TransAmerican Natural Gas Corp> said
+it denies that Coastal Corp has standing to file a plan or
+reorganization for TransAmerican in U.S. Bankruptcy Court.
+    In an earlier statement, TransAmerican said, Coastal
+claimed its rights to file a reorganization planhad been
+affirmed by the court. "Coastal claims they have standing, but
+no final determinatioon has been made," TransAmerican said.
+    The company said various Coastal subsidiaries have made
+unsecured claims totaling 700,000 dlrs which are disputed by
+Transamerican.
+    The company said it has a claim against Coastal's Coastal
+States Trading Inc subsidiary for almost three mln dlrs. This
+claim resulted by a breach of contract in the trading company's
+failure to provide crude oil to the Good Hope Refinery in
+Louisiana which was operated by TransAmerican's predecessor
+company, &lt;GHR Energy Inc>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12205" NEWID="7292">
+<DATE>19-MAR-1987 13:28:34.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1854&#31;reute
+d f BC-ERICSSON-&lt;ERICY>-GETS   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERICSSON &lt;ERICY> GETS BELLSOUTH &lt;BSC> CONTRACT</TITLE>
+<DATELINE>    RICHARDSON, Texas, March 19 - </DATELINE><BODY>L.M. Ericsson Telephone Co of
+Stockholm said it has signed a contract to supply BellSouth
+Corp with two Ericsson AXE Signal Transfer Point Switches for
+use in transfering signals and data between telephone central
+offices.
+    It said the switches will be installed in early 1988. 
+Value was not disclosed.
+    Ericsson also said its E-MX3 multiplexer will be installed
+in Norlight's digital fiber optic network by June, replacing an
+earlier Ericsson multiplexer.  Value was not given. Norlight is
+owned by five midwestern electric power companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12206" NEWID="7293">
+<DATE>19-MAR-1987 13:28:56.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1857&#31;reute
+u f BC-JIFFY-LUBE-&lt;JLUB>-CAN   03-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JIFFY LUBE &lt;JLUB> CAN'T EXPLAIN STOCK ACTION</TITLE>
+<DATELINE>    BALTIMORE, March 19 - </DATELINE><BODY>Jiffy Lube International Inc said it
+can't account for the drop in its stock price.
+    The company's stock is currently trading at 29-1/2 bid,
+29-7/8 bid. Yesterday in NASDAQ trading it fell 4-1/4 to close
+at 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12207" NEWID="7294">
+<DATE>19-MAR-1987 13:29:04.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1858&#31;reute
+d f BC-CYTOGEN-&lt;CYTO>-TO-EXP   03-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYTOGEN &lt;CYTO> TO EXPAND IMAGING TESTS</TITLE>
+<DATELINE>    PRINCETON, N.J., March 19 - </DATELINE><BODY>Cytogen Corp said its will
+expand clinical trials of its cancer imaging technology. It
+said the new studies were anticipated to begin by mid year.
+    It said the first phase of human testing begain in October.
+The technology uses a monocloncal antibody tagged with a
+radioisotope to diagnose colorectal cancer and several
+other cancer types. It said preliminary studies revealed the
+antibody combination was well tolerated in the patients
+studied.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12208" NEWID="7295">
+<DATE>19-MAR-1987 13:30:30.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1861&#31;reute
+d f BC-LANSON-NAMES-WHITBREA   03-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANSON NAMES WHITBREAD PLC UNIT AS IMPORTER</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Lanson Champagne of France said it
+named Whitbread PLC's Regal Brands Inc unit as its exclusive
+U.S. importer, effective April one.
+    Regal Brands is also the sole U.S. importer for Benedictine
+S.A.'s liqueurs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12209" NEWID="7296">
+<DATE>19-MAR-1987 13:32:35.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1873&#31;reute
+u f BC-PRIME-MEDICAL-&lt;PMSI>   03-19 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIME MEDICAL &lt;PMSI> SAYS MERGER TALKS END</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Prime Medical Services Inc said merger
+talks with National HMO Corp &lt;NHMO> have been terminated.
+    Prime gave no reason for the termination of the talks with
+National HMO.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12210" NEWID="7297">
+<DATE>19-MAR-1987 13:37:53.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1897&#31;reute
+s f BC-FIRST-FEDERAL-SAVINGS   03-19 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL SAVINGS BANK OF MONTANA &lt;FFSM> DIV</TITLE>
+<DATELINE>    KALISPELL, Mont., March 19 -
+    </DATELINE><BODY>Qtly div seven cts vs seven cts prior
+    Payable April 28
+    Record April three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12211" NEWID="7298">
+<DATE>19-MAR-1987 13:38:06.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1898&#31;reute
+b f BC-CORRECTION---PARIS---   03-19 0055</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - PARIS  - FRENCH MINISTER RENEWS
+    Please read at end of first para of item
+ "FRENCH MINISTER RENEWS ECONOMIC CONTROVERSY" "....An economic
+U-turn, saying it was possible to obtain  the results of a
+reflation without its negative effects." this makes it clear the
+minister did not use the phrase "boost domestic demand."
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12212" NEWID="7299">
+<DATE>19-MAR-1987 13:39:13.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1901&#31;reute
+f f BC-******FED'S-JOHNSON-S   03-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS THERE IS ROOM FOR STRONGER DOMESTIC GROWTH IN LARGE SURPLUS STATES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12213" NEWID="7300">
+<DATE>19-MAR-1987 13:39:31.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1902&#31;reute
+f f BC-******FED'S-JOHNSON-S   03-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS INFLATIONARY PRESSURES ARE UNDER CONTROL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12214" NEWID="7301">
+<DATE>19-MAR-1987 13:39:55.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1904&#31;reute
+f f BC-******FED'S-JOHNSON-S   03-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS FED SUPPORTS G-6 PARIS CURRENCY ACCORD
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12215" NEWID="7302">
+<DATE>19-MAR-1987 13:40:15.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1905&#31;reute
+d f BC-&lt;CCR-VIDEO-CORP>-1ST   03-19 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CCR VIDEO CORP> 1ST HALF FEB 28 NET</TITLE>
+<DATELINE>    LOS ANGELES, March 19 -
+    </DATELINE><BODY>Shr profit 10 cts vs loss one ct
+    Net profit 647,390 vs loss 75,967
+    Sales 2,120,027 vs 1,666,908
+    NOTE: Current year net includes 456,004 dlr gain from debt
+extinguishment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12216" NEWID="7303">
+<DATE>19-MAR-1987 13:41:16.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1906&#31;reute
+f f BC-******FED'S-JOHNSON-S   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS BUDGET DEFICIT CUT ESSENTIAL TO INT'L ECONOMIC COOPERATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12217" NEWID="7304">
+<DATE>19-MAR-1987 13:41:44.82</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>unctad</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1910&#31;reute
+u f BC-NEW-RUBBER-PACT-TO-BE   03-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW RUBBER PACT TO BE FORMALLY ADOPTED TOMORROW</TITLE>
+<DATELINE>    GENEVA, March 19 - </DATELINE><BODY>A new International Natural Rubber
+Agreement (INRA) will be formally adopted tomorrow, chairman of
+the negotiating conference Manaspas Xuto of Thailand said.
+    "The successful negotiation of the new agreement represents
+a significant step forward in international economic
+cooperation," he told a news conference. The new INRA is to
+replace the current one which expires in October.
+    Delegates at the renegotiation conference, held under the
+auspices of the U.N. Conference on Trade and Development
+(UNCTAD), reached agreement over the central elements of a new
+accord last weekend.
+    Xuto said the new INRA retains the reference price -- of
+201.66 Malaysian/Singapore cents per kilo -- and indicative
+prices set in the present pact.
+    Price levels will continue to be expressed in the joint
+Malaysian/Singapore currency, he added.
+    The new agreement also maintains the basic structure of
+price ranges -- the "may sell" and "may buy" points at plus and
+minus 15 pct of the reference price, as well as the "must sell"
+and "must buy" zones at plus and minus 20 pct of it.
+    Xuto said the new pact maintains the same objectives that
+were set in the present accord. "The most important of these are
+to stabilise prices and to achieve a balanced growth between
+demand and supply," he said. The buffer stock remains the sole
+instrument of market intervention for price stabilisation and
+its maximum capacity is unchanged at 550,000 tonnes, Xuto
+added.
+    At this month's session, which was the fourth attempt in
+two years to negotiate a new INRA, the main issue to be
+resolved concerned the mechanism for adjusting the reference
+price.
+    It was agreed to conduct reviews of the reference price
+every 15 months -- instead of the current 18-month intervals.
+    The extent of the adjustment was also modified.
+    Under the present agreement if the daily market indicator
+price has been above the upper intervention ("may sell") price
+(currently 231 Malaysian/Singapore cents) or below the lower
+intervention price ("may buy") price (171 cents at present) for
+six months, the reference price is then revised by five pct or
+whatever amount the International Natural Rubber Council
+decides.
+    Under the new pact, the adjustment under these
+circumstances will be five pct unless the Council decides on a
+higher adjustment.
+    Similarly, when buffer stock purchases or sales amount to
+300,000 tonnes, there would be an automatic adjustment of three
+pct under the new accord unless the Council decides on a higher
+percentage.
+    Throughout the talks, which began on March 9, producers had
+strongly opposed a consumer proposal to lower the reference
+price and the "lower indicative price" (or floor price) of 150
+cents in the present pact if the buffer stock, currently
+360,000 tonnes, reached 450,000 tonnes.
+    The proposal, initiated by the U.S., was withdrawn last
+Friday, setting the stage for compromise at the weekend.
+    Since then negotiators have worked on the finer details of
+the new pact.
+    On the question of conditions for entry into force of the
+new INRA, Xuto said it was tentatively agreed that governments
+accounting for 75 pct of world exports and 75 pct of world
+imports approved or ratified the new agreement before it became
+operational.
+    The present agreement had a figure of 80 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12218" NEWID="7305">
+<DATE>19-MAR-1987 13:42:46.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1914&#31;reute
+r f BC-MOORE-HANDLEY   03-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT GROUP HAS MOORE-HANDLEY &lt;MHCO> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>A group of New York investment
+companies told the Securities and Exchange Commission they have
+acquired 173,000 shares of Moore-Handley Inc, or 6.9 pct of the
+total outstanding common stock.
+    The firms, Robert H. Barker and Co, J.M.R. Barker
+Foundation, Quaker Hill Associates L.P., Upland Associates L.P.
+and James M. Barker Trust, said they bought the stock for two
+mln dlrs soley for investment purposes.
+    But the group said it might buy more Moore-Handley shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12219" NEWID="7306">
+<DATE>19-MAR-1987 13:43:05.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1915&#31;reute
+w f BC-VENTRA-MANAGEMENT-IN   03-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENTRA MANAGEMENT IN EQUIPMENT LEASE AGREEEMENT</TITLE>
+<DATELINE>    HIALEAH, Fla, March 19 - </DATELINE><BODY>Ventra Management Inc said it
+received a 10.8 mln dlr equipment lease with Georgetown Medical
+Clinic of San Clemente, Calif.
+    The lease was funded by by Ventra's leasing subsidary,
+Joint Venture Leasing, in a venture agreement with Phillips
+Equipment Co West, a unit of Telefunken AG of West Germany.
+    Ventra said the lease will yield over its five year term a
+net profit of over one mln dlrs for Joint Venture Leasing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12220" NEWID="7307">
+<DATE>19-MAR-1987 13:43:49.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1917&#31;reute
+r f BC-PANHANDLE-&lt;PEL>-LINES   03-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANHANDLE &lt;PEL> LINES EXTEND TRANSPORT SERVICE</TITLE>
+<DATELINE>    HOUSTON, March 19 - </DATELINE><BODY>Panhanele Eastern Corp said its two
+interstate pipeline subsidiaries will extend the availability
+of self-implementing transportation service beyond the
+scheduled May one termination of the program set by federal
+regulators.
+    The company explained that Panhandle Eastern Pipe Line Co
+and Trunkline Gas Co are engaged in renegotiating their basic
+utility service agreements to provide both traditional tariff
+sales and transportation service. Because this process requires
+considerable time, the continuity of transport service is being
+preserved, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12221" NEWID="7308">
+<DATE>19-MAR-1987 13:47:46.39</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1926&#31;reute
+b f BC-EC-MAY-OFFER-INTERVEN   03-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MAY OFFER INTERVENTION SUGAR TO LOCAL MARKET</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Sugar which EC producers plan to sell
+into intervention may be offered by the European Commission for
+sale within the Community, broker C. Czarnikow says in its
+latest sugar review.
+    The Commission will propose to offer the sugar at a very
+nominal premium of 0.01 European Currency Unit (Ecu) to the
+intervention price, with detrimental consequences for
+producers' returns, Czarnikow says. The move is seen as an
+attempt to persuade the producers to take back the surrendered
+sugar.
+    The Commission may also take other steps to dissuade
+producers from their chosen course, such as removing the time
+limit on storage contracts, which presently means that
+intervention stocks have to be removed by the end of September,
+Czarnikow says. There is also the possibility of production
+quotas being reduced.
+    If the Commission decided to offer the sugar to traders for
+export, the restitutions would have to be higher than those at
+recent export tenders, Czarnikow notes. To match the difference
+between the EC price and the world market price, the extra
+costs might be as much as 20 Ecus per tonne, it says.
+    The producers might have to repay these costs through
+production levies and the proposed special elimination levy,
+Czarnikow says, but it would be several months before any costs
+could be recovered under EC rules.
+    The primary cause of the plan to sell 775,000 tonnes of
+sugar into intervention in France is dissatisfaction with the
+EC export program as the restitution has increasingly failed to
+bridge the gap between the EC price and the world market price,
+Czarnikow notes. The French move is thus seen as a form of
+protest designed to force the Commission's hand.
+    In West Germany, 79,250 tonnes have been tendered for
+intervention, but Czarnikow says the motive here is to ensure
+that the 1986/87 price is paid for sugar that was produced in
+1986. In addition to a two pct cut in the intervention price,
+West German producers face a further price reduction in July
+with a probable revaluation of the "green" mark.
+    Even if the immediate crisis is resolved, the problem is
+not expected to disappear permanently. It has appeared to
+traders for some years that the EC's export policy is
+insufficiently responsive to changing patterns of demand, it
+says.
+    The weekly tenders should respond to fluctuating demand by
+increasing or reducing the tonnage awarded, Czarnikow says,
+suggesting that the Commission might also take steps to cut
+down the amount of "unnecessary bureaucracy" surrounding the
+export tender system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12222" NEWID="7309">
+<DATE>19-MAR-1987 13:47:55.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f1927&#31;reute
+r f BC-HOUSEHOLD-FINANCE-SET   03-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSEHOLD FINANCE SETS 75 MLN CANADIAN DLR NOTE</TITLE>
+<DATELINE>    London, March 19 - </DATELINE><BODY>Household Financial Corp Ltd is issuing
+a 75 mln Canadian dlr bond due April 23, 1994, carrying a
+coupon of nine pct and priced at 101-3/4, said Orion Royal Bank
+as lead manager.
+    The securities are guaranteed by the parent company,
+Household Finance Corp and are available in denominations of
+1,000 and 10,000 dlrs each.
+    There is a 1-1/4 pct selling concession and a 5/8 pct
+combined management and underwriting fee. The company's
+outstanding securities are rated AA-minus by Standard and
+Poor's corp.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12223" NEWID="7310">
+<DATE>19-MAR-1987 13:49:23.23</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1933&#31;reute
+u f BC-GERMAN-BANKS-SEE-LOW   03-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKS SEE LOW INTEREST RATES CONTINUING</TITLE>
+<DATELINE>    BONN, March 19 - </DATELINE><BODY>The Association of German Cooperative
+Banks said in a financial survey that domestic interest rates
+would continue to remain low for the time being.
+    It said the Bundesbank could hold them down despite strong
+foreign influence and it saw no interest-straining factors in
+the economy that could affect the long-term capital market.
+    The inflation rate of one pct also gave no occasion for
+higher nominal interest rates. But a probable rise in inflation
+late this year could give very slight grounds for a rise in
+nominal rates at year's end and next year, it said.
+    The association said generally low interest rates,
+prospects of lower taxes, a stable dollar rate and expected
+strong domestic demand led it to believe that the investment
+climate would remain friendly and the economy would continue
+its slow but very sure growth.
+    The Bundesbank had managed successfully to keep interest
+rates down on the short-term money market although its policies
+had exerted little effect on the long-term capital market,
+which was so important for investment financing and thus for
+the course of the economy, it said.
+    In view of the limits to the possibilities monetary policy
+had in influencing the longer-term capital market, the
+association saw little sense in wanting to boost the economy
+through a short-term and expansionist monetary policy.
+    On the other hand it also saw no reason for sticking
+dogmatically to the money supply target for the whole of 1987.
+    The association said time would show to what extent
+speculative foreign money and short-term invested domestic
+money would distort money supply developments. The Bundesbank
+could hold down money market rates with the highly effective
+instrument of sale and repurchase transactions, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12224" NEWID="7311">
+<DATE>19-MAR-1987 13:50:02.80</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1937&#31;reute
+b f BC-ICCO-TO-EXAMINE-BUFFE   03-19 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICCO TO EXAMINE BUFFER STOCK DETAILS TOMORROW</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The International Cocoa Council, ICCO,
+adjourned for the day after a detailed proposal on buffer stock
+rules was distributed and executive committee officials were
+elected, delegates said.
+    Producers, EC consumers and all consumers are scheduled to
+hold separate meetings tomorrow to review the proposal, written
+by ICCO executive director Kobena Erbynn, they said.
+    The buffer stock working group is to meet again on rules
+Monday morning, and the full council is to reconvene Tuesday,
+delegates said.
+    Heinz Hofer of Switzerland was elected executive committee
+chairman and Mette Mogstad of Norway vice chairman, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12225" NEWID="7312">
+<DATE>19-MAR-1987 13:51:00.88</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1940&#31;reute
+b f BC-/FED'S-JOHNSON-URGES   03-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S JOHNSON URGES STRONGER ALLIED GROWTH</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Federal Reserve Board Vice Chairman
+Manuel Johnson said that the U.S.'s main industrial partners
+should expand their domestic growth.
+    In a speech to a women's group here, Johnson said, "There is
+room for stronger domestic growth in those countries ... strong
+enough to absorb growth in U.S. export markets."
+    Johnson also said there was a better alignment of exchange
+rates now and the Paris agreement to stabilize currencies has
+brought western nations a long way towards establishing that
+goal.
+    Johnson said, "The Fed supports this pattern of exchange
+rates ... and we'll see if it leads to a convergence in trade.
+Quite possibly it can be achieved."
+    Johnson said the Paris agreement achieved a better
+alignment of exchange rates in exchange for stimulus by the
+major surplus countries.
+    He said this was "a major improvement and a step in the
+right direction" and added U.S. allies look very strongly to a
+U.S. budget deficit cut. "There will always be a potential risk
+of breakdown in international cooperation" without a budget
+deficit cut.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12226" NEWID="7313">
+<DATE>19-MAR-1987 13:53:35.83</DATE>
+<TOPICS><D>money-supply</D><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1950&#31;reute
+u f BC-U.K.-MONEY-DATA-MAY-E   03-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY DATA MAY EASE RATE CUT, ANALYSTS SAY</TITLE>
+<AUTHOR>    By Geert Linnebank, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Slower than expected growth in Britain's
+narrow M0 money supply measure in February will help spur a
+further cut in U.K. Interest rates if a surge in sterling's
+value requires such a move, economic analysts said.
+    M0, the only targeted money supply measure left after
+Chancellor of the Exchequer Nigel Lawson scrapped the official
+target for the broad sterling M3 measure in his 1987 budget
+speech on Tuesday, fell an adjusted 3/4 to one pct in February.
+    On an annual basis, this put M0 growth at four to 4-1/2
+pct, in the middle of the 1987 target of two to six pct.
+    "The M0 data are much better than we expected," said Robert
+Thomas, economist at Greenwell Montagu Securities.
+    He and other analysts said while the better than expected
+M0 figures alone would not be sufficient to trigger a new
+interest rate cut, they removed an obstacle to such a move.
+    Thomas noted the rise in M0 had been kept in check despite
+buoyant retail sales in February, advancing an adjusted 2.2 pct
+after a fall of the same size in January.
+    Analysts said the M0 measure, reflecting variations in
+consumer demand rather than real inflation prospects, was not
+an adequate indicator to determine interest rates.
+    "The authorities still seem to want to pretend that M0 is
+important ... In practice, it is likely to be the exchange rate
+and the election which call the tune," Lloyds Merchant bank
+chief economist Roger Bootle wrote in a budget comment.
+    Richard Jeffrey, economist at stockbrokers Hoare Govett,
+said in a comment: "It is unlikely that (Lawson) will respond to
+signals from M0 alone ... Reinforcement from exchange rate
+trends is necessary before action is taken."
+    "With the Chancellor making clear that policy manoeuvres are
+made in response to signals from this narrow money variable,
+the City has been forced to take it seriously," he added.
+    Noting this point, Thomas said market fears at the end of
+last year of an M0 overshoot had now disappeared.
+    This removed a potential obstacle to a further cut in U.K.
+Base lending rates if foreign demand for sterling pushed up the
+pound above unofficial targets, analysts said.
+    Such targets are believed to have been secretly agreed
+between finance ministers of the Group of Five and Canada at
+their Paris meeting last month, they added.
+  U.K. Base rates have been cut twice by half a point since the
+Paris agreement, once on March 11, and again yesterday when
+foreign demand for sterling surged in reaction to a sharp cut
+in 1987 government borrowing targets contained in the budget.
+    They stand at 10 pct now, and foreign exchange dealers and
+analysts expect them to shed another half-point in the coming
+week.
+    Analysts shrugged off as largely irrelevant a higher than
+expected increase in February sterling M3, which pushed the
+annual growth rate to almost 19 pct, well above the previous
+target of 11 to 15 pct.
+    Thomas said the February figures seemed to indicate the
+improvement in sterling M3 growth witnessed over the past few
+months had been reversed, but firm conclusions could only be
+drawn after revised data are released on March 31.
+    Some analysts said foreign investors had long ceased to
+watch the sterling M3 target, and Lawson's move to scrap it
+altogether earlier this week removed whatever was left of its
+credibility as a key factor in monetary policy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12227" NEWID="7314">
+<DATE>19-MAR-1987 13:53:52.47</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1951&#31;reute
+u f BC-/FED'S-JOHNSON-SEES-I   03-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S JOHNSON SEES INFLATION CONTROLLED</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Federal Reserve Board Vice Chairman
+Manuel Johnson said inflationary pressures are under control
+and noted "wage and price pressures are very moderate."
+    Johnson told a women's group that the U.S. was not seeing
+the kind of cost pressures of the past.
+    He said the trade imbalance was a serious trouble spot and
+strong protectionist pressures, if translated into policies,
+could ultimately lead to higher inflation and a high interest
+rate policy by the Fed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12228" NEWID="7315">
+<DATE>19-MAR-1987 13:56:03.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1962&#31;reute
+u f BC-GREYHOUND-&lt;G>-BUYS-GE   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREYHOUND &lt;G> BUYS GENERAL MOTORS &lt;GM> BUS UNIT</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 19 - </DATELINE><BODY>Greyhound Corp said it has
+signed a definitive agreement to buy General Motors Corp's U.S.
+Transit Bus and Parts business for an undisclosed sum.
+    The agreement, tentatively set in January, includes
+production tooling, design and equipment for urban transit
+buses, inventories and trademark identification.
+    The agreement also incudes the right to buy GM's Canadian
+Transit Bus and Parts business, contingent on a satisfactory
+labor agreement.
+    Greyhound said it will relocate the production facilities,
+currently in Pontiac, Michigan, to an undetermined location.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12229" NEWID="7316">
+<DATE>19-MAR-1987 13:56:48.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f1965&#31;reute
+r f BC-MERRILL-LYNCH-&lt;MER>-D   03-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH &lt;MER> DISPUTES MOODY'S DOWNGRADE</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Merrill Lynch and Co said it feels the
+cut in its credit rating by Moody's Investors Service is not
+justified in view of the company's improvement in profitability
+and increase in equity capital in 1986.
+    Moody's earlier today downgraded six billion dlrs of
+Merrill debt, citing lagging profitability relative to other
+brokerage firms and increased competition.
+    Merrill said it was disappointed by Moody's conclusion. It
+noted that earnings more than doubled in 1986 to 454 mln dlrs.
+Equity capital rose 23 pct to 2.9 billion dlrs and return on
+average equity rose to 17.5 pct from 10.2 pct in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12230" NEWID="7317">
+<DATE>19-MAR-1987 13:56:58.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1966&#31;reute
+r f BC-EXCEL-BANCORP-&lt;XCEL>   03-19 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXCEL BANCORP &lt;XCEL> SETS INITIAL DIVIDEND</TITLE>
+<DATELINE>    QUINCY, Mass., March 19 - </DATELINE><BODY>Excel Bancorp Inc said its board
+declared an initial dividend of 10 cts per share, payable April
+20 to holders of record on April Six.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12231" NEWID="7318">
+<DATE>19-MAR-1987 13:58:28.84</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1968&#31;reute
+r f BC-champion-&lt;cha>-to-exp   03-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAMPION &lt;CHA> TO EXPAND ALBERTA MILL</TITLE>
+<DATELINE>    Toronto, March 19 - </DATELINE><BODY>Champion International Corp, based in
+Stamford, Conn., said it will expand its mill in Hinton,
+Alberta, at a cost of about 285 mln Canadian dlrs.
+    The expansion will double the facility's pulping operation
+to 424,000 short tons per year. The mill produces softwood
+kraft pulp which is sold to other Champion facilities and on
+the open market.
+    Champion said it estimates the project will be completed by
+the end of 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12232" NEWID="7319">
+<DATE>19-MAR-1987 14:00:40.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1970&#31;reute
+u f BC-BAIRD   03-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARK IV SAYS IT DOES NOT PLAN BAIRD &lt;BATM> BUY</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Mark IV Industries Inc &lt;IV>, which
+has said it is mulling a bid to seek control of Baird Corp,
+said it has no present plans to acquire more than 25 pct of the
+company's total outstanding common stock.
+    In a filing with the Securities and Exchange Commission,
+Mark IV said its top officials told Baird executives at a March
+17 meeting that while Mark IV may buy more Baird common stock,
+it presently intends to hold it to the 25 pct limit.
+    Mark IV, which first disclosed its stake and interest in
+Baird on March 10, has reported it holds 391,800 Baird common
+shares, or 17.6 pct of the total outstanding.
+    Mark IV said it also agreed at the meeting that if it
+decides to seek control of Baird, it would be through a
+negotiated merger or business combination or through a tender
+offer in which Baird would have at least 24 hours notice.
+    Baird, in turn, agreed not to take any defensive measures
+without giving Mark IV at least 24 hours notice, it said.
+    Baird also confirmed that a takeover defense plan it
+already has which is triggered by the accumulation of more than
+25 pct of its stock, would not be triggered by a tender offer,
+Mark IV said. Both parties also agreed to adjourn pending
+litigation they have against one another, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12233" NEWID="7320">
+<DATE>19-MAR-1987 14:00:50.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1971&#31;reute
+s f BC-HARRIS-TEETER-PROPERT   03-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARRIS-TEETER PROPERTIES INC &lt;HTP> SETS PAYOUT</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 19 -
+    </DATELINE><BODY>Qtly div 24 cts vs 24 cts prior
+    Pay May Eight
+    Record April 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12234" NEWID="7321">
+<DATE>19-MAR-1987 14:01:54.66</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f1976&#31;reute
+f f BC-embargoed-for-1400-es   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA 91-DAY T-BILLS AVERAGE 6.89 PCT, MAKING BANK RATE 7.14 PCT               
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12235" NEWID="7322">
+<DATE>19-MAR-1987 14:02:25.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1978&#31;reute
+r f BC-DRESSER-INDUSTRIES-&lt;D   03-19 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRESSER INDUSTRIES &lt;DI> SEES RETURN TO PROFIT</TITLE>
+<DATELINE>    DALLAS, March 19 - </DATELINE><BODY>Dresser Industries Inc said it expects
+the joint ventures it has entered into and a gradual
+improvement in the energy market to allow it to regain
+profitability before the end of the current year.
+    Dresser earned 9,600,000 dlrs for the year ended October 31
+-- after a 95.0 mln dlr gain from a change in accounting and
+pension plan curtailment and a 25.3 mln dlr writedown of
+oilfield assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12236" NEWID="7323">
+<DATE>19-MAR-1987 14:04:14.70</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1991&#31;reute
+r f BC-EC-MINISTERS-ANNOUNCE   03-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS ANNOUNCE PLAN FOR STEEL CLOSURES</TITLE>
+<DATELINE>    BRUSSELS, March 19 - </DATELINE><BODY>European Community (EC) industry
+ministers agreed on a plan for voluntary steel plant closures,
+drawn up by industry lobby group Eurofer, and calculated to
+lead to the loss of about 22,000 jobs.
+    The ministers resolved that the proposed closures, which
+should bring production capacity more in line with weak demand,
+"remain considerably below the surplus in capacity."
+    They asked the EC Executive Commission to consult with
+Eurofer, major steel companies and with governments, to
+pinpoint scope for further capacity reductions beyond the
+annual 15.26 mln tonnes identified by Eurofer.
+    The Commission will draw up a new system  of steel
+production quotas to protect vulnerable EC firms from the full
+rigors of open competition.
+    Commission sources said any new system would cover only
+heavy products representing about 45 pct of the market, instead
+of 65 pct under the present system.
+    Ministers hope to approve a closure program when they meet
+again in Brussels on June 1, the sources said.
+    Industry Commissioner Karl-Heinz Narjes told ministers
+capacity was 30 mln tonnes in excess of requirements and that
+this excess ought to be eliminated by the end of 1990.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12237" NEWID="7324">
+<DATE>19-MAR-1987 14:06:47.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1997&#31;reute
+f f BC-******FED'S-JOHNSON-S   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS DEBT CRISIS SOLUTION DEPENDS ON INDUSTRIAL COUNTRY GROWTH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12238" NEWID="7325">
+<DATE>19-MAR-1987 14:08:06.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2001&#31;reute
+b f BC-******JOHNSON-SAYS-FE   03-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JOHNSON SAYS FED SUPPORTS ADDING SECURITIES POWERS TO BANKING LEGISLATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12239" NEWID="7326">
+<DATE>19-MAR-1987 14:13:47.02</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2020&#31;reute
+b f BC-/U.S.-GRAIN-TRADE-CAL   03-19 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GRAIN TRADE CALLS SHULTZ REMARK SIGNIFICANT</TITLE>
+<AUTHOR>    by Maggie McNeil, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>A statement yesterday by Secretary
+of State George Shultz after he met with wheat growers that
+U.S. agricultural products must be competitively priced was
+significant in that he recognized the importance of the Soviet
+market and the need for U.S. prices to be at world market
+levels, U.S. grain trade industry officials said.
+    They said that Shultz's comments, while not explicitly
+endorsing subsidized wheat sales to the USSR, were noteworthy
+because they were not negative towards such action.
+    In response to a query on what the State Department's
+position is on selling subsidized wheat to Moscow, Shultz told
+the leaders of the National Association of Wheat Growers that
+prices must be competitive if the U.S. is going to trade.
+    The Soviet Union, the world's largest grain importer, has
+bought no U.S. wheat for more than a year, complaining the
+price was far above world market levels. A U.S. offer last fall
+to sell the Soviets lower-priced wheat through the export
+enhancement program, EEP, was also rebuffed due to the price.
+    Shultz was said to be adamantly against the U.S. wheat
+offer last year and has been reported to be one of the major
+obstacles in making another subsidy overture to the Soviet
+Union, grain industry sources said.
+    Intense speculation the U.S. might make a fresh EEP wheat
+offer to the Soviets has boosted grain prices significantly in
+recent trading sessions. Kansas City hard wheat futures rose
+another 2-1/4 cents by midday at 2.88-1/4 dlrs per bushel,
+while CBT March wheat was up 1-1/2 cents at 2.92-1/2 dlrs.
+    "I'm not sure this is an about-face, but it's clearly a
+recognition that unless we're competitive, we won't sell to the
+Soviet Union," said a lobbyst for a major commodity group.
+    "We have to be competitive. It's ridiculous to say that
+somebody is going to buy your product if they can get the same
+thing at a lower price somewhere else," Shultz told the farm
+leaders. "That is our approach in negotiations with the
+Soviets," he said.
+    If those comments do signal that the State Department is no
+longer opposed to the U.S. selling wheat to the USSR under EEP,
+it certainly improves the chances for an EEP wheat offer to
+Moscow, an industry lobbyst said.
+    National Wheat Grower's officials were taking a cautious
+attitude towards the secretary's comments.
+    "His comments were not discouraging, but they didn't in our
+judgment promise any immediate action on EEP," an official with
+the wheat group said.
+    The Wheat Growers official noted, however, that "there is
+significance in that fact that we haven't seen any significant
+negative commentary on the idea of EEP wheat to the Soviets."
+    In a meeting with exporters this week, Secretary of
+Agriculture Richard Lyng refused to comment on their request
+that the administration offer subsidized wheat to Moscow, the
+officials said.
+    An aide to USDA undersecretary Daniel Amstutz, who is
+reported to be strongly opposed to EEP wheat to the Soviets,
+said that the Shultz comments "are consistent with what he
+(Shultz) has taught for years as an economist," but said they
+don't necessarily relate to the Soviet Union.
+    Amstutz could not be reached for comment, and an aide to
+Lyng said Lyng would not comment on Shultz's statements.
+    But trade sources were hopeful that the Shultz comments may
+indicate some movement towards EEP wheat to Moscow.
+    "If he didn't say no, then there's a chance. This is
+potentially a positive development," a commodity source said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12240" NEWID="7327">
+<DATE>19-MAR-1987 14:15:19.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2027&#31;reute
+b f BC-JOHNSON-SAYS-GROWTH-W   03-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSON SAYS GROWTH WILL DIFFUSE DEBT CRISIS</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Federal Reserve Board Vice Chairman
+Manuel Johnson said a resolution of the debt crisis depends on
+growth in the industrialized world.
+    "We can work our way through as long as we have growth in
+industrialized countries to allow indebted countries to get out
+of their problems," Johnson told the Women in Housing and
+Finance.
+    Johnson also underscored the need to continue enforcing
+loan conditionality and repeated his opposition to debt relief.
+He rejected a "quick fix solution" adding, "There are no free
+lunches."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12241" NEWID="7328">
+<DATE>19-MAR-1987 14:17:11.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2032&#31;reute
+u f BC-JOHNSON-URGES-SECURIT   03-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSON URGES SECURITIES POWERS FOR BANKS</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Federal Reserve Board Vice Chairman
+Manuel Johnson said the Federal Reserve favored adding
+securities powers to banking legislation.
+    "We support any willingness to add those powers to the
+legislation," Johnson told the Women in Housing and Finance.
+    "We would prefer to see those powers in the legislation."
+    He was referring to a banking bill introduced by Sen
+William Proxmire (D-Wisc) which would impose a moratorium on
+extending new securities powers to banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12242" NEWID="7329">
+<DATE>19-MAR-1987 14:27:37.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2046&#31;reute
+f f BC-******NYNEX-INCREASES   03-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYNEX INCREASES QTRLY DIV TO 95 CTS FROM 87 CTS end of body
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12243" NEWID="7330">
+<DATE>19-MAR-1987 14:28:03.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2048&#31;reute
+r f BC-BURNUP-AND-SIMS-INC-&lt;   03-19 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURNUP AND SIMS INC &lt;BSIM> 3RD QTR JAN 31 NET</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., March 19 -
+    </DATELINE><BODY>Shr profit five cts vs loss 40 cts
+    Net profit 669,000 vs loss 4,256,000
+    Revs 46.1 mln vs 43.8 mln
+    Avg shrs 13.9 mln vs 10.5 mln
+    Nine mths
+    Shr profit 42 cts vs loss 23 cts
+    Net profit 5,529,000 vs loss 2,219,000
+    Revs 152.2 mln vs 139.6 mln
+    Avg shrs 13.3 mln vs 9,489,000
+    NOTE: Current year net both periods includes 1,800,000 dlr
+gain from sale of property.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12244" NEWID="7331">
+<DATE>19-MAR-1987 14:29:32.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2049&#31;reute
+r f BC-AARON-BROTHERS-ART-MA   03-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AARON BROTHERS ART MARTS INC &lt;AARN> 4TH QTR NET</TITLE>
+<DATELINE>    CITY OF COMMERCE, Calif., March 19 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr 48 cts vs 38 cts
+    Net 1,171,000 vs 794,000
+    Revs 15.6 mln vs 14.0 mln
+    Year
+    Shr 85 cts vs eight cts
+    Net 1,831,000 vs 266,000
+    Revs 50.4 mln vs 46.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12245" NEWID="7332">
+<DATE>19-MAR-1987 14:30:24.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2050&#31;reute
+r f BC-QUAKER-STATE-&lt;KSF>-AR   03-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUAKER STATE &lt;KSF> ARRANGES 100 MLN DLR CREDIT</TITLE>
+<DATELINE>    OIL CITY, Pa, March 19 - </DATELINE><BODY>Quaker State Oil Refining Corp
+said it signed a 100 mln dlr revolving credit and term loan
+agreement with a group of six banks, for which Mellon Bank N.A.
+is agent.
+    The four-year arrangement has an additional four-year term
+loan amortization agreement, Quaker said.
+    Quaker said the credit line will be used to finance
+expansion plans. Quaker's total capital spending program for
+1987 is expected to exceed 125 mln dlrs, it said. In 1986, the
+company's capital spending totaled 71.0 mln dlrs.
+    Quaker also said costs of new store openings and new
+product introductions will depress earnings in the first half.
+For the first half of 1986, Quaker reported net income of 26.0
+mln dlrs on sales of 473.5 mln dlrs.
+    In the first two months, Quaker opened about 25 new stores.
+It said it expects to add 150 Minit-Lube fast lubrication
+service centers in 1987 at a cost of 75 mln dlrs.
+    The company said it is optimistic it will recover in the
+second half and report higher earnings for full year fiscal
+1987. The company reported net income of 50.3 mln dlrs on sales
+of 899.1 mln dlrs for 1986.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12246" NEWID="7333">
+<DATE>19-MAR-1987 14:34:39.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2070&#31;reute
+r f BC-MARKITSTAR-&lt;MARK>-FIL   03-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARKITSTAR &lt;MARK> FILES TO OFFER SHARES</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>MarkitStar Inc said it has filed for
+an offering of 1,700,000 common shares through underwriters led
+by Woolcott and Co Inc.
+    The company said it will sell 1,500,000 shares and
+shareholders the rest.  Company proceeds will be used for the
+development and expansion of marketing and sales operations and
+facilities, for research and for working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12247" NEWID="7334">
+<DATE>19-MAR-1987 14:35:01.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2072&#31;reute
+r f BC-LOMAS-MORTGAGE-&lt;LMC>   03-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOMAS MORTGAGE &lt;LMC> FILES TO OFFER SHARES</TITLE>
+<DATELINE>    DALLAS, March 19 - </DATELINE><BODY>Lomas Mortgage Corp said it has filed
+for an offering of four mln common shares through underwriters
+led by Merrill Lynch and Co Inc &lt;MER>.
+    The company said it has granted underwriters an option to
+buy up to another 600,000 shares to cover overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12248" NEWID="7335">
+<DATE>19-MAR-1987 14:36:52.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2074&#31;reute
+r f BC-STRONG-POINT-INC-HAS   03-19 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRONG POINT INC HAS IMMUNE SYSTEM FORMULA</TITLE>
+<DATELINE>    IRVINE, Calif., March 19 - </DATELINE><BODY>&lt;Strong Point Inc> said its
+Pharmaceutical Technologies Inc unit has developed a formula
+for stimulating immune system function and reparing immune
+system damage, thereby protecting vulnerable body structures
+against Acquired Immune Deficiency Syndrome (AIDS).
+    The company said while the product, called IMMUNOL-IM, is
+not a cure, treatment or prevention, it repairs, rebuilds and
+stimulates the immune system, enabling the body to protect
+itself and repair damage.
+    Strong Point said it plans to begin studies in Europe
+within 45 days and to make IMMUNOL-IM available in the U.S. as
+soon as possible, pending appropriate government clearances.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12249" NEWID="7336">
+<DATE>19-MAR-1987 14:37:05.85</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>belgium</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2075&#31;reute
+u f BC-EC-COMMISSION-ABOLISH   03-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC TO ABOLISH TAX ON SPANISH MAIZE EXPORTS</TITLE>
+<DATELINE>    BRUSSELS, March 19 - </DATELINE><BODY>The European Community Commission has
+decided to abolish a special tax of eight Ecus per tonne
+imposed on exports of Spanish maize, Commission sources said.
+    They said the tax, which applies to Spanish sales to EC and
+non-EC countries alike, would no longer be required on exports
+from Spanish ports south of Valencia.
+    The decision was taken at a meeting of the authority's
+cereals management committee today.
+    The tax had been introduced last September at the same time
+as a subsidy of eight Ecus per tonne was brought in for exports
+of maize to Spain from other EC member countries.
+    The aim of the tax was to prevent the maize imported into
+Spain from the other EC states with the help of subsidies from
+being reexported back to them.
+    The sources added that Spain had received no answer from
+the committee to its request that tenders be opened for the
+sale to third countries of 450,000 tonnes of maize.
+    The request will be considered at the committee's next
+meeting, the commission sources said.
+    Madrid estimates that it needs to import 1.7 mln tonnes of
+maize this year, while an EC-U.S. accord guarantees non-EC
+producer sales to Spain of two mln tonnes of maize and 300,000
+tonnes of sorghum annually for the next four years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12250" NEWID="7337">
+<DATE>19-MAR-1987 14:38:06.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2082&#31;reute
+d f BC-GREAT-&lt;GAMI>-TO-BUY-S   03-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT &lt;GAMI> TO BUY STANDARD&lt;SRD> UNITS' ASSETS</TITLE>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>Great American Management and
+Investment Inc said its 80 pct-owned subsidiary agreed to buy
+certain assets of two subsidiaries of Standard Oil Co, for 40
+mln dlrs and the assumption of certain liabilities.
+    Great American Industrial Group Inc agreed to acquire all
+the U.S. and United Kingdom assets of Pfaudler Co and the stock
+of certain Brazilian, Mexican, and West German subsidiaries of
+Kennecott Mining Corp, it said. Pfaudler and Kennecott are
+subsidiaries of Standard Oil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12251" NEWID="7338">
+<DATE>19-MAR-1987 14:38:37.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2085&#31;reute
+d f BC-KMS-INDUSTRIES-INC-&lt;K   03-19 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KMS INDUSTRIES INC &lt;KMSI> YEAR NET</TITLE>
+<DATELINE>    ANN ARBOR, MICH., March 19 -
+    </DATELINE><BODY>Oper shr three cts vs three cts
+    Oper net 511,000 vs 550,000
+    Revs 19.7 mln vs 17.7 mln
+    Avg shrs 15,777,000 vs 16,074,000
+    NOTE: Earnings exclude gains from utilization of tax loss
+caryforwards of 398,000 dlrs, or three cts a share vs 455,000
+dlrs, or three cts a share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12252" NEWID="7339">
+<DATE>19-MAR-1987 14:39:28.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2089&#31;reute
+b f BC-******WICKES-COS-INC   03-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WICKES COS INC 4TH QTR SHR LOSS TWO CTS VS PROFIT 14 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12253" NEWID="7340">
+<DATE>19-MAR-1987 14:40:13.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2091&#31;reute
+d f BC-CONSOLIDATED-FREIGHTW   03-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED FREIGHTWAYS &lt;CNF> FORMS NEW UNIT</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 19 - </DATELINE><BODY>Consolidated Frieghtways Corp
+said it has formed a new regional less-than-truckload carrier
+called Con-Way Southern Express.
+    The company said the new unit will start overnight service
+April One in the Carolinas, Georgia, Tennessee and Virginia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12254" NEWID="7341">
+<DATE>19-MAR-1987 14:43:03.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2098&#31;reute
+d f BC-TO-FITNESS-&lt;TFIT>-IN   03-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TO-FITNESS &lt;TFIT> IN DISTRIBUTION DEAL</TITLE>
+<DATELINE>    BAY HARBOR ISLAND, Fla., March 19 - </DATELINE><BODY>To-Fitness Inc said it
+has been named exclusive Florida distributor for the hardpack
+version of the frozen dessert Tofutti by Tofutti Brands Inc
+&lt;TOF>, replacing Pillsbury Co's &lt;PSY> Haagen Dazs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12255" NEWID="7342">
+<DATE>19-MAR-1987 14:43:25.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2100&#31;reute
+b f BC-FIRST-FINANCIAL-&lt;FFMC   03-19 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FINANCIAL &lt;FFMC> BIDS FOR COMDATA &lt;CDN></TITLE>
+<DATELINE>    ATLANTA, March 19 - </DATELINE><BODY>First Financial Management corp said it
+has offered to acquire Comdata Network Inc for 18 dlrs per
+share in cash and stock, or a total of about 342.7 mln dlrs.
+    The company said for each Comdata share it would exchange
+half a First Data share and enough cash to bring the total
+value up to 18 dlrs per share, provided that the market price
+of First Financial stock were not less than 28 dlrs per share.
+    It said the cash payment would be based on the average
+market price of First Financial during a period shortly before
+closing.
+    First Financial said it would not pursue the offer if
+Comdata's board rejected it.  Comdata has already agreed to be
+acquired by a partnership for either 15 dlrs a share in cash or
+at least 10 dlrs in cash and uniuts of securities.
+    The partnership that made the first offer for Comdata was
+Welsh, Carson, Anderson and Stowe.  Comdata had previously
+entered into an agreement, which collapsed, for a repurchase of
+six mln shares at 14.50 dlrs each and for the sale of one mln
+shares by a director to &lt;Mason Best Co>. Mason Best already
+owns 1,800,000 Comdata shares.
+    A group led by &lt;Rosewood Financial Inc> has also disclosed
+ownership of 6.2 pct of Comdata's 19.0 mln shares outstanding
+and said it might seek to increase its interest to over 15 pct.
+    The company said Comdata shareholder approval would also be
+required for its proposal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12256" NEWID="7343">
+<DATE>19-MAR-1987 14:43:49.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2102&#31;reute
+u f BC-U.S.-CONGRESS-THIRD-W   03-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONGRESS THIRD WORLD DEBT PLAN ADVANCES</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>A House Banking subcommittee
+approved a plan to seek U.S. negotiations with other
+industrialized countries for the purchase of developing country
+debt from commercial banks.
+    The plan is expected to face opposition in the full House
+Banking Committee, where approval must be obtained to send it
+on to the full House for a vote, congressional sources said.
+    Under their plan, Treasury Secretary James Baker would be
+directed to consider setting up a public debt authority to
+purchase developing country debt at a discount. The debt would
+be repackaged for sale to a secondary market.
+    The debt plan was offered by International Development
+Institutions subcommitte chairman Walter Fauntroy, a non-voting
+Democratic delegate from the District of Columbia.
+    The negotiations would aim for renegotiation of third world
+debt with the new U.S. Public Debt Management Authority. The
+new U.S. institution would act as manager for the loans and
+oversee economic policies of the developing countries.
+    One of its main purposes is the reduction in the debt
+service burden of developing countries, Fauntroy said.
+    In addition, the bill asks for a study of the issuance of
+of Special Drawing Rights to developing countries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12257" NEWID="7344">
+<DATE>19-MAR-1987 14:44:07.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2104&#31;reute
+d f BC-POP-RADIO-&lt;POPX>-GETS   03-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POP RADIO &lt;POPX> GETS RITE AID &lt;RAD></TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>POP Radio Corp said it has signed a
+seven-year agreement to provide Rite Aid Corp with in-store
+customized disc jocky-hosted radio programs, resulting in an
+increase of more than 50 pct in the total number of stores POP
+now has under contract.
+    Value was not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12258" NEWID="7345">
+<DATE>19-MAR-1987 14:44:13.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2105&#31;reute
+d f BC-BIOSENSOR-&lt;BSNR>-SIGN   03-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOSENSOR &lt;BSNR> SIGNS MARKETING AGREEMENT</TITLE>
+<DATELINE>    MINNEAPOLIS, March 19 - </DATELINE><BODY>Biosensor Corp said it signed an
+agreement with Del Mar Avionics, Irvine, Calif., to market the
+Biosensor Multiday system.
+    Multiday monitoring products can analyze patient heart
+signals for up to five days in or out of the hospital. Patients
+can transmit complex cardiac data over the telephone to their
+medical center, allowing physicians to review the information
+as necessary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12259" NEWID="7346">
+<DATE>19-MAR-1987 14:44:16.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2106&#31;reute
+s f BC-ALLIANCE-FINANCIAL-CO   03-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIANCE FINANCIAL CORP &lt;ALFL> DIVIDEND SET</TITLE>
+<DATELINE>    DEARBORN, MICH., March 19 -
+    </DATELINE><BODY>Qtly div 22 cts vs 22 cts previously
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12260" NEWID="7347">
+<DATE>19-MAR-1987 14:44:30.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2107&#31;reute
+u f BC-JEFFERIES-MAKING-MARK   03-19 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES MAKING MARKET IN COMDATA NETWORK&lt;CDN></TITLE>
+<DATELINE>    New York, March 19 - </DATELINE><BODY>Jefferies and Co said it is making a
+market in Comdata Network at 16-1/2 to 17.
+    The stock was halted on the New York Stock Exchange for
+dissemination of news at 15-1/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12261" NEWID="7348">
+<DATE>19-MAR-1987 14:44:43.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2108&#31;reute
+d f BC-NOSTALGIA-NETWORK-&lt;NN   03-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOSTALGIA NETWORK &lt;NNET> ADDS SUBSCRIBERS</TITLE>
+<DATELINE>    DALLAS, March 19 - </DATELINE><BODY>Nostalgia Network Inc said it signed an
+agreement with the ACTS Satellite Network to produce a series
+of two- and five-minute commercials of its home shopping
+service, "Collectible Showcase."
+    It said the ACTS Network, with more than six mln cable
+television subscribers, will air the commercials approximately
+28 times a week for 13 weeks, and as a result Nostalgia
+Netowork said it expects a significant increase in sales volume
+in April.
+    Nostalgia is 29 pct owned by Futuresat Industries Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12262" NEWID="7349">
+<DATE>19-MAR-1987 14:46:11.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2112&#31;reute
+u f BC-NYNEX-&lt;NYN>-INCREASES   03-19 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYNEX &lt;NYN> INCREASES QTRLY CASH DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Nynex Corp said it is raising its
+quarterly dividend to 95 cts from 87 cts payable May 1, 1987,
+to shareholders of record March 31.
+    The company said this was the third consecutive year it has
+raised its quarterly cash dividend. It added it had a
+two-for-one stock split in May 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12263" NEWID="7350">
+<DATE>19-MAR-1987 14:46:48.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2114&#31;reute
+r f AM-GULF-SAUDI   03-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROGRESS TOWARD IRAQ-IRAN PEACE SEEN</TITLE>
+<DATELINE>    BAHRAIN, March 19 - </DATELINE><BODY>Saudi Arabia's Crown Prince Abdullah
+Ibn Abdulaziz said in remarks published today there would be
+important progress in the next few months on Arab and Islamic
+efforts to end the Iraq-Iran war.
+    Prince Abdullah, in an interview with the Kuwait magazine
+Al-Majalis, carried by the official Saudi Press Agency (SPA),
+said: "Important progress ... Will happen during the coming two
+or three months."
+    He said, "We have always appealed to the brothers in Iraq
+and Iran to stop the bloodshed ... In this meaningless war
+between two Islamic countries."
+    All international and regional efforts so far to end the
+6-1/2-year-old war have failed. Iran says there can be no peace
+until Iraqi President Saddam Hussein is ousted.
+    Prince Abdullah said Iraq had always responded to Islamic
+and Arab peace calls.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12264" NEWID="7351">
+<DATE>19-MAR-1987 14:47:03.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2115&#31;reute
+u f BC-ITALIAN-TREASURY-OFFE   03-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN TREASURY OFFER HAS LOWER RATES</TITLE>
+<DATELINE>    ROME, March 19 - </DATELINE><BODY>The Italian Treasury said it would offer
+24,500 billion lire of short-term Treasury bills (BOTs) at net
+rates lower than on the preceding issue.
+    Three-month bills worth 3,500 billion lire will be offered
+for competitive tender at a base price of 97.50 pct, giving an
+effective annualised compound yield after tax of 9.87 pct.
+    Net rate on the preceding issue end-February was 9.98 pct.
+    The Treasury will also offer 9,500 billion lire of
+six-month bills at a base price of 95.35 pct for an effective
+annualized net yield of 9.24 pct.
+    The net rate on the preceding issue was 9.30 pct.
+    A total of 11,500 billion lire of 12-month paper will be
+offered at a base price of 91.15 pct for an effective
+annualized net yield of 9.02 pct.
+    Rate on the preceding issue mid-February was 9.05 pct.
+    The bills replace maturing paper worth 23,442 billion lire,
+of which 20,322 was held by operators.
+    Subscriptions to the offer close March 24.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12265" NEWID="7352">
+<DATE>19-MAR-1987 14:47:55.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2121&#31;reute
+u f BC-VULCAN-&lt;VUL>-WITHDRAW   03-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VULCAN &lt;VUL> WITHDRAWS JONES/VINING &lt;JNSV> BID</TITLE>
+<DATELINE>    CINCINNATI, March 19 - </DATELINE><BODY>Vulcan Corp said it was
+discontinuing its efforts to negotiate a purchase of the common
+stock of Jones and Vining Inc.
+    On February 6, Vulcan, a Cincinnati maker of shoe lasts and
+other products, offered five dlrs a share for all of Jones and
+Vining common, subject to certain conditions.
+    Vulcan said it is dropping the proposal because it believes
+subsequent actions by Jones and Vining are hostile and Vulcan
+is only interested in a friendly transaction.
+    Jones and Vining makes shoe lasts and shoe components. It
+has about 3.7 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12266" NEWID="7353">
+<DATE>19-MAR-1987 14:48:48.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2129&#31;reute
+r f BC-TEMPO-&lt;TPO>-TO-SELL-C   03-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEMPO &lt;TPO> TO SELL CABLE SYSTEMS TO EAGLE</TITLE>
+<DATELINE>    TULSA, Okla., March 19 - </DATELINE><BODY>Tempo Enterprises Inc said it
+signed a letter of intent to sell seven cable television
+systems, representing about 5,000 subscribers, to &lt;Eagle
+Cable>.
+    Terms of the acquisition were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12267" NEWID="7354">
+<DATE>19-MAR-1987 14:49:21.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2132&#31;reute
+r f BC-ERBAMONT-&lt;ERB>-ACQUIR   03-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERBAMONT &lt;ERB> ACQUIRES ANTIBIOTICOS S.A.</TITLE>
+<DATELINE>    STAMFORD, Conn., March 19 - </DATELINE><BODY>Erbamont N.V. said its major
+shareholder &lt;Montedison SpA>, which owns 85 pct of its common,
+and Farmitalia Carlo Erba, its 75 pct owned subsidiary, have
+acquired &lt;Antibioticos S.A.> and related subsidiaries.
+    Terms of the acquisition were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12268" NEWID="7355">
+<DATE>19-MAR-1987 14:49:41.34</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2133&#31;reute
+u f BC-UK-CROSS-FIELD-PRT-RE   03-19 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK CROSS FIELD PRT RELIEF FAVOURS SMALLER FIELDS</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The "cross field allowance" relief on
+Petroleum Revenue Tax (PRT) announced by U.K. Chancellor of the
+Exchequer Nigel Lawson this week will favour smaller non-PRT
+paying fields, according to stockbrokers Wood Mackenzie and Co.
+    The cross field allowance offsets up to 10 pct of
+qualifying spending on a new oil field against PRT liability of
+other fields. It is restricted to new offshore developments
+outside the southern basin and yet to gain Annex B approval.
+    A report by the stockbrokers said that on a new field not
+paying PRT due to its small size, the relief would directly
+benefit in PRT saving on an existing field.
+    "The cross field allowance will mainly benefit participators
+in those fields which have no PRT liability," the report said,
+adding that the timing of development of such fields may be
+advanced.
+    The government would in effect be subsidising these
+developments at 7.5 pct of capital expenditure before
+corporation tax, the report said.
+    On fields likely to pay PRT in the future, the benefit is
+of timing. Although liabilities on other existing fields will
+be reduced immediately, liabilities on larger new fields will
+rise in the future due to the loss of offsets, it said.
+    In a study on probable fields, the report said that when
+the rates of return are examined, the rise for a PRT-paying
+field such as Miller, the largest undeveloped oil field in the
+U.K. North Sea, is from 18.7 to 19 pct, while the rise for a
+small non-PRT paying field such as Kittiwake is 15.9 to 17.9
+pct.
+    The report added that in fields which pay PRT, there will
+be a cost in being able to have this early relief. Not only
+will these costs be unavailable for offset against the field's
+future profits, but uplift of some 35 pct on these costs will
+be lost.
+    Thus, a saving of PRT of 100 when field development starts
+will have to be matched by a rise in PRT of 135 at a later
+time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12269" NEWID="7356">
+<DATE>19-MAR-1987 14:52:33.51</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2138&#31;reute
+u f BC-CONGRESSMEN-URGE-U.S.   03-19 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONGRESSMEN URGE U.S. SOYBEAN PROGRAM CHANGES</TITLE>
+<DATELINE>    WASHINGTON, MARCH 19 - </DATELINE><BODY>Several leading farm-state
+Congressmen said they will press the U.S. Agriculture
+Department to implement some kind of marketing loan to make
+soybeans exports competitive while protecting farm income.
+    Speaking at a House grains subcommittee hearing, chairman
+Dan Glickman, D-Kan., proposed that Congressmen and
+representatives of soybean growers meet with USDA on the
+subject in the next two weeks.
+    "Let's see if we can try to push them (USDA) to do
+something without legislation," Glickman told the hearing.
+    The current soybean loan rate effectively is 4.56 dlrs per
+bushel with no income protection, or marketing loan.
+    David Haggard, American Soybean Association, ASA, president
+said USDA must make changes in the soybean program.
+    The current soybean program "gave us the worst of both
+worlds," ASA's Haggard told the hearing. The 1987 loan rate is
+too high relative to corn and is encouraging an expansion of
+soybean production in South America, he said. At the same time,
+the U.S. soybean loan rate is too low to provide any income
+support for soybean farmers, Haggard said.
+    "We need some kind of market loan," he added.
+    The 1985 farm bill provides authority for the Agriculture
+Secretary to implement a marketing loan for soybeans but USDA
+so far has resisted pressure to use the authority.
+    Representatives of ASA met earlier this month with USDA,
+but Haggard said USDA officials gave no indication if they
+would seriously consider offering a marketing loan.
+    USDA undersecretary Daniel Amstutz yesterday said the
+soybean situation is a "dilemna" which has been studied
+extensively by the department. But he did not say what, if any
+changes, are under consideration.
+    In his testimony, Haggard indicated there are ways other
+than a marketing loan which should be considered to help
+soybean growers, such as a so-called producer option payment,
+or a direct payment program.
+    Haggard said barring any program changes, Commodity Credit
+Corporation, CCC, soybean stocks, now at 385 mln bu, will rise
+to 500 mln by the end of August. A further 100 mln bu of
+soybeans could be forfeited between September and end-year.
+    "Thus, CCC could own the equivalent of Brazil's entire
+soybean crop by the end of calendar year 1987," Haggard said.
+    However, Haggard said that the U.S. should be cautious in
+making soybean program changes that might allow the European
+Community to challenge the U.S. program under the General
+Agreement on Tariffs and Trade, GATT.
+    He noted that The EC imports one quarter of U.S. soybean
+production and loss of that market would be devastating.
+    The Reagan administration has given "mixed signals" on
+whether it believes a marketing loan for soybeans could be
+successfully challenged in GATT by the EC, Haggard said.
+    While the ASA position is to support a 5.02 dlrs per bu
+loan rate combined with a marketing loan, Haggard also endorsed
+a proposal by Rep. Jerry Huckaby, D-La., which would set a six
+dlrs per bu loan rate and apply a marketing loan.
+    The Huckaby proposal is also supported by the ranking
+Republican on the House Agriculture committee, Rep. Edward
+Madigan of Illinois.
+    Subcommittee chairman Glickman endorsed the need to take
+some action on soybeans, but cautioned that the marketing loan
+could mean a substantial increase in budget costs.
+    Glickman noted that the Agriculture Committee must cut one
+to 1.5 billion dlrs from its fiscal 1988 budget and therefore
+must fit any soybean program changes into the overall budget.
+    Haggard said at a soybean loan rate of six dlrs per bu
+combined with a marketing loan, the U.S. soybean price might
+fall to four dlrs per bu initially. This would cost the
+government a maximum of two billion dlrs. But he said the costs
+would decline as market prices recovered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12270" NEWID="7357">
+<DATE>19-MAR-1987 14:55:44.16</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2147&#31;reute
+b f BC-RAISE-IN-BRAZIL-FCOJ   03-19 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAISE IN BRAZIL FCOJ EXPORT PRICES NOT CONFIRMED</TITLE>
+<DATELINE>    ****RIO DE JANEIRO, March 19 - </DATELINE><BODY>There is no confirmation
+that Brazil's major processors of Frozen Concentrated Orange
+Juice, FCOJ, will raise export prices of the product to 1,375
+dlrs per tonne from April 1, a spokesman for the Brazilian
+Association of Citrus Juice Industries (Abrassuco) said.
+    Asked to comment on a report from New York that Cutrale and
+Citrosuco had sent telexes to customers informing of the price
+raise, Jose Carlos Goncalves said Abrassuco was not aware of
+it.
+    "All we know is that Cacex has increased the dollar amount
+to translate FOB price to ex-dock New York price to 1,050 dlrs
+from 770 dlrs," Goncalves said.
+    Citrosuco and Cutrale officials were not available for
+comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12271" NEWID="7358">
+<DATE>19-MAR-1987 14:56:14.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2148&#31;reute
+u f BC-ALDEN-ELECTRONICS-&lt;AD   03-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALDEN ELECTRONICS &lt;ADNEA> SETS LOWER DIVIDEND</TITLE>
+<DATELINE>    WESTBOROUGH, Mass., March 19 - </DATELINE><BODY>Alden Electronics Inc said
+its board declared an annual dividend of 15 cts per share on
+Class A and B common stock, down from 25 cts last year due to
+an expected drop in earnings for the year ended March 28.
+    The dividend is payable April 15 to holders of record on
+April 3.
+    Alden earned 1,357,000 dlrs last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12272" NEWID="7359">
+<DATE>19-MAR-1987 14:58:44.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2151&#31;reute
+b f BC-/WICKES-COS-INC-&lt;WIX>   03-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WICKES COS INC &lt;WIX> 4TH QTR LOSS</TITLE>
+<DATELINE>    SANTA MONICA, Calif., March 19 -
+    </DATELINE><BODY>Shr loss two cts vs profit 14 cts
+    Net loss 2,515,000 vs profit 28,569,000
+    Sales 1.41 billion vs 885.2 mln
+    Avg shrs 239.2 mln vs 104.4 mln
+    Year
+    Shr profit 33 cts vs profit 47 cts
+    Net profit 83,750,000 vs profit 76,130,000
+    Sales 4.77 billion vs 2.81 billion
+    Avg shrs 198.8 mln vs 98.3 mln
+    Note: Current qtr and year figures include gains on
+securities sales of 3.9 mln dlrs and 38 mln dlrs, respectively.
+    Prior qtr and year figures include gain on securities sales
+of 3.9 mln dlrs.
+    Current qtr and year figures include extraordinary loss of
+6.9 mn dlrs and gain of 9.9 mln dlrs, respectively.
+    Prior qtr and year figures include operating loss
+carryforward gains of 7.6 mln dlrs and 35.5 mln dlrs,
+respectively.
+    Prior qtr and year figures include gains from discontinued
+operations of 6.6 mln dlrs and 12.6 mln dlrs, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12273" NEWID="7360">
+<DATE>19-MAR-1987 14:58:55.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2152&#31;reute
+r f BC-U.S.-HOUSE-PLAN-TO-EA   03-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PLAN TO EASE LDC DEBT ADVANCES</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>A U.S. House Banking subcommittee
+approved a plan to seek negotiations with other industrialized
+countries for the purchase of developing country debt from
+commercial banks.
+    The plan is expected to face opposition in the full House
+Banking Committee where approval must be obtained to send it on
+to the full House for a vote, congressional sources said.
+    Under their plan, Treasury Secretary James Baker would be
+directed to consider setting up a public debt authority to
+purchase developing country debt at a discount. The debt would
+be repackaged for sale to a secondary market.
+    The debt plan was offered by International Development
+Institutions subcommittee chairman Walter Fauntroy, a
+non-voting Democratic delegate from the District of Columbia.
+    The negotiations would aim for renegotiation of third world
+debt with the new U.S. Public Debt Management Authority. The
+new U.S. institution would act as manager for the loans and
+oversee economic policies of the developing countries.
+    One of its main purposes is the reduction in the debt
+service burden of developing countries, Fauntroy said.
+    In addition, the bill asks for a study of the issuance of
+of Special Drawing Rights to developing countries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12274" NEWID="7361">
+<DATE>19-MAR-1987 14:59:32.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2155&#31;reute
+u f BC-COKE   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COKE&lt;CCE> SAYS ITS UNIT ITS PRICING PROBE TARGET</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Coca-Cola Enterprises Inc said one
+of its key bottling subsidiaries is being investigated by a
+grand jury for possible price fixing violations of its soft
+drinks.
+    In a filing with the Securities and Exchange Commission,
+the company said its Mid-Atlantic Coca-Cola Bottling Co
+understands a federal grand jury in Norfolk, Va., is probing
+the matter and it is "possible" that it will be indicted for
+violating anti-trust laws.
+    The current probe stems from the conviction last month of
+an Allegheny Pepsi-Cola Bottling Co employee, it said.
+    In the trial of the Allegheny Pepsi employee, Armand
+Gravely on October 28, 1986, Mid-Atlantic Coca-Cola Bottling Co
+and eight of its employees, including some high ranking
+officers, were identified as unindicted co-conspirators in the
+price fixing scheme, Coca-Cola Enterprises said.
+    Gravely was convicted on February 12, 1987 in a scheme to
+fix soft drink prices in Virginia between Allegheny Pepsi and
+Mid-Atlantic Coca-Cola, the company said.
+    While Mid-Atlantic Coca-Cola was not named as a defendent
+along with Gravely, the company said the probe into the Gravely
+case is still under way and could result in indictments.
+    Coca-Cola Enterprises has already said Mid-Atlantic
+Coca-Cola Bottling Co and some of its officers have been under
+investigation by the Norfolk grand jury since September 1984.
+    The new disclosure was made in a filing with the SEC for
+offerings of 250 mln dlrs of debentures due 2017 and 250 mln
+dlrs of notes due 1997.
+    Proceeds would be used to refinance outstanding debts, the
+company said. Salomon Bros is lead underwriter.
+    Coca-Cola Enterprises is 49 pct owned by Coca-Cola Co &lt;KO>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12275" NEWID="7362">
+<DATE>19-MAR-1987 15:00:12.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2158&#31;reute
+r f BC-AZURE-VENTURES-TO-BUY   03-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AZURE VENTURES TO BUY ADVERTISING UNIT</TITLE>
+<DATELINE>    KANSAS CITY, Mo., March 19 - </DATELINE><BODY>&lt;Azure Ventures Ltd> said it
+signed a letter of intent to acquire John Paul Richards and
+Associates Inc.
+    The company said if the merger is approved by shareholders
+of both companies, the shareholders of John Paul Richards would
+become majority shareholders, owning 60 pct of the common
+stock, of the new public company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12276" NEWID="7363">
+<DATE>19-MAR-1987 15:00:24.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2159&#31;reute
+r f BC-SCOTT-&lt;SCOT>-DECLARES   03-19 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT &lt;SCOT> DECLARES FIRST PAYOUT</TITLE>
+<DATELINE>    RICHMOND, Va., March 19 - </DATELINE><BODY>Scott and Stringfellow Financial
+Inc said it declared its first quarterly dividend of three
+cents per share payable April 15 to shareholders of record
+April one.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12277" NEWID="7364">
+<DATE>19-MAR-1987 15:01:47.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2163&#31;reute
+u f BC-NEW-JEFFERIES-&lt;JEFG>   03-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW JEFFERIES &lt;JEFG> CHIEF PLANS NO CHANGES</TITLE>
+<AUTHOR>    By Greg Calhoun, Reuters</AUTHOR>
+<DATELINE>    LOS ANGELES, March 19 - </DATELINE><BODY>Jefferies Group Inc's new chief
+executive Frank Baxter said the company intends to review its
+operations, following the resignation of founder and chairman
+Boyd Jefferies, but he has no immediate plans for changes,    
+"We'll be examining all our practices," Baxter said in a
+telephone interview, adding, "we do not expect any changes."
+    Baxter also said he does not believe that any other
+Jefferies employees will be cited for wrongdoing.
+    Boyd Jefferies, Jefferies Group's founder, agreed to plead
+guilty to two felony counts of violating federal securities
+laws, Jefferies Group said in a statement released earlier.
+    The statement said the charges against Boyd Jefferies
+resulted from a transaction in which he, on behalf of the
+company, agreed to purchase certain stocks from entities
+controlled by Ivan Boesky and later resell the stock to those
+entities.
+    "That was Boyd's transaction," Baxter said.
+    Baxter said that although Jefferies Group was censured,
+there were no fines imposed on the company and no restrictions
+placed on its business. He said he believes the news of the
+allegations and Boyd Jefferies resignation should not affect
+client confidence.
+    Michael Klowden, an attorney for Jefferies Group, said that
+although investigations are continuing into trading activity in
+general, he does not believe any probe is focusing on Jefferies
+Group or its employees.
+    "We don't anticipate any actions of any consequence,"
+Klowden said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12278" NEWID="7365">
+<DATE>19-MAR-1987 15:02:14.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2165&#31;reute
+r f BC-PACAD-&lt;BAGS>-SEES-OKA   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACAD &lt;BAGS> SEES OKAMOTO CONTRACT IN A FEW DAYS</TITLE>
+<DATELINE>    NEWBURGH, N.Y., March 19 - </DATELINE><BODY>Pacad Inc said it expects to
+have a written contract with Okamoto U.S.A. Inc to market
+condoms produced by its parent company, &lt;Okamoto Riklen Gomu Co
+Ltd>, in the United States within 10 days.
+    Yesterday Pacad said it "has reached an agreement to enter
+into a contract with Okamoto," adding "we expect our condom
+sales to begin within 30 days and grow rapidly in 1987."
+    In a clarifying statement, Pacad said it has "an oral
+agreement with Okomoto to market condoms, and fully expects to
+enter into a written contract with regard thereto within a week
+to ten days."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12279" NEWID="7366">
+<DATE>19-MAR-1987 15:02:35.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2167&#31;reute
+r f BC-TEXAS-COMMERCE-(TCB)   03-19 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS COMMERCE &lt;TCB> SEES IMPROVEMENT IN 1987</TITLE>
+<AUTHOR>    By Julie Vorman, Reuters</AUTHOR>
+<DATELINE>    HOUSTON, March 19 - </DATELINE><BODY>Texas Commerce Bancshares Inc said that
+relatively stable oil prices and the bank's planned merger with
+Chemical New York Corp &lt;CHL> would help 1987 earnings increase
+from last year's profits of 20 mln dlrs.
+    Texas Commerce chairman Ben Love, in an interview with
+Reuters, did not elaborate on how much the bank expected
+earnings to increase.
+    "We would anticipate that this year would be an improvement
+over last because we are stronger," Love said, referring to
+Texas Commerce's pending 1.19 billion dlr merger with Chemical.
+The merger, which may be finalized as early as May 1, will
+lower Texas Commerce's cost of funding by an estimated 10 to 15
+basis points, Love said.
+    The Texas Commerce-Chemical merger is the only acquisition
+by a major out-of-state bank since Texas lawmakers approved
+interstate banking effective January 1.
+    Hard-hit by loan losses in energy and real estate in Texas'
+struggling economy, the only major Texas banks able to report
+profits in 1986 were Texas Commerce and RepublicBank which
+earned 54.0 mln dlrs. Allied Bancshares Inc &lt;ALBN> lost 17.6
+mln dlrs, MCorp &lt;M> lost 82.1 mln dlrs, InterFirst lost 326.5
+mln dlrs and First City Bancorporation &lt;FBT>, which is actively
+seeking a merger or other form of new capital, lost 402.0 mln
+dlrs.
+    Love said Texas Commerce had turned the corner on its
+energy loan portfolio problems, but added that the bank's
+nonperforming real estate loans may increase during 1987.
+    "I think the tidal wave in energy has passed over us," he
+said. "The fact that the real estate market is still moving
+away suggests there could be some continuing growth of
+nonperforming loans."
+    In 1986, about 42 pct of Texas Commerce's net loan losses
+related to real estate lending and 13 pct was due to energy
+loan losses. That compares to 1985 when only 17 pct of the
+bank's losses were in real estate and energy accounted for 43
+pct.
+    More than half of Texas Commerce's nonperforming loans,
+which totaled 968 mln dlrs at yearend 1986, up from 840 mln
+dlrs the year before, were in real estate.
+    Love said he believed the real estate loan problems for
+Texas Commerce and other major state banks would peak by the
+third or fourth quarter of 1987. Absorption of empty office
+buildings in Houston, which has a current vacancy rate of about
+30 pct, will be a gradual process that could take up to four
+years, he said.
+    "I think we may be beginning to stabilize this economy. Oil
+at 18 dlrs a barrel brings much more confidence than 10 dlrs a
+barrel," he said.
+    Texas Commerce will retain its name as a separate
+subsidiary of Chemical and plans to aggressively expand its
+holdings throughout Texas, offering additional products to
+build up its consumer banking business, Love said. "We are
+resuming what we did best for years -- an offensive position,"
+he said.
+    In January, Texas Commerce acquired a failed bank in
+Montgomery County, adjacent to the Houston metropolitan area,
+and earlier this month opened a new bank in San Antonio. Texas
+Commerce plans to add more banks in San Antonio and in the
+Dallas-Fort Worth area where it currently has only 16 member
+banks, he said.
+    One day after the Texas Commerce acquisition was announced
+in December, InterFirst Corp &lt;IFC> and RepublicBank Corp &lt;RPT>,
+both headquartered in Dallas, agreed to merge in a deal valued
+at 570 mln dlrs.
+    The combination of former archrivals RepublicBank and
+InterFirst, giving the two banks a virtual lock on the Dallas
+banking market, has not changed Texas Commerce's expansion
+plans for the state's second-largest city, Love said. "We think
+we can try to get a little part of their roost," he said.
+    The Chemical partnership will also give Texas Commerce an
+edge in developing new consumer products, he said.
+    "We have always been a wholesale bank but we have more than
+one million customers all over the state. Chemical will show us
+how to take advantage of enhancing our consumer products," he
+said, referring to expansion of such existing products as
+credit cards and investment banking.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12280" NEWID="7367">
+<DATE>19-MAR-1987 15:06:41.50</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nycsce</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2185&#31;reute
+u f BC-nycsce-margin   03-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSCE PUTS ADDITIONAL MARGIN ON JULY COFFEE</TITLE>
+<DATELINE>    New York, March 19 - </DATELINE><BODY>An additional margin of 1,000 dlrs
+will be required on all July 1987 delivery coffee "C" contracts
+as of the opening of trade Monday, March 23, the Coffee, Sugar
+and Cocoa Exchange, CSCE, said.
+    The March contract ends trading this week, making May and
+July the two "spot," or unlimited, contract months next week.
+    Members will then have to obtain a minimum 3,500 dlrs for
+net long or net short positions in the May and July contracts,
+including a 2,500 original margin plus the additional 1,000 dlr
+spot charge.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12281" NEWID="7368">
+<DATE>19-MAR-1987 15:14:50.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2206&#31;reute
+u f BC-U.S.-ATTORNEY-SAYS-BO   03-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ATTORNEY SAYS BOYD JEFFERIES COOPERATING</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>U.S. Attorney Rudolph Giuliani said
+Boyd Jefferies, former chairman of Jefferies Group Inc &lt;JEFG>,
+is cooperating with an investigation into violations of U.S.
+securities laws.
+    The Jefferies firm said earlier today that Boyd Jefferies
+resigned and intends to plead guilty to two felony counts.
+    Giuliani's written statement said one count will relate to
+a criminal violation of margin requirements and the second will
+relate to aiding and abetting the falsification of the records
+of a brokerage house controlled by Ivan Boesky.
+ Reuters
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12282" NEWID="7369">
+<DATE>19-MAR-1987 15:15:29.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2209&#31;reute
+r f BC-ATT-AMERICAUS-TRUST-2   03-19 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT AMERICAUS TRUST 2 &lt;ATU> CLOSES EARLY</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Americus Trust for American Telephone
+and Telegraph Co Shares, Series 2, said it has reached its
+limit of 10 mln ATT &lt;T> shares and has closed.
+    The trust was scheduled to close April One.
+    Common stock tendered into an Americus trust is converted
+into trust units on a one share for one unit basis. Each unit
+may be divided into separately-traded PRIME and SCORE
+components.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12283" NEWID="7370">
+<DATE>19-MAR-1987 15:16:36.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2213&#31;reute
+d f BC-ODYSSEY-FILMPARTNERS   03-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ODYSSEY FILMPARTNERS &lt;ODYY> DROPS MERGER TALKS</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 19 - </DATELINE><BODY>Odyssey Filmpartners Ltd
+said is terminated discussions to acquire &lt;United Color Labs>,
+pursuant to a Jan 27 letter of intent for it to buy the company
+for stock and cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12284" NEWID="7371">
+<DATE>19-MAR-1987 15:19:22.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2226&#31;reute
+r f BC-VICTORY-MARKETS-&lt;VMKT   03-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VICTORY MARKETS &lt;VMKT> SELLS DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 119 - </DATELINE><BODY>Victory Markets Inc is raising 60 mln
+dlrs through an offering of subordinated debentures due 1999
+with a 12-1/2 pct coupon and par pricing, said sole underwriter
+Drexel Burnham Lambert Inc.
+    Non-callable for five years, the debt is rated B-2 by
+Moody's Investors Service Inc. The issue was increased from an
+initial offering of 50 mln dlrs because of investor demand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12285" NEWID="7372">
+<DATE>19-MAR-1987 15:19:45.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2229&#31;reute
+r f BC-NORTH-AMERICAN-PHILIP   03-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN PHILIPS &lt;NPH> UNIT NAMES EXECUTIVE</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>North American Philips Corp said Lyman
+Beggs has been named president of its Consumer Products
+Divisions.
+    The company said Beggs, formerly executive vice president
+of Tambrands Inc &lt;TMB>, succeeds Richard Kress, who retired.
+    The company said approximately 58 pct of the common stock
+of North American Philips is owned by N.V. Philips of the
+Netherlands.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12286" NEWID="7373">
+<DATE>19-MAR-1987 15:22:12.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2231&#31;reute
+r f BC-MEAD-&lt;MEA>-SELLS-DEBE   03-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEAD &lt;MEA> SELLS DEBENTURES AT NINE PCT</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>A 150 mln dlr issue of Mead Corp
+30-year debentures was given a nine pct coupon and priced at
+par, Smith Barney, Harris Upham and Co Inc said as lead
+manager.
+    The securities, which are not callable for 10 years, carry
+a rating of A-3 from Moody's Investors Service Inc and one of
+BBB-plus from Standard and Poor's Corp.
+    Mead said it will use the proceeds to retire outstanding
+short-term debt, a portion of which was incurred to finance
+part of recent acquisitions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12287" NEWID="7374">
+<DATE>19-MAR-1987 15:25:16.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2235&#31;reute
+r f BC-resending   03-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW &lt;DOW> TO ISSUE 56 MLN DLRS IN BONDS</TITLE>
+<DATELINE>    MIDLAND, MICH., March 19 - </DATELINE><BODY>Dow Chemical Co said it will
+issue 100 mln New Zealand dollar denominated bonds worth
+approximately 56 mln U.S. dlrs at current exchange rates.
+    It said the two-year bonds will offer a floating interest
+rate which will not be less than 17 pct in New Zealand dollars.
+    Proceeds from the bonds, issued under the company's shelf
+registration, will be swapped for U.S. funds resulting in an
+all-in cost to Dow fixed at 15 basis points below the two-year
+U.S. Treasury rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12288" NEWID="7375">
+<DATE>19-MAR-1987 15:26:43.44</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>sprinkel</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2241&#31;reute
+u f BC-/SPRINKEL-URGES-GREAT   03-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPRINKEL URGES GREATER GROWTH IN JAPAN, EUROPE</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 19 - </DATELINE><BODY>Beryl Sprinkel, chairman of
+the president's council of economic advisors, said stronger
+domestic demand growth in Japan and Western Europe is needed to
+help stimulate U.S. exports without having to rely on futher
+dollar declines.
+    "Stronger domestic demand growth in the major foreign
+industrial countries is needed to engender the much needed
+expansion of U.S. export markets without having to rely on
+further dollar depreciation," he told the Futures Industry
+Association.
+    Sprinkel said the recent recovery of domestic demand in
+Japan and Europe has been one of the weakest in the post-war
+period.
+    "Stronger domestic demand growth in the major industrial
+countries would help give balance to the current world
+recovery," he said.
+    Asked if Japan was not living up to commitments made last
+month to trading partners, he said recent figures showed
+Japan's economy grew by about 0.5 pct in the fourth quarter of
+1986, "Not enough to sustain employment growth."
+    However, Sprinkel said Japan had not reneged on its pledges
+and was moving toward more stimulative policies, including tax
+reform. "I suspect there will be further moves," he said.
+    Sprinkel repeated his call for further cuts in U.S.
+government spending and for resistance to tax increases.
+    "Reducing the federal government budget deficit by
+expenditure restraint is needed to preserve the low marginal
+tax rates achieved by tax reform," he said, adding that "a vote
+to increase to government expenditures is a vote against tax
+reform."
+    Sprinkel said the fall of the dollar had substantially
+restored U.S. cost competitiveness and that the deterioration
+of the U.S. trade balance appeared to have abated.
+    However, he said that "sole reliance on dollar depreciation
+to reduce our trade deficit is not desirable," as it risks
+inflation in the United States and recession abroad.
+    "I am confident that further improvements in our trade
+performance will contribute significantly to growth in 1987," he
+said. Improvements in the U.S. trade balance, he said, will
+come about largely from a swing in manufactures trade and
+present "serious adjustment problems for U.S. trading partners."
+    Western Europe, where manufactures output and employment
+have been weak, promises to be especially hard hit by the
+improvement in the U.S. trade balance, Sprinkel said.
+    He defended flexible exchange rates saying wide swings in
+rates were not a fault of the system but of the undesirable
+policies that produced them.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12289" NEWID="7376">
+<DATE>19-MAR-1987 15:26:58.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2243&#31;reute
+u f BC-FLEET-FINANCIAL-&lt;FLT>   03-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLEET FINANCIAL &lt;FLT> MAY BE UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may upgrade Fleet Financial Group's 1.1 billion dlrs of debt.
+    Moody's cited Fleet's announced merger with Norstar Bancorp
+Inc &lt;NOR>. The rating agency said it will examine the degree to
+which the combined entity would have a more diversified
+earnings stream, balanced funding structure and enhanced equity
+base.
+    Fleet Financial has A-1 senior debt and preferred stock,
+A-2 subordinated debt and Provisional A-1 shelf registered
+securities. Moody's said Norstar's ratings have been under
+review for possible downgrade since February 23.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12290" NEWID="7377">
+<DATE>19-MAR-1987 15:27:12.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2245&#31;reute
+r f BC-PARIBAS-TO-SEEK-SHARE   03-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIBAS TO SEEK SHARE, BOND ISSUES</TITLE>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>Newly privatised financial services group
+Cie Financiere de Paribas &lt;PARI.PA> said it will call an
+extraordinary general meeting of shareholders for the
+authorisation to issue various share and bond issues over
+periods varying between one and five years.
+    It said in the Official Bulletin it would seek permission
+to increase capital, currently 2.33 billion francs, by up to
+two billion francs worth of new ordinary shares.
+    It also plans to ask for authorisation to issue up to one
+billion francs nominal of shares with share warrants and one
+billion francs nominal of warrants giving the right to
+subscribe to ordinary shares.
+    Paribas will also seek authorisation to issue bonds
+convertible at any moment into ordinary shares which would
+boost capital by a maximum of five billion francs, and up to
+ten billion francs nominal of bonds redeemable into ordinary
+shares.
+    It will also ask for authorisation to issue a maximum of
+ten billion francs nominal of bonds with share warrants, with a
+one billion franc nominal ceiling on shares that could be
+obtained through the exercise of the warrants.
+    The group will also ask for authorisation to issue in any
+currency bonds and warrants for a maximum of ten billion francs
+and to underwrite the issue of bonds and shares in any currency
+for a maximum of ten billion francs.
+    Finally it will ask for authorisation to issue certificates
+of deposit for a maximum of ten billion francs and to
+underwrite a similar maximum amount of certificates of deposit
+in all currencies.
+    A spokesman said the group had no immediate issue plans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12291" NEWID="7378">
+<DATE>19-MAR-1987 15:27:49.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2247&#31;reute
+u f BC-ALLEGHENY-INT'L-&lt;AG>   03-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY INT'L &lt;AG> BANKS EXTEND WAIVER</TITLE>
+<DATELINE>    PITTSBURGH, March 19 - </DATELINE><BODY>Allegheny International Inc said a
+consortium of banks which entered into long term and short term
+secured revolving credit agreements with the company last year
+has agreed to extend a previously granted waiver of certain
+financial net worth covenants to April 29 from March 18.
+    The company said last week it was seeking such a waiver.
+    AI is currently engaged in discussions with the consortium
+to extend the short term agreement beyond April 29 and expects
+such an extension will be obtained.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12292" NEWID="7379">
+<DATE>19-MAR-1987 15:29:10.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2251&#31;reute
+u f BC-BROWN-TRANSPORT-&lt;BTCI   03-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN TRANSPORT &lt;BTCI> SEES RECORD 1987 NET</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Brown Transport Co said it expects to
+report record 1987 results with revenues increasing to 214 mln
+dlrs and earnings per share between 1.25 dlrs and 1.30 dlrs.
+    Brown reported 1986 net income of 1.05 dlrs per share, or
+5.45 mln dlrs, on revenues of 191.7 mln dlrs.
+    Last week the company declared an initial quarterly
+dividend of four cts.
+    the company said it will begin paying a regular quarterly
+dividend in the second quarter but the board has not yet
+determined the exact amount.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12293" NEWID="7380">
+<DATE>19-MAR-1987 15:30:02.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2256&#31;reute
+u f BC-3M-&lt;MMM>-CANNOT-ACCOU   03-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>3M &lt;MMM> CANNOT ACCOUNT FOR STOCK RISE</TITLE>
+<DATELINE>    MINNEAPOLIS, March 19 - </DATELINE><BODY>Minnesota Mining and Manufacturing
+Co knows of no reason for the rise in its stock, trading at
+129, up 3-1/4 on the New York Stock Exchange, a company
+spokeswoman told Reuters.
+    She said the company had issued no news today that might
+account for the increase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12294" NEWID="7381">
+<DATE>19-MAR-1987 15:30:45.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2258&#31;reute
+h f BC-BOMBAY-(CURY)-BASES-G   03-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOMBAY &lt;CURY> BASES GROWTH ON LOCATION, COSTS</TITLE>
+<DATELINE>     DALLAS, March 19 - </DATELINE><BODY>Bombay Palace Restaurants Inc, with its
+emphasis on location and low food costs, expects its 1987 sales
+to increase 150 pct to about 22 mln dlrs from about 8.5 mln
+dlrs in 1986, according to President Sant S. Chatwal.
+     Chatwal told members of the Dallas financial community at
+a lunchtime briefing, "we go for prime locations everywhere and
+make sure our leases are very favorable."
+     As previously announced, the company expects to report
+1986 earnings of about 700,000 dlrs, or 31 to 33 cts a share,
+on revenues of 8.5 mln dlrs. Chatwal said the final figures
+would be released in about two days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12295" NEWID="7382">
+<DATE>19-MAR-1987 15:31:00.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2259&#31;reute
+u f BC-AMERITRUST-&lt;AMTR>-PRO   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERITRUST &lt;AMTR> PROPOSES 2-FOR-1 STOCK SPLIT</TITLE>
+<DATELINE>    CLEVELAND, March 19 - </DATELINE><BODY>AmeriTrust Corp said its board
+proposed a two-for-one split of its common, subject to
+stockholder approval at its May 14 annumal meeting.
+    The company also said it intends to recommend an increase
+in its annual regular dividend to at least two dlrs per share
+before the split, beginning with the May dividend. The current
+annual payout is 1.76 dlr per share.
+    AmeriTrust currently has about 20.9 mln shares outstanding
+with 25 mln authorized shares. It said shareholders will be
+asked to approve an increase in authorized common to 100 mln
+shares.
+    Ameritrust also said it will submit for shareholder
+approval an amendment to the company's charter regarding
+liability and indemnification of directors and a recommendation
+to create a classified board.
+    AmeriTrust's total year-end assets were over 11.1 billion
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12296" NEWID="7383">
+<DATE>19-MAR-1987 15:32:06.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2267&#31;reute
+u f BC-INT'L-LEASE-FINANCE-&lt;   03-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L LEASE FINANCE &lt;ILFC> DISCUSSING AIRBUS ORDER</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 19 - </DATELINE><BODY>International Lease
+Finance Corp is negotiating with &lt;Airbus Industrie> for
+additional orders of A320 and A330 jets, according to ILFC
+president Steven Udvar-Hazy.
+    ILFC, a commercial aircraft leasing concern, last week set
+conditional orders with Airbus, the European consortium, for
+three short-haul A320s and three A330s.
+    "We're negotiating with Airbus for additional units beyond
+those six planes," Udvar-Hazy told Reuters in an interview.
+"We're talking mainly about more A320s, but also about more
+A330s," he said. He declined to elaborate.
+    Reports in the French press today indicated that ILFC was
+close to signing an agreement to buy 27 of the A320 jets.
+    The total value of the order announced last week is 350 mln
+dlrs. The jets are scheduled for delivery beginning in 1991.
+However, the order for the A330s is conditional on a decision
+by the Airbus board to launch the plane.
+    Airbus has said it will decide by the end of this month
+whether to launch the medium range A330 and the companion, long
+range A340. It says it has 104 orders and options from nine
+airlines for the two planes.
+    ILFC is one of the launch customers for the A330,
+Udvar-Hazy noted.
+    Earlier today, Swissair dealt a blow to Airbus by opting to
+order six MD-11 long range aircraft from McDonnell Douglas Corp
+&lt;MD>, Airbus's rival in the competition to provide a long range
+passenger plane alternative to Boeing Co's &lt;BA> new versions of
+the 747.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12297" NEWID="7384">
+<DATE>19-MAR-1987 15:32:36.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2271&#31;reute
+r f BC-O'BRIEN-ENERGY-&lt;OBS>   03-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>O'BRIEN ENERGY &lt;OBS> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>O'Brien Energy Systems Inc is raising
+25 mln dlrs through an offering of convertible subordinated
+debentures due 2002 with a 7-3/4 pct coupon and par pricing,
+said sole underwriter Drexel Burnham Lambert Inc.
+    The debentures are convertible into the company's common
+stock at 10.925 dlrs per share, representing a premium of 15
+pct over the stock price when terms on the debt were set.
+    Non-callable for three years, the debt is rated B-3 by
+Moody's and CCC-plus by Standard and Poor's. The issue was
+increased from an initial offering of 20 mln dlrs because of
+investor demand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12298" NEWID="7385">
+<DATE>19-MAR-1987 15:32:47.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2273&#31;reute
+d f BC-FIRST-FEDERAL-OF-MICH   03-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL OF MICHIGAN &lt;FFOM> DIVIDEND HIKE</TITLE>
+<DATELINE>    DETROIT, March 19 -
+    </DATELINE><BODY>Qtly div 12 cts vs 10 cts previously
+    Pay May 11
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12299" NEWID="7386">
+<DATE>19-MAR-1987 15:33:14.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2274&#31;reute
+r f BC-UNITED-JERSEY-BANKS-&lt;   03-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED JERSEY BANKS &lt;UJB> TO MERGE TWO BANKS</TITLE>
+<DATELINE>    PRINCETON, N.J., March 19 - </DATELINE><BODY>United Jersey Banks said it
+plans to merge two of its southern New Jersey member banks into
+one 704 mln dlr organization.
+    It said United Jersey Bank/Fidelity Bank, based in
+Pennsauken, will be merged into United Jersey Bank/South in
+order to improve customer service and maximize efficiency
+throughout the southern New Jersey markets.
+    Raymond Silverstein, currently chairman of the board of
+United Jersey Bank/Fidelity, will be chairman of the merged
+bank, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12300" NEWID="7387">
+<DATE>19-MAR-1987 15:33:17.21</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2275&#31;reute
+f f BC-ussr-export-sale   03-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 900,000 TONNES CORN  SOLD TO THE USSR FOR 1986/87
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12301" NEWID="7388">
+<DATE>19-MAR-1987 15:34:10.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2276&#31;reute
+r f BC-HELDOR-INDUSTRIES-&lt;HL   03-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELDOR INDUSTRIES &lt;HLDR> 1ST QTR LOSS</TITLE>
+<DATELINE>    MORRISTOWN, N.J., March 19 -</DATELINE><BODY>Qtr ends Jan 31
+    Shr loss 38 cts vs loss 60 cts
+    Net loss 1,388,000 vs 2,181,000
+    Revs 8,199,000 vs 6,668,000
+    NOTE: 1987 qtr includes tax gain 964,000 for insurance
+claims.
+    1987 qtr also includes non-recurring expense 150,000 for
+discontinued operations and consolidation of four distribution
+service centers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12302" NEWID="7389">
+<DATE>19-MAR-1987 15:34:24.80</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2277&#31;reute
+f f BC-ussr-export-sale   03-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 350,000 TONNES CORN  SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12303" NEWID="7390">
+<DATE>19-MAR-1987 15:35:15.99</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2278&#31;reute
+f f BC-ussr-export-sale   03-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 143,000 TONNES CORN  SOLD TO TAIWAN FOR 1986/87, 1987/88
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12304" NEWID="7391">
+<DATE>19-MAR-1987 15:35:29.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2279&#31;reute
+u f BC-TALKING-POINT/AMERICA   03-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/AMERICAN EXPRESS &lt;AXP></TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    New York, March 19 - </DATELINE><BODY>American Express Co's plan to sell a
+stake in its Shearson Lehman Brothers is believed to be a
+prelude to a public offering of shares in the brokerage unit,
+analysts said.
+    American Express earlier said it has a general
+understanding with Nippon Life Insurance Co of Japan to sell a
+13 pct interest in Shearson for 530 mln dlrs.
+    The statement triggered a rise in other brokerage stocks,
+as investors speculated on the possibility of more investment
+in the U.S. brokerage industry by Japanese concerns.
+    The stocks of brokerage firms also climbed in response to
+the relatively high value Nippon put on its stake in the U.S.
+firm. Analysts said the 530 mln dlrs for 13 pct represents a
+price of 2.7 times book value.
+    Perrin Long of Lipper analytical said the brokerage stocks,
+depressed somewhat by the dark cloud of the U.S. insider
+trading scandal, closed out February at a market value of 1.8
+times book value.
+    American Express was trading today at 78-1/4, off 3/8. For
+the last several weeks, the stock has been strong on rumors of
+a spinoff of part of Shearson.
+    Analysts said American Express and its Shearson unit will
+benefit from the doors Nippon Life can open to the increasingly
+important Tokyo financial markets.
+    "I think this, in all honesty, is a preliminary step," said
+Long.
+    "What you will see probably in the future is American
+Express selling an additional 17 pct in the public market and
+have a public vehicle for Shearson," Long said.
+    "Normally, investors do not make a major capital commitment
+into an illiquid situation," he said of Nippon.
+    Some analysts previously speculated a 20 pct stake in
+Shearson might be sold to the public. They said the firm, like
+other investment banks, needs capital to expand globally.
+    American express has said the total employees of shearson
+will expand by 20 pct in 1987 internationally. However, that
+number is substantially lower than growth last year, a company
+spokesman said.
+    American Express officials would not comment beyond a
+statement made this morning. That statement, however, did not
+close off the possibility of a public offering or other option
+for Shearson.
+    David Anthony, a Smith Barney analyst, said it is possible
+Shearson would be partially sold to the public. But he believes
+the firm will digest the Nippon investment first.
+    "I think they'll figure out what they're going to do with
+the money they have," he said.
+    Joan Goodman, an analyst with Pershing and Co, also said
+American Express could determine to sell shares to the public.
+    In its statement, the financial services giant said it is
+continuing to study various plans for Shearson in addition to
+the investment by Nippon.
+    American Express said options under study range from
+expanding Shearson's capacity to meet international competition
+to broadening its access to capital.
+    American Express also said the options reflect the
+continuing integral role of Shearson in American Express'
+worldwide financial services strategy.
+    Shearson follows Goldman, Sachs and Co in finding a
+Japanese partner. Goldman last year sold a 12.5 pct stake to
+Sumitomo Bank in exchange for a 500 mln dlr capital infusion.
+    Analysts speculated there will be more such matches.
+    "Those (U.S. brokers) companies have the expertise. They
+don't have the money. There's just not enough internal capital
+growth," said Wertheim analyst James Hanbury, who follows other
+U.S. brokerage companies.
+    Hanbury said some Japanese companies, flush with cash, are
+interested in the expertise of American brokers. "Those
+(Japanese) companies have the capital and our companies have
+the capital needs and the growth opportunities to use the
+money. That's a nice marriage," he said.
+    Morgan Stanley and Co &lt;MS> rose 4-1/4 to 74-7/8. First
+Boston Corp &lt;FBC> was up one to 51-1/4. E.F. Hutton Group &lt;EFH>
+rose 1-1/4 to 41-1/8, and PaineWebber Group &lt;PWJ> climbed 7/8
+to 37-3/4. Merrill Lynch and Co, recommended today by a
+PaineWebber analyst, rose 2-5/8 to 45-3/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12305" NEWID="7392">
+<DATE>19-MAR-1987 15:35:37.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2280&#31;reute
+f f BC-******RJR-NABISCO-INC   03-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RJR NABISCO INC NOMINATES J. PAUL STICHT AS CHAIRMAN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12306" NEWID="7393">
+<DATE>19-MAR-1987 15:37:00.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2283&#31;reute
+r f BC-YAMAKAWA-MANUFACTURIN   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YAMAKAWA MANUFACTURING TO BUILD U.S. PLANT</TITLE>
+<DATELINE>    PORTLAND, Tenn., March 19 - </DATELINE><BODY>Yamakawa Manufacturing Corp of
+America said it began construction of a 17 mln dlrs
+manufacturing plant in Portland, Tenn.
+    The plant will produce metal parts for automobile
+manufacturers, including Nissan Motor Manufacturing Corp USA.
+    Long-term plans call for the addition of stamping
+capabilities and pressed plastic parts to its product line.
+    Assembly operations are expected to begin in October 1987.
+The plant is being built to employ 150 people.
+    Yamakawa is a wholly-owned subsidiary of Yamakawa
+Industrial Co Ltd of Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12307" NEWID="7394">
+<DATE>19-MAR-1987 15:40:02.88</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2287&#31;reute
+u f BC-ITALIAN-PANEL-URGES-G   03-19 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN PANEL URGES EXCHANGE LIBERALIZATION</TITLE>
+<DATELINE>    ROME, March 19 - </DATELINE><BODY>Liberalization of Italy's foreign exchange
+controls should be "gradual" but also "reasonably rapid," a report
+issued by a study committee nominated by the Italian Treasury
+Ministry said.
+   The report, looking at the country's financial development
+prospects, said Italy's large public sector deficit and growing
+public debt were among the considerations that made a gradual
+liberalization preferable.
+    The report also favoured retention of the lira's six pct
+oscillation band with the European Monetary System (EMS) during
+the liberalization process in order to lessen short-term
+domestic interest rate fluctuations which could result from
+portfolio adjustments.
+    The lira's fluctuation margin is currently significantly
+higher than that allowed for other EMS currencies.
+    Italy has over recent months announced a series of
+deregulation moves in response to a European Community
+directive aimed at creating a genuine common market in goods,
+services and finance by 1992.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12308" NEWID="7395">
+<DATE>19-MAR-1987 15:43:52.15</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2292&#31;reute
+b f BC-ussr-export-sale   03-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA REPORTS CORN SOLD TO USSR, TAIWAN</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>The U.S. Agriculture Department said
+private U.S. exporters reported new sales of 900,000 tonnes of
+corn to the Soviet Union and 350,000 tonnes of corn switched
+from previously announced unknown destinations to the USSR.
+    The corn is for delivery during the 1986/87 marketing year
+and under the fourth year of the U.S.-USSR Long Term Grain
+Supply Agreement, the USDA said.
+    The department said exporters also reported corn sales of
+143,000 tonnes for delivery to Taiwan, with 56,000 tonnes for
+shipment in the 1986/87 season and the balance for shipment in
+the 1987/88 year.
+    The marketing year for corn began September 1.
+    Sales of corn to the USSR for delivery during the fourth
+year of the agreement, which ends this September 30, now total
+2.25 mln tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12309" NEWID="7396">
+<DATE>19-MAR-1987 15:45:46.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2295&#31;reute
+u f BC-UAW-SETS-STRIKE-DATE   03-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW SETS STRIKE DATE AT GM &lt;GM> TRUCK PLANT</TITLE>
+<DATELINE>    DETROIT, March 19 - </DATELINE><BODY>The United Auto Workers has set a March
+26 strike deadline at General Motors Corp's Pontiac, Mich.,
+truck and bus plant, a UAW spokesman said.
+    The spokesman said in response to an inquiry that the 9,000
+UAW-represented workers at the facility will walk off the job
+at noon (EST) next Thursday if an agreement is not reached by
+that time.
+    "We will be on strike. If the workers are still in there,
+they will come out," the spokesman, Reginald McGhee, said.
+    The union earlier said it today notified GM of its intent
+to authorize a strike at the Pontiac facility.
+    The UAW gave GM what it calls a "five-day letter," which
+gives the company five days to come to an agreement before
+workers go on strike. The letter was effective at noon today.
+Weekend days are not included in the five-day period, McGhee
+said.
+    The spokesman could not say what the chances were for a
+settlement. "At this point, it's too early to say" whether the
+plant will be struck, McGhee said.
+    The UAW earlier said the strike notification is expected to
+"trigger an intensive effort to resolve disputed issues."
+    Talks between the UAW local at the plant, Local 594, and GM
+officials were continuing today over disputed contract issues,
+including the main issue of whether the company can subcontract
+jobs to non-union workers.
+    McGhee said the two sides are also discussing health and
+safety matters and relief time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12310" NEWID="7397">
+<DATE>19-MAR-1987 15:47:44.44</DATE>
+<TOPICS><D>heat</D><D>naphtha</D><D>jet</D><D>fuel</D></TOPICS>
+<PLACES><D>usa</D><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2303&#31;reute
+r f BC-CALTEX-RAISES-SINGAPO   03-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALTEX RAISES SINGAPORE OIL PRODUCT PRICES</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Caltex Petroleum Corp, a joint venture
+between Chevron Corp &lt;CHV> and Texaco Inc &lt;TX>, said it raised
+posted prices for several petroleum products in Singapore,
+effective today.
+     The company said its naphtha posting is up three cts a
+gallon to 43 cts. It said it is raising jet and kerosene
+postings 2.5 cts, bringing jet to 52.5 cts and kerosene to 51.5
+cts.
+    Diesel grades are up two cts, Caltex said, bringing both
+diesel gas oil (one pct sulfur) and 52-57 D.I. (55 cetane) to
+52 cts a gallon, and diesel gas oil (0.5 pct) to 52 cts.
+    The company said it is increasing medium and heavy fuel oil
+postings by one dlr a barrel. Medium is now 15.50 dlrs a
+barrel, and heavy fuel is 14.75 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12311" NEWID="7398">
+<DATE>19-MAR-1987 15:49:15.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2314&#31;reute
+h f BC-PENSION-INSURANCE-GRO   03-19 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE> PENSION INSURANCE GROUP &lt;PGAI> 4TH QTR NET</TITLE>
+<DATELINE>    VALLEY FORGE, Pa., March 19 -
+    </DATELINE><BODY>Shr profit two cts vs profit two cts
+    Net profit 216,000 vs profit 265,000
+    Revs 1,661,000 vs 1,376,000
+    12 mths
+    Shr profit four cts vs loss two cts
+    Net profit 528,000 vs loss 290,000
+    Revs 5,881,000 vs 5,541,000
+    NOTE: full name of company is pension insurance group of
+america inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12312" NEWID="7399">
+<DATE>19-MAR-1987 15:51:22.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2320&#31;reute
+b f BC-RJR-NABISCO-&lt;RJR>-NOM   03-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR NABISCO &lt;RJR> NOMINATES NEW CHAIRMAN</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., March 19 - </DATELINE><BODY>RJR Nabisco Inc said it
+nominated J. Paul Sticht to become chairman of the board,
+replacing J. Tylee Wilson, who will take early retirement.
+    Sticht retired as chairman and chief executive officer of
+R.J. Reynolds Industries Inc in 1983.
+    Sticht's appointment will be voted on by RJR's board at its
+regular meeting on April 22, the company said.
+    The company also said F. Ross Johnson, 55, president and
+chief executive officer, will assume the additional post of
+chairman of the executive committee, succeeding Sticht, who is
+69.
+    Wilson, 55, had said previously that he planned to take
+early retirement.
+    A company spokesman said Sticht will serve as chairman
+until April 1988, when he will retire. He said the appointment
+of Sticht was recommended by Johnson.
+    "These key management actions will significantly strengthen
+the company's leadership," Johnson said.
+    The company said James O. Welch, head of its Nabisco Brands
+unit, was named a vice chairman of the parent company.
+    It added that Robert J. Carbonell, an executive vice
+president, was promoted to the position of senior executive
+vice president of the parent.
+       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12313" NEWID="7400">
+<DATE>19-MAR-1987 15:51:44.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2322&#31;reute
+r f BC-FIRST-CITY-BANCORP-&lt;F   03-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CITY BANCORP &lt;FBT> SELLS ENERGY LOANS</TITLE>
+<DATELINE>    HOUSTON, March 19 - </DATELINE><BODY>First City Bancorp said two
+subsidiaries sold 54 mln dlrs of energy-related loans and loan
+participations to &lt;Prudential-Bache Energy Growth Fund LP
+G-One>.
+    The loans were made by First City National Bank of Houston
+and First City Energy Finance Co to energy-related entites that
+have had difficulty complying with First City's original loan
+provisions, the company said.
+    The company said it made the transaction without suffering
+a loss.
+    It said it has reduced the percentage of its energy related
+loans to its total loans to 14.7 pct at the end of 1986 from 26
+pct in 1982.
+    The Prudential-Bache Energy Growth Fund is a publicly owned
+limited partnership formed in February 1987. &lt;Prudential-Bache
+Properties Inc> and &lt;Graham Energy Ltd> are general partners.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12314" NEWID="7401">
+<DATE>19-MAR-1987 15:58:18.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>sprinkel</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2333&#31;reute
+u f BC-LATIN-POLICY-ADJUSTME   03-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATIN POLICY ADJUSTMENT URGED BY CEA'S SPRINKEL</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 19 - </DATELINE><BODY>Council of Economic Advisers
+Chairman Beryl Sprinkel called on Latin American governments to
+adopt sounder economic policies and said U.S. banks' loans to
+those countries had already been written down in an economic
+sense.
+    "Latin governments will have to adopt policies that promote
+growth for their own citizens," he said, adding that the record
+has been mixed.
+    Brazil, he said, recently has backtracked from better
+economic policies and "obviously they have to change."
+    Asked if U.S. banks ultimately would be forced to write
+down portions of their loans to Latin America, Sprinkel said,
+"In any realistic sense, economic sense, those loans have been
+written down."
+    The banks could not sell the loans at par, he said, and the
+price/earnings ratio of major banks' stocks has not been doing
+very well.
+    "Clearly the lenders have suffered," said Sprinkel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12315" NEWID="7402">
+<DATE>19-MAR-1987 16:01:02.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2339&#31;reute
+u f BC-TRANSAMERICA-&lt;TA>-BOA   03-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICA &lt;TA> BOARD TO BUY OWN STOCK</TITLE>
+<DATELINE>    SAN FRANCISCO, March 19 - </DATELINE><BODY>Transamerica Corp said its board
+authorized the repurchase of up to 2.2 mln shares of its
+outstanding stock in addition to the 1.5 mln shares previously
+authorized.
+    The company has 72.7 mln shares outstanding.
+    It said the reacquired 2.2 mln shares will be used to meet
+excercise requirements for its stock options plans, while the
+previously approved 1.5 mln shares may be used for employee
+benefit plan or other corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12316" NEWID="7403">
+<DATE>19-MAR-1987 16:01:21.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2340&#31;reute
+u f BC-PARIS-BOURSE-OPENING   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIS BOURSE LIBERALIZATION NOT LIMITED TO BANKS</TITLE>
+<DATELINE>    PARIS, March 19 - </DATELINE><BODY>Industrial and financial groups will be
+allowed to take a share in stockbrokers' capital when Paris
+Bourse regulations are liberalized beginning next year,
+Stockbrokers' Association chairman Xavier Dupont told a news
+conference.
+    Finance Minister Edouard Balladur announced on March 10
+that the monopoly of French stockbrokers to trade on domestic
+bourses will be phased out by January 1992, the date for the
+creation of a unified European financial market.
+    Balladur said that from January 1988, the capital of the
+brokerage houses would be opened French and foreign banks.
+    The minister did not specify which other institutions would
+be allowed to take stakes in the brokers' capital but said that
+from January 1, 1992, "access to the Bourse will be open to any
+new member under the control of the Bourse authority."
+    Dupont said that in opening up the capital of the 45 Paris
+brokerage houses, the stockbrokers' association had "killed one
+of its sacred cows."
+    Association officials said Dupont would meet all the
+stockbrokers on March 31 for an exchange of views on the
+measures to be taken and future of the Bourse.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12317" NEWID="7404">
+<DATE>19-MAR-1987 16:01:28.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>bermuda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2341&#31;reute
+u f BC-SEA-CONTAINERS-LTD-&lt;S   03-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEA CONTAINERS LTD &lt;SCR> 4TH QTR LOSS</TITLE>
+<DATELINE>    HAMILTON, Bermuda, March 19 -
+    </DATELINE><BODY>Shr loss 4.95 dlrs vs loss 75 cts
+    Net loss 48.2 mln vs loss 4,644,000
+    Revs 133.4 mln vs 135.6 mln
+    12 mths
+    Shr loss 6.28 dlrs vs profit 2.48 dlrs
+    Net loss 67.6 mln vs profit 25.7 mln
+    Revs 638.9 mln vs 573.1 mln
+    Avg shrs 10,771,260 vs 10,355,728
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12318" NEWID="7405">
+<DATE>19-MAR-1987 16:03:15.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D><D>argentina</D></PLACES>
+<PEOPLE><D>machinea</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2351&#31;reute
+r f BC-MEXICO-TO-SIGN-LOAN-A   03-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO TO SIGN LOAN AMID CALLS FOR CHANGE</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Mexico's 7.7 billion dlr loan package
+will be signed in New York tomorrow amid increasing calls from
+both creditors and debtors for a streamlining of the tortuous
+process of raising such jumbo loans, bankers said.
+    Pressure for change has mounted because the Mexican deal
+has been even more difficult to syndicate than bankers feared.
+    Several tentative signing dates had to be scrapped and even
+now, five months after the loan was agreed with a 13-bank
+advisory committee on October 16, dozens of Mexico's some 400
+creditor banks worldwide are still refusing to participate.
+    The resistance to the deal must be seen alongside the fact
+that it is the largest loan for a Latin American debtor since
+the region's debt crisis flared up in 1983. Mexico will also
+sign agreements to reschedule 52.3 billion dlrs of debt.
+    Moreover, as the first major package built on U.S. Treasury
+Secretary James Baker's strategy of offering loans to countries
+willing to implement market-oriented, pro-growth policies,
+intense market scrutiny was only to be expected.
+    Still, the split within the banks' ranks came as a shock.
+"This is not an unsuccessful operation, but we've had more
+bickering than ever," one senior banker commented.
+    Officers at small banks that have sold, swapped or or
+written down their Mexican loans say they see no reason why
+they should throw good money after bad.
+    Major lenders counter that small banks must share the
+responsibility of making new loans and cannot expect to keep
+receiving interest on old debt unless they join in new ones.
+    Assistant U.S. Treasury Secretary David Mulford said
+recently the reluctance of small banks at one point endangered
+the entire Mexican package. Things have improved, but money
+center bankers are determined to keep hounding recalcitrant
+banks even once the 7.7 billion dlr target has been reached.
+    The loan presently is about 98.5 pct committed. "People who
+are outside shouldn't think they've been saved once we get over
+7.7 (billion dlrs)," one warned.
+    But rounding up "free-rider" banks entails such a huge
+drain on management resources that more and more bankers are
+acknowledging that the syndicates may have to shrink.
+    One idea is to levy new loan contributions on the basis of
+current exposure instead of outstandings at an earlier "base"
+date - August 1982 in the case of Mexico. Another streamlining
+idea is to allow small banks to escape by swapping their loans
+for "exit bonds" that a debtor would issue at a discount.
+    Argentina has pressed for this solution, so far to no
+avail, arguing that the smallest 120 of its 360 bank creditors
+account for just one pct of its foreign bank debt and that the
+next 120 banks account only for a further six pct.
+    Central bank president Jose Luis Machinea said Argentina
+may not receive the 2.15 billion dlrs in bank loans it is
+seeking until September, which would be a year after
+negotiations began with the International Monetary Fund.
+    The protracted negotiations have damaged the confidence of
+investors in Argentina, forcing up interest rates and spurring
+capital flight, he said.
+    "We have to introduce some common sense into the
+discussion," Machinea said this week in Cambridge, Mass.
+    He was echoed by Mexico's deputy planning minister, Pedro
+Aspe Armella, who said the delay in signing his country's loan
+has made it difficult to map economic policy with any
+certainty. "It's a sad affair," he told the Cambridge meeting.
+    Bankers said Mexico became so frustrated with the delay in
+the loan that it suspended its debt-equity swap program last
+month to put pressure on the banks. Other strains have
+intensified between U.S. and non-U.S. banks, partly because
+U.S. regulations and accounting rules discourage writedowns.
+    Critics say this prompts U.S. banks to focus too much on
+ensuring steady interest payments from debtors in the short
+term, possibly to the detriment of longer-term solutions.
+    Because more than half of the banks baulking at the Mexican
+deal are American, some foreign bankers think other U.S. banks
+should make up the difference.
+    This issue of "national share" was defused on the Mexican
+committee but bankers say it will probably recur in talks with
+Argentina and Brazil, whose finance minister Dilson Funaro has
+already suggested separate negotiations with regional
+committees of creditors.
+    Streamlining of the new-money process is running parallel
+with efforts to develop a broader "menu" of alternatives to new
+loans, such as trade credits or debt-equity conversions.
+    "We must face the fact that greater flexibility in devising
+new money packages may, in effect, be essential to future bank
+syndications," Mulford said last week. He told the banks to
+stop complaining that there is no leeway in current procedures
+and to come up with ideas. Some steps have already been taken -
+interest payments for Chile have been stretched out and banks
+are debating whether to accept partial interest payments from
+the Philippines in paper instead of cash.
+    Because the banks want to isolate hard-line Brazil by
+clinching a deal with Argentina as soon as practicable, bankers
+said the Argentine package is likely to be along the
+established lines of the Baker Plan.
+    But some bankers are speculating that the Brazilian deal,
+when it comes, will be radically different.
+    As such, the loan for Mexico could go down in the history
+books as the biggest but also the last jumbo. "I'm convinced
+it'll be the last one in this form," one banker said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12319" NEWID="7406">
+<DATE>19-MAR-1987 16:03:33.42</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>nicaragua</D><D>brazil</D><D>colombia</D><D>mexico</D><D>guatemala</D><D>el-salvador</D><D>costa-rica</D><D>panama</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2352&#31;reute
+u f BC-latin-coffee-producer   03-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATIN COFFEE PRODUCERS SEEK ICO PRICE SUPPORT</TITLE>
+<DATELINE>    MANAGUA, March 19 - </DATELINE><BODY>This weekend's meeting of Latin
+American coffee producers here will call for the International
+Coffee Organisation (ICO) to start talks aimed at firming
+prices, Nicaraguan foreign trade minister Alejandro Martinez
+Cuenca said.
+    He said those countries which had confirmed their presence
+were Brazil, Mexico, Guatemala, El Salvador, Costa Rica and
+Panama. Colombia had been invited but he did not know if it
+would attend.
+    Martinez Cuenca told reporters central america alone had
+lost some 700 mln dlrs through the weakness of world coffee
+prices, partially caused by lack of an ICO quota agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12320" NEWID="7407">
+<DATE>19-MAR-1987 16:03:50.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2353&#31;reute
+r f BC-AMBASSADOR-FINANCIAL   03-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMBASSADOR FINANCIAL &lt;AFGI> UNIT TO BUY BUILDER</TITLE>
+<DATELINE>    TAMARAC, Fla., March 19 - </DATELINE><BODY>Ambassador Financial Group Inc
+said its Ambassador Real Estate Equities Corp, agreed to buy
+Heritage Quality Construction Co Inc.
+    Ambassador said its unit would purchase 100 pct of
+Heritage's stock for an initial payment of approximately
+500,000 dlrs and subsequent payments in cash over a five-year
+period equal to 50 pct of the net after-tax profit of Heritage.
+    If the acquisition is consummated, Ambassador said it
+agreed to contribute 250,000 dlrs to the existing capital of
+Heritage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12321" NEWID="7408">
+<DATE>19-MAR-1987 16:04:26.98</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2356&#31;reute
+r f BC-TRANSCO-PARTNERSHIP-(   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSCO PARTNERSHIP &lt;TXP> GAS RESERVES RISE</TITLE>
+<DATELINE>    HOUSTON, March 19 - </DATELINE><BODY>Transco Exploration Partners Ltd said
+participation in 14 new discoveries increased its proved gas
+reserves to 558.1 billion cubic feet in 1986, up from 541.5
+billion cubic feet in the previous year.
+    Proved reserves of liquids remained about the same at 25.1
+mln barrels, the company said in the 1986 annual just released
+by Transco Energy Co &lt;E>, the majority owner of the Transco
+Exploration partnership.
+    Transco said that anticipated oil and gas prices during
+1987 would continue to exert pressure on the profitability of
+most energy companies.
+    The Transco pipeline system reached permanent take-or-pay
+settlements on about half its committed gas deliverability and
+interim agreements for another 38 pct of its deliverability,
+the annual report said. The company said it paid a total of
+about 363 mln dlrs to producers through Februry one out of its
+550 mln dlr reserve to settle the take-or-pay disputes.
+    Transco said its gas pipeline delivered more than 1.2
+trillion cubic feet last year and its marketing affiliate sold
+an average of 1.6 billion cubic feet of gas per day.
+    The company's exploration partnership received an average
+price of 1.84 dlrs per mln cubic feet for gas sales during
+1986, down from 3.04 dlrs in 1985.
+    Sales of oil and condensate averaged 15.86 dlrs per barrel
+last year, down from 27.41 dlrs per barrel in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12322" NEWID="7409">
+<DATE>19-MAR-1987 16:05:26.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2359&#31;reute
+r f BC-PACIFICORP-&lt;PPW>-OFFE   03-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFICORP &lt;PPW> OFFERING OF DARTS UNDER WAY</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Pacificorp is offering 500 shares each
+of series A and series B Dutch Auction Rate Transferable
+Securities, or DARTS, said underwriting group co-managers
+Salomon Bros Inc and Goldman Sachs and Co.
+    Each share has a liquidation preference of 100,000 dlrs a
+share. The stock is being offered pursuant to a shelf
+registration statement filed on March 10.
+    The initial dividend rate for the series A DARTS will be
+4.70 pct per year, and the B DARTS, 4.75 pct a year. Dividends
+on the A and B stock are payable commencing May 18 and June
+eight, respectively, the co-managers said.
+    Proceeds from the offering will be added to the company's
+general funds, used to repay short-term borrowings or applied
+to new construction or other purposes, the co-managers of the
+underwriting group said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12323" NEWID="7410">
+<DATE>19-MAR-1987 16:06:06.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2362&#31;reute
+d f BC-&lt;royal-gold-and-silve   03-19 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ROYAL GOLD AND SILVER CORP> 1ST QTR NET</TITLE>
+<DATELINE>    TORONTO, March 19 - </DATELINE><BODY>ended January 31
+    Shr profit two cts vs loss one ct
+    Net profit 130,000 vs loss 46,000
+    Sales 5,042,000 vs nil
+    Note: 1987 includes gain of 112,000 dlrs from sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12324" NEWID="7411">
+<DATE>19-MAR-1987 16:08:40.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2369&#31;reute
+u f BC-L.-LURIA-&lt;LUR>-TO-SUP   03-19 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>L. LURIA &lt;LUR> TO SUPPLY NETWORK PROGRAM</TITLE>
+<DATELINE>    MIAMI LAKES, Fla, March 19 - </DATELINE><BODY>L. Luria and Son INc said it
+reached an agreement in principle to be the exclusive supplier
+of merchandise to be sold through a new game and home shopping
+television show being considered by a major television network.
+    The company declined to elaborate beyond this statement. It
+said the arrangement is subject to a formal agreement and board
+approval of the network and Luria.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12325" NEWID="7412">
+<DATE>19-MAR-1987 16:10:04.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2371&#31;reute
+r f BC-WESTCORP-&lt;WCRP>-UNIT   03-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTCORP &lt;WCRP> UNIT SELLS CAR LOAN BACKED BONDS</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Western Financial Auto Loans 2, a unit
+of Westcorp's Western Financial Savings Bank subsidiary, is
+offering 125 mln dlrs of bonds that are collateralized by car
+loan receivables, said sole underwriter Drexel Burnham.
+    A Drexel officer said that while today's issue is
+asset-backed, the debt is a bond, not a pass-through
+certificate like the so-called "cars" deals First Boston Corp
+popularized for General Motors Corp's &lt;GM> GMAC unit.
+    The Western Financial unit's securities have an average
+life of 1.4 years and mature March 1, 1990. They were priced to
+yield 6.86 pct, Drexel said.
+    The bonds have a 6-3/4 pct coupon and were priced at 99.938
+to yield 60 basis points more than Treasuries.
+    The debt has a quarterly payment schedule. Standard and
+Poor's rates the issue a top-flight AAA.
+    This is Western Financial Auto Loans' third such issue. All
+three were underwritten by Drexel, which is part of an elite
+group of Wall Street firms that have brought these asset-backed
+deals to market since early 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12326" NEWID="7413">
+<DATE>19-MAR-1987 16:11:25.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2376&#31;reute
+s f BC-JP-STEVENS-AND-CO-INC   03-19 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JP STEVENS AND CO INC &lt;STN> SETS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 19 -
+    </DATELINE><BODY>Qtrly div 30 cts vs 30 cts prior
+    Pay April 30
+    Record April 3
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12327" NEWID="7414">
+<DATE>19-MAR-1987 16:13:58.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2387&#31;reute
+u f BC-venezuela-approves-pl   03-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA APPROVES PLANS TO ISSUE NEW BONDS</TITLE>
+<DATELINE>    Caracas, march 19 - </DATELINE><BODY>venezuela approved plans to start
+negotiating foreign bond issues up to 400 mln dlrs in the
+dollar, deutschmark and yen markets, finance minister manuel
+azpurua said after an economic cabinet meeting.
+    He also said the the cabinet approved negotiations with
+foreign bank creditors to refinance 300 mln dlrs in banco de
+los trabajadores de venezuela (btv) debt, with a re-lending
+clause channeling back repayments through the state-owned banco
+industrial de venezuela (biv).
+    The btv refinancing carries an interest rate margin of 3/8
+pct over eight years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12328" NEWID="7415">
+<DATE>19-MAR-1987 16:14:39.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2390&#31;reute
+d f BC-BUDGET-RENT-A-CAR-TO   03-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUDGET RENT A CAR TO FILE INITIAL OFFERING</TITLE>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>Budget Rent a Car Corp said it intends
+to file a registration for an initial public offering of common
+shares.
+    It said the offering would solely be comprised of new stock
+issued by the company.
+    Budget was acquired on September 30, 1986 from Transamerica
+Corp &lt;TA> by an investor group led by Gibbons, Green van
+Amerongen and members of Budget's senior management.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12329" NEWID="7416">
+<DATE>19-MAR-1987 16:15:26.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM
+&#22;&#22;&#1;f2395&#31;reute
+r f AM-ECUADOR-OPEC   03-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC FUND APPROVES 100,000 DLR AID FOR ECUADOR</TITLE>
+<DATELINE>    VIENNA, March 19 - </DATELINE><BODY>The OPEC Fund for International
+Development approved 100,000 dlrs in aid for Ecuador, which was
+struck recently by an earthquake.
+    The Fund, which was set up by the 13 OPEC (Organization of
+Petroleum Exporting Countries) member states to help Third
+World development, said in a statement the money would be used
+to provide medical supplies for the earthquake victims.
+    Ecuador, itself a member of OPEC, suffered a major blow to
+its economy when the earthquake damaged a pipeline carrying
+crude oil, its chief export earner.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12330" NEWID="7417">
+<DATE>19-MAR-1987 16:15:41.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2396&#31;reute
+f f BC-******amex-short-inte   03-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMEX SHORT INTEREST UP 1,359,223 SHARES IN MID-FEBRUARY PERIOD
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12331" NEWID="7418">
+<DATE>19-MAR-1987 16:15:49.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2397&#31;reute
+w f BC-CHRYSLER-&lt;C>-TO-RUN-F   03-19 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> TO RUN FOUR PLANTS ON OVERTIME</TITLE>
+<DATELINE>    DETROIT, March 19 - </DATELINE><BODY>Chrysler Corp said it scheduled six of
+its seven U.S. car and truck assembly plants to operate the
+week of March 23, with four on overtime.
+    The company also said it scheduled two of its U.S. assembly
+plans to operate Saturday, March 21.
+    As previously reported, the Belvidere (Ill.) assembly plant
+is not scheduled to operate due to model changeover.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12332" NEWID="7419">
+<DATE>19-MAR-1987 16:16:15.18</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2399&#31;reute
+f f BC-******N.Y.-BUSINESS-L   03-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>N.Y. BUSINESS LOANS FALL 572 MLN DLRS IN MARCH 11 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12333" NEWID="7420">
+<DATE>19-MAR-1987 16:16:21.69</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2400&#31;reute
+f f BC-******U.S.-COMMERCIAL   03-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. COMMERCIAL PAPER RISES 2.98 BILLION DLRS IN MARCH 11 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12334" NEWID="7421">
+<DATE>19-MAR-1987 16:17:18.51</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2405&#31;reute
+b f BC-new-york-business-loa   03-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK BUSINESS LOANS DROP 572 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Commercial and industrial loans on the
+books of the 10 major New York banks, excluding acceptances,
+fell 572 mln dlrs to 64.297 billion in the week ended March 11,
+the Federal Reserve Bank of New York said.
+    Including acceptances, loans fell 475 mln dlrs to 65.16
+billion.
+    Commercial paper outstanding nationally increased 2.98
+billion dlrs to 339.00 billion.
+    National business loan data are scheduled to be released on
+Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12335" NEWID="7422">
+<DATE>19-MAR-1987 16:17:20.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2406&#31;reute
+f f BC-******NYSE-SHORT-INTE   03-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE SHORT INTEREST UP 11,203,287 SHARES FOR MONTH ENDED MARCH 15
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12336" NEWID="7423">
+<DATE>19-MAR-1987 16:23:49.29</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2428&#31;reute
+r f BC-AMOCO-&lt;AN>-OIL-RESERV   03-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> OIL RESERVES DOWN, GAS UP IN 1986</TITLE>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>Amoco Corp's petroleum liquids reserves
+total 2.42 billion barrels at the end of 1986, down from 2.77
+billion a year earlier, but its natural gas reserves increased
+to 15.37 trillion cubic feet from 15.14 trillion, the company's
+annual report said.
+    It said the drop in crude oil and natural gas liquid
+reserves reflected downward revisions of previous estimates
+caused by the sharp drop in oil prices last year. This
+accounted for 178 mln barrels of a worldwide downward revision
+of 188 mln barrels, with 158 mln barrels of the total revision
+occurring in the United States, the report said.
+    Amoco said there were upward revisions in the size of its
+worldwide gas reserves totalling 404 billion cubic feet last
+year, while it discovered 568 billion cubic feet and purchased
+298 billion cubic feet of reserves.
+    Production of one trillion cubic feet offset much of these
+gains, the report said.
+    All of the gas reserve purchases, as well as all of the 14
+mln barrels of oil reserves bought in 1986, were in the United
+States, Amoco said, noting it has spent 1.1 billion dlrs to
+acquire U.S. producing properties over the past three years.
+    Commenting on 1987, Amoco said acquisitions "will be an
+integral part of our strategy, should reserves become available
+at attractive prices."
+    The company said it expects "the marketing climate for
+natural gas to improve in 1987, which should provide the
+opportunity for Amoco to expand sales. As prices and demand
+improve, we are poised to accelerate capital spending on our
+inventory of attractive opportunities."
+    Amoco previously announced a 1987 capital spending budget
+of 3.2 billion dlrs. Such spending totaled 3.18 billion dlrs
+last year, down from 5.31 billion in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12337" NEWID="7424">
+<DATE>19-MAR-1987 16:28:41.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2441&#31;reute
+r f BC-caisse   03-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBEC CAISSE EARNS THREE BILLION DLRS IN 1986</TITLE>
+<DATELINE>    MONTREAL, March 19 - </DATELINE><BODY>Caisse de depot et placement du
+Quebec, the government agency which manages the province's
+pension funds, said its investment portfolio earned a net
+profit of almost three billion Canadian dlrs in 1986, an
+increase of 300 mln dlrs over 1985.
+    The agency said in its annual statement that it had assets
+with a total book value of 25 billion dlrs, or a market value
+of 28 billion dlrs, at the end of 1986.
+    These holdings had a rate of return of 13.5 pct in the
+year, which was below the Caisse's average return of 16 pct in
+the past four years and 14.2 pct in the past eight years.
+    The Caisse said foreign equity investments represented 3.6
+pct of total assets, while U.S. government securities accounted
+for another 5.2 pct of the overall portfolio.
+    The agency's holding of U.S. government securities yielded
+a return of 20.7 pct for the year, significantly more than
+either the 14.1 pct earned on the total bond portfolio or the
+13.5 pct for all funds under management.
+    "These high liquidity securities, which are held on a
+temporary basis and for purposes of strategy and the protection
+of the overall bond portfolio, have been efficient," the agency
+said of the U.S. securities.
+    The agency said it has 7.9 billion dlrs invested in
+Canadian private sector businesses after channeling 965 mln
+dlrs of new funds into this area in 1986.
+    The Caisse said it acquired 825 mln of new Government of
+Quebec bonds and 342 mln dlrs of new securities from other
+Quebec government issuers during the year.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12338" NEWID="7425">
+<DATE>19-MAR-1987 16:31:09.46</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2442&#31;reute
+f f BC-******U.S.-M-1-MONEY   03-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. M-1 MONEY SUPPLY RISES 500 MLN DLRS IN MARCH 9 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12339" NEWID="7426">
+<DATE>19-MAR-1987 16:31:15.27</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2443&#31;reute
+f f BC-******U.S.-BANK-DISCO   03-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BANK DISCOUNT BORROWINGS AVERAGE 228 MLN DLRS A DAY IN MARCH 18 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12340" NEWID="7427">
+<DATE>19-MAR-1987 16:31:29.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2444&#31;reute
+r f BC-ASEA-GROUP-&lt;ASEAY>-SE   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASEA GROUP &lt;ASEAY> SEES FLAT 1987 EARNINGS</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Asea Group, the diversified industrial
+concern based in Vasteras, Sweden, said it expects 1987
+earnings, after financial income and expense, to be flat
+compared with 1986, when it earned 2.53 billion Swedish crowns,
+or 371.1 mln dlrs.
+    A company spokesman said 1986 results were boosted
+significantly by the booking of two large orders for nuclear
+power plants.
+    This gain, he said, will be balanced in 1987 by a return to
+profitability by Asea's power transmission segment, which had a
+loss of 183 mln crowns, or 26.9 mln dlrs, last year.
+    Currency conversions were made at 6.81 crowns to the dlr.
+    The spokesman said the company has built up a strong
+backlog of orders that will contribute to earnings in 1988 and
+beyond.
+    At yearend 1986, Asea's order backlog stood at 32.7 billion
+crowns, or 4.8 billion dlrs, up from 30.9 billion, or 4.5
+billion dlrs, at the end of 1985.
+    Asea has operations in power generation and transmission,
+transportation equipment, pollution control and robotics.
+    Total sales in 1986 were 46 billion crowns, or 6.8 billion
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12341" NEWID="7428">
+<DATE>19-MAR-1987 16:32:06.12</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2446&#31;reute
+b f BC-u.s.-bank-borrowings   03-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANK DISCOUNT BORROWINGS 228 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>U.S. bank discount window borrowings
+less extended credits averaged 228 mln dlrs in the week to
+Wednesday March 18, the Federal Reserve said.
+    Total borrowings in the week rose 83 mln dlrs to 502 mln
+dlrs, with extended credits up three mln dlrs at 274 mln dlrs.
+The week was the first half of a two-week statement period. Net
+borrowing in the prior week averaged 148 mln dlrs.
+    Commenting on the two-week statement period that ended on
+March 11, the Fed estimated that banks had daily average net
+free reserves of 759 mln dlrs rather than the 660 mln dlrs
+first reported.
+    A Fed spokesman told a press briefing that there were no
+large single day net misses in the Fed's reserve projections in
+the first week of the latest bank statement period.
+    None of the 14 large money center banks borrowed from the
+discount window during the week and all of the Wednesday
+borrowing was made by the smallest banks. For the week as a
+whole, the borrowing was split roughly evenly between the large
+regionals and the small banks.
+    Natural float ranged from a low of near zero on Thursday --
+for which the Fed spokesman could give no particular reason --
+to a high of nearly 750 mln dlrs on Tuesday.
+    The Tuesday peak included about 100 mln dlrs of
+transportation float in mid- and south-Atlantic states. Noting
+that the weather was "basically good" for March, the spokesman
+said that transportation float averaged under 500 mln dlrs a
+day for the full week.
+    Float related as-ofs were a negative 400 mln dlrs on
+Wenesday due to a number of unrelated cash letter error
+corrections in five districts.
+    As-ofs peaked at just over 500 mln dlrs on Tuesday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12342" NEWID="7429">
+<DATE>19-MAR-1987 16:32:41.50</DATE>
+<TOPICS><D>money-fx</D><D>stg</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2449&#31;reute
+u f BC-LAWSON-REPEATS-HE-IS   03-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON REPEATS HE IS CONTENT WITH STERLING LEVEL</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+today repeated that he was satisfied with the current level of
+sterling, both against the dollar and the West German mark.
+    Lawson said in a television interview that he did not
+regard the pound's present exchange rate was uncomfortably
+high.
+    "I think it is round about right," he said.
+    "I think there was a time that they (British manufacturers)
+thought the (exchange) rate was uncomfortably high. But I think
+they are very satisfied with the present level."
+    "But I have made it absolutely clear that I don't want to
+see the pound go through the roof," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12343" NEWID="7430">
+<DATE>19-MAR-1987 16:33:33.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2454&#31;reute
+u f BC-BETHLEHEM-STEEL-&lt;BS>   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BETHLEHEM STEEL &lt;BS> SAYS LIQUIDITY ADEQUATE</TITLE>
+<DATELINE>    BETHLEHEM, Penn., March 19 - </DATELINE><BODY>Bethlehem Steel Corp said it
+was disappointed by the downgrading of its debentures by
+Standard and Poor's Investment Service.
+    "We believe their action is inappropriate in view of the
+stability we are experiencing in the market, the realization of
+the anticipated improvements in our steel operations, and our
+current liquidity level," the company said.
+    It said its position of cash and marketable securities
+increased to 463 mln dlrs at year-end 1986 from 99 mln dlrs a
+year earlier. "We expect to maintain an adequate level of
+liquidity through 1987," it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12344" NEWID="7431">
+<DATE>19-MAR-1987 16:33:42.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2455&#31;reute
+d f BC-GREYHOUND-LINES-SLASH   03-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREYHOUND LINES SLASHES FARES</TITLE>
+<DATELINE>    DALLAS, March 19 - </DATELINE><BODY>Greyhound Lines said, on its first day
+under new management, it slashed fares on 166 of its shorter
+routes, many by 50 pct or more.
+    On Wednesday, Greyhound Corp &lt;G> completed the sale of its
+Greyhound Lines subsidiary to GLI Holdings Inc for 350 mln dlrs
+in cash, securities, royalties and other considerations.
+    Most of the routes affected are 100 miles or less and
+connect cities and towns throughout the country and include
+routes serving suburban terminals, colleges, military bases and
+resort locations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12345" NEWID="7432">
+<DATE>19-MAR-1987 16:33:54.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2457&#31;reute
+d f BC-BUTLER-NATIONAL-CORP   03-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUTLER NATIONAL CORP &lt;BUTL> 3RD QTR JAN 31</TITLE>
+<DATELINE>    KANSAS CITY, Mo., March 19 -
+    </DATELINE><BODY>Shr profit nil vs loss one ct
+    Net profit 1,136 vs loss 42,840
+    Revs 1,490,718 vs 1,151,176
+    Nine mths
+    Shr profit three cts vs profit five cts
+    Net profit 89,900 vs profit 150,523
+    Revs 4,520,393 vs 4,078,441
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12346" NEWID="7433">
+<DATE>19-MAR-1987 16:34:37.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2460&#31;reute
+d f BC-FCS-&lt;FCSI>-RECEIVES-M   03-19 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FCS &lt;FCSI> RECEIVES MERGER PROPOSAL</TITLE>
+<DATELINE>    FLEMINGTON, N.J., March 19 - </DATELINE><BODY>FCS Laboratories said its
+investment banker, Butcher and Singer Inc, received a
+preliminary merger proposal from another company in the
+healthcare field.
+    FCS said that if various aspects of the proposal are better
+defined, its board may consider it. FCS said merger
+negotiations with this other company have been continuing since
+late August.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12347" NEWID="7434">
+<DATE>19-MAR-1987 16:35:01.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2462&#31;reute
+h f BC-MMR-HOLDING-CORP-INIT   03-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MMR HOLDING CORP INITIAL OFFERING PRICED</TITLE>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>The initial public offering of 1.1 mln
+shares of MMR Holding Corp common stock was priced at 13.50
+dlrs a share, said William Blair and Co and Howard, Weil,
+Labouisse, Friedrichs Inc, co-managers of the underwriting
+group.
+    All shares will be sold by the company.
+    Based in Baton Rouge, La., MMR is an electrical and
+mechanical specialty contractor. Its fiscal 1986 contract
+revenues were 135.2 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12348" NEWID="7435">
+<DATE>19-MAR-1987 16:35:15.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2463&#31;reute
+u f BC-FLEET&lt;FLT>,-NORSTAR&lt;N   03-19 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLEET&lt;FLT>, NORSTAR&lt;NOR> S/P RATINGS UNAFFECTED</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Standard and Poor's Corp said the
+merger agreement between Fleet Financial Group and Norstar
+Bancorp Inc would not affect the firms' current ratings because
+the merger cannot take place until July 1988.
+    It said any rating change until then would depend on each
+individual bank holding company. S and P noted that the
+combined entity would have assets of more than 24 billion dlrs,
+making it one of the largest U.S. bankholding companies.
+    Fleet has A-plus senior debt, A subordinated debt and A-1
+commercial paper. Norstar carries AA senior debt, AA-minus
+subordinated debt, A-plus preferred stock and A-1-plus paper.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12349" NEWID="7436">
+<DATE>19-MAR-1987 16:35:38.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2464&#31;reute
+b f BC-******GM-TO-IDLE-3,50   03-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM TO IDLE 3,500 WORKERS AT LANSING, MICH., RETURN 3,500 OTHERS TO WORK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12350" NEWID="7437">
+<DATE>19-MAR-1987 16:37:02.04</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2470&#31;reute
+b f BC-u.s.-money-supply-m-1   03-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. M-1 MONEY SUPPLY RISES 500 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>U.S. M-1 money supply rose 500 mln
+dlrs to a seasonally adjusted 738.7 billion dlrs in the March 9
+week, the Federal Reserve said.
+    The previous week's M-1 level was revised to 738.2 billion
+dlrs from 738.0 billion, while the four-week moving average of
+M-1 rose to 738.2 billion dlrs from 737.2 billion.
+    Economists polled by Reuters said that M-1 would be
+anywhere from unchanged to up five billion dlrs. The average
+forecast called for a 2.3 billion dlr increase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12351" NEWID="7438">
+<DATE>19-MAR-1987 16:37:17.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2472&#31;reute
+h f BC-ART'S-WAY-MANUFACTURI   03-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ART'S-WAY MANUFACTURING CO &lt;ARTW> 3RD QTR NET</TITLE>
+<DATELINE>    ARMSTRONG, IOWA, March 19 -
+    </DATELINE><BODY>Shr profit 58 cts vs loss 11 cts
+    Net profit 726,000 vs loss 145,000
+    Sales 4,958,000 vs 2,783,000
+    Nine Mths
+    Shr profit 1.08 dlrs vs loss 80 cts
+    Net profit 1,359,000 vs loss 1,013,000
+    Sales 12.6 mln vs 7,145,000
+    NOTE: Fiscal 1987 net profit includes tax credits of
+372,000 dlrs in the quarter and 643,000 dlrs in the nine
+months.
+    Periods end February 28, 1987 and 1986, respectively.
+    Art's-Way Manufacturing Co Inc is full name of company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12352" NEWID="7439">
+<DATE>19-MAR-1987 16:38:47.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2476&#31;reute
+r f BC-PSE-INC-&lt;POW>-4TH-QTR   03-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PSE INC &lt;POW> 4TH QTR</TITLE>
+<DATELINE>    HOUSTON, March 19 -
+    </DATELINE><BODY>Shr loss 18 cts vs profit 11 cts
+    Net loss 1.5 mln vs profit 868,000
+    Revs 29.3 mln vs 41.1 mln
+    Year
+    Shr loss 41 cts vs profit five cts
+    Net loss 3.1 mln vs profit 409,000
+    Revs 99.2 mln vs 231.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12353" NEWID="7440">
+<DATE>19-MAR-1987 16:45:27.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2497&#31;reute
+u f BC-GM-&lt;GM>-TO-IDLE-3,500   03-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> TO IDLE 3,500 WORKERS</TITLE>
+<DATELINE>    DETROIT, March 19 - </DATELINE><BODY>General Motors Corp said it will lay
+off 3,500 workers temporarily at one of its car assembly plants
+on March 23, the same day that 3,500 other workers will return
+to work.
+    The number one U.S. automaker, in announcing its plant
+schedule for the week of March 23, said no further indefinite
+layoffs are expected for that week. The number of GM workers
+that have been put on indefinite layoff status remains at
+37,000, a spokeswoman said.
+    GM said it will idle the 3,500 workers at its Lansing,
+Mich., Buick-Oldsmobile-Cadillac plant, which will be shut down
+from March 23 until April 6 for inventory adjustment.
+    Also on March 23, work will resume at GM's Norwood, Ohio,
+Chevrolet-Pontiac-GM of Canada plant and 3,500 hourly employees
+there will return to work. The plant had been idled due to a
+shortage of materials.
+    The number of workers on temporary layoff remains at 7,600,
+the spokeswoman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12354" NEWID="7441">
+<DATE>19-MAR-1987 16:46:40.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2499&#31;reute
+r f BC-wardair   03-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WARDAIR INTERNATIONAL LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 19 -
+    </DATELINE><BODY>Shr 12.84 dlrs vs 3.07 dlrs
+    Net 46,054,000 vs 11,026,000
+    Revs 491.1 mln vs 473.9 mln
+    NOTE: Current net includes gain of 8.51 dlrs a share on
+disposal of assets.
+    M.W. Ward holds 62 pct voting interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12355" NEWID="7442">
+<DATE>19-MAR-1987 16:48:31.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>bermuda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2501&#31;reute
+u f BC-SEA-CONTAINERS-&lt;SCR>   03-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEA CONTAINERS &lt;SCR> EXPECTS BETTER FIRST QTR</TITLE>
+<DATELINE>    HAMILTON, Bermuda, March 19 - </DATELINE><BODY>Sea Containers Ltd predicted
+its first quarter fiscal 1987 net earnings would improve by 10
+mln dlrs over the same period a year ago.
+    The company said 1987 got off on a much better footing than
+fiscal 1986, from which the company recorded a loss of 67.6 mln
+dlrs, or 6.28 dlrs per share, on revenues of 641.4 mln dlrs.
+    James Sherwood, president of the company, said he expects
+to record a loss of approximately 12 mln dlrs for the first
+quarter, compared to losses of approximately 22 mln dlrs for
+first quarter fiscal 1986.
+    The company emphasized the first quarter is a traditionally
+slow period for the ferry industry, which is  part of Sea
+Containers' business.
+    Sherwoood said the company's losses were largely
+attributable to non-recurring events and provisions. He cited
+the default of 15 container leasees and ship charterers,
+costing the company approximately 25 mln dlrs.
+    He also cited a 23 mln dlr cost as a result of a closing
+two of its subsidiary's ferry services, and a 10.3 mln dlr
+provision to cover losses on the sale of container assets and
+severance pay costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12356" NEWID="7443">
+<DATE>19-MAR-1987 16:48:44.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2502&#31;reute
+u f BC-FIRST-INTERSTATE   03-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST INTERSTATE &lt;I> ESTIMATES BRAZIL RISKS</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>First Interstate Bancorp said its
+1987 pre-tax income could be reduced by about 33.5 mln dlrs if
+it decides to reclassify its 339 mln dlrs in medium- to
+long-term loans to Brazil as nonperforming.
+    But the company stressed in a filing with the Securities
+and Exchange Commission that it believes it is too soon to
+reclassify the debt, despite Brazil's Feb 20 suspension of
+direct interest payments on medium- and long-term loans.
+    "The corporation believes that it is premature to make a
+decsion to classify such medium- and long-term debt as
+nonperforming at this time," First Interstate said.
+    But First Interstate said that if Brazil's suspension of
+interest payments continues, it may have to reclassify its
+loans as nonperforming and place them on non-accrual, meaning
+that interest previously accrued but not paid would be deducted
+from net income and interest would no longer be accrued.
+    Besides its medium- and long-term debt, First Interstate
+said it also has 165 mln dlrs in short-term loans or trade
+lines in Brazil.
+    As of Dec 31, 1986, nonperforming Brazilian outstandings
+were about 4.1 mln dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12357" NEWID="7444">
+<DATE>19-MAR-1987 16:49:17.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2505&#31;reute
+r f BC-AMERICAN-HOME-SHIELD   03-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN HOME SHIELD CORP &lt;AHSC> 4TH QTR NET</TITLE>
+<DATELINE>    SANTA ROSA, Calif., March 19 -
+    </DATELINE><BODY>Shr profit 15 cts vs profit 15 cts
+    Net profit 1,025,000 vs profit 969,000
+    Revs 10.9 mln vs 7.8 mln
+    12 mths
+    Shr profit 33 cts vs loss one cts
+    Net profit 2,375,000 vs profit 90,000
+    Revs 38.2 mln vs 20.3 mln
+    NOTE: Revenues figure shows contract revenue, not gross
+contracts written.
+    Fourth quarter and full year 1986 includes extraordinary
+gain of 501,000 dlrs and 1,040,000 dlrs, respectively, from tax
+loss carryforwards.
+    Per share figures come after preferred dividend
+requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12358" NEWID="7445">
+<DATE>19-MAR-1987 16:50:33.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2511&#31;reute
+d f BC-SEC-OFFICIAL-PROPOSES   03-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC OFFICIAL PROPOSES EQUITY, FUTURES TRADE HALT</TITLE>
+<DATELINE>    BOCA RATON, Fla, March 19 - </DATELINE><BODY>Securities and commodity
+exchanges should consider establishing a mechanism for halting
+trading of equities, futures and options when there is unusual
+price volatility, a top Securities and exchange, SEC, official
+said.
+    Richard Ketchum, director of the SEC's division of market
+regulation, said a "short, system-wide halt" of trading of
+stocks, futures contracts and options on futures contracts
+would "let everyone get a breath" in especially volatile
+markets.
+    Ketchum made his remarks in connection with a Futures
+Industry Association panel discussion on stock index futures
+and stock market volatility.
+    The SEC official did not attempt to define "volatile"
+markets.
+    Commodity Futures Trading Commission Chairman Susan
+Phillips later told reporters that exchanges already have the
+authority to halt trading if an emergency is declared.
+    But she said Ketchum's proposal was "something to look at"
+and that she expected the exchanges to explore procedures for
+making order imbalances public.
+    William Brodsky, president of the Chicago Mercantile
+Exchange, CME, told Reuters that considering Ketchum's proposal
+would be a "worthwhile exercise," but that implementation of a
+trading halt mechanism posed "major, philosophical, economic
+questions."
+    Ketchum said price limits on contracts "are not
+particularly useful in dealing with volatility."
+    Earlier, Brodsky announced the CME board of directors had
+decided last Tuesday to drop a plan to set a 12-point limit on
+the daily price movement of its Standard &amp; Poor's 500 contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12359" NEWID="7446">
+<DATE>19-MAR-1987 16:56:42.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2526&#31;reute
+r f BC-P.S.-INDIANA-&lt;PIN>-TO   03-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>P.S. INDIANA &lt;PIN> TO REDEEM DOUBLE-DIGIT DEBT</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Public Service Co of Indiana Inc said
+it acted today to replace 35 mln dlrs in existing debt,
+estimating that would save it about 1.8 mln dlrs a year.
+    The utility said it plans to issue a 35 mln dlr, 7.6 pct
+first mortgage bond, Series NN, due 2012 to the city of
+Princeton, Ind. The Series NN bonds will serve as collateral to
+Princeton's equal-sized pollution control bond issue that are
+expected to have the same interest rate.
+    Proceeds from this issue will be used to redeem the
+utility's 12-3/4 pct bonds that serve as collateral for
+Princeton's same-rate pollution control bonds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12360" NEWID="7447">
+<DATE>19-MAR-1987 16:57:13.38</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2527&#31;reute
+d f BC-MAJOR-HOME-APPLIANCE   03-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR HOME APPLIANCE SHIPMENTS UP IN FEBRUARY</TITLE>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>Shipments of major home appliances in
+February rose 9.1 pct to 3.5 mln, up from 3.2 mln a year ago,
+reported the Association of Home Appliance Manufacturers.
+    It said year to date, total major appliance shipments rose
+11.4 pct to 7.6 mln from 6.8 mln a year earlier.
+    It said strong shipment gains in four of the five appliance
+categories resulted in the unprecedented monthly levels, with
+records set for shipments of refrigerators, automatic washers,
+disposers, dryers and dishwashers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12361" NEWID="7448">
+<DATE>19-MAR-1987 16:57:20.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2528&#31;reute
+h f BC-gulf-canada-charged-w   03-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF CANADA &lt;GOC> CHARGED WITH WASTE DUMPING</TITLE>
+<DATELINE>    Edmonton, Alberta, March 19 - </DATELINE><BODY>The federal environment
+department said it charged Gulf Canada Corp with eight counts
+of waste dumping into the Beaufort Sea.
+    The dumping is alleged to have occurred September 23-30,
+1986, and Gulf faces a maximum 50,000 dlr fine on each count,
+according to the department.
+    The department said Gulf allegedly dumped tons of powdered
+cement and drilling mud containing mercury and trace metals
+into the Beaufort at its Amauligak drilling site.
+     Gulf Canada spokesman Ash Bhasin said the company has been
+advised of the charges, but cannot comment further.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12362" NEWID="7449">
+<DATE>19-MAR-1987 17:04:11.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2537&#31;reute
+d f BC-TRIANGLE-HOME-PRODUCT   03-19 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIANGLE HOME PRODUCTS INC &lt;THP> 4TH QTR LOSS</TITLE>
+<DATELINE>    CHICAGO, March 20 - 
+    </DATELINE><BODY>Shr loss 17 cts vs loss 19 cts
+    Net loss 213,000 vs loss 217,000
+    Sales 6,788,000 vs 6,254,000
+    Year
+    Shr loss 22 cts vs loss five cts
+    Net loss 270,000 vs loss 61,000
+    Sales 27.0 mln vs 27.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12363" NEWID="7450">
+<DATE>19-MAR-1987 17:08:43.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2551&#31;reute
+r f BC-BANK-FAILURE-WAS-16TH   03-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK FAILURE WAS 16TH IN TEXAS</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>The Federal Deposit Insurance Corp.
+said the Red River National Bank of Clarksville, Tex., failed
+and its assets were taken over by State Bank of DeKalb, Tex.
+    The failure was the 45th bank in the nation and 16th in
+Texas.  The FDIC has assisted two more banks with funds to
+enable them to keep operating.
+    Red River bank's two offices will reopen tomorrow as
+branches of the assuming bank. It had assets of 22.6 mln dlrs.
+    The FDIC was named receiver and will receive a purchase
+premium of 251,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12364" NEWID="7451">
+<DATE>19-MAR-1987 17:10:53.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2554&#31;reute
+r f BC-UNITED-STEELWORKES-SA   03-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED STEELWORKES SAYS DUE PROCESS DENIED</TITLE>
+<DATELINE>    PITTSBURGH, March 19 - </DATELINE><BODY>The United Steelworkers of America
+said that bankruptcy Judge Burton Liflands's refusal to act on
+a union lawsuit was "a gross denial of due process for 47,000
+retired employees of LTV Steel."
+    The union is seeking an injunction that would require LTV
+Corp &lt;QLTV> to reinstate 400 dlr monthly supplements to about
+7,000 retirees. The union said that the judge, at the request
+of the &lt;Pension Benefit Guaranty Corp>, delayed proceedings
+until May four. It said the case was originally to have been
+heard on February 27.
+    The union said LTV stopped making monthly payments in
+February after Pension went before Lifland and received
+permission to terminate LTV pension plans covering 47,000
+retired hourly workers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12365" NEWID="7452">
+<DATE>19-MAR-1987 17:13:23.16</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2559&#31;reute
+r f BC-REICHHOLD-&lt;RCI>-RAISE   03-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REICHHOLD &lt;RCI> RAISES SOME MATERIALS PRICES</TITLE>
+<DATELINE>    DOVER, Del., March 19 - </DATELINE><BODY>Reichhold Chemicals Inc said its
+emulsion polymers division increased by nine cts per dry pound
+the prices of all styrene-butadiene and polystyrene latexes,
+effective May 1.
+    It said the increase is in addition to recently announced
+increases and applies to carpet, paper, nonwovens, textiles,
+adhesives and other specialty end uses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12366" NEWID="7453">
+<DATE>19-MAR-1987 17:16:44.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f2565&#31;reute
+r f BC-TRI-STAR-&lt;TRSP>-BUYS   03-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRI-STAR &lt;TRSP> BUYS CINEPLEX THEATER</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Tri-Star Pictures Inc said it agreed
+to acquire the Roosevelt Field Century Theatre from Canada's
+Cineplex Odeon Corp's RKO Century Warner Theatres Inc for 17
+mln dlrs.
+    The recently refurbished and expanded theater is located in
+Garden City, N.Y..
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12367" NEWID="7454">
+<DATE>19-MAR-1987 17:20:23.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2573&#31;reute
+d f BC-DEP-&lt;DEPC>-SELLS-PROD   03-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEP &lt;DEPC> SELLS PRODUCT DISTRIBUTION RIGHTS</TITLE>
+<DATELINE>    LOS ANGELES, March 19 - </DATELINE><BODY>DEP Corp said it agreed to sell the
+distribution rights to Doan's Backache Pills to &lt;Ciba-Geigy
+Corp> for 34.4. mln dlrs in cash.
+    DEP said it acquire the product line when it purchased
+Jeffrey Martin Inc earlier this year.
+    The company also said it intends to sell the remaining
+over-the-counter drug business obtained through the Jeffrey
+Martin acquisition, which includes the Bantron Smoking
+Deterrent Tablet, Ayds Appetite Supressant and Compoz Sleep Aid
+product lines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12368" NEWID="7455">
+<DATE>19-MAR-1987 17:21:21.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2576&#31;reute
+u f BC-FRANK-B.-HALL-AND-CO   03-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANK B. HALL AND CO INC &lt;FBH> 4TH QTR LOSS</TITLE>
+<DATELINE>    BRIARCLIFF MANOR, N.Y., MARCH 19 -
+    </DATELINE><BODY>Oper shr loss 30 cts vs loss 25 cts
+    Oper net loss 2,138,000 vs loss 2,312,000
+    Revs 99.3 mln vs 89.4 mln
+    Year
+    Oper shr loss 40 cts vs profit 47 cts
+    Oper net profit 4,294,000 vs profit 8,793,000
+    Revs 390.9 mln vs 360.5 mln
+    NOTE: Excludes discontinued operations loss of 1.33 dlrs a
+share vs 5.35 dlrs a share in the quarter, and loss 1.52 dlrs a
+share vs loss 13.64 dlrs in the full year.
+    Fourth quarter 1986 includes reserve of nine mln dlrs for
+operations company plans to sell.
+    Per share figures come after preferred dividend
+requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12369" NEWID="7456">
+<DATE>19-MAR-1987 17:22:14.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2577&#31;reute
+u f BC-SEC-CONTINUES-MARKET   03-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC CONTINUES MARKET MANIPULATION INVESTIGATION</TITLE>
+<DATELINE>    New York, March 19 - </DATELINE><BODY>The Securities and Exchange Commission
+is continuing an investigation of the practice of "parking"
+stocks, said Richard Murphy, a lawyer with the SEC enforcement
+division.
+    Earlier, the SEC settled civil charges against Boyd
+Jefferies and Jefferies Group Inc, which allege market
+manipulation and the parking of stocks, a practice where stock
+is held by one person or firm while it is actually under the
+control of someone else.
+    Murphy told reporters others are being investigated for
+parking stocks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12370" NEWID="7457">
+<DATE>19-MAR-1987 17:22:48.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2580&#31;reute
+r f BC-U.S.-AGENCY-PROPOSES   03-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AGENCY PROPOSES DAYTIME LIGHTS FOR CARS</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Transportation Secretary Elizabeth
+Dole proposed to allow the use of daytime running lights as a
+measure to improve safety on the highways.
+    Dole said in an announcement that in Sweden and Finland, 
+where daytime lights have been in use, the number of crashes
+and lives lost has been reduced.
+    The transporation department said there might be confusion
+in some states whether the lighting device was legal.
+    Therefore it proposed an amendment to federal motor vehicle
+safety rules to make clear that front-mounted lights could be
+installed at the option of the manufacturer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12371" NEWID="7458">
+<DATE>19-MAR-1987 17:23:03.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2581&#31;reute
+d f BC-PROPOSED-OFFERINGS   03-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Ramada Inc &lt;RAM> - Offering of 100 mln dlrs of subordinated
+notes due 1999 through Salomon Brothers Inc.
+    Chock Full O'Nuts Corp &lt;CHG> - Offering of 60 mln dlrs of
+convertible senior subordinated debentures due April 15, 2012
+through a group led by Drexel Burnham Lambert Inc.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12372" NEWID="7459">
+<DATE>19-MAR-1987 17:23:38.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2584&#31;reute
+r f BC-WEISFIELD'S-INC-&lt;WEIS   03-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEISFIELD'S INC &lt;WEIS> 4TH QTR NET</TITLE>
+<DATELINE>    SEATTLE, March 19 -
+    </DATELINE><BODY>Shr 1.09 dlrs vs 1.20 dlrs
+    Net 1,193,000 vs 1,361,000
+    Revs 18.7 mln vs 17.3 mln
+    Year
+    Shr 1.19 dlrs vs 1.52 dlrs
+    Net 1,300,000 vs 1,831,000
+    Revs 50.6 mln vs 48.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12373" NEWID="7460">
+<DATE>19-MAR-1987 17:24:40.16</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>simex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2585&#31;reute
+u f BC-SINGAPORE-EXCHANGE-PL   03-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE EXCHANGE PLANS OPTIONS CONTRACTS</TITLE>
+<DATELINE>    BOCA RATON, Fla, March 19 - </DATELINE><BODY>The Singapore International
+Monetary Exchange Ltd, SIMEX, said it would launch at least two
+options on futures contracts this year.
+    SIMEX said in a press release that the options contracts
+would be based on the currency and interest rate futures
+currently traded on the exchange and be started "toward the
+third quarter."
+    SIMEX, which is linked to the Chicago Mercantile Exchange,
+currently trades three currency futures -- on Deutsche marks,
+Japanese yen and British pounds -- and two interest rate
+futures -- on U.S. Treasury-bonds and three-month Eurodollars.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12374" NEWID="7461">
+<DATE>19-MAR-1987 17:24:59.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM
+&#22;&#22;&#1;f2587&#31;reute
+r f AM-ECUADOR-RESIGNATION   03-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR INDUSTRY AND TRADE MINISTER RESIGNS</TITLE>
+<DATELINE>    QUITO, March 19 - </DATELINE><BODY>Ecuador's Minister for Industry and Trade
+resigned today, but denied he was responding to recent protests
+against a new austerity program that went into effect after a
+devastating earthquake.
+    Xavier Neira, an economist, told reporters he was stepping
+down for personal reasons and would return to his private
+business as a foreign trade consultant.
+    He defended government austerity measures adopted last
+Friday as a "necessary antidote" to the losses from the March
+five quake which cost an estimated one billion dlrs in damage
+and left 1,000 people dead or missing.
+     Ecuadoran unions have called for a general strike next
+Wednesday to press for a suspension of the belt-tightening
+measures, which include a rise in gasoline prices of up to 80
+pct, budget cuts of up 10 pct and a government hiring freeze.
+    Ecuador, a member of the Organization of Petroleum
+Exporting Countries (OPEC), has been forced to halt shipments
+of crude, its main export, for about five months until it
+repairs a pipeline that ruptured as a result of the quake.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12375" NEWID="7462">
+<DATE>19-MAR-1987 17:27:14.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2593&#31;reute
+d f BC-NORRIS-OIL-CO-&lt;NOIL>   03-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORRIS OIL CO &lt;NOIL> DEC 31 YEAR LOSS</TITLE>
+<DATELINE>    TAFT, Calif., March 19 -
+    </DATELINE><BODY>Shr loss 1.55 dlrs vs loss 52 cts
+    Net loss 13,191,000 vs loss 2,254,000
+    Revs 1,179,000 vs 2,003,000
+    Avg shrs 8,520,000 vs 4,330,000
+    Note: Current year loss includes 11.8 mln dlr writedown of
+oil and gas properties under full cost accounting method.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12376" NEWID="7463">
+<DATE>19-MAR-1987 17:27:27.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2594&#31;reute
+d f BC-AMERICAN-CAN   03-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CAN &lt;AC> FILES FOR DEBT OFFERING</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>American Can Co filed with the
+Securities and Exchange Commission for a shelf offering of up
+to 500 mln dlrs of debt securities on terms to be determined at
+the time of the sale.
+    Proceeds from the offering will be used for general
+corporate purposes, including repayments of outstanding debt,
+business acquisitions or investments, American Can said.
+    The company did not name an underwriter for the sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12377" NEWID="7464">
+<DATE>19-MAR-1987 17:28:40.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2597&#31;reute
+r f BC-DORSEY-&lt;DSY>-COMPLETE   03-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DORSEY &lt;DSY> COMPLETES SALE OF UNIT</TITLE>
+<DATELINE>    CHATTANOOGA, Tenn., March 19 - </DATELINE><BODY>Dorsey Corp said it
+completed the sale of substantially all its Dorsey Trailers Inc
+subsidiary assets to &lt;Trailer Acquisition Corp>, whose
+stockholders include a former Dorsey vice president and several
+executives of the Dorsey Trailers management team.
+    Terms of the acquisition were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12379" NEWID="7465">
+<DATE>19-MAR-1987 17:33:32.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2606&#31;reute
+h f BC-NAPCO-INTERNATIONAL-&lt;   03-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAPCO INTERNATIONAL &lt;NPCO> 4TH QTR OPER NET</TITLE>
+<DATELINE>    HOPKINS, MINN., March 19 - 
+    </DATELINE><BODY>Oper shr 38 cts vs 5.62 dlrs
+    Oper net 400,000 vs 6,173,000
+    Revs 1,195,000 vs 392,000
+    Year
+    Oper shr 94 cts vs 5.65 dlrs
+    Oper net 1,006,000 vs 6,257,000
+    Revs 2,432,000 vs 1,121,000
+    NOTE: 1986 operating net for the quarter and year excludes
+a loss on the disposal of certain businesses of 2.15 mln dlrs
+and a loss from discontinued operations of 297,000 dlrs in the
+quarter and 469,000 dlrs in the year.
+    1985 operating net for the quarter and year includes a
+pretax gain of nine mln dlrs from the sale of two divisions and
+a loss from discontinued operations of 2.85 mn dlrs in the
+quarter and 3.7 mln dlrs in the year.
+    Napco International Inc is full name of company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12378" NEWID="7466">
+<DATE>19-MAR-1987 17:33:48.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2607&#31;reute
+d f BC-NATIONAL-BANCORP-INC   03-19 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL BANCORP INC &lt;NIBCA> YEAR END LOSS</TITLE>
+<DATELINE>    HARTFORD, Conn., March 19 -
+    </DATELINE><BODY>Oper shr loss 1.02 dlr
+    Oper loss 631,000 dlrs
+    NOTE: Prior year results are not available as company
+completed its public offering in April 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12380" NEWID="7467">
+<DATE>19-MAR-1987 17:39:39.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2613&#31;reute
+r f BC-HOUSE-GOP-BUDGET-WRIT   03-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE GOP BUDGET WRITERS WITHHOLD VOTES</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Republican members of the House
+Budget Committee refused to cast their votes as the committee
+began marking up the outlines of next year's federal budget.
+    Republicans voted "present" during votes on a ceiling for
+fiscal 1988 defense spending, saying they were protesting the
+Democrats' failure to present an alternative to President
+Reagan's budget, which was completed in January.
+    Without the Republicans' votes, the Democratic majority on
+the committee voted tentatively 13-8 to cap 1988 defense
+spending at 282.6 billion dlrs, three billion dlrs more than
+current year defense outlays.
+    Rep. William Gray (D-Pa.), the Budget Committee chairman,
+decided earlier this week to use current government spending
+levels as a starting point for the panel's deliberations.
+    In the past, the committee Democrats had always gone behind
+closed doors to agree in advance on a draft budget plan.
+    But this year, the Democrats could not come to an
+agreement, prompting Gray to invite the Republicans to join
+them in the drafting process in open session.
+    Republicans argued that this maneuver enabled the Democrats
+to avoid presenting alternatives to the president's budget.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12381" NEWID="7468">
+<DATE>19-MAR-1987 17:41:09.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2614&#31;reute
+r f BC-bachelor   03-19 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BACHELOR LAKE GOLD MINES INC> YEAR LOSS</TITLE>
+<DATELINE>    MONTREAL, March 19 -
+    </DATELINE><BODY>Shr loss seven cts vs loss 19 cts
+    Net loss 497,452 vs loss 1,306,875
+    Revs 10.6 mln vs 9.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12382" NEWID="7469">
+<DATE>19-MAR-1987 17:43:52.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2618&#31;reute
+u f BC-KING-WORLD   03-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOROS LIFTS KING WORLD &lt;KWP> STAKE TO 8.1 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>New York investor George Soros, and
+an investment fund he controls, said they raised their stake in
+King World Productions Inc to 2,485,510 shares, or 8.1 pct of
+the total outstanding, from 1,986,710 shares, or 6.5 pct.
+    In a filing with the Securities and Exchange Commission,
+Soros said his group bought a net 498,800 King World common
+shares between Jan 8 and March 6 at prices ranging fropm 18.924
+to 21.203 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12383" NEWID="7470">
+<DATE>19-MAR-1987 17:44:19.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2620&#31;reute
+r f BC-CINEPLEX-ODEON-BUYING   03-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CINEPLEX ODEON BUYING COKE &lt;KO> CINEMA UNIT</TITLE>
+<DATELINE>    TORONTO, March 19 - </DATELINE><BODY>&lt;Cineplex Odeon Corp> said it agreed in
+principle to acquire the Walter Reade Organization Inc New York
+cinema chain from Coca-Cola Co's Entertainment Holdings Inc
+unit for 32.5 mln U.S. dlrs.
+    Cineplex said the purchase price consisted of 22.5 mln dlrs
+cash and 652,742 Cineplex common shares. The transaction is
+subject to fulfilment of certain unspecified conditions and
+regulatory and board approvals.
+    Walter Reade operates 11 screens in eight Manhattan
+locations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12384" NEWID="7471">
+<DATE>19-MAR-1987 17:44:47.68</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2621&#31;reute
+b f BC-/SHULTZ-NOT-OPPOSED-T   03-19 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ NOT OPPOSED TO WHEAT SUBSIDY TO SOVIETS</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Secretary of State George Shultz has
+decided not to oppose any U.S. wheat subsidy offer to the
+Soviet Union and has left the final decision on whether to sell
+subsidized wheat to Moscow up to President Reagan and the
+Agriculture Department, a State Department official said.
+    "Shultz feels like he fought the battle against a subsidy
+last summer, and he's not going to the mat again. It's now
+basically the USDA who has to make their decisions as to what
+they want to do," the official said.
+    If USDA decides to go ahead with a subsidy offer to the
+Soviet Union, he said, "Shultz will not wage a vigorous
+campaign against it. He might not come out in favor of it, but
+he won't go to the President and voice his objections."
+    In an official statement clarifying Shultz's remarks
+yesterday to leaders of the National Association of Wheat
+Growers, the State Department said, "Secretary Shultz expressed
+his belief that whenever possible, U.S. grain should be
+competitive on world markets, including the Soviet Union.
+    The Agriculture Department is in the best position to
+determine whether consideration should be given at this time to
+extending to the Soviets a subsidy under the Export Enhancement
+Program."
+    Although Shultz will not oppose a wheat subsidy to the
+Soviets, there remain obstacles to another subsidy offer to
+Moscow, the State Department official said.
+    "Everyone in the government agrees that if there is a
+subsidy to be offered, we would not offer it unless we had a
+firm commitment from the Soviets that they would buy."
+    USDA does not want a repetition of last summer when the
+USSR baulked at its offer of four mln tonnes of subsidized
+wheat, the official, who asked not to be identified, said.
+    The Soviets rejected the U.S. offer then on the grounds
+that the 13 dlr per tonne subsidy was insufficient to bring
+U.S. prices down to competitive levels.
+    The Soviets want a higher subsidy offer this time, the
+State Department source said.
+    "What the Soviets want is something equivalent to the
+lowest price being paid by anyone in the world," he said.
+    The Soviets argue that they are the best customer of the
+U.S. and that they are entitled to the best price, he said.
+    Government and commodity sources also said there are
+elements in the USDA, most notably undersecretary Daniel
+Amstutz, who remain opposed to a wheat subsidy to the Soviets.
+    "Subsidized wheat to the Soviet Union is still not a
+foregone conclusion," the State Department official said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12385" NEWID="7472">
+<DATE>19-MAR-1987 17:44:51.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2622&#31;reute
+d f BC-&lt;SUMMIT-RESOURCES-LTD   03-19 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SUMMIT RESOURCES LTD> YEAR NET</TITLE>
+<DATELINE>    Calgary, Alberta, March 19 -
+    </DATELINE><BODY>Shr not given
+    Net 540,000 vs 1,890,000
+    Revs 4.9 mln vs 7.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12386" NEWID="7473">
+<DATE>19-MAR-1987 17:45:44.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2624&#31;reute
+u f BC-MORGAN-GUARANTY-&lt;JPM>   03-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN GUARANTY &lt;JPM> SUES METROMEDIA FOR NOTES</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Morgan Guaranty Trust Co said it filed
+suit against &lt;Metromedia Inc>, seeking a redemption at par of
+Metromedia subordinated discount debentures.
+    The debentures due 1998, were issued in 1984 and were zero
+coupon notes for the first five years. Beginning 1990, they
+were to receive semi-annual interest payments at an annual rate
+of 16 pct.
+    Morgan said the complaint, filed in U.S. District Court for
+the Southern District of New York, stems from the recent
+voluntary liquidation of Metromedia which has intentionally
+created an event of default on the notes. 
+    The company said the default amount is 574.24 dlrs for each
+1,000 dlrs principal amount of debentures. The figure takes
+into account the deep discount the holders received when they
+bought the issue.
+    Morgan Guaranty said there is about 30 mln dlrs principal
+outstanding.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12387" NEWID="7474">
+<DATE>19-MAR-1987 17:46:00.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2626&#31;reute
+s f BC-GOULDS-PUMPS-INC-&lt;GUL   03-19 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOULDS PUMPS INC &lt;GULD> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    WEST PALM BEACH, Fla., March 19 -
+    </DATELINE><BODY>Qtly div 19 cts vs 19 cts prior
+    Pay April 15
+    Record April three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12388" NEWID="7475">
+<DATE>19-MAR-1987 17:46:18.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2627&#31;reute
+r f BC-HENKEL-TO-INCREASE-ST   03-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENKEL TO INCREASE STAKE IN CLOROX &lt;CLX></TITLE>
+<DATELINE>    OAKLAND, Calif., March 19 - </DATELINE><BODY>Clorox Co said &lt;Henkel KGaA> of
+Dusseldorf, West Germany, agreed to increase its holdings in
+Clorox to 30 pct from the current level of 23 pct.
+    Henkel, which also holds a subordinated note convertible
+into another 1.7 pct of the company's stock, intends to acquire
+the additional shares in the open market over an extended
+period of time, Clorox said.
+    It also said that, for the foreseeable future, Henkel does
+not intend to increase its participation in Clorox above the 30
+pct level.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12389" NEWID="7476">
+<DATE>19-MAR-1987 17:46:34.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2629&#31;reute
+d f BC-&lt;sigma-mines-(quebec)   03-19 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SIGMA MINES (QUEBEC) LTD> 4TH QTR NET</TITLE>
+<DATELINE>    Toronto, March 19 -
+    </DATELINE><BODY>Shr 17 cts vs five cts
+    Net 1,442,000 vs 393,000
+    Revs 9,771,000 vs 8,052,000
+    Year
+    Shr 74 cts vs 23 cts
+    Net 6,076,000 vs 1,875,000
+    Revs 34.9 mln vs 30.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12390" NEWID="7477">
+<DATE>19-MAR-1987 17:47:11.05</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2632&#31;reute
+r f BC-EC-OFFICIAL-FAULTS-U.   03-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC OFFICIAL FAULTS U.S. TRADE BILL</TITLE>
+<DATELINE>    LOS ANGELES, March 19 - </DATELINE><BODY>Sir Roy Denman, Head of the EC
+Delegation in Washington, said pending U.S. trade legislation
+is a misguided attempt to deal with the nation's trade deficit
+and will spark retaliation if passed in its present form.
+    "To think that you can deal with a trade deficit by
+legislation is a mistake," he told the Foreign Trade
+Association here.
+    Denman told reporters that possible retaliation, which he
+warned of in a letter to House Ways and Means Committee
+Chairman Dan Rostenkowski, would not necessarily be on a
+product-for-product basis.
+    "Retaliation does not have to be matched product to
+product," Denman said.
+    He said in the case of textiles import restrictions,
+however, retaliation would be against U.S. textile exports.
+    "Certainly, if restrictions were imposed on European
+exports of textiles to the U.S., the Community would be likely
+to retaliate with restrictions on U.S. textile exports to
+Europe," Denman said.
+    He also took exception to U.S. proposals to require
+countries with large current account surpluses with the U.S. to
+cut those surpluses or face special tariffs.
+    "This would conflict with international obligations, throw
+a large wrench into the current round of trade negotiations and
+could easily boomerang," he warned of the tariff proposals.
+    Denman also took exception to U.S. efforts to seek
+reciprocity in specific trade sectors.
+    "Forcing reciprocity in one sector by imposing barriers
+would simply lead to retaliation from the other party," he
+said, adding that overall reciprocity can only be achieved by
+trading off disadvantages in one sector for advantages in
+another.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12391" NEWID="7478">
+<DATE>19-MAR-1987 17:50:05.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2637&#31;reute
+d f BC-FORMER-REPUBLIC-EMPLO   03-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER REPUBLIC EMPLOYEES GET ESOP FUNDS</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 20 - </DATELINE><BODY>The International
+Association of Machinists and Aerospace Workers said checks
+totaling 33 mln dlrs are being mailed to 2,500 of its members
+who formerly worked for Republic Airlines and are now employed
+by Northwest Airlines (NWA).
+    The payoffs result from a trust agreement and employee
+stock ownership plan negotiated in early 1984 by the union to
+protect Republic workers when the airline was in financial
+difficulty, the union said.
+    Republic has since merged with Northwest Airlines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12392" NEWID="7479">
+<DATE>19-MAR-1987 17:50:15.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2638&#31;reute
+r f BC-HYDRO-QUEBEC-SEES-NO   03-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYDRO-QUEBEC SEES NO CANADA SALES OBLIGATION</TITLE>
+<DATELINE>    MONTREAL, March 19 - </DATELINE><BODY>Provincially-owned Hydro-Quebec said
+it had no obligation to supply electricity to other Canadian
+provinces if it could sell it at a higher price to Americans.
+    The utility told a National Energy Board hearing that U.S.
+utilities generally offer higher prices for electricity than
+those in Canada because the Americans want firm energy
+supplies.
+    Hydro-Quebec is seeking regulatory approval to sell 70
+billion kilowatt hours of firm power a year to the New England
+power pool over 10 years starting in 1990. Utilities in
+Ontario, New Brunswick and Newfoundland oppose the sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12393" NEWID="7480">
+<DATE>19-MAR-1987 17:50:47.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2640&#31;reute
+r f BC-lacana   03-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LACANA MINING (LCNAF) TO ISSUE FIVE MLN SHARES</TITLE>
+<DATELINE>    TORONTO, March 19 - </DATELINE><BODY>Lacana Mining Corp said it plans to
+issue five mln common shares at 12 dlrs each to reduce debt
+incurred on its recent purchase of a 51 pct stake in &lt;Mascot
+Gold Mines Ltd>.
+    The company said it will issue 3,750,000 of the shares
+through Canadian underwriters Gordon Capital Corp, Loewen
+Ondaatje McCutcheon and Co Ltd and Merrill Lynch Canada Inc and
+1,250,000 shares through Alexanders, Laing and Cruickshank of
+London, England.
+    Lacana said it will file a preliminary prospectus dated
+March 20 with regulators in each Canadian province.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12394" NEWID="7481">
+<DATE>19-MAR-1987 17:54:36.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2648&#31;reute
+u f BC-FRANK-B.-HALL-&lt;FBH>-E   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANK B. HALL &lt;FBH> EARNINGS REPORT QUALIFIED</TITLE>
+<DATELINE>    BRIARCLIFF MANOR, N.Y., March 19 - </DATELINE><BODY>Frank B. Hall and Co Inc
+said its independent accountants will issue a qualified report
+on its financial statements.
+    The company said the opinion is the result of ongoing
+litigation over its discontinued operations. Earlier it said it
+lost 2.1 mln dlrs in the fourth quarter against a loss of 2.3
+mln dlrs a year ago before discontinued operations.
+    It also said it decided to sell its claims adjusting and
+admininistrative operations and its automobile dealer insurance
+unit, creating a reserve of about nine mln dlrs in the fourth
+quarter 1986 for the sale.
+    The company said it will vigorously defend the litigation
+arising from the discontinued units.
+    It also said it will concentrate on its direct brokerage
+and service business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12395" NEWID="7482">
+<DATE>19-MAR-1987 17:55:03.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2650&#31;reute
+u f BC-PIER-1   03-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERMARK&lt;IMI> SEEKS MAJORITY PIER 1 &lt;PIR> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>Intermark Inc, which together with
+one of its subsidiaries already holds a 43.4 pct stake in Pier
+1 Imports Inc, told the Securities and Exchange Commission it
+plans to acquire a majority of the company's voting stock.
+    Intermark said it already holds 6,839,827 Pier 1 common
+shares, or 35.66 pct, and its Pier 1 Holdings Inc holds
+1,484,516 shares, or 7.74 pct.
+    Intermark said it also has 341,991 shares of Pier 1
+preferred stock, or 35.2 pct of the outstanding, while Pier 1
+Holdings has 74,225 shares, or 7.6 pct.
+         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12396" NEWID="7483">
+<DATE>19-MAR-1987 17:58:00.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2651&#31;reute
+r f BC-ELECTRO-SCIENTIFIC-&lt;E   03-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRO SCIENTIFIC &lt;ESIO> 3RD QTR FEB 28 LOSS</TITLE>
+<DATELINE>    PORTLAND, Ore., March 19 -
+    </DATELINE><BODY>Shr loss 15 cts vs nil
+    Net loss 877,000 vs profit 22,000
+    Sales 13.5 mln vs 18.0 mln
+    Nine mths
+    Shr loss 35 cts vs profit 20 cts
+    Net loss 2,098,000 vs profit 1,184,000
+    Sales 43.5 mln vs 55.9 mln
+    (Electro Scientific Industries)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12397" NEWID="7484">
+<DATE>19-MAR-1987 18:01:54.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2653&#31;reute
+d f BC-JOSTEN'S-&lt;JOS>-TO-SEL   03-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOSTEN'S &lt;JOS> TO SELL UNIT TO CAREERCOM &lt;CRCM></TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 19 - </DATELINE><BODY>Josten's Corp said it agreed
+to sell its proprietary school business to CareerCom Corp, for
+20 mln dlrs in cash and about 1.7 mln CareerCom common shares.
+    Upon completion of the proposed transaction, Josten's will
+own 20 pct of CareerCom's stock, which it intends to hold for
+investment purposes, it said.
+    Proprietary school sales totaled about 56 mln dlrs and
+accounted for less than 10 pct of Josten's total revenue, it
+added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12398" NEWID="7485">
+<DATE>19-MAR-1987 18:02:43.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2656&#31;reute
+d f BC-DUFF-AND-PHELPS-UPGRA   03-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF AND PHELPS UPGRADES BAXTER TRAVENOL &lt;BAX></TITLE>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>Duff and Phelps said it is upgrading to
+Duff 1- (one minus) from Duff 2, its rating on Baxter Travenol
+Inc's commercial paper totaling about 541 mln dlrs.
+    The upgrading reflects the company's significant
+improvement made in reducing debt since its 1985 acquisition of
+American Hospital Supply Corp, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12399" NEWID="7486">
+<DATE>19-MAR-1987 18:03:13.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2658&#31;reute
+r f BC-GM-&lt;GM>-PARTS-WORKERS   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> PARTS WORKERS TO VOTE ON CONTRACT</TITLE>
+<DATELINE>    LIVONIA, Mich., March 19 - </DATELINE><BODY>Workers at a General Motors Corp
+parts plant in Michigan are scheduled to vote tomorrow on a new
+contract that would change the way many of the workers do their
+job.
+    Some 3,000 members of the United Auto Workers at GM's
+Livonia, Mich., parts plant will vote in two shifts on a local
+contract to replace their current agreement with the company,
+according to officials of both the union and the company.
+    The proposed accord would initiate the so-called "team
+concept" at the plant, which makes seat cushions and is part of
+GM's Inland Division.
+    Under the proposed contract, workers in one area of the
+plant would be responsible for the entire product and would
+make some of their own decisions about assembling that product,
+said Kevin Woodward, a steward with the UAW local that
+represents the workers.
+    An Inland division spokesman would not discuss details of
+the accord. But he said Inland has a "serious" capacity
+problem.
+    No wage or benefit issues are in the proposal. Those issues
+are covered by a national pact between GM and the UAW. Talks on
+a new national accord are expected to begin in July.
+    If the contract is ratified, it would go into effect as
+soon as the vote count is completed, said Ronald Catcher, a
+member of the local's executive board.
+    The pact would also stay in place through the next national
+contract, he said.
+    Catcher said the union members are sharply divided on the
+new accord. "It's going to be close either way," he said.
+    Many of the workers are afraid that, if the agreement is
+not ratified, the plant will be shut down, union officials
+said. The GM spokesman said "no decision has been made to that
+effect."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12400" NEWID="7487">
+<DATE>19-MAR-1987 18:05:07.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2665&#31;reute
+s f BC-NRM-ENERGY-CO-&lt;NRM>-S   03-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NRM ENERGY CO &lt;NRM> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    DALLAS, March 19 - 
+    </DATELINE><BODY>Qtly cash distribution five cts vs five cts prior
+    Pay April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12401" NEWID="7488">
+<DATE>19-MAR-1987 18:11:04.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2672&#31;reute
+s f BC-MOTEL-6-LP-&lt;SIX>-SETS   03-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOTEL 6 LP &lt;SIX> SETS CASH DISTRIBUTION</TITLE>
+<DATELINE>    SANTA BARBARA, Calif., March 19 - 
+    </DATELINE><BODY>Qtly cash distribution 30.5 cts vs 18.4 cts prior
+    Pay May 15
+    Record March 31
+    Note: Prior-quarter dividend was an initial payout based on
+operations for a partial fourth quarter in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12402" NEWID="7489">
+<DATE>19-MAR-1987 18:11:51.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2674&#31;reute
+d f BC-DUFF-AND-PHELPS-UPGRA   03-19 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF AND PHELPS UPGRADES PHILIP MORRIS &lt;MO></TITLE>
+<DATELINE>    CHICAGO, March 19 - </DATELINE><BODY>Duff and Phelps said it is upgrading to
+its highest level, Duff 1+ (one plus) from Duff 1, the rating
+on about 836 mln dlrs of Philip Morris Companies Inc commercial
+paper.
+    The change reflects the company's improvement in retiring
+debt incurred in the the acquisition of General Foods Corp, and
+the ability of both the tobacco and food product lines to
+generate cash flow, Duff and Phelps said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12403" NEWID="7490">
+<DATE>19-MAR-1987 18:13:32.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2677&#31;reute
+d f BC-ATLANTIC-RESEARCH   03-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP HAS 6.4 PCT OF ATLANTIC RESEARCH &lt;ATRC></TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>A group led by Halcyon Investments,
+a New York securities and risk arbitrage partnership, said it
+has acquired 486,400 shares of Atlantic Research Corp, or 6.4
+pct of the total outstanding common stock.
+    In a filing with the Securities and Exchange Commission,
+the Halcyon group said it bought the stake for 15.6 mln dlrs
+for no specific purpose.
+    The group said it has no plans to seek control of Atlantic
+Research, which has been sought by Clabir Corp &lt;CLG>, but said
+it may buy more stock or sell some or all of what it has.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12404" NEWID="7491">
+<DATE>19-MAR-1987 18:14:26.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2679&#31;reute
+r f BC-ULTRASYSTEMS-INC-&lt;ULS   03-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ULTRASYSTEMS INC &lt;ULS> 4TH QTR NET</TITLE>
+<DATELINE>    IRVINE, Calif., March 19 -
+    </DATELINE><BODY>Shr 26 cts vs 18 cts
+    Net 2,102,000 vs 1,415,000
+    Revs 44.1 mln vs 42.2 mln
+    Year
+    Shr 21 cts vs 91 cts
+    Net 1,678,000 vs 7,105,000
+    Revs 155.1 mln vs 149.2 mln
+    Note: Current year figures include 10.1 mln dlr writedown
+of costs and investments associated with ethanol refinery
+project.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12405" NEWID="7492">
+<DATE>19-MAR-1987 18:15:05.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2681&#31;reute
+r f AM-FRAUD   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATORS SAY JUSTICE MISHANDLED TENNECO PROBE</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>The Justice Department mishandled an
+investigation into alleged fraud on Navy contracts by a unit of
+Tenneco Inc &lt;TGT>, two senior senators charged.
+    The charges, made jointly by Sens. William Proxmire,
+D-Wis., and Charles Grassley, R-Iowa, were based on a report by
+subcommittee staffs of the Senate Judiciary Committee and the
+Joint Economic Committee on the Justice Department
+investigation.
+    "Serious mistakes were made at every stage of the Newport
+News investigation and much time wasted during lengthy periods
+of inactivity," the report said.
+    The Tenneco unit, Newport News Shipbuilding and Dry Dock
+Co, asked the Navy in 1976 for reimbursement of 894 mln dlrs in
+cost overruns in the construction of 14 nuclear-powered ships.
+The Navy settled the claims for 208 mln dlrs in 1978 and then
+refered the case to the Justice Department for investigation of
+possible fraud.
+    In 1983, the Justice Department decided to end the
+investigation without prosecuting Newport News.
+       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12406" NEWID="7493">
+<DATE>19-MAR-1987 18:16:15.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>zaire</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2682&#31;reute
+r f BC-IMF-OFFICIAL-RESIGNS   03-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF OFFICIAL RESIGNS CHARGING U.S. LOAN PRESSURE</TITLE>
+<AUTHOR>    By Alver Carlson, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>One of the top executives of the
+International Monetary Fund (IMF) has tendered his resignation
+charging that the United States has been pressuring the agency
+to reduce the conditions it places on some loans, monetary
+sources said.
+    C. David Finch, an Australian who heads the IMF's exchange
+and trade relations department, told the IMF executive board on
+Wednesday that he planned to leave by the end of next month
+after 37 years with the agency.
+    The sources said that Finch, in a statement considered
+unprecedented, told the board that the United States had
+brought undue pressure on the IMF to approve funding for Zaire
+and Egypt.
+    "To resign in this manner is highly unusual, perhaps
+unprecedented," a monetary source said.
+    Neither Finch nor U.S. IMF Representative Charles Dallara
+could be reached for comment.
+    The IMF, since the emergence of the debt crisis in 1982,
+has pressed many countries to tighten their belts and cut back
+on social spending as conditions to granting assistance.
+    The United States recently has been taking the position
+that countries that take needed economic reform measures
+relying more on market forces and private enterprise should be
+encouraged by assistance from the IMF and development banks.
+    Zaire, under the government of President Mobutu Sese Seko
+has recently been taking many reform measures designed to heal
+its ailing economy.
+    The IMF last year approved a 22-month loan package for
+Zaire totaling 270 mln dlrs.
+    The United States has been considering the possibility of
+seeking access to a military base in Zaire but no decision has
+been reached.
+    Egypt, for its part, has been holding talks with the IMF
+aimed at reaching a final accord on a new one billion dlr loan
+package with the United States pressing for a quick deal,
+according to the sources.
+    However, they said a tentative plan for Egypt that is
+currently being reviewed by the management of the Fund prior to
+going to the executive board for full approval has raised a
+number of questions about the country's ability to repay.
+    Egypt is also a linchpin in the broad framework of U.S.
+Middle East policy.
+    The department headed by Finch, among other
+responsibilties, makes certain that IMF policies and loan
+conditions are wielded evenly among countries.
+    Monetary sources have said that the United States had
+brought pressure on the IMF to approve a loan package for
+Mexico using economic conditions that have not been broadly
+used before, but Finch, according to the sources, made no
+reference to this.
+    Under the debt initiative announced 18 months ago by
+Treasury Secretary James Baker, the United States made the
+decision that debtor countries should be encourged to grow out
+of their difficulties rather than rely on austerity measures.
+     He also recommended that commercial banks provide 20
+billion dlrs in new loans for the debtor countries while the
+mutilateral banks add some six billion dlrs over three years.
+    A key part of the proposal gave the World Bank a much
+greater role in dealing with the debt crisis, in part because
+of its familiarity with developing countries and their
+problems.
+    The initiative, while widely heralded as a good first step
+toward improving the the growing debt crisis, was viewed by
+some at the IMF as a rebuke of previous austerity measures
+insisted upon by the Fund in return for loans.
+ 
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12407" NEWID="7494">
+<DATE>19-MAR-1987 18:22:47.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2689&#31;reute
+r f BC-VALERO-ENERGY   03-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAG GROUP TO CUT VALERO ENERGY&lt;VLO> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>An investor group told the
+Securities and Exchange Commission it plans to cut its stake in
+Valero Energy Corp to 402,925 shares, or 1.6 pct of the total
+outstanding, from 1,522,850 shares, or 6.0 pct.
+    The group, led by TAG Group S.A. of Luxembourg, said it
+filed with the SEC on Feb 20 a notice that it proposes to sell
+1,119,925 shares of Valero Energy common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12408" NEWID="7495">
+<DATE>19-MAR-1987 18:23:31.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2692&#31;reute
+d f BC-WESTERN-TELE-COMMUNIC   03-19 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN TELE-COMMUNICATIONS &lt;WTLCA> 4TH QTR NET</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 19 - 
+    </DATELINE><BODY>Oper shr 31 cts vs 34 cts
+    Oper net 3,005,000 vs 2,835,000
+    Revs 13.1 mln vs 9,478,000
+    Year
+    Oper shr 1.49 dlrs vs 1.15 dlrs
+    Oper net 28.7 mln vs 16.9 mln
+    Revs 47.8 mln vs 32.0 mln
+    Note: Oper net excludes loss from discontinued operations
+of 726,000 dlrs vs gain of 737,000 dlrs for qtr and gain of
+581,000 dlrs vs gain of 2,350,000 dlrs for year.
+    Note: Full name is Western Tele-Communications Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12409" NEWID="7496">
+<DATE>19-MAR-1987 18:23:49.76</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y A F RM
+&#22;&#22;&#1;f2694&#31;reute
+r f AM-ecuador-loan   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR GETS LOAN TO HELP REPAIR OIL PIPELINE</TITLE>
+<DATELINE>    CARACAS, March 19 - </DATELINE><BODY>The Andean Development Corp (CAF) said
+today it is lending 11.7 mln dlrs to Ecuador to help repair 25
+miles of oil pipeline destroyed by an earthquake earlier this
+month.
+    the loan was signed here today in the offices of the
+caracas based caf by the corporation's president, galo montano
+perez and ecuadorean ambassador antonio parra gil.
+    the loan had originally been intended to finance an
+expansion of the pipeline, but following the earthquake the
+ecuadorean government asked for the terms to be changed so as
+to permit their use in reconstruction.
+    Ecuador expects oil production to be suspended for four
+months as a result of the damage, and has asked Venezuela to
+help by supplying 50,000 barrels per day while the pipeline is
+repaired.
+    The OPEC member has a production quota of 210,000 bpd but
+has asked the organization to allow it to produce 310,000 bpd
+once the repairs are completed so as to compensate the loss.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12410" NEWID="7497">
+<DATE>19-MAR-1987 18:24:03.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2696&#31;reute
+w f BC-HARMON-&lt;HRMN>-TO-BUY   03-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARMON &lt;HRMN> TO BUY RECYCLING FIRM FOR CASH</TITLE>
+<DATELINE>    KANSAS CITY, MO., March 19 - </DATELINE><BODY>Harmon Industries Inc said it
+signed a letter of intent to acquire for about 3.5 mln dlrs, a
+majority of the stock of SNP Inc, a Portland, Oregon-based
+company which has patents to reprocess used railroad ties into
+new ties for resale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12411" NEWID="7498">
+<DATE>19-MAR-1987 18:24:07.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2697&#31;reute
+s f BC-SANTA-FE-ENERGY-PARTN   03-19 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTA FE ENERGY PARTNERS LP &lt;SFP> QTLY PAYOUT</TITLE>
+<DATELINE>    HOUSTON, March 19 - 
+    </DATELINE><BODY>Qtly cash distribution 72 cts vs 72 cts prior
+    Pay May 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12412" NEWID="7499">
+<DATE>19-MAR-1987 18:29:57.08</DATE>
+<TOPICS><D>money-supply</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f2707&#31;reute
+u f BC-FED-DATA-SUGGEST-U.S.   03-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED DATA SUGGEST U.S. CREDIT POLICY IS ON HOLD</TITLE>
+<AUTHOR>    by Jeremy Solomons, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Latest Federal Reserve data suggest
+that the U.S. banking system is flush with reserves going into
+a period of traditional tightness and that overall monetary
+policy is on hold, economists said.
+    "There is ample liquidity.... The Fed is not going to shift
+gears at the present time or for at least another month," said
+Maria Ramirez of Drexel Burnham Lambert Inc.
+    "Technical and seasonal considerations aside, there is
+nothing for the (credit) market to get excited about," added
+Robert di Clemente of Salomon Brothers Inc.
+    Adjusted bank borrowings from the Fed's discount window
+averaged only 228 mln dlrs a day in the first week of the bank
+statement period ending next Wednesday, compared with 233 mln
+and 451 mln in the first weeks of the previous two periods.
+    Another sign of abundant liquidity was the upward revision
+in banks' net free reserves in the two-week period to March 11
+to a daily average of 759 mln dlrs from an estimated 660 mln.
+    Finally, a Fed spokesman told a press briefing that the 14
+money center banks were absent from the Fed's discount window
+for the third week running, with the latest week's borrowing
+split between the large regional and the smaller banks.
+    While modest open market intervention was apparently enough
+to defuse any funding pressures in the first week of the latest
+statement period, economists predicted that the Fed would have
+to be more aggressive in coming weeks.
+    The Fed injected temporary reserves directly and indirectly
+on four of the five trading days via system and customer
+repurchase agreements.
+    "Fed funds will be coming under relatively intense
+pressure," said Salomon's di Clemente, noting the approaching
+month- and quarter-end and the round of holidays and tax dates
+in April.
+    "The Fed is faced with a large seasonal adding
+requirement," said Ward McCarthy of Merrill Lynch and Co Inc,
+who expects a permanent bill purchase next week and a coupon
+purchase in early April.
+    Economists were also heartened by further signs of a
+deceleration in money supply growth, not only in the largely
+discredited M-1 gauge but also in the more closely watched M-2
+and M-3 aggregates.
+    M-1 grew a mere 500 mln dlrs in the week to March nine,
+compared with private forecasts of a 2.3 mln dlr rise. Weekly
+M-2 and M-3 components also hinted at slower overall growth.
+    "The M-1 increase was surprisingly modest and I suspect we
+are on our way to another moderate set of M-2 and M-3 figures
+for March," said Salomon's di Clemente. Merrill's McCarthy said
+they could even come in below the bottom of their respective
+target ranges.
+    In February, M-2 was 18.2 billion dlrs below its upper
+limit and M-3 was 20.8 billion beneath.
+    Noting Fed Vice Chairman Johnson's encouraging remarks on
+inflation today and recent interest rate cuts overseas, some
+economists suggested this slowing in monetary growth could lend
+support to calls for further accommodation here.
+    "Our belief is that we could still get a move downwards in
+rates before anything else," said Salomon's di Clemente, adding
+that the key swing factor will continue to be the strength of
+the U.S. economy.
+    Jeffrey Leeds of Chemical Bank agreed that the economy's
+health would remain the main influence on policy but, contrary
+to di Clemente, he said that recent signs of faster growth and
+inflation could lead to higher rates first.
+    Drexel's Ramirez did not commit herself either way, adding
+that the next major move may have to wait until April 14 when
+February's U.S. trade data are due for release.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12413" NEWID="7500">
+<DATE>19-MAR-1987 18:33:06.64</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM F
+&#22;&#22;&#1;f2710&#31;reute
+r f AM-SHIPS   03-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAYS NO SIGNAL BEING SENT BY SHIP MOVEMENTS</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>A U.S. Navy battle group led by the
+U.S. aircraft carrier Kitty Hawk is in the northern Arabian Sea
+amid renewed concern about the safety of shipping off the coast
+of Iran, U.S. officials said today.
+    But Pentagon spokesman Fred Hoffmann said that reports the
+naval strike force was in the region did not mean the United
+States was sending a new warning to Iran against escalating
+attacks on shipping in the Persian Gulf.
+    "Nothing like that has happened," he said. "No signal is being
+sent."
+    He said that the Kitty Hawk is operating in an area where
+it usually does. "It's normal. It's in the waters where it's
+supposed to be. It's been there for over a month."
+    The Kitty Hawk and its force of warplanes is the mainstay
+of the U.S. Indian Ocean Battle Group which patrols a vast area
+extending from the Indian subcontinent through the Arabian Sea.
+    With the Kitty Hawk and its group in the Arabian Sea to the
+south and the U.S. Mideast Task Force in the Persian Gulf to
+the north, the United States has 10 warships on either end of
+the strategic Straits of Hormuz.
+    The Pentagon, as is its custom, declined to confirm the
+exact whereabouts of the ships or what they were up to.
+    State Department officials cited concern about the safety
+of ships passing through the Straits on the vital oil supply
+run to the Gulf.
+    Iran has conducted repeated attacks on shipping in the Gulf
+and U.S. officials have said that Teheran has recently equipped
+itself with powerful Chinese and Italian-made anti-ship
+missiles, posing a greater threat.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12414" NEWID="7501">
+<DATE>19-MAR-1987 18:37:59.05</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>costa-rica</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2721&#31;reute
+u f AM-centam-sugar   03-19 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COSTA RICA SELLS SUGAR TO SOVIET UNION</TITLE>
+<DATELINE>     SAN JOSE, March 19 - </DATELINE><BODY>Costa Rica has agreed to sell more
+than 32,000 tonnes of sugar this year to the Soviet Union, a
+spokesman for local producers said.
+     Miguel Alfaro, president of the agricultural league of the
+sugar cane industry, said the sale follows a recent 50 pct cut
+in Costa Rica's quota for sugar exports to the U.S.
+    Alfaro said up to 45,000 tonnes of sugar could be exported
+to the Soviet Union this year under the deal, which is similar
+to one the Soviets made recently with the Dominican Republic.
+    A Soviet ship will load 25,000 tonnes at the Pacific port
+of Punta Morales Monday, Alfaro said, and a second ship will
+take an additional 7,107 tonnes two days later.
+    Alfaro and other industry sources declined to disclose the
+price at which the sugar was sold.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12415" NEWID="7502">
+<DATE>19-MAR-1987 18:38:12.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2722&#31;reute
+r f BC-DANGER-OF-ARBITRAGE-T   03-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANGER OF ARBITRAGE TRADING DOWNPLAYED</TITLE>
+<DATELINE>    BOCA RATON, Fla, March 19 - </DATELINE><BODY>Stock index-related arbitrage
+trading did not spark the dramatic drop in the U.S. stock
+market last September, nor is a free-fall in stocks and futures
+prices due to arbitrage trading a likelihood, a top official
+with the Securities and Exchange Commission, SEC, said.
+    Richard Ketchum, director of SEC's division of market
+regulation, told the Futures Industry Association that a
+commission study of the circumstances surrounding the plunge in
+the Dow Jones Industrial Average last September 11-12 shows
+stock index-related arbitrage trading those days was
+substantial but did not set off the price fluctuations.
+    "While index-related arbitrage trading was a very
+substantial part of the trading that day, it was by no means
+the predominant part," Ketchum said.
+    He said the study would be released next week.
+    Index-related arbitrage relates to efforts, primarily by
+institutional investors, to profit from price differentials by
+shifting funds between stock index futures and their underlying
+stocks.
+    Some commodity exchange officials fear federal regulators
+or Congress might move to restrict trading of stock index
+futures in an effort to curb stock price volatility.
+    Ketchum said the slide in stock prices was the result of a
+"fundamental change in investors' perceptions of economic
+conditions," triggered by "incorrect rumors" that West Germany
+was set to cut its discount rate.
+    The SEC study indicated the seven firms that accounted for
+most of the arbitrage trading those days made 127 program
+trades on September 11 and 117 trades September 12, accounting
+for only 17.5 pct of the "sell side of the New York Stock
+Exchange's volume," Ketchum said.
+    He also said there was virtually no options index-related
+arbitrage activity those days.
+    Ketchum called "triple witching days" -- the Fridays each
+quarter when stock index futures and options and opions on
+individual stocks expire simultaneously - a "relatively minor,
+overdone question" that has "relatively easy solutions."
+    Moreover, "futures do not appear to have an impact on
+long-term or probably even daily volatility," he said.
+    Finally, Ketchum said a free-fall in stocks and futures
+prices driven by program sell-offs of stock index futures and
+individual stocks was unlikely.
+    "We believe that the amount of money now available to come
+in on the other side of the market by institutions make it
+unlikely that that kind of snowballing effect would happen," he
+said.
+    But he said federal regulators could not discard the
+possibility and would continue to be concerned by the issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12416" NEWID="7503">
+<DATE>19-MAR-1987 18:41:50.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f2735&#31;reute
+r f BC-CORNING-GLASS-&lt;GLW>-S   03-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORNING GLASS &lt;GLW> SELLS DEBT AT 8.25 PCT</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Corning Glass Works is raising 75 mln
+dlrs through an issue of 8-1/4 pct, 15-year non-callable
+debentures priced at par, underwriters Goldman, Sachs and Co
+and Lazard Freres and Co said.
+    Proceeds will be used for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12417" NEWID="7504">
+<DATE>19-MAR-1987 18:41:55.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2736&#31;reute
+d f BC-BAYOU-INTERNATIONAL-B   03-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYOU INTERNATIONAL BUYS STAKE IN SOLOMECS</TITLE>
+<DATELINE>    LOS ANGELES, March 19 - </DATELINE><BODY>&lt;Bayou International Ltd> said it
+purchased one-third of the outstanding stock of Solmecs Corp
+N.V., a Netherlands Antilles corporation, for 1,750,000 dlrs.
+    Bayou said it will also receive two seats on Solmecs'
+board.
+    Bayou Ltd is 55.2 pct owned by Australia Wide Industries
+Ltd.
+    Solmecs develops technology relating to energy conversion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12418" NEWID="7505">
+<DATE>19-MAR-1987 18:42:17.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2737&#31;reute
+r f BC-MICROPRO-INTERNATIONA   03-19 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROPRO INTERNATIONAL CORP &lt;MPRO> 4TH QTR NET</TITLE>
+<DATELINE>    SAN RAFAEL, Calif., March 19 - </DATELINE><BODY>Quarter ended Feb 28
+    Shr four cts vs seven cts
+    Net 500,000 vs 900,000
+    Revs 9,200,000 vs 10,500,000
+    Year
+    Shr four cts vs 12 cts
+    Net 600,000 vs 1,500,000
+    Revs 17.6 mln vs 20.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12419" NEWID="7506">
+<DATE>19-MAR-1987 18:42:30.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2738&#31;reute
+r f BC-INTERNATIONAL-PHARMAC   03-19 0067</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+INTERNATIONAL PHARMACEUTICAL GETS FDA APPROVAL
+    COSTA MESA, Calif., March 19 &lt;International Pharmaceutical
+Products Inc> said it received Food and Drug Administration
+approval to market an injectable drug for treating several
+forms of cancer.
+    The drug, called Methotrexate Sodium Injection, is commonly
+used alone or in combination with other ant-caner agents for
+breast, head, neck and lung cancer.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12420" NEWID="7507">
+<DATE>19-MAR-1987 18:42:54.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2739&#31;reute
+h f BC-TOFRUZEN-&lt;YUMYC>-TO-R   03-19 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOFRUZEN &lt;YUMYC> TO REMAIN LISTED ON NASDAQ</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 19 - </DATELINE><BODY>Tofruzen Inc said it received
+an exception to the NASD's asset requirement, allowing its
+units, common stock and warrants to remain listed on the NASDAQ
+system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12421" NEWID="7508">
+<DATE>19-MAR-1987 18:42:57.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2740&#31;reute
+w f BC-(EXPLOSIVE-FABRICATOR   03-19 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(EXPLOSIVE FABRICATORS INC) 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    LOUISVILLE, Colo., March 19 -
+    </DATELINE><BODY>Net 41,724 vs 120,329
+    Revs 1,194,556 vs 1,504,702
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12422" NEWID="7509">
+<DATE>19-MAR-1987 18:43:39.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f2741&#31;reute
+r f BC-TRANS-CANADA-RESOURCE   03-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANS-CANADA RESOURCES GETS CREDITOR EXTENSION</TITLE>
+<DATELINE>    CALGARY, Alberta, March 19 - </DATELINE><BODY>&lt;Trans-Canada Resources Ltd>
+said an Alberta court on March 6 granted it an extension to
+April 6 from March 9 on Trans-Canada's filing of a plan of
+arrangement with the court and extended to May 22 a stay of
+legal proceedings against the company.
+    The court also ruled that shareholders' and creditors's
+meetings must occur by May 4, Trans-Canada said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12423" NEWID="7510">
+<DATE>19-MAR-1987 18:48:42.67</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>isa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2748&#31;reute
+u f BC-NEW-HEAD-FOR-SUGAR-OR   03-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW CHIEF ELECTED FOR WORLD SUGAR ORGANISATION</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>Dominican Alfredo Ricart will take over
+as executive director of the International Sugar Organization
+(ISO) in mid-April, ISO officer in charge Constantin Politoff
+said.
+    Previous ISO chief William Miller retired at end-February
+last year.
+    Ricart told Reuters his first aim is put the "house in order"
+by having a new administrative sugar pact with improved
+allocations of voting rights and financial contributions.
+    Once this is done, time can be dedicated to working towards
+a new International Sugar Agreement (ISA) with economic
+clauses, he said.
+    Ricart, currently the Dominican Republic's ambassador to
+Austria, the Netherlands and the UN in Geneva, said he will
+visit the four major exporters - Australia, Brazil, Cuba and
+the European Community - to talk to governments and producers
+and find out about problems that are preventing these countries
+finding common ground for a new sugar pact.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12424" NEWID="7511">
+<DATE>19-MAR-1987 18:50:02.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2750&#31;reute
+d f BC-DELMED-&lt;DMD>-SELLS-RI   03-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELMED &lt;DMD> SELLS RIGHTS, PAYS CREDITORS</TITLE>
+<DATELINE>    FREEHOLD, N.J., March 19 - </DATELINE><BODY>Delmed Inc said it sold sales
+and distribution rights of its peritoneal dialysis products to
+National Medical Care Inc and entered a five-year agreement to
+supply National Medical with dialysis solutions.
+    Terms were not disclosed. Half of the proceeds from the
+sale went to its principal bank group and unsecured creditors
+who had extended payment schedules, Delmed said.
+    The remaining proceeds will be used for production
+expansion at its Ogden, Utah plant, it said.
+    Delmed said future payments from supply agreement were
+pledged to its bank group as additional security. If Delmed is
+not in default at the time of payment, the banks will release
+the payment for Delmed to use for corporate purposes, it said.
+    It also said that as soon as it is able to do so, Delmed
+plans to pay all interest due on its convertible subordinated
+debentures due 2002 on which interest has not been paid since
+May 15, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12425" NEWID="7512">
+<DATE>19-MAR-1987 18:54:03.82</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>isa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2753&#31;reute
+u f BC-SUGAR-PACT-TO-BE-RENE   03-19 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL SUGAR PACT TO BE RENEGOTIATED</TITLE>
+<DATELINE>    LONDON, March 19 - </DATELINE><BODY>The International Sugar Agreement (ISA)
+will be renegotiated, International Sugar Organization (ISO)
+officer in charge Constantin Politoff told Reuters after a
+special session of the pact's council.
+    A decision on how to renegotiate will be taken at the ISO
+six monthly session in May. The alternatives are between an
+autumn London conference for another pact without economic
+clauses, but a different voting and budgetary structure, or a
+Geneva-based conference next year for a new pact with economic
+clauses, he said.
+    But delegates said the latter would only be considered if
+the world's four major exporters -- Australia, Brazil, Cuba and
+the European Community -- can resolve differences over how
+prices can best be supported and how to share the world
+    Today's special session was called because the U.S. earlier
+indicated it would only be able to pay 56 pct of its share of
+the ISO budget.
+    At today's council session Politoff said the U.S. would try
+and find a way to pay the balance of about 50,000 stg later
+this year. Currently, about three quarters of this year's ISO
+800,000 stg budget has not been paid but delegates said the
+U.S. caused controversy as it said it might not pay its full
+contribution in the last year of the current pact.
+    The Soviet Union has called for changes to the way the ISO
+budget is shared out. Currently it is halved between importers
+and exporters and the Soviet Union has a 30 pct share of the
+importer half. The Soviets want a new sugar pact to have only a
+single category of members who would all share the costs pro
+rata to their share of world sugar trade.
+    The ISO executive committee next meets on April 23 with the
+next full council session in the week of May 19.
+    There are 12 importing and 44 exporting members of the ISO.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12426" NEWID="7513">
+<DATE>19-MAR-1987 19:03:23.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2758&#31;reute
+d f BC-THE-GAP-INC-&lt;GPS>-NAM   03-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE GAP INC &lt;GPS> NAMES PRESIDENT</TITLE>
+<DATELINE>    SAN BRUNO, Calif., March 19 - </DATELINE><BODY>The Gap Inc said it named
+Millard Drexler as its president.
+    Drexler, 42, had been executive vice preisdent for
+merchandising and president of the Gap Stores Division.
+    Previously, Chairman and Chief Executive Officer Donald
+Fisher also held the position of president as well.
+    Drexler retains his position as president and chief
+executive officer of the Gap Stores Division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12427" NEWID="7514">
+<DATE>19-MAR-1987 19:04:53.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2759&#31;reute
+h f BC-LASER-&lt;LSER>-SEES-IMP   03-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LASER &lt;LSER> SEES IMPACT FROM SUIT ON EARNINGS</TITLE>
+<DATELINE>    NEW YORK, March 19 - </DATELINE><BODY>Laser Corp said that costs associated
+with its defense of two shareholder lawsuits could result in a
+net loss for 1987.
+    Although Laser expects to post earnings from operations for
+the year, a spokesman said they might be wiped out by legal
+costs, depending on the length of litigation.
+    In addition, the company said it will ask shareholders to
+approve proposals to merge the company into its main
+subsidiary, reincorporate in Delaware and change the company's
+name.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12428" NEWID="7515">
+<DATE>19-MAR-1987 19:10:41.65</DATE>
+<TOPICS><D>veg-oil</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2762&#31;reute
+u f BC-/E.C.-OFFICIAL-SAYS-F   03-19 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.C. OFFICIAL SAYS FATE OF VEG OIL TAX UNCERTAIN</TITLE>
+<DATELINE>    LOS ANGELES, March 19 - </DATELINE><BODY>Whether the European Community's
+Council of Ministers will approve a proposed tax on vegetable
+oils that has sparked threats of U.S. retaliation is uncertain,
+an EC official said.
+    "It is very far from certain that it will go through," Sir
+Roy Denman, Head of the EC Delegation in Washington, told
+reporters before he addressed the Foreign Trade Association.
+    Denman noted Britain remains opposed to the plan and West
+Germany has opposed it in the past.
+    U.S. Trade Representative Clayton Yeutter has threatened
+retaliation if the tax is approved, as it would limit U.S.
+soybean exports to the EC. Council action is expected soon.
+    Denman said while the EC is willing to negotiate about
+agriculture in a new round of trade talks, it is unwilling to
+single out export subsidies on a negotiating agenda or put
+agricultural policy on a special fast track.
+    "The key to a solution in this area seems to me not in the
+framing of the GATT (General Agreement on Tariffs and Trade)
+wording...but in tackling government subsidies to farmers on
+both sides of the Atlantic," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12429" NEWID="7516">
+<DATE>19-MAR-1987 19:11:55.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2764&#31;reute
+w f BC-PENSION-INSURANCE-GRO   03-19 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENSION INSURANCE GROUP &lt;PGAI> 4TH QTR</TITLE>
+<DATELINE>    VALLEY FORGE, PA, March 19 -
+    </DATELINE><BODY>Shr profit two cts vs profit two cts
+    Net profit 216,000 vs 265,000
+    Revs 1.7 mln vs 1.4 mln
+    Year
+    Shr profit four cts vs loss two cts
+    Net profit 528,000 vs loss 290,000
+    Revs 5.9 mln vs 5.5 mln
+    NOTE:1986 net includes realized investment gains of 3,000
+dlrs in year. 1985 4th qtr and year includes realized
+investment gains of 16,000 and 35,000 dlr respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12430" NEWID="7517">
+<DATE>19-MAR-1987 19:41:18.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2782&#31;reute
+s f BC-TRANSAMERICA-CORP-&lt;TA   03-19 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICA CORP &lt;TA> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    SAN FRANCISCO, March 19 -
+    </DATELINE><BODY>Qtly div 44 cts vs 44 cts
+    Pay April 30
+    Record April 4
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12431" NEWID="7518">
+<DATE>19-MAR-1987 19:43:25.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2783&#31;reute
+s f BC-SOUTHERN-CALIFORNIA-E   03-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN CALIFORNIA EDISON CO &lt;SCE> QTLY DIV</TITLE>
+<DATELINE>    ROSEMEAD, Calif., March 19 -
+    </DATELINE><BODY>Qtly div 57 cts vs 57 cts
+    Pay April 30
+    Record April 3
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12432" NEWID="7519">
+<DATE>19-MAR-1987 19:43:56.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2784&#31;reute
+s f BC-COMPREHENSIVE-CARE-CO   03-19 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPREHENSIVE CARE CORP &lt;CMPH> QUARTERLY DIV</TITLE>
+<DATELINE>    IRVINE, Calif., March 19 -
+    </DATELINE><BODY>Qtly div nine cts vs nine cts
+    Pay May 21
+    Record May 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12433" NEWID="7520">
+<DATE>19-MAR-1987 19:52:40.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2785&#31;reute
+s f BC-GREAT-WESTERN-SAVINGS   03-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT WESTERN SAVINGS BANK &lt;GWSB> QUARTERLY DIV</TITLE>
+<DATELINE>    IRVINE, Calif., March 19 -
+    </DATELINE><BODY>Qtly div 12 cts vs 12 cts
+    Pay April 8
+    Record April 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12434" NEWID="7521">
+<DATE>19-MAR-1987 19:58:25.64</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2788&#31;reute
+b f BC-SENATE-WANTS-JAPAN-SE   03-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE WANTS JAPAN SEMICONDUCTER PACT ENFORCED</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>The U.S. Senate has unanimously
+called for President Reagan immediately to force Japan to live
+up to a pledge to stop dumping its microchips and open its
+markets to U.S. Chipmakers.
+    The Senate voted 93 to 0 to urge Reagan to impose penalties
+on Japanese high-technology products containing semiconductors
+in retaliation for what it sees as Japan's violations of the
+semiconductor pact.
+    While the measure does not bind Reagan to any action,
+Senate leaders said its adoption would warn Japan stiffer
+legislation would be considered if the violations continue.
+    "We want to send a message to Japan to let it know how the
+Senate feels about this matter," Senate Democratic Leader Robert
+Byrd told the Senate.
+    Senate Finance Committee chairman Lloyd Bentsen told the
+Senate the measure was not aimed at retaliation but at
+correcting Japan's unfair trade practices.
+    A key House trade lawmaker, Representative Richard Gephardt
+also announced he would seek to force Japan and other countries
+with huge trade surpluses to slash their surplus by 10 pct a
+year for three years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12435" NEWID="7522">
+<DATE>19-MAR-1987 20:03:57.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2790&#31;reute
+f f BC-******PRESIDENT-REAGA   03-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PRESIDENT REAGAN SAYS HE WILL VETO ANY TAX INCREASE VOTED BY CONGRESS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12436" NEWID="7523">
+<DATE>19-MAR-1987 20:04:49.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2792&#31;reute
+f f BC-******PRESIDENT-REAGA   03-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PRESIDENT REAGAN URGES PASSAGE OF BALANCED BUDGET AMENDMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12437" NEWID="7524">
+<DATE>19-MAR-1987 20:10:49.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2793&#31;reute
+b f BC-/PRESIDENT-REAGAN-VOW   03-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDENT REAGAN VOWS TO VETO ANY TAX INCREASE</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>President Ronald Reagan said he
+would veto any tax increases voted by Congress.
+    "My pledge to veto any tax rate increase remains rock solid,"
+Reagan said during a televised news conference.
+     The president said he opposed efforts by some members of
+Congress to back away from deficit reduction targets set by the
+Gramm-Rudman balanced budget law. He urged passage of a
+constitutional amendment to balance the budget.
+    "It's time Congress cut the federal budget and left the
+family budget alone," Reagan said.
+    He said the congressional budget process was in desperate
+need of reform and urged passage of an amendment to the U.S.
+constitution that would require a balanced federal budget.
+    "This yearly deficit feeding process must stop," he added. "We
+must act now to pass a constitutional amendment to balance the
+budget."
+    In the meantime, he said, Congress cannot back away from
+the deficit reduction goals set by federal law he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12438" NEWID="7525">
+<DATE>19-MAR-1987 20:13:30.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>nicaragua</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2794&#31;reute
+b f AM-REAGAN-2NDLD URGENT  03-19 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN DENIES TOLD IRAN PROFITS WENT TO CONTRAS</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>President Reagan denied he had been
+told that profits from sales of arms to Iran had been used to
+aid the U.S.-backed "contra" rebels in Nicaragua.
+    "No, that is not true," he said before a televised news
+conference when asked about reports that he had been told about
+the money diversion by his former National Security Adviser,
+John Poindexter.
+    Reagan was giving his first formal White House press
+conference in four months since the Iran arms affair burst into
+scandal with the disclosure profits from weapons sales had been
+diverted, possibly illegally, to the contras.
+    He said the secret approach to Iran had resulted in the
+release of three American hostages held by pro-Iranian elements
+in Lebanon and that it might have freed more if the operation
+had not been made public.
+    Reagan told reporters -- as he had told a presidential
+commission that investigated the scandal -- that he did not
+remember when he had approved an August, 1985, shipment of U.S.
+arms to Iran through Israel.
+    Reagan opened the news conference -- seen as vital in
+rebuilding his damaged presidency and restoring his authority
+-- with a statement on the yawning U.S. budget deficit.
+    He again stated his opposition to tax increases and called
+for a constitutional amendment to balance the budget.
+    Asked if in hindsight he would again start a secret program
+to sell arms to Iran, Reagan said, "No, I would not go down that
+same road again."
+    Tonight's news conference was widely seen as an opportunity
+for Reagan, 76, to demonstrate he was in command of affairs
+despite the crisis.
+    Reagan said, referring to the Iran arms program, "If I
+hadn't thought it was right in the beginning, I never would
+have started it."
+    He said he went into the deal because he was persuaded that
+he was not dealing directly with the kidnappers.
+    "You cannot do business with them," he said.
+    But "suddenly you have a third party there (Iran) ... and it
+was not trading with the kidnappers," he said.
+    The news conference in the White House East Room lasted 32
+minutes -- two minutes more than normal -- most of which was
+devoted to the Iran affair.
+    At the last minute, a reporter asked whether Vice President
+George Bush had opposed the arms sales as Secretary of State
+George Shultz and Defense Secretary Caspar Weinberger had done.
+    Reagan replied, "No," smiled, waved and walked away from the
+podium toward the White House residence.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12439" NEWID="7526">
+<DATE>19-MAR-1987 20:17:35.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f2795&#31;reute
+f f BC-******PRESIDENT-REAGA   03-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PRESIDENT REAGAN SAYS U.S. STILL INVESTIGATING ACID RAIN PROBLEM
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12440" NEWID="7527">
+<DATE>19-MAR-1987 20:23:10.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f2799&#31;reute
+b f BC-/REAGAN-SAYS-U.S.-STI   03-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAYS U.S. STILL PROBING ACID RAIN PROBLEM</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>President Reagan said the U.S.
+government is still looking into the problem of acid rain.
+    "We're still investigating this," he told a nationally
+televised news conference.
+    Reagan added that the government will now work with U.S.
+industry to help address the problem.
+    However, he declined to endorse the writing of federal
+standards for emissions that would help alleviate the problem.
+    The Reagan administration yesterday announced a 2.5 billion
+dlr, five-year program to deal with acid rain, a problem that
+troubles U.S. relations with Canada.
+    Reagan was asked by a reporter whether the government
+should set emission standards.
+    He responded that the deeper that officials went in
+examining the acid rain problem, the more complex it appeared.
+    He said the government did not want to rush into adopting a
+measure that might ultimately prove fruitless.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12441" NEWID="7528">
+<DATE>19-MAR-1987 20:32:46.78</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2805&#31;reute
+f f BC-******REAGAN-SAYS-U.S   03-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REAGAN SAYS U.S. MUST DO MORE TO LESSEN RELIANCE ON FOREIGN OIL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12442" NEWID="7529">
+<DATE>19-MAR-1987 20:37:34.68</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2809&#31;reute
+b f BC-/REAGAN-SAYS-U.S.-NEE   03-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAYS U.S. NEEDS TO LESSEN OIL IMPORTS</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>President Reagan said the United
+States must do more to lessen its reliance on imported oil.
+    President Reagan said during a nationally televised news
+conference that the rising U.S. reliance on foreign oil is a
+problem that the administration is studying.
+    "We have to study this more," Reagan said. "This is why we
+increased the Strategic (Petroleum) Reserve, but we have to do
+more," he said.
+    Reagan said his administration has already proposed
+deregulating natural gas and eliminating the windfall profits
+tax on crude oil production.
+    However, he complained that Congress had not yet approved
+those measures.
+    The Department of Energy earlier this week released a
+report that warned of rising U.S. reliance on foreign oil
+imports at a time when domestic production is declining. It
+suggested options for the administration to consider, but made
+no specific recommendations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12443" NEWID="7530">
+<DATE>19-MAR-1987 21:36:32.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2836&#31;reute
+u f BC-BELGRADE-UNIONS-ATTAC   03-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGRADE UNIONS ATTACK YUGOSLAV PAY FREEZE</TITLE>
+<DATELINE>     BELGRADE, March 20 - </DATELINE><BODY>Belgrade trade union leaders have
+joined attacks on a controversial wage freeze in Yugoslavia and
+reported strikes spreading to the capital.
+    Miodrag Lazarevic, president of the Belgrade trade unions
+council, said the government must take responsibility for the
+effects of the law imposing the wage freeze.
+    Under the law, which was enacted on February 27 and will
+remain in force until July 1, wage levels of the last quarter
+of 1986 were reimposed and future pay rises were pegged to
+productivity. The move has caused resentment and widespread
+industrial unrest throughout the country.
+    Another Belgrade trade union council leader, Predrag
+Petrovic, was quoted as saying hundreds of workers had been on
+strike in Belgrade.
+    Yugoslav trade unions are an integral part of the communist
+political system and their role has traditionally not been to
+defend workers from the government. The criticisms by the
+Belgrade union leaders indicated wider trade union resentment
+of the law than earlier reported.
+    The government has officially reported 70 strikes
+throughout the country, although Yugoslav newspapers have
+indicated there have been more.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12444" NEWID="7531">
+<DATE>19-MAR-1987 21:57:04.60</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2844&#31;reute
+u f BC-TAIWAN'S-EXPORT-ORDER   03-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN'S EXPORT ORDERS FALL IN FEBRUARY</TITLE>
+<DATELINE>    TAIPEI, March 20 - </DATELINE><BODY>Export orders for Taiwanese products
+fell 1.37 pct to 3.58 billion U.S. Dlrs in February from 3.63
+billion in January, but rose nearly 43 pct from 2.51 billion a
+year earlier, an Economic Ministry official said.
+    He attributed the fall to the rising Taiwan dollar.
+    February orders for electric and electronic goods were 619
+mln U.S. Dlrs, up from 574 mln in January and 370 mln in
+February 1986. Garment orders were 324 mln dlrs against 383 mln
+and 283 mln while footwear orders were 297 mln compared with
+333 mln and 200 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12445" NEWID="7532">
+<DATE>19-MAR-1987 22:07:29.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>west-germany</D></PLACES>
+<PEOPLE><D>von-weizsaecker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2849&#31;reute
+u f BC-WEIZSAECKER-CALLS-FOR   03-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEIZSAECKER CALLS FOR EASIER ARGENTINA DEBT TERMS</TITLE>
+<DATELINE>    BUENOS AIRES, March 19 - </DATELINE><BODY>West German President Richard von
+Weizsaecker called on creditor banks to ease pressure on
+Argentina's foreign debt repayment terms.
+    "We cannot remain indifferent to the pressure of creditor
+banks, since there is correlation between political stability
+and the economic situation," Weizsaecker told reporters.
+    Argentina said last month it would suspend debt payments if
+creditor banks did not loosen repayment terms and grant a new
+2.15 billion dlr loan.
+    Argentina's debt is Latin America's third largest at 51
+billion dlrs.
+    Weizsaecker, on a four-day official visit to Argentina,
+said: "Argentina's problems require joint action from creditor
+and debtors countries," and not prepared recipes from creditor
+banks.
+    A group of ecologists staged a demonstration to protest
+Argentina's plans to build a fourth nuclear power plant and a
+German company's role in the project as a contractor.
+    Earlier, Weizsaecker said that the potential of Patagonia,
+the barren tableland covering a third of Argentina, could
+assure the economic future of the country.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12446" NEWID="7533">
+<DATE>19-MAR-1987 22:20:52.17</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f2853&#31;reute
+u f BC-BOLIVIAN-MINERS-CALL   03-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIVIAN MINERS CALL GENERAL STRIKE</TITLE>
+<DATELINE>     LA PAZ, March 19 - </DATELINE><BODY>About 9,000 miners employed by the
+state corporation, Comibol, declared a general strike as from
+midnight (0400 gmt) to press for higher salaries, a statement
+by the federation for Bolivian mine workers said.
+     It said the strike was called to defend the nationalised
+mining industry. The miners were willing to negotiate with the
+government of President Victor Paz Estenssoro, but only if it
+showed an intention to meet the strikers' demands.
+     The government said the strike was designed to cause it
+embarrassment during the four-day visit of West German
+President Richard Von Weizsaecker, which starts on Friday.
+    The miners statement said police had violently evicted
+Comibol office workers in the city of Oruro after they began a
+hunger strike yesterday.
+    The government has sacked about 20,000 miners from its
+deficit-ridden corporation since the collapse in the
+international price of tin. The lay-offs represent about
+two-thirds of the original workforce.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12447" NEWID="7534">
+<DATE>19-MAR-1987 22:25:09.31</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f2856&#31;reute
+u f BC-CHINESE-PORT-UNDERUSE   03-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINESE PORT UNDERUSED DESPITE CONGESTION NEARBY</TITLE>
+<DATELINE>    NINGBO, China, March 20 - </DATELINE><BODY>The Chinese port of Ningbo is
+working well below capacity despite being only 130 miles from
+Shanghai, which is seriously congested, a port official said.
+    Jiang Feng Xiang said the port -- the deepest in China --
+handled 17.95 mln tonnes of cargo last year, up from 10.44 mln
+in 1985, but well below its potential capacity of 32 mln
+tonnes. Shanghai handled 100 mln tonnes of cargo in 1986.
+    Jiang said Ningbo is under-utilised because of its
+inadequate facilities, including a single track rail line
+linking it to Hangzhou, where it joins the national network.
+    Ningbo handles crude oil exports and transhipments of coal
+from north to south China and imports include fertiliser and
+soda ash and iron ore from Brazil and Australia. The docks can
+handle ships of up to 150,000 tonnes and oil tankers of up to
+200,000 tonnes can load and unload in the harbour.
+    Most of Ningbo's port infrastructure has been built since
+1979, official publications show. A container berth and two
+timber and three general cargo berths will be added during the
+current 1986-90 five-year plan, Jiang said.
+    "The rail line to Hangzhou will be double tracked by 1995.
+By 2000, maybe, we will overtake Shanghai," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12448" NEWID="7535">
+<DATE>19-MAR-1987 22:32:43.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2859&#31;reute
+u f BC-U.S.-SAY-SOVIET-UNION   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAY SOVIET UNION HAS EXCEEDED MISSILE PACT</TITLE>
+<DATELINE>    WASHINGTON, March 19 - </DATELINE><BODY>President Reagan accused the Soviet
+Union of exceeding a traditional restrictive reading of the
+1972 Anti-Ballistic Missile treaty, but said the U.S. Saw no
+reason yet to follow suit.
+    "We believe that the Soviet Union has been going even beyond
+a liberal interpretation of the treaty," he said at a news
+conference.
+    There has been speculation the U.S. Administration was
+moving toward a looser reading of the treaty in order to permit
+the development of the "Star Wars" anti-missile system, but
+Reagan said no decision has yet been made.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12449" NEWID="7536">
+<DATE>19-MAR-1987 22:34:42.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2860&#31;reute
+u f BC-JAPAN-ECONOMIC-PACKAG   03-19 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ECONOMIC PACKAGE AFTER BUDGET - MIYAZAWA</TITLE>
+<DATELINE>    TOKYO, March 20 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said
+Japan plans to announce a package of economic measures
+immediately after the 1987/88 budget passes Parliament.
+    The passage of the full budget is expected after May 20 as
+the government has decided to compile a 50-day stop-gap budget
+for the year starting April 1. An opposition boycott over a
+proposed sales tax has disrupted parliamentary business.
+    Miyazawa told a press conference Prime Minister Yasuhiro
+Nakasone is unlikely to take the package to Washington.
+    Nakasone hopes to meet President Reagan in late April or
+early May to prepare for the Venice economic summit in June.
+    Asked if he planned to visit the U.S. To attend monetary
+conferences including International Monetary Fund meetings in
+early April, Miyazawa said he will make a decision carefully on
+the matter, taking into account parliament debate.
+    The package is likely to include a record amount of public
+works spending in the first 1987/88 half, Miyazawa said.
+    Miyazawa said the provisional budget will total about 8,800
+billion yen and incorporate a little more than 1,800 billion
+for public works. Japan expects the stop-gap budget to help
+spur the economy, Miyazawa said.
+    Miyazawa said the Government and the ruling Liberal
+Democratic Party will seek the passage of the bills related to
+the controversial sales tax without any revision.
+    Japanese press reports had previously interpretated remarks
+by a top government official as indicating a revision of the
+tax but the official did not mean that, Miyazawa said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12450" NEWID="7537">
+<DATE>19-MAR-1987 22:52:49.94</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2867&#31;reute
+u f BC-VOLCKER-SAYS-U.S.-TRA   03-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER SAYS U.S. TRADE DEFICIT IS MAJOR CHALLENGE</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., March 19 - </DATELINE><BODY>Federal Reserve Board
+Chairman Paul Volcker said the U.S. Trade deficit is a
+challenge for the U.S. Equal to the Soviet Union launching of
+Sputnik.
+    "The international challenge implicit in our huge trade
+deficit has become the 1980s equivalent to the launch of
+Sputnik by the Russians in the 1950s, when we suddenly feared
+we were to be left in the wake of Soviet technological
+achievement," he said in an address to Florida educators.
+     He said the trade problem underscored the need to reform
+the U.S. Educational system to improve economic performance.
+    The Commerce Department reported last week that the
+nation's trade gap, calculated on a balance-of-payments basis,
+swelled to a record 38.37 billion dlrs in the fourth quarter,
+bringing the 1986 deficit to a record 147.71 billion dlrs.
+    Volcker called on educators to stress the development of
+basic reading, writing and mathematics skills and urged them to
+help students adapt to the fast-changing economic climate.
+    Volcker said the challenge was greatest in the education of
+low-income minority groups such as blacks and Hispanics.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12451" NEWID="7538">
+<DATE>19-MAR-1987 23:01:34.66</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2874&#31;reute
+u f BC-SHORT-TERM-YEN-INTERE   03-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHORT-TERM YEN INTEREST RATES SEEN FALLING SOON</TITLE>
+<DATELINE>    TOKYO, March 20 - </DATELINE><BODY>Japanese short-term interest rates,
+buoyed recently by seasonal factors, are likely to fall from
+the beginning of April when the new financial year begins,
+money traders said.
+    The Bank of Japan is expected to encourage the trend
+following its attempts to pressure rates to enhance its
+discount rate cut on February 23, they said.
+    The Bank cut the rate to 2.5 pct from three, and began
+actively injecting funds into the money market to offset rate
+rises resulting from the end-of-fiscal-year surge in demand for
+funds from financial institutions.
+    Despite its attempts to dampen rates with measures such as
+aggressive commercial bill purchases, the central bank has
+failed to remove all upward pressure, money traders said.
+    Attractive interest rates offered by domestic banks to
+compete for time deposits of more than 600 mln yen has
+underpinned short-term rates, they said.
+    Interest rates on time deposits of more than 600 mln yen
+were decontrolled by the Finance Ministry last September.
+    This resulted in such deposits with domestic banks rising
+to 17,830 billion yen by the end-December, a three-fold
+increase on end-December 1985 levels, bankers said.
+    On March 31, the money market expects to see a 2,000
+billion yen surplus resulting from government payment of fiscal
+funds, money traders said.
+    From April 1, they predict the unconditional call rate will
+fall to 3.5000 pct from 3.7500 pct today and the one-month
+commercial bill discount rate to drop to 3.7500 pct from 4.0635
+pct.
+    They predict the three-month bill discount rate to slip to
+3.875 pct from 4.0000 today and the three-month certificate of
+deposit rate to slide to 4.10/4.15 from 4.35/25.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13060" NEWID="7539">
+<DATE>20-MAR-1987 00:19:39.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE><D>singhasaneh</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0009&#31;reute
+u f BC-KRUNG-THAI-BANK-TO-TA   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRUNG THAI BANK TO TAKE OVER SAYAM BANK</TITLE>
+<DATELINE>    BANGKOK, March 20 - </DATELINE><BODY>The state-owned Krung Thai Bank Ltd
+will start taking over state-owned Sayam Bank Ltd and complete
+the process in a year, Finance Minister Suthee Singhasaneh told
+a press conference.
+    He said the takeover decision was made this week to stem
+the current heavy losses of Sayam and to avoid competition
+between the two state-owned institutions.
+    The minister said some of the existing 30 Sayam Bank
+branches will be merged with their Krung Thai counterparts,
+while others will continue operating but under Krung Thai's
+name.
+    Sayam Bank has existed since August 1984 when the Finance
+Ministry took over and re-named the Asia Trust Bank Ltd.
+    Sayam president Waree Havanonda told reporters last month
+her bank posted a loss of more than 400 mln baht in 1986. At
+the end of 1985 the bank, with 13.8 billion baht of assets, was
+ranked 12th among Thailand's 16 local commercial banks.
+    Waree said Sayam Bank was trying to recall about six to
+seven billion baht of loans extended by its previous private
+management and was taking legal action to collect another four
+to five billion baht of doubtful debts.
+    Krung Thai is Thailand's third largest bank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13061" NEWID="7540">
+<DATE>20-MAR-1987 01:01:53.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>south-korea</D><D>usa</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0025&#31;reute
+u f BC-JAPAN-TURNS-AWAY-FAKE   03-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TURNS AWAY FAKE SOUTH KOREAN FOOTWEAR</TITLE>
+<DATELINE>    TOKYO, March 20 - </DATELINE><BODY>Japanese customs, faced with a flood of
+fake Reebok sneakers from South Korea, have turned away some
+100,000 pairs since last summer, Rebook officials said.
+    A Ministry of Finance spokesman said officials at the ports
+of Tokyo, Osaka, Yokohama and Kobe had begun barring
+counterfeit footwear but declined to say how many pairs.
+    A spokesman for Reebok Japan, the local subsidiary of
+Reebok International &lt;RBK> of Avon, Massachussetts, said the
+firm had complained of the influx to the Ministry last July.
+    "They use our trademark and everything. And it's easy to
+fake our trademark," the Reebok spokesman said.
+    He said customs had sent back some 100,000 pairs to South
+Korea, but the Finance Ministry declined to confirm this.
+    "Because of various reasons, we cannot say how many pairs
+have been turned away," the ministry spokesman said.
+    The Reebok spokesman said an unspecified number of fake
+Reeboks have made it into the country, and were being sold at
+cut-rate prices in Tokyo and Osaka stores.
+    "They go for about 20 to 30 pct less than the price of
+genuine Reeboks," the spokesman said. A pair of real Reeboks
+sells for about 10,000 yen in Japan.
+    The government last summer warned stores not to carry the
+shoes and Reebok has sued two for continuing to sell them, he
+said. No action has been taken against the South Korean
+manufacturers, he said.
+    Reebok has also found counterfeits from Taiwan and the
+Philippines aimed at the U.S. Market and fakes from Spain
+targetted at European markets, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13062" NEWID="7541">
+<DATE>20-MAR-1987 01:12:42.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0029&#31;reute
+u f BC-KOMATSU-LTD-&lt;KOMT.T>   03-20 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOMATSU LTD &lt;KOMT.T> YEAR 1986</TITLE>
+<DATELINE>     TOKYO, March 20 -
+     </DATELINE><BODY>Group shr 17.68 yen vs 26.49
+     Net 14.70 billion vs 21.92 billion
+     Pretax 35.76 billion vs 48.85 billion
+     Operating 32.88 billion vs 51.90 billion
+     Sales 788.73 billion vs 796.24 billion
+     NOTE - Company forecast for current year is group net
+15.50 billion on sales of 800 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13063" NEWID="7542">
+<DATE>20-MAR-1987 01:33:53.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0034&#31;reute
+u f BC-AUSTRALIAN-TREASURY-N   03-20 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN TREASURY NOTE TENDER 500 MLN DLRS</TITLE>
+<DATELINE>    SYDNEY, March 20 - </DATELINE><BODY>The Reserve Bank said it would offer 400
+mln dlrs of 13-week treasury notes and 100 mln of 26-week notes
+for tender next week
+    The bank said it would not take up any stock at next week's
+auction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13064" NEWID="7543">
+<DATE>20-MAR-1987 01:35:50.02</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0036&#31;reute
+u f BC-S.-KOREAN-FEBRUARY-CU   03-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. KOREAN FEBRUARY CURRENT ACCOUNT SURPLUS NARROWS</TITLE>
+<DATELINE>    SEOUL, March 20 - </DATELINE><BODY>South Korea's current account surplus
+narrowed to 419 mln dlrs in February from 679 mln in January
+compared with a deficit of 112 mln dlrs in February last year,
+provisional Bank of Korea figures show.
+    The current account in the two months of January and
+February swung to a surplus of 1.1 billion dlrs from a deficit
+of 494 mln dlrs in the same 1986 period.
+    The February trade surplus narrowed to 235 mln dlrs from
+582 mln in January compared with a deficit of 98 mln dlrs a
+year ago.
+    The overall balance of payments surplus rose to 840 mln
+dlrs in February from 716 mln in January and 76 mln in February
+1986.
+    Exports were 2.86 billion dlrs in February against 2.83
+billion in January and 2.23 billion in February last year.
+Imports were 2.63 billion against 2.25 billion and 2.32
+billion.
+    The February invisible trade surplus rose to 109 mln dlrs
+from 24 mln in January and compared with a deficit of 74 mln a
+year ago.
+    The transfer payments surplus widened to 75 mln dlrs in
+February from 73 mln in January and 60 mln a year ago.
+    The long-term capital account surplus was 198 mln dlrs in
+February against 211 mln in January and 55 mln in February last
+year. The short-term capital account surplus was 87 mln dlrs
+against 46 mln and 158 mln.
+    The errors and omissions account left a surplus of 840 mln
+dlrs in February against deficits of 220 mln in January and 25
+mln in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13065" NEWID="7544">
+<DATE>20-MAR-1987 01:46:45.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0044&#31;reute
+u f BC-KIRIN-BREWERY-CO-LTD   03-20 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIRIN BREWERY CO LTD &lt;KNBW.T> YEAR TO JANUARY 31</TITLE>
+<DATELINE>    TOKYO, March 20 -
+    </DATELINE><BODY>Parent shr 37.12 yen vs 34.97
+    Div 9.50 yen vs 7.50
+    Net 33.34 billion vs 31.05 billion
+    Current 79.30 billion vs 73.32 billion
+    Operating 72.13 billion vs 65.53 billion
+    Sales 1,222 billion vs 1,211 billion
+    Outstanding shrs 897.96 mln vs 887.76 mln
+    NOTE - 1986/87 dividend included two yen bonus dividend to
+mark 80th anniversary. Company forecast for current year is
+parent shr 37.86 yen, div 7.50 yen, net 34 billion, current 81
+billion and sales 1,250 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13066" NEWID="7545">
+<DATE>20-MAR-1987 02:00:36.51</DATE>
+<TOPICS><D>grain</D><D>rice</D><D>wheat</D><D>tea</D><D>sugar</D></TOPICS>
+<PLACES><D>hong-kong</D><D>australia</D><D>sri-lanka</D><D>china</D><D>indonesia</D><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0051&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - ASIAN DROUGHTS</TITLE>
+<AUTHOR>    By Gavin Greenwood, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, March 20 - </DATELINE><BODY>Three geographically diverse droughts
+in Asia are being linked by some scientists to a
+reintensification of the complex and little-understood El Nino
+weather pattern, &lt;Accu-Weather Inc>, a commercial weather
+forecasting service, said.
+    Rice and wheat farmers in China, wheat and sugarcane
+growers in Australia and tea planters in Sri Lanka all face
+serious losses to their respective harvests unless rains arrive
+in time to break the droughts, offical reports, government
+officials and meteorologists said.
+    Wen Wei Po, a Hong Kong daily with close Peking links, said
+the drought is the worst in over 20 years and some provinces
+have been without adequate rainfall for more than seven months.
+    Rice planting is threatened in eight provinces, it added.
+    Rainfall in the key farming provinces of Henan and Sichuan
+was 70 pct below average during February, the lowest figure for
+over 20 years, the paper said.
+    The dry weather has cut stored water volumes by over 20 pct
+compared with last March and lowered the water levels of many
+rivers, it added.
+    This has resulted in reduced hydro-electric power, causing
+shortages to industry and households. The upper reaches of the
+Yangtze are at their lowest levels in a century, causing many
+ships to run aground, Wen Wei Po said.
+    Unusually high temperatures have also been reported across
+China, media reports said. The People's Daily said Sichuan has
+recorded temperatures three degrees Celsius higher than average
+since early February.
+    The New China News Agency said the average December
+temperature in Harbin in the northeast was six degrees higher
+than last December and 14 degrees higher than December 1984.
+    Severe drought is affecting about one-third of Sri Lanka
+and threatens to reduce the country's tea crop, Ministry of
+Plantation Industries officials told Reuters
+    In Australia, concern is growing about below-average
+rainfall levels in parts of the sugarcane belt along the
+Queensland coast and in Western Australia's wheat belt, local
+Meteorological Bureau officials said.
+    For many farmers and government officials the fear is that
+while the present low rainfall does not yet pose a major
+threat, the prospect of a dry autumn/winter season when the
+wheat crop is in its early stages certainly does, they added.
+    Concern is heightened by the memory of the 1982/83 drought
+which devastated the wheat crop and coincided with the
+occurrence of the barely understood weather phenomenon known as
+El Nino, they said.
+    Although meteorologists are cautious about linking the
+Asia-Pacific region's disrupted weather patterns to any single
+cause, El Nino's role is being closely studied, they said.
+    Accu-Weather Inc, which specialises in providing data for
+agriculture and shipping interests, said each El Nino 'event'
+was unique.
+    The El Nino does not always produce the same effects and
+the present occurrence is much less pronounced than the last
+major event in 1982/83, it said.
+    El Nino, Spanish for "Christ Child" because it appears around
+Christmas, is formed by the action of warm air, bearing clouds
+and rain, shifting from the Indonesian archipelago to the coast
+of Peru, where it mingles with the cold waters associated with
+the Peru current and returns across the Pacific as the trade
+winds, meteorologists said.
+    The winds, strengthened by El Nino's "pump" effect, raise the
+sea level off Australia and Indonesia, they said.
+    When the winds drop, the ocean, seeking equilibrium, sends
+a surge of warmer water back across the Pacific where it
+collides with the cold seas off Peru, they said.
+    One effect of this heat exchange is to deflect the
+rain-bearing clouds away from Australia and Indonesia into the
+Pacific, where they further disrupt other weather patterns.
+    The prospects for an end to the droughts vary, Accu-Weather
+said.
+    China, where the affected areas have received between 40
+and 75 pct of normal rainfall, will have to wait for the
+May-September rains, it said.
+    The May-September rains normally provide the
+drought-striken areas with 80 pct of annual rainfall.
+    In Australia, areas of Queensland's coastal strip have
+received less than half the normal rainfall during the current
+wet season, but prospects for increased rains are diminishing
+as the rainy season draws to an end.
+    In Sri Lanka, the drought has come when rainfall should be
+at its maximum for the year. The year's secondary rains usually
+occur between April and June, although it is not possible at
+this stage to forecast whether they will arrive as usual.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13067" NEWID="7546">
+<DATE>20-MAR-1987 02:13:49.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0067&#31;reute
+u f BC-MORGAN-GUARANTY-OFFER   03-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN GUARANTY OFFERS AUSTRALIAN DOLLAR ISSUES</TITLE>
+<DATELINE>    HONG KONG, March 20 - </DATELINE><BODY>&lt;Morgan Guaranty Australia Ltd> said
+it is expanding its 200 mln U.S. Dlr Euro-commercial paper
+program to include Australian dollar issues.
+    The proportion of the facility to be issued in Australian
+dollar paper will depend on investor demand, but the total
+outstanding value will still not exceed 200 mln U.S. Dlrs.
+    Morgan Guaranty Ltd's Hong Kong office will act as dealer
+for the Australian dollar issues.
+    Under the program, notes in denominations of one mln dlrs
+will be issued, with maturities ranging from seven days to one
+year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13068" NEWID="7547">
+<DATE>20-MAR-1987 02:17:06.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>ecuador</D><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0070&#31;reute
+u f BC-VOLCKER-SAYS-BRAZIL-D   03-20 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER SAYS BRAZIL DEBT MOVE WILL NOT HURT BANKS</TITLE>
+<AUTHOR>    By Matt Spetalnick, Reuters</AUTHOR>
+<DATELINE>    JACKSONVILLE, Fla., March 20 - </DATELINE><BODY>Federal Reserve Board
+Chairman Paul Volcker said the suspension by Brazil of its
+foreign debt payments would not undermine U.S. Banks.
+    But he told Reuters after a speech to educators that it was
+in the interest of U.S. Banks to complete debt financing plans
+soon with Brazil and other debtor nations.
+    "I don't think it's going to undermine public confidence in
+the banking system from Brazil alone," he said. "But I would like
+to see further progress made on this whole situation."
+    Brazil announced last month it was temporarily suspending
+interest payments on 68 billion dlrs of debt owed to private
+banks, opening a new round in the five-year-old debt crisis.
+    Last week, Ecuador suspended interest payments to private
+foreign banks, which hold about two-thirds of its total 8.3
+billion dlr foreign debt, citing severe damage to its oil
+industry caused by an earthquake.
+    Citicorp &lt;CCI> the largest U.S. Bank, said last week that
+it might have to reclassify most of its 4.6 billion dlrs in
+Brazilian loans as non-performing, thus removing them as part
+of the bank's expected income-producing assets.
+    Analysts said such a move would sharply reduce Citicorp's
+profits and might result in similar measures by Brazil's other
+bank creditors.
+    Volcker said he believed Brazil and Ecuador want to
+maintain continuity in their debt service.
+    "It's fundamentally in their best interest. If they can get
+the financing and refinancing that's necessary, they may be
+able to make their economies grow again."
+    Asked whether he expected other nations to follow the path
+taken by Brazil and Ecuador, he said the two countries were
+special cases. He did not elaborate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13069" NEWID="7548">
+<DATE>20-MAR-1987 02:34:59.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0082&#31;reute
+u f BC-RAINBOW-AND-EQUITICOR   03-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAINBOW AND EQUITICORP PLACE ULTRAMAR STAKE</TITLE>
+<DATELINE>    WELLINGTON, March 20 - </DATELINE><BODY>New Zealand investment companies
+&lt;Rainbow Corp Ltd> and &lt;Equiticorp Holdings Ltd> have placed
+the majority of their joint shareholding in oil and gas
+conglomerate Ultramar PLC &lt;UMAR.L> at prices up to 2.20 stg per
+share, the companies said in a statement.
+    The companies said they had bought their 4.9 pct stake in
+Ultramar for a total of 50 mln N.Z. Dlrs through a joint
+venture company formed for that purpose in October.
+    They said the joint venture made a profit of 15 mln N.Z.
+Dlrs on the deal, but they did say how many shares they had
+sold. No further details of the sale were available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13070" NEWID="7549">
+<DATE>20-MAR-1987 02:43:03.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0087&#31;reute
+u f BC-CHINA-OMITS-KEY-REFOR   03-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA OMITS KEY REFORM FROM PARLIAMENTARY AGENDA</TITLE>
+<DATELINE>    PEKING, March 20 - </DATELINE><BODY>Hardliners have blocked debate on a key
+economic reform in China's parliament, a clear challenge to
+reformers among the leadership, western diplomats said.
+    The annual session of the National People's Congress next
+week was to have discussed a draft law which would bolster the
+independence of factory chiefs while eroding the power of local
+Communist Party officials.
+    The decision not to include the draft law was announced by
+the congress's standing committee, the People's Daily said. The
+committee's chairman is Peng Zhen, considered one of the more
+conservative figures in the Chinese leadership.
+    The "factory director responsibility system" covered by the
+draft law has already been experimentally introduced in state
+firms over the last three years, giving managers greater
+freedom from the control of factory party committees.
+    Diplomats said the agenda decision appeared to contradict
+assurances by top leader Deng Xiaoping that reforms were not
+threatened by the current campaign against "bourgeois
+liberalisation," or western political ideas.
+    Earlier this week Deng raised expectations for the session
+by saying plans to reform China's political structure would be
+unveiled in 1987, diplomats said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13071" NEWID="7550">
+<DATE>20-MAR-1987 02:59:52.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0094&#31;reute
+u f BC-REBEL-AMBUSH-KILLS-18   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REBEL AMBUSH KILLS 18 SOLDIERS IN PHILIPPINES</TITLE>
+<DATELINE>    MANILA, March 20 - </DATELINE><BODY>Communist rebels killed 18 soldiers on
+Mindanao island in the southern Philippines, the army said.
+    Military officials said about 70 soldiers on foot patrol
+were attacked by guerrillas on the border area around Misamis
+Occidental and Davao del Sur provinces.
+    The state-run Philippine News Agency said at least 18
+rebels died in the clash, but the military officials could not
+confirm the report.
+    On Tuesday, 19 soldiers were killed in Quezon province in
+the northern island of Luzon after land mines blew up an
+armoured vehicle and a troop-carrying truck.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13072" NEWID="7551">
+<DATE>20-MAR-1987 03:33:00.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0130&#31;reute
+u f BC-WORLD-BANK-TEAMS-STUD   03-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK TEAMS STUDYING PHILIPPINE LOAN REQUESTS</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 20 - </DATELINE><BODY>Two World Bank review teams are in the
+Philippines to assess government requests for funding for an
+expanded housing plan and an accelerated land reform program,
+bank officials said.
+    They told Reuters the housing program loan request is for
+100 mln to 150 mln dlrs.
+    The government has said it will ask for another 500 mln dlr
+long-term loan from a World Bank-led consultative group of
+multilateral and bilateral aid donors to partially fund its
+land reform program.
+    The officials said negotiations will start next month on
+another 150 mln dlr loan sought by Manila to carry out reforms
+in 14 major state-owned corporations.
+    On Tuesday, the world bank approved two loans totalling 310
+mln dlrs to help the country's economic recovery program.
+    The bank was also studying Philippine proposals for loans
+to finance geothermal and education projects, sources said.
+    World Bank sources said the bank's lending to the
+Philippines since 1957, including the latest loan, totalled 4.3
+billion dlrs. The money has been spread out over more than 100
+loans and about 1.2 billion dlrs remains undisbursed.
+    The World Bank sources said the bank cancelled 450 mln dlrs
+in loan commitments to the Philippines during the last three
+years of President Ferdinand Marcos's rule. Marcos was toppled
+by a military-civilian revolt in February 1986.
+    "The loans were cancelled because the projects slated for
+aid were not implemented properly," they said.
+    The sources said the bulk of this week's loan would be used
+to rehabilitate the state-owned Development Bank of the
+Philippines (DBP) and the Philippine National Bank (PNB) which
+are saddled with seven billion dlrs of non-performing assets.
+    "At least 300 mln dlrs of previously cancelled loans were
+supposed to go to the DBP," the World Bank sources said. "Over
+the past three years the bank's disbursement pipeline to the
+Philippines almost completely dried up."
+    In 1986 alone, the two banks paid out 16 billion pesos in
+loan repayments, about 59 pct of the government's budget
+deficit of 27 billion pesos for the year, they said.
+    Agreement on the latest loan was reached in principle last
+September when President Corazon Aquino visited the U.S. The
+sources said the loan was held up because of delays by the
+government in submitting essential documents.
+    The World Bank sources said the request for land reform
+funding would be discussed at a meeting of the World Bank-led
+consultative group to be held alongside the April 27-29 annual
+meeting of the Asian Development Bank (ADB) in Osaka.
+    The government has said the land reform plan aims to
+distribute 9.7 mln hectares of land to impoverished peasants.
+    The sources said the Philippine government estimated the
+entire program would cost 60 billion pesos. "About 27 billion is
+long-term and will cover land transfer costs borne mainly by
+landowners," they said. "The landowners will be paid in 10-year
+bonds redeemable in ten instalments."
+    The sources said the bulk of financing would cover
+development costs for the land program and help to bridge the
+gap between the 10-year spread of payments to landowners and a
+proposed 30-year loan repayment period for land buyers.
+    "If you include interest, the total amount of external
+assistance needed annually should not exceed 200 mln dlrs," the
+sources said. "That volume of aid does not appear difficult."
+    They said Japan, the World Bank and the ADB are expected to
+provide most of the financing while the Philippines' 12
+bilateral aid donors would contribute the rest.
+    The World Bank sources said lending to the Philippines is
+designed to support its balance of payments position while the
+government aims for a target of six to seven pct annual gross
+national product growth.
+    "Brazil did not do this homework," one said. "They pushed
+ahead with a recovery program without ensuring backing for
+their balance of payments position. Manila is being more
+cautious and aims at soft borrowings which, it is hoped, will
+be outstripped by annual growth rates and eventually result in
+the country emerging from debt in five or six years."
+    Philippine foreign debt is currently 27.8 billion dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13073" NEWID="7552">
+<DATE>20-MAR-1987 03:47:05.89</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>philippines</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0154&#31;reute
+u f BC-PHILIPPINE-COPPER-SME   03-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE COPPER SMELTER FACES SHIPMENT DELAYS</TITLE>
+<DATELINE>    MANILA, March 20 - </DATELINE><BODY>Copper shipments are likely to be
+delayed because of power problems at &lt;Philippine Associated
+Smelting and Refining Corp> (PASAR), the country's only
+smelter, a company official said.
+    Asked to confirm reports by New York copper trade sources
+about PASAR's shipment problems, marketing manager Deogracias
+Madrid told Reuters, "They are partly correct. There could be a
+probable delay."
+    Madrid declined to give more details, or production and
+export figures, saying the information could lead to
+speculation.
+    PASAR's smelter is in the central province of Leyte.
+    The New York trade sources said if PASAR's shipments were
+delayed, customers might have to turn to the London Metal
+Exchange for supply.
+    "We have a commitment to our customers and I would not like
+to comment on that," Madrid said.
+    A spokeswoman for the Chamber of Mines said Philippine
+copper production amounted to 222,644 tonnes in 1986, down
+slightly from 226,157 tonnes in 1985. She said production in
+the first two months of 1987 totalled 34,550 tonnes, compared
+with 36,462 tonnes in the same 1986 period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13074" NEWID="7553">
+<DATE>20-MAR-1987 03:52:45.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0162&#31;reute
+b f BC-SCHLESWIG-HOLSTEIN-IS   03-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHLESWIG-HOLSTEIN ISSUES 400 MLN MARK BOND</TITLE>
+<DATELINE>    FRANKFURT, March 20 - </DATELINE><BODY>The West German federal state of
+Schleswig-Holstein is issuing a 400 mln mark domestic bond,
+carrying a coupon of six pct and priced at 100.40, lead manager
+Landesbank Schleswig-Holstein - Girozentrale said.
+    The eight-year offer yields 5.94 pct to retail investors at
+issue and will go on sale on March 25.
+    Some 300 mln will be offered for immediate sale, and 100
+mln will be retained for market regulation.
+    The bond matures on April 20, 1995. Listing will be on all
+eight West German stock exchanges.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13075" NEWID="7554">
+<DATE>20-MAR-1987 03:58:31.09</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0167&#31;reute
+f f BC-******   03-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German M3 rose 2.6 billion marks in February to 1,035.1 billion - Bundesbank
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13076" NEWID="7555">
+<DATE>20-MAR-1987 04:01:44.83</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0169&#31;reute
+b f BC-GERMAN-M3-RISES-2.6-B   03-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN M3 RISES 2.6 BILLION MARKS IN FEBRUARY</TITLE>
+<DATELINE>    FRANKFURT, March 20 - </DATELINE><BODY>West German M3 money supply rose a
+seasonally adjusted 2.6 billion marks in February to 1,035.1
+billion, the Bundesbank said.
+    The rise compares with a revised 14.8 billion mark increase
+in January and a 2.2 billion rise in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13077" NEWID="7556">
+<DATE>20-MAR-1987 04:21:30.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0189&#31;reute
+f f BC-SAS-SAYS-PLANS-TO-BUY   03-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SAS SAYS PLANS TO BUY 12 MCDONNEL DOUGLAS MD-11s IN DOUBT- OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13078" NEWID="7557">
+<DATE>20-MAR-1987 04:22:47.58</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>belgium</D><D>usa</D><D>japan</D><D>brazil</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0191&#31;reute
+r f BC-NON-COMMUNIST-STEEL-O   03-20 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NON-COMMUNIST STEEL OUTPUT CONTINUES TO FALL</TITLE>
+<DATELINE>    BRUSSELS, March 20 - </DATELINE><BODY>Steel output in the major
+non-Communist producing countries fell sharply in February,
+continuing a long-running trend, International Iron and Steel
+Institute figures showed.
+    Production in the 30 countries which report their figures
+to it was 6.9 pct below the February 1986 level at 32.03 mln
+tonnes.
+    Output in the United States fell 18.5 pct to 5.30 mln
+tonnes, that in Japan 7.8 pct to 7.27 mln and that in the
+European Community 6.5 pct to 9.91 mln.
+    The figures continue to indicate a switch away from these
+traditional major producing countries to the more advanced
+developing countries.
+    Brazilian February output rose 9.2 pct from year-earlier
+levels to 1.73 mln tonnes and that in South Korea was up 7.5
+pct at 1.17 mln tonnes.
+    The 30 countries covered by the figures account for about
+97 pct of world non-Communist steel production, the Institute
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13079" NEWID="7558">
+<DATE>20-MAR-1987 04:23:14.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0193&#31;reute
+u f BC-GUINNESS-STARTS-COURT   03-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUINNESS STARTS COURT ACTION AGAINST SAUNDERS</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>Guinness Plc &lt;GUIN.L> said it has
+started court proceedings against former chairman and chief
+executive Ernest Saunders and non-executive director Thomas
+Ward for recovery of 5.2 mln stg.
+    The money was paid to Ward via Marketing and Acquisition
+Consultants Ltd in Jersey.
+    Guinness said earlier it would propose a resolution at the
+annual meeting in May to remove Saunders and Ward as directors
+of the company.  Earlier this month, lawyers for Ward told a
+Jersey court that Ward saw the payment as his reward for
+services in last year's takeover battle for &lt;Distillers Co
+Plc>.
+    Guinness has said that both men breached their fiduciary
+duty in authorising the payment.
+    Saunders resigned from his executive positions at Guinness
+in January in the aftermath of a government enquiry into share
+dealings during the battle for Distillers but retained his
+position on the board.
+    No spokesman for Guinness was immediately available for
+comment on the statement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13080" NEWID="7559">
+<DATE>20-MAR-1987 04:31:19.75</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0199&#31;reute
+b f BC-NEW-DUTCH-ADVANCES-TO   03-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW DUTCH ADVANCES TOTAL FOUR BILLION GUILDERS</TITLE>
+<DATELINE>    AMSTERDAM, March 20 - </DATELINE><BODY>The Dutch Central Bank said it has
+accepted bids totalling 4.00 billion guilders at tender this
+morning for new five-day special advances at 5.3 pct for the
+period March 20 to 25.
+    Subscriptions to 250 mln guilders were fully met, amounts
+above 250 mln at 30 pct.
+    The new facility replaces old 11-day advances totalling 6.5
+billion guilders at the same rate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13081" NEWID="7560">
+<DATE>20-MAR-1987 04:41:47.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D><D>denmark</D><D>norway</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0221&#31;reute
+b f BC-SAS-POSTPONES-PLANS-T   03-20 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAS POSTPONES PLANS TO BUY 12 MD-11S</TITLE>
+<DATELINE>    STOCKHOLM, March 20 - </DATELINE><BODY>SAS &lt;Scandinavian Airline Systems>
+said it was postponing a decision on a 10-billion crown order
+for 12 McDonnell Douglas &lt;MD N> MD-11 airliners following what
+it said was an aggressive counter-bid from Airbus Industrie.
+    SAS signed a letter of intent for the MD-11s last December,
+but a company statement said the decision on whether to harden
+this up into a firm order would be linked to the outcome of
+negotiations with the United States on deregulating air fares
+across the North Atlantic.
+    The SAS move, said by analysts to be a big blow to
+McDonnell Douglas, came following a Copenhagen board meeting of
+the airline in which the governments of Sweden, Denmark and
+Norway jointly own a 50 pct stake. The remainder is held by
+industry.
+    A company statement said SAS would wait to see the outcome
+of the government-to-government negotiations with the United
+States, in which the three Scandinavian countries have demanded
+greater access to the U.S. Domestic market for SAS in exchange
+for deregulating prices across the North Atlantic.
+    At present SAS is allowed to fly to New York, Chicago, Los
+Angeles, Seattle and Anchorage.
+    SAS gave no details of the Airbus Industrie counter-offer
+for its long-range A340, but said it will study the bid
+further.
+    Swissair yesterday confirmed an order for the MD-11 long
+haul jets worth 1.2 billion Swiss francs and said it had
+preferred the McDonnell Douglas planes over the A340, a project
+that has not yet been formally launched, as it met the
+airline's requirements better and would be able to enter
+service in 1990.
+    SAS President Jan Carlzon announced the MD-11 order last
+December, saying the plane would replace the airline's current
+fleet of DC10s. The first of the MD-11s was to be delivered in
+1991 for use mainly on its intercontinental routes.
+    In January, SAS officials said Airbus had made a revised
+offer that included larger, more powerful engines and two
+versions of the four-engine plane. One would seat 220
+passengers and another 260 against the MD-11's 265-seat
+capacity.
+    The offer was part of a drive to secure at least five
+airline customers for the new aircraft to enable Airbus
+Industrie to launch production. Airbus is expected to decide
+whether to go ahead with the project next month.
+    SAS officials earlier said they did not expect the first
+A340 to be delivered before 1992. McDonnell Douglas had given
+SAS until March 31 to agree to final terms for the MD-11 deal.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13082" NEWID="7561">
+<DATE>20-MAR-1987 04:56:20.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0240&#31;reute
+r f BC-FINLAND-CONSIDERS-ABO   03-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINLAND CONSIDERS ABOLISHING PRICE CONTROLS</TITLE>
+<DATELINE>    HELSINKI, March 20 - </DATELINE><BODY>An official proposal that Finland
+scrap price controls and replace them with a system aimed at
+promoting competition is expected to go to parliament later
+this year, officials said.
+    The proposal handed to the government yesterday calls for
+parliament to be empowered to order three-month price freezes
+in place of the controls.
+    It proposes that a new board be set up to ensure large
+firms do not abuse their market positions and that monopolies
+do not expand beyond their approved sectors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13083" NEWID="7562">
+<DATE>20-MAR-1987 05:01:12.37</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0248&#31;reute
+b f BC-U.K.-MONEY-MARKET-OFF   03-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET OFFERED EARLY ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>The Bank of England said it had invited
+an early round of bill offers from the discount houses after
+forecasting a shortage of around 950 mln stg in the money
+market today.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and the take-up of treasury bills will drain
+around 572 mln stg while a rise in note circulation wil take
+out some 280 mlns stg.
+    In addition, exchequer transactions and bankers' balances
+below target will remove some 85 mln stg and 15 mln stg for the
+system respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13084" NEWID="7563">
+<DATE>20-MAR-1987 05:02:53.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0254&#31;reute
+u f BC-MCCARTHY-AND-STONE-GE   03-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCCARTHY AND STONE GETS 100 MLN STG FACILITY</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>McCarthy and Stone Plc, a public U.K.
+Company which owns and operates retirement homes, has signed a
+100 mln stg multi-option facility, National Westminster Bank
+Plc said as arranger.
+    The facility incorporate a 70 mln stg committed element
+from a group of international banks.
+    The facility will provide the group with working capital to
+meet its planned expansion in the U.K. Over the next three
+years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13085" NEWID="7564">
+<DATE>20-MAR-1987 05:04:35.11</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0258&#31;reute
+f f BC-Abbey-National-said-i   03-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Abbey National said it cutting U.K. Mortgage rate by 1.125 pct to 11.25 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13086" NEWID="7565">
+<DATE>20-MAR-1987 05:05:42.79</DATE>
+<TOPICS><D>grain</D><D>meal-feed</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0263&#31;reute
+u f BC-INDIA-DETAILS-RAIN/FL   03-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA DETAILS RAIN/FLOOD DAMAGE TO GRAIN IN 1986</TITLE>
+<DATELINE>    NEW DELHI, March 20 - </DATELINE><BODY>Rain and floods in India last year
+damaged about 69,000 tonnes of grain intended for human
+consumption during storage and transportation, food and civil
+supplies minister H. K. L. Bhagat told Parliament.
+    He did not give comparative figures and said the
+government-owned Food Corporation of India (FCI) had not yet
+decided whether these grains could be used as cattle feed.
+    Bhagat said the FCI had a total of 16.43 mln tonnes of food
+grains in its warehouses at the end of 1986. It had asked state
+governments to build more warehouses to avoid damage to grains.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13087" NEWID="7566">
+<DATE>20-MAR-1987 05:06:47.24</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>japan</D><D>brazil</D><D>mexico</D><D>philippines</D><D>indonesia</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D><D>adb-asia</D><D>adb-africa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0265&#31;reute
+u f BC-TROPICAL-FOREST-DEATH   03-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TROPICAL FOREST DEATH COULD SPARK NEW DEBT CRISIS</TITLE>
+<AUTHOR>    By Eric Hall, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 20 - </DATELINE><BODY>The death of the world's tropical rain
+forests could trigger a new debt crisis and social and
+biological disasters, scientists and ecologists involved with
+the International Tropical Timber Organisation (ITTO) said.
+    At stake is the ability of developing nations, including
+Brazil, Mexico and the Philippines, to service their debts and
+the loss of trade worth hundreds of billions of dollars in
+important sectors such as agriculture and pharmaceuticals, they
+said.
+    The experts, gathering ahead of an ITTO meeting of
+consumers and producers near Tokyo next week, said the problem
+is already acute.
+    The Philippines offers a textbook case of the economic
+dangers. "For many third world nations, the loss of the forest
+is not just a loss of resources," said Delfin Ganapin, a
+Philippine government consultant on environmental impact.
+    "In the 1960s we had 16 mln hectares of commercial forest,
+now we have one mln. We have only around 10 years of profitable
+logging left. With a 26 billion dlr debt, the loss of logging
+foreign exchange earnings is serious," he said.
+    About 14 mln Philippine people depend on upland areas that
+are now denuded and farmers cannot grow crops.
+    Government security advisers say that as a direct result,
+the most likely source of revolution in the Philippines is in
+the upland areas, said Ganapin.
+    Replanting is uneconomic and replanted tropical hardwoods
+have less than a 50 pct chance of survival. There is no known
+way to reproduce the wood, or the millions of species within.
+    "No replanting programme has been successful," said Almy
+Hafild from the Indonesian Network for Forest Conservation.
+    Ganapin said three billion dlrs would be needed in the next
+two years alone to save five mln hectares of critically denuded
+land in the Philippines.
+    The experts say that without a major initiative from the
+development banks, the vicious circle will continue with
+countries cutting more forest to help service short-term debts
+at the cost of long-term insolvency.
+    Yet timber, a five billion dlr a year industry, is not
+necessarily the most direct economic product of the forests,
+and nations must be educated in how best to "farm" them, said
+Peter Kramer, World Wildlife Fund (WWF) conservation director.
+    There is a four billion dlr annual global trade in the end
+products of rattan, and Brazil nuts earn Brazil 16 mln dlrs a
+year, he said.
+    U.S. Pharmacologist Norman Farnsworth has calculated that
+25 pct of all U.S. Prescriptions owe their active ingredients
+to higher plants growing in the forests.
+    Deforestation would wipe out the chance of further
+discoveries and force major corporations to research, develop
+and produce man-made substitutes, at a cost which scientists
+say is incalculable.
+    By the year 2000, only 10 developing nations will still be
+exporting timber, from 33 currently, and their export earnings
+will drop from a 1980 peak of 6.8 billion dlrs to less than two
+billion, a World Bank and U.N. Sponsored survey said.
+    Of the 20.3 billion dlrs advanced by the World Bank,
+Inter-American, African and Asian Development Banks in 1980-84,
+only 100 mln dlrs went to forestry projects, it said.
+    WWF statistics show half of the world's tropical forests
+have vanished since the 1940s. Of 2,000 mln hectares remaining,
+up to 16 mln are destroyed each year by destructive logging
+practises and by local farmers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13088" NEWID="7567">
+<DATE>20-MAR-1987 05:08:04.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0268&#31;reute
+u f BC-JAPAN-PLANS-MORE-DECO   03-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN PLANS MORE DECONTROL ON LARGE BANK DEPOSITS</TITLE>
+<DATELINE>    TOKYO, March 20 - </DATELINE><BODY>The Finance Ministry plans to further
+ease restrictions on large-denomination bank deposits this year
+and is studying several deregulation plans, a ministry official
+said, without elaborating.
+    Banking sources told Reuters the ministry plans to lower
+the minimum denomination of money market certificates (MMCs) to
+10 mln yen from 20 mln, the amount slated to be applied from
+April 6. The amount is currently 30 mln yen.
+    The ministry is also considering shortening the minimum
+period of free-interest large-lot time deposits to one month
+from the current three months, the sources said.
+    The Ministry plans to expand the issue period of
+certificates of deposits (CDs) to one week to two years from
+the current one month to one year, the sources said.
+    They said banks fear the ministry's plans may induce a
+shift of funds from bank to other financial instruments.
+    One official of a major bank said the planned moves were
+unexpected as deregulation on large deposits was previously
+expected to have ended with the measures to start in April.
+    On April 6, the Ministry is scheduled to lower the minimum
+time deposit amount to 100 mln yen from the current 300 mln and
+cut the maximum MMC deposit period to two years from one.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13089" NEWID="7568">
+<DATE>20-MAR-1987 05:14:57.37</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0286&#31;reute
+r f BC-BANK-OF-FINLAND-WILL   03-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FINLAND WILL ANNOUNCE NEW MEASURES</TITLE>
+<DATELINE>    HELSINKI, March 20 - </DATELINE><BODY>The Bank of Finland called a news
+conference at 1200 GMT to announce new measures for the
+"development of the system of monetary control."
+    A spokesman for the Bank declined to give further details.
+    Banking sources said they expected the bank to announce it
+will actively take part in the interbank market and buy and
+sell certificates of deposit.
+    The state treasury issues government paper with a maturity
+of up to one year. The central bank has so far not issued its
+own paper, the sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13090" NEWID="7569">
+<DATE>20-MAR-1987 05:17:02.47</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0288&#31;reute
+r f BC-JAPAN-SLIGHTLY-REDUCE   03-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SLIGHTLY REDUCES SUGAR CONSUMPTION ESTIMATE</TITLE>
+<DATELINE>    TOKYO, March 20 - </DATELINE><BODY>The Agriculture Ministry said it revised
+its April-June sugar consumption estimate down to 623,300
+tonnes on a refined basis, from 637,800 estimated at the end of
+December.
+    It said the estimate for domestically produced sugar supply
+for the same period was revised to 190,400 tonnes from the
+earlier estimate of 195,100 tonnes, while imports were revised
+to 402,000 tonnes from the earlier 435,800 tonnes.
+    It did not revise its sugar consumption estimate of 2.53
+mln tonnes for the 1986/87 sugar year ending September 30.
+    The ministry said the estimate for the 1986/87 year's
+supply of domestically produced sugar was revised to 881,000
+tonnes, from the earlier estimate of 863,000.
+    The estimate for 1986/87 imports was revised to 1.642 mln
+tonnes, from an earlier 1.645 mln tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13091" NEWID="7570">
+<DATE>20-MAR-1987 05:24:14.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0301&#31;reute
+u f BC-GERMAN-VEBA-PLACEMENT   03-20 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN VEBA PLACEMENT SAID LIKELY EARLY NEXT WEEK</TITLE>
+<DATELINE>    FRANKFURT, March 20 - </DATELINE><BODY>The placement of the German federal
+government's 25.6 pct stake in utility Veba AG &lt;VEBG.F> would
+probably take place early next week, banking sources said.
+    Share dealers said speculation had arisen in the early
+pre-bourse market that the Veba announcement could come as
+early as today. But one banking source, though confirming that
+most of the details had been worked out, said the chances of an
+announcement today were about nil. He had no price details.
+    The 10 mln shares on offer are expected to bring a cash
+call in Germany for well over two billion marks. The share was
+around 253 marks today after a 6.50 drop to 252 yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13092" NEWID="7571">
+<DATE>20-MAR-1987 05:24:53.48</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0303&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 728 MLN STG EARLY HELP</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with 728 mln stg assistance in response to an
+early round of bill offers from the discount houses.
+    Earlier, the Bank had estimated the shortage in the system
+today at 950 mln stg.
+    The central bank purchased 625 mln stg of bills for resale
+to the market on April 7 at rates of interest between 9-15/16
+pct and 10 pct.
+    It also bought 103 mln stg bank bills outright comprising
+65 mln stg in band one at 9-7/8 pct and 38 mln stg in band two
+at 9-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13093" NEWID="7572">
+<DATE>20-MAR-1987 05:30:33.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0309&#31;reute
+r f BC-FRENCH-FARMERS-WORRIE   03-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FARMERS WORRIED OVER FUTURE OF CAP</TITLE>
+<DATELINE>    PARIS, March 20 - </DATELINE><BODY>The French farmers' union, FNSEA, hopes
+France will resist European Community (EC) pressures over farm
+prices and notably those of the European Commission at coming
+ministerial negotiations in Brussels, FNSEA Secretary-General
+Luc Guyau said.
+    He told a press conference the union was concerned about
+the future of the EC Common Agricultural Policy.
+    France must define its position well before negotiating and
+not just adopt a short term policy, he said.
+    The FNSEA, with around 700,000 members, holds its annual
+congress next week, when over 500 delegates will debate the
+theme of "facing up to the future.
+    "The period of change we are going through obliges us to
+face up to new challenges," Guyau said, referring specifically
+to the demographic changes in French agriculture.
+    "Forty-five per cent of our farmers are over 55 years old
+this year," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13094" NEWID="7573">
+<DATE>20-MAR-1987 05:51:18.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0322&#31;reute
+u f BC-ANZ-BANK-PLANS-100-ML   03-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANZ BANK PLANS 100 MLN AUS DLR EURO-CP PROGRAM</TITLE>
+<DATELINE>    HONG KONG, March 20 - </DATELINE><BODY>Australia and New Zealand Banking
+Group Ltd &lt;ANZA.S> is planning a 100 mln Australian dlr
+Euro-commercial paper program, arranger ANZ Securities Asia Ltd
+said.
+    Under the program, notes in denominations of 100,000 dlrs
+will be issued with maturities ranging from seven to 365 days.
+    The four dealers for the program are ANZ Securities Asia,
+Barclays Bank Plc, BT Asia Ltd and Morgan Guaranty Ltd.
+    ANZ Securities said the program is aimed at investors in
+Asia, where there is strong potential for a big market in
+short-term Australian dlr paper.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13095" NEWID="7574">
+<DATE>20-MAR-1987 06:04:43.11</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0335&#31;reute
+f f BC-Feb-daily-ave-unwroug   03-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Feb daily ave unwrought aluminium output 33,900 tonnes, up 400 tonnes, IPAI.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13096" NEWID="7575">
+<DATE>20-MAR-1987 06:08:32.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0339&#31;reute
+u f BC-MOODY'S-ASSIGNS-EUROB   03-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S ASSIGNS EUROBOND RATINGS</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>Moody's Investors Service said it
+assigned the following ratings to new eurobonds.
+    AAA ratings were assigned to:
+    Eastman Kodak Co's 135 mln U.S. Dlrs of 7-1/8 pct euronotes
+due 1987.
+    Morgan Guaranty Trust Co of New York's 100 mln Canadian
+dlrs of 8-1/2 pct receipts for Government of Canada bonds due
+1994.
+    Oesterreichische Kontrollbank AG's 100 mln Canadian dlrs of
+nine pct guaranteed eurobonds due 1997.
+    Swedish Export Credit's 220 mln Australian dlrs of 9-1/2
+pct dual currency eurobonds due 1992.
+    Moody's said it also assigned AAA ratings to:
+    European Coal and Steel Community's 100 mln stg 9-3/8 pct
+eurobonds due 1992.
+    Nordic Investment Bank's 300 mln Danish crown 11-1/4 pct
+eurobonds due 1994.
+    The World Bank's one billion Luxembourg francs of seven pct
+eurobonds due 1997.
+    Credit Foncier's 150 mln European Currency Units (ECUs) of
+7-5/8 pct eurobonds due 1994.
+    Moody's said it also assigned ratings to euroyen bonds,
+with AAA ratings assigned to the following:
+    Societe Generale's 19 billion yen zero coupon notes due
+1992.
+    Export Development Corp's 15 billion yen of 4-1/2 pct
+euroyen bonds due 1992.
+    Exportfinans' 15 billion yen of five pct eurobonds due
+1992.
+    Toronto Dominion Bank's 20 billion yen of 4-5/8 pct euroyen
+bonds due 1992.
+    A AA1 rating was assigned to DNC International Finance AS'
+10 billion yen of five pct guaranteed eurobonds due 1994.
+    Moody's said it assigned a AA2 rating to Toyota Motor
+Credit Co's 23 billion yen of 4-1/2 pct euroyen bonds due 1992.
+    Nissan Motor Co Ltd's 35 billion yen of 5-1/8 pct euroyen
+bonds due 1992 gained an A2 rating.
+    Ford Motor Credit Co's 200 mln marks of 5-3/4 pct eurobonds
+due 1992 were assigned an A1 rating.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13097" NEWID="7576">
+<DATE>20-MAR-1987 06:09:40.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0342&#31;reute
+u f BC-STANDARD-BANK-UNABLE   03-20 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD BANK UNABLE TO MAKE EARNINGS FORECAST</TITLE>
+<DATELINE>    JOHANNESBURG, March 20 - </DATELINE><BODY>Standard Bank Investment Corp Ltd
+(SPRJ.J) chairman Henri de Villiers said he could not predict
+profits for the bank this year because of South Africa's
+continuing political unrest.
+    De Villiers also warned in the annual report that "failing
+prompt and decisive political action, South Africa faces a
+future of violent deadlock between different racial and
+political groupings." 
+    He said South Africa's future economic prospects are
+"clouded by political and social issues and in the absence of
+evidence that these are being positively addressed I am unable
+to offer an earnings forecast for 1987."
+    Standard Bank, 39 pct owned by Standard Chartered PLC
+ &lt;STCH.L>, London, previously reported that 1986 net income
+rose by 13.8 pct to 209.0 mln rand.
+    The bank said its bad debt losses should begin to decline
+this year "although it may take some time before they return to
+accepted industry norms."
+    The annual report showed that the bank's charge for bad and
+doubtful debts rose in 1986 to 187.6 mln rand from 162.1 mln
+rand in the prior year.
+    The bank said net income of its Standard Bank of South
+Africa subsidiary declined 8.2 pct in 1986 to 112.3 mln rand in
+a difficult banking environment caused mainly by low credit
+demand.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13098" NEWID="7577">
+<DATE>20-MAR-1987 06:09:54.68</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0344&#31;reute
+b f BC-NON-COMMUNIST-FEBRUAR   03-20 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NON-COMMUNIST FEBRUARY ALUMINIUM OUTPUT UP, IPAI</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>Non-Communist daily average unwrought
+aluminium production in February was 33,900 tonnes, up 400
+tonnes from a downwardly revised 33,500 tonnes in January and
+compared with 32,900 tonnes in February 1986, provisional
+figures from the International Primary Aluminium Institute
+(IPAI) show.
+    Total production in February (28 days) was 949,000 tonnes
+compared with a downwardly revised 1.038 mln in January (31
+days) and 920,000 in February 1986.
+    The regional breakdown of unwrought aluminium production
+was as follows (in thousands of tonnes) the IPAI said.
+                 Feb'87   Jan'87    Feb'86
+    Africa           45       50        41
+    North America   354      389       353
+    Latin America   115      121        98
+    East Asia         7        9        16
+    South Asia       72       79        72
+    Europe          268      293       256
+    Oceania          88       97        84
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13099" NEWID="7578">
+<DATE>20-MAR-1987 06:23:56.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D><D>usa</D><D>china</D><D>hong-kong</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0360&#31;reute
+u f BC-PHILIPS-IN-MARKETING   03-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPS IN MARKETING PACT WITH U.S. FIRM</TITLE>
+<DATELINE>    EINDHOVEN, Netherlands, March 20 - </DATELINE><BODY>NV Philips
+Gloeilampenfabrieken &lt;PGLO.AS.> said it planned to pool
+world-wide sales and marketing of electronic test and measuring
+equipment with U.S. Firm &lt;John Fluke Mfg Co Inc>.
+    It said from this autumn Fluke will sell, service and
+distribute Philips test and measuring products in North America
+and selected markets including China, Hong Kong and Japan.
+Philips will cover mainly European markets for Fluke.
+    The Dutch company said it will buy a minority equity stake
+in Fluke and name a board member. Its equity holding will not
+exceed 10 pct, Philips said.
+    The companies will also explore possible new joint ventures
+to develop new product lines, Philips said.
+    It estimated the world-wide market for test and measuring
+equipment at six billion dlrs in 1986.
+    Fluke had 1986 sales of 209 mln dlrs last year and Philips'
+turnover on test and measuring gear was of comparable size.
+    A Philips spokesman said the world leaders in the field
+were Hewlett-Packard Co &lt;HWP.AS> and Tekronix Inc &lt;TEK.N>, with
+the combined operations of Philips and Fluke third.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13100" NEWID="7579">
+<DATE>20-MAR-1987 06:25:28.77</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0363&#31;reute
+u f BC-EC-APPROVES-25,000-TO   03-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC APPROVES 25,000 TONNES OF BARLEY EXPORTS</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>The European Community authorised the
+export of 25,000 tonnes of barley yesterday, bringing the
+cumulative total at weekly tenders since the series started
+last June to 3.33 mln tonnes, close to the 3.37 mln under
+licence in the same year ago period, traders said.
+    All bids for wheat were rejected. However, the total to
+date of 5.06 mln tonnes is still substantially more than the
+3.03 mln under licence a year ago. The 80,000 tonnes of French
+maize granted for export moved the total to 135,000 tonnes
+since the tender opened in February this year. There were no
+facilities for maize in the previous weekly grain export
+series.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13101" NEWID="7580">
+<DATE>20-MAR-1987 06:31:45.90</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0369&#31;reute
+f f BC-U.K.-FEB-RETAIL-PRICE   03-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. FEB RETAIL PRICES UP 0.4 PCT, BASE REVISED, YEAR-ON-YEAR RISE 3.9 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13102" NEWID="7581">
+<DATE>20-MAR-1987 06:32:23.53</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0370&#31;reute
+f f BC-UK-AVERAGE-GDP-RISES   03-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UK AVERAGE GDP RISES PRELIMINARY 2.6 PCT IN 1986, UP 0.7 PCT IN 4TH QTR  - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13103" NEWID="7582">
+<DATE>20-MAR-1987 06:41:28.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0375&#31;reute
+u f BC-NO-BRAZIL-SOLUTION-WI   03-20 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO BRAZIL SOLUTION WITHOUT IMF, GERMAN BANKER SAYS</TITLE>
+<DATELINE>    FRANKFURT, March 20 - </DATELINE><BODY>A solution to Brazil's debt problems
+is unthinkable without the involvement of the International
+Monetary Fund, Juergen Sarrazin, management board member of
+Dresdner Bank AG responsible for Latin America said.
+    Sarrazin told the business daily Handelsblatt that Brazil's
+interest payments moratorium had cost it the goodwill of many
+banks.
+    "Now there will certainly be no solutions without the IMF,"
+he said. "Alternatives which could be imagined before, such as
+bringing the IMF in with us in a loose form, are over," he said.
+    Sarrazin, who through Dresdner represents German banks in
+several rescheduling coordinating committees, noted that Brazil
+was still prepared to negotiate.
+    But he said work in the coordinating committees had already
+run into difficulties before Brazil's interest moratorium.
+    Justified calls by debtors for more flexibility from the
+banks were blocked because U.S. Regulations made solutions such
+as capitalising of interest virtually impossible, he said.
+    Although many European banks were opposed to the use of
+interest capitalisation, "this was an alternative which has to
+be brought in," Sarrazin said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13104" NEWID="7583">
+<DATE>20-MAR-1987 06:44:33.12</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0382&#31;reute
+b f BC-U.K.-AVERAGE-GDP-RISE   03-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. AVERAGE GDP RISES 2.6 PCT IN 1986</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>Britain's gross domestic product (GDP)
+on the average basis of output, expenditure and income rose by
+2.6 pct in 1986 after a 3.4 pct increase a year earlier,
+Central Statistical Office (CSO) preliminary figures show.
+    In the fourth quarter, GDP rose 0.7 pct over the previous
+quarter and was up 3.3 pct on the same 1985 quarter.
+    The average estimate index, seasonally-adjusted and based
+1980, was set at 114.3 in the fourth quarter of 1986 against
+113.5 in the previous quarter and 110.7 in the final quarter of
+1985.
+    The CSO said the average GDP estimate index for 1986 as a
+whole was 113.1, up 2.6 pct from 110.2 for 1985.
+    On the output measure, GDP rose an upward revised
+seasonally adjusted 0.3 pct in the fourth quarter of 1986 to
+114.9 on the output index from 114.5 in the previous quarter,
+giving a 3.2 pct rise over the fourth 1985 quarter, the CSO
+figures show.
+    On income-based GDP, the index in the fourth quarter rose
+by 0.7 pct from the third quarter and was up 3.8 pct on the
+year-ago quarter.
+    The indices stood at 115.3, 114.4 and 111.0 respectively.
+    Expenditure-based GDP rose 1.2 pct in the fourth quarter of
+1986 from the third quarter and was up 2.9 pct from the same
+1985 quarter.
+    The CSO set the expenditure index at 112.9 from 111.6 in
+the third quarter of 1986 and 109.8 in the final 1985 quarter.
+    The year-on-year rise for expenditure GDP was 2.3 pct with
+the expenditure index for the whole of 1986 set at 111.9
+against 109.4 a year earlier.
+    For income GDP, the year-on-year rise was 2.6 pct against
+against three pct a year earlier. The ouptut GDP measure rose
+2.8 pct year-on-year, down from 3.8 pct in 1985.
+    The government usually considers the output measure the
+most reliable way of measuring short-term GDP changes.
+    It is based on output data for production industry and
+partial information for the rest of the economy.
+    The government had forecast that average measure GDP would
+rise 2.5 pct in calendar 1986 after 3.3 pct in 1985. The budget
+unveiled on Tuesday foresaw GDP growth in 1987 of three pct.
+    The GDP deflator, based on expenditure at market prices,
+rose 1.2 pct in the fourth quarter from the third, to give a
+2.4 pct rise over fourth quarter 1985. Year-on-year, the
+deflator rose 3.7 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13105" NEWID="7584">
+<DATE>20-MAR-1987 06:49:53.74</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0385&#31;reute
+b f BC-U.K.-RETAIL-PRICES-RI   03-20 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. RETAIL PRICES RISE 0.4 PCT IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>The Retail Price Index (RPI), Britain's
+measure of inflation, rose 0.4 pct in February on a revised
+basis, to give a year-on-year rise of 3.9 pct, the Employment
+Department said.
+    In January, the index rose 0.4 pct for a 3.9 pct
+year-on-year rise on both the previous base and the new index.
+    The February RPI was set at 100.4, base January 1987. In
+February 1986, the RPI rose 0.4 pct, giving a 5.1 pct
+year-on-year increase on the old basis.
+    The inflation data compares with market forecasts for a
+rise of 0.4 - 0.5 pct in February and a yearly rise of about
+four pct, economists said.
+    The Employment Department said the rise in the index
+between January and February was mainly the result of higher
+prices for petrol, fresh vegetables, cars and car maintenance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13106" NEWID="7585">
+<DATE>20-MAR-1987 06:54:25.23</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0393&#31;reute
+r f BC-DANISH-WHOLESALE-PRIC   03-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH WHOLESALE PRICES FALL 0.5 PCT IN FEBRUARY</TITLE>
+<DATELINE>    COPENHAGEN, March 20 - </DATELINE><BODY>Denmark's wholesale price index fell
+0.5 pct in February, giving a year-on-year fall of 4.9 pct, the
+National Statistics Office said.
+    The index, base 1980, stood at 135 in February, a fall of
+one point compared to January, against 142 in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13107" NEWID="7586">
+<DATE>20-MAR-1987 06:55:23.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0396&#31;reute
+u f BC-SWISS-FINANCE-MINISTR   03-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS FINANCE MINISTRY CALLS TWO SEASONED BONDS</TITLE>
+<DATELINE>    BERNE, March 20 - </DATELINE><BODY>The Swiss Finance Ministry said it was
+calling two bond issues of a total 550 mln Swiss francs as part
+of its effort to retire outstanding high-interest debt.
+    The calls, to be made effective June 30 and September 30,
+affected respectively the 7-1/4 pct bond of 1975 for 250 mln
+francs and the 6-1/2 pct bond of the same year for 300 mln.
+    A spokesman said the ministry had not yet decided whether
+to convert the issues into new bonds, but it had outlined plans
+for two new bonds, each of 250 mln francs. The strong state of
+government finances might permit it not to issue one or both of
+them, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13108" NEWID="7587">
+<DATE>20-MAR-1987 06:56:44.80</DATE>
+<TOPICS><D>money-fx</D><D>interest</D><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0401&#31;reute
+u f BC-BANK-OF-SPAIN-SUSPEND   03-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF SPAIN SUSPENDS ASSISTANCE, DRAINS FUNDS</TITLE>
+<DATELINE>    MADRID, March 20 - </DATELINE><BODY>The Bank of Spain suspended its daily
+money market assistance and offered to drain funds with three-
+and seven-day repurchase agreements at 12-1/2 pct, money market
+sources said.
+    The sources said the measures were a further attempt to
+rein in money supply and were likely to force some institutions
+to scramble for funds before the 10-day accounting period for
+reserve requirements closes on Monday.
+    The bank, which raised its rate for ordinary overnight
+assistance to 13-3/4 from 13-1/2 pct on Wednesday, opened its
+special borrowing facility for overnight funds at 14-1/2 pct.
+    Money market sources said institutions in need of funds
+were likely to have to return to the bank tomorrow for further
+assistance.
+    The bank rarely invites applications for ordinary
+assistance on a Saturday and the sources said it was more
+likely to open its special borrowing facility again.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13109" NEWID="7588">
+<DATE>20-MAR-1987 07:00:00.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0403&#31;reute
+u f BC-U.K.-BUILDING-SOCIETY   03-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BUILDING SOCIETY RECEIPTSRISE IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>U.K building society net receipts in
+February were 472 mln stg, slightly up on January's 456 mln but
+well below the 793 mln stg of February 1986, the Building
+Societies' Association (BSA) said.
+    BSA Secretary-General Mark Boleat noted that net receipts
+were below 500 mln stg for the third month out of the last
+four.
+    "This was obviously a disappointing performance, especially
+in view of the rapid growth of mortgage commitments, to over
+2.5 billion stg," he said.
+    The BSA said receipts were depressed by the British Airways
+flotation, despite the later return of oversubscribed funds.
+    Total building society receipts in February were 6.4
+billion stg against withdrawals of 5.9 billion.
+    Mortgage lending to home buyers during the month fell
+slightly to 2.16 billion stg from 2.18 billion stg in January,
+the BSA said. Mortgage lending has fallen steadily since last
+July's peak of 3.9 billion stg.
+    Net new mortgage commitments however rose to 2.5 billion
+stg from January's 1.9 billion, bringing the total commitments
+outstanding to 6.9 billion after January's 6.6 billion stg.
+    Wholesale funding rose to 292 mln stg after January's 29
+mln, but was still below each of the last six 1986 months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13110" NEWID="7589">
+<DATE>20-MAR-1987 07:07:44.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>venezuela</D><D>peru</D><D>mexico</D><D>colombia</D><D>argentina</D><D>costa-rica</D><D>bolivia</D><D>ecuador</D></PLACES>
+<PEOPLE><D>garcia</D><D>petricioli</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0413&#31;reute
+u f BC-BRAZIL-SEEN-AS-VANGUA   03-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SEEN AS VANGUARD FOR CHANGING DEBT STRATEGY</TITLE>
+<AUTHOR>    By Keith Grant, Reuters</AUTHOR>
+<DATELINE>    CARACAS, March 20 - </DATELINE><BODY>Brazil's hard-line debt stance, though
+meeting creditor resistance, is boosting political initiatives
+in Latin America aimed at broadening the global strategy,
+regional debt officials and economic analysts say.
+    "Now more than ever it is clear that Latin America cannot
+pay, under present conditions, without sacrificing growth,"
+Peruvian President Alan Garcia said, referring to Brazil.
+    And, as debtors and creditors prepare for their annual
+meeting at the Inter-American Development Bank in Miami next
+week, the region's debt crisis is clearly coming to a head.
+    Around 200 billion dlrs in commercial bank debt have been
+rescheduled since 1983, with interest rate margins now below
+one pct, multi-year accords a norm and no financial crash in
+sight, but a lasting solution seems no nearer.
+    Virtually all Latin American leaders backed Brazil's
+suspension of interest payments on 68 billion dlrs of private
+bank debt last month, though prospects of a chain default are
+still remote.
+    Mexico, Colombia, Argentina and others rejected such action
+and Mexican finance minister Gustavo Petricioli merely said,
+"Brazil is having problems we are sure will be temporary."
+    But Brazil's action has had an impact on other debt
+negotiations, speeding agreement for Chile and Venezuela last
+month and influencing current talks with Argentina.
+    Pressure for new solutions has built up on several fronts,
+with the Philippines joining Brazil in seeking interest relief
+and Ecuador announcing force majeure on debt payments following
+a serious earthquake.
+    Private banks are being increasingly urged to renew lending
+and accept innovative repayment schemes, not only by debtors
+but also by official agencies which have stepped up their own
+credit flows as part of the U.S.-inspired plan.
+    One Latin American debt official said he saw the Brazil and
+Ecuadorean announcements as spurring moves by other debtors to
+link debt service payments to macroeconomic indicators such as
+export earnings, GDP or raw materials prices.
+    Despite this, debtor countries continue to accept the
+case-by-case approach, and Cuba's call for a joint negotiating
+front is not being promoted by Brazil or even defended by Peru,
+the region's flag-bearer in unilateral payment decisions.
+    "Each nation must negotiate its debt independently,
+according to its own needs," Brazilian foreign minister Ramiro
+de Abreu Sodre said in Caracas at the weekend.
+    Venezuela's rapid agreement with its creditors, soon after
+Brazil's move, had been seen by the political opposition as a
+betrayal of debtor solidarity, but de Abreu praised the
+Venezuelan negotiators for achieving a favourable deal.
+    Argentina, Bolivia, Costa Rica and others are also pursuing
+normal negotiations with creditor banks, while at the same time
+pressing hard for better terms, particularly lower interest
+rate spreads. Latin American officials say that while the debt
+should be negotiated case-by-case, their governments are
+promoting a general framework for talks based on growth and
+development priorities, lower interest payments and new
+financing.
+    "The Brazilian and Ecuadorean experience shows orthodox
+solutions to debt cases don't work," said a senior Peruvian
+government official responsible for debt affairs.
+    He saw a growing likelihood that other countries would
+follow Peru's action in setting a 10 pct debt payment limit in
+the face of trade and other factors beyond debtors' control
+such as minimal bank lending.
+    These factors have contributed to a 130 billion dlr net
+outflow from Latin America in the last five years, and
+Brazilian Finance Minister Dilson Funaro says Brazil alone paid
+back 45 billion dlrs in this time and received just 11 billion
+in loans.
+    Latin American debtors feel they have complied with their
+side of the bargain, slashing public spending, devaluing
+currencies, cutting inflation, privatizing state enterprises
+and introducing debt equity schemes.
+    Brazil, as the region's biggest debtor and its most
+diversified economy, has now apparently adopted the principle
+that a tough position with its creditors will avoid a more
+serious crisis later on.
+    "We are negotiating so that the debt question should not be
+one of continuous crisis," Funaro told a conference in Rio de
+Janeiro this week.
+billion dlr debt burden this year are slim, with coffee prices
+plunging, oil prices up but still well below 1985 levels and
+interest rates beginning to rise.
+ Mexico expects one to two pct growth instead of the two to
+three pct projected earlier, and inflation near 80 pct after
+105 pct last year.
+    Brazilian officials expect growth of only two pct after
+eight pct last year and a 30 pct drop in the projected trade
+surplus, while independent estimates put inflation at 200 pct.
+    Political and economic analysts in Brazil believe the
+payment suspension will give new impetus to tackling the
+regional crisis though they expect protracted negotiations, a
+view echoed by senior international bank officials.
+    Some banks, including Citibank, Morgan Guaranty and Bank of
+America are already preparing to downgrade their Brazil loans.
+    Brazil's refusal to accept an IMF program, a condition set
+by many banks for new lending, meanwhile reflects the view of
+most Latin American governments that equate the Fund with
+recession. But Brazil and Venezuela are the only countries in
+the region to have rescheduled debt without an IMF program.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13111" NEWID="7590">
+<DATE>20-MAR-1987 07:10:01.09</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f0422&#31;reute
+f f BC-embargoed-0700edt****   03-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA CONSUMER PRICE INDEX ROSE 0.4 PCT IN FEBRUARY, STATISTICS CANADA SAID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13112" NEWID="7591">
+<DATE>20-MAR-1987 07:11:16.64</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0425&#31;reute
+b f BC-embargoed-0700edt****   03-20 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA FEBRUARY CONSUMER PRICES UP 0.4 PCT</TITLE>
+<DATELINE>    OTTAWA, March 20 - </DATELINE><BODY>The Canadian consumer price index rose
+0.4 pct in February, to 135.8, base 1981, compared with a 0.2
+pct rise in January and a 0.4 pct rise in February last year,
+Statistics Canada said.
+    The February year-one year rise was 4.0 pct compared with a
+3.9 pct rise in January.R
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13113" NEWID="7592">
+<DATE>20-MAR-1987 07:13:51.41</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0432&#31;reute
+r f BC-BOLIVIAN-MINERS-CALL   03-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIVIAN MINERS CALL GENERAL STRIKE</TITLE>
+<DATELINE>     LA PAZ, March 19 - </DATELINE><BODY>About 9,000 miners employed by the
+state corporation, Comibol, declared a general strike as from
+midnight (0400 gmt) to press for higher salaries, a statement
+by the federation for Bolivian mine workers said.
+     It said the strike was called to defend the nationalised
+mining industry. The miners were willing to negotiate with the
+government of President Victor Paz Estenssoro, but only if it
+showed an intention to meet the strikers' demands.
+     The government said the strike was designed to cause it
+embarrassment during the four-day visit of West German
+President Richard Von Weizsaecker, which starts on Friday.
+    The miners statement said police had violently evicted
+Comibol office workers in the city of Oruro after they began a
+hunger strike yesterday.
+    The government has sacked about 20,000 miners from its
+deficit-ridden corporation since the collapse in the
+international price of tin. The lay-offs represent about
+two-thirds of the original workforce.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13114" NEWID="7593">
+<DATE>20-MAR-1987 07:15:19.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0438&#31;reute
+u f BC-KLM-EXPANDS-TALKS-WIT   03-20 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLM EXPANDS TALKS WITH BRITISH AND COMMONWEALTH</TITLE>
+<DATELINE>    AMSTERDAM, March 20 - </DATELINE><BODY>KLM Royal Dutch Airways &lt;KLM.AS> said
+it agreed to take full control of a partially owned Dutch-based
+parcel delivery service and will offer a minority stake in it
+to British and Commonwealth Shipping Plc &lt;BCOM.L>
+    KLM, seeking to strengthen its market position in the fast
+growing door-to-door delivery market, said it agreed with Dutch
+retailer Vendex International &lt;VENN.AS> to take over Vendex's
+50-pct in their jointly-owned courier, &lt;XP System VOF>.
+    Ownership of XP will now be brought into the talks started
+by KLM last week with British and Commonwealth for a one-third
+stake in the latter's &lt;IML Air Services Group Ltd> courier.
+    When announcing the negotiations with British and
+Commonwealth last week, KLM said buying a minority stake in IML
+could involve a convertible loan issue.
+    A KLM spokeswoman said the Dutch flag carrier would now
+offer a minority stake in XP to British and Commonwealth in the
+negotiations on IML, but declined to elaborate on financial
+aspects of the talks.
+    She said KLM would like the two courier services to
+cooperate in future and did not exclude a future merger between
+them to combine IML's strong world-wide network with XP's
+mainly European activities.
+    XP System is based in the southern Dutch airport of
+Maastricht and has an annual turnover of 100 mln guilders.
+    KLM, which is also negotiating with British and
+Commonwealth for a 15-pct stake in the latter's regional
+airline &lt;Air U.K. Ltd>, says door-to-door delivery courier
+services are seeing substantially faster growth than
+traditional cargo activities.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13115" NEWID="7594">
+<DATE>20-MAR-1987 07:15:40.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0441&#31;reute
+u f BC-REBEL-AMBUSH-KILLS-18   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REBEL AMBUSH KILLS 18 SOLDIERS IN PHILIPPINES</TITLE>
+<DATELINE>    MANILA, March 20 - </DATELINE><BODY>Communist rebels killed 18 soldiers on
+Mindanao island in the southern Philippines, the army said.
+    Military officials said about 70 soldiers on foot patrol
+were attacked by guerrillas on the border area around Misamis
+Occidental and Davao del Sur provinces.
+    The state-run Philippine News Agency said at least 18
+rebels died in the clash, but the military officials could not
+confirm the report.
+    On Tuesday, 19 soldiers were killed in Quezon province in
+the northern island of Luzon after land mines blew up an
+armoured vehicle and a troop-carrying truck.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13116" NEWID="7595">
+<DATE>20-MAR-1987 07:15:55.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0442&#31;reute
+r f BC-WORLD-BANK-TEAMS-STUD   03-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK TEAMS STUDYING PHILIPPINE LOAN REQUESTS</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 20 - </DATELINE><BODY>Two World Bank review teams are in the
+Philippines to assess government requests for funding for an
+expanded housing plan and an accelerated land reform program,
+bank officials said.
+    They told Reuters the housing program loan request is for
+100 mln to 150 mln dlrs.
+    The government has said it will ask for another 500 mln dlr
+long-term loan from a World Bank-led consultative group of
+multilateral and bilateral aid donors to partially fund its
+land reform program.
+    The officials said negotiations will start next month on
+another 150 mln dlr loan sought by Manila to carry out reforms
+in 14 major state-owned corporations.
+    On Tuesday, the world bank approved two loans totalling 310
+mln dlrs to help the country's economic recovery program.
+    The bank was also studying Philippine proposals for loans
+to finance geothermal and education projects, sources said.
+    World Bank sources said the bank's lending to the
+Philippines since 1957, including the latest loan, totalled 4.3
+billion dlrs. The money has been spread out over more than 100
+loans and about 1.2 billion dlrs remains undisbursed.
+    The World Bank sources said the bank cancelled 450 mln dlrs
+in loan commitments to the Philippines during the last three
+years of President Ferdinand Marcos's rule. Marcos was toppled
+by a military-civilian revolt in February 1986.
+    "The loans were cancelled because the projects slated for
+aid were not implemented properly," they said.
+    The sources said the bulk of this week's loan would be used
+to rehabilitate the state-owned Development Bank of the
+Philippines (DBP) and the Philippine National Bank (PNB) which
+are saddled with seven billion dlrs of non-performing assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13117" NEWID="7596">
+<DATE>20-MAR-1987 07:19:23.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0453&#31;reute
+r f BC-RAINBOW-SAYS-BRIERLEY   03-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAINBOW SAYS BRIERLEY UPSETTING PROGRESSIVE MERGER</TITLE>
+<DATELINE>    WELLINGTON, March 20 - </DATELINE><BODY>&lt;Rainbow Corp Ltd> said &lt;Brierley
+Investments Ltd> (BIL) is trying to disrupt Rainbow's planned
+merger with &lt;Progressive Enterprises Ltd>.
+    Rainbow chairman Allan Hawkins said in a statement, "In our
+opinion BIL have deliberately tried to create anomalies in the
+market prices of Rainbow and Progressive shares since the
+merger was announced."
+    The merger, announced in February, involves the formation
+of a new company, &lt;Astral Pacific Corp Ltd>, which Rainbow and
+Progressive shareholders will enter into on a one-for-one share
+basis. Both boards have approved the merger.
+    BIL has said it was the mystery bidder behind a recent
+stand in the market for three mln Progressive shares.
+    "We simply regard Progressive Enterprises shares to be worth
+approximately twice as much as Rainbow shares and do not think
+the merger, as proposed, is soundly based," BIL chief executive
+Paul Collins said in an interview in the weekly National
+Business Review newspaper published today.
+    Collins was not immediately available to respond directly
+to Hawkins' statement.
+    Hawkins said the merger has been assessed by independent
+consultants and declared fair in all respects, with benefits to
+all shareholders.
+    "We are not going to stand by while other parties distort
+the picture for their own strategic purposes and distract the
+market away from the real benefits of the merger," he said.
+    "In our opinion, BIL's actions are clearly not designed to
+be in the long term interests of either Progressive or Rainbow
+shareholders," Hawkins said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13118" NEWID="7597">
+<DATE>20-MAR-1987 07:23:25.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0464&#31;reute
+u f BC-U.K.-UNIT-TRUSTS-REPO   03-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. UNIT TRUSTS REPORT STRONG RISE IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>Funds managed by U.K. Unit trusts rose
+by 2.3 billion stg in February to stand at a record 37.2
+billion, the Unit Trust Association said.
+    By comparison, funds under management in January totalled
+34.9 billion stg and in February 1986, 22.9 billion.
+    The association statement said gross sales for February
+rose 1.01 billion stg, the second consecutive month sales
+increased over a billion stg. Gross sales in January totalled
+1.14 billion and 560.7 mln in February 1986.
+    The number of unit holder accounts rose by 93,000 to
+3,594,000, a rise of 36 pct during the last 12 months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13119" NEWID="7598">
+<DATE>20-MAR-1987 07:33:51.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0501&#31;reute
+u f BC-INDIAN-STATE-FIRM-SIG   03-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN STATE FIRM SIGNS 169.1 MLN MARK LOAN PACT</TITLE>
+<DATELINE>    NEW DELHI, March 20 - </DATELINE><BODY>India's state-owned National Thermal
+Power Corp said it has signed an agreement to borrow 169.1 mln
+marks at a fixed annual 6.48 pct interest for 15 years and
+eight months, an NTPC official said.
+    The agreement signed last Saturday in Hong Kong with a
+syndicate of eight Indian and foreign banks including State
+Bank of India (London), Bankers Trust Co (Hong Kong) and
+Grindlays Bank Plc (London) fixes the draw-down period at 68
+months, the official said.
+    Repayments are in 20 half-yearly instalments starting from
+the 68th month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13120" NEWID="7599">
+<DATE>20-MAR-1987 07:34:16.13</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0502&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-20 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 31 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>The Bank of England said it gave the
+money market another 31 mln stg in assistance in the morning
+session.
+    This brings the Bank's total help today to 759 mln stg and
+compares with its estimate of a 1.05 billion stg money market
+shortage which it earlier revised up from 950 mln stg.
+    The central bank bought 31 mln stg of bank bills outright
+in band two at 9-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13121" NEWID="7600">
+<DATE>20-MAR-1987 07:35:20.68</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0504&#31;reute
+r f BC-TAIWAN-PLANS-MISSION   03-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN PLANS MISSION TO CLOSE TRADE GAP WITH U.S.</TITLE>
+<DATELINE>    TAIPEI, March 20 - </DATELINE><BODY>Taiwan's leading industrial organisation
+said it will send its first buying mission to the U.S. Later
+this year in an effort to reduce the country's trade surplus
+with Washington.
+    A spokesman for the Chinese National Federation of
+Industries told Reuters the mission was part of a broader plan
+to switch large purchases to the U.S. From Japan.
+    The Federation groups all of Taiwan's major industrial
+associations. Last year its members purchased about 4.5 billion
+U.S. Dlrs worth of industrial products from Japan and about 1.8
+billion from the U.S.
+    The spokesman said Federation members were now discussing
+the volume of business they could transfer to America.
+    He said they had drawn up a list of about 80 industrial
+products they would be shopping for in the U.S. During the
+buying mission in September, but he could give no figure on how
+much would be spent.
+    A Board of Foreign Trade official told Reuters the
+government would send two buying missions to America between
+June and July this year and might send others later.
+    Taiwan's trade surplus with the U.S. Rose to a record 13.6
+billion dlrs last year from 10.2 billion in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13122" NEWID="7601">
+<DATE>20-MAR-1987 07:36:55.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0506&#31;reute
+u f BC-SOUTH-AUSTRALIA-AGENC   03-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AUSTRALIA AGENCY ISSUES ZERO-COUPON BOND</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>The South Australia Government Financing
+Authority is issuing a 25 mln Australian dlr zero coupon bond
+priced at 51.75 pct, lead manager Hambros Bank Ltd said.
+    The bonds, due April 2, 1992, are available in
+denominations of 5,000 and 10,000 dlrs and will be listed in
+Luxembourg.
+    Fees comprise 1/4 pct selling and 1/4 pct management and
+underwriting combined.
+    The deal is fully fungible with the 125 mln dlr zero coupon
+deal on the same terms issued for the authority early last
+month, Hambros said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13123" NEWID="7602">
+<DATE>20-MAR-1987 07:37:54.60</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0509&#31;reute
+b f BC-CORRECTION---NON-COMM   03-20 0047</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - NON-COMMUNIST FEBRUARY ALUMINIUM
+    In today's London item +NON-COMMUNIST FEBRUARY ALUMINIUM
+OUTPUT UP, IPAI+ please read in first paragraph and throughout
++...Daily average primary aluminium production...+, correcting
+from +average unwrought aluminium production+.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13124" NEWID="7603">
+<DATE>20-MAR-1987 07:52:12.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0538&#31;reute
+u f BC-NEWMAN,-HAWKER-DISCUS   03-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWMAN, HAWKER DISCUSS ELECTRIC MOTOR MERGER</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>&lt;Newman Industries Plc> said it was
+discussing the possible merger of its electric motor operations
+with Hawker Siddeley Group Plc's &lt;HSID.L> &lt;Brook Crompton
+Parkinson Motors Ltd> unit.
+    Newman has electric motor operations in the U.K. And
+Australia. The company gave no further details but said a
+further statement would be made shortly.
+    Newman shares eased one penny on the announcement to 43p
+while Hawker was unchanged at 528p, three pence higher on last
+night's close.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13125" NEWID="7604">
+<DATE>20-MAR-1987 07:52:48.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0540&#31;reute
+u f BC-AKZO-BUYS-RHONE-POULE   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AKZO BUYS RHONE-POULENC HOUSEHOLD UNITS</TITLE>
+<DATELINE>    ARNHEM, Netherlands, March 20 - </DATELINE><BODY>Dutch chemical group Akzo
+N.V. &lt;AKZO.AS> said it agreed to take over household product
+subsidiaries of French group Rhone-Poulenc &lt;RHON.PA> for an
+undisclosed sum.
+    Under the agreement, Akzo will acquire the household
+product activities of the Lyons-based &lt;Rhodic> and
+Remalard-based &lt;Buhler-Fontaine> units of Rhone Poulenc.
+Together, these activities account for over 180 mln French
+francs in annual sales and employ 170, Akzo said.
+    Akzo will integrate the firms, to be partially joined with
+its own French activities, in its consumer products division.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13126" NEWID="7605">
+<DATE>20-MAR-1987 08:01:36.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0553&#31;reute
+u f BC-SWISS-BANKER-WANTS-BO   03-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS BANKER WANTS BOND RATINGS, SHARE DISCLOSURE</TITLE>
+<DATELINE>    ZURICH, March 20 - </DATELINE><BODY>A top Swiss banker called for an
+obligatory, continuous rating for all Swiss franc bonds and
+said he believed anyone buying more than five pct of a company
+should be made to declare their share.
+    In comments at a news conference of &lt;Vontobel Holding AG>,
+chairman Hans Vontobel said he believed it was up to the banks'
+own self-regulating bodies, such as the Swiss Admissions Board,
+to take such action before governmental bodies stepped in.
+    A decline in the average quality of borrowers on the Swiss
+franc market and a debate on the use of registered shares to
+prevent takeovers have made both major issues among bankers.
+    Vontobel noted that many borrowers already came to the
+market with ratings from the major U.S. Agencies, which were
+readily available to professionals through specialised
+information systems.
+    "We should make this classification obligatory and publish
+it in places that are easily accessible to lay people," he said.
+The quick changing nature of the financial market meant these
+ratings should also be continually updated, he said.
+    Vontobel also noted that recent years had seen companies,
+worried about takeovers, increasingly issuing registered shares
+and participation certificates rather than bearer shares.
+    However, both types of issue had a drawback, he said. The
+recent attempt by Jacobs Suchard AG &lt;JACZ.Z> to take over Hero
+Conserven Lenzburg &lt;HERZ.Z> had shown the limits of a 1961
+pledge by the banks not to sell registered shares to someone
+who was not eligible according to the company's statutes.
+    Excessive issue of participation certificates, which do not
+carry voting rights, would also be contrary to the principle of
+greater democracy in the new share law before Parliament.
+    "People buying, for example, more than five pct of a
+company's shares should be made to declare their purchase," he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13127" NEWID="7606">
+<DATE>20-MAR-1987 08:05:36.25</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0564&#31;reute
+b f BC-ITALIAN-JANUARY-INDUS   03-20 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN JANUARY INDUSTRIAL OUTPUT FALLS 3.4 PCT</TITLE>
+<DATELINE>    ROME, March 20 - </DATELINE><BODY>Italian industrial production fell 3.4 pct
+in January, compared with the same month last year, the
+national statistics institute Istat said.
+    The rise follows a year-on-year increase in December 1986
+of 4.5 pct.
+    Istat's industrial production index, base 1980, not
+seasonally adjusted, registered 93.3, compared with 96.6 in
+January 1986.
+    Istat said there were 20 working days in January, the same
+as December, but one fewer than January last year.
+    Istat said the year-on-year fall reflected poorer
+performances in the footwear, clothing, textiles, chemicals and
+metals industries.
+    It said office machinery and data sectors, wood and
+furniture, precision mechanics, oil and electricity showed
+improved activity.
+    Calculations based on Istat figures showed industrial
+production rose 2.4 pct in January, on a month-on-month basis,
+after falling 12.0 pct in December over November.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13128" NEWID="7607">
+<DATE>20-MAR-1987 08:09:53.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0580&#31;reute
+u f BC--U.S.-CREDIT-MARKET-O   03-20 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKET OUTLOOK - BUDGET DEFICIT</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Economists' forecasts vary widely for
+the February monthly U.S. budget deficit to be released today.
+However most agree on one point -- that the budget deficit for
+the 1987 fiscal year will narrow substantially from 1986
+levels.
+    The report is likely to mean very little to the moribund
+credit markets, however, which have been stilled by a stable
+dollar and perceptions of steady Federal Reserve policy.
+    Economists said that a leaner federal budget could help the
+credit markets if it lowers the Treasury's financing needs and
+results in lower interest rates, but investors may not respond
+until they see evidence that this is taking place.
+    Economists' forecasts for the February deficit range from
+20 billion dlrs to nearly 30 billion dlrs, with most forecasts
+clustered in the 26-28 billion dlrs range. This compares with a
+deficit of 24.6 billion dlrs in February 1986.
+    In January, the budget deficit was 2.1 billion dlrs,
+leaving the fiscal year-to-date deficit at 65.6 billion dlrs.
+    Most economists expect the 1987 fiscal deficit to fall to
+180-190 billion dlrs from 220.7 billion dlrs in fiscal 1986.
+    Kathleen Stephansen of Donaldson, Lufkin and Jenrette
+Securities Corp, expects a 26.3 billion dlr February budget
+deficit, and a 186.5 billion dlr fiscal 1987 deficit.
+    Stephansen expects widening in the February deficit
+relative to last year based on two developments.
+    First, total revenues showed a slowdown in their yearly
+growth rate relative to prior months' growth rates, she said,
+as corporate and individual tax payments net of tax refund
+payments appear to have been weak in February.
+    "The second factor... is relatively strong outlay
+performance," Stephansen wrote in a weekly report. "Data
+available to date suggest that their year-over-year growth is
+close to 4.3 pct, well above the 0.5 pct average that prevailed
+in the last four months of the fiscal year."
+    Joe Liro of S.G. Warburg Securities and Co expects the
+February budget deficit to total 26-28 billion dlrs and the
+fiscal 1987 deficit to be 190 billion dlrs.
+    He said that as a result of the change in the 1987 tax code
+and the new structure for determining withholding of personal
+income tax payments, the Treasury is receiving less tax
+receipts than it received at this time last year.
+    "The Administration compounded a tricky situation by saying
+how difficult it is to fill out the new W-4 tax forms he said.
+"The wage earner was underwithholding at the beginning of the
+year and continues to be underwithheld."
+    By contrast, Ward McCarthy of Merrill Lynch Government
+Securities Inc said that many taxpayers have probably delayed
+filling out the new tax withholding forms, so that this has not
+been a drag on tax receipts as others have argued.
+    "The first half of the year brought strong tax receipts
+from capital gains and the repeal of the investment tax credit,
+which is expected to contribute a substantial portion of the
+corporate taxes to be paid this week," he said in the firm's
+weekly credit market memo.
+    He forecast a February budget deficit of 20 billion dlrs,
+and a fiscal 1987 deficit of 180 billion dlrs.
+    In March, McCarthy expects to see a deficit of 23 to 24
+billion dlrs compared with 30 billion dlrs in March 1986.
+    But economists agreed that the federal budget deficit is
+far from occupying center stage in the credit market's focus
+and is unlikely to have an impact now regardless of its size.
+    Yesterday, the key 7-1/2 pct Treasury bonds of 2016 closed
+unchanged at 99-28/32 to yield 7.51 pct after trading in a
+narrow range throughout the session.
+    Fed funds traded from six pct to 6-1/8 pct yesterday, up
+slightly from Wednesday's 5.97 pct average, and are expected to
+open within that range today.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13129" NEWID="7608">
+<DATE>20-MAR-1987 08:11:45.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>nicaragua</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0590&#31;reute
+u f AM-REAGAN-3RDLD-(WRITETH OUGH)  03-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN DEFENDS IRAN-DEAL, BUT WOULDN'T REPEAT IT</TITLE>
+<AUTHOR>    By David Nagy</AUTHOR>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>President Reagan, staying cool under
+a televised grilling on the Iran-contra scandal, insisted he
+has told all he knows about the crippling affair and said he
+would do it all differently given a second chance.
+    "No, I would not go down that same road again," the president
+said last night during a 32-minute news conference, his first
+in exactly four months, when asked if he would again sell arms
+to Iran in hopes of freeing U.S. hostages in the Middle East.
+    But he added, "I'll keep my eye open for an opportunity
+again for improving relations. And we will continue to explore
+every legitimate means for getting our hostages back."
+    As expected, the televised conference was almost completely
+dominated by questions about the secret sales of U.S. arms to
+Iran and the diversion of funds to "contra" rebels in Nicaragua.
+    From an investigators' standpoint, the toughest question
+concerned 76-year-old Reagan's knowledge of the contra
+operation.
+    As expected, the president repeatedly stated -- now calmly,
+now with some fire -- that he knew nothing about that
+scheme, said to have been run by White House National Security
+aide Oliver North, since fired, with the knowledge of
+presidential adviser John Poindexter, now resigned.
+    "No, that is not true at all," the president replied sternly
+when asked about a report Poindexter had told him, twice, about
+the secret channeling of millions of dollars to the contras.
+    "When I went on the air right after the news broke (about
+Iran arms deal last November), I did not know at that time
+there was any money involved."
+    He said he learned of the contra diversion -- which may
+have broken U.S. laws and will be the top priority of
+congressional investigative hearings on this affair -- only
+when Atty. Gen. Edwin Meese told him on November 25.
+    Just as important from Reagan's standpoint, however, was
+the manner in which he handled his first non-scripted public
+accounting of the scandal since the details first began leaking
+out last November and plunged his administration into deep
+political crisis.
+    He appeared to bring it off without major stumbles, abetted
+by a press corps that seemed at pains to maintain a civil
+manner until the very end when it crowded round him trying to
+get in one last question as he was leaving the rostrum in the
+White House East Room.
+    He often responded slowly and deliberately but never seemed
+at a loss for words, or vintage Reagan mannerisms.
+    At one point in the contra discussion he furrowed his brow
+in puzzlement as he said he was just as mystified as everyone
+about where all the unaccounted millions had gone from the Iran
+arms sales of 1985 and 1986.
+    "I'm still wanting to find out the source of all the extra
+money, the bank accounts and where that extra money went," he
+said.
+    At another point, he laughed off a question on whether he
+might have been told about the contra connection and forgotten,
+saying, "Oh, no," pausing to chuckle and adding:
+    "You'd have heard me without opening the door to my office
+if I'd been told that."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13130" NEWID="7609">
+<DATE>20-MAR-1987 08:14:53.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0606&#31;reute
+u f BC-BERLINER-BANK-SUFFERS   03-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERLINER BANK SUFFERS LOSSES ON STUTTGART LOANS</TITLE>
+<DATELINE>    WEST BERLIN, March 20 - </DATELINE><BODY>&lt;Berliner Bank AG> has suffered
+losses of between 10 and 100 mln marks through credits granted
+by its Stuttgart branch by officials there exceeding their
+powers, a bank spokesman said in answer to queries.
+    The spokesman declined to say exactly how large the losses
+were. Berliner Bank has suspended the three managers of its
+Stuttgart branch and is continuing an investigation into the
+case, in which state prosecutors are also participating.
+    The fact that powers had been exceeded emerged in a routine
+check at the branch. The City of West Berlin owns 74 pct of
+Berliner Bank and the rest is held by small shareholders.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13131" NEWID="7610">
+<DATE>20-MAR-1987 08:17:11.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0612&#31;reute
+u f BC-PRESIDENT-REAGAN-VOWS   03-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDENT REAGAN VOWS TO VETO ANY TAX INCREASE</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>President Ronald Reagan said he
+would veto any tax increases voted by Congress.
+    "My pledge to veto any tax rate increase remains rock solid,"
+Reagan said during a televised news conference.
+     The president said he opposed efforts by some members of
+Congress to back away from deficit reduction targets set by the
+Gramm-Rudman balanced budget law. He urged passage of a
+constitutional amendment to balance the budget.
+    "It's time Congress cut the federal budget and left the
+family budget alone," Reagan said.
+    He said the congressional budget process was in desperate
+need of reform and urged passage of an amendment to the U.S.
+constitution that would require a balanced federal budget.
+    "This yearly deficit feeding process must stop," he added. "We
+must act now to pass a constitutional amendment to balance the
+budget."
+    In the meantime, he said, Congress cannot back away from
+the deficit reduction goals set by federal law he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13132" NEWID="7611">
+<DATE>20-MAR-1987 08:17:55.98</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V Y
+&#22;&#22;&#1;f0615&#31;reute
+u f BC-REAGAN-SAYS-U.S.-NEED   03-20 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAYS U.S. NEEDS TO LESSEN OIL IMPORTS</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>President Reagan said the United
+States must do more to lessen its reliance on imported oil.
+    President Reagan said during a nationally televised news
+conference that the rising U.S. reliance on foreign oil is a
+problem that the administration is studying.
+    "We have to study this more," Reagan said. "This is why we
+increased the Strategic (Petroleum) Reserve, but we have to do
+more," he said.
+    Reagan said his administration has already proposed
+deregulating natural gas and eliminating the windfall profits
+tax on crude oil production.
+    However, he complained that Congress had not yet approved
+those measures.
+    The Department of Energy earlier this week released a
+report that warned of rising U.S. reliance on foreign oil
+imports at a time when domestic production is declining. It
+suggested options for the administration to consider, but made
+no specific recommendations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13133" NEWID="7612">
+<DATE>20-MAR-1987 08:19:03.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0618&#31;reute
+u f BC-REAGAN-SAYS-U.S.-STIL   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAYS U.S. STILL PROBING ACID RAIN PROBLEM</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>President Reagan said the U.S.
+government is still looking into the problem of acid rain.
+    "We're still investigating this," he told a nationally
+televised news conference.
+    Reagan added that the government will now work with U.S.
+industry to help address the problem.
+    However, he declined to endorse the writing of federal
+standards for emissions that would help alleviate the problem.
+    The Reagan administration yesterday announced a 2.5 billion
+dlr, five-year program to deal with acid rain, a problem that
+troubles U.S. relations with Canada.
+    Reagan was asked by a reporter whether the government
+should set emission standards.
+    He responded that the deeper that officials went in
+examining the acid rain problem, the more complex it appeared.
+    He said the government did not want to rush into adopting a
+measure that might ultimately prove fruitless.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13134" NEWID="7613">
+<DATE>20-MAR-1987 08:20:33.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ipe</D><D>liffe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0623&#31;reute
+u f BC-LCE-AND-IPE-TO-INTROD   03-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LCE AND IPE TO INTRODUCE TIME-STAMPING</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>The London Commodity Exchange (LCE) and
+International Petroleum Exchange (IPE) are to introduce revised
+trading slip systems incorporating the time that futures
+business is executed, an LCE spokeswoman said.
+    The LCE's six week trial system starts on April 1, with
+buyers and sellers filling in slips which carry not only the
+transaction, but also the date and time of execution.
+    These slips will then have to be forwarded to market staff
+for entering into International Commodities Clearing House
+(ICCH) terminals within 15 minutes of the trade being
+transacted, the spokeswoman said.
+    The IPE system is similar, although here traders will use
+time-stamping machines which automatically enter the date, as
+is the practice on futures exchanges in the U.S. And on the
+London International Financial Futures Exchange.
+    Time-stamping of U.K. Futures business becomes mandatory
+later this year under the Financial Services Act, to meet the
+Securities and Investments Board's requirement on audit-trails,
+the LCE spokewoman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13135" NEWID="7614">
+<DATE>20-MAR-1987 08:23:55.06</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0633&#31;reute
+h f BC-BANK-OF-SPAIN-SUSPEND   03-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF SPAIN SUSPENDS ASSISTANCE, DRAINS FUNDS</TITLE>
+<DATELINE>    MADRID, March 20 - </DATELINE><BODY>The Bank of Spain suspended its daily
+money market assistance and offered to drain funds with three-
+and seven-day repurchase agreements at 12-1/2 pct, money market
+sources said.
+    The sources said the measures were a further attempt to
+rein in money supply and were likely to force some institutions
+to scramble for funds before the 10-day accounting period for
+reserve requirements closes on Monday.
+    The bank, which raised its rate for ordinary overnight
+assistance to 13-3/4 from 13-1/2 pct on Wednesday, opened its
+special borrowing facility for overnight funds at 14-1/2 pct.
+    Money market sources said institutions in need of funds
+were likely to have to return to the bank tomorrow for further
+assistance.
+    The bank rarely invites applications for ordinary
+assistance on a Saturday and the sources said it was more
+likely to open its special borrowing facility again.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13136" NEWID="7615">
+<DATE>20-MAR-1987 08:24:44.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0637&#31;reute
+r f BC-PACIFICORP-&lt;PPW>-SELL   03-20 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFICORP &lt;PPW> SELLS SERIAL PREFERRED STOCK</TITLE>
+<DATELINE>    PORTLAND, Ore., March 20 - </DATELINE><BODY>PacifiCorp said an offering of
+50 mln dlrs of 7.12 pct serial preferred stock is underway at
+100 dlrs per share through underwriters led by Salomon Inc
+&lt;SB>, Merrill Lynch and Co Inc &lt;MER>, L.F. Rothschild,
+Unterberg, Towbin Inc &lt;R> and Printon, Kane and Co.
+    The company said its proceeds from the offering were 99.20
+dlrs per share.  A sinking fund starting in 1993 will start
+retiring the issue, with retirement to be completed in 2027.
+    PacifCorp also said James P. Best, senior vice president of
+its telecommunications unit, has temporarily switched jobs with
+parent company vice president and controller Stan M. Marks to
+broaden management experience within the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13137" NEWID="7616">
+<DATE>20-MAR-1987 08:25:15.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0640&#31;reute
+r f BC-CINEPLEX-ODEON-OFFICE   03-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CINEPLEX ODEON OFFICERS BUY SHARES FROM COMPANY</TITLE>
+<DATELINE>    TORONTO, March 20 - </DATELINE><BODY>&lt;Cineplex Odeon Corp> said chairman
+Garth H. Drabinsky and vice chairman Myron I. Gottlieb have
+each purchased from the company's treasury 750,000 common
+shares at 17.50 dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13138" NEWID="7617">
+<DATE>20-MAR-1987 08:25:22.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0641&#31;reute
+r f BC-WYERHAEUSER-&lt;WY>-FILE   03-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WYERHAEUSER &lt;WY> FILES TO OFFER PREFERENCE STOCK</TITLE>
+<DATELINE>    TACOMA, Wash., March 20 - </DATELINE><BODY>Weyerhaeuser Co said it has filed
+for an offering of four mln shares of convertible exchangeable
+preference shares through underwriter Morgan Stanley Group Inc
+&lt;MS>.
+    The company said the preference shares will be convertible
+at any time into common shares, and on any dividend payment
+date starting June 15, 1990, the company may exchange all the
+preference shares for convertible subordinated debentures due
+2017. 
+    The company said the preference shares will not be
+redeemable before June 15, 1989 unless the closing price equals
+or exceeds 150 pct of the then-effective conversion price per
+share for at least 20 trading days within a 30 consecutive
+trading day period that ends within five trading days before
+issuance of a notice of redemption.
+    Weyerhaeuser said proceeds will be used to reduce
+outstanding commercial paper, although initially they may be
+invested in marketable securities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13139" NEWID="7618">
+<DATE>20-MAR-1987 08:25:34.89</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0643&#31;reute
+r f BC-TRICO-&lt;TRO>-GETS-CHIN   03-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRICO &lt;TRO> GETS CHINESE CONTRACT</TITLE>
+<DATELINE>    LOS ANGELES, March 20 - </DATELINE><BODY>Trico Industries Inc said it has
+received a six mln dlr contract to supply hydraulic lift
+equipment for heavy crude oil production for the Chinese
+Ministry of Petroleum Industry.
+    The company said the equipment is for use in the Laiohe
+oilfield 350 miles northeast of Peking and will equip a
+140-well program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13140" NEWID="7619">
+<DATE>20-MAR-1987 08:25:38.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0644&#31;reute
+d f BC-COLORADO-VENTURE-CAPI   03-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLORADO VENTURE CAPITAL &lt;COVC> ASSET VALUE UP</TITLE>
+<DATELINE>    BOULDER, Colo., March 20 - </DATELINE><BODY>Colorado Venture Capital corp
+said its net asset value rose 215,239 dlrs or two cts per share
+during the fourth quarter and 175,712 dlrs or two cts per share
+during the full year 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13141" NEWID="7620">
+<DATE>20-MAR-1987 08:25:43.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0645&#31;reute
+d f BC-MICRON-TECHNOLOGY-INC   03-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRON TECHNOLOGY INC &lt;DRAM> 2ND QTR MARCH FIVE</TITLE>
+<DATELINE>    BOISE, March 20 -
+    </DATELINE><BODY>Shr loss 46 cts vs loss 51 cts
+    Net loss 10.9 mln vs loss 9,782,818
+    Revs 20.1 mln vs 9,437,270
+    Avg shrs 23.5 mln vs 19.3 mln
+    1st half
+    Shr loss 90 cts vs loss 1.11 dlrs
+    Net loss 20.6 mln vs 21.4 mln
+    Revs 38.9 mln vs 14.5 mln
+    Avg shrs 22.8 mln vs 19.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13142" NEWID="7621">
+<DATE>20-MAR-1987 08:25:47.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0646&#31;reute
+d f BC-BIOSEARCH-MEDICAL-PRO   03-20 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOSEARCH MEDICAL PRODUCTS INC &lt;BPMI> 4TH QTR</TITLE>
+<DATELINE>    SOMERVILLE, N.J., March 20 -
+    </DATELINE><BODY>Shr loss seven cts vs loss 23 cts
+    Net loss 381,000 vs loss 1,071,000
+    Sales 4,531,000 vs 4,409,000
+    Year
+    Shr loss 21 cts vs loss 98 cts
+    Net loss 1,098,000 vs loss 4,658,000
+    Sales 17.8 mln vs 17.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13143" NEWID="7622">
+<DATE>20-MAR-1987 08:25:50.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0647&#31;reute
+s f BC-MOORE-FINANCIAL-GROUP   03-20 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOORE FINANCIAL GROUP INC &lt;MFGI> SETS PAYOUT</TITLE>
+<DATELINE>    BOISE, March 20 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Pay April 16
+    Record April Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13144" NEWID="7623">
+<DATE>20-MAR-1987 08:26:22.50</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0648&#31;reute
+u f BC-DUTCH-JANUARY-INDUSTR   03-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH JANUARY INDUSTRIAL PRODUCTION RISES 4.8 PCT</TITLE>
+<DATELINE>    THE HAGUE, March 20 - </DATELINE><BODY>Industrial production rose 4.8 pct on
+a seasonally-adjusted basis in January compared with December
+while rising 2.8 pct from January last year, Central Bureau of
+Statistics figures show.
+    In December, industrial production fell by 2.8 pct from
+November while rising 2.9 pct compared with December 1985.
+    The industrial production index, base 1980, stood at 109 in
+January compared with a downward revised 104 in December, which
+was initially put at 105. In January last year, the index stood
+at 106 and in December 1985 at 101.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13145" NEWID="7624">
+<DATE>20-MAR-1987 08:26:27.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>israel</D><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0649&#31;reute
+u f BC-ISRAELI-JETS-RAID-SOU   03-20 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAELI JETS RAID SOUTH LEBANON</TITLE>
+<DATELINE>    BEIRUT, March 20 - </DATELINE><BODY>Israeli jets bombed Palestinian targets
+east of the south Lebanese port town of Sidon, in the first
+such attack this month, local radio stations said.
+    They said the planes attacked Palestinian targets in the
+Darb al-Sim area, a few km (miles) east of Sidon, and smoke was
+seen billowing over the area.
+    Details were not immediately available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13146" NEWID="7625">
+<DATE>20-MAR-1987 08:27:30.34</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>veg-oil</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0652&#31;reute
+r f BC-BONN-EXPRESSES-SUPPOR   03-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BONN EXPRESSES SUPPORT FOR U.S. ON EC VEG OIL TAX</TITLE>
+<DATELINE>    HAMBURG, March 20 - </DATELINE><BODY>The West German government expressed
+support for the U.S. Position in opposing the proposed European
+Community tax on vegetable oils and fats, a U.S. Embassy
+spokesman said.
+    The spokesman, speaking from Bonn, said, "We have good
+reason to think West Germany holds to its resistance to the
+proposed tax."
+    Several top government officials told the American Soybean
+Association and the National Soybean Processors Association
+delegations there was no reason for American producers and
+processors to pay for EC agriculture, the spokesman said.
+    European agriculture was facing severe problems, but both
+the Community and the U.S. Should work closely within the
+framework provided by the General Agreement on Tariffs and
+Trade, he said.
+    The delegations will continue their top level meetings in
+Bonn today but will not issue a statement before returning to
+the U.S. At the weekend.
+    The EC and the U.S. Realised the tax issue would stay on
+the agenda for several months and there were indications that
+both sides would have to prepare for some tough negotiations,
+the spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13147" NEWID="7626">
+<DATE>20-MAR-1987 08:28:03.24</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0653&#31;reute
+d f BC-SENATE-WANTS-JAPAN-SE   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE WANTS JAPAN SEMICONDUCTER PACT ENFORCED</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The U.S. Senate has unanimously
+called for President Reagan immediately to force Japan to live
+up to a pledge to stop dumping its microchips and open its
+markets to U.S. Chipmakers.
+    The Senate voted 93 to 0 to urge Reagan to impose penalties
+on Japanese high-technology products containing semiconductors
+in retaliation for what it sees as Japan's violations of the
+semiconductor pact.
+    While the measure does not bind Reagan to any action,
+Senate leaders said its adoption would warn Japan stiffer
+legislation would be considered if the violations continue.
+    "We want to send a message to Japan to let it know how the
+Senate feels about this matter," Senate Democratic Leader Robert
+Byrd told the Senate.
+    Senate Finance Committee chairman Lloyd Bentsen told the
+Senate the measure was not aimed at retaliation but at
+correcting Japan's unfair trade practices.
+    A key House trade lawmaker, Representative Richard Gephardt
+also announced he would seek to force Japan and other countries
+with huge trade surpluses to slash their surplus by 10 pct a
+year for three years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13148" NEWID="7627">
+<DATE>20-MAR-1987 08:29:01.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0657&#31;reute
+r f BC-FLEET-&lt;FLT>-COULD-FAC   03-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLEET &lt;FLT> COULD FACE CONNECTICUT DIVESTITURE</TITLE>
+<DATELINE>    PROVIDENCE, March 20 - </DATELINE><BODY>Fleet Financial Group said it might
+have to sell its First Connecticut Corp subsidiary as a result
+of its proposed 1.3 billion dlr acquisition of Norstar Bancorp
+&lt;NOR>.
+    Under Connecticut banking law, New England based bank
+holding companies such as Fleet are not allowed to operate
+Connecticut banks if they merge with companies from outside the
+region.  Norstar is based in Albany, N.Y.
+    First Connecticut has assets of about two billion dlrs. 
+Fleet has total assets of about 21 billion dlrs.
+    Fleet said it will seek to have the Connecticut law amended
+to allow it to retain First Connecticut, which is based in
+Hartford.
+    Fleet's acquisition of Norstar is now expected to be
+completed around July 1, 1988, when a change in laws in Fleet's
+home state of Rhode Island allowing interstate banking outside
+New England will go into effect.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13149" NEWID="7628">
+<DATE>20-MAR-1987 08:35:00.33</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0683&#31;reute
+u f BC-JAPAN-UNDER-ATTACK-OV   03-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN UNDER ATTACK OVER TRADE SURPLUS</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 20 - </DATELINE><BODY>Japan's economic policies face fierce
+international attack as hopes fade of a substantial drop in its
+trade surplus, international monetary sources said.
+    At a meeting this week in Paris, senior government
+officials from major nations are considering an Organisation
+for Economic Cooperation and Development (OECD) staff report
+that forecasts a continuing large Japanese trade surplus, they
+said.
+    Though Japanese exports have become more expensive with the
+yen's sharp rise against the dollar, they still tend to surge
+when growth picks up, according to the OECD.
+    As a solution, the OECD staff has urged Japan to redirect
+its export-driven economy, boosting domestic demand and imports
+by adopting a more flexible fiscal policy, they said.
+    That recommendation echoes calls made recently at secret
+meetings of the International Monetary Fund's executive board.
+    The monetary sources said Japan's policy was criticized
+when the board met to consider the country's economy under the
+annual consultations it holds with each of its members.
+    The United States, which until recently has been reluctant
+to criticize Japan's fiscal stance, joined in the attack, he
+said.
+    The IMF staff has also cast doubt on the Japanese
+government's forecast of 3.5 pct economic growth in the fiscal
+year beginning April 1. Most independent forecasters, including
+the IMF, believe that growth in calendar 1987 will be below
+three pct, monetary sources said.
+    The Finance Ministry has been particularly sensitive to
+such criticism because it is already under mounting domestic
+pressure to boost an economy hard-hit by the yen's rise. The
+yen's climb has lost exporters sales and profits in the huge
+American market.
+    Tokyo is also eager to avoid any suggestion that a further
+yen rise might be needed to cut its trade surplus, which last
+year amounted to a record 93 billion dlrs.
+    Japan cannot tolerate a further rise of the yen, Foreign
+Minister Tadashi Kuranari said recently. The yen closed here
+today at 151.53 to the dollar. Most Japanese politicians,
+including Finance Minister Kiichi Miyazawa, are clearly hoping
+the yen will weaken, government officials said.
+    At a meeting in Paris last month, Britain, Canada, France,
+Japan, the United States and West Germany, agreed to cooperate
+to hold currencies at around current levels.
+    Officials said that wording represented a compromise.
+Miyazawa hopes the agreement will hold the yen stable for a few
+months, before it weakens later in the year.
+    Japan wanted the Paris communique to imply a higher value
+for the dollar, perhaps by substituting the word "recent" for
+"current," while the United States wanted it to more clearly
+point to the dollar's weaker levels now, perhaps by use of the
+word "present," they said.
+    In the months leading up the February 22 agreement, the
+dollar dropped some 10 yen.
+    The officials also sought to discredit suggestions in the
+market that recent U.S. Action to prevent the dollar from
+rising above 1.87 marks pointed to a 153 to 155 yen ceiling for
+the U.S. Currency.
+    Japan has also attacked OECD forecasts, which it says do
+not take account of the structural changes in the Japanese
+economy that will be triggered by the strong yen.
+    Officials said there are already signs of that. More and
+more companies have announced plans to move production
+facilities offshore to take advantage of cheaper costs abroad,
+they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13150" NEWID="7629">
+<DATE>20-MAR-1987 08:35:38.58</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0688&#31;reute
+r f BC-GEODOME-&lt;GOEDF>-TO-ST   03-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEODOME &lt;GOEDF> TO START MINE CONSTRUCTION</TITLE>
+<DATELINE>    HAILEY, Idaho, March 20 - </DATELINE><BODY>Geodome Resources Ltd said
+following receipt of a feasibility study from Raytheon Co's
+&lt;RTN> Stearns Catalytic unit, it will proceed with construction
+and pre-production stripping at its Sunbeam Mine in Custer
+County, Idaho, as quickly as possible.
+    The company said the study found proven ore reserves of
+3,302,000 short tons grading 0.077 ounce of gold per ton.  It
+said the mine will operate at a rate of 626,000 tons of ore per
+year, with higher-grade ore being mined in the first three
+years for a rapid payback of capital costs.
+    The company said the feasibility study calls for gold
+production averaging 41,000 ounces a year for the life of the
+mine and 50,000 ounces a year over the first three years, with
+99,000 ounces of silver per year being produced over the miune
+life.
+    Capital costs would be 22.3 mln dlrs with all-new equipment
+and 500,000 to one mln dlrs less with used equipment, it said. 
+It said the mine would be operated by a contract miner but the
+associated mill by Geodome.
+    Geodome said a new ore zone discovered last summer is not
+included in reserve calculations. It said eight of the nine
+holes drilled there have an average grade of 0.046 ounce of
+gold and 2.1 ounces of silver per ton. Also excluded are
+reserves of 1,400,000 tons of low-grade material that could be
+milled profitably at 425 dlrs a ton for gold. The feasibility
+study used a 350 dlr gold price.
+    Geodome said operating costs of the mine will average 201
+dlr per ounce of gold for the mine life and 171 dlrs for the
+first three years, in constant dollars.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13151" NEWID="7630">
+<DATE>20-MAR-1987 08:37:18.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0699&#31;reute
+h f BC-JAPAN-ECONOMIC-PACKAG   03-20 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ECONOMIC PACKAGE AFTER BUDGET - MIYAZAWA</TITLE>
+<DATELINE>    TOKYO, March 20 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said
+Japan plans to announce a package of economic measures
+immediately after the 1987/88 budget passes Parliament.
+    The passage of the full budget is expected after May 20 as
+the government has decided to compile a 50-day stop-gap budget
+for the year starting April 1. An opposition boycott over a
+proposed sales tax has disrupted parliamentary business.
+    Miyazawa told a press conference Prime Minister Yasuhiro
+Nakasone is unlikely to take the package to Washington.
+    Nakasone hopes to meet President Reagan in late April or
+early May to prepare for the Venice economic summit in June.
+    Asked if he planned to visit the U.S. To attend monetary
+conferences including International Monetary Fund meetings in
+early April, Miyazawa said he will make a decision carefully on
+the matter, taking into account parliament debate.
+    The package is likely to include a record amount of public
+works spending in the first 1987/88 half, Miyazawa said.
+    Miyazawa said the provisional budget will total about 8,800
+billion yen and incorporate a little more than 1,800 billion
+for public works. Japan expects the stop-gap budget to help
+spur the economy, Miyazawa said.
+    Miyazawa said the Government and the ruling Liberal
+Democratic Party will seek the passage of the bills related to
+the controversial sales tax without any revision.
+    Japanese press reports had previously interpretated remarks
+by a top government official as indicating a revision of the
+tax but the official did not mean that, Miyazawa said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13152" NEWID="7631">
+<DATE>20-MAR-1987 08:39:27.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0708&#31;reute
+r f BC-M.D.C.-ASSET-INVESTOR   03-20 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>M.D.C. ASSET INVESTORS &lt;MIR> IN INITIAL PAYOUT</TITLE>
+<DATELINE>    DENVER, March 20 - </DATELINE><BODY>M.D.C. Asset Investors Inc, which
+recently went public, said its board declared an initial
+quarterly dividend of 45 cts per share, payable April 15 to
+holders of record April One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13153" NEWID="7632">
+<DATE>20-MAR-1987 08:41:46.23</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0711&#31;reute
+u f BC-JAPAN-SAYS-OECD-STUDY   03-20 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SAYS OECD STUDY ON SUBSIDIES STILL ONGOING</TITLE>
+<DATELINE>    TOKYO, March 20 - </DATELINE><BODY>Japanese Agriculture Ministry officials
+said a study of agriculture subsidies by the Organisation for
+Economic Cooperation and Development, OECD, is still under way
+and will be completed sometime next month.
+    The officials said the study has been inaccurate so far,
+and they said Japan would comment on the final results.
+    A Reuter report from Washington yesterday said the study
+has found that Japan has the highest agriculture subsidies in
+the world and that dairy farmers benefit more than any other
+commodity producers from subsidies. The study has not been
+officially released due to objections from some countries.
+    Japan has withdrawn its objection and decided to accept the
+release of the study, the agriculture ministry officials said.
+OECD directors are expected to approve the release at a meeting
+in mid-May.
+    One agriculture ministry source said the study so far was
+based on the years 1979-81. Japanese subsidies have dropped
+sharply since then, partly because of tight budgetary policy,
+and foreign currency factors have also changed, he said.
+    "The study is ... Unfair and unacceptable because it does
+not take account of various differences in farming conditions
+in each country, such as geography," the source said.
+    He said it is highly likely that the final study will show
+Japan has the highest farm subsidies in the world.
+    "This would increase foreign pressure to open Japan's farm
+market further, but this would have little impact on Japan's
+agriculture policy," he said, without giving further details.
+    A main purpose of the study is to clarify export subsidies
+by major exporting nations like the United States and the
+European Community, but Japan is a major importer, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13154" NEWID="7633">
+<DATE>20-MAR-1987 08:45:18.86</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0723&#31;reute
+u f BC-VOLCKER-SAYS-U.S.-TRA   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER SAYS TRADE DEFICIT IS MAJOR CHALLENGE</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., March 20 - </DATELINE><BODY>Federal Reserve Board
+Chairman Paul Volcker said the U.S. Trade deficit is a
+challenge for the U.S. Equal to the Soviet Union launching of
+Sputnik.
+    "The international challenge implicit in our huge trade
+deficit has become the 1980s equivalent to the launch of
+Sputnik by the Russians in the 1950s, when we suddenly feared
+we were to be left in the wake of Soviet technological
+achievement," he said in an address to Florida educators.
+     He said the trade problem underscored the need to reform
+the U.S. Educational system to improve economic performance.
+    The Commerce Department reported last week that the
+nation's trade gap, calculated on a balance-of-payments basis,
+swelled to a record 38.37 billion dlrs in the fourth quarter,
+bringing the 1986 deficit to a record 147.71 billion dlrs.
+    Volcker called on educators to stress the development of
+basic reading, writing and mathematics skills and urged them to
+help students adapt to the fast-changing economic climate.
+    Volcker said the challenge was greatest in the education of
+low-income minority groups such as blacks and Hispanics.
+           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13155" NEWID="7634">
+<DATE>20-MAR-1987 08:50:15.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0741&#31;reute
+r f BC-(CORRECTED)-MICROPRO   03-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED)-MICROPRO INTERNATIONAL CORP &lt;MPRO> NET</TITLE>
+<DATELINE>    SAN RAFAEL, Calif., March 20 - </DATELINE><BODY>2nd qtr
+    Shr four cts vs seven cts
+    Net 500,000 vs 900,000
+    Revs 9,200,000 vs 10.5 mln
+    1st half
+    Shr four cts vs 12 cts
+    Net 600,000 vs 1,500,000
+    Revs 17.6 mln vs 20.8 mln
+    NOTE: Period ended February 28.
+    Company corrects period in March 19 item
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13156" NEWID="7635">
+<DATE>20-MAR-1987 08:55:18.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0754&#31;reute
+u f BC-C.O.M.B.-&lt;CMCO>-TO-AC   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C.O.M.B. &lt;CMCO> TO ACQUIRE REST OF CABLE VALUE</TITLE>
+<DATELINE>    PLYMOUTH, Minn., March 20 - </DATELINE><BODY>C.O.M.B. Co said its board has
+approved a proposal to acquire the 50 pct of Cable Value
+Network held by its cable television industry partners in
+exchange for warrants for C.O.M.B. common.
+    The company, which already owns the other 50 pct of CVN,
+said it plans to change its name to CVN.
+    C.O.M.B. said the proposal calls for its cable partners to
+receive about eight mln five year warrants in exchange for
+their 50 pct interest in CVN and commit to a long-term
+affiliation agreement to carry CVN programming.
+    C.O.M.B. said the proposed warrants would carry an exercise
+price of 18.125 dlrs a share.
+    It said the 7,869,353 warrants originally offered to cable
+partners will continue to vest on the pre-agreed schedule. The
+company now has about 18.1 mln shares outstanding.
+    C.O.M.B. said the transaction is subject to the parties
+entering into an agreement which would be subject to approval
+by its shareholders and regulatory agencies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13157" NEWID="7636">
+<DATE>20-MAR-1987 08:55:22.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0755&#31;reute
+r f BC-HOME-SAVINGS-DURHAM-&lt;   03-20 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SAVINGS DURHAM &lt;HSLD> SETS STOCK DIVIDEND</TITLE>
+<DATELINE>    DURHAM, N.C., March 20 - </DATELINE><BODY>Home Savings and Loan Association
+Inc of Durham, N.C., said its board declared a 20 pct stock
+dividend, payable April 28 to holders of record April Three.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13158" NEWID="7637">
+<DATE>20-MAR-1987 09:02:25.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0761&#31;reute
+f f BC-******TWA-IN-LEGAL-ST   03-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TWA IN LEGAL STIPULATION NOT TO PURSUE THE ACQUISITION OF USAIR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13159" NEWID="7638">
+<DATE>20-MAR-1987 09:04:12.33</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0764&#31;reute
+f f BC-Top-discount-rate-at   03-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Top discount rate at U.K. Bill tender falls to 9.1250 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13160" NEWID="7639">
+<DATE>20-MAR-1987 09:07:52.66</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0771&#31;reute
+r f BC-cannorthwest   03-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA NORTHWEST TO SELL PREFERRED SHARES</TITLE>
+<DATELINE>    CALGARY, Alberta, March 20 - </DATELINE><BODY>&lt;Canada Northwest Energy Ltd>
+said it reached agreement in principle to sell one mln
+preferred shares by way of private placement to raise 32.5 mln
+dlrs for oil and gas exploration.
+    The 5.4 pct cumulative redeemable convertible series D
+preferred shares will be flow-through shares entitling holders
+to tax deductions not claimed by the company.
+    The shares will be convertible anytime after issue into
+common shares at an equivalent conversion price of 32.50 dlrs a
+share. After one year, they will be redeemable at any time by
+the company at 25 dlrs a share plus accrued dividends.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13161" NEWID="7640">
+<DATE>20-MAR-1987 09:08:12.97</DATE>
+<TOPICS><D>trade</D><D>iron-steel</D><D>cotton</D></TOPICS>
+<PLACES><D>india</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G M T
+&#22;&#22;&#1;f0773&#31;reute
+d f BC-INDIA,-AUSTRALIA-AGRE   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA, AUSTRALIA AGREE TO IMPROVE TWO-WAY TRADE</TITLE>
+<DATELINE>    NEW DELHI, March 20 - </DATELINE><BODY>Indian and Australian businessmen
+signed a memorandum of understanding to boost two-way trade and
+joint industrial ventures in both countries, spokesmen of the
+Indo-Australia Business Council told reporters.
+    The Indian Council said it hoped India's exports to
+Australia would improve in the next few months and reduce the
+trade balance which is heavily in Australia's favour.
+    In 1986 Australia sold 428 mln Australian dlrs' worth of
+goods, including steel and coking coal, to India and bought
+170.5 mln worth of items, including cotton textiles, from India.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13162" NEWID="7641">
+<DATE>20-MAR-1987 09:10:21.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0780&#31;reute
+f f BC-******ohio-edison-sel   03-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>OHIO EDISON SELLS 30 PCT OF NUCLEAR INTEREST FOR 509 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13163" NEWID="7642">
+<DATE>20-MAR-1987 09:16:58.78</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>finland</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G M T
+&#22;&#22;&#1;f0795&#31;reute
+r f BC-HIGH-WINDS-KEEP-VESSE   03-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGH WINDS KEEP VESSELS TRAPPED IN BALTIC ICE</TITLE>
+<DATELINE>    HELSINKI, March 20 - </DATELINE><BODY>Strong south-easterly winds were
+keeping many vessels trapped in the ice off the Finnish and
+Swedish coasts in one of the worst icy periods in the Baltic
+for many years, the Finnish Board of Navigation said.
+    In Finland and Sweden up to 50 vessels were reported to be
+stuck in the ice, and even the largest of the assisting
+icebreakers were having difficulties in breaking through to the
+stranded ships, coastguard officials said.
+    However, icy conditions in the southern Baltic at the
+Soviet oil ports of Ventspils and Klaipeda had eased, they said.
+    Weather officials in neighbouring Sweden said the icy
+conditions in the Baltic were the worst for 30 years, with
+ships fighting a losing battle to keep moving.
+    In the coastal stretches of the Gulf of Bothnia, which
+divides Finland and Sweden, the ice is up to one metre thick,
+with drifts and currents packing it into almost impenetrable
+walls three metres high, Swedish coastguard officials said.
+    Weather forecasts say winds may ease during the weekend but
+a further drop in temperature could bring shipping to a
+standstill, the officials said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13164" NEWID="7643">
+<DATE>20-MAR-1987 09:20:17.13</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>switzerland</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0801&#31;reute
+r f BC-EC-AND-COMECON-ENDS-T   03-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC AND COMECON ENDS TALKS WITH PROGRESS</TITLE>
+<AUTHOR>    By Stephanie Nebehay, Reuters</AUTHOR>
+<DATELINE>    GENEVA, March 20 - </DATELINE><BODY>The European Community (EC) and
+Soviet-led Comecon ended talks here, having made progress on
+setting up formal trade relations, but no breakthrough because
+of Comecon's refusal to recognise West Berlin as part of the
+EC, delegates said.
+    Negotiators were trying to reach agreement on the draft of
+a joint declaration setting up official relations after 30
+years of mutual non-recognition. John Maslen, head of the EC
+delegation, told Reuters as he emerged from the final session:
+"We made some progress, but we have called for another meeting."
+    Officials, who asked not to be named, said the Comecon team
+had refused to accept a clause in the draft declaration which
+would recognise West Berlin as part of the 12-nation EC.
+    Under the 1957 Treaty of Rome all contracts and agreements
+signed by the Community must contain this territorial clause
+stipulating West Berlin is an integral part of the EC. An EC
+negotiator taking part in the three-day talks said: "We wanted
+the territorial clause in, but Comecon said no."
+    A joint statement issued after the talks said progress was
+made towards clarifying positions, but another meeting would be
+necessary to complete the work.
+    Any decision in principle to set up relations would require
+approval by the Community's Council of Ministers and by the
+executive committee of Comecon.
+    Zdzislaw Kuroski, deputy director of Comecon, who heads the
+East bloc delegation, told Reuters ahead of today's session: "We
+have narrowed our differences on a range of questions, but not
+on all questions."
+    Asked whether Comecon would accept EC insistence that any
+joint declaration stipulate West Berlin as part of the
+Community, he replied: "This question is not contained in the
+draft which our side presented."
+    West German diplomats said they would insist on including
+the clause on West Berlin in any EC-Comecon agreement.
+    The talks followed an earlier round between the two trading
+blocs here last September and the first-ever direct talks
+between the EC and the Soviet Union on establishing diplomatic
+relations in January.
+    The EC trades with individual Comecon member states despite
+non-recognition of Comecon. Last year, the EC had a five
+billion dlr trade deficit with East European states, about half
+the deficit of the previous year, due to a drop in the price of
+Soviet oil imported by the EC.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13165" NEWID="7644">
+<DATE>20-MAR-1987 09:20:28.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0802&#31;reute
+b f BC-OHIO-EDISON-&lt;OEC>-SEL   03-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OHIO EDISON &lt;OEC> SELLS 30 PCT OF NUCLEAR INTEREST</TITLE>
+<DATELINE>    AKRON, Ohio, March 20 - </DATELINE><BODY>Ohio Edison Co said it has
+completed the sale and leaseback of 30 pct of its 30 pct
+interest in Unit One of the Perry Nuclear Power Plant,
+receiving 509 mln dlrs for the interest.
+    The utility said the share of its interest in the 1,205
+megawatt generating plant was sold to a group of institutional
+investors which leased it back to the company for a period of
+about 29 years at a negotiated lease payment rate.
+    Ohio Edison said the proceeds will be used to finance the
+rest of its 1987 construction program and repay bank loans
+incurred for the retirement of high-interest long-term debt.
+    Ohio Edison did not detail the lease payments, but it said
+the "payments will reduce the amount of revenue the company
+will need to cover our investment in Perry, which translates
+into savings for our customers."
+    The utility said it projects the financing could reduce the
+amount of annual revenue needed by about 20 mln dlrs. It plans
+on filing a rate application with the Public Utilities
+Commission of Ohio to recover the Perry costs later this year.
+    It said the sale and leaseback was attractive to the
+investors because they could take quicker advantage of tax
+benefits than the utility could.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13166" NEWID="7645">
+<DATE>20-MAR-1987 09:22:03.31</DATE>
+<TOPICS><D>gold</D><D>silver</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0803&#31;reute
+u f BC-GEODOME-SETS-IDAHO-GO   03-20 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEODOME SETS IDAHO GOLD/SILVER MINE CONSTRUCTION</TITLE>
+<DATELINE>    HAILEY, Idaho, March 20 - </DATELINE><BODY>Geodome Resources Ltd said
+following receipt of a feasibility study from Raytheon Co's
+Stearns Catalytic unit it will proceed with construction and
+pre-production stripping at its Sunbeam Mine in Custer County,
+Idaho, as quickly as possible.
+    The company said the study found proven ore reserves of
+3,302,000 short tons grading 0.077 ounce of gold per ton. It
+said the mine will operate at a rate of 626,000 tons of ore per
+year, with higher-grade ore being mined in the first three
+years for a rapid payback of capital costs.
+    It said the feasibility study calls for gold production
+averaging 41,000 ounces a year for the life of the mine and
+50,000 ounces a year over the first three years, with 99,000
+ounces of silver per year being produced over the mine life.
+    Capital costs would be 22.3 mln dlrs with all-new equipment
+and 500,000 to one mln dlrs less with used equipment, the firm
+said. It said the mine would be operated by a contract miner
+but the associated mill by Geodome.
+    Geodome said a new ore zone discovered last summer is not
+included in reserve calculations. It said eight of the nine
+holes drilled there have an average grade of 0.046 ounce of
+gold and 2.1 ounces of silver per ton.
+    Also excluded are reserves of 1,400,000 tons of low-grade
+material that could be milled profitably at 425 dlrs a ton for
+gold. The feasibility study used a 350 dlr gold price.
+    Geodome said operating costs of the mine will average 201
+dlr per ounce of gold for the mine life and 171 dlrs for the
+first three years, in constant dollars.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13167" NEWID="7646">
+<DATE>20-MAR-1987 09:22:35.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0805&#31;reute
+u f BC-QINTEX-SAYS-PRINCEVIL   03-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QINTEX SAYS PRINCEVILLE &lt;PVDC> IN CREDIT DEAL</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>&lt;Qintex Ltd> of Brisbane said it has
+arranged for a leading Australian financial institution it did
+not name to provide Princeville Development Corp with the
+letter of credit required by the terms of Qintex's proposed
+acquisition of Princeville.
+    The company also said through yesterday, when its tender
+offer for 3,300,000 Princeville shares was to have expired, it
+had received over seven mln Princeville shares in the bid,
+which has been extended until March 23 at 1800 EST.
+    Qintex said the letter of credit is to insure payment of
+Princeville's contingent subordinated notes that would be
+distributed to shareholders of record on the date immediately
+following completion of the tender offer.
+    The company said it believes the conditions of the
+commitment letter will be satisfactory to Princeville.  It said
+Princeville had previously held talks with a financial
+institution on obtaining a letter of credit but was unable to
+reach mutually acceptable terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13168" NEWID="7647">
+<DATE>20-MAR-1987 09:23:01.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0807&#31;reute
+u f BC-STANLEY-INTERIORS-&lt;ST   03-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANLEY INTERIORS &lt;STHF> SAYS RESULTS REDUCED</TITLE>
+<DATELINE>    STANLEYTOWN, Va., March 20 - </DATELINE><BODY>Stanley Interiors Corp said
+its first quarter shipments and operating income were lower
+than expected due to snowstorms in January and February that
+forced the closing of some of its manufacturing facilities for
+up to six days.
+    Stanley said, however, that any reduction in first quarter
+operating income will be offset by reduced interest expense and
+that first quarter net income will be about flat with first
+quarter 1986 net income of 14 cts a share, or 286,000 dlrs.
+    Stanely also said the first quarter's sales losses would be
+made up by shipments in the second quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13169" NEWID="7648">
+<DATE>20-MAR-1987 09:23:15.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0808&#31;reute
+a f BC-WYMAN-GORDON-&lt;WYMN>-T   03-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WYMAN-GORDON &lt;WYMN> TO INVEST 11.7 MLN DLRS</TITLE>
+<DATELINE>    WORCESTER, Mass., March 19 - </DATELINE><BODY>Wyman-Gordon Inc said it plans
+to invest 11.7 mln dlrs in two projects to improve the
+company's metals technology capabilities.
+    The projects include the installation of a plasma cold
+hearth refining system in its Millbury facility for the
+production of nickel-base alloy power metal and titanium alloy
+electrodes, the company said.
+    The other involves the modification of its 35,000-ton
+hydraulic forging press, Wyman-Gordon said.
+    Both projects are scheduled for completion in 1989, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13170" NEWID="7649">
+<DATE>20-MAR-1987 09:23:41.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f0811&#31;reute
+r f BC-discovery   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DISCOVERY WEST PLANS CONVERTIBLE NOTE ISSUE</TITLE>
+<DATELINE>    TORONTO, March 20 - </DATELINE><BODY>&lt;Discovery West Corp> said it plans to
+sell convertible subordinated notes in a principal amount of
+between four mln and seven mln dlrs by way of a private
+placement through First Marathon Securities Ltd.
+    Discovery West said the notes will be convertible into
+eight pct convertible subordinated debentures, which in turn
+will be convertible into common shares at a price of two dlrs a
+share.
+    It said it expects to complete the note sale on April nine
+and plans to use up to five mln dlrs of proceeds to buy
+convertible notes of &lt;Rayrock Yellowknife Resources Inc>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13171" NEWID="7650">
+<DATE>20-MAR-1987 09:25:13.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0814&#31;reute
+b f BC-/TWA-&lt;TWA>-IN-COURT-S   03-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> IN COURT SETTLEMENT WITH USAIR &lt;U></TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Trans World Airlines Inc said it
+reached an agreement yesterday in federal court with USAir
+Group Inc that prevents TWA from buying additional shares of
+USAir.
+    Under the agreement, TWA, which holds about 15 pct of USAir
+stock, will not buy more USAir shares before April 23 and will
+not do so after that date without giving 14 days notice to
+USAir.
+    TWA also agreed that it would not knowingly and willingly
+interfere with the consummation of the merger between USAir and
+Piedmont Aviation Inc &lt;PIE>.
+    TWA said the court agreement confirms previous
+announcements by the company, in filings with the Securities
+and Exchange Commission, that it does not presently intend to
+seek control of USAir or to acquire additional common stock.
+    As a result of the agreement, the court removed a previous
+temporary restraining order against TWA, the company said.
+    TWA and USAir have also agreed that all litigation between
+them in Pittsburgh and Delaware will be stayed until April 23.
+TWA said the agreement does not prevent it from commenting to
+regulatory agencies on the USAir, Piedmont merger.
+    In a separate statement, USAir said the agreement also
+included a provision that all USAir shares currently owned by
+TWA and its chairman, Carl Icahn, will be voted through a
+voting trust in proportion to the votes of other shares not
+controlled by TWA or Icahn.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13172" NEWID="7651">
+<DATE>20-MAR-1987 09:32:06.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0829&#31;reute
+b f BC-TREASURY'S-BAKER-SEES   03-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SEES INCREASED TAX COMPLIANCE</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Treasury Secretary James Baker said
+that over the long-term the tax reform bill and lower marginal
+tax rates should increase compliance with the tax law and bring
+in additional revenue.
+    In testimony before a senate appropriations subcommittee
+Baker said no savings in the Treasury's budgetary requirements
+wil be achieved in the short-run by the new tax law.
+    "The tax changes occurring in 1987 and 1988 under tax reform
+will not directly effect IRS enforcement activities until
+financial year 1989 and 1990."
+    He told the subcommittee that the Treasury's objective was
+to strengthen the capability of the Internal Revenue Service to
+promote tax compliance and generate revenue.
+    He said they were seeking funds to increase staffing to
+reduce the backlog of delinquent tax accounts, reducing pending
+tax litigation cases under appeal, and resolving unreported
+income cases disclosed through a program that matches third
+party documents to returns.
+    "This request will continue our effort to build a stronger
+and more credible deterrent against non-compliance with tax
+laws," he said.
+    Baker also told the subcommittee that the administration
+would continue the efforts to improve the management of the
+government's cash and credit, and its financial information.
+     In addition a policy of full reimbursement to Federal
+Reserve Banks for the fiscal agent services they provide in
+marketing and maintaining Treasury securities will be
+continued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13173" NEWID="7652">
+<DATE>20-MAR-1987 09:32:30.79</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0831&#31;reute
+b f BC-U.K.-MONEY-MARKET-GET   03-20 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GETS 186 MLN STG AFTERNOON HELP</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>The Bank of England said it had given
+the money market a further 186 mln stg assistance in the
+afternoon session. This brings the Bank's total help so far
+today to 945 mln stg and compares with its revised forecast of
+a one billion stg deficit.
+    The central bank bought bank bills outright comprising 51
+mln stg in band one at 9-7/8 pct and 135 mln stg in band two at
+9-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13174" NEWID="7653">
+<DATE>20-MAR-1987 09:32:41.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0832&#31;reute
+f f BC-******CHICAGO-PACIFIC   03-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHICAGO PACIFIC CORP TO GET 40 MLN DLRS FROM SETTLEMENT OF HOOVER PLC PENSION FUND
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13175" NEWID="7654">
+<DATE>20-MAR-1987 09:34:18.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0847&#31;reute
+r f BC-rayrock   03-20 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYROCK TO ISSUE 24 MLN DLRS OF NOTES</TITLE>
+<DATELINE>    TORONTO, March 20 - </DATELINE><BODY>&lt;Rayrock Yellowknife Resources Inc>
+said it plans to sell 24 mln dlrs of convertible subordinated
+notes by way of a private placement through First Marathon
+Securities Ltd.
+    The notes will be convertible into 7.5 pct convertible
+subordinated debentures, which in turn will be convertible into
+2.4 mln subordinate voting shares of the company.
+    Rayrock said it expects to complete the note sale on April
+nine. The sale is subject to regulatory approvals.
+             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13176" NEWID="7655">
+<DATE>20-MAR-1987 09:34:27.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0848&#31;reute
+r f BC-STANLEY-INTERIORS-&lt;ST   03-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANLEY INTERIORS &lt;STHF> TO SELL CONVERTIBLES</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Stanley Interiors Corp said it filed
+with the Securities and Exchange Commission a registration
+statement covering a 30 mln dlr issue of convertible
+subordinated debentures due 2012, plus an additional 4.5 mln
+dlrs of the securities to cover over-allotments.
+    Proceeds will be used to repay in full the company's
+indebtedness under a revolving credit agreement, and to reduce
+other bank debt, Stanley said.
+    The company said Salomon Brothers Inc, First Albany Corp
+and Wheat, First Securities Inc would underwrite the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13177" NEWID="7656">
+<DATE>20-MAR-1987 09:34:53.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0849&#31;reute
+r f BC-ASAMERA-&lt;ASM>-TO-OFFE   03-20 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASAMERA &lt;ASM> TO OFFER THREE MLN SHARES</TITLE>
+<DATELINE>    CALGARY, March 20 - </DATELINE><BODY>Asamera Inc said it has agreed for
+Merrill Lynch and Co Inc's &lt;MER> Merrill Lynch Canada Inc
+subsidiary to offer three mln Asamera common shares at 13.625
+Canadian dlrs each, subject to all necessary U.S. and Canadian
+regulatory approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13178" NEWID="7657">
+<DATE>20-MAR-1987 09:34:58.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0850&#31;reute
+s f BC-CRI-INSURED-MORTGAGE   03-20 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRI INSURED MORTGAGE INVESTMENTS LP &lt;CRM> PAYOUT</TITLE>
+<DATELINE>    ROCKVILLE, Md., March 20 -
+    </DATELINE><BODY>Mthly div 16-1/2 cts vs 16-1/2 cts prior
+    Pay May 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13179" NEWID="7658">
+<DATE>20-MAR-1987 09:37:30.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0860&#31;reute
+u f PM-STRIKES   03-20 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIAN SCHOOL AND HOSPITAL STRIKES SPREAD</TITLE>
+<DATELINE>    LUSAKA, Zambia, March 20 - </DATELINE><BODY>A  teachers' strike has spread
+from Lusaka to the whole of Zambia, and a walkout by nurses has
+virtually paralyzed hospitals in the northern Copperbelt, the
+state-owned Zambia Daily Mail newspaper said today.
+    The teachers and nurses are demanding hefty pay raises,
+including a 50 pct increase in basic salary. But their strike
+action is unofficial, and the government has condemned the
+stoppages, warning that they could lead to violence.
+    The strikes broke out only three months after food riots in
+the Copperbelt last December, which left 15 people dead.
+    The stoppages began on Wednesday when 1,000 teachers in
+Lusaka and 200 nurses in the northern town of Kitwe decided to
+walk out in support of pay demands.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13180" NEWID="7659">
+<DATE>20-MAR-1987 09:43:00.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0871&#31;reute
+b f BC-AMERICAN-MOTORS-&lt;AMO>   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MOTORS &lt;AMO> BOARD MEETING ON TAKEOVER</TITLE>
+<DATELINE>    DETROIT, March 20 - </DATELINE><BODY>American Motors Corp's board of
+directors is meeting this morning in New York to consider
+Chrysler Corp's &lt;C> 1.5 billion dlr takeover offer, an American
+Motors spokesman said.
+    The spokesman reiterated statements made earlier in the
+week that the regularly scheduled meeting was being held.
+    The spokesman would not comment on recurring speculation
+that the board might receive a higher offer from Chrysler.
+Analysts have said the fact that American Motors' stock has
+remained above the four dlrs a share Chrysler offer could lead
+the larger company to raise its bid.
+    The American Motors spokesman said he had not seen any
+indication that a higher offer would be received from Chrysler,
+although he added, "I don't know what the conversation is in
+the meeting."
+    He repeated statements made earlier in the week by the
+automaker that today's meeting will probably not result in a
+final decision on the Chrysler bid.
+    "The board first apprised the proposal on the 11th (of
+March). I suspect there will be several more (meetings) after
+this," the spokesman said.
+    The meeting is expected to go through early afternoon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13181" NEWID="7660">
+<DATE>20-MAR-1987 09:43:24.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0874&#31;reute
+u f BC-slaughter-guesstimate   03-20 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 300,000 to 307,000 head versus
+295,000 week ago and 314,000 a year ago.
+    Saturday's hog slaughter is guesstimated at about 70,000 to
+90,000 head.
+    Cattle slaughter is guesstimated at about 122,000 to
+126,000 head versus 122,000 week ago and 124,000 a year ago.
+    Saturday's cattle slaughter is guesstimated at about 20,000
+to 30,000 head.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13182" NEWID="7661">
+<DATE>20-MAR-1987 09:43:55.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0875&#31;reute
+d f PM-YUGOSLAVIA   03-20 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGRADE UNIONS HIT PAY FREEZE, STRIKES SPREAD</TITLE>
+<DATELINE>    BELGRADE, March 20 - </DATELINE><BODY>Belgrade trade union leaders have
+joined attacks on a controversial wage freeze in Yugoslavia.
+    Miodrag Lazarevic, president of the Belgrade trade unions
+council, said last night the government would be responsible
+for the effects of the law imposing the wage freeze. The law,
+enacted February 27 and remaining in force until July 1,
+reimposed wage levels of the last quarter of 1986. Future pay
+raises were pegged to productivity. The move triggered
+resentment and widespread industrial unrest.
+    Another Belgrade trade union council leader, Predrag
+Petrovic, was quoted as saying hundreds of workers had been on
+strike in Belgrade. The government has officially reported 70
+strikes throughout the country, although Yugoslav newspapers
+have hinted at more.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13183" NEWID="7662">
+<DATE>20-MAR-1987 09:48:19.91</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>keating</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0884&#31;reute
+u f BC-KEATING-SEES-LOWER-AU   03-20 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEATING SEES LOWER AUSTRALIAN CURRENT DEFICIT</TITLE>
+<DATELINE>    SYDNEY, March 20 - </DATELINE><BODY>Australian Treasurer Paul Keating said
+he expects the country's 1986/87 current account deficit to be
+one billion dlrs lower than the 14.7 billion forecast in the
+August budget. Keating told a financiers' dinner that
+February's 750 mln dlr deficit, against January's 1.23 billion,
+was "in the groove" of the government's expectations.
+    "We will probably bring the current account this year under
+14 billion, I think, which will probably be about a billion
+dollars less than we forecast in the budget," Keating said. "I am
+sure we will see a lower current account deficit for next year
+... And a fall as proportion of GDP."
+    Australia posted a 13.82 billion dlr current account
+deficit in 1985/86 and Keating said the latest monthly figures
+showed an encouraging trend.
+    Keating said the government would maintain responsible
+economic management regardless of whether it was drawn into an
+election, because it would take time to stabilise Australia's
+80 billion dlr foreign debt.
+    "We have to build the import competing sector back," he said.
+"We are now trying to rebuild our capital structure. We are
+trying to rebuild the culture of productivity and
+manufacturing."
+    Keating said the foundation for a transition of the economy
+had been laid with the floating of the Australian dollar and
+continued with wage restraint and deregulation.
+    The Government would follow with spending cuts in its
+economic statement on May 14, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13184" NEWID="7663">
+<DATE>20-MAR-1987 09:48:58.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>poland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0887&#31;reute
+d f PM-POLAND (SCHEDULED)  03-20 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLISH UNIONS WARN AGAINST PRICE HIKES</TITLE>
+<DATELINE>    WARSAW, March 20 - </DATELINE><BODY>Sharp price hikes for food and fuel
+planned by the government could provoke an open confrontation
+with workers and endanger Poland's fragile post-Solidarity
+stability, a government trade union leader has warned.
+    Romuald Sosnowski, deputy chairman of the national trade
+union alliance OPZZ, said the unions' strong rejection of the
+increases yesterday was prompted by the hostility of lower-paid
+workers.
+    The authorities told the OPZZ on Tuesday that food prices
+would rise by an average of 13 pct but ncreases for fuels --
+including electricity and gas -- would be much higher.
+    They said wage increases would be limited to 12 pct in 1987
+and that employers who breached the ceiling would be punished
+through additional taxes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13185" NEWID="7664">
+<DATE>20-MAR-1987 09:51:33.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0894&#31;reute
+u f BC-SWANK-INC-&lt;SNK>-CAN'T   03-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWANK INC &lt;SNK> CAN'T EXPLAIN STOCK ACTION</TITLE>
+<DATELINE>    ATTLEBORO, Mass., March 20 - </DATELINE><BODY>Swank Inc said it knows of no
+corporate development to account for the volume of activity in
+its stock yesterday and can only assume institutional trading
+was the cause.
+    In New York Stock Exchange composite trading yesterday,
+Swank stock rose 7/8 to 15-3/4 on volume of 104,700 shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13186" NEWID="7665">
+<DATE>20-MAR-1987 09:52:43.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0899&#31;reute
+r f BC-GUILFORD-MILLS-&lt;GFD>   03-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUILFORD MILLS &lt;GFD> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Guilford Mills Inc is raising 75 mln
+dlrs via an offering of convertible subordinated debentures due
+2012 with a six pct coupon and par pricing, said sole manager
+Bear, Stearns and Co.
+    The debentures are convertible into the company's common
+stock at 44.25 dlrs per share, representing a premium of 25.08
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the debt is rated Ba-1 by
+Moody's and BBB-minus by Standard and Poor's. The issue was
+increased from an initial offering of 60 mln dlrs because of
+investor demand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13187" NEWID="7666">
+<DATE>20-MAR-1987 09:53:08.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0902&#31;reute
+r f BC-MARINE-MIDLAND-&lt;MM>-S   03-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARINE MIDLAND &lt;MM> SELLS CAPITAL NOTES</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Marine Midland Banks Inc is offering
+125 mln dlrs of subordinated capital notes due 1997 yielding
+8.66 pct, said lead manager First Boston Corp.
+    The notes have an 8-5/8 pct coupon and were priced at 99.80
+to yield 145 basis points more than comparable Treasury
+securities.
+    Non-callable to maturity, the issue is rated A-3 by Moody's
+and A by Standard and Poor's. Merrill Lynch and Salomon
+Brothers co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13188" NEWID="7667">
+<DATE>20-MAR-1987 09:53:38.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0905&#31;reute
+d f PM-MACAO-portugal 1STLD  03-20 0145</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LISBON OFFICIAL SAYS "NO PROBLEMS" ON MACAO</TITLE>
+<DATELINE>    PEKING, March 20 - </DATELINE><BODY>A Portuguese official today said no more
+problems remained in settling the future of Macao, and China's
+Foreign Ministry said an "important announcement" would be made
+at the end of talks on the tiny territory.
+    A Chinese Foreign Ministry spokesman, indicating the two
+countries were close to agreement on the handover of Macao to
+Peking, told journalists: "The talks are still in progress. When
+they end, there will be an important announcement."
+    Portuguese Ambassador to China Octavio Valerio said there
+would be no formal talks over the weekend, but chief Portuguese
+negotiator Rui Medina said earlier he would have contacts later
+today with his Chinese counterpart Zhou Nan. Valerio said the
+next formal talks would be Monday. "It will be the last one and
+we hope there will be a communique."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13189" NEWID="7668">
+<DATE>20-MAR-1987 09:54:53.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0909&#31;reute
+f f BC-NORANDA-GETTING-41.6   03-20 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NORANDA GETTING 41.6 MLN DLRS FROM GOVERNMENT TO CUT ACID RAIN EMISSIONS 50 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13190" NEWID="7669">
+<DATE>20-MAR-1987 09:56:01.08</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0915&#31;reute
+u f BC-TREASURY'S-BAKER-SUPP   03-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SUPPORTS FED MONETARY POLICY</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Treasury Secretary James Baker said
+in a newspaper interview that he supports the current course of
+Federal Reserve Board monetary policy.
+    "The course of Fed policy is quite adequate as far as we are
+concerned," Baker said in an interview with the New York Times.
+    In the interview, Baker declined to comment about the
+recent Paris accord among the six leading industrialized
+democracies when he was asked why the U.S. agreed to stabilize
+the dollar at current levels when the trade deficit hit a
+record level last year.
+    Baker said in the newspaper interview that it was "a subject
+I prefer not to talk about."
+    He said that if he explained why the U.S. agreed to help
+maintain the dollar at current levels "I would of necessity end
+up getting into some of the private agreements that support
+such and agreement" on the dollar.
+    Baker was optimistic about Brazil, which has stopped
+interest payments on much of its outstanding debt with foreign
+commercial banks.
+    "They are, after all, paying on time all the debt service
+and principal on their official debts, having just rescheduled
+with the Paris Club," Baker said in the newspaper interview.
+    Baker said that Brazilian repreentatives had explained they
+intented to pay their commercial bank debts in full but needed
+time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13191" NEWID="7670">
+<DATE>20-MAR-1987 10:03:51.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0945&#31;reute
+r f BC-UNIVERSAL-RESOURCES-&lt;   03-20 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL RESOURCES &lt;UVR> TO VOTE ON MERGER</TITLE>
+<DATELINE>    DALLAS, Texas, March 20 - </DATELINE><BODY>Universal Resources Corp said it
+is holding a special shareholders meeting this morning to vote
+on the previously-proposed merger between it and Questar Corp
+&lt;STR>.
+    Universal, whose stock was delayed this morning on the
+American Stock Exchange, said it will release a statement later
+in the day on the vote.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13192" NEWID="7671">
+<DATE>20-MAR-1987 10:04:05.89</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0946&#31;reute
+r f BC-SONEX-RESEARCH-&lt;SONX>   03-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONEX RESEARCH &lt;SONX> CUSTOM AUTO USES MORE GAS</TITLE>
+<DATELINE>    ANNAPOLIS, Md., March 20 - </DATELINE><BODY>Sonex Research Inc said its
+modified 1986 British Ford Escort passed the European emissions
+test, but reported the engine consumed 35 pct more fuel than
+the stock engine.
+    Sonex said its engine is not equipped with a catalytic
+converter and does not use exhaust gas recirculation or an
+emission air pump. It said the company expected to realize a
+reduced fuel economy, but is working on improving fuel
+consumption.
+    The company said after it installs the new fuel system, it
+will retest the automobile.
+    In a separate announcement, the company said it received
+confirmation from the European Patent Office that Sonex
+successfully defended its BETA European Patent from a
+competitor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13193" NEWID="7672">
+<DATE>20-MAR-1987 10:04:42.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0950&#31;reute
+d f BC-LOUISIANA-PACIFIC-&lt;LP   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUISIANA PACIFIC &lt;LPX> BUYS OREGON SAWMILL</TITLE>
+<DATELINE>    PORTLAND, Ore., March 20 - </DATELINE><BODY>Louisiana Pacific Corp has
+agreed to pay 3,475,000 dlrs for the bankrupt Harris Pine
+Sawmill in Pendleton, Ore., the mill's bankruptcy trustee said.
+    Louisiana Pacific refused to indicate whether it would
+repoen the lumber mill which was closed after the sawmill owned
+by the Seventh Day Adventist Church filed a bankruptcy petition
+in Portland federal court in December.
+    The trustee said the company outbid WTD Industries Inc for
+the lumber mill, harvested logs and contracts to harvest timber
+in the national forest. It outbidhell bankruptcy trustee said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13194" NEWID="7673">
+<DATE>20-MAR-1987 10:04:52.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0951&#31;reute
+d f BC-intn'l-pagurian-has   03-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL PAGURIAN HAS FIVE MONTH PROFIT</TITLE>
+<DATELINE>    TORONTO, March 20 - </DATELINE><BODY>&lt;International Pagurian Corp Ltd> said
+it had net profit of 3.3 mln dlrs or three cts a share for the
+period August 15 to December 31, 1986, based on 55.2 mln shares
+outstanding.
+    Revenues for the full year ended December 31, 1986 were 5.5
+mln dlrs and net assets at year end were 317.5 mln dlrs.
+    The company did not disclose earnings for the 1986 period
+before August 15 or prior year results. A company spokesman
+said prior results were not comparable due to its August 15
+issue of 30 mln common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13195" NEWID="7674">
+<DATE>20-MAR-1987 10:05:02.65</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0952&#31;reute
+u f BC-S.-AFRICAN-M-3-MONEY   03-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICAN M-3 MONEY GROWTH SLOWS IN JANUARY</TITLE>
+<DATELINE>    PRETORIA, March 20 - </DATELINE><BODY>South African year-on-year broadly
+defined M-3 money supply growth slowed to 8.62 pct in January
+from 9.32 pct in December, Reserve Bank figures show.
+    M-3 fell to 77.98 billion rand in January from 79.31
+billion in December, while preliminary February figures show
+M-3 at 79.42 billion rand for a year-on-year rise of 10.63 pct.
+    M-2 showed a rise of 5.09 pct for January at 55.68 billion
+rand after 4.30 pct in December, M-1 16.72 pct at 5.12 billion
+after 12.80 pct and M-1A 22.79 pct at 14.30 billion rand after
+20.54 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13196" NEWID="7675">
+<DATE>20-MAR-1987 10:05:13.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0953&#31;reute
+d f BC-ERC-INTERNATIONAL-&lt;ER   03-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERC INTERNATIONAL &lt;ERC> GETS 17 MLN DLR CONTRACT</TITLE>
+<DATELINE>    FAIRFAX, Va., March 20 - </DATELINE><BODY>ERC International Inc said it has
+received a three-year 17 mln dlr U.S. Navyt contract to provide
+engineering, technical and administrative support sevices on
+weapons systems, subsystems and associated management, manpower
+and support systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13197" NEWID="7676">
+<DATE>20-MAR-1987 10:05:19.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0954&#31;reute
+d f BC-COMPUSCAN-INC-&lt;CSCN>   03-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUSCAN INC &lt;CSCN> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    FAIRFIELD, N.J., March 20 -
+    </DATELINE><BODY>Shr loss eight cts vs loss 20 cts
+    Net loss 469,000 vs loss 1,104,000
+    Revs 3,093,000 vs 3,056,000
+    Nine mths
+    Shr loss 19 cts vs loss 29 cts
+    Net loss 1,098,000 vs 1,646,000
+    Revs 9,562,000 vs 12.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13198" NEWID="7677">
+<DATE>20-MAR-1987 10:05:29.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0955&#31;reute
+d f BC-majestic-electronics   03-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJESTIC ELECTRONICS PLANS ISSUER BID</TITLE>
+<DATELINE>    TORONTO, March 20 - </DATELINE><BODY>&lt;Majestic Electronic Stores Inc> said
+it intends to make a normal course issuer bid to purchase up to
+five pct of its 5.2 mln outstanding common shares on the open
+market during the 12 month period commencing April 13, 1987.
+    The company said the purpose of the proposed issuer bid is
+to avoid possible dilution of share value under a proposed
+employee stock option plan.
+    Majestic expects to have its employee stock option plan in
+place during the year, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13199" NEWID="7678">
+<DATE>20-MAR-1987 10:05:33.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0956&#31;reute
+u f BC-FIRST-FEDERAL-&lt;FFBN>   03-20 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL &lt;FFBN> MERGING INTO BANKEAST &lt;BENH></TITLE>
+<DATELINE>    NASHUA, N.H., March 20 - </DATELINE><BODY>First Federal Bank FSB said it has
+entered into a letter of intent to merge into BankEast Corp for
+60 dlrs per First Federal share in BankEast common stock.
+    First Federal said, subject to certain adjustments,
+including First Federal's earnings prior to the close of the
+deal, each share of its common stock shall not be converted
+into less than 2.9 shares or more than 3.5 shares of BankEast
+common.
+    First Federal said the proposed move is also subject to
+execution of a definitive agreement, regulatory approval and
+the approval of First Federal shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13200" NEWID="7679">
+<DATE>20-MAR-1987 10:05:44.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0958&#31;reute
+d f BC-ILLINOIS-TOOL-WORKS-&lt;   03-20 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ILLINOIS TOOL WORKS &lt;ITW> SELLS TWO DIVISIONS</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Illinois Tool Works Inc said it
+completed the sale of its Drill and End Mill division, Pine
+Bluff, Arkansas and Eclipse Counterbore division, Detroit, to
+newly-formed Eclipse Industrial Pruducts Inc, based in St.
+Louis.  Terms were not disclosed.
+    All employees at both locations will be retained, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13201" NEWID="7680">
+<DATE>20-MAR-1987 10:05:52.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0959&#31;reute
+d f BC-MOST-HOME-INTENSIVE-P   03-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOST HOME INTENSIVE PREFERRED &lt;KDNYP> CONVERTED</TITLE>
+<DATELINE>    NORTH MIAMI BEACH, Fla., March 20 - </DATELINE><BODY>Home Intensive Care Inc
+&lt;KDNY> said holders of 431,093 shares of its callable
+cumulative convertible preferred of the 499,500 outstanding
+were exercised their conversion right prior to the end of the
+company's offer of 2.2 common shares for each preferred.
+    It said holders of the remaining preferred have the option
+of converting their stock for two common shares until March 5,
+1988.
+    The company said conversion of the preferred will result in
+annual dividend savings of 431,093 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13202" NEWID="7681">
+<DATE>20-MAR-1987 10:06:04.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0961&#31;reute
+s f BC-NATIONAL-PATENT-DEVEL   03-20 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL PATENT DEVELOPMENT CORP &lt;NPD> IN PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 20 -
+    </DATELINE><BODY>Qtly div 2-1/2 cts vs 2-1/2 cts prior
+    Pay May One
+    Record April One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13203" NEWID="7682">
+<DATE>20-MAR-1987 10:06:07.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0962&#31;reute
+s f BC-THOMPSON-MEDICAL-CO-I   03-20 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMPSON MEDICAL CO INC &lt;TM> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 20 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay April 15
+    Record March 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13204" NEWID="7683">
+<DATE>20-MAR-1987 10:11:22.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0973&#31;reute
+u f BC-U.S.-FARM-CREDIT-BANK   03-20 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM CREDIT BANK TO SELL BONDS</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>The Federal Farm Credit Banks Funding
+Corp said its will offer a total of 1.7 billion dlrs worth of
+bonds on March 25.
+    The package includes 540 mln dlrs of three-month bonds and
+1.17 billion dlrs of six-month bonds. The issues will be dated
+and delivered on April 1.
+     The system has 1.6 billion dlrs of bonds maturing on that
+date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13205" NEWID="7684">
+<DATE>20-MAR-1987 10:12:56.62</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0979&#31;reute
+r f BC-gulf-canada-&lt;goc>-cla   03-20 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF CANADA &lt;GOC> ASSERTS NO DAMAGE FROM SPILL</TITLE>
+<DATELINE>    Calgary, Alberta, March 20 - </DATELINE><BODY>Gulf Canada Corp said a
+discharge of material at its Amauligak drilling site in the
+Beaufort Sea caused no danger to the environment.
+    Yesterday, the federal department of energy charged Gulf
+Canada with eight counts of illegal dumping for discharging
+powdered cement and drilling mud between September 23 and 30
+last year.
+    The charges carry a maximum 50,000 dlr fine on each count.
+    Gulf said the government's charges relate to discharging
+materials without a permit, not to environmental damage
+resulting from the action.
+    Gulf said it voluntarily informed appropriate government
+officials when the material was discharged.
+    The company also said none of the material was discharged
+within 12 miles of the closest shoreline. It added that one of
+the materials cited, barite, is a naturally occurring mineral
+routinely discharged into the sea during drilling operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13206" NEWID="7685">
+<DATE>20-MAR-1987 10:17:10.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0991&#31;reute
+r f BC-bc   03-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH COLUMBIA RAISES TAXES TO CUT DEFICIT</TITLE>
+<DATELINE>    VICTORIA, British Columbia, March 20 - </DATELINE><BODY>British Columbia
+will raise income taxes and its small business corporate tax to
+reduce the provincial budget deficit while continuing social
+programs, finance minister Mel Couvelier said.
+     He said the province will reduce its budget deficit to 850
+mln Canadian dlrs in 1987-88 from the current year's 1.17
+billion dlrs.
+    Total spending is budgeted at 10.22 billion dlrs, a 4.8 pct
+rise over the current year, while revenues are expected to
+increase by 9.2 pct to 9.37 billion dlrs.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13207" NEWID="7686">
+<DATE> 20-MAR-1987 10:18:37.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1005&#31;reute
+d f BC-METALLGESELLSCHAFT-AG   03-20 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METALLGESELLSCHAFT AG &lt;METG.F></TITLE>
+<DATELINE>    FRANKFURT, March 20 - </DATELINE><BODY>Year to September 30, 1986
+    Domestic group net profit 69.9 mln marks vs 61.4 mln.
+    Parent net profit 53.6 mln vs 43.8 mln.
+    Dividend six marks vs same.
+    Parent payment to disclosed reserves 20 mln vs 15 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13209" NEWID="7687">
+<DATE>20-MAR-1987 10:18:56.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1006&#31;reute
+r f BC-PUBCO-&lt;PUBO>-DECLARES   03-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBCO &lt;PUBO> DECLARES DIVIDEND RIGHT</TITLE>
+<DATELINE>    CLEVELAND, March 20 - </DATELINE><BODY>Pubco Corp said its board declared a
+dividend distribution of one common stock purchase right on
+each outstanding share of Pubco's common stock.
+    It said each right will entitle shareholders to buy one
+share of common stock at an exercise price of three dlrs.
+    The rights will be exercisable only if a person or group
+acquires 20 pct or more of Pubco's common stock or announces a
+tender which would result in ownership by a person or group of
+20 pct or more of the common stock, the company said.
+    Pubco said it will be entitled to redeem the rights at 0.1
+cts per right at any time before a 20 pct position has been
+acquired and afterward in certain circumstances. It said the
+exercise price will be substantially reduced in the event of an
+acquisition of 25 pct or more of common stock.
+    If Pubco is acquired in a merger or other transaction, each
+right will entitle its holder to purchase, at the right's
+then-current exercise price, a number of the acquiring
+company's common shares having a market value at that time of
+twice the right's exercise price, the company said.
+    The dividend distribution will be made March 31, 1987,
+payable to shareholders of record on that date. The rights will
+expire ten years later on March 31, 1987, the company said.
+    Pubco said the rights are not being distributed in response
+to any specific effort to change control of Pubco, and the
+board is not aware of any such effort.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13208" NEWID="7688">
+<DATE>20-MAR-1987 10:20:09.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1010&#31;reute
+f f BC-CORRECTED---NORANDA-G   03-20 0018</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CORRECTED - NORANDA GETTING 83.2 MLN DLRS FROM GOVERNMENTS TO CUT ACID RAIN EMISSIONS 50 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13210" NEWID="7689">
+<DATE>20-MAR-1987 10:20:33.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1012&#31;reute
+u f BC-CHICAGO-PACIFIC-&lt;CPAC   03-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO PACIFIC &lt;CPAC> SETTLES HOOVER OVERFUNDING</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Chicago Pacific Corp said it received
+about 40 mln dlrs in cash from a surplus in the pension fund of
+Hoover Plc, its U.K. subsidiary.
+    As part of an agreement to refund the amount to the
+company, Hoover employee and pensioner benefits have been
+significantly enhanced, the company's annual report shows.
+    In addition, Chicago Pacific said the remaining 110 mln
+dlrs surplus funds will be kept in the Hoover pension fund and
+will be invested so that the proceeds will eliminate or reduce
+required future pension contributions for Hoover and its
+employees as of December 31, 1986, it said.
+    The 110 mln dlrs remaining surplus is reported as a
+"restricted long-term investment" under current purchase
+accounting requirements, according to the report.
+    The settlement assures employees that their retirement
+benefits will be adequately funded and provides for future
+funding from the income received on this investment, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13211" NEWID="7690">
+<DATE>20-MAR-1987 10:21:01.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1016&#31;reute
+r f BC-TECH-DATA-&lt;TECD>-SETS   03-20 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECH DATA &lt;TECD> SETS THREE FOR TWO SPLIT</TITLE>
+<DATELINE>    CLEARWATER, Fla., March 20 - </DATELINE><BODY>Tech Data Corp said its board
+declared a three-for-two stock split, payable April 30 to
+holders of record April 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13212" NEWID="7691">
+<DATE>20-MAR-1987 10:21:26.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1017&#31;reute
+r f BC-COMSTOCK-GROUP-&lt;CTTK>   03-20 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMSTOCK GROUP &lt;CTTK> FINANCIAL OFFICER QUITS</TITLE>
+<DATELINE>    DANBURY, Conn., March 20 - </DATELINE><BODY>Comstock Group Inc said John
+Halecky Jr resigned his posts of chief financial officer,
+executive vice president and director.
+    Frank MacInnis, vice president and director, was named as
+the new chief financial officer, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13213" NEWID="7692">
+<DATE>20-MAR-1987 10:21:54.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1022&#31;reute
+b f BC-******TREASURY'S-BAKE   03-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER REITERATES OPPOSITION TO CLOSING NON-BANK BANK LOOPHOLE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13214" NEWID="7693">
+<DATE>20-MAR-1987 10:23:53.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1030&#31;reute
+r f BC-VERTEX-&lt;VETX>-TO-BUY   03-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERTEX &lt;VETX> TO BUY COMPUTER TRANSCEIVER STAKE</TITLE>
+<DATELINE>    CLIFTON, N.J., March 20 - </DATELINE><BODY>Vertex Industries Inc and
+&lt;Computer Transceiver Systems Inc> jointly announced an
+agreement for Vertex to acquire a 60 pct interest in Computer
+after it completes a proposed reorganization.
+    Computer has been in reorganization proceedings under
+chapter 11 since September 1986.
+    The companies said the agreement would allow Computer's
+unsecured creditors and debenture holders to receive new stock
+in exchange for exsiting debt, and for shareholders to receive
+one new share of Computer's stock for each four shares
+previously held.
+   
+    The companies said the United States Bankruptcy court for
+the Southern District of New York has given preliminary
+approval for the proposal, which is subject to formal approval
+by Computer's creditors and the court.
+    Under the agreement, Vertex also said it would supply
+Computer with 250,000 dlrs of operating funds, and arrange
+renegotiation of its secured bank debt, among other things.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13215" NEWID="7694">
+<DATE>20-MAR-1987 10:24:59.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1034&#31;reute
+u f BC-RENT-A-CENTER-&lt;RENT>   03-20 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENT-A-CENTER &lt;RENT> VOTES 3 FOR 2 SPLIT</TITLE>
+<DATELINE>    WICHITA, KAN., March 20 - </DATELINE><BODY>Rent-A-Center Inc said its
+directors approved a three-for-two stock split payable April
+20, record April 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13216" NEWID="7695">
+<DATE>20-MAR-1987 10:25:12.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1035&#31;reute
+b f BC-TREASURY'S-BAKER-OPPO   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER OPPOSES CLOSING BANK LOOPHOLE</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Treasury Secretary James Baker said
+the administration still opposes Senate Banking Committee
+legislation that would close a key loophole in federal bankinng
+law.
+    The loophole has spawned a proliferation of limited service
+banks known as non-bank banks that can engage in risky
+activities barred to traditional banks.
+    Baker has been asked to support the legislation by Banking
+Chairman William Proxmire (D-Wisc).
+    Proxmire's panel approved closing the loophole in a bill
+recapitalizing the thrift insurance fund.
+    Baker said the administration supports moving a bill
+through Congress that would address only the recapitalization
+issue, for fear such "collateral provisions" as the
+loophole-closing measure would stall the bill.
+    Proxmire later told reporters he backs the committee bill
+with or without administration support.
+    "I'm going to push it through in any event," he said.
+    The administration also opposes the committee bill on
+grounds it bars new banking powers.
+    The administration is a long time backer of banking
+deregulation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13217" NEWID="7696">
+<DATE>20-MAR-1987 10:25:57.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1039&#31;reute
+u f BC-USACAFES-&lt;USF>-SETS-H   03-20 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USACAFES &lt;USF> SETS HIGHER DIVIDEND</TITLE>
+<DATELINE>     DALLAS, March 20 - </DATELINE><BODY>USACafes LP said its board declared a
+quarterly dividend of 20 cts per unit -- its first since
+converting to a limited partnership.
+    The company, as USACafes Inc, had paid a quarterly dividend
+of nine cts per share.
+    It said the restructuring as a partnership has
+substantially increased the cash available for distribution to
+unitholders, as it had predicted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13218" NEWID="7697">
+<DATE>20-MAR-1987 10:26:31.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1041&#31;reute
+r f BC-ATARI-&lt;ATC>-TO-SELL-C   03-20 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATARI &lt;ATC> TO SELL CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Atari Corp said it filed with the
+Securities and Exchange Commission a registration statement
+covering a 75 mln dlr issue of convertible subordinated
+debentures due 2012.
+    Proceeds will be used to expand the company's business
+through capital expenditures and acquisitions and for general
+corporate purposes, Atari said.
+    The company named PaineWebber Inc as lead underwriter of
+the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13219" NEWID="7698">
+<DATE>20-MAR-1987 10:27:23.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1043&#31;reute
+u f BC-cooper-canada-said-it   03-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPER CANADA SAID IT RECEIVED TAKEOVER OFFERS</TITLE>
+<DATELINE>    Toronto, March 20 - </DATELINE><BODY>&lt;Cooper Canada Ltd> said it has
+received takeover offers from "a number of companies."
+    The company also said that "discussions are continuing, but
+no definitive arrangements have been made."
+    It gave no further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13220" NEWID="7699">
+<DATE>20-MAR-1987 10:29:16.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1047&#31;reute
+d f BC-BPI-SYSTEMS-&lt;BPII>-LA   03-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BPI SYSTEMS &lt;BPII> LAUNCHES PRODUCTS</TITLE>
+<DATELINE>    AUSTIN, Texas, March 20 - </DATELINE><BODY>BPI Systems Inc said it
+introduced an enhanced version of its Entry series general
+accounting software, Version C.14,  that includes budgeting,
+more printing options and additional features.
+    The company also said it introduced an accounting software
+package, Entry one, that sells for 89 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13221" NEWID="7700">
+<DATE>20-MAR-1987 10:29:43.12</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1048&#31;reute
+u f BC-/U.S.-GRAIN-ANALYSTS   03-20 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GRAIN ANALYSTS SEE LOWER CORN, SOY PLANTING</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Grain analysts surveyed by the American
+Soybean Association, ASA, projected acreage this year at 59.1
+mln acres of soybeans and 64.7 mln acres of corn.
+    In 1986, farmers planted 61.5 mln acres of soybeans and
+76.7 mln acres of corn, according to the February 9 USDA
+supply/demand report. The USDA is to release its 1987 planting
+intentions report March 31.
+    The survey included 15 soybean estimates and 13 corn
+estimates and was released in the March 16 Soybean Update
+newsletter sent to members.
+    Estimates ranged from 56.0 mln to 63.0 mln acres of
+soybeans and 59.5 mln to 68.0 mln acres of corn.
+    An ASA spokesman said the association plans no survey of
+farmers' planting intentions this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13222" NEWID="7701">
+<DATE>20-MAR-1987 10:31:43.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1054&#31;reute
+d f BC-ACS-SYSTEMS-COMPLETES   03-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACS SYSTEMS COMPLETES INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    HERDON, Va., March 20 - </DATELINE><BODY>&lt;ACS Systems Inc> said it has
+completed an initial public offering of 1,722,655 units,
+consisting of one common share and one warrant per unit.
+    ACS said two warrants entitle a holder to purchase one
+share of common stock at 1.50 dlrs a share, exercisable 90 days
+from the effective date for a 36 month period.
+    The company said total gross proceeds from the offering
+were 1,722,655 dlrs and will be used for general corporate
+purposes.
+    ACS said the units, shares and warrants currently are
+traded over-the-counter, but the company will apply to list
+them on the NASDAQ system in the next few days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13223" NEWID="7702">
+<DATE>20-MAR-1987 10:32:50.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1062&#31;reute
+r f BC-FREEPORT-MCMORAN-OIL   03-20 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEPORT-MCMORAN OIL AND GAS &lt;FMR> PAYOUT RISES</TITLE>
+<DATELINE>    HOUSTON, March 20 -
+    </DATELINE><BODY>Mthly div 14.248 cts vs 4.912 cts prior
+    Pay April 10
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13224" NEWID="7703">
+<DATE>20-MAR-1987 10:35:10.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1073&#31;reute
+u f BC-AMAX-&lt;AMX>-FILES-TO-O   03-20 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMAX &lt;AMX> FILES TO OFFER 15.8 MLN SHARES</TITLE>
+<DATELINE>    GREENWICH, Conn., March 20 - </DATELINE><BODY>AMAX Inc said it has filed for
+an offering of 15,757,350 common shares, including 757,300 to
+be sold by Mitsui and Co Ltd &lt;MITSY>.
+    AMAX said it will offer 12,607,350 shares in the U.S.
+through underwriters led by First Boston Inc &lt;FBC>, along with
+American Express Co's &lt;AXP> Shearson Lehman Brothers Inc
+subsidiary, &lt;Goldman, Sachs and Co> and Merrill Lynch and Co
+Inc &lt;MER>.
+    Remaining shares will be sold outside the U.S. through
+underwriters led by First Boston's Credit Suisse First Boston
+Ltd affiliate, Shearson, Goldman Sachs and Merrill Lynch.
+    AMAX said it will use its proceeds to reduce revolving
+credit debt and repurchase or repay from time to time other
+debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13225" NEWID="7704">
+<DATE>20-MAR-1987 10:36:45.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1079&#31;reute
+u f BC-ILLINOIS-REGIONAL-&lt;IL   03-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ILLINOIS REGIONAL &lt;ILLR> MULLS AFFILIATION</TITLE>
+<DATELINE>    ELMHURST, ILL., March 20 - </DATELINE><BODY>Illinois Regional Bancorp said
+it is evaluating whether to affiliate with a larger bank
+holding company or continue to remain independent.
+    The 500 mln dlr-asset bank holding company said that in
+view of recent investor interest in suburban Chicago banks, it
+retained Merrill Lynch Capital markets to advise it on its
+alternatives.
+    Last year, Illinois Regional had discussions with
+Milwaukee-based Marine Corp &lt;MCRP> but no agreement was
+reached, a company spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13226" NEWID="7705">
+<DATE>20-MAR-1987 10:37:16.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1082&#31;reute
+b f BC-MORGAN-GUARANTY-SELLS   03-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN GUARANTY SELLS FIRST REPACKAGED PERPETUAL</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>Morgan Guaranty Ltd, through a special
+financing subsidiary, said it is issuing the first repackaging
+of perpetual floating rate notes, consisting of a repackaging
+of an outstanding WestPac Banking Corp security.
+    Trading in perpetual floating rate notes, about 17 billion
+dlrs of which are outstanding, has come to a virtual halt as
+prices plunged. Because the securities never mature, there is
+no way to price them properly unless there is a liquid two-way
+market for them.
+    Investors have been stuck with billions of dollars of notes
+on their books that no one else will buy.
+    Under terms of the offer, Morgan said it has set up a
+special-purpose financing company, Pacific Securities Co Ltd,
+which will issue two separate securities. The unit becomes the
+holder of 200 mln dlrs of Westpac floating rate notes.
+    Morgan officials declined to disclose the level at which
+Pacific  purchased the Westpac securities, although in late
+February, they were quoted at 85 against an issue price of par.
+    Pacific Securities will issue two instruments. The first is
+a floating rate bond due March 29, 2002. The bond pays interest
+at 50 basis points over the London Interbank Offered Rate.
+    While the initial Westpac issue offered investors only 15
+basis points over LIBOR, Morgan Guaranty said WestPac has
+agreed with Pacific Securities that it will pay investors the
+remaining 35 basis points.
+    Also, WestPac has agreed to redeem to floating rate notes
+after 15 years.
+    The other portion of the security consists of a zero-coupon
+bond, also maturing at 2002, for which the investor pays 20
+cents on the dollar. Morgan officials said that by 2002, the
+effective yield will be a 20 pct return.
+    However, Morgan officials said, holders of the zero-coupon
+bonds will not be paid in cash when the securities mature.
+    Instead, they will be paid in an equivalent amount of
+zero-coupon Westpac perpetual floating rate notes.
+    As part of the agreement, Pacific Securities has agreed to
+place proceeds of the sale of the new securities on deposit at
+WestPac and earnings from the deposit will be used to subsidise
+the payment of the additional interest to investors.
+    Also as part of the issue, there is an option for issuance
+of a 70 mln dlr tap to be offered the following year.
+    The tap will consist of 70 mln dlrs in floating rate notes
+paying and an additional equivalent amount of zero coupon bonds
+also at a deep discount of 20 cents on the dollar.
+    Fees consist of a one pct selling concession and 0.50 pct
+combined underwriting and management.
+    Westpac itself has agreed to be co-lead manager of both
+tranches and two small syndicates are being formed, Morgan
+Guaranty said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13227" NEWID="7706">
+<DATE>20-MAR-1987 10:39:51.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1094&#31;reute
+u f BC-TREASURY'S-BAKER-SAYS   03-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SAYS TAX CHEATING UNDETECTED</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Treasury Secretary James Baker told
+a Senate Appropriations subcommittee there is still lots of
+room for improvement in government programs to crack down on
+tax cheating.
+    "I think we're far from the point at which we reach
+saturation," Baker said when asked at what point additional
+efforts to catch cheating become fruitless.
+    He said Internal Revenue Service efforts would raise a
+projected 41 billion dlrs in fiscal 1988 compared to 18 billion
+dlrs in 1981.
+    "So we are increasing," Baker said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13228" NEWID="7707">
+<DATE>20-MAR-1987 10:40:06.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1097&#31;reute
+u f BC-SHELDAHL-&lt;SHEL>-VOTES   03-20 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELDAHL &lt;SHEL> VOTES THREE-FOR-TWO STOCK SPLIT</TITLE>
+<DATELINE>    NORTHFIELD, MINN., March 20 - </DATELINE><BODY>Sheldahl Inc said its
+directors approved a three-for-two stock split, payable April
+24, record April 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13229" NEWID="7708">
+<DATE>20-MAR-1987 10:43:50.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1109&#31;reute
+r f BC-HECHINGER-&lt;HECHA>-SEL   03-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HECHINGER &lt;HECHA> SELLS CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Hechinger Co is raising 125 mln dlrs
+through an offering of convertible subordinated debentures due
+2012 with a 5-1/2 pct coupon and par pricing, said sole
+underwriter Morgan Stanley and Co Inc.
+    The debentures are convertible into the company's common
+stock at 27.84 dlrs per share, representing a premium of 28 pct
+over the stock price when terms on the debt were set.
+    Non-callable for two years, the debt is rated Baa-3 by
+Moody's and BBB-plus by Standard and Poor's. The issue was
+increased from an initial offering of 100 mln dlrs. Earlier
+this week, Moody's and S and P upgraded the company's debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13230" NEWID="7709">
+<DATE>20-MAR-1987 10:44:04.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1111&#31;reute
+s f BC-RUSS-TOGS-INC-&lt;RTS>-S   03-20 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUSS TOGS INC &lt;RTS> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 20 -
+    </DATELINE><BODY>Qtly div 19 cts vs 19 cts prior
+    Pay April 15
+    Record April One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13231" NEWID="7710">
+<DATE>20-MAR-1987 10:44:12.18</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE><D>kullberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1112&#31;reute
+u f BC-BANK-OF-FINLAND-TO-TR   03-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FINLAND TO TRADE IN BANKS' CERTIFICATES</TITLE>
+<DATELINE>    HELSINKI, March 20 - </DATELINE><BODY>The Bank of Finland said it has
+started dealings in banks' certificates of deposits (CDs) with
+immediate effect and that it was prepared to issue its own
+paper to stimulate operations on the domestic money market.
+    Bank of Finland Governor Rolf Kullberg told a news
+conference the Bank will also limit credits on the call money
+market from March 30, 1987, by introducing a maximum credit
+amount and a penalty rate if banks exceed this ceiling.
+    "The recent introduction of three-month money and these new
+regulations are decreasing the role of the call money market
+and the discount rate as monetary instruments," Kullberg said.
+    Bankers welcomed the central bank measures saying these
+were needed to accelerate the domestic money market. The Bank
+of Finland had never before been allowed to issue its own CDs,
+they said.
+    "The central bank for the first time has an instrument with
+which it really can influence the price of money in this
+country," one banker said.
+    Under the new rules banks are limited to call money credits
+to a maximum of 7.5 pct of the total of their equity capital
+and cash reserves. A penalty rate of interest of 19 pct is now
+introduced if the limit is exceeded.
+    Director Sixten Korkman at the Bank of Finland's monetary
+department said he expected the bank to pursue an active policy
+on the interbank market as an issuer of own-CDs.
+    "We are free to do it, so maybe on Monday we will issue the
+first, just to see how the system functions. Overall I think we
+will issue at least a few times a week," Korkman told Reuters.
+    He said the bank was likely to aim at CDs with a
+three-month maturity at first as the market was best developed
+for paper of that maturity.
+    The Bank of Finland introduced last December three-month
+credits and deposits at rates determined by the central bank
+and the commercial banks as a shift away from the traditional
+overnight call money market.
+    Liquidity on the call credit market has fallen from around
+nine billion markka in early December to 167 mln last week,
+while three-month credits have risen to three to four billion.
+    On the interbank market there has been an increasing trade
+in banks' CDs, estimated to be some eight billion markka. In
+addition, commercial paper accounts for around five billion
+markka and Treasury Bills two billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13232" NEWID="7711">
+<DATE>20-MAR-1987 10:45:41.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1117&#31;reute
+b f BC-DENMARK-ISSUES-200-ML   03-20 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENMARK ISSUES 200 MLN ECU EUROBOND DUE 1992</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>Denmark is issuing a 200 mln ECU
+eurobond due April 23, 1992 paying 7-1/4 pct and priced at
+101-3/8 pct, lead manager Morgan Stanley International said.
+    The bond is available in denominations of 1,000, 10,000 and
+250,000 ECU and will be listed in Luxembourg.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct
+management and underwriting. Payment date is April 23.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13233" NEWID="7712">
+<DATE>20-MAR-1987 10:47:03.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D><D>tse</D><D>simex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1120&#31;reute
+r f BC-U.S.-FUTURES-LEADER-S   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FUTURES LEADER SEES TOKYO LIBERALIZING</TITLE>
+<DATELINE>    BOCA RATON, Fla, March 20 - </DATELINE><BODY>Japan will liberalize rules
+restricting their financial institutions' ability to trade
+foreign financial futures contracts within the next two years,
+Leo Melamed, director of the Chicago Mercantile Exchange's,
+CME's, executive committee, said.
+    Melamed, also the head of Dellsher Investment Co Inc, told
+a press conference yesterday at the Futures Industry
+Association convention that within the next year or two the
+Japanese government is "going to lift the curtain on their
+community of users" of futures markets.
+    Currently, government restrictions prevent Japanese
+citizens from trading futures or options contracts off-shore
+and converting the profits back into yen, according to Richard
+Heckinger, CME's vice president for international marketing.
+    In addition, Japanese are not allowed to convert yen into
+dollars for the purpose of trading futures contracts overseas,
+he said.
+    Melamed predicted the Nikkei stock average index future --
+a price-weighted index future based on 225 Tokyo Stock Exchange
+issues which is traded on the Singapore International Monetary
+Exchange and mutually offset at the CME -- would do much better
+if Japanese financial institutions were able to use it.
+    CME is waiting for approval from the Commodity Futures
+Trading Commission to begin trading the Nikkei stock index
+future in Chicago.
+    "We will not do as well with that contract until or unless
+the Japanese community, financial institutions, can utilize it
+in Chicago," Melamed said.
+    Melamed and Heckinger said they had no firm evidence that
+Tokyo would liberalize futures trading rules, but sensed from
+Japanese inquiries and visits a readiness to change.
+    Next month, the CME is to open a Tokyo office to strengthen
+the exchange's link to Japan.
+    The managing director of the office will be Takeo Arakawa,
+formerly of the Ministry of Finance and the Bank of Tokyo.
+    Melamed said he hoped Arakawa would help the CME maintain a
+competitive edge when Japan launches financial futures trading.
+    Next month the Osaka exchange is set to begin trading a
+stock index future, Heckinger said.
+    "We are not going to let them (the Japanese) do what they
+did to the American automobile industry. We want to be partners
+with them," Melamed said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13234" NEWID="7713">
+<DATE>20-MAR-1987 10:48:38.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>liffe</D><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1131&#31;reute
+r f BC-CBT-SEES-LIFFE-LINK-O   03-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SEES LIFFE LINK OPERATING BY EARLY 1988</TITLE>
+<DATELINE>    BOCA RATON, Fla, March 20 - </DATELINE><BODY>A trading link between the
+Chicago Board of Trade, CBT, and the London International
+Financial Futures Exchange, LIFFE, should be in operation by
+the beginning of next year, CBT Chairman Karsten Mahlmann said.
+    "It could be the end of this year or the beginning of next
+year that the linkage could become operational," Mahlmann told
+the Futures Industry Association.
+    The two exchanges signed a memorandum of understanding on
+February 9 calling for the eventual establishment of a mutual
+offset clearing system that would allow traders to initiate
+positions on one exchange and liquidate them on the other.
+    Mahlmann said the contracts involved in the link could
+include British gilts, Eurobonds, Japanese government bonds,
+foreign currencies and the Financial Times-Stock Exchange 100
+stock index.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13235" NEWID="7714">
+<DATE>20-MAR-1987 10:54:00.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1159&#31;reute
+d f BC-PIEDMONT-AIR-&lt;PIE>-FE   03-20 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT AIR &lt;PIE> FEBRUARY FREIGHT TRAFFIC UP</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., March 20 - </DATELINE><BODY>Piedmont Aviation Inc said
+February cargo ton miles tose 33.9 pct to 4,419,923 from
+3,299,686 a year earlier.
+    It said year-to-date cargo ton miles rose 26.5 pct to
+8,504,918 from 6,720,440 a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13236" NEWID="7715">
+<DATE>20-MAR-1987 10:54:10.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1160&#31;reute
+d f BC-CARTERET-SAVINGS&lt;CBC>   03-20 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARTERET SAVINGS&lt;CBC> COMPLETES SALE OF BRANCHES</TITLE>
+<DATELINE>    MORRISTOWN, N.J., March 20 - </DATELINE><BODY>Carteret Savings Bank said it
+has completed the previously announced sale of six Virginia
+branches to Charter Federal Savings and Loan Association
+&lt;CHFD>.
+    Carteret said it has opened a retail banking office in
+Vienna, Va., as the next step in its move to build a strong
+presence in the Washington, D.C., Baltimore, Md., area.
+    Carteret said the new bank has two offices outside
+Baltimore, which were acquired last June when Carteret merged
+with Admiral Builders Savings and Loan Association.
+    The company said it plans to open a retail banking office
+in downtown Washington this summer, plus several more offices
+in Baltimore County and others in Fairfax County, Va. Carteret
+said it may open more loan offices in Virginia and Maryland.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13237" NEWID="7716">
+<DATE>20-MAR-1987 10:56:20.08</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1168&#31;reute
+b f BC-/-FED-EXPECTED-TO-SET   03-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO SET CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>The Federal Reserve is expected to
+intervene in the government securities market to add temporary
+reserves indirectly via 1.5-2.0 billion dlrs of customer
+repurchase agreements, economists said.
+    Federal funds, which averaged 6.06 pct yesterday, opened at
+6-1/16 pct and remained there in early trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13238" NEWID="7717">
+<DATE>20-MAR-1987 10:57:22.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1171&#31;reute
+r f BC-ON-LINE-&lt;OSII>-SELLS   03-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ON-LINE &lt;OSII> SELLS CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>On-Line Software International Inc is
+raising 40 mln dlrs through an offering of convertible
+subordinated debentures due 2002 with a 6-1/4 pct coupon and
+par pricing, said lead manager Drexel Burnham Lambert Inc.
+    The debentures are convertible into the company's common
+stock at 27.61 dlrs per share, representing a premium of 25.5
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the debt is rated B-3 by
+Moody's and CCC-plus by Standard and Poor's. Donaldson Lufkin
+co-managed the deal, which was increased from an initial
+offering of 30 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13239" NEWID="7718">
+<DATE>20-MAR-1987 10:58:03.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1175&#31;reute
+f f BC-******U.S.-TREASURY'S   03-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY'S BAKER OPPOSES NEW TAX ON SECURITIES TRANSACTIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13240" NEWID="7719">
+<DATE>20-MAR-1987 11:00:34.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1182&#31;reute
+f f BC-******MEXICO   03-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MEXICO SIGNS 7.7 BILLION DLR LOAN AGREEMENT WITH COMMERCIAL BANKS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13241" NEWID="7720">
+<DATE>20-MAR-1987 11:02:23.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1191&#31;reute
+f f BC-******FDA-APPROVES-BU   03-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FDA APPROVES BURROUGHS WELLCOME'S AZT TO TREAT  CERTAIN AIDS PATIENTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13242" NEWID="7721">
+<DATE>20-MAR-1987 11:04:33.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1198&#31;reute
+b f BC-/U.S.-TREASURY'S-BAKE   03-20 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY'S BAKER OPPOSES SECURITIES TAX</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Treasury Secretary James Baker said
+he opposes a new tax on securities transactions.
+    "No," he said when asked by a reporter whether he favored
+such a tax, which has been advocated by House Speaker James
+Wright (D-Tex).
+    He added, "Not unless you want to tax a whole bunch of
+little security holders, which is not a good idea."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13243" NEWID="7722">
+<DATE>20-MAR-1987 11:04:52.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1199&#31;reute
+u f BC-MCDONALD'S-&lt;MCD>-UP-O   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONALD'S &lt;MCD> UP ON REAFFIRMED RECOMMENDATION</TITLE>
+<DATELINE>    NEW YORK, MARCH 20 - </DATELINE><BODY>The stock of McDonald's Corp rose
+sharply this morning after analyst Daniel Lee of Drexel Burnham
+Lambert Inc reiterated his recommendation of the stock, traders
+said.
+    McDonald's, an operator of fast food restaurants, rose
+1-5/8 to 77-3/8.
+    "Comparable store sales are up 5.6 pct in 1986 vs 1985,"
+Lee said, "and the stock is trading below the market multiple."
+He said "not many companies have a consistent 15 pct annual
+earnings growth rate, return on equity above 20 pct, but trade
+at less than the market multiple."
+    Analyst Lee said "the introduction of a new line of salads
+this spring, at about the time we are all trying to squeeze
+into bathing suits, should boost sales."
+    He also noted that "the average McDonald's does about 1.369
+mln dlrs in revenues a year. That compares with 1.1 mln dlrs a
+year for the average Burger King and 800,000 dlrs a year for
+the average Wendy's." Since it cost about the same to build a
+single store for any one of these chains, he said, "McDonald's
+can well justify their expansion."
+    Lee expects McDonald's to earn 4.40 dlrs a share in 1986
+and 5.15 dlrs in 1988. Last year it earned 3.72 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13244" NEWID="7723">
+<DATE>20-MAR-1987 11:05:41.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1204&#31;reute
+u f BC-ICN-PHARMACEUTICAL-IN   03-20 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICN PHARMACEUTICAL INC &lt;ICN> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 20 -
+    </DATELINE><BODY>Oper shr 14 cts vs four cts
+    Oper net 2,959,000 vs 1,103,000
+    Sales 22.5 mln vs 25.2 mln
+    Note: oper data does not include extraordinary gains of
+3,686,000 dlrs, or 17 cts per shr, in current quarter and
+975,000 dlrs, or eight cts per shr, in year ago quarter from
+sales of certain marketable securities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13245" NEWID="7724">
+<DATE>20-MAR-1987 11:06:28.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1209&#31;reute
+u f BC-NORANDA-WINS-AID-TO-P   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA WINS AID TO PARE ACID RAIN EMISSIONS</TITLE>
+<DATELINE>    OTTAWA, March 20 - </DATELINE><BODY>&lt;Noranda Inc> has agreed to cut acid
+rain emissions by 50 pct at its Quebec copper smelter by 1990
+with the federal and Quebec governments each providing 41.6 mln
+dlrs towards the cost, the federal industry department said.
+    Under an agreement, Noranda will also be required to 
+41.6 mln Canadian dlrs and cover operating costs of the
+proposed 125 mln dlr sulphuric acid plant.
+    The department said the agreement will allow Noranda to
+meet polutions standards in Quebec's new environmental
+regulations passed in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13246" NEWID="7725">
+<DATE>20-MAR-1987 11:06:46.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1211&#31;reute
+u f BC-AMERICAN-FEDERAL-COLO   03-20 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN FEDERAL COLORADO &lt;AFSL> HALVES PAYOUT</TITLE>
+<DATELINE>    DENVER, March 20 - </DATELINE><BODY>American Federal Savings and Loan
+Association of Colorado said its board cut the quarterly
+dividend to 7-1/2 cts per share from 15 cts.
+    The dividend is payable April 14 to holders of record March
+31.
+    The company said earnings will continue under pressure this
+year due to the weakness of the Colorado economy and a high
+level of nonearning assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13247" NEWID="7726">
+<DATE>20-MAR-1987 11:07:50.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1221&#31;reute
+u f BC-TEXAS-UTILITIES-CO-&lt;T   03-20 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS UTILITIES CO &lt;TXU> 12 MTHS FEB 28 NET</TITLE>
+<DATELINE>    DALLAS, March 20 -
+    </DATELINE><BODY>Shr 4.50 dlrs vs 4.30 dlrs
+    Net 637.4 mln vs 588.5 mln
+    Revs 3.95 billion vs 4.10 billion
+    Avg shrs 141.7 mln vs 136.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13248" NEWID="7727">
+<DATE>20-MAR-1987 11:08:15.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1225&#31;reute
+r f BC-HARLEY-DAVIDSON-&lt;HDI>   03-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARLEY-DAVIDSON &lt;HDI> UNIT TO SELL 10-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Holiday Rambler Corp, a unit of
+Harley-Davidson Inc, said it filed with the Securities and
+Exchange Commission a registration statement covering a 70 mln
+dlr issue of subordinated notes due 1997.
+    Proceeds will be used to repay 60 mln dlrs of debt. The
+remainder will be applied toward reducing any outstanding
+borrowings under the company's revolving credit loan agreement
+and for working capital, Holiday Rambler said.
+    The company named Dean Witter Reynolds Inc as sole
+underwriter of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13249" NEWID="7728">
+<DATE>20-MAR-1987 11:08:22.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1226&#31;reute
+r f BC-guardian-trustco-inc   03-20 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GUARDIAN TRUSTCO INC> 4TH QTR NET</TITLE>
+<DATELINE>    MONTREAL, March 20 -
+    </DATELINE><BODY>Shr 15 cts vs nine cts
+    Net 528,000 vs 374,000
+    Revs not given
+    Year
+    Shr 1.25 dlrs vs 42 cts
+    Net 2,853,000 vs 1,579,000
+    Revs 55.3 mln vs 46.8 mln
+    Note: shr after preferred dividends
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13250" NEWID="7729">
+<DATE>20-MAR-1987 11:08:28.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1227&#31;reute
+d f BC-ENVIROPACT-&lt;VIRO>-TO   03-20 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIROPACT &lt;VIRO> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    MIAMI, March 20 - </DATELINE><BODY>Enviropact Inc said it has signed a
+letter of intent to acquire Willms Trucking Co Inc for about
+12.5 mln dlrs, with completion expected in 45 days.
+    In the year ended September 30, Willms had revenues of
+about 15 mln dlrs.  It transports hazardous waste, sand and
+gravel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13251" NEWID="7730">
+<DATE>20-MAR-1987 11:08:51.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1230&#31;reute
+r f BC-VIRATECK-INC-&lt;VIRA>-1   03-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIRATECK INC &lt;VIRA> 1ST QTR FEB 28 OPER LOSS</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 20 -
+    </DATELINE><BODY>Oper shr loss 23 cts vs profit 16 cts
+    Oper loss 1,868,000 vs profit 1,293,000
+    Revs 183,000 vs 3,400,000
+    Note: Oper data does not include year ago extraordinary
+gain of 750,000 dlrs, or nine cts per shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13252" NEWID="7731">
+<DATE>20-MAR-1987 11:09:01.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f1231&#31;reute
+b f BC-/MEXICO-SIGNS-7.7-BIL   03-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO SIGNS 7.7 BILLION DLR LOAN AGREEMENT</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Mexican officials and representatives
+of about 360 creditor banks worldwide started to sign
+agreements for 7.7 billion dlrs in new loans, Citibank said as
+co-chairman of Mexico's bank advisory committee.
+    The package, which was agreed in principle with the
+committee last October 16, is built on a core loan of six
+billion dlrs, of which five billion dlrs will be lent for 12
+years with five years' grace.
+    The remaining one billion dlrs is in the form of a
+co-financing with the World Bank, which will guarantee 500 mln
+dlrs. This loan is for 15 years with nine years' grace.
+    The package also includes two contingency facilities
+totalling 1.7 billion dlrs.
+    One is a growth-contingency co-financing with the World
+Bank for 500 mln dlrs, of which half will be guaranteed by the
+World Bank.
+    The loan may be drawn to fund high-priority investment
+projects if Mexican economic growth fails to reach certain
+growth targets for the first quarter of 1987.
+    Disbursements would be for 12 years with seven years'
+grace. Bankers said they expect the loan, which is available
+until March 1988, will be drawn down.    
+    The second contingency facility, for 1.2 billion dlrs, is
+designed to support investment in the public and private
+sectors.
+    The loan may be drawn down until April 1988 but only if
+Mexico experiences a shortfall in public-sector external
+receipts and provided that Mexico first qualifies for drawings
+under a 600 mln sdr oil-contigency facility from the
+International Monetary Fund.
+    This IMF loan would be triggered if the price of oil falls
+below nine dlrs a barrel for three months.
+    Because of the level of public sector external receipts in
+the fourth quarter of 1986 and the first quarter of 1987,
+Mexico will not draw the first two tranches of the continency
+facility, totalling 451 mln dlrs, Citibank said.
+    As previously reported, bank commitments to the new money
+package will also be reduced by 250 mln dlrs, representing the
+interest payments that Mexico will save this year, thanks to
+the reduced spread on the rescheduling.
+    Under the rescheduling, Mexico is restructuring 43.7
+billion dlrs of previously rescheduled debt over 20 years with
+seven years' grace.
+    Maturities on another 8.6 billion dlrs of loans granted in
+1983 and 1984 will remain the same. The interest rate will be
+at 13/16 pct over Eurodollar deposit rates - the margin that
+applies to the entire package.
+    Rounding out the deal, the banks have agreed to prolong six
+billion dlrs of trade lines and to refinance some 10 billion
+dlrs of private-sector debt that comes under the Mexican
+government's exchange-guarantee scheme, Ficorca.
+    The size of the package thus comes to about 76 billion
+dlrs, the largest ever assembled in the international credit
+markets, Citibank said.
+    The loan is still only 99 pct subscribed and the loan books
+will be kept open for several more weeks to round up the final
+100 mln dlrs and the approximately 60 banks that have so far
+refused to join the deal.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13253" NEWID="7732">
+<DATE>20-MAR-1987 11:09:23.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1233&#31;reute
+s f BC-PARKWAY-CO-&lt;PKWY>-SET   03-20 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARKWAY CO &lt;PKWY> SETS QUARTERLY</TITLE>
+<DATELINE>    JACKSON, Miss., March 20 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior
+    Pay May 20
+    Record May Four
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13254" NEWID="7733">
+<DATE>20-MAR-1987 11:09:30.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1234&#31;reute
+u f BC-ITALY-SETS-RULES-FOR   03-20 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY SETS RULES FOR COMPANY HOLDINGS IN BANKS</TITLE>
+<DATELINE>    ROME, March 20 - </DATELINE><BODY>Companies will henceforth be able to own
+stakes in banks, but these should not constitute a "dominant"
+holding, an Italian government committee ruled.
+    The Interministerial Committee on Credit and Savings,
+headed by Treasury Minister Giovanni Goria, said its decision
+reflected the "need to safeguard the principle of separation
+between banks and non-financial concerns."
+    It did not quantify what might constitute a "dominant"
+holding.
+    The committee also set conditions for the allocation of
+credits by banks to companies or individuals holding stakes in
+them, and stipulates conditions under which the Bank of Italy
+could exercise its powers of control in the case of stakes held
+by banks in companies or other banks.
+    Under the ruling, credits given by banks or their
+subsidiaries to groups or individuals holding five pct or more
+of the bank's capital must not exceed defined limits.
+    The value of credits given cannot exceed either one-fifth
+of the combined capital and reserves of the bank itself or
+two-fifths of the value of the stake owned in the bank by the
+group or individual concerned.
+    Exceptions to these conditions include credits to concerns
+in which the bank itself has a stake and to branches of foreign
+banks. Credits made by foreign companies or banks to
+subsidiaries which have their legal base in Italy will also be
+excluded from the conditions.
+    The Bank of Italy will request banks to insert rules in
+their statutes to ensure that companies or individuals holding
+five pct or more of the bank's capital are not given privileged
+treatment with regard to credit allocation and terms.
+    With regard to bank holdings in companies, the Bank of
+Italy can exercise supervisory controls when information on a
+bank's consolidated activities show single shareholdings in a
+company or another bank of 25 pct or more, owned directly or
+indirectly.
+    Such controls can also be exercised even if the stake held
+is below 25 pct if it can be considered a controlling interest.
+    The controls will not be exercised in cases where the value
+of the bank's stake in a concern is below the lesser of two
+predefined limits.
+    These limits are set at 15 billion lire or two pct of the
+total assets of the parent company of the shareholding bank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13255" NEWID="7734">
+<DATE>20-MAR-1987 11:11:11.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1242&#31;reute
+r f BC-PARISIAN-INC-&lt;PASN>-4   03-20 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARISIAN INC &lt;PASN> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., March 20 -
+    </DATELINE><BODY>Shr 58 cts vs 57 cts
+    Net 4,313,000 vs 3,824,000
+    Sales 72.8 mln vs 61.5 mln
+    Avg shrs 7,492,000 vs 6,740,000
+    Year
+    Shr 1.33 dlrs vs 1.23 dlrs
+    Net 9,592,000 vs 8,257,000
+    Sales 226.4 mln vs 184.4 mln
+    Avg shrs 7,228,000 vs 6,740,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13256" NEWID="7735">
+<DATE>20-MAR-1987 11:11:32.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1243&#31;reute
+r f BC-SPI-PHARMACEUTICALS-I   03-20 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPI PHARMACEUTICALS INC &lt;SPIP> 1ST QTR OPER NET</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 20 - </DATELINE><BODY>Qtr ended Feb 28
+    Oper shr 31 cts vs 14 cts
+    Oper net 3,203,000 vs 1,357,000
+    Revs 13.0 mln vs 15.6 mln
+    Note: Oper data does not include year ago extraordinary
+gain of 821,000 dlrs, or eight cts per shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13257" NEWID="7736">
+<DATE>20-MAR-1987 11:13:18.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1252&#31;reute
+r f BC-guardian-trustco-sees   03-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUARDIAN TRUSTCO SEES MODEST 1987 OUTLOOK</TITLE>
+<DATELINE>    MONTREAL, March 20 - </DATELINE><BODY>&lt;Guardian Trustco Inc>, earlier
+reporting a 198 pct increase in full year earnings per share,
+said the outlook for 1987 is more modest.
+    The company said it has started a number of long-term
+growth projects which have a payback period exceeding one year.
+Guardian Trustco did not give a specific earnings forecast.
+    The company earlier reported 1986 net profit rose to
+2,853,000 dlrs or 1.25 dlrs a share, from year-earlier
+1,579,000 dlrs or 42 cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13258" NEWID="7737">
+<DATE>20-MAR-1987 11:17:12.05</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1263&#31;reute
+r f BC-cogeco   03-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COGECO BUYS FM STATION, PLANS SHARE ISSUE</TITLE>
+<DATELINE>    MONTREAL, March 20 - </DATELINE><BODY>&lt;Cogeco Inc> said it agreed to acquire
+100 pct of Quebec City radio station CJMF-FM and will issue
+subordinated voting shares of the company to cover a portion of
+the purchase price.
+    It said the purchase price and other terms of the
+transaction have not been disclosed. The transaction is subject
+to approval of the Canadian Radio-Television and
+Telecommunications Commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13259" NEWID="7738">
+<DATE>20-MAR-1987 11:17:15.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1264&#31;reute
+f f BC-NESTLE-1986-NET-1.79   03-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NESTLE 1986 NET 1.79 BILLION SWISS FRANCS VS 1.75 BILLION, DIV UNCHANGED 145 FRANCS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13260" NEWID="7739">
+<DATE>20-MAR-1987 11:18:03.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1269&#31;reute
+u f BC-TEXAS-INDUSTRIES-INC   03-20 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INDUSTRIES INC &lt;TXI> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    DALLAS, March 20 -
+    </DATELINE><BODY>Shr loss 50 cts vs profit one ct
+    Net loss 4,419,000 vs profit 276,000
+    Sales 126.8 mln vs 151.3 mln
+    Nine mths
+    Shr loss 42 cts vs profit 1.27 dlrs
+    Net loss 3,160,000 vs profit 11.2 mln
+    Sales 429.9 mln vs 477.5 mln
+    NOTE: Current year net includes tax credits of 2,164,000
+dlrs in quarter and 328,000 dlrs in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13261" NEWID="7740">
+<DATE>20-MAR-1987 11:18:50.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1273&#31;reute
+r f BC-GE-&lt;GE>-TO-RESEARCH-C   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> TO RESEARCH COAL-FIRED GAS TURBINE POWER</TITLE>
+<DATELINE>    EVENDALE, Ohio, March 20 - </DATELINE><BODY>General Electric Co said its
+researchers will investigate the potential of a gas turbine
+powered by the combustion gases of burning coal.
+    The company said the research is part of a five-year, 19.1
+mln dlr program supported by the U.S. Energy Department's
+Morgantown Energy Technology Center. The center is expected to
+put up 15 mln dlrs of the cost while GE contributes equipment
+and services valued at 2.0 mln dlrs, New York State contributes
+1.1 mln dlrs and Norfolk Southern Corp &lt;NSC> adding 1.0 mln
+dlrs.
+    Rather than using the conventional gas turbine fuels,
+distillate oil or natural gas, GE said, the program will look
+at the feasability of powering a turbine with coal/water slurry
+-- a mixture of water and finely ground coal particles from
+which most of the ash has been removed.
+    Besides using a cheaper fuel, the company said, such a
+system would also be less expensive to build than conventional
+coal plants which require a boiler in which coal heats water to
+make steam to drive a turbine or a coal gasifier which converts
+to coal into gas, which is then burned to power a turbine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13262" NEWID="7741">
+<DATE>20-MAR-1987 11:21:08.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1286&#31;reute
+r f BC-WESTCORP-&lt;WCRP>-UNIT   03-20 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTCORP &lt;WCRP> UNIT OFFERS AUTO BONDS</TITLE>
+<DATELINE>    ORANGE, Calif., March 20 - </DATELINE><BODY>Westcorp's Western Financial
+Auto Loans 2 Inc said it has commenced an offering of 125 mln
+dlrs of AAA-rated automobile receivable collateralized bonds.
+    The bonds will be due March 1, 1990 and are priced at
+99.9375 pct to yield 6.86 pct.
+    This is the third such offering the company has made and
+the second in the past four months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13263" NEWID="7742">
+<DATE>20-MAR-1987 11:21:57.17</DATE>
+<TOPICS><D>earn</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1288&#31;reute
+u f BC-TALKING-POINT/FIRST-C   03-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/FIRST CITY BANCORPORATION &lt;FBT></TITLE>
+<AUTHOR>    By Julie Vorman, Reuters</AUTHOR>
+<DATELINE>    HOUSTON, March 20 - </DATELINE><BODY>First City Bancorporation's sale of 54
+mln dlrs in oil loans to Prudential-Bache should significantly
+reduce its energy problems, but the bank's losses are still
+virtually guaranteed to continue, analysts said.
+    The package of energy loans was sold at book value, so
+First City did not to show a gain or loss, said bank spokesman
+James Day. He added it was possible First City would sell more
+of the bank's remaining 1.4 billion dlrs in oil-related loans
+to raise cash.
+    The loans had been made by First City to oil producers and
+to oilfield service and supply companies. Day said some had
+already been classified as nonperforming, or charged off as a
+loss, but he could not identify how many were included in those
+categories.
+    The loans were purchased by Prudential Bache's Energy
+Growth Fund, a limited partnership created last month with 90
+mln dlrs in funding to invest in oil and gas properties.
+    First City, the big Texas bank hit hardest by the downturn
+in oil prices, lost a record 402 mln dlrs in fiscal year 1986
+and has said it is seeking a merger partner or some other
+capital assistance. The Houston-based bank's nonperforming
+assets totaled 897.1 mln dlrs at yearend, up from 563.1 mln
+dlrs at the end of 1985
+    Analysts have said no buyer is likely to be interested in
+the troubled bank unless government assistance is available.
+    "Their problems are not just limited to energy. They have a
+substantial portfolio in real estate. This sale in and of
+itself won't make the company look better to a potential
+buyer," said Ray Archibold, a banking analyst with McCarthy,
+Crisanti and Maffei Inc.
+    "It does reduce the bank's exposure in energy loans and 54
+mln dlrs is a substantial amount," Archibold said, "but the
+deal represents only about four pct of their energy loans."
+    Of First City's total loan portfolio of 9.9 mln dlrs, about
+14 pct or 1.4 billion dlrs were made to energy producers or
+suppliers, analysts said. Its record losses have been caused by
+its past status as one of the nation's top lenders to oil and
+gas producers and suppliers during the boom days of the late
+1970s and early 1980s.
+    First City said about half of the loans sold to Prudential
+came from its Energy Finance Co., an entity formed in 1982 to
+loan money to "more venturesome" oil borrowers that promised a
+higher potential return. The other half of the loans were from
+First City's lead bank in Houston.
+    Chris Kotowski, an analyst with Oppenheimer and Co., said
+the sale of the package of energy loans was the first
+encouraging news from First City in months.
+    "It's not going to solve all of First City's problems but
+it's a good transaction for them. It may be possible for them
+to sell additional loans," Kotowski said. "Prudential can fund
+these things more cheaply than First City and there's an
+incentive to invest in troubled energy companies right now as
+values are depressed"
+    In a statement, First City chairman J.A. Elkins said the
+bank's strategy was to reduce the proportion of energy loans to
+total loans. "This move, which we believe is the first
+transaction of its kind, helps us further, and we were able to
+make it without suffering a loss."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13264" NEWID="7743">
+<DATE>20-MAR-1987 11:22:52.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1293&#31;reute
+f f BC-******sunshine-mining   03-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SUNSHINE MINING CO 4TH QTR SHR LOSS 64 CTS VS LOSS 57 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13265" NEWID="7744">
+<DATE>20-MAR-1987 11:23:32.79</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1297&#31;reute
+b f BC-CORRECTION---ROME---I   03-20 0036</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - ROME - ITALIAN JANUARY PRODUCTION
+    In story headlined ITALIAN JANUARY INDUSTRIAL OUTPUT FALLS
+3.4 PCT, in second paragraph please read,
+    ... The fall follows ...
+    (changing rise to fall)
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13266" NEWID="7745">
+<DATE>20-MAR-1987 11:23:49.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1300&#31;reute
+d f BC-STANDARD-OIL-&lt;SRD>-LE   03-20 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD OIL &lt;SRD> LEASES CRAY &lt;CYR> COMPUTER</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 20 - </DATELINE><BODY>Cray Research Inc said
+Standard Oil Production Co, a Dallas-based subsidiary of
+Standard Oil Co, will lease its CRAY X-MP/28 supercomputer with
+an SSD solid state storage device.
+    The leased system will be installed in the second quarter
+of 1987 and replace a CRAY X-MP/24 computer system in operation
+since 1984, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13267" NEWID="7746">
+<DATE>20-MAR-1987 11:23:54.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1301&#31;reute
+s f BC-GRACO-INC-&lt;GGG>-VOTES   03-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRACO INC &lt;GGG> VOTES QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 20 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts prior qtr
+    Pay 6 May
+    Record 8 April
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13268" NEWID="7747">
+<DATE>20-MAR-1987 11:26:42.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1309&#31;reute
+u f BC-AUDIO/VIDEO-&lt;AVA>-SUE   03-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDIO/VIDEO &lt;AVA> SUES OVER CYCLOPS &lt;CYL> BID</TITLE>
+<DATELINE>    DAYTON, Ohio, March 20 - </DATELINE><BODY>Audio/Video Affiliates Inc said it
+has filed suit against &lt;Dixons Group PLC>, Cyclops Corp,
+Alleghany Corp &lt;Y> and others in connection with Dixons'
+recently completed tender offer in which it raised its
+ownership of Cyclops to 56 pct.
+    The company said the suit, filed in U.S. District Court for
+the Southern District of Ohio, seeks a temporary restraining
+order and preliminary injunction requiring Dixons, for 10
+business days, to permit any Cyclops shareholder who previously
+tendered and now wishes to withdraw to do so.
+    The company said the order and injunction would also
+prohibit Dixons from exercising a "lockup" option granted it by
+Cyclops and prohibit Dixons for 10 business days from
+attempting to exercise any control over Cyclops.
+    Audio/Video said the suit also requests the court to order
+Cyclops to immediately provide to all potential bidders for
+Cyclops all information given to Dixons.
+    Audio/Video and Citicorp &lt;CCI> have been tendering for all
+Cyclops shares in a competing offer at 80.00 dlrs per share but
+said it could raise its bid to 92.50 dlrs under certain
+circumstances.  Dixons offered 90.25 dlrs in its tender.
+    In February Alleghany agreed to buy Cyclops' steel and
+nonresidential construction business for 111.6 mln dlrs in cash
+and the assumption of liabilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13269" NEWID="7748">
+<DATE>20-MAR-1987 11:29:07.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1320&#31;reute
+r f BC-DATA-GENERAL-&lt;DGN>-DE   03-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA GENERAL &lt;DGN> DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Standard and Poor's Corp said it cut
+to BBB-plus from A-minus Data General Corp's 184 mln dlrs of
+senior debt.
+    S and P cited expectations of continued profit pressure for
+this maker of minicomputer products. The rating agency noted
+that incoming orders remain lackluster and will probably
+inhibit any significant rebound in profits this year from the
+recent near breakeven levels.
+    In the longer term, S and P said an adequate generation of
+returns on capital would depend on Data General's successful
+broadening of its customer base.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13270" NEWID="7749">
+<DATE>20-MAR-1987 11:31:40.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1330&#31;reute
+r f BC-DIXOn   03-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIXONS SAYS SEC MOVING ON CYCLOPS &lt;CYL> TENDER</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>&lt;Dixons Group PLC> said the 
+Securities and Exchange Commission has authorized, but not
+commenced, the filing of an action against it concerning its
+waiver of a condition in its tender offer for Cyclops Corp.
+    Dixons has offered to buy about 80 pct of Cyclops shares.
+The SEC action deals with a waiver by Dixons of a condition in
+the tender offer which was made without an appropriate
+extension of the offer, Dixons said.
+    Dixons also said it is currently discussing the matter with
+the SEC. The SEC has a standing policy of never confirming
+or denying investigations or upcoming legal action.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13271" NEWID="7750">
+<DATE>20-MAR-1987 11:32:45.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1336&#31;reute
+r f BC-FEDDERS-&lt;FJQ>-OFFERS   03-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDDERS &lt;FJQ> OFFERS PREFERRED STOCK</TITLE>
+<DATELINE>    PEAPACK, N.J., March 20 - </DATELINE><BODY>Fedders Corp said an offering of
+1,500,000 shares of 1.75 dlr convertible exchangeable preferred
+stock is under way at 25 dlrs per share through underwriters
+led by Bear Stearns Cos Inc &lt;BSC>.
+    The preferred is convertible at any time into common stock
+at 9.50 dlrs a share and is exchangeable after two years at
+Fedders' option for seven pct convertible subordinated
+debentures due 2012.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13272" NEWID="7751">
+<DATE>20-MAR-1987 11:32:52.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1337&#31;reute
+f f BC-******REAGAN-SAYS-HE   03-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REAGAN SAYS HE WILL VETO HIGHWAY AND TRANSIT BILL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13273" NEWID="7752">
+<DATE>20-MAR-1987 11:33:00.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1338&#31;reute
+b f BC-SUNSHINE-MINING-CO-&lt;S   03-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNSHINE MINING CO &lt;SSC> 4TH QTR LOSS</TITLE>
+<DATELINE>    DALLAS, March 20 -
+    </DATELINE><BODY>Shr loss 64 cts vs loss 57 cts
+    Net loss 34.9 mln vs loss 22.1 mln
+    Revs 31.5 mln vs 60.2 mln
+    Avg shrs 60.1 mln vs 45.2 mln
+    Year
+    Shr loss 2.27 dlrs vs loss 1.66 dlrs
+    Net loss 103.2 mln vs loss 57.6 mln
+    Revs 129.8 mln vs 169.5 mln
+    Avg shrs 51.2 mln vs 38.1 mln
+    NOTE: Per share results after preferred dividend
+requirements of 3.3 mln dlrs vs 3.5 mln dlrs in quarter and
+12.9 mln dlrs vs 5.7 mln dlrs in year
+    1986 4th qtr loss includes accruals, writedowns and
+non-recurring charges aggregating 13.9 mln dlrs including costs
+anticipated in 1987 for the reopening of the Sunshine Mine and
+a writedown of the capitalized costs at the Sixteen-to-One Mine
+by 4.2 mln dlrs
+    1986 year loss includes charges totaling 100 mln dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13274" NEWID="7753">
+<DATE>20-MAR-1987 11:35:34.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1354&#31;reute
+u f BC-FDA-OKAYS-BURROUGHS-W   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDA OKAYS BURROUGHS WELLCOME AZT AS AIDS TREATMENT</TITLE>
+<DATELINE>    NEW YORK, MARCH 20 - </DATELINE><BODY>The Food and Drug Administration has
+approved Burroughs Wellcome Co's AZT as a treatment to help
+certain AIDS patients, including those with advanced-AIDS
+related complex.
+    The drug is the first approved treatment for AIDS in the
+U.S. AZT or azidothymidine will be marketed as Retrovir by the
+company, the U.S. arm of Britain's &lt;Wellcome PLC>.
+    Because of its limited supply, the FDA said the drug will
+be restricted initially to those patients with AIDS or
+AIDS-related complex with severely depressed immunity or a
+history of Pnumocystis carinii, pneumonia.
+    "Today's approval marks an important step but by no means a
+final victory against our ongoing war against AIDS," said Dr
+Robert E. Windom, assistant secretary for health at the Public
+Health Service.
+    He noted that available clinical data were sufficient for
+approving the use of Retrovir only for certain indications and
+not for all AIDS associated conditions.
+    Nevertheless, Windom said today's action means that
+significant medical relief will be available to thousands of
+those afflicted with the disease.
+    "Retrovir is not a cure but it has demonstrated ability to
+improve the short-term survival of AIDS patients with recently
+diagnosed PCP (Pneumomystis carinii pneumonia) and certain
+patients with advanced ARC (AIDS-related complex)," said
+Windom.
+    Advanced AIDS related complex is a condition that
+frequently precedes and develops within a short time into
+full-scale acquired immune deficiency syndrome.
+    As of March 16, there were 32,825 AIDS cases reported
+nationwide, with more than 16,000 deaths.
+    The Public Health Agency said advanced ARC patients have
+symptoms that include weight loss, persistent fever and
+diarrhea, and less severe infections such as oral thrush and
+herpes infections.
+    The federal agency said that AIDS patients who are expected
+to qualify for retrovir treatment are those who have serious
+opportunistic infections associated with AIDS and those with
+advanced AIDS related complex.
+    It is estimated that about two to three times as many
+Americans may suffer from advanced ARC as from AIDS.
+    Burroughs Wellcome, of Research Triangle Park, N.C., has
+scheduled a press conference for Monday in New York where it
+will discuss what patients will quality for treatment. The
+company has said that a year's treatment with the drug would
+cost 8,000 dlrs to 10,000 dlrs.
+    Burroughs has also said that it has adequate supplies of
+the drug for the most seriously ill patients, and will have
+supplies for a minimum of 30,000 patients and probably more by
+the end of the year.
+    Retrovir's approval was expected as a panel of expert
+medical advisers to the FDA recommended in January that the
+drug be licensed for sale even though there were gaps in
+understanding the drug's effectiveness.
+    The panel said the drug could prolong the lives of certain
+AIDS patients but it also caused severe side effects such as
+anemia and other blood problems.
+    Due to the extraordinary situation surrounding AIDS, a
+fatal disease reaching what some health officials say is
+epidemic proportions, Windom said the FDA has moved in near
+record time--four months--to approve the drug.
+    AZT, derived from herring sperm, was created in the 1960s
+by Jerome P. Horwitz of the Michigan Cancer Foundation as an
+anticancer agent.
+    Meanwhile in London, dealers said Wellcome shares rose to
+497p in response, up from last night's close of 457p.
+    But pharmaceutical analyst Mark Clark of Barclays de Zoete
+Wedd said the new drug's share of the market may not be as a
+high as expected since it had very severe side effects.
+    "It is not a cure and the side effects are so bad it is
+unlikely that someone could support a full year's treatment," he
+said. "There are also a whole host of other drugs likely to come
+onto the market quite soon."
+    Last week the drug was approved for marketing in the U.K.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13275" NEWID="7754">
+<DATE>20-MAR-1987 11:36:37.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1361&#31;reute
+r f BC-BELDING-HEMINWAY-&lt;BHY   03-20 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELDING HEMINWAY &lt;BHY> OFFICIAL RESIGNS</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Belding Heminway Co Inc said Bruce
+Hausman has resigned as senior vice chairman and chairman of
+the executive committee to pursue personal interests in real
+estate and other investments but will remain on the board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13276" NEWID="7755">
+<DATE>20-MAR-1987 11:37:12.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1364&#31;reute
+d f BC-SCAT-HOVERCRAFT-INC-&lt;   03-20 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCAT HOVERCRAFT INC &lt;SCAT> YEAR LOSS</TITLE>
+<DATELINE>    MIAMI, March 20 -
+    </DATELINE><BODY>Shr loss not given
+    Net loss 1,300,000
+    Sales 3,300,000
+    NOTE: Company incorporated in June 1985.
+    Fourth quarter loss 895,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13277" NEWID="7756">
+<DATE>20-MAR-1987 11:37:49.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1366&#31;reute
+r f BC-HYPONEX-&lt;HYPX>-DEBT-D   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYPONEX &lt;HYPX> DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded to CCC-plus from B-minus Hyponex Corp's 30 mln dlrs
+of subordinated debt.
+    It assigned a CCC-plus rating to Hyponex's 150 mln dlrs of
+senior subordinated debentures due 1999 that were priced
+Wednesday for offering. The implied senior debt rating is B.
+    S and P cited an increase in debt leverage to 86 pct of
+capitalization from 56 pct. While the company's operating
+record has been successful, S and P said the action also
+reflected uncertainties and risks associated with management's
+new business and investment strategies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13278" NEWID="7757">
+<DATE>20-MAR-1987 11:37:54.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1367&#31;reute
+u f BC-NESTLE-SA-&lt;NESZ.Z>-YE   03-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NESTLE SA &lt;NESZ.Z> YEAR 1986</TITLE>
+<DATELINE>    VEVEY, Switzerland, March 20 -
+    </DATELINE><BODY>Div 145 Swiss francs per share and 29 francs per
+participation certificate (unchanged)
+    Net 1.79 billion vs 1.75 billion
+    Shr 526 vs 515
+    Turnover 38.05 billion vs 42.23 billion
+    Addition to reserves 170 mln vs 95 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13279" NEWID="7758">
+<DATE>20-MAR-1987 11:38:52.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1372&#31;reute
+u f BC-/REAGAN-TO-VETO-87.5   03-20 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN TO VETO 87.5 BILLION DLR HIGHWAY BILL</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>President Reagan said he will veto
+an 87.5 billion dlr highway and transit bill, citing his
+commitment to hold to spending cuts to meet budget deficit
+reduction goals.
+    "I am adamantly opposed to the excessive spending that is in
+the bill as it emerged from a (House-Senate) conference
+committee," he said in a statement.
+    White House spokesman Marlin Fitzwater said Reagan had
+reservations on 152 so-called demonstration highway projects
+and on the amount for transit projects.
+    The bill called for transit projects totalling 17.8 billion
+dlrs, compared to 8.7 billion proposed by the administration.
+    Fitzwater said, however, that Reagan supported the right of
+states to raise the highway speed limit to 65 mph from 55 mph,
+a provision that is also in the legislation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13280" NEWID="7759">
+<DATE>20-MAR-1987 11:38:59.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1373&#31;reute
+r f BC-AUTOMATED-DATA-&lt;AUD>,   03-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUTOMATED DATA &lt;AUD>, MERRILL &lt;MER> IN AGREEMENT</TITLE>
+<DATELINE>    ROSELAND, N.J., March 20 - </DATELINE><BODY>Automatic Data Processing Inc
+said it and Merrill Lynch and Co Inc have reached agreement on
+detailed specifications in their previously-announced
+development project for a customized quote service system.
+    "If the development plans proceed as projected, Automatic
+Data Processing will start a rollout to Merrill Lynch's 600
+offices at the end of 1987 with a scheduled completion by the
+end of 1989," the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13281" NEWID="7760">
+<DATE>20-MAR-1987 11:39:43.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>comex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1376&#31;reute
+d f BC-COMEX-CONSIDERING-NEW   03-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMEX CONSIDERING NEW FUTURES CONTRACTS</TITLE>
+<DATELINE>    BOCA RATON, Fla, March 20 - </DATELINE><BODY>The Commodity Exchange Inc,
+COMEX, is researching the possibility of offering futures
+contracts on foreign currency swaps and Ginnie Mae repurchase
+agreements, a COMEX consultant said.
+    Kurt Dew, president of Risk Analysis Systems, said the idea
+was on the drawing board at the staff level and not near
+realization.
+    Dew said the contracts would be logical successors to two
+contracts already proposed by the exchange -- futures on
+interest rate swaps and on Treasury repurchase agreements, or
+repos.
+    Regulations recently proposed by federal bank regulators
+could enhance the attractiveness of futures contracts on
+currency swaps, he said.
+    Those regulations would require banks to allocate a certain
+share of its capital to currency swaps, Dew said. Futures on
+currency swaps would not require capital allocation.
+    A futures market in Government National Mortgage
+Association (Ginnie Mae) repos would help investors outside the
+circle of primary dealers get the best possible price, Dew
+said.
+    Dew emphasized that the COMEX board had not yet considered
+the contracts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13282" NEWID="7761">
+<DATE>20-MAR-1987 11:40:34.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1380&#31;reute
+s f BC-SOUTHEAST-BANKING-COR   03-20 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHEAST BANKING CORP &lt;STB> SETS QUARTERLY</TITLE>
+<DATELINE>    MAIMI, March 20 -
+    </DATELINE><BODY>Qtly div 22 cts vs 22 cts prior
+    Pay April 10
+    Record March 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13283" NEWID="7762">
+<DATE>20-MAR-1987 11:41:06.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1382&#31;reute
+d f BC-BALANCE-COMPUTER-CORP   03-20 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALANCE COMPUTER CORP 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    BALTIMORE, March 20 -
+    </DATELINE><BODY>Shr loss one ct vs profit five cts
+    Net loss 34,496 vs profit 207,165
+    Rev 102,691 vs 297,813
+    Nine months
+    Shr profit one ct vs profit five cts
+    Net profit 69,018 vs profit 230,188
+    Rev 641,823 vs 666,319
+    NOTE: The company was delisted from the NASDAQ in November
+1985. Third qtr 1986 net includes extraordinary credit of
+76,400 dlrs, or four cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13284" NEWID="7763">
+<DATE>20-MAR-1987 11:42:14.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1389&#31;reute
+u f BC-RECOMMENDATION-REITER   03-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECOMMENDATION REITERATED ON WANG LABS &lt;WANB></TITLE>
+<DATELINE>    NEW YORK, MARCH 20 - </DATELINE><BODY>Analyst Thomas McCrann of Merrill
+Lynch said he reiterated a "buy" recommendation of Wang
+Laboratories Inc, noting that a successful cost cutting
+campaign could reduce the earnings loss expected for the third
+quarter ending in March.
+    Wang was the most actively traded stock on the American
+Stock Exchange, rising 3/4 to 16-5/8.
+    McCrann said that "Wang is a little bit ahead of where they
+were expected to be in their cost reductions, and as a result,
+the odds have increased that the loss for the quarter will be
+less than had been expected."
+    McCrann said he expects Wang to report break even earnings
+per share or only a small loss per share for the third quarter.
+    He said for the year, however, the company should report a
+loss of about 50 cts a share compared with earnings of about 35
+cts a share a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13285" NEWID="7764">
+<DATE>20-MAR-1987 11:42:19.26</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1390&#31;reute
+f f BC-******FED-SAYS-IT-SET   03-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13286" NEWID="7765">
+<DATE>20-MAR-1987 11:43:08.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1395&#31;reute
+d f BC-JAPAN,-BRITAIN-DISAGR   03-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN, BRITAIN DISAGREE ON TELECOM MERGER</TITLE>
+<DATELINE>    TOKYO, March 20 - </DATELINE><BODY>Cable and Wireless Plc &lt;CAWL.L> is
+resisting attempts to merge two Japan-based telecommunications
+firms in the hope that overseas political pressure will force a
+change in those plans, a company executive said.
+    Cable and Wireless, which holds a 20 pct stake in one of
+the two Japanese firms, is opposed to plans to reduce its share
+to three pct in the merged firm, director of corporate strategy
+Jonathan Solomon told reporters.
+    That plan, put forward by a senior member of the powerful
+business organization Keidanren with the tacit backing of the
+Post and Telecommunications Ministry, has caused a storm of
+protest from abroad that Japan is seeking to exclude foreign
+firms from a meaningful position in the market.
+    Pacific Telesis Group &lt;PAC.N> of the United States also
+holds a 20 pct stake in one of the newly formed consortia,
+&lt;International Digital Communications Inc> (IDC).
+    Solomon said that both British Prime Minister Margaret
+Thatcher and U.S. Secretary of State George Schultz have
+written to the Japanese government about the planned merger.
+    A key U.S. Senate committee, Commerce Secretary Malcolm
+Baldrige and Trade Representative Clayton Yeutter have also
+expressed opposition to the merger, he said.
+    The Post and Telecomunications Ministry reiterated again
+that it sees no need for two competitors to &lt;Kokusai Denshin
+Denwa Co Ltd>, which holds a monopoly on international calls
+from Japan. The ministry has also suggested that foreign
+shareholders not hold managerial positions in the new firm.
+    In an attempt to hammer out an agreement, Solomon today met
+Fumio Watanabe, the senior Keidanren officer trying to arrange
+the merger. But the two sides remained deadlocked.
+    At stake is C and W's 400 mln dlr project to lay fibre
+optic cables between Japan and Alaska, to form part of its
+global network.
+    "C and W wants to start right away on the project, such as
+application and other procedures," said Watanabe, who is also
+chairman of &lt;Tokio Marine and Fire Insurance Inc>. The Japanese
+side is saying that the decision on such a plan should be left
+with the new firm, after the merger.
+    "These decisions (on the merger) were made in consideration
+of Japan's economic conditions and legal systems. I told him we
+are not a colony or something," said Watanabe.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13287" NEWID="7766">
+<DATE>20-MAR-1987 11:43:53.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1400&#31;reute
+s f BC-WINTHROP-INSURED-MORT   03-20 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINTHROP INSURED MORTGAGE II &lt;WMI> SETS PAYOUT</TITLE>
+<DATELINE>    BOSTON, March 20 -
+    </DATELINE><BODY>Qtly div 35 cts vs 35 cts prior
+    Pay April 15
+    Record March 31
+    NOTE: Winthrop Insured Mortgage Investors II.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13288" NEWID="7767">
+<DATE>20-MAR-1987 11:44:01.78</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1401&#31;reute
+u f BC-GERMAN-MONEY-SUPPLY-G   03-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN MONEY SUPPLY GROWTH SLOWS IN FEBRUARY</TITLE>
+<DATELINE>    FRANKFURT, March 20 - </DATELINE><BODY>West Germany's money supply growth
+slowed in February after January's sharp rise but the trend is
+still definitely upward, the Bundesbank said in a statement.
+    Growth in the traditionally broad M3 aggregate was only
+moderate in February. While cash in circulation, deposits with
+statutory withdrawal notice and sight deposits grew sharply,
+short-term time deposits fell after expanding unusually
+strongly in January.
+    In the six months to February, M3, which excludes holdings
+of German non-banks abroad, grew at a seasonally adjusted
+annual rate of 8.5 pct after 9.8 in the six months to January.
+    Compared with February 1986, M3 rose 7-1/2 pct.
+    In the six months to February, M2, which excludes time
+deposits with statutory withdrawal notice, rose at a seasonally
+adjusted annual rate of 8.8 pct and M1, which consists of cash
+and sight deposits, rose seven pct.
+    International transactions of non-banks again led to a
+significant inflow of funds, the Bundesbank said.
+    Net claims of commercial banks and the Bundesbank against
+foreigners, refecting these foreign payments, increased by 9.1
+billion marks in February, little changed from January's rise.
+    But in contrast to January, the dampening effect of the
+inflow on domestic credit demand outweighed the expansionary
+effect on money growth, the Bundesbank said.
+    Outstanding bank credits to companies and private
+individuals remained virtually unchanged in February.
+    A sharp drop in short-term company credits, which reflected
+the foreign funds inflow, was balanced by a moderate rise in
+long-term credits and a sharp rise in credits for securities.
+    At the end of February total bank credits to the private
+sector were 4-1/2 pct above the February 1986 level.
+    The effect of public authority cash movements on the money
+supply was slightly expansive, the Bundesbank said.
+    Although banks acquired large amounts of public authority
+paper, public authorities drew down book credits at commercial
+banks and the Bundesbank.
+    Capital formation strengthened in February and slowed money
+supply growth to a larger extent than in January.
+    A total of 7.7 billion marks in long-term funds was placed
+with banks after 6.6 billion the previous month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13289" NEWID="7768">
+<DATE>20-MAR-1987 11:44:05.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1402&#31;reute
+s f BC-ENTEX-ENERGY-DEVELOPM   03-20 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTEX ENERGY DEVELOPMENT LTD &lt;EED> SETS PAYOUT</TITLE>
+<DATELINE>    HOUSTON, March 20 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts prior
+    Pay May 29
+    Record March 31
+                                                    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13290" NEWID="7769">
+<DATE>20-MAR-1987 11:45:00.26</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1405&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-20 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange 1.5 billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at 6-1/16 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13291" NEWID="7770">
+<DATE>20-MAR-1987 11:45:29.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1408&#31;reute
+u f BC-DUFF/PHELPS-LOWERS-DE   03-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS LOWERS DELMARVA POWER AND LIGHT&lt;DEW></TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Duff and Phelps said it lowered its
+rating on Delmarva Power and Light Co first mortgage bonds to
+DP-3 (middle AA) from DP-2 (high AA) and on preferred stock to
+DP-4 (low AA) from DP-3, affecting approximately 646 mln dlrs
+in debt securities.
+    The rating change reflects expectations of lower fixed
+charge coverages and lower internal funding over the next
+several years, Duff and Phelps said.
+    An interim cut in electric rates in Delaware and Maryland
+to reflect a lower allowed return on equity was made in the
+second half of 1986. A final decision is expected in April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13292" NEWID="7771">
+<DATE>20-MAR-1987 11:45:37.42</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D><D>usa</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1409&#31;reute
+r f BC-EC-SAYS-U.S.-BROKE-TR   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE> EC SAYS U.S. BROKE TRADE RULES IN AKZO-DUPONT ROW</TITLE>
+<DATELINE>    BRUSSELS, March 20 - </DATELINE><BODY>The European Community Commission has
+charged the United States with breaking international trade
+rules by excluding Dutch-made fibres from the U.S. Market and
+said it would take the issue to the world trade body GATT.
+    In the latest of a series of trade disputes with
+Washington, the executive authority alleged that a section of
+the U.S. Tariff Act was incompatible with the GATT (General
+Agreement on Tariffs and Trade) because it discriminated
+against imported products in favour of domestically-produced
+goods.
+    The Commission said it would ask Geneva-based GATT to rule
+on whether the section in question, which officials said had
+proved a barrier to many EC exporters, conformed to its rules.
+    Commission officials did not rule out retaliatory measures
+if, after a GATT decision against it, Washington failed to
+bring the disputed section into line with international rules.
+    The executive's decision to go to GATT follows a complaint
+to it by the Dutch company Akzo &lt;AKZO.AS>, whose "aramid"
+synthetic fibres have been banned from the U.S. Market because
+of charges by the U.S. Firm &lt;Dupont> that the fibres violate
+the American company's patents.
+    Akzo alleged that the ban, imposed by the U.S.
+International Trade Commission (ITC), was discriminatory and
+incompatible with GATT provisions.
+    The dispute centres on the fact that section 337 of the
+U.S. Tariff Act gives the ITC jurisdiction  over imported
+products. The EC Commission charged that EC producers did not
+have the same possibilities for defending themselves before the
+ITC as they would have in a normal U.S. Court.
+    "Consequently the procedure followed...Is less favourable
+than that which takes places in normal courts of law for goods
+produced in the United States," it said in a statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13293" NEWID="7772">
+<DATE>20-MAR-1987 11:47:13.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1421&#31;reute
+f f BC-standard-chtrd-downgr   03-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S DOWNGRADES STANDARD CHARTERED PLC, AFFECTS 1.6 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13294" NEWID="7773">
+<DATE>20-MAR-1987 11:48:36.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1423&#31;reute
+f f BC-******U.S.-AGENCY-TO   03-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. AGENCY TO ALLOW U.S. AIR TO BUY 51 PCT OF PIEDMONT PENDING FINAL OKAY OF MERGER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13295" NEWID="7774">
+<DATE>20-MAR-1987 11:49:24.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1427&#31;reute
+d f BC-FINAL-TEST-INC-&lt;FNLT>   03-20 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINAL TEST INC &lt;FNLT> 4TH QTR LOSS</TITLE>
+<DATELINE>    DALLAS, March 20 -
+    </DATELINE><BODY>Shr loss six cts vs loss 88 cts
+    Net loss 128,141 vs loss 1,298,377
+    Sales 1,332,218 vs 385,146
+    Year
+    Shr profit six cts vs loss 1.47 dlrs
+    Net profit 120,571 vs loss 2,171,011
+    Sales 4,617,034 vs 2,959,141
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13296" NEWID="7775">
+<DATE>20-MAR-1987 11:49:52.71</DATE>
+<TOPICS><D>silver</D><D>copper</D><D>lead</D><D>zinc</D><D>gold</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1430&#31;reute
+d f BC-HOUSTON-METALS'-MINE   03-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSTON METALS' MINE YIELDS POSITIVE RESULTS</TITLE>
+<DATELINE>    VANCOUVER, March 20 - </DATELINE><BODY>&lt;Houston Metals Corp> said the
+the first phase of the underground rehabilitation, extensive
+drilling and bulk sampling program at its Silver Queen Mine has
+yielded positive results.
+    Houston said representative assays from the 2,750 ft and
+2,600 ft levels at the south end of the mine established ore
+deposits in the following ranges: copper, 3.7 pct to 5.08 pct,
+lead .99 pct to 1.5 pct, zinc six pct to 9.6 pct, silver 15.63
+pct to 79.92 oz per ton, gold .062 to .19 oz per ton, germanium
+93 to 103 grams per ton, gallium five to 18 grams per ton.
+    In addition, Houston Metals said the weighted average of 25
+diamond-drilled holes 375 ft below the 2,600 foot level and 800
+ft along the strike assayed gold at .237 oz per ton, silver at
+10.91 oz per ton and zinc at 8.99 pct.
+    An apparent parallel vein structure at the 2,600 ft level
+returned similar values, the company said.
+    It added that preliminary metallurgical tests from
+representative bulk ore samples indicate the commercial
+feasability of producing a zinc and a copper-lead concentrate.
+    Houston Metals said gold, silver and the base metals have
+recoveries of 90 pct to 95 pct, with 95 pct of gold recovered
+from better gold ores, while gallium, germanium and indium have
+recoveries of between 66 pct to 82 pct and are included in the
+zinc concentrate.
+    The company's 1987 program of diamond drilling, underground
+drifting and metallurgical evaluation is scheduled to start on
+April.
+    Houston Metals said it has a 60 pct interest in the Silver
+Queen mines.
+    It added that funds for the program have been provided by
+First Exploration Fund, a Canadian limited partnership
+sponsored by Merrill Lynch Canada Inc and Dominion Securities
+Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13297" NEWID="7776">
+<DATE>20-MAR-1987 11:50:09.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1432&#31;reute
+s f BC-MICHIGAN-NATIONAL-COR   03-20 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICHIGAN NATIONAL CORP &lt;MNCO> VOTES DIVIDEND</TITLE>
+<DATELINE>    FARMINGTON HILLS, MICH., March 20 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior qtr
+    Pay 15 April
+    Record 1 April
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13298" NEWID="7777">
+<DATE>20-MAR-1987 11:50:26.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1434&#31;reute
+h f AM-BRITAIN   03-20 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESSURE BUILDS ON THATCHER TO CALL ELECTION</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>British Prime Minister Margaret Thatcher
+came under fresh pressure for an early election today as
+financial indicators bolstered the government's forecasts of a
+boom in the economy following the budget earlier this week.
+    Two of the country's leading lending institutions announced
+cuts in home loans rates following Wednesday's cut in interest
+rates by the main banks by half a point to 10 per cent.
+    Analysts said today's reduction by Abbey National from
+12.75 pct to 11.25, and one by the Halifax Building Society
+from 12.25 to 11.25 in lending rates for house buyers would be
+followed by other main institutions.
+   One financial analyst commented: "I imagine the Abbey
+National is being toasted in Downing Street (the prime
+minister's residence) but not in the boardrooms of other big
+societies."
+    Coupled with income tax cuts announced by Chancellor of the
+Exchequer (Finance Minister) Nigel Lawson in his budget last
+Tuesday as well as recent opinion polls showing Thatcher's
+rightwing Conservative Party well ahead of Labour and the
+centrist Alliance, they said pressure was now building up on
+Thatcher to call a general election as early as June.
+    Yesterday there was more good news for Thatcher in the form
+of a continuing drop in the number of unemployed, with
+government minister predicting that it would fall below the
+three million mark before long.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13299" NEWID="7778">
+<DATE>20-MAR-1987 11:51:16.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1437&#31;reute
+r f BC-ELECTRONIC-MAIL&lt;EMCAC   03-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRONIC MAIL&lt;EMCAC> REFINANCES, PRESIDENT QUITS</TITLE>
+<DATELINE>    OLD GREENWHICH, Conn, March 20 - </DATELINE><BODY>Electronic Mail Corp of
+America has completed financing arrangements in the amount of
+200,000 dlrs.
+    It also announced its president, J.R.Moman, resigned last
+Friday. Joshua Graham, chairman and chief executive officer,
+will assume the role of president, the company said.
+    Electronic said the refinancing was done through a group of
+lenders, including PaineWebber Capital Inc and the E.F. Hutton
+Group Inc to fund short-term cash requirements.
+    Financing terms were not disclosed, the company said.
+    Electronic Mail said its revenues for February were 200,000
+dlrs as compared to 21,000 dlrs for the same period a year ago.
+    For the first eight months of fiscal 1987 through February
+28 revenues were 1,100,000 dlrs compared to 300,000 dlrs for
+the same period a year ago, the company said.
+    The corporation will require additional funding in the near
+future, and is currently holding discussions with a number of
+other organizations that have expressed interest in investing
+in, acquiring, or merging with the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13300" NEWID="7779">
+<DATE>20-MAR-1987 11:53:33.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1447&#31;reute
+u f BC-FRANCE'S-BUE-SIGNS-SO   03-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE'S BUE SIGNS SOVIET COOPERATION ACCORD</TITLE>
+<DATELINE>    PARIS, March 20 - </DATELINE><BODY>&lt;Banque de l'Union Europeenne> said it
+signed a cooperation agreement with the Soviet Union's central
+bank &lt;Gosbank>, and Foreign Trade Bank &lt;Vneshtorgbank>, with
+the aim of creating a joint financial holding under new Soviet
+joint venture laws.
+    Jean-Paul Dessertine, international director at BUE, said
+the function of the proposed joint financial group, would be to
+help set up, with consulting and financial services, other
+Franco-Soviet, mainly industrial, joint ventures.
+    Some protocols of intent have already been signed but no
+joint venture contracts have been finalised under the new laws.
+    Dessertine said a joint working party would on April 15
+begin consulting with companies interested in making joint
+ventures, and work to set up the joint financial holding.
+    Citing the mixed results of joint ventures set up in the
+past between western and East European countries, he said:
+    "This is a wager on the evolution of the Soviet Union, and
+on how far new reforms will be applied."
+    Other parties to the cooperation protocol are &lt;Banque
+Commerciale pour l'Europe du Nord>, a French subsidiary of
+Gosbank, and &lt;Compagnie Financiere de Credit Industriel et
+Commercial>, the parent company of BUE.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13301" NEWID="7780">
+<DATE>20-MAR-1987 11:54:29.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1454&#31;reute
+h f BC-LOTUS-&lt;LOTS>,-MCI-&lt;MC   03-20 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOTUS &lt;LOTS>, MCI &lt;MCIC> SHIP SOFTWARE PACKAGE</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 20 - </DATELINE><BODY>Lotus Development Corp and MCI
+Communications Corp said they made the first shipment of Lotus
+Express for MCI Mail, a communications-software product that
+enables personal computer users to exchange messages, send
+telexes and transfer files.
+    Lotus Express was announced last December and was shipped
+on schedule, the companies said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13302" NEWID="7781">
+<DATE>20-MAR-1987 11:54:59.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1456&#31;reute
+h f BC-COMMERCE-GROUP-&lt;CGCO>   03-20 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCE GROUP &lt;CGCO> TO START TRADE ON NASDAQ</TITLE>
+<DATELINE>    MILWAUKEE, WIS., March 20 - </DATELINE><BODY>Commerce Group Corp said its
+common stock will begin trading March 23 on NASDAQ under the
+symbol "CGCO."
+    The company is doing preliminary work necessary to the
+actual extraction of gold from the San Sebastian Gold Mine in
+El Salvador, Central America.
+    Commerce said it and San Sebastian Gold Mines Inc have
+concession rights from the government of El Salvador to mine
+and extract gold from the San Sebastian Gold Mine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13303" NEWID="7782">
+<DATE>20-MAR-1987 11:55:15.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1458&#31;reute
+s f BC-AUTOCLAVE-ENGINEERS-I   03-20 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUTOCLAVE ENGINEERS INC &lt;ACLV> QTLY DIVIDEND</TITLE>
+<DATELINE>    ERIE, Pa., March 20 - 
+    </DATELINE><BODY>Qtly div four cts vs four cts prior
+    Pay April 15
+    Record March 31
+.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13304" NEWID="7783">
+<DATE>20-MAR-1987 11:57:34.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1468&#31;reute
+r f BC-TEXACO-&lt;TX>-FORMS-A-N   03-20 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> FORMS A NEW EXPLORATION DEPARTMENT</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., March 20 - </DATELINE><BODY>Texaco Inc said it has
+formed a new Frontier Exploration Department to initiate and
+evaluate high-potential frontier opportunities for Texaco
+worldwide.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13305" NEWID="7784">
+<DATE>20-MAR-1987 11:58:51.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1472&#31;reute
+f f BC-*****WASTE-MANAGEMENT   03-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>WASTE MANAGEMENT AMENDS CHEMLAWN OFFER, RAISING IT TO 35 DLRS A SHARE FROM 33 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13306" NEWID="7785">
+<DATE>20-MAR-1987 12:02:21.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1480&#31;reute
+f f BC-******AMERICAN-MOTORS   03-20 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN MOTORS SAID DIRECTORS TOOK NO ACTION ON CHRYSLER PROPOSAL, POSTPONES ANNUAL MEETING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13307" NEWID="7786">
+<DATE>20-MAR-1987 12:03:06.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1488&#31;reute
+f f BC-******COMPUTER-SCIENC   03-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COMPUTER SCIENCES IN TALKS WITH NASA FOR ONE BILLION DLR CONTRACT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13308" NEWID="7787">
+<DATE>20-MAR-1987 12:05:02.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f1495&#31;reute
+b f BC-/MOODY'S-DOWNGRADES-S   03-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S DOWNGRADES STANDARD CHARTERED &lt;STCH></TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded 1.6 billion dlrs of debt of Standard Chartered PLC
+and its units, Standard Chartered Bank and Union Bancorp.
+    Moody's cited concerns over the asset quality of Standard
+Chartered Bank.
+    Cut were the parent's junior subordinated debt to A-3 from
+A-2 and Standard Chartered Bank's long-term deposit rating to
+Aa-3 from Aa-2. Moody's lowered Union Bancorp's senior debt and
+preferred stock to A-1 from Aa-3, subordinated debt to A-2 from
+A-1 and long-term deposits to A-1 from Aa-3. Union's commercial
+paper and short-term deposits were unchanged.
+    Also left unchanged were Standard Chartered Bank's ratings
+for short-term deposits.
+    Although Moody's cited Standard Chartered Bank's
+long-standing position in a number of regional markets and
+improved risk control procedures, it pointed out that the bank
+still lacks the stabilizing effect of a more significant
+presence in the U.K. market.
+    The rating agency reiterated that it is concerned about the
+relative levels of risk in the bank's widely dispersed asset
+portfolio.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13309" NEWID="7788">
+<DATE>20-MAR-1987 12:07:47.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1517&#31;reute
+u f BC-YUGOSLAVIA-FREEZING-P   03-20 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA FREEZING PRICES AFTER STRIKES</TITLE>
+<DATELINE>    BELGRADE, March 2O - </DATELINE><BODY>The government said it will freeze
+prices at end-December levels within five days.
+    The announcement followed a wave of strikes that swept the
+country in protest against a wages freeze.
+    The government, in a statement through the official Tanjug
+news agency, said the freeze would affect food, consumer goods,
+tools, textiles and furniture and would last 90 days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13310" NEWID="7789">
+<DATE>20-MAR-1987 12:08:20.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1521&#31;reute
+b f BC-/WASTE-MANAGEMENT&lt;WMX   03-20 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASTE MANAGEMENT&lt;WMX> HIKES CHEMLAWN &lt;CHEM> BID</TITLE>
+<DATELINE>    OAK BROOK, ILL., March 20 - </DATELINE><BODY>Waste Management Inc said it
+amended its offer to buy the outstanding shares of ChemLawn
+Corp to 35 dlrs a share.
+    On Thursday the company said it was prepared to bid 33 dlrs
+a share, up from its original 27 dlrs a share offer.
+    As a result of the price increase, made through Waste
+Management's wholly owned subsidiary, WMX Acquisition Corp, the
+offer has been extended and the withdrawal rights will not
+expire at midnight EDT April Two, unless further extended.
+    Waste Management also said it amended its offer to provide
+that the tender offer price will not be reduced by ChemLawn's
+10 cts a share dividend payable to holders of record April 1,
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13311" NEWID="7790">
+<DATE>20-MAR-1987 12:08:40.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1524&#31;reute
+d f BC-ENTEX-ENERGY-DEVELOPM   03-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTEX ENERGY DEVELOPMENT LTD &lt;EED> YEAR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 20 - 
+    </DATELINE><BODY>Unit loss 4.36 dlrs vs loss 4.27 dlrs
+    Net loss 37.4 mln vs 32.9 mln
+    Revs 19.3 mln vs 30.3 mln
+    Avg units 8,413,000 vs 7,557,000
+    Note: Net includes writedown of oil and gas properties of
+21.0 ln dlrs vs 16.5 mln dlrs and writedown of geothermal
+property of 10.4 mln dlrs vs 10.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13312" NEWID="7791">
+<DATE>20-MAR-1987 12:09:06.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1526&#31;reute
+u f BC-U.S.-SAYS-USAIR-&lt;U>-M   03-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAYS USAIR &lt;U> MAY BUY 51 PCT OF PIEDMONT</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The Department of Transportation
+said it will allow USAIR Group to acquire up to 51 pct of
+Piedmont Aviation &lt;PIE> voting stocks pending final approval of
+the proposed merger of the two airlines.
+    The agency said the stock would have to be held in a voting
+trust controlled by an independent trustee.
+    An agency spokesman said that if USAIR, which has proposed
+to buy all of Piedmont shares, controls more than 51 pct of the
+firm's outstanding stock, it will have one week to sell those
+excess shares.
+    USAIR asked the Department of Transporation earlier this
+month to approve a voting trust.
+    An agency spokesman said this is a device that airlines use
+to get majority control of a company it is trying to acquire
+while their application before the government is pending
+approval.
+    The spokesman said the firm had asked the transporation
+agency permission to buy all of Piedmont's voting stock, the
+but agency decided to give approval for 51 pct of shares.
+    The spokesman said agency action on the proposed merger
+application could take as long as six months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13313" NEWID="7792">
+<DATE>20-MAR-1987 12:09:19.00</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1527&#31;reute
+b f BC-/USDA-NOT-PLANNING-AN   03-20 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA NOT PLANNING ANY MAJOR PRICING CHANGES</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The Agriculture Department is not
+considering any major changes in its pricing system for posted
+county prices, an Agriculture Department offical said.
+    "We do not have current plans to make any major adjustments
+or changes in our pricing," said Bob Sindt, USDA assistant
+deputy administrator for commodity operations.
+    U.S. grain traders and merchandisers said earlier this week
+USDA might act soon to reduce the cash corn price premium at
+the Gulf versus interior price levels by dropping ASCS posted
+prices to encourage interior PIK and roll movement.
+    But Sindt denied USDA is planning any such changes.
+    "If people are suggesting that we are going to make
+wholesale changes in pricing, we are not considering this," he
+said.
+    Sindt, however, did not rule out the possiblity of
+implementing more minor changes in its pricing system.
+    "We are continually monitoring the whole nationwide
+structure to maintain its accuracy," he said. "If we become
+convinced that we need to make a change, then appropriate
+adjustments will be made."
+    Sindt acknowledged that concern has been voiced that USDA's
+price differentials between the New Orleans Gulf and interior
+markets are not accurate because of higher than normal barge
+freight rates.
+    He said commodity operations deputy administrator Ralph
+Klopfenstein is currently in the midwest on a speaking tour and
+will meet with ASCS oficials in Kansas City next week.
+    Sindt said a number of issues will be discussed at that
+meeting, including the current concern over the gulf corn
+premiums.
+    He defended the USDA differentials, saying that these price
+margins reflect an average of prices throughout the year and
+that seasonal factors will normally cause prices to increase or
+decrease.
+    The USDA official also said that only those counties that
+use the Gulf to price grain are being currently affected by the
+high barge freight tariffs and increased gulf prices.
+    When asked if the USDA emergency storage program which
+allows grain to be stored in barges was taking up barge space
+and accounting for the higher freight rates, Sindt discounted
+the idea.
+    He said USDA has grain left in only about 250 barges and
+that, under provisions of the program, these all have to be
+emptied by the end of March.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13314" NEWID="7793">
+<DATE>20-MAR-1987 12:09:27.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1528&#31;reute
+u f BC-DUFF/PHELPS-LOWERS-AT   03-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS LOWERS ATLANTIC CITY ELECTRIC &lt;ATE></TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Duff and Phelps said it lowered the
+ratings on Atlantic City Electric Co first mortgage bonds,
+collateralized pollution control revenue bonds and debentures
+to DP-5 (high A) from DP-4 (low AA) and preferred stock to DP-6
+(middle A) from DP-5, affecting about 500 mln dlrs in debt.
+    The rating change is a result of a New Jersey Board of
+Public Utilities' decision that lowered overall net rates by
+15.9 mln dlrs, D and P said. The board disallowed about 22.4
+mln dlrs of the utility's 239.8 mln dlrs investment in the Hope
+Creek nuclear plant which will have to be written off by 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13315" NEWID="7794">
+<DATE>20-MAR-1987 12:10:57.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>chad</D><D>libya</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1538&#31;reute
+u f AM-CHAD-CLASH ***URGENT  03-20 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAD SAYS IT KILLED 384 LIBYANS IN BATTLE</TITLE>
+<DATELINE>    PARIS, March 20 - </DATELINE><BODY>Chadian troops killed 384 Libyans and
+captured 48 in fighting near the key Libyan air base of Ouadi
+Doum in northern Chad, a Chadian government statement said.
+    The statement issued by Chad's Paris embassy said
+government troops had "completely annihilated" a Libyan column
+yesterday some 45 km (28 miles) from the Libyan base.
+    It was the highest number of Libyan casualties reported
+since January 2, when Chadian troops overran an important
+garrison at the oasis of Fada with the loss of more than 700
+Libyan troops.
+    Ouadi Doumi, central northern Chad, is the site of Libya's
+main airfield in the country and several clashes have been
+reported over the past week in the surrounding desert between
+troops loyal to President Hissene Habre and Libyan forces.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13316" NEWID="7795">
+<DATE>20-MAR-1987 12:11:47.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1545&#31;reute
+f f BC-******AFFILIATED-PUBL   03-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AFFILIATED PUBLICATIONS TO BUY BILLBOARD PUBLICATIONS  FOR 100 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13317" NEWID="7796">
+<DATE>20-MAR-1987 12:12:54.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1550&#31;reute
+b f BC-/AMC-&lt;AMO>-TAKES-NO-A   03-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMC &lt;AMO> TAKES NO ACTION ON CHRYSLER &lt;C> BID</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>American Motors Corp said its directors
+reviewed a Chrysler Corp merger proposal but took no action on
+it.
+    The company said its directors met in New York today at a
+regularly scheduled meeting. The board's review is continuing
+with the company's independent legal and financial advisers,
+American Motors said in a statement issued from New York.
+    American Motors' board voted to postpone its annual
+shareholders meeting scheduled for April 29 in Southfield,
+Michigan.
+    The next regularly scheduled meeting of American Motors
+board will be April 29, although it is expected that directors
+will meet again prior to that date, according to the statement.
+    Early last week, Chrysler said it agreed to buy the 46.1
+pct interest owned by Regie Nationale des Usines Renault in
+American Motors and acquire the balance of American Motors in a
+transaction valued at 1.11 billion dlrs.
+    Later that week, AMC said it had retained financial and
+legal advisers and expected to meet periodiocally over the next
+several weeks to consider the proposal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13318" NEWID="7797">
+<DATE>20-MAR-1987 12:14:04.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1558&#31;reute
+d f BC-NESTLE-SEEKING-AUTHOR   03-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NESTLE SEEKING AUTHORISATION FOR CERTIFICATE ISSUE</TITLE>
+<DATELINE>    VEVEY, Switzerland, March 20 - </DATELINE><BODY>Nestle SA &lt;NESZ.Z> said it
+would seek shareholder approval to issue participation
+certificates up to 20 pct of share capital, instead of the
+current limit of 10 pct.
+    It said it wanted this authorisation in view of future
+certificate issues. Nestle's nominal capital amounts to 330 mln
+Swiss francs.
+    Nestle reported net profits of 1.79 billion francs for
+1986, up 2.2 pct from 1985, while turnover fell 9.9 pct to
+38.05 billion as the Swiss franc strengthened against other
+currencies.
+    The parent company's net profit rose to 666.6 mln francs
+from 592.9 mln in 1985, and the company planned an unchanged
+dividend of 145 francs per share and 29 francs per certificate
+after placing 170 mln francs in reserves, against 95 mln last
+year.
+    The payout represented 27.6 pct of group net profit,
+against 28.2 pct last year.
+    Nestle said it had also invited Fritz Leutwiler, former
+president of the Swiss National Bank and currently chairman of
+BBC AG Brown Boveri und Cie &lt;BBCZ.Z>, to join the Nestle board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13319" NEWID="7798">
+<DATE>20-MAR-1987 12:14:54.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1563&#31;reute
+u f BC-CORRECTION---TALKING   03-20 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - TALKING POINT/FIRST CITY 
+    In fourth take of Houston Talking Point on FIRST CITY
+BANCORPORATION &lt;FBT>, please read loan portfolio amount as 9.9
+billion dlrs.
+(Corrects figure)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13320" NEWID="7799">
+<DATE>20-MAR-1987 12:16:22.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1573&#31;reute
+r f BC-THERMO-ELECTRON-&lt;TMO>   03-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERMO ELECTRON &lt;TMO> TO SELL CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Thermo Electron Corp said it filed
+with the Securities and Exchange Commission a registration
+statement covering a 75 mln dlr issue of convertible
+subordinated debentures due 2012.
+    Proceeds will be used principally for acquisitions of
+companies that complement or expand Thermo's existing line of
+business and for general corporate purposes, it said.
+    The company said the offering will be sold through Shearson
+Lehman Brothers Inc, Drexel Burnham Lambert Inc and Tucker,
+Anthony and R.L. Day Inc. They have an over-allotment option to
+purchase an additional 11.25 mln dlrs of the debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13321" NEWID="7800">
+<DATE>20-MAR-1987 12:19:07.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1580&#31;reute
+h f BC-ASTROCOM-&lt;ACOM>-ADDS   03-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASTROCOM &lt;ACOM> ADDS NEW NETWORKING PRODUCTS</TITLE>
+<DATELINE>    ST. PAUL, March 20 - </DATELINE><BODY>Astrocom Corp said it added two new
+products aimed at improving on-premise data network efficiency.
+    Its ATDM/MS six-port time-division multiplexor is designed
+to combine and send data from up to 18 remove terminals on a
+single transmission link to the controller in the central
+network.
+    The other product, the Squeeziplexor 3074 coaxial
+multiplexor, is a low-profile version of the company's
+Squeeziplexor system that allows one coaxial cable to replace
+up to 32 individual cables connecting terminals and printers to
+the central controller.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13322" NEWID="7801">
+<DATE>20-MAR-1987 12:20:44.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1584&#31;reute
+u f BC-COMPUTER-SCIENCES-&lt;CS   03-20 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER SCIENCES &lt;CSC> WINS LARGE NASA CONTRACT</TITLE>
+<DATELINE>    EL SEGUNDO, Calif., March 20 - </DATELINE><BODY>Computer Sciences Corp said
+it won a contract with the National Aeronautics and Space
+Administration (NASA) that could be worth one billion dlrs if
+NASA exercises all its options.
+    The contract is for systems engineering and analysis
+services for the Mission Operations and Data Systems
+Directorate at Goddard Space Flight center in Greenbelt,
+Maryland.
+    Expected to be efective November 15, the contract will
+consist of a 34-1/2 month base performance period, a two-year
+priced option and five unpriced annual renewal options.
+    The value of the basic and priced-option periods is about
+310 mln dlrs. The company estimates the total value of the
+award at about one billin dlrs over the full ten-year period.
+    The contract will consolidate work currently performed by
+Computer Sciences under three separate contract that total
+about 40 mln dlrs in annual revenues. The company also expects
+a revenue increase of about 25 mln dlrs annually for additional
+work to be performed under the contract.
+    Computer Sciences said about 25 pct of the contract value
+will go to subcontractors, the largest of which is Ford Motor
+Co's &lt;F> Ford Aerospace and Communications Corp.
+    Computer Sciences' Systems Sciences division in Silver
+Spring, Maryland, will perform the work at its facilities at
+Beltsville and Greenbelt, Maryland.
+    The contract is the largest in the company's history.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13323" NEWID="7802">
+<DATE>20-MAR-1987 12:21:07.48</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>france</D><D>west-germany</D><D>spain</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G M T
+&#22;&#22;&#1;f1586&#31;reute
+d f BC-GATT-TO-DEBATE-U.S.-C   03-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT TO DEBATE U.S. CHARGES OF AIRBUS SUBSIDIES</TITLE>
+<DATELINE>    GENEVA, March 20 - </DATELINE><BODY>The U.S. Will pursue its complaint that
+European governments unfairly subsidise the Airbus Industrie
+aircraft consortium in proceedings at the GATT civil aircraft
+committee, a GATT spokesman said today.
+    The U.S. Presented its case for the first time to the
+aircraft committee of the General Agreement on Tariffs and
+Trade (GATT) during a special two-day session ending today.
+GATT rules cover some 80 pct of world commerce.
+    The 20-member committee agreed to open debate on the U.S.
+Complaint, starting with informal consultations and then
+holding a special session in July, trade officials said.
+    "The tension has eased," the permanent trade ambassador of
+the 12-member European Community Tran Van Thinh told reporters.
+"The U.S. Has decided to go through proper channels."
+    U.S. Trade officials again made clear their anger over what
+they call unfair government support for Airbus, voiced during a
+visit to European capitals in February.
+    In a letter calling for the special committee meeting,
+Washington charged France, West Germany, the U.K., Spain and
+the EC Commission with unfair practices on behalf of Airbus.
+    The U.S. Charges that the Europeans are violating rules
+laid down in the 1979 Agreement on Trade in Civil Aircraft.
+    Washington presented its reading of rules on inducement to
+purchase aircraft and support for development of airlines
+during the special session and asked the committee to confirm
+its view.
+    Official sources in the delegations said the U.S. Views
+would be considered during the informal consultations but the
+Europeans would also be free to bring up any complaints against
+American civil aircraft practices.
+    Some delegates said the U.S. Position appeared to give such
+broad interpretation to the rules as to suggest that the civil
+aircraft accord needed re-negotiating. All these matters would
+be considered during the informal meetings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13324" NEWID="7803">
+<DATE>20-MAR-1987 12:24:42.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1603&#31;reute
+r f BC-UK-OFFICIAL-SEES-TRAN   03-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK OFFICIAL SEES TRANSATLANTIC AIR TRAFFIC RISE</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>U.K. Minister for Aviation Michael
+Spicer said transatlantic traffic should increase at least five
+pct this year, after dropping nearly six pct last year.
+    "We expect at least a five pct increase and it may exceed
+that, reaching at least the peak levels of 1985," Spicer said
+at a press conference.
+    The figures refer to air traffic between North America and
+Europe.
+    Spicer also said transport ministers of the European
+Community meeting next week are expected to agree on
+liberalizing air traffic regulations in Europe.
+    Spicer said fears of terrorism dissuaded Americans from
+traveling to Europe last year, resulting in pent up demand that
+will be released this year.
+    He said the ministers, scheduled to meet in Brussels Monday
+and Tuesday, should agree on allowing more than one airline to
+fly particular routes between European cities, removing some
+fare restrictions and easing capacity restrictions.
+    Spicer also said he has asked U.S. officials to consider
+allowing investment in U.S. carriers, particularly in smaller
+commuter airlines, by foreign companies. He also wants U.S.
+officials to allow British carriers to fly more freely between
+U.S. destinations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13325" NEWID="7804">
+<DATE>20-MAR-1987 12:27:20.28</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1614&#31;reute
+d f BC-LEADING-ECONOMISTS-CA   03-20 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEADING ECONOMISTS CALL FOR MORE GROWTH ABROAD</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>A panel of four leading economists
+told a congressional hearing today that foreign economies will
+need to expand to avoid recession as the U.S. trade deficit
+declines.
+    C. Fred Bergsten, a former senior Treasury Department
+official, and Robert Solomon of the Brookings Institution told
+the Senate Foreign Relations Committee, the major exporting
+countries risk recession if they do not expand because U.S.
+demand for imports is expected to fall.
+    "They need to beef up domestic demand as their trade
+surplus falls," or unemployment will keep growing, Bergsten
+said.
+    Bergsten predicted the U.S. trade deficit, which hit 169
+billion dlrs last year, will fall 30-40 billion dlrs a year for
+the next two years as a result of the dollar's 35-40 pct
+decline since September 1985.
+    The government should intervene to push the dollar down
+further if the previous declines do not lead to an improvement
+in the trade picture, if the U.S. budget deficit is not reduced
+and if foreign expansion does not occur, he added.
+    Solomon said the dollar must fall further to compensate for
+the huge interest payments required on U.S. foreign debt. The
+Paris agreement between the major industrialized countries
+provided only for a pause in its decline, he said.
+    Rimmer de Vries, senior vice president of Morgan Guaranty
+Trust Co., said the U.S. trade deficit problem is a problem of
+lagging growth in industrial economies, prolonged currency
+misalignment, debt problems of the developing countries, and
+unbalanced growth in the Asian industrializing countries.
+    John Makin of the American Enterprise Institute, suggested
+foreign tax cuts to increase demand and pick up the slack from
+the U.S. trade deficit fall.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13326" NEWID="7805">
+<DATE>20-MAR-1987 12:30:18.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1625&#31;reute
+b f BC-******MONFORT-OF-COLO   03-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MONFORT OF COLORADO INC 2ND QTR SHR 1.03 DLRS VS 1.34 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13327" NEWID="7806">
+<DATE>20-MAR-1987 12:31:31.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1629&#31;reute
+b f BC-U.S.-HOUSE-BUDGET-WRI   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE BUDGET WRITING PROCESS COLLAPSES</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Rep William Gray (D-Pa), Chairman of
+the House Budget Committee, abruptly canceled the committee's
+budget writing process when Republican members said they would
+continue a vote strike begun yesterday.
+    "I'm not going to continue a markup in which my Republican
+colleagues won't participate," Gray told reporters.
+    He said he asked Republicans to tell him by Monday whether
+they would vote in future open sessions.
+    If they choose not to, he threatened to again draft a
+budget behind closed doors with only Democrats present, as had
+been done the previous two years.
+    "If they do not want to participate in an open process ...
+then I will make a decision as to how the Democrats will
+proceed," Gray said.
+    "If there is not possibility of Republican participation, I
+will go back to what we've done in the past," he said.
+    Republicans yesterday had voted "present" in a series of
+committee votes on fiscal 1988 defense spending.
+    The Republicans had said they were protesting the
+Democrats' failure to present alternatives to President
+Reagan's budget.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13328" NEWID="7807">
+<DATE>20-MAR-1987 12:31:36.36</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f1630&#31;reute
+f f BC-CANADIAN-MONEY-SUPPLY   03-20 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADIAN MONEY SUPPLY M-1 FALLS 1.16 BILLION DLRS IN WEEK, BANK OF CANADA SAID               
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13329" NEWID="7808">
+<DATE>20-MAR-1987 12:33:12.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1637&#31;reute
+u f BC-MORRISON-KNUDSEN-&lt;MRN   03-20 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON KNUDSEN &lt;MRN>GETS 200 MLN DLR CONTRACT</TITLE>
+<DATELINE>    BOISE, Idaho, March 20 - </DATELINE><BODY>Morrison Knudsen Corp said a unit
+was awarded an 11-1/2-year contract totaling about 200 mln dlrs
+for the operation of a steam coal mine near Montgomery, W.Va.
+    The company said the contract carries an option for an
+additional 10 years.
+    Of the 200 mln dlrs, the company said that only the first
+five years, or about 90 mln dlrs, were included in its first
+quarter backlog.
+    The contract was awarded by &lt;Cannelton Industries Inc>, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13330" NEWID="7809">
+<DATE>20-MAR-1987 12:34:08.21</DATE>
+<TOPICS><D>lead</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1641&#31;reute
+u f BC-NO-FORCE-MAJEURE-ON-L   03-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO FORCE MAJEURE ON LEAD FROM CAPPER PASS</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>U.K. Smelter Capper Pass denied rumours
+that the company had declared, or was about to declare, force
+majeure on lead deliveries.
+    This followed trader talk on the London Metal Exchange,
+LME, after broker bids were made at increased premiums for
+Capper Pass brand material.
+    Traders said some slight production problems seem to exist
+but are unlikely to have any impact on the market. Lead values
+on the LME today were unchanged around 299 stg per tonne for
+three months delivery after thin business in a one stg range.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13331" NEWID="7810">
+<DATE>20-MAR-1987 12:34:41.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1644&#31;reute
+b f BC-AFFILIATED-PUBLICATIO   03-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFFILIATED PUBLICATIONS &lt;AFP> TO BUY BILLBOARD</TITLE>
+<DATELINE>    BOSTON, March 20 - </DATELINE><BODY>Affiliated Publications Inc said it
+agreed to acquire all the outstanding stock of &lt;Billboard
+Publications Inc> for 100 mln dlrs in cash from a shareholder
+group led by &lt;Boston Ventures Limited Partnership.>
+    Affiliated, which owns the company that publishes the
+Boston Globe, said the acquisition will give it a strong
+position in the growing market for specialty magazines.
+    Under a separate agreement, Affiliated said that certain
+members of Billboard's management plan to buy up to 10 pct of
+the equity in Billboard following Affiliated's acquisition of
+the company.
+    Billboard publishes eight specialty magazines, including
+Billboard magazine, and 15 annual directories. It also
+publishes and distributes speciality books under four imprints
+and operates two book clubs.
+    Affiliated is the parent company of Globe Newspaper Co,
+publisher of the Boston Globe. It also has interests in
+cellular telephone and paging services providers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13332" NEWID="7811">
+<DATE>20-MAR-1987 12:38:04.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>mexico</D><D>brazil</D><D>ecuador</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1663&#31;reute
+u f BC-UNIQUE-EXPORT-FINANCI   03-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIQUE EXPORT FINANCING BEING ARRANGED FOR MEXICO</TITLE>
+<AUTHOR>    By Marguerite Nugent, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>A single purpose company, &lt;Italfunding
+Ltd>, has been created for the purpose of obtaining funds on
+the international capital markets to refinance 44.3 mln dlrs of
+Mexico's official debt to Italy at very attractive rates,
+Morgan Grenfell and Co Ltd said as lead manager and arranger.
+    The transaction will be accomplished by Italfunding
+obtaining a 44.3 mln dlr euronote facility in the market and
+then using the proceeds to provide a loan for the same amount
+to Mexico. The loan will be 100 pct guaranteed by SACE, the
+official Italian export credit agency.
+    Morgan Grenfell has used special purpose vehicles in the
+past to help refinance export credits for other indebted
+countries, such as Brazil and Ecuador.
+    The Brazil financing, for example, involved the use of a
+floating rate note. This transaction makes use of another
+sector of the capital markets -- that for short-term note
+facilities -- to finance a medium term credit.
+    The financing is being arranged in connection with a
+bilateral agreement between Mexico and SACE earlier this year
+to refinance Mexico's official debt to Italy.
+    The bilateral accord followed a multilateral rescheduling
+agreement reached last September of Mexico's official debt to
+the Paris Club of western creditor governments.
+    The Paris Club accord, in turn, was part of a broad-based
+rescheduling package covering 77 billion dlrs of Mexico's
+foreign debt.
+    That package -- heralded as the first to incorporate all
+aspects of U.S. Treasury Secretary James Baker's plan to aid
+indebted countries -- included a 7.7 billion dlr loan, which
+was signed today in New York.
+     The new financing for
+Italfunding, being syndicated among about five major
+international banks, will be a fully underwritten, revolving
+facility with an average life of seven years and the facility
+will fund the loan.
+    All Paris Club agreements contain a generally accepted
+outline for a rescheduling, but the specific terms must then be
+negotiated on a bilateral basis.
+    Banking sources noted that the use of a special-purpose
+vehicle will provide Mexico with particularly attractive
+financing at a rate of about 1/4 to 1/2 pct over the London
+Interbank Offered Rate (Libor).
+    The cost of the new financing compares with a spread of
+13/16 pct on the loans in the new commercial bank package.
+    This is because the intermediary providing the funds, in
+this case Italfunding, can obtain its funds relatively cheaply
+on the international markets. At the same time, the deal
+benefits the banks, which will still get a reasonable return on
+the note facility, which is pure Italian risk.
+    The bankers noted that if the financing had been arranged
+in Italy, the cost to Mexico and the Italian banks would have
+been higher since the Italian banks would use a different
+source of funding.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13333" NEWID="7812">
+<DATE>20-MAR-1987 12:38:13.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1664&#31;reute
+u f BC-D-AND-P-LIFTS-GENERAL   03-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>D AND P LIFTS GENERAL PUBLIC UTILITIES&lt;GPU> UNIT</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Duff and Phelps today raised the
+ratings on General Public Utilities' Pennsylvania Electric Co.
+subsidiary fixed income securities.
+    First mortgage bonds and collateralized pollution control
+revenue bonds have been raised to D&amp;P-6 (middle A) from D&amp;P-7
+(low A), debentures raised to D&amp;P-7 from D&amp;P-8 (high BBB), and
+preferred stock raised to D&amp;P-8 from D&amp;P-9 (middle BBB).
+    About 766 mln dlrs of debt is affected.
+    The upgrade reflects general improvement in the company's
+financial condition, Duff and Phelps said, citing the partial 
+restoration of service, and rates, to Three Mile Island.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13334" NEWID="7813">
+<DATE>20-MAR-1987 12:38:29.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1666&#31;reute
+u f BC-ALLEGHENY   03-20 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRM HAS ALLEGHENY INT'L &lt;AG> PREFERRED STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Spear, Leeds and Kellogg, a New York
+brokerage partnership, said it has acquired 136,300 shares of
+Allegheny International Inc's 11.25 dlr convertible preferred
+stock, or 7.1 pct of the total outstanding.
+    In a filing with the Securities and Exchange Commission,
+Spear Leeds said it bought the stake for 11.7 mln dlrs as part
+of its normal trading activities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13335" NEWID="7814">
+<DATE>20-MAR-1987 12:38:52.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1669&#31;reute
+r f BC-WTD-INDUSTRIES-&lt;WTDI>   03-20 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WTD INDUSTRIES &lt;WTDI> SAWMILL OFFER REJECTED</TITLE>
+<DATELINE>    PORTLAND, Ore., March 20 - </DATELINE><BODY>WTD Industries Inc said its
+offer to buy the bankrupt Harris Pine sawmill in Pendleton,
+Oregon was rejected by the bankruptcy court trustee.
+    The company said the bid was rjected in favor of a higher
+offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13336" NEWID="7815">
+<DATE>20-MAR-1987 12:39:00.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1670&#31;reute
+r f BC-CBT-HITS-CFTC'S-FOREI   03-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT HITS CFTC'S FOREIGN FUTURES PROPOSALS</TITLE>
+<DATELINE>    BOCA RATON, Fla, March 20 - </DATELINE><BODY>Proposed federal regulations
+governing the sale of foreign futures and options contracts to
+U.S. citizens would strap U.S. exchanges, an official of the
+Chicago Board of Trade, CBT, said.
+    Frederick Grede, CBT vice president of administration and
+planning, told the Futures Industry Association that rules
+proposed by the Commodity Futures Trading Commission, CFTC,
+would "handicap the ability of U.S. exchanges and futures
+commission merchants to compete internationally."
+    The CFTC rules generally would require additional
+registration and disclosure.
+    Grede said that speculative positions, hedging and
+aggregation do not exist on most overseas exchanges, and that
+the regulations would impose onerous requirements relating to
+the segregation of customer funds.
+    CFTC Chairman Susan Phillips, acknowledging that the
+proposal was "controversial," said the commission would
+consider revising the proposals.             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13337" NEWID="7816">
+<DATE>20-MAR-1987 12:39:26.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1673&#31;reute
+r f BC-CELINA-&lt;CELNA>-SHAREH   03-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CELINA &lt;CELNA> SHAREHOLDERS APPROVE SALE</TITLE>
+<DATELINE>    CELINA, OHIO, March 20 - </DATELINE><BODY>Celina Financial Corp said
+shareholders at a special meeting approved a transaction in
+which the company transferred its interest in three insurance
+companies to a wholly owned subsidiary which then sold the
+three companies to an affiliated subsidiary.
+    It said the company's interests in West Virginia Fire and
+Casualty Co, Congregation Insurance co and National Term Life
+Insurance Co had been transferred to First National Indemnity
+Co, which sold the three to Celina Mutual for cash, an office
+building and related real estate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13338" NEWID="7817">
+<DATE>20-MAR-1987 12:39:33.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1674&#31;reute
+r f BC-UNICORP-AMERICAN   03-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP HAS 5.1 PCT OF UNICORP AMERICAN &lt;UAC></TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Two affiliated New York investment
+firms and an investment advisor told the Securities and
+Exchange Commission they have acquired 555,057 shares of
+Unicorp American Corp, or 5.1 pct of the total outstanding.
+    The group, which includes Mutual Shares Corp, said it
+bought the stake for 5.3 mln dlrs for investment purposes and
+has no intention of seeking control of Unicorp American.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13339" NEWID="7818">
+<DATE>20-MAR-1987 12:39:45.30</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f1675&#31;reute
+b f BC-CANADIAN-MONEY-SUPPLY   03-20 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN MONEY SUPPLY FALLS IN WEEK</TITLE>
+<DATELINE>    OTTAWA, March 20 - </DATELINE><BODY>Canadian narrowly-defined money supply
+M-1 fell 1.16 billion dlrs to 32.94 billion dlrs in week ended
+March 11, Bank of Canada said.
+    M-1-A, which is M-1 plus daily interest chequable and
+non-personal deposits, fell 1.31 billion dlrs to 75.39 billion
+dlrs and M-2, which is M-1-A plus other notice and personal
+fixed-term deposit fell 1.01 billion dlrs to 177.70 billion
+dlrs.
+    M-3, which is non-personal fixed term deposits and foreign
+currency deposits of residents booked at chartered banks in
+Canada, fell 1.29 billion dlrs to 216.33 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13340" NEWID="7819">
+<DATE>20-MAR-1987 12:41:33.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1687&#31;reute
+b f BC-******REVLON-BUYS-GER   03-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REVLON BUYS GERMAINE MONTEIL COSMETICS FROM BEECHAM GROUP FOR UNDISCLOSED TERMS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13341" NEWID="7820">
+<DATE>20-MAR-1987 12:42:06.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1690&#31;reute
+u f BC-REVLON-&lt;REV>-BUYS-BEE   03-20 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REVLON &lt;REV> BUYS BEECHAM'S COMSMETICS UNIT</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Revlon Group Inc said it bought
+Germaine Monteil's cosmetics business in the U.S. from the
+Beecham Group PLC.
+    Terms of the sale were not disclosed.
+    The sale includes the rights to Germaine Monteil in North
+and South America and in the Far East, as well as the worldwide
+rights to the Diane von Furstenberg cosmetics and fragrances
+lines and the U.S. distribution rights to Lancaster beauty
+products.
+    Meanwhile in London a statement from Beecham said the
+business was sold to Revlon for 2.5 mln dlrs in cash and a
+royalty payment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13342" NEWID="7821">
+<DATE>20-MAR-1987 12:42:13.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1691&#31;reute
+u f BC-MONFORT-OF-COLORADO-I   03-20 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONFORT OF COLORADO INC &lt;MNFT> 2ND QTR NET</TITLE>
+<DATELINE>    GREELEY, Colo., March 20 - </DATELINE><BODY>Qtr ended Feb 28
+    Shr 1.03 dlrs vs 1.34 dlrs
+    Net 4,385,000 vs 5,792,000
+    Revs 474.4 mln vs 381.4 mln
+    Six mths
+    Shr 2.46 dlrs vs 2.71 dlrs
+    Net 10.5 mln vs 11.7 mln
+    Revs 906.0 mln vs 757.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13343" NEWID="7822">
+<DATE>20-MAR-1987 12:42:28.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1693&#31;reute
+r f BC-QUOTRON-IN-PACT-WITH   03-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUOTRON IN PACT WITH MERRILL LYNCH &lt;MER></TITLE>
+<DATELINE>    LOS ANGELES, March 20 -</DATELINE><BODY>&lt;Quotron Systems Inc> said it signed
+a contract to deliver financial information services to more
+than 500 Merrill Lynch Pierce Fenner and Smith offices.
+    The agreement provides all the offices served by Quotron be
+extended through November 1989, and gives Merrill Lynch the
+option to extend the contract through February 1993, the
+company said.
+    The cost of the contract was not disclosed.
+    Quotron is a wholly-owned subsidiary of Citicorp &lt;CCI>, and
+is not traded publicly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13344" NEWID="7823">
+<DATE>20-MAR-1987 12:46:31.88</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1707&#31;reute
+h f BC-GEODOME-RESOURCES-&lt;GO   03-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEODOME RESOURCES &lt;GOEDF> TO PROCEED WITH MINE</TITLE>
+<DATELINE>    HAILEY, Idaho, Calif., March 20 - </DATELINE><BODY>Geodome Resources Ltd
+said based on a feasibility study of its Sunbeam Mine it will
+proceed with contruction and pre-production stripping as
+rapidly as possible.
+    The company said eight of nine holes drilled on the new ore
+zone have an average grade of 0.046 ounces of gold per ton and
+2.1 ounces of silver per ton.
+    The deposit is 400 to 500 yards from the newly designed
+Sunbeam pits, has large tonnage and will be drilled off this
+summer, the company said.
+    The study said ore reserves including dillution were
+3,302,000 tons at 0.77 ounces of gold per ton at a cut off
+grade of 0.026 ounces per ton and stripping ratio of 4.24 to
+one.
+    It said gold production will average 41,000 ounces per year
+for the mine life and 99,000 ounces of silver per year.
+    It said gold production in the first three years should
+average 50,000 ounces per year.
+    Operating costs are expected to average 201 dlrs per ounce
+of gold for the mine life and 171 dlrs per ounce in the first
+three years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13345" NEWID="7824">
+<DATE>20-MAR-1987 12:47:19.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1711&#31;reute
+u f BC-BAIRD   03-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARK IV CORRECTS AGREEMENT WITH BAIRD &lt;BATM></TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Mark IV Industries Inc &lt;IV>, which
+has said it may consider a bid to seek control of Baird Corp,
+said Baird has not agreed to hold off on any defensive measures
+without giving Mark IV at least 24 hours notice.
+    In a filing with the Securities and Exchange Commission,
+Mark IV corrected a statement it made yesterday in another SEC
+filing in which it listed several agreements reached with
+Baird, including that Baird would not take any anti-takeover
+steps without providing at least 24 hours notice.
+    Mark IV said it was later told by Baird that Baird had
+given no such assurance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13346" NEWID="7825">
+<DATE>20-MAR-1987 12:47:50.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1714&#31;reute
+r f BC-GENERALE-DE-BANQUE,-H   03-20 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERALE DE BANQUE, HELLER BUY FACTORING UNIT</TITLE>
+<DATELINE>    BRUSSELS, March 20 - </DATELINE><BODY>Generale de Banque SA &lt;GENB.BR> and
+&lt;Heller Overseas Corp> of Chicago have each taken 50 pct stakes
+in factoring company SA Belgo-Factors, Generale de Banque said
+in a statement.
+    It gave no financial details of the transaction. SA
+Belgo-Factors' turnover in 1986 was 17.5 billion Belgian
+francs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13347" NEWID="7826">
+<DATE>20-MAR-1987 12:48:04.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1715&#31;reute
+d f BC-&lt;oshawa-group-ltd>-4t   03-20 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;OSHAWA GROUP LTD> 4TH QTR NET</TITLE>
+<DATELINE>    Toronto, March 20 -
+    </DATELINE><BODY>Shr 52 cts vs 51 cts
+    Net 16.5 mln vs 16.2 mln
+    Revs 870.2 mln vs 800.7 mln
+    Year
+    Shr 1.48 dlrs vs 1.29 dlrs
+    Net 47.3 mln vs 41.0 mln
+    Revs 3.53 billion vs 3.10 billion
+    Avg shrs 31,867,658 vs 31,831,050
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13348" NEWID="7827">
+<DATE>20-MAR-1987 12:48:47.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1717&#31;reute
+d f BC-HARLEY-DAVIDSON-&lt;HDI>   03-20 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARLEY-DAVIDSON &lt;HDI> UNIT FILES NOTE OFFERING</TITLE>
+<DATELINE>    WAKARUSA, IND., March 20 - </DATELINE><BODY>Harley-Davidson Inc said its
+wholly owned subsidiary, Holiday Rambler Corp, filed a
+registration statement covering 70 mln dlrs of subordinated
+notes due 1997.
+    Holiday-Rambler, which manufactures recreational vehicles,
+was acquired by Harley-Davidson in December 1986.
+    Proceeds of the offering will be used to repay 60 mln dlrs
+of debt, with the balance to reduce any outstanding borrowings
+under the company's revolving credit loan agreement and for
+working capital purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13350" NEWID="7828">
+<DATE>20-MAR-1987 12:50:08.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1720&#31;reute
+f f BC-******PAN-AM-CORP-4TH   03-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PAN AM CORP 4TH QTR LOSS 197.5 MLN DLRS VS PROFIT 241.4 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13351" NEWID="7829">
+<DATE>20-MAR-1987 12:52:45.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1728&#31;reute
+u f BC-WESTPAC-PERPETUAL-FRN   03-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTPAC PERPETUAL FRN NO INSTANT CURE, DEALERS SAY</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>Morgan Guaranty Ltd's novel and complex
+repackaging of Westpac Banking Corp's perpetual floating rate
+note (FRN) may attract some investors, but is unlikely to aid
+current holders of the Westpac securities or the FRN market,
+FRN traders said.
+    "It actually does nothing for anyone who has been stuffed
+and right now, that's the problem," said a trader at one U.K.
+Clearing bank that has also issued its own perpetuals.
+    Trading in perpetual issues, which pay interest but never
+mature, has come to a virtual halt. Prices have fallen so far
+that only about five firms still make markets in them.
+    The Westpac perpetual notes are technically now the
+property of a newly formed single-purpose finance subsidiary,
+Pacific Securities. If Morgan tried to find a home for the
+actual Westpac notes, as is, they would be paid no more than 85
+cents on the dollar, at most, traders said.
+    But the repackaging allows them to target a new class of
+investor for the notes and take the old issues off their books
+without registering a loss, the traders said.
+    "The only one the repackaging favours is Morgan," a trader
+said.
+    Meanwhile, the end-holders of perpetual notes, most of whom
+are Japanese banks, must still find a way to value them by
+year-end, now a week away.
+    From Morgan's point of view, the repackaging does aid the
+present holders of the notes as well as offering value to a new
+class of investors.
+    "At least we've put a floor under the price of the notes.
+We've created a way to set a real value for them," one Morgan
+official said. Morgan had earlier attempted, but abandoned,
+another plan to repackage the Westpac securities.
+    Morgan's holdings of Westpac paper create special problems
+for it because of the way U.S. Regulators view bank holdings of
+the primary capital of other banks, traders said. Therefore, it
+is crucial that a vehicle for selling the paper be found.
+    And indeed, note traders said, the FRN portion of the
+repackaged securities -- which Westpac has offered to redeem
+for cash in 15 years -- does have real value.
+    For one thing, traders noted, it pays about the highest
+rate over the London Interbank Offered Rate of virtually any
+newly issued security. The spread is 50 basis points.
+    However, the other portion of the security, in which the
+investor pays 20 cents on the dollar for a zero coupon 15-year
+bond, is of dubious value unless the Westpac perpetual assumes
+a market value near par 15 years from now, traders said.
+    The zero-coupon portion could provide value for an account
+which for tax purposes, wants to take a large capital loss, the
+traders said. In the 15-year period between the time the note
+is purchased and the time it is redeemed, no interest is paid.
+    When repayment finally occurs, it is not in cash like an
+ordinary zero-coupon bond. Instead, the investor receives one
+of the Westpac perpetual floaters.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13349" NEWID="7830">
+<DATE>20-MAR-1987 12:53:02.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1730&#31;reute
+r f BC-VIRCO-MANUFACTURING-C   03-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIRCO MANUFACTURING CORP &lt;VIR> 4TH QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 20 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr 67 cts vs 69 cts
+    Net 1,525,000 vs 1,570,000
+    Revs 41.2 mln vs 40.2 mln
+    Year
+    Shr 1.75 dlrs vs 1.54 dlrs
+    Net 4,001,000 vs 3,522,000
+    Revs 172.3 mln vs 168.7 mln
+    Note: figures include losses from discontinued operations
+in qtr of 309,000 dlrs, vs 253,000 dlrs a year earlier and for
+the year of 309,000 dlrs vs 1,559,000 dlrs a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13352" NEWID="7831">
+<DATE>20-MAR-1987 12:53:55.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1734&#31;reute
+u f BC-COOPER-INDUSTRIES   03-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPER &lt;CBE> ASKS FTC TO END ACQUISITION LIMITS</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Cooper Industries Inc asked the
+Federal Trade Commission to vacate a 1979 order that requires
+the company to get FTC approval before making certain
+acquisitions, the FTC said.
+    The order was issued as part of a settlement of FTC charges
+that Cooper's merger with Gardner-Denver Co would lessen
+competion and increase concentration in the gas compressor and
+industrial air tool industries, the FTC said.
+    The order requires that, until 1989, Cooper must get FTC
+approval before acquiring companies in the natural gas
+compressor or hand-held industrial pneumatic tool businesses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13353" NEWID="7832">
+<DATE>20-MAR-1987 12:55:46.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f1743&#31;reute
+r f BC-SWISS-PAVING-WAY-TO-I   03-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS PAVING WAY TO INDEX FUTURES, OPTIONS</TITLE>
+<DATELINE>    BOCA RATON, Fla, March 20 - </DATELINE><BODY>Switzerland expects to launch
+fully computerized trading of financial futures and options in
+the near future, a senior Swiss official said.
+    Alexis Lautenberg, minister for economic and financial
+services at the Department of Foreign Affairs, said a stock
+index based on issues traded on the three major Swiss exchanges
+is expected to be completed this month, marking "an important
+step towards the introduction of an option market and index
+futures."
+    Trading of options will begin next year "with more than a
+dozen of the most actively traded shares ... and non-voting
+equities," he told the Futures Industry Association.
+    The Swiss envision requiring dealers to handle transactions
+on the computerized system and market makers to trade specific
+equities, Lautenberg said.
+    The Swiss official also said there would be limits on the
+positions and exercise of option rights and that firms would
+have to comply with minimum capital requirements under Swiss
+banking law.
+    He also said "intensive consultations" were under way with
+a view toward allowing profits earned from traded options and
+financial futures to be considered capital gains.
+    "It would follow that only when a buyer would exercise his
+option right by realizing a physical transaction would the
+stamp duty, or securities tax, be levied," Lautenberg said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13354" NEWID="7833">
+<DATE>20-MAR-1987 12:56:33.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1745&#31;reute
+u f BC-EIB-ISSUES-300-MLN-LU   03-20 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIB ISSUES 300 MLN LUXEMBOURG FRANC PLACEMENT</TITLE>
+<DATELINE>    LUXEMBOURG, March 20 - </DATELINE><BODY>The European Investment Bank is
+issuing a 300 mln Luxembourg franc, seven-year private
+placement with a coupon of 7-3/8 pct and priced at par, lead
+manager Caisse d'Epargne de l'Etat, Banque de l'Etat said.
+    Payment date is April 9 and coupon date April 10 annually,
+with final maturity on that date in 1994. The issue can be
+redeemed early on April 10, 1991, 1992 or 1993 with 45 days'
+notice.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13355" NEWID="7834">
+<DATE>20-MAR-1987 12:58:55.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1752&#31;reute
+u f BC-ZUERCHER-ZIEGELEIEN-S   03-20 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZUERCHER ZIEGELEIEN SETS 60 MLN SFR WARRANT BOND</TITLE>
+<DATELINE>    ZURICH, March 20 - </DATELINE><BODY>Zuercher Ziegeleien AG plans a 60 mln
+Swiss franc, 2-1/4 pct domestic bond with warrants for
+participation certificates, lead manager Swiss Bank Corp said.
+    The 10-year par-priced bonds of 5,000 francs' face value
+carry two warrants (A and B), each of which entitle holders to
+acquire one certificate of 100 francs' nominal value.
+    The A warrants may be exercised from June 1, 1987, to March
+30, 1990, at 800 francs, and the B warrants from June 1, 1987,
+to March 30, 1992, at 820 francs. The exercise prices remain in
+force after the dilution through an announced rights issue to
+be conducted on May 11.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13356" NEWID="7835">
+<DATE>20-MAR-1987 12:59:16.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1755&#31;reute
+s f BC-THOMPSON-MEDICAL-CO-I   03-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMPSON MEDICAL CO INC &lt;TM> DECLARES QTLY DIV</TITLE>
+<DATELINE>    NEW YORK, March 20 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay April 15
+    Record March 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13357" NEWID="7836">
+<DATE>20-MAR-1987 13:00:38.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1757&#31;reute
+r f BC-NEW-ENGLAND-ELECTRIC   03-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ENGLAND ELECTRIC SYSTEM &lt;NES> TWO MONTHS NET</TITLE>
+<DATELINE>    WESTBOROUGH, Mass., March 20 - </DATELINE><BODY>ended February
+    Shr 69 cts vs 66 cts
+    Net 37.7 mln vs 34.9 mln
+    Revs 255.8 mln vs 288.8 mln
+    Avg shrs 54.7 mln vs 53.2 mln
+    12 mths ended Feb
+    Shr 3.23 dlrs vs 3.17 dlrs
+    Net 174.8 mln vs 166.3 mln
+    Revs 1.4 billion vs 1.5 billion
+    Avg shrs 54.1 mln vs 52.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13358" NEWID="7837">
+<DATE>20-MAR-1987 13:01:34.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1761&#31;reute
+s f BC-DILLARD-DEPT-STORES-I   03-20 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DILLARD DEPT STORES INC &lt;DDS> DECLARES QTLY DIV</TITLE>
+<DATELINE>    LITTLE ROCK, Ark., March 20 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay May 1
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13359" NEWID="7838">
+<DATE>20-MAR-1987 13:02:39.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1766&#31;reute
+b f BC-PAN-AM-CORP-&lt;PN>-4TH   03-20 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN AM CORP &lt;PN> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 20 - 
+    </DATELINE><BODY>Shr loss 1.44 dlrs vs profit 1.79 dlrs
+    Net loss 197.5 mln dlrs vs profit 241.4 mln
+    Revs 797.3 mln vs 906.7 mln
+    12 mths
+    Shr loss 3.42 dlrs vs profit 45 cts
+    Net loss 462.8 mln vs profit 51.8 mln
+    Revs 3.04 billion vs 3.48 billion
+    Note: Net includes special charges of 65 mln dlrs vs
+special gain of 341 mln dlrs for the qtr and year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13360" NEWID="7839">
+<DATE>20-MAR-1987 13:06:07.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1780&#31;reute
+r f BC-ALLIED-SIGNAL   03-20 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FTC EASES ALLIED-SIGNAL &lt;ALD> UNIT RESTRICTIONS</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The Federal Trade Commission said it
+eased a requirement that Allied-Signal Inc's Allied Corp
+subsidiary get prior FTC approval before making certain
+acquisitions in the high-purity acid market.
+    The FTC said it ended the prior approval requirement
+because Allied no longer has businesses covered by the order.
+Other restrictions still apply, it said.
+    The restrcitions stem from a 1983 order by the FTC settling
+charges that Allied's 1981 acquisition of Fisher Scientific Co
+reduced competition in three high-purity acid markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13361" NEWID="7840">
+<DATE>20-MAR-1987 13:08:04.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1788&#31;reute
+r f BC-SAN-JUAN-BASIN-ROYALT   03-20 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAN JUAN BASIN ROYALTY &lt;SJT> HIKES DISTRIBUTION</TITLE>
+<DATELINE>    FORT WORTH, Tex., March 20 -
+    </DATELINE><BODY>Cash distribution 4.2621 cts vs 3.2384 cts prior
+    Pay April 14
+    Record March 31
+    NOTE: Company's full name is San Juan Basin Royalty Trust.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13362" NEWID="7841">
+<DATE>20-MAR-1987 13:08:36.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1790&#31;reute
+r f BC-SHL-SYSTEMHOUSE-INC-&lt;   03-20 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHL SYSTEMHOUSE INC &lt;SHKIF> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    OTTAWA, March 20 -
+    </DATELINE><BODY>Shr 23 cts vs nine cts
+    Net 5,700,000 vs 1,920,000
+    Revs 35.5 mln vs 19.8 mln
+    1st half
+    Shr 41 cts vs 17 cts
+    Net 10.0 mln vs 3,100,000
+    Revs 69.3 mln vs 36.7 mln
+    NOTE: Share adjusted for two-for-one stock split approved
+in December 1986.
+    Net includes tax credits of 2,970,000 dlrs vs 980,000 dlrs
+in quarter and 5,210,000 dlrs vs 1,590,000 dlrs in half.
+    Backlog 230 mln dlrs vs 147 mln dlrs at start of fiscal
+year and 148 mln dlrs at the end of the first quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13363" NEWID="7842">
+<DATE>20-MAR-1987 13:09:07.51</DATE>
+<TOPICS><D>lead</D><D>zinc</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1794&#31;reute
+u f BC-U.K.-LEAD-AND-ZINC-OF   03-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. LEAD AND ZINC OFFTAKE RISES IN JANUARY</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>U.K. Consumption of lead and zinc in all
+forms during January rose to 26,314 and 18,778 tonnes, from
+24,967 and 17,929 tonnes respectively in December, latest
+figures by the World Bureau of Metal Statistics (WBMS) show.
+    Refined lead consumption rose to 23,992 tonnes from 23,194,
+while scrap offtake was 2,322 tonnes against 1,773.
+    Slab zinc consumption was 14,257 tonnes against 14,190
+during December, while offtake of scrap and re-melted metal was
+4,521 tonnes against 3,739.
+    Meanwhile production of refined lead in January rose to
+28,188 tonnes from 23,693 in December, but slab zinc production
+fell to 4,490 tonnes from 5,793, the WBMS figures showed.
+    Stocks of slab zinc totalled 14,780 tonnes, down from
+December's 15,008.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13364" NEWID="7843">
+<DATE>20-MAR-1987 13:10:45.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1804&#31;reute
+d f BC-PHOTRONIC-LABS-INC-&lt;P   03-20 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOTRONIC LABS INC &lt;PLAB> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    BROOKFIELD CENTER, Conn., March 20 -
+    </DATELINE><BODY>Shr 10 cts vs seven cts
+    Net 249,143 vs 175,476
+    Sales 3,034,010 vs 2,745,288
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13365" NEWID="7844">
+<DATE>20-MAR-1987 13:12:36.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1814&#31;reute
+d f BC-AMEX-LISTS-LANDMARK-T   03-20 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX LISTS LANDMARK TECHNOLOGY &lt;LCO></TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>The American Stock Exchange said it
+has listed the common stock of Landmark Technology Corp, which
+had been traded on the NASDAQ system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13366" NEWID="7845">
+<DATE>20-MAR-1987 13:14:24.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1819&#31;reute
+r f BC-PERMIAN-BASIN-ROYALTY   03-20 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERMIAN BASIN ROYALTY &lt;PBT> HIKES DISTRIBUTION</TITLE>
+<DATELINE>    FORT WORTH, Tex., March 20 -
+    </DATELINE><BODY>Cash distribution 3.9737 cts vs 3.0577 cts
+    Pay April 14
+    Record March 31
+    NOTE: Trust's full name is Permian Basin Royalty Trust.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13367" NEWID="7846">
+<DATE>20-MAR-1987 13:15:00.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1822&#31;reute
+d f BC-TRUST-AMERICA-&lt;TRUS>   03-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRUST AMERICA &lt;TRUS> IN DEAL WITH ITT &lt;ITT></TITLE>
+<DATELINE>    ST. PETERSBURG, Fla., March 20 - </DATELINE><BODY>Trust America Service Corp
+said it has signed an agreement to provide ITT Corp's &lt;ITT> ITT
+Mortgage Corp affiliate with a monthly flow of residential
+conventional mortgage loans.
+    It said the arrangement is expected to be an "important:
+source of revenue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13368" NEWID="7847">
+<DATE>20-MAR-1987 13:15:12.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1823&#31;reute
+u f BC-UNIVERSAL-RESOURCES-&lt;   03-20 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL RESOURCES &lt;UVR>HOLDERS APPROVE MERGER</TITLE>
+<DATELINE>    DALLAS, March 20 - </DATELINE><BODY>Universal Resources Corp said its
+shareholders approved the merger of the company with Questar
+Corp &lt;STR>.
+    Separately, Universal said it will redeem its 15.75 pct
+debentures due December 15, 1996, on April 19, at 104.8 pct of
+face amount plus accrued interest.
+    Universal said it will operate as a wholly owned unit of
+Questar under its current name. Under terms of the merger,
+which took effective today, Universal said its shareholders
+will receive three dlrs a share in cash.
+    It said its stock will no longer trade on the AMEX.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13369" NEWID="7848">
+<DATE>20-MAR-1987 13:15:48.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1825&#31;reute
+r f BC-ENDOTRONICS-&lt;ENDO>-HA   03-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENDOTRONICS &lt;ENDO> HALTED PENDING NEWS RELEASE</TITLE>
+<DATELINE>    MINNEAPOLIS, March 20 - </DATELINE><BODY>Endotronics Inc, halted at 1-3/4 on
+NASDAQ pending release of a news report, on Monday said it was
+expecting "substantial losses" for the quarter ending March 31,
+1987 and the fiscal year ending Sept 30, 1987.
+    The company had cited a dispute over payment by Yamaha Inc,
+one of its Japanese distributors, over payment of a promissory
+note for 3,686,000 dlrs in overdue accounts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13370" NEWID="7849">
+<DATE>20-MAR-1987 13:16:40.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1827&#31;reute
+u f BC-LAWSON-PLEDGES-TO-MAK   03-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON PLEDGES TO MAKE INFLATION TOP PRIORITY</TITLE>
+<DATELINE>    TORQUAY, England, March 20 - </DATELINE><BODY>British Chancellor of the
+Exchequer Nigel Lawson pledged to continue making defeat of
+inflation a top priority.
+    Speaking to the ruling Central Council of the Conservative
+Party, Lawson said "We will continue to make defeat of inflation
+a top priority until it is eliminated altogether."
+    Year on year inflation is running at 3.7 pct.
+    Lawson said that under the government's program of selling
+off state industries to the private sector the number of share-
+holders in the country had trebled since 1979 and now
+represented one in five of the adult population.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13371" NEWID="7850">
+<DATE>20-MAR-1987 13:16:55.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1829&#31;reute
+s f BC-TEXAS-INSTRUMENTS-INC   03-20 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INSTRUMENTS INC &lt;TXN> SETS QUARTERLY</TITLE>
+<DATELINE>    DALLAS, MArch 20 -
+    </DATELINE><BODY>Qtly div 50 cts vs 50 cts prior
+    Pay April 20
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13372" NEWID="7851">
+<DATE>20-MAR-1987 13:17:14.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1831&#31;reute
+s f BC-SOUTHEAST-BANKING-COR   03-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHEAST BANKING CORP &lt;STB> DECLARES QTLY DIV</TITLE>
+<DATELINE>    MIAMI, Fla., March 20 -
+    </DATELINE><BODY>Qtly div 22 cts vs 22 cts prior
+    Pay April 10
+    Record March 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13373" NEWID="7852">
+<DATE>20-MAR-1987 13:17:55.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1833&#31;reute
+r f BC-SWISS-BANKS-MEET-CHUR   03-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS BANKS MEET CHURCHES OVER S. AFRICA LOANS</TITLE>
+<DATELINE>    ZURICH, March 20 - </DATELINE><BODY>Swiss banks are holding talks with
+Protestant and Roman Catholic officials to hear church
+complaints about lending to South Africa, the Swiss Bankers'
+Association said.
+    In a statement the Association said the parties had
+disagreed over economic sanctions.
+    But all participants -- representatives of the three
+biggest Swiss banks, the Bankers' Association itself, the
+churches and church charities -- agreed to condemn South
+Africa's apartheid policy both publicly and in contacts with
+business and government offices there.
+    After two private sessions last August and on March 10,
+they agreed the meetings should continue.
+    Swiss banks are criticised by the churches who say they are
+in effect lending support to the South African government.
+    The banks assured the churchmen that their lending had
+declined substantially last year and that they had no intention
+of building it up as banks from other countries withdrew.
+    Pius Haffner of the Catholic charity Justitia et Pax told
+Reuters, "It is at least a small step forward when the banks say
+publicly they will not jump in when other banks pull out."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13374" NEWID="7853">
+<DATE>20-MAR-1987 13:20:53.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1847&#31;reute
+d f BC-UNIFORCE-&lt;UNFR>-TO-FI   03-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIFORCE &lt;UNFR> TO FILE REGISTRATION</TITLE>
+<DATELINE>    NEW HYDE PARK, N.Y., March 20 - </DATELINE><BODY>Uniforce Temporary
+Personnel Inc said it will file in April a registration
+statement with the Securities and Exchange Commission for an
+offering of 128,250 shares of common stock issuable upon
+exercise of common stock purchase warrants.
+    The offering is being made at the request of a holder of
+the warrants which were issued in 1984 at the time of
+Uniforce's initial public offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13375" NEWID="7854">
+<DATE>20-MAR-1987 13:23:31.13</DATE>
+<TOPICS><D>gas</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1859&#31;reute
+r f BC-GASOLINE   03-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FTC URGES VETO OF GEORGIA GASOLINE STATION BILL</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The Federal Trade Commission said
+its staff has urged the governor of Georgia to veto a bill that
+would prohibit petroleum refiners from owning and operating
+retail gasoline stations.
+    The proposed legislation is aimed at preventing large oil
+refiners and marketers from using predatory or monopolistic
+practices against franchised dealers.
+    But the FTC said fears of refiner-owned stations as part of
+a scheme of predatory or monopolistic practices are unfounded.
+It called the bill anticompetitive and warned that it would
+force higher gasoline prices for Georgia motorists.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13376" NEWID="7855">
+<DATE>20-MAR-1987 13:24:48.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1867&#31;reute
+d f BC-ARMSTRONG-WORLD-&lt;ACK>   03-20 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMSTRONG WORLD &lt;ACK> UNIT BUYS PLANT</TITLE>
+<DATELINE>    THOMASVILLE, N.C., March 20 - </DATELINE><BODY>Armstrong World Industries
+Inc said its Gilliam Furniture affiliate has purchased a
+130,000 square foot building in Troutman, N.C., for undisclosed
+terms.
+    It said the new plant is expected to be in operation before
+year-end and and will more than double Gilliam's production
+capacity for upholstered furniture.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13377" NEWID="7856">
+<DATE>20-MAR-1987 13:25:00.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1869&#31;reute
+w f BC-INDUSTRIAL-ELECTRONIC   03-20 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDUSTRIAL ELECTRONIC &lt;IEHC> GETS ORDER</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>INdustrial Electronic Hardware Corp
+said it received a 2.1 mln dlrs order from an undisclosed
+leading defense contractor.
+    INdustrial Electronic manufactures electronic connectors
+for the aerospace market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13378" NEWID="7857">
+<DATE>20-MAR-1987 13:25:09.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1870&#31;reute
+b f BC-hudbay   03-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HUDSON'S BAY CO YEAR OPER SHR PROFIT 32 CTS VS LOSS 1.23 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13379" NEWID="7858">
+<DATE>20-MAR-1987 13:26:35.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1875&#31;reute
+f f BC-******COOK-UNITED-INC   03-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COOK UNITED INC EXPECTS LOSS OF 16 MLN DLRS FOR FISCAL 1987
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13380" NEWID="7859">
+<DATE>20-MAR-1987 13:27:11.97</DATE>
+<TOPICS><D>earn</D><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1878&#31;reute
+b f BC-hudbay   03-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HUDSON'S BAY CO HAD 1986 WRITEDOWN OF 40.4 MLN DLRS MAINLY ON STAKE IN DOME PETROLEUM
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13381" NEWID="7860">
+<DATE>20-MAR-1987 13:30:32.85</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1886&#31;reute
+b f BC-U.N.-conference-forma   03-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.N. Conference formally adopts new International Natural Rubber Agreement - chairman
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13382" NEWID="7861">
+<DATE>20-MAR-1987 13:30:45.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1887&#31;reute
+s f BC-YORK-FINANCIAL-CORP-&lt;   03-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YORK FINANCIAL CORP &lt;YFED> DECLARES QTLY DIV</TITLE>
+<DATELINE>    YORK, Pa., March 20 -
+    </DATELINE><BODY>Qtly div 17 cts vs 17 cts prior
+    Pay May five
+    Record April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13383" NEWID="7862">
+<DATE>20-MAR-1987 13:32:16.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1892&#31;reute
+b f BC-******COOK-UNITED-INC   03-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COOK UNITED INC IN TALKS TO SELL STAKE TO PRIVATE INVESTORS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13384" NEWID="7863">
+<DATE>20-MAR-1987 13:32:34.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1894&#31;reute
+b f BC-******ENDOTRONICS-INC   03-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ENDOTRONICS INC SAID TWO FEDERAL AGENCIES INVESTIGATING THE COMPANY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13385" NEWID="7864">
+<DATE>20-MAR-1987 13:35:29.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1910&#31;reute
+r f BC-COMBINED-INT'L-&lt;PMA>   03-20 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMBINED INT'L &lt;PMA> RAISES PAYOUT, VOTES SPLIT</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Combined International Corp said its
+board voted to increase the quarterly dividend  7.1 pct to 60
+cts a share from 56 cts payable May 26, record May 12.
+    It said directors also approved a two-for-one stock split,
+subject to approval by shareholders of a proposed capital stock
+amendment at the annual meeting in April. The record and pay
+dates would be announced later, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13386" NEWID="7865">
+<DATE>20-MAR-1987 13:35:38.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1911&#31;reute
+d f BC-AMERICAN-CABLESYSTEMS   03-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CABLESYSTEMS &lt;ACN> TO BUY CABLE SYSTEM</TITLE>
+<DATELINE>    BEVERLY, Mass., March 20 - </DATELINE><BODY>American Cablesystems Corp said
+it agreed in principal to buy a cable television system in Los
+Angeles County from Heritage Communications Inc &lt;HCI> for 15.5
+mln dlrs.
+    The company said the system being purchased serves about
+12,000 subscribers in the towns of Compton, South El Monte,
+Hawaiian Gardens and the communities of Willowbrook, Athens,
+Firestone, Florence and East Compton.
+    It said the acquisition will bring to seven the number of
+cable systems it owns, manages or has agreed to buy in the Los
+Angeles area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13387" NEWID="7866">
+<DATE>20-MAR-1987 13:35:42.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1912&#31;reute
+d f BC-YORK-FINANCIAL-&lt;YFED>   03-20 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YORK FINANCIAL &lt;YFED> SPLITS STOCK</TITLE>
+<DATELINE>    YORK, Pa., March 20 - </DATELINE><BODY>York Financial Corp, parent company
+of York Federal Savings and Loan Association, said its board of
+directors declared a five-for-four stock split in the form of a
+25 pct stock dividend.
+    The company said it will distribute the split on May 5, to
+shareholders of record April 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13388" NEWID="7867">
+<DATE>20-MAR-1987 13:37:34.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1916&#31;reute
+u f BC-CHEMLAWN-&lt;CHEM>-HAS-N   03-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMLAWN &lt;CHEM> HAS NO COMMENT ON NEW OFFER</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>ChemLawn Corp said it had no comment
+on a sweetened offer from Waste Management Inc &lt;WMX>.
+    Waste Management amended its 27 dlr per share tender offer,
+raising it to 35 dlrs per share.
+    ChemLawn had rejected Waste Management's earlier 27 dlr per
+share offer, saying it was an undervalued bid. ChemLawn earlier
+told its shareholders not to tender to Waste Management.
+    ChemLawn rose 1-7/8 to 36 in over-the-counter trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13389" NEWID="7868">
+<DATE>20-MAR-1987 13:37:59.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1917&#31;reute
+u f BC-TOYOTA-&lt;TOYOY>-HIKES   03-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA &lt;TOYOY> HIKES 1987 PRICES</TITLE>
+<DATELINE>    DETROIT, March 20 - </DATELINE><BODY>Toyota Motors Sales U.S.A. Inc said it
+will raise the price of its 1987 cars by an average 1.8 pct, or
+208 dlrs, effective immediately.
+    Toyota cited the higher yen as the reason for the increase.
+    Prices on some models will not be increased, Toyota noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13390" NEWID="7869">
+<DATE>20-MAR-1987 13:40:30.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1918&#31;reute
+u f BC-ESSO-SAF-&lt;ESSF.PA>-YE   03-20 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSO SAF &lt;ESSF.PA> YEAR ENDED DEC 31 1986</TITLE>
+<DATELINE>    PARIS, March 20 -
+    </DATELINE><BODY>Net profit 305 mln francs vs 258 mln.
+    Net dividend 25 francs vs 20 francs.
+    Operating loss 696 mln francs vs 1.46 billion.
+    Note - The company, which is the French subsidiary of Exxon
+Corp. &lt;XON.N>, said its net profit result included the
+reintegration of 1.2 billion francs of provisions for exchange
+fluctuations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13391" NEWID="7870">
+<DATE>20-MAR-1987 13:40:59.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1920&#31;reute
+r f BC-PAN-AM'S-&lt;PN>-MAIN-UN   03-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN AM'S &lt;PN> MAIN UNIT TO REPORT SMALLER LOSS</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Pan Am Corp said its largest division,
+the Atlantic, will report a first quarter loss that will be
+substantially lower than that reported a year ago.
+    In the 1986 1st qtr, Pan Am reported a net loss of 118.4
+mln dlrs, which included foreign exchange losses of 19.3 mln.
+The company did not say how much the Atlantic division lost.
+    Pan Am also said it is encouraged by passenger traffic
+results so far this year as well as booking trends.
+    In January and February, the airline said total systemwide
+revenue passenger miles were up five pct and 11 pct,
+respectively, over the same months last year.
+    It also said that based on current trends, its largest
+division should report vastly improved second-quarter traffic
+compared to last year, which resulted in a load factor of 45.7
+pct for the second quarter of 1986.
+    Pan Am also said its principal subsidiary, Pan American
+World Airways, had a 1986 net loss of 469.3 mln dlrs, compared
+with a profit of 38.7 mln dlrs in 1985, which included a gain
+of 341 mln dlrs for the sale of its Pacific Division. It said
+the airline's operating loss for the year was 325.5 mln dlrs
+compared with a operating profit of 196.5 mln dlrs in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13392" NEWID="7871">
+<DATE>20-MAR-1987 13:41:29.07</DATE>
+<TOPICS><D>earn</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1921&#31;reute
+u f BC-COOK-&lt;CCF>-TO-POST-LO   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOK &lt;CCF> TO POST LOSS, SELL STAKE</TITLE>
+<DATELINE>    CLEVELAND, OHio, march 20 - </DATELINE><BODY>Cook United INc said it expects
+to report a loss a loss of 16 mln dlrs, before an extraordinary
+credit of 44 mln dlrs resulting from its Chapter 11
+reorganization, on sales of 217 mln dlrs for the year ended
+January 31, 1987.
+    For 1986, Cook reported a loss of 30.8 mln dlrs on sales of
+257 mln dlrs for the prior year.
+    Cook also said it began preliminary talks with private
+investors looking to buy a stock position in order to provide
+Cook with additional cash and assist its posture in its
+negotation with its banks.
+    Cook is negotiating with its bank lenders and private
+sources for a borrowing facility to relieve its current working
+capital requirements.
+    Cook said it believes the reasons for its losses since
+OCtober have been identified and are mostly non-recurring.
+    Shutting down 12 unprofitable stores since November has   
+effectuated cost controls and improved merchandising, it said.
+    It anticipates the turnaround will contine and that
+profitability with be restored. Cook now operates a total of 29
+stores.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13393" NEWID="7872">
+<DATE>20-MAR-1987 13:41:47.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1924&#31;reute
+b f BC-ENDOTRONICS-&lt;ENDO>-TA   03-20 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENDOTRONICS &lt;ENDO> TARGET OF INVESTIGATION</TITLE>
+<DATELINE>    MINNEAPOLIS, March 20 - </DATELINE><BODY>Endotronics Inc said it is the
+target of a formal private investigation by the Securities and
+Exchange Commission as well as the Federal Bureau of
+Investigation.
+    The company also said its independent accounts, Peat,
+Marwick, Mitchell and Co, served notice that its report on
+Endotronics' financial statements as of Sept 30, 1986 and for
+the year then ended should no longer be relied upon.
+    Endotronics said the notice from its accountants stated 
+"we cannot satisfy ourselves as to the true facts of the
+situation to a degree necessary to continue to be associated
+with such consolidated financial statements."
+    Endotronics recently reported that it was reviewing the
+need to establish a reserve for all or a portion of
+approximately 3,686,000 dlrs in overdue accounts receivable and
+to assess the impact, if any, on prior period financial
+statements in light of a dispute with one of its Japanese
+distributors over payment of the overdue accounts.
+    Endotronics said it was providing documentation to the
+Securities and Exchange Commission in connection with that
+agency's investigation.
+    It also said Michael Gruenberg resigned from the company's
+board of directors.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13394" NEWID="7873">
+<DATE>20-MAR-1987 13:45:09.31</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D><D>malaysia</D><D>france</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>un</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1928&#31;reute
+b f BC-CONFERENCE-FORMALLY-A   03-20 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UN CONFERENCE FORMALLY ADOPTS NEW RUBBER PACT</TITLE>
+<DATELINE>    GENEVA, March 20 - </DATELINE><BODY>A new International Natural Rubber
+Agreement, INRA, was formally adopted by a United Nations
+Conference today.
+    The new accord is due to replace the current one, which
+expires in October.
+    Conference chairman Manaspas Xuto of Thailand said the
+formal adoption represented "a historic moment."
+    The latest round of talks, which began March 9, represented
+the fourth attempt to negotiate a new INRA in nearly two years.
+Xuto described the negotiations as "by no means easy, and we
+often faced problems."
+    The new pact is due to enter into force provisionally when
+ratified by countries accounting for 75 pct of world net
+exports and 75 pct of net imports.
+    The new INRA will enter into force definitively when
+governments accounting for at least 80 pct of net exports and
+80 pct of net imports have ratified it.
+    It will be open for signature from May 1 to December 31
+this year.
+    It is expected that provisional entry into force will take
+at least 12 to 14 months from now, delegates said.
+    During the hiatus between the two agreements buffer stock
+operations will be suspended, but the International Natural
+Rubber Council will remain in place.
+    Xuto told the conference both the 1979 agreement and its
+successor were aimed at meeting the needs of producers and
+consumers of natural rubber over the long term.
+    Both had interest in stabilising prices and supplies, Xuto
+added. He also praised "the spirit of 'give' and 'take' that
+prevailed throughout this session."
+    Ahmed Farouk of Malaysia, speaking on behalf of producers,
+said the conclusion of the new pact showed that the mutuality
+of interests between producers and consumers is now as valid as
+it was when negotiations of the first agreement began in the
+1970s.
+    Farouk said the ability to manage inventories on the basis
+of predictable stable prices is "a vital consideration for
+multinational tire companies, whether or not consuming
+countries as a whole claimed to be no longer so seriously
+concerned about security of the rubber supply."
+    He said producers considered that the 1979 agreement had
+served the purpose for which it was created.
+    Farouk urged consuming countries to promote early accession
+to the new pact "to avoid an undue gap between the old and the
+new.
+    Gerard Guillonneau of France, speaking for consumers,
+agreed that the 1979 agreement had worked relatively well.
+    But as economic conditions had changed, he said, consumers
+had been led to make proposals for improving its functioning.
+    He added that the adoption of the new agreement "attests to
+the importance of rubber and confidence in the rubber industry."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13395" NEWID="7874">
+<DATE>20-MAR-1987 13:46:07.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1930&#31;reute
+u f BC-ADVANCED-INSTITUTIONA   03-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED INSTITUTIONAL &lt;AIMS> CUTS WORKFORCE</TITLE>
+<DATELINE>    SYOSSET, N.Y., March 20 - </DATELINE><BODY>Advanced Institutional Management
+Software Inc said it has cut its workforce to 53 from 74 and
+closed its Atlanta office to cut expenses and improve
+profitability.
+    The company said it is also in the process of reducing its
+office space in four of its six offices nationwide.
+    Advanced also said it has named executive vice president
+Steven B. Sheppard chief operating officer.
+    The company said president and chief executive officer
+Morris Moliver had been chief operating officer as well.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13396" NEWID="7875">
+<DATE>20-MAR-1987 13:46:46.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1931&#31;reute
+r f BC-SUN-STATE-SAVINGS-&lt;SS   03-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN STATE SAVINGS &lt;SSSL> SEES HIGHER EARINGS</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 20 - </DATELINE><BODY>Sun State Savings and Loan
+expects to report an earnings increase this year over 1986,
+Chairman Edward Janos told shareholders at the company's annual
+meeting.
+    In a statement, Janos said core earnings are expected to
+average 1.5 mln dlrs per quarter, or six mln dlrs for the year,
+while sales of real estate joint ventures will add another five
+mln during the year.
+    In 1986, Sun State reported earnings of 9,427,000 dlrs, or
+2.05 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13397" NEWID="7876">
+<DATE>20-MAR-1987 13:47:25.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1932&#31;reute
+u f BC-ATT-&lt;T>-CHAIRMAN-SAYS   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> CHAIRMAN SAYS DIVIDEND WILL NOT BE CUT</TITLE>
+<DATELINE>    BOSTON, March 20 - </DATELINE><BODY>American Telephone and Telegraph Co does
+not plan to reduce its regular quarterly dividend of 30 cts a
+share on its common stock, said James E. Olson, chairman.
+    "It has been the intent to set the dividend at a level so
+that it could be sustained through the ups and downs of the
+business cycle," Olson told a meeting of securities analysts.
+    "We see no reason to change that policy," he said.
+    Although ATT will maintain its current dividend, Olson said
+the company wants to decrease the percentage of earnings paid
+in dividends by increasing earnings.
+    Industry analysts had speculated that ATT might cut its
+common dividend, especially after the company posted a fourth
+quarter net loss of 1.17 billion dlrs and earned only five cts
+a share for the full year.
+    The loss included a one-time restructuring charge of 1.7
+billion dlrs.
+    Olson said he expects ATT's cash flow to remain strong
+despite the poor earnings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13398" NEWID="7877">
+<DATE>20-MAR-1987 13:47:34.39</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1933&#31;reute
+u f AM-bolivia   03-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR TIN CENTERS PARALYSED BOLIVIA UNION SAYS</TITLE>
+<DATELINE>    LA PAZ, March 20 - </DATELINE><BODY>A strike by 9,000 miners employed by the
+state corporation Comibol has paralysed tin production in the
+major centers of Huanuni, Corocoro, Siglo, Catavi and Colquiri,
+the Conflicts Secretary of the Bolivian Miners Federation,
+Cristobal Aranibar, told Reuters.
+     The strike began at midnight to press demands for higher
+wages and more funds for the nationalised mining industry.
+     The miners federation left the door open to negotiations
+with the government but "only if the authorities show their
+intention to find solution to our demands", Aranibar said.
+    The government of president Victor Paz Estenssoro, faced
+with mounting social unrest against its economic policies, has
+said the miners strike was part of a campaign to discredit it
+during the visit of West German president, Richard von
+Weizsaecker, who arrives today for a four-day official visit.
+    The government froze salaries as part of its efforts to
+pull Bolivia out of a deep economic crisis. According to
+central bank forecasts inflation will reach an annual 10 pct
+rate versus up to 20,000 pct in 1985.
+     In addition to the miners' strike, about 1,000 railway
+factory workers of the bolivian labour organization (COB) began
+a second day of a hunger strike in the country's main cities to
+press for substantial wage increases, a union leader said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13399" NEWID="7878">
+<DATE>20-MAR-1987 13:48:22.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1936&#31;reute
+b f BC-******ECHLIN-INC-2ND   03-20 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ECHLIN INC 2ND QTR SHR 24 CTS VS 20 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13400" NEWID="7879">
+<DATE>20-MAR-1987 13:49:34.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1938&#31;reute
+r f BC-hiramwalker   03-20 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-LYONS SEES HIRAM WALKER PROFITS RISING</TITLE>
+<DATELINE>    TORONTO, March 20 - </DATELINE><BODY>&lt;Allied-Lyons PLC> sees rising profits
+from 51-pct-owned liquor producer Hiram Walker-Gooderham and
+Worts in the current fiscal year ending in early March, 1988,
+chairman Derrick Holden-Brown said in a speech prepared for
+delivery to Toronto analysts.
+    "We anticipate that Hiram Walker profits will be well above
+those of the plateau years," he said, referring to the four
+years up to 1985.
+    "In other words, we will have regained the 1985 position
+and improved on it," Holden-Brown said.
+    Allied-Lyons won control of Hiram Walker-Gooderham last
+year in a battle against Gulf Canada Corp, which finally got a
+49 pct stake after an out-of-court settlement.
+    Hiram Walker Resources Ltd, the previous owner, reported
+liquor profits of 282 mln Canadian dlrs in the fiscal year
+ending Sept. 30, 1985, 278 mln dlrs in 1984, 267 mln in 1983,
+294 mln in 1982 and 280 mln in 1981.
+    Holden-Brown said Allied-Lyons' financial results for the
+fiscal year just ended March seven would include three months
+of Hiram Walker-Gooderham profits, but he did not provide
+actual figures.
+    He said Hiram Walker-Gooderham's profit improvement in the
+current year will come from a previously announced
+reorganization put into effect March 1, 1987 and a close
+partnership with Allied-Lyons' existing Allied Vintners
+division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13401" NEWID="7880">
+<DATE>20-MAR-1987 13:51:09.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1942&#31;reute
+u f BC-ECHLIN-INC-&lt;ECH>-2ND   03-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECHLIN INC &lt;ECH> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    BRANFORD, Conn., March 20 -
+    </DATELINE><BODY>Shr 24 cts vs 20 cts
+    Net 11,784,000 vs 8,302,000
+    Rev 269.1 mln vs 211.9 mln
+    Six months
+    Shr 48 cts vs 40 cts
+    Net 23,191,000 vs 16,556,000
+    Rev 517.5 mln vs 429.3 mln
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13402" NEWID="7881">
+<DATE>20-MAR-1987 13:52:14.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1945&#31;reute
+b f BC-******AMERICAN-CAN-SE   03-20 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN CAN SEES HIGHER 1ST QTR, YR NET
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13403" NEWID="7882">
+<DATE>20-MAR-1987 13:53:34.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1950&#31;reute
+b f BC-******DST-SYSTEMS-INC   03-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DST SYSTEMS INC SAYS ITS PRESIDENT DIED OF A HEART ATTACK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13404" NEWID="7883">
+<DATE>20-MAR-1987 13:54:01.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1952&#31;reute
+r f BC-hudson's-bay-co-4th-q   03-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;HUDSON'S BAY CO> 4TH QTR NET</TITLE>
+<DATELINE>    Toronto, March 20 - </DATELINE><BODY>ended January 31
+    Oper shr profit 3.98 dlrs vs profit 4.35 dlrs
+    Oper net profit 123.6 mln vs profit 108.3 mln
+    Revs 1.88 billion vs 1.76 billion
+    Year
+    Oper shr profit 32 cts vs loss 1.23 dlrs
+    Oper net profit 33.0 mln vs loss 9,055,000
+    Revs 5.69 billion vs 5.27 billion
+    Note: 1986 excludes writeoff of 40.4 mln dlrs, primarily
+due to investment in Dome Petroleum Ltd &lt;DMP>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13405" NEWID="7884">
+<DATE>20-MAR-1987 13:56:03.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1957&#31;reute
+r f BC-gendis   03-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GENDIS INC> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    WINNIPEG, Manitoba, March 20 -
+    </DATELINE><BODY>Shr 53 cts vs 61 cts
+    Net 9,909,000 vs 11,489,000
+    Revs 185.9 mln vs 161.5 mln
+    Year
+    Shr 1.20 dlrs vs 1.37 dlrs
+    Net 22,522,000 vs 25,667,000
+    Revs 588.5 mln vs 521.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13406" NEWID="7885">
+<DATE>20-MAR-1987 13:56:37.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1959&#31;reute
+u f BC-DST-SYSTEMS-&lt;DSTS>-PR   03-20 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DST SYSTEMS &lt;DSTS> PRESIDENT DIES</TITLE>
+<DATELINE>    KANSAS CITY, MO., March 20 - </DATELINE><BODY>DST Systems Inc said its
+president and director, Robert L. Gould, died of an apparent
+heart attack.
+    It said his duties will be assumed by Thomas McDonnell, the
+company's chief executive officer.
+    Mr. Gould had served as president and chief operating
+officer since October, 1984.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13407" NEWID="7886">
+<DATE>20-MAR-1987 13:57:01.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1960&#31;reute
+h f BC-GREAT-AMERICAN-FIRST   03-20 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT AMERICAN FIRST SAVINGS &lt;GTA> OPENS UNITS</TITLE>
+<DATELINE>    TUCSON, Ariz., March 20 - </DATELINE><BODY>Great American First Savings Bank
+Arizona said it has opened four new branches located in Fry's
+Food Stores.
+    The branches are all in the Tucson area.
+    Great American opened nine branches in Fry's Food Stores in
+1986 and opened two earlier this year.
+    The company said two more will open next week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13408" NEWID="7887">
+<DATE>20-MAR-1987 13:57:23.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1961&#31;reute
+w f BC-&lt;BIFLYX>-2ND-QTR-DEC   03-20 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BIFLYX> 2ND QTR DEC 31 NET</TITLE>
+<DATELINE>    GARDEN GROVE, Calif., March 20 -
+    </DATELINE><BODY>Shr nil vs nil
+    Net profit 24,000 vs loss 66,000
+    Revs 235,000 vs 93,000
+    Six mths
+    Shr nil vs nil
+    Net profit 40,000 vs loss 153,000
+    Revs 394,000 vs 99,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13409" NEWID="7888">
+<DATE>20-MAR-1987 13:58:34.25</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1964&#31;reute
+b f BC-IBC-PRESIDENT-LEAVES   03-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC PRESIDENT LEAVES FOR PRODUCER MEETING - IBC</TITLE>
+<DATELINE>    SAO PAULO, March 20 - </DATELINE><BODY>Jorio Dauster, president of the
+Brazilian Coffee Institute, IBC, left Brazil early today to
+attend a weekend meeting of Latin American coffee producers in
+Managua, an IBC official said.
+    Carlos Brasil, an adviser to the IBC president, said
+Dauster had left Rio de Janeiro for Managua early this morning.
+    There were rumours on the London coffee market earlier
+today that Dauster would not attend the meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13410" NEWID="7889">
+<DATE>20-MAR-1987 13:58:44.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1965&#31;reute
+r f BC-BANCO-DI-ROMA-UNIT-AR   03-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCO DI ROMA UNIT ARRANGES EURO-PAPER PROGRAM</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>Banco di Roma (London branch) has
+arranged a 200 mln dlr nominal Euro-commercial paper program,
+Swiss Bank Corporation International Ltd said as sold dealer.
+    The borrower will be able to issue paper with maturities of
+seven to 365 days in other avialable currencies, such as
+European Currency Units. However, it could not issue sterling
+commercial paper because Bank of England rules prohibit an
+issuer of certificates of deposit to issue paper denominated in
+stg. Banco di Roma (London branch) has a certificate of deposit
+program in the market under which the securities are traded.
+The program will be aimed at end investor placement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13411" NEWID="7890">
+<DATE>20-MAR-1987 13:59:08.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1967&#31;reute
+u f BC-SPANISH-COAL-MINERS-C   03-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH COAL MINERS CALL STRIKES OVER LAYOFFS</TITLE>
+<DATELINE>    MADRID, March 20 - </DATELINE><BODY>Miners at Spain's state-owned Hulleras
+del Norte S.A. (Hunosa) coal company have called a 72-hour
+strike starting on Monday to protest against a restructuring
+plan that entails layoffs, union sources said.
+    They said more stoppages would follow in coming weeks.
+    The unions rejected a company compromise proposal to extend
+the period of the restructuring plan to four years instead of
+two and said there should be no job losses.
+    The company wants to shed some 2,000 jobs and start cutting
+back on production to help boost productivity by five pct
+yearly to the year 2000.
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13412" NEWID="7891">
+<DATE> 20-MAR-1987 14:00:27.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1971&#31;reute
+d f BC-MOUNTAIN-VIEW-ACQUIRE   03-20 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOUNTAIN VIEW ACQUIRES MARATECH COMMUNICATIONS</TITLE>
+<DATELINE>    GOLDEN VALLEY, MINN., March 20 - </DATELINE><BODY>(Mountain View Investment
+Corp), Phoenix, Ariz., said it acquired Maratech Communications
+Cos Inc.
+    Under terms of the transaction, the present directors of
+Mountain View have resigned and have elected directors of
+Maratech as new directors of Mountain View.
+    It said a combined shareholders' meeting will soon be held
+to vote on the acquisition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13413" NEWID="7892">
+<DATE>20-MAR-1987 14:01:58.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE><D>petricioli</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1974&#31;reute
+u f BC-MEXICO-WARNS-OF-WORSE   03-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO WARNS OF WORSENING THIRD WORLD DEBT WOES</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>High interest rates, sluggish global
+economic growth and creeping protectionism are deepening the
+third world debt crisis, senior Mexican officials said.
+    Finance minister Gustavo Petricioli said today's signing of
+a 76 billion dlr new-loan and rescheduling package for Mexico
+was the most comprehensive and far-reaching effort in debt
+management yet achieved for a sovereign borrower.
+    But, in remarks prepared for the signing ceremony, he
+warned against complacency. "The debt problem is not solved. If
+anything, it has been exacerbated by recent events."
+    "The inequities of the international economic environment
+conspire against the welfare and stability of developing
+countries," Petricioli added. The debt problem will not be
+solved unless developing countries are allowed to grow, he
+argued. "There will be no solution without the further
+development of trade throughout the world.".
+    Director of public credit Angel Gurria told reporters that
+Mexico's economy should resume growth this year, but he said
+external conditions are not favorable. Latin America is
+grappling with adverse terms of trade, for instance, as
+underlined by the recent slide in coffee prices.
+    Interest rates remain unacceptably high in real terms,
+Gurria added. "Inflation has literally disappeared from the
+face of the earth in the industrialized world, but interest
+rates are still near seven pct."
+    Industrial powers must also improve the coordination of
+their economic policies to boost unacceptably low growth rates
+and to keep export markets open, said Gurria, who is Mexico's
+chief debt negotiator.
+    The officials also had a blunt warning for those banks that
+refuse to participate in the loan package: Do not expect to get
+much business with Mexico in the future.
+    About 60 of Mexico's 430 or so creditor banks worldwide
+have still to join the loan, but four more acceptances were
+received today, according to senior Citibank executive William
+Rhodes, who is co-chairman of Mexico's advisory committee.
+    "Those who supported us today can be sure that Mexico will
+continue to be open and willing to share with them the business
+opportunities which its future growth will create.
+    "Those few who have denied their responsibility have turned
+their backs on this remarkable effort of international
+cooperation, on the financial system and on their enlightened
+colleagues," Petricioli said.
+    One way that Mexico could punish recalcitrant banks would
+be to deny, or at least slow down, applications to convert
+Mexican debt into equity investments within the country.
+    "We will be a lot more expeditious in processing the
+requests of banks that have supported us," Gurria said, adding,
+"We have long memories."
+    Debt-equity conversions are an attractive way for banks to
+provide clients with subsidized pesos for investment in Mexico
+and to collect handsome brokerage fees or reduce their own
+Mexican exposure in the process.    
+    The growing popularity of the scheme was underlined this
+week when American Express Bank, which has joined the new
+Mexican package, said it plans to convert 100 mln dlrs of its
+own loans into an equity stake in hotel projects in Mexico.
+    Mexico halted the debt-equity program on Feb. 25 to force
+banks to concentrate on wrapping up the financing pakcage, and
+Gurria said it would resume once the first part of the six
+billion dlr loan that forms the core of the deal is disbursed.
+    The loan is now 99 pct subscribed. Gurria said Mexico hopes
+to close the books by the middle of April in time for a
+drawdown by the end of April.
+    Although the agreements were signed in the sumptuous
+surroundings of a midtown Manhattan hotel, the atmosphere of
+the signing ceremony was rather subdued, with bankers and
+officials showing little of the elation and relief that
+normally follows the conclusion of a mammoth deal.
+    After five months of arduous work syndicating the loan,
+debt fatigue was apparent and the talk was of ways to make the
+financing process less cumbersome.
+    "This (package) has been harder than all the others... I
+hope we find a way that's not so debilitating for the people
+who have to put them together," Gurria said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13414" NEWID="7893">
+<DATE>20-MAR-1987 14:02:38.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1978&#31;reute
+u f BC-AMERICAN-CAN-&lt;AC>-SEE   03-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CAN &lt;AC> SEES HIGHER YEAR NET</TITLE>
+<DATELINE>    NEW YORK , March 20 - </DATELINE><BODY>American Can Co chairman Gerald Tsai
+said the company will record higher earnings in the first
+quarter and for the full year.
+    Addressing analysts, Tsai said "First quarter results have
+been extremely encouraging and results for all of 1987 will
+show significant improvement over 1986."
+    American Can earned 196.3 mln dlrs, or 3.21 dlrs per share,
+adjusted for a two-for-one stock split, in 1986.
+    In the 1986 first quarter, the company reported net income
+of 67.5 mln dlrs, including one-time gains from sale of assets,
+or 2.30 dlrs per share, before the stock adjustment.
+    In the 1987 first quarter, American Can will record a
+one-time gain of 28 cts per share from the sale of shares in
+its Musicland Group subsidiary. The gain is slightly higher
+than the expected gain the company predicted in February
+because additional shares of the unit were sold.
+    In response to a question, Tsai said American Can's
+investment in Jefferies and Co is "very small".
+    "We treat it as just another passive investment," he said.
+According to press reports, American Can owns 20 pct of
+Jefferies and is its largest single shareholder.
+    Yesterday, Boyd Jefferies, chairman and founder of the
+brokerage firm bearing his name, resigned from the firm and
+said he would plead guilty to two felony charges for breaking
+securities laws.
+    Responding to another question, Tsai said AIDS-related
+claims were a small portion of claims made with American Can's
+insurance subsidiaries in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13415" NEWID="7894">
+<DATE>20-MAR-1987 14:03:18.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1982&#31;reute
+s f BC-CENTRAL-BANKING-SYSTE   03-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANKING SYSTEM INC &lt;CSYS> QTLY DIVIDEND</TITLE>
+<DATELINE>    SAN FRANCISCO, March 20 -
+    </DATELINE><BODY>Qtly div ten cts vs ten cts
+    Pay April 15
+    Record April 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13416" NEWID="7895">
+<DATE>20-MAR-1987 14:03:41.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1984&#31;reute
+r f BC-CHARTER-CRELLIN-&lt;CRTR   03-20 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARTER-CRELLIN &lt;CRTR> TO ACQUIRE SEBRO PLASTICS</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Charter-Crellin Inc said it signed a
+letter of intent to acquire all outstanding shares of &lt;Sebro
+Plastics Inc's> capital stock.
+    Charter-Crellin, a molded plastic product maker, said Sebro
+is a precision molder of engineered specialty plastic products
+for the automotive industry.
+    The company said the deal is subject to the execution of a
+definitive purchase agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13417" NEWID="7896">
+<DATE>20-MAR-1987 14:05:08.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1991&#31;reute
+u f BC-NEW-YORK-STATE-ELECTR   03-20 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK STATE ELECTRIC &lt;NGE> ENDS ACQUISITION</TITLE>
+<DATELINE>    BINGHAMTON, N.Y., March 20 - </DATELINE><BODY>New York State Electric and
+Gas Corp said it has terminated its effort to acquire Corning
+Natural Gas Corp.
+    It cited as reasons the uncertain regulatory climate in New
+York State and the depresed price of New York State Electric
+stock which has been caused by the delay in the Nine Mile Point
+Unit Two nuclear plant.
+    The company had said in December that it had been
+interested in acquiring Corning Natural Gas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13418" NEWID="7897">
+<DATE>20-MAR-1987 14:05:51.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1997&#31;reute
+u f BC-blackhawk   03-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLACK HAWK MINING CAN'T EXPLAIN STOCK RISE</TITLE>
+<DATELINE>    TORONTO, March 20 - </DATELINE><BODY>&lt;Black Hawk Mining Inc> said it knows
+of "no major activities" to account for the recent rise in the
+company's stock price.
+    The shares rose 11 cts to 88 cts on the Toronto Stock
+Exchange yesterday.
+    The company added that its application for its proposed
+acquisition of &lt;Platinova Resources Ltd> and financings are
+still before the listing committee of the stock exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13419" NEWID="7898">
+<DATE>20-MAR-1987 14:06:05.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1998&#31;reute
+r f BC-SEAGRAM-&lt;VO>-UNIT-REA   03-20 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEAGRAM &lt;VO> UNIT REALIGNING OPERATIONS</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Seagram Co Ltd's Joseph E. Seagram and
+Sons Inc said it is realigning its Fine Wine operations
+following last week's sale of its medium-priced table wines
+business.
+    Seagram Vintners, the entity under which all fine wine
+operations were group, is being dissolved, the company said.
+The Seagram Classic Wine Co will move its operations to the
+West Coast, the company said.
+    Seagram Chateau and Estate Wines Co will continue to be
+headquartered in New York, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13420" NEWID="7899">
+<DATE>20-MAR-1987 14:09:00.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2006&#31;reute
+u f AM-AIRLINES   03-20 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATOR WANTS STRONGER AIR MERGER REGULATION</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The chairman of the Senate antitrust
+subcommittee said the Transportation Department was allowing
+too many airline mergers and proposed its authority be
+transfered to the Justice Department.
+    "The Transportation Department's antitrust enforcement has
+been disastrous, permitting rampant merger mania," Ohio
+Democrat Howard Metzenbaum said in a statement.
+    "The nine largest airlines now control 94 per cent of the
+market. That's bad for competition and bad for the consumer,"
+he said.
+    Metzenbaum said he introduced a bill to transfer antitrust
+authority over airline mergers to the Justice Department in
+hopes it would more restrictive than the Transportation
+Department.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13421" NEWID="7900">
+<DATE>20-MAR-1987 14:09:22.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2008&#31;reute
+r f BC-SHARPER-IMAGE-CORP-SE   03-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHARPER IMAGE CORP SETS STOCK OFFERING</TITLE>
+<DATELINE>      SAN FRANCISCO, March 20 - </DATELINE><BODY>Sharper Image Corp said it
+registered with the Securities and Exchange Commission to offer
+1,445,000 shares of its common stock.
+    The offering would be comprised of 1.2 mln shares of newly
+issued stock and 245,000 shares offered by certain selling
+shareholders.
+    Net proceeds would be used to finance the opening of new
+stores and for working capital.
+    The offering is scheduled for April and would be
+underwritten by a group managed by L.F. Rothschild, Unterberg,
+Towbin Inc and Dean Witter Reynolds Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13422" NEWID="7901">
+<DATE>20-MAR-1987 14:13:06.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2016&#31;reute
+r f BC-GPU-&lt;GPU>-SEES-TMI-2   03-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GPU &lt;GPU> SEES TMI-2 FUEL PROBLEMS RESOLVED</TITLE>
+<DATELINE>    PARSIPPANY, N.J., March 20 - </DATELINE><BODY>General Public Utilities Corp
+said the water-clarity problem delaying the removal of fuel
+from the damaged Unit Two of the Three Mile Island nuclear
+power plant appears to have been resolved.
+    The company said the slower than expected removal of the
+fuel, which has been primarily due to the water-clarity
+problems, is now expected to extend fuel removal into 1988.
+    A spokesman said the company had previously expected this
+to be completed by the end of 1987 and has not estimated how
+far into 1988 the process will extend. It still expects to
+complete the entire clean-up by the end of 1988, he added.
+    GPU said its auditors, Coopers and Lybrand, again qualified
+its opinion of GPU's financial statements, adding the recovery
+of TMI-2 decommissioning costs to the unresolved issues leading
+to the qualified opinion.
+    GPU said its operating subsidiaries will seek to recover
+the costs of decommissioning TMI-2 in future rate proceedings.
+    As in past years, the qualified opinion continues to list
+other uncertainties associated with the accident, which damaged
+TMI-2 -- the recovery of cleanup costs and any payments for
+damages that might exceed available insurance proceeds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13423" NEWID="7902">
+<DATE>20-MAR-1987 14:15:31.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2019&#31;reute
+r f BC-ECHLIN&lt;ECH>-EXPECTS-C   03-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECHLIN&lt;ECH> EXPECTS CONTINUED PROFIT GROWTH</TITLE>
+<DATELINE>    BRANFORD, Conn., March 20 - </DATELINE><BODY>Echlin Inc said it expects
+further earnings increases for the second half of fiscal 1987
+ending in August due to unit sales growth and improved
+operations.
+    "As expected, market conditions have improved so that
+demand for automotive replacement parts is gradually and
+steadily expanding," Echlin president Frederick Mancheski said.
+    Earlier, Echlin reported first half fiscal 1987, ended Feb
+28, earnings of 23.2 mln dlrs, or 48 cts a share, up from 16.6
+mln, or 40 cts a share, in the prior year's first half.
+    Also, Echlin said it had second quarter net income of 11.8
+mln dlrs, or 24 cts per share, compared with net income of 8.3
+mln dlrs, or 20 cts a share, in fiscal 1986's second quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13424" NEWID="7903">
+<DATE>20-MAR-1987 14:22:56.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2030&#31;reute
+u f BC-ATT-&lt;T>-COST-CUTTING   03-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> COST-CUTTING EFFORTS ON TARGET</TITLE>
+<DATELINE>    BOSTON, March 20 - </DATELINE><BODY>American Telephone and Telegraph Co
+chairman James E. Olson said he is very pleased with the
+company's efforts so far to cut costs.
+    He told a meeting of securities analysts that, although the
+company is not yet at point in its cost-cutting drive to
+improve profit margins, it is "on the right track."
+    Olson said ATT's cash flow was "very strong in the first
+two months of the year, better than budgeted."
+    While Olson does not know if the company's earnings and
+revenues will improve by yearend, he said ATT is "moving in the
+proper direction."
+    For 1986, ATT's earnings dropped to 139 mln dlrs, or five
+cts a share, on revenues of 34.1 billion dlrs, from 1.56
+billion dlrs, or 1.37 dlrs a share, on revenues of 34.4 billion
+dlrs in 1985.
+    During 1986 ATT took 3.2 billion dlrs in charges from
+expenses related to reducing its work force by 32,000.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13425" NEWID="7904">
+<DATE>20-MAR-1987 14:23:57.72</DATE>
+<TOPICS><D>earn</D><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2033&#31;reute
+r f BC-HUDSON'S-BAY-WRITEOFF   03-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUDSON'S BAY WRITEOFF MAINLY DUE TO DOME STAKE</TITLE>
+<DATELINE>     Toronto, March 20 - </DATELINE><BODY>&lt;Hudson's Bay Co> said a writeoff of
+40.4 mln dlrs, or 1.39 dlrs per share, that it took in 1986 was
+mainly due to its investment in Dome Petroleum Ltd &lt;DMP>.
+     The company reported an operating profit of 33.0 mln dlrs,
+or 32 cts per share, for fiscal 1986, compared to an operating
+loss of 9,055,000 dlrs, or 1.23 dlrs per share, in the previous
+year.
+     Hudson's Bay holds about four mln shares of Dome's 10 pct
+series one cumulative subordinate convertible preferred shares.
+    Last March, Dome suspended payment of dividends on all
+preferred shares until June 1, 1987. The shares give the holder
+the right to convert to Dome common shares at 3.33 dlrs per
+share.
+    Dome has the right to force conversion if Dome common
+reaches 3.885 dlrs per share. Dome is trading at 1.12 dlrs per
+share, down one ct, today on the Toronto Stock Exchange.
+    Hudson's Bay also said it had an increase in 1986 in retail
+operating profit to 185.3 mln dlrs from 111.4 mln dlrs, but
+that was partially offset by an increase of 14.9 mln dlrs in
+interest costs and 25.3 mln dlrs in taxes.
+     Hudson's Bay also said its Markborough properties
+subsidiary had an operating profit of 108.6 mln dlrs, up from
+98.8 mln dlrs the year before.
+    Profit from non-Markborough real estate was 23.5 mln dlrs
+in 1986, down from 27.6 mln dlrs a year ago.
+    Operating profit from natural resources was 4.2 mln dlrs,
+up 1.2 mln dlrs from the prior year. Pensions costs were
+reduced by 34.9 mln dlrs due to an accounting change. Total
+debt declined during the year by 251 mln dlrs to 2.28 billion
+dlrs and debt to equity ratio improved to 1.8 to one from 2.1
+to one.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13426" NEWID="7905">
+<DATE>20-MAR-1987 14:29:46.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f2049&#31;reute
+u f BC-CREDIT-LYONNAIS-SIGNS   03-20 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT LYONNAIS SIGNS USSR JOINT VENTURE PACT</TITLE>
+<DATELINE>    PARIS, March 20 - </DATELINE><BODY>French bank Credit Lyonnais said it
+signed a protocol of agreement with the Soviet Union to
+establish a joint financial group to help set up and finance
+joint ventures between the Soviet Union and western firms.
+    It said in a statement it signed the agreement here with
+the Soviet central bank (Gosbank) and foreign trade bank
+(Vneshtorgbank), following the announcement earlier today of a
+similar, but wholly separate, agreement between the Soviet
+Union and Banque de l'Union Europeenne.
+    No joint ventures have yet been finalised under January
+1987 Soviet laws enabling joint ventures although some
+protocols of intent aiming at their establishment have already
+been agreed between western firms and the Soviet Union.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13427" NEWID="7906">
+<DATE>20-MAR-1987 14:31:27.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2051&#31;reute
+d f AM-AMBASSADORS   03-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC HEAD NOMINATED U.S. AMBASSADOR TO NETHERLANDS</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>President Reagan is to nominate John
+Shad, chairman of the Securities and Exchange Commission, SEC,
+as ambassador to the Netherlands, the White House said today.
+    Shad, 63, a former executive with the Wall Street firm of
+E.F. Hutton and Co., would succeed L. Paul Bremer, now the
+State Department's chief counter-terrorism expert.
+    The White House also said that Reagan will nominate career
+diplomat Sol Polansky, 60, as ambassador to Bulgaria. Polansky
+previously served in Moscow, Poland, East Germany, Austria and
+other posts.
+    The nominations are subject to Senate approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13428" NEWID="7907">
+<DATE>20-MAR-1987 14:33:48.04</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2063&#31;reute
+u f BC-/JAPAN-OPENS-HOME-MAR   03-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN OPENS HOME MARKET TO U.S. FISH</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Japan has agreed to drop barriers to
+American-caught herring and pollock, opening the way for
+shipments that could reach 300 mln dlrs annually, U.S. Trade
+Representative Clayton Yeutter announced.
+    Yeutter said the accord was reached after extensive
+bilateral negotiations that ended earlier today in Tokyo.
+    He said the Commerce Department estimated U.S. shipments of
+processed pollock products and herring should rise to 85 mln
+dlrs this year and to more than 300 mln dlrs annually in later
+years.
+    There was no immediate assessment of the value of current
+U.S. shipments, but officials said the pact would lift quotas
+to the point that Americans would be able to ship nearly all
+the pollock and herring ordered by Japanese firms.
+    At the same time, Yeutter said Washington was temporarily
+suspending a complaint with the General Agreement on Tariffs
+and Trade (GATT) that Japan was unfairly curbing imports of the
+two fish.
+    He said the complaint would be reviewed later this year
+after an assessment to see if Japan lived up to the agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13429" NEWID="7908">
+<DATE>20-MAR-1987 14:36:29.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2074&#31;reute
+d f BC-FIRST-UNION-&lt;FUNC>-BA   03-20 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION &lt;FUNC> BANKS ELECTRONICALLY LINKED</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 20 - </DATELINE><BODY>First Union National Bank of
+Florida, a unit of First Union Corp, said it has electronically
+linked its Florida and North Carolina 24-hour banking machines.
+    The bank said the service, which starts April 15, will let
+First Union customers make withdrawals and balance inquiries at
+any of its locations in Florida and North Carolina.
+    "This link-up will give customers immediate access to their
+accounts without additional cost whether they are in Florida or
+in North Carolina," said B.J. Walker, vice chairman of First
+Union Corp and chairman, president and chief executive officer
+of First Union National Bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13430" NEWID="7909">
+<DATE>20-MAR-1987 14:37:42.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2078&#31;reute
+f f BC-******REAGAN-WILL-NOM   03-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REAGAN WILL NOMINATE SEC CHAIRMAN SHAD AS AMBASSADOR TO NETHERLANDS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13431" NEWID="7910">
+<DATE>20-MAR-1987 14:38:33.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2081&#31;reute
+f f BC-******AMERICAN-EXPRES   03-20 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS SAID IT GETS SEC SUBPOENA ON DEALINGS WITH FIREMAN'S FUND, AMERICAN EXPRESS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13432" NEWID="7911">
+<DATE>20-MAR-1987 14:40:53.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2087&#31;reute
+f f BC-******SHEARSON-LEHMAN   03-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SHEARSON LEHMAN GETS SEC SUBPOENA ON TRANSACTIONS WITH JEFFERIES AND OTHERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13433" NEWID="7912">
+<DATE>20-MAR-1987 14:49:15.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2112&#31;reute
+h f BC-FIRST-FINANCIAL-&lt;FFMC   03-20 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FINANCIAL &lt;FFMC> ACQUIRES TEL-A-DATA</TITLE>
+<DATELINE>    ATLANTA, March 20 - </DATELINE><BODY>First Financial Management Corp said it
+acquired the data processing contracts and certain related
+assets of Tel-A-Data L.P. for about 5.7 mln dlrs cash plus the
+assumption of certain liabilities of about 2.5 mln dlrs.
+    Tel-A-Data serves about 50 bank and thrift institutions
+through a processing center in Lombard, Illinois.
+    First Financial offers data processing services to over 800
+financial institutions through 35 data processing centers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13434" NEWID="7913">
+<DATE>20-MAR-1987 14:49:23.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2114&#31;reute
+s f BC-MCM-CORP-&lt;MCMC>-SETS   03-20 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCM CORP &lt;MCMC> SETS QUARTERLY</TITLE>
+<DATELINE>    RALEIGH, N.C., March 20 -
+    </DATELINE><BODY>Qtly div six cts vs six cts prior
+    Pay April 10
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13435" NEWID="7914">
+<DATE>20-MAR-1987 14:50:54.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2116&#31;reute
+d f BC-THACKERAY-CORP-&lt;THK>   03-20 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THACKERAY CORP &lt;THK> YEAR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 20 -
+    </DATELINE><BODY>Oper shr loss 22 cts vs loss 20 cts
+    Oper net profit 1,013,000 vs profit
+    2,219,000
+    Sales 77.0 mln vs 74.0 mln
+    Avg shrs 5,107,401 vs 5,361,793
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13436" NEWID="7915">
+<DATE>20-MAR-1987 14:50:58.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2117&#31;reute
+f f BC-******U.S.-FEB-BUDGET   03-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FEB BUDGET DEFICIT 28.37 BILLION DLRS VS YEAR AGO DEFICIT 24.58 BILLION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13437" NEWID="7916">
+<DATE>20-MAR-1987 14:53:38.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2124&#31;reute
+r f BC-GENISCO-TECHNOLOGY-&lt;G   03-20 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENISCO TECHNOLOGY &lt;GES> UNIT SETS PACT</TITLE>
+<DATELINE>    CYPRESS, Calif., March 20 - </DATELINE><BODY>Genisco Technology Corp's
+Genisco Peripheral Systems unit said it set a pact with
+Westward Technology Ltd, based in England, to exchange
+technology efforts and grant mutual distribution rights to a
+variety of computer graphics products.
+    Under the pact, Westard and Genisco will sell both
+companies' graphics products in Europe and the U.S.
+    The two companies will also swap equipment repair
+operations and expand their overall sales forces.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13438" NEWID="7917">
+<DATE>20-MAR-1987 15:01:02.35</DATE>
+<TOPICS><D>grain</D><D>rice</D><D>corn</D><D>cotton</D></TOPICS>
+<PLACES><D>usa</D><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2140&#31;reute
+u f BC-/CONCERN-OVER-"EL-NIN   03-20 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONCERN OVER "EL NINO" IN PERU - USDA REPORT</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>There are heightened fears that "El
+Nino" may be returning to Peru with an intensity approaching the
+1983 disaster, which affected the weather on several continents
+and caused widespread damage through floods and drought, the
+U.S. Agriculture Department's officer in Lima said in a field
+report.
+    Continued heavy rains in the northern coastal area,
+flooding of several major rivers and mud slides have led to
+increased concern, the report, dated March 17, said.
+    However, it said official sources still believe that this
+year's El Nino will have only weak to moderate intensity.
+    EL Nino is a phenomenon involving a shift in winds and
+waters in the pacific.
+    The USDA report said that so far the El Nino now being
+experienced has not had an overall negative impact on
+agricultural production.
+    Excessive rains in the Piura Pima cotton area may reduce
+yields by about 20 pct due to excessive growth too early in the
+crop cycle.
+    Also insect damage to crops could be more extensive where
+excessive moisture exists, it said.
+    However, the El Nino has resulted in a much improved supply
+of irrigation water in the major dams which will improve
+prospects for many crucial crops such as rice and corn, and
+slow the decline in sugar production, it said.
+    If El Nino picks up momentum, Peru's fishing industry could
+receive a setback. But trade sources still believe the fish
+catch for industrial processing will reach 5.5 mln tonnes in
+1987, almost 20 pct above last year, the report said.
+    Water temperatures in the northern fishing areas are three
+to four degrees centigrade above normal but still not high
+enough to drive the fish to cooler southern waters, it said.
+    It said there is still the outside chance that El Nino will
+intensify and carry on through late March, April and May
+causing problems as crops approach harvest.
+    "There appears to be no way to project the course of El Nino
+-- only time will tell," the report said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13439" NEWID="7918">
+<DATE>20-MAR-1987 15:01:21.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2141&#31;reute
+r f BC-allied-lyons-sees   03-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-LYONS SEES SUBSTANTIAL SECOND HALF GROWTH</TITLE>
+<DATELINE>    TORONTO, March 20 - </DATELINE><BODY>&lt;Allied-Lyons PLC> will report
+substantial growth in the second half of fiscal 1987 ended
+March 7, chairman Derrick Holden-Brown said in answer to
+reporters' queries.
+    "You will certainly see substantial growth in Allied-Lyons
+in the second half," Holden-Brown said following a presentation
+to Toronto securities analysts.
+    Holden-Brown declined to say whether second half growth in
+profit before taxes would exceed the 20.7 pct rise reported in
+the first half. Allied-Lyons had first half profit of 148.0 mln
+stg, up from 122.6 mln stg in the prior year.
+    Allied-Lyons will also have a full year extraordinary cost
+of slightly more than seven mln stg for defence costs
+associated with Elders IXL Ltd's failed take-over bid for the
+company, Holden-Brown also said.
+    But that cost will be more than offset by an extraordinary
+gain of about 60 mln stg on Allied-Lyons' sale of its 24.9 pct
+interest in Australian brewers Castlemaine Toohey, he said.
+    "So with Australians, you win some and you lose some. But
+hopefully you win them all in the end," Holden-Brown said.
+    Asked if he thought Allied-Lyons is vulnerable to other
+take-over attempts, Holden-Brown replied: "No, I don't."
+    "We must never be complacent and we must always be very
+watchful, but I think we would be very expensive," he said.
+    Holden-Brown said Allied-Lyons' share price to corporate
+earnings ratio is now comparable with other leading companies
+in the food and beverage industry.
+    "That was not the case two years ago. If the Australians had
+come a little bit earlier, they might have had more luck, I
+think," Holden-Brown said.
+    Holden-Brown said Allied-Lyons' move to acquire Hiram
+Walker-Gooderham and Worts Ltd in March, 1986 during Elders
+take-over bid for the company was "100 pct a growth action."
+    "We knew when we did it that it could be misconstrued, and
+that people almost inevitably would say (the acquisition was)
+defensive, but it never was," Holden-Brown told reporters.
+    Asked by securities analysts if Allied-Lyons plans a share
+issue in Canada after acquiring a 51 pct interest in Hiram
+Walker, Holden-Brown responded: "Plan might be too strong a
+word. But I must say I do feel the need for Allied-Lyons to be
+better known in Canada."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13440" NEWID="7919">
+<DATE>20-MAR-1987 15:01:24.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2142&#31;reute
+b f BC-******FIRST-INTERSTAT   03-20 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST INTERSTATE BANCORP FILES SHELF REGISTRATION FOR 1.5 BILLION DLRS IN DEBT SECURITIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13441" NEWID="7920">
+<DATE>20-MAR-1987 15:02:38.24</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2149&#31;reute
+f f BC-cold-storage   03-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FROZEN ORANGE JUICE STOCKS - MARCH 1  102,618,000 GALLONS VS 97,111,000 YEAR AGO
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13442" NEWID="7921">
+<DATE>20-MAR-1987 15:02:58.67</DATE>
+<TOPICS><D>livestock</D><D>pork-belly</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2151&#31;reute
+f f BC-cold-storage   03-20 0023</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. COLD STORAGE STOCKS - MARCH 1 FROZEN PORK BELLIES - LBS - 34,471,000, VS A REVISED 34,900,000 ON FEB 1 AND 51,218,000 A YEAR AGO.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13443" NEWID="7922">
+<DATE>20-MAR-1987 15:07:59.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2170&#31;reute
+r f BC-&lt;DRYCLEAN-USA>-YEAR-N   03-20 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DRYCLEAN USA> YEAR NET</TITLE>
+<DATELINE>    MIAMI, March 20 -
+    </DATELINE><BODY>Shr 82 cts vs 63 cts
+    Net 1,661,000 vs 1,251,000
+    Revs 14.8 mln vs 11.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13444" NEWID="7923">
+<DATE>20-MAR-1987 15:09:48.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2174&#31;reute
+b f BC-/U.S.-BUDGET-DEFICIT   03-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUDGET DEFICIT 28.37 BILLION DLRS IN FEB</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The U.S. budget was in deficit 28.37
+billion dlrs in February, up from a deficit of 24.58 billion
+dlrs in February, 1986, the Treasury Department said.
+    Last month's deficit compared with a January deficit of
+2.17 billion dlrs. For the fiscal year to date, the budget was
+in deficit by 93.92 billion dlrs, compared with 106.2 billion
+dlrs in the previous fiscal year, the Treasury said.
+    Outlays last month totaled 83.83 billion dlrs, more than
+the 77.95 billion dlrs of outlays in February a year ago but
+slightly down from 83.94 billion dlrs in January, the Treasury
+said.
+    Receipts were 55.46 billion dlrs last month, up from 53.37
+billion dlrs in February, 1986, but down from 81.77 billion
+dlrs in January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13445" NEWID="7924">
+<DATE>20-MAR-1987 15:10:54.68</DATE>
+<TOPICS><D>livestock</D><D>pork-belly</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2181&#31;reute
+b f BC-cold-stg-reaction   03-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLD STORAGE REPORT FOR BELLIES NEUTRAL/NEGATIVE</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders' immediate reaction to the cold storage report for pork
+bellies was neutral to slightly negative.
+    Frozen pork belly stocks at 34.5 mln lbs on March 1
+compared with a revised 34.9 mln lbs on February 1 for a net
+out movement of 0.5 mln lbs.
+    The number on hand compared with trade guesses of 33.5 to
+36 mln lbs and the year ago figure of 51.2 mln lbs.
+    Traders said the figure was toward the upper end of
+expectations and may provide slight downward pressure because
+of recent sharp gains in futures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13446" NEWID="7925">
+<DATE>20-MAR-1987 15:11:03.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2182&#31;reute
+b f BC-/AMERICAN-EXPRESS-&lt;AX   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS &lt;AXP> AND UNIT GET SUBPOENAS</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>American Express Co said it was
+subpoenaed by the Securities and Exchange Commission in
+connection with documents on transactions in securities of
+American Express and its former unit, Fireman's Fund.
+    American Express said its brokerage unit, Shearson Lehman
+Brothers Inc was also served with a subpoena. Shearson acted as
+co-manager in the underwriting of units of Fireman's common
+stock and warrants last May, was also served with a subpoena,
+it said.
+    American Express said the subpoena to Shearson relates to
+transactions with Jefferies and Co and others.
+    American Express said it and Shearson intend to comply with
+all requests from the SEC and to cooperate fully. American
+Express said neither company is aware of any unlawful conduct
+with respect to the matters and a thorough investigation is
+continuing.
+    American Express said the subpoenas were received
+yesterday, and that it and Shearson were unaware of any inquiry
+prior to receiving the subpoenas.
+    Yesterday, Boyd Jefferies, founder of Jefferies Group, said
+he agreed to plead guilty to two felony counts of securities
+violations.
+    Jefferies also settled charges with the Securities and
+Exchange Commission of market manipulation and another scheme
+with Ivan Boesky, who has settled SEC charges of insider
+trading.
+    Jefferies' firm was censured by the SEC and ordered to
+retain an outside consultant to review its procedures.
+    In documents filed on Jefferies yesterday, the SEC did not
+identify who was involved in the market manipulation scheme
+aside from Jefferies. It said "a certain issuer," which held
+controlling interest in a second public company, offered
+several mln shares of the company's common stock to the public
+in a secondary offering during 1986.
+    The SEC alleged that Boyd Jefferies carried out a scheme
+with an unidentified person to drive up the price of the second
+company's stock prior to the offering by having the Jefferies
+firm trade in the stock.
+    Jefferies and co was allegedly compensated for the loss
+from those trading activities after sending a fake invoice to
+another unnamed person, the government charged.
+    American Express first offered Fireman's Fund Corp's stock
+to the public in 1985. It lowered its holding from 100 pct to
+41 pct. In May, 1986, it reduced its ownership interest to 27
+pct by completing a public offering of nine mln units.
+    Each unit consisted of one share of common and one warrant
+to buy Fireman's fund. The warrants are exercisable from the
+issue date through March, 1989.
+    At the same time, American Express sold warrants directly
+to Fireman's Fund to purchase five mln shares. Those warrants
+are exercisable between November, 1988 and March 1991.
+    American Express said if all warrants were exercised it
+would own about 13 pct of Fireman's fund.
+    American Express stock fell 1-1/2, to 77-1/4 on volume of
+1.9 mln shares. The stock had been strong in the last two days,
+first on rumors, then an announcement of an understanding
+American Express reached to sell Nippon Life Insurance Co 13
+pct of Shearson.
+    Wall Street has also been anticipating American Express
+will sell a stake in the brokerage unit to the public as well.
+    E.F. Hutton analyst Michael Lewis said he does not believe
+the subpoenas will affect Nippon's deal with American Express,
+but it could result in a delay of the public offering
+anticipated for Shearson.
+
+    "If they're forced to keep a bigger percentage of Shearson
+a little longer...big deal. They're certainly not going to
+throw Shearson away. Shearson is still an attractive asset," he
+said.
+    American Express has not commented on speculation it would
+offer part of Shearson to the public, but it has said it was
+continuing to review options for the brokerage.
+    Analysts had speculated an offering of a part of Shearson
+would be forthcoming shortly.
+    "It puts a cloud over it for a while...The market is
+anxious to see them consumate whatever they were going to
+consumate," Lewis said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13447" NEWID="7926">
+<DATE>20-MAR-1987 15:13:29.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2195&#31;reute
+r f BC-S/P-UPGRADES-AMERICAN   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P UPGRADES AMERICAN SECURITY &lt;ASEC> AND UNIT</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Standard and Poor's Corp said it
+raised to A-1 from A-2 American Security Corp's commercial
+paper.
+    S and P also upgraded, to A and A-1 from BBB-plus and A-2
+respectively, the certificates of deposit of American
+Security's lead bank, American Security Bank N.A.
+    The rating agency said the actions reflected the firm's
+merger with what it termed a stronger Maryland National Corp,
+as well as American's improving performance. S and P said the
+merger would allow American Security to diversify its wholesale
+funding base.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13448" NEWID="7927">
+<DATE>20-MAR-1987 15:14:39.83</DATE>
+<TOPICS><D>earn</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2197&#31;reute
+d f BC-BALLY-&lt;BLY>-SEEN-SELL   03-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY &lt;BLY> SEEN SELLING OFF HEALTH UNIT</TITLE>
+<AUTHOR>    BY SUSAN ZEIDLER, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Bally Manufacturing Corp's proposed
+public offering of 24 pct of its Health and Tennis Corp unit is
+seen as the first step towards the sale of the entire unit,
+analysts said.
+    "In the longer-term horizon, Bally wants to concentrate on
+its gaming businesses," said analyst Dennis Forst of Seidler
+Amdec Securities Inc.
+    Last week, Bally said it was considering the sale of
+another non-casino unit, its Six Flags amusement park unit,
+which analysts said could fetch about 300 mln dlrs.
+    Bally spokesman Bill Peltier said "the company currently
+has no hard plans to the sell any more of the health club
+company, but in the long term we'll wait and see how the
+offering goes."
+    Once Bally's biggest revenue producer, the health club unit
+had 1986 operating income of 60 mln dlrs on revenues of 456.2
+mln dlrs, 28 pct of Bally's revenues. Analysts estimate the
+unit could be sold for for 300-500 mln dlrs.
+    Analysts said Bally's decision to offer shares in the unit
+could be the first step to selling it.
+    "It would seem obvious that an offering would decrease the
+health club unit's debt, increase its cash flow and operating
+income, making it an attractive buy to a third party," Steven
+Eisenberg of Bear Stearns said.
+    On Monday, Bally said it filed with the Securities and
+Exchange Commission for an initial offering of 24 pct, or 5.8
+mln shares, of the unit's common stock at 13-15 dlrs a share.
+   About half the proceeds, 40 mln dlrs, will be used to reduce
+parent Bally Manufacturing's debt which has swelled to 1.6
+billion dlrs due to recent hotel acquisitions and the purchase
+of shares from Donald Trump who had threatened a hostile
+takeover, according to Bally treasurer Paul Johnson.
+    Remaining proceeds from the stock offering and from a
+separate offering of 50 mln dlrs of 20-year convertible
+subordinated debt would be used to repay about 75 mln dlrs of
+short term senior bank debt of the health chain unit, a Bally
+spokesperson said.
+    Analysts said Bally's health club unit's profits have
+remained strong, but are skeptical about the industry's long
+range prospects.
+    "The fitness club industry, over the last 10 years, has
+grown tremendously, but the question is whether its a fad or a
+permanent part of our lifestyle," said Eisenberg of Bear
+Stearns.
+    Analysts said fitness clubs will likely flourish if the
+public stays at its peak of health consciousness, but that
+overcapacity is likely to occur as consumer enthusiasm wanes.
+     In addition, "the returns in the fitness club industry are
+just not as high as they are in the gaming industry," said one
+analyst.
+     There are about 6,500 fitness clubs in the U.S., excluding
+clubs run by not-for-profit organizations, according to the
+Association of Physical Fitness Centers who estimates it to be
+an 8.0-billion-dlr-a-year industry.
+     Asked if anyone has offered to buy the unit, which is the
+nation's largest health club chain, Peltier said, "no one has
+the money to offer to buy it."
+    "The fitness industry is a fragmented industry with no
+leader and there is a great opportunity for growth through
+acquisition and then standardization," said Wayne LaChapelle,
+chief financial officer of Livingwell INc &lt;WELL>, the nation's
+second largest fitness chain operator whih
+    LaChapelle said Livingwell is always interested in
+acquisition opportunities but "could not afford an acquisition
+the size of Bally at this time."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13449" NEWID="7928">
+<DATE>20-MAR-1987 15:14:54.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2198&#31;reute
+r f BC-COMMERCIAL-CREDIT-&lt;CC   03-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCIAL CREDIT &lt;CCC> UNIT SELLS DIVISION</TITLE>
+<DATELINE>    BALTIMORE, Md., March 20 - </DATELINE><BODY>Commercial Credit Co said its
+American Health and Life Insurance Co sold its ordinary life
+insurance business to American National Insurance Co &lt;ANAT>.
+    American National will assume the business no later than
+August 31, 1987, Commercial Credit said.
+    The sale is part of a restructuring program begun by
+Commercial Credit's subsidiary in late 1986, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13450" NEWID="7929">
+<DATE>20-MAR-1987 15:16:37.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2204&#31;reute
+f f BC-******MORGAN-STANLEY   03-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MORGAN STANLEY SAYS IT ENTERED MARKET ON CLOSE ORDERS TOTALING 1.1 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13451" NEWID="7930">
+<DATE>20-MAR-1987 15:18:29.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2212&#31;reute
+u f BC-DELTA-SAYS-COURT-ORDE   03-20 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTA SAYS COURT ORDER WILL NOT DELAY MERGER</TITLE>
+<DATELINE>    ATLANTA, March 20 - </DATELINE><BODY>Delta Air Lines &lt;DAL> said a court
+order requiring Western Air Lines &lt;WAL> to arbitrate with two
+of its unions will not delay the April 1 merger between the two
+airlines.
+    The order, which was issued by the Ninth Circuit Court of
+Appeals, requires Western to discuss with its two unions
+whether Western's labor contracts will be binding for Delta,
+Delta said.
+    "Nevertheless, the court order could cause significant
+personnel problems, including the possible delay of wage
+increases Delta had planned to give the Western personnel on
+April 1," Ronald Allen, Delta's president, said.
+    Delta said it feels the court has erred and should
+reconsider the order.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13452" NEWID="7931">
+<DATE>20-MAR-1987 15:21:16.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2218&#31;reute
+r f BC-OKC-&lt;OKC>-SAYS-APPEAL   03-20 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OKC &lt;OKC> SAYS APPEALS COURT UPHOLDS RULING</TITLE>
+<DATELINE>    DALLAS, March 20 - </DATELINE><BODY>OKC Limited Partnership said the Fifth
+Circuit U.S. Court of Appeals has affirmed a partial summary
+judgment renedered against it and for Phillips Petroleum Co &lt;P>
+by the U.S. District Court for the Eastern District of
+Louisiana. OKC said it plans to seek a rehearing.
+    The company said Phillips is due 21.5 mln dlrs plus
+interest to date under the trial court judgment, and OKC has
+14.0 mln dlrs in reserves set aside to cover the loss. It said
+it has made the necessary financial arrangements to provide for
+the total amount of the judgment.
+    OKC said the court found no support for OKC's contention
+that there was a mutual mistake between it and Phillips'
+Aminoil subsidiary that required the reforming of a farmout
+agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13453" NEWID="7932">
+<DATE>20-MAR-1987 15:21:45.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2220&#31;reute
+u f BC-CENTRUST-SAVINGS-&lt;DLP   03-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRUST SAVINGS &lt;DLP> TO RECAPITALIZE STOCK</TITLE>
+<DATELINE>    MIAMI, March 20 - </DATELINE><BODY>Centrust Savings Bank said it will
+recapitalize its common stock at the close of business today,
+converting each share of outstanding common into 0.5 share of
+common and 0.5 share of series one participating stock.
+    Centrust said its shareholders previously approved the
+recapitalization at a meeting held on February 20, 1987.
+    Centrust said the series one stock, a newly created series
+of Centrust's capital stock, has enhanced voting rights versus
+the common stock. Series one holders generally will vote to
+elect 75 pct of the board of directors, while common
+shareholders will elect 25 pct, Centrust said.
+    CenTrust added that the common stock will have the right to
+vote along with the series one as a single class for the
+election of 75 pct of the board only if the number of
+outstanding "high voting stock," including the series one,
+falls below a certain percentage of outstanding shares of all
+classes and series of voting stock.
+    CenTrust said the common stock gets one vote per share, the
+series one gets ten votes per share and there is separate class
+voting on some matters.
+    CenTrust said series one dividends will be lower than
+common stock dividends until April 1, 1992. 
+    Also the series one will have limited preferential dividend
+and liquidation rights and will be convertible into common
+stock.
+    Both series one and the recapitalized common stock shares
+are scheduled to begin trading on the American Stock Exchange
+on March 23, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13454" NEWID="7933">
+<DATE>20-MAR-1987 15:21:53.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2221&#31;reute
+u f BC-BANKS-HAD-EXCESS-POSI   03-20 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS HAD EXCESS POSITIONS WITH VW - NEWSLETTER</TITLE>
+<DATELINE>    FRANKFURT, March 20 - </DATELINE><BODY>A financial newsletter which reported
+last November that car maker Volkswagen AG &lt;VOWG.F> lost large
+sums in currency transactions alleged that unnamed banks had
+circumvented banking regulations with help from VW's foreign
+exchange department.
+    VW had no immediate comment and there was nothing in the
+report by the newsletter, the Platow Brief, to link its new
+allegations with a suspected currency swindle at VW which is
+now being investigated by a prosecutor.
+    VW said this month that it had had to make provision for
+possible losses up to 480 mln marks in the possible currency
+fraud.
+    A spokesman for the Federal Banking Supervisory Office in
+West Berlin said the office was aware that the newsletter had
+made the new allegations and would follow this with interest.
+    Platow Brief said around 16 mainly foreign banks based in
+West Germany had "parked" excess open positions in currency
+trading with VW's foreign exchange department.
+    Under West German banking law, banks may not end a trading
+day with open positions totalling more than 30 pct of their
+capital. During the day banks buy and sell currencies, usually
+aiming to match up all deals by the end and balance their
+books.
+    Some traders who take a view on how currencies will move
+may prefer to leave certain positions open, a speculative
+situation that the German regulations are designed to limit.
+    According to Platow Brief, some traders apparently were
+getting round the regulation by getting VW to buy or sell
+currencies and hold them temporarily so that their books were
+squared. Up to 100 mln dlrs was sometimes involved.
+    Non-bank corporations are not covered by the restrictions,
+imposed after a bank crash in 1974 to protect bank depositors.
+    Breaches of the Banking Law in this way can be punished by
+a fine for the dealers involved, and in extreme cases by
+removal of the managers, if their active involvement is proved.
+    But the Federal Banking Supervisory Office said it first
+had to be established how far, if at all, regulations were
+breached.
+    The suspected VW currency swindle meanwhile involved
+operations to protect the company against fluctuations in the
+value of the dollar, VW spoksmen have said.
+    Some operations to hedge against changes in currency values
+were not completed, meaning VW stood to lose money.
+    A senior executive has been fired and several other people
+suspended, while a prosecutor is looking into the matter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13455" NEWID="7934">
+<DATE>20-MAR-1987 15:24:15.01</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>canada</D><D>australia</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2232&#31;reute
+u f BC-/ANALYST-SAYS-USSR-WI   03-20 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYST SAYS USSR WINTER GRAINS HURT BY WEATHER</TITLE>
+<DATELINE>    MILWAUKEE, Wis., March 20 - </DATELINE><BODY>The Soviet Union's winter grain
+crop is likely to have suffered losses due to dry planting
+conditions last fall and severe cold this winter, an analyst of
+world weather and crop conditions said.
+    Grain analyst and meteorologist Gail Martell, author of the
+EF Hutton publication "Global Crop News," said in her latest
+report that the Soviets may import more grain, possibly wheat,
+from the U.S. due to potential crop damage.
+    "Compared with last year, the outlook (for the Soviet
+winter grain crop) is far more pessimistic," she said. "But
+it's still too early to talk about disastrous losses. A lot
+will depend on spring weather, not only for the outcome of the
+troubled winter grain crop, but also for spring planting."
+    Martell said the dry weather conditions last fall probably
+prevented optimal seed germination for winter grains. Key wheat
+growing areas of the southern Ukraine and North Caucasus
+received on 25-35 pct of autumn precipitation, she said.
+    The bitter winter cold temperatures -- which broke record
+lows that had stood for four decades -- also may have taken its
+toll on Soviet winter crops, she said.
+    However, she noted that most of the southern grain belt had
+ample snow cover, which should have well-insulated the majority
+of crop areas from severe frost damage.
+    The USSR has already bought 20 to 21 mln tonnes of grains
+in the July 1986/June 1987 marketing year, primarily from
+Canada, the European Community, Argentina and Australia,
+Martell said.
+    She cited a number of reasons besides possible crop
+problems that might point to additional Soviet import demand.
+    Last fall's dry weather may limit livestock grazing on
+moisture-depleted pastures, while the cold winter weather
+necessitated supplemental feeding to keep livestock healthy.
+    Martell was also skeptical of a Soviet claim for a 1986
+grain harvest of 210 mln tonnes, and said the Chernobyl
+accident may have contaminated more grain than originally
+thought and have to be made up with imports.
+    However, she said the U.S. remains a supplier of last
+resort for the Soviet Union, noting that the Soviets have only
+just recently begun their first U.S. grain purchases of the
+1986/87 season by buying 2.25 mln tonnes of corn.
+    Martell cited USDA statistics showing that since the 1980
+grain embargo the U.S. is only a major supplier of grain to the
+USSR during years of heavy Soviet demand.
+    In 1984/85, the U.S. supplied 41 pct of record Soviet grain
+imports of 55.5 mln tonnes. But in 1985/86, the Soviet Union
+bought 29.9 mln tonnes of grain and turned to the U.S. for only
+24 pct of that total.
+    While the USDA Soviet import target for grain for 1986/87
+was 22 mln tonnes, many U.S. grain analysts have revised their
+estimates of Soviet imports up to 25-28 mln tonnes, she said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13456" NEWID="7935">
+<DATE>20-MAR-1987 15:26:41.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2237&#31;reute
+r f BC-INTEGRATED-GENERICS-&lt;   03-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED GENERICS &lt;IGN> MAY SELL 10 PCT OF UNIT</TITLE>
+<DATELINE>    BELLPORT, N.Y., March 20 - </DATELINE><BODY>Integrated Generics Inc said it
+is discussing with an unnamed pharmaceutical distributor the
+sale of 10 pct of its A.N.D.A. Development Corp subsidiary for
+200,000 dlrs.
+    Integrated said its subsidiary, Biopharmaceutics, is
+negotiating with the same unnamed distributor to sell it five
+prescription drugs.
+    The company said it can release no other details at this
+time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13457" NEWID="7936">
+<DATE>20-MAR-1987 15:27:43.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2239&#31;reute
+b f BC-MORGAN-STANLEY-&lt;MS>-H   03-20 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN STANLEY &lt;MS> HAS MARKET-ON-CLOSE ORDERS</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Morgan Stanley and Co &lt;MS> said it
+entered market-on-close orders totaling 1.1 billion dlrs for
+stocks in the Major Market Index and Standard and Poor's 500
+stock index.
+    Morgan Stanley said its orders were entered in accordance
+with Securities and Exchange Commission and New York Stock
+Exchange requirements. The firm did not specify the nature of
+its orders. Participants in the index futures markets said
+investors have been betting all day that the stock market will
+finish sharply higher but few were willing to make a firm
+prediction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13458" NEWID="7937">
+<DATE>20-MAR-1987 15:29:36.73</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>mexico</D><D>usa</D></PLACES>
+<PEOPLE><D>petricioli</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2241&#31;reute
+u f BC-MEXICO'S-RESERVES-REA   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO'S RESERVES REACH EIGHT BILLION DLRS</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Additional capital inflows of 1.5
+billion dlrs so far this year have boosted Mexico's reserves to
+about eight billion dlrs, director of public credit Angel
+Gurria told reporters.
+    Money has been coming back to Mexico because of improved
+investor confidence and because a tight monetray policy has
+forced credit-starved industries to repatriate capital. Inflows
+totalled a billion dlrs in fourth-quarter 1986.
+    Gurria said Mexico is not accumulating reserves for the
+sake of it. He said its new loans will increase the pool of
+funds available for badly needed investment.
+    Once the first tranche of its new six billion dlr loan is
+drawn down in the second quarter, Mexico will still only have
+enough reserves to pay for imports and debt service for four or
+five months, Gurria noted.
+    Nevertheless, Gurria said Mexico does not expect to draw on
+the commercial banks' 1.2 billion dlr investment-support
+contingency facility. That money will be available until April
+1988 if Mexico's export receipts and the price of oil fall
+below certain levels. But Mexico failed to qualify for the
+first two drawings totalling 451 mln dlrs, and Gurria said
+today, "We expect we'll never have to use it."
+    Gurria said Mexico will know by June whether it can draw on
+the second contingency facility included in the bank financing
+package - a 500 mln dlr growth co-financing loan with the World
+Bank.
+    Finance minister Gustavo Petricioli said he had signed
+yesterday a 250 mln dlr loan with the World Bank to support the
+development of exports of manufactured goods.
+    He also said the first 250 mln dlr tranche of a one billion
+dlr loan from the Japanese government to support steel, oil and
+export promotion will be disbursed at the end of the month.
+    Mexico is also due to make the third drawing from its
+International Monetary Fund standby credit in the next few days
+based on a successful review of end-1986 economic results.
+    Petricioli said Mexico is in the final stages of
+discussions which will determine quantitative economic targets
+for 1987 which will allow it to continue to draw from the IMF
+for the rest of 1987.
+    Petricioli reported that Mexico has so far concluded eight
+bilateral accords with government creditors within the Paris
+Club.
+    Sixteen governments signed the Paris Club umbrella
+agreement last September, which restructured 1.8 billion dlrs
+of official debt, and Petricioli said he hopes to finalize
+pacts with the remaining eight countries in the next few weeks.
+    In keeping with the spirit of the September agreement, he
+said all countries from the Organization of Economic
+Cooperation and Development have continued to provide export
+credit facilities for Mexico, despite the debt restructuring.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13459" NEWID="7938">
+<DATE>20-MAR-1987 15:29:53.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2242&#31;reute
+u f BC-FIRST-INTERSTATE-BANC   03-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST INTERSTATE BANCORP &lt;I> FILES DEBT OFFER</TITLE>
+<DATELINE>    LOS ANGELES, March 20 - </DATELINE><BODY>First Interstate Bancorp said it
+has filed a shelf registration with the Securities and Exchange
+Commission for up to 1.50 billion dlrs principal amount of its
+debt securities.
+    The filing consists of 1.00 billion dlrs of senior debt
+securities and 500 mln dlrs of subordinated debt securities,
+including capital securities.
+    The securities may be offered from time to time through
+underwriters or by the company directly, or through agents, it
+said.
+    First Interstate said net proceeds would be used
+principally to fund investments in, or extensions of credit to,
+the company's subsidiaries, or to repay loans incurred for such
+purposes.
+    It called the filing part of the company's "regularly
+scheduled funding activities."
+    First Interstate said the filing brings to 5.45 billion
+dlrs the total amount of debt securities covered under this and
+eight earlier shelf registrations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13460" NEWID="7939">
+<DATE>20-MAR-1987 15:30:25.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2246&#31;reute
+u f BC-NAVISTAR-&lt;NAV>-UP-ON   03-20 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAVISTAR &lt;NAV> UP ON HIGHER EARNINGS OPINION</TITLE>
+<DATELINE>    NEW YORK, MARCH 20 - </DATELINE><BODY>Navistar International Corp's stock
+rose after brokerage house Sanford C. Bernstein and Co raised
+its earnings estimate of the company based on expectations of
+better truck orders and truck tonnage, traders said.
+    Navistar led the active list with a gain of 1/4 to 7-1/4 on
+volume of 4.2 mln shares.
+    Traders familiar with the opinion said that David
+Eisenberg, director of Sanford C. Bernstein and Co's
+institutional strategy committee, raised his earnings estimates
+to 80 cts a share for the current fiscal year ending in
+October. He expects Navistar to earn 1.20 dlrs a share next
+year. In 1986, the company lost 14 cts a share.
+    Eisenberg was unavailable for comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13461" NEWID="7940">
+<DATE>20-MAR-1987 15:32:09.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2256&#31;reute
+r f BC-ICN-PHARMACEUTICALS-&lt;   03-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICN PHARMACEUTICALS &lt;ICN> SEEKING ACQUISITION</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 20 - </DATELINE><BODY>ICN Pharmaceuticals Inc  has
+about 500 mln dlrs in cash and another 1.50 billion dlrs in
+available credit, which it intends to use to buy a
+pharmaceutical company, Chairman Milan Panic said.
+    At the company's annual meeting, he said an acquisition
+could take place in the next 24 months.
+    "The company has nearly two billion dlrs available for
+acquisition today," Panic said, adding, "We are investigating a
+number of companies." One company being studied could possibly
+be acquired on a friendly basis, he said.
+    Panic also said he intends to seek board approval today to
+repurchase up to three mln ICN common shares.
+    Discussing the possibility of an acquisition, Panic said
+the such a purchase is necessary because ICN's current
+marketing capability would not be sufficient to support
+distribution of the company's products, given ICN's
+expectations for market growth worldwide.
+    ICN's principal product is ribavirin, also known as
+Virazole. The drug is marketed in a number of countries and
+described as a broad-based anti-viral.
+    The company has said its possible applications include
+treatment of some types of hepatitis, herpes, influenza,
+childhood diseases and hemorrhagic fevers.
+    ICN has been the focus of consirable investor attention in
+recent months because of Virazole, which has undergone clinical
+trials as a possible treatment of some AIDS-related diseases.
+    Panic said today he would not discuss the drug with regard
+to AIDS until the Food and Drug Administration completes its
+review of data submitted by the company.
+    He said an investigation of the drug being conducted by a
+House Subcommittee is continuing.
+    The subcommittee and the FDA have acknowledged they are
+conducting separate investigations to determine whether or not
+ICN witheld data from the FDA on adverse reactions to the drug.
+    Virazole is approved for marketing in the U.S. in aerosol
+form as a treatment for an infection that strikes infants,
+called respiratory syncytial virus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13462" NEWID="7941">
+<DATE>20-MAR-1987 15:33:20.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f2264&#31;reute
+d f BC-CANADA-COMMITTEE-SEEK   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA COMMITTEE SEEKS LOWER CREDIT CARD RATES</TITLE>
+<DATELINE>    OTTAWA, March 20 - </DATELINE><BODY>The all-party House of Commons Finance
+Committee has unanimously called for a "substantial" cut in
+credit card interest rates charged by banks and other financial
+institutions.
+    In a report, the committee recommended that if action is
+not taken soon, the government should investigate whether there
+is "anti-competitive behaviour" among the banks.
+    Minister of State for Finance Tom Hockin told the Commons
+prior to the release of the report he favored a cut in the
+rates and promised to act quickly on its recommendations.
+    The committee said interest rates should be lowered to no
+more than the 15.9 pct per annum level announced recently by
+the Toronto Dominion Bank.
+    Rates on other bank cards range from 18 to 21 pct and to 24
+to 28 pct on gasoline and department store cards.
+    At a news conference, committee members said they would
+call for a legislated rate ceiling if the banks do not take
+action quickly.
+    "I would be unhappy if they didn't make an announcement
+next week," said Committee Chairman Don Blenkarn, also a member
+of the ruling Progressive Conservative Party.
+    New Democratic Party member Michael Cassidy said, "I hope
+the banks see the writing on the wall and take appropriate
+action."
+    The group did recommend legislation be enacted to ensure a
+uniform method of calculating interest on unpaid balances and
+that a grace period be allowed for new purchases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13463" NEWID="7942">
+<DATE>20-MAR-1987 15:33:32.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2266&#31;reute
+s f BC-JUSTIN-INDUSTRIES-INC   03-20 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUSTIN INDUSTRIES INC &lt;JSTN> SETS DIVIDEND</TITLE>
+<DATELINE>    FORT WORTH, March 20 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay April 10
+    Record March 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13464" NEWID="7943">
+<DATE>20-MAR-1987 15:34:56.20</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2271&#31;reute
+f f BC-ussr-export-sale   03-20 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 150,000 TONNES CORN  CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13465" NEWID="7944">
+<DATE>20-MAR-1987 15:36:35.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2276&#31;reute
+u f BC-BOEING-&lt;BA>-WINS-NASA   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING &lt;BA> WINS NASA CONTRACT</TITLE>
+<DATELINE>    HUNTSVILLE, Ala., March 20 - </DATELINE><BODY>Boeing Co said the National
+Aeronautics and Space Administration has selected Boeing to
+operate its computational mission services at the Marshall
+Space Flight Center in Huntsville.
+    Boeing said it will provide NASA engineers and scientists
+with management, personnel, equipment, materials and services
+to aid the operations of such projects as Spacelab, the Space
+Shuttle and the proposed Space Station.
+    It said it will also provide program management support,
+mission support, systems engineering, computer systems
+services, applications software and hardware maintenance.
+    Boeing said the cost-plus-award-fee contract has an initial
+performance period of one year beginning in May 1987, with nine
+additional one-year options.
+     The proposed cost for the first five years is about 114
+mln dlrs, Boeing said.
+    Boeing said &lt;New Technology Inc> and Unisys Corp &lt;UIS> will
+work with Boeing on the contract as major subcontractors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13466" NEWID="7945">
+<DATE>20-MAR-1987 15:37:29.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2281&#31;reute
+r f BC-SECURITY-PACIFIC-&lt;SPC   03-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC &lt;SPC> UNIT OFFERS CERTIFICATES</TITLE>
+<DATELINE>    LOS ANGELES, March 20 - </DATELINE><BODY>Security Pacific Corp's Security
+Pacific Merchant Bank said acting as lead manager it has
+offered 270 mln dlrs in 30-year and 35 mln dlrs in 15-year
+mortgage pass-through certificates.
+    The offering is the second this year under an 800-mln-dlr
+shelf registration. The first was for 310 mln dlrs.
+    The mortgages were originated by Security Pacific in
+California.
+    The offering is co-managed by Kidder, Peabody and Co and
+Shearson Lehman Brothers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13467" NEWID="7946">
+<DATE>20-MAR-1987 15:40:10.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2294&#31;reute
+d f BC-MERRY-LAND-AND-INVEST   03-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRY LAND AND INVESTMENT &lt;MERY> TO OFFER STOCK</TITLE>
+<DATELINE>    AUGUSTA, Ga., March 20 - </DATELINE><BODY>Merry Land and Investment Co Inc
+said it will offer two million shares of common stock for sale.
+    Merry Land said it filed a registration statement with the
+Security and Exchange Commission. It also said the sale will be
+offered through an underwriting group managed by &lt;Johnson,
+Lane, Space, Smith and Co Inc>, and Interstate Securities Corp
+&lt;IS>.
+    Proceeds will be used to reduce short-term debt, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13468" NEWID="7947">
+<DATE>20-MAR-1987 15:44:31.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2307&#31;reute
+d f BC-BANKS-OF-IOWA-&lt;BIOW>   03-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS OF IOWA &lt;BIOW> PRIVATELY PLACES STOCK</TITLE>
+<DATELINE>    DES MOINES, Iowa, March 20 - </DATELINE><BODY>Banks of Iowa Inc &lt;biow> said
+it has sold 254,608 common shares at 51.50 dlrs each to a group
+of institutional investors through a private placement.
+    In connection with the stock sale, the company said, it
+reserved the right to sell privately up to an additional
+133,741 common shares at the same price before March 28.
+    It said the Chicago Corp acted as placement agent for this
+transaction.
+    Banks of Iowa had 2.2 mln shares outstanding prior to the
+sale, a spokesman said.                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13469" NEWID="7948">
+<DATE>20-MAR-1987 15:44:58.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2308&#31;reute
+r f BC-SCHOLASTIC-INC-&lt;SCHL>   03-20 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHOLASTIC INC &lt;SCHL> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    NEW YORK, March 20 -
+    </DATELINE><BODY>Shr 1.55 dlrs vs 70 cts
+    Net 3,409,000 vs 1,455,000
+    Rev 54.1 mln vs 45.3 mln
+    Nine months
+    Shr 1.60 dlrs vs 10 cts
+    Net 3,517,000 vs 211,000
+    Rev 144.4 mln vs 127.0 mln
+    NOTE: Qtr net includes extraordinary gain of 1.2 mln dlrs,
+versus 155,000 dlrs for fiscal 1986's third quarter, and a
+non-recurring pre-tax gain of 720,000 dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13470" NEWID="7949">
+<DATE>20-MAR-1987 15:47:53.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2314&#31;reute
+a f BC-KLEINWORT-BENSON-&lt;KBA   03-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLEINWORT BENSON &lt;KBA> UNIT SETS FIRST DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Kleinwort Benson International
+Investment Ltd's subsidiary, Kleinwort Benson Australian Income
+Fund, a closed end management investment company, declared its
+first quarterly dividend of 36.5 cts payable April 16 to
+shareholders of record April 1.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13471" NEWID="7950">
+<DATE>20-MAR-1987 15:54:03.20</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>france</D><D>west-germany</D><D>usa</D><D>uk</D><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f2322&#31;reute
+d f AM-MONETARY   03-20 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-10 FINANCE OFFICIALS DISCUSS DEBT, CURRENCIES</TITLE>
+<DATELINE>    PARIS, March 20 - </DATELINE><BODY>Deputy Finance Ministers from the Group
+of 10 leading western industrialised countries met here to
+discuss the world debt crisis, trade imbalances and currency
+stability today following last month's Paris monetary accord,
+sources close to the talks said.
+    The officials met at the offices of the International
+Monetary Fund (IMF) to discuss broad aspects of world monetary
+policy in preparation for the IMF's interim committee meeting
+in Washington in April.
+    The talks were the first high-level international review of
+the monetary situation since the accord last month reached by
+the U.S., West Germany, France, Britain, Japan and Canada to
+stabilise world currency markets at around present levels
+following the 40 pct slide in the dollar since mid-1985.
+    Other countries represented at today's talks were Italy,
+which refused to attend last month's meeting on the grounds
+that it was being excluded from the real discussions, the
+Netherlands, Belgium and Switzerland.
+    Many of the officials had met earlier today and yesterday
+within the framework of the Organisation for Economic
+Cooperation and Development (OECD) to review the slow progress
+being made in cutting the record 170 billion dlr U.S. Trade
+deficit and persuading West Germany and Japan to open their
+economies to more foreign imports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13472" NEWID="7951">
+<DATE>20-MAR-1987 16:00:14.45</DATE>
+<TOPICS><D>oilseed</D><D>meal-feed</D></TOPICS>
+<PLACES><D>usa</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2331&#31;reute
+u f BC-CCC-GUARANTEES-TO-TUR   03-20 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC GUARANTEES TO TURKEY SWITCHED TO MEALS-USDA</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has reallocated 15.0 mln dlrs in credit guarantees to
+Turkey previously earmarked for sales of U.S. oilseeds to
+provide coverage for sales of U.S. protein meals in fiscal year
+1987, the U.S. Agriculture Department said.
+    The department said the action reduces the guarantee line
+authorized for sales of oilseeds to 5.0 mln dlrs from 20.0 mln
+dlrs and creates the new line for protein meals.
+    All sales under the credit lines must be registered and
+exports completed by September 30, 1987, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13473" NEWID="7952">
+<DATE>20-MAR-1987 16:01:10.85</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>belgium</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2335&#31;reute
+d f AM-COMMUNITY-ENVIRONMENT   03-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC AGREES TO REDUCE DIESEL EXHAUST EMISSIONS</TITLE>
+<DATELINE>    BRUSSELS, March 20 - </DATELINE><BODY>The European Community (EC) agreed on
+new rules to cut diesel exhaust emissions from trucks and buses
+in an attempt to reduce air pollution threatening vast
+stretches of the region's forests.
+    Diplomats said EC environment ministers meeting here agreed
+member states would have to reduce by 20 pct over the next few
+years the emission of nitrogen oxide, widely seen as the main
+source of acid rain endangering forests and lakes.
+    The reduction would be compulsory for heavy vehicles, with
+tougher standards imposed for new models from April 1988 and
+for all new vehicles from October 1990.
+    The EC's executive Commission says the emission level of
+nitrogen oxide was expected to drop to 2.4 mln tonnes a year
+from three mln tonnes within the 12-nation Community if all
+heavy vehicles met the new standards.
+    There are an estimated nine mln trucks and buses in use in
+the EC, according to Commission figures.
+    The ministers also gave West Germany a go-ahead to move
+towards a ban on the sale of leaded regular petrol, after Bonn
+requested permission to do so to encourage the use of
+low-pollution cars, diplomats said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13474" NEWID="7953">
+<DATE>20-MAR-1987 16:01:32.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2337&#31;reute
+r f BC-VERNITRON-CORP-&lt;VRN>   03-20 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERNITRON CORP &lt;VRN> 4TH QTR AND YEAR LOSS</TITLE>
+<DATELINE>    LAKE SUCCESS, N.Y., March 20 -
+    </DATELINE><BODY>Oper shr loss 49 cts vs loss 10 cts
+    Oper net loss 3,014,000 vs loss 656,000
+    Revs 22.7 mln vs 23.6 mln
+    12 mths
+    Oper shr loss 19 cts vs profit 40 cts
+    Oper net loss 1,142,000 vs profit 2,476,000
+    Revs 93.3 mln vs 99.0 mln
+    NOTE: qtr 1986 and prior qtr excludes loss discontinued
+operations 2,441,000 and 4,078,000, respectively.
+    Year 1986 and prior excludes loss discontinued operations
+3,509,000 and 5,278,000, respectively.
+    qtr and year 1986 excludes tax loss 1,557,000 and loss
+151,000, respectively.
+    qtr and year prior excludes tax gain 833,000 and 3,346,000,
+respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13475" NEWID="7954">
+<DATE>20-MAR-1987 16:02:02.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2341&#31;reute
+r f BC-GOODY-PRODUCTS-INC-&lt;G   03-20 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODY PRODUCTS INC &lt;GOOD> YEAR END OPER NET</TITLE>
+<DATELINE>    KEARNY, N.J., March 20 -
+    </DATELINE><BODY>Oper shr 1.21 vs 88 cts
+    Oper net 7,767,000 vs 5,494,000
+    Revs 163.7 mln vs 133.5 mln
+    NOTE: 1986 and 1985 oper net excludes a loss of 1,332,000
+dlrs and a profit of 319,000 dlrs, respectively, for
+discontinued operations.
+    Earnings per shr are restated to reflect 3-for-2 stock
+split effective July one, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13476" NEWID="7955">
+<DATE>20-MAR-1987 16:02:22.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2344&#31;reute
+s f BC-VMS-MORTGAGE-INVESTOR   03-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS MORTGAGE INVESTORS L.P. &lt;VMLPZ> MONTLY DIV</TITLE>
+<DATELINE>    CHICAGO, March 20 -
+    </DATELINE><BODY>DIst nine cts vs nine cts prior
+    Payable May 14
+    Record April one
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13477" NEWID="7956">
+<DATE>20-MAR-1987 16:02:37.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2346&#31;reute
+s f BC-PEPS-BOYS-MANNY,-MOE   03-20 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEPS BOYS-MANNY, MOE AND JACK &lt;PBY> SET PAYOUT</TITLE>
+<DATELINE>    PHILADELPHIA, March 20 -
+    </DATELINE><BODY>Qtly div 5.5 cts vs 5.5 cts prior
+    Pay April 27
+    Record April one.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13478" NEWID="7957">
+<DATE>20-MAR-1987 16:02:47.08</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2347&#31;reute
+b f BC-/CCC-ACCEPTS-EXPORT-B   03-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS EXPORT BONUS ON SEMOLINA TO EGYPT</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has accepted a bid for an export bonus to cover a sale of
+6,000 tonnes of semolina to Egypt, the U.S. Agriculture
+Department said.
+    The department said the semolina is for shipment
+April-October, 1987, and the bonus awarded was 224.87 dlrs per
+tonne.
+    The bonus was made to International Multifoods Corp and
+will paid to the exporter in the form of commodities from CCC
+stocks, the department said.
+    An additional 7,000 tonnes of semolina are still available
+to Egypt under the Export Enhancement Program initiative
+announced August 1, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13479" NEWID="7958">
+<DATE>20-MAR-1987 16:04:22.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2352&#31;reute
+r f BC-VMS-MORTGAGE-INVESTOR   03-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS MORTGAGE INVESTORS &lt;VMTGZ> RAISES PAYOUT</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>VMS Mortgage Investors LP II said it
+raised its first quarter 1987 cash dividend to 21 cts from 20
+cts the prior quarter payable May 14, 1987, to shareholders of
+record April One, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13480" NEWID="7959">
+<DATE>20-MAR-1987 16:05:38.48</DATE>
+<TOPICS><D>acq</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2354&#31;reute
+d f BC-REGENCY-CRUISES-&lt;SHIP   03-20 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGENCY CRUISES &lt;SHIP> SELLS SHIP INTEREST</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Regency Cruises Inc said it agreed to
+sell a 40 pct interest in the corporation that owns the M/V
+Regent Sea cruise ship for 2.1 mln dlrs to Monmouth
+International SA, which owns the other 60 pct.
+    The company said it also extended a 1.7 mln dlr secured
+loan to Monmouth to finance completion of the renovation of
+another vessel, the M/V Regent Star, which is scheduled to
+begin operating in late June.
+    Regency Cruises, which operates both ships, received a
+five-year extension, to November 1995, to the Regent Sea's
+original charter agreement, it said. It also received a
+reduction, to 600,000 dlrs from 1.6 mln dlrs, of its total
+charter guarantee for the Regent Sea and Regent Star.
+    Regency also reported 1986 earnings of 5,695,000 dlrs or 37
+cts a share on revenues of 40.9 mln dlrs. It began operations
+in November 1985.
+    In addition, the company said its bank, Irving Bank Corp
+&lt;V>, agreed to waive a one mln dlr counter guarantee for the
+bank to provide a 2.6 mln dlrs guarantee for Regency's Federal
+Maritime Commission bond.
+    The company said after April 3 the exercise price of its
+warrants will return to two dlrs until they expire April 21.
+The price had been reduced to 1.50 dlrs for the three weeks
+ending April 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13481" NEWID="7960">
+<DATE>20-MAR-1987 16:05:45.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2355&#31;reute
+u f BC-CANADIAN-MANUFACTURIN   03-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN MANUFACTURING SHIPMENTS FALL IN MONTH</TITLE>
+<DATELINE>    OTTAWA, March 20 - </DATELINE><BODY>Shipments of products by Canadian
+manufacturers declined by 1.5 pct in January to 21.08 billion
+dlrs, seasonally adjusted, led by a slowdown in transportation
+equipment, Statistics Canada said.
+    In December orders rose 2.8 pct.
+    The federal agency said new orders fell 4.0 pct following a
+4.5 pct increase in December.
+    Inventories fell to 33.71 billion dlrs from 34.00 billion
+dlrs the previous month.
+           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13482" NEWID="7961">
+<DATE>20-MAR-1987 16:05:59.70</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2356&#31;reute
+u f BC-/FREIGHT,-INSURANCE-P   03-20 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREIGHT, INSURANCE PROPOSED FOR CCC SALES - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>the U.S. Agriculture Department is
+proposing to permit coverage of freight cost and marine and war
+risk insurance for sales  of all agricultural commodities sold
+on credit terms under the Commodity Credit Corporation's, CCC,
+credit guarantee programs.
+    The proposal only applies to commodities that are sold by
+exporters on a cost and freight, C and F, or cost, insurance
+and freight, CIF, basis, since these costs would be included in
+the exporter's sale price to the foreign buyer, it said.
+    Under current programs, freight costs can be covered only
+for export sales of U.S. breeding animals.
+    It asked for comments on the proposal by April 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13483" NEWID="7962">
+<DATE>20-MAR-1987 16:06:14.44</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f2357&#31;reute
+u f BC-CCC-ACCEPTS-EXPORT-BO   03-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS EXPORT BONUS FOR CATTLE TO EGYPT</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The U.S. Commodity Credit
+Corporation (CCC) has accepted a bid for an export bonus to
+cover a sale of 186 head of dairy cattle to Egypt, the U.S.
+Agriculture Department said.
+    The department said the cattle are for delivery May 7-June
+7, 1987, and the bonus awarded was 1,888.06 dlrs per head.
+    The bonus was made to First Interstate Trading Co and will
+be paid to the exporter in the form of commodities from CCC
+stocks, the department said.
+    An additional 7,959 head of dairy cattle are still
+available to Egypt under the Export Enhancement Program
+initiative announced September 12, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13484" NEWID="7963">
+<DATE>20-MAR-1987 16:06:35.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2358&#31;reute
+u f BC-CLARK-EQUIPMENT-&lt;CKL>   03-20 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLARK EQUIPMENT &lt;CKL> BUYS 1.3 MLN SHARES</TITLE>
+<DATELINE>    SOUTH BEND, IND., March 20 - </DATELINE><BODY>Clark Equipment Co said it has
+purchased 1,339,000 shares of its common stock from an investor
+group led by Arthur M. Goldberg for 26.375 dlrs a share.
+    It said the purchase reduces the number of shares of Clark
+common stock to be purchased under its stock repurchase plan
+announced March 10. At the time the company said it would buy
+back 3.0 mln shares, or 16 pct of the outstanding stock.
+     Clark Equipment also said the investor group agreed to
+enter into a standstill agreement which prohibits members of
+the group from purchasing shares of voting securities of Clark
+for 10 years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13485" NEWID="7964">
+<DATE>20-MAR-1987 16:08:16.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2362&#31;reute
+r f BC-YANKEE-COS-&lt;YNK>-UNIT   03-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YANKEE COS &lt;YNK> UNIT TO SELL ASSSETS</TITLE>
+<DATELINE>    COHASSET, N.Y., March 20 - </DATELINE><BODY>Yankee Cos Inc's Eskey Inc &lt;ESK>
+subsidiary said it reached an agreement in principle to sell
+its Eskey's Yale E. Key Inc subsidiary to a new concern formed
+by Key's management and a private investor for about 15.5 mln
+dlrs.
+    As part of sale, Eskey said the buyers will assume the 14.5
+mln dlrs of publicly held Eskey 10-3/4 pct debentures due 2003.
+It said the debentures will continue to be converted into
+Yankee preferred. The remainder of the price will be a one mln
+dlr note to Eskey. Yankee said the sale will result in a loss
+of 1.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13486" NEWID="7965">
+<DATE>20-MAR-1987 16:08:25.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2363&#31;reute
+u f BC-COURT-APPROVES-LTV-&lt;Q   03-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT APPROVES LTV &lt;QLTV> BANK CREDIT AGREEMENT</TITLE>
+<DATELINE>    DALLAS, March 20 - </DATELINE><BODY>LTV Corp said a credit agreement between
+the company and its 22-member bank group has been approved by
+the U.S. Bankruptcy Court for the Southern District of New
+York.
+    The company said the agreement provides an additional 100
+mln dlrs of credit that may be borrowed by the company or used
+to cover the issuance of new letters of credit.
+    Under athe agreement, LTV said, it will convert about 435
+mln dlrs of outstanding secured debt of certain subsidiaries
+into a new revolving credit facility.
+    LTV said the bank credit agreement also provides for the
+funding, on a revolving credit basis, of about 160 mln dlrs of
+outstanding secured lines of credit in the event such letters
+of credit should be drawn in the future.
+    The company said it has the option under the agreement to
+fund the borrowings at the prime reate or at rates related to
+certificates of deposit or London Interbank Borrowing Rates.
+    It said outstanding loans, as well as amounts which could
+be drawns under issued letters of credit, will be securited by
+accounts receivable and inventories of certain LTV subsidiaries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13487" NEWID="7966">
+<DATE>20-MAR-1987 16:08:42.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2365&#31;reute
+u f BC-WENDY'S-&lt;WEN>-DECLNES   03-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WENDY'S &lt;WEN> DECLNES COMMENT ON MARKET RUMORS</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Wendy's International Inc declined to
+comment on vague rumors by traders that it might be a takeover
+target.
+    Wendy's is currently trading up one at 11-3/4 on turnover
+of more than 1.6 mln shares.
+    A Wendy's spokesman said it was corporate policy not to
+comment on market rumors.
+    He further declined to attribute active trading in Wendy's
+stock to a published report which stated Wall Street
+professionals believe that Wendy's was possibly being studied
+by Coca Cola Co (KO) with view to a possible acquisition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13488" NEWID="7967">
+<DATE>20-MAR-1987 16:08:58.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2367&#31;reute
+r f BC-GOODY-&lt;GOOD>-TO-SELL   03-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODY &lt;GOOD> TO SELL UNIT TO UNION CAMP &lt;UCC></TITLE>
+<DATELINE>    KEARNY, N.J., March 20 - </DATELINE><BODY>Goody Products Inc said it entered
+into an agreement to sell its J. and P.B. Myers packaging
+business to Union Camp Corp to focus on its consumer products
+and automated distribution system businesses.
+    Terms of the agreement were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13489" NEWID="7968">
+<DATE>20-MAR-1987 16:10:41.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2371&#31;reute
+d f BC-CHAMPION-PARTS&lt;CREB>   03-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAMPION PARTS&lt;CREB> ASKS DECLARATORY JUDGMENT</TITLE>
+<DATELINE>    OAK BROOK, ILL., March 20 - </DATELINE><BODY>Champion Parts Rebuilders Inc
+said it asked the Federal District Court in Chicago for a
+declaratory judgment upholding its recent 5.4 mln dlr sale of
+common shares and warrants to Echlin Inc &lt;ECH>.
+    Champion said in hearings Thursday morning before the
+federal judge on its lawsuit charging federal securities law
+violations against Cormier Corp, Odilon Cormier, Morris Navon
+and other defendants, the Cormier-Navon defendants indicated
+they would challenge the transaction.
+    Champion's suit claims that various Champion investors
+alligned themselves with Cormier and Navon who failed to
+disclose properly under federal laws that they were acting in
+concert and they intended to spin off parts of the company and
+sell the balance within two years once they got control.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13490" NEWID="7969">
+<DATE>20-MAR-1987 16:12:18.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2374&#31;reute
+f f BC-******CYACQ-CORP-AMME   03-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CYACQ RAISES OFFER FOR CYCLOPS TO 92.50 DLRS/SHARE FROM 80 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13491" NEWID="7970">
+<DATE>20-MAR-1987 16:14:46.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2377&#31;reute
+r f BC-GREAT-COUNTRY-BANK-&lt;G   03-20 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT COUNTRY BANK &lt;GCBK> 3RD QTR NET</TITLE>
+<DATELINE>    ANSONIA, Conn., March 20 - </DATELINE><BODY>Qtr ends Feb 28
+    Shr 53 cts vs N/A
+    Net 1,165,000 vs 575,000
+    Nine mths
+    Shr 1.54 dlrs vs N/A
+    Net 3,363,000 vs 1,535,000
+    Assets 375.2 mln vs 320.7 mln
+    Deposits 313.8 mln vs 264.2 mln
+    Loans 286.3 mln vs 235.9 mln
+    NOTE: earnings per share data not presented for 1986 as
+Great Country Bank converted from a mutual to a capital stock
+savings bank on Jan 14, 1986. Such information is misleading
+and inappropriate, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13492" NEWID="7971">
+<DATE>20-MAR-1987 16:16:15.84</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2379&#31;reute
+f f BC-******U.S.-BUSINESS-L   03-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BUSINESS LOANS FALL 660 MLN DLRS IN MARCH 11 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13493" NEWID="7972">
+<DATE>20-MAR-1987 16:17:42.42</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>belgium</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2383&#31;reute
+d f AM-COMMUNITY-ENVIRONMENT   03-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC AGREES REDUCTION OF DIESEL EXHAUST EMISSIONS</TITLE>
+<DATELINE>    BRUSSELS, March 20 - </DATELINE><BODY>The European Community (EC) agreed
+tough new rules to cut diesel exhaust emissions from trucks and
+buses in an attempt to reduce air pollution threatening vast
+stretches of the region's forests.
+    Diplomats said EC environment ministers meeting here agreed
+member states would have to reduce by 20 pct over the next few
+years the emission of nitrogen oxide, widely seen as the main
+source of acid rain endangering forests and lakes.
+    The reduction would be compulsory for heavy vehicles, with
+tougher standards imposed for new models from April 1988 and
+for all new vehicles from October 1990.
+    The EC's executive Commission says the emission level of
+nitrogen oxide was expected to drop to 2.4 mln tonnes a year
+from three mln tonnes within the 12-nation Community if all
+heavy vehicles applied to the new standards.
+    There are an estimated nine mln lorries and buses in use in
+the EC, according to Commission figures.
+    The ministers also gave West Germany a go-ahead to move
+towards a ban on the sale of leaded regular petrol, after Bonn
+requested permission to do so to encourage the use of
+low-pollution cars, diplomats said.
+    West Germany will still need ministers' final approval for
+such a plan. Diplomats said this was expected when EC
+environment ministers meet next on May 21.
+    But the ministers added that the go-ahead for West Germany
+did not mean there would automatically follow a Community-wide
+ban on the sale of regular leaded petrol.
+    Bonn intends to keep leaded premium petrol pumps, diplomats
+said. They added that, of the 97 mln cars in the EC, only 20
+mln now ran on regular leaded petrol and these would risk no
+damage if they switched over to premium leaded petrol.
+    Under EC law, ministers have to give member states special
+permission if they wish to be exempt from Community competition
+laws. This would be the case if West Germany were to implement
+a ban on the sale of leaded regular petrol.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13494" NEWID="7973">
+<DATE>20-MAR-1987 16:18:38.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2387&#31;reute
+r f BC-PROPOSED-OFFERINGS   03-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Weyerhaeuser Co &lt;WY> - Offering of four mln shares of
+convertible exchangeable preference shares through Morgan
+Stanley and Co Inc.
+    Kansas City Power and Light Co &lt;KLT> - Shelf offering of up
+to 100 mln dlrs of mortgage bonds.
+    J and J Snack Foods Corp - Initial public offering of 25
+mln dlrs of convertible subordinated debentures due April 1,
+2012.
+    Federal Paper Board Co Inc &lt;FBO> - Offering of 2.8 mln
+shares of cumulative convertible preferred stock through an
+underwriting group led by First Boston Corp.
+    Virginia Electric and Power Co, subsidiary of Dominion
+Resources Inc &lt;D> - Shelf offering of up to 1,350,000 shares of
+100 dlr preferred stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13495" NEWID="7974">
+<DATE>20-MAR-1987 16:19:49.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2390&#31;reute
+r f BC-MARCUS-&lt;MRCS>-VOTES-5   03-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARCUS &lt;MRCS> VOTES 50 PCT STOCK DIVIDEND</TITLE>
+<DATELINE>    MILWAUKEE, WIS., March 20 - </DATELINE><BODY>Marcus Corp said its board
+voted a 50 pct stock dividend to be distributed May 1, record
+April 15.
+    It said the dividend applies equally to holders of its
+common stock and Class B common.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13496" NEWID="7975">
+<DATE>20-MAR-1987 16:20:45.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2392&#31;reute
+d f BC-VMS-MORTGAGE-&lt;VMTGZ>   03-20 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS MORTGAGE &lt;VMTGZ> CASH DISTRIBUTION RISES</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>VMS Mortgage Investors L.P. II said it
+declared a first-quarter 1987 cash distribution of 21 cts a
+depositary unit, up five pct from the prior quarter.
+    It said the distribution will be payable May 14, record
+January 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13497" NEWID="7976">
+<DATE>20-MAR-1987 16:21:03.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2394&#31;reute
+d f BC-PICO-&lt;PPI>,-ANIXTER-G   03-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PICO &lt;PPI>, ANIXTER GET TELE-COMM &lt;TCOM> ORDER</TITLE>
+<DATELINE>    LIVERPOOL, N.Y., March 20 - </DATELINE><BODY>Pico Products Inc and &lt;Anixter
+Communications> jointly announced that they received a purchase
+order from Tele-Communications Inc, for pay TV security
+products to be included in Tele-Comm's on-site control systems.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13498" NEWID="7977">
+<DATE>20-MAR-1987 16:22:56.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2398&#31;reute
+b f BC-AUDIO/VIDEO-&lt;AVA>SWEE   03-20 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDIO/VIDEO &lt;AVA>SWEETENS BID FOR CYCLOPS &lt;CYL></TITLE>
+<DATELINE>    DAYTON, Ohio, March 20 - </DATELINE><BODY>An investment group led by
+Audio/Video Affiliates Inc said it raised its tender offer to
+acquire Cyclops Corp to 92.50 dlrs a share from 80 dlrs a
+share.
+    The group, Cyacq Acquisition Corp, also said it extended
+the offer until April three, from March 20.
+    The group said it added several conditions to its offer,
+including receipt of all non-public information about Cyclops
+that was provided to &lt;Dixons Group PLC> in connection with
+Dixon's competing tender offer for Cyclops.
+    Cyacq's sweetened offer, totaling about 398 mln dlrs, tops
+Dixon's offer of 92.25 dlrs a share, or about 388 mln dlrs.
+    On Wednesday Dixon said it had bought 54 pct of Cyclops'
+4.3 mln shares outstanding, boosting its stake in the company
+to 56 pct.
+    Earlier today, however, the Securities and Exchange
+Commisssion ordered Dixons to extended its tender offer until
+March 24.
+    Cyacq said it hopes Cyclops shareholders "will withdraw
+previously tendered shares from Dixons' tender offer to take
+advantage of Cyacq's higher offer."
+    The SEC's order came after Cyacq filed suit to block Dixons
+from taking control of Cyclops and to force an extension of
+Dixons' tender offer.
+    A Cyclops spokeswoman said the company had no immediate
+comment on the sweetened bid from Cyacq.
+    Cyacq said its new offer is also subject to Cyclops
+rescinding any agreements with Dixons under which the
+U.K.-based firm would receive "break-up fees" or expenses from
+Cyclops or could buy Cyclops common stock from the
+Pittsburgh-based company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13499" NEWID="7978">
+<DATE>20-MAR-1987 16:23:22.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2399&#31;reute
+f f BC-******MOODY'S-DOWNGRA   03-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S DOWNGRADES BAKER INTERNATIONAL AND UPGRADES HUGHES TOOL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13500" NEWID="7979">
+<DATE>20-MAR-1987 16:23:34.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2400&#31;reute
+u f BC-EMERALD-HOMES-&lt;EHP>-S   03-20 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMERALD HOMES &lt;EHP> SETS INITIAL DISTRIBUTION</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 20 - </DATELINE><BODY>Emerald Homes L.P. said its
+general partners declared an initial 30-ct per unit
+distribution payable May 15 to unitholders of record March 31.
+    Emerald made its initial public offering February 6.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13501" NEWID="7980">
+<DATE>20-MAR-1987 16:24:32.84</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2401&#31;reute
+b f US-BUSINESS-LOAN-FULLOUT   03-20 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUSINESS LOANS FALL 660 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Business loans on the books of major
+U.S. banks, excluding acceptances, fell 660 mln dlrs to 277.93
+billion dlrs in the week ended March 11, the Federal Reserve
+Board said.
+    The Fed said that business loans including acceptances
+declined 492 mln dlrs to 280.56 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13502" NEWID="7981">
+<DATE>20-MAR-1987 16:24:46.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2402&#31;reute
+r f BC-TEXAS-CAPITAL-BANCSHA   03-20 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS CAPITAL BANCSHARES UNIT FIRST TO FILE</TITLE>
+<DATELINE>    HOUSTON, March 20 -</DATELINE><BODY>&lt;Texas Capital Bancshares> said its
+subsidiary, Texas Capital Bank-Westwood, was the first Texas
+bank to file for a statewide branch to be located in Austin.
+    The company said it filed with the Comptroller of the
+Currency under a 1986 state constitutional amendment allowing
+Texas banks to establish a limit of three branches within its
+home county.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13503" NEWID="7982">
+<DATE>20-MAR-1987 16:25:22.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2403&#31;reute
+r f BC-WATER-SPORTS-NETWORK   03-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WATER SPORTS NETWORK BUYS DEBT FROM NTN</TITLE>
+<DATELINE>    CARLSBAD, Calif., March 20 - </DATELINE><BODY>&lt;Water Sports Network> said it
+purchased 750,000 dlrs in convertible debentures from &lt;NTN
+Communications Inc>.
+    The companies said they are exploring ways to mutually
+market the programs and properties of each company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13504" NEWID="7983">
+<DATE>20-MAR-1987 16:26:04.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2404&#31;reute
+b f BC-JEFFERIES-MAKES-MARKE   03-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES MAKES MARKET IN CYCLOPS &lt;CYL></TITLE>
+<DATELINE>    NEW YORK, MARCH 20 - </DATELINE><BODY>Jefferies and Co said it is making a
+market in the stock of Cyclops Corp at 92-1/2 to 95.
+    Cyclops received a sweetened offer of 92.50 dlrs per share
+from Cyacq Acquisition Corp, led by Audio/Video Affiliates Inc
+&lt;AVA>.
+      
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13505" NEWID="7984">
+<DATE>20-MAR-1987 16:29:56.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2416&#31;reute
+d f BC-BEI-&lt;BEIH>-ACQUIRES-I   03-20 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEI &lt;BEIH> ACQUIRES IVEY-ROWTON AND ASSOCIATES</TITLE>
+<DATELINE>    ATLANTA, March 20 - </DATELINE><BODY>BEI Holdings Ltd said it acquired
+Ivey-Rowton and Associates, a Nashville, Tenn.-based bank
+marketing firm.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13506" NEWID="7985">
+<DATE>20-MAR-1987 16:31:03.96</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2417&#31;reute
+d f BC-lac   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAC MINERALS &lt;LAC> TO CLOSE LAKE SHORE MINE</TITLE>
+<DATELINE>    TORONTO, March 20 - </DATELINE><BODY>LAC Minerals Ltd said it will suspend
+underground mining and exploration at its Lake Shore Mine at
+Kirkland Lake, Ontario, on April 30, pending results of a
+surface exploration drilling program.
+    LAC said it does not expect the decision to affect
+earnings, but 44 employees will be affected.
+    The company said it has completed mining the crown pillar
+which has produced 71,000 ounces of gold since 1983. In 1986,
+the mine produced 10,600 ounces. LAC said it will continue
+surface drilling in 1987 to determine if further underground
+exploration work is warranted.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13507" NEWID="7986">
+<DATE>20-MAR-1987 16:32:34.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2420&#31;reute
+d f BC-MULTI-SOLUTIONS-&lt;MULT   03-20 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULTI SOLUTIONS &lt;MULT> UNIT ADDS CAPABILITY</TITLE>
+<DATELINE>    EDISON, N.J., March 20 - </DATELINE><BODY>Multi Solutions Inc's Multi Soft
+Inc &lt;MSOF> announced Version 3.0 of Super-Link, its application
+development system for building cooperative peer-to-peer
+applications under CICS, TSO, VM/CMS and IDMS-DC.
+    The release adds two new components to the Super-Link
+system and provides enhanced features and support for
+application connectivity on Digital's VAX computer line running
+VMS, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13508" NEWID="7987">
+<DATE>20-MAR-1987 16:32:54.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2421&#31;reute
+h f BC-SOUTHERN-HOME-SAVINGS   03-20 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN HOME SAVINGS BANK &lt;SHSB> YEAR NET</TITLE>
+<DATELINE>    PENSACOLA, Fla., March 20 -
+    </DATELINE><BODY>Shr 1.86 dlrs vs 1.85 dlrs
+    Net 1,923,304 vs 1,897,998
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13509" NEWID="7988">
+<DATE>20-MAR-1987 16:34:31.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2423&#31;reute
+r f BC-SUPER-VALU-&lt;SVU>-SETS   03-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPER VALU &lt;SVU> SETS LOWER CAPITAL SPENDING</TITLE>
+<DATELINE>    MINNEAPOLIS, March 20 - </DATELINE><BODY>Super Valu Stores Inc said its
+capital budget for the fiscal year beginning March One is 330
+mln dlrs.
+    It said it spent 363.7 mln dlrs last year, primarily
+because the previous year's budget included funding for such
+major projects as completely new distribution centers.
+    It said the current budget provides for significant
+additions to a number of its new distribution centers, for
+upgrades in computer equipment, for 10 new ShopKo stores and 70
+mln dlrs in financing for the company's independent retailer
+customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13510" NEWID="7989">
+<DATE>20-MAR-1987 16:37:10.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2429&#31;reute
+f f BC-******SALOMON-BROS-SA   03-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SALOMON BROS SAID IT WAS SUBPOENAED BY SEC REGARDING FIREMAN'S FUND, AMERICAN EXPRESS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13511" NEWID="7990">
+<DATE>20-MAR-1987 16:38:23.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2430&#31;reute
+s f BC-BINKS-MFG-CO-&lt;BIN>-RE   03-20 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BINKS MFG CO &lt;BIN> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    FRANKLIN PARK, ILL., March 20 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts previously
+    Pay April 17
+    Record March 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13512" NEWID="7991">
+<DATE>20-MAR-1987 16:38:29.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2431&#31;reute
+s f BC-WEST-CO-INC-&lt;WST>-SET   03-20 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+WEST CO INC &lt;WST> SETS REGULARY PAYOUT
+    PHOENIXVILLE, Pa., March 20
+    Qtrly div 13 cts vs 13 cts prior
+    Pay May 5
+    Record April 21
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13513" NEWID="7992">
+<DATE>20-MAR-1987 16:43:27.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2447&#31;reute
+u f BC-ALLEGHENY   03-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRM SELLS ENTIRE ALLEGHENY INT'L &lt;AG> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Southeastern Asset Management Inc
+and its two controlling shareholders said they sold their
+entire 5.6 pct stake in Allegheny International Inc.
+    In a filing with the Securities and Exchange Commission,
+Southeastern, a Memphis, Tenn. investment advisor, said it sold
+the entire 604,000-share stake between March 13 and 16 at
+prices ranging from 24.25 to 24.625 dlrs each.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13514" NEWID="7993">
+<DATE>20-MAR-1987 16:43:46.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2448&#31;reute
+r f BC-SHELDAHL   03-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE FIRM HAS 10.7 PCT OF SHELDAUL &lt;SHEL></TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Sumitomo Bakelite Co Ltd, a Japanese
+company, told the Securities and Exchange Commission it has
+acquired 325,000 shares of Sheldahl Inc, or 10.7 pct of the
+total outstanding common stock.
+    Sumitomo Bakelite said it bought the stock for 4.9 mln dlrs
+for investment purposes.
+    Under an between Sumitomo Bakelite and Sheldahl, as long as
+its stake is more than five pct, Sumitomo said it has
+preemptive rights for 60 days following notice of issuance of
+new Sheldahl common stock. As long as its stake is over 10 pct,
+it said it is entitled to Sheldahl board representation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13515" NEWID="7994">
+<DATE>20-MAR-1987 16:45:26.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2453&#31;reute
+d f BC-COMMONWEALTH-EDISON-C   03-20 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH EDISON CO &lt;CWE> 12 MONTHS NET</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Period ended Feb 28
+    Shr 4.66 dlrs vs 4.40 dlrs
+    Net 1,048,884,000 vs 959,626,000
+    Revs 5.43 billion vs 5.04 billion
+    Avg shrs 200,242,000 vs 191,840,000
+    NOTE: Per-share earnings reflect payment of preferred
+dividend requirements
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13516" NEWID="7995">
+<DATE>20-MAR-1987 16:46:38.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>costa-rica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>un</D><D>unctad</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f2458&#31;reute
+d f AM-centam-unctad   03-20 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATIN NATIONS CALL FOR ECONOMIC CO-OPERATION</TITLE>
+<DATELINE>    SAN JOSE, March 20 - </DATELINE><BODY>Representatives from 26 Latin American
+countries ended a United Nations trade meeting here today with
+a call for greater economic integration between developing and
+industrialised countries.
+    "(We) urge the international community to recognise the ...
+difficulties which confront the region," a statement released by
+the group, termed the San Jose Communique, said.
+    The meeting was held under the auspices of the Latin
+American Economic System, CEPAL, a United Nations affiliate,
+and aimed to develop a joint regional position ahead of July's
+conference in Geneva of the United Nations Conference on Trade
+and Development, UNCTAD.
+    The communique said Latin America's priority remained the
+need for sustained economic growth and for easier terms on its
+400 billion dlrs external debt.
+    Within that framework the region would be pressing in
+Geneva for more access to industrialised markets for its
+exports and for compensatory capital inflows when world prices
+for its mainly agricultural exports were low, it said.
+    The communique also said the group would press for the
+generalised system of preferences -- easy entry terms for
+developing country exports -- to be expanded.
+    UNCTAD was set up in 1964 to promote better international
+trading conditions for developing countries and help raise
+their standard of living.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13517" NEWID="7996">
+<DATE>20-MAR-1987 16:47:02.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2460&#31;reute
+b f BC-MOODY'S-CUTS-BAKER-&lt;B   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S CUTS BAKER &lt;BKO>, UPGRADES HUGHES &lt;HT></TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded the debt ratings of Baker International Corp and
+upgraded Hughes Tool Co's debt.
+    The actions affect a combined 662 mln dlrs of securities.
+    Moody's said the anticipated merger of Baker and Hughes
+Tool into Baker Hughes Inc would result in increased financial
+leverage at a time of weak demand for the combined company's
+products and services.
+    The agency cut the senior debt of Baker and its finance
+unit, Baker International Finance N.V., to Baa-1 from A-2. It
+affirmed Baker's Prime-2 commercial paper.
+    Moody's upgraded Hughes Tool's senior debt to Baa-1 from
+B-2 and subordinated debt to Baa-2 from B-3.
+    The rating agency said that a poor outlook for the oil
+services industry would pressure earnings and cash flow for
+Basker Hughes over the intermediate term.
+    However, Moody's noted that the combined company would
+benefit from cost reductions and consolidations made possible
+by the merger. Also, the company's competitive position should
+be substantially strengthened by the merger, Moody's said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13518" NEWID="7997">
+<DATE>20-MAR-1987 16:50:50.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2470&#31;reute
+u f BC-PRICE   03-20 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHN HANCOCK UNITS DUMP STAKE IN PRICE &lt;PR></TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Subsidiaries of John Hancock Mutual
+Life Insurance Co told the Securities and Exchange Commission
+they sold their entire 13.1 pct stake in Price Communications
+Corp back to the company.
+    The Hancock subsidiaries said they sold their entire
+1,627,603-share stake in Price Communications to the company
+for 11 dlrs a share on Feb 23.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13519" NEWID="7998">
+<DATE>20-MAR-1987 16:51:36.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2475&#31;reute
+r f BC-AMERICAN-ELECTRIC-&lt;AE   03-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ELECTRIC &lt;AEP> UNIT TO BUY BACK BONDS</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Ohio Power Co, a unit of American
+Electric Power Co, said it will redeem 34.4 mln dlrs of its
+first mortgage bonds on June one.
+    It will buy back at par 33 mln dlrs of its outstanding 10
+pct bonds of 2016 and 1.4 mln dlrs of its outstanding 12-7/8
+pct bonds due 2013. Also, the utility will pay accrued interest
+for the 10 pct series.
+    Transfer books for both series will be closed at the close
+of business on April 10 to allow for selection by lot of the
+bonds to be redeemed, Ohio Power said. The books will be
+reopened around April 24 when redemtion notices are mailed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13520" NEWID="7999">
+<DATE>20-MAR-1987 16:53:26.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2476&#31;reute
+b f BC-SALOMON-INC-&lt;SB>-SAID   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON INC &lt;SB> SAID IT RECEIVED SUBPOENA</TITLE>
+<DATELINE>    New York, March 20 - </DATELINE><BODY>Salomon Inc's Salomon Brothers unit
+said the Securities and Exchange Commission subpoenaed its
+records with respect to Fireman's Fund Corp, American Express
+Co, Shearson Lehman Brothers Inc, Jefferies and Co and others.
+    Salomon brothers co-managed a public offering by American
+Express of Fireman's Fund securities. Salomon said American
+Express' Shearson subsidiary was the lead manager and ran the
+books for the offering.
+    Shearson and American Express were both subpoenaed for
+documents on certain transactions.
+    American Express earlier said it was subpoenaed on
+transactions involving securities of American Express and
+Fireman's Fund, and Shearson was subpoenaed for documents on
+transactions with Jefferies and Co and others.
+    Salomon co-managed the Fireman's Fund offering in 1986.
+Salomon said it intends to comply with the subpoena and
+cooperate with the Securities and Exchange Commission. It said
+it was unaware of the SEC investigation prior to yesterday.
+    Yesterday, Boyd Jefferies, former chairman of Jefferies and
+Co, said he would plead guilty to two felony counts for
+securities law violations.
+    A Salomon Brothers official said no individuals at the firm
+were subpoenaed. An American Express spokesman did not return
+phone calls.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13521" NEWID="8000">
+<DATE>20-MAR-1987 16:53:38.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2478&#31;reute
+u f BC-******NIAGARA-MOHAWK   03-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIAGARA MOHAWK &lt;NMK> TO CUT COSTS</TITLE>
+<DATELINE>    SYRACUSE, N.Y., March 20 - </DATELINE><BODY>Niagara Mohawk Corp said it is
+"cautiously optimistic" about results improvements for 1987 and
+said it is studying measures to cut operating costs.
+    These measures include freezing management salaries,
+abolishing vacant positions and reducing overtime.
+    A spokesman said the company had no current plans to lay
+off workers. The company declined to say how much the cost
+savings would amount to.
+    A five year forecast is expected to be issued in early
+summer, a spokesperson said.
+    The company said it has redeemed about 273 mln dlrs in high
+cost debt during 1986 and hopes to redeem more debt this year.
+    For 1986, Niagara Mohawk's earnings per share fell to 2.71
+dlrs from 2.88 dlrs in 1985..
+    The company said earnings reduced primarily as a result of
+a reduction early in 1986 in earnings return on equity allowed
+by the N.Y. State Public Service COmmission.
+    Niagara said it is concerned about the continued lowering
+of authorized return and has reinforced petitions to grant a 
+fair return on equity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-008.sgm b/textClassication/reuters21578/reut2-008.sgm
new file mode 100644
index 0000000..e9dbc6d
--- /dev/null
+++ b/textClassication/reuters21578/reut2-008.sgm
@@ -0,0 +1,34168 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13522" NEWID="8001">
+<DATE>20-MAR-1987 16:54:10.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2479&#31;reute
+r f BC-GANTOS-INC-&lt;GTOS>-4TH   03-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANTOS INC &lt;GTOS> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    GRAND RAPIDS, MICH., March 20 -
+    </DATELINE><BODY>Shr 43 cts vs 37 cts
+    Net 2,276,000 vs 1,674,000
+    Revs 32.6 mln vs 24.4 mln
+    Year
+    Shr 90 cts vs 69 cts
+    Net 4,508,000 vs 3,096,000
+    Revs 101.0 mln vs 76.9 mln
+    Avg shrs 5,029,000 vs 4,464,000
+    NOTE: 1986 fiscal year ended Feb 1, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13523" NEWID="8002">
+<DATE>20-MAR-1987 16:57:13.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2484&#31;reute
+f f BC-******CHEMLAWN-CORP,   03-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHEMLAWN CORP, ECHOLAB INC SIGN DEFINITIVE MERGER AGREEMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13524" NEWID="8003">
+<DATE>20-MAR-1987 16:57:26.14</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>oilseed</D><D>soybean</D><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2485&#31;reute
+r f BC-LDC-FOOD-AID-NEEDS-DE   03-20 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LDC FOOD AID NEEDS DECLINE IN 1986/87 - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Total food aid needs in 69 of the
+least developed countries declined in 1986/87, as requirments
+fell in many countries in Africa, the Middle East and Asia, the
+U.S. Agriculture Department said.
+    In a summary of its World Agriculture Report, the
+department said grain production in sub-Saharan Africa was a
+record high in 1986, with gains in almost every country.
+    However, food needs in Central America rose, worsened by
+drought-reduced crops and civil strife.
+    Record wheat production in 1986/87 is pushing global wheat
+consumption for food to a new high, and higher yielding
+varieties have been particularly effective where spring wheat
+is a common crop, it said.
+    However, may developing countries in tropical climates,
+such as Sub-Saharan Africa, Southeast Asia, and Central
+America, are not well adapted for wheat production, and
+improved varieties are not the answer to rising food needs, the
+department said.
+    World per capita consumption of vegetable oil will rise in
+1986/87 for the third straight year.
+    Soybean oil constitutes almost 30 pct of vegetable oil
+consumption, while palm oil is the most traded, the department
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13525" NEWID="8004">
+<DATE>20-MAR-1987 17:00:29.12</DATE>
+<TOPICS><D>sugar</D><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2491&#31;reute
+b f BC-/U.S.-SUGAR-PROGRAM-C   03-20 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUGAR PROGRAM CUT SENT TO CONGRESS BY USDA</TITLE>
+<DATELINE>    WASHINGTON, MARCH 20 - </DATELINE><BODY>The U.S. Agriculture Department 
+formally transmitted to Congress a long-awaited proposal to
+drastically slash the sugar loan rate and compensate growers
+for the cut with targeted income payments.
+    In a letter to the Congressional leadership accompanying
+the "Sugar Program Improvements Act of 1987", Peter Myers,
+Deputy Agriculture Secretary, said the Reagan administration
+wants the sugar loan rate cut to 12 cents per pound beginning
+with the 1987 crop, down from 18 cts now.
+    Sugarcane and beet growers would be compensated by the
+government for the price support cut with targeted income
+payments over the four years 1988 to 1991. The payments would
+cost an estimated 1.1 billion dlrs, Myers said.
+    The administration sugar proposal is expected to be
+introduced in the House of Representatives next week by Rep.
+John Porter, R-Ill.
+    Congressional sources said the program cut is so drastic it
+is unlikely to be adopted in either the House or Senate because
+politically-influential sugar and corn growers
+and high fructose corn syrup producers will strongly resist.
+    The direct payment plan outlined by the administration 
+targets subsidies to small cane and beet growers and gradually
+lowers payments over four years. It also excludes from payment
+any output exceeding 20,000 short tons raw sugar per grower.
+    For example, on the first 350 tons of production, a grower
+would receive 6 cts per lb in fiscal 1988, 4.5 cts in 1989, 3
+cts in 1990 and 1.5 cts in 1991.
+    The income payments would be based on the amount of
+commercially recoverable sugar produced by a farmer in the 1985
+or 1986 crop years, whichever is less, USDA said.
+    Myers said the administration is proposing drastic changes
+in the sugar program because the current high price support is
+causing adverse trends in the sugar industry.
+    He said the current program has artificially stimulated
+domestic sugar and corn sweetener production which has allowed
+corn sweeteners to make market inroads.
+    U.S. sugar consumption has declined which has resulted in a
+"progressive contraction" of the sugar import quota to only one
+mln short tons this year, he said. This has hurt cane sugar
+refiners who rely on imported sugar processing.
+    Furthermore, USDA said the current sugar program gives
+overseas manufacturers of sugar-containing products a
+competitive advantage. The result has been higher imports of
+sugar-containing products and a flight of U.S. processing
+facilities overseas to take advantage of cheaper sugar.
+    USDA also said the current program imposes a heavy cost on
+U.S. consumers and industrial users. In fiscal 1987, USDA said
+consumers are paying nearly two billion dlrs more than
+necessary for sugar.
+    "Enactment of this bill will reduce the price gap between
+sweeteners and help to correct or stabilize the many adverse
+impacts and trends which the sugar industry is currently
+facing," Myers said.
+    The following table lists the rate of payments, in cts per
+lb, to growers and the quantity covered, in short tons
+recoverable raw sugar, under the administration's proposal to
+compensate sugar growers with targeted payments.
+    QUANTITY            1988     1989      1990      1991
+First 350 tons         6.000    4.500     3.000     1.500
+Over 350 to 700        5.750    4.313     2.875     1.438
+Over 700 to 1,000      5.500    4.125     2.750     1.375
+Over 1,000 to 1,500    5.000    3.750     2.500     1.250
+Over 1,500 to 3,000    4.500    3.375     2.250     1.125
+Over 3,000 to 6,000    3.500    2.625     1.750     0.875
+Over 6,000 to 10,000   2.250    1.688     1.125     0.563
+Over 10,000 to 20,000  0.500    0.375     0.250     0.125
+Over 20,000 tons        nil      nil       nil       nil 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13526" NEWID="8005">
+<DATE>20-MAR-1987 17:00:52.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2494&#31;reute
+d f BC-oink   03-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;OE INC> 4TH QTR NET</TITLE>
+<DATELINE>    MONTREAL, March 20 -
+    </DATELINE><BODY>Shr 24 cts vs 26 cts
+    Net 1.5 mln vs 1.3 mln
+    Revs 40.5 mln vs 33.5 mln
+    Year
+    Shr 80 cts vs 82 cts
+    Net 4.9 mln vs 4.1 mln
+    Revs 143.0 mln vs 121.1 mln
+    Avg shrs 6.1 mln vs 5.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13527" NEWID="8006">
+<DATE>20-MAR-1987 17:01:28.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2497&#31;reute
+r f BC-TEXAS-INSTRUMENTS-&lt;TX   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INSTRUMENTS &lt;TXN> BEGINS BUILDING PLANT</TITLE>
+<DATELINE>    DALLAS, March 20 - </DATELINE><BODY>Texas Instruments Inc said construction
+will begin in April on a new plant near Denton, Texas, on 193
+acres owned by the company.
+    It said the plant will initially employ between 1,000 and
+1,500 people, and will be used by its Defense Systems and
+Electronics Group for producing electronic equipemnt. The plant
+is expected to be operational in late 1988.
+    Separately, the company said it leased about 185,000 square
+feet of a complex in Texas for its Defense Systems group. It
+plans to transfer about 700 employees to work at the site by
+the third quarter of 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13528" NEWID="8007">
+<DATE>20-MAR-1987 17:06:31.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2510&#31;reute
+w f BC-VMS-MORTGAGE-LP-&lt;VMLP   03-20 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS MORTGAGE LP &lt;VMLPZ> MONTHLY CASH PAYOUT</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>VMS Mortgage L.P. said it declared a
+regular monthly cash distribution of nine cts a depositary unit
+for the month of March, payable May 14, record April One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13529" NEWID="8008">
+<DATE>20-MAR-1987 17:06:47.92</DATE>
+<TOPICS><D>livestock</D><D>pork-belly</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2512&#31;reute
+u f BC-LITTLE-EFFECT-SEEN-FR   03-20 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLE EFFECT SEEN FROM COLD STORAGE REPORT</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>The USDA monthly cold storage report
+for meats is expected to have little, if any, effect on
+livestock and meat futures at the Chicago Mercantile Exchange
+Monday and daily fundamentals will likely provide the bulk of
+direction, livestock analysts said.
+    The increase of 66.4 mln lbs in total poultry offsets the
+22.6 mln lbs decline in total red meats. Fundamentals may
+provide most of the direction in futures on Monday, they said.
+    "I think the market is going to be looking at some other
+things and accentuate whatever the action of cash markets might
+be early next week," Jerry Gidel, livestock analyst for GH
+Miller, said.
+    Shearson Lehman livestock analyst Chuck Levitt said futures
+will be in the shadow of a little larger seasonal hog
+marketings pace next week. Also, Easter ham business was
+completed this week and there may be less aggressive interest
+for pork in general next week.
+    "We needed some help from the cold storage report to avert
+a possible setback next week in the pork complex," Levitt said.
+    Analysts agreed with CME floor traders and called the belly
+figure neutral to slightly negative. Although belly stocks were
+down 33 pct from last year, they exceeded the average
+expectation and actually showed a lighter than expected decline
+from last month due to an adjustment to last month's holdings,
+they said.
+    However, analysts noted that the amount of bellies put in
+storage has been light since the beginning of March and this is
+a potentially bullish situation.
+    Glenn Grimes, agronomist at the University of Missouri,
+said, "I would not look for (belly) storage during the next
+month or two to be heavier than a year ago - I think it will be
+less."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13530" NEWID="8009">
+<DATE>20-MAR-1987 17:07:44.99</DATE>
+<TOPICS><D>ship</D><D>grain</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2515&#31;reute
+h f BC-SEAWAY (PIX-EXPECTED)  03-20 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRIKE THREAT, LOWER TRAFFIC MAR SEAWAY OPENING</TITLE>
+<AUTHOR>    By Jane Arraf, Reuters</AUTHOR>
+<DATELINE>    MONTREAL, March 20, Reuter - </DATELINE><BODY>The St. Lawrence Seaway, set
+to reopen March 31 after the winter, faces another tough year
+because of depressed traffic levels and the possibility of the
+first strike in 20 years on the Great Lakes, seaway officials
+said.
+    Depressed grain exports, rising costs, and competing modes
+of transportation are all expected to result in only a marginal
+increase over last year's traffic levels -- and revenues -- on
+the 2,300 mile waterway, officials said.
+    In 1986, a season that ran from April 3 to December 27, the
+seaway moved 37.6 mln metric tons of freight between Montreal
+and Lake Ontario and 41.6 mln tons on the Welland Canal,
+linking Lake Erie and Lake Ontario.
+    By comparison, in 1985 about 37 mln tons of cargo traveled
+through the Montreal-Lake Ontario section and 42 mln through
+the eight-lock canal.
+    The waterway is expected to lose 9-10 mln Canadian dlrs
+this year, about the same as the estimated deficit for fiscal
+1986-87 ending March 31, said William Blair, an executive
+member of Canada's St Lawrence Seaway Authority.
+    The seaway moves about one-half of Canada's exported grain.
+Those exports of the single most important commodity carried on
+the waterway have been depressed by world surpluses.
+    The Seafarers' International Union, which represents about
+2,300 workers on the Great Lakes and the ocean coasts, has said
+it will likely go on strike this spring to protest employers'
+demands for wage rollbacks and other concessions.
+    "It's 99.9 pct (certain)--I guarantee you a strike," Roman
+Gralewicz, head of the Seafarers' Canadian branch, has said.
+    The Canadian government has called in a labor conciliator
+to try to hammer out a contract agreement between the two
+sides. The seaway authority said a walkout tying up ships on
+the Great Lakes would badly hurt traffic.
+    "We haven't had a strike on the seaway for years...a
+prolonged strike would have a disasterous effect," Seaway
+Authority spokeswoman Gay Hemsley said.
+    "These are the heaviest contract talks in the history of the
+St Lawrence Seaway," George Miller, vice-president of the
+Canadian Lake Carriers Association, an association of major
+Canadian shipping companies, said recently.
+    The workers' current contract expires May 31. The
+association said it is asking for a five per cent cut in wages
+for the next three years, reduced crew levels and the power to
+restructure crew dispatching.
+    The association said its members recorded about a 6 mln dlrs
+(U.S.) loss in each of 1985 and 1986 due to lower traffic and
+freight rates and increasing competition. The seaway said 1985
+was its worst year in two decades.
+    Hemsley said the seaway authority plans to raise tolls on
+the Welland Canal by eight pct this year, compared to last
+year's 15 pct rise, while maintaining a freeze on tolls
+throughout the rest of the waterway.
+    Canada is responsible for 13 of the seaway's 15 locks and
+about 85 pct of its revenues and maintenance costs.
+    "We may see and hope for a steady upward climb...but we
+won't see a major increase for a number of years," Hemsley said.
+    A Canada-U.S. delegation to promote the seaway to shippers
+in Western Europe should result in some increased traffic this
+season but the full benefits won't be felt for several years,
+Blair said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13531" NEWID="8010">
+<DATE>20-MAR-1987 17:07:50.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2516&#31;reute
+u f BC-CHEMLAWN-&lt;CHEM>,-ECOL   03-20 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMLAWN &lt;CHEM>, ECOLAB &lt;ECON> IN MERGER PACT</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 20 - </DATELINE><BODY>Chemlawn Corp and Ecolab Inc
+said they signed a definitive merger agreement under which
+Ecolab will buy all outstanding Chemlawn common stock for 36.50
+dlrs a share in cash, for a total of about 370 mln dlrs.
+    Under terms of the agreement, Chemlawn said it rescinded
+its previously announced rights dividend plan.
+    Chemlawn previously rejected a 27 dlr a share offer from
+Waste Management Inc &lt;WMX>.
+    Yesterday, the Oak Brook, Ill.-based waste disposal company
+said it was prepared to offer 33 dlrs a share, or about 330 mln
+dlrs, for Chemlawn, a lawn-care company.
+    Chemlawn had said last week that it was negotiating with
+other possible suitors, which it did not identify.
+    A Chemlawn spokesman said further details on the merger
+would be issued later.
+    Ecolab is a maker of commercial laundry detergent based in
+St. Paul, Minn. For its first six months ended December 31, the
+company earned 20.4 mln dlrs, or 76 cts a share, on sales of
+421.8 mln dlrs.
+    Officials at Waste Management could not be reached for
+immediate comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13532" NEWID="8011">
+<DATE>20-MAR-1987 17:10:14.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2524&#31;reute
+b f BC-******LILCO-REVISES-1   03-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LILCO REVISES 1986 NET TO INCLUDE 16 MLN DLR LOSS PROVISION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13533" NEWID="8012">
+<DATE>20-MAR-1987 17:12:06.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2527&#31;reute
+h f BC-FALCON-CABLE-&lt;FAL>-SE   03-20 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FALCON CABLE &lt;FAL> SETS INITIAL DISTRIBUTION</TITLE>
+<DATELINE>    PASADENA, Calif., March 20 - </DATELINE><BODY>Falcon Cable Systems Co said
+its set an initial quarterly cash distribution of 53.75 cts per
+unit, payable May 15 to unitholders of record March 31.
+    The partnership made its initial public offering in
+December, 1986.
+    Falcon said it expects to pay cash distributions to limited
+partners at an annual rate of 2.15 dlrs per unit, through
+December 31, 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13534" NEWID="8013">
+<DATE>20-MAR-1987 17:12:35.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2530&#31;reute
+u f BC-GENERAL-DYNAMICS-&lt;GD>   03-20 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL DYNAMICS &lt;GD> GETS 67.9 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The Electric Boat Division of
+General Dynamics Corp is being awarded a 67.9 mln dlr
+modification to a Navy contract for architectural, engineering
+and hardware development work for a submarine improvement
+program, the Defense Department said.
+    It said the work is expected to be completed September 30,
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13535" NEWID="8014">
+<DATE>20-MAR-1987 17:15:01.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2533&#31;reute
+r f BC-SONAT-&lt;SNT>-UNIT-FILE   03-20 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONAT &lt;SNT> UNIT FILES FOR DEBENTURE OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Southern Natural Gas Co, a unit of
+Sonat Inc, said it filed with the Securities and Exchange
+Commission a registration statement covering a 100 mln dlr
+issue of debentures due 1999.
+    Proceeds will be used, together with funds from the
+company's operations, to redeem Southern Natural's 15 pct
+sinking fund debentures of 1991.
+    The company named Goldman, Sachs and Co, Lazard Freres and
+Co and Merrill Lynch Capital Markets as managing underwriters
+of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13536" NEWID="8015">
+<DATE>20-MAR-1987 17:16:21.60</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2536&#31;reute
+r f BC-BIDS-AWARDED-FOR-ELK   03-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIDS AWARDED FOR ELK HILLS CRUDE OIL</TITLE>
+<DATELINE>    LOS ANGELES, March 20 - </DATELINE><BODY>The U.S. Department of Energy said
+it has awarded bids for about 90,000 barrels per day, bpd, of
+crude oil from the Elk Hills Naval Petroleum Reserve in
+California. The contract period runs from April one through
+July one, the DOE said.
+    Successful bidders, the amount of crude oil and the price
+per bbl according to the DOE are as follows - 
+    Texaco Inc's &lt;TX> Texaco Trading and Transport 15,000 bpd
+at 15.79 dlrs and 2,200 bpd at 15.19 dlrs, Beacon Oil Co 7,000
+bpd at 15.66 dlrs and 2,500 bpd at 16.04 dlrs, Golden West
+Refining 8,110 bpd at 15.42 dlrs.
+    Successful bidders, the amount of oil and price per bbl,
+according to the DOE continue as follows -
+    Chevron's &lt;CHV> Chevron USA Inc 3,000 bpd at 14.51 dlrs and
+4,000 bpd at 14.61 dlrs, Chevron International Oil Co 2,600 bpd
+at 14.41 dlrs and 2,800 bpd at 14.51 dlrs, Newhall Refining Co
+6,000 bpd at 15.82 dlrs, Caljet Inc 4,000 bpd at 15.32 dlrs,
+Casey Co 4,000 bpd at 15.45 dlrs.
+    Also, Cryssen Refining Inc 4,000 bpd at 15.47 dlrs,
+Edgington Oil Co 4,000 bpd at 15.54 dlrs, Sound Refining Inc
+3,100 bpd at 15.51 dlrs, Atlantic Richfield Co &lt;ARC> 3,000 bpd
+at 15.75 dlrs.
+    Successful bidders, the amount of crude oil and the price
+per bbl according to the DOE continue as follows -
+    Orkin Inc 2,679 bpd at 15.24 dlrs, Lunday-Thagard Co 2,511
+bpd at 15.27 dlrs, Golden Eagle Refining 2,500 bpd at 15.37
+dlrs, MacMillan Ring-Free Oil Co 1,000 bpd at 15.81 dlrs, 1,000
+bpd at 15.71 dlrs and 230 bpd at 16.02 dlrs, Mock Resources
+2,000 bpd at 15.76 dlrs, Petro-Diamond 2,000 bpd at 15.46 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13537" NEWID="8016">
+<DATE>20-MAR-1987 17:20:28.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2544&#31;reute
+s f BC-MONTGOMERY-STREET-INC   03-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTGOMERY STREET INCOME &lt;MTS> MONTHLY DIVIDEND</TITLE>
+<DATELINE>    SAN FRANCISCO, March 20 -
+    </DATELINE><BODY>Mthly div 15 cts vs 15 cts
+    Pay April 15
+    Record April 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13538" NEWID="8017">
+<DATE>20-MAR-1987 17:20:54.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2545&#31;reute
+r f BC-sullivan-mines-inc   03-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SULLIVAN MINES INC> YEAR LOSS</TITLE>
+<DATELINE>    MONTREAL, March 20 -
+    </DATELINE><BODY>Oper shr loss 12 cts vs profit four cts
+    Oper loss 1,069,000 vs profit 339,000
+    Revs 12.8 mln vs 10.9 mln
+    Note: 1986 shr and net exclude extraordinary gain of
+382,000 dlrs or four cts share. 1985 shr and net exclude
+extraordinary gain of 183,000 dlrs or two cts share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13539" NEWID="8018">
+<DATE>20-MAR-1987 17:21:38.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2547&#31;reute
+u f BC-GRUMMAN-&lt;GQ>-GETS-109   03-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRUMMAN &lt;GQ> GETS 109.1 MLN DLR NAVY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Grumman Aerospace Corp is being
+awarded a 109.1 mln dlr increment of funds to a Navy contract
+for 12 EA-6B Prowler Electronic Warfare aircraft, the Defense
+Department said.
+    It said the work is expected to be completed in July 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13540" NEWID="8019">
+<DATE>20-MAR-1987 17:23:12.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2549&#31;reute
+r f BC-MORTON-THIOKOL-&lt;MTI>   03-20 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORTON THIOKOL &lt;MTI> GETS 61.4 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Morton Thiokol Inc's Wasatch
+Operations is being awarded a 61.4 mln dlr contract
+modification finalizing a previously awarded contract for
+missile rocket motors for Terrier, Tarter and Aegis ships, the
+Defense Department said.
+    It said the work is expected to be completed in October 
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13541" NEWID="8020">
+<DATE>20-MAR-1987 17:26:53.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2560&#31;reute
+u f BC-CYCLOPS   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRM HAS 7.1 PCT OF CYCLOPS &lt;CYL&lt;</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>Halcyon Investments, a New York risk
+arbitrage and securities dealing partnership, told the
+Securities and Exchange Commission it has acquired 288,000
+shares of Cyclops Corp, or 7.1 pct of the total outstanding.
+    Halcyon said it bought the stake for 26.1 mln dlrs as part
+of its ordinary risk arbitrage and securities trading business.
+Other than that, the firm said there was no specific purpose in
+its purchases.
+    Halcyon said it might buy more stock or sell some or all of
+its current stake. It said it bought the bulk of its stake
+between Feb 6 and March 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13542" NEWID="8021">
+<DATE>20-MAR-1987 17:27:19.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f2561&#31;reute
+d f BC-chrysler-credit-canad   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER'S &lt;C> CREDIT CANADA PLACED ON CREDITWATCH</TITLE>
+<DATELINE>    Montreal, March 20 - </DATELINE><BODY>Canadian Bond Rating Service said it
+placed Chrysler Credit Canada Ltd, a subsidiary of Chrysler
+Corp &lt;C>, on creditwatch until all financial details concerning
+the proposed acquisition of American Motors Corp &lt;AMO> are
+finalized.
+    The creditwatch affects Chrysler Credit Canada's short term
+notes, guaranteed notes, debentures and the recently completed
+75 mln dlr 9.25 Eurobond issue due April 15, 1993.
+    Canadian Bond Rating Service said that, based on facts
+currently available on the proposed transaction, it does not
+anticipate the necessity of a downgrade.
+    Canadian Bond Rating Service said Chrysler Credit Canada
+short term notes are now rated A-2 (high) and guaranteed notes
+and debentures are rated B plus plus (high).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13543" NEWID="8022">
+<DATE>20-MAR-1987 17:27:55.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2565&#31;reute
+u f BC-LILCO-&lt;LIL>-REVISES-1   03-20 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LILCO &lt;LIL> REVISES 1986 NET TO INCLUDE LOSS</TITLE>
+<DATELINE>    HICKSVILLE, N.Y., March 20 - </DATELINE><BODY>Long Island Lighting Co said
+it revised its preliminary 1986 net income to include a 16 mln
+dlrs after tax provision for its investment in the Jamesport
+Nuclear units.
+    Due to the provision, it said its revised 1986 net income
+was 316.7 mln dlrs or 2.13 dlrs per share after deducting for
+preferred stock dividend requirements, which were not paid in
+either 1986 or 1985.
+    It had earlier reported 1986 income of 332.7 mln dlrs or
+2.28 dlrs per share.
+    LILCO also said its board authorized contracts for its 
+corporate officers calling for payment of one year's salary,
+and continuation of insurance and retirement benefits if the
+company changes hands and these officers lose their jobs.
+    LILCO said none of these contracts will result in
+additional costs to its customers.
+    Lilco said the downward revision in its 1986 earnings is a
+reserve established to reflect a settlement agreement with the
+staff of New York State's Public Service Commission respecting
+the utility's spending on a nuclear power station planned for,
+but never built at, Jamestown, N.Y.
+    The company declined to detail the settlement, explaining
+the settlement has not been approved by the commission. Lilco
+was seeking to include costs totaling 118 mln dlrs for the
+abandoned nuclear power plant project in its rate base, a
+spokeswoman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13544" NEWID="8023">
+<DATE>20-MAR-1987 17:29:58.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2571&#31;reute
+d f BC-ROGERS-&lt;ROG>-ADOPTS-R   03-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROGERS &lt;ROG> ADOPTS RIGHTS PLAN</TITLE>
+<DATELINE>    ROGERS, Conn., March 20 - </DATELINE><BODY>Rogers Corp said its board
+approved a shareholder rights plan designed to protect its
+shareholders in the event of an attempted hostile takeover.
+    Rogers said the plan is not being adopted in response to
+any specific takeover attempt.
+    Under the plan, shareholders may buy one share of common
+stock at 65 dlrs for each share held. The rights will be
+exercisable only if a person or group acquires 20 pct or more
+of Rogers' shares or announces an offer for 30 pct or more.
+    The dividend distribution will be made March 30 to holders
+or record on that date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13545" NEWID="8024">
+<DATE>20-MAR-1987 17:32:18.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2575&#31;reute
+u f BC-WALL-STREET-SURVIVES   03-20 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET SURVIVES TRIPLE EXPIRATIONS</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 20 -  </DATELINE><BODY>The four-times-a-year "triple
+witching hour" did not jolt Wall Street as much as it has in
+the past.
+    Market averages finished sharply higher as stock index
+futures, index options and options on individual stocks expired
+simultaenously. Some analysts warned part of the gain may be
+retraced next week. But there were signs Wall Street is getting
+used to the phenomeon which causes a huge burst of activity in
+the final minutes. Officials of the New York Stock Exchange
+said the day went smoothly and efficiently.
+    "This has been one of the few times that the consensus has
+been right," said Jim Creber, trader at Miller, Tabak, Hirsch
+and Co.
+    He expects a "follow-through" Monday and Tuesday to the
+advance which lifted the Dow Jones Industrial Average 34 points
+for the day and 75 points for the entire week.
+    Creber, whose firm was one of the first to get involved in
+arbitrage activity involving index futures and options, said
+the general trend of the market has been upward for months.
+"Every time the market comes in, somebody comes along with more
+money," he said.
+    He said investors adding to Individual Retirement Accounts
+prior to a mid-April tax deadline and buying from Japanese
+investors are apparently helping push stocks higher.
+    Ron Feinstein, an analyst with Dean Witter Reynolds Inc,
+said reports of heavy Japanese buying, just prior to the end of
+the fiscal year in Japan, fueled bullish sentiment.
+    He said investors who had long positions in stocks hedged
+with short positions in index futures rolled the expiring March
+futures over into June contracts. But he added different
+players with other goals also were active and there was no
+simple explanation of the market's gyrations.
+    For example, Feinstein noted the June contract for the June
+Standard and Poor's 500 stock index future hit 300 about 15
+minutes prior to the close of NYSE trading. In 12 minutes, the
+contracted dipped to 297.50. "That could have been a wave of
+selling from institutional people making a roll," he said.
+    It was the first time a nearby contract of the S and P 500
+hit 300. The cash index closed at a record 298.17. "It looks
+like the market is going to continue to go higher," he said.
+    "Triple expirations didn't really mean that much, it was a
+strong day for stocks," said Steve Chronowitz of Smith Barney,
+Harris Upham and Co.
+    Chronowitz said the stock market has been underpinned by
+"good solid buying interest" which will cushion any pullback.
+    Other investors who were long futures and short stocks
+bought stocks on the close today instead of rolling over, said
+Mark Zurack of Goldman, Sachs and Co. He cautioned against
+"over-dramatizing" the day's activity, which said was more a
+reflection of fundamental strength in the markets.
+    Leigh Stevens of PaineWebber Group Inc said what he saw was
+mostly covering of short positions in stocks as index options
+and individual options expired. He said there could be a
+decline early next week in the stock market.
+    "It looked like it worked well today," said Howard Kramer,
+asssistant director of market regulation for the Securities and
+Exchange Commission. But he said all of the data will have to
+be analyzed next week.
+    He said there was relatively little commotion at the close,
+with about 50 mln shares changing hands in the final minute
+compared to 85 mln in the triple expirations three months
+earlier. He noted the Dow industrials jumped about 12 points in
+the closing minutes, a modest move for a 2333-point index.
+    Kramer pointed out an SEC-NYSE measure to curb volatility,
+disclosure of "market-on-close" orders in 50 major stocks 30
+minutes prior to the end of trading, showed imbalances of
+modest proportions. The disclosures are aimed at evening out
+volatility by attracting orders on the opposite side of the
+imbalance.
+    The data showed more buy orders than sell orders for 47
+stocks, a preponderance of sell orders for only one stock, and
+no significant imbalance for two stocks. The NYSE had tightened
+a rule governing what type of market on close orders can be
+accepted in the final half hour.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13546" NEWID="8025">
+<DATE>20-MAR-1987 17:39:14.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2586&#31;reute
+s f BC-EASTGROUP-PROPERTIES   03-20 0037</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+EASTGROUP PROPERTIES &lt;EGP> DIVIDEND
+    JACKSON, MISS., May 20
+    Qtly div 65 cts vs 65 cts prior
+    Payable APril 22
+    REcord April 10
+    NOTE:Company paid 30 cts special dividend along with prior
+quarter's dividend
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13547" NEWID="8026">
+<DATE>20-MAR-1987 17:40:10.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2588&#31;reute
+r f BC-SUNBELT-NURSERY-GROUP   03-20 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNBELT NURSERY GROUP INC &lt;SBN> 2ND QTR FEB 28</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 20 -
+    </DATELINE><BODY>Shr loss 40 cts vs loss 29 cts
+    Net loss 1.5 mln vs loss 1.1 mln
+    Revs 28.9 mln vs 28.5 mln
+    Six months
+    Shr loss 99 cts vs loss 69 cts
+    Net loss 3.7 mln vs loss 2.6 mln
+    Revs 52.5 mln vs 51.7 mln
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13548" NEWID="8027">
+<DATE>20-MAR-1987 17:41:26.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2590&#31;reute
+d f BC-MARCOM-TELECOMMUNICAT   03-20 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARCOM TELECOMMUNICATIONS &lt;MRCM> 2ND QTR JAN 31</TITLE>
+<DATELINE>    WEST PALM BEACH, Fla., March 20 -
+    </DATELINE><BODY>Oper shr loss five cts vs loss six cts
+    Oper net loss 157,688 vs loss 96,573
+    Revs 1,094,331 vs 1,378,973
+    Avg shrs 3,315,654 vs 1,661,023
+    Six mths
+    Oper shr loss seven cts vs loss 24 cts
+    Oper net loss 198,555 vs loss 394,589
+    Net 2,243,377 vs 2,440,850
+    Avg shrs 2,796,848 vs 1,637,592
+    NOTE: Current year 2nd qtr and six mths excludes a loss
+10,767 dlrs for discontinued operations.
+    Prior year 2nd qtr and six mths excludes a loss of 54,686
+dlrs and 112,565 dlrs for discontinued operations.
+    Full name of company is Marcom Telecommunications Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13549" NEWID="8028">
+<DATE>20-MAR-1987 17:43:13.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2600&#31;reute
+s f BC-EASTPARK-REALTY-TRUST   03-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTPARK REALTY TRUST &lt;ERT> QTLY DIV</TITLE>
+<DATELINE>    JACKSON, MISS, March 20 -
+    </DATELINE><BODY>Qlty div 25 cts vs 25 cts prior
+    Payable April 22
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13550" NEWID="8029">
+<DATE>20-MAR-1987 17:44:23.79</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2604&#31;reute
+h f AM-TRADE   03-20 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA'S CLARK SEES TRADE AS MOST URGENT PROBLEM</TITLE>
+<AUTHOR>    By Dean Lokken, Reuters</AUTHOR>
+<DATELINE>    SAN FRANCISCO, March 20 - </DATELINE><BODY>Trade is the most urgent problem
+facing U.S.-Canadian relations because of a pressing need to
+reach a new bilateral pact within the coming months, Joe Clark,
+Canadian secretary of state for external affairs, said.
+    Negotiators for the two countries have been meeting for
+more than a year in an effort to work out an agreement.
+    "The most urgent problem now is the trade question because
+that has to be decided within the next 10 months," Clark told
+the Commonwealth Club of California. "We have a fast track
+authority from your Congress for approval or rejection of
+whatever the negotiators achieve."
+    Clark said that, as a practical matter, an initial
+agreement must be reached by late September or early October.
+    He listed environmental questions, particularly acid rain,
+and defense as the second and third most important bilateral
+issues facing Ottawa and Washington.
+    On Wednesday, President Reagan announced that he will seek
+2.5 billion dlrs from Congress to address the acid rain
+problem. Some interpreted the move as a goodwill gesture in
+advance of his annual meeting, on April 5-6 in Ottawa, with
+Prime Minister Brian Mulroney.
+    In a question-and-answer session with the public affairs
+group, Clark said that the two countries must find better
+mechanisms for resolving their trade disputes.
+    "This rash of countervailing actions, where we acted on
+corn and you acted on soft wood and we both said they were
+quasijudicial -- the dispute resolution mechanisims in place
+now are not working adequately in either of our interests," he
+said.
+    Ottawa also is seeking to change some of Washington's rules
+on government procurement that penalize Canadian businesses, he
+said.
+    "There are a number of Canadian companies that, in order to
+secure substantial contracts in the United States, have had to
+move their head offices out of our country into your country
+because you have national procurement requirements," he said.
+    In turn, he added, the United States would like to change
+some of the procurement requirements that exist at the
+provincial government level in Canada.
+    Clark declined to forecast the outcome of the discussions.
+    "What will come out of it remains for the negotiators, in
+the first instance, to propose, and then governments and
+congresses will have judge," he said.
+    In his prepared remarks, Clark said that the United States
+has tended to take Canada for granted, although it exports to
+its northern neighbor more than twice what it exports to Japan.
+"Yet you bought almost 10 per cent more from Japan last year
+than you bought from Canada," he said. REUTER
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13551" NEWID="8030">
+<DATE>20-MAR-1987 17:45:15.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2605&#31;reute
+h f BC-ESSEX-CORP-&lt;ESEX>-YEA   03-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSEX CORP &lt;ESEX> YEAR END LOSS</TITLE>
+<DATELINE>    ALEXANDRIA, Va., March 20 -
+    </DATELINE><BODY>Oper shr loss 11 cts vs profit 33 cts
+    Oper net loss 132,000 vs profit 408,000
+    Revs 25.2 mln vs 23.0 mln
+    NOTE: 1986 and 1985 oper net excludes a loss of 636,000
+dlrs or 52 cts per share and a loss of 994,000 dlrs or 80 cts
+per share for discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13552" NEWID="8031">
+<DATE>20-MAR-1987 17:45:24.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2606&#31;reute
+r f BC-DELTA-   03-20 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LAUNCHES INDONESIAN COMMUNICATIONS SATELLITE</TITLE>
+<DATELINE>    CAPE CANAVERAL, March 20 - </DATELINE><BODY>NASA launched an Indonesian
+communications satellite aboard a Delta rocket, marking the
+first international payload to be put into orbit since the
+Challenger disaster more than a year ago.
+    The 43 mln dlr satellite, the Palapa B2-P, was launched as
+the result of an agreement reached last year between President
+Ronald Reagan and Indonesia's President Suharto when they met
+on Bali.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13553" NEWID="8032">
+<DATE>20-MAR-1987 17:50:45.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2617&#31;reute
+r f BC-sulpetro   03-20 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SULPETRO  LTD> YEAR OCT 31 LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 20 -
+    </DATELINE><BODY>Shr loss 19.22 dlrs vs loss 3.90 dlrs
+    Net loss 276.4 mln vs loss 45.6 mln
+    Revs 85.4 mln vs 113.3 mln
+    NOTE: Shr results after deducting preferred share dividends
+of 13.1 mln dlrs in both periods.
+    Current loss includes a 125 mln dlr writedown of oil and
+gas properties, a 67 mln dlr writeoff of deferred charges, a
+22.5 mln dlr loss on disposal of U.K. properties, a 21.2 mln
+dlr equity loss from affiliate Sulbath Exploration ltd and a
+4.6 mln dlr loss on other investments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13554" NEWID="8033">
+<DATE>20-MAR-1987 17:51:40.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2619&#31;reute
+d f BC-alberta-budget-sets   03-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALBERTA BUDGET SETS TAX INCREASE, LOWER DEFICIT</TITLE>
+<DATELINE>    EDMONTON, Alberta, March 20 - </DATELINE><BODY>The Alberta provincial
+government will increase its general corporate tax rate on
+April 1 to 15 pct from 11 pct under its 1987-88 budget
+announced today, provincial treasurer Dick Johnston said.
+    The budget forecasts the 1987-88 provincial deficit to be
+1.90 billion dlrs, compared to a forecast deficit of 3.30
+billion dlrs for fiscal 1987, which ends March 31, Johnston
+said.
+    The budget forecasts fiscal 1988 revenues of 8.63 billion
+dlrs and expenditures of 10.42 billion dlrs, Johnston said.
+    The provincial budget raises combined personal and
+corporate income taxes by about 20 pct, Johnston said.
+    Johnston told a news conference taxes were increased after
+revenues from oil and gas taxes fell by 64 pct last year and
+are not expected to increase sharply in the short term.
+    The provincial government expects resource tax revenues for
+fiscal 1987 to fall to 1.30 billion dlrs from a previously
+estimated 2.20 billion dlrs, compared to 3.60 billion dlrs
+collected in fiscal 1986 before the collapse in oil prices.
+    Johnston told reporters he needed to raise taxes in order
+to begin moving towards a balanced budget in 1990-91.
+    Johnston said the personal income tax increase takes three
+forms. The basic provincial tax rate rises to 46.5 pct from
+43.5 pct of the basic federal income tax rate.
+    The provincial budget also imposed a temporary eight pct
+surtax on individuals with taxable income of more than 36,000
+dlrs, he said.
+    In addition, the government levied a flat one pct surtax on
+all individuals with taxable income.
+    Johnston said overall government spending of 10.42 billion
+dlrs represents a cut of 4.4 pct, but various grants and tax
+credits for agriculture and energy industries will remain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13556" NEWID="8034">
+<DATE>20-MAR-1987 17:54:04.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2622&#31;reute
+d f BC-WISCONSIN-ELECTRIC-&lt;W   03-20 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WISCONSIN ELECTRIC &lt;WTC> OFFERS PREFERRED</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Wisconsin Electric Power Co said it
+began a public offering of 700,000 shares of serial preferred
+stock, 6-3/4 pct series, 100 dlrs par value, at a price of 100
+dlrs per share.
+    The shares are being offered pursuant to a shelf
+registration covering 700,000 sahres of serial preferred stock
+which the company filed on February 19, 1987.
+    Proceeds will be used to redeem outstanding preferred stock
+or for repayment of short-term indebtedness.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13557" NEWID="8035">
+<DATE>20-MAR-1987 17:55:02.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2623&#31;reute
+r f BC-TEXAS-AIR-&lt;TEX>-UNIT   03-20 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR &lt;TEX> UNIT SELLS EQUIPMENT-BACKED DEBT</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Continental Airlines Inc, a unit of
+Texas Air Corp, is offering 350 mln dlrs of equipment-backed
+debt securities in three tranches and another 150 mln dlrs of
+senior notes due 1997, said lead manager Drexel Burnham.
+    A 100 mln dlr offering of first priority secured equipment
+certificates due 1992 was given a 10 pct coupon and par
+pricing. This tranche is non-callable to maturity.
+    A 125 mln dlr issue of second priority secured equipment
+certificates due 1995 has an 11 pct coupon and par pricing and
+an equal-sized offering of third priority certificates due 1999
+was given an 11-3/8 pct coupon and par pricing.
+    The second two tranches of the equipment-backed deal are
+non-callable for five years, Drexel said.
+    Continental's 10-year notes were assigned an 11-1/2 pct
+coupon and priced at par. They are non-callable for five years.
+Texas Air has guaranteed the scheduled payments of interest and
+principal for the senior notes.
+    The securities are rated B-2 by Moody's and B by Standard
+and Poor's. Kidder Peabody, Merrill Lynch and Smith Barney
+co-managed the issues. Proceeds, estimated at 486 mln dlrs,
+will be used to repay about 254 mln dlrs of bank debt, with the
+remainder added to working capital, Continental said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13558" NEWID="8036">
+<DATE>20-MAR-1987 18:00:25.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2628&#31;reute
+r f BC-STANWOOD-CORP-&lt;SNW>-4   03-20 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANWOOD CORP &lt;SNW> 4TH QTR JAN 3</TITLE>
+<DATELINE>    NEW YORK, March 30 -
+    </DATELINE><BODY>Shr loss 1.12 dlrs vs profit one cts
+    Net loss 1.7 mln vs profit 8,000 dlrs
+    Revs 31.8 mln vs 42.1 mln
+    Year
+    Shr loss 51 cts vs profit 57 cts
+    NEt loss 780,000 vs profit 876,000
+    Revs 117.8 mln vs 117.3 mln
+    NOTE:1986 4th qtr includes loss of 911,000 for termination
+of licensing agreement and loss of 319,000 dlr for termination
+of womens wear operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13559" NEWID="8037">
+<DATE>20-MAR-1987 18:01:38.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2630&#31;reute
+r f BC-GUEST-SUPPLY-&lt;GEST>-G   03-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUEST SUPPLY &lt;GEST> GETS SHAREHOLDER SUIT</TITLE>
+<DATELINE>    NORTH BRUNSWICK, N.J., March 20 - </DATELINE><BODY>Guest Supply INc said a
+shareholder sued it and certain officers and directors,
+alleging misrepresentations and omissions in the prospectus for
+the company's September 1986 public offering.
+    Guest said the complaint is without merit and will defend
+the action vigorously.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13560" NEWID="8038">
+<DATE>20-MAR-1987 18:01:49.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>japan</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>worldbank</D><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2631&#31;reute
+r f BC-CONABLE-SAYS-BRAZIL-D   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONABLE SAYS BRAZIL DEBT MORATORIUM IS TEMPORARY</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>World Bank President Barber Conable
+said he believed Brazil's decision to suspend foreign debt
+interest payments is temporary.
+    Conable in a wide-ranging television interview to be shown
+on public broadcasting tomorrow said Brazil now has the
+attention of its creditors and must come up with a plan
+designed to reform its economy.
+    "I think the Brazilians have the attention of many of their
+creditors, but they must come up with a plan that will persuade
+people that the Brazilian economy is going to be put on a
+course that will result in some growth."
+    Turning to Japan, Conable said the role of that country has
+been increasing in the World Bank and is expected to continue
+to do so.
+    He said that Japan had made an additional 450 mln dlr
+pledge to the International Development Association, an
+indication that it agrees that it must provide more help in
+line with its economic position.
+    Conable said there was no indication that the Soviet Union
+was serious about joining the International Monetary Fund and
+World Bank. He said they would have to get convertible currency
+and open their books and the Soviets "don't usually do that."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13555" NEWID="8039">
+<DATE>20-MAR-1987 18:06:35.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2635&#31;reute
+r f BC-sulpetro-loss-due-to   03-20 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SULPETRO LOSS DUE TO WRITEDOWNS, ASSET DISPOSALS</TITLE>
+<DATELINE>    Calgary, Alberta, March 20 - </DATELINE><BODY>&lt;Sulpetro Ltd> said its 1986
+fiscal year net loss of 276.4 mln dlrs, or 19.22 dlrs per
+share, was due to several factors, the largest of which was a
+writedown of 125.0 mln dlrs of oil and gas properties.
+    Sulpetro also recorded a writeoff of deferred charges
+amounting to 67.0 mln dlrs, a loss of 22.5 mln dlrs on the
+disposal of all properties in the United Kingdom and an equity
+loss of 21.2 mln dlrs from affiliate Sulbath Exploration Ltd.
+    There was also a loss on other investments of 4.6 mln dlrs
+and a loss on operations of 36.1 mln dlrs after interest,
+depletion, depreciation and income tax recoveries.
+    In the fiscal year ended October 31, 1985, Sulpetro had a
+net loss of 45.6 mln dlrs, or 3.90 dlrs per share.
+    The company also said its non-recourse project financing
+for the Irish-Lindergh heavy oil field remains in default due
+to continuing low oil prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13561" NEWID="8040">
+<DATE>20-MAR-1987 18:07:55.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2636&#31;reute
+u f BC-AMERICAN-EXPRESS-&lt;AXP   03-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS &lt;AXP> TO DISCUSS SHEARSON DEAL</TITLE>
+<DATELINE>    New York, March 20 - </DATELINE><BODY>American Express Co's board of
+directors Monday will discuss the company's arrangement to sell
+13 pct of Shearson Lehman Brothers Inc to Nippon Life Insurance
+Co, a company spokesman said.
+    The spokesman would not say whether the board is planning
+to vote on the understanding between American Express and
+Nippon Life. The Shearson stake is to be sold for 530 mln dlrs,
+American Express has said.
+    The spokesman also would not comment on speculation that
+the board was to discuss a sale of securities to the public.
+    Monday's board meeting is a regular monthly meeting. The
+plan to sell part of Shearson to Nippon Life must be approved
+by the American Express board and Japan's Ministry of Finance.
+    Earlier, American Express and Shearson said they were
+subpoenaed by the Securities and Exchange Commission. American
+Express said it was subpoenaed for documents pertaining to
+securities transactions of American Express and Fireman's Fund.
+Shearson was subpoenaed for documents related to transactions
+with Jefferies and Co and others.
+    The American Express spokesman said he could not comment on
+whether any officials of the firm were subpoenaed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13562" NEWID="8041">
+<DATE>20-MAR-1987 18:11:31.62</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2642&#31;reute
+r f BC-NATURAL-GAS-SEEN-RECA   03-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATURAL GAS SEEN RECAPTURING SOME MARKET SHARE</TITLE>
+<AUTHOR>    By NAILENE CHOU-WIEST, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 17 - </DATELINE><BODY>Higher crude oil prices will raise
+demand for natural gas, helping it to reclaim market share lost
+to heavy oil when prices plunged in 1986, analysts said.
+    The analysts said that these efforts will be most
+successful in the industrial sectors of the economy with large
+and growing energy requirements.
+    "Natural gas stands a good chance to recapture the share of
+oil supplied to electric utilities that it lost to the residual
+fuel industry last year," Michael Smolinski, an energy
+economist with Data Resources Inc, told Reuters.
+    An estimated 200,000 barrels per day of residual fuel went
+into the utilities market at the expense of natural gas last
+year when world oil prices plunged, Smolinski said. 
+    Assuming oil prices hold above 15 dlrs a barrel, national
+average gas prices delivered to the utilities at a projected
+2.10 to 2.25 dlrs per mln Btu would be very competitive,
+Michael German, vice president of economic analysis at American
+Gas Association said.
+    The average delivered prices at the end of January were
+2.10 dlrs per mln Btu, compared with 3.26 dlrs a year ago.
+    "We expect natural gas to regain 250 to 400 billion cubic
+feet (of demand) in the overall energy market in the second and
+third quarter (1987)," he said.
+    In addition to price competitiveness, availability will be
+an important factor persuading energy users to switch to gas,
+Frank Spadine, senior energy economist with Bankers Trust Corp.
+in New York noted.
+    Spadine said the mild winter in many parts of the North
+American continent has led to a build up of gas inventories and
+less would be necessary to replenish underground storage this
+spring freeing gas for spot sales.
+    These forecasts develop a strong counterpoint to the fears
+that natural gas suplies would be tight and prices
+significantly higher given a sharp decline in drilling last
+year.
+    AGA's German contended that despite the drilling decline,
+much of U.S. proved reserves could be brought to production
+quickly through developments such as the infill drilling which
+permits more wells to be drilled in proved reserve basins.
+    Citing recent EIA statistics, German said, the gas surplus
+was likely to contract from three trillion cubic feet in 1986
+to two trillion cubic feet in 1987, but the surplus would not
+go away until 1990.
+    Smolinski of Data Resources agreed that the surplus would
+persist until 1990. While gas supplies may tighten in certain
+consuming areas, notably in California and in the Northeast
+U.S., an overall shortfall appeared remote.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13563" NEWID="8042">
+<DATE>20-MAR-1987 18:14:24.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2647&#31;reute
+r f BC-LOUISIANA-LAND-&lt;LLX>   03-20 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUISIANA LAND &lt;LLX> ASSUMES INEXCO'S DEBT</TITLE>
+<DATELINE>    NEW ORLEANS, March 20 - </DATELINE><BODY>Louisiana Land and Exploration Co
+said it assumed the obligation to pay the principal and
+interest on the 8-1/2 pct convertible subordinated debentures
+due September 1, 2000 of Inexco Oil Co, a unit of Louisiana
+Land.
+    Effective March 23, the debentures will be listed as the
+debentures of Louisiana Land, LLXOO.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13564" NEWID="8043">
+<DATE>20-MAR-1987 18:16:46.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f2653&#31;reute
+r f BC-macmillan-bloedel-to   03-20 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACMILLAN BLOEDEL &lt;MMBLF> TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 20 - </DATELINE><BODY>MacMillan Bloedel
+Ltd said it will redeem all outstanding nine pct series J
+debentures on April 27, 1987 for 34.9 mln U.S. dlrs, plus a
+premium of one pct and accrued and unpaid interest.
+    The series J debentures were issued in Europe in 1977 and
+were due February 1992, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13565" NEWID="8044">
+<DATE>20-MAR-1987 18:19:27.03</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2659&#31;reute
+r f AM-TRADE-COMPUTERS   03-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATORS SAY SANCTIONS LIKELY ON MICROCHIPS</TITLE>
+<AUTHOR>    By Jacqueline Frank, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The United States will likely impose
+sanctions soon on imports of Japanese microchips, senators said
+today after a private meeting with Commerce Secretary Malcolm
+Baldrige.
+    Although the senators said Baldrige told them no decision
+would be taken until a final determination is made on whether
+Japanese microchips were dumped in the United States, they said
+they were virtually sure Japan would face penalties.
+    President Reagan's trade policy advisory group, of which
+Baldrige is a member, will meet on the issue Wednesday.
+    "I am confident we will see action taken," Sen. John McCain,
+an Arizona Republican, told reporters.
+    "I am expecting sanctions at least, and even more than
+sanctions," Sen. Pete Domenici, a New Mexico Republican, said.
+    The senators, several congressmen and U.S. semiconductor
+industry representatives met with Baldrige and State Department
+officials to discuss Japan's alleged violations of a September
+1986 agreement to stop dumping its microchips in the United
+States and other countries.
+    They recommended Japanese firms be penalized through
+tariffs or import duties over the next six to 12 months for
+continuing to dump microchips. The violations were worth 100
+mln dls to the Japanese semiconductor industry, they said.
+    Asked if Baldrige intended to recommend sanctions, Sen.
+Pete Wilson told reporters, "The clear import of what he said is
+that there will be."
+    "Japan can't just say they will comply. We think sanctions
+must be applied," for past violations of the agreement, the
+California Republican said.
+    The semiconductor industry produces microprocessor chips
+which are used in high technology products ranging from radios
+to defence missile guidance systems.
+    Sen. James McClure, an Idaho Republican, said Baldrige told
+them the administration had not made a final determination that
+Japanese companies had dumped semiconductor microchips below
+the cost of production in the United States or other countries.
+    But McClure said senators told him, "There is no doubt
+dumping is going on," based on evidence such as invoices of
+purchases of the Japanese products.
+    The two countries signed a pact last September in which
+Japan agreed to stop selling its microchips in the United
+States and other countries below production costs and to allow
+the U.S. semiconductor industry access to the Japanese market.
+    In return, the United States waived its right to impose
+import duties on the Japanese microchips.
+    Japanese officials have said they have lived up to the pact
+and have asked Japanese chip-makers to further slash output to
+save the pact.
+    Japan has frequently been the target of congressional
+discouragement over last year's record 169-billion-dlr trade
+deficit. Tokyo had a 59-billion-dlr surplus with the United
+States last year and had large surpluses with other countries.
+    The Senate yesterday unanimously passed a resolution
+calling for action against Japan for violations of the pact
+since September. The resolution will be introduced in the House
+next week by Rep. Bob Matsui, a California Democrat.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13566" NEWID="8045">
+<DATE>20-MAR-1987 18:20:01.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2661&#31;reute
+d f BC-MULTI-MEDIA-SEES-YEAR   03-20 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULTI-MEDIA SEES YEAR END LOSS</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Multi-Media Barter Ltd said it expects
+to report a net loss of 820,000 dlrs or 17 cts a share for the
+year ended December 31, compared to a loss of 553,000 or 11 cts
+a share in the prior year.
+    The fourth quarter resulted in a net loss of 227,000 or
+four cts compared to a loss of 330,000 or six cts a shares last
+year.
+    It said it is currently in the process of restructuring by
+reducing expenses and streamlining operations and has cut
+expenses from 50,000 dlrs to less than 15,000 dlrs a month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13567" NEWID="8046">
+<DATE>20-MAR-1987 18:25:06.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2670&#31;reute
+d f BC-WIEBOLDT'S-TO-CLOSE-E   03-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WIEBOLDT'S TO CLOSE EIGHT STORES</TITLE>
+<DATELINE>    CHICAGO, March 20 - </DATELINE><BODY>Wieboldt's Department Stores, in
+Chapter 11 bankruptcy since September 1986, said as part of an
+agreement with creditors it will operate its four largest and
+most productive stores but close the remaining eight stores.
+    It said 341 employees of its remaining 885 employees will
+be laid off or terminated as a result.
+    The company also said it established a fund of about 12 mln
+dlrs to be available for payment of creditors' claims.
+    The retailer said it would continue to operate its four
+largest and most productive Chicago area outlets - State
+Street, Randhurst, Harlem-Irving and Ford City.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13568" NEWID="8047">
+<DATE>20-MAR-1987 18:26:27.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2673&#31;reute
+w f BC-NATIONAL-HMO-CORP-&lt;NH   03-20 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL HMO CORP &lt;NHMO> 2ND QTR JAN 31</TITLE>
+<DATELINE>    MELBOURNE, Fla, March 20 -
+    </DATELINE><BODY>Shr loss nine cts vs profit nine cts
+    Net loss 478,000 vs profit 371,000
+    Revs 3.4 mln vs 2.6 mln
+    Six months
+    Net loss 466,000 vs profit 685,000
+    Revs 6.2 mln vs 5.0 mln
+    NOTE:1987 net loss includes writeoff of deferred start up
+costs totaling 490,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13569" NEWID="8048">
+<DATE>20-MAR-1987 18:39:41.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2685&#31;reute
+r f BC-MINORCO-&lt;MNRCY>-HALF   03-20 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINORCO &lt;MNRCY> HALF YEAR DEC 31</TITLE>
+<DATELINE>    TORONTO, ONtario, March 20 -
+    </DATELINE><BODY>Shr 26 cts vs 38 cts
+    Net 44.0 mln vs 65.0 mln
+    NOTE:1986 net includes one mln dlr extraordinary gain and
+1985 net icludes four mln dlrs extraordinary loss.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13570" NEWID="8049">
+<DATE>20-MAR-1987 18:41:04.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2686&#31;reute
+u f BC-PHILIPPINE-DEBT-TALKS   03-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE DEBT TALKS TO CONTINUE ON SATURDAY</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>The Philippines and its bank advisory
+committee completed another round of debt rescheduling talks 
+and will meet again on Saturday, a senior banker said.
+    Although today's negotiations did not produce a final
+agreement, the decision to meet at the weekend appears to be a
+signal that the two sides are making progress.
+    The Philippines seeks to restructure 9.4 billion dlr of its
+27.2 billion dlr foreign debt. The interest rate to be charged
+on the debt and Manila's proposal to pay interest partly with
+investment notes instead of cash have been the main sticking
+points in the talks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13571" NEWID="8050">
+<DATE>20-MAR-1987 18:41:09.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2687&#31;reute
+r f BC-MINORCO-&lt;MNRCY>-SEES   03-20 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINORCO &lt;MNRCY> SEES IMPROVED SECOND HALF</TITLE>
+<DATELINE>    TORONTO, Ontario, March 20 - </DATELINE><BODY>Minorco said it expects net
+earnings to be substantially stronger than the 44.0 mln dlrs
+reported for the first half.
+    In reporting that first half results declined from 65.0 mln
+dlrs, Minorco said the contributions from its 50 pct investment
+in December 1985 in Adobe Resources Corp was negative as a
+result of low oil and gas prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13572" NEWID="8051">
+<DATE>20-MAR-1987 18:41:20.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2688&#31;reute
+r f BC-MINORCO-&lt;MNRCY>-SEES   03-20 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINORCO &lt;MNRCY> SEES IMPROVED SECOND HALF</TITLE>
+<DATELINE>    TORONTO, Ontario, March 20 - </DATELINE><BODY>Minorco said it expects net
+earnings to be substantially stronger than the 44.0 mln dlrs
+reported for the first half.
+    In reporting that first half results declined from 65.0 mln
+dlrs, Minorco said the contributions from its 50 pct investment
+in December 1985 in Adobe Resources Corp was negative as a
+result of low oil and gas prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13573" NEWID="8052">
+<DATE>20-MAR-1987 18:44:31.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2691&#31;reute
+r f BC-FDIC-SAYS-INDIANA-BAN   03-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDIC SAYS INDIANA BANK BECOMES 48TH TO FAIL</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The Federal Deposit Insurance Corp
+said state banking regulators closed the Morocco State Bank in
+Morrocco, Indiana, bringing the total number of banks to fail
+so far this year to 48.
+    The failed bank's 14.1 mln dlrs in deposits and 9.9 mln
+dlrs of its loans and other assets will be assumed by DeMotte
+State Bank in DeMotte, Ind, the FDIC said.
+    The FDIC said it will advance 3.7 mln dlrs to help the
+transaction and would retain 5.1 mln dlrs in the failed banks
+assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13574" NEWID="8053">
+<DATE>20-MAR-1987 18:48:35.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2693&#31;reute
+u f AM-ARMS-KAMPELMAN   03-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ARMS NEGOTIATOR SAID TO HAVE HEART ATTACK</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>U.S. arms negotiator Max Kampelman
+suffered a mild heart attack, an aide said.
+    Nancy Tackett, Kampleman's staff assistant, told Reuters
+Kampelman was doing well and was expected to leave George
+Washington Hospital in about a week.
+    "A full recovery is expected," she said.
+    Kampelman did not feel well yesterday and may have
+sufffered the heart attack then, Tackett said. He had a
+regularly-scheduled physical this morning and entered the
+hospital after that, on his doctor's advice, she said.
+      A hospital spokesman confirmed that Kampelman was a
+patient in the coronary care unit.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13575" NEWID="8054">
+<DATE>20-MAR-1987 18:49:16.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2695&#31;reute
+u f BC-DALLAS-BASED-THRIFT-C   03-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DALLAS-BASED THRIFT CLOSED BY REGULATORS</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The Federal Home Loan Bank Board
+said Dallas-based Vernon Savings and Loan Association, the 15th
+largest thrift in Texas, was closed by state authorities and
+its assets, deposits and liabilities were transfered to a new
+federally chartered association.
+    Vernon, with 1.35 billion dlrs of assets and nine offices
+in Texas and Oklahoma, was closed after state regulators
+concluded it was in unsafe and unsound condition.
+    The thrift was owned by Texas businessman Donald Dixon, who
+bought it in early 1982, when it had only 120 mln dlrs in
+assets.
+    The bank board said growth was accomplished largely through
+the purchase of brokered deposits and the sale of jumbo
+certificates of deposit, which totaled 29 pct of total deposits
+at the end of 1986.
+    The bank board also said that 96 pct of its loan portfolio
+was nonperforming as a result of sloppy loan practices.
+    It said Vernon also paid excessive salaries and dividends
+to officers and directors and bought a beach house and five
+airplances for the use of thrift executives and stockholders.
+    The bank board ousted the thrift's officers and directors
+and hired another Texas association to run it.
+    The bank board also said it closed First Federal of
+Maryland, a federal savings association that had 115.2 mln dlrs
+in assets. It said its 118 mln dlrs in insured deposits were
+transferred to Columbia First Federal Savings and Loan
+Association of Washington, D.C.
+    The bank board said First Federal had engaged in unsound
+loan underwriting practices and many of the loans are now
+deliquent. The institution experienced heavy and continuing
+losses and became insolvent, the bank board said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13576" NEWID="8055">
+<DATE>20-MAR-1987 18:50:54.45</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2699&#31;reute
+r f BC-BOLIVIA-PREPARES-FOR   03-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - BOLIVIA</TITLE>
+<AUTHOR>    By Paul Iredale, Reuters</AUTHOR>
+<DATELINE>    LA PAZ, March 20 - </DATELINE><BODY>Bolivia, once Latin America's most
+delinquent debtor, is preparing for a second International
+Monetary Fund agreement after an economic stabilisation program
+has effectively slowed inflation and reduced public spending.
+    A fund spokesman said an IMF team would visit La Paz
+shortly to discuss terms of the new agreement.
+    He said the IMF had disbursed 130 mln dlrs here and 20 mln
+dlrs are pending under the one year agreement that ends this
+month. The accord provided for a stand-by loan, a compensatory
+financing facility and a structural adjustment facility.
+    The spokesman said that if the agreement is renewed,
+Bolivia can expect a further 60-mln-dlr stand-by loan over the
+next 12 months.
+    Bolivia's agreement with the IMF, its first since 1980,
+opened the door to rescheduling negotiations with the Paris
+Club and Argentina and Brazil, which hold 2.5 billion dlrs of
+Bolivia's 4.0-billion-dlr foreign debt.
+    Central Bank President Javier Nogales told Reuters the
+negotiations with the Paris Club, which have yet to be
+finalised, had been extremely successful.
+    Nogales said the Paris Club had agreed to reschedule
+Bolivia's debt over 10 years with five to six years grace and
+had waived all interest payments until the end of 1988.
+    Bilateral discussions on interest rates continue, he said.
+    Nogales said Bolivia was expecting some 400 mln dlrs in
+disbursements this year from lender countries and international
+agencies, including the World Bank and the Inter-American
+Development Bank, although diplomatic and banking sources put
+the figure at closer to 300 mln dlrs.
+    Nogales said Bolivia's net international reserves are
+around 250 mln dlrs, up from one mln dlrs when President Ictor
+Paz Estenssoro took office in august 1985. Nogales said the
+capital flow on Bolivia's debt servicing versus new credits had
+changed from a net outflow of 200 mln dlrs in 1985 to a net
+inflow of 130 mln dlrs in 1986.
+    Bolivia's return from the financial wilderness follows paz
+estenssoro's economic stabilisation program. He inherited
+inflation of 23,000 pct a year, state enterprises that were
+losing hundreds of mlns of dlrs and a currency that traded on
+the black market at up to 16 times its official rate.
+    Paz estenssoro froze public sector wages, set a market-
+related rate for the peso, introduced tax reforms and laid off
+thousands of workers in state corporations.
+    Inflation has been running at 10 pct a year for the past
+six months, according to the Central Bank, and the government 
+expects the economy to grow three pct this year after a 14 pct
+contraction over the last six years.
+    The government is also proposing a novel solution to its
+debt to commercial banks, some 900 mln dlrs, on which interest
+has not been paid since March, 1984.
+    Nogales said that over the next few months Bolivia would
+make a one-time offer to buy back all its commercial debt at
+the price it trades on the international secondary market -- 
+10-15 cents on the dlr. He said Bolivia's commercial bank
+steering committee agreed at a meeting in New York to consider
+the proposal, but it is still unclear what proportion of the
+country's creditor banks will take up the offer.
+    One foreign banker speculated that Bolivia might be able to
+buy back up to 30 pct of its commercial debt paper under the
+deal, mostly from small banks who have written off their loans
+to the country.
+    But he said the larger creditors were more interested in a
+scheme of debt-equity swaps, similar to that which has operated
+in Chile for the past two years.
+    The Bolivian government has yet to draw up proposals for
+debt-equity swaps, but the banker said it was planning to
+privatise more than 100 state companies and these could serve
+as a basis for such a scheme.
+    Foreign bankers said this type of proposal might prove
+attractive to Bolivia in the long run, especially as the
+government realises that it will have to attract a large amount
+of new capital in order to grow.
+    Planning Minister Gonzalo Sanchez de Lozada told Reuters
+that Bolivia was hoping for five to six billion dlrs in new
+investment over the next 10 to 12 years.
+    The government realises that in order to remain viable,
+Bolivia will need to develop new exports.
+    The price of tin, which accounted for some 45 pct of
+Bolivia's exports in 1984, has collapsed on the world markets,
+and gas, the country's major revenue earner, is in abundant
+supply in the region.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13577" NEWID="8056">
+<DATE>20-MAR-1987 18:51:57.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2703&#31;reute
+r f BC-NEOAX-INC-&lt;NOAX>-4TH   03-20 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEOAX INC &lt;NOAX> 4TH QTR</TITLE>
+<DATELINE>    LAWRENCEVILLE, N.J., March 20 -
+    </DATELINE><BODY>Shr loss 13 cts vs loss six cts
+    Net loss 1.4 mln vs loss 635,000
+    Revs 40.3 mln vs 28.5 mln
+    Year
+    Shr profit 40 cts vs profit 26 cts
+    Net profit 4.2 mln vs 2.6 mln
+    Revs 166.4 mln vs 94.6 mln
+    NOTE:1986 4th qtr and year net reflects dividend
+requirements of 1.5 mln dlrs and 3.3 mln dlrs, and charges of
+257,000 dlrs and 4.6 mln dlrs respectively which is not
+accruable or payable because of pre-reorganization tax loss
+carryforwards.
+    1985 4th qtr and year net reflects dividend requirement of
+1.1 mln dlrs and 2.3 mln dlrs, respectively, and charges of
+472,000 dlrs and 2.9 mln dlrs respectively which is not
+accruable or payable because of pre-organization tax loss
+carryforwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13578" NEWID="8057">
+<DATE>20-MAR-1987 18:57:24.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2706&#31;reute
+r f BC-PACIFIC-STOCK-EXCHANG   03-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC STOCK EXCHANGE SHORT INTEREST UP</TITLE>
+<DATELINE>    SAN FRANCISCO, March 20 - </DATELINE><BODY>The Pacific Stock Exchange said
+there was a total short interest of 1,413,674 shares of stock
+exclusively traded on the Exchange as of March 13, an increase
+of 102,486 shares from last month's restated total of
+1,311,188.
+    The Exchange said the short interest ratio rose to 1.42
+from last month's ratio of 1.25.
+    The ratio is based on an average daily trading volume of
+994,545 shares in the 47 issues included in the report.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13579" NEWID="8058">
+<DATE>20-MAR-1987 19:17:44.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2718&#31;reute
+r f BC-U.S.-SAYS-STATE-REGUL   03-20 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAYS STATE REGULATORS CLOSE OKLAHOMA BANK</TITLE>
+<DATELINE>    WASHINGTON, March 20 - </DATELINE><BODY>The Federal Deposit Insurance Corp 
+(FDIC) said it transfered the federally insured deposits of
+Madill Bank and Trust Co, Madill, Okla, to the healthy First
+American National Bank, Tishomingo, Okla., after Madill was
+closed by Oklahoma authorities.
+    The failed bank had 37.0 mln in assets and two offices.
+    Madill was the 49th federally insured bank to fail so far
+this year, the FDIC said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13580" NEWID="8059">
+<DATE>20-MAR-1987 19:31:41.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2721&#31;reute
+b f BC-SEC'S-SHAD-SEES-WIDEN   03-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC'S SHAD SEES WIDENING TRADING PROBES</TITLE>
+<DATELINE>    NEW YORK, March 20 - </DATELINE><BODY>Securities and Exchange Commission
+chairman John Shad said the SEC's investigations of
+insider-trading on Wall Street will broaden to include other
+types of securities law violations.
+    Shad, appearing on Cable News Network's Moneyline program,
+said the SEC staff will "go down every avenue" in which it
+finds violations of securities laws.
+    He said the SEC staff will investigate "many more ancillary
+areas." These, he said, include stock "parking" to avoid
+required SEC filings on stock holdings of more than five pct
+and failures by brokerage firms to meet net capital
+requirements.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13581" NEWID="8060">
+<DATE>21-MAR-1987 00:49:21.32</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>unctad</D><D>inro</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0003&#31;reute
+r f BC-MAIN-FEATURES-OF-NEW   03-21 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAIN FEATURES OF NEW RUBBER PACT</TITLE>
+<DATELINE>    GENEVA, March 21 - </DATELINE><BODY>The new International Natural Rubber
+Agreement (INRA), like the 1979 pact, will use a buffer stock
+as the sole instrument for market intervention -- excluding
+export quotas or production controls.
+    The new INRA was adopted yesterday at a session held under
+the auspices of the United Nations Conference on Trade and
+Development (UNCTAD).
+    In many respects the main features in the new pact resemble
+those contained in the present one.
+    The reference price, currently 201.66 Malaysian/Singapore
+cts per kilo, will be maintained -- unless between now and
+October 22, when the 1979 INRA expires, the average of the
+daily market indicator price remains above the upper
+intervention ("may sell") price (231 cts) or below the lower
+intervention ("may buy") price (171 cts) for six months.
+    If this happened -- but delegates said it was unlikely
+considering that the present indicator price averages 196 cts
+-- the price would be revised under the current accord by five
+pct or by whatever amount the International Natural Rubber
+Council decides.
+    The new reference price would then be taken over for the
+new agreement.
+    Under the same circumstances in the new pact the reference
+price would be automatically revised by five pct unless the
+Council decides on a higher percentage.
+    Similarly, if buffer stock purchases or sales amounting to
+300,000 tonnes have been made since the last revision, the
+reference price will be lowered or raised by three pct unless
+the Council decides on a higher percentage.
+    Another change introduced in the new INRA is that price
+reviews will be held at 15-month intervals instead of 18.
+    Those changes are intended to make the reference price more
+responsive to market trends.
+    As in the present accord the "may buy" and "may sell" levels
+are set at plus or minus 15 pct of the reference price, and the
+"must buy" and "must sell" levels at 20 pct of it.
+    The lower and upper indicative prices (floor and ceiling
+prices) will remain fixed at 150 and 270 cents, unless the
+Council decides to revise them at reviews held every 30 months.
+    During the negotiations, consumers abandoned a proposal
+that the floor price be adjusted downward if the buffer stock,
+currently 360,000 tonnes, rose to 450,000 tonnes.
+    The maximum size of the buffer stock in the new pact is the
+same as under the present one -- 400,000 tonnes, with provision
+for an additional contingency buffer stock of 150,000 tonnes.
+    Under the new accord, the contingency buffer stock will be
+brought in at 152 cts to defend the floor price.
+    At last Friday's session, Ahmed Farouk, speaking for
+producers, said producing nations considered that the 1979 pact
+had served the purpose for which it had been created.
+    Gerard Guillonneau of France, who spoke for consumers,
+agreed that the current agreement had worked "relatively well."
+    Asked about the chances of success of the new INRA,
+delegates noted that for nearly its whole life, the 1979 accord
+had maintained the average price above the "must buy" level.
+    They said the agreement until now did not appear to have
+encouraged excessive production of rubber.
+    In addition, provisions for borrowing to finance the buffer
+stock have now been eliminated, ruling out speculation. "It is a
+sort of middle-of-the-road agreement," one delegate said.
+    The new pact will be open for signature at U.N.
+Headquarters in New York from May 1 to December 31 this year.
+    To become operational, it will require ratification by
+countries accounting for 75 pct of world exports and 75 pct of
+world imports.
+    Delegates estimate that this will take 12 to 14 months from
+now. During the hiatus between the two agreements, the
+International Natural Rubber Council will remain in place.
+    The pact will enter into force definitively when
+governments accounting for 80 pct of world exports and 80 pct
+of world imports have ratified it.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13582" NEWID="8061">
+<DATE>21-MAR-1987 03:03:03.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0011&#31;reute
+r f BC-DROUGHT-RAVAGES-CHINE   03-21 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DROUGHT RAVAGES CHINESE FARMLAND</TITLE>
+<DATELINE>    PEKING, March 21 - </DATELINE><BODY>A prolonged drought is ravaging more
+than 13 mln hectares (32 mln acres) of farmland in China and
+has cut water levels in major rivers to record lows, the China
+Daily said.
+    The drought will affect both the summer harvest in the
+south and the spring sowing under way in the north.
+    It said the most seriously affected areas are Guangdong,
+Jiangxi, Hunan, Shaanxi, Sichuan, Hebei, Shanxi and Guangxi.
+    It said that, despite bigger snowfalls this year than last
+in Hebei and Shanxi and more rainfall forecast for some areas,
+the drought will not abate in the near future.
+    This is because the drought has lasted so long that slight
+increases in rainfall are not enough to alleviate it, the paper
+said.
+    It said that the water level on the middle reaches of the
+Yangtze has fallen to its lowest level in more than 110 years,
+so that more than 100 ports along it cannot receive ships.
+    Water level of other major rivers, including the Zhujiang,
+Qiantangjiang and Minjiang, have also been affected by the
+drought, the paper added but gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13583" NEWID="8062">
+<DATE>21-MAR-1987 03:46:06.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0014&#31;reute
+r f BC-BOLIVIAN-POLICE-DISPE   03-21 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIVIAN POLICE DISPERSE UNEMPLOYED MINERS</TITLE>
+<DATELINE>    LA PAZ, March 21 - </DATELINE><BODY>Police fired tear gas to disperse 1,000
+unemployed miners blocking the route of West German President
+Richard Weizsaecker's motorcade to La Paz, Bolivian Information
+Minister Herman Antelo said.
+    "They were forced to use tear gas to disperse the miners
+because they blocked the West German president's motorcade into
+the city," Antelo told journalists last night after the
+incident. Weizsaecker began a four-day visit here.
+    The demonstrators were part of about 20,000 miners -- about
+two-thirds of the total mining workforce -- laid off by the
+government to streamline the deficit-ridden state mining firms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13584" NEWID="8063">
+<DATE>21-MAR-1987 04:11:13.22</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0015&#31;reute
+r f BC-TAIWAN-INDUSTRIAL-OUT   03-21 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN INDUSTRIAL OUTPUT FALLS, CURRENCY BLAMED</TITLE>
+<DATELINE>    TAIPEI, March 21 - </DATELINE><BODY>Taiwan's industrial production index,
+fell, largely as the result of the rising Taiwan dollar, by
+8.18 pct to 140.06 (base 1981) in February from a revised
+152.53 in January, the Economy Ministry said.
+    It was the second consecutive monthly fall, after dropping
+nine pct in January, but it was still 26.49 pct up on February
+1986 following a very extended rise last year.
+    The January figure was revised from a preliminary 154.82.
+    A ministry official attributed the decline to falling
+production of non-metal products, textiles and transportation
+equipment, and less mining and house construction.
+    The official said the decline was also caused by falling
+exports in February due to the climb of the Taiwan dollar,
+which has made Taiwanese products more expensive.
+    He expected the decline to continue in the next few months
+because of further appreciation of the local dollar against the
+U.S. Currency.
+    The Taiwan dollar advanced more than 15 pct against the
+U.S. Dollar since September 1985. It closed at 34.40 to the
+U.S. Dollar today, and is expected to rise to about 32 to the
+dollar by the end of this year, foreign bankers and economists
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13585" NEWID="8064">
+<DATE>21-MAR-1987 06:31:28.65</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0023&#31;reute
+u f BC-NO-ZIMBABWE-DOLLAR-DE   03-21 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO ZIMBABWE DOLLAR DEVALUATION - CENTRAL BANK</TITLE>
+<DATELINE>    HARARE, March 21 - </DATELINE><BODY>Zimbabwe's Reserve Bank, the nation's
+central bank, has denied the Zimbabwe dollar would be devalued.
+    Bank Governor Kombo Moyana told The Herald daily newspaper
+"unfortunate and completely unfounded speculation that a
+depreciation of the Zimbabwe dollar was about to occur" had
+aggravated a serious foreign exchange shortage.
+    "During February and the early part of March this
+(speculation) caused importers to bring forward their payments
+and exporters to delay as long as possible the inward
+remittance of export receipts, resulting in a significant
+slowdown in net foreign exchange inflows," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13586" NEWID="8065">
+<DATE>21-MAR-1987 06:34:01.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0024&#31;reute
+r f BC-HONG-KONG-LAND-&lt;HKLD.   03-21 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG LAND &lt;HKLD.HK> DETAILS MANDARIN SPIN-OFF</TITLE>
+<DATELINE>    HONG KONG, March 21 - </DATELINE><BODY>Hong Kong Land Co Ltd &lt;HKLD.HK> gave
+details of a previously announced spin-off of its 80 pct stake
+in &lt;Mandarin Oriental International Ltd> and a 32 pct stake in
+&lt;Jardine Strategic Holdings Ltd> (JSH).
+    An offer document prepared by financial adviser &lt;Jardine
+Fleming (Securities) Ltd> said Hong Kong Land offers
+shareholders 200 Mandarin shares at 1.54 H.K. Dlrs each and 93
+JSH shares at 3.28 dlrs each for every 1,000 Hong Kong Land
+shares. But price of Mandarin may be lowered to 1.43 dlrs each,
+while shareholders may instead receive 86 JSH shares if all
+Hong Kong Land's existing warrants are exercised before April
+28.
+    Hong Kong Land warrants are worth 725.92 mln dlrs.
+    Holders of the firm's 151.89 mln preference shares will
+receive a similar offer as ordinary shareholders.
+    The company also agreed to sell a 20 pct stake in Mandarin
+to Jardine Strategic for some 430 mln dlrs.
+    Hong Kong Land said last month it is expected to receive
+net proceeds of about 900 mln dlrs from the spin-off and the
+sum will be used either for expansion or to reduce its debts.
+    Hong Kong Land shares gained 30 cts to close at eight dlrs
+each yesterday, while JSH was up 50 cts at 12.90 dlrs.
+    Mandarin will commence trading on June 8.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13587" NEWID="8066">
+<DATE>21-MAR-1987 07:29:17.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malawi</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0026&#31;reute
+u f BC-MALAWI-INTRODUCES-NEW   03-21 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAWI INTRODUCES NEW TAXES TO BOOST REVENUE</TITLE>
+<DATELINE>    ZOMBA, March 21 - </DATELINE><BODY>Malawi will impose a 15 pct "border tax" on
+some overseas remittances and a five pct profit tax for local
+branches of foreign firms to boost revenue and meet a projected
+1987/88 budget deficit of 303 mln kwacha, the Malawi news
+agency reported.
+    Finance Minister Dalton Katopola, presenting the new
+budget, said other measures would include raising surtax on
+goods and services by five points to 35 pct and imposing duty
+on luxury goods and tax on statutory bodies such as the Water
+Board.
+    Malawi's economy was expected to grow 2.3 pct this year, he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13588" NEWID="8067">
+<DATE>21-MAR-1987 08:18:21.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0028&#31;reute
+r f BC-CHINA,-HONG-KONG-FIRM   03-21 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA, HONG KONG FIRMS SIGNS LOAN AGREEMENT</TITLE>
+<DATELINE>    PEKING, March 21 - </DATELINE><BODY>&lt;China Sports Service Corp> of China and
+&lt;Seylla Corp> of Hong Kong signed an agreement to borrow five
+billion yen from an international syndicate of banks led by the
+Bank of China, the New China News Agency said.
+    It said the two firms will use the money to construct the
+Olympic Hotel, with 14 storeys and 380 rooms, near Peking's
+largest indoor stadium, to cater for participants at
+international competitions and tourists.
+    Construction of the hotel is under way and due to be
+completed by June 1988, the agency added but gave no more
+details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13589" NEWID="8068">
+<DATE>21-MAR-1987 08:26:48.39</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0030&#31;reute
+r f BC-FORMER-GOLD-FIRM-EXEC   03-21 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER GOLD FIRM EXECUTIVES ARRESTED IN JAPAN</TITLE>
+<DATELINE>    OSAKA, Japan, March 21 - </DATELINE><BODY>The public prosecutors and police
+here arrested five former senior executives of a bankrupt gold
+deposit business group for defrauding about 450 clients of
+about 1.5 billion yen for gold bars which were never delivered,
+police said.
+    The case involving the Toyota Shoji Company was highlighted
+when its 32-year-old Chairman Kazuo Nagano was stabbed to death
+here in public view in June, 1985.
+    Television crews which had been waiting outside Nagano's
+home filmed two men smashing their way into the home and later
+emerging with a bloodstained bayonet.
+    The company, established here in 1981, undertook to hold
+gold on deposit for investors. It grew into a nationwide
+business operation with 87 branch offices and 7,000 employees
+at its peak in early 1985.
+    Toyota Shoji's business group collected an estimated 200
+billion yen from about 30,000 clients, many of them pensioners
+and housewives, before the firm went bankrupt in July, 1985,
+according to lawyers.
+    Of them, some 18,000 clients cla&#127;imed they could get back
+neither gold or money, suffering an aggregate loss of 150
+billion yen, local press reports said.
+    Police said the five arrested on charge of fraud today
+included Hiroshi Ishikawa, 47, former Toyota Shoji president,
+and a sixth former executive was placed on a wanted list.
+    They were suspected of having collaborated with the late
+Nagano in swindling about 1.5 billion yen from about 450 people
+in Osaka and n&#127;earby Kobe during a six month period just before
+the firm's bankruptcy, they said.
+    To&#127;&#127;day's arre&#127;st came a&#127;&#127;fter narly two years of joint&#127;
+investigation by the public prosecutors and police, who &#127;had
+questioned about 3,000 of&#127;&#127; the firm's former employees&#127;,
+police sou&#127;rces &#127;&#127;said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13590" NEWID="8069">
+<DATE>21-MAR-1987 23:13:52.25</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>conable</D><D>suharto</D></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0048&#31;reute
+u f BC-WORLD-BANK-LIKELY-TO   03-21 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LIKELY TO URGE CHANGES ON JAKARTA</TITLE>
+<AUTHOR>    By Jeremy Clift, Reuters</AUTHOR>
+<DATELINE>    JAKARTA, March 22 - </DATELINE><BODY>World Bank President Barber Conable is
+expected to press Indonesia, the Third World's sixth largest
+debtor, to maintain the momentum of economic policy changes to
+tackle the slump in its oil revenues, western diplomats said.
+    Conable, who flew to Indonesia yesterday from Tokyo, will
+meet with President Suharto and senior economic ministers.
+    He said on arrival that the economy of South-East Asia's
+largest nation was being managed well, but the slump in world
+oil prices called for major policy adjustments.
+    Today the World Bank chief will visit Bank-funded projects
+in the eastern section of Java, Indonesia's most populous
+island. He will see Suharto on Tuesday after a day of detailed
+discussions with ministers tomorrow.
+    Indonesia, the only Asian member of OPEC, has been severely
+hit by last year's crash in oil prices, which cut its oil and
+gas revenues in half.
+    Japan's state Export-Import Bank last month agreed to
+provide around 900 mln dlrs in untied credits to help Indonesia
+pay for its share of 21 World Bank development projects.
+    Indonesia, a country of 168 mln people, has responded to
+the oil slump by cutting spending, devaluing its currency by 31
+pct, and trying to boost exports, while using foreign loans to
+bridge its deficit.
+    Diplomats said that Conable was expected to press Suharto
+and leading economic ministers to maintain the pace of policy
+change, particularly in dismantling Indonesia's high-cost
+protected economy.
+    "Oil prices, the debt crisis, the world recession, all call
+for major policy adjustments and external support," Conable said
+in his arrival statement.
+    But with Indonesia facing parliamentary elections next
+month, he is likely to avoid anything which would imply that
+the Bank is demanding specific changes.
+    "We believe there has been wise leadership here and the
+economy is being very well managed," Conable told reporters at
+Jakarta airport.
+    Indonesia has official and private overseas debts totalling
+37 billion dlrs, according to the Bank, which makes it the
+Third World's sixth biggest debtor. It has received 10.7
+billion dlrs from the World Bank since 1968.
+    Conable did not spell out what further changes he would
+like to see. Last month the Bank endorsed economic changes
+already introduced by Indonesia, but implied it wanted more.
+    Giving a 300 mln dlr loan in balance of payments support,
+the Bank said it will monitor progress on implementation of the
+government's trade reform measures, and supported its
+determination to promote efficiency and longer-term growth.
+    Indonesia has introduced a series of measures since last
+May to boost non-oil exports, liberalise trade and encourage
+outside investment.
+    Suharto has also ordered a government committee to look
+into which of Indonesia's 215 state-run companies could be
+sold.
+    But in a report last month, the U.S. Embassy said the
+government appeared divided over how far to take its reforms.
+    Western analysts say that in particular the government is
+unsure how far to go with dismantling Indonesia's high-cost
+monopolies, which control core areas of the economy.
+    Central bank governor Arifin Siregar said this week that
+Indonesia faced very limited economic choices.
+    It could not spend its way out of trouble because this
+would increase the balance of payments deficit and domestic
+inflation.
+     He said the main objective was to raise exports outside
+the oil and natural gas sector.
+    Indonesia's current account deficit is projected by the
+government to fall to 2.64 billion dlrs in the coming financial
+year which starts on April 1, from an estimated 4.1 billion in
+1986/87.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13591" NEWID="8070">
+<DATE>21-MAR-1987 23:28:35.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0055&#31;reute
+u f BC-GERMAN-ECONOMY-SEEN-G   03-21 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN ECONOMY SEEN GROWING TWO PCT IN 1987</TITLE>
+<DATELINE>    FRANKFURT, March 22 - </DATELINE><BODY>Bundesbank vice-president Helmut
+Schlesinger said that although West German economic growth was
+not expected to be satisfactory in the first 1987 quarter, two
+pct growth was still attainable for the whole of the year.
+    A further rise in the value of the mark would worsen export
+prospects and have a negative effect on investments, he told
+the Sueddeutsche Zeitung newspaper in an interview. But if such
+an appreciation did not materialize, the economy would expand.
+    The federal government has predicted a growth rate of 2-1/2
+pct or more in its annual economic report published in January,
+but some economists have said the forecast was too optimistic.
+    Schlesinger said private consumption was likely to rise
+strongly. Government expenditure and construction were also
+expected to increase. But there was uncertainty about the
+prospects for exports and investment.
+    The Bundesbank had viewed with concern the money supply
+overshoot in 1986, but the sharp rise was unlikely to have an
+effect on inflation in the forseeable future. However, there
+were potential dangers in the long run.
+    Schlesinger said there was hope that in 1987 the West
+German money supply would grow within the three to six pct
+target zone set in December.
+    Schlesinger said the dampening effect on inflation of the
+drop in import prices could continue to a lesser degree for
+some time. Prices in West Germany were likely to rise between
+one and two pct this year.
+    He said 1987 would be the fifth successive growth year for
+the West German economy. Although there was a possibility of a
+downturn at some stage in the future, there were no signs this
+would happen in 1988.
+    The main risks for the West German economy stemmed from its
+close ties with the rest of the world, Schlesinger added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13592" NEWID="8071">
+<DATE>21-MAR-1987 23:34:03.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0058&#31;reute
+u f BC-ROSTENKOWSKI-QUESTION   03-21 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSTENKOWSKI QUESTIONS SECURITIES TAX</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 22 - </DATELINE><BODY>U.S. House Ways and Means
+chairman Dan Rostenkowski said he questioned whether a U.S. Tax
+on securities transactions would be appropriate.
+    Rostenkowski, an Illinois Democrat, told Reuters before
+addressing the Future Industry Association that such a tax
+could impair the international competitiveness of the U.S.
+Securities business.
+    House Speaker James Wright, a Democrat of Texas, has said a
+tax on securities transactions could help reduce the federal
+deficit.
+    Rostenkowski said he understood that Britain was exploring
+the possibility of easing its tax burden on securities firms
+and in that context a new U.S. Tax would be especially hard
+felt by the domestic industry.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13593" NEWID="8072">
+<DATE>21-MAR-1987 23:36:45.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0060&#31;reute
+u f BC-ROSTENKOWSKI-SAYS-TAX   03-21 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSTENKOWSKI SAYS TAX RISE NEEDED, DIFFICULT</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 22 - </DATELINE><BODY>U.S. House Ways and Means
+Committee Chairman Dan Rostenkowski said a tax increase
+probably would be needed but that Congress and President Regan
+might not approve one.
+    Rostenkowski, an Illinois Democrat, also told the Futures
+Industry Association that he did not think congressional tax
+writers would approve a tax on stock transfers or ease taxes to
+promote U.S. Exports.
+    He congratulated House Speaker James Wright for proposing
+tax increases to help cut the budget deficit.
+    Rostenkowski said he hoped White House Chief of Staff
+Howard Baker could persuade President Reagan to support a
+package of tax increases and spending cuts.
+    He noted that Baker and Treasury Secretary James Baker both
+supported tax increases in l982.
+    Rostenkowski suggested that about 18 billion dlrs of new
+taxes might have to be found, along with nine billion in
+defence and spending cuts and another nine billion in domestic
+spending reductions. But, he said, proposed tax rises would be
+brought to the floor only if House Democratic leaders felt
+there was Republican support.
+    A string of indictments of Wall Street figures could move
+some in Congress to support a tax on stock transfers, he said.
+    "But the fact many people don't like what's happening in
+financial markets doesn't mean they will be hit with a tax," he
+said, noting that Wright's securities tax idea had not been
+"fleshed out."
+    Efforts by special interests to rewrite provisions of the
+tax reform bill will fall on deaf ears, Rostenkowski predicted.
+    The chief House tax writer also predicted congress would
+approve legislation to reform the welfare system.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13594" NEWID="8073">
+<DATE>21-MAR-1987 23:51:41.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0063&#31;reute
+u f BC-POLL-PUTS-BRITISH-ALL   03-21 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLL PUTS BRITISH ALLIANCE IN SECOND PLACE</TITLE>
+<DATELINE>    LONDON, March 22 - </DATELINE><BODY>Britain's centrist Liberal-Social
+Democratic Alliance has crept ahead of the opposition Labour
+party to become the country's second political force, according
+to a Gallup opinion poll.
+    The poll, part of a survey carried out every week by Gallup
+on behalf of the ruling Conservative party, showed the
+Conservatives with an eight-point lead at 38.5 pct, the
+Alliance at 30.5 and Labour at 30 pct.
+    It was published in the Sunday Telegraph.
+    But two other surveys, the MORI poll conducted for the
+Sunday Times and the Harris poll published in the Observer
+newspaper, gave Labour a nine-point lead over the Alliance.
+    These polls showed 33 pct supported Labour against 26 pct
+for the Alliance, a grouping of the Liberal Party and the
+Social Democratic Party, while 39 pct backed the Conservatives.
+    The Gallup poll results are the latest in a series of
+setbacks for the Labour party, in disarray over its non-nuclear
+policy and plagued by internal feuding.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13595" NEWID="8074">
+<DATE>22-MAR-1987 00:00:04.61</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0001&#31;reute
+u f BC-NIGERIA-CHANGES-AUCTI   03-21 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA CHANGES AUCTION RULES TO DEFEND THE NAIRA</TITLE>
+<AUTHOR>    By Nick Kotch, Reuters</AUTHOR>
+<DATELINE>    LAGOS, March 22 - </DATELINE><BODY>Nigeria's Central Bank has changed the
+rules governing its foreign exchange auctions in what analysts
+see as a means of defending the naira currency, which has
+depreciated steadily.
+    The bank said in a statement that from April 2, banks
+bidding for foreign exchange would have to pay at the rate they
+offered and not, as presently, at the rate of the lowest
+successful bid made at the auction.
+    This should discourage banks from bidding high to ensure
+that they were successful while paying the lower "marginal" rate,
+analysts said.
+    "It should act as a brake because banks will know that if
+they bid high they will have to pay what they offered," a
+Western diplomat commented.
+    The naira has depreciated against the dollar by 62 pct
+since the auctions, known as the Second-Tier Foreign Exchange
+Market (SFEM), began last September 26.
+    At last week's session the Nigerian currency was fixed at
+4.0 to the dollar, the third fall in a row.
+    "They were clearly worried... And this is the logical way of
+trying to stop the trend," the diplomat said.
+    The Central Bank also announced the auctions would be
+fortnightly, not weekly, beginning on April 2.
+    It was not immediately clear whether next Thursday's
+scheduled session would still take place, nor if the bank was
+planning to double the 50 mln dlrs which are normally on offer
+at each auction.
+    Demand for foreign exchange has consistently outstripped
+supply, encouraging banks to bid high and thus further
+weakening the naira.
+    If the normal weekly allocation is not doubled at the
+fortnightly session, high demand could undermine the objective
+of the new system, analysts said.
+    Although bidding banks will now pay what they offered, the
+official exchange rate for the naira applying to business
+transactions will continue to be the marginal rate -- the
+lowest successful bid.
+    SFEM is a central part of Nigeria's structural adjustment
+program, which is considered to be the most ambitious economic
+recovery plan in Black Africa.
+    The program involves setting a realistic exchange rate for
+the naira, which was over-valued for many years, liberalising
+imports, boosting agriculture, removing subsidies and reducing
+inefficient government participation in the economy.
+    The World Bank has played a prominent part in designing
+this dramatic blue-print and in selling it to an often
+sceptical public which fears inflation and lower living
+standards.
+    Ishrat Husain, the World Bank's representative in Nigeria,
+said yesterday he was satisfied both with the adjustment
+program as a whole and the foreign exchange auctions.
+    "So far so good" he told a meeting of bankers in Lagos,
+adding that only members of Nigeria's import-dependent elite
+would suffer hardship while the common man would benefit.
+    Fears that the program would encourage inflation were
+incorrect, he said.
+    Bumper harvests had reduced rural inflation and urban
+prices had already reflected the naira's black market value
+before the currency was allowed to find its true level last
+September.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13596" NEWID="8075">
+<DATE>22-MAR-1987 00:08:58.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0007&#31;reute
+u f BC-ECONOMIST-CALLS-BRAZI   03-22 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIST CALLS BRAZIL DEBT REQUEST MODEST</TITLE>
+<DATELINE>    SAN FRANCISCO, March 22 - </DATELINE><BODY>Brazil's attempt to seek better
+terms for paying off its 109 billion dlr foreign debt is
+responsible and modest, a former chairman of President Reagan's
+Council of Economic Advisers said.
+    "I think that what Brazil is calling for -- limiting its
+debt payments to two and one half pct of GNP -- is a
+responsible request on their part," economist Martin Feldstein
+said at a news conference.
+    "It requires additional money on the part of the banks, but
+rather modest additional amounts."
+    Feldstein is attending the annual meeting of the Trilateral
+Commission, a foreign policy group of more than 300 business
+and government leaders from North America, Europe and Japan.
+    Feldstein, one of four members of a task force on Third
+World debt, said that Brazil's request would mean an additional
+credit of three billion to four billion dlrs from banks and
+international agencies.
+    "Brazil's debt would increase in dollar terms but remain
+constant in real terms. The four billion dlr increase in
+Brazil's 100 billion dlr debt would represent no increase in
+the real inflation-adjusted size of its liability," he said.
+    Feldstein said he believed current Third World debt
+problems were less serious than those faced by the
+international monetary system in 1983 and 1985.
+    However, the European representative on the task force,
+Herve de Carmoy, chief executive international for Midland Bank
+PLC, disagreed.
+    He called the present situation more difficult and, in a
+draft proposal included in the task force's report, suggested
+setting up an institution, possibly within the World Bank, with
+a fund that could deal with a future debt crisis.
+    Commission discussions were closed to reporters but it was
+apparent from the news conference that task force members did
+not agree on all points in their report.
+    One point of agreement, Feldstein said, was that debtor
+countries would need additional credit in the coming years if
+they are to enjoy satisfactory growth.
+    Feldstein said the task force, which also included Koei
+Narusawa, economic adviser to the president of the Bank of
+Toyko, and Paul Krugman, professor of economics at the
+Massachusetts Institute of Technology, did not agree on how
+much credit would be needed.
+    He said they also did not reach a consensus on how willing
+international banks, particularly those in Japan and Europe,
+would be to lend the money.
+    The Trilateral Commission was set up in 1973 by David
+Rockefeller, former head of Chase Manhattan bank, and others to
+promote closer cooperation among the three regions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13597" NEWID="8076">
+<DATE>22-MAR-1987 00:18:26.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0012&#31;reute
+u f BC-SARNEY-MEETS-BRAZIL-B   03-22 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SARNEY MEETS BRAZIL BUSINESS LEADERS</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SAO PAULO, March 22 - </DATELINE><BODY>President Jose Sarney, whose handling
+of the economy is under attack at home and abroad, has held
+private talks with Brazilian business leaders worried that
+government policies are leading to recession.
+    Over an informal barbecue at a farm outside Sao Paulo owned
+by millionaire entrepreneur Matias Machline, Sarney met more
+than 20 businessmen for discussion on Brazil's economic crisis.
+    Business leaders said before the meeting they would be
+pressing for less government interference in what they describe
+as a tightly regulated economy.
+    Their concerns include the country's high rates of interest
+and tough restrictions on imports.
+    Machline, president of the Sharp electronics group and a
+personal friend of Sarney's, told television reporters outside
+his farm that he wanted "less government participation in the
+economy."
+    When the government announced a month ago that it was
+suspending interest payments on Brazil's 68 billion dlr debt to
+commercial banks, it said this was a means of ensuring growth
+and avoiding recession.
+    But business leaders and economic analysts say there are
+growing signs that Brazil's economy, the eighth biggest in the
+non-communist world, is heading for a downturn after 8 pct
+growth last year.
+    Businessmen are deeply concerned about the effect on
+industry of import restrictions introduced earlier this year
+because of the country's deteriorating trade balance.
+    Cacex, the foreign trade department of the federally owned
+Banco do Brasil, has told companies they must limit their
+imports to 90 pct of what they imported in 1985.
+    Business sources say that in practice importing even this
+amount is difficult and they have to haggle with Cacex on a
+case-by-case basis.
+    The business daily Gazeta Mercantil reported that in many
+sectors of the economy there was a real fear that production
+lines would grind to a halt next month.
+    One of those attending the talks was Mario Amato, head of
+the powerful Sao Paulo State Industries' Federation (FIESP).
+    Business sources said he would argue that unless there were
+a relaxation in import controls a sharp downturn in industrial
+activity was inevitable.
+    Relations between Sarney and the business community have at
+times been strained and the existence of these tensions pointed
+up the importance of the meeting.
+    In one bizarre dispute in January, Sarney surprised
+Brazilian business leaders by declaring that they were allies
+of the 19th century anarchist Mikhail Bakunin. This outburst
+came after Amato warned that companies might start disobeying
+government regulations on price controls.
+    Brazilian press reports made much of the fact that Finance
+Minister Dilson Funaro, chief architect of the government's
+economic policy, had not been invited to the gathering.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13598" NEWID="8077">
+<DATE>22-MAR-1987 00:32:49.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0017&#31;reute
+u f BC-U.S.,-LATIN-NATIONS-D   03-22 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., LATIN NATIONS DELAY DECISION ON IADB</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    MIAMI, March 22 - </DATELINE><BODY>The United States and major Latin
+American nations agreed to set aside sharp differences over
+control of the Inter-American Development Bank (IADB) and
+reconsider the issue this summer.
+    The bank's policy-making board of governors, meeting here
+ahead of this week's IADB annual meetings, put off any
+decisions when it became apparent differences between
+Washington and the Latin countries ware too great.
+    IABD officials said Washington had indicated, however, it
+might be prepared to compromise in the future.
+    The United States is the principal donor nation and has
+pressed the bank, controlled by the Latin American borrowing
+nations, to cede virtual veto power over loans to Washington.
+    The Reagan administration wants to make the bank part of
+its controversial strategy to resolve the debt crisis.
+    The U.S. Plan calls for loans from multilateral banks like
+the IADB to be tied to economic reforms in debtor nations which
+would promote open markets, reduced government intervention and
+inflation-free economic growth.
+    Brazil, which declared an interest payments moratorium last
+month, is leading a challenge to Washington's strategy and
+officials here obviously feared any decisions that might deepen
+rifts between the United States and Third World nations.
+    IADB officials also said Washington hinted at future
+compromise. "The U.S. Said it remains hopeful they can reach an
+agreement and expressed optimism that such a consensus could be
+reached," said an official who asked not to be named.
+    Washington has threatened to scuttle a 20-25 billion dlr,
+four-year capital replenishment for the bank if the veto issue
+is not resolved.
+    But it has asked Congress to give it authority to finance
+its one-third share in the event agreement on voting power is
+reached. The United States controls 34.5 pct of the vote and
+wants a loan veto to exist at the 35 pct level.
+    Currently, a simple majority can approve or disapprove
+loans giving the borrowing nations control of the purse strings
+and resulting in loan conditions too lax for Washington's
+taste.
+    The U.S. Strategy for dealing with the debt crisis is
+expected to be repeated by Treasury Secretary James Baker in a
+speech to the bank's annual meeting on Monday.
+    But monetary sources expect Baker to suggest the United
+States has some room for compromise and also to fend off other
+challenges to its strategy by signalling Washington is open to
+innovative solutions to the debt problem.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13599" NEWID="8078">
+<DATE>22-MAR-1987 00:53:12.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>cuba</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0022&#31;reute
+u f BC-SPAIN-GIVES-CUBA-25-M   03-22 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN GIVES CUBA 25 MLN DLR CREDIT LINE</TITLE>
+<DATELINE>    HAVANA, March 22 - </DATELINE><BODY>Spain has granted Cuba a 25 mln dlr
+credit line for the purchase of Spanish goods and services in
+the iron and steel industry, the repair of fishing boats and
+development of industrial projects, Prensa Latina said.
+    The credit line was agreed by a joint economic/industrial
+commission.
+    The commission also discussed the possible participation of
+spanish companies in the Cuban tourist industry.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13600" NEWID="8079">
+<DATE>22-MAR-1987 01:06:32.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE><D>ciampi</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0023&#31;reute
+u f BC-CALABRIAN-BANK-TAKEN   03-22 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALABRIAN BANK TAKEN OVER BY COMMISSIONERS</TITLE>
+<DATELINE>    ROME, March 22 - </DATELINE><BODY>Bank of Italy governor Carlo Ciampi
+appointed three commissioners to take over the temporary
+running of the Cassa di Risparmio di Calabria e Lucania
+(Carical).
+    The announcement, in a Bank of Italy statement, followed
+the decision on Friday by Treasury Minister Giovanni Goria to
+send in special commissioners after accepting the resignation
+of Carical president Francesco Sapio and hearing a report
+detailing "serious irregularities" at the bank.
+    Goria's decision was taken in line with a provision in
+Italy's banking legislation which allows the Treasury to
+dissolve administrative bodies in the case of "serious
+management irregularities or serious violations of legal and
+statutory norms" that regulate credit institutions.
+    Senior officials declined to give details of the
+irregularities that had come to light at Carical, whose
+activities are concentrated in Calabria in the toe of Italy.
+    The Bank of Italy statement said the three special
+commissioners would work under the control of the Bank of Italy
+with the aim of safeguarding the interests of depositors, and
+ensuring the normal running of Carical until a solution to its
+"present problems" could be found.
+    The statement said it was hoped a solution could be found
+as soon as possible.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13601" NEWID="8080">
+<DATE>22-MAR-1987 01:18:07.74</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0026&#31;reute
+u f BC-NEXT-WORLD-TRADE-NEGO   03-22 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEXT WORLD TRADE NEGOTIATIONS MUST SUCCEED - NZ</TITLE>
+<AUTHOR>    By Christopher Pritchett, Reuters</AUTHOR>
+<DATELINE>    TAUPO, New Zealand, March 22 - </DATELINE><BODY>Ministers from more than 20
+nations were told by New Zealand that the next international
+negotiations on liberalising trade would be the last this
+century and the cost of failure could not be measured.
+    Trade minister Mike Moore told his colleagues at a
+welcoming ceremony before two days of talks here that great
+progress had been made in preparing for the negotiations which
+must not be sidetracked.
+    "We live in troubled and dangerous times for the world
+trading system," he said.
+    "We have seen that the failure of the world trading system
+has caused great depression and conflict in the past. Our
+failure to maintain the momentum will be at great cost to us
+all," Moore said.
+    He added: "The cost of failure is beyond calculation. It is
+our last hope and best opportunity this century. We will not
+get another chance before the year 2000."
+    The ministers are in New Zealand to review world trade
+since the "Uruguay round" talks last Sepember. The meeting is
+also part of preparations for a full-scale conference of the
+General Agreement on Tariffs and Trade (GATT) in Venice in
+June.
+    The Uruguay meeting is considered by most countries to have
+been particularly successful, with northern hemisphere
+countries managing to have service industries such as banking
+and insurance included in the next full round.
+    The southerners' goal of including agricultural and
+tropical products also was met.
+    The meeting at this North Island tourist resort is
+described by participants as informal and no declaration is
+expected.
+    Moore said one aim was to "instil a sense of political
+urgency to avert potential economic tragedy."
+    Another was to seek ways of popularising freer trade to
+people who felt the pain of readjustment but could not see the
+benefits, as well as preventing "bush fires of confrontation
+while we proceed with orderly negotiations."
+    The meeting is being attended by 25 overseas delegations
+including representatives of GATT and the Economic Community.
+    The delegates include U.S. Trade Representative Clayton
+Yeutter.
+    American sources say he is ready to state that the best way
+to reverse protectionist sentiment in the United States is to
+implement four key Uruguay proposals:
+    -- an end to agricultural subsidies;
+    -- inclusion of trade in services and investments in GATT
+regulations;
+    -- tightening of restrictions on pirating of so-called
+intellectual property such as trademarks, patents and
+copyrights;
+    -- new rules to resolve trade disputes among GATT's 92
+member states.
+    Earlier, New Zealand sources had said French Foreign Trade
+Minister Michel Noir had pulled out of the informal GATT talks
+for domestic political reasons.
+    Cabinet chief Bernard Prauge will lead the French
+delegation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13602" NEWID="8081">
+<DATE>22-MAR-1987 01:32:43.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0032&#31;reute
+u f BC-FRANCE-TO-SIGN-DISNEY   03-22 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE TO SIGN DISNEYLAND CONTRACT ON TUESDAY</TITLE>
+<DATELINE>    PARIS, March 22 - </DATELINE><BODY>The French government said it would sign
+a contract with &lt;Walt Disney Co> on Tuesday for the
+construction of Europe's first Disneyland amusement park.
+    A statement from the office of Prime Minister Jacques
+Chirac said the project, which will cost some 12 billion
+francs, would create up to 30,000 jobs and be built outside
+Paris.
+    Funding will be provided by a combination of bank loans,
+preferential financing by the French state and private
+investment. France has also agreed to invest two billion francs
+to extend rail and road links.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13603" NEWID="8082">
+<DATE>22-MAR-1987 01:35:23.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-FRANCE,-BONN-REACH-AC   03-22 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE, BONN REACH ACCORD ON HELICOPTER DESIGN</TITLE>
+<DATELINE>    PARIS, March 22 - </DATELINE><BODY>France and West Germany have reached
+broad agreement on design specifications for a joint combat
+helicopter for the 1990s, the French Defence Ministry said.
+    A ministry spokesman said French Defence Minister Andre
+Giraud and his West German counterpart Manfred Woerner had
+"agreed in principle" on a common concept for the helicopter
+during talks in Bonn on Friday.
+    A joint commission will now be formed to work with firms
+involved in project and present a final report by July, he
+added.
+    The project, first drafted in 1984, calls for the French
+company &lt;Aerospatiale> and &lt;Messerschmitt-Boelkow-Blohm> of
+Munich to develop and build 400 helicopters for the French and
+West German armed forces.
+    Its development, seen as a test of Europe's ability to
+collaborate on arms projects, has been dogged by different
+views on what type of helicopter to build and how to equip it.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13604" NEWID="8083">
+<DATE>22-MAR-1987 01:42:45.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0035&#31;reute
+u f BC-YUGOSLAV-BANKS-MISHAN   03-22 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAV BANKS MISHANDLED FUNDS, PAPER SAYS</TITLE>
+<DATELINE>    BELGRADE, March 22 - </DATELINE><BODY>More than half of Yugoslavia's banks
+have broken the law by mishandling millions of dollars worth of
+funds, a leading Yugoslav newspaper said.
+    The daily Borba, official organ of the Yugoslav Socialist
+Alliance, said 88 of Yugoslavia's 174 commercial banks had used
+57 billion dinars for illegal purposes.
+    Prime Minister Branko Mikulic told Parliament last month
+that 75 banks had been found to have misused funds by the end
+of 1986, involving 51 billion dinars. He said the offences had
+boosted inflation, now running close to an annual 100 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13605" NEWID="8084">
+<DATE>22-MAR-1987 01:46:41.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0036&#31;reute
+u f BC-INDONESIA-WILL-NEED-N   03-22 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA WILL NEED NEW SATELLITES BY 1995</TITLE>
+<DATELINE>    JAKARTA, March 22 - </DATELINE><BODY>Indonesia will need a new generation of
+satellites by 1995 at the latest to link the giant archipelago
+of 13,000 islands, Telecommunications minister Achmad Tahir was
+quoted as saying.
+    Speaking after the successful launch on Friday of a new
+Indonesian communications satellite from Cape Canaveral,
+Florida, Tahir said that a new generation of satellites was
+very important for Indonesia's domestic communications system.
+    He was quoted by Indonesia's official Antara news agency as
+saying the government would start work straight away on
+preparations and studies for the next generation of satellites.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13606" NEWID="8085">
+<DATE>22-MAR-1987 01:49:17.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>philippines</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0037&#31;reute
+u f BC-AUSTRALIAN-OFFER-FOR   03-22 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN OFFER FOR SAN MIGUEL SHARES</TITLE>
+<DATELINE>    MANILA, March 22 - </DATELINE><BODY>Diversified investment company, &lt;Ariadne
+Australia Ltd>, has offered 3.8 billion pesos for 38 mln shares
+in the Philippine brewing firm &lt;San Miguel>, a Manila newspaper
+reported.
+    The Sunday Times quoted a letter sent yesterday to
+President Corazon Aquino from Ariadne's chairman, New Zealander
+Bruce Judge, that he was offering cash equivalent to five pct
+of the nation's yearly budget to buy the shares from the
+government.
+    The presidential office and Ariadne representatives in
+Manila were not available for comment on the report.
+    The shares are the entire block seized by the government
+from the United Coconut Planters Bank (UCPB) on suspicion that
+the real owner was Eduardo Cojuangco, the former chairman of
+San Miguel and UCPB and a close associate of deposed president
+Ferdinand Marcos.
+    The 38 mln shares consist of 24 mln class A stock and 14
+mln class B shares.
+    Government officials have said earlier that the more
+valuable class A shares would not be sold to foreigners.
+    The offer values each share at 100 pesos -- the price at
+which the Philippine Social Security System suggested it might
+buy eight mln class A shares last week.
+    "Judge's offer of 3.8 billion pesos is about five pct of the
+Philippines' yearly budget," Ariadne's Philippine agent Domingo
+Panganiban was quoted as telling reporters yesterday.
+    "Mr Judge's objective in this investment is to make his
+corporation's management expertise available to San Miguel so
+that the company's assets can be fully utilised."
+    San Miguel, the country's largest brewer, is also one of
+the major manufacturers of grocery lines.
+    Panganiban is quoted as saying that San Miguel could tap
+food and liquor distribution lines in Australia, Britain, the
+U.S., New Zealand and Hong Kong through &lt;Barwon Farmlands Ltd>,
+a listed Australian firm in which it has 30 pct equity.
+    Ariadne, with about one billion dlrs in assets and turnover
+of about two billion, has interests also in mining, real estate
+and agricultural products.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13607" NEWID="8086">
+<DATE>22-MAR-1987 01:57:16.27</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0041&#31;reute
+u f BC-INDONESIA-PROTESTS-AG   03-22 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA PROTESTS AGAINST EC VEGETABLE OIL DUTY</TITLE>
+<DATELINE>    JAKARTA, March 22 - </DATELINE><BODY>Indonesia has protested to the European
+Community (EC) about its plan to raise import duties on
+vegetable oils, which will affect the country's palm oil
+exports to the EC, Trade Minister Rachmat Saleh said.
+    "Indonesia, both individually and together with other
+members of the Association of South-East Asian Nations (ASEAN),
+has protested against the EC plan to increase duties on
+vegetable oil imports," he told Indonesian reporters.
+    "We very much regret the community's plan," he added.
+    He did not say in what form the Indonesian protest was
+made.
+    Indonesia is a major palm oil producer.
+    According to central bank figures, Indonesia exported
+362,700 tonnes of crude palm oil to EC countries in calendar
+1985 and 301,400 tonnes in the first 10 months of 1986.
+Complete 1986 figures are not yet available.
+    Finance Minister Radius Prawiro said recently that the
+increase in EC duties would add a new burden to ASEAN countries
+at a time when they were trying to strengthen their economies
+in the face of lower commodity prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13608" NEWID="8087">
+<DATE>22-MAR-1987 02:08:39.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0043&#31;reute
+u f BC-ALITALIA-SPA-&lt;AZPI.MI   03-22 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALITALIA SPA &lt;AZPI.MI> CALENDAR 1986</TITLE>
+<DATELINE>    SANREMO, March 22 -
+    </DATELINE><BODY>Provisional net profit 55 billion lire vs 48 billion
+    Turnover 3,750 billion vs 3,369 billion.
+    NOTE -  Official results for Alitalia, Italy's national
+airline which is controlled by the state industrial holding
+company (Istituto per la Ricostruzione Industriale -IRI), are
+expected to be announced at an annual shareholders meeting in
+April.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13609" NEWID="8088">
+<DATE>22-MAR-1987 04:45:50.23</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>uae</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>gcc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0044&#31;reute
+r f BC-RAIMOND-EXPECTS-EC-GU   03-22 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAIMOND EXPECTS EC-GULF PROBLEMS WILL BE SOLVED</TITLE>
+<DATELINE>    ABU DHABI, March 22 - </DATELINE><BODY>French Foreign Minister Jean-Bernard
+Raimond predicted in a published interview a successful end to
+negotiations to admit Gulf petrochemical exports into the
+European Community (EC).
+    Negotiations have been under way between the Community and
+the six-nation Gulf Cooperation Council (GCC) for three years.
+    Raimond, due here tomorrow from Oman for his first official
+visit to the United Arab Emirates (UAE), told the semi-official
+daily Al-Ittihad he was confident a solution would soon be
+reached.
+    "I am confident that problems between the two big partners,
+the GCC and the EC, will find a solution. I will work to reach
+that solution," he said in the interview conducted in Paris.
+    An EC decision to impose tariffs on Gulf petrochemical
+exports over a set quota has strained trade relations between
+the two sides.
+    GCC members Saudi Arabia, Kuwait, Bahrain, Qatar, the UAE
+and Oman are threatening to impose heavy customs duties on
+European exports to the Gulf if no solution is reached.
+    Raimond said negotiations between the two groups took a
+long time because there were 20 countries involved. But added:
+"Time is now ripe and all circumstances are appropriate for
+making crucial progress."
+    Referring to the Iran-Iraq war, he said efforts should
+continue to find a solution despite prevailing difficulties.
+    He said France was continuing negotiations with Iran. Some
+problems were solved as a result of the contacts while others
+remained unresolved. He gave no details but said: "France wishes
+to have normal relations with Iran."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13610" NEWID="8089">
+<DATE>22-MAR-1987 04:52:25.73</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0047&#31;reute
+r f BC-EXPLOSION-AT-BP-OIL-R   03-22 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPLOSION AT BP OIL REFINERY IN SCOTLAND</TITLE>
+<DATELINE>    GRANGEMOUTH, Scotland, March 22 - </DATELINE><BODY>An explosion followed by
+a fire ripped through a British Petroleum (BP) oil refinery,
+killing one man.
+    A BP spokesman said the fire was confined to one plant at
+the 700-acre refinery at Grangemouth, 25 miles west of
+Edinburgh. The cause and extent of the damage had yet to be
+determined.
+    Two people were killed in a previous explosion and fire at
+the plant on March 13. That incident is still being
+investigated, the spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13611" NEWID="8090">
+<DATE>22-MAR-1987 05:06:28.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0049&#31;reute
+u f BC-FOREIGN-SHARE-OF-GERM   03-22 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREIGN SHARE OF GERMAN CAR MARKET FALLS</TITLE>
+<DATELINE>    FLENSBURG, March 22 - </DATELINE><BODY>Foreign manufacturers' share of the
+West German new car market fell to 30.8 pct in the first two
+months of this year from 33.3 pct in January/February 1986, the
+Federal Motor Office said.
+    Foreign producers' sales totalled 58,484 in February
+compared with 64,967 in February 1986, with sales in the first
+two months declining to 103,368 from 132,105 units in the
+year-earlier period.
+    Japan was the largest exporter to West Germany although its
+share fell to 12.8 pct from 13.9 pct, France took 7.7 pct after
+8.6 pct, while Italy's share rose to 5.9 pct from 5.5 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13612" NEWID="8091">
+<DATE>22-MAR-1987 05:12:58.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D><D>hong-kong</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0051&#31;reute
+u f BC-AUSTRALIAN-PLANS-PHIL   03-22 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN PLANS PHILIPPINE BRANCH FOR TAKEOVER</TITLE>
+<DATELINE>    HONG KONG, March 22 - </DATELINE><BODY>The Australia based &lt;Ariadne
+Australia Ltd>, plans to set up a branch in the Philippines to
+fulfill a prerequisite for the takeover of the Philippine
+brewing firm, &lt;San Miguel Corp>, a Hong Kong newspaper said.
+    The Hong Kong Economic Journal quoted a spokesman of
+Australian stock broker Jacksons Ltd as saying that &lt;Barwon
+Farmlands Ltd>, a listed Australian firm of which Ariadne owns
+a 30 pct stake, is planning a branch in the Philippines.
+    He added Jacksons is arranging an offer by Barwon to pay a
+total 3.8 billion pesos in cash for 38 mln San Miguel shares.
+    Barwon is offering 100 pesos each for 24 mln class A San
+Miguel shares and 14 mln class B stock. But the Jacksons
+spokesman noted that the more valuable A stock would only be
+sold to Filipinos or companies registered in the Philippines.
+    He said Barwon has approached the Philippine government
+which seized the block of shares from the United Coconut
+Planters Bank, which is believed to be linked with the
+country's deposed President Ferdinand Marcos.
+    He added he expects a deal to be concluded between Barwon
+and the Philippine Government in 14 days as it is the only
+offer in cash, the newspaper reported.
+    Hong Kong Economic Journal also noted stock market rumours
+that &lt;Neptunia Corp>, a Hong Kong registered company which
+controlled by San Miguel's president Andres Soriano, is the
+other party keen on the block of San Miguel shares.
+    The Philippine's Commission on Good Government ruled last
+May against a move of Neptunia to acquire 33 mln San Miguel
+shares controlled by the brewery firm's former chairman Eduardo
+Cojuangco, who is also chairman of United Coconut.
+    Commissioner Ramon Diaz said at the time the government
+would not allow a subsidiary to buy into a parent firm, adding
+San Miguel could have offered the shares to other parties.
+    The Manila newspaper Sunday Times published a letter sent
+yesterday to President Corazon Aquino from Ariadne's chairman,
+New Zealander Bruce Judge, that he was offering cash equivalent
+to five pct of the nation's yearly budget to buy the shares
+from the government.
+    "Judge's offer of 3.8 billion pesos is about five pct of the
+Philippines' yearly budget," Ariadne's Philippine agent Domingo
+Panganiban was quoted as telling reporters yesterday.
+    Spokesmen of Ariadne, Jacksons and Neptunia were not
+available for comment, nor any officials of the Philippines.
+    &lt;San Miguel Brewery Ltd>, a Hong Kong listed company which
+is 69.65 pct held by Neptunia on behalf of San Miguel Corp,
+closed 40 cents higher at 15.50 H.K. Dlrs on Friday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13613" NEWID="8092">
+<DATE>22-MAR-1987 05:54:39.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0058&#31;reute
+u f BC-WORKERS-AT-SPANISH-GM   03-22 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORKERS AT SPANISH GM UNIT CALL STRIKE</TITLE>
+<DATELINE>    MADRID, March 22 - </DATELINE><BODY>Workers at &lt;General Motors Espanola
+S.A.> have called for five days of strikes next month in a
+dispute over this year's wage increase, union sources said.
+    They said the unofficial strike calendar had been set for
+April 2, 7, 8, 21 and 22.
+    The workers are seeking a wage rise above this year's five
+pct inflation target set by the government. The government and
+employers' organisations have urged companies to hold wage
+rises below this level.
+    Average wages rose 8.2 pct last year compared with an 8.3
+pct increase in the cost of living.
+    General Motors Espanalo was the top sales performer last
+year among Spain's six car manufacturers.
+    The Saragossa-based plant reported a 53.1 pct rise in
+domestic sales to 538,654 units.
+    Ford Espana S.A. Was second with a 27.8 pct gain over 1985.
+    General Motors Espanola is 100 pct owned by General Motors
+Corp &lt;GM.N> and Ford Espana is wholly-owned by Ford Motor Co
+&lt;F.N>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13614" NEWID="8093">
+<DATE>22-MAR-1987 06:07:09.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iraq</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0060&#31;reute
+u f BC-HUSSEIN-SAYS-IRAN'S-Y   03-22 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUSSEIN SAYS IRAN'S YEAR OF DECISIVENESS FOILED</TITLE>
+<DATELINE>    BAGHDAD, March 22 - </DATELINE><BODY>President Saddam Hussein said Iraq had
+foiled Iran's promise of a decisive victory in their war but
+acknowledged the latest fighting cost his nation higher losses
+than previous battles.
+    Hussein warned his frontline troops to expect further
+Iranian attacks to spoil celebrations being organised
+throughout Iraq to mark what Baghdad has hailed as the failure
+of Iran's so-called year of decisiveness.
+    Iran's leadership had pledged a decisive breakthrough in
+the 6-1/2-year-long war in the Persian year -- which ended
+yesterday -- and mounted a major offensive towards Iraq's
+second city of Basra, on the southern front, in January.
+    Iraq has never given any casualty figures but Hussein
+conceded they were high.
+    "It was clear to all of us the fighting this time would be
+long and severe with more blood flowing than in previous
+battles and that we would lose more of our loved ones than we
+have before," he said in a speech read on radio and television.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13615" NEWID="8094">
+<DATE>22-MAR-1987 06:16:41.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0062&#31;reute
+u f BC-ALITALIA-REPORTS-HIGH   03-22 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALITALIA REPORTS HIGHER NET PROFITS</TITLE>
+<DATELINE>    SANREMO, March 22 - </DATELINE><BODY>Italy's national airline, Alitalia Spa
+&lt;AZPI.MI>, reporting a 14.6 pct rise in provisional 1986 net
+profit, said it carried seven pct more passengers on domestic
+routes last year, but 11.5 pct fewer passengers on flights from
+North America and Canada.
+    Alitalia said the drop in North American traffic had been
+due to a general fall in the numbers of American tourists
+visiting Europe caused by fears of terrorism.
+    The airline reported provisional net profit rose to 55
+billion lire from 48 billion in 1985.
+    A spokesman said Alitalia was hoping for an increase in
+traffic with the U.S. In 1987.
+    It planned to increase the number of flights from Italy to
+New York to 19 per week, to reinstate flights to Boston and to
+re-open the direct Rome-Milan-Los Angeles service.
+    The spokesman announced that from March 29, Alitalia would
+be starting a new weekly service to Shanghai.
+    For its summer 1987 programme, it would be adding 127 extra
+flights to European destinations -- an increase of 27 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13616" NEWID="8095">
+<DATE>22-MAR-1987 06:42:31.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>king-fahd</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0065&#31;reute
+u f BC-SAUDI-ARABIA'S-KING-F   03-22 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA'S KING FAHD VISITS BRITAIN THIS WEEK</TITLE>
+<AUTHOR>    By Deborah Telford, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 22 - </DATELINE><BODY>King Fahd of Saudi Arabia begins a
+four-day state visit on Tuesday which will focus on redressing
+Britain's large trade surplus with the kingdom and reaffirming
+ties between the traditionally close countries.
+    British officials said King Fahd may ask Britain to restore
+diplomatic relations with Syria, broken off by London last
+October after evidence in the trial of Nizar Hindawi showed
+Syrian agents were behind a plan to bomb an Israeli airliner.
+    But one official said the king would be told Britain still
+needs "clear and sustainable evidence that the Syrians have
+renounced state-sponsored terrorism. So far they haven't."
+    Britain will stress its support for an international peace
+conference on the Middle East and its concern over alleged
+human rights abuses by Israel in the occupied West Bank and
+Gaza, the officials told Reuters.
+    The Saudi leader will hold talks with Prime Minister
+Margaret Thatcher and meet Queen Elizabeth and Prince Philip
+during the visit, his first to Britain since he assumed power
+in June 1982.
+    King Fahd will be accompanied by his trade, defence, oil
+and health ministers, who will hold talks with their British
+counterparts.
+    Relations between the two countries have generally been
+warm. But they were strained last year by the deportation of 35
+British nurses from the kingdom for illegal drinking and the
+publication of a letter by a retired British ambassador
+describing Saudi Arabians as incompetent and arrogant.
+    Saudi Arabia is Britain's largest export market in the
+Middle East.
+    Britain exported 1.5 billion stg worth of goods to Saudi
+Arabia last year while British imports from that country in the
+same period totalled 436 mln.
+    Trade officials will discuss what countertrade Britain can
+offer in return for Riyadh giving London its biggest-ever arms
+export order.
+    Under the five billion stg deal signed last year, Saudi
+Arabia has agreed to buy 132 warplanes including 72 Tornado
+fighters.
+    Saudi Oil Minister Hisham Nazer is likely to discuss oil
+price stabilisation but Britain would not change its refusal to
+limit its North Sea oil production and exports, officials said.
+    Saudi Arabia, the world's biggest oil exporter, has asked
+all oil-producing countries to help stabilise oil prices at 18
+dlrs a barrel by curbing output and exports.
+    King Fahd's trip follows several visits to Saudi Arabia by
+British officials in recent months. Britain's Prince Charles
+and Princess Diana went to Saudi Arabia in November.
+    There were two previous state tours of Britain by Saudi
+monarchs. King Faisal visited in 1967 and King Khaled in 1981.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13617" NEWID="8096">
+<DATE>22-MAR-1987 07:54:19.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0076&#31;reute
+u f BC-RAFIDAIN-BANK'S-JORDA   03-22 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAFIDAIN BANK'S JORDAN BRANCH RAISES CAPITAL</TITLE>
+<DATELINE>    AMMAN, March 22 - </DATELINE><BODY>The Jordan branch of Iraq's Rafidain Bank
+said it will raise paid-up capital to comply with the country's
+minimum requirement of five mln dinars by drawing on profits
+from its operations in the country.
+    Jordan's government asked banks in early 1985 to comply
+with the new capital requirement -- raised from three mln
+dinars -- by the start of 1986.
+    Rafidain's Area Manager Adnan Abdul Karim al-Azzawi told
+Reuters the branch had now registered its capital at the higher
+level but did not say how long it would take to pay it in. The
+bank's 1986 balance shows paid-up capital of 3.1 mln dinars.
+    Banks in Jordan have generally complied with the higher
+capital requirement except Chase Manhattan which decided
+instead to close its operation, banking sources said.
+    Local banks floated shares to raise extra capital, while
+the branches of foreign banks brought in additional cash.
+    Banking sources said it appeared that Jordan had made an
+exception in Rafidain's case, allowing it longer to comply.
+They said the gesture refelcted close political ties between
+Jordan and Iraq as well as Baghdad's financial difficulties.
+    The Jordan branch saw pre-tax profit rise 80 pct in 1986 to
+550,332 dinars on assets of 12.6 mln dinars.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13618" NEWID="8097">
+<DATE>22-MAR-1987 19:04:43.39</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0094&#31;reute
+u f BC-BAKER-DENIES-DOLLAR-T   03-22 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER DENIES DOLLAR TARGET EXISTS</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+again said the meeting of six major industrial nations in Paris
+last month did not establish a target exchange rate for the
+dollar.
+    Baker said in a television interview aired here yesterday:
+"We don't have a target for the dollar." He declined to comment
+on what might be a desired level for the dollar, saying: "We
+really don't talk about the dollar."
+    He said protectionism was becoming "extremely strong" in the
+U.S. In response to widening U.S. Trade deficits and import
+barriers in other countries.
+    "The mood in the United States is extremely disturbing. It's
+extremely strong," he said.
+    "As I've said before, we sort of see ourselves as engaged
+here in a real struggle to preserve the world's free trading
+system, because if the largest market in the world (the U.S.)
+goes protectionist we run the risk of moving down the same path
+that the world did in the late 1930s," he said.
+    While relative exchange rates had a role to play in
+defusing the threat of protectionism, it alone did not offer
+any solution, he said.
+    "You must address this problem on the exchange rate side,
+but it cannot be solved on the exchange rate side alone. It's
+far more comprehensive and broad than that, and the solution of
+it requires a comprehensive approach," Baker said in the
+interview.
+    Baker said it would be necessary for other countries to
+adjust their currencies upwards, as well as remove their
+barriers to U.S. Imports. But he did not elaborate or name any
+countries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13619" NEWID="8098">
+<DATE>22-MAR-1987 19:22:20.02</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0098&#31;reute
+u f BC-U.S.-CREDIT-MARKET-OU   03-22 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKET OUTLOOK - MINI-REFUNDING</TITLE>
+<AUTHOR>    By Claire Miller, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>A hefty slice of new U.S. Treasury
+supply is not the most welcome prospect for a slumbering credit
+market, but at least this week's offerings should provide it
+with some focus, economists said.
+    "Banks and mutual funds have cash that should be put to
+work, so the auctions should breathe some life into the market,"
+said economists at Merrill Lynch Capital Markets Inc.
+    The Treasury will place a 25 billion dlr package of
+two-year, four-year and seven-year notes on the sales block
+this week.
+    The "mini-refunding," which will raise 9.27 billion dlrs in
+new cash, comprises 10 billion dlrs of two-year notes for
+auction on Tuesday, 7.75 billion dlrs of four-year notes on
+Wednesday and 7.25 billion dlrs of seven-year notes on
+Thursday. The market also faces the regular weekly three- and
+six-month bill auction today, amounting to 12.8 billion dlrs.
+    The mini-refunding does not come at a particularly
+auspicious time for the market. Bond prices have been drifting
+sideways in a narrow range against the backdrop of a cloudy
+U.S. Economic outlook, diminished chances of a change in
+Federal Reserve Board policy and a stable dollar.
+    Moreover, the bond market's inertia has compared
+unfavourably with the rash of activity taking place in
+high-yield markets overseas, like the U.K., As well as in U.S.
+Equities.
+    But according to the Merrill Lynch economists, there are
+signs the pall hanging over the U.S. Bond market is lifting a
+bit.
+    "Customer activity has been light, but all on the buy-side,
+and there is a marked absence of selling," they said in a weekly
+report.
+    Philip Braverman of Irving Trust Securities Inc believes
+banks will snap up the two- and four-year issues at this week's
+sales.
+    "The banks are in need of investments that provide earnings.
+Though the yield spread to the cost of carrying these
+maturities has been wider, it is still positive," he said in a
+weekly market review.
+    But economists agreed not even the auctions will generate
+enough impetus for a major move. This will only come once the
+overseas markets have had their run.
+    "Based on last week's events, there is little to indicate
+that the appetite for yield has begun to wane," said economists
+at Salomon Brothers Inc.
+    Indeed, talk persisted last week that Japanese investors
+are planning to re-weight their portfolios in favour of the
+higher-yielding markets at the start of Japan's new fiscal year
+on April 1.
+    And while traditionally the Japanese have not been big
+buyers of the shorter-dated issues on offer at this week's U.S.
+Auctions, such reports undermine market confidence.
+    Even actions by the British, Australian and Canadian
+monetary authorities to curb the rise of their currencies
+should also enhance the attractiveness of their respective bond
+markets, the Salomon Brothers' economists said.
+    Meanwhile, ecomomic releases are unlikely to enliven the
+U.S. Market unless they deviate widely from expectations,
+economists said.
+    This week's economic calendar begins on Tuesday with
+February durable goods orders. Economists expect a rebound from
+January's depressed levels.
+    Peter Greenbaum of Smith, Barney, Harris Upham and Co said
+several areas, including transport equipment, should have
+bounced back. But a decline in military capital goods will cap
+total new orders. He forecasts a rise of two pct after
+January's 6.7 pct slump. Some other economists foresee a gain
+as large as five pct.
+    Friday's consumer price report for February is expected to
+show an increase of about 0.3 pct after a 0.7 pct January gain.
+Economists said energy prices -- the driving force behind the
+January rise -- rose more moderately last month, while food
+prices declined.
+    Meanwhile, economists warned that the federal funds rate
+will be subject to volatility in the weeks ahead due to the
+approach of quarter-end and the mid-April tax date.
+    Some economists expect the Fed to execute a bill pass this
+week because its adding requirement increases sharply in the
+new statement period beginning on Thursday.
+    Fed funds traded at 6-1/16 pct late Friday and are expected
+to open near that level.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13620" NEWID="8099">
+<DATE>22-MAR-1987 20:01:10.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0110&#31;reute
+u f BC-SWISS-BANKERS-PLANNIN   03-22 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS BANKERS PLANNING COMPROMISE ON SECRECY CURBS</TITLE>
+<AUTHOR>    By Peter Conradi, Reuters</AUTHOR>
+<DATELINE>    ZURICH, March 23 - </DATELINE><BODY>Bankers, concerned about official calls
+for curbs on Switzerland's banking secrecy, are likely to
+propose a compromise plan when they meet regulators today, the
+Bankers Federation Secretary said.
+    Andreas Hubschmid confirmed a report in yesterday's
+Sonntagsblick the Federation would make proposals to curb the
+anonymity given to some bank clients who hide their identities
+behind lawyers or fiduciary agents.
+    "The Sonntagsblick story goes in the right direction, and I
+cannot deny it," Hubschmid told Reuters.
+    Hubschmid declined to confirm details, saying nothing had
+yet been decided.
+    Recent allegations U.S. Officials involved in the
+arms-for-Iran scandal took advantage of Swiss discretion to
+open accounts here have added fuel to the long-running secrecy
+debate, while Manila has said former Philippine President
+Ferdinand Marcos put a fortune into banks here.
+    While Swiss banks are strictly forbidden to reveal the
+names of their clients to the outside world, a self-governing
+code of conduct dating from 1977 requires the bankers
+themselves know the identities of their clients.
+    But the banking code, due for renewal this October, allows
+a client to hide his name behind a lawyer provided the latter
+signs the so-called "B-form" guaranteeing that his client is not
+misusing his anonymity for criminal purposes.
+    The Commission said at the end of last year it wanted use
+of the form drastically reduced.
+    The bankers' compromise plan, Sonntagsblick said, quoting
+reliable sources, aims to eliminate abuses by differentiating
+between lawyers who just manage portfolios for their clients
+and those who do so only as a small part of a wider legal
+service.
+    Only in the second case, would the use of the B-form still
+be allowed, it said. Other clients would have to give up their
+anonymity and reveal their identities to the bank.
+    Commission President Hermann Bodenmann said the Commission
+was likely to discuss the proposal at today's meeting with the
+bankers, and during its own council session on Tuesday. He
+declined further comment.
+ The banks draw up their own rules of conduct. But banking
+analysts said the banks cannot afford to ignore the views of
+the Commission, which is ultimately responsible for preventing
+abuses.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13621" NEWID="8100">
+<DATE>22-MAR-1987 20:45:26.34</DATE>
+<TOPICS><D>acq</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0128&#31;reute
+u f BC-SANTOS-BIDS-FOR-OIL-A   03-22 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTOS BIDS FOR OIL AND GAS COMPANY TMOC RESOURCES</TITLE>
+<DATELINE>    ADELAIDE, March 23 - </DATELINE><BODY>Cooper Basin oil producer Santos Ltd
+&lt;STOS.S> said it will bid 4.00 dlrs a share for the 96.03 pct
+it does not already hold in diversified oil and gas company
+&lt;TMOC Resources Ltd>.
+    Santos said the bid values TMOC at 248.5 mln dlrs. It said
+it already holds 1.91 mln of TMOC's 25 cent par shares.
+    TMOC held interests outside the Cooper Basin region of
+South Australia and Queensland and the acquisition would
+further the Santos objective of developing as a broadly based
+oil and gas company with interests outside its existing base in
+the Cooper Basin, the company said in a statement.
+    Santos said TMOC holds several important domestic oil and
+gas production, exploration and pipeline interests.
+    In the Northern Territory it has a 43.75 pct stake in and
+operates the Mereenie oil and gas field in the Amadeus Basin
+and owns 32 pct of &lt;N.T. Gas Pty Ltd>, owner and operator of
+the Alice Springs to Darwin gas pipeline.
+    In Queensland, TMOC has extensive interests in the Surat
+Basin, including the 100 pct owned and operated Moonie oil
+field and 33 pct of the Boxleigh gas field.
+    TMOC owns 80 pct of the &lt;Moonie Pipeline Co Pty Ltd> which
+owns and operates the Moonie to Brisbane oil pipeline.
+    TMOC also holds 25 pct of the Jackson to Moonie oil
+pipeline, 20 pct owned by Santos. Output from the Naccowlah
+block, 40 pct owned by Santos, provides the bulk of the
+throughput of both pipelines.
+    TMOC has exploration interests in a number of areas in the
+Amadeus, Surat, Eromanga and Canning basins.
+    It also has oil and gas interests in Britain's North Sea,
+Ecuador, and the U.S., Along with gold and base metal
+production through its associate &lt;Paringa Mining and
+Exploration Co Plc>, Santos said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13622" NEWID="8101">
+<DATE>22-MAR-1987 20:59:25.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0131&#31;reute
+u f BC-DEBT-SOLUTION-REQUIRE   03-22 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEBT SOLUTION REQUIRES OPEN MARKETS, GERMAN BANKER</TITLE>
+<DATELINE>    FRANKFURT, March 23 - </DATELINE><BODY>The solution of the world's debt
+crisis requires open markets but a possible resurgence of
+protectionism is the biggest danger, the president of the
+Federal Association of German Banks, Wolfgang Roeller, said.
+    Roeller, who is also management board spokesman of Dresdner
+Bank AG, said in a radio interview it is unlikely Brazil's
+suspension last month of part of its interest payments would
+lead to a chain reaction in Latin America.
+    It is important to increase the efficiency of debtor
+countries to such an extent they earn sufficient currency from
+exports to repay foreign debt, he said.
+    Brazil had taken a unilateral step, Roeller said, but
+Brazil had a strong and broad economic base. With the help of
+appropriate economic programmes there should be a way to bring
+back financial stability to that country.
+    Roeller said action on the debt situation had to be taken
+now. It could not be expected debtor countries would be able to
+repay debts in the short run, even if economic conditions
+improved. Programmes had to be developed which would strengthen
+the economic position of these countries, to ensure world
+economic growth so they are able to sell their products at
+adequate prices.
+    Roeller said the debt crisis could only be solved in
+coordination with governments, international organisations such
+as the World Bank and the International Monetary Fund, and
+creditor banks.
+    "This is not a topic which can be solved by creditor banks
+alone," he said. One aim had to be to raise the credit standing
+of debtor countries to such a degree they are able to raise
+funds on international credit markets again. He said a whole
+set of new ideas had been developed and he was convinced the
+international banking system would provide more funds, but the
+problem is not just economic but also political.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13623" NEWID="8102">
+<DATE>22-MAR-1987 21:30:42.37</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0147&#31;reute
+u f BC-GATT-SUCCESS-WILL-TAK   03-22 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT SUCCESS WILL TAKE PRESSURE, N.Z. MINISTER</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 23 - </DATELINE><BODY>Long term pressure by trade
+ministers is necessary if the current Uruguay round of talks on
+the General Agreement on Trade and Tariffs (GATT) is to
+succeed, New Zealand's Overseas Trade minister Mike Moore said.
+    Moore told the opening meeting of trade ministers from 22
+nations gathered for informal talks on the GATT that ministers
+"need opportunities to keep in touch and to consider how the
+political problems inherent in an exercise like this one can be
+faced and resolved."
+    Moore said the Taupo meeting is one of a series of such
+international gatherings, which includes the OECD ministerial
+meeting in May and the G-7 meeting in Venice in June, enabling
+ministers to maintain contact.
+    World trade conditions are getting better not worse, he
+said.
+    He said New Zealand is "moving rapidly and of our own
+initiative in the direction of liberalisation, and I warn you
+we shall be looking for partners."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13624" NEWID="8103">
+<DATE>22-MAR-1987 21:36:39.24</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0151&#31;reute
+u f BC-JAPAN-LONG-TERM-PRIME   03-22 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN LONG-TERM PRIME SEEN CUT TO RECORD LOW SOON</TITLE>
+<DATELINE>    TOKYO, March 23 - </DATELINE><BODY>Japan's long-term banks will soon cut
+their prime rate, now at a record low 5.5 pct, by 0.2 or 0.3
+percentage point in response to falling secondary market yields
+on their five-year debentures, long-term bankers said.
+    The long-term prime rate is customarily set 0.9 percentage
+point above the coupon on five-year bank debentures issued by
+the long-term banks every month.
+    The latest bank debentures, at 4.6 pct, have met strong
+end-investor demand on the prospect of further declines in yen
+interest rates, dealers said. The current 5.5 pct prime rate
+has been in effect since February 28.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13625" NEWID="8104">
+<DATE>22-MAR-1987 21:47:39.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0161&#31;reute
+u f BC-RESERVE-BANK-CANCELS   03-22 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESERVE BANK CANCELS WEEKLY N.Z. T-BILL TENDER</TITLE>
+<DATELINE>    WELLINGTON, March 23 - </DATELINE><BODY>The Reserve Bank said it is
+cancelling its regular weekly treasury bill tender scheduled
+for tomorrow.
+    The Bank said in a statement forecasts indicate a net cash
+withdrawal from the system through the week.
+    The Bank expects to be conducting open market operations as
+usual, and after these operations daily cash balances should
+fluctuate around 30 mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13626" NEWID="8105">
+<DATE>22-MAR-1987 21:57:09.11</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0162&#31;reute
+u f BC-COFFEE-CONFERENCE-END   03-22 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE CONFERENCE ENDS WITH CALL TO CONTINUE TALKS</TITLE>
+<DATELINE>    MANAGUA, March 22 - </DATELINE><BODY>A meeting of eight Latin American
+coffee producers ended with a call for continued talks aimed at
+arriving at an agreement to stabilize international prices.
+    A statement delivered by the conference's president,
+Nicaragua's External Trade Minister Alejandro Martinez Cuenca,
+said the object of future meetings would be to seek
+negotiations leading to basic export quotas.
+    The meeting was attended by representatives from Brazil,
+Mexico, Guatemala, El Salvador, Honduras, Costa Rica and
+Nicaragua. A Panamanian representative attended the meeting as
+an observer.
+    Representatives at the meeting said efforts would continue
+to be made to reach a regional consensus on export quotas which
+could be presented to the International Coffee Organization.
+    In opening the meeting, Nicaraguan President Daniel Ortega
+said the lack of an accord on export quotas was behind falling
+coffee prices, which he said have caused billions of dollars in
+losses to countries in the region.
+    Jorio Dauster, president of the Brazilian Coffee Institute,
+said his government is committed to working towards an
+producers accord in order to bring about higher prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13627" NEWID="8106">
+<DATE>22-MAR-1987 22:08:54.94</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0171&#31;reute
+u f BC-YEUTTER-SEES-U.S.,-JA   03-22 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER SEES U.S., JAPAN VERGING ON TRADE CONFLICT</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 23 - </DATELINE><BODY>The United States and Japan
+are on the brink of serious conflict on trade, especially over
+semiconductors, Japanese unwillingness for public bodies to buy
+U.S. Super-computers, and barriers to U.S. Firms seeking to
+participate in the eight billion dlr Kansai airport project,
+U.S. Trade Representative Clayton Yeutter said.
+    He was talking to reporters yesterday on the eve of a
+two-day meeting of trade ministers which will review progress
+made by committees set up after the Uruguay meeting last
+September launched a new round of GATT (General Agreement on
+Tariffs and Trade) talks.
+    European Community (EC) commissioner Willy de Clercq
+meanwhile told reporters conflict between the world's three
+major trading and economic powers -- the EC, the U.S. And Japan
+-- set a poor example for other members of GATT.
+    Australian Trade Minister John Dawkins told the reporters
+bilateral retaliation at the enormous expense of the rest of
+the world was no way to solve trade disputes.
+    New Zealand trade minister Mike Moore told his colleagues
+great progress had been made in preparing for the current round
+of GATT negotiations which must not be sidetracked.
+    The ministers have said they want to maintain the momentum
+towards fresh negotiations or avert serious trade conflicts.
+    Yeutter said the problem with international trade talks was
+that they tended to get bogged down for years. "Countries don't
+get very serious about negotiating until the end of the day
+which is, maybe, five or six years in the future."
+    He also said he did not consider the new U.S. Congress as
+protectionist as it was 18 months ago. "That's a very healthy
+development," he added."If you asked me about that a year or 18
+months ago I would have said that it was terribly
+protectionist."
+    "Members of Congress, that is the contemplative members of
+Congress, have begun to realise protectionism is not the answer
+to the 170 billion dlr trade deficit," Yeutter said.
+    "They've also begun to realise that you cannot legislate
+solutions to a 170 billion dollar trade deficit so they are
+more realistic and, in my judgement, more responsible on that
+issue than they were 12 or 18 months ago."
+    He added, "Whether that will be reflected in the legislation
+that eventually emerges is another matter."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13628" NEWID="8107">
+<DATE>22-MAR-1987 22:16:55.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE><D>mikulic</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0176&#31;reute
+u f BC-PREMIER-SAYS-YUGOSLAV   03-22 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREMIER SAYS YUGOSLAVIA WILL PAY ITS DEBTS</TITLE>
+<AUTHOR>    By Peter Humphrey, Reuters</AUTHOR>
+<DATELINE>    BELGRADE, March 23 - </DATELINE><BODY>Yugoslavia, whose economic crisis is
+under close scrutiny by foreign creditors, will not follow
+Brazil by suspending repayments on its large foreign debt,
+Prime Minister Branko Mikulic was quoted as saying.
+    Mikulic was speaking to West German journalists in an
+interview published yesterday by the Tanjug news agency.
+    He said Yugoslavia had always paid its debts and would
+continue to do so, but he said creditors and international
+institutions should show more "understanding" for Yugoslavia's
+situation.
+    Mikulic said Yugoslavia had "understanding" for what Brazil
+had done.
+    Yugoslavia has almost 100 pct annual inflation, lagging
+exports and low productivity. This month Makulic imposed
+partial freezes on wages and prices which led to widespread
+strikes. Tanjug said in the interview Mikulic warned the army
+could be called in if Yugoslavia's political system was
+threatened. Official reports show Yugoslavia ended 1986 with
+hard currency debt of 19.7 billion dlrs. In 1986 it repaid a
+record 5.97 billion in capital and interest, reducing its
+overall debt by 996 mln dlrs.
+    Government ministers told reporters last week they
+regretted Yugoslavia made such an effort in 1986. They said the
+cost to the economy had been too great.
+    Earlier this month deputy prime minister Janos
+Milosavljevic said Yugoslavia needed new credits. Foreign
+Minister Raif Dizdarevic said in Caracas, "radical changes" in
+interest rates and repayment times were needed.
+    Western economists said Mikulic's remarks, taken with those
+of his ministers, could be a signal some problems were seen
+ahead in financing the debt repayments.
+    Yugoslavia's debt refinancing timetable is to be considered
+by the Paris club at the end of this month.
+    The International Monetary Fund, which recently reviewed
+the Yugoslav economy, is said by Western diplomats to be
+alarmed at what it sees as a deteriorating economic crisis here
+and the possibility of balance of payments problems later this
+year.
+    Mikulic visits West Germany next week, and debt is expected
+to figure high on the agenda of his talks with Chancellor
+Helmut Kohl.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13629" NEWID="8108">
+<DATE>22-MAR-1987 22:56:13.30</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0191&#31;reute
+u f BC-NEW-COOPER-BASIN-GAS   03-22 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW COOPER BASIN GAS POOL DISCOVERY REPORTED</TITLE>
+<DATELINE>    ADELAIDE, March 23 - </DATELINE><BODY>&lt;Delhi Petroleum Pty Ltd> said a
+second gas flow has been recorded in the Epsilon formation of
+the Toolachee Block on PEL five and six signifying a new pool
+discovery.
+    The Kerna Four appraisal well flowed gas at 235,038 cubic
+meters a day with four kiloliters of condensate through a 13mm
+surface choke over an interval of 2,374 to 2,399 meters.
+    DST 1, in the Epsilon formation, was earlier reported as
+flowing gas at 237,862 cm/day, Delhi said in a statement.
+    The well is two km south south east of Kerna 3, 15 km south
+east of the Dullingari field and 75 km east of Moomba.
+    Delhi said the remaining objective of the well is the
+Patchawarra formation.
+    Other interest holders in the Kerna Four well are: Santos
+Ltd &lt;STOS.S> 50 pct, Delhi 30, &lt;Vamgas Ltd> 10, &lt;South
+Australian Oil and Gas Corp Pty Ltd> 10 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13630" NEWID="8109">
+<DATE>22-MAR-1987 23:16:43.85</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>iran</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0199&#31;reute
+u f BC-IRAN-SAYS-IT-INTENDS   03-22 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAYS IT INTENDS NO THREAT TO GULF SHIPPING</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>Iran said reports that it intended to
+threaten shipping in the Gulf were baseless, and warned the
+U.S. And other countries not to interfere in the region.
+    Tehran radio, monitored by the BBC, quoted a Foreign
+Ministry spokesman as saying any attempt at interference would
+be met by "a strong response from Iran and other Moslems in the
+world."
+     U.S. Defence Secretary Caspar Weinberger, in remarks
+apparently unrelated to the broadcast, said the U.S. Would do
+whatever was necessary to keep shipping lanes open in the face
+of new Iranian anti-ship missiles in the Gulf.
+    The U.S. State Department said two days ago Tehran had been
+told of U.S. Concern that Iranian anti-ship missiles posed a
+threat to the free flow of oil from the Gulf.
+    U.S. Officials have said Iran has new Chinese-made
+anti-ship "Silkworm" missiles, which pose a greater threat to
+merchant ships than missiles used before.
+    The Iranian spokesman said the reports that Iran intended
+to attack ships were "misleading propaganda."
+    He said Iraq's President Saddam Hussein was the main cause
+of tension in the Gulf and said Iran would continue to use "all
+its legitimate means to stem the cause of tension."
+    Weinberger said in a television interview in the U.S. "We
+are fully prepared to do what's necessary to keep the shipping
+going and keep the freedom of navigation available in that very
+vital waterway."
+    "We aren't going into any disclosures or discussions of what
+might happen, but we are certainly very sympathetic to and
+listening carefully to any suggestions for our assistance in
+keeping navigation free in that area," he said.
+    Weinberger said U.S warship movements in the Gulf area were
+not unusual.
+    A U.S. Navy battle group led by the aircraft carrier Kitty
+Hawk is currently in the northern Arabian Sea.
+    The Iranian spokesman was quoted by Tehran radio as saying
+the U.S. Was trying to build up its military presence in the
+region.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13631" NEWID="8110">
+<DATE>22-MAR-1987 23:33:16.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0208&#31;reute
+u f BC-BRAZIL-BUSINESS-LEADE   03-22 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL BUSINESS LEADERS CALL FOR TALKS WITH IMF</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SAO PAULO, March 22 - </DATELINE><BODY>Brazilian business leaders attending
+a weekend meeting with President Jose Sarney called on the
+government to seek help from the International Monetary Fund
+(IMF) in resolving its debt problems.
+    The government has so far rejected suggestions that it let
+the IMF play a role in rescheduling its 109 billion dlr debt,
+the biggest in the Third World.
+    Finance Minister Dilson Funaro has said an IMF program for
+Brazil, adopted four years ago, caused a recession and he
+believes another IMF program would stifle growth.
+    Sarney last month suspended interest payments on Brazil's
+68 billion dlr commercial debt, a move which has found little
+favour among the country's business community.
+    Several businessmen called for a return to the IMF, arguing
+this would give the country access to new funds and allow the
+economy to grow. Both sides in the IMF debate say the course
+they favour will enable Brazil to avoid recession.
+    "We have to discuss the foreign debt like Mexico does, if
+necessary going to the IMF," Mario Amato, president of the Sao
+Paulo State Industries' Federation, was quoted as saying.
+     An about-turn on the IMF issue would be politically very
+difficult for the Sarney government and there are no firm
+indications such a policy reversal is in the offing.
+    The person most closely associated with the anti-IMF stance
+is Finance Minister Dilson Funaro, who was not present at
+yesterday's meeting. Brazilian newspapers highlighted his
+absence and reported that several of the 24 businessmen present
+seized the opportunity to tell Sarney they would like to see
+Funaro leave his job.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13632" NEWID="8111">
+<DATE>22-MAR-1987 23:42:19.32</DATE>
+<TOPICS><D>gnp</D><D>ringgit</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0219&#31;reute
+u f BC-MALAYSIAN-1987-ECONOM   03-22 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN 1987 ECONOMIC GROWTH SEEN ABOVE FORECAST</TITLE>
+<DATELINE>    SINGAPORE, March 23 - </DATELINE><BODY>The Development Bank of Singapore Ltd
+(DBS) said Malaysia's real gross domestic product growth (gdp)
+in 1987 could be 1.5 to two pct, above a budget target of one
+pct.
+    It said in a report that because of an economic recovery
+and higher foreign exchange reserves, the Malaysian ringgit is
+unlikely to face devaluation in the near future.
+    The report was presented at a two-day investment conference
+organised by the DBS, one of Singapore's four major banks.
+    The report said rising commodity prices and the continued
+expansion of the manufacturing sector coupled with rigorous
+fiscal restraints and a more stable currency are grounds for
+cautious optimism about the Malaysian economy.
+    It forecast the ringgit will remain stable at between 2.60
+and 2.70 Malaysian dlrs to the U.S. Dollar for the rest of the
+year.
+    But the report said the growth rate of Malaysia's external
+debt remains worrying and should be controlled. It said
+Malaysia's external debt totals 48 to 49 billion Malaysian dlrs
+and its debt service ratio exceeds 20 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13633" NEWID="8112">
+<DATE>22-MAR-1987 23:45:01.69</DATE>
+<TOPICS><D>oilseed</D><D>coconut</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0221&#31;reute
+u f BC-PHILIPPINE-COCONUT-PR   03-22 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE COCONUT PRODUCT EXPORTS FALL IN JANUARY</TITLE>
+<DATELINE>    MANILA, March 23 - </DATELINE><BODY>Coconut product exports fell to 163,924
+copra tonnes in January from 196,610 tonnes in December and
+167,747 tonnes in January last year, government figures show.
+    Coconut product sales earned 44.54 mln dlrs compared with
+45.30 mln in December and 49.09 mln a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13634" NEWID="8113">
+<DATE>22-MAR-1987 23:47:47.97</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>bangemann</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0222&#31;reute
+u f BC-GERMAN-STEEL-SUBSIDIE   03-22 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN STEEL SUBSIDIES CANNOT CONTINUE - MINISTER</TITLE>
+<DATELINE>    BONN, March 22 - </DATELINE><BODY>Economics Minister Martin Bangemann said
+the state could not continue to pour money into West Germany's
+ailing steel and coal industries because the subsidies
+endangered other parts of the economy.
+    "The situation is completely absurd from an economic point
+of view," Bangemann told the newspaper Die Welt in an interview
+released ahead of publication tomorrow.
+    "We are subsidising the production of mineral coal and steel
+to an enormous extent and at the same time putting a huge
+burden on all other branches of industry and making them
+uncompetitive," he said.
+    Bangemann said the steel and coal industries were no longer
+capable of being competitive. Continued state subsidies would
+not save them but would only prolong their lives artifically
+for a few years, he said.
+    "That is why I have refused to continue subsidising them in
+the way that we have done in the past," he said.
+    Several steel firms have announced plans to reduce their
+workforces, citing weak prices and lower exports due to the
+strength of the mark and tough foreign competition.
+    Bangemann said everything possible would be done to find
+new jobs for the workers affected by the cuts.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13635" NEWID="8114">
+<DATE>22-MAR-1987 23:50:59.70</DATE>
+<TOPICS><D>inventories</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0224&#31;reute
+u f BC-AUSTRALIAN-MANUFACTUR   03-22 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN MANUFACTURERS EXPECT DOWNTURN - SURVEY</TITLE>
+<DATELINE>    MELBOURNE, March 23 - </DATELINE><BODY>A majority of Australian
+manufacturers expect a deterioration in the business climate,
+according to the March survey of industrial trends by Westpac
+Banking Corp and the Confederation of Australian Industry.
+    After expecting improvements in two previous quarterly
+surveys, 56 pct of respondents reported working at less than
+satisfactory levels, with insufficient orders nominated by 70
+pct as the major constraint.
+    Other constraints were capacity, 11 pct, and labour nine
+pct, the survey said.
+    Inflationary pressure increased during the quarter and
+investment plans for the next year were scaled down, which the
+survey said could limit activity in the medium to short term.
+    Respondents reporting an increase in orders fell to 22 pct
+in March from 30 pct in December, while those with orders
+accepted but not yet delivered fell to 14 pct from 21 pct.
+    Stocks of finished goods and raw materials fell sharply in
+the March quarter and further depletion was forecast for the
+June quarter, the survey said.
+    Respondents said finance was harder to obtain, which
+Westpac chief economist Bob Graham said was probably because of
+high interest rates rather than the availability of money.
+    Graham said he thought expectations would gradually improve
+later this year, when the dollar might consolidate and interest
+rates ease slightly.
+    He believed some manufacturers were not investing because
+they feared the Australian dollar would get stronger.
+    "We do not believe the dollar will revalue, the (economic)
+fundamentals are for it to slip away if anything," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13636" NEWID="8115">
+<DATE>22-MAR-1987 23:53:11.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0228&#31;reute
+u f BC-DART-GROUP-FLEXIBLE-O   03-22 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DART GROUP FLEXIBLE ON SUPERMARKETS &lt;SGL> BID</TITLE>
+<DATELINE>    NEW YORK, March 22 - </DATELINE><BODY>&lt;Dart Group Corp> said it told
+Supermarkets General Corp &lt;SGL> it was flexible on the price it
+would pay to acquire the company.
+    Dart has said it would offer 41.75 dlrs cash for each SGL
+share if the SGL board recommended the offer to shareholders.
+    SGL has termed the 1.62 billion dlr offer unsolicited.
+    In a letter to SGL dated March 20, Dart also said it was
+denied confidential information on SGL that would be given to
+other potential bidders.
+    SGL officials could not be reached for comment.
+    Dart said it was advised that a selling brochure for the
+sale of SGL had been distributed to about 20 potential buyers,
+but not itself. These purchasers would also be given access to
+SGL's books and records and the opportunity to talk with key
+employees.
+    "We suspect that one or more of the 20 are leveraged buyout
+firms," said a source close to Dart. Analysts have said SGL
+management may be considering a leveraged buyout.
+    Dart said it remains interested in acquiring SGL on a
+friendly basis and reiterated its willingness to negotiate all
+the terms of its offer.
+    Dart said SGL representatives said the company has not
+received any other offer.
+    It said it requested the confidential information to better
+understand SGL, but was denied this because it refused to sign
+an agreement prohibiting it from making a bid for SGL without
+SGL's approval.
+    The agreement would also have limited its ability to buy
+SGL shares, Dart said. It considered those conditions
+unreasonable in the interest of trying to negotiate a friendly
+transaction, it said.
+    Dart has just under five pct of SGL shares.
+    Dart said it requested the information before its meeting
+with SGL representatives, but held the meetings in the hope
+representatives would reach an agreement.
+    It said it indicated it was flexible on price, but was told
+there were certain issues important to SGL management and while
+they were not conditions to the deal, Dart was expected to take
+them into account in putting together its package.
+    It said the issues include an immediate payment of 5.7 mln
+dlrs to SGL chairman Leonard Lieberman, executive vice
+president James Dougherty and financial officer Murray Levine.
+    Dart said this payment was intended for the three officers'
+severance agreements, although there was an implication that
+Lieberman and Dougherty would be leaving the company of their
+own volition.
+    Dart said under their present agreements, none of these
+officers have any right to such accelerated payments. Also,
+Dart said Lieberman, Dougherty and Levine are to be paid 2.6
+mln dlrs to pay their taxes. It also said top management's
+incentive shares were to be accelerated and paid for at a cost
+of six mln dlrs although there are restrictions on the shares
+unless waived by the company's compensation committee.
+    Dart said it was to fund up to five mln dlrs for top
+management's supplemental retirement plan.
+    Dart said another issue was to agree to future severance
+obligations and future salary guarantees for top management,
+estimated at more than 15 mln dlrs in excess of obligations
+under the company's present policy.
+    Dart said despite such management payments, it agreed to
+discuss all aspects of its offer and in fact did try to
+negotiate a transaction at the March 18 meeting with SGL.
+    Supermarkets General owns the Path Mark supermarket chain
+and Rickels home centres.
+    Dart also released a copy of a lawsuit that was being filed
+by an SGL shareholder, seeking to stop SGL from taking such
+actions as paying greenmail or enacting a poison pill defence.
+    The suit also sought to have directors carry out their
+fiduciary duty.
+    Greenmail is the payment at a premium for shares held by an
+unwanted suitor and a poison pill is typically the issue of
+securities to shareholders which make a takeover more
+expensive.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13637" NEWID="8116">
+<DATE>23-MAR-1987 00:12:26.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0007&#31;reute
+b f BC-CHINA,-PORTUGAL-TO-MA   03-23 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA, PORTUGAL TO MAKE STATEMENT ON MACAO FUTURE</TITLE>
+<DATELINE>    PEKING, March 23 - </DATELINE><BODY>Talks between China and Portugal on the
+future of Macao have ended and the two countries will issue a
+joint statement at 5 P.M. Peking time (0900 GMT), Portuguese
+Ambassador Octavio Valerio said.
+    "We are very happy with the results," Valerio told reporters
+after four days of discussions on how and when the
+Portuguese-run peninsula in southern China will be handed back
+to Peking.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13638" NEWID="8117">
+<DATE>23-MAR-1987 00:13:30.96</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0008&#31;reute
+u f BC-AUSTRALIA-SAID-TO-REL   03-23 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA SAID TO RELY TOO MUCH ON OIL TAXES</TITLE>
+<DATELINE>    SURFERS PARADISE, Australia, March 23 - </DATELINE><BODY>The government's
+over-reliance on revenue from crude oil is adversely affecting
+Australia's economic performance, Australian Petroleum
+Exploration Association (APEA) chairman Dennis Benbow said.
+    Over one-third of Australia's indirect tax income is
+derived from oil at a time of falling domestic output and weak
+crude prices, he told the APEA annual conference here.
+    This dependence on oil-generated revenue distorts the
+country's economic performance directly by acting as a
+disincentive to new exploration and indirectly by affecting
+trading competitiveness through high energy costs, he said.
+    Australia's medium-term liquid fuel self-sufficiency
+position is posing a major economic threat, yet the
+government's response has been to load new tax burdens on the
+oil industry, Benbow said.
+    Domestic oil output from existing fields is expected to
+fall to 280,000 barrels per day (bpd) in fiscal 1992/93 from
+546,000 bpd in 1985/86, reflecting mainly the decline of the
+Bass Strait fields, he said.
+    Bass Strait reserves are now two-thirds depleted, with the
+three largest fields 80 pct depleted, he said.
+    By 1992/93, Bass Strait output is expected to be just over
+half the 1985/86 level, assuming a number of so far undeveloped
+fields are brought on stream and enhanced recovery from
+existing fields goes ahead, Benbow said.
+    Government projections of output from as yet undiscovered
+fields range from 40,000 to 130,000 bpd, he said.
+    Australian liquid fuel demand is forecast to rise to
+680,000 bpd in 1992/93 from 565,000 in 1985/86, implying a
+crude oil gap of between 270,000 and 360,000 bpd in five years
+time, he said.
+    At present world oil prices and the current value of the
+Australian dollar, annual oil imports in 1992/93 would cost
+between 3.2 billion and 3.6 billion dlrs, Benbow said.
+    Despite intensive exploration in the early 1980's, the
+addition to reserves has been inadequate, he said.
+    For example, the 409 mln barrels discovered in the five
+years 1980-84 represent about two years' consumption, he said.
+    He called on the government to review its tax policies to
+restore incentive to exploration.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13639" NEWID="8118">
+<DATE>23-MAR-1987 00:22:53.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0014&#31;reute
+u f BC-BAKER-WARNS-AGAINST-F   03-23 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER WARNS AGAINST FORGIVENESS OF LATIN DEBT</TITLE>
+<DATELINE>    MIAMI, March 22 - </DATELINE><BODY>U.S. Treasury Secretary James Baker said
+any attempt to declare blanket debt forgiveness for major Latin
+American debtor nations might damage the world economy.
+    In an article in Monday's edition of the Miami Herald,
+Baker also criticised the concept of short-term debt relief,
+calling it a "dramatic, overnight solution."
+    "While these ideas may be well-intentioned and have some
+political appeal, they are impractical and counterproductive in
+the long run," he said.
+    The article was published to coincide with a three-day
+meeting here of the Inter-American Development Bank (IADB).
+    Baker is the chief architect of the U.S. Strategy on Third
+World debt.
+    Brazil, the Third World's largest debtor, last month
+declared a moratorium on interest repayments. It has given no
+indication of when it may resume interest payments, prompting
+fears that some large U.S. Banks may be forced into substantial
+debt writedowns and calling into question the viability of the
+U.S. Strategy.
+    Baker, defending the strategy, said private commercial
+banks have rescheduled nearly 70 billion dlrs in debt since
+October 1985 at longer maturities and lower interest rates.
+    "Together with expected progress in commercial bank
+discussions with Argentina and, we hope, Brazil, this should
+add up to substantial new lending for the major Latin debtors
+in 1987," Baker wrote.
+    He estimated that debt-equity conversion plans accounted
+for 2.5 billion dlrs last year in four of the region's major
+debtor states. Such plans allow foreign bank creditors to sell
+Third World debt at a discount to investors who then become
+stockholders in firms in these countries. "These swaps aren't a
+panacea, but they do demonstrate how a creative free market can
+make progress in reducing the debt burden," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13640" NEWID="8119">
+<DATE>23-MAR-1987 00:29:41.66</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0019&#31;reute
+u f BC-MINISTER-PREDICTS-ONE   03-23 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINISTER PREDICTS ONE PCT INFLATION FOR SINGAPORE</TITLE>
+<DATELINE>    SINGAPORE, March 23 - </DATELINE><BODY>Singapore will have an inflation rate
+of one pct in 1987, up from a negative 1.4 pct in 1986, Trade
+and Industry Minister Lee Hsien Loong told Parliament.
+    He said the 1986 drop in the inflation rate, the first fall
+in a decade, was due largely to lower world prices for oil and
+oil-related items.
+    But Lee said the negative inflation rate is unlikely to be
+repeated this year because of projected higher prices for
+primary commodities and oil.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13641" NEWID="8120">
+<DATE>23-MAR-1987 00:30:12.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0020&#31;reute
+f f BC-WOOLWORTHS-LTD-REPORT   03-23 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WOOLWORTHS LTD REPORTS 9.27 MLN DLR NET PROFIT YR END FEB 1 VS 63.20 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13642" NEWID="8121">
+<DATE>23-MAR-1987 00:54:57.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0034&#31;reute
+u f BC-BRAZIL-SEEKS-TO-REASS   03-23 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SEEKS TO REASSURE BANKS ON DEBT SUSPENSION</TITLE>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>Brazil wants to resume interest payments
+on its medium- and long-term foreign debt as soon as possible
+and is willing to discuss ways of softening the impact of the
+payments suspension on bank earnings, central bank governor
+Francisco Gros said.
+    Gros, speaking to reporters yesterday after his first
+meeting with Brazil's bank advisory committee since he was
+appointed last month, also promised a clear statement of
+Brazil's economic policy would be made in the next few days.
+    But bankers who attended the meeting with Gros said it was
+inconclusive.
+    The bankers also expressed disappointment Gros could not
+give assurances as to when interest payments on the 68 billion
+dlrs of medium- and long-term debt would restart.
+    "It was all very tentative. You can't expect to get very far
+at the first meeting," one banker said.
+    The meeting took place on the eve of the annual meeting
+here of the Inter-American Development Bank.
+    The most urgent item on yesterday's agenda was the need for
+a legal rollover of some 16 billion dlrs in trade and interbank
+credit lines extended to Brazilian banks which expire at the
+end of March.
+    Brazil has already frozen the lines to ensure it has enough
+credit to finance its day-to-day trade and commerce, but needs
+to request a formal extension of the commitments to head off
+possible lawsuits from disgruntled creditors.
+    The issue is whether the 14-bank steering committee will
+endorse Brazil's request to the 700 creditor banks worldwide or
+simply relay it without comment.
+    This delicate question was not resolved at yesterday's
+meeting, but lawyers from both sides will try to draft suitable
+language for a telex by midweek, Gros and the bankers said.
+    Gros said he will also formally ask the banks for a 90-day
+rollover of some 9.6 billion dlrs of debt which originally
+matured in 1986 and is now due to be repaid on April 15.
+Bankers said the request is a legal nicety since the money is
+subject to the moratorium.
+    Once interest on Brazil's debts becomes more than 90 days
+overdue, U.S. And Canadian banks must put the loans on
+non-performing basis and may book payments only as and when
+they are received instead of accruing the interest in advance.
+    Citicorp has estimated its profits for the first quarter
+would be cut by 50 mln dlrs if it put Brazil on a cash basis.
+Other U.S. Banks have also warned of earnings setbacks.
+    Gros said he wished the 90-day rule was more flexible and
+said he would be willing to sit down with the banks to see if
+there was a way round the problem.
+    He did not elaborate. But, asked whether a bridge loan
+might be arranged to pay the interest, he said, "It could
+happen."
+    Bankers said this possibility had not been raised at the
+committee meeting and dismissed it as inconsistent with
+Brazil's determination to find a long-term solution to the
+problem of servicing its 110 billion dlr foreign debt.
+    Gros himself said pushing the problem away for 90 days at a
+time is not very useful. Only if Brazil has access to new loans
+can it grow, export and pay its debts over the longer term.
+    "If the flow of funds dries up, a country like Brazil can't
+meet all its obligations," he said.
+    Gros defended Brazil's recent economic record, noting
+inflation slowed in February, the trade surplus rose and the
+public sector budget was in operational surplus.
+    But he said there was a need to spell out government
+policy, especially on prices.
+    "It's necessary to clarify policy for internal and external
+reasons," he said, but declined to say what economic measures
+might be introduced.
+    Once policy is in place, Gros said financing talks with the
+banks are likely to be tough and protracted, a sentiment echoed
+by the country's creditors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13643" NEWID="8122">
+<DATE>23-MAR-1987 01:07:26.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>israel</D><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0045&#31;reute
+u f BC-ISRAELI-JETS-RAID-SOU   03-23 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAELI JETS RAID SOUTH LEBANON</TITLE>
+<DATELINE>    SIDON, Lebanon, March 23 - </DATELINE><BODY>Israeli jets bombed Palestinian
+targets in south Lebanon for the second time in four days,
+Lebanese security sources said.
+    They said the planes attacked targets in the Darb al-Sim
+area a few kms east of Sidon.
+    Israeli planes carried out a similar raid in the same area
+on Friday, hitting two buildings used by guerrillas loyal to
+Palestinian leader Yasser Arafat.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13644" NEWID="8123">
+<DATE>23-MAR-1987 01:13:01.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0046&#31;reute
+f f BC-Bell-Resources-says-i   03-23 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bell Resources says it buys 57.6 mln BHP shares, taking holding to 29.93 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13645" NEWID="8124">
+<DATE>23-MAR-1987 01:14:46.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0047&#31;reute
+u f BC-TAIWAN-HOLDING-TALKS   03-23 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN HOLDING TALKS WITH ADB, TAIWAN OFFICIAL</TITLE>
+<DATELINE>    TAIPEI, March 23 - </DATELINE><BODY>Taiwan is holding discussions with the
+Asian Development Bank (ADB) to try to settle a political
+dispute over its representation in the bank, a foreign ministry
+spokesman said.
+    Taiwan, one of the founders of the 47-member ADB, boycotted
+the annual meeting last year to protest against a decision to
+change its membership name to "Taipei, China" after the admission
+of Peking.
+    The foreign ministry spokesman said a decision on whether
+Taiwan would attend the next meeting in Japan on April 27-29
+would depend on the results of the talks.
+    "We are looking for a fair and just solution to the question
+of representation," he said.
+    In Manila, an ADB spokesman declined to comment on the
+statement.
+    "We have no comment at all," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13646" NEWID="8125">
+<DATE>23-MAR-1987 01:16:18.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0049&#31;reute
+b f BC-WOOLWORTHS-LTD-&lt;WLWA.   03-23 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOOLWORTHS LTD &lt;WLWA.S> YR ENDED FEB 1</TITLE>
+<DATELINE>    SYDNEY, March 23 -
+    </DATELINE><BODY>Shr 4.16 cents vs 28.80
+    Final Div nil vs 10.5 cents making six for year vs 16.5
+    Pre-tax profit 2.68 mln dlrs vs 107.71 mln
+    Net 9.27 mln vs 63.20 mln
+    Turnover 5.47 billion vs 4.83 billion
+    Other income 65.33 mln vs 51.68 mln
+    Shrs 222.94 mln vs 219.54 mln.
+    NOTE - Net is after tax credit 6.6 mln vs tax paid 43.39
+mln, depreciation 41.18 mln vs 34.10 mln, interest 42.42 mln vs
+36.23 mln and minorities 11,000 vs 1.12 mln but before
+extraordinary net profit 24.98 mln vs loss 51.71 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13647" NEWID="8126">
+<DATE>23-MAR-1987 01:16:32.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0050&#31;reute
+b f BC-BELL-RESOURCES-BOOSTS   03-23 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL RESOURCES BOOSTS STAKE IN BHP</TITLE>
+<DATELINE>    PERTH, March 23 - </DATELINE><BODY>&lt;Bell Resources Ltd> said it has executed
+an underwriting agreement with &lt;Equiticorp Tasman Ltd> to
+acquire 57.6 mln ordinary shares in The Broken Hill Pty Co Ltd
+&lt;BRKN.S> for 540 mln dlrs.
+    Bell said in a statement that it now holds 29.93 pct of
+BHP's 1.2 billion shares.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13648" NEWID="8127">
+<DATE>23-MAR-1987 01:22:15.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0052&#31;reute
+u f BC-JAPAN-VEHICLE-PRODUCT   03-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN VEHICLE PRODUCTION FALLS IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 23 - </DATELINE><BODY>Japan's vehicle output in February fell
+0.4 pct from a year earlier to 1.03 mln units for the fifth
+consecutive monthly year-on-year drop, but February output was
+up 10 pct from a month earlier, the Japan Automobile
+Manufacturers Association (JAMA) said.
+    February car production totalled 651,253 units, up 0.4 pct
+from a year earlier, trucks 375,899, down 1.8 pct, and buses
+4,230, up 10.3 pct, he said.
+    Vehicle exports are expected to show a seven pct
+year-on-year drop in February when figures are announced on
+March 27, a JAMA spokesman said.
+    The JAMA spokesman blamed slow sales to southeast Asia, the
+Mideast and other countries except the U.S. And Europe.
+    February motorcycle output fell 32.9 pct from a year
+earlier to 224,312, the 13th straight year-on-year drop, but
+was up 4.2 pct from a month earlier, he added.
+    Motorcycle exports are expected to show a 26 pct
+year-on-year fall in February, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13649" NEWID="8128">
+<DATE>23-MAR-1987 01:32:24.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0056&#31;reute
+u f BC-IADB-DISPUTE-HIGHLIGH   03-23 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IADB DISPUTE HIGHLIGHTS LATIN DEBT CONFLICTS</TITLE>
+<AUTHOR>    By Keith Grant, Reuters</AUTHOR>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>Controversy surrounding U.S.-backed
+reforms in the Inter-American Development Bank (IADB)
+underscores the mounting challenge to Washington's current debt
+strategy, according to Latin American officials and delegates
+to the IADB meeting that begins here today.
+    The bank's policy-making board on Saturday postponed a
+decision on the reforms until June in view of strong Latin
+American opposition to U.S. Proposals to strengthen its control
+over lending to the region.
+    Washington wants to involve the IADB in its debt strategy
+through increased lending, but as the bank's largest single
+shareholder it also wants to require countries to adopt
+far-reaching economic reforms to qualify for loans.
+    The U.S. Push for IADB reforms, which began at last year's
+meeting in Costa Rica, is particularly sensitive in an
+institution Latin Americans have traditionally thought of as
+their own.
+    "It's almost an issue of sovereignty for the Latin
+Americans," one IADB official said.
+    With a 54.2 per cent voting bloc, Latin American nations
+have had relatively easy access to 35 billion dlrs in project
+loans since the bank's founding in 1959.
+    The bank has also been run for the past 12 years by a
+Mexican, Antonio Ortiz Mena, who has been increasingly critical
+of U.S. Debt strategy in the last two years.
+    Ortiz Mena says commercial banks must renew lending to the
+region if debtors are to grow and repay creditors. At a news
+conference last week he warned that Latin defaults were a
+distinct possibility in the long run.
+    Brazil insists its debt service obligations should in no
+way interfere with growth priorities, a position putting the
+issue of debt relief squarely into focus for the first time,
+officials and delegates said.
+    They said creditors are not ready to discuss debt
+forgiveness and prefer to look at schemes such as debt-equity
+swaps in combination with a continuing emphasis on economic
+reforms.
+    Washington wants the IADB to impose greater conditions on
+lending, and has threatened to block increased appropriations
+for the bank if it does not get its way.
+    Latin America, while retaining reservations, now accepts
+the principle of setting greater conditions on loans, but is
+unwilling to countenance U.S. Demands for greater veto powers
+on lending, officials and delegates said.
+    Washington has pushed for veto power to be lowered to 35
+pct from a simple majority as at present. Latin Americans are
+unwilling to go below 40 pct, which would oblige the U.S. To
+line up two other voters or voting blocs on its side.
+    This attempt to weaken Latin America's voting power, and
+particularly a threat by Washington to reduce funds to the IADB
+unless its reforms are accepted, has created considerable
+resentment among Latin Americans.
+    "Debtors have already shown considerable willingness to
+sacrifice over the last five years so economic adjustment is
+not at issue," one Latin American official said.
+    The region has been hoping for a seventh replenishment of
+IADB resources of at least 20 billion dlrs for 1987-90, as
+against 15.7 billion for the previous four-year period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13650" NEWID="8129">
+<DATE>23-MAR-1987 01:47:36.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0064&#31;reute
+u f BC-PAPER-ASKS-CONABLE-TO   03-23 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPER ASKS CONABLE TO PROD INDONESIA INTO CHANGES</TITLE>
+<DATELINE>    JAKARTA, March 23 - </DATELINE><BODY>World Bank President Barber Conable
+should prod the government of President Suharto towards further
+economic change, the Jakarta Post newspaper said.
+    "Conable could do Indonesia a great service if he is
+straightforward enough to point his finger at shortcomings that
+could be corrected," it said in an editorial.
+    The English-language paper said the bureacracy was not
+aggressive or imaginative in responding to Indonesia's economic
+problems, which include fiscal restraints due to drastically
+declining oil revenues, increasing unemployment, and marketing
+problems for its major export commodities.
+    The paper said Indonesia must boost the scope for private
+business initiative as well as stepping up its use of aid money
+already committed. The World Bank has lent Indonesia 10.7
+billion dlrs over the past 20 years.
+    Conable arrived here on Saturday and will have talks with
+Suharto tomorrow. Today he was returning to Jakarta from a
+visit to World Bank-funded projects in eastern Java, and was
+scheduled to meet leading economic ministers in the afternoon.
+    Western diplomats said they expected Conable to press
+Indonesia to maintain the pace of its present economic reforms
+to cope with the slump in its oil revenues.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13651" NEWID="8130">
+<DATE>23-MAR-1987 02:01:29.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0073&#31;reute
+u f BC-ARIADNE-UNIT-CONFIRMS   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARIADNE UNIT CONFIRMS BID FOR SAN MIGUEL</TITLE>
+<DATELINE>    HONG KONG, March 23 - </DATELINE><BODY>Ariadne group unit &lt;Barwon Farmlands
+Ltd> confirmed it offered 3.8 billion pesos in cash for the 38
+mln shares of Philippine brewing company &lt;San Miguel Corp>.
+    The Australia-based Barwon, 30 pct owned by New Zealander
+Bruce Judge's Ariadne group, said in a statement released in
+Hong Kong that a formal offer had been made to the Philippines
+government, which holds the shares.
+    It said it was confident the offer will be reviewed
+favourably.
+    Newspapers in Manila and Hong Kong reported at the weekend
+that an offer had been made.
+    Barwon said it was represented by Australian stockbroker
+&lt;Jacksons Ltd>, which forwarded a formal offer to Philippine
+President Corazon Aquino of 100 pesos for each of the 38.1 mln
+A and B shares of San Miguel.
+    The Philippine government seized the shares, which
+represent a 31 pct stake in the brewery firm, from the &lt;United
+Coconut Planters Bank>, alleged by the government to be linked
+with the country's deposed President Ferdinand Marcos.
+    The Barwon statement said a deal is expected to be
+concluded between Barwon and the Philippines government in 14
+days.
+    Barwon also said it made recommendations to the government
+on how it could purchase the class A shares, which can only be
+held by a Philippine national or a firm which is at least 60
+pct held by a member of the country. It did not elaborate.
+    The Hong Kong Economical Journal quoted a spokesman of
+Jacksons as saying Barwon plans to set up a branch in the
+Philippines to meet the criteria.
+    &lt;San Miguel Brewery Ltd>, a locally listed firm 69.65 pct
+held by San Miguel's &lt;Neptunia Corp> affiliate, was last traded
+at 16.30 H.K. Dlrs against 15.50 dlrs on Friday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13652" NEWID="8131">
+<DATE>23-MAR-1987 02:06:32.30</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0076&#31;reute
+u f BC-EXXON-OFFICIAL-URGES   03-23 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON OFFICIAL URGES PLANNING FOR NEXT OIL SURGE</TITLE>
+<DATELINE>    SURFERS PARADISE, Australia, March 23 - </DATELINE><BODY>World governments
+should prepare for an inevitable significant increase in the
+price of oil as non-Middle East supplies diminish, Exxon Corp
+&lt;XON> director and senior vice-president Donald McIvor said.
+    Policymakers must also face up to the reality that the bulk
+of world oil reserves lies in the Middle East, he said in a
+speech prepared for delivery to the Australian Petroleum
+Exploration Association (APEA) annual conference.
+    It appears ever more likely that new discoveries elsewhere
+will not change this fact, he said.
+    McIvor said 37 of the world's 30,000 oil fields contain
+about 35 pct of all oil ever discovered.
+    Only 11 of these 37 super-giant fields lie outside the
+Middle East and only five of the 37 have been discovered in the
+last 20 years, three of them in the Middle East, he said.
+    He also said that since 1970, the world has been consuming
+20 to 25 billion barrels a year while making discoveries at the
+rate of only 10 to 15 billion barrels a year.
+    More than half of remaining proved reserves are in the
+Middle East, he said.
+    McIvor said it was important to continue to search for oil
+outside the Middle East because each addition contributes to a
+diversity of supply desirable for global political and economic
+stability.
+    "It is important to enhance the likelihood of home-country
+discoveries with measures such as non-discriminatory and stable
+taxation, and minimum regulation, together with opening up of
+acreage for exploration," he said.
+    Increasing reliance on the Middle East will also boost the
+incentive to use natural gas and synthetic sources of
+petroleum, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13653" NEWID="8132">
+<DATE>23-MAR-1987 02:22:04.99</DATE>
+<TOPICS><D>trade</D><D>oilseed</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0096&#31;reute
+u f BC-TAIWAN-TO-BOOST-FARM   03-23 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN TO BOOST FARM IMPORTS FROM U.S., EUROPE</TITLE>
+<DATELINE>    TAIPEI, March 23 - </DATELINE><BODY>Taiwan is expected to boost agricultural
+imports from the U.S. And Europe in calendar 1987 to help
+balance trade, the Council of Agriculture said.
+    A council official, who declined to be named, told Reuters
+the imports, which will include about seven mln tonnes of
+oilseeds, grains and dairy products, would be worth some four
+billion U.S. Dlrs against 3.72 billion in 1986 and 3.38 billion
+in 1985.
+    Taiwan's surplus with the U.S. Rose to 13.6 billion dlrs
+last year from 10.2 billion in 1985, government figures show.
+    Government figures also show Taiwan's surplus with Europe
+rose to 1.53 billion dlrs last year from 543 mln in 1985.
+    Taiwan's imports of U.S. Farm produce last year amounted to
+1.41 billion dlrs against 1.52 billion in 1985.
+    Imports from Europe rose to 182 mln U.S. Dlrs from 148 mln,
+the official said.
+    He attributed the decline in the value of U.S. Imports to
+falling agricultural products prices last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13654" NEWID="8133">
+<DATE>23-MAR-1987 02:36:36.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0109&#31;reute
+u f BC-AUSTRALIAN-OPPOSITION   03-23 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN OPPOSITION LEADER SACKS PREDECESSOR</TITLE>
+<DATELINE>    SYDNEY, March 23 - </DATELINE><BODY>Australian opposition leader John Howard
+sacked from the shadow cabinet Andrew Peacock, who is a former
+foreign minister and Howard's predecessor, party officials
+said.
+    The officials said the move could lead to the collapse of
+the opposition coalition between the Liberal and National
+parties, which has been under severe strain in recent weeks.
+    In a television interview yesterday prime minister Bob
+Hawke said he might call an early election if strife within the
+opposition undermined business confidence and hurt Australia's
+economic recovery.
+    "The opposition have not only destabilised themselves, they
+have prostituted the political and economic debate by putting
+up economic nostrums and stupidities that are destabilizing
+business confidence," Hawke said.
+    Howard relegated Peacock to the back benches after the
+Melbourne Sun published an alleged telephone conversation
+between Peacock and another opposition member in which Peacock
+was critical of Howard's leadership. The paper said the call
+was recorded by an unidentified man using an electronic radio
+scanner. In a statement Howard said the conversation was
+damaging to the party and implied disloyalty to him.
+    Peacock told reporters he accepted Howard's right to "hire
+and fire." He refused to answer questions about any leadership
+challenge.
+    Liberal party officials said the move against Peacock could
+encourage his supporters to mount a challenge to Howard's
+leadership. Peacock was ousted as opposition leader by Howard
+in September 1985, after losing the 1984 general election to
+Hawke.
+    Queensland premier Sir Joh Bjelke-Petersen, a veteran
+National Party member, recently campaigned against Howard's
+leadership and urged his party to split from the coalition.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13655" NEWID="8134">
+<DATE>23-MAR-1987 02:54:36.15</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0116&#31;reute
+u f BC-AUSTRALIAN-OIL-TAX-CU   03-23 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN OIL TAX CUT SEEN BOOSTING OUTPUT</TITLE>
+<DATELINE>    SURFERS PARADISE, Australia, March 23 - </DATELINE><BODY>A 10 percentage
+point reduction in the Australian government's maximum crude
+oil levy on old oil would stabilize Bass Straits oil output,
+resources analyst Ian Story said here.
+    A reduction to 70 pct from 80 pct would enable Bass Strait
+output to be maintained at the current rate of 420,000 barrels
+per day (BPD) for the next year rather than falling to 380,000
+BPD in 1987/88, he told the Australian Petroleum Exploration
+Association annual conference.
+    Story is an analyst with and a director of Sydney
+stockbroker Meares and Philips Ltd.
+    Windfall profits taxes on Bass Strait crude are no longer
+appropriate in the current economic climate, Story said.
+    The maximum 80 pct levy on old oil -- that discovered
+before September 1975 -- is now forcing the Broken Hill Pty Co
+Ltd &lt;BRKN.S>/Exxon Corp &lt;XON> partnership to shut-in
+production, accelerating the decline in output and reducing
+government revenue, he said.
+    He said the producer return per barrel at a price of 30
+Australian dlrs a barrel would rise to 2.07 dlrs from 0.80 dlrs
+if the levy was cut to 70 pct.
+    "The economics at an 80 pct levy are simply not attractive
+at oil prices below 30 dlrs," Story said.
+    Cutting the maximum levy rate to 70 pct would create higher
+levels of self-sufficiency, increase government revenue, boost
+exports and provide incentives for exploration and development,
+he said.
+    The government is currently reviewing the oil tax
+structure.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13656" NEWID="8135">
+<DATE>23-MAR-1987 02:59:12.15</DATE>
+<TOPICS><D>interest</D><D>gnp</D><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0121&#31;reute
+u f BC-GATT-MEETING-HEARS-PL   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT MEETING HEARS PLEA FOR AFRICAN DEBT RELIEF</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 23 - </DATELINE><BODY>Debt among African countries
+will continue to grow and their economies remain stifled unless
+developed countries lower their interest rates, Nigerian Trade
+Minister Samaila Mamman said.
+    He told an informal General Agreement on Tariffs and Trade
+(GATT) meeting the widening gap between developed and
+developing countries and an inequitable international economic
+system were major impediments to growth in developing
+countries.
+    Delegates from 23 countries are attending the GATT talks in
+the New Zealand resort of Taupo.
+    "I wish to emphasise that the growth in the volume of the
+external indebtedness of African countries reflects the full
+effect of the deflationary monetary and trade policies of the
+developed market economy countries," Mamman said.
+    "The developed market economy countries have slowed down
+output growth thereby drying up markets for the commodity
+exports of African countries."
+    Mamman said the World Bank estimated 35.3 billion dlrs a
+year would be needed over the next five years for the African
+continent to be able to achieve a gross domestic product growth
+(GDP) rate of three to four pct by 1990.
+    Yet at the same time Africa's debt service was estimated at
+24.5 billion dlrs a year between 1986 and 1990.
+    "With the best of intentions Africa cannot attain a three to
+four pct GDP growth rate if the current high level of debt
+persists," Mamman said. Developed countries must seek
+alternatives to policies that resulted in the transfer of
+resources and more indebtedness, he said.
+    "The international community cannot fail to respond
+positively to the collapse of the international market for
+commodities ... And act quickly to stabilize demand and prices
+of our commodity exports," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13657" NEWID="8136">
+<DATE>23-MAR-1987 03:01:35.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0124&#31;reute
+r f BC-VW-EXPECTS-HIGHER-GER   03-23 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW EXPECTS HIGHER GERMAN MARKET SHARE IN 1987</TITLE>
+<DATELINE>    WOLFSBURG, West Germany, March 23 - </DATELINE><BODY>Volkswagen AG &lt;VOWG.F>
+expects to increase its market share in West Germany in the
+full year 1987 after registering gains in the first two months
+of the year, managing board chairman Carl Hahn said.
+    He told Reuters in an interview that incoming orders in
+West Germany, VW's largest single market, had been very good in
+early 1987. Its share of the domestic car market rose to 29 pct
+in January and February from 26 pct in the year-ago period.
+    Hahn declined to forecast first quarter 1987 results, or
+answer questions about the VW currency scandal.
+    Hahn said he did not want to elaborate on statements VW had
+already issued on the affair and noted the case was now in the
+hands of state prosecutors.
+    VW, like other car manufacturers, had encountered difficult
+market conditions in the United States in early 1987, Hahn
+said, without giving details.
+    He declined to predict U.S. Sales for 1987 as a whole,
+saying it was particularly difficult this year to forecast
+sales trends in North America, VW's second largest regional
+market after Western Europe.
+    Hahn declined to comment directly on reports that 1986
+losses at Spanish subsidiary Sociedad Espanola de Automoviles
+de Turismo (SEAT) totalled up to 27 billion pesetas or that
+these losses were twice as high as expected.
+    But he said SEAT was developing according to plan and added
+the introduction of international accounting standards and
+changes to VW's own had led to some corrections to SEAT's
+figures.
+    VW hoped SEAT would reach break-even point in the course of
+this year. In 1986 SEAT's volume sales had been better than
+expected, Hahn said.
+    In January and February, 1987, SEAT's turnover in Europe
+rose 40 pct compared with the same months of 1986, Hahn said.
+Its European market share rose to 1.9 pct in January and
+February from 1.6 pct a year earlier.
+    Hahn said VW hoped to sign a contract with Ford Motor Co
+&lt;F.N> in the summer on the planned joint venture between the
+two companies' loss-making operations in Argentina and Brazil.
+    A provisional joint management team was already looking at
+ways of synchronising the two operations, he said. VW's
+operations in Mexico had made again made a profit in 1986, he
+added.
+    Hahn, speaking to Reuters in an interview to mark
+production of VW's 50 millionth car, said VW had no plans to
+make acquisitions outside the automotive sector.
+    It also did not expect to raise capital again in the
+foreseeable future after increasing capital by 25 pct in 1986
+in the biggest rights issue in West German history, Hahn said.
+    In a separate interview Karl-Heinz Briam, the management
+board member responsible for labour relations, said VW did not
+currently plan to increase its workforce further this year.
+    All of VW's domestic plants and most of its foreign
+production facilities were currently operating at full
+capacity, Briam said. The exceptions were VW's Nigerian
+operations and its Westmoreland plant in Pennsylvania.
+    Hahn said VW had recently taken steps to increase the
+flexibility and improve the structure of the Westmoreland
+plant. However, VW was not planning to increase production
+there at the moment.
+    "Most of the VW vehicles (sold in the U.S.) will, as before,
+be built in Germany," Hahn said.
+    Hahn said there was room for further growth in West
+Germany, and predicted that 1987 would be a good year generally
+for the industry domestically.
+    Wolfgang Lincke, head of car development at VW, said the
+increasing environmental awareness of West German consumers
+would allow VW to sell more "higher value" cars in future
+containing equipment such as catalytic converters, which cut
+exhaust emissions.
+    Lincke declined to be drawn on when VW may introduce a
+successor to its current Golf model, which in 1983 replaced the
+original dating from 1974.
+    VW would in any case retain the Golf name. Of the 50 mln VW
+cars built since VW started commercial production after World
+War II, nearly nine mln have been Golfs, Lincke said.
+    VW, which traditionally releases its annual results in
+April or May, said last week 1986 profit and dividend would
+both be unchanged despite the need to make provision to cover
+the possible loss of 480 mln marks from allegedly fraudulent
+hedging operations.
+    VW has also said the currency scandal would not affect the
+company's investment spending.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13658" NEWID="8137">
+<DATE>23-MAR-1987 03:01:41.93</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0125&#31;reute
+u f BC-GERMAN-BOND-YIELDS-SE   03-23 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BOND YIELDS SEEN FALLING IN NEAR TERM </TITLE>
+<AUTHOR>    By Alice Ratcliffe, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 23 - </DATELINE><BODY>West German bond yields could decline
+over the next few months if recent efforts to stabilize
+exchange rates, as seen in last month's Paris pact, extend to
+keeping down European interest rates, banking economists said.
+    But in the longer term domestic yields could rise under
+agreements to stimulate West Germany's economy, they said.
+    The Paris agreement has so far successfully stabilized
+currencies with the threat of central bank intervention,
+economists said.
+    Economists speculated that G-7 countries may try to bolster
+the pact by uncoupling U.S. and West German interest rates
+further when they meet for the IMF Interim Committee in April.
+"The recent round of monetary accommodation by the Bundesbank
+and the Bank of Japan and the firming of the Federal Funds rate
+are significant. They mark an uncoupling of movements in U.S.
+and foreign interest rates," Salomon Bros Inc said in a recent
+study.
+    It said narrowing of international interest rate spreads
+was a major factor in the dollar's fall. These spreads will
+have to be widened if the dollar is to be stabilized.
+    West German Bundesbank President Karl Otto Poehl encouraged
+the U.S. not to cut interest rates in January when the
+Bundesbank cut its own rates by half a point, to avoid
+weakening the dollar.
+    West German economists see room for further cuts in leading
+West German rates if the dollar resumes its decline.
+    "It's not a taboo," Peter Pietsch, spokesman for Commerzbank
+AG said.
+    But most economists see room for a cut in West German rates
+only in the first half of the year, as re-emerging inflation
+will limit room for manoeuvre later in the year.
+    The Bundesbank's average yield of public paper is already
+nearing last year's low. Last week, yields fell to around 5.50
+pct, not far from the 1986 low of 5.35 pct posted in mid-April.
+ Economists said the trend may cause domestic investors to
+shift some funds from short to longer-term paper. Such a move
+would tend to flatten the yield curve between short and
+long-term rates, which has become more pronounced since the
+Bundesbank lowered its discount rate.
+    It might also facilitate a further cut in leading rates, as
+the shift out of savings accounts into securities would slow
+growth of the Bundesbank's central bank money stock aggregate.
+    But conflicting with this trend are plans to increase West
+German tax cuts, part of the Paris currency pact designed to
+meet U.S. demands for faster West German growth. This move may
+force interest rates up by creating a revenue vacuum which must
+be filled by higher government borrowing.
+    This may not occur if private sector demand for credit
+remains weak, but demand could emerge if rates begin rising.
+    Economists said it appeared the government had already
+stepped up borrowing this year to accomodate revenue loss from
+other sources, including tax losses resulting from weaker than
+expected economic growth, and higher than expected spending.
+    Josef Koerner, chief economist of the West German
+Ifo-Institut, said in a newspaper interview he expected 1987
+tax revenue to be some 11 billion marks below estimates by the
+West German government in November.
+    Any tax shortfall in itself is unlikely to push yields up.
+But coupled with other factors such as waning foreign
+speculative buying of mark bonds on the dollar's decline, long
+term yields may to have to rise, economists said.
+    Public authority borrowing in 1988 may also rise owing to
+increases in the second phase of Bonn's tax reform package.
+    The West German government is raising its total tax cuts in
+1988 by 5.2 billion marks to 14.4 billion.
+    West German chancellor Helmut Kohl said last week increased
+borrowing to finance the tax reform is acceptable.
+    Finance minister Gerhard Stoltenberg said last Thursday he
+was looking for other ways to finance the reform, such as
+raising indirect taxes.
+    But few economists believe the government will be able to
+go through with its tax measures without increasing net
+borrowing.
+    The Bundesbank said in its February report that it was
+wrong to believe that the first stage of the tax reform in 1986
+could be managed without increasing deficits.
+    The Bundesbank said West German public authorities borrowed
+a large 21.9 billion marks in credit markets in the 1986 final
+quarter compared with 14.8 billion in fourth quarter 1985.
+    The federal government took up nearly 10 billion marks of
+the fourth quarter 1986 figures, and also drew on two billion
+marks of Bundesbank advances at the end of the year, when it
+had not required such a credit in the 1985 quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13659" NEWID="8138">
+<DATE>23-MAR-1987 03:07:51.02</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0146&#31;reute
+u f BC-PHILIPPINES-POSTS-68   03-23 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES POSTS 68 MLN DLR JANUARY TRADE DEFICIT</TITLE>
+<DATELINE>    MANILA, March 23 - </DATELINE><BODY>The Philippines posted a trade deficit
+of 68 mln dlrs in January, compared with deficits of 57 mln in
+January 1986 and 28 mln in December, government figures show.
+    The National Census and Statistics Office (NCSO) said
+imports of 436 mln dlrs in January were up from 371 mln in
+January 1986 and 393 mln dlrs in December, while exports of 368
+mln were up on the 314 mln in January 1986 but lower than
+December's 421 mln.
+    The country's 1987-92 medium-term development plan targets
+a 9.8 pct average annual growth in exports and a 10.7 pct
+growth in imports, the NCSO said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13660" NEWID="8139">
+<DATE>23-MAR-1987 03:08:55.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0152&#31;reute
+u f BC-NAKASONE-DEFENDS-SALE   03-23 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE DEFENDS SALES TAX AS CAMPAIGNING BEGINS</TITLE>
+<AUTHOR>    By Yuko Nakamikado, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 23 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone defended
+his tax reform plans from fierce opposition, even within his
+own party, as campaigning for local elections began.
+    "Our plan to reform the nation's tax system is by no means
+wrong. Unless we reform the system now, Japan is bound to
+decay, perhaps within the next 10 years," Nakasone told
+supporters of his ruling Liberal Democratic Party (LDP).
+    The April 12 and 26 elections will be the first nationwide
+vote since the LDP's general election victory last July.
+    Opposition parties have shown rare unity in joining to
+fight a proposed five pct sales tax, one of the main planks in
+the tax reform package, and are now challenging the
+LDP-dominated local governments and assemblies.
+    In Tokyo, incumbent Governor Shunichi Suzuki backed by the
+LDP and two centrist parties has said he cannot support the
+sales tax as it stands.
+    A survey by the National Broadcasting Corporation just over
+three weeks ago showed 70 pct of those polled said they would
+take the tax, which Nakasone proposes to implement next
+January, into consideration when they vote.
+    Takako Doi, Chairwoman of the Japan Socialist Party, said
+in a speech in central Tokyo where shop-owners are opposing the
+tax "The elections are a plebiscite against the sales tax. Your
+vote is a vote to force (Nakasone) to retract (it)."
+    The LDP is putting up its own candidates only in Iwate and
+western Shimane but it is supporting independents jointly with
+other parties in other prefectures.
+    A close aide to Nakasone, who asked not to be identified,
+said he sees the sales tax having little impact on the local
+elections since almost all candidates, irrespective of party
+affiliation, are opposing it in prefectural assembly polls.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13661" NEWID="8140">
+<DATE>23-MAR-1987 03:12:15.97</DATE>
+<TOPICS><D>meal-feed</D><D>grain</D><D>corn</D><D>sorghum</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0161&#31;reute
+u f BC-JAPANESE-COMPOUND-FEE   03-23 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE COMPOUND FEED OUTPUT FALLS IN JANUARY</TITLE>
+<DATELINE>    TOKYO, March 23 - </DATELINE><BODY>Japanese compound feed output fell to
+2.06 mln tonnes in January from 2.57 mln in December, against
+2.04 mln a year earlier, Agriculture Ministry statistics show.
+    January sales totalled 2.07 mln tonnes against 2.59 mln in
+December and 2.04 mln a year earlier, while end-month stocks
+were 233,003 tonnes against 230,764 and 241,567.
+    Base mixes for the January compound feed output included
+corn, sorghum and soybean meal.
+    Corn use totalled 993,156 tonnes, against 1.20 mln in
+December and 896,718 a year earlier, and its compounding ratio
+was 48.1 pct against 46.6 pct and 43.1 pct.
+    Sorghum use totalled 339,013 tonnes in January against
+459,067 in December and 412,743 a year earlier, and its
+compounding ratio was 16.4 pct against 17.8 pct and 19.8 pct,
+the ministry's figures shows.
+    Soybean meal use amounted to 202,546 tonnes against 253,498
+and 213,287 and its compounding ratio was 9.8 pct against 9.8
+pct and 10.2 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13662" NEWID="8141">
+<DATE>23-MAR-1987 03:16:03.85</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0165&#31;reute
+u f BC-JAPAN-SAYS-IT-TRYING   03-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SAYS IT TRYING TO EXPAND DOMESTIC DEMAND</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 23 - </DATELINE><BODY>Japan has assured a meeting
+of trade ministers it is making every effort to expand domestic
+demand and restructure its economy.
+    Japanese trade representative Tsomu Hata told an informal
+General Agreement on Tariffs and Trade (GATT) meeting that, in
+addition to demand boosting measures adopted last September, a
+comprehensive economic program will be prepared after the
+1987/88 budget is approved.
+    Hata, speaking at the first session of the two-day meeting,
+said agriculture is no exception to the goal of restructuring
+the economy, but did not elaborate.
+    Hata said protectionist pressures in the international
+economy are as strong as ever, reflecting financial deficits,
+payment imbalances and serious unemployment in many countries.
+    Despite great potential, developing economies are still
+confronted by grave difficulties, particularly debt, he added.
+    The basis for the talks is the GATT ministerial declaration
+last September in Punta del Este, Uruguay, and the subsequent
+trade negotiating plan agreed in Geneva.
+    "It is essential that we first reaffirm here our commitment
+to implementing that plan as scheduled," Hata said.
+    Hata added it is not constructive to speed up negotiations
+in some areas at the expense of others.
+    In order to rebuild the free trade system, it is important
+for each participant to have domestic policies that will serve
+this end.
+    As part of its contribution, Japan plans in April to
+fundamentally improve its generalised system of preferences for
+industrial and mining products to make Japan's domestic market
+more open to developing countries, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13663" NEWID="8142">
+<DATE>23-MAR-1987 03:43:32.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0200&#31;reute
+r f BC-UAE-CENTRAL-BANK-CD-Y   03-23 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE CENTRAL BANK CD YIELDS MOSTLY LOWER</TITLE>
+<DATELINE>    ABU DHABI, March 23 - </DATELINE><BODY>Yields on certificates of deposit
+offered by the United Arab Emirates central bank were mostly
+lower than last Monday's offering, the bank said.
+    The one-month issue remained at 6-1/8 pct but the two,
+three and six-month yields fell 1/16 point to 6-1/16 pct from
+6-1/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13664" NEWID="8143">
+<DATE>23-MAR-1987 03:51:10.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0209&#31;reute
+u f BC-MARUBENI-WINS-30-MLN   03-23 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARUBENI WINS 30 MLN DLR CHINESE CHICKEN CONTRACT</TITLE>
+<DATELINE>    TOKYO, March 23 - </DATELINE><BODY>Marubeni Corp &lt;MART.T> said it won a 30
+mln dlr contract from China to set up a broiler raising and
+slaughtering plant in Tianjin under a countertrade accord in
+which payment will be made partly by output from the plant.
+    The plant, which will be completed by end-1988, will have a
+capacity of five mln broilers a year, most of which will go to
+China's domestic market, a company spokesman said without
+giving further details.
+    The spokesman said Marubeni plans to increase its
+countertrade with China by helping China set up farm product
+processing plants and improving its food distribution system.
+    Marubeni will also help China develop export markets for
+farm products, he said.
+    The company wants to increase its food trade with China to
+around 200 mln dlrs a year within a few years from 70 mln now,
+he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13665" NEWID="8144">
+<DATE>23-MAR-1987 04:27:17.00</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0226&#31;reute
+f f BC-Bundesbank-sets-28-da   03-23 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank sets 28-day securities repurchase tender at fixed 3.80 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13666" NEWID="8145">
+<DATE>23-MAR-1987 04:31:04.38</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0227&#31;reute
+b f BC-BUNDESBANK-SETS-NEW-R   03-23 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK SETS NEW REPURCHASE TENDER</TITLE>
+<DATELINE>    FRANKFURT, March 23 - </DATELINE><BODY>The Bundesbank set a new tender for a
+28-day securities repurchase agreement, offering banks
+liquidity aid at a fixed rate of 3.80 pct, a central bank
+spokesman said.
+    Banks must make their bids by 1000 GMT tomorrow, and funds
+allocated will be credited to accounts on Wednesday. Banks must
+repurchase securities pledged on April 22.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13667" NEWID="8146">
+<DATE>23-MAR-1987 04:40:04.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0229&#31;reute
+b f BC-LSI-LOGIC-ISSUES-100   03-23 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LSI LOGIC ISSUES 100 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>LSI Logic Corp is issuing a 100 mln dlr
+convertible eurobond due April 14, 2002 with an indicated
+coupon of 5-3/4 to 6-1/4 pct and priced at par, Morgan Stanley
+International said as lead manager.
+    Terms will be fixed within five days and the conversion
+premium is expected to be 24 to 26 pct above the share price.
+The bonds are non-callable before April 14, 1990 unless the
+share price exceeds 130 pct of the conversion price for 20
+consecutive trading days.
+    Any calls will be at 100 plus the coupon in year one,
+declining in equal amounts to 100 in 1997.
+    Gross fees are 2-1/2 pct, with one pct for management and
+underwriting and 1-1/2 pct for selling, Morgan Stanley said.
+    The bonds will be issued in denominations of 1,000 and
+10,000 dlrs and listed in Luxembourg.  Pay date is April 14.
+    Co-lead is Pru-Bache Securities.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13668" NEWID="8147">
+<DATE>23-MAR-1987 04:55:05.37</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0239&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   03-23 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST AT 800 MLN STG</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>The Bank of England said it forecast a
+shortage of around 800 mln stg in the money market today.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and the take-up of treasury bills will drain
+around 1.18 billion stg while bankers balances below target
+will take out some 20 mln stg.
+    Partly offseting these outflows, a fall in note circulation
+and exchequer transactions will add some 355 and 55 mln stg to
+the system respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13669" NEWID="8148">
+<DATE>23-MAR-1987 04:55:13.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0240&#31;reute
+u f BC-NORD-EST-ISSUES-392.9   03-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORD-EST ISSUES 392.9 MLN FRENCH FRANC BOND</TITLE>
+<DATELINE>    PARIS, March 23 - </DATELINE><BODY>Financial holding company Nord-Est is
+issuing a 392.9 mln franc, 6.25 pct, five year domestic bond
+convertible into shares, an announcement in the Official
+Bulletin (BALO) said.
+    From March 26 to April 8, subscription for 1.63 mln of the
+1.64 mln bonds of 240 francs nominal each will be reserved for
+shareholders holding 13.09 mln shares of 50 francs nominal,
+representing the company's capital of 654.85 mln francs, on the
+basis of one bond for eight shares held.
+    The bonds will be exchangeable from July 1 for shares on a
+one for one basis.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13670" NEWID="8149">
+<DATE>23-MAR-1987 05:05:32.62</DATE>
+<TOPICS><D>trade</D><D>coffee</D><D>rubber</D><D>palm-oil</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G M T
+&#22;&#22;&#1;f0259&#31;reute
+u f BC-INDONESIA'S-NON-OIL-E   03-23 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA'S NON-OIL EXPORTS DECLINE IN 1986</TITLE>
+<DATELINE>    JAKARTA, March 23 - </DATELINE><BODY>Indonesia's non-oil and gas exports
+fell to 5.79 billion dlrs in calendar 1986 from 5.98 billion in
+1985, according to Bank Indonesia figures.
+    Coffee exports rose to 753 mln dlrs from 580 mln in 1985,
+but rubber shipments fell to 625 mln from 720 mln and tin to
+180.6 mln from 246 mln, weekly central bank figures show.
+    Indonesia hopes to boost its non-oil exports to make up for
+oil revenue lost because of lower prices. But the lower value
+of commodities such as timber, rubber, palm oil and tea on
+world markets has prevented this, despite a 31 pct devaluation
+of the rupiah against the dollar in September.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13671" NEWID="8150">
+<DATE>23-MAR-1987 05:07:11.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0270&#31;reute
+u f BC-MODERATE-EARTHQUAKE-H   03-23 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MODERATE EARTHQUAKE HITS SOUTHWEST JAPAN</TITLE>
+<DATELINE>    TOKYO, March 23 - </DATELINE><BODY>A moderate earthquake measuring 5.5 on
+the Richter scale shook southwestern Japan but caused no
+injuries or damage, police said.
+    The tremor, recorded at 1358 local time (0458), had its
+epicentre about 50 km offshore from the city of Miyazaki on the
+western Japanese island of Kyushu, they said.
+    It affected almost the same area as last Wednesday's strong
+earthquake which killed two people and injured at least three,
+they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13672" NEWID="8151">
+<DATE>23-MAR-1987 05:07:35.95</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0274&#31;reute
+u f BC-AUSTRALIAN-MINISTER-S   03-23 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN MINISTER SAYS AGRICULTURE GATT PRIORITY</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 23 - </DATELINE><BODY>Australian Trade Minister
+John Dawkins said if the General Agreement on Tariffs and Trade
+(GATT) does not give high priority to agricultural trade reform
+it will be neglecting the area of greatest crisis.
+    In a statement to the informal GATT trade ministers
+conference here he said agriculture is a problem which involves
+all countries and seriously affects the debt servicing
+abilities of a number of developing countries.
+     He said major countries should be showing leadership on
+this problem.
+    "We will be giving close attention to the processes in the
+OECD (Organisation of Economic Cooperation and Development) and
+elsewhere leading to the Venice economic summit where we will
+be looking to the participants to adopt a strong commitment to
+agricultural trade reform," Dawkins said.
+    The Venice summit is scheduled for June.
+    He said Australia's interests in the Uruguay Round, the
+eighth under the GATT, are wide ranging. Dawkins said he sees
+the round as providing a timely opportunity to secure further
+meaningful trade liberalisation in all sectors and to restore
+confidence in the multilateral system.
+    Dawkins said initial meetings of the negotiating groups
+established in Geneva after the GATT declaration last September
+in Punta del Este, Uruguay, have made a reasonable start, but
+it is vital that trade ministers maintain the pressure on these
+processes.
+    "We must see that the commitments made at Punta del Este on
+standstill and rollback are carried into practice."
+    The standstill and rollback of protection offers the global
+trading system a chance to hold and wind back protection during
+the negotiations which are expected to last up to four years,
+he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13673" NEWID="8152">
+<DATE>23-MAR-1987 05:08:49.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0279&#31;reute
+u f BC-TAIWAN-ISSUES-MORE-CE   03-23 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ISSUES MORE CERTIFICATES OF DEPOSIT</TITLE>
+<DATELINE>    TAIPEI, March 23 - </DATELINE><BODY>The central bank issued 4.03 billion
+Taiwan dlrs of certificates of deposit (cds), bringing cd
+issues so far this year to 134.5 billion dlrs, a bank official
+told Reuters.
+    The new cds, with maturities of six months, one and two
+years, carry interest rates ranging from 4.07 to 5.12 pct, he
+said.
+    The issues are intended to help curb the growth of M-1b
+money supply, which is the result of large foreign exchange
+reserves.
+    The reserves are now well over 51 billion U.S. Dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13674" NEWID="8153">
+<DATE>23-MAR-1987 05:10:10.05</DATE>
+<TOPICS><D>gnp</D><D>interest</D><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-JAPAN-ECONOMY-SEEN-GR   03-23 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ECONOMY SEEN GROWING 3.6 PCT IN 1987/88</TITLE>
+<DATELINE>    TOKYO, March 23 - </DATELINE><BODY>Japan is expected to post a 3.6 pct rise
+in real gross national product in 1987/88, higher than the
+official 3.5 pct target, a private economic institute said.
+    The Research Institute on National Economy said in a report
+the economy will start picking up in the April-June quarter,
+partly because of an improvement in earnings performance and
+capital spending in manufacturing industries.
+    The institute assumed an average exchange rate in the year
+starting April 1 of 150 yen to the dollar. It predicted the
+Bank of Japan will not change the official discount rate in the
+year.
+    The institute forecast that Japan's exports will gradually
+rise in the year in volume terms as the dollar's fall in the
+past 18 months is likely to help prop up the U.S. Economy.
+    Japan's trade surplus is expected to narrow slightly to
+90.2 billion dlrs in 1987/88 ending March 31 from an estimated
+98 billion in the current fiscal year, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13675" NEWID="8154">
+<DATE>23-MAR-1987 05:12:02.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0289&#31;reute
+u f BC-TOSHIBA-SETS-UP-HONG   03-23 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOSHIBA SETS UP HONG KONG CIRCUIT DESIGN CENTRE</TITLE>
+<DATELINE>    TOKYO, March 23 - </DATELINE><BODY>Toshiba Corp &lt;TSBA.T> said it has set up
+a design centre for large integrated circuits (LSI) in Hong
+Kong.
+    The centre, located at its wholly-owned Hong Kong
+subsidiary &lt;Toshiba Electronics Asia Ltd>, will start
+operations to help create new demand for semi-customized LSI
+from April 1.
+    Toshiba has nine LSI design centres in the U.S., Europe and
+Japan.
+ REUETER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13676" NEWID="8155">
+<DATE>23-MAR-1987 05:14:56.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0295&#31;reute
+u f BC-BOOKER-PLC-&lt;BOKL.L>-1   03-23 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOOKER PLC &lt;BOKL.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 23 -
+    </DATELINE><BODY>Shr 27.89p vs 24.24p
+    Div 9.0p vs 7.75p making 13.75p vs 12.0p
+    Turnover 1.26 billion stg vs 1.19 billion
+    Pretax profit 54.6 mln vs 46.5 mln
+    Tax 16.5 mln vs 13.5 mln
+    Interest paid 2.2 mln vs 2.4 mln
+    Minority interests 2.3 mln debit vs same
+    Extraordinary items 42.3 mln profit vs 5.4 mln loss
+    Pretax profit includes -
+    Agribusiness 28.3 mln vs 22.5 mln
+    Health products 6.5 mln vs 5.4 mln
+    Wholesale food distribution 8.3 mln vs 7.3 mln
+    Retail food distribution 4.2 mln vs 5.9 mln
+    U.K. 28.7 mln vs 27.2 mln
+    U.S. 21.1 mln vs 16.1 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13677" NEWID="8156">
+<DATE>23-MAR-1987 05:16:18.27</DATE>
+<TOPICS><D>trade</D><D>veg-oil</D></TOPICS>
+<PLACES><D>philippines</D><D>new-zealand</D></PLACES>
+<PEOPLE><D>concepcion</D></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0300&#31;reute
+u f BC-PHILIPPINES-CRITICISE   03-23 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES CRITICISES EC FOR VEGETABLE OIL LEVY</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 23 - </DATELINE><BODY>Philippines Trade and
+Industry Secretary Jose Concepcion told world trade ministers
+he wondered if their agreement was of any real value after the
+European Community (EC) imposed a levy on vegetable oils.
+    Concepcion, speaking at an informal meeting of the General
+Agreement on Tariffs and Trade (GATT) here, said ministers
+declared in Uruguay last September that the trade of
+less-developed nations should not be disrupted.
+    He said the EC not only ignored Manila's request for lower
+tariffs on coconut oil but introduced a levy on vegetable oils
+and fats that are vital exports for Southeast Asian countries.
+    Concepcion said while the levy might be rejected by the EC
+Council of Ministers, he noted that "I cannot help but wonder
+whether the agreements we produce in meetings like this are of
+any real value."
+    He also said industrialised nations saved about 65 billion
+U.S. Dlrs in 1985 through low commodity prices, but this had
+affected the ability of developing nations to import goods and
+services.
+    "The health and the growth of world trade requires that the
+new development of developing countries losing their share of
+world trade be arrested and reversed," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13678" NEWID="8157">
+<DATE>23-MAR-1987 05:23:17.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>somalia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0308&#31;reute
+u f BC-SOMALIA-PREPARES-FORE   03-23 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOMALIA PREPARES FOREIGN INVESTMENT LAW</TITLE>
+<DATELINE>    MOGADISHU, March 23 - </DATELINE><BODY>The Somali government has submitted
+to parliament a law offering foreign investors generous terms
+including customs duty exemption on all capital goods, Minister
+of State for Planning Yusuf Ali Osman said.
+    Osman told reporters yesterday the new law opened all
+sectors of the Somali economy to foreign investment and allowed
+unrestricted remittance of profits and repatriation of the
+whole value of the investment after five years.
+    The law gives investors guarantees against nationalisation
+and permits them to retain 50 pct of their export earnings in
+external accounts, a privilege available to Somali exporters
+since last year, he added.
+    Osman described the new terms as very attractive and said
+he expected the bill to go through within a week. Details of
+the previous investment laws were not immediately available.
+    Somalia opened its economy to private investment in the
+early 1980s but few foreign firms have put money into the
+country. Osman said the two largest private foreign investments
+were in a banana exporting venture and in a small boatyard.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13679" NEWID="8158">
+<DATE>23-MAR-1987 05:30:02.91</DATE>
+<TOPICS><D>reserves</D><D>trade</D></TOPICS>
+<PLACES><D>burma</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0313&#31;reute
+u f BC-BURMA-SAYS-DEBT-SERVI   03-23 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURMA SAYS DEBT SERVICE RATIO FALLS TO 48.8 PCT</TITLE>
+<DATELINE>    RANGOON, March 23 - </DATELINE><BODY>Burma's debt service ratio will have
+fallen to 48.8 pct in the fiscal year to end-March 1987 from 50
+pct in 1985-1986, the official Council of People's Inspectors
+(CPI) reported.
+    Western diplomats in Rangoon estimate the figure at above
+70 pct and say the country can no longer depend on foreign
+exchange reserves to cover more than a few weeks' imports.
+    The CPI, which oversees government spending, said in its
+latest report to parliament that foreign currency reserves fell
+to a record low of 407.9 mln kyats in September 1986 from 430.3
+mln in March 1986. Earlier figures were not available.
+    Debt servicing cost Burma 1.62 billion kyats in 1985-1986
+while foreign exchange earnings -- export revenues plus loans
+and aid -- totalled 3.23 billion kyats in the same period, the
+council said.
+    Later figures were not available.
+    Burma, which diplomats here say now has foreign debts of up
+to 3.4 billion dlrs, has applied to the United Nations to be
+reclassified as one of the world's least developed countries in
+order to qualify for softer loan and grant aid.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13680" NEWID="8159">
+<DATE>23-MAR-1987 05:31:38.54</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D><D>rape-oil</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0314&#31;reute
+b f BC-INDIA-BOUGHT-24,000-T   03-23 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA BOUGHT 24,000 TONNES OF RBD OLEIN AT TENDER</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>The Indian State Trading Corporation
+(STC) bought four cargoes of rbd palm olein totalling 24,000
+tonnes at its vegetable oil import tender last week, traders
+said. Market reports on Friday said the STC had booked two
+cargoes.
+    The business comprised three 6,000 tonne cargoes for June
+at 346 dlrs and 6,000 tonnes for July at 340 dlrs per tonne
+cif.
+    It also secured a 20,000 tonne cargo of optional origin
+rapeseed oil for May 15/Jun 15 shipment at 321 dlrs cif.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13681" NEWID="8160">
+<DATE>23-MAR-1987 05:33:58.58</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0321&#31;reute
+u f BC-BP-GRANGEMOUTH-REFINE   03-23 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP GRANGEMOUTH REFINERY SHUT, HYDROCRACKER DAMAGED</TITLE>
+<DATELINE>    LONDON, MARCH 23 - </DATELINE><BODY>The entire British Petroleum Co PLC
+refinery at Grangemouth in Scotland has been shut down
+following the explosion and fire that severely damaged the
+hydrocracker at the site, a refinery spokesman said.
+    He said the rest of the 178,500 bpd refinery, including the
+19,000 bpd catalytic cracker, was undamaged. The whole refinery
+was closed pending enquiries but a decision when to reopen the
+main units will be taken in the next couple of days, he said.
+    But there was extensive damage to the central part of the
+32,000 bpd hydrocracker, which upgrades heavy oil products to
+gasoline, and it will be out of operation for some months.
+    The spokesman said BP will not suffer supply shortages as a
+result of the explosion as it will be able to bring in product
+from other sources. BP has a 437,000 bpd refinery in Rotterdam,
+a 181,900 bpd unit at Ingolstadt, West Germany, a 181,900 bpd
+plant at Lavera in France and a smaller Swedish plant.
+    He said the explosion and fire, in which one worker was
+killed, occurred when the hydrocracker was not in operation.
+    The refinery as a whole had been operating at about half of
+its capacity since the end of January while an extensive
+overhaul was carried out on the North Side of the complex where
+the hydrocracker is sited, he said.
+    This work was scheduled to be completed by mid-April, but
+this is now being assessed following the hydrocracker accident.
+    Two people were killed in an explosion and fire in a flare
+line at the Grangemouth refinery on March 13, but the spokesman
+said this incident was some 100 yards from the latest accident.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13682" NEWID="8161">
+<DATE>23-MAR-1987 05:35:09.36</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>rice</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE><D>deng-xiaoping</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0332&#31;reute
+u f BC-DENG-SETS-LIMIT-TO-CH   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENG SETS LIMIT TO CHINA GRAIN IMPORTS, PAPER SAYS</TITLE>
+<DATELINE>    PEKING, March 23 - </DATELINE><BODY>China's top leader Deng Xiaoping said
+China must not import more than 10 mln tonnes of grain, Ming
+Pao newspaper of Hong Kong said.
+    Customs figures show that China imported 7.73 mln tonnes of
+grain in 1986, up from 5.97 mln in 1985 but down from a record
+16.15 mln in 1982.
+    The newspaper quoted Deng as saying that grain output is
+one of several key issues that will influence the whole
+development of the economy. It did not give the context of his
+remarks. The 1987 grain production target is 405 mln, up from
+391 mln in 1986.
+    The newspaper quoted Deng as saying that the situation has
+reached the point where "pigs are not fed, there is not enough
+grain and increases in output have slowed."
+    "We should in our overall economic planning put agriculture
+in its proper place to reach our target of 480 mln tonnes by
+the year 2000," he said. "We must avoid the situation in recent
+years of importing more than 10 mln tonnes of grain."
+    The paper quoted Deng as saying that the State Council has
+decided to raise the price of five grains, including corn and
+rice, unchanged since 1978, but it gave no details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13683" NEWID="8162">
+<DATE>23-MAR-1987 05:38:57.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0346&#31;reute
+u f BC-AUSTRALIA'S-WOOLWORTH   03-23 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA'S WOOLWORTHS LOOKS TO IMPROVED PROFITS</TITLE>
+<DATELINE>    SYDNEY, March 23 - </DATELINE><BODY>Woolworths Ltd &lt;WLWA.S> said policy,
+management and financial changes initiated during the 1986/87
+business year should cause profits to reach more acceptable
+levels in 1987/88 end-February 1.
+    Net profit reported earlier fell 85.3 pct in the year ended
+February 1.
+    Results for the first month of the new year were
+encouraging after a period of uncertain consumer confidence and
+difficult trading conditions, it said in a statement.
+    The Big W discount store division and New South Wales
+supermarkets produced very disappointing results, it added.
+    Woolworths earlier reported a fall in net profit to 9.27
+mln from 63.20 mln on sales of 5.47 billion against 4.83
+billion. Capital spending for the year was 119 mln dlrs against
+105 mln for the previous year with 50 new stores opened, but
+total sales were below target, Woolworths said.
+    The company provided 20 mln dlrs against operating profit
+for the year to cover mark-downs on stock.
+    Extraordinary items included a 53 mln dlr profit on the
+sale of properties and investments less a 28 mln provision for
+reorganising the Big W chain.
+    Woolworths is unrelated to the U.S. Group F.W. Woolworth
+&lt;Z.N>. It has been the subject of takeover speculation since
+&lt;Industrial Equity Ltd> acquired a 20 pct stake last year.
+    New Zealand's diversified investment group &lt;Rainbow Corp
+Ltd> bought Safeway Stores Inc's &lt;SA> 20 pct holding in
+Woolworths for 190 mln dlrs late last year.
+    Safeway put its stake up for tender just in time to take
+advantage of changes in U.S. Tax laws effective from the end of
+December, informed sources said.
+    Woolworths shares closed on Australian stock exchanges
+today at 3.50 dlrs, down five cents from Friday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13684" NEWID="8163">
+<DATE>23-MAR-1987 05:40:00.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0352&#31;reute
+u f BC-BOOKER-SAYS-1987-STAR   03-23 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOOKER SAYS 1987 STARTS WELL</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>Booker Plc &lt;BOKL.L> said 1987 had
+started well and the group had the resources to invest in its
+growth business both organically and by acquisition.
+    It was commenting on figures for 1986 which showed pretax
+profits rising to 54.6 mln from 46.5 mln previously. Profits
+from the U.S. Accounted for 39 pct of the total. The results
+were broadly in line with analysts' forecasts and the company's
+shares firmed in morning trading to 421p from 413p at Friday's
+close.
+    The group ended the year with a cash surplus higher at 54
+mln stg, compared to 26 mln previously, after capital
+expenditure which rose to 54 mln from 43 mln.
+    In a statement, the company said the U.K. Agribusiness
+group reported excellent profits growth while health products
+profits rose to 6.5 mln from 5.4 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13685" NEWID="8164">
+<DATE>23-MAR-1987 05:40:11.52</DATE>
+<TOPICS><D>gnp</D><D>cpi</D><D>reserves</D><D>grain</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0353&#31;reute
+u f BC-BANGLADESH-FORECASTS   03-23 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH FORECASTS GDP GROWTH OF 4.4 PCT</TITLE>
+<DATELINE>    DHAKA, March 23 - </DATELINE><BODY>Gross domestic product is expected to
+grow by 4.4 pct in the year ending June 30, Finance Minister
+Mohammad Syeduzzaman told reporters.
+    Inflation fell to an estimated 12 pct this fiscal year from
+17 pct in 1981/82, he said last night.
+    The World Bank and other independent sources have said
+inflation would be around 15 pct in 1986/87.
+    Syeduzzaman said remittances from expatriates would rise to
+600 mln dlrs this year from 425 mln in 1981/82.
+    Foreign exchange reserves at end-June are projected at 680
+mln dlrs compared with 105 mln in 1981/82, he said.
+    Syeduzzaman said the export target has been set at 900 mln
+dlrs this year against 626 mln in 1981/82. Commitments for
+foreign loans and grants total more than five billion dlrs in
+1986/87, against 3.54 billion five years previously, he said.
+    The government's liberal industrial policy has attracted
+investment commitments totalling 250 mln dlrs, he said
+    Foodgrain output is estimated at 16.4 mln tonnes this year,
+up from 16.12 mln in 1985/86 and 14.4 mln in 1981/82.
+    Government officials have said Bangladesh must import
+nearly two mln tonnes of grain annually up to 1990, when the
+government expects to attain self-sufficiency in food.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13686" NEWID="8165">
+<DATE>23-MAR-1987 05:40:15.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0354&#31;reute
+f f BC-Belgian-three-month-t   03-23 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Belgian three-month treasury certificate rate cut 0.10 points to 7.40 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13687" NEWID="8166">
+<DATE>23-MAR-1987 05:49:01.51</DATE>
+<TOPICS><D>acq</D><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>uk</D><D>france</D><D>italy</D><D>west-germany</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T G
+&#22;&#22;&#1;f0368&#31;reute
+u f BC-BEGHIN-SAY-INCREASES   03-23 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEGHIN-SAY INCREASES CAPITAL TO FINANCE EXPANSION</TITLE>
+<DATELINE>    PARIS, March 23 - </DATELINE><BODY>French sugar group Beghin-Say, which is
+49.6 pct owned by Italy's Gruppo Ferruzzi, is to raise its
+capital to 703 mln francs from 527 mln through a three-for-one
+issue of shares and investment certificates to finance
+expansion, president Jean-Marc Vernes told analysts.
+    For the first stage Beghin-Say will issue some 2.05 mln new
+65 franc shares at 500 francs to increase capital to 660 mln
+francs. The share currently trades at 734 francs. Then 658,000
+new 65 franc investment certificates will be issued at 400
+francs, raising capital to 703 mln francs.
+    The capital increase will bring the group around 1.2
+billion francs in new funds to finance its expansion plans.
+These include the possible acquisition of the Corn Products
+maize starch plant at Haubourdin in northern France, Vernes
+said.
+    Ferruzzi is one of several groups bidding to buy all of
+Corn Products' installations in Europe. Apart from the French
+plant, these include three factories in each of Italy and West
+Germany, two in Britain and Spain and one in the Netherlands
+and Denmark.
+    Corn Products has put a 650 mln dlr price tag on the
+installations, and Beghin-Say estimates that acquisition of the
+Haubourdin plant would cost between 80 and 100 mln dlrs, Vernes
+said.
+    If this bid fails, Beghin-Say would consider acquiring and
+developing two other French plants, either in the maize or
+wheat starch sector.
+    Beghin-Say is also planning to finance European expansion
+for its Kaysersberg subsidiary, another major reason for its
+capital increase.
+    Kaysersberg, which was transformed from a division of
+Beghin-Say into a fully-fledged chemical subsidiary last year,
+has been holding talks with other European companies on
+possible accords, Vernes said. He added the company could be
+introduced onto the Paris Bourse in the near future.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13688" NEWID="8167">
+<DATE>23-MAR-1987 06:08:19.97</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0393&#31;reute
+u f BC-IRAQ-REPORTS-RAIDS-IR   03-23 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ REPORTS RAIDS IRAN'S NOWRUZ OIL FIELD</TITLE>
+<DATELINE>    BAGHDAD, March 23 - </DATELINE><BODY>Iraq said its warplanes launched two
+bombing raids on Iran's offshore Nowruz oilfield in the
+northern Gulf today.
+    A military spokesman, quoted by the official Iraqi news
+agency, said platforms at the field were reduced "to rubble."
+    He said attacks on the field, 55 miles northwest of Iran's
+Kharg Island oil terminal, were carried out at 0600 GMT. He
+said today's raids "fall within Iraq's policy to deprive Iranian
+rulers of oil revenue used to serve their aggressive aims."
+    Iraqi planes yesterday raided the nearby Ardeshir oil
+field, resuming attacks on Iranian targets after a month-long
+lull.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13689" NEWID="8168">
+<DATE>23-MAR-1987 06:11:53.61</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0394&#31;reute
+u f BC-BANK-OF-FRANCE-SAYS-N   03-23 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE SAYS NO MONEY MARKET TENDER TODAY</TITLE>
+<DATELINE>    PARIS, March 23 - </DATELINE><BODY>The Bank of France will not hold a money
+market intervention tender today, ruling out a further cut in
+its 7-3/4 pct intervention rate, central bank sources said.
+    At the tenders, depending on market conditions, the Bank
+injects liquidity into the market by buying up first category
+paper. But market sources said that while the recent franc
+performance leaves room for a further quarter point cut in the
+intervention rate there was plenty of market liquidity.
+    The Bank cut its rate to 7-3/4 pct from eight pct on March
+9, the first change since January 2. Interest rates also fell
+the same week in Britain, Belgium and Italy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13690" NEWID="8169">
+<DATE>23-MAR-1987 06:13:33.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0398&#31;reute
+u f BC-&lt;ZAMBIA-COPPER-INVEST   03-23 0049</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+&lt;ZAMBIA COPPER INVESTMENTS LTD> JOHANNESBURG, March 23
+-Halfyear ended december 31
+    Shr net 53 U.S. Cents vs loss 3.67
+    Pre-tax 677,000 dlrs vs 857,000
+    Net earnings 646,000 vs loss 4.50 mln
+    Foreign tax gain 31,000 vs 30,000
+    Extraordinary items nil vs loss 5.33 mln period
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13691" NEWID="8170">
+<DATE>23-MAR-1987 06:15:12.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>luxembourg</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0401&#31;reute
+b f BC-TASMANIAN-PUBLIC-FINA   03-23 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TASMANIAN PUBLIC FINANCE HAS AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>The Tasmanian Public Finance Corp,
+guaranteed by the state of Tasmania, is issuing a 46 mln
+Australian dlr eurobond due April 23, 1992 paying 14-3/4 pct
+and priced at 101-1/8 pct, lead manager Deutsche Bank Capital
+Markets said.
+    The bond will be available in denominations of 1,000 and
+10,000 dlrs and will be listed in Luxembourg and Frankfurt.
+    Fees comprise 1-3/8 pct selling concession and 5/8 pct
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13692" NEWID="8171">
+<DATE>23-MAR-1987 06:16:07.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0403&#31;reute
+b f BC-FINNISH-EXPORT-CREDIT   03-23 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH EXPORT CREDIT ISSUES YEN BONDS</TITLE>
+<DATELINE>    London, March 23 - </DATELINE><BODY>Finnish Export Corp is issuing a 20
+billion yen bond maturing April 23, 1992 carrying a 4-3/8 pct
+coupon and priced at 102-3/4, said Yamaichi Securities
+International (Europe) Ltd.
+    The bond are payable April 23, 1987 and are available in
+denominations of one mln yen. They will be listed on the London
+Stock Exchange.
+    There is a 1-1/4 pct selling concession and 5/8 pct
+combined management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13693" NEWID="8172">
+<DATE>23-MAR-1987 06:19:59.63</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0409&#31;reute
+r f BC-BALLADUR-SEES-ONLY-TW   03-23 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR SEES ONLY TWO PCT FRENCH GROWTH IN 1987</TITLE>
+<DATELINE>    PARIS, March 23 - </DATELINE><BODY>French 1987 growth will probably be about
+two pct, the same as last year, due to an international
+environment that is less favourable than expected, Finance
+Minister Edouard Balladur was quoted as saying.
+    Treasury director Daniel Lebegue said last month that gross
+domestic product is expected to grow by between two and 2.5 pct
+this year, against an original target of 2.8 pct.
+    Although in line with the latest Organisation for Economic
+Cooperation and Development (OECD) estimate of 2.1 pct growth,
+the forecast will be balanced by growth in investments and
+exports, Balladur said in an interview with the daily Les
+Echos.
+    Last month Balladur said French GDP had grown by just two
+pct last year, compared with an initial 1986 target of 2.5 pct
+and 1.1 pct growth in 1985.
+    He told Les Echos he aims to reduce the 1988 budget deficit
+to 115 billion francs from this year's figure of 129 billion
+and compared with a 141 billion deficit in 1985.
+    He has already announced his intention of cutting the
+deficit to 100 billion francs in 1989.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13694" NEWID="8173">
+<DATE>23-MAR-1987 06:31:37.19</DATE>
+<TOPICS><D>gnp</D><D>trade</D><D>jobs</D><D>retail</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0426&#31;reute
+u f BC-FRENCH-GDP-SHOULD-RIS   03-23 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH GDP SHOULD RISE 2.3 PCT IN 1988 - MINISTRY</TITLE>
+<DATELINE>    PARIS, March 23 - </DATELINE><BODY>French gross domestic product should grow
+by 2.3 pct in 1988 after two pct growth this year and 2.1 pct
+in 1986, the Finance Ministry said.
+    The latest forecast, prepared by the National Accounts and
+Budget Commission, assumed an exchange rate of 6.20 francs to
+the dollar this year and next and an average oil import price
+rising to 18.9 dlrs a barrel next year from 17.4 dlrs this year
+and 14.7 in 1986.
+    The Commission, headed by Finance minister Edouard
+Balladur, forecast a fall in consumer price inflation to two
+pct year-on-year at end-1988 from 2.4 pct at end 1987 and 2.1
+pct last year.
+    In annual average terms inflation would fall to two pct in
+1988 from 2.5 pct this year and 2.7 pct last year, it said.
+    Trade should show a one billion franc annual surplus this
+year and next after last year's 0.5 billion surplus, it added.
+    Employment should rise by 0.1 pct a year over the next two
+years while the state budget deficit should be cut to 2.2 pct
+of GDP in 1988 from 2.6 pct this year and 2.9 pct in 1986.
+    Other forecasts prepared by the Commission indicated a 1.8
+pct 1988 rise in household purchasing power, up from 1.1 pct
+this year but less than last year's 2.9 pct, and a 1.6 pct rise
+in household consumption, compared with this year's 1.5 pct and
+last year's 2.9 pct.
+    Business investment is forecast to rise four pct a year
+this year and next after 3.7 pct last year, with private sector
+productive investment rising 4.9 pct in 1988 after a six pct
+rise this year and 5.5 pct in 1986.
+    The Ministry said updated forecasts would be prepared
+before the autumn to serve as the basis for the 1988 budget,
+which the government is now preparing for presentation in
+September.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13695" NEWID="8174">
+<DATE>23-MAR-1987 06:34:25.91</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0431&#31;reute
+u f BC-DANISH-TRADE-IN-BALAN   03-23 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH TRADE IN BALANCE IN FEBRUARY</TITLE>
+<DATELINE>    COPENHAGEN, March 23 - </DATELINE><BODY>Denmark's balance of payments on
+current account was provisionally put at zero in February,
+against a 181 mln crown surplus in January and a 1.5 billion
+deficit in February 1986, the National Statistics Office said.
+    Exports rose to 13.94 billion crowns in February from 12.53
+billion in January, against 14.16 billion in February last
+year. February imports rose to 13.94 billion from 12.35 billion
+in January, against 15.67 billion in February 1986.
+    The February figure provisionally gives a trade surplus for
+1987 of 180 mln crowns, against a 3.04 billion deficit in the
+same 1986 period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13696" NEWID="8175">
+<DATE>23-MAR-1987 06:41:27.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0435&#31;reute
+u f BC-SMALL-DANISH-BANK-STO   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMALL DANISH BANK STOPS PAYMENTS - INSPECTORATE</TITLE>
+<DATELINE>    COPENHAGEN, MARCH  23 - </DATELINE><BODY>A small Danish private bank, the
+6.Juli Banken A/S, stopped payments today following a need for
+considerably higher provisions against loan losses, the
+Government Bank Inspectorate said in a statement.
+    Officials at the 6. Juli Bank were not immediately
+available for comment and calls to the Copenhagen head office
+were intercepted by an operator who said the office was closed.
+    The Inspectorate statement said: "Payments have been stopped
+out of regard for the depositors." This would allow closer
+investigation with a view to reconstruction and "negotiations on
+this have started."
+    The statement said: "The inspectors have inquired into
+certain financial transactions involving considerable
+extraordinary income in the submission of the 1986 balance
+sheet. The inspectors have not found themselves able to approve
+this book entry.
+    "The inspectors have further examined the bank's liquidity
+position and its commitments and have established the need for
+considerably higher provisions against losses on loans."
+    The bank is independent and has four branches in the
+Copenhagen area. Details of previous profits were not
+immediately available.
+    A spokesman for the Danish Banks Association said that the
+6.July Bank was one of the smallest of Denmark's 80 banks, with
+balance sheet total of 861 mln crowns at end 1985, the latest
+year for which figures were available.
+    Denmark's banking legislation stipulates that equity
+capital and savings must be at least eight pct of debt and
+guarantee commitments, higher than for many countries.
+     REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13697" NEWID="8176">
+<DATE>23-MAR-1987 06:46:33.98</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0439&#31;reute
+b f BC-BEGHIN-SAY-SEES-SOLUT   03-23 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEGHIN-SAY SEES SOLUTION TO EC SUGAR DISPUTE</TITLE>
+<DATELINE>    PARIS, March 23 - </DATELINE><BODY>A settlement could soon be reached in the
+dispute between European sugar producers and the European
+Community over EC export licencing policies, Jean-Marc Vernes,
+president of French sugar producer Beghin-Say, which is leading
+the protest, told journalists today.
+    "Our contacts with the EC authorities over the past few days
+indicate that we are moving towards a solution," he said, adding
+that if this happened the producers would withdraw the 854,000
+tonnes of sugar they have offered into intervention.
+    Vernes said that the protest, involving 770,000 tonnes of
+sugar from French producers alone, was prompted by the EC's
+policy since mid-1986 of offering export rebates which failed
+to give producers an equivalent price to that they would obtain
+by offering sugar into EC intervention.
+    At last week's tender the EC Commission made an apparent
+concession by offering a maximum rebate only 1.3 European
+currency units (Ecus) per 100 kilos below the level producers
+say is needed, compared with the previous week's rebate which
+was 2.5 Ecus below the necessary level.
+    Vernes would not say what form any compromise between the
+producers and the EC would take, but he reaffirmed the
+long-term desire of producers to export to the world market,
+providing they were not losing money by doing so.
+    Producers can withdraw their intervention offer after April
+1, when the sugar will officially enter intervention stores, or
+at any time over the following five weeks before the official
+payment date.
+    The EC has threatened to put the sugar back on the internal
+market if the producers refuse to withdraw their offers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13698" NEWID="8177">
+<DATE>23-MAR-1987 06:50:20.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0444&#31;reute
+u f BC-DRESDNER-DECLINES-COM   03-23 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRESDNER DECLINES COMMENT ON SCRIP SHARE REPORT</TITLE>
+<DATELINE>    FRANKFURT, March 23 - </DATELINE><BODY>A Dresdner Bank AG &lt;DRSD.F> spokesman
+said the bank had no comment on newspaper reports that
+shareholders would be offered free subscription shares.
+    Dresdner shares surged to open 10.50 marks higher at
+319.50, before climbing further. Other bank stocks also rose
+strongly and dealers cited speculation already in the market
+that Deutsche Bank AG &lt;DBKG.F> would make a similar move. Such
+"scrip" issues, if they occurred, would mark the first time
+German banks had ever issued free shares.
+    The varying reports said Dresdner shareholders may be
+offered one free share for every 15, 18 or 20 already held.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13699" NEWID="8178">
+<DATE>23-MAR-1987 06:59:51.94</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0453&#31;reute
+u f BC-U.K.-LONGER-CYCLICAL   03-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. LONGER CYCLICAL INDICATOR RISES IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>The U.K. Longer leading cyclical
+indicator rose in February by 5.8 pct after January's 1.9 pct
+rise, figures from the Central Statistical Office show.
+    The indicator, base 1980, which shows trends in the economy
+12 months ahead, was put at 108.7 in February compared with
+102.7 in January and 99.5 in February 1986.
+    The shorter leading indicator, signalling trends six months
+ahead, was put at 97.1 for January, the latest month for which
+data were available, after December's 96.5. This compared with
+98.4 in January 1986.
+    The coincident indicator, designed to signal current
+turning points in the economy, was put at 91.2 in January, down
+from 91.9 in December and 91.6 in january 1986.
+    The lagging index, which the CSO says shows a turning point
+in the economy about a year after it happens, was at 92.4 in
+January, down from 92.5 in December and 93.0 a year earlier.
+    The Office said leading indicators still do not show a
+consistent picture of the likely future developments of the
+business cycle in Britain.
+    It said the strong rise in the longer leading index between
+December and February was due mainly to rises in share prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13700" NEWID="8179">
+<DATE>23-MAR-1987 07:01:49.26</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0456&#31;reute
+u f BC-AUSTRALIAN-WHEAT-AREA   03-23 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN WHEAT AREA TO FALL, FORECASTER SAYS</TITLE>
+<DATELINE>    MELBOURNE, March 23 - </DATELINE><BODY>Australian wheat plantings are
+forecast to fall to 10.40 mln hectares in 1987/88 from 11.72
+mln sown in 1986/87, Australian Wheat Forecasters Pty Ltd (AWF)
+said in its first preliminary crop forecast.
+    But there was no reason to expect Australian production in
+1987/88 would be less than the 16.5 mln tonnes of last year,
+the private forecaster said, as crops in New South Wales and
+Queensland suffered from poor yields last season.
+    Most of the fall in plantings was expected in Western
+Australia while state average yields would be assisted by
+growers sowing wheat on fallows and rest paddocks, it said.
+    The main reason for a low Western Australia estimate was a
+poor profit outlook under cost, credit and yield pressures. But
+in the eastern states the wheat area should hold up provided
+that rainfall between now and June is not less than average,
+AWF said.
+    Although some farmers were saying they intended to cut back
+wheat area by 20 pct, AWF said this was unlikely since they
+needed cash flow and there were problems with alternative
+crops.
+    "The lack of statutory marketing for oilseeds, pulses and
+oats is a cause for concern if those crops are to comprise a
+high proportion of growers' income," AWF said.
+    AWF's state area forecasts in mln hectares, with 1986/87
+production in mln tonnes, are as follows (crop forecasts were
+not given for the new wheat year)
+                   Area         Crop
+             1987/88  1986/87  1986/87
+ Queensland    0.82     0.82     0.95
+ N.S.W.        3.07     3.17     4.40
+ Victoria      1.53     1.63     3.25
+ S.Australia   1.45     1.64     2.30
+ W.Australia   3.53     4.46     5.60
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13701" NEWID="8180">
+<DATE>23-MAR-1987 07:09:27.27</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0471&#31;reute
+f f BC-FRENCH-JANUARY-INDUST   03-23 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH JANUARY INDUSTRIAL PRODUCTION FELL 1.98 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13702" NEWID="8181">
+<DATE>23-MAR-1987 07:12:24.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0475&#31;reute
+u f BC-CAPTAIN-CHARGED-IN-AQ   03-23 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPTAIN CHARGED IN AQUINO BOMBING</TITLE>
+<DATELINE>    BAGUIO, Philippines - </DATELINE><BODY>Military authorities say an unnamed
+army captain has been arrested for involvement in last week's
+bombing of the Philippine Military Academy.
+    They told reporters the arrest of the captain had been
+ordered after a search of his home revealed bombs and
+ammunition.
+    Four people died and 40 were injured in the blast, which
+President Aquino said was designed as an attempt on her life.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13703" NEWID="8182">
+<DATE>23-MAR-1987 07:14:27.11</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0479&#31;reute
+b f BC-U.K.-MONEY-MARKET-SHO   03-23 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>The Bank of England said it revised down
+its forecast of the deficit in the money market today to 750
+mln stg from 800 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13704" NEWID="8183">
+<DATE>23-MAR-1987 07:14:51.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0480&#31;reute
+r f BC-DEBT-SOLUTION-REQUIRE   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEBT SOLUTION REQUIRES OPEN MARKETS, GERMAN BANKER</TITLE>
+<DATELINE>    FRANKFURT, March 23 - </DATELINE><BODY>The solution of the world's debt
+crisis requires open markets but a possible resurgence of
+protectionism is the biggest danger, the president of the
+Federal Association of German Banks, Wolfgang Roeller, said.
+    Roeller, who is also management board spokesman of Dresdner
+Bank AG, said in a radio interview it is unlikely Brazil's
+suspension last month of part of its interest payments would
+lead to a chain reaction in Latin America.
+    It is important to increase the efficiency of debtor
+countries to such an extent they earn sufficient currency from
+exports to repay foreign debt, he said.
+    Brazil had taken a unilateral step, Roeller said, but
+Brazil had a strong and broad economic base. With the help of
+appropriate economic programmes there should be a way to bring
+back financial stability to that country.
+    Roeller said action on the debt situation had to be taken
+now. It could not be expected debtor countries would be able to
+repay debts in the short run, even if economic conditions
+improved. Programmes had to be developed which would strengthen
+the economic position of these countries, to ensure world
+economic growth so they are able to sell their products at
+adequate prices.
+    Roeller said the debt crisis could only be solved in
+coordination with governments, international organisations such
+as the World Bank and the International Monetary Fund, and
+creditor banks.
+    "This is not a topic which can be solved by creditor banks
+alone," he said. One aim had to be to raise the credit standing
+of debtor countries to such a degree they are able to raise
+funds on international credit markets again. He said a whole
+set of new ideas had been developed and he was convinced the
+international banking system would provide more funds, but the
+problem is not just economic but also political.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13705" NEWID="8184">
+<DATE>23-MAR-1987 07:15:32.54</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0483&#31;reute
+u f BC-JAPAN-LONG-TERM-PRIME   03-23 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN LONG-TERM PRIME SEEN CUT TO RECORD LOW SOON</TITLE>
+<DATELINE>    TOKYO, March 23 - </DATELINE><BODY>Japan's long-term banks will soon cut
+their prime rate, now at a record low 5.5 pct, by 0.2 or 0.3
+percentage point in response to falling secondary market yields
+on their five-year debentures, long-term bankers said.
+    The long-term prime rate is customarily set 0.9 percentage
+point above the coupon on five-year bank debentures issued by
+the long-term banks every month.
+    The latest bank debentures, at 4.6 pct, have met strong
+end-investor demand on the prospect of further declines in yen
+interest rates, dealers said. The current 5.5 pct prime rate
+has been in effect since February 28.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13706" NEWID="8185">
+<DATE>23-MAR-1987 07:15:38.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0484&#31;reute
+u f BC-GERMAN-BUSINESS-CLIMA   03-23 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BUSINESS CLIMATE WORSENS SLIGHTLY - INSTITUTE</TITLE>
+<DATELINE>    MUNICH, March 23 - </DATELINE><BODY>The business climate in West German
+manufacturing industry worsened slightly last month after
+deteriorating markedly in January, the IFO economic research
+institute said.
+    It said its February survey showed firms were also
+increasingly pessimistic about the outlook for the coming
+months, causing them to cut back production plans.
+    IFO blamed the worsening of the business climate and
+outlook largely on expectations of further declines in foreign
+demand.
+    More than a quarter of the firms polled said they thought
+orders in hand were insufficient.
+    Overall, the business climate in February could be
+described as just short of satisfactory, IFO said.
+    In a breakdown of responses by industrial sector, the
+institute said manufacturers of basic products judged the
+business climate to be slightly less favourable in February
+than in January. For the coming months they expect export
+prospects to dim and production to fall, it added.
+    Chemical firms reported a slight improvement in demand but
+they increasingly said orders on hand were insufficient.
+    The business climate in the capital goods industry was
+unchanged in February compared with January, but IFO said this
+was due entirely to positive reports from makers of commercial
+vehicles.
+    Demand in the capital goods sector was generally described
+as weak, with the outlook in February cloudier than it had been
+in January, the institute said.
+    The business climate in the consumer durables sector
+remained above the industry average in February. Carmakers were
+again positive about current business but forecast a slight
+worsening of business conditions in the near future.
+    In the consumer goods industry business conditions were
+described as favourable in February.
+    A small cutback in production meant orders on hand in this
+sector rose compared with January, the institute said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13707" NEWID="8186">
+<DATE>23-MAR-1987 07:16:11.07</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>new-zealand</D></PLACES>
+<PEOPLE><D>yeutter</D><D>de-clercq</D></PEOPLE>
+<ORGS><D>gatt</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0485&#31;reute
+u f BC-YEUTTER-SEES-U.S.,-JA   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER SEES U.S., JAPAN VERGING ON TRADE CONFLICT</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 23 - </DATELINE><BODY>The United States and Japan
+are on the brink of serious conflict on trade, especially over
+semiconductors, Japanese unwillingness for public bodies to buy
+U.S. Super-computers, and barriers to U.S. Firms seeking to
+participate in the eight billion dlr Kansai airport project,
+U.S. Trade Representative Clayton Yeutter said.
+    He was talking to reporters yesterday on the eve of a
+two-day meeting of trade ministers which will review progress
+made by committees set up after the Uruguay meeting last
+September launched a new round of GATT (General Agreement on
+Tariffs and Trade) talks.
+    European Community (EC) commissioner Willy de Clercq
+meanwhile told reporters conflict between the world's three
+major trading and economic powers -- the EC, the U.S. And Japan
+-- set a poor example for other members of GATT.
+    Australian Trade Minister John Dawkins told the reporters
+bilateral retaliation at the enormous expense of the rest of
+the world was no way to solve trade disputes.
+    New Zealand trade minister Mike Moore told his colleagues
+great progress had been made in preparing for the current round
+of GATT negotiations which must not be sidetracked.
+    The ministers have said they want to maintain the momentum
+towards fresh negotiations or avert serious trade conflicts.
+    Yeutter said the problem with international trade talks was
+that they tended to get bogged down for years. "Countries don't
+get very serious about negotiating until the end of the day
+which is, maybe, five or six years in the future."
+    He also said he did not consider the new U.S. Congress as
+protectionist as it was 18 months ago. "That's a very healthy
+development," he added."If you asked me about that a year or 18
+months ago I would have said that it was terribly
+protectionist."
+    "Members of Congress, that is the contemplative members of
+Congress, have begun to realise protectionism is not the answer
+to the 170 billion dlr trade deficit," Yeutter said.
+    "They've also begun to realise that you cannot legislate
+solutions to a 170 billion dollar trade deficit so they are
+more realistic and, in my judgement, more responsible on that
+issue than they were 12 or 18 months ago."
+    He added, "Whether that will be reflected in the legislation
+that eventually emerges is another matter."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13708" NEWID="8187">
+<DATE>23-MAR-1987 07:17:17.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D><D>brazil</D></PLACES>
+<PEOPLE><D>mikulic</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0494&#31;reute
+d f BC-PREMIER-SAYS-YUGOSLAV   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREMIER SAYS YUGOSLAVIA WILL PAY ITS DEBTS</TITLE>
+<AUTHOR>    By Peter Humphrey, Reuters</AUTHOR>
+<DATELINE>    BELGRADE, March 23 - </DATELINE><BODY>Yugoslavia, whose economic crisis is
+under close scrutiny by foreign creditors, will not follow
+Brazil by suspending repayments on its large foreign debt,
+Prime Minister Branko Mikulic was quoted as saying.
+    Mikulic was speaking to West German journalists in an
+interview published yesterday by the Tanjug news agency.
+    He said Yugoslavia had always paid its debts and would
+continue to do so, but he said creditors and international
+institutions should show more "understanding" for Yugoslavia's
+situation.
+    Mikulic said Yugoslavia had "understanding" for what Brazil
+had done.
+    Yugoslavia has almost 100 pct annual inflation, lagging
+exports and low productivity. This month Makulic imposed
+partial freezes on wages and prices which led to widespread
+strikes. Tanjug said in the interview Mikulic warned the army
+could be called in if Yugoslavia's political system was
+threatened. Official reports show Yugoslavia ended 1986 with
+hard currency debt of 19.7 billion dlrs. In 1986 it repaid a
+record 5.97 billion in capital and interest, reducing its
+overall debt by 996 mln dlrs.
+    Government ministers told reporters last week they
+regretted Yugoslavia made such an effort in 1986. They said the
+cost to the economy had been too great.
+    Earlier this month deputy prime minister Janos
+Milosavljevic said Yugoslavia needed new credits. Foreign
+Minister Raif Dizdarevic said in Caracas, "radical changes" in
+interest rates and repayment times were needed.
+    Western economists said Mikulic's remarks, taken with those
+of his ministers, could be a signal some problems were seen
+ahead in financing the debt repayments.
+    Yugoslavia's debt refinancing timetable is to be considered
+by the Paris club at the end of this month.
+    The International Monetary Fund, which recently reviewed
+the Yugoslav economy, is said by Western diplomats to be
+alarmed at what it sees as a deteriorating economic crisis here
+and the possibility of balance of payments problems later this
+year.
+    Mikulic visits West Germany next week, and debt is expected
+to figure high on the agenda of his talks with Chancellor
+Helmut Kohl.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13709" NEWID="8188">
+<DATE>23-MAR-1987 07:19:03.24</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>iran</D><D>usa</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0499&#31;reute
+u f BC-IRAN-SAYS-IT-INTENDS   03-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAYS IT INTENDS NO THREAT TO GULF SHIPPING</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>Iran said reports that it intended to
+threaten shipping in the Gulf were baseless, and warned the
+U.S. And other countries not to interfere in the region.
+    Tehran radio, monitored by the BBC, quoted a Foreign
+Ministry spokesman as saying any attempt at interference would
+be met by "a strong response from Iran and other Moslems in the
+world."
+     U.S. Defence Secretary Caspar Weinberger, in remarks
+apparently unrelated to the broadcast, said the U.S. Would do
+whatever was necessary to keep shipping lanes open in the face
+of new Iranian anti-ship missiles in the Gulf.
+    The U.S. State Department said two days ago Tehran had been
+told of U.S. Concern that Iranian anti-ship missiles posed a
+threat to the free flow of oil from the Gulf.
+    U.S. Officials have said Iran has new Chinese-made
+anti-ship "Silkworm" missiles, which pose a greater threat to
+merchant ships than missiles used before.
+    The Iranian spokesman said the reports that Iran intended
+to attack ships were "misleading propaganda."
+    He said Iraq's President Saddam Hussein was the main cause
+of tension in the Gulf and said Iran would continue to use "all
+its legitimate means to stem the cause of tension."
+    Weinberger said in a television interview in the U.S. "We
+are fully prepared to do what's necessary to keep the shipping
+going and keep the freedom of navigation available in that very
+vital waterway."
+    "We aren't going into any disclosures or discussions of what
+might happen, but we are certainly very sympathetic to and
+listening carefully to any suggestions for our assistance in
+keeping navigation free in that area," he said.
+    Weinberger said U.S warship movements in the Gulf area were
+not unusual.
+    A U.S. Navy battle group led by the aircraft carrier Kitty
+Hawk is currently in the northern Arabian Sea.
+    The Iranian spokesman was quoted by Tehran radio as saying
+the U.S. Was trying to build up its military presence in the
+region.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13710" NEWID="8189">
+<DATE>23-MAR-1987 07:26:09.90</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>trade</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0511&#31;reute
+u f BC-BAKER-DENIES-DOLLAR-T   03-23 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER DENIES DOLLAR TARGET EXISTS</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+again said the meeting of six major industrial nations in Paris
+last month did not establish a target exchange rate for the
+dollar.
+    Baker said in a television interview aired here yesterday:
+"We don't have a target for the dollar." He declined to comment
+on what might be a desired level for the dollar, saying: "We
+really don't talk about the dollar."
+    He said protectionism was becoming "extremely strong" in the
+U.S. In response to widening U.S. Trade deficits and import
+barriers in other countries.
+    "The mood in the United States is extremely disturbing. It's
+extremely strong," he said.
+    "As I've said before, we sort of see ourselves as engaged
+here in a real struggle to preserve the world's free trading
+system, because if the largest market in the world (the U.S.)
+goes protectionist we run the risk of moving down the same path
+that the world did in the late 1930s," he said.
+    While relative exchange rates had a role to play in
+defusing the threat of protectionism, it alone did not offer
+any solution, he said.
+    "You must address this problem on the exchange rate side,
+but it cannot be solved on the exchange rate side alone. It's
+far more comprehensive and broad than that, and the solution of
+it requires a comprehensive approach," Baker said in the
+interview.
+    Baker said it would be necessary for other countries to
+adjust their currencies upwards, as well as remove their
+barriers to U.S. Imports. But he did not elaborate or name any
+countries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13711" NEWID="8190">
+<DATE>23-MAR-1987 07:26:18.78</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0512&#31;reute
+b f BC-FRENCH-INDUSTRIAL-PRO   03-23 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH INDUSTRIAL PRODUCTION FALLS IN JANUARY</TITLE>
+<DATELINE>    PARIS, March 23 - </DATELINE><BODY>French industrial production fell a
+seasonally adjusted 1.98 pct in January after revised unchanged
+output in December, the National Statistics Institute (INSEE)
+said.
+    The figure, which excludes construction and public works,
+put the January index, base 1980, at 99 after 101 in December.
+January output was 1.98 pct down on January 1986.
+    INSEE, which from January changed its base year to 1980
+from 1970, originally had December output down 2.2 pct on
+November, using the old base year.
+    INSEE said production in January was affected by rail
+strikes and severely cold weather.
+    It said output of gas and electricity was very high but
+activity slowed on construction sites, in quarries and in
+certain base industries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13712" NEWID="8191">
+<DATE>23-MAR-1987 07:26:35.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0514&#31;reute
+u f BC-UNITED-SCIENTIFIC-UNI   03-23 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED SCIENTIFIC UNIT LANDS 4.3 MLN DLR CONTRACT</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>Electro-optronic equipment makers
+&lt;United Scientific Holdings Plc> said the Advanced Products
+Division of its U.S. Subsidiary &lt;OEC Dallas, Texas> has been
+awarded a 4.3 mln dlr contract by the U.S. Army.
+    The contract is for the production of high energy laser
+protection filters for binoculars. The three year contract
+already includes options to the value of eight mln dlrs.
+    United reported pretax profit of 3.2 mln stg on turnover of
+117.9 mln stg in the year ended September 1986. The company's
+shares were unchanged on Friday's close of 243p following
+today's announcement.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13713" NEWID="8192">
+<DATE>23-MAR-1987 07:26:55.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0517&#31;reute
+r f BC-BRAZIL-BUSINESS-LEADE   03-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL BUSINESS LEADERS CALL FOR TALKS WITH IMF</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SAO PAULO, March 22 - </DATELINE><BODY>Brazilian business leaders attending
+a weekend meeting with President Jose Sarney called on the
+government to seek help from the International Monetary Fund
+(IMF) in resolving its debt problems.
+    The government has so far rejected suggestions that it let
+the IMF play a role in rescheduling its 109 billion dlr debt,
+the biggest in the Third World.
+    Finance Minister Dilson Funaro has said an IMF program for
+Brazil, adopted four years ago, caused a recession and he
+believes another IMF program would stifle growth.
+    Sarney last month suspended interest payments on Brazil's
+68 billion dlr commercial debt, a move which has found little
+favour among the country's business community.
+    Several businessmen called for a return to the IMF, arguing
+this would give the country access to new funds and allow the
+economy to grow. Both sides in the IMF debate say the course
+they favour will enable Brazil to avoid recession.
+    "We have to discuss the foreign debt like Mexico does, if
+necessary going to the IMF," Mario Amato, president of the Sao
+Paulo State Industries' Federation, was quoted as saying.
+     An about-turn on the IMF issue would be politically very
+difficult for the Sarney government and there are no firm
+indications such a policy reversal is in the offing.
+    The person most closely associated with the anti-IMF stance
+is Finance Minister Dilson Funaro, who was not present at
+yesterday's meeting. Brazilian newspapers highlighted his
+absence and reported that several of the 24 businessmen present
+seized the opportunity to tell Sarney they would like to see
+Funaro leave his job.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13714" NEWID="8193">
+<DATE>23-MAR-1987 07:29:06.12</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0526&#31;reute
+u f BC-GOOD-DEMAND-FOR-COLOM   03-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOOD DEMAND FOR COLOMBIANS ON BREMEN MARKET</TITLE>
+<DATELINE>    BREMEN, March 23 - </DATELINE><BODY>The Bremen green coffee market attracted
+good buying interest for Colombian coffee last week, while
+Brazils were almost neglected, trade sources said.
+    Buyers were awaiting the opening of Brazil's export
+registrations for May shipment, which could affect prices for
+similar qualities, they said.
+    Colombia opened export registrations and good business
+developed with both the FNC and private shippers. Prices were
+said to have been very attractive, but details were not
+immediately available.
+    Central Americans were sought for spot and afloat.
+    In the robusta sector nearby material was rather scarce,
+with turnover limited, the sources said.
+    The following offers were in the market at the end of last
+week, first or second hand, sellers' ideas for spot, afloat or
+prompt shipment in dlrs per 50 kilos fob equivalent, unless
+stated (previous week's prices in brackets) -
+    Brazil unwashed German quals 100 (102), Colombia Excelso
+105 (110), Salvador SHG 110 (108), Nicaragua SHG 109 (same),
+Guatemala HB 111 (same), Costa Rica SHB 113 (112), Kenya AB FAQ
+142 (134), Tanzania AB FAQ 120 (same), Zaire K-5 105 (unq),
+Sumatra robusta EK-1 91 CIF (same).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13715" NEWID="8194">
+<DATE>23-MAR-1987 07:35:01.82</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0540&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-23 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 97 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>The Bank of England said it provided the
+money market with help of 97 mln stg in the morning session.
+    This compares with the Bank's revised estimate of a 750 mln
+stg shortage in the system today.
+    The central bank bought bank bills outright comprising 12
+mln stg in band one at 9-7/8 pct and 85 mln stg in band two at
+9-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13716" NEWID="8195">
+<DATE>23-MAR-1987 07:38:10.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0546&#31;reute
+r f BC-BAKER-WARNS-AGAINST-F   03-23 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER WARNS AGAINST FORGIVENESS OF LATIN DEBT</TITLE>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>U.S. Treasury Secretary James Baker said
+any attempt to declare blanket debt forgiveness for major Latin
+American debtor nations might damage the world economy.
+    In an article in Monday's edition of the Miami Herald,
+Baker also criticised the concept of short-term debt relief,
+calling it a "dramatic, overnight solution."
+    "While these ideas may be well-intentioned and have some
+political appeal, they are impractical and counterproductive in
+the long run," he said.
+    The article was published to coincide with a three-day
+meeting here of the Inter-American Development Bank (IADB).
+    Baker is the chief architect of the U.S. Strategy on Third
+World debt.
+    Brazil, the Third World's largest debtor, last month
+declared a moratorium on interest repayments. It has given no
+indication of when it may resume interest payments, prompting
+fears that some large U.S. Banks may be forced into substantial
+debt writedowns and calling into question the viability of the
+U.S. Strategy.
+    Baker, defending the strategy, said private commercial
+banks have rescheduled nearly 70 billion dlrs in debt since
+October 1985 at longer maturities and lower interest rates.
+    "Together with expected progress in commercial bank
+discussions with Argentina and, we hope, Brazil, this should
+add up to substantial new lending for the major Latin debtors
+in 1987," Baker wrote.
+    He estimated that debt-equity conversion plans accounted
+for 2.5 billion dlrs last year in four of the region's major
+debtor states. Such plans allow foreign bank creditors to sell
+Third World debt at a discount to investors who then become
+stockholders in firms in these countries. "These swaps aren't a
+panacea, but they do demonstrate how a creative free market can
+make progress in reducing the debt burden," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13717" NEWID="8196">
+<DATE>23-MAR-1987 07:38:44.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0550&#31;reute
+r f BC-BRAZIL-SEEKS-TO-REASS   03-23 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SEEKS TO REASSURE BANKS ON DEBT SUSPENSION</TITLE>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>Brazil wants to resume interest payments
+on its medium- and long-term foreign debt as soon as possible
+and is willing to discuss ways of softening the impact of the
+payments suspension on bank earnings, central bank governor
+Francisco Gros said.
+    Gros, speaking to reporters yesterday after his first
+meeting with Brazil's bank advisory committee since he was
+appointed last month, also promised a clear statement of
+Brazil's economic policy would be made in the next few days.
+    But bankers who attended the meeting with Gros said it was
+inconclusive.
+    The bankers also expressed disappointment Gros could not
+give assurances as to when interest payments on the 68 billion
+dlrs of medium- and long-term debt would restart.
+    "It was all very tentative. You can't expect to get very far
+at the first meeting," one banker said.
+    The meeting took place on the eve of the annual meeting
+here of the Inter-American Development Bank.
+    The most urgent item on yesterday's agenda was the need for
+a legal rollover of some 16 billion dlrs in trade and interbank
+credit lines extended to Brazilian banks which expire at the
+end of March.
+    Brazil has already frozen the lines to ensure it has enough
+credit to finance its day-to-day trade and commerce, but needs
+to request a formal extension of the commitments to head off
+possible lawsuits from disgruntled creditors.
+    The issue is whether the 14-bank steering committee will
+endorse Brazil's request to the 700 creditor banks worldwide or
+simply relay it without comment.
+    This delicate question was not resolved at yesterday's
+meeting, but lawyers from both sides will try to draft suitable
+language for a telex by midweek, Gros and the bankers said.
+    Gros said he will also formally ask the banks for a 90-day
+rollover of some 9.6 billion dlrs of debt which originally
+matured in 1986 and is now due to be repaid on April 15.
+Bankers said the request is a legal nicety since the money is
+subject to the moratorium.
+    Once interest on Brazil's debts becomes more than 90 days
+overdue, U.S. And Canadian banks must put the loans on
+non-performing basis and may book payments only as and when
+they are received instead of accruing the interest in advance.
+    Citicorp has estimated its profits for the first quarter
+would be cut by 50 mln dlrs if it put Brazil on a cash basis.
+Other U.S. Banks have also warned of earnings setbacks.
+    Gros said he wished the 90-day rule was more flexible and
+said he would be willing to sit down with the banks to see if
+there was a way round the problem.
+    He did not elaborate. But, asked whether a bridge loan
+might be arranged to pay the interest, he said, "It could
+happen."
+    Bankers said this possibility had not been raised at the
+committee meeting and dismissed it as inconsistent with
+Brazil's determination to find a long-term solution to the
+problem of servicing its 110 billion dlr foreign debt.
+    Gros himself said pushing the problem away for 90 days at a
+time is not very useful. Only if Brazil has access to new loans
+can it grow, export and pay its debts over the longer term.
+    "If the flow of funds dries up, a country like Brazil can't
+meet all its obligations," he said.
+    Gros defended Brazil's recent economic record, noting
+inflation slowed in February, the trade surplus rose and the
+public sector budget was in operational surplus.
+    But he said there was a need to spell out government
+policy, especially on prices.
+    "It's necessary to clarify policy for internal and external
+reasons," he said, but declined to say what economic measures
+might be introduced.
+    Once policy is in place, Gros said financing talks with the
+banks are likely to be tough and protracted, a sentiment echoed
+by the country's creditors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13718" NEWID="8197">
+<DATE>23-MAR-1987 07:40:02.28</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0561&#31;reute
+b f BC-IRANIAN-TANKER-ATTACK   03-23 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRANIAN TANKER ATTACKED OVER WEEKEND - LLOYDS</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>The Iranian steam tanker Avaj, 316,379
+tonnes dw, was attacked and hit at 1715 hours on March 21,
+Lloyds Shipping Intelligence service reported.
+    One person was killed. The tanker is owned by the National
+Iranian Tanker Co.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13719" NEWID="8198">
+<DATE>23-MAR-1987 07:50:06.42</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0584&#31;reute
+r f BC-NEXT-WORLD-TRADE-NEGO   03-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEXT WORLD TRADE NEGOTIATIONS MUST SUCCEED - NZ</TITLE>
+<AUTHOR>    By Christopher Pritchett, Reuters</AUTHOR>
+<DATELINE>    TAUPO, New Zealand, March 23 - </DATELINE><BODY>Ministers from more than 20
+nations were told by New Zealand that the next international
+negotiations on liberalising trade would be the last this
+century and the cost of failure could not be measured.
+    Trade minister Mike Moore told his colleagues at a
+welcoming ceremony before two days of talks here that great
+progress had been made in preparing for the negotiations which
+must not be sidetracked.
+    "We live in troubled and dangerous times for the world
+trading system," he said.
+    "We have seen that the failure of the world trading system
+has caused great depression and conflict in the past. Our
+failure to maintain the momentum will be at great cost to us
+all," Moore said.
+   "The cost of failure is beyond calculation. It is our last
+hope and best opportunity this century. We will not get another
+chance before the year 2000," he added.
+    The ministers are in New Zealand to review world trade
+since the "Uruguay round" talks last September. The talks are 
+also part of preparations for a full-scale June meeting of the
+General Agreement on Tariffs and Trade (GATT) in Venice.
+    The Uruguay meeting is considered by most countries to have
+been particularly successful, with northern hemisphere
+countries managing to have service industries such as banking
+and insurance included in the next full round.
+    The southerners' goal of including agricultural and
+tropical products also was met.
+    The meeting at this North Island tourist resort is
+described by participants as informal and no declaration is
+expected.
+    Moore said one aim was to "instil a sense of political
+urgency to avert potential economic tragedy."
+    Another was to seek ways of popularising freer trade to
+people who felt the pain of readjustment but could not see the
+benefits, as well as preventing "bush fires of confrontation
+while we proceed with orderly negotiations."
+    The meeting is being attended by 25 overseas delegations
+including representatives of GATT and the Economic Community.
+    The delegates include U.S. Trade Representative Clayton
+Yeutter.
+    American sources say he is ready to state that the best way
+to reverse protectionist sentiment in the United States is to
+implement four key Uruguay proposals:
+    -- an end to agricultural subsidies;
+    -- inclusion of trade in services and investments in GATT
+regulations;
+    -- tightening of restrictions on pirating of so-called
+intellectual property such as trademarks, patents and
+copyrights;
+    -- new rules to resolve trade disputes among GATT's 92
+member states.
+    Earlier, New Zealand sources had said French Foreign Trade
+Minister Michel Noir had pulled out of the informal GATT talks
+for domestic political reasons.
+    Cabinet chief Bernard Prauge will lead the French
+delegation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13720" NEWID="8199">
+<DATE>23-MAR-1987 07:53:48.40</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0597&#31;reute
+b f BC-SWISS-SIGHT-DEPOSITS   03-23 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS SIGHT DEPOSITS RISE 743.7 MLN FRANCS</TITLE>
+<DATELINE>    ZURICH, March 23 - </DATELINE><BODY>Sight deposits of commercial banks at
+the Swiss National Bank rose 743.7  mln Swiss francs in the
+second 10 days of March to 8.40 billion, the National Bank
+said.
+    Foreign exchange reserves fell 392.1 mln francs to 33.55
+billion.
+    Sight deposits are a major indicator of money market
+liquidity in Switzerland.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13721" NEWID="8200">
+<DATE>23-MAR-1987 08:03:48.25</DATE>
+<TOPICS><D>coffee</D><D>ship</D></TOPICS>
+<PLACES><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0624&#31;reute
+u f BC-CASH-CRISIS-HITS-UGAN   03-23 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASH CRISIS HITS UGANDAN COFFEE BOARD</TITLE>
+<DATELINE>    KAMPALA, March 23 - </DATELINE><BODY>Uganda's state-run Coffee Marketing
+Board (CMB) has been suffering a cash crisis for the past two
+months due to a bottleneck in export shipments and
+administrative delays in handling payments, trade sources said.
+    The CMB needs between 10 and 15 billion shillings (the
+equivalent of seven to 10 mln dlrs) to pay farmers and
+processors for coffee already delivered, but its present export
+revenue is insufficient to cover such expenditure, they said.
+    The board's cash crisis has serious implications for the
+economy as a whole, since coffee accounts for 95 pct of
+Uganda's total exports.
+    The CMB's financial difficulties first started in January
+following delays in rail-freighting export consignments of
+coffee to the ports of Mombasa, Dar es Salaam and Tanga.
+    These delays were caused by a shortage of railway wagons in
+Uganda and bottlenecks on the ferries which transport Ugandan
+wagons across Lake Victoria to link up with the Kenyan and
+Tanzanian railway systems, the sources said
+    Marketing Minister John Sebaana-Kizito publicly
+acknowledged on February 19 that the CMB had run up arrears to
+local suppliers as a result of the shortage of transport for
+moving exports.
+    Sebaana-Kizito said at the time that the payments squeeze
+would be resolved in two weeks.
+    However, an accident to the rail ferry which plies between
+the Ugandan lake port of Jinja and Kisumu in Kenya put it out
+of action between February 21 and March 15, causing fresh
+delays in cargo movements.
+    Coffee exports are especially sensitive to the disruption
+of rail transport since president Yoweri Museveni has banned
+their haulage by road in a drive to save transport costs.
+    Transport difficulties meant that by early February the CMB
+was holding unsold coffee stocks of around 750,000 bags.
+    These stocks were equivalent to one quarter of Uganda's
+expected three mln 60-kilo bag 1986/87 (October-September)
+crop, the sources said.
+    According to the sources, the board's financial problems
+have been aggravated by long delays in processing export
+receipts.
+    The coffee board was taking about eight weeks to recycle
+export receipts into payments to local producers, whereas
+export bills handled by local banks took half that time to
+process, they said.
+    The sources said the CMB's price structure had been
+overtaken by Uganda's high inflation rate, unofficially
+estimated at about 200 pct, and that this was a further
+disincentive to producers, already owed large arrears.
+    "The coffee pricing structure is wrong and three months
+behind, the foreign exchange rate is unrealistic, and the
+sooner the so-called economic package is put in top gear, the
+better for the coffee industry and the economy as a whole," one
+of the sources said.
+    The government is currently negotiating a package of
+economic reforms with the World Bank and International Monetary
+Fund aimed at underpinning a renewed inflow of foreign aid to
+help Uganda's economic recovery after 15 years of political
+strife.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13722" NEWID="8201">
+<DATE>23-MAR-1987 08:11:04.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0660&#31;reute
+r f BC-ECONOMIST-CALLS-BRAZI   03-23 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ECONOMIST CALLS BRAZIL DEBT REQUEST MODEST</TITLE>
+<DATELINE>    SAN FRANCISCO, March 23 - </DATELINE><BODY>Brazil's attempt to seek better
+terms for paying off its 109 billion dlr foreign debt is
+responsible and modest, a former chairman of President Reagan's
+Council of Economic Advisers said.
+    "I think that what Brazil is calling for -- limiting its
+debt payments to two and one half pct of GNP -- is a
+responsible request on their part," economist Martin Feldstein
+said at a weekend news conference.
+    "It requires additional money on the part of the banks, but
+rather modest additional amounts."
+    Feldstein is attending the annual meeting of the Trilateral
+Commission, a foreign policy group of more than 300 business
+and government leaders from North America, Europe and Japan.
+    Feldstein, one of four members of a task force on Third
+World debt, said that Brazil's request would mean an additional
+credit of three billion to four billion dlrs from banks and
+international agencies.
+    "Brazil's debt would increase in dollar terms but remain
+constant in real terms. The four billion dlr increase in
+Brazil's 100 billion dlr debt would represent no increase in
+the real inflation-adjusted size of its liability," he said.
+    Feldstein said he believed current Third World debt
+problems were less serious than those faced by the
+international monetary system in 1983 and 1985.
+    However, the European representative on the task force,
+Herve de Carmoy, chief executive international for Midland Bank
+PLC, disagreed.
+    He called the present situation more difficult and, in a
+draft proposal included in the task force's report, suggested
+setting up an institution, possibly within the World Bank, with
+a fund that could deal with a future debt crisis.
+    Commission discussions were closed to reporters but it was
+apparent from the news conference that task force members did
+not agree on all points in their report.
+    One point of agreement, Feldstein said, was that debtor
+countries would need additional credit in the coming years if
+they are to enjoy satisfactory growth.
+    Feldstein said the task force, which also included Koei
+Narusawa, economic adviser to the president of the Bank of
+Toyko, and Paul Krugman, professor of economics at the
+Massachusetts Institute of Technology, did not agree on how
+much credit would be needed.
+    He said they also did not reach a consensus on how willing
+international banks, particularly those in Japan and Europe,
+would be to lend the money.
+    The Trilateral Commission was set up in 1973 by David
+Rockefeller, former head of Chase Manhattan bank, and others to
+promote closer cooperation among the three regions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13723" NEWID="8202">
+<DATE>23-MAR-1987 08:11:52.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0666&#31;reute
+r f BC-U.S.,-LATIN-NATIONS-D   03-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., LATIN NATIONS DELAY DECISION ON IADB</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>The United States and major Latin
+American nations agreed to set aside sharp differences over
+control of the Inter-American Development Bank (IADB) and
+reconsider the issue this summer.
+    The bank's policy-making board of governors, meeting here
+ahead of this week's IADB annual meetings, put off any
+decisions when it became apparent differences between
+Washington and the Latin countries ware too great.
+    IADB officials said Washington had indicated, however, it
+might be prepared to compromise in the future.
+    The United States is the principal donor nation and has
+pressed the bank, controlled by the Latin American borrowing
+nations, to cede virtual veto power over loans to Washington.
+    The Reagan administration wants to make the bank part of
+its controversial strategy to resolve the debt crisis.
+    The U.S. Plan calls for loans from multilateral banks like
+the IADB to be tied to economic reforms in debtor nations which
+would promote open markets, reduced government intervention and
+inflation-free economic growth.
+    Brazil, which declared an interest payments moratorium last
+month, is leading a challenge to Washington's strategy and
+officials here obviously feared any decisions that might deepen
+rifts between the United States and Third World nations.
+    IADB officials also said Washington hinted at future
+compromise. "The U.S. Said it remains hopeful they can reach an
+agreement and expressed optimism that such a consensus could be
+reached," said an official who asked not to be named.
+    Washington has threatened to scuttle a 20-25 billion dlr,
+four-year capital replenishment for the bank if the veto issue
+is not resolved.
+    But it has asked Congress to give it authority to finance
+its one-third share in the event agreement on voting power is
+reached. The United States controls 34.5 pct of the vote and
+wants a loan veto to exist at the 35 pct level.
+    Currently, a simple majority can approve or disapprove
+loans giving the borrowing nations control of the purse strings
+and resulting in loan conditions too lax for Washington's
+taste.
+    The U.S. Strategy for dealing with the debt crisis is
+expected to be repeated by Treasury Secretary James Baker in a
+speech to the bank's annual meeting today (Monday).
+    But monetary sources expect Baker to suggest the United
+States has some room for compromise and also to fend off other
+challenges to its strategy by signalling Washington is open to
+innovative solutions to the debt problem.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13724" NEWID="8203">
+<DATE>23-MAR-1987 08:16:09.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>ecuador</D><D>peru</D><D>nicaragua</D><D>bolivia</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0679&#31;reute
+u f BC-BAKER-EXPECTED-TO-DEF   03-23 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER EXPECTED TO DEFEND DEBT STRATEGY</TITLE>
+<AUTHOR>     By Peter Torday, Reuters</AUTHOR>
+<DATELINE>     MIAMI, March 23 - </DATELINE><BODY>Treasury Secretary James Baker, facing
+the toughest challenge to his Third World debt plan so far, is
+expected today to stoutly defend the strategy.
+     At an opening address to the annual meeting of the
+Inter-American Development Bank here Baker is likely once again
+to bluntly reject alternative approaches like wholesale debt
+relief.
+     The speech comes after Washington delayed its bid to wrest
+control of IADB lending from Latin nations.
+     The Treasury Secretary is also expected, U.S. officials
+say, to portray that attempt as a crucial element in his plan
+to promote inflation-free economic growth, open markets, and a
+much-reduced government role in the economies of Latin America.
+     "We have already seen substantial progress," Baker said in
+a Miami Herald article and argued the plan was never meant to
+be a "quick fix".
+     But Brazil, Ecuador, Peru, Nicaragua and Bolivia have all
+ceased servicing some or all of their debt. Brazil's interest
+payments moratorium, announced last month, is being seen as a
+major challenge to the Baker plan.
+     Owing foreigners 109 billion dlrs, Brazil called an
+indefinite interest payments moratorium on 68 billion dlrs of
+commercial bank debt.
+     Brazilian Central Banker Francisco Gros met bankers last
+night to begin what U.S. officials predict will be months of
+extremely tough negotiations.
+     The scale of the problem is immense. Owing some 382
+billion dlrs of foreign debt, Latin nations have since the
+start of the decade paid out some  200 billion dlrs in interest
+and principal and received about 28 billion dlrs in new loans.
+     In addition, upwards of 100 billion dlrs in capital flight
+is estimated to have left the region during that time.
+     The Baker plan, unveiled in October, 1985, calls on
+commercial and multilateral banks to increase lending by about
+29 billion dlrs in the three subsequent years to the 15 major
+debtors engaging in fundamental economic reform.
+     The theory runs that once a debtor nation has reformed its
+economy, it can service its debt comfortably and without an
+atmosphere of crisis.
+     U.S. officials emphasize some 8.5 billion dlrs has been
+paid out in the first 14 months of the plan, payments of over
+70 billion dlrs of debt has been stretched out into the future 
+and Washington  is embracing new and innovative ideas to keep
+debtor-creditor negotiations afloat.
+     Baker is expected to underscore these points in his
+address today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13725" NEWID="8204">
+<DATE>23-MAR-1987 08:17:42.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0683&#31;reute
+u f BC-GENERAL-PARTNERS-IN-G   03-23 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL PARTNERS IN GENCORP &lt;GY> PROXY FIGHT</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>General Partners, the group tendering
+for all GenCorp Inc shares at 100 dlrs each, said it has
+started soliciting proxies against GenCorp's proposals to
+increase its number of authorized shares outstanding, create a
+board with staggered election dates and eliminate cumulative
+voting.
+    The proposals are to be voted on at the March 31 annual
+meeting.
+    General Partners, a partnership of privately-held &lt;Wagner
+and Brown> and AFG Industries Inc &lt;AFG>, made the disclosure in
+a newspaper advertisement.
+    The partnership has already filed suit in U.S. District
+Court in Columbus, Ohio, seeking to block a vote on the
+proposals and to invalidate GenCorp's defensive preferred share
+purchase rights.
+    General Partners asked shareholders to either vote against
+the proposals or abstain from voting on them.                  
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13726" NEWID="8205">
+<DATE>23-MAR-1987 08:18:26.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0686&#31;reute
+u f BC-USAIR-&lt;U>-CUTS-PIEDMO   03-23 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> CUTS PIEDMONT &lt;PIE> SHARES SOUGHT</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>USAir Group Inc said it has amended
+its 69 dlr per share tender offer for shares of Piedmont
+Aviation Inc to reduce the maximum number it will accept to
+9,309,394. Previously it had sought all shares.
+    In a newspaper advertisement, USAir said the offer and
+withdrawal rights have not been extended and will still expire
+April 3, along with the new proration period.
+    On Friday, the U.S. Department of Transportation approved
+USAir's acquisition of 51 pct of Piedmont. If USAir were to
+acquire more than 51 pct in the tender, it would be required to
+sell the excess within one week.
+    USAir said receipt of the 9,309,394 shares -- which is also
+the minimum amount it will accept -- would give it a total of
+about 61 pct of Piedmont shares currently outstanding and 50.1
+pct on a fully diluted basis.
+    The company said even if the purchase of the 9,309,394
+Piedmont shares caused it to exceed the 51 pct limit, USAir
+would waive the condition to the offer that the Transportation
+Department approve a voting trust agreement permitting USAir to
+buy and hold shares under the offer pending review of USAir's
+application to gain control of Piedmont, subject to the order
+not being rescinded or modified in an adverse way.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13727" NEWID="8206">
+<DATE>23-MAR-1987 08:20:02.46</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>unctad</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0689&#31;reute
+r f PM-RUBBER   03-23 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW RUBBER PACT ADOPTED AT GENEVA CONFERENCE</TITLE>
+<DATELINE>    GENEVA, March 23 - </DATELINE><BODY>Producers and consumers representing
+most of world trade in natural rubber adopted a new
+International Natural Rubber Agreement (INRA) aimed at
+stabilizing world prices over the next five years.
+    Negotiations for a new INRA, to succeed the present one
+which runs out next October, began nearly two years ago.
+    Agreement on the new five-year pact, which uses a buffer
+stock to keep prices stable by selling or buying rubber as
+rates rise or fall, was reached at a two-week session here
+under the auspices of the United Nations Conference on Trade
+and Development (UNCTAD).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13728" NEWID="8207">
+<DATE>23-MAR-1987 08:27:01.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0696&#31;reute
+r f AM-TAX   03-23 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSTENKOWSKI QUERIES IDEA OF U.S. SECURITIES TAX</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 23 - </DATELINE><BODY>House Ways and Means chairman
+Dan Rostenkowski said he questioned whether a U.S. tax on
+securities transactions would be appropriate.
+    The Illinois Democrat told Reuters before addressing the
+Future Industry Association that such a tax may impair the
+international competitiveness of the U.S. securities business.
+House Speaker James Wright has said a tax on securities
+transactions could help reduce the federal deficit.
+    Rostenkowski said he understood that the U.K. is exploring
+the possibility of easing its tax burden on securities firms.
+Thus, a new U.S. tax would be especially hard felt here.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13729" NEWID="8208">
+<DATE>23-MAR-1987 08:27:51.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0703&#31;reute
+r f BC-(CORRECTED)---BANCO-D   03-23 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED) - BANCO DI ROMA UNIT ARRANGES</TITLE>
+<DATELINE>    LONDON, March 20 - </DATELINE><BODY>Banco di Roma (London branch) has
+arranged a 200 mln dlr Euro-certificate of deposit program,
+Swiss Bank Corporation International Ltd said as sole dealer.
+    The borrower also will have the option to issue
+certificates in other available currencies, including sterling.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13730" NEWID="8209">
+<DATE>23-MAR-1987 08:29:24.79</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0710&#31;reute
+u f BC-STUDY-SAYS-OIL-PRICE   03-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STUDY SAYS OIL PRICE FALL SPURS BANKRUPTCIES</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The sharp drop in world oil prices
+the past year triggered a 60 pct increase in bankruptcies in
+the country's oil states, according to a study released by the
+American Petroleum Institute (API).
+    API said the Dunn and Bradstreet study found that business
+failures rose nationally by 6.9 pct in 1986 over 1985, but in
+the "oil patch" of the Southwest the increase was 59.9 pct.
+    It said bankruptcies in Texas were up 57.4 pct, Oklahoma,
+55.9 pct, Colorado, 55.8 pct and Louisiana, 46.6 pct.
+    In Alaska, failures rose by 66.2 per cent, it said.
+    API also said that three of the states with the highest
+number of bank failures last year were large oil and gas
+producers - Texas, Oklahoma and Kansas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13731" NEWID="8210">
+<DATE>23-MAR-1987 08:31:25.03</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D><D>australia</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0720&#31;reute
+r f BC-WORLD-DEPENDENCY-ON-M   03-23 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD DEPENDENCY ON MIDEAST OIL SAID INEVITABLE</TITLE>
+<AUTHOR>    By TED d'AFFLISIO, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>The world's dependency on the Mideast
+as the source for its petroleum is growing and nothing is going
+to stop it, Donald K. McIvor, an Exxon Corp &lt;XON> Director and
+senior vice president told Reuters in an interview.
+    "Non-OPEC production will begin to decline and the gap
+between demand and supply will widen so that the trend to
+increasing dependence on OPEC and the Middle East is
+inevitable," McIvor said.
+    Decreased supplies will firm prices for crude oil but are
+not likely to change a growing dependence, McIvor said.
+    McIvor, Exxon's senior vice president responsible for oil
+and gas exploration and production said that dependence would
+result from the Mideast's large spare capacity at a time when
+the rest of the world consumes more oil than it was finding.
+    "Since 1970 we've been consuming oil at rates of 20-25
+billion barrels per year while making new discoveries of only
+about 10-15 bilion barrels per year," McIvor said.
+    "The bulk of the inventory and more than half of the
+remaining proved reserves lies in the middle east which is
+producing at much less than current capacity," he added.
+    McIvor said that of the some 30,000 oil fields discovered
+so far only 37 "one-one thousandth of the total number contained
+about 35 pct of all the oil ever discovered."
+    McIvor said, in response to a question, that he did not
+believe there were any more "super giants", or oil fields with
+reserves greater than five billion barrels, to be found which
+would change the conclusion of the world's growing dependency.
+    "Of those 37 super giants only 11 lie outside the Middle
+East. Only five of the 37 have been discovered in the past 20
+years and only two of these lie outside the middle east
+(Cantarell in Mexico and Alaska's North Slope)." McIvor said.
+    McIvor said that many of the large fields outside the U.S.
+like Alaska's Prudhoe Bay and the North Sea were reaching a
+peak and would soon begin to decline.
+    But the Exxon executive said that there were still plenty
+of opportunities to be explored and developed outside of the
+Middle east, particulartly in Canada, the North Sea, and
+Australia and Africa.
+    McIvor said that decisions to explore and drill in those
+areas would be depedent upon both the expectations of a higher
+price of oil as well as the legal regime affecting the
+companies.
+    "The ideal regime is a stable one not one where there is a
+constant change in policies," McIvor said.
+    McIvor said he opposed import subsidies or tariffs used to
+increase exploration as these only benefit one part of the
+economy at the expense of other parts of the economy.
+    Asked about the options offered this week by U.S. Energy
+Secretary Herrington to increase U.S. production McIvor said he
+could not comment on subjects like the oil depletion allowance
+now but "the thrust of his (Herrington) report is valid. It has
+highlighted the growing dependency on the Middle east and the
+need to increase U.S. production."
+    McIvor also said that he expected natural gas to play a
+greater role in the future in meeting energy needs.
+    "Natural gas will have the opportunity to become an
+increasingly important part of the worlkd's energy supply,"
+McIvor said.
+    "Crude oil will be used more and more as a transportation
+fuel and natural gas will be used more to generate heat, as an
+industrial fuel," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13732" NEWID="8211">
+<DATE>23-MAR-1987 08:31:59.61</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0724&#31;reute
+u f BC-S.-AFRICAN-CONSUMER-P   03-23 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICAN CONSUMER PRICE INFLATION RISES SLIGHTLY</TITLE>
+<DATELINE>    PRETORIA, March 23 - </DATELINE><BODY>South African year-on-year consumer
+price inflation rose slightly to 16.3 pct in February after
+falling sharply to 16.1 pct in January from 18.1 pct in
+December, Central Statistics Office figures show.
+    The monthly rise in the all items index (base 1980) was
+1.09 pct to 251.0 in February after a 1.4 pct increase to 248.3
+in January.
+    A year ago the index stood at 215.8 and year on year
+consumer price inflation at 18.05 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13733" NEWID="8212">
+<DATE>23-MAR-1987 08:36:50.99</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0748&#31;reute
+u f BC-FINLAND-FEBRUARY-TRAD   03-23 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINLAND FEBRUARY TRADE SURPLUS AT 641 MLN MARKKA</TITLE>
+<DATELINE>    HELSINKI, March 23 - </DATELINE><BODY>Finland had a 641 mln markka trade
+surplus in February following an 80 mln markka surplus in
+January and a 614 mln surplus in February 1986, Customs Board
+preliminary figures showed.
+    Exports in February were 6.38 billion markka and imports
+5.74 billion compared with exports of 6.72 billion and imports
+of 6.64 billion in January and exports of 6.92 billion and
+imports of 6.31 billion in February last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13734" NEWID="8213">
+<DATE>23-MAR-1987 08:40:42.08</DATE>
+<TOPICS><D>grain</D><D>barley</D><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0752&#31;reute
+u f BC-WEST-GERMAN-BARLEY,-R   03-23 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN BARLEY, RAPE AFFECTED BY WINTER KILL</TITLE>
+<DATELINE>    HAMBURG, March 23 - </DATELINE><BODY>Winter kill has probably affected West
+German winter barley and rapeseed to an above average degree
+this season, West German grain trader Alfred C. Toepfer said in
+its latest report.
+    It is too soon to assess the extent of the damage, but it
+is likely that northern West German crops are particularly at
+risk because of insufficient snow cover, it said.
+    The soil needs to warm up rapidly and moisture content must
+improve to avoid further delays to spring field work, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13735" NEWID="8214">
+<DATE>23-MAR-1987 08:47:20.72</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0757&#31;reute
+u f BC-N.Z.-PORTS-REOPEN,-BU   03-23 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. PORTS REOPEN, BUT FURTHER DISRUPTION LIKELY</TITLE>
+<DATELINE>    WELLINGTON, March 23 - </DATELINE><BODY>New Zealand ports reopened at 0730
+hrs local time (1930 GMT March 22) after being closed since
+March 19 because of a strike over pay claims by watersiders, a
+Waterside Federation spokesman said.
+    But industrial action by other port workers is likely to
+cause further disruption, Harbour Workers union secretary Ross
+Wilson told Reuters.
+    Wilson said his members are holding stopwork meetings this
+morning to consider further stoppages over their pay claim.
+    The two disputes are not related.
+    Harbour Workers around the country went on strike for 24
+hours on March 16, but Wilson said any further action will
+occur on a port-by-port basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13736" NEWID="8215">
+<DATE>23-MAR-1987 08:47:55.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sierra-leone</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0759&#31;reute
+u f BC-SIERRA-LEONE-COUP-ATT   03-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIERRA LEONE COUP ATTEMPT FAILED</TITLE>
+<DATELINE>    FREETOWN, March 23 - </DATELINE><BODY>Forces loyal to President Joseph Momoh
+foiled an attempted coup apparently led by senior police
+officers in Sierra Leone, government sources said.
+    The revolt included an unsuccessful raid on a Freetown
+military arsenal during which a police officer's driver was
+shot dead, they said. Police sources said a senior policeman
+was arrested on suspicion of leading the coup attempt.
+    There were no immediate reports in the official news media.
+    Police and troops patrolled the centre of the capital and
+there was no sign of further trouble.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13737" NEWID="8216">
+<DATE>23-MAR-1987 08:49:52.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>boesky</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0763&#31;reute
+u f BC-LIMITED-PARTNERS-SUE   03-23 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIMITED PARTNERS SUE BOESKY</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>A group of limited partners has filed
+suit in U.S. District Court in New York against Ivan F. Boesky
+and others, alleging that Boesky deceived them into investing
+in his partnership Ivan F. Boesky and Co LP through the
+preparation of deceptive partnership documents.
+    The suit also names as defendants &lt;Drexel Burnham Lambert
+Inc>, investment banker for the partnership, law firm Fried,
+Frank, Harris, Shriver and Jacobson and its attorney Stephen
+Fraidin, and financial services company Seligmann Harris and
+Co, as well as former Drexel investment bankers Dennis A.
+Levine and Martin A. Siegel.                           
+    Levine and Siegel have already pleaded guilty to insider
+trading violations, as has Boesky.
+    The suit alleges that partnership documents prepared by the
+law firm were misleading because they failed to disclose the
+criminal violations to which Boesky later pleaded guilty.
+Seligman helped recruit investors to the partnership, according
+to the suit.
+    The suit said the papers failed to disclose Drexel's
+financial interests in the partnership.  It also said Boesky
+failed to meet a pledge to invest at least 20 mln dlrs in the
+partnership.
+    The suit seeks an unspecified amount of damages from the
+partnership and Boesky and damages from Fried, Frank and
+Fraidin.
+    The plaintiffs include Home Group Inc &lt;HME>, Lincoln
+National Corp &lt;LNC>, a number of other institutional investors
+and recently-named Morgan Stanley Group Inc &lt;MS> asset
+management unit senior advisor Lewis Lehrman.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13738" NEWID="8217">
+<DATE>23-MAR-1987 08:56:47.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0777&#31;reute
+d f BC-&lt;MICROTEL-INC>-MAKES   03-23 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MICROTEL INC> MAKES ACQUISITION</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 23 - </DATELINE><BODY>Microtel Inc said it has
+completed the acquisition of &lt;American Teledata Corp> and its
+US Dial subsidiary, which provide long distance telephone
+service in northeast Florida. Terms were not disclosed.
+    Microtel's shareholders include Norfolk Southern Corp
+&lt;NSC>, M/A-Com Inc &lt;MAI>, Centel Corp &lt;CNT>, Alltel Corp &lt;AT>
+and E.F. Hutton Group Inc &lt;EFH>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13739" NEWID="8218">
+<DATE>23-MAR-1987 09:00:35.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0786&#31;reute
+f f BC-******JAMESWAY-CORP-S   03-23 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JAMESWAY CORP SETS 2-FOR-1 STOCK SPLIT, UPS CASH PAYOUT 33 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13740" NEWID="8219">
+<DATE>23-MAR-1987 09:02:35.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0790&#31;reute
+d f BC-&lt;AMERICAN-VARIETY-INT   03-23 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AMERICAN VARIETY INTERNATIONAL INC> NINE MTHS</TITLE>
+<DATELINE>    LOS ANGELES, March 23 - </DATELINE><BODY>March 31, 1986 end
+    Shr loss seven cts vs loss 11 cts
+    Net loss 76,888 vs profit 106,885
+    Revs 752,234 vs 922,036
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13741" NEWID="8220">
+<DATE>23-MAR-1987 09:08:30.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0802&#31;reute
+r f BC-AMERICAN-VARIETY-ACQU   03-23 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN VARIETY ACQUISITION PACT TERMINATED</TITLE>
+<DATELINE>    LOS ANGELES, March 23 - </DATELINE><BODY>&lt;American Variety International
+Inc> said its agreement to acquire &lt;First National
+Entertainment Corp> has been terminated because First National
+was not able to fulfill terms of the agreement.
+    It said due to protracted negotiations with First National,
+several American Variety divisions were inoperative in 1986.
+    American Variety said it is reevaluating its record and
+tape library for possible conversion to compact discs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13742" NEWID="8221">
+<DATE>23-MAR-1987 09:12:39.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0809&#31;reute
+u f BC-JAMESWAY-&lt;JMY>-SETS-S   03-23 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMESWAY &lt;JMY> SETS SPLIT, HIGHER CASH PAYOUT</TITLE>
+<DATELINE>    SECAUCUS, N.J., March 23 - </DATELINE><BODY>Jamesway Corp said its board
+declared a two for one stock split and increased the quarterly
+cash dividend by 33 pct.
+    The company said the dividend on the pre-split shares was
+increased to four cts from three cts.
+    It said both the split and the dividend are payable May 23
+to holders of record April 20, adding the company will have
+about 13,860,000 shares outstanding after the split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13743" NEWID="8222">
+<DATE>23-MAR-1987 09:15:59.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0817&#31;reute
+b f BC-HARPER/ROW-&lt;HPR>-GETS   03-23 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARPER/ROW &lt;HPR> GETS EXPRESSIONS OF INTEREST</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Harper and Row Publishers Inc said its
+special committee of independent directors has received
+expressions of interest from a considerable number of domestic
+and foreign firms with respect to restructuring or acquisition
+transactions with the company.
+    Winthrop Knowlton, chairman of special committee said "no
+determination has been made by the full board as to any
+transaction."
+    He said the special committee and Kidder Peabody and Co Inc
+intend to engage in discussions with interested parties in an
+effort to come to a conclusion in the near future.
+    Formation of the special committee was announced early last
+week when Harper and Row said its board had taken no action on
+two pending acquisition proposals.
+    At that time, directors also indefinately postponed a
+planned special shareholders vote on a restructuring proposal
+which would have created a Class B common with 10 votes a share
+and limited transferability.
+    The acquisition proposals had come from Theodore L. Cross,
+owner of about six pct of the company's stock who offered 34
+dlrs a share, and Harcourt Brace Jovanovich Inc &lt;HBJ>, which
+offered 50 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13744" NEWID="8223">
+<DATE>23-MAR-1987 09:17:49.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0822&#31;reute
+f f BC-******HUMANA-INC-2ND   03-23 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HUMANA INC 2ND QTR SHR 44 CTS VS 54 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13745" NEWID="8224">
+<DATE>23-MAR-1987 09:18:09.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0823&#31;reute
+u f BC-FRUIT/LOOM-&lt;FTL>-TO-S   03-23 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRUIT/LOOM &lt;FTL> TO SELL UNIT FOR 145 MLN DLRS</TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>Fruit of the Loom Inc said it agreed to
+sell its General Battery Corp subsidiary to Exide Corp for
+about 145 mln dlrs in cash.
+    The proposed sale will complete Fruit of the Loom's
+previously announced plan to divest itself of unrelated
+businesses.
+    Proceeds from the proposed transaction are more than the
+price projected in the company's recent initial public
+offering, it said.
+    Completion of the transaction is subject to a definitive
+agreement, regulatory approvals, financing and certain other
+conditions and is expected to close May one, 1987, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13746" NEWID="8225">
+<DATE>23-MAR-1987 09:23:51.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0830&#31;reute
+r f BC-CITYQUEST-MAKES-120-M   03-23 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITYQUEST MAKES 120 MLN STG BID FOR WICKES</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>&lt;Cityquest Plc>, a newly formed company,
+is making a recommended 120 mln stg offer for builders
+merchants and DIY (do-it-yourself) company &lt;Wickes Plc>, Wickes
+said in a statement.
+    Undertakings to accept what is effectively a management
+buyout have been accepted by holders of 88.9 pct of the shares.
+    The statement said the offer was due to a decision by
+Wickes International Corp, a member of the U.S. Wickes
+Companies &lt;WIX.A> Inc group, which holds an 80.5 pct stake, to
+realise much of its investment.
+    The offer would enable Wickes to become fully independent
+and once the bid succeeded all the Wickes directors would
+become members of the Cityquest board.
+    The offer will be of 345p cash for every Wickes share.
+Wickes was last quoted at 345p compared with 275p at Friday's
+close.
+    Wickes shareholders will also have the option of taking one
+Cityquest share or 205p in loan notes for every 205p of the
+cash consideration.
+    Henry Sweetbaum is chairman and chief executive of both
+Cityquest and Wickes, and it was intended that Cityquest's name
+would be changed to Wickes in due course.
+    Wickes came to the U.K. Unlisted Securities Market in
+January, 1986 with a capitalisation of about 96 mln stg.
+    Cityquest has a fully paid share capital of one mln stg. S
+G Warburg Securities has organised commitments from a group of
+investors to subscribe for 65 mln stg in shares and 28.2 mln
+stg in subordinated convertible loan stock. Lead investor is
+Investors in Industry Plc
+    Cityquest also has loan facilities of 30 mln stg.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13747" NEWID="8226">
+<DATE>23-MAR-1987 09:25:46.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0836&#31;reute
+u f BC-HUMANA-INC-&lt;HUM>-2ND   03-23 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUMANA INC &lt;HUM> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    LOUISVILLE, Ky., March 23 -
+    </DATELINE><BODY>Shr 44 cts vs 54 cts
+    Net 42.9 mln vs 53.7 mln
+    Revs 983.3 mln vs 858.8 mln
+    Six mths
+    Shr 85 cts vs 1.11 dlrs
+    Net 83.1 mln vs 109.8 mln
+    Revs 1.91 billion vs 1.66 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13748" NEWID="8227">
+<DATE>23-MAR-1987 09:26:12.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0838&#31;reute
+r f BC-WINCHELL'S-DONUT-&lt;WDH   03-23 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINCHELL'S DONUT &lt;WDH> SETS INITIAL QUARTERLY</TITLE>
+<DATELINE>    LA MIRADA, Calif., March 23 - </DATELINE><BODY>Winchell's Donut Houses LP
+said it has declared an initial quarterly dividend of 45 cts
+per unit on Class A and Class B limited partnership units,
+payable May 29 to holders of record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13749" NEWID="8228">
+<DATE>23-MAR-1987 09:26:22.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0839&#31;reute
+r f BC-TANDON-&lt;TCOR>-GETS-50   03-23 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDON &lt;TCOR> GETS 50 MLN DLR CONTRACT</TITLE>
+<DATELINE>    CHATSWORTH, Calif., March 23 - </DATELINE><BODY>Tandon Corp said it has
+agreed in principle to sell to personal computer maker &lt;Amstrad
+PLC> during 1987 about 50 mln dlrs of 20 megabyte Winchester
+disk drives.
+    It said shipments have already begun and about 30 mln dlrs
+of the drives are scheduled for delivery during the first half.
+ The drives are in half-height configuration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13750" NEWID="8229">
+<DATE>23-MAR-1987 09:26:35.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0840&#31;reute
+r f BC-TRITON-GROUP-LTD-&lt;TRR   03-23 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRITON GROUP LTD &lt;TRRO> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    LA JOLLA, Calif., March 23 -
+    </DATELINE><BODY>Oper shr profit nil vs loss nil
+    Oper net profit 671,000 vs loss 138,000
+    Sales 104.3 mln vs 70.8 mln
+    Avg shrs 101.2 mln vs 66.8 mln
+    Year
+    Oper shr profit six cts vs profit five cts
+    Oper net profit 6,309,000 vs profit
+    5,144,000
+    Sales 349.8 mln vs 303.4 mln
+    Avg shrs 85.0 mln vs 76.3 mln
+    NOTE: Net excludes discontinued operations nil vs gain
+196,000 dlrs in quarter and loss 293,000 dlrs vs gain 407,000
+dlrs in year.
+    Net excludes tax loss carryforward 1,423,000 dlrs vs
+reversal of tax credit 625,000 dlrs in quarter and credits
+5,437,000 dlrs vs 7,261,000 dlrs in year.
+    Results include U.S. Press Inc from November Three
+acquisition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13751" NEWID="8230">
+<DATE>23-MAR-1987 09:26:46.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0841&#31;reute
+r f BC-BLOCKBUSTER-&lt;BBEC>-UN   03-23 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLOCKBUSTER &lt;BBEC> UNIT SIGNS EXCLUSIVE LICENSE</TITLE>
+<DATELINE>    DALLAS, March 23 - </DATELINE><BODY>Blockbuster Entertainment Corp said its
+Blockbuster Distribution Corp unit granted an exclusive license
+agreement to &lt;Video Superstore Management Inc>.
+    Blockbuster said the license gives Video the right to own
+and operate its Blockbuster Videos Rental Superstores for the
+Milwaukee, Wis., area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13752" NEWID="8231">
+<DATE>23-MAR-1987 09:27:02.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0843&#31;reute
+r f BC-&lt;AMPLICON-INC>-FILES   03-23 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AMPLICON INC> FILES FOR INITIAL OFFERING</TITLE>
+<DATELINE>    SANTA ANA, Calif., March 23 - </DATELINE><BODY>Amplicon Inc said it has
+filed for an initial public offering of 1,650,000 common shares
+through underwriters led by &lt;Kidder, Peabody and Co Inc> and
+E.F. Hutton Group Inc &lt;EFH> at an expected price of 12 to 14
+dlrs per share.
+    The company well sell 1,400,000 shares and shareholders the
+rest, with company proceeds used to finance growth in its
+financing and leasing portfolio and for working capital. 
+Amplicon leases and sells business computers and peripherals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13753" NEWID="8232">
+<DATE>23-MAR-1987 09:27:09.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0844&#31;reute
+d f BC-SUN-MICROSYSTEMS-&lt;SUN   03-23 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN MICROSYSTEMS &lt;SUNW> CONTRACT EXTENDED</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., March 23 - </DATELINE><BODY>Sun Microsystems Inc said
+it has received a one-year 15 mln dlr renewal of its agreement
+to provide Interleaf Inc &lt;LEAF> with Sun-3 technical
+workstations on an original equipment basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13754" NEWID="8233">
+<DATE>23-MAR-1987 09:27:21.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0845&#31;reute
+d f BC-HEWLETT-PACKARD-&lt;HWP>   03-23 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEWLETT-PACKARD &lt;HWP> BEGINS TEST SHIPMENTS</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Hewlett-Packard Co said it began
+limited customer shipments of its HP 3000 Series 930 business
+computer and remains on schedule for first commercial shipments
+in mid-1987.
+    Shipments of the higher-performance series 950 business
+computers are scheduled for the second half of this year, it
+said.
+    In September, the company postponed initial shipments of
+the Series 930 computer until mid-1987 because performance of
+the operating software system was below target.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13755" NEWID="8234">
+<DATE>23-MAR-1987 09:28:26.30</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0849&#31;reute
+d f BC-NIGERIA-CHANGES-AUCTI   03-23 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA CHANGES AUCTION RULES TO DEFEND NAIRA</TITLE>
+<DATELINE>    LAGOS, March 23 - </DATELINE><BODY>Nigeria's Central Bank has changed the
+rules governing its foreign exchange auctions in what analysts
+see as a means of defending the naira currency, which has
+depreciated steadily.
+    The bank said in a statement that from April 2, banks
+bidding for foreign exchange would have to pay at the rate they
+offered and not, as presently, at the rate of the lowest
+successful bid made at the auction.
+    This should discourage banks from bidding high to ensure
+that they were successful while paying the lower "marginal" rate,
+analysts said.
+    The Central Bank also announced the auctions would be
+fortnightly, not weekly, beginning on April 2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13756" NEWID="8235">
+<DATE>23-MAR-1987 09:28:49.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0850&#31;reute
+r f BC-REEBOK-INTERNATIONAL   03-23 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REEBOK INTERNATIONAL &lt;RBOK> GETS NEW PRESIDENT</TITLE>
+<DATELINE>    CANTON, Mass., March 23 - </DATELINE><BODY>Reebok International Ltd said it
+named C. Joseph LaBonte, 47, president and chief operating
+officer of the company.
+    LaBonte, former president and chief operating officer of
+20th Century Fox Film Corp, was more recently founder and chief
+executive officer of Vantage Group Inc, an investment and
+financial company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13757" NEWID="8236">
+<DATE>23-MAR-1987 09:29:07.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0851&#31;reute
+r f BC-AAR-CORP-&lt;AIR>-3RD-QT   03-23 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AAR CORP &lt;AIR> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    ELK GROVE VILLAGE, ILL., March 23 - 
+    </DATELINE><BODY>Shr 37 cts vs 32 cts
+    Net 3,892,000 vs 2,906,000
+    Sales 71.8 mln vs 64.5 mln
+    Nine mths
+    Shr 1.08 dlrs vs 91 cts
+    Net 10,946,000 vs 8,206,000
+    Sales 214.1 mln vs 179.4 mln
+    Avg Shrs 10.5 mln vs 9.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13758" NEWID="8237">
+<DATE>23-MAR-1987 09:29:25.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0852&#31;reute
+w f BC-TANDEM-COMPUTERS-&lt;TND   03-23 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDEM COMPUTERS &lt;TNDM> GETS INSTALLATION</TITLE>
+<DATELINE>    CUPERTINO, Calif., March 23 - </DATELINE><BODY>Tandem Computers Inc said
+Pacific Gas and Electric Co &lt;PCG> installed a Tandem computer
+system for on-line information management at the Diablo Canyon
+nuclear power plant near San Luis Obispo, Calif.
+    No value for installation of the Nonstop VLX system was
+given.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13759" NEWID="8238">
+<DATE>23-MAR-1987 09:31:03.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0856&#31;reute
+r f BC-PACIFIC-RESOURCES-&lt;PR   03-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC RESOURCES &lt;PRI> NAMED IN LAWSUIT</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Pacific Resources Inc said it has been
+named in a lawsuit filed in California by Aetna Casualty and
+Surety Co &lt;AET> relating to the 1984 Chapter 11 bankruptcy of
+Paramount Petroleum Corp (PPC), in which a PRI subsidiary had a
+40 pct stake.
+    Aetna is claiming up to 17 mln dlrs in compensatory damages
+and 30 mln dlrs in punitive damages against the defendants as a
+result of alleged acts to fraudulently induce Aetna to issue
+surety bonds for the benefit of PPC and its predecessor Pacific
+Oassis.
+    PRI said that the legal action against it lacks merit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13760" NEWID="8239">
+<DATE>23-MAR-1987 09:31:44.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0860&#31;reute
+u f BC-NIGERIA-OPENS-TALKS-W   03-23 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA OPENS TALKS WITH U.K. TO RESCHEDULE DEBT</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>Representatives from Nigeria are meeting
+today and tomorrow with officials of Britain's Export Credits
+Guarantee Department (ECGD) in the first of what could be a
+series of bilateral talks to reschedule Nigeria's official
+debts, banking sources said.
+    The talks follow an agreement reached between Nigeria and
+the Paris Club of western creditor governments in December to
+reschedule some 7.5 billion dlrs of medium and long-term debt
+due between September, 1986 and end 1987 over 10 years with
+five years grace. Nigeria's official debts to the U.K., Its
+major trading partner, are estimated at 2.5 to three billion
+dlrs.
+    If the talks prove successful, the Nigerian team, headed by
+Finance Minister Che Okongwu and Central Bank Governor
+Abdulkadir Ahmed, will hold similar talks with French export
+credit officials in Paris later this week, the sources said.
+    An agreement could pave the way for ECGD to resume
+insurance cover for exports to Nigeria, which was suspended in
+1983.
+    The rescheduling of Nigeria's official debts was one of the
+demands required under a rescheduling of part of the country's
+estimated 19 billion dlrs of commercial bank debt, for which
+agreement also was reached in December between Nigeria and a
+steering committee representing the commercial banks.
+    The commercial bank rescheduling has yet to be finalised
+because of the reluctance of Japanese banks to participate in
+the agreement, despite a recent trip to Japan by senior
+Nigerian officials and representatives of the steering
+committee.
+    The entire package also is being held up because of the
+need to reach an agreement to satisfy arrears due on short-term
+insured and uninsured debts. However, bankers are hopeful that
+an accord will be struck by May 31.
+    The Nigerians also are attempting to reconcile creditors'
+claims with their own receipts on some two billion dlrs of
+letters of credit contained in the commercial bank
+rescheduling.
+    Bankers said that it was hoped that the ECGD would resume
+cover fairly soon as this could encourage other official
+creditors to begin bi-lateral talks as well.
+    Under the structural adjustment program supporting the debt
+reschedulings Nigeria is due to receive 900 mln dlrs in fresh
+export credits this year from official export credit agencies.
+    British exports to Nigeria were 565 mln stg in 1986, down
+from 960 mln in 1985, while Nigeria's exports to Britain, which
+do not include oil, were 328 mln stg and 647 mln, respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13761" NEWID="8240">
+<DATE>23-MAR-1987 09:34:15.54</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0877&#31;reute
+u f PM-GATT-DEBT   03-23 0147</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT MEETING HEARS PLEA FOR AFRICAN DEBT RELIEF</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 23, Reuter - </DATELINE><BODY>Debt among African
+countries will continue to grow and their economies will remain
+stifled unless developed countries lower their interest rates,
+Nigerian Trade Minister Samaila Mamman said today.
+    He told an informal meeting of the General Agreement on
+Tariffs and Trade the widening gap between industrialized and
+developing countries and an unfair international economic
+system were major obstacles to growth in developing countries.
+    "I wish to emphasize that the growth in the volume of the
+external indebtedness of African countries reflects the full
+effect of the deflationary monetary and trade policies of the
+developed market economy countries," Mamman said.
+    Delegates from 23 countries are attending the talks of the
+world trade body in the New Zealand resort of Taupo.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13762" NEWID="8241">
+<DATE>23-MAR-1987 09:35:05.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0882&#31;reute
+u f BC-slaughter-guesstimate   03-23 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 295,000 to 305,000 head versus
+295,000 week ago and 305,000 a year ago.
+    Cattle slaughter is guesstimated at about 120,000 to
+125,000 head versus 114,000 week ago and 119,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13763" NEWID="8242">
+<DATE>23-MAR-1987 09:35:45.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>portugal</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0886&#31;reute
+u f BC-MACAO-PACT-DETAILS--R   03-23 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACAO PACT DETAILS  RELEASED AFTER THURSDAY SIGNING</TITLE>
+<DATELINE>    PEKING, March 23 - </DATELINE><BODY>Details of today's agreement to hand
+over Portuguese-ruled Macao to China will be released after the
+official signing in Peking on Thursday, Portuguese Ambassador
+to Peking Octavio Valerio said.
+    Valerio earlier told reporters that the tiny territory
+would be returned to Chinese rule on December 20, 1999, but
+gave no further details.
+    A statement issued today did not give details of the
+agreement as earlier expected.
+    "We are very happy with the results," Valerio said after four
+days of negotiations in the Chinese capital.
+    The talks were the fourth in a series on the Macao question
+and had been expected to focus on the status of the 40,000
+Portuguese passport-holders among Macao's 400,000 residents.
+    Asked if the issue of nationality after the Chinese
+takeover had been a problem in the talks, Valerio replied: "It
+was one of them."
+    China traditionally opposes granting dual nationality to
+its citizens and requires holders of foreign passports to give
+up their Chinese citizenship.
+    In Taipei, Taiwan said it would not recognise the
+agreement. A Foreign Ministry statement said: "We regard the
+agreement on the Macao issue as null and void."
+    It said: "Macao should be returned to the Republic of China
+on Taiwan because communist China, a rebel entity, has no right
+to represent China and all the Chinese people.
+    "The handover by the Portuguese government is in disregard
+of the freedom, welfare and safety of more than 400,000 Chinese
+people there. We will try our upmost to help and protect them."
+    Taiwan's Kuomintang (Nationalist) government claims to rule
+all China. It has no diplomatic relations with Portugal.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13764" NEWID="8243">
+<DATE>23-MAR-1987 09:36:16.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0888&#31;reute
+b f BC-ICN-PHARMACEUTICALS-&lt;   03-23 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICN PHARMACEUTICALS &lt;ICN> TO BUY BACK SHARES</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 23 - </DATELINE><BODY>ICN Pharmaceuticals Inc said
+its board approved the purchase of up to three mln shares of
+its outstanding common stock.
+    ICN also said it plans to buy up to 500,000 more shares
+each of Viratek Inc &lt;VIRA> and SPI Pharmaceuticals Inc &lt;SPIP>.
+    ICN said the buyback plans were approved because the board
+believed that at current prices the investment represented by
+the ICN group itself is in the best interests of the
+shareholders of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13765" NEWID="8244">
+<DATE>23-MAR-1987 09:37:21.94</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0893&#31;reute
+u f BC-JAPAN-SAYS-IT-TRYING   03-23 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SAYS IT TRYING TO EXPAND DOMESTIC DEMAND</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 23 - </DATELINE><BODY>Japan has assured a meeting
+of trade ministers it is making every effort to expand domestic
+demand and restructure its economy.
+    Japanese trade representative Tsomu Hata told an informal
+General Agreement on Tariffs and Trade (GATT) meeting that, in
+addition to demand boosting measures adopted last September, a
+comprehensive economic program will be prepared after the
+1987/88 budget is approved.
+    Hata, speaking at the first session of the two-day meeting,
+said agriculture is no exception to the goal of restructuring
+the economy, but did not elaborate.
+    Hata said protectionist pressures in the international
+economy are as strong as ever, reflecting financial deficits,
+payment imbalances and serious unemployment in many countries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13766" NEWID="8245">
+<DATE>23-MAR-1987 09:37:52.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0897&#31;reute
+f f BC-******supermarkets-ge   03-23 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SUPERMARKETS GENERAL CORP 4TH QTR 50 CTS VS 52 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13767" NEWID="8246">
+<DATE>23-MAR-1987 09:41:42.49</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M T
+&#22;&#22;&#1;f0907&#31;reute
+u f BC-WEST-GERMAN-SHIP-SINK   03-23 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN SHIP SINKS OFF WEST AFRICA</TITLE>
+<DATELINE>    LAS PALMAS, March 23 - </DATELINE><BODY>The West German-registered motor
+vessel Stefan E. Sank off the West African coast early today
+and one of its eight crew members was killed, a Spanish navy
+spokesman said.
+    He said the captain of the Singapore-registered tanker Nord
+Pacific reported in a radio message that he had picked up the
+remaining seven crewmen of the 2,223 tonnes dw Stefan E.,
+Together with the body of the dead man.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13768" NEWID="8247">
+<DATE>23-MAR-1987 09:47:48.80</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0922&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-23 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 485 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>The Bank of England said it had given
+the money market a further 485 mln stg assistance in the
+afternoon session. This takes the Bank's total help so far
+today to 582 mln stg and compares with its forecast of a 750
+mln stg shortage in the system today.
+    The central bank bought bank bills outright comprising 345
+mln stg in band one at 9-7/8 pct and 75 mln stg in band two at
+9-3/16 pct. It also purchased 65 mln stg of treasury bills in
+band one at 9-7/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13769" NEWID="8248">
+<DATE>23-MAR-1987 09:48:31.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0924&#31;reute
+u f BC-REYNOLDS-METALS-&lt;RLM>   03-23 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REYNOLDS METALS &lt;RLM> REGISTERS DEBENTURES</TITLE>
+<DATELINE>    RICHMOND, Va., March 23 - </DATELINE><BODY>Reynolds Metals Co said it filed
+a registration statement with the securities and exchange
+commission covering a planned offering of 200 mln dlrs of
+convertible subordinated debentures due April 1, 20012.
+    The company said underwriters, led by Goldman Sachs and Co,
+will be granted an option to purchase up to an additional 30
+mln dlrs of debentures to cover over allotments.
+    Reynolds said its proceeds will be used to refinance
+certain long-term debt. Application has been made to list the
+debentures on the New York Stock Exchange.
+    Reynolds said the debentures, which will be offered in
+denominations of 1,000 dlrs, may be converted into Reynolds
+common and are redeemable in whole or in part at the option of
+the company after Apil 1, 1989. They have a sinking fund
+requirement starting in 1998 calculated to retire at least 70
+pct of the debentures prior to maturity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13770" NEWID="8249">
+<DATE>23-MAR-1987 09:49:04.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0929&#31;reute
+r f BC-INLAND-STEEL-&lt;IAD>-TO   03-23 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INLAND STEEL &lt;IAD> TO MAKE "MAJOR ANNOUNCEMENT"</TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>Inland Steel Industries Inc said it
+will hold a news conference at 1545 CST here today to make a
+"major announcement with international business ramifications."
+    No other details were immediately available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13771" NEWID="8250">
+<DATE>23-MAR-1987 09:49:14.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0930&#31;reute
+r f BC-MYLES-&lt;MYLX>-RESUMES   03-23 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MYLES &lt;MYLX> RESUMES SHIPMENTS TO CUSTOMER</TITLE>
+<DATELINE>    MIMAI, March 23 - </DATELINE><BODY>Mylex Corp said it has received scheduled
+orders to resume shipments under an existing contract with one
+of its major customers that it did not name.
+    In May it said it did not have product releases from that
+customer.
+    Mylex also said it has introduced an International Business
+Machines Corp &lt;IBM> personal computer compatible system board
+using Intel Corp's &lt;INTC> 80386 microprocessor called the Mylex
+386-A motherboard.  It said standard configuration includes one
+or four megabytes of onboard 32-bit random access memory and 64
+kilobytes of cache memory.
+    Mylex said it will market the product directly and through
+distributors to original equipment manufacturers, value-added
+resellers and system integrators, with shipments to start in
+mid-April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13772" NEWID="8251">
+<DATE>23-MAR-1987 09:49:24.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0932&#31;reute
+r f BC-&lt;ACCUGRAPH-CORP>-FILE   03-23 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ACCUGRAPH CORP> FILES TO REGISTER SHARES</TITLE>
+<DATELINE>    TORONTO, March 23 - </DATELINE><BODY>Accugraph Corp said it has filed a
+registration statement with the Securities and Exchange
+Commission relating to 659,800 Class A shares deliverable on
+the exercise of outstanding warrants.
+    It said following the registration, Accugraph will file
+periodic reports with the SEC required to be filed by companies
+traded in U.S. markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13773" NEWID="8252">
+<DATE>23-MAR-1987 09:49:40.50</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0933&#31;reute
+d f BC-JAPAN-IN-LAST-DITCH-E   03-23 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN IN LAST DITCH EFFORT TO SAVE CHIP PACT</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 23 - </DATELINE><BODY>Japan has launched a last-ditch effort to
+salvage its computer micro-chip pact with the United States -
+sending a letter to top American policy makers setting out its
+case and instructing its producers to cut output further.
+    "We must make our utmost effort to ward off any catastrophe,"
+Ministry of International Trade and Industry (MITI) Deputy
+Director General Masaji Yamamoto told reporters.
+    "If hasty action is taken in the United States, it will
+create very serious problems."
+    The Reagan Administration's Economic Policy is expected to
+meet Thursday to review Japanese compliance with the bilateral
+agreement hammered out last year. Under the pact, Tokyo agreed
+to stop selling cut-price chips in world markets and to
+increase its imports of American semiconductors.
+    Washington has accused Japan of reneging on the deal by
+selling low priced chips in Asia and by failing to boost
+American imports, and has threatened to take retaliatory
+action.
+    In an effort to save the agreement, MITI is asking Japanese
+chip makers to limit production in the hope that will boost
+domestic demand and reduce the incentive to export.
+    Yamamoto said that Japan will slash output of 256 kilobit
+dynamic random access and erasable programmable read only
+memory chips by 11 pct in the second quarter. This follows a
+cutback of more than 20 pct in the first three months of the
+year.
+    He said the cutbacks were already drying up the supply of
+chips available for export through unregulated distributors in
+the so-called grey market.
+    "We have almost no grey market," he said. "Supply is
+diminishing."
+    To help ensure that the cutbacks are implemented, MITI
+called in the president of Japan's largest semiconductor maker,
+NEC Corp &lt;NIPN.T> last week, he said. It is also issuing
+specific instructions on production to the Japanese subsidiary
+of &lt;Texas Instruments Inc>.
+    Trade and Industry Minister Hajime Tamura spelled out the
+steps Japan was taking to salvage the pact and appealed for
+U.S. Understanding in a letter to top American policy makers.
+    The letter was sent today to U.S. Secretary of State George
+Schultz, Treasury Secretary James Baker, Commerce Secretary
+Malcolm Baldrige and U.S. Trade Representative Clayton Yeutter.
+    The four, who make up the Economic Policy Council, are
+expected to consider evidence presented by U.S. Chip maker
+Micron Technology Inc &lt;DRAM.O> of cut-price Japanese sales in
+Hong Kong.
+    Yamamoto admitted that &lt;Oki Electric Industry Co>'s Hong
+Kong subsidiary had sold chips at an inappropriate level but
+denied that it was dumping chips at rock-bottom prices.
+    "If the United States uses this as proof of dumping...We
+will present our rebuttal," he said.
+    The sales though were inappropriate in the light of MITI's
+advice to semiconductor makers to sell chips at well above
+production costs to avoid any hint of dumping, he said.
+    He also called the case "strange," but he stopped short of
+endorsing Japanese newspaper accusations that Oki had been
+trapped into making the sales. He did say though that Micron
+publicized the invoice documenting the sales on the same day
+they were made and that Oki was unable to locate the person who
+had bought the chips when it tried to buy them back last week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13774" NEWID="8253">
+<DATE>23-MAR-1987 09:50:26.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0936&#31;reute
+f f BC-******AMERICAN-MOTORS   03-23 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN MOTORS CORP GETS QUALIFIED AUDIT ON 1986 FINANCIAL STATEMENTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13775" NEWID="8254">
+<DATE>23-MAR-1987 09:52:55.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0943&#31;reute
+d f BC-&lt;st-.-clair-paint-and   03-23 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ST . CLAIR PAINT AND WALLPAPER CORP> YEAR NET</TITLE>
+<DATELINE>    Toronto, March 23 -
+    </DATELINE><BODY>Shr 66 cts vs 55 cts
+    Net 2,422,000 vs 1,906,000
+    Revs 59.3 mln vs 47.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13776" NEWID="8255">
+<DATE>23-MAR-1987 09:54:18.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0948&#31;reute
+d f BC-ALCO-STANDARD-&lt;ASN>-C   03-23 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCO STANDARD &lt;ASN> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    ORLANDO, Fla., March 23 - </DATELINE><BODY>Delta Business Systems Inc said
+it has completed a previously-announced merger into Alco
+Standard Corp.
+    Delta said it expects sales of about 30 mln dlrs for the
+year ending in April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13777" NEWID="8256">
+<DATE>23-MAR-1987 09:54:42.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>cuba</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M T
+&#22;&#22;&#1;f0951&#31;reute
+d f BC-SPAIN-GIVES-CUBA-25-M   03-23 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN GIVES CUBA 25 MLN DLR CREDIT LINE</TITLE>
+<DATELINE>    HAVANA, March 23 - </DATELINE><BODY>Spain has granted Cuba a 25 mln dlr
+credit line for the purchase of Spanish goods and services in
+the iron and steel industry, the repair of fishing boats and
+development of industrial projects, Prensa Latina said.
+    The credit line was agreed by a joint economic/industrial
+commission.
+    The commission also discussed the possible participation of
+spanish companies in the Cuban tourist industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13778" NEWID="8257">
+<DATE>23-MAR-1987 09:56:46.03</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>barley</D></TOPICS>
+<PLACES><D>ethiopia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0955&#31;reute
+r f BC-RAINS-PROMISE-BOUNTIF   03-23 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAINS PROMISE BOUNTIFUL CROPS IN ETHIOPIA</TITLE>
+<DATELINE>    ADDIS ABABA, March 23 - </DATELINE><BODY>Rain over wide areas has raised the
+prospect of good food crops throughout Ethiopia, which suffered
+a disastrous drought and famine two years ago.
+    Aweke Aynalem, head of the government's Agriculture
+Development Department, told reporters prospects were good for
+attaining the target of 250,000 tonnes of grain in the present
+growing season, one of two each year in Ethiopia.
+    Normal crop production in Ethiopia is about 648,000 tonnes
+a year, of which 250,000 tonnes are produced from the "belg"
+(small) rains which fall at this time of year.
+    The belg rains are used to plant quick-maturing crops like
+maize and barley. Any shortfall during this period affects
+production in the main rainy season, because farmers eat their
+stocks of seed.
+    Aweke said peasants in Wello, Tigre and Hararghe -- regions
+which suffered severely from drought -- were now able to sow
+their crops because of the favourable rains.
+    The government had distributed large quantities of seed and
+fertiliser, and the rains should ensure a good crop.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13779" NEWID="8258">
+<DATE>23-MAR-1987 09:57:30.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0958&#31;reute
+b f BC-/AMERICAN-MOTORS-&lt;AMO   03-23 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MOTORS &lt;AMO> STATEMENT QUALIFIED</TITLE>
+<DATELINE>    DETROIT, March 23 - </DATELINE><BODY>American Motors Corp said its auditors
+qualified the company's 1986 financial report.
+    The report was qualified due to uncertainties surrounding
+the previously announced arbitration award against American
+Motors' former subsidiary, AM General Corp. The award is being
+contested.
+    The report was filed today with the Securities and Exchange
+Commission along with a copy of Chrysler Corp's &lt;C> proposal to
+take over American Motors.
+    American Motors said earlier than an arbitration award,
+made to Emerson Electric Co &lt;EMR> in February, amounted to 60
+mln dlrs plus legal expenses. American Motors has challenged
+the award.
+    The automaker sold the AM General unit to LTV Corp &lt;QLTV>
+in 1983, the same year it was awarded a five-year, 1.2 billion
+dlr procurement contract with the military. LTV and AM General
+last year sought protection under Chapter 11.
+    The arbitration proceeding was called after Emerson
+Electric charged AM General violated an agreement covering the
+development of certain components in the contract.
+    The components were for the military's "High Mobility
+Multi-Purpose Wheeled Vehicle" (HMMWV), American Motors said.
+    In selling AM General to LTV, American Motors agreed to
+indemnify LTV against losses incurred by LTV resulting from the
+Emerson Electric claims.
+    AMC also said the award has not been confirmed by a court,
+and faces additional legal challenges. It said that, because of
+the LTV and Am General reorganizations, the final amount of a
+confirmed award and the amount of any loss to LTV is uncertain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13780" NEWID="8259">
+<DATE>23-MAR-1987 09:57:43.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0959&#31;reute
+r f BC-ANACOMP-&lt;AAC>-GETS-FU   03-23 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANACOMP &lt;AAC> GETS FUNDS TO BUY DATAGRAPHIX</TITLE>
+<DATELINE>    INDIANAPOLIS, IND., March 23 - </DATELINE><BODY>Anacomp Inc said it
+finalized the financing of its 128 mln dlrs purchase of
+DatagraphiX Inc from General Dynamics Corp &lt;GD>.
+    The financing, arranged by Drexel Burnham Lambert, consists
+of 90 mln dlrs of bank financing, the private placement of 71
+mln dlrs of senior subordinated notes and 25 mln dlrs of
+convertible preferred stock, it said.
+    DatagraphiX, a manufacturer of microgrpahics equipment has
+been merged into Anacomp and will be operated as a separate
+division, Anacomp said.  The division is expected to improve
+results for Anacomp this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13781" NEWID="8260">
+<DATE>23-MAR-1987 09:57:51.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0961&#31;reute
+d f BC-JAMESWAY-&lt;JMY>-OPENS   03-23 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMESWAY &lt;JMY> OPENS NEW JERSEY STORE</TITLE>
+<DATELINE>    BERLIN, N.J., March 23 - </DATELINE><BODY>Jamesway Corp said it has opened
+its 102nd store, a 60,000 square foot unit in Berlin, N.J.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13782" NEWID="8261">
+<DATE>23-MAR-1987 09:59:45.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0969&#31;reute
+r f BC-KING-INSTRUMENT-RECEI   03-23 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KING INSTRUMENT RECEIVES SETTLEMENT FROM SUIT</TITLE>
+<DATELINE>    WESTBORO, Mass., March 23 - </DATELINE><BODY>&lt;King Instrument Corp> said it
+received 8.5 mln dlrs from &lt;Otari Electric Co> of Tokyo and its
+California subsidiaries as a settlement for a patent
+infringement suit.
+    King said the suit, filed in 1980, covered a tape loading
+system for cassettes. King said as part of the settlement,
+Otari must pay a royalty to King on future sales of magnetic
+tape winding equipment in the U.S.
+    In a separate agreement, King said Otari has acquire from
+it a non-exclusive license to King's basic patent in the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13783" NEWID="8262">
+<DATE>23-MAR-1987 10:01:55.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0977&#31;reute
+b f BC-SUPERMARKETS-GENERAL   03-23 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERMARKETS GENERAL CORP &lt;SGL> 4TH QTR JAN 31</TITLE>
+<DATELINE>    WOODBRIDGE, N.J., March 23 -
+    </DATELINE><BODY>Oper shr 50 cts vs 52 cts
+    Oper net 19.2 mln vs 18.8 mln
+    Sales 1.43 billion vs 1.30 billion
+    Avg shrs 38.6 mln vs 36.0 mln
+    Year
+    Oper shr 1.65 dlrs vs 1.73 dlrs
+    Oper net 62.7 mln vs 61.8 mln
+    Sales 5.51 billion vs 4.96 billion
+    Avg shrs 38.1 mln vs 35.8 mln
+    NOTES: Sales are from continuing operations
+    Operating net excludes results from discontinued operations
+of nil vs profit 2,815,000 dlrs, or eight cts a share, in
+quarter and loss 308,000 dlrs, or one cent a share, vs profit
+1,880,000 dlrs, or five cts a share, in year
+    Latest year operating net also excludes loss of 1,536,000
+dlrs, or four cts a share, on disposal of discontinued
+department store segment
+    Share data adjusted to reflect two-for-one stock split paid
+to holders of record August 1, 1986
+    Operating net includes pre-tax LIFO credit 700,000 dlrs vs
+credit 2.0 mln dlrs in quarter and charge 2.8 mln dlrs vs
+charge 4.9 mln dlrs in year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13784" NEWID="8263">
+<DATE>23-MAR-1987 10:03:44.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0990&#31;reute
+f f BC-Belgian-three-month-t   03-23 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Belgian three-month treasury certificate rate cut 0.10 points to 7.40 pct - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13785" NEWID="8264">
+<DATE>23-MAR-1987 10:04:29.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0993&#31;reute
+r f BC-ENERGY-FACTORS-&lt;EFAC>   03-23 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY FACTORS &lt;EFAC> TO BUY ALLIED &lt;ALD> UNITS</TITLE>
+<DATELINE>    SAN DIEGO, March 23 - </DATELINE><BODY>Energy Factors Inc said it has signed
+an agreement to acquire GWF Power Systems Co and Combustion
+Power Co Inc from Allied-Signal Inc for undisclosed terms.
+    The two Allied units operate and are developing
+cogeneration projects and small petroleum-coke fueled power
+plants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13786" NEWID="8265">
+<DATE>23-MAR-1987 10:06:04.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0998&#31;reute
+r f BC-WILLIAMS-COS-&lt;WMB>-UN   03-23 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIAMS COS &lt;WMB> UNIT EXPANDING FIBER OPTICS</TITLE>
+<DATELINE>    TULSA, Okla., March 23 - </DATELINE><BODY>Williams Cos said its
+telecommunications company is spending 22 mln dlrs to expand
+its fiber optic telecommunications system.
+    Its subsidiary, known as WilTel, said the expansion stems
+from customer demand which has exceeded its expectations.
+    It said the expansion will increase from 25,000 to 50,000
+voice circuits on the Chicago to Kansas City segment of the
+WilTel system, and from 16,0000 to 40,000 on the Kansas City to
+Los Angeles segment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13787" NEWID="8266">
+<DATE>23-MAR-1987 10:06:21.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0999&#31;reute
+d f BC-CORE-MARK-CHAIRMAN-RE   03-23 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORE-MARK CHAIRMAN RESIGNS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 23 - </DATELINE><BODY>&lt;Core-Mark
+International Inc> said chairman David E. Gillespie resigned,
+effective March 20, due to health problems.
+    No successor was named.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13788" NEWID="8267">
+<DATE>23-MAR-1987 10:06:50.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1001&#31;reute
+d f BC-SINGER-&lt;SMF>-GETS-EIG   03-23 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGER &lt;SMF> GETS EIGHT MLN DLR ARMY CONTRACT</TITLE>
+<DATELINE>    STAMFORD, Conn., March 23 - </DATELINE><BODY>Singer Co said its Dalmo Victor
+Division has received an eight mln dlr contract for full-scale
+engineering development of a special version of the APR-39A
+radar threat warning system.
+    It said the contract calls for delivery of 20 development
+units and includes an option for an initial production quantity
+of 300 units.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13789" NEWID="8268">
+<DATE>23-MAR-1987 10:07:33.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1006&#31;reute
+d f BC-WALKER-TELECOMMUNICTI   03-23 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALKER TELECOMMUNICTIONS &lt;WTEL> FIBER TO START</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 23 - </DATELINE><BODY>Walker Telecommunications Corp
+said the second phase of a 417-mile fiber optics network in
+Michigan will begin operating March 30.
+    The first phase was completed in February and connects
+Grand Rapids with Detroit via Lansing.
+    The 31 mln dlr network will link 14 Michigan cities, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13790" NEWID="8269">
+<DATE>23-MAR-1987 10:07:38.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1007&#31;reute
+s f BC-RYLAND-GROUP-INC-&lt;RYL   03-23 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RYLAND GROUP INC &lt;RYL> SETS QUARTERLY</TITLE>
+<DATELINE>    COLUMBIA, Md., March 23 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay April 30
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13791" NEWID="8270">
+<DATE>23-MAR-1987 10:07:41.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1008&#31;reute
+r f BC-H.B.-FULLER-CO-&lt;FULL>   03-23 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.B. FULLER CO &lt;FULL> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    ST. PAUL, MINN., March 23 -
+    </DATELINE><BODY>Shr 38 cts vs 30 cts
+    Net 3,649,000 vs 2,789,000
+    Sales 137.4 mln vs 119.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13792" NEWID="8271">
+<DATE>23-MAR-1987 10:16:17.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1034&#31;reute
+u f BC-IADB-PLANS-TO-MATCH-1   03-23 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IADB PLANS TO MATCH 1986 LENDING LEVEL</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The Inter-American Development Bank
+said it intended this year to match the over three billion dlrs
+it lent to Latin America in 1986, despite growing pressures on
+its capital.
+    In its annual report and in a briefing for reporters, the
+Bank made it clear, however, that the Latin countries needed
+vast amounts of new investment if they are to strengthen their
+ailing economies in the period ahead. The report said Latin
+America continued to emerge slowly from the deep recession that
+began in the early 1980s, with Gross Domestic Product edging up
+to nearly four pct from 3.5 pct in 1985.
+    The report said the region's improved economic growth last
+year was based on a rise in internal demand and fuller
+utilization previously underused production capacity.
+    "This situation will be difficult to duplicate in 1987 and
+beyond because no significant new investments are being made,"
+the report said.
+    The Bank's lending last year consisted of 63 loans totaling
+3.04 billion dlrs, bringing the agency's cumulative lending to
+35.44 billion dlrs.
+    Of last year's loans, 2.26 billion dlrs was actually
+disbursed, bringing total disbursements to 24.03 billion dlrs.
+    To assist in loan activities, the Bank said it borrowed
+1.91 billion dlrs in the capital markets in 1986, bringing its
+total outstanding borrowings to 12.11 billion dlrs.
+    In a briefing for reporters, Bank President Antonio
+Ortiz-Mena said that this year lending by the bank "will be at a
+similar level to last year."
+    He noted that bank lending in 1986 was directed
+particularly to projects in energy, agriculture, and
+environmental and public health, education and urban
+development. The annual report was released as the Bank's
+annual meeting is being held in Miami.
+    Ortiz-Mena told reporters that the bank's member countries
+will discuss a plan by the United States to reduce the loan
+veto power from the current majority to 35 pct.
+    Such a plan would allow the United States to block any loan
+it did not like with the assistance of only one other country.
+    The proposal, which is tied to any U.S. backing for a new
+financing for the bank, is sure to run into rough going as the
+Latin countries view it as a move by the Reagan administration
+to control the agency's critical loans.
+    The U.S. position is that it is not seeking veto power
+although it believes the bank's largest contributors should
+have greater influence within the institution.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13793" NEWID="8272">
+<DATE>23-MAR-1987 10:20:11.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1051&#31;reute
+r f BC-U.S.-CORPORATE-FINANC   03-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORPORATE FINANCE - NOVEL GMAC FINANCING</TITLE>
+<AUTHOR>    By John Picinich, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Because its novel financing deal sold
+quickly last week, General Motors Corp's &lt;GM> General Motors
+Acceptance Corp unit plans to do more multi-tiered financings,
+said Michael Mangan of GMAC.
+    "We are certainly happy with the transaction. We plan to do
+more," said Mangan, director of corporate financing.
+    Offered on Wednesday, the 100 mln dlr issue had three price
+levels to attract a wide range of retail investors and small
+regional institutions, said officers of P.W. Korth and Co Inc
+and PaineWebber Inc, which shared bookrunning duties.
+    "We will continue to look at multi-tiered financings,"
+Mangan said.
+    "GMAC plans to talk to Korth and PaineWebber and get their
+thoughts on the deal. We want to see how it went and where the
+securities were placed," the GMAC officer added.
+    Mangan and the co-lead managers said the three different
+pricings enabled the finance arm of General Motors to borrow at
+attractive rates. "GMAC saved some basis points with this
+technique," said an officer on Korth's syndicate desk.
+    "Our all-in-cost was comparable. If the deal had not made
+sense, obviously we would not have done it," Mangan noted.
+    The GMAC seven-year notes were given a coupon of 7.45 pct.
+    For investors buying less than 100,000 dlrs of the notes,
+the offering was priced at par to yield 45 basis points over
+comparable Treasury securities.
+    Those buying 100,000 to 250,000 dlrs pay 99.60 for a yield
+of 7.52 pct, or 53 basis points over Treasuries. For purchases
+of more than 250,000 dlrs, the notes carried a price of 99.20
+to yield 7.599 pct, or 61 basis points over Treasuries.
+    In contrast, Ford Motor Co's &lt;F> Ford Motor Credit Co unit
+last month sold 300 mln dlrs of same-maturity notes priced to
+yield 7.62 pct, or 62.5 basis points over Treasuries.
+    "Retail investors generally do not see new issue product,"
+said an officer on PaineWebber's corporate syndicate desk.
+"They have to buy the securities in the secondary market."
+    Bond traders said many corporates rose well above par in
+the secondary market this year. They attributed this to a huge
+number of bond redemptions by the issuing companies.
+    "Institutions and mutual funds are seeing some of their
+holdings called away. They're scrambling to replace them," said
+one trader. As a result, underwriters said retail investors
+would gladly sacrifice some of the yield spread over Treasuries
+if they could buy debt issues at or below par.
+    "The GMAC financing seemed tailor-made for those retail
+investors," commented one underwriter away from the syndicate.
+    GMAC's Mangan said his firm also wanted to sell securities
+that were aimed at the retail sector.
+    "Access to retail investors was the driving force behind
+the multi-tiered financing. This is a new market for us, so to
+speak," Mangan said.
+    "There is a lot of GMAC paper out there," the executive
+added, referring to the unit's past offerings. "One of our
+basic strategies is to target securities to specific investors
+and hopefully attain a broader distribution."
+    Officers of Korth and PaineWebber said the GMAC notes were
+selling quickly last week, although the issue had not sold out
+by Friday afternoon.
+    "In selling to retail investors or smaller institutions,
+you have to make a lot more telephone calls," an investment
+banker pointed out.
+    Underwriters noted that Korth and PaineWebber, along with
+co-managers A.G. Edwards and Thomson McKinnon, have strong
+retail bases. "They can carve out a niche here," one said.
+    "We plan to underwrite more of these deals," said a Korth
+official. An officer with PaineWebber echoed that sentiment.
+    Multi-tiered financings are a relatively new wrinkle on
+Wall Street. An officer with Korth said he belives his firm
+underwrote the first such issue eight or nine months ago for
+Citicorp &lt;CCI>.
+    GMAC's Mangan said his company issued through Korth in
+October 1986 a 50 mln dlr issue that carried two different
+price levels.
+    "But the price gap between the first and second tier was
+large," Mangan said. In our conversations with the
+underwriters, we thought three different tiers would make more
+sense because the prices would not be far apart."
+    Meanwhile, underwriting syndicates are scheduled to bid
+competitively tomorrow for 250 mln dlrs of first and refunding
+mortgage bonds due 2017 of Philadelphia Electric Co &lt;PE>.
+Non-refundable for five years, the debt is rated Baa-3 by
+Moody's and BBB-minus by Standard and Poor's.
+    Southern Railway Co, a unit of Norfolk Southern Corp &lt;NSC>,
+will hold accept bids on Wednesday for 20 mln dlrs of serial
+equipment trust certificates. The debt is rated a top-flight
+AAA by both Moody's and S and P.
+    IDD Information Services said the 30-day corporate visible
+supply rose to 3.98 billion dlrs from 3.28 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13794" NEWID="8273">
+<DATE>23-MAR-1987 10:21:50.76</DATE>
+<TOPICS><D>trade</D><D>cotton</D><D>grain</D><D>corn</D><D>wheat</D><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1055&#31;reute
+u f BC-/MARKET-LOAN-COULD-BE   03-23 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARKET LOAN COULD BE PINNED TO U.S. TRADE BILL</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 23 - </DATELINE><BODY>Sen. David Pryor, D-Ark., said
+he was considering amending the Senate Finance Committee's
+trade bill with a provision to require a marketing loan for
+soybeans, corn and wheat.
+    Pryor told the Futures Industry Association that there was
+great reluctance among members of the Senate Agriculture
+Committee to reopen the 1985 farm bill, and that a marketing
+loan might have a better chance in the Finance panel.
+    The Arkansas senator said the marketing loan -- which in
+effect allows producers to pay back their crop loans at the
+world price -- had led to a 300 pct increase in U.S. cotton
+exports in 14 months and a 72 pct increase in rice exports.
+    Pryor serves on both the Senate Finance and Agriculture
+Committees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13795" NEWID="8274">
+<DATE>23-MAR-1987 10:22:53.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1061&#31;reute
+u f BC-WESTLB-RAISES-AUSTRAL   03-23 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTLB RAISES AUSTRALIAN DLR BOND TO 75 MLN</TITLE>
+<DATELINE>    DUESSELDORF, March 23 - </DATELINE><BODY>Westdeutsche Landesbank
+Girozentrale (WestLB said it is raising the amount of a 14-3/8
+pct five-year bullet Australian dlr eurobond, priced at
+101-1/2, to 75 mln dlrs from 50 mln.
+    The bond, for WestLB's WestLB Finance NV subsidiary, also
+will have an additional co-manager to the 20 already accepted
+into the deal, WestLB said. WestLB is lead manager, with
+Hambros Bank Ltd as co-lead.
+    Other terms of the bond, launched on March 19, remain the
+same, the bank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13796" NEWID="8275">
+<DATE>23-MAR-1987 10:26:23.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1072&#31;reute
+u f BC-COOPER-DEVELOPMENT-CO   03-23 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPER DEVELOPMENT CO &lt;BUGS> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 23 -
+    </DATELINE><BODY>Shr profit seven cts vs loss 16 cts
+    Net profit 2,144,000 vs loss 4,110,000
+    Sales 121.3 mln vs 20.3 mln
+    Avg shrs 29.4 mln vs 25.3 mln
+    NOTE: Current year net includes pretax gain on sale of
+product line of 11.4 mln dlrs and charge 4,711,000 dlrs posttax
+on expensing of a portion of unamorized debt issuance costs of
+unit.
+    Current year results include Technicon Corp, acquired in
+August 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13797" NEWID="8276">
+<DATE>23-MAR-1987 10:26:33.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1073&#31;reute
+u f BC-CITIZENS-GROWTH-&lt;CITG   03-23 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS GROWTH &lt;CITGS> OMITS QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    JACKSON, Miss., March 20 - </DATELINE><BODY>Citizens Growth Properties said
+it ommitted its regular quartelry dividend as a result of
+decreased earnings, principally attributable to the default by
+a borrower of the trust's laargest mortgage loan.
+    The trust last paid 12 cts on January 28.
+    The trust said it also reaffirmed a limited share
+repurchase program subject to available cash flow in light of
+the defaulted mortgage.               
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13798" NEWID="8277">
+<DATE>23-MAR-1987 10:30:36.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1080&#31;reute
+r f BC-IADB-BANK-SAYS-IT-WIL   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IADB BANK SAYS IT WILL MATCH 1986 LENDING</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The Inter-American Development Bank
+said it intended this year to match the over three billion
+dollars it lent to Latin America in 1986 despite growing
+pressures on its capital.
+    In its annual report and in a briefing for reporters, the
+Bank made it clear, however, that the Latin countries needed
+vast amounts of new investment if they are to strengthen their
+ailing economies in the period ahead.
+    The report said that Latin America continued to emerge
+slowly from the deep recession that began in the early 1980s,
+with Gross Domestic Product (GDP) edging up to nearly four pct
+from 3.5 pct in 1985.
+    The report said the region's improved economic growth last
+year was based on a rise in internal demand and fuller
+utilization of previously underused production capacity.
+    "This situation will be difficult to duplicate in 1987 and
+beyond because no significant new investments are being made,"
+the report said.
+    The Bank's lending last year consisted of 63 loans totaling
+3.04 billion dlrs, bringing the agency's cumulative lending to
+35.44 billion dlrs.
+    Of last year's loans, 2.26 billion dlrs was actually
+disbursed, bringing total disbursements to 24.03 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13799" NEWID="8278">
+<DATE>23-MAR-1987 10:34:09.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1095&#31;reute
+u f BC-WAITE-KIDNAPPED-AS-SP   03-23 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAITE KIDNAPPED AS SPY - TEHRAN RADIO</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>Tehran radio said British church envoy
+Terry Waite, missing in Beirut since January 20, had been
+kidnapped as a spy by a Lebanese group.
+    "Terry Waite was taken hostage by an armed Lebanese group,
+calling itself the Revolutionary Justice Organisation. He has
+been accused of espionage activities," said the radio, monitored
+by the British Broadcasting Corporation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13800" NEWID="8279">
+<DATE>23-MAR-1987 10:35:28.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1103&#31;reute
+f f BC-******PATRICK-PETROLU   03-23 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PATRICK PETROLUEM HAS DEFINITIVE ACCORD TO BUY BAYOU RESOURCES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13801" NEWID="8280">
+<DATE>23-MAR-1987 10:37:03.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1110&#31;reute
+u f BC-REEBOK-INTERNATIONAL   03-23 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REEBOK INTERNATIONAL &lt;RBOK> GETS NEW PRESIDENT</TITLE>
+<DATELINE>    CANTON, Mass., March 23 - </DATELINE><BODY>Reebok International Ltd said it
+named C..Joseph LaBonte, 47, president and chief operating
+officer of the company.
+    LaBonte, former presidnet and chief operating officer of
+20th Century Fox Film Corp, and more recently was founder and
+chief executive officer of Vantage Group Inc, an investment and
+financial advisement company.
+    Reebok said the company formerly did not have a corporate
+president, but rather division presidents, nor did it have a
+chief operating officer.
+    Reebok said LaBonte will oversee the division presidents.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13802" NEWID="8281">
+<DATE>23-MAR-1987 10:40:10.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1134&#31;reute
+r f BC-AIRSHIP-INDUSTRIES-&lt;A   03-23 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRSHIP INDUSTRIES &lt;AIRSY> ADR TO TRADE IN U.S.</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Airship Industries Ltd of the U.K.
+said its American Deporsitary Receipts, or ADRs, will begin to
+trade on NASDAQ March 25.
+    The company said it was the largest maker of airships in
+the world and currently has five airships in the U.S.
+    It also said it entered into a joint venture with
+Westinghouse Electric Corp &lt;WX>, a stockholder, to pursue
+military contracts, including one with the U.S. Navy to build a
+prototype airship to protect naval fleets from missle attacks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13803" NEWID="8282">
+<DATE>23-MAR-1987 10:40:23.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1136&#31;reute
+d f BC-FLORIDA-FEDERAL-&lt;FLFE   03-23 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORIDA FEDERAL &lt;FLFE> SEES NO NEED FOR ACTION</TITLE>
+<DATELINE>    ST. PETERSBURG, Fla., March 23 - </DATELINE><BODY>Florida Federal Savings
+and Loan Association a special review committee has determined
+has determined there is no justification for legal action
+against the persons responsible for the association's loan an
+investment losses in fiscal 1986, ended June 30.
+    In August 1986, a shareholder demand Florida Federal's
+board take such legal action. In response, the board formed the
+special review committee comprised of four outside directors.
+    The company said the committee also found legal action
+would not be in the best interest of First Federal and its
+stockholders, adding the group's findings were ratified by the
+remaining disinterested directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13804" NEWID="8283">
+<DATE>23-MAR-1987 10:40:47.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1139&#31;reute
+u f BC-COMMERCE-DEPARTMENT-R   03-23 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCE DEPARTMENT REVISES U.S. FACTORY ORDERS</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The Commerce Department published
+revisions to monthly data on factory orders indicating some
+substantial changes to published figures for recent months.
+    The revisions take account of several factors including
+adjustments to unfilled orders levels, recalculation of new
+orders estimates and updating of seasonal adjustment factors,
+the department said.
+    As a result, December factory orders reported as rising 1.6
+pct rose on the revised basis by 3.2 pct, while November orders
+reported as 3.6 pct were up only 0.8 pct on the revised basis,
+the department said.
+    Commerce has already reported January factory orders fell
+4.0 pct. The report on February orders is due next week and
+that figure will be revised then.
+    The revisions, which cover the years 1982-1986, also affect
+the key category of durable goods orders. The department said
+durables orders reported as 1.5 pct higher in December were up
+5.3 pct on the revised basis and November orders reported 5.1
+pct higher were up a revised 3.0 pct.
+    The department reported January durable goods orders fell
+7.5 pct and is scheduled to release February orders on Tuesday
+morning.
+    The January durable goods orders will be revised and
+February orders reported on a basis consistent with the
+revisions, Commerce said.
+    For all of 1986, factory orders were originally reported as
+being unchanged from 1985 levels, but the department said after
+revisions orders fell 0.6 pct last year.
+    Among changes in the orders survey, the department said it
+was changing inventory values to reflect current costs rather
+than book value of unsold goods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13805" NEWID="8284">
+<DATE>23-MAR-1987 10:40:53.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1140&#31;reute
+d f BC-THERMO-INSTRUMENT-&lt;TH   03-23 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERMO INSTRUMENT &lt;THIS> GETS SOVIET ORDER</TITLE>
+<DATELINE>    WALTHAM, Mass., March 23 - </DATELINE><BODY>Thermo Instrument Systems Inc
+said it has received a 550,000 dlr order from the Soviet Union
+for plasma spectrometers to be used by the Soviet Bureau of
+Standards to help Soviet industries develop quality control
+procedures in mining, agriculture and manufacturing.
+    It said the instruments will detect the amount of metals in
+various products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13806" NEWID="8285">
+<DATE>23-MAR-1987 10:41:02.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1141&#31;reute
+d f BC-general-systems-resea   03-23 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL SYSTEMS RESEARCH IN PRIVATE PLACEMENT</TITLE>
+<DATELINE>    Edmonton, Alberta, March 23 - </DATELINE><BODY>&lt;General Systems Research
+Inc> said it concluded a 15 mln dlr private placement with the
+government of Alberta.
+    The provincial government purchased 15 mln dlrs of the
+company's class A preferred shares.
+    The government of Alberta also converted a 2.5 mln dlr
+debenture into common shares and converted about 2.5 mln dlrs
+of shareholders' loans into common shares, the company said.
+Conversion price for both transactions was 1.75 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13807" NEWID="8286">
+<DATE>23-MAR-1987 10:41:11.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1143&#31;reute
+h f BC-DYNAMIC-HOMES-INC-&lt;DY   03-23 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DYNAMIC HOMES INC &lt;DYHM> 4TH QTR NET</TITLE>
+<DATELINE>    DETROIT LAKES, MINN., March 23 -
+    </DATELINE><BODY>Shr profit 0.2 cts vs loss 2.2 cts
+    Net profit 2,900 vs loss 43,500
+    Sales 1,660,000 vs 950,000
+    Year
+    Shr loss 30 cts vs loss 37 cts
+    Net loss 578,900 vs 713,300
+    Sales 5,112,100 vs 3,659,600
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13808" NEWID="8287">
+<DATE>23-MAR-1987 10:42:04.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1149&#31;reute
+r f BC-SAFEGUARD-SCIENTIFIC   03-23 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAFEGUARD SCIENTIFIC &lt;SFE> UNIT BUYS SUBSIDIARY</TITLE>
+<DATELINE>    KING OF PRUSSIA, Pa., March 23 - </DATELINE><BODY>Safeguard Scientific Inc
+said its subsidiary, Coherent Communications Systems Corp,
+purchased a telecommunications equipment business for an
+undisclosed amount of cash, notes and Coherent common stock.
+    Safeguard said it bought the business unit from Comsat
+TeleSystems Inc, a subsidiary of Communications Satellite Corp
+&lt;CQ>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13809" NEWID="8288">
+<DATE>23-MAR-1987 10:45:10.10</DATE>
+<TOPICS><D>crude</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1162&#31;reute
+b f BC-PATRICK-PETROLEUM-&lt;PP   03-23 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PATRICK PETROLEUM &lt;PPC> TO BUY BAYOU</TITLE>
+<DATELINE>    JACKSON, Mich., March 23 - </DATELINE><BODY>Patrick Petroleum Co said it
+signed a definitive agreement to buy Bayou Resources Inc.
+    As previously announced, the transaction is valued at about
+8.8 mln dlrs, including 2.8 mln dlrs in debt.
+    Under the agreement, Patrick will pay six dlrs per share
+for each Bayou share, with additional value being given for
+Bayou's preferred and options. Bayou has 827,000 shares out.
+    Depending upon the results of the re-evaluation of a
+significant Bayou well as of Jan. 1, 1988, Bayou stockholders
+may receive up to an additional two mln dlrs in stock and cash,
+which has not been included in the 8.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13810" NEWID="8289">
+<DATE>23-MAR-1987 10:48:47.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1170&#31;reute
+u f BC-WESTWORLD-COMMUNITY-H   03-23 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTWORLD COMMUNITY HEALTH &lt;WCHI> 4TH QTR LOSS</TITLE>
+<DATELINE>    LAKE FOREST, Calif., March 23 -
+    </DATELINE><BODY>Shr loss 15.23 dlrs vs profit 12 cts
+    Net loss 124,634,000 vs profit 882,000
+    Revs 38.4 mln vs 41.0 mln
+    Year
+    Shr loss 15.46 dlrs vs profit 48 cts
+    Net loss 126,434,000 vs profit 3,555,000
+    Revs 187.0 mln vs 133.2 mln
+    Avg shrs 8,177,000 vs 7,450,000
+    Note: Current year results include charges related to
+closing or divestitures of facilities and other assets.
+    Full name Westworld Community Healthcare Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13811" NEWID="8290">
+<DATE>23-MAR-1987 10:49:54.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1178&#31;reute
+r f BC-ROSTENKOWSKI-URGES-HO   03-23 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSTENKOWSKI URGES HONESTY IN FUTURES INDUSTRY</TITLE>
+<DATELINE>    BOCA RATON, Fla, March 23 - </DATELINE><BODY>U.S. House Ways and Means
+Committee Chairman Dan Rostenkowski (D-Ill.) said Congress
+would more readily respond to the needs of the U.S. futures
+industry to be internationally competitive if the industry
+showed a willingness to do its business honestly.
+    Rostenkowski told the Futures Industry Association that if
+other countries were relaxing futures regulations "because ours
+are being tightened, so that they can take a competitive
+advantage, I think we (Congress) have a responsibility to keep
+you out in front."
+    But he warned the futures leaders that they "have a more
+important reponsibility to do your business honestly. You can't
+ignore the trader who is improperly using his opportunity."
+    There have been reports recently of futures traders placing
+their own orders ahead of clients'. The Chicago Mercantile
+Exchange is considering curbing the right of traders in the
+Standard and Poor's 500 pit to trade for their own and clients'
+accounts.
+    "If we can see that there is a responsible response from
+people in your industry, we will be the first there to help." he
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13812" NEWID="8291">
+<DATE>23-MAR-1987 10:51:21.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1183&#31;reute
+d f BC-KINGS-ROAD-ENTERTAINM   03-23 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KINGS ROAD ENTERTAINMENT INC &lt;KREN> 3RD QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 23 -
+    </DATELINE><BODY>Shr loss seven cts vs loss 64 cts
+    Net loss 367,000 vs 3,009,000
+    Revs 2,516,000 vs 8,787,000
+    Avg shrs 4,941,000 vs 4,714,000
+    Nine mths
+    Shr loss 73 cts vs loss 1.17 dlrs
+    Net loss 3,545,000 vs loss 4,573,000
+    Revs 6,788,000 vs 13.3 mln
+    Avg shrs 4,856,000 vs 3,908,000
+    NOTE: Prior year net includes tax credits of 63,000 dlrs in
+quarter and 1,395,000 dlrs in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13813" NEWID="8292">
+<DATE>23-MAR-1987 10:51:36.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1185&#31;reute
+d f BC-PAYCHEX-INC-&lt;PAYX>-3R   03-23 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAYCHEX INC &lt;PAYX> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 23 -
+    </DATELINE><BODY>Shr 13 cts vs 10 cts
+    Net 1,109,000 vs 875,000
+    Revs 16.6 mln vs 13.2 mln
+    Nine mths
+    Shr 44 cts vs 33 cts
+    Net 3,770,000 vs 2,851,000
+    Revs 46.9 mln vs 36.9 mln
+    NOTE: Share adjusted for three-for-two stock split in June
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13814" NEWID="8293">
+<DATE>23-MAR-1987 10:51:43.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1186&#31;reute
+d f BC-IC-INDS-&lt;ICX>-TO-SELL   03-23 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IC INDS &lt;ICX> TO SELL CERTAIN ASSETS TO MLX </TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>IC Industries Inc said its Abex Corp
+subsidiary agreed to sell its sintered friction materials
+business in Italy to Troy, Michigan-based MLX Corp, for
+undisclosed terms.  Completion of the proposed transaction is
+subject to approval by the Italian government, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13815" NEWID="8294">
+<DATE>23-MAR-1987 10:53:19.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1192&#31;reute
+r f BC-RELIABLE-LIFE-INSURAN   03-23 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RELIABLE LIFE INSURANCE CO &lt;RLIFA> YEAR NET</TITLE>
+<DATELINE>    ST. LOUIS, March 23 -
+    </DATELINE><BODY>Shr 4.87 dlrs vs 2.21 dlrs
+    Net 14.6 mln vs 6,639,540
+    NOTE: 1986 net includes gain 2,578,887 dlrs from chjange in
+accounting for pension plans and investment gaions of over
+three mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13816" NEWID="8295">
+<DATE>23-MAR-1987 10:55:55.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1200&#31;reute
+d f BC-PRIME-COMPUTER-&lt;PRM>   03-23 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIME COMPUTER &lt;PRM> INTRODUCES WORKSTATION</TITLE>
+<DATELINE>    PHILADELPHIA, March 23 - </DATELINE><BODY>Prime Computer Inc said it
+introduced an interactive three dimensional graphics
+workstation.
+    Prime said it is its first offering in a new
+engineering/scientific product line and employs Prime's
+implementation of ATT's &lt;T> UNIX System V.3 operating system, a
+program that controls the computer.
+    Prime said the new product delivers up to twice the
+performance of the IRIS 3120 series, considered the industry's
+leading 3-D graphics workstation, and is driven by five times
+the performances of a VAX 11/780 system.
+    Shipment is scheduled for June, 1987, and the product's
+standard configuration is priced at 74,900 dls with a monthly
+maintenance fee of 492 dlrs, Prime said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13817" NEWID="8296">
+<DATE>23-MAR-1987 10:56:20.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1202&#31;reute
+d f BC-RAVEN-INDUSTRIES-INC   03-23 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAVEN INDUSTRIES INC &lt;RAV> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    SIOUX FALLS, S.D., March 23 -
+    </DATELINE><BODY>Shr profit six cts vs loss nine cts
+    Net profit 101,000 vs loss 142,000
+    Sales 12.6 mln vs 8,736,000
+    Year
+    Shr profit 1.34 dlrs vs profit 1.02 dlrs
+    Net profit 2,122,000 vs profit 1,611,000
+    Sales 52.3 mln vs 41.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13818" NEWID="8297">
+<DATE>23-MAR-1987 10:56:25.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1203&#31;reute
+d f BC-HEMODYNAMICS-INC-&lt;HMD   03-23 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEMODYNAMICS INC &lt;HMDY> YEAR LOSS</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 23 -
+    </DATELINE><BODY>Shr loss 24 cts vs loss 41 cts
+    Net loss 148,070 vs loss 251,225
+    Sales 1,298,257 vs 319,588
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13819" NEWID="8298">
+<DATE>23-MAR-1987 10:56:34.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1204&#31;reute
+d f BC-DELOITTE-HASKINS-SELL   03-23 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELOITTE HASKINS SELLS GETS STAKE IN COMPANY</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>&lt;Deloitte Haskins and Sells>, an
+accounting and consulting firm, said it bought a stake in
+&lt;Holland Systems Corp>, a software and services company.
+    The company also said it set up a venture with Holland
+Systems to develop and market an integrated line of information
+management products and services.
+    It said products from the venture are expected to be
+introduced within the next year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13820" NEWID="8299">
+<DATE>23-MAR-1987 10:58:29.98</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1208&#31;reute
+b f BC-/-FED-EXPECTED-TO-SET   03-23 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO SET CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>The Federal Reserve is expected to
+intervene in the government securities market to add temporary
+reserves indirectly via 1.5 to 2.5 billion dlrs of customer
+repurchase agreements, economists said.
+    They said that while the Fed has only a moderate add need
+over the next few days, it will probably intervene in an
+attempt to counteract an elevated federal funds rate.
+    Fed funds, which averaged 6.09 pct on Friday, opened at
+6-3/16 pct and remained at that level in early trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13821" NEWID="8300">
+<DATE>23-MAR-1987 10:58:47.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1210&#31;reute
+d f BC-MOTO-PHOTO-INC-&lt;MOTO>   03-23 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOTO PHOTO INC &lt;MOTO> 4TH QTR NET</TITLE>
+<DATELINE>    DAYTON, Ohio, March 23 -
+    </DATELINE><BODY>Oper shr profit one ct vs loss six cts
+    Oper net profit 148,628 vs loss 249,192
+    Revs 3,772,639 vs 1,101,633
+    Avg shrs 5,235,233 vs 4,371,795
+    Year
+    Oper shr loss 10 cts vs loss 19 cts
+    Oper net profit 5,760 vs loss 788,042
+    Revs 9,899,038 vs 3,819,678
+    Avg shrs 4,837,361 vs 4,163,006
+    NOTE: Share after poreferred dividends.
+    Current year net both periods excludes 15,000 dlr tax loss
+carryforward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13822" NEWID="8301">
+<DATE>23-MAR-1987 10:58:58.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f1211&#31;reute
+u f BC-CANCAPITAL-SAYS-IT-SO   03-23 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANCAPITAL SAYS IT SOLD POCO SHARES</TITLE>
+<DATELINE>    Calgary, Alberta, March 23 - </DATELINE><BODY>CanCapital Corp said it sold
+four mln common shares and one mln common share purchase
+warrants of &lt;Poco Petroleums Ltd> to Merrill Lynch Canada Inc
+and First Marathon Securities Ltd for resale to public
+investors.
+    The common shares will be resold at 15.875 dlrs per share
+and the warrants will be resold at 7.25 dlrs per warrant.
+    Each warrant may be converted into one common shares of
+Poco at 9.50 dlrs per share through January 15, 1989. Gross
+proceeds of 70.8 mln dlrs will be added to the working capital
+CanCapital Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13823" NEWID="8302">
+<DATE>23-MAR-1987 11:01:23.79</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1217&#31;reute
+f f BC-******U.S.-TREASURY'S   03-23 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY'S BAKER SAYS CURRENCIES WITHIN RANGES THAT BETTER REFLECT FUNDAMENTALS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13824" NEWID="8303">
+<DATE>23-MAR-1987 11:01:33.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1218&#31;reute
+f f BC-******BAKER-URGES-BAN   03-23 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BAKER URGES BANKS TO MULL NEW IDEAS FOR CUTTING 3RD WORLD DEBT BURDEN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13825" NEWID="8304">
+<DATE>23-MAR-1987 11:01:43.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1219&#31;reute
+f f BC-******BAKER-CONFIDENT   03-23 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BAKER CONFIDENT BANKS WILL MAKE BIG NEW LOANS TO MAJOR DEBTORS IN '87
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13826" NEWID="8305">
+<DATE>23-MAR-1987 11:02:00.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1221&#31;reute
+f f BC-******BAKER-SAYS-U.S.   03-23 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BAKER SAYS U.S. WILL ADD NINE BILLION DLRS TO IADB IF REFORMS MADE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13827" NEWID="8306">
+<DATE>23-MAR-1987 11:02:05.97</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1222&#31;reute
+u f BC-GREECE-SEEKING-EC-SUG   03-23 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREECE SEEKING EC SUGAR NEXT MONTH AT TENDER</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>Greece will hold a buying tender on
+April 8, for reply by April 10, for 40,000 tonnes of white
+sugar from EC member countries, for delivery in four equal
+tranches in May, June, July and August, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13828" NEWID="8307">
+<DATE>23-MAR-1987 11:03:10.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1231&#31;reute
+h f BC-NAKASONE-DEFENDS-SALE   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE DEFENDS SALES TAX AS CAMPAIGNING BEGINS</TITLE>
+<AUTHOR>    By Yuko Nakamikado, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 23 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone defended
+his tax reform plans from fierce opposition, even within his
+own party, as campaigning for local elections began.
+    "Our plan to reform the nation's tax system is by no means
+wrong. Unless we reform the system now, Japan is bound to
+decay, perhaps within the next 10 years," Nakasone told
+supporters of his ruling Liberal Democratic Party (LDP).
+    The April 12 and 26 elections will be the first nationwide
+vote since the LDP's general election victory last July.
+    Opposition parties have shown rare unity in joining to
+fight a proposed five pct sales tax, one of the main planks in
+the tax reform package, and are now challenging the
+LDP-dominated local governments and assemblies.
+    In Tokyo, incumbent Governor Shunichi Suzuki backed by the
+LDP and two centrist parties has said he cannot support the
+sales tax as it stands.
+    A survey by the National Broadcasting Corporation just over
+three weeks ago showed 70 pct of those polled said they would
+take the tax, which Nakasone proposes to implement next
+January, into consideration when they vote.
+    Takako Doi, Chairwoman of the Japan Socialist Party, said
+in a speech in central Tokyo where shop-owners are opposing the
+tax "The elections are a plebiscite against the sales tax. Your
+vote is a vote to force (Nakasone) to retract (it)."
+    The LDP is putting up its own candidates only in Iwate and
+western Shimane but it is supporting independents jointly with
+other parties in other prefectures.
+    A close aide to Nakasone, who asked not to be identified,
+said he sees the sales tax having little impact on the local
+elections since almost all candidates, irrespective of party
+affiliation, are opposing it in prefectural assembly polls.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13829" NEWID="8308">
+<DATE>23-MAR-1987 11:04:14.16</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1237&#31;reute
+u f BC-ZINC-PRODUCERS-APPROA   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZINC PRODUCERS APPROACH EC ON VOLUNTARY CLOSURES</TITLE>
+<DATELINE>    BRUSSELS, March 23 - </DATELINE><BODY>A number of individual zinc producing
+companies have approached the European Commission to sound out
+its reaction to a possible industry plan for a voluntary
+reduction of smelting capacity, Commission sources said.
+    The companies have been told that the Commission could not
+judge whether a plan would be acceptable under European
+Community, EC, competition rules until it had full details,
+they said.
+    In 1983, the industry drew up a plan envisaging the loss of
+about 130,000 tonnes of annual capacity, or about 10 pct of the
+total.
+    However, the industry did not proceed with this plan as
+zinc market conditions improved in 1984, the sources noted.
+    They said the companies which approached the Commission
+recently -- and which they did not name -- appeared to envisage
+a loss of productive capacity similar to that proposed in 1983.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13830" NEWID="8309">
+<DATE>23-MAR-1987 11:04:25.38</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1238&#31;reute
+b f BC-/CURRENCIES-BETTER-RE   03-23 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURRENCIES BETTER REFLECT FUNDAMENTALS - BAKER</TITLE>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>Treasury Secertary James Baker said
+currencies were now within ranges that better reflected
+economic fundamentals.
+    In a speech to the annual meeting of the Inter-American
+Development Bank, he said, "Excchange have moved into ranges
+that better reflect economic fundamentals."
+    He noted that in particular that dollar has fallen from its
+high point in early 1985 helping to moderate protectionist
+pressures in the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13831" NEWID="8310">
+<DATE>23-MAR-1987 11:05:37.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM A
+&#22;&#22;&#1;f1247&#31;reute
+b f BC-/BAKER-SAYS-U.S.-MAKI   03-23 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS U.S. MAKING PROGRESS REFORMING IADB</TITLE>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>U.S. Treasury Secretary James Baker said
+he was making progress negotiating reform of the Inter-American
+Development Bank with other member nations.
+    In a speech prepared for delivery to the annual meeting of
+the IADB, Baker said, "We are making progress in negotiating
+reforms."
+    And he added that if succesful, Washington would be ready
+to put up an additional nine billion dlrs to the seventh IADB
+four-year capital replenishment, an increase of 75 pct.
+    It was not immediately clear what the overall size of the
+capital replenishment would be if the U.S. went ahead with such
+a capital increase.
+    But Baker's statement that he had made progress in
+negotiating reforms came after a weekend meeting of the bank's
+policy making board of governors at which the reform issue was
+put off until next June because of deep differences between
+Washington and Latin borrowing countries.
+    Baker said the U.S. increase would account for 70 pct of
+the bank's useable financial resources.
+    Currently Washington is only allowed to vote 34.5 pct in
+IADB board meetings considering loans to Latin American
+countries.
+    But the Latin borrowing nations control 54 pct of the vote
+and frequently approve loans to which economic reform
+conditions are not tied.
+    Baker pointed out that Western nations which provide 95 pct
+of the bank's financial resources represent just 46 pct of the
+vote.
+    Baker said the U.S seeks a greater say in bank decisions
+for itself and other creditor countries.
+    "In view of this imbalance we don't believe it is
+unreasonable to ask for a change," Baker said. He said the
+changes sought by the U.S. would require loan approval by a
+greater majority of shares than a simple majority.
+    But he stopped short of reaffirming the original U.S.
+position that veto power should exist with a 35 pct vote.
+    Enlarging on reforms Washington would like to see, Baker
+said he wanted the IADB to play a much greater role in the U.S.
+debt strategy for promoting inflation free economic growth,
+open markets and a reduced government role in the economies of
+debtor nations.
+    Under reforms he said the U.S. wants the IADB to adopt a
+major program of lending to specific economic sectors in debtor
+countries on condition the countries carried out policy reforms
+in those areas of their economies.
+    Such reforms would include, among other things, more
+concern for natural resource management.
+    Baker said this lending should help debtors make a
+transition to more open economies and freer markets.
+    He also said the bank could double its current lending
+volume from capital and triple its concessional loans to the
+poorest nations.
+    The Treasury Secretary also called for the IADB to improve
+its analysis of the policies of debtor countries, strengthening
+its process for assessing the specific needs of debtor nations.
+He urged a wholesale reorganization of bank personnel. Baker
+said, "We simply believe that more discretion and policy
+influence should lie with the parties which contribute the
+lion's share of resources."
+    He pointed out that despite tight budget problems the
+Reagan administration has asked Congress to finance the IADB
+and other multilateral development banks.
+    Pointing out that such funding was difficult today in the
+best of circumstances, he said it would be impossible if
+Congress did not have confidence in bank lending policies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13832" NEWID="8311">
+<DATE>23-MAR-1987 11:08:18.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1267&#31;reute
+r f BC-TONKA-&lt;TKA>-SEES-LOWE   03-23 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TONKA &lt;TKA> SEES LOWER FISCAL FIRST QUARTER NET</TITLE>
+<DATELINE>    MINNETONKA, MINN., March 23 - </DATELINE><BODY>Tonka Corp said it expects
+results for its fiscal first quarter to end April four, to
+decline from the record earnings of 3.8 mln dlrs or 57 cts a
+share and revenues of 53.2 mln dlrs.
+    The toy manufacturer attributed its anticipated lower
+financial results to an an expected moderate decline in
+shipments of its Pound Puppies product line.
+    Tonka also said it expects revenues and earnings to remain
+lower through the 1987 first half compared with 1986 record
+results of 125.4 mln dlrs in revenues and 10.3 mln dlrs in net
+earnings or 1.47 dlrs a share.
+    The company said its level of shipments is good despite a
+conservative buying pattern on the part of retailers industry
+wide. Tonka's first quarter shipments will be down somewhat
+from 1986 record levels and gross profit margins will be down
+slightly from a year ago, it said.
+    Second half sales are expected to be stronger based on a
+return to a more traditional seasonal shipping pattern in which
+retailers order and stock conservatively early in the year and
+time large shipments for the second half, it said.
+    Tonka said that while the pace of order writing is trailing
+last year's, bookings are "very good" for orders on several of
+its new product introductions for 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13833" NEWID="8312">
+<DATE>23-MAR-1987 11:08:37.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1270&#31;reute
+u f BC-BRAZIL-DEBT-OFFICIAL   03-23 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL DEBT OFFICIAL OFFERS RESIGNATION</TITLE>
+<DATELINE>    SAO PAULO, March 23 - </DATELINE><BODY>A senior Brazilian debt negotiator,
+Antonio de Padua Seixas, has offered to resign from his post as
+Director for External Debt Management at the Central Bank, a
+bank spokesman said.
+    The spokesman told Reuters by telephone from Brasilia that
+Seixas had offered to resign last week but the government had
+not yet responded.
+    Seixas, who has played a leading role in negotiations with
+creditors over Brazil's 109 billion dlr foreign debt, is not
+attending current debt discussions in Miami.
+    Brazil is talking to bank creditors at Miami during a
+meeting of the Inter-American Development Bank, its first
+discussions with these creditors since it suspended interest
+payments last month on its 68 billion dlr debt to commercial
+banks.
+    The Central Bank spokesman said he did not know why Seixas
+wanted to leave his job.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13834" NEWID="8313">
+<DATE>23-MAR-1987 11:08:54.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1273&#31;reute
+r f BC-CHILD-WORLD-INC-&lt;CWLD   03-23 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILD WORLD INC &lt;CWLD> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    AVON, Mass., March 23 -
+    </DATELINE><BODY>Shr 1.34 dlrs vs 1.09 dlrs
+    Net 15.4 mln vs 12.6 mln
+    Sales 323.6 mln vs 240.2 mln
+    Avg shrs 11.5 mln vs 11.5 mln
+    Year
+    Shr 95 cts vs 91 cts
+    Net 10.9 mln vs 9,368,000
+    Sales 628.8 mln vs 513.1 mln
+    Avg shrs 11.5 mln vs 10.3 mln
+    NOTE: Latest year net cut on mln dlrs by investment tax
+credit loss.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13835" NEWID="8314">
+<DATE>23-MAR-1987 11:09:57.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1282&#31;reute
+h f BC-BAYERNVEREIN-EXPECTS   03-23 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYERNVEREIN EXPECTS UNCHANGED DIVIDEND FOR 1987</TITLE>
+<DATELINE>    MUNICH, March 23 - </DATELINE><BODY>Bayerische Vereinsbank AG &lt;BVMG.F>
+expects to pay an unchanged dividend of 13 marks on 1987
+earnings but profits will only barely reach last year's record
+levels, management board spokesman Maximilian Hackl said.
+    He told the annual news conference that possible credit
+risks, especially those associated with foreign nations, had
+largely been covered. Risk provisions in 1987 were therefore
+unlikely to reach the same high level as in 1986.
+    Group bank net profit rose to 275.52 mln marks in 1986 from
+222.73 mln the previous year and parent bank net profit
+increased to 187.63 mln marks from 161.58 mln.
+    Hackl said that interest margins in the banking business
+had declined to 2.71 pct last year from 2.78 pct the previous
+year. But in the mortgage sector, the margins had increased
+slightly and stood around 0.7 pct.
+    Parent bank commission surplus in the securities business
+had risen almost 15 pct to 358 mln marks in 1986.
+    Expenses for personnel had increased 7.5 pct to 782 mln
+marks and others costs had increased 9.4 pct to 272 mln marks.
+    The parent bank's 1986 partial operating profit, which
+excludes earnings from trading on its own account, had climbed
+two pct to 671 mln marks.
+    The parent bank's balance sheet total rose 5.3 pct to 81.5
+billion marks at end-1986 compared with end-1985, Hackl said.
+    It was boosted by a three billion mark rise in mortgage
+business and a 1.1 billion mark increase in banking business.
+    The mortgage sector's share in total parent bank business
+volume rose to 46 pct from 45.
+    Hackl said that in January and February this year, the
+bank's credit business had not livened up. But despite the
+sharp downturn on German bourses, profits from trading on own
+account had increased in the first two 1987 months compared
+with the same year-ago period. He gave no detailed figures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13836" NEWID="8315">
+<DATE>23-MAR-1987 11:12:26.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V A
+&#22;&#22;&#1;f1296&#31;reute
+b f BC-/BAKER-URGES-BANKS-TO   03-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER URGES BANKS TO MULL NEW LOAN PLANS</TITLE>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>Treasury Secretary James Baker urged
+commercial banks to be open to new ideas for reducing the third
+world debt burden.
+    "I believe the commercial banks need to be open to creative
+ideas for reducing the debt burden," Baker told the annual
+meeting of the Inter-American Development Bank.
+    But he said that he was confident banks would make
+"substantial new lending" to the major debtors this year.
+    He pointed out principal debtor nations are expected to
+grow an average 3.5 pct this year, the fastest real rate of
+growth since 1980.
+    Saying the U.S. debt strategy was making "substantial
+headway", Baker said import volumes of debtor countries are
+forecast to jump over six pct in 1987 and export volumes almost
+five pct -- the best performance in three years.
+    He also said economic growth has kept pace with or
+surpassed the growth in debt for nine of the 15 major debtors
+since 1983.
+    "This is a start -- and I venture to say a good one," the
+Treasury Secretary said, and he urged the audience of Western
+and Latin finance officials and bankers to stand fast against
+suggestions of solutions like debt relief.
+    While such ideas have political appeal, Baker said, they
+would mean a drying up of capital flowing to debtors.
+    And even if free market reforms followed, debt fogiveness
+would frighten away investors who would not "risk their capital
+in a country which abandoned its obligations."
+    And he said, "A debt forgiveness plan that damages
+commercial banks also weakens confidence in world financial
+stability."
+    He cautioned that resolving the debt situation would be a
+"gradual and painstaking" process, varying from country to
+country.
+    Reporting on the U.S. debt strategy, Baker said attitudes
+in debtor nations have changed and there is much greater
+acceptance of free market reforms than hitherto.
+    Some countries like Argentina are pursuing anti-inflation
+programs. Others, like the Philippines and Chile, are
+privatizing companies and swapping debt for equity.
+    The International Monetary Fund and World Bank, meanwhile,
+have committed nearly 12 billion dlrs in loans for the 15 major
+debtor nations since late 1985, official creditors have
+rescheduled 14.5 billion dlrs in outstanding loans through the
+Paris club, while commercial banks are making new loans.
+    Baker pointed out the banks have rescheduld nearly 70
+billion dlrs of debt, reaching agreements recently with Chile,
+Venezuela and Mexico.
+    Elsewhere in his speech, Baker outlined the progress
+industrial nations are making in promoting moderate global
+growth, low inflation and efforts to reduce massive trade
+imbalances.
+    He maintained world economic conditions were "continuuing to
+improve" a development that would provide a positive backdrop
+for debtor nations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13837" NEWID="8316">
+<DATE>23-MAR-1987 11:16:53.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1311&#31;reute
+u f BC-TOKAI-BANK-DOUBLES-ST   03-23 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKAI BANK DOUBLES STERLING CD FACILITY</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>The Tokai Bank Ltd, London Branch, is
+doubling the size of a sterling certificate of deposit issuance
+facility established last year to 200 mln stg from the original
+100 mln, Chemical Bank International Ltd said as arranger.
+    The increase reflects active use of the facility from the
+first month after signing and growing international interest
+from institutional investors at sub-LIBOR (London Interbank
+Offered Rates) levels.
+    Barclay's de Zoete Wedd Ltd has been added to the group of
+dealers for the program.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13838" NEWID="8317">
+<DATE>23-MAR-1987 11:18:47.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1324&#31;reute
+d f BC-DYNAMIC-HOMES-INC-&lt;DY   03-23 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DYNAMIC HOMES INC &lt;DYHM> 4TH QTR NET</TITLE>
+<DATELINE>    DETROIT LAKES, Minn., March 23 -
+    </DATELINE><BODY>Shr nil vs loss two cts
+    Net profit 2,900 vs loss 43,500
+    Revs 1,660,300 vs 950,000
+    12 mths
+    Shr loss 30 cts vs loss 37 cts
+    Net loss 578,900 vs loss 713,300
+    Revs 5,112,100 vs 3,659,600
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13839" NEWID="8318">
+<DATE>23-MAR-1987 11:18:53.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1325&#31;reute
+d f BC-&lt;canada-lease-financi   03-23 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CANADA LEASE FINANCING LTD> 3RD QTR DEC 31 NET</TITLE>
+<DATELINE>    Toronto, March 23 -
+    </DATELINE><BODY>Shr 30 cts vs 12 cts
+    Net 727,000 vs 266,000
+    Revs 27.8 mln vs 21.1 mln
+    Nine mths
+    Shr 59 cts vs 48 cts
+    Net 1,355,000 vs 1,098,000
+    Revs 69.4 mln vs 59.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13840" NEWID="8319">
+<DATE>23-MAR-1987 11:20:56.51</DATE>
+<TOPICS><D>ship</D><D>grain</D><D>oilseed</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1331&#31;reute
+r f BC-ROTTERDAM-GRAIN-HANDL   03-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTTERDAM GRAIN HANDLER SAYS PORT BALANCE ROSE</TITLE>
+<DATELINE>    ROTTERDAM, March 23 - </DATELINE><BODY>Graan Elevator Mij (GEM) said its
+balance in port of grains, oilseeds and derivatives rose to
+70,000 tonnes on March 21 compared with 10,000 a week earlier
+after arrivals of 192,000 tonnes and discharges of 132,000
+tonnes last week.
+    The balance comprised 25,000 tonnes of grains plus oilseeds
+and 45,000 tonnes of derivatives.
+    This week's estimated arrivals total 487,000 tonnes, of
+which 107,000 are grains/oilseeds and 380,000 derivatives.
+    The figures cover around 95 pct of Rotterdam traffic in the
+products concerned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13841" NEWID="8320">
+<DATE>23-MAR-1987 11:21:09.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1332&#31;reute
+u f BC-PUBLIC-SERVICE-N.C.-&lt;   03-23 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLIC SERVICE N.C. &lt;PSNC> RAISES PAYOUT</TITLE>
+<DATELINE>    GASTONIA, N.C., March 23 - </DATELINE><BODY>Public Service Co of North
+Carolina Inc said its board raised the quarterly dividend to 23
+cts per share from 22-1/2 cts previously, as adjusted for a
+two-for-one stock split that takes effect April 27.
+    The dividend is payable July One to holders of record June
+16.
+    The company also said it plans to file soon for an offering
+of  up to one mln new shares, which would give it a total of
+about 8,850,000 post-split shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13842" NEWID="8321">
+<DATE>23-MAR-1987 11:23:19.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1339&#31;reute
+f f BC-******MITSUBISHI-BANK   03-23 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MITSUBISHI BANK'S NY BRANCH SETS ONE BILLION DLR U.S. MEDIUM-TERM NOTE PROGRAM
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13843" NEWID="8322">
+<DATE>23-MAR-1987 11:24:56.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1341&#31;reute
+u f BC-WICKES-&lt;WIX>-PLANS-RE   03-23 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WICKES &lt;WIX> PLANS REVERSE SPLIT, CALLS DEBT</TITLE>
+<DATELINE>    SANTA MONICA, Calif., March 23 - </DATELINE><BODY>Wickes Cos Inc said its
+board authorized a one-for-five reverse stock split and plans
+to call the company's its 12 pct senior subordianted debentures
+due 1994.
+    The company said it will seek shareholder approval of the
+reverse stock split at the annual shareholders meeting
+scheduled for June 18.
+    At January 31 Wickes had 239 mln shares outstanding, the
+company also said.
+    Wickes also said it will call the debentures on Dec 1,
+1987, assuming market conditions remain essentially the same.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13844" NEWID="8323">
+<DATE>23-MAR-1987 11:25:42.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE><D>martens</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1343&#31;reute
+u f BC-BELGIAN-PRIME-MINISTE   03-23 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN PRIME MINISTER DEFENDS AUSTERITY PROGRAM</TITLE>
+<DATELINE>    BRUSSELS, March 23 - </DATELINE><BODY>Belgian Prime Minister Wilfried
+Martens said government austerity programs adopted in the last
+six years had resolved some of the economy's urgent problems,
+but that unemployment remained a major obstacle.
+    Martens told Belgian television the austerity measures had
+brought the country's balance of payments from deficit to
+surplus, helped reduce inflation and boosted economic growth.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13845" NEWID="8324">
+<DATE>23-MAR-1987 11:25:53.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1344&#31;reute
+b f BC-***JEFFERIES-GROUP-SA   03-23 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>JEFFERIES GROUP SAID IT RESOLVED ITS ACCOUNTING DISPUTE WITH SEC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13846" NEWID="8325">
+<DATE>23-MAR-1987 11:27:45.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1351&#31;reute
+u f AM-DEBT-ARGENTINA   03-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA EXPECTS QUICK AGREEMENT WITH BANKS</TITLE>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>Argentina expects to reach agreement with
+its commercial bank creditors in the near future on a new
+financing package including 2.15 billion dlrs in new loans,
+Treasury Secretary Mario Brodersohn said.
+    Addressing Argentine businessman during the Inter-American
+Development Bank (IADB) meeting here, he said the two sides
+will meet again next Thursday in New York.
+    "We have made significant progress over the last 30 days
+and we should have an agreement in a shorter lapse of time than
+managed by Mexico, Venezuela or Chile," he said.
+    Brodersohn reiterated that Argentina's goal is to reach an
+agreement which permits four pct growth this year, following
+last year's 5.5 pct and negative growth in 1985.
+    He said discussions were still continuing on
+debt-capitalization plans and schemes for on-lending, in the
+light of certain Argentine concerns.
+    The government is anxious that debt that is capitalized
+should represent new investment in the country on a dollar
+invested per dollar capitalized basis, rather than a simple
+transfer of ownership of the debt, he said.
+    At the same time, it wants to avoid an expansionary
+monetary impact from on-lending schemes, whereby debt
+repayments are recycled by banks into new loans.
+    Brodersohn said also agreement was close on the proposal
+for so-called exit bonds, whereby creditors can sell out their
+debt.
+    Argentina's 1987 financing needs come to 3.53 billion dlrs,
+including the 2.15 billion from banks and a 1.38 billion dlr
+IMF loan already agreed. It is projecting a current account
+deficit of 2.2 billion dlrs after one of 2.4 billion last year.
+    It estimates export earnings will have dropped by 7.1
+billion dlrs between 1985-87 as a result of falling commodity
+prices.
+    Argentina, owing 50 billion dlrs, is Latin America's fourth
+biggest debtor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13847" NEWID="8326">
+<DATE>23-MAR-1987 11:27:48.73</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1352&#31;reute
+b f BC-ICCO-puts-1986/87-wor   03-23 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ICCO PUTS 1986/87 WORLD COCOA SURPLUS  94,000 TONNES VS 118,000 IN 1985/86 - DELEGATES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13848" NEWID="8327">
+<DATE>23-MAR-1987 11:28:13.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1355&#31;reute
+u f BC-INVESTOR-ACQUIRES-9.9   03-23 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR ACQUIRES 9.9 PCT OF MUNFORD &lt;MFD></TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>A joint venture controlled by Dallas
+investor Bradbury Dyer said it had acquired 377,000 shares, or
+9.9 pct, of the common stock of Munford Inc.
+    In a filing with the Securities and Exchange Commission,
+the concern, which comprises Paragon Associates and Paragon
+Associates II, said it bought the stake for 7,659,000 dlrs and
+may buy more shares.
+    Paragon said it bought the shares for investment purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13849" NEWID="8328">
+<DATE>23-MAR-1987 11:32:43.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1379&#31;reute
+r f BC-costain-to-change   03-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COSTAIN TO CHANGE NAME TO COSCAN DEVELOPMENT</TITLE>
+<DATELINE>    TORONTO, March 23 - </DATELINE><BODY>&lt;Costain Ltd>'s shareholders will be
+asked at the April 16 annual meeting to approve a change in the
+company's name to Coscan Development Ltd, the company said in
+the annual report.
+    Under terms of the 1984 sale of controlling interest in the
+company to &lt;Carena-Bancorp Inc> from Costain Group Plc, the
+Costain name was to be changed.
+    Costain said a settlement was reached with the Costain
+Group concerning a legal action launched before shareholders at
+the 1986 annual meeting approved in principle changing the
+company's name to Costan. The Costan name was not implemented.
+    Costain also said in the annual report that it should
+report further growth in earnings due to increased level of
+activity in 1987 and expectation of improved margins.
+    It said it expects housing revenue will increase by 25 pct
+in 1987, supported by an increased number of active projects
+and a carry forward of 427 sales. Costain reported housing
+revenue in 1986 of 229.6 mln dlrs, up from 159.2 mln dlrs in
+1985.
+    Costain previously reported 1986 earnings of 12.9 mln dlrs
+or 93 cts a share, compared to 6.9 mln dlrs or 63 cts a share
+in the prior year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13850" NEWID="8329">
+<DATE>23-MAR-1987 11:32:56.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1380&#31;reute
+b f BC-/MITSUBISHI-NY-BRANCH   03-23 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI NY BRANCH SETS U.S. CD NOTE PROGRAM</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>The New York branch of Mitsubishi Bank
+Ltd said it set a one billion dlr U.S. medium-term certificate
+of deposit note program.
+    The bank said this will be the largest such program ever
+established by a U.S. or foreign commercial bank.
+    Proceeds of the continuous offering of the medium-term CD
+notes will be used for general funding purposes of the New York
+bank. The firm named Morgan Stanley and Co Inc as lead agent of
+the program, with Merrill Lynch Capital Markets and Salomon
+Brothers Inc as co-agents. The parent company had total assets
+of 210 billion dlrs as of September 30, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13851" NEWID="8330">
+<DATE>23-MAR-1987 11:35:47.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1400&#31;reute
+u f BC-JEFFERIES-&lt;JEFG>-SETT   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES &lt;JEFG> SETTLES DISPUTE WITH SEC</TITLE>
+<DATELINE>    LOS ANGELES, March 23 - </DATELINE><BODY>Jefferies Group Inc said it
+resolved an accounting dispute with the staff of the Securities
+and Exchange Commission resulting from a brokerage transaction
+in which the company acted as agent for buyer and seller.
+    The transaction resulted in a threat of litigation and a
+settlement involving a 1.2 mln dlr loss to Jefferies Group and
+a personal 3.8 mln dlr loss to former chairman Boyd Jefferies,
+the company said.
+    It also said the dispute was not related to the announced
+settlement with the SEC and the resignation of Boyd Jefferies.
+    Last month the company announced that the SEC had
+questioned its fourth quarter and fiscal year earnings because
+of the method used by the company to account for the
+transaction.
+    In the SEC's view, the 3.8 mln dlr loss incurred by Boyd
+Jefferies should have been recorded by the company  as a loss
+with a corresponding contribution to capital by Jefferies, the
+company said.
+    Jefferies Group reported fourth quarter earnings of 4.3 mln
+dlrs, or 48 cts per share and income of 13.7 mln dlrs, or 1.55
+dlrs per share for all of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13852" NEWID="8331">
+<DATE>23-MAR-1987 11:36:31.90</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1407&#31;reute
+r f BC-BP-&lt;BP>-UNIT-TO-BUILD   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP &lt;BP> UNIT TO BUILD GOLD EXTRACTION PLANT</TITLE>
+<DATELINE>    DENVER, March 23 - </DATELINE><BODY>Amselco Minerals Inc, a unit of British
+Petroleum Co PLC, said it approved construction of a new plant
+with Nerco Minerals Co to process carbon ore to recover
+microscopic gold reserves.
+    The plant, to be located at the Alligator Ridge Mine near
+Ely, Nev., will process 1,000 tons a day of carbon-bearing ore
+to recover 70,000 ounces of gold over three years, it said.
+    The plant will use a chemical process called leaching to
+extract the residual gold, which could not otherwise be
+economically recovered. Operation of the plant, to be jointly
+owned by Amselco and Nerco, is set to start in October.
+    The Alligator Ridge Mine is jointly owned by Amselco and
+Nerco, a unit of Nerco Inc &lt;NER>, which is 90.5 pct owned by
+Pacificorp &lt;PPW>, a Portland, Ore., holding company.
+    The mine has produced about 60,000 ounces of gold a year
+since 1981 using another leaching process, a BP spokesman said.
+The open pit oxide ore reserves of Alligator Ridge will be
+exhausted by August 1987, as expected, when the work force will
+be reduced to about 72 from 127, the company said.
+    The employees remaining after that will operate the new
+plant, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13853" NEWID="8332">
+<DATE>23-MAR-1987 11:37:00.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1410&#31;reute
+r f BC-CANADA-DEVELOPMENT-IN   03-23 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA DEVELOPMENT IN 61 MLN DLR SHARE ISSUE</TITLE>
+<DATELINE>    TORONTO, March 23 - </DATELINE><BODY>&lt;Canada Development Corp> said it
+agreed with investment dealers Wood Gundy Inc and Dominion
+Securities Inc to sell six mln common shares in Canada for
+60,750,000 dlrs at 10.125 dlrs a share.
+    The company said it filed a preliminary prospectus for the
+offer in Ontario and was filing across the rest of Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13854" NEWID="8333">
+<DATE>23-MAR-1987 11:37:35.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1415&#31;reute
+r f BC-BIOCRAFT-&lt;BCL>,-AMERI   03-23 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOCRAFT &lt;BCL>, AMERICAN CYANAMID &lt;ACY> IN PACT</TITLE>
+<DATELINE>    ELMWOOD PARK, N.J., March 23 - </DATELINE><BODY>Biocraft Laboratories Inc
+said it signed a contract with American Cyanamid Co to make
+cefixime, a third generation oral cephalosporin.
+    It said American Cyanamid's Lederle Laboratories filed a
+new drug application with the Food and Drug Administration for
+the product.
+    According to the agreement, Biocraft will manufacture the
+product for American Cyanamid for the first three years of
+commercial production.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13855" NEWID="8334">
+<DATE>23-MAR-1987 11:37:42.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1416&#31;reute
+r f BC-MOTO-PHOTO-&lt;MOTO>-SEE   03-23 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOTO PHOTO &lt;MOTO> SEES BETTER 1ST QUARTER 1987</TITLE>
+<DATELINE>    DAYTON, Ohio, March 23 - </DATELINE><BODY>Moto Photo Inc  president, Michael
+Adler, said he expects the company's first quarter earnings for
+fiscal 1987 to be better than the same quarter a year ago.
+    Adler said, however, that the quarter would still be a
+loss, primarily because it is the low season for the imaging
+business.
+    Photo Moto recored a net loss for the first quarter 1986
+ending March 31 of 328,889 dlrs.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13856" NEWID="8335">
+<DATE>23-MAR-1987 11:38:07.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1420&#31;reute
+d f BC-CANADA-SOUTHERN-PETRO   03-23 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA SOUTHERN PETROLEUM LTD&lt;CSW> 2ND QTR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta - </DATELINE><BODY>Qtr ends Dec 31
+    Shr loss one ct vs profit two cts
+    Net loss 52,922 vs profit 220,041
+    Revs 481,832 vs 824,554
+    Six mths
+    Shr loss one ct vs profit four cts
+    Net loss 104,129 vs profit 345,515
+    Revs 934,685 vs 1,465,153
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13857" NEWID="8336">
+<DATE>23-MAR-1987 11:38:15.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1421&#31;reute
+d f BC-ZENITH-ELECTRONICS-&lt;Z   03-23 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZENITH ELECTRONICS &lt;ZE> TO BRING JOBS TO U.S.</TITLE>
+<DATELINE>    SPRINGFIELD, MO., March 23 - </DATELINE><BODY>Zenith Electronics Corp said
+ratification of a new union contract on Sunday will enable the
+company to bring some jobs back from Mexico to its color
+television manufacturing factory in Springfield, Mo.
+    The company did not specify the number of jobs.
+    It said a new contract ratified by members of the
+International Brotherhood of Electrical Workers will reduce
+wages 8.1 pct in the first three years of the pact. Zenith said
+the contract, replacing an earlier one that was to expire in
+March 1988, assures it will keep 600 assembly jobs from going
+to Mexico.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13858" NEWID="8337">
+<DATE>23-MAR-1987 11:38:21.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1422&#31;reute
+d f BC-RECOTON-CORP-&lt;RCOT>-4   03-23 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECOTON CORP &lt;RCOT> 4TH QTR LOSS</TITLE>
+<DATELINE>    LONG ISLAND CITY, N.Y., March 23 -
+    </DATELINE><BODY>Shr loss 14 cts vs profit 26 cts
+    Net loss 384,000 vs profit 714,000
+    Revs 8,367,000 vs 9,909,000
+    Year
+    Shr profit 19 cts vs profit 57 cts
+    Net profit 518,000 vs profit 1,547,000
+    Revs 28.7 mln vs 26.7 mln
+    NOTE: Includes income tax credits of 302,000 dlrs and 1.3
+mln dlrs in 1986 and 1985, respectively, and 602,000 dlrs in
+1985 qtr. Current qtr after tax provision of 452,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13859" NEWID="8338">
+<DATE>23-MAR-1987 11:38:25.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1423&#31;reute
+d f BC-SANFORD-CORP-&lt;SANF>-1   03-23 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANFORD CORP &lt;SANF> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    BELLWOOD, Ill., March 23 -
+    </DATELINE><BODY>Shr 28 cts vs 13 cts
+    Net 1,898,000 vs 892,000
+    Sales 16.8 mln vs 15.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13860" NEWID="8339">
+<DATE>23-MAR-1987 11:38:33.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1424&#31;reute
+d f BC-canada-southern-pete   03-23 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CANADA SOUTHERN PETROLEUM LTD> 2ND QTR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 23 -
+    </DATELINE><BODY>Period ended December 31, 1986
+    Shr loss one ct vs profit two cts
+    Net loss 52,922 vs profit 220,041
+    Revs 481,832 vs 824,554
+    Six mths
+    Shr loss one ct vs profit four cts
+    Net loss 104,129 vs profit 345,515
+    Revs 937,685 vs 1,460,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13861" NEWID="8340">
+<DATE>23-MAR-1987 11:38:42.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1425&#31;reute
+d f BC-HOSPOSABLE-PRODUCTS-I   03-23 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOSPOSABLE PRODUCTS INC &lt;HOSP> 4TH QTR NET</TITLE>
+<DATELINE>    BOUND BROOK, N.J., March 23 -
+    </DATELINE><BODY>Shr 12 cts vs eight cts
+    Net 102,002 vs 59,396
+    Sales 3,024,423 vs 2,437,489
+    Avg shrs 1,032,000 vs 746,004
+    Year
+    Shr 64 cts vs 45 cts
+    Net 570,491 vs 340,852
+    Sales 11.1 mln vs 10.6 mln
+    Avg shrs 1,032,000 vs 753,948
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13862" NEWID="8341">
+<DATE>23-MAR-1987 11:38:57.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1427&#31;reute
+d f BC-DUFF/PHELPS-LOWERS-BE   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS LOWERS BENEFICIAL CORP &lt;BNL> DEBT</TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>Duff and Phelps said it lowered the
+ratings on Beneficial Corp's senior debt to DP-7 (low A) from
+DP-6 (middle A) and preferred stock to DP-8 (High BBB) from
+DP-7, affecting approximately four billion dlrs in debt.
+    The changes reflect the restruction of Beneficial which
+include the sale of subsidiaries Western National Life,
+American Centennial Insurance Co and Beneficial National Bank
+USA. Charges taken last year as a result of reserve
+inadequacies in the property and casualty subsidiary sharply
+reduced the equity base and increased the financial leverage of
+the company, Duff and Phelps said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13863" NEWID="8342">
+<DATE>23-MAR-1987 11:39:10.15</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>bangemann</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1428&#31;reute
+d f BC-BANGEMANN-DENIES-NEWS   03-23 0179</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGEMANN DENIES NEWSPAPER INTERVIEW ON SUBSIDIES</TITLE>
+<DATELINE>    BONN, March 23 - </DATELINE><BODY>The West German Economics Minister today
+denied giving a newspaper interview which quoted him as saying
+the state could not continue to pour money into the country's
+ailing steel and coal industries.
+    Economics Ministry spokesman Dieter Vogel said in a
+statement Bangemann had contacted him from New Zealand, where
+he is attending a General Agreement on Trade and Tariffs (GATT)
+ministerial meeting, to deny giving the interview to the
+conservative daily Die Welt. The paper quoted Bangemann as
+saying that continued subsidies would endanger other parts of
+the German economy by making them uncompetitive.
+    Vogel said Bangemann had pledged that everything possible
+would be done to minimize the effects of reduced coal and steel
+production on the workforces and regions concerned.
+    Die Welt said the interview with Bangemann had taken place
+at a meeting of his Free Democratic Party (FDP) in Darmstadt
+last Friday, adding that it had a tape recording of his
+comments which it would publish tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13864" NEWID="8343">
+<DATE>23-MAR-1987 11:40:34.57</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1434&#31;reute
+f f BC-******FED-SAYS-IT-SET   03-23 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13865" NEWID="8344">
+<DATE>23-MAR-1987 11:43:29.19</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1443&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-23 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange 1.5 billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at 6-3/16 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13866" NEWID="8345">
+<DATE>23-MAR-1987 11:44:43.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1447&#31;reute
+r f BC-HAWKEYE-BANCORP-&lt;HWKB   03-23 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKEYE BANCORP &lt;HWKB> EXCHANGE OFFER EXPIRES</TITLE>
+<DATELINE>    DES MOINES, March 23 - </DATELINE><BODY>Hawkeye Bancorp said its exchange
+offer to holders of its preferred stock expired, and a total of
+14,721 shares of preferred had been tendered.
+    Hawekeye said it expects to accept for exchange all shares
+tendered. It said the exchange ratio would be 15.8446 shares of
+common for each share of preferred stock tendered. As a result,
+Hawkeye would have outstanding 6,922,215 shares of common stock
+and 155,054 shares of preferred which are convertible into
+1,150,005 additional common shares.
+    Upon acceptance of the shares, Hawkeye said it would
+eliminate outstanding preferred shares having dividend
+arrearages totaling 204,499 dlrs and a liquidation preference
+of 1,676,599 dlrs.
+    It said the exchange offer is a part of Hawkeye's
+restructuring in accordance with its previously announced debt
+restructuring agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13867" NEWID="8346">
+<DATE>23-MAR-1987 11:44:59.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1449&#31;reute
+r f BC-IRT-PROPERTY-&lt;IRT>-MA   03-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRT PROPERTY &lt;IRT> MAY SELL CONVERTIBLE DEBT</TITLE>
+<DATELINE>    ATLANTA, March 23 - </DATELINE><BODY>IRT Property Co said it is in talks on
+the issucne in Europe of 30 mln dlrs of 15-year two pct
+debentures convertible into common stock at 23.50 dlrs per
+share.
+    It said investors would have the right to require the
+company to redeem half of the issue during the 49th month of
+the term of the bonds and the remainder during the 73rd month.
+    On exercise of the redemption right, the investors would be
+entitled to repayment of the bond at a premium to par that
+would provide a total rate of return equal to the yield on the
+issue date of four or six-year U.S. Treasury bonds.
+    IRT said conversion would be permitted at any time after 90
+days after completion of the distribution of the debentures. 
+It said the conversion price might be adjusted or the offering
+discontinued based on fluctuations in the market price of IRT
+common before distribution of the debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13868" NEWID="8347">
+<DATE>23-MAR-1987 11:47:16.43</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1459&#31;reute
+u f BC-SWEDISH-GNP-ROSE-LESS   03-23 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH GNP ROSE LESS THAN EXPECTED, FIGURES SHOW</TITLE>
+<DATELINE>    STOCKHOLM, March 23 - </DATELINE><BODY>Sweden's Gross National Product rose
+1.3 pct last year against 2.3 pct in 1985, mainly due to a
+lower than forecast growth in exports and a sharp fall in total
+investments, the Central Bureau of Statistics reported.
+    Private consumption rose 4.1 pct during 1986 against 2.7
+pct in 1985 whereas the Finance Ministry had expected an
+increase of only 3.6 pct. Total investments fell 0.7 pct
+against a rise of 6.3 pct in 1985. The Finance Ministry had
+forecast a rise of 0.3 pct in 1986.
+    Exports rose 2.1 pct last year against 2.3 pct in 1985, but
+the Finance Ministry had predicted a growth of 2.8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13869" NEWID="8348">
+<DATE>23-MAR-1987 11:47:29.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1460&#31;reute
+f f BC-******GENCORP-FILES-S   03-23 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP FILES SUIT AGAINST GENERAL PARTNERS OFFER 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13870" NEWID="8349">
+<DATE>23-MAR-1987 11:48:48.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1463&#31;reute
+u f BC-MCDONALD'S-&lt;MCD>-UP-O   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONALD'S &lt;MCD> UP ON REAFFIRMED RECOMMENDATION</TITLE>
+<DATELINE>    NEW YORK, MARCH 23 - </DATELINE><BODY>McDonald's Corp rose sharply today
+after receiving a second recommendation in as many sessions,
+traders said.
+    Today, analyst Richard Simon of Goldman Sachs and Co
+reaffirmed his recommendation of the stock and put it on his
+"focus list," traders familiar with the recommendation said.
+    Simon was unavailable for comment.
+    The stock jumped 2-3/4 to 79-7/8.
+    On Friday, analyst Daniel Lee of Drexel Burnham Lambert Inc
+reiterated a recommendation of the stock focusing on increased
+comparable store sales and consistent annual earnings growth.
+Friday, the stock closed 1-5/8 points higher.
+    Wendy's, another operator of fast food restaurants, rose
+one to 12-3/4 in active trading. Vague rumors that Wendy's is a
+takeover candidate continued to circulate Wall Street, traders
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13871" NEWID="8350">
+<DATE>23-MAR-1987 11:50:02.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1470&#31;reute
+u f BC-ALLIED-PRODUCTS-CORP   03-23 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED PRODUCTS CORP &lt;ADP> YEAR NET</TITLE>
+<DATELINE>    CHICAGO, March 23 -
+    </DATELINE><BODY>Shr 3.36 dlrs vs 3.33 dlrs
+    Net 16,173,000 vs 10,603,000
+    Sales 420.8 mln vs 276.1 mln
+    Avg shrs 4.4 mln vs 3.2 mln
+    NOTE: 1985 net includes tax credits of 6.9 mln dlrs or 2.19
+dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13872" NEWID="8351">
+<DATE>23-MAR-1987 11:51:05.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1474&#31;reute
+u f BC-AMERICAN-TELEVISION-&lt;   03-23 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN TELEVISION &lt;ATCMA> BUYS TIME &lt;TL> UNIT</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 23 - </DATELINE><BODY>American Television and
+Communications Corp said it has completed the acquisition of
+Manhattan Cable Television Inc from Time Inc for about
+9,400,000 Class B common shares.
+    American Television was spun off from Time in August 1986.
+The company said following this transaction, Time now owns 82
+pct of American Television.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13873" NEWID="8352">
+<DATE>23-MAR-1987 11:51:45.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1476&#31;reute
+d f BC-HIGH-COURT-LETS-STAND   03-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGH COURT LETS STAND RULING FOR WESTERN UNION</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The Supreme Court let stand a ruling
+that threw out a 36-mln-dlr judgment that Western Union
+Telegraph Co had been ordered to pay to a now-defunct
+independent teleprinter vendor.
+    The justices, without comment, left intact a ruling last
+July by a U.S. Court of Appeals in Chicago that threw out the
+jury's 1985 verdict and judgment in a major antitrust case.
+    The case stemmed from a 1977 lawsuit filed by Olympia
+Equipment Leasing Co, Alfco Telecommunications Co and the
+companies' late founder, Abraham Feldman of San Francisco.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13874" NEWID="8353">
+<DATE>23-MAR-1987 11:53:00.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1481&#31;reute
+r f BC-DWG-&lt;DWG>-COMPLETES-S   03-23 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DWG &lt;DWG> COMPLETES SALE OF UNIT</TITLE>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>DWG Corp said it has completed the
+previously-announced sale of its Texsun Corp subsidiary to
+Texsun Corp subsidiary to Sundor Brands Inc for 27.5 mln dlrs
+and the assumption of liabilities.
+    It said proceeds have been placed in escrow pending the
+outcome of talks with lenders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13875" NEWID="8354">
+<DATE>23-MAR-1987 11:54:01.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1484&#31;reute
+u f BC-BANK-OF-TOKYO-MANAGER   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF TOKYO MANAGER IN PERU HURT IN GUN ATTACK</TITLE>
+<DATELINE>    LIMA, March 23 - </DATELINE><BODY>A man identified as the general manager of
+Bank of Tokyo in Peru was wounded in a sub-machine gun attack,
+police said.
+    They said the man, whom they named as Tadao Sawaki, came
+under fire by three gunmen near his office this morning. He was
+in satisfactory condition in hospital, doctors said.
+    Bank of Tokyo officials made no comment. A Japanese embassy
+official identified Sawaki as general manager of the bank. No
+group immediately claimed responsibility for the attack.
+    The bank has over five mln dlrs in foreign loans
+outstanding to Peru, according to economy ministry statistics.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13876" NEWID="8355">
+<DATE>23-MAR-1987 11:54:11.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1485&#31;reute
+r f BC-ALLIED-&lt;ASU>-SELLING   03-23 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED &lt;ASU> SELLING MICHIGAN UNITS</TITLE>
+<DATELINE>    DETROIT, March 23 - </DATELINE><BODY>Allied Supermarkets Inc said it entered
+into a definitive agreement to sell its Michigan operations for
+about 46 mln dlrs in cash and debt plus assumption of
+substantially all of Allied's liabilities other than senior
+subordinated debentures.
+    It said the operations will be sold to Meadowdale Foods
+Inc, a corporation formed by members of its existing
+management, including Chairman David Page and President Lon
+Makanoff.
+    The transaction is conditioned on  Allied's pending merger
+with the Vons Cos Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13877" NEWID="8356">
+<DATE>23-MAR-1987 11:56:14.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1489&#31;reute
+u f BC-BANK-OF-FINLAND-ISSUE   03-23 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FINLAND ISSUES CDS FOR FIRST TIME</TITLE>
+<DATELINE>    HELSINKI, March 23 - </DATELINE><BODY>The Bank of Finland issued for the
+first time a small amount of its own certificates of deposit
+following its decision last Friday to enter the interbank
+market by buying and selling CDs, a Central Bank official said.
+    The official said the volume of the Central Bank CDs, which
+had a maturity of three months, was still small as today's
+transactions were seen as an exercise for what is still a new
+market for the Bank of Finland.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13878" NEWID="8357">
+<DATE>23-MAR-1987 11:56:22.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1490&#31;reute
+u f BC-NASD-TAKES-DISCIPLINA   03-23 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASD TAKES DISCIPLINARY ACTION AGAINST EX-TRADER</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The &lt;National Association of
+Securities Dealers Inc> said it has taken disciplinary action
+against Mark Woltz, a former trader of a major firm, suspending
+him from association with any NASD member for 20 business days,
+fining him 5,000 dlrs and censuring him.
+    NASD did not immediately identify Woltz' former employer.
+    The NASD said the disciplinary action was instituted by its
+Market Surveillance Committee for alleged violations of
+anti-fraud provisions under its Rules of Fair Practice.
+    The association said Woltz consented to the sanctions
+without admitting or denying allegations and the suspension
+will start April 27 and run through May 22.
+    It said its complaint alleges that from March 25, 1985 to
+April 4, 1985 Woltz engaged in a manipulative and deceptive
+practice known as marking the close of the market in a NASDAQ
+security. The NASD did not identify the security.
+    The NASD said the complaint alleges that Woltz, while his
+firm owned a long inventory position in the security, caused
+the firm's quotations of the security to rise on five days
+within five minutes of the market close, causing the firm's bid
+price to be the exclusive high bid at the market close on four
+days and the shared high bid on the other day.
+    It said the complaint alleges that before the market opened
+on each of the following business days, Woltz caused the firm's
+quotation to fall below its closing bid of the prior day.  At
+no time did the firm execute transactions at the
+artificially-raised prices, the NASD said.
+    The NASD said the complain also alleges that Woltz violated
+Article III, Sections 1, 5 and 18 of the Rules of Fair Practice.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13879" NEWID="8358">
+<DATE>23-MAR-1987 11:58:08.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1495&#31;reute
+r f BC-SUMMAGRAPHICS-CONTEND   03-23 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMMAGRAPHICS CONTENDS PATENT SUIT INVALID</TITLE>
+<DATELINE>    FAIRFIELD, Conn., March 23 - </DATELINE><BODY>&lt;Summagraphics Corp> said the
+patent infringement suit filed by Lockheed Corp's &lt;LK> Sanders
+Rogers Associates unit is invalid.
+    Summagraphics said it will seek an injunction to stop
+Sanders from continuing with its suit.
+    The company said prior to Sanders filing a patent for an
+electromagnetic digitizing apparatus, it was working with
+technology that was patented and subsequently reflected in the
+Rogers patent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13880" NEWID="8359">
+<DATE>23-MAR-1987 12:01:43.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1501&#31;reute
+u f BC-KLM-SAYS-IT-IS-NOT-SE   03-23 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLM SAYS IT IS NOT SEEKING AIR ATLANTA STAKE</TITLE>
+<DATELINE>    AMSTERDAM, March 23 - </DATELINE><BODY>KLM Royal Dutch Airlines &lt;KLM.AS> is
+discussing marketing cooperation with U.S. regional carrier Air
+Atlanta Inc but it is not seeking to take a stake in the
+airline, a KLM spokesman said.
+    "We're not considering taking either a majority or minority
+stake in Air Atlanta, but we are thinking of providing them
+with a loan," the spokesman told Reuters in a comment on a Wall
+Street Journal report saying debt-laden Air Atlanta could sell
+as much as 25 pct of its stock to the Dutch airline.
+    KLM last week denied a Dutch press report saying it was
+discussing a takeover of Air Atlanta.
+    The KLM spokesman said Air Atlanta's regional route
+network, centred on Atlanta, Ga, could serve as a feeder to
+KLM's international network, which includes direct flights
+between Atlanta and Amsterdam.
+    KLM and Air Atlanta had been talking "for some time," he
+said, but declined to elaborate further on the talks or give
+details of the loan to Air Atlanta.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13881" NEWID="8360">
+<DATE>23-MAR-1987 12:05:41.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>chirac</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1529&#31;reute
+u f BC-FRANCE-TO-BOOST-RESEA   03-23 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE TO BOOST RESEARCH FUNDS FOR STATE INDUSTRY</TITLE>
+<DATELINE>    PARIS, March 23 - </DATELINE><BODY>The French government will take decisions
+shortly to boost the funds available for technological research
+by state industry, Prime Minister Jacques Chirac said.
+    Speaking to a meeting of the National Association for
+Technical Research, Chirac said the government had not ruled
+out raising the capital of some state groups to make more money
+available for their research programs.
+    "We will take decisions on this shortly -- and they will be
+positive," he said in a departure from a prepared text. He gave
+no details and Industry Ministry officials had no immediate
+comment.
+    Warning that high technology exports were rapidly losing
+world market share, Chirac urged private sector industry to
+step up its research efforts.
+    Private sector research and development spending, at 1.3
+pct of Gross Domestic Product, was below the 1.8 to 1.9 pct of
+GDP spent in the U.S., West Germany and Japan, he said.
+    France awarded only 12,000 registered patents in 1986,
+compared with 20,000 in Britain, 30,000 in West Germany, 60,000
+in the U.S. And more than 200,000 in Japan, he said. In the
+U.S. Market, France was awarded 2,000 patents last year,
+against 6,000 awarded to German and 11,000 to Japanese firms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13882" NEWID="8361">
+<DATE>23-MAR-1987 12:10:21.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1561&#31;reute
+u f BC-GENCORP-SUES-GENERAL   03-23 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP SUES GENERAL PARTNERS</TITLE>
+<DATELINE>    AKRON, OHIO, March 23 - </DATELINE><BODY>Gencorp Inc said it filed suit
+against the unsolicited 100 dlr-a-share tender offer of Wagner
+and Brown and AFG INdustries.
+    Gencorp said it is seeking an injunction against the offer
+because it is violates federal securities laws and margin
+regulations.
+    Gencorp also said its board is carefully studying the offer
+and will make a decision on whether or not shareholders should
+accept or reject it by March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13883" NEWID="8362">
+<DATE>23-MAR-1987 12:10:50.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1565&#31;reute
+r f BC-BIOTECHNOLOGY-&lt;BIOD>   03-23 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOTECHNOLOGY &lt;BIOD> EXTENDS WARRANTS</TITLE>
+<DATELINE>    NEWTON, Mass, March 23 - </DATELINE><BODY>Biotechnology Development Corp
+said its board extended its Class A common stock purchase
+warrants by six months.
+    The warrants were due to expire June 5 and will now expire
+on December 5, 1987.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13884" NEWID="8363">
+<DATE>23-MAR-1987 12:11:07.44</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>ireland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1568&#31;reute
+r f BC-IRISH-INDUSTRIAL-PROD   03-23 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRISH INDUSTRIAL PRODUCTION INDEX UP 6.2 PCT</TITLE>
+<DATELINE>    DUBLIN, March 23 - </DATELINE><BODY>Ireland's industrial production index
+stood at 132.8 in December, a year-on-year rise of 6.2 pct, the
+Central Statistics Bureau reported.
+    In November the index, base 1980, stood at 144.8, showing a
+rise of 4.3 pct on a year-on-year basis.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13885" NEWID="8364">
+<DATE>23-MAR-1987 12:11:11.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1569&#31;reute
+d f BC-NEW-BRUNSWICK-SCIENTI   03-23 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW BRUNSWICK SCIENTIFIC CO INC &lt;NBSC> 4TH QTR</TITLE>
+<DATELINE>    EDISON, N.J., March 23 -
+    </DATELINE><BODY>Shr 22 cts vs six cts
+    Net 819,000 vs 201,000
+    Revs 9.3 mln vs 7.7 mln
+    Year
+    Shr 40 cts vs 20 cts
+    Net 1.5 mln vs 728,000
+    Revs 31.5 mln vs 26.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13886" NEWID="8365">
+<DATE>23-MAR-1987 12:11:18.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1570&#31;reute
+d f BC-COLOROCS-&lt;CLRX>-TO-BE   03-23 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOROCS &lt;CLRX> TO BE ISSUED U.S. PATENT</TITLE>
+<DATELINE>    NORCROSS, Ga., March 23 - </DATELINE><BODY>Colorocs Corp said it has been
+notified the company's first patent for "Improved Print Engine
+for Color Electrophotography" has been granted and will be
+issued tomorrow.
+    The company said the patent embodies discoveries made that
+enabled it to develop its proprietary full color print engine
+which will be applied to copiers, computer printers and
+facsimile equipment. The first product to embody the technology
+is a full color copier which will be manufactured for Colorocs
+by &lt;Sharp Corp>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13887" NEWID="8366">
+<DATE>23-MAR-1987 12:12:15.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1575&#31;reute
+d f BC-INTELLIGENT-BUSINESS   03-23 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELLIGENT BUSINESS &lt;IBCC> 1ST QTR JAN 31</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 23 -
+    </DATELINE><BODY>Shr three cts vs nil
+    Net 328,112 vs 6,374
+    Revs 1,401,155 vs 846,253
+    NOTE: Full name is Intelligent Business Communications Corp
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13888" NEWID="8367">
+<DATE>23-MAR-1987 12:12:55.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1578&#31;reute
+d f BC-principal-neo-tech-se   03-23 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRINCIPAL NEO-TECH SELLS UNIT</TITLE>
+<DATELINE>    TORONTO, March 23 - </DATELINE><BODY>&lt;Principal Neo-Tech Inc> said it
+completed the sale of its subsidiary, Neo-Tech Inc, to Seismic
+Holdings Inc and Energy Holdings Inc, of Denver, Colo.
+    As part of the price, Principal Neo-Tech received notes and
+preferred shares of Energy Holdings. However, terms were not
+disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13889" NEWID="8368">
+<DATE>23-MAR-1987 12:13:22.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1580&#31;reute
+b f BC-******CHARTER-FEDERAL   03-23 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHARTER FEDERAL, JEFFERSON SAVINGS AGREE TO MERGE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13890" NEWID="8369">
+<DATE>23-MAR-1987 12:14:42.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1588&#31;reute
+d f BC-DOE-MAKES-ACID-RAIN-C   03-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOE MAKES ACID RAIN CLEANUP SOLICITATION</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The Department of Energy said it is
+soliciting companies for innovative clean coal technologies as
+part of President Reagan's acid rain initiative.
+    Energy Secretary John Herrington said the 850 mln dlr
+solicitation is tailored to attract industry proposals for
+advanced pollution control devices that can be installed on
+existing coal-fired power plants.
+    Companies submitting the new technologies would need to at
+least match the federal funding share if their concept is
+selected, the DOE said. Herrington said he will appoint a
+senior panel to advise on the technologies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13891" NEWID="8370">
+<DATE>23-MAR-1987 12:15:41.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1594&#31;reute
+d f BC-PHH-&lt;PHH>-BUYS-TWO-DE   03-23 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHH &lt;PHH> BUYS TWO DESIGN FIRMS</TITLE>
+<DATELINE>    HUNT VALLEY, MD, March 23 - </DATELINE><BODY>PHH Group Inc said it acquired
+two design firms for undisclosed terms.
+    In 1986, the two firms, Neville Lewis Associates of New
+York and Walker Associates Inc of L.A., produced 15.6 mln dlrs
+in total fees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13892" NEWID="8371">
+<DATE>23-MAR-1987 12:16:15.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1596&#31;reute
+r f BC-MERRILL-&lt;MER>-SELLS-N   03-23 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL &lt;MER> SELLS NEW ZEALAND DLR NOTES</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Merrill Lynch and Co Inc is offering
+in the domestic debt market 75 mln dlrs of New Zealand
+dollar-denominated notes due 1988, said sole manager Merrill
+Lynch Capital Markets.
+    The notes were assigned a 20 pct coupon and priced at par
+to yield 150 basis points below comparable New Zealand rates.
+    Non-callable for life, the issue is rated A-1 by Moody's
+and AA by Standard and Poor's Corp. The notes have an annual
+interest coupon instead of paying interest semi-annually,
+Merrill said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13893" NEWID="8372">
+<DATE>23-MAR-1987 12:19:29.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1613&#31;reute
+r f BC-MITSUBISHI-RAISES-TRU   03-23 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI RAISES TRUCK PRICES 1.1 PCT</TITLE>
+<DATELINE>    FOUNTAIN VALLEY, CALIF., March 23 - </DATELINE><BODY>&lt;Mitsubishi Motor Sales
+of America Inc> said it is increasing suggested retail prices
+of its line of two- and four-wheel drive trucks by an average
+1.1 pct, or an average of 74 dlrs, effective immediately.
+    It said price increases range from 0.6 pct, or 40 dlrs, on
+the Mighty Max two-wheel drive truck to 1.9 pct, or 190 dlrs,
+on the four-wheel-drive SPX.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13894" NEWID="8373">
+<DATE>23-MAR-1987 12:22:53.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1622&#31;reute
+u f BC-******CHARTER-FEDERAL   03-23 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARTER FEDERAL &lt;CHFD>, JEFFERSON TO MERGE</TITLE>
+<DATELINE>    BRISTOL, Va, March 23 - </DATELINE><BODY>Charter Federal Savings and Loan
+Association of Bristol, Va., said it has agreed to acquire
+Jefferson Savings and Loan Association of Warrenton, Va.
+    Under terms of the transaction, which would result in a 1.3
+billion dlr thrift institution, stockholders of Jefferson will
+get 30.50 dlrs per share, half in cash and half in shares of
+Charter.
+    The resulting association will operate under the name of
+Charter and will be based in Bristol.
+    The transaction is valued at about 16.3 mln dlrs, a
+Jefferson spokesman said.
+    Charter said the merger is subject to approval of the
+Federal Home Loan Bank Board.
+    Jefferson reported a 1.5 mln dlrs loss and assets of 360
+mln dlrs for the year ended September 30, 1986.
+    For the year ended June 30, Charter reported net income of
+7.9 mln dlrs. Assets totaled about 844.0 mln dlrs as of
+December 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13895" NEWID="8374">
+<DATE>23-MAR-1987 12:23:36.23</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1623&#31;reute
+d f BC-TRADE-PROPOSES-NEW-EC   03-23 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE PROPOSES NEW EC GRAIN INTERVENTION RULES</TITLE>
+<DATELINE>    BRUSSELS, March 23 - </DATELINE><BODY>The European Community (EC) cereals
+trade lobby organisation Coceral said it has written to EC Farm
+Commissioner Frans Andriessen to propose a new system for sales
+into intervention, which it claims could save the EC budget
+money.
+    It proposes that applications for intervention be made
+through a certificate valid for execution three months later.
+If during the three months the trader found a market elsewhere,
+he could buy back the certificate on payment of a one pct
+premium.
+    Coceral argues that this would restore the original
+function of intervention as a safety net and would end the
+present situation in which produce is often sold into
+intervention as a precaution.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13896" NEWID="8375">
+<DATE>23-MAR-1987 12:27:00.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1630&#31;reute
+b f BC-COMMUNAUTE-URBAINE-DE   03-23 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNAUTE URBAINE DE MONTREAL ISSUES NOTES</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>Communaute Urbaine de Montreal is
+issuing a 75 mln Canadian dlr bond due April 22, 1997 carrying
+a coupon of 8-7/8 pct and priced at 101-5/8, Banque Nationale
+de Paris said as lead manager.
+    The notes are available in denominations of 1,000 and
+10,000 dlrs and will be listed on the Luxembourg Stock
+Exchange. Payment date is April 22, 1987. The issuers'
+outstanding securities are rated A-plus by Standard and Poor's
+Corp.
+    There is a 1-1/4 pct selling concession and 5/8 combined
+management and underwriting fee.
+ REUTERS
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13897" NEWID="8376">
+<DATE>23-MAR-1987 12:29:48.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1645&#31;reute
+d f BC-LOPAT-&lt;LPAT>-NAMES-WE   03-23 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOPAT &lt;LPAT> NAMES WEST COAST DISTRIBUTOR</TITLE>
+<DATELINE>    WANAMASSA, N.J., March 23 - </DATELINE><BODY>Lopat Industries Inc said &lt;BKK
+Inc>'s Falcon Disposal Service Inc has agreed to become the
+exclusive distributor of Lopat's K-20 toxic waste clean up
+products in 12 western states.
+    Lopat said Falcon's sales specified under the agreement are
+targeted at 43 mln dlrs over the next 54 months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13898" NEWID="8377">
+<DATE>23-MAR-1987 12:32:00.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1649&#31;reute
+h f BC-CHRONAR-&lt;CRNR>-GETS-C   03-23 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRONAR &lt;CRNR> GETS CONTRACT</TITLE>
+<DATELINE>    PRINCETON, N.J., March 23 - </DATELINE><BODY>Chronar Corp said it was
+awarded a contract from Solar Energy Research INsitute, a U.S.
+Department of Energy laboratory, to perform research on
+amorphous silicon photvoltaic cells and submodules.
+    The three-year research program is valued at 9.4 mln dlrs,
+with the costs to be shared equally by Chronar and the
+institute.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13899" NEWID="8378">
+<DATE>23-MAR-1987 12:32:21.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1651&#31;reute
+s f BC-LOWE'S-COS-INC-&lt;LOW>   03-23 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWE'S COS INC &lt;LOW> QTLY DIV</TITLE>
+<DATELINE>    NORTH WILKESBORO, N.C., March 23 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Payable April 30
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13900" NEWID="8379">
+<DATE>23-MAR-1987 12:32:35.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>lebanon</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1652&#31;reute
+u f BC-GROUP-SAYS-U.S.-HOSTA   03-23 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP SAYS U.S. HOSTAGE ILL, OFFERS SWAP</TITLE>
+<DATELINE>    BEIRUT, March 23 - </DATELINE><BODY>Kidnappers of four professors, three
+American and one Indian, said U.S. Hostage Alann Steen was ill
+and offered to free him in exchange for a hundred detainees in
+Israel.
+    "U.S. Spy Alann Steen began to suffer from illness, his
+health might deteriorate and he might die in 10 days," said a
+hand-written statement by Islamic Jihad for the Liberation of
+Palestine delivered to Beirut's independent An-Nahar newspaper.
+    "Our humanitarian motives require that we free him for 100
+detainees in the occupation jails," said the statement, which
+was accompanied by a photograph of Steen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13901" NEWID="8380">
+<DATE>23-MAR-1987 12:37:28.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1681&#31;reute
+w f BC-TOLL-BROTHERS-&lt;TOL>-O   03-23 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOLL BROTHERS &lt;TOL> OPENS NEW ENGLAND OFFICE</TITLE>
+<DATELINE>    HORSHAM, PA, March 23 - </DATELINE><BODY>Toll Brothers Inc said it formed a
+New England divisional office, which will be located in
+Hopkinton, Mass.
+    The office will open April 15. The company said the new
+office opening underscores its commitment to establishing a
+position throughout the Northeast corridor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13902" NEWID="8381">
+<DATE>23-MAR-1987 12:39:04.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1686&#31;reute
+u f BC-HARTFORD-FIRE-&lt;HIG>-T   03-23 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARTFORD FIRE &lt;HIG> TO OFFER PREFERRED</TITLE>
+<DATELINE>    HARTFORD, Conn, March 23 - </DATELINE><BODY>Hartford Fire Insurance Co said
+it filed a registration statement with the Securities and
+Exchange Commission relating to up to 210 mln dlrs aggregate of
+Class C and Class D Preferred stock.
+    Proceeds from any of the stock will be used towards the
+redemption of its Class A preferred Stock, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13903" NEWID="8382">
+<DATE>23-MAR-1987 12:39:30.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1687&#31;reute
+f f BC-FRENCH-13-WEEK-T-BILL   03-23 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH 13-WEEK T-BILL AVERAGE RATE FALLS TO 7.37 PCT FROM 7.46 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13904" NEWID="8383">
+<DATE>23-MAR-1987 12:41:52.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1695&#31;reute
+d f BC-HAHN-SAYS-VW-EQUAL-TO   03-23 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAHN SAYS VW EQUAL TO CURRENCY SCANDAL CHALLENGE</TITLE>
+<DATELINE>    WOLFSBURG, West Germany, March 23 - </DATELINE><BODY>Volkswagen AG &lt;VOWG.F>
+managing board chairman Carl Hahn said the company was equal to
+the challenge of overcoming potential losses from allegedly
+fraudulent currency transactions.
+    He said the potential losses of 480 mln marks were a
+setback for VW but added the company's past conservative
+financial management meant VW was up to the challenge.
+    VW would not cut back on investment or fringe benefits
+because of the possible currency losses, he told workers in a
+speech before driving the 50 millionth vehicle produced by VW
+off the assembly line.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13908" NEWID="8384">
+<DATE>23-MAR-1987 12:42:33.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1698&#31;reute
+u f BC-WELLCOME-SETS-UP-RETR   03-23 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELLCOME SETS UP RETROVIR DISTRIBUTION SYSTEM</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>&lt;Burroughs Wellcome Co> said it has
+set up a distribution system to ensure the people in most need
+can get Retrovir, the first drug shown to have activity against
+AIDS, during an initial period while supplies of the drug are
+limited.
+    At a press conference here, Paul Dreyer, the company's
+product manager for the drug, said physicians must submit an
+enrollment application to the company for each new patient who
+is a candidate for taking the drug.
+    The company is the U.S. arm of Wellcome Plc.
+    The application will list several items required to
+evaluate a patient. The company will inform doctors within one
+week if a patient meets enrollment criteria and whether there
+are sufficient amounts of the drug available.
+    On Friday, the Food and Drug Administration approved the
+drug for wide clinical use. The drug is not a cure for AIDS,
+but it does prolong the lives of certain people with AIDS, who
+have a history of certain types of pneumonia, and patients with
+an advanced form of AIDS-related complex whose immune systems
+have declined after infection with the virus.
+    The company said it only has enough supply of the drug to
+treat 15,000 patients and by the end of the year should have
+enough supply to treat 30,000 patients.
+    Dreyer said physicians can call 1-800-843-9388 for
+information about distribution of the drug, and pharmacists can
+call 1-800-322-1887 to place orders for the drug.
+    Dreyer added this distribution system will end once an
+adequate supply of the drug is available.
+    Thomas Kennedy, vice president of corporate affairs,
+declined to comment on the cost of developing the drug.
+    Some organizations have criticized the high cost of the
+drug, which is said to be between 7,000 and 10,000 dlrs per
+year for treatment. Dreyer said it took seven months to make
+the drug, and the company obtained the principal raw material
+from Pfizer Inc &lt;PFE>.
+    Dryer said the company is developing other suppliers.
+    The company said it spent 80 mln dlrs for the raw materials
+for the drug and an undisclosed amount on research, but would
+not disclose the total cost of developing Retrovir.
+    Burroughs has cited the high cost of making the drug as one
+of the reasons for its cost.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13905" NEWID="8385">
+<DATE>23-MAR-1987 12:42:51.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1700&#31;reute
+f f BC-******SEC-FINDS-SEPTE   03-23 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEC FINDS SEPTEMBER 11-12 U.S. STOCK MARKET DROP NOT DUE TO INDEX TRADING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13906" NEWID="8386">
+<DATE>23-MAR-1987 12:43:00.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f1701&#31;reute
+d f BC-TANDY-BRANDS-&lt;TAB>-PL   03-23 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDY BRANDS &lt;TAB> PLACES CONVERTIBLE NOTES</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 23 - </DATELINE><BODY>Trandy Brands Inc said 8.0
+mln dlrs of 8.5 pct, 10-year subordinated convetible notes were
+placed with a private institutional investor by Goldman Sachs
+and Co.
+    Tandy Brands also said it completed a new two year credit
+agreement Citicorp's &lt;CCI> Citibank and MCorp's &lt;M> MBank Fort
+Worth providing working capital lines and letters of credit of
+15 mln dlrs in year one and 21 mln dlrs in year two.
+    Tandy Brands said the notes are convertible at 10 dlrs a
+share, noting a previous announcement the price was negotiated
+when the company's common was trading at 7.75 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13907" NEWID="8387">
+<DATE>23-MAR-1987 12:43:13.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1703&#31;reute
+f f BC-******COCA-COLA-SPOKE   03-23 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COCA COLA SPOKESMAN SAID RUMORS COKE SEEKING TAKEOVER OF WENDY'S ARE NOT CORRECT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13909" NEWID="8388">
+<DATE>23-MAR-1987 12:46:47.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1711&#31;reute
+h f BC-COMPUTER-DEVICES-INC   03-23 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER DEVICES INC 4TH QTR</TITLE>
+<DATELINE>    NUTTING LAKE, Mass, March 23 -
+    </DATELINE><BODY>Shr loss one cnt vs profit one cnt
+    Net loss 35,000 vs profit 42,000
+    Revs 881,000 vs 1.3 mln
+    Year
+    Shr profit seven cts vs profit nine cts
+    Net profit 291,000 vs profit 366,000
+    Revs 4.4 mln vs 5.9 mln
+    NOTE:1985 4th qtr and year includes gain of 7,000 dlrs and
+147,000 dlrs respectivley. 1986 year includes gain of 35,000
+dlrs from tax loss carryforwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13910" NEWID="8389">
+<DATE>23-MAR-1987 12:46:57.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1712&#31;reute
+d f BC-ROSTENKOWSKI-URGES-HO   03-23 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSTENKOWSKI URGES HONESTY IN FUTURES INDUSTRY</TITLE>
+<DATELINE>    BOCA RATON, Fla., March 23 - </DATELINE><BODY>House Ways and Means Committee
+Chairman Dan Rostenkowski (D-Ill.) said Congress would more
+readily respond to the needs of the U.S. futures industry to be
+internationally competitive if the industry showed a
+willingness to do its business honestly.
+    Rostenkowski told the Futures Industry Association that if
+other countries were relaxing futures regulations "because ours
+are being tightened, so that they can take a competitive
+advantage, I think we (Congress) have a responsibility to keep
+you out in front."
+    But he told the futures leaders that they "have a more
+important reponsibility to do your business honestly. You can't
+ignore the trader who is improperly using his opportunity."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13911" NEWID="8390">
+<DATE>23-MAR-1987 12:52:04.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1730&#31;reute
+u f BC-YUGOSLAVIA-SEEKS-TWO   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA SEEKS TWO BILLION DLR REFINANCING</TITLE>
+<DATELINE>    BELGRADE, March 23 - </DATELINE><BODY>Deputy Prime Minister Janez Zemljaric,
+speaking before a meeting with the Paris Club of creditor
+nations, said Yugoslavia was seeking to refinance two billion
+dlrs of debt.
+    The official Tanjug news agency quoted Zemljaric as saying
+Yugoslavia expected a "definite measure of understanding" from 16
+western creditor countries when they meet on March 30.
+    Zemljaric was not quoted as saying whether the two billion
+dlrs referred to principal or interest or both. Yugoslavia's
+hard currency debt stands between 19 and 20 billion dlrs.
+    Zemljaric said the International Monetary Fund criticised
+Yugoslavia for not regulating consumption, not having real
+interest rates or market exchange rates, for its inability to
+control monetary policy and slow pace of reform.
+    He said the criticisms were in a report by an IMF
+commission which visited Yugoslavia last December and January.
+    "We cannot accept this assessment because we have made not
+inconsiderable progress under difficult conditions, even though
+we are aware of our own weaknesses," Zemljaric said.
+    He said the report favourably assessed some trends in the
+Yugoslav economy but did not say which.
+    Milos Milosavljevic, also a Deputy Prime Minister, said
+last Friday that Yugoslavia had repaid 640 mln dlrs of
+principal and 325 mln dlrs of interest so far in 1987.
+    According to official Yugoslav figures, Yugoslavia repaid a
+record 5.97 billion dlrs in capital and interest in 1986.
+    In an interview with the West German weekly magazine Der
+Spiegel, Prime Minister Branko Mikulic said last weekend
+Yugoslavia had repaid 28.3 billion dlrs in principal and
+interest between 1981 and 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13912" NEWID="8391">
+<DATE>23-MAR-1987 12:53:00.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1737&#31;reute
+r f BC-DUCOMMON-INC-&lt;DCO>-4T   03-23 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUCOMMON INC &lt;DCO> 4TH QTR LOSS</TITLE>
+<DATELINE>    CYPRESS, Calif., March 23 -
+    </DATELINE><BODY>Oper shr loss 5.60 dlrs vs loss 1.10 dlrs
+    Oper net loss 18,688,000 vs loss 3,662,000
+    Sales 107.3 mln vs 108.7 mln
+    Year
+    Oper shr loss 5.76 dlrs vs loss 98 cts
+    Oper net loss 19,213,000 vs loss 3,263,000
+    Sales 455.2 mln vs 417.0 mln
+    Note: Prior qtr and year figures exclude losses from
+discontinued operations of 279,000 dlrs and 555,000 dlrs,
+respectively and respective losses on sale of discontinued
+operations of 14.6 mln dlrs and 15.9 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13913" NEWID="8392">
+<DATE>23-MAR-1987 12:55:25.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1744&#31;reute
+b f BC-/INDEX-TRADING-NOT-TO   03-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDEX TRADING NOT TO BLAME FOR WALL STREET FALL</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>A report by the U.S. Securities and
+Exchange Commission (SEC) concluded that index trading was not
+to blame for the two-day stock market drop that occurred Sept.
+11-12, 1986
+    The report, made public today, concluded that index trading
+magnified but was not the cause of last fall's two-day
+120-point drop in the Dow Jones Industrial Index.
+    The commission staff said it planned to continue to closely
+monitor developments in index-related trading but planned no
+immediate regulatory action as a result of the precipitous
+stock market decline.
+    "The magnitude of the September decline was a result of
+changes in investors' perceptions of fundamental economic
+conditions, rather than artifical forces arising from
+index-related trading strategies," the report said.
+    "Nevertheless, index-related futures trading was
+instrumental in the rapid transmission of these changed
+investor perceptions to individual stock prices, and may have
+condensed the time period in which the decline occurred."
+    The SEC staff concluded its study "does not provide an
+independent basis to conclude that radical regulatory or
+structural changes are necessary at this time."
+    The report said "the dramatic growth in the size and
+institutional use of index products requires continued careful
+analysis of the potential for disruption of the stock market as
+well as manipulative or other inappropriate trading in the
+index products and their component stocks."
+    It said there "may be merit" to requiring additional
+reporting and record keeping procedures for index-related
+trading. But it added that the SEC staff has not yet considered
+the costs and benefits of the various alternatives.
+    The report does not deal with a second precipitous dip in
+the market which occurred Jan. 23.
+    On that day, the Dow Jones Industrial Average dropped 115
+points in little more than an hour.
+    The SEC said its staff was still analyzing the underlying
+causes of that price decline and had not yet made findings.
+    The SEC study was made after a number of investors, news
+reports and other analysts blamed the Sept. 11-12 drop on
+so-called "program trading," in which computers rapidly execute
+complex trading strategies designed to profit from minute
+changes in the relationship between the price of stock index
+futures and the stocks that make up the index.
+    The investors and analysts complained that such rapid
+movements in the stock market would drive small investors out
+of the market and possible even lead to a stock market crash.
+    But the SEC report said the possibility of a market
+collapse was "remote."
+    It said it believed any rapid stock price decline "likely"
+would eventually be reversed by renewed buying as prices
+reached far lower levels.
+    It also argued that index futures and options are important
+to traders who use them to hedge their market positions and
+lessen risk exposure.
+    "While a 'cascade effect' may be possible as a result of
+index-related trading, it did not ocur on Sept. 11 and 12," the
+report concluded.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13914" NEWID="8393">
+<DATE>23-MAR-1987 12:55:37.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1746&#31;reute
+d f BC-PRE-PAID-LEGAL-&lt;PD>-E   03-23 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRE-PAID LEGAL &lt;PD> ENTERS WASHINGTON MARKET</TITLE>
+<DATELINE>    ADA, Okla., March 23 - </DATELINE><BODY>Pre-Paid Legal Services Inc said it
+will start marketing its Pre-Paid Legal Services contract in
+the state of Washington today.
+    It said it is now doing business in 23 states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13915" NEWID="8394">
+<DATE>23-MAR-1987 12:55:52.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1747&#31;reute
+r f BC-MEM-COM-INC-&lt;MEM>-4TH   03-23 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEM COM INC &lt;MEM> 4TH QTR NET</TITLE>
+<DATELINE>    NORTHVALE, N.J., March 23 -
+    </DATELINE><BODY>Oper shr 93 cts vs 32 cts
+    Oper net 2,443,810 vs 847,609
+    Revs 30.3 mln vs 21.0 mln
+    12 mths
+    Oper shr 1.16 dlrs vs 85 cts
+    Oper net 3,066,407 vs 2,250,781
+    Revs 70.9 mln vs 61.8 mln
+    NOTE: qtr 1985 excludes gain 96,327 dlrs for discontinued
+operations of Lebanon Packaging.
+    Year 1986 and year prior excludes loss 62,216 dlrs, and
+gain 281,367 dlrs, respectively, for discontinued operations on
+Lebanon sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13916" NEWID="8395">
+<DATE>23-MAR-1987 12:56:45.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1753&#31;reute
+d f BC-VENTRA,-MODULAR-FORM   03-23 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENTRA, MODULAR FORM JOINT VENTURE</TITLE>
+<DATELINE>    HIALEAH, Fla., March 23 - </DATELINE><BODY>&lt;Ventra Management Inc> said it
+has formed a joint venture that it will manage to provide lease
+financing for &lt;Modular Computer Systems Inc>
+    Ventra said it will fund leases with the proceeds of a 60
+mln dlr leasing equipment receivable bond offering underwritten
+by Mabon, Nugent and Co.  It said the venture has already
+generated about 10 mln dlrs in computer leases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13917" NEWID="8396">
+<DATE>23-MAR-1987 12:58:06.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1757&#31;reute
+b f BC-COCA-COLA-&lt;KO>-SAYS-R   03-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA COLA &lt;KO> SAYS RUMORS INCORRECT</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>A Coca Cola Co spokesman said rumors
+the company is interested in acquiring Wendy's International
+&lt;WEN> are not true.
+    "Those rumors are not correct," said Carlton Curtis, an
+assistant vice president at Coke. "We have stated many times
+that Coca Cola Co has no interest in an acquisition in the food
+service industry and thereby becoming a competitor to our food
+service customers."
+    Wendy's stock has been flying high on the rumors for two
+days. Today, Wendy's hit a high of 13-3/8 before dropping back
+to 12-3/8, up 5/8 in heavy trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13918" NEWID="8397">
+<DATE>23-MAR-1987 13:03:44.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1781&#31;reute
+d f BC-AMALGAMATED-OFFERS-UN   03-23 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMALGAMATED OFFERS UNIONS BELOW-MARKET MORTGAGES</TITLE>
+<DATELINE>    NEDW YORK, March 23 - </DATELINE><BODY>Amalgamated Bank of New York said
+three locals of the Iron Workers Union will invest a portion of
+their pension funds in below-market, no-points
+Amalgamated-written home mortgages for members.
+    The bank is owned by the Amalgamated Clothing and Textile
+Workers Union.
+    It said about 18 mln dlrs has been set aside for the
+program and loans of up to 150,000 dlrs will be offered in
+fixed-rate and adjustable form.  The bank said if the program
+is successful, there will probably be a substantial increase in
+its funding, and it would expect other unions to look into the
+possibility of initiating programs for their own members.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13919" NEWID="8398">
+<DATE>23-MAR-1987 13:03:57.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1783&#31;reute
+d f BC-SURVIVAL-TECHNOLOGY-&lt;   03-23 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SURVIVAL TECHNOLOGY &lt;SURV> GETS CONTRACT</TITLE>
+<DATELINE>    BETHESDA, Md., March 23 - </DATELINE><BODY>Survival Technology Inc said it
+has received a U.S. Defense Department contract with a ceiling
+price of 14.4 mln dlrs for the produyction of ComboPen
+automatic injectors and Mark I Antidote Kits for the
+self-administration of antidotes to chemical warfare under
+combat conditions.
+    It said deliveries are expected to start this month and be
+completed by August.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13920" NEWID="8399">
+<DATE>23-MAR-1987 13:04:56.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1789&#31;reute
+h f BC-SWEET-VICTORY-INC-&lt;SV   03-23 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEET VICTORY INC &lt;SVIC> YEAR</TITLE>
+<DATELINE>    NEW YORK, March 23 -
+    </DATELINE><BODY>Shr loss 1.16 dlrs vs loss 61 cts
+    Net loss 3.5 mln vs loss 1.3 mln
+    Revs 943,938 dlrs vs 480,333 dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13921" NEWID="8400">
+<DATE>23-MAR-1987 13:15:06.24</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1822&#31;reute
+d f BC-PORTUGUESE-GRAIN-AGEN   03-23 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGUESE GRAIN AGENCY BAN OPPOSED BY MINISTER</TITLE>
+<DATELINE>    LISBON, March 23 - </DATELINE><BODY>Portugal's Agriculture Minister Alvaro
+Barreto said he disagreed with a court order barring the state
+grain buying agency EPAC from taking part in cereals import
+tenders open to private traders.
+    Barreto told reporters his aim was to have EPAC readmitted
+to the tenders.
+    Under the terms of Portugal's January 1986 accession to the
+European Community (EC), a grain import monopoly held by EPAC
+(Empresa Publica de Abastecimento de Cereais) is being reduced
+by 20 pct annually until all imports are liberalised in 1990.
+    Following legal proceedings by private importers, Lisbon's
+civil court decided in a preliminary ruling earlier this month
+that EPAC should not be allowed to take part, as it had done,
+in tenders for the liberalised share of annual grain imports.
+    As a result of this ruling, EPAC was excluded from a March
+12 tender for the import of 80,000 tonnes of maize.
+    Barreto said, "My objective is put EPAC into the tenders
+because it has a right to take part." He added the government
+would be studying the court order to see whether or not the
+ruling could stop EPAC from participating in future tenders.
+    Barreto said there was no reason to exclude any operator,
+whether public or private, from the tenders. Private traders
+had argued that EPAC, given its dominant position in the
+Portuguese grain market, had an unfair advantage over them.
+    "There is no reason to make EPAC a martyr of the system,"
+Barreto said. He said the EC's executive commission had
+accepted the government's view that EPAC should be eligible.
+    The Lisbon court ruling stated that EPAC's participation in
+the public tenders was unfair competition and violated the
+clauses of Portugal's EC accession treaty dealing with the
+gradual dismantling of the state agency's import monopoly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13922" NEWID="8401">
+<DATE>23-MAR-1987 13:24:57.08</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1847&#31;reute
+d f BC-STANDARD-FEDERAL-&lt;SFB   03-23 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD FEDERAL &lt;SFB> OFFERS ZERO-POINT LOAN</TITLE>
+<DATELINE>    TROY, Mich, March 23 - </DATELINE><BODY>Standard Federal Bank said it
+introduced a zero-point fixed rate mortgage loan.
+    The loan program offers borrowers home mortgage financing
+with no discount fees charged.
+    Standard said that fees charged will include an application
+fee, commitment fee and out-of-pocket expenses such as title
+work, survey, recording fees and private mortgage insurance.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13923" NEWID="8402">
+<DATE>23-MAR-1987 13:25:13.50</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1849&#31;reute
+u f AM-IRAQ-OIL   03-23 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IRAQ OIL MINISTER QASSEM AHMED TAQI REPLACED, IRAQI NEWS AGENCY REPORTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13924" NEWID="8403">
+<DATE>23-MAR-1987 13:26:34.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1853&#31;reute
+r f BC-ATKINSON'S-&lt;ATKN>-CAN   03-23 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATKINSON'S &lt;ATKN> CANADA UNIT GETS CONTRACT</TITLE>
+<DATELINE>    SAN FRANCISCO, March 23 - </DATELINE><BODY>Guy F. Atkinson Co of California
+said its Commonwealth Construction Co unit received a 110 mln
+dlr contract covering construction of a paper machine for St.
+Mary's Paper Inc of Ontario, Canada.
+    The company said project startup is scheduled for April
+1987 with completion expected in December 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13925" NEWID="8404">
+<DATE>23-MAR-1987 13:28:10.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1858&#31;reute
+r f BC-DE-HAVILLAND,-SHORT-M   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DE HAVILLAND, SHORT MAY MOVE ON PLANE THIS YEAR</TITLE>
+<DATELINE>    TORONTO, March 23 - </DATELINE><BODY>Boeing Co (BA)'s wholly owned De
+Havilland Aircraft Co of Canada Ltd and &lt;Short Brothers PLC>,
+of Northern Ireland said they might decide later this year
+whether to launch a joint commuter/regional aircraft program.
+    It said a program launch would lead to service entry for
+the new aircraft in 1991.
+    "Provided the ongoing market and detailing design
+configuration studies confirm demand and project viability, a
+decision to launch a joint program could be taken later this
+year," said the companies, which agreed last autumn to a
+12-month assessment of a new generation transport aircraft.
+    De Havilland and Short Brothers said they agreed to the
+basic parameters of the new aircraft, which they said would be
+aimed at the low end of the passenger range.
+    They declined to speculate on engine selection for the
+plane, but said several competitive powerplants were available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13926" NEWID="8405">
+<DATE>23-MAR-1987 13:29:09.00</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM
+&#22;&#22;&#1;f1862&#31;reute
+r f BC-IRAQI-OIL-MINISTER-RE   03-23 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQI OIL MINISTER REPLACED - OFFICIAL</TITLE>
+<DATELINE>    BAGHDAD, March 23 - </DATELINE><BODY>Iraq's Oil Minister Qassem Ahmed Taqi
+has been moved to the Heavy Industries ministry, the official
+Iraqi news agcny INA said tonight.
+    It quoted a Presidential decree appointing Oil Ministry
+undersecretary Isam Abdul-Rahim Al-Chalaby as the new Oil
+Minister.
+    The Ministers of Industry and Communication and Transport
+had both been relieved of their posts, the news agency said.
+    No immediate explanation was given for the changes.
+    Al-Chalaby is the head of the Iraqi National Oil Company.
+    INA said the decree, signed by President Saddam Hussein,
+relieved the Minister of Heavy Industries, Subhi Yassin Khadeir
+of his post and appointed him a Presidential adviser.
+    His ministry was formerly known as the Industry and Mineral
+Resources Ministry. The Minister of Communications and
+Transport, Abdel-Jabbar Abdel-Rahim al-Asadi was also relieved
+of his post and replaced by a member of the ruling Baath party
+regional command, Mohammed Hamza al-Zubeidi. Al-Zubedei is also
+a Presidential adviser. All three ministers involved in the
+reshuffle had spent more than four years in their posts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13927" NEWID="8406">
+<DATE>23-MAR-1987 13:30:26.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1868&#31;reute
+u f BC-ALLEGHENY-&lt;AI>-SUED-O   03-23 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY &lt;AI> SUED OVER PROPOSED BUYOUT</TITLE>
+<DATELINE>    PITTSBURGH, March 23 - </DATELINE><BODY>Allegheny International Inc said it
+and First Boston Inc's &lt;FBC> Sunter Holdings Corp subsidiary
+have been named as defendants in a class action filed in the
+Court of Common Pleas for Allegheny County, Pa., which seeks an
+injunction against Allegheny's proposed merger into Sunter.
+    The company said its board and some former directors and
+First Boston were also named as defendants.
+    It said it and Sunter intend to vigorously oppose the
+action.
+    Allegheny said the class action suit alleges the price to
+be paid in the transaction is grossly unfair. The company said
+the suit's allegations are similar to those contained in an
+earlier federal court suit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13928" NEWID="8407">
+<DATE>23-MAR-1987 13:32:46.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1879&#31;reute
+d f BC-ASTROCOM-CORP-&lt;ACOM>   03-23 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASTROCOM CORP &lt;ACOM> 4TH QTR NET</TITLE>
+<DATELINE>    ST. PAUL, March 23 -
+    </DATELINE><BODY>Shr one ct vs five cts
+    Net 19,174 vs 118,671
+    Revs 3,127,162 vs 2,936,330
+    Year
+    Shr eight cts vs 30 cts
+    Net 198,290 vs 712,087
+    Revs 12.4 mln vs 11.6 mln
+    Avg shrs 2,603,588 vs 2,376,604
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13929" NEWID="8408">
+<DATE>23-MAR-1987 13:33:16.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1883&#31;reute
+d f BC-UNC-&lt;UNC>-GETS-16-MLN   03-23 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNC &lt;UNC> GETS 16 MLN DLR CONTRACT</TITLE>
+<DATELINE>    ANNAPOLIS, March 23 - </DATELINE><BODY>UNC Inc said it has received a 16 mln
+dlr contract from the U.S. Department of Energy for production
+of naval propulsion system components.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13930" NEWID="8409">
+<DATE>23-MAR-1987 13:33:37.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1887&#31;reute
+d f BC-JUNO-LIGHTING-INC-&lt;JU   03-23 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUNO LIGHTING INC &lt;JUNO> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    DES PLAINES, ILL., March 23 -
+    </DATELINE><BODY>Shr 43 cts vs 32 cts
+    Net 1,991,000 vs 1,485,000
+    Sales 11.7 mln vs 9,479,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13931" NEWID="8410">
+<DATE>23-MAR-1987 13:34:07.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1889&#31;reute
+d f BC-WASHINGTON-&lt;WWP>-REQU   03-23 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON &lt;WWP> REQUESTED COMMISSION REVISION</TITLE>
+<DATELINE>    SPOKANE, Wash, March 23 - </DATELINE><BODY>Washington Water Power Co said it
+requested the Washington Utilities and Transportation
+Commission to issue an accounting order which would revise the
+current method of accounting for investment tax credits.
+    Approval of the order would allow the company to apply tax
+credits to earnings in 1987, 1988 and 1989 rather than
+spreading those credits over a period of about 30 years under
+the current method.
+    A similar request was filed with the Idaho Public Utilities
+commission in November of 1986 but hearings have been delayed
+until later in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13932" NEWID="8411">
+<DATE>23-MAR-1987 13:35:21.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1895&#31;reute
+r f BC-LSI-LOGIC-&lt;LLSI>-SETS   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LSI LOGIC &lt;LLSI> SETS 100-MLN-DLR DEBT OFFER</TITLE>
+<DATELINE>    MILPITAS, Calif., March 23 - </DATELINE><BODY>LSI Logic Corp said it intends
+to offer 100 mln dlrs of convertible subordinated debentures
+due 2002, outside the U.S., through Morgan Stanley
+International and Prudential-Bache Capital Funding.
+    The company said it is issuing the debentures with an
+indicated coupon range of 5-3/4 pct to 6-1/4 pct and an
+indicated conversion premium range of 24-26 pct.
+    The debentures will be convertible into common stock
+through the life of the bonds.
+    The company said the debt is expected to be listed on the
+Luxembourg Stock Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13933" NEWID="8412">
+<DATE>23-MAR-1987 13:35:34.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1896&#31;reute
+r f BC-CALABRIAN-BANK-PRESID   03-23 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALABRIAN BANK PRESIDENT ARRESTED FOR EMBEZZLEMENT</TITLE>
+<DATELINE>    COSENZA, Italy, March 23 - </DATELINE><BODY>The president and five senior
+managers of a publicly-owned Italian savings bank and the vice
+president of another major Italian bank have been arrested on
+embezzlement charges, police said.
+    Nicola Calipari, head of Cosenza police investigation
+section, told Reuters &lt;Cassa di Risparmio di Calabria e Luciana
+- Carical> president Francesco Sapio and five managers were
+arrested last night. Three others believed involved had also
+been arrested, including Francesco Del Monte, vice president of
+(Banca Nazionale del Lavoro), he said. Carical holds deposits
+totalling some 6,000 billion lire.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13934" NEWID="8413">
+<DATE>23-MAR-1987 13:35:45.16</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>cotton</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1897&#31;reute
+u f BC-U.S.-FARM-POLICY-DEBA   03-23 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM POLICY DEBATE COULD HIT SENATE SOON</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The Senate this week might take up
+proposed legislation that could serve as a lightning rod to
+expose broad initiatives to change U.S. farm policy.
+    The Senate could consider a House-passed bill that would
+allow wheat and feedgrains farmers to receive at least 92 pct
+of their income support payments if flooding last year
+prevented, or will prevent, them from planting their 1987
+crops, Senate staff members told Reuters.
+    Also pending is a bill extend the life of the National
+Commission on Dairy Policy.
+    Sen. Rudy Boschwitz, R-Minn., intends to offer an amendment
+to one of the bills that would suspend the minimum planting
+requirement for all 1987 wheat, feedgrain, cotton and rice
+producers, an aide said.
+    Under current law, producers must plant at least 50 pct of
+their base acreage to be eligible for 92 pct of their
+deficiency payments.
+    Most major U.S. farm groups have lobbied hard against
+making any fundamental changes in the 1985 farm bill out of
+fear a full-scale debate could expose agricultural problems to
+budget-cutting pressures.
+    Representatives of these farm groups have said they also
+fear efforts by Midwestern Democrats to force a floor vote on a
+bill that would require large acreage set-asides in return for
+sharply higher support prices.
+    However, Sen. Tom Harkin, D-Iowa, sponsor of the bill, told
+Reuters he did not intend to offer his measure as a floor
+amendment but to bring it through the committee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13935" NEWID="8414">
+<DATE>23-MAR-1987 13:37:51.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1903&#31;reute
+u f BC-TEXACO-&lt;TX>-SAYS-IT-H   03-23 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> SAYS IT HAS EVIDENCE OF JUDGE'S BIAS</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., March 23 - </DATELINE><BODY>Texaco Inc said it has filed
+a motion with the Texas Court of Appeals to supplement the
+court record with new evidence it has just received of alleged
+bias by Judge Anthony J.P. Farris against Texaco and its chief
+trial lawyer in its litigation with Pennzoil Co &lt;PZL>.
+    The company contended that the alleged bias provides clear
+grounds for a new trial. It said the motion was filed in
+connection with its appeal of the Pennzoil judgment pending in
+that court.
+    Texaco said the motion introduces two letters written by
+Farris, who has since died, to two Houston lawyers in late
+1984, after he had been assigned the case but before the trial
+began.
+    The company alleged that Farris harbored personal animosity
+against Texaco and its chief trial lawyer, Richard B. Miller,
+due to an earlier motion to have Farris disqualified from the
+case. The motion was filed due to Farris' acceptance of a
+10,000 dlr campaign contribution from Pennzoil's chief trial
+lawyer, Joseph P. Jamail, shortly after the case was assigned
+to him, Texaco said.
+    In February the Texas Appellate Court refused to grant
+Texaco a new trial, finding no evidence that Farris was biased.
+    Texaco said it is preparing its application for a rehearing
+on the merits of its case before the Texas Appelate Court, and
+the application will be filed on March 30.
+    The company said it will ask the court to reconsider its
+decision on the issue of due process in light of the Farris
+letters.
+    In the suit, Pennzoil has been awarded about 10.53 billion
+dlrs in damages from Texaco in connection with Pennzoil's
+proposed merger with Getty Oil Co, which was later taken over
+by Texaco. Texaco is appealing the ruling.
+    A Texaco spokeswoman said the company had known of the
+letters for some time but were unable to release them until now
+due to understandings of confidentiality with the attorneys
+from which they were secured.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13936" NEWID="8415">
+<DATE>23-MAR-1987 13:42:17.13</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>itc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1914&#31;reute
+u f BC-TIN-PACT-SPECIAL-SESS   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIN PACT SPECIAL SESSION THIS WEEK ROUTINE</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>A further special session of the
+International Tin Council, ITC, held here tomorrow, March 24,
+will give member countries an update on the latest debate over
+the hundreds of millions of sterling lost when its buffer stock
+price support scheme failed in October 1985, delegates said.
+    But the ITC quarterly session scheduled for April 8-9 will
+be important, as the council will by then be wanting to decide
+on whether the current pact should be extended beyond June 30
+or just allowed to expire, delegates said. A two year extension
+is possible.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13937" NEWID="8416">
+<DATE>23-MAR-1987 13:48:59.74</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>itc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f1919&#31;reute
+u f BC-/TIN-COUNCIL-WINDING-   03-23 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIN COUNCIL WINDING-UP VERDICT APPEALED</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>Amalgamated Metal Trading, AMT, today
+lodged an appeal against the ruling which prevented its
+petition to wind up the International Tin Council, ITC.
+    The verdict was given by Mr Justice Millett on January 22,
+when AMT led an effort by ITC creditors to recover sums claimed
+by banks and London Metal Exchange brokers as a result of the
+collapse of the ITC's buffer stock operations in October 1985.
+AMT had until March 26 to lodge its appeal.
+    The grounds for the appeal are that the judge erred on
+three points when giving his verdict, Michael Arnold, head of
+the broker creditors group Tinco Realisations, told Reuters.
+    The judge ruled that the U.K. Court had no jurisdiction to
+wind up the Tin Council, that the ITC was not an association
+within the meaning of the Companies Act, and that the
+winding-up petition was not a proceeding in respect of an
+arbitration award. AMT will contest all three points.
+    The U.K. Companies Act allows the possibility of the
+winding-up of what it defines as an association, and AMT will
+argue that the Tin Council falls within this definition, Arnold
+said.
+    The ITC has immunity except for the enforcement of an
+arbitration award, and thus it is important for AMT that the
+court accepts that the winding-up petition represents a move to
+enforce an arbitration ruling.
+    The court originally decided that the winding-up petition
+went wider than the enforcement of such a debt, an AMT
+spokesman said.
+    The appeal is unlikely to be heard for several months, but
+a case brought by fellow ITC creditor Maclaine Watson is to be
+heard on April 28. This is a move by the metal broker to have a
+receiver appointed over the ITC's assets.
+    Since similar arguments will be used in this case, it is
+possible that any appeal in the Maclaine Watson case could be
+consolidated with AMT's appeal, Arnold said.
+    Other ITC creditors have brought direct actions against the
+Council's member states and an application by the governments
+to strike out the first of these, brought by J.H. Rayner
+(Mincing Lane) Ltd, is to be heard on May 11.
+    Shearson Lehman Brothers action against the LME's tin
+"ring-out" in March 1986 is also scheduled to be heard in the
+near future. The hearing date has now been put back slightly to
+June 8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13938" NEWID="8417">
+<DATE>23-MAR-1987 13:51:33.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1923&#31;reute
+r f BC-carling-o'keefe-joins   03-23 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARLING O'KEEFE&lt;CKB> JOINS STADIUM PROJECT</TITLE>
+<DATELINE>    TORONTO, March 23 - </DATELINE><BODY>Carling O'Keefe Ltd, 50.1 pct owned by
+&lt;Elders IXL Ltd>, said it agreed to contribute 5.0 mln Canadian
+dlrs towards the 245 mln dlr cost of building a dome stadium in
+Toronto.
+    The company also said its wholly owned Toronto Argonauts of
+the Canadian Football League signed a 10 year lease, including
+an option for an additional five year term, to play its games
+at the dome stadium.
+    It did not disclose financial terms of the lease, but said
+it was a "very competitive lease" compared to an existing
+agreement with the Canadian National Exhibition stadium.
+    Carling O'Keefe said its 5.0 mln dlr contribution to
+Ontario Stadium Corp, which is undertaking construction and
+fundraising for the dome stadium, includes a 3.5 mln dlr
+donation and a 1.5 mln dlr payment for certain product and
+advertising rights.
+    Under the rights, the brewery will be able to use
+advertising space and feature its products at events that the
+company sponsors, Carling O'Keefe said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13939" NEWID="8418">
+<DATE>23-MAR-1987 13:51:44.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1924&#31;reute
+d f BC-MEDICAL-GRAPHICS-&lt;MGC   03-23 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDICAL GRAPHICS &lt;MGCC> CHAIRMAN RESIGNS</TITLE>
+<DATELINE>    ST. PAUL, March 23 - </DATELINE><BODY>Medical Graphics Corp said William
+Stubblefield resigned as chairman and chief executive officer,
+effective immediately, with President Kye Anderson assuming his
+duties.
+    It said Stubblefield's leadership abilities and personal
+integrity were "unquestioned," but because of "false rumors in
+the investment community" he felt he could no longer be
+effective as an officer.
+    Stubblefield quit as president of Endotronics Inc &lt;ENDO> in
+October. On Friday, Endotronics reported that its auditor,
+Peat, Marwick, Mitchell and Co, said it withdrew its approval
+of the company's financial data for the fiscal year ended Sept
+30, 1986.
+    Endotronics also said it was cooperating with the
+Securities and Exchange Commission and acknowledged a grand
+jury investigation into its operations.
+    Medical Graphics said Stubblefield had made "significant
+contributions" to the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13940" NEWID="8419">
+<DATE>23-MAR-1987 13:52:55.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1934&#31;reute
+d f BC-UNC-RESOURCES-&lt;UNC>-T   03-23 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNC RESOURCES &lt;UNC> TO EXPAND FACILITY</TITLE>
+<DATELINE>    ANNAPOLIS, March 23 - </DATELINE><BODY>UNC Inc said it has reached agreement
+with the U.S. Department of Energy to expand production
+facilities at the company's Naval Products Division in
+Uncasville, Conn.
+    The company said the 55 mln dlr project will start
+immediately and is scheduled for completion in 1990.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13941" NEWID="8420">
+<DATE>23-MAR-1987 13:53:24.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1935&#31;reute
+r f BC-CENTERIOR-ENERGY-&lt;CX>   03-23 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTERIOR ENERGY &lt;CX> SEES LOWER SPENDING</TITLE>
+<DATELINE>    CLEVELAND, March 23 - </DATELINE><BODY>Centerior Energy Corp said its
+construction spending "peaked" in 1986 at 1.1 billion dlrs,
+and annual expenses are expected to be substantially lower over
+the next several years.
+    Last year, the company placed in operation Perry Nuclear
+Unit One. In December, its Davis-Beebe Nuclear Power Station
+resumed operations after an 18-month outage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13942" NEWID="8421">
+<DATE>23-MAR-1987 13:57:16.98</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>iraq</D><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM
+&#22;&#22;&#1;f1947&#31;reute
+r f AM-GULF-AMERICAN   03-23 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PREPARED TO ESCORT KUWAITI TANKERS</TITLE>
+<AUTHOR>    By CHARLES ALDINGER, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The United States has offered Navy
+warships to escort Kuwaiti oil tankers into and out of the 
+Gulf where they could be threatened by new Iranian anti-ship
+missiles, U.S. defense officials said today.
+    "We believe the Kuwaitis have also approached the Soviet
+Union about the possibility of using Soviet tankers" to ship
+their oil, one of the officials told Reuters. "But if there is
+superpower protection, we would rather it come from us," the
+official said.
+    The officials, who asked not to be identified, said Kuwait
+had asked about possible protection for a dozen vessels, most
+of them oil tankers, which could be supplied by three U.S. Navy
+guided missile destroyers and two guided missile frigates now
+in the southern part of the Gulf.
+    "We told them we would give them help and we are waiting to
+hear the Kuwaiti response to our offer," one official said.
+    In addition to a half dozen ships in the U.S. Navy's small
+Mideast Task Force near the Straits of Hormuz, the Pentagon has
+moved 18 warships -- including the Aircraft Carrier Kitty Hawk
+-- into the northern Indian Ocean in the past month.
+    White House and defense officials said today that massing
+of the fleet was routine and had nothing to do with the
+Iran-Iraq war or Iran's recent stationing of Chinese-made 
+anti-ship missiles near the mouth of the Gulf.
+    The land-based missiles have increased concern in Kuwait
+and other Middle East countries that their oil shipments might
+be affected. Several hundred vessels have been confirmed hit in
+the  Gulf by Iran and Iraq since early 1984. White House
+spokesman Marlin Fitzwater told reporters today that it was in
+the U.S. strategic interest to keep the free flow of oil in the
+gulf and through the Straits of Hormuz.
+    But he said U.S. ships in the region were on routine
+maneuvers.
+    Defense Secretary Caspar Weinberger on Sunday declined to
+discuss specifics, but said the United States would do whatever
+was necessary to keep the Gulf shipping open in the face of new
+Iranian anti-ship missiles in the region.
+    "We are fully prepared to do what's necessary to keep the
+shipping going and keep the freedom of navigation available in
+that very vital waterway of the world," he said on NBC
+television's "Meet the Press."
+    The State Department said Friday Iran has been informed
+about U.S. concern over the threat to oil shipments in the
+Gulf. The communciation was sent through Switzerland, which
+represents American interests in Iran.
+     Iran on Sunday denied as baseless reports that it intended
+to threaten shipping in the gulf and warned the United States
+that any interference in the region would meet a strong
+response from Tehran, Tehran Radio said.
+    An Iranian Foreign Ministry spokesman, quoted in a
+broadcast monitored by the BBC in London, said reports that
+Iran intends to threaten shipping in the Gulf were baseless.
+    "In conjunction with this misleading propaganda, America has
+already paved the ground to achieve its expansionist and
+hegemonistic intentions, aiming to build up its military
+presence in the region," he was quoted as saying.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13943" NEWID="8422">
+<DATE>23-MAR-1987 13:57:43.28</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1948&#31;reute
+r f BC-TIMBER-REALIZATION-&lt;T   03-23 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIMBER REALIZATION &lt;TRX> TO SELL REMAINING ACRES</TITLE>
+<DATELINE>    CHICAGO, Ill., March 23 - </DATELINE><BODY>Timber Realization Co said it has
+agreed to sell its remaining 50,000 acres of timberland
+property in Mississippi for about 11.3 mln dlrs in cash.
+    Timber Realization, a limited partnership formed to dispose
+of timberlands and related properties transferred to it by the
+&lt;Masonite Corp>, said that when this sale is completed the
+partnership will have received about 15.2 mln dlrs in cash and
+notes from the sale of its properties since December 23, 1986.
+    The partnership said it will terminate before August 3,
+1987.
+    Prior to that date, the partnership said it expects to form
+a liquidating trust to provide for unresolved claims and
+liablities.
+    Timber Realization said the amount retained in that trust
+will depend on its experience in resolving open items up to the
+termination date, but it added it expects to retain a
+substantial amount in the trust.
+    The partnership said it anticipates making a cash
+distribution of an as yet undetermined amount to unitholders at
+or before the liquidation trust's funding date.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13944" NEWID="8423">
+<DATE>23-MAR-1987 13:59:53.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1951&#31;reute
+r f BC-DOMINION-&lt;D>-SAYS-GRO   03-23 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOMINION &lt;D> SAYS GROUP DROPS OPPOSITION TO PLAN</TITLE>
+<DATELINE>    RICHMOND, Va., March 23 - </DATELINE><BODY>Dominion Resources Inc said it
+has reahced an understanding under which the National Coal
+Association would withdraw its opposition to the company's
+petition for exemptions from the Powerplant and Industrial Fuel
+Use Act of 1978.
+    The company needs the exemptions from the U.S. Department
+of Energy to allow it to build the combined cycle generating
+units Chesterfield 7 and 8.  Chesterfield 7, a 210 megawatt
+unit planned for service in June 1990 at a cost of about 130
+mln dlrs, would initially burn natural gas. Companion unit
+Chesterfield 8 would be built by June 1992.
+    Dominion said the coal group withdrew its opposition to the
+plants after Dominion said it would be willing to pursue
+installation of a coal gasifier for Chesterfield under proper
+economic conditions, so that the units could burn coal gas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13945" NEWID="8424">
+<DATE>23-MAR-1987 14:02:59.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1962&#31;reute
+d f BC-PIONEER-SYSTEMS-INC-&lt;   03-23 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIONEER SYSTEMS INC &lt;PAE> YEAR NOV 29 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 23 -
+    </DATELINE><BODY>Oper shr loss five cts vs loss 1.28 dlrs
+    Oper net loss 155,000 vs loss 3,982,000
+    Sales 37.1 mln vs 34.2 mln
+    NOTE: Net excludes losses from discontinued fabric
+finishing operations of 3,431,000 dlrs vs 5,910,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13946" NEWID="8425">
+<DATE>23-MAR-1987 14:03:04.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1963&#31;reute
+d f BC-AMERICAN-SHARED-HOSPI   03-23 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN SHARED HOSPITAL SERVICES &lt;AMSH> YEAR</TITLE>
+<DATELINE>    SAN FRANCISCO, March 23 - </DATELINE><BODY>Period ended December 31.
+    Shr profit 11 cts vs loss 24 cts
+    Net profit 224,271 vs loss 511,349
+    Revs 7,258,688 vs 7,200,349
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13947" NEWID="8426">
+<DATE>23-MAR-1987 14:03:12.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1965&#31;reute
+s f BC-GEO.-A.-HORMEL-AND-CO   03-23 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEO. A. HORMEL AND CO &lt;HRL> </TITLE>
+<DATELINE>    AUSTIN, MINN., March 23 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts previously
+    Pay May 15
+    Record April 18
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13948" NEWID="8427">
+<DATE>23-MAR-1987 14:05:33.64</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>bolivia</D><D>west-germany</D></PLACES>
+<PEOPLE><D>von-weizsaecker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1975&#31;reute
+u f BC-/BOLIVIA'S-TOP-UNION   03-23 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIVIA'S TOP UNION LEADER JOINS MINERS FAST</TITLE>
+<DATELINE>    LA PAZ, March 23 - </DATELINE><BODY>Bolivia's top union leader today joined
+a hunger strike by 1,300 state employed miners and workers to
+press for higher wages he said.
+    Juan Lechin Oquendo, the veteran secretary general of the
+Bolivian Labour Organization, COB, told reporters: "I am
+joining the fast to abide with our call for a hunger strike".
+    Lechin, 83, became one of 12 COB leaders to join a hunger
+strike to protest against the austerity programme of the
+government of president Victor Paz Estenssoro.
+    The striking leader began his fast as leaders of 9,000
+miners employed by the state corporation COMIBOL were due to
+star negotiations on ways to solve their conflict over pay.
+    About 1,300 miners and workers entered today their fourth
+day of fast in union offices and Roman Catholic churches to
+press for a substantial hike in Bolivia's minimum monthly wage,
+which is 40 bolivianos (about 20 dlrs), COB leader Walter
+Degadillo said.
+    "I will take part in the miners' negotiations because that
+does not force me to suspend my fast," Lechin told reporters.
+    The COMIBOL miners' strike entered its fifth day to press
+for higher wages and more funds for the mining nationalised
+industry.
+    About 20,000 miners, or two-thirds of the working force,
+have been laid off through the government's decision to
+streamline the deficit-ridden state corporation following a
+collapse in the international tin price.
+    The government, faced with mounting social unrest against
+its economic policies, has called the miners' strike and fasts
+part of a campaign aimed at discrediting it during the visit of
+West German president Richard von Weizsaecker, who began a
+four-day visit last Friday.
+    "I regret not being able to attend an invitation by
+president Weizsaecker to a dinner tonight because I am on a
+hunger strike," Lechin told reporters. "I also have to orga-
+nise the strike."
+    Weizsaecker is hosting a dinner tonight for Paz Estenssoro
+and had invited both Lechin and Victor Lopez, the miners'
+federation top leader. Although lopez has not joined the fast,
+union sources said its unlikely he would attend the dinner.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13949" NEWID="8428">
+<DATE>23-MAR-1987 14:05:45.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1976&#31;reute
+r f BC-TWO-U.S.-BANCORP-&lt;USB   03-23 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO U.S. BANCORP &lt;USBC> UNITS MERGE</TITLE>
+<DATELINE>    PORTLAND, Ore., March 23 - </DATELINE><BODY>U.S. Bancorp's Pacific State
+Bank of Lincoln City said it plans to merge with U.S. Bancorp's
+U.S. National Bank of Oregon.
+    Under the pact, Pacific State will become part of the U.S.
+Bank branch system.
+    The company said the merger is expected to be completed
+after mid-year, following regulatory approval.
+    All local staff and management will remain the same, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13950" NEWID="8429">
+<DATE>23-MAR-1987 14:06:08.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1977&#31;reute
+b f BC-******MTS-ACQUISITION   03-23 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MTS ACQUISITION HAS NEGLIGIBLE NUMBER OF CAESARS WORLD SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13951" NEWID="8430">
+<DATE>23-MAR-1987 14:07:27.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1984&#31;reute
+r f BC-WOLVERINE-&lt;WWW>-TO-SE   03-23 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOLVERINE &lt;WWW> TO SELL TWO SUBSIDIARIES</TITLE>
+<DATELINE>    ROCKFORD, MICH., March 23 - </DATELINE><BODY>Wolverine World Wide Inc said
+it signed a letter of intent to sell to an investment group two
+subsidiaries, Kaepa Inc, an athletic footwear maker, and its
+international marketing arm, Kara International Inc.
+    Terms were not disclosed.
+    Wolverine said the action continues the restructuring
+operation begun last July to make the company more competitive
+and profitable. Wolverine said it will concentrate its effort
+in the athletic footwear market in its Brooks footwear
+division.
+    Wolverine said it expects "favorable results in the second
+half as a result" of its restructuring. In 1986 it said
+restructuring helped improve its financial capabilities.
+    The company reported a 12.6 mln dlr loss, or 1.75 dlrs a
+share, in 1986 due largely to a 9.0 mln dlr restructuring
+charge and a 4.0 mln dlr inventory evaluation readjustment
+taken in the second quarter.
+    Since that time, it has sold two small retail operations,
+closed and consolidated five domestic footwear factories and
+closed about 15 retail locations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13952" NEWID="8431">
+<DATE>23-MAR-1987 14:09:02.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1992&#31;reute
+u f BC-U.S.-THRIFTS-CUT-LIAB   03-23 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. THRIFTS CUT LIABILITIES IN JANUARY</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The Federal Home Loan Bank Board
+said thrift institutions insured by the Federal Savings and
+Loan Insurance Corp reduced their liabilities at a 4.1 pct
+annual rate during January.
+    It was the first drop in liabilities in a year and resulted
+from repayments of borrowings, the bank board said.
+    Mortgage loans closed by thrifts in January totaled 15.2
+billion dlrs, down from 31.6 billion dlrs in December. Net new
+deposit withdrawals were up to 2.2 billion dlrs from 1.9
+billion dlrs in December.
+    Total liabilities in January were 1.108 trillion dlrs,
+compared with 1.112 trillion dlrs in December. Capital rose to
+53.51 billion dlrs from 53.17 billion dlrs in December.
+    The bank board said thrifts were net repayers of 4.4
+billion dlrs of borrowings in January, in contrast to their 6.3
+billion dlr net increase in borrowings in December.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13953" NEWID="8432">
+<DATE>23-MAR-1987 14:09:36.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1996&#31;reute
+r f BC-PACIFICARE-&lt;PHSY>-IN   03-23 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFICARE &lt;PHSY> IN TALKS TO ACQUIRE HMO</TITLE>
+<DATELINE>    CYPRESS, Calif., March 23 - </DATELINE><BODY>PacifiCare Health Systems Inc
+said it is in negotiations to acquire Capital Health Care, a
+40,000 member health maintenance organization servicing Salem
+and Corvallis, Ore.
+    The company said it will not disclose terms or other
+details of the acquisition until negotiations are completed.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13954" NEWID="8433">
+<DATE>23-MAR-1987 14:12:02.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1998&#31;reute
+b f BC-******MTS-ACQUISITION   03-23 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MTS ACQUISITION HAD TALKS WITH PRATT HOTEL, SOUTHMARK ON CAESARS WORLD PURCHASE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13955" NEWID="8434">
+<DATE>23-MAR-1987 14:12:15.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1999&#31;reute
+r f BC-DUKE-POWER-&lt;DUK>-BEGI   03-23 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUKE POWER &lt;DUK> BEGINS LICENSING FOR NEW PLANT</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 23 - </DATELINE><BODY>Duke Power Co said it began its
+licensing process for a new hydroelectric power plant on Coley
+Creek, near the towns of Cashiers, N.C., and Salem, S.C.
+    Duke said it will decide whether to pursue the project once
+the licensing process is completed.
+    In order to be producing electricity by the turn of the
+century, the company said, it needed to start the four to six
+year licensing process now.
+    If the site is developed to its full potential of 2,100
+megawatts, its cost will be slightly greater than three billion
+dlrs, including projected effects of inflation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13956" NEWID="8435">
+<DATE>23-MAR-1987 14:12:41.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2002&#31;reute
+d f BC-INITIALS-PLUS-&lt;IINC>   03-23 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INITIALS PLUS &lt;IINC> SEES SHARP SALES INCREASE</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Initials Plus said it expects sales in
+the year ending January 31, 1988 to exceed 10 mln dlrs.
+    The company had sales last year of 256,000 dlrs.
+    Initials said it expects to turn profitable some time in
+1988 and sees sales of 100 mln dlrs annually by the end of
+1989.
+    The company said it now has over 100 personal retailers
+marketing its products and expects to have more than 1,000 by
+the end of 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13957" NEWID="8436">
+<DATE>23-MAR-1987 14:15:36.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2007&#31;reute
+u f BC-IBM-&lt;IBM>-TO-SHIP-NEW   03-23 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> TO SHIP NEW MODEL TWO MONTHS EARLIER</TITLE>
+<DATELINE>    RYE BROOK, N.Y., March 23 - </DATELINE><BODY>International Business Machines
+Corp said it will begin shipping its mid-range 9370 Information
+System up to two months earlier than previously planned.
+    IBM said model 20 and 60 processors with a selected set of
+features will be available starting July 1987. Other 9370
+processor models will be available starting October 1987, it
+said.
+    In addition, the company said shipments of the 9370
+Information System will begin this month to customers
+particiaping int he early support program.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13958" NEWID="8437">
+<DATE>23-MAR-1987 14:18:34.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>senegal</D><D>ivory-coast</D><D>ghana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f2012&#31;reute
+d f AM-COMMUNITY-AID   03-23 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST AFRICA NATIONS RECEIVE MOST EC EXPORT AID</TITLE>
+<DATELINE>    BRUSSELS, March 23 - </DATELINE><BODY>Senegal, Ivory Coast and Ghana are the
+biggest recipients among developing nations of a special
+European Community (EC) aid program to compensate for lost
+export earnings, EC figures published today showed.
+    The EC has special trading and aid agreements with 66
+countries in Africa, the Caribbean and the Pacific. This
+includes a program called STABEX under which it provides aid to
+export-dependent countries if export earnings drop too much.
+    Senegal received about 155 mln European Currency Units (176
+mln dlrs) between 1975 and 1984 mainly to compensate for a fall
+in its peanut export earnings.
+    The Ivory Coast received 108 mln ECUs (123 mln dlrs) and
+Ghana received 91 mln ECUs (104 mln dlrs) mostly to make up for
+a drop in coffee and cocoa export earnings.
+    Under the EC's STABEX aid program (export earnings
+stabilisation system), the Community provides special financial
+assistance to developing countries if export earnings in
+certain raw materials fall below an established level.
+    The EC provided about 1.06 billion ECUs (1.21 billion dlrs)
+in STABEX aid from 1975 to 1984, including 273 mln ECUs (311
+mln dlrs) for losses in peanut exports, 261 mln ECUs (298 mln
+dlrs) for coffee and 150 mln ECUs (171 mln dlrs) for cocoa.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13959" NEWID="8438">
+<DATE>23-MAR-1987 14:19:09.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2015&#31;reute
+u f BC-SOSNOFF-HAS-SMALL-NUM   03-23 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOSNOFF HAS SMALL NUMBER OF CAESARS &lt;CAW> SHARES</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Martin T. Sosnoff said his &lt;MTS
+Acquisition Corp> to date has received only a "negligible"
+number of Caesars World Inc shares in response to its 28-dlr-
+per-share tender offer for all shares.
+    Sosnoff also said he has held preliminary talks with Pratt
+Hotel Corp &lt;PRAT> and Southmark Corp &lt;SM> on forming a joint
+venture to enter into talks to acquire Caesars in a friendly
+transaction in which Sosnoff would have a 50 pct interest and
+Pratt and Southmark the remainder.
+    Sosnoff said the talks with Pratt and Southmark are not
+being actively pursued at the presentand may or may not be
+continued in the future.  He said there could be no assurance
+that a joint venture would be formed or that Caesars would
+agreed to talks.  "Several preliminary contacts with
+representatives of Caesars have not resulted in any indication
+that it wishes to enter into such negotiations," Sosnoff said.
+    He said based on talks with staff members of gaming
+authorities, there can be no assurance that the necessary
+regulatory review of its bid for Caesars World can be completed
+by the original April Three expiration date.
+    Sosnoff said it has extended the tender until May 15.  The
+bid remains subject to regulatory approvals and the arrangement
+of financing.
+    Pratt, which owns the Sands Hotel and Casino in Atlantic
+City, N.J., where Caesars operates the Boardwalk Regency Hotel
+and Casino, recently waged an apparently unsuccessful campaign
+to acquire control of Resorts International Inc &lt;RTA> against
+New York developer Donald Trump.  Southmark owns about 37 pct
+of Pratt Hotel.
+    Caesars World's boasrd has urged rejection of the offer on
+the grounds that it is inadequate and has said it would
+investigate alternative transactions.  Sosnoff currently owns
+about 13.3 pct of Caesars World.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13960" NEWID="8439">
+<DATE>23-MAR-1987 14:19:17.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2016&#31;reute
+h f BC-TECHNOLOGY   03-23 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNOLOGY/ATT'S &lt;T>  EFFORTS TO SELL COMPUTERS</TITLE>
+<AUTHOR>    By Catherine Arnst, Reuters</AUTHOR>
+<DATELINE>    BOSTON, March 23 - </DATELINE><BODY>American Telephone and Telegraph Co is
+another illustration of a maxim already learned by several
+other huge corporations - that success in one segment of the
+electronics industry is very difficult to translate into
+success selling computers.
+    ATT is learning the hard way that all the resources and
+technological advances in the world can not make up for weak
+marketing and sluggish responses to one of the most rapidly
+changing and competitive industries.
+    Consequently, ATT will try again this week to convince the
+world that it is serious about computers, after four years in
+the business, by announcing a set of new products and
+showcasing its latest computer chief, Vittorio Cassoni,
+formerly of ATT's Italian affiliate Ing. C. Olivetti and Co.
+    Industry consultants said ATT will announce a faster
+addition to its 3B line of minicomputers, improved connectivity
+products, a new version of its Unix software operating system
+and assortered peripheral equipment, including a laser printer.
+    The announcements, however, hold "minimal significance" for
+both ATT and the industry, said Forrester Research consultant
+John McCarthy. "They are just never going to be a significant
+player in this market as long as computers play a subjagated
+role to the (telephone) network," he said.
+    ATT, the world's largest company before its breakup in 1984
+and still the pre-eminent phone company in the United States,
+has only been able to carve out a fractional share of the
+computer industry.
+    Last year was particularly disastrous for the company's
+data systems division, which posted a pre-tax operating loss
+for the year of 1.2 billion dlrs (ATT as a whole reported a
+1986 profit of 139 mln, after a 1.7 billion dlr charge against
+earnings, down from 1.56 billion dlrs the prior year).
+    Morale is down throughout the company after ATT reduced its
+work force by 32,000 people last year, leaving a work force of
+290,000, but analysts say the situation in the computer
+division is particularly bad, especially since the computer
+merged its computer and network sales forces.
+    Meanwhile, the company's most successful product, the 6300
+personal computer, ran out of steam in the last three months of
+the year after gaining some five pct of the market.
+    "ATT seemed to lose their focus with the 6300," said
+consultant Norman DeWitt, president of Dataquest Inc. "There
+were no major product enhancements last year and a perception
+developed in the marketplace that the product was tired."
+    Meanwhile, the 6300 had to face increasingly aggressive
+competition from smaller companies that undercut ATT on price
+and offered more technologically advanced machines. "I would
+have to say that, after a fast start, ATT just lost momentum on
+the pc side," said DeWitt.
+    The 3B line of minicomputers has never found great
+acceptance in the market and ATT's Unix operating system,
+though loved by scientists and engineers, has yet to put a
+serious dent in the much more widely used systems adopted by
+industry giant International Business Machines Corp &lt;IBM>.
+    By last fall, ATT executives found themselves trying to
+defuse widespread speculation that ATT was going to abandon or
+sell off the computer division and the company turned over all
+responsibility for personal computers to Olivetti, in which its
+owns a 23.5 pct stake.
+    But analysts said the company's image was dealt another
+blow last week when ATT senior vice president James Edwards,
+who preceded Cassoni as head of the computer division,
+announced he was leaving to become president of TelWatch Inc, a
+small developer of systems to manage networks.
+    Several other executives have also left in recent months,
+including John Walsh, head of the 3B minicomputer line. And,
+although the 43-year old Cassoni has considerable experience
+running Olivetti's successful computer operations, analysts
+expressed concern about his approach to ATT's business.
+    Cassoni has said he wants to acheive recognizable success
+in both within ATT and in the marketplace within two years and
+it is widely assumed that he will rapidly abandon any product
+that does not meet those profitability goals.
+     The problem with such a strategy, analysts said, is that
+it may not give certain products enough time to become
+established and customers may be reluctant to buy a product
+that could be discontinued in a year or two.
+    ATT chairman James Olson took a slightly more conservative
+view of the computer division recently. He lauded Cassoni's two
+year goal but said he expects the data systems division to turn
+around within five years.
+    Olson denied the perception that ATT was retreating "to the
+womb, going back to our old business" of long distance
+telephone systems at the expense of the computer division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13961" NEWID="8440">
+<DATE>23-MAR-1987 14:22:50.74</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2023&#31;reute
+u f AM-GULF-IRAQ 1STLD  03-23 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ REPORTS ATTACKS ON SUPERTANKER, OIL TARGETS</TITLE>
+<AUTHOR>    By MAAMOUN YOUSSEF, Reuters</AUTHOR>
+<DATELINE>    BAGHDAD, March 23 - </DATELINE><BODY>Iraq said today its warplnes had
+attacked a supertanker and four Iranian oil sites and vowed to
+keep up such raids until the Gulf war ends.
+    The surprise escalation of attacks on oil installations
+broke more than a month-long lull in Iraqi air force action.
+    It also followed celebrations yesterday of what Baghdad
+hailed as Iran's failure to achieve victory during the Iranian
+year which ended on Saturday.
+    A high command communique said warplanes hit the western
+jetty at Iran's Kharg island oil terminal in the afternoon and
+struck a supertanker nearby at the same time.
+    The Kharg terminal, attacked about 135 times since August
+1985, was last raided in January.
+    The communique did not identify the supertanker, but said
+columns of smoke were seen billowing from it.
+    In London, Lloyds insurance said the 162,046-ton Iranian
+tanker Avaj was hit on Saturday, when Iraq reported an earlier
+Gulf attack.
+    But there has been no independent confirmation of today's
+supertanker attack nor of other raids on shipping reported by
+Baghdad in the past 24 hours.
+    The last confirmed Iraqi attack took place on March eight,
+when the Iranian tanker Khark-5 was hit south of Kharg.
+    Iraqi warplanes also struck Iran's offshore oilfields at
+Nowruz, Cyrus and Ardeshir in northern gulf, some 80 km (50
+miles) west of Kharg island, today's communique said.
+    The three oilfields have been raided several times in the
+past three years. Oil sources said they were not crucially
+important to Iran's oil export trade.
+    A second high command communique today said Iraqi warplanes
+flew 94 sorties against Iranan targets and positions at the war
+front.
+    It also reported a clash between Iraqi naval units and
+several Iranian boats carrying men to attack an Iraqi oil
+terminal at the northen tip of the Gulf.
+    Two Iranian boats wer destroyed and sunk with their
+occupants and the others fled, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13962" NEWID="8441">
+<DATE>23-MAR-1987 14:30:22.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2038&#31;reute
+u f BC-TALKING-POINT/WENDY'S   03-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/WENDY'S INTERNATIONAL &lt;WEN></TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    New York, March 23 - </DATELINE><BODY>Takeover speculation buoyed Wendy's
+International Inc's stock, even after Coca Cola Co took the
+fizz out of market rumors by denying it was an interested
+suitor.
+    Wendy's retreated from an earlier high of 13-3/8, and lost
+a point when Coca Cola &lt;KO> said the rumors were untrue.
+However, Wendy's remained up 5/8 at 12-3/8 on volume of more
+than three mln shares.
+    Several analysts were skeptical of the rumors, yet they
+said they could not conclude a takeover of the fast food
+restaurant chain was impossible.
+    Wendy's declined comment on takeover rumors of all kinds.
+Yet, a Wendy's spokesman said the company was aware of a
+Business Week article, which named Coke as a potential suitor
+and which market sources said helped ignite the rumor mill.
+    Market sources mentioned Anheuser-Busch Inc &lt;BUD> and
+Pepsico Inc &lt;PEP> as alternatives to Coke as acquirers. Neither
+of those companies would comment, nor would the Wendy's
+official.
+    "It doesn't happen every day, every week, every month, but
+its not unusual for us to be linked with those companies," said
+Denny Lynch, Wendy's vice president of communications.
+    However, Lynch would not comment specifically on the
+current market rumors.
+    Even before Coke denied the rumors, analysts had been
+skeptical of a takeover since Atlanta-based Coke has stated it
+views fast food chains as customers and does not want to become
+a competitor to them.
+    "I can't put another name on it," said Kidder peabody
+analyst Jay Freedman as vaguer rumors continued to hold up
+Wendy's stock. "It very well could be someone's interested."
+    But Freedman said he doesn't believe now is the right time
+for Wendy's to be sold.
+    "They're obviously having operational difficulties. I've
+always believed at the right price Wendy's would consider (an
+offer), but I can't believe this is the right price at the
+right time," Freedman said.
+    "If a transaction takes place, the buyer's going to control
+the situation," Freedman said.
+    "I just don't think there's anything going on. I don't
+think it's worth much more than where it is," said Joseph Doyle
+of Smith Barney.
+    Analysts said Wendy's has suffered largely from the "burger
+wars" between itself, McDonald's Corp &lt;MCD> and Pillsbury Co's
+&lt;PSY> Burger King chain. Wendy's, the third largest fast food
+hamburger chain in the U.S., lost about 11 pct in same store
+sales last year, analysts said.
+    Wendy's also fumbled when it introduced a high-priced
+breakfast, which it has since withdrawn, analysts said. Some
+analysts said the company should be bringing in new products,
+but it is too soon to predict a significant turnaround.
+    There are analysts, however, who believe Wendy's may be
+vulnerable to a takeover.
+    James Murren of C.J. Lawrence said Wendy's could be worth
+14 to 15 dlrs on a break-up basis. He said the company has
+improved its debt-to-equity ratio and Wendy's owns a high
+percent of its own restaurants - 38 pct of 3,500.
+    "They also have some attractive leaseholds on their
+restaurants," Murren said.
+    Murren said that despite the downturn in sales last year,
+Wendy's real sales, store for store, turned upwards in the
+fourth quarter. "That was about the first time in seven
+quarters," he said.
+    Caroline Levy of E.F. Hutton also believes something could
+be going on with Wendy's. "My gut feeling is something's going
+to happen. I don't know what," she said.
+    She estimated a takeover price would be at least 15 dlrs
+per share.
+    One analyst speculated that Coke became the rumored suitor
+because Wendy's decided to sell Coke at its fountains instead
+of Pepsi.
+    Wendy's is currently embroiled in litigation brought by
+Pepsi, which holds a contract with the company, analysts said.
+Pepsi's soda is still sold in the Wendy's restaurants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13963" NEWID="8442">
+<DATE>23-MAR-1987 14:31:49.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2041&#31;reute
+r f BC-HIGHWAY-BILL-VETO-WIL   03-23 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGHWAY BILL VETO WILL BE UPHELD, DOLE SAYS</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>Senate Republican Leader Robert Dole
+said he believed the Senate would vote to sustain a
+presidential veto of an 88 billion dlr highway and mass transit
+bill.
+    "I think the veto will be sustained," he told reporters after
+he and his wife, Transportation Secretary Elizabeth Dole, had
+met with President Reagan at the White House.
+    Elizabeth Dole said, "We're going to be working on that
+(sustaining a veto) and...I'm optimistic that we will sustain
+it."
+    But she conceded, "It will be tough."
+    Reagan has said he will veto the five-year measure because
+of objections to so-called highway demonstration projects and
+transportation programs that put the bill about 10 billion dlr
+over his budget request.
+    "He needs to demonstrate that he's in charge and that he's
+effective and he can't let these big things slip through,
+saying 'I don't want a confrontation'," Sen. Dole said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13964" NEWID="8443">
+<DATE>23-MAR-1987 14:32:25.34</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>corn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2044&#31;reute
+f f BC-export-inspections   03-23 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 13,417 WHEAT 12,003 CORN 27,623
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13965" NEWID="8444">
+<DATE>23-MAR-1987 14:33:40.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2051&#31;reute
+u f BC-GERMAN-BANKING-AUTHOR   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKING AUTHORITIES DRAWN INTO VW CASE</TITLE>
+<AUTHOR>    By Jonathan Lynn, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 23 - </DATELINE><BODY>West Germany's banking authorities
+are being drawn into the currency scandal surrounding
+Volkswagen AG &lt;VOWG.F> as the repercussions and allegations in
+the financial community widen, banking sources said.
+    The Bundesbank has seconded one of its currency experts to
+help the state prosecutor investigating the currency fraud at
+Volkswagen, VW, in Brunswick, a Bundesbank spokesman said.
+    The Federal Banking Supervisory Office in West Berlin also
+is considering press allegations that several banks "parked" open
+positions with VW, breaching banking regulations.
+    Earlier this month Volkswagen said it had incurred
+potential losses of 480 mln marks in an alleged fraud involving
+the hedging of open currency positions.
+    The foreign exchange activities of a large non-bank
+corporation would not normally attract the attention of West
+German banking regulators.
+    Their strict foreign exchange rules, set up after the
+Herstatt banking crash in 1974, apply only to banks.
+    "This strict banking supervision aims to protect special
+interests -- creditors and depositors," the Bundesbank spokesman
+said, adding company shareholders were not covered.
+    "The Volkswagen case, in so far as it involves Volkswagen's
+normal foreign exchange business, lies far outside the area of
+the Bundesbank," he said.
+    The Bundesbank's decision to send a currency expert to
+Brunswick to help investigations into activities involving
+Volkswagen's foreign exchange dealing room was part of the
+normal assistance rendered by one public authority to another.
+    The expert will count as part of the state prosecutor's
+staff and not report back to the Bundesbank, he said.
+    But the Bundesbank could get more closely involved in
+allegations that banks used VW to circumvent regulations.
+    Section 1a of the Banking Law requires banks at the close
+of business each day to hold no more than 30 pct of their
+capital and reserves in open positions.
+    The section was introduced after the Herstatt bank crash in
+1974 due to currency speculation.
+    The Platow Brief financial newsletter said on Friday that
+about 16 banks, mainly foreign, had been circumventing section
+1a by "parking" such excess open positions with VW.
+    This would mean that the bank concerned would sell the
+position temporarily to VW, buying it back a day or so later.
+    However, such repurchase agreements are expressly included
+in section 1a as still counting as open positions.
+    A spokesman for the Federal Banking Supervisory Office in
+West Berlin said it was following the allegations but
+investigations were difficult because the 16 banks had not been
+named. He declined to say what steps were being taken.
+    But banking sources said the Supervisory Office as an
+initial step had approached the Platow Brief for the identity
+of the banks, but this had been refused. The Platow Brief
+declined comment.
+    If the Supervisory Office ascertains that the banking
+regulations have been infringed, it will pursue the case with
+the assistance of the Bundesbank.
+    The Office, subordinate to the Finance Ministry, does not
+have branches outside Berlin.
+    The independent Bundesbank however operates 203 branches in
+West Germany, closely monitoring local banks.
+    Banks deposit statistics, including currency position data,
+once a month with the Bundesbank's regional administrations at
+federal state level, the Landeszentralbanken (LZBs).
+    Currency dealers said parking excess positions with
+non-banking corporates was frequent practice.
+    Such positions would often be sold for tomorrow/next
+delivery, with a verbal agreement to buy it back the next day
+at the same rate.
+    A VW spokesman said it was company policy not to undertake
+currency hedging but he confirmed that arbitrage was allowed.
+    He declined to estimate the volume of currency arbitraging.
+German press reports have put it at 80 billion marks a year.
+    The spokesman declined to comment on how it would have been
+possible to carry out a fraud involving currency hedging given
+the company's policy not to conduct this kind of business.
+    VW finance director Rolf Selowsky accepted responsibility
+and resigned. VW has suspended six other officials and fired
+its former foreign exchange chief, Burkhard "Bobby" Junger.
+    Management board chief Carl Hahn told a ceremony today
+marking VW's 50 millionth vehicle that personnel changes did
+not mean any of those involved was guilty.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13966" NEWID="8445">
+<DATE>23-MAR-1987 14:38:02.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2069&#31;reute
+r f BC-SOVIET-CLAIMS-TO-BE-T   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET CLAIMS TO BE TREATED EQUALLY - ACCOUNTANTS</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>All claims to be settled under a
+U.K./Soviet pact agreed last year in connection with
+pre-revolutionary Russian bonds and seized assets will be
+treated equally, Price Waterhouse and Co (PW) said.
+    It said that the treatment for the bonds had not actually
+been determined, although it had been estimated that holders
+would receive about 10 pct of the nominal value of the bonds,
+which was the percentage to be assigned to property claims.
+Now, "the face value of the bond will be added to the value of
+the property. A dividend will then be calculated and all claims
+will be treated equally," PW said.
+    PW administers the Russian Compensation Fund, which was set
+up by the Foreign Office in 1917 to oversee some 45 mln stg in
+pre-revolutionary reserves for claimants of assets seized
+during the Revolution.
+    PW, which is currently accepting applications for the
+claims, said that to date, 2,000 bond application forms and 600
+property application forms have been returned.
+    Because the number of applications and bonds returned is
+increasing rapidly, a special office where the claims are being
+processed will remain open beyond the close of business until
+midnight on March 31, the deadline for claims to be submitted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13967" NEWID="8446">
+<DATE>23-MAR-1987 14:38:18.17</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sorghum</D></TOPICS>
+<PLACES><D>belgium</D><D>usa</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2070&#31;reute
+u f BC-EC-COMMISSION-TO-PROP   03-23 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION SET TO DETAIL GRAIN IMPORT PLAN</TITLE>
+<DATELINE>    BRUSSELS, March 23 - </DATELINE><BODY>The EC Commission will decide shortly
+precisely how to arrange the import of third country maize and
+sorghum into the EC in fulfilment of its agreement with the
+United States, Commission sources said.
+    Under the accord, reached following U.S. complaints about
+the impact on its agricultural exports of Spanish EC
+membership, the EC will import two mln tonnes of maize and
+300,000 tonnes of sorghum a year up to end of 1990.
+    All this produce will be imported into Spain at special
+levy levels likely to be below those applying for imports into
+other EC countries.
+    The sources said it was possible that the Spanish
+intervention board would be asked to buy the produce directly
+this year, as it was rather late to make other arrangements.
+    They added that the choice for future years appears to lie
+between a system of regular tenders and the setting of a daily
+special levy applicable to Spanish imports.
+    There will initially be no tax on re-exports of maize and
+sorghum from Spain to other EC countries, although such a tax
+could be imposed later, the sources added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13968" NEWID="8447">
+<DATE>23-MAR-1987 14:41:59.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2084&#31;reute
+d f BC-PATIENT-TECHNOLOGY-IN   03-23 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PATIENT TECHNOLOGY INC &lt;PTI> YEAR LOSS</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 23 -
+    </DATELINE><BODY>Shr loss 12 cts vs loss 63 cts
+    Net loss 596,000 vs loss 2,934,000
+    Revs 7,261,000 vs 6,600,000
+    Year
+    Oper shr loss 14 cts vs loss 1.28 dlrs
+    Oper net loss 683,000 vs loss 5,824,000
+    Revs 29.8 mln vs 22.7 mln
+    Avg shrs 4,930,000 vs 4,546,000
+    NOTE: Year net excludes losses from discontinued operations
+of 764,000 dlrs vs 5,152,000 dlrs.
+                        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13969" NEWID="8448">
+<DATE>23-MAR-1987 14:42:13.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2086&#31;reute
+r f BC-GEMINI-TECHNOLOGY-INC   03-23 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEMINI TECHNOLOGY INC &lt;GMTIF> YEAR LOSS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 23 -
+    </DATELINE><BODY>Shr loss 74 cts
+    Net loss 4,192,613
+    Revs 2,928,021
+    Note: 1986 net includes 3,095,000 dlr write-off tied to
+discontinuation of emulator board production.
+    Co's 1st fl-yr of operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13970" NEWID="8449">
+<DATE>23-MAR-1987 14:42:45.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2088&#31;reute
+u f BC-SOCIETE-GENERALE-REPO   03-23 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCIETE GENERALE REPORTS HIGHER 1986 PROFITS</TITLE>
+<DATELINE>    PARIS, March 23 - </DATELINE><BODY>France's Societe Generale &lt;SGEN.PA> bank,
+which will be sold to the private sector in the second half of
+this year, reported increased profits for last year.
+    Societe Generale, one of the three largest state-owned
+banking groups, said in a statement that its parent company
+profit for 1986 totalled 800 mln francs, up 21.2 pct on 1985's
+660 mln profit.
+    This was in line with earlier forecasts of profit of
+between 770 and 800 mln francs.
+    The bank's parent company gross operating profits were up
+5.4 pct at 21.34 billion francs against 20.24 billion in 1985.
+    The increase in the bank's gross operating profits was
+mostly due to a rise in french franc deposits and personal
+loans as well as the development of its financial activities,
+Societe Generale said.
+    Parent company net banking earnings last year were also up
+at 13.9 billion francs compared with 13.57 billion in 1985
+while operating costs totalled 7.44 billion francs against 6.67
+billion the previous year.
+    Societe Generale President Marc Vienot said in December he
+expected group 1986 consolidated profits to rise to between 2.5
+billion and 2.6 billion francs from 1.62 billion in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13971" NEWID="8450">
+<DATE>23-MAR-1987 14:43:18.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2090&#31;reute
+r f BC-VARITY-&lt;VAT>-IN-JOINT   03-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARITY &lt;VAT> IN JOINT VENTURE WITH BARCLAYS</TITLE>
+<DATELINE>    TORONTO, March 23 - </DATELINE><BODY>Varity Corp said it established a joint
+venture company with &lt;Barclays Bank PLC>'s Highland Leasing Ltd
+unit, to provide retail credit facilities for Varity farm and
+industrial machinery dealers and customers.
+    The new finance company, called Barclays Bank Agricultural
+Finance Corp, will absorb the 30-member staff of Varity's
+former Canadian retail finance operations, said Varity,
+formerly Massey-Ferguson Ltd. Other terms were undisclosed.
+    It added that the new company would also pursue third party
+financing opportunities with other Canadian agricultural
+businesses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13972" NEWID="8451">
+<DATE>23-MAR-1987 14:44:38.37</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2092&#31;reute
+u f BC-FRENCH-HOUSEHOLD-CONS   03-23 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH HOUSEHOLD CONSUMPTION FALLS IN FEBRUARY</TITLE>
+<DATELINE>    PARIS, March 23 - </DATELINE><BODY>French household consumption of
+industrial goods fell 1.1 pct seasonally adjusted to 21.32
+billion francs last month from 21.55 billion in January, the
+National Statistics Institute (INSEE) said.
+    This brought consumption back down to the December 1986
+level, it added.
+    INSEE said that the fall was due to a sharp decline in
+purchases of clothing, which were high in January due to the
+cold weather. The decline was partly compensated by a small
+rise in purchases of durable goods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13973" NEWID="8452">
+<DATE>23-MAR-1987 14:44:54.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2094&#31;reute
+d f AM-ecuador-minister   03-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR NAMES NEW INDUSTRY AND TRADE MINISTER</TITLE>
+<DATELINE>    QUITO, March 23 - </DATELINE><BODY>President Leon Febres Cordero named
+Ricardo Noboa as the new minister of industry and trade in
+Ecuador to replace Xavier Neira who resigned last week, a
+presidential place spokesman said.
+    A lawyer by training, Noboa, 34, was deputy secretary of
+fisheries between august 1984 and september 1986.
+    Neira stepped down last thursday. He then denied he was
+responding to recent protests against a new austerity programme
+that went into effect after a recent earthquake.
+    The march 5 tremor caused an estimated one billion dlrs in
+damage and left 1,000 people dead or missing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13974" NEWID="8453">
+<DATE>23-MAR-1987 14:45:47.15</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2096&#31;reute
+u f BC-FRENCH-ECONOMIC-COUNC   03-23 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH ECONOMIC COUNCIL PESSIMISTIC ON 1987 GROWTH</TITLE>
+<DATELINE>    PARIS, March 23 - </DATELINE><BODY>France's Economic and Social Council
+(CES), an advisory body comprising industrialists, trade
+unionists and representatives of other sectors of the French
+economy, said the country's annual growth may not reach two pct
+in 1987.
+    French gross domestic product risks not reaching the two
+pct growth registered last year, the Council said in a report
+on first quarter 1987 economic activity without giving any
+specific forecasts. Finance Minister Edouard Balladur was
+quoted today as saying that French 1987 growth will probably be
+about two pct.
+    Balladur said in an interview with the financial daily Les
+Echos that the country's economic growth will probably be about
+the same as last year due to a less favourable international
+environment.
+    CES President Philippe Neeser said one of the major fears
+for the French economy this year was a resurge in inflation.
+    Disinflation was an absolute priority, Neeser told
+journalists, adding that a failure to do this would be
+extremely serious as if would be very difficult to reverse for
+many years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13975" NEWID="8454">
+<DATE>23-MAR-1987 14:47:12.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2102&#31;reute
+r f BC-UNIFORCE-TEMPORARY-&lt;U   03-23 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIFORCE TEMPORARY &lt;UNFR> SETS SPLIT</TITLE>
+<DATELINE>    NEW HYDE PARK, N.Y., March 23 - </DATELINE><BODY>Uniforce Temporary
+Personnel Inc said it declared a three-for-two stock split,
+payable May 15 to stockholders of record April 14.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13976" NEWID="8455">
+<DATE>23-MAR-1987 14:47:18.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2103&#31;reute
+d f BC-HERLEY-MICROWAVE-SYST   03-23 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERLEY MICROWAVE SYSTEMS &lt;HRLY> GETS CONTRACTS</TITLE>
+<DATELINE>    LANCASTER, PA., March 23 - </DATELINE><BODY>Herley Microwave Systems Inc
+said it received 8,300,000 dlrs in contracts from the
+Westinghouse Electric Corp &lt;WX> to manufacture super components
+for the F-16 fighter jet programs.
+    The awards are scheduled for delivery in 1987, 1988 and
+early 1989, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13977" NEWID="8456">
+<DATE>23-MAR-1987 14:47:45.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2105&#31;reute
+d f BC-MCA-&lt;MCA>-SEEKS-TO-LI   03-23 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCA &lt;MCA> SEEKS TO LIMIT DIRECTORS' LIABILITY</TITLE>
+<DATELINE>    UNIVERSAL CITY, Calif., March 23 - </DATELINE><BODY>MCA Inc said
+shareholders at the annual meeting on May Five will be asked to
+approve a change to its certificate of incorporation
+eliminating certain liabilities of directors to MCA or its
+shareholders under Delaware law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13978" NEWID="8457">
+<DATE>23-MAR-1987 14:47:56.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2106&#31;reute
+r f BC-MANHATTAN-NATIONAL-CO   03-23 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANHATTAN NATIONAL CORP &lt;MLC> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 23 -
+    </DATELINE><BODY>Oper shr loss 20 cts vs loss 81 cts
+    Oper net loss 1,042,000 vs loss 4,077,000
+    Revs 38.5 mln vs 50.3 mln
+    12 mths
+    Oper shr loss six cts vs loss 43 cts
+    Oper net loss 336,000 vs loss 2,176,000
+    Revs 137.8 mln vs 209.1 mln
+    NOTE: qtrs 1986 and prior exclude net realized investment
+gains of 74,000 dlrs and 644,000 dlrs, respectively, and years
+1986 and prior exclude realized investment gains of 642,000
+dlrs and 1,979,000 dlrs, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13979" NEWID="8458">
+<DATE>23-MAR-1987 14:49:12.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2113&#31;reute
+r f BC-KIDDIE-PRODUCTS-INC-&lt;   03-23 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIDDIE PRODUCTS INC &lt;KIDD> YEAR NET</TITLE>
+<DATELINE>    AVON, Mass., March 23 -
+    </DATELINE><BODY>Shr 1.25 dlrs vs 1.14 dlrs
+    Net 472,254 vs 446,805
+    Revs 21.4 mln vs 19.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13980" NEWID="8459">
+<DATE>23-MAR-1987 14:49:19.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2114&#31;reute
+r f BC-TRINOVA-&lt;TNV>-SAYS-MO   03-23 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRINOVA &lt;TNV> SAYS MOST PREFERRED CONVERTED</TITLE>
+<DATELINE>    MAUMEE, Ohio, March 23 - </DATELINE><BODY>TRINOVA Corp said about 813,000
+shares or 95 pct of its 855,255 Series A 4.75 dlr cumulative
+convertible preferred shares have been converted to common
+stock in response to its call for redemption of the issue at
+100 dlrs per share.
+    Each preferred share was convertible into 2.25 common
+shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13981" NEWID="8460">
+<DATE>23-MAR-1987 14:49:31.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2116&#31;reute
+d f BC-U.S.-HOME-&lt;UH>-IN-NEW   03-23 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOME &lt;UH> IN NEW CREDIT AGREEMENT</TITLE>
+<DATELINE>    HOUSTON, March 23 - </DATELINE><BODY>U.S. Home Corp said it combined two
+existing credit and term loan contracts into a new credit
+agreement totalling 222.3 mln dlrs with 18 commerical banks.
+    The new maturity date is April 30, 1988, it said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13982" NEWID="8461">
+<DATE>23-MAR-1987 14:50:59.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2121&#31;reute
+u f BC-SWISS-BANKERS-ANNOUNC   03-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS BANKERS ANNOUNCE CURBS ON BANKING SECRECY</TITLE>
+<AUTHOR>    By Peter Conradi, Reuters</AUTHOR>
+<DATELINE>    ZURICH, March 23 - </DATELINE><BODY>Swiss bankers announced a series of
+measures aimed at preventing abuses of the country's tight
+banking secrecy laws as part of a revision of a 10-year-old
+voluntary code of conduct.
+    The measures follow renewed controversy over the limits of
+Swiss secrecy, prompted by recent allegations that both former
+Philippine President Ferdinand Marcos and U.S. Officials linked
+with the arms-for-Iran scandal had accounts here.
+    The Swiss Bankers Association said it wanted to curb the
+right of bank clients to hide their identity behind lawyers.
+    The association said it would insist that banks identify
+anyone doing cash business at the counter worth more than
+100,000 francs, down from a current 500,000.
+    Banks would continue to be required to identify their
+clients in other cases and pledge not actively to help capital
+flight, or tax fraud. They would also still face fines of up to
+10 mln francs in case of abuse.
+    "The Bankers Association is convinced that this new
+agreement will give the banks an instrument which will
+guarantee banking secrecy and help the standing of Swiss
+banking both home and abroad," the statement said.
+    The code, once approved by member banks, will go into force
+on October 1. The original dates from 1977.
+    Controversy surrounding the alleged use and then freezing
+of bank accounts here linked with Marcos and with the U.S.
+Arms-for-Iran scandal have again directed attention on the
+revision of the code.
+    The recent busting of a major international drug ring also
+gave fresh evidence Swiss banks had been used for "laundering"
+drug money.
+    The Banking Commission, responsible for overseeing the
+banks, said at the end of last year it wanted a drastic
+reduction in clients' ability to hide behind lawyers and
+fiduciary agents, a proposal criticised by lawyers.
+    Steering a middle way, the association said today that
+lawyers doing banking business on behalf of clients would in
+future have to pledge they were not doing so merely to preserve
+the clients' identity nor only for a short period of time.
+    Until now, lawyers have only been obliged to sign a form
+pledging that their clients are not misusing their anonymity
+for illegal purposes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13983" NEWID="8462">
+<DATE>23-MAR-1987 14:51:17.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2123&#31;reute
+d f BC-SONORA-GOLD-&lt;SONNF>-G   03-23 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONORA GOLD &lt;SONNF> GETS CALIFORNIA EXEMPTION</TITLE>
+<DATELINE>    JAMESTOWN, CALIF., March 23 - </DATELINE><BODY>Sonora Gold Corp said it was
+advised by a California agency that the company's common shares
+can be solicited for trading by brokers in the state.
+    The California Department of Corporations said Sonora
+common shares will be included in the Eligible Securities List,
+allowing brokers and broker-dealers to solicit orders in
+California.
+    The company also said it poured a dore gold bar, a gold bar
+that needs more refining, at a leaching plant in Nevada using
+gold from the Jamestown mine in Tuolumne County. The mining,
+milling and leaching operations should reach full commercial
+production within 90 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13984" NEWID="8463">
+<DATE>23-MAR-1987 14:56:32.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2135&#31;reute
+d f BC-ADAGE-&lt;ADGE>-SETS-NEW   03-23 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADAGE &lt;ADGE> SETS NEW WORKSTATION PRODUCT</TITLE>
+<DATELINE>    PHILADELPHIA, March 23 - </DATELINE><BODY>Adage Inc said it introduced a new
+family of workstations compatible with International Business
+Machines Corp's &lt;IBM> 5080 Model 2 graphics.
+    The company said prices for the Series 6000-II workstations
+start at about 20,030 dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13985" NEWID="8464">
+<DATE>23-MAR-1987 14:59:55.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2140&#31;reute
+f f BC-******MOODY'S-DOWNGRA   03-23 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S DOWNGRADES TEXAS AIR, AFFIRMS THE EASTERN AIR LINES UNIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13986" NEWID="8465">
+<DATE>23-MAR-1987 15:05:45.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2158&#31;reute
+d f BC-DOMINION-&lt;D>-AND-CSX   03-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOMINION &lt;D> AND CSX &lt;CSX> IN JOINT VENTURE</TITLE>
+<DATELINE>    RICHMOND, Va., March 23 - </DATELINE><BODY>Dominion Resources Inc said it
+will establish a joint venture with CSX Corp's CSX
+Transportation Inc to develop electric power cogeneration
+projects.
+    The new venture, to be called Energy Dominion, is being set
+up to consider, evaluate and possibly carry out one or more
+cogeneration projects outside Dominion's subsidiary, Virginia
+Power's, service area, Dominion said.
+    Energy Dominion will consider specific projects on a case
+by case basis, concentrating on coal- and gas-fired
+cogeneration opportunities in the northeastern U.S., it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13987" NEWID="8466">
+<DATE>23-MAR-1987 15:07:27.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2162&#31;reute
+d f BC-CFTC-STUDYING-TRANSFE   03-23 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CFTC STUDYING TRANSFERING SURVEILLANCE COSTS</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The Commodity Futures Trading
+Commission, CFTC, and the White House budget office are
+exploring the possibility of transfering the three mln dlr
+annual cost of the commission's surveillance functions to the
+private sector, CFTC Chairman Susan Phillips said.
+    Phillips told the House Appropriations Agriculture
+Subcommittee that the Office of Management and Budget, OMB, had
+asked CFTC to study whether the market surveillance
+responsibilities could be paid for with user fees.
+    CFTC officials said the two agencies were studying whether
+commodity exchanges, futures commission merchants or market
+users should bear the cost of the surveillance program.
+    Phillips told Reuters that CFTC and OMB were expected to
+complete the study by mid-April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13988" NEWID="8467">
+<DATE>23-MAR-1987 15:10:06.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2165&#31;reute
+r f BC-BELLSOUTH-&lt;BLS>-COMPL   03-23 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELLSOUTH &lt;BLS> COMPLETES PURCHASE FOR SHARES</TITLE>
+<DATELINE>    ATLANTA, March 23 - </DATELINE><BODY>BellSouth Corp said it completed its
+previously-announced agreement to acquire &lt;Dataserv Inc> for an
+exchange of shares.
+    BellSouth said under the Nov 25, 1986, agreement, it
+exchanged one of its common shares for every 13.3 Dataserv
+common shares. The exchange reflects the Feb 23 three-for-two
+BellSouth stock split, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13989" NEWID="8468">
+<DATE>23-MAR-1987 15:11:13.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2169&#31;reute
+d f BC-UNITED-&lt;UAL>-TO-BEGIN   03-23 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED &lt;UAL> TO BEGIN BURBANK-DENVER ROUTE</TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>UAL Inc's United Airlines said it will
+offer scheduled service between Burbank, Calif., and Denver,
+Colo., starting June five.
+    United said it will operate two daily round-trip flights in
+the Burbank to Denver market using new Boeing Co &lt;BA> 737-300
+aircraft.
+    United said as a promotion for its new route it will offer
+a bonus of double mileage to all members of its frequent flyer
+prgram, Mileage Plus, who fly the Burbank-Denver route during
+the first 45 days of service.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13990" NEWID="8469">
+<DATE>23-MAR-1987 15:13:01.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2179&#31;reute
+r f BC-MOODY'S-CUTS-TEXAS-AI   03-23 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S CUTS TEXAS AIR &lt;TEX>, AFFIRMS EASTERN</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded Texas Air Corp's 410 mln dlrs of debt and affirmed
+the unit Eastern Air Lines Inc's 703.4 mln dlrs of debt.
+    The agency cut Texas Air's senior secured debt to B-3 from
+B-2, but affirmed the company's Caa subordinated debt and B-3
+junior preferred stock.
+    Moody's affirmed Eastern Air's B-3 senior secured debt and
+Caa subordinated debt and junior preferred stock.
+    The parent's downgrade recognized risks associated with
+Texas Air's investment in operating companies that will require
+substantial external financing to buy aircraft.
+    Moody's also cited Texas Air's secondary position to the
+cash flow and assets of its subsidiaries, relative to its
+subsidiaries' creditors, and the insufficiency of the holding
+company's cash flow to meet fixed charges.
+    The agency noted that Texas Air has adequate liquidity to
+service its obligations, but cautioned there is no guarantee
+that its liquidity will remain stable.
+    Moody's said it affirmed Eastern's debt ratings amid
+expectations that recent improvements in the unit's operating
+measures would be maintained. But it added that a substantial
+decline in financial leverage is unlikely.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13991" NEWID="8470">
+<DATE>23-MAR-1987 15:13:42.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2183&#31;reute
+r f BC-ITT-&lt;ITT>-LONG-DISTAN   03-23 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT &lt;ITT> LONG DISTANCE UNIT LOWERS WATS RATES</TITLE>
+<DATELINE>    SECAUCUS, N.J., March 23 - </DATELINE><BODY>International Telephone and
+Telegraph Corp said its long distance unit lowered rates for
+two of its WATS services.
+    ITT said it lowered its SMART-WATS rate an average of 9.3
+pct, and its preferred WATS rates four pct.
+    In addition to the rate reduction, ITT said it also lowered
+its monthly preferred WATS service charge for each location to
+925 dlrs, a reduction of 75 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13992" NEWID="8471">
+<DATE>23-MAR-1987 15:16:54.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2202&#31;reute
+r f BC-CANADAIR-studying-str   03-23 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADAIR STUDYING STRETCH VERSION OF CHALLENGER</TITLE>
+<DATELINE>    MONTREAL, March 23 - </DATELINE><BODY>&lt;Bombardier Inc>'s wholly owned
+Canadair Ltd said it was continuing to study stretching its
+Challenger business jet into a 48-passenger commuter aircraft
+and was receiving a favorable reaction to the concept from
+potential airline customers.
+    The company, in reply to an inquiry, would not comment on a
+published report that sale of 200 of the commuter planes was
+imminent. Industry analysts said the potential market in North
+America was about 50 units.
+   The company estimated it would cost between 50 mln and 100
+mln Canadian dlrs to develop the stretched commuter Challenger.
+It said it had detailed market studies done by outside
+consultants and that its salesmen had visited potential U.S.
+customers.
+    One of its existing short fuselage Challenger jets have
+been fitted for 19 passengers for commuter use by Xerox Corp.
+&lt;XRX>.
+    The stretched commuter version would be suitable for longer
+range low-density routes, it said.
+    Canadair's parent company, Bombardier Inc, said in response
+to an inquiry that no sales of the commuter version were
+imminent, but added it was studying markets carefully.
+    It also denied reports it may buy an interest in Innotech
+Aviation Enterprises Ltd, a Montreal supplier of aircraft
+interiors and flilght services, which finished the interiors of
+several Challenger jets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13993" NEWID="8472">
+<DATE>23-MAR-1987 15:19:04.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2215&#31;reute
+u f BC-REXHAM-&lt;RXH>-GETS-TAK   03-23 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXHAM &lt;RXH> GETS TAKEOVER OFFER</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 23 - </DATELINE><BODY>Rexham Corp, a maker of
+packaging materials and machinery, said it received an
+unsolicited offer of 43 dlrs a share from Nortek Inc &lt;NTK>.
+    Nortek, a Providence, R.I., textile manufacturer, has
+disclosed it holds 381,050 Rexham shares, or about 9.1 pct of
+the outstanding, the company said.
+    Rexham said it does not welcome the proposal but added its
+board will study the offer and respond in due course.
+    Nortek has proposed paying half cash and half Nortek
+convertible preferred stock for Rexham, which has about 4.2 mln
+shares outstanding.
+    The cash portion would include the amount previously paid
+for the Rexham stake and the terms of the convertible preferred
+stock would be negotiated, the company said.
+    Rexham said it received the takeover offer in a letter from
+Nortek.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13994" NEWID="8473">
+<DATE>23-MAR-1987 15:19:18.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2216&#31;reute
+u f BC-BANKERS-HOPEFUL-ON-PH   03-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS HOPEFUL ON PHILIPPINE DEBT TALKS</TITLE>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>The Philippines and its commercial bank
+advisory committee will resume talks tomorrow on what bankers
+hope will be the final leg of negotiations for a 9.4 billion
+dlr debt rescheduling package.
+    Bankers, attending the Inter-American Development Bank
+annual meeting here, said the two sides are still working on a
+plan that embraces Manila's proposal to pay interest partly
+with Philippine investment notes (PIN) instead of cash.
+    One senior banker said he hoped that final agreement would
+be reached this week but cautioned that a number of major
+issues are still outstanding.
+    The senior banker said that the remaining issues include
+interest rates and the exact form of the investment notes plan.
+    However, bankers did not anticipate any accounting problems
+for this novel interest payment method.
+    Deputy U.S. Comptoller of the Currency Robert Bench said
+last week that U.S. bank regulators also had no objection in
+principle to the PINs concept because Manila has guaranteed
+their ready conversion into cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13995" NEWID="8474">
+<DATE>23-MAR-1987 15:19:58.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2218&#31;reute
+u f BC-CCC-INVESTMENT-IN-LOA   03-23 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC INVESTMENT IN LOANS, INVENTORIES UP - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, had 33.2 billion dlrs invested in commodity loans and
+inventories on November 30, 1986, compared to 25.0 billion a
+year earlier, the U.S. Agriculture Department said.
+    The department said the November 30 loans outstanding
+amounted to 20.0 billion dlrs and inventories 13.2 billion. A
+year earlier outstanding loans amounted to 17.0 bilion dlrs and
+inventories 8.0 billion dlrs, it said.
+    The CCC's total net realized loss from operations amounted
+to 1,946.32 mln dlrs for the two months ended November 30, 1986
+compared to 1,201.6 mln in the same period a year ago.
+    As of November 30, CCC's borrowings from the U.S. Treasury
+amounted to 13.2 billion dlrs, leaving a statutory borrowing
+authority available of 11.8 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13996" NEWID="8475">
+<DATE>23-MAR-1987 15:22:28.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2224&#31;reute
+d f BC-BANCA-D'AMERICA-E-D'I   03-23 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCA D'AMERICA E D'ITALIA 1986 YEAR</TITLE>
+<DATELINE>    MILAN, March 23 - </DATELINE><BODY>Net profits for year ended December 31
+1986 1.3 billion lire vs 47.3 billion
+    Deposits from clients 3,691.0 billion lire vs 3,419.0
+billion
+    Loans to clients 2,448.0 billion lire vs 2,181.5 billion
+    Note: The bank, sold by Bankamerica Corp &lt;BK.N> last
+December to West Germany's Deutsche Bank AG &lt;DBKG.F>, said the
+sharp fall in net profit reflected various factors including
+higher set-asides for risk coverage and a high tax burden.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13997" NEWID="8476">
+<DATE>23-MAR-1987 15:22:45.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2225&#31;reute
+r f BC-MOODY'S-CONTINUES-REV   03-23 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S CONTINUES REVIEW OF TEXAS AIR &lt;TEX> UNIT</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Moody's Investors Service Inc said the
+debt ratings of People Express Airlines Inc remain under review
+for possible downgrade.
+    The agency said that People Express has not legally merged
+with Continental Airlines Inc, a unit of Texas Air Corp, even
+though the two have integrated their flight operations. Moody's
+also cited significant litigation against People.
+    Moody's pointed out that neither Texas Air nor Continental
+have assumed the debt service obligations of People Express,
+which currently carries B-3 senior secured debt and Caa senior
+unsecured debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13998" NEWID="8477">
+<DATE>23-MAR-1987 15:22:57.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2226&#31;reute
+r f BC-NEWMONT-&lt;NGC>-SETS-HI   03-23 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWMONT &lt;NGC> SETS HIGHER OUTLAYS, GOLD SALES</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Newmont Gold Co's business plan
+forecasts a boost in capital spending and gold production this
+year, the preliminary prospectus for its planned offering of
+five mln common shares said.
+    Following the offering, which was announced last week,
+Newmont Mining Corp &lt;NEM> will own at least 90 pct of Newmont
+Gold's 104.5 mln outstanding shares, the prospectus said.
+Newmont gold is now a 95 pct owned subsidiary of Newmont
+Mining.
+    The prospectus said Newmont Gold plans capital spending
+totaling 69 mln dlrs this year, up from 18 mln dlrs last year.
+Spending is expected to decline to 48 mln dlrs in 1988, 20 mln
+dlrs in 1989 and four mln dlrs in 1990 before rising to 11 mln
+dlrs in 1991.
+    The company said it expects to sell 577,000 ounces of gold
+this year, up from 474,000 ounces last year.
+    It said gold sales are expected to increase to 777,000
+ounces in 1988, and 890,000 ounces in 1989 before declining to
+884,000 ounces in 1990 and 852,000 ounces in 1991.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13999" NEWID="8478">
+<DATE>23-MAR-1987 15:30:10.93</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f2231&#31;reute
+d f BC-ENERGY-ANALYST-PROPOS   03-23 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY ANALYST PROPOSES U.S. OIL TARIFF</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>Energy analyst Edward Krapels said
+the United States should consider an oil tariff to keep U.S.
+dependence on imports below 50 pct.
+    "On the supply side, the argument in favor of a contingent,
+variable import tariff is most persuasive," Krapels, president
+of Energy Security Analysis, Inc said in a statement at a House
+Energy and Power subcommittee hearing.
+    "An optimal tariff would be one implemented only if the
+international price of crude oil falls below, say, 15 dlrs a
+barrel. On the demand side, the obvious policy is an excise tax
+on transportation fuels," Krapels said.
+    But William Johnson of the Jofree Corp disagreed with the
+oil tariff proposal, saying Congress should remove price
+controls on natural gas, repeal the windfall profits tax on oil
+companies, allow exports of Alaskan oil and provide tax
+incentives for U.S. oil production, or, at the least, preserve
+exisiting tax incentives for drilling. He also urging filling
+the Strategic Petroleum Reserve at a faster rate.
+    Richard Adkerson of Arthur Andersen and Co told the
+subcommittee oil imports were expected to increase because
+funds for exploration and development of domestic oil sources
+cannot now be economically justified due to low oil prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14000" NEWID="8479">
+<DATE>23-MAR-1987 15:30:30.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2233&#31;reute
+u f BC-SECURITY-CAPITAL-&lt;SCC   03-23 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY CAPITAL &lt;SCC> SUSPENDS DIVIDENDS</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Security Capital Corp said it has
+suspended quarterly cash dividend payments indefinitely.
+    The company also said its board has withdrawn authroization
+for the company to buy its stock on the open market. Its
+previous dividend payment was five cts on February 24.
+    Security Capital said this action was taken in response to
+its continuing operating losses, primarily at Benjamin Franklin
+Savings Association, a Houston-based subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14001" NEWID="8480">
+<DATE>23-MAR-1987 15:31:14.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2235&#31;reute
+u f BC-AUDITORS-LIFT-QUALIFI   03-23 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDITORS LIFT QUALIFICATION ON BRUNSWICK &lt;BC></TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>Auditors of Brunswick Corp lifted a
+four year qualification on the company's financial statements,
+vice president-finance Frederick Florjancic told securities
+analysts here.
+    The financial results for the diversified leisure and
+defense/aerospace company had been qualifed by Arthur Andersen
+and Co since 1982.
+    The qualification related to certain tax liabilities,
+amounting to 65 mln dlrs, associated with a medical division
+sold by Brunswick in 1982, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14002" NEWID="8481">
+<DATE>23-MAR-1987 15:32:32.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2243&#31;reute
+u f BC-ALC-COMMUNICATIONS-CO   03-23 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALC COMMUNICATIONS CORP &lt;ALCC> 1986 LOSS</TITLE>
+<DATELINE>    BIRMINGHAM, Mich., March 23 -
+    </DATELINE><BODY>Shr loss 4.63 vs loss 2.43
+    Net loss 60,780,000 vs loss 28,898,000
+    Rev 499.7 mln vs 432.1 mln
+    NOTE: 1986 net includes loss of 49.9 mln dlrs for
+restructuring charges.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14003" NEWID="8482">
+<DATE>23-MAR-1987 15:33:32.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2244&#31;reute
+r f BC-sico-sets-name-change   03-23 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SICO SETS NAME CHANGE, REORGANIZATION</TITLE>
+<DATELINE>    LONGEUEIL, Quebec, March 23 - </DATELINE><BODY>&lt;Sico Inc> said it changed
+its name to Sico Group as part of an administrative
+reorganization to decentralize responsibilities based on the
+nature of the paint manufacturer's various markets.
+    The company said it formed a new subsidiary, Sico
+Industries Inc, based in Toronto, to regroup industrial
+operations across Canada and those of its own subsidiary
+Sterling Inc.
+    Sico formed another subsidiary, Sico Canada Inc, to
+distribute trade paint products across Canada, except in
+Quebec.
+    The company said its Sico Quebec Trade Division will be
+responsible for all Quebec activities of the company's trade
+paints division, whose products are now marketed under the Sico
+and Crown Diamond trademarks.
+    The Sico Group is the largest Canadian-owned paint and
+coatings manufacturer with Canada-wide product distribution, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14004" NEWID="8483">
+<DATE>23-MAR-1987 15:39:33.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2253&#31;reute
+r f BC-uneasy-calm-as-brazil   03-23 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - BRAZIL DEBT DEADLINES LOOM</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>Slow progress in talks between Brazil and
+its major foreign creditors has increased the likelihood that
+U.S. banks will declare their loans to Brazil non-performing at
+the end of the quarter, bankers said.
+    Several banks, citing Brazil's suspension of interest
+payments on 68 billion dlrs of its 108 billion dlr foreign debt
+and the absence of a coherent economic plan, have already said
+they might take such a step, even though it would cost them
+tens of millions of dollars in profits.
+    An inconclusive meeting here March 22 between central bank
+governor Francisco Gros and Brazil's bank advisory committee
+can only have stiffened that resolve.
+    A nasty row is also looming over 16 billion dlrs of trade
+and money-market lines which Brazil froze last month.
+    The legal commitment to maintain these credits runs out on
+March 31, and the worried talk at the Inter-American
+Development Bank annual meeting here is that some disgruntled
+bank will sue for repayment, raising the specter of a cascade
+of lawsuits and tit-for-tat asset seizures.
+    "My gut feeling is that common sense will prevail. But is
+there a risk? Yes, the mood out there is pretty nasty," one New
+York banker commented.
+    Two or three years ago, a showdown between the world's
+largest debtor and its largest creditors would have sent shock
+waves through the financial markets. But no longer.
+    Some U.S. money-center bank stocks fell by about 10 pct in
+the immediate aftermath of Brazil's payments halt. But, in the
+Eurodeposit markets, which bankers consider to be the most
+sensitive gauge of confidence, there was no discernible flight
+out of bank instruments and into safer government bonds.
+    In fact, the system has calmly withstood the suspension, in
+part or in full, of interest payments by countries owing about
+150 billion dlrs of the region's total foreign debt of 380
+billion.
+    Peru, Ecuador, Bolivia, Costa Rica, Honduras, Guatemala and
+Nicaragua had all curtailed payments before Brazil.
+    The explanation for the fairly relaxed view is that net new
+bank lending to Latin America has dried up at the same time as
+banks have steadily bolstered their capital base. As a result,
+exposure relative to capital has fallen and few now fear for
+the collapse of a major bank.
+    That is why, banking analysts have said, Citicorp &lt;CCI>
+felt emboldened to state early in the day that it might put
+Brazil on a cash basis even before interest becomes 90 days
+overdue. It would forfeit 190 mln dlrs of profits this year as
+a result, but for a company which earned over a billion dlrs in
+1986 the setback would be manageable.
+    Some other banks are not as strong, however, and a
+protracted confrontation with Brazil could still seriously
+erode depositor and investor confidence, especially if other
+debtors are emboldened to follow suit and press for debt relief.
+    Bankers are thus working hard to isolate Brazil. Financing
+agreements were reached recently with Chile and Venezuela, an
+accord with the Philippines seems to be close at hand, and a
+deal with Argentina on new loans and a debt restructuring could
+be reached in the next two weeks, bankers say.
+    In taking a hard line against wholesale debt relief, the
+banks have the clear backing of the Reagan Administration. "All
+of us have a stake in the stability of the world banking system
+- a debt forgiveness plan that damages commercial banks also
+weakens confidence in world financial stability," U.S. Treasury
+Secretary James Baker told the IADB meeting.
+    Some European bankers, however, argue that capitalization
+of interest is already happening in practice and that the banks
+ought to face up to the fact and work with the debtors on
+longer-term solutions that recognize that not all the interest
+can be paid back right away.
+    Rigid accounting rules have prevented U.S. banks from
+seriously considering adding interest to the principal of a
+loan because they would have to declare the loan
+non-performing. But, Brazilian central bank governor Gros said,
+if the banks are now volunteering to take that step, they might
+be more willing to discuss new ideas for debt relief.
+    "It's not necessarily an unfavorable development," Gros
+said when asked about the prospect of Brazilian loans being put
+on a cash basis.
+    "We find more room to discuss these things (innovations)
+with European banks which have already bitten the bullet."
+     What is clear, however, is that banks are so angry and
+frustrated with Brazil that they are in no mood to offer quick
+concessions.
+    A long war of attrition on the debt front lies ahead.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14005" NEWID="8484">
+<DATE>23-MAR-1987 15:43:31.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2264&#31;reute
+u f BC-COCA-COLA-ENTERPRISES   03-23 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA-COLA ENTERPRISES &lt;CCE> SELLS DEBT</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Coca-Cola Enterprises Inc is raising
+600 mln dlrs through offerings of 10-year notes and debentures
+due 2017, said lead manager Salomon Brothers Inc.
+    A 300 mln dlr issue of notes was given a 7-7/8 pct coupon
+and priced at 99.65 to yield 7.926 pct, or 70 basis points over
+Treasuries. The notes are non-callable for seven years.
+    An equal-sized offering of debentures was assigned an 8-3/4
+pct coupon and priced at 99.40 to yield 8.807 pct, or 115 basis
+points over the off-the-run 9-1/4 pct Treasury bonds of 2016.
+Non-refundable for 10 years, the debentures will be subject to
+a sinking fund beginning in 1998.
+    The sinking fund for the debentures will retire five pct of
+them a year. The issuer has an option to increase the sinker by
+200 pct, giving the debentures an estimated average life of
+21.5 years, Salomon said.
+    Moody's Investors Service Inc rates the issue A-2, compared
+to a AA-minus rating by Standard and Poor's Corp.
+    Allen and Co Inc and Merrill Lynch Capital Markets
+co-managed the two issues, which were each increased from
+initial offerings of 250 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14006" NEWID="8485">
+<DATE>23-MAR-1987 15:47:49.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2273&#31;reute
+u f BC-A-H-ROBINS-&lt;QRAH>-SEE   03-23 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A H ROBINS &lt;QRAH> SEEKS ORDER</TITLE>
+<DATELINE>    RICHMOND, Va, March 23 - </DATELINE><BODY>A.H. Robins Co said it filed a
+motion in the U.S. Bankruptcy Court in Richmond seeking to 
+establish an orderly procedure to determine the number of valid
+Dalkon Shield claims that must be dealt with in the company's
+Chapter 11 case.
+    The order would prescribe procedures for the filing and
+disposition of objections to certain claims, it said.
+    Robins said that 200,000 of the 327,000 claims it has
+received should be disallowed.
+    Robins said the claims are invalid because they are
+duplicates, the claimant is claiming injury from a product
+other than the Dalkon shield, claimants did not complete
+court-required questionnaires by June 30, 1986, or the claims
+were made beyond the April 30, 1986 deadline.
+    Robins has sought bankruptcy protection since August 1985
+following a flood of lawsuits relating to its intrauterine
+Dalkon Shield, alleged to have caused uterine perforations,
+sterility, spontaneous abortions and death.
+     About 3.3 mln of the shields were sold in over 80
+countries between 1971 and 1974, including 2.2 mln in the U.S.
+before it was withdrawn from the market.
+    A spokesman said Robins has been told to withhold refilng a
+reorganization plan pending the determination by a
+court-appointed examiner whether other parties are interested
+in acquiring Robins.
+    It had intended to file a plan in February, but received a
+purchase bid which was later withdrawn from American Home
+Products Corp.
+    American Home products never disclosed details of the
+proposed acquisition bid but analysts speculated that American
+Home would provide about 1.5 billion dlrs for a separate trust
+fund to handle the liability claims.
+    Robins said that establishing a procedure for identifying
+invalid claims is vital to establishing a plan of
+reorganization.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14009" NEWID="8486">
+<DATE>23-MAR-1987 15:49:35.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2279&#31;reute
+f f BC-******U.S.-TREASURY'S   03-23 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY'S BAKER SAYS LATINS DELAY ACCEPTANCE OF U.S. COMPROMISE ON
+ IADB REFORMS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14007" NEWID="8487">
+<DATE>23-MAR-1987 15:50:59.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2286&#31;reute
+d f BC-LESCO-INC-&lt;LSCO>-1ST   03-23 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LESCO INC &lt;LSCO> 1ST QTR FEB 28 LOSS</TITLE>
+<DATELINE>    CLEVELAND, March 23 -
+    </DATELINE><BODY>Shr loss 24 cts vs profit three cts
+    Net loss 982,779 vs profit 104,418
+    Revs 11.2 mln vs 12.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14008" NEWID="8488">
+<DATE>23-MAR-1987 15:51:54.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2288&#31;reute
+h f BC-SEISMIC-ENTERPRISES-I   03-23 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEISMIC ENTERPRISES INC &lt;SEIS> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 23 -
+    </DATELINE><BODY>Shr loss eight cts vs profit 10 cts
+    Net loss 714,905 vs profit 889,679
+    Revs 1,091,461 vs 3,156,569
+    Year
+    Shr loss five cts vs profit 22 cts
+    Net loss 422,037 vs profit 1,850,637
+    Revs 6,642,490 vs 7,948,312
+    Avg shrs 8,808,323 vs 8,412,822
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14010" NEWID="8489">
+<DATE>23-MAR-1987 15:55:06.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2299&#31;reute
+r f BC-ALC-&lt;ALCC>-ANTICIPATE   03-23 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALC &lt;ALCC> ANTICIPATES 1ST QTR PROFIT</TITLE>
+<DATELINE>    BIRMINGHAM, Mich., March 23 - </DATELINE><BODY>ALC Communications Corp said
+that because of strong traffic growth and cost reductions it
+anticipates reporting a profit for the first quarter of 1987,
+versus a loss of 1.4 mln dlrs, or 15 cts a share, for the first
+quarter of 1986.
+    Earlier, the company reported a net after-tax loss for 1986
+of 60.8 mln dlrs, or 4.63 dlrs a share, compared with a loss of
+28.9 mln dlrs, or 2.43 dlrs a share, in 1985.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14011" NEWID="8490">
+<DATE>23-MAR-1987 15:55:34.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2300&#31;reute
+s f BC-VARLEN-CORP-&lt;VRLN>-DE   03-23 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARLEN CORP &lt;VRLN> DECLARES QTLY DIVIDEND</TITLE>
+<DATELINE>    NAPERVILLE, Ill., March 23 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts prior
+    Pay April 30
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14012" NEWID="8491">
+<DATE>23-MAR-1987 15:56:02.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2302&#31;reute
+r f BC-ANALYSIS-AND-TECHNOLO   03-23 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSIS AND TECHNOLOGY INC &lt;AATI> HIKES PAYOUT</TITLE>
+<DATELINE>    NORTH STONINGTON, Conn., March 23 -
+    </DATELINE><BODY>Annual div 11 cts vs 10 cts prior
+    Pay April 24
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14013" NEWID="8492">
+<DATE>23-MAR-1987 15:56:14.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2303&#31;reute
+r f BC-CORRECTION---MOODY'S   03-23 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - MOODY'S CUTS TEXAS AIR
+    In New York item headlined "Moody's Cuts Texas Air &lt;TEX>,
+Affirms Eastern," Moody's corrects that it lowered Texas Air's
+senior unsecured debt to B-3 from B-2, not the company's senior
+secured debt.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14014" NEWID="8493">
+<DATE>23-MAR-1987 15:56:35.76</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2304&#31;reute
+d f AM-IRAQ-OIL   03-23 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ REPLACES OIL MINISTER IN BIG GOVT SHUFFLE</TITLE>
+<DATELINE>    BAGHDAD, March 23 - </DATELINE><BODY>Iraqi President Saddam Hussein carried
+out his first major government shakeup in five years tonight,
+naming a new oil minister in shuffling three posts.
+    One minister was dropped in the shuffle, announced in a
+presidential decree. It gave no reason for the changes in the
+government of the Arab Baath Socialist Party which has ruled
+Iraq since a revolution in 1968.
+    The decree named the head of the Iraqi National Oil Company
+(INOC), Isam Abdul-Rahim al-Chalaby, to take over as oil
+minister replacing Qassem Ahmed Taqi.
+    Taqi, appointed oil minister in the last significant
+government reorganization in 1982, was moved to be minister of
+heavy industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14015" NEWID="8494">
+<DATE>23-MAR-1987 15:57:05.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2306&#31;reute
+r f BC-ANCHOR-SAVINGS-BANK-M   03-23 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANCHOR SAVINGS BANK MEMBERS APPROVE CONVERSION</TITLE>
+<DATELINE>    NORTHPORT, N.Y., March 23 - </DATELINE><BODY>Anchor Savings Bank board of
+trustees said a requisite majority of depositors and borrowers,
+by a vote of 37,531,576 to 714,490, approved Anchor's plan to
+convert from a federally chartered mutual savings bank to a
+federally chartered stock savings bank.
+    Anchor had assets of 7.3 billion dlrs as of June 30, 1986,
+it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14016" NEWID="8495">
+<DATE>23-MAR-1987 15:57:38.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2308&#31;reute
+r f BC-MOODY'S-MAY-CUT-ECOLA   03-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY CUT ECOLAB &lt;ECL>, UP CHEMLAWN &lt;CHEM></TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade the ratings of Ecolab Inc's 25 mln dlrs of debt
+and upgrade ChemLawn Corp's 15 mln dlrs of debt.
+    The agency cited Ecolab's definitive agreement to acquire
+ChemLawn for 370 mln dlrs.
+    "The acquisition should be financed initially with bank
+debt that, together with the assumption of ChemLawn's debt,
+could raise significantly Ecolab's leverage.
+    Under review are Ecolab's A-3 convertible subordinated
+debentures and the convertible Eurodebt of its unit, E.L.
+International Ltd. ChemLawn has B-1 convertible debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14017" NEWID="8496">
+<DATE>23-MAR-1987 16:02:29.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2322&#31;reute
+u f BC-CAESARS-&lt;CAW>-HAS-NO   03-23 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAESARS &lt;CAW> HAS NO COMMENT ON MTS TALKS</TITLE>
+<DATELINE>    LOS ANGELES, March 23 - </DATELINE><BODY>Caesars World Inc declined
+immediate comment on news that Martin Sosnoff's &lt;MTS
+Acquisition Corp> has held preliminary talks with two companies
+on the possibility of forming a joint venture to pursue the
+acquisition of Caesars.
+    Earlier today MTS said it held talks with Pratt Hotel Corp
+&lt;PRAT> and Southmark Corp &lt;SM> on forming a venture to acquire
+Caesars.
+    MTS also reported that it received a "negligible" number of
+Caesars World shares in response to its 28 dlr per share tender
+offer.
+    Earlier this month Caesars World rejected the Sosnoff
+takeover bid and said it is considering alternatives that
+include a restructuring or sale of the company to another
+party.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14018" NEWID="8497">
+<DATE>23-MAR-1987 16:04:04.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2326&#31;reute
+u f BC-DIXONS-SAYS-CITICORP   03-23 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIXONS SAYS CITICORP TO WITHDRAW CYCLOPS OFFER</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>&lt;Dixons Group PLC> said it received a
+letter on March 19 from Citicorp Capital Investors Ltd, part of
+the Cyacq investor group making a rival bid for Cyclops Corp
+&lt;CYL>, proposing to drop the group's offer if Dixons would sell
+Cyclops industrial businesses to Citicorp.
+    "Cyacq's main equity investor appears ready to pull out and
+deal directly with us for merely part of the company" said
+Dixons. "It raises questions as to the strength of their
+consortium and the purpose of their offer."
+    Dixons also said a U.S. Federal Court had refused a request
+by counsel for Cyacq, Audio/Video Affiliates Inc &lt;AVA> and a
+shareholder plaintiff to prevent Dixons from
+completing its tender offer for Cyclops. It also said the court
+refused to require Cyclops to provide Cyacq with confidential
+information previously provided to Dixons.
+    On Friday Cyacq Corp, an investor group led by Audio/Video
+Affiliates and Citicorp, raised their offer for Cyclops to
+92.50 dlrs per share from 80 dlrs per share, if certain
+conditions were satisfied.
+    Last week Dixons said it won out over rival bidders for
+Cyclops after getting 54 pct of Cyclop's oustanding with a
+90.25 dlr or 384 mln dlr tender offer that expired March 18.
+    On Friday, Dixons agreed to reopen its tender offer until
+March 25, Wednesday.
+    Dixons today called Cyacq's higher 92.50 dlr a share offer
+for Cyclops "highly conditional."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14019" NEWID="8498">
+<DATE>23-MAR-1987 16:04:49.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2330&#31;reute
+d f BC-TALKS-BETWEEN-UK,-ISL   03-23 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK DISCUSSES INSIDER TRADING WITH CHANNEL ISLANDS</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>Talks have occurred between Britain and
+the offshore financial centers of the Channel Islands and the
+Isle of Man aimed at reaching a pact to limit insider dealing,
+Corporate Affairs Minister Michael Howard said.
+    He told Parliament in a written answer that "there have been
+informal talks at official level. I would hope, in due course,
+to arrive at arrangements" along the lines of an agreed policy
+to curb trading which uses privileged information.
+    The Channel Islands and the Isle of Man are
+constitutionally independent of Britain's parliament, and have
+fiscal regimes sympathetic to business and the accumulation of
+capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14020" NEWID="8499">
+<DATE>23-MAR-1987 16:08:13.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2334&#31;reute
+u f AM-ld bolivia  03-23 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKS BEGIN TO END BOLIVIAN MINERS' STRIKE</TITLE>
+<DATELINE>    LA PAZ, March 23 - </DATELINE><BODY>Union leaders of 9,000 miners employed
+by the state corporation Comibol began talks with the
+government today on ways on ways to solve their strike over
+pay, a mining ministry spokesman said.
+    Labour minister, Alfredo Franco, met with Juan Lechin
+Oquendo, the veteran secretary general of the Bolivian Labour
+Organization (cob) and Victor Reyes, the miners federation top
+leader, at the mining ministry, he said.
+    "This time we shall start negotiations but continue with
+our moves to press the government until a solution is found for
+our demands," Lechin told reporters shortly before the talks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14021" NEWID="8500">
+<DATE>23-MAR-1987 16:08:30.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2335&#31;reute
+u f BC-SHAD   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUDGE, EX-SENATOR AMONG CONTENDERS FOR SEC POST</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>A federal judge and a former U.S.
+senator are among the top contenders to replace John Shad as
+chairman of the federal Securities and Exchange Commission
+(SEC), government sources said.
+    Also on the list of possible replacements are two current
+SEC commissioners, said the sources who asked not to be named.
+    Last week the White House said it would name Shad U.S.
+ambassador to the Netherlands. Among those most frequently
+placed on the short list of Shad's possible successors were
+Kevin Duffy, a New York federal judge, and Nicholas Brady, who
+served about eight months in the Senate in 1981.
+    Brady, currently a managing partner with the New York
+investment banking firm of Dillon, Read and Co Inc, was an
+interim replacement for Sen. Harrison Williams (D-N.J.) after
+Williams resigned in a congressional bribery scandal. Duffy was
+SEC New York regional administrator during 1969-72.
+    However, congressional sources speculated Brady may be
+unwilling to take the SEC post because he is active in Vice
+President George Bush's presidential campaign.
+    The SEC commissioners said to be possible replacements for
+Shad are Charles Cox and Edward Fleischman.
+    Fleischman was a New York securities lawyer before his SEC
+appointment while Cox was the commission's chief economist.
+    Sen. William Proxmire, the Wisconsin Democrat whose Senate
+Banking Committee would hold confirmation hearings on the new
+chairman, said he hoped that Shad's successor "would be very
+supportive of the division of enforcement's on-going
+investigation of the scandals on Wall Street and would be
+someone who did not come directly from the industry."
+    The White House said on Friday it would nominate Shad, 63,
+to succeed L. Paul Bremer as the U.S. ambassador to the
+Netherlands.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14022" NEWID="8501">
+<DATE>23-MAR-1987 16:12:30.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2344&#31;reute
+s f BC-PRIMARK-CORP-&lt;PMK>-RE   03-23 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIMARK CORP &lt;PMK> REGULAR DIVIDEND</TITLE>
+<DATELINE>    MCLEAN, Va., March 23 -
+    </DATELINE><BODY>Qtly div 32.5 cts vs 32.5 cts in prior qtr
+    Payable Mary 15
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14023" NEWID="8502">
+<DATE>23-MAR-1987 16:12:36.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2345&#31;reute
+s f BC-SAXON-OIL-DEVELOPMENT   03-23 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAXON OIL DEVELOPMENT PARTNERS &lt;SAX> IN PAYOUT</TITLE>
+<DATELINE>    DALLAS, March 23 -
+    </DATELINE><BODY>Qtly div two cts vs two cts prior
+    Pay May 15
+    Record March 31
+    NOTE: Full name Saxon Oil Development Partners LP.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14024" NEWID="8503">
+<DATE>23-MAR-1987 16:13:08.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bolivia</D><D>west-germany</D></PLACES>
+<PEOPLE><D>von-weizsaecker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2346&#31;reute
+d f AM-weizsaecker   03-23 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>W. GERMANY, BOLIVIA SIGN TWO COOPERATION PACTS</TITLE>
+<DATELINE>    LA PAZ, March 23 - </DATELINE><BODY>West Germany and Bolivia signed two
+cooperation treaties today expected to nearly double the amount
+of overall aid the south american country receives from its
+european trade partner, german officials said.
+    Paul Resch, economic attache for the west german embassy,
+told reuters that Germany had become the biggest european
+community lender to bolivia.
+    West german aid to Bolivia last year totalled 50 mln marks
+and officials travelling with President Richard Von Weizsaecker
+said overall aid to Bolivia is expected to reach 91 mln marks
+this year.
+    Weizsaecker is expected to announce the figure in a major
+speech later today at the bolivian congress, the officials
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14025" NEWID="8504">
+<DATE>23-MAR-1987 16:16:34.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2352&#31;reute
+u f BC-SECURITY-PACIFIC-&lt;SPC   03-23 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC &lt;SPC> REGISTERS DEBT</TITLE>
+<DATELINE>    LOS ANGELES, March 23 - </DATELINE><BODY>Security Pacific Corp said it filed
+a registration statement with the Securities and Exchange
+Commission covering 500 mln dlrs of subordinated debt
+securities.
+    Terms of the debt securities will be determined by market
+conditions at the time of sale, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14026" NEWID="8505">
+<DATE>23-MAR-1987 16:17:02.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2354&#31;reute
+r f BC-UNOCAL-&lt;UCL>-SELLS-SE   03-23 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOCAL &lt;UCL> SELLS SEVEN AND 10-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Unocal Corp is raising 450 mln dlrs
+through a two-tranche offering of notes, said lead manager
+Merrill Lynch Capital Markets.
+    A 150 mln issue of seven-year notes was given an 8-1/2 pct
+coupon and par pricing to yield 145 basis points more than
+comparable Treasuries. They are non-callable for life.
+    A 300 mln dlr offering of notes due 1997 was assigned an
+8-3/4 pct coupon and priced at 99.447 to yield 8.834 pct, or
+160 basis points over Treasuries. Non-callable for seven years,
+this issue was doubled from an initial offering of 150 mln
+dlrs, Merrill said.
+    Moody's Investors Service Inc rates the Unocal notes Baa-3
+and Standard and Poor's Corp rates them BBB-minus.
+    Shearson Lehman Brothers Inc co-managed the two-tranche
+deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14027" NEWID="8506">
+<DATE>23-MAR-1987 16:17:13.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2355&#31;reute
+u f BC-IBM-&lt;IBM>-REBOUND-SEE   03-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> REBOUND SEEN BY BERNSTEIN ANALYST</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>International Business Machines Corp,
+hit by a two-year earnings slump, should begin a come-back by
+the end of 1987 and post strong growth in 1988, analyst Rick
+Martin of Sanford C. Bernstein Co Inc said.
+    "There will be increasing momentum in earnings, albeit not
+until later this year," Martin said at a technology conference
+sponsored by the investment firm.
+    Martin said the coming rebound reflects new product
+introductions in the mid-range area, rather than any drastic
+improvement in economic growth or U.S. capital spending.
+    IBM, whose stock hit a 52-week low of 115-3/4 dlrs in
+mid-January, has come back lately. IBM was trading up 7/8 at
+149-1/2 dlrs.
+    Analysts, computer industry executives, and the company
+itself, have highlighted the external economic factors
+hampering IBM's growth.
+    But Martin said the product cycle was key to understanding
+the rise and fall of IBM and other computer companies, and
+pointed to Digital Equipment Corp &lt;DEC> to support his view.
+"By replacing the product line, earnings have soared," he said
+of DEC's line of VAX computers.
+    In contrast to DEC, IBM faultered with an incompatible
+mid-range product line. A new computer code-named "Fort Knox"
+was supposed to tie together a number of IBM's mid-range
+systems, but the product never got off the ground, he said.
+    Instead, aspects of the computer were integrated into the
+IBM 9370 machine introduced last year, and other aspects should
+be unwrapped by 1988, Martin said. "The major story will be a
+rebound in its mid-range business."
+    He said sales of IBM's mid-range computers fell about 13
+pct in 1986. But the new products will lead to 5.8 pct growth
+in mid-range computers this year and 30.7 pct growth in 1988.
+    High-end computers, primarily the Sierra line, are coming
+to the end of their product life cycle. Although growing 22.5
+pct in the midst of IBM's sharply lower 1986 year, growth will
+drop to 1.5 pct in 1987 and 1.9 pct in 1988, he said.
+    By 1988, overall revenue growth should rise to about 16
+pct, against 5.8 pct growth in 1987 and 2.4 pct in 1986, Martin
+said. Last year, IBM earned 4.8 billion dlrs on revenues of
+51.3 billion dlrs.
+    Investors asked what this all meant to DEC, whose earnings
+and stock have been propelled by a strong slew of product
+introductions in the mid-range area.
+    In response, Martin said he did not view IBM as a threat to
+DEC, nor DEC as a threat to IBM, because both companies were
+catering largely to existing customer bases, rather than
+stealing market share from one another.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14028" NEWID="8507">
+<DATE>23-MAR-1987 16:17:44.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2359&#31;reute
+r f BC-ADVANCED-VIRAL-RESEAR   03-23 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED VIRAL RESEARCH PLANT SET FOR APPROVAL</TITLE>
+<DATELINE>    MIAMI BEACH, Fla., March 23 - </DATELINE><BODY>&lt;Advanced Viral Research 
+Corp> said its facility to manufacture reticulose, an anti-
+viral agent, is ready for FDA inspection.
+    The company said it will make a formal request for the
+review by the end of March.
+    The company said if the facility is approved, initial tests
+and trials on AIDS patients will start soon afterward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14029" NEWID="8508">
+<DATE>23-MAR-1987 16:18:13.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2362&#31;reute
+f f BC-******U.S.-SELLS-3-MO   03-23 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLS 3-MO BILLS AT 5.55 PCT, STOP 5.56 PCT, 6-MO 5.55 PCT, STOP 5.55 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14030" NEWID="8509">
+<DATE>23-MAR-1987 16:22:37.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2369&#31;reute
+u f BC-CITICORP-(CCI)-SEEKS   03-23 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITICORP (CCI) SEEKS CYCLOPS &lt;CYL> STEEL UNIT</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>Citicorp Capital Investors Ltd, a
+unit of Citicorp, said it wants to buy Cyclops Corp's steel
+assets from Dixons Group PLC and is willing to pay 124.4 mln
+dlrs, nearly 13 mln dlrs more than had been offered for the
+assets by Alleghany Corp.
+    The disclosure of the Citicorp unit's interest in Cyclops'
+Industrial Group came in disclosure documents filed by Dixons
+Group with the Securities and Exchange Commission.
+    Alleghany's MSL Industries Inc unit had agreed to buy the
+steel assets from Dixons Group for 111.6 mln dlrs.
+    Dixons Group has tendered for all outstanding Cyclops
+shares at 90.25 dlrs a share in cash.
+    The Citicorp unit said its higher offer came to about three
+dlrs more for each Cyclops share outstanding.
+    As a condition of its offer, it said Dixons would have to
+increase the cash price it was to pay for each Cyclops share to
+93.25 dlrs in cash.
+    Dixons on Friday extended the expiration time of its tender
+offer until midnight (EST) March 24.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14031" NEWID="8510">
+<DATE>23-MAR-1987 16:23:24.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2370&#31;reute
+r f BC-BRUNSWICK-&lt;BC>-SEES-H   03-23 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRUNSWICK &lt;BC> SEES HIGHER 1987 FIRST QUARTER</TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>Brunswick Corp expects 1987 first
+quarter sales to be up "dramatically" and profits to "do well,"
+chairman and president Jack Reichert said after a securities
+analysts meeting.
+    He declined to be more specific.
+    In the 1986 first quarter, Brunswick reported earnings of
+23.8 mln dlrs or 57 cts a share on sales of 396.7 mln dlrs.
+    Reichart noted that results of its two newly-acquired boat
+manufacturing companies will be included in the company's first
+quarter report.
+    Brunswick expects its recreation centers to benefit from
+increased attention to the sport of bowling resulting from
+acceptance in the 1988 Summer Olympics of bowling as an
+exhibition sport and as a medal sport in the 1991 Pan American
+Games, he said.
+    He said field testing of a new bowling concept involving
+electronic features is being readied for test marketing this
+summer, and if successful, could "materially benefit"
+operations.
+    Brunswick is currently test marketing in California a
+health club facility adjoining a bowling center, he said.
+    Turning to its defense operations, Reichert said he expects
+the division to receive significant contracts in the near
+future. At 1986 year end, Brunswick's defense contract backlog
+stood at 425 mln dlrs.
+    Frederick Florjancic, vice president-finance, told analysts
+Brunswick was disappointed two credit rating services recently
+downgraded the company's debt which stood at about 665.4 mln
+dlrs at 1986 year end.
+    "We are confident we can service our debt and bring it down
+in the very near term," based on strong cash flow from
+Brunswick's expanded boat operations, Florjancic said.
+    Shareholders at the company's April 27 annual shareholders
+meeting will be asked to approve an increase in the authorized
+common shares outstanding to 200 mln from 100 mln shares, a
+company spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14032" NEWID="8511">
+<DATE>23-MAR-1987 16:23:33.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2371&#31;reute
+d f AM-YUGOSLAVIA-PRICES   03-23 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSPECTORS TO CHECK PRICE LEVELS IN YUGOSLAVIA</TITLE>
+<DATELINE>    BELGRADE, March 23 - </DATELINE><BODY>On thursday some 1,350 inspectors will
+check whether merchants in Yugoslavia have fully complied with
+government orders to roll back prices, the official Tanjug news
+agency said.
+    The government of Prime Minister Branko Mikulic last friday
+ordered the roll back of prices to the end of 1986 level on all
+products the cost of which has increased over 20.3 pct in the
+first two months of 1987, as the country's inflation soared
+towards 100 pct.
+    Tanjug said over 19,000 products will be affected. It said
+that the price of some 4,933 industrial food products has gone
+up in January an February from 104 to 775 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14033" NEWID="8512">
+<DATE>23-MAR-1987 16:23:58.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2372&#31;reute
+u f BC-MARK-IV-&lt;IV>-UNIT-TO   03-23 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARK IV &lt;IV> UNIT TO BEGIN CONRAC &lt;CAX> TENDER</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Mark IV Industries Inc said it plans
+to begin a tender offer at 25 dlrs a share for all outstanding
+shares of Conrac Corp &lt;CAX>, a Stamford, Conn., maker of
+control instruments and telecommunications products.
+    Mark IV said it owns about 670,400 shares or about 9.9 pct
+of Conrac's outstanding shares.
+    The offer, to be made through Mark IV Acquisition Corp, a
+wholly owned subsidiary, will not be conditioned on any minimum
+number of shares being tendered, the company said.
+    The tender offer will be conditioned upon, among other
+things, the completion of financing arrangements.
+    The terms and conditions of the offer will be described in
+documents to be filed with the Securities and Exchange
+Commission and mailed to Conrac shareholders as soon as
+possible.
+    Bear Stearns and Co is expected to act as dealer manager
+for the offer, it said.
+    A Conrac spokesman declined comment.
+    Conrac has about 6.75 mln shares outstanding. Its shares
+closed off 1-3/8 at 21-1/8 as about 84,400 shares changed
+hands.
+    Mark IV is a Williamsville, N.Y., maker of pastic products
+and industrial control equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14034" NEWID="8513">
+<DATE>23-MAR-1987 16:27:33.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2383&#31;reute
+u f BC-WEATHERFORD-&lt;WII>-SUS   03-23 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEATHERFORD &lt;WII> SUSPENDS PREFERRED PAYOUTS</TITLE>
+<DATELINE>    HOUSTON, March 23 - </DATELINE><BODY>Weatherford International said it
+suspended indefinitely payment of its regular quarterly
+dividend of 65.6 cts per share on its 2.625 convertible
+exchangeable cumulative preferred stock.
+    Weatherford said this will be the sixth non-payment of the
+dividend on the stock. It said payment would have been on April
+15, 1987.
+    Weatherford also said the holders of the preferred stock
+will have the right to elect two additional directors to the
+board of directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14035" NEWID="8514">
+<DATE>23-MAR-1987 16:28:45.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2388&#31;reute
+d f BC-MHI-GROUP-&lt;MH>-AFFILI   03-23 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MHI GROUP &lt;MH> AFFILIATED WITH CEMETARY OFFER</TITLE>
+<DATELINE>    TALLAHASSEE, Fla., March 23 - </DATELINE><BODY>MHI Group Inc said it is
+affiliated with several investors who have entered into a
+letter of intent providing for the purchase of Star of David
+Memorial Gardens and Cemetery.
+    The company said those investors will, under certain
+circumstances, cede their rights under the letter of intent and
+any definitive agreement to purchase the Fort Lauderdale, Fla.,
+funeral home and cemetery business to MHI.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14036" NEWID="8515">
+<DATE>23-MAR-1987 16:29:14.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2389&#31;reute
+d f BC-LOTUS-&lt;LOTS>-EXTENDS   03-23 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOTUS &lt;LOTS> EXTENDS SYMPHONY UPGRADE</TITLE>
+<DATELINE>    CAMBRIDGE, Mass, March 23 - </DATELINE><BODY>Lotus Development Corp said it
+will extend its Lotus Symphony 1.2 upgrade program
+indefinitely.
+    The program, which began shipping in September 1986, was
+originally expected to run through March 31, 1987.
+    Lotus Symphony 1.2 is designed to enhance Lotus' 1-2-3
+spreadsheet technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14037" NEWID="8516">
+<DATE>23-MAR-1987 16:31:12.37</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>iraq</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2393&#31;reute
+r f AM-GULF-IRAQ 1STLD  03-23 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ REPORTS ATTACKS ON SUPERTANKER, OIL TARGETS</TITLE>
+<DATELINE>    BAGHDAD, March 23 - </DATELINE><BODY>Iraq said its warplanes had attacked a
+supertanker and four Iranian oil sites and vowed to keep up
+such raids until the Gulf war ends.
+    The surprise escalation of attacks on oil installations
+broke more than a month-long lull in Iraqi air force action.
+    It also followed celebrations yesterday of what Baghdad
+hailed as Iran's failure to achieve victory during the Iranian
+year which ended on Saturday.
+    A high command communique said warplanes hit the western
+jetty at Iran's Kharg island oil terminal in the afternoon and
+struck a supertanker nearby at the same time.
+    The Kharg terminal, attacked about 135 times since August
+1985, was last raided in January.
+    The communique did not identify the supertanker, but said
+columns of smoke were seen billowing from it.
+    In London, Lloyds insurance said the 162,046-ton Iranian
+tanker Avaj was hit on Saturday, when Iraq reported an earlier
+Gulf attack.
+    But there has been no independent confirmation of today's
+supertanker attack nor of other raids on shipping reported by
+Baghdad in the past 24 hours.
+    The last confirmed Iraqi attack took place on March 8, when
+the Iranian tanker Khark-5 was hit south of Kharg.
+    Iraqi warplanes also struck Iran's offshore oilfields at
+Nowruz, Cyrus and Ardeshir in northern gulf, some 80 km (50
+miles) west of Kharg island, today's communique said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14038" NEWID="8517">
+<DATE>23-MAR-1987 16:31:27.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2394&#31;reute
+u f BC-COMMUNICATION-PROBLEM   03-23 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNICATION PROBLEMS AFFECTING CBOE QUOTES</TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>The Chicago Board Options Exchange,
+CBOE, said that due to telecommunications problems, last sale
+prices, market quotes and index values are updating
+intermittently.
+    The exchange said the problem affected prices from 1456 CST
+(2056 GMT). Trading in options at the CBOE closes at 1515 CST
+(2115 GMT).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14039" NEWID="8518">
+<DATE>23-MAR-1987 16:38:31.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2408&#31;reute
+b f BC-HARCOURT-&lt;HBJ>-DISAPP   03-23 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARCOURT &lt;HBJ> DISAPPOINTED WITH HARPER &lt;HPR></TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Harcourt Brace Jovanovich Inc said it
+is disappointed that no negotiations with Harper and Row
+Publishers Inc are underway.
+    Harcourt made a 50 dlrs a share unsolicited bid on March
+11.
+    On March 17, Harcourt said three of its officers met with
+Harper's financial advisor but has had no discussions since
+then.
+    Harcourt said it does not plan to increase its bid.
+    Harcourt's bid was preceded by an earlier 34 dlrs a share
+bid by Theodore Cross.
+    Harper had no response to Harcourt's announcement. Earlier
+today, Harper said a recently appointed special committee of
+independent directors had received expressions of interest from
+several domestic and foreign firms with respect to
+restructuring or acquisition transactions.
+    Harper said no determination had been made as to any
+transaction and that its special committee is continuing in
+talks with interested parties in an effort to come to a
+conclusion in the near future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14040" NEWID="8519">
+<DATE>23-MAR-1987 16:39:11.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2409&#31;reute
+b f BC-CANADA-PLANS-TWO-BOND   03-23 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA PLANS TWO BOND AUCTIONS</TITLE>
+<DATELINE>    OTTAWA, March 23 - </DATELINE><BODY>Canada plans an auction of three-year
+bonds March 31 and an auction of seven-year bonds April 1, the
+finance department said.
+    Further details would be announced March 25 on the bonds
+that will be dated and delivered April 16, 1987.
+    The department said the issues are contingent upon final
+Parliamentary authority being given to Bill C-40, a previously
+announced act to give the government supplementary borrowing
+authority for fiscal 1987 (March 31) and borrowing authority
+for fiscal 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14041" NEWID="8520">
+<DATE>23-MAR-1987 16:41:39.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2413&#31;reute
+u f BC-CLUB-MED-INC-&lt;CMI>-1S   03-23 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLUB MED INC &lt;CMI> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    NEW YORK, March 23 -
+    </DATELINE><BODY>Shr 41 cts vs 38 cts
+    Net 5,630,000 vs 5,152,000
+    Revs 97.1 mln vs 85.4 mln
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14042" NEWID="8521">
+<DATE>23-MAR-1987 16:45:05.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2421&#31;reute
+d f BC-DRIVER-HARRIS-CO-&lt;DRH   03-23 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRIVER-HARRIS CO &lt;DRH> 4TH QTR NET</TITLE>
+<DATELINE>    HARRISON, N.J., March 23 -
+    </DATELINE><BODY>Shr profit 22 cts vs loss 2.15 dlrs
+    Net profit 271,000 vs loss 2,530,000
+    Revs 16.3 mln vs 15.2 mln
+    Avg shr 1,238,000 and 1,177,000
+    12 mths
+    Shr profit 82 cts vs loss 2.14 dlrs
+    Net profit 982,000 vs loss 2,517,000
+    Revs 66.5 mln vs 64.5 mln
+    Avg shrs 1,193,000 vs 1,177,000
+    NOTE: net loss 1985 yr and qtr includes a charge of
+1,042,000, or 89 cts per share, for expenses related to
+restructuring of company's domestic alloy business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14043" NEWID="8522">
+<DATE>23-MAR-1987 16:46:23.34</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2425&#31;reute
+b f BC-/1987-U.S.-SOYBEAN-LO   03-23 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>1987 U.S. SOYBEAN LOAN SHOULD STAY SAME-AMSTUTZ</TITLE>
+<DATELINE>    WASHINGTON, MARCH 23 - </DATELINE><BODY>Congress should give the U.S.
+Agriculture Secretary the authority to keep the 1987 soybean
+loan rate at the current effective rate of 4.56 dlrs per bushel
+in order to help resolve the problem of soybean export
+competitiveness, USDA undersecretary Dan Amstutz said.
+    Speaking to reporters following a Senate Agriculture
+Appropriations hearing, Amstutz suggested that one way out of
+the current soybean program "dilemma" would be for Congress to
+allow the loan rate to remain at 4.56 dlrs. He indicated if the
+loan rate were 4.56 dlrs, USDA could then consider ways to make
+U.S. soybeans more competitive such as using certificates to
+further buydown the loan rate.
+    Under current law, the 1987 soybean loan rate cannot be
+less than 4.77 dlrs per bu.
+    Amstutz' suggestion would be for Congress to change the
+farm bill to allow USDA to leave the soybean loan rate at 4.56
+dlrs in crop year 1987 rather than increase it to 4.77 dlrs.
+    The 1986 effective loan rate is 4.56 dlrs because of the
+4.3 pct Gramm-Rudman budget cut.
+    Amstutz stressed that a major factor in any decision on
+soybean program changes will be the budget costs.
+    He told the hearing that the problem in soybeans is that
+the U.S. loan rate provides an "umbrella" to foreign production
+and causes competitive problems for U.S. soybeans.
+    Asked about the American Soybean Association's request for
+some form of income support, Amstutz said "the competitive
+problem is the most severe." He said USDA is still studying the
+situation and "no resolution" has yet been found.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14044" NEWID="8523">
+<DATE>23-MAR-1987 16:47:33.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2428&#31;reute
+u f BC-CANADA-BANK-DEREGULAT   03-23 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA BANK DEREGULATION TALKS MAKE PROGRESS</TITLE>
+<DATELINE>    OTTAWA, March 23 - </DATELINE><BODY>Canada's Minister of State for Finance,
+Tom Hockin, said substantial progress was made today with his
+provincial counterparts on deregulation of the country's
+financial system, but stumbling blocks remain.
+    "We were able to make considerable headway," Hockin told
+reporters following a six-hour meeting with provincial
+ministers responsible for financial institutions.
+    Hockin said he was optimistic an agreement could be reached
+by the June 30 deadline to bring the sweeping new system in
+place, but he was willing to extend it if necessary.
+    Under the proposed system the traditional barriers
+separating the banking, securities and life insurance sectors
+will be removed and, for the first time, cross ownership will
+be allowed.
+    But a jurisdictional dispute over who regulates the new
+institutions has broken out between the provinces and Ottawa.
+The provinces have traditionally had authority over securities
+while Ottawa held sway over banking.
+    Hockin, without giving details, said under the new system
+the regulatory system would have to be harmonized to "insure
+orderly and efficient markets."
+    Hockin said he made it clear to the provinces that Ottawa
+has jurisdiction in any international accords in the financial
+sector and would not allow any intrusion by the provinces in
+that area.
+    Hockin said the ministers did not have time to go into
+detail on all the issues and the talks would continue the rest
+of this week at the official level.
+                 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14045" NEWID="8524">
+<DATE>23-MAR-1987 16:49:06.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2434&#31;reute
+f f BC-******INLAND-STEEL,-N   03-23 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>INLAND STEEL, NIPPON STEEL TO FORM JOINT COLD ROLLED SHEET STEEL VENTURE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14046" NEWID="8525">
+<DATE>23-MAR-1987 16:49:42.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2438&#31;reute
+u f BC-TEXAS-INSTRUMENTS-&lt;TX   03-23 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INSTRUMENTS &lt;TXN> CHIP PACT APPROVED</TITLE>
+<DATELINE>    DALLAS, March 23 - </DATELINE><BODY>Texas Instruments Inc said the 
+International Trade Commission approved its previously
+disclosed settlement of a patent dispute with a number of
+Japanese semiconductor companies.
+    According to the settlement, Texas Instruments said it will
+receive fixed royalty payments of about 134 mln dlrs through
+1990.
+    The company said the payments will make a major
+contribution to first quarter 1987 net income.
+    The company said it will record a pre-tax, pre-profit
+sharing, gain of 108 mln dlrs in the first quarter 1987.
+    It also said the agreements provide for payment of per unit
+royalty payments which may exceed the amount of the fixed
+royalty payments, depending on production of the chips by the
+licensees. The per unit payments will be made starting in the
+second quarter.
+    The companies included in the settlement are &lt;Fujitsu Ltd>,
+Matsushita Electric Industrial Co Ltd &lt;MC>, &lt;Mitsubishi Corp>,
+&lt;Oki>, &lt;Sharp Corp> and &lt;Toshiba Corp>.
+    The company said the dispute is still continuing with
+Hitachi Ltd &lt;HIT>, NEC Corp &lt;NIPNY>, and &lt;Samsung>.
+    The company said the presiding judge of the International
+Trade Commission decided to terminate the investigation against
+NEC, but Texas Instruments will appeal the action to the full
+trade commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14047" NEWID="8526">
+<DATE>23-MAR-1987 16:53:49.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2458&#31;reute
+r f BC-COOPER-DEVELOPMENT-&lt;B   03-23 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPER DEVELOPMENT &lt;BUGS> RESTATES RESULTS</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 23 - </DATELINE><BODY>Cooper Development Co said it
+revised results for the year ended October 31 to a loss of 61.7
+mln dlrs, or 2.33 dlrs per share, down from the
+previously-reported loss of 12.1 mln dlrs, or 46 cts per share.
+    The restatement was made because of change in the method of
+accounting for a combination of several company-controlled
+concerns that resulted in a 53.5 mln dlr charge, Cooper
+Development said.
+    Last August Cooper Development combined its Cooper
+Biomedical Inc unit and its Cooper Laboratories subsidiary with
+Technicon Instruments Corp, a company acquired from Revlon Inc
+&lt;REV>, a Cooper spokesman said.
+    The spokesman said the transaction was accounted for as an
+acquisition, but the Securities and Exchange Commission took
+issue with the accounting method and said it should be
+accounted for as a reorganization of entities under common
+control.
+    This treatment requires that the costs associated with the
+transaction be expanded rather than capitalized as an
+intangible asset, the company said.
+    It also said that, since the charged required an expensing
+of previously accrued liabilities, the company will experience
+no resulting material change it its cash flow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14048" NEWID="8527">
+<DATE>23-MAR-1987 16:54:08.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2460&#31;reute
+h f BC-BORDEN-&lt;BN>-PLANT-FIN   03-23 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORDEN &lt;BN> PLANT FINED ON POLLUTION VIOLATIONS</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>The U.S. Environmental Protection
+Agency said Borden Inc was fined 545,000 dlrs for the delay of
+the installation of pollution controls in its canning plant in
+Lyons, N.Y.
+    The EPA said the U.S. District Court in Rochester, N.Y.,
+assessed the penalty in connection with its failure to comply
+with EPA-approved air quality regulations by July 1, 1980.
+    After Borden sought relief through the courts, a final
+compliance date was set for Dec 1, 1984, the EPA said.
+    The EPA said that Borden did not adequately correct the
+problems by the date and rejected Borden's argument that it had
+made a good faith effort to rectify the problems.
+    Borden sold the facility to C-B Foods in January 1986, the
+EPA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14049" NEWID="8528">
+<DATE>23-MAR-1987 16:56:40.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2469&#31;reute
+r f BC-AMBRIT-INC-&lt;ABI>-4TH   03-23 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMBRIT INC &lt;ABI> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    CLEARWATER, Fla., March 23 -
+    </DATELINE><BODY>Shr 28 cts vs nil
+    Net 3,614,000 vs 7,000
+    Revs 37.5 mln vs 7,835,000
+    Year
+    Shr 13 cts vs nil
+    Net 1,601,000 vs 30,000
+    Revs 145.5 mln vs 51 mln
+    NOTE: Per share amounts are after payment of preferred
+stock dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14050" NEWID="8529">
+<DATE>23-MAR-1987 16:57:38.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2471&#31;reute
+r f BC-ECOLAB-&lt;ECL>-DEBT-MAY   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECOLAB &lt;ECL> DEBT MAY BE DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Standard and Poor's Corp said it may
+downgrade Ecolab Inc's 10 mln dlrs of BBB-plus subordinated
+debt.
+    The agency cited Ecolab's proposed acquisition of ChemLawn
+Corp &lt;CHEM> for 370 mln dlr. S and P said there are uncertain
+returns on such a large investment for Ecolab as well as
+increased credit risk, with debt leverage rising to more than
+60 pct from 25 pct currently.
+    But S and P noted that the acquisition would broaden
+Ecolab's services. S and P said it would review management's
+plans to sell assets and use proceeds to reduce debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14051" NEWID="8530">
+<DATE>23-MAR-1987 16:57:58.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2472&#31;reute
+r f BC-&lt;ATLANTIS-INTERNATION   03-23 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ATLANTIS INTERNATIONAL LTD> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 23 -
+    </DATELINE><BODY>Shr loss 35 cts vs profit six cts
+    Net loss 3,555,293 vs profit 649,715
+    Revs 4,451,732 vs 3,910,652
+    Note: 1986 net includes 3.7 mln dlr writedown of oil and
+gas properties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14052" NEWID="8531">
+<DATE>23-MAR-1987 16:58:55.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2474&#31;reute
+u f BC-S/P-UPGRADES-WEYERHAU   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P UPGRADES WEYERHAUSER &lt;WY> MARKET PREFERRED</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Standard and Poor's Corp said it
+raised to A-plus from A Weyerhauser Co's 150 mln dlrs of market
+auction preferred stock, series A and B.
+    S and P assigned an A rating to the company's 200 mln dlrs
+of convertible exchangeable preference stock, and affirmed its
+A-plus senior debt and A-1 commercial paper. Weyerhauser has
+about 1.6 billion dlrs of debt securities outstanding.
+    It said the action reflected the preferred's diminished
+importance in the capital structure following the recent
+conversion of 2.80 dlr convertible cumulative preferred shares,
+which had a 200 mln dlr liquidiating value.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14053" NEWID="8532">
+<DATE>23-MAR-1987 16:59:14.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2476&#31;reute
+h f BC-BANK-OF-NEW-ENGLAND-&lt;   03-23 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW ENGLAND &lt;BKNE> NAMES SCOTT TO BOARD</TITLE>
+<DATELINE>    BOSTON, March 23 - </DATELINE><BODY>Bank of New England said it named Peter
+L. Scott, chairman and chief executive officer of Emhart Corp
+&lt;EMH>, to its board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14054" NEWID="8533">
+<DATE>23-MAR-1987 17:02:18.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2481&#31;reute
+f f BC-******AMERICAN-EXPRES   03-23 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS DECLARED A TWO-FOR-ONE STOCK SPLIT 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14055" NEWID="8534">
+<DATE>23-MAR-1987 17:04:56.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2484&#31;reute
+f f BC-******AMERICAN-EXPRES   03-23 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS RAISES QTLY DIVIDEND TO 38 CTS FROM 36 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14056" NEWID="8535">
+<DATE>23-MAR-1987 17:06:49.09</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2486&#31;reute
+u f BC-/U.S.-WILLING-TO-TALK   03-23 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WILLING TO TALK TO MOSCOW ON WHEAT PRICE</TITLE>
+<DATELINE>    WASHINGTON, MARCH 23 - </DATELINE><BODY>U.S. Agriculture undersecretary Dan
+Amstutz indicated the United States is willing talk with the
+Soviet Union about the competitiveness of U.S. wheat prices but
+would not discuss making U.S. wheat prices "cheap."
+    "There sometimes is a difference between being competitive
+and being cheap," Amstutz told a Senate Agriculture
+Appropriations hearing.
+    Amstutz said the difference of opinion between Moscow and
+Washington last summer on the level of the U.S. subsidy offered
+on wheat to the Soviet Union, was over whether the U.S. wheat
+price was competitive or cheap.
+    "I think there is a (U.S.) willingness to explore this
+issue as it pertains to competitiveness," Amstutz said.
+    However, Amstutz added that the United States would not be
+willing to discuss wheat prices with Moscow "if the issue is
+being cheap."
+    Asked later by a reporter what he meant by the distinction
+between competitive and cheap, Amstutz would not elaborate.
+    Amstutz said it is the U.S. judgment that the long-term
+grain agreement between the two countries calls for Moscow to
+buy at least four mln tonnes each of wheat and corn annually at
+"prices in effect in this country."
+    Amstutz made the comments in response to a question from
+Sen. Charles Grassley, R-Iowa, about expanding the export
+enhancement program to include grain sales to the Soviet Union.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14057" NEWID="8536">
+<DATE>23-MAR-1987 17:12:52.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2501&#31;reute
+f f BC-******AMERICAN-EXPRES   03-23 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS BOARD APPROVED NIPPON LIFE PURCHASE OF SHEARSON INTEREST
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14058" NEWID="8537">
+<DATE>23-MAR-1987 17:13:21.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2502&#31;reute
+f f BC-******AMERICAN-EXPRES   03-23 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS APPROVES PUBLIC OFFERING FOR PART OF SHEARSON LEHMAN BROTHERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14059" NEWID="8538">
+<DATE>23-MAR-1987 17:13:34.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2503&#31;reute
+d f BC-BANCTEXAS-&lt;BTX>-GETS   03-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCTEXAS &lt;BTX> GETS CONSOLIDATION APPROVAL</TITLE>
+<DATELINE>    DALLAS, March 23 - </DATELINE><BODY>BancTexas Group Inc said it received
+approval from the Comptroller of the Currency to consolidate
+its four banks in Harris County into one bank, which will be
+named BancTexas Houston NA.
+   The company also said it filed an appliction with the
+Comptroller of the Currency for permission to consolidate its
+five banks located in Dallas County into one bank under the
+name BancTexas Dallas NA.
+    In addition, the company said it filed a registration
+statement with the Securities and Exchange Commission relating
+to its previously announced restructuring plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14060" NEWID="8539">
+<DATE>23-MAR-1987 17:14:31.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2506&#31;reute
+r f BC-FEDERAL-PAPER-BOARD-&lt;   03-23 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL PAPER BOARD &lt;FBP> UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Moody's Investors Service Inc said it
+upgraded Federal Paper Board Co Inc's 290 mln dlrs of debt.
+    Raised were the company's senior debt to Ba-1 from Ba-2 and
+subordinated debt to Ba-3 from B-1. Moody's assigned a Ba-3
+rating to its convertible preferred stock.
+    Moody's cited reduced leverage, a strengthened equity base
+and increased fixed-charge coverage. Federal Paper Board's
+outstanding 125 mln dlrs of subordinated debt will be redeemed
+with the proceeds from the convertible preferred issue, the
+agency noted. Moody's also said it expects the company to have
+strong earnings this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14061" NEWID="8540">
+<DATE>23-MAR-1987 17:14:58.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2509&#31;reute
+r f BC-UNITED-ILLUMINATING-C   03-23 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED ILLUMINATING CO &lt;UIL> TWO MONTHS FEB 28</TITLE>
+<DATELINE>    NEW HAVEN, Conn., March 23 -
+    </DATELINE><BODY>Shr 1.51 dlr  vs 1.08 dlr
+    Net 23.1 mln vs 18.2 mln
+    Oper revs 81.1 mln vs 86.5 mln
+    12 mths
+    Shr 6.41 dlrs vs 5.77 dlrs
+    Net 106.5 mln vs 99.2 mln
+    Oper revs 465.8 mln vs 509.8 mln
+    NOTE: 1987 periods do not reflect the terms of earnings
+stipulation agreement among the company and various departments
+submitted for approval on March 18.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14062" NEWID="8541">
+<DATE>23-MAR-1987 17:20:03.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2522&#31;reute
+r f BC-DATA-CARD-&lt;DATC>-SEES   03-23 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA CARD &lt;DATC> SEES LOWER YEAREND RESULTS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 23 - </DATELINE><BODY>Data Card Corp said it does not
+expect to meet its earnings and revenue targets for the fiscal
+year ending March 28.
+    Earlier, the company said it expected earnings per share
+from continuing operations to be 35 to 45 cts a share. Now it
+sees that figure at 15 cts a share, or about 1.5 mln dlrs.
+    Data Card said it expects revenues for the year in the
+range of 170 mln to 175 mln dlrs, down from a previous estimate
+of 180 mln to 185 mln dlrs.
+    It said integration of Addressograph Farrington Inc, a
+private company acquired on Aug 25, 1986, is proving more
+difficult than expected. The company reported revenues of 154
+mln dlrs and net income of 10.6 mln dlrs in fiscal 1986 ended
+March 26, 1986.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14063" NEWID="8542">
+<DATE>23-MAR-1987 17:21:45.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2525&#31;reute
+d f BC-BALLY-&lt;BLY>-SHIFTS-MA   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY &lt;BLY> SHIFTS MANAGEMENT AT SUBSIDIARY</TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>Bally Mfg Co said it is reorganizing
+executive management of its lottery subsidiary, Scientific
+Games Inc, Norcross, Ga.
+    Effective April One, it said John Koza, co-founder and
+chairman/chief executive officer of Scientific Games, will
+become chairman emeritus of the subsidiary. He also will become
+a technical consultant to Bally and Scientific Games in gaming
+and lottery technology and new product development.
+    Bally said Daniel Bower, co-founder and president of
+Scientific Games, will assume Koza's former position as
+chairman and chief executive officer, while retaining his post
+as president.
+    Assisting Bower will be a newly formed executive committee,
+which will have primary operational responsibility for the
+company's day-to-day offairs.
+    Separately, it said Tom Little, a vice president, was named
+president-International Division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14064" NEWID="8543">
+<DATE>23-MAR-1987 17:23:02.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2530&#31;reute
+h f BC-DU-PONT-&lt;DD>-UPS-STAK   03-23 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DU PONT &lt;DD> UPS STAKE IN PERCEPTIVE SYSTEMS</TITLE>
+<DATELINE>    HOUSTON, March 23 - </DATELINE><BODY>Du Pont Co has increased its equity
+stake in &lt;Perceptive Systems Inc> to 33.5 pct from 20 pct,
+Perceptive Systems said.
+    Perceptive Systems, a venture capital firm based in
+Houston, makes digital imaging equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14065" NEWID="8544">
+<DATE>23-MAR-1987 17:24:52.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2538&#31;reute
+r f BC-QUAKER-OATS-&lt;OAT>-SEL   03-23 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUAKER OATS &lt;OAT> SELLS VERNELL'S FINE CANDIES</TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>Quaker Oats Co said Keystone Partners
+Inc has purchased Vernell's Fine Candies Inc, previously an
+indirect subsidiary of Quaker. The price was not disclosed.
+    It said Vernell's, based in Bellevue, Wash., had annual
+sales exceeding 30 mln dlrs. Vernell's was acquired by Quaker
+in its acquisition of Golden Grain Macaroni Co in August 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14066" NEWID="8545">
+<DATE>23-MAR-1987 17:25:17.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2539&#31;reute
+r f BC-LINCOLN-SAVINGS-&lt;LNSB   03-23 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINCOLN SAVINGS &lt;LNSB> SETS FIRST PAYOUT</TITLE>
+<DATELINE>    CARNEGIE, Penn., March 23 - </DATELINE><BODY>Lincoln Savings Bank said its
+board declared an initial dividend of 10 cts per share, payable
+April 17 to shareholders of record April 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14067" NEWID="8546">
+<DATE>23-MAR-1987 17:26:00.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2540&#31;reute
+d f BC-GRAPHIC-INDUSTRIES-&lt;G   03-23 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAPHIC INDUSTRIES &lt;GRPH> ENDS BUYOUT TALKS</TITLE>
+<DATELINE>    ATLANTA, March 23 - </DATELINE><BODY>Graphics Industries Inc said it
+terminated negotiations for the acquisition of &lt;Holladay-Tyler
+Printing Corp>, Rockville, Md.
+    The companies on March 10 announced that they had signed an
+agreement in principle for the acquisition.
+    No reason was given termination of the negotiations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14068" NEWID="8547">
+<DATE>23-MAR-1987 17:28:27.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2543&#31;reute
+r f BC-UNITED-&lt;UIL>-PACT-MAY   03-23 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED &lt;UIL> PACT MAY LOWER NONCASH INCOME</TITLE>
+<DATELINE>    NEW HAVEN, Conn., March 23 - </DATELINE><BODY>United Illuminating Co said
+that if the Department of Utility Controls approves an earnings
+stipulation agreement submitted March 18, it will reduce
+through accounting procedures its 1987 noncash earnings by 16
+mln dlrs or 1.15 dlr per share.
+    For the two month period ended February 28, 1987, it said
+the amount of the reduction would amount to 19 cts per share.
+Earlier, it reported net income for the two-month period of
+23.1 mln dlrs of 1.51 dlr a share.
+    United said the approval would lead it to an equity return
+level comparable with the electric utility industry average.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14069" NEWID="8548">
+<DATE>23-MAR-1987 17:29:34.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2544&#31;reute
+r f BC-BAKER-SAYS-LATINS-BAL   03-23 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS LATINS BALK AT U.S. IADB COMPROMISE</TITLE>
+<DATELINE>    MIAMI, March 23 - </DATELINE><BODY>U.S. Treasury Secretary James Baker said
+leading Latin American nations have delayed accepting a U.S.
+compromise proposal on major reforms of the Inter-American
+Development Bank.
+    In an interview with a small group of reporters, Baker said
+discussions on far-reaching reforms of the bank would resume
+around the fringes of the semiannual meeting of the
+International Monetary Fund in two weeks time.
+    But Baker said his compromise proposal, which he would not
+disclose, was no longer on the table.
+    "I made it clear that the proposal was not one that I
+expected to leave out there if we could not resolve it at this
+meeting," Baker said.
+    The U.S. had pressed for virtual veto power over IADB loans
+which were made on terms Washington considers far too lax.
+    In a bid to integrate the Bank into the U.S. debt strategy,
+Washington has suggested it would be ready to subscribe nine
+billion dlrs to a new four-year capital replenishment of the
+Bank.
+    In return Latin nations would have to give up their 54 pct
+simple majority voting power over IADB lending.
+    Baker said, "In my view, they have not rejected it out of
+hand at all and that it will be considered, should we choose to
+advance it at the April meeting."
+    A U.S. contribution of that size would lead to an effective
+four-year lending program by the Bank of 22.9 billion dlrs.
+    The actual capital increase would amount to 27 billion
+dlrs, but usable resources would be less because the callable
+capital of Latin debtors is theoretical and does not take place
+in practice, U.S. officials explained.
+    In return Latin nations would have to give up their 54 pct
+simple majority voting power over IADB lending.
+    Initially, the U.S. wanted 65 pct of votes to proceed with
+a loan, a position that would have given the U.S. a virtual
+veto since it holds almost 35 pct of the votes.
+    But it seemed clear from Baker's remarks he was at one
+point ready to concede an increased voting power, such as 62.5
+pct or 60 pct as the majority for approving loans, that would
+amount to a compromise between the original U.S. and Latin
+American positions.
+    Baker said, "In my view, they have not rejected it out of
+hand at all and that it will be considered, should we choose to
+advance it at the April meeting."
+    Baker made clear that since Mexico, Brazil, Venezuela and
+Argentina, representing the Latins, had declined to accept the
+plan today, the U.S. had reverted to its original position, but
+he added, "It's possible the proposal could be revived."
+    U.S. officials, who asked not to be named, said they
+believed a decision was not forthcoming because several top
+Latin finance officials were absent from the IADB annual
+meetings here.
+    And one official added that the key Latin officials would
+be present at the semi-annual meetings of the IMF and the World
+Bank.
+    The Treasury Secretary warned that if the issue is left
+unresolved "we can't look towards a greater (capital)
+replenishment here."
+    That would mean the U.S. would use another multilateral
+development bank, like the World Bank, as its principal vehicle
+for lending tied to fundamental economic reforms in debtor
+nations.
+    The IADB has tended to make loans for projects rather than
+sectoral loans aimed at reforming Latin economies and hence has
+never fully participated in Baker's third world debt plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14070" NEWID="8549">
+<DATE>23-MAR-1987 17:30:39.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2549&#31;reute
+u f BC-IBM-&lt;IBM>-COMPUTER-TO   03-23 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> COMPUTER TO SHIP AHEAD OF SCHEDULE</TITLE>
+<DATELINE>    RYE BROOK, N.Y., March 23 - </DATELINE><BODY>International Business Machines
+Corp said it will ship its mid-range 9370 computer two months
+earlier than it had planned.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14071" NEWID="8550">
+<DATE>23-MAR-1987 17:35:31.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2559&#31;reute
+b f BC-INLAND-&lt;IAD>,-NIPPON   03-23 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INLAND &lt;IAD>, NIPPON FORM JOINT STEEL VENTURE</TITLE>
+<DATELINE>    CHICAGO, March 23 - </DATELINE><BODY>Inland Steel Industries said it has
+formed a joint venture with Japan's Nippon Steel Corp to build
+and operate a cold-rolled steel products plant costing more
+than 400 mln dlrs.
+    The joint venture, I/N Tek, will be 60 pct owned by Inland
+and 40 pct owned by Nippon, it said.
+    The plant, scheduled for completion in 1990, will feature a
+continuous-process configuration designed to cut normal
+production times, to improve product quality and to lower
+manufacturing cost of cold-rolled sheet steel, it said.
+    Inland Chairman Frank Luerssen said Inland and Nippon will
+provide 150 mln dlrs of the venture's "off balance sheet"
+financing, with Inland providing 90 mln dlrs and Nippon 60 mln
+dlrs.
+    The balance, he said, will come from &lt;Mitsui and Co Ltd>,
+&lt;Mitsubishi Corp> and &lt;Nissho Iwai Corp>, three Japanese
+trading firms.
+    Luerssen said the plant will be located in South Bend,
+Ind., close to its product's automotive, appliance and office
+furniture markets, and near its source of raw materials,
+Inland's Indiana Harbor Works hot rolled steel plant.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14072" NEWID="8551">
+<DATE>23-MAR-1987 17:35:48.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2561&#31;reute
+r f BC-GENERAL-AUTOMATION-&lt;G   03-23 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL AUTOMATION &lt;GENA> TO OFFER NEW COMPUTER</TITLE>
+<DATELINE>    ANAHEIM, Calif., March 23 - </DATELINE><BODY>General Automation Inc said it
+will begin delivering this fall a 25 MHz, 32-bit ZEBRA
+multi-user business computer system.
+    The company said the new computer will double the terminal
+capacity of the current ZEBRA product.
+    The new ZEBRA 8820 will accommodate up to 256 concurrent
+users and will use up to five Motorola Inc &lt;MOT>
+microprocessors when fully configured.
+    General Automation said all ZEBRA 7820 computers will be
+fully upgradable to ZEBRA 8820.
+    First customer deliveries are scheduled for
+October-November, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14073" NEWID="8552">
+<DATE>23-MAR-1987 17:36:04.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f2563&#31;reute
+r f BC-VOLCKER-ASSISTANT-JOI   03-23 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER ASSISTANT JOINS PEAT MARWICK</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>Steven Roberts, assistant to Federal
+Reserve Board Chairman Paul Volcker, has joined the firm of
+Peat Marwick Mitchell and Co, the company said.
+    Roberts, 42, will be in charge of the firm's institutional
+regulatory consulting capability, and will be based in
+Washington.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14074" NEWID="8553">
+<DATE>23-MAR-1987 17:37:05.61</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2564&#31;reute
+u f BC-HUGHES'-U.S.-RIG-COUN   03-23 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES' U.S. RIG COUNT RISES TO 784</TITLE>
+<DATELINE>    HOUSTON, March 23 -  </DATELINE><BODY>U.S. drilling activity rose last week
+with the number of working rotary rigs up by 23 to 784, against
+1,063 working rigs one year ago, Hughes Tool Co. said.
+    The improvement was the first increase this year in the
+weekly rig count, which had dropped steadily since early
+January when a total of 962 rotary rigs were working.
+    Among individual states, Texas and Oklahoma reported the
+biggest gains in drilling last week with increases of 21 and
+11, respectively. California and Louisiana were each up by
+three and Wyoming gained two additional working rigs.
+    Hughes Tool said it counted a total of 692 rigs drilling on
+land, 74 rigs active offshore and 18 drilling in inland waters.
+In Canada, the rig count was up by two to 183, against 324 one
+year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14075" NEWID="8554">
+<DATE>23-MAR-1987 17:37:39.20</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2565&#31;reute
+u f BC-AMSTUTZ-SAYS-FARM-TRA   03-23 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMSTUTZ SAYS FARM TRADE ACCORD POSSIBLE IN 1988</TITLE>
+<DATELINE>    WASHINGTON, MARCH 23 - </DATELINE><BODY>U.S. Agriculture undersecretary
+Daniel Amstutz said it is possible to reach a global agreement
+to scale-back agricultural supports in calendar 1988.
+    Speaking to a Senate Agriculture Appropriations committee
+hearing, Amstutz said "I think we can reach agreement in
+calendar 1988."
+    Amstutz said the U.S. places a high priority on the Uruguay
+round of global trade talks.
+    His comments followed a statement by Secretary of State
+George Shultz last week urging agriculture be the highest
+priority item during the upcoming summit of western heads of
+state in Venice, Italy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14076" NEWID="8555">
+<DATE>23-MAR-1987 17:42:07.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2572&#31;reute
+s f BC-CAMPBELL-RED-LAKE-MIN   03-23 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMPBELL RED LAKE MINES LTD &lt;CRK> QTLY DIV</TITLE>
+<DATELINE>    TORONTO, March 23 - 
+    </DATELINE><BODY>Qtly div 10 Canadian cts vs 10 Canadian cts prior
+    Pay May 25
+    Record April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14077" NEWID="8556">
+<DATE>23-MAR-1987 17:42:23.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2574&#31;reute
+s f BC-STOKELY-USA-INC-&lt;STKY   03-23 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOKELY USA INC &lt;STKY> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    OCONOMOWOC, WIS., March 23 -
+    </DATELINE><BODY>Qtly div three cts vs three cts previously
+    Pay April 15
+    Record April One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14078" NEWID="8557">
+<DATE>23-MAR-1987 17:42:47.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f2577&#31;reute
+r f BC-NEW-YORK-REGULATOR-AT   03-23 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK REGULATOR ATTACKS SENATE BANK BILL</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Jill Considine, New York State
+Superintendent of Banks, said a federal banking bill proposal
+now before the Senate, which includes a moratorium on new
+non-bank activities by bank holding companies, would preempt
+state banking authority.
+    "This bill purports to freeze the 'status quo' of banking
+but in fact only magnifies the existing competitive
+inequalities and places a strait-jacket on the ability of
+states to permit banks to diversify their services and expand
+geographically," Considine said in a statement.
+    "This bill is antithetical to the concept of the dual
+banking system, which encourages states to experiment and
+innovate," she added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14079" NEWID="8558">
+<DATE>23-MAR-1987 17:42:52.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2578&#31;reute
+d f BC-COOPER-SAYS-OFFER-MUS   03-23 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPER SAYS OFFER MUST INCLUDE CLASS A SHARES</TITLE>
+<DATELINE>    TORONTO, March 23 - </DATELINE><BODY>&lt;Cooper Canada Ltd> said it told those
+who have expressed interest in acquiring control of the company
+that it would entertain no offer unless it were made to holders
+both of class A non-voting shares and voting common.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14080" NEWID="8559">
+<DATE>23-MAR-1987 17:43:08.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2579&#31;reute
+r f BC-KINGS-ROAD-ENTERTAINM   03-23 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KINGS ROAD ENTERTAINMENT &lt;KREN> 3RD QTR LOSS</TITLE>
+<DATELINE>    LOS ANGELES, March 23 - </DATELINE><BODY>Qtr ended Jan 31
+    Shr loss seven cts vs loss 64 cts
+    Net loss 367,000 vs loss 3,009,000
+    Revs 2,516,000 vs 8,787,000
+    Nine mths
+    Shr loss 73 cts vs loss 1.17 dlrs
+    Net loss 3,545,000 vs loss 4,573,000
+    Revs 6,768,000 vs 13.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14081" NEWID="8560">
+<DATE>23-MAR-1987 17:43:20.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2580&#31;reute
+r f BC-BURNHAM-SLEEPY-HOLLOW   03-23 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURNHAM SLEEPY HOLLOW &lt;DOZEZ> CONVERTS TO CORP</TITLE>
+<DATELINE>    SAN DIEGO, Calif., March 23 - </DATELINE><BODY>Partners of Burnham Sleepy
+Hollow Ltd said they voted to convert the limited partnership
+to a California corporation, called Burnham Pacific Properties
+Inc.
+    The new corporation will become a real estate investment
+trust, effective March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14082" NEWID="8561">
+<DATE>23-MAR-1987 17:45:28.02</DATE>
+<TOPICS><D>acq</D><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2583&#31;reute
+b f BC-AMERICAN-EXPRESS-&lt;AXP   03-23 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS &lt;AXP> APPROVES SHEARSON OFFER</TITLE>
+<DATELINE>    New York, March 23 - </DATELINE><BODY>American Express Co said its board
+approved a public offering of about 18 pct of its wholly owned
+Shearson Lehman Brothers Inc brokerage unit.
+    American Express also approved the previously announced
+plan to sell about 13 pct, or 13 mln convertible preferred, of
+the unit to Nippon Life insurance co for 538 mln dlrs. The
+preferred shares are convertible to the same number of common
+shares following Hart-Scott-Rodino and FDIC approvals.
+    American Express said it will maintain 60 pct, or 60 mln of
+the 100 mln shares of Shearson that will be outstanding.
+    American Express said it had agreed with Nippon life that
+American Express will hold a minimum of 40 pct of Shearson
+until January, 1999.
+   American Express said 7.5 mln Shearson shares would be held
+by certain employees of Shearson and one mln by a Shearson
+stock ownership plan to be formed.
+    American Express said it anticipates a registration
+statement for the public offering will be filed with the
+Securities and Exchange Commission shortly.
+    American Express also declared a two-for-one stock split
+and raised its quarterly dividend to 38 cts per share from 36
+cts on a pre-split basis. Both dividends are payable May 8, to
+shareholders of record April 3. There are currently 215 mln
+American Express shares outstanding.
+    The transaction with Nippon Life remains subject to
+approval by the Japanese ministry of finance, which is expected
+in April.
+    American Express also said an agreement was reached by
+Shearson and Nippon Life providing for a joint venture in
+London.
+    The venture will focus on investment advisory asset
+management, market research and consulting on financing. It
+also said it expects the relationship to extend to selected
+projects involving American Express, Shearson Lehman and Nippon
+Life in key financial centers of Asia and other regions, and to
+future personnel exchanges.
+    Under the agreement, Nippon will receive 13 mln cumulative
+preferred shares with a five pct dividend rate. The cumulative
+preferred stock will become convertible with voting powers to
+an equal number of common shares following the U.S. government
+approvals.
+    American Express said that assuming conversion of the
+preferred stock held by Nippon, 100 mln shares of Shearson
+Lehman common stock would be outstanding. For the public
+offering, it said there will be an underwriters overallotment
+option to purchase 1.8 mln shares.
+    American Express will also grant Nippon Life a five-year
+warrant to purchase one mln American Express common shares at
+100 dlrs per share. There are currently 215 mln American
+Express shares outstanding.
+    Nippon Life would be entitled to nominate two directors to
+the Shearson board and one representative to serve as an
+adviser to the American Express board of directors.
+    "These proposed transactions are yet another signal that
+american express intends to stay in the forefront of the
+financial services industry worldwide," said American Express
+Chairman James D. Robinson. "The implementation of our plans,
+moreover, will enable us to maintain a majority interest in
+shearson while enhancing the strength of our balance sheet by
+tapping additional capital resources for shearson outside
+american express."
+Reuter...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14083" NEWID="8562">
+<DATE>23-MAR-1987 17:49:08.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2585&#31;reute
+r f BC-STERIVET-LABS-&lt;STVTF>   03-23 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERIVET LABS &lt;STVTF> SETS STOCK SPLIT</TITLE>
+<DATELINE>    TORONTO, March 23 - </DATELINE><BODY>Sterivet Laboratories Ltd said it
+authorized a three-for-one split of its common stock.
+    The company said the stock split is subject to approval by
+its shareholders at its upcoming annual meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14084" NEWID="8563">
+<DATE>23-MAR-1987 17:50:01.25</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2587&#31;reute
+d f BC-CHICAGO-FUTURES-LEADE   03-23 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO FUTURES LEADER SAYS MARKETS CAN ADAPT</TITLE>
+<AUTHOR>    By Nelson Graves, Reuter</AUTHOR>
+<DATELINE>    BOCA RATON, Fla., March 23 - </DATELINE><BODY>Foreign currency futures
+markets would not be harmed if the leading industrial countries
+agreed to restrict currency movements to within a narrow band,
+said Leo Melamed, chairman of the Chicago Mercantile
+Exchange's, CME, executive committee.
+    "The target zone would not affect our market I think at
+all.... A 10 pct range in the Deutsche mark gives us a healthy
+market," Melamed told Reuters in an interview.
+    "We were willing to live in the old Smithsonian era with a
+four pct shift," he said, referring to permitted currency
+fluctuations in the early 1970s. "One thing you can adjust is to
+make each contract a larger value."
+    As chairman of the CME in 1969-71, Melamed was instrumental
+in the development of currency futures, which now are crucial
+to the Chicago exchange.
+    Melamed said capital flows -- which he estimated can
+approach 200 billion dlrs a day -- would overwhelm efforts by
+governments to control currency fluctuations.
+    "They can do it for a day, in terms of intervention, an
+hour, a week maybe, but not over a period of time. So it's
+unrealistic and it doesn't work and it's unnecessary."
+    The CME's top policymaker also said a decision by the
+exchange to advance the quarterly settlement time of its stock
+index futures contract to the morning from the afternoon would
+help eliminate dramatic price gyrations in futures and equity
+markets on so-called "triple-witching" day.
+    "We think that the settlement in the morning will have a
+salutary effect so that over a longer period of time I think
+this issue (triple witching) will go away because of the change
+in the structure as of next June," when the move is scheduled to
+go into effect, he said.
+    Melamed said proposed changes in floor practices by traders
+of the popular Standard and Poor's 500 stock index future would
+address complaints of trading abuses and stimulate trading.
+    Two weeks ago, the CME board of directors proposed barring
+brokers on the top step of the pit from trading for their own
+account. The board also proposed requiring brokers engaged in
+dual trading elsewhere in the pit to record personal trades to
+the nearest minute and curbing trading between broker groups.
+    The changes "will in time have an extremely positive effect
+on the marketplace. That's going to prove very, very
+instrumental in increasing volume over time," he said,
+predicting the increase would come within a year.
+    Melamed, also chairman of Dellsher Investment Co Inc, said
+the CME last week withdrew a proposal to put a 12-point limit
+on the S and P 500 index's daily price movement when the
+Commodity Futures Trading Commission told the exchange it could
+not be a temporary program.
+    The CME also received "many negative comments, many more
+than we anticipated," Melamed conceded. Many futures commission
+merchants predicted sell orders would accelerate in the event
+the price approached the bottom limit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14085" NEWID="8564">
+<DATE>23-MAR-1987 17:50:25.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2589&#31;reute
+u f BC-GTE-&lt;GTE>-FILES-AUCTI   03-23 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE &lt;GTE> FILES AUCTION PREFERRED SHARE OFFER</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>GTE Corp filed with the Securities
+and Exchange Commission for a shelf offering of four mln shares
+of auction preferred stock on terms to be set at the time of
+sale.
+    The dividend rate on the shares is reset by auction every
+49 days. The shares will be offered in units of 1,000 and each
+unit will have a liquidation preference of 100,000 dlrs. An
+underwriting group will be led by Goldman, Sachs and Co.
+    GTE said proceeds will be used to reduce short-term debt
+and to partially fund repurchases of common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14086" NEWID="8565">
+<DATE>23-MAR-1987 17:50:41.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2591&#31;reute
+d f BC-TCBY-ENTERPRISES-INC   03-23 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TCBY ENTERPRISES INC &lt;TCBY> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    LITTLE ROCK, ARK., March 23 -
+    </DATELINE><BODY>Shr eight cts vs five cts
+    Net 1,370,898 vs 823,988
+    Sales 7,786,730 vs 4,383,825
+    Avg shrs 17,744,333 vs 17,071,236
+    NOTE: Per-share amounts adjusted for three-for-two stock
+splits in April and July, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14087" NEWID="8566">
+<DATE>23-MAR-1987 17:52:58.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2598&#31;reute
+d f BC-SPACE-MICROWAVE-&lt;SMLI   03-23 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPACE MICROWAVE &lt;SMLI> SETS SECURITIES OFFERING</TITLE>
+<DATELINE>    SANTA ROSA, Calif., March 23 - </DATELINE><BODY>Space Microwave Laboratories
+Inc said it registered with the Securities and Exchange
+Commission a secondary offering of 2,200 units of its
+securities at 1,000 dlrs per unit.
+    Each unit consists of shares of common stock, common stock
+purchase warrants and 1,000-dlr principal amount of convertible
+subordinated debentures.
+    RLR Securities Group Inc will underwrite the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14088" NEWID="8567">
+<DATE>23-MAR-1987 17:53:58.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2601&#31;reute
+d f BC-HECLA-&lt;HL>-BUYS-STAKE   03-23 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HECLA &lt;HL> BUYS STAKE IN GREENS CREEK VENTURE</TITLE>
+<DATELINE>    DENVER, March 23 - </DATELINE><BODY>Hecla Mining Co said it agreed to buy a
+28 pct stake in the Greens Creek joint venture from Amselco
+Minerals Inc, a unit of British Petroleum PLC's &lt;BP> BP North
+America Inc unit.
+    The Greens Creek venture is engaged in final project
+engineering of a gold-silver-lead-zinc ore body on Admiralty
+Island, about 15 miles southwest of Juneau, Alaska.
+    Hecla said it estimates its total investment in the
+project, including its share of production costs, will be about
+45 mln dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14089" NEWID="8568">
+<DATE>23-MAR-1987 17:59:54.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2608&#31;reute
+d f BC-U.S.-TREASURY-TO-MODI   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY TO MODIFY TRANSFERS PROGRAM</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>The Treasury said it was modifying
+its computerized Coupons Under Book-Entry Safekeeping (CUBES)
+program by permitting on-line transfers of funds against
+payment by deposit-taking institutions.
+    Each institution will be able to keep a CUBES account at
+its local Federal Reserve Bank or a branch and through it
+handle trading nationwide, a Treasury release said.
+    The new system is expected to be in operation late this
+year.
+    Currently, CUBES accounts are maintained off-line at the
+Federal Reserve Bank of New York, the Treasury said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14090" NEWID="8569">
+<DATE>23-MAR-1987 18:03:09.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2612&#31;reute
+u f BC-By-Peter-Elsworth   03-23 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPRINT OPTIMISTIC DESPITE LOSSES</TITLE>
+<AUTHOR>    By Peter Elsworth</AUTHOR>
+<DATELINE>    DALLAS, March 23 - </DATELINE><BODY>US Sprint, the 50-50 telephone venture
+of GTE Corp &lt;GTE> and United Telecommunications Inc &lt;UT> set up
+last June, is optimistic despite expecting to report a net loss
+of about 500 mln dlrs this year.
+     David M. Holland, president of US Sprint's Dallas-based
+Southwest Division, told Reuters in an interview that he did
+not know what it would report for the first quarter, but agreed
+that for the year the company should have about the same
+results as last year when it lost "about 500 mln dlrs."
+     He noted the company was slated to spend 2.3 billion dlrs
+over "two plus years" to set up its network.
+
+    Holland added that Sprint was still paying almost 500 mln
+dlrs a year to American Telephone and Telegraph Co (T) in order
+to lease its lines.
+     He said 16,000 miles of its 23,000 mile fiber optic
+telephone line are now "in the ground," and 7,000 miles are
+operable.
+     By the end of the year, he said, 90 pct of the company's
+subscribers will be carried on its fiber optic lines (instead
+of leased ATT lines), compared with 60 pct by the end of the
+second quarter.
+    Fiber optic lines, which send digital light impulses along
+microscopic glass lines, is quicker, more accurate and more
+economical than traditional copper cables. A fiber optic line
+the diameter of a dime can carry the same amount of information
+as a copper cable 20 feet in diameter.
+     "By the end of the year, we will have the capacity to
+carry 50 pct of all U.S. long distance phone calls," Holland
+said.
+    He said ATT currently controls about 80 pct of the U.S.
+long distance market, with MCI Communications Corp &lt;MCIC> about
+10 to 12 pct and Sprint five to seven pct.
+     Holland said Sprint's rates, which were 50 pct lower than
+ATT when it did not pay to gain access to local telephone
+exchanges, were now about 10 to 12 pct lower now that all the
+companies have equal access. He said the company was cutting
+back its advertising by about 30 pct this year.
+     At the same time, he said Sprint had increased its total
+number of customers to four mln from two mln from July 1986 to
+last January.
+    "We've captured the fiber high ground, shown the importance
+of it," he said.
+     Concerning the deregulation of ATT, Holland said he
+believed ATT "should be given some flexibility, but should be
+regulated on pricing plans."
+     "They're so dominant in the market place," he said, adding
+that ATT should be deregulated when "there is true competition
+in the marketplace."
+     "It takes time to prove ourselves and a lot of money," he
+said, adding, "maybe two to four years out, it's hard to say."
+    Holland said he was not concerned about talk that Sprint's
+two owners might be squabbling or that corporate raiders, such
+as the Belzberg family in Canada, might be putting pressure on
+them to sell off their loss-making Sprint holdings.
+     "They are two excellent partners who have stated time and
+time again their support of US Sprint," he said, adding that he
+was "amazed" at industry talk that the two companies might be
+arguing. "There's no evidence of that," he said.
+     He said Sprint's progress in such areas as revenues,
+number of customers and construction was on track, even "ahead
+in many areas."
+    Looking beyond the United States, Holland said Sprint
+currently had direct access to 34 countries and aimed to be in
+90 pct of the Free World nations by 1988.
+    "We want to be in every country that ATT serves," he said.
+    He said Sprint currently does not have access to Mexico but
+was working on it.
+     He noted negotiations between Mexico and GTE Sprint, the
+forerunner of US Sprint, had been broken off by the September
+1985 earthquake which had devastated the nation's telephone
+network.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14091" NEWID="8570">
+<DATE>23-MAR-1987 18:19:05.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2641&#31;reute
+r f BC-GEODYNE-&lt;GEOD>-TO-OFF   03-23 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEODYNE &lt;GEOD> TO OFFER PARTNERSHIP UNITS</TITLE>
+<DATELINE>    TULSA, Okla., March 23 - </DATELINE><BODY>Geodyne Resources Inc said it will
+begin selling immediately 300 mln dlrs worth of limited
+partnership interests in PaineWebber/Geodyne Energy Income
+Program II.
+     The company said a unit will serve as general partner of
+the partnership, which will acquire oil and gas producing
+properties from third parties.
+    PaineWebber &lt;PWJ> will serve as the dealer-manager for the
+offering, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14092" NEWID="8571">
+<DATE>23-MAR-1987 18:19:55.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2643&#31;reute
+r f BC-AVALON-&lt;AVL>-STAKE-SO   03-23 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVALON &lt;AVL> STAKE SOLD BY DELTEC</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Avalon Corp said that &lt;Deltec
+Panamerica SA> has arranged to sell its 23 pct stake in Avalon
+and that Deltec's three representatives on Avalon's board had
+resigned.
+    An Avalon spokeswoman declined to indentify the buyer of
+Deltec's stake or give terms of the sale.
+    In addition, Avalon said three other directors resigned. It
+said Benjamin W. Macdonald, a director of &lt;TMOC Resources Ltd>,
+the principal holder of Avalon stock, and Hardwick Simmons, a
+vice chairman of Shearson Lehman Bros Inc, were then named to
+the board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14093" NEWID="8572">
+<DATE>23-MAR-1987 18:20:04.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2644&#31;reute
+r f BC-QUAKER-OATS-&lt;OAT>-SEL   03-23 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUAKER OATS &lt;OAT> SELLS UNIT TO KEYSTONE</TITLE>
+<DATELINE>    SEATTLE, Wash., March 23 - </DATELINE><BODY>The Quaker Oats Co said it sold
+its Vernell's Fine Candies Inc unit to privately-held Keystone
+Partners Inc for an undisclosed price.
+    The company said Vernells had sales of around 30 mln dlrs
+in the year ended in August, 1986.
+    Quaker Oats acquired Vernells in August, 1986 when it
+purchased Golden Grain Macaroni Co.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14094" NEWID="8573">
+<DATE>23-MAR-1987 18:25:12.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2647&#31;reute
+r f BC-U.S.-BUDGET-WRITERS-T   03-23 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUDGET WRITERS TO DRAFT MEASURE JOINTLY</TITLE>
+<DATELINE>    WASHINGTON, March 23 - </DATELINE><BODY>Republicans apparently have ended
+their vote boycott at the budget drafting sessions of the House
+Budget Committee.
+    House Budget Committee Chairman William Gray, a Democrat,
+announced that Republicans now would like to join in the effort
+to write a budget, but behind closed doors.
+    Last week, Republicans refused to vote on any budget issues
+contending they had been left out of the process.
+    The committee plans to meet tomorrow on a budget and Gray
+said he welcomes the "good faith effort" of the minority
+Republicans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14095" NEWID="8574">
+<DATE>23-MAR-1987 18:25:19.62</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2648&#31;reute
+u f BC-U.S.-TO-ASK-JAPAN-TO   03-23 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO ASK JAPAN TO DROP BEEF RESTRICTIONS</TITLE>
+<DATELINE>    STILLWATER, Okla., March 23 - </DATELINE><BODY>U.S. Agriculture Secretary
+Richard Lyng will ask the Japanese Government to remove all
+beef import restrictions when he visits there next month.
+    Lyng's remarks came in a speech at Oklahoma State
+University today.
+    "We think Japanese consumers should have the same freedom
+of choice as our consumers. Look at all the Japanese cameras
+and tape recorders in this room. We know they'd buy more beef
+if they had the opportunity," Lyng said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14096" NEWID="8575">
+<DATE>23-MAR-1987 18:27:09.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>south-africa</D></PLACES>
+<PEOPLE><D>mulroney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2649&#31;reute
+r f BC-CANADA'S-MULRONEY-TO   03-23 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA'S MULRONEY TO MEET WITH ANC LEADER</TITLE>
+<DATELINE>    OTTAWA, March 23 - </DATELINE><BODY>Prime Minister Brian Mulroney has agreed
+to meet African National Congress president Oliver Tambo in
+Ottawa sometime in late April or early May, a senior official
+for the outlawed South African organization said.
+    Mac Maharaz said Mulroney and Tambo would discuss more
+possible Canadian sanctions against the South African
+government.
+    Maharaz, visiting Ottawa to speak to a conference on native
+Indian rights, said Tambo would urge Mulroney to cut all
+diplomatic and economic ties with South Africa.
+    He said that Tambo would also ask Mulroney to refuse
+diplomatic accreditation to South Africa's newly designated
+ambassador to Canada, Johannes de Klerk.
+    "I certainly would regard Canada's refusal to accept the
+accreditation of any further ambassador as a significant
+movement," said Maharaz. "I think in diplomatic protocol, it
+would be a major signal."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14097" NEWID="8576">
+<DATE>23-MAR-1987 18:28:40.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE><D>mulroney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2651&#31;reute
+r f BC-acid-rain   03-23 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULRONEY CALLS ON CONGRESS FOR ACID RAIN ACTION</TITLE>
+<DATELINE>    QUEBEC, MARCH 23 - </DATELINE><BODY>Prime Minister Brian Mulroney called on
+Americans to pressure Congress in the fight against acid rain
+in what some observers said may represent a shift in Canada's
+lobbying strategy with the United States.
+    Mulroney told delegates to a North American wildlife
+conference that he has not been pleased with the U.S.
+administration's lack of speed in acting on the question, which
+Canada sees, he said, "as a test of our relationship" with the
+U.S.
+    Mulroney and President Reagan endorsed a report by
+specially appointed acid rain envoys last year. Last week, the
+White  House asked Congress for 2.50 billion U.S. dlrs to fund
+the acid rain fight.
+    Mulroney described the commitment as "significant," but noted
+it was a long time in coming.
+    "We are geared up, tanked up and raring to go," Mulroney
+said. "But I must tell you we were not happy with the pace with
+which the U.S. administration moved to implement the
+president's acceptance of the envoy report."
+    The prime minister urged his mostly American audience to
+help Canada take the fight to Congress, saying his government
+is determined to fight on more than one front.
+    "The campaign does not involve either or choices between the
+administration on one hand and Capitol Hill on the other," he
+said.
+    The Canadian Coalition on Acid Rain hailed Mulroney's call
+to take the battle to Congress.
+    "It is clear that he has an understanding now that Congress
+must be emphasized as equally as the administration," said
+spokesman Michael Perley.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14098" NEWID="8577">
+<DATE>23-MAR-1987 18:31:04.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2654&#31;reute
+r f BC-CLABIR-CORP-&lt;CLG>-4TH   03-23 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLABIR CORP &lt;CLG> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    GREENWICH, Conn., March 23 - 
+    </DATELINE><BODY>Shr profit 26 cts vs loss two cts
+    Net profit 6,194,000 vs loss 170,000
+    Revs 100.0 mln vs 7,854,000
+    Avg shrs 10.7 mln vs 8,787,977
+    Year
+    Shr profit two cts vs loss 17 cts
+    Net profit 7,169,000 vs loss 1,461,000
+    Revs 421.4 mln vs 51.1 mln
+    Avg shrs 9,604,474 vs 8,807,709
+   
+Reuter...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14099" NEWID="8578">
+<DATE>23-MAR-1987 18:31:13.09</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2655&#31;reute
+r f BC-UK-PROFITTED-FROM-AUT   03-23 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. PROFITTED FROM AUTUMN INTERVENTION - LAWSON</TITLE>
+<DATELINE>    LONDON, March 23 - </DATELINE><BODY>Britain has reaped profits by using a
+stronger pound to buy back dollars used by the government last
+autumn to support sterling during a currency crisis, Chancellor
+of the Exchequer Nigel Lawson said.
+    He said in a parliamentary debate, "I can now tell the House
+(of Commons) that the dollars that were sold from the reserves
+in September and October (1986) have subsequently all been
+repurchased - at a profit of some tens of millions of pounds."
+    Hindsight had proved him right to resist market pressures
+then for a two percentage point interest rate rise, he said.
+The increase in base rates was instead limited then to one
+point.
+    During a debate on the 1987/88 British budget which Lawson
+unveiled last week, he said that "during the period of foreign
+exchange market turbulence which followed the somewhat
+inconclusive Group of Five and Group of Seven meetings at the
+end of September, I authorised the Bank of England to intervene
+unusually heavily in order to buy breathing space that would
+enable me to confine the interest rate rise to one pct rather
+than the two pct the market was then pressing for."
+    He said that that one percentage point increase, effected
+in October 1986, had been reversed by this month's two half
+point cuts in banks' base lending rates. They are now at 10
+pct.
+    Treasury figures show that the underlying change in British
+reserves - seen as a guide to possible Bank of England
+intervention on foreign exchange markets - suggest that the
+authorities sold around 1.0 billion dlrs during September and
+October 1986, government sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14100" NEWID="8579">
+<DATE>23-MAR-1987 18:55:02.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2673&#31;reute
+h f BC-BAY-FINANCIAL-CORP-&lt;B   03-23 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAY FINANCIAL CORP &lt;BAY> 3RD QTR FEB 28</TITLE>
+<DATELINE>    BOSTON, March 23 -
+    </DATELINE><BODY>Shr loss 1.34 dlrs vs profit two cts
+    Net loss 4.5 mln vs profit 46,000
+    Revs 7.6 mln vs 8.9 mln
+    Nine months
+    Shr loss 1.41 dlrs vs loss two cts
+    Net loss 4.7 mln vs loss 76,000
+    Revs 30.2 mln vs 23.8 mln
+    NOTE:1986 includes gain on disposition of investments of
+2,454 dlrs in 3rd qtr and 5,306 dlrs in nine months
+respectively. 1987 includes gain on disposition of investments
+of five dlrs in 3nd qtr and 7,052 dlrs in nine months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14101" NEWID="8580">
+<DATE>23-MAR-1987 18:59:16.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2676&#31;reute
+r f BC-CORRECTED---MANHATTAN   03-23 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - MANHATTAN NATIONAL&lt;MLC>4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 23 -
+    </DATELINE><BODY>Oper shr loss 20 cts vs loss 81 cts
+    Oper net loss 1,042,000 vs loss 4,077,000
+    Revs 38.5 mln vs 50.3 mln
+    12 mths
+    Oper shr profit six cts vs loss 43 cts
+    Oper net profit 336,000 vs loss 2,176,000
+    Revs 137.8 mln vs 209.1 mln
+    (Company corrects to show profit rather than a loss for
+current 12 mths oper shr and oper net.)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14102" NEWID="8581">
+<DATE>23-MAR-1987 18:59:57.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2677&#31;reute
+r f BC-AMBRIT-INC-&lt;ABI>-4TH   03-23 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMBRIT INC &lt;ABI> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    CLEARWATER, Fla., March 23 - 
+    </DATELINE><BODY>Shr 28 cts vs nil
+    Net 4,568,000 vs 7,000
+    Revs 37.5 mln vs 7,835,000
+    Year
+    Shr 13 cts vs nil
+    Net 5,011,000 vs 30,000
+    Revs 145.5 mln vs 51.0 mln
+    Note: Current year results includes revs of 87.2 mln dlrs
+from Chocolate Co Inc, which was acquired in March 1986.
+    Note: Shr results after preferred dividend payments of
+954,000 dlrs for current qtr and 3,410,000 dlrs for current
+year.
+    Net includes gains from sale of investment in Sheraton
+Securities International of 5,807,000 dlrs vs 928,000 dlrs for
+qtr and 8,705,000 dlrs vs 928,000 dlrs for year.
+    Net also includes extraordinary loss from early retirement
+of debt of 303,000 dlrs for year-ago 12 mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14103" NEWID="8582">
+<DATE>23-MAR-1987 19:00:18.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2678&#31;reute
+d f BC-COMMUNICATIONS-CORP-O   03-23 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNICATIONS CORP OF AMERICA 2ND QTR DEC 31</TITLE>
+<DATELINE>    DALLAS, March 23 -
+    </DATELINE><BODY>Shr loss 33 cts vs loss 48 cts
+    Net loss 1.7 mln vs loss 2.5 mln
+    Revs 6.3 mln vs 10.2 mln
+    Six months
+    Shr loss 54 cts vs loss 75 cts
+    Net loss 2.8 mln vs loss 3.9 mln
+    Revs 15.2 mln vs 23.4 mln
+       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14104" NEWID="8583">
+<DATE>23-MAR-1987 19:00:27.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2679&#31;reute
+r f BC-CAR-BOMB-EXPLODES-AT   03-23 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAR BOMB EXPLODES AT BRITISH BASE IN W. GERMANY</TITLE>
+<DATELINE>    BONN, March 23 - </DATELINE><BODY>A big car bomb exploded at the
+headquarters of the British Rhine army near Moenchengladbach in
+West Germany tonight, police said.
+    A police spokesman said it was not immediately known if
+anyone was killed in the blast. He said some people had been
+injured but did not know how many.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14105" NEWID="8584">
+<DATE>23-MAR-1987 19:21:00.17</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2693&#31;reute
+f f BC-Dollar-hits-record-lo   03-23 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Dollar hits record low of 149.78 yen - Tokyo dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14106" NEWID="8585">
+<DATE>23-MAR-1987 19:32:46.99</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2694&#31;reute
+u f BC-CBI-SURVEY-POINTS-TO   03-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBI SURVEY POINTS TO SURGE IN U.K. OUTPUT</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>British manufacturers expect output to
+grow rapidly in the four coming months, a Confederation of
+British Industry (CBI) survey shows.
+    The CBI's monthly trends survey for March shows that 43 pct
+of the 1,685 polled U.K. Firms expect to raise output in the
+next four months. Only nine pct expect output to fall while 47
+pct said production would likely remain unchanged.
+    The CBI said the positive balance between firms expecting
+production to rise and those forecasting a fall, at 34 pct, was
+the highest such figure recorded since 1977.
+    In the CBI's February survey, 37 pct of companies expected
+a rise in output while 54 pct forecast production would remain
+at present levels and eight pct expected production to drop.
+    The survey also showed that 23 pct of the polled companies
+consider current order books to be above normal while 58 pct
+view them as normal and only 19 pct regard them as below
+normal.
+    This was the highest positive balance since the question
+was first asked more than 10 years ago, the CBI said.
+    In February, the figures were 24 pct, 22 pct and 54 pct
+respectively.
+    Companies also rated their export possibilities higher. Of
+all polled companies, 23 pct rated their export order books to
+be above normal and 53 pct described them as normal while only
+23 pct believed export orders were below normal levels.
+    In February, 25 pct thought their export books were below
+normal and 50 pct believed them to be about normal. At 23 pct,
+the proportion of companies rating their export books above
+normal was unchanged between February and March.
+    On prices, the survey showed that 62 pct of companies
+expect average prices at which domestic orders are booked will
+remain unchanged in the coming four months, up from 57 pct in
+February.
+    From 38 pct in February, only 31 pct of firms now expect
+prices to rise before July. Six pct forecast prices will fall,
+against four pct a month earlier.
+    Commenting on the survey, CBI economic situation committee
+chairman David Wigglesworth said sterling's more competitive
+level against many European currencies had improved exports.
+    "But interest rates are still much higher than in our
+competitor countries and British manufacturers will still have
+to work hard to win new business both in overseas markets and
+in the substitution of British-made goods for imports here at
+home," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14107" NEWID="8586">
+<DATE>23-MAR-1987 19:36:49.15</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2700&#31;reute
+f f BC-TOKYO---Bank-of-Japan   03-23 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TOKYO - Bank of Japan buys small amount of dollars, dealers said
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14108" NEWID="8587">
+<DATE>23-MAR-1987 19:37:27.24</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2701&#31;reute
+f f BC-Miyazawa-says-time-ha   03-23 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Miyazawa says time has come for major nations to act on exchange rates
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14109" NEWID="8588">
+<DATE>23-MAR-1987 19:44:59.52</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>france</D><D>japan</D><D>usa</D><D>uk</D><D>canada</D><D>west-germany</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2702&#31;reute
+b f BC-MAJOR-NATIONS-MUST-AC   03-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR NATIONS MUST ACT ON CURRENCIES - MIYAZAWA</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said the
+time has come for major industrialised nations to take action
+on exchange rates in line with their agreement last month in
+Paris.
+    In Paris, Britain, Canada, France, Japan, the U.S. And West
+Germany agreed to coooperate to hold currency rates around
+their then current levels.
+    Miyazawa would not say what specific measures major nations
+would take, but told reporters the measures had been discussed
+in Paris. The dollar fell to a record low against the yen this
+morning, piercing the 150 yen barrier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14110" NEWID="8589">
+<DATE>23-MAR-1987 23:17:10.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C
+&#22;&#22;&#1;f2787&#31;reute
+u f BC-BOLIVIAN-MINERS,-GOVE   03-23 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIVIAN MINERS, GOVERNMENT CONTINUE STRIKE TALKS</TITLE>
+<DATELINE>    LA PAZ, March 23 - </DATELINE><BODY>Union leaders of 9,000 miners employed
+by the state corporation Comibol and government representatives
+will resume talks tomorrow in an effort to end a six-day strike
+over pay, a spokesman for the miners said.
+    A labour ministry spokesman said the talks, which began
+today, were suspended when labour minister Alfredo Franco left
+to attend a session of Congress also attended by visiting West
+German President Richard von Weizsaecker.
+    But mining minister Jaime Villalobos told reporters an
+agreement in principle on the rehabilitation of Comibol had
+been reached. He did not elaborate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14111" NEWID="8590">
+<DATE>23-MAR-1987 23:59:54.47</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0000&#31;reute
+f f BC-BANK-OF-JAPAN-RE-ENTE   03-23 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF JAPAN RE-ENTERS MARKET AND STEPS UP DOLLAR BUYING, DEALERS SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14112" NEWID="8591">
+<DATE>24-MAR-1987 00:15:26.95</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0004&#31;reute
+b f BC-BANK-OF-JAPAN-STEPS-U   03-24 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN STEPS UP DOLLAR BUYING</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>The Bank of Japan stepped up its dollar
+buying as it re-entered the market after the midday Tokyo lunch
+break, dealers said.
+    They said the bank seemed more determined to support the
+dollar than it did this morning.
+    Several dealers said the central bank intervened this
+afternoon when the dollar stood around 149 yen.
+    One said it purchased 150 to 200 mln dlrs in the half-hour
+since the market re-opened after its lunchtime closure. Another
+said the bank still has buying orders in the market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14113" NEWID="8592">
+<DATE>24-MAR-1987 00:24:44.75</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0010&#31;reute
+u f BC-YEUTTER-SEES-GATT-CON   03-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER SEES GATT CONSENSUS ON FARM TRADE REFORM</TITLE>
+<AUTHOR>    By Graham Hillier, Reuters</AUTHOR>
+<DATELINE>    TAUPO, New Zealand, March 24 - </DATELINE><BODY>U.S. Trade Representative
+Clayton Yeutter said trade ministers meeting here have reached
+a general consensus on agricultural trade reform under the
+latest Uruguay round of the General Agreement on Tariffs and
+Trade (GATT).
+    Yeutter gave no precise details of the understanding but
+told journalists the consensus covers the principles involved
+in agricultural trade reform and what needs to be done to
+improve the global situation in agriculture.
+    Delegates from 22 countries are meeting informally to
+discuss progress made since the latest GATT round was launched
+in Punta del Este, Uruguay, last September.
+    Yeutter said "at least people seem to be going down the same
+road...But how that translates ultimately into negotiations is
+another matter entirely."
+    There seems to be an understanding of the need to deal with
+the problem quickly and "a more common understanding of how we
+are going to get from here to there," Yeutter said.
+    However, the hard work is still to come, with a couple of
+years of tough negotiations ahead, he said.
+    "It is ludicrous for the nations of the world to plough
+immense amounts of financial resources into the production of
+items that nobody wants to buy," he said.
+    He said the long-term answer is to switch some of the
+financial resources now committed to agriculture to other more
+productive areas. This would help agriculture because some its
+inefficient non-productive segments would stop operating, he
+said.
+    Individual segments in many countries may lose in the
+process, but it should result in a more rational system of
+world-wide production within 10 or 15 years, he said.
+    It is important that the agriculture negotiations reach a
+relatively early conclusion because the U.S. Is spending 26
+billion dlrs a year and the European Community probably more
+than that, which is an ineffective use of financial resources,
+he said.
+    Asked about the prospect of a priority for agriculture in
+the negotiations, he said "one has to be politically
+realistic... If there is any chance of getting it (agricultural
+trade reform) done in two to three years it's going to have to
+be as part of a larger package."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14114" NEWID="8593">
+<DATE>24-MAR-1987 00:42:43.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0022&#31;reute
+u f BC-HAIG-SAYS-HE-PLANS-TO   03-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAIG SAYS HE PLANS TO RUN FOR U.S. PRESIDENT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Former U.S. Secretary of State
+Alexander Haig has announced his intention to run for
+president.
+    Haig, a former general and NATO chief who served seven
+presidents but never held elected office, said he will formally
+announce his bid to run for the Republican presidential
+nomination at a news conference later today.
+    Haig's aides say he starts far back in the field of
+Republican hopefuls, which is currently dominated by
+Vice-President George Bush and Senate Minority Leader Robert
+Dole, neither of whom have yet declared their intentions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14115" NEWID="8594">
+<DATE>24-MAR-1987 00:56:08.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bolivia</D><D>west-germany</D></PLACES>
+<PEOPLE><D>von-weizsaecker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0027&#31;reute
+u f BC-WEST-GERMANY-SHARPLY   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMANY SHARPLY BOOSTS AID TO BOLIVIA</TITLE>
+<DATELINE>    LA PAZ, March 24 - </DATELINE><BODY>West German aid to Bolivia will rise to
+91 mln marks in 1987 from 50 mln in 1986, West German President
+Richard Von Weizsaecker said.
+    Weizsaecker, speaking to the Bolivian Congress yesterday,
+said of Latin America's 380 billion dlr foreign debt, "Debtor
+countries and creditors must cooperate with the banks and
+international financial organizations to find long-term
+solutions." Bolivia's debts total 4.4 billion dlrs.
+    "We wish to reach a reasonable agreement with Bolivia so
+that the country can experience a significant financial
+respite," Weizsaecker said.
+    The two countries earlier signed two technical and
+financial cooperation treaties. West German officials said aid
+last year included 35 mln marks in financial cooperation.
+    Bolivian Foreign Minister Guillermo Bedregal told reporters
+West Germany would provide 300 mln marks to help fight
+Bolivia's cocaine trade.
+    The illegal trade in cocaine is West Germany's most
+worrisome drug problem, West German officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14116" NEWID="8595">
+<DATE>24-MAR-1987 01:02:07.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-SWIRE-SEEN-REPORTING   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWIRE SEEN REPORTING 20 PCT RISE IN 1986 PROFIT</TITLE>
+<AUTHOR>    By Allan Ng, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, March 24 - </DATELINE><BODY>Swire Pacific Ltd &lt;SWPC.HKG> is
+likely to show a more than 20 pct rise in 1986 operating
+profits when it reports results tomorrow, reflecting gains in
+its aviation and property businesses, share analysts said.
+    Analysts polled by Reuters estimated after-tax profits from
+operations will be between 1.525 billion and 1.8 billion dlrs
+compared with 1.23 billion in 1985.
+    They also said Swire will have an extraordinary gain of
+about 1.38 billion dlrs from the flotation of its Cathay
+Pacific Airways Ltd &lt;CAPH.HKG> unit last May.
+    Swire had an extraordinary gain of 59.1 mln dlrs in 1985.
+    Share analysts said Swire will set a 36 cent final dividend
+for its "A" shares, making a total of 54 cents, after 47 cents
+adjusted for a two-for-one bonus issue in 1985.
+    Aviation and properties together account for 75 pct of the
+company's net asset value and about 85 pct of its net profits,
+analysts said.
+    The company's aviation division consists of its majority
+stake in Cathay Pacific Airways Ltd and its 25 pct interest in
+&lt;Hongkong Aircraft Engineering Co Ltd>, which is also 25 pct
+owned by Cathay.
+    Cathay last week reported 1986 profits climbed to 1.23
+billion dlrs from 777 mln in 1985, partly because of lower fuel
+costs and greater traffic.
+    Swire's share of Cathay, which stood at 70 pct before the
+flotation, fell to 54.25 pct at the end of last year and has
+since slipped to 50.23 pct.
+    Hongkong Aircraft reported this month its 1986 net profits
+rose 29.5 pct to 115.5 mln dlrs.
+    Tony Measor, an analyst at Hong Leong Securities Ltd,
+estimates Swire's profits will be 1.525 billion dlrs.
+    "Much depends on properties," said Measor. "And they did a lot
+better in the second half of the year."
+    Estimates of profits from the firm's wholly owned Swire
+Properties Ltd unit range widely from 500 mln dlrs to 700 mln
+compared with 570 mln dlrs in 1985.
+    Swire Properties recorded an interim profit of 120 mln dlrs
+for the first half of 1986, well below 260 mln dlrs for the
+same 1985 period, but analysts said that was due mainly to the
+low level of completion of new residential flats. The firm's
+properties consist mainly of the Taikoo Shing residential
+development and two luxury housing projects.
+    Hoare Govett Asia Ltd said the completion of 1,100 flats in
+Taikoo Shing will have yielded profits of 300 mln dlrs in
+second-half 1986.
+    During the year property prices continued to rise as more
+people bought real estate, benefiting from low interest rates,
+analysts said.
+    "At the end of last year, flats in Taikoo Shing were selling
+at 1,100 dlrs per square foot, up by about 20 pct from a year
+ago," said Frederick Tsang of Mansion House Securities (F.E.)
+Ltd.
+    Swire is developing a large commercial and hotel complex in
+the central business district of Hong Kong but it will not
+provide income until the first stage is completed next year.
+    The company also sold three properties and a part interest
+in a proposed hotel development, which should result in
+extraordinary gains of 60 mln dlrs in 1986, according to James
+Capel (Far East) Ltd.
+    Swire's trading and manufacturing operations are expected
+to earn 300 mln dlrs, up 22 pct from 1985 but its shipping and
+offshore services are likely to post a small loss of about 10
+mln dlrs because of depressed market conditions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14117" NEWID="8596">
+<DATE>24-MAR-1987 01:11:51.92</DATE>
+<TOPICS><D>trade</D><D>veg-oil</D><D>coconut-oil</D></TOPICS>
+<PLACES><D>new-zealand</D><D>philippines</D></PLACES>
+<PEOPLE><D>concepcion</D></PEOPLE>
+<ORGS><D>gatt</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0039&#31;reute
+u f BC-(CORRECTED)---PHILIPP   03-24 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED) - PHILIPPINES CRITICISES EC FOR OIL LEVY</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 23 - </DATELINE><BODY>Philippines Trade and
+Industry Secretary Jose Concepcion told world trade ministers
+he wondered if their agreement was of any real value after the
+European Community (EC) proposed a levy on vegetable oils.
+    Concepcion, speaking at an informal meeting of the General
+Agreement on Tariffs and Trade (GATT) here, said ministers
+declared in Uruguay last September that the trade of
+less-developed nations should not be disrupted.
+    He said the EC not only ignored Manila's request for lower
+tariffs on coconut oil but proposed a levy on vegetable oils
+and fats that are vital exports for Southeast Asian countries.
+    Concepcion said while the levy might be rejected by the EC
+Council of Ministers, he noted that "I cannot help but wonder
+whether the agreements we produce in meetings like this are of
+any real value."
+    He also said industrialised nations saved about 65 billion
+U.S. Dlrs in 1985 through low commodity prices, but this had
+affected the ability of developing nations to import goods and
+services.
+    "The health and the growth of world trade requires that the
+new development of developing countries losing their share of
+world trade be arrested and reversed," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14118" NEWID="8597">
+<DATE>24-MAR-1987 01:17:03.97</DATE>
+<TOPICS><D>reserves</D><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0042&#31;reute
+u f BC-TAIWAN-COMPLAINS-ABOU   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN COMPLAINS ABOUT SIZE OF RESERVES</TITLE>
+<AUTHOR>    By Chen Chien-kuo, Reuters</AUTHOR>
+<DATELINE>    TAIPEI, March 24 - </DATELINE><BODY>Taiwan's foreign exchange reserves,
+swollen by strong trade surpluses to a record 53 billion U.S.
+Dlrs, are becoming a problem, government officials said.
+    Official figures show the latest level compares with the
+previous record of 51 billion dlrs on March 4 and about 26
+billion in late March 1986.
+    Central bank Governor Chang Chi-cheng told reporters the
+increase in reserves was the result of heavy intervention by
+the bank on the local interbank market. It bought nearly two
+billion U.S. Dlrs between March 5 and 23, he said.
+    Wang Chao-ming, vice chairman of the government's Council
+for Economic Planning and Development, told Reuters the rising
+reserves were "a big headache for Taiwan."
+    He said the government expects heavier pressure from the
+U.S., Where protectionist bills are being proposed against
+nations such as Taiwan and Japan with large trade surpluses
+with the U.S.
+    Wang said the government would launch new measures within
+the next two months to further reduce import tariffs and open
+the market wider to foreign products, especially those from the
+U.S.
+    Wang said the measures aim at helping reduce Taiwan's trade
+surplus, which rose to 2.73 billion U.S. Dlrs in the first two
+months of 1987 from 2.02 billion a year earlier. Nearly 90 pct
+of the surplus was with the U.S.
+    Vice Economic Minister Wang Chien-shien agreed with Wang's
+remarks and said efforts to avert U.S. Protectionism were
+running out of time. "We must do it quickly or face retaliation
+from Washington," he said.
+    He said the measures would include removal of trade
+barriers on insurance and inland services for U.S. Companies.
+    Chang Chi-cheng said the central bank could not stop buying
+U.S. Dollars because of heavy sales by local exporters who fear
+the strong local dollar will cause them exchange losses.
+    He said the bank is studying revision of the foreign
+exchange rules in hope of further reducing currency controls,
+but declined to give details.
+    The Taiwan dollar has risen about 15 pct against the U.S.
+Dollar since September 1985. It opened at 34.38 to the U.S.
+Dollar today and is expected to rise further to 33 in June and
+to 32 by end-year, some foreign bankers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14119" NEWID="8598">
+<DATE>24-MAR-1987 01:30:28.95</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0047&#31;reute
+u f BC-AUSTRALIAN-MINISTER-S   03-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN MINISTER SEES TARGETED OIL TAX STRATEGY</TITLE>
+<DATELINE>    SURFERS PARADISE, Australia, March 24 - </DATELINE><BODY>Australia's crude
+oil tax strategy is probably best tackled in terms of a
+targeted rather than broadly-based approach, Federal Resources
+and Energy Minister Gareth Evans told a meeting here.
+    He told the Australian Petroleum Exploration Association
+(APEA) annual conference there was a prospect of developing a
+package that would recognise the government's economic
+priorities while also meeting some of the industry's concerns.
+    Evans was referring to a nearly completed government review
+of oil taxation.
+    Evans said there were plenty of examples where targeted
+approaches to oil industry taxation had produced good results
+in recent years.
+    These include the reduction in the top marginal crude
+excise rate on 'old' Bass Strait oil found before September
+1975 to 80 pct from 87 pct, and the waiver of excise on onshore
+oil announced last September, he said.
+    The industry, through the APEA, has been calling for the
+elimination of secondary taxation on oil in order to boost
+incentives for prospecting against a background of weak prices
+and Australia's relatively low exploration levels.
+    "While nobody wants to add further unnecessary complexity to
+an already complex taxation regime, I am inclined to favour
+these kinds of tailored approaches ahead of sweeping changes,
+which leave (government) revenue much reduced and may still
+leave a lot of uncertainty as to what individual companies are
+going to do in major areas," Evans said.
+    He said the government did not intend to change its
+resource rent taxation (RRT) legislation, now before
+parliament, in response to industry calls to allow all
+exploration expenditure in a given area to be deductible.
+    As previously reported, RRT is a tax of 40 pct limited to
+highly prospective offshore areas, based on profits after a
+certain rate of return has been achieved for individual
+projects.
+    APEA has said it is not a true profit-based tax because
+exploration deductibility is limited to successful projects.
+    Evans said the decision not to change RRT was based more
+than anything on the government's desire to ensure the
+certainty and stability of the new regime, adding that major
+investments have already been planned on the existing ground
+rules.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14120" NEWID="8599">
+<DATE>24-MAR-1987 01:42:03.41</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>new-zealand</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0056&#31;reute
+u f BC-GATT-ROUND-MAY-STOP-G   03-24 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT ROUND MAY STOP GROWING TRADE PROBLEMS - U.S.</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 24 - </DATELINE><BODY>A successful new GATT
+(General Agreement on Tariffs and Trade) round is needed to
+halt growing bilateral trade problems between major trading
+partners, U.S. Trade Representative Clayton Yeutter said.
+    Yeutter, in New Zealand for informal GATT ministerial
+talks, told Reuters bilateral trade disputes are increasing
+because the multilateral system is inefficient.
+    "That is really a strong rationale why we need a new GATT
+round," he said. "The very existence of all these bilateral
+irritants clearly emphasises the need to develop multilateral
+solutions to some of these problems."
+    The eighth GATT round of negotiations was launched at Punta
+del Este in Uruguay in September 1986. Agriculture and services
+were included in the negotiations for the first time.
+    The growing debt burden of Latin American and African
+nations will also provide impetus for the GATT round to
+succeed, he said.
+    "Clearly those countries need to develop their export
+endeavours and they need open markets for that to happen and
+that's the basic objective of the new GATT round," he said.
+    But he said the GATT round is a long term endeavour. It
+will not give any short term relief for debt ridden countries,
+but it will make a difference in 10 to 15 years.
+    "It's a worthwhile activity from their standpoint because
+these debts are not going to go away in the next year or two,"
+he said.
+    "They ought to be very strongly supported in the GATT round
+as a mechanism for relieving their debt burdens or making
+possible debt amortisation in the future," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14121" NEWID="8600">
+<DATE>24-MAR-1987 01:46:56.92</DATE>
+<TOPICS><D>earn</D><D>crude</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0059&#31;reute
+u f BC-SHELL-AUSTRALIA-REPOR   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL AUSTRALIA REPORTS 45.79 MLN DLR 1986 PROFIT</TITLE>
+<DATELINE>    MELBOURNE, March 24 - </DATELINE><BODY>Royal Dutch/Shell Group &lt;RD.AMS> unit
+&lt;Shell Australia Ltd>, said its net profit fell to 45.79 mln
+dlrs in 1986 from 66.76 mln in 1985.
+    Revenue fell to 4.55 billion dlrs from 4.91 billion, in an
+extremely competitive and over-regulated environment, chairman
+and chief executive Kevan Gosper said in a statement. A 26.25
+mln dlr annual dividend would be paid to the parent after a
+very disappointing year.
+    "A return of 2.2 pct on funds employed represents a very
+meagre return ... In an economy suffering from inflation of
+around 10 pct," he said.
+    Gosper said the results reflected heavy reliance on
+downstream oil and chemicals, poor coal and metal returns and
+the financial burden of the North-West Shelf gas project.
+    Duties, royalties and taxes rose to 1.37 billion dlrs
+against 852.72 mln in 1985 and Gosper urged the government to
+move quickly to lift costly and unnecessary regulation.
+    "It is just as important for Australia to maintain a
+financially healthy, technically advanced refining and
+marketing industry as it is to sustain oil exploration and
+production," he said.
+    "The Australian oil industry has the experience and the
+capacity to serve the nation and its shareholders well if the
+government would stop putting roadblocks in our way," he said.
+    Shell invested 500 mln dlrs over the past five years to
+upgrade its oil refining and marketing business, but further
+investment required an appropriate rate of return, he said.
+    Exploration and evaluation spending in 1986 fell to 18.77
+mln dlrs from 26.35 mln, while investment in property and plant
+rose to 374.25 mln from 353.94 mln a year earlier.
+    Gosper said oil companies would be under intense pressure
+in 1987 because of forecast slow economic growth.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14122" NEWID="8601">
+<DATE>24-MAR-1987 01:53:38.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0063&#31;reute
+u f BC-SUPERCONDUCTOR-RESEAR   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERCONDUCTOR RESEARCH MAY BOOST TOKYO STOCKS</TITLE>
+<AUTHOR>    By James Kynge, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Research into materials that conduct
+electricity with minimal resistance could lead to further gains
+on Tokyo's booming stock market, brokers said.
+    They said the share prices of companies likely to benefit
+from the so-called 'superconductors' rose sharply last week
+after publication of articles about the research in the
+economic daily Nihon Keizai Shimbun. The companies were in the
+non-ferrous metal, electrical and mining sectors.
+    But industry analysts said development problems remain and
+commercial application is still some years away.
+    "The area clearly has significant applications but it won't
+be commercially viable for a few years," said Thomas Murtha,
+technology analyst with James Capel and Co.
+    Industry analysts said the use of superconductors could
+bring sharp cuts in electricity costs if present problems can
+be overcome.
+    Nikko Securities Co Ltd analyst Shinichi Nakayama said
+superconductors could have applications in computer circuitry,
+electricity generation and storage, and scientific research.
+    The superconductors are made of a blend of metals fused in
+a heat-firing process similar to that used in ceramics.
+    Nakayama said Kawasaki Steel Corp &lt;KAWS.T> predicted in an
+in-house study that by 1990 the worldwide market would be worth
+150 billion yen for superconductors used in computers, 50
+billion for those used in electricity generators and 150
+billion for those used in electricity storage.
+    The study said that by 1995 there would be trains capable
+of 500 km an hour, hovering on a magnetic field and powered
+mainly by superconductors. One hundred billion yen worth of
+superconducting material would be needed for such a train.
+    The Kawasaki study also said superconductors would be used
+in nuclear fusion physics, but not until the year 2000.
+    Industry analysts said superconductors have no commercial
+applications at present. In laboratory tests the conductor must
+be cooled by expensive liquid helium or hydrogen before minimum
+electrical resistance is achieved, though liquid nitrogen,
+which is much less expensive, has recently also been used
+successfully, they said.
+    Despite this, investors on Tokyo's stock market have
+boosted shares of firms related to superconducting materials.
+    From the close of trading on March 17 until yesterday's
+close, Mitsubishi Mining and Cement Co Ltd's &lt;MIMI.T> share
+price rose 140 yen to 485 yen.
+    In the same period Mitsubishi Metal Corp &lt;MITM.T>, rose 95
+to 745 yen, Sumitomo Metal Mining Co Ltd &lt;TOMM.T> rose 200 to
+1440 yen, and Kawasaki Steel rose 15 to 260.
+    Furukawa Electric Co Ltd shares &lt;URUT.T> jumped 104 yen to
+689 yen, and Fuji Electric Co Ltd &lt;FUJE.T> rose 141 to 619.
+    Brokers said shares of suppliers of scientific instruments
+needed to conduct the superconductor research also rose.
+    Industry analysts said the most favoured superconductor,
+made from a blend of yttrium, barium and copper, is currently
+undergoing laboratory tests under a scheme coordinated by the
+Ministry of International Trade and Industry (MITI).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14123" NEWID="8602">
+<DATE>24-MAR-1987 02:28:25.81</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D><D>tamura</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0090&#31;reute
+u f BC-NAKASONE-INTERVENES-I   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE INTERVENES IN MICROCHIP DISPUTE WITH U.S.</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone
+intervened to try to resolve Japan's escalating dispute with
+the U.S. Over semiconductor trade, government officials said.
+    At today's Cabinet meeting, Nakasone told Trade and
+Industry Minister Hajime Tamura to redouble his efforts to calm
+U.S. Anger over what it sees as Japan's unfair trade practices
+in semiconductors.
+    Nakasone intervened only two days before a scheduled
+meeting of the Reagan administration's Economic Policy Council
+to consider whether Japan is reneging on its microchip pact
+with the U.S.
+    That pact, agreed last year after months of negotiations,
+calls on Japan to stop selling cut-price chips in world markets
+and to raise its imports of U.S. Semiconductors.
+    Senior U.S. Officials have accused Tokyo of failing to live
+up to the accord and have threatened retaliatory action.
+    Yesterday, Tamura's Ministry of International Trade and
+Industry (MITI) launched a last-ditch attempt to salvage the
+pact by writing letters to U.S. Policy makers setting out
+Japan's case and telling Japanese chip makers to cut output.
+    In his letter, the contents of which were released today,
+Tamura said a MITI survey carried out at the beginning of March
+showed Japanese producers were not selling at cut-rate prices
+in Asian markets.
+    In a separate letter sent to senior U.S. Officials, MITI
+vice minister for international affairs Makoto Kuroda suggested
+the two countries could conduct a joint investigation into
+allegations of Japanese chip dumping in such markets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14124" NEWID="8603">
+<DATE>24-MAR-1987 02:41:14.94</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C T
+&#22;&#22;&#1;f0100&#31;reute
+u f BC-NORTHEAST,-EASTERN-TH   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHEAST, EASTERN THAILAND FACE SEVERE DROUGHT</TITLE>
+<DATELINE>    BANGKOK, March 24 - </DATELINE><BODY>Thirteen provinces, mainly in northeast
+and eastern Thailand, have been suffering a worse than average
+drought since mid-February and the dry spell is expected to
+last until early May, Deputy Interior Minister Santi
+Chaiviratana said.
+    Santi told reporters the government is launching a drought
+relief operation mainly involving the use of water trucks to
+send water to affected farming areas.
+    He did not say what crops have been damaged in northeast
+Thailand but said large durian orchards in eastern Chanthaburi
+province have suffered heavy losses.
+    The Minister said the affected areas include eight
+provinces in the northeast, two in eastern Thailand and three
+rubber growing provinces in the south near the Malaysian
+border.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14125" NEWID="8604">
+<DATE>24-MAR-1987 02:46:14.18</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D><D>australia</D><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0103&#31;reute
+u f BC-U.K.,-AUSTRALIA-OFFER   03-24 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K., AUSTRALIA OFFER WHEAT TO BANGLADESH</TITLE>
+<DATELINE>    DHAKA, March 24 - </DATELINE><BODY>Britain and Australia have offered a
+total of 129,250 tonnes of wheat to Bangladesh as grants to
+contain rising cereal prices and help support rural employment
+projects, officials said.
+    They said 79,250 tonnes of wheat promised by Britain would
+be shipped next week and used for the government's "Food for
+Work" program in the villages.
+    Under the program, workers building roads, digging
+irrigation canals and engaged in other rural development
+activities get their daily wages in wheat instead of money.
+    The 50,000 tonnes of Australian wheat would arrive in
+Bangladesh next month and be sold under open-market operations
+designed to stop price increases, the officials said.
+    Prices of rice and wheat have risen at least 15 pct in the
+past month, market sources said. But the government expects
+prices to fall after the wheat harvest next month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14126" NEWID="8605">
+<DATE>24-MAR-1987 02:52:46.06</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0109&#31;reute
+f f BC-Sumita-says-Bank-of-J   03-24 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Sumita says Bank of Japan will intervene if necessary
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14127" NEWID="8606">
+<DATE>24-MAR-1987 03:16:30.93</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0131&#31;reute
+u f BC-WORLD-BANK-CHIEF-PLED   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK CHIEF PLEDGES SUPPORT TO INDONESIA</TITLE>
+<DATELINE>    JAKARTA, March 24 - </DATELINE><BODY>World Bank president Barber Conable
+pledged the Bank's support to help Indonesia adjust to lower
+world oil prices, but said further deregulation of its
+protected economy was needed.
+    Speaking to reporters after talks with President Suharto,
+he said he expected Jakarta to do more to liberalise the
+economy and deregulate trade policy.
+    Indonesia, hurt by the fall in oil prices last year which
+cut the value of its crude exports in half, is the Third
+World's sixth largest debtor. It has received 10.7 billion dlrs
+from the World Bank in the past 20 years.
+    Conable said the World Bank, which granted Indonesia a 300
+mln dlr loan last month to help its balance of payments, was
+prepared to back Jakarta in taking the right steps to adjust to
+lower oil and primary commodity prices.
+    "We are prepared to support those steps which we believe are
+consistent with the development of the Indonesian economy," he
+said.
+    He said Jakarta's willingness to move quickly after last
+year's collapse in oil price saved Indonesia from some of the
+difficulties now faced by other countries.
+    Indonesia devalued its currency by 31 pct against the
+dollar in September to avoid a balance of payments crisis, and
+has announced a series of measures since May intended to
+stimulate exports, encourage foreign investment and revitalise
+the economy.
+    However, key monopolies in areas like steel and plastics
+and high tariff barriers remain in place.
+    Conable arrived in Indonesia on Saturday and has since met
+14 Indonesian cabinet ministers to review the country's
+borrowing needs and the impact of falling oil prices on the
+country.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14128" NEWID="8607">
+<DATE>24-MAR-1987 03:21:02.05</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0138&#31;reute
+b f BC-SUMITA-SAYS-BANK-WILL   03-24 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITA SAYS BANK WILL INTERVENE IF NECESSARY</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Bank of Japan Governor Satoshi Sumita
+said in a statement the central bank will intervene in foreign
+exchange markets to stabilise exchange rates if necessary in
+close cooperation with other major industrial nations.
+    Sumita said the Bank will take adequate measures including
+market intervention, if necessary, in line with the February 22
+Paris agreement by six major industrial nations.
+    Canada, Britain, France, Japan, the U.S. And West Germany
+agreed to cooperate in stabilising exchange rates around
+current levels. Sumita's statement was issued after the dollar
+slipped below 150 yen to hit a record low of 148.40.
+    "It is inevitable that exchange rates fluctuate under the
+system of floating rates," Sumita said.
+    The fact the dollar plunged below 150 yen does not mean
+anything significant under the floating system, he said.
+    The six nations agreed in Paris exchange rates prevailing
+then were broadly consistent with underlying economic
+fundamentals and further substantial rate shifts could damage
+growth and adjustment prospects in their countries, the Paris
+statement said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14129" NEWID="8608">
+<DATE>24-MAR-1987 03:21:22.24</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>new-zealand</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0140&#31;reute
+u f BC-YEUTTER-SAYS-U.S.-JAP   03-24 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER SAYS U.S.-JAPAN TRADE DIFFICULTIES REMAIN</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 24 - </DATELINE><BODY>U.S. Trade Representative
+Clayton Yeutter said he was unsure whether some of the trade
+issues straining U.S.-Japanese relations would be resolved
+before the two countries open trade talks in late April.
+    "We are having high level discussions on them (the issues)
+within the United States...The relationship on some of those is
+very strained between us (Japan) at the moment and we need to
+relieve those strains at the earliest possible date," he said.
+    "I am not sure we can wait until late April," he added.
+    Yeutter is in New Zealand for a two-day informal meeting of
+trade ministers who are reviewing the Uruguay round of the
+General Agreement on Trade and Tariffs (GATT).
+    He said he will meet the Japanese delegation over the next
+few days but declined to discuss methods of relieving the
+strain between the two countries.
+    Yeutter said earlier the three most contentious trade
+issues were semiconductors, Japanese government unwillingness
+to allow public entities to buy U.S. Super-computers and the
+barring of U.S. Firms from the eight billion U.S. Dlr Kansai
+airport project near Osaka.
+    The Japanese delegation to the GATT talks said in a
+statement yesterday they are making major efforts to dismantle
+trade barriers in their country.
+    "I am convinced that they are attempting to move their
+policies in the right direction. The question is how far and
+how fast," Yeutter said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14130" NEWID="8609">
+<DATE>24-MAR-1987 03:23:06.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0144&#31;reute
+f f BC-P-AND-O-1986-PRETAX-P   03-24 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>P AND O 1986 PRETAX PROFIT 174.1 MLN STG VS 125.6 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14131" NEWID="8610">
+<DATE>24-MAR-1987 03:29:39.18</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0152&#31;reute
+b f BC-KUWAIT-SAYS-OPEC-2.4   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT SAYS OPEC 2.4 MLN BPD BELOW CEILING</TITLE>
+<DATELINE>    KUWAIT, March 24 - </DATELINE><BODY>Kuwaiti oil minister Sheikh Ali
+al-Khalifa al-Sabah said OPEC was producing well below its oil
+output ceiling and this would help prices move higher,
+according to a Kuwaiti newspaper interview.
+    The al-Rai al-Aam newspaper quoted him as saying OPEC was
+pumping 2.4 mln barrels per day (bpd) less than its 15.8 mln
+bpd ceiling, while consumers were drawing down their petroleum
+stocks at a rate of 4.5 mln bpd.
+    As long as OPEC maintains its output curbs, demand for its
+oil will rise in April and May, Sheikh Ali said, adding that
+Kuwait was strongly committed to its OPEC quota.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14132" NEWID="8611">
+<DATE>24-MAR-1987 03:29:44.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0153&#31;reute
+b f BC-PENINSULAR-AND-ORIENT   03-24 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENINSULAR AND ORIENTAL 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 24 -
+    </DATELINE><BODY>Earnings per one stg of deferred stock 41.7p vs 34.9
+    Div 11.5p making 19.0 vs 16.0
+    Turnover 1.95 billion stg vs 1.63 billion
+    Pretax profit 174.1 mln vs 125.6 mln
+    Tax 49.4 mln vs 34.9 mln
+    NOTE - Company's full name is Peninsular and Oriental Steam
+Navigation Co Plc &lt;PORL.L>
+    Net operating costs 1.77 billion stg vs 1.51 billion
+    Share of profits of associates 21.1 mln vs 37.9 mln
+    Operating profit 206.3 mln vs 154.2 mln
+    Investment income 1.7 mln vs 3.6 mln
+    Net interest payable 29.5 mln vs 29.2 mln
+    Employee profit sharing 4.4 mln vs 3.0 mln
+    Minority interests 2.5 mln debit vs 2.4 mln debit
+    Extraordinary items 29.8 mln credit vs 0.1 mln credit
+    Group operating profit includes -
+    Service industries 40.7 mln vs 34.4 mln
+    Passenger shipping 19.5 mln vs 13.1 mln
+    Housebuilding, construction/development 50.1 mln vs 30.0
+mln
+    Container and bulk shipping 43.8 mln vs 34.4 mln
+    P and O Australia 6.6 mln vs 9.4 mln
+    Banking nil vs 7.7 mln
+    Investment property income 45.6 mln vs 25.2 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14133" NEWID="8612">
+<DATE>24-MAR-1987 03:30:00.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0154&#31;reute
+f f BC-Woolworth-Holdings-pr   03-24 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Woolworth Holdings pretax profit 115.3 mln stg vs 81.3 mln, year to end-January
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14134" NEWID="8613">
+<DATE>24-MAR-1987 03:30:37.51</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0155&#31;reute
+u f BC-CHINA-SAYS-POSSIBLE-G   03-24 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA SAYS POSSIBLE GOOD HARVEST DESPITE DROUGHT</TITLE>
+<DATELINE>    PEKING, March 24 - </DATELINE><BODY>China's summer grain harvest may be good
+despite a serious drought because the State Council (cabinet)
+has spent one billion yuan on irrigation and other anti-drought
+work, a Hong Kong newspaper said.
+    Wen Hui Bao said the drought, which has affected Shanxi,
+Hebei, Henan and Shandong the most, has eased with March rains
+in south China and March snowfall in the north and as some new
+irrigation projects have come into use.
+    "If the drought does not worsen, there is hope for a bumper
+harvest," it quoted experts of the Ministry of Electric Power as
+saying. They gave no figures.
+    The 1986 summer grain harvest was a record 93 mln tonnes,
+up from 92 mln in 1985, out of a total 1986 grain harvest of
+391 mln. The 1987 target is 405 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14135" NEWID="8614">
+<DATE>24-MAR-1987 03:34:07.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0163&#31;reute
+b f BC-WOOLWORTH-HOLDINGS-PL   03-24 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOOLWORTH HOLDINGS PLC &lt;WLUK.L> YR TO END-JANUARY</TITLE>
+<DATELINE>    LONDON, March 24 -
+    </DATELINE><BODY>Shr 47.1p vs 37.7
+    Shr fully diluted 42.2p vs 33.6
+    Div 11p vs 7 making 16 vs 10
+    Turnover 1.83 billion stg vs 1.76 billion
+    Pretax profit 115.3 mln vs 81.3 mln
+    Tax 30.5 mln vs 16.2 mln
+    Retail profit -
+    B and Q 45.5 mln vs 33.1 mln
+    Comet 17.4 mln vs 11.9 mln
+    Woolworth 38.7 mln vs 17.6 mln
+    Other 4.6 mln loss vs 600,000 loss
+    Property income 49.4 mln vs 48.0 mln
+    Net interest payable 31.1 mln vs 28.7 mln
+    Extraordinary debit 16.0 mln vs 29.1 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14136" NEWID="8615">
+<DATE>24-MAR-1987 03:46:37.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0182&#31;reute
+u f BC-TMOC-TELLS-SHAREHOLDE   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TMOC TELLS SHAREHOLDERS NOT TO ACCEPT SANTOS BID</TITLE>
+<DATELINE>    BRISBANE, March 24 - </DATELINE><BODY>&lt;TMOC Resources Ltd> told shareholders
+not to accept Santos Ltd's &lt;STOS.S> 4.00 dlr a share takeover
+bid pending advice from Macquarie Hill Samuel Corporate
+Services, its corporate advisor.
+    It said in a statement the Santos bid was below the
+underlying value of the shares as assessed by Macquarie Hill
+Samuel at between 4.08 dlrs and 4.72.
+    TMOC, formerly the Moonie Oil Co Ltd, said the valuation
+was made in response to an earlier and still current bid of
+2.55 dlrs a share by &lt;Elders Resources Ltd>. Elders Resources
+holds 19.9 pct of TMOC's 62 mln shares.
+    TMOC said it did not know Elders Resources' response to the
+bid or that of its other major shareholder the &lt;Australian Gas
+Light Co>. The latter has a 10.5 pct stake in TMOC.
+    &lt;Avalon Corp> of the U.S. Has a 17 pct stake in TMOC
+through an option agreement.
+    Santos, which is 15 pct owned by Elders Resources,
+yesterday said its bid valued TMOC at 248.5 mln dlrs.
+    TMOC said today this was not a premium over the share price
+before the bid and that TMOC had traded at up to 4.06 dlrs a
+share in the last two weeks.
+    TMOC said in the statement that the bid was unsolicited and
+that Santos had only a 3.07 pct stake despite paying up to four
+dlrs a share on-market.
+    TMOC has oil and gas interests and pipelines which
+complement the operations of Santos, the major Cooper Basin oil
+and gas producer.
+    TMOC shares today closed five cents up at 4.15 dlrs on
+turnover of 182,000 shares while Santos, due to release its
+profit result today, rose eight cents to 4.50 dlrs on volume of
+245,000 shares.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14137" NEWID="8616">
+<DATE>24-MAR-1987 04:07:14.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0203&#31;reute
+f f BC-SANTOS-LTD-&lt;STOS.S>-Y   03-24 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SANTOS LTD &lt;STOS.S> YEAR END DEC 31 NET PROFIT 88.67 DLRS VS 144.04 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14138" NEWID="8617">
+<DATE>24-MAR-1987 04:11:06.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0209&#31;reute
+f f BC-WILLIAMS-HOLDINGS-SAY   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WILLIAMS HOLDINGS SAYS IT BIDDING 542.2 MLN STG FOR NORCROS ORDINARY SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14139" NEWID="8618">
+<DATE>24-MAR-1987 04:23:02.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0222&#31;reute
+b f BC-WILLIAMS-HOLDINGS-BID   03-24 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIAMS HOLDINGS BIDS 542.2 MLN STG FOR NORCROS</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Industrial holding company Williams
+Holdings Plc said it was bidding 542.2 mln stg for the ordinary
+shares of building products and packaging group Norcros Plc.
+    The offer would be made on the basis of 29 new Williams
+shares for every 50 in Norcros, or 432.7p a share
+    Norcros shares firmed to 410p at 0914 GMT from a close last
+night of 397p.
+    A statement by Williams said it was confident of the merits
+of the proposed merger and it had therefore taken care to
+propose from the outset the right terms, including a full cash
+alternative.
+    The offer will include a partial convertible alternative
+under which shareholders would receive up to a total of 205.69
+mln new second convertible shares in Williams instead of their
+ordinary share allocations.
+    The offer for Norcros preferential shares offers one
+Williams preferential share for each one of Norcros, for a
+value of 130p each and a total of 2.9 mln stg.
+    Last week Williams reported that pretax profits for 1986
+rose to 22.9 mln stg from 6.3 mln.
+    Speculation about a bid for Norcros had been circulating in
+the market for several months, dealers said. Initially it
+centred on &lt;Bunzl Plc>, which once held a 2.6 pct stake, then
+switched to Williams when it began accumulating shares.
+    Earlier this year, Williams suggested holding talks with
+Norcros on a possible merger but was rebuffed by Norcros which
+replied that any benefits that could be achieved could also
+result from normal trading.
+    In the six months to end-September, Norcros reported a rise
+in pretax profits to 20.14 mln stg from 18.55 mln on turnover
+that lifted to 311.82 mln from 303.91 mln
+    Williams Holdings began expanding from 1982 when it had a
+market capitalisation of around one mln stg. A series of
+acquisitions in the next four years has pushed its
+capitalisation up to around 380 mln.
+    The convertible offer would be on the basis of four
+Williams convertibles for every Norcros share, worth 428p a
+share. The cash alternative would offer the equivalent of
+400.2p a share.
+    The announcement of the bid pushed Williams share price
+down to 733p from last night's close at 750p.
+    Williams said it held a total 850,000 shares in Norcros, or
+0.7 pct, while an associate held a further 1.99 mln or 1.6 pct.
+    There was no immediate response from Norcros.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14140" NEWID="8619">
+<DATE>24-MAR-1987 04:25:01.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0226&#31;reute
+b f BC-SANTOS-LTD-&lt;STOS.S>-Y   03-24 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTOS LTD &lt;STOS.S> YEAR ENDING DEC 31</TITLE>
+<DATELINE>    ADELAIDE, March 24 -
+    </DATELINE><BODY>Shr 37.0 cents vs 60.0
+    Final div deferred vs 11 cents (1985 full year 20.0)
+    Pre-tax 171.05 mln vs 239.97 mln
+    Net 88.67 mln vs 144.04 mln
+    Turnover 400.42 mln vs 506.51 mln
+    Other income 85.44 mln vs 71.04 mln
+    Shrs 238.99 vs same.
+    NOTE - Final div deferred for tax advantage until after
+July 1 but not expected to be less than nine cents (interim
+seven). Net after tax 82.38 mln vs 95.92 mln, depreciation and
+amortisation 93.29 mln vs 76.19 mln, interest 90.94 mln vs
+116.49 mln, minorities nil vs loss 10,000 but before
+extraordinary loss 6.49 mln vs loss 53.40 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14141" NEWID="8620">
+<DATE>24-MAR-1987 04:31:56.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0239&#31;reute
+f f BC-FRENCH-BOND-COMMITTEE   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH BOND COMMITTEE APPROVES DOMESTIC ISSUES TOTALLING 4.45 BILLION FRANCS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14142" NEWID="8621">
+<DATE>24-MAR-1987 04:34:06.81</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0240&#31;reute
+u f BC-DOUBTS-ABOUT-ACCORD-S   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOUBTS ABOUT ACCORD SEEN WEAKENING DOLLAR FURTHER</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>The dollar is expected to decline further
+in coming days as scepticism mounts about the effectiveness of
+last month's Paris accord to stabilise currency exchange rates,
+senior foreign exchange dealers said.
+    Following its fall today to a record 148.40 yen, dealers
+said they expect the dollar to establish a new trading range of
+147 to 150 yen before the market again tries to push it down.
+Behind the latest dollar fall lies the belief that last month's
+accord was no longer enough to stop operators pushing the
+dollar down, the dealers said.
+    "The recent remark by U.S. Treasury Secretary James Baker
+that the Paris accord did not set any target ranges for major
+currencies has cast a shadow on the agreement," said Koji
+Kidokoro, general manager of Mitsui Bank Ltd's treasury
+division.
+    He said the market interpreted this as indicating the U.S.
+Would favour a weaker dollar and it had little intention of
+intervening to support the currency.
+    "This eliminated the widespread market caution against
+possible joint central bank intervention," Kidokoro said.
+    Dealers said the dollar had gathered renewed downward
+momentum and that Bank of Japan intervention alone could hardly
+contain a further slide in the currency.
+    They said the central bank bought between one to 1.5
+billion dlrs today, including direct purchases through brokers,
+and yesterday it might have bought a small amount of dollars
+through the U.S. Central bank in New York.
+    Most dealers said they doubted the U.S. Federal Reserve
+would intervene on its own account to support the dollar, but
+some said this might occur if the dollar fell much below 148
+yen.
+    "If the dollar drops to that low level, it could reduce the
+flow of foreign capital into U.S. Securities, which the
+Americans don't want," said Haruya Uehara, chief money market
+manager of Mitsubishi Trust and Banking Corp.
+    He said the dollar may return to around 152 yen next month
+when corporations reduce their dollar sales after they close
+their books for the 1986/87 business year ending on March 31.
+    But dealers said the longer-term outlook for the dollar
+remained bearish. This was due to the lacklustre performance of
+the U.S. Economy, the continuing U.S. Trade deficit and
+Japanese delays in announcing an economic stimulation package.
+    "The Americans are getting frustrated at Japan's inertia in
+stimulating its economy," said Hirozumi Tanaka, assistant
+general manager of Dai-Ichi Kangyo Bank Ltd's international
+treasury division.
+    In the Paris currency accord Japan promised a package of
+economic measures, after the fiscal 1987 budget was passed, to
+boost domestic demand, increase imports, and thus reduce its
+trade surplus. The package was expected in April, but debate on
+the budget has been delayed by an opposition boycott of
+parliamentary business over the proposed introduction of a
+sales tax.
+    In the circumstances the government had only a slim chance
+of producing a meaningful economic package in the near future,
+Dai-Ichi Kangyo's Tanaka said.
+    Dealers said if steps are not taken to stimulate the
+Japanese economy protectionist sentiment in the U.S. Congress
+would grow and put more downward pressure on the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14143" NEWID="8622">
+<DATE>24-MAR-1987 04:38:39.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0257&#31;reute
+b f BC-AMERICAN-CAN-ISSUING   03-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CAN ISSUING 150 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>American Can Co &lt;AC.N> is issuing a 150
+mln dlr convertible eurobond due April 22, 2002 carrying an
+indicated coupon of 5-1/2 to 5-7/8 pct priced at par, lead
+manager Morgan Stanley International said.
+    Terms will be set this week with a conversion premium of 25
+to 28 pct. The bond is available in denominations of 1,000 and
+10,000 dlrs and be listed in Luxembourg.
+    There is no call for three years, subsequently at par plus
+the coupon, declining by equal amounts per annum until 1997.
+    Fees comprise 1-1/2 pct selling concession and one pct
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14144" NEWID="8623">
+<DATE>24-MAR-1987 04:40:20.02</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0260&#31;reute
+u f BC-AUSTRALIAN-OIL-INDUST   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN OIL INDUSTRY TO CONTINUE TAX CAMPAIGN</TITLE>
+<DATELINE>    SURFERS PARADISE, Australia, March 24 - </DATELINE><BODY>The council of the
+Australian Petroleum Exploration Association (APEA) said it
+will press on with its campaign for major improvements to
+Australia's petroleum taxation structure.
+    The council said in a statement the industry was bitterly
+disappointed by the Australian government's position on
+taxation, as presented in a speech by Resources and Energy
+Minister Gareth Evans to the APEA conference.
+    As earlier reported, Evans said he was inclined to target
+any tax changes rather than take a broad-based approach to
+secondary taxation of petroleum.
+    APEA had expected the government to make positive responses
+to detailed industry submissions seeking the removal of
+existing secondary tax disincentives to exploration and
+development, the council said.
+    It said it plans to reply in detail to issues raised by
+Evans, but its immediate concern was the decision to proceed
+with the current resource rental tax (RRT) legislation.
+    Evans told the conference the government did not plan to
+accept industry pleas for changes in the legislation to allow
+deductibility of unsuccessful exploration expenditure.
+    "The government's unwillingness to allow the deduction of
+unsuccessful exploration expenditure within the whole offshore
+area in which RRT applies negates any claim that the tax is
+profit based," the APEA council said.
+    The government missed a major opportunity to persuade oil
+exploration companies that it had realistic answers to the
+industry's concerns, despite its recognition of the industry's
+problems, the council said.
+    The industry has called for the end of all discriminatory
+secondary taxation of petroleum, citing them as major
+disincentives at a time of low oil prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14145" NEWID="8624">
+<DATE>24-MAR-1987 04:45:15.83</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0268&#31;reute
+u f BC-GERMAN-FEBRUARY-IMPOR   03-24 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN FEBRUARY IMPORT PRICES FALL</TITLE>
+<DATELINE>    WIESBADEN, March 24 - </DATELINE><BODY>Import prices in West Germany fell
+0.7 pct in February from January to stand 15.6 pct below their
+level in February 1986, the Federal Statistics Office said.
+    In January the import price index, base 1980, was unchanged
+compared with December but 17.8 pct lower against January 1986.
+    February export prices, same base as import prices, were
+unchanged compared with January and 2.5 pct lower than in
+February 1986.
+    In January export prices fell 0.3 pct against December to
+stand 3.0 pct lower than in January 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14146" NEWID="8625">
+<DATE>24-MAR-1987 04:49:14.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0274&#31;reute
+b f BC-FRENCH-BONDS-FOR-4.45   03-24 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH BONDS FOR 4.45 BILLION FRANCS APPROVED</TITLE>
+<DATELINE>    PARIS, March 24 - </DATELINE><BODY>French domestic bond issues totalling
+4.45 billion francs have been approved by the bond issuing
+committee for publication in the Official Bulletin of March 30,
+the committee announced.
+    The largest of the issues will be a three-billion franc
+bond for the Caisse d'Aide a l'Equipement des Collectivites
+Locales (CAECL), comprising a two-billion franc fixed-rate
+tranche and a one billion franc variable-rate tranche.
+    Financement Local et Regional (FLORAL), a finance house
+managed by CAECL, will issue an 800 mln franc bond and Caisse
+Nationale de l'Energie will issue a 650 mln franc bond, of
+which one of the lead-managers will be Banque Nationale de
+Paris.
+    Details will be released later, the committee said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14147" NEWID="8626">
+<DATE>24-MAR-1987 04:49:31.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0275&#31;reute
+u f BC-CHINA'S-FIFTH-SECURIT   03-24 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA'S FIFTH SECURITIES MARKET TO OPEN</TITLE>
+<DATELINE>    PEKING, March 24 - </DATELINE><BODY>China's fifth securities market will
+open on April 1 in the industrial port city of Tianjin, the
+People's Daily overseas edition said.
+    It said the market will in its first phase trade four
+bonds, two issued by banks, one by a well-known city bicycle
+factory and one issued by the city government to finance
+construction of a road.
+    Buyers and sellers can either agree on a price between them
+and register the deal with the Industrial and Commercial Bank
+that will run the new market or entrust the bank to make the
+deal, it said.
+    The paper said that only financial organisations and not
+other firms or individuals could handle such trading.
+    China's first securities market opened last year in the
+northeast city of Shenyang and, since then, others have opened
+in Shanghai, Peking and Harbin.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14148" NEWID="8627">
+<DATE>24-MAR-1987 04:50:32.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0279&#31;reute
+u f BC-CHINA-EXPECTED-TO-SHO   03-24 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA EXPECTED TO SHOW BIG 1986 BUDGET DEFICIT</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    PEKING, March 24 - </DATELINE><BODY>China's Finance Minister Wang Bingqian
+will report a 1986 budget deficit of up to nine billion yuan
+and prescribe austerity measures for 1987 in a budget speech on
+Thursday, foreign bankers and diplomats told Reuters.
+    Chinese officials have said the 1986 deficit is "several
+billion," after a surplus of 2.82 billion in 1985 which followed
+six years of deficits, including a record 17 billion yuan
+shortfall in 1979. They have not given an exact figure.
+    The officials blamed the deficit on excessive investment in
+fixed assets and consumer demand, a drop in efficiency in state
+firms, a trade deficit and lower income from import duties.
+    "China needs a nationwide campaign to increase production
+while cutting expenditure," the official Peking Review said in
+an editorial yesterday.
+    "China should institute means for the effective control of
+the macro-economy and the invigoration of enterprises, larger
+ones in particular, by emphasising quality, efficiency and
+reduced consumption," it said.
+    Only by such measures, the magazine said, "can an overall
+supply-demand balance in society be secured and the economy
+develop steadily over a long period."
+    A Western diplomat said major factors for the deficit,
+which he estimated at up to nine billion yuan, were a drop in
+efficiency and wage rises in state firms, whose profits and
+taxes account for a substantial part of national revenue.
+    The State Statistical Bureau (SSB) last month said profits
+and taxes of state firms in 1986 fell 0.2 pct from 1985 to
+119.3 billion yuan, while production costs were over budget,
+losses rose and product quality was unstable.
+    The SSB said profits in most state firms fell because of
+bad management and rapid changes in external conditions.
+    "For some materials, state firms have to compete on the free
+market, where prices are up to double those for materials they
+buy under fixed quota from the state," the diplomat said.
+    "The firms are not subject to proper market discipline,
+because they cannot go bankrupt, do not have to repay bank
+loans and have to employ workers whether or not they need them.
+Under these conditions, they cannot properly adjust to the
+economic levers the state is introducing," he said.
+    Another diplomat said Wang's major problem is excess demand
+in the economy, caused by wage increases well ahead of
+industrial growth, and excess growth in capital construction.
+    "He must dampen this growth through raising taxes or cutting
+government expenditure," he said. "China's economy is inherently
+unstable, either in a high or a trough."
+    He said Wang will reaffirm themes repeated by leaders since
+the start of the year -- thrift, improved efficiency, cutting
+investment outside the state plan and reducing consumption to
+bring demand and supply into balance.
+    "There will be no surprises," the diplomat said.
+    The first diplomat said one sign of the thrifty times was
+the lack of a banquet during a visit he made to a major Chinese
+industrial city.
+    "Normally, a foreign guest's visit is a chance for the boys
+to feast on Mao Tai (a strong liquor), turtle and sea slugs,
+with one banquet given by them and one given in return by me.
+But there was none on this visit," he said.
+    He added economic reforms will slow this year, in
+particular price changes and the issuing of shares, which raise
+sensitive issues about ownership and ideology. Bond issues
+raise no such dilemmas and will continue, he added.
+    A North American banker, who estimated the deficit at about
+eight billion yuan, said economic policy has been affected by a
+national drive against "bourgeois liberalism," a phrase meaning
+Western political ideas.
+    "In China the political system dictates economic policy," he
+said. "The large deficit gives the conservatives a stick to beat
+the reformers and demand more economic austerity.
+    "One of China's top economic policy makers told me this week
+1987 will be a year of consolidation for his firm, with less
+overseas investment, lower imports and new funding to be
+sourced internally."
+    The banker said he is more comfortable about China's
+stability now than two months ago, when the drive was launched
+after the resignation of Communist Party chief Hu Yaobang.
+    "There is no leftist alternative to the reforms," he said.
+"There is no going back to the policy of strict central control.
+But the reforms will take years. What you have now is a
+confused mix of control and market economies."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14149" NEWID="8628">
+<DATE>24-MAR-1987 04:56:34.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0292&#31;reute
+u f BC-NIPPON-LIFE,-SHEARSON   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON LIFE, SHEARSON TIE-UP SEEN SETTING TREND</TITLE>
+<AUTHOR>    By Steven Brull, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Nippon Life Insurance Co's 538 mln dlr
+purchase of a 13 pct stake in Shearson Lehman Brothers Inc
+brokerage unit is a shrewd move that other Japanese insurers
+are likely to follow, securities analysts said.
+    The investment in one of Wall Street's top brokerage houses
+is likely to pay off in dollars and international market
+position, they said. "It's part of a trend towards growing
+capital participation by Japanese insurance firms in foreign
+financial institutions," said Simon Smithson, an analyst with
+Kleinwort Benson International Inc in Tokyo.
+    The investment in Shearson Lehman, a growing firm described
+by some analysts as the top U.S. Retail brokerage, will give
+Nippon Life a ringside seat and possibly lower commissions on
+Wall Street, where it invests an increasing percentage of its
+assets of 90.2 billion dlrs, they said.
+    Nippon Life staff will also acquire expertise in business
+sectors which have not yet opened up in Japan, they added.
+    The agreement between the two companies calls for a 50-50
+joint venture in London focussing on investment advisory asset
+management, market research, and consulting on financing.
+    Nippon Life is Japan's largest insurance company and the
+world's biggest institutional investor, analysts said.
+    The Japanese finance ministry is expected to approve the
+deal in April, making Nippon Life the first Japanese life
+insurance firm to take a stake in a U.S. Financial firm.
+    The limit on foreign assets as a proportion of Japanese
+insurers' assets was increased to 25 pct from 10 pct last year.
+Since then, they have stepped up purchases of foreign stocks
+and sought to deepen their understandng of foreign markets and
+instruments.
+    Last year, a Sumitomo Life Insurance Co official was
+appointed to E.F. Hutton Group Inc unit E.F. Hutton and Co's
+board and Sumitomo Bank Ltd spent 500 mln dlrs to become a
+limited partner in Goldman, Sachs and Co.
+    Smithson said Japanese banks started buying smaller and
+problem-plagued banks in 1984. "But now Japanese are going for
+blue-chip organisations," he said.
+    "It's a reflection of what has happened in manufacturing
+industries," said Brian Waterhouse at James Capel and Co. "With a
+historically high yen, and historically low interest rates,
+there's an increasing disincentive to invest in Japan."
+    Competition in fund management has grown along with greater
+Japanese savings. The typical salaried employee has 7.33 mln
+yen in savings, reflecting an annual average savings rate of 17
+to 18 pct, he said.
+    To stay competitive, fund managers must invest overseas and
+gain experience with financial instruments which are likely to
+spread to Japan with further deregulation. "The high regulatory
+environment has delayed (life insurance firms')
+diversification. Now there's a growing number of new products
+in an environment of increasing competition for performance on
+fund management," Smithson said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14150" NEWID="8629">
+<DATE>24-MAR-1987 05:04:19.62</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0308&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   03-24 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST AT 300 MLN STG</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>The Bank of England said it forecast a
+shortage of around 300 mln stg in the money market today.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and the take-up of treasury bills will drain
+some 338 mln stg while bankers' balances below target will take
+out around 25 mln stg.
+    Partly offsetting these outflows, a fall in note
+circulation and exchequer transactions will add some 45 mln stg
+and 25 mln stg to the system respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14151" NEWID="8630">
+<DATE>24-MAR-1987 05:05:28.71</DATE>
+<TOPICS><D>earn</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0312&#31;reute
+u f BC-SANTOS-SAYS-PROFITS-H   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTOS SAYS PROFITS HIT BY OIL PRICE FALL</TITLE>
+<DATELINE>    ADELAIDE, March 24 - </DATELINE><BODY>Leading Australian onshore oil and gas
+producer, Santos Ltd &lt;STOS.S>, said its 1986 results were hit
+by sharp reductions in prices for crude oil, condensate and
+liquefied petroleum gas (LPG).
+    The Cooper Basin producer earlier reported a fall in net
+profit to 88.67 mln dlrs from 144.04 mln in 1985.
+    Santos chairman Sir Brian Massy-Greene said in a statement
+that increased production, particularly of oil and LPG, along
+with reduced operating costs and reduced or deferred oil
+exploration and development outlays, were helping Santos deal
+with an adverse business climate.
+    Santos said it remained financially strong with an
+injection of 84 mln dlrs from the second instalment of a 1985
+rights issue, and had cash reserves of 381.3 mln dlrs at the
+end of 1986 against 401.9 mln a year earlier.
+    It said it had also made significant progress in repaying
+debts and at year end the ratio of debt to shareholders' funds
+had fallen to 1.01 from 1.54.
+    Santos yesterday announced a 4.00 dlr a share takeover bid
+for the 96.93 pct it did not already hold in oil and gas
+company &lt;TMOC Resources Ltd> -- valuing the target at 248.5 mln
+dlrs.
+    Santos said 75 pct of its loans were U.S. Dollar
+denominated and significant currency purchases were made during
+the year to maintain that natural hedge. At year end it held
+145 mln U.S. Dlrs, enough to meet all 1987 repayments.
+    Santos said it had a successful gas exploration program,
+finding 172 billion cubic feet in South Australia, but oil
+exploration was less successful with 1.62 mln barrels added to
+reserves -- less than depletion during the year.
+    Cooper Basin producers are committed to a two-year scheme
+to double gas exploration while Santos said its 1987 budget for
+oil exploration had been boosted 20 pct.
+    Santos said the outlook for 1987 depended on prices and
+production volumes but with extra oil exploration and
+encouraging gas finds there were grounds for optimism.
+    But it called on the goverment to continue fostering
+domestic producers through the Import Parity Price scheme.
+    "It makes no sense to abandon this policy now when
+exploration is at its lowest level for many years and when
+Australia's oil self-sufficency is expected to decline rapidly,"
+Massy-Green said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14152" NEWID="8631">
+<DATE>24-MAR-1987 05:07:46.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0318&#31;reute
+u f BC-SONY-SETTING-UP-SECON   03-24 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONY SETTING UP SECOND AUDIO PLANT IN MALAYSIA</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Sony Corp &lt;SNE.T> said it will set up a
+second wholly-owned subsidiary in Malaysia to make headphones,
+car stereos, radios and radiocassettes from early 1988.
+    &lt;Sony Electronics (M) Sdn Bhd> in Penang will have initial
+capital of about 2.5 billion yen, and provide 1,000 jobs.
+    Sales worth 10 billion yen are targetted for the year from
+April 1, 1988, mainly to the U.S. And Europe.
+    Sony's wholly-owned &lt;Toyo Audio (M) Sdn Bhd> in Penang has
+made audio products for export to the U.S. And Europe since
+1984. Toyo sales were four billion yen in the year to October
+31, 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14153" NEWID="8632">
+<DATE>24-MAR-1987 05:09:45.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0325&#31;reute
+u f BC-P-AND-O-PLANS-WARRANT   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>P AND O PLANS WARRANT ISSUE TO MARK ANNIVERSARY</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Peninsular and Oriental Steam Navigation
+Co Plc &lt;PORL.L>, P and O, said it plans a free warrant issue on
+the basis of 10 warrants for every 150 stg nominal of deferred
+stock already held, to mark the 150th anniversary of the
+company.
+    Each warrant will give the right to subscribe for one stg
+nominal of deferred stock at 750p during a specified period in
+the five years starting in 1988.
+    P and O deferred shares were last quoted at 629p, down 1p
+since yesterday, after the company reported 1986 pre-tax profit
+of 174.1 mln stg against 125.6 mln for 1985.
+    P and O said 1986 produced an acceptable level of growth,
+though ground has to be made up in one or two areas.
+    The company has a strong balance sheet and considerable
+flexibility for 1987, it added. P and O will concentrate on
+expanding in its established market sectors.
+    Commenting on the recent ferry disaster in the North Sea
+off Zeebrugge, the statement said the precise cause is unknown.
+The company has instituted an immediate investigation and both
+the British and Belgian governments are conducting inquiries.
+    The stricken ferry, the Herald of Free Enterprise, belongs
+to Townsend Thoresen, which became part of P and O in January.
+    P and O is considering listing its shares in Japan and
+other important overseas financial centres, the statement
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14154" NEWID="8633">
+<DATE>24-MAR-1987 05:12:22.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0330&#31;reute
+u f BC-INDONESIAN-BANKS-PROF   03-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN BANKS PROFITS RISE AFTER DEVALUATION</TITLE>
+<AUTHOR>    By Jeremy Clift, Reuters</AUTHOR>
+<DATELINE>    JAKARTA, March 24 - </DATELINE><BODY>Indonesia's September devaluation
+helped bank profits to rise by 28.6 pct in calendar 1986, but
+despite higher world oil prices, banks are likely to see
+profits stabilise or fall in 1987, the head of Indonesia's
+Association of Private Banks told Reuters.
+    Association chairman Nyoman Muna said in an interview that
+most banks made windfall profits from the 31 pct devaluation
+against the U.S. Dollar.
+    He saw the outlook for 1987 as more favourable for
+Indonesia, with oil prices now around 18 dlrs a barrel.
+    But he forecast that overall bank profits would probably
+fall slightly from 1986 pre-tax levels, which he said were
+artificially high due to the devaluation.
+    The Association's latest report on the performance of
+Indonesia's 112 state, foreign and private banks shows that
+overall profits rose in 1986 to 495 billion rupiah from 385
+billion in 1985.
+    This was after a fall in first half profits to 202.9
+billion rupiah, from 238.1 billion in January-June 1985.
+    The report shows foreign bank profits slumped in 1986,
+mostly due to a loss by Bank of America NT and SA.
+    Bank of America, a branch of BankAmerica Corp &lt;BAC.N>, was
+affected by a string of bad debts and other problems during the
+year. It showed a loss of 32.03 billion rupiah, against a loss
+of 3.48 billion in 1985, and 1984 profit of 7.25 billion.
+    A bank spokesman told Reuters he believed Bank of America
+in Jakarta was now back on track. "The worst is behind us."
+    Its assets have fallen to 194.07 billion rupiah in 1986
+from 293 billion in 1985 and 301.5 billion at the end of 1984.
+    Indonesian profits of the 11 foreign banks allowed to
+operate in Jakarta fell to 6.58 billion rupiah from 39.2
+billion in 1985, the report said.
+    These profits do not include offshore loans, which are
+handled through other centres but which account for most of the
+foreign banks' business.
+    Profits of Indonesia's seven key state banks, which account
+for more than 80 pct of domestic banking assets, rose sharply
+to 319.09 billion rupiah in 1986 from 212.0 billion.
+    Total assets of the seven rose to 40,232 billion from
+31,288 billion rupiah, the report said.
+    Profits of BNI 1946, the largest of the seven, rose to
+63.28 billion rupiah from 35.9 billion in 1985.
+    Its total assets expanded to 12,115 billion from 8,552
+billion at the end of December 1985.
+    Muna said in the fiscal year starting April 1, budgeted
+government spending will fall in real terms. Many ministries
+have had budgets cut severely due to declining oil revenues.
+    "This will naturally have its impact on the banking sector,"
+Muna stated. "But I think that with oil around 18 dlrs, the
+general performance of the banking sector will not be too bad."
+    Western bankers said the capital market remained sluggish,
+but Indonesia was using more foreign loans.
+    Bank of Tokyo &lt;BTOK.T>, the only Japanese bank allowed to
+operate here, almost doubled its assets in 1986 to 607 billion
+rupiah from 335 billion in 1985, the report showed. But its
+profit was barely higher at 8.5 billion from 8.4 billion.
+    Citicorp's &lt;CCI.N> local unit Citibank, previously listed
+as the largest foreign bank, slipped to second place behind
+Bank of Tokyo. It recorded a loss of 480 mln rupiah against a
+1985 profit of 11.9 billion.
+    A Citibank spokesman told Reuters the loss was a
+book-keeping issue and did not represent the true picture, but
+declined to give further figures.
+    One western banker said that "Citibank is still definitely
+the largest foreign operation in Jakarta, whether or not its
+profit figures show it."
+    Bank of Tokyo and Citibank ranked 10th and 11th in terms of
+assets of all banks in Indonesia.
+    The government allows only 11 foreign banks to conduct full
+banking operations, and restricts their business to Jakarta.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14155" NEWID="8634">
+<DATE>24-MAR-1987 05:14:07.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0336&#31;reute
+b f BC-KYUSHU-ELECTRIC-POWER   03-24 0085</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+KYUSHU ELECTRIC POWER ISSUES YEN BONDS LONDON, March 24 -
+Kyushu Electric Power Co Inc is issuing a 20 billion yen bond
+due April 22, 1994 carrying a coupon of 4-3/4 pct and priced at
+101-5/8 pct, said Nomura Securities Co Ltd as lead manager.
+    The securities are available in denominations of one mln
+yen each and will be listed on the Luxembourg stock exchange.
+Payment date is April 22, 1987.
+    There is a 1-1/4 pct selling concession and combined
+management and underwriting fees total 5/8 pct.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14156" NEWID="8635">
+<DATE>24-MAR-1987 05:19:03.91</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0346&#31;reute
+u f BC-CANADA-OUTLINES-GATT   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA OUTLINES GATT AGRICULTURAL REFORM PLAN</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 24 - </DATELINE><BODY>Canadian Trade Minister Pat
+Carney said that agricultural policies should not hurt world
+international trade and should therefore become more price
+responsive over time.
+    She told delegates at the informal meeting of trade
+ministers that this was one of five principles Canada wanted
+adopted in reforming agriculture in the General Agreement on
+Tariffs and Trade (GATT). Secondly, support for agriculture
+should avoid production incentives, and thirdly, countries
+should freeze and seek to reduce government aid measures that
+distorted world prices, Carney said.
+    Carney said the fourth principle was that countries should
+not introduce new import barriers not mandated by existing
+legislation and the fifth was that these basic principles must
+be implemented collectively.
+    Carney later told Reuters the Canadian guidelines are
+basically compatible with the seven point Australian proposals
+announced in Davos, Switzerland, in January.
+    European trade sources said the conference welcomed the
+Canadian initiative but some delegates, and not only the
+European Community, voiced reservations about some of the
+principles.
+    Carney said there was a lot of political will among the
+ministers here to complete the Uruguay Round of GATT in under
+four years and that there is also a realisation that it has to
+be done in a balanced way.
+    "The consensus view was to proceed as fast as we can on a
+broad front and see what areas emerge where we can get early
+conclusion," she said.
+    However, the meeting did not identify what those areas are,
+Carney said.  She said Canada/U.S. Bilateral trade
+negotiations, which must be concluded at least in draft form by
+October, are progressing well.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14157" NEWID="8636">
+<DATE>24-MAR-1987 05:23:55.42</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0353&#31;reute
+u f BC-TAIWAN-ISSUES-MORE-CE   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ISSUES MORE CERTIFICATES OF DEPOSITS</TITLE>
+<DATELINE>    TAIPEI, March 24 - </DATELINE><BODY>The Central Bank said it issued 4.96
+billion dlrs worth of certificates of deposit (CDs) today,
+after issuing 4.03 billion of similar CDs yesterday, bringing
+the total value of CD issues in 1987 to 139.46 billion.
+    The new CDs, with maturities of six months, one year and
+two years, carry interest rates ranging from 4.07 pct to 5.12
+pct, a bank official told Reuters.
+    The issues are designed to help curb the growth of m-1b
+money supply, which is expanding as a result of large foreign
+exchange reserves.
+    The reserves hit a record 53 billion U.S. Dlrs yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14158" NEWID="8637">
+<DATE>24-MAR-1987 05:25:16.15</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D><D>philippines</D></PLACES>
+<PEOPLE><D>concepcion</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0357&#31;reute
+u f BC-PHILIPPINE-TRADE-SECR   03-24 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE TRADE SECRETARY PLEASED WITH GATT TALKS</TITLE>
+<AUTHOR>    By Christopher Pritchett, Reuters</AUTHOR>
+<DATELINE>    TAUPO, New Zealand, March 24 - </DATELINE><BODY>Philippine Secretary of
+Trade and Industry Jose Concepcion, who two days ago expressed
+doubts about agreements produced at international conferences,
+said he was pleased with the latest gathering here.
+    Concepcion told Reuters in an interview that the informal
+General Agreement on Tariffs and Trade (GATT) meeting gave
+ministers from more than 20 nations the chance to examine
+issues with which GATT did not have the political will to deal.
+    "Also, the role of the developing countries has been
+emphasised in this particular meeting. Somehow it has been the
+perception of developing countries that GATT is a club of rich
+countries," he added in an interview with Reuters.
+    "In fact many of the issues that have been tabled for
+discussion (in the Uruguay round of trade negotiations) will be
+of more benefit to the developed countries," he said.
+    Concepcion said at the start of the Taupo meeting that the
+Uruguay round was meant to be a "shining act of faith" in the
+world trade system.
+    Concepcion said the Philippines would address the issues of
+trade in tropical fruit and the improvement of GATT machinery
+to make it more responsive.
+    He said tropical fruit came from developing countries but
+faced non-tariff barriers, quantitative restrictions or very
+high duties in other nations. Concepcion named Japan and South
+Korea as examples.
+    He said he would go to Wellington for talks with New
+Zealand, which had a surplus in trade with the Philippines, to
+encourage it to switch imports from other countries. He noted
+that New Zealand bought its bananas from Ecuador.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14159" NEWID="8638">
+<DATE>24-MAR-1987 05:31:26.75</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0365&#31;reute
+u f BC-DROUGHT-HITS-THAI-RUB   03-24 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DROUGHT HITS THAI RUBBER AND FRUIT GROWERS</TITLE>
+<DATELINE>    BANGKOK, March 24 - </DATELINE><BODY>A drought that began seven weeks ago is
+hurting orchards and rubber plantations in Thailand and
+officials said it could last until May.
+    The government is trucking water into parched farms in
+parts of northeastern, eastern and southern provinces, but not
+enough to satisfy farmers, according to press reports.
+    There has been no official estimate of damage.
+    Officials of Thailand's rain-making institute said its
+airplanes could help little because few clouds were forming for
+them to seed with rain-making chemicals. Thailand has a rainy
+season that normally starts in May and lasts to October.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14160" NEWID="8639">
+<DATE>24-MAR-1987 05:35:06.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>barbados</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0373&#31;reute
+u f BC-BARBADOS-SEEKING-25-M   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARBADOS SEEKING 25 MLN STG REVOLVING CREDIT</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Barbados is making its annual trip to
+the international capital markets a bit earlier this year and
+has mandated Barclays Bank Plc to arrange a 25 mln stg
+revolving credit, Barclays said.
+    The financing will be for seven years, with four years
+grace, and will allow the borrower to make drawings in U.S.
+Dollars. The credit will be transferable and carry interest at
+1-1/8 pct over the London Interbank Offered Rate. There is a
+commitment fee of 1/2 pct.
+    Banks are being invited to join at four mln stg for 50
+basis points and at 2.5 mln stg for 40 basis points.
+    The terms represent an improvement over those obtained last
+year, when Barbados tapped the market for a 25 mln dlr
+transferable loan facility, which carried the same maturity but
+had interest at 1-1/4 pct over Libor. The facility was
+subsequently increased to 40 mln dlrs.
+    However, the loan was not signed until November 5, and
+bankers said that this year Barbados wanted to have the
+financing in place early to give it greater flexibility in
+drawing the funds over the course of the year.
+    Last year Barbados boosted its capital market borrowings
+with a small private yen placement in the Japanese market.
+    At the signing of the 40 mln dlr facility, Winston Cox,
+advisor to the Central Bank of Barbados, said he was looking to
+make greater use of the international capital markets to reduce
+the country's dependence on multi-national orgainsations.
+    However, bankers believe this will be the country's only
+major financing for this year, although another small private
+placement in Japan could be arranged later in the year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14161" NEWID="8640">
+<DATE>24-MAR-1987 05:47:21.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0390&#31;reute
+u f BC-INDIA-LAUNCHES-FIRST   03-24 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA LAUNCHES FIRST INTERCONTINENTAL-RANGE ROCKET</TITLE>
+<DATELINE>    NEW DELHI, March 24 - </DATELINE><BODY>India launched its first
+intercontinental-range rocket, the Press Trust of India
+reported.
+    The rocket blasted off from Sriharikota near Madras and 406
+seconds later placed a 145 kg satellite in a 400 km earth
+orbit. The satellite will carry out scientific missions.
+    India put its first satellite launch vehicle into space in
+1980. But this and a second rocket launched in 1983 were
+classed in the below-intermediate range.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14162" NEWID="8641">
+<DATE>24-MAR-1987 05:50:23.14</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0392&#31;reute
+b f BC-MIYAZAWA-SAYS-U.S.-LI   03-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS U.S. LIKELY TO INTERVENE</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa told
+Parliament's Lower House Finance Committee that the U.S. Is
+expected to intervene in the foreign exchange market to
+stabilise exchange rates, political sources said.
+    Asked if the U.S. Federal Reserve Board agreed in Paris
+last month to intervene to stabilise exchange rates, Miyazawa
+said yes, the sources said.
+    Miyazawa was also quoted as saying that he is sceptical
+about the effectiveness of currency reference ranges even if
+major nations agree on such an idea as it is extremely
+difficult to set such ranges.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14163" NEWID="8642">
+<DATE>24-MAR-1987 05:50:32.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0393&#31;reute
+b f BC-SKANDINAVISKA-ENSKILD   03-24 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SKANDINAVISKA ENSKILDA ISSUES YEN BONDS</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Skandinaviska Enskilda Banken is issuing
+a 10 billion yen bond due October 23, 1992 carrying a coupon of
+4-1/2 pct and priced at 101-3/8, lead manager Daiwa Securities
+International (Europe) Ltd said.
+    The securities wil be listed on the London Stock Exchange
+and will be available in denominations of one mln yen each.
+Payment date is April 23, 1987.
+    There is a 1-1/4 pct selling concession and a 5/8 pct
+combined management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14164" NEWID="8643">
+<DATE>24-MAR-1987 05:52:58.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0397&#31;reute
+f f BC-British-Aerospace-198   03-24 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>British Aerospace 1986 pretax profit 182.2 mln stg vs 150.5 mln
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14165" NEWID="8644">
+<DATE>24-MAR-1987 06:00:38.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0405&#31;reute
+b f BC-BRITISH-AEROSPACE-PLC   03-24 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AEROSPACE PLC &lt;BAEL.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 24 -
+    </DATELINE><BODY>Shr 51.4p vs 56.4p
+    Div 11.0p making 17.4p, a 10 pct increase on 1985
+    Turnover 3.14 billion stg vs 2.65 billion
+    Pretax profit 182.2 mln vs 150.5 mln
+    Tax 53.8 mln vs 23.5 mln
+    Note - comparisons restated.
+    Trading profit 217.2 mln vs 211.1 mln
+    Launching costs 47.6 mln vs 51.6 mln
+    Share of profit of related companies 3.6 mln vs 3.4 mln
+    Net interest receivable 9.0 mln vs 12.4 mln payable
+    Extraordinary debit 44.1 mln vs nil
+    Trading profit includes  -
+    Civil aircraft 7.7 mln loss vs 2.5 mln loss
+    Military aircraft and support services 146.0 mln vs 148.3
+mln
+    Guided weapon and electronic systems 139.7 mln vs 127.8 mln
+    Space and communications 1.9 mln vs 2.0 mln loss
+    Company funded research and development 62.7 mln loss vs
+54.9 mln
+    Reorganisation costs nil vs 5.6 mln loss
+    Launch costs include -
+    BAe 146 17.1 mln vs 27.3 mln
+    Airbus 19.4 mln vs 6.9 mln
+    BAe 125-800 0.3 mln vs 1.5 mln
+    ATP 10.8 mln vs 15.9 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14166" NEWID="8645">
+<DATE>24-MAR-1987 06:02:36.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0407&#31;reute
+r f BC-CHINA-SETS-UP-JOINT-V   03-24 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA SETS UP JOINT VENTURE BANK WITH WORLD BANK</TITLE>
+<DATELINE>    PEKING, March 24 - </DATELINE><BODY>State-owned Agricultural Bank of China
+is to form a bank with the World Bank to "support China's
+agricultural development and speed up its modernisation" in the
+special economic zone of Xiamen, the People's Daily overseas
+edition said.
+    It gave no further details, but a Chinese banker said the
+new International Agricultural Development Bank had capital of
+less than 100 mln dlrs and would act mostly as an investment
+bank, lending to farm processing businesses and rural
+factories.
+    He said the World Bank unit is the International Finance
+Corp, which lends to private firms.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14167" NEWID="8646">
+<DATE>24-MAR-1987 06:03:17.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0409&#31;reute
+f f BC-S.AFRICA-DISCLOSING-N   03-24 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S.AFRICA DISCLOSING NEW ARRANGEMENT FOR FOREIGN DEBT REPAYMENT TODAY, FINANCE MINISTRY SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14168" NEWID="8647">
+<DATE>24-MAR-1987 06:10:03.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0417&#31;reute
+u f BC-SUZUKI-MOTOR-PLANS-HU   03-24 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUZUKI MOTOR PLANS HUNGARIAN JOINT CAR VENTURE</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Suzuki Motor Co Ltd &lt;SZMT.T> is
+negotiating a joint venture with Hungary to assemble compact
+cars there following a request from its government, the first
+entry by a Japanese car maker into a Communist country, a
+Suzuki spokesman said.
+    The company, in which General Motors Corp &lt;GM.N> has a 4.9
+pct stake, has to set up such projects to avoid cutting
+component production in Japan. Existing overseas vehicle
+projects are increasing local content and so using fewer
+Japanese parts, the spokesman said.
+    Its Indian joint venture &lt;Maruti Udyog Ltd>, MUL, 26 pct
+owned by Suzuki, will reduce component imports from Japan as it
+increases local content to 60 pct from the present 40 pct in
+1987, the spokesman said.
+    The yen's continued rise against the dollar and Japan's
+self-imposed restrictions on exports to the U.S. And Europe
+were also to blame for cuts in car component manufacture in
+Japan, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14169" NEWID="8648">
+<DATE>24-MAR-1987 06:10:59.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0419&#31;reute
+b f BC-COPENHAGEN-TELEPHONE   03-24 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COPENHAGEN TELEPHONE 600 MLN FRENCH FRANC ISSUE</TITLE>
+<DATELINE>    PARIS, March 24 - </DATELINE><BODY>Copenhagen Telephone Co Ltd is issuing a
+600 mln French franc 15-year retractable adjustable bond, lead
+manager Credit Commercial de France (CCF) said.
+    The bond will have an issue price of 101-1/8 pct and for
+the first five years it will carry a nine pct coupon.
+    The final due date will be April 28, 2002 and the issue
+will be both puttable and callable on April 28, 1992 and 1997
+at par.
+    It will be denominated in 10,000 franc units and be listed
+in Luxembourg. Co-lead will be Privatbanken.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14170" NEWID="8649">
+<DATE>24-MAR-1987 06:24:31.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE><D>du-plessis</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0436&#31;reute
+b f BC-SOUTH-AFRICA-SETS-NEW   03-24 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA SETS NEWS CONFERENCE ON DEBT</TITLE>
+<DATELINE>    PRETORIA, March 24 - </DATELINE><BODY>South Africa will disclose later today
+new arrangements for its repayment of foreign debt, the Finance
+Ministry said.
+    Finance Minister Barend du Plessis will announce details at
+a news conference at 1500 gmt, a spokesman said.
+    Sources close to the ministry said South African
+negotiators had worked out a favorable agreement on repayment
+of 13 billion dlrs of debt after a standstill agreement expires
+on June 30.
+    The sources said a South African delegation led by chief
+debt negotiator Chris Stals, director-general of finance, was
+completing meetings in London today with foreign creditor
+banks.
+    "As far as South Africa is concerned, it looks like very
+good news," one source said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14171" NEWID="8650">
+<DATE>24-MAR-1987 06:25:05.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0438&#31;reute
+b f BC-ASEA-CAPITAL-ISSUES-1   03-24 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASEA CAPITAL ISSUES 10 BILLION YEN BOND</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>ASEA Capital Corp BV is issuing a 10
+billion yen bond due April 23, 1992 carrying a coupon of 4-1/2
+pct and priced at 102-3/8, Mitsui Finance International Ltd
+said as lead manager.
+    The securities, which are guaranteed by parent company ASEA
+Capital, will be listed on the Luxembourg Stock Exchange.
+    There is a put and a call option in 1990 at par. The
+securities are available in denominations of one mln yen each
+and are payable on April 23, 1987.
+    The company's outstanding issues are rated AA-minus by
+Standard and Poor's Corp.
+    There is a 1-1/4 pct selling concession and a 5/8 pct
+combined management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14172" NEWID="8651">
+<DATE>24-MAR-1987 06:29:23.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0445&#31;reute
+u f BC-ALCATEL-CIT-AND-CAP-G   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCATEL CIT AND CAP GEMINI WIN SWEDISH CONTRACTS</TITLE>
+<DATELINE>    PARIS, March 24 - </DATELINE><BODY>Alcatel CIT, the French subsidiary of
+&lt;Alcatel NV> which groups the worldwide telecommunications
+business of ITT Corp &lt;ITT.N> and France's state-owned Cie
+Generale d'Electricite &lt;CGE>, has won a 15 mln French franc
+contract to supply transmission equipment to the Swedish Armed
+Forces, the company said in a communique here.
+    The order is for digital multiplexers.
+    At the same time French computer services group &lt;Cap Gemini
+Sogeti> said it has won a five mln franc contract to develop a
+data system for the Swedish aeronautical research institute.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14173" NEWID="8652">
+<DATE>24-MAR-1987 06:37:38.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0448&#31;reute
+u f BC-JAPANESE-CAPITAL-SPEN   03-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE CAPITAL SPENDING GROWTH EXPECTED TO SLOW</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Japanese private sector investment in
+plant and equipment is expected to grow a real 0.9 pct in 1987,
+after an estimated 5.5 pct rise last year, the Long-Term Credit
+Bank of Japan Ltd said.
+    It said its survey of 1,169 companies at the end of
+February showed that manufacturing industry investment will
+decline eight pct this year, while non-manufacturing will
+increase 5.7 pct. It did not provide figures for 1986.
+    The bank partly blamed the expected deline in manufacturing
+investment on the uncertain outlook for demand in those
+industries.
+    The Long-Term Credit Bank also said that steelmaking and
+shipbuilding companies are putting a squeeze on maintenance and
+repair costs for their facilities and equipment.
+    In non-manufacturing industry, growth in investment is
+expected to be particularly marked in the wholesale and retail
+store area, 12.4 pct, as new department stores and supermarkets
+are built and old ones are remodelled.
+    The Bank though expressed concern at a slowing of corporate
+investment that would help restructure the Japanese economy and
+urged government deregulation and other action to offset this.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14174" NEWID="8653">
+<DATE>24-MAR-1987 06:37:49.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0449&#31;reute
+u f BC-THAI-INTERNATIONAL-BU   03-24 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI INTERNATIONAL BUYS TWO DC 10-30S</TITLE>
+<DATELINE>    BANGKOK, March 24 - </DATELINE><BODY>The Cabinet approved a plan for
+state-owned &lt;Thai Airways International Ltd> to buy two new DC
+10-30 extended range planes for 126 mln dlrs, a government
+spokesman said.
+    He said Thai International will put the two aircraft on its
+Bangkok-Europe service as part of a 1988-1991 expansion plan.
+    The purchase of the new 'planes, due to be delivered late
+this year, is being partly financed by 62 mln dlrs from the
+airline's sale of its two old DC 10-30s to the Scandinavian
+Airline System.
+    The spokesman said the remaining 64 mln dlr cost of the new
+DCs is expected to be met by Thai International's own budget.
+    He said the national carrier was told by the Cabinet to
+consider seeking a foreign loan to finance the acquisition.
+    The government also asked Thai International to cooperate
+with the finance and communications ministries in reviving a
+Cabinet plan for the airline to raise its capital through a
+public flotation, the spokesman said.
+    He said a Cabinet decision in February 1986 called on Thai
+International to float up to 29 pct of the company, a proposal
+aimed at helping the airline meet its four-year expansion plan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14175" NEWID="8654">
+<DATE>24-MAR-1987 06:47:25.04</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0464&#31;reute
+u f BC-GERMAN-FEB-SUGAR-STOC   03-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN FEB SUGAR STOCKS UP IN YEAR, DOWN IN MONTH</TITLE>
+<DATELINE>    BONN, March 24 - </DATELINE><BODY>West German sugar stocks rose to 2.60 mln
+tonnes, white value, at the end of February from 2.50 mln at
+the same time a year earlier, the sugar industry association
+WVZ said.
+    However, stocks were well below the 2.82 mln held at the
+end of January.
+    Sugar exports between October 1 and February 28 rose to
+449,253 tonnes from 435,727 in the same period of 1985/86.
+Sales to non-European Community countries rose to 419,541
+tonnes from 349,511, while sales within the EC fell sharply to
+29,712 tonnes from 86,216.
+    Imports in October-February fell to 59,605 tonnes from
+76,044 in the same months a year earlier, the sugar industry
+association said.
+    Human sugar consumption in October-February rose to 817,856
+tonnes from 799,128 in the year-ago period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14176" NEWID="8655">
+<DATE>24-MAR-1987 06:50:46.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0467&#31;reute
+u f BC-FERRANTI-UNIT-LANDS-M   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERRANTI UNIT LANDS MULTI MLN DLR CONRTACT</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Ferranti Plc &lt;FNTI.L> said its Edinburgh
+based electro-optics department of Ferranti Defence Systems Ltd
+has secured a multi mln dlr contract to supply laser
+rangefinders for the Canadian Forces Low Level Air Defense
+System.
+    The first production order for 38 of the type 629G lasers
+has been placed by &lt;Martin Marietta> of the U.S., A
+subcontractor to &lt;Orelikon Aerospace Incorporated> of Canada,
+the prime contractor for the system. Some 300 further orders
+are anticipated as the programme proceeds.
+    Ferranti shares were 2p firmer at 134 after the news.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14177" NEWID="8656">
+<DATE>24-MAR-1987 06:52:57.52</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>belgium</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0470&#31;reute
+r f BC-PORTUGUESE-GRAIN-AGEN   03-24 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGUESE GRAIN AGENCY BAN TO REMAIN - EC SOURCES</TITLE>
+<DATELINE>    BRUSSELS, March 24 - </DATELINE><BODY>A ban by a Portuguese court on the
+state buying agency EPAC taking part in cereals import tenders
+open to private traders will remain unless it is reversed in
+Portugal or challenged in the European Court of Justice,
+European Commission sources said.
+    They denied a statement yesterday by Portuguese Agriculture
+Minister Alvaro Barreto that the commission had accepted that
+EPAC should be eligible, saying it had taken no view in the
+matter.
+    Under the terms of Portugal's accession to the European
+Community, a grain import monopoly held by EPAC is being
+reduced by 20 pct annually until all imports are liberalised in
+1990.
+    Lisbon's civil court decided in a preliminary ruling
+earlier this month that EPAC should not be allowed to take
+part, as it had done in the past, in tenders for the
+liberalised share of annual grain imports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14178" NEWID="8657">
+<DATE>24-MAR-1987 07:09:25.92</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0488&#31;reute
+r f BC-BANK-OF-JAPAN-STEPS-U   03-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN STEPS UP DOLLAR BUYING</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>The Bank of Japan stepped up its dollar
+buying as it re-entered the market after the midday Tokyo lunch
+break, dealers said.
+    They said the bank seemed more determined to support the
+dollar than it did this morning.
+    Several dealers said the central bank intervened this
+afternoon when the dollar stood around 149 yen.
+    One said it purchased 150 to 200 mln dlrs in the half-hour
+since the market re-opened after its lunchtime closure. Another
+said the bank still has buying orders in the market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14179" NEWID="8658">
+<DATE>24-MAR-1987 07:09:47.38</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0491&#31;reute
+r f BC-SUMITA-SAYS-BANK-WILL   03-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITA SAYS BANK WILL INTERVENE IF NECESSARY</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Bank of Japan Governor Satoshi Sumita
+said in a statement the central bank will intervene in foreign
+exchange markets to stabilise exchange rates if necessary in
+close cooperation with other major industrial nations.
+    Sumita said the Bank will take adequate measures including
+market intervention, if necessary, in line with the February 22
+Paris agreement by six major industrial nations.
+    Canada, Britain, France, Japan, the U.S. And West Germany
+agreed to cooperate in stabilising exchange rates around
+current levels. Sumita's statement was issued after the dollar
+slipped below 150 yen to hit a record low of 148.40.
+    "It is inevitable that exchange rates fluctuate under the
+system of floating rates," Sumita said.
+    The fact the dollar plunged below 150 yen does not mean
+anything significant under the floating system, he said.
+    The six nations agreed in Paris exchange rates prevailing
+then were broadly consistent with underlying economic
+fundamentals and further substantial rate shifts could damage
+growth and adjustment prospects in their countries, the Paris
+statement said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14180" NEWID="8659">
+<DATE>24-MAR-1987 07:10:26.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0494&#31;reute
+r f BC-AMERICAN-CAN-ISSUING   03-24 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CAN ISSUING 150 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>American Can Co &lt;AC.N> is issuing a 150
+mln dlr convertible eurobond due April 22, 2002 carrying an
+indicated coupon of 5-1/2 to 5-7/8 pct priced at par, lead
+manager Morgan Stanley International said.
+    Terms will be set this week with a conversion premium of 25
+to 28 pct. The bond is available in denominations of 1,000 and
+10,000 dlrs and be listed in Luxembourg.
+    There is no call for three years, subsequently at par plus
+the coupon, declining by equal amounts per annum until 1997.
+    Fees comprise 1-1/2 pct selling concession and one pct
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14181" NEWID="8660">
+<DATE>24-MAR-1987 07:11:07.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0495&#31;reute
+u f BC-SECOND-PAKISTAN-BOMBI   03-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECOND PAKISTAN BOMBING KILLS 22</TITLE>
+<DATELINE>    ISLAMABAD, March 24 - </DATELINE><BODY>Afghan warplanes killed 22 people in
+a second bombing in as many days of a remote Pakistani village
+near the Afghan border, official Radio Pakistan said.
+    The radio said the six planes attacked Angur Adar in the
+South Waziristan area. Afghanistan has denied previous charges
+of bombing Pakistani territory.
+    Officials said the death toll from yesterday's Afghan
+bombing in Teri Mangal to the north had risen to at least 70 as
+more bodies were recovered. Fifty-one people were reported
+killed yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14182" NEWID="8661">
+<DATE>24-MAR-1987 07:11:37.16</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0496&#31;reute
+r f BC-CBI-SURVEY-POINTS-TO   03-24 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBI SURVEY POINTS TO SURGE IN U.K. OUTPUT</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>British manufacturers expect output to
+grow rapidly in the four coming months, a Confederation of
+British Industry (CBI) survey shows.
+    The CBI's monthly trends survey for March shows that 43 pct
+of the 1,685 polled U.K. Firms expect to raise output in the
+next four months. Only nine pct expect output to fall while 47
+pct said production would likely remain unchanged.
+    The CBI said the positive balance between firms expecting
+production to rise and those forecasting a fall, at 34 pct, was
+the highest such figure recorded since 1977.
+    In the CBI's February survey, 37 pct of companies expected
+a rise in output while 54 pct forecast production would remain
+at present levels and eight pct expected production to drop.
+    The survey also showed that 23 pct of the polled companies
+consider current order books to be above normal while 58 pct
+view them as normal and only 19 pct regard them as below
+normal.
+    This was the highest positive balance since the question
+was first asked more than 10 years ago, the CBI said.
+    In February, the figures were 24 pct, 22 pct and 54 pct
+respectively.
+    Companies also rated their export possibilities higher. Of
+all polled companies, 23 pct rated their export order books to
+be above normal and 53 pct described them as normal while only
+23 pct believed export orders were below normal levels.
+    In February, 25 pct thought their export books were below
+normal and 50 pct believed them to be about normal. At 23 pct,
+the proportion of companies rating their export books above
+normal was unchanged between February and March.
+    On prices, the survey showed that 62 pct of companies
+expect average prices at which domestic orders are booked will
+remain unchanged in the coming four months, up from 57 pct in
+February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14183" NEWID="8662">
+<DATE>24-MAR-1987 07:14:00.22</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0503&#31;reute
+u f BC-YEUTTER-SEES-GATT-CON   03-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER SEES GATT CONSENSUS ON FARM TRADE REFORM</TITLE>
+<AUTHOR>    By Graham Hillier, Reuters</AUTHOR>
+<DATELINE>    TAUPO, New Zealand, March 24 - </DATELINE><BODY>U.S. Trade Representative
+Clayton Yeutter said trade ministers meeting here have reached
+a general consensus on agricultural trade reform under the
+latest Uruguay round of the General Agreement on Tariffs and
+Trade (GATT).
+    Yeutter gave no precise details of the understanding but
+told journalists the consensus covers the principles involved
+in agricultural trade reform and what needs to be done to
+improve the global situation in agriculture.
+    Delegates from 22 countries are meeting informally to
+discuss progress made since the latest GATT round was launched
+in Punta del Este, Uruguay, last September.
+    Yeutter said "at least people seem to be going down the same
+road...But how that translates ultimately into negotiations is
+another matter entirely."
+    There seems to be an understanding of the need to deal with
+the problem quickly and "a more common understanding of how we
+are going to get from here to there," Yeutter said.
+    However, the hard work is still to come, with a couple of
+years of tough negotiations ahead, he said.
+    "It is ludicrous for the nations of the world to plough
+immense amounts of financial resources into the production of
+items that nobody wants to buy," he said.
+    He said the long-term answer is to switch some of the
+financial resources now committed to agriculture to other more
+productive areas. This would help agriculture because some its
+inefficient non-productive segments would stop operating, he
+said.
+    Individual segments in many countries may lose in the
+process, but it should result in a more rational system of
+world-wide production within 10 or 15 years, he said.
+    It is important that the agriculture negotiations reach a
+relatively early conclusion because the U.S. Is spending 26
+billion dlrs a year and the European Community probably more
+than that, which is an ineffective use of financial resources,
+he said.
+    Asked about the prospect of a priority for agriculture in
+the negotiations, he said "one has to be politically
+realistic... If there is any chance of getting it (agricultural
+trade reform) done in two to three years it's going to have to
+be as part of a larger package."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14184" NEWID="8663">
+<DATE>24-MAR-1987 07:15:16.55</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D><D>tamura</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0512&#31;reute
+r f BC-NAKASONE-INTERVENES-I   03-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE INTERVENES IN MICROCHIP DISPUTE</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone
+intervened to try to resolve Japan's escalating dispute with
+the U.S. Over semiconductor trade, government officials said.
+    At today's Cabinet meeting, Nakasone told Trade and
+Industry Minister Hajime Tamura to redouble his efforts to calm
+U.S. Anger over what it sees as Japan's unfair trade practices
+in semiconductors.
+    Nakasone intervened only two days before a scheduled
+meeting of the Reagan administration's Economic Policy Council
+to consider whether Japan is reneging on its microchip pact
+with the U.S.
+    That pact, agreed last year after months of negotiations,
+calls on Japan to stop selling cut-price chips in world markets
+and to raise its imports of U.S. Semiconductors.
+    Senior U.S. Officials have accused Tokyo of failing to live
+up to the accord and have threatened retaliatory action.
+    Yesterday, Tamura's Ministry of International Trade and
+Industry (MITI) launched a last-ditch attempt to salvage the
+pact by writing letters to U.S. Policy makers setting out
+Japan's case and telling Japanese chip makers to cut output.
+    In his letter, the contents of which were released today,
+Tamura said a MITI survey carried out at the beginning of March
+showed Japanese producers were not selling at cut-rate prices
+in Asian markets.
+    In a separate letter sent to senior U.S. Officials, MITI
+vice minister for international affairs Makoto Kuroda suggested
+the two countries could conduct a joint investigation into
+allegations of Japanese chip dumping in such markets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14185" NEWID="8664">
+<DATE>24-MAR-1987 07:16:46.69</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0517&#31;reute
+r f BC-DOUBTS-ABOUT-ACCORD-S   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOUBTS ABOUT ACCORD SEEN WEAKENING DOLLAR FURTHER</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>The dollar is expected to decline further
+in coming days as scepticism mounts about the effectiveness of
+last month's Paris accord to stabilise currency exchange rates,
+senior foreign exchange dealers said.
+    Following its fall today to a record 148.40 yen, dealers
+said they expect the dollar to establish a new trading range of
+147 to 150 yen before the market again tries to push it down.
+Behind the latest dollar fall lies the belief that last month's
+accord was no longer enough to stop operators pushing the
+dollar down, the dealers said.
+    "The recent remark by U.S. Treasury Secretary James Baker
+that the Paris accord did not set any target ranges for major
+currencies has cast a shadow on the agreement," said Koji
+Kidokoro, general manager of Mitsui Bank Ltd's treasury
+division.
+    He said the market interpreted this as indicating the U.S.
+Would favour a weaker dollar and it had little intention of
+intervening to support the currency.
+    "This eliminated the widespread market caution against
+possible joint central bank intervention," Kidokoro said.
+    Dealers said the dollar had gathered renewed downward
+momentum and that Bank of Japan intervention alone could hardly
+contain a further slide in the currency.
+    They said the central bank bought between one to 1.5
+billion dlrs today, including direct purchases through brokers,
+and yesterday it might have bought a small amount of dollars
+through the U.S. Central bank in New York.
+    Most dealers said they doubted the U.S. Federal Reserve
+would intervene on its own account to support the dollar, but
+some said this might occur if the dollar fell much below 148
+yen.
+    "If the dollar drops to that low level, it could reduce the
+flow of foreign capital into U.S. Securities, which the
+Americans don't want," said Haruya Uehara, chief money market
+manager of Mitsubishi Trust and Banking Corp.
+    He said the dollar may return to around 152 yen next month
+when corporations reduce their dollar sales after they close
+their books for the 1986/87 business year ending on March 31.
+    But dealers said the longer-term outlook for the dollar
+remained bearish. This was due to the lacklustre performance of
+the U.S. Economy, the continuing U.S. Trade deficit and
+Japanese delays in announcing an economic stimulation package.
+    "The Americans are getting frustrated at Japan's inertia in
+stimulating its economy," said Hirozumi Tanaka, assistant
+general manager of Dai-Ichi Kangyo Bank Ltd's international
+treasury division.
+    In the Paris currency accord Japan promised a package of
+economic measures, after the fiscal 1987 budget was passed, to
+boost domestic demand, increase imports, and thus reduce its
+trade surplus. The package was expected in April, but debate on
+the budget has been delayed by an opposition boycott of
+parliamentary business over the proposed introduction of a
+sales tax.
+    In the circumstances the government had only a slim chance
+of producing a meaningful economic package in the near future,
+Dai-Ichi Kangyo's Tanaka said.
+    Dealers said if steps are not taken to stimulate the
+Japanese economy protectionist sentiment in the U.S. Congress
+would grow and put more downward pressure on the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14186" NEWID="8665">
+<DATE>24-MAR-1987 07:17:06.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0520&#31;reute
+f f BC-Prudential-Corp-1986   03-24 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Prudential Corp 1986 pretax profit 178.1 mln stg vs 110.1 mln
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14187" NEWID="8666">
+<DATE>24-MAR-1987 07:17:53.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0524&#31;reute
+r f BC-NIPPON-LIFE,-SHEARSON   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON LIFE, SHEARSON TIE-UP SEEN SETTING TREND</TITLE>
+<AUTHOR>    By Steven Brull, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Nippon Life Insurance Co's 538 mln dlr
+purchase of a 13 pct stake in Shearson Lehman Brothers Inc
+brokerage unit is a shrewd move that other Japanese insurers
+are likely to follow, securities analysts said.
+    The investment in one of Wall Street's top brokerage houses
+is likely to pay off in dollars and international market
+position, they said. "It's part of a trend towards growing
+capital participation by Japanese insurance firms in foreign
+financial institutions," said Simon Smithson, an analyst with
+Kleinwort Benson International Inc in Tokyo.
+    The investment in Shearson Lehman, a growing firm described
+by some analysts as the top U.S. Retail brokerage, will give
+Nippon Life a ringside seat and possibly lower commissions on
+Wall Street, where it invests an increasing percentage of its
+assets of 90.2 billion dlrs, they said.
+    Nippon Life staff will also acquire expertise in business
+sectors which have not yet opened up in Japan, they added.
+    The agreement between the two companies calls for a 50-50
+joint venture in London focussing on investment advisory asset
+management, market research, and consulting on financing.
+    Nippon Life is Japan's largest insurance company and the
+world's biggest institutional investor, analysts said.
+    The Japanese finance ministry is expected to approve the
+deal in April, making Nippon Life the first Japanese life
+insurance firm to take a stake in a U.S. Financial firm.
+    The limit on foreign assets as a proportion of Japanese
+insurers' assets was increased to 25 pct from 10 pct last year.
+Since then, they have stepped up purchases of foreign stocks
+and sought to deepen their understandng of foreign markets and
+instruments.
+    Last year, a Sumitomo Life Insurance Co official was
+appointed to E.F. Hutton Group Inc unit E.F. Hutton and Co's
+board and Sumitomo Bank Ltd spent 500 mln dlrs to become a
+limited partner in Goldman, Sachs and Co.
+    Smithson said Japanese banks started buying smaller and
+problem-plagued banks in 1984. "But now Japanese are going for
+blue-chip organisations," he said.
+    "It's a reflection of what has happened in manufacturing
+industries," said Brian Waterhouse at James Capel and Co. "With a
+historically high yen, and historically low interest rates,
+there's an increasing disincentive to invest in Japan."
+    Competition in fund management has grown along with greater
+Japanese savings. The typical salaried employee has 7.33 mln
+yen in savings, reflecting an annual average savings rate of 17
+to 18 pct, he said.
+    To stay competitive, fund managers must invest overseas and
+gain experience with financial instruments which are likely to
+spread to Japan with further deregulation. "The high regulatory
+environment has delayed (life insurance firms')
+diversification. Now there's a growing number of new products
+in an environment of increasing competition for performance on
+fund management," Smithson said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14188" NEWID="8667">
+<DATE>24-MAR-1987 07:20:06.59</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0533&#31;reute
+r f BC-CANADA-OUTLINES-GATT   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA OUTLINES GATT AGRICULTURAL REFORM PLAN</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 24 - </DATELINE><BODY>Canadian Trade Minister Pat
+Carney said that agricultural policies should not hurt world
+international trade and should therefore become more price
+responsive over time.
+    She told delegates at the informal meeting of trade
+ministers that this was one of five principles Canada wanted
+adopted in reforming agriculture in the General Agreement on
+Tariffs and Trade (GATT). Secondly, support for agriculture
+should avoid production incentives, and thirdly, countries
+should freeze and seek to reduce government aid measures that
+distorted world prices, Carney said.
+    Carney said the fourth principle was that countries should
+not introduce new import barriers not mandated by existing
+legislation and the fifth was that these basic principles must
+be implemented collectively.
+    Carney later told Reuters the Canadian guidelines are
+basically compatible with the seven point Australian proposals
+announced in Davos, Switzerland, in January.
+    European trade sources said the conference welcomed the
+Canadian initiative but some delegates, and not only the
+European Community, voiced reservations about some of the
+principles.
+    Carney said there was a lot of political will among the
+ministers here to complete the Uruguay Round of GATT in under
+four years and that there is also a realisation that it has to
+be done in a balanced way.
+    "The consensus view was to proceed as fast as we can on a
+broad front and see what areas emerge where we can get early
+conclusion," she said.
+    However, the meeting did not identify what those areas are,
+Carney said.  She said Canada/U.S. Bilateral trade
+negotiations, which must be concluded at least in draft form by
+October, are progressing well.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14189" NEWID="8668">
+<DATE>24-MAR-1987 07:21:04.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0536&#31;reute
+b f BC-PRUDENTIAL-CORP-PLC-&lt;   03-24 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRUDENTIAL CORP PLC &lt;PRUL.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 24 -
+    </DATELINE><BODY>Shr 34.5p vs 24.5p adjusted
+    Div 19p making 29p vs 24.8p adjusted
+    Pretax profit 178.1 mln vs 110.1 mln
+    Tax and minorities 60.5 mln vs 32.7 mln
+    Profit attributable 117.6 mln vs 77.4 mln
+    Pretax profit includes -
+    Long term business 145.5 mln vs 137.7 mln
+    General insurance business -
+    Underwriting loss 99.9 mln vs 131.6 mln
+    Investment income 94.8 mln vs 78.2 mln
+    Trading loss 5.1 mln vs 53.4 mln
+    Investment management, U.K. 6.4 mln vs 1.6 mln
+    Shareholders' other income 31.3 mln vs 24.2 mln
+    Pretax profit by division includes -
+    U.K. Individual division 97.1 mln vs 89.5 mln
+    U.K. Group pensions 10.5 mln vs 10.6 mln
+    International 13.4 mln vs 12.4 mln
+    Mercantile and General 24.5 mln vs 25.2 mln
+    Prudential Portfolio managers 6.4 mln vs 1.6 mln
+    Prudential Property Services 2.1 mln loss vs nil
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14190" NEWID="8669">
+<DATE>24-MAR-1987 07:21:18.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0537&#31;reute
+h f BC-PHILIPPINES-SAID-TO-R   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES SAID TO RAISE INTEREST OFFER TO BANKS</TITLE>
+<DATELINE>    MANILA, March 24 - </DATELINE><BODY>Prospects of an agreement on
+rescheduling about 9.4 billion dlrs of Philippine foreign debt
+have increased following the offer of a higher interest rate by
+Manila officials, foreign banking sources said.
+    The sources said Finance Secretary Jaime Ongpin made the
+proposal to a 12-bank advisory committee, chaired by
+Manufacturers Hanover Trust Co as the talks entered their
+fourth week in New York.
+    They said the Philippines was now willing to pay a spread
+of 7/8 percentage points over London Interbank Offered Rates
+(Libor), up from the 5/8 points it originally proposed.
+    The sources said the proposal was made in a bid to break a
+deadlock with the banks, who were insisting on a minimum
+interest spread of one full percentage point over Libor.
+    They noted that the latest plan marked a compromise between
+the two sides' demands, but fell short of Ongpin's assertion
+that the Philippines would insist on a deal better than the
+13/16 percentage points offered to Mexico last year by its
+creditor banks.
+    The sources added that two key members of the negotiating
+team returned to Manila last night, indicating agreement was
+likely to be hammered out by this weekend.
+    The sources said Finance Undersecretary Ernest Leung and
+Deputy Central Bank Governor Edgardo Zialcita left New York
+after Ongpin and Central Bank Governor Jose Fernandez started
+talks with the banks to put finishing touches to the accord.
+    "The talks are now in a make-or-break phase," the sources
+said. "All that is left are the wrinkles -- unless some bank
+again decides to hang tough."
+    They were referring to the last round of negotiations in
+November 1986, when one bank, identified as Citibank NA,
+refused to endorse the committee's proposal of 1-1/8 points
+over Libor.
+ REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14191" NEWID="8670">
+<DATE>24-MAR-1987 07:23:08.00</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0542&#31;reute
+u f BC-MAJOR-NATIONS-MUST-AC   03-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR NATIONS MUST ACT ON CURRENCIES - MIYAZAWA</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said the
+time has come for major industrialised nations to take action
+on exchange rates in line with their agreement last month in
+Paris.
+    In Paris, Britain, Canada, France, Japan, the U.S. And West
+Germany agreed to coooperate to hold currency rates around
+their then current levels.
+    Miyazawa would not say what specific measures major nations
+would take, but told reporters the measures had been discussed
+in Paris. The dollar fell to a record low against the yen this
+morning, piercing the 150 yen barrier.
+    Asked if major nations were now negotiating on what
+measures to take, Miyazawa said they were not as measures had
+already been agreed in Paris.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14192" NEWID="8671">
+<DATE>24-MAR-1987 07:23:18.87</DATE>
+<TOPICS><D>ipi</D><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0543&#31;reute
+d f BC-JAPAN-ECONOMY-MAY-STA   03-24 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ECONOMY MAY START BOTTOMING OUT SOON -AGENCY</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Japan's economy remains sluggish but is
+beginning to show signs it may bottom out soon, the Economic
+Planning Agency said in a monthly report submitted to Cabinet
+ministers.
+    But a bottoming out of the economy depends largely on the
+yen's exchange rate trend in the immediate future, Agency
+officials said.
+    The officials told reporters industrial production, down
+0.5 pct in January from December, is likely to turn positive in
+February and to rise thereafter, raising hopes for a brighter
+economic outlook.
+    The Agency predicted industrial production will grow 2.5
+pct in the current January/March quarter after falling 0.7 pct
+in the previous quarter.
+    A rise of this size would be the largest since the fourth
+quarter of 1984 when industrial output rose 2.7 pct, the
+officials said.
+    They also said an expected upturn in exports would be a
+mixed blessing as it would contribute to economic growth but
+would increase the chance of trade friction.
+    Japanese exports contracted five pct in February from
+January but are likely to grow from March if the yen stabilizes
+around current levels, the officials said.
+    They predicted exports will increase by 2.3 pct in the
+January/March quarter from the October/December quarter.
+    "But the problem is imports are not expanding," said one
+official. Imports fell by 9.4 pct in February from January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14193" NEWID="8672">
+<DATE>24-MAR-1987 07:23:45.06</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0545&#31;reute
+u f BC-KUWAIT-SAYS-OPEC-2.4   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT SAYS OPEC 2.4 MLN BPD BELOW CEILING</TITLE>
+<DATELINE>    KUWAIT, March 24 - </DATELINE><BODY>Kuwaiti oil minister Sheikh Ali
+al-Khalifa al-Sabah said OPEC was producing well below its oil
+output ceiling and this would help prices move higher,
+according to a Kuwaiti newspaper interview.
+    The al-Rai al-Aam newspaper quoted him as saying OPEC was
+pumping 2.4 mln barrels per day (bpd) less than its 15.8 mln
+bpd ceiling, while consumers were drawing down their petroleum
+stocks at a rate of 4.5 mln bpd.
+    As long as OPEC maintains its output curbs, demand for its
+oil will rise in April and May, Sheikh Ali said, adding that
+Kuwait was strongly committed to its OPEC quota.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14194" NEWID="8673">
+<DATE>24-MAR-1987 07:26:33.86</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0554&#31;reute
+f f BC-******   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank allocates 6.5 billion marks in 28-day repurchase pact at 3.80 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14195" NEWID="8674">
+<DATE>24-MAR-1987 07:26:41.30</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0555&#31;reute
+u f BC-MIYAZAWA-SAYS-U.S.-LI   03-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS U.S. LIKELY TO INTERVENE</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa told
+Parliament's Lower House Finance Committee that the U.S. Is
+expected to intervene in the foreign exchange market to
+stabilise exchange rates, political sources said.
+    Asked if the U.S. Federal Reserve Board agreed in Paris
+last month to intervene to stabilise exchange rates, Miyazawa
+said yes, the sources said.
+    Miyazawa was also quoted as saying that he is sceptical
+about the effectiveness of currency reference ranges even if
+major nations agree on such an idea as it is extremely
+difficult to set such ranges.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14196" NEWID="8675">
+<DATE>24-MAR-1987 07:27:15.64</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>kuwait</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0556&#31;reute
+u f BC-U.S.-OFFERS-TO-ESCORT   03-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OFFERS TO ESCORT KUWAITI TANKERS IN GULF</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>The U.S. Has offered warships to
+escort Kuwaiti tankers in the Gulf past Iranian anti-ship
+missile batteries, Defence Department officials said.
+    The officials told Reuters yesterday the offer was made
+last week by Navy Admiral William Crowe, chairman of the
+Pentagon Joint Chiefs of Staff, during a Middle East visit.
+    Reagan administration officials said later that Washington
+did not seek military confrontation with Tehran, but would not
+let Iran use Chinese-made "Silkworm" anti-ship missiles, capable
+of covering the narrow entrance to the Gulf, to choke oil
+shipments to the West.
+    Defence officials said Kuwait had asked if protection for
+up to a dozen vessels, most of them tankers, could be provided
+by three U.S. Navy destroyers and two frigates now in the
+southern Gulf and the Gulf of Oman.
+    In addition to a half dozen ships in the U.S. Navy's small
+Mideast Task Force near the Straits of Hormuz, the Pentagon has
+moved 18 warships, including the aircraft carrier Kitty Hawk,
+into the northern Arabian Sea in the past month.
+    White House and defence officials said that massing the
+fleet was routine and had nothing to do with the Iran-Iraq war
+or Iran's stationing of missiles near the mouth of the Gulf.
+    The State Department said on Friday that Iran has been told
+about U.S. Concern over the threat to oil shipments in the
+Gulf. The communication was sent through Switzerland, which
+represents U.S. Interests in Iran.
+    Iran denied as baseless reports that it intended to
+threaten shipping in the Gulf and said any U.S. Interference in
+the region would meet a strong response, Tehran Radio said on
+Sunday.
+    Several hundred vessels have been confirmed hit in the Gulf
+by Iran and Iraq since early 1984 in the so-called tanker war,
+an offshoot of their 6-1/2-year-old ground conflict.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14197" NEWID="8676">
+<DATE>24-MAR-1987 07:28:28.39</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0560&#31;reute
+u f BC-YEUTTER-SAYS-U.S.-JAP   03-24 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER SAYS U.S.-JAPAN TRADE DIFFICULTIES REMAIN</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 24 - </DATELINE><BODY>U.S. Trade Representative
+Clayton Yeutter said he was unsure whether some of the trade
+issues straining U.S.-Japanese relations would be resolved
+before the two countries open trade talks in late April.
+    "We are having high level discussions on them (the issues)
+within the United States...The relationship on some of those is
+very strained between us (Japan) at the moment and we need to
+relieve those strains at the earliest possible date," he said.
+    "I am not sure we can wait until late April," he added.
+    Yeutter is in New Zealand for a two-day informal meeting of
+trade ministers who are reviewing the Uruguay round of the
+General Agreement on Trade and Tariffs (GATT).
+    He said he will meet the Japanese delegation over the next
+few days but declined to discuss methods of relieving the
+strain between the two countries.
+    Yeutter said earlier the three most contentious trade
+issues were semiconductors, Japanese government unwillingness
+to allow public entities to buy U.S. Super-computers and the
+barring of U.S. Firms from the eight billion U.S. Dlr Kansai
+airport project near Osaka.
+    The Japanese delegation to the GATT talks said in a
+statement yesterday they are making major efforts to dismantle
+trade barriers in their country.
+    "I am convinced that they are attempting to move their
+policies in the right direction. The question is how far and
+how fast," Yeutter said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14198" NEWID="8677">
+<DATE>24-MAR-1987 07:29:11.71</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0564&#31;reute
+b f BC-BUNDESBANK-ALLOCATES   03-24 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK ALLOCATES 6.5 BILLION MARKS IN TENDER</TITLE>
+<DATELINE>    FRANKFURT, March 24 - </DATELINE><BODY>The Bundesbank accepted bids for 6.5
+billion marks at today's tender for a 28-day securities
+repurchase pact at a rate of 3.80 pct, a central bank spokesman
+said.
+    Banks, which bid for a total 8.6 billion marks liquidity,
+will be credited with the funds allocated tomorrow and must buy
+back securities pledged on April 22.
+    The allocation was in line with market expectations the
+Bundesbank would provide more than the 3.4 billion marks
+draining from this week as an earlier facility expires.
+    Call money fell to 3.60/70 pct ahead of the allocation from
+3.75/85 pct yesterday, dealers said.
+    The excess allocation compensates for public funds leaving
+the system which the Bundesbank added last week via
+government-owned banks.
+    However major tax payments by banks on behalf of customers
+drew to a close this week, lessening the need for liquidity.
+    The call money declines surprised some dealers, who
+speculated it was because the Bundesbank disbursed further
+government funds today. However, most said this had not
+occurred.
+    Banks were well stocked with liquidity, having 47.1 billion
+marks in minimum reserves at the Bundesbank on Friday, up from
+49.9 billion on Thursday. Average daily reserves over the first
+20 days of the month fell to 52.6 billion from 53.1 billion.
+For all of March, banks would be required to hold net daily
+average reserves of 50.7 billion marks, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14199" NEWID="8678">
+<DATE>24-MAR-1987 07:29:56.82</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0566&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-24 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 115 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with 115 mln stg assistance in the morning
+session. This compares with the Bank's forecast of a 300 mln
+stg shortage in the system today.
+    The central bank bought bills outright in band two at
+9-13/16 pct comprising 73 mln stg bank bills and 42 mln stg
+local authority bills.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14200" NEWID="8679">
+<DATE>24-MAR-1987 07:30:06.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0567&#31;reute
+u f PM-BLAST   03-24 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOMB EXPLODES AT BRITISH ARMY BASE, 30 INJURED</TITLE>
+<DATELINE>    BONN, March 24 - </DATELINE><BODY>A huge car bomb exploded at the
+headquarters of the British Army of the Rhine last night,
+injuring about 30 people just hours after British Prime
+Minister Margaret Thatcher left the West German capital.
+    A British Army spokeswoman said today that seven people
+were still being treated for minor injuries in hospitals in the
+Moenchengladbach area, near the Rheindahlen base, after being
+being hit by flying shards of glass from the blast.
+    The 100-kg bomb went off outside an officers' mess at 10.30
+P.M. (2130 GMT), ripping a crater half a meter (1.5 feet) deep
+and three meters (nine feet) wide in the ground, and could be
+heard several kilometers (miles) away, a police spokesman said.
+    An anonymous caller, speaking English, telephoned the West
+German domestic news agency Deutsche Presse Agentur just before
+the explosion and said a bomb was about to go off at the base.
+    Thatcher left Bonn early yesterday evening after talks with
+with Chancellor Helmut Kohl ahead of her visit to Moscow next
+week. She had flown to West Germany from talks with French
+President Francois Mitterrand in Normandy earlier in the day.
+    Officers of the Nato Northern Army Group, which is also
+based at Rheindahlen, were holding a social dinner attended by
+British and West German servicemen and their wives inside the
+mess when the bomb went off.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14201" NEWID="8680">
+<DATE>24-MAR-1987 07:33:15.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE><D>du-plessis</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0576&#31;reute
+u f BC-SOUTH-AFRICA-SETS-NEW   03-24 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA SETS NEWS CONFERENCE ON DEBT</TITLE>
+<DATELINE>    PRETORIA, March 24 - </DATELINE><BODY>South Africa will disclose later today
+new arrangements for its repayment of foreign debt, the Finance
+Ministry said.
+    Finance Minister Barend du Plessis will announce details at
+a news conference at 1500 gmt, a spokesman said.
+    Sources close to the ministry said South African
+negotiators had worked out a favorable agreement on repayment
+of 13 billion dlrs of debt after a standstill agreement expires
+on June 30.
+    The sources said a South African delegation led by chief
+debt negotiator Chris Stals, director-general of finance, was
+completing meetings in London today with foreign creditor
+banks.
+    "As far as South Africa is concerned, it looks like very
+good news," one source said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14202" NEWID="8681">
+<DATE>24-MAR-1987 07:34:07.31</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0579&#31;reute
+r f BC-FRENCH-EMPLOYERS-CHIE   03-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH EMPLOYERS CHIEF SEES HOPE FOR GROWTH</TITLE>
+<DATELINE>    PARIS, March 24 - </DATELINE><BODY>The 1992 deadline for abolishing economic
+barriers within the European Community should help French
+economic growth and create jobs, president of the French
+employers' federation CNPF Francois Perigot said.
+    "Having a market at our disposal which is as homogeneous and
+accessible as that of Europe is an incredible piece of luck," he
+told Le Figaro in an interview.
+    He said that the majority of French business leaders were
+enthusiastic about the abolition of barriers and saw it as an
+opportunity rather than a danger for their companies.
+    "It can permit us to return to a growth rate which is much
+better than we could achieve in isolation. We know that we have
+to reestablish growth at three pct a year to solve the enormous
+problems confronting us -- and I am referring mainly to
+unemployment," Perigot added.
+    Finance Minister Edouard Balladur said yesterday that
+French growth would be just two pct this year, the same as last
+year and compared with the government's original 2.8 pct
+target.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14203" NEWID="8682">
+<DATE>24-MAR-1987 07:34:49.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0583&#31;reute
+b f BC-EUROFIMA-ISSUES-125-M   03-24 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROFIMA ISSUES 125 MLN ECU 10-YEAR EUROBOND</TITLE>
+<DATELINE>    PARIS, March 24 - </DATELINE><BODY>Eurofima is issuing a 125 mln ECU, 7-3/8
+pct bond due March 3, 1997 at 101-1/2 pct, lead manager Societe
+Generale said.
+    Fees are 1-1/4 pct for selling and 3/8 pct each for
+management and underwriting including a 1/8 pct praecipuum.
+    The non-callable deal of unsecured, unsubordinated debt is
+in denominations of 1,000 and 10,000 ECUs and will be listed in
+Luxembourg. Payment date is April 21 giving a short first
+coupon. Co-lead managers are DBCM and SBCI.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14204" NEWID="8683">
+<DATE>24-MAR-1987 07:36:44.40</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>ussr</D><D>cuba</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0587&#31;reute
+r f BC-SOVIET-SUGAR-IMPORTS   03-24 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET SUGAR IMPORTS HIGHER IN OCT/NOV</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Soviet sugar imports in October and
+November were significantly higher than in the same period of
+the year before, according to figures received by the
+International Sugar Organization.
+    Imports in October totalled 23,803 tonnes, compared with
+4,685 tonnes in the same month of 1985, while November imports
+were up to 136,029 tonnes from 46,541.
+    For the first 11 months of 1986, Soviet imports totalled
+5.12 mln tonnes, against 4.30 mln in the same period of 1985.
+    The October 1986 import figure consisted entirely of whites
+from Cuba, while the November total was made up of 84,037
+tonnes Cuban whites and 51,992 tonnes whites from Thailand. Of
+the imports in the January/November period, those from Cuba
+were up to 3.81 mln tonnes from 3.65 mln and from Thailand to
+292,808 tonnes from 22,800.
+    Soviet exports also increased in 1986. The January/November
+export total of 289,232 compares with 165,859 tonnes in the
+first 11 months of 1985. Exports in October 1986 were 20,064,
+down from 38,853 a year earlier, while November exports were up
+from 32,796 to 50,855 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14205" NEWID="8684">
+<DATE>24-MAR-1987 07:38:09.98</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0590&#31;reute
+r f BC-WEST-GERMAN-1986-SUGA   03-24 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN 1986 SUGAR OUTPUT RISES</TITLE>
+<DATELINE>    HAMBURG, March 24 - </DATELINE><BODY>West German sugar production last year
+rose 38,000 tonnes to an estimated 3.17 mln tonnes, the
+Agricultural Ministry said.
+    It said the increase was exclusively due to higher beet
+sugar content, which went up to 17.93 pct from 17.3 pct in
+1985.
+    Last year's beet deliveries totalled 20.22 mln tonnes, down
+554,000 tonnes from the previous year.
+    The ministry estimates West Germany's sugar
+self-sufficiency during the current agricultural year
+(July/June) unchanged at 137 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14206" NEWID="8685">
+<DATE>24-MAR-1987 07:40:04.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0593&#31;reute
+b f BC-NORCROS-REJECTS-542.2   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORCROS REJECTS 542.2 MLN STG BID FROM WILLIAMS</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Norcros Plc &lt;NCRO.L> the building
+products and packaging group said its board had no hesitation
+in unanimously rejecting this morning's 542.2 mln stg bid from
+&lt;Williams Holdings Plc>, the industrial holding firm.
+    The company said Williams' 432.7p per share offer was
+unsolicited and unwelcome and significantly undervalues
+Norcros. By 1228 gmt Norcros shares were quoted at 418p, up
+from 397p at yesterday's close. Williams was 15p higher at 765.
+    The Norcros board's detailed views will be sent to
+shareholders when the formal offer document has been issued by
+Williams.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14207" NEWID="8686">
+<DATE>24-MAR-1987 07:52:14.68</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0616&#31;reute
+u f BC-NO-PROOF-OF-MORE-CHER   03-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO PROOF OF MORE CHERNOBYL GRAIN DAMAGE-DIPLOMATS</TITLE>
+<DATELINE>    MOSCOW, March 24 - </DATELINE><BODY>Western agricultural attaches in Moscow
+said they had no evidence to substantiate rumours that last
+April's Chernobyl nuclear disaster had a worse effect on Soviet
+grain than first reported.
+    Current Soviet interest in chartering ships to carry grain
+from the U.S. Helped prompt the rumours on world markets. But
+the diplomats said they had seen no reports in the state press
+and heard no comments from officials to substantiate them.
+    The official media was initially slow in reporting the
+accident but, under Kremlin leader Mikhail Gorbachev's campaign
+for openness, gradually gave more and more details.
+    Land around the nuclear plant was contaminated to varying
+degrees. Some is now being used to grow industrial crops
+instead of grain.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14208" NEWID="8687">
+<DATE>24-MAR-1987 07:55:36.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0621&#31;reute
+b f BC-SCHLESWIG-HOLSTEIN-LB   03-24 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHLESWIG HOLSTEIN LB ISSUES AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    London, March 24 - </DATELINE><BODY>Schleswig-Holstein Landesbank (LB)
+Finance BV is issuing a 30 mln Australian dlr bond due April
+30, 1990 carrying a coupon of 14-5/8 pct and priced at 101-3/8,
+said ANZ Merchant Bank Ltd as lead manager.
+    The securities are guaranteed by parent company,
+Schleswig-Holstein Landesbank Girozentrale and will be listed
+on the Luxembourg Stock Exchange. They are available in
+denominations of 1,000 dlrs.
+    Payment date is April 30. There is a one pct selling
+concession and a 1/2 pct combined underwriting and management
+fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14209" NEWID="8688">
+<DATE>24-MAR-1987 07:56:26.66</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>iran</D><D>bahrain</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0625&#31;reute
+u f BC-IRAN-SAID-TO-TEST-FIR   03-24 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAID TO TEST FIRE SILKWORM MISSILE IN HORMUZ</TITLE>
+<DATELINE>    BAHRAIN, March 24 - </DATELINE><BODY>Iran has test-fired its newly acquired
+Silkworm anti-shipping missile in the Strait of Hormuz and has
+set up at least two land-based launching sites in the area, a
+British naval source in the Gulf said.
+    The source, who declined to be identified, said Iran had
+fired the Chinese-made missile at a hulk off its southern Gulf
+naval port of Bandar Abbas and scored a hit.
+    "These missiles pack a fairly big punch," he told Reuters.
+"There is no doubt they could be used to target (shipping)
+across the Strait of Hormuz."
+    Tension in the Gulf has risen since U.S. Officials last
+week broke the news that Iran had acquired the Silkworm
+missiles.
+    The U.S. Has said it will not allow Iran to use the
+missiles to choke off oil shipments and has offered its
+warships to escort Kuwaiti tankers past the missile batteries.
+    But Tehran denied last Sunday it intended to threaten Gulf
+shipping and warned the U.S. Any interference in the region
+would meet a strong response.
+    The British naval source said the Silkworms were in place
+at at least two sites around the Strait of Hormuz, but would
+not give the exact location.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14210" NEWID="8689">
+<DATE>24-MAR-1987 08:05:35.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0646&#31;reute
+r f BC-MERRILL-LYNCH-&lt;MER>-I   03-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH &lt;MER> IN TALKS ON CANADA PURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Merrill Lynch and Co Inc is holding
+talks on acquiring Canadian brokerage firms, a company
+spokesman told Reuters.
+    He said one of the firms with which Merrill Lynch is
+negotiating is &lt;Burns Fry Corp> of Toronto, which has already
+received an offer from Security Pacific Corp's &lt;SPC> 83 pct
+owned &lt;Hoare Govett Ltd> London-based brokerage unit.  The
+Hoare Govett bid is valued at about 210.4 mln U.S. dlrs.
+    The spokesman said the talks are the result of a change in
+Ontario securities laws that takes effect June 30.
+    Currently, companies outside the Canadian securities
+industry are prohibited from owning more than 10 pct of a
+Canadian broker.  On June 30, 1987, foreign brokers will be
+allowed to own up to 50 pct of Canadian brokers, and the
+percentage will rise to 100 pct a year later.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14211" NEWID="8690">
+<DATE>24-MAR-1987 08:07:19.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0655&#31;reute
+r f BC-MARK-IV-&lt;IV>-STARTS-B   03-24 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARK IV &lt;IV> STARTS BID FOR CONRAC &lt;CAX></TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Mark IV Industries Inc said it has
+started the 25 dlr per share tender offer for all shares of
+Conrac Corp that it announced yesterday afternoon.
+    In a newspaper advertisement, the company said the offer
+and withdrawal rights expire April 20 unless extended.  The
+offer is not conditioned on receipt of any minimum number of
+shares but is conditioned on the arrangement of financing.
+    Mark IV already owns about 9.9 pct of Conrac's 6.8 mln
+shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14212" NEWID="8691">
+<DATE>24-MAR-1987 08:07:26.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0656&#31;reute
+r f BC-ECOLAB-&lt;ECL>-STARTS-B   03-24 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECOLAB &lt;ECL> STARTS BID FOR CHEMLAWN &lt;CHEM></TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Ecolab Inc said it has started its
+previously-announced tender offer for all shares of ChemLawn
+Corp at 36.50 dlrs each.
+    In a newspaper advertisement, the company said the offer
+and withdrawal rights expire April 20 unless extended.  The
+ChemLawn board has approved the tender and a merger at the same
+price that is to follow.
+    Ecolab said the offer is conditioned on receipt of at least
+5,325,000 shares.  ChemLawn now has about 10.0 mln shares
+outstanding.
+    Ecolab said ChemLawn has granted it a conditional option to
+buy all authorized but unissued and unreseved ChemLawn shares
+at 36.50 dlrs each.  The option is exercisable in the event
+that another party were to acquire 20 pct or more of ChemLawn
+by means other than a tender offer for all shares at a higher
+price than Ecolab is offering.
+    The company said if the merger agreement is terminated
+under certain circumstasnces, it will be entitled to receive 20
+mln dlrs in damages from ChemLawn.
+    Ecolab said officers and directors of ChemLawn have granted
+it options to acquire an aggregate of 2,535,435 ChemLawn shares
+or about 24.8 pct for the tender price, again unless a higher
+tender were to be made by another party.
+    Waste Management Inc &lt;WMX> had originally made a hostile
+tender offer of 27 dlrs per share for ChemLawn which ChemLawn
+rejected as inadequate.  On Friday, Waste Management said it
+would raise its bid to 35 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14213" NEWID="8692">
+<DATE>24-MAR-1987 08:15:18.40</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0682&#31;reute
+r f BC-TAIWAN-PROPOSES-FURTH   03-24 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN PROPOSES FURTHER TARIFF CUTS</TITLE>
+<DATELINE>    TAIPEI, March 24 - </DATELINE><BODY>Taiwan said it plans another round of
+tariff cuts, possibly within a month, to try to narrow its
+trade surplus with the U.S.
+    Vice Finance Minister Ronald Ho said a high-level economic
+committee recommended tariff cuts on 66 products requested by
+Washington, including apples, chocolates and fruit juice.
+    Ho said the cuts may come into effect by the end of next
+month.
+    Taiwan's trade surplus with the U.S. Widened in the first
+two months of this year to 2.35 billion dlrs from 1.87 billion
+dlrs in the same period last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14214" NEWID="8693">
+<DATE>24-MAR-1987 08:23:05.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0707&#31;reute
+r f BC-DISNEY-&lt;DIS>-FRENCH-D   03-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DISNEY &lt;DIS> FRENCH DISNEYLAND DEAL DEFINITIVE</TITLE>
+<DATELINE>    BURBANK, Calif., March 24 - </DATELINE><BODY>Walt Disney Co said it has
+signed a definitive agreement with the French government to
+build and operate Euro Disneyland on 5,000 acres at
+Marne-la-Vallee, a new town 20 miles east of Paris.
+    The company said construction is scheduled to start next
+year and the theme park portion of the development -- which
+will also include a resort and recreation complex -- will take
+about four years to build.  The theme park is expected to
+attract at least 10 mln visitors a year, Disney said.
+    The company said Euro Disneyland will offer a Magic Kingdom
+theme park like those at its Anaheim, Calif., Orlando, Fla.,
+and Tokyo complexes and peripheral resort and recreation
+facilities similar to those at Walt Disney World in Orlando.
+    Disney said it will seek other equity investors in Euro
+Disneyland from France and elsewhere in the world.
+    It said provisions for a second theme park on the property
+are included in the understanding with the French government,
+which is selling Disney the land.  In Orlando, Disney also
+operates EPCOT Center.
+    The company said long-term plans include convention
+facilities, a business park, an office complex and other
+related tourist developments.
+    Disney said the French government will extend the Paris
+Metro subway system to the park and build interchanges and
+raods to provide superhighway access.
+    It said it will receive royalties based on gross revenues
+from admissions, food and merchandise and will receive a fee to
+operate Magic Kingdom and other resort elements under a
+management contract.  Disney said Eruo Disneyland will operate
+year-round.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14215" NEWID="8694">
+<DATE>24-MAR-1987 08:23:50.09</DATE>
+<TOPICS><D>cpi</D><D>wpi</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0709&#31;reute
+r f BC-PAKISTAN-CONSUMER-PRI   03-24 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN CONSUMER PRICE INDEX FALLS IN JANUARY</TITLE>
+<DATELINE>    KARACHI, March 24 - </DATELINE><BODY>Pakistan's consumer price index (base
+1975/76) fell to 231.93 in January 1987 from 233.26 in December
+1986, and compared with  223.66 a year ago, the federal Bureau
+of Statistics said.
+    The wholesale price index (same base) rose to 229.83 in
+January from 229.06 in December and compared with  217.97 in
+January 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14216" NEWID="8695">
+<DATE>24-MAR-1987 08:25:11.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0715&#31;reute
+u f BC-ERICSSON-WINS-400-MLN   03-24 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERICSSON WINS 400 MLN CROWN ALGERIAN ORDER</TITLE>
+<DATELINE>    STOCKHOLM, March 24 - </DATELINE><BODY>L M Ericsson &lt;ERIC ST> said it had
+signed a contract worth nearly 400 mln crowns with the Algerian
+Ministry of Telecommunications covering the supply of AXE
+exchanges as part of an expansion of the country's
+telecommunications network.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14217" NEWID="8696">
+<DATE>24-MAR-1987 08:25:19.17</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>iran</D><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0716&#31;reute
+u f BC-IRAN-SAID-TO-TEST-FIR   03-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAID TO TEST FIRE SILKWORM MISSILE IN HORMUZ</TITLE>
+<DATELINE>    BAHRAIN, March 24 - </DATELINE><BODY>Iran has test-fired its newly acquired
+Silkworm anti-shipping missile in the Strait of Hormuz and has
+set up at least two land-based launching sites in the area, a
+British naval source in the Gulf said.
+    The source, who declined to be identified, said Iran had
+fired the Chinese-made missile at a hulk off its southern Gulf
+naval port of Bandar Abbas and scored a hit.
+    "These missiles pack a fairly big punch," he told Reuters.
+"There is no doubt they could be used to target (shipping)
+across the Strait of Hormuz."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14218" NEWID="8697">
+<DATE>24-MAR-1987 08:26:05.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0717&#31;reute
+u f BC-BET-WINS-APPROVAL-FOR   03-24 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BET WINS APPROVAL FOR U.S. SHARE ISSUE</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>British services company BET Plc
+&lt;BETL.L> said its shareholders had given it approval to raise
+up to 170 mln dlrs through a share issue to U.S. Investors.
+    A company spokesman told Reuters the issue of up to 44 mln
+shares will be in the form of American Depository Receipts
+(ADRs) and that the total amount to be raised will probably be
+75 to 100 mln dlrs, depending on market conditions.
+    The issue is due to be completed in August, he said.
+    BET shareholders also approved a one-for-one free share
+issue to existing stockholders, the cancellation of preferred
+stock and new articles of association, the company said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14219" NEWID="8698">
+<DATE>24-MAR-1987 08:26:52.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0721&#31;reute
+u f BC-BRITISH-TELECOM-AWARD   03-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH TELECOM AWARDS ORDERS WORTH 73 MLN STG</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>British Telecommunications Plc &lt;BTY.L>
+said orders worth around 73 mln stg have been awarded to three
+British firms following competitive tendering for more than
+500,000 lines of advanced digital local exchange equipment.
+    The orders have been placed with &lt;GEC Telecommunications>,
+&lt;Plessey Major Systems> and &lt;Thorn Ericsson
+Telecommunications>.
+    Plessey and GEC will between them supply some 455,000 lines
+of System X equipment worth a total of more than 64 mln stg
+while Thorn Ericsson has received orders for more than 70,000
+lines of AXE10 exchanges, valued at around eight mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14220" NEWID="8699">
+<DATE>24-MAR-1987 08:28:41.89</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0725&#31;reute
+h f BC-TAIWAN-PROPOSES-FURTH   03-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN PROPOSES FURTHER TARIFF CUTS</TITLE>
+<DATELINE>    TAIPEI, March 24 - </DATELINE><BODY>Taiwan said it plans another round of
+tariff cuts, possibly within a month, to try to narrow its
+trade surplus with the U.S.
+    Vice Finance Minister Ronald Ho said a high-level economic
+committee recommended tariff cuts on 66 products requested by
+Washington, including apples, chocolates and fruit juice.
+    Ho said the cuts may come into effect by the end of next
+month.
+    Taiwan's trade surplus with the U.S. Widened in the first
+two months of this year to 2.35 billion dlrs from 1.87 billion
+dlrs in the same period last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14221" NEWID="8700">
+<DATE>24-MAR-1987 08:28:52.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0726&#31;reute
+r f BC-CREDIT-SUISSE-FREEZES   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT SUISSE FREEZES ACCOUNTS IN INSIDER PROBE</TITLE>
+<DATELINE>    ZURICH, March 24 - </DATELINE><BODY>Credit Suisse &lt;CRSZ.Z> has been ordered
+to freeze accounts thought to have been involved in a U.S.
+Insider trading scandal, a Justice Ministry spokesman said.
+    Joerg Kistler said the accounts belonged to two individuals
+and three companies, including Nahum Vaskevitch, former head of
+the London office of Merrill Lynch and Co &lt;MER.N>.
+    The accounts were blocked under a treaty on legal
+assistance between the United States and Switzerland aimed at
+facilitating criminal investigations which might otherwise
+remain hidden because of Swiss banking secrecy.
+    The order prohibits transactions on the accounts for an
+initial period of 30 days, after an emergency request from the
+United States arrived last Friday.
+    The U.S. Securities and Exchange Commission (SEC), which
+supervises stock market trading, alleged this month that
+Vaskevitch and an Israeli associate, Daniel Sofer, were behind
+an insider trading ring which netted profits of four mln dlrs.
+    The order freezes accounts owned by Vaskevitch and Sofer as
+well as those of the companies &lt;Plenmeer Ltd> and &lt;Meda
+Establishment>, Kistler said. He declined to name the third
+company, since it was not clear what role it played.
+    A spokesman for the bank said he was aware of the order.
+"Now we have to find out what is on the accounts," he said. He
+declined to give further details.
+    The SEC alleged in a New York court last week that Sofer
+transferred 1.9 million dollars from a U.S. Bank account of the
+company Plenmeer to an account at Credit Suisse.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14222" NEWID="8701">
+<DATE>24-MAR-1987 08:30:38.92</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0731&#31;reute
+f f BC-******U.S.-FEB-DURABL   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FEB DURABLE GOODS ORDERS ROSE 6.0 PCT, NONDEFENSE DURABLES ROSE 3.8 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14223" NEWID="8702">
+<DATE>24-MAR-1987 08:33:54.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0750&#31;reute
+r f BC-STANDARD-CHARTERED-PL   03-24 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD CHARTERED PLC &lt;STCH.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 24 -
+    </DATELINE><BODY>Shr 97.0p vs 85.3p
+    Div 22.5p vs 20.0p making 35.0p vs 30.5p
+    Pretax profit 253.9 mln stg vs 267.9 mln
+    Tax 96.3 mln vs 125.6 mln
+    Operating income 1.15 billion vs 998.8 mln
+    Operating expenses 759.3 mln vs 692.7 mln
+    Trading profit before charge for bad and doubtful debts
+    394.4 mln stg vs 306.1 mln
+    Charge for bad and doubtful debts 184.2 mln vs 100.7 mln
+    Share of profits of associates 43.7 mln vs 62.5 mln
+    Minority interests 6.6 mln debit vs 9.6 mln debit
+    Extraordinary items 8.7 mln debit vs 15.7 mln credit
+    Operating income includes -
+    Interest income 2.49 billion vs 2.33 billion
+    Interest expenses 1.77 billion vs 1.64 billion
+    Other operating income 428.8 mln vs 313.2 mln
+    Operating expenses include -
+    Staff 405.9 mln vs 376.0 mln
+    Premises and equipment 197.0 mln vs 155.2 mln
+    Others 156.4 mln vs 161.5 mln
+    Pretax profit includes -  North America 65.8 mln vs 49.6
+mln
+    Asia Pacific 0.9 mln vs 31.8 mln
+    Middle East and south Asia 17.7 mln vs 2.3 mln
+    Tropical Africa 47.5 mln vs 44.7 mln
+    U.K. 107.6 mln vs 135.7 mln
+    South Africa 36.8 mln vs 35.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14224" NEWID="8703">
+<DATE>24-MAR-1987 08:34:02.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0751&#31;reute
+h f BC-WORLD-BANK-CHIEF-PLED   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK CHIEF PLEDGES SUPPORT TO INDONESIA</TITLE>
+<DATELINE>    JAKARTA, March 24 - </DATELINE><BODY>World Bank president Barber Conable
+pledged the Bank's support to help Indonesia adjust to lower
+world oil prices, but said further deregulation of its
+protected economy was needed.
+    Speaking to reporters after talks with President Suharto,
+he said he expected Jakarta to do more to liberalise the
+economy and deregulate trade policy.
+    Indonesia, hurt by the fall in oil prices last year which
+cut the value of its crude exports in half, is the Third
+World's sixth largest debtor. It has received 10.7 billion dlrs
+from the World Bank in the past 20 years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14225" NEWID="8704">
+<DATE>24-MAR-1987 08:34:31.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0754&#31;reute
+r f BC-KDI-&lt;KDI>-TO-BUY-TRIA   03-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KDI &lt;KDI> TO BUY TRIANGLE MICROWAVE &lt;TRMW></TITLE>
+<DATELINE>    EAST HANOVER, N.J., March 24 - </DATELINE><BODY>KDI Corp said it has agreed
+in principle to acquire Triangle Microwave Inc for 6.50 dlrs
+plus a contingent payment for each Triangle share.
+    It said holders of the contingent payment units will be
+entitled to receive annual payments to the extent that the
+predepreciation gross profits of Triangle Microwave in each of
+the years 1987 through 1991 exceed threshholds ranging from
+eight mln dlrs in 1987 to 14 mln dlrs in 1991.
+    The company said holders of Triangle Microwave options and
+warrants will be entitled to receive the difference between
+6.50 dlrs and their exercise price, plus contingent payments.
+    KDI said completion of the transaction is subject to
+governmental approvals and the approval of Triangle Microwave
+shareholders, and the transaction is valued at over 35 mln
+dlrs.
+    It said shareholders of Triangle Microwave controlling
+about 30 pct of the company's stock have agreed to vote in
+favor of the deal and to give KDI an option to buy their shares
+under certain components.
+    Triangle Microwave makes microwave components.  KDI, a
+diversified company, produces electronic components, technical
+products and swimming pool equipment.                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14226" NEWID="8705">
+<DATE>24-MAR-1987 08:37:12.74</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0765&#31;reute
+u f BC-STORM-BRINGS-HEAVY-SN   03-24 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STORM BRINGS HEAVY SNOWS TO U.S. PLAINS</TITLE>
+<DATELINE>    Kansas City, March 24 - </DATELINE><BODY>The National Weather Service said a
+powerful winter storm centered over north central Oklahoma was
+spreading snow from western and central Kansas across much of
+Nebraska to southern and eastern South Dakota.
+    Rain was reported across parts of Minnesota, Iowa, eastern
+Kansas, Missouri and eastern Oklahoma, with showers and a few
+thundershowers extending from Arkansas through the lower
+Mississippi Valley to Alabama and northwest Florida.
+    Strong winds of 20 to 35 mph with some stronger gusts were
+reported across much of the Plains, causing considerable
+blowingand drifting snow. A blizzard warning continued this
+morning across most of western Kansas. A winter storm warning
+was issued this morning over central and northeast Nebraska.
+    Weather advisories were posted for this morning over
+central Kansas and central and southeast sections of South
+Dakota where two to five inches of snow could accumulate.
+    Locally heavy rains accompanied the storm over portions of
+the central Plains. Flash flood watches were issued for this
+morning across the eastern half of Kansas.
+    A flood warning continues today for eastern Nebraska.
+Widespread lowland and small stream flooding is expected to
+continue over most of eastern Nebraska through Wednesday.
+    Due to cold, damp and windy conditions, livestock
+advisories were posted this morning across central and
+southeast portions of South Dakota.
+    As the storm moves north across the central Plains, winter
+storm watches were issued over south central South Dakota, late
+tonight and Wednesday over west central Minnesota.
+    Elsewhere, a travelers advisory remains in effect this
+morning over northeast New Mexico and the Oklahoma and Tecas
+Panhandle for blowing snow and slick roadways and across the
+mountains and deserts of southern California for strong gusty
+winds of 25 to 40 mph. Gale warnings were issued for today
+along the central California Coast.
+    Mostly clear skies extended from the Great Lakes and Ohio
+Valley through the central Appalachians to the central Atlantic
+Coast and New England.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14227" NEWID="8706">
+<DATE>24-MAR-1987 08:41:06.12</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0773&#31;reute
+b f BC-/U.S.-FEB-DURABLE-GOO   03-24 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FEB DURABLE GOODS ROSE 6.0 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>New orders for durable goods
+received by U.S. manufacturers rose 5.7 billion dlrs, or 6.0
+pct, in February to 101.2 billion dlrs, the Commerce Department
+said.
+    Excluding defense, orders rose 3.8 pct, compared with a
+revised January decline of 7.7 pct.
+    In January, durable goods fell a revised 9.9 pct instead of
+the previously reported 7.5 pct. Durables excluding defense
+were reported originally as having fallen 9.9 pct in January.
+    The Commerce Department on Monday revised orders statistics
+for 1982 to 1986 to reflect more current inventory valuation
+methods, and the February orders statistics are consistent with
+the revisions, officials said.
+    The February order increase was led by transportation
+equipment, up 11.1 pct after an 18.0 pct decline in January.
+    Orders for defense capital goods rose 48.9 pct to 6.9
+billion dlrs, following a 38.8 pct decline in January.
+    Non-defense capital goods orders fell 1.6 pct in February
+to 26.3 billion dlrs after falling 8.7 pct in January, the
+department said.
+    Electrical machinery orders rose in February by 8.2 pct to
+17.2 billion dlrs after falling 15.4 pct in January.
+    Primary metals orders were up 13.9 pct to 8.4 billion dlrs
+after a 20 pct decline in January, the department said.
+    New orders for non-electrical machinery were up in February
+by 3.9 pct to 16.6 billion dlrs after a three pct orders
+decline in January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14228" NEWID="8707">
+<DATE>24-MAR-1987 08:41:53.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0778&#31;reute
+r f BC-WOOLWORTH-SAYS-GROWTH   03-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOOLWORTH U.K. SAYS GROWTH PROSPECTS EXCITING</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Woolworth Holdings Plc &lt;WLUK.L> which
+earlier announced a 1986 pre-tax profits rise of 42 pct over
+1985, said its prospects for growth were very exciting.
+    The profit figure of 115.3 mln stg exceeded a forecast by
+some 10 pct made during the hostile bid by Dixons Group Plc
+&lt;DXNS.L> last year and the company said the results were a
+major step towards the aim of making Woolworth the most
+profitable retailing group in the U.K.
+    It aimed to produce growth from all its businesses and look
+for opportunities to acquire specialist retail businesses.
+    Earlier this month the group said that tentative merger
+talks with the high street pharmacist &lt;Underwoods Plc> had been
+called off and recently announced a 19.2 mln stg recommended
+offer for &lt;Charlie Browns Car Part Centres Plc>.
+    The B and Q Do it Yourself centres raised sales by 31 pct
+and retail profit by 37 pct, with its pretax contribution of
+45.5 mln making it the largest single component.
+    The company said that the improvement had been achieved by
+substantial organic growth in existing stores as well as by the
+opening of a further 29 new outlets and enhanced margins.
+    In other sectors, the Comet electrical chain raised retail
+profits by 46 pct to 17.4 mln stg, while the Woolworth chain
+reported a 120 pct improvement to 38.7 mln.
+    The company said its property operations would increase
+substantially following the start of a joint venture deal with
+developers &lt;Rosehaugh Plc>.
+    The defence costs against the 1.9 billion stg bid from
+Dixons resulted in a 16.0 mln stg extraordinary charge.
+    The results were 10 mln stg up on most analysts forecasts.
+As a result, the group's shares rose strongly, peaking at 865p
+from last night's 842p before easing to 860p at 1155 GMT.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14229" NEWID="8708">
+<DATE>24-MAR-1987 08:42:35.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0782&#31;reute
+u f BC-NATIONAL-SEMICONDUCTO   03-24 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL SEMICONDUCTOR CORP &lt;NSM> 3RD QTR LOSS</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 24 - </DATELINE><BODY>March Eight
+    Shr loss 31 cts vs loss 47 cts
+    Net loss 25.6 mln vs loss 39.4 mln
+    Sales 398.1 mln vs 322.3 mln
+    Avg shrs 91.6 mln vs 90.0 mln
+    Nine mths
+    Shr loss 44 cts vs loss one dlr
+    Net loss 32.7 mln vs loss 84.4 mln
+    Sales 1.36 billion vs 1.08 billion
+    Avg shrs 91.2 mln vs 89.6 mln
+    NOTE: Twelve and 40-week periods.
+    Prior year results restated for change in method of
+recognizing revenue on distributor shipments.  Quarter net loss
+originally reported as 32.0 mln dlrs or 38 cts shr on sales of
+328.9 mln dlrs and nine mth loss as 120.3 mln dlrs or 1.40 dlrs
+shr on sales of 1.11 billion dlrs.
+    Prior nine mths net includes 51.2 mln dlr gain from
+cumulative effect of accounting change.
+    Prior year net includes extraordinary credits of 1,100,000
+dlrs in quarter and 3,300,000 dlrs in nine mths.
+    Current year net both periods includes 15.0 mln dlr pretax
+charge from previously-announced restructuring of Datachecker
+Systems and Semiconductor Group manufacturing operations.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14230" NEWID="8709">
+<DATE>24-MAR-1987 08:45:15.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0788&#31;reute
+f f BC-******COMDATA-NETWORK   03-24 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COMDATA NETWORK AGREES TO HIGHER OFFER FROM WELSH CARSON ANDERSON
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14231" NEWID="8710">
+<DATE>24-MAR-1987 08:48:09.16</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0799&#31;reute
+u f BC-SUMITA-SAYS-BANK-WILL   03-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITA SAYS BANK WILL INTERVENE IF NECESSARY</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>Bank of Japan Governor Satoshi Sumita
+said in a statement the central bank will intervene in foreign
+exchange markets to stabilise exchange rates if necessary in
+close cooperation with other major industrial nations.
+    Sumita said the Bank will take adequate measures including
+market intervention, if necessary, in line with the February 22
+Paris agreement by six major industrial nations.
+    Canada, Britain, France, Japan, the U.S. And West Germany
+agreed to cooperate in stabilising exchange rates around
+current levels. Sumita's statement was issued after the dollar
+slipped below 150 yen to hit a record low of 148.40.
+    "It is inevitable that exchange rates fluctuate under the
+system of floating rates," Sumita said.
+    The fact the dollar plunged below 150 yen does not mean
+anything significant under the floating system, he said.
+    The six nations agreed in Paris exchange rates prevailing
+then were broadly consistent with underlying economic
+fundamentals and further substantial rate shifts could damage
+growth and adjustment prospects in their countries, the Paris
+statement said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14232" NEWID="8711">
+<DATE>24-MAR-1987 08:53:03.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0802&#31;reute
+b f BC-COMDATA-&lt;CDN>-ACCEPTS   03-24 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMDATA &lt;CDN> ACCEPTS NEW WELSH CARSON BID</TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 24 - </DATELINE><BODY>Comdata Network Inc said it
+has entered into a definitive agreement to merge into a company
+formed by &lt;Welsh, Carson, Anderson and Stowe IV> for either
+16.50 dlrs in cash or 10.00 dlrs in cash and a unit of
+securities per Comdata share.
+    The company said each unit of securities would consist of
+1.25 common shares in the new company and three dlrs principal
+amount of the new company's 11 pct subordinated debentures due
+1997.
+    It said the 16.50 dlr cash alternative is an improvement
+over the 15.00 dlr per share price contemplated under an
+agreement in principle with Welsh Carson announced on March
+Five.
+    Comdata said the cash and securities alternaitcve is
+subject to Welsh Carson-affiliated investors owning at least 60
+pct of the stock of the new company.
+    The company said investment bankers &lt;Drexel Burnham Lambert
+Inc> and Alex. Brown and Sons Inc &lt;ABSB> found the proposal to
+be fair from a financial point of view.
+    It said the transaction is subject to approval by its
+shareholders and to Welsh Carson obtaining up to 230 mln dlrs
+in debt financing. Comdata said it may terminate the agreement
+if financing is not arranged by April Three.
+    On Thursday, First Financial Management Corp &lt;FFMC> offered
+to acquire Comdata for 18.00 dlrs per share in stock and cash,
+subject to approval by the Comdata board.
+    Under the First Financial proposal, Comdata holders would
+receive no more than four dlrs per share in cash and could
+receive all stock.
+    Comdata had originally planned a recapitalization under
+which it would have repurchased up to six mln common shares at
+14.50 dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14233" NEWID="8712">
+<DATE>24-MAR-1987 08:59:07.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0810&#31;reute
+u f BC-JEFFERIES-&lt;JEFG>-SETS   03-24 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES &lt;JEFG> SETS MARKETS IN THREE STOCKS</TITLE>
+<DATELINE>    LOS ANGELES, March 24 - </DATELINE><BODY>Jefferies Group Inc said it is
+making markets in the common stock of Conrac Corp &lt;CAX>,
+American Express Co &lt;AXP> and Cyclops Corp &lt;CYL>.
+    The company said the present quote on Conrac is 28 dlrs
+bid, 29 dlrs offered, on American Express 79 dlrs bid, 80 dlrs
+offered and on Cyclops 91 dlrs bid, 92 dlrs offered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14234" NEWID="8713">
+<DATE>24-MAR-1987 09:01:36.91</DATE>
+<TOPICS><D>potato</D></TOPICS>
+<PLACES><D>ireland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0816&#31;reute
+d f BC-IRELAND-PUT-ON-COLORA   03-24 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRELAND PUT ON COLORADO BEETLE ALERT</TITLE>
+<DATELINE>    DUBLIN, March 24 - </DATELINE><BODY>The Irish Agriculture Department issued
+a Colorado beetle alert today after three of the beetles were
+found in a box of parsley imported from France.
+    Officials said a colony of the black and amber coloured
+beetles can destroy a potato field in a day. The females lay up
+to 2,500 eggs each.
+    Some of the 80 boxes in the parsley consignment had already
+been distributed to markets and the department called on all
+shopkeepers and the catering trade to be on the alert.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14235" NEWID="8714">
+<DATE>24-MAR-1987 09:01:51.02</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D><D>japan</D><D>uk</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0818&#31;reute
+u f BC-DOLLAR-DROP-SEEN-AS-T   03-24 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR DROP SEEN AS TEST OF PARIS AGREEMENT</TITLE>
+<AUTHOR>    By Franz-Josef Ebel, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 24 - </DATELINE><BODY>The sharp drop in the value of the
+dollar against the yen and the mark is the first serious test
+of last month's Group of Five (G-5) plus Canada agreement to
+stabilise currencies, dealers and bank economists said.
+    "The dollar will be pushed down until there is coordinated
+central bank intervention," one dealer for a German bank said,
+echoing widepread sentiment in the market.
+    But opinion was divided on whether the united front forged
+in Paris still exists. Some dealers said there were growing
+signs the United States wanted the dollar to fall further.
+    Despite repeated Bank of Japan intervention, the dollar
+plunged to a post-war low in Tokyo today. It was quoted as low
+as 148.40 yen in the Far East and dealers here said they
+expected the U.S. Currency to decline further.
+    "The dollar is now firmly within a broad 140 to 150 yen
+range," Chase Bank AG's senior dealer Eckhart Hager said.
+    Others said there were technical reasons for the sharp
+dollar drop. "Window-dressing" operations by some Japanese
+companies who were selling dollars and buying yen before the
+end of the Japanese fiscal year on March 31 were undermining
+the U.S. Currency.
+    Dealers said main reason for the sell-off was not
+technical. U.S. Treasury Secretary James Baker's comment the
+Paris accord did not have fixed dollar targets was seen as a
+renewed attempt by the U.S. Administration to talk the dollar
+down.
+    "Suddenly, support levels which had existed for fear of
+central bank intervention disappeared," one dealer said.
+    The Bank of Japan was believed to have bought some 1.5
+billion dlrs, and this with comments by Japanese officials
+indicated Tokyo was unhappy about the plunge, dealers said.
+Bank of Japan governor Satoshi Sumita threatened central bank
+intervention if necessary.
+    Japanese Finance Minister Kiichi Miyazawa said today the
+time had come for the six nations who agreed in Paris last
+month to stabilise currencies - Japan, Britain, Canada, France,
+the U.S. And West Germany - to take action in line with the
+pact.
+    But the Bundesbank and other European central banks were
+not detected in the open market during the European morning.
+Opinion here was divided on when the Bundesbank would act.
+    While some said the West German central bank would support
+the dollar once it fell below 1.80 marks, others said the
+Bundesbank would only intervene after a fall below 1.75 marks
+or if the decline accelerated.
+    The Bundesbank last intervened on January 27, when the
+dollar threatened to fall below 1.81 marks.
+    "The Japanese seem to be on their own at the moment," one
+dealer said. Others said cooperation between central banks and
+governments was easier said than done.
+    Some said Baker's remarks and U.S. Trade Representative
+Clayton Yeutter's warning that the U.S. And Japan were on the
+verge of a serious trade conflict showed there was a rift.
+    "It's hard to tell whether the G-6 agreement still stands," a
+dealer said. Another added, "If the Americans do not get what
+they want, they will push the dollar down, regardless of G-6."
+    Citibank AG also cast doubt on the chances of success for
+the Paris agreement in its latest investment letter.
+    "It is hard to see that Japan and Germany are willing or
+able to loosen fiscal policy sufficiently to offset the
+necessary U.S. Fiscal contraction," Citibank said.
+    It added, "Markets should therefore be aware that 1.80 marks
+is not the lower limit for the dollar -- a rate of 1.70 marks
+or even less is expected this year."
+    And London Broker Hoare Govett said in its March 1987
+economic report, "We are looking for a further, more gradual,
+fall, possibly to 1.60 marks by the end of the year."
+    But opinion about whether the Paris accord was still in
+force was not universal. Some dealers said not too much should
+be read into Baker's and Yeutter's comments.
+    "There is no reason to believe the Paris pact has broken
+down," a senior dealer said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14236" NEWID="8715">
+<DATE>24-MAR-1987 09:06:48.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0825&#31;reute
+u f BC-EARTHQUAKE-STRIKES-WE   03-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EARTHQUAKE STRIKES WESTERN JAPANESE COAST</TITLE>
+<DATELINE>    TOKYO, March 24 - </DATELINE><BODY>A strong earthquake registering a
+preliminary reading of 6.5 on the Richter scale was felt on the
+coast northwest of Tokyo today, the Central Meteorological
+Agency said.
+    There were no immediate reports of damage or injuries but
+the agency issued a seismic wave warning on the coast between
+Niigata Prefecture, northwest of Tokyo, and Noto Peninsula, to
+the west. The epicentre of the tremor was located in the Sea of
+Japan far off Niigata, it said.
+    The tremor was felt as far away as Yokohama, south of
+Tokyo, and Hamamatsu on the Pacific coast.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14237" NEWID="8716">
+<DATE>24-MAR-1987 09:09:29.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0833&#31;reute
+u f BC-TRANSNATIONAL-INDUSTR   03-24 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSNATIONAL INDUSTRIES &lt;TRSL> SEES LOSS</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Transnational Industries Inc said due
+to continuing manufacturing difficulties at its AlloyTek Inc
+jet engine component subsidiary, it expects to report a net
+loss of about 300,000 dlrs or 12 cts per share for the fourth
+quarter ended January 31.
+    It said revenues for the period were about 11.9 mln dlrs,
+about even with those of a year earlier.
+    For the full fiscal year, the company said it earned about
+775,000 dlrs or 34 cts per share, down from 1,402,000 dlrs or
+76 cts per share a year before.
+    The company said an unexpectedly large volume of customer
+inquiries at its Spitz Inc simulation products subsidiary has
+caused higher than expected business development outlays.
+    The company said it expects significant contract awards to
+Spitz later this year.
+    It said it has started implementing a plan to progressively
+reduce manufacturing costs at AlloyTek over the next several
+quarters.  The company said it may move AlloyTek's plant from
+Grandville, Mich., to a lower labor cost area.
+    The company said it discovered the extent of the AlloyTek
+problems during a year-end review of subcontracts and related
+work in progress for production of jet engine components for
+General Electric Co &lt;GE>.
+    It said it will release annual results around April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14238" NEWID="8717">
+<DATE>24-MAR-1987 09:12:14.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0844&#31;reute
+u f BC-GREAT-WESTERN-&lt;GWF>-S   03-24 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT WESTERN &lt;GWF> SELLS INSURANCE UNIT</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 24 - </DATELINE><BODY>Great Western Financial
+Corp said it agreed to sell its John Alden Life Insurance Co
+and its affiliated operations for 280 mln dlrs to a
+newly-formed company onwed by the John Alden Management Group.
+    General Electric Credit Corp delivered a commitment letter
+arranged by the GECC Capital Markets Group Inc for the
+financing.
+    Great Western said the pre-tax gain on the sale will be
+approximately 65 mln dlrs, and after tax gain will be 
+approximately 15 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14239" NEWID="8718">
+<DATE>24-MAR-1987 09:14:26.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0849&#31;reute
+r f BC-central-capital-sets   03-24 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL CAPITAL SETS 100 MLN DLR SHARE ISSUE</TITLE>
+<DATELINE>    HALIFAX, Nova Scotia, March 24 - </DATELINE><BODY>&lt;Central Capital Corp>
+said it filed a final prospectus in all provinces for a 100 mln
+dlr offering of 7-5/8 pct cumulative redeemable retractable
+senior preferred shares, series A.
+    Net proceeds will be used to expand financial intermediary
+activities of the Central Capital group of companies and for
+general corporate purposes, it said.
+    Underwriters are Wood Gundy Inc, Dominion Securities Inc
+and Midland Doherty Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14240" NEWID="8719">
+<DATE>24-MAR-1987 09:14:37.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0850&#31;reute
+r f BC-bce-development-plans   03-24 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BCE DEVELOPMENT PLANS PREFERRED SHARE OFFERING</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 24 - </DATELINE><BODY>&lt;BCE Development
+Corp>, 69 pct owned by Bell Canada Enterprises Inc &lt;BCE>, said
+it filed a preliminary prospectus for an issue of cumulative
+redeemable retractable class A preference shares, series I, and
+the offering is expected to be made in early April.
+    It did not elaborate on the amount or price of the issue.
+    The company said the shares will carry a special dual
+currency feature that will provide a hedge against a decline in
+value of the Canadian dollar against the U.S. dollar.
+    Holders will be able to elect receiving dividend payments,
+paid at a set rate, in either currency.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14241" NEWID="8720">
+<DATE>24-MAR-1987 09:14:45.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0851&#31;reute
+d f BC-associated-porcupine   03-24 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASSOCIATED PORCUPINE FUNDING ACCORD TERMINATED</TITLE>
+<DATELINE>    TORONTO, March 24 - </DATELINE><BODY>&lt;Associated Porcupine Mines Ltd> said
+its September 22, 1986 agreement with Quill Resources Ltd, for
+Quill to provide certain funding, has been terminated.
+    Under the agreement, Quill was to provide funding for a
+three phase program to place Associated Porcupine's Paymaster
+gold property at Timmins, Ontario into commerical production,
+the company said without further elaborating.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14242" NEWID="8721">
+<DATE>24-MAR-1987 09:16:39.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0855&#31;reute
+u f BC-MONOCLONAL-ANTIBODIES   03-24 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONOCLONAL ANTIBODIES &lt;MABS> ORDER BARS SALES</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., March 24 - </DATELINE><BODY>Monoclonal Antibodies Inc
+said a a district court has decided to grant a motion by
+Hybritech Inc, a unit of Eli Lilly and Co &lt;LLY>, preventing the
+sale of certain Monoclonal products.
+    The products, including Ovustick Self-Test and Advance, a
+pregnancy test, account for 80 pct of Monoclonal sales, the
+biotechnology company said.
+    The products are made by Monoclonal and marketed by Ortho
+Pharmaceutical Corp, a unit of Johnson and Johnson &lt;JNJ>.
+    The products were named in lawsuits dating back to 1984,
+the company said.
+    Documents will be filed within 10 days for the judge to
+issue a preliminary injunction, which should become effective
+after the filing, the company said.
+    The company is evaluating the impact of the injunction on
+its operations. "While we're of course extremely disappointed
+by the court's decision, we will continue development efforts
+on products not subject to a potential infringement ruling,
+particularly diagnostic tests for drugs of abuse and sexually
+transmitted diseases," the company said in a statement.
+    The company hopes to have the new products available for
+sale late this year or early next year, it said.
+    In the meantime, it will focus efforts on marketing
+products not affected by the injunction and designing other
+products, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14243" NEWID="8722">
+<DATE>24-MAR-1987 09:16:49.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0857&#31;reute
+r f BC-sterivet-sets   03-24 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERIVET &lt;STVTF> SETS THREE-FOR-ONE SHARE SPLIT</TITLE>
+<DATELINE>    TORONTO, March 24 - </DATELINE><BODY>Sterivet Laboratories Ltd said the
+board authorized a three-for-one split of its outstanding
+common shares, subject shareholder approval at the annual
+meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14244" NEWID="8723">
+<DATE>24-MAR-1987 09:19:03.33</DATE>
+<TOPICS><D>money-fx</D><D>interest</D><D>money-supply</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0863&#31;reute
+r f BC-SPAIN-RAISES-CALL-MON   03-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN RAISES CALL MONEY RATES ON HIGHER DEMAND</TITLE>
+<DATELINE>    MADRID, March 24 - </DATELINE><BODY>The Bank of Spain raised overnight call
+money rates by 1/4 to 14 pct on demand for 746 billion pesetas
+in today's auction, which a bank spokesman termed "heavy."
+    Rates stood at 12.1 pct at the start of the year and have
+been increased to drain liquidity on rising demands for funds,
+the spokesman said.
+    He said in reply to Reuters inquiries that rates could rise
+further if money supply growth rose above this year's eight pct
+target for M-4, defined as liquid assets in public hands.
+    Money supply rose at an annualised rate of 16.7 pct last
+month against 8.1 pct in January. Growth was 11.4 pct in 1986.
+    A leading Spanish broker said the central bank was applying
+a more restrictive policy to keep the lid on inflation.
+    The consumer price index rose 8.3 pct last year.
+    "Money supply control is the government's chief weapon
+against inflation," he said. "The problem is higher rates are
+attracting liquidity from abroad."
+    He said this was why the central bank enacted specific
+measures to control the inflow of foreign capital. The Bank of
+Spain earlier this month imposed a 19 pct reserve requirement
+on new convertible peseta funds held by banks to curb
+short-term speculative capital from abroad.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14245" NEWID="8724">
+<DATE>24-MAR-1987 09:22:07.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0875&#31;reute
+r f BC-campbell-red-lake-div   03-24 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMPBELL RED LAKE &lt;CRK> SETS QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    TORONTO, March 24 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay May 25
+    Record April 20
+    Note: Canadian funds
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14246" NEWID="8725">
+<DATE>24-MAR-1987 09:25:08.54</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0883&#31;reute
+u f BC-GATT-ROUND-MAY-STOP-G   03-24 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT ROUND MAY STOP GROWING TRADE PROBLEMS: U.S.</TITLE>
+<DATELINE>    TAUPO, New Zealand, March 24 - </DATELINE><BODY>A successful new GATT
+(General Agreement on Tariffs and Trade) round is needed to
+halt growing bilateral trade problems between major trading
+partners, U.S. Trade Representative Clayton Yeutter said.
+    Yeutter, in New Zealand for informal GATT ministerial
+talks, told Reuters bilateral trade disputes are increasing
+because the multilateral system is inefficient.
+    "That is really a strong rationale why we need a new GATT
+round," he said. "The very existence of all these bilateral
+irritants clearly emphasises the need to develop multilateral
+solutions to some of these problems."
+    The eighth GATT round of negotiations was launched at Punta
+del Este in Uruguay in September 1986. Agriculture and services
+were included in the negotiations for the first time.
+    The growing debt burden of Latin American and African
+nations will also provide impetus for the GATT round to
+succeed, he said. "Clearly those countries need to develop their
+export endeavours and they need open markets for that to happen
+and that's the basic objective of the new GATT round."
+    But he said the GATT round is a long term endeavour. It
+will not give any short term relief for debt ridden countries,
+but it will make a difference in 10 to 15 years.
+    "It's a worthwhile activity from their standpoint because
+these debts are not going to go away in the next year or two,"
+he said.
+    "They ought to be very strongly supported in the GATT round
+as a mechanism for relieving their debt burdens or making
+possible debt amortisation in the future," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14247" NEWID="8726">
+<DATE>24-MAR-1987 09:28:36.24</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0891&#31;reute
+r f BC-BELGIAN-MARCH-CONSUME   03-24 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN MARCH CONSUMER PRICES RISE</TITLE>
+<DATELINE>    BRUSSELS, March 24 - </DATELINE><BODY>Belgian consumer prices rose 0.11 pct
+in March from February to stand 1.27 pct above the level in
+March 1986, the Economic Affairs Ministry said in a statement.
+    It said the consumer price index, base 1981, rose to 132.83
+points from 132.69 in February and 131.17 in March 1985.
+    Year-on-year inflation stood at 1.00 pct in February and at
+1.53 pct in March 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14248" NEWID="8727">
+<DATE>24-MAR-1987 09:30:32.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0894&#31;reute
+d f PM-YUGOSLAVIA 1STLD-(WRITETHROUGH)  03-24 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA CHANGES CONTROVERSIAL WAGE-FREEZE LAW</TITLE>
+<DATELINE>    BELGRADE, March 24 - </DATELINE><BODY>The Yugoslav government has decided to
+amend a wage-freeze law that triggered nationwide strikes and
+led the Prime Minister to threaten to use troops if the unrest
+threatened the ruling Communist Party.
+    The law, which returned wages to the average levels of the
+last quarter of 1986, triggered a huge wave of strikes and
+labor unrest throughout Yugoslavia and a chorus of disapproval
+from company bosses and union officials. Some 70 strikes by
+thousands of workers erupted nationwide.
+    The official Tanjug news agency reported last night the
+government said the law, initially covering all firms in the
+country, would be amended for seasonal industries and for
+companies which raised wages "rationally" last year. It did not
+say what the amendments would be.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14249" NEWID="8728">
+<DATE>24-MAR-1987 09:32:41.79</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0905&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-24 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 104 MLN STG HELP</TITLE>
+<DATELINE>   LONDON, March 24 - </DATELINE><BODY>The Bank of England said it provided the
+money market with assistance of 104 mln stg in the afternoon
+session.
+    This takes the bank's total help so far today to 219 mln
+stg and compares with its estimate of a 300 mln stg shortage.
+    The central bank bought outright 104 mln stg in bank bills
+in band two at 9-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14250" NEWID="8729">
+<DATE>24-MAR-1987 09:33:40.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0911&#31;reute
+u f BC-BRAZIL'S-BANKWORKERS   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S BANKWORKERS LAUNCH NATIONAL STRIKE</TITLE>
+<DATELINE>    SAO PAULO, March 24 - </DATELINE><BODY>Most of Brazil's 700,000 bankworkers
+began an indefinite national strike, union leaders said, as the
+country's labour troubles showed no signs of easing.
+    A national seamen's strike which began on February 27 is
+still continuing, despite a partial return to work.
+    A spokesman at the bankworkers' national strike
+headquarters in Sao Paulo, Lucio Cesar Pires, told Reuters that
+about 500,000 of Brazil's 700,000 bankworkers were on strike.
+    He said that many private banks were working, particularly
+in Sao Paulo, Rio de Janeiro and Porto Alegre.
+    The bankworkers, one of the best-organized sectors of
+Brazil's labour force, are striking for a 110 pct pay rise.
+    Pires said the strike had closed the state-controlled Banco
+do Brasil, which has more than 3,000 branches.
+    Brazil's current labour troubles stems from the collapse of
+the government's price freeze and the return of high inflation.
+    According to official figures, prices rose by 33 pct in
+just the first two months of the year.
+    Other strikes are being threatened, including national
+stoppages by 450,000 social workers and 50,000 university
+teachers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14251" NEWID="8730">
+<DATE>24-MAR-1987 09:38:04.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0921&#31;reute
+u f BC-PRINCEVILLE-&lt;PVDC>-GE   03-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRINCEVILLE &lt;PVDC> GETS LETTER OF CREDIT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>&lt;Qintex Ltd> of Brisbane said &lt;Westpac
+Banking Corp> of Australia has issued a commitment letter to
+provide Princeville Development Corp with the letter of credit
+required under Qintex's proposed acquisition of Princeville.
+    The letter of credit would ensure payment of Princeville's
+contingent subordinated notes to be distributed to shareholders
+of record on the day immediately following completion of
+Qintex's tender for 3,300,000 Princeville share. It said
+issuance of the letter of credit is still subject to conditions
+including appropriate documentation, but the letter is expected
+to be issued around April Three.
+    Qintex said as a result it has extended its tender offer
+for Princeville shares until April Three.
+    It said through yesterday it had received 7,424,292 shares
+under the offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14252" NEWID="8731">
+<DATE>24-MAR-1987 09:39:24.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0928&#31;reute
+r f BC-ADVANCED-COMPUTER-TEC   03-24 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED COMPUTER TECHNIQUES &lt;ACTP> YEAR NET</TITLE>
+<DATELINE>    NEW YORK, March 24 -
+    </DATELINE><BODY>Shr 41 cts vs 30 cts
+    Net 700,000 vs 526,000
+    Revs 15.2 mln vs 14.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14253" NEWID="8732">
+<DATE>24-MAR-1987 09:39:50.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0929&#31;reute
+r f BC-NEWS-CORP-&lt;NWS>-UNIT   03-24 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWS CORP &lt;NWS> UNIT CORRECTS DIVIDEND RATE</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>News Corp Ltd's Fox Television
+Stations Inc subsidiary said it will pay an accrued dividend of
+5.44 dlrs per share, not the 5.83 dlrs it reported earlier, in
+connection with the April 15 redemption of 230,000 shares of
+increasing rate exchangeable guaranteed preferred stock for
+1,000 dlrs per share plus accrued dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14254" NEWID="8733">
+<DATE>24-MAR-1987 09:39:59.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0930&#31;reute
+s f BC-MCRAE-INDUSTRIES-&lt;MRI   03-24 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCRAE INDUSTRIES &lt;MRI-A> INCREASES PAYOUT</TITLE>
+<DATELINE>    MT GILEAD, N.C., March 24 - </DATELINE><BODY>McCrae Industries Inc said it
+raised its preferred dividend on its Class A common stock to 12
+cts per share from 11 cts per share.
+    It said the dividend was payable April 20, 1987, to
+shareholders of record April 6.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14255" NEWID="8734">
+<DATE>24-MAR-1987 09:40:32.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0931&#31;reute
+r f BC-COLUMBIA-FIRST-&lt;CFFS>   03-24 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLUMBIA FIRST &lt;CFFS> TAKES OVER BANK</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Columbia First Federal Savings and
+Loan Association said it has acquired the insured deposits of
+first Federal of Maryland, based in Hagerstown, from the
+Federal Savings and Loan Insurance Corp and reopend First
+Federal's six former offices as Columbia First branches.
+    The Federal Home Loan Bank Board had closed First Federal
+on March 20 because it was insolvent.  First Federal had assets
+of 115.2 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14256" NEWID="8735">
+<DATE>24-MAR-1987 09:44:09.10</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0939&#31;reute
+b f BC-/N.Y.-DEALERS-BELIEVE   03-24 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. DEALERS BELIEVE FED INTERVENED TO BUY DLRS</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>The Federal Reserve appears to have
+intervened in the U.S. foreign exchange market to buy dollars
+against yen this morning, currency dealers said.
+    They said the intervention occurred near the dollar's early
+low of 148.50 yen and the U.S. currency subsequently firmed to
+149.05/15. It closed at 150.00/05 on Monday.
+    Dealers were uncertain of the amount involved and whether
+the Fed's purchases were for its own account or for a customer.
+But there was speculation that it may have been done in
+conjunction with the Bank of Japan. Tokyo dealers said the
+Japanese central bank bought dollars in Tokyo earlier today.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14257" NEWID="8736">
+<DATE>24-MAR-1987 09:49:25.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0961&#31;reute
+r f BC-CHARMING-SHOPPES-INC   03-24 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARMING SHOPPES INC &lt;CHRS> RAISES QUARTERLY</TITLE>
+<DATELINE>    BENSALEM, Pa., March 24 -
+    </DATELINE><BODY>Qtly div three cts vs 2-1/2 cts prior
+    Pay April 15
+    Record April Six
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14258" NEWID="8737">
+<DATE>24-MAR-1987 09:49:52.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0963&#31;reute
+u f BC-METROPOLITAN-FINANCIA   03-24 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROPOLITAN FINANCIAL &lt;MFC> CLOSING 6 BRANCHES</TITLE>
+<DATELINE>    FARGO, N.D., March 24 - </DATELINE><BODY>Metropolitan Financial Corp said
+its Metropolitan Federal Bank subsidiary will close six North
+Dakota branches effective April 17, 1987, in an effort to
+streamline its operations.
+    Deregulation of the industry has made the bank holding
+company's extensive branch network, "somewhat costly and
+impractical," it said.
+    Metropolitan, with assets of more than two billion dlrs,
+said it is confident it can continue to serve the financial
+needs of those customers affected by the closings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14259" NEWID="8738">
+<DATE>24-MAR-1987 09:49:59.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0964&#31;reute
+r f BC-ANGELICA-CORP-&lt;AGL>-4   03-24 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANGELICA CORP &lt;AGL> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    ST. LOUIS, MO., March 24 -
+    </DATELINE><BODY>Shr 47 cts vs 40 cts
+    Net 4,399,000 vs 3,768,000
+    Sales 76.6 mln vs 68.0 mln
+    Year
+    Shr 1.79 dlrs vs 1.84 dlrs
+    Net 16,701,000 vs 17,159,000
+    Sales 291.7 mln vs 269.1 mln
+    NOTE: FiscaL 1987 year based on 53 weeks compared wqith 52
+weeks a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14260" NEWID="8739">
+<DATE>24-MAR-1987 09:50:04.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0965&#31;reute
+d f BC-CHARMING-SHOPPES-&lt;CHR   03-24 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARMING SHOPPES &lt;CHRS> PLANS NEW STORES</TITLE>
+<DATELINE>    BENSALEM, Pa., March 24 - </DATELINE><BODY>Charming Shoppes Inc said it
+expects to open over 155 new stores -- including its first
+stores in Kansas, Louisiana and Oklahoma -- and remodel or
+expand another 80 during 1987.
+    The company said it expects to open about 75 new stores by
+the end of June, which would bring its total store count at
+that time to 753.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14261" NEWID="8740">
+<DATE>24-MAR-1987 09:50:10.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0966&#31;reute
+d f BC-GULL-INC-&lt;GLL>-3RD-QT   03-24 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULL INC &lt;GLL> 3RD QTR FEB 28 NT</TITLE>
+<DATELINE>    SMITHTOWN, N.Y., March 24 -
+    </DATELINE><BODY>Shr 22 cts vs 14 cts
+    Net 917,000 vs 553,000
+    Sales 16.1 mln vs 13.6 mln
+    Avg shrs 4,195,000 vs 4,090,000
+    Nine mths
+    Shr 70 cts vs 29 cts
+    Net 2,852,000 vs 1,086,000
+    Sales 49.2 mln vs 40.7 mln
+    NOTE: Prior nine mths net includes gain 250,000 dlrs from
+insurance payment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14262" NEWID="8741">
+<DATE>24-MAR-1987 09:50:17.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0967&#31;reute
+d f BC-AMERIANA-SAVINGS-BANK   03-24 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERIANA SAVINGS BANK &lt;ASBI> 4TH QTR NET</TITLE>
+<DATELINE>    NEW CASTLE, Ind., March 24 -
+    </DATELINE><BODY>Shr not given
+    Net 328,000 vs 99,000
+    Year
+    Shr not given
+    Net 1,694,000 vs 998,000
+    NOTE: Company went public in February 1987.
+    Net includes pretax loan loss recovery 41,000 dlrs vs
+provision 50,000 dlrs in quarter and provisions 135,000 dlrs vs
+50,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14263" NEWID="8742">
+<DATE>24-MAR-1987 09:50:26.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0969&#31;reute
+h f BC-GRIFFIN-TECHNOLOGY-IN   03-24 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRIFFIN TECHNOLOGY INC &lt;GRIF> 4TH QTR NET</TITLE>
+<DATELINE>    VICTOR, N.Y., March 24 - </DATELINE><BODY>Ended Jan 31
+    Shr loss one ct vs loss eight cts
+    Net loss 25,800 vs loss 157,100
+    Revs 2,323,500 vs 1,930,400
+    Year
+    Shr profit 19 cts vs profit four cts
+    Net profit 401,100 vs profit 93,100
+    Revs 10.3 mln vs 8,807,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14264" NEWID="8743">
+<DATE>24-MAR-1987 09:52:26.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0973&#31;reute
+r f BC-HUNGARY-DETAILS-TAX-R   03-24 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNGARY DETAILS TAX REFORMS FOR 1988</TITLE>
+<DATELINE>    BUDAPEST, March 24 - </DATELINE><BODY>Value added tax (VAT) and personal
+income tax are to be introduced next year, alongside price
+reform and a modified wage system, the official Hungarian news
+agency MTI said in its Weekly Bulletin.
+    A draft act divides goods into three groups for VAT. Most
+will be taxed at 20 pct, although basic foods, urban transport,
+fuel, pharmaceuticals and probably homes and building materials
+will be zero-rated. Non-basic services will be taxed at 10 pct.
+    Several other taxes will be abolished when VAT comes in
+next January 1 and the effect will be to cut producer prices by
+between five and 10 pct, MTI said.
+    Consumer prices will rise by about eight pct as result of
+cuts in subsidies, including those on milk and dairy products,
+MTI said. It did not say what effect the VAT would have.
+    Basic changes in company taxation were necessary as varying
+taxes and subsidies gave a confusing picture, and minor steps
+taken so far had only improved things temporarily.
+    MTI said inefficient firms were still being maintained at
+the expense of efficient ones, whose profit incentive was
+blunted by an average profit tax of 80 pct. The idea was to
+give all ventures equal chances and eliminate distinctions.
+    "Valid preferences or supports are to be withdrawn, or at
+least reduced," MTI said.
+    The tax changes will be a further step in a recent line of
+economic reforms designed to boost company efficiency.
+    Management of 75 pct of all state enterprises passed from
+ministries to elected enterprise councils in 1985 and 1986, and
+a bankruptcy law in force since last September limits the duty
+of the state to save loss-making firms.
+    MTI said yesterday state subsidies to enterprises and
+industrial cooperatives rose 16 pct last year, while profits
+rose 4.6 pct. It gave no absolute figures.
+    The number of small private ventures rose 4,000 to 39,000
+in 1986. Their turnover rose 27.5 pct and net income 16.2 pct.
+They now employ 443,000, nine pct of the workforce.
+    Hungarians now pay no tax on their primary income, and
+relaxation of central economic controls has led to large
+disparities in earnings, almost entirely in the private sector.
+    MTI said the introduction of personal income tax for all
+workers would lead to a fairer bearing of the public burden. It
+gave no details of the tax structure except to say that it
+would be progressive and embrace all legal income.
+    All measures are due to go before parliament this summer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14265" NEWID="8744">
+<DATE>24-MAR-1987 09:53:43.24</DATE>
+<TOPICS><D>ship</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D><D>honduras</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G L
+&#22;&#22;&#1;f0974&#31;reute
+r f BC-HONDURAS-SEEKS-PL480   03-24 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONDURAS SEEKS PL480 VESSELS FOR TALLOW DELIVERY</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Honduras will tender March 26 under
+PL480 for U.S. and non-U.S. flag vessels to import 1,500 tonnes
+of tallow in bulk, an agent for the country said.
+    The agent said delivery includes laydays of April 5-15.
+    Offers are due by 1200 hrs EST, March 26, and will remain
+valid until the close of business the following day, the agent
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14266" NEWID="8745">
+<DATE>24-MAR-1987 09:59:25.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0987&#31;reute
+u f BC-PETRIE-STORES-CORP-&lt;P   03-24 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETRIE STORES CORP &lt;PST> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    SECAUCUS, N.J., March 24 -
+    </DATELINE><BODY>Shr 90 cts vs 97 cts
+    Shr diluted 82 cts vs 88 cts
+    Net 42.1 mln vs 43.0
+    Revs 379.3 mln vs 352.7 mln
+    Avg shrs 46.8 mln vs 44.3 mln
+    Avg shrs diluted 52.6 mln vs 50.0 mln
+    Year
+    Shr 1.58 dlrs vs 1.81 dlrs
+    Shr diluted 1.50 dlrs vs 1.76 dlrs
+    Net 73.7 mln vs 77.9 mln
+    Revs 1.20 billion vs 1.16 billion
+    Avg shrs 46.8 mln vs 43.0 mln
+    Avg shrs diluted 52.6 mln vs 45.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14274" NEWID="8746">
+<DATE>24-MAR-1987 10:00:16.07</DATE>
+<TOPICS><D>retail</D><D>jobs</D><D>gnp</D><D>inventories</D><D>trade</D><D>cpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V A
+&#22;&#22;&#1;f0993&#31;reute
+r f BC-/U.S.-ECONOMY-SHOWS-P   03-24 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ECONOMY SHOWS PROMISING SIGNS OF GROWTH</TITLE>
+<AUTHOR>    By Donna Smith, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>The U.S. economy is showing some
+promising signs of accelerated expansion despite the
+sluggishness of the fourth quarter last year, private
+economists say.
+    Some of the slowness experienced in the October-December
+period had been expected to spill over into the first quarter
+this year, as the tax law changes that went into effect in
+January slowed business and consumer spending.
+    But some of the latest economic data show signs of
+surprising strength in the U.S. economy, although some
+economists remain cautious about the outlook.
+    The Commerce Department reported today that new orders for
+durable goods in February jumped by 5.7 billion dlrs, a six pct
+rise, to 101.2 billion dlrs. Even excluding volatile defense
+goods, durable goods orders rose a healthy 3.8 pct, the agency
+said.
+    The February numbers surpassed the expectations of many
+financial analysts, whose predictions ranged from flat to
+increases of up to five pct.
+    The January/February employment statistics suggest the
+Gross National Product will show a healthy rate of growth for
+the first three months of this year, said Lyle Gramley, an
+economist with the Mortgage Bankers Association.
+    The U.S. jobless rate in February and January was 6.7 pct,
+the lowest rate since March 1980. The number of new non-farm
+jobs rose by 337,000 in February after a 319,000 gain in
+January and a 225,000 December increase, the government said.
+    The employment data suggests a GNP annual growth rate of
+about three to 3.25 pct in the first quarter, said Gramley.
+    Much of that will be attributed to businesses rebuilding
+their inventories and is not likely to be sustained in the
+second quarter, Gramley said. He expects a slowdown in the
+second quarter with smaller increases in personal consumption
+and government spending. He also sees residential construction
+declining mostly for multi-family housing units.
+    Fidelity Bank senior economist Mickey Levy said some of the
+fourth quarter slowness will continue.
+    Levy predicts GNP will grow at a scant 1.5 pct rate in the
+first quarter of 1987, accelerate during the second quarter and
+show a brisk 4.5 pct annual rate in the third quarter.
+    The key to both forecasts is a marked improvement in the
+U.S. trade balance which is expected because of the decline in
+the dollar's value over the last year and half.
+    "The improvement will be gradual and long lasting," Levy
+predicted. Most of it will be through import reduction, but at
+least one-third will be due to a rise in product exports as the
+prices of U.S. goods become more attractive overseas.
+    The Reagan administration has predicted the trade deficit,
+which soared to record levels last year, will improve this year
+and the U.S. economy will grow by a respectable 3.2 pct for the
+year compared with a 2.5 pct rate last year.
+    As part of the effort to reduce the trade deficit, the U.S.
+has been pressing West Germany and Japan to stimulate their
+domestic demand for goods from the U.S. and others.
+    U.S. officials believe that would help take some of the
+pressure off the United States whose five years of economic
+growth has been the mainstay of developing countries.
+    The U.S. economy provided them with a giant market for
+their goods giving them a way to earn income badly needed to
+service their foreign debt.
+    The government last week said the U.S. economy grew at a
+modest 1.1 pct annual rate during the fourth quarter.
+    There were indications of improvement in the huge imbalance
+between the volume of goods imported to the United States and
+those shipped abroad. The report showed a rising volume of
+exports corresponding to a decline in imports despite the fact
+that in current dollar terms, the U.S. trade deficit worsened
+during the closing three months of 1986.
+    While fourth quarter economic growth was weak, corporate
+profits jumped a healthy 6.1 pct during the period, the
+government said. It also reported that inflation, as measured
+by the GNP price deflator, remained in check, growing a
+moderate 0.7 pct in the period, the lowest rise in 19 years.
+    The government also reported that consumer spending, a key
+element of the five year economic recovery, jumped 1.7 pct in
+February, after falling two pct in January.
+    The Federal Reserve Board also reported that the
+manufacturing sector, which had been one of the weaker elements
+of the U.S. economy, was showing signs of recovery.
+    In its latest report on current economic conditions, the
+Fed said that economic activity in the various regions of the
+country ranged from uneven or steady to improving.
+Manufacturing activity showed signs of improvement in most
+regions except Dallas where orders remained sluggish.
+    Chase Econometrics Chairman Lawrence Chimerine said the
+pick up in the U.S. manufacturing sector is largely due to the
+drop in the dollar's value. He said he does not foresee a major
+pick up in economic activity, but does not believe the economy
+will slip into recession either.
+    He said higher prices on imported products and wage cuts
+that have helped the manufacturing sector will squeeze
+consumers purchasing power.
+    "That pattern is starting and will continue for a number of
+years," Chimerine said. He sees economic growth hovering around
+a modest two pct level for the next few years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14267" NEWID="8747">
+<DATE>24-MAR-1987 10:02:23.98</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1000&#31;reute
+u f BC-INDONESIA-URGED-TO-DE   03-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA URGED TO DEREGULATE ITS ECONOMY</TITLE>
+<DATELINE>    JAKARTA, March 24 - </DATELINE><BODY>World Bank President Barber Conable
+linked increased borrowing by Indonesia, the Third World's
+sixth largest debtor, to fresh measures to deregulate trade and
+dismantle protectionist barriers.
+    "We would like to see the Indonesian government continue the
+adjustment process ... To move towards increased deregulation
+of the economy," Conable told a press conference at the end of a
+three-day visit to Jakarta.
+    Conable directly linked further Bank help for Indonesia's
+hard-pressed balance of payments to further measures by the
+government to reduce protectionism and increase efficiency.
+    The World Bank last month granted Indonesia a 300 mln dlr
+trade adjustment loan. He said further loans would depend on
+the economic policies Indonesia adopted.
+    But he said that in meetings with both President Suharto
+and leading Indonesian ministers he had not called for specific
+policy changes.
+    "The initiative will have to rest with the Indonesian
+government. We are not here to dictate to them," he stated.
+    Indonesia, the only Asian member of Opec, has been badly
+hit by last year's slump in oil prices which cut its revenues
+from crude exports in half.
+    Conable had what he termed a frank meeting this morning
+with Suharto.
+    He voiced support for measures already taken, including
+September's 31 pct devaluation of the rupiah, and efforts to
+deregulate imports and stimulate exports.
+    "The government can rely on the support of the World Bank in
+a continuing program of adjustment to the economic realities of
+today's world," he said.
+    The Bank has loaned Indonesia 10.7 billion dlrs over the
+past 20 years. Lending is now about one billion a year.
+    The World Bank would probably like to see further
+dismantling of tarrif barriers and measures to reduce
+Indonesia's protected monopolies in areas like steel, plastics
+and cement, western bankers and diplomats said.
+    The government has already said it will announce further
+deregulation measures, but has given no timetable. It is also
+considering selling off loss-making state companies.
+    Conable said the Bank would try to help Indonesia find
+funds to cover its share of development projects, which
+otherwise would have to be scrapped or postponed. Japan's Ex-Im
+bank announced a 900 mln dlr untied credit last month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14268" NEWID="8748">
+<DATE>24-MAR-1987 10:09:37.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1026&#31;reute
+d f BC-ARGYLL-SELLS-SUBSIDIA   03-24 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGYLL SELLS SUBSIDIARY'S ASSETS FOR 14 MLN STG</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Food and drink retailer Argyll Group Plc
+&lt;AYLL.L> said it has agreed to sell its U.K. Subsidiary &lt;George
+Morton Ltd> to &lt;Seagram United Kingdom Ltd> for about 14 mln
+stg in cash.
+    The consideration for Morton's fixed assets, stocks,
+debtors and goodwill is payable on completion of the sale. The
+disposal will bring Argyll an extraordinary credit of some 8.4
+mln stg.
+    Argyll added the agreements also depend on an indication
+from the U.K. Office of Fair Trading by June 23 that the sale
+will not be referred to the Monopolies Commission. Argyll
+shares were up 12p to 440, firming before the announcement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14269" NEWID="8749">
+<DATE>24-MAR-1987 10:09:56.01</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>iran</D><D>kuwait</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1028&#31;reute
+u f BC-IRAN-WARNS-U.S.-NOT-T   03-24 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN WARNS U.S. NOT TO INTERVENE IN THE GULF</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>The speaker of the Iranian Parliament,
+Hojatoleslam Akbar Hashemi Rafsanjani, warned the U.S. Not to
+intervene in the Gulf, a day after Washington said its warships
+were available to escort Kuwaiti tankers through the waterway.
+    "If U.S. Intervention occurs, the entire world will become
+insecure for the Americans and the events of Lebanon could be
+repeated for the Americans everywhere," he said.
+    U.S. Defence officials disclosed in Washington yesterday
+that the U.S. Navy, which has about 24 warships in or near the
+Gulf, was prepared to escort Kuwaiti tankers, regular targets
+for Iranian attacks in an offshoot of its war with Iraq.
+    Rafsanjani, in an interview reported by the Iranian news
+agency IRNA, also commented on earlier U.S. Disclosures that
+Iran had erected sites for new Chinese-made Silkworm
+anti-shipping missiles at the Strait of Hormuz.
+    The agency, received in London, quoted him as saying that
+Iran did not need missiles to close the strait, 24 miles wide
+at its narrowest, because "we can close it with artillery only."
+    He added "We have the longest coasts and the highest
+interest here and the small southern (Gulf) states have a
+lesser interest compared with us and therefore it is natural
+for us to protect the security of the Strait of Hormuz more
+than others."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14270" NEWID="8750">
+<DATE>24-MAR-1987 10:11:21.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1034&#31;reute
+d f BC-VALLEN-CORP-&lt;VALN>-3R   03-24 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALLEN CORP &lt;VALN> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    HOUSTON, March 24 -
+    </DATELINE><BODY>Shr 24 cts vs 33 cts
+    Net 347,000 vs 469,000
+    Sales 16.5 mln vs 14.0 mln
+    Nine mths
+    Oper shr 93 cts vs 94 cts
+    Oper net 1,327,000 vs 1,342,000
+    Sales 48.8 mln vs 34.5 mln
+    NOTE: Current nine mths net excludes 756,000 dlr gain from
+termination of pension plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14271" NEWID="8751">
+<DATE>24-MAR-1987 10:11:45.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1036&#31;reute
+u f BC-CONTROL-DATA-&lt;CDA>-AN   03-24 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTROL DATA &lt;CDA> ANNOUNCES NEW COMPUTER</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Control Data Corp said it is offering
+its first departmental computer, the CYBER 1809 model 930.
+    It also announced enhanced versions of its CDCNET
+Communications Network, NOS/VE virtual operating system and
+IM/VE information management system.
+    Control Data also said all systems operate with the CYBER
+930 system.
+    The company said the CYBER 930 is available in two models.
+Both are said to deliver two to three times the input-output
+capability. The 930-11 model is priced at 59,900 dlrs, and the
+930-31, is priced at 125,900 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14272" NEWID="8752">
+<DATE>24-MAR-1987 10:14:32.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ase</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1044&#31;reute
+u f BC-DUTCH-TO-SET-UP-EXCHA   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH TO SET UP EXCHANGES WATCHDOG BODY</TITLE>
+<DATELINE>    AMSTERDAM, March 24 - </DATELINE><BODY>Stock, options and futures trading
+bodies are to set up the first umbrella watchdog body to
+improve self-regulation, officials said at a press conference.
+    They said a Coordinating Commission for the Securities
+Trade (CCE) will be set up June 1 to coordinate supervision and
+improve efficiency in response to legislation and competition
+from foreign markets, mainly London.
+    "The Dutch exchanges have to speak with one voice," Amsterdam
+Stock Exchange spokesman Boudewijn van Ittersum said, noting
+self-regulation could prevent harsh government supervision.
+    The government plans to beef up supervisory laws of
+financial markets during the current cabinet period to 1990, to
+fight malpractice like insider trading.
+    Under the agreement struck between securities, options and
+futures traders, the CCE will coordinate their independent
+supervisory bodies in a first step towards a single watchdog.
+    "The SEC is a government regulatory body, while we are
+developing an institution coming from the market," Westerterp
+said.
+    Van Ittersum noted despite SEC supervision, U.S. Markets
+had seen several bourse scandals and added "The self-regulatory
+function of the business is vital."
+    Under the markets' agreement, the official price list of
+the Amsterdam Stock Exchange will also include comprehensive
+price listings of the options exchange and the Amsterdam Gold
+Futures market from April 3. The latter two will end their own
+price list publications.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14273" NEWID="8753">
+<DATE>24-MAR-1987 10:15:24.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1050&#31;reute
+r f BC-&lt;TIFFANY-AND-CO>-TO-G   03-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TIFFANY AND CO> TO GO PUBLIC</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Tiffany and Co said it has filed for
+an initial public offering of four mln shares, including two
+mln to be sold by shareholders, at an expected price of 21 to
+23 dlrs per share.
+    The company said the offering is expected to be made in
+late April or early May, with 3,200,000 shares being sold
+domestically through underwriters led by American Express Co's
+&lt;AXP> Shearson Lehamn Brothers Inc and &lt;Goldman, Sachs and Co>
+and the remainder are to be offered internationally, with the
+same lead underwriters.  It said it has applied for New York
+Stock Exchange listing.
+    Tiffany, a retailer of fine jewelry and gift items, said
+proceeds of the offering would be used to repay debt.
+    Tiffany had been publicly traded previously until a 1979
+acquisition by Avon Products Inc &lt;AVP>.  In October 1984, a
+group of investors acquired Tiffany from Avon in a leveraged
+buyout.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14275" NEWID="8754">
+<DATE>24-MAR-1987 10:16:22.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1055&#31;reute
+b f BC-HOECHST-UNIT-ISSUING   03-24 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOECHST UNIT ISSUING 130 MLN SWISS FRANC BOND</TITLE>
+<DATELINE>    ZURICH, March 24 - </DATELINE><BODY>Hoechst Invest NV, a Dutch finance
+subsidiary of Hoechst AG of West Germany, is issuing a 130 mln
+Swiss franc five pct bond, lead manager Credit Suisse said.
+    The par-priced, 14-year is guaranteed by Hoechst AG.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14276" NEWID="8755">
+<DATE>24-MAR-1987 10:16:52.60</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1057&#31;reute
+u f BC-SHELL-TO-DECLARE-NORW   03-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL TO DECLARE NORWAY'S DRAUGEN FIELD COMMERCIAL</TITLE>
+<DATELINE>    STAVANGER, Norway, March 24 - </DATELINE><BODY>&lt;A/S Norske Shell>, Royal
+Dutch/Shell Group's &lt;RD.AS> Norwegian subsidiary, said it has
+nearly concluded a 10 billion crown development scheme for
+Norway's Draugen oil field and will declare the field
+commercial in the near future.
+    Pending government approval of the scheme, the field could
+come on stream in 1992, making it Norway's northermost field
+development and the first such project on the Haltenbanken
+tract off central Norway.
+    Work on the project could begin as early as January 1988, a
+Shell spokesman said.
+    Shell has not released projected output levels for the
+field, where water depth is 240-270 meters.
+    The spokesman said the field's partners have agreed to
+develop Draugen with a 300-meter, single-leg concrete
+gravity-base platform.
+    The scheme also proposes using remote subsea production
+wells to tap the field's reservoir, estimated to contain 375
+mln barrels of oil, and an offshore buoy-loading system to
+transport oil from the field by ship.
+    Partners on Draugen are Shell, the operator, with a 30 pct
+stake, British Petroleum Co Plc &lt;BP.L> unit &lt;BP Petroleum
+Development (Norway) Ltd> (20 pct) and state-owned Den Norske
+Stats Oljeselskap A/S &lt;STAT.OL> (Statoil) (50 pct).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14277" NEWID="8756">
+<DATE>24-MAR-1987 10:17:02.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1058&#31;reute
+d f BC-BOND-CORP-HAS-NO-COMM   03-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOND CORP HAS NO COMMENT ON ALLIED SPECULATION</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Bond Corp Holdings Ltd  &lt;BONA.S> of
+Australia said it had no comment on an article in a London
+evening newspaper speculating on its plans for a bid approach
+to U.K. dDrinks and food giant Allied Lyons Plc &lt;ALLD.L>.
+    Tony Oates, Bond Corp's Executive Director for Finance and
+Administration, said "The company does not comment on market
+rumors or press conjecture." He added in all instances of this
+kind problems are likely to arise whatever is said.
+    Allied's shares were 3p up at 401p, which values the
+company at around 2.75 billion stg.
+    London stock market analysts specializing in brewery shares
+viewed a bid from Bond, which they said has assets of around
+two billion stg, as highly unlikely.
+    They added that rumours of a possible bid for Allied have
+surfaced from time to time in the press and the London equity
+market ever since last year's thwarted approach from Elders IXL
+Ltd &lt;ELXA.S> of Australia.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14278" NEWID="8757">
+<DATE>24-MAR-1987 10:19:10.74</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1069&#31;reute
+b f BC-S.-AFRICA-GOLD-MINING   03-24 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICA GOLD MINING INDUSTRY HAD RECORD YEAR</TITLE>
+<DATELINE>    JOHANNESBURG, March 24 - </DATELINE><BODY>The gold mining industry had
+another "exceptional year" in 1986 with tonnage milled, revenues
+and profits reaching high levels, the Chamber of Mines said.
+    Nearly 108 mln tons of ore was milled, three pct higher
+than the prior year, while revenues rose 17 pct to 16.5 billion
+rand and profits increased 6.5 pct to 8.31 billion rand, the
+Chamber reported.
+    The profit rise was achieved despite substantial cost
+increases and a 26.1 pct rise in capital expenditures to 2.42
+billion rand, it said.
+    The chamber said that a "comparatively buoyant gold price
+allowed mines to continue the practise of mining lower grade
+ores which has characterised recent years."
+    It said the industry now mines to an average grade of 5.63
+grams per ton compared with 6.09 grams per ton in 1985.
+    Gold output for the year declined five pct to 638 tons
+compared with the previous year's 671 tons.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14279" NEWID="8758">
+<DATE>24-MAR-1987 10:20:05.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1075&#31;reute
+f f BC-******CLAREMONT-TELLS   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CLAREMONT TELLS SEC IT SEEKS 15 PCT CHAMPION PRODUCTS STAKE, TWO BOARD SEATS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14280" NEWID="8759">
+<DATE>24-MAR-1987 10:22:40.06</DATE>
+<TOPICS><D>grain</D><D>rice</D><D>corn</D><D>cotton</D><D>wheat</D><D>sorghum</D><D>barley</D><D>oat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1082&#31;reute
+u f BC-/RICE,-CORN-LEAD-1987   03-24 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RICE, CORN LEAD 1987 U.S. FARM PAYMENTS - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Rice and corn farmers will receive
+the largest payments from the U.S. government during 1987 if
+the subsidies are calculated per planted acre, the U.S.
+Agriculture Department said.
+    USDA said government outlays to rice farmers in 1987 are
+expected to reach 403 dlrs per acre planted, followed by corn
+at 135 dlrs per planted acre. Government outlays include mainly
+deficiency payments and price support loans.
+    On a per acre basis, cotton payments will reach 73.24 dlrs
+in 1987, wheat 60.30 dlrs, sorghum 54.38 dlrs, barley 27.41
+dlrs and oats 2.31 dlrs, USDA said.
+    USDA estimates farm subsidies will reach 25.3 billion dlrs
+in 1987. The figures were given by USDA officials at a Senate
+Agriculture Appropriations hearing yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14281" NEWID="8760">
+<DATE>24-MAR-1987 10:23:06.75</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1084&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-24 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 10 MLN STG LATE ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>The Bank of England said it provided the
+money market with late help of about 10 mln stg.
+    This takes the bank's total help today to some 229 mln stg
+and compares with its forecast of a 300 mln stg shortage.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14282" NEWID="8761">
+<DATE>24-MAR-1987 10:24:51.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1088&#31;reute
+d f BC-VOLVO-GROUP-COMPANY-P   03-24 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLVO GROUP COMPANY PROPOSES TWO-FOR-FIVE ISSUE</TITLE>
+<DATELINE>    STOCKHOLM, March 24 - </DATELINE><BODY>&lt;AB Catena>, in which AB Volvo
+&lt;VOLV.ST> has a 48 pct stake, said it was proposing a
+two-for-five stock issue that will raise the company's equity
+capital to 420 mln crowns from 300 mln.
+    Catena reported profits after financial income and costs up
+to only 231 mln crowns from 207 mln in 1985, despite an
+increase in sales to 8.54 billion crowns from 5.59 billion in
+1985.
+    The company said that its 1986 performance was best
+reflected by earnings after writeoffs, which rose to 310 mln
+from 221 mln in 1985.
+    Catena's increase in sales was mainly due to the takeover
+of Safveans AB in February 1986, which changed the business
+profile of Catena. It had principally operated as a Volvo
+dealer. With the Safveans acquisition it is now mainly a
+trading and industrial company.
+    In December 1986 Catena sold its share in the stockbroking
+firm Jacobson och Ponsbach Fondkommission AB. This yielded a
+profit of 386.7 mln crowns and was reflected in Catena's
+pre-tax earnings which rose to 724 mln crowns from 204 mln in
+1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14283" NEWID="8762">
+<DATE>24-MAR-1987 10:27:57.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1096&#31;reute
+b f BC-******MOODY'S-AFFIRMS   03-24 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S AFFIRMS RATINGS OF CHRYSLER AND UNITS, AFFECTS 12 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14284" NEWID="8763">
+<DATE>24-MAR-1987 10:32:32.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1113&#31;reute
+b f BC-BRAZIL'S-BANKWORKERS   03-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S BANKWORKERS LAUNCH NATIONAL STRIKE</TITLE>
+<DATELINE>    SAO PAULO, March 24 - </DATELINE><BODY>Most of Brazil's 700,000 bankworkers
+began an indefinite national strike, union leaders said, as the
+country's labour troubles showed no signs of easing.
+    A national seamen's strike which began on February 27 is
+still continuing, despite a partial return to work.
+    A spokesman at the bankworkers' national strike
+headquarters in Sao Paulo, Lucio Cesar Pires, told Reuters that
+about 500,000 of Brazil's 700,000 bankworkers were on strike.
+    He said that many private banks were working, particularly
+in Sao Paulo, Rio de Janeiro and Porto Alegre.
+    The bankworkers, one of the best-organized sectors of
+Brazil's labour force, are striking for a 100 pct pay rise.
+    Pires said the strike had closed the state-controlled Banco
+do Brasil, which has more than 3,000 branches.
+    Brazil's current labour troubles stems from the collapse of
+the government's price freeze and the return of high inflation.
+    According to official figures, prices rose by 33 pct in
+just the first two months of the year.
+    Other strikes are being threatened, including national
+stoppages by 450,000 social security workers and 50,000
+university teachers.
+    In central Sao Paulo dozens of armed military police stood
+guard outside branches of the Banco do Brasil to preempt any
+move by bankworkers to occupy the buildings.
+    A bank official in one foreign bank, which was still open
+this morning, said that with the closure of the Banco do Brasil
+private banks would not be able to function much longer.
+    He said: "If the Banco do Brasil closes it shuts down the
+whole system. I think that after lunch we will have to stop."
+    Groups of strikers marched in the central commercial
+district, waving banners and stopping outside private banks to
+chant slogans.
+    Pires said the strike call had been largely ignored by
+workers in the private banks, with many branches open
+particularly in Sao Paulo, Rio de Janeiro and Porto Alegre.
+    Television reports said that in the southern state of
+Parana farmers protesting against high interest rates supported
+the bankworkers.
+    As they have done many times over the past few weeks, they
+blockaded the entrances of private banks with farm machinery.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14285" NEWID="8764">
+<DATE>24-MAR-1987 10:36:29.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1136&#31;reute
+u f BC-INDONESIAN-FOREIGN-DE   03-24 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN FOREIGN DEBTS MANAGEABLE, CONABLE SAYS</TITLE>
+<DATELINE>    JAKARTA, March 24 - </DATELINE><BODY>Indonesia's foreign debts are a cause
+for concern, but remain within manageable limits, World Bank
+President Barber Conable said.
+    He told a press conference before leaving for Tokyo that
+Indonesia's rising debt-service ratio was a problem and cause
+for concern. But he said it was not necessarily due to
+imprudent borrowing and "it is still within an area of being
+manageable."
+    The bank estimates Indonesia has total foreign debts of
+around 37 billion dlrs. The debt service ratio has risen to a
+projected 33 pct for fiscal 1987/88, from 25 pct in 1986/87
+ending March 31.
+    Anything above 20 pct is considered high by bankers.
+    Conable said the decline in world oil prices and the rise
+in the value of the Japanese yen had increased the ratio by
+reducing Indonesian exports and raising its debt repayments.
+    Indonesian debt servicing of 6,760 billion rupiah takes up
+almost one third of the 1987/88 budget.
+    Payment on the principal of government debts is officially
+projected at 2.73 billion dlrs in 1987/88 against 2.11 billion
+in 1986/87.
+    Conable linked an increase in World Bank lending to
+Indonesia to implementation of further economic policy reforms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14286" NEWID="8765">
+<DATE>24-MAR-1987 10:37:56.90</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1146&#31;reute
+r f BC-U.S.-ENERGY-SECRETARY   03-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY SECRETARY OPTIMISTIC ON INCENTIVES</TITLE>
+<DATELINE>    HOUSTON, March 24 - </DATELINE><BODY>U.S. Department of Energy Secretary
+John Herrington said he was "optimistic" about the chances of
+providing a more generous depletion allowance for oil and gas
+producers, but added that the plan faces strong opposition from
+some members of the Reagan administration.
+    Herrington, speaking to Houston oil executives at a
+breakfast meeting, said administration debate over his plan for
+a 27.5 pct annual depletion allowance was "heavy and strong"
+largely because of some fears that the U.S. oil industry could
+eventually become as dependent on federal subsidies as the
+agriculture industry.
+    Herrington's proposed tax incentives for the oil industry
+were issued last week after the Department of Energy released a
+comprehensive report finding U.S. national security could be
+jeopardized by rising oil imports.
+    In response to a question from Mitchell Energy and
+Development Corp &lt;MND> chairman, George Mitchell, Herrington
+said the report did not definitively rule out an oil import
+tarrif. "We intend to keep that debate open," Herrington said.
+    However, following his speech, Herrington told Reuters that
+the new report shows an oil import fee "is not economical."
+    Herrington said, for example, a 10 dlr per barrel tariff on
+oil imports would cause the nation's gross national product to
+drop by as much as 32 billion dlrs.
+    Herrington also said he believed President Reagan, who
+requested the comprehensive national security study, was
+committed to some action to help the ailing U.S. oil industry.
+    "I'm quite confident he understands the problems and is
+prepared to do something about it," Herrington said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14287" NEWID="8766">
+<DATE>24-MAR-1987 10:40:36.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1158&#31;reute
+u f BC-DIGITAL-EQUIPMENT-&lt;DE   03-24 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL EQUIPMENT &lt;DEC> ANNOUNCES PRODUCTS</TITLE>
+<DATELINE>    BOSTON, March 24 - </DATELINE><BODY>Digital Equipment Corp announced 18
+computer-aided manufacturing products which it said reinforces
+its integrated manufacturing offerings. 
+    Digital predsident Kenneth Olsen told reporters that the
+company now offers a full range of systems, applications and
+services for its manufacturing customers based on its popular
+VAX computer operating system.
+    Among the products announced today are eight industrial
+computer systems based on Digital's Microvax II and PDP 11
+computers. 
+    The company also introduced products that linked its
+various measurement and control devices to its computer systems
+and a commitment to support the manufacturing automated
+protocol standard endorsed by General Motors Corporation.
+    GM is attempting to get all computer manufacturing vendors
+to support the MAP standard so that equipment for different
+manufacturers will work together on the factory floor. 
+    The new products will be available immediately with some
+beginning first delivery in July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14288" NEWID="8767">
+<DATE>24-MAR-1987 10:41:05.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1161&#31;reute
+u f BC-COMMERCIAL-METALS-CO   03-24 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCIAL METALS CO &lt;CMC> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    DALLAS, March 24 -
+    </DATELINE><BODY>Shr 23 cts vs 34 cts
+    Net 2,091,000 vs 3,053,000
+    Revs 203.5 mln vs 215.7 mln
+    Avg shrs 8,967,719 vs 8,863,945
+    1st half
+    Shr 40 cts vs 69 cts
+    Net 3,616,000 vs 6,111,000
+    Revs 411.8 mln vs 418.1 mln
+    Avg shrs 8,958,100 vs 8,850,656
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14289" NEWID="8768">
+<DATE>24-MAR-1987 10:41:20.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1162&#31;reute
+u f BC-GEO.-A.-HORMEL-&lt;HRL>   03-24 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEO. A. HORMEL &lt;HRL> VOTES TWO-FOR-ONE SPLIT</TITLE>
+<DATELINE>    AUSTIN, MINN., March 24 - </DATELINE><BODY>Geo. A. Hormel and Co said its
+directors voted a two-for-one split, payable June one, record
+April 18.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14290" NEWID="8769">
+<DATE>24-MAR-1987 10:42:01.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>fernandez</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1167&#31;reute
+u f BC-PHILIPPINE-CENTRAL-BA   03-24 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE CENTRAL BANKER FACES CORRUPTION CHARGES</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 24 - </DATELINE><BODY>A government-appointed special
+prosecutor has ordered the filing of corruption charges over
+the closure of a private bank against Philippine central bank
+governor Jose Fernandez, who said he would contest the charges.
+    Ombudsman Raul Gonzalez told Reuters there was evidence to
+indicate that Fernandez had misused his office in ordering the
+closure of &lt;Pacific Banking Corp> in July, 1985.
+    He said the charges against Fernandez would be filed "within
+the week" in a special court for corruption cases, adding that a
+defendant could appeal against a ruling in the Supreme Court.
+    Fernandez is in New York for talks with the Philippines'
+creditor banks on rescheduling about 9.4 billion dlrs of the
+country's foreign debt.
+    A central bank statement quoted Fernandez as saying Pacific
+Bank's closure and sale were in accordance with law.
+    "Fernandez said that some points may have been missed in the
+appreciation of the case for which reason he will be filing a
+motion for reconsideration of the (Ombudsman's) resolution," the
+statement said.
+    Central bank sources said the statement was drafted after
+Fernandez and senior deputy governor Gabriel Singson, who is in
+Manila, conferred on the telephone.
+    Gonzalez said his office ordered the charges filed after
+hearing submissions by Fernandez and plaintiff Paula Paug, the
+president of Pacific Bank's Employees Union.
+    In her complaint, Paug said Fernandez had acted arbitrarily
+in ordering the closure of Pacific Bank and placing it under
+receivership without giving the bank the right to appeal,
+throwing hundreds of employees out of work.
+    Paug also said Fernandez had not withdrawn his stockholding
+in Far East Bank and Trust Company, which took over Pacific
+Bank's assets, when he became central bank governor in January,
+1984. Fernandez founded Far East in 1960.
+    She alleged Fernandez had misused his position by
+appointing two Far East bank executives to central bank
+consultancies, giving them access to Pacific Bank records. She
+also disputed Fernandez' interpretation of Pacific's accounts
+from January 1980 to May 1985, claiming the bank had made a
+profit, not a loss.
+    The central bank statement quoted Fernandez as stressing
+that Pacific Bank was "repeatedly given notice of the continuing
+losses of the bank and the immediate need of putting up
+additional capital to eliminate insolvency."
+    It said the central bank tried to assist in a bid by Bank
+of Hawaii and Philippine sugar trader Antonio Chan to purchase
+Pacific Bank, but the negotiations collapsed "because of certain
+legal impediments."
+    The statement said the central bank invited several banks
+to submit offers for Pacific, and the sale to Far East was
+approved by the Monetary Board and not by Fernandez alone.
+    Fernandez was also quoted in the statement as saying he had
+divested himself of all interests in Far East Bank when he
+became central bank governor. A Far East Bank spokesman
+declined comment on the charges against Fernandez.
+    In a footnote to a 12-page resolution recommending
+prosecution against Fernandez, Gonzalez said prima facie
+evidence of misuse of power also existed against all the then
+members of the country's Monetary Board, as well as the Far
+East executives, and ordered their investigation.
+    He said Fernandez's action fitted in with the political
+climate during former President Ferdinand Marcos's final years.
+    "(The) prevailing mood of the day for those in high offices
+was either to imitate the penchant of then President Marcos and
+his wife, to run roughshod over the human rights of citizens
+... Or to follow blindly or with canine devotion any
+instructions from above," Gonzalez wrote.
+    Gonzalez, named to his post 11 months ago, said his office
+had received more than 4,000 complaints of misuse of power. He
+said among those facing prosecution were five provincial
+governors appointed by President Corazon Aquino.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14291" NEWID="8770">
+<DATE>24-MAR-1987 10:43:45.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1177&#31;reute
+r f BC-consolidated-bathurst   03-24 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED-BATHURST TO BUY BACK SOME SHARES</TITLE>
+<DATELINE>    MONTREAL, March 24 - </DATELINE><BODY>&lt;Consolidated-Bathurst Inc> said it
+proposes to acquire up to five mln of its common shares, or
+five pct of the total outstanding on March 2, at prevailing
+market prices on the Toronto and Montreal Stock Exchanges
+between April 10, 1987 and April 9, 1988.
+    &lt;CB Pak Inc>, 80 pct owned by Consolidated-Bathurst, said
+it proposes to acquire up to 200,000 of its common shares and
+up to 45,000 of its common share purchase warrants at
+prevailing market prices on the exchanges between June 1, 1987
+and May 31, 1988. The amounts represent one pct of outstanding
+common shares and 4.8 pct of outstanding common warrants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14292" NEWID="8771">
+<DATE>24-MAR-1987 10:44:26.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1181&#31;reute
+b f BC-CLAREMONT-TO-BOOST-CH   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLAREMONT TO BOOST CHAMPION PRODUCTS &lt;CH> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Claremont Group Ltd, a New York
+investment banking firm, said it intends to boost its current
+10 pct stake in Champion Products Inc to as much as 15 pct of
+the total outstanding common stock.
+    Claremont added that it asked Champion to put two
+representatives on its nine-member board of directors.
+    Claremont previously disclosed in December that it had
+agreed to act in concert with Walsh, Greenwood and Co, an
+affiliated investment firm, to acquire Champion Products.
+    Claremont said it made net purchases of 7,800 Champion
+Products shares between Jan. 28 and March 18.
+    In a March 20 letter to Champion Chairman John Tanis,
+Claremont and Walsh representatives Stephen Walsh and John
+Cirigliano said they were pleased with the company's
+performance but wanted to take an active management role.
+    "We believe that Champion Products has just begun to evolve
+into the market leader it will eventually become," they said. "As
+significant shareholders with mutual interests with the
+company, we would like to actively participate in this process."
+    Claremont's intentions and the letter were made public in a
+filing with the federal Securities and Exchange Commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14293" NEWID="8772">
+<DATE>24-MAR-1987 10:45:03.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1185&#31;reute
+r f BC-WANG-&lt;WAN>-IN-SOFTWAR   03-24 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WANG &lt;WAN> IN SOFTWARE INTEGRATION AGREEMENT</TITLE>
+<DATELINE>    LOWELL, Mass., March 24 - </DATELINE><BODY>Wang Laboratories Inc said it
+entered into a development and marketing agreement with
+Sterling Software's &lt;SSW> Answer Systems Inc, aimed at
+integrating its data base product with Answer's mainframe
+database access tool.
+    Wang said the purpose of the projects is to offer Wang VS
+users direct access to information in DB2, IMS, and WSAM files
+residing on IBM (R) and IBM-compatible mainframes.
+    Wang said it will integrate its PACE product with Answer's
+System's Answer/DB (R).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14294" NEWID="8773">
+<DATE>24-MAR-1987 10:45:13.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1187&#31;reute
+r f BC-HOUSEHOLD-INT'L-&lt;HI>   03-24 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSEHOLD INT'L &lt;HI> TO REPURCHASE MORE SHARES</TITLE>
+<DATELINE>    PROSPECT HEIGHTS, Ill., March 24 - </DATELINE><BODY>Household International
+Inc said it plans to repurchase up to 100 mln dlrs of its
+common stock, continuing the stock buyback program it began
+last year.
+    Household said it would repurchase the shares in open
+market or private transactions at times it deems appropriate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14295" NEWID="8774">
+<DATE>24-MAR-1987 10:47:05.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1189&#31;reute
+b f BC-MOODY'S-AFFIRMS-CHRYS   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S AFFIRMS CHRYSLER &lt;C> AND UNIT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed the ratings on 12 billion dlrs of debt of Chrysler
+Corp and its unit, Chrysler Financial Corp.
+    The agency cited potential benefits of Chrysler's proposed
+acquisition of American Motors Corp &lt;AMO> to its business
+position and marketing and distribution capabilities.
+    Moody's said it believes the acquisition will be carried
+out substantially as currently structured. Affirmed were
+Chrysler's Baa-1 senior debt and Chrysler Financial's Baa-1
+senior debt, Baa-2 senior subordinated debt and Baa-3 junior
+subordinated debt.
+    Also affirmed were the Prime-2 commercial paper of
+Chrysler's finance arm and the Baa-1 guaranteed Eurobonds of
+Chrysler Credit Canada Ltd.
+    Moody's pointed out the purchase of AMC would undercut some
+of the recent progress Chrysler has made in improving its
+financial condition and cost structure. The agency noted that
+Chrysler would assume substantial debt and unfunded pension
+liabilities, as well as two inefficient production facilities.
+    But, Moody's said, the negative effect on Chrysler's
+profitability and cash flow would be temporary. Meanwhile,
+AMC's B-1 preferred stock remains under Moody's review.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14296" NEWID="8775">
+<DATE>24-MAR-1987 10:47:45.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1193&#31;reute
+b f BC-CORRECTION---ZURICH--   03-24 0056</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - ZURICH - CREDIT SUISSE
+    Please read in item "CREDIT SUISSE FREEZES ACCOUNTS IN
+INSIDER PROBE" second para reference to position of Nahum
+Vaskevitch as "...Former managing director of the mergers and
+acquisitions department of the London office of Merrill Lynch
+and Co..."  instead of "former head of the london office...."
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14297" NEWID="8776">
+<DATE>24-MAR-1987 10:48:13.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1198&#31;reute
+r f BC-XOMA-CORP-&lt;XOMA>-FILE   03-24 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XOMA CORP &lt;XOMA> FILES FOR OFFERING</TITLE>
+<DATELINE>    BERKELEY, Calif., March 24 - </DATELINE><BODY>XOMA Corp said it intends to
+file for an offering of 1,300,000 common shares.
+    The company now has about 8,721,000 shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14298" NEWID="8777">
+<DATE>24-MAR-1987 10:49:10.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1203&#31;reute
+d f BC-&lt;SHELL-U.K.-LTD>-YEAR   03-24 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SHELL U.K. LTD> YEAR 1986</TITLE>
+<DATELINE>    LONDON, March 24 -
+    </DATELINE><BODY>Sales proceeds 6.57 billion stg vs 8.81 billion
+    Duty and value added tax 1.84 billion vs 1.60 billion
+    Net proceeds 4.73 billion vs 7.21 billion
+    Net profit 757 mln vs 667 mln
+    Average capital employed 3.63 billion vs 3.71 billion
+    Capital and exploration expenditure 644 mln vs 618 mln
+    Cash surplus 423 mln vs 584 mln.
+    NOTE - Company is wholly owned subsidiary of Royal
+Dutch/Shell Group &lt;RD.AS>
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14299" NEWID="8778">
+<DATE>24-MAR-1987 10:49:21.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1204&#31;reute
+u f BC-CYCLOPS-&lt;CYL>-SAYS-DI   03-24 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYCLOPS &lt;CYL> SAYS DIXONS AGREEMENTS BINDING</TITLE>
+<DATELINE>    PITTSBURGH, March 24 - </DATELINE><BODY>Cyclops Corp said that as it has
+already stated, its agreements with &lt;Dixons Group PLC> are
+binding and Dixons will not rescind or waive any provisions of
+the agreements.
+    The company said its agreement to merge into Dixons does
+not permit it to provide nonpublic information to &lt;CYACQ>,
+which is making a competing offer for Cyclops, that had been
+provided to Dixons.
+    It said other provisions Dixons will not waive include its
+rights to recover breakup fees or expenses from Cyclops or buy
+Cyclops common shares from Cyclops.
+    Cyclops noted that Dixons' waiver of rights to breakup fees
+or the purchase of common stock directly from Cyclops and the
+provision of nonpublic information to CYACQ are conditions to
+CYACQ's increased 92.50 dlr per share offer to acquire Cyclops
+shares.
+    Dixons is tendering for Cyclops shares at 90.25 dlrs a
+share.  Yesterday Citicorp &lt;CCI>, with Audio/Video Affiliates
+Inc &lt;AVA> an owner of CYACQ, said it had offered to acquire
+from Dixons after the merger of Cyclops into Dixons Cyclops'
+industrial businesses for 12.8 mln dlrs more than Alleghany
+Corp &lt;Y> is currently scheduled to pay for them.
+    Citicorp said yesterday that its proposal would allow
+Dixons to raise its tender price to 93.25 dlrs per share. 
+Citicorp said if Dixons accepted the proposal, CYACQ would
+terminate its competing offer for Cyclops.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14300" NEWID="8779">
+<DATE>24-MAR-1987 10:49:38.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1206&#31;reute
+f f BC-******FIREMAN'S-FUND   03-24 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIREMAN'S FUND SUBPOENAED BY SEC ON AMERICAN EXPRESS STOCK SALE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14301" NEWID="8780">
+<DATE>24-MAR-1987 10:49:57.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1208&#31;reute
+r f BC-&lt;J.M.-RESOURCES-INC>   03-24 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;J.M. RESOURCES INC> IN MERGER AGREEMENT</TITLE>
+<DATELINE>    DENVER, March 24 - </DATELINE><BODY>J.M. Resources Inc said it has acquired
+a 90 pct interest in DEI Acquisition Corp from InterFirst
+Venture Corp, Sam B. Myers, Neomar Resources Inc and Richard L.
+Morgan, all of Dallas, for warrants to acquire 10.1 mln shares
+of J.M. stock and three mln dlrs of notes.
+    The warrants are exercisable at par value, currently 10 cts
+per share, until March 20, 1997.  The company said if the
+warrants were exercised in full, they would represent a 40.7
+pct interest in J.M. common stock.  It said amounts due under
+the notes are payable soleley from proceeds of the sale of
+securities by J.M. and non-oil and natural gas revenues of DEI.
+    J.M. said DEI provides specialty insulation installation
+and asbestos removal services.
+    J.M. said all of its directors except Jack E. Manning Jr.
+have resigned and Myers and Morgan were named to the board.
+    It said Manning has resigned as president in favor of Myers
+and will service as vice president in charge of oil and natural
+gas operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14302" NEWID="8781">
+<DATE>24-MAR-1987 10:50:25.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1211&#31;reute
+r f BC-ASTROTECH-&lt;AIX>-DIREC   03-24 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASTROTECH &lt;AIX> DIRECTOR BUYS COMPANY STOCK</TITLE>
+<DATELINE>    PITTSBURGH, March 24 - </DATELINE><BODY>Astrotech International Corp said
+its director S. Kent Rockwell, who controls Rockwell Venture
+Capital Inc, will buy 27 pct of the company's cumulative
+preferred stock.
+    It said will buy up to 302,300 shares of Astrotech's 1.80
+dlrs cumulative preferred stock.
+    It said the shares are owned by W.F. Rockwell Jr, chairman
+and chief executive officer of Astrotech and S. Kent Rockwell's
+father.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14303" NEWID="8782">
+<DATE>24-MAR-1987 10:54:35.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f1226&#31;reute
+b f BC-/FIREMAN'S-FUND-&lt;FSC>   03-24 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIREMAN'S FUND &lt;FSC> SUBPOENAED BY SEC</TITLE>
+<DATELINE>    GREENWICH, Conn., March 24 - </DATELINE><BODY>Fireman's Fund Corp said it
+has been subpoenaed by the Securities and Exchange Commission
+in connection with the previously announced investigation into
+the secondary public offering of its stock by American Express
+Co on May 9, 1986.
+    Fireman's Fund said it is cooperating with the SEC.
+    Last week, American Express Co, its Shearson Lehman
+Brothers Inc unit, and Salomon Inc's Salomon Brothers unit were
+subpoenaed for records pertaining to a secondary offering of
+Fireman's Fund stock.
+    Fireman's Fund had been a wholly owned subsidiary of
+American Express and now is less than 30 pct owned by the
+finanancial services giant.
+    Shearson, lead manager of the underwriting, and Salomon,
+co-manger, were also subpoenaed for documents pertaining to
+Jefferies and Co.
+    Last week, Boyd Jefferies, former chairman of Jefferies and
+Co, settled charges with the Securities and Exchange Commission
+that alleged he violated securities laws, including market
+manipulation.
+    The transaction described in SEC documents pertaining to 
+market manipulation charges mentioned a secondary offering of
+the stock of a company, which was held by another company.
+    The documents alleged Jefferies, at the request of a second
+person, took actions to drive the stock price up before the
+offering.
+    The losses to the Jefferies firm were allegedly covered, at
+the request of the second person, by sending a fake invoice to
+a third person.
+    An American Express spokesman said James Robinson, American
+Express chairman, has said the firm knows of no wrong doing by
+anyone at the firm.
+    American Express retained two law firms to carry out an
+internal investigation.
+    American Express, Shearson and Salomon all said they would
+cooperate with the investigation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14304" NEWID="8783">
+<DATE>24-MAR-1987 10:55:50.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1230&#31;reute
+r f BC-NORTHERN-TELECOM-&lt;NT>   03-24 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN TELECOM &lt;NT> IN PACT WITH U.S. FIRM</TITLE>
+<DATELINE>    TORONTO, March 24 - </DATELINE><BODY>Northern Telecom Ltd said it signed a
+two-year supply agreement with U S West Materiel Resources Inc
+that could lead to up to 300 mln U.S. dlrs of business.
+    It said the agreement provided terms under which it can
+supply its DMS digital switching systems and related equipment
+to U S West's three information distribution companies
+consisting of Mountain Bell, Pacific Northwest Bell and
+Northwestern Bell.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14305" NEWID="8784">
+<DATE>24-MAR-1987 10:56:30.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1233&#31;reute
+r f BC-AMERICAN-CYANAMID-&lt;AC   03-24 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CYANAMID &lt;ACY> CHANGES RECORD DATE</TITLE>
+<DATELINE>    WAYNE, N.J., March 24 - </DATELINE><BODY>American Cyanamid Co said subject
+to approval by its board it has changed the record date for the
+quarterly dividend it will pay on June 26 to May 8 from May 29
+to coincide with the record date for a two-for-one stock split
+that was declared at the same time.
+    The dividend on a post-split basis is 26-1/4 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14306" NEWID="8785">
+<DATE>24-MAR-1987 10:57:15.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1236&#31;reute
+s f BC-PNEUMATIC-SCALE-CO-&lt;P   03-24 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PNEUMATIC SCALE CO &lt;PNU> SETS QUARTERLY</TITLE>
+<DATELINE>    NORTH QUINCY, Mass., March 24 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay May 4
+    Record April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14307" NEWID="8786">
+<DATE>24-MAR-1987 11:00:14.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1247&#31;reute
+u f BC-FORD-&lt;F>-CREDIT-UNIT   03-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> CREDIT UNIT SELLS NOTES AT 8.13 PCT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Ford Motor Credit Co, a unit of Ford
+Motor Co, is raising 200 mln dlrs via an offering of notes due
+1997 yielding 8.13 pct, said sole manager Salomon Brothers.
+    The notes have an eight pct coupon and were priced at
+99.125 to yield 88 basis points over comparable Treasuries.
+    That matches the spread over Treasuries for the finance
+unit's equal-sized, same-maturity offering on January 6 that
+was priced to yield 7.948 pct. This deal was rated A-2 by
+Moody's and AA-minus by Standard and Poor's.
+    Non-callable for five years, today's issue is rated A-1 by
+Moody's and AA-minus by S and P.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14308" NEWID="8787">
+<DATE>24-MAR-1987 11:00:38.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1249&#31;reute
+u f BC-AMER-SIGNS-50-MLN-DOL   03-24 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMER SIGNS 50 MLN DOLLAR MULTICURRENCY LOAN</TITLE>
+<DATELINE>    HELSINKI, March 24 - </DATELINE><BODY>Finland's business group Amer-Yhtyma
+Oy &lt;YHTY.HE> said it has signed a 50 mln dlr, six-year
+syndicated multicurrency loan with a group of 15 international
+and four Finnish banks led by Citicorp Investment Bank Ltd.
+    Amer said in a statement the loan would be used mainly to
+convert its overseas currency loans and expand business, but
+gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14309" NEWID="8788">
+<DATE>24-MAR-1987 11:00:52.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1251&#31;reute
+r f BC-CURTICE-BURNS-FOODS-I   03-24 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURTICE-BURNS FOODS INC &lt;CBI> RAISES PAYOUT</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 24 -
+    </DATELINE><BODY>Qtly div 26 cts vs 24 cts prior
+    Pay April 30
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14310" NEWID="8789">
+<DATE>24-MAR-1987 11:01:01.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1252&#31;reute
+h f BC-LYPHOMED-&lt;LMED>-TO-MA   03-24 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYPHOMED &lt;LMED> TO MARKET WOUND DRESSING</TITLE>
+<DATELINE>    ROSEMONT, ILL., March 24 - </DATELINE><BODY>LyphoMed Inc said it agreed to
+market an antiseptic transparent wound dressing made by Hercon
+Laboratories, a subsidiary of Health-Chem Corp &lt;HCH>.
+    The dressing has been approved by the Food and Drug
+Administration for use as an intravenous catheter securement
+device and as a protective dressing for wounds, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14311" NEWID="8790">
+<DATE>24-MAR-1987 11:04:48.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1262&#31;reute
+f f BC-******ATT-INTRODUCES   03-24 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ATT INTRODUCES NEW COMPUTER HARDWARE, SOFTWARE, NETWORKING PRODUCTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14312" NEWID="8791">
+<DATE>24-MAR-1987 11:06:22.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1273&#31;reute
+u f BC-HYDRAULIC-&lt;THC>-SPLIT   03-24 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYDRAULIC &lt;THC> SPLITS 3-FOR-2, HIKES DIVIDEND</TITLE>
+<DATELINE>    BRIDGEPORT, Conn., March 24 - </DATELINE><BODY>The Hydraulic Co said its
+board approved a three-for-two stock split of its common stock
+and increased its quarterly cash dividend.
+    It said the stock split will occur through a 50 pct stock
+distribution on Hydraulic's common stock, payable April 30 to
+stockholders of record on April 3.
+    The quarterly cash dividend, payable April 15 to
+stockholders of record on April 3, is to be paid on Hydraulic's
+pre-split shares that are currently outstanding, the company
+said.
+    The dividend will be 54.75 cts per share, up from 52 cts
+per share.It will represent a quarterly common stock cash
+dividend of 36.50 cts per share on the share that will be
+outstanding after the stock split, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14313" NEWID="8792">
+<DATE>24-MAR-1987 11:07:51.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1285&#31;reute
+b f BC-ATT-&lt;T>-INTRODUCES-NE   03-24 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> INTRODUCES NEW COMPUTER PRODUCTS</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>American Telephone and Telegraph Co
+said it has introduced a variety of new computer hardware,
+software and networking products for corporate use.
+    The company introduced the 3B2/600 minicomputer, which can
+support up to 64 simultaneous users. The computer is the latest
+addition to ATT's family of Unix system-based minicomputers, it
+said.
+    The 3B2/600 costs 46,500 dlrs and will be available in May
+1987, ATT said.
+    The company also announced a host of peripherals to enhance
+the data storage capacity of the minicomputer and other
+products.
+    In addition, ATT cut prices 17 to 25 pct on its 3B2/310 and
+400 computers and 12 to 24 pct on its 3B15 computer model 301
+and 401, it said.
+    Among the developments announced today is ATT's use of the
+Small Computer Systems Interface, SCSI, an emerging industry
+standard for communications between computers and peripherals.
+    The SCSI-based peripherals introduced include a 3B2 host
+adaptor package for 2,000 dlrs, new configurations for the
+3B2/400, available for 23,000 to 26,000 dlrs, and expansion
+modules priced at 20,700 dlrs. The peripherals will also be
+available in May, it said.
+    Other products introduced include document exchange
+products, printers, and other peripherals.
+    Most are to be available beginning this spring and summer,
+although some of the document exchange products are available
+now, ATT said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14314" NEWID="8793">
+<DATE>24-MAR-1987 11:09:03.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1296&#31;reute
+r f BC-HUGHES-SUPPLY-INC-&lt;HU   03-24 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES SUPPLY INC &lt;HUG> 4TH QTR NET</TITLE>
+<DATELINE>    ORLANDO, Fla., March 24 -
+    </DATELINE><BODY>Shr 52 cts vs 49 cts
+    Shr diluted 1.95 dlrs vs 1.99 dlrs
+    Net 1,751,609 vs 1,622,503
+    Sales 85.9 mln vs 85.1 mln
+    Year
+    Shr 2.10 dlrs vs 1.99 dlrs
+    Shr diluted 1.95 dlrs vs 1.99 dlrs
+    Net 6,822,493 vs 6,601,717
+    Sales 347.8 mln vs 324.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14315" NEWID="8794">
+<DATE>24-MAR-1987 11:09:11.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1297&#31;reute
+r f BC-PREWAY-INC-&lt;PREW>-4TH   03-24 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREWAY INC &lt;PREW> 4TH QTR LOSS</TITLE>
+<DATELINE>    STAMFORD, CONN., March 24 - 
+    </DATELINE><BODY>Shr loss 64 cts vs loss 1.29 dlrs
+    Net loss 5,732,000 vs loss 4,924,000
+    Sales 18.8 mln vs 23.6 mln
+    Avg shrs 9.0 mln vs 3.8 mln
+    Year
+    Shr loss 1.82 dlrs vs loss 3.65 dlrs
+    Net loss 12,267,000 vs loss 13,911,000
+    Sales 112.8 mln vs 129.3 mln
+    Avg shrs 6.7 mln vs 3.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14316" NEWID="8795">
+<DATE>24-MAR-1987 11:09:16.99</DATE>
+<TOPICS><D>acq</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1298&#31;reute
+r f BC-MOORE-MCCORMACK-&lt;MMR>   03-24 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOORE-MCCORMACK &lt;MMR> COMPLETES UNIT SALE</TITLE>
+<DATELINE>    STAMFORD, Conn., March 24 - </DATELINE><BODY>Moore McCormack Resources Inc
+said it has completed the previously-announced sale of its
+Interlake Steamship Co and Moore McCormack Bulk Transport Inc
+Great Lakes and ocean bulk shipping units to James R. Barker.
+    The company said president Paul Tregurtha has succeeded
+Barker as chairman and chief executive officer of Moore
+McCormack.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14317" NEWID="8796">
+<DATE>24-MAR-1987 11:09:45.23</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>egypt</D><D>sudan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1301&#31;reute
+r f BC-SUDAN-REJECTS-IMF-DEM   03-24 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUDAN REJECTS IMF DEMAND FOR DEVALUATION</TITLE>
+<DATELINE>    CAIRO, March 24 - </DATELINE><BODY>Sudan has rejected a demand by the
+International Monetary Fund for a currency devaluation because
+such a move would have a negative impact on its economy, the
+official Sudan News Agency (SUNA) reported.
+    Finance Minister Beshir Omer, quoted by SUNA, said his
+government also rejected an IMF demand to lift state subsidies
+on basic consumer goods.
+    SUNA, monitored by the British Broadcasting Corporation,
+said Omer made the remarks after a meeting in Khartoum
+yesterday with IMF envoy Abdel-Shakour Shaalan.
+    Sudan, burdened by a foreign debt of 10.6 billion dlrs, is
+some 500 mln dlrs in arrears to the IMF, which declared it
+ineligible for fresh loans in February last year.
+    In February 1985, Sudan announced a 48 pct devaluation of
+its pound against the dollar, adjusting the official exchange
+rate to 2.5 pounds to the U.S. Currency.
+    Since then, it has resisted pressure from main creditors
+for more currency adjustments, arguing that past devaluations
+had failed to boost exports but raised local consumer prices.
+Sudan also has an incentive rate of four pounds to the dollar
+for foreign visitors and remittances by expatriate workers.
+    Dealers in Khartoum's thriving black market said the dollar
+was sold at 5.5 pounds today.
+    With stringent import regulations and the government
+increasingly short of foreign currency, black market dollars
+are used to finance smuggled imports from neighbouring
+countries, mainly Egypt, Kenya, Ethiopia and Zaire.
+    Western diplomats in Khartoum say the meetings between IMF
+and Sudanese government officials do not amount to formal
+talks, but rather an effort by the IMF to monitor Sudan's
+economic performance.
+    The diplomats said Sudan hoped a planned four-year economic
+recovery program would be acceptable to the IMF as a serious
+attempt to tackle the country's economic troubles and persuade
+its Gulf Arab creditors to pay the IMF arrears.
+    This, they said, could provide Sudan with a clean bill of
+health from the IMF that it could take to Western government
+creditors, grouped informally in the so-called Paris Club, to
+reschedule debt payments.
+    Twenty-three pct of Sudan's total foreign debt is owed to
+members of the Paris Club, the diplomats said.
+    Sudan's Finance Minister said last month the country's IMF
+representative had told him the fund's executive board was "very
+pleased with the 18.5 mln dlrs arrears we have paid in the past
+couple of months."
+    The representative, Omer Said, said IMF Managing Director
+Michel Camdessus said he would ask Saudi Arabia, to which Sudan
+owes about 1.4 billion dlrs, to help Khartoum to pay more.
+    Sudan has an annual debt liability of nearly 900 mln dlrs
+but set aside only some 200 mln dlrs to service debts in the
+fiscal year ending next June 30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14318" NEWID="8797">
+<DATE>24-MAR-1987 11:10:03.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1303&#31;reute
+r f BC-SOUTHERN-NATIONAL-COR   03-24 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN NATIONAL CORP &lt;SNAT> SETS STOCK SPLIT</TITLE>
+<DATELINE>    LUMBERTON, N.C., March 24 - </DATELINE><BODY>Southern National corp said its
+board declared a three-for-two stock split, payable to
+shareholders of record on May 22.
+    A company spokeswoman said the payable date for the split
+has not yet been fixed but would be shortly after the record
+date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14319" NEWID="8798">
+<DATE>24-MAR-1987 11:11:47.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1315&#31;reute
+d f BC-IONE-COMPLETES-INITIA   03-24 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IONE COMPLETES INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    MINNEAPOLIS, March 24 - </DATELINE><BODY>&lt;Ione Inc>, which buys, sells and
+manages retail gift, sundries and smokeshops located in hotels,
+said it successfully completed a 1.8 mln share common stock
+initial public offering at 25 cts a share.
+    Rudy Steury, Ione president, said Ione will use the
+proceeds to further develop its retail shop network, as well as
+to purchase and resell more shops.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14320" NEWID="8799">
+<DATE>24-MAR-1987 11:12:30.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1319&#31;reute
+u f BC-NATIONAL-SEMICONDUCTO   03-24 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL SEMICONDUCTOR&lt;NSM> CITES IMPROVED RESULTS</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 24 - </DATELINE><BODY>National Semiconductor Corp
+said improved results at its Semiconductor Group helped reduce
+losses in the third quarter and nine months.
+    In the quarter ended March 8, the group had a modest sales
+increase and major improvement in operating performance
+compared to the year-ago quarter, the company said.
+    But results softened from the prior quarter because of low
+bookings last fall for third quarter shipment and holiday
+shutdowns, it said.
+    The semiconductor maker cut net losses to 25.6 mln dlrs or
+31 cts a share from 39.4 mln dlrs or 47 cts in the quarter.
+    Losses in the nine months were reduced to 32.7 mln dlrs or
+44 cts from 84.4 mln dlrs or one dlr. Sales grew 23.5 pct in
+the quarter to 398.1 mln dlrs and 25.5 pct in the nine months
+to 1.36 billion dlrs.
+    Bookings recovered in the latter part of the third quarter,
+the company said. Despite the improvement in order rates and
+operating results year-to-year, pricing continues to be
+"aggressive for many products," it said.
+    Nevertheless, it expects the semiconductor business will
+continue to improve this year. The Information Systems Group
+will continue strong sales growth based on recent order trends
+and new product introductions, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14321" NEWID="8800">
+<DATE>24-MAR-1987 11:12:49.78</DATE>
+<TOPICS><D>grain</D><D>sugar</D><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L T
+&#22;&#22;&#1;f1321&#31;reute
+d f BC-EC-COLD-AID-FOOD-SCHE   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COLD AID FOOD SCHEME MAY BE MADE PERMANENT</TITLE>
+<DATELINE>    BRUSSELS, March 24 - </DATELINE><BODY>Emergency action to distribute
+European Community (EC) food surpluses to the poor has proved
+so successful that the EC executive Commission may propose a
+permanent scheme, a Commission spokesman said.
+    Almost 60,000 tonnes of food was taken out of EC stores
+between January 20, when Agriculture Ministers approved the
+scheme, and March 13, according to latest commission figures.
+    The food, including 30,000 tonnes of cereals, 6,000 tonnes
+of sugar, 4,000 tonnes of beef and 13,300 tonnes of butter, has
+been distributed to the needy through charities.
+    The present scheme was approved as an emergency measure to
+help poor people affected by this year's unusually cold winter
+and will end on March 31.
+    But the spokesman said the commission will consider whether
+to propose it be replaced by an all-year-round system.
+    The commission estimates that up to March 13 the temporary
+scheme cost between 63 and 68 mln European currency units
+(72/78 mln dlrs). This is above the 50 mln Ecu (57 mln dlr)
+ceiling originally envisaged by the Ministers.
+    However, commission sources said the real cost was small if
+account is taken of the expense of keeping food in store until
+its quality and value deteriorates.
+    On the other hand, the impact of the temporary scheme on EC
+food surpluses has been slight. EC surplus food stocks at
+January 31 included 1.28 mln tonnes of butter, 520,000 tonnes
+of beef and over 10 mln tonnes of cereals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14322" NEWID="8801">
+<DATE>24-MAR-1987 11:12:55.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1322&#31;reute
+f f BC-******FORD-MID-MARCH   03-24 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORD MID-MARCH CAR SALES UP 15.2 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14323" NEWID="8802">
+<DATE>24-MAR-1987 11:13:35.22</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1324&#31;reute
+b f BC-/-FED-MAY-ADD-RESERVE   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED MAY ADD RESERVES, ECONOMISTS SAY</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>The Federal Reserve may intervene in
+the government securities market to add reserves today, some
+economists said, although others felt that the Fed was likely
+to refrain from any action.
+    Those who believed the Fed will intervene said it would
+probably add temporary reserves indirectly via 1.5 to two
+billion dlrs of customer repurchase agreements.
+    But others noted the Fed's current add-need is not large.
+They also expected the federal funds rate to edge lower.
+    Fed funds, which averaged 6.21 pct on Monday, opened at
+6-1/8 pct and remained at that level in early trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14324" NEWID="8803">
+<DATE>24-MAR-1987 11:14:19.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1329&#31;reute
+u f BC-CREDIT-NATIONAL-ISSUE   03-24 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT NATIONAL ISSUES 100 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Credit National is issuing a 100 mln dlr
+eurobond, due April 23, 1992 with a 7-3/8 pct coupon and priced
+at 101-5/8 pct, LTCB International said as lead manager.
+    The bonds, guaranteed by the French government, will be
+issued in denominations of 5,000 dlrs and will be listed in
+Luxembourg. Gross fees of 1-7/8 pct comprise 5/8 pct for
+management and underwriting combined and 1-1/4 pct for selling.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14325" NEWID="8804">
+<DATE>24-MAR-1987 11:14:39.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1332&#31;reute
+r f BC-E-TRON-CORP-REACHES-A   03-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E-TRON CORP REACHES AGREEMENT WITH FORMER PRES</TITLE>
+<DATELINE>    EDISON, N.J., March 24 - </DATELINE><BODY>E-tron Corp said it will submit a
+settlement agreement reached with its former president to the
+bankruptcy court for approval.
+    It said the settlement stems from a suit against the former
+company president.
+    E-tron, which is in Chapter 11, said the settlement calls
+for Irwin Lampert to return 2,350,000 shares of E-tron stock to
+its treasury, and prohibits Lampert from starting a business
+competive with E-tron, the company said.
+    It added Irwin must repay certain debts, also.
+    E-tron said it will submit soon a creditor proposal plan to
+get out of Chapter 11.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14326" NEWID="8805">
+<DATE>24-MAR-1987 11:15:34.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1339&#31;reute
+r f BC-SALOMON-OFFERS-UNITS   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON OFFERS UNITS OF VAN DUSEN AIRPORT L.P.</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Salomon Brothers Inc, acting as sole
+underwriter, said it is publicly offering 50,000 units of Van
+Dusen Airport Services Co, L.P.
+    The offering consists of 50 mln dlrs of 12 pct senior
+subordinated notes due 1997 and 50,000 contingent payment
+obligations. The notes are priced at par, or 1,000 dlrs each.
+    A unit has one par value note and one contingent payment
+obligation. The notes are redeemable by Van Dusen after March
+15, 1992, Salomon said.
+    A payment obligation entitles the holder to receive a cash
+payment under certain events, or to certain repurchase rights.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14327" NEWID="8806">
+<DATE>24-MAR-1987 11:15:49.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1341&#31;reute
+d f BC-BERLINER-BANK-SAYS-ST   03-24 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERLINER BANK OUTLINES LOSSES</TITLE>
+<DATELINE>    WEST BERLIN, March 24 - </DATELINE><BODY>&lt;Berliner Bank AG> has suffered
+losses of between 25 mln and 30 mln marks on credits extended
+by its Stuttgart branch by bank officials who exceeded their
+powers, a bank spokesman said.
+    The spokesman, replying to queries about press reports,
+said he could not rule out the possibility that the final loss
+figure may be slightly above this range.
+    Late last week the bank said only that the losses from the
+credits in Stuttgart would be in the "double-digit millions."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14328" NEWID="8807">
+<DATE>24-MAR-1987 11:16:19.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1345&#31;reute
+r f BC-ALPHA-INDUSTRIES-&lt;AHA   03-24 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALPHA INDUSTRIES &lt;AHA> GETS FAVORABLE DECISION</TITLE>
+<DATELINE>    WOBURN, Mass., March 24 - </DATELINE><BODY>Alpha Industries Inc said the
+U.S. Court of Appeals has upheld a lower court decision
+dismissing a class action shareholder suit that had alleged
+violations of Securities and Exchange Commission disclosure
+requirements and racketeering laws.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14329" NEWID="8808">
+<DATE>24-MAR-1987 11:16:22.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1346&#31;reute
+s f BC-HUGHES-SUPPLY-INC-&lt;HU   03-24 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES SUPPLY INC &lt;HUG> SETS QUARTERLY</TITLE>
+<DATELINE>    ORLANDO, Fla., March 24 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay May 22
+    Record May 8
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14330" NEWID="8809">
+<DATE>24-MAR-1987 11:18:00.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1349&#31;reute
+r f BC-FREEPORT-MCMORAN-&lt;FTX   03-24 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEPORT-MCMORAN &lt;FTX> TO OFFER PREFERRED</TITLE>
+<DATELINE>    NEW ORLEANS, March 24 - </DATELINE><BODY>Freeport-McMoRan Inc said it has
+filed for a proposed public offering of 10 mln shares of
+convertible exchangeable preferred stock with a liquidation
+value of 25 dlrs per share.
+    The company said it intends to use the proceeds to repay
+debt incurred in connection with the acquisition of Petro-Lewis
+Corp and shares of American Royalty Trust &lt;ARI>.
+    &lt;Kidder, Peabody and Co Inc> is lead underwriter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14331" NEWID="8810">
+<DATE>24-MAR-1987 11:18:42.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1352&#31;reute
+r f BC-KLEINERT'S-INC-&lt;KLRT>   03-24 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLEINERT'S INC &lt;KLRT> 1ST QTR ENDS FEB 28 NET</TITLE>
+<DATELINE>    PLYMOUTH MEETING, Pa., March 24 -
+    </DATELINE><BODY>Shr 24 cts vs 18 cts
+    Net 359,000 vs 297,000
+    Revs 5,724,000 vs 6,430,000
+    Avg shrs 1,475,0000 vs 1,668,000
+    NOTE: qtrs include tax gain of 147,000 vs 137,000.
+    Prior qtr ended March 1, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14332" NEWID="8811">
+<DATE>24-MAR-1987 11:19:39.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>east-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1357&#31;reute
+u f BC-HOESCH-WINS-22-MLN-MA   03-24 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOESCH WINS 22 MLN MARK ORDER FROM EAST GERMANY</TITLE>
+<DATELINE>    DORTMUND, West Germany, March 24 - </DATELINE><BODY>&lt;Hoesch AG> said its
+&lt;Hoesch Maschinenfabrik Deutschland AG> subsidiary has won a 22
+mln mark East German order for equipment to produce steel
+rope-reinforced conveyor belts.
+    The equipment, to be installed at the VEB Transportgummi
+company in the East German town of Bad Blankenburg, will be
+used to produce belts of up to three meters wide, a company
+statement said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14333" NEWID="8812">
+<DATE>24-MAR-1987 11:22:53.44</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1371&#31;reute
+f f BC-******U.S.-SUPREME-CO   03-24 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SUPREME COURT ALLOWS OFFSHORE ALASKAN OIL AND GAS EXPLORATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14334" NEWID="8813">
+<DATE>24-MAR-1987 11:23:59.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1375&#31;reute
+r f BC-GREAT-LAKES-&lt;GLK>-IN   03-24 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT LAKES &lt;GLK> IN VENTURE WITH JOHNSON &lt;JNJ></TITLE>
+<DATELINE>    WEST LAFAYETTE, IND., March 24 - </DATELINE><BODY>Great Lakes Chemical Corp
+said it agreed to make an ingredient to be used by McNeil
+Specialty Products Co, a subsidiary of Johnson and Johnson, in
+the manufacture of sucralose, a high intensity sweetener.
+    Sucralose is currently under review by the Food and Drug
+Administration.
+    Great Lakes Chemical and McNeil Specialty will build the
+facilities needed for production, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14335" NEWID="8814">
+<DATE>24-MAR-1987 11:24:15.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1376&#31;reute
+r f BC-MICRODYME-CORP-&lt;MCDY>   03-24 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRODYME CORP &lt;MCDY> 1ST QTR FEB ONE LOSS</TITLE>
+<DATELINE>    OCALA, Fla., March 24 -
+    </DATELINE><BODY>Shr loss nine cts vs profit two cts
+    Net loss 397,000 vs profit 76,000
+    Revs 3,763,000 vs 6,467,000
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14336" NEWID="8815">
+<DATE>24-MAR-1987 11:24:36.03</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f1377&#31;reute
+b f AM-COURT-OIL   03-24 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COURT ALLOWS OFFSHORE ALASKAN EXPLORATION</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>A unanimous Supreme Court ruled that
+oil and gas exploration can proceed on two tracts off the
+Alaska coast which were leased by the federal government to
+eight major oil companies.
+    The ruling was an important victory for the oil companies
+and the Reagan administration's controversial off-shore leasing
+program and a setback for two small Alaskan villages that
+challenged the leases by claiming damage to the environment.
+    The administration said that the court-ordered halt in
+drilling had created uncertainty over the 4.2 billion dlrs paid
+for 621 leases off the shores of Alaska since December 1980.
+    A federal appeals court ordered the oil companies to halt
+all exploration and remove all drilling rigs from two tracts in
+the Bering Sea off Alaska because of possible harm to the
+subsistence needs and culture of native Eskimos.
+    But the Supreme Court said the appeals court was wrong in
+issuing an injunction halting exploration.
+    "Here, injury to subsistence resources from exploration was
+not at all probable," Justice Byron White wrote for the court.
+"And on the other side of the balance of harms was the fact
+that the oil companies had committed approximately 70 mln dlrs
+to exploration to be conducted during the summer of 1985 which
+they would have lost without chance of recovery had exploration
+been enjoined," he said.
+    The oil companies, Amoco Corp &lt;AN>, ARCO, Exxon Corp &lt;XON>,
+Mobil Corp &lt;MOB>, Sohio, Shell, Texaco Inc &lt;TX> and Union Oil,
+had said that voiding previously granted leases would result in
+staggering financial losses.
+    The first lease sale in 1983 involved 2.4 mln acres and
+generated 318 mln dlrs while the second lease sale in 1984
+covered 37 mln acres and produced 516 mln dlrs.
+    Administration officials, saying the lease sales were
+preceded by an intense environmental impact study, denied that
+the oil and gas exploration would hurt subsistence resources.
+    The Alaskan villages of Gambell and Stebbins, along with an
+organization of Eskimo natives on the Yukon Delta, argued that
+the drilling would hurt native hunting and fishing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14337" NEWID="8816">
+<DATE>24-MAR-1987 11:26:24.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1383&#31;reute
+f f BC-SOUTH-AFRICA/BANKS-AG   03-24 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SOUTH AFRICA/BANKS AGREE NEW DEBT REPAYMENT PLAN, STANDSTILL EXTENDED TO 1990 - BANKERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14338" NEWID="8817">
+<DATE>24-MAR-1987 11:31:36.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1401&#31;reute
+b f BC-SOUTH-AFRICA/BANKS-AG   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SOUTH AFRICA/BANKS WORK OUT DEBT PLAN, STANDSTILL EXTENDED TO 1990 - BANKERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14339" NEWID="8818">
+<DATE>24-MAR-1987 11:32:19.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1403&#31;reute
+b f BC-/FORD-MOTOR-&lt;F>-MID-M   03-24 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD MOTOR &lt;F> MID-MARCH CAR SALES UP</TITLE>
+<DATELINE>    DEARBORN, Mich., March 24 - </DATELINE><BODY>Ford Motor Co said its domestic
+passenger car sales for the nine days from March 11 through
+March 20 rose to 67,672, up 15.2 pct from the 58,729 cars sold
+in the same period last year.
+    Ford said sales for the month-to-date rose as well to
+118,079, versus 106,321 in the same period last year, an 11.1
+pct rise.
+    It added, however, that year-to-date sales from January 1
+fell to 383,380 from 402,599 last year to date, down 4.8 pct.
+    Ford said its truck sales for the nine-day period from
+March 11 through March 20 rose to 50,648 from 39,986 in the
+same period last year.
+    Year-to-date truck sales also climbed to 282,156 from
+266,512 last year-to-date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14340" NEWID="8819">
+<DATE>24-MAR-1987 11:33:44.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1412&#31;reute
+b f BC-SOUTH-AFRICA/BANKS-AG   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA/BANKS AGREE NEW TERMS TO REPAY DEBT</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Representatives of South Africa's
+Standstill Coordinating Committee (SCC) and its commercial bank
+creditors have agreed new terms covering repayments of 14
+billion dlrs of debt, banking sources said.
+    The debt is covered by a standstill agreement that expires
+June 30.
+    Under the new accord, the standstill will be extended for
+three years to June 30, 1990.
+    There will be an immediate repayment of three pct to all
+the banks, to be followed by various payments at six-month
+intervals over the life of the agreement totalling some 1.5
+billion dlrs.
+    The three pct payment will be due July 15, 1987. Subsequent
+repayments will be determined under a complex structure which
+will be based on the maturity structure of individual banks'
+loans, the bankers said.
+    The bankers, who declined to be identified, said the
+agreement also will give banks the option to convert their
+existing debt into term loans for 10-years, with five years
+grace.
+    An agreement reached last year allowed for the conversion
+of the short-term debt covered by the standstill into
+three-year loans.
+    Bankers said today's talks concluded months of intense
+negotiations.
+    They said the South African Finance Ministry is expected to
+make a statement on the agreement later today.
+    A review of South Africa's economy by the economic
+subcommittee of commercial banks is nearing completion and
+should be announced shortly, the bankers said.
+    No further details were immediately available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14341" NEWID="8820">
+<DATE>24-MAR-1987 11:34:02.03</DATE>
+<TOPICS><D>earn</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1413&#31;reute
+u f BC-LOWER-TAX-OFFSETS-LOW   03-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWER TAX OFFSETS LOWER SHELL U.K. UPSTREAM PROFIT</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>&lt;Shell U.K. Ltd's> pre-tax profit on
+exploration and production operations fell to 869 mln stg in
+1986 from 2.12 billion in 1985 due to the fall in oil prices
+last year, Shell U.K. Finance director Nigel Haslam said.
+    But he told a press conference that due to the high
+marginal tax rate on North Sea operations, the main impact of
+the drop in profit was absorbed by a fall in taxation to 330
+mln stg from 1.45 billion in 1985.
+    The bulk of tax last year was Corporation Tax, with
+Petroleum Revenue Tax (PRT) representing only 16 mln stg, he
+said.
+    As a result, post-tax profit from the exploration and
+production sector fell by only 126 mln stg to 539 mln.
+    Earlier, Shell U.K., a subsidiary of Royal Dutch/Shell
+Group &lt;RD.AS>, reported an overall net profit of 757 mln stg,
+up from 667 mln in 1985, on sales of 6.57 billion stg against
+8.81 mln.
+    Shell U.K. Chairman Bob Reid said the company's crude oil
+output from the North Sea was at a record 373,000 bpd in 1986,
+which would almost certainly prove to be a peak for the
+company. Shell expects a fall in output of around 10 pct in the
+current year to around 340,000 bpd, due mainly to the decline
+in output from the major Brent field, he said.
+    Gas output of 5.9 billion cubic metres and natural gas
+liquids output of around one mln tonnes in 1986 are expected to
+be maintained in 1987, he said.
+    A final decision on development of the Kittiwake and Osprey
+North Sea oil fields will be made in the next 12 to 18 months,
+Reid said. The Kittiwake field, originally part of the 2.5
+billion stg Gannet project abandoned last year when the oil
+price fell, is now estimated to cost around 350 mln stg.
+    Economies on development costs for the Tern and Eider North
+Sea fields, which were approved last year, have brought the
+cost down to 30 to 35 pct below the original budget.
+    Day to day operating costs of the exploration and
+production sector had been cut 10 pct last year, and the target
+is to keep costs per barrel constant.
+    The company drilled 17 wells offshore, with 10 leading to
+the discovery of hydrocarbons, although it is too early to
+gauge the commercial viability of these discoveries, Reid said.
+    Restructuring of the downstream oil sector contributed to a
+profit rise to 187 mln stg in 1986 from 91 mln stg in 1985.
+    Jaap Klootwijk, managing director of downstream unit &lt;Shell
+U.K. Oil>, said refining margins in the first quarter of 1987
+were a "bit better than the very bad fourth quarter 1986."
+    In November and December in particular, refining operations
+had shown negative margins following the fall in crude and oil
+product prices, he said. He expected margins to continue
+generally positive over the summer, although they could dip to
+become negative from time to time, depending on price
+movements.
+    A new catalytic cracker at Shell's Stanlow refinery will
+now come on stream by the end of first quarter 1988, about five
+months behind schedule, following a crane accident which
+severely damaged the plant last year, he said.
+    Profits from the chemicals sector rose to 33 mln stg from
+11 mln after the rationalisation of the Carrington chemical
+site.
+    Haslam said the Budget announcement on PRT relief, by which
+companies will be allowed to offset up to 10 pct of qualifying
+development expenditure on certain future oil fields against
+PRT, was "helpful," but rather less than had been hoped for.
+    Reid said his estimate of crude oil prices this year was in
+the range of 15 to 18 dlrs. If prices went much above that, he
+would expect some over-production above OPEC"s official 15.8 mln
+bpd output ceiling which would tend to bring prices back down.
+    He said it looked as if the December OPEC pact to restrain
+output was holding, bringing supply and demand into balance,
+but the test will come in summer when demand for OPEC oil will
+fall.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14342" NEWID="8821">
+<DATE>24-MAR-1987 11:35:56.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1424&#31;reute
+u f BC-VOLKSWAGEN-U.S.-MID-M   03-24 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLKSWAGEN U.S. MID-MARCH CAR SALES DOWN</TITLE>
+<DATELINE>    DETROIT, March 24 - </DATELINE><BODY>Volkswagen U.S. Inc said its mid-March
+car sales fell 35 pct from the same period last year.
+    Volkswagen said it sold 1,330 cars in the March 11-20
+period, down from 2,047 last year.
+    For the first two March sales periods, Volkswagen sold
+2,179 U.S. cars, down 23.7 pct from 2,856 last year. Year to
+date car sales were 8,806, down 41.5 pct from 15,050 last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14343" NEWID="8822">
+<DATE>24-MAR-1987 11:38:45.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1446&#31;reute
+f f BC-******CALNY-INC-REJEC   03-24 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CALNY INC REJECTS PEPSICO INC ACQUISITION OFFER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14344" NEWID="8823">
+<DATE>24-MAR-1987 11:39:13.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1448&#31;reute
+u f BC-DIXONS-PLANS-TO-LET-C   03-24 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIXONS PLANS TO LET CYCLOPS &lt;CYL> OFFER EXPIRE</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Dixons Group PLC said it does not plan
+to extend the expiration date of its tender offer for any and
+all common shares of Cyclops Corp beyond tonight.
+    Dixons said it would accept shares validly tendered and not
+withdrawn by midnight tonight.
+    Dixons, which is offering 90.25 dlrs a share for Cyclops,
+said last week it had about 54 pct of Cyclops common shares.
+Its offer originally was scheduled to expire March 17 but was
+extended for one week.
+    Yesterday Citicorp &lt;CCI>, with Audio/Video Affiliates Inc
+&lt;AVA> an owner of CYACQ, said it had offered to acquire from
+Dixons after the merger of Cyclops into Dixons, Cyclops'
+industrial businesses for 12.8 mln dlrs more than Alleghany
+Corp &lt;Y> is currently scheduled to pay for them.
+    Citicorp said yesterday that its proposal would allow
+Dixons to raise its tender price to 93.25 dlrs per share.
+Citicorp said if Dixons accepted the proposal, CYACQ would
+terminate its competing 92.50 dlr offer for Cyclops.
+    Citicorp had suggested yesterday that Dixons extend its
+tender until March 31 in connection with the price increase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14345" NEWID="8824">
+<DATE>24-MAR-1987 11:40:26.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1453&#31;reute
+r f BC-S/P-UPGRADES-IOWA-ILL   03-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P UPGRADES IOWA-ILLINOIS GAS &lt;IWG> PREFERRED</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Standard and Poor's said it upgraded
+31 mln dlrs of preferred and preference stock of Iowa-Illinois
+Gas and Electric Co.
+    It raised the preferred stock to AA-minus from A-plus and
+preference stock to A-plus from A and affirmed Iowa-Illinois'
+AA senior debt, AA-minus subordinated debt and A-1-plus
+commercial paper. The utility has 350 mln dlrs of debt
+securities outstanding.
+    S and P said the upgrade reflected the firm's overall
+strong profile, high quality earnings and cash flow, and
+prospects for modest preferred and preference stock usage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14346" NEWID="8825">
+<DATE>24-MAR-1987 11:45:01.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1467&#31;reute
+b f BC-FINNISH-EXPORT-CREDIT   03-24 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH EXPORT CREDIT ISSUES DANISH CROWN BONDS</TITLE>
+<DATELINE>    COPENHAGEN, March 24 - </DATELINE><BODY>Finnish Export Credit Ltd issued
+bonds for 450 mln Danish crowns in three bullet tranches each
+of 150 mln crowns, an official at joint lead manager Copenhagen
+Handelsbank A/S told Reuters.
+    All three tranches bear an 11 pct coupon, with average
+issue price of 101-1/8 and average fees of 1-1/2 pct, payment
+date May 14, 1987. Denominations are 10,000 crowns and
+registration is in Luxembourg.
+    The bonds mature respectively in May 1989, 1990 and 1991
+and are being syndicated as a package but quoted separately.
+Handelsbank is joint lead with Prudential-Bache Securities Int.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14347" NEWID="8826">
+<DATE>24-MAR-1987 11:45:59.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1470&#31;reute
+r f BC-INTERNATIONAL-CLINICA   03-24 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL CLINICAL LABORATORIES INC &lt;ICLB></TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 24 -
+    </DATELINE><BODY>Shr nine cts vs seven cts
+    Net 676,000 vs 509,000
+    Revs 48.5 mln vs 39.9 mln
+    1st half
+    Shr 12 cts vs 17 cts
+    Net 923,000 vs 1,248,000
+    Revs 94.1 mln vs 79.5 mln
+    NOTE:Current half net includes charge 500,000 dlrs from
+reversal of investment tax credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14348" NEWID="8827">
+<DATE>24-MAR-1987 11:46:09.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1471&#31;reute
+r f BC-PUNTA-GORDA-&lt;PGA>-CAN   03-24 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUNTA GORDA &lt;PGA> CANCELS RIGHTS OFFERING</TITLE>
+<DATELINE>    PUNTA GORDA, Fla., March 24 - </DATELINE><BODY>Punta Gorda Isles Inc said it
+has cancelled a proposed rights offering to its shareholders
+due to a previously-announced 7,500,000 dlr private sale of
+preferred stock to Love Development and Investment Co, which is
+scheduled to close before the end of the second quarter.
+    The company said due to the cancellation, conversion prices
+for its convertible debentures have returned to their initial
+levels.  It said it issued no shares or rightsd in connection
+with the proposed rights offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14349" NEWID="8828">
+<DATE>24-MAR-1987 11:46:20.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1472&#31;reute
+d f BC-MIDAM-SETS-TRADING-AT   03-24 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDAM SETS TRADING AT NEW CBT LOCATION MARCH 30</TITLE>
+<DATELINE>    CHICAGO, March 24 - </DATELINE><BODY>The Midamerica Commodity Exchange, an
+affiliate of the Chicago Board of Trade, CBT, that offers
+smaller versions of several futures contracts traded on other
+exchanges, will begin trading in its new quarters within the
+CBT complex on March 30, the CBT announced.
+    Concurrent with the move from its current site a few blocks
+away, the trading hours of the Midam's Treasury bond futures
+contract will expand to between 0720 and 1515 local time from
+0800 to 1415 currently.
+    The Midam's T-bond contract has a face value half the size
+of the CBT's 100,000 dlr T-bond contract, the most active
+futures contract traded.
+    The Midam also offers smaller-sized futures and options on
+currencies, precious metals, grains and livestock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14350" NEWID="8829">
+<DATE>24-MAR-1987 11:46:59.87</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1473&#31;reute
+r f BC-NORWEGIAN-CENTRAL-BAN   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWEGIAN CENTRAL BANK RESERVES FALL IN JANUARY</TITLE>
+<DATELINE>    OSLO, March 24 - </DATELINE><BODY>Norway's Central Bank reserves totalled
+91.06 billion crowns in January, against 93.07 billion in
+December and 105.29 billion in January 1986, the central bank
+said in its monthly balance sheet.
+    Foreign exchange reserves totalled 83.68 billion crowns,
+compared with 85.52 billion in December and 99.19 billion
+crowns a year ago. Gold reserves totalled 284.7 mln crowns,
+unchanged from the previous month and the year-ago figure.
+    Central bank special drawing right holdings were 2.82
+billion crowns, compared with 2.89 billion in December and 2.13
+billion a year ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14351" NEWID="8830">
+<DATE>24-MAR-1987 11:48:16.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1478&#31;reute
+r f BC-GNB-JOINS-IN-LEVERAGE   03-24 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GNB JOINS IN LEVERAGED BUYOUT OF FRENCH UNIT</TITLE>
+<DATELINE>    MINNEAPOLIS, Minn., March 24 - </DATELINE><BODY>&lt;GNB Inc> said it joined
+with the management of the French company Compagnie Francaise
+d'Electro-Chimie to purchase the company for an undisclosed
+amount.
+    The French company, which produces lead-acid batteries, had
+sales in 1986 of 75 mln dlrs, GNB said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14352" NEWID="8831">
+<DATE>24-MAR-1987 11:49:52.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1479&#31;reute
+u f BC-LB-RHEINLAND-PFALZ-IS   03-24 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LB RHEINLAND-PFALZ ISSUES AUSTRALIA DLR BOND</TITLE>
+<DATELINE>    London, March 24 - </DATELINE><BODY>Landesbank Rheinland-Pfalz Finance BV is
+issuing a zero coupon 75 mln Australia dlr bond due May 7, 1992
+priced at 52-3/4 pct for an effective yield to maturity of
+14-1/4 pct, said Orion Royal Bank as lead manager.
+    The issue is guaranteed by parent company Landesbank
+Rheinland-Pfalz Girozentrale, which is jointly owned by the
+West German state of Rheinland-Pfalz and local savings banks.
+    Payment is set for May 7 and the securities will be listed
+on the Luxembourg stock exchange. Denominations are 1,000 and
+10,000 dlrs with a 7/8 pct selling concession and a combined
+management and underwriting fee of 1/2 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14353" NEWID="8832">
+<DATE>24-MAR-1987 11:49:58.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1480&#31;reute
+h f BC-CONTROL-RESOURCE-&lt;CRI   03-24 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTROL RESOURCE &lt;CRIX> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    MICHIGAN CITY, IND., March 24 - </DATELINE><BODY>Control Resource Industries
+Inc said it named R. Joseph Clancy as president.
+    R. Steven Lutterbach, who previously held the president's
+title, continues as chairman and chief executive officer.
+    Clancy was a vice president and member of the board of
+directors.
+    The company also named Cody Geddes as vice president and
+chief financial officer, succeeding John Wojcik, who remains as
+executive vice president.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14354" NEWID="8833">
+<DATE>24-MAR-1987 11:55:32.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1496&#31;reute
+f f BC-******CHRYSLER-MID-MA   03-24 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER MID-MARCH U.S. CAR SALES DOWN 3.6 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14355" NEWID="8834">
+<DATE>24-MAR-1987 11:56:21.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1499&#31;reute
+r f BC-HERCULES-&lt;HPC>-NAMES   03-24 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERCULES &lt;HPC> NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    WILMINGTON, Del, March 24 - </DATELINE><BODY>Hercules Inc said it named
+David Hollingsworth as chairman and chief executive, succeeding
+Alexander Giacco who is retiring effective April 1.
+    Hercules also said it named Fred Buckner as president and
+chief operating officer and Arden Engebretsen as vice chairman
+and chief financial officer.
+    The company also said it expects its new product, Synpulp,
+to grow into a 100 mln dlr a year business over the next five
+years. Metton, another new product, is expected to yield
+300-500 mln dlrs a year by the late 1990s.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14356" NEWID="8835">
+<DATE>24-MAR-1987 11:56:43.86</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1500&#31;reute
+d f BC-econ   03-24 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OIL TAX BREAK RIDICULED BY U.S. HOUSE TAXWRITER</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>A House taxwriter said Energy
+Secretary James Herrington's "outrageous" plan to restore an old
+tax break for oil companies was both bad tax and energy policy.
+    Rep. Pete Stark, a California Democrat and senior House
+Ways and Means Committee member, said Herrington's plan for a
+27.5 pct depletion allowance--which in effect is a special 27.5
+pct tax deduction --would cost seven billion dlrs a year.
+    "He must have missed the last two years of federal tax
+reform by sleeping as soundly as Rip Van Winkle," Stark said.
+    He said in a statement the oil industry already pays an
+effective lower rate of U.S. tax on investment, 15 pct versus
+aggregate corporate tax on all investment of 34 pct, according
+to a recent Congressional Research Service study.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14357" NEWID="8836">
+<DATE>24-MAR-1987 11:58:34.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1511&#31;reute
+u f BC-CALNY-&lt;CLNY>-REJECTS   03-24 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALNY &lt;CLNY> REJECTS PEPSICO ACQUISITION OFFER</TITLE>
+<DATELINE>    SAN MATEO, Calif, March 24 - </DATELINE><BODY>Calny Inc said its board
+rejected as inadequate the unsolicited offer by PepsiCo Inc
+&lt;PEP> subsidiary Taco Bell Corp for all Calny's outstanding
+common stock at 11.50 dlrs cash per share.
+    Taco Bell recently acquired 9.9 pct of Calny's outstanding
+stock, Calny said.
+    Calny said it retained Oppenheimer and Co Inc to consider
+various financial and strategic alternatives available to the
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14358" NEWID="8837">
+<DATE>24-MAR-1987 11:58:40.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1512&#31;reute
+f f BC-******K-MART-CORP-RAI   03-24 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>K MART CORP RAISES DIVIDEND 17.6 PCT, VOTES THREE-FOR-TWO STOCK SPLIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14359" NEWID="8838">
+<DATE>24-MAR-1987 11:59:00.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1515&#31;reute
+r f BC-CONTROL-DATA-&lt;CDA>-LA   03-24 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTROL DATA &lt;CDA> LAUNCHES NEW CYBER SYSTEM</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Control Data Corp, the computer
+concern, is introducing its first department computer, the
+CYBER 180 Model 930, which will integrate a computer network
+starting with desktop computers through its mainframe line to
+the supercomputer.
+    "For Control DATA, it signals our intent to compete in our
+marketplace more completely than ever before," said Gil
+Williams, Control Data's vice president of Computer Systems, one
+of six business units.
+    The large Minneapolis-based computer concern, hit hard
+after two years of huge losses, has said it anticipates a
+profitable year ahead. But Control's computer business has not
+been profitable since 1983.
+    Last year, the company lost 264.5 mln dlrs, including a
+fourth quarter restructuring charge of 139.9 mln dlrs and a
+one-time loss of 69 mln dlrs.
+    "We will use the 930 strategically not only to solidify and
+expand relationships with existing loyal customers...but also
+to create new sales opportunities for the corporation with
+businesses large and small," said Williams.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14360" NEWID="8839">
+<DATE>24-MAR-1987 12:00:36.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1518&#31;reute
+u f BC-TALKING-POINT/U.S.-BR   03-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/U.S. BROKERAGE FIRMS</TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    New York, March 24 - </DATELINE><BODY>Wall Street's biggest brokerage firms,
+eager for funds and foreign ties to fuel international
+expansion, are expected to find more partnerships among Japan's
+cash-rich companies, analysts said.
+    Yesterday, American Express Co's &lt;AXP> board formally
+approved a linkup with &lt;Nippon Life Insurance Co> for itself
+and its &lt;Shearson Lehman Brothers Inc> brokerage unit. Nippon
+Life will receive 13 pct of Shearson for 538 mln dlrs.
+    Nippon Life's investment in Shearson follows last year's
+investment by &lt;Sumitomo Bank Ltd> in &lt;Goldman, Sachs and Co>.
+Sumitomo paid 500 mln dlrs for 12.5 pct of the firm.
+    "There certainly is potential for additional investment or
+further linkups with other Japanese financial institutions. I
+think the pattern has established itself here, and it's
+reasonable to expect further investment down the road," said
+Prudential-Bache Securities analyst Larry Eckenfelder.
+    Speculation of such partnerships spread to other brokerage
+stocks, resulting in rising stock prices in recent sessions.
+    "The brokerage industry needs capital and the evolution of
+the value of the yen and the dollar suggests there's going to
+be a great deal of investment by Japanese firms in the U.S.,"
+said another analyst.
+    As globalization of the financial markets accelerates,
+Japanese firms are expected to turn their sights on the
+expertise of the U.S. brokerage industry.
+    Competiton to gain a foothold in the important asian market
+and Europe has also created a craving for more capital by U.S
+firms.
+    "Morgan (Stanley), First Boston, Salomon (Brothers),
+Merrill (Lynch). Those would be the firms more likely to
+consider hooking up with a Japanese firm, and those would be
+the ones the Japanese would be most interested in," Eckenfelder
+said.
+    All of those firms, he said, have been establishing
+themselves in Japan.
+    While Wall Street views the investment by Nippon favorably,
+there is some underlying concern that Japanese companies may
+learn enough from their U.S. partners to ultimately pose the
+same type of competitive threat they have
+made in electronics and automobiles.
+    "The difficult issue is what investment really will lead to
+as markets deregulate. Passive investment is an education
+gathering period. Obviously, there are regulatory barriers
+toward exercising management control," said Samuel Liss, a
+brokerage industry analyst with Salomon Brothers.
+    The Nippon purchase of a stake in Shearson must be approved
+by U.S. regulators and the Japan Finance Ministry. There will
+also be a public offering for 18 pct of Shearson.
+    Nippon and Shearson have already said they would form a
+joint venture company in London to work on investment advisory,
+asset management, and consulting on financing.
+    Analysts believe Nippon has willingly paid a premium for
+its stake, but it will also receive warrants for one mln
+American Express shares and the 13 mln shares in Shearson will
+be cumulative preferred, convertible to common after U.S.
+regulatory approval is granted.
+    American Express has also guaranteed it will retain a
+minimum of 40 pct of Shearson until 1990.
+    American Express and Nippon are also expected to work
+closely. For instance, analysts expect it to market the
+American Express card more actively in Japan with the help of
+Nippon.
+    "The key to the deal is not just raising capital for
+Shearson, but forming a strategic alliance with Nippon," said
+Alan Zimmerman of Kidder, Peabody and Co.
+    American Express stock responded favorably to the
+announcements, climbing 2-1/8 to 79 in active trading today.
+    Some analysts believe Nippon is also interested in gaining
+a foothold in the U.S. market with the help of American Express
+and Shearson.
+    Analysts predicted other Japanese insurers may be eager to
+follow Nippon Life. U.S. insurers have found numerous partners
+themselves in the brokerage industry.
+    For instance, Equitable Life Assurance Co owns Donaldson,
+Lufkin and Jenrette Securities Corp, and Prudential Life
+Insurance Co owns Prudential-Bache Securities Inc.
+    Eckenfelder said Japanese brokerage firms would not be
+likely acquirors of U.S. firms for the time being, although
+they have often been rumored suitors in the past. Last year,
+when Shearson unsuccessfully courted E.F. Hutton Group &lt;EFH>,
+Japanese firms were also rumored to be willing partners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14361" NEWID="8840">
+<DATE>24-MAR-1987 12:01:07.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1520&#31;reute
+r f BC-OLIVETTI-ADDS-COMPUTE   03-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIVETTI ADDS COMPUTER, SOFTWARE TO PRODUCT LINE</TITLE>
+<DATELINE>    IVREA, Italy, March 24 - </DATELINE><BODY>Ing C. Olivetti EC Spa &lt;OLIV.MI>
+said a new computer and software have been added to its 3B Unix
+computer line, which is developed by American Telephone and
+Telegraph Co &lt;A> and distributed by Olivetti outside the U.S.
+    Olivetti said in a statement that the new computer is
+equipped with higher storage capacity and can support up to 64
+simultaneous users.
+    The new software will improve connections between 3B
+systems and other manufacturers' systems and simplify display
+and printing capabilities in various languages, Olivetti said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14362" NEWID="8841">
+<DATE>24-MAR-1987 12:01:36.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1522&#31;reute
+u f BC-BANCA-CATTOLICA-IN-10   03-24 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCA CATTOLICA IN 100 MLN DLR CD ISSUE</TITLE>
+<DATELINE>    VICENZA, Italy, March 24 - </DATELINE><BODY>Banca Cattolica del Veneto SpA
+said it had signed an accord with Manufacturers Hanover Trust
+Co of New York covering a 100 mln dlr certificates of deposit
+issue in London.
+    Maturities on the certificates will be between seven and
+365 days.
+    The bank said the issue would be placed with international
+institutional and private investors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14363" NEWID="8842">
+<DATE>24-MAR-1987 12:01:49.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1523&#31;reute
+f f BC-******FED'S-HELLER-AD   03-24 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S HELLER ADVOCATES COMMODITY PRICES AS GUIDE FOR MONETARY POLICY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14364" NEWID="8843">
+<DATE>24-MAR-1987 12:02:47.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1528&#31;reute
+b f BC-BAYERISCHE-VEREINSBAN   03-24 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYERISCHE VEREINSBANK SELLS WARRANTS ON BONDS</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Bayerische Vereinsbank is issuing
+100,000 "naked warrants' at 15 dlrs each, which are convertible
+for up to one year into a 1,000 Australia dlr bond due April
+30, 1992, said Merrill Lynch capital markets as lead manager.
+    Payment is due April 30, 1987 and total fees are three pct.
+Of that, there is a two pct selling concession with the
+remainder a combined management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14365" NEWID="8844">
+<DATE>24-MAR-1987 12:04:11.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1535&#31;reute
+b f BC-BANCO-DI-SICILIA-INTE   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCO DI SICILIA INTERNATIONAL ISSUES EUROBOND</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Banco di Sicilia International SA is
+issuing a 30 mln U.S. Dlr, zero coupon eurobond due April 15,
+1992 and priced at 70.40, Nomura International Ltd said as
+joint bookrunner.
+    The bonds, which yield an effective 7.66 pct per annum,
+will be listed in Luxembourg and will be issued in
+denominations of 10,000 dlrs. They are guaranteed by Banco di
+Sicilia.
+    Gross fees of 1-1/4 pct comprise 1/2 pct for management and
+underwriting combined and 3/4 pct for selling. Pay date is
+April 15. The other joint bookrunner is Yasuda Trust and Banco
+di Sicilia is co-lead.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14366" NEWID="8845">
+<DATE>24-MAR-1987 12:06:59.80</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1553&#31;reute
+b f BC-/FED-GOVERNOR-SUPPORT   03-24 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED GOVERNOR SUPPORTS COMMODITY PRICE GUIDE</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Robert Heller, a member of the Board
+of Governors of the Federal Reserve System, said commodity
+prices could form a useful guide for setting domestic and
+international monetary policy.
+    Speaking to the conservative Heritage Foundation, Heller
+said, "A broadly based commodity price index may be worth
+exploring" as a guide to monetary policy.
+    "In times of rising commodity prices, monetary policy might
+be tightened and in times of falling commodity prices, monetary
+policy might be eased," he said.
+    Commodities are also standardized to avoid measurement
+problems and occur at the beginning of production so as to give
+"early warning" signs of wholesale and retail changes.
+    "There is no need to react to every small fluctuation in
+commodity prices or to do so on a daily basis," Heller said in a
+prepared text.
+    "But if commodity prices exhibit a broad trend, a policy
+action might be considered," he said.
+    Heller said using a broad-based commodity price index as an
+indicator for monetary policy would also contribute to
+stabilized currency exchange rates.
+    Commodity prices are generally uniform worldwide and prices
+for them are more consistent than for other types of goods, he
+said.
+    He said other beneficial effects would be to stabilize
+export commodity prices for developing countries by using a
+commodity basket as a guidepost for monetary policy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14367" NEWID="8846">
+<DATE>24-MAR-1987 12:07:12.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1554&#31;reute
+b f BC-/K-MART-&lt;KM>-RAISES-P   03-24 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART &lt;KM> RAISES PAYOUT, VOTES SPLIT</TITLE>
+<DATELINE>    TROY, Mich., March 24 - </DATELINE><BODY>K mart Corp said its board approved
+a 17.6 pct increase in the quarterly dividend and declared a
+three-for-two stock split.
+    The company raised its dividend to 43.5 cts a presplit
+share, up from the previous 37 cts a share. After the split,
+the new quarterly dividend rate is equivalent to 29 cts a
+share. It is payable June Eight, record May 21.
+    It said the additional shares will be distributed June
+Five, record May 21.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14368" NEWID="8847">
+<DATE>24-MAR-1987 12:12:09.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1591&#31;reute
+f f BC-******AMERICAN-MOTORS   03-24 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN MOTORS MID-MARCH U.S. CAR SALES OFF 62 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14369" NEWID="8848">
+<DATE>24-MAR-1987 12:13:04.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1597&#31;reute
+b f BC-CHRYSLER-&lt;C>-MID-MARC   03-24 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> MID-MARCH U.S. CAR SALES DOWN</TITLE>
+<DATELINE>    DETROIT, March 24 - </DATELINE><BODY>Chrysler Corp said its U.S. car sales
+dipped 3.6 pct in the mid-March sales period.
+    Chrysler said it sold 30,909 U.S. cars in the March 11-20
+period, down from 32,085 in the same period last year.
+    For the March 1-20 period, Chrysler's domestic car sales
+were off 1.9 pct at 56,195 compared to 57,276 last year.
+    Year-to-date, Chrysler's sales of its domestic cars dropped
+12.9 pct to 188,156 from 215,793.
+    Chrysler said its sales of trucks in the mid-March period
+were 4.8 pct above the 1986 period at 19,020 against 18,145
+last year.
+    Truck sales for the March 1-20 period rose nine pct to
+34,585 from 31,730 last year. Year-to-date truck sales were
+121,616, up 8.8 pct from 111,743.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14370" NEWID="8849">
+<DATE>24-MAR-1987 12:15:09.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1611&#31;reute
+r f BC-SOUTHMARK-&lt;SM>-SELLS   03-24 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHMARK &lt;SM> SELLS NATIONAL HERITAGE STAKE</TITLE>
+<DATELINE>    DALLAS, March 24 - </DATELINE><BODY>National Heritage Inc, a unit of
+Southmark Corp, said it began an initial public offering of two
+mln shares of common stock at a price of 9.50 dlrs a share.
+    All the shares are being offered by National Heritage,
+which will trade under symbol NHER on Nasdaq, through lead
+underwriter Drexel Burnham Lambert Inc.
+    Proceeds will be used to increase working capital, complete
+renovations at leased facilities and repay certain debts to
+Southmark.
+    After the offer, Southmark will retain about 82 pct of the
+11 mln outstanding common shares of National Heritage, which
+operates 201 long-term nursing care facilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14371" NEWID="8850">
+<DATE>24-MAR-1987 12:15:19.47</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D><D>ghana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1612&#31;reute
+u f BC-GHANA-COCOA-PURCHASES   03-24 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GHANA COCOA PURCHASES STILL AHEAD OF LAST YEAR</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>The Ghana Cocoa Board said it purchased
+456 tonnes of cocoa in the 23rd week, ended March 12, of the
+1986/87 main crop season, compared with 684 tonnes the previous
+week and 784 tonnes in the 23rd week ended March 20 of the
+1985/86 season.
+    Cumulative purchases so far this season stand at 217,235
+tonnes, ahead of the 203,884 tonnes purchased by the 23rd week
+of last season, the board said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14372" NEWID="8851">
+<DATE>24-MAR-1987 12:15:49.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1615&#31;reute
+r f BC-NV-PHILIPS-SHARES-MOV   03-24 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NV PHILIPS SHARES MOVE FROM NASDAQ TO NYSE</TITLE>
+<DATELINE>    EINDHOVEN, Netherlands, March 24 - </DATELINE><BODY>Dutch electronics group
+N.V. Philips Gloeilampenfabrieken &lt;PGLO.AS> said it will move
+its New York share listing, currently over the counter in the
+Nasdaq system, to the New York Stock Exchange.
+    Philips, listed on 17 European exchanges, said the move is
+part of an effort to boost its profile in the U.S., Where 10
+pct of all outstanding shares are held. The NASDAQ listing will
+end with the start of the NYSE listing, a spokesman said.
+    The NYSE told Philips it met conditions for a big board
+listing, Philips said, adding it expects the change to be
+effected in April, using the symbol PHG.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14373" NEWID="8852">
+<DATE>24-MAR-1987 12:15:58.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1616&#31;reute
+b f BC-AMERICAN-EXPRESS-UNIT   03-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS UNIT ISSUES NEW ZEALAND DLR BOND</TITLE>
+<DATELINE>    London, March 24 - </DATELINE><BODY>American Express Overseas Credit Corp is
+issuing a 50 mln New Zealand dlr bond due April 27, 1990
+carrying a coupon of 18 pct and priced at 101-1/4, said Hambros
+Bank Ltd as lead manager.
+    The issue is guaranteed by American Express Co. Payment is
+set for April 27, 1987 and the securities will be listed on the
+Luxembourg stock exchange.
+    There is a one pct selling concession and a 1/2 pct
+combined underwriting and management fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14374" NEWID="8853">
+<DATE>24-MAR-1987 12:16:38.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1620&#31;reute
+u f BC-OWENS-ILLINOIS-&lt;OI>-A   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OWENS-ILLINOIS &lt;OI> ACQUISITION COMPLETED</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>OII HoLdings Corp, a concern formed by
+Kohlberg Kravis Roberts and Co, said it completed its
+previously announced acquisition of Owens-Illinois Inc.
+    Under terms of the February 10 agreement, OII paid 60.50
+dlrs per common share and 363 dlrs per 4.75 dlrs convertible
+preferred share.
+    OII said each common share still outstanding at the time of
+the merger has been converted into the right to receive 60.50
+dlrs per share and all preference shares not converted will be
+redeemd on April 22 at a redemption price of 100 dlrs per
+preference share plus accrued and unpaid dividends.
+    OII said it has assumed Owen's 3-3/4 pct sinking fund
+debentures due June 1, 1988, 9.35 pct sinking fund debentures
+due November 1, 1999, and 7-5/8 pct debentures due April 1,
+2001.
+    OII said the New York Stock Exchange said the securities
+will be delisted as a result of the merger. OII said it is
+anticipated that the securities will be traded in the over-the-
+counter market.
+    The surviving company will be known as Owen-Illinois Inc,
+it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14375" NEWID="8854">
+<DATE>24-MAR-1987 12:17:21.05</DATE>
+<TOPICS><D>acq</D><D>gold</D><D>silver</D><D>zinc</D><D>lead</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1626&#31;reute
+r f BC-HECLA-&lt;HL>-TO-BUY-MIN   03-24 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HECLA &lt;HL> TO BUY MINE STAKE FROM BP &lt;BP> UNIT</TITLE>
+<DATELINE>    COEUR D'ALENE, Idaho, March 24 - </DATELINE><BODY>Hecla Mining Co said it
+has agreed to purchase a 28 pct interest in the Greens Creek
+Joint Venture from British Petroleum Co PLC's Amselco Minerals
+Inc unit.
+    The venture expects to bring into production a
+gold-silver-lead-zinc ore body on Admiralty Island, Alaska,
+containing about 3,500,000 short tons of ore assaying about
+0.18 ounce of gold, 24.0 ounces of silver, 9.7 pct zinc and 3.9
+pct zinc per short ton, Hecla said.  It said there is
+significant potential for the discovery of additional ore.
+    Hecla said initial production from a trackless underground
+mine is scheduled for late 1988 at a rate of about 1,000 tons
+or ore per day.  "At this rate, the Greens Creek mine will be
+the largest domestic silver mine and is expected to be one of
+the lowest cost producers."
+    The company said it estimates its total investment in the
+project, including its share of preproduction costs, at about
+45 mln dlrs, to be funded through internally generated cash and
+existing lines of credit.  It said Amselco will retain a
+majority interest in the project.  Other interest holders are
+CSX Corp &lt;CSX> and &lt;Exaias Resources Corp>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14376" NEWID="8855">
+<DATE>24-MAR-1987 12:18:17.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1634&#31;reute
+u f BC-CHRYSLER,-LAMBORGHINI   03-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER, LAMBORGHINI STILL IN JOINT VENTURE TALKS</TITLE>
+<DATELINE>    BOLOGNA, Italy, March 24 - </DATELINE><BODY>Joint venture talks that could
+lead to Chrysler Corp &lt;C> taking a stake in Italian car maker
+&lt;Automobili Lamborghini SpA> are continuing, a Lamborghini
+spokesman said.
+    He told Reuters the two companies are discussing a number
+of topics ranging from "a joint venture in the production area
+to Chrysler becoming a shareholding partner" in the Italian
+firm.
+    The spokesman declined to comment on whether Chrysler was
+interested in acquiring control of Lamborghini or if the two
+sides were close to an accord.
+    He said the two companies are discussing the possibility of
+jointly developing a sports car aimed primarily at the U.S.
+Market.
+    The spokesman said Chrysler officials in Detroit had
+already visited Lamborghini's production plant in Bologna and
+another visit may be scheduled.
+    Lamborghini, which is controlled by the Mimran Group of
+Switzerland, broke even last year on sales of 29 billion lire,
+he said.
+    Chrysler also holds a 15 pct interest in Italian sports car
+producer &lt;Alfieri Maserati Spa>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14377" NEWID="8856">
+<DATE>24-MAR-1987 12:18:29.51</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>bahrain</D><D>kuwait</D><D>ussr</D><D>iran</D><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1635&#31;reute
+u f BC-MOSCOW-SUPPORTS-FREE   03-24 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOSCOW SUPPORTS FREE GULF NAVIGATION, ENVOY SAYS</TITLE>
+<DATELINE>    BAHRAIN, March 24 - </DATELINE><BODY>The Soviet Union supports the freedom
+of navigation in the Gulf and does not support any act which
+would cause the deterioration of the situation in the region,
+its ambassador to Kuwait, Ernest Zverev, told the Kuwaiti news
+agency KUNA.
+    "We support the freedom of navigation in the Arabian Gulf
+and the Strait of Hormuz," the agency quoted Zverev as saying.
+    KUNA also said the envoy had discussed the deployment of
+Iranian missiles near the Strait of Hormuz with Kuwaiti Foreign
+Undersecretary Suliman Majed al-Shaheen.
+    A British naval source in the Gulf said today Iran had
+test-fired its new Silkworm missiles and set up launching sites
+in the area.
+    The tests had been successful and the missiles could be
+used against shipping in the strait, the source added.
+    But Iranian Parliamentary Speaker Hojatoleslam Akbar
+Hashemi Rafsanjani said Iran did not need missiles to close the
+strait because "we can close it with artillery only."
+    The U.S. Has said it will not allow Iran to use missiles to
+choke off oil shipments and offered its warships to escort
+Kuwaiti tankers past the missile batteries in the strait.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14378" NEWID="8857">
+<DATE>24-MAR-1987 12:19:45.66</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1644&#31;reute
+u f BC-BELGIUM-DETAILS-PRICI   03-24 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM DETAILS PRICING PLAN FOR ECU GOLD COIN</TITLE>
+<DATELINE>    BRUSSELS, March 24 - </DATELINE><BODY>The 50 European Currency Unit gold
+coins which go on sale tomorrow in Belgium will be priced at a
+premium of seven pct to the value of the gold they contain, a
+Finance Ministry spokesman said. The price will be calculated
+daily, based on the daily gold fixing in London.
+    Belgium is minting an initial 50,000 gold coins to
+celebrate the 30th anniversary of the European Community's
+founding Treaty of Rome, but final production is expected to be
+around 200,000. Each 17.27 gram coin will contain 55 grams of
+fine metal.
+    Two mln silver coins, face value five Ecus, will be sold at
+500 francs each.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14379" NEWID="8858">
+<DATE>24-MAR-1987 12:20:00.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1647&#31;reute
+d f BC-DATA-ARCHITECTS-INC-&lt;   03-24 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA ARCHITECTS INC &lt;DRCH> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    WALTHAM, Mass., March 24 -
+    </DATELINE><BODY>Shr 19 cts vs 14 cts
+    Net 487,000 vs 344,000
+    Revs 7,492,000 vs 5,883,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14380" NEWID="8859">
+<DATE>24-MAR-1987 12:20:04.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1648&#31;reute
+d f BC-PASSPORT-TRAVEL-INC-&lt;   03-24 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PASSPORT TRAVEL INC &lt;PPTI> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    OVERLAND PARK, Kan., March 24 -
+    </DATELINE><BODY>Shr two cts vs nil
+    Net 20,406 vs 2,348
+    Sales 6,191,000 vs 6,249,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14381" NEWID="8860">
+<DATE>24-MAR-1987 12:20:10.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1649&#31;reute
+d f BC-HI-SHEAR-INDUSTRIES-I   03-24 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HI-SHEAR INDUSTRIES INC &lt;HSI> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    NORTH HILLS, N.Y., March 24 -
+    </DATELINE><BODY>Oper shr 28 cts vs 33 cts
+    Oper net 1,647,000 vs 1,910,000
+    Revs 19.7 mln vs 17.5 mln
+    Nine mths
+    Oper shr 82 cts vs 84 cts
+    Oper net 4,787,000 vs 8,748,000
+    Revs 55.9 mln vs 53.0 mln
+    NOTE: Prior year net excludes tax credits of 29,000 dlrs in
+quarter and 1,761,000 dlrs in nine mths.
+    Prior nine mths net includes gain from sale of real estate
+of 3,820,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14382" NEWID="8861">
+<DATE>24-MAR-1987 12:20:19.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1650&#31;reute
+d f BC-PRUDENTIAL-RECORDS-BE   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRUDENTIAL RECORDS BEST RESULTS IN SIX YEARS</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>&lt;Prudential Corporation Plc>, which
+earlier announced a 62 pct rise in 1986 pre-tax profits, said
+it had recorded its best general insurance result for six years
+but had not reached satisfactory levels of profit in other
+areas.
+    Group Chief Executive Brian Corby told a news conference
+that despite returning to trading profits, the International
+division and the Mercantile and General division had not
+reached satisfactory levels.
+    But he said he welcomed Mercantile and General trading
+profits in 1986 and was optimistic about both that and the
+International division.
+    The acquisition of the U.S. Life company &lt;Jackson National>
+had a small effect in 1986 but its full effect would be felt in
+the 1987 results, Corby said.
+    The Group also intended to expand the number of its estate
+agency firms bought last year, and hoped they will comprise
+between 10 and 15 pct of total company profits in the future.
+    "We hope they will be very profitable very shortly. We are
+looking for profits from the estate agencies themselves as well
+as the insurance products associated with them," Corby said.
+    Prudential's pre-tax profits rose from 1985's 110.1 mln stg
+to 178.1 mln stg in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14383" NEWID="8862">
+<DATE>24-MAR-1987 12:21:25.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1657&#31;reute
+d f BC-GIANT-BAY-&lt;GBYLF>,-YE   03-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GIANT BAY &lt;GBYLF>, YELLOWKNIFE &lt;GYK> APPROVE DEAL</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 24 - </DATELINE><BODY>Giant Bay Resources
+Ltd said its and Giant Yellowknife Mines Ltd's directors
+approved a previously announced plan to build and operate an
+ore bioleach plant at Giant Yellowknife's Salmita Mill in the
+Northwest Territories.
+    It added that it also received regulatory approval for the
+first of the private placements and warrants to be issued under
+the pact.
+    The program, expected to start operating by the end of
+April, will cost about 750,000 dlrs, with Giant Bay's share
+expected to total up to 450,000 dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14384" NEWID="8863">
+<DATE>24-MAR-1987 12:23:06.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1667&#31;reute
+u f BC-CRS-SIRRINE-(DA)-TO-T   03-24 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRS SIRRINE &lt;DA> TO TAKE WRITE-OFF</TITLE>
+<DATELINE>    HOUSTON, March 24 - </DATELINE><BODY>CRS Sirrine Inc said it plans a major
+restructuring of its balance sheet that will include a
+write-off of between 39 mln and 43 mln dlrs, most of which
+would be intangible goodwill from the company's past
+acquisitions.
+    The company said the remainder of its write-off would
+include a one-time expense for future costs related to early
+retirement programs, office consolidations and an increase in
+the general reserve for adjustments and contingencies.
+    Bruce Wilkinson, president of the company, said the charges
+to the company's third quarter earnings, for the period ending
+March 31, would "significantly impact" third quarter results
+but would not affect the company's cash position.
+    "We expect to have the biggest operating backlog in the
+company's history by June 30, 1987, the end of our fiscal
+year," Wilkinson said. "We believe the action being proposed
+will begin to contribute to improved earnings in the fourth
+quarter of our fiscal 1987 and throughout fiscal 1988."
+    The company, which is one of the nation's largest
+construction firms, also said termination of its defined
+benefit retirement plan would produce a pre-tax benefit of
+about 10 mln dlrs due to overfunding of the plan.
+    In its second quarter ended Dec. 31, CRSS had net earnings
+of 800,000 dlrs on revenues of 82.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14385" NEWID="8864">
+<DATE>24-MAR-1987 12:23:53.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1671&#31;reute
+u f BC-RESORTS-INT'L-&lt;RT.A>   03-24 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESORTS INT'L &lt;RT.A> TO MAKE STATEMENT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>A Resorts International Inc spokesman
+said the company will make a statement later today regarding
+its class A and class B &lt;RT.B> common stock.
+    The American Stock Exchange halted trading in the shares
+this morning because of the pending announcement. The A shares
+last traded at 58-3/4 and the B shares at 130-1/2, the exchange
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14386" NEWID="8865">
+<DATE>24-MAR-1987 12:24:54.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1673&#31;reute
+u f BC-FLOWERS-INDUSTRIES-IN   03-24 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLOWERS INDUSTRIES INC &lt;FLO> 3RD QTR MARCH 7</TITLE>
+<DATELINE>    THOMASVILLE, Ga., March 24 - </DATELINE><BODY>March 7 end
+    Shr 17 cts vs 23 cts
+    Net 3,998,000 vs 5,317,000
+    Sales 189.4 mln vs 159.6 mln
+    Nine mths
+    Shr 64 cts vs 68 cts
+    Net 14.9 ln vs 15.9 mln
+    Sales 540.9 mln vs 464.7 mln
+    NOTE: Twelve and 36-week periods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14387" NEWID="8866">
+<DATE>24-MAR-1987 12:26:55.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1681&#31;reute
+u f BC-FLOWERS-INDUSTRIES-&lt;F   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLOWERS INDUSTRIES &lt;FLO> SEES LOWER YEAR NET</TITLE>
+<DATELINE>    THOMASVILLE, Ga., March 24 - </DATELINE><BODY>Flowers Industries Inc said it
+expects lower earnings for the current year due to operating
+losses incurred by recent acquisitions and possible
+nonrecurring losses resulting from its restructuring efforts.
+    For the year ended June 28, Flowers earned 29.5 mln dlrs.
+Today it reported nine month earnings of 14.9 mln dlrs, down
+from 15.9 mln dlrs a year before.
+    Flowers said it expects fiscal 1988, however, to show the
+best growth in profits in its history due to the growing
+profitability of ongoing businesses, cost control efforts,
+higher productvitiy and lower taxes.
+    Flowers said losses suffered in its West Texas operations
+and in five plants acquired at the start of the third quarter
+from &lt;CFS Staley Continental> and &lt;Wolf Baking Co> severely
+hurt results.
+    It said the CFS and Wolf plants are expected to be
+contributing to profit by the end of the fiscal year and it is
+seeking to bring the West Texas operations to acceptable levels
+of profitability by the end of the fourth quarter as well.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14388" NEWID="8867">
+<DATE>24-MAR-1987 12:32:38.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1700&#31;reute
+b f BC-LEEDS-PERMANENT-ISSUE   03-24 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEEDS PERMANENT ISSUES 50 MLN STG BOND</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Leeds Permanent Building Society is
+issuing a 50 mln stg offering of notes due April 23, 1992
+carrying a coupon of 9-1/4 pct and priced at 100-7/8, said
+Barings Securities Co as lead manager.
+    Bankers Trust International is co-lead manager.
+    The issue is partly paid, with only 20 pct of the payment
+due on April 23 and the remainder due October 23. The issue is
+priced to yield 50 basis points over comparable maturity gilts.
+    There is a 1-1/4 pct selling concession and a 5/8 pct
+management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14389" NEWID="8868">
+<DATE>24-MAR-1987 12:34:04.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1711&#31;reute
+d f BC-TECHNITROL-INC-&lt;TNL>   03-24 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNITROL INC &lt;TNL> 4TH QTR</TITLE>
+<DATELINE>    PHILADELPHIA, March 24 -
+    </DATELINE><BODY>Shr 54 cts vs 47 cts
+    Net 1.1 mln vs 941,000
+    REvs 8.9 mln vs 10.3 mln
+    Year
+    Shr 1.65 dlrs vs 1.64 dlrs
+    Net 3.3 mln vs 3.3 mln
+    Revs 37.4 mln vs 39.0 mln
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14390" NEWID="8869">
+<DATE>24-MAR-1987 12:34:10.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1712&#31;reute
+d f BC-MEDICAL-&lt;MDCI>-GETS-H   03-24 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDICAL &lt;MDCI> GETS HUMANA &lt;HUM> CONTRACT</TITLE>
+<DATELINE>    FARMINGDALE, N.Y., March 24 - </DATELINE><BODY>Medical Action Industries Inc
+said it got a contract from Humana Inc &lt;HUM> to supply Humana
+with lap sponges, used mainly during surgery to cover exposed
+internal organs.
+    Medical said the contract could provide reveneus of more
+than one mln dlrs over a two-year period. For the fiscal year
+ended March 31, Medical reported revenues of 14.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14391" NEWID="8870">
+<DATE>24-MAR-1987 12:34:34.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1715&#31;reute
+f f BC-******GENERAL-MOTORS   03-24 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL MOTORS CORP MID-MARCH CAR SALES OFF 15.5 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14392" NEWID="8871">
+<DATE>24-MAR-1987 12:35:47.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1722&#31;reute
+u f BC-FRANCE'S-CNE-ISSUES-6   03-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE'S CNE ISSUES 650 MLN FRANC DOMESTIC BOND</TITLE>
+<DATELINE>    PARIS, March 24 - </DATELINE><BODY>Caisse Nationale de l'Energie is issuing
+a 650 mln franc, 8.70 pct bond, due October 13, 1997 at par,
+lead managers Banque National de Paris and Union de Garantie et
+de Placement said. Societe Marseillaise de Credit is co-lead.
+    The issue, announced earlier today by the French bond
+issuing committee, is of 5,000 franc nominal bonds. The first
+coupon of 213.50 francs will be paid on October 13, 1987 and
+thereafter on April 13 each year.
+    Each bond is accompanied by a warrant giving the right to
+subscribe, from September 1 to 30, 1987, to a new CNE 8.70 pct
+bond due October 1997 with a par issue price.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14393" NEWID="8872">
+<DATE>24-MAR-1987 12:36:00.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1724&#31;reute
+d f BC-AMC-MID-MARCH-U.S.-CA   03-24 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMC MID-MARCH U.S. CAR SALES OFF 62 PCT</TITLE>
+<DATELINE>    SOUTHFIELD, MICH., March 24 - </DATELINE><BODY>American Motors Corp said
+U.S. car sales for the March 11 to 20 period dropped 62 pct to
+790 from 2,100 cars in the same period a year ago.
+    There were nine selling days in both years.
+    Domestic sales for March 1 through 20 declined 60 pct to
+1,550 cars from 3,880 cars in the comparable period of 1986,
+American Motors said.
+    For the calendar year-to-date, American Motors said
+domestic car sales decreased 61 pct to 6,472 from 16,741 cars
+last year.
+    American Motors is 46 pct owned by Renault.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14394" NEWID="8873">
+<DATE>24-MAR-1987 12:36:18.81</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1726&#31;reute
+u f BC-/ALCAN-UPS-ALUMINIUM   03-24 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN UPS ALUMINIUM INGOT AND BILLET PRICES</TITLE>
+<DATELINE>    New York, March 24 - </DATELINE><BODY>Alcan Aluminium Ltd. in Montreal said
+it increased yesterday its prices for unalloyed ingot and
+extrusion billet by two cents a lb, effective with shipments
+beginning May 1.
+    The new price for unalloyed ingot is 64.5 cents a lb while
+the new price for extrusion billet is 72.5 cents a lb.
+    "We feel very confident about raising our prices because we
+see demand over supply as being sustainable for some time,"
+said Ian Rugeroni, Alcan's president of metal sales and
+recycling - U.S.A.
+    Rugeroni said sheet and can bookings for Alcan aluminium
+were up at a time when the company's total 1.1 mln tonne North
+American smelter system had less than a week's supply.
+    "We're short and we're buying," he said.
+    Rugeroni added that Alcan expects the International Primary
+Aluminum Institute to report a drop in total non-Socialist
+stocks in February and March. He estimated supply in the latter
+month will have fallen 100,000 to 150,000 tonnes, based in part
+on current low inventories of aluminium in Japan and on the
+London Metal Exchange.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14395" NEWID="8874">
+<DATE>24-MAR-1987 12:38:45.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1739&#31;reute
+b f BC-AMC-&lt;AMO>-MID-MARCH-U   03-24 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMC &lt;AMO> MID-MARCH U.S. CAR SALES OFF 62 PCT</TITLE>
+<DATELINE>    SOUTHFIELD, MICH., March 24 - </DATELINE><BODY>American Motors Corp said
+U.S. car sales for the March 11-20 period dropped 62 pct to 790
+from 2,100 cars in the same period a year ago.
+    There were nine selling days in both years.
+    Domestic sales for March 1 through 20 declined 60 pct to
+1,550 cars from 3,880 cars in the comparable period of 1986,
+American Motors said.
+    For the calendar year-to-date, American Motors said
+domestic car sales decreased 61 pct to 6,472 from 16,741 cars
+last year.
+    American Motors is 46 pct owned by Renault.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14396" NEWID="8875">
+<DATE>24-MAR-1987 12:41:15.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f1742&#31;reute
+b f BC-/GM-&lt;GM>-MID-MARCH-CA   03-24 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> MID-MARCH CAR SALES OFF 15.5 PCT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>General Motors Corp said car sales for
+March 11 through 20 were off 15.5 pct to 109,174 from 129,242 a
+year earlier.
+    The company said truck sales were off 8.8 pct to 45,015
+from 49,365 a year before.
+    For the year to date, GM said car sales were off 25.1 pct
+to 738,262 from 986,211 a year before and truck sales were off
+9.6 pct to 292,387 from 323,401 a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14397" NEWID="8876">
+<DATE>24-MAR-1987 12:43:12.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1749&#31;reute
+r f BC-UNIVERSITY-&lt;UPT>-TO-S   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSITY &lt;UPT> TO SUPPLY INTRAOCULAR LENSES</TITLE>
+<DATELINE>    WESTPORT, Conn., March 24 - </DATELINE><BODY>University Patents Inc said its
+University Optical Products Co subsidiary signed an agreement
+to supply intraocular lenses to a "major international"
+manufacturer and distributor based in the U.S.
+    Details of the agreement were not disclosed but University
+said its optical unit will now produce about 3,000 intraocular
+lenses each month for sale outside the U.S.
+    Intraocular lenses are used as a replacement for the eye's
+natural lenses which must be removed during cataract surgery.
+University said over a million cataract removals occur each
+year in the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14398" NEWID="8877">
+<DATE>24-MAR-1987 12:44:03.13</DATE>
+<TOPICS><D>acq</D><D>gold</D><D>silver</D><D>lead</D><D>zinc</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1752&#31;reute
+r f BC-CORRECTED-HECLA-&lt;HL>   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED-HECLA &lt;HL> TO BUY MINE STAKE FROM BP</TITLE>
+<DATELINE>    COEUR D'ALENE, Idaho, March 24 - </DATELINE><BODY>Hecla Minging Co said it
+has agreed to purchase a 28 pct interest in the Greens Creek
+Joint Venture from British Petroleum Co PLC's &lt;BP> Amselco
+Minerals Inc unit.
+    The venture expects to bring into production a
+gold-silver-lead-zinc ore body on Admiralty Island, Alaska,
+containing about 3,500,000 short tons of ore assaying about
+0.18 ounce of gold, 24.0 ounces of silver, 9.7 pct zinc and 3.9
+pct lead per short ton, Hecla said.  It said there is
+significant potential for the discovery of additional ore.
+    Corrects last assay result to lead from zinc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14399" NEWID="8878">
+<DATE>24-MAR-1987 12:44:17.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1754&#31;reute
+f f BC-Nigeria,-Britain-agre   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Nigeria, Britain agree rescheduling of official debt - government sources
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14400" NEWID="8879">
+<DATE>24-MAR-1987 12:44:54.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1756&#31;reute
+r f BC-GENERAL-NUTRITION-INC   03-24 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL NUTRITION INC &lt;GNC> 4TH QTR NET</TITLE>
+<DATELINE>    PITTSBURGH, March 24 - </DATELINE><BODY>Qtr ends Jan 31
+    Shr profit eight cts vs loss 38 cts
+    Net profit 2,466,000, vs loss 12,691,000
+    Revs 111.1 mln vs 106.8 mln
+    12 mths
+    Shr profit 20 cts vs loss 47 cts
+    Net profit 6,591,000 vs loss 15.5 mln
+    Revs 342.6 mln vs 370.4 mln
+    NOTE: includes provision for store closings of foreign
+operations of 3,897,000 for 1986 qtr, and 1,403,000 for qtr
+prior.
+    includes provision for store closing costs and unproductive
+inventory of 1,000,000 for 1986 qtr, and 25.1 mln for qtr
+prior.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14401" NEWID="8880">
+<DATE>24-MAR-1987 12:46:56.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1759&#31;reute
+r f BC-CP-AIR,-PACIFIC-WESTE   03-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CP AIR, PACIFIC WESTERN AIRLINES SET NEW NAME</TITLE>
+<DATELINE>    VANCOUVER, B.C., March 24 - </DATELINE><BODY>&lt;Pacific Western Airlines Corp>
+said the airline resulting from the previously announced merger
+of its Pacific Western Airlines Ltd unit and Canadian Pacific
+Air Lines Ltd would be named Canadian Airlines International
+Ltd, effective April 26.
+    Pacific Western said the two airlines' services and
+schedules would also be integrated on April 26. It previously
+appointed management for the new airline.
+    The new airline, Canada's second largest, will have 81
+planes flying to 89 destinations in 13 countries.
+    Pacific Western recently acquired Canadian Pacific Airlines
+for 300 mln dlrs from Canadian Pacific Ltd &lt;CP>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14402" NEWID="8881">
+<DATE>24-MAR-1987 12:53:11.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>nigeria</D></PLACES>
+<PEOPLE><D>okongwu</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1780&#31;reute
+r f BC-NIGERIA,-BRITAIN-TO-R   03-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA, BRITAIN TO RESCHEDULE OFFICIAL DEBT</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Nigeria and Britain signed an agreement
+to reschedule Nigeria's official debts in the first of an
+expected series of such talks, government sources said.
+    The agreement was signed by Nigerian Finance Minister Chu
+Okongwu and the Export Credits Guarantee Department's (ECGD)
+chief executive Jack Gill.
+    The Nigerians will go on to Paris for similar bilateral
+talks tomorrow with Coface, the French export credit agency.
+    Today's agreement follows an agreement between Nigeria and
+the Paris Club of western creditor governments in December to
+reschedule some 7.5 billion dlrs of official debt.
+    The Paris Club agreement was for a rescheduling of the 7.5
+billion dlrs of medium and long-term debt due between September
+1986 and end 1987 over 10 years with five years grace.
+    But as with all Paris Club pacts, specific interest rates
+and other details have to be negotiated on a bi-lateral basis
+with the countries involved. None of the details contained in
+today's negotiations was immediately available.
+    The Nigerians are hoping that further bilateral accords can
+be struck fairly soon as this could encourage official export
+credit agencies to renew insurance cover for exports to
+Nigeria.
+    The ECGD suspended its cover for exports to Nigeria in
+1983. Despite the success of the talks over the past two days,
+govenment sources said there had not been any discussions on
+new credits.
+    Nigeria is due to receive 900 mln dlrs in fresh export
+credits this year from official agencies under a structrual
+adjustment program drawn up by Nigeria and the World Bank to
+support a rescheduling of part of the country's 19 billion dlr
+foreign debt.
+    But these credits cannot be approved until the export
+credit agencies agree to resume insuring the debts.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14403" NEWID="8882">
+<DATE>24-MAR-1987 12:54:50.93</DATE>
+<TOPICS><D>crude</D><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1785&#31;reute
+r f BC-DRAWDOWN-SEEN-IN-U.S.   03-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRAWDOWN SEEN IN U.S. DISTILLATE STOCKS</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Tonight's American Petroleum Institute
+oil inventory report is expected to show another drawdown in
+distillate stocks of between two and 7.5 mln barrels for the
+week ending March 20, oil analysts and traders said.
+    They said they expect gasoline inventories to be depleted
+by about one to four mln barrels.
+    Analysts were divided on the crude stocks. Some saw stocks
+unchanged to as much as three mln barrels higher. Others said
+stocks could be down one to five mln barrels. Crude throughput
+volumes are expected to be unchanged to slightly higher or
+lower than the week ended March 13, traders said.
+    The API recorded a 7.4 mln barrel stockdraw for U.S.
+distillates in the week ended March 13. Analysts see another 
+draw reflecting historic seasonal trends.
+    For the week ended March 13, API reported gasoline stocks
+down 2.9 mln barrels.
+    Those expecting a draw of as much as four mln barrels said
+they are looking for fairly high consumption rates as the
+spring and summer driving season gets underway this year,
+because retail prices are still low compared to recent years.
+    U.S. crude oil stocks were reported down by 4.4 mln barrels
+for the week ended March 13. Analysts are divided over the
+outcome for last week because there is uncertainty about
+whether throughput levels increased or decreased last week.
+    Some see crude stock levels unchanged to three mln barrels
+higher, while others think inventories could be as much as five
+mln barrels below the previous week.
+    The lower estimates are supported by the belief that crude
+runs increased and imports fell.
+    The API reported crude runs 154,000 b/d higher for the week
+ended March 13. Analysts are calling it unchanged to slightly
+up or down for the week ended March 20.
+    Expectations for product stockdraws are already being
+reflected in firmer prices, traders said. But if draws are at
+the higher end of the estimated range, they added, the effect
+will be bullish. Any stockbuild would be a negative factor,
+they said.
+    Crude runs normally increase in March, and any decrease in
+runs would be friendly to the market, said Peter Beutel of
+Elders Energy Futures Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14404" NEWID="8883">
+<DATE>24-MAR-1987 12:55:56.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1790&#31;reute
+u f BC-AMERICAN-HONDA-MID-MA   03-24 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN HONDA MID-MARCH U.S. CAR SALES UP</TITLE>
+<DATELINE>    DETROIT, Mich., March 24 - </DATELINE><BODY>American Honda Motor Corp said
+its sales of domestic cars in the March 11 through 20 sales
+period increased to 7,447 from 5,031 in the same period last
+year.
+    The Japanese-based automaker said it sold 11,841 U.S. cars
+in the March 1 through 20 period, up from 8,817 in the same
+1986 period.
+    Year-to-date, Honda said it sold 59,590 U.S. cars compared
+to 36,717 last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14405" NEWID="8884">
+<DATE>24-MAR-1987 13:07:40.34</DATE>
+<TOPICS><D>money-fx</D><D>stg</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1838&#31;reute
+u f BC-STERLING-OUTLOOK-CLOU   03-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING OUTLOOK CLOUDED BY TEST OF PARIS ACCORD</TITLE>
+<AUTHOR>    By Myra MacDonald, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>The move by foreign exchange markets to
+test the strength of the Paris currency accord has thrown into
+question the near-term outlook for sterling, until recently one
+of the main beneficiaries of the agreement, analysts said.
+    Since the six-nation accord last month, sterling has risen
+sharply, adding almost five pct on its trade-weighted index.
+    While the accord effectively stifled dollar/yen and
+dollar/mark movements, the markets turned their attention to
+sterling as foreign investors rushed to take advantage of
+relatively high U.K. Interest rates.
+    But analysts say the pound has been sidelined by the first
+tentative test of the Paris accord seen yesterday.
+    The market now looks set sooner or later to push the dollar
+down further in a test of the willingness of central banks to
+intervene. Analysts say if the banks do not intervene
+effectively, the Paris accord could collapse.
+    "On balance, sterling would be a net sufferer if G-6
+collapses," Phillips and Drew analyst Stephen Lewis said.
+    He said sterling would lose out as markets turned their
+attention to capital movements whereas previously they had been
+restricted to looking only at the interest yield on currencies.
+    However, although most analysts and foreign exchange
+dealers were forecasting a brief period of consolidation or
+even retracement for sterling, none were expecting a very sharp
+drop in the U.K. Currency.
+    Sterling remained supported by optimism on the U.K.
+Political and economic outlook, firmer oil prices and
+relatively high interest rates, they said.
+    Bullish sentiment on the U.K. Economic outlook has been
+running especially high after last week's budget, seen as
+popular both with the markets and with British voters.
+    Sterling was also supported by signs of a weakening in the
+West German and Japanese economies, where growth for 1987 is
+trailing behind the three pct forecast for the U.K.
+    Recent opinion polls showing Britain's ruling conservative
+party ahead of opposition parties in popularity have also
+supported the pound.
+    In addition, sterling has so far shrugged off two
+half-point cuts in U.K. Bank base lending rates in less than
+two weeks. A further half-point cut, widely expected in the
+next week or so, has already been largely discounted.
+    U.K. Base rates, now running at 10 pct, are still
+relatively high compared to other western countries, and
+analysts said a further base rate cut to 9-1/2 pct was unlikely
+to affect sterling.
+    Sterling today appeared resilient to the dollar's decline,
+dropping only slightly on a cross-rate basis.
+    Worries about renewed turbulence in the foreign exchange
+markets, however, were reflected in the U.K. Government bond
+(gilt) market, where prices dropped by up to 5/16 point.
+    Until now foreign investor interest in the gilt market has
+been one of the major reasons behind the rise in sterling.
+    Dealers said they expected the pound to hold quietly steady
+for the next few days while the market awaits further
+developments on the dollar and this Thursday's U.K. Current
+account figures for February.
+    Market forecasts are for a deficit of around 250 mln stg
+after January's small surplus.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14406" NEWID="8885">
+<DATE>24-MAR-1987 13:09:00.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f1841&#31;reute
+r f AM-BANK   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. EX-IM BANK TO CHANGE LENDING POLICIES</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>The president of the Export-Import
+Bank said the Bank was changing its lending policies to reflect
+changing conditions in export financing.
+    President John Bohn told a House Appropriations
+subcommittee hearing commercial banks have largely withdrawn
+from financing exports and export projects were becoming
+smaller.
+    "Exporters now need financing in riskier markets and on
+deals which are smaller, take longer to put together and
+close," Bohn said in his testimony. "Lenders, however, want
+less risk, higher profit, transaction-oriented and less
+labor-intensive activities.
+    "It became clear to us the EXimbank must assume a broader
+range of explicitly defined country and transaction risks than
+it has previously. Programs and procedures need to be
+simplified, streamlined and internally consistent," he said.
+    Bohn said the Bank would focus on the needs of the middle
+market product or service exporter and would have essentially
+one loan program and one guarantee program for both medium-term
+and long-term export transactions.
+    "Both programs will provide up to 85 pct financing, the
+maximum permitted under the OECD consensus. Eximbank loans will
+carry the minimum interest rate allowed by the OECD rate
+schedule for the market and the term," he said.
+    Bohn said the Bank was requesting a limitation of 1 billion
+dlrs for regular loan obligations, of which up to 200 mln dlrs
+may be available as tied aid credits, and a limitation of 10
+billion dlrs for guarantee and insurance commitments.
+    He said the Bank would have to come back to Congress later
+this year to discuss its capitalization needs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14407" NEWID="8886">
+<DATE>24-MAR-1987 13:10:25.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1847&#31;reute
+u f BC-NASD-PRESIDENT-LEAVES   03-24 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASD PRESIDENT LEAVES FOR HAMBRECHT AND QUIST</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>&lt;Hambrecht and Quist Group> said
+Gordon Macklin has resigned as president of the &lt;National
+Association of Securities Dealers> to become chairman and
+co-chief executive officer of Hambrecht and Quist.
+    The San Francisco brokerage firm said Macklin is expected
+to join it by July.
+    As chairman, he succeeds Hugh T. Wyles.
+    The other chief executive officer is founder William R.
+Hambrecht.
+    In Washington, the NASD said MAcklin has offered to stay on
+until a new president is named.  It said it will soon appoint a
+committee to begin the search for a successor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14408" NEWID="8887">
+<DATE>24-MAR-1987 13:11:23.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1853&#31;reute
+r f BC-WEDGESTONE-REALTY-&lt;WD   03-24 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEDGESTONE REALTY &lt;WDG> FILES FOR OFFERING</TITLE>
+<DATELINE>    NEWTON, Mass., March 23 - </DATELINE><BODY>Wedgestone Realty Investors Trust
+said it has filed for an offering of 1,250,000 common shares
+through underwriters led by Ladenburg, Thalmann and Co and
+Moseley Holding Corp &lt;MOSE>.
+    It said the offering is expected to be made in mid-April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14409" NEWID="8888">
+<DATE>24-MAR-1987 13:12:04.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1857&#31;reute
+r f BC-NEW-JERSEY-RESOURCES   03-24 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW JERSEY RESOURCES &lt;NJR> SHARES OFFERED</TITLE>
+<DATELINE>    WALL, N.J., March 24 - </DATELINE><BODY>New Jersey Resources Corp said an
+offering of 1,300,000 common shares is underway at 19.625 dlrs
+per share through underwriters led by Merrill Lynch and Co Inc
+&lt;MER> and E.F. Hutton Group Inc &lt;EFH>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14410" NEWID="8889">
+<DATE>24-MAR-1987 13:12:23.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1860&#31;reute
+r f BC-EPITOPE-&lt;EPTO>-SETS-A   03-24 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EPITOPE &lt;EPTO> SETS ANTIBODIES FOR AIDS RESEARCH</TITLE>
+<DATELINE>    BEAVERTON, Ore., March 24 - </DATELINE><BODY>Epitope Inc said it has
+developed a complete panel of monoclonal antibodies to the AIDS
+virus that can be used for AIDS research.
+    The company said it will begin marketing the panel
+immediately.
+    It said the monoclonals recognize different protein
+portions of the AIDS viurs and will be used in research for 
+AIDS diagnosis and therapy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14411" NEWID="8890">
+<DATE>24-MAR-1987 13:12:31.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1861&#31;reute
+d f BC-PLENUM-PUBLISHING-COR   03-24 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLENUM PUBLISHING CORP &lt;PLEN> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 24 -
+    </DATELINE><BODY>Shr 63 cts vs 45 cts
+    Net 3,623,067 vs 2,607,977
+    Gross income 10.1 mln vs 10.1 mln
+    Year
+    Shr 2.12 dlrs vs 1.74 dlrs
+    Net 12.2 mln vs 10.0 mln
+    Gross income 38.1 mln vs 36.8 mln
+    NOTE: Share adjusted for five-for-two stock split effective
+yesterday.
+    Net includes gains on sale of securities pretax of
+1,860,213 dlrs vs 392,975 dlrs in quarter 5,023,401 dlrs vs
+3,223,008 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14412" NEWID="8891">
+<DATE>24-MAR-1987 13:12:40.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1862&#31;reute
+d f BC-PLENUM-&lt;PLEN>-REINCOR   03-24 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLENUM &lt;PLEN> REINCORPORATES IN DELAWARE</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Plenum Publishing Corp said it has
+reincorporated in Delaware following shareholder approval
+yesterday.
+    It said in copnnection with the change -- it had been
+incorporated in New York -- a five-for-two stock split has gone
+into effect.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14413" NEWID="8892">
+<DATE>24-MAR-1987 13:13:16.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1866&#31;reute
+d f BC-HONEYBEE-INC-&lt;HBE>-4T   03-24 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONEYBEE INC &lt;HBE> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 24 -
+    </DATELINE><BODY>Oper shr 11 cts vs five cts
+    Oper net 248,000 vs 122,000
+    Sales 7,269,000 vs 5,481,000
+    Year
+    Oper shr 55 cts vs 14 cts
+    Oper net 1,288,000 vs 333,000
+    Sales 26.2 mln vs 17.6 mln
+    NOTE: Net excludes discontinued operations nil vs gain
+103,000 dlrs in quarter and losses 82,000 dlrs vs 50,000 dlrs
+in year.
+    1986 year net excludes 133,000 dlr provision for loss on
+disposal of discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14414" NEWID="8893">
+<DATE>24-MAR-1987 13:13:22.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1867&#31;reute
+d f BC-SCIENTIFIC-MEASUREMEN   03-24 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCIENTIFIC MEASUREMENT SYSTEMS INC &lt;SCMS> NET</TITLE>
+<DATELINE>    AUSTIN, Texas, March 24 - </DATELINE><BODY>2nd qtr Jan 31
+    Shr loss three cts vs loss seven cts
+    Net loss 352,000 vs loss 568,000
+    Revs 636,000 vs 640,000
+    Avg shrs 12.7 mln vs 8,377,000
+    1st half
+    Shr loss six cts vs loss 10 cts
+    Net loss 594,000 vs loss 865,000
+    Revs 1,245,000 vs 1,063,000
+    Avg shrs 10.5 mln vs 8,333,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14415" NEWID="8894">
+<DATE>24-MAR-1987 13:13:31.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1868&#31;reute
+d f BC-RIBI-&lt;RIBI>-SIGNS-PAC   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIBI &lt;RIBI> SIGNS PACT WITH TRAVENOL &lt;BAX></TITLE>
+<DATELINE>    HAMILTON, Montana, March 24 - </DATELINE><BODY>Ribi ImmunoChem Research Inc
+said Baxter Travenol Laboratories Inc's Travenol Laboratories
+Inc unit will evaluate whether one of its products can be used
+to prevent infectious disease.
+    Under an agreement, Ribi said Travenol will conduct studies
+with the product, monophosphoryl lipid A, and will have the
+option to pursue a woldwide license for the product.
+    Ribi said the product is used in combination with other
+agents in experimental treatments to boost the function of the
+immune system in patients suffering from malignant melanoma and
+other cancers.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14416" NEWID="8895">
+<DATE>24-MAR-1987 13:13:41.43</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>belgium</D><D>uk</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1869&#31;reute
+r f BC-EC-MEMBER-STATES-COOL   03-24 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MEMBER STATES COOL ON CEREAL PLANS</TITLE>
+<DATELINE>    BRUSSELS, March 24 - </DATELINE><BODY>European Community (EC) member states
+have generally given a cool initial reaction to proposals by
+the European Commission for cereal price changes and related
+measures in the coming season, EC diplomats said.
+    They said that in meetings of the EC Special Committee on
+Agriculture representatives of most member states had said the
+changes, taken together, would have too harsh an impact on
+farmers' incomes.
+    Only Britain and the Netherlands had shown willingness to
+accept the commission's overall package, they said.
+    As well as cuts of over two pct in common prices for most
+cereals, the commission proposes a limitation of intervention
+to the February to March period and reduced monthly increments
+in intervention prices.
+    EC Farm Ministers will have a first discussion of the
+proposals at a meeting beginning next Monday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14417" NEWID="8896">
+<DATE>24-MAR-1987 13:13:51.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1870&#31;reute
+u f BC-ATT-&lt;T>-FORMS-COMPUTE   03-24 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> FORMS COMPUTER SALES GROUPS</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>American Telephone and Telegraph Co
+said it formed a 600-member sales force dedicated exclusively
+to its computers and other data systems products.
+    Separately, ATT denied reports that it plans to buy back a
+large chunk of its stock. ATT's stock was up 1/4 points at
+25-1/8 in heavy trading.
+    The company said it also created a separate 600-member team
+that will educate the computer sales force and its other sales
+groups on ATT's computer products. This group, ATT said,
+reports directly to Vittorio Cassoni, senior vice president of
+its computer unit, called the Data Systems division.
+    Cassoni, speaking at a news conference at which ATT
+unveiled its most powerful mid-range computer, said the sales
+groups will provide a "sharper focus" to ATT's computer
+marketing efforts.
+    The executive, hired from Olivetti to bolster ATT's
+unsuccessful campaign to become a major vendor of computer
+gear, also said the company is committed to its 3B line of
+mid-range computers. He said ATT backed the 3B line despite
+widespread criticism throughout the industry that it is
+inferior to mid-range systems made by International Business
+Machines Corp &lt;IBM>, Digital Equipment Corp &lt;DEC> and others.
+    Cassoni, however, said ATT would strenghten the 3B line
+within the next three or four months. He said ATT will offer
+new, more powerful mid-range computers that will protect the
+investments of existing 3B users in ATT hardware and software.
+    In justifying the company's commitment to the 3B line,
+which was originally developed for internal use by ATT and its
+former Bell telephone company units, Cassoni pointed to several
+recent sales that he said proved the mid-range line's
+commercial viability.
+    One example he provided was a recent 34 mln dlr deal ATT
+signed with the United States Postal Service.
+    Cassoni also said ATT will announce a new personal computer
+based on the powerful 80386 microprocessor from Intel Corp
+&lt;INTC>.
+   Compaq Computer Corp &lt;CPQ> is already selling a 386-based PC
+and IBM is widely expected to announce a 386 machine sometime
+this year.
+   Cassoni said the Data Systems division is unprofitable and
+that it will take "a couple of years" for the division to meet
+its goal of making a "substantial contribution to ATT's
+earnings stream." But, he added, the division is "approaching"
+the point where it can start making money.
+    Cassoni said the new products introduced today are "a very
+significant step to foster our efforts in the computer
+business."
+    Among the new offerings is the 3B2/600 minicomputer, which
+ATT said can provide up to four times the processing power of
+the 3B2/400, previously its biggest computer.
+    But with a top speed of 4.0 mips, or million instructions
+per second, the top-of-line 3B cannot match the computing power
+of rival systems from IBM and DEC.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14418" NEWID="8897">
+<DATE>24-MAR-1987 13:14:06.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1873&#31;reute
+h f BC-HOME-INTENSIVE-&lt;KDNY>   03-24 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME INTENSIVE &lt;KDNY> OPENS TWO DIALYSIS UNITS</TITLE>
+<DATELINE>    NORTH MIAMI BEACH, Fla., March 24 - </DATELINE><BODY>Home Intensive Care Inc
+said it operned two more Dialysis at Home offices, bringing to
+11 the total number of such offices nationwide.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14419" NEWID="8898">
+<DATE>24-MAR-1987 13:14:10.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1874&#31;reute
+s f BC-PUBLIC-SERVICE-CO-OF   03-24 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLIC SERVICE CO OF COLORADO &lt;PSR> IN PAYOUT</TITLE>
+<DATELINE>    DENVER, March 24 -
+    </DATELINE><BODY>Qtly div 50 cts vs 50 cts prior
+    Pay May One
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14420" NEWID="8899">
+<DATE>24-MAR-1987 13:16:54.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1883&#31;reute
+r f BC-CORRECTED---MANHATTAN   03-24 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - MANHATTAN NATIONAL CORP &lt;MLC> 4TH</TITLE>
+<DATELINE>    NEW YORK, March 24 -
+    </DATELINE><BODY>Oper shr loss 20 cts vs loss 81 cts
+    Oper net loss 1,042,000 vs loss 4,077,000
+    Revs 38.5 mln vs 50.3 mln
+    12 mths
+    Oper shr loss six cts vs loss 43 cts
+    Oper net loss 336,000 vs loss 2,176,000
+    Revs 137.8 mln vs 209.1 mln
+    NOTE: In item moved March 23, company corrects its error to
+show loss for current 12 mths and qtr, not profit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14421" NEWID="8900">
+<DATE>24-MAR-1987 13:17:10.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1885&#31;reute
+d f BC-GM-MID-MARCH-CAR-SALE   03-24 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM MID-MARCH CAR SALES OFF 15.5 PCT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>General Motors Corp said car sales for
+March 11 through 20 were off 15.5 pct to 109,174 from 129,242 a
+year earlier.
+    The company said truck sales were off 8.8 pct to 45,015
+from 49,365 a year before.
+    For the year to date, GM said car sales were off 25.1 pct
+to 738,262 from 986,211 a year before and truck sales were off
+9.6 pct to 292,387 from 323,401 a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14422" NEWID="8901">
+<DATE>24-MAR-1987 13:19:12.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE><D>du-plessis</D><D>de-kock</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1888&#31;reute
+b f BC-SOUTH-AFRICA/BANKS-AG   03-24 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA/BANKS AGREE ON DEBT REPAYMENT PLAN</TITLE>
+<DATELINE>    PRETORIA, March 24 - </DATELINE><BODY>South Africa will repay 13 pct of its
+frozen 13 billion dollar debt to foreign creditors over the
+next three years under an agreement reached today in London,
+Finance Minister Barend du Plessis said.
+    He said South Africa already had repaid five pct of the
+debt under the standstill agreement expiring on June 30, 1987.
+   "These arrangements confirm South Africa's continued
+willingness to maintain good relations with its foreign
+creditors and to meet its foreign commitments in a orderly way,"
+du Plessis told a news conference.
+    Du Plessis said the new interim debt agreement was
+"substantially a continuation" of the arrangement ending in June
+and calls for South Africa to continue paying all interest on
+its total foreign debt of 23 billion dlrs.
+    The new debt standstill will extend from July 1, 1987, to
+June 30, 1990, with a three pct down payment permitted on July
+15, 1987, "provided such debt has already reached maturity," du
+Plessis said.
+    Finance Minister Barend du Plessis told a new conference
+that 34 banks holding more than 70 pct of the frozen debt
+agreed to the new arrangement worked out with South African
+negotiators in London. About 300 other creditor banks also are
+expected to approve the agreement, he said.
+    Reserve Bank governor Gerhard de Kock said the agreement
+was a "good deal" both for South Africa and the banks and added
+that the three-year length of the agreement was of "enormous
+significance" to South Africa.
+    Reserve Bank governor Gerhard de Kock said the agreement
+was a "good deal" both for South Africa and the banks.
+    Besides the 13-billion-dlr frozen debt, South Africa also
+owes ten billion dlrs of debt that includes a significant
+amount of medium -term liabilities that will continue to be
+repaid on normal maturity dates.
+    The 13 pct to be repaid under the standstill amounts to
+1.42 billion dollars.
+    A total of five pct or 508 mln dlrs will be repaid in the
+second half of 1987, with 3.5 pct or 400 mln dlrs in calendar
+1988, three pct or 346 mln dlrs in calendar 1989 and 1.5 pct or
+166 mln dlrs in the first half of 1990.
+    Du Plessis said 34 banks holding more than 70 pct of the
+frozen debt agreed to the new arrangement worked out with South
+African negotiators in London.
+    About 300 other creditor banks also are expected to approve
+the agreement, he said.
+    De Kock, speaking at the same news conference, said the
+three-year length of the agreement was of "enormous significance"
+to South Africa.
+    De Kock said South Africa had negotiated from a "position of
+basic economic financial strength."
+    "We were never overborrowed to begin with and we are now
+underborrowed by all international criteria that I've ever
+heard of," he said.
+    Du Plessis said available foreign reserves of the Reserve
+Bank, which increased by about 800 mln dlrs in the past two
+months, and a continued current account surplus "will be
+sufficient" to meet terms of the new interim debt agreement.
+    Du Plessis said the banks were showing much more confidence
+in the South African economy and country as a whole.
+    He attributed this to "restoration of law and order which
+has greatly reduced not only the extent of unrest but also the
+intensity of unrest."
+    South Africa has been under a state of emergency since June
+1986 because of black political violence that has claimed over
+2,400 lives in the past three years.
+    Du Plessis said no political demands were made by the banks
+and South Africa was now rapidly returning to very good
+relations with its foreign creditors.
+    He said there were encouraging signs that some foreign
+investors were again "taking a more realistic view" of South
+Africa.
+    Recent examples were the rise in the financial rand and the
+sharp increase in foreign exchange reserves.
+    Of the 13 billion dlr frozen debt, 3.5 billion dlrs was
+owed by the public sector and 9.5 billion dlrs by private
+industry, du Plessis said.
+    The remaining 10 billion dlrs consisted of seven billion
+dlrs owed by government agencies and three billion dlrs by the
+private sector.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14423" NEWID="8902">
+<DATE>24-MAR-1987 13:20:23.42</DATE>
+<TOPICS><D>earn</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1893&#31;reute
+u f BC-STANDARD-CHARTERED-BO   03-24 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD CHARTERED BOOSTED BAD-DEBT PROVISIONS</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Standard Chartered Plc &lt;STCH.L>, faced
+with a recession in the key Singapore and Malaysian markets and
+an ongoing depression in the shipping industry, boosted its
+bad-debt provisions in 1986, chairman Lord Barber said.
+    Barber said in a statement on the bank's 1986 results that
+bad and doubtful debt provisions, both general and specific,
+stood at 545.6 mln stg against 416.6 mln at end-1985.
+    Bank figures showed the increase was almost exclusively in
+the specific bad risk provision, which qualifies for U.K. Tax
+breaks. New specific provisions rose by 111.5 mln stg while
+71.2 mln stg were reallocated from the general risk provision.
+    In all, a 184.2 mln stg charge was made against profits for
+1986, compared with a 100.7 mln stg charge in 1985. Total
+pre-tax profits fell to 254 mln after 268 mln in 1985.
+    "The continuing serious recessionary conditions in Singapore
+and Malaysia and the depressed condition of the shipping
+industry made it necessary to provide heavily against bad and
+doubtful debs arising from loans in the Asia Pacific region, on
+top of the normal level of provisioning," Barber said.
+    He said, "the decision was also taken to build up loan loss
+reeserves by making a sizeable increase in the charges for
+general provisions for commercial and cross border risks."
+    Barber said due to bad-debt provisioning, the Asia Pacific
+region made "a negligible contribution to pre-tax profits."
+    He said the profits contribution from the U.K. Businesses
+was "well maintained, although the reported result was affected
+by cross border debt provisioning," while Californian subsidiary
+Union Bank "showed continued growth."
+    "Tropical Africa, Middle East and South Asia all turned in
+excellent performances and the revival in Europe continued," he
+said.
+    Barber said the group, which succesfully fought off a
+takeover bid by Lloyds Bank &lt;LLOY.L> last year, strengthened
+its capital resources during that year to just over three
+billion stg, while total assets increased to 32.2 billion.
+    Capital adequacy ratios remained strong, with the primary
+capital ratio standing at 7.5 pct at end 1986, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14424" NEWID="8903">
+<DATE>24-MAR-1987 13:25:34.80</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1912&#31;reute
+u f BC-colombia's-coffee-rev   03-24 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA COFFEE REVENUE SHARPLY DOWN IN JAN/FEB</TITLE>
+<DATELINE>    BOGOTA, March 24 - </DATELINE><BODY>Colombia's coffee export revenue dropped
+97 mln dlrs to 233.6 mln dlrs for the first two months of the
+year against 330.9 mln dlrs in the similar period of 1986,
+central bank preliminary figures show.
+    Experts attributed the fall to lower world market prices
+following the failure to re-introduce international coffee
+export quotas, but they said Colombia could compensate the drop
+with higher exports in calendar 1987.
+    Coffee export revenue for 1986 was 2.33 billion dlrs,
+according to the bank.
+    Jorge Cardenas, manager of the National Coffee Growers'
+Federation, last week estimated the recent drop of 30 cents a
+lb in coffee prices would mean a net loss revenue of 457 mln
+dlrs for Colombia.
+    But he stressed that Colombia, with stockpiles of 10 mln
+(60-kg) bags, had the capacity to export more and would use a
+recently-introduced more flexible marketing policy to do so.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14425" NEWID="8904">
+<DATE>24-MAR-1987 13:30:48.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1931&#31;reute
+r f BC-BENIHANA-&lt;BNHN>-FILES   03-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENIHANA &lt;BNHN> FILES SHARE OFFERING</TITLE>
+<DATELINE>    MIAMI, March 24 - </DATELINE><BODY>Benihana National Corp said it filed a
+registration statement with the Securities and Exchange
+Commission for a proposed offering of one mln units.
+    It said each unit will contain two shares of new class A
+common having limited voting rights and one warrant to purchase
+an additional share of class A common. It said the management
+underwriter is Sherwood Securities Corp.
+    Benihana also said it may sell its frozen food business or
+enter into a joint venture with an unaffiliated party, among
+other things, to realize the value of the business, which
+consists of two lines of frozen oriental entrees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14426" NEWID="8905">
+<DATE>24-MAR-1987 13:31:05.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1932&#31;reute
+u f BC-STE-FRANCAISE-DES-PET   03-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STE FRANCAISE DES PETROLES BP &lt;PBPF.PA> 1986 YEAR</TITLE>
+<DATELINE>    PARIS, March 24 -
+    </DATELINE><BODY>Net result breakeven (no profit or loss) vs breakeven
+    Operating loss 836 mln francs vs 654 mln
+    Net turnover 12.70 billion francs vs 24.34 billion
+    Sales of petroleum products 9.7 mln tonnes vs 10.6 mln
+    Note - Company said in a statement 1986 results were
+affected by the sharp fall in crude oil prices. Net result
+included an extraordinary recovery of 731 mln francs from
+provisions for currency fluctuations and 361 mln francs in
+depreciation of fixed assets. Company is a subsidiary of The
+British Petroleum Co Plc &lt;BP.L>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14427" NEWID="8906">
+<DATE>24-MAR-1987 13:33:02.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1944&#31;reute
+u f BC-OLIVETTI-DOES-NOT-EXC   03-24 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIVETTI DOES NOT EXCLUDE STAKE IN SGS-THOMSON</TITLE>
+<DATELINE>    ROME, March 24 - </DATELINE><BODY>Ing C Olivetti EC SpA &lt;OLIV.M> does not
+exclude the possibility of investing in a semiconductor venture
+currently under discussion between Italy's &lt;STET - Societa
+Finanziaria Telefonica P.A.> and France's Thomson-CSF
+&lt;TCSF.PA>, an Olivetti spokesman said.
+    He said that if Olivetti were approached by the two
+partners involved and the financial conditions of any proposal
+were considered interesting, the company did not exclude the
+possibility of investing in the venture. However, Olivetti had
+made no decision on any such investment and did not have at its
+disposal information to evaluate such a move.
+     Stet and Thomson said last Thursday they were negotiating
+an accord involving their respective subsidiaries &lt;SGS
+Microelettronica SpA> and &lt;Thomson Semiconducteurs> in the
+civil semiconductor field.
+    They said the accord, once concluded, would be put for
+approval to the French and Italian authorities.
+    The Olivetti spokesman was responding to a Reuters query
+about Italian press reports today saying that Olivetti might
+participate in the venture with a two pct stake.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14428" NEWID="8907">
+<DATE>24-MAR-1987 13:34:37.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1957&#31;reute
+r f BC-FAIRCHILD-&lt;FEN>-SEEKS   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAIRCHILD &lt;FEN> SEEKS OKAY FOR REINCORPOATION</TITLE>
+<DATELINE>    CHANTILLY, Va., March 24 - </DATELINE><BODY>Fairchild Industries Inc said it
+will ask stockholders at its April 22 annual meeting to approve
+its reincorporation in Delaware to allow more flexibility to
+revise its capital structure, among other things. Fairchild is
+now a Maryland corporation.
+    Fairchild also cited Delaware's recently enacted statutory
+provisions relating to directors' liability, allowing companies
+to place limits on liability and expand their ablility to
+protect corporate officers.
+    William E. Fulwider, company spokesman, said Fairchild has
+no specific plans to alter its capital structure.
+    Fairchild said that if stockholders approve the
+reincorporation, it would merge into a Delaware corporation and
+its common and preferred would be automatically converted to 
+the new corporation's shares, without any exchange of stock,
+along with other assets and liabilities.
+    Fairchild also said the new corporation would retain its
+fair price charter provision.
+    Earlier this month, Fairchild announced that it reached an
+agreement with the Air Force to stop production on the T-46A
+trainer jet.
+    As a result, Fairchild said, it will close its Farmingdale,
+N.Y., plant this year and layoff most of the plant's 2,800
+employees, about a quarter of its entire workforce.
+    Fairchild reported a 73.6 mln dlr fourth quarter loss
+mainly due to charges for the plant closing and ending of the
+trainer jet program. For the year, it reported a 10 mln dlr
+loss, compared with a loss of 167.1 mln dlrs in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14429" NEWID="8908">
+<DATE>24-MAR-1987 13:34:41.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1958&#31;reute
+s f BC-ENSERCH-CORP-&lt;ENS>-SE   03-24 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENSERCH CORP &lt;ENS> SETS QUARTERLY</TITLE>
+<DATELINE>    DALLAS, March 24 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior
+    Pay June One
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14430" NEWID="8909">
+<DATE>24-MAR-1987 13:35:56.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1960&#31;reute
+r f BC-NESTLE-TO-ACQUIRE-NAB   03-24 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NESTLE TO ACQUIRE NABISCO CANADA BUSINESSES</TITLE>
+<DATELINE>    TORONTO, March 24 - </DATELINE><BODY>Swiss-based &lt;Nestle S.A.>'s Nestle
+Enterprises Ltd unit said it signed a letter of intent to
+acquire &lt;Nabisco Brands Ltd>'s Club, Melrose, Dickson and Chase
+and Sanborn businesses for undisclosed terms.
+    Nestle said the final agreement, subject to required
+approvals, would be signed shortly.
+    The businesses involved in the deal provide products to
+hotels, restaurants and other parts of the food and beverage
+industry. Nabisco is 80 pct-owned by RJR Nabisco Inc &lt;RJR>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14431" NEWID="8910">
+<DATE>24-MAR-1987 13:38:45.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1965&#31;reute
+h f BC-GROUP-SAYS-AIDS-TRANS   03-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP SAYS AIDS TRANSFUSION FEARS EXAGGERATED</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>A top official of a major
+association of blood banks said Americans' fears of getting 
+AIDS from tainted blood transfusions were greatly exaggerated.
+    "The (blood banking) system is strong," Edwin Steane,
+president of the American Association of Blood Banks, said at a
+news briefing here. "The current fears about AIDS transmission
+are largely unfounded."
+    Steane made his remarks after the group found in a public
+opinion poll that 55 pct of Americans believed it likely that
+one could contract AIDS from a tainted blood transfusion.
+    The poll, conducted in December, was made public today.
+    A year earlier, in a similar survey, 53 pct of Americans
+said it was likely that one could contract AIDS from a blood
+transfusion, the group reported.
+    Steane said the practice of testing donated blood for the
+presence of AIDS antibodies, begun in mid-1985, had virtually
+eliminated AIDS-infected blood from the U.S. supply system.
+    He said the federal Centers for Disease Control (CDC) had
+reported only two cases of tainted blood being transfused since
+the testing program began.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14432" NEWID="8911">
+<DATE>24-MAR-1987 13:44:45.37</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1980&#31;reute
+b f BC-******FED'S-HELLER-SA   03-24 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S HELLER SAYS HE WANTS TO SEE STRONGER JAPANESE DEMAND FOR AMERICAN GOODS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14433" NEWID="8912">
+<DATE>24-MAR-1987 13:45:06.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1981&#31;reute
+s f BC-METROPOLITAN-FINANCIA   03-24 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROPOLITAN FINANCIAL CORP &lt;MFC> VOTES PAYOUT</TITLE>
+<DATELINE>    FARGO, N.D., March 24 -
+    </DATELINE><BODY>Qtly div 11 cts vs 11 cts prior qtr
+    Pay 30 April
+    Record 15 April
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14434" NEWID="8913">
+<DATE>24-MAR-1987 13:45:13.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1982&#31;reute
+d f BC-S-K-I--LTD-&lt;SKII>-SAY   03-24 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S-K-I  LTD &lt;SKII> SAYS SKIER VISITS A RECORD</TITLE>
+<DATELINE>    KILLINGTON, Vt., March 24 - </DATELINE><BODY>S-K-I Ltd said its skier visits
+for the curret season have exceeded 1,500,000, up from the
+record of 1,400,000 set last year.
+    The company said its Killington Ski Area in central Vermont
+is expected to operate into June and its Mount Snow area in
+southern Vermont will close in May.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14435" NEWID="8914">
+<DATE>24-MAR-1987 13:45:47.38</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1983&#31;reute
+r f BC-GOODYEAR-&lt;GT>-UNIT-TO   03-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODYEAR &lt;GT> UNIT TO START UP PIPELINE</TITLE>
+<DATELINE>    DALLAS, March 24 - </DATELINE><BODY>Goodyear Tire and Rubber Co said the All
+American Pipeline of its Celeron Corp subsidiary will start
+line fill activities on March 30 as it begins operating.
+    The company said about five mln barrels of oil will be
+required to pack the completed segment of the line, which runs
+1,225 miles from near Santa Barbara, Calif., to existing
+pipeline connections in West Texas.  Construction has also
+staqrted this week on a 43-mile, 16-inch diameter gathering
+line to deliver 75,000 to 100,000 barrels a day of oil from the
+San Joaquin Valley in California.  The 30-inch main underground
+line can transport over 300,000 barrels daily.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14436" NEWID="8915">
+<DATE>24-MAR-1987 13:47:16.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1986&#31;reute
+r f BC-MICROSIZE-INC-&lt;MSIZ>   03-24 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROSIZE INC &lt;MSIZ> 2ND QTR ENDS FEB 28 NET</TITLE>
+<DATELINE>    SALT LAKE CITY, March 24 -
+    </DATELINE><BODY>Shr profit one cent vs loss 2.6 cts
+    Net profit 59,198 vs loss 132,702
+    Revs 634,616 vs 485,730
+    six mths
+    Shr profit one cent vs loss four cts
+    Net profit 49,669 vs loss 208,278
+    Revs 1,056,452 vs 944,330
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14437" NEWID="8916">
+<DATE>24-MAR-1987 13:48:10.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1988&#31;reute
+r f BC-&lt;PAUL'S-PLACE-INC>-CO   03-24 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PAUL'S PLACE INC> CONTROL CHANGES</TITLE>
+<DATELINE>    DENVER, March 24 - </DATELINE><BODY>Paul's Place Inc said chairman,
+president and treasurer Paul D. Lambert has sold 240 mln common
+shares to other board members, advisory board members Alan H.
+Marcove and Gerald M. Marcove and an unaffiliated purchaser it
+did not name.
+    Terms were not disclosed.
+    The company said Alan Marvoce has been named to replace
+Lambert as chairman and chief executive officer and Michael T.
+Fuller has been named president.
+    Fuller was formerly president of &lt;Mr. Steak Inc>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14438" NEWID="8917">
+<DATE>24-MAR-1987 13:48:19.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1989&#31;reute
+r f BC-CONTROL-RESOURCES-&lt;CR   03-24 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTROL RESOURCES &lt;CRIX> NAMES PRESIDENT</TITLE>
+<DATELINE>    MICHIGAN CITY, Ind., March 24 - </DATELINE><BODY>Control Resources
+Industries Inc said R. Joseph Clancy was named to the
+newly-created position of president.
+    It also said Cody Geddes was named vice president and chief
+financial officer. Geddes replaces former chief financial
+officer John Wojcik, who retains his vice president's post and
+assumes the new position of corporate counsel.
+    Clancy had been vice president of the company since June
+1986, Control Resources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14439" NEWID="8918">
+<DATE>24-MAR-1987 13:49:50.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1992&#31;reute
+f f BC-******CYACQ-AMENDS-CY   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CYACQ AMENDS CYCLOPS OFFER CONDITIONS, SAYS CITICORP EXPANDS FINANCING 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14440" NEWID="8919">
+<DATE>24-MAR-1987 13:50:09.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1993&#31;reute
+d f BC-GORDON-JEWELRY-&lt;GOR>   03-24 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GORDON JEWELRY &lt;GOR> COMPLETES SALE OF UNIT</TITLE>
+<DATELINE>    HOUSTON, March 24 - </DATELINE><BODY>Gordon Jewelry Corp said it has
+completed the previously-announced sale of the assets of its
+catalog showroom stores to privately-held Carlisle Capital Corp
+for an undisclosed amount of cash and notes in excess of book
+value.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14441" NEWID="8920">
+<DATE>24-MAR-1987 13:50:46.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1996&#31;reute
+d f BC-CINCINNATI-GAS-&lt;CIN>   03-24 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CINCINNATI GAS &lt;CIN> FILES SHELF OFFERINGS</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Cincinnati Gas and Electric Co filed
+with the Securities and Exchange Commission for shelf offerings
+of up to 1.3 mln shares of cumulative preferred stock and of up
+to 200 mln dlrs of first mortgage bonds.
+    The utility said terms would be set at the time of sale.
+    An underwriting group will be led by Morgan, Stanley and Co
+Inc.
+    Proceeds will be used for general corporate purposes,
+including the financing of new construction and refunding of
+cumulative preferred stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14442" NEWID="8921">
+<DATE>24-MAR-1987 13:52:39.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2006&#31;reute
+d f BC-DEROSE-&lt;DRI>-CHAIRMAN   03-24 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEROSE &lt;DRI> CHAIRMAN STEPS DOWN</TITLE>
+<DATELINE>    TAMPA, Fla., March 24 - </DATELINE><BODY>DeRose Industries Inc said Robert
+A. DeRose has retired as chairman and chief executive officer
+but will remain on the board through 1987 in an advisory
+capacity.
+    It said president and chief operating officer Victor A.
+DeRose, his son, has been named chairman and CEO.
+    The company said director Tom Johnson, who is also
+president of High Chaparral Inc, has been named president and
+chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14443" NEWID="8922">
+<DATE>24-MAR-1987 13:53:23.89</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2007&#31;reute
+r f BC-FED'S-HELLER-URGES-JA   03-24 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S HELLER URGES JAPANESE TO BUY U.S. GOODS</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>A member of the Federal Reserve
+Board, Robert Heller, said he wanted to see stronger Japanese
+demand for American goods.
+    "What I was advocating here was more Japanese purchases of
+American goods," Heller said in response to a question about the
+dollar's weakness in currency markets.
+    He told a Heritage Foundation forum, "I'd be very happy to
+see that."
+    In his formal remarks, Heller said he supported the idea of
+using commodity prices as an indicator for monetary policy.
+    Asked if he would raise the issue at the next Federal Open
+Market Committee meeting, he said, "Even at previous meetings
+commodity prices were raised."
+    He added, "I would not expect future meetings to be
+different from past meetings in that respect."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14444" NEWID="8923">
+<DATE>24-MAR-1987 13:54:17.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2011&#31;reute
+d f BC-BSD-MEDICAL-&lt;BSDM>-NA   03-24 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BSD MEDICAL &lt;BSDM> NAMES CHIEF EXECUTIVE</TITLE>
+<DATELINE>    SALT LAKE CITY, March 24 - </DATELINE><BODY>BSD Medical Corp said it named
+Victor Vaguine as president and chief executive officer.
+    He replaces James Skinner, the company said.
+    Vaguine was executive vice president of research and
+engineering at Clini-Therm Corp &lt;CLIN>, the company said.
+    In addition, the company said Alan Himber agreed to buy
+400,000 dlrs of equity securities by April 30, and agreed to an
+option to purchase another one mln dlrs by the same date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14445" NEWID="8924">
+<DATE>24-MAR-1987 13:56:12.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2015&#31;reute
+r f BC-COCA-COLA-&lt;KO>-EXECUT   03-24 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA-COLA &lt;KO> EXECUTIVE RESIGNS</TITLE>
+<DATELINE>    ATLANTA, March 24 - </DATELINE><BODY>Coca-Cola Co said Eugene V. Amoroso has
+resigned as president and chief executive officer of its
+Coca-Cola Foods division to pursue other business interests.
+    The company said Harry E. Teasley Jr., who had headed its
+bottling subsidiary serving southern England, will succeed
+Amoroso.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14446" NEWID="8925">
+<DATE>24-MAR-1987 13:57:53.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2021&#31;reute
+h f BC-TAJON-RANCH-CO-&lt;TRC>   03-24 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAJON RANCH CO &lt;TRC> 4TH QTR NET</TITLE>
+<DATELINE>    LEBEC, Calif. March 24 -
+    </DATELINE><BODY>Shr five cts vs nine cts
+    Net 560,000 vs 1,247,000
+    Revs 7,597,000 vs 4,619,000
+    Year
+    Shr ten cts vs 17 cts
+    Net 1,225,000 vs 2,161,000
+    Revs 26.5 mln vs 23.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14447" NEWID="8926">
+<DATE>24-MAR-1987 13:59:04.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2024&#31;reute
+r f BC-HEALTH-MANAGEMENT-&lt;HM   03-24 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH MANAGEMENT &lt;HMA> LIMITS LIABILITY</TITLE>
+<DATELINE>    NAPLES, Fla., March 24 - </DATELINE><BODY>Health Management Associates Inc
+said stockholders approved amendments to its restated
+certificate of incorporation limiting the personal liability of
+directors for monetary damages except in certain circumstances.
+    The company said the amendments also authorized the
+indemnification, or protection, of directors, officers and
+employees for claims made against them in their official
+capacity.
+    It also said stockholders approved a stock option plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14448" NEWID="8927">
+<DATE>24-MAR-1987 14:00:29.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2028&#31;reute
+d f BC-SHOWBOAT-&lt;SBO>-PLAY-M   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHOWBOAT &lt;SBO> PLAY MONEY OPENING DELAYED</TITLE>
+<DATELINE>    ATLANTIC CITY, N.J., March 24 - </DATELINE><BODY>Showboat Inc said the play
+money opening of gambling at its Atlantic City, N.J., Showboat
+Hotel, Casino and Bowling Center has been delayed pending the
+receipt of regulatory approvals.
+    Gambling with play money was to have started tomorrow. A
+company spokesman said Showboat must still receive its
+certificate of occupancy, after which the New Jersey Casino
+Control Commission needs about 48 hours to set up for the
+trial-run gambling. After the trial run, Showboat is required
+by commission regulations to run at least one day of low-limit
+betting.
+    The spokesman said, however, that Showboat still expects to
+start normal gaming operations on April 3 as scheduled.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14449" NEWID="8928">
+<DATE>24-MAR-1987 14:03:48.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2045&#31;reute
+s f BC-CENTERIOR-ENERGY-CORP   03-24 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTERIOR ENERGY CORP &lt;CX> SETS QUARTERLY</TITLE>
+<DATELINE>    CLEVELAND, March 24 -
+    </DATELINE><BODY>Qtly div 64 cts vs 64 cts prior
+    Pay May 15
+    Record April 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14450" NEWID="8929">
+<DATE>24-MAR-1987 14:04:27.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2050&#31;reute
+r f BC-BALLADUR-SAYS-FRENCH   03-24 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR SAYS ECONOMIC REBOUND TO TAKE YEARS</TITLE>
+<DATELINE>    PARIS, March 24 - </DATELINE><BODY>France's economic recovery will take
+several years, Finance Minister Edouard Balladur told the
+Economic and Social Council (CES), an advisory body composed of
+industrialists, trade unionists and representatives of other
+sectors of the French economy.
+    "We will bear for long years to come the weight of the
+choices made at the start of the oil crisis about 15 years ago,
+unfavorable choices for industries but favorable for
+households," he said without elaborating.
+    "It is the cost of this choice that our industries are still
+having to bear. We must improve their competitivity to regain
+growth and employment," Balladur added.
+    Balladur said the French budget deficit must be reduced to
+below 70 billion francs from 129 billion forecast for 1987 but
+he gave no time-scale. He has already announced his intention
+of cutting the deficit to 100 billion francs in 1989.
+    He said France's public debt, expected to grow by 10 pct
+this year compared with 1,300 billion francs in 1986, must not
+increase by more than between 60 to 70 billion francs a year.
+    He reaffirmed that income from the government's sweeping
+privatization program, seen to be at least 30 billion francs
+for 1987, must be used mainly to pay off French state debt and
+not to finance current needs.
+                              
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14451" NEWID="8930">
+<DATE>24-MAR-1987 14:05:55.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2055&#31;reute
+r f BC-SUFFIELD-FINANCIAL-CO   03-24 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUFFIELD FINANCIAL CORP &lt;SFCP> RAISES QUARTERLY</TITLE>
+<DATELINE>    SUFFIELD, Conn., March 24 -
+    </DATELINE><BODY>Qtly div five cts vs three cts prior
+    Pay April 10
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14452" NEWID="8931">
+<DATE>24-MAR-1987 14:06:39.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2056&#31;reute
+f f BC-******EASTMAN-KODAK-T   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EASTMAN KODAK TO REDUCE CAPACITY AND EMPLOYMENT IN POLYESTER FIBERS BUSINESS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14477" NEWID="8932">
+<DATE>24-MAR-1987 14:07:15.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2058&#31;reute
+u f BC-CYACQ-CUTS-CONDITIONS   03-24 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYACQ CUTS CONDITIONS ON CYCLOPS &lt;CYL> BID</TITLE>
+<DATELINE>    NEW YORK, March 23 - </DATELINE><BODY>Cyacq Corp, an investor group bidding
+for Cyclops Corp, said it amended its outstanding 92.50 dlrs a
+share tender offer for Cyclops to eliminate two conditions and
+modify a third one.
+    The group, which includes Audio/Video Affiliates Inc and a
+unit of Citicorp &lt;CCI>, said it also obtained additional
+financing commitments, including an increased commitment from
+Citicorp Capital Investors Ltd.
+    The conditions that were eliminated are Cyacq's request for
+non-public information about Cyclops that was previously
+provided to Dixons Group PLC and Cyacq's being satisified that
+the information provides an adequate basis for Cyclop's
+published financial projections.
+    Cyclops has agreed to be acquired Dixons Group, which has a
+90.25 dlrs a share tender offer for Cyclops outstanding. Dixons
+said earlier it would allow the offer to expire tonight.
+    The condition that was modified, which required Cyacq to be
+satisfied that break up fees or other obligations to Dixons
+were rescinded or ineffective, now says Cyclops shall not have
+paid any such fees or expenses to Dixons prior to the
+consummation of Cyacq's offer.
+    Cyacq's amended offer expires midnight New York time on
+April three, 1987, unless extended.
+    Manufacturers Hanover Trust Co and CIT Group/Business
+Credit Inc increased its tender offer commitment to 197 mln
+dlrs from 166 mln dlrs and its merger commitment to 275 mln
+dlrs from 250 mln dlrs.
+    Additionally, the Citicorp unit and Audio/Video have
+increased their commitments to Cyacq to 185 mln dlrs. Of the
+new total, 150 mln dlrs has been committed by Citicorp.
+    Cyacq said it estimates that it needs 407.5 mln dlrs to buy
+all Cyclops shares that may be tendered and pay related fees
+and expenses.
+    It said it is seeking to arrange the balance of about 25.5
+mln dlrs necessary to complete the offer.
+    All previously announced conditions regarding the lending
+group led by Manufacturers Hanover remain in effect, except
+that the loans are subject to the concurrent receipt by Cyacq
+of equity contributions and other financing of not less than
+210.5 mln dlrs for the tender offer facility and 213.5 mln dlrs
+for the merger facility.
+    Cyacq also said the Citicorp unit had received no
+indications of interest in an alternative offer it had made
+from Dixons, Cyclops or Alleghany Corp &lt;Y>, which has agreed to
+acquire Cyclops' industrial group from Dixons.
+    Under the alternative offer, the Citicorp unit, with
+Cyacq's approval, proposed to acquire the industrial group from
+Dixons.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14453" NEWID="8933">
+<DATE>24-MAR-1987 14:08:34.06</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>itc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2059&#31;reute
+u f BC-TIN-PACT-EXTENSION-LI   03-24 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIN PACT EXTENSION LIKELY - ITC DELEGATES</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>An extension of the sixth International
+Tin Agreement, ITA, for one or two years beyond June 30 is
+increasingly likely, International Tin Council, ITC, delegates
+said following a special council session today.
+    A formal decision will be taken at the quarterly council
+session on April 8-9 when decisions are needed on the budget
+and activities for the year beginning July one, they stated.
+    Delegates said most countries now favour a continued legal
+ITC presence to answer the still unresolved legal disputes over
+the outstanding debts of its buffer stock with court hearings
+likely to continue well after the June 30 expiry of the pact.
+    The ITC was informally told of the appeal made yesterday by
+Amalgamated Metal Trading Ltd, AMT, against the January court
+ruling against it in the legal bid it led on behalf of ITC
+creditor brokers to have the ITC wound up.
+    In January the judge ruled that the U.K. Court had no
+jurisdiction to wind up the tin council, the ITC was not an
+association within the meaning of the U.K. Companies act, and
+the winding-up petition was not a proceeding in respect in
+respect of an arbitration award.
+    AMT is appealing on all points and has said it is important
+for the court to accept that a winding-up petition is a move to
+enforce an arbitration ruling.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14454" NEWID="8934">
+<DATE>24-MAR-1987 14:08:49.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2061&#31;reute
+r f BC-CANDLEWOOD-BANK-INITI   03-24 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANDLEWOOD BANK INITIAL OFFERING STARTS</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Underwriter Moseley Holding Corp
+&lt;MOSE> said an initial public offering of 500,000 common shares
+of Candlewood Bank and Trust Co is underway at 10 dlrs per
+share.
+    It said it has been granted an option to buy up to 75,000
+more shares to cover overallotments.  Directors and officers of
+the bank are expected to buy about 110,000 common shares at the
+public offering price, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14455" NEWID="8935">
+<DATE>24-MAR-1987 14:12:25.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2071&#31;reute
+h f BC-SIGMA-RESEARCH-ONC-&lt;S   03-24 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIGMA RESEARCH ONC &lt;SIGR> 2ND QTR DEC 31 LOSS</TITLE>
+<DATELINE>    SEATTLE, Wash., March 24 -
+    </DATELINE><BODY>Shr loss 27 cts vs profit one ct
+    Net loss 532,376 vs profit 15,584
+    Revs 1,899,719 vs 2,432,256
+    Six mths
+    Shr loss 78 cts vs profit two cts
+    Net loss 1,521,002 vs profit 30,145
+    Revs 3,235,907 vs 5,276,119
+    Note: year ago net includes gain from tax carryforwards of
+5,000 dlrs in quarter and 9,000 dlrs in year.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14456" NEWID="8936">
+<DATE>24-MAR-1987 14:15:15.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2077&#31;reute
+f f BC-******FED-SAYS-IT-BUY   03-24 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS IT BUYS BILLS OUTRIGHT FOR CUSTOMER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14457" NEWID="8937">
+<DATE>24-MAR-1987 14:16:25.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2080&#31;reute
+r f BC-TIME-&lt;TL>-BEGINS-DEBT   03-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIME &lt;TL> BEGINS DEBT TENDER, FILES SHELF</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Time Inc said it began a tender offer
+for all of its 150 mln dlrs of outstanding 10-5/8 pct notes due
+Oct 15, 1992.
+    The publishing company also said it filed a shelf
+registration with Securities and Exchange Commission covering a
+total of 500 mln dlrs of debt securities to be offered and sold
+from time to time.
+    Under the tender, the company will repurchase the 10-5/8
+pct notes at 1,116.50 dlrs per 1,000 dlrs principal amount plus
+accrued interest to date of payment. The offer will expire 1700
+New York time April 1, 1987, unless extended.
+    Payment will be made not later than five business days
+following expiration of the tender offer. Salomon Brothers Inc
+is exclusive agent for purchase of the notes, Time said.
+    Under the shelf registration, Time currently plans to issue
+about 250 mln dlrs of 30-year debentures to be used in
+connection with the tender offer and its previously announced
+plans to redeem its Eurodollar debt issue.
+    The debentures will be sold through a syndicate of
+underwriters managed by Salomon Brothers Inc and First Boston
+Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14458" NEWID="8938">
+<DATE>24-MAR-1987 14:16:38.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2082&#31;reute
+d f BC-MORGAN-FILES-COMPLAIN   03-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN FILES COMPLAINT AGAINST METROMEDIA</TITLE>
+<DATELINE>    SECAUCUS, N.J., March 24 - </DATELINE><BODY>&lt;Metromedia Co> said Morgan
+Guaranty Trust Co of New York filed a complaint against
+Metromedia for default under the indenture to which its
+subordinated debentures are outstanding.
+    The debentures were issued in June 1984 in connection with
+Metromedia's leveraged buyout. Morgan Guaranty, the trustee
+under the indenture, said Metromedia's liquidation constituted
+an event of default.
+    It is requesting Metromedia pay 100 pct of the principal
+amount plus a default amount equal to 575 dlrs per 1000 dlr
+principal amount of the debentures.
+    Metromedia said only five pct of the debentures remain
+outstanding as a result of a November 1986 purchase offer and
+previous offers under which Metromedia bought 103 mln dlrs
+principal amount of debentures at 803.70 dlrs per 1,000 dlr
+principal amount.
+    Notwithstanding such technical default, Metromedia, which
+dissolved on December 17, 1986, said it will pay all of its
+liabilities.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14459" NEWID="8939">
+<DATE>24-MAR-1987 14:18:22.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2086&#31;reute
+r f BC-NISSAN-U.S.-CAR-SALES   03-24 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN U.S. CAR SALES RISE IN MID-MARCH</TITLE>
+<DATELINE>    CARSON, CALIF., March 24 - </DATELINE><BODY>Nissan Motor Corp in U.S.A. said
+its domestic car sales for the March 11-20 period rose 10.7 pct
+to 3,358 from 3,033 in the same year-ago period.
+    For the month, it said car sales increased to 5,495 from
+4,827 and for the year they rose to 19,264 from 17,673 a year
+earlier.
+    Nissan said U.S. truck sales in mid-March declined 29.8 pct
+to 2,018 from 2,875 a year ago. For the month, sales declined
+to 3,704 from 4,503, and year to date they advanced to 16,831
+from 15,338.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14473" NEWID="8940">
+<DATE>24-MAR-1987 14:19:44.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2088&#31;reute
+u f BC-KODAK-&lt;EK>-TO-CUT-POL   03-24 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KODAK &lt;EK> TO CUT POLYESTER FIBER OPERATIONS</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 24 - </DATELINE><BODY>Eastman Kodak Co said it will
+reduce capacity and employment levels in two polyester fiber
+operations of its Eastman Chemicals division.
+    A company spokesman said the company will take "some
+writeoff" in connection with the action in the first quarter
+and there will probably be a further "carryover" writeoff in
+the second quarter.  The writeoffs will cover the costs of
+plants and equipment involved, as well as expenses connected
+with the staff cuts.
+    Kodak said the division will discontinue production of
+polyester partially-oriented filament yarn, or POY, at its
+Carolina Eastman Co plant in Columbia, S.C., and will idle 100
+mln pounds of older polyester staple fiber production capacity,
+mostly in Columbia.
+    The company said about 350 jobs will be affected in
+Columbia, most of which are now performed by contract workers,
+and about 225 jobs at its Tennessee Eastman Co plant in
+Kingsport, Tenn.
+    Kodak said part of the staff reduction will be achieved
+through an enhanced voluntary separation and retirement plan
+for employees of Carolina Eastman, Eastman Chemical Products
+Inc and other Kodak units in Kingsport, except Holsten Defense
+Corp. Most of the workforce reduction is expected to be
+completed by April 30.
+    Kodak said depressed prices and poor financial performance
+have led to the decision. It said about 50 mln pounds of POY
+production will be shut down as a result of its exit from the
+business. All Kodak POY production has been at Carolina Eastman
+since last year.
+    The company said annual capacity for production of Kodel
+polyester staple fiber will be reduced to 400 mln pounds from
+500 mln due to lesser demand.
+    It said it will proceed with a previous decision to phase
+in a new 100 mln pound staple fiber plant at Carolina Eastman.
+    Carolina Eastman employs about 1,350 and the Kingsport
+units affected about 10,800.
+    The company spokesman later said the charges will be
+insignificant and will have no impact on earnings estimates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14460" NEWID="8941">
+<DATE>24-MAR-1987 14:20:22.12</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2091&#31;reute
+u f BC-HEAVY-SIGNUP-SEEN-IN   03-24 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEAVY SIGNUP SEEN IN 1987 CORN PROGRAM - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>With less than a week remaining to
+enroll in the 1987 feedgrains program, Agriculture Department
+officials said that final signup will probably exceed last
+year's level of 85 pct.
+    Enrollment in USDA's basic acreage reduction program will
+likely total close to 90 pct, Agricultural Stabilization and
+Conservation Service, ASCS, officials said, with 50 to 70 pct
+of the enrolling farmers also expected to sign up for the paid
+land diversion program.
+    The signup period of the 1987 feedgrains program officially
+ends at the close of the business day on March 30.
+    USDA will release its official signup report around April
+15, an official said.
+    USDA personnel in the corn belt states of Iowa, Illinois,
+and Indiana have been reporting heavy signup activity, an ASCS
+official told Reuters.
+    A surge of acitivity is expected during this final week of
+signup, the official said.
+    "A lot of farmers have been dragging their feet because
+they were anticipating some changes in the program, but that
+doesn't look very likely now," he said.
+    To enroll in the 1987 feedgrains program, farmers have to
+set aside 20 pct of the program acreage base, and have the
+option to idle an additional 15 pct under a paid land diversion
+program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14461" NEWID="8942">
+<DATE>24-MAR-1987 14:21:06.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2094&#31;reute
+f f BC-******IBM-CALLS-250-M   03-24 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IBM CALLS 250 MLN DLRS OF 9-7/8 PCT NOTES FOR REDEMPTION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14462" NEWID="8943">
+<DATE>24-MAR-1987 14:25:07.51</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2097&#31;reute
+u f BC-ILLINOIS-CO-OP-FUTURE   03-24 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ILLINOIS CO-OP FUTURES DISSOLUTION VOTE SET</TITLE>
+<AUTHOR>    By Keith Leighty</AUTHOR>
+<DATELINE>    CHICAGO, March 24 - </DATELINE><BODY>The shareholders of Illinois
+Cooperative Futures Co., the futures trading arm of many
+Midwest farm cooperatives for more than 25 years, will vote
+Wednesday on its possible dissolution.
+    The directors of the company called a special meeting and
+recommended its dissolution last month, citing falling volume
+and increasing costs.
+    Sources close to the organization told Reuters the pullout
+of Growmark, Inc., which holds more than 70 pct of the capital
+stock, led to the call for dissolution.
+    The possible demise of the cooperative has set clearing
+houses scrambling for the trading business of the 85 regional
+and local cooperatives that comprise its membership.
+    Ironically, it was Growmark, at that time a regional farm
+cooperative with major river terminal elevators, that founded
+Illinois Cooperative Futures on December 1, 1960.
+    But Growmark became affiliated last year with Archer
+Daniels Midland of Decatur, Ill., and markets its grain through
+a joint subsidiary of the two companies, ADM/Growmark.
+    With that relationship, Growmark no longer needs to trade
+futures through the cooperative, said Tom Mulligan, president
+of the co-op.
+    Membership in the company, which Mulligan termed a
+cooperative of cooperatives, has declined from 99 in 1982. A
+notable loss was AgriIndustries of Iowa, which became
+affiliated with Cargill, Inc.
+    Illinois Co-op's other members include such regional
+cooperatives as Indiana Grain, based in Indianapolis, Goldkist,
+of Atlanta, Ga., Midstates in Toledo, Ohio, Farmland Industries
+in Kansas City, Mo., Farmers Commodities, Des Moines, and
+Harvest States in Minneapolis.
+    Some observors said the demise of Illinois Cooperative
+Futures Co. is a serious blow to the cooperative system.
+    Instead of banding together, the individual cooperatives
+are forced to go their own ways, said the floor manager of one
+cash house at the Chicago Board of Trade.
+    Such a move would destroy the cohesiveness that gives farm
+cooperatives an advantage in the market at a time that a few
+major commercial companies are growing dominant, he said.
+    Don Hanes, vice president for communications with the
+National Council of Farm Cooperatives, said 5,600 cooperatives
+exist today, down from 6,700 five years ago.
+    "The period we've gone through in the past five years has
+been quite a crunch," he said. "There's been a lot of
+consolidation in the marketing co-ops."
+    One problem, he said, is the co-ops sell the grain to the
+major commercials for export, rather than exporting it
+themselves, losing potential profits.
+    But exporting grain requires heavy investments, and the
+multi-million-dollar loss posted six years ago by Farmers
+Export Co., a co-op set up to export grains, served "to make
+folks gun-shy," Hanes said.
+    Mulligan said he believes the dissolution, if it is
+approved, is a result of change in the futures industry rather
+than a change in U.S. agricultural economics.
+    A grain dealer at one member co-op said the futures arm
+"was a convenience, something that saved us a little bit of
+money. (Its dissolution) will force us to change our way of
+doing business."
+    "We're sorry to see the co-op go by the wayside," he said.
+"But there are lot of people out there to do business with.
+There are plenty of capable firms."
+    Steven W. Cavanaugh, vice president for grain marketing
+with Indiana Grain, said he would prefer to trade futures
+through a Chicago-based cooperative.
+    "In terms of clearing our business as a unit as opposed to
+individuals, there would be economic savings," he said but
+added, "The times change and with changing times, come
+different opinions of what businesses ought to be around."
+    Cavanaugh said the possible demise of the futures arm had
+nothing to do with its profitability. "I would guarantee you
+that this company is not in trouble. It is a sound, healthy
+organization."
+    In the year ended February 28, 1986, the Illinois
+Cooperative reported income of 10.2 mln dlrs and members'
+equity, or net worth, of 8.3 mln dlrs. The annual report for
+the most recent year has not been filed.
+    Under the cooperative system, income from operations is
+returned as "patronage refunds" to the members.
+    Income and refunds in the past five years have been
+declining. In the year ended February 28, 1982, the co-op
+reported income of 17.4 mln dlrs and patronage refunds of 17.0
+mln dlrs. Patronage refunds in the year ended February 28,
+1986, totalled 9.5 mln dlrs.
+    "You're dealing with substantially lower volume," Mulligan
+said. "Lower volume translates into higher costs."
+    According to the company's 1986 annual report, Growmark
+owns 90 pct of the preferred shares and four pct of the common
+shares of Illinois Cooperative Futures Co.
+    Mulligan declined to speculate on how much of the capital
+Growmark is entitled to. He said he could not determine the
+figure unless the shareholders decide in favor of dissolution.
+Equity is distributed according to each member's trading volume
+and, as a result, changes from year to year.
+    However, Mulligan said the company could continue to meet
+minimum capital requirements to trade futures even if Growmark
+pulled out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14463" NEWID="8944">
+<DATE>24-MAR-1987 14:25:59.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2099&#31;reute
+u f BC-CONRAC-&lt;CAX>-SOARS-FO   03-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONRAC &lt;CAX> SOARS FOLLOWING MARK IV &lt;IV> BID</TITLE>
+<AUTHOR>    By Cal Mankowski, Reutersd</AUTHOR>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Heavy buying by speculators boosted
+Conrac Corp 7-7/8 to 29, higher than a 25-dlr-per-share cash
+tender offer announced by Mark IV Industries Inc &lt;IV>.
+    "It's a case of ChemLawn euphoria," said one arbitrageur,
+referring to a recent hostile tender that began at 27 dlrs per
+share and ended when ChemLawn Corp &lt;CHEM> found a white knight
+willing to bid 36.50 dlrs.
+    For Conrac, the arbitrageur said, 28 dlrs per share seemed
+like an "appropriate price." Another said "it's too early to
+project the outcome."
+    "The market is speaking for itself and saying the 25 dlr
+offer is inadequate," the second arbitrageur said. But he added
+it was hard to make a case for Conrac being worth much more
+than the 29 dlrs where the shares traded today.
+    He noted the stock recently sold in the high teens and
+there could be a downward risk of 10 dlrs or more if Conrac is
+able to thwart Mark IV.
+    Conrac urged shareholders to take no action while its board
+studies the offer and confers with advisers. Conrac said it
+would make a recommendation by April 17.
+    A third arbitrageur noted Mark IV had been involved in
+several takeovers previously and has proven itself to be a
+determined bidder. "They're not beginners," he said.
+    Another said Conrac might have trouble if it tried to find
+another buyer. "It's a hodge-podge of non-related businesses,"
+he said. "There is only a small universe of people who would
+want to own the company as it's presently structured."
+    Conrac is involved in video displays, computer software,
+aircraft instruments, telephone answering machines, welding
+equipment and other products.
+    "I'm telling retail clients to sell and leave the rest for
+those who can take the risk," said Rudolph Hokanson, analyst at
+Milwaukee Co.
+    He called the 25-dlr offer by Mark IV "fair value but on
+the low side." "I don't think management was looking for a
+buyer in any way before this offer," he said.
+    Hokanson said Conrac has conservative finances and has
+developed a reputation for quality products that serve niche
+markets. He said management has done a good job of turning
+around the telephone answering machine business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14465" NEWID="8945">
+<DATE>24-MAR-1987 14:26:07.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2100&#31;reute
+r f BC-LASER-PHOTONICS-&lt;LAZR   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LASER PHOTONICS &lt;LAZR> SELLS COMMON SHARES</TITLE>
+<DATELINE>    ORLANDO, Fla., March 24 - </DATELINE><BODY>Laser Photonics Inc said it sold
+615,385 shares of its common stock to investors for one mln
+dlrs under a previously-announced agreement.
+    In connection with the investment, the company said it will
+restructure its board. There will be eight members, three of
+whom were designated by the new investors, the company said.
+The group of investors include affiliates of &lt;Radix
+Organization Inc>, the company said.
+    Richard Gluch Jr resigned from the board. Joining the board
+were Leonard Lichter, Pierre Schoenheimer and Roger Kirk, the
+investors' designates, the company added.
+    Other members of the board are chairman Don Friedkin,
+president and chief executive officer Mark Fukuhara, and Jay
+Watnick, Ira Goldstein, Thurman Sasser and Michael Clinger.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14466" NEWID="8946">
+<DATE>24-MAR-1987 14:26:15.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2101&#31;reute
+r f BC-CROWLEY,-MILNER-AND-C   03-24 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CROWLEY, MILNER AND CO&lt;COM> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    DETROIT, March 24 -
+    </DATELINE><BODY>Shr 4.11 dlrs vs 3.51 dlrs
+    Net 2,091,000 vs 1,785,000
+    Sales 38.8 mln vs 34.3 mln
+    Year
+    Shr 3.42 dlrs vs 3.57 dlrs
+    Net 1,740,000 vs 1,815,000
+    Sales 113.0 mln vs 104.1 mln
+    Qtly div 25 cts vs 25 cts previously
+    Pay April 30
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14464" NEWID="8947">
+<DATE>24-MAR-1987 14:26:25.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2102&#31;reute
+u f BC-CONRAC-&lt;CAX>-URGES-NO   03-24 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONRAC &lt;CAX> URGES NO ACTION ON BID</TITLE>
+<DATELINE>    STAMFORD, Conn., March 24 - </DATELINE><BODY>Conrac Corp said it is asking
+shareholders to take no action on the 25-dlr-per-share tender
+offer for all its shares launched this morning by Mark IV
+Industries Inc &lt;IV>.
+    The company said its board will study the offer with
+financial and legal advisors and make a recommendation to
+shareholders by April 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14467" NEWID="8948">
+<DATE>24-MAR-1987 14:27:00.21</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2106&#31;reute
+r f BC-&lt;D'OR-VAL-MINES-LTD>   03-24 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;D'OR VAL MINES LTD> FINDS HIGH-GRADE ORDER</TITLE>
+<DATELINE>    VANCOUVER, March 24 - </DATELINE><BODY>D'Or Val Mines Ltd said a recent
+drill hole from the surfrace has intersected high-grade ore in
+a downdip extension of the Discovery Vein in its D'Or Val Mine
+in northern Quebec.
+    The company said 42.3 feet of the hole graded 0.92 ounce
+per short ton of gold, including a 17.5 foot section grading
+2.17 ounces.
+    It said the zone is just below the projection of the
+seventh level of the mine about 1,450 feet below the surface
+and 820 feet west of the shaft.
+    D'Or Val said this find and other recent ones will make
+substantial contributions to the mine's ore reserves and grade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14468" NEWID="8949">
+<DATE>24-MAR-1987 14:27:32.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2110&#31;reute
+d f BC-LVI-GROUP-INC-&lt;LVI>-F   03-24 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LVI GROUP INC &lt;LVI> FILES PREFERRED OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>The LVI Group Inc said it will file 
+with the Securities and Exchange Commission a registration
+statement covering 30 mln dlrs of a new issue of a convertible
+exchangeable preferred stock of the company.
+    The company said the offering will only be made by means of
+a perspectus to be filed as part of the registration statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14469" NEWID="8950">
+<DATE>24-MAR-1987 14:27:42.45</DATE>
+<TOPICS><D>ship</D><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2111&#31;reute
+b f BC-BRAZILIAN-SEAMEN-SAY   03-24 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN SEAMEN SAY 14,000 NOW BACK AT WORK</TITLE>
+<DATELINE>    SAO PAULO, March 24 - </DATELINE><BODY>About 14,000 of Brazil's 40,000
+seamen are now back at work after pay accords with 21 shipping
+companies but the rest are still on strike, a spokesman at
+strike headquarters said today.
+    The seamen began a national stoppage on February 27.
+    The spokesman, talking by telephone from Rio de Janeiro,
+said 126 ships were strike-bound.
+    He added that because of resignations by many seamen there
+were scarcely any crews left on 38 of these ships.
+    The seamen have settled in general for pay rises of 120 pct
+with the 21 companies. Talks with the shipowners' association
+Syndarma have been deadlocked over overtime.
+    While exports have been delayed by the strike, exporters
+say the problems have been manageable.
+    "It hasn't been critical by any means," said a coffee trader
+in Santos, who noted that coffee was still moving on foreign
+ships.
+    Economic analysts added, however, that any delay to exports
+served to aggravate Brazil's balance of payments crisis, which
+last month prompted the government to suspend interest payments
+on 68 billion dlrs of commercial debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14470" NEWID="8951">
+<DATE>24-MAR-1987 14:28:40.07</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2114&#31;reute
+b f BC-/-FED-BUYS-500-MLN-DL   03-24 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED BUYS 500 MLN DLRS OF BILLS FOR CUSTOMER</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>The Federal Reserve purchased about
+500 mln dlrs of U.S. Treasury bills for a customer, a
+spokeswoman said.
+    She said that the Fed bought bills maturing in June and
+July, and on August 27 and September 10 for regular delivery
+tomorrow.
+    Dealers said that Federal funds were trading at 6-1/8 pct
+when the Fed announced the operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14471" NEWID="8952">
+<DATE>24-MAR-1987 14:29:25.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2117&#31;reute
+f f BC-******REAGAN-SIGNS-GI   03-24 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REAGAN SIGNS GINNIE MAE BILL, VOICES CONCERN ON FEES CAP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14472" NEWID="8953">
+<DATE>24-MAR-1987 14:30:14.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2119&#31;reute
+u f BC-IBM-&lt;IBM>-TO-REDEEM-2   03-24 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> TO REDEEM 250 MLN DLRS OF NOTES</TITLE>
+<DATELINE>    STAMFORD, Conn., March 24 - </DATELINE><BODY>International Business Machines
+Corp's IBM Credit Corp subsidiary said it is calling for
+redemption on May 15 all 250 mln dlrs of its 9-7/8 pct notes
+due May 15, 1988 at 101 pct of principal amount.
+    It said holders will receive accrued interest through the
+redemption date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14474" NEWID="8954">
+<DATE>24-MAR-1987 14:31:41.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2122&#31;reute
+r f BC-PHILADELPHIA-ELECTRIC   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA ELECTRIC &lt;PE> SELLS MORTGAGE BONDS</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Philadelphia Electric Co is raising
+250 mln dlrs via an offering of first and refunding mortgage
+bonds due 2017 yielding 9.40 pct, said lead manager Morgan
+Stanley and Co Inc.
+    Morgan led a group that won the bonds in competitive
+bidding. It bid them at 98.859 and set a 9-3/8 pct coupon and
+reoffering price of 99.75 to yield 170 basis points over the
+off-the-run 9-1/4 pct Treasury bonds of 2016.
+    Non-refundable for five years, the issue is rated Baa-3 by
+Moody's and BBB-minus by S and P. Co-managers are Daiwa, Dillon
+Read, Drexel Burnham and Wertheim Schroder.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14475" NEWID="8955">
+<DATE>24-MAR-1987 14:32:03.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2125&#31;reute
+d f BC-REAGAN-SIGNS-GNMA-BIL   03-24 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SIGNS GNMA BILL WITH RESERVATIONS</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>President Reagan signed a bill
+limiting fees that may be charged by the Government National
+Mortgage Association (GNMA) for its guarantees of privately
+issued mortgage-backed securities but voiced serious
+reservations about the measure.
+    He said the bill's provision barring GNMA from increasing
+its current fee of .06 pct charged to issuers of single-family
+mortgage backed securities "is an unnecessary and risky
+congressional intrusion into GNMA's ability to respond quickly
+and flexibly to changes in financial markets."
+    Reagan said his reservations "must be addressed promptly
+through remedial amendments."
+    Reagan said the provision hampered GNMA's ability to
+maintain reserves necessary to meet its obligations,
+"particularly in light of a disturbing increase in claims and in
+GNMA's contingent liabilities."
+    Reagan said the legislative cap on fees "could well call
+into question the adequacy of GNMA's  current reserve of 1.4
+billion dlrs, given the 250 billion in GNMA-guaranteed
+securities presently outstanding and GNMA's monthly contingent
+liability of three billion dlrs."
+    Reagan said he had instructed Housing Secretary Samuel
+Pierce to work with Congress to draft revisions to the
+legislation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14476" NEWID="8956">
+<DATE>24-MAR-1987 14:33:52.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2133&#31;reute
+r f BC-PENN-TRAFFIC-CO-&lt;PNF>   03-24 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENN TRAFFIC CO &lt;PNF> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    JOHNSTOWN, Penn., March 24 -
+    </DATELINE><BODY>Shr 33 cts vs 46 cts
+    Net 1,350,000 vs 1,886,000
+    Revs 150.1 mln vs 127.9 mln
+    Year
+    Shr 1.76 dlr vs 1.59 dlr
+    Net 7,300,000 vs 6,567,000
+    Revs 548 mln vs 510.5 mln
+    NOTE: First three quarters of 1986 have been restated to
+reflect adoption in 4th qtr of new pension accounting procedure
+which increased net income in first three qtrs 204,000 dlrs or
+five cts per share. Procedure increased fourth qtr income
+73,000 dlrs or two cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14478" NEWID="8957">
+<DATE>24-MAR-1987 14:37:53.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2150&#31;reute
+d f BC-CELANESE-PRODUCES-NEW   03-24 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CELANESE PRODUCES NEW FIBER IN U.S.</TITLE>
+<DATELINE>    CHARLOTTE, N.C, March 24 - </DATELINE><BODY>Celanese Industrial Fibers, a
+division of &lt;Hoechst Celanese Corp's> Celanese Fibers Inc
+subsidiary, said it is producing industrial miltifilament yarns
+of polyetheretherketone polymer for the first time in the
+United States.
+    Hoechst and Celanese completed their merger last month.
+Under an agreement with the Federal Trade Commission,
+Celanese's domestic fibers businesses are being held and
+operated separately from Hoechst Celanese Corp until the parent
+company decides on one of two divestment options.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14479" NEWID="8958">
+<DATE>24-MAR-1987 14:40:35.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2154&#31;reute
+u f BC-FNMA-DELAYS-DEBENTURE   03-24 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FNMA DELAYS DEBENTURE OFFERING ANNOUNCEMENT</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>The Federal National Mortgage
+Association said it will announce its coming debenture offering
+next Monday instead of this Friday as originally scheduled.
+    It said the debentures, which are for settlement April 10,
+will be priced next Tuesday and the offering will take place
+April 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14480" NEWID="8959">
+<DATE>24-MAR-1987 14:40:44.29</DATE>
+<TOPICS><D>earn</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2155&#31;reute
+r f BC-CALUMET-INDUSTRIES-&lt;C   03-24 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALUMET INDUSTRIES &lt;CALI> SEES 2ND QTR LOSS</TITLE>
+<DATELINE>    CHICAGO, March 24 - </DATELINE><BODY>Calumet Industries Inc said it expects
+to report a loss from operations for its second quarter ending
+March 31, despite a strong unit sales increase.
+    In the same year-ago period the company reported net income
+of 366,953 dlrs, or 18 cts a share.
+    Chairman S. Mark Salvino said the expected loss is
+primarily due to depressed product prices not recovering the
+increasing cost of crude oil.
+    Salvino also said steadier crude prices and the reduced
+rate of refinery production should increase product prices and
+lead to a return to more normal profit margins.
+    He reported that the 23 mln dlr HydroCal II system under
+construction at the company's refinery in Princeton, La., is on
+schedule and production will begin early in fiscal 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14481" NEWID="8960">
+<DATE>24-MAR-1987 14:43:07.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2160&#31;reute
+u f BC-WAINOCO-OIL-&lt;WOL>-REC   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAINOCO OIL &lt;WOL> RECAPITALIZING COMPANY</TITLE>
+<DATELINE>    HOUSTON, March 24 - </DATELINE><BODY>Wainoco Oil Corp said it is undergoing
+a recapitalization program with a proposed offering of two mln
+units consisting of common shares and warrants, the planned
+redemption of its shareholder value rights, and a change in its
+corporate structure that substantially reduces futurer income
+taxes.
+    Wainoco said it had filed a registration statement with the
+Securities and Exchange Commission for the offering of the two
+mln units consisting of two shares of common stock and one
+warrrant per unit for a total of four mln shares of common
+stock and two mln warrants.
+    Included in the two mln units to be offered are 280,000
+shares of common stock to be sold by &lt;Waverly Oil Co>,
+ a selling shareholder of Wainoco, it said.
+    Proceeds of the offering will be used to reduce bank debt,
+the company said. It said its outstanding 10-3/4 pct
+subordinated debentures may be used at face value to pay the
+exercise price of the warrants.
+    Wainoco said the offering will be underwritten by  E.F.
+Hutton and Co Inc, Kidder Peabody and Co Inc, and Smith Barney
+harris Upham Inc.
+    Simultaneous with the offering, Wainoco said it intends to
+redeem its shareholder value rights attached to each common
+share at 10 cts per right. Wainoco said without redemption of
+the value rights, the company would not have sufficient
+authorized and unissued shares of common stock to complete the
+units offering.
+    Due to certain covenants under the company's 10-3/4 pct
+subordinated debentures, the value rights redemption is
+contingent upon the success of the units offering, it said.
+    Wainoco's said its shareholders purchase rights distributed
+to the shareholders in June 1986 are unaffected and remain
+valid.
+    It said as a result of the liquidation of its Canadian
+subsidiary into the parent company, it will be able to offset
+all of its corporate overhead expenses and some of its
+debenture interests against Canadian income for tax purposes.
+    Wainoco said its pool of future Canadian tax deductions has
+been increased by an amount which should generate savings that
+will exceed existing deferred income tax liability.
+    Existing U.S. tax loss carryforward benefits in the U.S.
+are not materially affected, the company said. It added this
+will considerably reduce future income taxes in Canada and add
+to Wainoco's net income and cash flow for a number of years.
+    John Ashmun, chairman of Wainoco, said "as a result of this
+recapitalization, Wainoco will be in a strong financial
+position.
+    "Our net income and cash flow will benefit from lower
+interest expense, lower Canadian taxes, and the considerable
+savings achieved over the past few years from cost reductions,"
+he said.
+    Ashmun said the company will be able to "utilize enhanced
+cash flow to develop its large resource base and explore for
+additional reserves at a time when exploration and development
+costs are low and opportunities abound rather than using a
+disproportiaonate share of cash flow for debt service."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14482" NEWID="8961">
+<DATE>24-MAR-1987 14:43:15.25</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2161&#31;reute
+u f BC-COCOA-COUNCIL-MOVES-C   03-24 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA BUFFER STOCK ACCORD CLOSER, DELEGATES SAY</TITLE>
+<AUTHOR>    By Lisa Vaughan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>The International Cocoa Organization
+(ICCO) moved closer to an agreement on buffer stock rules, with
+many delegates saying they expect to reach an accord by Friday.
+    "Everyone is convinced the buffer stock rules should be in
+place by Friday so the buffer stock can be put into operation
+Monday," a consumer delegate said. "The atmosphere is excellent."
+    Other delegates said the buffer stock might not be
+operational by Monday but could be in place by around April 1,
+if the rules are agreed by Friday.
+    A detailed package on how the buffer stock manager will buy
+and sell cocoa was presented to a buffer stock working group
+this afternoon -- a big step toward a "very interesting stage of
+negotiations," delegates said.
+    The package, based on negotiating principles informally
+agreed by delegates, has been forged bit by bit during
+fortnight-long meetings by ICCO Executive Director Kobena
+Erbynn and a small group of other delegates.
+    Producers, the European Community (EC) and consumers are
+scheduled to consider the paper separately and then jointly
+tomorrow.
+    Under the proposal, the buffer stock manager would buy
+cocoa from origins or the second-hand market on an offer
+system. He would alert the market via news agencies as to when
+he wanted to buy cocoa and include shipment details and tonnage
+desired, delegates said.
+    The manager would buy cocoa on a competitive basis, rather
+than choosing the cheapest cocoa as before, giving preference
+to ICCO member-country exporters. Standard price differentials
+would be fixed for each origin, similar to golf handicaps, to
+determine the relative competitiveness of offers of various
+cocoas from different origins, they said.
+    The differentials could be reviewed at the request of a
+member country or recommendation of the buffer stock manager,
+the delegates said. Revision would be decided by a majority
+vote of the ICCO council.
+    Buffer stock purchases from non-ICCO member countries would
+not be allowed to exceed 10 pct of the total buffer stock, they
+said.
+    The purchases would be limited to 5,000 tonnes of cocoa per
+day and 20,000 tonnes per week, and could be bought in nearby,
+intermediate and forward positions, they added.
+    One of the underlying ideas of the rules package is
+"transparency," meaning virtually all the buffer stock manager's
+market activities will be public and he will have as little
+discretion as possible, delegates said.
+    After the tin market collapse in 1985, when the
+International Tin Council buffer stock ran out of funds, cocoa
+delegates are anxious to install safeguards in the cocoa market
+mechanism, they said.
+     Earnest debate on the buffer stock proposal is expected to
+begin late tomorrow, as delegations feel the pressure of the
+approaching Friday deadline, when the ICCO meeting is due to
+adjourn, delegates said.
+    The ICCO failed to agree buffer stock rules in January when
+the new International Cocoa Agreement came into force. The
+existing buffer stock of 100,000 tonnes of cocoa was frozen in
+place with its bank balance of 250 mln dlrs -- both untouchable
+until rules are agreed.
+     Though the current semi-annual council meeting is not the
+last chance for delegates to cement buffer stock rules,
+producers are keen to get the wheels of the market-stabilizing
+mechanism turning to stem the decline in world prices,
+delegates said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14483" NEWID="8962">
+<DATE>24-MAR-1987 14:47:17.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2170&#31;reute
+r f BC-FINANCIAL-CORP-&lt;FIN>   03-24 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL CORP &lt;FIN> NOT HOLDING BUYOUT TALKS</TITLE>
+<DATELINE>    IRVINE, Calif., March 24 - </DATELINE><BODY>Financial Corp of America said
+it is not holding discussions with anyone regarding a buyout of
+the company.
+    But a spokeswoman pointed out that Financial Corp has said
+publicly for nearly two years that in the company's view a
+merger would be one method of increasing the company's capital.
+    "If an opportunity arises for us to strengthen our capital
+position quickly we would be very open to it," the spokeswoman
+said.
+    Financial Corp would need over one billion dlrs to bring
+its regulatory net worth up to Federal Savings and Loan
+Insurance Corp requirements, the spokeswoman said.
+    In addition, she said that the Federal Home Loan Bank
+Board, in a letter dated January 26, 1987, stated that through
+March 31, 1988 it will continue to support the company's
+efforts to restructure its balance sheet, maintain profitable
+operations and augment net worth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14484" NEWID="8963">
+<DATE>24-MAR-1987 14:58:18.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D><D>brazil</D><D>argentina</D><D>venezuela</D></PLACES>
+<PEOPLE><D>james-baker</D><D>petricioli</D></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2195&#31;reute
+u f BC-(pse-onpass-Baires)   03-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO SEES COMPROMISE ON IADB REFORMS</TITLE>
+<DATELINE>    MIAMI, March 24 - </DATELINE><BODY>There is a good chance that the United
+States and Latin America will agree reforms in the
+Inter-American Development Bank (IADB) as a result of talks
+yesterday with U.S. Treasury Secretary James Baker, Mexican
+Finance Minister Gustavo Petricioli said.
+    "This is a complex issue, but I am very optimistic on an
+agreement, he told reporters during the IADB's annual meeting
+here.
+    The U.S., which holds a 34.5 pct stake in the Bank, has
+proposed lowering the veto power to 35 pct, a move strongly
+opposed by Latin countries which together hold 54.2 pct.
+    Petricioli said he saw the basis for a compromise when the
+issue comes up again during the International Monetary Fund and
+World Bank interim meetings next month in Washington.
+    He said Baker had indicated receptivity to Latin America's
+position during talks yesterday with the so-called "A"
+countries - Brazil, Argentina and Mexico - who stand to suffer
+a net deficit of IADB funding unless the Bank votes a
+substantial capital increase.
+    Proposals are on the table for a seventh replenishment of
+funds totalling 20 billion dlrs for the period 1987-90, plus
+2.9 billion carried over from the sixth replenishment.
+    But Washington has previously said it would not agree to a
+nine billion dlr increase in its subscription unless reforms
+were agreed, a position described today by Nicaragua's Central
+Bank governor Joaquin Cuadra Chamorro as undemocratic.
+    Petricioli nevertheless said Baker showed "flexibility in
+being prepared to accommodate different proposals" and promised
+to look into alternatives.
+    He said an alternative now being looked at was for new
+procedures for delaying IADB loan approval, to satisfy U.S.
+concern that lending is currently too lax, rather than a change
+in the basic voting structure.
+    There would accordingly be a two-step procedure whereby it
+would need just a 35 pct vote to delay loan approval for a
+year, after which a second review would require a 40 pct
+blocking vote.
+    "Any change in the basic voting structure would require a
+change in the IADB's charter, and in turn a lengthy process of
+prior approval by the Congresses of each country," Petricioli
+said. In common with Venezuela, he expressed reservations on
+the conditions that might be placed as a result of Washington's
+proposals for increased IADB sectoral lending, but welcomed a
+bigger role for the Bank in U.S. debt strategy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14485" NEWID="8964">
+<DATE>24-MAR-1987 15:00:30.94</DATE>
+<TOPICS><D>earn</D><D>crude</D><D>gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM
+&#22;&#22;&#1;f2201&#31;reute
+r f BC-pdvsa-income-dropped   03-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PDVSA INCOME ON OIL SALES FELL 45 PCT IN 1986</TITLE>
+<DATELINE>     CARACAS, March 24 - </DATELINE><BODY>The state oil company Petroeleos de
+Venezuela ended 1986 with a decrease of 45 pct in income from
+oil sales even though it surpassed its own export goal by
+almost 100,000 barrels a day, Minister of Energy and Mines
+Arturo Hernandez Grisanti said.
+    Speaking to a news conference following the PDVSA annual
+assembly, Hernandez said PDVSA's income from oil sales had
+dropped to 7.2 billion dlrs in 1986, down 45 pct from last
+year's 13.3 billion.
+    Fiscal revenue from oil sales, which was estimated at 66
+billion bolivares for 1986, totalled 43.5 billion, a drop of 34
+pct which Hernandez said "had a very serious impact on
+Venezuela."
+    PDVSA's export volume averaged 1.508 mln barrels a day, of
+which 658,000 bpd were crude oil and 850,000 bpd refined
+products.
+    The figure surpassed PDVSA's stated goal of 1.410 mln bpd
+and the 1985 export volume of 1.371 mln bpd. But it was not
+enough to cover the losses from a drop in the average price
+from 25.88 dlrs per barrel in 1985 to 13.90 dlrs last year.
+    The 13.90 per barrel price for 1986 was 1.01 dlrs higher
+than the figure originally announced by the Central Bank.
+Hernandez said the increase had come from a new accounting
+system which included the results of PDVSA's overseas refining
+and marketing operations.
+    Consumption in Venezuela's internal market increased from
+323,000 bpd in 1985 to 342,000 bpd last year. However,
+Hernandez stressed that the government had managed to keep
+gasoline sales almost constant at 164,000 bpd.
+    Exploration by PDVSA led to an increase of 675 mln barrels
+in reserves of light and medium crudes, shifting the balance of
+Venezuela's reserves away from heavy crude oil. The country's
+production capacity at year-end 1986 was 2.562 mln bpd, of
+which 1.420 mln are light and medium crudes, Hernandez said.
+     Venezuela's total proven reserves as of December 31, 1986
+were 55.521 billion barrels, the fourth largest amount in the
+world, Hernandez said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14486" NEWID="8965">
+<DATE>24-MAR-1987 15:06:20.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2222&#31;reute
+d f BC-AMERICAN-NETWORK-INC   03-24 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN NETWORK INC &lt;ANWI> DEC 31 YEAR NET</TITLE>
+<DATELINE>    PORTLAND, Ore., March 24 -
+    </DATELINE><BODY>Shr profit 16 cts vs loss 1.40 dlrs
+    Net profit 3,000,000 vs loss 6,570,000
+    Revs 91.7 mln vs 66.9 mln
+    Avg shrs 19,078,072 vs 4,708,896
+    Note: Current year net includes nine mln dlr net gain from
+settlement of litigation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14487" NEWID="8966">
+<DATE>24-MAR-1987 15:07:05.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2226&#31;reute
+d f BC-TECHNIMED-CORP-SAID-C   03-24 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNIMED CORP SAID COMPANY CANCELLED CONTRACT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>&lt;Technimed Corp> said Garid Inc of
+Eden Praries, Minn., has cancelled its requirements contract
+wih Technimed for the supply of a dry chemistry device for the
+Med-Pen system.
+    Technimed has commenced arbitration proceeding against
+Garid to recover damages associated with the termination of
+contract. Technimed said further action maybe required to
+protect its proprietary technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14488" NEWID="8967">
+<DATE>24-MAR-1987 15:07:20.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2228&#31;reute
+r f BC-RECENT-PROPOSED-OFFER   03-24 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECENT PROPOSED OFFERINGS FILED WITH SEC</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>The following are proposed
+securities offerings filed recently with the Securities and
+Exchange Commission:
+    Outboard Marine Corp - Up to 200 mln dlrs of debt
+securities on terms to be set at the time of sale through an
+underwriting group that is expected to include Salomon Brothers
+Inc and Morgan Stanley and Co Inc.
+    Osborn Communications Corp - Initial offering of one mln
+shares of common stock and 30 mln dlrs of senior subordinated
+ten-year notes through a group led by E.F. Hutton and Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14489" NEWID="8968">
+<DATE>24-MAR-1987 15:07:38.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2230&#31;reute
+s f BC-SIGNET-BANKING-CORP-R   03-24 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIGNET BANKING CORP REGULAR DIVIDEND</TITLE>
+<DATELINE>    RICHMOND, Va, March 24 -
+    </DATELINE><BODY>Qtly div 31 cts vs 31 cts prior
+    Payable APril 22
+    Record April three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14490" NEWID="8969">
+<DATE>24-MAR-1987 15:07:57.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2232&#31;reute
+r f BC-MOTT'S-SUPER-MARKETS   03-24 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOTT'S SUPER MARKETS INC &lt;MSM> 4TH QTR JAN 3</TITLE>
+<DATELINE>    EAST HARTFORD, Conn, March 24 -
+    </DATELINE><BODY>Shr loss 15 cts vs loss 1.12 dlrs
+    Net loss 414,331 vs loss 3.1 mln
+    Revs 73.8 mln vs 69.1 mln
+    Year
+    Shr loss 99 cts vs loss 1.69 dlr
+    Net loss 2.7 mln vs loss 4.7 mln
+    Revs 276.9 mln vs 290.1 mnln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14491" NEWID="8970">
+<DATE>24-MAR-1987 15:08:54.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2234&#31;reute
+r f BC-ALEXANDER'S-&lt;ALX>-2ND   03-24 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALEXANDER'S &lt;ALX> 2ND QTR FEB 7</TITLE>
+<DATELINE>    NEW YORK, March 24 -     </DATELINE><BODY>Shr 57 cts vs 72 cts
+    Net 2.7 mln vs 3.3 mln
+    Six months
+    Shr 45 cts vs 84 cts
+    Net 2.1 mln vs 3.8 mln
+    NOTE:1987 six months includes 790,000 dlr charge. 1986 six
+months includes 679,000 net gain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14492" NEWID="8971">
+<DATE>24-MAR-1987 15:09:46.94</DATE>
+<TOPICS><D>earn</D><D>crude</D><D>pet-chem</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2239&#31;reute
+r f BC-imperial-oil-to-focus   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMPERIAL OIL &lt;IMO.A> TO FOCUS ON HIGHER PROFIT</TITLE>
+<DATELINE>    TORONTO, March 24 - </DATELINE><BODY>Imperial Oil Ltd, 70 pct owned by Exxon
+Corp &lt;XON>, will focus on maintaining its financial strength
+and improving near-term earnings performance through operating
+expense reductions and selective capital spending, the company
+said in the annual report.
+    Imperial Oil said it expects to spend about 750 mln dlrs on
+capital and exploration expenditures in 1987, compared to 648
+mln dlrs in 1986 and 1.16 billion dlrs in 1985.
+    Imperial previously reported 1986 operating net profit fell
+to 440 mln dlrs or 2.69 dlrs share from 694 mln dlrs or 4.27
+dlrs share in the prior year.
+    Imperial Oil said the attention to earnings results from
+the desire to pursue longer term growth opportunities should
+the investment climate improve and the belief that low or
+volatile crude oil prices could continue during the next
+several years.
+    The company also said actions initiated during 1986 to
+restructure and improve efficiency should continue to show
+benefits in 1987.
+    During 1986, the company cut operating, administrative and
+marketing expenses by 91 mln dlrs and reduced the number of
+workers by 16 pct to 12,500.
+    Imperial chairman Arden Haynes said in the annual report
+that it is too early to determine whether the recent upward
+movement in international oil prices will be sustained.
+    "It is still a time for prudence and caution, and the
+company's actions will continue to be based on the fundamentals
+of market supply and demand," he said.
+    Haynes said prospects for the company's petroleum products
+division are more promising than before, but are still
+uncertain. Imperial's 1986 petroleum earnings rose to 174 mln
+dlrs from 102 mln dlrs in 1985.
+    Haynes said more satisfactory product margins on its
+petroleum products could result if demand recovers as it has in
+the United States.
+    The company's chemicals business outlook is mixed, Haynes
+said. Prospects for growth in petrochemical sales is good as
+long as economic growth continues, but future large grain
+surpluses could dampen fertilizer demand and maintain pressure
+on prices.
+    Imperial's chemical business earned 17 mln dlrs in 1986,
+compared to three mln dlrs in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14493" NEWID="8972">
+<DATE>24-MAR-1987 15:10:23.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2242&#31;reute
+r f BC-NORTHEAST-UTILITIES-&lt;   03-24 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHEAST UTILITIES &lt;NU> YEAR</TITLE>
+<DATELINE>   HARTFORD, Conn, March 24 -
+    </DATELINE><BODY>Shr 2.78 dlrs vs 2.55 dlr
+    NEt 302.0 mln vs 271.6 mln
+    REvs 2.0 billion vs 2.1 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14494" NEWID="8973">
+<DATE>24-MAR-1987 15:11:18.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2246&#31;reute
+h f BC-LEECO-DIAGNOSTICS-&lt;LE   03-24 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEECO DIAGNOSTICS &lt;LECO> AWARDED FEDERAL GRANT</TITLE>
+<DATELINE>    SOUTHFIELD, Mich., March 24 - </DATELINE><BODY>Leeco Diagnostics Inc said
+the National Institutes of Health have awarded it a two-year,
+478,568 dlr federal grant to develop a new medical test kit to
+diagnose and monitor diabetes mellitus.
+    Leeco said the Institutes made the grant under their small
+business innovation research program.
+    The company said the research, beginning April 1, will
+focus on developing a more effective technique for detecting
+hemoglobin A1C in the blood. High levels of hemoglobin A1C can
+indicate uncontrolled diabetes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14495" NEWID="8974">
+<DATE>24-MAR-1987 15:11:31.33</DATE>
+<TOPICS><D>acq</D><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2247&#31;reute
+u f BC-CPC-&lt;CPC>-TO-SELL-EUR   03-24 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPC &lt;CPC> TO SELL EUROPEAN BUSINESS</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>CPC International Inc said it reached
+an agreement in principle to sell its European corn wet milling
+business to Agricola Finanziaria SpA, a member of the Ferruzzi
+Group, for a price in excess of 600 mln dlrs.
+    The transaction is expected to be completed by September
+30.
+    CPC said it expects no material gain or loss this year from
+the transaction. But the effect of the deal on 1987 earnings
+can be evaluated in full only when the definitive pacts are
+completed, it said.
+    The long-term effect of the transaction on CPC's earnings
+should be positive, it added, as it will allow capital
+expenditures to be cut back and will reduce corporate and
+divisional overheads as well as operating expenses in the
+European business.
+    The sale is an important part of a restructuring announced
+in November, CPC said.
+    Proceeds of the sale will be used to reduce debt incurred
+in the purchase of the Arnold Foods and Old London specialty
+baking businesses and the stock repurchase program that was 
+part of the restructuring.
+    As of December 31, CPC had bought about 15 mln of its
+common shares, adjusted for a 2-for-1 split in January, for a
+total cost of 621.8 mln dlrs, according to its 1986 annual
+report.
+    In December, CPC acquired Arnold Foods and Old London for a
+total of about 170 mln dlrs.
+    CPC had previously said it wanted to sell the European corn
+wet milling business and use the proceeds to help reduce debt,
+including that incurred under the share buyback.
+    In total, CPC has bought back about 16 mln shares of common
+stock, adjusted for the split, it said today. In November it
+authorized a buyback of 20 mln shares, adjusted for the split.
+    The buyback and the restructuring were triggered in
+November, after companies controlled by Ronald Perelman,
+chairman of Revlon Group Inc &lt;REV>, acquired about 7.6 pct of
+CPC's then outstanding stock.
+    In 1986, the European corn wet milling business had sales
+of 914.1 mln dlrs, operating income before overheads of 68.8
+mln dlrs and associated headquarters overhead costs of 19.7 mln
+dlrs, according to CPC's 1986 annual report.
+    The businesses' assets were 645.7 mln dlrs in 1986, the
+report said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14496" NEWID="8975">
+<DATE>24-MAR-1987 15:12:29.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2250&#31;reute
+r f BC-MOBEX-COMPLETES-GRANT   03-24 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBEX COMPLETES GRANT INDUSTRIES &lt;GTX> TENDER</TITLE>
+<DATELINE>    LOS ANGELES, March 24 - </DATELINE><BODY>Mobex Corp, a private building
+product concern, said as of late yesterday it had accepted
+about 2.3 mln shares or 98 pct of Grant Industries Inc under a
+tender offer.
+    The 7.75 dlrs a share cash offer expired at 2000 EST
+yesterday. Mobex said its Mobex Acquisition Corp unit accepted
+2,316,940 shares of Grant common, or about 98 pct of the
+2,369,799 shares presently outstanding, at the tender price.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14497" NEWID="8976">
+<DATE>24-MAR-1987 15:13:03.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2253&#31;reute
+u f BC-LEUCADIA-NATIONAL-COR   03-24 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEUCADIA NATIONAL CORP &lt;LUK> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 24 -
+    </DATELINE><BODY>Shr 3.28 dlrs vs 22 cts
+    Shr diluted 2.99 dlrs vs 22 cts
+    Net 46.0 mln vs 3,328,000
+    Avg shrs 14.0 mln vs 15.2 mln
+    Year
+    Shr 5.41 dlrs vs 1.56 dlrs
+    Shr diluted 4.94 dlrs vs 1.50 dlrs
+    Net 78.2 mln vs 25.9 mln
+    Avg shrs 14.5 mln vs 15.1 mln
+    NOTE: earnings per share reflect the two-for-one split
+effective January 6, 1987.
+    per share amounts are calculated after preferred stock
+dividends.
+    Loss continuing operations for the qtr 1986, includes gains
+of sale of investments in Enron Corp of 14 mln dlrs, and
+associated companies of 4,189,000, less writedowns of
+investments in National Intergroup Inc of 11.8 mln and BRAE
+Corp of 15.6 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14498" NEWID="8977">
+<DATE>24-MAR-1987 15:13:43.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2256&#31;reute
+r f BC-TELECOM-&lt;TELE>-COMPLE   03-24 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELECOM &lt;TELE> COMPLETES SALE</TITLE>
+<DATELINE>    BOCA RATON, Fla, March 24 - </DATELINE><BODY>Telecom Plus INternational Inc
+said it completed the sale of its 65 pct interest in Tel Plus
+Communications Inc to Siemens Information Systems INc for about
+173 mln dlrs.
+    Telecom received 107 mln dlrs at closing with the balance
+to be paid in installments. Siemen said it will dispute various
+matters in the financial statement issues and other matters, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14499" NEWID="8978">
+<DATE>24-MAR-1987 15:14:04.03</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D><D>haiti</D><D>czechoslovakia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2257&#31;reute
+d f BC-HAITI,-CZECHOSLOVAKIA   03-24 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAITI, CZECHOSLOVAKIA JOIN COCOA ORGANIZATION</TITLE>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>Haiti and Czechoslovakia have joined the
+International Cocoa Organization (ICCO), bringing membership in
+the United Nations charter body to 18 importing countries and
+17 exporters, ICCO officials said.
+    Haiti has provisionally applied to the ICCO as an exporting
+member, and accounts for 0.92 pct of world cocoa exports, they
+said. Czechoslovakia joined as an importer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14500" NEWID="8979">
+<DATE>24-MAR-1987 15:14:15.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2258&#31;reute
+b f BC-INTEGRATED-RESOURCES   03-24 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED RESOURCES INC &lt;IRE> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 24 -
+    </DATELINE><BODY>Oper primary shr 1.03 dlr vs 2.55 dlrs
+    Oper diluted shr 94 cts vs 1.76 dlrs
+    Oper net 15.2 mln vs 23.4 mln
+    Revs 272.0 mln vs 232 mln
+    Avg shrs primary 7,625,000 vs 5,534,000
+    Avg shrs diluted 12.3 mln vs 10.3 mln
+    Year
+    Oper shr 1.06 dlr vs 3.17 dlrs
+    Oper net 39 mln vs 56.1 mln
+    Revs 830.2 mln vs 657.9 mln
+    Avg shrs 7,490,000 vs 5,557,000
+    NOTE: 1986 oper net excludes 10.4 mln dlrs for discontinued
+operations.
+    1985 4th qtr excludes a loss of 4,570,000 dlrs and
+6,330,000 dlrs, respectively, for discontinued operations.
+    1986 oper net excludes a 10.5 mln dlr or 1.40 dlr per shr
+loss from early extinquishment of notes.
+    1986 and 1985 oper per share amounts are reported after
+paying 31.0 mln dlrs and 38.5 mln dlrs, respectively, for
+preferred stock dividends.
+    1986 and 1985 4th qtr per share amounts are reported after
+paying 7,292,000 dlrs and 9,333,000 dlrs, respectively, for
+preferred stock dividends.
+    1985's discontinued operations are restated.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14501" NEWID="8980">
+<DATE>24-MAR-1987 15:27:14.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2305&#31;reute
+u f BC-NEW-S.AFRICA-ACCORD-W   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW S.AFRICA ACCORD WITH BANKS BROUGHT COMPROMISE</TITLE>
+<AUTHOR>    By Marguerite Nugent, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 24 - </DATELINE><BODY>A new agreement covering the repayment
+of part of South Africa's foreign debt represents a compromise
+between that country and its commercial bank creditors
+following several weeks of intense and difficult negotiations,
+senior banking sources said.
+    In Pretoria, Reserve Bank Governor Gerhard De Kock termed
+the agreement a "good deal" for both South Africa and the banks.
+    But as one senior banker noted, "It is probably the best we
+could hope for. We (the banks) wanted more money and they (the
+South Africans) didn't want to pay."
+    The new agreement will extend for three years the
+standstill arrangement that has been in place since August 1985
+and which was due to expire on June 30.
+    Depending on the maturity of the various debts, banks will
+receive on July 15 repayments representing three pct of the
+arrears and the overdue debt covered by the standstill.
+    It also will require the repayment over the life of the
+standstill of another 10 pct of the overdue debt spread over
+six month invervals and depending on the maturity of the
+various debts for a total of slightly more than 1.4 billion
+dlrs.
+    Last year South Africa repaid about 500 mln dlrs out of the
+14 billion dlrs covered by the standstill. At the time, bankers
+had argued - unsuccessfully - for a larger repayment given the
+country's trade surplus of 2.5 billion dlrs.
+    Bankers had hoped that this time they could secure an even
+larger repayment of around one billion dlrs. Although there had
+been speculation that the standstill would be extended for
+three years, many did not believe that a long term pact would
+be acceptable to U.S. banks. Those banks have taken a hard line
+in the negotiations because of America's strong anti-apartheid
+policies.
+    The agreement reached today differs very little from the
+one reached a little over a year ago. However, it does include
+one moderation of an option contained in that pact which
+introduces yet another "catchphrase" into the jargon for
+reschedulings.
+    The new agreement contains an "exit vehicle" under which
+banks can convert their debt into 10 year loans. Under the
+previous agreement banks were only given options for three year
+loans.
+    While the option may be unpalatable to the U.S. banks, it
+could offer others a potential repayment of slightly more than
+half their investment over the next seven years.
+    To convert the debts, a bank would have to find a borrower
+looking for a loan with a 10-year maturity and then negotiate
+individually the interest rates to be charged.
+    The loans would not represent any new money and as the loan
+would be the obligation of the new borrower there would be a
+repayment stream that could give the bank as much as 52 pct of
+face value by year seven, one banker said.
+    Bankers suggested that depending on a banks' political and
+economic forecasts for South Africa, if it decided to take the
+option it may not have much difficulty finding such borrowers.
+They noted that South Africa's Public Investment Commission is
+an active borrower in this area of the market.
+    Today's agreement was reached between South Africa's chief
+debt negotiator Chris Stals, who chairs its Standstill
+Coordinating Commmittee and representatives of the 12 banks on
+the commercial bank technical committee.
+    The bankers said that telexes will be sent today to the
+country's other 330 bank creditors and that documentation
+covering the proposal will be mailed out shortly.
+    Because of the banks' sensitivity to South Africa's
+apartheid regime, the previous negotiations were conducted with
+Fritz Leutwiler, the former head of the Swiss National Bank,
+acting as mediator.
+    Leutwiler was not involved with these talks and has not
+involved himself in the negotiations since last year, the
+bankers said.
+    Last time, the banks sent their responses on the proposal
+to Leutwiler who in turn notified the South Africans. This time
+the procedure will be less structured and will be up to the
+individual banks as to how they wish to handle it.
+    Although talks had been held in recent weeks between the
+South Africans and the banks, the completion of the agreement
+on the repayments took many in the financial community by
+surprise.
+    A review of South Africa's economy by the technical
+committee's economic sub-committee was to be held in February
+while the talks for the rescheduling were due to start some
+time this month or next month.
+    However, the bankers said that because of all the publicity
+which surrounds South African debt negotiations, the meetings
+were kept secret.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14502" NEWID="8981">
+<DATE>24-MAR-1987 15:29:37.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2313&#31;reute
+r f BC-WEAN-UNITED-INC-&lt;WID>   03-24 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEAN UNITED INC &lt;WID> 4TH QTR</TITLE>
+<DATELINE>    PITTSBURGH, March 24 -
+    </DATELINE><BODY>Shr loss one dlr vs profit seven cts
+    Net loss 3.0 mln vs profit 349,000
+    Revs 35.6 mln vs 49.3 mln
+    Year
+    Shr loss 2.87 dlrs vs loss 2.71 dlrs
+    Net loss 8.4 mln vs loss 7.9 mln
+    Revs 140.3 mln vs 169.2 mln
+    NOTE:earnings reflect preferred dividend requirements, 1986
+year includes one-time gain of 1.2 mln dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14503" NEWID="8982">
+<DATE>24-MAR-1987 15:30:49.56</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2317&#31;reute
+r f AM-TRADE-LEGISLATION   03-24 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PANEL EASES SOVIET EXPORT CONTROLS</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>The U.S. House Foreign Affairs
+Committee voted to ease restrictions on exports that are now
+kept from shipment to Soviet-bloc countries but are no longer a
+threat to U.S. national security.
+    The Democratic-controlled committee said the
+administration's export control policies, which restrict
+shipment of thousands of products, contributed to last year's
+record 169 billion dlr U.S. trade deficit.
+    The committee said the legislation will cut government red
+tape and make it easier for U.S. companies to compete with
+foreign producers since many of the goods are readily available
+from other countries.
+    Rep. Don Bonker, chairman of the International Economic
+Policy subcommittee, said the unnecessary restrictions had cost
+the U.S. 17 billion dlrs in exports a year.
+    "This is Congress' number one opportunity to attack the
+trade deficit in a positive way by exporting more," the
+Washington Democrat said.
+    The legislation would order the Commerce Department to lift
+controls on 40 pct of goods on the restricted export list over
+the next three years unless other countries agree to comparable
+controls.
+    Most of these are of the least sophisticated type of
+technology such as medical instruments.
+    It would also give the Commerce Department primary
+authority to decide which exports will be permitted and limit
+the Defense Department to an advisory role in reviewing
+requests to export highly-sensitive technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14504" NEWID="8983">
+<DATE>24-MAR-1987 15:33:36.34</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2332&#31;reute
+f f BC-ussr-export-sale   03-24 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 200,000 TONNES CORN  SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14505" NEWID="8984">
+<DATE>24-MAR-1987 15:37:47.95</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2346&#31;reute
+f f BC-******BALDRIGE-SAYS-C   03-24 0018</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BALDRIGE SAYS CHANGES NEEDED IN EXCHANGE RATES OF CURRENCIES PEGGED TO DOLLAR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14506" NEWID="8985">
+<DATE>24-MAR-1987 15:38:33.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2353&#31;reute
+f f BC-******CHARTER-CO-4TH   03-24 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHARTER CO 4TH QTR NET PROFIT 118.8 MLN DLRS VS LOSS 13 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14507" NEWID="8986">
+<DATE>24-MAR-1987 15:39:41.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2354&#31;reute
+u f BC-ALEXANDER'S-&lt;ALX>-2ND   03-24 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALEXANDER'S &lt;ALX> 2ND QTR ENDS FEB 27 NET</TITLE>
+<DATELINE>    NEW YORK, March 24 -
+    </DATELINE><BODY>Shr 57 cts vs 72 cts
+    Shr diluted 57 cts vs 66 cts
+    Net 2,699,000 vs 3,250,000
+    Revs 190.8 mln vs 195.9 mln
+    Six mths
+    Shr 45 cts vs 84 cts
+    Shr diluted 45 cts vs 79 cts
+    Net 2,092,000 vs 3,784,000
+    Revs 304.2 mln vs 304.6 mln
+    NOTE: includes a change in accounting for investment tax
+credit of 1,408,000, or 31 cts per share, in six mths prior.
+    first qtr 1987 includes non-recurring charge of 1,488,000
+for company's abandoning of its plan to convert to a limited
+partnership.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14508" NEWID="8987">
+<DATE>24-MAR-1987 15:40:32.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2357&#31;reute
+r f BC-STANADYNE-&lt;STNA>,-UNI   03-24 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANADYNE &lt;STNA>, UNITED TECHNOLOGIES END TALKS</TITLE>
+<DATELINE>    WINDSOR, Conn, March 24 - </DATELINE><BODY>Stanadyne Inc said it terminated
+discussions about its proposed purchase of United Technologies
+Corp's Diesel Systems &lt;UTX> unit.
+    The reason was not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14509" NEWID="8988">
+<DATE>24-MAR-1987 15:42:02.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2361&#31;reute
+r f BC-UNOCAL-&lt;UCL>-UNIT-OFF   03-24 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOCAL &lt;UCL> UNIT OFFERS 450 MLN DLRS OF NOTES</TITLE>
+<DATELINE>    LOS ANGELES, March 24 - </DATELINE><BODY>Unocal Corp said its Union Oil Co
+of California unit is making a public offering of 450 mln dlrs
+of long-term notes.
+    It said the issues consist of 150 mln dlrs of non-callable
+notes due April 1, 1994, which are priced at par with a coupon
+rate of 8-1/2 pct and a 300 mln dlr issue of notes due April 1,
+1997, with a coupon rate of 8-3/4 pct and priced at 99.447 to
+yield 8.83 pct.
+    The 300 mln dlr issue is callable at par after seven years,
+the company said.
+    It also said the issues are being drawn from Unocal's shelf
+registration statement filed in December 1985.
+    Merrill Lynch Capital Markets and Shearson Lehman Brothers
+Inc are lead underwriters, Unocal said.
+    It said proceeds will be used to pre-pay a portion of its
+existing floating rate bank debt, thereby extending the
+maturity of the company's overall debt structure.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14510" NEWID="8989">
+<DATE>24-MAR-1987 15:46:15.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2363&#31;reute
+r f BC-ATT-&lt;T>-LAUNCHES-NEW   03-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> LAUNCHES NEW SOFTWARE PACKAGES</TITLE>
+<DATELINE>    PHILADELPHIA, March 24 - </DATELINE><BODY>American Telephone and Telegraph
+Co said it is introducing four new software packages for
+graphic designers and those who produce slides who need
+advanced but inexpensive software.
+    ATT said the new products are the first in its line of
+SoftVisions software and are designed for use with its
+Truevision videographics boards. It said those boards are
+adapted to let its PC 6300s series and compatible personal
+computers display television-quality video images.
+    Earlier today, ATT introduced a new minicomputer and other
+computer peripheral products.
+    Among the new software packages ATT is introducing are RIO,
+which it said cuts the time and cost involved in producing
+high-quality 35-millimeter slides with a mix of still video and
+computer-generated images. It costs 1,250 dlrs.
+    Another product, ImageMaster, lets PC users reproduce
+images created with any of ATT's Truevision boards, said ATT.
+That system also costs 1,250 dlrs.
+    The two other systems are TARGA CAD Driver, which sells for
+225 dlrs, and ImageStation, with a list price of 1,250 dlrs.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14511" NEWID="8990">
+<DATE>24-MAR-1987 15:47:30.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE><D>du-plessis</D><D>de-kock</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f2371&#31;reute
+r f BC-SOUTH-AFRICA,-CREDITO   03-24 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA, CREDITOR BANKS AGREE ON DEBT PLAN</TITLE>
+<DATELINE>    PRETORIA, March 24 - </DATELINE><BODY>South Africa will repay 13 pct of its
+frozen 13 billion dollar debt to foreign creditors over the
+next three years under an agreement reached today in London,
+Finance Minister Barend du Plessis said.
+    He said South Africa already had repaid five pct of the
+debt under the standstill agreement expiring on June 30, 1987.
+    "These arrangements confirm South Africa's continued
+willingness to maintain good relations with its foreign
+creditors and to meet its foreign commitments in a orderly way,"
+du Plessis told a news conference.
+    Du Plessis said the new interim debt agreement was
+"substantially a continuation" of the arrangement ending in June
+and calls for South Africa to continue paying all interest on
+its total foreign debt of over 23 billion dlrs.
+    Du Plessis said 34 banks holding more than 70 pct of the
+frozen debt agreed to the new arrangement worked out with South
+African negotiators in London. About 300 other creditor banks
+also are expected to approve the agreement, he said.
+    Reserve Bank governor Gerhard de Kock said the agreement
+was a "good deal" both for South Africa and the banks.
+    Speaking at the same news conference, de Kock said the
+three-year length of the agreement was of "enormous significance"
+to South Africa.
+    He said South Africa had negotiated from a "position of
+basic economic financial strength."
+    "We were never overborrowed to begin with and we are now
+underborrowed by all international criteria that I've ever
+heard of," de Kock said.
+    Du Plessis said available foreign reserves of the Reserve
+Bank, which increased by about 800 mln dlrs in the past two
+months, and a continued current account surplus "will be
+sufficient" to meet terms of the new interim debt agreement.    
+Du Plessis said the banks were showing much more confidence in
+the South African economy and country as a whole.
+    He attributed this to "restoration of law and order which
+has greatly reduced not only the extent of unrest but also the
+intensity of unrest."
+    South Africa has been under a state of emergency since June
+1986 because of black political violence that has claimed over
+2,400 lives in the past three years.
+    Du Plessis said no political demands were made by the banks
+and South Africa was now rapidly returning to very good
+relations with its foreign creditors.
+    He said there were encouraging signs that some foreign
+investors were again "taking a more realistic view" of South
+Africa. Recent examples were the rise in the financial rand and
+the sharp increase in foreign exchange reserves, he said.
+    Of the 13 billion dlrs frozen debt 3.5 billion was owed by
+public sector and 9.5 billion by private industry, du Plessis
+said. The remaining 10 billion consists of seven billion owed
+by government agencies and three billion by the private sector.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14512" NEWID="8991">
+<DATE>24-MAR-1987 15:49:06.93</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f2379&#31;reute
+r f BC-CITICORP-&lt;CCI>-RULES   03-24 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITICORP &lt;CCI> RULES OUT CREDIT CARD PRICE WAR</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>American Express Co's &lt;AXP> recent
+launch of a new "OPTIMA" credit card, with relatively low
+interest rates and fees, will increase competition with bank
+credit-card issuers but will not lead to a pricing war, a
+senior Citicorp offical said.
+    "Over the next two to three years, a very interesting
+marketing battle will be fought ... competition will not be on
+price but on product features," Pei-yuan Chia, head of the U.S.
+card products group, told a banking analysts meeting.
+    Citicorp is the leading U.S. bank credit-card issuer, with
+some 10 mln accounts and an 11 pct market share.
+    Chia said that Citicorp would focus its credit card
+marketing efforts on acceptance, noting that Visa and
+Mastercard currently enjoy a two-to-one advantage over American
+Express in terms of worldwide acceptance.
+    He also doubted the popularity of American Express' plan to
+link interest charges on the new OPTIMA card to the bank prime
+lending rate. "The consumer likes to have a fixed rate
+instrument," he said.
+    Richard Braddock, head of the whole individual banking
+division, added that when there is increased competition, "it
+is not the big people who get crunched but the small ones."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14513" NEWID="8992">
+<DATE>24-MAR-1987 15:49:33.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2380&#31;reute
+r f BC-NEW-PROCESS-CO-&lt;NOZ>   03-24 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW PROCESS CO &lt;NOZ> SETS QTLY PAYOUT</TITLE>
+<DATELINE>    WARREN, Pa., March 24 - </DATELINE><BODY>New Process Co said it declared a
+quarterly dividend of 12-1/2 cts, the regular dividend it pays
+during the first three quarters of the year.
+    The dividend is payable May 1 to shareholders of record
+April 10.
+    Last year, New Process paid an annual dividend of 1.18 dlrs
+by paying 12-1/2 cts a share in each of the first three
+quarters and a fourth quarter dividend of 80-1/2 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14514" NEWID="8993">
+<DATE>24-MAR-1987 15:49:45.12</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2381&#31;reute
+b f BC-ussr-export-sale   03-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA REPORTS CORN SWITCHED TO USSR</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>The U.S. Agriculture Department said
+private U.S. exporters reported 200,000 tonnes of corn
+previously to unknown destinations have been switched to the
+Soviet Union.
+    The corn is for delivery during the 1986/87 marketing year
+and under the fourth year of the U.S.-USSR Long Term Grain
+Supply Agreement.
+    The marketing year for began September 1.
+    Sales of corn to the USSR for delivery during the fourth
+year of the agreement -- which began October 1, 1986 -- now
+total 2,600,000  tonnes, it said.
+    In the third agreement year sales totaled 6,960,700 tonnes
+-- 152,600 tonnes of wheat and 6,808,100 tonnes of corn.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14515" NEWID="8994">
+<DATE>24-MAR-1987 15:52:25.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2385&#31;reute
+r f BC-CANADIAN-AIRLINE-IN-B   03-24 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN AIRLINE IN BUY FROM BRITISH AEROSPACE</TITLE>
+<DATELINE>    TORONTO, March 24 - </DATELINE><BODY>&lt;Pacific Western Airlines Corp>'s new
+Canadian Airlines International Ltd unit said it ordered six
+new Jetstream 31 airplanes and took options on six more from
+British Aerospace Inc, with delivery starting May 1.
+    Cost of the planes totaled about 30 mln Canadian dlrs, said
+a Canadian Airlines spokesman in reply to a query.
+    The airline said the 19-seat aircraft would be used by a 49
+pct-owned commuter airline being formed for service in Ontario.
+Canadian International, as earlier reported, was formed from
+the merger of Pacific Western's Pacific Western Airlines Ltd
+unit and Canadian Pacific Airlines Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14516" NEWID="8995">
+<DATE>24-MAR-1987 15:53:26.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2388&#31;reute
+r f BC-PETROLEUM-EQUIPMENT-T   03-24 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETROLEUM EQUIPMENT TOOLS CO &lt;PTCO> 4TH QTR</TITLE>
+<DATELINE>    HOUSTON, March 24 -
+    </DATELINE><BODY>Shr loss 57 cts vs loss 30 cts
+    Net loss 5.9 mln vs loss 3.2 mln
+    Revs 5.6 mln vs 16.3 mln
+    Year
+    Shr loss 2.11 dlrs vs loss 95 cts
+    Net loss 22.0 mln vs loss 9.9 mln
+    Revs 29.3 mln vs 66.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14517" NEWID="8996">
+<DATE>24-MAR-1987 15:53:47.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2389&#31;reute
+r f BC-SUNDOR-GROUP-BUYS-DWG   03-24 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNDOR GROUP BUYS DWG &lt;DWG> UNIT'S ASSETS</TITLE>
+<DATELINE>    DARIEN, Conn., March 24 - </DATELINE><BODY>&lt;Sundor Group Inc> said it
+purchased DWG Corp's Texun Inc's line of regional juice
+products.
+    The purchase terms were not disclosed, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14518" NEWID="8997">
+<DATE>24-MAR-1987 15:54:27.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2393&#31;reute
+r f BC-QUICK-AND-REILLY-GROU   03-24 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUICK AND REILLY GROUP &lt;BQR> 4TH QTR FEB 28</TITLE>
+<DATELINE>    NEW YORK, March 24 -
+    </DATELINE><BODY>Shr 72 cts vs 57 cts
+    Net 4.5 mln vs 3.6 mln
+    Revs 25.1 mln vs 21.9 mln
+    Year
+    Shr 2.47 dlrs vs 1.87 dlr
+    Net 15.6 mln vs 11.8 mln
+    Revs 89.1 mln vs 73.3 mln
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14519" NEWID="8998">
+<DATE>24-MAR-1987 15:55:18.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2396&#31;reute
+r f BC-HAYES-ALBION-&lt;HAY>-CO   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAYES-ALBION &lt;HAY> COMPLETES GOING PRIVATE DEAL</TITLE>
+<DATELINE>    DETROIT, March 24 - </DATELINE><BODY>Hayes-Albion Corp said its shareholders
+approved a plan to merge with and become a wholly onwed
+subsidiary of privately held Harvard Industries Inc.
+    St. Louis-based Harvard Industries, a manufacturer and
+distributor of automobile supplies, held 80 pct of Hayes
+following completion of a 13 dlrs a share cash tender offer in
+December.
+    Under the merger agreement, remaining shareholders of
+Hayes, a Jackson, Mich.-based maker of auto supplies, will
+receive 13 dlrs cash for their shares.
+    Trading in Hayes common will cease at the close of business
+today, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14520" NEWID="8999">
+<DATE>24-MAR-1987 15:55:25.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2397&#31;reute
+b f BC-/CHARTER-CO-&lt;QCHR>-4T   03-24 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARTER CO &lt;QCHR> 4TH QTR OPER LOSS</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., March 24 -
+    </DATELINE><BODY>Oper shr loss one ct vs loss four cts
+    Oper net loss 336,000 vs profit 2,631,000
+    Revs 237.2 mln vs 382.3 mln
+    Avg shrs 47.4 mln vs 16.5 mln
+    Year
+    Oper shr profit 21 cts vs profit 12 cts
+    Oper profit 9,922,000 vs profit 15.1 mln
+    Revs 1.1 billion vs 1.6 billion
+    Avg shrs 47.4 mln vs 16.5 mln
+    NOTE: 1986 4th qtr and year oper net excludes a gain of
+28.6 mln dlrs and 28.5 mln dlrs or 60 cts per share,
+respectively, for discontinued operations.
+    1986 4th qtr and year oper net excludes a gain of 90.5 mln
+dlrs or 1.91 dlr per share and 114.8 mln dlrs or 2.42 dlrs per
+share, respectively, mainly for settlement of dioxin-related
+claims in reorganization proceedings.
+    1985 4th qtr and year oper net excludes a loss of 41.2 mln
+dlrs or 2.51 dlrs per share and a loss of 36.3 mln dlrs or 2.21
+dlrs per share, respectively, for discontinued operations.
+    1985 4th qtr and year oper net excludes a gain of 25.6 mln
+dlrs or 1.56 dlr per share and 29.4 mln dlrs or 1.79 dlrs per
+share for settlement of claims and utilization of tax loss
+carryforward.
+    1985 year oper net also excludes a loss of seven mln dlrs
+for change in inventory evaluation method.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14521" NEWID="9000">
+<DATE>24-MAR-1987 15:57:27.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2404&#31;reute
+r f BC-S/P-MAY-DOWNGRADE-MAR   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY DOWNGRADE MARK IV INDUSTRIES &lt;IV> DEBT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Standard and Poor's Corp said it may
+downgrade Mark IV Industries Inc's 200 mln dlrs of B-minus
+subordinated debt.
+    S and P cited the firm's tender offer to acquire Conrac
+Corp &lt;CAX> for 152.5 mln dlrs. Conrac has no rated debt.
+    Although Mark IV has an overall favorable business
+standing, the acquisition would impair earnings and cash flow
+protection, S and P said.
+    S and P pointed out that debt leverage would rise to about
+90 pct, assuming total debt financing. It said it will review
+the company's management strategy and financial plans.
+             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-009.sgm b/textClassication/reuters21578/reut2-009.sgm
new file mode 100644
index 0000000..82b0132
--- /dev/null
+++ b/textClassication/reuters21578/reut2-009.sgm
@@ -0,0 +1,32837 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14522" NEWID="9001">
+<DATE>24-MAR-1987 15:59:17.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2412&#31;reute
+u f BC-ADVANCED-MAGNETICS-&lt;A   03-24 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED MAGNETICS &lt;ADMG> IN AGREEMENT</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 24 - </DATELINE><BODY>Advanced Magnetics Inc said it
+reached a four mln dlrs research and development agreement with
+ML TEchnolgy Ventures LP, a limited partnership sponsored by
+Merrill LYnch Capital Markets.
+    Under the agreement, Advanced Magnetics will develop and
+conducts clinical trials of its contrast agents for magnetic
+resonance imaging.
+    The agreement includes a warrant permitting MLTV to buy up
+to 380,000 shares of Advanced Magnetics common stock through
+February 1994 at 10.50 dlrs per sahre.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14523" NEWID="9002">
+<DATE>24-MAR-1987 15:59:39.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2414&#31;reute
+d f BC-HEALTH-RESEARCH-FILES   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH RESEARCH FILES FOR BANKRUPTCY</TITLE>
+<DATELINE>    MINNEAPOLIS, Minn., March 24 - </DATELINE><BODY>&lt;Health Research and
+Management Group> said it has filed for protection under
+Chapter 11 of the federal bankruptcy law.
+    The company said it filed the petitions to reorganize debt
+and eliminate contingent liabilities it incurred while
+attempting to expand nationally.
+    Health Research also said it owes about 750,000 dlrs of its
+1.1 mln dlrs in debt to &lt;MedPro Group Inc>, a former jont
+venture partner.
+    The company added it has asked the Minnesota Department of
+Commerce to suspend trading of its common stock pending
+dissemination of current financial information.
+    Also, the company said George Frisch has been elected
+chairman of the board, president and chief executive officer,
+replacing Daniel Zismer, who resigned as chairman of the board
+and  O. Frederick Kiel, who resigned as president and chief
+executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14524" NEWID="9003">
+<DATE>24-MAR-1987 16:00:01.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2415&#31;reute
+h f BC-NUMEREX-CORP-&lt;NMRX>-2   03-24 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUMEREX CORP &lt;NMRX> 2ND QTR JAN 31 LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 24 - 
+    </DATELINE><BODY>Shr loss seven cts vs profit five cts
+    Net loss 149,421 vs profit 103,120
+    Sales 1,698,345 vs 1,920,010
+    Six Mths
+    Shr loss five cts vs profit nine cts
+    Net loss 100,472 vs profit 191,614
+    Sales 3,836,794 vs 3,650,322
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14525" NEWID="9004">
+<DATE>24-MAR-1987 16:01:25.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2419&#31;reute
+f f BC-******U.S.-SELLING-12   03-24 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLING 12.8 BILLION DLRS OF 3 AND 6-MO BILLS MARCH 30 TO PAY DOWN 1.2 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14526" NEWID="9005">
+<DATE>24-MAR-1987 16:02:17.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2423&#31;reute
+f f BC-******U.S.-2-YEAR-NOT   03-24 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. 2-YEAR NOTE AVERAGE YIELD 6.43 PCT, STOP 6.44 PCT, AWARDED AT HIGH YIELD 85 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14527" NEWID="9006">
+<DATE>24-MAR-1987 16:03:55.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2426&#31;reute
+u f BC-COMMODORE-&lt;CBU>,-ATAR   03-24 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMODORE &lt;CBU>, ATARI IN SETTLEMENT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Commodore International Ltd said it
+settled and discontinued all pending litigation with Atari
+Corp.
+    The company issued a statement which said the case had been
+settled on terms satisfactory to both sides.
+    Company officials were not immediately available for
+comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14528" NEWID="9007">
+<DATE>24-MAR-1987 16:04:42.31</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D><D>japan</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2428&#31;reute
+b f BC-/BALDRIGE-SUPPORTS-NI   03-24 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE SUPPORTS NIC TALKS ON CURRENCIES</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+said he supported efforts to persuade newly-industrialized
+countries (NICS) to revalue currencies that are tied to the
+dollar in order to help the United States cut its massive trade
+deficit.
+    "We do need to do something with those currencies or we
+will be substituting Japanese products for Taiwanese products,"
+or those of other nations with currencies tied to the dollar,
+Baldrige told a House banking subcommittee.
+    The U.S. dollar has declined in value against the Yen and
+European currencies, but has changed very little against the
+currencies of some developing countries such as South Korea and
+Taiwan because they are linked to the value of the dollar.
+    As a result, efforts to reduce the value of the dollar over
+the past year and a half have done little to improve the trade
+deficits with those countries.
+    Baldrige told a House Banking subcommittee that the
+Treasury Department was attempting to persuade those countries
+to reach agreement with the United States on exchange rates.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14529" NEWID="9008">
+<DATE>24-MAR-1987 16:05:14.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2431&#31;reute
+u f BC-TRIANGLE-&lt;TRI>-BEGINS   03-24 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIANGLE &lt;TRI> BEGINS EXCHANGE OFFER</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Triangle Industries Inc said it began
+a previously announced offer to exchange one share of Triangle
+common stock for each share of participating preferred stock.
+    The offer will expire April 21.
+    Triangle said that sales in 1987 will exceed four billion
+dlrs.
+    For the year ended December 31, 1986, Triangle reported
+sales of 2.7 billion dlrs and net income of 47.6 mln dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14530" NEWID="9009">
+<DATE>24-MAR-1987 16:05:42.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2435&#31;reute
+r f BC-SOUTHMARK-&lt;SM>-UNIT-I   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHMARK &lt;SM> UNIT IN PUBLIC OFFERING OF STOCK</TITLE>
+<DATELINE>    DALLAS, March 24 - </DATELINE><BODY>Southmark Corp's National Heritage Inc
+said it has started the initial public offering of 2,000,000
+shares of common stock at 9.50 dlrs per share.
+    It said all shares are being traded though  NASDAQ under
+the symbol &lt;NHER>.
+    The lead underwriter for the offering is Drexel Burnham
+Lambert Inc, with Bear, Stearns and Co Inc., and E.F. Hutton
+and Co Inc acting as co-underwriters, the company said.
+    Proceeds will be used to augment working capital, complete
+scheduled renovations at some National Heritage leased
+facilities and repay certain debts to Southmark, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14531" NEWID="9010">
+<DATE>24-MAR-1987 16:06:25.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2438&#31;reute
+f f BC-******EASTMAN-KODAK-C   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EASTMAN KODAK CO TO SELL HOLDINGS IN ICN PHARMACEUTICALS AND VIRATEK INC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14532" NEWID="9011">
+<DATE>24-MAR-1987 16:07:44.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2442&#31;reute
+r f BC-FEUD-PERSISTS-AT-U.S.   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEUD PERSISTS AT U.S. HOUSE BUDGET COMMITTTEE</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>A feud among Democrats and
+Republicans persisted at the House Budget Committee, stalling
+the writing of a fiscal 1988 U.S. budget plan.
+    Republicans failed to appear at a drafting session called
+by Democratic committee chairman William Gray as a make-up
+meeting to end bickering that has delayed budget activity  for
+a week and threatens the ability of Congress meeting an April
+15 deadline for completing the deficit-cutting budget.
+    Republicans told Gray yesterday they would appear today and
+participate if the meeting was held behind closed doors.
+
+    He said the Republicans were prepared to make a "good faith"
+effort to cooperate if the budget deliberations were held
+behind closed doors and not in public as is the normal
+procedure.
+    However, they failed to appear today and Gray said he had
+been told they wanted House Speaker Jim Wright to answer a
+series of budget questions posed by House Republican leader Bob
+Michel before they would cooperate in budget matters.
+     The budget feuding led the Washington Post today to
+editorialize that it was childish, similar to an eraser fight
+among fourth grade students.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14533" NEWID="9012">
+<DATE>24-MAR-1987 16:07:51.39</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2443&#31;reute
+u f BC-TREASURY-BALANCES-AT   03-24 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED ROSE ON MARCH 23</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve rose on March 23 to 3.332 billion dlrs from 3.062
+billion dlrs on the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts fell to 15.513
+billion dlrs from 17.257 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 18.845
+billion dlrs on March 23 compared with 20.318 billion dlrs on
+March 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14534" NEWID="9013">
+<DATE>24-MAR-1987 16:08:11.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2444&#31;reute
+r f BC-FARM-CREDIT-SYSTEM-SE   03-24 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM CREDIT SYSTEM SEEN NEEDING 800 MLN DLRS AID</TITLE>
+<DATELINE>    WASHINGTON, MARCH 24 - </DATELINE><BODY>A member of the board which
+regulates the farm credit system said Congress should plan to
+provide at least 800 mln dlrs in fiscal 1988 to bailout the
+troubled system, but other members of the board differed.
+    Jim Billington, Farm Credit Administration (FCA) board
+member told a House Agriculture Appropriations subcommittee
+hearing "I feel your subcommittee should plan on providing at
+least 800 mln next year to assist the Farm Credit System."
+    However, FCA board member Marvin Duncan differed, saying
+"it is premature to talk about the cost of a solution until we
+know what kind of solution."
+    Chairman of the FCA board, Frank Naylor, said it might be
+possible to structure a rescue of the system with government
+guarantees or a line of credit which requires little or no
+upfront government money.
+    However, Billington said Congress must provide help
+immediately because "this system needs some assurance that it
+will get some help."
+    The FCA estimates the system could lose up to 1.4 billion
+dlrs in 1987, exhausting the remainder of its working capital,
+Naylor said.
+    The farm credit system is expected to present its own
+proposals for government aid to a Senate Agriculture
+subcommittee hearing on Thursday.
+    Naylor said the Treasury Department is continuing to refine
+Reagan administration ideas on how a rescue should be
+structured.
+    Congressional sources said they hope to begin drafting a
+rescue bill for the farm credit system as early as next week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14535" NEWID="9014">
+<DATE>24-MAR-1987 16:09:09.08</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2445&#31;reute
+u f BC-USX-&lt;X>-USS-UNIT-RAIS   03-24 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> USS UNIT RAISES PRICES</TITLE>
+<DATELINE>    LORAIN, Ohio, March 24 - </DATELINE><BODY>USX Corp's USS subsidiary said
+that effective with shipments beginning July 1 prices for all
+leaded grades and 1200-series grades of hot rolled bar and
+semi-finished products from its Lorain, Ohio, facility will be
+increased by 15 dlrs a ton over the prices in effect June 1.
+    It said the increase is being made to reflect current
+market conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14536" NEWID="9015">
+<DATE>24-MAR-1987 16:10:06.45</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2447&#31;reute
+d f BC-UNIONIST-URGES-RETALI   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIONIST URGES RETALIATION AGAINST JAPAN</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>William Bywater, president of the
+International Union of Electronic Workers, called on President
+Reagan to retaliate against Japan for unfair practices in
+semiconductor trade.
+    He said in a statement a crash program was needed in the
+semiconductor industry to prevent the United States from
+becoming "one of the world's industrial lightweights."
+    Bywater's remarks came as the White House Economic Policy
+Council prepared for a Thursday meeting to decide what
+sanctions if any should be taken against Japan for alleged 
+violations of a U.S.-Japanese semiconductors agreement.
+    The pact, agreed to last July, called for Tokyo to end
+selling semiconductors at below cost and to open its home
+market to U.S. goods. In return, Washington agreed to forego
+antidumping duties on Japanese semiconductors.
+    But U.S. officials have said that while Japan has stopped
+dumping in the U.S. market, it has not ended third country
+dumping; nor has it opened its market to U.S. semiconductors.
+    Japan yesterday, in an effort to ward off U.S. action,
+ordered a cutback in semiconductors production as a way to
+force prices up and end the dumping.
+    Bywater, in his statement, said he backed a Defense Science
+Board task force proposal to set up a consortium to develop new
+electronic products and manufacturing processes and make the
+U.S. industory more competitive.
+    But he added the industry could not wait for legislation to
+pass and that action was required now to help the depressed
+electronic industry.
+    Bywater said, "I urge the Reagan Administration to take full
+and severe action immediately against Japan by invoking the
+retaliatory steps that are permitted under U.S. law and GATT
+(General Agreement on Tariffs and Trade)."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14537" NEWID="9016">
+<DATE>24-MAR-1987 16:12:10.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2454&#31;reute
+u f BC-EXXON-(XON)-GETS-99.2   03-24 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON (XON) GETS 99.2 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Exxon Co USA of Houston has been
+awarded a 99.2 mln dlr contract for jet fuel, the Defense
+Logistics Agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14538" NEWID="9017">
+<DATE>24-MAR-1987 16:12:45.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2456&#31;reute
+u f BC-EATON-(ETN)-GETS-53.0   03-24 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EATON (ETN) GETS 53.0 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Eaton Corp's AIL Division has
+received a 53.0 mln dlr contract for jamming system work for
+the EA-6B electronic warfare aircraft, the Navy said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14539" NEWID="9018">
+<DATE>24-MAR-1987 16:12:53.77</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>zaire</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2457&#31;reute
+u f BC-ZAIRE-AUTHORIZED-TO-B   03-24 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAIRE AUTHORIZED TO BUY PL 480 RICE - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Zaire has been authorized to
+purchase about 30,000 tonnes of U.S. rice under an existing PL
+480 agreement, the U.S. Agriculture Department said.
+    It may buy the rice, valued at 5.5 mln dlrs, between March
+31 and August 31, 1987, and ship it from U.S. ports by
+September 30, the department said.
+    The purchase authorization covers the entire quantity of
+rice provided under the agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14540" NEWID="9019">
+<DATE>24-MAR-1987 16:13:26.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2459&#31;reute
+u f BC-MCDONNELL-DOUGLAS-GET   03-24 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL DOUGLAS GETS 30.6 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>McDonnell Douglas Corp (MD) has
+received a 30.6 mln dlr contract for work on development of the
+standoff land attack missile (SLAM), the Navy said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14541" NEWID="9020">
+<DATE>24-MAR-1987 16:15:17.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2463&#31;reute
+r f BC-MIDIVEST-ACQUIRES-ASS   03-24 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDIVEST ACQUIRES ASSETS OF BUSINESS AVIATION</TITLE>
+<DATELINE>    ROANOKE, Va., March 24 - </DATELINE><BODY>&lt;Midivest Inc> said it acquired
+all the assets of &lt;Business Aviation Inc> of Sioux Falls, S.D.,
+for an undisclosed amount of stock.
+    Midivest said it expects to sell 10 to 20 of the renovated
+Beechcraft planes next year. It said management will also lease
+these airborne intensive care units to hospitals and government
+subdivisions through Metropolitan Leasing, a wholly-owned
+subsidiary of Midivest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14542" NEWID="9021">
+<DATE>24-MAR-1987 16:15:59.31</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2464&#31;reute
+u f BC-U.S.-WHEAT-CREDITS-FO   03-24 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WHEAT CREDITS FOR JORDAN SWITCHED</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has switched 25.0 mln dlrs in wheat credit guarantees to
+Jordan under the Export Credit Guarantee Program to the
+Intermediate Export Credit Guarantee Program, the U.S.
+Agriculture Department said.
+    The switch reduces the total value of GSM-102 guarantees
+for the current fiscal year to 30.0 mln dlrs.
+    The credit terms extended for export sales under the
+Intermediate Export Credit Guarantee Program (GSM-103) must be
+in excess of three years but not more than seven years.
+    All sales must be registered and exports completed by
+September 30, 1987, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14543" NEWID="9022">
+<DATE>24-MAR-1987 16:17:44.35</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2474&#31;reute
+r f BC-DOLLAR-EXPECTED-TO-FA   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR EXPECTED TO FALL DESPITE INTERVENTION</TITLE>
+<AUTHOR>    By Claire Miller, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Central bank intervention in the
+foreign exchange markets succeeded in staunching the dollar's
+losses today, but senior dealers here believe the U.S. currency
+is headed for a further retreat.
+    Although the intervention was widespread, dealers perceive
+that the six major industrial nations have differing levels of
+commitment to their recent accord to stabilize currencies.
+    Moreover, hard economic realities hold greater sway over
+the currency market than central bank intervention and these
+argue for a further dollar decline, dealers said.
+    "The market can be bigger than the central banks. And
+economic fundamentals will always come to the fore," said a
+dealer at one major U.S. bank.
+    As the dollar dropped to post-World War II lows against the
+yen today foreign exchange traders said the Bank of Japan,
+Federal Reserve Board and Bank of England intervened in the
+markets on behalf of the U.S. currency.
+    Reports of the authorities' actions helped the dollar
+recover to about 149.45 yen in New York this afternoon from
+the post-war low of 148.20 yen in the Far East. But it still
+failed to regain Monday's U.S. closing level of 150.00/05 yen.
+    Tokyo dealers said the Bank of Japan bought one to 1.5
+billion dlrs in Tokyo today and may also have purchased dollars
+yesterday in the U.S. via the Federal Reserve.
+    Meanwhile, there were strong rumors in New York that the
+Fed also bought a modest amount of dollars around 148.50 yen
+today. Talk also circulated that the Bank of England purchased
+a small amount of dollars for yen.
+    The Fed's last confirmed intervention was on January 28
+when it bought 50 mln dlrs in coordination with the Bank of
+Japan. But on March 11 the Fed also was rumored to have
+signalled displeasure with a dollar surge above 1.87 marks.
+    The authorities' actions appeared to back up the February
+22 Paris pact between the U.S., Japan, West Germany, Britain,
+France and Canada under which the nations agreed to cooperate
+to foster exchange rate stability around prevailing levels.
+    But foreign exchange dealers were not overly impressed by
+the authorities' intervention which they said can only soften
+extreme moves in the market.
+    For one thing, some dealers believed that the Fed's
+purchases were done on behalf of the Bank of Japan rather than
+for the U.S. central bank's own account, suggesting a rather  
+watered-down American commitment to the currency accord.
+    The Bank of England's action also was thought to be
+completed on behalf of the Japanese central bank, reinforcing
+the market's view that Japan is the most resolute of the six
+nations in its support of the currency pact.
+    "No-one doubts the Bank of Japan is serious. But the other
+two central banks seem to be making more token gestures than
+anything else," said Chris Bourdain of BankAmerica Corp.
+    "I'm not convinced the intervention was concerted," said
+Earl Johnson of Harris Trust and Savings Bank in Chicago. 
+"It's a yen problem more than anything else."
+    Some dealers said a rising wave of trade protectionist
+sentiment in the U.S. limits the extent to which the American
+authorities can endorse a stronger dollar against the yen.
+    "The dollar's break below the key 150 yen level ties the
+Treasury's hands behind its back. The U.S. cannot intervene on
+its own account because of the strength of protectionism here,"
+said Albert Soria of Swiss Bank Corp.
+    Such comments reflect the view that the currency markets
+are becoming increasingly politicized. Despite official
+denials, some traders still feel the U.S. would countenance a
+lower dollar to help trim the nation's trade deficit.
+    The majority of the 170 billion dlr merchandise trade
+deficit in 1986 was with Japan.
+    Indeed U.S. Treasury secretary James Baker's comment on
+Sunday that the February currency pact had not established
+dollar targets was read by the market as a signal to sell the
+U.S. currency and kicked off the latest retreat.
+    "The dollar still has more room on the downside against the
+yen based on the frictions in trade and financial services. The
+currency market is becoming very political," said Natsuo Okada
+of Sumitomo Bank Ltd.
+    Okada expects the dollar to trade between 148 and 150 yen
+this week but sees the chance of a drop to 140 yen by the end
+of April or early May.
+    Even if West Germany and Japan succeed in stimulating their
+economies, it may not be enough to solve structural economic
+imbalances in the near future, dealers said.
+    "Even if Japan and West Germany do expand this year, it
+won't be enough to help the trade situation much," said
+Bourdain of BankAmerica, who also expects the dollar to drop to
+148 yen in the next couple of days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14544" NEWID="9023">
+<DATE>24-MAR-1987 16:17:58.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2475&#31;reute
+u f BC-/U.S.-TO-SELL-12.8-BI   03-24 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO SELL 12.8 BILLION DLRS IN BILLS</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>The U.S. Treasury said it will sell
+12.8 billion dlrs of three and six-month bills at its regular
+auction next week.
+    The March 30 sale, to be evenly divided between the three
+and six month issues, will result in a paydown of 1.2 billion
+dlrs as maturing bills total 13.99 billion dlrs.
+    The bills will be issued April 2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14545" NEWID="9024">
+<DATE>24-MAR-1987 16:22:32.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2482&#31;reute
+r f BC-INLAND-STEEL-&lt;IAD>-TO   03-24 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INLAND STEEL &lt;IAD> TO BUILD NEW PLANT IN INDIANA</TITLE>
+<DATELINE>    SOUTH BEND, Ind., March 24 - </DATELINE><BODY>Inland Steel Industries and
+Governor Robert Orr of Indiana said the new joint venture cold-
+rolled steel plant between Inland Steel and Nippon Steel Corp
+will be built on a site in St. Joseph County Indiana.
+    Inland Steel said yesterday that the joint venture, to be
+named I/N Tek, will cost more than 400 mln dlrs and will employ
+over 200 people by the time the companies complete the project
+in 1990.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14546" NEWID="9025">
+<DATE>24-MAR-1987 16:22:41.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2483&#31;reute
+b f BC-******EASTMAN-KODAK-C   03-24 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTMAN KODAK &lt;EK> TO SELL HOLDINGS</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 24 - </DATELINE><BODY>Eastman Kodak Co said it plans
+to sell its 2.3 pct holding in ICN Pharmaceuticals &lt;ICN> and
+part of its nine pct holdings in Viratek &lt;VIRA>.
+    It said the purpose of the investments had been to lay the
+groundwork for the creation of its Nucleic Acid Research
+Institute.
+    Since that has been achieved, there is no longer any reason
+to maintain the equity positions, Kodak said.
+    Kodak holds 470,000 sahres of ICN, currently trading at
+about 18-3/4 and 700,000 of Viratek, trading at 44.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14547" NEWID="9026">
+<DATE>24-MAR-1987 16:23:12.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>boesky</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2485&#31;reute
+u f BC-GUINNESS   03-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUINNESS SUES BOESKY IN FEDERAL COURT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>&lt;Guinness PLC> has joined investors
+suing former Wall Street speculator Ivan Boesky, alleging it
+was deceived into putting money into his one billion dlr
+investment partnership in 1986.
+    Guinness, the largest limited partner in Ivan F. Boeksy and
+Co. L.P., is the latest to file suit in federal court in
+Manhattan against Boesky, court papers show.
+    About 40 other investors have also filed suit over similar
+allegations, including that Boesky did not reveal his illegal
+insider trading activities.
+    Guinness is charging it was induced to join in the Boesky
+partnership through a prospectus that contained "material untrue
+statements and omissions."
+    The suit also alleged that the Boesky Corporation, which
+became a part in the formation of the investment partnership,
+Ivan F. Boesky and Co., L.P., "had achieved its extraordinary
+rates of return as a result of trading on inside information
+and other violations of the securities laws."
+    In addition, the suit charged that Boesky and other
+defendants unlawfully "schemed with and provided substantial
+assistance to one another to evade the registration provisions"
+of securities law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14548" NEWID="9027">
+<DATE>24-MAR-1987 16:23:23.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f2486&#31;reute
+r f BC-FIRM-REDUCES-SCEPTRE   03-24 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRM REDUCES SCEPTRE RESOURCES &lt;SRL> HOLDINGS</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Montreal-based Noverco Inc told the
+Securities and Exchange Commission it reduced its stake in
+Sceptre Resources Ltd to 1,232,200 shares or 4.8 pct of the
+total outstanding.
+    Noverco said it sold off 400,500 shares "to reduce the
+investment of Noverco in Sceptre."
+    "Additional common shares of Sceptre may be sold or
+purchased by Noverco, depending upon market conditions," Noverco
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14549" NEWID="9028">
+<DATE>24-MAR-1987 16:23:35.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2487&#31;reute
+b f BC-******GENCORP-BOARD-W   03-24 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP BOARD WITHDRAWS PROPOSALS TO STAGGER DIRECTORS TERMS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14550" NEWID="9029">
+<DATE>24-MAR-1987 16:26:21.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2496&#31;reute
+d f BC-&lt;ACKLANDS-LTD>-1ST-QT   03-24 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ACKLANDS LTD> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    TORONTO, March 24 -
+    </DATELINE><BODY>Shr three cts vs 11 cts
+    Net 126,000 vs 434,000
+    Revs 84.0 mln vs 80.2 mln
+    Avg shrs 4,948,731 vs 3,870,511
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14551" NEWID="9030">
+<DATE>24-MAR-1987 16:30:25.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2511&#31;reute
+d f BC-BULL-AND-BEAR-GROUP-A   03-24 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BULL AND BEAR GROUP A &lt;BNBGA> CUTS FUND PAYOUTS</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Bull and Bear Group A said it lowered
+its monthly dividends on three of its funds.
+    It said it lowered its Tax Free Income Fund &lt;BLTFX> to 10.3
+cts from 10.6 cts; its U.S. Government Guaranteed Securities
+Fund &lt;BBUSX> to 11.5 cts from 11.8 cts; and its High Yield Fund
+&lt;BULHX> to 14 cts from 14.2 cts.
+    All dividends are payable March 31 to shareholders of
+record March 25, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14552" NEWID="9031">
+<DATE>24-MAR-1987 16:30:42.93</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2513&#31;reute
+r f BC-CALTEX-TO-RAISE-BAHRA   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALTEX TO RAISE BAHRAIN OIL PRODUCT PRICES</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Caltex Petroleum Corp said it will
+raise
+posted prices for naphtha and several grades of residual fuel
+in Bahrain, effective March 25.
+     Caltex, a joint venture of Chevron Corp &lt;CHV> and Texaco
+INC &lt;TX>, said its naphtha posting is up four cts a gallon to
+43 cts. It said it is raising its marine diesel oil posting by
+30 cts a barrel to 20.24 dlrs a barrel.
+    Light, medium, and heavy fuel oil postings are up 1.50 dlrs
+a barrel, the company said. This will bring the light fuel oil
+price to 16.90 dlrs, medium to 15.50 dlrs, and heavy to 14.60
+dlrs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14553" NEWID="9032">
+<DATE>24-MAR-1987 16:31:01.12</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2515&#31;reute
+u f BC-CHARTER-CO-&lt;QCHR>-TO   03-24 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARTER CO &lt;QCHR> TO COMPLETE REORGANIZATION</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., March 24 - </DATELINE><BODY>Charter Co, the huge
+petrochemical concern in bankruptcy proceedings stemming from
+hundreds of dioxin-related claims, said it and all of its
+subsidiaries, except the Independent Petrochemical Corp, will
+complete their reorganization on March 31.
+    It said that on that date, it will deposit with an escrow
+agent 288.8 mln dlrs in cash, 66.7 mln dlrs in notes and 31 mln
+shares of its common for distribution.
+    Company officials were not immediately available for
+comment.
+    As previously reported, Charter settled dioxin-related
+claims for about 1,200 individuals and the state of Missouri,
+resolving claims against it and all subsidiaries except
+Independent Petrochemical.
+    Charter said some of the settlements remain subject to
+appeals and final court approvals and resolve claims against
+charter and its subsidiaries except Independent Petrochemical.
+    It said about 500 individual claims against it and certain
+of its units remain pending as disputed claims in bankruptcy
+court. It said about 300 of these claims have been filed since
+confirmation of the joint plan of reorganization.
+    Charter said its two creditors, an equity committee in its
+bankruptcy proceedings and &lt;American Financial Corp>, which
+will own 50.5 pct of its common after the reorganization, have
+waived the requirement that Charter resolve all dioxin-related
+claims against it prior to completing its reorganization.
+    That requirement excludes claims against Independent
+Petrochemical. Charter also said a plan for liquidation of
+Independent has been approved by the bankruptcy court and will
+be completed after March 31.
+    Earlier, Charter reported net income for the year of 153.2
+mln dlrs, which included a gain of 28.5 mln dlrs for
+discontinued operations and 114.8 mln dlrs for the settlement
+of claims in its reorganization proceedings.
+    In 1985, it reported earnings of 1,274,000 dlrs, which
+included a loss of 36.3 mln dlrs for discontinued operations
+and 29.4 mln dlrs for extraordinary items.
+    For the fourth quarter, it reported earnings of 118.8 mln
+dlrs, including a gain of 28.6 mln dlrs for discontinued
+operations and 90.5 mln dlrs mainly for claims settlements. In
+the year-ago period, Charter reported a loss of 13 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14554" NEWID="9033">
+<DATE>24-MAR-1987 16:32:07.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2518&#31;reute
+r f BC-NASHUA-&lt;NSH>-TO-PURCH   03-24 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASHUA &lt;NSH> TO PURCHASE PRIVATE DISC MAKER</TITLE>
+<DATELINE>    NASHUA, N.H., March 24 - </DATELINE><BODY>Nashua Corp said it signed a
+letter of intent to purchase &lt;Lin Data Corp>, a private
+manufacturer of high-capacity rigid discs for storage of
+computer data.
+    Under the terms of the letter, Nashua said it will acquire
+all classes of Lin stock for 24 mln dlrs. In addition, it said
+it will loan Lin 1,200,000 dlrs to support its operations.
+    The closing of the sale is set for the second quarter of
+1987, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14555" NEWID="9034">
+<DATE>24-MAR-1987 16:34:49.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2522&#31;reute
+r f BC-ALTRON-INC-&lt;ALRN>-4TH   03-24 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALTRON INC &lt;ALRN> 4TH QTR JAN 3</TITLE>
+<DATELINE>    WILMINGTON, Mass, March 24 -
+    </DATELINE><BODY>Shr loss 56 cts vs loss five cts
+    Net loss 1.9 mln vs loss 164,000
+    revs 6.9 mln vs 5.4 mln
+    Year
+    Shr loss 1.15 dlrs vs profit 52 cts
+    Net loss 3.8 mln vs profit 1.7 mln
+    Revs 25.6 mln vs 29.8 mln
+    NOTE: 1987 net loss includes loss 6.5 mln dlrs for
+nonrecurring reserve for closing costs of facility, writeoffs
+and sales of real estate.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14556" NEWID="9035">
+<DATE>24-MAR-1987 16:38:19.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2534&#31;reute
+r f BC-COLLINS-FOODS-&lt;CF>-MO   03-24 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLLINS FOODS &lt;CF> MOVES UP WARRANT CONVERSION</TITLE>
+<DATELINE>    LOS ANGELES, March 24 - </DATELINE><BODY>Collins Foods International Inc
+said it moved up the conversion date for its warrants to
+purchase common stock to April 24.
+    There are currently 2,160,000 warrants outstanding, the
+company said. It said each warrant entitles the holder to buy
+one Collins common share at 12.11 dlrs per share.
+    Collins also said the warrants were originally scheduled to
+expire on December 15, 1988.
+    But the agreement under which the warrants were issued
+permits the company to accelerate the date if the closing price
+of its common stock equals or exceeds 21.78 dlrs per share for
+10 consecutive trading days, the company said.
+    It also pointed out that the stock price closed at 22.75
+dlrs per share on March 23.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14557" NEWID="9036">
+<DATE>24-MAR-1987 16:38:34.38</DATE>
+<TOPICS><D>earn</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2535&#31;reute
+u f BC-GENCORP-&lt;GY>-PROPOSAL   03-24 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> PROPOSALS WITHDRAWN FROM MEETING</TITLE>
+<DATELINE>    AKRON, Ohio, March 24 - </DATELINE><BODY>GenCorp Inc said it withdrew from
+consideration at its annual meeting on March 31 proposals aimed
+at providing for a stock split and an increased dividend so
+that it could focus its energies on responding to the takeover
+offer made last week by a partnership of AFG Industries Inc
+&lt;AFG> and Wagner and Brown.
+    In addition to proposing an increase in the number of its
+outstanding common shares, GenCorp had suggested the adoption
+of a classified or "staggered" board and the elimination of
+cumulative voting.
+    GenCorp said these proposals could "distract energy and
+attention from the real task at hand -- to respond to the
+tender offer in a manner which is in the best interests of the
+company, its shareholders and its other constituencies."
+    GenCorp said the proposal to increase its outstanding
+shares was made with the aim of declaring a stock split and a
+dividend increase.
+    The other proposals, it said, would provide for greater
+long-term stability and cohesiveness for the GenCorp board.
+    The company did not indicate when it might resubmit the
+proposals for approval by its shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14558" NEWID="9037">
+<DATE>24-MAR-1987 16:39:39.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2540&#31;reute
+r f BC-WEEKLY-ELECTRIC-OUTPU   03-24 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEEKLY ELECTRIC OUTPUT UP 2.4 PCT FROM 1986</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>U.S. power companies generated a net
+47.47 billion kilowatt-hours of electrical energy in the week
+ended March 21, up 2.4 pct from 46.36 billion a year earlier,
+the Edison Electric Institute (EEI) said.
+    In its weekly report on electric output, the electric
+utility trade association said electric output in the week
+ended March 14 was 48.31 billion kilowatt-hours.
+    The EEI said power production in the 52 weeks ended March
+21 was 2,557.44 billion kilowatt hours, up 2.1 pct from the
+year-ago period.
+    Electric output so far this year was 602.26 billion
+kilowatt hours, up 2.2 pct from 589.51 billion last year, the
+EEI said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14559" NEWID="9038">
+<DATE>24-MAR-1987 16:40:00.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2541&#31;reute
+r f BC-MONOLITHIC-&lt;MMIC>-TO   03-24 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONOLITHIC &lt;MMIC> TO DROP GATE ARRAY LINE</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 24 - </DATELINE><BODY>Monolithic Memories Inc
+said it plans to discontinue marketing its gate array
+integrated circuit product line and focus efforts on the market
+for field-programmable products.
+    It said the current market dynamics will hinder
+profitability in the gate array market for some time.
+    Monolithic also said it does not expect the move to have a
+negative impact on earnings, adding, the company has estimated
+that the gate array products would have contributed only one
+pct of revenues in fiscal 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14560" NEWID="9039">
+<DATE>24-MAR-1987 16:40:32.83</DATE>
+<TOPICS><D>crude</D><D>gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2543&#31;reute
+u f BC-******API-SAYS-DISTIL   03-24 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>API SAYS DISTILLATE STOCKS OFF 4.07 MLN BBLS, GASOLINE OFF 2.69 MLN, CRUDE UP 8.53 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14561" NEWID="9040">
+<DATE>24-MAR-1987 16:41:16.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2547&#31;reute
+r f BC-VERMONT-FINANCIAL-SER   03-24 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERMONT FINANCIAL SERVICES &lt;VFSC> SETS PAYOUT</TITLE>
+<DATELINE>    BRATTLEBORO, Vermont, March 24 - </DATELINE><BODY>Vermont Financial Services
+Corp said its board approved a regular 20 cts per share cash
+dividend payable April 25 to shareholders of record March 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14562" NEWID="9041">
+<DATE>24-MAR-1987 16:41:51.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2551&#31;reute
+f f BC-******RESORTS-INTERNA   03-24 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RESORTS INTERNATIONAL GETS BUYOUT PROPOSAL FROM KSZ CO INC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14563" NEWID="9042">
+<DATE>24-MAR-1987 16:42:09.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2554&#31;reute
+d f BC-VR-BUSINESS-BROKERS-E   03-24 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VR BUSINESS BROKERS EXPANDS OPERATIONS</TITLE>
+<DATELINE>    BOSTON, March 24 - </DATELINE><BODY>&lt;VR Business Brokers> said it sold a
+master franchise license to one of the largest independent
+groups of management consultants in the Caribbean.
+    It said that under the master license the group will
+operate under the name VR Caribbean Inc and will cover
+countries of the Caribbean basin and Central America and Dade
+County, Fla.
+    Terms of the sale were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14564" NEWID="9043">
+<DATE>24-MAR-1987 16:42:29.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2556&#31;reute
+u f BC-CORRECTED---ATT-&lt;T>-F   03-24 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - ATT &lt;T> FORMS COMPUTER SALES GROUPS</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>American Telephone and Telegraph Co
+said it formed a 600-member sales force dedicated exclusively
+to its computers and other data systems products.
+    Separately, ATT denied reports that it plans to buy back a
+large chunk of its stock. ATT's stock is up 1/4 points at
+25-1/8 in heavy trading.
+    The company said it also created a separate 500-member team
+that will educate the computer sales force and its other sales
+groups on ATT's computer products. This group, ATT said,
+reports directly to Vittorio Cassoni, senior vice president of
+its computer unit. (Corrects sales support team size to 500)
+
+REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14565" NEWID="9044">
+<DATE>24-MAR-1987 16:44:02.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2558&#31;reute
+s f BC-GREAT-ATLANTIC-AND-PA   03-24 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT ATLANTIC AND PACIFIC TEA CO INC &lt;GAP> DIV</TITLE>
+<DATELINE>    NEW YORK, March 24 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Payable May one
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14566" NEWID="9045">
+<DATE>24-MAR-1987 16:44:47.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2559&#31;reute
+d f BC-GARTNER-GROUP-&lt;GART>   03-24 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GARTNER GROUP &lt;GART> ACQUIRES COMTEC PROGRAM</TITLE>
+<DATELINE>    STAMFORD, Conn., March 24 - </DATELINE><BODY>Gartner Group Inc said it
+acquired sole ownership of the COMTEC Market Research Program.
+    Gartner said its wholly-owned subsidiary purchased the
+interests of its former partners for an aggregate price of
+1,125,000 plus a percentage of net sales proceeds on future
+sales of certain products.
+    Prior to the acquisition, Gartner Group owned one-third in
+the COMTEC partnership, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14567" NEWID="9046">
+<DATE>24-MAR-1987 16:48:46.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2569&#31;reute
+r f BC-U.S.-CAR-SALES-DOWN-3   03-24 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CAR SALES DOWN 3.9 PCT IN MID-MARCH</TITLE>
+<DATELINE>    Detroit, March 24 - </DATELINE><BODY>Sales of U.S.-made cars during
+mid-March, the traditional start of the spring selling season,
+dropped 3.9 pct behind last year's level, analysts say.
+    Automakers sold about 204,000 cars in the March 11-20
+selling period, 10,000 fewer than last year. Analysts said the
+decline may auger poorly for the rest of the spring season.
+    Buyers shied away from the showrooms of American Motors
+Corp &lt;AMO>, the target of a 1.5 billion dlr takeover bid from
+Chrysler Corp &lt;C>. Analysts said consumers were anxious about
+the whether Chrysler will retain some American Motors models,
+causing a 62 pct drop in American Motors sales in mid-March.
+    Chrysler's mid-March sales fell 3.6 pct.
+    "During the spring selling season, you usually look for
+some kind of seasonal uplift in sales. It doesn't look like
+it's happening," said Joseph Philippi, analyst with E.F. Hutton
+and Co.
+    "There may be less bloom to the spring selling season this
+year than last," one auto company official conceded.
+    General Motors Corp &lt;GM>, still working to regain consumer
+interest in its cars, led the drop with a 14.8 pct decline.
+    Ford Motor Co's &lt;F> sales increased 15.2 pct for the
+period. But analysts said the rise compares to a 1986 period
+for Ford, leaving it down 10 pct in two years.
+    "The total industry (mid-March sales) was slightly less
+than expected," the company official said.
+    American Motors' decline caught analysts eye. "American
+Motors took it on the chin--big," said Philippi.
+    Given the prospective takeover by Chrysler, "people might
+be a little leary about going to (American Motors) dealers," he
+said.
+    American Motors sold 790 domestic cars in the period,
+meaning each of American Motors 1,050 dealers "is selling a car
+about every other day," Philippi said.
+    Potential American Motors buyers are afraid their car
+models "might disappear," he said.
+    Chrysler, in its purchase agreement with American Motors'
+majority stockholder &lt;Renault>, has agreed not to undercut
+sales of American Motors' new Medallion and Premier cars, made
+by Renault.
+    On a company by company basis, sales of U.S. made cars from
+the March 11 to 20 period were--GM 105,438, down 14.8 pct, Ford
+67,672, up 15.2 pct, Chrysler 30,909, down 3.6 pct, American
+Motors 790, down 6.2 pct, American Honda 7,447 compared with
+5,031, Nissan Motor Corp, 3,358, up 10.7 pct, Volkswagon U.S.
+Inc 1,330, down 35 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14568" NEWID="9047">
+<DATE>24-MAR-1987 16:54:19.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2583&#31;reute
+u f BC-RESORTS-INT'L-&lt;RT.A>   03-24 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESORTS INT'L &lt;RT.A> RECEIVES TAKEOVER OFFER</TITLE>
+<DATELINE>    ATLANTIC CITY, N.J., March 24 - </DATELINE><BODY>Resorts International Inc
+said it received a proposal from &lt;KSZ Co Inc> under which
+holders of Resorts class B stock would receive 140 dlrs a share
+in cash and one share of common stock in a new company to be
+formed through the takeover.
+    Under the offer, Resorts said holders of its class A shares
+would receive 15 dlrs a share in cash and three shares of
+common stock in the new company.
+    Resorts said the offer from KSZ calls for a merger of
+Resorts with RI Acquisition Co Inc, a newly formed Delaware
+corporation.
+    Resorts said that prior to the merger, RI Acquisition would
+be capitalized with about 100 mln dlrs of debt and about 220
+mln dlrs of equity.
+    It said 200 mln dlrs of the equity would be in the form of
+special preferred stock.
+    The KSZ offer, Resorts said, indicates that KSZ has a
+commitment from &lt;M. Davies Cos> to buy all of the special
+preferred stock.
+    Resorts said the offer will expire at 1700 EST on March 27.
+It said it asked its investment advisor, Bear, Stearns and Co,
+to advise its board on the offer.
+    Earlier this month, the estate of James M. Crosby and
+certian members of his family agreed to sell their class B
+shares to New York real estate tycoon Donald Trump for 135 dlrs
+a share. The estate and family members hold 78 pct of the
+752,297 class B shares outstanding.
+    Trump also agreed to pay 135 dlrs a share for the remaining
+class B shares outstanding.
+    Resorts also has about 5,680,000 shares of outstanding
+class A stock. These shares carry one one-hundredth the voting
+power of the class B shares.
+    Trump's offer beat out a rival bid of 135 dlrs a share made
+by Pratt Hotel Corp &lt;PRAT>.
+    Resorts said that under the proposal made by KSZ, existing
+class A and class B shareholders would control about 96 pct of
+the outstanding common of the new company formed to acquire
+Resorts.
+    Resorts said the new company, upon completion of the
+merger, would hold the 220 mln dlrs of debt and that the
+special preferred stock would immediately be converted into
+exchangeable participating preferred of the new company.
+    This preferred, Resorts said, would pay a dividend based on
+the net cash flows from the new company's Paradise Island
+operations.
+    A Resorts spokesman said the KSZ offer was made in a
+two-page letter and that Resorts could not comment on it
+because it did not contain enough information. Resorts has
+asked Bear, Sterns to obtain complete data, he said.
+    The spokesman said Resorts is not familiar with KSZ but
+that it believes the company is controlled by Marvin Davis, the
+Denver oilman.
+    Calls to Davis were referred to Lee Solters, who handles
+public relations for Davis. Solters, said to be travelling, was
+not immediately available for comment.
+    Donald Trump was also unavailable for comment, as was a
+spokesman for the Crosby estate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14569" NEWID="9048">
+<DATE>24-MAR-1987 16:56:59.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f2588&#31;reute
+r f BC-CITICORP-&lt;CCI>-SEES-D   03-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITICORP &lt;CCI> SEES DOUBLING IN RETAIL BANK NET</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Citicorp expects net income in its
+individual banking sector to top one billion dlrs by 1993,
+compared with 462 mln dlrs in 1986, said Richard Braddock, head
+of Citicorp's individual banking division.
+    "We can double our earnings over the next five to seven
+years," he told a banking analysts meeting, adding that this
+forecast may be on the conservative side.
+    He said that bank card operations and the New York branch
+system would continue to turn in hefty profits but also picked
+out other developing areas, such as U.S. mortgage and
+international consumer, as major potential earners.
+    Braddock and his sector heads made the following more
+specific predictions:
+    - Cost of funds and net credit loss levels in the U.S.
+bankcard unit will taper off in coming years from 1986's
+relatively inflated levels.
+    - Customer net revenue in the mortgage banking area will
+rise to 464.7 mln dlrs in 1987 from 374.3 mln in 1986.
+    - The international consumer business will show 22 pct
+compound annual growth in earnings between 1986 and 1992.
+    - Private banking earnings will hit 100 mln dlrs in 1987
+and top 200 mln dlrs in 1992.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14570" NEWID="9049">
+<DATE>24-MAR-1987 16:58:33.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2593&#31;reute
+d f BC-WD-40-CO-&lt;WDFC>-2ND-Q   03-24 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WD-40 CO &lt;WDFC> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    SAN DIEGO, Calif., March 24 -
+    </DATELINE><BODY>Shr 35 cts vs 40 cts
+    Net 2,642,000 vs 3,017,000
+    Sales 19.1 mln vs 18.9 mln
+    Six Mths
+    Shr 69 cts vs 70 cts
+    Net 5,178,000 vs 5,299,000
+    Sales 35.6 mln vs 33.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14571" NEWID="9050">
+<DATE>24-MAR-1987 16:59:02.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2594&#31;reute
+u f BC-NASD-TO-BEGIN-SEARCH   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASD TO BEGIN SEARCH FOR NEW PRESIDENT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>The National Association of Securities
+Dealers, which will launch a search for a new president later
+this week, will probably concentrate on candidates with an
+extensive background in the financial markets, officials of the
+organization said today.
+    Gordon Macklin, 58, who has served as president for 17
+years, today announced his decision to leave the organization
+of 6,658 broker-dealers. Macklin will join Hambrecht and Quist
+as chairman and co-chief executive officer.
+    Association chairman Joseph Hardiman will appoint a search
+committee later this week.
+    The committee will have its first meeting as early as next
+week. The new president is expected to be someone knowledgable
+about the over-the-counter markets and committed to the concept
+of self-regulation.
+    Macklin joined the association as president in 1970,
+leaving a position at McDonald and Co.
+    The National Association of Securities Dealers Automated
+Quotations System, which currently lists 5200 securities of
+4400 companies, was ushered in 10 months after Macklin's
+arrival.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14572" NEWID="9051">
+<DATE>24-MAR-1987 17:00:51.46</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2599&#31;reute
+d f AM-BRAZIL-COMPUTER   03-24 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL COMPUTER MARKET TO REMAIN CLOSED-MINISTER</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 24 - </DATELINE><BODY>Brazilian Science and Technology
+Minister Renato Archer said Brazil will keep its computer
+market closed to foreign goods in order to give its own infant
+industry time to develop.
+    "Every country establishes laws to protect its interests.
+The United States closed their borders at a certain stage to
+some foreign goods and therefore protected its industrial
+development. Now it is time for Brazil to do likewise," Archer
+said at the opening of a national software conference.
+    After several meetings, Brazil and the U.S. Have made no
+major progress in their computer row, which they have been
+trying to resolve for the past 18 months.
+    The Reagan administration has objected to Brazil protecting
+its computer industry from imports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14573" NEWID="9052">
+<DATE>24-MAR-1987 17:02:09.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2603&#31;reute
+d f BC-METALBANC-IN-OFFERING   03-24 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METALBANC IN OFFERING</TITLE>
+<DATELINE>    MIAMI, March 24 - </DATELINE><BODY>Metalbanc Corp said signed a letter of
+intent for a proposed public offering of one mln units,
+consisting of four shares of common stock and stock purchase
+warrants for two additional shares.
+    The units are expected to be sold at between five dlrs and
+6.50 dlrs per unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14574" NEWID="9053">
+<DATE>24-MAR-1987 17:03:05.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2608&#31;reute
+d f BC-NORTHERN-INDIANA-PUBL   03-24 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN INDIANA PUBLIC SVC &lt;NI> AGAIN OMITS DIV</TITLE>
+<DATELINE>    HAMMIND, Ind., March 24 - </DATELINE><BODY>Northern Indiana Public Service
+Company said it again omitted its quarterly common stock
+dividend which would have been payable in May.
+    NIPSCO said it has not paid a qtly dividend since December
+1985 following an adverse decision by the Indiana Supreme Court
+denying amortization of about 191 mln dlrs NIPSCO invested in
+its Bailly N-1 project.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14575" NEWID="9054">
+<DATE>24-MAR-1987 17:03:18.88</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2610&#31;reute
+f f BC-******FED'S-JOHNSON-S   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS DOLLAR STABILIZED AFTER FED TOOK APPROPRIATE ACTION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14576" NEWID="9055">
+<DATE>24-MAR-1987 17:05:30.74</DATE>
+<TOPICS><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2612&#31;reute
+r f BC-FED-CHAIRMAN-VOLCKER   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED CHAIRMAN VOLCKER SAYS BANK PROPOSALS A WORRY</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>The chairman of the Federal Reserve
+Board, Paul Volcker, has written to the chairman of the House
+Banking Committee to raise concerns about legislative proposals
+scheduled for consideration Wednesday.
+    Volcker told committee chairman Fernand St. Germain a
+proposal to deny primary dealer status to firms from countries
+that do not grant U.S. firms equal access to their government
+debt markets might invite retaliation against U.S. firms
+abroad.
+    He added, "even Japan, against whom this proposal seems to
+be particularly directed," has started opening its markets.
+    In his letter, made available at the Treasury, Volcker also
+said a proposal to ease debt problems of developing countries
+by setting up a public facility to buy their debts owed to
+commercial banks, was a problem.
+    "I believe that the prospect of debt relief would undermine
+the difficult internal efforts of the borrowing countries to
+achieve the structural reform that is needed regardless of the
+policies that are followed on servicing external debt," Volcker
+said.
+    It might also cause private lenders to become reluctant to
+extend more credit to the borrowing countries, he said.
+    Volcker said he endorsed comments by Treasury Secretary
+James Baker "about the inappropriateness of using public
+resources for purchasing private commercial bank debt, which we
+both see as an inherent aspect of the proposed international
+debt facility."
+    He also said a proposal for establishing formal procedures
+for international negotiations on currency exchange rates "is
+unrealistic and could well have damaging effects."
+    "For example, the bill's directive to intitiate negotiations
+in order to achieve a competitive exchange rate for the dollar
+-- a matter upon which there can be considerable difference
+among analysts -- runs the risk of building up potentially
+destabilizing market expectations," Volcker said.
+    He recommended "we should not lock ourselves into formalized
+procedures for international negotiations" on exchange rates but
+instead use other, more flexible means like the recent mmeting
+in Paris between U.S. treasury and central bank representatives
+and those of major trade allies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14577" NEWID="9056">
+<DATE>24-MAR-1987 17:08:30.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2615&#31;reute
+s f BC-BORMAN'S-INC-&lt;BRF>-DE   03-24 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORMAN'S INC &lt;BRF> DECLARES QTLY DIVIDEND</TITLE>
+<DATELINE>    DETROIT, Mich., March 24 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay June 15
+    Record May 18
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14578" NEWID="9057">
+<DATE>24-MAR-1987 17:08:39.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2616&#31;reute
+r f BC-INTERLEUKIN-2-&lt;ILTO>   03-24 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERLEUKIN-2 &lt;ILTO> DETAILS WARRANT CONVERSION</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Interleukin-2 Inc said the
+registration of warrants became effective March 20 and that 3.5
+mln warrants will be convertible into 1.75 mln shares of the
+company's common stock, giving the company a maximum of 2.4 mln
+dlrs.
+    The warrants must be exercised by June 22.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14579" NEWID="9058">
+<DATE>24-MAR-1987 17:10:19.66</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2618&#31;reute
+u f BC-/U.S.-CORN-ACREAGE-SE   03-24 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORN ACREAGE SEEN NEAR RECORD LOW</TITLE>
+<AUTHOR>    by Maggie McNeil, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>U.S. corn acreage this year is 
+likely to drop to the lowest level since the unsurpassed
+acreage reductions of the 1983 PIK year and could rank as one
+of the lowest corn plantings in the United States in sixty
+years, Agriculture Department officials said.
+    USDA releases its official plantings report on March 31.
+Agriculture Department analysts said next week's figures will
+likely show a sharp drop in acreage to as low as 65 mln acres,
+down 22 pct from last year's plantings of 83.3 mln acres.
+    Assuming an 18 mln acre drop in plantings, U.S. corn
+production will also decrease significantly. Analysts said 1987
+corn production could drop by over one billion bushels to
+around seven billion bushels.
+    Expected signup of up to 90 pct in the 1987 feed grains
+program, along with 1.9 mln acres enrolled in the conservation
+program, will cause acreage to plummet, Department feedgrain
+analysts said.
+    "There's no question that there will be a sharp decrease in
+corn acreage," one said. "It's difficult for any farmer to not
+go along with the program this year."
+    Soybean acreage is also expected to decline this year but
+at a much slower rate of around four pct, USDA analysts said.
+    Soybean plantings could drop to 59 mln acres or below, they
+said, compared to last year's level of 61.5 mln acres.
+    If analysts' unofficial estimates prove correct then the
+drop in u.s. corn acreage will be the largest since 1983 when
+farmers idled 22 mln acres in the Payment-In-Kind program.
+    Farmers planted only around 60 mln acres of corn in 1983. A
+severe drought that summer in major producing states caused
+yields to tumble and final crop production to total only 4.2
+billion bushels.
+    Given normal weather conditions this year, USDA analysts
+said the 1987 corn crop could end up around seven billion
+bushels, down from last year's crop of 8.3 billion bushels.
+    "This kind of acreage reduction will mean a significant
+reduction in production," an analyst said.
+    A crop of seven billion bushels is close to the annual U.S.
+corn usage, so surplus stocks, while not decreasing, would not
+increase significantly, a specialist said.
+    High producing corn belt states are expected to show the
+greatest acreage reductions, based upon historical
+participation in government programs, analysts said.
+    In contrast, soybean acreage is likely to be cut the most
+in marginal producing areas of the southeast and the western
+corn belt, a USDA soybean analyst said.
+    "Soybean acreage in the eastern corn belt will not budge,"
+he said. Neither does he expect any significant acreage cuts in
+higher-producing delta areas.
+    Soybean production could drop fractionally from last year's
+2.0 billion bushels to 1.8 to 1.9 billion, he said.
+    U.S. soybean acreage, after soaring to 71.4 mln acres in
+1979 from only 52 mln acres five years prior to that, has
+steadily declined in the 1980's.
+    U.S. corn acreage, with the exception of 1983, has been in
+the low to mid 80-mln acre range for the past 10 years. The
+highest corn plantings reported in the 60 years that USDA has
+kept such records was in 1932 when farmers planted 113 mln
+acres and obtained average yields of 26.5 bushels per acre.
+    Last year U.S. farmers obtained record corn yields
+averaging 119.3 bushels per acre.
+    "We have absolutely no trouble producing an eight billion
+bushel crop on only 80 mln acres or so," an analyst said.
+    Corn acreage will probably level at around 65 mln acres as
+long as government program provisions remain the same, analysts
+said.
+    Currently farmers enrolling in the program are required to
+set aside 20 pct of their base acreage and then are eligible
+for payments of two dlrs per bushel by idling an additional 15
+pct of their acreage.
+    "To get to the PIK level of 60 mln acres, we would have to
+provide more incentives," an analyst said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14580" NEWID="9059">
+<DATE>24-MAR-1987 17:10:32.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2620&#31;reute
+r f BC-KIRSCHNER-&lt;KMDC>-COMP   03-24 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIRSCHNER &lt;KMDC> COMPLETES PURCHASE</TITLE>
+<DATELINE>    TIMONIUM, Md., March 24 - </DATELINE><BODY>Kirschner Medical corp said it
+completed the acquisition of Minnesota Mining and
+Manufacturing's &lt;MMM> orthopedic metal implant line division.
+    The acquisition price is 12.0 mln dlrs in cash, a six mln
+dlr three year note and 100,000 shares of Kirschner common
+stock.
+    The division had sales of 11.3 mln dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14581" NEWID="9060">
+<DATE>24-MAR-1987 17:10:45.15</DATE>
+<TOPICS><D>trade</D><D>hog</D><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f2621&#31;reute
+r f BC-U.S.-SENATORS-SEEK-TO   03-24 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATORS SEEK TO EXPAND USDA EXPORT BONUS</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Leading U.S. farm state senators are
+seeking to insert into the Senate's omnibus trade bill a
+provision that would broaden eligibility requirements under the
+U.S. Agriculture Department's export enhancement program, EEP,
+to include traditional buyers of U.S. farm products, including
+the Soviet Union, Senate staff said.
+    Under existing criteria, USDA can offer EEP subsidies to
+recoup export markets lost to competing nations' unfair trading
+practices.
+    Senate Agriculture Committee Chairman Patrick Leahy (D-Vt.)
+is leading a group of farm state senators in an effort to
+broaden the criteria in such a way as to enable Moscow to be
+eligible for the subsidies, sources said.
+    The senators -- including Senate Finance Committee Chairman
+Lloyd Bentsen (D-Tex.), Max Baucus (D-Mont.), David Pryor
+(D-Ark.), John Melcher (D-Mont.) and Thad Cochran (R-Miss.) --
+also may fold into the trade bill a measure to shield pork
+producers and processors from Canadian imports.
+    The measure, sponsored by Sen. Charles Grassley (R-Iowa),
+would clarify the definition of "industry" in determining whether
+or not imports were causing injury to U.S. producers.
+    Grassley's bill stems from a 1985 decision by the
+International Trade Commission that imports from Canada of live
+swine -- but not fresh, chilled and frozen pork -- were harming
+U.S. producers.
+    The bill's proponents have argued Canada has simply
+replaced shipments of live hogs with fresh pork.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14582" NEWID="9061">
+<DATE>24-MAR-1987 17:11:15.09</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2623&#31;reute
+b f BC-/FED'S-JOHNSON-SAYS-F   03-24 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S JOHNSON SAYS FED ACTED TO STABILIZE DOLLAR</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Federal Reserve Board Vice Chairman
+Manuel Johnson said the dollar has stabilized against other
+currencies after action taken by the Fed.
+    "We have taken the appropriate action and the dollar has
+stabilized," Johnson said after testifying to a House Banking
+subcommittee.
+    He did not elaborate on the nature of the action nor when
+it was taken, but said that it was in the spirit of the
+agreement reached by six industrial nations in Paris recently.
+    Johnson said the dollar's decline against other currencies
+such as the Japanese yen has been gradual.
+    Since the accord by the United States, Britain, West
+Germany, Japan, France and Canada, foreign exchange markets
+have been closely watching for indications of intervention by
+central banks to determine the committment by those nations to
+their agreement.
+    The nations agreed that currency exchange rates were at
+about the correct levels when the pact was signed earlier this
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14583" NEWID="9062">
+<DATE>24-MAR-1987 17:11:23.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2624&#31;reute
+r f BC-XOMA-&lt;XOMA>-FILES-FOR   03-24 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XOMA &lt;XOMA> FILES FOR PUBLIC OFFERING</TITLE>
+<DATELINE>    BERKELEY, Calif., March 24 - </DATELINE><BODY>Xoma Corp said it filed a
+registration statement with the Securities and Exchange
+Commission covering a proposed public offering of 1.3 mln
+common shares.
+    Xoma, a biotechnology company which produces monoclonal
+antibody-based products to treat some forms of cancer, said
+proceeds will be used to fund research and product development,
+human clinical trials and the expansion of manufacturing
+capacity and working capital.
+    It said Dillon Read and Co Inc and Alex Brown and Sons Inc
+will manage the underwriting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14584" NEWID="9063">
+<DATE>24-MAR-1987 17:12:51.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2625&#31;reute
+r f BC-REPUBLIC-AMERICAN-&lt;RA   03-24 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC AMERICAN &lt;RAWC> PLANS EXCHANGE OFFER</TITLE>
+<DATELINE>    ENCINO, Calif., March 24 - </DATELINE><BODY>Republic American Corp said it
+began an offer to exchange a new issue of 9-1/2 pct
+subordinated debentures due 2002 for a portion of its common
+stock.
+    Republic said it is offering to acquire its stock at a rate
+of 17.50 dlrs principal amount of debentures per common share.
+    The offering, which expires on April 27 unless extended, is
+for up to 2,250,000 shares, with the company reserving the
+right to accept three mln shares, Republic also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14585" NEWID="9064">
+<DATE>24-MAR-1987 17:15:35.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2630&#31;reute
+d f BC-MARYLAND-NATIONAL-&lt;MD   03-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARYLAND NATIONAL &lt;MDNT> SEES NEW NAME</TITLE>
+<DATELINE>    BALTIMORE, March 24 - </DATELINE><BODY>Maryland National Corp, the parent of
+Maryland National Bank which earlier this month merged with
+American Security Bank, said its shareholders will vote on a
+new name for the regional bank holding company at its April 29
+annual meeting.
+    It said MNC Financial Inc is the proposed new name for the
+parent company. The banks merged on March 16, and have combined
+assets of about 14 billion dlrs.
+    Maryland said the new name only will be used for the parent
+and it does not plan to change the names of Maryland National
+Bank, American Security Bank or non-bank affiliates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14586" NEWID="9065">
+<DATE>24-MAR-1987 17:19:19.43</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2635&#31;reute
+r f BC-venezuela-has-chosen   03-24 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA TO ANNOUCE PARTNER FOR COAL VENTURE</TITLE>
+<DATELINE>    CARACAS, March 24 - </DATELINE><BODY>Petroleos de Venezuela S.A will
+announce within two weeks the name of a foreign consortium it
+has chosen to help exploit the coal deposits at Guasare in
+western Zulia state, PDVSA president Juan Chacin Guzman said.
+    Chacin told reporters the foreign partner will provide
+capital as well as technical and marketing expertise to the
+Carbozulia project, which the state oil company will manage.
+    PDVSA officials said that among those who bid for the
+partnership is a consortium between Agip Carbone, a subsidiary
+of Italy's Ente Nazionale Idrocarburi (ENI), and Atlantic
+Richfield &lt;ARC> of the United States.
+    Minister of Energy and Mines Arturo Hernandez Grisanti said
+discussions are currently taking place to finalize the terms of
+the contract with the foreign partner.
+    PDVSA vice-president Pablo Reimpell said last week the
+first shipment of coal from the Carbozulia project should be
+made during the final quarter of 1987, and would measure
+between 100-150,000 metric tons.
+    Plans call for production to eventually reach 500,000 mt
+annually. Reimpell said the original investment in the project
+will be approximately 8 billion bolivars.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14587" NEWID="9066">
+<DATE>24-MAR-1987 17:20:44.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2643&#31;reute
+r f BC-GOTTSCHALKS-INC-&lt;GOT>   03-24 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOTTSCHALKS INC &lt;GOT> 4TH QTR NET</TITLE>
+<DATELINE>    FRESNO, Calif, March 24 -
+    </DATELINE><BODY>Shr 37 cts vs 50 cts
+    Net 2,776,000 vs 2,756,000
+    Sales 46.9 mln vs 38.8 mln
+    Avg shrs 7,508,000 vs 5,550,000
+    Year
+    Shr 58 cts vs 55 cts
+    Net 4,021,000 vs 3,005,000
+    Sales 125.9 mln vs 112.8 mln
+    Avg shrs 7,090,000 vs 5,500,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14588" NEWID="9067">
+<DATE>24-MAR-1987 17:27:13.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2654&#31;reute
+f f BC-******BORG-WARNER-SAY   03-24 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BORG-WARNER SAYS IT DISCUSSED POSSIBLE TAKEOVER WITH IRWIN JACOBS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14589" NEWID="9068">
+<DATE>24-MAR-1987 17:28:31.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2657&#31;reute
+f f BC-******CYCLOPS-CORP-SA   03-24 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CYCLOPS CORP SAYS CYACQ'S AMENDED OFFER RESTATES ORIGINAL CONDITIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14590" NEWID="9069">
+<DATE>24-MAR-1987 17:28:58.09</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2659&#31;reute
+b f BC-/U.S.-SUGAR-QUOTA-MAY   03-24 0147</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUGAR QUOTA MAY BE EASED, CONGRESSMAN SAYS</TITLE>
+<DATELINE>    WASHINGTON, MARCH 24 - </DATELINE><BODY>The United States may soon ease its
+1987 sugar import quota of one mln short tons by bringing
+forward to the third quarter some shipments scheduled for the
+fourth quarter of 1987, Jerry Huckaby, a leading Congressman
+representing sugar growers told Reuters in an interview.
+    Huckaby, a Louisiana Democrat and chairman of the House
+subcommittee which deals with the sugar program, indicated the
+easing of the quota might be a way to calm the concern about
+the impact of the severe cut in U.S. sugar imports this year.
+    "With imports coming down from 1.8 mln (last year) to one
+mln, there is legitimate concern about the impacts on Caribbean
+countries and the Philippines," Huckaby said.
+    By bringing forward to the third quarter some imports, the
+quota would effectively be eased by about 250,000 tons.
+    Huckaby said by simply bringing forward to the third
+quarter of the year sugar imports scheduled for the September
+to December period "we could get away without having to
+increase the quota."
+    He noted that some in the sugar industry believe an
+increase in the quota is justified.
+    Earlier this month, representatives of U.S. cane sugar
+refiners met with U.S. Agriculture Department officials to
+request a quota increase of at least 200,000 tons. The refiners
+said the increase is needed because the quota is so restrictive
+there could be some spot shortages of sugar in the U.S later
+this year, a refiner spokesman said.
+    However, the official slaid the USDA replied only that it
+would consider the request.
+    Following the refiners' request, representatives of the
+Florida sugarcane producers met with USDA to express opposition
+to any quota expansion, industry sources said.
+    The statement by Huckaby, who as a representative from a
+sugar growing district in Louisiana is a leading architect of
+the current sugar program, indicates at least some grower
+officials are concerned enough to support an easing of the
+import quota, industry officials said.
+    Any final decision on easing the quota must be made by the
+Reagan administration's interagency sugar policy group.
+    Asked about possible quota changes, A USDA official said
+"As far as I know, changing the quota volume or the quota year
+is not under active consideration."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14591" NEWID="9070">
+<DATE>24-MAR-1987 17:29:06.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2661&#31;reute
+s f BC-MOBIL-&lt;MOB>-UNIT-NAME   03-24 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> UNIT NAMES GROUP PRESIDENT</TITLE>
+<DATELINE>    CHICAGO, March 24 - </DATELINE><BODY>Montomgery Ward and Co, a subsidiary of
+Mobil Corp, said it named John Weil as president of its Apparel
+Group, replacing Richard Bourret, who has resigned.
+    It said Weil has been a consultant to the company since
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14592" NEWID="9071">
+<DATE>24-MAR-1987 17:30:14.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2665&#31;reute
+r f BC-SONY-&lt;SNE>-TO-SHIP-SA   03-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONY &lt;SNE> TO SHIP SAMPLE OPTICAL DISKS</TITLE>
+<DATELINE>    PARK RIDGE, N.J., March 24 - </DATELINE><BODY>Sony Corp said it plans to
+begin shipping samples in the fall of a 130 millimeter erasable
+magneto-optical disk system used for data storage. It said it
+estimates the cost of the sample drives will be one mln yen
+with sample media costing 30,000 yen.
+    Sony said it will ship samples to potential customers in
+Japan or overseas depending on demand.
+    Sony said the product's development stems from continued
+progress in key technologies such as newly structured recording
+layers using a polycarbonate base and high power lasers with
+high-speed data transfers, among other things.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14593" NEWID="9072">
+<DATE>24-MAR-1987 17:30:27.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2666&#31;reute
+d f BC-CALIFORNIA-MICROWAVE   03-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA MICROWAVE &lt;CMIC> TAKES 3RD QTR CHARGE</TITLE>
+<DATELINE>    SUNNYVALE, Calif., March 24 - </DATELINE><BODY>California Microwave Inc said
+it will take non-recurring charges of 9.7 mln dlrs to pre-tax
+earnings in the third quarter ended March 31.
+    The company said earnings from operations in the second
+half, ending June 30, 1987, excluding the charges, are expected
+to be in the break-even range.
+    In the second half of 1986 net earnings were 2,297,000
+dlrs, or 29 cts per share.
+    The company said the charges relate to its
+telecommunications products area and three other areas.
+    California Microwave previously estimated the write-downs
+in the six to eight-mln-dlr range. It said it will add to that
+a reserve for investment losses in Argo Communications Corp.
+    Also to be included in the write-down are charges against
+its advances to an Arizona-based communications electronics
+firm the company has an option to acquire, it said.
+    In addition, accruals are being made for costs associated
+with the company's reduction in its Sunnyvale work force.
+    California Microwave said the write-downs should have a
+nominal cash impact, as the company already has paid for the
+assets being written down.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14594" NEWID="9073">
+<DATE>24-MAR-1987 17:31:33.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2671&#31;reute
+b f BC-******CRS-SIRRINE-PLA   03-24 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CRS SIRRINE PLANS MAJOR RESTRUCTURING, WRITE OFF OF UP 43 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14595" NEWID="9074">
+<DATE>24-MAR-1987 17:33:02.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2675&#31;reute
+s f BC-H.F.-AHMANSON-AND-CO   03-24 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.F. AHMANSON AND CO &lt;AHM> QTLY DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELES, March 24 -
+    </DATELINE><BODY>Shr 22 cts vs 22 cts prior qtr
+    Pay June one
+    Record May 12
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14596" NEWID="9075">
+<DATE>24-MAR-1987 17:35:45.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2684&#31;reute
+b f BC-BORG-WARNER-&lt;BOR>-TEL   03-24 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORG-WARNER &lt;BOR> TELLS OF TALKS WITH JACOBS</TITLE>
+<DATELINE>    CHICAGO, March 24 - </DATELINE><BODY>Borg-Warner Corp said it has had
+discussions with Irwin Jacobs on his interest in the
+possibility of Minstar Inc &lt;MNST>, a Jacobs controlled company,
+being given access to certain non-public information about
+Borg-Warner.
+    In late February, an investor group headed by Jacobs
+offered 44 dlrs a share, or 3.29 billion dlrs, to take over
+Borg-Warner.
+    Borg-Warner said it advised Jacobs that before its board
+would give Minstar access to company records Minstar would have
+to provide satisfactory evidence that sufficient financing was
+committed to carry out whatever transaction was proposed.
+    A Borg-Warner spokesperson said the discussions with Jacobs
+and other Minstar officials focused on terms and conditions
+under which the company would consider granting Minstar access
+to the information it was seeking.
+    The Borg-Warner spokesperson said the company has not been
+able to reach an agreement with Minstar, and Borg-Warner has
+not granted Minstar access to any records.
+    There can be no assurance that there will be further
+discussions with Jacobs or that any agreement will be reached,
+the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14597" NEWID="9076">
+<DATE>24-MAR-1987 17:39:44.56</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2699&#31;reute
+u f BC-CANADA-VOWS-TO-FIGHT   03-24 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA VOWS TO FIGHT U.S. POTASH ACTION</TITLE>
+<AUTHOR>    By Russell Blinch, Reuters</AUTHOR>
+<DATELINE>    OTTAWA, March 24 - </DATELINE><BODY>External Affairs Minister Joe Clark
+today vowed to do everything possible to fight the U.S. action
+against Canadian potash exports, but also warned against
+raising the alarm too early in the dispute.
+    In the latest flashpoint in Canadian-U.S. trade relations,
+the U.S. International Trade Commission ruled unanimously
+Monday that Canadian potash shipments valued at 270 million
+U.S. dlrs last year were injuring the U.S. industry.
+    "We certainly intend to do everything we can to insure that
+Canadian interests are well protected," Clark told the House of
+Commons in the daily question period.
+    But he said the opposition parties should be careful "not
+to raise false alarms too early."
+    The case now goes before the U.S. Commerce Department's
+trade division to determine if a duty should be imposed. Potash
+producers from New Mexico, claiming unfair government
+subsidies, are seeking a 43 pct tariff on Canada's shipments.
+    Canada, the world's largest potash producer, exported 9.8
+mln metric tonnes of potash last year, with nearly a third
+going to the U.S.
+    Most of the potash, used in the production of fertilizer,
+comes from provincially owned mines in Saskatchewan.
+    In the Commons, Liberal member Lloyd Axworthy branded the
+ruling as just another "trade harrassment" from the U.S. and
+criticized Clark's assurances the country's interests would be
+protected.
+    "We received exactly the same kind of assurances in the
+softwood lumber case that was totally fumbled and bumbled,"
+Axworthy said.
+    Canada's Progressive Conservative government agreed to
+impose a 15 pct duty on its softwood lumber exports earlier
+this year to end a long and bitter bilateral trade dispute with
+the U.S.
+    Axworthy urged the government to present Canada's case to
+world trade authorities under the General Agreement on Tariffs 
+and Trade.
+    But Clark maintained the potash dispute was another example
+of why Canada needs to find a new way to settle bilateral
+irritants in the free trade negotiations under way with the
+U.S.
+    "What we are seeking to do is put in place a better
+system," Clark said.
+    Meanwhile, Saskatchewan Trade Minister Bob Andrew expressed
+confidence Canada would win its case, claiming the problem
+stems from low international commodity prices and not
+government subsidies.
+    "The reality of the problem and the injury is caused
+worldwide," he said. "It's caused by a downturn in the
+commodity price for fertilizer, whether it's potash fertilizer,
+nitrogen fertilizer or whatever."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14598" NEWID="9077">
+<DATE>24-MAR-1987 17:41:52.68</DATE>
+<TOPICS><D>pet-chem</D><D>nat-gas</D></TOPICS>
+<PLACES><D>trinidad-tobago</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2706&#31;reute
+u f BC-trintoc-and-union-car   03-24 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRINTOC, UNION CARBIDE TO BUILD METHANOL PLANT</TITLE>
+<DATELINE>    PORT OF SPAIN, TRINIDAD, March 24 - </DATELINE><BODY>Trinidad and Tobago is
+finalizing arrangements with Union Carbide &lt;UK> of the United
+States and Snamprogetti of Italy for the construction of a
+1,500 tonnes per day methanol plant, Energy Minister Kelvin
+Ramnath said.
+    Ramnath said the ministry is now holding talks with Union
+Carbide on the price of natural gas to be used in the plant,
+which will be constructed near the Trinidad and Tobago oil
+company (Trintoc) refinery at Point Fortin on the west coast.
+    Snamprogetti built the first methanol refinery on trinidad
+five years ago.
+    Trintoc is likely to put up land, refinery plant and
+machinery as equity. If negotiations go smoothly, ramnath said,
+construction could begin by next january.
+    The government of prime minister A.N.R. Robinson is hoping
+to lue new investors to the twin-island state's petrochemical
+industry, in order to make use of new findings of natural gas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14599" NEWID="9078">
+<DATE>24-MAR-1987 17:44:49.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2716&#31;reute
+r f BC-ORMAND-INDUSTRIES-&lt;OM   03-24 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORMAND INDUSTRIES &lt;OMD> UNIT TO REPAY DEBT</TITLE>
+<DATELINE>    LOS ANGELES, March 24 - </DATELINE><BODY>Ormand Industries INc said its
+General Can Co Inc unit has finalized all transactions needed
+to repay about 3.3 mln dlrs of past-due accounts to its
+unsecured lenders.
+    The plan calls for payment of about 1.5 mln dlrs in cash
+and the issuance of a new class of preferred stock by Ormand
+Industries.
+    The company said it anticipates full distribution to the
+creditors during March.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14600" NEWID="9079">
+<DATE>24-MAR-1987 17:48:26.93</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f2720&#31;reute
+b f BC-VOLCKER-CALLS-DOLLAR   03-24 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER CALLS DOLLAR SLIDE ENOUGH</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said that the dollar's slide in currency markets has
+been enough, a Fed spokesman said.
+    The spokesman confirmed that Volcker, who spoke to a group
+of financial analysts, said in answer to a question about the
+dollar's recent slide that "enough is enough."
+    Volcker has often expressed concern about the dollar
+falling too rapidly in currency markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14601" NEWID="9080">
+<DATE>24-MAR-1987 17:50:13.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2722&#31;reute
+f f BC-******NASDAQ-SHORT-IN   03-24 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NASDAQ MARCH SHORT INTEREST WAS 184.9 MLN SHRS VS 215.7 MLN SHARES IN FEBRUARY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14602" NEWID="9081">
+<DATE>24-MAR-1987 17:50:21.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2723&#31;reute
+r f BC-RB-INDUSTRIES-&lt;RBI>-C   03-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RB INDUSTRIES &lt;RBI> COMPLETES STORE SALES</TITLE>
+<DATELINE>    LOS ANGELES, March 24 - </DATELINE><BODY>RB Industries Inc said it completed
+the sale of its W and J SLoane Division to Laurence Crink Jr
+and a group of investors.
+    The definitive agreement provides for a closing on April 1,
+1987. The division consists of four W and J Sloane furniture
+store in Los Angeles and Orange counties.
+    RB Industries also said it recently secured a five-year
+8.573 pct secured 9.9-mln-dlr loan on its Irvine property from
+a major institution. Proceeds will be used to retire existing
+bank debt, for working capital and to retire a portion of its
+outstanding 12 pct debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14603" NEWID="9082">
+<DATE>24-MAR-1987 17:53:11.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2730&#31;reute
+r f BC-TRAVELERS-&lt;TIC>-UNIT   03-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRAVELERS &lt;TIC> UNIT SELLS MORTGAGE CERTIFICATES</TITLE>
+<DATELINE>    New York, March 24 - </DATELINE><BODY>Travelers Mortgage Services Inc, a
+unit of Travelers Corp, is issuing nearly 75.2 mln dlrs of
+mortgage pass-through certificates, said sole manager Morgan
+Stanely and Co Inc.
+    The certificates have a 6-1/2 pct coupon and initial price
+of 89.6 for a bond equivalent yield of 8-1/2 pct. Morgan said
+the certificates will be reoffered at various prices and have
+an average life of 9.6 years.
+    Principal and interest will be payed each month beginning
+May 25. Standard and Poor's is expected to rate the
+certificates AA, Morgan said.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14604" NEWID="9083">
+<DATE>24-MAR-1987 17:54:44.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2732&#31;reute
+b f BC-******NASDAQ-SHORT-IN   03-24 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASDAQ SHORT INTEREST IN MARCH FALLS</TITLE>
+<DATELINE>    WASHINGTON, March 24 - </DATELINE><BODY>NASDAQ said short interest as of
+mid-march totaled 184.9 mln shares compared to 215.7 mln shares
+for the month of February.
+    NASDAQ said the mid-March figures are based on 3,983
+securities and the February figures are based on 3,842
+securities.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14605" NEWID="9084">
+<DATE>24-MAR-1987 17:56:15.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2733&#31;reute
+r f BC-GOLDMAN-SACHS-SELLS-S   03-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDMAN SACHS SELLS SIGNET &lt;SBK> UNIT NOTES</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Goldman, Sachs and Co, acting as lead
+manager, said it is offering 100 mln dlrs of deposit notes due
+1992 that it purchased from Bank of Virginia Co, a unit of
+Signet Banking Corp.
+    The notes have a 7-1/2 pct coupon and were priced at 99.75
+to yield 7.56 pct, or 74 basis points more than comparable
+Treasury securities.
+    Non-callable to maturity, the issue is rated Aa-2 by
+Moody's Investors Service Inc. L.F. Rothschild co-managed the
+deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14606" NEWID="9085">
+<DATE>24-MAR-1987 17:56:55.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2735&#31;reute
+r f BC-NMS-PHARMACEUTICAL-&lt;N   03-24 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NMS PHARMACEUTICAL &lt;NMSI> SETS NEW BLOOD TEST</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., March 24 - </DATELINE><BODY>NMS Pharmaceuticals Inc
+said it has launched a new over-the-counter urinary blood test
+that will be sold through drugstores soon.
+    The test, called EZ Detect Urinary Blood Test, detects
+minute amounts of blood in the urine that cannot be detected by
+the naked eye.
+    It has been approved by the Food and Drug Administration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14607" NEWID="9086">
+<DATE>24-MAR-1987 17:57:04.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2736&#31;reute
+r f BC-AMERICAN-CAN-&lt;AC>-SEL   03-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CAN &lt;AC> SELLS CONVERTIBLE EUROBONDS</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>American Can Co said it is issuing in
+the Euromarkets 175 mln dlrs of convertible Eurodollar bonds
+due 2002 with a 5-1/2 pct coupon and par pricing.
+    The Eurobonds are convertible into the company's common
+stock at 66.75 dlrs per share, representing a premium of 27.5
+pct over today's closing stock price, American Can said.
+    Proceeds will be used for general corporate purposes, which
+could include refinancing outstanding debt, business
+acquisitions or investments. The debt is being offered via a
+syndicate managed by Morgan Stanley International, Credit
+Suisse First Boston and Salomon Brothers International.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14608" NEWID="9087">
+<DATE>24-MAR-1987 18:01:26.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2737&#31;reute
+u f BC-GENCORP-&lt;GY>-TAKEOVER   03-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> TAKEOVER GROUP CANCELS HEARING</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>The investor group seeking to acquire
+GenCorp Inc said it agreed to cancel a court hearing after
+GenCorp withdrew three proposals that, if approved, would have
+made it more costly and difficult to acquire the Akron,
+Ohio-based company.
+    Earlier today GenCorp said it will not ask shareholders to
+approve an increase in the number of its outstanding shares,
+the election of a staggered board of directors and the
+elimination of cumulative voting.
+    However, the group said it will continue to try to block
+GenCorp's poison-pill provision.
+    The group, a partnership of AFG Industries Inc &lt;AFG> and
+&lt;Wagner and Brown>, was to go to court on March 27 to block
+GenCorp for having the three proposals voted on by shareholders
+at its annual meeting.
+    GenCorp said it withdrew the proposals so that it could
+focus its attention on the takeover offer.
+    The takeover partnership said it has asked to meet with
+GenCorp to negotiate a repeal of the company's poison pill
+plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14609" NEWID="9088">
+<DATE>24-MAR-1987 18:03:03.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2738&#31;reute
+u f BC-GENCORP-&lt;GY>-FIXES-RI   03-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> FIXES RIGHTS SEPARATION DATE</TITLE>
+<DATELINE>    AKRON, Ohio, March 24 - </DATELINE><BODY>Gencorp Inc said that because it is
+continuing to evaluate General Acquisition Inc's tender offer
+it has fixed April 3, subject to further extension, as the date
+the rights to purchase preferred shares will trade separately
+from the common stock as a result of the tender offer.
+    This extension of the expiration date is conditioned on no
+person acquiring beneficial ownership of 20 pct or more of
+Gencorp's common stock prior to April 3, it said.
+    Gencorp said it could distribute the rights certificates to
+shareholders 10 to 30 days after the March 18 acquisition offer
+was made.
+    However, rather than leaving the expiration date in a
+range, the board decided to set April 3 as the day it will
+distribute the preferred share purchase rights.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14610" NEWID="9089">
+<DATE>24-MAR-1987 18:04:32.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>masse</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f2739&#31;reute
+u f BC-CANADA-ENERGY-MINISTE   03-24 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA ENERGY MINISTER TO MAKE STATEMENT</TITLE>
+<DATELINE>    OTTAWA, March 24 - </DATELINE><BODY>Canadian Energy Minister Marcel Masse
+will hold a news conference at noon est Wednesday, following a
+meeting with his Alberta counterpart, Neil Webber, his office
+announced.
+    Published reports in Canada, quoting government sources,
+said Masse will announce a major aid package for the province's
+struggling energy industry.
+    An unidentified Alberta member of Parliament said the plan
+will include drilling incentives and tax measures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14611" NEWID="9090">
+<DATE>24-MAR-1987 18:04:57.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2740&#31;reute
+u f BC-AMERICAN-INTERNATIONA   03-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN INTERNATIONAL &lt;AIG> SELLS AFRICAN UNIT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>American International Group Inc said
+it sold its South African subsidiary, American International
+Insurance Co Ltd, to Johannesburg Insurance Holdings Ltd, a
+holding company owned by a consortium of shareholders led by
+Rand Merchant Bank.
+    Terms were not disclosed and company officials were
+unavailable for comment.
+    With the conclusion of the sale, American International has
+entirely divested itself of its holdings in South Africa.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14612" NEWID="9091">
+<DATE>24-MAR-1987 18:07:01.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2742&#31;reute
+u f BC-OXFORD-INDUSTRIES-INC   03-24 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OXFORD INDUSTRIES INC &lt;OXM> 3RD QTR FEB 27</TITLE>
+<DATELINE>    ATLANTA, March 24 -
+    </DATELINE><BODY>Shr 25 cts vs 21 cts
+    Net 2.8 mln vs 2.3 mln
+    Revs 135.0 mln vs 119.0 mln
+    Nine months
+    Shr 80 cts vs 70 cts
+    Net 8.9 mln vs 7.7 mln
+    Revs 407.7 mln vs 403.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14613" NEWID="9092">
+<DATE>24-MAR-1987 18:09:40.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2747&#31;reute
+r f BC-UNION-TAKES-AMERICAN   03-24 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION TAKES AMERICAN AIRLINES TO COURT</TITLE>
+<DATELINE>    DALLAS, March 24 - </DATELINE><BODY>The Association of Professional Flight
+Attendants announced today that it was seeking a court order
+prohibiting any additional actions by AMR Corp's American
+Airlines restricting the right of its members to communicate
+with the public.
+    Patt A. Gibbs, president of the 10,000-member APFA, said
+the union took the action following the firing of 17 flight
+attendants who had been handing out information brochures at
+American's terminals at the Dallas-Fort Worth airport.
+    The union has been negotiating for a new contract with the
+American Airlines for the past seven months. The union is
+seeking abolishment by the airline of a two-tier wage system
+for flight attendants.
+    Gibbs said at a press conference today that American had
+fired seven flight attendants "on the spot" last Sunday, and by
+Monday a total of 17 had been fired.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14614" NEWID="9093">
+<DATE>24-MAR-1987 18:12:46.76</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2752&#31;reute
+u f BC-PORTUGAL-MAY-HAVE-PUR   03-24 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGAL MAY HAVE PURCHASED U.S. CORN</TITLE>
+<DATELINE>    CHICAGO, March 24 - </DATELINE><BODY>Portugal may have purchased a 30,000
+tonne cargo at its tender today for up to 43,000 tonnes of
+number two yellow corn (14.5 pct maximum moisture) for arrival
+by April 30, shipment via Gulf ports, U.S. exporters said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14615" NEWID="9094">
+<DATE>24-MAR-1987 18:13:15.39</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2754&#31;reute
+u f BC-TAIWAN-TENDERING-THUR   03-24 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN TENDERING THURSDAY FOR U.S. CORN</TITLE>
+<DATELINE>    CHICAGO, March 24 - </DATELINE><BODY>Taiwan will tender Thursday, March 26,
+for a total of 356,000 tonnes of U.S. number two yellow corn
+(14.5 pct moisture) for various Sept/Dec shipments via Gulf or
+Pacific Northwest ports, U.S. exporters said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14616" NEWID="9095">
+<DATE>24-MAR-1987 18:13:46.57</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2756&#31;reute
+u f BC-SRI-LANKA-TENDERING-O   03-24 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKA TENDERING OVERNIGHT FOR WHEAT</TITLE>
+<DATELINE>    CHICAGO, March 24 - </DATELINE><BODY>Sri lanka will tender overnight for
+52,500 tonnes of U.S., Canadian and/or Australian wheats for
+April 8/16 shipment, under the Export Enhancement Program if
+U.S. origin, U.S. exporters said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14617" NEWID="9096">
+<DATE>24-MAR-1987 18:14:54.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2758&#31;reute
+r f AM-BRAZIL-PLANNING   03-24 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL ANNOUNCES NEW PLANNING MINISTER</TITLE>
+<DATELINE>    BRASILIA, March 24 - </DATELINE><BODY>Brazil's new planning minister is
+Anibal Teixeira de Souza, the former head of a national welfare
+program, the government said.
+    Teixeira replaces economist Joao Sayad, who last week
+became the latest victim of the turmoil in Brasilia over
+government economic policy.
+    Sayad disagreed with Finance Minister Dilson Funaro, the
+most important minister for economic affairs, on a range of
+policy issues and submitted his resignation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14618" NEWID="9097">
+<DATE>24-MAR-1987 18:23:36.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2764&#31;reute
+d f BC-&lt;DIGIGRAPHIC-SYSTEMS   03-24 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DIGIGRAPHIC SYSTEMS CORP> 4TH QTR OPER LOSS</TITLE>
+<DATELINE>    EDEN PRAIRIE, MINN., March 24 -
+    </DATELINE><BODY>Oper shr loss one ct vs loss seven cts
+    Oper net loss 80,640 vs loss 787,738
+    Revs 933,183 vs 3,346,627
+    Avg shrs 6,122,378 vs 8,451,578
+    Year
+    Oper shr loss 75 cts vs loss 1.10 dlrs
+    Oper net loss 5,120,206 vs loss 9,288,996
+    Revs 5,846,962 vs 18,679,090
+    Avg shrs 6,805,951 vs 8,387,802
+    NOTE: Earnings exclude losses from discontinued operations
+of 178,437 dlrs, or three cts a share vs 154,767 dlrs, or two
+cts a share in the quarter and losses of 706,984 dlrs, or 10
+cts a share vs 572,100 dlrs, or seven cts a share for the year
+    1986 year earnings exclude gain from early extinguishment
+of debt of 11,318,289 dlrs, or 1.66 dlrs a share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14619" NEWID="9098">
+<DATE>24-MAR-1987 18:24:24.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2766&#31;reute
+h f BC-BAYOU-&lt;BYOU>-IN-DEFIN   03-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYOU &lt;BYOU> IN DEFINITIE MERGER AGREEMENT</TITLE>
+<DATELINE>    HOUSTON, March 24 - </DATELINE><BODY>Bayou Resources Inc said it reached an
+definite agreement to be acquired by Patrick Petroleum Co
+through a stock and cash transaction valued at six dlrs per
+Bayou share.
+    Bayou also reported net loss of three cts or 23,024 dlrs
+for the fourth quarter compared with a net income of 10,128
+dlrs or one cts a year. Revenues fell to 532,807 dlrs from
+769,465 dlrs a year ago.
+    For the year, Bayou reported a net loss of 14 cts or
+116,793 dlrs compared to a net income of 23 cts or 203,372
+dlrs. Revenues fell to 2.4 mln dlrs from 3.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14620" NEWID="9099">
+<DATE>24-MAR-1987 18:26:30.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2771&#31;reute
+r f BC-APACHE-&lt;APA>-FILES-FO   03-24 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APACHE &lt;APA> FILES FOR 100 MLN DLR OFFERING</TITLE>
+<DATELINE>    MINNEAPOLIS, March 24 - </DATELINE><BODY>Apache Corp said it filed with the
+Securities Exchange Commission a 100 mln dlr convertible
+subordinated debenture offering.
+    It said the offering will be underwritten by Smith Barney,
+Harris Upham and Co Inc, E.F. Hutton and Co Inc, Morgan Stanley
+and Co Inc, Dean Witter Reynolds Inc and Piper, Jaffray and
+Hopwood Inc and will provide a security convertible into Apache
+at any time prior to maturity in the year 2012 unless redeemed
+earlier by the company.
+    In connection with the offering, Apache said preliminary
+results for the first two months of 1987 reflected a loss of
+about 600,000 dlrs, or three cts a share, on consolidated
+revenues of 33 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14621" NEWID="9100">
+<DATE>24-MAR-1987 18:27:41.18</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2773&#31;reute
+r f BC-TRANSCONTINENTAL-&lt;TGP   03-24 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSCONTINENTAL &lt;TGP> FILES NEW OFFER</TITLE>
+<DATELINE>    HOUSTON, March 24 - </DATELINE><BODY>Transcontinental Gas Pipe Line Corp
+said that it is not willing to accept the Federal Energy
+Regulatory Commission's conditioned approval of its proposed
+offer of settlement dated May 13.
+    Transco said it filed a revised settlement proposal which
+would permit it to become an open access transporter while
+restructuring gas sales services.
+    The new offer includes a gas supply inventory charge to
+customers who fail to buy 60 pct of their annual contract
+quantities and 35 pct of their summer contract quantities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14622" NEWID="9101">
+<DATE>24-MAR-1987 18:43:53.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2791&#31;reute
+w f BC-COMPUTER-IDENTICS-COR   03-24 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER IDENTICS CORP &lt;CIDN> 4TH QTR</TITLE>
+<DATELINE>    CANTON, Mass, March 24 -
+    </DATELINE><BODY>Shr loss 44 cts vs loss 20 cts
+    Net loss 2.4 mln vs loss 880,000
+    Revs 2.4 mln vs 2.6 mln
+    Year
+    Shr loss 87 cts vs loss 11 cts
+    Net loss 4.3 mln vs loss 494,000
+    Revs 9.0 mln vs 12.0 mln
+    NOTE:1986 includes restructuring charges of 2.1 mln dlrs
+and loss of foreign affiliates of 2.0 mln dlrs. 1985 includes
+loss from foreign affiliates of 173,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14623" NEWID="9102">
+<DATE>24-MAR-1987 18:45:24.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2793&#31;reute
+r f BC-FLEET-TO-ACQUIRE-ASSE   03-24 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLEET TO ACQUIRE ASSETS OF MARK IV &lt;IV> UNIT</TITLE>
+<DATELINE>    ST. CATHARINES, Ontario, March 24 - </DATELINE><BODY>&lt;Fleet Aerospace Corp>
+said it agreed in principle to acquire the assets and
+operations of the Engineered Magnetics division of Gulton
+Industries Inc, a unit of Mark IV Industries Inc.
+    Terms were undisclosed.
+    Los Angeles-based Engineered Magnetics designs and produces
+custom power conversion systems mainly for use in the defense
+and aerospace industries. Its revenues for the year ended
+February 28 totaled about 20 mln Canadian dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14624" NEWID="9103">
+<DATE>24-MAR-1987 18:45:39.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2794&#31;reute
+w f BC-MIKRON-INSTRUMENT-CO   03-24 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIKRON INSTRUMENT CO &lt;MIKR> 1ST QTR JAN 31</TITLE>
+<DATELINE>    WYCKOFF, N.J., March 24 -
+    </DATELINE><BODY>Shr three cts vs four cts
+    Net 30,969 vs 18,230
+    Revs 956,971 vs 702,994
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14625" NEWID="9104">
+<DATE>24-MAR-1987 18:49:46.20</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2802&#31;reute
+d f BC-GOLDEN-NORTH-HAS-ENCO   03-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDEN NORTH HAS ENCOURAGING DRILL RESULTS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 24 - </DATELINE><BODY>Golden North
+Resource Corp said said surface and underground drilling on the
+Canty project and Mascot fraction at its Nickel Plate Mountain
+property in British Columbia returned encouraging gold assays.
+    It said one Canty hole encountered several mineralized
+intervals including 11 feet grading 0.342 ounce gold a short
+ton from 86 to 97 feet and 17 feet grading 0.756 ounce gold ton
+from 170.5 feet to 187.5 feet.
+    A Mascot fraction hole returned assays including 0.190
+ounce gold ton over seven feet between 57 and 64 feet, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14626" NEWID="9105">
+<DATE>24-MAR-1987 18:50:13.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2803&#31;reute
+h f BC-UNISYS-&lt;UIS>-GETS-ORD   03-24 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNISYS &lt;UIS> GETS ORDER FROM SWEDEN</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Unisys Corp said it received a 4.5 mln
+dlrs computer order from Rikskatteverket, the Swedish
+equivalent of the U.S. Internal Revenue Service.
+    The computer is planned for delivery in May this year and
+will be installed in the agency's Stockholm headquarters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14627" NEWID="9106">
+<DATE>24-MAR-1987 18:52:50.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2806&#31;reute
+r f BC-HAWKEYE-&lt;HWKB>-ISSUES   03-24 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKEYE &lt;HWKB> ISSUES PREFERENCE STOCK</TITLE>
+<DATELINE>    DES MOINES, March 24 - </DATELINE><BODY>Hawkeye Bancorp said it issued
+2,690,877 shares of preference stock to its institutional
+creditors in payment of 32.3 mln dlrs of restructured debt.
+    It said the new shares, which are convertible into common
+stock on a share-for-share basis at the option of the holders
+at any time, represent in the aggregate 25 pct of the equity of
+Hawkeye on a fully diluted basis.
+    Hawkeye also said it issued 233,983 shares of common stock
+in exchange for 14,766 shares of preferred upon completion of a
+previously announced exchange offer to holders of preferred.
+    As a result, the company said it has 6,922,949 shares of
+common, 155,009 shares of preference stock which are
+convertible into 1,149,681 shares ov common and 2,690,877
+shares of preference stock convertible into a like number of
+common shares.
+    Total common stock equivalents are 10,763,507.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14628" NEWID="9107">
+<DATE>24-MAR-1987 18:56:31.28</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2809&#31;reute
+u f BC-AUSTN-FEB-ANNUAL-M3-M   03-24 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTN FEB ANNUAL M3 MONEY SUPPLY RISES 11.2 PCT</TITLE>
+<DATELINE>    Sydney, March 25 - </DATELINE><BODY>The annual growth of Australia's m3
+money supply rose by 11.2 pct in the year ended February
+compared with January's 10.7 pct, the Reserve Bank said.
+    This was down from 14.0 pct in February last year.
+    In February m3 rose by 0.6 pct compared with 0.8 in January
+and a February 1986 rise of 0.1 pct.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14629" NEWID="9108">
+<DATE>24-MAR-1987 18:57:22.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2810&#31;reute
+r f BC-PS-GROUP-&lt;PSG>,-USAIR   03-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PS GROUP &lt;PSG>, USAIR &lt;U> MOVE UP DEADLINE</TITLE>
+<DATELINE>    SAN DIEGO, Calif., March 24 - </DATELINE><BODY>PS Group Inc said it and
+USAir Group agreed to move up the completion date of USAir's
+acquisition of Pacific Southwest Airlines to April 30 from
+September 30 originally.
+    If the acquisition does not take place by April 30, either
+party may terminate the agreement, the company said.
+    The deadline has been moved up because the Department of
+Transportation and PS Group shareholders have already approved
+the transaction, the company said.
+    A Teamsters Union agreement to certain labor contract
+conditions remains to be resolved under the pact.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14630" NEWID="9109">
+<DATE>24-MAR-1987 19:00:00.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2815&#31;reute
+r f BC-TANDON-&lt;TCOR>-SAYS-SE   03-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDON &lt;TCOR> SAYS SEARS &lt;S> STILL CUSTOMER</TITLE>
+<DATELINE>    CHATSWORTH, Calif., March 24 - </DATELINE><BODY>Tandon Corp said Sears
+Roebuck, through its Sears Business Centers, continues to be a
+customer of Tandon for its products.
+    The company said it was issuing the statement in response
+to a published report that quoted unidentified industry sources
+as saying Sears Business Centers will shortly discontinue
+carrying Tandon computer products.
+    Tandon noted, however, that while the Sears relationship is
+important, in the first quarter of 1987, ended December 28,
+1986, sales to Sears accounted for less than two pct of the
+company's total revenues of 76.44 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14631" NEWID="9110">
+<DATE>24-MAR-1987 19:01:07.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2818&#31;reute
+h f BC-MERGERS,-PUBLIC-OFFER   03-24 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERGERS, PUBLIC OFFERS SEEN AMONG CAR DEALERS</TITLE>
+<AUTHOR>    By Scott Williams, Reuters</AUTHOR>
+<DATELINE>    Detroit, March 24 - </DATELINE><BODY>Automobile dealerships have become
+large, multi-store operations, and the largest sell more than 1
+billion dlrs a year worth of vehicles a year.
+    Around the auto industry there is talk of mergers and
+buyouts among dealerships, and there are rumors that the
+largest are considering offering shares to the public, analysts
+say.
+    Retail car sales "are at a point of transition. There's not
+much that's off the table in terms of creative thinking" about
+ways to sell cars, says David Cole, analyst with the University
+of Michigan's Transportation Research Institute.
+    The retail car market is "much more freeform now" than it
+was in 1956, the year things began to change, says Detroit
+analyst Arvid Jauppi of Arvid Jauppi and Associates.
+    Thirty years ago, in 1956, the situation was different.
+Dealerships sold one kind of car--a "Chevy" or a Ford or a
+Studebaker. The average dealer had 17 employees and sold
+738,000 dlrs worth of vehicles, according to the National
+Automobile Dealers Association.
+    That year a tiny car from overseas--Germany's Volkswagen
+Beatle--began to gain popularity. The "Bug" caused "a
+rebellion" among dealers, who demanded greater freedom from
+restrictions placed on them by the major American automakers,
+says Jauppi.
+    One of the most visible changes in retail car sales has
+been in the size of dealerships, auto analysts say. Last year,
+the average dealership had 11.2 mln dlrs in sales--a 15-fold
+increase from 1956--and employed 34 workers.
+    "I had one of these guys tell me he makes six, seven mln
+dlrs a year and didn't know what to do with all his money,"
+says Cole.
+    "There's a whole lot more rich guys who sell cars than that
+make cars," he says.
+    With the increase in size, large dealers have been buying
+up other dealerships, and auto analysts see few signs the trend
+will let up.
+    Donald Keithley, vice president, dealer services, for J.D.
+Power, a California-based market research firm, says that, by
+1990, 12,000 people will own dealerships compared to 16,800
+principal owners today.
+    Many dealers are experimenting with owning several
+franchises, some of which might compete against each other. "It
+used to be a Chevrolet dealer was a Chevrolet dealer. Now a
+Chevrolet dealer might handle several lines," Jauppi says.
+    As dealers get bigger, industry officials are talking about
+the possibility that some of them might become publicly-owned
+or open international operations.
+    Offering shares to the public is an option large dealers,
+"are obviously thinking of very seriously," says Cole.
+    Although some say the franchise system might get in the way
+of a public offering, Jauppi says there are few obstacles to
+trading in car dealer shares.
+    "Dealers are large enough now to go public. The only thing
+the manufacturer cares about is that the dealer sells those
+cars. It could happen any time," Jauppi says.
+    "If you look at the whole merger mania, and look at the
+scale some of these dealers, it's going to be very hard to
+resist taking them public," said another analyst.
+    And Jauppi says that dealerships can be expected to become
+international.
+    "We're going to have international dealers--dealer networks
+that are worldwide," he says. U.S. dealers will be attracted
+particularly to Europe, where the market will expand faster
+than the U.S., he says.
+    "It's not totally off the wall," says Cole.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14632" NEWID="9111">
+<DATE>24-MAR-1987 19:05:22.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2824&#31;reute
+r f BC-COMPREHENSIVE-CARE-CO   03-24 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPREHENSIVE CARE CORP &lt;CMPH> 3RD QTR NET</TITLE>
+<DATELINE>    IRVINE, Calif., March 24 - </DATELINE><BODY>Qtr ended Feb 28
+    Shr 17 cts vs 22 cts
+    Net 2,041,000 vs 3,329,000
+    Revs 46.6 mln vs 48.9 mln
+    Nine mths
+    Shr 65 cts vs 82 cts
+    Net 9,290,000 vs 12.7 mln
+    Revs 142.7 mln vs 139.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14633" NEWID="9112">
+<DATE>24-MAR-1987 19:07:46.04</DATE>
+<TOPICS><D>earn</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2826&#31;reute
+r f BC-CHAPMAN-&lt;CHPN>-IN-RES   03-24 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAPMAN &lt;CHPN> IN RESTRUCTURING</TITLE>
+<DATELINE>    DALLAS, March 24 - </DATELINE><BODY>Chapman Energy INc said it is launching
+a major restructuring which, if not approved, it will have no
+alternative but to seek protection under Chapter 11.
+    Under the plan, Chapman will exchange securities and cash
+for all outstanding 12 pct senior subordinated debentures due
+2000 and will sell a controlling interest to Troon Partners
+Ltd.
+   The agreement with Troon requires Troon to advance 6.5 mln
+dlrs partially secured by a first mortgage lien on the
+company's interest in its natural gas pipeline partnership and
+Troon to tender 100,000 principal amount of debentures to
+Chapman.
+    Proceeds of the loan will be used for the cash portion of
+the restructuring. Troon will acquire a majority stock interest
+and control of the board.
+    In addition, Chapman and Troon will establish a 10 mln dlrs
+acquisition joint ventures, it said.
+    The plan also contemplates establishing a restructured loan
+providing for one master credit agreement having an aggregate
+balance of 22.4 mln dlrs.
+    The plan also contemplates the recapitalization of
+preferred stock whereby each share will be converted into three
+shares of common stock.
+    Chapman also said it also plans to negotiate settelment and
+discharge of a substantial portion of its accounts payable and
+settlement of certain litigation.
+    If approved by various creditors and shareholders, the
+company expects the plan to be completed by May 29.
+    Chapman also repoted a loss of 43.4 mln dlrs for the year,
+including asset writedowns of 35.5 mln dlrs, compared to
+December 31, compared to a net income of 177,243 in 1985.
+    The 1986 loss resulted in shareholders' deficiency of 15
+mln dlrs compared to shareholder's equity of 28.9 mln last
+year.
+    Total assets decreased to 35.6 mln dlrs from 81.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14634" NEWID="9113">
+<DATE>24-MAR-1987 19:18:47.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2837&#31;reute
+h f BC-VESTAR-INC-&lt;VSTR>-YEA   03-24 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VESTAR INC &lt;VSTR> YEAR LOSS</TITLE>
+<DATELINE>    PASADENA, Calif., March 24 -
+    </DATELINE><BODY>Shr loss 98 cts vs loss 1.11 dlrs
+    Net loss 3,863,000 vs loss 3,483,000
+    Revs 1,081,000 vs 799,000
+    Note: 4th qtr data not given.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14635" NEWID="9114">
+<DATE>24-MAR-1987 19:21:34.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2840&#31;reute
+h f BC-UNIVATION-INC-&lt;UNIV>   03-24 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVATION INC &lt;UNIV> EXPANDS EUROPE DISTRIBUTION</TITLE>
+<DATELINE>    MILPITAS, Calif., March 24 - </DATELINE><BODY>Univation Inc said it has
+entered marketing agreements with eight major European
+distributors in seven countries.
+    The company said the agreements are expected to yield ten
+mln dlrs in sales in the next 18 months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14636" NEWID="9115">
+<DATE>24-MAR-1987 19:21:53.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2842&#31;reute
+w f BC-&lt;STERLING-BANCORP>-YE   03-24 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;STERLING BANCORP> YEAR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 24 -
+    </DATELINE><BODY>Shr 1.13 dlrs vs 87 cts
+    Net 1,064,489 ca 780,712
+    Assets 106.8 mln vs 102.5 mln
+    Note: 4th qtr data not given.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14637" NEWID="9116">
+<DATE>24-MAR-1987 19:22:01.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2843&#31;reute
+s f BC-FIRST-NEW-HAMPSHIRE-B   03-24 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST NEW HAMPSHIRE BANKS INC DIV</TITLE>
+<DATELINE>    MANCHESTER, N.H, March 24 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts prior
+    Payable May one
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14638" NEWID="9117">
+<DATE>24-MAR-1987 19:23:15.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2844&#31;reute
+s f BC-HOUSE-OF-FABRICS-&lt;HF>   03-24 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE OF FABRICS &lt;HF> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    SHERMAN OAKS, Calif., March 24 -
+    </DATELINE><BODY>Qtly div 12 cts vs 12 cts
+    Pay July 1
+    Record June 12
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14639" NEWID="9118">
+<DATE>24-MAR-1987 19:57:30.70</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2851&#31;reute
+f f BC-Bank-of-Japan-bought   03-24 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bank of Japan bought 200 to 300 mln dlrs this morning, dealers said.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14640" NEWID="9119">
+<DATE>24-MAR-1987 20:03:50.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2856&#31;reute
+f f BC-MIAMI-Brazil-and-bank   03-24 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MIAMI-Brazil and bank advisory committee agree to 60-day extension on credit lines
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14641" NEWID="9120">
+<DATE>24-MAR-1987 20:06:00.50</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2858&#31;reute
+b f BC-JAPAN-BUYS-MODEST-AMO   03-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS MODEST AMOUNT OF DOLLARS, DEALERS SAY</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>The Bank of Japan bought a modest amount
+of dollars this morning, possibly around 200 to 300 mln,
+dealers said.
+    One dealer said the central bank bought about 200 mln dlrs
+through brokers and the rest through banks. The buying began
+when the dollar was at about 149.60 yen, and helped drive the
+U.S. Currency up to around 150, he said.
+    Another said the central bank seemed to be trying to push
+the dollar up above 150 yen. But heavy selling at around that
+level quickly pushed the dollar back down towards 149 yen,
+dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14642" NEWID="9121">
+<DATE>24-MAR-1987 20:06:02.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2859&#31;reute
+f f BC-Miami-Brazil-says-it   03-24 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Miami-Brazil says it expects to make no interest payments before March 31
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14643" NEWID="9122">
+<DATE>24-MAR-1987 20:41:28.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2863&#31;reute
+f f BC-CORRECTED-MIAMI-Brazi   03-24 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CORRECTED-MIAMI-Brazil, bank committee will transmit request for 60-day credit extension
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14644" NEWID="9123">
+<DATE>24-MAR-1987 20:46:44.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2866&#31;reute
+b f BC-BRAZIL/BANK-COMMITTEE   03-24 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL/BANK COMMITTEE AGREE ON CREDIT REQUEST</TITLE>
+<DATELINE>    MIAMI, March 24 - </DATELINE><BODY>Brazil and its bank advisory committee
+agreed to transmit a request for an extension of short-term
+credit lines totalling 16 billion dlrs for 60 days until May
+31, Brazilian Central Bank President Francisco Gros said.
+    Speaking after talks with the committee here, Gros also
+said he did not expect to make interest payment to the banks at
+this moment.
+    He added that "no one should expect any dramatic
+developments before March 31."
+    Brazil last month suspended interest payments on its 68
+billion dlrs debt to commercial banks and froze short-term
+trade and money market lines.
+    Bankers said they would relay the Brazilian request for an
+extension but declined to say whether they were specifically
+endorsing it.
+    Gros said the decision, which he called a "standstill"
+arrangement, will be communicated to Brazil's 700 bank
+creditors by telex tomorrow. Banks had been pressing Brazil to
+make at least a token interest payment, but Gros said the
+government was unable to comply for the moment.
+    He stressed however that Brazil was willing to pay as soon
+as it could, but added that a payment of interest was not
+connected with the extension of the credit lines.
+    "That would not be wise," he said.
+    He said that the extension of the short-term lines would
+not be carried out through "an official instrument" as there was
+not time to complete the legal requirements.
+    Gros said Brazil was likely to meet again with the 14-bank
+advisory committee once Brazil had information to present on an
+economic plan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14645" NEWID="9124">
+<DATE>24-MAR-1987 21:23:11.10</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f2889&#31;reute
+r f BC-JAPAN'S-1986/87-SUGAR   03-24 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S 1986/87 SUGAR CANE OUTPUT SEEN FALLING</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>An Agriculture Ministry survey has
+estimated the nation's 1986/87 crop sugar cane output at 2.14
+mln tonnes, down from 2.62 mln a year earlier.
+    Ministry officials said the decline was due to bad weather
+and a reduction in the land under sugar cane this season, which
+totals 34,800 hectares, down from 35,700 in 1985/86, they said.
+    Harvesting stretches from December 1986 to April 1987
+    Japan's final output will be announced at the beginning of
+June, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14646" NEWID="9125">
+<DATE>24-MAR-1987 21:50:50.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2898&#31;reute
+u f BC-INDIAN-ROCKET-LAUNCH   03-24 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN ROCKET LAUNCH FAILS</TITLE>
+<DATELINE>    NEW DELHI, March 25 - </DATELINE><BODY>India's first intercontinental-range
+rocket fell into the Bay of Bengal two minutes after launch
+yesterday.
+    "Disaster struck the Indian space program today," the Press
+Trust of India (PTI) news agency reported of the failure of the
+rocket at Sriharikota in south India.
+    Earlier, the news agency had reported that 460 seconds
+after the blast-off the launch vehicle had placed a 145 kg
+satellite payload in a 400 km earth orbit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14647" NEWID="9126">
+<DATE>24-MAR-1987 23:22:41.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2930&#31;reute
+u f BC-AUSTRALIA'S-OPPOSITIO   03-24 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA'S OPPOSITION PARTY GAINING POPULARITY</TITLE>
+<DATELINE>    SYDNEY, March 25 - </DATELINE><BODY>Australia's opposition coalition of
+Liberal and National parties has closed the ruling Labour
+party's three percentage point lead in the past month, a public
+opinion poll published today said.
+    The Morgan Gallup Poll showed both sides were level on 45.5
+pct in a nation-wide poll of about 2,000 voters.
+    It also showed public support was growing for Andrew
+Peacock, who was dismissed as the opposition's foreign affairs
+spokesman two days ago, although the poll was conducted a week
+before he was removed.
+    The survey, published in the Bulletin magazine, said 49 pct
+of the voters wanted Peacock while only 18 pct supported
+opposition leader John Howard.
+    Peacock has said he may challenge Howard for the leadership
+before the next elections due before April, 1988.
+    Howard sacked Peacock as shadow foreign minister after
+accusing him of undermining the leadership during a telephone
+conversation with another party member.
+    The car-telephone conversation was picked up by an
+unidentified man using a radio scanner and published in the
+Melbourne Sun newspaper.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14651" NEWID="9127">
+<DATE>24-MAR-1987 23:43:04.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2941&#31;reute
+u f BC-WEEKS-PETROLEUM-LTD-&lt;   03-24 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEEKS PETROLEUM LTD &lt;WPMA.MEL> CALENDAR 1986</TITLE>
+<DATELINE>    MELBOURNE, March 25 -
+    </DATELINE><BODY>Shr 16.7 cents vs 29.4
+    Final div nil vs same making nil vs same
+    Pre-tax profit 21.31 mln dlrs vs 26.42 mln
+    Net 10.84 mln vs 19.15 mln
+    Turnover 17.17 mln vs 25.94 mln
+    Other income 101.99 mln vs 125.18 mln
+    Shrs 65.13 mln vs same.
+    NOTE - Net is after tax 10.47 mln vs 7.27 mln, interest
+2.58 mln vs 9.55 mln, depreciation 5.06 mln vs 7.61 mln and
+minorities nil vs same. Other income: 72.39 mln from sale of
+investments (103.04 mln 1985), interest 25.75 mln (21.49 mln),
+and dividends 1.64 mln (nil). Co is 93.7 pct owned by &lt;Bell
+Resources Ltd>.
+    Note - All figures in U.S. Dollars as the company is
+registered in Bermuda.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14648" NEWID="9128">
+<DATE>25-MAR-1987 00:25:01.95</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0004&#31;reute
+f f BC-Bank-of-Japan-keeps-i   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bank of Japan keeps intervening to hold dollar above 149 yen, brokers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14649" NEWID="9129">
+<DATE>25-MAR-1987 00:33:03.37</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0005&#31;reute
+b f BC-JAPAN-INTERVENING-TO   03-25 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN INTERVENING TO KEEP DOLLAR UP, BROKERS</TITLE>
+<DATELINE>    TOKYO, Mar 25 - </DATELINE><BODY>The Bank of Japan is continuing to
+intervene in the Tokyo market, buying small amounts of dollars
+to hold the unit above 149 yen, brokers said.
+    They said the Bank is coming in when the dollar is around
+149.05/10 yen, the same levels as New York's close yesterday
+and the midday close in Tokyo today.
+    Dealers said the Bank of Japan is intervening in the market
+through both banks and brokers this afternoon.
+    The central bank is checking selling orders through banks
+and placing matching buy orders, they said.
+    The central bank started to intervene shortly after the
+market opened here in the afternoon, the dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14650" NEWID="9130">
+<DATE>25-MAR-1987 00:33:36.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0006&#31;reute
+b f BC-BELL-GROUP-ISSUING-20   03-25 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL GROUP ISSUING 200 MLN IN CONVERTIBLE BONDS</TITLE>
+<DATELINE>    PERTH, March 25 - </DATELINE><BODY>The Bell Group Ltd &lt;BLLA.S> said it will
+make two convertible bond issues totalling 200 mln dlrs.
+    An issue of about 125 mln in convertible bonds, to be
+quoted on the Luxembourg Stock Exchange, would be offered in
+Europe through a syndicate led by &lt;Banque Paribas Capital
+Markets Ltd>, &lt;Swiss Bank Corp International Ltd> and &lt;S.G.
+Warburg Securities>, Bell Group said in a statement.
+    Subject to shareholder approval, at a meeting on April 22,
+a further 75 mln dlrs in convertible bonds would be subscribed
+by Bell Group chairman Robert Holmes a Court, it said.
+    The funds would provide additional working capital.
+    The bonds, maturing 10 years from the date of issue, would
+carry a 10 pct per annum interest rate, payable annually in
+arrears, Bell Group said.
+    The bonds are convertible into ordinary shares of The Bell
+Group Ltd at any time, with the issue price a premium in the
+range of 20 to 25 pct above the market price of the ordinary
+shares at the date of issue of the bonds, it said.
+    The bonds also carry the right for the issuer to redeem
+them after two years if the share price is above 130 pct of the
+conversion price for more than 30 days. Bell Group made a
+similar 75 mln dlr bond issue in December 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14652" NEWID="9131">
+<DATE>25-MAR-1987 01:17:34.56</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0025&#31;reute
+f f BC-Current-exchange-rate   03-25 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Current exchange rates almost within levels agreed by major nations - Sumita
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14653" NEWID="9132">
+<DATE>25-MAR-1987 01:18:36.74</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0026&#31;reute
+f f BC-Sumita-says-major-nat   03-25 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Sumita says major nations cooperated to stabilise currencies.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14654" NEWID="9133">
+<DATE>25-MAR-1987 01:24:29.82</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0027&#31;reute
+u f BC-THAILAND'S-FOREIGN-RE   03-25 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAILAND'S FOREIGN RESERVES FALL IN FEBRUARY</TITLE>
+<DATELINE>    BANGKOK, March 25 - </DATELINE><BODY>Thailand's foreign reserves of gold,
+special drawing rights and convertible currencies fell to 3.86
+billion dlrs at end-February from 3.95 billion the previous
+month, but were above the 3.08 billion held at the same time
+last year, the Bank of Thailand said.
+    It said the reserves were equal to about five months' worth
+of imports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14655" NEWID="9134">
+<DATE>25-MAR-1987 01:27:53.76</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0028&#31;reute
+b f BC-EXCHANGE-RATES-ALMOST   03-25 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXCHANGE RATES ALMOST WITHIN G-6 LEVELS - SUMITA</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita
+said that current exchange rates are almost within the levels
+agreed to by six major nations last month in Paris.
+    Asked whether a dollar/yen rate of 148 or 149 reflected
+economic fundamentals, he said current rates almost reflect
+fundamentals.
+    Sumita told reporters major nations have cooperated to
+bring about currency stability in line with the Paris
+agreement, which stipulated that they would closely cooperate
+to that end. He repeated the central bank will intervene if
+necessary, adding he did not think a dollar free-fall was
+likely.
+    But Sumita said he could not say exactly what currency
+levels would be considered in line with underlying economic
+fundamentals.
+    In Paris on February 22, Britain, Canada, France, Japan,
+the U.S. And West Germany agreed to cooperate to hold
+currencies around their then current levels.
+    Sumita said he could not find any specific reasons behind
+the fall of the dollar to a record low against the yen
+yesterday. But he said the market rushed to sell dollars as it
+nervously reacted to statements abroad and to developments
+surrounding trade tensions.
+    U.S. Treasury Secretary James Baker said over the weekend
+that the Paris pact did not encompass fixed tragets for the
+dollar. U.S. Trade Representative Clayton Yeutter called
+U.S/Japan relations on certain key trade issues very strained.
+    The market reacted nervously because the dollar has been
+moving narrowly against the yen since mid-January, Sumita said.
+He added he does not expect the yen/dollar exchange rate to
+remain unstable because the market is concerned about a sharp
+rise of the yen.
+    The Bank of Japan will keep a close watch on exchange rates
+in line with the Paris accord, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14656" NEWID="9135">
+<DATE>25-MAR-1987 01:31:53.23</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0029&#31;reute
+u f BC-N.Z.-TRADE-SURPLUS-11   03-25 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. TRADE SURPLUS 119.1 MLN DLRS IN FEBRUARY</TITLE>
+<DATELINE>    WELLINGTON, March 25 - </DATELINE><BODY>Preliminary trade figures for
+February show an excess of exports over imports of 119.1 mln
+N.Z. Dlrs, a Statistics Department statement said.
+    This compares with a 3.3 mln dlr deficit (revised from 1.7
+mln) in January and a 36.1 mln dlr deficit in February 1986.
+    Exports rose to 998.4 mln dlrs, from 889.2 mln (revised
+from 889.5) in January and 903.2 in February 1986. Imports
+dropped to an estimated 879.4 mln dlrs from 892.5 (revised from
+891.2) in January and 939.3 in February 1986. The deficit for
+the eight months to the end of February was 15.3 mln dlrs, as
+against 1.057 billion dlrs in the same period a year ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14657" NEWID="9136">
+<DATE>25-MAR-1987 01:36:28.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0031&#31;reute
+b f BC-MATSUSHITA-TO-ISSUE-2   03-25 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MATSUSHITA TO ISSUE 200 BILLION YEN CONVERTIBLE</TITLE>
+<DATELINE>    OSAKA, March 25 - </DATELINE><BODY>Matsushita Electric Industrial Co Ltd
+&lt;MC.T> said it will issue a 200 billion yen unsecured
+convertible bond in the domestic capital market through public
+placement with Yamaichi Securities Co Ltd, Nomura Securities Co
+Ltd, Nikko Securities Co Ltd, Daiwa Securities Co Ltd and
+National Securities Co Ltd as underwriters.
+    Coupon and conversion price for the par-priced bond
+maturing on September 30, 1996, will be set before payment on
+May 2.
+    This issue equals in size a record one by Toyota Motor Corp
+last December.
+    Matsushita's shares closed on the Tokyo Stock Exchange at
+1,640 yen, down 50 from yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14658" NEWID="9137">
+<DATE>25-MAR-1987 01:52:35.22</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0043&#31;reute
+f f BC-Sumita-says-Bank-of-J   03-25 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Sumita says Bank of Japan has no intention of lowering its discount rate
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14659" NEWID="9138">
+<DATE>25-MAR-1987 02:05:14.76</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0048&#31;reute
+b f BC-JAPAN-DOES-NOT-INTEND   03-25 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DOES NOT INTEND TO CUT DISCOUNT RATE-SUMITA</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita
+said the central bank has no intention of cutting its discount
+rate again as a way of preventing the yen's rise.
+    He told a press conference that the growth of Japanese
+money supply remains high.
+    The bank will have to watch closely various developments
+resulting from its already eased monetary stance, such as the
+sharp rise in real estate and stock prices, he said.
+    Although the yen's rise will have a greater deflationary
+impact on the economy, the economy is not likely to slow down
+much further, Sumita said.
+    "I don't think we should change our economic outlook at the
+moment," Sumita said.
+    Sumita has said in the past that he expects the economy to
+show a gradual upturn in the second half of the year.
+    The governor said the six major industrial nations are
+expected to review last month's pact on currency stability when
+they meet next in April.
+    Dealers said they expect the six - Britain, Canada, France,
+Japan, the U.S. Amd West Germany - to meet just before the
+IMF/World Bank interim committee meeting in Washington starting
+on April 9.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14660" NEWID="9139">
+<DATE>25-MAR-1987 02:08:26.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0053&#31;reute
+u f BC-JARDINE-MATHESON-PROF   03-25 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JARDINE MATHESON PROFITS SEEN UP SHARPLY IN 1986</TITLE>
+<AUTHOR>    By Joshua So, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, March 25 - </DATELINE><BODY>A strong performance by its retail
+businesses and affiliates will enable Jardine Matheson Holdings
+Ltd &lt;JARD.HKG> to report on Friday a big leap in net profit in
+1986, stock analysts said.
+    They told Reuters they expect the firm to show earnings of
+between 420 mln and 450 mln H.K. Dlrs last year against 157 mln
+in 1985.
+    The analysts also said they expect Jardine Matheson to pay
+a total dividend of 15 to 20 cents a share against 10 cents a
+share in 1985.
+    James Capel (Far East) Ltd estimates Jardine Matheson's
+1986 profits at 450 mln dlrs and attributes most of the income
+to retail sales.
+    Analysts said the group's 7-Eleven retail stores and its
+franchises, among them Canon cameras, Christian Dior luxury
+goods and Mercedes Benz cars, produced a strong cash flow.
+    Alan Hargreaves of Hoare Govett Asia Ltd also put Jardine
+Matheson's 1986 net profits at 450 mln dlrs and said he
+estimates pre-tax earnings from retail operations at about 465
+mln dlrs against 339 mln in 1985.
+    But Hargreaves said Jardine Matheson's earnings from its 35
+pct stake in Hong Kong Land Co Ltd &lt;HKLD.HKG> will fall to
+about 230 mln dlrs from 281 mln dlrs in 1985.
+    The reduced contribution reflects the spin-off from Hong
+Kong Land of &lt;Dairy Farm International Ltd> last September.
+    Jardine gained a direct holding of 35 pct of Dairy Farm as
+a result of the spin-off. Analysts said Jardine will book
+revenues from its Dairy Farm stake for the final months of the
+year as part of its retail business, which will increase its
+overall retail income figures.
+    Analysts said Jardine Matheson will also enjoy sharply
+increased revenues from financial services, mainly its 50 pct
+share of &lt;Jardine Fleming Holdings Ltd>.
+    Jardine Fleming yesterday reported record profits for 1986
+of 209.5 mln dlrs against 104.7 mln in 1985.
+    Analysts said Jardine Matheson made net interest payments
+of about 200 mln dlrs last year, slightly below the 213 mln
+dlrs of 1985, while the company's term debt remained at about
+the 1985 level of 2.7 billion dlrs.
+    But Jardine was also subject to increased taxes of 340 mln
+dlrs last year against 292 mln in 1985, they said.
+    Jardine Matheson is undergoing a series of reorganisations
+that will in effect turn it into a holding company for its
+diverse interests.
+    It previously announced a plan to sell its stakes in both
+Hong Kong Land and Dairy Farm to newly created &lt;Jardine
+Strategic Holdings Ltd> in which it has a 41 pct interest.
+    A company statement issued last month said the firm will
+use the proceeds to repay all debt, leaving it with an
+additional 500 mln dlrs in cash on hand.
+    Though Jardine Matheson will be deprived of a direct stake
+in the high-yield Hong Kong Land and Dairy Farm units, it is
+likely to develop its own business, analysts said.
+    "The future of the stock will depend on the firm's ability
+to creatively structure some new acquisitions," said Hargreaves
+of Hoare Govett.
+    He noted the firm has suggested financial services as a key
+sector, and he said it may add some insurance firms to its
+existing business.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14661" NEWID="9140">
+<DATE>25-MAR-1987 02:24:00.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0069&#31;reute
+b f BC-HU-YAOBANG-APPEARS-AT   03-25 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HU YAOBANG APPEARS AT CHINA PARLIAMENTARY SESSION</TITLE>
+<DATELINE>    PEKING, March 25 - </DATELINE><BODY>Former Chinese Communist Party chief Hu
+Yaobang attended a parliamentary session in his first public
+appearance since his dismissal in January.
+    Hu took his place on the platform of the auditorium of
+Peking's Great Hall of the People as 3,000 delegates gathered
+for the opening meeting of the National People's Congress
+annual session.
+    Hu was dismissed from the top Communist Party job after
+being accused of "mistakes" including a failure to combat Western
+political ideas.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14662" NEWID="9141">
+<DATE>25-MAR-1987 02:34:14.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0080&#31;reute
+u f BC-FOREIGN-BROKERS-GET-M   03-25 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREIGN BROKERS GET MORE ACCESS TO JAPANESE BONDS</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>The Finance Ministry has accepted a
+decision by the securities industry to expand the share of
+foreign brokers in the 10-year bond underwriting syndicate to
+5.73 pct from 1.19 pct now, a ministry spokesman said.
+    Earlier this month, the ministry approved a plan to expand
+the securities industry's share in the syndicate to 26.2 pct
+from 26 pct from April to allow six foreign securities firms to
+participate, he said.
+    The banks' share in the syndicate will be cut to 73.8 pct
+from 74 pct from April.
+    Each of the original 17 foreign brokers had a 0.07 pct
+share, but the securities industry said in a report accepted by
+the ministry that it decided to raise the share of some foreign
+firms due to their commitment to the Japanese market.
+    Salomon Brothers Asia Ltd will have one pct, while S.G.
+Warburg and Co Ltd, Goldman, Sachs International Corp, Jardine
+Fleming (Securities) Ltd, First Boston Corp, Merrill Lynch
+Securities Co and Morgan Stanley and Co Inc will each have 0.5
+pct.
+    Vickers da Costa Ltd and Smith Barney, Harris Upham
+International Inc will each have 0.3 pct. Kleinwort, Benson
+Ltd, Kidder, Peabody and Co Ltd, Drexel Burnham Lambert Inc,
+Deutsche Bank AG and W.I. Carr, Sons and Co each get 0.1 pct.
+    Bache Securities (Japan) Ltd, Hoare Govett (Far East) Ltd
+and J. Henry Schroeder Bank and Trust Co and the six new
+syndicate members -- E.F. Hutton International Inc, Shearson
+Lehman Brothers Asia Inc, Dresdner Bank AG, Swiss Bank Corp
+International Asia Inc, Sogen Security Corp and Swiss Union
+Philips and Drew Ltd -- will each have a 0.07 pct share in the
+securities industry.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14663" NEWID="9142">
+<DATE>25-MAR-1987 02:41:03.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0084&#31;reute
+u f BC-CHINA'S-FIRST-JOINT-V   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA'S FIRST JOINT VENTURE BANK REPORTS PROFIT</TITLE>
+<DATELINE>    PEKING, March 25 - </DATELINE><BODY>China's first joint venture bank, Xiamen
+International Bank (XIB), reported a group net profit of about
+14 mln Hong Kong dlrs in 1986, the bank's first full year of
+operation.
+    General manager Liu Shuxun declined to give a 1987 profit
+forecast, saying targets were under study.
+    Assistant general manager Wang Hongshan said the group's
+outstanding loans at end-1986 totalled 620 mln Hong Kong dlrs,
+up from 530 mln at end-1985. Deposits and interbank borrowings
+rose to 680 mln dlrs from 550 mln, he told Reuters.
+    Liu said most of the group's profit came from the parent
+company rather than its two wholly-owned subsidiaries &lt;Xiamen
+International Finance Co Ltd> in Hong Kong and &lt;Luso
+International Bank Ltd> in Macao.
+    The joint venture bank began operating in September 1985
+but did not officially open until March 1986.
+    Liu said the share in the joint venture of the foreign
+partner, Hong Kong-listed &lt;Panin Holdings Ltd>, had been cut
+last year to 49 pct from 60 pct. This was done because foreign
+banks felt the XIB's reputation would be improved if the three
+Chinese partners collectively held a majority stake, he said.
+    Liu said news reports about problems concerning Panin were
+unfounded, but he did not elaborate. Panin Holdings reported a
+loss of 1.99 mln Hong Kong dlrs in 1986 after a net profit of
+268,000 dlrs in 1985.
+    The Chinese partners are Industrial and Commercial Bank of
+China, Fujian branch, whose share rose to 23.5 pct from 15,
+Fujian Investment and Enterprise Corporation 17.5 pct (15) and
+Xiamen Construction and Development Corporation 10 pct (10).
+    One foreign banker said Xiamen International Bank faced the
+same problems as foreign bank branches in trying to compete on
+unequal terms with state-owned banks.
+    The foreign banking market in Xiamen is thin and almost
+saturated, he added.
+    Officials of the joint venture bank said they benefitted
+from contacts made through its three Chinese partners. But the
+foreign banker, who asked not to be named, said it faced
+internal competition from the Industrial and Commercial Bank.
+    Apart from Xiamen International Bank and the International
+Agricultural Development Bank planned by the World Bank and the
+state-owned Agricultural Bank of China, Xiamen has eight
+foreign bank branches or representative offices, mostly of Hong
+Kong or overseas Chinese banks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14664" NEWID="9143">
+<DATE>25-MAR-1987 02:45:23.46</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0090&#31;reute
+u f BC-BANGLADESH'S-PAYMENTS   03-25 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH'S PAYMENTS DEFICIT NARROWS IN OCTOBER</TITLE>
+<DATELINE>    DHAKA, March 25 - </DATELINE><BODY>Bangladesh recorded an overall balance of
+payments deficit of 8.3 mln U.S. Dlrs in October against a
+10.33 mln deficit in September and a 6.67 mln surplus in
+October 1985, Central Bank officials said.
+    The country's current account deficit narrowed to 10.69 mln
+dlrs in October from 79 mln in September and 11.75 mln in
+October 1985.
+    The October trade deficit narrowed to 36.36 mln dlrs from
+160 mln in September and 83.79 mln in October 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14665" NEWID="9144">
+<DATE>25-MAR-1987 02:49:33.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C T
+&#22;&#22;&#1;f0094&#31;reute
+u f BC-PEKING-FACES-WATER-RA   03-25 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEKING FACES WATER RATIONING</TITLE>
+<DATELINE>    PEKING, March 25 - </DATELINE><BODY>Worsening drought conditions in Peking
+may force the authorities to ration water for industry and
+farming this summer, the New China news Agency said.
+    The agency quoted city officials as saying rainfall last
+year was 75 millimetres lower than in 1985, and its two main
+reservoirs are now only one-quarter full.
+    Peking's underground water level is 60 centimetres lower
+than last year, reducing daily supplies by 50,000 tons.
+    The officials said daily water supplies in urban Peking
+will fall 160,000 to 260,000 tons short of demand during the
+hottest days this summer.
+    They called for stricter control of water consumption and
+greater recycling of water, adding that there was no hope of
+alleviating the shortage until a new water mill starts up in
+one year's time.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14666" NEWID="9145">
+<DATE>25-MAR-1987 02:56:42.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0098&#31;reute
+u f BC-U.S.-CHINA-CIGARETTE   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S.-CHINA CIGARETTE FILTER JOINT VENTURE SET UP</TITLE>
+<DATELINE>    PEKING, March 25 - </DATELINE><BODY>Jiangsu Tobacco Corp and &lt;Celanese
+Fibres Operations Ltd> yesterday established China's first
+cigarette filter joint venture, the Nantong Cellulose Fibres
+Co, the China Daily said.
+    The joint venture factory, due to start operations in 1989,
+will be able to produce up to 10,000 tonnes of cellulose fibre
+annually, it said. Cellulose fibre is the main component of
+cigarette filters, which China has always imported.
+    It said Celanese Fibres owns 30.68 pct of the Jiangsu
+province-based joint venture which has a total investment of
+35.17 mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14667" NEWID="9146">
+<DATE>25-MAR-1987 02:57:33.40</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C
+&#22;&#22;&#1;f0099&#31;reute
+u f BC-TWO-JAPANESE-STEELMAK   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO JAPANESE STEELMAKERS TO CUT CAPITAL SPENDING</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>Nippon Steel Corp &lt;NSTC.TOK> said it will
+cut its capital spending by 36.4 pct to 105 billion yen in the
+year starting April 1 from a year earlier due to the
+postponement of furnace improvements.
+    &lt;Nisshin Steel Co Ltd> said it will spend 10.7 billion yen
+in 1987/88 for rationalisation and facility improvements, down
+from 32.1 billion a year earlier, after completion of large
+construction projects in 1986/87.
+    But capital spending by Nippon Kokan K.K. &lt;NKKT.TOK> to
+improve and increase its production facilities will rise to
+94.90 billion yen from 64 billion, the company said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14668" NEWID="9147">
+<DATE>25-MAR-1987 03:11:14.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0114&#31;reute
+u f BC-NISSAN-AFFILIATE-TO-A   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN AFFILIATE TO ACQUIRE U.S. AUTOPARTS MAKER</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>&lt;Kokusan Kinzoku Kogyo Co Ltd> (KKK), a
+Japanese autoparts maker owned 25 pct by Nissan Motor Co Ltd
+&lt;NSAN.T>, has exchanged a memorandum to acquire over 50 pct of
+U.S. Autoparts firm &lt;Master-Cast Co> to avoid losses on U.S.
+Sales caused by the yen's rise against the dollar, a KKK
+spokesman said.
+    The final agreement should be signed this year when KKK
+forms the new company &lt;Alfa K Technology>, he said.
+    The new firm should supply all the U.S. Major car makers,
+including Ford Motor Co &lt;F>, General Motor Corp &lt;GM> and
+Chrysler Corp &lt;C>, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14669" NEWID="9148">
+<DATE>25-MAR-1987 03:12:06.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0115&#31;reute
+f f BC-DUTCH-STATE-LAUNCHES   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DUTCH STATE LAUNCHES NEW EIGHT YEAR BULLET AT 6-1/4 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14670" NEWID="9149">
+<DATE>25-MAR-1987 03:13:24.82</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0116&#31;reute
+u f BC-YEN-MAY-RISE-TO-140-T   03-25 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEN MAY RISE TO 140 TO THE DOLLAR, NIKKEIREN SAYS</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>The yen could rise to 140 yen to the
+dollar, a leading Japanese businessman said.
+    Bumpei Otsuki, president of the influential Japan
+Federation of Employers' Associations, (Nikkeiren), told
+reporters: "The yen might rise as far as 140 (to the dollar).
+The U.S. Economy is not good, and as long as the U.S. Economy
+is not good, the U.S. Will put various pressures (on Japan)."
+    "The yen's level depends on the condition of the U.S.
+Economy rather than Japan's economy, and as long as the
+American situation is bad, the yen will continue to rise," he
+said.
+    To cope with the negative impact of the strong yen,
+Japanese enterprises must strive to cut costs by all means,
+including holding down wages as much as possible, Otsuki said.
+    He rejected recent calls from some government quarters for
+wage increases this year as a means of raising private
+consumption and thus boosting domestic demand.
+    "We have to keep wages as low as possible," he said.
+    He also said the yen's large and rapid rise is depressing
+the outlook for the Japanese economy, noting that in addition
+to hurting exporters it is also damaging domestic market
+manufacturers through cheap imports.
+    Parts of the service sector are also threatened, Otsuki
+said.
+    Tertiary industries provide services to manufacturers and a
+downturn in manufacturing profits will adversely affect service
+industries, he said.
+    It is also doubtful whether the tertiary sector can fully
+employ those put out of work in the manufacturing sector, he
+said.
+    Profits of service sector companies are likely to fall in
+the business year ending in March 1988, leading to a possible
+recession in the Japanese economy, he said.
+    Otsuki said economic growth is unlikely to pick up beyond
+levels experienced in 1986.
+    The government's Economic Planning Agency said last week
+the economy grew at 2.5 pct in 1986, the worst performance
+since 1974 when the economy shrank 1.4 pct due to the first oil
+price crisis.
+    In order to stimulate domestic demand and boost the
+economy, tax reforms aimed at bringing down the cost of land
+and reforming the nation's housing stock are needed, along with
+steps to bring down the high cost of commodities, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14671" NEWID="9150">
+<DATE>25-MAR-1987 03:18:18.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>sse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0125&#31;reute
+u f BC-SINGAPORE-SECURITIES   03-25 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE SECURITIES MARKET CONSIDERING CHANGES</TITLE>
+<DATELINE>    SINGAPORE, March 25 - </DATELINE><BODY>The Stock Exchange of Singapore Ltd
+is looking at a new settlement and clearing system and a
+corporate disclosure format that would make financial data more
+readily available, George Teo, deputy chairman of the exchange,
+said.
+    He told a conference organised by the Development Bank of
+Singapore Ltd that Singapore wants to develop the fixed rate
+securities market. He said a state securities market, along the
+same lines as the U.S. Government securities market, will be
+developed to provide a benchmark for corporate bonds.
+    Teo said the fixed rate securities market will pave the way
+for companies to raise fixed rate funds.
+    Referring to a proposed change in the broking commission
+structure, Teo said the exchange is likely to introduce a
+sliding scale structure instead of a negotiated commission
+structure. He said the negotiated structure works against small
+investors, who play an important role in the market.
+    The market capitalisation of the Stock Exchange of
+Singapore increased to 42 billion U.S. Dlrs in January 1987
+from 32 billion U.S. Dlrs in early 1986, he said.
+    Teo said the government has picked 15 companies to
+participate in a privatisation program which strives to create
+opportunities for investors through the sale of 380 mln dlrs
+worth of shares a year. It will try to increase alternative
+investment available to investors, he said.
+    He cautioned against problems in a more competitive
+securities market, adding that the possibility of insider
+trading is increased when securities dealing, corporate finance
+and investment advisory functions are conducted under one roof.
+But he said the future direction of Singapore's securities
+industry will be dictated by international trends.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14672" NEWID="9151">
+<DATE>25-MAR-1987 03:19:48.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0129&#31;reute
+b f BC-NEW-DUTCH-BULLET-STAT   03-25 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW DUTCH BULLET STATE LOAN AT 6-1/4 PCT DUE 1995</TITLE>
+<DATELINE>    AMSTERDAM, March 25 - </DATELINE><BODY>The Dutch Ministry of Finance plans a
+new fixed eight-year state loan at an unchanged 6-1/4 pct.
+    The amount and issue price will be set at tender next
+Tuesday, March 31. Payment is on May 1 and coupon date is May
+1.
+    No early redemption will be permitted.
+    The issue is the fourth for payment this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14673" NEWID="9152">
+<DATE>25-MAR-1987 03:30:42.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0138&#31;reute
+f f BC-BRUSSELS---Ferruzzi-s   03-25 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> BRUSSELS - Ferruzzi says it will pay 630 mln dlrs to CPC International for European mills.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14674" NEWID="9153">
+<DATE>25-MAR-1987 03:34:24.89</DATE>
+<TOPICS><D>coffee</D><D>tea</D><D>rubber</D></TOPICS>
+<PLACES><D>vietnam</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0141&#31;reute
+u f BC-VIETNAM-TO-RESETTLE-3   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIETNAM TO RESETTLE 300,000 ON STATE FARMS IN 1987</TITLE>
+<DATELINE>    BANGKOK, March 25 - </DATELINE><BODY>Vietnam will resettle 300,000 people on
+state farms known as new economic zones in 1987, to create jobs
+and grow more high-value export crops, the communist party
+newspaper Nhan Dan said.
+    Yesterday's edition, received here today, said Vietnam
+would invest one billion dong, including the costs of
+relocation, in 272 new economic zones. About one third of that
+sum would be spent on export crops such as coffee, tea, rubber
+and pepper in the Central Highlands, it said.
+    Since 1975, Vietnam has resettled about three million
+people from cities and crowded river deltas to the zones.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14675" NEWID="9154">
+<DATE>25-MAR-1987 03:35:25.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>uk</D><D>west-germany</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0143&#31;reute
+u f BC-EC-MINISTERS-FAIL-TO   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS FAIL TO END DEADLOCK ON RESEARCH PLAN</TITLE>
+<AUTHOR>    By Paul Mylrea, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, March 25 - </DATELINE><BODY>The European Community (EC) has failed
+to agree on a high-technology research program because of
+opposition from Britain and West Germany, diplomats said.
+    But Belgian Research Minister Guy Verhofstadt told
+reporters the two had been given just over a week to end their
+opposition or risk plunging EC research into a crisis.
+    The so-called "Framework Program" proposed by the EC's
+Executive Commission was designed to boost research in areas
+such as computers, biotechnology and telecommunications and
+combat U.S. And Japanese domination in these fields.
+    The five-year program was due to start at the beginning of
+this year, but was delayed by calls from Britain, France and
+West Germany for cuts in the proposed budget of 7.7 billion
+European Currency Units (Ecus), diplomats said.
+    The EC Commission had already cut the budget from 10.5
+billion Ecus, but under EC law the program needs the approval
+of all member states before it can be launched.
+    France has withdrawn its objections and backed a new
+compromise budget proposed by Verhofstadt to trim spending.
+    But Britain is continuing its demands for further, sharp
+cuts in the budget.
+    West Germany, which yesterday appeared to be ready to
+accept the compromise, was also holding back.
+    Verhofstadt, who chaired the lengthy meeting, said he had
+given the two states until April 3 to withdraw their
+opposition.
+    But if one or both failed to do so, the EC would be left
+without a research program, leaving no money for schemes such
+as the EC's Esprit information technology drive.
+    "If that happened ... There would be a grave crisis in
+Europe's scientific and research policy," Verhofstadt said,
+adding it could mean research teams being disbanded.
+    Diplomats said West Germany was close to agreeing to the
+compromise, which would limit new spending to 5.4 billion Ecus
+by allowing for cash already set aside for future projects.
+    The plan would also set aside at least 16 pct of the 5.4
+billion Ecus for spending after the end of the five-year
+program, they said. But Britain still maintained the
+allocations were much too high.
+    Britain's Research Minister Geoffrey Pattie faced a tough
+fight to convince his government colleagues they should accept
+an increase in spending beyond the 4.2 billion Ecu level so far
+demanded by Britain, one diplomat added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14676" NEWID="9155">
+<DATE>25-MAR-1987 03:41:43.67</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>madagascar</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0157&#31;reute
+u f BC-MADAGASCAR-EXTENDS-AM   03-25 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MADAGASCAR EXTENDS AMOCO OIL EXPLORATION AGREEMENT</TITLE>
+<DATELINE>    ANTANANARIVO, March 25 - </DATELINE><BODY>Madagascar extended its oil
+exploration agreement with the U.S. Firm Amoco Corp &lt;AN> for 17
+months to allow for further studies of the Morondava basin on
+the southwest coast, a government statement said.
+    It said the existing five-year agreement, due to expire
+this July 24, was extended until the end of 1988 to allow for
+additional geological and geophysical studies.
+    Amoco has so far laid 7,100 km of seismic lines and sunk
+five exploration wells in the Morondava basin. It may drill a
+further three wells before the end of the extended exploration
+period, the statement said.
+    Madagascar has signed oil exploration agreements with four
+foreign oil companies since 1981. But despite promising
+indications of large reserves, no commercial production plans
+have yet been announced.
+    The foreign firms - Amoco, Occidental Petroleum Corp &lt;OXY>,
+Mobil Corp &lt;MOB> and a unit of &lt;Ente Nazionale Idrocarburi> -
+are working in partnership with the National Military Office
+for Strategic Industries (OMNIS).
+    Roland Ratsimandresy, the director general of OMNIS, said
+at a ceremenony to sign the extension of the Amoco agreement
+that his department would intensify oil exploration with its
+existing partners and would soon offer a new round of
+exploration licences.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14677" NEWID="9156">
+<DATE>25-MAR-1987 03:43:18.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F C G T
+&#22;&#22;&#1;f0161&#31;reute
+b f BC-FERRUZZI-DEAL-WITH-CP   03-25 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERRUZZI DEAL WITH CPC WORTH 630 MLN DLRS</TITLE>
+<DATELINE>    BRUSSELS, March 25 - </DATELINE><BODY>The Ferruzzi Group's holding company
+Agricola Finanziara SpA will pay 630 mln dlrs for the European
+corn wet milling business of CPC International Inc under the
+agreement reached in principle between the two companies, a
+statement by Ferruzzi released by its Brussels office said.
+    When CPC announced the agreement yesterday in New York, it
+said only that the price would be in excess of 600 mln dlrs.
+    Ferruzzi said the deal is subject to agreement on several
+clauses of the contract and needs government authorisations.
+    It said the deal would involve 13 starch factories
+employing about 5,000 people in eight European Community
+countries plus facilities and commercial operations in other EC
+states.
+    The factories have a capacity to produce the equivalent of
+1.6 mln tonnes of starch in starch and by-products a year, or
+about one third of EC production, from about 2.7 mln tonnes of
+cereals.
+    Ferruzzi said the acquisition of these assets would extend
+its presence in the European agro-industrial industry both
+geographically and in terms of products.
+    It said it is already the principal EC producer of sugar
+and of soya oil and cake, and the major cereal trader.
+    It noted that EC output of isoglucose is subject to maximum
+quotas, of which CPC currently holds a 25 pct share, and said
+it foresaw an increase in other industrial uses of starch in
+the future, notably in the production of ethanol for fuel.
+    Raul Gardini, president of the Ferruzzi Group, said the
+present management of the CPC milling business will be asked to
+remain in their posts.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14678" NEWID="9157">
+<DATE>25-MAR-1987 03:50:41.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0171&#31;reute
+u f BC-AIRLINES-CAN-INCREASE   03-25 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRLINES CAN INCREASE HONG KONG/MANILA FLIGHTS</TITLE>
+<DATELINE>    MANILA, March 25 - </DATELINE><BODY>State-owned Philippine Airlines Ltd
+(PAL) said it has agreed with Cathay Pacific Airways Ltd
+&lt;CAPH.HKG> to an increase in seat allocations on the busy
+Manila-Hong Kong route.
+    A spokesman told Reuters a memorandum of understanding
+would be signed later this week between the British and
+Philippine governments to allow the current total of 32 flights
+a week to be increased. "There are no immediate plans for more
+flights but it gives us flexibility," he said.
+    PAL said an agreement reached with British Airways would
+allow each carrier to keep three London-Manila flights weekly.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14679" NEWID="9158">
+<DATE>25-MAR-1987 04:00:43.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0178&#31;reute
+b f BC-SWIRE-PACIFIC-LTD-&lt;SW   03-25 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWIRE PACIFIC LTD &lt;SWPC.HKG> YEAR 1986</TITLE>
+<DATELINE>    HONG KONG, March 25 -
+    </DATELINE><BODY>Shr "A" 138.9 H.K. Cents vs 97.4 (adjusted)
+    Shr "B" 27.8 cents vs 19.5
+    Final div "A" 44 cents vs 32.3, making 62 vs 47 (adjusted)
+    Final div "B" 8.8 cents vs 6.5, making 12.4 vs 9.4
+    Net 1.78 billion dlrs vs 1.23 billion
+    Turnover 16.6 billion vs 13.7 billion
+    Note - Net profits excluded extraordinary gains of 1.38
+billion dlrs vs 59.1 mln. The non-recurrent earnings mainly
+derived from the firm's sale of a 15.75 pct stake in Cathay
+Pacific Airways Ltd &lt;CAPH.HKG> in April.
+    Note - Earnings per share and dividends have been adjusted
+for the firm's two-for-one bonus issue made in April.
+    Note - Bonus issue one-for-five for both "A" and "B" shares
+against two-for-one.
+    Note - Dividends payable June 2, books close April 16 to
+24.
+    Note - Net asset value per "A" share 6.94 dlrs vs 4.81 and
+per "B" share 1.39 dlrs vs 0.96.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14680" NEWID="9159">
+<DATE>25-MAR-1987 04:05:39.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0181&#31;reute
+f f BC-BAT-Industries-1986-p   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BAT Industries 1986 pretax profit 1.39 billion stg vs 1.17 billion
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14681" NEWID="9160">
+<DATE>25-MAR-1987 04:11:21.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0186&#31;reute
+b f BC-BAT-INDUSTRIES-PLC-&lt;B   03-25 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAT INDUSTRIES PLC &lt;BTI.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 25 -
+    </DATELINE><BODY>Shr 53.51p vs 45.72p
+    Div 8.8p vs 7.35p making 14.3p vs 12.1p
+    Turnover 19.17 billion stg vs 17.05 billion
+    Operating profit 1.48 billion vs 1.29 billion
+    Pretax profit 1.39 billion vs 1.17 billion
+    Tax 524 mln vs 430 mln
+    NOTE - The company said shareholders would be given the
+option of receiving dividend in cash, ordinary shares or
+combination of the two.
+    Operating profit includes -
+    Commercial activities 1.08 billion vs 988 mln
+    Financial services 263 mln vs 135 mln
+    Share of associated companies 139 mln vs 163 mln
+    Investment income 150 mln vs 166 mln
+    Interest paid 238 mln vs 286 mln
+    Minorities 76 mln vs 63 mln
+    Extraordinary credit 75 mln vs 34 mln debit
+    Transfer to revaluation reserve 85 mln vs 106 mln
+    Profit attributable 793 mln vs 673 mln
+    Required inflation retention 77 mln vs 147 mln
+    Trading profit 1.51 billion vs 1.29 billion
+    Trading profit includes -
+    Tobacco 764 mln vs 738 mln
+    Retailing 211 mln vs 186 mln
+    Paper 217 mln vs 168 mln
+    Financial services 282 mln vs 135 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14682" NEWID="9161">
+<DATE>25-MAR-1987 04:20:23.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0199&#31;reute
+u f BC-SWIRE-PLANS-BONUS-ISS   03-25 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWIRE PLANS BONUS ISSUE ON HIGHER 1986 PROFITS</TITLE>
+<DATELINE>    HONG KONG, March 25 - </DATELINE><BODY>Swire Pacific Ltd &lt;SWPC.HKG> said it
+plans for a one-for-five bonus issue for both its "A" and "B"
+shares following an earlier report of a 44.7 pct jump in 1986
+net profits to 1.78 billion H.K. Dlrs.
+    The company also announced final dividends of 44 cents per
+"A" share and 8.8 cents per "B" share against 32.3 and 6.5 cents a
+year ago.
+    It recorded extraordinary gains of 1.38 billion dlrs which
+mainly derived from the sale in April of a 15.75 pct stake in
+Cathay Pacific Airways Ltd &lt;CAPH.HKG> in line with the
+floatation of the airline.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14683" NEWID="9162">
+<DATE>25-MAR-1987 04:26:13.50</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0212&#31;reute
+f f BC-Japan-Trade-Ministry   03-25 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan Trade Ministry asks trade houses, exporters to reduce dlr sales, sources
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14684" NEWID="9163">
+<DATE>25-MAR-1987 04:29:11.28</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0214&#31;reute
+u f BC-SRI-LANKAN-GOVERNMENT   03-25 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKAN GOVERNMENT TO STOP IMPORTING SUGAR</TITLE>
+<DATELINE>    COLOMBO, March 25 - </DATELINE><BODY>The Food Department will no longer
+import sugar from April 1, senior officials of the Food and
+Cooperatives Ministry and the Department told Reuters.
+    They said the decision was taken after the Sugar Importers
+Association asked that the sugar trade be further liberalised.
+    "The Food Department will cease trading in sugar and will no
+longer hold a buffer stock," a senior official said.
+    He said the government has finalised an agreement with
+E.D.F.Man (Sugar) Ltd under which E.D.F.Man will hold a buffer
+stock on the government's behalf of 20,000 tonnes, against the
+45,000 tonne buffer stock usually held by the Department.
+    Officials said the size of the buffer stock has been
+reduced because the private sector will hold its own stocks.
+    The agreement with E.D.F. Man includes details such as
+trigger pricing mechanisms, they said.
+    Four months ago the Department allowed the private sector
+to import sugar without government clearance. The Department
+and the private sector each imported around 115,000 tonnes of
+sugar last year, when national consumption was 280,000 tonnes.
+    An Importers Association official said that "even if the
+Department no longer imports sugar, we would not necessarily
+buy more."
+    This is because the Association would still have to compete
+with the Cooperatives Wholesale Establishment (CWE), he said.
+    The CWE is a semi-government body and the official said
+arrangements are being made for state cooperatives and holders
+of food subsidy stamps to draw their sugar from it, starting
+April 1.
+    Ministry officials said the CWE can either import sugar or
+buy it from a local bonded warehousing scheme run by E.D.F. For
+the past two years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14685" NEWID="9164">
+<DATE>25-MAR-1987 04:32:32.36</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0219&#31;reute
+r f BC-NEW-DUTCH-SPECIAL-ADV   03-25 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW DUTCH SPECIAL ADVANCES TOTAL 4.2 BILLION</TITLE>
+<DATELINE>    AMSTERDAM, March 25 - </DATELINE><BODY>The Dutch Central Bank said it
+allocated 4.183 billion guilders at tender for the new 5.3 pct,
+nine-day special advances.
+    Bids were fully met for the first 200 mln guilders and for
+40 pct above.
+    The new advances for the period March 25 to April 4,
+replace current 5.3 pct, five day advances totalling 4.003
+billion guilders which expire today.
+    Money brokers said yesterday they expected the Bank to
+allocate about 3.5 billion guilders.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14686" NEWID="9165">
+<DATE>25-MAR-1987 04:35:12.91</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0225&#31;reute
+r f BC-DANISH-FEBRUARY-CONSU   03-25 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH FEBRUARY CONSUMER PRICES FALL 0.1 PCT</TITLE>
+<DATELINE>    COPENHAGEN, March 25 - </DATELINE><BODY>Consumer prices fell 0.1 pct in
+February, after a rise of 0.2 pct in January and no change in
+February 1986, the National Statistics Office said.
+    The index, base 1980, fell to 154.5 in February from 154.6
+in January, against 147.4 in February 1986, giving a
+year-on-year increase of 4.8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14687" NEWID="9166">
+<DATE>25-MAR-1987 04:39:07.53</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0232&#31;reute
+b f BC-JAPAN-ASKS-TRADERS,-E   03-25 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ASKS TRADERS, EXPORTERS TO CUT DOLLAR SALES</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>The Ministry of International Trade and
+Industry (MITI) has asked about 30 Japanese trading houses and
+exporters to refrain from excessive dollar selling, trading
+house officials said.
+    The officials told Reuters MITI asked them to moderate
+their foreign exchange trading because the excessive rise in
+the yen will have unfavourable effects on the economy. It made
+the request by telephone.
+    A MITI official said the ministry has conducted a survey of
+foreign exchange trading by trade houses and exporters. But he
+said it was not aimed at moderating dollar selling.
+    The trading house officials said MITI had asked them to
+undertake foreign exchange transactions with due consideration
+to the adverse effects excessive exchange rate movements would
+have on the economy.
+    The MITI official said MITI undertakes such surveys when
+exchange rates fluctuate widely. A similiar survey was made
+when the currency fell to the previous record low of 149.98 on
+January 19. It hit a new record low of 148.20 yen yesterday.
+    He said the survey showed currency transactions by trade
+houses and exporters contributed little to the dollar fall.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14688" NEWID="9167">
+<DATE>25-MAR-1987 04:40:19.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0236&#31;reute
+b f BC-BANK-OF-JAPAN-TO-SELL   03-25 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 300 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>The Bank of Japan will sell 300 billion
+yen of government financing bills tomorrow under a 29-day
+repurchase accord maturing April 24 to soak up a projected
+money market surplus, market sources said.
+    The surplus is estimated at 350 billion yen, due mainly to
+excess bank holdings of yen funds after heavy dollar purchases
+in the foreign exchange market yesterday, money traders said.
+    The yield on the bills for sales to banks and securities
+houses from money houses will be 3.9495 pct against the 3.9375
+pct discount rate for one-month commercial bills and the
+4.58/42 pct yield on one-month certificates of deposit today.
+    The operation will put the outstanding bill supply at about
+1,900 billion yen, money traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14689" NEWID="9168">
+<DATE>25-MAR-1987 04:47:50.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0247&#31;reute
+b f BC-ABBEY-NATIONAL-HAS-ON   03-25 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABBEY NATIONAL HAS ONE BILLION DLR EURO CD PACT</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Abbey National, the second largest
+building society in the U.K., Said it has arranged a one
+billion dlr euro-certificate of deposit program.
+    It said this is the largest such program to date for a
+building society and the first to be denominated in U.S.
+Dollars.
+    Citicorp Investment Bank Ltd is lead manager and arranger
+for the program and will act as a dealer, along with Shearson
+Lehman Brothers International, Swiss Bank Corp International
+Ltd and S.G. Warburg and Co Ltd.
+    Abbey National has been very active in the international
+capital markets ever since building societies were permitted by
+law to tap the wholesale markets.
+    The building society's general manager, finance, James
+Tyrrell, said in a statement the program is part of Abbey's
+strategy of spreading its funding option from what has recently
+been medium/long term into shorter term instruments.
+    He said this also widens Abbey's investor base.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14690" NEWID="9169">
+<DATE>25-MAR-1987 05:00:43.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0266&#31;reute
+u f BC-ENSERCH-ISSUES-100-ML   03-25 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENSERCH ISSUES 100 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Enserch Inc is issuing 100 mln dlrs of
+convertible debt due October 4, 2002 carrying an indicated
+coupon of six to 6-3/8 pct and priced at par, Salomon Brothers
+International said as lead manager.
+    Enserch's stock closed at 22-1/2 last night on the New York
+Stock Exchange. The conversion premium is indicated to be 20 to
+23 pct. The securities are non-callable for three years.
+    There is a 1-1/2 pct selling concession and two pct
+combined management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14691" NEWID="9170">
+<DATE>25-MAR-1987 05:00:56.31</DATE>
+<TOPICS><D>money-fx</D><D>saudriyal</D></TOPICS>
+<PLACES><D>bahrain</D><D>uk</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0267&#31;reute
+r f BC-MIDDLE-EAST-CURRENCY   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDDLE EAST CURRENCY MARKET SEES KEY CHANGES</TITLE>
+<AUTHOR>    By Stephen Jukes, Reuters</AUTHOR>
+<DATELINE>    BAHRAIN, March 25 - </DATELINE><BODY>Middle East currency dealers meet in
+Abu Dhabi this weekend at a time of fundamental change in their
+business, which has seen a growing volume of trade shift from
+the Arab world to London.
+    The 14th congress of the Inter-Arab Cambiste Association
+also comes at a time when the prospect of a unified Gulf
+currency system is more real that at any time this decade.
+    Foreign exchange traders and bank treasurers said these
+issues, and the slide of the Lebanese pound, can be expected to
+be major talking points.
+    About 250 traders and treasurers from some 115 banks --
+including some in London and other major non-Arab financial
+centres -- are expected to attend the conference which begins
+on on Saturday.
+    Bankers said it is hard to avoid the impression that a
+growing proportion of transactions in the Saudi riyal market,
+by far the largest in the region, is being carried out in
+London.
+    The market had been dominated by Saudi Arabia's 11 banks,
+foreign exchange houses in the Kingdom and offshore banks in
+Bahrain. But bankers said more and more Saudi and Bahrain-based
+banks are boosting their treasury operations in London.
+    As recession hit the Middle East and the need for trade
+finance in the region declined, many offshore banks in Bahrain
+ran down their currency operations. None of the four major U.K.
+Clearing banks now has a dealing room on the island.
+    The two major Bahrain-based international banks, &lt;Arab
+Banking Corp> and &lt;Gulf International Bank BSC> have increased
+their presence in London and Saudi banks are busy upgrading
+representative offices to branch status to allow dealing.
+    One economist said: "It is cheaper to run a riyal book in
+London than staff an expensive offshore operation in Bahrain...
+There is now the nucleus of a two-way market in London."
+    Jeddah-based &lt;Riyad Bank> set up as a licensed deposit
+taker in London in 1984, while its main rival in Saudi Arabia,
+&lt;National Commercial Bank> (NCB) won a licence in November
+1986.
+    The major market maker has traditionally been London-based
+consortium bank &lt;Saudi International Bank> but the kingdom
+joint-venture &lt;Saudi American Bank> (SAMBA) also upgraded its
+London operation to deposit taker status in mid-February.
+    One senior currency trader in Riyadh said: "Inevitably the
+volume of business in London has gained pace with the two new
+licences for NCB and SAMBA, but there is no question that most
+of the liquidity still rests in Saudi Arabia."
+    Currency traders said the shift to London in the Saudi
+riyal market is difficult to quantify.
+    Bahrain Monetary Agency figures show regional currency
+deposits held by offshore banks, most in Saudi riyals, dropped
+to the equivalent of 12.2 billion dlrs at end-September 1986
+from 13.4 billion at end-1985 and a 1983 peak of 15.0 billion.
+    The shift has prompted changes in dealing habits. Riyal
+trading in the Gulf on Saturdays and Sundays has become very
+quiet with London closed while some Saudi and Bahrain banks now
+staff offices on Friday, the Gulf weekend. Traders also expect
+&lt;Arab National Bank> to step up London operations.
+    Traders say it is difficult to foresee the riyal market
+moving completely out of the region, partly because of local
+demand and partly because of what is seen as the Saudi Arabian
+Monetary Agency's (SAMA) desire to moderate
+internationalisation of the riyal and protect it from undue
+speculation.
+    There have been far fewer signs of the Kuwaiti dinar market
+shifting from its natural base of Kuwait and trading in Bahrain
+and London is still limited.
+    But for the first time since the formation of the six
+nation Gulf Cooperation Council (GCC) in 1981 there are signs
+that a much mooted currency union could come into force soon.
+    Currency traders said it remains unclear what form a final
+currency union would take for the six states -- Saudi Arabia,
+Kuwait, Bahrain, Oman, Qatar and the United Arab Emirates.
+    But plans to link the six currencies in a European Monetary
+System style with a common peg have been discussed at high
+level and could be a topic on the GCC's annual summit expected
+to be held in Saudi Arabia late in the year.
+    One dealer said: "A lot of exposure is being given to
+discussions and plans appear to be quite advanced. But in the
+end a political decision has to be taken to give the go-ahead."
+    One open question is that of a common peg for currencies.
+    The idea of linking the six currencies has been debated
+since the start of the GCC. The Kuwaiti dinar is currently
+linked to a basket of currencies while the other five
+currencies are either officially or in practice linked to the
+U.S. Dollar.
+    Some traders said a currency union could mean speculation
+against the Saudi riyal rubbing off on other Gulf currencies,
+but plans call for a permitted divergence in the system of
+7-1/4 pct, large enough to avoid sudden strains.
+    Another topic for debate is expected to be the continued
+slide of the Lebanese pound against the dollar and the
+undermining of the effective capital base of Lebanese banks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14692" NEWID="9171">
+<DATE>25-MAR-1987 05:02:55.15</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0270&#31;reute
+u f BC-BELGOLUX-TRADE-SWINGS   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGOLUX TRADE SWINGS INTO JANUARY DEFICIT</TITLE>
+<DATELINE>    BRUSSELS, March 25 - </DATELINE><BODY>The Belgo-Luxembourg Economic Union
+recorded a provisional trade deficit of 9.45 billion francs in
+January after a December surplus of 15.32 billion francs,
+revised upwards from a provisional surplus of 11.94 billion,
+the National Statistics Office said.
+    In January 1986, the union recorded a deficit of 23.31
+billion francs.
+    January imports fell to a provisional 228.86 billion francs
+from 240.24 billion in December and 281.65 billion a year
+earlier, but exports were also lower, at 219.41 billion francs
+against 255.56 billion and 258.34 billion respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14693" NEWID="9172">
+<DATE>25-MAR-1987 05:05:15.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0274&#31;reute
+u f BC-GUINNESS-SEEKS-U.K.-I   03-25 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUINNESS SEEKS U.K. INJUNCTION AGAINST SAUNDERS</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Guinness Plc &lt;GUIN.L> will seek an
+injunction in the U.K. High Court today to freeze the assets of
+former Chairman Ernest Saunders in its attempts to recover 5.2
+mln stg paid to a Jersey company as part of the company's
+takeover battle for &lt;Distillers Co Plc>, a spokesman said.
+    He said the court move aimed to freeze Saunders' assets up
+to the value of the sum it wanted to recover. It was uncertain
+whether the court would reach any decision on the request
+today. Guinness said last week it planned to take legal action
+to recover the funds, paid to non-executive director Thomas
+Ward via the Jersey company.
+    Lawyers representing Ward have said he saw the funds as his
+reward for services performed during the takeover of
+Distillers.
+    Guinness is also planning a resolution at the annual
+meeting in May to remove both Saunders and Ward from the
+company's board.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14694" NEWID="9173">
+<DATE>25-MAR-1987 05:06:54.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0279&#31;reute
+u f BC-CITIBANK-LAUNCHES-CUR   03-25 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIBANK LAUNCHES CURRENCY WARRANTS</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Citibank NA is issuing up to 50,000
+currency warrants which give the holder a call right on U.S.
+Dollars from marks or yen, Citicorp Investment Bank Ltd said as
+sole manager.
+    Each warrant, priced at 47.50 dlrs, gives the holder the
+right to purchase a nominal sum of 500 dlrs for either 182.50
+marks or 149.50 yen between March 31, 1987 and March 31, 1989.
+    The warrants will be listed in Luxembourg and pay date is
+March 31. Exercise, requiring one day's notice, must be for a
+minimum of 100 warrants through one currency only.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14695" NEWID="9174">
+<DATE>25-MAR-1987 05:07:54.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-MALAYSIA'S-FOREIGN-BO   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA'S FOREIGN BORROWING HELD AT 1986 LEVEL</TITLE>
+<DATELINE>    SINGAPORE, March 25 - </DATELINE><BODY>Malaysia's net external borrowings
+for 1987 are expected to be maintained at around last year's
+levels of about 1.45 billion ringgit, Zain Azraai, secretary
+general to the Finance Ministry, told an investment seminar
+here.
+    Malaysia's debt service ratio will also be maintained at "a
+level no higher than 20 pct," he said. "This is well within the
+capacity of the nation to service."
+    Azraai said the 1986 foreign borrowing level and projected
+estimates of 1987 compared favourably with the peak of around
+5.5 billion ringgit in 1982.
+    Malaysia's external debts total 48 to 49 billion ringgit
+and its debt service ratio exceeds 20 pct, the Development Bank
+of Singapore Ltd, one of Singapore's four major local banks,
+said in a report released this week.
+    Azraai said: "While the growth in debt has been rapid in
+recent years, it is still within the limits of prudence and
+conscious efforts have been made and will continue to be made
+to decelerate and restrain external borrowings."
+    He said the Malaysian government is urgently addressing the
+twin deficits of the Federal Budget and the balance of payments
+which followed two recessions in the 1980s.
+    Azraai said Malaysia's public sector deficit had risen due
+to the contraction in the government's resources as well as the
+rapid growth in public expenditures.
+    With declining incomes and export earnings, the bases for
+resource generation became limited, and the government will not
+raise taxes because current tax margins are high compared to
+Malaysia's neighbours, he said.
+    "As such the remaining avenue for rationalising and
+consolidating the budget is through expenditure reductions," he
+said.
+    Azraai said the Malaysian government's development
+expenditures were cut by about 25 pct in 1987, while those of
+state enterprises were reduced by 41 pct.
+    He said: "A commitment has been undertaken to reduce the
+budget deficit over time and to balance the Federal
+government's budget current account deficit by 1989."
+    Malaysian Finance Minister Daim Zainuddin presented a
+budget for 1987 which foresees a deficit of 9.4 billion
+ringgit, down from 11.6 billion in 1986, with federal spending
+targetted at 27.4 billion, down from 30.8 billion, and revenue
+at 18 billion against 19.2 billion.
+    Azraai said the government will cut the size of the public
+sector and privatize those operations which may be better run
+by the private sector. New measures have been introduced to
+boost the private sector and attract foreign investment.
+    A higher proportion of foreign ownership, even up to 100
+pct, is now possible for new investments in the manufacturing
+sector made between October 1986 and December 1990, he said.
+    "The long term prospects of the Malaysian economy are bright
+... Indications are already available to show that the economy
+is recovering and that growth will be positive and stronger
+than originally expected," Azraai said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14696" NEWID="9175">
+<DATE>25-MAR-1987 05:09:22.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0293&#31;reute
+u f BC-BASF-U.S.-PROFIT,TURN   03-25 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASF U.S. PROFIT,TURNOVER BOOSTED BY ACQUISITIONS</TITLE>
+<DATELINE>    LUDWIGSHAFEN, West Germany, March 25 - </DATELINE><BODY>BASF AG &lt;BASF.F>
+said net profit of its U.S. Operating company, BASF Corp, rose
+last calendar year to 105 mln dlrs from 39 mln in 1985.
+    Turnover rose by by more than one billion dlrs to 3.6
+billion, the parent company said in a statement. The rise,
+however, partly reflected the inclusion of the first full
+business year of three acquisitions made in 1985. Excluding
+these, BASF Corp turnover rose four pct from 1985.
+    Acquisitions were the high-performance connecting materials
+operations of Celanese Corp, Inmont Corp bought from United
+Technologies and American Enka bought from AKZO NV &lt;AKZO.AS>.
+    BASF said it expected a U.S. Investment of 240 mln dlrs in
+1987, part of a five-year programme totalling one billion.
+    U.S. Projects completed in 1986 included the second acrylic
+acid plant in Freeport, Texas, a technical centre in
+Southfield, Michigan, in which paint lines from automotive
+plants can be refitted, and the new agricultural research
+centre in Research Triangle Park in Durham, North Carolina.
+    BASF said that work this year had begun in Geismar,
+Louisiana, on plants for production of special amines and
+polytetrahydrofuran, as well as for expansion of capacity for
+producing tetrahydrofuran.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14697" NEWID="9176">
+<DATE>25-MAR-1987 05:13:52.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0306&#31;reute
+u f BC-SWISS-BANK-NET-FOREIG   03-25 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS BANK NET FOREIGN ASSESTS UP IN 4TH QUARTER</TITLE>
+<DATELINE>    ZURICH, March 25 - </DATELINE><BODY>Net foreign assets of Swiss banks rose
+by 3.5 billion Swiss francs to 71.2 billion francs in the
+fourth quarter of 1986, due to increased interbank business and
+purchases of foreign securities, the Swiss National Bank said.
+    Assets rose 5.3 billion to 205.0 billion while liabilities
+climbed 1.8 billion to 133.8 billion. For 1986 as a whole,
+assets rose by 11.9 billion and liabilities by 3.0 billion.
+    The level of fiduciary funds invested abroad rose by 3.2
+billion to 223.0 billion, the first rise since the third
+quarter of 1985. Funds invested in such accounts from abroad
+were up by 3.2 billion to 180.7 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14698" NEWID="9177">
+<DATE>25-MAR-1987 05:14:21.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0307&#31;reute
+b f BC-BICC-PLC-&lt;BICC.L>-198   03-25 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BICC PLC &lt;BICC.L> 1986 YEAR</TITLE>
+<DATELINE>    LONDON, March 25 -
+    </DATELINE><BODY>Shr 22.7p vs 20.3p.
+    Final div 8.25p, making 11.75p vs 11p.
+    Pre-tax profit 101 mln stg vs 92 mln.
+    Attributable profit 45 mln vs 39 mln.
+    Turnover 2.14 billion stg vs 2.11 billion.
+ MORE
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14699" NEWID="9178">
+<DATE>25-MAR-1987 05:15:27.75</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0309&#31;reute
+u f BC-TAIWAN-MONEY-SUPPLY-R   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN MONEY SUPPLY RISES 48.22 PCT IN YEAR</TITLE>
+<DATELINE>    TAIPEI, March 25 - </DATELINE><BODY>Taiwan's M-1B money supply rose a
+seasonally adjusted 48.22 pct in the year to end-February,
+after rising 54.96 pct in the year to January, a central bank
+spokesman said.
+    Month on month, M1-B fell 5.19 pct from January.
+    Unadjusted February M1-B was 1,168 billion dlrs against
+1,232 billion in January and 788 billion in February 1986.
+    Money supply grew faster in January because the central
+bank issued more currency for bonus payments made to workers at
+the Lunar New Year, which fell on January 29 this year, banking
+sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14700" NEWID="9179">
+<DATE>25-MAR-1987 05:20:36.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>pakistan</D><D>afghanistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0314&#31;reute
+u f BC-PAKISTAN-SAYS-AFGHAN   03-25 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN SAYS AFGHAN AIR RAID KILLED ALMOST 150</TITLE>
+<DATELINE>    ISLAMABAD, March 25 - </DATELINE><BODY>Almost 150 people were killed when
+Afghan aircraft raided a number of Pakistani villages on
+Monday, Pakistani officials said.
+    The toll in Teri Mangal in Kurram Agency rose to 81, about
+45 people were killed in Lwarai Mandi in North Waziristan
+Tribal Agency and 23 died in Angur Adar, South Waziristan, the
+officials said.
+    The Soviet-backed Afghan government has not commented on
+the reports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14701" NEWID="9180">
+<DATE>25-MAR-1987 05:23:51.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE><D>zhao-ziyang</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0316&#31;reute
+u f BC-CHINA-MUST-CUT-DEMAND   03-25 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA MUST CUT DEMAND, CONTINUE REFORMS, ZHAO SAYS</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    PEKING, March 25 - </DATELINE><BODY>China must cut excess demand and capital
+investment in the face of budget and foreign exchange deficits
+but will press ahead with wide-ranging economic reforms in
+1987, Premier Zhao Ziyang told parliament.
+    Zhao told the annual meeting of the National People's
+Congress that while China cooled its overheated economy, cut
+its trade deficit and raised national living standards in 1986,
+serious imbalances remain.
+    Zhao said total social demand exceeds total supply, and
+demand for consumer goods, especially from state firms, is too
+high. "(They) squander public funds to a serious extent ... (and
+issue) excessive wage and bonus increases," he said.
+    Failure to cut this excess will "result in reduced
+accumulation of funds...And serve to corrupt social morality,"
+Zhao said. He said there was a contradiction between low per
+capita incomes and excessively high consumer demand.
+    China needs to accumulate enormous funds for construction
+in its initial stage of socialist modernisation and consumption
+must match the available resources, he said.
+    Zhao said there was a deficit in state finances in 1986
+because of the sharp fall in world oil prices, the rising cost
+of foreign exchange earnings through exports, reduced income
+from customs duties and unreasonably heavy spending.
+    Local authorities, departments and firms have been able to
+retain more revenue since economic reforms in 1979. "(They)
+unjustifiably developed processing industries and
+non-productive construction," Zhao said.
+    He said that unless effective measures are taken to curb
+this practice, financial and credit deficits are likely to
+increase in the next few years.
+    Zhao said that if such deficits become excessive and last
+too long, they will cause the over-issue of money, which in
+turn will cause "disturbing inflation, a precipitous rise in
+commodity prices and chaos in economic life."
+    Another serious problem is that too many new construction
+projects have been launched. Fixed asset investment outside the
+state plan is over-extended and the pattern of such investment
+is highly irrational, he said.
+    Investment in energy, transport, telecommunications and raw
+and semi-finished materials industries is inadequate and
+investment in non-productive projects is too large, he said.
+     Zhao said some departments and local authorities have
+failed to take prompt and effective measures to correct this
+investment imbalance, despite instructions to do so from the
+State Council earlier this year.
+     He said China's per capita output of grain and other farm
+and sideline products is still very low and production of
+grain, forestry, animal husbandry and fisheries rests on a
+rather weak foundation.
+     China's countryside is still in the development stage and
+there is vast potential to be tapped through deep reforms, he
+said, but did not elaborate.
+    Zhao said the main task for reform in 1987 is to breathe
+life into China's large and medium sized state firms, which
+still do not have "a satisfactory combination of
+responsibilities, powers and benefits."
+    "We have yet to create conditions for giving the enterprises
+full managerial authority and full responsibility for their own
+profits and losses," he said.
+    Currently, the firms are not responding rationally to
+market changes and doing all the state requires of them, he
+said. Their potential is not being fully tapped, he added.
+    Zhao said that in 1987, China will speed up the reform of
+its financial system, diversify credit services, encourage
+competition among different financial institutions and promote
+insurance services.
+    He said the system of bank interest rates must be reformed,
+with differential and floating rates being applied for
+different periods of time.
+    China must, under proper guidance, develop markets for the
+circulation of funds in major cities and exploit the role of
+financial markets in pooling and regulating funds, he added.
+    Zhao said China must also expand the market for capital
+goods such as rolled steel, coal, cement and timber. The lack
+of such a market is the main reason why large state firms have
+"yet to be fully invigorated," he said.
+    He also promised a continuation of the labour contract
+system under which all firms hire workers for a fixed period
+and pay them according to their own methods, subject only to
+state-set ceilings for wages and bonuses.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14702" NEWID="9181">
+<DATE>25-MAR-1987 05:24:23.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C
+&#22;&#22;&#1;f0318&#31;reute
+u f BC-NIPPON-STEEL-TO-REDUC   03-25 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON STEEL TO REDUCE DIVIDEND</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>Nippon Steel Corp &lt;NSTC.T> plans to
+reduce its dividend to three yen in the year ending March 31
+1987 from the five yen of 1985/86, a company spokesman said.
+    The company estimated parent company current losses at 15
+billion yen in 1986/87, including a gain of 95 billion yen from
+the sale of securities. This compares with a 36.07 billion yen
+profit a year earlier.
+    Sales in 1986/87 are seen at 2,150 billion yen, down from
+2,685 billion a year ago.
+    Poor business prospects were attributed to the yen's rise
+and slow world steel demand. Nippon is expected to report
+parent company results in late May.
+    Total 1986/87 crude steel production is estimated at 25.57
+mln tonnes, down from 27.98 mln a year earlier.
+    Crude steel production is likely to be below 1986/87 output
+but forecasts for profits and sales in the year starting April
+1 are unavailable yet, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14703" NEWID="9182">
+<DATE>25-MAR-1987 05:24:46.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0320&#31;reute
+u f BC-BAT-SEES-STRONG-PERFO   03-25 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAT SEES STRONG PERFORMANCE FROM ALL SECTORS</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>A strong performance from all BAT
+Industries Plc's &lt;BTI.L> major sectors enabled the group's 1986
+pretax profits to pass the one billion stg level for the third
+year running, Chairman Patrick Sheehy said in a statement.
+    The group earlier reported a 19 pct rise in profits to 1.39
+billion, which Sheehy said was achieved without any help from
+exchange rate fluctuations or acquisitions.
+    Good results were achieved by its Argos and Saks Fifth
+Avenue in retailing and by Wiggins Teape and Appleton in paper.
+    Tobacco accounted for about 50 pct of profit with a four
+pct gain to 764 mln stg and a two pct increase in world volume.
+    The results were largely in line with analysts expectations
+and BAT shares firmed by two pence to 537p at 0955 GMT.
+    BAT said the U.S. Brown and Williamson unit held most of
+its 1985 gains and increased profit 18 pct in dollar terms.
+    Financial services saw profits double to 282 mln with both
+Eagle Star and Allied Dunbar achieving further growth.
+    Allied Dunbar reported a 51 pct rise in life annual
+premiums to 39 mln stg. BAT said it increased new business by
+38 pct in the last nine months after a relatively slow first
+quarter. Its permanent health insurance was now the market
+leader and its Unit Trust group was now the second largest in
+the U.K.
+    Eagle Star general premiums rose 32 pct to 1.03 billion.
+Its life activities also grew 39 pct with better underwriting
+results in the second half.
+    Cash flow was strong and the gross debt to equity ratio
+dropped to 41 pct from 51 pct. The net ratio, at 26 pct, left
+the group strongly placed to pursue its further development.
+    Profits from paper and pulp grew 29 pct to 217 mln stg,
+nearly three times the 1982 level, with Wiggins Teape's sales
+rising 36 pct to pass one billion stg.
+    BAT said in 1986 it had sold 88 BATUS stores in the U.S.
+For 644 mln dlrs and sold Grovewood Securities for 142 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14704" NEWID="9183">
+<DATE>25-MAR-1987 05:30:25.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE><D>zhao-ziyang</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0331&#31;reute
+u f BC-CHINA'S-PREMIER-ZHAO   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA'S PREMIER ZHAO SAYS POLITICAL CRISIS OVER</TITLE>
+<DATELINE>    PEKING, March 25 - </DATELINE><BODY>Chinese Premier Zhao Ziyang said the
+threat from western political ideas which caused widespread
+student demonstrations last December has been curbed.
+    In an address at the opening session of China's parliament,
+the National People's Congress, he accused unnamed party
+leaders of being weak and lax in their supervision of ideology
+and of failing to give full support to the promotion of
+Marxism.
+    "After several months of work since the end of last year we
+have curbed bourgeois liberalisation, which was once quite
+widespread," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14705" NEWID="9184">
+<DATE>25-MAR-1987 05:31:46.25</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0332&#31;reute
+u f BC-TAIWAN-SEES-ITS-INVES   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN SEES ITS INVESTMENT IN U.S. RISING SHARPLY</TITLE>
+<DATELINE>    TAIPEI, March 25 - </DATELINE><BODY>Taiwanese investment in the U.S. Is
+expected to nearly double to 80 mln U.S. Dlrs in calendar 1987
+and rise to 400 mln dlrs a year by 1991, a five-year forecast
+by the Economic Ministry showed.
+    Taiwanese investment in the U.S. Last year totalled 46 mln
+dlrs, the ministry document said. The investment was mainly in
+electronics, trading, food and service industries.
+    Lee Ming-Yi, deputy director of the ministry's Industrial
+Development and Investment Centre, said the forecast rise is
+due to planned government incentives and growing willingness
+among Taiwanese to invest abroad.
+    Lee told Reuters the incentives, to be introduced in May or
+June, include bank loans and a reduction in capitalisation
+requirements for businesses seeking to invest in the U.S. To 10
+mln Taiwan dlrs from 20 mln.
+    He said the moves to encourage investment in the U.S. Are
+part of Taiwan's efforts to cut its trade surplus with
+Washington, which rose to a record 13.6 billion U.S. Dlrs in
+1986 from 1985's 10.2 billion.
+    Taiwanese manufacturers can create jobs for Americans and
+avoid import quotas if they set up plants in the U.S., He
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14706" NEWID="9185">
+<DATE>25-MAR-1987 05:35:05.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0339&#31;reute
+u f BC-BABCOCK-UNIT-WINS-ORD   03-25 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BABCOCK UNIT WINS ORDER FOR VENEZUELAN POWER PLANT</TITLE>
+<DATELINE>    OBERHAUSEN, West Germany, March 25 - </DATELINE><BODY>Deutsche Babcock AG
+&lt;DBCG.F> said its wholly-owned Borsig GmbH subsidiary has won a
+78 mln mark order to build a conventional power station block
+for Venezuela's state-owned electricity company CADAFE.
+    It said the installation, which can be powered by oil or
+gas, should go on stream at the end of 1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14707" NEWID="9186">
+<DATE>25-MAR-1987 05:43:48.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0356&#31;reute
+u f BC-JARDINE-TO-JOIN-CONSO   03-25 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JARDINE TO JOIN CONSORTIUM FOR HK SECOND AIRPORT</TITLE>
+<DATELINE>    HONG KONG, March 25 - </DATELINE><BODY>The Bermuda registered &lt;Jardine
+Matheson and Co Ltd> has indicated it would participate in a
+local consortium led by Hopewell Holdings Ltd &lt;HPWH.HK> which
+has proposed to build the second airport here, a Hopewell
+statement said.
+    Jardine Matheson will take up a five pct stake in the joint
+venture which has presented the government with a 25 billion
+H.K. Dlr infrastructure development plan for Hong Kong's
+offshore island of Lantau.
+    The proposal includes an airport, a deep-water port and
+highways linking with Southern China.
+    Hopewell, which initiated the proposal, owns a 20 pct stake
+in the consortium. Chairman of the firm Gordon Wu said recently
+he expects the airport to start operation by mid-1992 and the
+whole project to be completed by 1993 if an approval for the
+project is obtained within a year.
+    Other partners of the joint venture comprise a combined 20
+pct stake by Cheung Kong (Holdings) Ltd &lt;CKGH.HKG> and
+Hutchison Whampoa Ltd &lt;HWHH.HKG>, while Wu said at that time
+the remaining 60 pct will be taken up by other interested
+parties -- the public, and probably the Hong Kong and Chinese
+governments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14708" NEWID="9187">
+<DATE>25-MAR-1987 05:44:08.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0357&#31;reute
+u f BC-BABCOCK-INTERNATIONAL   03-25 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BABCOCK INTERNATIONAL PLC &lt;BABK.L> YEAR 1986</TITLE>
+<DATELINE>    LONDON, March 25 -
+    </DATELINE><BODY>Div 4.7p making 8.7, an increase of 13.9 pct
+    Shr 16.3p vs 17.9p adjusted
+    Pretax profit 37.09 mln stg vs 34.55 mln
+    Net 22.12 mln vs 24.13 mln
+    Interest payable 8.10 mln vs 5.35 mln
+    Share of associated co's 6.88 mln vs 5.42 mln
+    Turnover 1.22 billion stg vs 1.10 billion
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14709" NEWID="9188">
+<DATE>25-MAR-1987 05:46:06.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0362&#31;reute
+r f BC-VEBA-PLACEMENT-CONTIN   03-25 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VEBA PLACEMENT CONTINUES FOR SMALL SHAREHOLDERS</TITLE>
+<DATELINE>    FRANKFURT, March 25 - </DATELINE><BODY>The placement of 10.1 mln government
+owned shares in Veba AG &lt;VEBG.F> is still open for small
+shareholders but lead manager Deutsche Bank AG &lt;DBKG.F> has
+already closed its books for institutional investors, a
+Deutsche spokesman said in answer to queries.
+    Under the terms of the placement which opened on Monday,
+small shareholders were given priority for three days so that
+this privilege will not lapse until close of business today.
+    Consortium banks set aside fixed amounts for small
+shareholders. The spokesman could not say how big these were,
+or whether other banks had closed books for institutions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14710" NEWID="9189">
+<DATE>25-MAR-1987 05:47:07.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0364&#31;reute
+u f BC-DELTA-GROUP-&lt;DLTL.L>   03-25 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTA GROUP &lt;DLTL.L> YEAR TO JAN 3.</TITLE>
+<DATELINE>    LONDON, March 25 -
+    </DATELINE><BODY>Shr net basis 24.8p vs 24.5p
+    Shr nil basis 22.7p vs 20.9p
+    Div 5p making 7.6p vs 6.5p
+    Pretax profit 57.78 mln stg vs 50.61 mln
+    Net after tax 37.47 mln vs 36.49 mln
+    Outside shareholders interests 1.75 mln vs 1.32 mln
+    Extraordinary debit 370,000 vs 1.93 mln
+    Turnover 533.59 mln vs 555.81 mln
+    Profit breakdown by activity -
+    Electrical equipment 28.59 mln stg vs 27.60 mln
+    Engineering 10.75 mln vs 11.13 mln
+    Industrial services 18.78 mln vs 16 mln
+    Corporate finance 340,000 vs 4.12 mln
+    Making total pre-tax profit 57.78 mln vs 50.61 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14711" NEWID="9190">
+<DATE>25-MAR-1987 05:48:28.38</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F C M
+&#22;&#22;&#1;f0367&#31;reute
+u f BC-PLACER-PACIFIC-SAYS-B   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLACER PACIFIC SAYS BIG BELL GOLD STUDY EXPANDING</TITLE>
+<DATELINE>    SYDNEY, March 25 - </DATELINE><BODY>&lt;Placer Pacific Ltd> said it will
+undertake a full feasibility study of Western Australia's Big
+Bell gold prospect.
+    Results of an economic evaluation of the find, in which
+Placer has an option with &lt;Australian Consolidated Minerals
+Ltd> (ACM) to earn a 50 pct interest, were encouraging enough
+to warrant a full study, Placer said in a statement.
+    Big Bell, in the Murchison goldfield 540 km north east of
+Perth, was founded in 1904. Between 1937 and 1955 it yielded
+22.8 tonnes of gold and 7.8 tonnes of silver while milling
+about 30,000 tonnes of ore a month.
+    Placer has said the prospect has an estimated 14 mln tonnes
+of ore with a three-gram-per-tonne concentration accessible by
+open-pit mining and a further 4.5 mln tonnes with a
+4.4-gram-a-tonne concentration between 300 and 600 meters
+underground.
+    It said it was obliged to produce the feasibility study no
+later than December 31 this year by which time it would have
+spent three mln dlrs on Big Bell.
+    If the results are positive and a commitment to develop
+made then construction would take about 12 months, Placer said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14712" NEWID="9191">
+<DATE>25-MAR-1987 05:50:59.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0373&#31;reute
+u f BC-BELGIAN-PUBLIC-DEBT-R   03-25 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN PUBLIC DEBT RISES IN FEBRUARY</TITLE>
+<DATELINE>    BRUSSELS, March 25 - </DATELINE><BODY>Belgian public debt rose a nominal
+89.5 billion francs in February to 5,591.1 billion francs, and
+compared with 5,074.2 billion in February 1986, the finance
+ministry said in its monthly statement.
+    It said after taking into account operations with the
+International Monetary Fund and foreign exchange fluctuations,
+the figure corresponding to the government's net financing
+requirement in February was 86.0 billion francs.
+    This is below the February 1986 figure of 91.1 billion
+francs.
+    However in the first two 1987 months, the amount
+corresponding to the net financing requirement was 184.2
+billion francs against 183.9 billion in the same period of
+1986, the Ministry said.
+    The Belgian government is aiming to cut the financing
+requirement for the whole of 1987 to around 420 billion francs
+from 561 billion last year through a major spending cuts
+program.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14713" NEWID="9192">
+<DATE>25-MAR-1987 05:51:21.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0374&#31;reute
+u f BC-BABCOCK-EXPECTS-FURTH   03-25 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BABCOCK EXPECTS FURTHER PROGRESS IN 1987</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Babcock International Plc &lt;BABK.L> said
+in a statement accompanying final results for 1986, showing
+pretax profits up to 37.09 mln stg from 34.55 mln in 1985, that
+overall further progress is expected in 1987.
+    The predicted slowdown of the U.S. Automobile industry is
+affecting the North American group although the improved
+performance in the FATA European group during 1986 is expected
+to continue into this year.
+    In the U.K. Overall profitability will improve when the
+Central Electricity Generating Board's ordering programme for
+both nuclear and fossil-fired fuels starts.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14714" NEWID="9193">
+<DATE>25-MAR-1987 05:59:13.34</DATE>
+<TOPICS><D>veg-oil</D><D>sun-oil</D></TOPICS>
+<PLACES><D>uk</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0384&#31;reute
+b f BC-EGYPT-BUYS-46,000-TON   03-25 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT BUYS 46,000 TONNES OF SUNFLOWERSEED OIL</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Egypt purchased 46,000 tonnes of
+optional origin sunflowerseed oil at its import tender
+yesterday, all for May arrival, traders said.
+    The business comprised 41,000 tonnes of crude sunflowerseed
+oil in bulk at prices ranging from 344.25 to 348 dlrs and 5,000
+tonnes of refined oil in drums at from 517.50 to 522.50 dlrs
+per tonne, cost and freight Alexandria, delivered quality
+terms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14715" NEWID="9194">
+<DATE>25-MAR-1987 06:18:55.81</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE><D>zhao-ziyang</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0401&#31;reute
+u f BC-CHINA-TO-TIGHTEN-IMPO   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TO TIGHTEN IMPORT CONTROL, CUT EXPORT COSTS</TITLE>
+<DATELINE>    PEKING, March 25 - </DATELINE><BODY>China should tighten imports of ordinary
+goods and restrict or even forbid import of goods which can be
+made domestically, Premier Zhao Ziyang said.
+    He told the National People's Congress, China's parliament,
+that the country's foreign exchange is limited and must be used
+where it is most needed.
+    "We should expand production of import substitutes and
+increase their proportion," he said.
+    On exports, China should increase its proportion of
+manufactured goods, especially textiles, light industrial
+goods, electronics and machinery, he said.
+    Zhao said China should lower the cost of exports and
+control the export of goods that incur too much loss. In 1986
+China had a trade deficit of 11.9 billion dlrs, down from a
+record 14 billion in 1985.
+    Zhao said China should work to provide a more favourable
+investment environment for foreign businessmen. It should use
+foreign funds for production and construction, with stress on
+firms making goods for export or import substitutes.
+    China should also earn more foreign exchange from tourists
+and contracted labour abroad, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14716" NEWID="9195">
+<DATE>25-MAR-1987 06:19:48.07</DATE>
+<TOPICS><D>silver</D><D>copper</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0405&#31;reute
+r f BC-WEST-GERMANS-TO-MINT   03-25 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMANS TO MINT COMMUNITY ANNIVERSARY COIN</TITLE>
+<DATELINE>    BONN, March 25 - </DATELINE><BODY>The West German Cabinet approved a plan to
+mint a special 10-mark coin commemorating the 30th anniversary
+of the European Community this year.
+    The silver-copper alloy coin will be minted in an edition
+of 8.35 mln, a Finance Ministry statement said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14717" NEWID="9196">
+<DATE>25-MAR-1987 06:21:48.40</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0408&#31;reute
+u f BC-SINGAPORE-GDP-TO-GROW   03-25 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE GDP TO GROW SIX PCT IN FIRST QUARTER</TITLE>
+<DATELINE>    SINGAPORE, March 25 - </DATELINE><BODY>Singapore's gross domestic product
+will grow six pct in the first quarter and five pct in the
+second quarter this year, with further growth expected in the
+second half, Trade and Industry Minister Lee Hsien Loong told
+parliament.
+    The figures compared with 3.4 pct contraction and 1.2 pct
+growth respectively for the first and second quarters of 1986.
+    The estimates were based on a tentative leading indicator
+incorporating new business orders, company inventories and
+share prices used by his ministry, Lee said, without giving
+further details of the new indicator.
+    Singapore's economy grew 1.9 pct last year, after shrinking
+1.8 pct in 1985. The government has forecast growth rate of
+three to four pct for 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14718" NEWID="9197">
+<DATE>25-MAR-1987 06:23:47.46</DATE>
+<TOPICS><D>oilseed</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0412&#31;reute
+u f BC-CARGILL-U.K.-STRIKE-T   03-25 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARGILL U.K. STRIKE TALKS TO RESUME THIS AFTERNOON</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Talks between Cargill U.K. Ltd's
+management and unions, aimed at ending the prolonged strike at
+its Seaforth oilseed processing plant, will resume this
+afternoon, a company spokesman said.
+    Yesterday's session failed to reach a compromise but some
+progress was made, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14719" NEWID="9198">
+<DATE>25-MAR-1987 06:29:43.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0419&#31;reute
+b f BC-NORWAY-ISSUES-60-BILL   03-25 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY ISSUES 60 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Norway is issuing a 60 billion yen
+eurobond due April 22, 1992 paying 4-1/4 pct and priced at
+101-5/8 pct, lead manager Nomura International Ltd said.
+    The non-callable issue will be available in denominations
+of one mln yen and will be listed in London.
+    The fees comprise 1-1/4 pct selling concession with 5/8 pct
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14720" NEWID="9199">
+<DATE>25-MAR-1987 06:37:40.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0424&#31;reute
+u f BC-BROCKWAY-AIR-TO-BUY-F   03-25 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROCKWAY AIR TO BUY FIVE SAAB PLANES</TITLE>
+<DATELINE>     STOCKHOLM, Mar 25 - </DATELINE><BODY>The U.S. Airline Brockway Air, a
+subsidiary of &lt;Brockway Inc>, has signed an agreement with
+Saab-Scania AB &lt;SABS ST> to buy five 34-seater Saab SF340
+aircraft for an undisclosed price, with an option on a further
+five, Saab said.
+     All five will be delivered to the Burlington,
+Vermont-based airline this year for use on Brockway's 22-city
+service system.
+    Saab said it now had 103 firm orders for the regional
+SF340, 80 of which had already been delivered.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14721" NEWID="9200">
+<DATE>25-MAR-1987 06:43:26.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0430&#31;reute
+b f BC-SAAB-SCANIA-LAUNCHES   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAAB-SCANIA LAUNCHES 100 MLN DLR EURO-CP PROGRAM</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Saab-Scania AB is establishing a 100 mln
+dlr euro-commercial paper issuance program, Enskilda Securities
+said as arranger.
+    Dealers will be Enskilda and Bankers Trust International
+Ltd. Paper will be issued in discounted note form only and will
+have maturities between seven and 365 days.
+    Denominations will be 500,000 and one mln dlrs.
+    Enskilda Securities said Saab-Scania hopes to activate the
+program soon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14722" NEWID="9201">
+<DATE>25-MAR-1987 06:46:02.57</DATE>
+<TOPICS><D>meal-feed</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0436&#31;reute
+r f BC-BRITISH-COMPOUND-FEED   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH COMPOUND FEED PRODUCTION DETAILED</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Feed compounds, balancers and
+concentrates produced in Britain in the five weeks ended
+January 31 totalled 973,400 tonnes, against 966,200 tonnes
+produced in the same 1986 period, Ministry of Agriculture
+figures show.
+    However, cattle/calf feed output, the largest single
+component, was 7.2 pct down at 435,900 tonnes against 469,900
+tonnes. Pig feed was 170,800 tonnes versus 171,600, and poultry
+feed 287,600 compared with 256,600. Other smaller components
+included in the total all showed increases.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14723" NEWID="9202">
+<DATE>25-MAR-1987 06:47:09.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0437&#31;reute
+u f BC-KLOECKNER-UND-CO'S-19   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLOECKNER UND CO'S 1986 PROFIT FALLS ABOUT 20 PCT</TITLE>
+<DATELINE>    DUISBURG, West Germany, March 25 - </DATELINE><BODY>Kloeckner &amp; Co KGaA, the
+international trading group, said its 1986 domestic group net
+profit fell by around 20 pct against 1985, adding that the
+profit resulted largely from a writing back of reserves.
+    The company, which gave no 1986 profit figures, posted a
+domestic group net profit of 41 mln marks in 1985.
+    It said the 1986 profit was made possible through a 40 mln
+mark write-back of reserves that had been created to cover
+possible price rises. These reserves were no longer necessary
+because of recent declines in raw material prices.
+    Kloeckner attributed the profit decline to the fall in
+prices as well as the lower value of the dollar.
+    It said it would pay an unchanged dividend on its ordinary
+share capital, which is entirely in private hands and held
+largely by family foundations.
+    Kloeckner's nominal 100 mark profit-participation
+certificates, issued in October 1986, will pay a likely yield
+of around 10 pct. Holders of the certificates are entitled to a
+quarter of the 1986 payment, or around 2.50 marks, the company
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14724" NEWID="9203">
+<DATE>25-MAR-1987 06:51:56.93</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>malaysia</D><D>indonesia</D><D>thailand</D><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>inro</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0441&#31;reute
+u f BC-MIXED-ASIAN-REACTION   03-25 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIXED ASIAN REACTION TO NEW RUBBER PACT</TITLE>
+<AUTHOR>    By Rajan Moses, Reuters</AUTHOR>
+<DATELINE>    KUALA LUMPUR, March 25 - </DATELINE><BODY>Governments of major Asian
+producing countries have welcomed the conclusion of a new
+International Natural Rubber Agreement (INRA), but growers and
+traders are unhappy with the development, according to views
+polled by Reuter correspondents.
+    Officials in Malaysia, Indonesia and Thailand, which
+produce the bulk of the world's rubber, said they expected the
+new pact to continue to stabilise prices and help their rubber
+industries remain viable in the long-term.
+    But traders and growers said they were against the new pact
+because its buffer stock mechanism was likely to interefere
+with free market forces and prevent sharp rubber price rises.
+    The new INRA, to replace the current one which expires on
+October 22, was formally adopted by most of the world's
+producers and consumers in Geneva last Friday.
+    It will be open for signature at the U.N. Headquarters in
+New York from May 1 to December 31 this year and will enter
+into force provisionally when ratified by countries accounting
+for 75 pct of world rubber exports and 75 pct of world imports.
+    Malaysian Primary Industries Minister Lim Keng Yaik said
+the formal adoption of a new pact had dispelled fears of
+liquidation of some 360,000 tonnes of INRA buffer stock rubber
+and a possible depression of prices.
+    He expressed confidence that the new INRA would continue to
+keep prices stable by selling or buying rubber as prices rose
+or fell through its buffer stock system.
+    Malaysia was also happy that in the new INRA financing of
+purchases for the normal buffer stock of 400,000 tonnes and a
+contingency buffer stock of 150,000 tonnes would be done
+through direct cash contributions from members, he said.
+    Under the existing pact, members can borrow from banks to
+finance INRA's buffer stock purchases. This has been viewed
+with concern by some members who fear the INRA may become
+indebted and ultimately face collapse, like the International
+Tin Agreement.
+    "This will ensure the buffer stock operation is carried out
+without any financial encumbrance," Lim said.
+     Malaysia, the world's largest producer, was seeking
+cabinet approval to join the new INRA and hoped other producers
+and consumers would also become members, he said.
+    Officials in Jakarta said the new pact would bring benefit
+to Indonesia's rubber industry's by stabilising prices.
+    It was unlikely to collapse like the tin agreement because
+its new financial provisions had been tightened, they said.
+    Thai officials told Reuters they were optimistic the new
+pact was viable because it strictly limited the extent of debt
+the INRA buffer stock manager might commit to his market
+operations.
+     Malaysian growers, however, said they preferred a free
+rubber market because an INRA had a tendency to keep prices at
+levels that were only acceptable to consumers.
+    "With the INRA's ability to keep prices at a certain stable
+level, consumers are assured of rubber at almost a fixed price,
+while producers may never see sharp price rises," a Malaysian
+Rubber Producers Council source told Reuters.
+    Producers also wanted a free rubber market without the
+overhang of a 360,000 tonne INRA buffer stock which had
+psychologically prevented price rises, he said.
+    State plantation officials in Sri Lanka said prices had
+been depressed since INRA's inception and the creation of a
+buffer stock, and they seemed unlikely to rise.
+    Sri Lanka should not be a member of the INRA because it was
+expensive to maintain a buffer stock, they added.
+    Traders in the region, meanwhile, said prices might be
+pressured by the new pact in the long term as its potential to
+stabilise prices and buffer stock capacity would spur producers
+to produce more.
+    Most Malaysian and Singapore traders said the new pact's
+conclusion had little impact on prices and it was unlikely to
+allow sharp price fluctuations in future.
+    "The 360,000 tonnes in the INRA buffer stock must be
+liquidated and a free market returned," a Malaysian trader said.
+    Japanese traders said the new pact had a chance for success
+as most world producers and consumers had adopted it, but they
+questioned the ability of some financially-strapped producers
+to finance buffer stock operations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14725" NEWID="9204">
+<DATE>25-MAR-1987 06:52:09.01</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0442&#31;reute
+u f BC-CIBA-GEIGY,-PHILLIPS   03-25 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIBA-GEIGY, PHILLIPS PETROLEUM IN JOINT VENTURE</TITLE>
+<DATELINE>    BASLE, March 25 - </DATELINE><BODY>Ciba-Geigy AG &lt;CIGZ.Z> said it would
+establish a joint venture with Phillips Petroleum Co. In Europe
+to manufacture a high performance engineering thermoplastic.
+    Initially, the Swiss chemicals firm will manufacture
+polyphenylene sulfide compounds using resins from Phillips.
+    The two firms will later set up a joint venture to produce
+the polyphenylene resins and compounds, which will be marketed
+independently under their respective trademarks. A Ciba-Geigy
+spokesman declined to say how much the venture would cost.
+    Polyphenylene sulfide is widely used in the electronic,
+automotive, and petroleum fields.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14726" NEWID="9205">
+<DATE>25-MAR-1987 06:56:17.04</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>west-germany</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0446&#31;reute
+r f BC-KRUPP-TO-BUILD-SOUTH   03-25 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRUPP TO BUILD SOUTH KOREAN STEEL PLANT</TITLE>
+<DATELINE>    ESSEN, West Germany, March 25 - </DATELINE><BODY>Fried. Krupp GmbH said its
+Krupp Industrietechnik GmbH subsidiary has won a 130 mln marks
+joint order with Samsung Shipbuilding and Heavy Industries Co.
+Ltd of Seoul for a steel works in Pohang, South Korea.
+    It said the order, awarded by the Pohang Iron and Steel Co.
+Ltd, involves a works due to go on stream in 1989 producing
+250,000 tonnes of non-corrosive quality steels annually.
+    The consortium partners will supply the plant, supervise
+its construction and advise on product processing, with Krupp
+providing a 100-tonne capacity arc furnace and a converter for
+steel refining.
+    The West German company will supply ladles, vehicles,
+electrical and exhaust cooling apparatus and dust filters. It
+will also fit out the plant's laboratory.
+    Among other things Krupp said it will provide know-how for
+all production phases and train the Korean workforce.
+    It said Samsung will take care of the Korean part of the
+engineering and electrical work, the water treatment and other
+mechanical equipment, according to Krupp basic engineering.
+    Extruded ingots from the plant will be converted to sheet
+in an existing hot rolling mill. The sheet will be processed in
+facilities which are to be erected, Krupp said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14727" NEWID="9206">
+<DATE>25-MAR-1987 07:00:38.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0455&#31;reute
+u f BC-SWIRE-EXPECTS-CONTINU   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWIRE EXPECTS CONTINUED GROWTH THIS YEAR</TITLE>
+<DATELINE>    HONG KONG, March 25 - </DATELINE><BODY>Swire Pacific Ltd &lt;SWPC.HKG> expects
+continued growth in all divisions this year though it sees
+problems in the marine sector, chairman Michael Miles said.
+    He told reporters:"1987 has started well for Cathay Pacific
+Airways which looks forward to another good year... Swire
+Properties expects further good results both from properties
+under development for sale and from its investment property
+portfolio."
+    He did not give any specific projections for earnings. The
+company earlier reported 46 pct higher 1986 net profits at 1.78
+billion H.K. Dlrs from a year ago.
+    Swire also had an extraordinary profit of 1.38 billion dlrs
+mainly from the sale of a 15.25 pct interest in Cathay Pacific
+Airways Ltd &lt;CAPH.HKG>.
+    Miles said the company will use the money to develop its
+business, primarily in Hong Kong.
+    Swire's stake in Cathay was first reduced to 54.25 pct from
+70 pct when Cathay was publicly floated, and then cut to 50.25
+pct when Cathay issued new shares amounting to 12 pct of the
+enlarged capital to the state-owned &lt;China International Trust
+and Investment Corp>. Cathay last week reported its 1986
+profits rose to 1.23 billion dlrs from 777 mln a year ago.
+    Miles said despite last year's rapid expansion in Cathay's
+flights and fleet, load factor is still holding up at 70 pct.
+    He said Cathay's growth last year was the result of "a
+marginal increase in the revenue load factor coupled with
+savings in fuel costs."
+    "At present fuel prices are stable and will remain stable
+for the rest of this year," he said, "though there might be a bit
+of increase later this year.''
+    Miles said Swire is not abandoning its offshore oil service
+operations, even though the marine sector is generally
+depressed. "Obviously the marine industry is not getting any
+better," he said.
+    The real estate market remained strong and Swire last year
+revalued its property portfolio up 634 mln dlrs compared with
+an increase of 864.4 mln dlrs the previous year.
+    Miles said he expects the property market to remain firm
+but said the firm has no available land for a major housing
+project such as its Taikoo Shing development on Hong Kong
+island now near completion.
+    He said the company's 50 pct unit &lt;Hongkong United Dockyard
+Ltd> is negotiating with the government for the development of
+an existing petroleum storage depot into a major housing
+estate. "But it's not as big as Taikoo Shing," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14728" NEWID="9207">
+<DATE>25-MAR-1987 07:08:53.60</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0465&#31;reute
+b f BC-UNCERTAINTY-SURROUNDS   03-25 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNCERTAINTY SURROUNDS EC SUGAR TENDER RESULT-TRADE</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Considerable uncertainty surrounds the
+outcome of today's EC white sugar tender, traders here said,
+noting it remains overshadowed by European operator threats to
+move over 800,000 tonnes of sugar into intervention.
+    They said that due to the dispute between the Commission
+and producers over the issue, it is not clear whether the
+Commission will authorise any exports at all or grant licences
+on a large tonnage.
+    The subsidy is seen being set above 45.00 Ecus per 100
+kilos, although traders are reluctant to predict a precise
+level after prices fell yesterday.
+    Earlier, traders in Paris said they expected the Commission
+to award licences for around 50,000 tonnes of white sugar with
+a maximum export rebate of 45.75 to 46.0 Ecus.
+    Last week, the Commission granted licences to end August on
+60,500 tonnes of whites at a maximum rebate of 44.819.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14729" NEWID="9208">
+<DATE>25-MAR-1987 07:09:17.42</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0467&#31;reute
+u f BC-ABU-DHABI-TO-REOPEN-G   03-25 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABU DHABI TO REOPEN GULF OILFIELD HIT IN 1986 RAID</TITLE>
+<DATELINE>    ABU DHABI, March 25 - </DATELINE><BODY>Abu Dhabi's offshore Abu al-Bukhoosh
+oilfield in the Gulf, shut since an aerial attack last
+November, will reopen when new anti-aircraft defences are
+ready, and this could be in the next two months, oil industry
+sources said.
+    They said the Abu Dhabi government and Compagnie Francaise
+des Petroles (Total) &lt;TPN.PA>, whose Total Abu al-Bukhoosh
+subsidiary owns 51 pct of the field, have agreed on the
+reopening, but that a date has not been definitely fixed.
+    Unidentified planes hit the field, 100 miles off Abu Dhabi,
+last November 25.
+    The raid killed eight workers and destroyed the main living
+quarters and a bridge linking a wellhead to the main production
+platform.
+    Western diplomats in the region say Iran was responsible
+but Tehran has blamed its Gulf War enemy Iraq.
+    Abu al-Bukhoosh was producing 57,000 barrels per day (bpd)
+at the time of the attack, but the sources said it would resume
+at a maximum of half that level because of reduced staff and
+the fact only four of five wellheads were now operable.
+    The sources said only 80 personnel can be housed in
+remaining accomodations, the sources said.
+    Facilities being installed to protect the field include
+aircraft detection equipment, anti-aircraft missiles, housing
+for military personnel and helicopter landing pads, the sources
+said.
+    Abu Dhabi is the largest oil producer in the United Arab
+Emirates, accounting for about 800,000 bpd of its total 1.15
+mln bpd production, the sources said.
+    They also said Iran was working to reopen its Sassan field,
+part of the same reservoir as Abu al-Bukhoosh and located only
+a few miles away. Sassan was heavily damaged by an Iraqi air
+raid only 10 days before Abu al-Bukhoosh was attacked.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14730" NEWID="9209">
+<DATE>25-MAR-1987 07:15:13.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>chad</D><D>libya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0489&#31;reute
+u f PM-CHAD-CASUALTIES ***URGENT  03-25 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAD SAYS TROOPS KILLED 1,200 LIBYANS IN BATTLE</TITLE>
+<DATELINE>    N'DJAMENA, March 25 - </DATELINE><BODY>Chad's military high command said
+today troops killed 1,269 Libyan soldiers in routing a
+5,000-strong force to capture Tripoli's major air base in
+northern Chad on Sunday.
+    In its first published casualty list from the fierce battle
+for Ouadi Doum air base, the high command said 438 Libyans were
+taken prisoner, while 29 Chadian soldiers were killed and 58
+wounded.
+    It said the prisoners included the regional commander,
+Colonel Khalifa Abul-Gassim Hastar, while his deputy, Colonel
+Gassim Ali Abu-Nawar, was among the dead.
+    The Chadian army also captured substantial amounts of
+weaponry, including 11 Czechoslovak-made L-39 bombers, three
+Soviet MI-24 fighter helicopters and a large number of tanks,
+as well as hundreds of other vehicles armed with guns or
+anti-aircraft missiles.
+    Following Sunday's battle, French officers said the fall of
+Ouadi Doum deprived Libya of its only hard runway air base in
+Chad. Its main strongpoint, Faya Largeau some 230 km (150
+miles) north of the so-called "red line" along the 16th parallel,
+was left increasingly exposed.
+    The 16th parallel divides the central African country into
+government-held zones in the south and mainly Libyan-controlled
+areas in the north.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14731" NEWID="9210">
+<DATE>25-MAR-1987 07:16:19.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0492&#31;reute
+r f BC-RAINBOW-LIFTS-PROGRES   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAINBOW LIFTS PROGRESSIVE STAKE TO 52 PCT</TITLE>
+<DATELINE>    WELLINGTON, March 25 - </DATELINE><BODY>&lt;Rainbow Corp Ltd> said it has
+lifted its stake in supermarket group &lt;Progressive Enterprises
+Ltd> to 52 pct from 44 pct.
+    It said in a statement it has bought an extra 9.4 mln
+shares at prices ranging from 3.80 N.Z. Dlrs to 4.80.
+    Progressive is currently the subject of both a proposed
+merger with Rainbow and a full takeover bid from &lt;Brierley
+Investments Ltd> (BIL). The BIL bid, launched on Monday, is at
+4.20 dlrs a share. The Rainbow merger involves shareholders in
+both Rainbow and Progressive being issued shares in a new
+company, &lt;Astral Pacific Corp Ltd>, on a one-for-one basis.
+    Rainbow chief executive Craig Heatley said, "In our opinion
+BIL's actions over the last few days have been undertaken for
+their own strategic purposes which conflict with the desire of
+both companies to merge their interests."
+    BIL has said it is against the merger because it sees
+Progressive shares as being worth twice as as much as
+Rainbow's.
+    Progressive traded today at 4.42, Rainbow at 3.66 and BIL
+at 4.30 at the end of morning trading on the New Zealand Stock
+Exchange.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14732" NEWID="9211">
+<DATE>25-MAR-1987 07:16:54.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0495&#31;reute
+u f BC-BANK-OF-THAILAND-PLAN   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF THAILAND PLANS ITS FIRST BOND ISSUE</TITLE>
+<DATELINE>    BANGKOK, March 25 - </DATELINE><BODY>The Bank of Thailand is seeking Finance
+Ministry approval to issue its first bond, central bank sources
+said.
+    The planned three billion baht issue would carry a term of
+six months to one year as a short term move to mop up surplus
+funds held by commercial banks.
+    The issue would offer a coupon attractive to commercial
+banks, which currently have an estimated 30 to 60 billion baht
+in funds invested in low-yield securities, the sources said.
+    The central bank, charged with supervision of commercial
+banks, has previously issued only Finance Ministry bonds.
+    Private bankers said they are awaiting a central bank
+decision on whether to allow commercial banks to continue
+holding up to 40 pct of their capital in foreign exchange or to
+return it to 20 pct as scheduled.
+    The six month 40 pct ceiling expires April 6 but the banks
+want it extended for six more months.
+    They said a forced cut in foreign exchange positions would
+worsen the local liquidity problem as commercial banks would
+have to convert about five billion baht worth of foreign
+currencies in their portfolios into baht.
+    Senior central bank officials suggested to reporters last
+week that the foreign exchange ceiling will be lowered to
+discourage banks' use of excess funds for currency speculation.
+    Central bank sources said some commercial banks,
+anticipating such a central bank decision, have been converting
+their foreign currencies into baht this week and lending the
+additional funds to the Bank of Thailand's short-term loan
+repurchase facility.
+    They said the Bank of Thailand's repurchase window
+yesterday received offers of about three billion baht of
+investment funds from commercial banks, three times its normal
+daily amount.
+    The repurchase window uses government bonds as an
+instrument with which commercial banks can borrow from or lend
+to the state bank.
+    The facility is sometimes used by the central bank to set a
+local short-term interest benchmark through fixing its bond
+repurchase rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14733" NEWID="9212">
+<DATE>25-MAR-1987 07:17:43.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0498&#31;reute
+r f BC-FOREIGN-BROKERS-GET-M   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREIGN BROKERS GET MORE ACCESS TO JAPANESE BONDS</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>The Finance Ministry has accepted a
+decision by the securities industry to expand the share of
+foreign brokers in the 10-year bond underwriting syndicate to
+5.73 pct from 1.19 pct now, a ministry spokesman said.
+    Earlier this month, the ministry approved a plan to expand
+the securities industry's share in the syndicate to 26.2 pct
+from 26 pct from April to allow six foreign securities firms to
+participate, he said.
+    The banks' share in the syndicate will be cut to 73.8 pct
+from 74 pct from April.
+    Each of the original 17 foreign brokers had a 0.07 pct
+share, but the securities industry said in a report accepted by
+the ministry that it decided to raise the share of some foreign
+firms due to their commitment to the Japanese market.
+    Salomon Brothers Asia Ltd will have one pct, while S.G.
+Warburg and Co Ltd, Goldman, Sachs International Corp, Jardine
+Fleming (Securities) Ltd, First Boston Corp, Merrill Lynch
+Securities Co and Morgan Stanley and Co Inc will each have 0.5
+pct.
+    Vickers da Costa Ltd and Smith Barney, Harris Upham
+International Inc will each have 0.3 pct. Kleinwort, Benson
+Ltd, Kidder, Peabody and Co Ltd, Drexel Burnham Lambert Inc,
+Deutsche Bank AG and W.I. Carr, Sons and Co each get 0.1 pct.
+    Bache Securities (Japan) Ltd, Hoare Govett (Far East) Ltd
+and J. Henry Schroeder Bank and Trust Co and the six new
+syndicate members -- E.F. Hutton International Inc, Shearson
+Lehman Brothers Asia Inc, Dresdner Bank AG, Swiss Bank Corp
+International Asia Inc, Sogen Security Corp and Swiss Union
+Philips and Drew Ltd -- will each have a 0.07 pct share in the
+securities industry.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14734" NEWID="9213">
+<DATE>25-MAR-1987 07:18:24.59</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0502&#31;reute
+r f BC-YEN-MAY-RISE-TO-140-T   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEN MAY RISE TO 140 TO THE DLR, NIKKEIREN SAYS</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>The yen could rise to 140 yen to the
+dollar, a leading Japanese businessman said.
+    Bumpei Otsuki, president of the influential Japan
+Federation of Employers' Associations, (Nikkeiren), told
+reporters: "The yen might rise as far as 140 (to the dollar).
+The U.S. Economy is not good, and as long as the U.S. Economy
+is not good, the U.S. Will put various pressures (on Japan)."
+    "The yen's level depends on the condition of the U.S.
+Economy rather than Japan's economy, and as long as the
+American situation is bad, the yen will continue to rise," he
+said.
+    To cope with the negative impact of the strong yen,
+Japanese enterprises must strive to cut costs by all means,
+including holding down wages as much as possible, Otsuki said.
+    He rejected recent calls from some government quarters for
+wage increases this year as a means of raising private
+consumption and thus boosting domestic demand.
+    "We have to keep wages as low as possible," he said.
+    He also said the yen's large and rapid rise is depressing
+the outlook for the Japanese economy, noting that in addition
+to hurting exporters it is also damaging domestic market
+manufacturers through cheap imports.
+    Parts of the service sector are also threatened, Otsuki
+said.
+    Tertiary industries provide services to manufacturers and a
+downturn in manufacturing profits will adversely affect service
+industries, he said.
+    It is also doubtful whether the tertiary sector can fully
+employ those put out of work in the manufacturing sector, he
+said.
+    Profits of service sector companies are likely to fall in
+the business year ending in March 1988, leading to a possible
+recession in the Japanese economy, he said.
+    Otsuki said economic growth is unlikely to pick up beyond
+levels experienced in 1986.
+    The government's Economic Planning Agency said last week
+the economy grew at 2.5 pct in 1986, the worst performance
+since 1974 when the economy shrank 1.4 pct due to the first oil
+price crisis.
+    In order to stimulate domestic demand and boost the
+economy, tax reforms aimed at bringing down the cost of land
+and reforming the nation's housing stock are needed, along with
+steps to bring down the high cost of commodities, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14735" NEWID="9214">
+<DATE>25-MAR-1987 07:22:34.64</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0516&#31;reute
+r f BC-JAPAN-BUYS-MODEST-AMO   03-25 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS MODEST AMOUNT OF DOLLARS, DEALERS SAY</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>The Bank of Japan bought a modest amount
+of dollars this morning, possibly around 200 to 300 mln,
+dealers said.
+    One dealer said the central bank bought about 200 mln dlrs
+through brokers and the rest through banks. The buying began
+when the dollar was at about 149.60 yen, and helped drive the
+U.S. Currency up to around 150, he said.
+    Another said the central bank seemed to be trying to push
+the dollar up above 150 yen. But heavy selling at around that
+level quickly pushed the dollar back down towards 149 yen,
+dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14736" NEWID="9215">
+<DATE>25-MAR-1987 07:25:24.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0520&#31;reute
+u f BC-BRAZIL/BANK-COMMITTEE   03-25 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL/BANK COMMITTEE AGREE ON CREDIT REQUEST</TITLE>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>Brazil and its bank advisory committee
+agreed to transmit a request for an extension of short-term
+credit lines totaling 16 billion dlrs for 60 days until May 31,
+Brazilian Central Bank President Francisco Gros said.
+    Speaking after talks with the committee here, Gros also
+said he did not expect to make interest payment to the banks at
+this moment.
+    He added that "no one should expect any dramatic
+developments before March 31."
+    Brazil last month suspended interest payments on its 68
+billion dlrs debt to commercial banks and froze short-term
+trade and money market lines.
+    Bankers said they would relay the Brazilian request for an
+extension but declined to say whether they were specifically
+endorsing it.
+    Gros said the decision, which he called a "standstill"
+arrangement, will be communicated to Brazil's 700 bank
+creditors by telex tomorrow. Banks had been pressing Brazil to
+make at least a token interest payment, but Gros said the
+government was unable to comply for the moment.
+    He stressed however that Brazil was willing to pay as soon
+as it could, but added that a payment of interest was not
+connected with the extension of the credit lines.
+    "That would not be wise," he said.
+    He said that the extension of the short-term lines would
+not be carried out through "an official instrument" as there was
+not time to complete the legal requirements.
+    Gros said Brazil was likely to meet again with the 14-bank
+advisory committee once Brazil had information to present on an
+economic plan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14737" NEWID="9216">
+<DATE>25-MAR-1987 07:26:42.04</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>uk</D><D>france</D><D>uk</D><D>canada</D><D>west-germany</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0524&#31;reute
+r f BC-JAPAN-DOES-NOT-INTEND   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DOES NOT INTEND TO CUT DISCOUNT RATE-SUMITA</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita
+said the central bank has no intention of cutting its discount
+rate again as a way of preventing the yen's rise.
+    He told a press conference that the growth of Japanese
+money supply remains high.
+    The bank will have to watch closely various developments
+resulting from its already eased monetary stance, such as the
+sharp rise in real estate and stock prices, he said.
+    Although the yen's rise will have a greater deflationary
+impact on the economy, the economy is not likely to slow down
+much further, Sumita said.
+    "I don't think we should change our economic outlook at the
+moment," Sumita said.
+    Sumita has said in the past that he expects the economy to
+show a gradual upturn in the second half of the year.
+    The governor said the six major industrial nations are
+expected to review last month's pact on currency stability when
+they meet next in April.
+    Dealers said they expect the six - Britain, Canada, France,
+Japan, the U.S. Amd West Germany - to meet just before the
+IMF/World Bank interim committee meeting in Washington starting
+on April 9.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14738" NEWID="9217">
+<DATE>25-MAR-1987 07:27:18.76</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0527&#31;reute
+b f BC-U.K.-MONEY-MARKET-FOR   03-25 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET FORECAST REVISED TO SHOW SURPLUS</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>The Bank of England said it had revised
+its forecast of the liquidity position in the money market
+today to a surplus of 150 mln stg after it estimated a flat
+position earlier this morning.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14739" NEWID="9218">
+<DATE>25-MAR-1987 07:27:24.22</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0528&#31;reute
+b f BC-BANK-OF-ENGLAND-DOES   03-25 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND DOES NOT OPERATE IN MONEY MARKET</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>The Bank of England said it had not
+operated in the money market during the morning session.
+    Earlier, the Bank revised its forecast of the liquidity
+position in the system today to a surplus of 150 mln stg from
+its original estimate of a flat position.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14740" NEWID="9219">
+<DATE>25-MAR-1987 07:27:47.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0530&#31;reute
+r f BC-BANK-OF-JAPAN-TO-SELL   03-25 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 300 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>The Bank of Japan will sell 300 billion
+yen of government financing bills tomorrow under a 29-day
+repurchase accord maturing April 24 to soak up a projected
+money market surplus, market sources said.
+    The surplus is estimated at 350 billion yen, due mainly to
+excess bank holdings of yen funds after heavy dollar purchases
+in the foreign exchange market yesterday, money traders said.
+    The yield on the bills for sales to banks and securities
+houses from money houses will be 3.9495 pct against the 3.9375
+pct discount rate for one-month commercial bills and the
+4.58/42 pct yield on one-month certificates of deposit today.
+    The operation will put the outstanding bill supply at about
+1,900 billion yen, money traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14741" NEWID="9220">
+<DATE>25-MAR-1987 07:28:52.81</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0534&#31;reute
+r f BC-EXCHANGE-RATES-ALMOST   03-25 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXCHANGE RATES ALMOST WITHIN G-6 LEVELS - SUMITA</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita
+said that current exchange rates are almost within the levels
+agreed to by six major nations last month in Paris.
+    Asked whether a dollar/yen rate of 148 or 149 reflected
+economic fundamentals, he said current rates almost reflect
+fundamentals.
+    Sumita told reporters major nations have cooperated to
+bring about currency stability in line with the Paris
+agreement, which stipulated that they would closely cooperate
+to that end. He repeated the central bank will intervene if
+necessary, adding he did not think a dollar free-fall was
+likely.
+    But Sumita said he could not say exactly what currency
+levels would be considered in line with underlying economic
+fundamentals.
+    In Paris on February 22, Britain, Canada, France, Japan,
+the U.S. And West Germany agreed to cooperate to hold
+currencies around their then current levels.
+    Sumita said he could not find any specific reasons behind
+the fall of the dollar to a record low against the yen
+yesterday. But he said the market rushed to sell dollars as it
+nervously reacted to statements abroad and to developments
+surrounding trade tensions.
+    U.S. Treasury Secretary James Baker said over the weekend
+that the Paris pact did not encompass fixed tragets for the
+dollar. U.S. Trade Representative Clayton Yeutter called
+U.S/Japan relations on certain key trade issues very strained.
+    The market reacted nervously because the dollar has been
+moving narrowly against the yen since mid-January, Sumita said.
+He added he does not expect the yen/dollar exchange rate to
+remain unstable because the market is concerned about a sharp
+rise of the yen.
+    The Bank of Japan will keep a close watch on exchange rates
+in line with the Paris accord, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14742" NEWID="9221">
+<DATE>25-MAR-1987 07:30:09.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>pakistan</D><D>afghanistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0538&#31;reute
+u f BC-AFGHAN-BOMBING-TOLL-A   03-25 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFGHAN BOMBING TOLL ALMOST 150</TITLE>
+<DATELINE>    ISLAMABAD, March 25 - </DATELINE><BODY>Afghan warplanes killed almost 150
+people in bombing raids into Pakistani territory last Monday,
+Pakistani officials said.
+    The death toll rose from a previously reported 85 as news
+emerged that a third village had been hit. About 45 people were
+killed in Lwarai Mandi in North Waziristan Tribal Agency,
+officials said.
+    The death toll in Angur Adar in South Waziristan rose to 23
+and the toll in Teri Mangal in Kurram Agency rose to 81. The
+Soviet-backed Afghan government has not commented on the
+reports. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14743" NEWID="9222">
+<DATE>25-MAR-1987 07:30:26.26</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0540&#31;reute
+r f BC-JAPAN-ASKS-TRADERS,-E   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ASKS TRADERS, EXPORTERS TO CUT DOLLAR SALES</TITLE>
+<DATELINE>    TOKYO, March 25 - </DATELINE><BODY>The Ministry of International Trade and
+Industry (MITI) has asked about 30 Japanese trading houses and
+exporters to refrain from excessive dollar selling, trading
+house officials said.
+    The officials told Reuters MITI asked them to moderate
+their foreign exchange trading because the excessive rise in
+the yen will have unfavourable effects on the economy. It made
+the request by telephone.
+    A MITI official said the ministry has conducted a survey of
+foreign exchange trading by trade houses and exporters. But he
+said it was not aimed at moderating dollar selling.
+    The trading house officials said MITI had asked them to
+undertake foreign exchange transactions with due consideration
+to the adverse effects excessive exchange rate movements would
+have on the economy.
+    The MITI official said MITI undertakes such surveys when
+exchange rates fluctuate widely. A similiar survey was made
+when the currency fell to the previous record low of 149.98 on
+January 19. It hit a new record low of 148.20 yen yesterday.
+    He said the survey showed currency transactions by trade
+houses and exporters contributed little to the dollar fall.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14744" NEWID="9223">
+<DATE>25-MAR-1987 07:32:57.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0546&#31;reute
+u f BC-SWIRE-UNCOMMITTED-ON   03-25 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWIRE UNCOMMITTED ON PROPOSED NEW H.K. AIRPORT</TITLE>
+<DATELINE>    HONG KONG, March 25 - </DATELINE><BODY>Swire Pacific Ltd &lt;SWPC.HKG> and its
+50.25 pct unit Cathay Pacific Airways Ltd &lt;CAPH.HKG> are still
+undecided whether they would participate in the proposed new
+airport for Hong Kong, chairman of both Michael Miles said.
+    "We don't want to jump the fence prematurely. We want to
+know the government's position first," he told a press
+conference. "The new airport is still a long way away. But if it
+does go ahead we will be involved." He declined to elaborate but
+noted that no other company has more at stake in a Hong Kong
+airport than the Swire group, which controls &lt;Hongkong Aircraft
+Engineering Co Ltd>.
+    The idea for a second airport has been proposed for more
+than a decade but in 1982 the government shelved the plan for
+being too expensive. Early this year a consortium led by
+&lt;Hopewell Holdings Co Ltd> presented the government with a 25
+billion H.K. Dlr scheme of infrastructure development including
+an airport, a deep water port and highways to China.
+    Hopewell said it will take a 20 pct stake in the project
+while Cheung Kong (Holdings) Ltd &lt;CKGH.HKG> and Hutchison
+Whampoa Ltd &lt;HWHH.HKG> will take a combined 20 pct. Earlier
+today Hopewell said &lt;Jardine Matheson and Co Ltd> will take a
+five pct interest in the project.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14745" NEWID="9224">
+<DATE>25-MAR-1987 07:33:34.64</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0552&#31;reute
+r f BC-CENTRAL-BANKS-BUY-DOL   03-25 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANKS BUY DOLLARS FOR YEN IN LONDON</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>The Bank of Japan intervened to stem
+strong yen rises against the dollar during London trading this
+morning, dealers said.
+    The Bank of Japan here declined comment.
+    The Bank of England was also rumored to be buying dollars
+against the yen this morning but it also declined comment.
+    Dealers said the intervention halted a sudden late morning
+drop to a low of 148.65 yen, holding the dollar steady until
+midsession at about 148.80.
+    The Bank of England was strongly rumored to have intervened
+on behalf of the dollar against the yen yesterday, but it gave
+no confirmation.
+    Overnight reports from Tokyo said that the Bank of Japan
+was aggressively supporting the dollar, but failed to push it
+back to the perceived target level of 150 yen.
+    Selling during the London trading morning was largely
+attributed to Japanese institutions.
+    Dealers here were loath to quantify the scale of Bank of
+Japan action this morning. One U.S. Bank trader said it could
+have been up to 500 mln dlrs, but said this was largely a
+guess.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14746" NEWID="9225">
+<DATE>25-MAR-1987 07:35:07.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0555&#31;reute
+u f PM-DEBT 1STLD  03-25 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL, BANKS FAIL TO MAKE BREAKTHROUGH IN DEBT TALKS</TITLE>
+<AUTHOR>    By Keith Grant</AUTHOR>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>Brazil and its bank creditors failed to
+achieve any breakthrough in debt talks here last night after
+Brazil refused to say when it would resume interest payments.
+    Central Bank governor Francisco Gros said after a meeting
+with a 14-bank advisory committee that Brazil cannot make any
+interest payments at this time, though it would do so "as soon
+as we can."
+    The talks came as the annual meeting of the 44-nation
+Inter-American Development Bank (IADB), in which both Gros and
+the bankers had been taking part, moved toward a close here.
+    Bankers leaving the meeting with Gros declined to discuss
+details of the talks, though some expressed satisfaction that
+Brazil had agreed to continue working with the committee.
+    At the same time, Gros told reporters not to expect any
+dramatic developments before March 31, the date when some U.S.
+banks have said they will take a decision whether to put Brazil
+loans on a non-performing basis.
+    Brazil suspended interest payments on its 68 billion dlr
+foreign debt to commercial banks on February 20 and shortly
+after announced it was freezing some 16 billion dlrs in
+short-term credit lines.
+    Banks are not obliged to declare these loans non-performing
+before 90 days have elapsed, but the move to announce a
+possible decision in this respect was viewed as a means of
+exerting pressure on Brazil.
+    The bank committee, headed by Citibank, had been pressing
+Brazil to make at least a token payment of interest but Gros
+said this was not possible right now.
+    "We are not in a position to make a payment at this stage,"
+Gros said.
+    At the same time, the two sides reached a stopgap
+arrangement on the short-term trade and money-market credit
+lines, whereby the committee agreed to transmit a Brazilian
+request to extend the lines for 60 days until May 31.
+    Banks have been indicating they will not renew credit lines
+in response to the Brazilian move.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14747" NEWID="9226">
+<DATE>25-MAR-1987 07:39:41.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE><D>zhao-ziyang</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0570&#31;reute
+u f BC-CHINA-MUST-REFORM-IRR   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA MUST REFORM IRRATIONAL PRICE SYSTEM, ZHAO</TITLE>
+<DATELINE>    PEKING, March 25 - </DATELINE><BODY>China's Premier Zhao Ziyang said the
+country must continue to reform its "irrational" price system
+although this will mean price rises and cause living standards
+for some people to fall.
+    Zhao said China's price system is irrational due to
+"prolonged negligence of the law of value and due to the rigid
+and excessive state control."
+    "The prices of farm products, energy, raw and semi-finished
+materials and other primary products have long been too low and
+many products have long been in short supply," he said.
+    Price reforms are necessary to "establish a new vigorous
+socialist economic structure, to effectively promote production
+and commodity circulation and provide correct guidance to
+consumption," Zhao added.
+    Reforms are bound to lead to a rise in the general price
+level but will only be implemented after careful studies so as
+to keep the increase within the capacity of society and the
+people "to withstand the strain."
+     He said the general price level will rise in 1987 less
+than in 1986, with price increases of a very small number of
+products.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14748" NEWID="9227">
+<DATE>25-MAR-1987 07:43:05.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0578&#31;reute
+u f BC-SEVERE-DROUGHT-AFFECT   03-25 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEVERE DROUGHT AFFECTS EAST, NORTHEAST THAILAND</TITLE>
+<DATELINE>    BANGKOK, March 25 - </DATELINE><BODY>A severe drought has affected 170,560
+hectares of farmlands in six eastern and northeastern
+provinces, Interior Permanent Secretary Pisarn Mulasartsathorn
+said.
+    He told reporters some 178,790 farming families in 45
+districts in Chaiyaphum, Korat, Phrae, Chainat, Rayong and Trat
+provinces were seeking relief water from the government.
+    The official did not say what crops have been damaged.
+    Senior Interior Ministry officials said this week the worse
+than average drought this year has affected 14 provinces and
+may last until early May.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14749" NEWID="9228">
+<DATE>25-MAR-1987 07:50:39.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0593&#31;reute
+u f BC-BICC-SEEKS-ACCELERATE   03-25 0112</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BICC SEEKS ACCELERATED EARNINGS GROWTH LONDON, March 25 - BICC
+Plc &lt;BICC.L>, which earlier announced a 10 pct rise in 1986
+pre-tax profits, said it was determined to achieve higher
+levels of performance, quality and service to accelerate its
+improvement in earnings.
+    BICC said in a statement that sales in BICC Cables were
+down on 1985 due to a sharp drop in demand for cable in the oil
+and chemical industries after the oil price drop. But profits
+in Balfour Beatty were substantially improved.
+    Profits increased in BICC Technologies and in BICC
+International in local currency terms, while Associated British
+Cables had another excellent year, the company said.
+    BICC shares were last quoted at 357p, up from 344p at
+yesterday's close, in buoyant response to results which were
+ahead of market expectations, dealers said.
+    BICC pre-tax profits rose to 101 mln stg in 1986 from 92
+mln in 1985, with turnover rising from 2.11 billion stg in 1985
+to 2.14 billion stg in 1986.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14750" NEWID="9229">
+<DATE>25-MAR-1987 08:03:02.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0620&#31;reute
+u f BC-OCEAN-TRANSPORT-AND-T   03-25 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCEAN TRANSPORT AND TRADING PLC &lt;OTTL.L> YEAR 1986</TITLE>
+<DATELINE>    LONDON, March 25 -
+    </DATELINE><BODY>Shr net basis 21.4p vs 17.5p
+    Div 6.1p making 9p vs 6.5p
+    Pretax profit 37.2 mln stg vs 31.9 mln
+    Net after tax 25.7 mln vs 20.3 mln
+    Minority interest 700,000 vs 1.1 mln
+    Extraordinary debit 1.9 mln vs 3.5 mln
+    Turnover 827 mln vs 766.9 mln
+    Note - The company said the sale of the minority holding in
+OCL in 1986 has transformed the balance sheet and enables it to
+accelerate development.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14751" NEWID="9230">
+<DATE>25-MAR-1987 08:10:23.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0641&#31;reute
+u f BC-DART-GROUP-RAISES-SUP   03-25 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DART GROUP RAISES SUPERMARKETS GENERAL &lt;SGL> BID</TITLE>
+<DATELINE>    LANDOVER, Md., March 25 - </DATELINE><BODY>&lt;Dart Group Corp> said it has
+raised its offer to acquire Supermarkets General Corp to 42.00
+dlrs in cash and three dlrs in exchangeable preferred stock per
+Supermarkets General share from 41.75 dlrs per share in cash.
+    The company said it would also be willing to negotiate a
+plan with the Supermarkets General board under which
+Supermarkets General shareholders would have a common stock
+interest in the combined company.  It said it remains willing
+to negotiate all terms of the proposed acquisition.
+    The original bid was worth about 1.62 billion dlrs.
+    Dart said the preferred stock in the new bid would be
+exchangeable for a new class of Supermarkets General debt
+securities that would be developed by Dart and Supermarkets.
+    The new proposal would be subject to approval by the
+Supermarkets General board, it said.  The new bid was contained
+in a letter to the Supermarkets General board.
+    In Woodbridge, N.J., Supermarkets General -- responding to
+a previous letter to its board by Dart -- said "Your conduct
+indicates to us that no transaction involving trust and
+confidence can be entered into with you.  Your propaganda and
+missstatements will not panic our board."
+    Dart, in its previous letter, had alleged that Supermarkets
+General executives were seeking millions of dollar in severance
+and tax payments from Dart.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14752" NEWID="9231">
+<DATE>25-MAR-1987 08:13:22.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0654&#31;reute
+r f BC-OLSON-INDUSTRIES-INC   03-25 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLSON INDUSTRIES INC &lt;OLSN> 4TH QTR NET</TITLE>
+<DATELINE>    SHERMAN OAKS, Calif., March 25 -
+    </DATELINE><BODY>Oper shr 28 cts vs 1.16 dlrs
+    Oper net 194,000 vs 1,255,000
+    Sales 27.5 mln vs 30.5 mln
+    Year
+    Oper shr 2.68 dlrs vs 63 cts
+    Oper net 1,880,000 vs 684,000
+    Sales 100.5 mln vs 115.6 mln
+    Avg shrs 700,086 vs 1,079,165
+    NOTE: 1986 net excludes tax credits of 1,042,000 dlrs in
+quarter and 1,603,000 dlrs in year.
+    Net excludes discontinued operations gain 330,000 dlrs vs
+loss 385,000 dlrs in quarter and gain 485,000 dlrs vs loss
+2,692,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14753" NEWID="9232">
+<DATE>25-MAR-1987 08:13:32.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0656&#31;reute
+r f BC-OLSON-&lt;OLSN>-TO-HAVE   03-25 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLSON &lt;OLSN> TO HAVE LOSS FROM EGG UNIT SALE</TITLE>
+<DATELINE>    SHERMAN OKAS, Calif., March 25 - </DATELINE><BODY>Olson Industries Inc said
+it is in final negotiations on the sale of its remaining egg
+operations and expects the sale to generate a charge of about
+two mln dlrs against 1987 net income.
+    The company said, however, that the sale will generate
+substantial cash flow to pay off bank debt and improve working
+capital, eliminate unmanageable effects on profits of the price
+instability of the egg business and allow it to concentrate on
+its plastics packaging business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14754" NEWID="9233">
+<DATE>25-MAR-1987 08:14:49.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0658&#31;reute
+u f BC-JEFFERIES-&lt;JEFG>-SETS   03-25 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES &lt;JEFG> SETS SUPERMARKETS &lt;SGL> MARKET</TITLE>
+<DATELINE>    LOS ANGELES, March 25 - </DATELINE><BODY>Jefferies Group Inc said it is
+making a market in the stock of Supermarkets General Corp.
+    It said the current bid is 45 dlrs bid, 46 dlrs offered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14755" NEWID="9234">
+<DATE>25-MAR-1987 08:20:42.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0671&#31;reute
+r f BC-E.D.-and-F.-MAN-TO-BU   03-25 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.D. And F. MAN TO BUY INTO HONG KONG FIRM</TITLE>
+<DATELINE>    HONG KONG, March 25 - </DATELINE><BODY>The U.K. Based commodity house E.D.
+And F. Man Ltd and Singapore's Yeo Hiap Seng Ltd jointly
+announced that Man will buy a substantial stake in Yeo's 71.1
+pct held unit, Yeo Hiap Seng Enterprises Ltd.
+    Man will develop the locally listed soft drinks
+manufacturer into a securities and commodities brokerage arm
+and will rename the firm Man Pacific (Holdings) Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14756" NEWID="9235">
+<DATE>25-MAR-1987 08:24:17.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0679&#31;reute
+r f BC-ORACLE-CORP-&lt;ORCL>-3R   03-25 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORACLE CORP &lt;ORCL> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    BELMONT, Calif., March 25 -
+    </DATELINE><BODY>Shr 16 cts vs eight cts
+    Net 4,834,000 vs 2,052,000
+    Revs 34.9 mln vs 16.0 mln
+    Avg shrs 31.1 mln vs 26.8 mln
+    Nine mths
+    Shr 26 cts vs 13 cts
+    Net 8,006,000 vs 3,310,000
+    Revs 80.9 mln vs 34.5 mln
+    Avg shrs 30.8 mln vs 26.3 mln
+    NOTE: Share adjusted for two for one stock split.
+    Current year net includes capitalized software costs of
+1,295,000 dlrs in quarter and 3,701,000 dlrs in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14757" NEWID="9236">
+<DATE>25-MAR-1987 08:24:40.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0681&#31;reute
+r f BC-DISNEY-&lt;DIS>-OPENING   03-25 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DISNEY &lt;DIS> OPENING EXPERIMENTAL RETAIL OUTLET</TITLE>
+<DATELINE>    BURBANK, Calif., March 25 - </DATELINE><BODY>Walt Disney Co said it will
+open its first non-tourist retail operation on March 28 at the
+Galleria shopping mall in Glendale, Calif.
+    The company said the 2,400 square foot store will test
+consumer response to a retail outlet featuring all Disney
+character merchandise.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14758" NEWID="9237">
+<DATE>25-MAR-1987 08:24:56.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0682&#31;reute
+r f BC-ENTERRA-CORP-&lt;EN>-4TH   03-25 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTERRA CORP &lt;EN> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 25 -
+    </DATELINE><BODY>Shr loss 4.14 dlrs vs loss 19 cts
+    Net loss 37.1 mln vs loss 1,712,000
+    Revs 27.3 mln vs 33.4 mln
+    Year
+    Shr loss 5.51 dlrs vs loss 73 cts
+    Net loss 49.3 mln vs loss 6,544,000
+    Revs 109.0 mln vs 141.9 mln
+    NOTE: 1986 net both periods includes 34.8 mln dlr
+weritedown of assets of services segment and Southeast Asian
+joint venture.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14759" NEWID="9238">
+<DATE>25-MAR-1987 08:25:20.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0683&#31;reute
+r f BC-JOHNSTOWN/CONSOLIDATE   03-25 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSTOWN/CONSOLIDATED REALTY TRUST &lt;JCT> NET</TITLE>
+<DATELINE>    EMERYVILLE, Calif., March 25 - </DATELINE><BODY>4th qtr
+    Shr 15 cts vs eight cts
+    Net 1,800,000 vs one mln
+    Year
+    Shr 51 cts vs 1.10 dlrs
+    Net 6,200,000 vs 13.2 mln
+    NOTE: Net includes loan loss provisions of 14 cts shr vs 18
+cts in quarter and 24 cts shr vs 36 cts in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14760" NEWID="9239">
+<DATE>25-MAR-1987 08:25:56.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0687&#31;reute
+r f BC-DURIRON-&lt;DURI>-COMPLE   03-25 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DURIRON &lt;DURI> COMPLETES VALTEK &lt;VALT> PURCHASE</TITLE>
+<DATELINE>    DAYTON, Ohio, March 25 - </DATELINE><BODY>Duriron Co Inc said it has
+completed the acquisition of Valtek Inc for 11.75 dlrs per
+share following Valtek shareholder approval yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14761" NEWID="9240">
+<DATE>25-MAR-1987 08:26:17.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0689&#31;reute
+s f BC-WASHINGTON-FEDERAL-SA   03-25 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON FEDERAL SAVINGS &lt;WFSL> QUARTERLY DIV</TITLE>
+<DATELINE>    SEATTLE, Wash., March 24 -
+    </DATELINE><BODY>Qtly div 17 cts vs 17 cts
+    Pay April 24
+    Record April 7
+    Note: year ago adjusted to reflect March 19 three-for-two
+stock split.
+    (Washington Federal Savings and Loans Association)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14762" NEWID="9241">
+<DATE>25-MAR-1987 08:27:16.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0692&#31;reute
+a f BC-SINGER-&lt;SMF>-GETS-TEX   03-25 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGER &lt;SMF> GETS TEXAS AIR &lt;TEX> CONTRACT</TITLE>
+<DATELINE>    STAMFORD, Conn., March 25 - </DATELINE><BODY>Singer Co said it has signed a
+12-year contract with Texas Air Corp's Continental Airlines Inc
+unit to lease Continental an aircraft simulator for flight crew
+training.
+    Singer said it will also market training on the simulator
+to other airlines.
+    The company said initially it will provide a simulator for
+McDonnell Douglas Corp's MD-80 but will replace that simulator
+in 1988 with one for the MD-82.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14763" NEWID="9242">
+<DATE>25-MAR-1987 08:30:38.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0698&#31;reute
+u f BC-ROWLEY-SCHER-&lt;RSCH>-T   03-25 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROWLEY-SCHER &lt;RSCH> TO HAVE LOSS FOR YEAR</TITLE>
+<DATELINE>    BELTSVILLE, Md., March 25 - </DATELINE><BODY>Rowley-Scher Reprographics Inc
+said it expects to report an operating loss and a loss from the
+sale of its Mid South Repro subsidiary for the year ending
+MArch 31.
+    Last year, the company reported earnings of 977,000 dlrs.
+    Rowley-Scher did not disclose details of the sale of Mid
+South Repro.
+    It said the sale has eliminated an unprofitable operation.
+    The company also said it will open two new reprographic
+centers in the Washington/Baltimore area within the next three
+weeks, brining the total there to 11, and a new downtown Boston
+location in the same time period, brining the number in the
+Boston area to four.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14764" NEWID="9243">
+<DATE>25-MAR-1987 08:32:45.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0704&#31;reute
+f f BC-******DIXONS-SAID-IT   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DIXONS SAID IT GOT AND ACCEPTED ONLY 20 PCT OF CYCLOPS SHARES IN TENDER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14765" NEWID="9244">
+<DATE>25-MAR-1987 08:34:10.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0711&#31;reute
+u f BC-LONDON-ON-RISE-AS-TRA   03-25 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON ON RISE AS TRADING CENTRE IN U.S. DEBT</TITLE>
+<AUTHOR>    By Norma Cohen, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>London's rise as a trading centre for
+U.S. Government debt has been spurred by the increasing use of
+interest rate swaps, which are now arranged for most new issues
+in the eurobond markets, traders and analysts said.
+    Indeed, eurobond traders estimate that about 80 pct of all
+new debt issued here last year -- over 186 billion dlrs worth
+-- was part of either an interest rate or currency swap.
+    "The U.S. Treasuries market here is swap-driven," said David
+Jones, vice president at Goldman Sachs and Co international and
+head of its U.S. Government bond trading desk.
+    "It is commonplace to have trades of 100 mln dlrs or more in
+10-years, seven years or five years, all related to an interest
+rate swap or hedging of a eurobond deal," Jones said at a recent
+conference on the U.S. Treasuries market.
+    Just a year or so ago, he said, trades of that size going
+through brokers screens in London were unthinkable.
+    Traders said that over the past two weeks, while trading in
+U.S. Treasuries has been almost frozen by indecision over the
+direction of interest rates, swap-related deals have provided
+the sole source of new business.
+    Dealers said that last week, a 260 mln dlr trade involving
+two and 10-year Treasuries was transacted on brokers' screens.
+    The trade, they said, was swap related.
+    There are no firm figures on exactly how much U.S. Treasury
+debt is traded here and estimates vary widely.
+    But Wrightson Economics, a U.S.-based research firm which
+drew its data from U.S. Treasury reports, estimated that gross
+transactions in U.S. Government securities in London rose to
+341 billion dlrs in the first nine months of 1986 alone,
+against 188 billion in all of 1985.
+    Wrightson estimates that about 20 pct of all U.S. Treasury
+trading is transacted outside the U.S., With Tokyo forming the
+third major centre.
+    And while figures are not yet available for the last
+quarter, the anecdotal evidence suggests that the trend
+continued, traders say.
+    Richard Lacy, chief executive at Exco International, put
+average daily Treasuries trading volume in London at about 15
+billion dlrs. Exco recently purchased an 80 pct interest in RMJ
+Securities inc, one of the four major brokers in U.S.
+Government bonds which has offices in London, New York and
+Tokyo.
+    But Dick Van Splinter, president of RMJ's competitor,
+Fundamental Brokers Inc's London operations, estimates average
+daily turnover is no more than four to five billion dlrs.
+    But even at the low range of estimates, Treasuries trading
+volume is at least equal to that in the U.K.'s own government
+bonds, known as gilts.
+     Jeremy Ford, vice president at Bankers Trust International
+Ltd, explained that U.S. Treasuries are used by intermediaries
+in swap transactions to lock in the "spread," the difference
+between the interest rate the borrower has to pay and the rate
+that the counterparty is obliged to pay.
+    But even beyond swap-related activity, dealers said the
+nature of trading in London has changed.
+    "The interesting thing our figures show is the transition in
+London from a marketing effort to a trading effort," said Louis
+Crandall, an economist at Wrightson who has been collecting the
+data.
+    Crandall said that previously, firms' activities were
+limited to trying to sell U.S. Securities to European
+investors. Now, however, they appear increasingly willing act
+as principal in transactions rather than acting on behalf of
+their New York offices.
+    Increasingly, traders say, firms maintain separate profit
+and loss sheets for their London operations so that trading
+decisions can be made independently from the U.S. Headquarters.
+    Many of the major U.S. Firms, including Merrill Lynch and
+Co, Shearson Lehman Brothers Inc and Chemical Bank trade for
+their own accounts here.
+    Also, traders point out, the number of U.S. Firms operating
+in London has increased sharply over the past year, as has the
+number of European and Asian banks which trade U.S. Government
+securities.
+    Within the past few months, National
+Westminster Bank Plc's County Bank subsidiary and Swiss Bank
+Corp have applied to the Federal Reserve Bank of New York to
+become primary dealers in U.S. Government securities and their
+London offices have just recently received direct-dealing
+brokers screens.
+    And Donaldson Lufkin Jenrette, already a primary dealer, is
+preparing to open a U.S. Treasuries trading desk in London.
+    Dick Van Splinter, president of Fundamental Brokers Inc,
+the largest of the four major government bond brokers here,
+said he now has 45 firms using direct-dealing screens, up from
+35 a year ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14766" NEWID="9245">
+<DATE>25-MAR-1987 08:36:41.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0722&#31;reute
+d f BC-MATSUSHITA-TO-ISSUE-2   03-25 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MATSUSHITA TO ISSUE 200 BILLION YEN CONVERTIBLE</TITLE>
+<DATELINE>    OSAKA, March 25 - </DATELINE><BODY>Matsushita Electric Industrial Co Ltd
+&lt;MC.T> said it will issue a 200 billion yen unsecured
+convertible bond in the domestic capital market through public
+placement with Yamaichi Securities Co Ltd, Nomura Securities Co
+Ltd, Nikko Securities Co Ltd, Daiwa Securities Co Ltd and
+National Securities Co Ltd as underwriters.
+    Coupon and conversion price for the par-priced bond
+maturing on September 30, 1996, will be set before payment on
+May 2.
+    This issue equals in size a record one by Toyota Motor Corp
+last December.
+    Matsushita's shares closed on the Tokyo Stock Exchange at
+1,640 yen, down 50 from yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14767" NEWID="9246">
+<DATE>25-MAR-1987 08:38:10.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0727&#31;reute
+u f BC-DIXONS-GETS-ONLY-20-P   03-25 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIXONS GETS ONLY 20 PCT OF CYCLOPS &lt;CYL> IN BID</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>&lt;Dixons Group PLC> said only about
+852,000 shares of Cyclops Corp common stock, or 20 pct on a
+fully diluted basis, were tendered and not withdrawn under its
+bid for all shares that expired yesterday, but the companmy has
+still decided to accept all shares validly tendered.
+    The company said it now has about 22 pct ownership of
+Cyclops on a fully diluted basis and expects to proceeds toward
+completion of its proposed acquisition of Cyclops.
+    Last week, before extending its Cyclops offer for one week
+at the request of the Securities and Exchange Commission,
+Dixons had reported that 54 pct of Cyclops' stock had been
+tendered in response to its 90.25 dlrs per share offer which
+expired at 2400 EST yesterday.
+    Yesterday, CAYACQ Corp dropped certain conditions of its
+92.50 dlrs a share offer for Cyclops and firmed up the
+financing for the proposed transaction. CAYACQ, an investor
+group led by Audio/Video Affiliates Inc and Citicorp, raised
+the value of its offer from 80 dlrs per Cyclops share on Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14768" NEWID="9247">
+<DATE>25-MAR-1987 08:48:54.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0742&#31;reute
+r f AM-BRITAIN-CONTRAS   03-25 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPPOSITION SAYS UK GOV'T GAVE ARMS TO CONTRAS</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>A leading member of Britain's opposition
+Labour Party said there was strong evidence Prime Minister
+Margaret Thatcher approved the sale of anti- aircraft missiles
+to Nicaraguan Contra rebels during talks last year with U.S.
+Officials involved in the Iran arms scandal.
+    Labour foreign affairs spokesman George Foulkes told
+parliament the U.S. Tower Commission report on the sale of arms
+to Iran showed Colonel Oliver North had tried to obtain 20
+Blowpipe missiles and 10 launchers through a South American
+country from a Belfast-based company, Short Brothers, which
+manufactures the missiles.
+    Short Brothers is owned by the British Government.
+    Junior Foreign Officer Minister Timothy Eggar dismissed the
+claims as "wild and fanciful allegations" with no foundation.
+    Foulkes said North testified he was seeking the help of "a
+head of an allied government" in obtaining the Blowpipes and
+suggested the supply of missiles was discussed during two
+meetings which he said took place between North, the then head
+of the CIA William Casey and Thatcher in 1986.
+    "We need to know what happened at those meetings between Mr
+Casey, Colonel North and the Prime Minister last year. What
+were they talking about if it were not the supply of Blowpipe
+missiles to the Contra terrorists?" Foulkes said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14769" NEWID="9248">
+<DATE>25-MAR-1987 08:49:32.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0745&#31;reute
+d f BC-BRAZIL-ANNOUNCES-NEW   03-25 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL ANNOUNCES NEW PLANNING MINISTER</TITLE>
+<DATELINE>    BRASILIA, March 25 - </DATELINE><BODY>Brazil's new Planning Minister is
+Anibal Teixeira de Souza, the former head of a national welfare
+program, the government said.
+    Teixeira replaces economist Joao Sayad, who last week
+became the latest victim of the turmoil in Brasilia over
+government economic policy.
+    Sayad disagreed with Finance Minister Dilson Funaro on a
+range of policy issues and submitted his resignation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14770" NEWID="9249">
+<DATE>25-MAR-1987 08:50:07.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0747&#31;reute
+d f BC-CITIBANK-LAUNCHES-CUR   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIBANK LAUNCHES CURRENCY WARRANTS</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Citibank NA is issuing up to 50,000
+currency warrants that give the holder a call right on U.S.
+Dollars from marks or yen, Citicorp Investment Bank Ltd said as
+sole manager.
+    Each warrant, priced at 47.50 dlrs, gives the holder the
+right to purchase a nominal sum of 500 dlrs for either 182.50
+marks or 149.50 yen between March 31, 1987 and March 31, 1989.
+    The warrants will be listed in Luxembourg and pay date is
+March 31. Exercise, requiring one day's notice, must be for a
+minimum of 100 warrants through one currency only.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14771" NEWID="9250">
+<DATE>25-MAR-1987 08:50:40.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0752&#31;reute
+u f BC-KAUFMAN-AND-BROAD-HOM   03-25 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAUFMAN AND BROAD HOME CORP &lt;KBH> 1ST QTR FEB 28</TITLE>
+<DATELINE>    LOS ANGELES, March 25 -
+    </DATELINE><BODY>Shr 17 cts vs seven cts
+    Net 4,678,000 vs 1,856,000
+    Revs 110.5 mln vs 61.7 mln
+    Avg shrs 27.0 mln vs 25.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14772" NEWID="9251">
+<DATE>25-MAR-1987 08:51:04.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0755&#31;reute
+r f BC-METRO-CABLE-&lt;METO>-TO   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METRO CABLE &lt;METO> TO SELL PARTNERSHIP</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 25 - </DATELINE><BODY>Metro Cable Corp said it has
+entered into a letter of intent for the sale of limited
+partnership Intermountain Cable Associates for about 3,250,000
+dlrs.
+    Metro and DMN Cable Investors are co-general partners for
+Intermountain.  The name of the buyer was not disclosed.
+    Metro said it has also transfered its northwest Iowa and
+eastern Colorado cablevision systems into a new wholly-owned
+subsidiary called MCC Cablevision. 
+    Metro said the new unit received 2,700,000 dlrs in
+financing from Bank of Boston Corp &lt;BKB> which was used to
+retire Metro Cable's outstanding debt to &lt;National Bank of
+Canada> and for working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14773" NEWID="9252">
+<DATE>25-MAR-1987 08:51:19.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0757&#31;reute
+r f BC-RENOUF-HAS-93.4-PCT-O   03-25 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENOUF HAS 93.4 PCT OF BENEQUITY &lt;BH> UNITS</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>&lt;Renouf Corp International> said it
+now owns 93.4 pct of Benequity Holdings a California Limited
+Partnership.
+    Renouf  said it has accepted for payment all 3,914,968
+units of Benequity Holdings tendered in response to its 31 dlrs
+per unit offer. Along with the 1,449,550 units already held by
+Renouf, it now owns 93.4 pct of the 5,745,706 units outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14774" NEWID="9253">
+<DATE>25-MAR-1987 08:51:32.15</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>australia</D><D>papua-new-guinea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0759&#31;reute
+d f BC-OIL-ANALYST-SEES-PAPU   03-25 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OIL ANALYST SEES PAPUA NEW GUINEA AS GOOD PROSPECT</TITLE>
+<DATELINE>    SURFERS PARADISE, Australia, March 25 - </DATELINE><BODY>Papua New Guinea
+(PNG) provides the most exciting new prospect in the
+Asia-Pacific region for oil production, energy analyst Fereidun
+Fesharaki said here.
+    The recent successful find at Iagifu is likely to put PNG
+on the list of major oil exporters by the early 1990s, he told
+the Australian Petroleum Exploration Association annual
+conference.
+    Fesharaki, leader of the Energy Program at the East-West
+Center in Honolulu, Hawaii, was speaking on the Asia-Pacific
+petroleum outlook.
+    With domestic demand of around 12,000 barrels per day (bpd)
+and prospects of production of over 100,000 bpd by late 1991,
+PNG would become an Ecuador-level crude exporter, Fesharaki
+said.
+    The Iagifu wells in the Papuan Basin have recorded the best
+oil flows in more than 60 years of exploration in PNG.
+    The PNG government's Geological Survey in a paper
+distributed at the conference estimates Iagifu reserves at
+about 500 mln barrels.
+    PNG enjoys the most liberal tax regime in the region with
+no secondary taxes, Fesharaki said.
+    "We expect a much larger oil search in Papua New Guinea, and
+discovery of much larger volumes of oil, similar in quality to
+(light) Bass Strait crude," Fesharaki said.
+    There are also large pockets of high quality condensates to
+be produced, notably in the Juha field near Iagifu which is
+capable of producing 30,000 to 40,000 bpd, he said.
+    But prices should be somewhat higher than the present
+levels to justify development of the Juha field, he said.
+    The PNG Geological Survey paper noted there are five large
+prospective but little-explored sedimentary basins in PNG.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14775" NEWID="9254">
+<DATE>25-MAR-1987 08:52:36.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE><D>zhao-ziyang</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0766&#31;reute
+d f BC-CHINA-TO-TIGHTEN-IMPO   03-25 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TO TIGHTEN IMPORT CONTROL, CUT EXPORT COST</TITLE>
+<DATELINE>    PEKING, March 25 - </DATELINE><BODY>China should tighten imports of ordinary
+goods and restrict or even forbid import of goods which can be
+made domestically, Premier Zhao Ziyang said.
+    He told the National People's Congress, China's parliament,
+that the country's foreign exchange is limited and must be used
+where it is most needed. "We should expand production of import
+substitutes and increase their proportion," he said. On exports,
+China should increase its proportion of manufactured goods,
+especially textiles, light industrial goods, electronics and
+machinery, he said.
+    Zhao said China should lower the cost of exports and
+control the export of goods that incur too much loss.
+    Zhao said China should work to provide a more favourable
+investment environment for foreign businessmen.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14776" NEWID="9255">
+<DATE>25-MAR-1987 08:56:32.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0784&#31;reute
+s f BC-USAIR-GROUP-INC-&lt;U>-S   03-25 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR GROUP INC &lt;U> SETS QUARTERLY</TITLE>
+<DATELINE>    WASHINGTON, March 25 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay April 30
+    Record April 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14777" NEWID="9256">
+<DATE>25-MAR-1987 09:02:05.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE><D>zhao-ziyang</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0800&#31;reute
+d f BC-CHINA-MUST-CUT-DEMAND   03-25 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA MUST CUT DEMAND, CONTINUE REFORMS: ZHAO</TITLE>
+<DATELINE>    PEKING, March 25 - </DATELINE><BODY>China must cut excess demand and capital
+investment in the face of budget and foreign exchange deficits
+but will press ahead with wide-ranging economic reforms in
+1987, Premier Zhao Ziyang told parliament.
+    Zhao told the annual meeting of the National People's
+Congress that while China cooled its overheated economy, cut
+its trade deficit and raised national living standards in 1986,
+serious imbalances remain.
+    Zhao said total social demand exceeds total supply, and
+demand for consumer goods, especially from state firms, is too
+high. "(They) squander public funds to a serious extent ... (and
+issue) excessive wage and bonus increases," he said.
+    Failure to cut this excess will "result in reduced
+accumulation of funds...And serve to corrupt social morality,"
+Zhao said. He said there was a contradiction between low per
+capita incomes and excessively high consumer demand.
+    China needs to accumulate enormous funds for construction
+in its initial stage of socialist modernisation and consumption
+must match the available resources, he said.
+    Zhao said there was a deficit in state finances in 1986
+because of the sharp fall in world oil prices, the rising cost
+of foreign exchange earnings through exports, reduced income
+from customs duties and unreasonably heavy spending.
+    Investment in energy, transport, telecommunications and raw
+and semi-finished materials industries is inadequate and
+investment in non-productive projects is too large, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14778" NEWID="9257">
+<DATE>25-MAR-1987 09:05:42.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0807&#31;reute
+u f BC-YUGOSLAVIA-SEEKS-600   03-25 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA SEEKS 600 MLN ECU LOAN FROM EC</TITLE>
+<DATELINE>    BELGRADE, March 25 - </DATELINE><BODY>Yugoslavia is seeking a loan of 600
+mln ECUs from the European Community for transport system
+modernisation, Deputy Finance Minister Boris Skapin was quoted
+by the official Tanjug news agency.
+    The community has offered Yugoslavia only 380 mln ECUs, he
+said. The loan is to help finance completion of Yugoslavia's
+north-south motorway, railway modernisation and export-oriented
+industrial projects.
+    Skapin told reporters in Brussels yesterday the requested
+loan accounted for only 10 pct of total funds needed for these
+projects, Tanjug said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14779" NEWID="9258">
+<DATE>25-MAR-1987 09:07:44.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0811&#31;reute
+u f BC-MCFARLAND-&lt;MCFE>-TO-B   03-25 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCFARLAND &lt;MCFE> TO BUY PETROMINERALS &lt;PTRO></TITLE>
+<DATELINE>    SANTA FE SPRINGS, Calif., March 25 - </DATELINE><BODY>McFarland Energy Inc
+said its board and that of Petrominerals Corp have approved a
+definitive agreement for McFarland to acquire Petrominerals in
+an exchange of stock.
+    McFarland said it would exchange one common share for each
+5.4 Petrominerals shares.  McFarland said former holders of
+Petrominerals will have a 25 pct interest in the combined
+company.
+    The merger is still subject to approval by shareholders of
+both companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14780" NEWID="9259">
+<DATE>25-MAR-1987 09:07:56.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0812&#31;reute
+r f BC-timminco-acquires   03-25 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIMMINCO ACQUIRES UNIVERSAL ADHESIVES</TITLE>
+<DATELINE>    TORONTO, March 25 - </DATELINE><BODY>&lt;Timminco Ltd> said it acquired
+Universal Adhesives Inc, of Memphis, for undisclosed terms, in
+a move to expand Timminco's operations into the United States.
+    The company said Universal Adhesives, with five U.S.
+plants, has annual sales of 12 mln U.S. dlrs, which will double
+Timminco's presence in the North American adhesives market.
+    Timminco said Universal Adhesives will complement the
+company's Canadian-based industrial adhesives division and is a
+key step in its long-term goal for expansion in the specialty
+chemical field.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14781" NEWID="9260">
+<DATE>25-MAR-1987 09:08:01.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0813&#31;reute
+r f BC-paloma-petroleum-ltd   03-25 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PALOMA PETROLEUM LTD> YEAR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 25 -
+    </DATELINE><BODY>Shr 32 cts vs 29 cts
+    Net 3,320,206 vs 2,990,695
+    Revs 13.5 mln vs 14.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14782" NEWID="9261">
+<DATE>25-MAR-1987 09:11:08.30</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0823&#31;reute
+b f BC-U.K.-MONEY-MARKET-SUR   03-25 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SURPLUS REVISED TO 250 MLN STG</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>The Bank of England said it revised up
+its forecast of today's surplus in the money markets to 250 mln
+stg from its earlier estimate of a 150 mln.
+    The central bank has not operated in the market today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14783" NEWID="9262">
+<DATE>25-MAR-1987 09:11:17.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0824&#31;reute
+r f BC-&lt;TECHNIMED-CORP>-GETS   03-25 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TECHNIMED CORP> GETS FDA APPROVAL FOR DRUG</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Technimed Corp said it has received
+U.S. Food and Drug Administration approval to market its
+proprietary whole blood glucose test.
+    The company said the test is the first home diagnostic
+glucose test to be approved by the FDA that uses simpler
+no-wipe technology. It is designed for use by diabetics in
+managing insulin therapy.
+    Technimed said it has entered into talks with "several
+major pharmaceutical companies" on the marketing of the test.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14784" NEWID="9263">
+<DATE>25-MAR-1987 09:11:21.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0825&#31;reute
+r f BC-american-resource   03-25 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AMERICAN RESOURCE CORP LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 25 -
+    </DATELINE><BODY>Shr five cts vs 51 cts
+    Net 2,300,000 vs 22,500,000
+    Revs not given
+    Note: Prior shr and net include 20.3 mln U.S. dlr gain on
+sale of equity holdings
+    Results in U.S. funds
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14785" NEWID="9264">
+<DATE>25-MAR-1987 09:18:18.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0838&#31;reute
+f f BC-******WASTE-MANAGEMEN   03-25 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WASTE MANAGEMENT ENDS TENDER OFFER FOR CHEMLAWN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14786" NEWID="9265">
+<DATE>25-MAR-1987 09:21:01.23</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0844&#31;reute
+u f BC-WEST-GERMAN-COFFEE-IM   03-25 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN JAN COFFEE IMPORTS DOWN ON YEAR-AGO</TITLE>
+<DATELINE>    HAMBURG, March 25 - </DATELINE><BODY>West German gross green coffee imports
+in January fell sharply to 38,616 tonnes from 54,576 in January
+last year, figures from the Federal Statistics Office show.
+    Imports of decaffeinated unroasted coffee were 396 tonnes
+against nil a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14787" NEWID="9266">
+<DATE>25-MAR-1987 09:21:26.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0845&#31;reute
+r f BC-ONE-VALLEY-BANCORP-&lt;O   03-25 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONE VALLEY BANCORP &lt;OVWV> RAISES QUARTERLY</TITLE>
+<DATELINE>    CHARLESTON, W.Va., March 25 -
+    </DATELINE><BODY>Qtly div 26 cts vs 25 cts prior
+    Pay April 15
+    Record March 31
+    NOTE: One Valley Bancorp of West Virginia Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14788" NEWID="9267">
+<DATE>25-MAR-1987 09:21:39.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0846&#31;reute
+r f BC-NATIONAL-DATA-CORP-&lt;N   03-25 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL DATA CORP &lt;NDTA> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    ATLANTA, March 25 -
+    </DATELINE><BODY>Shr 31 cts vs 26 cts
+    Net 3,516,000 vs 2,972,000
+    Revs 40.0 mln vs 36.3 mln
+    Avg shrs 11.4 mln vs 11.2 mln
+    Nine mths
+    Shr 89 cts vs 73 cts
+    Net 10.0 mln vs 8,146,000
+    Revs 116.8 mln vs 105.0 mln
+    Avg shrs 11.3 mln vs 11.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14789" NEWID="9268">
+<DATE>25-MAR-1987 09:21:53.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0847&#31;reute
+u f BC-NVHOMES-&lt;NVH>-SETS-TW   03-25 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NVHOMES &lt;NVH> SETS TWO-FOR-ONE SPLIT</TITLE>
+<DATELINE>    MCLEAN, Va., March 25 - </DATELINE><BODY>NVHomes LP said its board declared
+a two-for-one split of Class A units, payable to shareholders
+of record on April 20.
+    It said certificates will be distributed about two weeks
+after the record date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14790" NEWID="9269">
+<DATE>25-MAR-1987 09:22:43.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0848&#31;reute
+r f BC-american-resourcesets   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN RESOURCE SETS RIGHTS OFFERING</TITLE>
+<DATELINE>    TORONTO, March 24 - </DATELINE><BODY>&lt;American Resource Corp Ltd> said the
+board approved a rights offering to class A non-voting
+shareholders to be made on a one-for-one basis and expected to
+raise between 80 mln and 100 mln dlrs.
+    The company said a preliminary prospectus will be filed in
+Canada later this week and final terms for the rights offering
+will not be set until a final prospectus is filed.
+    American Resource intends to use proceeds to expand its
+investment and merchant banking activities mainly in the United
+States, it said.
+    Underwriters for the rights offering are Merrill Lynch
+Canada Inc, Loewen, Ondaatje, McCutcheon and Co Ltd, Burns Fry
+Ltd and Richardson Greenshields of Canada Ltd, American
+Resource said.
+    The company also said Peter Gottsegen, formerly managing
+director of international corporate finance activities at
+Salomon Brothers Inc, was appointed to the board.
+    American Resource said it will invest in a U.S. company to
+be owned by it and Gottsegen. Gottsegen will be chief executive
+of the new company, which will engage in investment and
+merchant banking activities in the United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14791" NEWID="9270">
+<DATE>25-MAR-1987 09:23:22.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0853&#31;reute
+d f BC-VANGUARD-TECHNOLOGIES   03-25 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VANGUARD TECHNOLOGIES INTERNATIONAL INC &lt;VTI></TITLE>
+<DATELINE>    FAIRFAX, Va., March 25 -
+    </DATELINE><BODY>Shr 19 cts vs 10 cts
+    Net 653,464 vs 287,606
+    Revs 10.6 mln vs 7,600,000
+    Year
+    Shr 68 cts vs 46 cts
+    Net 2,309,181 vs 1,408,813
+    Revs 38.4 mln vs 26.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14792" NEWID="9271">
+<DATE>25-MAR-1987 09:23:26.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0854&#31;reute
+d f BC-THOMSON-MCKINNON-U.S.   03-25 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMSON MCKINNON U.S. GOVERNMENT FUND DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 25 -
+    </DATELINE><BODY>Mthly div 7.3 cts vs 7.5 cts in prior month
+    Payable April six
+    Record Marcxh 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14793" NEWID="9272">
+<DATE>25-MAR-1987 09:23:29.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0855&#31;reute
+d f BC-THOMSON-MCKINNON-INCO   03-25 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMSON MCKINNON INCOME FUND DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 25 -
+    </DATELINE><BODY>Mthly div 8.5 cts vs 9.2 cts in prior month
+    Payable April six
+    Record Marcxh 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14794" NEWID="9273">
+<DATE>25-MAR-1987 09:23:34.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0856&#31;reute
+h f BC-(OAKRIDGE-HOLDINGS-IN   03-25 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(OAKRIDGE HOLDINGS INC) 2ND QTR DEC 31 NET</TITLE>
+<DATELINE>    HILLSIDE, ILL., March 25 -
+    </DATELINE><BODY>Shr 48 cts vs four cts
+    Net 882,000 vs 82,000
+    Sales 968,000 vs 784,000
+    Six mths
+    Shr 53 cts vs 11 cts
+    Net 970,000 vs 202,000
+    Sales 2,001,000 vs 1,521,000
+    NOTE: 1986 net includes a gain of 26 cts a share from the
+sale of a funeral home, and tax credits of 20 cts. 1985 net
+includes tax credits of one cent in the quarter and 3.7 cts in
+the six months period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14795" NEWID="9274">
+<DATE>25-MAR-1987 09:24:21.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0859&#31;reute
+d f BC-GENERAL-COMPUTER-CORP   03-25 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL COMPUTER CORP &lt;GCCC> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    TWINSBURG, Ohio, March 25 -
+    </DATELINE><BODY>Shr 10 cts vs 20 cts
+    Net 146,000 vs 230,000
+    Revs 3,766,000 vs 3,271,000
+    Avg shrs 1,458,000 vs 1,125,000
+    Nine mths
+    Shr 15 cts vs 58 cts
+    Net 212,000 vs 653,000
+    Revs 10.6 mln vs 9,561,000
+    Avg shrs 1,458,000 vs 1,125,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14796" NEWID="9275">
+<DATE>25-MAR-1987 09:24:38.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0860&#31;reute
+d f BC-UK-EQUITIES-SEEN-DUE   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK EQUITIES SEEN DUE FOR DOWNWARD CORRECTION</TITLE>
+<AUTHOR>    By Iain Pears, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>The chances of U.K. Stocks continuing
+recent rises as budget euphoria gives way to the uncertainties
+of a probable election are small, and market analysts say there
+will probably be a downwards correction in the next few weeks.
+    The U.K. Market has managed a dizzy rise since the New
+Year, with the FT-SE index of 100 leading shares lifting 22.5
+pct since January 2 to current levels around 2050.
+    "Over the next month or two the odds are that the index will
+drop back to around 1,900," said John Goldschmidt, head of
+equities research at Chase Manhattan Securities.
+    "A five to 10 pct drop is likely. There was a six pct fall
+before the 1983 election when the Conservatives were further
+ahead in the polls and the market was on a multiple of only 14
+instead of 18 now," noted Nick Knight of brokers James Capel.
+    "The old adage is "sell in May and go away'. That's likely to
+apply this year but will probably start in April," he added.
+    But few analysts believed a correction would spell the end
+of the bull run that has now lasted for some six years.
+    "As long as corporate profits and earnings keep on growing
+then the pressure for continued rises will be there. There
+seems little prospect of the growth stopping in 1987/1988," one
+said.
+    Much of the recent enthusiasm has stemmed from the belief,
+already virtually discounted, that the ruling Conservatives
+will call an election in the next few months - probably June -
+and sweep home to a third term in office.
+    Even if this does happen, however, pre-election nerves are
+likely to produce the traditional effect of damping down the
+market until the result is clear.
+    "It's likely there will be one or two hiccups of confidence
+about the Tories winning an overall majority," Goldschmidt said.
+    "It would be quite out of character for the market to
+continue to sail serenely upwards right through the election
+and beyond," added brokers Phillips and Drew in a recent report.
+    The belief that the government itself is worried about the
+impact of the Alliance party disrupting the usual two-corner
+fight of Conservative and Labour with unpredictable results, is
+not likely to give reassurance, one analyst noted.
+    Other factors also indicate that the market is vulnerable
+to a downwards correction. U.K. Stocks had ridden up partly on
+the back of record rises in New York and Japan and a pause in
+either suggests that London would inevitably follow suit.
+    There would also be little new encouragement provided by
+general economic factors as much of the recent optimistic news,
+including this month's half point cut in base rates to 10 pct,
+is already built into prices.
+    "The economy is looking okay, but it can't support 20 pct
+increases every three months indefinitely," one said.
+    Also, market liquidity, a powerful driving force behind the
+recent rises, shows signs of drying up under the pressure of
+the government's privatisation campaign.
+    The next few months will see cash calls for second tranche
+payments on British Gas Plc &lt;BRGS.L> and British Airways Plc
+&lt;BAB.L> as well as the proposed sale of &lt;Rolls Royce Plc> and
+the as-yet untimetabled sale of the government's 31.7 pct stake
+in British Petroleum Co Plc &lt;BP.L>.
+    On top of that, there will be calls from the gilt market
+even though last week's budget limited the projected 1987/88
+borrowing requirement to four billion stg.
+    "We are looking for a squeeze on cash flow, and that's not
+including rights issues which have been low so far this year
+and may pick up in the second quarter," Knight said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14797" NEWID="9276">
+<DATE>25-MAR-1987 09:27:56.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0866&#31;reute
+h f BC-ENSERCH-ISSUES-100-ML   03-25 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENSERCH ISSUES 100 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Enserch Inc is issuing 100 mln dlrs of
+convertible debt due October 4, 2002 carrying an indicated
+coupon of six to 6-3/8 pct and priced at par, Salomon Brothers
+International said as lead manager.
+    Enserch's stock closed at 22-1/2 last night on the New York
+Stock Exchange. The conversion premium is indicated to be 20 to
+23 pct. The securities are non-callable for three years.
+    There is a 1-1/2 pct selling concession and two pct
+combined management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14798" NEWID="9277">
+<DATE>25-MAR-1987 09:28:11.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0868&#31;reute
+d f BC-BRIERLEY-OFFER-FOR-PR   03-25 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRIERLEY OFFER FOR PROGRESSIVE STILL VALID</TITLE>
+<DATELINE>    WELLINGTON, March 25 - </DATELINE><BODY>&lt;Brierley Investments Ltd>, (BIL),
+said its offer of 4.20 N.Z. Dlrs per share for supermarket
+group &lt;Progressive Enterprises Ltd> still stands, although
+&lt;Rainbow Corp Ltd> said today it has 52 pct of Progressive.
+    BIL said in a statement it will review events on a daily
+basis.
+    Rainbow announced earlier that it had increased its stake
+in Progressive to 52 pct from 44 pct through the purchase of
+9.4 mln shares at between 3.80 and 4.80 N.Z. Dlrs per share.
+    BIL chief executive Paul Collins said: "All Rainbow has done
+is to outlay a substantial amount of cash to purchase shares
+from parties who presumably were supportive of the merger."
+    Rainbow has proposed a merger with Progressive to form a
+new company, &lt;Astral Pacific Corp Ltd>. Under the merger,
+shareholders in both Progressive and Rainbow will be issued
+shares in the new company on a one-for-one basis.
+    "Quite simply, Rainbow should now bid for the balance of
+Progressive Enterprises at 4.80 N.Z. Dlrs per share," Collins
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14799" NEWID="9278">
+<DATE>25-MAR-1987 09:28:34.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0870&#31;reute
+r f BC-AVATAR-HOLDINGS-INC-&lt;   03-25 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVATAR HOLDINGS INC &lt;AVTR> YEAR NET</TITLE>
+<DATELINE>    CORAL GABLES, Fla., March 25 -
+    </DATELINE><BODY>Oper shr 32 cts vs seven cts
+    Oper net 2,599,000 vs 550,000
+    Revs 94.4 mln vs 69.4 mln
+    NOTE: Net excludes tax credits of 1,405,000 dlrs vs
+3,538,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14800" NEWID="9279">
+<DATE>25-MAR-1987 09:30:05.51</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0873&#31;reute
+u f BC-NORWAY-OFFERS-11TH-LI   03-25 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY OFFERS 11TH LICENCE ROUND OFFSHORE BLOCKS</TITLE>
+<DATELINE>    OSLO, March 25 - </DATELINE><BODY>Norway has offered 10 new offshore blocks
+to foreign and domestic applicants in the first phase of the
+country's eleventh concession round, government officials said.
+    Company shares in each of the licences proposed by the Oil
+and Energy Ministry are not final. The ministry has given the
+companies 10 days to accept or decline the proposed shares.
+    French companies Ste Nationale Elf Aquitaine &lt;ELFP.PA> and
+Total Cie Francaise des Petroles &lt;TPN.PA>, which were expected
+to receive operatorships following France's agreement last
+autumn to purchase gas from Norway's Troll field, were not
+offered operatorships in this round, industry sources said.
+    Three eleventh round blocks were awarded in the
+Haltenbanken exploration tract off central Norway, including
+the Smoerbukk West field where Den Norske Stats Oljeselskap A/S
+&lt;STAT.OL> (Statoil) was appointed operator.
+    Statoil will share the licence with subsidiaries of U.S.
+Oil companies Tenneco Inc &lt;TGT.N> and Texas Eastern Corp
+&lt;TET.N> and the Italian oil company &lt;Agip SpA>'s Norwegian
+subsidiary.
+    E.I. Du Pont de Nemours &lt;DD.N> subsidiary Conoco Norway Inc
+was named operator on Haltenbanken block 6406/8 and will share
+the licence with Statoil.
+    Norsk Hydro A/S &lt;NHY.OL> will operate nearby block 6407/10
+with partners Statoil, Norsk Agip A/S, Royal Dutch/Shell
+Group's &lt;RD.AS> A/S Norske Shell and &lt;Deminex> unit Deminex
+(Norge) A/S.
+    Statoil has been offered the operatorship on a new block in
+the relatively unexplored Moere South exploration area south of
+Haltenbanken, with A/S Norske Shell, Texas Eastern and
+&lt;Petroleo Brasileiro SA> (Petrobras) also offered stakes in the
+block.
+    Norwegian companies landed operatorships on all six blocks
+opened in the Barents Sea area off northern Norway. The blocks
+were awarded in three licenses, each covering two blocks.
+    Statoil will head exploration on blocks 7224/7 and 7224/8,
+sharing the licence with Exxon Corp's &lt;XON.N> Norwegian
+subsidiary Esso Norge A/S, The British Petroleum Co PLC's
+&lt;BP.L> BP Petroleum Development (Norway) Ltd, Shell, Norsk
+Hydro and Saga Petroleum A/S &lt;SAGP.OL>.
+    Blocks 7219/9 and 7220/7 were awarded to Norsk Hydro, the
+operator, Statoil, Mobil Corp's &lt;MOB.N> Mobil Exploration
+Norway, Petrofina SA's &lt;PETB.BR> Norske Fina A/S and BP.
+    The third Barents Sea licence, covering blocks 7124/3 and
+7125/1, went to Saga Petroleum A/S, the operator, Statoil,
+Atlantic Richfield Co's &lt;ARC.N> Arco Norge A/S, Total Marine
+Norge A/S and Amerada Hess Corp &lt;AHC.N>.
+    The oil ministry withheld awards on four strategic blocks
+included in the eleventh round's second phase.
+    The ministry is accepting applications for phase two blocks
+until early April and the awards will likely be announced this
+summer, officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14801" NEWID="9280">
+<DATE>25-MAR-1987 09:31:48.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0881&#31;reute
+u f BC-PERCEPTION-TECHNOLOGY   03-25 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERCEPTION TECHNOLOGY &lt;PCEP> TO TAKE CHARGE</TITLE>
+<DATELINE>    CANTON, Mass., March 25 - </DATELINE><BODY>Perception Technology Corp said
+it expects to take a charge of about 686,000 dlrs or 19 cts per
+share against earnings for the second quarter ended March 31
+due to the bankruptcy proceeding of customer T.C. of New York
+Inc.
+    Perception said it has outstanding lease receivables from
+T.C. of about 2,480,000 dlrs.
+    It said the exact amnount of the charge will depend on the
+extent of recovery of the leased equipment involved and on
+arrangements that might be made with the bankruptcy court on
+the equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14802" NEWID="9281">
+<DATE>25-MAR-1987 09:34:52.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0895&#31;reute
+b f BC-INSPECTORATE-ISSUES-2   03-25 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSPECTORATE ISSUES 200 MLN MARK EQUITY EUROBOND</TITLE>
+<DATELINE>    FRANKFURT, March 25 - </DATELINE><BODY>A unit of Inspectorate International
+AG &lt;INSZ.Z> is raising 200 mln marks through an equity warrant
+eurobond package with a two pct coupon priced at par, lead
+manager Schweizerische Bankverein (Deutschland) AG said.
+    The five-year bond, for Inspectorate International Finance
+NV, gives investors options on two separate warrant series "A"
+and "B" exercisable into participation certificates in parent and
+guarantor Inspectorate International AG.
+    The first "A" series carries warrants for four participation
+certificates. Upon exercising the "A" warrants, investors also
+get two warrants for the "B" series.
+    The "A" exercise period runs from May 7, 1987, to August 6,
+1987. The exercise price is 543 Swiss francs.
+    Of the two "B" warrants, one entitles investors to purchase
+one participation certificate in Inspectorate International AG
+and the other provides seven warrants.
+    Investors may pay for "B" participation certificates by
+redeeming the bond issued today. In this case, the bond, issued
+in denominations of 5,000 marks, will be valued at a fixed
+price of 4,200 Swiss francs, or 119.05 francs per 100 marks.
+    Participation certificates acquired with "B" warrants will be
+priced at 597 francs, equalling the price of the first tranche,
+plus a 10 pct premium. The exercise period for the "B" series is
+from August 8, 1987 to May 5, 1991.
+    Fees for the bond total 2-1/4 pct, with 1-1/2 points for
+selling, and 1-3/4 for management and underwriting combined.
+    Investors will pay for the bond on April 8, and the bond
+pays annual interest on the same day. It matures on April 8,
+1992. The bond and warrants will be listed in Frankfurt.
+    If all participation share warrants are exercised, the
+company will obtain some 300 mln marks in new equity.
+    The construction allows Inspectorate to borrow at lower
+cost than a comparable convertible bond and will give the
+Inspectorate equity through issues of participation
+certificates in West Germany, a Swiss Bank Corp spokesman said.
+    Inspectorate requires funding to finance its purchase of a
+51 pct stake in Harpener AG, a diversified West German group,
+and other recent acquisitions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14803" NEWID="9282">
+<DATE>25-MAR-1987 09:35:22.27</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0896&#31;reute
+f f BC-******   03-25 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank buys dollars for yen - Frankfurt dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14804" NEWID="9283">
+<DATE>25-MAR-1987 09:37:07.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0901&#31;reute
+u f BC-REUTERS-TO-BUY-I-P-SH   03-25 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS TO BUY I P SHARP OF CANADA</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Reuters Holdings Plc &lt;RTRS.L> said it
+had agreed in principle to buy &lt;I P Sharp Associates Ltd> of
+Toronto for 30.4 mln stg.
+    Sharp is a time-sharing network and database company
+specialising in finance, economics, energy and aviation. It
+operates a global packet-switching network and global limits
+systems for foreign exchange trading.
+    Sharp shareholders will be offered cash, shares or a
+mixture of the two in settlement. The acquisition, which is
+subject to Canadian government approval, would be through
+amalgamation into a specially-created company.
+    Reuters said it had been given options by a number of Sharp
+shareholders covering 67 pct of the common stock pending
+completion of a Reuters review of the company.
+    Sharp operates 38 offices in 20 countries. In 1986 it
+reported revenue of 55 mln Canadian dlrs with a pretax loss of
+1.6 mln compared with a 1.9 mln profit in 1985.
+    However, Sharp said that internal accounts showed the
+company was in profit in the first two months of 1987.
+    End-1986 net assets totalled 11.85 mln dlrs.
+    A Reuters statement said the acquisition would fit
+perfectly into its package for the banking and securities
+industries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14805" NEWID="9284">
+<DATE>25-MAR-1987 09:40:04.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0916&#31;reute
+u f BC-HORIZON-BANK-&lt;HRZB>-S   03-25 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HORIZON BANK &lt;HRZB> SETS STOCK SPLIT</TITLE>
+<DATELINE>    BELLINGHAM, Wash., March 25 - </DATELINE><BODY>Horizon Bank said its board
+declared a three-for-two stock split, payable April 21 to
+holders of record April Seven.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14806" NEWID="9285">
+<DATE>25-MAR-1987 09:41:35.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0921&#31;reute
+u f BC-WASTE-&lt;WMX>-ENDS-OFFE   03-25 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASTE &lt;WMX> ENDS OFFER FOR CHEMLAWN &lt;CHEM></TITLE>
+<DATELINE>    OAK BROOK, ILL., March 25 - </DATELINE><BODY>Waste Management Inc said its
+wholly owned subsidiary, WMX Acquisition Corp, ended its tender
+offer to buy shares of ChemLawn Corp at 35 dlrs a share.
+    All shares tendered to Waste Management will be returned to
+shareholders as soon as practical, it said.
+    Earlier this week, ChemLawn agreed to accept a merger
+proposal at 36.50 dlrs a share from Ecolab Inc in a transaction
+valued at about 370 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14807" NEWID="9286">
+<DATE>25-MAR-1987 09:41:58.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0923&#31;reute
+r f BC-core-mark-intn'l   03-25 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORE-MARK INTERNATIONAL NAMES ACTING CHAIRMAN</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 25 - </DATELINE><BODY>Core-Mark
+International Inc said vice-chairman Edward Stanton will become
+acting chairman until the company's annual meeting following
+the previously announced resignation of David Gillespie as
+chairman and chief executive.
+    Board member Anthony Regensburg will will become acting
+chief executive and Daniel Gillespie will continue as president
+and chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14808" NEWID="9287">
+<DATE>25-MAR-1987 09:42:27.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0928&#31;reute
+r f BC-&lt;ACKERLY-COMMUNICATIO   03-25 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ACKERLY COMMUNICATIONS INC> YEAR LOSS</TITLE>
+<DATELINE>    SEATTLE, March 25 -
+    </DATELINE><BODY>Shr loss 1.44 dlrs vs loss 1.50 dlrs
+    Net loss 10.1 mln vs loss 8,866,000
+    Revs 122.3 mln vs 112.5 mln
+    Avg shrs 7,671,855 vs 6,520,928
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14809" NEWID="9288">
+<DATE>25-MAR-1987 09:42:42.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0930&#31;reute
+d f BC-UNITED-MEDICAL-&lt;UM>-T   03-25 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED MEDICAL &lt;UM> TO SELL UNIT</TITLE>
+<DATELINE>    HADDONFIELD, N.J., March 25 - </DATELINE><BODY>United Medical Corp said it
+has reached a definitive agreement to sell its hospital
+distribution unit to &lt;Myriad Group Inc> for undisclosed terms,
+with closing expected in the next several weeks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14810" NEWID="9289">
+<DATE>25-MAR-1987 09:42:50.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0931&#31;reute
+d f BC-REXNORD-&lt;REX>-TO-CUT   03-25 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXNORD &lt;REX> TO CUT STAFF TO 50 FROM 112</TITLE>
+<DATELINE>     BROOKFIELD, WIS., March 25 - </DATELINE><BODY>Rexnord Inc said it will
+reduce to 50 from 112 its corporate staff at its headquarters
+here by the end of May, 1987.
+    The staff reductions are part of the company's announced
+restructuring program and planned acquisition by Banner
+Industries Inc &lt;BNR>.
+    Affected Rexnord employees will receive severance pay based
+on length of service, job placement counseling, it said.
+   Banner completed a tender offer for Rexnord common shares in
+late February. The companies are expected to combine within
+about two months, Rexnord said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14811" NEWID="9290">
+<DATE>25-MAR-1987 09:43:33.15</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0932&#31;reute
+u f BC-CCC-ACCEPTS-BONUS-BID   03-25 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS BONUS BID ON CATTLE FOR EGYPT - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The Commodity Credit Corporation has
+accepted a bid for an export bonus to cover the sale of 760
+head of dairy cattle to Egypt, the U.S. Agriculture Department
+said.
+    The delivery period for the cattle is April, 1987-June,
+1988, it said.
+    The bonus of 1,870.00 dlrs per head was made to Esmah
+Nevada Inc and will be paid in the form of commodities from the
+CCC inventory.
+    An additional 7,199 head of dairy cattle are still
+available to Egypt under the Export Enhancement Program
+initiative announced September 12, 1986, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14812" NEWID="9291">
+<DATE>25-MAR-1987 09:45:46.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0935&#31;reute
+r f BC-INTEL-&lt;INTC>-UNIT-SEL   03-25 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEL &lt;INTC> UNIT SELLS NOTES AT 8.18 PCT</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Intel Overseas Corp, a unit of Intel
+Corp, is raising 110 mln dlrs through an offering of notes due
+1997 yielding 8.18 pct, said lead manager Shearson Lehman
+Brothers Inc.
+    The notes have an 8-1/8 pct and were priced at 99.63 to
+yield 93 basis points more than comparable Treasury securities.
+    Non-callable for seven years, the issue is rated A-2 by
+Moody's Investors Service Inc and A by Standard and Poor's
+Corp. Salomon Brothers and L.F. Rothschild co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14813" NEWID="9292">
+<DATE>25-MAR-1987 09:48:39.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0940&#31;reute
+u f BC-SPAIN'S-SOCIALIST-TRA   03-25 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN'S SOCIALIST TRADE UNION PUSHES FOR WAGE HIKE</TITLE>
+<DATELINE>    MADRID, March 25 - </DATELINE><BODY>Spain's General Union of Workers (UGT),
+the trade union arm of the Socialist party, will keep pressing
+for salary rises of seven pct despite government
+recommendations for a five pct ceiling, a UGT spokesman said.
+    Trade union sources said coal mines in Asturias remained
+closed by protests against planned job cuts. A 24-hour stoppage
+at the state railways RENFE, coinciding with strikes at two
+airlines next Friday, was virtually certain to be confirmed.
+They said construction workers would start a five-day strike
+next week.
+    Prime Minister Felipe Gonzalez last night sought support
+for his call to limit wage rises in an effort to cut inflation
+to five pct from 8.3 pct last year. He told a press conference
+the Socialist government could not meet all demands and would
+not yield to demagogy.
+    Antonio Hernandez Mancha, leader of the main opposition
+right-wing Popular Alliance (AP) party which tabled a motion of
+no confidence against the government, said Gonzalez had run out
+of imagination. But political sources said the government,
+holding an absolute majority in parliament, is sure to survive
+the no confidence debate opening tomorrow.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14814" NEWID="9293">
+<DATE>25-MAR-1987 09:50:17.02</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0945&#31;reute
+u f BC-THATCHER-DEFENDS-UK-O   03-25 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THATCHER DEFENDS UK OIL POLICY IN SAUDI INTERVIEW</TITLE>
+<DATELINE>    JEDDAH, March 25 - </DATELINE><BODY>British Prime Minister Margaret Thatcher
+denied in an interview published in Saudi Arabia today that her
+government's oil policy contributed to weakness in world oil
+prices.
+    She said the government was determined not to intervene to
+influence production decisions by oil companies operating in
+the North Sea.
+    "We believe these must be a matter for the commercial
+judgment of the oil companies," she told the Arabic language
+daily al-Sharq al-Awsat in an interview coinciding with a visit
+to London by King Fahd of Saudi Arabia.
+    Thatcher said this policy had not contributed to the fall
+in oil prices as North Sea production was now about the same as
+in 1984 when prices were close to 30 dlrs a barrel.
+    British production was on a plateau and was unlikely to
+increase in the future, she said.
+    "We naturally share the concern of Saudi Arabia and other
+OPEC members about the harmful effects of oil market volatility
+for both producer and consumer countries," Thatcher said.
+    "On our part, we are careful to avoid any actions which
+might add to such volatility."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14815" NEWID="9294">
+<DATE>25-MAR-1987 09:51:38.05</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0952&#31;reute
+u f BC-MARCH-PRICES-FELL-IN   03-25 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARCH PRICES FELL IN GERMAN STATE ON YEAR-AGO</TITLE>
+<DATELINE>    DUESSELDORF, March 25 - </DATELINE><BODY>The cost of living in North
+Rhine-Westphalia, Germany's most populous state, fell 0.1 pct
+in the month to mid-March to stand 0.5 pct lower than at the
+same time a year earlier, the regional statistics office said.
+    Prices had risen 0.3 pct in the month to mid-February but
+had fallen 0.7 pct year-on-year.
+    The regional figures are considered a good guide to
+national inflation trends. The Federal Statistics Office is due
+to publish provisional national figures for March by the end of
+this month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14816" NEWID="9295">
+<DATE>25-MAR-1987 09:53:07.03</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0956&#31;reute
+b f BC-BUNDESBANK-BUYS-DOLLA   03-25 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK BUYS DOLLARS IN FRANKFURT - DEALERS</TITLE>
+<DATELINE>    FRANKFURT, March 25 - </DATELINE><BODY>The Bundesbank bought large amounts
+of dollars for yen in an apparent attempt to hold the dollar
+above 149 yen, dealers said.
+    The dollar intervention was in concert with some other
+central banks, they said.
+    Dealers said the Bank of Japan and Bank of England
+supported the dollar against the yen earlier today and that
+these two banks and the U.S. Federal Reserve were also active
+yesterday.
+    The Bundesbank declined to comment on the dealers' remarks.
+    Dealers said the intervention underlined the determination
+of central banks to keep currencies within recent ranges
+following last month's agreement in Paris by six leading
+countries to foster currency stability.
+    One dealer said he had been repeatedly in contact with the
+Bundesbank during the morning to see if it wanted to buy
+dollars after the Japanese and U.K. Central bank moves.
+    He said the Bundesbank told him it was observing the
+situation to see if it should intervene in consultation with
+other central banks.
+    Since the Paris agreement on February 22 the dollar had
+until yesterday traded in a 1.8150-1.8700 mark range, and above
+150 yen, with traders reluctant to push the dollar down to test
+central banks' resolve to defend currency stability.
+    But the test came this week with the dollar falling below
+1.81 marks and 150 yen. Dealers said a reviving trade dispute
+between Washington and Tokyo and growing sentiment that the
+dollar would have to fall further to narrow the obstinate U.S.
+Trade deficit were behind the weakness.
+    This week's intervention showed central banks were prepared
+to cooperate to defend the Paris pact, dealers said.
+    Dealers said it was significant the West German and British
+central banks were supporting the dollar against the yen.
+    That showed the pact involved multilateral cooperation by
+central banks to foster currency stability, they said.
+    But it was unclear how such cooperation was being arranged
+and how frequent consultations between central banks were.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14817" NEWID="9296">
+<DATE>25-MAR-1987 09:53:14.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0957&#31;reute
+r f BC-CROSSLAND-SAVINGS-&lt;CR   03-25 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CROSSLAND SAVINGS &lt;CRLD>ACQUIRES WESTERN SAVINGS</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>CrossLand Savings FSB said it has
+acquired Western Savings and Loand Co with the assistance of
+the Federal Savings and Loan Insurance Corp.
+    CrossLand said Salt Lake City based Western has been
+combined with its two Florida-based thrift subsidiaries. The
+parent company contributed 50 mln dlrs in cash to the resulting
+1.7 billion dlr asset subsidiary which will operate under the
+name CrossLand Savings FSB with headquarters in Salt Lake City.
+    CrossLand said Western, with assets of 400 mln dlrs,
+operated 13 branch offices in the states of California, Oregon,
+Utah and Washington.
+    To facilitate the acquisition, CrossLand said, Western was
+converted from a mutual to a stock association in a voluntary
+supervisory conversion. Crossland and the FSLIC executived an
+assistance agreement indemnifying CrossLand from certain losses
+that could occur in connection with Western's loan portfolio.
+    The company said James J. Heagerty, chairman and chief
+executive officer of CrossLand Savings FSLA in Bradenton, Fla.,
+will serve in that capacity for the new subsidiary resulting
+from the merger.
+    Western's president, Christopher J. Sumner, will be
+president of the combined unit, CrossLand said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14818" NEWID="9297">
+<DATE>25-MAR-1987 09:53:22.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0958&#31;reute
+r f BC-GENERAL-ELECTRIC-&lt;GE>   03-25 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC &lt;GE> SELLS RIGHTS TO TECHNIQUE</TITLE>
+<DATELINE>    TROY, N.Y., March 25 - </DATELINE><BODY>General Electric Co said &lt;BioReactor
+Technology Inc> obtained its rights to an experimental
+technique for analyzing blood samples to detect disease
+antibodies.
+    General Electric said BioReactor will attempt to develop
+test market kits from the advances made by General Electric.
+    General Electric said it granted the rights to BioReactor
+because the innovation, first announced in 1972, did not fit
+into the company's long-range product plans.
+    In exchange for the patent, GE said it will receive an
+unspecified interest in the company.
+               
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14819" NEWID="9298">
+<DATE>25-MAR-1987 09:53:42.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0959&#31;reute
+u f BC-CPC-&lt;CPC>-EXPECTS-EUR   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPC &lt;CPC> EXPECTS EUROPEAN SALE TO CUT DEBT</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>CPC International Inc officials said
+the sale of the company's European corn wet milling business
+will remove about 700 mln dlrs of debt and liabilities from
+CPC's balance sheet.
+    They told analysts the deal, expected to close in
+September, and cash flow from other operations will reduced
+total debt by about one-third this year. At the end of 1986,
+CPC's debt totaled about 1.5 billion dlrs.
+    The officials also said the company has no current plans to
+sell its U.S. or North American corn wet milling businesses.
+    CPC's 1987 capital spending is budgeted at about 250 mln
+dlrs, down from about 361 mln dlrs last year, the officials
+told analysts.
+    They said the planned sale of the European corn wet milling
+business, which is subject to reaching a definitive agreement,
+will not result in much of change in this year's spending
+plans.
+    CPC is continuing to reduce corporate overhead costs by
+streamlining operations in Latin America, its technical
+laboratory operations in the U.S., and by completing the start
+up of a new plant in Argo, Ill., they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14820" NEWID="9299">
+<DATE>25-MAR-1987 09:55:29.61</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0967&#31;reute
+b f BC-BANK-OF-ENGLAND-DRAIN   03-25 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND DRAINS MONEY MARKET LIQUIDITY</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>The Bank of England said it drained
+liquidity from the money market when it sold 167 mln stg of
+treasury bills due March 27 at rates between 9-9/16 and 10 pct.
+    Earlier, the bank estimated a surplus of around 250 mln stg
+in the system today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14821" NEWID="9300">
+<DATE>25-MAR-1987 09:56:20.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0968&#31;reute
+d f BC-H.K.-OFFICIAL-DEFENDS   03-25 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. OFFICIAL DEFENDS NON-PROSECUTION OF BOND</TITLE>
+<DATELINE>    HONG KONG, March 25 - </DATELINE><BODY>Hong Kong's Attorney General Michael
+Thomas said he decided not to prosecute Alan Bond, chairman of
+&lt;Bond Corp International Ltd> (BCIL), for giving misleading
+information about the firm because the case was weak.
+    He told the Legislative Council there had been widespread
+misunderstanding, speculation and unfair distortion of the
+reasons for the decision.
+    "Even if there is evidence that tends to prove the necessary
+ingredients of an offence, a bare prima facie case is,
+generally speaking, not enough to warrant a prosecution," added
+Thomas.
+    The Attorney General's office said last month it will not
+prosecute Bond for his statements that the net asset value per
+share of properties owned by BCIL should be 2.60 H.K. Dlrs
+instead of 1.10 dlrs stated in the firm's prospectus.
+    The decision followed a public apology by Bond that his
+remarks were misleading about BCIL, owned 66.2 pct by the
+Australia based Bond Corp (Holdings) Ltd &lt;BONA.S>.
+    Thomas dismissed a suggestion that he had compromised not
+to prosecute Bond if an apology was published but added: "its
+publication ultimately was a factor I took into account when
+subsequently I decided not to prosecute."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14822" NEWID="9301">
+<DATE>25-MAR-1987 09:56:38.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0970&#31;reute
+u f BC-VICORP-RESTAURANTS-IN   03-25 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VICORP RESTAURANTS INC &lt;VRES> 1ST QTR FEB 15 NET</TITLE>
+<DATELINE>    DENVER, March 25 -
+    </DATELINE><BODY>Shr profit 1.17 dlrs vs loss 12 cts
+    Net profit 11.3 mln vs loss 1,038,000
+    Revs 104.6 mln vs 128.7 mln
+    NOTE: Current year net includes gain 9,500,000 dlrs from
+the sale of its specialty restaurants unit, charge 1,200,000
+dlrs from addition to insurance reserves, 4,600,000 dlr tax
+credit and 660,000 dlr charge from debt repayment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14823" NEWID="9302">
+<DATE>25-MAR-1987 09:57:02.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0972&#31;reute
+d f BC-COMMERZBANK-TO-ACQUIR   03-25 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERZBANK TO ACQUIRE AND FLOAT LINOTYPE</TITLE>
+<DATELINE>    FRANKFURT, March 25 - </DATELINE><BODY>Commerzbank AG &lt;CBKG.F> said it will
+acquire &lt;Linotype GmbH>, Europe's largest manufacturer of
+type-setting and printing communications technology from Allied
+Signal Inc &lt;ALD.N> and float off the shares in the company.
+    Commerzbank declined to say how much it had paid for
+Linotype.
+    Linotype's group turnover in 1986 rose 15 pct to more than
+500 mln marks, the bank said. The group's net return on capital
+was seven pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14824" NEWID="9303">
+<DATE>25-MAR-1987 09:57:29.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0973&#31;reute
+r f BC-VICORP-&lt;VRES>-ENDS-SA   03-25 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VICORP &lt;VRES> ENDS SALE/LEASEBACK DEAL</TITLE>
+<DATELINE>    DENVER, March 25 - </DATELINE><BODY>VICORP Restaurants Inc said by mutual
+agreement with United Trust Fund it has terminated the sale and
+leaseback of 29 Bakers Square restaurant properties.
+    The company completed a sale/leaseback of 31 Baker Street's
+with United Trust in December, raising 26.5 mln dlrs. VICORP
+said it does not feel it necessary to proceed with the
+remainder of the sale/leasebacks due to improvement in its
+financial condition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14825" NEWID="9304">
+<DATE>25-MAR-1987 09:57:55.13</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0975&#31;reute
+b f BC-EC-EXPORT-LICENCES-FO   03-25 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EC EXPORT LICENCES FOR 59,000 TONNES WHITE  SUGAR AT REBATE 45.678 ECUS - FRENCH TRADERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14826" NEWID="9305">
+<DATE>25-MAR-1987 09:58:02.47</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0976&#31;reute
+b f BC-U.K.-INTERVENTION-BOA   03-25 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>A total 59,000 tonnes of current series
+white sugar received export rebates of a maximum 45.678
+European Currency Units (Ecus) per 100 kilos at today's
+European Community (EC) tender, the U.K. Intervention Board
+said.
+    Out of this, traders in West Germany received 34,750
+tonnes, in the U.K. 13,000, in Denmark 7,250 and in France
+4,000 tonnes, it added.
+    Earlier today, London traders had expected the subsidy for
+the current season whites campaign for licences to end-Aug to
+be more than 45.00 Ecus per 100 kilos but Paris traders were
+more precise by forecasting a rebate level of 45.75 to 46.0
+Ecus.
+    London traders were also reluctant earlier to predict the
+likely tonnage to be authorised for export in view of the
+on-going dispute between the Commission and European producers
+over the threatened action by the producers to move over
+800,000 tonnes to intervention.
+    Last week saw 60,500 tonnes whites athuorised for export at
+a maximum rebate of 44.819 Ecus per 100 kilos.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14827" NEWID="9306">
+<DATE>25-MAR-1987 10:00:47.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0981&#31;reute
+s f BC-PIONEER-STANDARD-ELEC   03-25 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIONEER-STANDARD ELECTRONICS INC &lt;PIOS> PAYOUT</TITLE>
+<DATELINE>    CLEVELAND, March 25 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay May One
+    Record April Eight
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14828" NEWID="9307">
+<DATE>25-MAR-1987 10:04:05.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ase</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0994&#31;reute
+u f BC-AMSTERDAM-EXCHANGE-AN   03-25 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMSTERDAM EXCHANGE ANNOUNCES MODERNISATION DRIVE</TITLE>
+<DATELINE>    AMSTERDAM, March 25 - </DATELINE><BODY>The Amsterdam Stock Exchange, engaged
+in a reform program to boost competitiveness, said it is
+launching a modernisation drive of its operational systems.
+    The move, announced one day after news of a first step
+toward integration of financial market supervision in the
+Netherlands, will involve new transaction and clearing and
+settlement systems.
+    In addition, the bourse's Amsterdam Interprofessional
+Market (AIM) information system will be updated in short term
+with software provided by the Chicago Midwest Stock Exchange.
+    The Amsterdam bourse is also studying the possible
+acquisition of Midwest Exchange software for a new
+order-routing system, a statement said, noting the market here
+remains firmly committed to the preservation of a trading
+floor.
+    "The Bourse management feels that, despite the discussions
+triggered by the intended closure of the trading floor in
+London, preparations for an overhaul of the trading floor in
+Amsterdam have to continue," the statement said.
+    The operational modernisation of the Amsterdam Stock
+Exchange follows several liberalisation measures aimed at
+stemming the flow of business to markets abroad.
+    The liberalisation, particularly the introduction of
+off-floor trading in stocks and bonds on a net-basis under the
+AIM system, has been described by bourse officials as
+Amsterdam's "little bang," a reference to sweeping reforms last
+October on the London Stock Exchange known as Big Bang.
+    AIM, started in a trial run early last year and officially
+in force from January 1 this year, is already credited with
+halting the growth in Dutch stocks traded abroad, mainly
+London.
+    Amsterdam, which feels an on-floor facility with fees is
+vital for smaller investors, said it needs to overhaul the
+floor to accommodate new technology and new members.
+    A new floor layout and order-routing system should be ready
+sometime next year, the statement said.
+    It said it was also planning a new on-screen Central
+Securities information System with prices from international
+exchanges, including the U.S. And Japan, stock information and
+company news.
+    Yesterday, the bourse announced it would start coordinating
+this summer market supervision with the options and futures
+trade in the Netherlands as a first step toward a unified
+financial markets watchdog. In addition, the bourse, options
+and gold futures price lists will be merged this April.
+    Transactions in Amsterdam are still processed with a now
+outdated punch card system while price information stemming
+from the larger off-floor deals done through AIM are not yet
+integrated in the bourse's big board.
+    A bourse spokesman said the exchange hoped to launch its
+screen information service by 1989, but added this service did
+not have first priority.
+    At present, bourse price information and company
+information announced by the bourse are published by a printer
+service while a select number of prices is available via
+teletext.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14830" NEWID="9308">
+<DATE>25-MAR-1987 10:04:32.09</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0996&#31;reute
+f f BC-******HOUSE-WAYS-AND   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HOUSE WAYS AND MEANS CMTE FINISHES WORK ON BILL TO TOUGHEN TRADE LAWS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14829" NEWID="9309">
+<DATE>25-MAR-1987 10:06:50.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1005&#31;reute
+r f BC-CHEROKEE-GROUP-&lt;CHKE>   03-25 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEROKEE GROUP &lt;CHKE> FILES TO OFFER SHARES</TITLE>
+<DATELINE>    NORTH HOLLYWOOD, Calif., March 25 - </DATELINE><BODY>Cherokee Group said it
+has filed for an offering of 2,500,000 common shares, including
+700,000 to be sold by shareholders, through underwriters First
+Boston Inc &lt;FBC> and American Express Co &lt;AXP> unit Shearson
+Lehman Brothers Inc.
+    It said it will use its proceeds to repay bank debt, for
+capital spending and for general corporate purposes including
+possible acquisitions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14831" NEWID="9310">
+<DATE>25-MAR-1987 10:07:13.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1008&#31;reute
+u f BC-SOUTH-AFRICA-PROBLEMS   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA PROBLEMS REMAIN DESPITE DEBT PACT</TITLE>
+<AUTHOR>    By Robert Ricci, Reuters</AUTHOR>
+<DATELINE>    JOHANNESBURG, March 25 - </DATELINE><BODY>South Africa's new foreign debt
+agreement sparked a rally in local financial markets, but
+bankers and economists said the pact only removes one source of
+anxiety from a still depressed economy.
+    "We have not gone from "no confidence" to "full confidence" yet,"
+commented one banker, who saw the agreement as having marginal
+influence on fundamental economic problems.
+    Money market analysts cited the debt renegotiation as the
+main impetus behind increases today in both the commercial and
+financial rand.
+    The commercial rand, used for current account transactions,
+rose 0.5 cts to 49 U.S. Cts while the financial rand jumped
+nearly two cts to 33 U.S. Cts.
+    All equity and fixed investment flows of foreigners take
+place through the financial rand, which is considered the main
+barometer of South Africa's attractiveness to overseas
+investors.
+    Analysts predicted the debt arrangement plus further gains
+in the gold price could push the commercial rand over 50 U.S.
+Cts and the financial rand to 35 cents in the next few weeks.
+    They said the financial rand in particular was being driven
+by a tentative provision in the new debt agreement that could
+favourably affect the currency.
+    Foreign creditors may get permission to convert loan
+balances and short-term claims into equity investments in South
+Africa.
+    Finance Minister Barend du Plessis said the Reserve Bank
+was "investigating the implications of such conversions in light
+of terms and restrictions of the financial rand system."
+    Du Plessis in disclosing the new agreement last night said
+the recent sharp rise in the financial rand was an example that
+"some foreign investors are again taking a more realistic view
+of South Africa."
+    Terms of the debt agreement call for South Africa to repay
+1.42 billion dlrs of 13 billion dlrs of frozen debt over the
+next three years. The agreement extends a standstill
+arrangement, expiring June 30, that has been in place since
+August, 1985.
+    Bankers said the repayment amounts essentially confirmed
+their private estimates and could be comfortably met by the
+monetary authorities.
+    "They (creditors) asked for the maximum amount and we
+offered the minimum," said one banking source, reacting to
+reports from London that creditors were hoping for larger
+repayments.
+    Reserve Bank governor Gerhard de Kock said South Africa
+should have "no difficulty whatsoever" with the terms.
+    Economists said the debt agreement would have no
+significant impact on economic problems continuing to face
+South Africa including high rates of inflation and
+unemployment, labour unrest and political uncertainty.
+    Johannesburg Stock Exchange president Tony Norton, speaking
+yesterday before the debt agreement, said the economy was "in
+bad shape" and there was "an awful lot of talk but little action"
+to cure serious problems.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14832" NEWID="9311">
+<DATE>25-MAR-1987 10:07:19.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1009&#31;reute
+r f BC-FABRI-CENTERS-&lt;FCA>-4   03-25 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FABRI-CENTERS &lt;FCA> 4TH QTR ENDS JAN 31 NET</TITLE>
+<DATELINE>    CLEVELAND, March 25 -
+    </DATELINE><BODY>Shr 40 cts vs 41 cts
+    Net 1,979,000 vs 2,101,000
+    Revs 67.7 mln vs 63.6 mln
+    12 mths
+    Shr 36 cts vs 20 cts
+    Net 1,798,000 vs 1,034,000
+    Revs 239.4 mln vs 233.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14833" NEWID="9312">
+<DATE>25-MAR-1987 10:07:29.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1011&#31;reute
+d f BC-TSENG-LABORATORIES-IN   03-25 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TSENG LABORATORIES INC &lt;TSNG> 4TH QTR NET</TITLE>
+<DATELINE>    NEWTOWN, Pa., March 25 -
+    </DATELINE><BODY>Shr profit one ct vs loss nil
+    Net profit 200,052 vs loss 56,782
+    Revs 2,394,198 vs 706,393
+    Avg shrs 17.8 mln vs 19.8 mln
+    Year
+    Shr profit one ct vs profit one ct
+    Net profit 258,125 vs profit 164,553
+    Revs 4,225,731 vs 3,027,892
+    Avg shrs 17.9 mln vs 19.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14834" NEWID="9313">
+<DATE>25-MAR-1987 10:07:32.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1012&#31;reute
+s f BC-PARK-ELECTROCHEMICAL   03-25 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARK ELECTROCHEMICAL CORP &lt;PKE> SETS PAYOUT</TITLE>
+<DATELINE>    LAKE SUCCESS, N.Y., March 25 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay May 20
+    Record April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14835" NEWID="9314">
+<DATE>25-MAR-1987 10:09:36.10</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1020&#31;reute
+u f BC-BRAZIL-SEAMEN-SAY-STR   03-25 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SEAMEN SAY STRIKE NEAR END</TITLE>
+<DATELINE>    SAO PAULO, March 25 - </DATELINE><BODY>About half of Brazil's 40,000 seamen
+have returned to work after accords with 22 companies, and the
+national strike which began on February 27 looks close to
+ending, a union spokesman said.
+    The spokesman, speaking from strike headquarters in Rio de
+Janeiro, estimated that 80 ships were strike-bound.
+    The seamen have settled for 120 pct pay increases with the
+individual companies but are still discussing the issue of
+overtime payments with the shipowners' association, Syndarma.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14836" NEWID="9315">
+<DATE>25-MAR-1987 10:11:13.53</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1029&#31;reute
+b f BC-/KEY-U.S.-HOUSE-PANEL   03-25 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEY U.S. HOUSE PANEL FINISHES MAJOR TRADE BILL</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The House Ways and Means Committee
+completed action on legislation to toughen U.S. trade laws,
+chairman Dan Rostenkowski said.
+    The committee's consideration of one of the most
+controversial provisions, a plan to force major trade surplus
+countries to cut their trade imbalance with the United States,
+was deferred until the full House considers the trade bill, its
+sponsor Rep. Richard Gephardt said.
+    Gephardt, a Missouri Democrat, told Reuters he was not
+certain the exact form his trade surplus reduction proposal
+would take. Last year the House approved his plan to force a 10
+pct surplus cutback each year for four years, by countries such
+as Japan.
+    The Ways and Means Committess' trade bill forces President
+Reagan to retaliate against unfair trade practices that violate
+international trade agreements but it allows him to wave
+retaliatory tariffs or quotas if the action would hurt the U.S.
+economy.
+    The trade bill gives U.S. Trade Representative Clayton
+Yeutter more authority in trade negotiations and in decisions
+to grant domestic industries import relief.
+    It also gives him authority to decide whether foreign trade
+practices are unfair and violate U.S. trading rights. These
+powers are currently held by President Reagan.
+    The administration has strongly objected to this transfer
+of authority from Reagan to Yeutter.
+    The bill also extends U.S. authority to negotiate
+multilateral trade agreements. The bill will be wrapped into
+other trade legislation and voted on in the House in April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14837" NEWID="9316">
+<DATE>25-MAR-1987 10:12:00.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1034&#31;reute
+r f BC-RUSS-TOGS-INC-&lt;RTS>-4   03-25 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUSS TOGS INC &lt;RTS> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    NEW YORK, March 25 -
+    </DATELINE><BODY>Shr 82 cts vs 76 cts
+    Net 4,200,000 vs 3,954,000
+    Sales 58.7 mln vs 60.6 mln
+    Year
+    Oper shr 2.68 dlrs vs 2.47 dlrs
+    Oper net 13.8 mln vs 13.0 mln
+    Sales 274.3 mln vs 276.8 mln
+    NOTE: Prior year net excludes loss 1,120,000 dlrs from
+discontinued operations and loss on disposal of 922,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14838" NEWID="9317">
+<DATE>25-MAR-1987 10:12:04.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1035&#31;reute
+r f BC-JOHNSTOWN-AMERICAN-CO   03-25 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSTOWN AMERICAN COS &lt;JAC> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    ATLANTA, MArch 25 -
+    </DATELINE><BODY>Shr six cts vs five cts
+    Shr diluted four cts vs four cts
+    Net 654,000 vs 532,000
+    Revs 32.5 mln vs 35.2 mln
+    1st half
+    Shr 11 cts vs nine cts
+    Shr diluted eight cts vs six cts
+    Net 1,181,000 vs 953,000
+    Revs 62.7 mln vs 74.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14839" NEWID="9318">
+<DATE>25-MAR-1987 10:20:28.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1065&#31;reute
+r f BC-EASCO-OFFERS-INITIAL   03-25 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASCO OFFERS INITIAL SALE OF SECURITIES</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Easco Hand Tools Inc of Hunt Valley,
+Md., filed with the Securities and Exchange Commission for the
+sale of 67,275,000 dlrs in common stock, its first public stock
+offering.
+    It said proceeds would be used to reduce indebtedness.
+    PaineWebber Inc was named underwriter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14840" NEWID="9319">
+<DATE>25-MAR-1987 10:21:29.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1069&#31;reute
+b f BC-KEIHIN-ELECTRIC-EXPRE   03-25 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEIHIN ELECTRIC EXPRESS ISSUES 150 MLN DLR BOND</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Keihin Electric Express Railway Co Ltd
+is issuing a 150 mln dlr eurobond with equity warrants due
+April 22, 1992 with an indicated coupon of 2-3/8 pct and priced
+at par, lead manager Yamaichi International (Europe) Ltd said.
+    The non-callable bonds are guaranteed by Fuji Bank Ltd.
+    Pricing will take place on April 1 and the exercise period
+is between May 18, 1987 and April 15, 1992. The indicated
+premium is 2-1/2 pct.
+    Total fees of 2-1/4 pct comprise 1-1/2 pct for selling and
+3/4 pct for management and underwriting. The bonds will be
+issued in 5,000 dlr denominations and listed in Luxembourg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14841" NEWID="9320">
+<DATE>25-MAR-1987 10:21:58.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1073&#31;reute
+u f BC-BRISTOL-AND-WEST-BUIL   03-25 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRISTOL AND WEST BUILDING SOCIETY ISSUES CDS</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>The Bristol and West Building Society is
+issuing a 250 mln dlr multi-currency certificate of deposit
+facility, said Kleinwort, Benson Ltd, one of the appointed
+dealers.
+ The other dealers will be Samuel Montagu and Co Ltd and Morgan
+Guaranty Ltd.
+    The maturities range from 28 to 364 days and denominations
+will be 500,000 and one mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14842" NEWID="9321">
+<DATE>25-MAR-1987 10:22:22.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1075&#31;reute
+u f BC-WOOLWICH-BUILDING-SOC   03-25 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOOLWICH BUILDING SOCIETY ISSUING 50 MLN STG BOND</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>The Woolwich and Equitable Building
+Society is issuing a 50 mln stg eurobond due April 27, 1992
+paying 9-1/2 pct and priced at 101-5/8 pct, lead manager Chase
+Investment Bank Ltd said.
+    The non-callable issue is available in denominations of
+5,000 stg and will be listed in London.
+    Fees comprise 1-1/4 pct selling concession with 5/8 pct
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14843" NEWID="9322">
+<DATE>25-MAR-1987 10:22:28.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1076&#31;reute
+r f BC-ITT-&lt;ITT>--UNIT-FILES   03-25 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT &lt;ITT>  UNIT FILES FOR PREFERRED STOCK SALE</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The Hartford Fire Insurance Co, a
+unit of ITT Corp, filed with the Securities and Exchange
+Commission for the shelf sale of 210 mln dlrs in class c and d
+preferred stock.
+    It said proceeds would be used to redeem class a stock.
+    The First Boston Corp and Merrill Lynch Capital Markets
+were named underwriters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14844" NEWID="9323">
+<DATE>25-MAR-1987 10:23:24.61</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1079&#31;reute
+d f BC-CPC-EXPECTS-EUROPEAN   03-25 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPC EXPECTS EUROPEAN SALE TO CUT DEBT</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>CPC International Inc officials said
+the sale of the company's European corn wet milling business
+will remove about 700 mln dlrs of debt and liabilities from
+CPC's balance sheet.
+    They told analysts the deal, expected to close in
+September, and cash flow from other operations will reduce
+total debt by about one-third this year. At the end of 1986,
+CPC's debt totaled about 1.5 billion dlrs.
+    The officials also said the company has no current plans to
+sell its U.S. or North American corn wet milling businesses.
+    CPC's 1987 capital spending is budgeted at about 250 mln
+dlrs, down from about 361 mln dlrs last year, the officials
+told analysts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14845" NEWID="9324">
+<DATE>25-MAR-1987 10:24:15.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1081&#31;reute
+r f BC-THERMO-PROCESS-&lt;TPSI>   03-25 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERMO PROCESS &lt;TPSI> ACQUISITION TERMINATED</TITLE>
+<DATELINE>    WALTHAM, Mass., March 25 - </DATELINE><BODY>Thermo Process Systems Inc said
+its proposed acquisition of the Surface Combustion Division of
+privately-held &lt;Midland-Ross Corp> has been terminated because
+mutually satisfactory terms could not be established.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14846" NEWID="9325">
+<DATE>25-MAR-1987 10:25:32.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1085&#31;reute
+u f BC-CHRYSLER-FINANCE-ISSU   03-25 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER FINANCE ISSUING STERLING EUROBOND</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Chrysler Financial Corp is issuing a 50
+mln stg eurobond due April 30, 1992 paying 9-1/2 pct and priced
+at 101-1/8 pct, lead manager Union Bank Of Switzerland
+Securities said.
+    The bond is available in denominations of 1,000 and 10,000
+stg and will be listed in Luxembourg.
+    Fees comprise 1-1/4 pct selling concession and 5/8 pct for
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14847" NEWID="9326">
+<DATE>25-MAR-1987 10:26:54.25</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1090&#31;reute
+u f BC-NORANDA-RAISES-PRIMAR   03-25 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA RAISES PRIMARY ALUMINUM PRICES</TITLE>
+<DATELINE>    New York, March 25 - </DATELINE><BODY>Noranda Aluminum Inc. said it has
+increased its primary aluminum prices by two cents a lb,
+effective with new orders as of March 25 and all shipments
+beginning May 1.
+    The new price for unalloyed ingot will be 64.5 cents a lb
+while the new price for extrusion billet will be 72.5 cents a
+lb.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14848" NEWID="9327">
+<DATE>25-MAR-1987 10:33:21.91</DATE>
+<TOPICS><D>tea</D><D>orange</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1112&#31;reute
+b f BC-SOVIET-PAPER-DETAILS   03-25 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET PAPER DETAILS GEORGIAN FLOOD DAMAGE</TITLE>
+<DATELINE>    MOSCOW, March 25 - </DATELINE><BODY>Floods and avalanches killed 110 people
+and caused around 350 mln roubles worth of damage in the
+southern Soviet republic of Georgia earlier this year, the
+government daily Izvestia said.
+    Some 80,000 hectares of agricultural land and gardens had
+been inundated, damaging tea plantations and orange groves, the
+newspaper said. It added that spring sowing in southern parts
+of the country was some two weeks behind schedule because of
+the late thaw but gave no precise crop estimates.
+    In the most detailed report to date on the heavy snows in
+January and floods in February, Izvestia said 8,200 people had
+been evacuated from mountain areas, 4,500 houses had been
+damaged and hundreds of kilometres of roads and power lines had
+been destroyed.
+    A separate article in the daily warned that a sudden thaw
+was expected shortly in the Ukraine and southern parts of
+Russia, which experienced record snows this winter.
+    Preventive measures have already been taken in some areas
+including the evacuation of cattle.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14849" NEWID="9328">
+<DATE>25-MAR-1987 10:35:21.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1124&#31;reute
+u f BC-UTILICORP-&lt;UCU>-SEES   03-25 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UTILICORP &lt;UCU> SEES HIGHER 1987 FIRST QUARTER</TITLE>
+<DATELINE>    SAN FRANCISCO, CALIF., March 25 - </DATELINE><BODY>Utilicorp United Corp
+said it expects to report 1987 first quarter earnings of about
+12 mln dlrs or about 1.12 dlrs a share and revenues of about
+190 mln dlrs.
+    In the comparable quarter a year ago, Utilicorp earned 8.5
+mln dlrs or 87 cts on revenues of 203 mln dlrs.
+    There are 9.6 mln shares outstanding this year, up from the
+8.5 mln shares in 1986, Utilicorp's president Richard Green
+told financial analysts here.
+    First quarter 1987 results include one month contribution
+of West Virginia Power, which became a division on March 1,
+1987, Green said in remarks prepared for delivery to analysts.
+    Higher earnings for the period reflected reduced operating
+and maintenenace expenses and about 10 mln dlrs in rate
+increases in Iowa, Minnesota, Kansas and Colorado, he said.
+    However, Utilicorp's Missouri Public Service division is
+experiencing the effect of a 5.9 pct rate reduction authorized
+in September 1986, he noted.
+    Of Utilicorp's total revenues expected for the 1987 first
+quarter, about 43 mln dlrs will be derived from electric
+operations and about 147 mln dlrs will come from gas
+operations, he said.
+    Operating income derived from electric operations in the
+first three months of 1987 is estimated to be eight mln dlrs,
+while the contribution from gas operations will be about 10 mln
+dlrs, Green said.
+    Green told analysts that Utilicorp received regulatory
+approval from various states and the Federal Energy Regulatory
+Commission to reincorporate in Delaware, effective April one.
+    Utilicorp signed an agreement with Cominco Ltd of Vancouver
+to extend the deadline to May 31, 1987, for completion of the
+company's purchase of West Kootenay Power and Light of British
+Columbia, due to a longer than expected regulatory approval
+process, he said.
+    Hearings were completed in February and a decision by the
+British Columbia Utilities Commission on the 60 mln dlrs
+purchase by Utilicorp is pending, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14850" NEWID="9329">
+<DATE>25-MAR-1987 10:35:46.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1127&#31;reute
+r f BC-&lt;XYLOGICS-INC>-INITIA   03-25 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;XYLOGICS INC> INITIAL OFFERING UNDERWAY</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Lead underwriters Salomon Inc &lt;SB> and
+Cowen anbd Co said an initial public offering of 1,089,300
+shares of Xylogics Inc is underway at 16 dlrs per share.
+    The company is selling 750,000 shares and shareholders the
+rest.  The company has granted underwriters an overallotment
+option to buy up to 150,000 more shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14851" NEWID="9330">
+<DATE>25-MAR-1987 10:35:57.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1128&#31;reute
+r f BC-TSENG-&lt;TSNG>-SEES-SAL   03-25 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TSENG &lt;TSNG> SEES SALES INCREASE FIRST QTR 1987</TITLE>
+<DATELINE>    NEWTON, Pa., March 25 - </DATELINE><BODY>Tseng Laboratories Inc said it
+expects first quarter 1987 sales to exceed total sales for the
+entire 1986 year, and said it expects earnings for the quarter
+to grow at a faster rate than sales.
+    Tseng posted total revenues for 1986 of 4,255,731, and net
+income of 258,125, or 14 cts per share.
+    Jack Tseng, president of the company, attributed the high
+expectations to increased orders from major costomers, as well
+as accelerated business from its growing reseller network.
+    Tseng posted first quarter 1986 sales of 549,950, and net
+income of 19,163, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14852" NEWID="9331">
+<DATE>25-MAR-1987 10:37:00.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1136&#31;reute
+d f BC-MINNTECH-&lt;MNTX>-GETS   03-25 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNTECH &lt;MNTX> GETS MORE CASH FOR DEVELOPMENT</TITLE>
+<DATELINE>    MINNEAPOLIS, Minn., March 25 - </DATELINE><BODY>Minntech Corp, a medical
+device manufacturer, said it has received an additional 175,000
+dlrs from C.R. Bard &lt;BCR> to develop and market an advanced
+membrane oxygenator for use in open heart surgery.
+    Minntech said Bard paid it the money on top of the 825,000
+dlrs in non-refundable contract revenues Bard already paid as
+part of a development agreement. The company said it received
+the money after it delivered oxygenator units for animal
+testing to the Utah Biological Testing Laboratories.
+    Minntech also said it will receive additional milestone
+payments as the project development progresses, adding that
+Bard has agreed to buy some oxygenators following project
+completion and Food and Drug Administration approval.
+    Minntech President Louis Cosentino said the animal testing
+was successful and the company can now file for FDA approval
+and equip its oxygenator manufacturing facility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14853" NEWID="9332">
+<DATE>25-MAR-1987 10:37:20.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1139&#31;reute
+d f BC-STOCKHOLDER-SYSTEMS-&lt;   03-25 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOCKHOLDER SYSTEMS &lt;SSIAA> MAKES ACQUISITION</TITLE>
+<DATELINE>    ATLANTA, March 25 - </DATELINE><BODY>Stockholder Systems Inc said it has
+agreed in principle to acquire privately-held Software Concepts
+Inc, which provides software for check processing, mortgage
+application processing and safe deposit box accounting, for
+undisclosed terms.
+    Software Concepts had revenues of about 3,200,000 dlrs for
+the year ended June 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14854" NEWID="9333">
+<DATE>25-MAR-1987 10:37:26.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1140&#31;reute
+d f BC-CONCEPT-INC-&lt;CCPT>-2N   03-25 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONCEPT INC &lt;CCPT> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    CLEARWATER, Fla., March 25 -
+    </DATELINE><BODY>Shr 11 cts vs five cts
+    Net 656,000 vs 314,000
+    Sales 8,868,000 vs 6,499,000
+    Avg shrs 5,823,000 vs 5,705,000
+    1st half
+    Shr 22 cts vs 13 cts
+    Net 1,296,000 vs 795,000
+    Sales 17.3 mln vs 13.5 mln
+    Avg shrs 5,809,000 vs 5,973,000
+    NOTE: Share adjusted for five-for-four split in February
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14855" NEWID="9334">
+<DATE>25-MAR-1987 10:37:49.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1143&#31;reute
+d f BC-LIFE-OF-INDIANA-CORP   03-25 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFE OF INDIANA CORP &lt;LIFI> 4TH QTR LOSS</TITLE>
+<DATELINE>    INDIANAPOLIS, March 25 -
+    </DATELINE><BODY>Shr loss two cts vs profit six cts
+    Net loss 103,000 vs profit 319,000
+    Revs 4,357,000 vs 6,494,000
+    Avg shrs 5,415,185 vs 5,646,185
+    Year
+    Shr profit 22 cts vs profit 10 cts
+    Net profit 1,236,000 vs profit 570,000
+    Revs 22.2 mln vs 24.8 mln
+    Avg shrs 5,638,596 vs 5,646,185
+    NOTE: 1986 net includes tax credits of 30,400 dlrs in
+quartger and 58,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14856" NEWID="9335">
+<DATE>25-MAR-1987 10:38:10.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1147&#31;reute
+s f BC-B.F.-SAUL-REAL-ESTATE   03-25 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>B.F. SAUL REAL ESTATE INVESTMENT &lt;BFS> PAYOUT</TITLE>
+<DATELINE>    CHEVY CHASE, Md., March 25 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay April 30
+    Record April 10
+    NOTE: B.F. Saul Real Estate Investment Trust.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14857" NEWID="9336">
+<DATE>25-MAR-1987 10:38:29.21</DATE>
+<TOPICS><D>rand</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE><D>du-plessis</D><D>de-kock</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1148&#31;reute
+d f BC-SOUTH-AFRICA-PROBLEMS   03-25 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA PROBLEMS REMAIN DESPITE DEBT PACT</TITLE>
+<AUTHOR>    By Robert Ricci, Reuters</AUTHOR>
+<DATELINE>    JOHANNESBURG, March 25 - </DATELINE><BODY>South Africa's new foreign debt
+agreement sparked a rally in local financial markets, but
+bankers and economists said the pact removes only one source of
+anxiety from a still depressed economy.
+    "We have not gone from 'no confidence' to 'full confidence'
+yet," commented one banker, who saw the agreement as having
+marginal influence on fundamental economic problems.
+    Money market analysts cited the debt renegotiation as the
+main impetus behind increases today in both the commercial and
+financial rand.
+    The commercial rand, used for current account transactions,
+rose 0.5 cts to 49 U.S. Cts while the financial rand jumped
+nearly two cts to 33 U.S. Cts.
+    All equity and fixed investment flows of foreigners take
+place through the financial rand, which is considered the main
+barometer of South Africa's attractiveness to overseas
+investors.
+    Analysts predicted the debt arrangement plus further gains
+in the gold price could push the commercial rand over 50 U.S.
+Cts and the financial rand to 35 cents in the next few weeks.
+    They said the financial rand in particular was being driven
+by a tentative provision in the new debt agreement that could
+favorably affect the currency.
+    Foreign creditors may get permission to convert loan
+balances and short-term claims into equity investments in South
+Africa.
+    Finance Minister Barend du Plessis said the Reserve Bank
+was "investigating the implications of such conversions in light
+of terms and restrictions of the financial rand system."
+    Du Plessis in disclosing the new agreement last night said
+the recent sharp rise in the financial rand was an example that
+"some foreign investors are again taking a more realistic view
+of South Africa."
+    Terms of the debt agreement call for South Africa to repay
+1.42 billion dlrs of 13 billion dlrs of frozen debt over the
+next three years. The agreement extends a standstill
+arrangement, expiring June 30, that has been in place since
+August, 1985.
+    Bankers said the repayment amounts essentially confirmed
+their private estimates and could be comfortably met by the
+monetary authorities.
+    "They (creditors) asked for the maximum amount and we
+offered the minimum," said one banking source, reacting to
+reports from London that creditors were hoping for larger
+repayments.
+    Reserve Bank governor Gerhard de Kock said South Africa
+should have "no difficulty whatsoever" with the terms.
+    Economists said the debt agreement would have no
+significant impact on economic problems continuing to face
+South Africa including high rates of inflation and
+unemployment, labour unrest and political uncertainty.
+    Johannesburg Stock Exchange president Tony Norton, speaking
+yesterday before the debt agreement, said the economy was "in
+bad shape" and there was "an awful lot of talk but little action"
+to cure serious problems.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14858" NEWID="9337">
+<DATE>25-MAR-1987 10:40:36.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1156&#31;reute
+r f BC-MAYTAG-&lt;MYG>-SEES-CAP   03-25 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAYTAG &lt;MYG> SEES CAPITAL SPENDING UP IN 1987</TITLE>
+<DATELINE>    NEWTON, Iowa, March 25 - </DATELINE><BODY>Maytag Co said it expects capital
+spending in 1987 to increase to about 60 mln dlrs from 49 mln
+dlrs in 1986.
+    Maytag chairman and chief executive officer Daniel Krumm
+said the company plans a "significant" investment at its
+Admiral refrigerator plant in Galesburg, Ill., as well as
+continued spending for product improvement and increased
+efficiency at other Maytag facilities.
+    Earlier, the company reported 1986 net income of 111.2 mln
+dlrs, or 2.57 per share, versus net income of 124.9 mln dlrs,
+or 2.89 dlrs a share, in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14859" NEWID="9338">
+<DATE>25-MAR-1987 10:40:57.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1159&#31;reute
+r f BC-TRAVELERS-&lt;TIC>-UNIT   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRAVELERS &lt;TIC> UNIT TO BUY REALTY DIVISIONS</TITLE>
+<DATELINE>    CHERRY HILL, March 25 - </DATELINE><BODY>The Travelers Corp's Travelers
+Mortgage Services said it signed a letter of intent to buy two
+subsidiaries of the privately-held &lt;Equitable Life Assurance
+Society of the U.S.>
+    The company said it plans to acquire the Equitable
+Relocation Management Corp and the Equitable Realty Network
+Inc.
+    The company said the acquisitions will give it broader
+distribution of its corporate relocation service and mortgage
+programs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14860" NEWID="9339">
+<DATE>25-MAR-1987 10:41:04.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1160&#31;reute
+d f BC-COMMUNICATIONS-AND-CA   03-25 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNICATIONS AND CABLE INC &lt;CCAB> 1ST QTR NET</TITLE>
+<DATELINE>    WEST PALM BEACH, Fla., March 25 -
+    </DATELINE><BODY>Oper shr seven cts vs loss nil
+    Oper net 988,000 vs loss 52,000
+    Revs 2,267,000 vs 791,000
+    NOTE: Net excludes gains from discontinued operations of
+65,000 dlrs vs 75,000 dlrs.
+    Current year net includes gain 1,025,000 dlrs from sale of
+cellular telephone investment.
+    Prior year figures restated for discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14861" NEWID="9340">
+<DATE>25-MAR-1987 10:41:53.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1162&#31;reute
+r f BC-BEN-EQUITY-HOLDINGS-&lt;   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEN EQUITY HOLDINGS &lt;BH> SUSPENDED ON NYSE</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>The New York Stock Exchange said
+trading in the units of BenEquity Holdings, a California
+Limited Partnership, was suspended before the opening and an
+application will be made to the Securities and Exchange
+Commission to delist the issue.
+    The Exchange said it normally considers suspending and
+removing from its list the securities of a company when fewer
+than 600,000 units are held by the public.
+    As a result of a tender offer by &lt;Renouf Corp
+International>, which expired March 24, 1987, fewer than
+600,000 units of BenEquity remained publicly held.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14862" NEWID="9341">
+<DATE>25-MAR-1987 10:43:01.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1169&#31;reute
+r f BC-ESCAGEN-CORP-&lt;ESN>-IN   03-25 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESCAGEN CORP &lt;ESN> INITIAL OFFERING STARTS</TITLE>
+<DATELINE>    SAN CARLOS, Calif., March 25 - </DATELINE><BODY>Escagen Corp said an initial
+offering of two mln common shares is underway at nine dlrs each
+through underwriters led by &lt;Prudential-Bache Group Inc>.
+    The company is purchasing the assets and business of
+International Plant Research Institute and will apply plant
+biotechnology to developing food products and planting
+materials.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14863" NEWID="9342">
+<DATE>25-MAR-1987 10:47:32.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1179&#31;reute
+u f BC-BRISTOL-MYERS-&lt;BMY>-F   03-25 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRISTOL-MYERS &lt;BMY> FILES AIDS VACCINE WITH FDA</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Bristol-Myers Co said it has filed an
+investigational new drug application with the U.S. Food and
+Drug Administration requesting the agency to allow it to begin
+testing its AIDS vaccine in humans.
+    The company said it filed the application on behalf of its
+Oncogen subsidiary, which developed the vaccine. It did not
+name the drug.
+    Bristol-Myers, the third largest drug company in the U.S.,
+said that "considerable work remains to be done before it is
+determined whether a new drug application will be develpoed for
+submission to FDA."
+    An investigational new drug application is the first step
+in testing an agent. After clinical studies establish the
+safety and efficacy of an agent, a company then submits a new
+drug application to the FDA. It may take three to five years
+before a new drug application is submitted and another two to
+three years before the FDA approves a drug for marketing.
+    Earlier this month, Bristol-Myers said the vaccine produced
+antibodies to the AIDS virus in mice and monkeys. The vaccine
+uses a live smallpox vaccine to carry two protein on the AIDS
+virus that may, in theory, prod the immune system to produce
+neutralizaing antibodies against AIDS.
+    The company is the second U.S. organization that has sought
+premission for human testing of an AIDS vaccine. At team headed
+by Allan Goldstein of George Washington University in
+Washington was the first.
+    Repligen Corp &lt;RGEN> has said it plans to seek regulatory
+permission to test its AIDS vaccine by the beginning of the
+summer. And Genentech Inc &lt;GENE> has also said it plans to ask
+the FDA to approve human testing of its AIDS vaccine later this
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14864" NEWID="9343">
+<DATE>25-MAR-1987 10:47:45.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1181&#31;reute
+r f BC-DALLAS-INVESTOR-CUTS   03-25 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DALLAS INVESTOR CUTS STAKE IN MCDERMOTT (MDR)</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>A group led by Dallas investor
+Harold Simmons told the Securities and Exchange Commission it
+had reduced its stake in McDermott International Inc by one
+pct, to under five pct.
+    The group had said in a March 10 filing, announcing
+acquisition of 5.4 pct of the firm's stock, that it might
+consider seeking control of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14865" NEWID="9344">
+<DATE>25-MAR-1987 10:49:09.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1192&#31;reute
+r f BC-FED-ADOPTS-REDEPOSIT   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADOPTS REDEPOSIT SERVICE FOR BOUNCED CHECKS</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The Federal Reserve Board
+unanimously approved a proposal to allow Federal Reserve banks
+to offer a redeposit service for bounced checks.
+    The service would allow a commercial bank that sends checks
+to a reserve bank for collection to instruct the reserve bank
+to redeposit a bounced check rather than return it.
+    The reserve banks would be required to charge a fee for the
+redeposit service that would cover its costs.
+    The plan would leave it to each reserve bank to set a
+dollar cutoff for eligible returns.
+    The Fed acted after industry studies showed that nearly
+two-thirds of bounced checks cleared the second time around.
+    The Fed said studies show that fewer than one pct of the
+more than 40 billion checks written each year in the United
+States are returned unpaid.
+    Of those returned, about half are written for less than 100
+dlrs.
+    The Fed said many commercial banks already routinely
+redeposit low-dlr-value checks returned to them for
+insufficient funds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14866" NEWID="9345">
+<DATE>25-MAR-1987 10:51:19.33</DATE>
+<TOPICS><D>platinum</D></TOPICS>
+<PLACES><D>canada</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1198&#31;reute
+r f BC-intn'l-platinum   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTN'L PLATINUM, DEGUSSA IN JOINT VENTURE TALKS</TITLE>
+<DATELINE>    TORONTO, March 25 - </DATELINE><BODY>International Platinum Corp said it
+signed a letter of intent to enter into further negotiations on
+a joint venture exploration agreement with Degussa A.G., of
+West Germany, regarding several North American platinum
+properties.
+    Conclusion of the agreement is subject to completion of
+further detailed examination by Degussa, as well as board and
+regulatory approvals.
+    Under terms of the letter of intent, Degussa would
+contribute substantially to a three year exploration budget of
+4.5 mln dlrs in return for a 50 pct interest in the venture.
+    Degussa's contribution to the exploration budget will be
+based on it matching International Platinum's past exploration
+and acquisition costs, estimated at about two mln dlrs, and
+then contributing on a pro rata basis, International Platinum
+said.
+    Degussa's contribution would provide a major portion of
+International Platinum's exploration budget, especially during
+the first and second year of the proposed joint venture, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14867" NEWID="9346">
+<DATE>25-MAR-1987 10:51:26.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1200&#31;reute
+r f BC-WESTWOOD-ONE-INC-&lt;WON   03-25 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTWOOD ONE INC &lt;WONE> 1ST QWTR FEB 28 NET</TITLE>
+<DATELINE>    LOS ANGELES, March 25 -
+    </DATELINE><BODY>Shr 12 cts vs eight cts
+    Net 1,440,000 vs 830,000
+    Revs 15.9 mln vs 11.2 mln
+    Avg shrs 12,342,000 vs 10,826,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14868" NEWID="9347">
+<DATE>25-MAR-1987 10:53:11.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1207&#31;reute
+b f BC-/REAGAN-OPPOSES-NEW-T   03-25 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN OPPOSES NEW TAXES, SEEKS BUDGET</TITLE>
+<DATELINE>     WASHINGTON, March 25 - </DATELINE><BODY>President Reagan opposed new taxes
+as he urged the Democratic controlled Congress to come up with
+a budget that meets the Gramm-Rudman deficit target of 108
+billion dlrs for fiscal 1988.
+    He told reporters before meeting with House Republicans in
+Congress that for six years he had proposed a "a sound, solid
+budget" but alleged that Democrats had only come forth with a
+so-called continuing resolution, a catch-all spending bill,
+each year.
+    Asked about taxes, he said "they're not going to get those
+either."
+    Reagan's appearance with Republicans coincided with a
+dispute among House Budget Committee Democrats and Republicans.
+Republicans have boycotted budget drafting sessions.
+    "I'm still trying to get a budget that meets the
+Gramm-Rudman target," Reagan said. "The Democrats have refused to
+present a budget of their own."
+    House Budget Committee Chairman William Gray told reporters
+after Reagan's remarks that "They (Republicans) don't want to
+participate. The President is up there bashing our brains while
+Republicans won't give us a markup (drafting meeting). It's an
+interesting combination."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14869" NEWID="9348">
+<DATE>25-MAR-1987 10:55:08.47</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>iran</D><D>usa</D><D>iraq</D></PLACES>
+<PEOPLE><D>mousavi</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1213&#31;reute
+u f BC-IRAN-SAYS-HAS-MORE-EF   03-25 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAYS HAS BETTER WEAPONS THAN SILKWORM</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Iranian Prime Minister Mir-Hossein
+Mousavi said Iran had "more effective" missiles at its disposal
+than the shore-to-sea missiles which had provoked U.S. Concern,
+Tehran Radio reported.
+    A U.S. State Department spokesman said last week Iran had
+acquired Chinese-made Silkworm missiles which posed a greater
+threat to shipping in the Gulf than the weapons previously
+used.
+    Tehran Radio, monitored by the British Broadcasting Corp,
+quoted Mousavi as saying that Tehran officially announced after
+its forces overran southern Iraq's Faw peninsula in February
+last year that it had shore-to-sea missiles.
+    "The fact that the Americans, after so much delay, are now
+thinking of expressing their concern with panic is because
+Reagan needs this sensation now," said Mousavi, speaking after a
+cabinet meeting in Tehran.
+    "We also announce today that these missiles are not the
+limit of our war capabilities in the Gulf," he added.
+    Mousavi said the security of the Gulf region had nothing to
+do with the U.S. But Iran would resort to any action to defend
+the Gulf, "even those actions which are not thought probable by
+Westerners."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14870" NEWID="9349">
+<DATE>25-MAR-1987 10:56:01.72</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D><D>west-germany</D><D>denmark</D><D>uk</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f1217&#31;reute
+b f BC-EC-COMMISSION-DETAILS   03-25 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION DETAILS SUGAR TENDER</TITLE>
+<DATELINE>    BRUSSELS, March 25 - </DATELINE><BODY>The European Community Commission
+confirmed it granted export licences for 59,000 tonnes of
+current series white sugar at a maximum export rebate of 45.678
+European Currency Units (ECUs) per 100 kilos.
+    Out of this, traders in West Germany received 34,750
+tonnes, in the U.K. 13,000, in Denmark 7,250 tonnes and in
+France 4,000 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14871" NEWID="9350">
+<DATE>25-MAR-1987 10:56:47.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1222&#31;reute
+r f BC-INLAND-STEEL-&lt;IAD>-PR   03-25 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INLAND STEEL &lt;IAD> PREFERRED OFFERED</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Lead underwriters &lt;Goldman, Sachs and
+Co> and First Boston Inc &lt;FBC> said an offering of two mln
+Series C 3.625 dlr cumulative convertible exchangeable
+preferred shares of Inland Steel Industries Inc is underway at
+50 dlrs per share.
+    The preferred shares are convertible at any time into
+common stock at 1.667 common shares per preferred share and are
+exchangeable at the company's option on any dividend payment
+date starting May 1, 1989 for 7.25 pct convertible subordinated
+debentures due May 1, 2012.
+    The underwriters said the preferred shares are not
+redeemable before May 1, 1989 and thereafter are redeemable for
+cash at the company's option at prices declining to par on May
+1, 1997.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14872" NEWID="9351">
+<DATE>25-MAR-1987 10:57:07.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1225&#31;reute
+r f BC-ADVANCED-MICRO-&lt;AMD>   03-25 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED MICRO &lt;AMD> PREFERRED OFFERED</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Lead underwriters &lt;Donaldson, Lufkin
+and Jenrette> and Salomon Inc &lt;SB> said an offering of three
+mln shares of Advanced Micro Devices Inc depositary convertible
+exchangeable preferred shares is under way at 50 dlrs per
+share.
+    Underwriters have been granted an option to buy another
+450,000 depositary shares to cover overallotments.
+    Each depositary share bears an annual dividend of three
+dlrs per share and represents 0.1 30 dlr convertible
+exchangeable preferred share.
+    The underwriters said the preferred shares are convertible
+into common stock at 25.16 dlrs per share initially and are
+exchangeable at the company's option for six pct convertible
+subordinated debentures due 2012.  The preferred shares are not
+redeemable before March 15, 1990 unless the market price of the
+common stock equals or exceeds 150 pct of the conversion price
+for specified periods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14873" NEWID="9352">
+<DATE>25-MAR-1987 10:57:32.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1229&#31;reute
+d f BC-TRICENTROL-TO-CONCENT   03-25 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRICENTROL TO CONCENTRATE ON PROVEN RESERVES</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Tricentrol Plc &lt;TCT.L> said it will
+concentrate most of its efforts this year on its proven oil and
+gas reserves in order to maximise benefits to shareholders in
+the mid to long-term.
+    It said in a statement "We are confident that substantial
+development funds will be available to Tricentrol and that we
+will be able to minimise further disposal of our interests."
+    Tricentrol wrote off 57.5 mln stg on the reorganisation of
+its North American operations last year, when oil prices
+plunged. The group incurred a 1986 net loss of 3.7 mln stg
+against a 25.4 mln profit the previous year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14874" NEWID="9353">
+<DATE>25-MAR-1987 10:58:09.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1232&#31;reute
+r f BC-ROLLS-ROYCE-SIGNS-NEW   03-25 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROLLS-ROYCE SIGNS NEW ENGINE DEAL WITH BOEING</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>&lt;Rolls-Royce Ltd> said it signed an
+agreement with the Boeing Company &lt;BA.N> to install its RB
+211-524 D4D engine on the B767 family of aircraft.
+    The engine, currently under development, will be ready for
+service by early 1990, the company said in a statement.
+    Boeing 747s are also powered with the engine, and its use
+in B767 craft too could bring significant operating benefits,
+Rolls-Royce said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14875" NEWID="9354">
+<DATE>25-MAR-1987 11:03:26.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1254&#31;reute
+s f BC-BROOKLYN-UNION-GAS-CO   03-25 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROOKLYN UNION GAS CO &lt;BU> SETS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 25 -
+    </DATELINE><BODY>Qtrly div 41.5 cts vs 41.5 cts prior
+    Pay May One
+    Record April 6
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14876" NEWID="9355">
+<DATE>25-MAR-1987 11:06:42.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1270&#31;reute
+r f BC-UNISYS-&lt;UIS>-INTRODUC   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNISYS &lt;UIS> INTRODUCES NEW PRODUCTS</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Unisys Corp introduced two new
+mainframe computers, new workstations, and other products.
+    The company said the V510 and V530 large-scale computers
+offer up to a four-fold increase in performance over existing V
+series.
+    Customer deliveries of the new models, aimed at business,
+government and financial markets, are planned for the fourth
+quarter of 1987 and the first quarter of 1988.
+    Base price of the V510 system is 950,000 dlrs and the V530
+system is based priced at 1,775,000 dlrs, the company said.
+    Speaking at a press conference, Joseph Kroger, Unisys vice
+chairman, said the new product introductions are the first
+concrete examples of the increased resources of the merged
+Burroughs and Sperry.
+    He said the company had exceeded its goal of cutting costs
+by 150 mln dlrs in the first year after the merger, and reduced
+debt by nearly two billion dlrs, more than the originally
+expected 1.5 billion dlrs.
+    In addition to the mainframes, Unisys introduced an
+addition to its B25 family of desktop computer systems. The new
+system, the B38, will make greater use of its Intel Corp &lt;INTC>
+microprocessor using available software.
+    The B38 is available for immediate delivery with a base
+configuration price of 8,375 dlrs.
+    The company also introduced new software products,
+interconnect capabilities, and a laser printer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14877" NEWID="9356">
+<DATE>25-MAR-1987 11:07:17.85</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1276&#31;reute
+u f BC-ARGENTINE-PORT-WORKER   03-25 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE PORT WORKERS TAKE INDUSTRIAL ACTION</TITLE>
+<DATELINE>    BUENOS AIRES, March 25 - </DATELINE><BODY>Argentine port workers began an
+indefinite protest against safety conditions at the port of
+Buenos Aires, stopping work for one hour per shift, a press
+spokesman said.
+    He said three port workers had died over the last month in
+accidents. He said the decision to take action was made after a
+port worker died yesterday after being electrocuted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14878" NEWID="9357">
+<DATE>25-MAR-1987 11:07:20.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1277&#31;reute
+b f BC-novamin   03-25 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>NOVAMIN SAYS IT RECEIVED PROPOSED TAKEOVER BID FROM BREAKWATER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14879" NEWID="9358">
+<DATE>25-MAR-1987 11:07:27.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1278&#31;reute
+d f BC-NYFE-SEAT-SELLS-FOR-2   03-25 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYFE SEAT SELLS FOR 200 DLRS</TITLE>
+<DATELINE>    NEW YORK, MARCH 25 - </DATELINE><BODY>The New York Stock Exchange said a
+seat on the New York Futures Exchange sold for 200 dlrs,
+unchanged from the previous sale on Tuesday.
+    The Exchange said the current bid is 100 dlrs and the offer
+is 200 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14880" NEWID="9359">
+<DATE>25-MAR-1987 11:08:25.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1283&#31;reute
+u f BC-NEC-CORP-HAS-150-MLN   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEC CORP HAS 150 MLN DLR EURO-CP PROGRAM</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>NEC Corp is establishing a 150 mln dlr
+euro-commercial paper program with a sterling option, Morgan
+Guaranty Ltd said as arranger.
+    Paper will be issued by NEC Industries Netherlands BV under
+the guarantee of NEC Corp.
+    Dealers will be Morgan Guaranty, Chase Investment Bank Ltd,
+Shearson Lehman Brothers International and Swiss Bank Corp
+International Ltd.  Issuing and paying agent will be Chase
+Manhattan Bank NA, London.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14881" NEWID="9360">
+<DATE>25-MAR-1987 11:08:58.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1285&#31;reute
+u f BC-FRANCE-SETS-FOUR-BILL   03-25 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE SETS FOUR BILLION FRANC T-BILL TENDER</TITLE>
+<DATELINE>    PARIS, March 25 - </DATELINE><BODY>The Bank of France said it will offer
+four billion francs worth of negotiable Treasury bills at its
+next weekly tender on March 30.
+    The total includes 1.5 billion francs worth of 13-week
+bills and 2.5 billion francs of 24-week bills.
+    At this week's tender on Monday the Bank sold a total of
+2.98 billion francs worth of 13-week bills, 3.19 billion francs
+worth of five-year bills and 2.69 billion francs worth of
+two-year bills.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14882" NEWID="9361">
+<DATE>25-MAR-1987 11:14:10.28</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1305&#31;reute
+b f BC-/-FED-EXPECTED-TO-ADD   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD RESERVES IN MARKET</TITLE>
+<DATELINE>     NEW YORK, March 25 - </DATELINE><BODY>The Federal Reserve will probably
+intervene in the government securities market to add reserves
+today, economists said.
+    They expected the Fed will supply temporary reserves
+indirectly via 1.5 to two billion dlrs of customer repurchase
+agreements.
+    Fed funds hovered at a relatively high 6-1/4 pct this
+morning after averaging 6.14 pct on Tuesday.
+    Early this afternoon the Fed also is expected to supply
+reserves permanently, effective Thursday, by offering to buy
+all maturities of Treasury bills.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14883" NEWID="9362">
+<DATE>25-MAR-1987 11:17:45.61</DATE>
+<TOPICS><D>sugar</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1317&#31;reute
+b f BC-INDIA-REPORTED-BUYING   03-25 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA REPORTED BUYING TWO WHITE SUGAR CARGOES</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>India is reported to have bought two
+white sugar cargoes for April/May shipment at its tender today
+near 227 dlrs a tonne cost and freight and could be seeking a
+third cargo, traders said.
+    A British operator is believed to have sold one of the
+cargoes, while an Austrian concern is thought to have featured
+in the second cargo sale, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14884" NEWID="9363">
+<DATE>25-MAR-1987 11:19:15.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1320&#31;reute
+u f BC-NOVAMIN-IN-PROPOSED-B   03-25 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVAMIN IN PROPOSED BUYOUT BY BREAWATER &lt;BWRLF></TITLE>
+<DATELINE>    TORONTO, March 25 - </DATELINE><BODY>&lt;Novamin Inc> said it received a
+proposed takeover offer from Breakwater Resources Ltd involving
+a swap of one Breakwater share for two Novamin common shares.
+    It said the proposal also called for conversion of
+outstanding Novamin warrants into Breakwater common shares on
+the same basis, provided the exercise price was paid by the
+warrant holders.
+    Novamin, a mineral exploration company, said directors
+would meet next Tuesday to deal with the proposal, which, it
+said, was subject to approval by Breakwater directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14885" NEWID="9364">
+<DATE>25-MAR-1987 11:20:55.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1323&#31;reute
+r f BC-LILLY-INDUSTRIAL-COAT   03-25 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LILLY INDUSTRIAL COATINGS INC &lt;LICIA> 1ST QTR</TITLE>
+<DATELINE>    INDIANAPOLIS, March 25 - </DATELINE><BODY>Feb 28 end
+    Shr 18 cts vs 13 cts
+    Net 1,541,000 vs 1,122,000
+    Sales 36.7 mln vs 33.5 mln
+    Avg shrs 8,517,000 vs 8,441,000
+    NOTE: Share adjusted for five pct stock dividend in August
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14886" NEWID="9365">
+<DATE>25-MAR-1987 11:22:15.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1327&#31;reute
+u f BC-COMMONWEALTY-REALTY-&lt;   03-25 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTY REALTY &lt;CRTYZ>, BAY &lt;BAY> END TALKS</TITLE>
+<DATELINE>    PRINCETON, N.J., March 215 - </DATELINE><BODY>Commonwealth Realty Trust said
+preliminary merger talks with Bay Financial Corp have been
+terminated due to a failure to agree on terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14887" NEWID="9366">
+<DATE>25-MAR-1987 11:22:26.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1329&#31;reute
+r f BC-MET-PRO-CORP-&lt;MPR>-4T   03-25 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MET-PRO CORP &lt;MPR> 4TH QTR ENDS JAN 31 NET</TITLE>
+<DATELINE>    PHILADELPHIA, March 25 -
+    </DATELINE><BODY>Shr 19 cts vs 18 cts
+    Net 362,692 vs 347,868
+    Revs 6,311,808 vs 5,827,538
+    12 mths
+    Shr 60 cts vs 80 cts
+    Net 1,152,746 vs 1,534,503
+    Revs 24.7 mln vs 25.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14888" NEWID="9367">
+<DATE>25-MAR-1987 11:22:36.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1331&#31;reute
+r f BC-EDO-&lt;EDO>-TO-BUY-BACK   03-25 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDO &lt;EDO> TO BUY BACK ADDITIONAL 500,000 SHARES</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>EDO Corp said its board approved the
+repurchase of an additional 500,000 shares of its common on the
+open market, or through privately negotiated transactions.
+    EDO said the authorization is in addition to the 2,690,000
+shares announced previously.
+    Since 1983, Edo said it has purchased over 2.1 mln shares
+of its common, leaving about 560,000 shares authorized for
+purchase prior to today's action.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14889" NEWID="9368">
+<DATE>25-MAR-1987 11:22:50.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1333&#31;reute
+d f BC-VISTA-&lt;VISA>-FORMS-OF   03-25 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VISTA &lt;VISA> FORMS OFFICE OF THE PRESIDENT</TITLE>
+<DATELINE>    NEW YORK, March 24 - </DATELINE><BODY>Vista Organization Ltd said its board
+has formed an office of the president.
+    The company said the office includes Mark S. Germain, who
+is primarily responsible for administration and corporate
+policy, Herb Jaffe, who heads motion picture operations, and
+Gabriel Katzka, who is in charge of television operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14890" NEWID="9369">
+<DATE>25-MAR-1987 11:22:54.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1334&#31;reute
+s f BC-CENTRAL-MAINE-POWER-C   03-25 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL MAINE POWER CO &lt;CTP> SETS QUARTERLY</TITLE>
+<DATELINE>    AUGUSTA, Maine, March 25 -
+    </DATELINE><BODY>Qtly div 35 cts vs 35 cts prior
+    Pay April 30
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14891" NEWID="9370">
+<DATE>25-MAR-1987 11:27:09.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1343&#31;reute
+b f BC-SOME-FIRMS-CURB-COMMO   03-25 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOME FIRMS CURB COMMODITIES BUSINESS WITH DREXEL</TITLE>
+<DATELINE>     NEW YORK, March 25 - </DATELINE><BODY>&lt;Drexel Burnham Lambert Inc> said
+some Wall Street firms have limited their commodities trading
+business with Drexel.
+    Rumors circulated in financial and commodity markets
+yesterday that units of &lt;Shearson Lehman Brothers Inc>, Salomon
+Inc &lt;SB> and &lt;Goldman, Sachs and Co> had restricted commodities
+business with Drexel because of its involvement in the
+government's insider trading probe.
+    In response to questions, a Drexel spokesman said, "Any
+questions raised about our credit conditions are ridiculous as
+those few competitors who have instituted restrictions for
+whatever their motives well know."
+    Securities industry sources said the three firms were
+restricting their business with Drexel particularly in oil and
+precious metals. The firms have restricted business in some
+areas, but not others, the sources said.
+    All three firms declined to comment, and the Drexel
+spokesman did not identify the companies by name.
+    Drexel and some officials, including Michael Milken, head
+of its "junk bond" department, were subpoenaed following the
+government's settlement of insider trading charges against
+arbitrager Ivan Boesky.
+    Securities industry sources said the three firms were
+restricting their business with Drexel particularly in oil and
+precious metals. The firms have restricted business in some
+areas, but not others, the sources said.
+    All three firms declined to comment, and the Drexel
+spokesman did not identify the companies by name.
+    Drexel and some officials, including Michael Milken, head
+of its "junk bond" department, were subpoenaed following the
+government's settlement of insider trading charges against
+arbitrager Ivan Boesky.
+    "Our commodity trading group, &lt;DBL Trading Corp>, is
+operating normally and very profitably. It has had absolutely
+no disruption in its trading and operation," a Drexel spokesman
+said.
+    He added, "the financial picture of the firm as a whole has
+never been healthier. We have capital of 1.9 billion dlrs, the
+fourth largest on Wall Street, equity of 1.3 billion dlrs, and
+excess net capital of one billion dlrs."
+    "People who invent and circulate rumors about any financial
+institution, including Drexel Burnham, are doing a serious,
+grave disservice to the investing public and marketplace," the
+spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14892" NEWID="9371">
+<DATE>25-MAR-1987 11:29:00.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1349&#31;reute
+u f BC-PEP-BOYS-&lt;PBY>-SETS-S   03-25 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEP BOYS &lt;PBY> SETS SPLIT, RAISES QUARTERLY</TITLE>
+<DATELINE>    PHILADELPHIA, March 25 - Pep Boys - </DATELINE><BODY>Manny, Moe and Jack Inc
+said its board declared a three-for-one stock split and raised
+the quarterly dividend to six cts presplit from 5-1/2 cts.
+    Both are payable July 27 to holders of record July One and
+the
+    The split is subject to shareholder approval at the May 18
+annual meeting of an increase in authorized common shares to
+500 mln from 40 mln, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14893" NEWID="9372">
+<DATE>25-MAR-1987 11:29:16.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1351&#31;reute
+u f BC-PEP-BOYS---MANNY,-MOE   03-25 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEP BOYS - MANNY, MOE AND JACK INC &lt;PBY> 4TH QTR</TITLE>
+<DATELINE>    PHILADELPHIA, March 25 - </DATELINE><BODY>Jan 31 end
+    Shr 45 cts vs 37 cts
+    Net 8,349,000 vs 6,187,000
+    Sales 126.7 mln vs 103.7 mln
+    Year
+    Shr 1.55 dlrs vs 1.29 dlrs
+    Net 28.1 mln vs 21.1 mln
+    Sales 485.9 mln vs 388.9 mln
+    NOTE: Latest year net includes three cts shr gain from sale
+of assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14894" NEWID="9373">
+<DATE>25-MAR-1987 11:29:34.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1354&#31;reute
+r f BC-HOVNANIAN-ENTERPRISES   03-25 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOVNANIAN ENTERPRISES &lt;HOV> EARNINGS TO RISE</TITLE>
+<DATELINE>    PHOENIX, March 25 - </DATELINE><BODY>Hovnanian Enterprises Inc said the
+company's earnings for year would exceed the 1.65 dlrs a share
+previously announced and could go as high as 1.75 dlrs for
+fiscal year ended  Feb 28, 1987.
+    The company posted net earnings of 11.5 mln dlrs, or 1.72
+dlrs per share, on revenues of 199.3 mln dlrs for fiscal year
+1986. These figures reflect two three-for-two stock splits in
+March and August 1986.
+    At the Annual Drexel Burnham Lambert Construction
+Conference here, Hovnanian executive vice presidnt Ara
+Hovnanian said the company expects an earnings range of between
+2.35 dlrs and 2.55 dlrs per share for fiscal 1988.
+    Total revenues for the year ending Feb 29, 1988, should be
+between 320 mln and 350 mln, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14895" NEWID="9374">
+<DATE>25-MAR-1987 11:31:46.79</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1362&#31;reute
+b f BC-/NY-TRADERS-SAY-TURKE   03-25 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NY TRADERS SAY TURKEY MADE LARGE SUGAR PURCHASE</TITLE>
+<DATELINE>    ****NEW YORK, March 25 - </DATELINE><BODY>Turkey bought an estimated 100,000
+tonnes of white sugar from three trade houses today for April
+to June shipment, according to trade sources.
+    They said a large U.K. trade house sold 50,000 tonnes, a
+U.S. house traded 25,000 tonnes, and a Swiss-based dealer house
+25,000 tonnes.
+    Price details were unclear but reports this morning
+suggested that Turkey was offered sugar at prices ranging down
+to 212 dlrs a tonne, c and f basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14896" NEWID="9375">
+<DATE>25-MAR-1987 11:32:14.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1366&#31;reute
+r f BC-NORFOLK-&lt;NSC>-UNIT-SE   03-25 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORFOLK &lt;NSC> UNIT SELLS EQUIPMENT CERTIFICATES</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Southern Railway Co, a unit of Norfolk
+Southern Corp, is raising 20.6 mln dlrs through an offering of
+equipment trust certificates due 1988 to 2002, said lead
+manager Morgan Stanley and Co Inc.
+    Morgan headed a syndicate that won the certificates in
+competitive bidding. It bid them at 98.252 and set a 7-1/4 pct
+coupon and various reoffering prices for the maturities. Yields
+range from 6.20 to 7-3/4 pct.
+    Non-callable for life, the certificates are rated a
+top-flight AAA by both Moody's and Standard and Poor's. Kidder
+Peabody is co-managing the issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14897" NEWID="9376">
+<DATE>25-MAR-1987 11:33:04.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1372&#31;reute
+u f BC-ANHEUSER-BUSCH-&lt;BUD>   03-25 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANHEUSER-BUSCH &lt;BUD> OFFICER RESIGNS</TITLE>
+<DATELINE>    ST. LOUIS, Mo., March 25 - </DATELINE><BODY>Anheuser-Busch Cos Inc said
+Dennis Long, vice president and group executive of the company,
+and president of its beer subsidiary, Anheuser-Busch Inc, is
+resigning from the company.
+    The company said it accepted his resignation at a regular
+meeting of the board of directors.
+    He will be replaced as president of the unit by August
+Busch III, chairman and president of the company, and chairman
+and chief executive officer of the unit, the company said.
+    Long said in a statement referring to his resignation: "I
+have great respect for Anheuser-Busch and its management team.
+As president of Anheuser-Busch Inc I assume full responsibility
+for the actions if its officers and employees and have chosen
+to resign in the best interest of the company."
+    Published reports have said Long is under investigation by
+the company concerning charges of improper conduct by certain
+employees and suppliers. A spokesman for the company would not
+comment further about Long's resignation.
+    The company's stock was down 1-1/8 to 34-3/4 this morning.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14898" NEWID="9377">
+<DATE>25-MAR-1987 11:40:15.99</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1403&#31;reute
+f f BC-******JOHNSON-SAYS-FE   03-25 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JOHNSON SAYS FED'S ACTIONS YESTERDAY MEANT TO STABILIZE DOLLAR AT CURRENT LEVELS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14899" NEWID="9378">
+<DATE>25-MAR-1987 11:40:26.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1404&#31;reute
+d f BC-SUNSTAR-FOODS-INC-&lt;SU   03-25 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNSTAR FOODS INC &lt;SUNF> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 25 -
+    </DATELINE><BODY>Shr 23 cts vs not reported
+    Net 282,000 vs 1,000
+    Sales 18.6 mln vs 18.7 mln
+    Six mths
+    Shr 48 cts vs 17 cts
+    Net 583,000 vs 213,000
+    Sales 37.8 mln vs 37.5 mln
+   NOTE: 1987 six months net includes a loss from discontinued
+operations equal to two cts a share.
+    1986 net includes losses from discontinued operations of
+four cts in the quarter and six cts in the six months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14900" NEWID="9379">
+<DATE>25-MAR-1987 11:43:29.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1418&#31;reute
+r f BC-PHOENIX-RE-&lt;PXRE>-INI   03-25 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOENIX RE &lt;PXRE> INITIAL OFFERING UNDER WAY</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Phoenix Re Corp said an initial public
+offering of 2,500,000 common shares is under way at 13 dlrs
+each through underwriters led by American Express Co's &lt;AXP>
+Shearson Lehman Brothers Inc subsidiary and Advest Group Inc
+&lt;ADV>.
+    Phoenix Re was formed by Phoenix Mutual Life Insurance Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14901" NEWID="9380">
+<DATE>25-MAR-1987 11:45:55.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1419&#31;reute
+u f BC-NIPPON-SIGNAL-TO-ISSU   03-25 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON SIGNAL TO ISSUE 50 MLN SWISS FRANC NOTES</TITLE>
+<DATELINE>    ZURICH, March 25 - </DATELINE><BODY>Nippon Signal Co Ltd is planning to
+issue 50 mln Swiss franc notes with warrants, lead manager
+Morgan Stanley and Co Inc said.
+    It said details would be released tomorrow.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14902" NEWID="9381">
+<DATE>25-MAR-1987 11:48:22.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1426&#31;reute
+u f BC-HADSON-&lt;HADS>-TO-ACQU   03-25 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HADSON &lt;HADS> TO ACQUIRE 85 PCT OF SEAXE &lt;SEAX></TITLE>
+<DATELINE>    OKLAHOMA CITY, March 25 - </DATELINE><BODY>Hadson Corp said it has signed a
+definitive agreement to acquire 85 pct of the outstanding
+common stock of Seaxe Energy Corp.
+    The company said it will buy the 85 pct interest in Seaxe
+from shareholders owning restricted or controlled shares for
+less than 200,000 Hadson common shares.
+    It said closing is subject to the approval of title
+assignments by the French government.  Seaxe is involved in oil
+and natural gas exploration and development in the Paris Basin
+of France.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14903" NEWID="9382">
+<DATE>25-MAR-1987 11:48:37.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1427&#31;reute
+d f BC-REUTERS-TO-BUY-I-P-SH   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS TO BUY I P SHARP OF CANADA</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Reuters Holdings Plc &lt;RTRS.L> said it
+had agreed in principle to buy &lt;I P Sharp Associates Ltd> of
+Toronto for 30.4 mln stg.
+    Sharp is a time-sharing network and database company
+specialising in finance, economics, energy and aviation. It
+operates a global packet-switching network and global limits
+systems for foreign exchange trading.
+    Sharp shareholders will be offered cash, shares or a
+mixture of the two in settlement. The acquisition, which is
+subject to Canadian government approval, would be through
+amalgamation into a specially-created company.
+    Reuters said it had been given options by a number of Sharp
+shareholders covering 67 pct of the common stock pending
+completion of a Reuters review of the company.
+    Sharp operates 38 offices in 20 countries. In 1986 it
+reported revenue of 55 mln Canadian dlrs with a pretax loss of
+1.6 mln compared with a 1.9 mln profit in 1985.
+    However, Sharp said that internal accounts showed the
+company was in profit in the first two months of 1987.
+    End-1986 net assets totalled 11.85 mln dlrs.
+    A Reuters statement said the acquisition would fit
+perfectly into its package for the banking and securities
+industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14904" NEWID="9383">
+<DATE>25-MAR-1987 11:49:28.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1432&#31;reute
+u f BC-TCBY-ENTERPRISES-&lt;TCB   03-25 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TCBY ENTERPRISES &lt;TCBY> SPLITS STOCK</TITLE>
+<DATELINE>    LITTLE ROCK, Ark., March 25 - </DATELINE><BODY>TCBY Enterprises Inc said its
+board has approved a three-for-two split of its common stock
+with a distribution to be made on April 24 to stockholders of
+record on April 9.
+    The split will increase the number of outstanding shares to
+over 26 mln from about 17.3 mln shares now, the company said.
+    TCBY Enetrprises is a franchisor and operator of retail
+stores specializing in frozen yogurt-related treats.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14905" NEWID="9384">
+<DATE>25-MAR-1987 11:49:35.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1433&#31;reute
+r f BC-FIRST-INTERSTATE-&lt;I>   03-25 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST INTERSTATE &lt;I> SELLS CAPITAL NOTES</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>First Interstate Bancorp is offering
+200 mln dlrs of subordinated capital notes due 1999 with an
+8-5/8 pct coupon and par pricing, said lead manager Goldman,
+Sachs and Co.
+    That is 140 basis points more than the yield of comparable
+Treasury securities.
+    Non-callable to maturity, the issue is rated A-1 by Moody's
+Investors Service Inc and A-plus by Standard and Poor's Corp.
+First Boston, Salomon Brothers and Shearson Lehman co-managed
+the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14906" NEWID="9385">
+<DATE>25-MAR-1987 11:49:47.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1435&#31;reute
+s f BC-RAYTHEON-CO-&lt;RTN>-SET   03-25 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYTHEON CO &lt;RTN> SETS QUARTERLY</TITLE>
+<DATELINE>    LEXINGTON, Mass., March 25 -
+    </DATELINE><BODY>Qtly div 45 cts vs 45 cts prior
+    Pay April 30
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14907" NEWID="9386">
+<DATE>25-MAR-1987 11:50:00.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1436&#31;reute
+d f BC-FIAT-MAY-ISSUE-BOND-F   03-25 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIAT MAY ISSUE BOND FOR LIBYAN STAKE, PAPER SAYS</TITLE>
+<DATELINE>    FRANKFURT, March 25 - </DATELINE><BODY>Fiat Spa &lt;FIAT.MI> is considering
+issuing a eurobond of up to 384 mln dlrs, convertible or with
+warrants attached for exercise into its shares still with banks
+after the placement of the Libyan stake last autumn, the
+financial daily Handelsblatt reported, quoting bourse sources.
+    The newspaper gave no other details. But dealers said
+shares of Deutsche Bank AG &lt;DBKG.F> had been strong in recent
+days, partly on hopes that the issue would allow the bank to
+place its Fiat quota with investors at a reasonable price.
+    Deutsche was lead underwriter for the 2.13 billion dlr Fiat
+placement, announced on September 23.
+    In Milan, a Fiat spokesman had no comment on the reports.
+    A Deutsche Bank spokesman here said he had no knowledge of
+a possible equity-linked Fiat bond. But German banking sources
+said concern the bank had to take a hefty writedown for its
+unplaced Fiat stock had weighed heavily on its share price.
+    Milan share dealers also said Fiat stock had been under
+pressure since the placement. Ordinary shares rose 20 lire to
+12,880 today, but were well down from 16,600 on September 23.
+    Sources close to Italian state-owned investment bank IMI
+said earlier this month that a convertible issue was being
+considered, but gave no details of the amount involved.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14908" NEWID="9387">
+<DATE>25-MAR-1987 11:50:17.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1438&#31;reute
+h f BC-ITALY'S-STET-FORMS-TE   03-25 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S STET FORMS TELECOMMUNICATIONS FIRM</TITLE>
+<DATELINE>    ROME, March 25 - </DATELINE><BODY>State holding company &lt;Societa Finanziaria
+Telefonica Spa> (STET) said it was forming a new
+telecommunications company, &lt;Teleo Spa> that intends to offer
+electronic mail systems among its services.
+    Teleo plans initial investments of 18 billion lire and
+estimates annual sales could reach 90 billion lire within five
+years, STET officials said at a news conference.
+   STET will have a 10 pct stake in the new firm, with the
+remaining share capital held by two STET subsidiaries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14909" NEWID="9388">
+<DATE>25-MAR-1987 11:50:53.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1441&#31;reute
+r f BC-P.H.-GLATFELTER-CO-&lt;G   03-25 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>P.H. GLATFELTER CO &lt;GLP> INCREASES DIVIDEND</TITLE>
+<DATELINE>    SPRING GROVE, Pa., March 25 - </DATELINE><BODY>P.H. Glatfelter said its
+board increased its quarterly dividend on its common stock to
+14 cts per share, from 12.5 cts per share the prior quarter.
+    It said the dividend is payable May 1, 1987, to
+shareholders of record April 15, 1987.
+    In addition, the company said it authorized the repurchase
+of up to an additional one mln shares of its common stock.
+    On March 27, 1985, the board had authorized the repurchase
+of up to two mln shares, as adjusted for a two-for-one split,
+effected in April 1986, the company said.
+    The company said 521,508 shares may still be repurchased
+under the 1985 authorization. It added any shares repurchased
+would be added to the treasury and will be available for future
+issuance.
+    The company said it has no present plans to issue any of
+the shares which may be repurchased. The company said it
+presently has 24,614,352 common shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14910" NEWID="9389">
+<DATE>25-MAR-1987 11:51:06.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1442&#31;reute
+d f BC-LIFE-OF-INDIANA-CORP   03-25 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFE OF INDIANA CORP &lt;LIFI> 4TH QTR LOSS</TITLE>
+<DATELINE>    INDIANAPOLIS, IND., March 25 - 
+    </DATELINE><BODY>Shr loss 19 cts vs profit 57 cts
+    Net loss 103,005 vs profit 319,344
+    Year
+    Shr profit 22 cts vs profit 10 cts
+    Net profit 1,236,347 vs profit 570,222
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14911" NEWID="9390">
+<DATE>25-MAR-1987 11:51:30.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1444&#31;reute
+r f BC-(CORRECTED)---TSENG-&lt;   03-25 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED) - TSENG &lt;TSNG> SEES SALES INCREASE</TITLE>
+<DATELINE>    NEWTON, Pa., March 25 - </DATELINE><BODY>Tseng Laboratories Inc said it
+expects first quarter 1987 sales to exceed total sales for the
+entire 1986 year, and said it expects earnings for the quarter
+to grow at a faster rate than sales.
+    Tseng posted total revenues for 1986 of 4,255,731, and net
+income of 258,125, or 1.4 cts per share.
+    Jack Tseng, president of the company, attributed the high
+expectations to increased orders from major costomers, as well
+as accelerated business from its growing reseller network.
+    Tseng posted first quarter 1986 sales of 549,950, and net
+income of 19,163, the company said. (corrects cts per share)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14912" NEWID="9391">
+<DATE>25-MAR-1987 11:54:07.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1453&#31;reute
+u f BC-BRAZILIAN-BANK-STRIKE   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN BANK STRIKE SPREADS, UNION SAYS</TITLE>
+<DATELINE>    SAO PAULO, March 25 - </DATELINE><BODY>A nationwide bank strike launched
+yesterday by Brazilian bank workers gained more support today
+with the closure of the &lt;Banco do Estado de Sao Paulo>
+(Banespa) in Sao Paulo, a union spokesman said.
+    The spokesman said about 530,000 of Brazil's 700,000 bank
+workers were on strike. He said the chief development since
+yesterday was the decision by the city's 20,000 Banespa workers
+to come out on strike. Banespa is the Sao Paulo state bank.
+    State-controlled &lt;Banco do Brasil SA>, with over 3,000
+branches throughout the country, closed down yesterday.
+    Bank industry sources say the closure of the Banco do
+Brasil will soon force the shutdown of the many private banks
+which are not strike-bound.
+    The bankworkers are seeking an immediate pay rise of 100
+pct and monthly salary adjustments.
+    A spokesman for the National Federation of Banks, Adilson
+Lorente, said that yesterday only 30 pct of private banks'
+branches were strike-bound. He had no estimate of how many
+workers were on strike or any information on the percentage of
+branches open today.
+ REUTER E
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14913" NEWID="9392">
+<DATE>25-MAR-1987 11:54:46.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1455&#31;reute
+r f BC-consolidated-norex   03-25 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED NOREX TO ACQUIRE TRIWEB RESOURCES</TITLE>
+<DATELINE>    CALGARY, Alberta, March 25 - </DATELINE><BODY>&lt;Consolidated Norex Resources
+Ltd> said it agreed to acquire all issued and outstanding
+shares of Triweb Resources Ltd, a privately held oil and gas
+company with land holdings and production base in Alberta and
+Saskatchewan.
+    The company said specific details relating to purchase
+price and other terms will be released on closing of the
+transaction, expected by May 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14914" NEWID="9393">
+<DATE>25-MAR-1987 11:55:26.46</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1457&#31;reute
+u f BC-THAI-SUGAR-PRODUCTION   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI SUGAR PRODUCTION CONTINUES HIGH IN FEB</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Thai sugar production continued at a
+high level in February, latest figures received by the
+International Sugar Organization (ISO) show.
+    The figures show stocks at end-February of 2.49 mln tonnes
+raw value against 2.33 mln a year earlier. Analysts said this
+was a new peak for the date.
+    Production in February was 961,000 tonnes against 888,000
+in February 1986 and took the Nov/Feb total for the current
+crop to 2.25 mln tonnes. Production normally tails off sharply
+after March, but in recent years production from March to the
+end of the crop has been over 500,000 tonnes, analysts said.
+    Thailand's exports in February were 32,800 tonnes and
+consumption 57,800.
+    Last month the Thai Agriculture Ministry said 1986/87
+production was expected to fall to 2.3 mln tonnes from 2.48 mln
+in 1985/86.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14915" NEWID="9394">
+<DATE>25-MAR-1987 11:55:50.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1460&#31;reute
+b f BC-SWEDISH-EXPORT-CREDIT   03-25 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH EXPORT CREDIT ISSUES NEW ZEALAND DLR BOND</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Swedish Export Credit is issuing 75 mln
+New Zealand dlr eurobonds due April 28, 1989, paying 19 pct and
+priced at 101-1/4 pct, lead manager Credit Suisse First Boston
+said.
+    The bond is available in denominations of 1,000 and 5,000
+dlrs and will be listed in Luxembourg. Fees comprise 7/8 pct
+selling concession and 3/8 pct management and underwriting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14916" NEWID="9395">
+<DATE>25-MAR-1987 11:56:10.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1462&#31;reute
+r f BC-APOLLO-COMPUTER-&lt;APCI   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APOLLO COMPUTER &lt;APCI> IN JOINT MARKETING PACT</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 25 - </DATELINE><BODY>Apollo Computer Inc said it
+entered into a joint marketing agreement with &lt;Palladian
+Software Inc> to distribute an artificial intelligence software
+package.
+    Apollo said it will market the Palladian Management
+Advisor, formerly known as the Financial Advisor, on Apollo
+workstations.
+    Apollo said the agreement signals the first time a general
+business expert system is available for professional
+workstations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14917" NEWID="9396">
+<DATE>25-MAR-1987 12:00:04.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>singapore</D><D>philippines</D><D>indonesia</D><D>thailand</D><D>brunei</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1475&#31;reute
+r f BC-ACCUGRAPH-IN-ASIA-MAR   03-25 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACCUGRAPH IN ASIA MARKETING PACT WITH TRIO-TECH</TITLE>
+<DATELINE>    TORONTO, March 25 - </DATELINE><BODY>&lt;Accugraph Corp> said it named
+Trio-Tech International Pte Ltd, of Singapore, as exclusive
+distributor of Accugraph's computer-aided design and
+manufacturing software for Singapore, the Philippines,
+Thailand, Malaysia, Indonesia and Brunei.
+    Financial terms were undisclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14918" NEWID="9397">
+<DATE>25-MAR-1987 12:03:35.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1491&#31;reute
+f f BC-***REICHHOLD-CHEMICAL   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REICHHOLD CHEMICALS INC EXPLORING POSSIBLE SALE OF EUROPEAN SUBSIDIARY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14919" NEWID="9398">
+<DATE>25-MAR-1987 12:05:57.34</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1508&#31;reute
+b f BC-/NY-TRADERS-EXPECT-CH   03-25 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NY TRADERS EXPECT CHINA TO STEP UP SUGAR BUYING</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Trade house sources said China is
+expected to step up its sugar purchases following yesterday's
+steep drop in world sugar prices.
+    The consensus is that the Chinese will buy between 200,000
+and 400,000 tonnes of raw sugar.
+    "China is short of foreign exchange and a drop in prices is
+usually taken as a buying opportunity by Peking," one trader
+said.
+    Yesterday, prices on the New York world sugar market
+plummeted by 0.58 to 0.50 cent on heavy liquidation by
+speculators, disenchanted over the market's lack of rallying
+power.
+    Speculation is that China will need the sugar for the
+May/July period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14920" NEWID="9399">
+<DATE>25-MAR-1987 12:06:05.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1509&#31;reute
+u f BC-ROSS-STORES-INC-&lt;ROST   03-25 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSS STORES INC &lt;ROST> 4TH QTR JAN 31 LOSS</TITLE>
+<DATELINE>    NEWARK, Calif., March 25 -
+    </DATELINE><BODY>Shr loss 1.30 dlrs vs profit 29 cts
+    Net loss 33.4 mln vs profit 7,386,000
+    Sales 168.2 mln vs 128.4 mln
+    Year
+    Shr loss 1.61 dlrs vs profit 30 cts
+    Net loss 41.4 mln vs profit 7,055,000
+    Sales 527.5 mln vs 366.7 mln
+    NOTE: Latest year net both periods includes 39.4 mln dlr
+provision for closing 25 underperforming stores.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14921" NEWID="9400">
+<DATE>25-MAR-1987 12:06:25.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1512&#31;reute
+u f BC-ITALIAN-TREASURY-BILL   03-25 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN TREASURY BILL OFFER HAS MIXED RESPONSE</TITLE>
+<DATELINE>    ROME, March 25 - </DATELINE><BODY>Market response to the Treasury's 24,500
+billion lire offer of short-term treasury bills was mixed, with
+three-month paper in strong demand but six and 12-month bills
+undersubscribed, Bank of Italy figures show.
+    Rates were unchanged on those indicated at the time the
+offer was announced.
+    The market was assigned all of the 3,500 billion lire of
+three-month bills on offer after requesting a total of 4,695
+billion. Effective net annualised compound yield on the bills
+is 9.87 pct, down from 9.98 pct on the previous issue of
+three-month paper.
+    Of the 9,500 billion lire of six-month paper offered,
+operators requested and were assigned 7,098 billion lire at a
+net annualised compound rate of 9.24 pct, down from 9.30 pct
+previously.
+    The market requested and was assigned 8,584 billion lire of
+the 11,500 billion lire of 12-month bills offered at a net
+annual rate of 9.02 pct, down from 9.05 pct previously.
+    The Bank of Italy took up a total 4,200 billion lire of the
+remaining six and 12-month paper, leaving 1,118 billion lire
+unassigned.
+    The bills replace maturing paper worth 23,442 billion lire,
+of which 20,321 billion lire is in the hands of market
+operators and the remainder with the Bank of Italy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14922" NEWID="9401">
+<DATE>25-MAR-1987 12:09:13.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1533&#31;reute
+u f BC-AFG-&lt;AFG>-EXPANDS-INT   03-25 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFG &lt;AFG> EXPANDS INTO AUTO GLASS REPLACEMENT</TITLE>
+<DATELINE>    IRVINE, Calif., March 25 - </DATELINE><BODY>AFG Industries Inc said it is
+entering the automobile replacement glass market with the
+acquisition of A-1 Quality Glass, of Salt Lake City, and Tempo
+Auto Glass, of Tacoma, Wash.
+    Terms of the acquisitions were not disclosed.
+    AFG also said that if the offer it has made as part of a
+partnership with Wagner and Brown to acquire GenCorp Inc &lt;GY>
+is successful, it will consider establishing autoglass stores
+in GenCorp's retail tire outlets.
+    AFG said that in addition to the two acquisitions, it has
+been operating eight stores through its American Slat Glass
+distribution group.
+    It said a a newly formed subsidiary, AFG Auto Glass Inc,
+will be looking for additional acquisitions as well as opening
+new outlets.
+    A-1 Quality Glass operates a central wholesale autoglass
+distribution center and 23 stores in Utah, Arizona, and other
+western states. Tempo operates four stores in the Pacific
+northwest region.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14923" NEWID="9402">
+<DATE>25-MAR-1987 12:10:38.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1550&#31;reute
+r f BC-GREENWOOD-RESOURCES-S   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREENWOOD RESOURCES SAYS BANKS COULD FORECLOSE</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 25 - </DATELINE><BODY>&lt;Greenwood Resources Inc> 
+said if it is unsuccessful in gaining shareholder approval for
+a debt refinancing with Colorado National Bankshares Inc
+&lt;COLC>, the bank will have the right to foreclose on
+Greenwood's assets.
+    On January 28, Greenwood's board approved an agreement with
+Colorado National calling for the sale of 4,300,000 shares of
+New London Oil owned by Greenwood for 1,700,000 dlrs and
+calling for a restructuring and recapitalizing of Greenwood,
+subject to shareholder approval.
+    As a result of declines in the value of oil and natural gas
+properties brought on by the fall in prices for those fuels,
+Greenwood started facing substantial bank debt prepayment
+requirements in 1986.
+    The New London shares are to be sold to a party in London.
+    On February 1, Colorado National released to the company
+all cash flow from oil and natural gas operations and reduced
+its debt in return for the payment of 1,700,000 dlrs from the
+sale of the New London stock and other considerations.  Eighty
+pct of Greenwood's cash flow from oil and gas operations had
+been allocated to servicing debt to the bank.
+    Under the deal with Colorado National, existing preferred
+and common stocks would be converted into a new common stock,
+subject to shareholder approval.
+    The company said it expects to file proxy materials for the
+special meeting of shareholders at which the matter will be
+considered by the first week of April, mail material to
+shareholders by early May and schedule the meeting for about 30
+days thereafter.
+    It said its 1985 audit -- not conducted at the end of that
+year due to lack of funds -- is being conducted now, along with
+the 1986 audit, by Touche Ross and Co.
+    Greenwood said as soon as its 1985 audit is completed, it
+will apply for readmission to the NASDAQ system, from which it
+was delisted last year.
+    It also said it probably plans to change its name to
+Greenwood Holdings due to its planned redirection from natural
+resources.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14924" NEWID="9403">
+<DATE>25-MAR-1987 12:10:48.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1551&#31;reute
+u f BC-NAVISTAR-&lt;NAV>-STILL   03-25 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAVISTAR &lt;NAV> STILL EXPECTS HIGHER 1987 NET</TITLE>
+<DATELINE>    CHICAGO, March 25 - </DATELINE><BODY>Navistar International Corp chairman
+Donald Lennox repeated that benefits from recapitalization are
+likely to boost future earnings for fiscal 1987.
+    Lennox told the annual meeting that future quarterly and
+full year earnings from ongoing operations should be
+"significantly above 1986 results."
+    In his remarks, Lennox said management has no plans to
+recommend reinstatement of the company's common stock dividend
+in the foreseeable future.
+    He said the outlook for the medium duty truck market
+continues to point to little or no change. But recent order
+receipts indicate a "firmer tone in the heavy duty truck
+segment," which could result in a five to eight pct increase in
+industry shipments for the full year, he said.
+    After restructuring under the holding company format, the
+company's present truck and engine subsidiary will be known as
+Navistar International Transportation Corp. Neil Springer
+currently president and chief operating officer of Navistar
+International was named chairman of the new subsidiary.
+    James Cotting, now vice chairman and chief financial
+officer, was named to succeed Lennox as chairman and chief
+executive officer of Navistar International Corp. Lennox will
+retire March 31.
+    Shareholders at the meeting approved a change in the
+company's structure to a holding company format, to be
+effective April 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14925" NEWID="9404">
+<DATE>25-MAR-1987 12:11:40.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1558&#31;reute
+r f BC-hees-international   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEES INTERNATIONAL SETS 100 MLN DLR SHARE ISSUE</TITLE>
+<DATELINE>    TORONTO, March 25 - </DATELINE><BODY>&lt;Hees International Corp> said it filed
+a preliminary prospectus in Canada for a 100 mln dlr issue of
+1,000 class A preference shares, series G, priced at 100,000
+dlrs a share.
+    The preferred shares will carry a floating dividend rate
+which will be determined in a monthly auction, it said.
+    The issue is being bought by a group of underwriters
+consisting of Dominion Securities Inc, Wood Gundy Inc, Merrill
+Lynch Canada Inc, Gordon Capital Corp and Burns Fry Ltd.
+    The issue raises total outstanding series G preferreds to
+200 mln dlrs and total equity to more than 1.30 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14926" NEWID="9405">
+<DATE>25-MAR-1987 12:11:51.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1560&#31;reute
+r f BC-CORRECTED-LILLY-INDUS   03-25 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED-LILLY INDUSTRIAL COATINGS INC &lt;LICIA></TITLE>
+<DATELINE>    INDIANAPOLIS, March 25 - </DATELINE><BODY>1st qtr Feb 28 end
+    Shr 18 cts vs 13 cts
+    Net 1,541,000 vs 1,122,000
+    Sales 39.7 mln vs 33.5 mln
+    Avg shrs 8,517,000 vs 8,441,000
+    NOTE: Share adjusted for five pct stock dividend in August
+1986.
+    Company corrects current year sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14927" NEWID="9406">
+<DATE>25-MAR-1987 12:12:53.17</DATE>
+<TOPICS><D>trade</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1568&#31;reute
+r f BC-U.S.-SENATE-PANEL-APP   03-25 0144</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE PANEL APPROVES TRADE MISSION BILL</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The U.S. Senate Agriculture
+Committee approved a bill that would establish farm trade and
+aid missions to promote the use of U.S. food aid, donation,
+credit and export subsidy programs by overseas customers.
+    The bill, approved by voice vote, would establish trade
+missions made up of representatives of the Departments of
+Agriculture and State, the Agency for International
+Development, the Overseas Private Investment Corp, market
+development cooperatives and private voluntary organizations.
+    At least 16 missions would have to be sent within one year
+after enactment of the bill. The missions would promote U.S.
+programs, including PL480, Section 416 donations, Export
+Enhancement Program, the dairy export incentive program, and
+export credit guarantee programs (GSM-102, GSM-103).
+    The panel agreed to drop a provision in the original bill,
+offered by Sen. John Melcher (D-Mont.), that would have
+required the U.S. Agriculture Department to donate at least one
+mln tonnes of surplus commodities to developing countries.
+    Current law requires USDA to donate at least 750,000 tonnes
+of surplus grains and dairy products under the Section 416 food
+donation program.
+    The Congressional Budget Office estimated that the proposed
+increase in the minimum tonnage requirement would have cost up
+to 50 mln dlrs per year, Senate staff said.
+    The committee also dropped a provision identifying which
+countries would be the focus of the trade missions' activities.
+    Under the bill adopted by the committee, countries "friendly
+to the United States" would be eligible to host the trade
+missions.
+    Melcher originally had proposed sending missions to Mexico,
+the Philippines, Indonesia, Bangladesh, Senegal, Nigeria, Peru,
+Kenya, the Dominican Republic, Costa Rica, Malaysia, Venezuela,
+Tunisia and Morocco.
+    The bill also would require the Foreign Agricultural
+Service, FAS, to have at least 850 full-time employees during
+fiscal years 1987-89. As of February 28, FAS had 790 full-time
+employees, a FAS spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14928" NEWID="9407">
+<DATE>25-MAR-1987 12:18:53.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1590&#31;reute
+d f BC-CATERPILLAR-WORKERS-T   03-25 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATERPILLAR &lt;CAT> WORKERS TOLD TO END SIT-IN</TITLE>
+<DATELINE>    GLASGOW, Scotland, March 25 - </DATELINE><BODY>The U.S. Caterpillar Tractor
+Co was granted a court injunction ordering some 300 workers to
+end their 10-week occupation of the firm's factory, court
+sources said.
+    The workers, staging a sit-in to protest Caterpillar's
+decision to close the plant with the loss of 1,221 jobs, are
+due to decide on their next step at a mass meeting tonight.
+    Yesterday a spokesman for the workers said they would
+comply with the law if forced out.
+    Caterpillar wants to dismiss the workforce and close the
+plant in May.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14929" NEWID="9408">
+<DATE>25-MAR-1987 12:21:13.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1597&#31;reute
+d f BC-BAT-SHARES-UNDERVALUE   03-25 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAT SHARES UNDERVALUED, SAY STOCK MARKET ANALYSTS</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>BAT Industries Plc &lt;BTI.L> 1986 results,
+which were at the upper end of market expectations, showed the
+company was in a strong position and that its shares were
+probably undervalued, share analysts said.
+    BAT shares were down at 524p in late afternoon trading
+after a previous 535p close. They touched a high of 538p
+earlier on news of a 19 pct rise in annual profits to 1.39
+billion pre-tax.
+    Stock market analysts said today's generally weak stock
+market plus unwinding of positions after heavy buying of BAT
+shares in the run-up to the results caused the fall in the
+share price.
+    "In the current market, people almost expect companies to
+beat expectations," said one analyst, adding that pretax profits
+of 1.35 to 1.40 billion stg had been forecast.
+    BAT's 1986 figure of 1.39 billion stg compared with a 1985
+pretax profit of 1.17 billion.
+    Brokers noted that BAT's shift away from its
+underperforming industries and the decreasing share of the
+tobacco portion of the group were seen as good signs.
+    BAT Chairman Patrick Sheehy told a news conference that the
+tobacco sector of the company had declined to 50 pct from 74
+pct four years ago.
+    Sheehy said he could see the tobacco portion of the company
+declining further as other sectors increased in importance.
+    He said BAT was looking to expand in the area of financial
+services, in particular in the U.S.
+    Sheehy also said the group had "no sizeable acquisitions" in
+sight in the near future.
+    Analysts said BAT's increasingly good performance in the
+U.K. Insurance area was encouraging.
+    Its declining debt-to-equity ratio of currently about 16
+pct also made it likely that BAT would soon be looking to make
+major acquisitions, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14930" NEWID="9409">
+<DATE>25-MAR-1987 12:21:58.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1600&#31;reute
+f f BC--   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BALDRIGE SAYS U.S. WILL NOT LET JAPAN DOMINATE WORLD ELECTRONICS MARKET
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14931" NEWID="9410">
+<DATE>25-MAR-1987 12:22:54.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1606&#31;reute
+b f BC-***REICHHOLD-CHEMICAL   03-25 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REICHHOLD &lt;RCI> EXPLORING SALE OF EUROPEAN UNIT</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., March 25 - </DATELINE><BODY>Reichhold Chemicals Inc said
+it is exploring the sale of its stake in its European
+subsidiary Reichhold Chemie AG.
+    Reichhold Chemie Ag, headquartered in Rausen, Switzerland,
+had sales in excess of 75 mln dlrs last year. It is 83 pct
+owned by Reichhold. The rest is owned by German and Swiss
+shareholders.
+    Reichhold said it is seeking the sale to focus on its
+adhesives business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14932" NEWID="9411">
+<DATE>25-MAR-1987 12:26:40.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1622&#31;reute
+d f BC-AMERICUS-TRUST-FOR-ME   03-25 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICUS TRUST FOR MERCK &lt;MRK> NOW EFFECTIVE</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Alex Brown and Sons Inc said an
+Americus Trust for Merck and Co Inc shares was declared
+effective by the Securities and Exchange Commission.
+    Merck common stock tendered into an Americus Trust is
+converted into trust units on a one-share-for-one-unit basis.
+    Units may then be broken into their prime and score
+components and traded separately.
+    The prime entitles the holder to dividend payments and to
+any stock price increase up to a limit of 200 dlrs for Merck
+shares. The score components entitles holders to profit from
+future price increases above 200 dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14933" NEWID="9412">
+<DATE>25-MAR-1987 12:26:42.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1623&#31;reute
+b f BC-******UAL-SAID-DONALD   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UAL SAID DONALD TRUMP WAS INTERESTED IN UAL STOCK "AS INVESTMENT"
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14934" NEWID="9413">
+<DATE>25-MAR-1987 12:27:21.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1628&#31;reute
+d f BC-INT'L-BROADCASTING-&lt;I   03-25 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L BROADCASTING &lt;IBCA> SETS REVERSE SPLIT</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 25 - </DATELINE><BODY>International Broadcasting
+Corp said shareholders at its annual meeting approved a one for
+25 reverse stock split.
+    The split will be effective after completion of filing
+requirements, it said. New certificates will be needed, it
+added.
+    The media company said it currently has 40,950,000 common
+shares issued and outstanding and, upon completion of the
+reverse split, will have 1,638,000 shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14935" NEWID="9414">
+<DATE>25-MAR-1987 12:28:40.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1633&#31;reute
+r f BC-BI-INC-&lt;BIAC>-SETS-RE   03-25 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BI INC &lt;BIAC> SETS REVERSE SPLIT</TITLE>
+<DATELINE>    BOULDER, Colo., March 25 - </DATELINE><BODY>BI Inc said it is implementing a
+one-for-15 reverse split to shareholders of record today.
+    It said any fractional shares will be redeemed for cash,
+reducing its free-trading stock in public hands to 1,300,000
+shares from 20 mln and its total shares outstanding to
+1,993,000 from 29.9 mln.
+    Shareholders approved the reverse split in October.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14936" NEWID="9415">
+<DATE>25-MAR-1987 12:30:53.72</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F V RM
+&#22;&#22;&#1;f1637&#31;reute
+b f BC-BALDRIGE-SAYS-JAPAN-M   03-25 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE SAYS JAPAN MUST OPEN ITS MARKETS</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+said the United States will not stand idly by and let Japan
+dominate the world electronics market.
+    Baldrige told the Senate Finance Committee the United
+States would insist Japan open its markets to U.S. products as
+the U.S. market is open to Japanese products.
+    Asked after his testimony if this meant the United States
+would close its markets to Japan if they did not open theirs,
+Baldrige said, "I'm not prepared to say that, but it certainly
+would be one of the alternatives studied."
+    Baldrige said in his testimony Japan had a closed
+supercomputer market and a restricted telecommunications
+market.
+    "I can only conclude that the common objective of the
+Japanese government and industry is to dominate the world
+electronics market. Given the importance of this market to U.S.
+industry in general and our defense base in particular, we
+cannot stand by idly," he said.
+    He said it was these concerns about national security which
+led him to express reservations over the proposed acquisition
+of Fairchild Semiconductor by Fujitsu of Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14937" NEWID="9416">
+<DATE>25-MAR-1987 12:31:53.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1642&#31;reute
+r f BC-K-MART-&lt;KM>-UNIT-BUYS   03-25 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART &lt;KM> UNIT BUYS TEXAS LAND</TITLE>
+<DATELINE>    DALLAS, March 25 - </DATELINE><BODY>K Mart Apparel Corp, a unit of K Mart
+Corp, said it purchased 35 acres 15 miles east of downtown
+Dallas from Baker Associates No. 2 Joint Venture.
+    Financial details were not disclosed.
+    K Mart said it will construct a 456,000-square-foot
+distribution center and 15,000 square feet of office space on
+the site.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14938" NEWID="9417">
+<DATE>25-MAR-1987 12:34:47.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1659&#31;reute
+u f BC-BASF-CORP-YEAR-NET   03-25 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASF CORP YEAR NET</TITLE>
+<DATELINE>    PARSIPPANY, N.J., March 25 -
+    </DATELINE><BODY>Net 105 mln dlrs vs 39 mln
+    Sales 3.6 billion vs 2.6 billion
+    NOTE: Wholly-owned by &lt;BASF AG> of West Germany.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14939" NEWID="9418">
+<DATE>25-MAR-1987 12:36:22.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>mose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1670&#31;reute
+r f BC-TORONTO-DOMINION-BUYI   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO DOMINION BUYING MONTREAL EXCHANGE SEAT</TITLE>
+<DATELINE>    MONTREAL, March 25 - </DATELINE><BODY>&lt;Toronto Dominion Bank> said it agreed
+to purchase a seat on the Montreal Stock Exchange for 40,000
+dlrs, subject to regulatory and exchange approval.
+    The move came two weeks after Toronto Dominion paid 195,000
+dlrs for a seat on the Toronto Stock Exchange, which made it
+the first bank to apply for membership on a Canadian exchange.
+The Toronto and Montreal exchanges are Canada's two biggest
+equity markets.
+    Proposed Canadian government legislation would allow banks
+full participation in the securities business after June 30.
+Toronto Dominion has owned a discount brokerage since 1984.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14940" NEWID="9419">
+<DATE>25-MAR-1987 12:36:25.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1671&#31;reute
+f f BC-******LEAR-SIEGLER-DE   03-25 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LEAR SIEGLER DEPOSITS 79.4 MLN DLRS TO SECURE NOTES, EFFECTS REORGANIZATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14941" NEWID="9420">
+<DATE>25-MAR-1987 12:36:58.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1673&#31;reute
+r f BC-J.A.M.-&lt;JAMY>-WINS-1.   03-25 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.A.M. &lt;JAMY> WINS 1.5 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>J.A.M. Inc said it won a 1.5 mln dlr
+contract to produce and develop a series of courses on computer
+and data processing systems for use by colleges and 
+businesses.
+    J.A.M. Executive Vice President Anthony Busch said he could
+not disclose the name of the firm that awarded J.A.M. the
+contract because of a confidentiality agreement. But he
+described it as a leading supplier of educational materials.
+    J.A.M., headquartered in Rochester, N.Y., develops 
+training programs and supplies video production services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14942" NEWID="9421">
+<DATE>25-MAR-1987 12:39:19.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1684&#31;reute
+r f BC-UNISYS-&lt;UIS>-NEW-MAIN   03-25 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNISYS &lt;UIS> NEW MAINFRAME INTRODUCTION NOT SET</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Unisys Corp vice chairman Joseph
+Kroger said the company's new series 1100 mainframe computer
+products will not be available for at least a year.
+    At a press conference introducing new products in the V500
+computer series, Kroger said Unisys's new Super 90 and Mercury
+computers will not be available until after March 1988. The
+products are being developed for addition to the 1100 series.
+    No specific time frame had been set for introduction of the
+Super 90, which will be based on the existing 1190 mainframe,
+or the Mercury, which will be a new computer, a Unisys
+spokesman said.
+    "There is a lot of pent-up customer demand for the
+products," Kroger told Reuters. But Unisys has not lost any
+customers currently using its 1190 mainframes because of the
+wait for the new products, he said.
+    At the press conference, Kroger said Unisys is not
+developing a one-megabit computer memory chip but will probably
+buy them when appropriate from Japanese suppliers.     In
+response to a question, Kroger indicated first quarter orders
+should be up from a year ago, with international business good
+and the U.S. market still "difficult."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14943" NEWID="9422">
+<DATE>25-MAR-1987 12:40:42.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1693&#31;reute
+s f BC-MONTANA-POWER-CO-&lt;MTP   03-25 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTANA POWER CO &lt;MTP> VOTES QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    BUTTE, MONT., March 25 -
+    </DATELINE><BODY>Qtly div 67 cts vs 67 cts prior qtr
+    Pay 30 April
+    Record 10 April
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14944" NEWID="9423">
+<DATE>25-MAR-1987 12:41:37.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1696&#31;reute
+u f BC-UAL-&lt;UAL>-SAID-TRUMP   03-25 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL &lt;UAL> SAID TRUMP TALKED WITH UAL CHAIRMAN</TITLE>
+<DATELINE>    New York, March 25 - </DATELINE><BODY>Real estate magnate Donald Trump told
+UAL Inc Chairman Richard Ferris that he was interested in UAL
+stock as an investment, according to a UAL executive.
+    Trump, who was unavailable for comment, is believed by
+market sources to have a sizeable position in UAL, which he
+began accumulating several weeks ago. UAL stock today was up
+three at 63 in active trading.
+    "They (ferris and Trump) talked last week. Apparently,
+Trump said he was interested in it as an investment. He didn't
+say how much stock he had. He didn't say what he would or
+wouldn't do about it," said UAL senior vice president Kurt
+Stocker.
+    Trump is believed to have close to five pct of UAL's stock,
+market sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14945" NEWID="9424">
+<DATE>25-MAR-1987 12:42:36.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1702&#31;reute
+r f BC-GROLIER-&lt;GLR>-DEBT-UP   03-25 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROLIER &lt;GLR> DEBT UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Moody's Investor Service Inc said it
+upgraded Grolier Inc's nearly 116 mln dlrs of debt.
+    Raised were the company's senior debentures raised to Ba-3
+from B-3 and convertible subordinated debentures to B-2 from
+B-3.
+    The rating agency cited an improvement in profitabiliy of
+Grolier's primary publishing businesses. Moody's said the
+company has lowered its financial leverage as well as its
+dependence on the retail sale of encyclopedias.
+    Grolier has also reduced its exposure to developing
+countries, Moody's noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14946" NEWID="9425">
+<DATE>25-MAR-1987 12:43:33.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1707&#31;reute
+d f BC-TEAM-INC-&lt;TMI>-3RD-QT   03-25 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEAM INC &lt;TMI> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    HOUSTON, March 25 -
+    </DATELINE><BODY>Shr profit five cts vs loss 18 cts
+    Net profit 91,000 vs loss 355,000
+    Revs 11.5 mln vs 11.7 mln
+    Nine mths
+    Shr profit six cts vs loss 1.45 dlrs
+    Net profit 127,000 vs loss 2,846,000
+    Revs 31.8 mln vs 34.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14947" NEWID="9426">
+<DATE>25-MAR-1987 12:43:36.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1708&#31;reute
+f f BC-******TODD-SHIPYARDS   03-25 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TODD SHIPYARDS CORP OMITS QTLY COMMON DIV, SETS PREFERRED PAYOUT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14948" NEWID="9427">
+<DATE>25-MAR-1987 12:43:43.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1709&#31;reute
+d f BC-RSI-CORP-&lt;RSIC>-2ND-Q   03-25 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RSI CORP &lt;RSIC> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    GREENVILLE, S.C., March 25 -
+    </DATELINE><BODY>Shr 33 cts vs 13 cts
+    Net 2,266,000 vs 849,000
+    Revs 24.1 mln vs 16.0 mln
+    1st half
+    Shr 61 cts vs 24 cts
+    Net 4,236,000 vs 1,619,000
+    Revs 47.4 mln vs 33.5 mln
+    NOTE: Share after stock splits.
+    Net includes discontinued operations loss four cts shr vs
+nil in quarter and loss seven cts vs gain one ct in half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14949" NEWID="9428">
+<DATE>25-MAR-1987 12:43:47.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1710&#31;reute
+d f BC-RCM-TECHNOLOGIES-INC   03-25 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RCM TECHNOLOGIES INC &lt;RCMT> 1ST QTR JAN 31 LOSS</TITLE>
+<DATELINE>    CAMDEN, N.J., March 25 -
+    </DATELINE><BODY>Shr loss one ct vs loss one ct
+    Net loss 89,844 vs loss 85,731
+    Revs 3,384,726 vs 4,646,285
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14950" NEWID="9429">
+<DATE>25-MAR-1987 12:43:53.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1711&#31;reute
+d f BC-MCCLAIN-INDUSTRIES-IN   03-25 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCCLAIN INDUSTRIES INC &lt;MCCL> 1ST QTR DEC 31 NET</TITLE>
+<DATELINE>    STERLING HEIGHS, Mich., March 25 -
+    </DATELINE><BODY>Shr 24 cts vs 13 cts
+    Net 380,325 vs 211,183
+    Sales 5,046,578 vs 3,941,764
+    NOTE: Current year net includes gain from sale of Sterling
+Heights, Mich., plant of 174,000 dlrs.  Another 698,000 dlrs of
+gain from sale sale has been treated as deferred income.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14951" NEWID="9430">
+<DATE>25-MAR-1987 12:45:25.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1712&#31;reute
+f f BC-******FED-OFFERS-TO-B   03-25 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED OFFERS TO BUY ONE BILLION DLRS OF BILLS FOR CUSTOMER, AFTER NOTE AUCTION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14952" NEWID="9431">
+<DATE>25-MAR-1987 12:45:57.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1715&#31;reute
+u f BC-SYNALLOY-&lt;SYO>-ENDS-P   03-25 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNALLOY &lt;SYO> ENDS PLANS TO SELL UNIT</TITLE>
+<DATELINE>    SPARTANBURG, S.C., March 25 - </DATELINE><BODY>Synalloy Corp said it has
+ended talks on the sale of its Blackman Uhler Chemical Division
+to Intex Products Inc because agreement could not be reached.
+    The company said it does not intend to seek another buyer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14953" NEWID="9432">
+<DATE>25-MAR-1987 12:46:05.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1716&#31;reute
+r f BC-C-I-L-ACQUIRING-TRIMA   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C-I-L ACQUIRING TRIMAC'S STAKE IN TRICIL</TITLE>
+<DATELINE>    TORONTO, March 25 - </DATELINE><BODY>&lt;C-I-L Inc> said it would exercise its
+right to acquire &lt;Trimac Ltd>'s stake in their jointly owned
+Tricil Ltd for 91 mln dlrs, with closing expected May 22.
+    C-I-L added that the final price could be less, however,
+depending on an Ontario court ruling resulting from a
+previously reported legal action launched by C-I-L.
+    Mississauga, Ontario-based Tricil is a waste management
+company with operations in the U.S. and Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14954" NEWID="9433">
+<DATE>25-MAR-1987 12:49:54.20</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1726&#31;reute
+r f BC-EC-INFLATION-STARTS-T   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC INFLATION STARTS TO RISE AGAIN IN FEBRUARY</TITLE>
+<DATELINE>    LUXEMBOURG, March 25 - </DATELINE><BODY>Inflation in the European Community,
+which fell to its lowest since the 1960s between November and
+January, started to take off again last month, figures from the
+EC statistics office Eurostat showed.
+    Consumer prices were on average three pct higher than in
+February 1986, the office said. This compared with a year on
+year rise of 2.7 pct in January, the lowest for 25 years, and
+was the highest figure since October.
+    Prices rose in February by 0.3 pct from January, after
+rises of 0.4 pct in January and of 0.2 pct in each of the last
+three months of 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14955" NEWID="9434">
+<DATE>25-MAR-1987 12:51:07.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1732&#31;reute
+d f BC-PANTERA'S-&lt;PANT>-TO-B   03-25 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANTERA'S &lt;PANT> TO BUY TEN PIZZA RESTAURANTS</TITLE>
+<DATELINE>    ST. LOUIS, MO., March 25 - </DATELINE><BODY>Pantera's Corp said it agreed to
+buy ten pizza restaurants in southeastern Colorado from
+creditors foreclosing on the facilities.
+    The purchase price includes 1.25 mln dlrs in cash and
+company stock, it said.
+    Separately, Pantera's said it issued an area development
+agreement with a franchisee group for northeastern Colorado,
+including the Denver area, for the opening of about 20
+franchised Pantera's pizza restaurants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14956" NEWID="9435">
+<DATE>25-MAR-1987 12:51:29.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1733&#31;reute
+f f BC-******ALLIED-SIGNAL-I   03-25 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALLIED-SIGNAL INC TO SELL LINOTYPE GROUP TO COMMERZBANK OF WEST GERMANY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14957" NEWID="9436">
+<DATE>25-MAR-1987 12:53:09.36</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f1739&#31;reute
+r f BC-ENERGY/U.S.-OIL-OUTPU   03-25 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY/U.S. OIL OUTPUT</TITLE>
+<AUTHOR>    By ROBERT TRAUTMAN, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Energy Secretary John Herrington has
+proposed several ways to boost U.S. oil production, but he said
+all would cost the Treasury money and will come under close
+White House scrutiny before action is taken.
+    One measure he said he favored would raise the depletion
+allowance to 27.5 pct on new oil and gas production as well as
+production using enhanced extraction methods.
+    Herrington said such a plan would cost 200 mln dlrs a year.
+The White House, reacting, said it did not favor amending the
+tax code, but would look at the proposal.
+    Herrington's proposals to spur production were made along
+with the release last week of the energy department's report on
+energy and the national security.
+    The report said U.S. oil imports, rapidly rising, could hit
+50 pct by the mid 1990s and have potentially damaging
+implications for national security.
+    He has said since in speeches and at news conferences that
+any plan he would back to spur lagging domestic oil production
+would have to meet three criteria--increase production, not
+cause economic dislocation, and be low cost to the taxpayer.
+    Herrington said an import fee would meet the first test,
+spurring production but fail the second and third.
+    He said it would raise production and return 120,000 oil 
+workers to their jobs, but at the same time it lifted oil
+prices, the higher prices would cost 400,000 jobs nationwide
+and cut the gross national product by 32 billion dlrs.
+    A tax on gasoline, he said, would fail the first criteria
+by not increasing domestic production.
+    In any case, U.S. officials say, President Reagan remains
+firmly opposed to an import fee and a gasoline tax.
+    Options which meet Herrington's criteria include:
+    - Loan-price guarantees to shield banks from defaults by
+borrowers because of lower oil prices. It was estimated that if
+oil fell to five dlrs a barrel it could trigger defaults that
+could cost the government an estimated 15 billion dlrs.
+    - A five pct tax credit for exploration and development. It
+would raise oil and gas production the equivalent of 325,000
+barrels a day, at a cost of 740 mln dlrs a year.
+    - A five pct credit only for geological and geophysical
+expenditures. It would increase production by 80,000 barrels a
+day, at a cost of 65 mln dlrs.
+    - Lower bid minimums on outer continental shelf acreage to
+spur exploration. A drop from the present 150 dlrs per acre for
+the typical 5,760 acre tract to 25 dlrs per acre would lower
+the cost of the standard tract lease to 144,000 dlrs.
+    Herrington also pressed anew for existing Administration
+proposals to deregulate natural gas, which he said would cut
+the need for imported oil by 300,000 barrels daily.
+    He also called again for Congressional approval to explore
+off the continental shelf, which may hold more than 12 billion
+barrels of oil, and the Arctic National Wildlife Refuge, which
+may hold nine billion barrels.
+    Herrington said he understood the Reagan's reluctance to 
+amend the newly enacted tax code to fund some of these
+proposals, but added he hoped his department's energy/security
+study would make a strong case for the need to help the
+struggling domestic oil industry.
+    Another move Herrington said he will press anew, even
+though it had been rejected earlier by the White House, is to
+raise the fill-rate for the Strategic Petroleum Reserve to
+100,000 barrels a day from its planned 1988 rate of 35,000.
+    This, he said, would further bolster national security in
+case of an oil-supply disruption.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15000" NEWID="9437">
+<DATE>25-MAR-1987 12:53:59.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1741&#31;reute
+u f BC-TODD-SHIPYARDS-&lt;TOD>   03-25 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TODD SHIPYARDS &lt;TOD> OMITS COMMMON DIVIDEND</TITLE>
+<DATELINE>    JERSEY CITY, N.J., March 25 - </DATELINE><BODY>Todd Shipyards Corp said it
+omitted payment of the quarterly dividend on its common stock
+and lowered the dividend on its series A preferred stock to 75
+cts from 77 cts a share.
+    Todd said the 75 ct preferred dividend will be paid May one
+to shareholders of record April 15.
+    The company said it omitted the common dividend to cover
+both losses from a commercial ship conversion contract and
+increased reserves for previously announced discontinued
+shipyard operations.
+    In addition, the company said its lenders agreed to
+temporarily reduce the net worth requirement of its revolving
+credit and term-loan pact to 140 mln dlrs from 130 mln.
+    The reduction will hold through May 15, it said.
+    Todd said the reduction in the net worth requirement
+allowed for the payment of the preferred dividend and prevented
+it from violating covenants of its credit agreement.
+    The company said it is also negotiating with its lenders to
+extend the reduced net worth terms beyond May 15.
+    Todd added that it has suffered financially because of the
+U.S. Navy's unwillingness to release certain retentions under
+completed ship construction contracts and a general decrease in
+U.S. military spending.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14958" NEWID="9438">
+<DATE>25-MAR-1987 12:56:27.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1751&#31;reute
+r f BC-IMO-DELAVAL-&lt;IMD>-SET   03-25 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMO DELAVAL &lt;IMD> SETS INITIAL DIVIDEND</TITLE>
+<DATELINE>    LAWRENCEVILLE, N.J., March 25 - </DATELINE><BODY>Imo Delaval said its board
+declared an initial quarterly dividend of 14 cts per share,
+payable April 24 to holders of record on April 6.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14959" NEWID="9439">
+<DATE>25-MAR-1987 12:58:32.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1753&#31;reute
+b f BC-/-FED-TO-PURCHASE-TRE   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED TO PURCHASE TREASURY BILLS FOR A CUSTOMER</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>The Federal Reserve will purchase
+approximately one billion dlrs of U.S. Treasury bills for a
+customer after the Treasury's auction of four-year notes, a Fed
+spokesman said.
+    The spokesman said the Fed intends to purchase bills
+maturing in up to six months.
+    Dealers said Federal funds were trading at 6-3/16 pct when
+the Fed announced the operation. Many had expected to Fed to
+buy bills for itself, thereby adding permanent reserves to the
+banking system. Since it did not do so today, this Fed move is
+likely tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15007" NEWID="9440">
+<DATE>25-MAR-1987 12:59:13.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1757&#31;reute
+u f BC-GOULD-&lt;GLD>-INTRODUCE   03-25 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOULD &lt;GLD> INTRODUCES NEW MINI SUPERCOMPUTERS</TITLE>
+<DATELINE>    CHICAGO, March 25 - </DATELINE><BODY>Gould Inc said it is introducing a new
+generation of very high performance mini supercomputers for
+intensive engineering applications.
+    Called the NPL, the mini supercomputers use Gould's UTX/32
+operating system, which is a compatible multi-processor
+extension of the UNIX operating system consisting of complete
+AT and T System V and Berkeley BSD 4.3 environments, company
+officials said at a teleconference.
+    "The introduction of the NPL family of mini supercomputers,
+is by far Gould's most significant computer line developed to
+date," chairman James McDonald said.
+    Patrick Rickard, computer systems president, said that he
+expects sales of NPL family computers to account for 20 pct of
+the division's revenues for the first year after its
+introduction, and increase to 80 pct of revenues in five years.
+    Computer operations accounted for one third or about 300
+mln dlrs of Gould's total revenues for 1986 of 908.8 mln dlrs,
+a company spokesman said.
+    The NP1, the first series of the new family, uses an open
+systems architecture, including parallel and high speed vector
+processing and "massive" memory to achieve its supercomputing
+capability, Gould officers said.
+    The NP1 family will form the foundation for new systems
+which are expected to be brought to market through the 1990s,
+McDonald said.
+    The computers are expected to have applications in science
+and engineering, in aerospace and defense and extend into other
+areas such as medical sciences, Rick Baron, senior director of
+marketing development said.
+    Gould said it priced and packaged the NP1 at a cost which
+will provide the power and advantages of a traditional
+supercomputer at a fraction of the cost.
+    The NP1 product line includes several models priced from
+395,000 dlrs to 2.9 mln dlrs, Gould officials said adding that
+the company has already signed orders for eight NP1 systems.
+    The low-end NP1 models will be available in the 1987 third
+quarter and the high-end will be available in the 1988 first
+quarter, they said.
+    According to Gould officials, the NP1 cost 50 mln dlrs to
+develop and the company plans to spend between 100 to 150 mln
+to develop the rest of the family line. Between now and 1995,
+the company expects to ship two to three billion dlrs of NP1
+mini supercomputers.
+    Offering up to 96 mln Whetstone instructions per second and
+320 mln floating point operations per second, the largest of
+the new systems, Model 480, incorporates up to four billion
+bytes of physical memory, they said.
+    The NP1 family has connectability but not compatability
+with IBM and Xerox computers, a company spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14960" NEWID="9441">
+<DATE>25-MAR-1987 13:04:25.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1777&#31;reute
+u f BC-NATIONAL-COMPUTER-SYS   03-25 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL COMPUTER SYSTEMS INC &lt;NLCS>4TH QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 25 - 
+    </DATELINE><BODY>Shr 25 cts vs 31 cts
+    Net 4,798,000 vs 5,380,000
+    Revs 65.3 mln vs 58.2 mln 
+    Avg shrs 19.2 mln vs 17.5 mln
+    Year
+    Shr 84 cts vs 89 cts
+    Net 15,750,000 vs 15,191,000
+    Revs 262.1 mln vs 215.8 mln
+    Avg shrs 18.8 mln vs 17.1 mln
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14961" NEWID="9442">
+<DATE>25-MAR-1987 13:04:57.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1781&#31;reute
+r f BC-SEC-SANCTIONS-ACCOUNT   03-25 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC SANCTIONS ACCOUNTANTS KMG MAIN HURDMAN</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The Securities and Exchange
+Commission sanctioned the national accounting firm KMG Main
+Hurdman for improper professional conduct.
+    It said the New York firm consented to the entry of the
+commission's order without admitting or denying the finding.
+    The proceedings arose from a 1982 audit of the financial
+statement of the First National Bank of Midland, Texas, and
+1983 and 1984 audits of financial statements of Time Energy
+Systems, Inc, Houston.
+    Midland was declared insolvent in 1983.
+    The SEC ordered that any new review of Main Hurdman
+procedures to include the adequacy of consultations between the
+firm's main office and its local offices and the implementation
+of the firm's policies.
+    It said the Midland office conducted the Bank audit,
+although some senior partners in New York were consulted, and
+its Houston office conducted the Time Energy audits.
+    The SEC said also that Main Hurdman agreed that if it is
+acquired by a larger firm, its practices will be integrated
+into the combined firm, including training programs and quality
+control reviews.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14962" NEWID="9443">
+<DATE>25-MAR-1987 13:05:07.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1782&#31;reute
+r f BC-ALLIED-SIGNAL-&lt;ALD>-T   03-25 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL &lt;ALD> TO SELL LINOTYPE UNIT</TITLE>
+<DATELINE>    MORRIS TOWNSHIP, N.J., March 25 - </DATELINE><BODY>Allied-Signal Inc said it
+agreed to sell its Linotype Group unit to &lt;Commerzbank AG>
+of West Germany for an undisclosed amount.
+    Allied-Signal said Commerzbank is expected to offer shares
+of the unit to the public later this year.
+    The company said the agreement is subject to approval by
+the government and its shareholders.
+    The Linotype unit, based in Eschborn, West Germany, had
+revenues in 1986 of more than 200 mln dlrs, the company said.
+    The company said top management of Linotype plan to remain
+with the unit, which has operations in the United States, West
+Germany and the United Kingdom.
+    Allied-Signal announced in December that it planned to sell
+the Linotype unit as well as six other businesses in its
+electronics and instrumentation segment.
+    Linotype is a supplier of type and graphics composition
+systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14963" NEWID="9444">
+<DATE>25-MAR-1987 13:07:23.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1793&#31;reute
+d f BC-CONTINENTAL-HEALTH-AF   03-25 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL HEALTH AFFILIATES INC &lt;CTHL> 4TH QTR</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., March 25 -
+    </DATELINE><BODY>Shr 10 cts vs five cts
+    Net 512,000 vs 230,000
+    Revs 16.8 mln vs 9,025,000
+    Year
+    Shr 55 cts vs 34 cts
+    Net 2,662,000 vs 1,541,000
+    Revs 57.5 mln vs 32.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14964" NEWID="9445">
+<DATE>25-MAR-1987 13:07:57.86</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f1795&#31;reute
+r f BC-canada-sets-oil   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA SETS OIL INDUSTRY AID PACKAGE</TITLE>
+<DATELINE>    EDMONTON, Alberta, March 25 - </DATELINE><BODY>Canada's federal government
+will provide a 350 mln dlr oil industry aid package that
+includes cash incentives designed to cover one-third of a
+company's oil and gas exploration and development costs, Energy
+Minister Marcel Masse announced.
+    The aid program will inject about 350 mln dlrs a year into
+the oil and gas industry and could lead to more than one
+billion dlrs in new investment, Masse told a news conference.
+    The program will affect drilling done anywhere in Canada on
+or after April 1, 1987.
+    Masse told reporters that the government's oil industry aid
+package is aimed at small and medium sized companies.
+    The aid package, called the Canadian Exploration and
+Development Incentive Program, will restrict the total payments
+that any individual company can claim to 10 mln dlrs a year.
+    Masse said the program will probably generate new
+employment equivalent to 20,000 people working for a year.
+    He said oil industry aid is needed because exploration and
+development spending dropped by at least 50 pct since world oil
+prices fell during the first half of 1986.
+    Energy Minister Masse said the federal government decided
+to provide cash incentives so a large number of non-tax paying
+companies, mainly small Canadian firms, will receive the full
+value of the incentive. Such companies would not immediately
+benefit from tax benefits, he said.
+    The federal government also wanted to deliver an aid
+program outside the tax system. Finance Minister Michael Wilson
+is now reviewing Canada's tax system and plans to announce tax
+reform proposals later this spring.
+    An important feature of the aid program is a decision to
+let companies issue flow-through shares, allowing investors to
+benefit from the subsidy rather than restricting benefits to
+only participating companies, he said.
+    Allowing flow-through shares under the program will make it
+easier for companies to attract investors in exploration and
+development, Masse said.
+    He told reporters his department is still considering
+whether to allow partnerships and other entities to qualify for
+the subsidy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14965" NEWID="9446">
+<DATE>25-MAR-1987 13:09:01.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1801&#31;reute
+r f BC-CONTINENTAL-&lt;CTHL>-RE   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL &lt;CTHL> REPURCHASES NOTES</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., March 25 - </DATELINE><BODY>Continental Health
+Affiliates Inc said it repurchased about 30 pct of its June
+1985 Swiss franc convertible bond offering at prices below par.
+    The company said it continues to hedge the balance and seek
+opportunities to repurchase below par an increasing percentage
+of the bond issue.
+    Continental said it operates and has under development
+1,943 nursing home beds and 404 residential health care beds.
+It said that by sustaining its growth momentum, these numbers
+could more than double by the end of the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14966" NEWID="9447">
+<DATE>25-MAR-1987 13:10:55.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1809&#31;reute
+r f BC-&lt;ATLANTIS-GROUP-INC>   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ATLANTIS GROUP INC> TO OFFER SHARES, NOTES</TITLE>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>Atlantis Group Inc said it has filed for
+an initial public offering of 1,500,000 common shares and a 50
+mln dlr offering of subordinated notes due 1997.
+    The company said Robinson-Humphrey Co Inc and Sutro and Co
+Inc will manage the share offering and American Express Co's
+&lt;AXP> Shearson Lehman Brothers Inc and Robinson-Humphrey the
+debt offering.  Proceeds will be used to reduce debt and seek
+acquisitions.
+    Atlantis is involved in plastics and furniture
+manufacturing and in property-casualty insurance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14967" NEWID="9448">
+<DATE>25-MAR-1987 13:14:42.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1816&#31;reute
+u f BC-MOUNTLEIGH-GROUP-SEEK   03-25 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOUNTLEIGH GROUP SEEKS 100 MLN STG FACILITY</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>&lt;Mountleigh Group Plc>, a U.K. Property
+company, is seeking a 100 mln stg multicurrency credit
+facility, Union Bank of Switzerland (London branch) said.
+    The revolving, evergreen facility will be completely
+underwritten and the borrower will be able to issue cash
+advances, sterling bankers acceptances and sterling commercial
+paper through a tender panel.
+    There will be a cap of 50 basis points over the London
+Interbank Offered Rate (Libor)on any drawings for advances and
+a 50 basis points commission on acceptances. There will be a
+facility fee of 3/16 pct.
+    Banks are being invited to join at 20 to 25 mln stg for
+12-1/2 basis points, at 10 to 15 mln stg for 10 basis points
+and at five to 7.5 mln stg for 7.5 basis points.
+    The facility, which can only be cancelled after
+underwriters provide 61 months notice to the borrower, will
+refinance some of Mountleigh's existing debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14968" NEWID="9449">
+<DATE>25-MAR-1987 13:15:01.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1817&#31;reute
+r f BC-SOUTHWEST-FOREST-&lt;SWF   03-25 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST FOREST &lt;SWF> SETTLES STRIKE</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 25 - </DATELINE><BODY>Southwest Forest Industries said
+union workers at its Snowflake, Ariz., pulp and paper mill
+ratified a new three-year contract, ending a strike that halted
+production at the facility on March 17.
+    The new contract with the United Paperworkers International
+and International Brotherhood of Electrical workers provides
+for a wage and benefit increase of about three pct over three
+years and increased employee contributions to health care
+premiums, Southwest said.
+    The mill, which has an annual capacity of some 282,000 tons
+of newsprint and 159,000 tons of linerboard, is scheduled to
+resume production on March 26, the company also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14969" NEWID="9450">
+<DATE>25-MAR-1987 13:15:19.86</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1818&#31;reute
+u f BC-COCOA-TALKS-ON-BUFFER   03-25 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA TALKS SLOW AT CRUCIAL STAGE - DELEGATES</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>International Cocoa Organization (ICCO)
+talks on buffer stock rules have slowed during a crucial phase
+of negotiations, delegates said, but they remained confident
+about prospects for reaching agreement by Friday.
+    Cocoa producers, European Community (EC) consumers and all
+consumers separately reviewed technical details of a buffer
+stock rules package distributed yesterday.
+    The buffer stock working group of consumers and producers
+was set to meet later today to debate the proposal jointly for
+the first time, they said.
+    Delegates said major sticking points were likely to be the
+amount of non-member cocoa allowed to be bought for the buffer
+stock, and the fixed price differentials at which different
+origin cocoas will be offered to the buffer stock manager.
+    Producers would prefer that non-member cocoa not be
+included in the buffer stock because, if it is, countries such
+as Malaysia benefit from the cocoa agreement without joining
+it, the delegates said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14970" NEWID="9451">
+<DATE>25-MAR-1987 13:16:05.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1821&#31;reute
+r f BC-MACK-TRUCKS-&lt;MACK>-DE   03-25 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACK TRUCKS &lt;MACK> DEBT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed Mack Trucks Inc's 40 mln dlrs of BB-plus senior debt.
+    The agency cited expectations that Mack's profitability
+will improve over the marginal levels of last year. S and P
+noted that extensive cost-cutting programs are under way at
+Mack, including the relocation of truck assembly operations to
+a new plant in South Carolina from Allentown, Pa.
+    S and P said that with an improved cost structure, Mack can
+compete more vigorously for market share without reverting to a
+loss position. In addition, cash flow from operations should
+benefit from planned working capital reductions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14971" NEWID="9452">
+<DATE>25-MAR-1987 13:20:00.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1827&#31;reute
+u f BC-EURATOM-ECU-BOND-MARK   03-25 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EURATOM ECU BOND MARKS ROME TREATY ANNIVERSARY</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Euratom is issuing a 145 mln ECU
+eurobond due April 24, 1997, paying 7-3/8 pct and priced at
+101-1/8 pct, lead manager Banque Paribas Capital Markets said.
+    The bond will be available in denominations of 1,000 and
+10,000 ECU and will be listed in Luxembourg.
+    Fees comprise 1-3/8 selling concession and 5/8 pct
+management and underwriting combined.
+    A Paribas official said Euratom had timed the issue to
+coincide with the 30th anniversary of the Treaty of Rome.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14972" NEWID="9453">
+<DATE>25-MAR-1987 13:24:53.16</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1841&#31;reute
+r f BC-NEWMONT-GOLD-&lt;NGC>-SE   03-25 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWMONT GOLD &lt;NGC> SEES GOLD SALES RISING</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Newmont Gold Corp expects gold sales
+in 1987 to rise about 22 pct to 577,000 ounces from 1986's
+474,000 ounces, the company said in its annual report.
+    Newmont Gold, 95 pct owned by Newmont Mining Corp &lt;NEM>,
+said it expects significant increases in gold sales in 1988 and
+1989 as well.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14973" NEWID="9454">
+<DATE>25-MAR-1987 13:26:07.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1843&#31;reute
+u f BC-MESSIDOR-TO-MERGE-WIT   03-25 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MESSIDOR TO MERGE WITH TRITON BELEGGINGEN</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Messidor Ltd said it signed a letter
+of intent to acquire 100 pct of the outstanding shares of
+Triton Beleggineng Nederland B.V., a European investment
+portfolio management company.
+    If approved, two mln shares of stock held by the Messidor
+Ltd officers and directors would be issued to Triton
+shareholders.
+    Triton will become a subsidiary of Messidor, it said.
+    If approved, the president of Triton, Hendrik Bokma, will
+be nominated as chairman of the combined company.
+    There are about 1.5 mln Messidor units issued to the public
+consisting of one share of common stock, four Class A common
+stock warrants, four class B common stock warrants and four
+class C common stock warrants.
+    In addition there are four mln restricted shares
+outstanding.
+    Messidor said the acquisition is expected to be completed
+by June three.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14974" NEWID="9455">
+<DATE>25-MAR-1987 13:26:34.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1844&#31;reute
+r f BC-IMMUNOGENETICS-&lt;IGEN>   03-25 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMMUNOGENETICS &lt;IGEN> TO ENTER LIPOSOME FIELD</TITLE>
+<DATELINE>    VINELAND, N.J., March 25 -  </DATELINE><BODY>ImmunoGenetics Inc said it has
+entered the liposome technology field through its majority
+owned subsidiary, Molecular Packaging Systems Inc.
+    Liposomes are small sacks of lipid, or fat, membranes
+arranged in layers like an onion. These sacks can carry a
+variety of agents that are released over a period of time into
+the body as the onion-like layers break down.
+    It said Molecular has developed a versatile low-cost method
+for encapsulating a broad range of health care and industrial
+products, including human hemoglobin which transports oxygen in
+the blood.
+    Immunogenetics also said Molecular's liposomes, called
+Micropak, can carry more than five times the amount of
+particles than conventional liposomes.
+    The company also said its technology for encapsulating
+hemoglobin may prove helpful in preventing the spread of
+hepatitis and the AIDS virus in blood transfusions as all
+viruses and foreign agents are moved during preparation of the
+hemogloblin.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14975" NEWID="9456">
+<DATE>25-MAR-1987 13:26:59.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1847&#31;reute
+b f BC-SMITH-BARNEY-ANALYST   03-25 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITH BARNEY ANALYST CUTS HERCULES &lt;HPC> RATING</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Smith Barney, Harris Upham and Co
+analyst James Wilbur removed Hercules Inc from the firm's
+recommended list, citing the firm's moves into the aerospace
+business, traders said.
+    Hercules fell 2-1/4 to 59-1/4 on 595,000 shares. Wilbur was
+not immediately available for comment.
+    Sources said Wilbur believes Hercules will be successful in
+its diversification, but he told clients the stock market is
+more receptive now to chemical companies than aerospace
+companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14976" NEWID="9457">
+<DATE>25-MAR-1987 13:27:47.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1852&#31;reute
+f f BC-******S/P-UPGRADES-CO   03-25 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P UPGRADES CONSUMERS POWER'S SENIOR AND SUBORDINATED DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14977" NEWID="9458">
+<DATE>25-MAR-1987 13:28:27.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1854&#31;reute
+u f BC-NAVISTAR-&lt;NAV>-SEES-H   03-25 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAVISTAR &lt;NAV> SEES HIGHER CAPITAL SPENDING</TITLE>
+<DATELINE>    CHICAGO, March 25 - </DATELINE><BODY>Navistar International Corp expects its
+fiscal 1987 capital spending to rise to 100 mln dlrs, up from
+74 mln dlrs a year ago, Chairman-elect James Cotting told
+reporters after the annual meeting.
+    Cotting said much of the spending will go toward
+modernization of the company''s painting operations at its
+Springfield, Ohio truck assembly plant. The balance will be
+used to increase productivity at its various facilities.
+    In answer to a question, Neil Springer, who on April 1
+becomes chairman of the company's new truck and engine holding
+company, Navistar International Transportation Corp, said the
+company's goal is to reduce costs 25 pct by 1990.
+    Noting that purchased material now accounts for 81 pct of
+its cost of production, Springer said Navistar intends to enter
+similar relationships to one it has with Dana Corp &lt;CDN>, in
+which the two companies are coordinating design, manufacture,
+distribution and service of components to cut costs.
+    Springer said because of overcapacity in some sectors,
+price discounting will continue to plague the truck
+manufacturing industry.
+    He said the heavy truck industry is operating at 65 pct of
+capacity, up 10 pct from a year ago with medium truck operating
+at 73 pct of capacity, about level with a year ago.
+    Springer said Navistar itself is operating at "over 70 pct
+of capacity" in heavy trucks and at more than 90 pct in medium
+trucks.
+    Asked when Navistar would begin making acquisitions,
+Springer said "We're ready now, but we have no specific
+timetable."
+    Earlier, at the annual meeting, stockholders gave a
+standing ovation to retiring Chairman Donald Lennox, who during
+an eight-year tenure was cited for redirecting the company
+toward profitability. Lennox told reporters he was assuming
+chairmanship of privately held Schlegel Corp, Rochester, N.Y.
+He said he hoped to take the 100-year-old manufacturer with 300
+mln dlrs in sales public within two years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14978" NEWID="9459">
+<DATE>25-MAR-1987 13:29:26.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1856&#31;reute
+d f BC-MOHAWK-DATA-&lt;MDS>-AFF   03-25 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOHAWK DATA &lt;MDS> AFFILIATE IN SERVICE DEAL</TITLE>
+<DATELINE>    HERKIMER, N.Y., March 25 - </DATELINE><BODY>Mohawk Data Sciences Corp's
+Momentum Technologies Inc affiliate said it has signed an
+agreement to provide support and service for all Fivestar
+Electronics Inc branded products nationwide.
+    Value was not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14979" NEWID="9460">
+<DATE>25-MAR-1987 13:31:39.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f1860&#31;reute
+b f BC-CONSUMERS-POWER-&lt;CMS>   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUMERS POWER &lt;CMS> DEBT RAISED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Standard and Poor's Corp said it
+raised Consumers Power's senior debt to BBB-minus from BB-plus
+and its subordinated debt to BB-plus from BB-minus.
+    The rating agency also affirmed Consumers Power's BB-minus
+preferred stock and B-rated preference stock. The utility has
+about 3.3 billion dlrs of debt outstanding.
+    S and P cited rate relief stabilization in 1985, bank debt
+restructuring and the implementation of cash conservation
+measures.
+    Plans to retire or refinance high-cost debt should improve
+the company's credit quality, S and P added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14980" NEWID="9461">
+<DATE>25-MAR-1987 13:32:00.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1863&#31;reute
+b f BC-encor   03-25 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ENCOR ENERGY CORP PLANS 125 MLN DLR DEBENTURE OFFER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14981" NEWID="9462">
+<DATE>25-MAR-1987 13:32:52.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1867&#31;reute
+r f BC-PACIFIC-GAS-&lt;PCG>-SEE   03-25 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC GAS &lt;PCG> SEEKS PURCHASE RULE CHANGE</TITLE>
+<DATELINE>    SAN FRANCISCO, March 25 - </DATELINE><BODY>Pacific Gas and Electric Co said
+it will ask the Federal Energy Regulatory Commission to change
+federal regulations requiring the utility to buy electricity
+from unregulated private producers.
+    Prices paid for this power under long term contracts signed
+before last year's fall in world oil prices now are more than
+twice as high as the actual value of the electricity, Pacific
+Gas said.
+    Under the 1978 Public Utility Regulatory Policies Act
+utilities are required to buy electricity from cogeneration
+facilities, which produce both steam and electricity.
+    Since 1980, Pacific Gas has signed power purchase
+agreements, required by the law, with long-term price
+guarantees for more than 8,480 megawatts of capacity from
+private producers, the company said.
+    About 1,870 MW of that capacity is already on line, and
+accounted for about eight pct of the company's total energy
+sales in 1986, Pacific Gas said.
+    The company said it will ask FERC to amend the rules
+requiring purchase of this power so that the price paid for the
+electricity reflects current market values, and that utilities
+be required to buy only electricity needed in the near term.
+    Contracts with cogeneration and other small power projects
+could cost Pacific Gas' consumers as much as 857 mln dlrs
+annually by 1990, the company said.
+    The 857 mln dlrs represents the difference between what
+Pacific Gas would pay for power from private producers and the
+cost to the company to produce the power on its own or buy it
+elsewhere, Pacific Gas said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14982" NEWID="9463">
+<DATE>25-MAR-1987 13:33:28.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1872&#31;reute
+f f BC-encorenergy   03-25 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ENCOR ENERGY CORP INC YR NET LOSS 406.6 MLN VS PROFIT 35.4 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14983" NEWID="9464">
+<DATE>25-MAR-1987 13:35:07.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1883&#31;reute
+r f BC-BRAZIL-PLANS-NEW-ECON   03-25 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL PLANS NEW ECONOMIC STRATEGY FOR GROWTH</TITLE>
+<DATELINE>    BRASILIA, March 25 - </DATELINE><BODY>Brazil is preparing a new economic
+strategy intended to protect domestic growth, Finance Ministry
+sources said.
+    A presidential spokesman said President Jose Sarney had
+authorised the government's economic team to prepare the new
+plan as soon as possible.
+    Finance Minister Dilson Funaro said last night the plan
+would reflect "an important battle to protect the country's
+development and keep it from recession."
+    Funaro, who helped lead the anti-inflation Cruzado Plan
+launched in February 1986, has come under increasing attack
+over the past few days following the resignation of Planning
+Minister Joao Sayad on March 17. Observers say the plan has
+failed to stabilise the country's economy.
+    Sayad submitted a new package calling for a 90-day prices
+and a wage freeze, but met opposition from Sarney and Funaro.
+    Foreign Ministry sources said the new strategy was being
+prepared by economists Persio Arida and Andre Lara Resende,
+both former Central Bank officials said to have played leading
+roles in the Cruzado Plan.
+   The new plan will define the terms on which Brazil will seek
+rescheduling of its 109 billion dlr foreign debt.
+    On February 20, Brazil suspended servicing of 70 billion
+dlrs of debt to private foreign banks.
+    Funaro said last night Brazil wants a rescheduling program
+spread over four years, and added that it had to include new
+loans to keep the domestic economy growing.
+    "In the past two years Brazil paid 24 billion dlrs in
+servicing of its foreign debt, while only getting two billion
+dlrs in new loans," Funaro said.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14984" NEWID="9465">
+<DATE>25-MAR-1987 13:35:16.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1884&#31;reute
+u f BC-MIDDLE-SOUTH-&lt;MSU>-TO   03-25 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDDLE SOUTH &lt;MSU> TO FORM NEW DIVIDEND POLICY</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Middle South Utilities Inc is taking a
+conversative approach to formulating a new common stock
+dividend policy, chairman Edwin Lupberger said.
+    He told securities analysts that when the company's common
+dividend is resumed, "the initial rate will appear conservative
+to you by industry standards and in relation MSU's net income
+and cash flow."
+    "Our progress will determine how soon we can reinstate a
+dividend to our common stockholders, he said."
+    The company last paid a common dividend of 44.5 cts a share
+in July 1985.
+    Lupberger told the analysts that the company's primary
+objective is "to create financial strength, enough strength so
+that what happened to us and our stockholders over the past
+couple of years never happens again."
+    The company has faced regulatory challenges to rates
+proposed to cover the cost of its Grand Gulf nuclear plant.
+    He said Middle South's net income is expected to post
+"modest growth" over the next three years.
+    In 1986, the company earned 451.3 mln dlrs or 2.21 dlrs a
+share on revenues of 3.49 billion dlrs.
+    Lupberger said, "A good portion of the improvement
+projected for the next three years comes from keeping the lid
+on operating and maintenance expenses."
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14985" NEWID="9466">
+<DATE>25-MAR-1987 13:35:52.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1886&#31;reute
+u f BC-UK-POLL-SHOWS-SURGE-F   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK POLL SHOWS SURGE FOR CENTRIST ALLIANCE PARTIES</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>A British voter opinion poll in
+tomorrow's Today newspaper shows a surge in support for the
+centrist Alliance grouping and a fall for both the ruling
+Conservatives and the Labour opposition party.
+    The Marplan poll gives the Conservatives 36 pct, the
+Liberal/Social Democratic Alliance 31 pct, and Labour 31 pct as
+well. A Marplan survey last month gave the Tories 38 pct, the
+Alliance 21 pct, and Labour 37 pct.
+    The latest poll would, if translated into an election
+result, produce a hung parliament, analysts said. That should
+dampen speculation of an early June election, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14986" NEWID="9467">
+<DATE>25-MAR-1987 13:36:48.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f1889&#31;reute
+r f BC-EMERSON-RADIO-&lt;EME>-S   03-25 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMERSON RADIO &lt;EME> SELLS DEBT PRIVATELY</TITLE>
+<DATELINE>    NORTH BERGERN, N.J., March 25 - </DATELINE><BODY>Emerson Radio Corp said it
+has sold 33 mln dlrs of 8-3/8 pct senior notes due 1997 to
+institutional investors.
+    The company said prepayment provisions will make the
+average life about seven years.  It said funds will be used to
+help finance growth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14987" NEWID="9468">
+<DATE>25-MAR-1987 13:37:52.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1891&#31;reute
+r f BC-SOLAR-SYSTEMS-SUN-DAN   03-25 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOLAR SYSTEMS SUN DANCE &lt;SSDN> EXTENDS WARRANTS</TITLE>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>Solar Systems by Sun Dance said its board
+has extended the date until which its 1986 warrants and
+redeemable warrants may be exercised at 50 cts each to April 30
+from March 31.
+    It said it plans no further extension.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14988" NEWID="9469">
+<DATE>25-MAR-1987 13:40:32.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1898&#31;reute
+f f BC-******TWA-SOLD-FOUR-M   03-25 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TWA SOLD FOUR MLN SHARES OF USAIR BELIEVED TO INSTITUTIONS, WALL STREET SOURCES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14989" NEWID="9470">
+<DATE>25-MAR-1987 13:41:36.38</DATE>
+<TOPICS><D>sugar</D><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1902&#31;reute
+d f BC-U.S.-SUGAR-POLICY-MAY   03-25 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUGAR POLICY MAY SELF-DESTRUCT, CONGRESSMAN</TITLE>
+<AUTHOR>    By Greg McCune, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>A leading U.S. farm-state
+Congressman, Jerry Huckaby, D-La., warned he will press next
+year for legislation to control domestic production of
+sweeteners, perhaps including corn sweeteners, if the industry
+fails to voluntarily halt output increases this year.
+    "We're moving toward a direction where we could
+self-destruct (the U.S. sugar program)," Rep. Huckaby, chairman
+of the House agriculture subcommittee dealing with sugar
+issues, told Reuters in an interview.
+    Huckaby, who told U.S. sugarbeet growers earlier this year
+they must halt production increases, said he will deliver the
+same message to Louisiana sugarcane growers Friday. He also
+said he will soon talk with corn refiners on the subject.
+    Huckaby said the campaign to urge a halt to domestic
+sweetener output increases is an effort to forestall further
+cuts in the sugar import quota, now at one mln short tons.
+    "I think if we're talking about dropping (the quota)
+another half mln tons, lets say, you're getting to the point
+where the program might not work," he said.
+    "Ideally, I'd like to freeze things right where we are,"
+said Huckaby, leading advocate for sugar growers in Congress.
+    A freeze would mean domestic sugar production at about the
+current level of 6.5 mln tons, the corn sweetener share of the
+U.S. market staying at just over 50 pct, and U.S sugar imports
+holding at about 1.2 mln tons, Huckaby said.
+    A decision on whether to seek legislation will not be made
+until 1987 output numbers are known late this year, he said.
+    "I feel like if we didn't expand production, we could
+probably hold where we are indefinitely, or at least through
+the 1985 farm bill without any changes (in the sugar program),"
+Huckaby said.
+    However, much depends on whether high-fructose corn syrup
+producers continue to expand their share of the U.S. sweetener
+market from just over 50 pct, Huckaby said.
+    He noted most estimates are that corn sweeteners will
+capture at most only another 10 pct of the sweetener market in
+the U.S.
+    But he said if there were an economic breakthrough in the
+production of a new crystalline corn sweetener which further
+expanded the corn sweetener share, then U.S. sugar imports
+might be eliminated and U.S. sugar output severely reduced.
+    Huckaby said he will deliver this message to corn refiner
+companies such as A.E. Staley and Archer Daniels Midland soon.
+    "This program is advantageous to the corn users. They have
+some natural, legitimate self-interest in seeing that the
+program is preserved," Huckaby said.
+    Huckaby said he has asked sugar industry representatives to
+think about how domestic output could be controlled, either
+through production allocations, acreage or marketing controls.
+    Huckaby also said he would be seeking guidance from the
+Justice Department to determine if it would be legal to ask
+corn refiners to limit production.
+    "I don't know if we will go this route, but if we do
+there's a question in my mind at this point in time; can you do
+that legally?" he said.
+    Asked if he would proceed with production controls without
+the support of corn refiners, Huckaby said "You build a fragile
+house if you do it that way."
+    Huckaby said he understands why U.S. cane and beet farmers
+have expanded production, because high sugar price support
+means returns from sugar are higher than competing crops such
+as soybeans and grain.
+    But he said for sugar growers as a whole, expansion would
+not be good policy.
+    Huckaby said he has tried to stress, in his speeches to
+sugar industry groups, that if growers continue to expand, they
+may be penalized retroactively under any production control
+legislation passed next year.
+    Huckaby said Congress is unlikely to approve any changes in
+the sugar program this year despite a Reagan administration
+proposal to drastically slash the program.
+    "The administration proposal is so drastic, that I don't
+think it will get up a head of steam," Huckaby said.
+    He said even a more moderate proposal to reduce sugar price
+support is unlikely to be approved.
+    Instead of seeking to slash the domestic sugar program,
+Huckaby said the Reagan administration should file a complaint
+with the General Agreement on Tariffs and Trade against the
+European Community's sugar policy. He said EC policies are the
+major cause of the depressed world sugar market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14990" NEWID="9471">
+<DATE>25-MAR-1987 13:42:51.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1908&#31;reute
+r f BC-FIAT-SAYS-IT-NOT-PLAN   03-25 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIAT SAYS IT NOT PLANNING TO ISSUE EUROBONDS</TITLE>
+<DATELINE>    Turin, Italy, March 25  - </DATELINE><BODY>Fiat Spa &lt;FIAT.MI> said it had no
+plans to issue Eurobonds linked to shares still held by banks
+after the placement of the 15 pct Libyan stake in Fiat last
+autumn, a company spokesman said.
+   "An eventual issue of bonds convertible into Fiat shares is
+not our responsibility," the spokesman told Reuters. "In case the
+operation should be finalized, the bonds would be issued by
+banks and not by Fiat, the spokesman said.
+    The spokesman was commenting on West German press reports
+that Fiat is considering a Eurobond issue of up to 384 mln
+dlrs, convertible or with warrants attached for exercise into
+its shares still held by the banks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14991" NEWID="9472">
+<DATE>25-MAR-1987 13:43:27.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1912&#31;reute
+u f BC-INVESTORS-INCREASE-ST   03-25 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS INCREASE STAKE IN FROST, SULLIVAN</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>One of a pair of private investors
+in Frost and Sullivan Inc told the Securities and Exchange
+Commission he increased his stake in the firm by about two pct,
+to 15.4 pct.
+    He is Theodore Cross, Princeton, N.J., editor of Business
+and Society Review.
+    The other investor is Mason Slaine, Cos Cob, Mass,
+president of Dealers' Digest Inc.  He holds a 3.3 pct stake.
+    Cross told the SEC he bought the new shares at between 7.75
+and 8.0 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14992" NEWID="9473">
+<DATE>25-MAR-1987 13:44:12.73</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>liberia</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1918&#31;reute
+d f BC-LIBERIAN-ORE-CARRIER   03-25 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBERIAN ORE CARRIER IN COLLISION IN RIVER ELBE</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>The Liberian motor bulk carrier, Trave
+Ore, 106,490 dwt, loaded with ore, and the 2,852 dwt West
+German motor vessel Christa, collided late last night on the
+River Elbe near buoy 129, Lloyds Shipping Intelligence said.
+    The Trave Ore proceeded by its own means to Hamburg. The
+Christa was taken in tow with a damaged bow.
+    The Liberian vessel was concluding a trip from Seven
+Islands to Hamburg.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14993" NEWID="9474">
+<DATE>25-MAR-1987 13:45:04.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f1924&#31;reute
+r f BC-AIM-TELEPHONES-&lt;AIMT>   03-25 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIM TELEPHONES &lt;AIMT> SELLS DEBT TO SHAREHOLDER</TITLE>
+<DATELINE>    FAIRFIELD, N.J., March 25 - </DATELINE><BODY>AIM Telephones Inc said it has
+sold three mln dlrs of nine pct seven-year subordinated notes
+to principal shareholder &lt;Quince Associates>.
+    The company said it has also issued Quince seven-year
+warrants to buy 500,000 common shares at six dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14994" NEWID="9475">
+<DATE>25-MAR-1987 13:45:33.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1927&#31;reute
+d f BC-HERSHEY-OIL-CORP-&lt;HSO   03-25 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERSHEY OIL CORP &lt;HSO> 4TH QTR LOSS</TITLE>
+<DATELINE>    PASADENA, Calif., March 25 -
+    </DATELINE><BODY>Shr loss 19 cts vs loss 2.37 dlrs
+    Net loss 1,140,000 vs loss 13,608,000
+    Revs 1,069,000 vs 1,940,000
+    Year
+    Shr loss 53 cts vs loss 2.34 dlrs
+    Net loss 3,012,000 vs loss 13,433,000
+    Revs 4,945,000 vs 6,705,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14995" NEWID="9476">
+<DATE>25-MAR-1987 13:45:40.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1928&#31;reute
+d f BC-&lt;VISTA-MANAGEMENT-INC   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;VISTA MANAGEMENT INC> GETS BOND GUARANTEES</TITLE>
+<DATELINE>    HIALEAH, Fla., March 25 - </DATELINE><BODY>Vista Managemement Inc said it
+has obtained notice of the availability of insurance guarantees
+on 60 mln dlrs of leasing receivable bonds of its CBS Leasing
+subsidiary from Developers Insurance Co, allowing the bonds to
+be rated by leading credit rating agencies.
+    The company said the guarantees are subject to the
+placement of over one mln dlrs of reinsurance and to a pending
+change of control of Developers Insurance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14996" NEWID="9477">
+<DATE>25-MAR-1987 13:45:52.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1930&#31;reute
+s f BC-EG-AND-G-INC-&lt;EGG>-SE   03-25 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EG AND G INC &lt;EGG> SETS QUARTERLY</TITLE>
+<DATELINE>    WELLESLEY, Mass., March 25 -
+    </DATELINE><BODY>Qtly div 14 cts vs 14 cts prior
+    Pay May Eight
+    Record April 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14997" NEWID="9478">
+<DATE>25-MAR-1987 13:46:09.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1931&#31;reute
+r f BC-&lt;ENCOR-ENERGY-CORP-IN   03-25 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ENCOR ENERGY CORP INC> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 25 - 
+    </DATELINE><BODY>Shr not given
+    Net loss 406.6 mln vs profit 35.4 mln
+    Revs 138.1 mln vs 211.9 mln
+    Note: 1986 net includes 545.7 mln dlr asset writedown
+before 139.2 mln dlr recovery of deferred taxes.
+    48 pct-owned by Dome Petroleum Ltd &lt;DMP>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14998" NEWID="9479">
+<DATE>25-MAR-1987 13:46:29.95</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f1932&#31;reute
+d f BC-BRAZILIAN-LABOUR-UNRE   03-25 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN LABOUR UNREST SPREADS, MANY BANKS SHUT</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SAO PAULO, March 25 - </DATELINE><BODY>Brazil's labour unrest is spreading,
+with many banks, universities and government statistical
+offices on strike and more pay disputes looming.
+    Bankworkers' leaders said that a national strike launched
+yesterday to press for a 100 pct immediate pay rise and monthly
+salary adjustments had the support of most of the 700,000
+workforce.
+    The strike today closed the stock exchanges of Sao Paulo
+and Rio de Janeiro.
+    For the government the one positive development on the
+labour front was the gradual return to work of the nation's
+40,000 seamen, who began a national strike on February 27.
+    A union spokesman in Rio de Janeiro told Reuters about half
+the seamen had returned to work after accords with 22 companies
+and that the strike looked close to an end.
+    Otherwise the labour scene looked bleak, with the bank
+strike posing the most serious problems for Brazil's
+crisis-laden economy.
+    "If this goes on for more than a few days it will have a
+serious effect because normal financial operations will grind
+to a halt," said a western diplomat in Sao Paulo.
+    Today Brazil's 50,000 university teachers in the 42 federal
+universities launched a national strike, with a broad political
+demand as well as a pay claim.
+    David Fleischer, head of the political science department
+in Brasilia university, told Reuters the National Association
+of Higher Education Teachers wanted a full congressional
+inquiry into what had happened to government education funds.
+    He said the universities were strapped for cash and that
+the association suspected the junior partner in the coalition
+government, the Liberal Front Party, PFL, of using education
+funds for projects which had helped their candidates in
+elections. The PFL holds the Education Ministry.
+    Hardly any sectors of the economy are proving immune to the
+current labour unrest, caused by the return of high inflation,
+officially pegged at 33 pct for January-February.
+    Other possible strikes looming include stoppages by oil
+industry workers and social security workers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14999" NEWID="9480">
+<DATE>25-MAR-1987 13:47:39.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1935&#31;reute
+r f BC-OAK-INDUSTRIES-&lt;OAK>   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OAK INDUSTRIES &lt;OAK> SETS DEBT EXCHANGE OFFER</TITLE>
+<DATELINE>    SAN DIEGO, Calif., March 25 - </DATELINE><BODY>Oak Industries said it will
+commence an exhcange offer for any or all of certain of its
+debentures and notes.
+    It said it is offering to exchange 660 shares of common
+stock for each 1,000-dlr principal amount of its 4,139,000 dlrs
+of outstanding 11-5/8 pct notes due September 15, 1990.
+    It will also exchange 698 shares of common for each
+1,000-dlr principal amount of 5,557,000 dlrs of outstanding
+13-1/2 pct senior notes due May 15, 1990 and 612 common shares
+for each 1000 dlrs of its 12,788,000 dlrs in 9-5/8 pct
+convertible notes due September 15, 1991.
+    The company said it is also offering 678 common shares for
+each 1,000 dlrs of its 753,000 dlrs of outstanding 11-7/8 pct
+subordinated debentures due May 15, 1998 and 595 common shares
+for each 1,000 dlrs principal amount of its 6,572,000 dlrs of
+10-1/2 pct convertible subordinated debentures due Feb 1, 2002.
+    Oak said it will not make any cash payments to the
+tendering holders.
+    It said the common stock amounts have taken into account
+accrued interest on the notes and debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15001" NEWID="9481">
+<DATE>25-MAR-1987 13:49:32.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1942&#31;reute
+r f BC-COLLINS-FOODS-&lt;CF>-TO   03-25 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLLINS FOODS &lt;CF> TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    LOS ANGELES, March 25 - </DATELINE><BODY>Collins Foods International Inc
+said that on April 30 it will redeem all of its outstanding 12
+pct subordinated debentures due December 15, 2008.
+    There are currently 30 mln dlrs principal amount of the
+debentures outstanding, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15002" NEWID="9482">
+<DATE>25-MAR-1987 13:49:40.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1943&#31;reute
+b f BC-ANDREOTTI-DROPS-COALI   03-25 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANDREOTTI DROPS COALITION BID</TITLE>
+<DATELINE>    ROME, March 25 - </DATELINE><BODY>Veteran politician Giulio Andreotti
+abandoned his attempts to form a government, putting Italy on
+course for early elections, political sources said.
+    Christian Democrat Andreotti told President Francesco
+Cossiga he was unable to reconstruct the five-party coalition
+after two weeks of negotiations, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15003" NEWID="9483">
+<DATE>25-MAR-1987 13:51:41.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1949&#31;reute
+d f BC-TEAM-&lt;TMI>-TO-UNVEIL   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEAM &lt;TMI> TO UNVEIL NEW EQUIPMENT IN MAY</TITLE>
+<DATELINE>    HOUSTON, March 25 - </DATELINE><BODY>Team Inc said it will introduce a line
+of repair products for electrical distribution and transmission
+equipment for the utility industry in May.
+    The new products include a transformer repair service which
+will seal oil leaks in transformers. Other products include a
+new licensed repair method of electrical porcelain, and a newly
+developed concrete repair service.
+    Team said it expects to continue to sell equipment and
+attempt to reduce losses to generate positive cash flow.
+Earlier, Team reported third quarter net income of 91,000 dlrs
+on sales of 11.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15004" NEWID="9484">
+<DATE>25-MAR-1987 13:52:46.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1955&#31;reute
+d f BC-&lt;ASTA-GROUP-INC>-UNIT   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ASTA GROUP INC> UNIT IN LOAN PURCHASE</TITLE>
+<DATELINE>    YONKERS, N.Y., March 25 - </DATELINE><BODY>Asta Group Inc said its 50 pct
+owned Liberty Service Corp affiliate has purchased about 50 mln
+dlrs face value of credit card installment receivables from a
+major financial institution it did not name for a significant
+discount from face value.
+    It said the portfolio consists mostly of charged off loans.
+    The company also said it expects to realize a profit of
+about 300,000 dlrs on its 25 pct interest in the Briarcliff
+Manor condominium project in New York, with about 140,000 dlrs
+of the profit being reflected in the year ending September 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15005" NEWID="9485">
+<DATE>25-MAR-1987 13:53:08.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM
+&#22;&#22;&#1;f1956&#31;reute
+u f BC-ENCOR-PLANS-125-MLN-D   03-25 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENCOR PLANS 125 MLN DLR DEBENTURE OFFERING</TITLE>
+<DATELINE>    CALGARY, Alberta, March 25 - </DATELINE><BODY>&lt;Encor Energy Corp Inc> said
+it planned an issue in Canada of 125 mln dlrs of 6.75 pct
+subordinated debentures, convertible any time into Encor common
+shares for a price of 10 dlrs a share.
+    Encor, 48 pct-owned by Dome Petroleum Ltd &lt;DMP>, said
+investment dealers McLeod Young Weir Ltd and Pemberton Houston
+Willoughby Bell Gouinlock Inc agreed to purchase the issue for
+resale to the public.
+    It said the debentures would pay interest semi-annually and
+be callable after five years at par plus accrued interest.
+    Encor earlier reported a 1986 net loss of 406.6 mln dlrs.
+    Encor last year earned 35.4 mln dlrs. The 1986 net loss
+included a 545.7 mln dlr asset writedown before a 139.2 mln dlr
+recovery of deferred taxes.
+    The company said 1986 results were seriously affected by
+lower oil and gas prices, but did not reflect its recent
+acquisition of &lt;Aberford Resources Ltd>.
+    It said that while oil prices had improved in early 1987,
+it would remain cautious and base capital spending on
+conservative price assumptions.
+    Encor will use proceeds from the debenture offer to retire
+bank debt incurred in the Aberford deal, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15006" NEWID="9486">
+<DATE>25-MAR-1987 13:53:17.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1957&#31;reute
+h f BC-ARDEN-INTERNATIONAL-&lt;   03-25 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARDEN INTERNATIONAL &lt;AIKI> 4TH QTR DEC 27 NET</TITLE>
+<DATELINE>    LARKVILLE, MINN., March 25 -
+    </DATELINE><BODY>Oper shr one ct vs two cts
+    Oper net 30,000 vs 62,000
+    Revs 2,315,000 vs 2,355,000
+    Year
+    Oper shr four cts vs nine cts
+    Oper net 95,000 vs 204,000
+    Revs 9,214,000 vs 9,950,000
+    Avg shrs 2,492,000 vs 2,351,000
+    NOTE: Full name is Arden International Kitchens Inc
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15008" NEWID="9487">
+<DATE>25-MAR-1987 13:54:13.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1959&#31;reute
+b f BC-TWA-&lt;TWA>-SELLS-POSIT   03-25 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> SELLS POSITION IN USAIR &lt;U></TITLE>
+<DATELINE>    New York, March 25 - </DATELINE><BODY>Trans World Airlines Inc sold four mln
+shares it held in USAir Group Inc, Wall Street sources said.
+The sources said the buyers are believed to be a group of
+institutions.
+    Bear Stearns handled the trade. It crossed the four mln
+shares at 45, off 1/8. Bear Stearns would not comment on buyers
+or sellers.
+    USAir and TWA had no immediate comment.
+    USAir later said it did not buy the stock. A company
+spokesman would not comment further.
+    TWA earlier this month reported holding slightly more than
+four mln shares, or about 15 pct of USAir. It had also proposed
+a takeover of USAir, which at the time was negotiating its
+proposed merger with Piedmont Aviation Inc.
+    On March 16, TWA withdrew its bid, saying it did not intend
+to seek control of USAir Group or to acquire more of its stock
+at the time.
+    TWA also said in the filing with the Securities and
+Exchange Commission that its chairman, Carl Icahn is the target
+of an SEC probe of alleged violations of securities laws.
+    In its filings with the SEC, TWA said it paid 178.2 mln
+dlrs for its USAir stock.
+    "With this out of the way, if it indeed was bought by
+institutions, it paves the way for better value for USAir stock
+later," said Janney Montgomery analyst Louis Marckesano of
+TWA's sale of its stock.
+    "Technically, as long as that block was overhanging the
+market you didn't know what was going to happen," he said.
+    USAir stock was trading at 44-3/8, off 3/4 on volume of 4.4
+mln shares. TWA stock rose one to 28-1/4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15009" NEWID="9488">
+<DATE>25-MAR-1987 13:55:38.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1961&#31;reute
+u f BC-COMBUSTION-ENGINEERIN   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMBUSTION ENGINEERING&lt;CSP> SEES 1ST QTR NET OFF</TITLE>
+<DATELINE>    STAMFORD, Conn., March 25 - </DATELINE><BODY>Combustion Engineering Inc said
+it expects first quarter earnings to be 20 to 25 pct below the
+year-ago 13.6 mln dlrs, mainly due to financing costs resulting
+from the January 1987 acquisition of AccuRay Corp.
+    The company said it has filed for an offering of four mln
+common shares and 150 mln dlrs of subordinated debentures due
+2017, with proceeds to be used to refinance the short-term bank
+debt incurred for the AccuRay acquisition, to finance other
+costs of the transaction and for general corporate purposes.
+    Combustion said 3,500,000 shares will be sold in the U.S.
+and the remainder overseas.
+    Combustion paid about 218 mln dlrs for AccuRay, a maker of
+computer-based measurement and control systems used in pulp and
+paper mills.
+    The company said it expects to release first quarter
+results in the third week in April.
+    Combustion said it expects further restructuring of core
+businesses -- particularly Lummus Crest -- this year through
+staff reductions downsizings and the consolidation of
+facilities.
+    Combustion said the restructuring at Lummus Crest is
+expected to substantially reduce but not eliminate this year
+losses in the Engineering and Construction segment.
+    But it said improvement at Lummus Crest is expected to be
+approximately offset by a number of factors, including a
+somewhat lower level of earnings in the Power Generation
+segment than in 1986, financing costs of the AccuRay
+acquisition, costs associated with integrating AccuRay
+technology and operations and delays in waste to energy
+projects.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15010" NEWID="9489">
+<DATE>25-MAR-1987 13:55:43.43</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1962&#31;reute
+u f BC-/NEWMONT-GOLD-SEES-IT   03-25 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWMONT GOLD SEES ITS SALES RISING 22 PCT</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Newmont Gold Corp expects gold sales
+in 1987 to rise about 22 pct to 577,000 ounces from 1986's
+474,000 ounces, the company said in its annual report.
+    Newmont Gold, 95 pct owned by Newmont Mining Corp, said it
+expects significant increases in gold sales in 1988 and 1989 as
+well.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15011" NEWID="9490">
+<DATE>25-MAR-1987 13:56:21.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1964&#31;reute
+u f BC-TALKING-POINT/TOBACCO   03-25 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/TOBACCO STOCKS</TITLE>
+<AUTHOR>    By Gary Seidman, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Stocks of tobacco companies rose
+sharply as investors grew more confident that an excise tax
+would not be imposed on tobacco, traders and analysts said.
+    They also said the stocks are relatively inexpensive since
+fear of the tax and of pending litigation regarding warning
+labels for tobacco products have kept many investors away
+recently.
+    Philip Morris Cos &lt;MO> rose 2-5/8 to 87-3/4, RJR Nabisco
+&lt;RJR> 1-1/4 to 57-1/2 and U.S. Tobacco &lt;UBO> 7/8 to 27.
+    "The near-term activity of these stocks has been dominated
+by external factors such as smoking restriction legislation,
+concern over liability suits and the possible imposition of
+excise taxes," Dean Witter analyst Lawrence Adelman said. "But
+the feeling is that many of those externals have been
+discounted in the price of the stocks."
+    Adelman, who issued a positive recommendation on Philip
+Morris earlier this week, said there have been indications that
+the Reagan Administration's staunch opposition to tax hikes
+would short-circuit attempts to tax tobacco.
+    "The tobaccos do have more risks than regular consumer
+stocks because of these external factors," Adelman said. "They
+are not for the weak-hearted, but they offer a lot of value for
+the aggressive investor."
+    In a market where everyone is looking for affordable
+stocks, trader Drew Schaefer of Kidder Peabody said, it is not
+hard to understand why the tobaccos, which have been depressed
+for a while in a positive market, are attracting buyers.
+    Adelman believes one of the better buys is Philip Morris.
+"It is a powerhouse of potential growth in earnings, dividends
+and free cash flow. And the stock is cheap now," he said.
+    Adelman expects Morris to earn eight dlrs a share this year
+compared to 6.20 dlrs a share earned a year ago. In 1988, the
+company should report a profit 10.30 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15012" NEWID="9491">
+<DATE>25-MAR-1987 13:58:04.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1973&#31;reute
+h f BC-ARDEN-INTERNATIONAL-&lt;   03-25 0074</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ARDEN INTERNATIONAL &lt;AIKI> =2 LARKVILLE
+    NOTE: 1985 period ended December 28
+    Earnings exclude losses from discontinued operations of
+30,000 dlrs, or one ct a share vs 71,000 dlrs, or three cts a
+share for the year
+    Earnings exclude gains from tax loss carryforwards of
+13,000 dlrs, or one ct a share vs 45,000 dlrs, or two cts a
+share in the quarter and 28,000 dlrs, or one ct a share vs
+105,000 dlrs, or four cts a share for the year
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15013" NEWID="9492">
+<DATE>25-MAR-1987 13:59:44.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1976&#31;reute
+h f BC-MICRO-DISPLAY-&lt;MDSI>   03-25 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRO DISPLAY &lt;MDSI> GETS EUROPEAN ORDERS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 25 - </DATELINE><BODY>Micro Display Systems Inc said it
+has written orders exceeding 1.5 mln dlrs in the European
+market for its full-page display computer monitor, The Genius.
+    The company first began direct marketing The Genius to
+Europe in mid-January.
+    It forecast that more than 700,000 dlrs of the orders will
+be shipped by the end of March, with the balance shipped within
+the next three months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15014" NEWID="9493">
+<DATE>25-MAR-1987 14:02:25.60</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1983&#31;reute
+f f BC-******TREASURY'S-BAKE   03-25 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS EXCHANGE RATE CHANGES WILL REDUCE TRADE DEFICIT THIS YEAR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15015" NEWID="9494">
+<DATE>25-MAR-1987 14:02:51.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1985&#31;reute
+f f BC-******TREASURY'S-BAKE   03-25 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS ECONOMIC COOPERATION PROCESS IS WORKING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15016" NEWID="9495">
+<DATE>25-MAR-1987 14:03:52.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1993&#31;reute
+f f BC-******TREASURY'S-BAKE   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS "THROWING MONEY" AT DEBTOR NATIONS WON'T WORK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15017" NEWID="9496">
+<DATE>25-MAR-1987 14:04:33.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1999&#31;reute
+r f BC-UTAH-POWER-&lt;UTP>-PLAN   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UTAH POWER &lt;UTP> PLANS TO REDEEM PREFERRED STOCK</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Utah Power and Light Co said it filed
+an application with the Idaho Public Utilities Commission to
+refinance preferred stock that was issued when interest rates
+were higher.
+    Subject to approval, the utility plans to sell nearly 95
+mln dlrs of first mortgage bonds in the second quarter to
+redeem all of its outstanding Series F, H and I preferred.
+    It will buy back the Series F at 26.61 dlrs per share,
+Series H at 27.03 dlrs and Series I at 27.32 dlrs, plus accrued
+dividends. Similar applications will be filed with the Utah and
+Wyoming public utility commissions, Utah Power said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15018" NEWID="9497">
+<DATE>25-MAR-1987 14:04:50.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2001&#31;reute
+h f BC-GATEWAY-SPORTING-BUYS   03-25 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATEWAY SPORTING BUYS INNOVATIVE DENTAL</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Gateway Sporting Goods Co said it
+acquired all of the shares of stock of Innovative Dental
+Services Inc for an undisclosed amount of cash.
+    Gateway said the acquired company has contracts with 102
+dentists in 144 locations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15019" NEWID="9498">
+<DATE>25-MAR-1987 14:08:08.50</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2008&#31;reute
+b f BC-TREASURY'S-BAKER-SEES   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SEES CUT IN TRADE DEFICIT</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Treasury Secretary James Baker said
+the administration is confident the effect of exchange rate
+changes will bring about a cut in the trade deficit this year.
+    In testimony before the Senate Committee on Governmental
+Affairs, Baker conceded that the effect thus far has "not yet
+proved as quick or as strong as had been expected from past
+experience."
+    He told the committee, however, that the "initial signs are
+encouraging."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15020" NEWID="9499">
+<DATE>25-MAR-1987 14:10:26.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2009&#31;reute
+f f BC-******CYCLOPS-CORP-RE   03-25 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CYCLOPS CORP REFORMS BOARD AFTER DIXONS GROUP FAILS TO GET MAJORITY OF CYCLOPS STOCK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15021" NEWID="9500">
+<DATE>25-MAR-1987 14:10:48.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2010&#31;reute
+d f BC-UK-TO-RETAIN-POWERS-A   03-25 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK TO RETAIN POWERS AGAINST U.S UNITARY TAXATION</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>Britain has decided to resist U.S.
+pressure and retain powers to withdraw tax credits from U.S.
+parent companies based in states which impose unitary taxes on
+the worldwide profits of foreign-owned firms, Treasury
+Financial Secretary Norman Lamont told Parliament.
+    But he added that the eventual use of those powers would
+not be backdated if activated before the end of 1988.
+    The U.K. Government has consistently opposed the use of
+unitary taxation of international business on grounds they are
+contrary to internationally accepted principles, laid down by
+the United Nations and the OECD, Treasury sources said.
+    In a written parliamentary answer, Lamont said "in the
+meantime, progress towards a final resolution of the unitary
+tax issues will be kept under careful review" by Britain.
+    "Should it be necessary to take action ... Before December
+31, 1988, it will not apply to dividends paid before the date
+of the announcement of such action. If it is necessary to take
+action thereafter, it will not apply to dividends on or before
+December 31, 1988," Lamont said.
+    The Reagan Administratian published draft legislation late
+in 1985 to limit states use of unitary taxation to the profits
+made inside the U.S., Known as the "water's edge" method.
+    In response to that draft legislation, Britain agreed to
+defer initiating action under its Finance Act 1985 - but only
+on the understanding that legislation to resolve the unitary
+tax issue would be made law and take effect from end-December
+1986.
+    Then the U.S. Administration said in September 1986 that it
+had decided not to pursue Federal legislation, in view of the
+passing of legislation in California.
+    Britain, however, considers the California legislation
+unsatisfactory, not least because U.K. Business will have to
+pay a fee for the right of not being assessed by the unitary
+tax method, government sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15022" NEWID="9501">
+<DATE>25-MAR-1987 14:11:30.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2011&#31;reute
+b f BC-TREASURY'S-BAKER-SAYS   03-25 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SAYS ECONOMIC COOPERATION WORKS</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Treasury Secretary James Baker said
+the meeting last month in Paris in which finance ministers
+agreed to keep the dollar at current levels showed that the
+economic cooperation process was working.
+    He said that at that meeting the surplus countries
+committed themselves to strengthening their growth prospects,
+while the deficit countries agreed to reduce their domestic
+imbalances.
+    For its part, he said the United States must press forward
+with reductions in the federal budget deficit and must continue
+to oppose protectionist pressures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15023" NEWID="9502">
+<DATE>25-MAR-1987 14:17:50.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2025&#31;reute
+d f BC-PAN-ATLANTIC-RE-INC-&lt;   03-25 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN ATLANTIC RE INC &lt;PNRE> 4TH QTR NET</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., March 25 -
+    </DATELINE><BODY>Oper shr 15 cts vs 1.07 dlrs
+    Oper net 372,000 vs 2,601,000
+    Year
+    Oper shr 80 cts vs 61 cts
+    Oper net 1,952,000 vs 1,491,000
+    NOTE: Net excludes realized investment loss 13,000 dlrs vs
+gain 986,000 dlrs in quarter and gains 1,047,000 dlrs vs
+1,152,000 dlrs in year.
+    1986 year net excludes tax credit 919,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15024" NEWID="9503">
+<DATE>25-MAR-1987 14:18:46.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2028&#31;reute
+s f BC-QUAKER-CHEMICAL-CORP   03-25 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUAKER CHEMICAL CORP &lt;QCHM> SETS QUARTERLY</TITLE>
+<DATELINE>    CONSHOHOCKEN, Pa., March 25 -
+    </DATELINE><BODY>Qtly div 12-1/2 cts vs 12-1/2 cts prior
+    Pay April 30
+    Record April 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15025" NEWID="9504">
+<DATE>25-MAR-1987 14:19:23.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2029&#31;reute
+r f BC-RAYTHEON-&lt;RTN>-DIRECT   03-25 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYTHEON &lt;RTN> DIRECTOR RESIGNS</TITLE>
+<DATELINE>    LEXINGTON, Mass., March 25 - </DATELINE><BODY>Raytheon Co said D. Brainerd
+Holmes, who retired as Raytheon president in May 1986, has
+resigned from the board effective April One.
+    The company said Ferdinand Colloredo-Mansfield, chairman of
+Cabot, Cabot and Forbes, will succeed Holmes on the board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15026" NEWID="9505">
+<DATE>25-MAR-1987 14:23:00.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2033&#31;reute
+r f BC-MIDDLE-SOUTH-&lt;MSU>-TO   03-25 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDDLE SOUTH &lt;MSU> TO CONSIDER DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Middle South Utilities Inc will not
+consider payment of a common stock dividend until there is
+another ruling on a Mississippi Supreme Court order rolling
+back rates at the company's Mississippi Power and Light Co
+subsidiary, chairman Edwin Lupberger said.
+    He told security analysts Middle South was close to
+recommending resumption of the common stock dividend when the
+Mississippi court ordered the rate rollback. Following the
+order, he noted, the unit cancelled a planned sale of preferred
+stock. Middle South has petitioned the court for a rehearing or
+a stay of the order while it is being appealed.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15027" NEWID="9506">
+<DATE>25-MAR-1987 14:23:46.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2034&#31;reute
+u f BC-MONARCH-CAPITAL-&lt;MON>   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONARCH CAPITAL &lt;MON> CALLS PREFERRED</TITLE>
+<DATELINE>    SPRINGFIELD, Mass., March 25 - </DATELINE><BODY>Monarch Capital corp said
+its board has called its convertible preferred stock for
+redemption on May Eight.
+    The company said shareholders may exchange the preferred
+shares for shares of new nonconvertible preferred stock with a
+dividend of five dlrs to 6.40 dlrs per share, convert them into
+common stock at a rate of 0.8 common share for each preferred
+share or allow the preferred to be redeemed for 46.51 dlrs per
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15028" NEWID="9507">
+<DATE>25-MAR-1987 14:24:28.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2036&#31;reute
+h f BC-CYANOTECH-&lt;CYAN>-SETS   03-25 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYANOTECH &lt;CYAN> SETS WAY TO EXTRACT CAROTENE</TITLE>
+<DATELINE>    WOODINVILLE, Wash., March 25 - </DATELINE><BODY>Cyanotech Corp said it has
+developed a new way to extract beta carotene from algae.
+    The company said the method reduces energy requirements by
+70 pct and produces 90 pct recovery.
+    The company has been a commercial producer of beta carotene
+since May, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15029" NEWID="9508">
+<DATE>25-MAR-1987 14:25:15.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2037&#31;reute
+r f BC-SAS-TO-UPGRADE-CABIN   03-25 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAS TO UPGRADE CABIN SERVICE IN SCANDINAVIA</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Scandinavian Airlines Systems, SAS,
+said it will improve cabin service for business class
+passengers on intra-Scandinavian routes starting next week.
+    The company also said it will simplify timetables on routes
+in Scandinavia, with many flights departing hourly.
+    SAS said it will upgrade meals and between meal
+refreshments and relegate the sale of tax-free candy and
+cosmetics to airport shops to give cabin attendants more time
+to devote to the enhanced service.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15030" NEWID="9509">
+<DATE>25-MAR-1987 14:25:31.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2039&#31;reute
+r f BC-BELGIUM-PLANS-TO-OUTL   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM PLANS TO OUTLAW INSIDER TRADING</TITLE>
+<DATELINE>    BRUSSELS, March 25 - </DATELINE><BODY>A Belgian finance ministry spokesman
+said new rules planned on insider trading would enable
+offenders to be fined and imprisoned for up to a year, and be
+compelled to forfeit gains.
+    The new rules require parliamentary approval, and
+government sources said it was unclear when they would come
+into force. Insider trading is currently not an offence in this
+country.
+    The cabinet approved a separate bill that analysts said
+includes provisions to make more difficult the build-up of
+major new stakes in Belgian companies.
+    The bill would make obligatory the declaration of major
+stakes in companies quoted on the bourse with own resources of
+more than 200 mln francs.
+    The Minister for Economic Affairs would need to be informed
+in advance of deals under which foreign interests planned to
+buy a new stake of more than ten pct of the voting shares in a
+large Belgian company, or to increase an existing stake to more
+than 20 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15031" NEWID="9510">
+<DATE>25-MAR-1987 14:25:48.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2041&#31;reute
+d f BC-OWENS-CORNING-FIBERGL   03-25 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OWENS-CORNING FIBERGLAS &lt;OCF> SELLS FOAM UNIT</TITLE>
+<DATELINE>    TOLEDO, Ohio, March 25 - </DATELINE><BODY>Owens-Corning Fiberglas Corp said
+it sold its controlling interest in its French foam insulation
+producing subsidiary to a Lafarege Corp &lt;LAF> subsidiary.
+    Owens-Corning said it sold its interest in Sentuc Porxpan
+SA for an undisclosed price.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15032" NEWID="9511">
+<DATE>25-MAR-1987 14:26:44.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2044&#31;reute
+b f BC-******U.S.-SHOE-INC-4   03-25 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SHOE INC 4TH QTR SHR 31 CTS VS 56 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15033" NEWID="9512">
+<DATE>25-MAR-1987 14:28:16.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2046&#31;reute
+u f AM-FRAUD   03-25 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TAX FRAUD CHARGES BROUGHT AGAINST THREE</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Three men were charged today with
+operating a large tax fraud scheme that provided more than 500
+mln dlrs in phony tax losses for many prominent people,
+including CBS Inc. &lt;CBS> president Laurence Tisch and his
+brother Preston, who is President Reagan's postmaster general.
+    The indictment was handed down by a federal grand jury to
+in New York.
+    The three indicted were named as Charles Atkins, William
+Hack and Ernest Grunebaum, all well-known promoters of tax
+shelters. Atkins was well-known as an organizer of tax shelters
+in the late 1970s and early 1980.
+    The indictment said that between 1978 and 1983, the
+defendants conspired to defraud the government by arranging
+"rigged and fraudulent" transactions in governmenmt securities
+and false tax deductions based on phony trading losses and
+interest expenses.
+    More than 350 mln dlrs in false deductions were passed on
+to partners in three tax shelters.
+    In addition, the defendants sold over 200 mln dlrs in phony
+trading losses and interest expenses to other entities and
+individuals to be used as tax deductions.
+    The indictment said that over 1.1 billion dlrs in trading
+losses and interest expenses were generated by the scheme but
+were off-set by "fictious gains."
+    Laurence Tisch was said by the indictment to have reported
+a net loss of 1.1 mln dlrs. His brother, Preston Tisch,
+reported a loss of 480,000 dlrs.
+    None of the three men's clients were charged with any
+criminal acts. But should the three be found guilty, their
+clients will be required to pay taxes they originally avoided
+through the tax shelter scheme, plus interest and possibly
+penalties. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15034" NEWID="9513">
+<DATE>25-MAR-1987 14:31:07.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2053&#31;reute
+r f BC-O'BRIEN-ENERGY-&lt;OBS>   03-25 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>O'BRIEN ENERGY &lt;OBS> IN CITICORP &lt;CCI> LEASE</TITLE>
+<DATELINE>    PHILADELPHIA, March 25 - </DATELINE><BODY>O'Brien Energy Systems Inc said it
+has signed a 12-year 12 mln dlr lease with Citicorp covering
+its wood gasification project in Quincy, Fla.
+    O'Brien said it retains rights to the residual value of the
+project and may participate in the development of additional
+electric generating facilities as part of a second phase of the
+project, which started operating January One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15035" NEWID="9514">
+<DATE>25-MAR-1987 14:31:28.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2055&#31;reute
+d f BC-QUAKER-CHEMICAL-&lt;QCHM   03-25 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUAKER CHEMICAL &lt;QCHM> TO REPURCHASE SHARES</TITLE>
+<DATELINE>    CONSHOHOCKEN, Pa., March 25 - </DATELINE><BODY>Quaker Chemical Corp said its
+board has authorized the repurchase from time to time of up to
+300,000 common shares.
+    Quaker now has about 6.6 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15036" NEWID="9515">
+<DATE>25-MAR-1987 14:32:58.44</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2060&#31;reute
+b f BC-TREASURY'S-BAKER-OUTL   03-25 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER OUTLINES TRADE BILL CRITICISMS</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Treasury Secretary James Baker said
+that some of the trade bills proposed by Congress conflict
+significantly with certain basic principles the Reagan
+administration considers critical.
+    Baker told a Senate committee that the administration would
+resist such measures as a general import surcharge,
+sector-specific protection such as import quotas for individual
+products, mandatory retaliation, and limits on presidential
+discretion in negotiating more open markets abroad and other
+trade steps.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15037" NEWID="9516">
+<DATE>25-MAR-1987 14:33:06.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2061&#31;reute
+u f BC-CORRECTION---LONDON--   03-25 0081</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - LONDON - CITIBANK LAUNCHES WARRANTS
+    In London item "Citibank Launches Currency Warrants" please
+read second paragraph as follows
+    "Each warrant, priced at 47.50 dlrs, gives the holder the
+right to purchase a nominal sum of 500 dlrs against marks at
+1.8250 marks to the dollar or at 149.50 yen to the dollar
+between March 31, 1987 and March 31, 1989."
+    (Corrects dollar/mark exchange rate to 1.8250 and makes
+clear that dollar purchase is against marks or yen.)
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15038" NEWID="9517">
+<DATE>25-MAR-1987 14:33:59.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2065&#31;reute
+u f BC-CASINO-COMMISSION-DEL   03-25 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASINO COMMISSION DELAYS VOTE ON HOLIDAY &lt;HIA></TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>The New Jersey Casino Control
+Commission said it will put off for one week a decision on
+whether to approve a 2.4 billion dollar recapitalization plan
+previously announced by Holiday Corp &lt;HIA>.
+    Holiday Corp is the licensee of Harrah's Marina Hotel and
+Casino in Atlantic City, N.J.
+    A spokeswoman for the commission said the commissioners
+felt they needed more time to review testimony taken at an
+all-day meeting Monday.
+    A decision had been expected at the group's regular weekly
+meeting today but the vote is now due April one.
+    The New Jersey Division of Gaming Enforcement last week
+completed a review of the Holiday recapitalization plan and
+listed 10 areas of concern.
+    The enforcement unit, which did not draw conclusions or
+make recommendations, said the Commission had to decide if the
+adoption of a leveraged financial structure will leave Holiday
+in a financially stable condition which is required by the New
+Jersey Casino control Act.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15055" NEWID="9518">
+<DATE>25-MAR-1987 14:36:52.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2072&#31;reute
+d f BC-WORTHERN-BANKING-&lt;WOR   03-25 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORTHERN BANKING &lt;WOR> IN AGREEMENT WITH FEDS</TITLE>
+<DATELINE>    LITTLE ROCK, Ark., March 25 - </DATELINE><BODY>Worthern Banking Corp said it
+entered into a formal written agreement with the Federal
+Reserve Bank of St. Louis.
+    The corporation said it will submit written plans and
+reports on a regular basis to the Reserve Bank on several
+matters, including current and future dividend policy for the
+corporation and its affiliates.
+    It also will inform the Reserve Bank about retaining an
+independent management corporation to appoint a chairman of its
+board, and it will first get approval from the Reserve Bank
+before it takes on any more debt.
+    In addition, Worthern said it will report on its
+maintenance of adequate capital at the corporation and its 
+affiliate banks, its strategic business plan for the remainder
+of 1987 and 1988, and its improvement in the corporation's and
+certain non-banking affiliates' position with respect to
+certain assets previously subject to adverse classification.
+    In addition, Worthern will provide the Federal Reserve Ban
+with quarterly progress reports specifying the actions taken to
+secure compliance with the agreement together with quarterly
+balance sheets and income statements.
+    Separately, Worthern said its results of oeperations for
+the year ended Dec 31, 1986, previously announced Jan 29, 1987,
+would be revised to reflect additional loan and lease loss
+reserves and loan charge-offs, resulting in additional losses
+for that period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15039" NEWID="9519">
+<DATE>25-MAR-1987 14:38:03.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2077&#31;reute
+r f BC-U.S.-SHOE-CORP-&lt;USR>   03-25 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SHOE CORP &lt;USR> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    CINCINNATI, March 25 -
+    </DATELINE><BODY>Shr 31 cts vs 56 cts
+    Net 13.7 mln vs 25.2 mln
+    Sales 610.9 mln vs 575.9 mln
+    Avg shrs 45.0 mln vs 44.8 mln
+    Year
+    Shr 57 cts vs 1.46 dlrs
+    Net 25.5 mln vs 64.9 mln
+    Sales 2.00 billion vs 1.92 billion
+    Avg shrs 45.0 mln vs 44.5 mln
+    NOTE: Current year net both periods includes gain five cts
+shr from sale of Just for Kids! and Giggletree mail order
+catalogs and charges of 10 cts shr from writedowns of assets
+related to the closing of linens and domestics stores and
+leased departments and of leased shoe departments.
+    Year net includes LIFO inventory charges six cts shr vs two
+cts shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15040" NEWID="9520">
+<DATE>25-MAR-1987 14:44:20.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2086&#31;reute
+d f BC-NUTMEG-INDUSTRIES-&lt;NU   03-25 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUTMEG INDUSTRIES &lt;NUTM> SETS LICENSING PACT</TITLE>
+<DATELINE>    TAMPA, Fla., March 25 - </DATELINE><BODY>Nutmeg Industries Inc said it
+signed an agreement in principle with (NBA Properties Inc)
+to make sportswear bearing the logos of National Basketball
+Association teams.
+    Under the three-year pact, the company's Nutmeg Mills Inc
+unit will design, manufacture and sell apparel for men, women
+and children bearing the colors, names and symbols of the 23
+basketball teams in the league.
+    Nutmeg signed similar pacts in February with (Major League
+Baseball Promotion Corp) and last week with (National Hockey
+League Service) to make sportswear with the logos of baseball
+and hockey teams.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15041" NEWID="9521">
+<DATE>25-MAR-1987 14:44:56.22</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D><D>sorghum</D><D>sunseed</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2089&#31;reute
+u f BC-ARGENTINE-SOYBEAN-198   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE SOYBEAN YIELD ESTIMATES DOWN FURTHER</TITLE>
+<AUTHOR>    By Manuel Villanueva, Reuters</AUTHOR>
+<DATELINE>    BUENOS AIRES, March 25 - </DATELINE><BODY>Argentine grain producers again
+reduced their estimates for the total yield of the 1986/87
+soybean crop, which will begin to be harvested in mid-April,
+trade sources said.
+    They said growers now forecast soybean production this
+season at between 7.5 and 7.8 mln tonnes, down from last week's
+estimate of 7.7 to eight mln tonnes and the 8.0 to 8.4 mln
+tonnes forecast in mid-February.
+    The new forecast is still higher than last season's record
+total production.
+    Private sources put 1985/86 production at a record 7.2 to
+7.3 mln tonnes -- 4.2 to 6.4 pct lower than the new forecast
+for the current crop. The official figure for 1985/86 is 7.1
+mln tonnes, 5.6 to 9.9 pct below this season's new estimates.
+    Growers in the past week discovered more empty soybean pods
+in the main producing areas of southern Cordoba and Santa Fe
+provinces and northern Buenos Aires.
+    The crop since January has been hit by high temperatures
+and inadequate rainfall. Growers fear they may find more empty
+pods and have to further reduce their forecasts of total yield.
+    The area sown to soybeans this season was a record 3.7 to
+3.8 mln hectares, 10.8 to 13.8 pct higher than the 1985/86
+record of 3.34 mln hectares.
+    The state of the crop continued to be good in general until
+last week but intense, heavy rains since could have caused
+damage in areas where rainfall was higher than 100 mm.
+    Where the rains were less heavy they were considered
+beneficial although too late to improve yield estimates.
+    The rains also benefitted maize and sorghum crops in
+southern Buenos Aires province but are not expected to
+influence production forecasts.
+    In other areas, especially western Buenos Aires, where
+rainfall was more than 200 mm, parts of the sunflower, maize
+and sorghum crops not yet harvested may have been damaged.
+    The coarse grain crop harvest was interrupted last week by
+rains which also reached over 100 mm in parts of Cordoba, La
+Pampa and Santa Fe and almost 90 mm in parts of Entre Rios.
+    The area sown with maize this season was between 3.58 and
+3.78 mln hectares, two to seven pct less than the 3.85 mln
+hectares in 1985/86.
+    The yield of 1986/87 maize continued to be forecast at
+between 9.9 and 10.1 mln tonnes.
+    This estimate is 19.8 to 20.2 pct lower than the 12.4 to
+12.6 mln tonnes at which private sources put 1985/86 production
+and 21.1 to 22.7 pct lower than the official 12.8 mln tonnes.
+    The sunflowerseed harvest has covered 23 to 26 pct of the
+area sown and continues in parts of central Buenos Aires
+although at a standstill elsewhere due to rain and floods.
+    A resumption of full harvesting and assessment of damage is
+impossible until rains stop and a spell of a week to 10 days of
+sunshine dries the fields.
+    The area sown this season was 2.0 to 2.2 mln hectares, down
+29.9 to 36.3 pct on last year's record 3.14 mln hectares.
+    Sunflowerseed 1986/87 production is still forecast at 2.3
+to 2.6 mln tonnes, 34.1 to 41.5 pct below the 1985/86 record of
+4.1 mln tonnes.
+    The grain sorghum harvest was the least affected by the
+rains, advancing steadily in Santa Fe and Cordoba and starting
+in La Pampa to cover 14 to 16 pct of the total area sown.
+    The area sown was 1.23 to 1.30 mln hectares, 10.3 to 15.2
+pct less than the 1.45 mln hectares the previous season.
+    Yield estimates remained at 3.2 to 3.5 mln tonnes, 16.7 to
+22 pct down on 1985/86 production of 4.1 to 4.2 mln tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15042" NEWID="9522">
+<DATE>25-MAR-1987 14:45:36.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2092&#31;reute
+d f BC-BETA-PHASE-&lt;BETA>-TO   03-25 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BETA PHASE &lt;BETA> TO SELL EYEGLASS TECHNOLOGY</TITLE>
+<DATELINE>    MENLO PARK, Calif., March 25 - </DATELINE><BODY>Beta Phase said it has
+agreed to sell its shape-memory eyeglass frame manufacturing
+technology and equipment to privately-held Universal Optical.
+    The company said Universal Optical will also purchase the
+existing Beta Phase inventory of raw materials, its work in
+progress and its manufacturing equipment and tooling.
+    Under the pact, Beta Phase will receive a 20 pct share of
+CVI/Beta Ventures, a joint venture owned by Beta Group and
+CooperVision Inc &lt;EYE>, which markets worldwide shape memory
+eyeglass frames. The venture will then be owned 54 pct by Beta
+Group, 26 pct by Coopervision and 20 pct by Beta Phase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15043" NEWID="9523">
+<DATE>25-MAR-1987 14:46:16.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2095&#31;reute
+u f BC-/LYNG-SAYS-AGRICULTUR   03-25 0144</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG SAYS AGRICULTURE SHOULD SHARE SPENDING CUTS</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said agriculture should share spending cuts under the
+Gramm-Rudman law and that this would ultimately help exports.
+    "There needs to be some reduction of some expenditures to at
+least get close to the Gramm-Rudman figure," he said.
+"Agriculture would not be independent from that."
+    He told a Virginia Farm Bureau lunch, "I don't think anyone
+believes we'll meet the 108 billion dlr target."
+    Lyng said if the federal deficit came down, this would help
+exports. "A failure to get the fiscal deficit under control is
+having a harmful effect on agricultural exports."
+    He added, however, that U.S. agricultural exports had
+increased under the Farm Security Act but so far had not
+recovered to what he called the successful levels of 1981.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15044" NEWID="9524">
+<DATE>25-MAR-1987 14:46:41.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2098&#31;reute
+b f BC-TREASURY'S-BAKER-SAYS   03-25 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SAYS NEW MONEY NOT PANACEA</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Treasury Secretary James Baker said
+that massive new lending to the debtor nations could actually
+increase their difficulties in the period ahead without
+protections.
+    In testimony before a Senate committee, Baker said that
+"throwing money at the debtor nations won't solve their
+problems."
+    He said it might seem like an easy solution to the debt
+problems and might appear a simple way to boost U.S. exports
+and growth in the debtor nations.
+    Baker told the committee that such an approach could "worsen
+their difficulties unless the new financing can be productively
+absorbed and is consistent with their ability to grow and
+service debt."
+    He said that the debt initiative that bears his name is a
+long-term approach and that further progress "will be gradual
+and will vary among nations, depending upon their own
+determination to implement growth-oriented reforms and the
+continued active support of the international community."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15045" NEWID="9525">
+<DATE>25-MAR-1987 14:49:57.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2115&#31;reute
+h f BC-VERTEX-INDUSTRIES-INC   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERTEX INDUSTRIES INC &lt;VETX> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    CLIFTON, N.J., March 25 -
+    </DATELINE><BODY>Oper shr loss three cts vs loss four cts
+    Oper loss 40,870 vs loss 39,827
+    Revs 584,855 vs 727,432
+    Six mths
+    Oper shr loss two cts vs loss two cts
+    Oper loss 24,311 vs loss 26,947
+    Revs 1,246,992 vs 1,497,251
+    NOTE: Current periods exclude net gain of 150,865 dlrs from
+termination of retirement plan for salaried employees. Also
+excludes gain of 83,100 dlrs from in current qtr and gain
+90,400 dlrs in six mths from benefit of tax loss carryforwards.
+    Company went public in September 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15046" NEWID="9526">
+<DATE>25-MAR-1987 14:53:35.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2122&#31;reute
+u f BC-CYCLOPS-&lt;CYL>-SAYS-DI   03-25 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYCLOPS &lt;CYL> SAYS DIXONS APPOINTEES RESIGN</TITLE>
+<DATELINE>    PITTSBURGH, Pa., March 25 - </DATELINE><BODY>Cyclops Corp said the three
+members of its board appointed last week by &lt;Dixons Group PLC>
+had resigned and that it named three Cyclops executives to
+replace them.
+    Cyclops said the moves followed the announcement earlier
+today by Dixons that it received only 20 pct of Cyclops
+outstanding common stock under an extended tender offer that
+expired yesterday.
+    Dixons initially ended its 90.25 dlr a share tender offer
+on March 17 after receiving 54 pct of Cyclops shares.
+    However, the Securities and Exchange Commission last Friday
+pressed Dixons to reopen the offer because the U.K.-based
+company had dropped a condition that at least 80 pct of Cyclops
+stock be tendered by the close of the offer.
+    Dixons then extended the offer until yesterday and earlier
+today indicated that a substantial number of tendered Cyclops
+shares had been withdrawn, leaving it with only 852,000 shares,
+or just over 20 pct of the roughly 4.26 mln Cyclops shares
+outstanding.
+    Dixons said today that it purchased the tendered shares,
+which, when combined with the shares it already holds, gives it
+a 21.7 pct stake in Cyclops.
+    Cyclops said its reconstituted board includes the three
+newly named directors and five outside directors, all of whom
+were on the board prior to Dixons tender offer.
+    The three Cyclops directors were replaced by Dixons
+appointees on March 17 under an agreement reached between the
+two companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15047" NEWID="9527">
+<DATE>25-MAR-1987 14:56:28.28</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D><D>ecuador</D><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2126&#31;reute
+u f BC-ecuador-negotiating-w   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR NEGOTIATES WITH NIGERIA FOR LENDING OIL</TITLE>
+<DATELINE>    QUITO, March 25 - </DATELINE><BODY>Earthquake-stricken Ecuador is
+negotiating with Nigeria to have the African country lend it
+10,000 barrels per day (bpd) of crude for export, Deputy Energy
+Minister Fernando Santos Alvite told Reuters.
+    He said Ecuador was negotiating a shipments schedule and
+the terms of repaying the loan. Ecuador has suspended crude
+exports for about five months until it repairs a pipeline
+ruputured by a March five tremor.
+    Santos Alvite added Ecuador is finalizing details for a
+program under which Venezuela would temporarily lend the
+country 50,000 bpd for export.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15048" NEWID="9528">
+<DATE>25-MAR-1987 14:58:07.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2130&#31;reute
+d f BC-COMPUTERVISION-&lt;CVN>   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTERVISION &lt;CVN> UNVEILS NEW DESIGN GEAR</TITLE>
+<DATELINE>    BEDFORD, Mass., March 25 - </DATELINE><BODY>Computervision Corp said it
+introduced additions to its CADDS 4X software line, a new
+CADDStation workstation and upgrade kits for existing
+CADDStation workstations.
+    The company said the new software products include
+Autoboard SMT, priced at 35,000 dlrs, which is a microchip
+version of its printed circuit board software.
+    The new CADDStation, based on Sun Microsystems Inc's &lt;SUNW>
+workstation technology, is a 32-bit system, available initially
+as a server, with a processing capacity of four mips, or
+million instructions per second.
+    The new CADDStation, Computervision said, is priced at
+90,400 dlrs.
+    The company said it is also offering kits to upgrade its
+2-mips CADDstation priced at 35,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15049" NEWID="9529">
+<DATE>25-MAR-1987 14:58:14.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2131&#31;reute
+d f BC-CORRECTION---LONDON--   03-25 0080</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - LONDON - CITIBANK LAUNCHES WARRANTS
+    In London item "Citibank Launches Currency Warrants" please
+read second paragraph as follows
+    "Each warrant, priced at 47.50 dlrs, gives the holder the
+right to purchase a nominal sum of 500 dlrs against marks at
+1.8250 marks to the dollar or at 149.50 yen to the dollar
+between March 31, 1987 and March 31, 1989."
+    (Corrects dollar/mark exchange rate to 1.8250 and makes
+clear that dollar purchase is against marks or yen.)
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15050" NEWID="9530">
+<DATE>25-MAR-1987 14:58:26.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2133&#31;reute
+s f BC-NORTHERN-STATES-POWER   03-25 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN STATES POWER CO &lt;NSP> VOTES QUARTERLY</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., March 25 -
+    </DATELINE><BODY>Qtly div 47-1/2 cts vs 47-1/2 cts prior qtr
+    Pay 20 April
+    Record 6 April
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15051" NEWID="9531">
+<DATE>25-MAR-1987 14:58:34.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2134&#31;reute
+s f BC-SUMMIT-TAX-EXEMPT-BON   03-25 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMMIT TAX EXEMPT BOND FUND &lt;SUA> SETS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 25 -
+    </DATELINE><BODY>Qtrly div 40 cts vs 40 cts prior
+    Pay  Aug  14, 1987
+    Record April One, 1987
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15052" NEWID="9532">
+<DATE>25-MAR-1987 15:00:17.00</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2137&#31;reute
+d f AM-TRADE-CANADA   03-25 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE TRADE LEADER CONCERNED ABOUT CANADA</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The chairman of the U.S. Senate
+committee with jurisdiction over trade said he was concerned
+about a resolution on bilateral trade negotiations adopted by
+the Canadian House of Commons last week.
+    The resolution supports negotiation of a bilateral trading
+agreement with the United States while protecting Canadian
+political sovereignty, social programs, agricultural marketing
+systems, the auto industry and Canada's cultural identity.
+    Senate Finance Committee chairman Lloyd Bentsen said the
+resolution may jeopardize the viability of the proposed free
+trade agreement between the two countries, which are each
+other's largest trading partners.
+    "We need a truly free trade agreement, which means both
+countries have to work toward a deal that is mutually
+beneficial and comprehensive, a large agreement," the Texas
+Democrat said in a statement.
+    "I do not question Canada's right to protect its political
+sovereignty or cultural identity. However, if these phrases
+mean the government of Canada means to take important economic
+issues off the table in these negotiations, I am deeply
+concerned," he added.
+    Bentsen said Canada restricts trade 15 different ways while
+the United States uses only six trade restriction methods. He
+said if Canada proposes an agreement where both countries get
+rid of six methods of trade restriction, it would not be fair
+and might not win Senate approval.
+    "I am deeply concerned that when the President visits Prime
+Minister (Brian) Mulroney next month, he will be presented with
+this kind of argument, and I hope he makes it clear -- as I did
+when I was in Canada -- that only a mutually beneficial
+agreement will be successful," Bentsen said.
+    Reagan and Mulroney are scheduled to meet April 5-6 in
+Ottawa.
+    Bentsen urged Mulroney to withdraw a proposal that would
+ban imports of independently produced films into Canada by
+non-Canadians, which the senator called a protectionist
+measure.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15053" NEWID="9533">
+<DATE>25-MAR-1987 15:05:39.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2157&#31;reute
+r f BC-TREASURY'S-BAKER-SAYS   03-25 0145</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SAYS NEW MONEY NOT DEBT PANACEA</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Treasury Secretary James Baker said
+massive new lending to debtor nations could actually increase
+their difficulties in the period ahead without protections.
+    In testimony before the Senate Committee on Governmental
+Affairs, Baker said, "throwing money at the debtor nations won't
+solve their problems."
+    Baker told the committee such an approach could "worsen
+their difficulties unless the new financing can be productively
+absorbed and is consistent with their ability to grow and
+service debt."
+    He said the debt initiative associated with his name is a
+long-term approach and further progress "will be gradual and
+will vary among nations, depending upon their own determination
+to implement growth-oriented reforms and on the continued
+active support of the international community."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15054" NEWID="9534">
+<DATE>25-MAR-1987 15:06:16.59</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2158&#31;reute
+f f BC-******BAKER-SAYS-U.S.   03-25 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BAKER SAYS U.S. WILLING TO COOPERATE TO STABILIZE EXCHANGE RATES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15056" NEWID="9535">
+<DATE>25-MAR-1987 15:12:38.17</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2177&#31;reute
+b f BC-/BAKER-SAYS-U.S.-WANT   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS U.S. WANTS TO STABILIZE EXCHANGE RATES</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Treasury Secretary James Baker said
+the United States and other nations were willing to cooperate
+to stabilize foreign exchange rates at the levels that existed
+at the time of an international agreement last month.
+    "Our position with respect to the dollar goes back to the
+Paris Agreement that the currencies were within ranges broadly
+consistent with underlying economic conditions," Baker told a
+Senate committee.
+    Baker continued, "We said further that we and others are
+willing to cooperate closely to foster stability in exchange
+rates around those levels."
+    He referred to a February agreement by six leading
+industrial nations to cooperate on monetary matters.
+    Baker refused to answer a question whether Japan and
+Germany had done enough to stimulate their domestic economies
+for the United States to support the dollar.
+    "I will not comment because the foreign exchange market
+reads more or less than is intended in my statements," Baker
+said.
+    Baker said that the other signatories recognized that they
+must carry their share of the load of correcting external
+imbalances that have hindered the world's economy.
+    He cited news reports that Germany would increase a
+proposed tax cut for 1988 by about five billion marks to
+stimulate domestic growth.
+    Japan also agreed to consider stimulative measures after
+the Japanese budget was made final.
+    Baker said those nations were stimulating their economies
+in a manner consistent with gains against inflation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15057" NEWID="9536">
+<DATE>25-MAR-1987 15:16:28.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2186&#31;reute
+d f AM-AIRLINES   03-25 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUSTICE, DOT BACK AIRLINE ANTITRUST SWITCH</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Strong competition remains in the
+airline industry despite a recent wave of mergers, a
+Transportation Department official said.
+    But Assistant Transportation Secretary Matthew Scocozza
+said at a Senate antitrust committee hearing he would not
+object to a transfer of the department's authority over airline
+mergers to the Justice Department.
+    Scocozza and Deputy Assistant Attorney General Roger
+Andewelt said both departments felt airlines should be judged
+under the same antitrust standards as all other industries.
+    The Transportation Department is due to lose its authority
+in 1989, but subcommittee chairman Howard Metzenbaum wants it
+shifted now because he feels the Department has approved too
+many airline mergers.
+    "Airline mergers have proceeded at a breakneck pace with
+barely a whimper being uttered by the Department of
+Transportation. Nine airlines control 94 per cent of the
+market," the Ohio Democrat said.
+    Metzenbaum said he was concerned about the effects the
+pending U.S.-Air-Piedmont Airlines merger would have on
+service, especially at Dayton, Ohio, a major Piedmont hub.
+    Scocozza said even with the recent mergers, such as Texas
+Air Corp's acquisition of Eastern Air Lines and People Express,
+more airlines were flying now in the United States than before
+the 1978 airline deregulation act.
+    "Airline deregulation has worked, is working, and, given
+the department's commitment to preserving a competitive
+environment, will continue to work," Scocozza said.
+    He said the department considers the effect each merger
+will have on competition over all the routes involved and will
+not approve a merger which will reduce competition.
+    Scocozza said most of the recent mergers involved airlines
+in financial difficulty being taken over by other carriers.
+     Andewelt said he was optimistic competition would increase
+as airlines expanded airport hubs and routes and believed the
+industry did not need special treatment under antitrust laws.
+    "It is time to treat the airline industry in precisely the
+same way as other U.S. industries; any differences are not
+significant for the purpose of merger analysis," Andewelt said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15058" NEWID="9537">
+<DATE>25-MAR-1987 15:17:12.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2190&#31;reute
+d f BC-U.S.-GOVERNMENT-EXPAN   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GOVERNMENT EXPANDS CRACKDOWN ON BAD DEBTS</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The administration is expanding its
+crackdown on bad debts, officials of the White House Office of
+Management and Budget (OMB) told reporters.
+    OMB Deputy Director Joseph Wright said the administration
+this year plans to turn over to private credit rating firms
+data on about 3.5 mln "deadbeats" who are seriously behind or in
+default in their payments on federal loans.
+    Next year, the government will turn over to private
+collection bureaus four billion dlrs in bad education loans and
+three billion dlrs in other bad government loans, Wright said.
+    The government is also considering letting individuals make
+payments on their student loans with credit cards, officials
+told reporters.
+    The Internal Revenue Service is already studying the use of
+credit cards to pay income taxes, but this usage would require
+a change in federal law while no congressional action would be
+needed for credit cards to be used for student loans, the
+officials said.
+    The officials disclosed these plans in releasing the third
+annual OMB report to Congress on management of the U.S.
+government.
+    The report details steps to be taken by the administration
+to increase federal efficiency and to continue President
+Reagan's highly publicized "war on waste, fraud and abuse."
+    According to the report, elinquent U.S. debt had soared to
+68.3 billion dlrs, or 18.8 pct of total receivables, by the end
+of the fiscal year that ended last Sept. 30. At the end of
+fiscal 1981, when Reagan took office, bad debt stood at 29.8
+billion dlrs or 12.3 pct of total debt.
+    But OMB officials said other Reagan administration efforts
+had already saved taxpayers 84 billion dlrs and would save
+another 25 billion dlrs or so by the time Reagan left office.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15059" NEWID="9538">
+<DATE>25-MAR-1987 15:18:16.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2197&#31;reute
+r f BC-FIRST-FEDERAL-DELAWAR   03-25 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL DELAWARE AGREEMENT EXTENDED</TITLE>
+<DATELINE>    WILMINGTON, Del., March 25 - </DATELINE><BODY>&lt;First Federal Savings Bank>
+of Delaware said its agreement to negotiate exclusively for its
+sale with &lt;Oxford Financial Group> has been extended until
+April 8 from March 18.
+    The company said it is in the final stages of talks with
+Oxford over the terms of the proposed acquisition.  Under a
+nonbinding letter of intent signed in June 1986, Oxford would
+pay 11 dlrs per First Federal share, subject to First Federal
+shareholder approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15060" NEWID="9539">
+<DATE>25-MAR-1987 15:18:47.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2200&#31;reute
+b f BC-EDELMAN-GROUP-IN-PLAN   03-25 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDELMAN GROUP IN PLAN TO BUY MORSE SHOE &lt;MRS></TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>A group led by New York investor
+Asher Edelman said Morse Shoe Inc agreed to provide it
+confidential company information and that his group would make
+an offer to buy Morse only in a friendly, negotiated deal.
+    The group also said in a filing with the Securities and
+Exchange Commission that its members would not, without Morse
+approval, buy or offer to buy any company securities giving the
+group a 10 pct or more stake in the company.
+    Edelman and his group said his terms held until the earlier
+of 90 days from March 3 or the date on which Morse announces a
+definite agreement for its sale.
+    At the same time, the Edelman group said it cut its stake
+in Morse to 8.4 pct from 9.7 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15061" NEWID="9540">
+<DATE>25-MAR-1987 15:19:27.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2205&#31;reute
+r f BC-PHILIP-MORRIS'-&lt;MO>-O   03-25 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIP MORRIS' &lt;MO> OSCAR MAYER SETS REDEMPTION</TITLE>
+<DATELINE>    MADISON, WIS., March 25 - </DATELINE><BODY>Oscar Mayer and Co Inc, a unit of
+Philip Morris Cos Inc, said it will redeem all of its
+outstanding 7.85 pct debentures due January 15, 1996 on April
+30, 1987, at 1,014.50 dlrs plus accrued interest for each 1,000
+dlrs prinicpal amount.
+    A notice of redemption will be mailed to noteholders March
+27, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15062" NEWID="9541">
+<DATE>25-MAR-1987 15:19:37.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2206&#31;reute
+r f BC-U.S--AUTO-AGENCY-GRAN   03-25 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S  AUTO AGENCY GRANTS FORD &lt;F> AIR BAG REQUEST</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The National Highway Transportation
+Safety Administration said it granted a request by Ford Motor
+Co to delay for four years until 1994 a requirement that air
+bags or other passive restraint systems be installed on the
+passenger side of the front seat of all new autombiles.
+    Under the decision announced today by Transportation
+Secretary Elizabeth Dole, automakers will be required to meet
+federal passive restraint requirements only on the driver's
+side. "The action we are taking today will result in the
+installation of more air bags, sooner than would have occurred
+without this rule," Dole said.
+    Under the ruling announced today, 10 pct of model year 1987
+cars must have automatic seat belts or air bags on the driver's
+side. For the 1988 model year, 25 pct must have passive
+restraints, and for 1989, 40 pct must be so equipped.
+    By the 1990 model year, all new cars must be equipped with
+passive restraint systems on the driver's side.
+    For the passenger side of the front seat, ordinary seat
+belts will suffice until 1994 under the new ruling. As
+previously written, the federal standard required passive
+restraint systems such as air bags on both the driver's and
+passenger's side of the front seat in all new cars by 1990.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15063" NEWID="9542">
+<DATE>25-MAR-1987 15:19:44.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2207&#31;reute
+r f BC-MERCK-&lt;MRK>-GETS-FDA   03-25 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCK &lt;MRK> GETS FDA HEARTWORM MEDICINE APPROVAL</TITLE>
+<DATELINE>    RAHWAY, N.J., March 25 - </DATELINE><BODY>Merck and Co Inc said its
+veterinary drug Heartgard-30 for the prevention of heartworm
+disease in dogs has been approved by the U.S. Food and Drug
+Administration.
+    The company said the drug will be availiable only through
+licensed veterinarians.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15064" NEWID="9543">
+<DATE>25-MAR-1987 15:19:52.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2208&#31;reute
+r f BC-JOHN-LABATT-SEES-GOOD   03-25 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHN LABATT SEES GOOD FOURTH QUARTER, YEAR</TITLE>
+<DATELINE>    MONTREAL, March 25 - </DATELINE><BODY>&lt;John Labatt Ltd> anticipates a good
+fourth quarter and a new peak in sales and earnings for the
+fiscal year ending April 30, president Peter Widdrington told
+financial analysts.
+    He would not make any specific forecast, but said he was
+optimistic for further growth in fiscal 1988 in the company's
+brewing and food products operations.
+    Labatt's earnings rose to 92.8 mln dlrs in the nine months
+ended January 31 from year-earlier 78 mln dlrs. Revenue for the
+nine months rose to 3.20 billion dlrs from 2.70 billion dlrs.
+    Widdrington said Labatt's three-year business plan, now
+being updated, targets total sales of about six billion dlrs,
+including 2.50 billion dlrs in the U.S.
+    Labatt, Canada's leading brewer, has expanded in the U.S.
+food products industry by acquisitions.
+    Widdrington said Labatt's strategy for U.S. expansion
+stemmed partly from its strong market position in the Canadian
+food and beverage industry. The U.S. share of revenues for this
+year will be about 35 pct, rising to 40 pct in fiscal 1988, he
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15065" NEWID="9544">
+<DATE>25-MAR-1987 15:20:26.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2211&#31;reute
+r f BC-husky-sets-meeting   03-25 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUSKY &lt;HYO> SETS MEETING TO APPROVE MERGER</TITLE>
+<DATELINE>    CALGARY, Alberta, March 25 - </DATELINE><BODY>Husky Oil Ltd said the board
+called a special meeting for April 22 for shareholders to vote
+on its previously announced agreement for Hong Kong-based
+Hutchison Whampoa Ltd and Hongkong Electric Holdings Ltd to
+acquire a 43 pct interest in the company.
+    The acquisition requires two-thirds approval by Husky
+shareholders other than &lt;Nova, An Alberta Corp>, which owns a
+57 pct interest in Husky.
+    If approved by shareholders, the amalgamation will take
+effect April 30, Husky said.
+    Following completion, Oil Term Holdings Ltd, a new company
+controlled by Nova, will hold a 43 pct stake in Husky.
+Hutchison and Hongkong will indirectly hold 43 pct, Victor T.K.
+Li will own nine pct and &lt;Canadian Imperial Bank of Commerce>
+will have a five pct interest.
+    Husky said a special committee of five outside directors
+recommended the board approve the transaction after determining
+that the deal was in the best interests of Husky and fair to
+shareholders.
+    Husky previously announced shareholders will have the
+option to receive 11.80 Canadian dlrs cash for each common, or
+6.726 dlrs cash and one common share of Oil Term Investment
+Ltd, which will be controlled by Nova through Oil Term Holdings
+and own an insterest in Husky.
+    U.S. shareholders will be restricted to the right to
+receive 11.80 Canadian dlrs cash per share, which will be paid
+in U.S. funds, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15066" NEWID="9545">
+<DATE>25-MAR-1987 15:20:44.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2213&#31;reute
+r f BC-BALTIMORE-GAS-AND-ELE   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALTIMORE GAS AND ELECTRIC &lt;BGE> FILES DEBT</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Baltimore Gas and Electric Co said it
+filed a registration with the Securities and Exchange
+Commission to sell 100 mln dlrs of unsecured debt.
+    The debt filing was registered under the SEC's shelf
+procedure which gives the utility up to two years to sell its
+debt.
+    Once the registration becomes effective Baltimore Gas and
+Electric will be able to issue debt on short notice as market
+or corporate conditions warrant.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15067" NEWID="9546">
+<DATE>25-MAR-1987 15:20:50.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2214&#31;reute
+r f BC-MERCK-&lt;MRK>-GETS-APPR   03-25 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCK &lt;MRK> GETS APPROVAL FOR DOG HEART DRUG</TITLE>
+<DATELINE>    RAHWAY, N.J., March 25 - </DATELINE><BODY>Merck and Co said a drug to
+prevent heartworm disease in dogs, ivermectin, has been
+approved by the U.S. Food and Drug Administration.
+    The drug, made by Merck's animal health and agricultural
+products division, will be sold under the name Heartgard-30
+through licensed veterinarians.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15068" NEWID="9547">
+<DATE>25-MAR-1987 15:20:56.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2215&#31;reute
+r f BC-WASHINGTON-GAS-LIGHT   03-25 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON GAS LIGHT CO &lt;WGL> HIKES PAYOUT</TITLE>
+<DATELINE>    WASHINGTON, March 25 -
+    </DATELINE><BODY>Qtly div 45 cts vs 44 cts prior
+    Pay May one
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15069" NEWID="9548">
+<DATE>25-MAR-1987 15:21:22.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2218&#31;reute
+h f BC-ZENITH-&lt;ZE>-NAMES-NEW   03-25 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZENITH &lt;ZE> NAMES NEW FINANCIAL OFFICER</TITLE>
+<DATELINE>    GLENVIEW, ILL., March 25 - </DATELINE><BODY>Zenith Electronics Corp said
+Howard Graham has been named vice president-finance and chief
+financial officer, effective April 1.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15070" NEWID="9549">
+<DATE>25-MAR-1987 15:22:52.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2220&#31;reute
+u f BC-FERC-DECISION-COULD-C   03-25 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERC DECISION COULD CUT COLUMBIA GAS &lt;CG> NET</TITLE>
+<DATELINE>    WILMINGTON, Del., March 23 - </DATELINE><BODY>Columbia Gas System Inc said a
+Federal Energy Regulatory Commission decision today on natural
+gas cost recovery could reduce its 1987 earnings by about 1.25
+dlrs a share.
+    The company said "this could bring earnings for 1987 below
+Columbia's stated goal of earning no less than its 3.18 dlrs
+per share dividend." It earned 2.12 dlrs a share in 1986.
+    It said management expects to recommend to the board that
+the dividend rate be maintained in 1987.
+    Columbia Gas said the impact of the FERC decision may be
+offset by a one-time accounting change rleated to future tax
+liabilities under the new federal tax laws.
+    The company recorded these liabilities based on older,
+higher tax rates, but an action being considered by the
+Financial Accounting Standards Board could result in a gain of
+about 1.20 dlrs a share in 1987, it explained.
+    "Thus there is a good chance that we will attain our 1987
+earnings goal -- although not in the way originally planned,"
+Columbia Gas said.
+    Columbia Gas said the FERC decision would limit the
+recovery of certain gas contract costs by Columbia Gas
+Transmission Corp, the company's principal pipeline subsidiary.
+    It said the decision specifically excluded from a purchased
+gas adjustment filing by the pipeline costs related to
+amortizing payments made to producers to reform gas purchase
+contracts. These were excluded on the grounds the subsidiary
+failed to sufficiently support cost recovery.
+    The company said its subsidiary is not precluded from
+making a new filing to provide sufficient support.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15071" NEWID="9550">
+<DATE>25-MAR-1987 15:23:15.04</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D><D>yemen-arab-republic</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2221&#31;reute
+u f BC-U.S.-OFFERS-MORE-CRED   03-25 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OFFERS MORE CREDITS FOR VEG OIL TO N. YEMEN</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The U.S. Commodity Credit
+Corporation (CCC) has authorized an additional 10.0 mln dlrs in
+credit guarantees to cover sales of U.S. vegetable oils to
+North Yemen, the U.S. Agriculture Department said.
+    The department also said at the request of the North Yemen
+Government five mln dlrs in credit guarantees previously
+earmarked for sales of wheat have been switched to cover sales
+of mixed poultry feed.
+    The actions increase the value of credit guarantees for
+vegetable oil for the current fiscal year to 38 mln dlrs,
+reduce the guarantee coverage for sales of wheat to eight mln
+dlrs and increase the coverage for sales of mixed poultry feed
+to 10 mln dlrs.
+    All exports must be completed by September 30, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15072" NEWID="9551">
+<DATE>25-MAR-1987 15:24:27.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2222&#31;reute
+h f BC-PUERTO-RICAN-CEMENT-C   03-25 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUERTO RICAN CEMENT CO &lt;PRN> SETS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 25 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay May 13
+    Record April 14
+    NOTE: Company said up to 20 pct of dividend payment may be
+withheld in accordance with Puerto Rico tax law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15073" NEWID="9552">
+<DATE>25-MAR-1987 15:25:11.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2223&#31;reute
+r f BC-U.S.-SHOE-&lt;USR>-TO-OP   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SHOE &lt;USR> TO OPEN 421 STORES IN 1987</TITLE>
+<DATELINE>    CINCINNATI, Ohio, March 25 - </DATELINE><BODY>U.S. Shoe Corp said it plans
+to open 421 stores and close 33 units in 1987, bringing the
+total number of its outlets to 2,655.
+    Earlier the large retailer reported that its earnings
+dropped 61 pct to 25.5 mln dlrs for the year ended January 31.
+In the year earlier period it earned 64.9 mln dlrs. Sales rose
+four pct to 2.0 billion dlrs from 1.9 billion dlrs.
+    U.S. Shoe cited severe merchandising problems in its key
+retail divisions and competition in its footwear divisions as
+some of the reasons for the earnings decline last year.
+    U.S. Shoe also said it expects results for the first
+quarter to end May 31 will show an improvement over the 3.2 mln
+dlrs it earned in the year-ago quarter.
+    It said that initial orders for spring were down
+"moderately," but reorder activity was "excellent" within its
+women's footwear divisions.
+    The company said it "will continue to search for ways to
+make its footwear assets more productive and operations more
+efficient." It said it expects capital outlays in fiscal 1987
+to exceed 165 mln dlrs, a 12 pct increase over 1986 levels.
+    It said capital outlays to improve domestic productivity
+this year are planned to increase 50 pct over 1986 levels.
+    The company also said it plans to increase its presence in
+Brazil and to start production in Hong Kong, which along with
+other overseas offices, will strenghten its overall import
+capability.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15074" NEWID="9553">
+<DATE>25-MAR-1987 15:28:05.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2228&#31;reute
+r f BC-BARRIS-&lt;BRRS>-TO-BUY   03-25 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARRIS &lt;BRRS> TO BUY BACK STOCK</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 25 - </DATELINE><BODY>Barris Industries Inc
+said it agreed to buy back 763,546 shares, or 8.6 pct of its
+own common stock from company founder Charles Barris for 12.50
+dlrs per share.
+    Barris and the company have also terminated an agreement
+which granted Barris Industries the right of first refusal for
+a five year period on any project initiated by Barris, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15075" NEWID="9554">
+<DATE>25-MAR-1987 15:30:34.97</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D><D>taiwan</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2232&#31;reute
+d f BC-CANADA-CONSIDERING-MO   03-25 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA MAY MONITOR STEEL SHIPMENTS</TITLE>
+<DATELINE>    OTTAWA, March 26 - </DATELINE><BODY>Canada may begin monitoring steel
+flowing in and out of the country to determine if any steel is
+being illegally "trans-shipped" to the U.S., senior government
+trade officials said.
+    The officials, asking not to be identified, said the
+government will investigate an industry contention that steel 
+imported from countries such as South Korea and Taiwan is being
+diverted to the U.S. and ultimately exasperating concerns about
+the level of Canadian exports south of the border.
+    But the senior officials, asking not to be indentified,
+said that despite intense pressure from the Reagan
+Administration, Ottawa was not considering any kind of formal
+limits on Canadian shipments to the U.S.
+    "In a sense what I hope we are doing is buying some time,"
+said one official who claimed Canadian companies were "fair
+traders" in the big American market.
+    If approved by the Canadian cabinet, the officials said a 
+monitoring system will be established in the next three or four
+months.
+    "I guess if we find trans-shipment is a problem, we would
+have to do something about it," said a trade official.
+    Canadian steel shipments to the U.S. have risen to 5.7 pct
+of the U.S. market in recent months, almost double the level
+just two years ago.
+    The increase in Canadian shipments comes at a time of
+growing anger in the U.S. over rising steel imports from
+several countries in the face of a decline among domestic steel
+producers.
+    Some U.S. lawmakers have proposed Canada's share of the
+American market be limited to 2.4 per cent.
+    The Ontario Government has urged Ottawa to require foreign
+companies to obtain permits to import steel into the country.
+Currently, import licences are required only for carbon or raw
+steel, which makes up less than half the steel market.
+    Canada exported two billion Canadian dlrs worth of steel in
+1986, while importing 944-mln dlrs worth of the product in the
+same year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15076" NEWID="9555">
+<DATE>25-MAR-1987 15:34:47.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2248&#31;reute
+r f BC-MEXICO-SIGNS-100-MLN   03-25 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO SIGNS 100 MLN DLR IADB TOURISM LOAN</TITLE>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>Mexican officials, led by Finance
+Minister Gustavo Petricioli, signed a 100 mln dlr loan with the
+Inter-American Development Bank to help finance the promotion
+of foreign tourism.
+    The loan is for 15 years with 4-1/2 years grace at a
+variable interest rate.
+    The IADB has approved previous loans totaling 207.5 mln
+dlrs to help finance investments of some 580 mln dlrs in
+Mexico's tourism sector.
+    The total cost of the program announced today is about 334
+mln dlrs, of which the IADB loan will cover 29.9 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15077" NEWID="9556">
+<DATE>25-MAR-1987 15:39:12.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2258&#31;reute
+r f BC-WESCO-FINANCIAL-CORP   03-25 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESCO FINANCIAL CORP &lt;WSC> 4TH QTR NET</TITLE>
+<DATELINE>    PASADENA, Calif., March 25 -
+    </DATELINE><BODY>Shr 79 cts vs 5.05 dlrs
+    Net 5,628,000 vs 35,936,000
+    Revs 41.8 mln vs 39.4 mln
+    Year
+    Shr 2.32 dlrs vs 7.24 dlrs
+    Net 16,524,000 vs 51,541,000
+    Revs 160.2 mln vs 114.9 mln
+    Note:  Current qtr figures include securities gain of 2.1
+mln dlrs, or 29 cts per share, vs gain of 34.3 mln dlrs, or
+4.81 dlrs per share.
+    Current year figures include security gain of 4.6 mln dlrs,
+or 64 cts per share, vs gain of 41.5 mln dlrs, or 5.83 dlrs per
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15078" NEWID="9557">
+<DATE>25-MAR-1987 15:41:19.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2263&#31;reute
+r f BC-HELM-&lt;H>-SELLS-ADDITI   03-25 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELM &lt;H> SELLS ADDITIONAL SHARES IN BAMBERGER</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Helm Resources Inc said that, pursuant
+to the exercise of an overallotment option by underwriters in
+Bamberger Polymers INc's initial public offering, it has sold
+another 35,000 Bamberger shares and reduced its ownership in
+Bamberger to 51 pct from 55 pct.
+    To date, Helm has sold 435,000 Bamberger's for 3.5 mln
+dlrs.
+    Bamberger has sold a total of 600,000 shares and received
+net proceeds of about 4.8 mln dlrs since the February 1987
+offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15079" NEWID="9558">
+<DATE>25-MAR-1987 15:46:55.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2276&#31;reute
+r f BC-AMPAL-AMERICAN-ISRAEL   03-25 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMPAL-AMERICAN ISRAEL CORP &lt;AIS.A> YEAR NET</TITLE>
+<DATELINE>    NEW YORK, March 25 -
+    </DATELINE><BODY>Shr 27 cts vs 25 cts
+    Net 6,416,000 vs 5,988,000
+    Revs 112.2 mln vs 99.8 mln
+    NOTE: 1985 includes extraordinary income of 647,000 dlrs or
+three cts/shr. 1985 restated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15080" NEWID="9559">
+<DATE>25-MAR-1987 15:48:42.37</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2282&#31;reute
+b f BC-COCOA-CHAIRMAN-TO-SEE   03-25 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA COUNCIL CHAIRMAN SEEKS BUFFER COMPROMISE</TITLE>
+<DATELINE>    LONDON, March 25 - </DATELINE><BODY>International Cocoa Organization, ICCO,
+Council chairman, Denis Bra Kanon, said he will attempt to
+reach a compromise on buffer stock rules for the International
+Cocoa Agreement.
+    Bra Kanon called for bilateral consultations among
+producers and consumers Thursday morning to resolve outstanding
+differences on how much non-member cocoa the buffer stock can
+purchase and differentials to be fixed for different origin
+cocoa, consumer delegates told reporters.
+    Bra Kanon is expected to meet with about eight delegations
+individually in attempt to iron out remaining problems.
+    Producers and consumers indicated support "in principle" for
+the draft buffer stock rules package formulated over the past
+week by a small working group, consumer delegates said.
+    Despite remaining differences delegates remained confident
+a buffer stock accord would be agreed to by Friday when the
+council session ends, but certain technical points need further
+clarification, the delegates said.
+    Certain consumers are concerned that differentials included
+in the draft buffer stock package are out of line with market
+realities, consumer delegates said.
+    Unless these are modified there are fears it would promote
+purchases of quality cocoas, such as Ghana origin, which are
+normally required by manufacturers, they said.
+    Restrictions on buffer stock purchases of non-member cocoa
+might lead to a supply overhang in Malaysian cocoa, which would
+depress prices, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15081" NEWID="9560">
+<DATE>25-MAR-1987 15:49:14.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2285&#31;reute
+r f BC-SNC-GROUP-EXPECTS-HIG   03-25 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SNC GROUP EXPECTS HIGHER 1987 EARNINGS, SALES</TITLE>
+<DATELINE>    MONTREAL, March 25 - </DATELINE><BODY>&lt;SNC Group Inc> expects 1987 earnings
+to rise to 1.20-1.40 dlrs a share from 91 cts a share last
+year, with revenues climbing to about 430 mln dlrs from last
+year's 350 mln dlrs, president Alex Taylor said before the
+annual meeting.
+    SNC, Canada's second biggest engineering and construction
+group, became the country's largest ammunition manufacturer
+last year with its 90 mln dlr acquisition of Canadian Arsenals
+Ltd from the Canadian government.
+    The impact of that and several smaller deals will be felt
+fully in 1987, Taylor said.
+    Defense preoducts and other manufacturing operations will
+account for more than half SNC's total 1987 revenues, helping
+to counterbalance the more cyclical engineering and
+construction acivities, Taylor said.
+    Last year, SNC earned 8.7 mln dlrs, including a small
+extraordinary gain.
+    In 1987, a total manufacturing activities will generate
+about 235 mln dlrs in revenues, and engineering and
+construction about 200 mln dlrs, he said, adding that defense
+products operations should be a major contributor to earnings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15082" NEWID="9561">
+<DATE>25-MAR-1987 15:50:07.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2287&#31;reute
+r f BC-MINE-SAFETY-&lt;MNES>-SE   03-25 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINE SAFETY &lt;MNES> SELLS SOUTH AFRICA UNIT</TITLE>
+<DATELINE>    PITTSBURGH, March 25 - </DATELINE><BODY>Mine Safety Appliances Co said it
+will sell through its German subsidiary, Auergesellschaft, its
+controlling interest in MSA (Africa), (PTY) Ltd, of
+Johannesburg, South Africa to Boart International, a wholly-
+owned subsidiary of Anglo American Corp of South Africa Ltd
+&lt;ANGL>.
+    The company said the terms of the sale were not disclosed.
+    The company will operate as Boart-MSA (PTY) Ltd, it said.
+    L.N. Short Jr, president of the company, said it sold the
+unit because of slumping profits due to South Africa's economic
+decline.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15083" NEWID="9562">
+<DATE>25-MAR-1987 15:50:54.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2290&#31;reute
+d f BC-MEDAR-INC-&lt;MDXR>-4TH   03-25 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDAR INC &lt;MDXR> 4TH QTR DEC 31 LOSS</TITLE>
+<DATELINE>    FARMINGTON HILLS, Mich., March 25 -
+    </DATELINE><BODY>Shr loss 10 cts vs loss nine cts
+    Net loss 558,800 vs loss 469,200
+    Sales 5.5 mln vs two mln
+    Nine mths ended Dec 31
+    Shr profit two cts vs loss four cts
+    Net profit 91,045 vs loss 207,000
+    Sales 17.3 mln vs 8.4 mln
+    Avg shrs 5,465,433 vs 5,037,819
+    Year ended March 31
+    Shr loss 28 cts vs profit 19 cts
+    Net loss 1,356,321 vs profit 818,723
+    Sales 10.9 mln vs 12.2 mln
+    Avg shrs 4,862,499 vs 4,683,591
+    Note: Medar changed end of fiscal year to December 31 to be
+more in phase with business cycle of its major customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15084" NEWID="9563">
+<DATE>25-MAR-1987 15:51:49.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2294&#31;reute
+d f BC-MEDAR-&lt;MDXR>-CHANGES   03-25 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDAR &lt;MDXR> CHANGES FISCAL YEAR</TITLE>
+<DATELINE>    FARMINGTON HILLS, Mich., March 25 - </DATELINE><BODY>Medar Inc said it
+changed the end of its fiscal year to December 31 from March
+31.
+    The company, in reporting its annual results, said the
+change was made to bring its financial reporting in phase with
+the order cycle of its major customers.
+    Medar earlier said it lost 558,800 dlrs in its final 1986
+quarter, compared to a loss of 469,200 dlrs in the same 1985
+quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15085" NEWID="9564">
+<DATE>25-MAR-1987 15:51:54.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2295&#31;reute
+d f BC-EPSILON-DATA-&lt;EPSI>-G   03-25 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EPSILON DATA &lt;EPSI> GETS NEW CREDIT AGREEMENT</TITLE>
+<DATELINE>    BURLINGTON, Mass., March 25 - </DATELINE><BODY>Epsilon Data Management Inc
+said it had executed a new revolving credit and term loan
+agreement with the Shawmut Bank N.A.
+    It said the total credit available under the newly-signed
+agreement is six mln dlrs.
+    It said the new agreement will, at its option, convert to a
+four-year term loan in September 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15086" NEWID="9565">
+<DATE>25-MAR-1987 15:53:09.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2297&#31;reute
+b f BC-******U.S.-SECURITIES   03-25 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SECURITIES INDUSTRY ASSN BACKS RESTRAINTS ON TAKEOVERS, INSIDER TRADING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15087" NEWID="9566">
+<DATE>25-MAR-1987 15:53:14.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2298&#31;reute
+h f BC-CHEMFIX-TECHNOLOGIES   03-25 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMFIX TECHNOLOGIES INC &lt;CFIX> 2ND QTR NET</TITLE>
+<DATELINE>    NEW ORLEANS, March 25 - </DATELINE><BODY>Ended Feb 28
+    Shr profit one ct vs loss four cts
+    Net profit 53,040 vs loss 255,568
+    Revs 2,252,246 vs 755,605
+    Six mths
+    Shr profit three cts vs loss eight cts
+    Net profit 217,884 vs loss 517,538
+    Revs 4,895,720 vs 1,569,662
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15088" NEWID="9567">
+<DATE>25-MAR-1987 15:54:43.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f2301&#31;reute
+r f BC-ALABAMA-UPGRADED-IN-B   03-25 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALABAMA UPGRADED IN BRUCELLOSIS PROGRAM</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Alabama has advanced from a Class B
+to a Class A rating in the eradication of cattle brucellosis
+program, thus relieving some restrictions in the interstate
+movement of cattle from the state, the U.S. Agriculture
+Department said.
+    To qualify for a Class A rating, a state must keep its herd
+infection rate at or below 0.25 pct for 12 months.
+    The change in Alabama's classification reduces the testing
+and identification requirements for cattle moved interstate for
+breeding purposes, to immediate slaughter or to quarantined
+feedlots, USDA said.
+    Brucellosis is an infectious bacterial disease that causes
+abortion, reduced fertility and lower milk yields in cattle, it
+noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15089" NEWID="9568">
+<DATE>25-MAR-1987 15:57:21.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2302&#31;reute
+d f BC-HELM-&lt;H>-AFFILIATE-SE   03-25 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELM &lt;H> AFFILIATE SELLS SYSTEM</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Teletrak Advanced Technology Systems
+Inc, 35 pct-owned by Helm Resources Inc, said it received a 
+contract to provide its Laser Base 400 System to a national
+commercial bank.
+    The system is an optical disk storage and retrieval system
+that utilizes commercially accepted computer hardware, it said.
+    Teletrak also said a New York law firm has retained it to
+develop the laser base software for the firm's word processing
+system.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15090" NEWID="9569">
+<DATE>25-MAR-1987 15:57:45.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2304&#31;reute
+r f BC-FEDERAL-PAPER-&lt;FBO>-O   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL PAPER &lt;FBO> OFFERS PREFERENTIAL SHARES</TITLE>
+<DATELINE>    MONTVALE, N.J., March 25 - </DATELINE><BODY>Federal Paper Board Co Inc said
+its is offering 2,800,000 shares, or 140 mln dlrs, of its 2.875
+cumulative convertible preferred stock at 50 dlrs per share.
+    The company said it is applying to list the preferred stock
+on the New York Stock Exchange.
+    The First Boston Corp, Morgan Stanley and Co Inc and
+PaineWebber Inc are underwriting the issues, the company said.
+    The preferred stock has a liquidation preference of 50 dlrs
+per share and is convertible at any time into common stock at
+55 dlrs per share subject to adjustment.
+    The preferred stock is redeemable starting at 52.875 dlrs
+per share on March 15, 1987, and declining on each March 15 to
+50 dlrs on and after March 15, 1997.
+    The company said it intends to used the proceeds from the
+sale to redeem its entire 125 mln dlrs of its outstanding 13
+pct subordinated debentures due 2000, with the balance to be
+added to the company's general funds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15091" NEWID="9570">
+<DATE>25-MAR-1987 15:59:15.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2307&#31;reute
+r f BC-ALLIS-CHALMERS-&lt;AH>-S   03-25 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIS-CHALMERS &lt;AH> SELLS SWISS UNIT</TITLE>
+<DATELINE>    MILWAUKEE, Wisc., March 25 - </DATELINE><BODY>Allis-Chalmers Corp said it
+has sold its Elex Ag unit in Zurich, Switzerland, to private
+investors for an undisclosed amount.
+    The company said Elex produces electrostatic precipitators
+used in air pollution control.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15092" NEWID="9571">
+<DATE>25-MAR-1987 16:01:27.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2313&#31;reute
+u f BC-MONARCH-CAPITAL-&lt;MON   03-25 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONARCH CAPITAL &lt;MON PR> WILL NOT RESUME TRADING</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>The New York Stock Exchange said
+Monarch Capital Corp Pfd will not resume trading today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15093" NEWID="9572">
+<DATE>25-MAR-1987 16:02:39.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2319&#31;reute
+d f BC-FLORIDA-EMPLOYERS-INS   03-25 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORIDA EMPLOYERS INSURANCE CO &lt;FLAE> YEAR 1986</TITLE>
+<DATELINE>    GEORGETOWN, Grand Cayman, British West Indies, March 25 -
+    </DATELINE><BODY>Shr 29 cts vs nine cts
+    Net 651,000 vs 214,000
+    NOTE: 1986 net includes loss of 500,000 dlrs for
+extraordinary item.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15094" NEWID="9573">
+<DATE>25-MAR-1987 16:03:28.59</DATE>
+<TOPICS><D>jet</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2321&#31;reute
+u f BC-SHELL-OIL-GETS-104.3   03-25 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL OIL GETS 104.3 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Shell Oil Co of Houston has been
+awarded a 104.3 mln dlr contract for jet fuel, the Defense
+Logistics Agency said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15095" NEWID="9574">
+<DATE>25-MAR-1987 16:03:35.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2322&#31;reute
+f f BC-******U.S.-4-YEAR-NOT   03-25 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. 4-YEAR NOTE AVERAGE YIELD 6.79 PCT, STOP 6.79 PCT, AWARDED AT HIGH YIELD 95 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15096" NEWID="9575">
+<DATE>25-MAR-1987 16:08:01.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2328&#31;reute
+f f BC-******DETROIT-EDISON   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DETROIT EDISON FILES SHELF REGISTRATION FOR ONE BILLION DLRS IN BONDS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15097" NEWID="9576">
+<DATE>25-MAR-1987 16:08:20.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2330&#31;reute
+u f BC-NIKE-INC-&lt;NIKE>-3RD-Q   03-25 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIKE INC &lt;NIKE> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    BEAVERTON, Ore., March 25 -
+    </DATELINE><BODY>Shr 12 cts vs 30 cts
+    Net 4,255,000 vs 11.5 mln
+    Revs 199.4 mln vs 258.7 mln
+    Nine mths
+    Shr 64 cts vs 1.19 dlrs
+    Net 24.4 mln vs 45.5 mln
+    Revs 639.7 mln vs 824.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15098" NEWID="9577">
+<DATE>25-MAR-1987 16:09:20.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2335&#31;reute
+s f BC-ZENITH-NATIONAL-INSUR   03-25 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZENITH NATIONAL INSURANCE &lt;ZNAT> QTLY DIVIDEND</TITLE>
+<DATELINE>    ENCINO, Calif., March 25 -
+    </DATELINE><BODY>Shr 20 cts vs 20 cts prior qtr
+    Pay May 14
+    Record April 30
+    Note: Full name Zenith National Insurance Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15099" NEWID="9578">
+<DATE>25-MAR-1987 16:09:36.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2336&#31;reute
+s f BC-REDKIN-LABORATORIES-I   03-25 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REDKIN LABORATORIES INC &lt;RDKN> QTLY DIVIDEND</TITLE>
+<DATELINE>    CANOGA PARK, Calif., March 25 -
+    </DATELINE><BODY>Shr five cts vs five cts prior qtr
+    Pay April 17
+    Record April 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15100" NEWID="9579">
+<DATE>25-MAR-1987 16:10:03.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2337&#31;reute
+r f BC-INT'L-MINERALS-&lt;IGL>   03-25 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L MINERALS &lt;IGL> PLANS BIOTECHNOLOGY PROJECT</TITLE>
+<DATELINE>    NORTHBROOK, ILL., March 25 - </DATELINE><BODY>International Minerals and
+Chemical Corp said its board approved a 50-mln-dlr budget to be
+spent over the next several years to build production
+facilities for a newly developed product to be used to improve
+the lean weight of hogs.
+    The new product, porcine somatotropin (PST) is described as
+a natural bio-synthetic protein that improves the lean weight
+and rate of weight gain, as well as reduces the cost of feed
+for market hogs, the company said.
+    Specific details of the PST production project, including
+sites for the proposed facilities and engineering plans, were
+not disclosed.
+    International Minerals said it set a completion target for
+the spring of 1989, by which time necessary Food and Drug
+Administration approvals are expected to be obtained.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15101" NEWID="9580">
+<DATE>25-MAR-1987 16:10:24.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2339&#31;reute
+s f BC-COOPERVISION-INC-&lt;EYE   03-25 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPERVISION INC &lt;EYE> QTLY DIVIDEND</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 25 -
+    </DATELINE><BODY>Shr 10 cts vs 10 cts prior qtr
+    Pay April 17
+    Record April 9.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15102" NEWID="9581">
+<DATE>25-MAR-1987 16:13:38.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2348&#31;reute
+u f BC-UAL-&lt;UAL>-SURROUNDED   03-25 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL &lt;UAL> SURROUNDED BY TAKEOVER SPECULATION</TITLE>
+<AUTHOR>    By Patti Domm</AUTHOR>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>UAL Inc's diversification into hotels
+and rental cars may be its downfall, analysts said.
+    Digesting its acquisitions of hotels, Pan Am Corp's Pacific
+air routes, and Hertz rental cars, combined with stiff air fare
+competition has left the company with an undervalued stock
+price, analysts said.
+    The vulnerability of UAL's stock has fueled takeover
+speculation, as have reports that real estate magnate Donald
+Trump has bought a large amount of its stock.
+    Today, a UAL executive told Reuters its chairman Richard
+Ferris spoke with Trump last week. Trump said his interest in
+the stock was as an investment, but the executive said the
+company does not know how much Trump owns or whether he has any
+other plans.
+    UAL senior vice president Kurt Stocker said the company
+believes its diversification strategy will work since it can
+feed customers from one business to another. Several weeks ago,
+it announced the new name of Allegis, to be taken in May.
+    "The strategy that Dick Ferris was talking about a couple
+weeks ago when we announced the Allegis name is that the whole
+really ends up to be worth more than the sum of the parts.
+Unfortunately, some people haven't really come to this
+understanding," Stocker said.
+    But those same parts - Westin Hotels, Hertz rental cars,
+United Airlines and its reservation system - also has Wall
+Street calculating a wide range of breakup values from about
+100 dlrs per share to 130 dlrs per share.
+    Analysts aren't so sure the strategy is going to work. They
+mention Transworld Corp, initially Trans World Airlines,
+as an example of an airline diversification gone wrong.
+Transworld Corp ended up spinning off its TWA airline.
+Transworld, now TW Services, is selling Hilton International to
+UAL.
+    "If you want to be negatively biased you say it's a stupid
+philosophy, and if you're United and you put billions of dlrs
+into other acquisitions, this is a good idea. There's not much
+evidence one way or the other," said Dean Witter analyst Mark
+Daugherty.
+    "In the short or long run, they all (UAL's businesses) make
+money and perform well," said Stocker. He said the stock price
+hasn't caught on since the strategy is relatively new.
+    Analysts say it's because earnings are relatively poor.
+Earnings last year were 25 cts per share. Louis Marckesano of
+Janney Montgomery predicts 1987 net of 3.50 dlrs per share.
+    "They're potential is enormous. I think their problem has
+been execution. The strike was the single biggest factor that
+set them back in 1985. Last year, the whole industry was
+involved in fare wars. They were hit harder by the fare wars
+than anyone else," said Marckesano.
+    Marckesano said United Airlines was particularly hurt by
+the fare wars because it shares a Denver hub with Texas Air
+Corp's price-slashing Continental Airlines.
+    Analysts said the same strategy which has contributed to an
+undervalued stock price may also result in a strong takeover
+defense. They said UAL paid a lot for some of its assets and
+that in itself may make the company undesireable.
+    "I think they have a fairly tough management that will at
+least be able to do battle with a potential shark and may well
+be able to defeat them. These guys aren't pushovers," said
+Steve Lewins, an airline analyst at Citicorp.
+    Lewins believes the company could ultimately boost the
+stock price to a level that would reflect its assets, but it
+will take time and improvements in earnings.
+    "If they put their nose to the grindstone, we're talking
+about years for anyone (in the airline industry)," he said.
+"The whole unwinding of the battle of Texas Air is going to
+take years, establishing the Pacific in competition with (NWA
+Inc &lt;NWA>) Northwest is going to take until 1990," Lewins said.
+     UAL today rose 2-1/2 to 62-1/2 on heavy volume of 1.9 mln
+shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15103" NEWID="9582">
+<DATE>25-MAR-1987 16:14:06.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2350&#31;reute
+b f BC-U.S.-SECURITIES-GROUP   03-25 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SECURITIES GROUP BACKS INSIDER RESTRAINTS</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The Securities Industry Association
+backed a variety of restraints on insider trading and hostile
+corporate takeovers and asked Congress to define insider
+trading in law.
+    The industry trade association called on U.S. securities
+firms to take steps to protect sensitive corporate secrets to
+guard against illegal trading by employees.
+    The association also backed broad federal restrictions on a
+variety of tactics used in hostile corporate takeovers.
+    But it said investment banking firms should be allowed to
+continue to engage in both arbitrage and merger and acquisition
+activities so long as those functions were kept separate.
+    The SIA, in a report adopted yesterday by its board of
+directors, backed a higher enforcement budget for the federal
+Securities and Exchange Commission and called on U.S. stock
+exchanges to beef up their supervision of member brokerages.
+    The report said securities firms "should be more rigorous in
+restricting sensitive information on a need-to-know basis."
+    It said firms should train their employees to understand
+the need for confidentiality of market-sensitive information.
+    It said legislation to define insider trading should avoid
+expanding current law in a way that would impede the market.
+    It said an insider trading definition should exempt a
+securities firm from liability for law violations by its
+employees unless the firm had participated in or was aware of
+the wrongdoing.
+    In the mergers and acquisitions area, the association
+advocated a ban on greenmail payments or poison pill takeover
+protection plans without prior shareholder approval.
+    It said a group or individual buying up a company's stock
+should be required to file a public disclosure statement before
+acquiring more than five pct of the company's shares. Under
+current law, disclosure may be made as late as ten days after
+exceeding the five pct limit.
+    The association said all purchases exceeding 20 pct of a
+company's voting stock shouls be made only through a tender
+offer open to all shareholders. Under current law there is no
+limit on open market purchases.
+    The group said the federal government should preempt state
+regulation of defensive takeover tactics.
+    The group said all tender offers should remain open for at
+least 30 calendar days.
+    The current requirement is expressed in business days.
+    It said so-called "lockup" devices, in which securities are
+issued to a friendly investor to seal a takeover deal or fend
+off an unfriendly predator should be limited to 18.5 pct of the
+target company's total common stock.
+    Association president Edward O'Brien said the group acted
+out of concern over the ad hoc restructuring of corporate
+America on Wall Street and investor fears about insider trading
+and fairness in the marketplace.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15104" NEWID="9583">
+<DATE>25-MAR-1987 16:18:45.80</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2360&#31;reute
+r f BC-TEXACO-&lt;TX>-RESERVES   03-25 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> RESERVES DOWN DESPITE LOWER OUTPUT</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Texaco Inc's oil and gas reserves
+declined in 1986 despite reduced production and upward
+revisions in the company's previous reserve estimates, its
+annual report said.
+    The statement of the report's auditor was qualified -- as
+was the previous one -- because of the unkonwn final impact of
+the judgement won by Pennzoil Co &lt;PZL> against Texaco on
+charges Texaco interfered with Pannzoil's contract to acquire
+Getty Oil Co.
+    The auditor's point out, as Texaco has in the past, the
+company's loss of any of several pending court decisions in
+this case could cause it "to face prospects such as having to
+seek protection of its assets and business pursuant to the
+bankruptcy and reorganization provisions of Chapter 11" of the
+federal bankruptcy code.
+    Commenting on a Texas Court of Appeals ruling which reduced
+Pennzoil's judgement by two billion dlrs, to 9.1 billion dlrs,
+Texaco said it will file a motion for a rehearing by the
+appeals court no later than March 30.
+    Texaco said the proven crude oil reserves of the company
+and its consolidated subsidiaries totaled 2.54 billion barrels
+at the end of 1986, down from 2.69 billion a year earlier.
+    However, inclusion of Texaco's equity in the Eastern
+Hemisphere reserves of a nonsubsidiary company limited the
+decline to 2.91 billion barrels from 3.00 billion at the end of
+1985.
+    Worldwide production by the consolidated subsidiaries
+declined to 341 mln barrels last year from 362 mln in 1985 and
+upward revisions in previous reserve estimates rose to 143 mln
+barrels from 117 mln, respectively.
+    Texaco said the largest drop in reserves came in the United
+States -- where the total dropped to 1.46 billion barrels from
+1.55 billion.
+    The company said U.S. liquids production averaged 660,000
+barrels per day last year, down from 714,000 in 1985, with
+about 44 pct of the decline -- some 24,000 barrels per day --
+representing high-cost production shut-in or curtailed in
+response to the decline in crude oil prices during 1986.
+    Texaco said its natural gas reserves totaled 8.16 trillion
+cubic feet at year end, down from 8.87 trillion cubic feet at
+the end of 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15105" NEWID="9584">
+<DATE>25-MAR-1987 16:22:57.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2365&#31;reute
+r f AM-ecuador   03-25 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIX REPORTED WOUNDED IN ECUADOR GENERAL STRIKE</TITLE>
+<DATELINE>    QUITO, March 25 - </DATELINE><BODY>At least six persons, including three
+soldiers, were reported wounded at the start of a general
+strike in Ecuador called to press the government to suspend an
+earthquake-related austerity programme.
+    The information ministry said workers had partially
+complied with the strike. Witnesses said bus transport ground
+to a halt in Quito and schools were closed throughout the
+country, but banks and shops remained open.
+    Three soldiers on a military truck were burned by a
+gasoline bomb, information minister Marco Lara told reuters.
+    In the central city of Latacunga, three workers were
+wounded in clashes with police, unionists and hospital
+authorities said. The strike was called for one day but could
+be extended.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15106" NEWID="9585">
+<DATE>25-MAR-1987 16:27:16.06</DATE>
+<TOPICS><D>livestock</D><D>hog</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f2374&#31;reute
+d f BC-INT'L-MINERALS-PROJEC   03-25 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L MINERALS PROJECT TO BOOST HOG LEAN WEIGHT</TITLE>
+<DATELINE>    NORTHBROOK, ILL., March 25 - </DATELINE><BODY>International Minerals and
+Chemical Corp said its board approved a 50 mln dlrs budget over
+the next several years to build production facilities for a
+newly developed product to be used to improve the lean weight
+of hogs.
+    The new product, porcine somatotropin (PST) is described as
+a natural bio-synthetic protein that improves the lean weight
+and rate of weight gain, as well as reduces the cost of feed
+for market hogs, the company said.
+    Specific details of the PST production project, including
+sites for proposed facilities and engineering plans, were not
+disclosed. International Minerals said it set a completion
+target for the spring of 1989, by which time necessary Food and
+Drug Administration approvals are expected to be obtained.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15107" NEWID="9586">
+<DATE>25-MAR-1987 16:27:27.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2376&#31;reute
+b f BC-******LOMAC-TO-PAY-17   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LOMAC TO PAY 17 MLN DLRS TO CLEAN SITE IN FIRST SUPERFUND-2 SETTLEMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15108" NEWID="9587">
+<DATE>25-MAR-1987 16:29:02.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2387&#31;reute
+s f BC-PULITZER-PUBLISHING-C   03-25 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PULITZER PUBLISHING CO &lt;PLTZC> DECLARES QTLY DIV</TITLE>
+<DATELINE>    ST. LOUIS, March 25 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay May 1
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15109" NEWID="9588">
+<DATE>25-MAR-1987 16:29:05.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2388&#31;reute
+s f BC-FEDERAL-CO-&lt;FFF>-SETS   03-25 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL CO &lt;FFF> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 25 -
+    </DATELINE><BODY>Qtly 29-1/2 cts vs 29-1/2 cts prior
+    Payable June 1 
+    Record May 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15110" NEWID="9589">
+<DATE>25-MAR-1987 16:29:32.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2389&#31;reute
+r f BC-transcanada-pipe-sets   03-25 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSCANADA PIPE &lt;TRP> SETS SHARE REDEMPTION</TITLE>
+<DATELINE>    TORONTO, March 25 - </DATELINE><BODY>TransCanada PipeLines Ltd said it will
+redeem all 1.6 mln outstanding cumulative redeemable
+retractable first preferred shares, series F on May 1, 1987 at
+a price of 52 dlrs a share, or a total of 83.2 mln dlrs.
+    The regular quarterly dividend of 1.795 dlrs a share
+payable May 1, 1987 to shareholders of record March 31, will be
+mailed separately from the notice of redemption, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15111" NEWID="9590">
+<DATE>25-MAR-1987 16:31:20.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2391&#31;reute
+d f BC-SOUTHWESTERN-BELL-&lt;SB   03-25 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWESTERN BELL &lt;SBC> SEES EARNINGS DILUTION</TITLE>
+<DATELINE>    ST. LOUIS, Mo., March 25 - </DATELINE><BODY>Southwestern Bell Corp said that
+its planned acquisitions of cellular telephone and paging
+systems, including those of &lt;Metromedia Inc>, will result in
+some initial earnings dilution and an increase in debt ratio.
+    In a letter to shareholders in its 1986 annual report, the
+regional Bell company did not indicate the degree of earnings
+dilution it expects from the acquisitions, which total some
+1.38 billion dlrs. However, the company said the rise in its
+debt ratio will be temporary and will leave its debt level
+within an acceptable range.
+    In its 1986 yearend financial statement, Southwestern Bell
+listed a debt-to-equity ratio of 43.4 pct, down slightly from
+43.7 pct in 1985.
+    In 1986, the company earned 1.02 billion dlrs, or 10.26
+dlrs a share, compared with 996.2 mln dlrs, or 10 dlrs a share
+in 1985. Revenues dipped to 7.90 billion dlrs from 7.93 billion
+dlrs.
+    Southwestern Bell said it expects the new tax law to have a
+negative impact on its cash flow, due mainly to the loss of
+investment tax credits.
+    By mid-year, however, the company said a reduced corporate
+tax rate should have a positive impact on its net income and
+cash flow.
+    In addition, the company said it is projecting a 1.7 pct
+gain in customer telephone lines and a three to four pct
+increase in long distance calling volumes.
+    Southwestern Bell said 1987 capital expenditures will be
+lower that the 1.97 billion dlrs spent in 1986, a year in which
+expenditures were held below budget.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15112" NEWID="9591">
+<DATE>25-MAR-1987 16:33:17.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2392&#31;reute
+u f BC-bolivian-debt-buyback   03-25 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIVIAN DEBT BUYBACK PLAN SAID GAINING GROUND</TITLE>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>Bolivia's proposal to repurchase at a
+deep discount the 900 mln dlrs it owes to foreign commercial
+banks is likely to be accepted, bolivian central bank governor
+Javier Nogales Iturri said.
+    Speaking to reporters at the annual meeting of the Inter-
+American Development Bank, Nogales said Bolivia's bank advisory
+committee, led by Bank of America, is seeking permission from
+creditor banks worldwide to go ahead with the scheme.
+    More than 50 pct of the banks must approve, and Nogales
+said he is confident this threshold will be reached.
+    "It's working out very well, and I think we'll get a clear
+majority," Nogales said.
+    A senior banker working on the deal also said that banks
+are responding positively and said all the legal waivers
+necessary could be obtained within two months.
+    Bolivia halted all payments on its commercial bank debt in
+March 1984. Hyperinfltion has been curbed and public spending
+trimmed, but the country's debt still trades as low as 10 cts
+on the dollar on the secondary market, and many banks have
+written off most, if not all, of their loans to the country.
+    Few bankers see little chance for a subtantive recovery in
+Bolivia's economic fortunes and so are willing to collect what
+they can on the loans.
+    Nogales said Bolivia would offer to buy back the debt at a
+market price. He said some banks might want to hold out for a
+higher price, but others would see the repurchase offer as an
+opportunity to cut their losses.
+    Bolivia intends to pay for the repurchase with aid that
+foreign goernments, especially the United States and West
+Germany, are providing to help finance the eradication of coca
+crops. Cocaine, although illegal, is Bolivia's largest export.
+    The campaign to persuade farmers to grow legal crops
+instead of coca would be financed instead using local currency,
+Nogales said.
+    Because the fiscal deficit has been reduced to some four
+pct of gross domestic product, money supply could be increased
+to pay for the drug-eradication drive without too much of n
+impact on inflation, he added.
+    Nogales said he does not expect Bolivia's debt repurchase
+to become a model for other debtors in dire straits. "We're not
+seeking a universal solution," he said."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15113" NEWID="9592">
+<DATE>25-MAR-1987 16:34:09.06</DATE>
+<TOPICS><D>trade</D><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2394&#31;reute
+d f AM-BRAZIL-STEEL   03-25 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL WANTS TO INCREASE STEEL EXPORTS TO U.S.</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 25 - </DATELINE><BODY>Brazil wants to increase its
+steel exports to the United States, now limited because of
+tough import restraints set in 1984 by the Reagan
+administration, a spokeswoman for the Brazilian Steel Institute
+(IBS) said.
+    Brazilian and U.S. Trade officials held the first of a
+three-day meeting today in Brasilia to discuss the issue.
+    In 1984, after three months of painstaking negotiations,
+the U.S. Government reached accords with seven steel-exporting
+nations - Australia, Brazil, Japan, Mexico, Spain, South Africa
+and South Korea - to reduce their shipments to the United
+States by about 30 pct in 1985.
+    The 1984 restraints established that for 1987 Brazil's
+steel exports to the U.S. Could not exceed 632,000 tonnes,
+increasing to 640,000 tonnes in 1988 and 670,000 tonnes in
+1989, the last of the five-year deadline set by the agreements.
+    Brazilian officials are trying to increase Brazil's export
+share of non-flat products to the U.S. Market.
+    The spokeswoman said there were reports of domestic supply
+problems in the United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15114" NEWID="9593">
+<DATE>25-MAR-1987 16:35:07.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2397&#31;reute
+r f BC-XYLOGICS-IN-INITIAL-P   03-25 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XYLOGICS IN INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Xylogics Inc is making an initial
+public offering of 1,089,300 shares of common stock at 16 dlrs
+a share, co-managing underwriters Salomon Brothers Inc and
+Cowen and Co said.
+    Of the shares being offered, 750,000 are being sold by the
+company and the rest by selling shareholders. The company has
+granted the underwriters an over-allotment to buy up to 150,000
+more shares.
+    Proceeds to the company will be used to acquire automated
+manufacturing, testing and engineering equipment, to finance
+facilities expansion, for working capital and general corporate
+purposes.
+    The company makes controllers that manage data flow between
+computers and peripherals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15115" NEWID="9594">
+<DATE>25-MAR-1987 16:35:58.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2398&#31;reute
+r f BC-DETROIT-EDISON-&lt;DTE>   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DETROIT EDISON &lt;DTE> REGISTERS BONDS</TITLE>
+<DATELINE>    DETROIT, March 25 - </DATELINE><BODY>Detroit Edison Co said it filed a shelf
+registration for the proposed offering of one billion dlrs in
+general and refunding mortgage bonds.
+    The offering will be underwritten by Morgan Stanley and Co
+Inc. Detroit Edison said the bonds will be offered to the
+public this year and next, with the first bond sale scheduled
+for early next month.
+    Net proceeds from the sale will be used to refund
+obligations under the company's Belle River Project financing
+and to refund or replace funds utilized by the company for the
+purpose of meeting debt and equity obligations.
+ Reuter
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15116" NEWID="9595">
+<DATE> 25-MAR-1987 16:36:45.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2402&#31;reute
+f f BC-******S/P-DOWNGRADES   03-25 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P DOWNGRADES DANA CORP'S 900 MLN DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15117" NEWID="9596">
+<DATE>25-MAR-1987 16:36:57.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2403&#31;reute
+r f BC-ANCHOR-SAVINGS-BANK-O   03-25 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANCHOR SAVINGS BANK OFFERING FULLY SUBSCRIBED</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Anchor Savings Bank said its
+subscription offering was fully subscribed, precluding an
+underwritten public offering of Anchor stock.
+    The company, which will be traded on Nasdaq under the
+symbol &lt;ABKR>, said final tabulation has not been completed.
+    The offering was made in connection with Anchor's
+conversion from a federally chartered mutual savings bank to a
+federally chartered stock savings bank, it said.
+    The bank offered 15.3 mln shares of common stock at 8.50
+dlrs to 11.50 dlrs a share, with the possible issuance of up to
+an additional 2,295,000 shares, it said.
+    The company said trading in the bank stock will not
+commence until all regulatory requirements have been completed.
+    Anchor said it had total assets of 7.3 billion dlrs as of
+June 30, 1986.
+    It said shares were offered to bank depositors, borrowers
+and through a direct mail campaign.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15118" NEWID="9597">
+<DATE>25-MAR-1987 16:37:24.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2406&#31;reute
+f f BC-*****LEAR-SIEGLER-HOL   03-25 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>LEAR SIEGLER HOLDING CORP PLANS TO DIVEST AEROSPACE SUBSIDIARY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15119" NEWID="9598">
+<DATE>25-MAR-1987 16:38:46.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2409&#31;reute
+f f BC-varity   03-25 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VARITY CORP YEAR SHR LOSS 21 CTS VS LOSS 16 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15120" NEWID="9599">
+<DATE>25-MAR-1987 16:39:17.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2411&#31;reute
+r f BC-NORDSON-&lt;NDSN>-SETS-3   03-25 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORDSON &lt;NDSN> SETS 3-FOR-2 SPLIT</TITLE>
+<DATELINE>    WESTLAKE, Ohio, March 25 - </DATELINE><BODY>Nordson Corp said its board
+declared a 3-for-2 stock split to be paid as a 50 pct stock
+dividend on April 30 to shareholders of record April 10.
+    As a result, the number of shares outstanding will increase
+to 10.2 mln from 6.8 mln, the maker of industrial equipment
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15121" NEWID="9600">
+<DATE>25-MAR-1987 16:40:39.53</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2412&#31;reute
+f f BC-******BALDRIGE-SEES-U   03-25 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BALDRIGE SEES U.S. TRADE DEFICIT STARTING TO DECLINE IN FEB OR MARCH DATA
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15122" NEWID="9601">
+<DATE>25-MAR-1987 16:43:59.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2419&#31;reute
+r f BC-S/P-MAY-UPGRADE-WAINO   03-25 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY UPGRADE WAINOCO OIL &lt;WOL></TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Standard and Poor's Corp said it may
+upgrade Wainoco Oil Corp's 25 mln dlrs of C-rated subordinated
+debentures due 1998.
+    S and P cited the company's proposed offering of two mln
+units of common stock and warrants, which would raise 25 mln to
+30 mln dlrs that would be used to retire bank debt.
+    The offering would also result in a significant
+strengthening of the company's capital structure, S and P
+pointed out. However, the agency said it would also consider
+depressed industry conditions and Wainoco's ability to operate
+in that environment. Its implied senior debt rating is CCC.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15123" NEWID="9602">
+<DATE>25-MAR-1987 16:44:10.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2420&#31;reute
+u f BC-U.S.-BUDGET-DIRECTOR   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUDGET DIRECTOR WARNS AGAINST TAX INCREASE</TITLE>
+<DATELINE>    Philadelphia, March 25 - </DATELINE><BODY>The director of the Office of
+Management and Budget James Miller warned that a tax increase
+would jeapordise real U.S. economic growth.
+    "It's a bad idea. We don't need more money to balance the
+budget. We need to reduce spending and avoid things that would
+halt economic expansion," Miller told students at the
+University of Pennsylvania's Wharton School.
+    "I think economic growth could be threatened mightily if we
+have a tax increase or by the perception that we're giving up
+on deficit reduction," he said.
+    Miller criticised a proposal by House speaker Jim Wright to
+put a one pct tax on securities transactions.
+    He said the tax would probably be ineffective because
+people would avoid by holding their portfolios in other
+instruments, like real estate, or simply by not trading as
+often.
+    Miller said he doubted this proposal would pass.
+    "I think it is frankly all but political suicide to
+advocate a tax increase unless the president championed it as
+well," he said. "And he's not going to do it, in fact he would
+veto a tax increase," Miller added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15124" NEWID="9603">
+<DATE>25-MAR-1987 16:45:12.23</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2421&#31;reute
+b f BC-BALDRIGE-SEES-U.S.-TR   03-25 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE SEES U.S. TRADE GAP DROPPING SOON</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+said the U.S. trade deficit should start to decline soon,
+possibly in the figures for February or March.
+    "We could see the trade deficit start down in February or
+March," Baldrige said in an appearance before the Senate
+Governmental Affairs Committee.
+    He predicted the trade deficit, which was 170 billion dlrs
+in 1986, would decline by 30 to 40 billion dlrs in 1987 and in
+1988.
+    Baldrige said he was making his prediction without having
+seen the February trade figures, but he said that the volume of
+imports has dropped beginning with the fourth quarter of 1986
+and will continue to drop in this quarter.
+    The eventual turnaround in the monthly trade figures will
+reflect the impact of the decline in the dollar, Baldrige said.
+    Ealier, Treasury Secretary James Baker told the committee
+that the trade deficit had levelled off, but Baldrige said he
+was more optimistic, adding, "I think we turned the corner in
+February."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15125" NEWID="9604">
+<DATE>25-MAR-1987 16:46:17.80</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2423&#31;reute
+r f BC-NORMAL-WORK-RESUMES-A   03-25 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORMAL WORK RESUMES AT NEW ZEALAND PORTS</TITLE>
+<DATELINE>    WELLINGTON, March 26 - </DATELINE><BODY>Normal work has resumed at New
+Zealand ports as negotiations between harbour board workers and
+employers continue.
+    Wellington Harbour Board Workers' Union secretary Ross
+Wilson told reporters talks late yesterday ended with agreement
+to take unresolved issues before an industrial conciliator.
+    Wilson said the only remaining issue is the length of the
+union award. The dispute originally was about wage rates and
+the form of industry negotiations.
+    Cook Strait ferry sailings resumed after Marlborough
+Harbour Board workers returned to work this morning, ending
+their industrial action a day early.
+    The Waterside Workers' Federation, which struck for most of
+last week and held more than one mln tonnes of shipping in
+ports, meets on Monday and Tuesday in conciliation with the
+Waterfront Employers' Association.
+    Union Secretary Sam Jennings said: "We've got two days of
+talks. If it's not all cleaned up by then ... I don't know what
+will happen."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15126" NEWID="9605">
+<DATE>25-MAR-1987 16:48:08.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2429&#31;reute
+b f BC-VARITY-CORP-&lt;VAT>-4TH   03-25 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARITY CORP &lt;VAT> 4TH QTR JAN 31 LOSS</TITLE>
+<DATELINE>    TORONTO, March 25 -
+    </DATELINE><BODY>Shr loss 13 cts vs loss one ct
+    Net loss 18,600,000 vs profit 3,300,000
+    Revs 394.0 mln vs 351.0 mln
+    YEAR
+    Shr loss 21 cts vs loss 16 cts
+    Net loss 23,300,000 vs profit 3,900,000
+    Revs 1.36 billion vs 1.29 billion
+    Note: Current yr loss includes reorganization charge of
+15.2 mln dlrs vs yr-ago reorganization charge of 17.6 mln dlrs.
+    Shr after preferred divs.
+    U.S. dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15127" NEWID="9606">
+<DATE>25-MAR-1987 16:50:53.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2440&#31;reute
+h f BC-INDIANA-FEDERAL-&lt;IFSL   03-25 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIANA FEDERAL &lt;IFSL> 4TH QTR NET</TITLE>
+<DATELINE>    VALPARAISO, Ind., March 25 -
+    </DATELINE><BODY>Net 492,000 vs 677,000
+    Year
+    Net 2,650,000 vs 2,566,000
+    NOTE: Company's full name is Indiana Federal Savings and
+Loan Association. Per share information not available. Bank
+went public on February 11, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15131" NEWID="9607">
+<DATE>25-MAR-1987 16:51:57.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2444&#31;reute
+u f BC-LEAR-SIEGLER-HOLDING   03-25 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEAR-SIEGLER HOLDING TO DIVEST AEROSPACE UNIT</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Forstmann Little and Co said Lear
+Siegler Holding Corp plans to divest its aerospace group
+subsidiary, comprised of the Defense Electronics Group and the
+Components Group.
+    Divestitures had been expected since Lear-Siegler, a
+diversified conglomerate, was acquired last December in a 2.1-
+billion-dlr-leveraged buyout by the Wall Street firm of
+Forstmann Little.
+    Lear's aerospace group revenues for fiscal 1987 are
+expected to be about 700 mln dlrs, said Forstmann.
+    The Defense Electronics Group designs and manufactures
+weapons, management systems, flight control systems, remotely
+piloted vehicles and reference and navigation systems, mainly
+for military markets.
+    The Defense Group subsidiaries are Astronics Corp, which is
+based in Santa Monica, Calif., and employs 1,076 people;
+Instrument and Avionic Systems Corp, based in Grand Rapids,
+Mich., and employs 3,479 people; International Corp, based in
+Stamford, Conn., and employs 266 people; and Development
+Sciences Corp, based in Ontario, Calif., and employs 237
+people.
+    The Components Group manufactures pumps, bearings, and
+other industrial components as well as nuclear control drive
+rod mechanisms and valves.
+    The Group's subsidiaries include Power Equipment Corp,
+based in Cleveland, which employs 880 people; Energy Products
+Corp, based in Santa Ana, Calif., which employs 755 people; 
+Romek Corp, based in Elyria, Ohio, which employs 262 people;
+and Transport Dynamics in Santa Ana, which employs 254 people.
+    Overall, Lear's Aerospace Group's eight subsidiaries
+employs 7,200 people.
+    Lear Siegler said it plans to retain Management Services
+Corp, engaged in aircraft maintenance modification for various
+Department of Defense agencies.
+    Morgan Stanley and Co will act as financial advsiors for
+the group's divestitures.
+    Last month, Lear Siegler said it planned to sell its Smith
+and Wesson handgun business, Starcraft Recreational Products
+Ltd, the Peerless truck trailer operations, and other units, as
+part of its restructuring plans.
+    Lear apparently will retain its Piper Aircraft unit.
+     Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15128" NEWID="9608">
+<DATE>25-MAR-1987 16:54:47.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2456&#31;reute
+d f BC-RUBBERMAID-&lt;RBD>-COMP   03-25 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUBBERMAID &lt;RBD> COMPLETES ACQUISITIONS</TITLE>
+<DATELINE>    WOOSTER, Ohio, March 25 - </DATELINE><BODY>Rubbermaid Inc said it completed
+the previously announced acquisitions of Viking Brush Ltd, a
+Canadian maker of brushes, brooms and other cleaning aids, and
+the Little Tikes' manufacturing licensee in Ireland.
+    Terms were not disclosed.
+    The acquisition of the Tikes' licensee is part of the
+expansion of Little Tikes in the European toy market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15129" NEWID="9609">
+<DATE>25-MAR-1987 16:59:14.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2468&#31;reute
+r f BC-KANSAS-POWER-AND-LIGH   03-25 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS POWER AND LIGHT &lt;KAN> CHAIRMAN LEAVING</TITLE>
+<DATELINE>    TOPEKA, Kan., March 25 - </DATELINE><BODY>Kansas Power and Light Co said it
+will name a successor on or before May 5 to its outgoing
+chairman and chief executive officer William Wall.
+    Wall, who will assume the position of chairman and chief
+executive officer at Asbestos Claims Facility, will fill the
+positions which have been vacant for several months, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15130" NEWID="9610">
+<DATE>25-MAR-1987 17:02:21.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2473&#31;reute
+r f BC-CRYSTAL-OIL-CO-&lt;COR>   03-25 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRYSTAL OIL CO &lt;COR> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 25 - 
+    </DATELINE><BODY>Oper shr loss 16 cts vs loss 44 cts
+    Oper net loss 8,926,000 vs loss 14.4 mln
+    Revs 9,920,000 vs 21.2 mln
+    Year
+    Oper shr loss 4.30 dlrs vs loss 2.24 dlrs
+    Oper net loss 221.8 mln vs loss 53.7 mln
+    Revs 51.4 mln vs 94.4 mln
+    Note: Oper net excludes losses from discontinued operations
+of 228,000 dlrs vs 4,253,000 dlrs for qtr and 10.4 mln dlrs vs
+14.2 mln dlrs for year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15132" NEWID="9611">
+<DATE>25-MAR-1987 17:05:21.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2480&#31;reute
+d f BC-CHEMFIX-TECHNOLOGIES   03-25 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMFIX TECHNOLOGIES &lt;CFIX> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    NEW ORLEANS, March 25 -
+    </DATELINE><BODY>Shr profit one ct vs loss four cts
+    Net profit 53,040 vs loss 255,568
+    Rev 2,252,246 vs 755,605
+    Six months
+    Shr profit three cts vs loss eight cts
+    Net profit 217,884 vs loss 517,538
+    Rev 4.9 mln vs 1.6 mln
+    NOTE: Company's full name is Chemfix Technologies Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15133" NEWID="9612">
+<DATE>25-MAR-1987 17:05:35.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2481&#31;reute
+s f BC-FEDERAL-MOGUL-CORP-&lt;F   03-25 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL-MOGUL CORP &lt;FMO> SETS REGULAR DIVIDEND</TITLE>
+<DATELINE>    SOUTHFIELD, Mich., March 25 - 
+    </DATELINE><BODY>Qtly div 40 cts vs 40 cts prior
+    Pay June 10
+    Record May 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15134" NEWID="9613">
+<DATE>25-MAR-1987 17:08:43.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2490&#31;reute
+s f BC-IOWA-RESOURCES-INC-&lt;I   03-25 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IOWA RESOURCES INC &lt;IOR> DECLARES QTLY DIVIDEND</TITLE>
+<DATELINE>    DES MOINES, March 25 -
+    </DATELINE><BODY>Qtly div 41 cts vs 41 cts prior
+    Pay May 1
+    Record April 8
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15135" NEWID="9614">
+<DATE>25-MAR-1987 17:10:12.87</DATE>
+<TOPICS><D>crude</D><D>gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2492&#31;reute
+f f BC-wkly-distillate   03-25 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EIA SAYS DISTILLATE STOCKS OFF 3.2 MLN BBLS, GASOLINE UP 2.2 MLN, CRUDE UP 7.5 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15136" NEWID="9615">
+<DATE>25-MAR-1987 17:10:22.52</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2493&#31;reute
+u f BC-U.S.-HOME-RESALES-UP   03-25 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOME RESALES UP IN FEBRUARY, REALTORS SAY</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The National Association of Realtors
+said sales of previously owned homes rose six pct during
+February from January levels to a seasonally adjusted annual
+rate of 3.69 mln units.
+    The realtors' group said the sales rise was apparent across
+the country and reflected lower mortgage interest rates as well
+as more housing demand.
+    Actual resales of homes during February totaled 241,000, up
+11.6 pct from the January total of 216,000, the association
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15137" NEWID="9616">
+<DATE>25-MAR-1987 17:11:10.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2496&#31;reute
+r f BC-EL-PASO-ELECTRIC-&lt;ELP   03-25 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EL PASO ELECTRIC &lt;ELPA> TO BUY BACK BONDS</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>El Paso Electric Co said it plans to
+redeem its 40 mln dlrs of 16.35 pct first mortgage bonds of
+1991 and 60 mln dlrs of 16.20 pct first mortgage bonds of 2012.
+    It will buy back at par plus accrued interest the 16.35 pct
+issue in May and the 16.20 pct bonds after August one.
+    El Paso Electric will use proceeds of about 684.4 mln dlrs
+from sales and leasebacks, completed in 1986, of its entire
+ownership interest in Palo Verde nuclear generating station
+Unit 2 to redeem the double-digit debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15138" NEWID="9617">
+<DATE>25-MAR-1987 17:11:51.77</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2498&#31;reute
+u f BC-LOWER-U.S.-SOYBEAN-LO   03-25 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWER U.S. SOYBEAN LOAN IDEA SHARPLY CRITICIZED</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>U.S. soybean lobbyists and
+congressional aides criticized a proposal from a senior
+Agriculture Department official that Congress allow the U.S.
+soybean loan level to be officially lowered to 4.56 dlrs per
+bushel next year.
+    "I don't know who in Congress would propose that happening.
+Politically it would be totally unacceptable," an aide to a
+senior farm-state senator said.
+    USDA undersecretary Daniel Amstutz said this week that
+Congress should give USDA authority to keep the soybean loan 
+at its current effective rate of 4.56 dlrs per bushel rather
+than increasing it to its minimum allowed level of 4.77 dlrs.
+    "I'm convinced that Congress will not go along with this,"
+American Soybean Association President Dave Haggard said.
+    Amstutz told reporters following a senate hearing that if
+the soybean loan rate were 4.56 dlrs, USDA could then consider
+ways to make U.S. soybeans more competitive.
+    His comments were seen as possibly indicating what the  the
+administration's position is in the debate over what should be
+done to make soybeans competitive and at the same time protect
+soybean farmers' income.
+    Using soybean specific certificates to further buydown the
+loan rate or implementation of a marketing loan have been
+pointed to as the most effective ways to get soybean prices
+competitive. USDA secretary Richard Lyng, however, continues to
+maintain his opposition to a marketing loan, saying such a move
+would be too costly.
+    "There will be alot of other options that will be
+considered before Congress looks at that one (the Amstutz
+proposal," said Bill O'Conner, aide to Rep. Edward Madigan
+(R-Ill), ranking minority leader of the Agriculture Committee.
+    "Anybody representing large groups of soybean producers
+would not be very excited about supporting a lower soybean
+loan," O'Conner said.
+    Congress may very likely look at the soybean loan and
+decide that they cannot increase it from its current 5.02 dlr
+basic rate, but that there has to be something mandated to
+increase soybean's competitiveness, David Graves, aide to Sen.
+Thad Cochran (R-Miss) said. Cochran, a staunch supporter of a
+soybean marketing loan, would support a soybean loan of 5.02 or
+4.77 dlrs with a certificate buydown, Graves said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15139" NEWID="9618">
+<DATE>25-MAR-1987 17:12:39.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2501&#31;reute
+r f BC-FIDUCIARY-TRUST-CO-IN   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIDUCIARY TRUST CO IN FIVE-FOR-ONE STOCK SPLIT</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>&lt;Fiduciary Trust Co International>
+said its shareholders at the annual meeting approved a
+five-for-one stock split effective May 15, 1987, to holders of
+record on April 15, 1987.
+    The company said the split would increase the number of
+authorized common shares from 440,000 to 2,200,000 shares
+issued. In addition, the company said it authorized another
+800,000 shares, but would not issue them at this time.
+    The company also changed the stock's par value from 10 dlrs
+a share to 2.50 dlrs a share.
+    It explained it transferred 1,100,000 dlrs from its
+undivided profits account to its capital account in order to
+raise the new par value from two dlrs, under the five-for-one
+split, to 2.50 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15140" NEWID="9619">
+<DATE>25-MAR-1987 17:13:39.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2505&#31;reute
+d f BC-MODULAIRE-&lt;MODX>-BUYS   03-25 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MODULAIRE &lt;MODX> BUYS BOISE HOMES PROPERTY</TITLE>
+<DATELINE>    SAN FRANCISCO, March 25 - </DATELINE><BODY>Modulaire Industries said it
+acquired the design library and manufacturing rights of
+privately-owned Boise Homes for an undisclosed amount of cash.
+    Boise Homes sold commercial and residential prefabricated
+structures, Modulaire said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15141" NEWID="9620">
+<DATE>25-MAR-1987 17:15:33.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f2512&#31;reute
+f f BC-******U.S.-HOUSE-PANE   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. HOUSE PANEL ADOPTS BILL THAT COULD BAR JAPANESE PRIMARY DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15142" NEWID="9621">
+<DATE>25-MAR-1987 17:16:27.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2513&#31;reute
+u f BC-LITTLE-SUPPORT-FOR-MA   03-25 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLE SUPPORT FOR MANDATORY ACREAGE CUTS - LYNG</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said he believes proposed legislation calling for
+mandatory acreage reductions has little support in Congress and
+voiced Reagan administration opposition to it.
+    "The administration would be very much opposed to that
+legislation," he told a Virginia Farm Bureau lunch.
+    "But fortunately I don't detect a strong interest in that
+legislation." He added, "I doubt there will be (enough) support
+to get it out."
+    The controversial bill, supported by Representative Richard
+Gephardt, a Missouri Democrat, calls for a national referendum
+to be conducted that could result in mandatory unpaid acreage
+cuts of up to 35 pct, paid land diversion beyond that level if
+necessary and a marketing quota.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15143" NEWID="9622">
+<DATE>25-MAR-1987 17:16:49.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2514&#31;reute
+r f BC-UAL-&lt;UAL>-UNIT-LINKS   03-25 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL &lt;UAL> UNIT LINKS RESERVATION SERVICE</TITLE>
+<DATELINE>    CHICAGO, March 25 - </DATELINE><BODY>UAL Inc, which on May 1 becomes Allegis
+Corp, said it established a direct communications link between
+its Apollo Services reservations system and Budget Rent a Car,
+Hilton Hotels and Hilton International Hotels.
+    Under the new system, all Budget, Hilton and Hilton
+International hotel reservations made through Apollo, which is
+owned by UAL's Covia Corp, will pass the ARINC system and speed
+up time it takes to complete a traveler's reservation, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15144" NEWID="9623">
+<DATE>25-MAR-1987 17:17:37.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2518&#31;reute
+b f BC-DANA-CORP-&lt;DCN>-DEBT   03-25 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANA CORP &lt;DCN> DEBT LOWERED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded Dana Corp's 900 mln dlrs of debt securities.
+    Cut were Dana's senior debentures, industrial revenue bonds
+and medium-term notes to A-minus from A, and commercial paper
+of Dana and its unit Dana Credit Corp to A-2 from A-1.
+    S and P said Dana's management plans an aggressive stock
+repuchase which would result in a significantly more leveraged
+capital structure. The combination of higher debt levels and
+ongoing stock repurchases, about 12 mln shares in the past two
+years financed mainly with debt, bring debt leverage to 48 pct
+as of December 31, 1986 from 30 pct the year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15145" NEWID="9624">
+<DATE>25-MAR-1987 17:18:18.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2520&#31;reute
+r f BC-MINNESOTA-POWER-&lt;MPL>   03-25 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNESOTA POWER &lt;MPL> SELLS SEVEN-YEAR BONDS</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Minnesota Power and Light Co is
+raising 55 mln dlrs through an offering of first and refunding
+mortgage bonds due 1994 with a 7-3/4 pct coupon and par
+pricing, said sole manager PaineWebber Inc.
+    That is 68 basis points more than the yield of comparable
+Treasury securities.
+    Non-callable for five years, the issue is rated A-2 by
+Moody's Investors Service Inc and A-plus by Standard and Poor's
+Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15146" NEWID="9625">
+<DATE>25-MAR-1987 17:19:21.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2521&#31;reute
+r f BC-LA-QUINTA-MOTOR-INNS   03-25 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LA QUINTA MOTOR INNS INC&lt;LQM>3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, March 25 - 
+    </DATELINE><BODY>Shr profit 25 cts vs loss nine cts
+    Net profit 3,433,000 vs loss 1,310,000
+    Revs 37.1 mln vs 39.0 mln
+    Nine mths
+    Shr profit 28 cts vs profit 27 cts
+    Net profit 3,883,000 vs profit 3,908,000
+    Revs 133.2 mln vs 132.0 mln
+    Avg shrs 13.8 mln vs 14.2 mln
+    Note: Current net includes gain on sale of 31 inns of
+7,719,000 dlrs for qtr and 7,975,000 dlrs for nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15147" NEWID="9626">
+<DATE>25-MAR-1987 17:20:20.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2524&#31;reute
+b f BC-KANSAS-CITY-SOUTHERN   03-25 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>KANSAS CITY SOUTHERN INDUSTRIES SAYS IT EAGER TO PURCHASE SOUTHERN PACIFIC RAILROAD
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15148" NEWID="9627">
+<DATE>25-MAR-1987 17:21:09.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2527&#31;reute
+u f BC-FNMA-ANNOUNCES-10-AND   03-25 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FNMA ANNOUNCES 10 AND 20-YEAR MORTGAGE PRODUCTS</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The Federal National Mortgage
+Association said it will begin purchasing 10 and 20-year fixed
+rate mortgages in addition to 15 and 30 year mortgages.
+    It said the new intermediate term mortgage purchase
+programs are designed to offer home buyers more home financing
+flexibility.
+    Edward J. Pinto, FNMA's Senior Vice President, said
+intermediate term mortgages offer "lower interest rates,
+substantial interest savings, lower inflation rates and, in
+many cases, faster equity build-up" than longer-term mortgages.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15149" NEWID="9628">
+<DATE>25-MAR-1987 17:22:23.14</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2532&#31;reute
+d f BC-U.S.-CHIPMAKERS-URGE   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CHIPMAKERS URGE SANCTIONS AGAINST JAPAN</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The Semiconductor Industry
+Association urged the U.S. government to impose trade sanctions
+against Japan for violating the U.S.-Japan Semiconductor Trade
+Agreement.
+    In a letter to Treasury Secretary James Baker the group
+said sanctions should be imposed against Japanese chipmakers as
+of April 1 and should continue until the United States is
+satisfied that there is full compliance with the agreement.
+    The group said action by Japan to cut back on semiconductor
+exports is not what is required.
+    "America's interests require that agreements be honored and
+that U.S. industries not bear the burden for the persistent
+unwillingness or inability of the government of Japan to
+deliver on its commitments," the trade group said.
+    The White House Economic Policy Council is expected to
+discuss possible sanctions against Japan at a meeting scheduled
+for Thursday.
+    The trade group said Japan has not lived up to the terms of
+the agreement last year which was aimed at ending Japanese
+dumping of semiconductors and at opening Japanese markets to
+foreign-based manufacturers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15150" NEWID="9629">
+<DATE>25-MAR-1987 17:25:22.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2543&#31;reute
+b f BC-/U.S.-LEGISLATION-COU   03-25 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LEGISLATION COULD BAR JAPANESE DEALERS</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The House Banking Committee approved
+legislation to bar foreign securities firms from designation as
+primary dealers in U.S. government securities unless the
+relevant foreign government allows U.S. securities firms the
+same trading rights.
+    The impact of the proposed legislation would be on three
+Japanese securities firms already doing business in the U.S.,
+an aide to the sponsor of the provision Rep. Charles Schumer
+said. Japan would have six months to open its government
+securities markets to U.S. firms before the ban would start.
+Other foreign firms would meet the test of reciprocal access.
+    The legislation was approved as part of a major trade bill,
+which the House will consider next month. The bill also has to
+be considered by the Senate and signed by the president.
+    The three Japanese firms are Nomura Securities Co. and
+Daiwa Securities Co., which received approval from the U.S.
+Federal Reserve Board to serve as primary dealers, and Aubrey
+G. Lanston Co., owned by the Industrial Bank of Japan.
+    Schumer, a New York Democrat, said the Fed would not be
+allowed to designate any new firms as primary dealers unless
+their government allows reciprocal access to U.S. companies.
+Both the House and Senate Banking Committees opposed the Fed
+action on the two Japanese firms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15151" NEWID="9630">
+<DATE>25-MAR-1987 17:28:31.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2546&#31;reute
+u f BC-BOLIVIAN-DEBT-BUYBACK   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIVIAN DEBT BUYBACK PLAN GAINS GROUND</TITLE>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>Bolivia's proposal to repurchase at a
+deep discount the 900 mln dlrs it owes to foreign commercial
+banks is likely to be accepted, central bank governor Javier
+Nogales Iturri said.
+    Speaking to reporters at the annual meeting of the
+Inter-American Development Bank (IADB) here, Nogales said
+Bolivia's bank advisory committee, led by Bank of America, is
+seeking permission from creditor banks worldwide to go ahead
+with the scheme. More than 50 pct of the banks must give their
+approval, and Nogales said he is confident that this threshold
+will be reached.
+    "It's working out very well, and I think we'll get clear
+majority," Nogales said.
+    A senior banker working on the deal also said that banks
+are responding positively and said all the legal waivers
+necessary could be obtained within two months.
+    Bolivia halted all payments on its commercial bank debt in
+March 1984. Hyperinflation has been curbed and public spending
+trimmed, but its debt is still trading as low as 10 cts on the
+dollar on the secondary market and many banks have written off
+most, if not all, of their loans to the country.
+    Bankers see little chance for a substantive recovery in
+Bolivia's economic fortunes and so are willing to collect what
+they can on the loans.
+    Nogales said Bolivia would offer to buy back the debt at a
+market price. He said some banks might want to hold out for a
+higher price, but others would see the repurchase offer as a
+window of opportunity to cut their losses.
+    Bolivia intends to pay for the repurchase with aid that
+foreign governments, especially the United States and West
+Germany, are providing to help finance the eradication of coca
+crops. Cocaine, although illegal, is Bolivia's largest export.
+    The campaign to persuade farmers to grow legal crops
+instead of coca would be financed instead using local currency,
+Nogales said.
+    Because the fiscal deficit has been reduced to some four
+pct of gross domestic product, money supply could be increased
+to pay for the drug-eradication drive without too much of n
+impact on inflation, he added.
+    Nogales said he did not expect Bolivia's debt repurchase to
+become a model for other debtors in dire straits. "We're not
+seeking a universal solution," he said."             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15152" NEWID="9631">
+<DATE>25-MAR-1987 17:28:44.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2547&#31;reute
+u f BC-pdvsa-chooses-arco-ag   03-25 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PDVSA PICKS ARCO-AGIP CONSORTIUM IN COAL VENTURE</TITLE>
+<DATELINE>    CARACAS, March 25 - </DATELINE><BODY>Petroleos de Venezuela S.A. chose a
+consortium formed by Atlantic Richfield Co &lt;ARC> and Italy's
+Agip-Carbone to exploit the coal deposits at Guanare in western
+Zulia state, PDVSA president Juan Chacin Guzman said.
+    Chacin said PDVSA will sign a letter of intent next month
+to form a partnership with the consortium, which consists of
+Arco's Venezuelan subsidiary ACC Venezuela Inc, and Agip, a
+subsidiary of Italy's &lt;Eni>.
+    He said the consortium, which will own 48 pct of the joint
+venture, may be expanded later to include Carboex of Spain.
+PDVSA will have controlling interest of 49 pct in Carbozulia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15153" NEWID="9632">
+<DATE>25-MAR-1987 17:30:52.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2549&#31;reute
+f f BC-******S/P-DOWNGRADES   03-25 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P DOWNGRADES CHASE, CHEMICAL, IRVING, MANUFACTURERS, MELLON AND SECURITY PACIFIC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15154" NEWID="9633">
+<DATE>25-MAR-1987 17:32:04.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2551&#31;reute
+r f BC-ICN-&lt;ICN>-SAYS-KODAK   03-25 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICN &lt;ICN> SAYS KODAK SALE WILL NOT AFFECT R/D</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 25 - </DATELINE><BODY>ICN Pharmaceutical Inc said
+it did not view Eastman Kodak Co's &lt;EK> decision to sell its
+2.3 pct share of ICN's common stock as having any effect on the
+status of its drug ribavirin or the previously reported ongoing
+development of that drug in the antiviral field.
+    ICN recently submitted data to the Food and Drug
+Administration on studies using its antiviral drug ribavirin
+for treating some AIDS-related disorders.
+    In a statement, ICN also said the sale will not effect its
+previously announced plans to seek an acquisition of a major
+pharmaceutical company.
+    ICN also said the planned sale will have no effect on its
+long-term research partnership with Kodak and Kodak's continued
+funding of the Nucleic Acid Research Institute.
+    Two years ago Kodak agreed to invest 45 mln dlrs over six
+years to form and operate a venture with ICN to explore new
+biomedical compounds. It acquired a 2.3 pct stake in ICN as a
+result of that agreement.
+    ICN said Kodak today confirmed to ICN its continuing
+confidence in the progress of the joint project.
+    ICN also said although there were discussions today between
+ICN and Kodak regarding a private sale of the shares to ICN, no
+decision has been made on this matter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15155" NEWID="9634">
+<DATE>25-MAR-1987 17:33:23.27</DATE>
+<TOPICS><D>crude</D><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2554&#31;reute
+u f BC-RECENT-U.S.-OIL-DEMAN   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECENT U.S. OIL DEMAND UP 0.1 PCT FROM YEAR AGO</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>U.S. oil demand as measured by
+products supplied rose 0.1 pct in the four weeks ended March 20
+to 16.16 mln barrels per day from 16.15 mln in the same period
+a year ago, the Energy Information Administration (EIA) said.
+    In its weekly petroleum status report, the Energy
+Department agency said distillate demand was off 0.1 pct in the
+period to 3.258 mln bpd from 3.260 mln a year earlier.
+    Gasoline demand averaged 6.72 mln bpd, off 1.2 pct from
+6.80 mln last year, while residual fuel demand was 1.38 mln
+bpd, off 2.1 pct from 1.41 mln, the EIA said.
+    Domestic crude oil production was estimated at 8.35 mln
+bpd, down 7.8 pct from 9.06 mln a year ago, and gross daily
+crude imports (excluding those for the SPR) averaged 3.44 mln
+bpd, up 16.3 pct from 2.95 mln, the EIA said.
+    Refinery crude runs in the four weeks were 11.90 mln bpd,
+up 1.4 pct from 11.74 mln a year earlier, it said.
+    In the first 78 days of the year, refinery runs were up 1.8
+pct to an average 12.25 mln bpd from 12.04 mln in the year-ago
+period, the EIA said.
+    Year-to-date demand for all petroleum products averaged
+16.32 mln bpd, up 1.8 pct from 16.04 mln in 1986, it said.
+    So far this year, distillate demand rose 0.1 pct to 3.31
+mln bpd from 3.30 mln in 1986, gasoline demand was 6.60 mln
+bpd, up 0.1 pct from 6.59 mln, and residual fuel demand fell
+0.4 pct to 1.42 mln bpd from 1.43 mln, the EIA said.
+    Year-to-date domestic crude output was estimated at 8.41
+mln bpd, off 7.7 pct from 9.11 mln a year ago, while gross
+crude imports averaged 3.96 mln bpd, up 28.1 pct from 3.09 mln,
+it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15156" NEWID="9635">
+<DATE>25-MAR-1987 17:37:31.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f2572&#31;reute
+b f BC-******FED-APPROVES-CH   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED APPROVES CHEMICAL BANK ACQUISITION OF TEXAS COMMERCE BANCSHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15157" NEWID="9636">
+<DATE>25-MAR-1987 17:38:22.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>argentina</D><D>brazil</D><D>mexico</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f2574&#31;reute
+b f BC-/S/P-DOWNGRADES-SIX-U   03-25 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P DOWNGRADES SIX U.S. MONEY CENTER BANKS</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded six U.S. money center bank holding companies,
+affecting about 13.3 billion dlrs of debt securities.
+    They are Chase Manhattan Corp &lt;CMB>, Chemical New York Corp
+&lt;CHL>, Irving Bank Corp &lt;V>, Manufacturers Hanover Corp &lt;MHC>,
+Mellon Financial Corp &lt;MEL> and Security Pacific Corp &lt;SPC>.
+    S and P said the action on Chase, Chemical, Irving and
+Manufacturers primarily reflected continued vulnerability to
+lesser developed countries and median financial performance.
+    Standard and Poor's said its downgrade of Chemical also
+reflected that holding company's acquisition of Texas Commerce
+Bancshares &lt;TCB>, which was just now approved by the Federal
+Reserve.
+    For Mellon and Security Pacific, S and P cited higher
+non-performing assets and weaker operating earnings.
+    The rating agency said it completed a review, based on 1986
+results, of the largest U.S. bank holding companies. It paid
+special attention to reassessing the effect of exposures to
+lesser developed countries on the holding companies' earnings
+and capital.
+    "Brazil's unilateral moratorium on debt service payments
+underscored the potential for polarization between bankers and
+debtor countries," S and P said.
+    S and P noted that while Argentina, Brazil, Mexico and
+Venezuela each face unique economic problems, the lack of
+progress toward moderating their debt service burdens has been
+disappointing.
+    However, the agency pointed out that a substantive
+improvement in the large banks' financial positions has acted
+as a counter-balance to the Latin American debt situation.
+    Citing increasing financial strength, S and P said it
+affirmed the debt ratings of Citicorp &lt;CCI>, Bankers Trust New
+York Corp &lt;BT>, Bank of Boston Corp &lt;BKB> and J.P. Morgan and
+Co Inc &lt;JPM>.
+    S and P noted that most U.S. bank holding companies have
+what it termed easily realizable capital resources available to
+them, such as undervalued real estate, appreciated portfolio
+securities and overfunded pension plans.
+    "Most bank managements appear committed to improving the
+quality of their balance sheets," S and P said, noting many now
+emphasize long-term strategies over short-term earnings.
+    Standard and Poor's reduced Chase Manhattan's senior debt
+to AA-minus from AA, subordinated debt to A-plus from AA-minus
+and preferred stock to A from A-plus. The commercial paper of
+the parent and its unit Chase Manhattan Bank of Canada were
+affirmed at A-1-plus.
+    Chase has 3.2 billion dlrs of debt outstanding. It has 6.4
+billion dlrs of loans to Argentina, Brazil, Mexico and
+Venezuela - one of the highest exposures to lesser developed
+countries among U.S. money centers.
+    Chase's underlying profitability remains at median levels
+because of its high expense structure, S and P said.
+    S and P cut Chemical's and the unit Chemical New York
+N.V.'s senior debt to AA-minus from AA and subordinated debt to
+A-plus from AA-minus.
+    About 1.2 billion dlrs of long-term debt was affected.
+    The agency cited Chemical's relatively large exposure to
+Latin American borrowers, particulary Brazil and Mexico,
+continued high levels of nonperforming assets and the pending
+acquisition of Texas Commerce.
+    Aggregate exposure to Argentina, Brazil, Mexico and
+Venezuela was almost four billion dlrs at year-end 1986, or 105
+pct of equity and reserves, S and P pointed out.
+    Irving's senior debt was reduced to A-plus from AA-minus,
+with subordinated debt and preferred stock lowered to A from
+A-plus. Its commercial paper was affirmed at A-111-1plus.
+    Irving has about 500 mln dlrs of debt outstanding. Its
+approximately 1.4 billion dlrs of loans to the four major Latin
+debtor countries account for 110 pct of year-end equity and
+reserves.
+    S and P downgraded Manufacturers Hanover's senior debt to A
+from A-plus, subordinated debt to A-minus from A and preferred
+stock to BBB-plus from A-minus but affirmed its A-1 commercial
+paper. The bank has 3.8 billion dlrs of debt.
+    S and P noted that Manufacturers has about 6.7 billion dlrs
+of loans to the major Latin debtor nations and has experienced
+weak earnings.
+    However, the unit CIT Group Holdings Inc's AA-minus senior
+debt and A-1-plus commercial paper were affirmed.
+    The rating agency cut Mellon's senior debt to A-plus from
+AA and preferred stock to A from AA-minus. It has 1.1 billion
+dlrs of debt securities.
+    The commercial paper programs of Mellon Bank Canada and
+Mellon Australia Ltd, guaranteed by the parent company, were
+lowered to A-1 from A-1-plus.
+    S and P cited continued lower operating earnings and rising
+nonperforming assets and charge-offs for Mellon.
+    Security Pacific's 1.7 billion dlrs of debt was downgraded.
+Cut were its senior debt to AA from AA-plus, and subordinated
+debt and preferred stock to AA-minus from AA.
+    Security Pacific Overseas Finance N.V.'s debt issues were
+reduced to AA from AA-plus. Affirmed were the parent's A-1-plus
+commercial paper and the BBB-rated debt of the unit Security
+Pacific Financial Systems.
+    These actions reflected Security Pacific's continued high
+levels of nonperforming assets and charge-offs, S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15158" NEWID="9637">
+<DATE>25-MAR-1987 17:39:49.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2576&#31;reute
+r f BC-KANSAS-CITY-SOUTHERN   03-25 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY &lt;KSU> READY TO BUY SOUTHERN PACIFIC</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Kansas City Southern Industries Inc
+said it is ready to promptly purchase the Southern Pacific
+Transportation Co from Santa Fe Southern Pacific Corp &lt;SFX> if
+the Interstate Commerce Commission rejects Sante Fe's attempt
+to reopen the merger of Southern and the Atchison, Tokepa and
+Santa Fe Railway.
+    In a filing with the ICC late today, the company outlined
+four conditions of its offer to acquire Southern Pacific.
+    Among the conditions are that Santa Fe enter into an
+agreement to indemnify Kansas City for any contigent liabilites
+of Southern Pacific existing as of the closing date, and that
+the financial condition of Southern remain largely unchanged
+from today onward.
+    "We are willing, even eager, to make a fair market value
+offer in cash for the Southern Pacific," said Kansas City
+Southern president and chief executive officer Landon H.
+Rowland.
+    "This offer disproves the constant derogation of the
+Sourthern Pacific by SFSP management, best exemplified by SFSP
+Chief Executive John Schmidt's comment in ICC hearings that the
+Southern Pacific was 'bankrupt,'" said Rowland.
+    He said that merging Southern with Kansas City will achieve
+the benefits of an end-to-end merger while preseving the
+independece of the Southern Pacific versus its existing prime
+competitor, Santa Fe.
+    Kansas said that Southern's management had estimated the
+value of the railroad in 1983 in the range of 281 mln dlrs to
+1.2 billion dlrs.
+    It said that Morgan Stanley and Co Inc and Salomon Brothers
+Inc, hired in 1983 to advise Southern and Santa Fe in their
+merger, appraised Southern as worth between 500 mln dlrs and
+800 mln dlrs less than Southern's own internal valuations.
+    Kanasa City Southern said it will make an offer for
+Southern after its books, records and properties are examined.
+    "Once that examination has been completed (and even in the
+absence of a willingnes of SFSP to negotiate) KCSI will make an
+offer in writing...." said the company.
+    Kansas also said it argued in the ICC filing that Santa Fe
+had not met the legal requirements justifying the Commission's
+reconsideration of the proposed merger of Santa Fe and Southern
+Pacific, two railroads that it said basically parallel each
+other throughout their routes.
+    ICC voted four to one last summer to reject the merger as
+inherently anticompetitive. Kansas said Santa Fe in petitioning
+for reconsideration now argues that the trackage agreements
+with the Union Pacific, the Denver and Rio Grande Western and
+other railroads, adds to the value of the merger.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15159" NEWID="9638">
+<DATE>25-MAR-1987 17:46:02.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2592&#31;reute
+u f BC-GENCORP-&lt;GY>-BID-COUL   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> BID COULD BE RAISED, GROUP SAYS</TITLE>
+<AUTHOR>    BY CAL MANKOWSKI, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>An investor group said it might be
+willing to raise its 100 dlr per share offer for GenCorp but so
+far the company has turned down requests for a meeting.
+    "We might be able to see some additional value if we could
+meet" and get more financial data, said Joel Reed, speaking for
+the investor group.
+    Reed told Reuters that GenCorp chairman A. William Reynolds
+"was not interested in sitting down and talking with us at this
+time." Cyril Wagner sought the meeting in a recent telephone
+conversation with Reynolds, Reed said.
+    Wagner and Brown, along with AFG Industries Inc &lt;AFG>,
+recently launched a surprise tender offer for GenCorp. The
+offer is worth 2.23 billion dlrs.
+    Reed said under the circumstances the 100 dlr per share
+tender offer, which expires April 15, is a fair offer. GenCorp
+gained 3-1/2 to 114 today on the NYSE.
+    Reed outlined a plan to reshape GenCorp in the event his
+group wins control. He said aerospace, soft drink bottling and
+entertainment units are potential divestiture candidates. He
+said the tire business, which the group wants to keep, may be
+more viable if merged with another tire company.
+    "One option would be to try to grow the tire business
+through combination or an acquisition," Reed said. He said he
+believes such a merger could create a stronger force in the
+tire industry.
+    Gary Miller, chief financial officer of AFG, said his
+company has a record of acquiring mature businesses and
+boosting productivity. Automation and incentives tied to profit
+sharing have been used with success, he said.
+    In the case of GenCorp's RKO General broadcasting stations,
+Reed said the plan of the partners is to step into GenCorp's
+shoes and proceed with plans to  sell the stations.
+    The partners said if they succed in acquiring GenCorp they
+intend to consummate sale of WOR-TV in New York to MCA Inc
+&lt;MCA>. GenCorp last year entered into an agreement to sell the
+station for 387 mln dlrs.
+    The partners also said if they acquire Gencorp they would
+also proceed with the proposed sale of KHJ-TV in Los Angeles to
+Walt Disney Co &lt;DIS>. RKO General would receive 217 mln dlrs
+and Fidelilty Television, which challenged the license, would
+get about 103 mln dlrs.
+    The partners also said the Federal Communications
+Commission established an expedited schedule for receiving
+comments on their request for special temporary authorization
+of proposed trust arrangements while the FCC considers a formal
+application for transfer of the broadcast unit.
+    Reed said he was pleased with the expedited schedule
+because it provides time for the agency to act on the request
+before the expiration of the tender offer.
+    He said it was the aim of the partners to move as quickly
+as possible to eliminate uncertainty surrounding the stations.
+    Asked about criticism of the takeover attempt voiced by
+some municipal officials in Akron, Ohio, where GenCorp is
+headquartered, Reed said, "the plan of the partners offers long
+term growth for Ohio."
+    He noted that the aerospace business, slated for
+divestiture under the partners' plan, is located in California.
+"Our program is one that overall would provide the greatest
+long term growth for all segments," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15160" NEWID="9639">
+<DATE>25-MAR-1987 17:48:59.91</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2599&#31;reute
+r f BC-UNOCAL-&lt;UCL>-PLANS-IN   03-25 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOCAL &lt;UCL> PLANS INCREASE IN CAPITAL SPENDING</TITLE>
+<DATELINE>    LOS ANGELES, March 25 - </DATELINE><BODY>Unocal Corp said it intends to
+increase its spending for capital projects to 929 mln dlrs in
+1987, eight pct more than the 862 mln spent in 1986.
+    The company said in its annual report that it would
+increase spending for exploration and development of petroleum
+resources by about three pct to 614 mln dlrs from 1986's 595
+mln dlrs, assuming oil prices hold around current levels.
+    The planned spending for exploration and production in 1987
+remains well below the 1.1 billion dlrs spent in 1985, Unocal
+said.
+    The company's proved developed and undeveloped reserves of
+crude oil rose slightly in 1986, Unocal said. Net crude oil and
+condensate reserves were 752 mln bbls as of Dec 31, 1986,
+compared to 751 mln bbls at the end of 1985, Unocal said.
+    The company said its net crude oil and condensate
+production averaged 248,200 barrels per day in 1986 compared to
+251,300 bpd in 1985.
+    Unocal said its worldwide natural gas reserves were 6.07
+billion cubic feet in 1986 compared to 1985's 6.19 billion. Net
+natural gas output averaged 976 mln cubic feet per day in 1986,
+down 10 pct from 1985's 1,084 mln, the company said.
+    Unocal said its average sales prices for crude oil was
+12.67 dlrs a barrel worldwide in 1986 compared to 23.81 dlrs in
+1985, and its average sales price for natural gas was 2.03 dlrs
+per thousand cubic feet in 1986 against 2.24 dlrs in 1985.
+    Average production costs for crude oil and natural gas
+declined nearly 30 pct to 3.41 dlrs per bbl of oil equivalent
+in 1986 from 4.81 dlrs in 1985, Unocal said.
+    In the annual report, the company called for imposition of
+an oil import fee by the U.S. government to set a floor price
+of about 25 dlrs a barrel for crude oil.
+    "Simply stabilizing prices at about 18 dlrs per barrel    
+will not materialy slow the drop in U.S. production or the rise
+in imports," Chairman Fred Hartley said in the annual report.
+    "Without decisive action in Washington, this nation will
+once again become a hostage to OPEC's plans and policies,"
+Hartley said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15161" NEWID="9640">
+<DATE>25-MAR-1987 17:50:34.05</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f2604&#31;reute
+b f BC-FED-APPROVES-CHEMICAL   03-25 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED APPROVES CHEMICAL NEW YORK &lt;CHL> MERGER</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Chemical New York Corp and Texas
+Bancshares Inc &lt;TCB> said the Federal Reserve Board approved
+their proposed 1.19 billion dlr merger.
+    The companies also said the Securities and Exchange
+Commission declared effective as of March 24 the registration
+statement covering the securities Chemical will issue to Texas
+Bancshares shareholders as part of the merger.
+    The companies said they expect to complete the merger,
+which will create a bank with 80 billion dlrs of assets, by the
+end of the second quarter. The merger still requires
+shareholder approval.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15162" NEWID="9641">
+<DATE>25-MAR-1987 17:51:10.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2605&#31;reute
+r f BC-varity-sees-improved   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARITY&lt;VAT> SEES IMPROVED RESULTS AFTER 1ST QTR</TITLE>
+<DATELINE>    TORONTO, March 25 - </DATELINE><BODY>Varity Corp, earlier reporting a full
+year loss against a prior year profit, said improvement is
+expected in the balance of fiscal 1987 as new products fill the
+inventory pipeline, cutbacks in operating costs are realized
+and its newly acquired Dayton Walther business is fully
+integrated.
+    However, operating results are likely to remain under
+pressure in the first quarter ending April 30, it said.
+    Varity earlier reported a loss for fiscal 1986 ended
+January 31 of 23.3 mln U.S. dlrs, compared to a year-earlier
+profit of 3.9 mln dlrs.
+    Varity said continued deterioration in major markets, a
+weakening U.S. dollar and unforeseen delays in launching major
+new lines of tractors contributed to the full year loss.
+    Industry demand for farm machinery continued to erode
+during the latest fiscal year, with worldwide industry retail
+sales of tractors sliding more than 10 pct below last year's
+depressed levels, the company said.
+    However, Varity increased its share of the global tractor
+market by more than one pct to 18.2 pct, it said.
+    The combined impact of costly sales incentives and foreign
+exchange adjustments on margins was substantial, Varity said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15163" NEWID="9642">
+<DATE>25-MAR-1987 17:54:07.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2609&#31;reute
+r f BC-CAMPBELL-RESOURCES-&lt;C   03-25 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMPBELL RESOURCES &lt;CCH> UPS MESTON LAKE STAKE</TITLE>
+<DATELINE>    TORONTO, March 25 - </DATELINE><BODY>Campbell Resources Inc said it raised
+its voting stake in &lt;Meston Lake Resources Inc> to about 64 pct
+from 52 pct through acquisition of another 870,000 Meston Lake
+shares in its previously reported takeover bid.
+    Campbell, in its bid that expired March 23, offered 80 cts
+cash and 1.25 "legended" Campbell shares for each Meston share.
+The legended shares are not tradeable for one year.
+    It said the 3.4 mln Meston shares not tendered in the offer
+were held by about 550 stockholders, including Quebec's La
+Societe de developpement de la Baie James, with 1.3 mln shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15164" NEWID="9643">
+<DATE>25-MAR-1987 17:54:38.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2611&#31;reute
+d f BC-FPL-GROUP-&lt;FPL>-UNIT   03-25 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FPL GROUP &lt;FPL> UNIT FILES TO OFFER PREFERRED</TITLE>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>FPL Group Inc's Florida Power and Light
+Co unit said it filed a shelf registration with the Securities
+and Exchange Commission for the future sale, through one or
+more offerings, of one mln shares of serial preferred stock.
+    It said that these shares, together with 150,000 shares of
+preferred stock that are unissued under a previous shelf
+registration, should cover the utility's preferred stock
+financing needs for the next two years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15165" NEWID="9644">
+<DATE>25-MAR-1987 17:54:50.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2612&#31;reute
+d f BC-METROBANC-&lt;MTBC>-SHAR   03-25 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROBANC &lt;MTBC> SHAREHOLDERS APPROVE MERGER</TITLE>
+<DATELINE>    GRAND RAPIDS, Mich., March 25 - </DATELINE><BODY>Metrobanc, a federal
+savings bank, said its shareholders approved the previously
+announced merger with Comerica Inc &lt;CMCA>, a bank holding
+company.
+    Metrobanc said the merger is still subject to regulatory
+approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15166" NEWID="9645">
+<DATE>25-MAR-1987 17:55:23.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2613&#31;reute
+d f BC-CONNECTICUT-ENERGY-&lt;C   03-25 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONNECTICUT ENERGY &lt;CNE>UNIT SEEKS HIGHER RATES</TITLE>
+<DATELINE>    BRIDGEPORT, Conn., March 25 - </DATELINE><BODY>Connecticut Energy Corp said
+its Southern Connecticut Gas Co unit filed with state
+regulators a letter of intent to raise its rates by 2.7 pct, or
+about 4.2 mln dlrs, beginning in late 1987.
+    The company said it expects to file a formal application
+with the Connecticut Department of Public Utility Control
+within 60 days.
+    The company said a rate increase is needed to cover higher
+operating and maintenance expenses that have occurred since it
+last received a rate hike of three pct, or 4.8 mln dlrs, in
+January 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15167" NEWID="9646">
+<DATE>25-MAR-1987 17:55:39.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f2614&#31;reute
+u f BC-CATTLEMEN-ASSESSING-D   03-25 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATTLEMEN ASSESSING DEATH LOSS FROM STORM</TITLE>
+<AUTHOR>    By Jerry Bieszk, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 25 - </DATELINE><BODY>Blizzard conditions in parts of the
+west and southwest U.S. severely stressed beef cattle and
+Kansas cattlemen are reporting death losses from the storm,
+according to livestock associations in the area.
+    Talk among futures traders that cattle had died from the
+cold and blowing snow accounted for some of the strength in
+Live Cattle futures at the Chicago Mercantile Exchange today.
+    "Death (of cattle) can be directly attributed to the storm,
+but it's hard to get a handle on a number," Todd Domer,
+director of communications for the Kansas Livestock Association
+said.
+    Domer noted that limited reports have been filtering in of
+death losses at feedyards and from grazing and cow/calf
+operations. Western Kansas was hardest hit while Eastern Kansas
+only had rain, he said.
+    Paul Johnston of the Nebraska Livestock Feeders Association
+said, "There's no question that baby calves coming in that kind
+of blizzard are probably not going to make it."
+    We were having such a nice winter and the cows were out
+calving before the storm hit, he added.
+    The worst part of the storm came through the center of the
+state. Precipitation was generally in the form of wet snow and
+some feedlots are already like "soup", he said, inhibiting
+cattle movements.
+    The storm also had an effect on weight gain of larger
+animals. Drifting snow caused problems in moving feed and mud
+made it hard for cattle to reach the feed once it was
+available.
+    Domer noted that feedyards sources say a tremendous cutback
+has occurred in feed consumption by cattle in the yards, which
+may or may not lead to sickness over the next several days.
+Cattle reduced daily feed consumption to about 12 lbs from 25
+during the worst of the blizzard, he said.
+    Mud will be more a problem as the weather breaks and snow
+melts. Mud adds to stress on full-grown animals and endangers
+smaller ones which can fall and be trampled in pens. The cost
+of feeding rises as animals generally consume more in cold
+weather, Domer said.
+    Domer said it will be at least 10 days before yards get
+back to normal.
+    Roy Gallant, from Accu Weather Services, said that although
+the worst of the storm is over, there are still some strong
+gusty winds which will not diminish until tonight.
+    The storm started late Sunday night in West Kansas and is
+just now winding down. The storm has moved into South Dakota,
+parts of Minnesota and Eastern North Dakota, he said.
+    Snow accumulations from the storm totaled six to 10 inches
+in most sections and 12 to 18 in a few spots before moving
+north. This equals 1/2 to 1-1/2 inches of water. Drifts of four
+to six feet and up to 12 feet were reported, he said.
+    There's a possibility of another storm brushing that region
+tomorrow night and Friday, Gallant added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15168" NEWID="9647">
+<DATE>25-MAR-1987 17:57:08.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2617&#31;reute
+h f BC-PLAINS-RESOURCES-INC   03-25 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLAINS RESOURCES INC &lt;PLNS> YEAR LOSS</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 25 - 
+    </DATELINE><BODY>Oper shr loss 31 cts vs profit three cts
+    Oper net loss 887,886 vs profit 646,250
+    Revs 9,724,418 vs 10.8 mln
+    Note: Year-ago oper net excludes tax credit of 230,000
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15169" NEWID="9648">
+<DATE>25-MAR-1987 17:58:33.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2618&#31;reute
+u f BC-ECUADOR-SIGNS-280-MLN   03-25 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR SIGNS 280 MLN DLR IADB LOAN</TITLE>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>Ecuador signed four loans from the
+InterAmerican Development Bank (IADB) totaling 280 mln dlrs,
+the IADB said.
+    Ecuador's finance minister, Domingo Cordovez, and IADB
+President Antonio Ortiz Mena, signed the loans after the IADB's
+annual meeting here.
+    A 57 mln dlr loan is for urban development, 80 mln dlrs for
+industrial programs, 96 mln dlrs for highway rehabilitation
+and 46 mln for farm research.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15170" NEWID="9649">
+<DATE>25-MAR-1987 18:00:06.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2620&#31;reute
+u f BC-PERU'S-DEBT-OBLIGATIO   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU'S DEBT OBLIGATIONS HIT 6.3 BILLION DLRS IN 1987</TITLE>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>Peru's foreign debt obligation this year
+totaled 6.3 billion dlrs, including maturities falling due and
+overdue payments, equivalent to almost twice its expected
+exports of goods and services, Central Bank President Leonel
+Figueroa said.
+    He told the InterAmerican Development Bank (IADB) annual
+meeting here that Peru will have to maintain its 10 pct limit
+on debt payments to preserve growth.
+    Figueroa said gdp grew by almost nine pct in 1986, while
+inflation dropped to 63 pct from an annual rate of 280 pct in
+the first half of 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15171" NEWID="9650">
+<DATE>25-MAR-1987 18:06:43.10</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2631&#31;reute
+u f BC-PENNZOIL-(PZL)-WILLIN   03-25 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNZOIL (PZL) WILLING TO SETTLE TEXACO (TX) LAWSUIT</TITLE>
+<DATELINE>    HOUSTON, March 25 - </DATELINE><BODY>Pennzoil Co said it had not yet
+received any "meaningful settlement offer" from Texaco Inc but
+added that the company remained willing to consider proposals
+to settle the 10.2 billion dlr jury judgment it won against
+Texaco.
+    In its newly-released annual report to shareholders,
+Pennzoil said it expected the Texas state court judgment, which
+was upheld by a state appeals court on February 12, to be
+upheld if appealed again.
+    "To date, Pennzoil has yet to receive any meaningful
+settlement offer from Texaco, though it remains open to any
+realistic effort to settle the matter," Pennzoil chairman Hugh
+Liedtke said in the annual report.
+    Pennzoil also said it had budgeted 212 mln dlrs for capital
+spending in 1987, a drop from the 233 mln dlrs spent last year.
+    Proved U.S. and foreign reserves of natural gas declined to
+964 billion cubic feet last year, from 1.01 trillion cubic feet
+in 1985, because of a virtual halt in its exploration program,
+Pennzoil said. Its crude oil reserves dropped to 140 mln
+barrels from 158 mln barrels in 1985.
+     The Houston-based company said it sold an average of 339
+mln cubic feet of domestic natural gas each day last year, a 17
+pct drop from 1985. The average sales price for gas dropped by
+60 cents per mcf to 2.16 dlrs per mcf, Pennzoil said.
+    U.S. crude oil and gas liquids production last year fell to
+an average of 33,290 barrels per day from 34,102 barrels per
+day in 1985.
+    The company's total revenues in 1986 declined to 482.3 mln
+dlrs, from 762.5 mln dlrs the previous year. Operating income
+in 1986 fell more than 80 pct, to 38.0 mln dlrs.
+    Pennzoil said its goals for 1987 included development of
+its Point Arguello oilfield off the California coast, to
+maintain current production levels in its Bluebell-Altamont
+Field in Utah and to drill for prospects in the Gulf of
+Mexico's Mobile Bay area.
+    "Production should begin late in the year from the Harvest
+Platform in the Santa Maria Basin offshore California," the
+company said. "Pennzoil's share of this production initially
+should be five thousand barrels a day, increasing to a peak of
+15 thousand barrels a day, net, by 1989."
+    In its sulphur business, Pennzoil said production totaled
+2.1 mln long tons last year, a decline of 18 pct from 1985. The
+average sales price also declined, to 138.25 dlrs per long ton
+from 141.05 dlrs in 1985.
+    "The long term outlook for our sulphur operations remains
+bright," the company said. "We expect sulphur's pricing
+structure to strengthen during the current year, probably in
+the third and fourth quarters."
+            
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15172" NEWID="9651">
+<DATE>25-MAR-1987 18:09:22.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2635&#31;reute
+r f BC-FARM-CREDIT-SYSTEM-TO   03-25 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM CREDIT SYSTEM TO ASK FOR CONGRESSIONAL AID</TITLE>
+<AUTHOR>    By Greg McCune, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, MARCH 25 - </DATELINE><BODY>A senior representative of the
+financially-troubled U.S. farm credit system is expected for
+the first time tomorrow to ask Congress to provide assurances
+that stock held by system borrowers will be guaranteed.
+    Farm credit sources said Brent Beesley, president of the
+Farm Credit Corporation which represents the system, will make
+the request at a Senate Agriculture subcommittee hearing.
+    They said Beesley would ask Congress to take some action to
+assure borrowers the stock is secure. But Beesley is expected
+to stop short of requesting other forms of government aid.
+    Borrowers from the farm credit system hold some four
+billion dlrs in system stock which could be devalued if the
+mounting losses of the system persist, officials said.
+    Beesley's request expected tomorrow is seen as the first
+official acknowledgment from the system itself that federal aid
+will be needed to guarantee the value of the stock.
+    Yesterday, Jim Billington, a member of the Farm Credit
+Administration board which regulates the system, said Congress
+should plan to spend at least 800 mln dlrs beginning late this
+year to bail-out the system.
+    Congress is moving swiftly toward legislation to aid the
+system. Sen. James McClure, R-Idaho, has drafted a resolution
+which would put the Senate on record as guaranteeing the value
+of farm credit system stock. The resolution may be brought to
+the Senate floor soon, Congressional sources said.
+    In addition to requesting a guarantee of borrower stock,
+Beesley is expected tomorrow to endorse the creation of a
+secondary market, called "Aggie-mae" by some proponents, for
+the resale of farm real estate loans.
+    Sources said the farm credit system will support the idea
+if the system is included in the operation of the market.
+    Farm credit sources said the system decided to request a
+guarantee of borrower stock at a meeting this week in Denver of
+the 12 presidents of farm credit system districts.
+    Beesley's testimony to the Congressional hearing tomorrow
+will not include any new financial forecast of system losses,
+officials said.
+    Chairman of the FCA, Frank Naylor, yesterday said the
+system may lose as much as 1.4 billion dlrs this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15173" NEWID="9652">
+<DATE>25-MAR-1987 18:11:17.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2641&#31;reute
+d f BC-GV-MEDICAL-INC-&lt;GVMI>   03-25 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GV MEDICAL INC &lt;GVMI> 4TH QTR LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, Minn., March 25 -
+    </DATELINE><BODY>Shr loss 20 cts vs loss 26 cts
+    Net loss 798,289 vs loss 777,667
+    Rev 262,738 vs nil
+    Avg shares 3,930,360 vs 2,959,029
+    Year
+    Shr loss 96 cts vs loss 1.25 dlrs
+    Net loss 3,202,355 vs loss 3,060,407
+    Rev 676,341 vs nil
+    Avg shares 3,339,174 vs 2,445,423
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15174" NEWID="9653">
+<DATE>25-MAR-1987 18:11:34.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2643&#31;reute
+d f BC-FIRST-FEDERAL/ARKANSA   03-25 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL/ARKANSAS &lt;FARK> IN COURT RULING</TITLE>
+<DATELINE>    LITTLE ROCK, Ark., March 25 - </DATELINE><BODY>First Federal Savings of
+Arkansas FA said a federal district court denied a motion
+seeking class-action status for a lawsuit that alleges the bank
+violated securities laws in an offering of common stock.
+    The lawsuit alleges that First Federal violated securities
+laws in connection with its initial public offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15175" NEWID="9654">
+<DATE>25-MAR-1987 18:16:48.36</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2647&#31;reute
+u f BC-IBC-PRESIDENT-NOT-TO   03-25 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC PRESIDENT NOT TO ATTEND ICO EXECUTIVE BOARD</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 25 - </DATELINE><BODY>Brazilian Coffee Institute (IBC)
+president Jorio Dauster said he will not attend the ICO
+executive board meeting and was surprised to hear that a report
+of his absence had a slightly depressing effect on the New York
+coffee market today.
+    "I have too much work to accomplish here in Brazil at the
+moment. Besides the presence of the IBC president at an ICO
+executive board meeting is not a tradition," Dauster said.
+    Dauster said except in rare cases, Brazil has always sent
+its London-based representative to ICO board meetings.
+Ambassador Lindenberg Sette will attend the meeting, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15176" NEWID="9655">
+<DATE>25-MAR-1987 18:19:04.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2655&#31;reute
+u f BC-COLOMBIA-TO-MAINTAIN   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA TO MAINTAIN FOREIGN BORROWING LEVELS</TITLE>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>Colombia plans to maintain foreign
+borrowing at levels similar to the 1982-86 period, during which
+it received a net 1.3 billion dlrs net of repayments, Finance
+Minister Cesar Gaviria said.
+    He told the Inter-American Development Bank (IADB) annual
+meeting here that despite Latin America's debt crisis, Colombia
+continues to achieve positive credit flows reflecting the
+strength of its economy that grew five pct last year.
+    Public Credit Director Mauricio Cabrera said Colombia plans
+to launch a foreign bond issue in the second half of 1987,
+possibly for 60 mln dlrs.
+    Cabrera said a 50 mln dlr floating rate note (FRN) issue by
+Colombia is expected to close next month. It carries a 1-1/8
+pct margin over Libor, with a seven year maturity and four
+years grace.
+    He also told Reuters he did not expect any increase in
+Colombia's financing needs as a result of current falling
+coffee prices, after a surge last year doubled export income
+from this source to around three billion dlrs.
+    "The drop will simply bring us back to 1985 levels, with a
+loss of no more than about 100 mln dlrs," he said.
+    Colombia, with a total foreign debt of around 13 billion
+dlrs, has a foreign borrowing programme of around three billion
+dlrs this year, of which about one billion is new credits.
+    Its foreign reserves ended 1986 at 3.5 billion dlrs,
+equivalent to more than nine months of imports and
+non-financial services, and GDP growth is again expected to
+reach five pct this year, Gaviria said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15177" NEWID="9656">
+<DATE>25-MAR-1987 18:19:54.76</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>taiwan</D><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2657&#31;reute
+u f BC-EXCHANGE-RATE-BILL-CL   03-25 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXCHANGE RATE BILL CLEARS U.S. HOUSE PANEL</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The House Banking Committee adopted
+legislation to direct the U.S. Treasury to begin negotiations
+aimed at seeking regular adjustment of exchange rates by  
+countries such as Taiwan and South Korea, whose currencies are
+pegged to the value of the U.S. dollar.
+    The measure was adopted as part of a wide-ranging trade
+bill that will be considered by the full House in April before
+it moves on to the Senate.
+    The bill's many provisions also set as a priority for the
+U.S. the negotiation of stable exchange rates and urge
+government intervention as necessary to offset fluctuations.
+    In addition, the Banking Committee bill would authorize
+U.S. banks to use a variety of means to deal with the debt
+problems of developing countries, such as lowering interest
+rates on existing debt, renegotiating loans or debt
+forgiveness. The bill would give a blanket waiver of any
+federal banking regulations that bar such actions.
+    The bill would direct Treasury Secretary James Baker to
+discuss with debt-ridden developing countries the possibility
+of the U.S. setting up a public debt management agency that
+would purchase their debt at a discount and negotiate the
+restructuring of the debt.
+    The Banking bill authorizes U.S. participation in a
+multilateral investment guarantee agency (MIGA) as requested by
+the administration. Congress would approve an initial U.S.
+subscription of 22 mln dlrs.
+    And, it sets up a council on industrial competitiveness
+composed of industry and administration members to explore ways
+to make the U.S. more competitive in world markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15178" NEWID="9657">
+<DATE>25-MAR-1987 18:22:06.61</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2661&#31;reute
+d f BC-U.S.-CHIPMAKERS-URGE   03-25 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CHIPMAKERS URGE SANCTIONS AGAINST JAPAN</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The Semiconductor Industry
+Association urged the U.S. government to impose trade sanctions
+against Japan for violating the U.S.-Japan Semiconductor Trade
+Agreement.
+    In a letter to Treasury Secretary James Baker the group
+said sanctions should be imposed against Japanese chipmakers as
+of April 1 and continue until the U.S. is satisfied there is
+full compliance with the agreement.
+    The group said action by Japan to cut back on semiconductor
+exports is not what is required.
+    "America's interests require that agreements be honored and
+that U.S. industries not bear the burden for the persistent
+unwillingness or inability of the government of Japan to
+deliver on its commitments," the trade group said.
+    The White House Economic Policy Council is expected to
+discuss possible sanctions against Japan at a meeting scheduled
+for Thursday.
+    The trade group said Japan has not lived up to the terms of
+the agreement last year which was aimed at ending Japanese
+dumping of semiconductors and at opening Japanese markets to
+foreign-based manufacturers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15179" NEWID="9658">
+<DATE>25-MAR-1987 18:25:51.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2665&#31;reute
+b f BC-LOMAC-TO-PAY-COSTS-IN   03-25 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOMAC TO PAY COSTS IN FIRST SUPERFUND AGREEMENT</TITLE>
+<AUTHOR>    By SCOTT WILLIAMS, Reuters</AUTHOR>
+<DATELINE>    LANSING, Mich., March 25 - </DATELINE><BODY>Lomac Inc, a publicly traded
+company, will pay the U.S. and Michigan governments to help
+clean up a toxic waste site in the first major settlement under
+the 1986 Superfund-Two act, Michigan officials said.
+    Lomac will pay 17 mln dlrs to help clean the site, they
+said.
+    Stewart Freeman, Michigan's chief environmental attorney,
+told Reuters that Lomac, a new company, agreed to buy a
+chemical site near Muskegon, Mich., formerly operated by Bafors
+Nobel Inc, a bankrupt subsidiary of A.B. Nobel of Sweden.
+    The settlement was also the largest in history in a
+bankruptcy case involving environmental issues, Freeman said.
+    Other companies with Superfund disputes are watching the
+case closely, he said. "There are a number of very large
+corporations talking to the attorney general," Freeman said,
+referring to Michigan Atty. Gen. Frank J. Kelley.
+    Freeman would not identify the companies involved, saying
+he was not sure whether confidentiality agreements had been
+made.
+    Lomac will pay 25-26 mln dlrs in the settlement. Five mln
+dlrs will be paid to the federal and 12 mln dlrs will go to the
+Michigan government for cleanup at the site, the Lakeway
+Chemical plant.
+    The remaining funds will go to medical surveillance of
+former workers at the plant.
+    Under the agreement, a trust fund will be set up "to
+monitor the health of employees who may have been exposed to
+dangerous chemicals that were manufactured at the plant before
+1971," the Michigan attorney general's office said in a
+statement.
+    Freeman said the medical fund was necessary because of
+possible medical problems among workers at the site.
+    The Muskegon facility was formerly used to manufacture
+dyes. Freeman said Bofors Nobel spent 50 mln dlrs cleaning up
+the site, formerly owned by Lakeway Chemical Co, before "the
+economic decision was made in Sweden" to place the operation in
+bankruptcy.
+    Under the agreement, Bofors Nobel will sell the site, which
+still holds an operating chemical plant, to Lomac. Some 150
+employees work at the plant, a spokesman for the Michigan
+attorney general said.
+    The state attorney general said cleanup at the site will
+begin "immediately," and will be supervised by federal and
+state officials.
+    Freeman said the plant site is not presently listed on the
+federal superfund list, which qualifies the toxic waste site
+for federal cleanup funds.
+    He said federal officials will try to get the Muskegon
+facility onto the superfund list. If they are unable to do so,
+the 5.0 mln dlr federal portion of the settlement will be
+turned over to Michigan officials to be used in the cleanup,
+Freeman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15180" NEWID="9659">
+<DATE>25-MAR-1987 18:34:17.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>haiti</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2685&#31;reute
+r f BC-WORLD-BANK-AFFILIATE   03-25 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK AFFILIATE PROVIDES CREDIT FOR HAITI</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The World Bank today approved a 40
+million mln dlr loan to assist an economic reform program under
+way in Haiti.
+    The bank said the loan is being made through its affiliate,
+the International Development Association, and will be used to
+restore economic confidence, approve the allocation of
+resources, and stimulate economic growth.
+    The bank said the the 50-year credit, which is interest
+free, comes as there is growing evidence that reforms already
+underway have improved the country's economic situation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15181" NEWID="9660">
+<DATE>25-MAR-1987 18:34:32.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2687&#31;reute
+r f BC-U.S.-AGRICULTURE-SECY   03-25 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AGRICULTURE SECY DOUBTFUL ON DEFICIT GOAL</TITLE>
+<DATELINE>    WASHINGTON, March 25, Reuter - </DATELINE><BODY>U.S. Agriculture Secretary
+Richard Lyng today publicly expressed doubts that the federal
+government would meet the fiscal year 1988 deficit reduction
+target set by the  Gramm-Rudman law.
+    "I don't think anyone believes we'll meet the 108 billion
+dlr target," Lyng told the Virginia Farm Bureau.
+    Lyng is believed to be the first top administration
+official to publicly express doubts the target would be met.
+    The remark was quickly disavowed by the White House Office
+of Management and Budget (OMB). "His 'no one' does not include
+the OMB," said spokesman Edwin Dale.
+    Lyng made the remark while describing the need for the
+agriculture sector to share the burden of cutbacks under last
+year's Gramm-Rudman law.
+    "There needs to be some reduction of some expenditures to at
+least get close to the Gramm-Rudman figure," he said.
+"Agriculture would not be independent from that."
+     Lyng's special assistant, Floyd Gabler, said the remark
+was an opinion based on Lyng's discussions with congressmen.
+    "If the Secretary said that he's simply expressing an
+opinion he's gotten from the progress or lack of progress on
+the Hill," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15182" NEWID="9661">
+<DATE>25-MAR-1987 18:35:52.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2689&#31;reute
+r f BC-CLABIR-&lt;CLG>,-AMBRIT   03-25 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLABIR &lt;CLG>, AMBRIT &lt;ABI> CALL OFF MERGER</TITLE>
+<DATELINE>    GREENWICH, Conn., March 25 - </DATELINE><BODY>Clabir Corp and AmBrit Corp
+said they called off their plans for Clabir to buy the 16 pct
+voting interest in AmBrit that it does not already own.
+    The companies said they agreed not to pursue the merger
+because several actions recently taken by AmBrit would mean
+substantial delays in completing the deal.
+    They said they might revive merger plans at a later date or
+seek other ways for Clabir to increase its holdings in AmBrit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15183" NEWID="9662">
+<DATE>25-MAR-1987 18:37:31.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2691&#31;reute
+r f BC-FAA-ORDERS-VOICE-RECO   03-25 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAA ORDERS VOICE RECORDERS ON NEW COMMUTER CRAFT</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The Federal Aviation Administration
+said it will require cockpit voice recorders to be installed on
+all newly made commuter aircraft by May 26 1989.
+    The FAA said data from the cockpit voice recorder, which
+makes a record of cockpit conversation during flight, was
+invaluable to accident investigators.
+    The new rule covers newly made jet and turbo prop commuter
+aircraft that carry six or more passengers and that must be
+flown by two pilots.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15184" NEWID="9663">
+<DATE>25-MAR-1987 18:41:01.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2697&#31;reute
+u f BC-TELECOMMUNICATIONS-BI   03-25 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELECOMMUNICATIONS BILL CLEARS U.S. HOUSE PANEL</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The House Energy and Commerce
+Committee approved major trade legislation that will give
+President Reagan authority to retaliate if negotiations to open
+foreign markets to U.S. telecommunications products fail.
+    The provision was part of a major trade bill the committee
+approved on a vote of 26 to 15. It will be wrapped into a trade
+bill being written in several House committees and due to be
+considered in the full House in late April.
+    The bill also requires foreign investors to file detailed
+reports to the Commerce Department on their U.S. holdings in
+real estate, securities or U.S. companies.
+    In response to congressional concern over the Fujitsu
+proposal to take control of Fairchild Semiconductor Corp., the
+bill would give Reagan the power to bar foreign acquisitions of
+U.S. firms if the sale threatened U.S. national security.
+    The legislation would bar for one year imports of advanced
+audio digital tape machines unless the recording capability is
+disabled. The action was taken after the U.S. recording
+industry said the new machines would lead to rampant recording
+piracy and legislation was needed to protect their rights.
+    The bill authorizes government spending of 100 mln dlrs a
+year for five years to help pay for research by a consortia of
+semiconductor manufacturers.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15185" NEWID="9664">
+<DATE>25-MAR-1987 18:41:10.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f2698&#31;reute
+r f BC-BANK-BOARD-TAKES-CONT   03-25 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK BOARD TAKES CONTROL OF FLORIDA THRIFT</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The Federal Home Loan Bank Board
+said it took control of the South Florida Banks and transferred
+its assets and deposits to a newly chartered federal mutual
+association.
+    The Bank Board said it approved a new five-member board for
+the association. South Florida was a state chartered stock
+institution with 175.2 mln dlrs in assets.
+    The Bank Board said the savings bank suffered from poorly
+underwritten loans and investments plus a high cost of funds
+and operating expenses, including excessive compensation of
+some former officers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15186" NEWID="9665">
+<DATE>25-MAR-1987 18:43:59.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2702&#31;reute
+r f BC-MOODY'S-DOWNGRADES-ZE   03-25 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S DOWNGRADES ZENITH ELECTRONICS &lt;ZE> DEBT</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Moody's Investors Services Inc said it
+downgraded 200 mln dlrs of long-term debt of Zenith Electronics
+Corp.
+    Cut were Zenith's senior debt to Ba-2 from Baa-3,
+convertible subordinated debt to B-1 from Ba-2 and commercial
+paper to Not-Prime from Prime-3.
+    Moody's cited the company's overall losses.
+    The agency also said it believes that future profits in the
+consumer electronics business will be limited because of
+intense competition from international market participants.
+    Moody's pointed out that Zenith's total debt increased
+sharply over the past year and is being serviced by weak cash
+flow.
+    A spokesman for Zenith criticized the action.
+    "The company believes the downgrade is unwarranted.
+Operating results for 1986 improved over 1985 and Zenith was
+profitable in the second half of 1986," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15187" NEWID="9666">
+<DATE>25-MAR-1987 18:44:16.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2703&#31;reute
+r f BC-SDC-SYDNEY-REPLACES-C   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SDC SYDNEY REPLACES CHAIRMAN</TITLE>
+<DATELINE>    VANCOUVER, B.C., March 25 - </DATELINE><BODY>&lt;SDC Sydney Development Corp>
+said it terminated its service agreement with chairman and
+chief executive Walter Steel on March 24, and appointed Donald
+Michelin as acting chief executive.
+    "The performance of the company since Mr. Steel's
+appointment in June, 1985 has not fulfilled either Mr. Steel's
+plans or the objectives of Alexis Nihon Investments Inc, the
+principal creditor and largest shareholder, and a change in
+senior management was viewed as essential to redirecting the
+business of the company," SDC Sydney said.
+    Michelin is an Alexis Nihon officer and director.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15188" NEWID="9667">
+<DATE>25-MAR-1987 18:44:58.85</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2705&#31;reute
+u f BC-COST-OF-PIK-CERTIFICA   03-25 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COST OF PIK CERTIFICATES TO BE EYED BY CONGRESS</TITLE>
+<AUTHOR>    By Nelson Graves, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Congress, eager to find budget
+savings, launches a review of the U.S. Agriculture Department's
+generic commodity certificate program tomorrow, amid signs USDA
+and the General Accounting Office, GAO, are at odds over how
+much the program has cost U.S. taxpayers.
+    The GAO concluded in a preliminary report last week that
+payment-in-kind, or PIK, certificates cost between five and 20
+pct more than cash outlays, administration officials who asked
+not to be identified said.
+    USDA officials, however, took issue with the report, saying
+it did not take into account storage, handling and transport
+savings that accrue to the government. The GAO then decided to
+re-examine the costs, sources said.
+    The issue is an important one, because congressional budget
+committees are known to be considering limiting the use of
+certificates as a means of cutting spending.
+    Agriculture Under Secretary Daniel Amstutz and GAO Senior
+Associate Director Brian Crowley are set to testify before the
+Senate Agriculture Committee tomorrow.
+    Amstutz is expected to tell the committee that there are
+uncertainties in determining the cost of certificates compared
+to cash outlays, and that savings to the Commodity Credit Corp,
+CCC, almost equal costs, department sources said.
+    USDA estimates that it costs the government about 75 cents
+to store, handle and transport each bushel of commodity put in
+government storage.
+    It was unclear whether the GAO, Congress' investigative
+arm, would stick by its original analysis that it costs the
+government more to use certificates instead of cash in farm
+price and income support programs, Reagan administration
+sources said.
+    The GAO is expected to point out that use of
+payment-in-kind, PIK, certificates has helped relieve tight
+storage by moving grain that otherwise might not have been
+sold.
+    The testimony by Amstutz and GAO Senior Associate Director
+Brian Crowley comes as congressional budget committees
+intensify their efforts to pinpoint ways to cut the federal
+budget deficit -- including considering limits on the use of
+PIK certificates.
+    The CCC issues dollar-denominated PIK certificates, or
+certs, as a partial substitute for direct cash outlays to
+farmers or cash subsidies to exporters. Certs can be used to
+repay nonrecourse loans or exchanged for CCC commodities or
+cash.
+    Between April and December 1986, CCC issued 3.8 billion
+dlrs worth of certificates, according to USDA. Up to another
+6.7 billion dlrs worth could be issued between January and
+August 1987, according to USDA.
+    Certs can cost the government more than cash primarily
+because recipients can use the certificates to pay back
+government loans at levels below the loan rate.
+    Eliminating this practice, called "PIK and roll," would save
+the government 1.4 billion dlrs between 1988-92, according to
+the Congressional Budget Office, CBO. That estimate, according
+to a CBO official, was based on an assumption that certificates
+cost the government about 15 pct more than cash payments.
+    The Senate and House Budget Committees are known to be
+considering curbs on PIK-and-roll transactions among other
+savings alternatives.
+    The GAO last week reached the tentative conclusion that the
+estimated three billion dlrs of certificates redeemed to date
+have cost the federal government between 150 mln and 600 mln
+dlrs, or between five and 20 pct, more than cash outlays, one
+administration official said.
+    However, the GAO has decided to reassess those estimates
+based in part on USDA criticism, department officials said.
+    The broad range of the cost estimate is partly attributable
+to the different effect certificates can have on market prices
+over the course of a crop year.
+    USDA's Economic Research Service, for example, has found
+that between June and August last year, the 215 mln bushels of
+corn exchanged for certificates lowered the price of corn by
+between 35 and 45 cents per bushel.
+    Between September and November, however, certificates had
+only a marginal impact on corn prices, according to the ERS
+study, obtained by Reuters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15189" NEWID="9668">
+<DATE>25-MAR-1987 18:45:15.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2706&#31;reute
+r f BC-DAILY-TELEGRAPH-IN-DE   03-25 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAILY TELEGRAPH IN DEAL WITH NEWS INTERNATIONAL</TITLE>
+<DATELINE>    TORONTO, March 25 - </DATELINE><BODY>&lt;Hollinger Inc> said 58 pct-owned &lt;The
+Daily Telegraph PLC>, of London, agreed to form a joint venture
+printing company in Manchester, England with &lt;News
+International PLC>. Financial terms were undisclosed.
+    It said the deal involved News International's acquisition
+of a 50 pct stake in the Telegraph's Trafford Park Printing Ltd
+subsidiary. The joint company will continue to print northern
+editions of the Telegraph and Sunday Telegraph, with spare
+capacity used to print The Sun and News of the World.
+    The arrangement will significantly cut Telegraph costs,
+Hollinger said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15190" NEWID="9669">
+<DATE>25-MAR-1987 18:46:18.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2708&#31;reute
+d f BC-USACAFES-&lt;USF>-UNIT-P   03-25 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USACAFES &lt;USF> UNIT POSTS RECORD WEEKLY SALES</TITLE>
+<DATELINE>    DALLAS, March 25 - </DATELINE><BODY>USACafes LP said sales at its Bonanza
+Restaurant unit rose 16.6 pct to a record 10.4 mln dlrs for the
+week ended March 22.
+    That compares with sales of 8,909,000 dlrs for the
+comparable week last year, the partnership said.
+    USACafes, which said year-to-date sales from the Bonanza
+chain were up 13 pct, attributed the increase to the budget
+steakhouse chain's decision to add chicken, seafood and salad
+entrees to its menu.
+    It said the new entrees now account for two-thirds of the
+chain's sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15191" NEWID="9670">
+<DATE>25-MAR-1987 18:47:03.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>portugal</D><D>china</D></PLACES>
+<PEOPLE><D>cavaco-silva</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2710&#31;reute
+u f AM-MACAO-PORTUGAL   03-25 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACAO TO KEEP EXISTING SYSTEM FOR 50 YEARS</TITLE>
+<DATELINE>    LISBON, March 25 - </DATELINE><BODY>Portuguese Prime Minister Anibal Cavaco
+Silva said Portugal would hand back Macao to China on December
+20, 1999, but added the existing political, economic and social
+system there would be maintained until the year 2050.
+    Cavaco Silva, speaking on national television hours before
+the initialling in Peking of an agreement on the handover, said
+that under the accord Macao would be a special administrative
+region of China and would have a large measure of autonomy.
+    Under the accord, Portuguese administration of the
+territory would end on December 20, 1999 but the existing
+system there would be maintained until the year 2050, Cavaco
+Silva said.
+    "The existing way of life in Macao, the Portuguese laws,
+basically our political, economic and social system, will
+remain in force for a further 63 years from now," he said.
+    Cavaco Silva said he would go to Peking in the first half
+of next month to formally sign the agreement with China, which
+would then be submitted to Portugal's parliament for approval.
+    Cavaco Silva said that after Portuguese administration of
+Macao formally ended in 1999, the future government of the
+territory would enjoy complete autonomy except in the areas of
+defence and foreign relations. It would however be able to make
+economic, trade and finance agreements with other countries.
+    The head of government would be named on the basis of
+elections held for the post.
+    Macao would have an elected legislative assembly and an
+independent judiciary. There would be religious freedom, a free
+press and freedom of expression. The Portuguese language could
+continue to be used in the government, assembly and courts.
+    Cavaco Silva said the current financial system would
+continue after the year 2000. The existing banks and freedom of
+capital movements would be maintained as would the
+convertibility of the pataca as the territory's monetary unit
+and the legal protection of foreign investment.
+    Only the Macao government would be able to collect taxes.
+    Cavaco Silva said that those among Macao's 400,000
+population who held Portuguese nationality on the date of the
+handover would thereafter continue to be able to use their
+Portuguese passports and their nationality rights.
+    The nationality issue had been one of the points of
+disagreement in the complex handover talks.
+    The special administrative status to be granted to Macao
+after its handover mirrors a similar accord for the nearby
+British colony of Hong Kong, which reverts back to Chinese rule
+in 1997 under a 1984 Sino-British agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15192" NEWID="9671">
+<DATE>25-MAR-1987 18:47:07.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2711&#31;reute
+s f BC-FRIEDMAN-INDUSTRIES-I   03-25 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRIEDMAN INDUSTRIES INC &lt;FRD> QUARTERLY DIV</TITLE>
+<DATELINE>    HOUSTON, March 25 - 
+    </DATELINE><BODY>Qtly div seven cts vs seven cts prior
+    Pay June one
+    Record May four
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15193" NEWID="9672">
+<DATE>25-MAR-1987 18:53:17.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>chirac</D><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2720&#31;reute
+u f BC-CHIRAC-SEES-FASTER-PR   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHIRAC SEES FASTER PRIVATISATION</TITLE>
+<DATELINE>    PARIS, March 25 - </DATELINE><BODY>France's right-wing government now
+expects to raise about 40 billion francs this year from its
+privatisation program, 10 billion more than it targetted, Prime
+Minister Jacques Chirac said.
+    The success of the program, launched late last year, meant
+the government would be able to go beyond the 30 billion franc
+figure it estimated in its 1987 budget, he said in a television
+interview.
+    About 75 pct of the additional revenue would be used to cut
+state debt and 25 pct to provide additional funds for public
+sector investment, he said.
+    Chirac said Finance Minister Edouard Balladur proposed to
+make two billion francs of supplementary funding available for
+a five biillion franc accelerated motorway building program.
+    The remaining three billion francs for this would come from
+a motorway loan now in the domestic market.
+    Balladur also proposed to make some extra cash available to
+the French national railways, SNCF, for the construction of
+high-speed rail track, and to boost research in the aerospace
+industry, he added.
+    An estimated 15,000 jobs would be generated by speeding up
+motorway construction, Chirac said.
+    Reaffirming his long term strategy of cutting the state
+sector deficit and easing taxes, Chirac repeated government
+pledges to cut the corporate tax rate to 42 pct from 45 pct in
+the 1988 budget.
+    Personal income tax would also be reduced but details had
+still to be worked out, he added.
+    The government aimed to make France the leading economic
+power in Western Europe within five years, he told his
+television interviewer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15194" NEWID="9673">
+<DATE>25-MAR-1987 18:53:37.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2721&#31;reute
+u f AM-DEBT 1STLD  03-25 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IADB MEETING ENDS WITH U.S. ISOLATED ON REFORM</TITLE>
+<AUTHOR>     By Keith Grant</AUTHOR>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>The United States remained isolated among
+the Inter-American Development Bank's 44 members as the Bank
+ended its annual meeting here today without agreement on U.S.
+proposals to reform the regional lending institution.
+    The three-day meeting was dominated by the dispute and by
+the failure of Brazil and its creditor banks to make any
+breakthrough on debt talks after Brasilia suspended interest
+payments last month.
+    Brazil's Central Bank governor Francisco Gros said after
+talks with its 14-bank advisory committee here yesterday that
+it could not make a token interest payment now, as sought by
+banks, but would maintain contact with the banks.
+    Delegates agreed to shelve discussion of IADB reforms until
+the half-yearly International Monetary Fund and World Bank
+meetings in two weeks time in Washington at which a decision
+will be urgently sought in order to maintain credit flows to
+the recession-hit region.
+    "The Bank cannot maintain an adequate lending level unless
+it is given increased resources," IADB president Antonio Ortiz
+Mena told a press conference.
+    Ortiz Mena said 42 countries opposed Washington's proposal
+to lower veto power over loans to 35 pct of the Bank's voting
+shares from a simple majority as at present.
+    U.S. Treasury Secretary James Baker said Monday the United
+States, as 34.5 pct shareholder and provider of the bulk of the
+Bank's resources, should have more say in approving loans and
+conditioned a nine billion dlr increase in its contribution on
+approving the reforms.
+    But Ortiz Mena said Latin America and the non-regional
+members including Europe and Japan had all supported a 40 pct
+veto level. Canada declined to state a position.
+    Behind the dispute was a U.S. attempt to radically change
+the direction of the Bank, which has lent 35 billion dlrs to
+Latin America in its 28 years, and give it a bigger role in the
+current debt strategy with increased lending but more stringent
+conditions attached.
+    But Ortiz said the Bank cannot divert too much of its
+resources to so-called sectoral lending, whereby loans to
+specific sectors are tied to economic reforms, because this
+could affect the Bank's Triple A rating as a borrower in world
+markets.
+    "For this reason we have agreed to limit sectoral loans to
+25 pct of the total, leaving the rest for investment in
+projects," he said.
+    Ortiz Mena earlier told the Bank's closing session that as
+a result of negotiations here, the Bank can expect a new
+injection of about 25 billion dlrs for the period 1987-90.
+    The United States has said it will only be able to support
+a level close to the sixth replenishment of funds, which came
+to 15.7 billion dlrs, unless its proposals are accepted.
+    But despite the impasse, some Latin American delegates
+including Mexican Finance Minister Gustavo Petricioli said they
+were optimistic a compromise agreement could be reached next
+month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15195" NEWID="9674">
+<DATE>25-MAR-1987 18:54:14.76</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D><D>ecuador</D><D>mexico</D><D>trinidad-tobago</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM
+&#22;&#22;&#1;f2724&#31;reute
+r f BC-latin-oil-producers-t   03-25 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATIN OIL PRODUCERS TO MEET IN CARACAS</TITLE>
+<DATELINE>    CARACAS, March 25 - </DATELINE><BODY>Five regional oil producing nations
+will gather in Caracas tommorrow for a two-day meeting expected
+to center on ways to combat proposals for a U.S. tax on
+imported petroleum, the Venezuela's ministry of energy and
+mines said.
+    Oil ministers from Mexico, Trinidad and Tobago, Ecuador and
+Venezuela will be on hand for the fifth meeting of the informal
+group of Latin American and Caribbean Petroleum Exporters,
+formed in 1983, it said. Colombia will also attend for the
+first time, as an observer nation, the ministry said.
+    Energy and Mines Minister Arturo Hernandez Grisanti said
+the conference has no set agenda but one entire session Friday
+will be devoted to proposals for a tax on imported oil.
+    Two of the group's members, Venezuela and Mexico, are
+second and third largest foreign suppliers of oil to the United
+States, respectively, following Canada.
+    Venezuela, concerned about the effect such a tax would have
+on its exports, undertook a diplomatic push to coordinate
+strategy against such measures. In February, Canadian Energy
+Minister Marcel Masse was invited to Caracas for talks with
+Hernandez on proposals for an oil import tax.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15196" NEWID="9675">
+<DATE>25-MAR-1987 18:55:01.02</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2726&#31;reute
+u f BC-RESERVE-BANK-CUTS-RED   03-25 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN RESERVE BANK CUTS REDISCOUNT RATE</TITLE>
+<DATELINE>    SYDNEY, Mar 26 - </DATELINE><BODY>The Reserve Bank of Australia this morning
+cut the rediscount rate from 17.30 pct to 17.00 pct.
+    The rediscount is the rate at which the bank buys back
+treasury notes.
+    Market sources said the cut reflected the recent easing in
+market interest rates. They also pointed to yesterday's
+treasury note tender where the 400 mln dlrs of 13-week notes
+went at an average yield of 15.473 pct, down from 15.870 last
+week. The 100 mln dlrs of 26-week notes went at an average
+15.414 from 15.790 last week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15197" NEWID="9676">
+<DATE>25-MAR-1987 18:57:18.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>brazil</D></PLACES>
+<PEOPLE><D>machinea</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f2729&#31;reute
+u f BC-ARGENTINA-COULD-MAKE   03-25 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA SAYS COULD FOLLOW BRAZILIAN DEBT MOVE</TITLE>
+<DATELINE>    BUENOS AIRES, March 25 - </DATELINE><BODY>Central Bank President Jose Luis
+Machinea said Argentina could adopt the same posture as Brazil
+and suspend payments on its foreign debt if it failed to meet
+creditor bank demands.
+    "If Argentina had the same difficulties in being unable to
+refinance (its debt) under the desired (creditor) conditions,
+that (Brasil's) is a path to take," Machinea said.
+    Brasil last month suspended payments on a large part of its
+109-billion dlr debt, the highest in the developing world.
+    Machinea said Brasil did not suspend payments because it
+wanted to but because it lacked reserves.
+    Argentina has since last month been negotiating a 2.15
+billion dlr loan with the steering committee for its
+international creditor banks to meet 1987 growth targets.
+    But Machinea said the talks were difficult and Argentina
+wanted to conclude them as soon as possible.
+    "What the (creditor) banks are demanding is not the same as
+what Argentina is prepared to concede," Machinea said.
+    Argentina has a global foreign debt of 50 billion dlrs. Its
+debt with private banks is about 30 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15198" NEWID="9677">
+<DATE>25-MAR-1987 18:57:32.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2731&#31;reute
+d f BC-GENOVA-&lt;GNVA>-SIGNS-D   03-25 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENOVA &lt;GNVA> SIGNS DEFINITIVE MERGER AGREEMENT</TITLE>
+<DATELINE>    DAVISON, Mich., March 25 - </DATELINE><BODY>Genova Inc said it signed a
+definitive agreement for the previously announced merger with
+&lt;Genova Products Inc>.
+    Under the agreement, Genova Products will pay 5-3/8 dlrs a
+share for the 29 pct of Genova's outstanding common shares it
+does not already own.
+    The company said it plans to complete the transaction,
+which requires shareholder approval, by the end of March.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15199" NEWID="9678">
+<DATE>25-MAR-1987 19:00:45.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2739&#31;reute
+d f BC-PENOBSCOT-SHOE-CO-&lt;PS   03-25 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENOBSCOT SHOE CO &lt;PSO> 1ST QTR FEB 27 NET</TITLE>
+<DATELINE>    OLD TOWN, Me., March 25 - 
+    </DATELINE><BODY>Shr 69 cts vs six cts
+    Net 421,306 vs 44,132
+    Revs 3,721,178 vs 3,125,935
+    Note: Current qtr net includes a gain of 281,000 dlrs,
+mostly from the sale of securities and property.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15200" NEWID="9679">
+<DATE>25-MAR-1987 19:01:30.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f2740&#31;reute
+r f BC-DREXEL   03-25 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DREXEL SAYS BUSINESS STRONG DESPITE TRADE PROBE</TITLE>
+<AUTHOR>    By Richard Satran, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>Drexel Burnham Lambert Inc said
+Wednesday its business is booming, despite its inability to
+distance itself from the insider trading scandal that has
+spread rumors and doubts through Wall Street.
+    "For a company that's supposed to be under siege, we are
+doing extremely well. We are exceedingly profitable," a
+spokesman for the firm told Reuters.
+    The rumors that have swirled around Drexel, more than any
+other broker, have involved concerns that its business will be
+threatened by the Federal probe, say Wall Street sources. The
+firm has long been at the leading edge of the mergers business
+and had ties to now-disgraced speculator Ivan Boesky.
+    In the latest chapter of the story, Drexel said that some
+commodities firms have begun to limit the amount of business
+they will do with the firm, citing credit risks. Drexel has
+long been a powerful competitor in precious metals markets.
+    But Drexel spokesman Steve Anredder told Reuters that
+Drexel's overall business is proceeding normally and the
+first-quarter profit "could be the strongest of anybody on Wall
+Street."
+    "I wouldn't say we're not feeling any effect (from the
+trading probes)," he said. "But we're doing extremely well."
+    The firm was among the first to be subpoenaed in the
+government's wide-ranging probe of illegal trading involving
+the use of confidential company information on Wall Street.
+    Believed to be under particular scrutiny was Drexel's "junk
+bond" operation -- the issuance of high-risk speculative debt
+that it pioneered for financing corporate takeovers.
+    "We have done nothing wrong," said the Drexel spokesman.
+"After a thorough investigation, we have found no evidence of
+any wrongdoing by the firm or anyone within the firm."
+    The spokesman said that in the aftermath of the Boesky
+arrest, Drexel had not been charged. Nor had any individual at
+the firm been charged with illegal acts while employed by
+Drexel. One of its top merger specialists, Martin Siegel, was
+charged in connection with a former job.
+    Still, more than any other firm on Wall Street, Drexel has
+suffered the consequences of the insider trading probe. To
+begin with, there have been a series of brief shocks in the
+junk bond market, in nervousness linked to rumors that Drexel
+might be in trouble.
+    At one point, Drexel said Wednesday, a large Midwest bank
+refused to allow Drexel-issued bonds as collateral on credit
+lines. Two weeks ago, the restriction was withdrawn, it said.
+    The company also was notified last month that the outside
+insurer of Drexel's individual brokerage accounts had decided
+not to renew coverage. Drexel has set up its own subsidiary
+handling part of the insurance. American International Group
+and a group of British underwriters have handled the rest.
+    Drexel also appears to have lost ground to others in the
+mergers and acquisition business recently, market sources said.
+However, Anredder said that there was no sign that Drexel had
+lost any customers at all owing to the insider trading cases.
+But in citing results for the quarter, the company points
+mostly to other areas of success.
+    Corporate financings have totaled 8 billion dlrs, including
+3 billion dlrs in new junk bonds in the January-March period,
+Drexel said. Drexel maintains the lion's share of this
+lucrative business, trade sources noted.
+    The market for junk bonds, although jittery, "has rallied
+back with a vengeance," Anredder said.
+    Although they see new competition in the junk bond arena,
+market sources concur that Drexel remains king of the hill.
+    While some of the leading Wall Street firms were limiting
+head-to-head dealings with Drexel in the commodity markets 
+based on worries over the credit of the company, the Drexel
+spokesman called this "ridiculous."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15201" NEWID="9680">
+<DATE>25-MAR-1987 19:04:37.95</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D><D>mexico</D><D>guatemala</D><D>el-salvador</D><D>honduras</D><D>costa-rica</D><D>nicaragua</D><D>panama</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2745&#31;reute
+u f BC-NO-CHANGE-IN-BRAZIL'S   03-25 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAUSTER SAYS NO CHANGE IN BRAZIL'S COFFEE POLICY</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 25 - </DATELINE><BODY>Brazil will not announce any
+changes to its coffee export policy, Brazilian Coffee Institute
+(IBC) president Jorio Dauster said.
+    He told Reuters Brazil was not planning to modify the
+position it held before the recent International Coffee
+Organisation meeting.
+    Earlier this month, talks in London to set new ICO export
+quotas failed.
+    Commenting on the outcome of a coffee producers' meeting in
+Managua last weekend, Dauster said that they discussed nothing
+involving the market.
+    "In the meeting we agreed to work on behalf of the union of
+the producers in matters related to an international agreement,"
+Dauster said.
+    The Managua meeting was attended by representatives from
+Brazil, Mexico, Guatemala, El Salvador, Honduras, Costa Rica,
+Nicaragua and Panama, the latter represented at the meeting
+merely as an observer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15202" NEWID="9681">
+<DATE>25-MAR-1987 19:06:59.77</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2750&#31;reute
+d f BC-EXCHANGE-RATE-BILL-CL   03-25 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXCHANGE RATE BILL CLEARS U.S. HOUSE PANEL</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The House Banking Committee adopted
+legislation to direct the U.S. Treasury to begin negotiations
+aimed at seeking regular adjustment of exchange rates by  
+countries such as Taiwan and South Korea whose currencies are
+pegged to the value of the U.S. dollar.
+    The measure was adopted as part of a wide-ranging trade
+bill that will be considered by the full House in April before
+it moves onto the Senate.
+    The bill's many provisions also set as a priority for the
+U.S. the negotiation of stable exchange rates and urge
+government intervention as necessary to offset fluctuations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15203" NEWID="9682">
+<DATE>25-MAR-1987 19:12:12.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2754&#31;reute
+d f BC-CONSOLIDATE-CAPITAL-T   03-25 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATE CAPITAL TRUST &lt;CIOTS> 4TH QTR NET</TITLE>
+<DATELINE>    EMERYVILLE, Calif., March 25 - 
+    </DATELINE><BODY>Shr 32 cts vs nil
+    Net 1.2 mln vs 100,000
+    Avg shrs 3,692,000 vs 3,148,000
+    Year
+    Shr 1.02 dlrs vs 54 cts
+    Net 3.7 mln vs 800,000
+    Avg shrs 3,607,000 vs 1,461,000
+    Note: Net is after depreciation.
+    Full name is Consolidated Captial Income Opportunity
+Trust/2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15204" NEWID="9683">
+<DATE>25-MAR-1987 19:13:35.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f2755&#31;reute
+u f AM-DEBT-BRAZIL   03-25 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SARNEY REITERATES THAT BRAZIL WILL NOT GO TO IMF</TITLE>
+<DATELINE>    BRASILIA, March 25 - </DATELINE><BODY>President Jose Sarney rejected calls
+from foreign creditors and from some Brazilian businessmen that
+the government talk to the International Monetary Fund.
+    In a speech to about 3,000 mayors and local officials,
+Sarney reiterated that the government would not accept any
+monitoring of its economy by the IMF.
+    He said, "We are going to struggle with courage for Brazil
+and its growth. For this reason I have said that Brazil will
+accept no monitoring by the IMF."
+    In highly-publicized talks with Sarney near Sao Paulo last
+Saturday, several Brazilian business leaders said they favoured
+a return to the IMF, arguing that it would make debt
+negotiations easier and bring new money into the country.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15205" NEWID="9684">
+<DATE>25-MAR-1987 19:15:06.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2758&#31;reute
+u f BC-U.S.-BANKS-SEEN-STEPP   03-25 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANKS SEEN STEPPING UP SECURITIES ROLE</TITLE>
+<DATELINE>    NEW YORK, March 25 - </DATELINE><BODY>The Glass-Steagall Act separating
+banking and securities activities in the U.S. is all but dead
+following decisions by federal and state authorities, the
+chairman of Bankers Trust Co asserted.
+    "There are plainly nails in the coffin of Glass-Steagall,"
+Alfred Brittain said in remarks prepared for delivery to a
+meeting of bank and financial analysts.
+    He noted the Federal Reserve Board is due to decide Bankers
+Trust's application for a subsidiary that can underwrite
+certain securities.
+    Brittain said New York State bank regulators have welcomed
+applications for affiliates of New York-chartered banks which
+could underwrite corporate securities. And he said a U.S. Court
+of Appeals upheld Bankers Trust's commercial paper business.
+    He said eventually the financial services industry will see
+fewer but bigger companies drawn from the ranks of the present
+commercial banks, investment banks and conglomerates.
+    On another topic, Britain called for a redefinition of the
+role of the Federal Deposit Insurance Corporation.
+    "I think we should return to the original purpose of FDIC
+insurance -- to protect small despositors and not depository
+institutions themselves," Brittain said.
+    He suggested banks be permitted to offer both insured
+deposits and uninsured deposits. High quality assets would be
+segregated to back up insured deposits.
+    He said big banks could then fail without draining the
+insurance funds. "Stockholders could be wiped out, management
+rmemoved and uninsured creditors could take their fair share of
+any losses," he said. But insured deposits under 100,000 dlrs
+would be protected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15206" NEWID="9685">
+<DATE>25-MAR-1987 19:16:47.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2761&#31;reute
+r f BC-PALO-VERDE-UNIT-3-GRA   03-25 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PALO VERDE UNIT 3 GRANTED OPERATING LICENSE</TITLE>
+<DATELINE>    WINTERSBURG, Ariz., March 25 - </DATELINE><BODY>The United States Nuclear
+Regulatory Commission granted a low-power operating license to
+Unit 3 of the Palo Verde nuclear plant, plant's owners said.
+    Owners of the Palo Verde plant include AZP Group's Arizona
+Public Service Co unit, which holds a 29.1 pct interest, and
+Southern California Edison &lt;SCE> and El Paso Electric Co, which
+each own a 15.8 pct stake.
+   The owners said the license will allow for fueling and
+testing of up to five pct of the plant's power. Fueling will
+begin in a few days, they said.
+    The commission must review the results of the low-power
+testing before it can approve full-power operation.
+    The owners of plant said they expect to begin full-power
+operation by the end of 1987.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15207" NEWID="9686">
+<DATE>25-MAR-1987 19:20:42.04</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2764&#31;reute
+f f BC-TREASURY'S-BAKER-SAYS   03-25 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS HE STANDS BY PARIS PACT TO FOSTER STABLE CURRENCIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15208" NEWID="9687">
+<DATE>25-MAR-1987 19:24:43.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2767&#31;reute
+u f BC-MEMBERS-VOTE-TO-DISSO   03-25 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEMBERS VOTE TO DISSOLVE U.S. FARM CO-OP</TITLE>
+<DATELINE>    CHICAGO, March 25 - </DATELINE><BODY>The shareholders of Illinois
+Cooperative Futures Co voted to dissolve the 26-year-old firm,
+the futures trading arm of 85 farm cooperatives, its president
+said.
+    Thomas E. Mulligan, president of the board of directors,
+said 87 pct of the 61 members voting favored dissolution.
+    The directors recommended the move, citing falling volume
+and higher costs, when it called a special shareholders meeting
+last month.
+    Mulligan said the cooperative would continue operating
+until April 24, when the member cooperatives will have to begin
+clearing their futures trades through other companies.
+    Mulligan said one of the members, Farmers Commodities of
+Des Moines, Iowa, was attempting to organize a new cooperative
+to replace Illinois Coop as a clearing company.
+    Sources close to Farmers Commodities confirmed its plans,
+but Hal Richards, president, could not be reached immediately
+for comment, and it was unknown how many cooperatives might be
+willing to band together.
+    Industry sources said Farmers Commodities would face a
+difficult task in setting up a new clearing organization by
+April 24, the day Illinois Cooperative will be dissolved.
+    They would have to obtain commitments from a sufficient
+number of cooperatives to meet minimum capital requirements,
+obtain trading memberships, and set up the office mechanisms to
+handle futures trading.
+    In the meantime, commercial clearing firms have been
+courting the individual coops, trying to obtain their business
+with low trading rates.
+    If Farmers Commodities is unable to set up a clearing
+organization by April 24, individual members will find other
+homes, and they're unlikely to change clearing firms a second
+time, one industry source said.
+    The demise of Illinois Coop was set in motion by the
+withdrawl of Growmark, Inc., the largest member with more than
+70 pct of the capital stock, according to sources within the
+cooperative.
+    Mulligan acknowledged prior to the vote that Growmark had
+no need to belong to the cooperative since it became affiliated
+last year with Archer Daniels Midland.
+    But he said Illinois Cooperative would still have been able
+to meet minimum capital requirements without Growmark.
+    The vote to dissolve the organization was met with "a
+certain amount of pang," he said. "But in the final analysis,
+the decision has to be economic, not emotional."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15209" NEWID="9688">
+<DATE>25-MAR-1987 19:29:13.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2775&#31;reute
+r f BC-U.S.-SENATE-FARM-PANE   03-25 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE FARM PANEL MAKEUP STILL IN DOUBT</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>The composition of the Senate
+Agriculture Committee, in question since the death of Nebraskan
+Democratic Sen. Edward Zorinsky, remains in doubt.
+    Zorinsky's death earlier this month cut the Democrats'
+majority on the committee to 9-8.
+    Zorinsky's replacement, Republican David Karnes, has said
+he would like a seat on the panel, and Senate Republican Leader
+Robert Dole (R-Kan.) is said to have thrown his support behind
+Karnes, who would add a Midwestern vote to the panel.
+    But Karnes' appointment to the committee would require at
+least one Republican to step off the committee.
+    Aides to Republican Sens. Mitch McConnell (Ky.) and Pete
+Wilson (Calif.), whose spots on the panel were rumored to be in
+jeopardy, said their bosses were categorically opposed to being
+pushed off the committee.
+    Committee Chairman Patrick Leahy (D-Vt.) told Reuters he
+had rejected a suggestion that Democrats and Republicans each
+add one member to the committee.
+    Leahy said he would be "delighted" to have freshman Sen. John
+Breaux (D-La.) join the committee. But Breaux's appointment was
+being resisted by Midwestern Democrats, who feel southern
+states are adequately represented on the committee.
+    An aide to Sen. James Exon (D-Neb.) said the senator,
+supported by Midwestern Democrats, had not ruled out the
+possibility of moving to the committee.
+    The inability of the two parties to settle the matter could
+increase the possibility that the Democratic majority would be
+left untouched at 9-8.
+    The issue is expected to be resolved any day, Senate staff
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15210" NEWID="9689">
+<DATE>25-MAR-1987 19:40:41.28</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2783&#31;reute
+b f BC-BAKER-SAYS-HE-STANDS   03-25 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS HE STANDS BY PARIS CURRENCY AGREEMENT</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Treasury Secretary James Baker said
+he stood by the Paris agreement among leading industrial
+nations to foster exchange rate stability around current
+levels.
+    "I would refer you to the Paris agreement which was a
+recognition the currencies were within ranges broadly
+consistent with economic fundamentals," Baker told The Cable
+News Network in an interview.
+    "We were quite satisfied with the agreement in Paris
+otherwise we would not have been a party too it," he said.
+    Baker also noted the nations agreed in the accord to
+"co-operate to foster greater exchange rate stability around
+those levels."
+    He refused to comment directly on the current yen/dollar
+rate but said flatly that foreign exchange markets recently
+tended "to draw unwarranted inferences from what I say."
+    Baker was quoted on British Television over the weekend as
+saying he has no target for the U.S. currency, a statement that
+triggered this week's renewed decline of the dollar.
+    "I think the Paris agreement represents evidence that
+international economic policy co-ordination is alive and well,"
+Baker said.
+    The Treasury Secretary stressed however it was very
+important for the main surplus countries to grow as fast as
+they could consistent with low inflation to resolve trade
+imbalances.
+    He added that Federal Reserve Board chairman Paul Volcker
+has also "been very outspoken" in suggesting main trading
+partners grow as fast as they can.
+    Baker noted that the J-curve, the delayed beneficial effect
+of a weakening of a currency on that country's trade balance,
+takes 12 to 18 months to work its way through to the trade
+deficit and it is now 18 months since the Plaza agreement to
+lower the dollar's value.
+    He also said improvements in the trade deficit should come
+from other sources besides the exchange rate, and pointed out
+the administration's package to improve U.S. Competitiveness
+was now before Congress.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15211" NEWID="9690">
+<DATE>25-MAR-1987 19:44:10.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2786&#31;reute
+u f BC-BAKER-DECLINES-COMMEN   03-25 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER DECLINES COMMENT ON VOLCKER REAPPOINTMENT</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Treasury Secretary James Baker
+declined to comment on whether President Reagan would reappoint
+Paul Volcker to a third term as chairman of the Federal Reserve
+Board.
+    "I spent four years and two weeks in the White House job 
+refusing to comment on personnel matters," he said in an
+interview with the Cable News Network. "I'm not going to change
+now."
+    But Baker did say Volcker has "done a tremendous job" and
+added they get on "extremely well", both when he was White House
+chief of staff and during his term at Treasury.
+    When asked whether he differed with Volcker on
+international economic policy, Baker said "there's really no
+difference of opinion between us with respect to these matters."
+    In other comments, Baker said he did not think a tax rise
+was a good idea and nor did President Reagan. But he believed
+Congress would enact some spending cuts. "The minute you say
+raise taxes, all restraints on spending go by the board."
+    He once again pointed out that taxes were 19 pct of gnp but
+spending was at 24 pct, a statistic he used to argue strongly
+for spending cuts.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15212" NEWID="9691">
+<DATE>25-MAR-1987 21:16:45.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE><D>wang-bingqian</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2814&#31;reute
+b f BC-CHINA-SAYS-1986-BUDGE   03-25 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA SAYS 1986 BUDGET DEFICIT 7.08 BILLION YUAN</TITLE>
+<DATELINE>    PEKING, March 26 - </DATELINE><BODY>China posted a budget deficit of 7.08
+billion yuan in 1986, the fourth highest since 1949, after a
+surplus of 2.82 billion in 1985, Finance Minister Wang Bingqian
+told the National People's Congress.
+    He put 1986 revenue at 222.03 billion yuan, against a
+budgeted 214.17 billion, and up from 185.41 billion in 1985,
+and expenditure at 229.11 billion, against a budgeted 214.17
+billion and 182.59 billion in 1985.
+    Official figures show the record post-1949 budget deficit
+was 17 billion yuan in 1979.
+    Wang said the 1986 deficit was due to excess capital
+construction and administrative expenses and unjustified and
+extravagant investments outside the state plan.
+    He also blamed the inefficiency of firms whose production
+costs and losses rose. He said subsidising state firms' losses
+cost 32.25 billion yuan. The 1985 budget did not give a
+separate figure for this.
+    He said the processing industry developed too fast and some
+projects could not start operations because of power shortages,
+while too many non-productive facilities were set up.
+    Wang said 1986 and 1985 investment in fixed assets rose
+15.3 pct and 41.8 pct respectively year on year and consumption
+funds rose 12.5 pct and 23.7 pct, outstripping the growth in
+national income.
+    Wang said revenues were affected by the steep fall in world
+oil prices, the decline in the price of primary products, a
+drop in income from customs duties and the rising cost of
+earning foreign exchange through exports.
+    Revenue also fell because the state raised the rate of
+depreciation for fixed assets of certain state firms, reduced
+their regulatory tax and made other tax cuts for firms.
+    Wang said 1986 tax receipts rose to 206.45 billion yuan
+from 201.82 billion in 1985, state treasury bond receipts to
+6.2 billion from 6.04 billion and receipts from foreign loans
+rose to 7.87 billion from 2.5 billion.
+    He said 1986 budgetary spending on capital construction
+rose to 65.57 billion yuan from 56.97 billion in 1985, on
+technical renovation and new products to 12.62 billion from
+10.05 billion, aid to rural production and other farm expenses
+to 12.03 billion from 10.16 billion, culture, science,
+education and public health to 38 billion from 31.72 billion
+and defence to 20.13 billion from 19.15 billion.
+     Wang said expenditure for repaying principal and interest
+on foreign loans in 1986 was 3.4 billion yuan, up from 3.26
+billion in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15213" NEWID="9692">
+<DATE>25-MAR-1987 22:07:00.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>guyana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f2840&#31;reute
+u f BC-GUYANA-FINANCE-MINIST   03-25 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUYANA FINANCE MINISTER OPTIMISTIC BUT SEEKS HELP</TITLE>
+<DATELINE>    MIAMI, March 25 - </DATELINE><BODY>Guyana hopes to overcome its financial
+problems within three to five years and is now seeking help
+from donor governments, Finance Minister Carl Greenidge said.
+    He said Guyana took its problems in January to the
+Caribbean Group for Cooperation and Development, which includes
+governments and multilateral agencies, with a view to finding a
+long-term recovery plan.
+    Guyana's arrears to the International Monetary Fund (IMF)
+are now 70 mln dlrs and it would not be eligible for new loans
+in the near future, Greenidge told Reuters during the
+Inter-American Development Bank (IADB) annual meeting here. MORE
+    Greenidge also said a World Bank mission would visit
+Georgetown this week to assess prospects for a rescue plan that
+would enable Guyana to revive its economy. But he said the
+government does not expect to be able to reduce its arrears
+this year.
+    Arrears to the IMF and the World Bank are projected to rise
+to 100 mln dlrs by the end of 1987. About 90 mln dlrs of this,
+equivalent to nearly half Guyana's annual exports, would be
+owed to the IMF.
+    "Expecting us to pay arrears is like asking a dying man to
+give a pint of blood," Greenidge said.
+    But Greenidge said Guyana has taken steps to reduce its
+fiscal deficit, which now amounts to 65 pct of GDP. It has
+increased taxes, reduced public expenditure and refinanced its
+internal debt.
+    He said the World Bank would meanwhile look at investment
+requirements for potential export-earning projects such as gold
+mining, timber, oil and kaolin.
+    Because of its arrears, Guyana has been unable to draw down
+a 40 mln dlr World Bank loan for a bauxite industry
+rehabilitation project. Bauxite accounts for 90 mln dlrs of
+exports, or 40 pct of the total.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15214" NEWID="9693">
+<DATE>25-MAR-1987 22:12:22.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2845&#31;reute
+u f BC-BAKER-OPPOSES-STOCK-T   03-25 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER OPPOSES STOCK TRANSACTION TAX PROPOSAL</TITLE>
+<DATELINE>     WASHINGTON, March 25 - </DATELINE><BODY>Treasury Secretary James Baker said
+he opposed a stock transactions tax proposed by House Speaker
+Jim Wright, D-Tex, or other special taxes.
+    "The stock transfer tax would be a particularly unfortunate
+approach to take," Baker said in an interview with Cable News
+Network.
+    The United States has some of the most efficient capital
+markets in the world and new taxes would impair efficiency, he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15215" NEWID="9694">
+<DATE>25-MAR-1987 22:27:14.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2851&#31;reute
+u f BC-BAKER-SEEKS-MORE-BANK   03-25 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SEEKS MORE BANK LOANS TO DEVELOPING NATIONS</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Treasury Secretary James Baker said
+banks must do more lending to developing countries.
+    Baker, in an interview on Cable News Network, was asked
+about such loans after Standard and Poor's Corp today
+downgraded the debt of six major money centre bank holding
+companies, largely because of their heavy loan exposure to
+developing nations.
+    Baker said developing countries must adopt free market
+economic policies such as that of the United States. He said
+capital flows will be required to support the needed reforms in
+those countries' economic systems.
+    The money must come either through equity or debt and Baker
+said developing nations' "investment regimes do not support
+enough equity investment, so you've got to have some debt
+there."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15216" NEWID="9695">
+<DATE>25-MAR-1987 23:08:37.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>chad</D><D>libya</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2869&#31;reute
+u f BC-LIBYANS-APPEAR-TO-BE   03-25 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBYANS APPEAR TO BE PULLING OUT OF CHAD</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Libyan forces appear to be
+withdrawing from their last stronghold in Chad after suffering
+defeats at the hands of French-backed government troops,
+according to officials in both the U.S. And France.
+    In Washington, a State Department spokesman told reporters
+"we have no reason to doubt that Libyan forces are leaving Faya
+Largeau," Libya's main garrison in Chad.
+    The French Defence Ministry said it could not confirm the
+departure of the Libyan troops, but an official said "it is
+extremely likely. They are deprived of air cover and supplies,
+and their morale must be zero."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15217" NEWID="9696">
+<DATE>25-MAR-1987 23:10:06.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>portugal</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2870&#31;reute
+u f BC-CHINA,-PORTUGAL-INITI   03-25 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA, PORTUGAL INITIAL MACAO PACT</TITLE>
+<DATELINE>    PEKING, March 26 - </DATELINE><BODY>China and Portugal today initialled a
+joint declaration under which the 400-year-old colony of Macao
+will be handed over to Peking on December 20, 1999, the
+official New China News Agency reported.
+    Portuguese Prime Minister Anibal Cavaco Silve said in
+Lisbon yesterday that China had promised that Macao's existing
+political, economic and social system will be maintained until
+the year 2050.
+    Macao, located across the Pearl River estuary from Hong
+Kong, has a population of about 400,000 people.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15218" NEWID="9697">
+<DATE>25-MAR-1987 23:28:00.08</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2879&#31;reute
+u f BC-BAKER-SEES-15-TO-20-B   03-25 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SEES 15 TO 20 BILLION DLR DROP IN TRADE GAP</TITLE>
+<DATELINE>    WASHINGTON, March 25 - </DATELINE><BODY>Treasury Secretary James Baker said
+he expected the U.S. Trade deficit to fall by 15 billion to 20
+billion dlrs in 1987.
+    Commenting on the deficit during an interview on Cable News
+Network, Baker said "I think you're going to see a 15 to 20
+billion dlr reduction this year." The deficit was 170 billion
+dlrs in 1986.
+    Baker noted that the benefits of a weaker currency take 12
+to 18 months to affect the trade balance, and said it is now 18
+months since the Plaza agreement to lower the dollar's value.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15219" NEWID="9698">
+<DATE>25-MAR-1987 23:32:44.59</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2883&#31;reute
+f f BC-Sumita-says-further-y   03-25 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Sumita says further yen rise would adversely affect Japanese economy
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15220" NEWID="9699">
+<DATE>25-MAR-1987 23:33:48.99</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2884&#31;reute
+f f BC-Sumita-says-major-nat   03-25 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Sumita says major nations will continue to cooperate to stabilize currencies
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15221" NEWID="9700">
+<DATE>25-MAR-1987 23:36:26.82</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2889&#31;reute
+u f BC-N.Z.-MONEY-SUPPLY-RIS   03-25 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. MONEY SUPPLY RISES 2.4 PCT IN JANUARY</TITLE>
+<DATELINE>    WELLINGTON, March 26 - </DATELINE><BODY>New Zealand's broadly defined,
+seasonally adjusted M-3 money supply grew an estimated 2.4 pct
+in January against a 3.4 pct (revised from 3.6) rise in
+December and a 0.7 pct rise in January 1986.
+    It said unadjusted M-3 increased to an estimated 30.13
+billion N.Z. Dlrs from 30.08 (revised from 30.06) billion in
+December and 25.18 billion in January 1986.
+    Year-on-year M-3 rose 19.66 pct in January from 17.80 pct
+(revised from 17.77) in December and 20.10 pct in January 1986.
+    Narrowly defined year-on-year M-1 growth was 21.94 pct in
+January against 15.89 pct in December and 14.10 pct a year
+earlier.
+    M-1 grew to an estimated 4.72 billion dlrs against 5.03
+billion in December and 3.87 billion in January 1986.
+    Year-on-year private sector credit, PSC, grew 31.07 pct in
+January against 30.64 pct (revised from 30.68) in December and
+21.40 pct in January 1986. PSC grew to 22.69 billion dlrs from
+22.24 billion in December and 17.31 billion in January 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15222" NEWID="9701">
+<DATE>25-MAR-1987 23:44:33.00</DATE>
+<TOPICS><D>money-fx</D><D>yen</D><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2894&#31;reute
+b f BC-FURTHER-YEN-RISE-WOUL   03-25 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FURTHER YEN RISE WOULD HURT JAPAN ECONOMY, SUMITA</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>Bank of Japan Governor Satoshi Sumita
+said a further yen rise would have adverse effects on the
+Japanese economy.
+    He told Japanese business leaders the Bank of Japan will
+continue to take adequate measures, including market
+intervention, to stabilize exchange rates if necessary, in
+close cooperation with other major industrialized nations. He
+said the current instability of exchange rates will not last.
+    Six major nations - Britain, Canada, France, Japan, the
+U.S. And West Germany - agreed in Paris last month to act
+together to hold currencies stable.
+    Sumita said the Bank of Japan will continue to pursue
+adequate and flexible monetary policies while watching economic
+and financial developments in and outside Japan.
+    He said the decision to cut the discount rate on February
+20 was a hard choice for the Bank because monetary conditions
+had already been sufficiently eased.
+    To prevent a resurgence of inflation, the Bank will take a
+very cautious stance regarding developments stemming from easy
+credit conditions, he said.
+    He said the latest discount rate cut to 2.5 pct should
+stabilize exchange rates and expand domestic demand.
+    Commenting on the dollar's fall below 150 yen, Sumita
+reiterated he cannot find any specific reason for the
+currency's weakness.
+    The market undertook speculative dollar selling by reacting
+to overseas comments by monetary authorities and trade tension,
+he said.
+    Sumita repeated that the Japanese economy may gradually
+recover in the latter half of the 1987/88 fiscal year ending
+April 1, 1988, provided exchange rates stabilize.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15223" NEWID="9702">
+<DATE>26-MAR-1987 00:02:46.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0001&#31;reute
+u f BC-JAPAN-VTR-AND-TV-EXPO   03-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN VTR AND TV EXPORTS FALL IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>Japan's video tape recorder (VTR) exports
+fell to 1.73 mln sets in February from 2.01 mln a year earlier
+for the fourth successive year-on-year drop, Finance Ministry
+customs-cleared export statistics show.
+    But February exports were up from 1.34 mln in January.
+    Cumulative exports in the first two months of 1987 totalled
+3.07 mln sets against 3.73 mln a year earlier.
+    Exports to the U.S. Fell to one mln sets in February from
+1.26 mln a year earlier, and those to the European Community
+(EC) fell to 232,275 from 263,009.
+    In the EC total, shipments to West Germany fell to 97,633
+from 100,218 a year earlier and those to the U.K. Fell to
+32,652 from 53,020.
+    Colour television exports fell to 343,315 sets in February
+from 416,832 a year earlier for the 16th consecutive
+year-on-year drop, bringing cumulative exports so far this year
+to 588,720 against 769,874 a year earlier.
+    February exports compared with 245,405 in January.
+    Exports to the U.S. Fell to 1.01 mln sets from 1.12 mln a
+year earlier and those to the EC fell to 33,763 from 67,955.
+Shipments to China fell to 39,858 from 53,925.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15224" NEWID="9703">
+<DATE>26-MAR-1987 00:22:21.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0007&#31;reute
+u f BC-DEMOCRAT-LOSES-BID-TO   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEMOCRAT LOSES BID TO WIN CONTRA AID ACCOUNTING</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Senate Democratic leader Robert Byrd
+yesterday failed to win the 60 votes needed to force a Senate
+vote on a bill demanding President Reagan account for U.S. Aid
+to the Nicaraguan Contras, including millions of dollars
+diverted to the rebels from U.S. Arms sales to Iran.
+    Following the defeat, Byrd said he would drop his effort,
+ending congressional manoeuvring over the 40 million dlr final
+instalment of a 100-million-dlr aid package approved last year
+for the contras.
+    Without congressional action to stop it, the aid became
+legally available to the Contras last weekend.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15225" NEWID="9704">
+<DATE>26-MAR-1987 00:25:33.34</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>de-clercq</D></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0008&#31;reute
+u f BC-EC-LINKS-AGRICULTURAL   03-26 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC LINKS AGRICULTURAL TRADE TALKS TO OTHER REFORM</TITLE>
+<DATELINE>    SYDNEY, March 25 - </DATELINE><BODY>The European Community (EC) considers
+talks on agricultural trade reform to be inseperable from talks
+on other trade reform in the present GATT round, Willy de
+Clercq, external relations commissioner of the EC, said.
+    He told reporters here the EC would not bow to pressure to
+reach an early, seperate agreement on agricultural trade.
+    He said the EC wanted to stick to the four-year schedule
+agreed by members of the General Agreement on Tariffs and Trade
+(GATT) in Punta del Este, Uruguay, last year. That included
+agricultural trade liberalisation for the first time in the
+lengthy program to re-negotiate the GATT.
+    Other trade issues being discussed in the current GATT
+round include reform of trade in merchandise and services.
+    De Clercq is on his way to China after attending a two-day
+conference for 22 GATT trade ministers held in New Zealand.
+    Several of those ministers criticised the EC for what they
+saw as restrictive agricultural trade practices and called for
+urgent reforms. U.S. Trade representative, Clayton Yeutter,
+also said it was important agreement on agricultural trade
+reform was reached as early as possible.
+    But de Clercq said the GATT program had been reached after
+long and hard negotiations, and the EC did not want changes.
+    "We just want to stick to the agreement which was reached,
+and that was very clear -- that the new round would be one
+undertaking. It is a global negotiation with no two tracks, no
+fast track, no slow track. It has just one track, the track -
+and that's all," de Clercq said.
+    "If you start selecting priorities, your priority is not my
+priority. We say that agriculture is urgent, but it's not the
+only urgent thing," he said.
+    He said the Punte del Este agreement had taken eight months
+to prepare and eight days of negotiations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15226" NEWID="9705">
+<DATE>26-MAR-1987 00:49:08.16</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>thailand</D><D>vietnam</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0025&#31;reute
+u f BC-VIETNAM'S-ARMY-ORDERE   03-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIETNAM'S ARMY ORDERED TO GROW MORE FOOD</TITLE>
+<DATELINE>    BANGKOK, March 26 - </DATELINE><BODY>Vietnam has ordered its army to grow
+more food to ease shortages and meet economic recovery goals
+set for 1990.
+    The army newspaper Quan Doi Nhan Dan, monitored here, said
+soldiers must work harder to care for rice, vegetables and
+other crops endangered by the present unusually hot weather.
+    The paper said the 1.6-mln strong regular army contributed
+less than one pct to the nation's 18.2 mln tonne food output.
+    North Vietnam has set a 1990 food target of 23 to 24 mln
+tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15227" NEWID="9706">
+<DATE>26-MAR-1987 01:01:30.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0027&#31;reute
+r f BC-LINDE-TURNOVER-UP-IN   03-26 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINDE TURNOVER UP IN FIRST TWO MONTHS OF 1987</TITLE>
+<DATELINE>    WIESBADEN, West Germany, March 26 - </DATELINE><BODY>Engineering group Linde
+AG's &lt;LING.F> world group turnover rose to 518.6 mln marks in
+the first two months of 1987, 5.2 pct more than in the same
+1986 period, management board chairman Hans Meinhardt said.
+    But world group incoming orders fell 2.2 pct to 587.3 mln
+marks, Meinhardt told the annual news conference. Excluding
+exchange rate movements, world group turnover rose 8.9 pct and
+incoming orders increased 1.0 pct.
+    Linde expects satisfactory results and increased sales this
+year but Meinhardt gave no detailed forecast. Domestic group
+1986 net profit rose to 105.79 mln marks from 80.71 mln.
+    Meinhardt said domestic group turnover rose 6.7 pct to
+394.1 mln marks in the first two 1987 months against the same
+period last year but incoming orders fell 5.2 pct to 456.6 mln.
+    Linde will ask shareholders at the annual meeting on May 13
+to raise authorised share capital by a maximum 30 mln marks
+nominal for the issue of share warrant bonds with a maximum
+issue volume of 200 mln marks. Linde's authorised share capital
+currently stands at a nominal 49.6 mln marks.
+    Meinhardt said the authorisation would give the company the
+necessary flexibility in case Linde needed additional funds for
+acquisitions. He declined to give further details.
+    While world group turnover rose 7.2 pct to 3.88 billion
+marks in 1986, incoming orders were barely changed at 3.91
+billion marks. Meinhardt said without the sharp appreciation of
+the mark against major trading partner currencies, incoming
+orders would have been four pct above the prior year's level.
+    World group turnover in heavy plant construction rose 7.4
+pct to 777 mln marks, but incoming orders dropped 5.7 pct to
+739 mln marks in the wake of the dollar and oil price plunge.
+    World sales for technical gases rose 5.1 pct to 1.05
+billion marks and incoming orders gained 5.2 pct to 1.05
+billion marks.
+    Meinhardt said Linde strengthened its market position in
+the refrigeration sector, with particularly strong turnover and
+order gains in Austria, Italy and Norway. World group sales in
+the sector fell 2.5 pct to 493 mln marks, but incoming orders
+rose 2.5 pct to 513 mln marks.
+    The fork lift truck and hydraulic sector saw world group
+sales rising 12.4 pct to 1.52 billion marks and incoming orders
+gaining 8.0 pct to 1.57 billion marks.
+    Domestic group turnover rose 8.2 pct to 2.93 billion marks
+and incoming orders increased 1.9 pct to 2.92 billion marks.
+The company was producing at full capacity in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15228" NEWID="9707">
+<DATE>26-MAR-1987 01:02:07.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0028&#31;reute
+u f BC-LINDE-AG-&lt;LING.F>-198   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINDE AG &lt;LING.F> 1986 YEAR</TITLE>
+<DATELINE>    WIESBADEN, West Germany, March 26 -
+    </DATELINE><BODY>Domestic group net profit 105.79 mln marks vs 80.71 mln
+    Turnover 2.93 billion marks vs 2.71 billion
+    Incoming orders 2.92 billion marks vs 2.86 billion
+    Order book at end December 2.28 billion vs 2.37 billion
+    Tax payments 104.98 mln marks vs 88.67 mln
+    Depreciation of fixed assets 107.25 mln marks vs 150.75 mln
+    New investment in fixed assets 148.88 mln vs 148.22 mln
+    Dividend already announced 12 marks vs 11
+    DVFA earnings per share 32.22 marks vs 27.54 marks
+    Shareholders annual meeting May 13, dividend date May 14
+    World group turnover 3.88 billion marks vs 3.62 billion
+    Incoming orders 3.91 billion marks vs 3.91 billion
+    New investment in fixed assets 247 mln marks vs 252 mln
+    No world group profit figures given
+    Parent company net profits 95.04 mln marks vs 74.91 mln
+    Turnover 2.28 billion marks vs 2.14 billion
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15229" NEWID="9708">
+<DATE>26-MAR-1987 01:06:01.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-PACIFIC-DUNLOP-ANNOUN   03-26 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC DUNLOP ANNOUNCES AIDS PROTECTION DISCOVERY</TITLE>
+<DATELINE>    MELBOURNE, March 26 - </DATELINE><BODY>Pacific Dunlop Ltd &lt;PACA.ME> said
+studies by its &lt;Ansell International> latex-product unit have
+shown a commonly-used spermicidal cream kills the AIDS virus.
+    Ansell regional director Chris Humphrey told a news
+conference the cream, already used in a condom brand as
+additional contraceptive protection, killed on contact the
+virus causing AIDS (acquired immune deficiency syndrome).
+    The discovery meant sexually active people could have a
+second level of protection against AIDS if a condom ruptured
+during sex, Humphrey said. "This is the best available
+protection against AIDS next to abstinence," he said.
+    But David Pennington, the head of Australia's government
+sponsored AIDS taskforce, said the use of the cream provided a
+slight safeguard but was no great breakthrough.
+    Pennington said that in the event of a condom rupturing
+semen was likely to travel beyond the cream's range.
+    Humphrey said the studies, commissioned by Ansell from
+Nelson Gantz of the University of Massachusetts and Fred Judson
+of the University of Colorado, showed nonoxynol-nine destroyed
+the AIDS virus present in 100 pct of rupture tests.
+    But he said it was not known whether nonoxynol-nine was as
+effective in sexual situations.
+    He stressed it was neither a cure nor a vaccine for AIDS.
+    Humphrey said nonoxynol-nine had been used for about 20
+years as a spermicidal cream without side-effects.
+    Analysts have attributed much of the rise in Pacific
+Dunlop's share price from 3.87 dlrs at the beginning of the
+year to a high of 5.36 dlrs to expected growth in its condom
+business. It closed today eight cents down at 4.67 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15230" NEWID="9709">
+<DATE>26-MAR-1987 01:13:01.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0035&#31;reute
+u f BC-BANK-OF-NEW-ZEALAND-S   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW ZEALAND SHARES TO BE LISTED NEXT WEEK</TITLE>
+<DATELINE>    WELLINGTON, March 26 - </DATELINE><BODY>&lt;Bank of New Zealand> (BNZ) shares
+will be listed on the New Zealand Stock Exchange next week,
+probably on Tuesday, the BNZ said.
+    "We look forward to the challenge of public accountability
+through the open market," it said.
+    BNZ, previously wholly owned by the state, issued 103 mln
+shares to the public in February, or nearly 13 pct of its
+capital, to raise 180.25 mln N.Z. Dlrs.
+    The publicly held shares will not have voting rights.
+    The government will retain 87 pct of the BNZ's capital, a
+total of 800 mln ordinary shares.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15231" NEWID="9710">
+<DATE>26-MAR-1987 01:13:30.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0036&#31;reute
+b f BC-JAPAN-SEEN-CUTTING-AP   03-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SEEN CUTTING APRIL BOND COUPON FROM FIVE PCT</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>The underwriting syndicate expects the
+Finance Ministry to propose a 0.2 to 0.3 percentage point cut
+in the coupon of the 10-year government bond to be issued in
+April from the five pct March issue, underwriting sources said.
+    The expected proposal is likely to await passage of a
+provisional budget for 1987/88 starting April 1 by the Lower
+House of Parliament on March 30, the sources said.
+    Issue volume is likely to be 1,200 to 1,400 billion yen
+against 475 billion in March, they said. Projected issue price
+is around par against 99.50 for the March bond, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15232" NEWID="9711">
+<DATE>26-MAR-1987 01:27:34.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>sse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0039&#31;reute
+u f BC-SINGAPORE-RULE-CHANGE   03-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE RULE CHANGES SEEN HAVING LITTLE IMPACT</TITLE>
+<DATELINE>     SINGAPORE, March 26 - </DATELINE><BODY>Revisions to the by-laws of the
+Stock Exchange of Singapore to be introduced on April 1 will
+have little impact on the market, brokers and analysts said.
+    One analyst did say, however, that the removal of fixed
+commissions on transactions in government securities and Asian
+currency bonds would increase trading volume, because most
+deals before were transacted directly between clients.
+    One change will allow stockbroking firms to advertise, but
+brokers said this would not have much effect because most
+corporate clients already know the market well.
+    Many remisiers (brokers' agents) and dealers criticised the
+exchange for not taking the opportunity to abolish or cut
+transfer fees on remisiers moving to other firms.
+    One remisier said the transfer fees inhibit an efficient
+broking system because they restrict brokers' movements.
+    But most remisiers welcomed the amendment to replace cash
+deposits with bank guarantees for business transactions. Where
+an extra deposit is needed, it can in future be either in cash
+or in securities approved by the exchange.
+    Other remisiers felt the new rule that they must report all
+transactions involving 50,000 dlrs or more to the exchange was
+unnecessary.
+    Another revision says broking firms are not allowed to
+improve a buying and selling quote by more than one bid during
+the last five minutes of trading.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15233" NEWID="9712">
+<DATE>26-MAR-1987 01:28:30.89</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0041&#31;reute
+u f BC-TRADE-SURPLUS-CUT-WOU   03-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE SURPLUS CUT WOULD BENEFIT JAPAN - SUMITA</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>Bank of Japan Governor Satoshi Sumita
+said it is in Japan's national interest to make greater efforts
+to reduce its trade surplus.
+    He told business executives the most important issues for
+the world economy are the correction of international trade
+imbalances and a solution to the world debt problem.
+    To this end, Japan and the U.S. Must make medium- and
+long-term efforts to alter economic structures which have
+expanded the trade gap between the two nations. World economic
+growth and therefore an expansion of debtor countries' export
+markets are needed to solve the debt issue, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15234" NEWID="9713">
+<DATE>26-MAR-1987 01:33:38.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0044&#31;reute
+u f BC-VIOLENCE-REPORTED-IN   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIOLENCE REPORTED IN ECUADOR GENERAL STRIKE</TITLE>
+<DATELINE>    QUITO, March 26 - </DATELINE><BODY>At least 14 people were injured and many
+arrested in clashes during a one-day general strike called by
+Ecuadorean workers to protest against austerity measures
+imposed after a major earthquake on March 5.
+    Interior Minister Luis Robles said the worst violence was
+in Quito, where demonstrators threw rocks at a luxury hotel and
+a number of banks.
+    Over 80 people in eight cities were detained for stoning
+police, attacking troops, damaging buildings and setting fire
+to cars, he said. The casualty and damage toll is expected to
+rise as detailed reports reach the capital from the provinces.
+    Labour leaders said they shut down all of Ecuador's
+industrial plants, but Labour Minister Jorge Egas said of the
+country's 900 largest factories only 86 were closed, 32 were
+partially working and the rest operating normally.
+    The strike, called by leftist unions and declared illegal
+by the government, was aimed at pressing the administration to
+scrap an austerity program adopted on March 13 following an
+earthquake that killed up to 1,000 people and caused an
+estimated billion dlrs in damage.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15235" NEWID="9714">
+<DATE>26-MAR-1987 01:54:59.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0050&#31;reute
+u f BC-PHILIPPINE-DEBT-TALKS   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE DEBT TALKS PROCEED WITH NARROWER FOCUS</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>The latest round of talks between
+Philippine officials and the country's commercial bank
+creditors on the rescheduling of 9.4 billion dlrs worth of debt
+are still proceeding, but with a narrower focus, Philippine
+Finance Secretary Jaime Ongpin said.
+    He told a press briefing Wednesday that Manila has dropped
+a two-tier interest payment offer, which would have given banks
+a higher return if they took partial payment in new Philippine
+investment notes (PINs) instead of in cash.
+    "The PINs proposal has been laid aside.... The discussion is
+now on pricing (of just the cash payments)," he said.
+    Foreign banking sources in Manila said on Tuesday that the
+Philippines had raised its basic interest rate offer to 7/8
+over the London interbank offered rate (LIBOR) but Ongpin would
+not discuss details of the pricing negotiations.
+    He also refused to speculate on when an overall agreement
+might be reached. The talks have been going on for more than
+three weeks.
+    Manila originally offered to pay interest in cash at 5/8
+over LIBOR or in a mixture of cash and PINs -- tradeable,
+dollar-denominated, zero coupon notes that could potentially
+yield up to one point over LIBOR.
+    The PINs option was subsequently modified to guarantee at
+least a 7/8 point spread over LIBOR but many bankers still had
+grave reservations, seeing it as a possible precedent for other
+large debtors to avoid paying interest in cash.
+    The PINs proposal has now been left on the table as a
+separate option for those banks, which might want to fund their
+own investments in the Philippines or sell the notes in the
+secondary market, Ongpin said.
+    Under Manila's plan, the PINs would be redeemable at full
+face value in Philippine pesos to fund local equity investments
+at any time prior to their six-year maturity date.
+    While the commercial banks had their doubts about the PINs
+proposal, Ongpin said there was great interest on the part of
+certain investment banks which are already active in the
+secondary market for sovereign debt.
+    Unlike current debt/equity schemes, Ongpin said, the PINs
+would include no government fees and would be free from
+"administrative hassles."
+    He said about six investment banks had been approached and
+four had replied so far. One even showed interest in buying 45
+mln dlrs worth of notes, he said.
+    Ongpin said that by funding current interest payments in
+the secondary market through the PINs scheme, the Philippines
+could conserve at least one to 1.5 billion dlrs of foreign
+exchange reserves during its planned seven-year restructuring
+period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15236" NEWID="9715">
+<DATE>26-MAR-1987 02:03:31.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D><D>peru</D></PLACES>
+<PEOPLE><D>garcia</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0060&#31;reute
+u f BC-GARCIA-SAYS-PERU-NOT   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GARCIA SAYS PERU NOT TRYING TO EXPORT DEBT STANCE</TITLE>
+<DATELINE>    MEXICO CITY, March 26 - </DATELINE><BODY>Peruvian President Alan Garcia said
+his government was not trying to convince other nations to
+follow its decision to limit foreign debt repayments.
+    "We do not want to export a model," Garcia told a press
+conference at the end of an official two-day visit to Mexico
+yesterday. He was referring to Peru's policy of limiting
+payments on its 14 billion dlr debt to 10 pct of its export
+earnings.
+    Peru's attitude contrasts with that of Mexico, which
+followed a more conciliatory route and last week signed a 7.7
+billion dlr loan package with its creditor banks.
+    Since it decided to put a ceiling on debt payments, Peru
+has been barred from International Monetary Fund lending.
+    Despite their different approaches to debt, Garcia and
+Mexican President Miguel de la Madrid issued a joint
+declaration yesterday calling the foreign debt problem an
+"expression of the present unjust international economic order."
+But the declaration said that no Latin American debtors' club
+was about to appear.
+    "We affirm the sovereignty of our economic decisions and the
+capacity for mobilising our own resources," it said.
+    The two presidents also signed a variety of agreements
+aimed at boosting trade and tourism between their countries as
+well a number of technical cooperation pacts.
+    Garcia was scheduled to return to Lima tomorrow.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15237" NEWID="9716">
+<DATE>26-MAR-1987 02:12:03.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0073&#31;reute
+u f BC-SUPREME-COURT-UPHOLDS   03-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPREME COURT UPHOLDS AFFIRMATIVE ACTION FOR WOMEN</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The U.S. Supreme Court upheld
+affirmative action programmes designed to promote women in the
+workplace yesterday, handing President Reagan's civil rights
+policy a major defeat.
+    Tn a 6-3 decision, the court held that the civil rights
+laws allow employers to take the gender of workers into account
+to improve female representation in the workforce.
+    The Reagan administration had charged that affirmative
+action is reverse discrimination.
+    The case involved the 1980 promotion of a female road yard
+clerk, Diane Joyce, over a more qualified male, Paul Johnson.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15238" NEWID="9717">
+<DATE>26-MAR-1987 02:23:26.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>south-korea</D><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0079&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - HONG KONG'S MORE ACTIVE ROLE</TITLE>
+<AUTHOR>    By William Kazer, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, March 26 - </DATELINE><BODY>Hong Kong's government has long kept
+intervention in the economy to a minimum in the belief that
+when it comes to business, businessmen generally know best.
+    But the government is slowly being forced to take a more
+active economic role, partly to face the challenge from fast
+growing economies like South Korea and Taiwan and economic
+powerhouse Japan, businessmen said.
+    The government announced this month it will spend six mln
+H.K. Dlrs over the next two years to encourage electronics
+firms to send engineers for training overseas.
+    The engineers will learn design of application specific
+integrated circuits (ASIC) used in products ranging from
+personal computers to high-technology toys that talk.
+    The government has funded vocational training before but
+this will be its first such program aimed at bringing back
+advanced technology from overseas.
+    Government officials told Reuters that other areas in the
+electronics sector are being considered for similar treatment.
+    Hong Kong's key electronics industry last year accounted
+for exports of 61 billion H.K. Dlrs, though the total includes
+sales of electrical machinery and other items.
+    Officials said that this key sector, second only to
+textiles in terms of exports, needs high technologies already
+available in neighbouring economies if it is to compete.
+    "Belatedly, we realize there are some technologies which
+can't be taught here," said K.Y. Yeung, Director of Industry.
+    A study by U.S. Research firm Dataquest Inc last year
+showed that Hong Kong's share of U.S. Consumer electronic
+imports had fallen to 3.5 pct in 1985 from 6.4 pct in 1983.
+    South Korea, Taiwan and Japan all take a more active role
+in guiding economic development and policy makers are worried
+that perhaps some assistance -- albeit limited -- is needed.
+    "This is perceived to be an area of development for Hong
+Kong," said Lawrence Mills, director-general of the Federation
+of Hong Kong Industries. "Many industrialists think government
+should be more actively concerned with this area."
+    Hong Kong likes to call its policy "positive
+non-intervention," meaning that it helps industry mainly by
+maintaining economic stability and ensuring that needed roads
+and harbour facilities are in place.
+    It offers no special tax incentives for foreign investors,
+believing that its low corporate profits tax of 18 pct and
+personal income tax of 16.5 pct are sufficient.
+    But the government has been forced to gradually take a more
+active role in the economy. In the last three years it has
+stepped in to aid seven problem banks, taking over three of
+them, to protect depositors whose funds were not insured.
+    It has also expanded the powers of its banking and
+securities commissions to police these key economic sectors.
+    Industry officials said manufacturers need help acquiring
+expensive new technology, especially when returns on investment
+are years away. "This is only a small start but it will help
+make this technology more readily available," said an engineer
+with a major U.S. Electronics firm in Hong Kong.
+    Texas Instruments Inc &lt;TXN> and Motorola Inc &lt;MOT> of the
+U.S. And Japan's Toshiba Corp &lt;TSBA.T> already conduct ASIC
+design work in Hong Kong, while a handful of firms have
+committed funds for capital-intensive production.
+    Under the industry department program, companies would be
+funded to train engineers overseas but those employees would be
+required to apply their new skills locally for an as yet
+unspecified period.
+    "We want to promote ASIC design and eventually production in
+Hong Kong," said Yeung of the Industry Department.
+    Some industrialists said it will take more than a training
+program to keep electronics manufacturers competitive in the
+years ahead. Government officials said most manufacturers in
+the industry are small scale, employing fewer than 100 people.
+    These firms will not be able to afford expensive technology
+development programs, industry officials said.
+    The program has raised concerns that government may one day
+veer too far from its policy of minimal intervention. "They've
+reached the right decision," said Mills of the Federation of
+Industries. "But the fear (among some firms) is it might be a
+slippery slope towards interference."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15239" NEWID="9718">
+<DATE>26-MAR-1987 02:35:20.53</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0092&#31;reute
+u f BC-GULF-ESCORTS-STILL-UN   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF ESCORTS STILL UNDER DISCUSSION - WEINBERGER</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 26 - </DATELINE><BODY>No action has been taken yet
+on the Reagan Adminstration's offer to escort Kuwaiti oil
+tankers through the Gulf, but the issue is being discussed,
+U.S. Secretary of Defence Caspar Weinberger said.
+    The offer was made to Kuwait in light of Iran's deployment
+of Chinese-built missiles to cover the entrance to the Gulf.
+    Weinberger told reporters prior to a speech at Texas
+Christian University that he did not think Iran and the United
+States were moving towards a potential conflict, adding that
+the Straits of Hormuz at the mouth of the Gulf were still "free
+water."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15240" NEWID="9719">
+<DATE>26-MAR-1987 02:39:31.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0095&#31;reute
+u f BC-SRI-LANKA-TO-LAUNCH-A   03-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKA TO LAUNCH APPEAL FOR DROUGHT AID</TITLE>
+<DATELINE>    COLOMBO, March 26 - </DATELINE><BODY>Sri Lanka will appeal to its major aid
+donors for at least 21 mln dlrs in financial support to help it
+overcome the country's worst drought in 26 years.
+    Government officials told Reuters that letters detailing
+the extent of the drought would be sent this week to the 14
+countries that gave some 700 mln dlrs in development aid to Sri
+Lanka last year. These include Australia, Canada, Japan,
+Britain, the U.S. And West Germany.
+    Officials in the Finance and Planning Ministry coordinating
+the aid request said Sri Lanka wanted the money over a
+six-month period.
+    Foreign Minister Tyronne Fernando last week briefed
+representatives of aid-donor countries and international relief
+agencies on the drought and made a general appeal for help.
+    The state had disbursed 800,000 dlrs by February for the
+most badly affected districts, but the Finance and Planning
+Ministry officials said no further relief was available from
+the budget.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15241" NEWID="9720">
+<DATE>26-MAR-1987 02:42:26.72</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0100&#31;reute
+b f BC-MIYAZAWA-SAYS-MAJOR-N   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS MAJOR NATIONS ACTING ON PARIS ACCORD</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said
+major nations are taking action to stabilise exchange rates in
+line with their agreement in Paris last month, government
+sources said.
+    Miyazawa told an Upper House session the six nations --
+Britain, Canada, France, Japan, the U.S. And West Germany --
+are abiding by the Paris accord. The six agreed to cooperate to
+stabilise exchange rates at around current levels.
+    Miyazawa said he wishes to attend a meeting of seven major
+nations (G-7) expected just before the IMF/World Bank Interim
+Committee meeting in Washington starting on April 9.
+    The sources quoted Miyazawa as saying Japan is trying to
+prevent a further rise of the yen. Japan is taking the matter
+seriously, he added.
+    Asked if the six nations had agreed to stabilise the dollar
+at about 153 yen, the rate prevailing at the time of the Paris
+talks, Miyazawa declined to give specific figures and said any
+mention of specific rates would create an "unexpected situation."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15242" NEWID="9721">
+<DATE>26-MAR-1987 02:47:04.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D><D>philippines</D><D>el-salvador</D><D>honduras</D><D>guatemala</D><D>costa-rica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0102&#31;reute
+u f BC-U.S.-HOUSE-PANEL-APPR   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PANEL APPROVES 400 MLN DLRS FOREIGN AID</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The House of Representatives
+Appropriations Committee yesterday approved 300 mln dlrs in
+economic aid for four Central American states, 50 mln dlrs to
+black-led states neighbouring South Africa and 50 mln dlrs in
+military assistance for the Philippines.
+    The programmes, part of 1.3 billion dlr supplemental budget
+request by the Reagan administration to restore funds cut
+earlier by Congress, must be approved by Congress.
+    The committee rejected the administration's request for
+21.6 mln dlrs as the U.S. Contribution to U.N. Peace-keeping
+troops in Lebanon.
+    The 300 mln dlrs will go to El Salvador, Honduras,
+Guatemala and Costa Rica while another 12 mln dlrs was
+allocated to replace the earthquake-damaged U.S. Embassy in San
+Salvador.
+    The 50 mln dlrs approved for a "Southern Africa" initiative
+is part of a larger programme promised by the Reagan
+administration last year when it tried unsuccessfully to block
+sanctions approved by Congress against South Africa's
+white-minority government.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15243" NEWID="9722">
+<DATE>26-MAR-1987 02:50:02.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0105&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - TOKYO EARTHQUAKE AFTERSHOCKS</TITLE>
+<AUTHOR>    By Eric Hall, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>The possibility that a major earthquake
+will strike Tokyo, causing corporate and financial ruin, haunts
+the worst nightmares of many insurers and bankers polled by
+Reuters.
+    The Japanese capital is shaken by hundreds of small tremors
+every year, but last week's biq quake in western Japan, which
+measured 6.9 on the open-ended Richter scale, was a timely
+reminder that the big one could come at any time.
+    Another on Tuesday registering a preliminary 6.5 on the
+scale struck the Sea of Japan coast northwest of Tokyo.
+    A widely accepted theory by the late seismologist Kawasumi
+Hiroshi states that major quakes occur in cycles averaging 69
+years. Tokyo was last laid flat in 1923 by a tremor reading
+7.8, raising the spectre of another within five years.
+    Seismic experts at Shizuoka, one of three areas near Tokyo
+considered quake-prone, say they expect a major earthquake
+within the next few years.
+    Added to such fears is the fact that no developed nation
+has suffered a major quake since the far-reaching changes in
+the last two decades which have bound the global economy into a
+complex, fragile, interdependent financial network.
+    "We are reaching a dangerous time. Insurance companies are
+starting to worry about how to cover the large losses," said
+Hatsuho Narita, a manager at the British Insurance Group.
+    "It's a theme that has worried a lot of people. It's
+difficult to put a figure on it, but the impact on all world
+markets would be considerable," Brian Waterhouse, a banking
+expert at brokerage James Capel in Tokyo, told Reuters.
+    What would happen?
+    Consider that Tokyo and its six surrounding prefectures
+account for up to 40 pct of Japanese gross national product, or
+some six pct of world GNP.
+    Some economists believe that in the immediate aftermath of
+a Tokyo quake, the yen would rise against sterling because of
+the large amount of reinsurance which would fall due in London.
+But it would plunge against other currencies.
+    This would worsen the dramatic loss of value in land and
+assets in the Tokyo area. Banks would be left holding hundreds
+of billions of dollars in worthless mortgages and loans.
+    Bankers estimate that 50 to 70 pct of city and regional
+banks' loan exposure is to smaller business, which would most
+likely lose all in a quake. Up to nine pct of their exposure is
+in housing and consumer loans, they said.
+    Many smaller banks and some larger ones would go to the
+wall, bankers polled by Reuters said.
+    The government, aware that insurance claims would be huge,
+has set a payout ceiling of 10 mln yen per private house. In
+Tokyo, 100 mln yen buys only a very modest residence.
+    In addition, the insurance industry has formed the Japan
+Earthquake Reinsurance Co to cover housing to a total of 10
+billion dlrs, 80 pct of it government-guaranteed.
+    However, insurers said the industrial sector, which has no
+government backing, is a more dangerous risk.
+    Japanese insurers said they are finding it increasingly
+difficult to find reinsurance abroad.
+    "Overseas firms are now very alert to earthquake insurance
+risks," said Tahashi Kumakiri, Foreign Department head at the
+Japan Non-life Insurance Association.
+    Due to limited world insurance capacity, the Finance
+Ministry recommends a coverage limit of 15 to 30 pct of
+Japanese firms' total insurable value.
+    Even so, one insurer believes that local firms reinsure up
+to 80 pct of their quake cover overseas, most of it through
+Lloyds of London.
+    Some of this reinsurance is then reinsured again,
+compounding the risks should the money suddenly be called in.
+    Foreign entities in Japan are allowed 100 pct quake cover
+but foreign insurers now set a limit of 60 pct.
+    Industrial cover is confidential but official figures show
+that in fiscal 1985/86 ended March 31, Japan did about half a
+billion dlrs of overseas reinsurance business in fire cover,
+most of which is quake-related.
+    Bankers said the destruction of underlying assets and
+repatriation of huge amounts of Japanese overseas investment
+would seriously affect overseas stock and bond markets.
+    Japanese institutions buy a net 10 billion dlrs or so of
+foreign bonds a month, much of it U.S. Treasuries, and are
+purchasing more and more U.S. And European stocks. The value of
+foreign holdings of Japanese securities would nosedive.
+    Japan would need huge amounts of money over a long period
+to rebuild, which would block out developing nation creditors
+from existing capital resources, the bankers said.
+    Loss of central computers would mean billions in lost
+transactions, bankers noted.
+    Oil traders said crude prices would plummet as imports fell
+by up to half from some three mln barrels per day now.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15244" NEWID="9723">
+<DATE>26-MAR-1987 02:50:21.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0106&#31;reute
+f f BC-Hoechst-AG-1986-world   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Hoechst AG 1986 world group pretax profit 3.21 billion marks vs 3.16 billion
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15245" NEWID="9724">
+<DATE>26-MAR-1987 02:56:13.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0111&#31;reute
+u f BC-AIDC-ISSUES-FIRST-AUS   03-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIDC ISSUES FIRST AUSTRALIAN DLR MEDIUM TERM NOTES</TITLE>
+<DATELINE>    CANBERRA, March 26 - </DATELINE><BODY>The Australian Industry Development
+Corp (AIDC) said it issued 20 mln Australian dlrs of five-year
+notes in London.
+    The notes, issued in denominations of 50,000 dlrs, were
+part of a 10-year, one billion U.S. Dlr multicurrency facility
+established last December, it said in a statement.
+    Medium-term Euronotes had previously only been issued in
+U.S. Dlrs, it said.
+    The AIDC last week said it issued under the same facility
+the first of several five mln Australian dlr-denominated
+Euro-commercial paper tranches in Asia.
+    Dealers for the one billion U.S. Dlr borrowing program were
+the AIDC, &lt;Credit Suisse First Boston Ltd>, &lt;Merrill Lynch
+International and Co>, &lt;Morgan Stanley International>, &lt;Salomon
+Brothers International Ltd> and &lt;Swiss Bank Corp International
+Ltd>, the AIDC said.
+    &lt;Citibank N.A.> was the issuing and paying agent.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15246" NEWID="9725">
+<DATE>26-MAR-1987 02:59:52.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0120&#31;reute
+u f BC-MAZDA-DOES-NOT-PLAN-T   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAZDA DOES NOT PLAN TO MAKE SPORTS CARS IN U.S.</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>Mazda Motor Corp &lt;MAZT.T> has no plans to
+produce sports cars in the U.S., A company spokesman said.
+    A Japanese daily paper said Mazda would switch production
+of its RX-7 sports car, which is popular in the U.S., To the
+U.S. Over the next three years to minimise losses caused by the
+yen's rise against the dollar.
+    Mazda's wholly owned subsidiary &lt;Mazda Motor Manufacturing
+(USA) Corp> (MMUC) in Flatrock, Michigan, is due to start
+producing Mazda 626 saloon cars from September at an annual
+rate of 240,000, the company said on March 2.
+    One of Ford Motor Co's &lt;F> Japanese distributors, &lt;Autorama
+Inc>, said recently it was considering importing the
+MMUC-manufactured cars. The imported cars will all bear Ford
+name plates but those sold in the U.S. Will carry Mazda
+insignia.
+    Ford will take 60 to 70 pct of the cars produced by MMUC
+while the rest will be sold through Mazda's own U.S. Sales
+network, the spokesman said.
+    Mazda Motor Corp is owned 24 pct by Ford.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15247" NEWID="9726">
+<DATE>26-MAR-1987 03:05:09.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0127&#31;reute
+u f BC-KAWASAKI-TO-INCREASE   03-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAWASAKI TO INCREASE MOTORCYCLE OUTPUT</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>Kawasaki Heavy Industries Ltd &lt;KAWH.T>
+will increase output of motorcycles, dune buggies and jet skis
+to 380,000 units in the year starting April 1 from 303,000 a
+year earlier, a company spokesman said.
+    Exports in 1987/88 are forecast to jump to 335,000 from
+271,000 a year earlier, while domestic sales will rise to
+around 45,000 from 32,000, he told Reuters. Of these, exports
+to the U.S. Will rise to 150,000 from 120,000 a year earlier.
+    The company also plans to lift motorcycle production at its
+wholly owned U.S. Subsidiary &lt;Kawasaki Motor Manufacturing
+Corp> to 1985/86 levels of 75,000 from 67,000 in 1986/87.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15248" NEWID="9727">
+<DATE>26-MAR-1987 03:11:25.33</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0132&#31;reute
+f f BC-BANK-OF-FRANCE-LAUNCH   03-26 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF FRANCE LAUNCHES MONEY MARKET INTERVENTION TENDER - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15249" NEWID="9728">
+<DATE>26-MAR-1987 03:17:35.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0139&#31;reute
+b f BC-HOECHST-AG-&lt;HFAG.F>-Y   03-26 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOECHST AG &lt;HFAG.F> YEAR 1986</TITLE>
+<DATELINE>    FRANKFURT, March 26 - </DATELINE><BODY>Year ended December 31.
+    World group pretax profit 3.21 billion marks vs 3.16
+billion.
+    Turnover 38.01 billion marks vs 42.72 billion.
+    World group turnover comprised domestic sales 10.83 billion
+vs 10.80 billion, foreign sales 27.18 billion vs 31.92 billion.
+    Parent pretax profit 1.82 billion marks vs 1.62 billion.
+    Turnover 14.09 billion vs 15.35 billion.
+    Parent turnover comprised domestic sales 6.47 billion vs
+6.84 billion, foreign sales 7.62 billion vs 8.51 billion.
+    Parent investment in fixed assets 960 mln marks vs 831 mln.
+    Depreciation of fixed assets 935 mln marks vs 847 mln.
+    Investment in new participations 2.53 billion marks vs 294
+mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15250" NEWID="9729">
+<DATE>26-MAR-1987 03:24:07.53</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0145&#31;reute
+u f BC-GERMAN-TRADE,-CURRENT   03-26 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN TRADE, CURRENT ACCOUNT DATA DUE TODAY</TITLE>
+<DATELINE>    WIESBADEN, March 26 - </DATELINE><BODY>The Federal Statistics Office will
+today publish trade and current account figures for February, a
+spokeswoman said in reply to queries.
+    In January the current account surplus provisionally
+narrowed to 4.9 billion marks from 8.5 billion in December. The
+provisional January trade surplus narrowed to 7.2 billion marks
+from a record 11.6 billion marks the month before.
+    In February 1986 the current account had shown a 6.85
+billion mark surplus and the trade account a 6.84 billion
+surplus.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15251" NEWID="9730">
+<DATE>26-MAR-1987 03:25:20.61</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0146&#31;reute
+b f BC-BANK-OF-FRANCE-LAUNCH   03-26 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE LAUNCHES MONEY MARKET TENDER</TITLE>
+<DATELINE>    PARIS, March 26 - </DATELINE><BODY>The Bank of France said it set a money
+market intervention tender today to inject funds to the market
+against first category paper.
+    Money market sources said the surprise announcement might
+herald a quarter percentage point cut in the central bank
+intervention rate from the 7-3/4 pct level set March 10, but
+they added such a cut was relatively unlikely.
+    The intervention rate was cut from eight pct on March 10
+after being raised from 7-1/4 pct on January 2 to head off
+speculative pressure against the franc.
+    Dealers said market fundamentals could justify a further
+easing, but a combination of technical factors and renewed
+currency uncertainties surrounding the dollar had put
+short-term upside pressure on interest rates in recent
+sessions.
+    Call money rose yesterday to 7-7/8 eight pct from 7-3/4 7/8
+pct. Today it was first indicated at 8-1/8 1/4 before easing on
+news of the tender to 7-13/16 7/8 pct.
+    Technical factors making for a slight shortage of liquidity
+in the market included the settlement yesterday of the latest
+monthly treasury tap stock tender, on March 5, market sources
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15252" NEWID="9731">
+<DATE>26-MAR-1987 03:35:45.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0159&#31;reute
+f f BC-BP-says-it-will-tende   03-26 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BP says it will tender for remaining 45 pct of Standard Oil at 70 dlrs a share cash
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15253" NEWID="9732">
+<DATE>26-MAR-1987 03:40:34.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE><D>wang-bingqian</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0165&#31;reute
+u f BC-CHINA-PROJECTS-1987-B   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA PROJECTS 1987 BUDGET DEFICIT INCREASE</TITLE>
+<DATELINE>    PEKING, March 26 - </DATELINE><BODY>China will have a budget deficit of
+8.017 billion yuan in calendar 1987 compared with a 7.08
+billion deficit in 1986, Finance Minister Wang Bingqian said.
+    He told the National People's Congress, the State Council
+has decided to cut nearly all 1987 budgetary expenditures by 10
+pct from the 1986 level. He said expenditures for the past two
+years have been inflated.
+    Investment by localities in capital construction in 1987
+must fall by 50 pct from the 1986 level and state firms must
+cut their losses by 30 pct, he said.
+    China will use 14.6 billion yuan in foreign loans in 1987,
+up from 7.87 billion in 1986, Wang said.
+    It must cut back on investment in capital construction,
+especially construction outside the state plan, he said. Funds
+must go into energy, transport, telecommunications, raw and
+semi-finished materials and not into non-production sectors.
+    "In view of the country's financial difficulties this year,
+it has been decided that seven billion yuan of the budgetary
+allocation for capital construction will be raised by the
+People's Bank through loans and the issuing of bonds," he said.
+    Wang said all localities and departments must strictly
+confine their 1987 capital investment to the amount set out in
+the state budget, a 50 pct reduction from 1986 levels.
+    He said that because of financial difficulties, the state
+cannot increase spending on culture, education, science and
+public health in 1987 at the same rate as over the past few
+years. Expenditure in those sectors will rise by two pct.
+    The only allocations not to be affected by the general 10
+pct cutback are subsidies for price rises, repayment of
+principal and interest on domestic and foreign loans, funds for
+the disabled and spending for other social relief.
+    Wang said state firms must cut their total losses by 30 pct
+from the 1986 level, overhead expenses by 10 pct and raw
+material consumption by two pct. Commercial firms must cut
+their deficits by 20 pct and running costs by two pct.
+    He said violations of financial and economic discipline are
+common, including tax evasion, false accounting, embezzlement,
+theft, extravagance and accepting and offering bribes. Such
+practices "have reached very serious proportions in some areas,
+departments and units" and must be dealt with seriously, he
+said.
+    Wang said 11.4 billion yuan worth of foreign loans have
+been arranged according to the 1986-90 plan, with 3.2 billion
+going to pay for foreign equipment in the Baoshan steel plant
+near Shanghai.
+    He said China is running no risk in using more foreign
+loans, provided it prepares careful feasibility studies,
+borrows only what it can repay and uses the loans only to
+develop production in priority sectors.
+    Wang said China plans to levy new taxes on the use of
+arable land for non-farm purposes starting this year. Half the
+revenue generated will go to the state and half to localities
+to be used in the development of agriculture.
+    The only new spending is 11 billion yuan to be used to
+cover tax reductions and increased subsidies for big and
+medium-size state firms and textile and other light industries.
+The money will also pay for increases in the state purchasing
+prices of some grain, cotton and oil-yielding crops, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15254" NEWID="9733">
+<DATE>26-MAR-1987 03:46:10.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0178&#31;reute
+b f BC-BP-TO-OFFER-7.4-BILLI   03-26 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP TO OFFER 7.4 BILLION DLRS FOR STANDARD SHARES</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>British Petroleum Co Plc &lt;BP.L> said it
+intended to make a tender offer for the 45 pct of Standard Oil
+Co &lt;SRD.N> it does not already own at 70 dlrs a share cash, for
+a total of 7.4 billion if the offer is fully accepted.
+    The offer would be made through its &lt;BP North America Inc>
+unit and was intended to commence not later than April 1. The
+offer would not be conditional on any minimum number of shares
+being tendered.
+    BP said in a statement the 70 dlr a share price was based
+on its own valuation as well as those of its financial
+advisers. It took into account reviews of both public and
+non-public information.
+    Standard closed in New York last night at 64-7/8 dlrs, down
+1-3/4 dlrs.
+    BP shares dropped on the announcement to 877p from 888p at
+last night's close.
+    About a third of the cash payable would be met from BP's
+own resources.
+    The remainder would come from new borrowings, partly from
+banks under a four-year committed revolving credit facility and
+partly from a a new U.S. Dlr commercial paper programme. The
+company said it was in the course of arranging these
+facilities.
+    BP Chairman Sir Peter Walters said that the group's
+investment in Standard was its largest single asset. Full
+ownership would enable investment and operating decisions to be
+made without the limitations of a minority interest.
+    BP also believed the acquisition represented the optimum
+use of its financial resources. It was confident oil prices
+were likely to remain within a range sufficient to justify the
+investment.
+    Walters added that it also felt that, due to management
+changes in 1986, Standard could now operate successfully even
+in a lower oil price environment.
+    Standard's net assets at end-1986 were 7.02 billion dlrs
+and in the year it reported a loss of 1.08 billion dlrs before
+tax and before an extraordinary item of 608 mln dlrs.
+    Analysts said that the move by BP had come as a surprise.
+One noted that it was not immediately clear why the group
+should spend so much money buying a company it already
+controlled.
+    BP could also have bought up the remainder of Standard
+shares considerably cheaper had it moved six months ago.
+    It was also unclear what effect the tender would have on
+the U.K. Government's recent announcement that it intended to
+dispose of its remaining 31.7 pct stake in BP sometime in the
+1987/88 financial year, analysts said.
+    Analyst Paul Spedding of brokers Kleinwort Grieveson noted
+that any effect on the government sale of its stake in BP would
+depend on the reaction of the markets.
+    The deal would probably push BP's gearing up to around 59
+pct from 20 pct currently, he said.
+    However, with the likelihood that oil prices would not
+repeat last year's rapid drop the prospects for Standard
+returning to profitability this year -- and BP benefitting from
+its cash flow -- were good.
+    Standard was a high cost oil producer, the analysts noted.
+    Spedding noted that it needed about 12 dlrs a barrel to
+make money, and at about 15 dlrs a barrel revenue from
+production and its downstream activities would push it
+comfortably into surplus.
+    BP initially took a stake in Standard following the
+discovery of oil in Alaska's Prudhoe bay in 1969. BP had
+inadequate distribution facilities in the U.S. While Standard,
+which was strong on marketing and refining, was short on crude
+oil.
+    The analysts said that BP had promoted a major management
+reorganisation of Standard in the past year.
+    The probability that much of the shake-up at Standard was
+now complete was one possible factor behind the timing of the
+tender offer, Spedding said.
+    BP's willingness to take hard decisions such as major
+balance sheet write offs and the sale of assets had been well
+received in the markets.
+    The lower costs that should now be possible -- especially
+after the rationalisation of the loss making minerals division
+-- should allow the benefits of an oil price recovery to come
+straight through to 1987 profits without being cut back by
+other sectors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15255" NEWID="9734">
+<DATE>26-MAR-1987 03:53:37.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0186&#31;reute
+u f BC-HOECHST-RAISES-PROFIT   03-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOECHST RAISES PROFITS ON LOWER SALES</TITLE>
+<DATELINE>    FRANKFURT, March 26 - </DATELINE><BODY>Hoechst AG &lt;HFAG.F> said in a
+statement it increased its pretax profits in 1986 despite a
+fall in turnover due to lower foreign sales.
+    The lower sales were due to the fall in the dollar and
+other currencies against the mark. Other factors were pressure
+on selling prices because of a sharp fall in the prices of
+crude oil and petrochemical raw materials and the sale of
+polystyrene business in the U.S. And Netherlands.
+    World group pretax profit rose to 3.21 billion marks in
+1986 from 3.16 billion in 1985, with sales falling to 38.01
+billion from 42.72 billion.
+    Within group turnover, foreign sales fell to 27.18 billion
+marks in 1986 from 31.92 billion in 1985, a drop of 14.9 pct.
+    The statement made no mention of net profit figures.
+Hoechst will announce its dividend proposal on April 23.
+    In the first quarter of this year sales were hit by the
+cold weather at the start of the year. If the dollar continues
+at present low levels, 1987 sales will again be below the
+previous year, although in volume terms they are unchanged from
+1986, Hoechst said.
+    Sales of paints and dyes, fibres, sheeting and information
+technology all rose in 1986 but plant construction sales fell.
+    Hoechst attributed its good results to the performance of
+the parent company, other units in West Germany, and to
+&lt;American Hoechst Corp>.
+    Improved earnings in the U.S. Largely reflected the
+restructuring of styrene and polystyrene activities.
+    Roussel Uclaf &lt;RUCF.PA> and most domestic non-consolidated
+partners did not perform as well as in 1985.
+    Hoechst attributed the 12 pct rise in parent company pretax
+profits to 1.82 billion marks above all to a rise in earnings
+from interest and holdings in other companies, and a fall in
+extraordinary costs.
+    The fall in raw material prices was not enough to
+compensate for the decline in turnover due to lower prices and
+currencies, Hoechst said.
+    The bulk of the 2.53 billion marks investment in new
+projects, up from 294 mln marks in 1985, went on the capital
+increase of Hoechst Capital Corp in connection with the
+acquisition of &lt;Celanese Corp>.
+    Celanese was merged with American Hoechst in February to
+form &lt;Hoechst Celanese Corp>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15256" NEWID="9735">
+<DATE>26-MAR-1987 04:06:02.24</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0198&#31;reute
+f f BC-Danish-overnight-mone   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Danish overnight money market rate cut to 10 pct from 10.5 - central bank
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15257" NEWID="9736">
+<DATE>26-MAR-1987 04:20:45.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0209&#31;reute
+u f BC-BHP-NET-SEEN-AROUND-6   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BHP NET SEEN AROUND 600 MLN DLRS FOR NINE MONTHS</TITLE>
+<DATELINE>    SYDNEY, March 26 - </DATELINE><BODY>Australia's largest company, The Broken
+Hill Pty Co Ltd &lt;BRKN.S> (BHP), is expected to report a net
+profit of around 600 mln to 620 mln dlrs tomorrow for the first
+nine months ended February 28, share analysts polled by Reuters
+said.
+    This would be well below the 813.0 mln dlrs earned in the
+first three quarters of 1985/86. In the full year ended May 31
+1986 the group earned a record 988.2 mln dlrs.
+    The analysts estimated that the group would report a third
+quarter net in the region of 200 mln to 220 mln dlrs, against
+238.6 mln a year earlier and 220.3 mln in the second quarter.
+    BHP's earnings in the first half ended November 30 amounted
+to 397.0 mln dlrs, sharply down from 589.3 mln a year earlier.
+    The analysts predicted that BHP will report an upturn in
+petroleum earnings compared with the first quarter, reflecting
+some improvement in crude oil prices from the Bass Strait
+fields, but these gains would be offset by lower mineral and
+steel earnings.
+    They said the mineral group has been hit by lower coal
+prices and shipments to Japan while the steel division has been
+affected by industrial and production problems.
+    The analysts noted that the third quarter is normally BHP's
+lowest-earning period owing to a number of seasonal factors,
+and they predicted a sharp rise in fourth quarter net to around
+300 mln dlrs.
+    One key factor in the fourth quarter is expected to be a
+tax break of some 70 mln dlrs for the investment allowance on
+capital expenditure in the steel division, they said.
+    They said they saw BHP's full year earnings at around 900
+mln to 920 mln dlrs. They added that such a decline from
+1985/86 would be no surprise, noting BHP has said that it would
+be difficult to equal its record 1985/86 net profit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15258" NEWID="9737">
+<DATE>26-MAR-1987 04:36:14.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0229&#31;reute
+f f BC-BP-units-seek-five-bi   03-26 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> BP units seek five billion dlr revolving credit to support Standard Oil tender
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15259" NEWID="9738">
+<DATE>26-MAR-1987 04:49:07.48</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0253&#31;reute
+u f BC-INDIAN-PLANT-SIGNS-FI   03-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN PLANT SIGNS FIRST ALUMINA EXPORT CONTRACT</TITLE>
+<DATELINE>    NEW DELHI, March 25 - </DATELINE><BODY>An unnamed Norwegian firm agreed to
+buy 100,000 tonnes of alumina a year from a refinery in eastern
+Orissa state due to start operations in the next 12 months, a
+Commerce Ministry official told Reuters.
+    He said the state-owned National Aluminium Co, which owns
+the plant, and the state-owned Mineral and Metals Trading Corp
+signed its first long-term export agreement with the company,
+but gave no further details.
+    Of the plant's 800,000 tonnes annual capacity, 425,000 will
+be smelted into 218,000 tonnes of aluminium and the remaining
+375,000 will be exported, the official said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15260" NEWID="9739">
+<DATE>26-MAR-1987 04:51:39.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0263&#31;reute
+u f BC-FRIED.-KRUPP-GMBH-&lt;KR   03-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRIED. KRUPP GMBH &lt;KRPG.D> YEAR 1986</TITLE>
+<DATELINE>    ESSEN, West Germany, March 26 - </DATELINE><BODY>Provisional world group
+1986 third party turnover 15.9 billion marks vs 18.5 billion.
+    Third party incoming orders 15.5 billion vs 16.9 billion.
+    Orders on hand at end-1986 9.1 billion vs 10.3 billion.
+    Workforce at end-1986 68,043 vs 67,402.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15261" NEWID="9740">
+<DATE>26-MAR-1987 04:54:44.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0268&#31;reute
+b f BC-NORDIC-INVESTMENT-BAN   03-26 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORDIC INVESTMENT BANK HAS ZERO COUPON BOND</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>The Nordic Investment Bank is issuing a
+zero coupon 100 mln Australian dlr bond due April 24, 1992
+priced at 53-1/2 pct for an effective yield at launch of 13.33
+pct, lead manager Chemical Bank International Ltd said.
+    The bond will be available in denominations of 1,000 and
+10,000 dlrs and will be listed in Luxembourg.
+    Fees comprise 3/4 pct selling concession and 1/2 pct for
+management and underwriting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15262" NEWID="9741">
+<DATE>26-MAR-1987 04:55:23.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0270&#31;reute
+b f BC-LUCAS-INDUSTRIES-PLC   03-26 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUCAS INDUSTRIES PLC &lt;LUCS.L> HALFYEAR ENDED JAN 31</TITLE>
+<DATELINE>    LONDON, March 26 -
+    </DATELINE><BODY>Shr 22.9p vs 26.9p.
+    Interim div 2.6p vs same.
+    Pre-tax profit 40.0 mln stg vs 38.0 mln.
+    Net profit before minorities 29.6 mln vs 30.9 mln.
+    Turnover 825.0 mln vs 791.6 mln.
+    Trading profit 52.8 mln stg vs 52.5 mln.
+    Related companies profit 3.1 mln vs 1.4 mln.
+    Interest payable 12.3 mln vs 14.6 mln.
+    Reorganisation and redundancy costs 3.6 mln vs 1.3 mln.
+    Tax 10.4 mln vs 7.1 mln.
+    Minorities 1.5 mln vs 2.4 mln.
+    Extraordinary charges 1.3 mln vs 34.2 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15263" NEWID="9742">
+<DATE>26-MAR-1987 04:56:33.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0275&#31;reute
+b f BC-BP-UNITS-SEEK-FIVE-BI   03-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP UNITS SEEK FIVE BILLION DLR REVOLVING CREDIT</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>BP International and BP North America
+are seeking a five billion dlr, four year syndicated credit
+facility in support of British Petroleum Co Plc's tender offer
+for the 45 pct of Standard Oil Co it does not already own,
+Morgan Guaranty Trust Co of New York said as arranger.
+    The facility, to be guaranteed by British Petroleum Co Plc
+&lt;BP.L> is probably the largest credit facility ever arranged in
+Europe, bond analysts said. Full terms will be announced either
+later today or tomorrow morning. BP said earlier it planned a
+tender offer for the 45 pct of Standard it does not already own
+for 70 dlrs a share cash.
+    The financing being arranged by Morgan Guaranty will take
+the form of a fully committed revolving credit. As announced
+earlier, BP also is arranging a U.S. Commercial paper program
+in connection with the tender and part of the revolver will be
+used to support that program.
+    The exact size of the U.S. Program has not been decided and
+the dealers have not yet been chosen.
+    The credit facility will also allow the borrower to issue
+cash advances with maturities of one, three or six months
+through a tender panel, which will be comprised of banks
+committed to the facility.
+    Despite the unprecedented size of this euromarket facility,
+Morgan Guaranty said that it was being syndicated only among
+BP's relationship banks.
+    As a result, banks were being offered lead manager status
+at 200 mln dlrs, co-lead management at 125 mln and manager at
+75 mln.
+    Although pricing on many credit facilities has become
+extremely fine in recent years because of the keen competition
+to win mandates, Morgan Guaranty said banks would be
+compensated fairly since this is a special purpose facility
+which must be completed quickly, with signing expected in about
+10 days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15264" NEWID="9743">
+<DATE>26-MAR-1987 04:57:50.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0279&#31;reute
+u f BC-EUROFIMA-LAUNCHING-40   03-26 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROFIMA LAUNCHING 40 MLN SWISS FRANC NOTES</TITLE>
+<DATELINE>    ZURICH, March 26 - </DATELINE><BODY>Eurofima of Basle is launching 40 mln
+Swiss francs of six year notes with a 4-3/8 pct coupon and
+100.25 issue price, lead manager Zurich Cantonal Bank said.
+    Payment is due April 22.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15265" NEWID="9744">
+<DATE>26-MAR-1987 04:59:55.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0282&#31;reute
+u f BC-CLUB-MEDITERRANEE-&lt;CM   03-26 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLUB MEDITERRANEE &lt;CMI.PA> - YEAR ENDED OCTOBER 31</TITLE>
+<DATELINE>    PARIS, March 26 -
+    </DATELINE><BODY>Parent company 1986 net profit 202.55 mln francs vs 171.31
+mln
+    Dividend 13.02 francs vs same, including 4.34 francs tax
+credit.
+    (Note -  company earlier reported consolidated net profit
+315.9 mln francs vs 302.08 mln and consolidated attributable
+profit of 293.3 mln vs 266.6 mln.)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15266" NEWID="9745">
+<DATE>26-MAR-1987 05:07:36.83</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0304&#31;reute
+b f BC-U.K.-MONEY-MARKET-LIQ   03-26 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET LIQUIDITY POSITION EXPECTED FLAT</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>The Bank of England said it has forecast
+a flat position in the money market today.
+    Among the main factors, maturing assistance and take-up of
+treasury bills will drain 545 mln stg and a rise in note
+circulation 35 mln stg but the outflow will be offset by 490
+mln stg exchequer transactions and bankers balances above
+target 70 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15267" NEWID="9746">
+<DATE>26-MAR-1987 05:13:07.48</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0307&#31;reute
+u f BC-EC-SUGAR-TENDER-SEEN   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SUGAR TENDER SEEN AS FURTHER CONCESSION</TITLE>
+<DATELINE>    BRUSSELS, March 26 - </DATELINE><BODY>The rebates granted at yesterday's EC
+sugar tender represent a further concession to producers'
+complaints that they are losing money on exports outside the
+bloc, trade sources said.
+    They said the maximum rebate of 45.678 European currency
+Units (Ecus) per 100 kilos was 0.87 Ecus below what producers
+claim is needed to obtain the equivalent price to that offered
+for sales into intervention.
+    The rebate at last week's tender was 1.3 Ecus short of the
+level producers thought necessary and that of the previous week
+was 2.5 Ecus below this level.
+    But the sources said producers who have offered a total of
+854,000 tonnes of sugar into intervention in an apparent
+attempt to persuade the Commission to set higher maximum
+rebates have given no formal indication to the Commission that
+they intend to withdraw these offers.
+    The French and German operators involved would be able to
+withdraw the offers up to five weeks after April 1 when the
+sugar will officially enter intervention stores.
+    The five-week period is the normal delay between sugar
+going into intervention and payment being made for it.
+    EC officials have said that if the Commission has to buy
+the sugar, it is determined immediately to resell it, a move
+which could drive down market prices further.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15268" NEWID="9747">
+<DATE>26-MAR-1987 05:18:16.50</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0319&#31;reute
+f f BC-******   03-26 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German Feb current account surplus 6.6 billion marks (Jan surplus 4.8 billion) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15269" NEWID="9748">
+<DATE>26-MAR-1987 05:18:54.20</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0321&#31;reute
+f f BC-******   03-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German February trade surplus 10.4 billion marks (Jan surplus 7.2 billion) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15281" NEWID="9749">
+<DATE>26-MAR-1987 05:24:07.86</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0332&#31;reute
+b f BC-GERMAN-CURRENT-ACCOUN   03-26 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN CURRENT ACCOUNT SURPLUS WIDENS IN FEBRUARY</TITLE>
+<DATELINE>     WIESBADEN, March 26 - </DATELINE><BODY>West Germany's current account
+surplus widened to a provisional 6.6 billion marks in February
+from a slightly downwards revised 4.8 billion in January, a
+spokeswoman for the Federal Statistics Office said.
+    The trade surplus in February widened to a provisional 10.4
+billion marks from 7.2 billion in January, she added.
+    The Statistics Office had originally put the January
+current account surplus at 4.9 billion marks.
+    The February trade surplus was well up on the 6.84 billion
+mark surplus posted in the same month of 1986. But the current
+account surplus was down slightly from the 6.85 billion surplus
+recorded in February 1986.
+    A Statistics Office statement said the widening of the
+February current account surplus compared with January was due
+to seasonal factors. Neither the trade nor current account
+figures are seasonally adjusted.
+    February imports, measured in terms of value, totalled
+32.11 billion marks, a decline of 10 pct against February 1986
+but a rise of 5.5 pct against January.
+    Exports in February, also in value terms, totalled 42.56
+billion marks, 0.5 pct less than in February 1986 but up 13 pct
+compared with January.
+    The Statistics Office said it was not yet able to calculate
+the real change in exports and imports in February. But for
+comparison purposes it noted that in January the average value
+of imports had fallen 15 pct year-on-year while the average
+value of exports had declined by only 4.4 pct.
+    Within the current account, the services account had 300
+mln marks deficit, supplementary trade items a 200 mln mark
+surplus while transfer payments posted a 3.7 billion mark
+deficit.
+    Taking the first two months of 1987 together, imports in
+value terms fell 14 pct to 62.6 billion marks compared with a
+year earlier. The value of exports totalled 80.2 billion marks,
+a decline of 7.4 pct against the same months of 1986.
+    The resulting trade surplus of 17.6 billion marks for
+January/February compares with a cumulative surplus of 14.1
+billion marks in the year-ago period.
+    The cumulative current account surplus for January and
+February 1987 totalled 11.3 billion marks against 11.4 billion
+marks a year earlier, the Statistics Office said.
+    Bank economists said the rise in the February trade surplus
+reflected an improvement in the terms of trade as well as
+seasonal factors. The Federal Statistics Office said earlier
+this week that February import prices fell 0.7 pct against
+January while export prices were unchanged.
+    "The rise in the nominal figures masks a lower export trend
+that is not expected to change for several months at least,"
+said an economist. He said the nominal trade surplus for 1987
+as a whole is likely to fall only slightly from the record
+112.2 billion marks in 1986 but other economists said the
+surplus could fall to around 80 billion marks.
+    An economist at the Bank fuer Gemeinwirtschaft (BfG) in
+Frankfurt said a two-month comparison of trade figures gave a
+more accurate picture of West Germany's trade position.
+    He noted the 17.6 billion mark surplus for January and
+February together was lower than the 21.6 billion mark surplus
+posted in November and December.
+    "The trend is clearly lower," he said.
+    This economist, who declined to be named, said the February
+rise was also partly explained by special factors in January,
+when there had been a number of public holidays as well as
+extremely cold weather, both of which hindered trade.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15270" NEWID="9750">
+<DATE>26-MAR-1987 05:24:48.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0333&#31;reute
+b f BC-MONTREAL-TRUSTCO-ISSU   03-26 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTREAL TRUSTCO ISSUES CANADIAN DOLLAR EUROBOND</TITLE>
+<DATELINE>    PARIS, March 26 - </DATELINE><BODY>Montreal Trustco Inc is issuing a 100 mln
+Canadian dlr, 8-1/2 pct bond due May 6, 1992 at 101 pct, lead
+manager Societe Generale said.
+    The non-callable issue is of unsecured, unsubordinated
+debt. Denominations are of 1,000 and 10,000 Canadian dlrs and
+listing is in Luxembourg. Payment date is May 5.
+    Fees are 1-1/4 pct for selling, 3/8 pct for underwriting
+and 1/4 pct for management including a 1/8 pct praecipuum.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15271" NEWID="9751">
+<DATE>26-MAR-1987 05:25:24.20</DATE>
+<TOPICS><D>jobs</D><D>trade</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>keating</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0337&#31;reute
+u f BC-KEATING-REVISES-DOWN   03-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEATING REVISES DOWN AUSTRALIAN GROWTH FORECAST</TITLE>
+<DATELINE>    CANBERRA, March 26 - </DATELINE><BODY>Treasurer Paul Keating forecast
+economic growth at slightly under two pct in the financial year
+ending June this year, down from the 2.25 pct forecast
+contained in the 1986/87 budget delivered last August.
+    Australia's terms of trade also fell, by 18 pct, over the
+past two years, he told Parliament. Terms of trade are the
+difference between import and export price indexes.
+    Despite the figures, the budget forecast of about 1.75 pct
+annual growth in employment would be met, Keating said.
+    Unemployment is currently at 8.2 pct of the workforce.
+    "This government is dragging Australia through a trading
+holocaust the kind of which we have not seen since the Second
+World War," Keating said.
+    "We are not pushing this place into a recession. We are not
+only holding our gains on unemployment, we are bringing
+unemployment down," he said, adding that the government had help
+the country avoid recession.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15272" NEWID="9752">
+<DATE>26-MAR-1987 05:29:07.05</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0342&#31;reute
+u f BC-TAIWAN'S-SAVINGS-AT-R   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN'S SAVINGS AT RECORD HIGH</TITLE>
+<DATELINE>    TAIPEI, March 26 - </DATELINE><BODY>Taiwan has over one trillion Taiwan dlrs
+in savings, official statistics show.
+    Figures released yesterday show all forms of savings by
+individuals and public and private firms, including bank
+deposits, certificates of deposits and bond's, are running at
+about 37 pct of gross national product (GNP).
+    GNP rose by 14.35 pct in 1986 to 2.74 trillion dlrs.
+    Taiwan's strict foreign exchange controls and lack of
+incentives to invest abroad mean its huge export earnings are
+mainly deposited in bank savings accounts, earning below four
+pct interest each year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15273" NEWID="9753">
+<DATE>26-MAR-1987 05:31:26.88</DATE>
+<TOPICS><D>saudriyal</D><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0343&#31;reute
+u f BC-SHORT-DATED-SAUDI-RIY   03-26 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHORT-DATED SAUDI RIYAL RATES FIRM IN QUIET MARKET</TITLE>
+<DATELINE>    BAHRAIN, March 26 - </DATELINE><BODY>Short-dated Saudi riyal interest rates
+firmed but other rates were steady in quiet trading, dealers
+said.
+    "Day-to-day money is a bit tighter," one trader said.
+    Overnight rose two points to six pct, while most quotes for
+tomorrow/next and spot/next were 1/2 point higher at around
+six, 5-1/2 pct.
+    The periods were essentially steady at 5-7/8, 5/8 pct for
+one month, 6-1/2, 3/8 pct for three, and 6-7/8, 11/16 for six
+months.
+    The spot riyal stood at 3.7500/05 to the dollar after
+3.7506/09 yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15274" NEWID="9754">
+<DATE>26-MAR-1987 05:32:33.87</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0345&#31;reute
+u f BC-JAPAN-BEEF-PRICE-SUPP   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BEEF PRICE SUPPORT CUT WILL NOT RAISE DEMAND</TITLE>
+<AUTHOR>    By Fumiko Fujisaki, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>Japan's plan to cut beef intervention
+prices for the fiscal year starting April 1 will not boost
+demand because of strict supply controls and a complex
+distribution system, Japanese and U.S. Industry sources said.
+    "Government beef policy protects farmers rather than meeting
+consumers' demands and the cutback ... Is too marginal," a
+Housewives Association of Japan official said.
+    Despite mounting U.S. Pressure on Japan to open farm
+markets, beef is strictly controlled by the government, which
+maintains a price stabilisation zone to protect farmers.
+    Under the plan, expected to be announced this month, the
+standard or bottom price of castrated wagyu -- known as marbled
+beef -- will be set at 1,370 yen per kilo for 1987/88 against
+1,400 now, and the ceiling at 1,780 yen against 1,820.
+    The standard price of other beef, mainly produced from
+dairy steers, is set at 1,020 yen against 1,090 and the ceiling
+at 1,325 against 1,420.
+    Ministry officials said the semi-government Livestock
+Industry Promotion Corp (LIPC) conducts buffer stock operations
+to help keep wholesale beef prices within the intervention
+price zone.
+    The LIPC is allowed to import most beef, with the amount
+set by the government under a quota system. When wholesale
+prices go above the ceiling, the LIPC releases its beef stocks,
+both domestic and imported, and buys locally produced beef when
+prices are below.
+    But the LIPC has often been criticised for releasing beef
+stocks when the prices are higher than the ceiling.
+    Phillip Seng, Asian Director of the U.S. Meat Export
+Federation, told Reuters the two pct cut in prices is a step
+toward closing the gap with European Community prices, about
+half those in Japan.
+    But Seng said the cut will not benefit consumers or U.S.
+Meat exporters because of Japan's rigid and complicated
+distribution system and strict supply control by the LIPC.
+    The Housewives Association official said retail beef prices
+are high mainly because of distribution problems and high
+production costs, as well as poor operations by the LIPC.
+    American meat packers see Japan as a promising market. F.C.
+Beatty, of U.S. Packer John Morrell and Co, told the Japan
+Times beef cuts, which sell for 1.20 to 3.00 dlrs a pound in
+the U.S., Are sold at 15 to 30 dlrs in Japan.
+    But Seng said the cut will not benefit consumers or U.S.
+Meat exporters because of Japan's rigid and complicated
+distribution system and strict supply control by the LIPC.
+    The Housewives Association official said retail beef prices
+are high mainly because of distribution problems and high
+production costs, as well as poor operations by the LIPC.
+    American meat packers see Japan as a promising market. F.C.
+Beatty, of U.S. Packer John Morrell and Co, told the Japan
+Times beef cuts, which sell for 1.20 to 3.00 dlrs a pound in
+the U.S., Are sold at 15 to 30 dlrs in Japan.
+    But industry sources said it is unclear how much demand
+will pick up if retail beef prices drop following any sharp
+reduction in intervention prices.
+    U.S. Agriculture Secretary Richard Lyng said this week he
+will ask Japan to remove all beef import restrictions when he
+visits here next month.
+    In 1984, Japan decided to increase its beef import quota by
+9,000 tonnes a year until March 31, 1988.
+    In 1987/88, the quota will rise to 177,000 tonnes from
+168,000 in 1986/87, ministry officials said, adding Japan wants
+to keep self-sufficiency in beef at around 70 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15275" NEWID="9755">
+<DATE>26-MAR-1987 05:33:33.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0350&#31;reute
+u f BC-FOREIGN-FIRMS-HOPE-TO   03-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREIGN FIRMS HOPE TO JOIN JAPAN TELECOM COMPANY</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>One of two rival firms seeking to enter
+Japan's international telecommunications market said it will
+offer a stake in the company to 10 foreign firms.
+    President of &lt;International Telecom Japan Inc> (ITJ), Nobuo
+Ito, decline to specify what share the firms would take, but
+told Reuters they would not participate in its management.
+    ITJ and &lt;International Digital Communications Planning Inc>
+(IDC), in which both Cable and Wireless Plc &lt;CAWL.L> and
+Pacific Telesis Group &lt;PAC.N> own 20 pct stakes, are set to
+merge into a new entity to compete against &lt;Kokusai Denshin
+Denwa Co Ltd> (KDD).
+    The Ministry of Posts and Telecommunications has urged the
+two rival firms to merge so KDD would have only a single
+competitor. The ministry has also rejected foreign management.
+    Japan's law limits foreign ownership of any new
+international telecommunications entrant to 33 pct, so C and
+W's and Pacific's stakes could be three pct in the merged firm,
+sources said. Those seeking to join are General Electric Co
+&lt;GE.N>, Ford Motor Co &lt;F.N>, &lt;Citibank NA>, BankAmerica Corp
+&lt;BAC.NYSE>, &lt;Shearson Lehman Bros Inc>, &lt;Saloman Brothers>,
+&lt;Asia Boeing Computer Service>, Unisys Corp &lt;UIS.N>, &lt;Societe
+Generale> and Deutsche Bank AG &lt;DBKG.FRA>.
+    The merger plan has been criticised for excluding foreign
+firms from a meaningful position in the market.
+    The U.K.'s Prime Minister Margaret Thatcher, U.S. Secretary
+of State George Shultz, U.S. Commerce Secretary Malcolm
+Baldrige and U.S. Trade Representative Clayton Yeutter have all
+expressed such opposition.
+    Japanese Prime Minister Yasuhiro Nakasone will draft a
+reply to the criticism following further discussion, a Posts
+and Ministry official said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15276" NEWID="9756">
+<DATE>26-MAR-1987 05:37:51.56</DATE>
+<TOPICS><D>veg-oil</D><D>meal-feed</D><D>oilseed</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0364&#31;reute
+r f BC-U.K.-OILMEAL/VEG-OIL   03-26 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. OILMEAL/VEG OIL PRODUCTION ROSE IN 1986</TITLE>
+<DATELINE>    LONDON, March 26 -  </DATELINE><BODY>The U.K. Produced 820,400 tonnes of
+oilcake and meal and 431,000 tonnes of crude vegetable oil in
+calendar 1986, Ministry of Agriculture figures show.
+    They compare with 785,800 tonnes of oilcake and meal and
+407,400 tonnes of crude vegetable oil produced in 1985.
+    Total oilseeds crushed rose to 1.27 mln tonnes from 1.21
+mln in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15277" NEWID="9757">
+<DATE>26-MAR-1987 05:38:40.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0369&#31;reute
+u f BC-BNP-PLANS-100-MLN-H.K   03-26 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BNP PLANS 100 MLN H.K. DLR CD ISSUE</TITLE>
+<DATELINE>    HONG KONG, March 26 - </DATELINE><BODY>Banque Nationale de Paris Hong Kong
+branch is planning a 100 mln H.K. Dlr certificate of deposit
+issue with BT Asia Ltd as lead manager, banking sources said.
+    They said this is the first capped FRCD issue in Hong Kong.
+It is in two equal tranches. Tranche A, which matures January
+9, 1993, is payable April 9 this year. Tranche B, which matures
+September 15, 1992, is payable April 15.
+    Interest on both tranches is 1/8 percentage point over
+three months Hong Kong interbank offered rate, subject to a
+14-3/8 pct ceiling. Management fee is 25 basis points. The CDs
+will be issued at par in denominations of 100,000 dlrs each.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15278" NEWID="9758">
+<DATE>26-MAR-1987 05:39:20.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0371&#31;reute
+u f BC-PHILIPPINES-TO-PUT-10   03-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES TO PUT 100 STATE FIRMS UP FOR SALE</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 26 - </DATELINE><BODY>The head of a Philippine panel charged
+with selling the non-performing assets of government financial
+institutions said some 100 state-owned companies would also be
+put up for privatisation.
+    But David SyCip, chief executive trustee of the Asset
+Privatisation Trust (APT), told a meeting of financial
+executives the APT has not yet received a list of the firms.
+    "I believe lead investor groups, people who see long-term
+potential, are willing to buy such companies in full and do a
+hands-on job of running them," SyCip said.
+    SyCip said open bidding would be used to sell all assets
+handled by the APT. He said bidding would be either
+open-priced, if there were enough serious contenders, or the
+APT would set a target price for acquisition. He added that the
+target price did not constitute a rigid floor.
+    "What we consider an acceptable price is a price at which an
+investor will earn an adequate return," he said.
+    SyCip said the bulk of the APT's current work relates to
+the non-performing assets of the state-owned Development Bank
+of the Philippines (DBP) and the Philippine National Bank
+(PNB). The APT was set up in January.
+    SyCip said about 75 pct of the 400-odd assets that the DBP
+and the PNB are handing over to the APT are still in the form
+of financial assets.
+    "In some cases financial assets have been converted into
+physical assets by foreclosures. They are fairly cut and dried
+because we are dealing with mostly whole production facilities
+like textile or food-processing plants," he said.
+    "Financial assets are more complicated. The only recourse is
+to foreclose, gain titles, and try to sell the asset, but the
+laws here tend to favour the debtors," he added.
+    SyCip said although the APT is protected from prosecution
+by its charter, many debtors are tying up the panel with
+litigation.
+    "If you see some of the situations we have to work our way
+through you will see that our symbol, a Gordian knot, is an apt
+illustration," he said.
+    SyCip said the PNB has not succeeded in foreclosing on 16
+of the 17 sugar factories it wants to sell because of the high
+costs involved. "When you do your arithmetic you realise that if
+you did foreclose your recovery would be only a fraction of the
+asset's book exposure," he said.
+    SyCip said the APT was not worried about whether associates
+of former President Ferdinand Marcos, who originally owned many
+of the bankrupt companies, would buy them back through the
+privatisation scheme.
+    "We just look at the bottom line, which is to monetise these
+assets to the maximum degree possible," he said. "We are selling
+for cash, it is not our concern where it comes from."
+    He said he had told cabinet ministers sceptical about the
+identities of buyers that "Marcos cronies" could easily put up
+legitimate fronts if they were specifically barred from bidding
+for assets on the block.
+    "I told them if I am paid 20 mln pesos in 100-peso bills,
+all with identical serial numbers and they look like genuine
+legal currency, then I would accept them'," SyCip said.
+    He said some participants in the government's debt-equity
+swap scheme were interested in buying non-performing assets
+with the pesos they receive from such deals. The problem is
+government regulations slow down approval of debt-equity plans
+and the APT normally demands full payment within 15 days.
+    "The Central Bank and Monetary Board could also look at
+investment funds earmarked for non-performing asset purchases,"
+he said. "It would greatly facilitate matters."
+    SyCip said last month the APT hoped to recover about 24
+billion pesos of the assets' total worth of 108 billion.
+    President Corazon Aquino announced earlier this month that
+proceeds from the sale of APT-controlled assets would be used
+to finance the government's land reform program, which aims to
+distribute about 9.7 mln hectares of land to poor peasants.
+    Asked why the APT did not favour Filipino buyers, SyCip
+said: "How much money has the country to lose because of this
+'Filipinos first' slogan? How many people have become
+millionaires and then forgotten the Philippines and put their
+money in the United States or Australia?"
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15279" NEWID="9759">
+<DATE>26-MAR-1987 05:42:03.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0380&#31;reute
+u f BC-SINGAPORE-LAWS-TO-LIB   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE LAWS TO LIBERALISE LOCAL CAPITAL MARKET</TITLE>
+<AUTHOR>    By Lai Kwok Kin, Reuters</AUTHOR>
+<DATELINE>    SINGAPORE, March 26 - </DATELINE><BODY>Parliament passed laws increasing the
+amounts and frequency of treasury bill issues and allowing the
+government to raise up to 35 billion dlrs through issues of
+registered stock, bearer bonds and book-entry securities.
+    Both steps are aimed at establishing a wider domestic
+capital market as part of Singapore's plans to expand its
+financial sector, Finance Minister Richard Hu said.
+    Banking sources said the new government securities market,
+scheduled to have been launched on March 2, had been delayed
+pending legislative approval of these bills.
+    The 35 billion dlrs maximum which may be raised under the
+Development Loan Bill (1987), against a ceiling of 15 billion
+under current laws, is expected to satisfy demand for
+government securities over the next four years, Hu said.
+    He said 6.1 billion dlrs of the 15 billion has so far been
+raised as development loans. The rest will be used up when
+bonds are issued to absorb advance deposits of 13.9 billion
+dlrs from the Central Provident Fund (CPF), a mandatory pension
+savings scheme. Workers and employers contribute a respective
+25 pct and 10 pct of a worker's salary to the CPF, which had
+funds totalling 29.3 billion at end-1986.
+    Regular government securities issues are needed to meet the
+demand of banks, insurance companies, other financial
+institutions and corporate and individual investors, Hu said.
+    The Monetary Authority of Singapore (MAS) had said it
+planned to launch trading by issuing taxable instruments
+grossing seven billion dlrs in the first year and a gross 38
+billion dlrs of paper over the next five years.
+    Funds raised in excess of the government's budgetary needs
+will not be channelled into increased spending, but will be
+recycled back to the financial system, largely through the MAS,
+Hu said.
+    Hu said the current government securities market is
+rudimentary, with the CPF holding three-quarters of the
+outstanding debt and banks, discount houses and insurance
+companies holding the rest. "The concentration of securities in
+the hands of such long-term holders has left little scope for
+trading activity," he said.
+    "Moreover, the maturity of the bonds, mostly 20 years, was
+not attractive to other investors who might have been expected
+to deal more actively in the market. The infrequency of bond
+issues exacerbated the lack of liquidity necessary for the
+development of a market," Hu said.
+    Hu said these obstacles have been resolved and regular
+issues of government securities will be made, initially
+carrying terms of up to five years and market-related yields.
+    The minimum denomination is 1,000 dlrs for notes and bonds
+-- aimed at individual investors -- and 10,000 dlrs for the
+treasury bills, which are directed at corporate investors.
+    Eight primary and registered dealers have undertaken to
+make markets in order to ensure liquidity, he said.
+    Hu said while the new government securities market will be
+essentially domestic, non-residents are free to invest, but
+interest earned will be subject to withholding tax.
+    Hu said under the new Treasury Bills (Amendment) Bill, all
+book entries of borrowings through treasury bill issues must be
+made in records maintained by MAS.
+    Hu said that instead of physical certificates having to
+travel back and forth at each transaction, with side trips to
+the MAS for registration, the MAS will maintain a computerised
+system for updating records in a central register.
+    Commercial banks and primary and registered government
+securities dealers will each have two securities accounts with
+the MAS, one for their own holdings and the other for holdings
+on behalf of all their customers, Hu said.
+    All trades will be reflected daily in changes in these
+accounts, Hu said.
+    "These institutions will in turn act as custodians of
+government securities for their customers, rendering each an
+individual accounting of his holdings."
+    Hu said the new system will cut storage and handling costs
+and paper work, reduce the danger of loss, theft, destruction
+and counterfeiting, and permit greater speed and efficiency in
+handling large volumes of transactions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15280" NEWID="9760">
+<DATE>26-MAR-1987 05:42:55.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0385&#31;reute
+u f BC-SIEMENS-SEES-SALES-NE   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIEMENS SEES SALES NEAR 52 BILLION MARKS THIS YEAR</TITLE>
+<DATELINE>    MUNICH, March 26 - </DATELINE><BODY>World group turnover of Siemens AG
+&lt;SIEG.F> should rise to 51 or 52 billion marks in the current
+year to September 31 after a 19 pct upturn in the first five
+months, management board chairman Karlheinz Kaske said.
+    Siemens reported world group turnover in 1985/86 of 47.02
+billion marks.
+    Kaske told the annual shareholders meeting turnover rose to
+21.2 billion marks in the first five months of 1986/87, about
+19 pct above the same year-ago period. The rise was mainly due
+to payment in January for a West German nuclear power station
+which led to a jump in domestic sales of 36 pct.
+    In the first five 1986/87 months, turnover abroad showed a
+three pct increase, Kaske said, without giving figures.
+    In the same period incoming orders rose five pct to 21.8
+billion marks against the same 1985/86 period.
+    For the year as a whole incoming orders should rise between
+one and two billion marks to around 51 or 52 billion.
+    Apart from payments for the nuclear power station, the
+communications and telecommunications sectors in particular
+should contribute to growth this year, Kaske said.
+    But it was not possible to make a profit forecast for
+1986/87 because of uncertainty about the direction of the
+dollar, Kaske said.
+    Siemens already reported that first quarter 1986/87 group
+net profit fell marginally to 296 mln marks from 298 mln in the
+same period in the previous year.
+    Turnover in the first five months rose particularly
+strongly in the installations and automotive technology,
+communications and telecommunications sectors, but components
+and energy and automation showed a sharp decline.
+    Kaske said domestic orders rose to 10.2 billion marks in
+the first five months of this year, or nine pct above their
+level in the same 1985/86 period, boosted in particular by
+orders for the fully owned Kraftwerk Union AG subsidiary.
+    Foreign orders grew one pct to 11.6 billion marks. An
+increase in orders through newly acquired subsidiaries abroad
+was balanced by the decline in the dollar.
+    While the installations and automotive technology sector
+showed a sharp rise in orders, energy and automation and
+communications orders were below the level achieved in the same
+period of 1985/86.
+    Telecommunications orders remained at roughly the same
+level.
+    Kaske said investments were expected to remain around six
+billion marks in 1986/87 after a 50 pct increase the previous
+year. Research and development were likely to rise 13 pct to
+6.1 billion marks or around 12 pct of turnover.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15282" NEWID="9761">
+<DATE>26-MAR-1987 06:02:24.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0416&#31;reute
+r f BC-KRUPP-HAS-SATISFACTOR   03-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRUPP HAS SATISFACTORY 1986 RESULTS</TITLE>
+<DATELINE>    ESSEN, West Germany, March 26 - </DATELINE><BODY>The Fried. Krupp GmbH
+&lt;KRPG.D> steel and engineering group said it had a satisfactory
+1986 despite a provisional 12 pct fall in total group sales to
+18.1 billion marks from 20.7 billion the previous year.
+    Third party turnover declined to 15.9 billion from 18.5
+billion in 1985 while orders slipped to 15.5 billion marks from
+16.9 billion, it said in a preliminary statement.
+    Despite these figures, which reflected the dollar's
+weakness against the mark and oil and raw materials price
+falls, it said 1986 was a satisfactory year.
+    The reason was the continued expansion of the machinery and
+plant sector, which accounted for 42 pct of total sales.
+    Krupp added that some areas of the mechanical engineering
+business achieved notable growth rates and acquisitions had
+underpinned machinery and component activities.
+    An orders decline in the steel and, in particular, the
+trading and services sectors, affected the group's total order
+figures.
+    However, "all business sectors contributed to the positive
+results achieved in 1986," Krupp added, without giving details.
+    Domestic orders decreased by five pct to 9.6 billion marks
+from the previous year and foreign orders fell 14 pct to 5.9
+billion, it said. Foreign business accounted for 38 pct of
+orders against 40 pct in 1985.
+    Orders received by the machinery and plant sector, 11
+member companies which comprise the core area of the group,
+rose by four mln marks last year to 6.9 billion, Krupp said.
+    The group's orders in hand amounted to 9.1 billion marks at
+end-December 1986 from 10.3 billion at the start of the year.
+    Orders received by the steel sector last year decreased by
+three pct to 6.2 billion marks from 1985, it said.
+    The steel market weakened increasingly over the year,
+mainly because of exchange rate movements, the deterioration in
+foreign trade and a downturn in a number of customer
+industries.
+    The difficult market for sections and flats of quality
+steel depressed order tonnages by around seven pct, Krupp said.
+But special steel boosted by strong demand for stainless
+cold-rolled flats, grew by five pct in tonnage terms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15283" NEWID="9762">
+<DATE>26-MAR-1987 06:12:12.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0429&#31;reute
+u f BC-JAPANESE-SCIENTISTS-D   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE SCIENTISTS DEVELOP AIDS DETECTION MATERIAL</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>Japanese scientists say they have
+developed a material which can help detect the killer disease
+Aquired Immune Deficiency Syndrome (AIDS).
+    Leading Japanese AIDS scientist professor Naoki Yamamoto
+told Reuters he and other scientists working at Yamaguchi
+University in southern Japan have been testing the material's
+ability to filter the AIDS virus from blood since last April
+and produced successful results.
+    He said the material, a tube made from a cellulose
+membrane, could only be used to diagnose AIDS sufferers and not
+cure them.
+    The share price of Asahi Chemical Company&lt;ASAT.T>, which
+plans to market the product in about a year's time, rose
+sharply but ended the day only 27 yen higher at 905 yen a
+share.
+    The cellulose tubes, which Asahi will market under the name
+Bemberg Microporous Membrane (BMM), can also separate the virus
+of the kidney ailment hepatitis and may be applied to
+diagnosing polio sufferers, vice-president of Asahi Chemical,
+R. Yumikura said. Ashai will supply BMM for research purposes
+soon.
+    Shares of companies even remotely related to the fight
+against AIDS have risen on the Tokyo stock market since the
+first Japanese woman died of the disease in Kobe in January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15284" NEWID="9763">
+<DATE>26-MAR-1987 06:14:42.35</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0437&#31;reute
+r f BC-NO-PESSIMISM-FOR-GERM   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO PESSIMISM FOR GERMAN EXPORTERS, MINISTRY</TITLE>
+<DATELINE>    BONN, March 26 - </DATELINE><BODY>Firms need not be pessimistic about export
+prospects even though foreign markets have become more
+difficult because of the mark's strength the Economics Ministry
+said.
+     The ministry's parliamentary state secretary Ludolf Georg
+von Wartenberg, told a business conference German exports could
+start rising again in real terms during 1987, reversing the
+lower export trend which emerged in mid-1986.
+    But even if the turnaround did not occur, there would be no
+need to worry about the economy as long as the weakness of
+exports did not affect currently good domestic demand.
+    Von Wartenberg said consumer demand remained quite good but
+noted there had been a cooling in the investment climate. "This
+is certainly a reason for heightened watchfulness but not for
+stimulative steps," he said.
+    The best way for Bonn to help its exporters is to work
+actively to promote free world trade, he added.
+    Von Wartenberg said the economy still had good export
+opportunities. Price alone was not the only factor in
+international competitiveness, he said, adding German firms
+have a reputation for high quality standards, prompt delivery
+times and good service.
+    Von Wartenberg said the government was in a difficult
+position on its trade figures.  It faced international pressure
+to reduce its trade surplus, but West Germans were worried
+about the effect of the mark's strength on the country's
+exporters.
+    Reports about the trade surplus, especially overseas,
+tended to concentrate on nominal trade figures, which rose to a
+record 112.2 billion marks in 1986, he said. But this rise was
+due entirely to the lower value of imports caused by the
+decline of both the dollar and oil prices. German exports have
+in fact been falling in real terms for sometime, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15285" NEWID="9764">
+<DATE>26-MAR-1987 06:26:15.94</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>uk</D><D>west-germany</D><D>france</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0450&#31;reute
+u f BC-MONETARY-AUTHORITIES   03-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONETARY AUTHORITIES SAID TO LOSE CREDIBILITY</TITLE>
+<AUTHOR>    By Etsuko Yamamoto, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>The monetary authorities of the major
+industrialised countries lost their credibility this week as
+the dollar was sold off despite pleas from ministers and
+widespread central bank intervention, dealers said.
+    The dollar's fall below 150 yen, which follows last month's
+Paris currency stabilisation agreement by the U.S., Japan, West
+Germany, Britain, France and Canada, is a dramatic reversal of
+the success of the Group of Five (G-5) 1985 New York Plaza
+meeting to weaken the dollar, they said.
+    The G-5 and the market agreed in 1985 that the dollar was
+overvalued but this time the market and the authorities are on
+different sides, dealers said.
+    Apparent confusion in the ranks of the G-5 nations has
+encouraged the market to challenge the authorities despite
+concerted intervention by the central banks of the United
+States, Japan, Britain and West Germany, they said.
+    Pleas by Japanese Finance Minister Kiichi Miyazawa for
+action to stabilise the dollar were matched over the weekend by
+comments by U.S. Treasury Secretary James Baker that there was
+no target zone for the dollar. The dollar was sold anyway.
+    Yesterday's comment by Baker that he stood by the Paris
+accord did nothing to reverse sentiment, dealers said.
+    The intervention, backed by remarks by Fed Chairman Paul
+Volcker and Japanese central bank governor Satoshi Sumita,
+which a few months ago would have brought the dollar fall to a
+halt, has done little but slow the rate of its decline, they
+noted.
+    The situation has again raised the question of whether
+intervention can succeed against the trend in today's huge
+currency markets. Dealers said the market's cool response to
+intervention reflected a basic oversupply of dollars.
+    "This means that the current dollar selling is not of a
+sheer speculative nature but backed by real demand," said Koichi
+Miyazaki, deputy general manager at Sanwa Bank.
+    Dealers said the dollar will remain weak despite the
+intervention and it is only a matter of time before some
+operators try to push it below 148 yen. The dollar closed in
+Tokyo today at 149.40 against New York's 149.30/40. Its record
+low was 148.40 in Tokyo last Tuesday.
+    Dealers said the dollar will gain only temporary support to
+rise above 150 yen toward early April when the Group of Seven
+industrial nations meets to discuss currencies again.
+    The market expects the seven nations (the Paris six plus
+Italy) to try to agree on another way to stabilise currencies
+apart from intervention, a chief dealer at a U.S. Bank said.
+    Dealers said they were unsure what other methods could be
+used and they are sceptical anyway about how long the Paris
+accord nations, particulary the U.S., Will remain willing to
+prevent a further dollar fall given the continuing high U.S.
+Trade deficit, especially with Japan.
+    Further pressure from a protectionist U.S. Congress for a
+lower dollar is also limiting Washington's options, they said.
+    The market now thinks the central bank action is to slow
+the dollar fall, not to push it back over 150 yen, said
+Tadahiko Nashimoto, manager at Long Term Credit Bank of Japan.
+    Another bearish factor for the dollar is expected large
+forward dollar sales from April to June for export bills
+falling due for Japanese exporters from April to September.
+    The exporters had delayed in expectation of a further yen
+depreciation, dealers said.
+    Yesterday's request to 30 trading houses by the Ministry of
+International Trade and Industry to restrict dollar sales looks
+ineffective in light of this real demand, they said.
+    The market is also anticipating active institutional dollar
+sales to hedge currency risks on bond holdings from the new
+business year starting April 1, dealers said.
+    "The market seems to have established a new dollar trading
+range between 147 and 149 yen," one dealer said.
+    The dollar traded between 151 and 153 yen after the Paris
+accord on February 22 and 150 yen was then considered the low
+end for the dollar against the yen, he said.
+    Some dealers now believe that if the dollar falls below 148
+yen, it will pick up renewed downward momentum and slide to
+145.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15286" NEWID="9765">
+<DATE>26-MAR-1987 06:32:20.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0462&#31;reute
+b f BC-AUSTRIA-MAKES-TWO-BIL   03-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRIA MAKES TWO BILLION SCHILLING NOTE ISSUE</TITLE>
+<DATELINE>    VIENNA, March 26 - </DATELINE><BODY>Austria is making a two billion
+schilling issue of floating rate treasury notes carrying
+interest of 1/8th of a point over the three-month Vienna
+Interbank Offered Rate (VIBOR), lead manager Oesterreichische
+Laenderbank AG [OLBV.VI] said.
+    The issue, to be made at par, carries a placing fee of 20
+basis points and will be listed in Vienna, a Laenderbank
+official told Reuters.
+    The issue will have an initial three-year life and the
+issuer has the right to make two three-year extensions and a
+further one-year extension to 1997.
+    Payment and closing date is April 23 and redemption will be
+on the same date at the end of each of the periods.
+    The notes, in one mln schilling denominations, may not be
+offered in Austria, Britain or the United States.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15287" NEWID="9766">
+<DATE>26-MAR-1987 06:33:20.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0465&#31;reute
+u f BC-FRANCE'S-CAECL-ISSUES   03-26 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE'S CAECL ISSUES THREE BILLION FRANC BOND</TITLE>
+<DATELINE>    PARIS, March 26 - </DATELINE><BODY>Caisse d'Aide a l'Equipement des
+Collectivites Locales (CAECL) is issuing a three billion franc
+two-tranche domestic bond, the lead managers said.
+    The first two billion franc tranche at a fixed rate of 8.90
+pct is led by Credit Lyonnais, Banque Indosuez and Union de
+Garantie et de Placement, with Credit Lyonnais as book-runner.
+    The non-callable, 13 year and 80 days bond is issued at
+100.419 pct. Payment date is May 28 with the first coupon
+payment in 1988.
+    The second one billion franc, variable-rate tranche is led
+by Banque Indosuez, Credit Lyonnais and UGP, with Indosuez as
+book-runner.
+    The 12 year 94 day bond is issued at 98.672 pct. Interest
+is based on average state bond yields (TME), with a margin of
+less 0.24 pct on the basis of TME at 8.45 pct. Payment date
+will be May 28 with the first coupon payment in 1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15288" NEWID="9767">
+<DATE>26-MAR-1987 06:33:49.73</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0467&#31;reute
+f f BC-UK-FEB-TRADE-DEFICIT   03-26 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UK FEB TRADE DEFICIT 224 MLN STG VS DEFICIT 527 MLN IN JAN - OFFICIAL.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15289" NEWID="9768">
+<DATE>26-MAR-1987 06:34:45.10</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0469&#31;reute
+f f BC-U.K.-FEB-CUURENT-ACCO   03-26 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. FEB CUURENT ACCOUNT SURPLUS 376 MLN STG VS JAN SURPLUS 73 MLN - OFFICIAL.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15290" NEWID="9769">
+<DATE>26-MAR-1987 06:37:09.56</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0472&#31;reute
+r f BC-MALAYSIAN-CENTRAL-BAN   03-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN CENTRAL BANK SEES HIGHER 1987 GROWTH</TITLE>
+<DATELINE>    KUALA LUMPUR, March 26 - </DATELINE><BODY>Gross domestic product (GDP)
+growth in 1987 is expected to grow by between 1.5 and two pct,
+up from one pct in 1986, the central bank said.
+    The forecast compares with the one pct GDP growth forecast
+made by the Treasury last October.
+    Bank Negara also said in its annual report that gross
+national product (GNP) is expected to grow by 3.5 to four pct,
+after declining 7.3 pct in 1986.
+    It said that a turnaround in investor confidence since last
+November had been spurred by a moderate improvement in oil and
+commodity prices and a rise in manufacturing exports.
+    Growth in 1987 is expected to come from the anticipated
+rise in export earnings if the industrialised countries sustain
+their average GNP growth at 2.5 to three pct, it added.
+    Bank Negara said its forecast assumes that crude oil will
+average 15.50 dlrs a barrel, rubber at 210 cents a kilo, palm
+oil at 850 ringgit a tonne, tin at 17 ringgit a kilo and a rise
+of 12 pct in manufacturing exports.
+    It said Malaysia's international terms of trade will turn
+around to rise by two pct in 1987 after declining 12 pct in
+1986 and five pct in 1985.
+    "In 1987, income will be higher, private consumer spending
+is likely to recover and expand... The budget will remain under
+strict control... The resource gap in the government's finances
+on current account will be bridged over the near term," Bank
+Governor Jaafar Hussein said in the report.
+    The current account deficit is expected to narrow to 1.19
+billion ringgit in 1986 or 1.8 pct of GNP from 1.79 billion or
+2.5 pct of the GNP the previous year.
+    The bank forecasts the inflation rate will increase by 1.5
+pct, after its 0.7 pct rise in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15291" NEWID="9770">
+<DATE>26-MAR-1987 06:41:37.37</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0476&#31;reute
+b f BC-U.K.-VISIBLE-TRADE-DE   03-26 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. VISIBLE TRADE DEFICIT NARROWS IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Britain's visible trade deficit narrowed
+to a seasonally adjusted provisional 224 mln stg in February
+from 527 mln in January, The Trade and Industry Department
+said.
+    The current account balance of payments in February showed
+a seasonally adjusted provisional surplus of 376 mln stg
+compared with a surplus of 73 mln in January.
+    Invisibles in February were put provisionally at a 600 mln
+surplus, the same as in January.
+    Seasonally adjusted, imports rose in February to 7.16
+billion stg from 6.73 billion in January. Exports rose to a
+record 6.93 billion last month from 6.20 billion in January.
+    Trade Department officials said the improvement in
+Britain's current account contrasted with most private
+forecasts and they attributed much of the strength to imports
+rising less quickly in February than might otherwise have been
+expected.
+    The Department said exceptionally cold weather in January
+reduced exports that month and that there had been an element
+of catching up in the February figures.
+    The seasonally adjusted volume index, base 1980, a guide to
+underlying non-oil trade, showed exports rising to 131.0 from
+114.6 in January and imports rising to 142.2 from 136.5.
+    The value of British oil exports in February rose to 751
+mln stg from 723 mln in Jnauary while oil imports rose to 425
+mln from 352 mln.
+    The Department said the upward trend in non-oil export
+volume continues and the underlying level of non-oil import
+volume seems to have stablised.
+    The Departnment said exports to the U.S. May be benefiting
+from fluctuations in the mark and yen exchange rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15292" NEWID="9771">
+<DATE>26-MAR-1987 06:54:47.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0491&#31;reute
+u f BC-LUCAS-SEES-CONTINUED   03-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUCAS SEES CONTINUED GROWTH IN SECOND HALF</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Lucas Industries Plc &lt;LUCS.L> said its
+underlying performance would continue to improve in the second
+half but profits would be restrained by low activity in U.K.
+Commercial vehicle and tractor markets as well as in North
+American electronics.
+    The company earlier reported a two mln stg rise in pretax
+profit to 40 mln in the six months to end-January. The figure
+was some five mln below forecasts and Lucas shares dropped
+sharply to 557.5p at 1130 GMT from last night's close of 590p.
+    It said it would continue with plans for all its activities
+to be internationally competitive and profitable.
+    Costs of restructuring, reorganisation, employee training
+and retraining, particularly in the UK automotive businesses,
+together with high research and development spending would
+affect profits in the short term.
+    But Lucas said it was exploiting growth opportunities in
+automotive markets, especially in vehicle breaking and engine
+management systems. Recent acquisitions in North America had
+strengthened Lucas Aerospace and Lucas Industrial systems.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15293" NEWID="9772">
+<DATE>26-MAR-1987 07:01:14.42</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>iwc-wheat</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0497&#31;reute
+f f BC-IWC-ups-Soviet-grain   03-26 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IWC ups Soviet grain 1986/87 import estimate three mln tonnes to 29 mln - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15294" NEWID="9773">
+<DATE>26-MAR-1987 07:02:37.03</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>iwc-wheat</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0501&#31;reute
+f f BC-IWC-lifts-1986/87-wor   03-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IWC lifts 1986/87 world wheat, coarse grain estimate one mln tonnes to record 1,377 mln
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15295" NEWID="9774">
+<DATE>26-MAR-1987 07:09:22.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0510&#31;reute
+r f BC-ECONOMIC-SPOTLIGHT--   03-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - SWISS BANKING SECRECY</TITLE>
+<AUTHOR>    By Peter Conradi, Reuters</AUTHOR>
+<DATELINE>    ZURICH, March 26 - </DATELINE><BODY>Swiss lawyers have largely headed off an
+attempt to restrict banking secrecy and curb their powers to
+act for clients despite the new, revised code of banking
+conduct agreed by the Bankers' Association this week, analysts
+said.
+    The "laundering" of drug and "insider dealing" money and
+controversy over accounts of the ousted Philippine and Haitian
+Presidents have hurt the standing of Swiss banks recently and
+strained international relations, particularly with the United
+States.
+    Critics said the new code fell well short of demands for
+reform, doing little to close a key loophole in the requirement
+that banks know the identity of their customers.
+    The Social Democratic party, a member of the ruling
+four-party coalition, which forced an unsuccesful 1984
+referendum to curb banking secrecy, complained the code still
+fell short of the legal controls they wanted.
+    "It looks a slight improvement on paper, but the same tricks
+will still be possible in practice," Felix Meier, a senior party
+official, told Reuters.
+    In contrast, Swiss lawyers are happy with the new code.
+    "Apart from a few nuances, we are very pleased with the
+agreement," said Max Oesch, a senior official of the Swiss
+Lawyers Federation, which has fought a long campaign to prevent
+any curbs on lawyers' ability to act for their clients.
+    "It has shown that the 4,000 Swiss lawyers who do a good job
+should not be punished for the sake of getting at the one or
+two black sheep."
+    The role of lawyers has been at the centre of long running
+discussions on the renewal of the so-called "convention of
+diligence," a voluntary code of banking conduct introduced in
+response to a major banking scandal here in 1977.
+    With secrecy back in the public eye due to the Ferdinand
+Marcos case and a Swiss bank link to the recently busted "Pizza
+Connection" international heroin ring, officials at the Banking
+Commission said earlier this year they wanted a tightening of
+rules on anonymity.
+    However, the changes in the new code, which comes into
+operation in October, have been minor.
+    Clients will still be able to keep their identity secret
+from the banks provided their lawyer pledges that the
+relationship with his client "is not only of a temporary nature"
+and involves provision of other legal services.
+    The Lawyers' Association said this part of their business
+is very minimal anyway. In the majority of cases, people had
+perfectly legal private or commercial reasons for not wanting
+the bank to know their identity, Oesch said.
+    The Banking Commission, despite its earlier demand for a
+virtual abolition of the loophole, also said it was happy with
+the new code.
+    However, critics complain that the agreement does not go
+far enough to restrict the role of lawyers and could still be
+circumvented by criminals.
+    "No other group in society is allowed to regulate itself as
+much as the banks," complained Meier of the Social Democrats. "I
+hope that the Banking Commission exercises its proper control
+function."
+    However, other parts of the agreement won praise.
+    In particular, banks will also now be required to demand
+the identity anyone doing more than 100,000 Swiss francs worth
+of business with them, even if they do not have an account at
+the bank. Until now, the threshold was 500,000 francs.
+    Peter Kluser, head of the National Bank's legal department,
+which had argued for a lower limit, said the move could help
+combat the use of banks to "launder" or hide the criminal origin
+of money.
+    The new code also clarifies the legal status of a tribunal
+able to impose heavy fines on banks which do not respect the
+code.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15296" NEWID="9775">
+<DATE>26-MAR-1987 07:12:10.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f0517&#31;reute
+r f BC-MONTREAL-TRUSTCO-ISSU   03-26 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTREAL TRUSTCO ISSUES CANADIAN DOLLAR EUROBOND</TITLE>
+<DATELINE>    PARIS, March 26 - </DATELINE><BODY>Montreal Trustco Inc is issuing a 100 mln
+Canadian dlr, 8-1/2 pct bond due May 6, 1992 at 101 pct, lead
+manager Societe Generale said.
+    The non-callable issue is of unsecured, unsubordinated
+debt. Denominations are of 1,000 and 10,000 Canadian dlrs and
+listing is in Luxembourg. Payment date is May 5.
+    Fees are 1-1/4 pct for selling, 3/8 pct for underwriting
+and 1/4 pct for management including a 1/8 pct praecipuum.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15297" NEWID="9776">
+<DATE>26-MAR-1987 07:13:52.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>libya</D><D>chad</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0525&#31;reute
+u f BC-LIBYANS-APPEAR-TO-BE   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBYANS APPEAR TO BE PULLING OUT OF CHAD</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Libyan forces appear to be
+withdrawing from their last stronghold in Chad after suffering
+defeats at the hands of French-backed government troops,
+according to officials in both the U.S. And France.
+    In Washington, a State Department spokesman told reporters
+"we have no reason to doubt that Libyan forces are leaving Faya
+Largeau," Libya's main garrison in Chad.
+    The French Defence Ministry said it could not confirm the
+departure of the Libyan troops, but an official said "it is
+extremely likely. They are deprived of air cover and supplies,
+and their morale must be zero."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15298" NEWID="9777">
+<DATE>26-MAR-1987 07:14:36.28</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0528&#31;reute
+r f BC-TRADE-SURPLUS-CUT-WOU   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE SURPLUS CUT WOULD BENEFIT JAPAN - SUMITA</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>Bank of Japan Governor Satoshi Sumita
+said it is in Japan's national interest to make greater efforts
+to reduce its trade surplus.
+    He told business executives the most important issues for
+the world economy are the correction of international trade
+imbalances and a solution to the world debt problem.
+    To this end, Japan and the U.S. Must make medium- and
+long-term efforts to alter economic structures which have
+expanded the trade gap between the two nations. World economic
+growth and therefore an expansion of debtor countries' export
+markets are needed to solve the debt issue, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15299" NEWID="9778">
+<DATE>26-MAR-1987 07:15:16.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0533&#31;reute
+u f BC-ALSTHOM-AWARDED-900-M   03-26 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALSTHOM AWARDED 900 MLN FRANC PAKISTANI DEAL</TITLE>
+<DATELINE>    PARIS, March 26 - </DATELINE><BODY>French heavy engineering group Alsthom
+&lt;ALSF.PA> has won a 900 mln franc contract from Pakistan to
+supply four 100 MW gas turbines, the company said in a press
+release.
+    The turbines are for the electricity generating plant at
+Kot-Addu, in central Pakistan and are expected to be
+operational at the end of 1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15300" NEWID="9779">
+<DATE>26-MAR-1987 07:18:07.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0546&#31;reute
+d f BC-COMMISSION-APPROVES-R   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMISSION APPROVES RAINBOW/PROGRESSIVE MERGER</TITLE>
+<DATELINE>    WELLINGTON, March 26 - </DATELINE><BODY>The Commerce Commission has approved
+a proposed merger between &lt;Progressive Enterprises Ltd> and
+&lt;Rainbow Corp Ltd>, Rainbow said in a statement.
+    The merger involves the formation of a new company &lt;Astral
+Pacific Corp Ltd> which will acquire all shares in both
+companies on a one-for-one share exchange basis.
+    Rainbow earlier this week lifted its stake in Progressive
+to 52 pct from 44 pct. The statement said a new private
+company, &lt;Transcapital Corp Ltd>, fully owned by Rainbow
+directors Craig Heatley, Gary Lane and Ken Wikeley, will
+purchase this stake for an undisclosed cash sum.
+    The Commission has also approved Transcapital acquiring up
+to 45 pct of Astral Pacific, Rainbow said.
+    &lt;Brierley Investments Ltd>, which has been a frequent
+critic of the merger, launched a full bid for Progressive at
+4.20 N.Z. Dlrs a share last Monday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15301" NEWID="9780">
+<DATE>26-MAR-1987 07:18:57.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0548&#31;reute
+u f BC-VIOLENCE-REPORTED-IN   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIOLENCE REPORTED IN ECUADOR GENERAL STRIKE</TITLE>
+<DATELINE>    QUITO, March 26 - </DATELINE><BODY>At least 14 people were injured and many
+arrested in clashes during a one-day general strike called by
+Ecuadorean workers to protest against austerity measures
+imposed after a major earthquake on March 5.
+    Interior Minister Luis Robles said the worst violence was
+in Quito, where demonstrators threw rocks at a luxury hotel and
+a number of banks.
+    Over 80 people in eight cities were detained for stoning
+police, attacking troops, damaging buildings and setting fire
+to cars, he said. The casualty and damage toll is expected to
+rise as detailed reports reach the capital from the provinces.
+    Labour leaders said they shut down all of Ecuador's
+industrial plants, but Labour Minister Jorge Egas said of the
+country's 900 largest factories only 86 were closed, 32 were
+partially working and the rest operating normally.
+    The strike, called by leftist unions and declared illegal
+by the government, was aimed at pressing the administration to
+scrap an austerity program adopted on March 13 following an
+earthquake that killed up to 1,000 people and caused an
+estimated billion dlrs in damage.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15302" NEWID="9781">
+<DATE>26-MAR-1987 07:20:17.43</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0552&#31;reute
+b f BC-U.K.-MONEY-MARKET-FOR   03-26 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET FORECAST REVISED TO DEFICIT</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>The Bank of England said it revised its
+estimate of today's money market shortfall to around 350 mln
+stg from a flat position.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15303" NEWID="9782">
+<DATE>26-MAR-1987 07:21:27.37</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D><D>canada</D><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>iwc-wheat</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0556&#31;reute
+b f BC-IWC-LIFTS-WORLD-GRAIN   03-26 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IWC LIFTS WORLD GRAIN OUTPUT ESTIMATE TO RECORD</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>The International Wheat Council (IWC)
+lifted its estimate for 1986/87 world wheat and coarse grain
+production by one mln tonnes to a record 1,377 mln, compared
+with 1,351 mln tonnes the previous season.
+    In its monthly market report, the IWC said it is leaving
+unchanged its forecast of world wheat production for the coming
+1987/88 season at between 520 and 530 mln tonnes against a
+record 534 mln in 1986/87. The one mln tonne upward revision in
+1986/87 wheat production reflects several minor adjustments.
+The IWC raised the 1986/87 coarse grain trade figure two mln to
+87 mln tonnes. It left wheat trade unchanged at 86 mln.
+    The IWC 1986/87 estimate for world trade in wheat and
+coarse grain is thus estimated two mln tonnes higher at 173 mln
+against 169 mln the previous season with the forecast three mln
+rise in Soviet imports offset by small reductions elsewhere.
+    The IWC said the area harvested for wheat in 1987/88 is
+likely to be down from last year as low world prices and
+restrictive national policies measures begin to take effect.
+    At least four of the five major exporters expect to see a
+drop in wheat sowings without offset in other countries. There
+is still potential for even higher average wheat yields but the
+IWC said there are increasing signs world output may level off.
+    Although it is still early to assess the coarse grain
+outlook, the IWC said barley acreage is likely to fall in the
+European Community but increase in Canada. U.S. Maize area is
+expected lower but oat sowings could rise.
+    After damage to its maize crop last year, the Soviet Union
+plans to expand this area by as much as 50 pct to over six mln
+hectares in a year when many frost damaged wheat fields are
+likely to be resown to this and other spring crops. Improved
+weather and a further increase in the use of intensive
+cultivation methods could therefore see a marked rise in Soviet
+maize output in 1987, the IWC said.
+    Any reduction in world coarse grain output would be
+bolstered by the large carryover stocks from 1986/87, the IWC
+said.
+    It left its estimates of wheat and coarse grain stocks at
+end&#127;of different marketing years unchanged at 178 and 210 mln
+tonnes, respectively, against 160 and 167 mln a year earlier.
+    After record world durum wheat production of 218.8 mln
+tonnes last season, the IWC said there are already signs of
+another large crop this coming season with higher output
+expected in the EC, Canada, the U.S. And North Africa.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15304" NEWID="9783">
+<DATE>26-MAR-1987 07:22:45.10</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0559&#31;reute
+u f BC-BANK-OF-JAPAN-BUYS-SM   03-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN BUYS SMALL QUANTITY DOLLARS -DEALERS</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>The Bank of Japan was thought to have
+bought a small amount of dollars at around 149.30/40 yen,
+dealers said.
+    The dollar fluctuated marginally after the small-scale
+intervention, believed to total several tens of mlns of dlrs,
+they said. Large-scale buying by foreign banks or by a life
+insurance company earlier pushed the dollar upwards, they said.
+    Trading was not very active and dealers were watching for
+further central bank intervention to smooth out any sharp
+movements, but underlying dollar sentiment is still bearish.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15305" NEWID="9784">
+<DATE>26-MAR-1987 07:26:20.14</DATE>
+<TOPICS><D>trade</D><D>bop</D><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0575&#31;reute
+u f BC-U.K.-TRADE-FIGURES-BU   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. TRADE FIGURES BUOY HOPES OF INTEREST RATE CUT</TITLE>
+<AUTHOR>    By Rowena Whelan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>The release of U.K. February trade data
+showing that the current account surplus was a provisional 376
+mln stg, up from a 73 mln surplus in January, has boosted hopes
+of an early cut in interest rates, analysts said.
+    Market forecasts had been for a worse outcome, with
+expectations of a deficit in visible trade averaging about 750
+mln stg, against the official figure of 224 mln stg, sharply
+narrower than January's 527 mln deficit.
+    "The figures are unreservedly good," Chase Manhattan
+Securities economist Andrew Wroblewski said.
+    Sterling rebounded on the trade figures, reversing a weaker
+morning trend, to stand at 72.1 pct of its trade weighted index
+against a basket of currencies at midday, unchanged from
+yesterday's close but 0.3 points above the 1100 GMT level.
+    The market had feared that a deteriorating non-oil trade
+pattern would undermine international support for sterling,
+which has been the motor behind the recent fall in U.K.
+Interest rates. Money market sources said the market had begun
+to doubt that a widely expected drop in bank base lending rates
+to 9.5 pct from the present 10.0 pct was really on the cards.
+    But sentiment now looks to have turned about again.
+    There now looks to be no danger that the Chancellor of the
+Exchequer Nigel Lawson's forecast of a 1987 current account
+deficit of 2.5 billion stg will be exceeded, Wroblewski said.
+    Seasonally adjusted figures showed imports rose in February
+to 7.16 billion stg from 6.73 billion in January.
+    Exports rose to a record 6.93 billion from 6.20 billion.
+    However, Chris Tinker, U.K. Analyst at brokers Phillips and
+Drew said the faster rise in exports than imports would prove
+partly aberrational in coming months. He forecast the
+Chancellor's Budget tax cuts would increase consumer
+expenditure on imported goods.
+    However, Warburg Securities economist Ian Harwood said his
+firm was sharply revising its 1987 current account deficit
+forecast in the light of the latest data, cutting one billion
+stg off the expected full year total to about 1.75 billion stg.
+    He said news of strong growth in exports of non-oil goods
+confirmed recent bullish surveys among members of the
+Confederation of British Industry.
+    The growth in imports appears to be flattening, even if
+January's bad weather had curbed consumer spending on overseas
+goods and import-intensive stock building among manufacturers,
+Harwood said.
+    U.K. Government bonds, or gilts, surged by more than 1/2
+point on the better-than-expected news, as earlier worries
+about the figures evaporated.
+    Sterling peaked at a high of 1.6075 dlrs, before settling
+to a steady 1.6050 about 1300 GMT, nearly a cent higher than
+the European low of 1.5960.
+    However, analysts noted that the turnabout in market
+sentiment still looks highly vulnerable to political news.
+    Morning weakness in sterling and the gilt market was
+largely attributed to a newspaper opinion poll showing that the
+Conservative government's support was slipping.
+    LONDON, March 26 - The Bank of England said it provided 15
+mln stg in assistance to the money market this morning, buying
+bank bills in band two at 9-13/16 pct.
+    Earlier the Bank revised its money market liquidity
+forecast from a flat position to a deficit of around 350 mln
+stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15306" NEWID="9785">
+<DATE>26-MAR-1987 07:37:32.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0601&#31;reute
+u f BC-ECC-APPROVES-MONTEDIS   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECC APPROVES MONTEDISON/HERCULES VENTURE</TITLE>
+<DATELINE>    BRUSSELS, March 26 - </DATELINE><BODY>The European Community Commission said
+it had approved the creation of Himont, a company in which
+Montedison SpA &lt;MONI.MI> of Italy and Hercules Inc &lt;HPC.N) are
+major shareholders, after requesting changes in the two
+partners' plans for the venture.
+    Twenty pct of the capital of Himont, in which Montedison
+and Hercules originally planned to take 50 pct stakes, has been
+floated publicly and marketing and production agreements have
+been modified on the Commission's advice, it said.
+    Himont, which is incorporated in the U.S., Groups the two
+firms' assets in the polypropylene sector.
+    The modified agreements include the abandoning by Hercules
+and Montedison of all their direct activities within the EC in
+the downstream market of Himont.
+    The EC authority said the modifications meant that the
+creation of Himont did not appear to lead to restrictive
+coordination of activities between Hercules and Montedison, nor
+did their respective market shares give them a dominant
+position.
+    The Commission must approve such link-ups between
+competitors under EC competition rules.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15307" NEWID="9786">
+<DATE>26-MAR-1987 07:38:56.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0604&#31;reute
+u f BC-EC-SELLS-BUTTER-STOCK   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SELLS BUTTER STOCKS TO SOVIET UNION</TITLE>
+<DATELINE>    BRUSSELS, March 26 - </DATELINE><BODY>The European Community today sold
+181,500 tonnes of ageing butter to the Soviet Union at a
+special knockdown price, a spokesman for the EC Commission
+said.
+    He said the EC's Dairy Management Committee accepted bids
+from operators to export the butter, mainly from intervention
+stores in Belgium, West Germany and the Netherlands, at a price
+of 21.1 European currency units per 100 kilos.
+    The butter was bought into Community stores at 313.2 Ecus
+per 100 kilos. The sales are part of the EC's process of
+attempting to run down its butter surplus.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15308" NEWID="9787">
+<DATE>26-MAR-1987 07:39:33.26</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0609&#31;reute
+b f BC-GERMAN-NET-CURRENCY-R   03-26 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN NET CURRENCY RESERVES RISE</TITLE>
+<DATELINE>    FRANKFURT, March 26 - </DATELINE><BODY>West German net currency reserves
+rose by 300 mln marks in the third week of March to 82.0
+billion, following a fall of 5.4 billion marks in the previous
+week, the Bundesbank said.
+    Non-currency reserves were unchanged at about 2.5 billion
+marks, bringing net monetary reserves to 84.5 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15309" NEWID="9788">
+<DATE>26-MAR-1987 07:42:16.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>japan</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>worldbank</D><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0614&#31;reute
+u f BC-WORLD-BANK-CHIEF-CONC   03-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK CHIEF CONCERNED ABOUT BRAZIL ECONOMY</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>World Bank president Barber Conable said
+he was concerned about the state of Brazil's economy and urged
+the country to come up with a plan soon to put its economic
+house in order.
+    "I am very concerned about the Brazilian economy," he told
+reporters after a news conference in Tokyo.
+    He said Brazil had caught the attention of the world with
+its decision last month to stop paying interest on its loans
+from commercial banks but warned it not to sqaunder the time it
+gained by failing to come up with a new economic program.
+    Brazil's decision jolted the world's financial community as
+the country is 108 billion dlrs in debt, including some 68
+billion owed to commercial banks.
+    Brazilian Finance Ministry sources said in Brasilia
+yesterday that the country was preparing a new economic
+strategy designed to ensure domestic economic growth.
+    Despite mounting domestic and overseas pressure, Brazil has
+said repeatedly that it will not go to the International
+Monetary Fund (IMF) for help in drawing up a new plan for fear
+that will only throw its economy into recession.
+    Conable said the country may be able to get away with not
+going to the IMF for help, but will need an IMF-type economic
+program if it wants to regain the confidence of lenders.
+    Outsiders like the World Bank are reluctant to suggest
+possible solutions to Brazil's economic problems because of the
+delicate political situation there, he added.
+    While the World Bank has a role to play in helping Brazil,
+it can&#127;ot replace the IMF as an overseer of the economy,
+Conable said. He added that the Fund can be very flexible in
+its dealings with developing countries, adjusting its approach
+to the political realities.
+    Brazil still seems willing to talk to the Fund under the
+annual discussions that all IMF members undertake, Conable
+said, adding that this could partially solve the current
+stalemate.
+    During his news conference, Conable said the World Bank
+backed U.S. Treasury Secretary James Baker's Third World debt
+initiative, which calls for stepped up lending to heavily
+indebted Third World countries adopting economic policies.
+    "The World Bank believes the Baker initiative is the best
+approach," he said. "Debt forgiveness is difficult to design in
+any fair way and also will tend to discourage further
+investment and development."
+    He cited the recent multi-billion dollar debt package for
+Mexico, the Third World's most indebted country after Brazil.
+    "Will it work?" he asked. "We don't know...But we think it
+more likely to work than any of the alternatives suggested."
+    Conable, who is here to meet government and business
+leaders, expressed confidence that Japan will make increasing
+use of its huge trade surplus to help developing countries.
+    "We are quite confident Japan will make an increasing
+investment in development because of their willingness to
+support institutions like ours in increasing ways with each
+passing year," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15310" NEWID="9789">
+<DATE>26-MAR-1987 07:54:09.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0650&#31;reute
+u f BC-ITALIAN-TREASURY-ANNO   03-26 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN TREASURY ANNOUNCES CERTIFICATE OFFER</TITLE>
+<DATELINE>    ROME, March 26 - </DATELINE><BODY>The Italian Treasury said it would offer
+an undetermined amount of 10-year variable-coupon certificates
+(CCTs) at a rate unchanged on that of the preceding offer in
+late February.
+    The Treasury said that, unlike the previous offer, the
+amount had not been prefixed. It would be in line with market
+demand unless this was considered excessive.
+    The CCTs will be priced at 99.00 pct for an effective net
+annual yield on the first coupon, payable April 1, 1988, of
+9.85 pct.
+    Subsequent yields on the certificates will be calculated by
+adding 0.75 point to average rates on short-term Treasury
+bills.
+    Subscriptions to the issue open April 1 and are scheduled
+to close April 7.
+    The Treasury said it reserved the right to close the issue
+early.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15311" NEWID="9790">
+<DATE>26-MAR-1987 07:58:25.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0662&#31;reute
+u f BC-GUINNESS-PEAT-HAS-CAS   03-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUINNESS PEAT HAS CASH ADVANCE FACILITY</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Guinness Peat Group Plc &lt;GNSP.L> has
+arranged to receive a 125 mln dlr five year cash advance
+facility, said Barclays de Zoete Wedd Ltd and Guinness Mahon
+and Co Ltd as joint arrangers.
+    The two firms said the terms of the facility will be
+reviewed after the third year with a view to considering
+extension by a further two years.
+    The facility will include a tender panel to bid for
+multi-currency cash advances at a maximum rate of 0.1875 pct
+over the London Interbank Offered Rate.
+    The facility will incorporate an underwriting fee of 0.10
+pct in addition to a fee of 0.05 to 0.10 pct depending on the
+participation amount. In addition, Barclays and Guinness Mahon
+have been named joint dealers for a complementary 100 mln dlr
+euro-commercial paper program.
+    Funds will be used to refinance the cost of the recent
+Forstmann-Leff Associates acquisition as well as for general
+corporate purposes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15312" NEWID="9791">
+<DATE>26-MAR-1987 07:59:38.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0667&#31;reute
+b f BC-SUMITOMO-BANK-HAS-500   03-26 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITOMO BANK HAS 500 MLN STG CD PROGRAM</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Sumitomo Bank Ltd said it established a
+500 mln stg certificate of deposit (CD) issuance program,
+arranged by Morgan Grenfell and Co Ltd.
+    Dealers will be Morgan Grenfell, Lloyds Merchant Bank Ltd,
+Samuel Montagu and Co Ltd, Salomon Brothers International Ltd,
+Sumitomo Finance International and S.G. Warburg and Co Ltd.
+    Maturities will be between seven days and five years and
+paper will be issued in denominations of 250,000, 500,000 and
+one mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15313" NEWID="9792">
+<DATE>26-MAR-1987 08:01:44.54</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0670&#31;reute
+r f BC-CURRENCY-EXCHANGE-LOS   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURRENCY EXCHANGE LOSS PUSHES MALAYSIA'S DEBT UP</TITLE>
+<DATELINE>    KUALA LUMPUR, March 26 - </DATELINE><BODY>An exchange loss of 7.6 billion
+ringgit in 1986 pushed Malaysia's outstanding external debt up
+to 50.99 billion ringgit, from 1985's 42.3 billion, the Central
+Bank said in its annual report.
+    Bank Negara said although Malaysia's net borrowing dropped
+in 1986, its external debt rose due to the 30 pct appreciation
+of the basket of currencies against which the ringgit is
+pegged.
+    The basket comprises principally the U.S. Dollar, yen,
+mark, Swiss franc, French franc, sterling, guilder, Canadian
+and Singapore dollars, it added.
+    Bank Negara said growth in external debt, which declined
+progressively from a peak of 58 pct in 1982 to 13.6 pct in
+1985, rose by 20.2 pct in 1986.
+    Malaysia's debt serving ratio of 17.6 pct of its exports in
+1986 is within the prudency limit of 20 pct, Bank Negara
+Governor Jaafar Hussein told reporters.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15327" NEWID="9793">
+<DATE>26-MAR-1987 08:04:20.61</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>argentina</D><D>australia</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>iwc-wheat</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0675&#31;reute
+u f BC-IWC-SAYS-EFFECT-OF-LO   03-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IWC SAYS EFFECT OF LOWER SUPPORT PRICES LIMITED</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Efforts by governments to control wheat
+surpluses by cutting support prices have met with only partial
+success, the International Wheat Council (IWC) says in its
+latest monthly report.
+    Faster results could be achieved by a policy of reducing
+both price and areas, as employed in the United States, the IWC
+says in a survey of support prices in the five main wheat
+exporters - Argentina, Australia, Canada, the EC and the U.S.
+    In some countries, for example Australia and Argentina,
+which are highly dependent on wheat shipments for export
+income, there may be problems in reducing production.
+    A policy of cutting wheat production could lead to
+unemployment, with job prospects outside agriculture limited.
+Alternative crops may offer inferior returns which could then
+lead to lost export revenue and balance of payments problems.
+    The IWC outlines three courses of action open to
+governments in wheat exporting countries.
+    They could continue to support prices in the hope that when
+the world economy improves demand for wheat will rise and
+surpluses wil be reduced or eliminated.
+    Alternatively, support could be limited to wheat which
+could be easily sold, without needing to be stored for a long
+period.
+    This option may prove to be the most politically
+unattractive and would result in many producers abandoning
+wheat production, the report said.
+    The third option would be for governments to distinguish
+between the commercial and social aspects of agriculture,
+possibly varying support prices according to farm size or
+overall production.
+    The IWC review covers support prices in the major exporting
+countries since 1982. At some time during that period all the
+producers cut support prices in response to growing surpluses.
+    These changes did not always result in lower export
+subsidies as on several occasions currency fluctuations more
+than offset lower prices in the domestic currency.
+    For example between 1985/86 and 1986/87 the EC intervention
+price for bread wheat fell from 209.30 to 179.44 European
+currency units (Ecus). It dollar terms, the currency in which
+most export transactions are denominated, the intervention
+price however rose to 193 dlrs from 168. The high cost of
+supporting farm prices has put a strain on national exchequers
+and some governments are now searching for ways to cut
+expenditure, the report says.
+    The proportion of world wheat output produced by the five
+major exporters declined in the period covered by the survey
+from 40 pct in 1982 to 35 pct in 1987. This was partly due to
+increased production in China and India.
+    The period saw an upward trend in yields, although this was
+countered in the Argentina, the U.S. And Australia by lower
+acreages.
+    In Argentina a reduction in the sown area of about 20 per
+cent was put down to low prices causing producers to switch to
+other enterprises, particularly livestock while lower U.S.
+Acreages are attributed to official incentives.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15314" NEWID="9794">
+<DATE>26-MAR-1987 08:08:13.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0687&#31;reute
+u f BC-SANDOZ-HAS-50-MLN-DLR   03-26 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANDOZ HAS 50 MLN DLR EURO-CP PROGRAM</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Sandoz Corp, a U.S. Subsidiary of Sandoz
+AG, is establishing a 50 mln dlr euro-commercial paper (CP)
+program, Morgan Guaranty Ltd said as one of the dealers.
+    The other dealer is Swiss Bank Corp International Ltd and
+Morgan Guaranty Trust Co of New York is issuing and paying
+agent.
+    Paper will have maturities between seven and 183 days and
+will be issued in global and definitive form.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15315" NEWID="9795">
+<DATE>26-MAR-1987 08:11:00.22</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0703&#31;reute
+u f BC-U.S.-TREASURY'S-BAKER   03-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY'S BAKER OPPOSES TAX INCREASE</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+said that he opposes a Federal tax increase to help reduce the
+budget deficit and favors spending cuts instead.
+    "I don't think it's (a tax increase) is a very good idea
+and I'm quite confident that President Reagan doesn't think
+it's a very good idea," Baker said in an interview on Cable
+News Network's "Moneyline" television program.
+    He said U.S. taxpayers are taxed at a rate of 19 pct of GNP
+which is traditionally where it has been, but the Federal
+Government is spending at a rate of 24 pct of GNP. Baker said
+spending cuts are clearly the best way to cut budget deficits.
+    Baker said he opposed a stock transactions tax proposed by
+House Speaker Jim Wright, D-Tex, or other special taxes.
+    "The stock transfer tax would be a particularly unfortunate
+approach to take," the Treasury Secretary said. He said the
+United States has some of the most efficient capital markets in
+the world and new taxes would impair efficiency.
+    On the international front, Baker said banks must do more
+lending to developing countries. He was questioned about this
+after the Standard and Poor's Corp downgrading today of the
+debt of six major money center bank holding companies, largely
+because of their heavy developing nation loan exposure.
+    Baker said that developing countries must adopt free market
+economic policies such as in the United States. He said capital
+flows will be required to support the needed reforms in the
+economic systems of those countries.
+    The money must come either through equity or debt and Baker
+said that developing nations' "investment regimes do not
+support enough equity investment, so you've got to have some
+debt there."
+    Commenting on the U.S. trade deficit, Baker said "I think
+you're going to see a 15 to 20 billion dlr reduction this
+year."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15316" NEWID="9796">
+<DATE>26-MAR-1987 08:12:55.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0716&#31;reute
+r f BC-PHILIPPINE-DEBT-TALKS   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE DEBT TALKS PROCEED WITH NARROWER FOCUS</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>The latest round of talks between
+Philippine officials and the country's commercial bank
+creditors on the rescheduling of 9.4 billion dlrs worth of debt
+are still proceeding, but with a narrower focus, Philippine
+Finance Secretary Jaime Ongpin said.
+    He told a press briefing Wednesday that Manila has dropped
+a two-tier interest payment offer, which would have given banks
+a higher return if they took partial payment in new Philippine
+investment notes (PINs) instead of in cash.
+    "The PINs proposal has been laid aside.... The discussion is
+now on pricing (of just the cash payments)," he said.
+    Foreign banking sources in Manila said on Tuesday that the
+Philippines had raised its basic interest rate offer to 7/8
+over the London interbank offered rate (LIBOR) but Ongpin would
+not discuss details of the pricing negotiations.
+    He also refused to speculate on when an overall agreement
+might be reached. The talks have been going on for more than
+three weeks.
+    Manila originally offered to pay interest in cash at 5/8
+over LIBOR or in a mixture of cash and PINs -- tradeable,
+dollar-denominated, zero coupon notes that could potentially
+yield up to one point over LIBOR.
+    The PINs option was subsequently modified to guarantee at
+least a 7/8 point spread over LIBOR but many bankers still had
+grave reservations, seeing it as a possible precedent for other
+large debtors to avoid paying interest in cash.
+    The PINs proposal has now been left on the table as a
+separate option for those banks, which might want to fund their
+own investments in the Philippines or sell the notes in the
+secondary market, Ongpin said.
+    Under Manila's plan, the PINs would be redeemable at full
+face value in Philippine pesos to fund local equity investments
+at any time prior to their six-year maturity date.
+    While the commercial banks had their doubts about the PINs
+proposal, Ongpin said there was great interest on the part of
+certain investment banks which are already active in the
+secondary market for sovereign debt.
+    Unlike current debt/equity schemes, Ongpin said, the PINs
+would include no government fees and would be free from
+"administrative hassles."
+    He said about six investment banks had been approached and
+four had replied so far. One even showed interest in buying 45
+mln dlrs worth of notes, he said.
+    Ongpin said that by funding current interest payments in
+the secondary market through the PINs scheme, the Philippines
+could conserve at least one to 1.5 billion dlrs of foreign
+exchange reserves during its planned seven-year restructuring
+period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15317" NEWID="9797">
+<DATE>26-MAR-1987 08:13:34.90</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0721&#31;reute
+r f BC-TREASURY'S-BAKER-SAYS   03-26 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SAYS HE STANDS BY PARIS PACT</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Treasury Secretary James Baker said
+he stood by the Paris agreement among leading industrial
+nations to foster exchange rate stability around current
+levels.
+    "I would refer you to the Paris agreement which was a
+recognition the currencies were within ranges broadly
+consistent with economic fundamentals," Baker told The Cable
+News Network in an interview.
+    "We were quite satisfied with the agreement in Paris
+otherwise we would not have been a party too it," he said.
+    Baker also noted the nations agreed in the accord to
+"co-operate to foster greater exchange rate stability around
+those levels."
+    He refused to comment directly on the current yen/dollar
+rate but said flatly that foreign exchange markets recently
+tended "to draw unwarranted inferences from what I say."
+    Baker was quoted on British Television over the weekend as
+saying he has no target for the U.S. currency, a statement that
+triggered this week's renewed decline of the dollar.
+    "I think the Paris agreement represents evidence that
+international economic policy co-ordination is alive and well,"
+Baker said.
+    The Treasury Secretary stressed however it was very
+important for the main surplus countries to grow as fast as
+they could consistent with low inflation to resolve trade
+imbalances.
+    He added that Federal Reserve Board chairman Paul Volcker
+has also "been very outspoken" in suggesting main trading
+partners grow as fast as they can.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15318" NEWID="9798">
+<DATE>26-MAR-1987 08:15:33.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0733&#31;reute
+r f BC-TREASURY'S-BAKER-DECL   03-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER DECLINES COMMENT ON VOLCKER</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Treasury Secretary James Baker
+declined to comment on whether President Reagan would reappoint
+Paul Volcker to a third term as chairman of the Federal Reserve
+Board.
+    "I spent four years and two weeks in the White House job 
+refusing to comment on personnel matters," he said in an
+interview with the Cable News Network. "I'm not going to change
+now."
+    But Baker did say Volcker has "done a tremendous job" and
+added they get on "extremely well", both when he was White House
+chief of staff and during his term at Treasury.
+    When asked whether he differed with Volcker on
+international economic policy, Baker said "there's really no
+difference of opinion between us with respect to these matters."
+    In other comments, Baker said he did not think a tax rise
+was a good idea and nor did President Reagan. But he believed
+Congress would enact some spending cuts. "The minute you say
+raise taxes, all restraints on spending go by the board."
+    He once again pointed out that taxes were 19 pct of gnp but
+spending was at 24 pct, a statistic he used to argue strongly
+for spending cuts.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15319" NEWID="9799">
+<DATE>26-MAR-1987 08:16:30.36</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0737&#31;reute
+u f BC-GERMAN-ANALYSTS-SEE-G   03-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN ANALYSTS SEE GOLD RISING IN 2ND HALF 1987</TITLE>
+<DATELINE>    FRANKFURT, March 26 - </DATELINE><BODY>The price of gold bullion is likely
+to rise in the second half of the year on increased private
+investor demand, West German analysts said.
+    Gold could rise as high as 500 dlrs per ounce later this
+year, said Peter Witte, director of Westdeutsche Landesbank
+Girozentrale's trading division, after a presentation by the
+U.S. Mint to promote its gold and silver Eagle series coins.
+    "A lot will depend on oil prices and developments on stock
+exchanges," Witte said, adding he saw gold positioned for
+further rises once it breaks out above 450 dlrs.
+    Gold was fixed this morning in London at 411.30 dlrs.
+    Despite current strong interest in gold mine stocks, many
+investors still want to buy physical gold, Witte said.
+    Interest in gold mine stocks may also wane if stock
+exchange rallies under way in many countries start to waver.
+    Hermann Strohmeyer, vice president of Commerzbank AG's
+foreign exchange trading and treasury department, said gold is
+poised to rise to 460 to 470 dlrs an ounce in the second half
+of this year.
+    The price is unlikely to fall much below 380 or 390 dlrs an
+ounce, and probably will continue in a range between 380 and
+430 dlrs in the first half of this year, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15320" NEWID="9800">
+<DATE>26-MAR-1987 08:20:17.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0744&#31;reute
+u f BC-CAMBRIAN-AND-GENERAL   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMBRIAN AND GENERAL NOTES RELISTED IN LONDON</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>&lt;Cambrian and General Securities Plc>
+said the London Stock Exchange has restored the listing of its
+50 mln dlrs of secured floating rate notes dated 1992 at the
+company's request.
+    The notes are fully secured and therefore have a prior
+claim over Cambrian's assets in the event of other claims
+arising from litigation, it added.
+    Dealings in Cambrian's securities have been suspended since
+late 1986 following the disclosure of insider trading
+activities by former chairman Ivan Boesky. Cambrian officials
+were not immediately available for further comment on today's
+statement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15321" NEWID="9801">
+<DATE>26-MAR-1987 08:20:25.94</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0745&#31;reute
+u f BC-GULF-ESCORTS-STILL-UN   03-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF ESCORTS STILL UNDER DISCUSSION - WEINBERGER</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 26 - </DATELINE><BODY>No action has been taken yet
+on the Reagan Adminstration's offer to escort Kuwaiti oil
+tankers through the Gulf, but the issue is being discussed,
+U.S. Secretary of Defence Caspar Weinberger said.
+    The offer was made to Kuwait in light of Iran's deployment
+of Chinese-built missiles to cover the entrance to the Gulf.
+    Weinberger told reporters prior to a speech at Texas
+Christian University that he did not think Iran and the United
+States were moving towards a potential conflict, adding that
+the Straits of Hormuz at the mouth of the Gulf were still "free
+water."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15322" NEWID="9802">
+<DATE>26-MAR-1987 08:21:36.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0752&#31;reute
+u f BC-AUSTRIA-TREASURY-NOTE   03-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRIA TREASURY NOTE ISSUE LIKELY TO BE INCREASED</TITLE>
+<DATELINE>    VIENNA, March 26 - </DATELINE><BODY>A floating rate treasury note issue by
+the Republic of Austria is likely to be raised to 2.5 billion
+schillings from two billion due to heavy demand, lead manager
+Oesterreichische Laenderbank AG &lt;OLBV.VI> said.
+    Laenderbank managing board member Herbert Cordt told
+Reuters that demand had been strong throughout Europe. The
+issue, carrying interest of 1/8th of a point over the
+three-month Vienna Interbank Offered Rate, is the second of its
+kind. The first was made last October 23.
+    The issue, made at par, has an initial three-year life and
+the borrower has the right to make extensions up to 1997.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15323" NEWID="9803">
+<DATE>26-MAR-1987 08:22:39.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0753&#31;reute
+r f BC-NEW-CAPITAL-RULES-WOU   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW CAPITAL RULES WOULD FAVOR FIRST INTERSTATE</TITLE>
+<DATELINE>    LOS ANGELES, March 26 -  </DATELINE><BODY>First Interstate Bancorp &lt;I> would
+benefit from new banking capital adequacy rules proposed by the
+Federal Reserve Board, Chairman Joseph Pinola said.
+    "We are one of the few banks that would have an improved
+position," Pinola said in an interview, noting First Interstate
+has fewer off balance sheet liabilities than many other banks.
+    Under the proposed rules, a bank's minimum capital
+requirement would be determined by the assessed risk of their
+assets, including off balance sheet liabilities that are not
+currently taken into account.
+    Currently, banks must retain a primary capital ratio of 5.5
+pct.
+    First Interstate reported a primary capital ratio of 6.14
+pct at the end of 1986.
+    Pinola said First Interstate has since raised that ratio,
+however, to about 6.70 pct, through a recent preferred stock
+offering and a 200-mln-dlr subordinated capital note offering
+announced yesterday.
+    First Interstate reported a relatively average return on
+assets ratio of 0.68 at the end of 1986.
+    Pinola said First Interstate's return on assets ratio will
+improve to the 0.70-0.71 range at the end of the first quarter,
+because 1986 year-end assets, at 55.4 billion dlrs, were
+overestimated by about two billion dlrs.
+    He said he is anxious to improve the return on assets ratio
+further, but continued loan losses at First Interstate's Rocky
+Mountain state banks continue to hold down profits.
+    Pinola said its banks in other states are showing excellent
+return on asset ratios, with its Arizona and Washington banks
+running at about 1.30, its Oregon bank showing 1.00 and its
+California bank at about 0.83.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15324" NEWID="9804">
+<DATE>26-MAR-1987 08:23:12.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0757&#31;reute
+r f BC-FIRST-INTERSTATE-&lt;I>   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST INTERSTATE &lt;I> ESTIMATES LOSS ON BRAZIL</TITLE>
+<DATELINE>    LOS ANGELES, March 26 - </DATELINE><BODY>First Interstate Bancorp Chairman
+Joseph Pinola said the bank holding company would lose about 16
+mln dlrs per year, after taxes, if it had to put its medium and
+long-term debt on non-accrual status.
+    In an interview, he said that could result in about a 4.5
+pct decline in annual earnings per share.
+    Pinola said First Interstate, like other banks, has not yet
+decided to put the loans, which Brazil stopped paying interest
+on last month, on non-accrual status.
+    "None of us really wants to injure negotiations that might
+be going on," he said.
+    First Interstate reported to the Securities and Exchange
+Commission last week that it has about 339 mln dlrs in
+medium-to long-term loans to Brazil.
+    It said on December 31, 1986 its nonperformind Brazilian
+outstanding debt totaled about 4.1 mln dlrs.
+    First Interstate also has about 168 mln dlrs in short-term
+loans or trade lines to Brazil.
+    Pinola said he believes the solution to the Brazilian debt
+crisis will be more political than economic, which he said he
+finds, "very disquieting and discomforting."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15325" NEWID="9805">
+<DATE>26-MAR-1987 08:24:01.82</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0759&#31;reute
+f f BC-FRENCH-UNEMPLOYMENT-R   03-26 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH UNEMPLOYMENT RISES TO SEASONALLY ADJUSTED 2.65 MLN IN FEBRUARY - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15326" NEWID="9806">
+<DATE>26-MAR-1987 08:24:45.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0761&#31;reute
+b f BC-CONRAIL-INITIAL-OFFER   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONRAIL INITIAL OFFER PRICED AT 28 DLRS SHARE</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Lead underwriter &lt;Goldman, Sachs and
+Co> said an initial public offering of 58,750,000 shares of
+&lt;Consolidated Rail Corp> common stock has been priced at 28.00
+dlrs per share.
+    The sale is the largest initial public offering ever.  All
+of the shares are being sold by the U.S. government.  They
+represent an 85 pct interest in Conrail, the large northeastern
+freight-carrying railroad.  Employees of Conrail retain the
+other 15 pct.
+    The shares will be traded on the New York Stock Exchange
+under the ticker symbol &lt;CRR> starting this morning.
+    Initially, underwriters had said in proxy materials that
+the shares were expected to be priced at 22 to 26 dlrs per
+share.  But last week they raised the expected range to 26 to
+29 dlrs per share.
+    Conrail was formed during the 1970's from Penn Central
+Railroad and other financially-distressed northeastern rail
+carriers.
+    The offering will raise about 1.65 billion dlrs before
+underwriting fees.  Previously, the largest initial public
+offering in dollar terms had been Henley Group Inc's &lt;HENG> 1.3
+billion dlr spinoff from Allied Corp &lt;ALD> last year.
+    Other lead underwriters are First Boston Inc &lt;FBC>, Merrill
+Lynch and Co Inc &lt;MER>, Salomon Inc &lt;SB> and American Express
+Co's &lt;AXP> Shearson Lehman Brothers Inc.
+    Fifty-two mln shares are being sold in the U.S. through a
+syndicate of 148 underwriters and 6,750,000 overseas through a
+27-member syndicate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15328" NEWID="9807">
+<DATE>26-MAR-1987 08:25:21.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0764&#31;reute
+r f BC-MICKELBERRY-CORP-&lt;MBC   03-26 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICKELBERRY CORP &lt;MBC> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 26 -
+    </DATELINE><BODY>Shr profit 61 cts vs loss 45 cts
+    Net profit 3,568,000 vs loss 2,598,000
+    Revs 34.6 mln vs 31.6 mln
+    Avg shrs 5,861,000 vs 5,776,000
+    Year
+    Shr profit 56 cts vs loss 32 cts
+    Net profit 3,374,000 vs loss 1,759,000
+    Revs 132.0 mln vs 131.6 mln
+    NOTE: 1985 quarter net includes 665,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15329" NEWID="9808">
+<DATE>26-MAR-1987 08:25:30.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0765&#31;reute
+r f BC-HOLIDAY-&lt;HIA>-SEES-RU   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLIDAY &lt;HIA> SEES RULING NEXT WEEK ON PLAN</TITLE>
+<DATELINE>    MEMPHIS, Tenn., March 26 - </DATELINE><BODY>Holiday Corp said the New Jersey
+Casino Control Commission will rule April One on the company's
+request for approval to proceed with its plan of
+recapitalization.
+    The Commission ruling is the final regulatory approval
+needed.  The company said talks are proceeding smoothly with
+its banks, and it plans to finalize the financing for the
+recapitalization shortly.  It said assuming Commission
+approval, it plans to pay the 65 dlr per share dividend
+associated with the plan in April, with the exact timing
+depending on the closing of the financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15330" NEWID="9809">
+<DATE>26-MAR-1987 08:29:39.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0768&#31;reute
+d f BC-MICKELBERRY-&lt;MBC>-COM   03-26 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICKELBERRY &lt;MBC> COMPLETES SALE OF UNIT</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Mickelberry Corp said it has completed
+the previously-announced sale of the 51 pct of its C and W
+Group subsidiary that it had retained to N W Ayer Inc for
+undisclosed terms.
+    Ayer bought the other 49 pct next year.
+    Mickelberry said it will report a gain on the transaction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15331" NEWID="9810">
+<DATE>26-MAR-1987 08:29:54.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0770&#31;reute
+r f BC-FLUOROCARBON-CO-&lt;FCBN   03-26 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLUOROCARBON CO &lt;FCBN> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    LAGUNA NIGUEL, Calif., March 26 -
+    </DATELINE><BODY>Shr 26 cts vs 24 cts
+    Net 1,144,000 vs 1,063,000
+    Sales 23.2 mln vs 24.8 mln
+    Year
+    Shr 93 cts vs 1.40 dlrs
+    Net 4,046,000 vs 6,111,000
+    Sales 97.8 mln vs 104.0 mln
+    NOTE: Prior year net includes gain 286,000 dlrs from
+discontinued operations in year and loss 375,000 in quarter and
+gain 260,000 dlrs in year from disposal of discontinued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15332" NEWID="9811">
+<DATE>26-MAR-1987 08:31:31.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0776&#31;reute
+u f BC-ROSTENKOWSKI-SAYS-REA   03-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSTENKOWSKI SAYS REAGAN MUST RECONSIDER TAX RISE</TITLE>
+<DATELINE>     WASHINGTON, March 26 - </DATELINE><BODY>Chairman Dan Rostenkowski of the
+tax-writing House Ways and Means Committee said today President
+Reagan must reconsider his consistent opposition to any tax
+increases.
+    The Illinois Democrat, asked on a television interview (on
+NBC-Today) about the possibility of tax hikes, said, "I think
+the president is going to have to reconsider."
+    He added, "I just hope there's enough vision in this
+administration to recognize that our deficits are intolerable
+and the only way we're going to do it is by raising revenues."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15333" NEWID="9812">
+<DATE>26-MAR-1987 08:31:38.38</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0777&#31;reute
+b f BC-FRENCH-FEBRUARY-UNEMP   03-26 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FEBRUARY UNEMPLOYMENT HITS RECORD 2.65 MLN</TITLE>
+<DATELINE>    PARIS, March 26 - </DATELINE><BODY>French unemployment rose to a record
+seasonally adjusted 2.65 mln in February from 2.61 mln in
+January and 2.57 mln at the end of last year, the Labour
+Ministry said.
+    The rise took the percentage of the workforce out of a job
+to 11.0 pct last month from 10.9 pct in January and 10.7 pct at
+the end of 1986.
+    In unadjusted terms unemployment fell by around 30,000 last
+month to 2.70 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15334" NEWID="9813">
+<DATE>26-MAR-1987 08:33:52.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0791&#31;reute
+r f BC-BAKER-OPPOSES-STOCK-T   03-26 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER OPPOSES STOCK TRANSACTION TAX</TITLE>
+<DATELINE>     WASHINGTON, March 26 - </DATELINE><BODY>Treasury Secretary James Baker said
+he opposed a stock transactions tax proposed by House Speaker
+Jim Wright, D-Tex, or other special taxes.
+    "The stock transfer tax would be a particularly unfortunate
+approach to take," Baker said in an interview with Cable News
+Network.
+    The United States has some of the most efficient capital
+markets in the world and new taxes would impair efficiency, he
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15335" NEWID="9814">
+<DATE>26-MAR-1987 08:33:58.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0792&#31;reute
+u f BC-PHILIPS-ELECTRICAL-SE   03-26 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPS ELECTRICAL SELLS STAKE IN UNIDARE</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>&lt;Philips Electrical (Ireland) Ltd> has
+arranged the sale of the one mln ordinary shares it holds in
+its subsidiary &lt;Unidare Aluminium Ltd>, Unidare said.
+    The placing has been arranged through &lt;Allied Irish
+Investment Bank Plc> at an ex-dividend price of 371 Irish pence
+per share.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15336" NEWID="9815">
+<DATE>26-MAR-1987 08:34:26.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0796&#31;reute
+f f BC-******AMERICAN-MEDICA   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN MEDICAL INTERNATIONAL INC 2ND QTR SHR PROFIT 32 CTS VS LOSS 95 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15337" NEWID="9816">
+<DATE>26-MAR-1987 08:34:46.06</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0798&#31;reute
+u f BC-BAKER-SEES-15-TO-20-B   03-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SEES 15 TO 20 BILLION DLR DROP IN TRADE GAP</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Treasury Secretary James Baker said
+he expected the U.S. Trade deficit to fall by 15 billion to 20
+billion dlrs in 1987.
+    Commenting on the deficit during an interview on Cable News
+Network, Baker said "I think you're going to see a 15 to 20
+billion dlr reduction this year." The deficit was 170 billion
+dlrs in 1986.
+    Baker noted that the benefits of a weaker currency take 12
+to 18 months to affect the trade balance, and said it is now 18
+months since the Plaza agreement to lower the dollar's value.
+            
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15338" NEWID="9817">
+<DATE>26-MAR-1987 08:35:44.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0803&#31;reute
+r f BC-NEW-GENERATION-FOODS   03-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW GENERATION FOODS &lt;NGEN> SELLS SHARES</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>New Generation Foods Inc said 17
+warrant holders have exercised 1,032,384 warrants, acquiring
+2,064,768 New Generation shares for 1,032,384 dlrs.
+    The company said president Jerome S. Flum and Flum
+Partners, which he controls, acquired 307,138 and 940,680
+shares respectively through the exercise of the warrants.  It
+said it also issued another 44,268 common shares on the
+exercise of 132,812 warrants in a separate non-cash exchange.
+    New Generation now has about 161,000 warrants still
+outstanding.
+    New Generation also said it has retained Howard Saltzman,
+Flum Partners limited partner, to serve as a consultant for one
+year.
+    It said Saltzer will work closely with Flum and play a
+major role in the day-to-day management of New Generation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15339" NEWID="9818">
+<DATE>26-MAR-1987 08:39:05.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0810&#31;reute
+b f BC-/AMERICAN-MEDICAL-INT   03-26 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MEDICAL INTERNATIONAL INC &lt;AMI> NET</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 26 - </DATELINE><BODY>2nd qtr
+    Shr profit 32 cts vs loss 95 cts
+    Net profit 28.0 mln vs loss 82.2 mln
+    Revs 950.2 mln vs 862.0 mln
+    1st half
+    Shr profit 65 cts vs loss 62 cts
+    Net profit 56.6 mln vs loss 53.5 mln
+    Revs 1.88 billion vs 1.67 billion
+    Avg shrs 92.2 mln vs 86.7 mln
+    NOTE: Period ended February 28.
+    Prior year net both periods includes pretax asset
+writedowns of 114.6 mln dlrs and additions to reserves of 60.0
+mln dlrs.
+    Prior year net includes tax credits of 53.7 mln dlrs in
+quarter and 32.9 mln dlrs in half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15340" NEWID="9819">
+<DATE>26-MAR-1987 08:39:36.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0811&#31;reute
+d f BC-SIEMENS-U.S.-TURNOVER   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIEMENS U.S. TURNOVER TO RISE IN CURRENT YEAR</TITLE>
+<DATELINE>    MUNICH, March 26 - </DATELINE><BODY>Siemens AG &lt;SIEG.F> turnover in the
+United States will rise to about 2.6 billion dlrs in the
+current year to end September from 2.2 billion in 1985/86,
+management board chairman Karlheinz Kaske said.
+    He told the annual meeting 80 pct of last year's sales came
+from products made in the U.S.. He added Siemens was as
+interested as U.S. Authorities in reducing the massive trade
+deficit and calming down trade relations.
+    "But we would show no understanding if this (trade deficit
+reduction) was attempted through means incompatible with the
+principle of free world trade," Kaske said.
+    Siemens has been the subject of pressure by U.S.
+Telecommunications authorities to limit its access to the U.S.
+Market for digital telephone switching equipment.
+    The Federal Communications Commission announced in December
+it was starting an enquiry into the blocking of free access to
+the telecommunications market by foreign firms, with officers
+saying reciprocal access was not available to U.S. Firms
+abroad.
+    For years Siemens was the only supplier of public switching
+stations to the Bundespost, the German federal post office.
+Regulatory authorities in 1982 opened Bundespost contracts to
+tenders from other domestic and foreign suppliers.
+    But foreign authorities have complained that too many
+restrictions to overseas suppliers still remain.
+    Kaske said neither Siemens nor the Bundespost could be held
+responsible for the U.S. Trade deficit and noted the U.S. Was
+still achieving substantial surpluses in trade with West
+Germany in the electrical and telecommunications sector.
+    The Bundespost is far more open to supplies from abroad
+than telephone companies in the U.S. Japan or France, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15341" NEWID="9820">
+<DATE>26-MAR-1987 08:43:35.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0817&#31;reute
+u f BC-F.W.-DODGE-REPORTS-FE   03-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>F.W. DODGE REPORTS FEBRUARY CONSTRUCTION DROPS</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>F.W. Dodge, a division of Mcgraw-Hill
+Inc &lt;MPH>, said that contracting for new construction fell four
+pct in February to an annualized rate of 227.6 billion dlrs.
+    Construction fell three pct in January, Dodge said.
+    Dodge reported that nonresidential building declined four
+pct to an annualized rate of 74.5 billion dlrs, residential
+building rose five pct to an annualized rate of 121.6 billion
+dlrs and nonbuilding construction declined 27 pct to an
+annualized rate of 31.5 billion dlrs.
+     For the year to date, Dodge reported 1987's unadjusted
+total of contracting for new construction fell four pct to 30.4
+billion dlrs.
+    Nonresidential building declined seven pct to an unadjusted
+10.5 billion dlrs, residential building rose two pct to an
+unadjusted 14.9 billion dlrs and nonbuilding construction
+declined 11 pct to an unadjusted 5.0 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15342" NEWID="9821">
+<DATE>26-MAR-1987 08:45:23.41</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0820&#31;reute
+u f BC-U.K.-VISIBLE-TRADE-DE   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. VISIBLE TRADE DEFICIT NARROWS IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Britain's visible trade deficit narrowed
+to a seasonally adjusted provisional 224 mln stg in February
+from 527 mln in January, The Trade and Industry Department
+said.
+    The current account balance of payments in February showed
+a seasonally adjusted provisional surplus of 376 mln stg
+compared with a surplus of 73 mln in January.
+    Invisibles in February were put provisionally at a 600 mln
+surplus, the same as in January.
+    Seasonally adjusted, imports rose in February to 7.16
+billion stg from 6.73 billion in January. Exports rose to a
+record 6.93 billion last month from 6.20 billion in January.
+    Trade Department officials said the improvement in
+Britain's current account contrasted with most private
+forecasts and they attributed much of the strength to imports
+rising less quickly in February than might otherwise have been
+expected.
+    The Department said exceptionally cold weather in January
+reduced exports that month and that there had been an element
+of catching up in the February figures.
+    The seasonally adjusted volume index, base 1980, a guide to
+underlying non-oil trade, showed exports rising to 131.0 from
+114.6 in January and imports rising to 142.2 from 136.5.
+    The value of British oil exports in February rose to 751
+mln stg from 723 mln in Jnauary while oil imports rose to 425
+mln from 352 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15343" NEWID="9822">
+<DATE>26-MAR-1987 08:46:18.02</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0824&#31;reute
+u f BC-FRENCH-RESERVES-FALL   03-26 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH RESERVES FALL ON DEBT REPAYMENT</TITLE>
+<DATELINE>    PARIS, March 26 - </DATELINE><BODY>French reserves fell in the week ended
+March 19 following repayment of the bulk of the debt contracted
+during January with the European Monetary Cooperation Fund, the
+Bank of France said in its weekly statement.
+    The repayment of capital and interest on this loan, taken
+out during the strong pressure on the franc which preceded the
+European Monetary System (EMS) realignment and the subsequent
+Group of Five meeting in Paris, took place on March 13.
+    It comprised the repayment of 11.25 billion francs' worth
+of European Currency Units (ECUs), 9.72 billion francs' worth
+of foreign currency and 1.72 billion francs' worth of special
+drawing rights (SDRs), the Bank said.
+    As a result foreign currency reserves fell to 114.69
+billion francs on March 19 from 120.82 billion on March 12,
+while ECU reserves fell to 62.02 billion francs from 73.23
+billion.
+    Gold reserves remained stable at 218.32 billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15344" NEWID="9823">
+<DATE>26-MAR-1987 08:47:00.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0826&#31;reute
+f f BC-******FOOTE-MINERAL-C   03-26 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FOOTE MINERAL CO IN LETTER OF INTENT TO MERGE INTO RIO TINTO-ZINC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15345" NEWID="9824">
+<DATE>26-MAR-1987 08:47:56.71</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0831&#31;reute
+f f BC-******   03-26 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German March cost of living 0.2 pct below year ago (Feb 0.5 pct below) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15346" NEWID="9825">
+<DATE>26-MAR-1987 08:49:23.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0837&#31;reute
+r f BC-trizec   03-26 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TRIZEC CORP LTD> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 25 -
+    </DATELINE><BODY>Shr 12 cts vs 10 cts
+    Net 19.6 mln vs 17.6 mln
+    Revs 276 mln vs 170.4 mln
+    Avg shrs 85.3 mln vs 84.8 mln
+    NOTE: Company owns 65 pct of &lt;Bramalea Ltd>.
+                           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15347" NEWID="9826">
+<DATE>26-MAR-1987 08:50:15.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0839&#31;reute
+r f BC-BRANIFF-&lt;BAIR>-MAY-GE   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRANIFF &lt;BAIR> MAY GET MEXICAN SERVICE AUTHORITY</TITLE>
+<DATELINE>    DALLAS, March 26 - </DATELINE><BODY>Braniff Inc said a U.S. Department of
+Transportation administrative law judge has recommended that a
+certificate be granted authorizing Braniff to operate air
+service for five years on a temporary and experimental basis
+between Dallas/Fort Worth and San Antonio, Texas, and Mexico
+City and Acapulco, Mexico.
+    The company said the recommendation must still be approved
+by Transportation Secretary Elizabeth Dole and President
+Reagan. Braniff has been operating the routes under exemption
+authority granted by the Transportation Department in October.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15348" NEWID="9827">
+<DATE>26-MAR-1987 08:50:27.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0841&#31;reute
+s f BC-BOSTON-EDISON-CO-&lt;BSE   03-26 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOSTON EDISON CO &lt;BSE> REGULAR DIVIDEND</TITLE>
+<DATELINE>    BOSTON, March 26 -
+    </DATELINE><BODY>Qtly div 44.5 cts vs 44.5 cts in prior qtr
+    Payable May one
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15349" NEWID="9828">
+<DATE>26-MAR-1987 08:50:47.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0843&#31;reute
+u f BC-NIPPON-SIGNAL-ISSUES   03-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON SIGNAL ISSUES 50 MLN SWISS FRANC NOTES</TITLE>
+<DATELINE>    ZURICH, March 26 - </DATELINE><BODY>Nippon Signal Co Ltd is issuing 50 mln
+Swiss franc of five year notes with warrants, paying an
+indicated 1-3/8 pct, lead manager Morgan Stanley said.
+    Terms will be fixed on April 2 with payment due April 22.
+The notes are guaranteed by Fuji Bank Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15350" NEWID="9829">
+<DATE>26-MAR-1987 08:52:41.22</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0847&#31;reute
+b f BC-GERMAN-COST-OF-LIVING   03-26 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN COST OF LIVING FALLS IN MARCH ON YEAR-AGO</TITLE>
+<DATELINE>    WIESBADEN, March 26 - </DATELINE><BODY>The cost of living in West Germany
+was provisionally unchanged in March compared with February but
+fell 0.2 pct against March 1986, the Federal Statistics Office
+said.
+    In February the cost of living rose 0.1 pct from January
+but fell 0.5 pct compared with February 1986.
+    The office said final figures for March will be released in
+about 10 days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15351" NEWID="9830">
+<DATE>26-MAR-1987 08:54:52.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0854&#31;reute
+f f BC-BRITISH-BANKS-RESIST   03-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BRITISH BANKS RESIST SIGNING MEXICO PACKAGE, SEEK MORE EQUITABLE CONTRIBUTIONS - LLOYDS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15352" NEWID="9831">
+<DATE>26-MAR-1987 08:56:01.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0857&#31;reute
+r f BC-TURKEY-COULD-APPLY-FO   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY COULD APPLY FOR EC MEMBERSHIP BY EARLY MAY</TITLE>
+<DATELINE>    BRUSSELS, March 26 - </DATELINE><BODY>Turkey's European Affairs Minister Ali
+Bozer will arrive here on Saturday to set a date for his
+country's long-planned application to join the European
+Community (EC), expected by early May, diplomats said.
+    The Turkish embassy here said an application was expected
+"very soon" but gave no date. But sources close to the embassy
+said the application for full EC membership would probably be
+made in April, or at the latest, by the first week of May.
+    Bozer, is due to meet Turkish Prime Minister Turgut Ozal in
+London today to decide on the date of the application, they
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15353" NEWID="9832">
+<DATE>26-MAR-1987 08:59:48.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0863&#31;reute
+f f BC-BRITISH-BANKS-RESIST   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BRITISH BANKS SEEK MORE EQUITABLE CONTRIBUTIONS ON MEXICO PACKAGE - LLOYDS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15354" NEWID="9833">
+<DATE>26-MAR-1987 09:00:51.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0866&#31;reute
+u f BC-FOOTE-MINERAL-&lt;FTE>-T   03-26 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOTE MINERAL &lt;FTE> TO MERGE INTO RIO TINTO</TITLE>
+<DATELINE>    EXTON, Pa., March 26 - </DATELINE><BODY>Foote Mineral Co said it has signed
+a letter of intent to merge into &lt;Rio Tinto-Zinc Corp PLC> for
+cash.
+    The company said at the time of the acquisition, its assets
+will include only lithium and ferrosilicon operations. Foote,
+which is 83 pct owned by Newmont Mining Corp &lt;NEM>, has signed
+a letter of intent to sell its Cambridge operations and said it
+is in talks on the sale of its manganese operations with
+several companies.  Foote said Newmont has informally indicated
+it would vote in favor of the Rio Tinto proposal.
+    Foote said terms of the agreement, including price for the
+proposed cash transaction, have not been released because they
+are subject to a continuing due diligence investigation.
+    The company said a definitive merger agreement is expected
+to be negotiated within six weeks and shareholders are expected
+to vote on the deal at a meeting expected to be held in June or
+July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15355" NEWID="9834">
+<DATE>26-MAR-1987 09:01:50.60</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0869&#31;reute
+u f BC-U.S.-FIRST-TIME-JOBLE   03-26 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FIRST TIME JOBLESS CLAIMS ROSE IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>New applications for unemployment
+insurance benefits rose to a seasonally adjusted 341,000 in the
+week ended March 14 from 340,000 in the prior week, the Labor
+Department said.
+    The number of people actually receiving benefits under
+regular state programs totaled 2,454,000 in the week ended
+March 7, the latest period for which that figure was available.
+    That was up from 2,507,000 the previous week.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15356" NEWID="9835">
+<DATE>26-MAR-1987 09:05:59.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>mexico</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0875&#31;reute
+b f BC-BRITISH-BANKS-RESIST   03-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH BANKS RESIST SIGNING MEXICO PACKAGE</TITLE>
+<AUTHOR>    By Marguerite Nugent, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>British banks are resisting signing a 76
+billion dlr rescheduling package for Mexico in a last ditch
+effort to get all participants to contribute equally to a new
+7.7 billion dlr loan contained in the package.
+    Christopher Brougham, regional manager, rescheduling unit,
+at Lloyds Bank Plc, said in response to a Reuter enquiry, that
+the six major U.K. Clearing banks last week sent a telex to
+Citibank saying they would contribute what was requested
+provided all other major lenders did the same and that the U.S.
+Banks contribute at least 90 pct of the amount required by
+them.
+    Other bankers, who declined to be identified, said other
+groups of banks particularly those in Switzerland, France and
+Canada, were equally reluctant to sign, although they had not
+sent any telex to Citibank, which chairs Mexico's 13-bank
+advisory group.
+    However, they said it was likely that if and when the
+British banks sign the accord, the others are likely to follow.
+    Under the agreement, for which the signing began on Friday,
+commercial banks are being asked to contribute 12.9 pct of
+their exposure to Mexico as of August 1982. That was the date
+of the first Mexican debt crisis.
+    After months of haggling, a proposed rescheduling agreement
+for Mexico was struck last September during the annual meeting
+of the World Bank and International Monetary Fund in
+Washington.
+    Ever since then the advisory group, of which Lloyds is a
+member, has been attempting to round up the needed signatories.
+    However, there has been considerable resistance to the
+package, partly because of some of the clauses it contains and
+partly because many small U.S. Regional banks do not want to
+increase their exposure to any Latin American countries.
+    Brougham said, "We (British banks) have always played along
+for Mexico and will do so as long as others share equally."
+    The decision to send the telexes was agreed on by the six
+clearers jointly, but each sent its own telex.
+    In addition to Lloyds, telexes were sent by National
+Westminster Bank Plc, Barclays Bank Plc, Midland Bank Plc,
+&#127;tandard Chartered Bank Plc and Royal Bank of Scotland Plc.
+    Brougham noted that so far the U.S. Banks have only reached
+83-1/2 pct of the total that is expected from them, while the
+level of contributions from the U.K. Banks is well in excess of
+90 pct. "The U.S. Figure should be closer to ours," he said.
+    Many bankers have been angered by the resistance of the
+regional U.S. Banks, noting that even if they don't contribute
+to the new loan they still will be receiving interest on the
+existing loans.
+    The banks still have three weeks to sign the agreement and
+bankers are hoping all will go according to plan.
+    In the meantime, bankers expect further pressure will be
+exercised on the regional banks and the major U.S. Banks to
+find a solution to the problem. Many have suggested that the
+larger U.S. Banks should take on the additional obligations,
+but so far they have resisted this.
+    Bankers expect that much of the pressure on the U.S. Banks
+will come from U.S. Regulators, notably the Federal Reserve.
+    Bankers prefer to view the stance taken by the British
+banks and other national groups as "a matter of principal, and
+burden sharing" rather than as a "pressure tactic" to force the
+U.S. Banks to make up their share.
+    The bankers are not the only ones to be upset by the
+protracted negotiations surrounding the agreement.
+    The Mexicans themselves have been angered by the delays. At
+the signing in New York last Friday, Finance Minister Gustavo
+Petricioli sounded a warning to the recalcitrant banks.
+    "Those who supported us today can be sure that Mexico will
+continue to be open and willing to share with them the business
+opportunities which its future growth will create," Petricioli
+said.
+    Conversion of bank debt into equity investments in Mexico
+is one option banks can take advantage of to reduce their
+exposure. But Mexico halted its debt for equity program in
+February in an effort to concentrate on finalising the package.
+    On Friday, Petricioli said "We will be a lot more
+expeditious in processing the requests of banks that have
+supported us."
+    The pressure on the U.S. Banks comes at a time when other
+major Latin American debtors are in the process of crucial debt
+negotiations.
+    Brazil, the third world's largest debtor, has suspended all
+interest payments on its 109 billion dlrs of foreign debt. Many
+of the major U.S. Banks, including Citibank, have already said
+they might have to put their Brazil loans on a cash basis and
+take the financial losses, which could total billions of
+dollars.
+    This would be required by U.S. Banking regulations if the
+interest payments are more than 90 days overdue.
+    However, the U.S. Banks are not the only ones threatened by
+regulations. In the U.K., A proposed Inland Revenue ruling
+would affect the tax treatment of certain types of loans, many
+of which are made to Latin American countries.
+    Basically, the ruling wants to limit the tax credit a bank
+can claim for tax withheld by foreign governments on loan
+interest payments.
+    The British banks are planning to fight the proposals as
+their implementation could prove extremely costly, not just in
+terms of compliance but in limiting future business.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15357" NEWID="9836">
+<DATE>26-MAR-1987 09:06:45.47</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0880&#31;reute
+d f BC-HONG-KONG-FEBRUARY-TR   03-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG FEBRUARY TRADE SWINGS INTO DEFICIT</TITLE>
+<DATELINE>    HONG KONG, March 26 - </DATELINE><BODY>Hong Kong recorded a 3.51 billion
+H.K. Dlr deficit in February after a 2.54 billion dlr surplus
+in January as imports climbed and exports slid, the Census and
+Statistics Department said.
+    The deficit compared with a deficit of 1.76 billion dlrs in
+February 1986.
+    Imports rose to 24.12 billion dlrs, up 2.6 pct from
+January's 23.52 billion dlrs and 42 pct above the 16.98 billion
+dlrs recorded in February 1986.
+    Total exports for the month fell 20.9 pct to 20.61 billion
+dlrs from 26.06 billion in January.
+    February exports were still 35.4 pct above the 15.22
+billion dlrs recorded in the same month last year.
+    Re-exports, the territory's traditional entrepot trade,
+outpaced domestically produced exports for the first time since
+March 1985.
+    Re-exports fell 11.6 pct to 10.62 billion dlrs from 12.0
+billion dlrs in January but were 54 pct above February 1986's
+6.88 billion dlrs. Domestic exports slid 28.9 pct to 9.99
+billion dlrs from January's 14.05 billion dlrs but were up 19.7
+pct over the 8.35 billion dlrs recorded in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15358" NEWID="9837">
+<DATE>26-MAR-1987 09:07:51.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0888&#31;reute
+b f BC-******BEST-PRODUCTS-C   03-26 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BEST PRODUCTS CO INC 4TH QTR SHR 1.44 DLRS VS 83 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15359" NEWID="9838">
+<DATE>26-MAR-1987 09:13:00.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0905&#31;reute
+u f BC-GENERALE-HEAD-CALLS-F   03-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERALE HEAD CALLS FOR BELGIAN BANK FLEXIBILITY</TITLE>
+<DATELINE>    BRUSSELS, March 26 - </DATELINE><BODY>Belgian banks will need greater
+flexibility to choose their sphere of operations by 1992, when
+the European Community is due to introduce free competition in
+banking throughout the bloc, Generale de Banque SA &lt;GENB.BR>
+president Eric de Villegas de Clercamp told a news conference.
+    He said at present Belgian and Italian banks were the most
+restricted in the EC.
+    While German banks were free to hold stakes in commercial
+companies in which they invested capital, Belgian banks could
+do so only in severely limited circumstances for short periods.
+    "The authorities concerned should introduce within a
+reasonable period major modifications toward greater freedom
+and flexibility if we want to retain competitiveness with the
+neighbouring countries," de Villegas said.
+    He said the EC authorities envisaged that after 1992
+financial institutions would be able to start operations
+throughout the EC.
+    Since the control of each institution would remain in the
+hands of the authorities in its country of origin, rules
+applied in member states could distort competition unless they
+were harmonised.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15360" NEWID="9839">
+<DATE>26-MAR-1987 09:13:08.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0906&#31;reute
+b f BC-BEST-PRODUCTS-CO-&lt;BES   03-26 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEST PRODUCTS CO &lt;BES> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    RICHMOND, Va., March 26 -
+    </DATELINE><BODY>Shr profit 1.44 dlrs vs profit 83 cts
+    Net profit 39.0 mln vs profit 22.5 mln
+    Sales 816.1 mln vs 865.3 mln
+    Year
+    Shr loss 95 cts vs profit eight cts
+    Net loss 25.6 mln vs profit 2,223,000
+    Sales 2,142,118 vs 2,234,768
+    NOTE: Current year net both periods includes prtax
+provisions for restructuring operations of 4,868,000 dlrs in
+quarter and 38.1 mln dlrs in year.
+    Latest year net includes 1,825,000 dlr tax credit and
+2,600,000 dlr posttax loss from debt extinguishment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15361" NEWID="9840">
+<DATE>26-MAR-1987 09:13:56.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0909&#31;reute
+d f BC-K-MART-&lt;KM>-TO-SUPPLY   03-26 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART &lt;KM> TO SUPPLY HOME SHOPPING NETWORK</TITLE>
+<DATELINE>    TROY, MICH, March 26 - </DATELINE><BODY>K mart Corp said it signed an
+agreement to supply merchandise for Entertainment Marketing
+Inc's &lt;EM> home shopping subsidiary, Consumer Discount Network.
+    K mart, through its Ultra Buying Network, will begin
+supplying non-electronic goods to Consumer Discount Network as
+of April 1.
+    It said Entertainment Marketing and K mart agreed to share
+in the profits. In addition, K mart will receive warrants to
+buy two mln shares of Entertainment Marketing's common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15362" NEWID="9841">
+<DATE>26-MAR-1987 09:14:47.44</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0910&#31;reute
+r f BC-BANK-OF-SPAIN-PROVIDE   03-26 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF SPAIN PROVIDES YEAR RECORD ASSISTANCE FUNDS</TITLE>
+<DATELINE>    MADRID, March 26 - </DATELINE><BODY>The Bank of Spain provided 1,145 billion
+pesetas in assistance funds which bankers said reflected fears
+of fresh increases in overnight rates.
+    The daily auction was the biggest of the year and comes
+after the previous record set last June 6 of 1,240 billion
+pesetas.
+    A spokesman for one of Spain top five banks said higher
+overnight call money rates were expected in the short term in
+view of disappointing money supply figures for February.
+    The M-4 money supply, measured as liquid assets in public
+hands, rose 16.7 pct last month against 8.1 pct in January and
+compared with this year's eight pct target. Money supply growth
+was 11.4 pct last year.
+    The central bank on Tuesday raised overnight rates by a
+quarter of a percentage point to 14 pct on demand for 746
+billion pesetas. Rates stood at 12.1 pct at the start of the
+year and have been increased to drain liquidity on rising
+demand for funds. "The policy is proving counter-productive and
+rates will have to come down in the long-term," the bank
+spokesman said in reply to Reuters enquiries.
+    He said higher rates were fuelling an influx of short-term
+speculative capital from abroad.
+    "At least 800 mln dlrs of current excess liquidity in the
+system is convertible pesetas from West Germany and other
+countries with much lower rates," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15363" NEWID="9842">
+<DATE>26-MAR-1987 09:16:06.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0913&#31;reute
+r f BC-GREAT-WESTERN-&lt;GWF>-T   03-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT WESTERN &lt;GWF> TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 26 - </DATELINE><BODY>Great Western Financial
+Corp said it has called for redeemption a 150 mln dlr issue of
+8.5 pct convertible subordinate debentures due 2010 on May 15.
+    The company said each 1,000 dlrs principal amount of the
+debentures will be redeemed at 1,068 dlrs plus 7.08 dlrs of
+accrude interest.
+    It said each 1,000 dlrs principal amount of the debentures
+is convertible into about 30.075 common shares at the
+conversion price of 33.25 dlrs a share. The stock closed at
+53-3/4 yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15364" NEWID="9843">
+<DATE>26-MAR-1987 09:16:26.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0915&#31;reute
+d f BC-CHINA,-PORTUGAL-INITI   03-26 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA, PORTUGAL INITIAL MACAO PACT</TITLE>
+<DATELINE>    PEKING, March 26 - </DATELINE><BODY>China and Portugal today initialled a
+joint declaration under which the 400-year-old colony of Macao
+will be handed over to Peking on December 20, 1999, the
+official New China News Agency reported.
+    Portuguese Prime Minister Anibal Cavaco Silve said in
+Lisbon yesterday that China had promised that Macao's existing
+political, economic and social system will be maintained until
+the year 2050.
+    Macao, across the Pearl River estuary from Hong Kong, has a
+population of about 400,000.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15365" NEWID="9844">
+<DATE>26-MAR-1987 09:17:18.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0919&#31;reute
+r f BC-ETHYL-CORP-&lt;EY>-UNITS   03-26 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ETHYL CORP &lt;EY> UNITS COMPLETE ACQUISITON</TITLE>
+<DATELINE>    RICHMOND, Va., March 26 - </DATELINE><BODY>Ethyl Corp said its subsidiaries
+completed the acquisiton of Nelson Research and Development Co
+&lt;NELR>.
+    The merger was approved following completion on Jan 27 of a
+tender offer valued at approximately 55 mln dlrs, the company
+said.
+    It added that Nelson, based in Irvine, Calif., will be
+operated as a wholly-owned subsidiary of Ethyl.
+    Nelson designs and develops new drugs, Ethyl said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15366" NEWID="9845">
+<DATE>26-MAR-1987 09:18:19.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0921&#31;reute
+u f BC-jefferies-is-making   03-26 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES IS MAKING A MARKET IN STANDARD &lt;SRD></TITLE>
+<DATELINE>    LOS ANGELES, March 26 - </DATELINE><BODY>Jefferies and Co Inc said it is
+making a market in Standard Oil Co at 73 bid offerred at 75 --
+has been trading stock at 74.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15367" NEWID="9846">
+<DATE>26-MAR-1987 09:19:52.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0924&#31;reute
+u f BC-COLONIAL-&lt;CABK>-TALKS   03-26 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLONIAL &lt;CABK> TALKS WITH DISSIDENTS BREAK DOWN</TITLE>
+<DATELINE>    ROANOKE,M Va., March 26 - </DATELINE><BODY>Colonial American Bankshares Corp
+said it met with the dissident shareholder group Colonial
+American Shareholders Committee to consider a settlement to
+their dispute that would give the group representation on the
+Colonial board, but the talks broke down.
+    The company said it does not want a proxy contest, but if
+the committee presents nominees for election as directors at
+the April 27 annual meeting, Colonial will take "all
+appropriate steps" to win.
+    The company said "There was disagreement on several issues,
+including a demand by the committee for reimbursement by the
+corporation of approximately 275,000 dlrs in exepnses incurred
+by the committee.  The board felt it was inappropriate to
+reimburse the committee for any of its expenses."
+    The group owns under 15 pct of Colonial stock.  Colonial
+has nominated a slate of four directors for election at the
+annual meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15368" NEWID="9847">
+<DATE>26-MAR-1987 09:21:50.93</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0930&#31;reute
+d f PM-BRITAIN-JAPAN   03-26 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH POLITICIANS URGE JAPAN TRADE SANCTIONS</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>One hundred members of Britain's ruling
+Conservative Party have signed a motion calling for trade
+sanctions against Japan to force Tokyo to open its domestic
+market to British goods.
+    The government announced last week that Japan had a 5.9
+billion dlr trade surplus with Britain in 1986.
+    The Department of Trade and Industry said the government
+was drawing up contingency plans to force Japan into opening up
+its domestic markets but a spokesman said such moves were very
+much a last resort.
+    Ideas being considered included blocking Japanese companies
+from trading in Britain and revoking licenses of Japanese
+operations in the London financial district.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15369" NEWID="9848">
+<DATE>26-MAR-1987 09:24:31.15</DATE>
+<TOPICS><D>trade</D><D>bop</D><D>interest</D><D>stg</D><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0934&#31;reute
+r f BC-U.K.-TRADE-FIGURES-BU   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. TRADE FIGURES BUOY HOPES OF INTEREST RATE CUT</TITLE>
+<AUTHOR>    By Rowena Whelan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>The release of U.K. February trade data
+showing that the current account surplus was a provisional 376
+mln stg, up from a 73 mln surplus in January, has boosted hopes
+of an early cut in interest rates, analysts said.
+    Market forecasts had been for a worse outcome, with
+expectations of a deficit in visible trade averaging about 750
+mln stg, against the official figure of 224 mln stg, sharply
+narrower than January's 527 mln deficit.
+    "The figures are unreservedly good," Chase Manhattan
+Securities economist Andrew Wroblewski said.
+    Sterling rebounded on the trade figures, reversing a weaker
+morning trend, to stand at 72.1 pct of its trade weighted index
+against a basket of currencies at midday, unchanged from
+yesterday's close but 0.3 points above the 1100 GMT level.
+    The market had feared that a deteriorating non-oil trade
+pattern would undermine international support for sterling,
+which has been the motor behind the recent fall in U.K.
+Interest rates. Money market sources said the market had begun
+to doubt that a widely expected drop in bank base lending rates
+to 9.5 pct from the present 10.0 pct was really on the cards.
+    But sentiment now looks to have turned about again.
+    There now looks to be no danger that the Chancellor of the
+Exchequer Nigel Lawson's forecast of a 1987 current account
+deficit of 2.5 billion stg will be exceeded, said Wroblewski.
+    Seasonally adjusted figures showed that imports rose in
+February to 7.16 billion stg from 6.73 billion in January.
+    Exports rose to a record 6.93 billion from 6.20 billion.
+    However, Chris Tinker, U.K. Analyst at brokers Phillips and
+Drew said that the faster rise in exports than imports would
+prove partly aberrational in coming months. He forecast the
+Chancellor's Budget tax cuts would increase consumer expediture
+on imported goods.
+    However, Ian Harwood, economist at Warburg Securities, said
+his firm was sharply revising its 1987 current account deficit
+forecast in the light of the latest data, cutting one billion
+stg off the expected full year total to about 1.75 billion stg.
+    He said news of strong growth in exports of non-oil goods
+confirmed recent bullish surveys among members of the
+Confederation of British Industry.
+    The growth in imports appears to be flattening, even if
+January's bad weather had curbed consumer spending on overseas
+goods and import-intensive stock building among manufactureres,
+Harwood said.
+    U.K. Government bonds, or gilts, surged by more than 1/2
+point on the better-than-expected news, as earlier worries
+about the figures evaporated.
+    Sterling peaked at a high of 1.6075 dlrs, before settling
+to a steady 1.6050 dlrs about 1300 GMT, nearly a cent higher
+than the European low of 1.5960.
+    However, analysts noted that the turnabout in market
+sentiment still looks highly vulnerable to political news.
+    Morning weakness in sterling and the gilt market was
+largely attributed to a newspaper opinion poll showing that the
+Conservative government's support was slipping.
+    The Marplan poll, published in "Today," showed Conservative
+support had fallen to 36 pct, from 38 pct last month, while the
+Alliance of Liberals and Social Democrats had rallied to 31
+pct, from 21 pct, to run neck and neck with the Labour Party,
+whose own support fell from 38 pct.
+    The poll was taken after the Budget, which was greeted
+enthusiastically by financial markets but seems to have left
+the voters indifferent, political observers said.
+    Another regular poll is due tomorrow, and eonomists warn
+that today's improved sentiment could be dented if support for
+Prime Minister Margaret Thatcher slips again.
+    This upsetting of the markets' political perceptions, which
+are all but discounting a Conservative victory in the upcoming
+general election, made them more sensitive to the trade data,
+Harwood said. "The news did come as a very, very substantial
+relief," he said.
+    However, on the interest rate front, economists caution
+that Lawson might be wary of leaving sterling vulnerable by
+encouraging another base rate fall. They noted Lawson had
+already got an inflation-reducing cut in mortgage rates in
+response to lower base rates, so domestic political reasons for
+lower rates have been curtailed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15370" NEWID="9849">
+<DATE>26-MAR-1987 09:24:48.51</DATE>
+<TOPICS><D>trade</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0935&#31;reute
+d f PM-KOREA-OIL   03-26 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. KOREA MAY BUY U.S. OIL TO AID TRADE BALANCE</TITLE>
+<DATELINE>    SEOUL, March 26 - </DATELINE><BODY>South Korea is studying a plan to buy
+more coal from the United States and to start importing Alaskan
+crude oil to help reduce its huge trade surplus with the United
+States, Energy Ministry officials said today.
+    They said the plan would dominate discussions at two-day
+energy talks between officials of the two countries in
+Washington from April 1.
+    Huh Sun-yong, who will attend the talks with three other
+Seoul government officials, told Reuters that Seoul was
+"positively considering buying a certain amount of Alaskan oil
+beginning this year as part of our government's overall plan to
+reduce a widening trade gap between the two countries."
+    Huh said however that South Korean refineries considered
+the Alaskan oil economically uncompetitive.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15371" NEWID="9850">
+<DATE>26-MAR-1987 09:25:09.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0937&#31;reute
+u f BC-BP-&lt;BP>-TO-HOLD-NEW-Y   03-26 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP &lt;BP> TO HOLD NEW YORK PRESS CONFERENCE</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>British Petroleum Co PLC said it has
+scheduled a New York press conference for 1300 EST/1800 gmt
+today at which senior management will discuss the company's
+proposed acquisition of the 45 pct of Standard Oil Co &lt;SRD>
+that it does not already own for 70 dlrs per share.
+    The offer is worth about 7.4 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15372" NEWID="9851">
+<DATE>26-MAR-1987 09:30:29.07</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0958&#31;reute
+f f BC-******U.S.-TREASURY'S   03-26 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY'S MULFORD REAFFIRMS G-6 PACT TO FOSTER CURRENCY STABILITY AROUND CURRENT LEVELS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15373" NEWID="9852">
+<DATE>26-MAR-1987 09:32:01.11</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0965&#31;reute
+f f BC-******TREASURY'S-MULF   03-26 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S MULFORD SAYS G-6 HAS NO CURRENCY TARGET ZONES, RANGES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15374" NEWID="9853">
+<DATE>26-MAR-1987 09:34:24.01</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0981&#31;reute
+r f BC-GERMAN-ANALYSTS-SEE-G   03-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN ANALYSTS SEE GOLD FIRMING LATER THIS YEAR</TITLE>
+<DATELINE>    FRANKFURT, March 26 - </DATELINE><BODY>The price of gold bullion is likely
+to rise in the second half of the year on increased private
+investor demand, West German analysts said.
+    Gold could rise as high as 500 dlrs per ounce later this
+year, said Peter Witte, director of Westdeutsche Landesbank
+Girozentrale's trading division, after a presentation by the
+U.S. Mint to promote its gold and silver Eagle series coins.
+    "A lot will depend on oil prices and developments on stock
+exchanges," Witte said, adding he saw gold positioned for
+further rises once it breaks out above 450 dlrs.
+    Gold was fixed this morning in London at 411.30 dlrs.
+    Despite current strong interest in gold mine stocks, many
+investors still want to buy physical gold, Witte said.
+    Interest in gold mine stocks may also wane if stock
+exchange rallies under way in many countries start to waver.
+    Hermann Strohmeyer, vice president of Commerzbank AG's
+foreign exchange trading and treasury department, said gold is
+poised to rise to 460 to 470 dlrs an ounce in the second half
+of this year.
+    The price is unlikely to fall much below 380 or 390 dlrs an
+ounce, and probably will continue in a range between 380 and
+430 dlrs in the first half of this year, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15375" NEWID="9854">
+<DATE>26-MAR-1987 09:34:39.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0983&#31;reute
+r f BC-ESSEX-CHEMICAL-&lt;ESX>   03-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSEX CHEMICAL &lt;ESX> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Essex Chemical Corp is raising 60 mln
+dlrs via an offering of convertible subordinated debentures due
+2012 with a six pct coupon and par pricing, said lead manager
+Thomson McKinnon Securities Inc.
+    The debentures are convertible into the company's common
+stock at 40 dlrs per share, representing a premium of 23.6 pct
+over the stock price when terms on the debt were set.
+    Non-callable for two years, the issue is rated B-1 by
+Moody's Investors Service Inc and B by Standard and Poor's
+Corp. PaineWebber Inc co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15376" NEWID="9855">
+<DATE>26-MAR-1987 09:35:35.03</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0987&#31;reute
+b f BC-U.K.-MONEY-MARKET-REC   03-26 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET RECEIVES 226 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>The Bank of England said it operated in
+the money market this afternoon, buying 226 mln stg in bills.
+    In band one, the central bank bought 37 mln stg treasury
+bills and 72 mln stg bank bills at 9-7/8 pct together with 117
+mln stg band two bank bills at 9-13/16 pct.
+    This brings total money market help so far today to 241 mln
+stg and compares with the Bank's revised estimate of a 350 mln
+stg shortfall.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15377" NEWID="9856">
+<DATE>26-MAR-1987 09:35:52.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0988&#31;reute
+u f BC-SWEDEN-REVISES-BUDGET   03-26 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN REVISES BUDGET FORECASTS</TITLE>
+<DATELINE>    STOCKHOLM, March 26 - </DATELINE><BODY>Sweden's state-run Institute of
+Economic Research released its forecast of economic indicators
+during 1987 upon which revisions to the state budget, due to be
+put forward at the end of next month, will be based.
+    The institute predicted an increase in exports by 2.2 pct
+to 277.72 billion crowns, with imports up 2.9 pct on 1986 to
+247.51 billion.
+    The balance of payments current account, which showed a
+1986 surplus of 7.6 billion crowns, will be reduced to a
+surplus of no more than 1.5 billion, according to the
+institute.
+    The state-run institute's forecast will be used as a basis
+for revisions which the Finance Ministry is due to make to the
+state budget, which was published in January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15378" NEWID="9857">
+<DATE>26-MAR-1987 09:35:55.89</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0989&#31;reute
+f f BC-BANK-OF-FRANCE-LEAVES   03-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF FRANCE LEAVES MONEY MARKET INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15379" NEWID="9858">
+<DATE>26-MAR-1987 09:36:08.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0991&#31;reute
+r f BC-MCO-&lt;MCO>,-MAXXAM-&lt;MX   03-26 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCO &lt;MCO>, MAXXAM &lt;MXM> HOLDERS APPROVE MERGER</TITLE>
+<DATELINE>    LOS ANGELES, March 26 - </DATELINE><BODY>MCO Holdings Inc said its
+shareholders and those of MAXXAM Group Inc have approved the
+proposed merger of the two companies.
+    MCO said one MAXXAM shareholder has filed an objection to
+the proposed settlement of shareholder actions related to the
+merger in the Delaware Court of Chancery. A hearing on the
+settlement proposal is scheduled for March 27... The merger is
+subject to court approval of the settlement as well as to other
+conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15380" NEWID="9859">
+<DATE>26-MAR-1987 09:36:15.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f0992&#31;reute
+u f BC-CANADA-DETAILS-TWO-BO   03-26 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA DETAILS TWO BOND AUCTIONS</TITLE>
+<DATELINE>    OTTAWA, March 26 - </DATELINE><BODY>The finance department said it will sell
+500 mln dlrs of three-year 3-1/2 month bonds to primary
+distributors in a previously announced auction March 31.
+    It said another 400 mln dlrs of seven-year 3 month bonds
+will be auctioned April 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15381" NEWID="9860">
+<DATE>26-MAR-1987 09:37:19.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0993&#31;reute
+u f BC-PRICE-CO-&lt;PCLB>-2ND-Q   03-26 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRICE CO &lt;PCLB> 2ND QTR MARCH 15 NET</TITLE>
+<DATELINE>    SAN DIEGO, March 26 -
+    </DATELINE><BODY>Shr 34 cts vs 29 cts
+    Net 16.7 mln vs 13.3 mln
+    Sales 678.7 mln vs 531.0 mln
+    Avg shrs 48.9 mln vs 45.8 mln
+    1st half
+    Shr 81 cts vs 69 cts
+    Net 39.5 mln vs 31.7 mln
+    Sales 1.71 billion vs 1.35 billion
+    Avg shrs 48.9 mln vs 45.8 mln
+    NOTE: Twelve and 28-week periods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15382" NEWID="9861">
+<DATE>26-MAR-1987 09:37:47.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0996&#31;reute
+r f BC-carolian-systems-sees   03-26 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAROLIAN SYSTEMS SEES LOWER FISCAL 1987 PROFIT</TITLE>
+<DATELINE>    TORONTO, March 26 - </DATELINE><BODY>&lt;Carolian Systems International Inc>
+said it anticipates profit for fiscal 1987 ending June 30 will
+be lower than fiscal 1986 earnings of 410,000 dlrs, despite an
+expected revenue increase of 37 pct to more than 3.5 mln dlrs.
+    After an extraordinary expense associated with the
+December, 1986 withdrawal of a planned common share offering,
+"we expect to be modestly profitable for the year, but below the
+410,000 dlrs earned in fiscal 1986," the company said.
+    Carolian previously reported fiscal six month profit of
+12,933 dlrs, excluding an extraordinary loss of 17,210 dlrs,
+compared to earnings of 69,829 dlrs in the prior year.
+    The company said it anticipated fiscal 1987 earnings to be
+lower due to withdrawal of its share offering, computer
+equipment shipment delays and costs associated with sales staff
+expansion.
+    A strengthening Canadian dollar against U.S. currency will
+also adversely affect revenues and earnings, since 85 pct of
+revenues are generated by sales outside Canada, said Carolian,
+a leading supplier of utility software for Hewlett-Packard
+computer systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15383" NEWID="9862">
+<DATE>26-MAR-1987 09:39:19.15</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1001&#31;reute
+f f BC-BANK-OF-FRANCE-BUYS-D   03-26 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF FRANCE BUYS DOLLARS, SELLS YEN - DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15384" NEWID="9863">
+<DATE>26-MAR-1987 09:40:05.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>tunisia</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1002&#31;reute
+b f BC-TUNISIA-TO-BREAK-TIES   03-26 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TUNISIA TO BREAK TIES WITH IRAN</TITLE>
+<DATELINE>    TUNIS, March 26 - </DATELINE><BODY>Tunisia has decided to break diplomatic
+relations with Iran, the foreign ministry said.
+    A communique published by the official TAP news agency said
+the Iranian embassy in Tunis had been engaged in activities
+liable to disturb public order.
+    These included acts aimed at sowing ideological confusion
+and anarchy, the communique said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15385" NEWID="9864">
+<DATE>26-MAR-1987 09:42:19.17</DATE>
+<TOPICS><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1007&#31;reute
+b f BC-/U.S-TREASURY'S-MULFO   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S TREASURY'S MULFORD REAFFIRMS G-6 AGREEMENT</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Treasury Assistant Secretary David
+Mulford reaffirmed U.S. backing for the Paris Agreement among
+six industrial nations to cooperate closely to foster exchange
+rate stability around current levels.
+    In testimony prepared for delivery before a Senate banking
+subcommittee, Mulford said there was broad recognition in Paris
+that "further substantial exchange rate shifts could damage
+growth and adjustment prospects."
+    But he also said while there are clear understandings among
+the countries regarding cooperation, "We have refrained from
+establishing a system of target zones or ranges."
+    Mulford also said the six nations have not spelled out the
+way in which they intend to deal with possible market
+developments.
+    He said governments must retain flexibility in dealing with
+exchange market pressures and efforts to establish rigid
+exchange rate objectives "or to specify too precisely the goals
+of intervention" would hurt official attempts to react to
+market pressures, he said.
+    Accordingly, Mulford said setting specific currency
+objectives and intervention to achieve those objectives would
+be counterproductive.
+    Commenting on the trade deficit, Mulford reiterated the
+Treasury position that the current account deficit will decline
+from 148 billion dlrs last year to around 130 billion dlrs this
+year, due to the exchange rate adjustments of the past 18
+months.
+    But he added trade imbalances would also be corrected by
+commitments from West Germany and Japan to stimulate their
+economies and by U.S. efforts to cut the budget deficit and
+enhance U.S. competitiveness.
+    He also said some newly industrialized countries should let
+their currencies appreciate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15386" NEWID="9865">
+<DATE>26-MAR-1987 09:42:26.50</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1008&#31;reute
+u f BC-FRENCH-FREE-MARKET-CE   03-26 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED</TITLE>
+<DATELINE>     PARIS, March 26 - </DATELINE><BODY>French operators have requested licences
+to export 675,500 tonnes of maize, 245,000 tonnes of barley,
+22,000 tonnes of soft bread wheat and 20,000 tonnes of feed
+wheat at today's European Community tender, traders said.
+    Rebates requested ranged from 127.75 to 132.50 European
+Currency Units a tonne for maize, 136.00 to 141.00 Ecus a tonne
+for barley and 134.25 to 141.81 Ecus for bread wheat, while
+rebates requested for feed wheat were 137.65 Ecus, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15387" NEWID="9866">
+<DATE>26-MAR-1987 09:43:13.45</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1012&#31;reute
+u f BC-U.S.-GOLD-EAGLE-SALES   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GOLD EAGLE SALES PROJECTED AT 3.1 MLN OUNCES</TITLE>
+<DATELINE>    FRANKFURT, March 26 - </DATELINE><BODY>American Eagle gold bullion coin
+sales are projected at 3.1 mln troy ounces in their first year
+on the market, well above the target of 2.2 mln, Donna Pope,
+director of the U.S. Mint, told journalists.
+    World sales, which began on October 20, 1986, reached 2.193
+mln ounces in less than six months of sales. This made it world
+market leader with a share of 37 pct in 1986, Pope said.
+    Pope said that in volume terms, nearly half of all gold
+Eagle sales were within North America, roughly 40 pct were in
+Europe and about eight pct in Asia.
+    She said despite introduction of several new gold bullion
+coins on the market recently, the Mint is aiming to preserve
+the Eagle's strong market share with extensive publicity.
+    The Mint uses mainly newly mined U.S. Gold for the coins,
+as long as this is available at market prices. The remaining
+gold is taken either from U.S. Treasury stocks, or from the
+open market, Pope said.
+    Gold analysts said the Eagle is facing competition here
+from the Canadian Maple Leaf, and also to a lesser extent from
+the South African Krugerrand. Some estimated the Maple Leaf's
+West German market share at 60 pct.
+    The figures may be distorted, as many German investors buy
+gold bullion in Switzerland or Luxembourg to escape the 14 pct
+value-added tax imposed here. Including the tax, the one-ounce
+coins traded today at 906 marks, they said.
+    Competition may also come from new gold coins, including
+Belgium's ECU, which began sales today. Britain and Australia
+also have plans to mint gold bullion coins, the analysts said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15388" NEWID="9867">
+<DATE>26-MAR-1987 09:43:48.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1016&#31;reute
+u f BC-NEOAX-&lt;NOAX>-TO-SELL   03-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEOAX &lt;NOAX> TO SELL NOVATRONICS FOR 20 MLN DLRS</TITLE>
+<DATELINE>    LAWRENCEVILLE, N.J., March 26 - </DATELINE><BODY>Neoax Inc said it has
+agreed to sell the assets and business of its Novatronics
+Division to Veeco Instruments Inc &lt;VEE> for 20 mln dlrs.
+    Neoax said it expects a gain of about nine mln dlrs on the
+transaction which is expected to becomleted during the second
+quarter, adding the gain will be sheltered by its tax loss
+carryforwards.
+    Novatronics makes military-specification power supplies and
+avionics components for various prime government defense
+contractors. It had 1986 sales of 21 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15389" NEWID="9868">
+<DATE>26-MAR-1987 09:46:18.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1021&#31;reute
+r f BC-PONCE-FEDERAL-BANK-FS   03-26 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PONCE FEDERAL BANK FSB &lt;PFBS> RAISES DIVIDEND</TITLE>
+<DATELINE>    PONCE, P.R., March 26 -
+    </DATELINE><BODY>Qtly div nine cts vs 7.5 cts in prior qtr
+    Payable April 15
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15390" NEWID="9869">
+<DATE>26-MAR-1987 09:46:34.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1022&#31;reute
+r f BC-FOOTHILL-GROUP-&lt;FGI>   03-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOTHILL GROUP &lt;FGI> SEES BETTER FIRST QUARTER</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Don Gevirtz, chairman of The Foothill
+Group Inc, told Reuters the company's first quarter results
+will be up sharply over last year's eight cents a share.
+    "First quarter results will be dramatically better," he
+said following a presentation to analysts. He cited a sharp
+drop in non-earning assets, healthy asset growth and lower
+expenses.
+    He declined to predict specific results for the first
+quarter. In the 1986 first quarter, the commerical finance
+company earned 606,000 dlrs, or eight cts per share.
+    Gevirtz also declined to predict full year results, but
+said, "We expect an excellent year." In 1986 Foothill earned
+3,239,000 dlrs, or 41 cts per share.
+    Analysts expect Foothill to record earnings of 65 cts to 85
+cts a share in 1987.
+    During the presentation Gevirtz said Foothill has reduced
+to less than five pct the company's level of non-performing
+assets, which was as high as eight pct in previous years.
+    David Hilton, chief financial officer, said the company's
+general and administrative expenses in 1987 will be reduced to
+about 3.0 to 3.5 pct of average assets from 4.3 pct in 1986.
+    The company had average assets of 399.8 mln dlrs from
+continuing operations and 29.8 mln dlrs from discontinued
+operations in 1986, according to its annual report.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15391" NEWID="9870">
+<DATE>26-MAR-1987 09:47:46.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1030&#31;reute
+r f BC-COMMODORE-&lt;CBU>-IN-PA   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMODORE &lt;CBU> IN PACT FOR COMPUTER GRAPHICS</TITLE>
+<DATELINE>    WEST CHESTER, Pa., March 26 - </DATELINE><BODY>Commodore International Corp
+said it entered into two agreements to provide Amiga computer
+graphics technology to the coin-operated amusement industry.
+    The agreements are with London-based &lt;Mastertronic Ltd> and
+&lt;Grand Products> of Elk Grove, Ill., and they join a similar
+previously-announced agreement with Bally Manufacturing Corp
+&lt;BLY>, the company said.
+    Under the terms of the agreement, Commodore said it will
+supply the companies with Amiga printed circuit board and
+Commodore technical knowhow and will obtain software licensing
+rights to video games developed for the Amiga hardware.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15392" NEWID="9871">
+<DATE>26-MAR-1987 09:49:51.82</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1032&#31;reute
+u f BC-BANK-OF-FRANCE-BUYS-D   03-26 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE BUYS DOLLARS, SELLS YEN - DEALERS</TITLE>
+<DATELINE>    PARIS, March 26 - </DATELINE><BODY>The Bank of France intervened on the
+market to buy dollars and sell yen to support the U.S.
+Currency, dealers said.
+    A major French bank said it acted for the central bank in
+buying between five and 15 mln dlrs against yen.
+    A dealer at another bank said his bank had been asked to
+publicise the intervention, to send a clear signal to the
+markets that central banks were acting in concert to maintain
+the exchange rates agreed to be appropriate at last month's
+meeting of the Group of Five and Canada in Paris.
+    The dollar was being quoted at 6.0950/70 francs in early
+afternoon dealings after a fix of 6.09425 francs.
+    The major French bank said it sold yen at a rate of 149.28
+against the dollar.
+    The U.S. Currency was subsequently being quoted at
+149.25/35.
+    The Bank of Japan was reported in the market overnight to
+bolster the credibility of the Paris accord following several
+days of pressure against the dollar.
+    Pressure developed after U.S. Treasury Secretary James
+Baker repeated earlier statements that the Reagan
+administration had no targets for the dollar, apparently
+undermining the assumption that the agreement in Paris had
+fixed broad fluctuation ranges for major currencies.
+    Baker later said his remark had been misinterpreted.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15393" NEWID="9872">
+<DATE>26-MAR-1987 09:52:15.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1039&#31;reute
+b f BC-STANDARD-&lt;SRD>-REFERR   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD &lt;SRD> REFERRING BP &lt;BP> BID TO GROUP</TITLE>
+<DATELINE>    CLEVELAND, March 26 - </DATELINE><BODY>Standard Oil Co said British
+Petroleum Co Plc's proposed offer of 70 dlrs a share for the 45
+pct of Standard's stock not held by BP is being referred to a
+special committee of the company's board.
+    This committee, which is composed of the independent,
+non-exective directors of the company, was formed in April 1986
+for the purpose of monitoring the relationship between Standard
+Oil and BP.
+    Standard said the group will consider BP's offer in due
+course noting the committee has retained the First Boston Corp
+and Cravath Swaine and Moore as advisers.               
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15394" NEWID="9873">
+<DATE>26-MAR-1987 09:52:24.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D><D>chile</D><D>venezuela</D><D>philippines</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1040&#31;reute
+u f BC-MULFORD-SEES-MORE-BAN   03-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULFORD SEES MORE BANK LOANS TO DEBTORS IN 1987</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>U.S. Treasury Assistant Secretary
+David Mulford said he foresaw substantial net new commercial
+loans to the major debtor countries in 1987.
+    In testimony before a Senate banking subcommittee, Mulford
+said he based this prediction on progress in talks between
+banks and Mexico, Chile, and Venezuela, as well as progress in
+negotiations with the Philippines.
+    "These agreements, together with others for Argentina and
+we hope Brazil," should assure substantial new loans this year,
+Mulford said.
+    Mulford defended the U.S. strategy for handling the debt
+crisis and added additional steps, like development by
+commercial banks of a menu of options to support debtor reform,
+can be undertaken.
+    That particular development would maintain broad bank
+participation in new financing packages to debtors.
+    Mulford stessed that greater flexibility in devising new
+money packages may be essential for future bank syndications.
+    "The commercial banks have much to gain from taking the
+lead themselves to develop the kinds of ideas that help assure
+the concerted lending process works," he said.
+    In particular, Mulford said banks and debtor nations will
+increasingly move toward repricing, retiming or rescheduling
+agreements as an alternative to new loans.
+    "The benefits of such approaches may be substantial and
+may, in the right circumstances, be easier to achieve than new
+money packages," he said.
+    But for debtors with substantial financing needs, new
+lending will still be necessary, he said.
+    Mulford rejected congressional ideas for a debt facility as
+being far too costly to creditor governments, and ultimately
+taxpayers.
+    Mulford urged further development of debt-equity swaps as
+well as broader mutual funds for conversion into equity.
+    As in the past, Mulford said progress must be founded on
+economic reforms and sufficient new financing for debtors both
+to support those reforms and generate new growth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15395" NEWID="9874">
+<DATE>26-MAR-1987 09:53:48.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1047&#31;reute
+u f BC-ANCHOR-GLASS-&lt;AGLS>-N   03-26 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANCHOR GLASS &lt;AGLS> NOW SEES HIGHER 1ST QTR NET</TITLE>
+<DATELINE>    TAMPA, Fla., March 26 - </DATELINE><BODY>Anchor Glass Container Corp said
+first quarter net income is now expected to exceed the 3.1 mln
+dlrs earned before extraordinary items in the year earlier
+quarter.
+    Previously, the company had said first quarter results
+would likely be lower than for the 1986 period due to
+production disruptions caused by the large number of production
+line changes scheduled during the first quarter, its statement
+pointed out.
+    While the disruptive effects of the production line changes
+had occurred in line with expectations, Anchor Glass said,
+first quarter operating results were helped by lower than
+anticipated operating costs and improved margins on sales as a
+result of a more favorable product mix.
+    The company said its income performance for the full year
+remains very good.
+    It also said Anchor Hocking Corp &lt;ARH> has converted the
+entire principal balance of its Anchor Glass convertible
+subordinated note to 576,694 Anchor Glass common shares.
+    Anchor Glass said the conversion decreased its total debt
+and increased stockholders' equity by about 9.4 mln dlrs and
+increased common shares outstanding to 13,902,716.
+    It said the conversion will also reduce its annualized net
+interest expense by about 1.1 mln dlrs, or 600,000 dlrs after
+taxes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15396" NEWID="9875">
+<DATE>26-MAR-1987 09:54:28.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1050&#31;reute
+r f BC-MACNEAL-SCHWENDLER-CO   03-26 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACNEAL-SCHWENDLER CORP &lt;MNS> RAISES PAYOUT</TITLE>
+<DATELINE>    LOS ANGELES, March 26 -
+    </DATELINE><BODY>Qtly div five cts vs 2-1/2 cts prior
+    Pay June 10
+    Record May 29
+    NOTE: Prior payment adjusted for two-for-one stock split
+declared recently.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15397" NEWID="9876">
+<DATE>26-MAR-1987 09:56:11.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1058&#31;reute
+r f BC-VISHAY-&lt;VSH>-COMPLETE   03-26 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VISHAY &lt;VSH> COMPLETES EXCHANGE OFFER</TITLE>
+<DATELINE>    MALVERN, Pa., March 26 - </DATELINE><BODY>Vishay Intertechnology Inc said it
+has received a total of 2,362,616 common shares in response to
+its offer to exchange Class B shares for common shares, and all
+common shares received were accepted.
+    Vishay said about 737,500 shares were tendered by chairman
+Alfred Slaner and 1,164,607 by president Felix Zandman, with
+other executives tendering another 223,387 shares.
+    Vishay said it now has 4,675,435 common shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15398" NEWID="9877">
+<DATE>26-MAR-1987 09:56:19.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1059&#31;reute
+b f BC-CREDIT-LYONNAIS-UNIT   03-26 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT LYONNAIS UNIT HAS AUSTRALIAN DOLLAR BOND</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Credit Lyonnais Australia is issuing a
+40 mln Australian dlr eurobond paying 14-1/2 pct and priced at
+101-1/8 pct, lead manager Hambros Bank Ltd said.
+    The bond is due April 24, 1990 and is guaranteed by Credit
+Lyonnais. It will be available in denominations of 1,000 dlrs
+and will listed in Luxembourg.
+    Fees comprise one pct selling concession with 1/2 pct
+management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15399" NEWID="9878">
+<DATE>26-MAR-1987 09:56:34.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1061&#31;reute
+s f BC-VIACOM-INTERNATIONAL   03-26 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIACOM INTERNATIONAL INC &lt;VIA> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 26 -
+    </DATELINE><BODY>Qtly div seven cts vs seven cts prior
+    Pay May Eight
+    Record April 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15400" NEWID="9879">
+<DATE>26-MAR-1987 09:56:55.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1063&#31;reute
+b f BC-WALT-DISNEY-ISSUES-60   03-26 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALT DISNEY ISSUES 60 MLN AUS DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Walt Disney Co Ltd is issuing a 60 mln
+Australian dlr eurobond due May 7, 1990 with a 14-1/2 pct
+coupon and priced at 101-3/8 pct, Warburg Securities said as
+lead manager.
+    The non-callable bonds will be issued in denominations of
+1,000 Australian dlrs and will be listed in Luxembourg.
+    Gross fees of 1-1/2 pct comprise one pct for selling and
+1/2 pct for management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15401" NEWID="9880">
+<DATE>26-MAR-1987 10:05:51.72</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1065&#31;reute
+b f BC-U.K.-MONEY-MARKET-GET   03-26 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GETS 25 MLN STG LATE HELP</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>The Bank of England said it provided
+about 25 mln stg in late help to the money market, bringing the
+total assistance today to 266 mln stg.
+    This compares with the bank's revised estimate of a 350 mln
+stg money market shortfall.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15402" NEWID="9881">
+<DATE>26-MAR-1987 10:12:28.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1103&#31;reute
+u f BC-IOMEGA-&lt;IOMG>-IN-SUPP   03-26 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IOMEGA &lt;IOMG> IN SUPPLY AGREEMENT</TITLE>
+<DATELINE>    ROY, Utah, March 26 - </DATELINE><BODY>Iomega Corp said it has signed a
+four-year agreement to supply Beta-20 disk drives with
+removable cartridges to &lt;Leading Edge Hardware Products Inc>.
+    Value was not disclosed.
+    The company said shipments will stgart in the second
+quarter of 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15403" NEWID="9882">
+<DATE>26-MAR-1987 10:12:58.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>chad</D><D>libya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1107&#31;reute
+u f AM-CHAD   03-26 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBYA ABANDONS CHAD STRONGHOLD AFTER DEFEATS</TITLE>
+<DATELINE>    PARIS, March 26 -  </DATELINE><BODY>Libyan troops are hastily evacuating
+their last important stronghold in northern Chad, leaving the
+key desert oasis undefended against advancing Chad government
+troops, military and diplomatic sources said.
+    They said a Libyan force of some 3,000 men was abandoning
+the oasis of Faya-Largeau but added that severe sand storms
+across Chad could be delaying the pull out and an expected
+government strike on the town.
+    Swirling clouds of sand, which have closed the capital of
+N'Djamena to commercial flights for two days, have sharply
+reduced visibility and made it difficult to determine the exact
+situation around Faya, French military officials said.
+    The hurried Libyan evacuation, which started yesterday
+morning, follows the capture on Sunday of Libya's best-defended
+and vitally important air base at Ouadi Doum, 145 kms (90
+miles) northeast of Faya.
+    The fall of Ouadi Doum, which Chad said cost 1,269 Libyan
+lives, deprived Libya of its only hard surface runway in Chad
+capable of taking Soviet-made bombers and transport planes and
+left Faya-Largeau isolated and encircled by government troops.
+    Libyan forces are reported to have blown up stocks of fuel
+and ammunition on Tuesday night before starting to flee
+northwards towards the Tibesti mountain region, which adjoins
+Libya's southern border.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15404" NEWID="9883">
+<DATE>26-MAR-1987 10:13:54.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1115&#31;reute
+u f BC-roy-f.-weston-&lt;westna   03-26 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROY F. WESTON &lt;WSTNA> DISTRIBUTING STATEMENT</TITLE>
+<DATELINE>    WEST CHESTER, Pa., March 26 - </DATELINE><BODY>Roy F. Weston Inc expects to
+distribute a statement shortly, a spokesman said.
+    NASDAQ has halted trading in the stock until the
+announcement is distributed, saying it last traded at 20-3/4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15405" NEWID="9884">
+<DATE>26-MAR-1987 10:16:28.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1135&#31;reute
+r f BC-PHLCORP-&lt;PHX>-HAS-BRE   03-26 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHLCORP &lt;PHX> HAS BREAKEVEN RESULTS</TITLE>
+<DATELINE>    PHILADELPHIA, March 26 - </DATELINE><BODY>PHLCORP Inc said for November 14
+through December 31, its first reporting period after emerging
+from reorganization proceedings, it earned 86,000 dlrs on
+revenues of 47 mln dlrs, excluding 2,300,000 dlrs in gains on
+the sale of real estate and 800,000 dlrs in tax credits.
+    The company is the successor to Baldwin-United Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15406" NEWID="9885">
+<DATE>26-MAR-1987 10:16:34.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1136&#31;reute
+r f BC-&lt;MARSAM-PHARMACEUTICA   03-26 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MARSAM PHARMACEUTICALS INC> IN INITIAL OFFERING</TITLE>
+<DATELINE>    CHERRY HILL, N.J., March 26 - </DATELINE><BODY>Marsam Pharmaceuticals Inc
+said an initial public offering of 800,000 common shares is
+underway at 15 dlrs per share through sole underwriter &lt;Smith
+Barney, Harris Upham and Co>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15407" NEWID="9886">
+<DATE>26-MAR-1987 10:17:20.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1141&#31;reute
+u f BC-STONE-CONTAINER-&lt;STO>   03-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STONE CONTAINER &lt;STO> TO REDEEM DEBT</TITLE>
+<DATELINE>    CHICAGO, March 26 - </DATELINE><BODY>Stone Container Corp said it has
+elected to redeem 200 mln dlrs of convertible debt.
+    The paperboard and packaging producer said the debt
+consists of the entire outstanding principal amount of its
+6-3/4 pct convertible subordinated debentures due April 15,
+2011, and all of its outstanding series C cumulative
+convertible exchangeable preferred shares, both issued in the
+principal amount of 100 mln dlrs each.
+    Stone said April 10 is the redemption date for the
+convertible debentures and April 27 is the redemption date for
+the series C preferred.
+    Stone Container said the convertible debentures' redemption
+price is 1067.50 dlrs plus accrued interest of 32.81 dlrs for a
+total of 1100.31 dlrs for each 1,000 dlrs prinicipal amount of
+the debentures. Interest on the debentures will stop accruing
+on and after its redemption date, the company said.
+    Stone Container added that the series C preferred's
+redemption price is 53.15 dlrs plus accrued and unpaid
+dividends of 12 cts for a total of 53.27 dlrs a share.
+Dividends on the shares will stop accruing on and after their
+redemption date as well, Stone Container said.
+    Stone Container said shareholders also have the right to
+convert any or all of the debt into common shares at the
+conversion price of 56 dlrs a common share, or about 17.857
+shares for each 1,000 dlrs of debentures ,and .893 shares for
+each series C share.
+    The company said the conversion right will terminate after
+1700 EST April 9 for the debentures and 1700 EST April 13 for
+the series C.
+    Stone said that those electing to convert their holdings to
+common shares, becoming holders of record by May 22, will be
+entitled to the 20 cts per share quarterly cash dividend
+payable June 12, as well as the additional shares from the
+previously announced two-for-one stock split to be issued on
+June 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15408" NEWID="9887">
+<DATE>26-MAR-1987 10:17:33.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1142&#31;reute
+b f BC-FARM-CREDIT-SYSTEM-RE   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM CREDIT SYSTEM REQUESTS U.S. CREDIT LINE</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The financially-troubled Farm Credit
+System today formally asked that the Treasury Department
+provide a line of credit to the system and that Congress take
+steps to guarantee stock held by borrowers.
+    In testimony prepared for delivery to a Senate agriculture
+subcommittee hearing, Brent Beesley, president of the Farm
+Credit Corp, said "In order to avoid the need for continued
+appropriations, the Farm Credit System Capital Corp should have
+a line of credit from the Treasury."
+    Beesley said in April the system would recommend a dollar
+amount of aid needed.
+    In addition, Beesley urged Congress to immediately take
+steps to reassure borrowers from the system that their stock is
+secure.
+    We urged the Congress to go on record through a resolution
+stating its commitment to protect the stock," Beesley said.
+    Borrowers from the system own some four billion dlrs in
+stock that could be jeopardized by the mounting losses of the
+Farm Credit System.
+    Beesley also said that if Congress takes action to reduce
+interest rates offered to farmers to below-market levels, "The
+government should provide this interest rate relief.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15409" NEWID="9888">
+<DATE>26-MAR-1987 10:19:23.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1153&#31;reute
+r f BC-OAKWOOD-HOMES-&lt;OH>-SE   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OAKWOOD HOMES &lt;OH> SELLS CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Oakwood Homes Corp is raising 25 mln
+dlrs via an offering of convertible subordinated debentures due
+2012 with a 6-1/2 pct coupon and par pricing, said lead manager
+Donaldson, Lufkin and Jenrette Securities Corp.
+    The debentures are convertible into the company's common
+stock at 21.25 dlrs per share, representing a premium of 23.19
+pct over the stock price when terms on the debt were set.
+    Non-callable for three years, the issue is rated B-2 by
+Moody's Investors and B by Standard and Poor's. J.C. Bradford
+and Legg Mason co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15410" NEWID="9889">
+<DATE>26-MAR-1987 10:20:12.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f1158&#31;reute
+r f BC-emco-sets-75-mln-dlr   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMCO SETS 75 MLN DLR DEBENTURE OFFERING</TITLE>
+<DATELINE>    TORONTO, March 26 - </DATELINE><BODY>&lt;Emco Ltd> said the board approved a
+public offering of 75.0 mln dlrs principal amount of 7-1/4 pct
+convertible subordinated debentures, maturing April 30, 2002,
+subject to regulatory approvals.
+    The debentures will be convertible into common shares at
+any time up to April 30, 1992 at a price of 17.50 dlrs a share,
+and then up to April 30, 1997 at 18.50 dlrs a share.
+    Masco Corp &lt;MAS>, holding 44 pct of Emco, has agreed to
+purchase 33.0 mln dlrs of the debentures. Underwriters are
+Gordon Capital Corp, Midland Doherty Ltd, Merrill Lynch Canada
+Inc and Levesque Beaubien Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15411" NEWID="9890">
+<DATE>26-MAR-1987 10:20:21.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1160&#31;reute
+r f BC-FISCHER-WATT-TO-SELL   03-26 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FISCHER-WATT TO SELL CONVERTIBLE PREFERRED</TITLE>
+<DATELINE>    RENO, Nev., March 26 - </DATELINE><BODY>&lt;Fischer-Watt Gold Co Inc> said it
+intends to raise about five mln dlrs from the private sale of
+convertible preferred stock.
+    The company said based on successful completion of the
+placement, proceeds of which will be used to expand gold and
+silver recovery, it hopes to produce 14,000 ounces of gold and
+210,000 ounces of silver this year, up from 2,500 and 15,000
+respectively last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15412" NEWID="9891">
+<DATE>26-MAR-1987 10:21:06.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1167&#31;reute
+d f BC-FOOTE-MINERAL-TO-MERG   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOTE MINERAL TO MERGE INTO RIO TINTO</TITLE>
+<DATELINE>    EXTON, Pa., March 26 - </DATELINE><BODY>Foote Mineral Co said it signed a
+letter of intent to merge into Rio Tinto-Zinc Corp PLC for
+cash.
+    Foote, 83 pct owned by Newmont Mining Corp, said Newmont
+has informally indicated it would vote in favor of the Rio
+Tinto proposal.
+    Foote said terms of the agreement, including price for the
+proposed cash transaction, have not been released because they
+are subject to a continuing due diligence investigation.
+    The company said a definitive merger agreement is expected
+to be negotiated within six weeks and shareholders are expected
+to vote on the deal at a meeting expected to be held in June or
+July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15413" NEWID="9892">
+<DATE>26-MAR-1987 10:21:14.61</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1168&#31;reute
+u f BC-ALUMINIUM-SCRAP-RECOV   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALUMINIUM SCRAP RECOVERY AND USAGE TO RISE</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Aluminium scrap recovery and usage and
+output of secondary metal will continue to rise, said Shearson
+Lehman Brothers in a review of the secondary aluminium market
+which details cost and demand factors.
+    Although primary smelting costs have declined generally in
+recent years, the still substantial energy cost savings offered
+by secondary smelters will continue to make re-melted material
+increasingly attractive.
+    It takes around 15,000 kilowatt hours (kwh) of electricity
+to produce one tonne of primary aluminium compared with around
+550 kwh for one tonne of secondary metal, Shearson said.
+    On the demand side, developments in automobiles and
+packaging bode well for secondary aluminium consumption.
+    Automobile production, although expected to fall this year,
+is still on an upward trend and will continue to be so for the
+foreseeable future and, in addition, use of aluminium castings
+is gaining wider acceptance in the automobile industry,
+particularly in the U.S.
+    In packaging, Shearson does not expect aluminium to
+dominate the beverage can market in any of the other major
+economies to the extent it does in the U.S., But says there is
+evidence recycling is on the increase in other countries.
+    In addition to the cost savings involved, technology
+advances now enable alloys of higher purity to be produced by
+the secondary aluminium industry, Shearson said.
+    There is not likely to be a problem of availability as the
+U.S. Has a huge scrap reservoir and this is also true of
+several European countries, albeit on a smaller scale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15414" NEWID="9893">
+<DATE>26-MAR-1987 10:21:32.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1171&#31;reute
+d f BC-CROSS-AND-TRECKER-&lt;CT   03-26 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CROSS AND TRECKER &lt;CTCO> BUYS AUTOMATION UNIT</TITLE>
+<DATELINE>    BLOOMFIELD, MICH., March 26 - </DATELINE><BODY>Cross and Trecker said it
+agreed to acquire the Alliance Automation Systems division of
+Gleason Corp &lt;GLE> for an undisclosed amount of cash.
+    It said the Gleason division manufactures automated
+assembly and test systems used in the production of small to
+medium size components for a number of industries, including
+automotive, electronic and appliance.
+    Alliance Automation had 1986 sales of about 35 mln dlrs and
+employs 200.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15415" NEWID="9894">
+<DATE>26-MAR-1987 10:21:38.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1172&#31;reute
+d f BC-SALANT-CORP-&lt;SLT>-1ST   03-26 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALANT CORP &lt;SLT> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    NEW YORK, March 26 -
+    </DATELINE><BODY>Oper shr profit seven cts vs loss 12 cts
+    Oper net profit 216,000 vs loss 401,000
+    Sales 21.4 mln vs 24.9 mln
+    NOTE: Current year net excludes 142,000 dlr tax credit.
+    Company operating in Chapter 11 bankruptcy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15416" NEWID="9895">
+<DATE>26-MAR-1987 10:22:40.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1180&#31;reute
+d f BC-CRAY-&lt;CYR>-INSTALLS-2   03-26 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAY &lt;CYR> INSTALLS 22 MLN DLR COMPUTER</TITLE>
+<DATELINE>    MINNEAPOLIS, March 26 - </DATELINE><BODY>Cray Research Inc said Los Alamos
+National Laboratory in Los Alamos, N.M. installed a Cray
+X-MP/416 supercomputer valued at about 22 mln dlrs.
+    It said the system was installed in the fourth quarter of
+1986 as a lease and converted to a purchase in the first
+quarter of 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15417" NEWID="9896">
+<DATE>26-MAR-1987 10:22:50.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1181&#31;reute
+d f BC-HEALTHMATE-INC-&lt;HMTE>   03-26 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHMATE INC &lt;HMTE> 4TH QTR LOSS</TITLE>
+<DATELINE>    NORTHBROOK, ILL., March 26 -
+    </DATELINE><BODY>Shr loss five cts vs loss six cts
+    Net loss 473,784 vs loss 489,257
+    Revs 268.8 mln vs 81.7 mln
+    Avg shrs 9,245,247 vs 8,035,326
+    Year
+    Shr loss 17 cts vs loss 20 cts
+    Net 1,512,534 vs loss 1,553,592
+    Revs 1,448,310 vs 515,225
+    Avg shrs 8,745,132 vs 7,619,863
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15418" NEWID="9897">
+<DATE>26-MAR-1987 10:23:40.98</DATE>
+<TOPICS><D>trade</D><D>jobs</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>keating</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1186&#31;reute
+h f BC-KEATING-REVISES-DOWN   03-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEATING REVISES DOWN AUSTRALIAN GROWTH FORECAST</TITLE>
+<DATELINE>    CANBERRA, March 26 - </DATELINE><BODY>Treasurer Paul Keating forecast
+economic growth at slightly under two pct in the financial year
+ending June this year, down from the 2.25 pct forecast
+contained in the 1986/87 budget delivered last August.
+    Australia's terms of trade also fell, by 18 pct, over the
+past two years, he told Parliament. Terms of trade are the
+difference between import and export price indexes.
+    Despite the figures, the budget forecast of about 1.75 pct
+annual growth in employment would be met, Keating said.
+    Unemployment is currently at 8.2 pct of the workforce.
+    "This government is dragging Australia through a trading
+holocaust the kind of which we have not seen since the Second
+World War," Keating said.
+    "We are not pushing this place into a recession. We are not
+only holding our gains on unemployment, we are bringing
+unemployment down," he said, adding that the government had help
+the country avoid recession.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15419" NEWID="9898">
+<DATE>26-MAR-1987 10:24:33.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1194&#31;reute
+r f BC-VICON-INDUSTRIES-&lt;VII   03-26 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VICON INDUSTRIES &lt;VII> VOTES STAGGERED BOARD</TITLE>
+<DATELINE>    MELVILLE, N.Y., March 26 - </DATELINE><BODY>Vicon Industries Inc said its
+shareholders approved an amendment to divide its nine-member
+board into three classes with staggered tenures.
+    It also said shareholders expanded the indemnification
+rights of the company's directors and officers.
+    Both actions were taken at the company's annual
+shareholders meeting, Vicon said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15420" NEWID="9899">
+<DATE>26-MAR-1987 10:25:02.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1197&#31;reute
+u f BC-FRENCH-STOCK-BILL-TO   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH STOCK BILL TO BE PRESENTED BEFORE JUNE</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>The French government will present to
+parliament a major bill within two months to overhaul the Paris
+stock market, economics and finance minister Edouard Balladur
+said.
+    Balladur told an Economist conference that on the product
+side, a series of new contracts, including share options and
+forward contracts in European Currency Units (ECUs), would be
+introduced shortly for trading on the Paris bourse.
+    The scope of the new bill, however, was to transform the
+organisation of equity trading, allowing participants both to
+perform a banking role and to trade in equities, he said.
+    "Currently, the French market is based on the Napoleonic
+principle of separation of equity trading and banking. This
+principle has become a dividing, and therefore a weakening,
+factor for the market," Balladur said.
+    He said under the planned new rules, stock brokers,
+currently very specialised and undercapitalised, would be free
+to link up with powerful financial institutions after a
+five-year transition period.
+    Stock brokerages would be subject to legislation similar to
+that in the U.K. And U.S., He said, adding the Paris market
+would actively attempt to attract foreign securities houses.
+    Balladur said the French securities market had enjoyed
+strong growth in the past 10 years, with new share and bond
+issues totalling 430 billion French francs in 1986, compared
+with 53 billion in 1976.
+    New share issues alone totalled 63 billion francs in 1986,
+up 230 pct from the 1985 level of 19 billion francs, he said.
+    Total market capitalisation stood at 3,200 billion francs
+at end-1986, compared with 400 billion 10 years earlier, while
+stock and bond trades were valued at 2,200 billion francs last
+year against 56 billion in 1976, he said.
+    Balladur, who also had private talks with U.K. Prime
+Minister Margaret Thatcher and Chancellor of the Exchequer
+Nigel Lawson, said his government was also preparing a bill to
+liberalise the French insurance sector.
+    Under the proposed rules, an independent regulatory
+insurance commission will be set up. The commission will be
+endowed with powers similar to those of a body set up earlier
+to monitor the banking sector, Balladur said.
+    He said the new bill would also aim to adapt insurance
+regulation to take account of the ever-closer integration of
+all areas of finance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15421" NEWID="9900">
+<DATE>26-MAR-1987 10:25:11.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1198&#31;reute
+u f BC-GERMAN-TAX-CUT-BILL-T   03-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN TAX CUT BILL TO GO BEFORE CABINET APRIL 1</TITLE>
+<DATELINE>    BONN, March 26 - </DATELINE><BODY>The West German Finance Ministry said the
+cabinet will discuss a bill on Wednesday to increase tax cuts
+by an extra 5.2 billion marks next year to a total of 13.7
+billion marks.
+    The additional tax cuts were agreed within the government
+coalition in early March after Finance Minister Gerhard
+Stoltenberg pledged at the six-nation monetary conference in
+Paris in February to increase the size of the 1988 tax cuts.
+    The bill will be presented in parliament at a later,
+unspecified date after the cabinet's deliberations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15422" NEWID="9901">
+<DATE>26-MAR-1987 10:25:44.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1203&#31;reute
+s f BC-NATIONAL-BANC-OF-COMM   03-26 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL BANC OF COMMERCE CO &lt;NBCC> SETS PAYOUT</TITLE>
+<DATELINE>    CHARLESTON, W.Va., March 26 -
+    </DATELINE><BODY>Qtly div 14 cts vs 14 cts prior
+    Pay April Eight
+    Record March 26
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15423" NEWID="9902">
+<DATE>26-MAR-1987 10:26:10.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1207&#31;reute
+s f BC-HARSCO-CORP-&lt;HSC>-SET   03-26 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARSCO CORP &lt;HSC> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    CAMP HILL, Pa., March 26 -
+    </DATELINE><BODY>Qtrly div 25 cts vs 25 cts
+    Pay May 15
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15424" NEWID="9903">
+<DATE>26-MAR-1987 10:27:12.33</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>madagascar</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1210&#31;reute
+d f BC-MADAGASCAR-COCOA-PROD   03-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MADAGASCAR COCOA PRODUCTION ESTIMATED HIGHER</TITLE>
+<DATELINE>    ANTANANARIVO, March 26 - </DATELINE><BODY>Madagascar's cocoa production is
+estimated 13 pct higher this year at 2,720 tonnes, up from
+2,400 in 1986, Agriculture Ministry officials said.
+    This improvement reflects the government's efforts over the
+last seven years to extend existing cocoa plantations and plant
+new higher yielding varieties, particularly at the northern tip
+of the island, they said.
+    Last year, Madagascar exported 2,189 tonnes of high quality
+cocoa, up from 1,624 in 1985, the Trade Ministry said.
+    This year's exports are estimated at 2,400 tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15425" NEWID="9904">
+<DATE>26-MAR-1987 10:27:58.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1216&#31;reute
+u f BC-COMPUTER-ASSOCIATES-&lt;   03-26 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER ASSOCIATES &lt;CA> SETS TWO FOR ONE SPLIT</TITLE>
+<DATELINE>    GARDEN CITY, N.Y., March 26 - </DATELINE><BODY>Computer Associates
+International Inc said its board has declared a two-for-one
+stock split, payable May Seven, record April Seven.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15426" NEWID="9905">
+<DATE>26-MAR-1987 10:28:22.93</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1217&#31;reute
+u f BC-SWISS-NET-CAPITAL-EXP   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS NET CAPITAL EXPORTS RISE IN 1986</TITLE>
+<DATELINE>    ZURICH, March 26 - </DATELINE><BODY>Increased activity by Switzerland's
+banks pushed net capital exports to a provisional 11.7 billion
+francs last year from 10.0 billion in 1985, the National Bank
+said in a pre-publication copy of its annual report.
+    It also said the current account surplus of the Swiss
+balance of payments reached a provisional 13.5 billion francs
+last year, from 12.8 billion in 1985.
+    The National Bank's currency reserves rose by 1.8 billion
+francs, against a 2.8 billion rise in 1985. However, taking
+into accounts effects of the shift in exchange rates, reserves
+actually fell in value by 1.9 billion.
+    The banks' net capital exports climbed to 5.4 billion
+francs, from 5.1 billion in 1985, while capital exports by
+domestic non-banks fell to 5.0 billion from 9.1 billion.
+    The National Bank gave the following figures (1985 in
+brackets)
+    Current Account +13.5 billion (+12.8 in 1985), made up of:
+    Goods                     -7.1 (-8.7)
+    Services                  +10.1 (+9.8)
+    Factor Income             +12.5 (+13.7)
+    Transfers                 -2.0 (-2.0)
+ Capital Account -11.7 billion (-10.0 in 1985) made up of
+    Direct Investment                          N/A  (-6.3)
+    Portfolio Investment                       N/A  (-2.8)
+    Capital Traffic of Banks                  -10.4 (-14.2)
+    Other Capital Traffic Included             N/A  (+5.6)
+    Traffic not Included and Statistical Error N/A  (+7.7)
+    Change in Currency Reserves of the National Bank +1.8
+(+2.8)
+    Interest Income on Foreign Currency        +2.4 (+3.4)
+    Foreign Currency Transactions              -0.6 (-0.6)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15427" NEWID="9906">
+<DATE>26-MAR-1987 10:32:06.33</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1229&#31;reute
+u f BC-/ST-LAWRENCE-SEAWAY-O   03-26 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST LAWRENCE SEAWAY OPENING STILL MARCH 31</TITLE>
+<DATELINE>    CHICAGO, March 26 - </DATELINE><BODY>The St Lawrence Seaway between Lake
+Ontario and Montreal is still scheduled to open for the
+shipping season on March 31, a Seaway official said.
+    The Great Lakes could have been open for traffic earlier
+this month due to the mild Winter, but scheduled repairs to the
+Welland Canal joining Lake Erie with Lake Ontario will keep
+that section closed until the April 1 opening, she said.
+    One lock system in the four-lock Soo Canal joining Lake
+Superior with Huron was opened on the morning of March 22, but
+only three commercial vessels have been locked through so far,
+according to an U.S. Army Corps of Engineers official.
+    The Soo Canal is currently only open for daylight vessel
+movement, with 24 hour movement allowed beginning March 29, she
+added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15428" NEWID="9907">
+<DATE>26-MAR-1987 10:35:36.35</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f1251&#31;reute
+u f BC-DUTCH-GRAIN-LEVY-TEST   03-26 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH GRAIN LEVY TEST CASE TO START IN APRIL</TITLE>
+<DATELINE>    ROTTERDAM, March 26 - </DATELINE><BODY>A large Dutch animal feed compounder
+will begin formal legal proceedings early next month as a test
+case on the way the EC grain co-responsibility levy is applied,
+a spokesman for Dutch grain and feed trade association, Het
+Comite, told Reuters.
+    Het Comite has been co-ordinating national actions against
+alleged distortions caused by currency factors in the levy and,
+since December, has lodged more than 80 individual cases with
+the Business Appeal Court in The Hague.
+    The basic complaint is that the levy does not take account
+of currency cross-rates of exchange and therefore compounders
+in countries with strong currencies may have to pay more in
+their own currency than is paid to them by producers in another
+country.
+    Het Comite has obtained a temporary agreement that
+companies can pay the amount they receive toward the levy
+rather than paying a full guilder amount to the Dutch grain
+commodity board.
+    The spokesman said Het Comite will provide financial and
+legal backing to the test case in the Business Administration
+Court in the Hague. Oral proceedings are to begin on April 10.
+    The spokesman said Het Comite finally selected the company
+for the test case from among the 80 lodged "because the bill
+(the firm) received from the commodity board for payment of the
+levy contained significant currency distortions and involved
+grain from a wide variety of origins." The name of the company
+is not being made public.
+    The Administration Court is not expected to make a final
+ruling on the case in the near future. The Het Comite spokesman
+said it was very likely it would refer questions to the Appeal
+Court in Luxembourg, and "as a result it could easily be another
+nine to 12 months before the matter is finally resolved."
+    Meanwhile, the actions by Dutch animal feed compounders are
+putting pressure on the commodity board to urge the Dutch
+government to follow through on earlier statements and seek a
+complete review in Brussels of the way in which the levy is
+collected, the spokesman said.
+    Het Comite, as a member of FEFAC, the association of
+European animal feed manufacturers, is also a party to actions
+protesting the whole levy in the Luxembourg appeal court.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15429" NEWID="9908">
+<DATE>26-MAR-1987 10:36:32.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D><D>libya</D><D>morocco</D><D>jordan</D><D>yemen-arab-republic</D><D>yemen-demo-republic</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1257&#31;reute
+u f BC-IDB-APPROVES-TRADE,-P   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDB APPROVES TRADE, PROJECT LOANS TO MEMBERS</TITLE>
+<DATELINE>    ISTANBUL, March 26 - </DATELINE><BODY>The Executive Directors of the Islamic
+Development Bank (IDB) approved a total of 115 mln dlrs of
+trade and project financing loans to its member countries in
+the first two days of its meetings here, a bank statement said.
+    Two Turkish iron and steel companies were lent a total of
+14.5 mln dlrs for modernisation projects to be paid over 10
+years with a two-year grace period.
+    Libya is to receive 8.9 mln dlrs for a plant to produce
+concrete blocks, North Yemen 5.5 mln dlrs for roads and
+Maldives 1.8 mln dlrs for school construction.
+    The board approved a 4.2 mln dlrs loan to Benin for the
+construction of the Cotonou port, to be repaid in 25 years with
+a five year grace period, the statement said.
+    The directors also approved 15 mln dlrs of loans each for
+Turkey, Morocco and Jordan, 16 mln dlrs for Algeria, 10 mln
+dlrs for South Yemen, six mln dlrs for Tunisia and 3.1 mln dlrs
+for Malaysia to finance the import of commodities including
+crude oil, petroleum products and basic computer components.
+    The directors are expected to end their meetings later
+today and the IBD Governors will start a two-day annual meeting
+in Istanbul on Saturday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15430" NEWID="9909">
+<DATE>26-MAR-1987 10:39:43.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1277&#31;reute
+r f BC-Z-SEVEN-FUND-SEES-HIG   03-26 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>Z-SEVEN FUND SEES HIGHER 1987 NET</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>&lt;Z-Seven Fund Inc> said it expects to
+earn six dlrs a share in 1987, up from 4.20 dlrs a share in
+1986.
+    The company said the 1986 net earnings were up 30 pct from
+3.22 dlrs in 1985. Net asset value in 1986 rose 35 pct to 16.09
+dlrs a share from 11.89 a year earlier, adjusted for a
+three-for-two stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15431" NEWID="9910">
+<DATE>26-MAR-1987 10:39:57.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>uk</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1279&#31;reute
+h f BC-FRENCH-STOCK-BILL-TO   03-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH STOCK BILL TO BE PRESENTED BEFORE JUNE</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>The French government will present to
+parliament a major bill within two months to overhaul the Paris
+stock market, economics and finance minister Edouard Balladur
+said.
+    Balladur told an Economist conference that on the product
+side, a series of new contracts, including share options and
+forward contracts in European Currency Units (ECUs), would be
+introduced shortly for trading on the Paris bourse.
+    The scope of the new bill, however, was to transform the
+organisation of equity trading, allowing participants both to
+perform a banking role and to trade in equities, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15432" NEWID="9911">
+<DATE>26-MAR-1987 10:44:55.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1296&#31;reute
+u f BC-JAGUAR-OFFERS-NEW-LUX   03-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAGUAR OFFERS NEW LUXURY SEDAN</TITLE>
+<DATELINE>    DETROIT, March 26 - </DATELINE><BODY>Jaguar Cars Inc, a subsidiary of Jaguar
+PLC, said it introduced its new 1988 XJ6 luxury sedan to
+replace its Series III XJ6 sedan.
+    The 40,500-dlr car will be available in showrooms starting
+May four, the company said.
+    Many parts of the XJ6 and the 44,500 dlr Vanden Plas have
+been changed, adding high-tech features. The car has seven
+micro-processors that control its major electrical functions.
+The in-car computer offers a wide array of trip information.
+    The Vanden Plas offers more features than the basic XJ6.
+    Jaguar said it has a "substantial waiting list" for the
+cars in Europe, where it was introduced last October.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15433" NEWID="9912">
+<DATE>26-MAR-1987 10:45:04.71</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1297&#31;reute
+d f BC-SPAIN'S-EMP-PLANS-MTB   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH REFINER PLANS GASOLINE ADDITIVE PLANT</TITLE>
+<DATELINE>    MADRID, March 26 - </DATELINE><BODY>Spain's state refiner Empresa Nacional
+de Petroleo S.A. (EMP) plans to build its second unit for
+production of methyl tertiary butyl ether (MTBE), a gasoline
+additive replacing lead, company sources said.
+    The Coruna-based plant, with an annual capacity of 27,000
+tonnes, and a 55,000-tonnes-per-year facility that EMP will
+start up in Tarragona next year, will make the state refiner
+Spain's biggest producer of MTBE.
+    Petroleos del Norte S.A. (Petronor) runs a 45,000 tonne a
+year plant in Bilbao and Cia Espanola de Petroleos S.A. (Cepsa)
+plans to put a similar unit onstream next year in Algeciras.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15434" NEWID="9913">
+<DATE>26-MAR-1987 10:45:29.24</DATE>
+<TOPICS><D>acq</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1298&#31;reute
+u f BC-WALL-STREET-STOCKS/U.   03-26 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/U.S. OIL COMPANIES</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>British Petroleum Co PLC's
+announcement that its U.S. subsidiary intends to tender for the
+45 pct of Standard Oil Co &lt;SRD> it does not already own,
+catapulted U.S. oil stocks sharply higher this morning, traders
+and analysts said.
+    "It raises the specter of additional consolidation in the
+industry and that is what is boosting the other oils," analyst
+Rosario Ilacqua of L.F. Rothschild said.
+    Sanford Margoshes of Shearson Lehman Brothers said "this
+deal shows that British Petroleum, a conservative investor that
+knows the oil business, is clearly confident in the U.S. oil
+industry, and that shines well on the U.S. companies."
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15435" NEWID="9914">
+<DATE>26-MAR-1987 10:47:56.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1305&#31;reute
+u f BC-ROY-F.-WESTON-INC-&lt;WS   03-26 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROY F. WESTON INC &lt;WSTNA> 4TH QTR NET</TITLE>
+<DATELINE>    WEST CHESTER, Pa., March 26 -
+    </DATELINE><BODY>Shr 15 cts vs 11 cts
+    Net 900,334 vs 482,705
+    Revs 28.7 mln vs 18.8 mln
+    Avg shrs 6,195,527 vs 4,551,105
+    Shr 51 cts vs 31 cts
+    Net 2,713,912 vs 1,402,696
+    Revs 98.7 mln vs 67.9 mln
+    Avg shrs 5,369,833 vs 4,551,105
+    NOTE: Share adjusted for three-for-two stock split
+effecitive March 2, 1987.
+    Weston said earnings for the firstg quarter will be about
+flat due to the recent substantial addition of management and
+technical staff and an expansion in the Southeastern and
+Northwestern U.S.
+    The company said full-year earnings and revenues are
+expected to be higher.  The company today reported 1986
+earnings of 2,713,912 dlrs, up from 1,402,696 dlrs in 1985, and
+revenues of 98.7 mln dlrs, up from 67.9 mln dlrs.
+    Weston earned 492,000 dlrs in last year's first quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15436" NEWID="9915">
+<DATE>26-MAR-1987 10:48:40.90</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1310&#31;reute
+r f BC-MOBIL-&lt;MOB>-TO-UPGRAD   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> TO UPGRADE REFINERY UNIT</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Mobil Corp said it will spend over 30
+mln dlrs to upgrade a gasoline-producing unit at its Beaumont,
+Texas, refinery.
+    It said the unit is a catalytic reformer, which converts
+low-octane components of gasoline into high-octane components
+for use in Super Unleaded gasoline.
+    The company said the modernization will allow the unit to
+regenerate catalysts on a continuous basis without shutdown.
+Currently, it must be shut twice a year.  The unit produces
+46,000 barrels of gasoline components a year.  Construction
+will start late this year, with completion set for mid-1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15437" NEWID="9916">
+<DATE>26-MAR-1987 10:49:07.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1312&#31;reute
+r f BC-WARNER-LAMBERT-&lt;WLA>   03-26 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARNER-LAMBERT &lt;WLA> SUES MASON DISTRIBUTORS</TITLE>
+<DATELINE>    MORRIS PLAINS, N.J., March 26 - </DATELINE><BODY>Warner-Lambert Co said it
+has filed suit in U.S. District Court in New Jersey against
+&lt;Mason Distributors Inc>, alleging unfair competition.
+    It said the suit results from Mason's distribution of
+children's allergy medicine in packages allegedly resembling
+those of Warner-Lambert's Benadryl capsules and elixir.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15438" NEWID="9917">
+<DATE>26-MAR-1987 10:49:31.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1315&#31;reute
+r f BC-NOVA-&lt;NOVX>-TO-GET-BR   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVA &lt;NOVX> TO GET BRADYKININ ANTAGONIST PATENT</TITLE>
+<DATELINE>    BALTIMORE, March 26 - </DATELINE><BODY>Nova Pharmaceutical Corp said the
+U.S. Patent Office has allowed its patent for bradykinin
+antagonist drugs. Nova said patents have also been filed in
+other countries worldwide.
+    It said it has the exclusive worldwide rights to these
+patents for the first bradykinin blocking drugs being developed
+as topical pain relievers and in nasal spry form for treating
+common cold symptoms.
+    Nova said Bradykinin is the most powerful paing-producing
+substance in the body and is considered, based on scientific
+evidence, to be the initial stimulus of pain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15439" NEWID="9918">
+<DATE>26-MAR-1987 10:50:03.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1318&#31;reute
+r f BC-BLOCKBUSTER-&lt;BBEC>-TO   03-26 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLOCKBUSTER &lt;BBEC> TO ACQUIRE LICENSEE</TITLE>
+<DATELINE>    DALLAS, March 26 - </DATELINE><BODY>Blockbuster Entertainment Corp said it
+agreed to buy &lt;Southern Video>, a Blockbuster licensee in San
+Antonio.
+    Blockbuster said it will issue 80,460 shares of its common
+stock for all the net assets of Southern Video.
+    The company said after the acquisition is complete, it
+intends to open additional Blockbuster Video Superstores in the
+San Antonio market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15440" NEWID="9919">
+<DATE>26-MAR-1987 10:50:53.78</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1322&#31;reute
+b f BC-BRAZIL-SOYBEAN-HARVES   03-26 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SOY HARVEST 13 PCT COMPLETE - NEWSLETTER</TITLE>
+<DATELINE>    ****SAO PAULO, March 26 - </DATELINE><BODY>Brazil's soybean harvest was 13
+pct complete by March 20, the Safras e Mercado newsletter said.
+    This compares with an historic average for this time of
+year of 20 pct.
+    The newsletter gave the following figures for the progress
+of the harvest in the main producer states:
+    Parana: 40 pct
+    Mato Grosso do Sul: 15 pct
+    Mato Grosso: five pct
+    Rio Grande do Sul: two pct
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15441" NEWID="9920">
+<DATE>26-MAR-1987 10:51:46.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1327&#31;reute
+d f BC-CONTEL-&lt;CTC>-TO-BUY-W   03-26 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTEL &lt;CTC> TO BUY WALKER COUNTY TELEPHONE</TITLE>
+<DATELINE>    ATLANTA, March 26 - </DATELINE><BODY>Contel Corp said it has agreed in
+principle to acquire &lt;Walker County Telephone Co> of LaFayette,
+Ga., for an undisclosed amount of common stock.
+    Walker has 7,600 customers in northeast Georgia.
+    The company said the agreement is subject to approval by
+regulatory agencies, both boards and Walker shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15442" NEWID="9921">
+<DATE>26-MAR-1987 10:51:57.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1328&#31;reute
+d f BC-COMPUDYNE-&lt;CDC>-SEES   03-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUDYNE &lt;CDC> SEES COSTS FROM CLEAN-UP STUDY</TITLE>
+<DATELINE>    ANNAPOLIS, Maryland, March 26 - </DATELINE><BODY>CompuDyne Corp said its
+Robintech Inc unit expects to spend 300,000 to 350,000 dlrs on
+a study of a former plant site requested by the U.S.
+Environmental Protection Agency, EPA.
+    The company said another potentially responsible party was
+also asked to share in the study. The plant, in Vestal, N.Y.,
+has been designated as a Superfund site by the EPA.
+    While its responsibility has not been established, it said
+the study will determine what remedial action may be needed at
+the site.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15443" NEWID="9922">
+<DATE>26-MAR-1987 10:54:17.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1335&#31;reute
+u f BC-REUTERS-TO-CARRY-SEAQ   03-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS TO CARRY SEAQ TWO-WAY U.K. SHARE QUOTES</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Reuters Holdings Plc &lt;RTRS.L> said it
+had reached agreement with the London-based International Stock
+Exchange on the distribution of two-way British domestic share
+quotations from the Stock Exchange Automated Quotation System
+(SEAQ) via the Reuter worldwide information network.
+    The company said in a statement the agreement covered SEAQ
+Level-2, which provides buy and sell price quotations from 31
+individual market makers in domestic U.K. Equities.
+    Reuters said it will begin carrying the quotes for all 101
+Alpha stocks, leading U.K. Shares, within the next few weeks.
+    The SEAQ investor service, which displays indications of
+market prices for U.K. Shares without identifying market
+makers, has been available on the Reuter network since the "Big
+Bang" deregulation of the London stock market last October.
+    The SEAQ level-2 service will be available on one-month
+trial to subscribers to the Reuter International Equities
+Service and to the Reuter U.K. Investment Service, prior to the
+imposition of Stock Exchange fees, the company said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15444" NEWID="9923">
+<DATE>26-MAR-1987 10:55:04.23</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1338&#31;reute
+b f BC-/MULFORD-SAYS-G-6-WAN   03-26 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULFORD SAYS G-6 WANTS STABILITY</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Treasury Assistant Secretary David
+Mulford said the Paris agreement among leading industrial
+nations is intended to produce "reasonable stability" in exchange
+markets over the next few months.
+    He told a Senate Banking subcommittee the Group of Five
+nations and Canada agreed in Paris to "see if there can't be a
+period of reasonable stability instead of volatility" to give
+time for the committments in Paris to take place.
+    Asked by Sen Phil Gramm (R-Tex) whether U.S. intervention
+was not in fact overvaluing the dollar, Mulford replied that
+the administration judged that after economic adjustments,
+current exchange rates reflect underlying economic
+fundamentals.
+    In particular, the stability sought by the nations would
+allow West Germany and Japan to stimulate their economies
+domestically and the U.S. to cut its budget deficit, Mulford
+said in his testimony.
+    He stressed that a further sharp fall in the dollar would
+hurt the ability of Germany and Japan to boost growth.
+    Mulford noted that half of West Germany's economy was
+affected by international developments.
+    He also said increased Japanese domestic growth would
+result in more U.S. exports to Japan and would not necessarily
+lead to greater Japanese capital flows to the U.S., as Gramm
+asserted, if Japan reformed its domestic capital market.
+    Commenting on the Paris agreement, Mulford said, "I think
+exchange rates ought to be stabilized so (Germany's and
+Japan's) efforts can be carried out.
+    Mulford rejected Gramm's argument that faster domestic
+growth in Germany and Japan would result in an even lower
+dollar.
+    Mulford said the administration wanted to achieve a pattern
+of higher growth overseas as a way of improving the U.S. trade
+deficit.
+    Otherwise, he said, the trade deficit would be resolved
+either through a much lower dollar or a U.S. recession, both
+alternatives he termed unacceptable and undesirable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15445" NEWID="9924">
+<DATE>26-MAR-1987 10:55:46.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1341&#31;reute
+r f BC-SYMBOL-TECHNOLOGIES-&lt;   03-26 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYMBOL TECHNOLOGIES &lt;SMBL> GETS CONTRACT</TITLE>
+<DATELINE>    BOHEMIA, N.Y., March 26 - </DATELINE><BODY>Symbol Technologies Inc said it
+has received an order worth over five mln dlrs to install its
+LS-7000 hand-held laser scanners and related equipment in all
+271 U.S. Toys "R" Us Inc &lt;TOY> stores by the end of calendar
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15446" NEWID="9925">
+<DATE>26-MAR-1987 10:55:54.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1342&#31;reute
+r f BC-THERMO-PROCESS-&lt;TPSI>   03-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERMO PROCESS &lt;TPSI> COMPLETES ACQUSITION</TITLE>
+<DATELINE>    WALTHAM, Mass, March 26 - </DATELINE><BODY>Thermo Process Systems Inc said
+it completed its purchase of Thermo Process Services Inc, a
+subsidiary of Thermo Electron Corp &lt;TMO>.
+    Thermo Process Systems said it issued 2,590,000 shares of
+its common stock to Thermo Electron in connection with the
+sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15447" NEWID="9926">
+<DATE>26-MAR-1987 10:57:45.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1348&#31;reute
+d f BC-SIEMENS-RAISES-STAKE   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIEMENS RAISES STAKE IN TELECOM PLUS OF U.S.</TITLE>
+<DATELINE>    MUNICH, West Germany, March 26 - </DATELINE><BODY>Siemens AG's &lt;SIEG.F>
+fully-owned subsidiary Siemens Informations Systems Inc. Has
+raised its stake in Telecom Plus Communications Inc. By 65 pct
+to 100 pct, a Siemens spokesman said.
+    He added that Telecom Plus Communications was the largest
+independent supplier of telephone exchange systems in the U.S.
+And had achieved a turnover of 234 mln dlrs in 1986.
+   The stake had been acquired from Telecom Plus International
+Inc. The spokesman declined to comment on U.S. Newspaper
+reports that the purchase price of the remaining stake totalled
+173 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15448" NEWID="9927">
+<DATE>26-MAR-1987 11:07:04.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1381&#31;reute
+r f BC-FRUEHAUF-POSTS-20.3-M   03-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRUEHAUF POSTS 20.3 MLN DLR 1986 LOSS</TITLE>
+<DATELINE>    DETROIT, March 26 - </DATELINE><BODY>Fruehauf Corp, which went private in
+December through a leveraged buyout, said the predecessor
+company had a 1986 loss of 60.9 mln dlrs compared to earnings
+of 70.5 mln dlrs in 1985.
+    Sales of the predecessor company were 2.68 billion dlrs
+compared to 2.56 billion dlrs in 1985, including the sales by
+the operations which are divestiture candidates.
+    Fruehauf said in connection with the buyout acquisition,
+the predecessor company incurred about 97 mln dlrs in expenses
+charged against 1986 operations.
+    In addition to the direct expenses, Fruehauf said operating
+results were adversely affected by an unquantifiable amount due
+to the disruption related to a proxy contest and attempted
+hostile takeover which started in early 1986.
+    Fruehauf said its board rescheduled the annual meeting to
+June 18 from May 7 to allow for completion and distribution of
+the 1986 results to shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15449" NEWID="9928">
+<DATE>26-MAR-1987 11:07:41.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1385&#31;reute
+r f BC-MICHIGAN-GENERAL-&lt;MGL   03-26 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICHIGAN GENERAL &lt;MGL> TO SELL KRESTMARK UNIT</TITLE>
+<DATELINE>    SADDLE BROOK, N.J., March 26 - </DATELINE><BODY>Michigan General Corp said
+it agreed to sell substantially all of the assets and certain
+liabilities of its Krestmark subsidiaries to LCB Holdings Inc
+for 6.5 mln dlrs cash.
+    Sale of Texas-based Krestmark, a maker of doors, door
+frames and other products, will allow Michigan General to
+concentrate on retailing through its Diamond Lumber and
+Savannah Wholesale units.
+    Proceeds of the sale will be used to reduce debt. The deal
+is subject to execution of a definitive agreement.
+    Krestmark had revenues of about 40 mln dlrs and operating
+losses of three mln dlrs in 1986, the company said. It has been
+accounted for as a discontinued operation since last September.
+    Dallas-based LCB is a privately-held maker of structural
+steel joists and rack and storage handling systems.
+    Michigan General also said its Diamond Lumber homebuilding
+products retail unit closed nine unprofitable stores in the
+first quarter and reduced its headquarters staff by 10 pct. The
+nine closed stores, which had pretax operating losses of 1.7
+mln dlrs in 1986, are being sold to provide cash for
+operations.
+    About 4.5 mln dlrs of inventory from the stores is being
+transferred to other locations, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15450" NEWID="9929">
+<DATE>26-MAR-1987 11:09:00.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1392&#31;reute
+r f BC-RABBIT-SOFTWARE-&lt;RABT   03-26 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RABBIT SOFTWARE &lt;RABT> TO MERGE WITH CTI DATA</TITLE>
+<DATELINE>    MALVERN, Penn., March 26 - </DATELINE><BODY>Rabbit Software Corp said it
+agreed in principle to merge with &lt;CTI Data Inc>, a privately
+owned communications company.
+    According to terms, CTI holders and employees will receive
+200,000 shares of Rabbit stock and royalties on sales of CTI
+Products. CTI will become a wholly owned subsidiary of Rabbit.
+    The deal is subject to completion of a definitive merger
+agreement, receipt of third party approvals and other
+conditions, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15451" NEWID="9930">
+<DATE>26-MAR-1987 11:09:16.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1394&#31;reute
+r f BC-COMSTOCK-GROUP-INC-&lt;C   03-26 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMSTOCK GROUP INC &lt;CSTK> 4TH QTR LOSS</TITLE>
+<DATELINE>    DANBURY, Conn., March 26 -
+    </DATELINE><BODY>Shr loss 60 cts vs loss 43 cts
+    Net loss 3,012,000 vs loss 2,114,000
+    Revs 102.8 mln vs 134.9 mln
+    Year
+    Shr loss 1.48 dlr vs loss four cts
+    Net loss 7,338,000 vs loss 180,000
+    Revs 354.9 mln vs 469.2 mln
+    NOTE: 1986 4th qtr and year net includes a loss of 623,000
+dlrs and a gain 1,910,000 dlrs or 39 cts per share for an
+extraordinary item.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15452" NEWID="9931">
+<DATE>26-MAR-1987 11:09:29.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1395&#31;reute
+r f BC-TIME-&lt;TL>-SINKING-FUN   03-26 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIME &lt;TL> SINKING FUND DEBENTURES YIELD 8.84 PCT</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Time Inc is raising 250 mln dlrs via
+an offering of sinking fund debentures due 2017 yielding 8.84
+pct, said lead manager Salomon Brothers Inc.
+    The debentures have an 8-3/4 pct coupon and were priced at
+99.055 to yield 115 basis points over the off-the-run 9-1/4 pct
+Treasury bonds of 2016. First Boston co-managed the deal.
+    The issue is non-refundable for 10 years. A sinking fund
+starting in 1998 to retire annually five pct of the debentures
+can be upped by 200 pct at the company's option, giving them an
+estimated minimum life of 13.85 years and maximum of 20.5
+years. The debt is rated Aa-3 by Moody's and A-plus by S/P.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15453" NEWID="9932">
+<DATE>26-MAR-1987 11:09:44.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1398&#31;reute
+r f BC-MITSUBISHI-UNIT-TO-SU   03-26 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI UNIT TO SUPPLY CELLULAR TELEPHONE SYSTEMS</TITLE>
+<DATELINE>    LAKE MARY, Fla., March 26 - </DATELINE><BODY>ASTRONET Corp, which is jointly
+owned by &lt;Mitsubishi Corp> and &lt;Stromberg-Carlson Corp>  said
+it entered into three separate agreements to supply cellular
+telephone systems in Roanoke, Va.; Montgomery, Ala.; and San
+Angelo, Texas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15454" NEWID="9933">
+<DATE>26-MAR-1987 11:10:43.13</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1402&#31;reute
+b f BC-/U.S.-SENATE-HITS-EC   03-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE HITS EC OILS TAX, VOWS RETALIATION</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The Senate voted to condemn the
+proposed European common market tax on vegetable and marine
+fats and oils and said it would result in retaliation.
+    The non-binding Senate resolution, a sense of Senate
+sentiment, was approved on a 99 to 0 vote.
+    "The administration should communicate to the European
+Community the message that the United States will view the
+establishment of such a tax as inconsistent with the European
+Community's obligations under the General Agreement on Tariffs
+and Trade that will result in the adoption of strong and
+immediate countermeasures," the resolution stated.
+    The resolution said the European Community Commission has
+proposed establishing a consumption tax on vegetable and fish
+oils and fats in conjunction with the setting of farm prices
+for the 1987/1988 EC marketing year.
+    The Senate said the tax would amount to almost 90 pct of
+the current price of soyoil and "have a restrictive effect" on
+U.S. exports of soybeans and vegetable oils to the EC.
+    It would be "blatantly inconsistent" with obligations of the
+EC under the General Agreement on Tariffs and Trade, GATT, the
+resolution said, and "constitute another egregious attempt" to
+impose EC agricultural costs on trading partners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15455" NEWID="9934">
+<DATE>26-MAR-1987 11:10:45.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1403&#31;reute
+b f BC-******HEALTHMATE-INC   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HEALTHMATE INC SAYS AUDITORS INTEND TO QUALIFY ITS FINANCIAL STATEMENTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15456" NEWID="9935">
+<DATE>26-MAR-1987 11:12:45.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1412&#31;reute
+r f BC-SWEDISH-BANK,-U.S.-FI   03-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH BANK, U.S. FIRM PLAN U.K. STOCK VENTURE</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Sweden's Skandinaviska Enskilda Banken
+said it will set up a joint venture in London with U.S.
+brokerage firm Equitable Securities Corp of Nashville, Tenn.,
+for the sale of U.S. equities in Europe.
+    S-E Bank's managing director Jacob Palmstierna told a press
+briefing that the joint venture, called Equitable Enskilda
+Securities Ltd, will be established next month.
+    S-E Bank bought a 4.9 pct stake in Equitable Securities
+about two weeks ago. Equitable's role in the joint venture will
+include provision of research on firms in the south-east United
+States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15457" NEWID="9936">
+<DATE>26-MAR-1987 11:13:00.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1414&#31;reute
+s f BC-HARSCO-CORP-&lt;HSC>-SET   03-26 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARSCO CORP &lt;HSC> SETS QUARTERLY</TITLE>
+<DATELINE>    HARRISBURG, Pa., March 26 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay May 15
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15458" NEWID="9937">
+<DATE>26-MAR-1987 11:13:11.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1415&#31;reute
+d f BC-MILASTAR-CORP-&lt;MILA>   03-26 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILASTAR CORP &lt;MILA> 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    PALM BEACH, Fla., March 26 -
+    </DATELINE><BODY>Shr loss two cts vs loss four cts
+    Net loss 44,000 vs loss 85,000
+    Sales 370,000 vs 299,000
+    Nine mths
+    Shr loss seven cts vs loss three cts
+    Net loss 134,000 vs loss 56,000
+    Sales 1,211,000 vs 1,069,000
+    NOTE: Prior nine mths net includes 10,000 dlr loss on sale
+of marketable securities.
+    Prior quarter net includes 1,000 dlr tax credit.
+    Current year net includes provisions for loss on investment
+in preferred stock of 4,000 dlrs in quarter and 15,000 dlrs in
+nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15459" NEWID="9938">
+<DATE>26-MAR-1987 11:13:17.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1416&#31;reute
+d f BC-BDM-&lt;BDM>-GETSW-ARMY   03-26 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BDM &lt;BDM> GETSW ARMY CONTRACT</TITLE>
+<DATELINE>    MCLEAN, Va., March 26 - </DATELINE><BODY>BDM International Inc said it has
+received a U.S. Army contract with a base year value of
+1,400,000 dlrs to support the plans and operations staff of the
+U.S. Army Joint Readiness Training Center, based at Little Rock
+Air Force Base.
+    The company said with three option years, total value would
+be about 7,200,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15460" NEWID="9939">
+<DATE>26-MAR-1987 11:15:43.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1425&#31;reute
+f f BC-******bank-of-boston   03-26 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF BOSTON EXPECTS 1ST QTR EARNINGS FROM 90 CTS TO 1.00 DLRS/SHR VS 79 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15461" NEWID="9940">
+<DATE>26-MAR-1987 11:20:53.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f1440&#31;reute
+b f BC-BANK-OF-BOSTON-&lt;BKB>   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF BOSTON &lt;BKB> SEES IMPROVED 1ST QUARTER</TITLE>
+<DATELINE>    BOSTON, March 26 - </DATELINE><BODY>Bank of Boston Corp expects first
+quarter earnings will range between 90 cts and one dlr a share,
+up from 79 cts a share last year, Chairman William Brown said.
+    He told shareholders the company has a 190 mln dlr exposure
+in loans to Brazil if that country defaults on its debt
+payments. If a default does occur, it would first quarter
+earnings by about five cts a share, which would bring the
+bank's in the lower level of the estimated range, he added.
+    Brown noted the 1986 first quarter net included a 17 cts
+gain from loan restructurings which will not appear this year.
+    Brown said the bank's other nonperforming assets, not
+including its Brazilian exposure, could rise to over 700 mln
+dlrs at the end of this quarter compared with 669 mln dlrs a
+year earlier and 614 mln dlrs at the end of 1986.
+    He said the increase includes all of its Equadorian loans
+which he expects will be ultimately repaid after the company
+recovers from an earthquake earlier this year.
+    Brown said the increase also includes some Mexican and
+Venezuelan loans as those nations are also facing credit
+problems.
+    Brown said the Bank of Boston remains "cautiously optimitic
+about the full year even if our Brazilian exposure were to be
+on nonaccural all year." In 1986, the bank earned 3.69 dlrs a
+share, or 232.8 mln dlrs on net interest revenues of 1.08
+billion dlrs.
+    President Ira Stepanian told the shareholders's meeting the
+bank's total loans to Argentina, Brazil and Mexico totaled 875
+mln dlrs at the end of 1986, 37 pct of its primary capital.
+Brazil loans total 300 mln dlrs, of which about two-thirds are
+affected by its suspension of interest payments on its medium
+and long term foreign debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15462" NEWID="9941">
+<DATE>26-MAR-1987 11:21:52.57</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>libya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1447&#31;reute
+b f BC-LIBYA-REPORTEDLY-BOUG   03-26 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBYA REPORTEDLY BOUGHT WHITE SUGAR</TITLE>
+<DATELINE>    ****LONDON, March 26 - </DATELINE><BODY>Libya is reported to have recently
+bought two cargoes of white sugar from operators at around
+229/230 dlrs a tonne cost and freight, traders said.
+    The shipment period required was not specified.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15463" NEWID="9942">
+<DATE>26-MAR-1987 11:22:33.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1451&#31;reute
+f f BC-******USAIR-GETS-APPR   03-26 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USAIR GETS APPROVAL TO BUY 9,309,394 PIEDMONT SHARES IN TENDER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15464" NEWID="9943">
+<DATE>26-MAR-1987 11:23:26.67</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1454&#31;reute
+b f BC-/-FED-EXPECTED-TO-ADD   03-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD RESERVES</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>The Federal Reserve is expected to
+enter the U.S. government securities market to add reserves
+during its usual intervention period today, economists said.
+    With federal funds trading at a steady 6-3/16 pct, most
+economists expect an indirect injection of temporary reserves
+via a medium-sized round of customer repurchase agreements.
+    However, some economists said the Fed may arrange more
+aggressive system repurchase agreements.
+    Economists would also not rule out an outright bill pass
+early this afternoon. Such action had been widely anticipated
+yesterday but failed to materialize.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15465" NEWID="9944">
+<DATE>26-MAR-1987 11:24:17.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1455&#31;reute
+u f BC-WRIGHT-SAYS-HOUSE-BUD   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WRIGHT SAYS HOUSE BUDGET COMMITTEE ON TARGET</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>House Speaker Jim Wright, D-Texas,
+said House Budget Committee Democrats were on target to reach
+budget deficit reduction goals with a plan for 18 billion dlrs
+in new revenues and 18 billion dlrs in additional budget cuts.
+    "We're right on target," Wright told reporters. "The cuts are
+real cuts. The revenues would be real revenues."
+    Wright said it would be up to Congress to come up with the
+new revenues. President Reagan says he will veto any
+legislation which raises taxes.
+    Wright said the budget plan may come up in the House next
+week. Republicans are expected to offer an alternative budget.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15466" NEWID="9945">
+<DATE>26-MAR-1987 11:26:01.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1462&#31;reute
+r f BC-GE-&lt;GE>-CREDIT-SUES-P   03-26 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> CREDIT SUES PHOENIX FINANCIAL &lt;PHFC></TITLE>
+<DATELINE>    MEDFORD, N.J., MARCH 26 - </DATELINE><BODY>Phoenix Financial Corp said it
+was sued by General Electric Credit Corp, a unit of General
+Electric Co, for breach of warranties and representations.
+    The warranties are connected with leases the company said
+it sold to GE Credit in June 1985. GE is asking the company to
+buy back leases totaling 829,000 dlrs.
+    The company said there were no breach of warranties, but it
+added it is in the process of reviewing the complaint and
+preparing an answer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15489" NEWID="9946">
+<DATE>26-MAR-1987 11:26:44.94</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1464&#31;reute
+u f BC-DOLLAR/YEN-INTERVENTI   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR/YEN INTERVENTION RESPONDS TO PRESSURE</TITLE>
+<AUTHOR>    By Brian Childs, Reuters</AUTHOR>
+<DATELINE>    PARIS, March 26 - </DATELINE><BODY>The Bank of France intervened to buy
+small amounts of dollars and sell yen in Paris today to
+stabilise the exchange rates agreed at last month's meeting of
+Finance Ministers of the Group of Five and Canada, foreign
+exchange dealers said.
+    But they said recent central bank intervention in the
+foreign exchange markets appeared to be a limited reaction to
+temporary pressures rather than a major defence operation.
+    A Bank of France spokesman declined all comment but sources
+close to the central bank said it had also intervened
+yesterday.
+    Dealers said the earlier intervention was in concert with
+the Bundesbank and Bank of Japan.
+    The sources said the French central bank could have been in
+the market again today in two-way operations, not necessarily
+on its own account, but to counter short-term pressures arising
+from the end of the Japanese financial year on March 31.
+    One major French bank said it bought between five and 15
+mln dlrs for the central bank and sold yen at 149.28 to the
+dollar.
+    Another bank said it had been asked by the Bank of France
+to say it was in the market, a departure from the central
+bank's usual insistence on confidentiality.
+    But other banks said they had seen no sign of intervention,
+which they said appeared to be on a very limited scale.
+    "Even if 10 banks were buying five to 15 mln dlrs, you would
+still be talking of a small overall amount," said one dealer.
+    Recent intervention by the Bank of Japan appeared mainly to
+have been required to meet year-end window dressing demand for
+yen. "This is a specific short term phenomenon rather than a
+wider trend," the dealer said.
+    Operators have been extremely cautious about testing the
+dollar's trading ranges against the West German mark and
+Japanese yen.
+    These ranges were set in February's stabilisation agreement
+reached here by U.S. Treasury Secretary James Baker and the
+Finance Ministers of Japan, Germany, France, Britain and
+Canada.
+    But speculative pressures started to build again this week
+after Baker was quoted on British television at the weekend as
+repeating earlier statements that Washington had no target for
+the dollar.
+    Baker yesterday moved to defuse speculation he was talking
+the dollar down, telling a Cable News Network interviewer and a
+Senate committee he stood by the Paris agreement. Foreign
+exchange markets had been misreading his comments, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15467" NEWID="9947">
+<DATE>26-MAR-1987 11:26:56.23</DATE>
+<TOPICS><D>acq</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1465&#31;reute
+u f BC-WALL-STREET-STOCKS/U.   03-26 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/U.S. OIL COMPANIES</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>British Petroleum Co PLC's
+announcement that its U.S. subsidiary intends to tender for the
+45 pct of Standard Oil Co &lt;SRD> it does not already own,
+catapulted U.S. oil stocks sharply higher this morning, traders
+and analysts said.
+    "It raises the specter of additional consolidation in the
+industry and that is what is boosting the other oils," analyst
+Rosario Ilacqua of L.F. Rothschild said.
+    Sanford Margoshes of Shearson Lehman Brothers said "this
+deal shows that British Petroleum, a conservative investor that
+knows the oil business, is clearly confident in the U.S. oil
+industry, and that shines well on the U.S. companies."
+    Philips Petroleum &lt;P> gained 3/4 to 15-7/8, Occidental
+Petroleum &lt;OXY> one to 34-5/8, USX Corp &lt;X>, with its Marathon
+Oil Co unit, rose 1/2 to 28-3/8. Exxon &lt;XON> climbed one to
+88-3/8, Mobil &lt;MOB> one to 50-1/4, Atlantic Richfield &lt;ARC>
+3-1/8 to 80-1/2, Amoco &lt;AN> 1-7/8 to 84-1/8, and Amerada Hess
+one to 33-5/8. BP gained 2-3/8 to 59-3/4.
+    Both analysts said the rise in Standard's price this
+morning to above the proposed tender price of 70 dlrs a share,
+is an indication that investors expect the bid to be sweetened.
+Standard gained 6-3/4 to 71-5/8.
+    The analysts cited Royal Dutch/Shell Group's &lt;RD> &lt;SC> bid
+for Shell Oil Co, which was sweetened before its successful
+conclusion.
+    Margoshes said the BP action "is an articulation of the
+underlying value of oil companies in the marketplace." But he
+expressed skepticism that this will necessarily lead to
+heightened merger or buyout activity in the oil group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15468" NEWID="9948">
+<DATE>26-MAR-1987 11:27:45.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1470&#31;reute
+f f BC-******MULFORD-SAYS-GE   03-26 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MULFORD SAYS GERMANY, JAPAN HAVE NOT YET LIVED UP TO INTERNATIONAL COMMITMENTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15469" NEWID="9949">
+<DATE>26-MAR-1987 11:28:23.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1474&#31;reute
+r f BC-ORIENTAL-FEDERAL-INIT   03-26 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORIENTAL FEDERAL INITIAL OFFERING UNDER WAY</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Oriental Federal Savings Bank of
+Humacao, Puerto Rico, said an initial public offering of
+656,819 common shares is under way at 11.50 dlrs per share.
+    The company issued a total of 1,075,000 shares in
+converting from mutual form, with other shares sold in a
+subscription offering.  Lead underwriter is &lt;Drexel Burnham
+Lambert Inc>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15470" NEWID="9950">
+<DATE>26-MAR-1987 11:28:56.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1477&#31;reute
+u f BC-FARMERS-COMMODITIES-T   03-26 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARMERS COMMODITIES TO CLEAR FUTURES FOR CO-OPS</TITLE>
+<DATELINE>    CHICAGO, March 26 - </DATELINE><BODY>Farmers Commodities of Des Moines,
+Iowa, has taken steps to become a clearing member of the
+Chicago Board of Trade for farm cooperatives that currently
+trade through Illnois Cooperative Futures Co.
+    Hal Richards, president of Farmers Commodities, said the
+company already has bought a membership at the futures exchange
+and has applied for clearing status.
+    He said the company is attempting to become the clearing
+company for the members of Illinois Coop after they voted to
+dissolve the company Wednesday.
+    Illinois Coop will cease operating April 24.
+    Richards declined to say how many of the Illinois Coop
+members were considering joining Farmers, but he said the
+number was "significant."
+    He said he was recruiting the staff of Illinois Coop,
+including Al Evans, back office manager.
+    Richards said Farmers Commodities was the largest member of
+Illinois Coop, and its 700 members felt that the coop should
+retain a clearing membership at the board.
+    "It allows us to get better quality execution," he said.
+    "Anyone who wants to join our clearing corporation in the
+cooperative system, we'll invite them to join us.
+    "I think we'll attract others to us because it's our intent
+to pass the profit back on to the individual members," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15471" NEWID="9951">
+<DATE>26-MAR-1987 11:29:16.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1479&#31;reute
+r f BC-FRANK-B.-HALL-&lt;FBH>-D   03-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANK B. HALL &lt;FBH> DEBT MAY BE CUT BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade about 65 mln dlrs of Frank B. Hall and Co Inc's
+B-1 subordinated notes.
+    Moody's said its focus will be on Hall's brokerage business
+and contingent liabilities associated with the unit Union
+Indemnity Insurance Co.
+    The agency cited a 140 mln dlr lawsuit by the New York
+State Insurance Department against Hall in connection with the
+insolvency of the Union Indemnity subsidiary, which was
+liquidated by New York Insurance in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15472" NEWID="9952">
+<DATE>26-MAR-1987 11:29:33.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1482&#31;reute
+r f BC-norcen-sees   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORCEN SEES IMPROVEMENT IN 1987 EARNINGS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 26 - </DATELINE><BODY>&lt;Norcen Energy Resources Ltd>,
+41 pct owned by &lt;Hees International Corp>, said earnings and
+cash flow will improve in 1987, even if oil and gas prices
+remain at 1986 levels.
+    The improvement will result from production increases,
+lower taxes and royalties, reduced financing costs and from
+operating efficiencies and downsizing put into place during
+1986, the company said in the annual report.
+    Norcen previously reported 1986 earnings, excluding a 20.1
+mln dlr writeoff, declined by 58 pct to 50.0 mln dlrs from
+119.7 mln dlrs in in 1985.
+    Norcen's 1986 cash flow fell 10 pct to 204.9 mln dlrs from
+228.9 mln dlrs in the prior year.
+    It said the sharp decline in oil prices during 1986 was the
+most significant factor for Norcen's reduced performance.
+    "While financial results are far from the previous year's
+record levels, it is clear that Norcen has withstood declining
+prices and remains financially and operationally strong," Norcen
+said. It did not give a specific 1987 profit forecast.
+    The company said it is well positioned to capitalize on
+profitable opportunities in its core business areas, and will
+continue to invest to increase revenue and asset values.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15500" NEWID="9953">
+<DATE>26-MAR-1987 11:29:43.33</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1483&#31;reute
+b f BC-COCOA-COUNCIL-HEAD-TO   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA COUNCIL HEAD TO PRESENT BUFFER COMPROMISE</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>International Cocoa Organization, ICCO,
+council chairman Denis Bra Kanon will present a compromise
+proposal on buffer stock rules to producer and consumer
+delegates either later today or tomorrow morning, delegates
+said.
+    Bra Kanon held private bilateral consultations with major
+producers and consumers this morning to resolve outstanding
+differences, mostly on the issues of how much non-member cocoa
+the buffer stock can purchase and price differentials for
+different varieties.
+    Delegates were fairly confident the differences could be
+worked out in time to reach agreement tomorrow.
+    Some consuming member nations, including Britain and
+Belgium, favour the buffer stock buying more than 10 pct
+non-member cocoa, delegates have said.
+    The consumers argue that buying cheaper, lower quality
+non-member cocoas, particularly Malaysian, will most
+effectively support prices because that low quality cocoa is
+currently pressuring the market.
+    Producers, meanwhile, say non-member cocoa should make up
+at most a very small percentage of the buffer. They say
+Malaysia should not be able to benefit from the ICCO unless it
+is a member, and if the buffer stock bought Malaysian cocoa
+Malaysia would have no incentive to join, delegates said.
+    As to differentials, Ghana apparently wanted a higher
+differential for its cocoa than is outlined in the most recent
+proposal, so it would have a better chance of having its cocoa
+bought for the buffer stock, producer delegates said.
+    Some consumers wanted differentials to be adjusted in a way
+that would not promote buffer stock purchases of the more
+expensive cocoas, such as Ghanaian and Brazilian, they said.
+    Other technical points need to be sorted out, including
+limits on how much cocoa the buffer stock manager can buy in
+nearby, intermediate and forward positions and the consequent
+effect on prices in the various deliveries, delegates said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15473" NEWID="9954">
+<DATE>26-MAR-1987 11:30:32.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D><D>france</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1486&#31;reute
+d f BC-SIEMENS-REBUTTS-U.S.   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIEMENS REBUTTS U.S. CRITICISM ON CGCT OFFER</TITLE>
+<DATELINE>    MUNICH, March 26 - </DATELINE><BODY>Siemens AG &lt;SIEG.F> rebutted U.S.
+Criticism it is blocking American Telephone and Telegraph
+Corp's &lt;T.N>, AT and T, entry into French telecommunications
+firm &lt;Compagnie Generale Constructions Telephoniques>, CGCT.
+    Management board member Hans Baur told journalists that the
+acquisition of a joint 20 pct stake in CGCT by AT and T and
+Philips Gloeilampenfabrieken NV &lt;PGLO.AS> had not been decided
+on two years ago as claimed by AT and T.
+    The French government, which owns CGCT, had asked Siemens
+at the start of 1986 to submit an offer for the stake in CGCT.
+The result of the negotiations was still open.
+    Baur said Siemens had first made an offer last summer.
+    The Handelsblatt newspaper today quoted AT and T chairman
+James E. Olson as saying that Siemens' attempt to stop AT and T
+and Philips could lead to a resurgence of protectionism in the
+U.S.
+    Baur said he expected the French government to decide on
+the winning bid by the end of April. CGCT's share of the French
+switchboard market amounts to around 16 pct.
+    The French government has limited CGCT participation by
+foreign companies to 20 pct and set a price of 500 mln francs
+for the whole company.
+    Bauer said the 20 pct limitation would only apply to the
+initial stake. He did not rule out a stake increase later but
+said Siemens' aim was to introduce its technology.
+    Bauer said Siemens and French telecommunications firm
+&lt;Jeumont-Schneider SA> submitted a joint offer at the start of
+March because of the 20 pct limitation. Both companies will
+form a joint venture to take over the whole of CGCT.
+   Siemens will have a 20 pct stake in the new company while
+Jeumont-Schneider will own 80 pct. Apart from investing 100 mln
+francs for the modernisation of CGCT, a new research centre
+with was also being planned.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15474" NEWID="9955">
+<DATE>26-MAR-1987 11:30:46.85</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1487&#31;reute
+f f BC-******MULFORD-DISAPPO   03-26 0020</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MULFORD DISAPPOINTED IN NEWLY INDUSTRIALIZED (NICS) EFFORTS TO STRENGTHEN CURRENCIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15475" NEWID="9956">
+<DATE>26-MAR-1987 11:33:53.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1501&#31;reute
+u f BC-FORD-&lt;F>-NEARS-GM-&lt;GM   03-26 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> NEARS GM &lt;GM> IN EXECUTIVE BONUSES</TITLE>
+<DATELINE>    DETROIT, March 26 - </DATELINE><BODY>Ford Motor Co neared General Motors
+Corp last year in executive bonuses, while it topped the larger
+automaker in profit sharing payments to workers.
+    Ford, which outstripped GM in earnings last year, said its
+1986 incentive bonuses totaled 167 mln dlrs, slightly behind
+General Motors' 169.1 mln.
+    General Motors, however, did not make any profit-sharing
+payments to its workers, while Ford made a profit-sharing
+distribution of 372 mln dlrs, or 2,100 dlrs per worker.
+    General Motors, which saw its earnings drop to 2.94 billion
+dlrs from 1985's 3.99 billion, said the 1986 profit was "not
+sufficient to generate a payout under the profit-sharing
+formula."
+    Ford, which earned 3.28 billion dlrs in 1986, up from 2.51
+billion in 1985, said it "recognizes employees' efforts and
+fulfills its commitment to them in many ways, including
+profit-sharing."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15476" NEWID="9957">
+<DATE>26-MAR-1987 11:36:29.74</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>west-germany</D><D>taiwan</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM A
+&#22;&#22;&#1;f1513&#31;reute
+b f BC-/MULFORD-SAYS-GERMANY   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULFORD SAYS GERMANY, JAPAN SHOULD DO MORE</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Treasury Assistant Secretary David
+Mulford said he did not believe that West Germany and Japan
+have yet carried out their international responsibilities.
+    "I do not believe they have up to this time," Mulford told
+a Senate banking subcommittee.
+    He said that for the U.S. trade deficit to continue
+improving in the next two years, "We need more policy actions"
+across the entire front of U.S. trade relations, including
+Canada and the newly-industrialized countries (NICS).
+    In particular, he said, efforts by South Korea and Taiwan
+to strengthen their currencies were still disappointing.
+    Mulford also said that OECD nations need to grow an average
+three pct to help resolve the international debt crisis.
+    He noted that Japanese and European imports from Latin
+nations were significantly smaller than imports into the U.S.
+    He stressed both Germany and Japan must continue to take
+economic and structural measures to ensure stronger sustained
+economic growth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15477" NEWID="9958">
+<DATE>26-MAR-1987 11:36:52.63</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>barley</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1517&#31;reute
+b f BC-EC-GRANTS-EXPORT-LICE   03-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EC GRANTS EXPORT LICENCES 197,000 TONNES  FREE MARKET MAIZE, ZERO BARLEY - PARIS TRADERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15478" NEWID="9959">
+<DATE>26-MAR-1987 11:37:20.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1521&#31;reute
+r f BC-PIER-1-IMPORTS-&lt;PIR>   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIER 1 IMPORTS &lt;PIR> DECLARES STOCK SPLIT</TITLE>
+<DATELINE>    FORT WORTH, Tex., March 26 - </DATELINE><BODY>Pier 1 Imports Inc said its
+board declared a three-for-two split of its common stock and
+its 25 cents preferred stock, and declared a regular quarterly
+dividend of two cents per share on the pre-split shares of
+common stock outstanding.
+    Pier 1 also declared a 12.5 pct annual dividend increase
+for the post-split common shares. The split will be effected in
+the form of a 50 pct stock dividend on both classes.
+    The company said shareholder approval is required for an
+increase in authorized shares of common stock to 100 mln from
+25 mln.
+    It said approval is also needed for an increase in
+authorized shares of preferred stock from one million to five
+million. It said voting will be conducted at its annual
+shareholder meeting on June 24.
+    Pier 1 said there are currently 19.1 million shares of
+common stock and 960,000 shares of 25 cts preferred stock
+outstanding.
+    The split shares will be distributed on June 29 to
+shareholders of record May 13. The two cts per share quarterly
+cash dividend will be payable May 29 to shareholders of record
+May 13.
+    "The increase in shares outstanding will broaden the base
+of stock ownership in the company, and the dividend increase
+reflects the directors' positive outlook for the future
+prospects of Pier 1 Imports," said Clark Johnson, president and
+chief executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15479" NEWID="9960">
+<DATE>26-MAR-1987 11:37:37.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1523&#31;reute
+d f BC-RCM-TECHNOLOGIES-&lt;RCM   03-26 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RCM TECHNOLOGIES &lt;RCMT> ORDER INCREASED</TITLE>
+<DATELINE>    CAMDEN, N.J., March 26 - </DATELINE><BODY>RCM Technologies Inc said its
+contract to provide engineering personnel to the Sikorsky
+Aircraft division of United Technologies Corp &lt;UTX> has been
+increased by 4,300,000 dlrs to 11.0 mln dlrs.
+    It said the contract runs through the end of 1987.   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15480" NEWID="9961">
+<DATE>26-MAR-1987 11:37:46.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1524&#31;reute
+d f BC-LANCER-CORP-&lt;LACR>-4T   03-26 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANCER CORP &lt;LACR> 4TH QTR NET</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, March 26 -
+    </DATELINE><BODY>Shr 12 cts vs 15 cts
+    Net 282,000 vs 360,000
+    Revs 5,261,000 vs 5,348,000
+    Avg shrs 2,336,000 vs 2,335,000
+    Year
+    Shr 91 cts vs 1.04 dlrs
+    Net 2,149,000 vs 2,075,000
+    Revs 28.2 mln vs 28.3 mln
+    Avg shrs 2,356,000 vs 2,001,000
+    NOTE: 1986 quarter net includes 72,000 dlr charge from
+repal of investment tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15481" NEWID="9962">
+<DATE>26-MAR-1987 11:38:01.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1526&#31;reute
+d f BC-THERMO-PROCESS-&lt;TPSI>   03-26 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERMO PROCESS &lt;TPSI> WINS 1.5 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WALTHAM, Mass., March 26 - </DATELINE><BODY>Thermo Process Systems Inc said
+it won a 1.5 mln dlr contract from Avtopromimport, a trading
+company in the Soviet Union.
+    The company said it will supply a fully automated,
+rotary-hearth furnace system to treat automobile transmission
+gears.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15482" NEWID="9963">
+<DATE>26-MAR-1987 11:38:13.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1528&#31;reute
+d f BC-MACNEAL-SCHWENDLER-CO   03-26 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACNEAL-SCHWENDLER CORP &lt;MNS> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    LOS ANGELES, March 26 -
+    </DATELINE><BODY>Shr 16 cts vs 11 cts
+    Net 1,888,000 vs 1,307,000
+    Revs 7,365,000 vs 5,877,000
+    Year
+    Oper shr 58 cts vs 40 cts
+    Oper net 7,005,000 vs 4,866,000
+    Revs 27.1 mln vs 21.1 mln
+    NOTE: Prior year net excludes 263,000 dlr loss from
+discontinued operations and 2,073,000 dlrs on disposal.
+    Share adjusted for stock dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15483" NEWID="9964">
+<DATE>26-MAR-1987 11:38:17.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1529&#31;reute
+d f BC-NICHOLS-INSTITUTE-&lt;LA   03-26 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NICHOLS INSTITUTE &lt;LAB> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    SAN JUAN CAPISTRANO, Calif., March 26 -
+    </DATELINE><BODY>Shr two cts vs one ct
+    Net 83,000 vs 32,000
+    Revs 11.2 mln vs 7,625,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15484" NEWID="9965">
+<DATE>26-MAR-1987 11:38:23.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1530&#31;reute
+d f BC-FIRST-MEDICAL-DEVICES   03-26 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST MEDICAL DEVICES CORP &lt;FMDC> YEAR LOSS</TITLE>
+<DATELINE>    BELLEVUE, Wash., March 26 -
+    </DATELINE><BODY>Shr loss 97 cts
+    Net loss 1,364,453
+    Sales 737,971
+    NOTE: Company in development stage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15485" NEWID="9966">
+<DATE>26-MAR-1987 11:38:28.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1531&#31;reute
+d f BC-FIRST-MEDICAL-&lt;FMDC>   03-26 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST MEDICAL &lt;FMDC> GETS ORDER</TITLE>
+<DATELINE>    BELLEVUE, Wash., March 26 - </DATELINE><BODY>First Medical Devices Corp said
+it has received a contract to sell EMT-defibrillation equipment
+to Lane County, Ore., for undisclosed terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15486" NEWID="9967">
+<DATE>26-MAR-1987 11:38:56.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1534&#31;reute
+b f BC-HEALTHMATE-&lt;HMTE>-EXP   03-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHMATE &lt;HMTE> EXPECTS QUALIFIED OPINION</TITLE>
+<DATELINE>    NORTHBROOK, ILL., March 26 - </DATELINE><BODY>HealthMate Inc said its
+auditors, Laventhol and Horwath, indicated they will issue a
+qualified opinion on the company's financial statements.
+    The company, which went public in March 1985, earlier
+reported losses for the fourth quarter.
+    It said the auditor's statement, known as a "subject to"
+opinion, cautions that, because of continuing operating losses
+and negative cash flow, it must achieve profitable operations
+or acquire additional equity capital or other financing to
+continue in existence.
+    HealthMate reported a loss for the year of 1,512,534 dlrs,
+or 17 cts a share on revenues of 1.4 mln dlrs. A year ago, it
+had a loss of 1,553,592 dlrs, or 20 cts a share on revenues of
+515,225 dlrs.
+    It said the increased sales reflect initial shipments of
+its FluoroScan Imaging Systems, low radiation X-ray imaging
+devices that recently were classified by Underwriters
+Laboratories Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15487" NEWID="9968">
+<DATE>26-MAR-1987 11:39:07.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1536&#31;reute
+h f BC-BALLY-&lt;BLY>-NAMES-NEW   03-26 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY &lt;BLY> NAMES NEW CHIEF FINANCIAL OFFICER</TITLE>
+<DATELINE>    CHICAGO, March 26 - </DATELINE><BODY>Bally Manufacturing Corp said it has
+elected Paul Johnson a vice president and named him chief
+financial officer, replacing Donald Romans, who took early
+retirement.
+    Bally also said it has appointed Jerry Blumenshine,
+formerly a vice president, treasurer to fill the position left
+vacant by Johnson.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15488" NEWID="9969">
+<DATE>26-MAR-1987 11:39:51.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1537&#31;reute
+u f BC-BRAZIL-ASKS-60-DAY-EX   03-26 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL ASKS 60-DAY EXTENSION SHORT-TERM CREDIT</TITLE>
+<DATELINE>    BRASILIA, MARCH 26 - </DATELINE><BODY>Brazil today suggested to its foreign
+bank creditors an extension of short-term credit lines for 60
+days until May 31, a spokesman for the Central Bank said.
+    He said that with the move, called a "standstill"
+arrangement, Brazil was only trying to avoid difficulties to
+pay its 109 billion dlrs debt in the future.
+    The spokesman told Reuters that Brazil's suggestion will be
+communicated by telex to Brazil's 700 bank creditors.
+    The spokesman declined to give details of what was included
+in the statement, but said Central Bank president Francisco
+Gros was seeking a 60-day extension of the short-term credit
+lines from its commercial bank creditors.
+    The amount of these credit lines totals 15 billion dollars,
+and deadline for payment is set for March 31.
+    Finance Minister Dilson Funaro said in a television
+interview it was "absolutely important" for Brazil and its
+creditors to renew the short-term credit lines, as Brazil must
+finance its exports.
+    "If these credit lines were cut, we would face difficulties
+to honour our foreign debt in the future," Funaro said.
+    "There is evidently a common interest in the matter," he said.
+    Funaro said, however, he was told creditors understand
+Brazil's position and do not wish to turn the negotiation for
+the renewal of the credit lines more difficult.
+    Brazil last month suspended interest payments on its 68-
+billion dlrs debt to commercial banks and froze short-term
+trade and money market lines.
+    He said Brazil's suggestion is part of its demands "before
+the need to renew the mechanisms of loans in the world."
+    Funaro said currently debt negotiations are "very complex
+and complicated," mentioning cases of countries which had to
+wait some 10 months before getting a reply from creditors.
+    "We are not interested in confrontation, but we would like
+the loan mechanisms to show that the crisis belongs to both
+sides," Funaro said.
+    Funaro denied rumours that he had offered his resignation
+to President Jose Sarney.
+    "Who decides whether to keep or dismiss his ministers is the
+president. Everything else is nothing but speculation," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15490" NEWID="9970">
+<DATE>26-MAR-1987 11:44:36.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1558&#31;reute
+d f BC-HEALTHMATE-INC-&lt;HMTE>   03-26 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHMATE INC &lt;HMTE> 4TH QTR LOSS</TITLE>
+<DATELINE>    NORTHBROOK, ILL., March 26 -
+    </DATELINE><BODY>Shr loss five cts vs loss six cts
+    Net loss 473,784 vs loss 489,257
+    Revs 268,797 vs 81,725
+    Avg shrs 9,245,247 vs 8,035,326
+    Year
+    Shr loss 17 cts vs loss 20 cts
+    Net 1,512,534 vs loss 1,553,592
+    Revs 1,448,310 vs 515,225
+    Avg shrs 8,745,132 vs 7,619,863
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15491" NEWID="9971">
+<DATE>26-MAR-1987 11:44:48.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1559&#31;reute
+u f BC-USAIR-&lt;U>-CLEARED-TO   03-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> CLEARED TO BUY PIEDMONT &lt;PIE> SHARES</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>USAir Group Inc said the U.S.
+Department of Transportation has issued an order allowing it to
+purchase and hold in a voting trust the 9,309,394 Piedmont
+Aviation Inc shares USAir is seeking in its current 69 dlr per
+share tender offer.
+    The company said the new order supersedes an order issued
+by the department last Friday that would have required USAir to
+sell within one week of expiration of the tender any Piedmont
+shares it held in excess of 51 pct of the Piedmont stock then
+outstanding.
+    The company said the 9,309,394 Piedmont shares, together
+with the 2,292,599 Piedmont shares already owned by USAir,
+constitute about 50.1 pct of Piedmont's shares on a
+fully-diluted basius but about 61.0 pct of shares currently
+outstanding.
+    The shares are to be held in a voting trust pending the
+department's review of USAir's application to obtain control of
+Piedmont.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15493" NEWID="9972">
+<DATE>26-MAR-1987 11:45:09.03</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1561&#31;reute
+f f BC-******FED-SETS-TWO-BI   03-26 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15492" NEWID="9973">
+<DATE>26-MAR-1987 11:45:27.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1563&#31;reute
+u f BC-HOUSE-OF-FABRICS-INC   03-26 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE OF FABRICS INC &lt;HF> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    SHERMAN OAKS, Calif., March 26 -
+    </DATELINE><BODY>Shr 34 cts vs 20 cts
+    Net 2,253,000 vs 1,332,000
+    Sales 89.7 mln vs 85.9 mln
+    Year
+    Shr 94 cts vs 64 cts
+    Net 6,191,000 vs 4,257,000
+    Sales 316.4 mln vs 286.7 mln
+    NOTE: Prior year net both periods includes 2,100,000 dlr
+charge from sale of Craft Showcase stores.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15494" NEWID="9974">
+<DATE>26-MAR-1987 11:45:37.17</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1564&#31;reute
+w f BC-gERMAN-RETAILERS-EXPE   03-26 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN RETAILERS EXPECT GOOD 1987</TITLE>
+<DATELINE>    BONN, March 26 - </DATELINE><BODY>West German retailers expect another good
+year in 1987 even though they will not be able to repeat the
+sharp increase in turnover they enjoyed in 1986, the General
+Association of the German Retail Trade (HDE) said.
+    HDE President Wolfgang Hinrichs said retailers would be
+satisfied with a real turnover increase of between 2.5 pct to
+three pct in 1987 after last year's steep 3.7 pct rise.
+    Hinrichs said the 1986 turnover increase had brought the
+first hesitant signs of improvement in earnings in the West
+German retail sector.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15495" NEWID="9975">
+<DATE>26-MAR-1987 11:46:03.34</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1565&#31;reute
+u f BC-GERMAN-WAGE-ROUND-SAI   03-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN WAGE ROUND SAID TO LIMIT MONETARY OPTIONS</TITLE>
+<AUTHOR>    By Allan Saunderson, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 26 - </DATELINE><BODY>The Bundesbank's options for West
+Germany monetary policy are limited for the foreseeable future
+by the delicate stage of wage negotiations between unions and
+employers, economists and money market dealers said.
+    Call money fell in quite active trading today, dropping to
+3.40/50 pct from 3.55/65 pct yesterday, and below the 3.50 pct
+treasury bill rate as a difficult month-end approached.
+    But dealers and economists said the Bundesbank was unlikely
+to encourage lower rates in the foreseeable future largely for
+fear of upsetting the current wage round.
+    One money market dealer for a major foreign bank said, "I
+don't think the Bundesbank wants rates to go up whatever
+happens. But it also does not want them to fall. Above all it
+wants to wait to see how the unions wage round goes."
+    In West Germany, unions and employers prepare the ground
+for triennial wage negotiations based on detailed assessments
+of growth and inflation, economists said.
+    Ute Geipel, economist with Citibank AG, said if the
+Bundesbank became more accommodating in monetary policy,
+raising fears in some quarters of a return in inflation in the
+medium term, unions would be obliged to curtail wage demands.
+    As a result the Bundesbank was concerned to make no move
+that would interfere in the negotiating process, Geipel said.
+    In the current round, the country's most powerful union,
+the IG Metall representing metalworkers and engineers, is
+demanding a shortening of the working week to 35 hours from the
+present 38-1/2 and an accompanying five pct increase in wages.
+    The engineering employers' association, Gesamtmetall, is
+offering to bring in a 38-hour-week from July 1, 1988, and give
+a two stage wage increase -- a 2.7 pct rise from April 1 this
+year and another 1.5 pct from July 1, 1988.
+    The agreement forged by IG Metall -- Europe's largest
+union, with 2.5 mln members -- and the employers would set the
+benchmark for settlements in other industries such as the
+public sector, banks and federal post office. Negotiations
+began in December and unions are hopeful they may conclude by
+early April, ahead of the traditional holiday period in June.
+    Though many economists said the unions' current warning
+strikes and rhetoric were part of the negotiating strategy and
+would not lead to a repeat of 1984's damaging seven-week
+strikes, others said unions would not compromise greatly on
+their positions and there could still be conflict.
+    This could extend the length of time in which the
+Bundesbank would keep its activity low-key, economists said.
+    The money market head said the unions' humiliation by the
+protracted financial problems of the Neue Heimat cooperative
+housing venture would contribute to union obstinacy.
+    "The unions haven't forgotten that and they will put this
+squarely onto the account in the negotiations," he said.
+    In addition, the newly-elected chairman of the IG Metall
+union, Franz Steinkuehler, was more radical and determined than
+his predecessor Hans Meyer and may be set for a longer battle
+to achieve the best possible settlement for his membership.
+    More than 16,000 engineering workers at 45 firms, mainly in
+south Germany, held warning strikes lasting up to two hours
+yesterday. Firms hit included Zahnradfabrik Passau GmbH and
+aerospace group Messerschmitt-Boelkow-Blohm GmbH.
+    Today, 28,000 employees from 110 companies came out in
+warning strikes, a statement from IG Metall said.
+    Money market dealers said that overnight call money rates
+would rise in the near future in any case and did not depend on
+a politically-inhibited Bundesbank.
+    About eight billion marks were coming into the market
+tomorrow from salary payments by the federal government.
+    As a result, some banks fell back on the Bundesbank's offer
+to mop up liquidity via the sale of three-day treasury bills,
+anticipating still lower rates before the month-end.
+    But a pension payment date by banks on behalf of customers
+was due on Monday, other dealers noted. If banks were short of
+liquidity until the bills matured on Tuesday, rates could soar,
+perhaps to the 5.50 pct Lombard ceiling.
+    Banks were well stocked up with funds, having an average
+52.1 billion marks in Bundesbank minimum reserves in the first
+24 days of March, well above the 50.7 billion requirement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15496" NEWID="9976">
+<DATE>26-MAR-1987 11:46:40.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1567&#31;reute
+h f BC-FOREIGN-FIRMS-HOPE-TO   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREIGN FIRMS HOPE TO JOIN JAPAN TELECOM COMPANY</TITLE>
+<DATELINE>    TOKYO, March 26 - </DATELINE><BODY>President Nobuo Ito of International
+Telecom Japan Inc (ITJ), one of two rival firms seeking to
+enter Japan's international telecommunications market, said it
+will offer a stake in the company to 10 foreign firms.
+      But he declined to specify what share the firms would
+take, and told Reuters they would not participate in its
+management.
+    ITJ and International Digital Communications Planning Inc
+(IDC), in which both Cable and Wireless Plc and Pacific Telesis
+Group own 20 pct stakes, are set to merge into a new entity to
+compete against Kokusai Denshin Denwa Co Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15497" NEWID="9977">
+<DATE>26-MAR-1987 11:46:51.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1568&#31;reute
+r f BC-SIEMENS-RAISES-STAKE   03-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIEMENS RAISES STAKE IN TELECOM PLUS OF U.S.</TITLE>
+<DATELINE>    MUNICH, West Germany, March 26 - </DATELINE><BODY>Siemens AG's &lt;SIEG.F>
+fully-owned subsidiary Siemens Informations Systems Inc. Has
+raised its stake in &lt;Telecom Plus Communications Inc.> by 65
+pct to 100 pct, a Siemens spokesman said.
+    He added that Telecom Plus Communications was the largest
+independent supplier of telephone exchange systems in the U.S.
+And had turnover of 234 mln dlrs in 1986.
+   The stake had been acquired from Telecom Plus International
+Inc. The spokesman declined to comment on U.S. Newspaper
+reports that the purchase price totalled 173 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15498" NEWID="9978">
+<DATE>26-MAR-1987 11:47:02.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1569&#31;reute
+r f BC-FIRST-INTERSTATE-SEEK   03-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST INTERSTATE SEEKS ACQUISITION</TITLE>
+<AUTHOR>    by Janie Gabbett</AUTHOR>
+<DATELINE>    LOS ANGELES, March 26 - </DATELINE><BODY>Less than two months after First
+Interstate Bancorp withdrew its bold attempt to buy BankAmerica
+Corp, Chairman Joseph Pinola is still looking for a good buy,
+but he is also looking at ways to avoid being bought.
+    In a wide-ranging interview, Pinola said he's looking for
+ways to improve profitability and capital between now and 1991,
+"so as to resist any potential look at us...to maintain our
+independence, if possible."
+    In 1991 federal regulatory changes will allow the major
+East Coast banks to buy banks in California.
+    First Interstate, the fourth largest California bank, and
+the nineth largest nationwide, owns 24 banks in 12 western
+states and has franchise operations in four additional states.
+    Bank industry sources say it is an attractive target for
+large U.S. or foreign banks, looking to quickly move into the 
+lucrative California market and the West Coast region.
+    While declining specifics on his corporate strategy, when
+asked if acquisitions will be part of the plan, Pinola replied,
+"That's undoubtedly a fair statement...it would be almost naive
+not to think that."
+    Pinola characterized his acquisition strategy as
+"opportunistic".
+    He said he will look for banks in management trouble that
+he can get at a bargain, then add management to restore
+profitability, or for banks in states where First Interstate
+already operates, then cut costs by combining resources.
+    The exception, he said, would be Texas, where he said most
+of the banks are already well managed, but might be purchased
+at a discount because of the depressed regional economy.
+    Pinola declined comment on what circumstances might move
+him to rekindle his bid for BankAmerica, saying only, "We
+continue to monitor and look at a lot of things and a lot of
+people continue to monitor and look at us."
+    Banking analysts, however, consider another First
+Interstate bid at BankAmerica a long shot, not likely to happen
+any time soon.
+    Pinola called his decision last month to withdraw his 3.25
+billion dlr bid at the nation's second largest bank, "a very,
+very difficult decision."
+    With that decision made, however, he acknowledged First
+Interstate may now have a difficult time keeping its number
+four position in the California banking community.
+    "The competition in this state is tough," he said, noting
+CityBank's recent purchase of 50 financial service branches
+from Sears Roebuck company. "CityBank is moving rapidly to move
+us down to fifth and Wells Fargo down to fourth," he said.
+    Outside California, Pinola acknowledged that Security
+Pacific Corp, with its recent acquisitions in Arizona,
+Washington and Oregon, is quickly becoming a regional
+competitor in areas where First Interstate has long dominated.
+    "Security is, has been and continues to be a highly
+profitable and obviously well managed company," he said.
+    He added, however, First Interstate, at the moment, has the
+advantages of having owned and managed regional banks longer
+and has the recognition advantage of having given its regional
+banks a common name.
+    Pinola said while its coastal state banks are in good
+financial condition, First Interstate continues to sustain
+serious loan losses in its Rocky Mountain states, where energy,
+real estate and agriculture dominate the economy.
+    Asked if he thought loan losses in those areas had peaked,
+he said, "I don't think it has bottomed out, because I think
+most of the problems are real estate-related and the real
+estate problems are going to be with us for several years."
+    Pinola said another failing economic sector, agriculture in
+the Midwest, has slowed expansion of First Interstate's
+franchise operation.
+    First Interstate has 42 franchise banks that offer First
+Interstate financial services in ten states.
+    While a year ago he was considering taking his franchise
+operation east of the Mississippi River, Pinola said because
+most of the franchise banks are now in the West, expansion into
+the Midwest must come first.
+    Calling the franchise system, "moderately profitable,"
+Pinola said, "It is going to take a rejuvenation of the
+agriculture sector for us to commence franchising at the speed
+we were generating before the last year or two."
+    On the banking industry in general, Pinola said he thinks
+1987 will be another bad year for loan losses, with only banks
+with minimal holdings in real estate able to improve profits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15499" NEWID="9979">
+<DATE>26-MAR-1987 11:48:50.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1580&#31;reute
+r f BC-ATLANTIC-RESEARCH-&lt;AT   03-26 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC RESEARCH &lt;ATRC> WINS MOTOR CONTRACT</TITLE>
+<DATELINE>    ALEXANDRIA, Va., March 26 - </DATELINE><BODY>Atlantic Research Corp said its
+propulsion division won a contract valued at 54 mln dlrs from
+the missiles unit of LTV Corp's &lt;QLTV> LTV Missiles and
+Electronics Group.
+    The contract authorizes the fifth year increment of a
+multiyear contract to make solid-propellant rocket motors for
+the U.S. Army's Multiple Launch Rocket System, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15501" NEWID="9980">
+<DATE>26-MAR-1987 11:50:35.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1589&#31;reute
+r f BC-THOMAS-AND-BETTS-&lt;TNB   03-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMAS AND BETTS &lt;TNB> FILES PATENT SUIT</TITLE>
+<DATELINE>    RARITAN, N.J., March 26 - </DATELINE><BODY>Thomas and Betts Corp said it
+filed a patent infringement suit against three companies in
+connection with the manufacture and sale of its 50 Position
+Transition "D" Subminiature IDC electronic connectors.
+    The company said the suit was filed in U.S. District Court
+for the District of Delaware. Named in the suit were &lt;Carrot
+Components Corp>, &lt;ODU-Kontact GmbH and Co> and &lt;KG and G and H
+Technologies Inc>, it said.
+    Thomas and Betts said it is seeking an injunction to
+prevent the future sale of the connectors, as well as damages.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15502" NEWID="9981">
+<DATE>26-MAR-1987 11:50:43.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1590&#31;reute
+r f BC-HOUSE-OF-FABRICS-&lt;HF>   03-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE OF FABRICS &lt;HF> SEES RESULTS IMPROVING</TITLE>
+<DATELINE>    SHERMAN OAKS, Calif., March 26 - </DATELINE><BODY>House of Fabrics Inc said
+it expects growth in earnings and revenues as the current
+fiscal year progresses.
+    It said it will open about 50 super stores this year. 
+House of Fabrics now operates 703 stores.
+    The company today reported earnings for the year ended
+January 31 of 6,191,000 dlrs on sales of 316.4 mln dlrs, up
+from prior year earnings of 4,257,000 dlrs on sales of 286.7
+mln dlrs.  The prior year earnings included a 2,100,000 dlr
+charge for the disposition of Craft Showcase stores.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15503" NEWID="9982">
+<DATE>26-MAR-1987 11:51:13.92</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1593&#31;reute
+u f BC-U.S.-SENATE-HITS-EC-O   03-26 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE HITS EC OILS TAX, VOWS RETALIATION</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The Senate voted to condemn the
+proposed European common market tax on vegetable and fish fats
+and oils and said it would result in retaliation.
+    The non binding Senate resolution, a sense of Senate
+sentiment, was approved on a 99 to 0 vote.
+    "The administration should communciate to the European
+Community the message that the United States will view the
+establishment of such a tax as inconsistent with the European
+Community's obligations under the General Agreement on Tariffs
+and Trade that will result in the adoption of strong and
+immediate countermeasures," the resolution stated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15504" NEWID="9983">
+<DATE>26-MAR-1987 11:51:22.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1595&#31;reute
+r f BC-CROP-GENETICS-INITIAL   03-26 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CROP GENETICS INITIAL OFFERING UNDERWAY</TITLE>
+<DATELINE>    HANOVER, Md., March 26 - </DATELINE><BODY>&lt;Crop Genetics International Corp>
+said an initial public offering of 1,600,000 common shares is
+underway at 14.50 dlrs per share through underwriters led by
+&lt;Drexel Burnham Lambert Inc>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15505" NEWID="9984">
+<DATE>26-MAR-1987 11:51:43.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1597&#31;reute
+u f BC-KODAK-&lt;EK>-BUYS-STAKE   03-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KODAK &lt;EK> BUYS STAKE IN BIOTECHNOLOGY COMPANY</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 26 - </DATELINE><BODY>Eastman Kodak Co said it has
+reached an agreement to acquire new stock representing a 16 pct
+interest in industrial biotechnology company &lt;Genencor Inc> for
+undisclosed terms.
+    Other Genencor shareholders include Staley Continental Inc
+&lt;STA>, Corning Glass Works &lt;GLW> and Genentech Inc &lt;GENE>.
+    The company said it has been granted options to increase
+its equity stake during 1987.  It said it has agreed to make a
+multiyear, multimillion dollar commitment to Genecor research
+products related to food additivies and pharmaceutical
+intermediates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15506" NEWID="9985">
+<DATE>26-MAR-1987 11:51:57.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1599&#31;reute
+u f BC-AVERY-&lt;AVY>-1ST-QTR-F   03-26 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVERY &lt;AVY> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    PASADENA, Calif., March 26 -
+    </DATELINE><BODY>Shr 33 cts vs 30 cts
+    Net 13.0 mln vs 11.9 mln
+    Sales 330.8 mln vs 249.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15507" NEWID="9986">
+<DATE>26-MAR-1987 11:52:23.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1602&#31;reute
+r f BC-FORD-&lt;F>-CREDIT-UNIT   03-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> CREDIT UNIT SELLS NEW ZEALAND DLR FRNS</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Ford Motor Credit Co, a unit of Ford
+Motor Co, is offering in the domestic debt market 100 mln New
+Zealand dlrs of floating-rate notes due 1990, said sole manager
+Bear, Stearns and Co.
+    The initial rate for the notes will be set on April 15 at
+200 basis points below the 90-day New Zealand bank bill rate.
+After that, the rate will be reset quarterly.
+    Non-callable to maturity, the issue pays quarterly and is
+rated A-1 by Moody's and AA-minus by S and P. Underwriters said
+floaters denominated in a foreign currency are a new wrinkle on
+Wall Street.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15508" NEWID="9987">
+<DATE>26-MAR-1987 11:53:05.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1607&#31;reute
+r f BC-IONICS-&lt;ION>-WINS-20-   03-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IONICS &lt;ION> WINS 20-YEAR DESALINATION CONTRACT</TITLE>
+<DATELINE>    WATERTOWN, Mass., March 26 - </DATELINE><BODY>Ionics Inc said it received a
+20-year seawater desalination contract valued at more than 50
+mln dlrs over the life of the contract from (Electrica
+Maspalomas SA), a water utility in Grand Canary Island, Spain.
+    The contract supplements a previously announced 15-year
+contract to supply desalted brackish water in the same
+geographical area. That contract is currently valued at 60 mln
+dlrs.
+    The stated value of the new contract excludes escalation
+and possible future increases in capacity, Ionics said. It
+calls for the supply of 1.7 mln gallons a day of drinking water
+on Grand Canary Island in Spain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15509" NEWID="9988">
+<DATE>26-MAR-1987 11:53:35.08</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1610&#31;reute
+b f BC-/-FED-SETS-TWO-BILLIO   03-26 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED SETS TWO BILLION DLR CUSTOMER REPURCHASE</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+government securities market to arrange two billion dlrs of
+customer repurchase agreements, a spokeswoman for the New York
+Fed said.
+    Federal funds were trading at 6-3/16 pct at the time of the
+indirect injection of temporary reserves.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15510" NEWID="9989">
+<DATE>26-MAR-1987 11:55:20.13</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1621&#31;reute
+d f BC-SENATE-SEEKS-U.S.-PRO   03-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE SEEKS U.S. PROBE OF CANADIAN CORN LEVY</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The Senate voted unanimously to seek
+an expedited U.S. probe of Canadian tariffs on corn imports to
+determine if the United States should retaliate.
+    By 99 to 0, the Senate went on record against the 84.9
+cents per bushel tariff approved by the Canadian Import
+Tribunal.
+    The non binding measure asked for a probe by the U.S. Trade
+Representative to determine within 30 days whether the tariff
+violates the General Agreement on Tariffs and Trade, and if so
+recommend within 60 days to President Reagan retaliatory action
+against Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15511" NEWID="9990">
+<DATE>26-MAR-1987 11:55:28.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1622&#31;reute
+d f BC-RICOH-REORGANIZES-U.S   03-26 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RICOH REORGANIZES U.S. UNITS</TITLE>
+<DATELINE>    WEST CALDWELL, N.J., March 26 - </DATELINE><BODY>Ricoh Corp, the U.S. unit
+of Japan-based &lt;Ricoh Ltd>, said it merged Ricoh Systems Inc
+into Ricoh Corp.
+    The U.S. unit also purchased Ricoh Electronics Inc from the
+parent company.
+    The company said the reorganization unites the sales,
+research and development, and manufacturing operations of all
+the U.S. units.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15512" NEWID="9991">
+<DATE>26-MAR-1987 11:55:50.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1625&#31;reute
+w f BC-UNITED-WATER-&lt;UWR>,-B   03-26 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED WATER &lt;UWR>, BASE TEN &lt;BASE> SET VENTURE</TITLE>
+<DATELINE>    HARRINGTON PARK, N.J., March 26 - </DATELINE><BODY>United Water Resources
+Inc said it formed a venture with Base Ten Systems Inc's Base
+Ten Telecom Inc to sell a telephone-based automatic meter
+reading system to the utility industry.
+    United Water Resources, parent of Hackensack and Spring
+Valley Water Cos, said it will provide marketing and customer
+support for Base Ten's automatic meter reading system.
+    The company said it will install the system for 168,000
+commercial and residential customers this spring.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15513" NEWID="9992">
+<DATE>26-MAR-1987 11:55:52.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1626&#31;reute
+s f BC-KNIGHT-RIDDER-INC-&lt;KR   03-26 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KNIGHT-RIDDER INC &lt;KRN> SETS QUARTERLY</TITLE>
+<DATELINE>    MIAMI, March 26 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay April 13
+    Record April Six
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15514" NEWID="9993">
+<DATE>26-MAR-1987 11:55:56.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1627&#31;reute
+s f BC-TECHNITROL-INC-&lt;TNL>   03-26 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNITROL INC &lt;TNL> SETS QUARTERLY</TITLE>
+<DATELINE>    PHILADELPHIA, March 26 -
+    </DATELINE><BODY>Qtly div 12 cts vs 12 cts prior
+    Pay April 21
+    Record April Seven
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15515" NEWID="9994">
+<DATE>26-MAR-1987 11:59:22.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1640&#31;reute
+d f BC-NATIONWIDE-CELLULAR-S   03-26 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONWIDE CELLULAR SERVICE INC &lt;NCEL> 4TH QTR</TITLE>
+<DATELINE>    VALLEY STREAM, N.Y., March 26 -
+    </DATELINE><BODY>Shr loss six cts vs loss 18 cts
+    Net loss 89,478 vs loss 178,507
+    Revs 3,894,844 vs 1,964,141
+    Avg shrs 1,582,790 vs one mln
+    Year
+    Shr loss 43 cts vs loss 81 cts
+    Net loss 534,099 vs loss 811,836
+    Revs 12.2 mln vs 5,167,573
+    Avg shrs 1,251,337 vs one mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15516" NEWID="9995">
+<DATE>26-MAR-1987 12:01:55.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1652&#31;reute
+r f BC-aha-automotive-tech   03-26 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;A.H.A. AUTOMOTIVE TECHNOLOGIES CORP> YEAR NET</TITLE>
+<DATELINE>    BRAMPTON, Ontario, March 26 -
+    </DATELINE><BODY>Shr 43 cts vs 52 cts
+    Shr diluted 41 cts vs 49 cts
+    Net 1,916,000 vs 2,281,000
+    Revs 32.6 mln vs 22.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15517" NEWID="9996">
+<DATE>26-MAR-1987 12:05:59.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1680&#31;reute
+b f BC-BRAZIL-SUGGESTS-60-DA   03-26 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SUGGESTS 60-DAY SHORT-TERM CREDIT EXTENSION</TITLE>
+<DATELINE>    BRASILIA, March 26 - </DATELINE><BODY>Brazil today suggested to its foreign
+bank creditors an extension of short-term credit lines for 60
+days until May 31, a spokesman for the Central Bank said.
+    He said that with the move, called a "standstill"
+arrangement, Brazil was only trying to avoid difficulties in
+paying its 109 billion dlrs of debt in the future.
+    The spokesman told Reuters that Brazil's suggestion will be
+communicated by telex to Brazil's 700 bank creditors. He
+declined to give details of the statement, but said Central
+Bank president Francisco Gros was seeking a 60-day extension of
+short-term credit lines from its commercial bank creditors.
+    The amount of these credit lines totals 15 billion dlrs,
+and deadline for payment is set for March 31.
+    Finance Minister Dilson Funaro said in a television
+interview that it was "absolutely important" for Brazil and its
+creditors to renew the short-term credit lines, as Brazil must
+finance its exports.
+    "If these credit lines were cut, we would face difficulties
+to honour our foreign debt in the future," Funaro said.
+    "There is evidently a common interest in the matter," he
+said.
+    Funaro said, however, he was told creditors understand
+Brazil's position and do not wish to make the negotiation for
+the renewal of the credit lines more difficult.
+    Funaro explained that Brazil's suggestion is part of its
+demands "before the need to renew the mechanisms of loans in the
+world."
+    He said that the current negotiating process is "very
+complex and complicated," mentioning cases of countries which
+had to wait some 10 months before getting a reply from
+creditors.
+    "We are not interested in confrontation, but we would like
+the loan mechanisms to show that the crisis belongs to both
+sides," Funaro said.
+    Funaro denied rumours that he had offered his resignation
+to President Jose Sarney.
+    "Who decides whether to keep or dismiss his ministers is the
+president. Everything else is nothing but speculation," he said.
+    Brazil last month suspended interest payments on its 68-
+billion dlrs of debt to commercial banks and froze short-term
+trade and money market lines.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15518" NEWID="9997">
+<DATE>26-MAR-1987 12:09:31.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1708&#31;reute
+r f BC-EMHART-&lt;EMH>-WINS-FOU   03-26 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMHART &lt;EMH> WINS FOUR COMMUNICATIONS CONTRACTS</TITLE>
+<DATELINE>    FARMINGTON, Conn., March 26 - </DATELINE><BODY>Emhart Corp said it received
+four contracts valued at a total of seven mln dlrs to design,
+develop and install data communications and automated
+dispatching systems.
+    The company said its Planning Research Corp unit, which
+received the contracts, will do the work for the city of Grand
+Rapids, Mich., the New Jersey Transit Authority, the Los
+Angeles County Sheriff's office and the city of Calgary,
+Alberta, Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15519" NEWID="9998">
+<DATE>26-MAR-1987 12:10:10.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1711&#31;reute
+r f BC-FLUOR-&lt;FLR>-AND-UNITS   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLUOR &lt;FLR> AND UNITS DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded 360 mln dlrs of debt of Fluor Corp and its units
+Fluor Finance N.V. and St. Joe Minerals Corp.
+    Cut were the firms' senior debt to BB from BBB and the
+parent's commercial paper to B from A-2.
+    S and P cited industry overcapacity and weak pricing
+conditions in Fluor's core businesses. It said profitability
+and cash flow protection are not expected to rebound in the
+foreseeable future to levels that would support the former
+ratings. Restructuring has not compensated for a greater than
+anticipated deterioration in market conditions, S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15520" NEWID="9999">
+<DATE>26-MAR-1987 12:11:33.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1719&#31;reute
+r f BC-BRUNSWICK-CORP-&lt;BC>-S   03-26 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRUNSWICK CORP &lt;BC> SELLS NOTES AT 8.199 PCT</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Brunswick Corp is raising 100 mln dlrs
+through an offering of notes due 1997 yielding 8.199 pct, lead
+manager Shearson Lehman Brothers Inc said.
+    The notes have an 8-1/2 pct coupon and were priced at 99.50
+to yield 96 basis points over comparable Treasury securities.
+    The issue is non-callable for life and rated Baa-1 by
+Moody's Investors Service Inc and BBB-plus by Standard and
+Poor's Corp.
+    Salomon Brothers co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15521" NEWID="10000">
+<DATE>26-MAR-1987 12:11:42.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1720&#31;reute
+r f BC-ROGERS-&lt;ROG>-SEES-1ST   03-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROGERS &lt;ROG> SEES 1ST QTR NET UP SIGNIFICANTLY</TITLE>
+<DATELINE>    HARTFORD, Conn., March 26 - </DATELINE><BODY>Rogers Corp said first quarter
+earnings will be up significantly from earnings of 114,000 dlrs
+or four cts share for the same quarter last year.
+    The company said it expects revenues for the first quarter
+to be "somewhat higher" than revenues of 32.9 mln dlrs posted
+for the year-ago quarter.
+    Rogers said it reached an agreement for the sale of its
+molded switch circuit product line to a major supplier.
+    The sale, terms of which were not disclosed, will be
+completed early in the second quarter, Rogers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-010.sgm b/textClassication/reuters21578/reut2-010.sgm
new file mode 100644
index 0000000..85e357f
--- /dev/null
+++ b/textClassication/reuters21578/reut2-010.sgm
@@ -0,0 +1,32875 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15522" NEWID="10001">
+<DATE>26-MAR-1987 12:12:57.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1727&#31;reute
+d f BC-AMOCO-&lt;AN>-UNIT-EXPAN   03-26 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> UNIT EXPANDS CARPET YARN PLANT</TITLE>
+<DATELINE>    CHICAGO, March 26 - </DATELINE><BODY>Amoco Corp said its Amoco Fabrics Co
+will expand the capacity of its polypropylene carpet face yarn
+facility by 55 pct to support its successful penetration of the
+commercial and residential carpet markets.
+    It said the expansion of the plant in Andalusia, Ala., will
+bring Amoco's total face yarn capacity to nearly 140 mln pounds
+a year, with Andalusia capacity at 85 mln pounds.
+    Amoco Fabrics is part of Amoco Chemicals Co, the chemical
+manufacturing and marketing subsidiary of Amoco Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15523" NEWID="10002">
+<DATE>26-MAR-1987 12:13:39.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1730&#31;reute
+d f BC-island-telephone   03-26 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISLAND TELEPHONE SHARE SPLIT APPROVED</TITLE>
+<DATELINE>    CHARLOTTETOWN, Prince Edward Island, March 26 - </DATELINE><BODY>&lt;Island
+Telephone Co Ltd> said the previously announced two-for-one
+common share split was approved by shareholders at the annual
+meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15524" NEWID="10003">
+<DATE>26-MAR-1987 12:15:35.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>switzerland</D><D>belgium</D><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1735&#31;reute
+r f BC-BIOGEN-&lt;BGNF>-GETS-PA   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOGEN &lt;BGNF> GETS PATENT FROM EUROPEAN OFFICE</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 26 - </DATELINE><BODY>Biogen Inc said the European
+Patent Office granted it a patent covering certain proteins
+used to produce a hepatitis B vaccine through genetic
+engineering techniques.
+    Robert Gottlieb, Biogen spokesman, said the company has
+licensed the vaccine on a nonexclusive basis to &lt;Wellcome PLC>,
+the British pharmaceutical firm, and is discussing licensing
+with other companies.
+    Biogen said the patent gives it the right to exclude others
+from marketing hepatitis B vaccine in the 11 member countries
+of the European Patent Convention.
+    Gottlieb said the company has also filed a patent in other
+markets, including the U.S. The vaccine is in clinical tests.
+    Patents in the biotechnology field are particularly
+important as the company with an exclusive patent can reap
+large rewards. Recently many of the products of genetic
+engineering have become the target of patent lawsuits.
+    Merck and Co Inc &lt;MRK> already sells a genetically
+engineered hepatitis B vaccine in the U.S. called Recombivax
+HB. A subsidiary of &lt;SmithKline Beckman Corp>, SmithKline
+Biologicals, based in Belgium, is selling a hepatitis B
+vaccine, called Engerix-B, in Belgium.
+    A SmithKline spokesman said the vaccine has also been
+formally approved in Switzerland and Luxembourg and has been
+authorized for market in a number of Far East countries.
+    Hepatitis B is a serious liver infection common in many
+parts of Africa and southeast Asia where about five pct to 15
+pct of the population carry the virus. In the U.S. about
+200,000 new cases occur each year.
+    Last December the European Patent Ofice rejected Biogen's
+patent for alpha-interferon, which Biogen said it will appeal
+once it receives a formal written opinion from the office.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15525" NEWID="10004">
+<DATE>26-MAR-1987 12:17:26.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1745&#31;reute
+d f BC-KEY-HOUSE-MEMBER-OPPO   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEY U.S. HOUSE MEMBER OPPOSES CFTC USER PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>A key U.S. House member said he
+opposed a Reagan administration plan to shift the cost of
+surveillance of futures exchanges to the private sector.
+    "I just think user fees are the wrong way to attack a
+problem of this sort," said Rep. Ed Jones (D-Tenn.), chairman
+of the House Agriculture Subcommittee on Conservation, Credit
+and Rural Development.
+    The White House budget office has asked the Commodity
+Futures Trading Commission, CFTC, to draw up a plan for
+transferring the three-mln dlr cost of monitoring futures
+trading to either exchanges, futures commission merchants or
+users of the markets.
+    CFTC Commissioner William Seale said the proposal was a
+move in the wrong direction. "I would prefer to see
+(surveillance) paid for through the appropriations process
+rather than through taxation of market participants," he said.
+    CFTC Chairman Susan Phillips told the panel the commission
+was preparing the proposal, due to be completed April 15, at
+the request of the Office of Management and Budget.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15526" NEWID="10005">
+<DATE>26-MAR-1987 12:19:18.42</DATE>
+<TOPICS><D>trade</D><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1749&#31;reute
+u f BC-U.K.-GROWING-IMPATIEN   03-26 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. GROWING IMPATIENT WITH JAPAN - THATCHER</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Prime Minister Margaret Thatcher said
+the U.K. Was growing more impatient with Japanese trade
+barriers and warned that it would soon have new powers against
+countries not offering reciprocal access to their markets.
+    She told Parliament that the bid by the U.K.'s Cable and
+Wireless Plc &lt;CAWL.L> to enter the Japanese telecommunications
+market was being regarded by her government as a test case.
+    "I wrote to the prime minister of Japan, Mr Nakasone, on the
+fourth of March to express our interest on the Cable and
+Wireless bid. I have not yet had a reply. We see this as a test
+on how open the Japanese market really is," Thatcher said.
+    Thatcher told Parliament that "shortly ... We shall have
+more powers than we have now, when, for example the powers
+under the Financial Services Act and the Banking Act become
+available, then we shall be able to take action in cases where
+other countries do not offer the same full access to financial
+services as we do."
+    Cable and Wireless is seeking a stake in the proposed
+Japanese telecommunications rival to Kokusai Denshin Denwa.
+    But the Japanese minister for post and telecommunications
+was reported as saying that he opposed Cable and Wireless
+having a managerial role in the new company.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15527" NEWID="10006">
+<DATE>26-MAR-1987 12:20:34.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1755&#31;reute
+u f BC-GENCORP&lt;GY>-TO-BUILD   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP&lt;GY> TO BUILD 50 MLN DLR PLANT IN INDIANA</TITLE>
+<DATELINE>    AKRON, Ohio, March 26 - </DATELINE><BODY>GenCorp said it plans to build a 50
+mln dlr manufacturing facility in Shelbyville, Ind.
+    The company said it will begin building the plant, where it
+will produce reinforced plastic components for cars and trucks,
+this May with an expected completion date in mid-1988.
+    GenCorp said its DiversiTech General unit will operate the
+plant through its reinforced plastics division.
+    "We believe the use of reinforced plastics in cars and
+trucks will grow," A. William Reynolds, GenCorp chairman and
+chief executive officer said as the reason for building the
+plant.
+    "Our investment in the Shelbyville plant reflects the
+confidence we have in the future of this product line,"
+Reynolds added.
+    GenCorp said the plant will create 500 new jobs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15528" NEWID="10007">
+<DATE>26-MAR-1987 12:21:18.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1761&#31;reute
+r f BC-JONES-INTERNATIONAL-R   03-26 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JONES INTERNATIONAL REALIGNS SUBSIDIARIES</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 26 - </DATELINE><BODY>&lt;Jones International Ltd> said
+it realigned several subsidiaries to accommodate corporate
+strategy.
+    Jones said ultimate control of the subsidiaries will remain
+unchanged under the realignment.
+    Jones said it will exchange approximately 97 pct of its
+holdings of the common stock of Jones Intercable Inc &lt;JOIN> for
+Class A common stock of Jones Spacelink Ltd &lt;SPLK>. The company
+said the move will enable Spacelink to elect 75 pct of
+Intercable's directors.
+    In addition, Jones said 60 pct of the common stock of its
+subsidiary, &lt;The Jones Group Ltd>, will be exchanged for Class
+A common stock of Jones Spacelink Ltd.
+    Following the exchange, Jones International's ownership of
+Spacelink Class A voting stock will increase to approximately
+89 pct.
+    Jones International said it will retain approximately two
+pct of the common stock and approximately four pct of the Class
+A common stock of Jones Intercable as well as the remaining 40
+pct of the Jones Group stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15529" NEWID="10008">
+<DATE>26-MAR-1987 12:21:42.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1764&#31;reute
+d f BC-QUESTECH-INC-&lt;QTEC>-Y   03-26 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUESTECH INC &lt;QTEC> YEAR NET</TITLE>
+<DATELINE>    MCLEAN, Va., March 26 - 
+    </DATELINE><BODY>Shr loss nil vs profit 19 cts
+    Net loss 3,175 vs profit 284,945
+    Revs 13.6 mln vs 10.6 mln
+    Year
+    Shr profit 13 cts vs profit 56 cts
+    Net profit 195,202 vs profit 857,006
+    Revs 47.5 mln vs 42.9 mln
+    Note: Current year net includes charge against discontinued
+operations of 1,060,848 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15530" NEWID="10009">
+<DATE>26-MAR-1987 12:22:10.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1766&#31;reute
+u f BC-ASLK-CGER-FINANCE-ISS   03-26 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASLK-CGER FINANCE ISSUES 10 BILLION YEN BOND</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>ASLK-CGER Finance NV is issuing a 10
+billion yen eurobond due April 10, 1994 with a 5-1/2 pct coupon
+and priced at 101-1/2 pct, lead manager IBJ International Ltd
+said.
+    The bonds are guaranteed by Belgian savings bank ASLK-CGER
+Bank and have all been pre-placed. They will be issued in
+denominations of one mln yen and listed in Luxembourg.
+    Fees comprise 5/8 pct for management and underwriting
+combined, with a 1/8 pct praecipuum, and 1-1/4 pct for selling.
+Pay date is April 10.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15531" NEWID="10010">
+<DATE>26-MAR-1987 12:23:03.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1768&#31;reute
+f f BC-******UAW-STRIKES-GM   03-26 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UAW STRIKES GM TRUCK AND BUS PLANT AT PONTIAC, MICH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15532" NEWID="10011">
+<DATE>26-MAR-1987 12:26:06.29</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f1773&#31;reute
+u f BC-CANADA-OIL-EXPORTS-RI   03-26 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA OIL EXPORTS RISE 20 PCT IN 1986</TITLE>
+<DATELINE>    OTTAWA, March 26 - </DATELINE><BODY>Canadian oil exports rose 20 pct in 1986
+over the previous year to 33.96 mln cubic meters, while oil
+imports soared 25.2 pct to 20.58 mln cubic meters, Statistics
+Canada said.
+    Production, meanwhile, was unchanged from the previous year
+at 91.09 mln cubic feet.
+    Natural gas exports plunged 19.4 pct to 21.09 billion cubic
+meters, while Canadian sales slipped 4.1 pct to 48.09 billion
+cubic meters.
+    The federal agency said that in December oil production
+fell 4.0 pct to 7.73 mln cubic meters, while exports rose 5.2
+pct to 2.84 mln cubic meters and imports rose 12.3 pct to 2.1
+mln cubic meters.
+    Natural gas exports fell 16.3 pct in the month 2.51 billion
+cubic meters and Canadian sales eased 10.2 pct to 5.25 billion
+cubic meters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15533" NEWID="10012">
+<DATE>26-MAR-1987 12:26:42.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1775&#31;reute
+u f BC-PRU-BACHE-ANALYST-REA   03-26 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRU BACHE ANALYST REAFFIRMS BULLISH MARKET CALL</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Joseph Feshbach, chief market analyst
+at Prudential-Bache Securities, said the stock market is poised
+to climb above Dow Jones Industrial 2500 level by June.
+    The Dow average is around 2380 today.
+    "Liquidity is the biggest fundamental factor in the market
+and money coming out of fixed income funds and flowing into
+equities will propel the market sharply higher," Feshbach said,
+noting that the market's peak will occur in June.
+    Feshbach said that in early January he predicted that the
+Dow Jones Industrial average, the most closely watched market
+barometer, would reach the 2400 level by April and the 2500
+level by June. He said he is now even more optimistic, saying
+"the market is ready for a 150 point rise from current levels
+any day now."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15534" NEWID="10013">
+<DATE>26-MAR-1987 12:27:23.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1779&#31;reute
+u f BC-LLOYD'S-APPOINTS-NEW   03-26 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLOYD'S APPOINTS NEW OUTSIDE COUNCIL MEMBERS</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Four new outsiders were appointed to the
+policy-making Council of the Lloyd's of London insurance
+market, shifting the voting balance on the Council away from
+Lloyd's professionals, Lloyd's said.
+    It said in a statement the appointments of the new members,
+none of them previously involved in the insurance market, were
+made to comply with the core recommendation in the Neill report
+into regulation at Lloyd's, which was published on January 22.
+    The recommendation, one of 70 to improve investor
+protection in the Lloyd's market, was to reduce the number of
+elected working members, Lloyd's professionals, from 16 to 12.
+    Simultaneously, the number of outsiders would be increased
+by four while the number of external Council members, usually
+Lloyd's investors without an active role in the market, would
+remain unchanged at eight.
+ Lloyd's said the four newly-appointed Council members were
+barrister Elizabeth Mary Freeman, Sir Maurice Hodgson,
+non-executive chairman of British Home Stores Plc, Lloyd's Bank
+Plc chairman Sir Jeremy Morse, and Brian Pomeroy, an accountant
+who sat on the three-member Neill enquiry panel.
+    They replace the four Lloyd's professionals who resigned on
+April 4 after Lloyd's agreed to implement the recommendation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15535" NEWID="10014">
+<DATE>26-MAR-1987 12:27:45.45</DATE>
+<TOPICS><D>coffee</D><D>cocoa</D><D>sugar</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nycsce</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1783&#31;reute
+d f BC-COFFEE,-SUGAR-AND-COC   03-26 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE, SUGAR AND COCOA EXCHANGE NAMES CHAIRMAN</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>The New York Coffee, Sugar and Cocoa
+Exchange (CSCE) elected former first vice chairman Gerald
+Clancy to a two-year term as chairman of the board of managers,
+replacing previous chairman Howard Katz.
+    Katz, chairman since 1985, will remain a board member.
+    Clancy currently serves on the Exchange board of managers
+as chairman of its appeals, executive, pension and political
+action committees.
+    The CSCE also elected Charles Nastro, executive vice
+president of Shearson Lehman Bros, as first vice chairman.
+Anthony Maccia, vice president of Woodhouse, Drake and Carey,
+was named second vice chairman, and Clifford Evans, president
+of Demico Futures, was elected treasurer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15536" NEWID="10015">
+<DATE>26-MAR-1987 12:28:11.69</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1785&#31;reute
+u f BC-MOST-EC-STATES-SAID-T   03-26 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOST EC STATES SAID TO BE AGAINST OILS/FATS TAX</TITLE>
+<DATELINE>    BRUSSELS, March 26 - </DATELINE><BODY>A majority of European Community (EC)
+member states are either against or have strong reservations
+over a tax on both imported and domestically-produced oils and
+fats proposed by the European Commission, senior diplomats
+said.
+    They said a special committee of agricultural experts from
+EC member states had voiced strong objections over the measure
+during a meeting charged with preparing the ground for the
+annual EC farm price-fixing which begins next Monday.
+    They added that only France and Italy had indicated they
+would support the Commission proposal which would lead to a tax
+initially of 330 Ecus per tonne during the 1987/88 price round.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15537" NEWID="10016">
+<DATE>26-MAR-1987 12:30:59.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1797&#31;reute
+u f BC-ROWNTREE-SEEKS-200-ML   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROWNTREE SEEKS 200 MLN STG FACILITY, CP PROGRAM</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Rowntree Mackintosh Plc is seeking a 200
+mln stg, five year multiple option facility, of which 150 mln
+stg will be committed, and a 200 mln stg commercial paper
+program, County Natwest Capital Markets Ltd said as arranger.
+    The facility includes options for sterling acceptances,
+multi-currency advances, sterling and dollar notes via tender
+panels and there is also a sterling swingline.
+    The committed portion carries a facility fee of five basis
+points and a margin of ten.  A 2-1/2 basis point utilisation
+fee is payable on drawings of more than half the committed
+portion.
+    The 200 mln stg commercial paper program will include a
+dollar option, County Natwest said.
+    A County Natwest official said the facility, launched
+earlier this week, seemed to be progressing well in
+syndication.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15551" NEWID="10017">
+<DATE>26-MAR-1987 12:33:25.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1813&#31;reute
+u f BC-TALKING-POINT/CONRAIL   03-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/CONRAIL &lt;CRR></TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Private investors eagerly snapped up
+shares of Consolidated Rail Corp, the biggest initial stock
+offering in U.S. history, but some analysts warned they could
+be in a for a bumpy ride at least in the near term.
+    Analyst James Voytko of PaineWebber Group Inc believes some
+investors who bought at the offering price of 28 dlrs will be
+tempted to sell. The shares climbed 3-3/8 to 31-3/8 by midday.
+Voytko said profit-taking pressure could become severe at the
+35 dlr level. Others say Conrail, a combination of previously
+bankrupt railroads, has good long term potential.
+    "Conrail is in the best position to weather the current
+tremendous price competition in the transportation industry in
+general," said Drew Robertson, analyst at Atlantic Systems Inc,
+a research firm.
+    "It will survive and do damn well," said another analyst
+who declined to be identified. He noted that Conrail's freight
+trains serve heavy industry including steel and autos in major
+U.S. cities in the northeast U.S. and midwest.
+    Robertson noted that Conrail's traffic is less dependent on
+coal than other railroads based in the east. He expects Conrail
+to earn 2.85 dlrs per share in 1987.
+    Voytko of PaineWebber sees another problem six months down
+the road when more than 10 mln Conrail shares will be
+distributed to current and former employees. He believes many
+of these indivdiuals will be inclined to sell the stock.
+    Robertson says it's hard to determine the psychology of the
+average employe, but even if a lot of stock is sold, it would
+would not hit the market as one big block. He doubts it would
+create a big downward push on the price.
+    "It's hard to call," said the analyst who requested
+anonymity. In some cases employe loyalty may motivate
+individuals to keep their shares, he said.
+    Steven Lewins, analyst for Citicorp Investment Management,
+believes the key to Conrail's long term outlook is how it is
+able to invest surplus cash. He expects Conrail to earn 3.00
+dlrs per share this year, flat in comparison with 1986, but by
+1991 the picture could change dramatically if money not needed
+for rail operations is invested wisely.
+    By 1991, earnings could reach 4.30 dlrs per share, Lewins
+said, factoring in reinvestment of free cash flow at
+conservative rates.
+    He believes motor freight will be one area of
+diversification Conrail will explore.
+    Elizabeth Dole, U.S. Secretary of Transportation, whose
+department was responsible for the sale of Conrail, noted that
+Conrail is required to reinvest in its rail system and cannot
+defer necessary maintenance.
+    For the historic offering of Conrail shares, Dole visited
+the New York Stock Exchange and was photographed on the floor
+wearing a locomotive engineer's cap, which she presented to
+Stanley Crane, Conrail chairman and chief executive.
+    The U.S. government is expected to receive about 1.88
+billion dlrs for Conrail after factoring in underwriting fees
+and other adjustments.
+    The possibility of a recession at some time in the next
+five years is another issue troubling some investors.
+    Lewins says revenue-ton-miles, which he believes will climb
+from 68.7 mln miles last year to 69.5 mln this year and 70.5
+mln in 1988, will grow to 71.5 mln in 1991, but in a recession
+year, perhaps 1989, the figure could dip to 64.2 mln.
+    On the revenue side, he believes revenue per ton-mile will
+be 4.7 cts in 1991, little changed from present levels and
+exactly the same as in 1981.
+    "Their basic business isn't going anywhere," he says,
+explaining why emphasizes investment of cash flow.
+    Voytko thinks Conrail can remain profitable in a recession
+year. He points out his firm, PaineWebber, is not forecasting a
+recession in any specific year, but as an example a 1990
+recession of modest degree could knock earnings down to 2.20
+dlrs per share. He estimated 3.00 dlrs per share this year and
+3.35 dlrs next year. His 1988 figure reflects mostly a lowering
+of the tax rate to 34 pct from 40 pct this year.
+    Voytko believes the Conrail shares merit purchase at the 26
+dlr level.
+    Goldman, Sachs and Co was lead manager for the offering. A
+total of 148 firms took part in the U.S. syndicate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15538" NEWID="10018">
+<DATE>26-MAR-1987 12:33:57.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1818&#31;reute
+r f BC-GOULD&lt;GLD>-COMPLETES   03-26 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOULD&lt;GLD> COMPLETES SALE OF FRENCH BATTERY UNIT</TITLE>
+<DATELINE>    ROLLING MEADOWS, Ill., March 26 - </DATELINE><BODY>Gould Inc said it has
+completed the sale of its French battery business, Compagnie
+Francaise D'Electro Chimie, to a group of investors including
+the unit's employees and &lt;GNB Inc> of Minnesota.
+    Gould did not disclose terms of the deal.
+    Gould said the move is part of its previously announced
+plan to divest assets unrelated to its computer and electronics
+businesses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15539" NEWID="10019">
+<DATE>26-MAR-1987 12:34:24.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1823&#31;reute
+r f BC-CMS-ENHANCEMENTS-&lt;ACM   03-26 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CMS ENHANCEMENTS &lt;ACMS> GETS CREDIT LINE</TITLE>
+<DATELINE>    TUSTIN, Calif., March 26 - </DATELINE><BODY>CMS Enhancements Inc said it has
+obtained a ten mln dlr line of credit from Bank of the West,
+effective immediately.
+    The credit line will be used in part to fund additional
+growth, including research and development of new products, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15540" NEWID="10020">
+<DATE>26-MAR-1987 12:37:48.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1836&#31;reute
+d f BC-EXOVIR-&lt;XOVR>-TO-GET   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXOVIR &lt;XOVR> TO GET EUROPEAN PATENT</TITLE>
+<DATELINE>    GREAT NECK, N.Y., March 26 - </DATELINE><BODY>Exovir Inc said the European
+Patent Office notified it that its application covering
+combinations of nonionic surfactants and all forms of
+interferon has been approved and a patent will be issued in
+about six months.
+    Exovir is completing trials of a gel combining alpha
+interferon and nonoxynol-9, an antiviral surfactant, as a
+treatment for genital and oral herpes and genital warts. The
+gel was given a U.S. patent in 1985.
+    It said clinical tests will begin shortly to test whether
+the gel is effective in preventing transmission of the AIDS
+virus when used with a condom.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15541" NEWID="10021">
+<DATE>26-MAR-1987 12:38:09.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1839&#31;reute
+d f BC-resending   03-26 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGHER U.S. WEEKLY CAR OUTPUT ESTIMATED</TITLE>
+<DATELINE>    DETROIT, March 26 - </DATELINE><BODY>U.S. automakers are expected to build
+167,236 cars this week, up from 133,067 in the same year-ago
+period, said the trade publication Ward's Automotive Reports.
+    It said year-to-date car production would reach 2,012,093
+compared to 2,126,954 in the 1986 period.
+    Domestic truck production for the week was seen as rising
+to 70,033 from 58,506. Year to date, it was projected at
+937,163 compared to 882,230 in the 1986 period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15542" NEWID="10022">
+<DATE>26-MAR-1987 12:38:22.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1840&#31;reute
+r f BC-CIRCLE-K-&lt;CKP>-OFFICI   03-26 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRCLE K &lt;CKP> OFFICIAL INCREASES HOLDINGS</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 26 - </DATELINE><BODY>Circle K Corp said its chairman,
+Karl Eller, will buy 750,000 shares of Circle K common stock
+from the company's founder and Vice Chairman, Fred Hervey, in a
+private transaction.
+    After the sale, Hervey will directly or beneficially own
+6,764,004 shares, or 13.61 pct of Circle K stock and Eller will
+hold 2,873,300 shares, of 5.78 pct of the stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15543" NEWID="10023">
+<DATE>26-MAR-1987 12:40:02.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1852&#31;reute
+d f BC-SHOE-TOWN-INC-&lt;SHU>-Y   03-26 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHOE TOWN INC &lt;SHU> YEAR ENDED JAN THREE 1987</TITLE>
+<DATELINE>    TOTOWA, N.J., March 26 -
+    </DATELINE><BODY>Shr 51 cts vs 75 cts
+    Net 5,524,000 vs 8,094,000
+    Revs 142.4 mln vs 137.2 mln
+    NOTE: 1986 and 1985 year net includes loss 785,000 dlrs or
+eight cts a share and 59,000 dlrs or one ct a share,
+respectively, for discontinued operations.
+    1985 year ended December 28, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15544" NEWID="10024">
+<DATE>26-MAR-1987 12:40:16.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1854&#31;reute
+d f BC-EASTERN-AIR-&lt;TXN>-SEE   03-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTERN AIR &lt;TXN> SEEKS MORE ARGENTINA FLIGHTS</TITLE>
+<DATELINE>    MIAMI, March 26 - </DATELINE><BODY>Texas Air Corp's Eastern Airlines Inc
+said it asked the U.S. Department of Transportation to approve
+an increase in the number of its weekly roundtrip flights to
+Buenos Aires to 11 from five.
+    It said if several of Pan Am Corp's &lt;PN> one-stop flights
+to Buenos Aires were terminated in Rio de Janeiro, Eastern
+could add four non-stop flights from the U.S.
+    The expanded weekly schedule would include seven nonstop
+flights from Miami, two from New York, and two one-stop flights
+from Los Angeles via Lima. It asked for the change by June 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15545" NEWID="10025">
+<DATE>26-MAR-1987 12:40:43.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1858&#31;reute
+r f BC-FIRST-WISCONSIN-&lt;FWB>   03-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST WISCONSIN &lt;FWB> TO BUY MINNESOTA BANK</TITLE>
+<DATELINE>    MILWAUKEE, Wis., March 26 - </DATELINE><BODY>First Wisconsin Corp said it
+plans to acquire Shelard Bancshares Inc for about 25 mln dlrs
+in cash, its first acquisition of a Minnesota-based bank.
+    First Wisconsin said Shelard is the holding company for two
+banks with total assets of 168 mln dlrs.
+    First Wisconsin, which had assets at yearend of 7.1 billion
+dlrs, said the Shelard purchase price is about 12 times the
+1986 earnings of the bank.
+    It said the two Shelard banks have a total of five offices
+in the Minneapolis-St. Paul area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15546" NEWID="10026">
+<DATE>26-MAR-1987 12:40:52.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1859&#31;reute
+r f BC-IMRE-&lt;IMRE>-COMPLETES   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMRE &lt;IMRE> COMPLETES PRIVATE STOCK PLACEMENT</TITLE>
+<DATELINE>    SEATTLE, March 26 - </DATELINE><BODY>IMRE Corp said it completed a private
+placement of about 400,000 shares of its securities with a
+group of European institutions for 2.5 mln dlrs.
+    The company said proceeds will be used for working capital
+and to implement the company's business plan.
+    IMRE also said it has established a light manufacturing
+facility in Richmond, Washington that makes raw material
+components for Prosorba column, a medical device that removes
+disease-related immune components from the human bloodstream.
+    The company is awaiting Food and Drug Administration
+approval on the device.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15547" NEWID="10027">
+<DATE>26-MAR-1987 12:41:04.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1860&#31;reute
+d f BC-AMERICAN-NURSERY-PROD   03-26 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN NURSERY PRODUCTS &lt;ANSY> 3RD QTR NET</TITLE>
+<DATELINE>    TAHLEQUAH, OKLA., March 26 - </DATELINE><BODY>Period ended Feb 28
+    Shr profit five cts vs profit four cts
+    Net profit 191,000 vs profit 108,000
+    Sales 6,561,000 vs 5,896,000
+    Nine mths
+    Shr loss 28 cts vs loss 40 cts
+    Net loss 871,000 vs loss 990,000
+    Sales 9,310,000 vs 8,894,000
+    Avg shrs 3,086,386 vs 2,465,996
+    NOTE: Full name is American Nursery Products Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15548" NEWID="10028">
+<DATE>26-MAR-1987 12:41:30.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1864&#31;reute
+h f BC-CLINICAL-DATA-&lt;CLDA>   03-26 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLINICAL DATA &lt;CLDA> AWARDED RESEARCH CONTRACTS</TITLE>
+<DATELINE>    BOSTON, March 26 - </DATELINE><BODY>Clinical Data Inc said it has contracts
+with four major pharmaceutical firms to analyze certain data in
+research studies evaluating the efficacy and safety of new
+cardiovascular drugs.
+    It said the contracts exceed 500,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15549" NEWID="10029">
+<DATE>26-MAR-1987 12:43:18.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1871&#31;reute
+f f BC-******DUN/BRADSTREET   03-26 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DUN/BRADSTREET SAYS BUSINESS FAILURES UP 10.8 PCT IN FEBRUARY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15550" NEWID="10030">
+<DATE>26-MAR-1987 12:44:43.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1875&#31;reute
+u f BC-UAW-STRIKES-GENERAL-M   03-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW STRIKES GENERAL MOTORS &lt;GM> PLANT</TITLE>
+<DATELINE>    PONTIAC, Mich., March 26 - </DATELINE><BODY>The United Auto Workers struck
+General Motors Corp's truck and bus plants at Pontiac, Mich,
+General Motors said.
+    General Motors' truck and bus group failed to reach an
+agreement on local issues with UAW Local 594 by the union's
+deadline of noon today, causing a strike by 9,000 hourly
+workers at the facility, the company said.
+    General Motors said it was "eager" to continue meeting with
+union officials on the dispute. It was not immediately clear
+whether contract talks were continuing at the facility.
+    General Motors spokesman Frank Cronin said the three plants
+at Pontiac stopped working "as of noon today."
+    He said talks will resume Friday at 1000 EST in Pontiac.
+"We're hoping (the strike) will be of very brief duration,"
+Cronin said.
+    Bus-manufacturing operations at one of the three
+plants--the Pontiac Central facility--are being sold to
+Greyhound Corp &lt;G>, although GM will retain the facility.
+    Cronin said about 400 workers on the bus line will be laid
+off "whenever we fulfill production commitments" on the buses,
+"possibly in May."
+    The Pontiac Central plant also makes medium- and heavy-duty
+trucks. Assembly of the medium trucks is scheduled to move to
+Janesville, Wis., in 1990, Chronin said.
+    Heavy truck operations at the plant will be taken over by
+GM's joint venture with Volvo AB, and all vehicle assembly
+operations at the facility will eventually be ended, Chronin
+said. The plant also has sheet metal operations, which are so
+far unaffected, he said.
+    The other two plants at Pontiac--Pontiac East and Pontiac
+West--make full-size pickups and sport utility vehicles.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15552" NEWID="10031">
+<DATE>26-MAR-1987 12:46:03.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1880&#31;reute
+r f BC-S.P.I.-SUSPENSION-&lt;SP   03-26 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S.P.I. SUSPENSION &lt;SPILF> WINS CONTRACT</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>S.P.I. Suspension and Parts Industries
+Ltd said it won four multi-year contracts from the U.S. Army
+worth 34.5 mln dlrs.
+    The contracts, for wheels on U.S. Army vehicles, will run
+for five years beginning 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15553" NEWID="10032">
+<DATE>26-MAR-1987 12:46:20.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1881&#31;reute
+d f BC-DISCUS-CORP-&lt;DISC>-4T   03-26 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DISCUS CORP &lt;DISC> 4TH QTR LOSS</TITLE>
+<DATELINE>    BLOOMINGTON, Minn., March 26 -
+    </DATELINE><BODY>Shr loss six cts vs loss seven cts
+    Net loss 125,000 vs loss 140,000
+    Rev 2.4 mln vs 2.2 mln
+    Year
+    Shr loss 13 cts vs loss 14 cts
+    Net loss 271,000 vs loss 211,000
+    Rev 10.1 mln vs 8.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15554" NEWID="10033">
+<DATE>26-MAR-1987 12:48:35.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1886&#31;reute
+b f BC-******ENTERTAINMENT-P   03-26 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ENTERTAINMENT PUBLICATIONS DISCONTINUES THREE UNITS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15555" NEWID="10034">
+<DATE>26-MAR-1987 12:49:18.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1887&#31;reute
+d f BC-CFTC-OFFICIALS-SEE-NO   03-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CFTC OFFICIALS SEE NO MERGER WITH SEC</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Officials of the Commodity Futures
+Trading Commission (CFTC) said merging the agency with the
+Securities and Exchange Commission (SEC) would not help
+regulation of commodities and securities markets.
+    "I don't think that a merger would solve regulatory
+problems," CFTC chairman Susan Phillips told the House
+Subcommittee on Conservation, Credit and Rural Development.
+    "I think what does solve our problems would be working with
+other agencies in a strong capacity," she said in response to a
+question. "We don't want agencies to trample on our
+jurisdiction either."
+    CFTC Commissioner Fowler West said, "We ... do not have the
+expertise to regulate securities markets. I don't think the SEC
+has the expertise to regulate the futures markets."
+    Increased attention to price volatility in stock index
+futures markets and reports of alleged futures trading abuses
+have raised concerns Congress may adopt a radically different
+regulatory structure for securities and futures markets.
+    Rep. John Dingell (D-Mich.), chairman of the House Energy
+and Commerce Committee, which has jurisdiction over securities
+regulation, has said he will hold hearings on the questions of
+market volatility and alleged trading abuses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15556" NEWID="10035">
+<DATE>26-MAR-1987 12:49:31.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1889&#31;reute
+b f BC-*****ENTERTAINMENT-PU   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>ENTERTAINMENT PUBLICATIONS SEES 31 CTS/SHR 3RD QTR LOSS ON UNITS DISPOSAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15557" NEWID="10036">
+<DATE>26-MAR-1987 12:50:43.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>poland</D></PLACES>
+<PEOPLE><D>jaruzelski</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1894&#31;reute
+u f BC-POLAND-FIRM-ON-ECONOM   03-26 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLAND FIRM ON ECONOMY DESPITE CONCESSIONS</TITLE>
+<AUTHOR>    By Irena Czekierska, Reuters</AUTHOR>
+<DATELINE>    WARSAW, March 26  - </DATELINE><BODY>The Polish government has backed down
+from some proposed price rises in the face of strong opposition
+from trade unions, but has restated its commitment to economic
+reforms entailing tougher discipline and austerity measures.
+    Following a warning from the officially-backed OPZZ unions
+that sharp price hikes could spark confrontation, the
+government has agreed that food prices this year will rise an
+average 9.6 pct instead of the planned 13 pct.
+    A statement last night said the government had "partially
+accepted" demands for the protection of the low-paid and agreed
+to extend some social benefits.
+    But Polish leader Wojciech Jaruzelski, at a separate
+meeting yesterday, sharply criticised the slow pace of reforms.
+    He told an economic commission that tougher discipline and
+austerity measures, greater efficiency and initiative should
+replace waste, red tape and inertia. He announced cost-cutting
+measures affecting central administrative bodies.
+    OPZZ economic expert Zbigniew Kochan welcomed the move on
+food prices. "This decrease was considerable," Kochan told
+Reuters today. "Also important is the fact that the government
+admitted we were right and agreed to consult us over prices
+from now on," he added.
+    The communique made no mention of curbs on wage increases,
+or price rises in sectors including transport and energy.
+    The authorities have said prices could go up by as much as
+26 pct as state subsidies are sharply reduced in an effort to
+make the market more free and to improve efficiency.
+    The OPZZ unions are officially recognised by the government
+and replaced the Solidarity movement suppressed under martial
+law. They claim a membership of seven million.
+    Western diplomats said today the climb-down on food prices
+was a limited concession. "This is a small price to pay if they
+can push through the other price rises," one said, adding that
+fuel and energy rises would have a more significant effect.
+    He noted that there had been a concerted media campaign to
+prepare people for price rises, including a major article in a
+mass-circulation women's magazine, "clearly aimed at those who
+do the shopping," he said.
+    Other articles in the official press this week have focused
+on coal, which sells to both industrial and private consumers
+at far less than either the production or export costs.
+    Countering scepticism from opposition sources and former
+Solidarity activists as to OPZZ's role, Kochan said "It was
+definitely not a question of gaining credibility, but true
+concern for people's living standards."
+    Deputy Prime Minister Jozef Koziol said the authorities'
+main aim was not to harm workers' living standards. But he was
+also quoted by the official PAP news agency as saying the
+government had to take current economic realities into account.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15558" NEWID="10037">
+<DATE>26-MAR-1987 12:50:49.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1895&#31;reute
+r f BC-PAY-'N-PAK-STORES-INC   03-26 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAY 'N PAK STORES INC &lt;PNP> 4TH QTR FEB 28 NET</TITLE>
+<DATELINE>    KENT, Wash., March 26 -
+    </DATELINE><BODY>Shr 11 cts vs 13 cts
+    Net 1,129,000 vs 1,301,000
+    Revs 83.2 mln vs 74.5 mln
+    Year
+    Shr 57 cts vs 82 cts
+    Net 5,686,000 vs 8,168,000
+    Revs 398.4 mln vs 333.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15559" NEWID="10038">
+<DATE>26-MAR-1987 12:50:57.93</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1896&#31;reute
+r f BC-corrected---mobil   03-26 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED) - MOBIL &lt;MOB> TO UPGRADE REFINERY UNIT</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Mobil Corp said it will spend over 30
+mln dlrs to upgrade a gasoline-producing unit at its Beaumont,
+Texas, refinery.
+    It said the unit is a catalytic reformer, which converts
+low-octane components of gasoline into high-octane components
+for use in Super Unleaded gasoline.
+    The company said the modernization will allow the unit to
+regenerate catalysts on a continuous basis without shutdown.
+Currently, it must be shut twice a year.  The unit produces
+46,000 barrels of gasoline components a day.  Construction will
+start late this year, with completion set for mid-1989.
+    (Correcting unit's output to barrels/day from barrels/year)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15560" NEWID="10039">
+<DATE>26-MAR-1987 12:59:20.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1921&#31;reute
+d f BC-CFTC-SPECULATIVE-LIMI   03-26 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CFTC LIMIT PLAN MAY NOT REVERSE LIQUIDITY DROP</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>A proposal by the Commodity Futures
+Trading Commission, CFTC, to raise federal limits on futures
+speculative positions for certain agricultural commodity
+contracts would not reverse a decline in liquidity in those
+markets that started in 1981, two CFTC commissioners said.
+    Commissioners William Seale and Kalo Hineman told a House
+Agriculture subcommittee a recent proposal that would have the
+effect of raising deferred month speculative position limits on
+several agricultural commodity contracts would not
+substantially increase liquidity in those months.
+    "I seriously doubt that increasing speculative limits will
+create a great deal of liquidity in the back months," Seale
+told the House Agriculture Subcommittee on Conservation, Credit
+and Rural Development.
+    Analysts have attributed much of the liquidity squeeze to a
+1981 tax law change, which by changing the treatment of
+so-called straddles limited the ability of futures commission
+merchants to roll positions forward for tax purposes.
+    CFTC Chairman Susan Phillips said only that the commission
+would take into account Congress' recommendation that federal
+speculative limits be raised.
+    The Chicago Board of Trade and the MidAmerica Commodity
+Exchange have expressed concern that the CFTC plan would
+decrease spot month limits for certain of their contracts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15561" NEWID="10040">
+<DATE>26-MAR-1987 13:00:01.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1926&#31;reute
+d f BC-AMERICAN-NURSERY-PROD   03-26 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN NURSERY PRODUCTS &lt;ANSY> 3RD QTR NET</TITLE>
+<DATELINE>    TAHLEQUAH, Okla., March 26 - </DATELINE><BODY>Qtr ends Feb 28
+    Shr profit five cts vs profit four cts
+    Net profit 191,000 vs profit 108,000
+    Revs 6,561,000 vs 5,896,000
+    Avg shrs 3.6 mln vs 2.5 mln
+    Nine mths
+    Shr loss 28 cts vs loss 40 cts
+    Net loss 871,000 vs loss 990,000
+    Revs 9,310,000 vs 8,894,000
+    Avg shrs 3.1 mln vs 2.5 mln
+    NOTE: Full name American Nursery Products Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15562" NEWID="10041">
+<DATE>26-MAR-1987 13:00:14.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1927&#31;reute
+d f BC-VOLVO-FINAL-RESULT-IM   03-26 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLVO 1986 RESULT OFF SLIGHTLY FROM 1985</TITLE>
+<DATELINE>    STOCKHOLM, March 26 - </DATELINE><BODY>AB Volvo &lt;VOLV.ST> said the weakening
+dollar caused the drop in its 1986 profits, but company chief
+executive Pehr Gyllenhammar said 1986 was one of Volvo's best
+years ever.
+    In its final report released earlier, the company said the
+group's 1986 profits before allocations and taxes was 7.53
+billion crowns  compared with 1985's 7.60 billion.
+    Despite the fall, Gyllenhammar said, "Sales of industrial
+products have never been higher, and Volvo Cars and Volvo
+Trucks were both completely sold out at year-end. Operating
+income was slightly higher than a year earlier."
+    He said the company's financial strength gave it
+exceptional opportunities to invest for the future.
+    Although industrial sales were up, the company's yearend
+report said total sales were 84.09 billion crowns against
+1985's 86.19 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15563" NEWID="10042">
+<DATE>26-MAR-1987 13:00:46.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1929&#31;reute
+h f BC-&lt;MERIDIAN-ENERGY>,-CA   03-26 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MERIDIAN ENERGY>, CASTONE END LETTER OF INTENT</TITLE>
+<DATELINE>    CHICAGO, March 26 - </DATELINE><BODY>&lt;Meridian Energy Inc> and Castone
+Development Corp, a privately-held company, jointly announced
+that they have decided to terminate the letter of intent under
+which Meridian would have acquired Castone.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15564" NEWID="10043">
+<DATE>26-MAR-1987 13:06:17.40</DATE>
+<TOPICS><D>iron-steel</D><D>ship</D></TOPICS>
+<PLACES><D>taiwan</D><D>south-korea</D><D>japan</D><D>china</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1955&#31;reute
+r f BC-REPORT-EXPECTS-SHARP   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPORT EXPECTS SHARP DROP IN WORLD IRON IMPORTS</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>World seaborne iron ore imports will
+fall sharply by the year 2000 with declining imports to the EC
+and Japan only partially offset by increased demand from South
+East Asia, a report by Ocean Shipping Consultants said.
+    The report predicts annual world seaborne iron ore imports
+of 267.7 mln tonnes by 2000 versus 312.4 mln tonnes in 1985.
+    It estimates that total bulk shipping demand from the iron
+ore sector will fall by almost 10 pct, or 200 billion tonne
+miles, with shipping demand associated with the coking trade
+down about 17 pct or 130 billion tonne miles.
+    The report sees EC imports falling to 91.7 mln tonnes in
+2000 from 123.6 mln in 1985 with Japanese imports falling to 89
+mln from 124.6 mln tonnes. Imports to South East Asia are seen
+rising to 58.6 mln from 32.6 mln tonnes in 1985.
+    It predicts that EC steel production will fall to 109 mln
+tonnes in 2000 from 135.7 mln in 1985 with Japanese production
+falling to 92 mln from 105.3 mln.
+    South Korea and Taiwan are expected to double their output
+to 40 mln tonnes with Chinese production increasing by 25 mln
+tonnes to 80 mln, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15565" NEWID="10044">
+<DATE>26-MAR-1987 13:06:50.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1960&#31;reute
+d f BC-ROYCE-&lt;RLAB>-TO-REDEE   03-26 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYCE &lt;RLAB> TO REDEEM WARRANTS</TITLE>
+<DATELINE>    MIAMI, March 26 - </DATELINE><BODY>Royce Laboratories Inc said it is calling
+for redemption its redeemable common purchase warrants on April
+30 at 2.5 cts per warrant.
+    It said warrant holders retain the right to purchase one
+share of its common at an exercise price of three dlrs per
+share until 1700 EST April 29.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15566" NEWID="10045">
+<DATE>26-MAR-1987 13:07:08.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1961&#31;reute
+b f BC-DUN/BRADSTREET-&lt;DB>-S   03-26 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUN/BRADSTREET &lt;DB> SAYS BUSINESS FAILURES UP</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Dun and Bradstreet Corp said business
+failures in February increased 10.8 pct, to 5,390, from 4,864
+in February 1986.
+    "The national level of business failures continues to be
+driven upward by substantial increases in the oil and
+agricultural states," Dun said.
+    Dun said that of the nine U.S. Bureau of the Census
+regions, three reported a decrease in the number of failures
+and two had gains of less than 3.0 pct.
+    The largest increase was reported in the West South Central
+states, Dun said, with business failures rising 47.8 pct, to
+1,218.
+    The East South Central states posted a 44 pct rise, to 298,
+Dun said, while the West North Central states recorded a 27.3
+pct gain, to 489.
+    The greatest decline, Dun reported, was registered by the
+Middle Atlantic states, down 8.2 pct in February, to 324.
+    The Pacific states also reported a large decline in failing
+businesses, off 6.8 pct, to 1,028, Dun said.
+    In the smokestack region of the East North Central states,
+there was a negligible decline of 0.6 pct, to 794, Dun said.
+    Dun said the Mountain states recorded a gain in business
+failures of 1.5 pct, to 530.
+    Business failures in the New England states rose 23.5 pct,
+to 105.
+    By industry segment, Dun said the largest gain was recorded
+by the agricultural, forestry and fishing sector, up 62.7 pct,
+to 345.
+    Year to date, Dun said business failures rose to 11,004, an
+increase of 5.3 pct over 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15567" NEWID="10046">
+<DATE>26-MAR-1987 13:08:21.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1966&#31;reute
+d f BC-GOLDFIELD-CORP-&lt;GV>-4   03-26 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDFIELD CORP &lt;GV> 4TH QTR NET LOSS</TITLE>
+<DATELINE>    MELBOURNE, Fla., March 26 -
+    </DATELINE><BODY>Shr loss four cts vs loss five cts
+    Net loss 527,065 vs loss 1,204,080
+    Revs 622,470 vs 613,205
+    Year
+    Shr profit four cts vs loss 13 cts
+    Net profit 1,099,778 vs loss 3,282,478
+    Revs 7,579,547 vs 6,068,254
+    NOTE: 1985 excludes loss from discontinued operations of
+four cts per share in the quarter and loss 10 cts in the year.
+1986 year excludes extraordinary gain of two cts a share.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15568" NEWID="10047">
+<DATE>26-MAR-1987 13:08:52.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f1970&#31;reute
+f f BC-******FED'S-HELLER-UR   03-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S HELLER URGES FORMING FINANCIAL SERVICES HOLDING COMPANIES TO STRENGTHEN BANKING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15569" NEWID="10048">
+<DATE>26-MAR-1987 13:09:45.98</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D><D>france</D></PLACES>
+<PEOPLE><D>balladur</D><D>lawson</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1973&#31;reute
+r f BC-BRITISH,-FRENCH-MINIS   03-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH, FRENCH MINISTERS DISCUSS PUBLIC SPENDING</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>French Finance Minister Edouard Balladur
+discussed the need to control public spending in talks here
+today with British Chancellor of the Exchequer Nigel Lawson, a
+Treasury spokesman said.
+    The spokesman said the ministers reviewed their economies,
+and public spending, domestic and European Community-wide.
+    He declined to comment on whether the subject of concerted
+action to shore up the dollar had arisen. The U.S. Currency
+dipped sharply earlier this week after a month of relative
+stability after an agreement by six major industrialised
+nations in Paris on February 22 to stabilise their currencies.
+REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15570" NEWID="10049">
+<DATE>26-MAR-1987 13:09:57.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1974&#31;reute
+b f BC-FED'S-HELLER-URGES-BR   03-26 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S HELLER URGES BROAD REFORM TO AID BANKING</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Federal Reserve Board Governor
+Robert Heller said the banking system could be strengthened by
+permitting formation of financial services holding companies
+involved in areas like banking, insurance, real estate and
+securities.
+    In a speech prepared for delivery in New York to the Bank
+and Financial Analysts' Association, Heller said, "I believe
+that increased diversification along geographic and product
+lines is the key to strengthening the American banking system."
+    He said he supported the idea of financial services holding
+companies advocated by the Association of Bank Holding
+Companies in which regulation of various bank, thrift,
+insurance, investment, securities and real estate subsidiaries
+would be handled on functional lines.
+    "Limits would be placed on the extension of credit by the
+bank to the associated institutions, and all transactions would
+have to be on an arms-length basis," Heller said.
+    Measures would be necessary to avoid abuse of the banks'
+special position by such holding companies or subsidiaries.
+    Heller said he "would require the holding company to serve
+as a 'source of strength' to the bank by making a commitment to
+maintain the bank's capital.
+    "In other words, the bank would not be allowed to fail as
+long as the holding company has a positive net worth."
+    Heller also said commercial enterprises should be permitted
+to own a financial services holding company, again with the
+provision that capital would flow to the financial enterprise
+if necessary.
+    Heller said the effects of these actions "would be banks
+that are at least as strong as the corporations holding them" in
+which customer deposits were assured while any incentive to
+"loot the bank" was removed.
+    Such diversification would give access to national and
+international financial services to corporations across the
+United States.
+    Heller said that would mean "the steady decline of America's
+banks in the world financial league tables would be arrested" by
+permitting them to become more competitive.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15571" NEWID="10050">
+<DATE>26-MAR-1987 13:11:37.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1977&#31;reute
+f f BC-******FEDERATED-DEPAR   03-26 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FEDERATED DEPARTMENT STORES INC UPS QTLY DIV BY 10.5 PCT, SETS 2-FOR-1 STOCK SPLIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15572" NEWID="10051">
+<DATE>26-MAR-1987 13:14:17.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1990&#31;reute
+r f BC-OUTBOARD-MARINE-&lt;OM>   03-26 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OUTBOARD MARINE &lt;OM> SELLS 9.15 PCT DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Outboard Marine Corp is raising 100
+mln dlrs via an offering of sinking fund debentures due 2017
+yielding 9.15 pct, said lead manager Salomon Brothers Inc.
+    The debentures have a 9-1/8 pct coupon and were priced at
+99.75 to yield 146 basis points over comparable Treasury bonds.
+Morgan Stanley co-managed the deal.
+    The issue is non-refundable for 10 years.  A sinking fund
+beginning in 1998 to retire annually five pct of the debt may
+be increased by 200 pct at the company's option, giving it an
+estimated minimum life of 13.85 years and maximum of 20.5
+years. The debt is rated Baa-2 by Moody's and BBB-plus by S/P.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15573" NEWID="10052">
+<DATE>26-MAR-1987 13:15:04.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1992&#31;reute
+r f BC-GOULD-&lt;GLD>-SELLS-FRE   03-26 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOULD &lt;GLD> SELLS FRENCH BATTERY UNIT</TITLE>
+<DATELINE>    ROLLING MEADOWS, March 26 - </DATELINE><BODY>Gould Inc said it sold its
+French Battery unit, Cie Francaise d'Electro Chimie, to a group
+of investors including the unit's employees and &lt;GNB Inc> of
+Minnesota.
+    Terms of the sale were not disclosed. The unit had 1986
+sales of 65 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15574" NEWID="10053">
+<DATE>26-MAR-1987 13:17:32.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2003&#31;reute
+r f BC-ADVANCED-GENETIC-SCIE   03-26 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED GENETIC SCIENCES &lt;AGSI> YEAR LOSS</TITLE>
+<DATELINE>    OAKLAND, Calif., March 26 -
+    </DATELINE><BODY>Shr loss 30 cts vs loss 73 cts
+    Net loss 3,895,267 vs loss 8,250,222
+    Revs 3,237,235 vs 234,745
+    Note: 4th qtr data not available
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15575" NEWID="10054">
+<DATE>26-MAR-1987 13:25:26.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2025&#31;reute
+u f BC-FEDERATED-DEPARTMENT   03-26 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED DEPARTMENT &lt;FDS> RAISES QTLY DIVIDEND</TITLE>
+<DATELINE>    CINCINNATI, March 26 - </DATELINE><BODY>Federated Department Stores Inc said
+it raised its quarterly common stock dividend to 74 cts a
+share, from 67 cts, an increase of 10.5 pct.
+    The company said it also approved a two-for-one stock split
+in the form of a 100 pct stock dividend.
+    At the same time, Federated said it will ask shareholders
+to approve an increase in the number of authorized shares to
+400 mln, from 200 mln.
+    Federated said the dividend is payable on a pre-split basis
+on April 24 to shareholders of record April 10.
+    New shares from the stock split will be distributed May 11,
+it said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15576" NEWID="10055">
+<DATE>26-MAR-1987 13:29:49.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2040&#31;reute
+r f BC-CFTC-SEES-NO-TRADING,   03-26 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CFTC SEES NO TRADING, TRIPLE WITCHING RULES</TITLE>
+<DATELINE>     WASHINGTON, March 26 - </DATELINE><BODY>The chairman of the CFTC, Susan
+Phillips, said she does not expect the CFTC to restrict dual
+trading or to intervene in the quarterly expiration of stock
+index futures and their options.
+     "At this time we have no plans to reexamine our policy (on
+dual trading)," she told the House Subcommittee on
+Conservation, Credit and Rural Development.
+    She said it would not be appropriate to ban dual trading
+because it would decrease market liquidity.
+    Dual trading refers to the ability of futures commission
+merchants to trade for their own as well as their clients'
+accounts. Exchange rules prohibit a broker from attempting to
+benefit from the market impact of a client's order by trading
+on his own account before placing the client's order.
+    CFTC has required all futures exchanges by July 1 to have
+implemented audit trails permitting the reconstruction of all
+trades to the nearest minute. The move was designed in part to
+discourage abuse of dual trading.
+    The board of directors of the Chicago Mercantile Exchange
+has proposed limiting but not banning dual trading in the
+Standard and Poor's 500 stock index future pit.
+    Phillips indicated the CFTC would not move beyond requiring
+improved audit trails in its effort to allay concerns about
+dual trading abuses.
+    "It would be inappropriate at this point until we see how
+the audit trail will work," she said in response to a question.
+    On triple-witching, Phillips said recent experiments by
+markets to quell price fluctuations have been quite successful
+and that users of securities and derivative instruments were
+still learning how to deal with the quarterly phenomenon.
+    Triple-witching refers to the simultaneous expiration of
+stock index futures, options on those futures and options on
+certain individual stocks.
+    The CFTC chairman noted the commission has heightened
+surveillance of markets on triple-witching day.
+    "We aren't sure any other regulatory changes are needed at
+this point," Phillips said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15577" NEWID="10056">
+<DATE>26-MAR-1987 13:30:19.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2041&#31;reute
+r f BC-TRINITY-INDUSTRIES-&lt;T   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRINITY INDUSTRIES &lt;TRN> AND UNIT CUT BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Standard and Poor's Corp said it cut
+to BB-minus from BB-plus Trinity Industries Inc's 275 mln dlrs
+of liquid yield option notes.
+    Also downgraded were the unit Trinity Industries Leasing
+Co's 60 mln dlrs of convertible debentures due 2006 to BB-plus
+from BBB-minus.
+    S and P said the actions reflected Trinity's weakened
+earnings due to depressed demand in several key markets, the
+likelihood that a significant sustained improvement would not
+occur in the near-term, as well as heightened financial risk
+from a series of debt-financed acquisitions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15578" NEWID="10057">
+<DATE>26-MAR-1987 13:32:52.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2054&#31;reute
+u f BC-DANZAR-INVESTMENT-&lt;DN   03-26 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANZAR INVESTMENT &lt;DNZR> SETS SPECIAL DIVIDEND</TITLE>
+<DATELINE>    DALLAS, March 26 - </DATELINE><BODY>Danzar Investment Group Inc said it 
+received 60 mln shares of &lt;Commonwealth Capital Ltd> in
+settlement of a debt and that it will distribute the shares to
+its stockholders as a dividend.
+    Danzar said the dividend will also include 18,750,000
+Commonwealth shares it already holds.
+    The dividend of 39.9 shares per Danzar share held will be
+paid to shareholders of record April 15, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15579" NEWID="10058">
+<DATE>26-MAR-1987 13:38:15.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2069&#31;reute
+d f BC-FIDELITY-&lt;FNF>-UNIT-A   03-26 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIDELITY &lt;FNF> UNIT ACQUIRES CALIFORNIA CONCERN</TITLE>
+<DATELINE>    SCOTTSDALE, Ariz., March 26 - </DATELINE><BODY>Fidelity National Financial
+Inc said its Fidelity National Title Insurance Co subsidiary
+acquired the operations of Safeco Title Insurance Co in the
+northern California counties of Alameda, Contra Costa and San
+Mateo.
+    Terms of the acquisition were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15580" NEWID="10059">
+<DATE>26-MAR-1987 13:40:37.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2070&#31;reute
+d f AM-LIABILITY   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADMINISTRATION SAYS INSURANCE CRISIS EASED</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The Reagan administration said the
+national crisis in liability insurance eased during the past
+year as the insurance industry's profits more than doubled to
+11.5 billion dlrs, but some problems still persist.
+    An administration working group, in an update of its report
+a year ago, found that insurance premiums generally have
+stabilized, but at high levels, as the crisis has abated.
+    After severe financial difficulties in 1984 and 1985, the
+insurance industry's rate of return last year recovered to the
+same level as the performace of U.S. corporations in general,
+the group said in a 98-page study.
+    While the crisis has eased, the study found that liability
+insurance will likely remain expensive and continue to be
+difficult to obtain for some lines of coverage and for some
+sectors of the American economy.
+    Some types of insurance, especially associated with
+environmental liability, remain unavailable for many companies
+at any price, it said.
+    The increased availability and the price stability for
+insurance the past year has been accompanied by higher
+deductibles, lower coverage limits and additional policy
+restrictions, the study said.
+    The administration last year unveiled a wide range of
+recommendations aimed at dealing with the crisis, including 
+limits on punitive damages and awards for pain, suffering and
+mental anguish at 100,000 dlrs.
+    Attorney General Edwin Meese told a news conference today
+that the administration still supports state efforts to place
+limits on damage awards and to enact other reforms of the tort
+laws.
+    Assistant Attorney General Richard Willard denied charges
+by consumer groups that the insurance crisis was caused by
+industry collusion to raise rates in violation of the antitrust
+laws. Willard, the head of the working group, said excessive
+jury damage awards was the main reason for the insurance
+liability problem.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15581" NEWID="10060">
+<DATE>26-MAR-1987 13:44:20.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2081&#31;reute
+f f BC-Saint-Gobain-U.S.-sub   03-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Saint Gobain U.S. Subsidiary seeks 150 mln dlr, five year facility - arranger Chemical
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15582" NEWID="10061">
+<DATE>26-MAR-1987 13:45:13.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2082&#31;reute
+u f BC-HOME-SAVINGS-BANK-&lt;HM   03-26 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SAVINGS BANK &lt;HMSB> SETS INITIAL DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, March 26 - 
+    </DATELINE><BODY>Qtly div nine cts
+    Pay April 30
+    Record April six
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15583" NEWID="10062">
+<DATE>26-MAR-1987 13:46:09.82</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2085&#31;reute
+u f BC-cotton-ginnings   03-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINAL 1986 CROP U.S. COTTON GINNINGS</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Final 1986 crop U.S. cotton ginnings
+totaled 9,438,425 running bales, vs 12,987,834 bales at the end
+of the 1985 season and 12,544,866 bales at end-1984 season, the
+U.S. Census Bureau said.
+    The bureau said upland cotton ginnings from the final 1986
+crop totaled 9,237,296 bales, vs 12,837,088 bales in 1985 and
+12,418,749 bales in 1984.
+    American Pima ginnings from the final 1986 crop totaled
+201,129 bales, vs 150,746 bales in the 1985 crop and 126,117
+bales in 1984, the bureau said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15584" NEWID="10063">
+<DATE>26-MAR-1987 13:48:02.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2087&#31;reute
+d f AM-ANDERSON   03-26 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER TREASURY SECRETARY PLEADS GUILTY TO TAX EVASION</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Former Secretary of the Treasury
+Robert Anderson, whom Dwight Eisenhower once said deserved to
+be president, pleaded guilty to income tax evason charges and
+illegally running an offshore bank.
+    Anderson, declaring that he was "deeply regretful," admitted
+to evading tax on 127,500 dlrs in undeclared income.   Much of
+the money was paid to him for lobbying for controversial South
+Korean evangelist Sun Myung Moon's Unification Church.
+    The 77-year-old Anderson was President Eisenhower's
+treasury secretary from 1957 to 1961 and a prominent
+businessman afterwards. In his memoirs, Eisenhower said
+Anderson deserved to be president.
+    Standing before Federal Court Judge Edmund Palmieri,
+Anderson, who faces up to 10 years in jail, said he had
+recently undergone two operations and treatment for alcoholism.
+    The judge set May 7 for sentencing and U.S. Attorney
+Rudolph Giuliani declared the government would ask that
+Anderson be sent to jail.
+    According to the indictment, Anderson was a prinicipal  of
+the Commercial Exchange Bank and Trust Ltd of Anguilla in the
+British West Indies for two years ending in 1985.
+    During that time, government prosecutors said the bank
+conducted operations in New York city but failed to register
+with state and federal banking authorities. Depositors have
+lost at least 4 mln dlrs.
+    Anderson pleaded gulity only for the tax year 1984 but
+admitted other tax transgressions for the previous year and
+faces civil fines for both years.
+    Among other things, he said he received 80,000 dlrs in 1983
+from a shell corporation for lobbying for the Unification
+Church. The money was given to him as a no-interest loan
+repayable in 1990 but the government said it should have been
+reported as income.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15585" NEWID="10064">
+<DATE>26-MAR-1987 13:53:17.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2104&#31;reute
+f f BC-******american-brankd   03-26 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN BRANDS SEES RECORD FIRST QUARTER RESULTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15586" NEWID="10065">
+<DATE>26-MAR-1987 13:55:42.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2109&#31;reute
+f f BC-******bp-managing-dir   03-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BP MANAGING DIRECTOR SAYS COMPANY DOES NOT PLAN TO HIKE 70 DLRS STANDARD OFFER     
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15587" NEWID="10066">
+<DATE>26-MAR-1987 13:57:24.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2118&#31;reute
+d f BC-SECURITY-&lt;SPC>,-USERS   03-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY &lt;SPC>, USERS, END MERGER TALKS</TITLE>
+<DATELINE>    VALLEY FORGE, Penn., March 26 - </DATELINE><BODY>Security Pacific Corp and
+&lt;Users Inc>, a credit union data processing concern, said they
+have mutually agreed to withdraw from further merger
+negotiations.
+    Users said that since it signed a letter of intent to merge
+with Security in November, it has received a strong show of
+support for continuing the credit union ownership of the
+company with credit unions committing themselves to purchase
+additional Users common.
+    Users also said it is in the strongest financial position
+in its 24-year history.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15588" NEWID="10067">
+<DATE>26-MAR-1987 13:57:40.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2119&#31;reute
+r f BC-ENTERTAINMENT-PUBLICA   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTERTAINMENT PUBLICATIONS &lt;EPUB> SEES LOSS</TITLE>
+<DATELINE>    BIRMINGHAM, Mich., March 26 - </DATELINE><BODY>Entertainment Publications
+Inc said it expects an after-tax loss of 31 cts a share in its
+third quarter from the disposal of three units it closed.
+    The company said its board approved a plan to discontinue
+the operations of three subsidiaries, which are primarily
+involved in direct mail marketing.
+    "The discontinued units were not likely to meet the growth
+and profit goals of the company in the future," Entertainment
+Publications said.
+    The three units lost 900,000 dlrs, or 19 cts a share in the
+six months ended December 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15589" NEWID="10068">
+<DATE>26-MAR-1987 13:57:57.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2120&#31;reute
+r f BC-CHRIS-CRAFT-INDUSTRIE   03-26 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRIS-CRAFT INDUSTRIES INC &lt;CCN> REGULAR PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Chris-Craft Industies Inc said it
+declared a regular two pct stock dividend on both its common
+stock and class B common stock, which is equal the two pct
+stock dividends the company paid for the prior quarter.
+    The dividends are payable on April 20 to shareholders of
+record April six.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15590" NEWID="10069">
+<DATE>26-MAR-1987 13:58:29.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2121&#31;reute
+d f BC-&lt;FIRST-NATIONAL-SUPER   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FIRST NATIONAL SUPERMARKETS> ANNUAL SALES RATE</TITLE>
+<DATELINE>    WINDSOR LOCKS, Conn., March 26 - </DATELINE><BODY>First National
+Supermarkets said its annual sales are running at a rate of
+1.58 billion dlrs, compared with 1.39 billion dlrs 18 months
+ago, when the company was taken private by its management.
+    The company said it is commencing a four-year capital
+program that will include the opening 20 new stores as well as
+the enlargement and remodeling of selected existing stores.
+    It said it will continue its practice of closing some
+smaller, less productive stores, converting those assets into
+larger stores in its core market areas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15591" NEWID="10070">
+<DATE>26-MAR-1987 13:59:46.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2122&#31;reute
+d f BC-HOUSE-MEMBERS-URGE-RE   03-26 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CFTC URGED TO STRENGTHEN FOREIGN FUTURES RULES</TITLE>
+<DATELINE>      WASHINGTON, March 26 - </DATELINE><BODY>Several U.S. House members urged
+the Commodity Futures Trading Commission, CFTC, to strengthen
+its proposed rules governing the sale of foreign futures and
+options in the U.S.
+      "I'm from the state of Illinois, and we don't want to see
+Chicago's futures markets become the automobile or textile
+industry of the 1980s," Rep. Lane Evans (D-Ill.) told a hearing
+of the House Agriculture Subcommittee on Conservation, Credit
+and Rural Development.
+      U.S. exchanges have complained that the proposed
+regulations would give sellers of foreign futures an edge over
+domestic futures sellers because they would be subject to less
+rigorous requirements, especially in the area of capital.
+      Phillips said the commission has no way of requiring
+foreign markets to implement the same regulatory safeguards as
+in the U.S., but that the proposed rules would ensure marketing
+of foreign futures and options conform to U.S. requirements.
+     "If people want to enter into these (foreign) markets,
+they know they will not have the same regulations," she said.
+      Phillips said the commission would consider changes in
+its proposal to require segregation of customer accounts and
+clarify the treatment of contracts not traded on foreign
+exchanges.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15592" NEWID="10071">
+<DATE>26-MAR-1987 14:01:18.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2124&#31;reute
+r f BC-DENNISON-MANUFACTURIN   03-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENNISON MANUFACTURING &lt;DSN> TO SELL PAPER UNIT</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., March 26 - </DATELINE><BODY>Dennison Manufacturing Co
+said it has signed a letter of intent to sell its Dunn Paper Co
+subsidiary to James River Corp &lt;JR> for an undisclosed amount
+of cash, resulting in a first quarter charge against earnings.
+    The company saiud the loss on the sale may be partly
+reduced by contingent payments over the next five years and
+will in the first quarter be more than offset by the gain from
+the previously-announced sale of its Hygeia Sciences Inc
+shares.
+    Dunn had sales last year of about 65 mln dlrs.
+    In Richmond, Va., James River said closing is expected by
+the end of April, subject to approval by both boards and on the
+reaching of satisfactory labor agreements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15593" NEWID="10072">
+<DATE>26-MAR-1987 14:01:53.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2127&#31;reute
+f f BC-embargoed-for-1400-es   03-26 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA 91-DAY T-BILLS AVERAGE 6.80 PCT, MAKING BANK RATE 7.05 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15594" NEWID="10073">
+<DATE>26-MAR-1987 14:02:31.56</DATE>
+<TOPICS><D>acq</D><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2130&#31;reute
+u f BC-PILLSBURY-&lt;PSY>-FILES   03-26 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PILLSBURY &lt;PSY> FILES FOR SECOND BURGER KING MLP</TITLE>
+<DATELINE>    MINNEAPOLIS, Minn., March 26 - </DATELINE><BODY>The Pillsbury Co said it
+filed a registration statement with the Securities and Exchange
+Commission for the sale of limited partnership interests in a
+second master limited partnership of its Burger King unit's
+restaurant properties.
+    Pillsbury said it expects the offering to yield 73-82 mln
+dlrs, resulting in an after-tax gain of 20-23 mln dlrs.
+    A spokesman for Pillsbury said the company is aiming to get
+this after-tax gain in the fourth fiscal quarter ending in May.
+    Pillsbury said the sale will occur as soon as practicable,
+considering the business and legal contigencies.
+    The company said Burger King and another Pillsbury unit,
+QSV Properties, will be the master limited partnership's
+general partner.
+    Pillsbury said it expects the interests to be sold to
+public investors and listed for trading on the New York Stock
+Exchange.
+    Merrill Lynch will lead the underwriting, Pillsbury said.
+    Pillsbury first sold limited partnership interests in
+Burger King Investors L.P. in February 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15595" NEWID="10074">
+<DATE>26-MAR-1987 14:04:36.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2143&#31;reute
+u f BC-OLD-REPUBLIC-INT'L-CO   03-26 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLD REPUBLIC INT'L CORP &lt;OLDR> HIKES DIVIDEND</TITLE>
+<DATELINE>    CHICAGO, Ill., March 26 -
+    </DATELINE><BODY>Qtly div 20 cts vs 19-1/2 cts prior
+    Pay June 20
+    Record June 5
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15596" NEWID="10075">
+<DATE>26-MAR-1987 14:05:29.35</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2146&#31;reute
+f f BC-******FED'S-HELLER-SA   03-26 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S HELLER SAYS DOLLAR'S CURRENT LEVEL IS APPROPRIATE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15597" NEWID="10076">
+<DATE>26-MAR-1987 14:07:24.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2150&#31;reute
+s f BC-CARSON-PIRIE-SCOTT-AN   03-26 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARSON PIRIE SCOTT AND CO &lt;CRN> SETS DIVIDEND</TITLE>
+<DATELINE>    CHICAGO, March 26 -
+    </DATELINE><BODY>Qtly div 17-1/2 cts vs 17-1/2 cts prior
+    Pay June 5
+    Record May 22
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15598" NEWID="10077">
+<DATE>26-MAR-1987 14:08:01.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2151&#31;reute
+d f AM-BRAZIL-CABINET   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL TO RESHUFFLE CABINET, RETAIN FUNARO</TITLE>
+<DATELINE>    BRASILIA, March 26 - </DATELINE><BODY>Brazilian President Jose Sarney will
+reshuffle part of his cabinet next month but will preserve his
+finance minister, a presidential source said.
+    The cabinet reshuffle, expected since the resignation of
+Minister of Planning Joao Sayad eight days ago, is due to take
+place within two to three weeks, the source said.
+    The source, who asked not to be identified, said that "in
+principle, the reshuffle would not affect Finance Minister
+Dilson Funaro."
+    Rumours circulating here yesterday said Funaro was on his
+way out of the cabinet, but both he and Sarney denied this.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15599" NEWID="10078">
+<DATE>26-MAR-1987 14:10:59.94</DATE>
+<TOPICS><D>acq</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2155&#31;reute
+u f BC-BP-&lt;BP>-DOES-NOT-PLAN   03-26 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP &lt;BP> DOES NOT PLAN TO HIKE STANDARD &lt;SRD> BID</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>British Petroleum Co Plc does not
+intend to raise the price of its planned 70 dlr per share offer
+for the publicly held 45 pct of Standard Oil Co, BP Managing
+Director David Simon said.
+    "We don't seen this as any progressive bidding game," he
+told reporters at a news conference. BP now owns 55 pct of
+Standard's stock.
+    Simon said BP had carefully considered the amount of its
+planned bid and he quoted an oil analyst, whom he would not
+identify, as saying BP's careful evaluation means the company
+is not going to raise its offer.
+    "I think that (an increase) would be totally wrong. I think
+the price is very fair and it is much to early to speculate
+about ligigation," he said. "Let's wait and see how the offer
+runs."
+    Another official declined to speculate under what
+circumstances BP might raise its bid.
+    The BP official said the 70 dlrs a share offer is 7.2 times
+Standard's 1986 cash flow and 56 pct above an independent
+evaluation of the company's assets, including the value of its
+oil, natural gas liquids and natural gas reserves.
+    He said the price Royal Dutch/Shell Group &lt;RD> &lt;SC> paid
+for publicly held Shell Oil Co shares in 1985 was 5.1 times
+cash flow.
+    The BP official also said the 70 dlr bid is a 40 pct
+premium over Standard's stock price over the past year.
+    BP Group Treasurer Rodney Chase said more than half to as
+much as two-third's of the 7.4 billion dlrs BP needs for its
+offer will come from existing sources. The rest will be
+financed by new debt.
+    BP will draw in cash from its operating companies around
+the world and is also arranging a five billion dlr line of
+credit, he explained.
+    The company's debt to equity ratio will rise 11 or 12
+percentage points from the current 33 pct if the offer is
+completed, Chase said. But the ratio will be back below 40 pct
+within 12 months, he added.
+    Chase also said 50 to 60 pct of Standard Oil's publicly
+held shares are held by financial institutions.
+    Simon said Standard's board was informed of the offer on
+March nine and has been considering it since that time.
+    He said BP does not expect any regulatory problems that
+would delay completion of the acquisition. "We have informed
+Washington of our intentions and we've already been an integral
+part of ownership of U.S. oil reserves," he pointed out.
+    Simon said there is a good chance that current world oil
+prices of about 18 dlrs a barrel could be maintained, and that
+the more stable market is due mostly to changes in policy in
+Saudi Arabia and other OPEC members to control oil production.
+    "We think there are signals that current conditions are
+more favorable than they have been for sometime," Simon said.
+    "We have hopes for greater stability, but we do not see
+prices going much higher," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15600" NEWID="10079">
+<DATE>26-MAR-1987 14:12:19.27</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2157&#31;reute
+b f BC-******MONEY-MARKET-MU   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MONEY MARKET MUTUAL FUNDS FALL 1.19 BILLION DLRS IN LATEST WEEK, ICI SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15601" NEWID="10080">
+<DATE>26-MAR-1987 14:12:28.87</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2158&#31;reute
+u f BC-BP&lt;BP>-OFFER-RAISES-E   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP&lt;BP> OFFER RAISES EXPECTATIONS FOR OIL VALUES</TITLE>
+<AUTHOR>    By PATTI DOMM, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>British Petroleum Plc's plan to pay
+7.4 billion dlrs for less than half of Standard Oil Co has
+signalled higher values in the U.S. oil patch, analysts said.
+    "I think that BP's bid is a very strong affirmation and
+clear signal that they have confidence in the U.S., and they
+think the barrel of oil in the ground is going to go higher,"
+said Sanford Margoshes of Shearson Lehman Brothers Inc.
+    BP earlier today said its U.S. unit planned to tender at 70
+dlrs per share for the 45 pct of Standard it does not already
+own.
+    "It's a 7.4 billion dlr price that (shows) OPEC has won the
+war and oil prices are not going to crack," said Prescott, Ball
+and Turben analyst Bruce Lazier.
+    "Behind that is a huge implication for the rest of the
+energy issues out there in the stock market, particularly those
+that are acquisition targets," Lazier said.
+    One of those mentioned by Lazier was USX Corp, an
+energy-steel concern which had been courted by investor Carl
+Icahn and drew the attention of Australian Robert Holmes a
+Court last year. Rumors continue to swirl around its stock.
+    Margoshes said he does not foresee major U.S. oil firms
+falling into takeover situations for several years, with the
+exception of possibly Amerada Hess Corp &lt;AHC>. He said most of
+the majors found partners in the last round of matchmaking
+which ended two years ago, and others restructured to the point
+that they have become unattractive.
+    U.S. oil stocks rallied in response to the offer. Exxon
+Corp &lt;XON> rose 1-1/8 to 88-1/2. Chevron Corp &lt;CHV> jumped
+1-1/8 to 58-7/8, and Texaco &lt;TX> climbed 1/4 to 37-3/4. Unocal
+Corp &lt;UCL> rose 1-3/4, while Occidental Petroleum Corp &lt;OXY>
+climbed 1-1/8 to 34-3/4. Amoco Corp &lt;AN> rose 1-3/8 to 83-3/4.
+    Standard Oil's stock was up 6-1/4 in heavy trading to
+71-1/8. Earlier in the session it had been at a high of 72-1/4.
+Wall Street has speculated British Petroleum may boost its
+offer by several dlrs per share, but the company maintained it
+would not raise the 70 dlr bid.
+    British Petroleum stock rose 2-1/4 to 59-5/8.
+    Analysts said the fact British Petroleum made such a bid in
+the first place indicates that the British oil giant has
+changed its outlook for the oil industry.
+    Analysts said last year British Petroleum held one of the
+more bearish positions on oil prices.
+    "They said the real price of oil would stay at 15 dlrs (a
+barrel) for several years, and I think they beat a hasty
+retreat from that point of view," Margoshes said.
+    "They are more appropriately today looking more
+optimistically. I believe they are looking at 18 dlrs
+(long-term)...also in their heart of hearts they believe that
+will be exceeded," Margoshes said.
+    The U.S. benchmark crude West Texas Intermediate was
+trading today around 18.60 dlrs per barrel.
+    Analysts said British Petroleum might have been able to buy
+up the rest of Standard Oil for about 50 dlrs per share when
+oil prices were falling last year.
+    They said Standard Oil's brightest asset is its slightly
+more than 50 pct ownership of the Alaskan Prudhoe Bay oil
+field. Analysts also said the company has other interests in
+the Alaskan North Slope.
+    Analysts said the Standard investment is extremely
+attractive to BP because the U.S. is the largest oil market and
+has hard-to-replace reserves.
+    "I think it just fits in with their long-range plans to
+increase their position in the U.S. market," Dean Witter
+analyst Eugene Nowak said.
+    Analysts said it also raises BP's visibility ahead of the
+British government's announced disposal of 31.7 pct of BP
+stock. The U.K. government said it would dispose of the holding
+sometime in the year beginning April one.
+    After acquiring all of Standard, most of BP's reserves
+would be in the U.S., but only about six pct of its stock is
+held in the U.S.
+    "The only way they can sell all that stock is to move it
+into the United States. No other market can handle all that
+stock," said L.F. rothschild analyst Rosario Ilacqua.
+    In 1986, Standard Oil had net losses of 345 mln dlrs on
+revenues of 10.02 billion dlrs, compared to a profit the year
+earlier of 308 mln dlrs on revenues of 13.82 billion dlrs.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15602" NEWID="10081">
+<DATE>26-MAR-1987 14:13:08.31</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2160&#31;reute
+b f BC-/FED'S-HELLER-SAYS-DO   03-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S HELLER SAYS DOLLAR'S LEVEL IS APPROPRIATE</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Federal Reserve Board governor Robert
+Heller said that the dollar's current level is appropriate but
+declined to comment on widespread market reports of concerted
+central bank intervention this week.
+    "The dollar is stable again... The current level is the
+appropriate level," Heller told reporters after a speech to a
+meeting of financial services analysts.
+    He said last month's six-nation currency accord in Paris
+did not include target ranges for the dollar in an "academic
+way."
+    Heller also said that it was too early to determine whether
+the parties to the six-nation accord were taking appropriate
+steps to carry out the longer-term economic adjustments agreed
+to in Paris.
+    "Clearly, they've not been implemented yet... No one
+expects implementation within a week or two," he said.
+    Earlier today, U.S. Treasury assistant secretary told a
+Senate banking subcommittee that he did not believe that West
+Germany and Japan have yet carried out their international
+responsibilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15603" NEWID="10082">
+<DATE>26-MAR-1987 14:20:32.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2173&#31;reute
+u f BC-PIK-CERTIFICATES-COST   03-26 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIK CERTIFICATES COST MORE THAN CASH -- GAO</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The U.S. General Accounting Office
+said generic commodities certificates cost the U.S. government
+in total Commodity Credit Corp outlays 107 mln to 653 mln dlrs
+more than cash payments through February, 1987.
+    However, GAO Senior Associate Director Brian Crowley, in
+testimony prepared for delivery to the Senate Agriculture
+Committee, said short-term commodity storage cost savings
+related to the use of payment-in-kind certificates could be
+from about 169 mln 253 mln dlrs.
+    U.S. Agriculture Undersecretary Daniel Amstutz said the
+issuance of 8.5 billion dlrs of certificates in fiscal years
+1986-88 could cost as much as 550 mln dlrs more than cash
+outlays.
+    In his prepared remarks to the Senate panel, Amstutz
+stressed that USDA was "very pleased with the success of using
+commodity certificates" and looked forward to their continued
+use.
+    He said the cost of using certificates must be weighed
+against immediate benefits, including greater market liquidity,
+improved market price competitiveness, higher farm income,
+improved debt situation and decreased carrying charges,
+especially pertaining to 1985 crop loans.
+    Crowley said future government storage costs would be
+reduced only if in the long run certificates led to a decrease
+in CCC-owned inventory.
+    "We believe that such a reduction, if it occurs, will not
+be large," Crowley said.
+    Crowley also said that because certificate amounts are not
+included in the federal budget's outlay totals at the time of
+issuance, they could "lessen the usefulness of the budget."
+    Crowley conceded that certificates help farmers avoid
+storage costs, give them marketing flexibility and enhance
+farmers' incomes.
+    He also said certificates have benefited the grain industry
+by giving it easier access to CCC-owned grain at market prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15604" NEWID="10083">
+<DATE>26-MAR-1987 14:23:37.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2184&#31;reute
+r f BC-FALCON-CABLE-SYSTEMS   03-26 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FALCON CABLE SYSTEMS &lt;FAL> 4TH QTR LOSS</TITLE>
+<DATELINE>    PASADENA, Calif., March 26 -
+    </DATELINE><BODY>Shr loss 3.49 dlrs vs loss 15 cts
+    Net loss 10.8 mln vs loss 459,000
+    Revs 4,384,000 vs 2,542,000
+    Year
+    Shr loss 4.41 dlrs vs loss seven cts
+    Net loss 13.7 mln vs loss 218,000
+    Revs 13.9 mln vs 8,864,000
+    Note: net losses included extraordinary losses of 4,904,000
+in 4th qtr vs 232,000 year ago and extraordinary losses for
+year of 2,056,000 vs 460,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15605" NEWID="10084">
+<DATE>26-MAR-1987 14:23:52.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2185&#31;reute
+r f BC-AMERICUS-TRUST-FOR-ME   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICUS TRUST FOR MERCK &lt;MKUWI> STARTS TRADING</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>The American Stock Exchange said the
+units of Americus Trust for Merck Shares and an equal number of
+prime and score components of the units, began trading today on
+a "when issued" basis.
+    The trust is a unit investment trust sponsored by Americus
+Shareowner Service Corp and is issuing the units in exchange
+for shares of Merck and Co &lt;MRK> stock tendered to the trust.
+    The units opened on a bid and offer of 165 to 166, and the
+prime components, trading under ticker symbol &lt;MKPWI>, opened
+on 100 primes at 119-1/2, the Exchange said. Also, the score
+components opened on 1,000 scores at 48, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15606" NEWID="10085">
+<DATE>26-MAR-1987 14:23:57.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2186&#31;reute
+r f BC-HOME-SAVINGS-BANK-&lt;HM   03-26 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SAVINGS BANK &lt;HMSB> SETS INITIAL QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Home Savings Bank said its board
+declared an initial quarterly dividend of nine cts per share,
+payable April 30, record April Six.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15607" NEWID="10086">
+<DATE>26-MAR-1987 14:24:01.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2187&#31;reute
+r f BC-LOUISIANA-PACIFIC-&lt;LP   03-26 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUISIANA-PACIFIC &lt;LPX> TO SELL SAWMILL</TITLE>
+<DATELINE>    PORTLAND, Ore., March 26 - </DATELINE><BODY>Louisiana-Pacific Corp said it
+plans to sell its sawmill in Lakeview, Oregon and 18,000 acres
+of timberland to Ostrander Construction Co.
+    The company said the transaciton shoould be finalized in
+early April. Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15608" NEWID="10087">
+<DATE>26-MAR-1987 14:24:08.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2188&#31;reute
+r f BC-UNITED-SAVINGS-INITIA   03-26 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED SAVINGS INITIAL OFFERING UNDERWAY</TITLE>
+<DATELINE>    GREENWOOD, S.C., March 26 - </DATELINE><BODY>&lt;United Savings and Loan
+Association> said an initial public offering of 537,609 common
+shares is underway at 8.75 dlrs a share through underwriters
+led by Robinson-Humphrey Co Inc and Interstate Securities Corp.
+    Underwriters have been granted an option to buy up to
+254,285 more shares to cover overallotments.
+    United Savings issued a total of 1,780,000 shares in
+converting from mutual form.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15609" NEWID="10088">
+<DATE>26-MAR-1987 14:24:12.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2189&#31;reute
+d f BC-SUBURBAN-BANCORP-&lt;SUB   03-26 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUBURBAN BANCORP &lt;SUBBA> MERGER APPROVED</TITLE>
+<DATELINE>    PALATINE, Ill., March 26 - </DATELINE><BODY>Suburban Bancorp Inc said it
+received approval from the Federal Reserve Board to acquire
+&lt;Valley National Bank of Aurora> for an undisclosed price.
+    Suburban said it has received shareholder tenders for 100
+pct of Valley National's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15610" NEWID="10089">
+<DATE>26-MAR-1987 14:24:20.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2190&#31;reute
+h f BC-UNIVERSAL-HOLDING-COR   03-26 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL HOLDING CORP &lt;UHCO> 4TH QTR LOSS</TITLE>
+<DATELINE>    JERICHO, N.Y., March 26 - 
+    </DATELINE><BODY>Shr profit nil vs profit nine cts
+    Net profit 2,000 vs profit 195,000
+    Revs 2,623,000 vs 2,577,000
+    Year
+    Shr loss 21 cts vs profit 13 cts
+    Net loss 425,000 vs profit 278,000
+    Revs 15.4 mln vs 8,637,000
+    Note: Net includes capital gains of 63,000 vs 211,000 for
+qtr and 304,000 vs 292,000 for year. Current year net includes
+charge of 716,000 from contract obligation to former chairman.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15611" NEWID="10090">
+<DATE>26-MAR-1987 14:24:37.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2192&#31;reute
+h f BC-FREEDOM-FEDERAL-&lt;FRFE   03-26 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEDOM FEDERAL &lt;FRFE> TO RECOGNIZE GAIN</TITLE>
+<DATELINE>    OAK BROOK, ILL., March 26 - </DATELINE><BODY>Freedom Federal Savings Bank
+said it will recognize in its first-quarter earnings a
+previously deferred 1.5 mln dlr gain which resulted from the
+sale of an apartment complex in 1983.
+    It said the recognition comes as a result of repayment of a
+loan which was granted when the complex was sold.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15612" NEWID="10091">
+<DATE>26-MAR-1987 14:27:58.38</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>leigh-pemberton</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2198&#31;reute
+u f BC-PARIS-G-6-MEET-SET-NO   03-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIS G-6 MEET SET NO TARGETS - LEIGH-PEMBERTON</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Bank of England Governor Robin
+Leigh-Pemberton said the Paris pact agreed between six leading
+industrialised nations set no nominal exchange rate targets.
+    Leigh-Pemberton said in oral evidence to a select committee
+that "we did not swap numbers - we reached an understanding" on
+how to cooperate towards stabilizing currencies at around their
+current levels.
+    He said the accord had brought Britain into a form of joint
+currency float - but one which let it still purse an
+independent monetary policy. "I would concede that, since the
+Louvre Accord, we are acting as if we are in something,"
+Leigh-Pemberton said.
+    "The Louvre and Plaza accords show there is a very effective
+role for the (Group of) seven central banks to operate together"
+towards stabilising exchange rates," Leigh-Pemberton said.
+    He did not mention this week's intervention by central
+banks to support the dollar, after markets decided to test the
+accord.
+     Leigh-Pemberton said that "the effectiveness of this
+(cooperation) is actually larger than many of us had thought in
+the pre-Plaza days" before September 1985.
+    He did not indicate what exchange rate levels were broadly
+sought by the six nations, and noted that "we are more effective
+in our agreement if we can leave the markets guessing."
+    He did not indicate what exchange rate levels were broadly
+sought by the six nations, and noted that "we are more effective
+in our agreement if we can leave the markets guessing."
+    Leigh-Pemberton said that, in principle, the Bank of
+England favoured full EMS membership for sterling, provided
+such a move did not endanger U.K. Anti-inflation monetary
+policy. Asked whether he wanted to see U.K. Interest rates
+lower, he said "the two half point cuts (this month in banks'
+base lending rates) have been appropriate up until now."
+    Leigh-Pemberton said he preferred a "cautious step-by-step
+approach" to reducing short term interest rates, not least
+because "we have a potential problem with inflation."
+    Underlying U.K. Inflation was currently around 4.0 pct, "one
+of the highest" among industrialised nations, he added.
+    Leigh-Pemberton said the Bank of England had not wanted
+base rates to fall before the unveiling of the 1987/88 budget
+on March 17, but he said pressure from financial markets for
+such a move had proved irresistible. Base rates are now at 10
+pct.
+    Regarding sterling's relationship with oil, Leigh-Pemberton
+said that the pound could be seen being undervalued overall.
+    He said the current oil price of some 18 dlrs a barrel
+might suggest a level of 74 on the Bank of England's sterling
+index, when compared with the index's level before oil prices
+dropped from around the 30 dlr level. The index, base 1975,
+closed here today at 72.1, unchanged from the previous close.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15613" NEWID="10092">
+<DATE>26-MAR-1987 14:38:30.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2225&#31;reute
+u f BC-COMMERCE-CLEARING-HOU   03-26 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCE CLEARING HOUSE INC &lt;CCLR> HIKES DIV</TITLE>
+<DATELINE>    CHICAGO, March 26 -
+    </DATELINE><BODY>Qtly div 32 cts vs 30 cts prior
+    Pay April 29
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15614" NEWID="10093">
+<DATE>26-MAR-1987 14:39:20.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2226&#31;reute
+r f BC-DEXTER-&lt;DEX>-UNITS-SE   03-26 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEXTER &lt;DEX> UNITS SETS LICENSE WITH TOYOTA UNIT</TITLE>
+<DATELINE>    PITTSBURG, Calif., March 26 - </DATELINE><BODY>Dexter Corp's Hysol Aerospace
+and Industrial Products Division said it agreed to license its
+engineering adhesives to Toyota Motor Co's Toyoda Gosei unit.
+    The two units will jointly develop a line of structural
+adhesive and application techniques for the automotive and
+certain other industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15615" NEWID="10094">
+<DATE>26-MAR-1987 14:39:26.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2227&#31;reute
+r f BC-QUANTECH-ELECTRONICS   03-26 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUANTECH ELECTRONICS CORP &lt;QANT> 3RD QTR DEC 31</TITLE>
+<DATELINE>    LEVITTOWN, N.Y., March 26 -
+    </DATELINE><BODY>Shr loss 28 cts vs loss six cts
+    Net loss 561,029 vs loss 114,712
+    Revs 3,464,269 vs 4,083,833
+    Nine mths
+    Shr loss 56 cts vs loss 13 cts
+    Net loss 1,104,472 vs loss 261,791
+    Revs 10.5 mln vs 11.6 mln
+    NOTE: Prior year net includes losses from discontinued
+operations of 99,209 dlrs in quarter and 202,097 dlrs in nine
+mths. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15616" NEWID="10095">
+<DATE>26-MAR-1987 14:39:35.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2228&#31;reute
+r f BC-QUANTECH-&lt;QANT>-NEEDS   03-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUANTECH &lt;QANT> NEEDS ADDITIONAL FUNDS</TITLE>
+<DATELINE>    ALEVITTOWN, N.Y., March 26 - </DATELINE><BODY>Quantech Electronics Corp said
+it is investigating available means of raising additional funds
+needed to finance continuing operations, but there is no
+assurance that it will succeed.
+    The company said it continues to experience negative cash
+flow.  Today it reported a loss for the third quarter ended
+December 31 of 561,029 dlrs, compared with a 114,712 dlr loss a
+year before.
+    Quantech said it has received waivers from Marine Midland
+Banks Inc &lt;MM> through May 26 on covenants in its loan
+agreement.
+    The company said Marine Midland has agreed to advance it an
+additional working capital loan that will be personally
+guaranteed by chairman Henry Ginsburg.  Loans from Marine
+Midland are secured by substantially all company assets.
+    Quantech also said Bernard Weinblatt has rsigned as
+president and a director, and until a replacement is found,
+Ginsberg will act as chief executive and Leonard N. Hecht,
+formerly chief executive, will act as chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15617" NEWID="10096">
+<DATE>26-MAR-1987 14:39:42.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2229&#31;reute
+r f BC-PDA-ENGINEERING-&lt;PDAS   03-26 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PDA ENGINEERING &lt;PDAS> HALTS SOFTWARE SHIPMENTS</TITLE>
+<DATELINE>    COSTA MESA, Calif., March 26 - </DATELINE><BODY>PDA Engineering said it has
+temporarily deferred shipmetns of its PATRAN software for IBM
+computers, due to a technical problem with the program.
+    The company said the deferral will reduce its thrid quarter
+revenues and earnings.
+    PDA said it anticipates resuming shipments in the fourth
+quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15618" NEWID="10097">
+<DATE>26-MAR-1987 14:39:52.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2230&#31;reute
+d f BC-P-AND-F-INDUSTRIES-IN   03-26 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>P AND F INDUSTRIES INC &lt;PFINA> 4TH QTR NET</TITLE>
+<DATELINE>    FARMINGDALE, N.Y., March 26 -
+    </DATELINE><BODY>Oper shr 16 cts vs 29 cts
+    Oper net 453,924 vs 726,816
+    Revs 12.0 mln vs 11.2 mln
+    Avg shrs 2,695,206 vs 2,562,160
+    Year
+    Oper shr 50 cts vs 50 cts
+    Oper net 1,365,655 vs 1,268,847
+    Revs 40.1 mln vs 33.1 mln
+    Avg shrs 2,695,206 vs 2,562,160
+    NOTE: Net excludes tax credits of 571,000 dlrs vs 496,000
+dlrs in quarter and 1,347,000 dlrs vs 1,107,000 dlrs in year.
+    Share adjusted for one-for-five reverse split in October
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15619" NEWID="10098">
+<DATE>26-MAR-1987 14:39:57.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2231&#31;reute
+d f BC-FAIR-LANES-&lt;FAIR>-SHA   03-26 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAIR LANES &lt;FAIR> SHAREHOLDERS APPROVE MERGER</TITLE>
+<DATELINE>    BALTIMORE, March 26 - </DATELINE><BODY>Fair Lanes Inc said its shareholders
+approved the previously announced merger with Maricorp Inc, a
+unit of &lt;Northern Pacific Corp>.
+    Under terms of the merger, Fair Lanes said each of its
+shares of common stock will be converted into the right to
+receive 1.3043 shares of &lt;BTR Realty Inc>, which is owned by
+Fair Lines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15620" NEWID="10099">
+<DATE>26-MAR-1987 14:40:02.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2232&#31;reute
+d f BC-ALLIED-RESEARCH-ASSOC   03-26 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED RESEARCH ASSOCIATES INC &lt;ARAI> YEAR NET</TITLE>
+<DATELINE>    SEVERNA PARK, Md., March 26 -
+    </DATELINE><BODY>Shr 63 cts vs 64 cts
+    Net 2,463,214 vs 2,509,832
+    Sales 34.4 mln vs 30.6 mln
+    NOTE: Backlog as of February 28 47.4 mln dlrs vs 34.9 mln
+dlrs a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15621" NEWID="10100">
+<DATE>26-MAR-1987 14:42:44.66</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2239&#31;reute
+u f BC-cardenas-rules-out-ma   03-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARDENAS SEES NO MAJOR DECISIONS AT ICO MEETING</TITLE>
+<DATELINE>    BOGOTA, March 26 - </DATELINE><BODY>Jorge Cardenas, manager of Colombia's
+coffee growers' federation, said he did not believe any
+important decisions would emerge from an upcoming meeting of
+the International Coffee Organization (ICO).
+    The ICO executive board is set to meet in London from March
+31 and could decide to call a special council session by the
+end of April to discuss export quotas.
+    "It's going to be a routine meeting, an update of what has
+been happening in the market, but it's unlikely any major
+decisions are taken," Cardenas told journalists.
+    Earlier this month, talks in London to re-introduce export
+quotas, suspended in February 1986, ended in failure.
+    Colombian finance minister Cesar Gaviria, also talking to
+reporters at the end of the weekly National Coffee Committee
+meeting, said the positions of Brazil and of the United States
+were too far apart to allow a prompt agreement on quotas.
+    Brazil's coffee chief Jorio Dauster said yesterday Brazil
+would not change its coffee policies.
+    Cardenas said the market situation was getting clearer
+because the trade knew the projected output and stockpile
+levels of producers.
+    He said according to ICO statistics there was a shortfall
+of nine mln (60-kg) bags on the world market between October,
+the start of the coffee year, and February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15622" NEWID="10101">
+<DATE>26-MAR-1987 14:45:37.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2243&#31;reute
+b f BC-/VOLCKER-OPPOSES-LIMI   03-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER OPPOSES LIMITS ON JAPAN PRIMARY DEALERS</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Federal Reserve Board chairman Paul
+Volcker said he opposes legislation to deny primary dealer
+status to firms from countries that do not grant U.S. firms
+equal access to their government debt markets.
+    In a letter to House Banking Committee chairman Fernand St.
+Germain, Volcker warned that it could lead to retaliation
+against U.S. firms already operating in other countries.
+    The committee approved the legislation yesterday. They said
+its impact would be felt only by Japanese firms designated as
+primary dealers in U.S. government securities since other
+countries would meet the equal access rule.
+    "Even Japan, at which the proposal seems to be particularly
+aimed, has made a number of advances in opening its market to
+U.S. firms," Volcker said.
+    The legislation gives the administration six months to
+negotiate equal access for U.S. firms in the foreign government
+securities markets before the ban on foreign dealers in the
+U.S. would take effect.
+    Volcker said more progress could be made by continuing
+negotiations without adopting the bill's more rigid approach.
+    An aide to Rep. Charles Schumer, the New York Democratic
+sponsor, said it is expected to pass in the House trade bill.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15623" NEWID="10102">
+<DATE>26-MAR-1987 14:45:53.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2245&#31;reute
+d f BC-CB-AND-T-&lt;CBTB>-TO-MA   03-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CB AND T &lt;CBTB> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    COLUMBUS, Ga., March 26 - </DATELINE><BODY>CB and T Bancshares Inc said the
+board of Carrolton State Bank of Carrolton, Ga., has approved a
+merger into CB and T for an undisclosed amount of stock,
+subject to approval by regulatory agencies and Carrolton
+shareholders.
+    Carrolton has 26 mln dlrs in assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15624" NEWID="10103">
+<DATE>26-MAR-1987 14:47:27.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM
+&#22;&#22;&#1;f2250&#31;reute
+r f BC-BANK-OF-MONTREAL-HOPE   03-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF MONTREAL HOPEFUL ON BRAZIL - PRESIDENT</TITLE>
+<DATELINE>    TORONTO, March 26 - </DATELINE><BODY>&lt;Bank of Montreal> is confident a
+solution will be found to Brazil's foreign debt problem and is
+not considering declaring its Brazilian loans non-performing,
+president Grant Reuber said.
+    Speaking to reporters after a speech to a Toronto business
+group, Reuber said: "I think at this stage it is really too
+early to say very much about (the Brazilian debt situation) but
+we're pretty confident that things will work out."
+    He declined to comment on when such a settlement was
+likely. Bank of Montreal had 1.98 billion dlrs in loans to
+Brazil as of last September 30, the most of any Canadian bank.
+     Brazil last month suspended interest payments on its 68
+billion U.S. dlr foreign bank debt.
+     Asked if Bank of Montreal were considering declaring its
+Brazil loans non-performing, Reuber replied: "We haven't really
+got to that point because we don't think we will have to face
+that issue."
+    Some bankers in the U.S. said earlier this week that slow
+progress in talks between Brazil and its major foreign lenders
+has increased the likelihood that U.S. banks will declare their
+Brazil loans non-performing at the end of the quarter.
+     Reuber told reporters the bank was still pondering its
+strategy regarding possible entry into the securities business
+after June 30 when banks and other financial institutions will
+be allowed full participation in the Ontario securities
+industry.
+    He said price would help determine if the bank formed its
+own securities unit or acquired an existing investment dealer,
+adding that asking prices for some dealers seem "fairly high."
+    Asked about plans for wholly owned Harris Bankcorp Inc, of
+Chicago, Reuber said Harris might consider acquiring more small
+community banks around Chicago.
+    "In addition, I think we are giving some consideration to
+the possibility of extension into other states," Reuber said of
+Harris, although he added that any such move was unlikely this
+year.
+    In his speech, focusing on current free trade talks between
+the U.S. and Canada, Reuber said failure to reach a deal would
+not represent a calamity for Canada but could lower Canada's
+standard of living, raise unemployment and reduce the country's
+world trading influence.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15625" NEWID="10104">
+<DATE>26-MAR-1987 14:48:22.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2256&#31;reute
+f f BC-******MOODY'S-DOWNGRA   03-26 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S DOWNGRADES BANKAMERICA, AFFIRMS UNITS, AFFECTS 5.5 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15626" NEWID="10105">
+<DATE>26-MAR-1987 14:51:59.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2264&#31;reute
+u f BC-AMERICAN-BRANDS-&lt;AMB>   03-26 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN BRANDS &lt;AMB> SEES HIGHER 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>American Brands Inc said it expects
+first quarter net earnings to exceed the record 118.7 mln dlrs
+or 1.05 dlrs a share it earned for the year-ago quarter.
+    The company also said it believes sales in the first
+quarter will surpass record sales of 2.1 billion dlrs last
+year.
+    The company said unit sales of American Tobacco's Lucky
+Strike Filter line rose 20 pct last year, which led to a gain
+for he Lucky franchise.
+    American Brands said it will introduce a new low-priced
+brand of cigarettes called Malibu.
+    The company's U.K.-based Gallaher Ltd unit had a strong
+performance in 1986 and became the second-largest contributor
+to operating earnings, American Brands said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15627" NEWID="10106">
+<DATE>26-MAR-1987 14:54:19.03</DATE>
+<TOPICS><D>acq</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2269&#31;reute
+u f BC-USX-&lt;X>-SAYS-TALKS-EN   03-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> SAYS TALKS ENDED WITH BRITISH PETROLEUM</TITLE>
+<DATELINE>    HOUSTON, March 26 - </DATELINE><BODY>USX Corp chairman David Roderick said
+the company had ended talks with British Petroleum Co Plc &lt;BP>
+about the possible sale of some energy assets and said USX has
+no immediate restructuring plans for its oil businesses.
+    "We have terminated our discussions," Roderick told Reuters
+after a speech to the Petroleum Equipment Suppliers Association
+here. He said USX was not conducting talks with any other
+possible buyer of its energy assets.
+    Earlier today, BP said it planned to offer 70 dlrs per
+share for the Standard Oil Co's &lt;SRD> publicly held stock.
+    USX said in December the company had held formal
+discussions with BP about the potential sale of some of its
+overseas oil assets and USX had received expressions of
+interest from a half dozen other oil companies.
+    Roderick, in response to a question, said USX had no
+immediate plans to restructure its Marathon Oil Co, or Texas
+Oil and Gas Corp. He said USX also did not plan to sell any of
+its 49 pct interest in the giant Yates Field in west Texas.
+    "We want to maintain our production in the Yates Field
+during these difficult times," Roderick added.
+    In response to a question, Roderick also said he did not
+know whether Australian investor Robert Holmes a Court was
+accumulating USX stock. In recent days, traders have suggested
+Holmes a Court was buying additional shares.
+    Roderick said Carl Ichan, who terminated an eight billion
+dlr hostile takeover plan for USX in January, continued to hold
+a sizable interest in the company. "Mr. Ichan still apparently
+has 11.4 pct. He hasn't bought any more stock or sold any,"
+Roderick said. "He's a very satisfied shareholder right now. I
+talk with him monthly."
+    In his speech, Roderick predicted the fall in the value of
+the dollar would set the stage for the U.S. to solve its trade
+deficit problem which totaled 170 billion dlrs in 1986.
+    "I expect by the early 1990s the U.S. will be running a net
+trade surplus," Roderick said. "I think the worst is over and
+we can look forward to stability and upward movement ahead."
+    However, the USX chairman warned that European trading
+partners may resist the turn in the U.S. trade deficit. "Some
+economic discomfort must be transferred from the United States
+to our friends, trading partners and allies."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15628" NEWID="10107">
+<DATE>26-MAR-1987 14:55:43.48</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2272&#31;reute
+b f BC-/NY-TRADERS-SAY-SOVIE   03-26 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NY TRADERS SAY SOVIETS MADE LARGE SUGAR PURCHASE</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>The Soviet Union bought almost 90,000
+tonnes of raw sugar from international trade houses last night,
+with some of the sugar changing hands at discounts to the spot
+May world sugar contract, according to trade sources.
+    They said Japanese trade houses sold up to three cargoes of
+Thai sugar for relatively nearby delivery.
+    British and European-based trade houses sold the remaining
+six cargoes for shipment between April/May/July, they said.
+    Traders said this week's sharp fall in world sugar prices
+helped to provoke the Soviet Union into covering nearby needs.
+    Yesterday, spot May sugar closed at 7.18 cents a pound.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15629" NEWID="10108">
+<DATE>26-MAR-1987 14:56:22.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2274&#31;reute
+d f BC-MARTIN-LAWRENCE-LIMIT   03-26 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARTIN LAWRENCE LIMITED EDITIONS &lt;MLLE> YEAR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 26 -
+    </DATELINE><BODY>Shr 20 cts vs six cts
+    Net 861,000 vs 266,000
+    Revs 10.2 mln vs 6,036,000
+    Note: 4th qtr data not given.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15630" NEWID="10109">
+<DATE>26-MAR-1987 14:56:26.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2275&#31;reute
+s f BC-COMMONWEALTH-ENERGY-S   03-26 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH ENERGY SYSTEM &lt;CES> DIVIDEND</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 26 -
+    </DATELINE><BODY>Qtly div 68 cts vs 68 cts in prior qtr
+    Payable May one
+    Record April 14
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15631" NEWID="10110">
+<DATE>26-MAR-1987 15:02:11.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2287&#31;reute
+u f BC-TRANSWORLD-TRUST-&lt;TWT   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSWORLD TRUST &lt;TWT> SETS INITIAL PAY DATE</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Transworld Liquidating Trust said it
+will distribute proceeds from the sale of Hilton International
+Co to UAL Inc &lt;UAL> to its holders on April 8.
+    The deal is expected to close March 31, the day trading
+ceases in the Liquidating Trust shares.
+    UAL will pay 632.5 mln dlrs cash, 2,564,000 shares of UAL
+common stock and 200 mln dlrs worth of UAL debentures to
+Transworld, but it may substitute cash for the securities. The
+initial distribution will include all the cash, stock and
+debentures received in connection with the sale, the company
+said.
+    The shares in the Trust formerly represented shares of
+Transworld Corp common stock.
+    The company said the balance of cash in the Trust will be
+used to satisfy all liabilities and obligations of the Trust.
+After satisfaction of the payments, the company will make a
+second distribution around April 29, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15632" NEWID="10111">
+<DATE>26-MAR-1987 15:04:13.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2298&#31;reute
+r f BC-FCC-EASES-RULE-FOR-CA   03-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FCC EASES RULE FOR CABLE TV FIRMS ON SWITCH</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The Federal Communications
+Commission voted at a meeting to ease a requirement that cable
+television firms must provide a signal-selector switch free of
+charge to all customers.
+    The so-called A/B switch is attached to a television set
+and permits a viewer to turn from cable programs to
+over-the-air broadcast stations which cable companies must
+carry.
+    After the rule was criticized the FCC changed it so that
+cable firms would have to provide the switch only if a customer
+requested it and could charge a fee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15633" NEWID="10112">
+<DATE>26-MAR-1987 15:04:50.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2303&#31;reute
+u f BC-ELECTRO-SENSORS-INC-&lt;   03-26 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRO-SENSORS INC &lt;ELSE> VOTES EXTRA PAYOUT</TITLE>
+<DATELINE>    MINNEAPOLIS, March 26 - </DATELINE><BODY>Electro-Sensors Inc said its board
+voted an extraordinary cash dividend on its common stock of 10
+cts a share payable May 15, record April 30.
+    The company paid an extraordinary dividend of 10 cts in May
+1986.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15634" NEWID="10113">
+<DATE>26-MAR-1987 15:06:05.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2307&#31;reute
+u f BC-UAW-CONFIRMS-TALKS-AT   03-26 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW CONFIRMS TALKS AT GM &lt;GM> PLANT TO RESUME</TITLE>
+<DATELINE>    DETROIT, March 26 - </DATELINE><BODY>The United Auto Workers confirmed an
+earlier company statement that contract talks between striking
+workers at a General Motors Corp's Michigan plant and the union
+will resume at 1000 EST tomorrow.
+    A UAW spokesman, in confirming a GM statement that talks
+will restart, said it "remains to be seen whether the talks
+will be successful."
+    The union, in a statement, said it was unable to reach a
+comprehensive settlement with GM on the issue of the company's
+subcontracting work to non-union labor, although tentative
+agreement was reached "on many matters." A UAW spokesman would
+not discuss the issues involved.
+    The union's 9,000 workers walked off the job at GM's
+Pontiac, Mich., truck and bus works earlier today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15635" NEWID="10114">
+<DATE>26-MAR-1987 15:06:43.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2308&#31;reute
+r f BC-U.S.-HOME-&lt;UH>-SEES-B   03-26 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOME &lt;UH> SEES BEST FIRST QTR SINCE 1983</TITLE>
+<DATELINE>    HOUSTON, March 26 - </DATELINE><BODY>U.S. Home Corp said its first quarter
+ending March 31, 1987, will be its most profitable first
+quarter since 1983.
+    The company said in 1983, it recorded a profit of 8,600,000
+dlrs for its first quarter. The three following first quarters
+resulted in losses of 3,200,000 dlrs, 3,500,000 dlrs and
+1,800,000 dlrs, respectively, the company said.
+    U.S. Home declined to put a specific figure on what its net
+earnings would be for the coming first quarter, but said it
+would definitely record a profit.
+    In other news, U.S. Home said its shareholders approved an
+amendment to its company's certificate of incorporation
+relating to the liability of the company's directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15636" NEWID="10115">
+<DATE>26-MAR-1987 15:08:35.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2312&#31;reute
+r f BC-ROCKEFELLER-CENTER-PR   03-26 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKEFELLER CENTER PROPERTIES &lt;RCP> UPS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Rockefeller Center Properties Inc said
+it raised its quarterly dividend to 45 cts from 44 cts a share.
+    The dividend is payable April 27 to shareholders of record
+April 7.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15637" NEWID="10116">
+<DATE>26-MAR-1987 15:12:50.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2326&#31;reute
+u f BC-SMITH-BARNEY-CUTS-RAT   03-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITH BARNEY CUTS RATING ON MCGRAW-HILL &lt;MHP></TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Smith Barney, Harris Upham and Co
+analyst Edward Atorino lowered his rating on McGraw-Hill Inc
+from a strong buy to a buy, saying earnings this year will be a
+little less than he previously expected.
+    McGraw Hill fell 2-1/4 to 68-1/4 on 223,000 shares.
+    Atorino said his decision reflected mainly non-operating
+factors and a recent gain in the share price. He said after
+several acquisitions last year good will charges are up. Also,
+the company faces a higher tax rate.
+    Atorino expects earnings of 3.55 dlrs per share this year,
+up from 3.04 dlrs last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15638" NEWID="10117">
+<DATE>26-MAR-1987 15:14:41.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f2332&#31;reute
+b f BC-/MOODY'S-DOWNGRADES-B   03-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S DOWNGRADES BANKAMERICA &lt;BAC></TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded BankAmerica Corp and the unit BankAmerica Overseas
+Finance Corp but affirmed ratings of the units Bank of America
+N.T. and S.A., Seafirst Corp and Seattle-First National Bank.
+    The actions affect 5.5 billion dlrs of debt.
+    Moody's said the downgrade reflected its concern over
+prospects for material improvement in the holding company's
+operating profitability in the medium term.
+    Cut were BankAmerica's senior debt to Ba-1 from Baa-3,
+subordinated debt to Ba-3 from Ba-1, preferred stock to B-1
+from Ba-3 and commercial paper to Not-Prime from Prime-3.
+    BankAmerica is the second-largest bank holding company in
+the U.S.
+    Moody's reduced the subsidiary BankAmerica Overseas
+Finance's senior debt to Ba-1 from Baa-3 and subordinated debt
+to Ba-3 from Ba-1. That debt is guaranteed by the parent.
+    The rating agency also cited the holding company's
+continuing high level of problem assets, including significant
+exposure to Latin American debtor countries, that will continue
+to pressure profitability.
+    However, Moody's noted that BankAmerica Corp remains liquid
+and owns considerable marketable assets.
+    Moody's said it affirmed the ratings of the Bank of America
+unit because of that bank's franchise value, significant core
+deposit base and an expectation of regulatory support if
+further stresses develop.
+    The agency confirmed Bank of America's Baa-1 long-term
+rating and Prime-2 short-term rating, as well as Seafirst's
+Ba-1 senior debt and Seattle-First's short and long-term
+ratings of Baa-1 and Prime-2 respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15639" NEWID="10118">
+<DATE>26-MAR-1987 15:18:34.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2352&#31;reute
+r f BC-U.S.-BANK-PAPER-UNDER   03-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANK PAPER UNDER LIGHT PRESSURE IN MARKET</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Debt securities of major U.S. banks
+came under light selling pressure in secondary trading on the
+heels of Standard and Poor's Corp's downgrade of six money
+center banks late yesterday, analysts and traders said.
+    But they described market response as muted because the S
+and P action came as no surprise. Besides, many participants
+had already shied away from bank issues following Brazil's
+suspension of interest payments last month, traders added.
+    "The downgrades were expected for some time. In fact, you
+can argue that S and P is lagging the market," commented one
+trader.
+    On February 20, Brazil said it would suspend interest
+payments on about 68 billion dlrs owed to foreign commercial
+banks. No date was established for the renewal of payments.
+    In its action, Standard and Poor's cited the exposure to
+major Latin American debtor countries of Chase Manhattan Corp
+&lt;CMB>, Chemical New York Corp &lt;CHL>, Irving Bank Corp &lt;V> and
+Manufacturers Hanover Corp &lt;MHC>.
+    The rating agency also downgraded Mellon Financial Corp
+&lt;MEL> and Security Pacific  Corp &lt;SPC>, but said this reflected
+higher non-performing assets and weaker operating results
+rather than the international debt problem.
+    "The S and P downgrades were a non-event," a trader said.
+"Anyone who was caught unaware was not on top of the situation
+anyway."
+    Said another trader, "People talked about this before and
+after S and P's announcement. There was not much reaction among
+bank issues today, though prices are still below par."
+    Still, market watchers said the action further undermined
+sentiment for bank paper.
+    Because of Brazil's suspension of interest payments, U.S.
+bank paper has underperformed such other sectors as utilities,
+telephones and industrials, analysts pointed out.
+    Even though Standard and Poor's affirmed the debt ratings
+of Citicorp &lt;CCI>, Bankers Trust New York &lt;BT>, Bank of Boston
+Corp &lt;BKB> and J.P. Morgan and Co Inc &lt;JPM>, few buyers can be
+found for securities issued by those banks, traders said.
+    "Let's face it. Investors believe these banks are also
+exposed to Latin and other debtor countries. And investors buy
+on perceptions," said one broker.
+    About the only bright spots in an otherwise dull banking
+sector of the secondary corporate market are U.S. regional
+banks and Japanese banks because investors perceive them as
+less exposed to the debtor nations, analysts pointed out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15640" NEWID="10119">
+<DATE>26-MAR-1987 15:22:24.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2363&#31;reute
+d f BC-SANDUSTRY-PLASTICS-IN   03-26 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANDUSTRY PLASTICS INC &lt;SPI> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 26 -
+    </DATELINE><BODY>Shr seven cts vs 26 cts
+    Net 200,000 vs 450,000
+    Revs 7,291,000 vs 1,177,000
+    12 mths
+    Shr 37 cts vs 77 cts
+    Net 801,000 vs 1,329,000
+    Revs 26 mln vs 28.6 mln
+    NOTE: 1985 year includes extraordinary gain of 10 cts per
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15641" NEWID="10120">
+<DATE>26-MAR-1987 15:23:02.52</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2366&#31;reute
+b f BC-/CHINA-SWITCHES-U.S.   03-26 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA SWITCHES U.S. WHEAT TO 1987/88 FROM 86/87</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>China has switched purchases of U.S.
+wheat totaling 60,000 tonnes from the 1986/87 season, which
+began June 1, to 1987/88 season delivery, the U.S. Agriculture
+Department said.
+    The department said outstanding wheat sales to China for
+the current season amount to 90,000 tonnes and sales for
+delivery in the 1987/88 season amount to 910,000 tonnes.
+    Total corn commitments for the 1986/87 season total
+1,015,800 tonnes, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15642" NEWID="10121">
+<DATE>26-MAR-1987 15:23:15.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2367&#31;reute
+u f BC-ROYAL-BANK-WARNS-REGU   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL BANK WARNS REGULATORY HARMONY NEEDED</TITLE>
+<DATELINE>    OTTAWA, March 26 - </DATELINE><BODY>Royal Bank of Canada Chairman Allan
+Taylor said Ottawa and the provinces risk weakening the
+country's financial system if they do not agree on a harmonized
+regulatory regime for financial institutions.
+    Taylor also said it was vital that the federal government 
+retain its existing powers under Ottawa's major new proposals
+to revamp the country's financial system.
+    "Unless great care is taken now, in the detailed drafting
+and implementation of regulatory change, we could actually end
+up weakening our financial system," Taylor told a business
+luncheon.
+    "Also, we must avoid costly and inefficient duplication of
+regulation and supervision between federal and provincial
+authorities," Taylor continued.
+    Earlier this week Federal Minister of State for Finance,
+Tom Hockin, said progress was being made with his provincial
+counterparts on the proposals that involve removing the
+traditional barriers separating the banking, securities and 
+insurance sectors.
+    The governments are attempting to resolve a jurisdictional
+dispute over who regulates what under the new system. The
+provinces have traditionally had authority in the securities
+field while Ottawa oversaw the banking sector.
+    But the Chairman of Canada's largest bank stressed that 
+Ottawa should retain its regulatory powers to "preserve an
+efficient, competitive, national financial system."
+    On the free trade talks under way with the U.S., Taylor
+said Canadian negotiators must insure banks have as much access
+to the American market as U.S. institutions are granted here.
+    He told a new conference later he was "reasonably
+confident" the Canadian side was making reciprocity in
+financial services an issue at the negotiating table.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15643" NEWID="10122">
+<DATE>26-MAR-1987 15:28:04.96</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D><D>ghana</D><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2378&#31;reute
+b f BC-COCOA-CHAIRMAN-WORKS   03-26 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA CHAIRMAN WORKS TOWARDS BUFFER COMPROMISE</TITLE>
+<DATELINE>    LONDON, MARCH 26 - </DATELINE><BODY>International Cocoa Organization's,
+ICCO, council chairman Denis Bra Kanon continued work towards a
+compromise plan on how the ICCO buffer stock should buy cocoa,
+consumer delegates said.
+    Consumer delegates said Bra Kanon had not formally
+presented the compromise plan to producers and consumers, and
+it was unlikely he would do so before Friday, they said.
+    There was widespread confidence a result on the outstanding
+items could be reached by Friday, when the council session is
+due to end, consumers said.
+    Bra Kanon completed bilateral consultations with several
+delegations today on the main sticking points in the draft
+buffer stock rules package, they said.
+    Certain delegations wanted further discussion on the amount
+of non-member cocoa the buffer stock will be permitted to buy,
+differentials for different origin cocoas and limits on buffer
+stock purchases of nearby, and forward material, the delegates
+said.
+    The buffer stock working group finalized the remaining
+buffer stock rules, with only minor modifications to the
+original draft buffer stock package produced last week, the
+delegates said.
+    The ICCO council is due to elect a new executive director
+when it reconvenes Friday, producer delegates said.
+    Producers intend to present a single candidate for the
+post, and this is most likely to be Edouard Kouame from Ivory
+Coast, they said.
+    Earlier, the existing executive director, Kobena Erbynn
+from Ghana, was expected to re-nominated, but he is now likely
+to withdraw, the delegates said.
+    The executive committee is due to meet Friday at 1100 GMT,
+with the council unlikely to reconvene until late Friday,
+consumers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15644" NEWID="10123">
+<DATE>26-MAR-1987 15:35:19.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2399&#31;reute
+h f BC-U.K.-DEALERS-DOUBT-HU   03-26 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. DEALERS DOUBT HUGE JAPANESE CASH INFLUX</TITLE>
+<AUTHOR>    By Phil Smith, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Many London equity dealers doubt whether
+the much publicised flood of Japanese investment into the U.K.
+Equity market will be as large as some analysts have forecast.
+    There has recently been much speculation that the Japanese
+would look towards the U.K. Stock market for investment
+opportunities on a much larger scale when the new fiscal year
+begins next month. Last October's reorganisation of the stock
+market, known as 'Big Bang', paved the way for greater
+participation by overseas investors.
+    Some analysts believe the Japanese have earmarked massive
+sums for investment in Europe.
+    Both the London and Tokyo markets have moved ahead strongly
+since the start of this year. But London has lagged behind in
+real terms and therefore is now beginning to look like giving a
+better return on any funds that are reserved for equity
+investment. Sterling's firmness also means there are profits to
+be made from the currency turn. However, many equity dealers
+polled by Reuters think that the Japanese will shy away from
+London and continue to invest in instruments such as U.S.
+Government securities.
+    Even if they do diversify from their old stamping grounds
+they will head for the U.S. Equity market before they come to
+the European stock markets, one dealer predicted.
+    "The Japanese, although very aggressive in markets that they
+know, tend to be more conservative in those they don't...Even
+if they do come to London in a big way they would tend to go
+more for the fixed interest gilt edged market rather than the
+more volatile equities," he added.
+    He also cited the forthcoming U.K. General election as
+another factor in keeping Far Eastern money out of the London
+stock market.
+    "The Japanese do not like too much uncertainty and a general
+election creates just the kind that will keep them on the
+sidelines," one trader said.
+    There are also doubts whether the Japanese would find the
+track records of U.K. Companies strong enough to make them
+willing to invest heavily. "Our industrial and manufacturing
+output may be looking better, but it must still look pretty
+uninspiring to the Japanese," one broker said.
+    Some market participants, however, are a little more
+bullish and do expect more, although not a massive amount, of
+Far Eastern funds to come to London in the short term.
+    They point out that capital gains on U.S. Bonds, a market
+in which the Japanese are traditionally heavy players, have
+been eroded because of the fall in the U.S. Dollar and this
+could prompt them to move funds out of the U.S. But even those
+who are mildly bullish concede that Japanese investors on the
+London exchange would almost certainly confine themselves to
+longer term investment in 10 or 15 leading 'blue chip' issues,
+which may include industrial giants such as ICI, Hanson Trust,
+British Petroleum, Glaxo and Unilever.
+    One analyst said he believed if there was such investment
+in blue chip issues, recently privatised companies such as
+British Gas and British Telecom could be left out in the cold.
+    He said that with an election coming up, overseas investors
+would be worried that a Labour victory would bring a policy of
+re-nationalisation of such companies. The Labour party has in
+the past said it would do this.
+    Some of the recent rise in U.K. Equities has anticipated an
+increase in Japanese buying in the near future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15645" NEWID="10124">
+<DATE>26-MAR-1987 15:40:09.91</DATE>
+<TOPICS><D>grain</D><D>sugar</D><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2415&#31;reute
+b f BC-/FRANCE-WILL-FIGHT-EC   03-26 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE WILL FIGHT EC FARM PROPOSALS - MINISTER</TITLE>
+<DATELINE>    VERSAILLES, FRANCE, March 26 - </DATELINE><BODY>French Agricultural Minister
+Francois Guillaume warned that France would flatly reject
+proposed reforms of the European Community, EC, cereals, sugar
+and oilseeds sectors, which he said would disrupt these
+markets.
+    The EC Commission's proposals to shorten the intervention
+period and lower monthly premiums for cereals and increase the
+financial burden on the sugar producers will also result in
+lower real prices for producers, he told farmers here.
+    "I give you my word that France, while it will not reject
+technical adjustments or serious discussion, will simply reply
+in the negative to these bad reforms," Guillaume told the annual
+conference of the country's major farm union, FNSEA 
+(Federation Nationale des Syndicats Dexploitants Agricoles).
+    Community agricultural ministers are due to meet again
+Monday to try and agree a package of reforms to curb spiralling
+EC output and fix farm prices for 1987/88.
+    Relations between the government and farmers have become
+strained in France in recent months.
+    There have been sporadic but frequent demonstrations by
+farmers protesting over sharp falls in meat and pork prices and
+further cutbacks in Community milk output.
+    But Guillaume's warning that he would reject reorganisation
+of the EC cereal and sugar markets -- France being a major
+producer of both crops -- won him warm applause from the
+FNSEA's farmers.
+    His pledge to fight the EC proposals and push for the
+complete dismantling of the system of cross border taxes
+designed to smooth out currency differences known as Monetary
+Compensatory Amounts, MCA's, however, are unlikely to avoid
+further protests by producers.
+    Farm leader Raymond Lacombe said the union planned to go
+ahead with a series of major protests both in France and abroad
+against the EC Commission's proposals to overhaul the farm
+sector.
+    "The Minister's proposals back up our determination to
+organise union action in the coming weeks," he told reporters,
+adding that this could also act in Guillaume's favour on a
+ministerial level.
+    Guillaume was head of the FNSEA for many years before being
+appointed farm minister last spring.
+    Lacombe refused to say whether the farmers felt that
+Guillaume was doing a good job as farm minister.
+    There have been certain advances on cutting production
+costs, reducing fiscal costs and awarding drought aid, but
+there are still areas where more could be done such as on
+farmers' indebtedness, he said.
+    Guillaume told the conference the government will make
+available 2.4 billion francs (396 mln dlrs) to help producers
+reduce milk output and to encourage older farmers to retire.
+    The government has already announced financial aid for the
+milk sector and it was not clear how much of the package
+announced today was new aid, Lacombe said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15646" NEWID="10125">
+<DATE>26-MAR-1987 15:44:50.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2425&#31;reute
+r f BC-U.S.-SENATE-GROUP-EYE   03-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE GROUP EYES 37 BLN DLR DEFICIT CUT</TITLE>
+<DATELINE>    WASHINGTON, March 26 - Senate budget writers worked on a 37-</DATELINE><BODY>billion-dlr package of budget deficit reductions, half through
+unspecificed new revenues, to cut the 1988 deficit with a goal
+of balancing the budget in 1991 under a new law's target.
+    The committee went over a package of deficit reductions
+proposed by its chairman, Democrat Lawton Chiles of Florida,
+which he said would reach the 108-billion-dlr deficit in 1988
+under the Gramm-Rudman budget law -- using President Reagan's
+economic estimates.
+    Using the Congressional Budget Office estimates, which
+Congress usually relies on, would produce a deficit of 134
+billion dlrs, Chiles said.
+    Under the Chiles plan, deficits would be cut from
+anticipated levels by nearly 110 billion dlrs over four years
+to produce a 1991 balanced budget--the target of the Gramm
+Rudman law.
+    For 1988, the Chiles formula would cut the deficit by 37
+billion dlrs, half through defence and non defence savings,m
+the rest through revenues.
+    Defence would be cut nearly 6.9 billion dlrs. Reagan
+proposed hiking outlays by some 8 billion dlrs.
+    His non defence budget savings, including health, welfare,
+agricultural, government services and reduced interest
+payments, amount to 11.6 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15647" NEWID="10126">
+<DATE>26-MAR-1987 15:44:58.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2426&#31;reute
+r f AM-BRAZIL-CABINET   03-26 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S PRESIDENT SARNEY DUE TO RESHUFFLE CABINET</TITLE>
+<DATELINE>    BRASILIA, March 26 - </DATELINE><BODY>Brazilian President Jose Sarney will
+reshuffle part of his cabinet next month but will preserve his
+finance minister, a presidential source said.
+    The cabinet reshuffle, expected since the resignation of
+Minister of Planning Joao Sayad eight days ago, is due to take
+place within the next two to three weeks, the source said.
+    The source, who asked not to be identified, said that "in
+principle, the reshuffle would not affect Finance Minister
+Dilson Funaro."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15648" NEWID="10127">
+<DATE>26-MAR-1987 15:45:37.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2428&#31;reute
+d f BC-IMS-INTERNATIONAL-SPI   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMS INTERNATIONAL SPINS-OFF UNIT IN OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>&lt;IMS International Inc> said its
+Applied Bioscience International Inc &lt;APBI> unit is making an
+initial public offering of three mln shares of common stock at
+15 dlrs a share.
+    The offering, through a syndicate managed by Shearson
+Lehman Bros Inc and L.F. Rothschild Unterberg Towbin Inc,
+consists of IMS's entire holdings.
+    The unit is a toxicological testing company that has
+laboratories in the U.S. and U.K. It is parent to Bio/dynamics
+Inc and Life Science Research Ltd, which were previously the
+Life Sciences division of IMS International.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15649" NEWID="10128">
+<DATE>26-MAR-1987 15:46:25.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2433&#31;reute
+d f BC-FIRST-FINANCIAL-&lt;FFMC   03-26 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FINANCIAL &lt;FFMC> BUYS CONFIDATA</TITLE>
+<DATELINE>    ATLANTA, March 26 - </DATELINE><BODY>First Financial Management Corp said it
+acquired Confidata Corp, a unit of &lt;North Ridge Bank>, paying
+500,000 dlrs in cash and pledging a guarantee on a 500,000 dlr
+Confidata note held by North Ridge.
+    First Financial, which provides data processing services to
+community banks and other financial institutions, said the
+acquisition will expand its customer base.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15650" NEWID="10129">
+<DATE>26-MAR-1987 15:46:32.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2434&#31;reute
+d f BC-COMBUSTION-ENGINEERIN   03-26 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMBUSTION ENGINEERING &lt;CSP> UNIT IN BUYOUT</TITLE>
+<DATELINE>    STAMFORD, Conn., March 26 - </DATELINE><BODY>Combustion Engineering Inc said
+its C-E Environmental Systems and Services Inc unit agreed in
+principle to acquire &lt;E.C. Jordan and Co>, a privately held
+firm based in Portland, Me.
+    Terms of the acquisition were mot disclosed.
+    Combustion Engineering said C-E Environmental, which
+provides environmental sciences and management services, had
+1986 sales of about 24 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15651" NEWID="10130">
+<DATE>26-MAR-1987 15:46:55.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2437&#31;reute
+r f BC-PEPCO-&lt;POM>-TWO-MTHS   03-26 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEPCO &lt;POM> TWO MTHS FEB 28 NET</TITLE>
+<DATELINE>    WASHINGTON, D.C., March 26 -
+    </DATELINE><BODY>Shr 49 cts vs 57 cts
+    Net 25.1 mln vs 28.9 mln
+    Revs 202.8 mln vs 220.9 mln
+    12 mths
+    Shr 4.05 dlrs vs 3.66 dlrs
+    Net 223.9 mln vs 186.4 mln
+    Revs 1.35 billion vs 1.34 billion
+    NOTE: Full name Potomac Electric Power Co
+    1987 year includes extraordinary gain of 21.7 mln, or 46
+cts per share, for the June 1986 sale of the company's Virginia
+service territory to Virginia Power.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15652" NEWID="10131">
+<DATE>26-MAR-1987 15:48:29.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2443&#31;reute
+u f BC-HONDA-EXPORTS-FIRST-U   03-26 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONDA EXPORTS FIRST U.S.-MADE CARS</TITLE>
+<AUTHOR>    By Scott Williams, Reuters</AUTHOR>
+<DATELINE>    Detroit, March 26 - </DATELINE><BODY>Japanese-owned Honda American
+Manufacturing Co has exported the first U.S.-built cars ever
+sold overseas by a foreign-owned auto company, a Honda
+spokesman said.
+    The subsidiary of Honda Motor Co Ltd &lt;HMC.T> of Japan
+shipped 200 of its popular Accord cars to Taiwan earlier this
+month, the spokesman said. The company might also eventually
+send U.S.-made cars to Japan, he said.
+    The automaker said it would not boost its U.S. imports of
+cars from Japan, but instead make up demand for its cars in the
+U.S. by increasing U.S. production.
+    The shipment to Taiwan was part of planned shipments to
+San-Yan Industries of Taiwan of about 2,000 Accords a year.
+    Honda said it does not make Accords in Taiwan, and is
+prevented by Taiwanese import restrictions from shipping them
+there from Japan.
+    Those restrictions were loosened this year to allow imports
+from the United States. Previously no imports of foreign-built
+cars were allowed, the spokesman said.
+    The Accords were built at Honda's U.S. car and motorcycle
+production facility at Marysville, Ohio. Honda in the past has
+sent motorcycles from Marysville to Europe and Australia, and
+has sent cars to Canada.
+    Honda's U.S. output would have to be adjusted to meet
+changing U.S. demand, the spokesman said. He quoted American
+Honda president Tetsuo Chino as saying, "Honda will not
+increase U.S. imports beyond the current level even if
+voluntary export restrictions on Japanese cars are lifted."    
+ Analysts say there are few signs Japan's restrictions will be
+lifted.
+    Honda might decide by the end of this year whether to
+expand its U.S. production, the spokesman said.
+    Honda said it is considering building either of its two new
+luxury models--the "Legend" or "Integra"--in the United States.
+    The Legend and Integra, two models of the company's Acura
+line, were introduced last March. If the cars prove popular
+enough, one of them could be built at the Ohio plant, or at a
+new factory, the spokesman said.
+    The spokesman said it is possible Acuras built in the
+United States could be shipped back to Japan. However, he said
+that decision has not yet been made, and would follow the
+decision to build the cars in the United States.
+    If demand for either one of the two cars reaches 100,000
+vehicles a year, Honda could decide to build the cars in the
+U.S., the company said.
+    Sales of the Integra through February have outpaced the
+Legend--35,768 against 29,824--but the spokesman said Honda
+expects sales to "lean more heavily toward Legend" this year
+because a two-door Legend has been added to the line.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15653" NEWID="10132">
+<DATE>26-MAR-1987 15:50:15.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f2447&#31;reute
+u f AM-BRAZIL-STRIKES   03-26 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO SOLUTION SEEN SOON IN BRAZIL BANK STRIKE</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 26 - </DATELINE><BODY>No negotiated solution is in
+sight to a three-day-old national strike by the majority of
+Brazil's 700,000 bankworkers, a spokesman for the National
+Federation of Banks said.
+    The private bankers would rather wait until next Monday,
+when a labour court is due to judge the legality of the
+stoppage, the spokesman said. The bankworkers are demanding a
+100 pct pay rise.
+    "The workers are breaking an agreement signed six months
+ago. If the banks agreed to grant them 100 pct now, soon
+workers would have to be laid off and in some cases even banks
+would run out of business," the spokesman told Reuters.
+    He said only the state-controlled Banco do Brasil was on
+the verge of negotiating an accord with its workers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15654" NEWID="10133">
+<DATE>26-MAR-1987 15:52:29.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f2454&#31;reute
+u f BC-BANKERS-SEE-GOOD-RECE   03-26 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS SEE GOOD RECEPTION OF BP CREDIT FACILITY</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>A huge five billion dlr credit facility
+being syndicated for two subsidiaries of British Petroleum Co
+Plc &lt;BP.L> should be well received in the market, given the
+relatively generous terms it carries, banking sources said.
+    The sources said they believe the committed four year
+revolving credit - the largest of its kind in the euromarkets -
+carries a facility fee of 1/8 pct and that drawings will be at
+1/8 pct over the London Interbank Offered Rate (Libor).
+    Morgan Guaranty Trust Co of New York, which is arranging
+the financing in conjunction with its London operation, was not
+available to commment on the terms.
+    BP announced it was arranging the financing earlier today
+as part of its planned tender offer for the 45 pct of Standard
+Oil Co that it does not own already.
+    In addition to the revolving credit, BP also is arranging a
+U.S. commercial paper program for an as yet undetermined
+amount, which will be supported by the revolver.
+    Bankers noted that the terms on the new facility compare
+extremely favourably to those on other short-term facilities
+for which pricing has turned extremely fine due to competition
+for the mandates. It also contrasts with the 1/16 pct fee BP
+paid on a recent 1.5 billion dlr refinancing of some existing
+debt.
+    Earlier today a Morgan Guaranty official, while declining
+to reveal the pricing on the facility said that banks would be
+"compensated fairly" since this is a special purpose facility
+which must be completed quickly, with the signing expected in
+about 10 days.
+    The facility is only being syndicated among BP's
+relationship banks and therefore has large individual
+commitments from the banks. Lead managers are being recruited
+at the 200 mln dlr level, co-lead managers at 125 mln and
+managers at 75 mln.
+    However, bankers said that despite the size it is likely
+the financing will get done quickly since banks will want to be
+seen as supporting the relationship.
+    The financing is being arranged in the name of BP
+International and BP North America.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15655" NEWID="10134">
+<DATE>26-MAR-1987 15:57:04.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2463&#31;reute
+u f BC-/BOLIVIA-OPENS-TALKS   03-26 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIVIA OPENS TALKS WITH TOP UNION LEADERS</TITLE>
+<DATELINE>    LA PAZ, March 26 - </DATELINE><BODY>Bolivia's government, faced with a
+mounting social unrest, opened talks today with the country's
+top union leaders on ways to settle a series of pay demands.
+    Foreign minister Guillermo Bedregal led a team of
+government officials to the talks, held with the mediation of
+the Roman Catholic church, sources said.
+    The secretary general of Bolivia's labour organization COB,
+Juan Lechin Oquendo, headed a group of four COB leaders to the
+meeting at the archbishopric of La Paz, they said.
+    Thousands of peasants, university students ann workers
+marched today through the streets of La Paz to protest against
+the government's economic policies.
+    A hunger strike to press for higher wages spread today to
+about 4,000 union leaders, workers, and university students in
+the country's major cities, said COB press secretary Gonzalo
+Vizcarra.
+    Simultaneonsly, about 9,000 miners employed by the state
+corporation COMIBOL continued their production strike begun
+last Friday to press for higher wages and more funds in the
+nationalised mining industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15656" NEWID="10135">
+<DATE>26-MAR-1987 15:57:18.64</DATE>
+<TOPICS><D>gnp</D><D>jobs</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2464&#31;reute
+u f BC-ITALIAN-1986-GDP-UP-2   03-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN 1986 GDP UP 2.7 PCT, UNEMPLOYMENT RISES</TITLE>
+<DATELINE>    ROME, March 26 - </DATELINE><BODY>Extracts from a report by Italy's Budget
+Ministry on the country's economic development in 1986 showed
+gross domestic product (GDP) 2.7 pct higher in real terms than
+in 1985 but a rise in unemployment.
+    GDP calculated at 1980 prices rose to 434,682 billion lire
+last year from 423,064 billion in 1985. On a current prices
+basis, GDP was up 11 pct, totalling 894,362 billion lire in
+1986 against 805,754 billion in 1985.
+     But growth was insufficient to prevent a rise in
+unemployment to 11.1 pct last year from 10.3 pct in 1985, the
+ministry said.
+    The report said falling oil prices and the depreciation of
+the dollar during 1986 had favoured oil-importing countries
+such as Italy.
+    These factors helped Italy cut inflation to an average 6.3
+pct in 1986, down from 9.3 pct in 1985.
+    They also helped a major improvement in the trade balance.
+    On the basis of data recently recalculated by the national
+statistics institute Istat, Italy had a trade deficit in 1986
+of 3,722 billion lire, the report said. This slightly revises a
+previous deficit figure of 3,717 billion issued by Istat and
+compares with a negative balance of 23,085 billion for 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15657" NEWID="10136">
+<DATE>26-MAR-1987 15:57:28.70</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2465&#31;reute
+b f BC-VOLCKER-REAFFIRMS-G-6   03-26 0111</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+VOLCKER REAFFIRMS G
+-6 NEGOTIATING PROCESS
+    WASHINGTON, March 26 - Federal Reserve Board Chairman Paul
+Volcker urged Congress to allow the government to continue its
+flexible negotiations on exchange rates through procedures such
+as the recent Paris meeting of industrialized countries.
+    In a letter to House Banking Committee chairman Fernand St.
+Germain, Volcker said he opposed legislation to formalize
+international negotiations on exchange rates and to require
+Treasury Secretary James Baker to disclose plans for currency
+intervention.
+    Volcker's letter was written March 24 in advance of the
+committee's March 25 approval of the proposed legislation.
+    "The fundamental policy objectives of the United States can
+best be implemented in a more flexible framework, such as
+through the recent meeting in Paris of Finance Ministers and
+Central Bank governors," Volcker said.
+    He recommended Congress not lock the administration into
+formal procedures for international exchange rate negotiations
+to achieve specific exchange rate goals.
+    "The achievement of a sustainable pattern of U.S.
+international transactions and more stability in exchange rates
+are ones with which I remain sympathetic," he said.
+    The Banking Committee's bill directs the administration to
+to start negotiations to reach a competitive exchange rate for
+the U.S. dollar "runs the risk of build up potentially
+destabilizing market expectations," Volcker said.
+    A requirement that Baker disclose his intervention policy
+could reduce the usefulness of intervention as a tool to deal
+with exchange rate volatility, Volcker added.
+    Baker has also opposed the legislation which will be
+wrapped into a major trade bill for consideration in the House
+in late April. The Senate will consider its version of the
+trade bill in May.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15658" NEWID="10137">
+<DATE>26-MAR-1987 15:58:06.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2468&#31;reute
+f f BC-******MOODY'S-MAY-DOW   03-26 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S MAY DOWNGRADE BRITISH PETROLEUM AND STANDARD OIL 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15659" NEWID="10138">
+<DATE>26-MAR-1987 15:59:56.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2473&#31;reute
+d f BC-FARM-CREDIT-AID-SEEN   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM CREDIT AID SEEN BROADENED TO OTHER LENDERS</TITLE>
+<DATELINE>    WASHINGTON, MARCH 26 - </DATELINE><BODY>Farm-state Senators indicated they
+may broaden a Farm Credit System rescue package to include aid
+for borrowers from private lenders such as commercial banks, as
+well as the farm credit system.
+    Sen. David Boren, D-Okla., chairman of the Senate
+Agriculture subcommittee responsible for farm credit, said
+legislation to rescue the financially-troubled system should
+provide help to borrowers from all lenders to agriculture.
+    "We must provide some form of interest rate buydown,
+principal reduction relief for all eligible farmers and
+ranchers regardless of their lending institution," Boren said.
+    Boren's statement received bipartisan support from Sen.
+James McClure, R-Idaho, who agreed that the aid package should
+cover all lenders to agriculture.
+    The comments by Senators of both parties, plus endorsements
+for the across-the-board approach from the nation's largest
+farm organization, the American Farm Bureau Federation, and
+from the system itself, appeared to significantly broaden the
+focus of the rescue legislation for the farm credit system.
+Until now, agriculture officials had focused exclusively on how
+to resurrect the failing system.
+    Boren said borrowers from private lenders such as
+commercial banks and life insurance companies must be included
+in the aid package because "it would not be fair to address
+only the problems of Farm Credit System borrowers."
+    However, Boren and other proponents of an across-the-board
+interest rate or principal buydown did not say how much the
+broad approcah would cost.
+    But Neil Harl, professor of economics at Iowa State
+University told the hearing the cost could be in the range of
+3.5 billion dlrs annually.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15660" NEWID="10139">
+<DATE>26-MAR-1987 16:00:15.11</DATE>
+<TOPICS><D>acq</D><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2474&#31;reute
+u f BC-FERRUZZI-PARIS-UNIT-S   03-26 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERRUZZI PARIS UNIT SEEN ABSORBING CPC PURCHASE</TITLE>
+<DATELINE>    MILAN, March 26 - </DATELINE><BODY>Sources close to Italy's &lt;Gruppo
+Ferruzzi> said &lt;European Sugar (France)>, a French company
+owned by Ferruzzi, would take over control of &lt;CPC Industrial
+Division>, the corn wet milling business acquired by the
+Italian group earlier this week from CPC International Inc
+&lt;CPC>.
+    The sources told Reuters that European Sugar, owned by
+Ferruzzi subsidiary Eridania Zuccherifici Nazionali SpA
+&lt;ERDI.MI>, planned to seek a listing on the Paris bourse and
+make a share offering there.
+    CPC International announced Tuesday it had agreed in
+principle to sell its European corn wet millng business to
+Ferruzzi. The deal is worth 630 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15661" NEWID="10140">
+<DATE>26-MAR-1987 16:01:44.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2478&#31;reute
+r f BC-DECISION-INDUSTRIES-&lt;   03-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DECISION INDUSTRIES &lt;DIC> SEES 1ST QTR LOSS</TITLE>
+<DATELINE>    HORSHAM, Penn., March 26 - </DATELINE><BODY>Decision Industries Corp said it
+expects to report an operating loss of 19-24 cts a share for
+the first quarter ending March 31 mainly due to lower profit
+margins and higher sales and marketing costs.
+    In the 1st quarter of last year, when the company's quarter
+ended Feb 28, 1986, it earned 957,000 dlrs or 10 cts a share on
+revenues of 45 mln dlrs.
+    Decision also said it entered into an agreement to sell its
+International Computerized Telemarketing Inc subsidiary to an
+investor group headed by the unit's senior management. Terms
+were not disclosed.
+    Decision also said it consolidated its Decision Development
+Corp subsidiary into Decision Data Computer Corp, the unit
+which designs, manufactures and sells its System/3X peripheral
+products.
+    It said this restructuring will adversely affect its first
+quarter earnings, but it said it expects to realize a
+"significant savings" in operating expenses through the
+remainder of the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15662" NEWID="10141">
+<DATE>26-MAR-1987 16:03:55.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2492&#31;reute
+d f BC-U.S.-SEC-MULLS-REQUIR   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SEC MULLS REQUIRING ACCOUNTING FIRM REVIEWS</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The federal Securities and Exchange
+Commission (SEC) proposed new rules that would require
+accounting firms that audit public companies to submit to a
+periodic outside review of their operations.
+    The SEC voted unanimously to seek public comment on the
+plan, under which an accounting firm would have to hire another
+firm to conduct a so-called "peer review" every three years or
+lose the right to audit public companies.
+    SEC officials conceded peer review would not end all
+audit failures but said they hoped it would eliminate audits by
+clearly unqualified firms and individuals.
+    "Peer review will not stop all bad audits; we recognize
+that," SEC Chief Accountant Clarence Sampson told the five SEC
+commissioners.
+    "But we hope the rule will go far to eliminate audits
+performed by individuals without the necessary skills to
+conduct a proper audit," Sampson said.
+    The move is largely symbolic, since firms and individuals
+responsible for auditing 84 pct of all public companies already
+voluntarily undergo peer review every three years, under an
+accounting industry self-regulatory plan.
+    But the SEC has been under pressure for years from some
+federal lawmakers to make the accounting industry more open and
+accountable to the public.
+    Agency officials estimated that a peer review would cost
+the average accounting firm between 1,500 and 2,500 dlrs, or
+500 to 750 dlrs a year.
+    "I don't think that (cost) is a dispositive issue," SEC
+Chairman John Shad said. "It's within a reasonable range of
+cost."
+    The proposal would exempt foreign auditors of non-U.S.
+companies required to file financial reports with the SEC.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15663" NEWID="10142">
+<DATE>26-MAR-1987 16:05:17.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2497&#31;reute
+f f BC-******S/P-AFFIRMS-CHR   03-26 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P AFFIRMS CHRYSLER AND UNITS, AFFECTS 19 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15664" NEWID="10143">
+<DATE>26-MAR-1987 16:06:14.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2499&#31;reute
+b f BC-******GENERAL-MOTORS   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM IDLES 1,000 WORKERS AT ONE PLANT, 2,000 GM WORKERS RETURN AT ANOTHER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15665" NEWID="10144">
+<DATE>26-MAR-1987 16:08:50.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2504&#31;reute
+f f BC-******U.S.-7-YEAR-NOT   03-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. 7-YEAR NOTE AVERAGE YIELD 7.04 PCT, STOP 7.04 PCT, AWARDED AT HIGH YIELD 62 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15666" NEWID="10145">
+<DATE>26-MAR-1987 16:09:39.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2507&#31;reute
+r f BC-PEPCO-&lt;POM>-TO-REDEEM   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEPCO &lt;POM> TO REDEEM PREFERRED STOCK</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Potomac Electric and Power Co said
+it will redeem on May 1, 1987, all of the shares of its
+outstanding 4.04 dlrs series of 1971 serial preferred stock at
+51.83 dlrs per share, plus accrued dividends.
+    PEPCO also said it will redeem all of the shares of its
+outstanding 4.23 dlr series of 1979 serial preferred stock, at
+52.82 dlrs per share, plus accrued dividends.
+    In addition, the company said it was selling one mln shares
+of a new series of the company's 50 dlr par value serial
+preferred stock. The annual dividend rate for the new stock
+will be 3.37 dlrs per share, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15667" NEWID="10146">
+<DATE>26-MAR-1987 16:09:50.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2508&#31;reute
+r f BC-LOMAK-&lt;LOMK>,-STRATA   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOMAK &lt;LOMK>, STRATA &lt;STRATA> IN MERGER PACT</TITLE>
+<DATELINE>    HARTVILLE, Ohio, March 26 - </DATELINE><BODY>Lomak Petroleum Inc and Strata
+Corp, based in Columbus, Ohio, jointly said they entered into a
+merger agreement for Strata to become a wholly owned subsidiary
+of Lomak.
+    Under the merger's terms, Strata shareholders will receive
+5.7 cts per share of Strata common and warrants to buy about
+.06 shares of Lomak common at 37.5 cts per share on or before
+December 31, 1990, for each Strata common share.
+    The merger is subject to approval by the companies' boards
+and shareholders and agreement of certain Strata creditors,
+among other things, said the companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15668" NEWID="10147">
+<DATE>26-MAR-1987 16:10:00.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2509&#31;reute
+r f BC-ANADARKO-&lt;APC>-FILES   03-26 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANADARKO &lt;APC> FILES TO OFFER CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Anadarko Petroleum Corp said it filed
+with the Securities and Exchange Commission a registration
+statement covering a 100 mln dlr issue of convertible
+subordinated debentures due 2012.
+    Proceeds will be used for the partial repayment of
+outstanding indebtedness, Anadarko said.
+    The company named Kidder, Peabody and Co Inc as underwriter
+of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15669" NEWID="10148">
+<DATE>26-MAR-1987 16:10:21.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2511&#31;reute
+r f BC-MOTOROLA-&lt;MOT>-UNIT-R   03-26 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOTOROLA &lt;MOT> UNIT REDUCES COMPUTER BOARD PRICE</TITLE>
+<DATELINE>    TEMPE, Ariz., March 26 - </DATELINE><BODY>Motorolo Inc's Microcomputer
+Division said it has reduced the price on 28 of its computer
+board products based on the VMEbus architecture.
+    The company said it was decreasing the price to consumers
+because falling component prices, increased volumes and
+manfucturing efficiency have achieved savings of 700 dlrs per
+board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15670" NEWID="10149">
+<DATE>26-MAR-1987 16:11:56.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2518&#31;reute
+d f BC-SEALED-POWER-&lt;SPW>,-G   03-26 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEALED POWER &lt;SPW>, GENERAL MOTORS&lt;GM> SIGN PACT</TITLE>
+<DATELINE>    DETROIT, March 26 - </DATELINE><BODY>Sealed Power Corp, an automotive parts
+producer and distributor, said its Kent-Moore Group has signed
+a memorandum of understanding with General Motors which would
+allow the group to distribute and market GM's Dealer Equipment
+service.
+    Sealed Power said the GM Dealer Equipment service evaluates
+various types of equipment for GM dealerships, authorizes
+suppliers to produce certain GM-branded items, merchandises GM
+and other selected equipment to dealers and consults with
+dealers on their service systems requirements.
+    "Kent-Moore will assume responsibility for the advertised
+dealer contact number...providing 'one stop shopping' for both
+special tools and state-of-the-art service equipment," Robert
+Bishop, Sealed Power group vice president, said.
+    GM Dealer Equipment will continue to evaluate and select
+the major service equipment items and the "GM Dealer Equipment"
+logo will still be used on specified service equipment, Sealed
+Power said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15671" NEWID="10150">
+<DATE>26-MAR-1987 16:12:53.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f2519&#31;reute
+b f BC-/MOODY'S-MAY-CUT-B.P.   03-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY CUT B.P. &lt;BP>, STANDARD OIL &lt;SRD></TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade British Petroleum Co PLC's 3.5 billion dlrs of
+debt and Standard Oil Co's 3.8 billion dlrs of debt.
+    The agency cited British Petroleum's 7.4 billion dlr tender
+offer today for the remaining 45 pct of Standard Oil shares it
+does not already own.
+    Moody's said that while British Petroleum has greatly
+strengthened its capital structure over the past few years,
+this acquisition would seriously affect the company's
+liquidity, leverage and interest coverage.
+    Moody's noted that British Petroleum would use more than
+two billion dlrs of excess cash and marketables and about five
+billion dlrs of new acquisition debt to fund the transaction.
+    In addition, the minority interest and deferred income
+taxes attributable to Standard Oil would be excluded from
+British Petroleum's capitalization. That would result in a
+total debt to capital ratio of nearly 50 pct, Moody's said.
+    The rating agency said it would study B.P.'s strategy to
+restore financial flexibility after the acquisition. Moody's
+said that may include divestiture of various petroleum and
+non-petroleum assets and operations of B.P. and Standard.
+    But Moody's noted that after the major asset writedown and
+divestiture progress achieved by Standard Oil in 1985, fewer
+non-petroleum assets are available for sale.
+    Under review are the A-1 senior debt of issues guaranteed
+by British Petroleum, including Eurobonds of BP Capital B.V.,
+debentures of BP North America Finance Corp, Eurodebt of
+British Petroleum B.V., BPCA Finance Ltd and BP Canadian
+Holdings Ltd, debentures and medium-term notes of BP North
+America Inc. Also, the A-1 debt of Standard Oil and Sohio
+Pipeline, and debentures of Sohio/BP Trans-Alaska Pipeline
+guaranteed severally and not jointly by B.P. and Standard.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15672" NEWID="10151">
+<DATE>26-MAR-1987 16:14:55.28</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2526&#31;reute
+r f BC-CALIFORNIA-MICRO-&lt;CAM   03-26 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA MICRO &lt;CAMD>, GRUMMAN &lt;GQ> SET PACT</TITLE>
+<DATELINE>    MILPITAS, Calif., March 26 - </DATELINE><BODY>California Micro Devices Corp
+said it has signed an agreement with Grumman Corp's Tachonics
+Corp unit to develop and product gallium arsenide
+seminconductor chips.
+    Under the pact, California Micro Devices will design the
+chips and Tachonics will manufacture them.
+    Initial products to be developed will be gate arrays with
+500 to 2,500 gate complexity and radiation hardening
+capabilities, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15673" NEWID="10152">
+<DATE>26-MAR-1987 16:15:42.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2529&#31;reute
+r f BC-INTERNATIONAL-MOBILE   03-26 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL MOBILE &lt;IMMC> FILES FOR OFFERING</TITLE>
+<DATELINE>    PHILADELPHIA, March 26 - </DATELINE><BODY>International Mobile Machines Corp
+said it filed for a public offering of one mln shares of
+convertible preferred stock.
+    The company said it filed a registration statement with the
+Securities and Exchange Commission, and Drexel Burnham Inc and
+Butcher and Singer Inc will co-manage the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15674" NEWID="10153">
+<DATE>26-MAR-1987 16:16:27.04</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2532&#31;reute
+f f BC-******N.Y.-BUSINESS-L   03-26 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>N.Y. BUSINESS LOANS FALL 222 MLN DLRS IN MARCH 18 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15675" NEWID="10154">
+<DATE>26-MAR-1987 16:16:32.08</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2533&#31;reute
+f f BC-******U.S.-COMMERCIAL   03-26 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. COMMERCIAL PAPER RISES 35 MLN DLRS IN MARCH 18 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15676" NEWID="10155">
+<DATE>26-MAR-1987 16:17:01.57</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2534&#31;reute
+b f BC-new-york-business-loa   03-26 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK BUSINESS LOANS FALL 222 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Commercial and industrial loans on the
+books of the 10 major New York banks, excluding acceptances,
+fell 222 mln dlrs to 64.05 billion in the week ended March 18,
+the Federal Reserve Bank of New York said.
+    Including acceptances, loans fell 390 mln dlrs to 64.74
+billion.
+    Commercial paper outstanding nationally rose 35 mln dlrs to
+339.04 billion.
+    National business loan data are scheduled to be released on
+Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15677" NEWID="10156">
+<DATE>26-MAR-1987 16:17:12.67</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2535&#31;reute
+b f BC-N.Y.-BANK-DISCOUNT-BO   03-26 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. BANK DISCOUNT BORROWINGS NIL IN WEEK</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>The eight major New York City banks
+did not borrow from the Federal Reserve in the week ended
+Wednesday March 25, a Fed spokesman said.
+    It was the second half of a two-week bank statement period
+that ended on Wednesday. The banks did not borrow in the first
+week of the period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15678" NEWID="10157">
+<DATE>26-MAR-1987 16:18:08.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2542&#31;reute
+r f BC-UAL-&lt;UAL>-UNIT'S-EIGH   03-26 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL &lt;UAL> UNIT'S EIGHT-YEAR NOTES YIELD 8.06 PCT</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Hertz Corp, a unit of UAL Inc, is
+raising 100 mln dlrs through an offering of notes due 1995
+yielding 8.06 pct, said lead manager Shearson Lehman Brothers
+Inc.
+    The notes have an eight pct coupon and were priced at 99.65
+to yield 102 basis points more than comparable Treasury
+securities.
+    Non-callable to maturity, the issue is rated A-3 by Moody's
+Investors and A-minus by Standard and Poor's. Merrill Lynch and
+Morgan Stanley co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15679" NEWID="10158">
+<DATE>26-MAR-1987 16:18:18.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2543&#31;reute
+r f BC-AMERICANTURE-&lt;AAIX>-B   03-26 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICANTURE &lt;AAIX> BUYS AMERICAN ADVENTURE</TITLE>
+<DATELINE>    LOS ANGELES, March 26 - </DATELINE><BODY>Americanture Inc said it has
+purchased American Adventure Inc &lt;GOAQC> for cash, the
+assumption of liabilities and the issuance of American
+Adventure Inc common and preferred stock to creditors,
+shareholders and members.
+    The acquisition was pursuant of a Chapter 11 reorganization
+plan of American Adventure.
+    The company said the transaction involved assets valued at
+more than 83 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15680" NEWID="10159">
+<DATE>26-MAR-1987 16:19:07.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2547&#31;reute
+d f BC-AMERITECH-&lt;AIT>-UNIT   03-26 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERITECH &lt;AIT> UNIT NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    TROY, Mich., March 26 - </DATELINE><BODY>Ameritech Publishing, a unit of
+Ameritech, the midwest-based telephone services company, said
+it has named Barry Allen president effective April.
+    Ameritech Publishing said Allen will succeed Leo Egan, who
+will become chairman and chief executive officer until he
+retires on June 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15681" NEWID="10160">
+<DATE>26-MAR-1987 16:19:25.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2550&#31;reute
+d f BC-BANCTEC-&lt;BTEC>-GETS-L   03-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCTEC &lt;BTEC> GETS LARGEST ORDER EVER</TITLE>
+<DATELINE>    DALLAS, March 26 - </DATELINE><BODY>BancTec Inc said it received an order
+for image processing equipment valued at six mln dlrs, its
+largest order ever.
+    BancTec said the order, expected to be shipped during the
+current fiscal year, was placed by a major international
+company, which it did not name.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15682" NEWID="10161">
+<DATE>26-MAR-1987 16:19:38.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2551&#31;reute
+d f BC-NORSTAR-&lt;NOR>-TO-COMB   03-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORSTAR &lt;NOR> TO COMBINE NEW YORK AREA BANKS</TITLE>
+<DATELINE>    ALBANY, N.Y., March 26 - </DATELINE><BODY>Norstar Bancorp said it is
+combining its banks on Long Island and New York City into one
+institution to be called Norstar Bank.
+    The combined bank, with headquarters on Long Island, will
+have assets of two billion dlrs and 80 branches, Norstar said.
+    It added that the combination will provide important
+administrative and operating efficiencies to its customers.
+    Norstar said the combination will also make it easier to
+manage its bank network as it prepares to merge with Fleet
+Financial Group &lt;FLT> through a 1.3 billion dlr stock
+transaction.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15683" NEWID="10162">
+<DATE>26-MAR-1987 16:19:51.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2553&#31;reute
+h f BC-CAMPBELL-SOUP-CO-&lt;CPB   03-26 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMPBELL SOUP CO &lt;CPB> SETS QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    CAMDEN, N.J., March 26 -
+    </DATELINE><BODY>Qtly div 36 cts vs 36 cts
+    Pay April 30
+    Record April 7
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15684" NEWID="10163">
+<DATE>26-MAR-1987 16:19:56.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2554&#31;reute
+s f BC-EQUITABLE-RESOURCES-I   03-26 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITABLE RESOURCES INC &lt;EQT> IN REGULAR PAYOUT</TITLE>
+<DATELINE>    PITTSBURGH, March 26 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Pay June one
+    Record May eight
+    NOTE: Current dividend is equivalent to previous quarterly
+dividend of 45 cts per share, after giving effect to 3-for-2
+stock split effective March 3, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15685" NEWID="10164">
+<DATE>26-MAR-1987 16:20:21.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2557&#31;reute
+w f BC-CHRYSLER-&lt;C>-TO-RUN-S   03-26 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> TO RUN SIX OF SEVEN U.S. PLANTS</TITLE>
+<DATELINE>    DETROIT, March 26 - </DATELINE><BODY>Chrysler Corp said it scheduled six of
+its seven U.S. car and truck assembly plants to operate the
+week of March 30, with four on overtime.
+     It also said one plant will operate Saturday, March 28.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15686" NEWID="10165">
+<DATE>26-MAR-1987 16:20:48.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2559&#31;reute
+h f BC-ELECTROSOUND-GROUP-IN   03-26 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROSOUND GROUP INC &lt;ESG>3RD QTR FEB 28 LOSS</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., March 26 - 
+    </DATELINE><BODY>Oper shr loss one cts vs loss five cts
+    Oper net loss 15,000 vs loss 79,000
+    Revs 6,244,000 vs 8,148,000
+    Avg shrs 1,912,000 vs 1,537,000
+    Nine mths
+    Oper shr profit 19 cts vs profit 22 cts
+    Oper net profit 347,000 vs profit 341,000
+    Revs 22.6 mln vs 28.5 mln
+    Avg shrs 1,840,000 vs 1,537,000
+   
+    Note: Oper excludes tax losses of 13,000 vs 85,000 for qtr
+and tax credits of 258,000 vs 235,000 for nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15687" NEWID="10166">
+<DATE>26-MAR-1987 16:21:58.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2564&#31;reute
+r f BC-GE-&lt;GE>-GETS-133.0-ML   03-26 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> GETS 133.0 MLN DLR MILITARY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>RCA Inc of Moorestown, N.J., a
+division of General Electric, has been awarded a 133.0 mln dlr
+contract for work on the Aegis weapons system, the Navy said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15688" NEWID="10167">
+<DATE>26-MAR-1987 16:22:26.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2565&#31;reute
+r f BC-THL-HOLDINGS-PLANS-TO   03-26 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THL HOLDINGS PLANS TO REDEEM UNIT'S PREFERRED</TITLE>
+<DATELINE>    CANTON, Mass., March 26 - </DATELINE><BODY>&lt;THL Holdings Inc> said a purpose
+of its planned common stock offering would be to redeem its
+Series B preferred stock of its subsidiary, SCOA Industries Inc
+&lt;SCOA>.
+    THL said if the public offering is successful, it plans to
+redeem the preferred stock at 25 dlrs per share, plus accrued
+dividends.
+    The company said it planned to use the proceeds from the
+public offering to finance the redemption of the preferred
+stock.
+    It said the company plans to seek approval of the holders
+of the Series B preferred stock to redeem the Series B shares
+without at the same time redeeming another series of SCOA's
+preferred stock.
+    The company said if the approval is not obtained, SCOA has
+the right to redeem both series simultaneously.
+    THL said it announced on February 25, 1987, its intention
+to make a public offering of common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15689" NEWID="10168">
+<DATE>26-MAR-1987 16:23:06.43</DATE>
+<TOPICS><D>acq</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2569&#31;reute
+u f BC-BP-&lt;BP>-MAY-HAVE-TO-R   03-26 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP &lt;BP> MAY HAVE TO RAISE BID -  ANALYSTS</TITLE>
+<AUTHOR>    By STEVEN RADWELL, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>British Petroleum Co PLC may have to
+raise its planned 70 dlrs a share tender offer for the publicly
+traded shares of Standard Oil Co &lt;SRD>, analysts said.
+    "There's a lot of speculation here that someway or other
+they would be forced to come up with another bid," said Rosario
+Ilaqua of L.F. Rothschild.
+    And despite BP managing director David Simon's denial today
+that BP would raise the offer, the analysts said that remained
+a distinct possibility.
+    Analysts said they base their thinking on Royal Dutch/Shell
+Group's &lt;RD> &lt;SC> bid to buy the outstanding stake of Shell Oil
+Co in 1984 and 1985. Royal Dutch/Shell eventually raised its
+initial 55 dlrs a share offer to 60 dlrs a share, after
+lawsuits by minority shareholders.
+    "I think they're going to have to go a little higher
+eventually, just as Royal Dutch/Shell had to go a little higher
+for the Shell Oil minority shares," Bruce Lazier of Prescott
+Ball and Turben said. He estimated a price of 75 dlrs a share.
+    Royal Dutch/Shell offered 55 dlrs a share for the 30.5 pct
+of Shell Oil it did not already own in January of 1984. After
+objections from minority shareholders about the price, Royal
+Dutch/Shell raised its bid and began a 58 dlrs a share tender
+offer in April 1984.
+    But shareholders sued and a court blocked completion of the
+offer. After months of wrangling over the worth of Shell Oil,
+Royal Dutch/Shell agreed to another two dlrs increase.
+    It ended up paying 5.67 billion dlrs for the outstanding
+Shell Oil stake, a significant premium to its original bid of
+about 5.2 billion dlrs.
+    The analysts made their comments before Simon's remarks at
+a BP press conference in New York this afternoon.
+    Sanford Margoshes of Shearson Lehman Brothers Inc told
+clients this morning that a sweetened offer was possible. The
+analyst said the bid could be raised by two dlrs a share.
+    Analysts do not expect regulatory hurdles because of the
+Royal Dutch/Shell group precedent. But there may be shareholder
+lawsuits for the same reason, they said.
+    Goldman Sachs and Co, BP's investment advisor, advised the
+Shell Oil board in 1984 and 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15690" NEWID="10169">
+<DATE>26-MAR-1987 16:24:13.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2574&#31;reute
+u f BC-GENERAL-MOTORS-&lt;GM>-I   03-26 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MOTORS &lt;GM> IDLES 1,000</TITLE>
+<DATELINE>    DETROIT, March 26 - </DATELINE><BODY>General Motors Corp said it will put
+1,000 workers at one of its car assembly plants on temporary
+layoff.
+    The giant automaker also said 2,000 workers who had been
+idled will return to work.
+    General Motors, in announcing its weekly plant schedule,
+said the number of workers on indefinite layoff will remain
+unchanged at 37,000.
+    The 1,000 workers will be laid off temporarly at the
+Pontiac, Mich., Fiero assembly plant, which will be down from
+March 30 through April 13 for inventory adjustment.
+    Some 2,000 General Motors workers will return March 30 at
+the Chevrolet-Pontiac-GM of Canada plant at Arlington, Tex.,
+which was shut March 16 for inventory adjustment.
+    Some 5,600 workers remain on temporary layoff at two
+plants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15691" NEWID="10170">
+<DATE>26-MAR-1987 16:25:02.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2576&#31;reute
+d f BC-OCCIDENTAL-&lt;OXY>-UNIT   03-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> UNIT NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    LOMBARD, Ill., March 26 - </DATELINE><BODY>MidCon Corp, a unit of Occidental
+Petroleum Corp, said that effective May 1,
+Dan Grubb will be the unit's president and chief operating
+officer, taking over the title of president from O.C. Davis,
+who will remain chairman and chief executive officer.
+    MidCon said Robert Hodge, Midcon senior vice president for
+planning and administration, will take over for Grubb as
+president of Midcon Services when he assumes his new duties.
+    Also, Midcon said that Philip Gasparac, Midcon senior vice
+president and chief financial officer, will take on the
+additional responsibilities of planning, rates and joint
+ventures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15692" NEWID="10171">
+<DATE>26-MAR-1987 16:25:13.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2577&#31;reute
+u f BC-VIACOM-&lt;VIA>-SETS-REC   03-26 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIACOM &lt;VIA> SETS RECORD DATE FOR MERGER VOTE</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Viacom International Inc said it set
+April 6 as the record date for shareholders entitled to vote at
+a special meeting to be held to vote on the proposed merger of
+Arsenal Acquiring Corp, a wholly-owned subsidiary of &lt;Arsenal
+Holdings Inc> into Viacom.
+    It said the date of the special meeting has not yet been
+determined.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15693" NEWID="10172">
+<DATE>26-MAR-1987 16:26:18.20</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2580&#31;reute
+b f BC-ussr-shipments   03-26 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO GRAIN SHIPMENTS TO THE USSR -- USDA</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>There were no shipments of U.S.
+grain or soybeans to the Soviet Union in the week ended March
+19, according to the U.S. Agriculture Department's latest
+Export Sales report.
+     The USSR has purchased 2.40 mln tonnes of U.S. corn for
+delivery in the fourth year of the U.S.-USSR grain agreement.
+     Total shipments in the third year of the U.S.-USSR grains
+agreement, which ended September 30, amounted to 152,600 tonnes
+of wheat, 6,808,100 tonnes of corn and 1,518,700 tonnes of
+soybeans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15694" NEWID="10173">
+<DATE>26-MAR-1987 16:26:47.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2582&#31;reute
+r f BC-COURIER-&lt;CRRC>-SEES-S   03-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURIER &lt;CRRC> SEES SECOND QUARTER LOSS</TITLE>
+<DATELINE>    LOWELL, Mass., March 26 - </DATELINE><BODY>Courier Corp said it expects to
+report a small loss for the second fiscal quarter against a
+profit of 828,000 dlrs a year ago.
+    The company attributed the loss to competitive pressures
+which have cut gross margins. In addition, it said it is
+incurring significant expenses from management programs aimed
+at reducing costs and boosting productivity.
+    It said its Murray Printing Co unit has undertaken a
+program of extended work hours, and salary and job cuts which
+will save more than 1.5 mln dlrs annually.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15695" NEWID="10174">
+<DATE>26-MAR-1987 16:27:24.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2586&#31;reute
+r f BC-CONTINUING-CARE-ASSOC   03-26 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINUING CARE ASSOCIATES &lt;CONC> 4TH QTR NET</TITLE>
+<DATELINE>    CANTON, Mass., March 26 -
+    </DATELINE><BODY>Shr four cts vs two cts
+    Net 59,700 vs 27,300
+    Revs 3,123,900 vs 1,911,900
+    12 mths
+    Shr six cts vs nine cts
+    Net 94,100 vs 81,600
+    Revs 9,802,000 vs 5,922,000
+    NOTE: qtr 1986 and qtr prior includes tax gain 9,000 and
+1,900, respectively; and year 1986 and year prior includes tax
+gain 18,000 and 21,000, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15696" NEWID="10175">
+<DATE>26-MAR-1987 16:28:24.55</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>oilseed</D><D>soybean</D><D>meal-feed</D><D>veg-oil</D><D>soy-oil</D><D>sorghum</D><D>barley</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>taiwan</D><D>china</D><D>japan</D><D>netherlands</D><D>mexico</D><D>portugal</D><D>canada</D><D>dominican-republic</D><D>panama</D><D>turkey</D><D>thailand</D><D>uk</D><D>south-korea</D><D>venezuela</D><D>israel</D><D>cyprus</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2588&#31;reute
+u f BC-USDA-COMMENTS-ON-EXPO   03-26 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA COMMENTS ON EXPORT SALES REPORT</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Corn sales of 2,806,300 tonnes in
+the week ended March 19 were the highest level since
+mid-November, 1979, the U.S. Agriculture Department said.
+    The department said the USSR dominated the week's activity
+with purchases of 1.4 mln tonnes (which were earlier reported
+under the daily reporting system). Other large increaes were
+posted for Japan and unknown destinations, it said.
+    Taiwan purchased 296,300 tonnes for the 1986/87 season and
+170,000 tonnes for the 1987/88 season, it said.
+    Wheat sales of 317,200 tonnes for the current season and
+125,000 tonnes for the 1987/88 season were down about one-third
+from the preceding week and the four-week average.
+    Wheat sales to China of 60,000 tonnes were switched from
+1986/87 to the 1987/88 season, it noted.
+    Soybean sales of 483,100 tonnes were 11 pct above the prior
+week and two-thirds above the four-week average.
+    Japan, the Netherlands, Mexico and Portugal were the main
+buyers, the department said.
+    Soybean cake and meal sales of 289,400 tonnes were
+two-thirds above the previous week and the largest of the
+marketing year, with Venezuela the dominant purchaser.
+    Sales activity in soybean oil resulted in decreases of
+4,400 tonnes, as reductions for unknown destinations more than
+offset increases for Canada, the Dominican Republic and Panama,
+the department said.
+    Cotton sales of 57,900 running bales -- 43,800 bales for
+the current year and 14,200 bales for the 1987/88 season --
+were off 25 pct from the previous week and 50 pct from the
+four-week average.
+    Turkey, Thailand, South Korea and Canada were the major
+buyers for the current season, while Thailand, Britain and
+Japan were the major purchasers from the upcoming season, the
+department said.
+     Sorghum sales of 178,800 tonnes were two-thirds above the
+prior week and 75 pct over the four-week average.
+    Venezuela was the leading buyer it said.
+    Sales of 41,800 tonnes of barley were 10 times the previous
+week and 10 pct greater than  the four-week average. Israel,
+Cyprus and Saudi Arabia were the main buyers, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15697" NEWID="10176">
+<DATE>26-MAR-1987 16:31:27.08</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2599&#31;reute
+f f BC-******U.S.-M-1-MONEY   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. M-1 MONEY SUPPLY RISES 1.2 BILLION  DLRS IN MARCH 16 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15698" NEWID="10177">
+<DATE>26-MAR-1987 16:31:45.96</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2600&#31;reute
+f f BC-******U.S.-BANK-DISCO   03-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BANK DISCOUNT BORROWINGS AVERAGE 302 MLN DLRS A DAY IN MARCH 25 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15699" NEWID="10178">
+<DATE>26-MAR-1987 16:31:59.82</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2601&#31;reute
+f f BC-******U.S.-BANK-NET-F   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BANK NET FREE RESERVES 603 MLN DLRS IN TWO WEEKS TO MARCH 25, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15700" NEWID="10179">
+<DATE>26-MAR-1987 16:33:19.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>costa-rica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2609&#31;reute
+r f AM-centam-banker   03-26 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COSTA RICAN CENTRAL BANK CHIEF RESIGNS</TITLE>
+<DATELINE>    SAN JOSE, March 26 - </DATELINE><BODY>Eduardo Lizano, President of Costa
+Rica's central bank and the country's chief debt negotiator,
+has tendered his resignation and will be leaving the government
+next month, a central bank spokesman said.
+    Spokesman Manuel Melendez said Lizano announced his
+decision to leave the bank late yesterday during a meeting of
+its board of directors.
+    "Lizano has always been an educator and he intends to
+dedicate himself to teaching at the university of Costa Rica,"
+Melendez said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15701" NEWID="10180">
+<DATE>26-MAR-1987 16:34:34.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2614&#31;reute
+u f BC-VALLEY-FEDERAL-&lt;VFED>   03-26 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALLEY FEDERAL &lt;VFED> SPLITS STOCK TWO-FOR-ONE</TITLE>
+<DATELINE>    VAN NUYS, Calif., March 26 - </DATELINE><BODY>Valley Federal Savings and
+Loan Association said its board declared a two-for-one stock
+split for its common stock.
+    The split will be effected in the form of a 100 pct stock
+dividend, to be issued April 30 to stockholders of record March
+31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15702" NEWID="10181">
+<DATE>26-MAR-1987 16:34:54.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2616&#31;reute
+r f BC-ATCOR-&lt;ATCO>-CUTS-DIV   03-26 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATCOR &lt;ATCO> CUTS DIVIDEND</TITLE>
+<DATELINE>    HARVEY, Ill., March 26 - </DATELINE><BODY>Atcor Inc said it cut its
+quarterly dividend to three cts per share from 12 cts because
+of depressed earnings.
+    The dividend is payable April 15 to holders of record April
+6.
+    It said it will continue to review the dividend on a
+quarterly basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15703" NEWID="10182">
+<DATE>26-MAR-1987 16:36:28.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2618&#31;reute
+r f BC-BOSTON-EDISON-&lt;BSE>-E   03-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOSTON EDISON &lt;BSE> EXECUTIVES RETIRING</TITLE>
+<DATELINE>    BOSTON, March 26 - </DATELINE><BODY>Boston Edison Co chairman Stephen
+Sweeney said two of the company's senior officers will take
+early retirements, and the company is looking for a new
+president and chief financial officer.
+    Sweeney, who also holds the titles of president and chief
+executive officer, said James Lydon, executive vice president
+and chief operating officer, Joseph Tyrrell, executive vice
+president and chief financial officer, have asked to take early
+retirements following a transition period.
+    Lydon and Tyrrell have each been with the company more than
+35 years, Sweeney said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15704" NEWID="10183">
+<DATE>26-MAR-1987 16:37:21.51</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2624&#31;reute
+b f BC-u.s.-money-supply-m-1   03-26 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. M-1 MONEY SUPPLY RISES 1.2 BILLION DLR</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>U.S. M-1 money supply rose 1.2 billion
+dlrs to a seasonally adjusted 740.2 billion dlrs in the March
+16 week, the Federal Reserve said.
+    The previous week's M-1 level was revised to 739.0 billion
+dlrs from 738.7 billion, while the four-week moving average of
+M-1 rose to 739.1 billion dlrs from 738.3 billion.
+    Economists polled by Reuters said that M-1 would rise
+anywhere from 700 mln dlrs to three billion dlrs. The average
+forecast called for a 1.8 billion dlr increase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15705" NEWID="10184">
+<DATE>26-MAR-1987 16:37:59.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2629&#31;reute
+h f BC-CPI-&lt;CPIC>-TO-SELL-AT   03-26 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPI &lt;CPIC> TO SELL ATT &lt;T> COMPUTER PRODUCTS</TITLE>
+<DATELINE>    ST. LOUIS, March 26 - </DATELINE><BODY>CPI Corp said American Telephone and
+Telegraph has authorized its Business Telephone Systems
+division to represent its computer product line to the St.
+Louis and Chicago business markets.
+    CPI said the products included in the agreement are
+computers, printers, telephone modems and fax machines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15706" NEWID="10185">
+<DATE>26-MAR-1987 16:38:09.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2630&#31;reute
+h f BC-TERRANO-CORP-&lt;TRNO>-Y   03-26 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TERRANO CORP &lt;TRNO> YEAR DEC 31 OPER NET</TITLE>
+<DATELINE>    LINCOLN, NEB., March 26 -
+    </DATELINE><BODY>Oper shr profit 12 cts vs loss 1.15 dlrs
+    Oper net profit 300,286 vs loss 2,855,887
+    Revs 2,456,616 mln vs 2,979,206
+    Avg shrs 2,527,720 vs 2,482,197
+    NOTE: 1986 earnings exclude extraordinary gain from
+forgiveness of debt through reorganization under Chapter 11 of
+280,505 dlrs, or 11 cts a share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15707" NEWID="10186">
+<DATE>26-MAR-1987 16:38:43.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2633&#31;reute
+u f BC-ATCOR-INC-&lt;ATCO>-CUT   03-26 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATCOR INC &lt;ATCO> CUT DIVIDEND</TITLE>
+<DATELINE>    HARVEY, Ill., March 26 -
+    </DATELINE><BODY>Qtly div three cts vs 12 cts prior
+    Pay April 15
+    Record April 6
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15708" NEWID="10187">
+<DATE>26-MAR-1987 16:40:12.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f2634&#31;reute
+b f BC-CHRYSLER-&lt;C>-AND-UNIT   03-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> AND UNITS AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the ratings on 19 billion dlrs of debt of Chrysler
+Corp and related entities.
+    S and P cited the acquisition of AMC as strongly negative.
+It questioned the long-term srategic value, as well as a high
+price of about two billion dlrs.
+    Affirmed were the BBB senior debt of Chrysler and its unit
+Chrysler Financial, Chrysler Financial's A-2 domestic and
+Eurocommercial paper, Chrysler Capital Realty Inc's A-2
+commercial paper and Chrysler Financial's BBB-minus
+subordinated debt.
+    The BBB senior debt of two international units, Chrysler
+Credit Canada Ltd and Chrysler Overseas Capital Corp, was also
+affirmed.
+    Chrysler's debt issues were put on creditwatch on March
+nine after the automaker announced plans to acquire American
+Motors Corp &lt;AMO>. AMC's debt is still on creditwatch with
+positive implications pending the deal's outcome.
+    The AMC purchase shows a strongly aggressive move on
+Chrysler's part to increase market share at a time when
+industry competition is intensely competitive, S and P said.
+This is a change in the company's previous strategy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15709" NEWID="10188">
+<DATE>26-MAR-1987 16:41:52.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>guam</D><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2639&#31;reute
+r f BC-HAWAIIAN-AIRLINES-&lt;HA   03-26 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWAIIAN AIRLINES &lt;HA> TO EXPAND SERVICES</TITLE>
+<DATELINE>    HONOLULU, March 26 - </DATELINE><BODY>Hawaiian Airlines Inc said it will
+continue to expand services to Pacific Islands this year.
+    The company said it will increase its South Pacific
+services to daily service, from the current four flights per
+week, and beginning May 21 it will fly twice a week to the
+Western Pacific to Guam.
+    Hawaiian Airlines also said it has applied with the
+Department of Transportation for an emergency exemption to
+provide service to Tahiti, with connecting services to American
+Samoa, New Zealand and Cooke Islands.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15710" NEWID="10189">
+<DATE>26-MAR-1987 16:43:00.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f2641&#31;reute
+u f AM-Launch   03-26 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASA ROCKET FAILS AFTER TAKEOFF</TITLE>
+<DATELINE>    CAPE CANAVERAL, Fla., March 26 - </DATELINE><BODY>An Atlas Centaur rocket
+launching a military communications satellite went out of
+control a minute after launch and was destroyed, a NASA
+spokesman said.
+    The Atlas Centaur blasted off in rainy and overcast
+conditions. Within seconds controllers reported it was out of
+control and the order to blow it up was given.
+    NASA spokesperson Lisa Malone said the rocket may have been
+struck by lightening.
+    The failure is the first for NASA since May 1986, when a
+Delta rocket failed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15711" NEWID="10190">
+<DATE>26-MAR-1987 16:44:56.87</DATE>
+<TOPICS><D>acq</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2646&#31;reute
+r f BC-STANDARD-OIL-&lt;SRD>-SE   03-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD OIL &lt;SRD> SEES BOOST IN 1987 CASH FLOW</TITLE>
+<DATELINE>    CLEVELAND, March 26 - </DATELINE><BODY>Standard Oil Co expects the sale of
+assets and federal tax refunds resulting from last year's loss
+to add about one billion dlrs to its normal cash flows from
+operations in 1987, its annual report said.
+    Last year, the report noted, the cash flow from operations
+dropped to 1.8 billion dlrs from 3.5 billion dlrs in 1985 and
+3.2 billion dlrs in 1984 due principally to lower oil prices.
+    The report, prepared before British Petroleum Co Plc &lt;BP>
+disclosed plans to seek the rest of Standard's stock, put 1987
+capital spending at 1.6 billion dlrs, down from the 1.7 billion
+dlrs projected in January.
+    Standard's capital spending totaled 1.77 billion dlrs in
+1986.
+    The report showed a decline in proven oil reserves to 2.41
+billion barrels at the end of 1986 from 2.65 billion barrels a
+year earlier as discoveries and other additions dropped to 11.4
+mln barrels last year from 23.2 mln in 1985.
+    But it said gas reeserves rose to 7.31 trillion cubic feet
+from 7.22 trillion at the end of 1985 despite a 30.9 mln cubic
+feet downward revision in previous reserve estimates during
+1986. Discoveries and other additions totaled 200.5 billion
+cubic feet last year, up from 175.9 billion in 1985, it added.
+    Standard said both oil and gas production increased last
+year -- to 726,600 barrels per day from 719,700 barrels the
+previous day and to 154.4 mln cubic feet daily from 10.1 mln in
+1985.
+    But the average sales price of both dropped -- to 13.83
+dlrs per barrel from 26.43 dlrs for oil in 1985 and to 1.49
+dlrs per thousand cubic feet from 2.18 dlrs a year earlier.
+    Standard said its refined product sales also rose last
+year, to 644,500 barrels per day from 604,200 barrels daily in
+1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15712" NEWID="10191">
+<DATE>26-MAR-1987 16:45:23.05</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2648&#31;reute
+r f AM-DEALER   03-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER HERSTATT DEALER CAN BE SUED, COURT RULES</TITLE>
+<DATELINE>    KASSEL, West Germany, March 26- </DATELINE><BODY>The former chief currency
+dealer of Herstatt Bank, which collapsed in 1974 on foreign
+exchange speculation in West Germany's biggest banking crash,
+can stand trial for damages, a court ruled.
+    The court overturned a claim by Danny Dattel that a case
+for damages should not be allowed after such a long interval.
+    Herstatt creditors are seeking 12.5 mln marks from Dattel,
+whom they accuse of causing losses at the bank of over 500 mln
+marks by manipulating forward foreign exchange contracts.
+    The crash of the private Herstatt bank with losses of over
+one billion marks stunned West Germany's business community,
+and led to a tightening of banking regulations.
+    The losses were even greater than the 480 mln marks
+announced recently by Volkswagen as a result of fraud in
+currency transactions.
+    Ivan Herstatt, managing director of the bank when it
+collapsed, was sentenced to four and a half years in prison in
+1984 but appealed. Six other people associated with the bank
+were jailed in 1983.
+    But Dattel was freed from prosecution after he produced
+medical evidence of paranoia caused by Nazi persecution during
+his childhood, which might have led him to take his own life.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15713" NEWID="10192">
+<DATE>26-MAR-1987 16:50:35.07</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D><D>ecuador</D><D>mexico</D><D>colombia</D><D>trinidad-tobago</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2659&#31;reute
+u f BC-hernandez-says-next-f   03-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEXT FEW MONTHS CRUCIAL FOR OIL - HERNANDEZ</TITLE>
+<DATELINE>     CARACAS, March 26 - </DATELINE><BODY>Energy and Mines Minister Arturo
+Hernandez Grisanti today told a meeting of regional oil
+exporters the next few months will be critical to efforts to
+achieve price recovery and stabilize the market.
+     Hernandez said while OPEC and non-OPEC nations have
+already made some strides in their efforts to strengthen the
+market, the danger of a reversal is always present.
+    "March and the next two or three months will be a really
+critical period," Hernandez said. He said, "We will be able to
+define a movement, either towards market stability and price
+recovery or, depending on the market, a reversal."
+    Earlier this week, Hernandez said Venezuela's oil price has
+averaged just above 16 dlrs a barrel for the year to date. If
+OPEC achieves its stated goal of an 18 dlrs a barrel average
+price, he said, Venezuela's should move up to 16.50 dlrs.
+    Hernandez spoke today at the opening of the fifth
+ministerial meeting of the informal group of Latin American and
+Caribbean oil exporters, formed in 1983.
+    Ministers from member states Ecuador, Mexico,
+Trinidad-Tobago and Venezuela are attending the two day
+conference, while Colombia is present for the first time as an
+observer.
+    Hernandez defined the meeting as an informal exchange of
+ideas about the oil market. However, the members will also
+discuss ways to combat proposals for a tax on imported oil
+currently before the U.S. Congress.
+    Following the opening session, the group of ministers met
+with President Jaime Lusinchi at Miraflores, the presidential
+palace. The delegations to the conference are headed by
+Hernandez of Venezuela, Energy Minister Javier Espinosa of
+Ecuador, Energy Minister Kelvin Ramnath of Trinidad-Tobago,
+Jose Luis Alcudiai, assistant energy secretary of Mexico and
+Energy Minister Guilermno Perry Rubio of Colombia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15714" NEWID="10193">
+<DATE>26-MAR-1987 16:51:44.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2661&#31;reute
+r f BC-IBM-&lt;IBM>-CLOSER-TO-L   03-26 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> CLOSER TO LASER CHIP TESTING</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>International Business Machines Corp
+said scientists at its Zurich research laboratory have taken a
+key step toward developing a method of testing computer chips
+with a laser.
+    The technique is important, IBM said, because it could lead
+to the development of tools that can determine the quality of
+microscopic-sized computer chips without damaging them.
+    IBM said chip makers will need such advanced testing
+methods to aid them in developing the next generation of
+semiconductors.
+    These chips will be smaller than today's chips but will be
+able to store vastly greater amounts of information.
+    IBM said its technique uses a laser light for "contactless"
+measuring of electrical signals on metal lines similar to the
+kind found in computer chip circuitry.
+    It said that using commercially available lasers, the
+method should permit measurements of circuits with a width of
+one micrometer or less.
+    A micrometer is about 80 times smaller than the thickness
+of a sheet of paper.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15715" NEWID="10194">
+<DATE>26-MAR-1987 16:52:53.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2667&#31;reute
+r f BC-TROUND-INTERNATIONAL   03-26 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TROUND INTERNATIONAL &lt;TROU> IN JOINT VENTURE</TITLE>
+<DATELINE>    PHILLIPSBURG, N.J., March 26 - </DATELINE><BODY>Tround International Inc
+said it entered into a joint agreement with &lt;Lucas Aerospace
+Ltd>.
+    The company said the agreement calls for the selection of
+certain Tround products for use both with the Lucas 50 caliber
+gun turret on helicopters and other vehicles and to establish a
+sales effort for these products.
+    The two companies are negotiating with the U.S. Navy to
+flight-qualify the joint system, which will be adapted to a
+helicopter provided by the Navy.
+    Tround said the system has the potential for revenues in
+excess of 300 mln dlrs over a six-to-eight-year production time
+span, assuming the project is a success.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15716" NEWID="10195">
+<DATE>26-MAR-1987 16:53:40.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2669&#31;reute
+d f BC-FARM-CREDIT-AID-SEEN   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM CREDIT AID SEEN BROADENED TO OTHER LENDERS</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Farm-state senators indicated they
+may broaden a Farm Credit System rescue package to include aid
+for borrowers from private lenders such as commercial banks, as
+well as the farm credit system.
+    Sen. David Boren, D-Okla., chairman of the Senate
+Agriculture subcommittee responsible for farm credit, said
+legislation to rescue the financially-troubled system should
+provide help to borrowers from all lenders to agriculture.
+    "We must provide some form of interest rate buydown,
+principal reduction relief for all eligible farmers and
+ranchers regardless of their lending institution," Boren said.
+    Boren's statement received bipartisan support from Sen.
+James McClure, R-Idaho, who agreed that the aid package should
+cover all lenders to agriculture.
+    The comments by Senators of both parties, plus endorsements
+for the across-the-board approach from the nation's largest
+farm organization, the American Farm Bureau Federation, and
+from the system itself, appeared to significantly broaden the
+focus of the rescue legislation for the farm credit system.
+Until now, agriculture officials had focused exclusively on how
+to resurrect the failing system.
+    Boren said borrowers from private lenders such as
+commercial banks and life insurance companies must be included
+in the aid package because "it would not be fair to address
+only the problems of Farm Credit System borrowers."
+    However, Boren and other proponents of an across-the-board
+interest rate or principal buydown did not say how much the
+broad approach would cost.
+    But Neil Harl, professor of economics at Iowa State
+University told the hearing the cost could be in the range of
+3.5 billion dlrs annually.
+    By trying to draw into the farm credit rescue package all
+farm borrowers, Boren and other Senators appeared to be
+reacting to pressure from private lenders and their borrowers,
+who fear they will be put at a competitive disadvantage by the
+government rescue of the farm credit system and its borrowers.
+    The farm credit system is the nation's largest lender to
+agriculture with 39 pct of all farm real estate loans, but
+private lenders account for nearly a quarter of loans on
+farmland and 34 pct of farm operating loans, official figures
+show.
+    The American Bankers Association, in testimony to the
+hearing, warned the farm credit rescue should not be structured
+to favor the system over other lenders.
+    As one way to meet the concern of private lenders, several
+Senators, the farm credit system, and farm organizations
+endorsed creation of a secondary market on farm real estate
+loans, called "aggie mae", which is sought by private lenders.
+    "We are also exploring the possibility of including in the
+farm credit bill, the establishment of a secondary market for
+agricultural loans that would be available to all lenders,"
+Sen. Boren said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15717" NEWID="10196">
+<DATE>26-MAR-1987 16:53:46.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2670&#31;reute
+r f BC-HOWARD-B.-WOLF-INC-&lt;H   03-26 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOWARD B. WOLF INC &lt;HBW> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    DALLAS, March 26 -
+    </DATELINE><BODY>Shr two cts vs three cts
+    Net 21,080 vs 35,393
+    Revs 2,026,017 vs 2,476,068
+    Nine mths
+    Shr five cts vs six cts
+    Net 48,567 vs 59,527
+    Revs 6,231,242 vs 6,519,473
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15718" NEWID="10197">
+<DATE>26-MAR-1987 16:54:48.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2674&#31;reute
+r f BC-BURR-BROWN-&lt;BBRC>-SEE   03-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURR-BROWN &lt;BBRC> SEES LOWER 1ST QTR EARNINGS</TITLE>
+<DATELINE>    TUCSON, Ariz., March 26 - </DATELINE><BODY>Burr-Brown Corp said its first
+quarter 1987 results will show profits significantly below the
+1,058,000 dlrs, or 11 cts per share, earned in the first
+quarter last year.
+    The company said the profit decline will be the result of
+an increase in reserves for inventory valuation. The increase
+will be to cover potential write-downs of certain inventories
+or products used in compact-disc stereo systems.
+    Burr-Brown said the possible write-down is being
+precipitated by a shift in market demand toward higher
+performance products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15719" NEWID="10198">
+<DATE>26-MAR-1987 16:55:08.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2676&#31;reute
+r f BC-ACME-CLEVELAND-&lt;AMT>   03-26 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACME-CLEVELAND &lt;AMT> CEO TO STEP DOWN</TITLE>
+<DATELINE>    CLEVELAND, March 26 - </DATELINE><BODY>B. Charles Ames, chairman of
+Acme-Cleveland Corp, said he will step down as chief executive
+officer of the company.
+    He will be replaced by David Swift, who was elected to
+serve as president and chief executive officer, effective April
+1, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15720" NEWID="10199">
+<DATE>26-MAR-1987 16:58:16.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>costa-rica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2684&#31;reute
+d f AM-centam-banker   03-26 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COSTA RICAN CENTRAL BANK CHIEF RESIGNS</TITLE>
+<DATELINE>    SAN JOSE, March 26 - </DATELINE><BODY>Eduardo Lizano, president of Costa
+Rica's central bank and the country's chief debt negotiator,
+has tendered his resignation and will be leaving the government
+next month, a central bank spokesman said.
+    The spokesman said Lizano, 56, announced his decision to
+leave the bank late yesterday during a meeting of its board of
+directors. "He intends to dedicate himself to teaching at the
+university of costa rica," he said.
+    Lizano could not be reached immediately for comment on his
+decision to leave the central bank.
+    Well-placed sources said his departure follows months of
+bitter infighting over government economic policy and the
+handling of this nation's foreign debt, which is among the
+highest per capita in the world.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15721" NEWID="10200">
+<DATE>26-MAR-1987 17:00:34.81</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2691&#31;reute
+u f BC-BRAZIL-OIL-OUTPUT-FEL   03-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL OIL OUTPUT FELL IN FEBRUARY, USAGE UP</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 26 - </DATELINE><BODY>Brazilian crude oil and
+liquefied natural gas production fell to an average 583,747
+barrels per day in February from 596,740 in the same 1986
+month, the state oil company Petrobras said.
+    The drop was due to operating problems in the Campos Basin,
+the country's main producing area, where output was down to
+346,011 bpd from 357,420, a Petrobras statement said.
+    Consumption of oil derivatives totalled 1.14 mln bpd in
+February, 16.7 pct up on February last year but down from the
+record 1.22 mln bpd used in October last year. Use of alcohol
+fuel in February was 208,600 bpd, 42 pct above February, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15722" NEWID="10201">
+<DATE>26-MAR-1987 17:00:44.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2692&#31;reute
+f f BC-******MEDIA-GENERAL-I   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MEDIA GENERAL INC UPS QTLY DIV TO 68 CTS/SHR FROM 64 CTS, SETS STOCK SPLIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15723" NEWID="10202">
+<DATE>26-MAR-1987 17:01:22.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2693&#31;reute
+r f BC-HAWKEYE-ENTERTAINMENT   03-26 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKEYE ENTERTAINMENT &lt;SBIZ> COMPLETES OFFERING</TITLE>
+<DATELINE>    LOS ANGELES, March 26 - </DATELINE><BODY>Hawkeye Entertainment Inc said it
+completed its initial public offering at the maximum
+subscription level of 14 mln shares at 25 cts per share, for
+proceeds of 3.5 mln dlrs.
+    The company said the proceeds will be used to create,
+acquire, develop, produce and package entertainment properties,
+primarily in film and television and secondarily in music.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15724" NEWID="10203">
+<DATE>26-MAR-1987 17:01:35.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2694&#31;reute
+r f BC-BOMED-MIDEICAL-&lt;BOMD>   03-26 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOMED MIDEICAL &lt;BOMD> SIGNS THREE CONTRACTS</TITLE>
+<DATELINE>    IRVINE, Calif., March 26 - </DATELINE><BODY>Bomed Medical Manufacturing Ltd
+said it signed three foreign contracts for the sale of its
+noninvasive continuous cardiac output monitor.
+    The contracts, valued together at over one mln dlrs, are
+with Sino-US Medical Specialties Ltd in Hong Kong and China,
+Kimal Scientific Products Ltd, in the United Kingdom and
+Hemoportugal, LDA, in Portugal.
+    Bomed said it is also in the process of negotiating other
+foreign contracts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15725" NEWID="10204">
+<DATE>26-MAR-1987 17:02:11.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2696&#31;reute
+h f BC-DEXTER-&lt;DEX>-UNIT-TO   03-26 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEXTER &lt;DEX> UNIT TO LICENSE ADHESIVES</TITLE>
+<DATELINE>    PITTSBURG, Calif., March 26 - </DATELINE><BODY>Dexter Corp said its Hysol
+Aerospace and Industrial Products division signed an agreement
+to license its engineering adhesives to Toyoda Gosei, an
+affiliate of &lt;Toyota Motor Co> of Japan.
+    Dexter said technology exchanges will begin within the next
+three months and both partners will work together to develop a
+complete line of structural adhesive and application techniques
+for the automotive and other industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15726" NEWID="10205">
+<DATE>26-MAR-1987 17:03:03.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2699&#31;reute
+h f BC-MOBIL-&lt;MOB>-POSTPONES   03-26 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> POSTPONES HIGHRISE DEVELOPMENT</TITLE>
+<DATELINE>    CHICAGO, March 26 - </DATELINE><BODY>Mobil Corp said its plans to erect a
+72-story office building in downtown Chicago at the site once
+occupied by a Montgomery Ward department store have been
+postponed.
+    A spokesman for Dearborn Land Co, a unit of Mobil Land
+Development Corp, said the current office market in the area is
+overbuilt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15727" NEWID="10206">
+<DATE>26-MAR-1987 17:09:54.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2713&#31;reute
+d f BC-GLENWOOD-RECALLS-PRES   03-26 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLENWOOD RECALLS PRESCRIPTION DRUG LOT</TITLE>
+<DATELINE>    TENAFLY, N.J., March 26 - </DATELINE><BODY>&lt;Glenwood Inc> said it is
+recalling lot number 54238 of its potaba tablet (aminobenzoate
+potassium), a prescription drug used mainly to treat
+scleroderma, a painful skin thickening condition.
+    It said 5,474 bottles of 100 tablets were distributed
+nationwide. The product is made by Vitarine Pharmaceuticals of
+Springfield Gardens, N.Y, exclusively under the Glenwood label.
+    Glenwood said the recall is due to the pacakging of a
+non-prescription tablet containing ammonium chloride and
+caffeine with the potaba tablets.
+    Only one lot number is involved, but the company said it
+urges all potaba tablets purchased since January 1987 be 
+discontinued if a lot number cannot be identified.
+    It said potaba therapy requires about 24 tablets a day, and
+in the mispackaged bottles patients could take excessively
+large doses of caffeine and chloride which could produce rapid
+heart beats, anxiety, and other ill health effects.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15728" NEWID="10207">
+<DATE>26-MAR-1987 17:11:25.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2717&#31;reute
+f f BC-******MEDIA-GENERAL-I   03-26 0024</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CORRECTED - MEDIA GENERAL INC UPS ANNUAL DIV TO 68 CTS/SHR FROM 64 CTS, SETS STOCK SPLIT (CORRECTS TO SHOW RAISE IN ANNUAL DIV, NOT QTLY)
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15729" NEWID="10208">
+<DATE>26-MAR-1987 17:13:06.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2720&#31;reute
+d f BC-CENTRAL-CAPITAL-PLANS   03-26 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL CAPITAL PLANS THREE-FOR-TWO STOCK SPLIT</TITLE>
+<DATELINE>    TORONTO, March 26 - </DATELINE><BODY>&lt;Central Capital Corp> said it planned
+a three-for-two split of its common and class A subordinate
+voting shares, subject to shareholder approval at the April 23
+annual meeting.
+    It said the split would raise the amount of common shares
+to about 25.2 mln from 16.8 mln and subordinate voting shares
+to about 23.9 mln from 15.9 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15730" NEWID="10209">
+<DATE>26-MAR-1987 17:13:44.00</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2721&#31;reute
+r f BC-WHITE-HOUSE-UNIT-DECI   03-26 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE UNIT DECIDES ON SEMICONDUCTORS</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The White House Economic Policy
+Council made a recommendation to President Reagan whether to
+retaliate against Japan for alleged unfair practices in
+semiconductor trade, U.S. officials said.
+    They would not disclose the council's recommendation, but
+the officials said earlier it was likely the council would call
+for retaliation and urge that curbs be imposed on Japanese
+exports to the United States.
+    The officials said it might be several days before Reagan
+would act and his moves made public.
+    The Senate last week unanimously called on Reagan to impose
+penalities on Japanese exports. Retaliation was also called for
+by the semiconductor industry and its chief trade union, both
+hard hit by Japanese semiconductor trade.
+    In a pact last summer, Japan summer agreed to stop dumping
+its semiconductors at less than cost in the United States and
+other nations and to open its own market to the U.S. products.
+    In return, the United States agreed to hold up imposing
+anti-dumping duties on Japanese semiconductor shipments.
+    U.S. officials say that while Japan has stopped dumping
+semiconductors on the American market, they have continued to
+dump them in third countries and that the Japanese market has
+remained all but closed to the U.S. semiconductors.
+semiconductors on the American market, they have continued to
+dump them in third countries and that the Japanese market has
+remained all but closed to the U.S. semiconductors.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15731" NEWID="10210">
+<DATE>26-MAR-1987 17:17:15.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2730&#31;reute
+r f AM-BRITAIN-POLL   03-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN'S CENTRIST ALLIANCE GAINS IN LATEST POLL</TITLE>
+<DATELINE>    LONDON, March 26 - </DATELINE><BODY>Britain's centrist Alliance has gained
+further ground and now stands second to the ruling
+Conservatives according to a new public opinion poll, leaving
+the main opposition Labour Party trailing in third place.
+    The Gallup survey to be published in tomorrow's Daily
+Telegraph newspaper shows the Conservatives with a popularity
+rating of 37.5 pct, followed by the Social Democrat/Liberal
+Alliance with 31.5 pct and Labour with 29.5 pct.
+    A Marplan poll published in this morning's edition of the
+Today newspaper gave the Conservatives 36 pct against a tied
+figure of 31 pct each for Labour and the Alliance.
+    Last month a Marplan poll gave the Tories 38 pct, the
+Alliance 21 pct and Labour 37 pct.
+    The latest poll findings would, if translated into an
+election result, produce a hung parliament where no single
+party enjoyed an overall majority, analysts said.
+    That should dampen speculation of an early June election,
+they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15732" NEWID="10211">
+<DATE>26-MAR-1987 17:22:00.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2737&#31;reute
+h f BC-NORTHERN-INDIANA-&lt;NI>   03-26 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN INDIANA &lt;NI> 12 MTHS FEB 28 LOSS</TITLE>
+<DATELINE>    HAMMOND, IND., March 26 -
+    </DATELINE><BODY>Shr loss 66 cts vs profit 1.07 dlrs
+    Net loss 20,957,000 vs profit 11,041,000
+    Revs 1.54 billion vs 1.85 billion
+    Avg shrs 73.2 mln vs 71.7 mln
+    NOTE: 1986 net excludes charge of 94.8 mln dlrs or 1.32
+dlrs a share from abandonment of Bailly nuclear plant.
+    Northern Indiana Public Service Co is full name of company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15733" NEWID="10212">
+<DATE>26-MAR-1987 17:23:54.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f2743&#31;reute
+r f BC-NATIONAL-BANKING-POSS   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL BANKING POSSIBLE BY 1991, HELLER SAYS</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Federal Reserve Governor Robert Heller
+said that there should be something approaching full nationwide
+banking in the U.S. by 1990 or 1991.
+    While much of the basic reform in anachronistic interstate
+banking laws may come on the state level, he told a financial
+analysts' meeting here that he also hoped for some concrete
+action on a federal level to address geographic and other
+issues.
+    "A crisis will bring it about very quickly...but that is
+not the way I would like to see it happen," he said, adding,
+"there needs to be continued pressure on Congress (to act)."
+    Heller said that it is very difficult to visualize the
+final version of plans to reform the U.S. financial services
+industry, which are currently being discussed on Capitol Hill.
+"In the conference committee, anything can happen," he said.
+    He said that he hoped that his personal vision of banking
+reform, which he outlined earlier in a formal speech, would
+serve as a blueprint for Congressional debate.
+    In his speech, Heller called for a broad restructuing of
+the domestic financial services industry, which would allow
+commercial banks to diversify along wider geographic and
+product lines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15734" NEWID="10213">
+<DATE>26-MAR-1987 17:25:03.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2747&#31;reute
+u f BC-CHAVIN-RAISES-STAKE-I   03-26 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAVIN RAISES STAKE IN MYERS (MYR)</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Chicago real estate developer
+Leonard Chavin told the Securities and Exchange Commission he
+had raised his stake in the L.E. Meyers Co Group to 11 pct from
+9.7 pct.
+    He also said an investment banker repesenting him met with
+Myers' officers, telling them of his plans for a takeover and
+that he may solicit proxies for a seat on Myers' board.
+    Chavin also said if he takes control of the firm, it could
+result in delisting Meyers' from the New York Stock Exchange.
+    He told the SEC that while he is trying to buy or acquire
+the firm, he still may only hold the shares for an investment.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15735" NEWID="10214">
+<DATE>26-MAR-1987 17:26:07.23</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2749&#31;reute
+r f BC-CANAMAX,-PACIFIC-TRAN   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANAMAX, PACIFIC TRANS-OCEAN APPROVE PRODUCTION</TITLE>
+<DATELINE>    TORONTO, March 26 - </DATELINE><BODY>&lt;Canamax Resources Inc> and &lt;Pacific
+Trans-Ocean Resources Ltd> said they conditionally approved
+starting production at their jointly owned Ketza River gold
+deposit in the Yukon after a study recommended the move.
+    They said production was conditional on approval of a water
+license and arrangement of appropriate financing. They
+estimated development costs for the mine and mill would total
+21.1 mln dlrs, including three mln dlrs of working capital.
+    The feasibility study anticipated gold production of 49,600
+ounces a year at a cost of 129 Canadian dlrs a short ton, they
+said.
+    Canamax and Pacific Trans-Ocean said the project would
+yield a 40 pct after-tax real rate of return at a gold price of
+400 U.S. dlrs an ounce.
+    They said they would mine 460,000 tonnes of proven and
+probable mineable reserves of oxide ore grading 0.45 ounce gold
+ton at a yearly rate of 112,000 tonnes for a mine life of 4.25
+years.
+    Possible reserves of 75,000 tonnes grading 0.38 ounce gold
+ton at the break zone would extend mine life by a year, with
+considerable potential for development of further oxide ore
+reserves at the deposit, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15736" NEWID="10215">
+<DATE>26-MAR-1987 17:29:28.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2754&#31;reute
+b f BC-******CAMPBELL-RED-LA   03-26 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CAMPBELL RED LAKE MINES LTD 4TH QTR SHR 21 CTS VS 10 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15737" NEWID="10216">
+<DATE>26-MAR-1987 17:30:05.91</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2755&#31;reute
+r f BC-GOLD-PRODUCTION-TO-ST   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLD PRODUCTION TO START AT KETZA RIVER</TITLE>
+<DATELINE>    TORONTO, March 26 - </DATELINE><BODY>Canamax Resources Inc and Pacific
+Trans-Ocean Resources Ltd said they conditionally approved
+starting production at their jointly owned Ketza River gold
+deposit in the Yukon after a study recommended the move.
+    They said production was conditional on approval of a water
+license and arrangement of appropriate financing. They
+estimated development costs for the mine and mill would total
+21.1 mln dlrs, including three mln dlrs of working capital.
+    The feasibility study anticipated gold production of 49,600
+ounces a year at a cost of 129 Canadian dlrs a short ton, they
+said.
+    Canamax and Pacific Trans-Ocean said the project would
+yield a 40 pct after-tax real rate of return at a gold price of
+400 U.S. dlrs an ounce.
+    They said they would mine 460,000 tonnes of proven and
+probable mineable reserves of oxide ore grading 0.45 ounce gold
+per ton at a yearly rate of 112,000 tonnes for a mine life of
+4.25 years.
+    Possible reserves of 75,000 tonnes grading 0.38 ounce gold
+per ton at the break zone would extend mine life by a year,
+with considerable potential for development of further oxide
+ore reserves at the deposit, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15738" NEWID="10217">
+<DATE>26-MAR-1987 17:30:57.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2759&#31;reute
+d f BC-CECO-CORP-REPURCHASES   03-26 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CECO CORP REPURCHASES 20 MLN DLRS IN NOTES</TITLE>
+<DATELINE>    OAK BROOK, Ill., March 26 - </DATELINE><BODY>&lt;The Ceco Corp> said it
+repurchased the 20 mln dlr 13-1/4 pct senior subordinate notes
+due November 30, 1996 issued last December nine as part of the
+financing for its leveraged buyout.
+    Ceco said it financed the purchase through an increase in
+its existing credit line.
+    Ceco said Drexel Burnham Lambert Inc acted as Ceco's agent
+in this transaction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15739" NEWID="10218">
+<DATE>26-MAR-1987 17:33:26.02</DATE>
+<TOPICS><D>acq</D><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2762&#31;reute
+r f BC-HONEYWELL-&lt;HON>-DEBT   03-26 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONEYWELL &lt;HON> DEBT RISES ON SPERRY BUYOUT</TITLE>
+<DATELINE>    MINNEAPOLIS, March 26 - </DATELINE><BODY>Honeywell Inc said its total debt
+rose by more than 85 pct in 1986, mainly due to its 1.02
+billion dlr acquisition of the Sperry Aerospace Group.
+    At yearend, according to the company's 1986 annual report,
+Honeywell's total debt stood at 1.44 billion dlrs, compared
+with 776.6 mln dlrs in 1985.
+    Honeywell said that if it had acquired the Sperry unit at
+the beginning of 1986, its loss for the full year would have
+been 9.88 dlrs a share.
+    Honeywell's actual loss in 1986 was 8.33 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15740" NEWID="10219">
+<DATE>26-MAR-1987 17:36:38.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2765&#31;reute
+r f BC-mcintyre-mines   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCINTYRE MINES &lt;MP> COMPLETES UNIT SALE</TITLE>
+<DATELINE>    TORONTO, March 26 - </DATELINE><BODY>McIntyre Mines Ltd said it completed
+the previously announced sale of all shares of wholly owned
+Smoky River Coal Ltd and certain related assets to Smoky River
+Holdings Ltd for a nominal cash consideration.
+    McIntyre did not specify the cash amount of the sale.
+    Smoky River Holdings is an Alberta company controlled by
+Michael Henson, former president and chief executive of
+McIntyre, the company said.
+    McIntyre said it retained an unspecified royalty interest
+in Smoky River Coal based on net operating cash flows from the
+company's coal properties.
+    McIntyre also said it provided a three mln dlr last
+recourse letter of credit to the Alberta government for Smoky
+River Coal's reclamation obligations.
+    The credit letter expires either when Smoky River completes
+three mln dlrs of reclaiming activities or December 31, 1992,
+which ever occurs first.
+    McIntyre said it also remains contingently liable for
+certain obligations now totalling about seven mln dlrs, which
+will reduce over time as Smoky River continues to operate.
+    McIntyre's principal asset continues to be its 14 pct
+interest in Falconbridge Ltd &lt;FALCF>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15741" NEWID="10220">
+<DATE>26-MAR-1987 17:41:03.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2770&#31;reute
+r f AM-BRAZIL-STRIKES   03-26 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL BANKWORKERS STRIKE ENTERS THIRD DAY</TITLE>
+<DATELINE>    RIO DE JANEIRO, MARCH 26 - </DATELINE><BODY>A national strike by the
+majority of Brazil's 700,000 bankworkers completed three days
+and no negotiated solution was immediately expected, a
+spokesman for the National Federation of Banks said today.
+    While bankworkers are demanding a 100 per cent pay rise,
+the private bankers would rather wait until next Monday, when a
+labour court is due to judge the legality of the stoppage, the
+spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15742" NEWID="10221">
+<DATE>26-MAR-1987 17:42:29.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2775&#31;reute
+r f BC-PHLCORP-&lt;PHX>-SHAREHO   03-26 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHLCORP &lt;PHX> SHAREHOLDERS APPROVED DIRECTORS</TITLE>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Shareholders of PHLCORP Inc, formerly
+Baldwin-United Corp, nominated Leucadia National Corp's slate
+of directors and adopted a proposal to reincorporate the
+company in Pennsylvania, according to PHLCORP's secretary and
+general counsel Bob Beber.
+    Elected to the board were Leucadia Chairman Ian Cumming,
+Leucadia President Joseph Steinberg, James Kimball and Michael
+Lynch.
+    PHLCORP previously said the planned reincorporation to
+Pennsylvania from Delaware results in certain limited
+restrictions on the transfer of company's shares, which are
+intended to minimize the likelihood of loss of significant tax
+benefits.
+    PHLCORP earlier said that on November 14, 1986, Leucadia
+acquired claims in Baldwin-United's bankruptcy proceedings
+entitling it to about 39 pct of the outstanding common of
+PHLCORP. Cumming and Steinberg were elected to the board in
+November.
+    Leucadia's candidates were the only nominated for the
+board. PHLCORP had said if the candidates did not win
+shareholder approval at the meeting in Philadelphia today, the
+former directors would continue in office.
+    PHLCORP has been managed by Palmieri Co, which was retained
+to assume management control of the company by Baldwin's former
+board of directors in May, 1983.
+    Leucadia had previously said if its directors won approval,
+the agreement with Palmieri would be terminated and Cumming and
+Steinberg would step in as chairman and president,
+respectively.
+PHLCORP will merge into a newly formed Pennsylvania company.
+Shares will be exchanged on a one-for-one basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15743" NEWID="10222">
+<DATE>26-MAR-1987 17:43:38.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2779&#31;reute
+u f BC-MEDIA-GENERAL-&lt;MEG.A>   03-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDIA GENERAL &lt;MEG.A> UPS DIVIDEND, SETS SPLIT</TITLE>
+<DATELINE>    RICHMOND, Va., March 26 - </DATELINE><BODY>Media General Inc said it raised
+the annual dividend on its class A and class B common stock to
+68 cts a share from 64 cts.
+    The company said it also declared a two-for-one stock split
+of both stock issues, which is subject to shareholder approval
+of an increase in the number of authorized class A shares.
+    Media General said the increased dividend is payable June
+12 to shareholders of record May 29.
+    The proposed stock split will be paid May 29 in shares of
+class A shares, the company said.
+    The company said it also approved an amendment to its
+articles of incorporation allowing class B shares to be
+coverted into class A shares at the option of the holder.
+    Media General said the moves should broaden investor
+interest in its class A stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15744" NEWID="10223">
+<DATE>26-MAR-1987 17:44:30.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2782&#31;reute
+r f BC-FDIC-SAYS-OKLAHOMA-BA   03-26 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDIC SAYS OKLAHOMA BANK BECOME 51ST TO FAIL</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The Federal Deposit Insurance Corp
+said the First State Bank in Billings, Okla, was closed by
+banking regulators, bringing the total number of bank failures
+this year to 51.
+    FDIC said 9.4 mln dlrs of First State's deposits were
+assumed by First National Trust Co of Perry, in Perry Oklahoma.
+    First National also will assume eight mln dlrs in assets.
+The FDIC said it will advance 1.5 mln dlrs to facilitate the
+transaction and retain 2.1 mln dlrs in assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15745" NEWID="10224">
+<DATE>26-MAR-1987 17:46:26.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2788&#31;reute
+d f BC-INVESTMENT-GROUP-UPS   03-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT GROUP UPS STAKE IN SCANDINAVIA &lt;SCF></TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>A multinational shareholder group
+told the Securities and Exchange Commission it increased its
+stake in Scandinavia Fund Inc to 35.5 pct, from 30.5 pct.
+    The investors include Ingemar Rydin Industritillbehor AB,
+of Sweden, and VBI Corp, of the West Indies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15746" NEWID="10225">
+<DATE>26-MAR-1987 17:46:39.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2789&#31;reute
+r f BC-CAMPBELL-RED-LAKE-MIN   03-26 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMPBELL RED LAKE MINES LTD &lt;CRK> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 26 -
+    </DATELINE><BODY>Shr 21 cts vs 10 cts
+    Net 10,798,000 vs 4,704,000
+    Revs 47.4 mln vs 32.9 mln
+    YEAR
+    Shr 58 cts vs 54 cts
+    Net 29.1 mln vs 25.8 mln
+    Revs 187.7 mln vs 134.7 mln
+    Note: 1986 net includes 2.8 mln dlr extraordinary gain in
+4th qtr and 6.5 mln dlr fl-yr extraordinary loss involving
+provision for decline in market value of marketable securities
+partly offset by gain from sale of stake in Dome Petroleum Ltd
+&lt;DMP>.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15747" NEWID="10226">
+<DATE>26-MAR-1987 17:46:49.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2790&#31;reute
+d f BC-PRESIDENTIAL-AIR-&lt;PAI   03-26 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDENTIAL AIR &lt;PAIR> FEBRUARY LOAD FACTOR UP</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Presidential Airways Inc said its
+load factor, or percentage of seats filled, totaled 66.8 pct in
+February, up from 53.4 pct for the same month last year.
+    The airline said its traffic for the month rose to 49.1 mln
+revenue passenger miles, from 33.9 mln last year. A revenue
+passenger mile is one paying passenger flown one mile.
+    The carrier said its capacity increased to 73.5 mln
+available seat miles from 63.5 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15748" NEWID="10227">
+<DATE>26-MAR-1987 17:52:10.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2800&#31;reute
+r f BC-(CORRECTED)-&lt;AMERICAN   03-26 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED)-&lt;AMERICAN VARIETY INTERNATIONAL INC></TITLE>
+<DATELINE>    LOS ANGELES, March 23 -
+    </DATELINE><BODY>Shr loss seven cts vs profit 11 cts
+    Net loss 76,888 vs profit 106,885
+    Revs 752,234 vs 922,036
+    (corrects year ago per share to profit, instead of loss in
+item that ran on March 23)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15749" NEWID="10228">
+<DATE>26-MAR-1987 17:57:34.69</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f2810&#31;reute
+u f BC-OIL-EXECUTIVES-SEE-ST   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OIL EXECUTIVES SEE GRADUAL RISE IN PRICES</TITLE>
+<DATELINE>     HOUSTON, March 26 - </DATELINE><BODY>Top executives with Tenneco Corp &lt;TGT>
+and Sabine Corp &lt;SAB> said they expected world oil prices to
+gradually increase over the next two years as U.S. reliance on
+imports of oil from the Middle East grows.
+     "I believe we have bottomed out and can look forward to a
+trend of gradually increasing prices," C.W. Nance, president of
+Tenneco Oil Exploration and Production, told a meeting of the
+Petroleum Equipment Suppliers Association.
+     Nance predicted that by 1990, the Organization of
+Producing and Exporting Countries would be producing at the
+rate of 80 pct of capacity.
+    The gain will come largely through increased imports to the
+United States, he said.
+    "They will be able to raise the price again but I do not
+think they will raise it as much as they did in 1979," Nance
+said. He did not say how much of a price hike he expected.
+     Andrew Shoup, chairman of Dallas-based Sabine, predicted
+that world oil prices would increase from a range of 15 to 20
+dlrs a barrel in 1987 to a range of 17 to 22 dlrs a barrel in
+1988. Natural gas prices, Shoup said, should similarly climb
+from a range of 1.30 to 1.70 dlrs per mcf this year to between
+1.50 and 1.90 dlrs per mcf in 1988.
+     "Fuel switching could help us as much as five pct in
+increased demand," Shoup said, referring to the gas industry's
+outlook for 1987. Repeal of the Fuel Use Act, a federal law
+prohibiting the use of natural gas in new manufacturing plants
+and utilities, could increase demand for gas by as much as 15
+pct, he said.
+     Tenneco's Nance also said that some U.S. cities may
+experience peak day shortages in natural gas supplies next
+winter because of the industry's reduced deliverability.
+     Tenneco's gas deliverability, for example, dropped by 20
+pct during 1986, he said.
+     "This does not mean the gas bubble is gone," Nance said.
+"We believe gas prices have bottomed out. The real question is
+how broad the valley is -- is it one year, two years or three
+years before we start to climb out?"
+      J.C. Walter of &lt;Walter Oil and Gas Corp>, said the recent
+improvement in oil prices was not enough for independent
+producers to begin new onshore drilling projects.
+     "If crude oil stays below 20 dlrs a barrel and 1.50 dlr
+per mcf for natural gas prevails, the prospects for onshore
+exploration at deeper depths in the Texas Gulf Coast by
+independents in the 1990s are pretty dismal," Walter said.
+     He suggested that some independents may instead turn to
+exploration in shallow federal offshore leases. Farm-out
+agreements, cheap rig rates and less competition have held
+finding costs in those areas to five or six dlrs a barrel,
+Walter said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15750" NEWID="10229">
+<DATE>26-MAR-1987 18:00:39.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2813&#31;reute
+r f BC-WHITE-HOUSE-BUDGET-CH   03-26 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE BUDGET CHIEF CRITICIZES CHILES PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>White House Budget Director James
+Miller said a budget plan drafted by Senate Budget Chairman
+Lawton Chiles (D-Fla.) was "seriously deficient."
+    In a statement, Miller called the senator's proposal for
+the government's fiscal 1988 budget would cut U.S. defense
+spending authority by more than 25 billion dlrs from President
+Reagan's request, resulting in a real reduction of military
+spending authority for the third year in a row.
+    While the plan would allow actual 1988 defense spending to
+rise by 5.6 billion dlrs, domestic spending would be increased
+by a disprportionate 42.7 billion dlrs, he said.
+    Miller also criticized the Chiles plan's call for a 13.6
+billion dlr tax increase.
+    "The president has said repeatedly that he would veto any
+tax increase," Miller said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15751" NEWID="10230">
+<DATE>26-MAR-1987 18:01:26.11</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2815&#31;reute
+d f AM-ECONOMY-SOVIET-(EMBAR GOED)  03-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPORT SAYS SOVIET ECONOMIC PLANS TOO OPTIMISTIC</TITLE>
+<AUTHOR>    by Robert Green, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The Soviet economy has grown at an
+increased rate under Mikhail Gorbachev's leadership, but his
+goals may be too ambitious, according to a report from U.S.
+intelligence agencies.
+    The report was prepared jointly by the Central Intelligence
+Agency and the Defense Intelligence Agency for the
+Congressional Joint Economic committee, which released it.
+    It said the Soviet economy grew by 4.2 pct in 1986,
+Gorbachev's first full year in power, twice the average rate of
+growth over the previous 10 years.
+    Gorbachev's policies to improve worker attitudes, remove
+incompetent officials, reduce corruption and alcoholism and
+modernize the country's industrial equipment accounted for some
+of the gains, the report said.
+    "Although many of the specific policies Gorbachev has
+adopted are not new, the intensity Gorbachev has brought to his
+efforts and his apparent commitment to finding long-term
+solutions are attributes that his immediate predecessors
+lacked. Nonetheless, Gorbachev's program appears too ambitious
+on a number of counts," the report said.
+    Earlier this week, two U.S. experts on the Soviet Union
+said Gorbachev was likely to be ousted in three to four years
+if he continues his reform policies.
+    "I don't think he can last four years," Marshall Goldman of
+Harvard University told a Congressional hearing. "He's moving so
+fast, he's stepping on so many toes."
+    A similar comment came from Peter Reddaway of the
+Smithsonian Institution's Kennan Institute for Advanced Russian
+studies.
+    The economic report said meeting targets for commodity
+output would require unrealistic gains in productivity and
+industrial output targets appear too high to allow time to
+install more advanced equipment.
+    None of Gorbachev's proposals would change the system of
+economic incentives that has discouraged innovation and
+technological change, the report added.
+    "The first significant resistance to specific policies,
+although not overall goals, surfaced (in 1986) in both the
+massive government and party bureaucracy, particularly among
+enterprise managers who complained that they were being asked
+to carry out conflicting goals -- such as to raise quality
+standards and output targets simultaneously," the report said.
+    The CIA-DIA report predicted two to three pct growth in the
+Soviet economy over the next several years. It said the Soviet
+Union trailed the U.S. by seven to 12 years in advanced
+manufacturing technologies, such as computers and
+microprocessors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15752" NEWID="10231">
+<DATE>26-MAR-1987 18:03:41.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2823&#31;reute
+b f BC-******GREAT-AMERICAN   03-26 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GREAT AMERICAN CORP SEES 1ST QTR CHARGE OF 14.1 MLN DLRS AGAINST LOAN LOSS ALLOWANCE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15753" NEWID="10232">
+<DATE>26-MAR-1987 18:06:32.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f2826&#31;reute
+u f BC-CINEPLEX-ODEON-TO-OFF   03-26 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CINEPLEX ODEON TO OFFER STOCK IN THE U.S.</TITLE>
+<DATELINE>    TORONTO, March 26 - </DATELINE><BODY>&lt;Cineplex Odeon Corp> said it proposed
+to sell 3,650,000 shares of common stock in the United States
+in late April, its first U.S. public stock offering.
+    In a registration statement filed with the Securities and
+Exchange commission, Cineplex said it plans to offer the shares
+through an underwriting group managed by Merrill Lynch Capital
+Markets and Allen and Co.
+    Cineplex also said that MCA Inc &lt;MCA>, which holds a 50 pct
+stake in company, will buy one mln subordinated restricted
+voting shares. These shares, will be bought at the closing of
+the public offering with existing purchase rights, it said.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15754" NEWID="10233">
+<DATE>26-MAR-1987 18:08:11.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2827&#31;reute
+u f BC-GREAT-AMERICAN-&lt;GTAM>   03-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT AMERICAN &lt;GTAM> SEES CHARGE, WRITEDOWN</TITLE>
+<DATELINE>    BATON ROUGE, LA., March 26 - </DATELINE><BODY>Great American Corp said
+preliminary findings by regulatory examiners of its AMBANK
+subsidiary will result in a first quarter charge of 14.1 mln
+dlrs and a writedown of 1.4 mln dlrs.
+    The charge will be made against the allowance for possible
+loan losses, and the writedown is of other real estate.
+    Great American said the examiners were conducting a regular
+examination and a final report is not expected for several
+weeks. Management intends to include the charge and writedown
+in response to the preliminary findings.
+    Great American said regulatory authorities are not
+requiring an adjustment of the previously reported financial
+results for Great American for 1986.
+    However, Great American has revised its previous estimates
+of provisions for possible losses and has added 9.9 mln dlrs to
+the allowance account as of December 31, 1986. It said it took
+the action since the charge-offs will significantly deplete its
+allowance for possible loan losses and the economic environment
+does not show signs for significant improvement in the near
+future.
+    It said the additional provision increases the allowance to
+26.4 mln dlrs, representing 6.63 pct of the outstanding loan
+portfolio and 83.2 pct of non-performing loans at year-end.
+    Great American said its revised net loss for the fourth
+quarter is 14.1 mln dlrs, or 6.36 dlrs per share, compared to a
+net loss of 2.4 mln dlrs or 1.06 dlrs per share the year
+earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15755" NEWID="10234">
+<DATE>26-MAR-1987 18:12:46.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2833&#31;reute
+r f BC-WESTERN-TELE-&lt;WTLCA>   03-26 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN TELE &lt;WTLCA> PLANS STOCK BUYBACKS</TITLE>
+<DATELINE>    ENGLEWOOD, Calif., March 26 - </DATELINE><BODY>Western Tele-Communications
+Inc said it plans to periodically repurchase shares of its
+class A and class B stock.
+    The company said it will repurchase an indeterminate amount
+of shares from institutional investors on the open market.
+    It said it expects to buy the shares using available funds
+when it believes the market prices of the stock issues are too
+low.
+    Western said it plans to continue the program indefinitely.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15756" NEWID="10235">
+<DATE>26-MAR-1987 18:14:47.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2837&#31;reute
+h f BC-&lt;MARATHON-NATIONAL-BA   03-26 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MARATHON NATIONAL BANK> YEAR NET</TITLE>
+<DATELINE>    LOS ANGELES, March 26 -
+    </DATELINE><BODY>Shr 78 cts vs 51 cts
+    Net 725,000 vs 451,000
+    Assets 98.5 mln vs 85.9 mln
+    Loans 40.5 mln vs 28.8 mln
+    Deposits 90.4 mln vs 78.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15757" NEWID="10236">
+<DATE>26-MAR-1987 18:17:02.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2840&#31;reute
+w f BC-&lt;TECHNOLOGY-MARKETING   03-26 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TECHNOLOGY MARKETING INC > SETS CONTRACT</TITLE>
+<DATELINE>    IRVINE, Calif., March 26 - </DATELINE><BODY>Technology Marketing Inc said it
+signed a new production contract worth about one mln dlrs with
+what it called, a substantial U.S. electronics equipment
+company.
+    The company said it would not comment further on the
+agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15758" NEWID="10237">
+<DATE>26-MAR-1987 18:17:46.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2843&#31;reute
+r f BC-MACMILLAN-BLOEDEL-&lt;MM   03-26 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACMILLAN BLOEDEL &lt;MMBLF> STOCK SPLIT APPROVED</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 26 - </DATELINE><BODY>MacMillan Bloedel
+Ltd said shareholders approved the company's previously
+reported proposed three-for-one stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15759" NEWID="10238">
+<DATE>26-MAR-1987 18:19:17.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2844&#31;reute
+r f BC-CTC-DEALER-TO-APPEAL   03-26 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CTC DEALER TO APPEAL CANADIAN TIRE DECISION</TITLE>
+<DATELINE>    TORONTO, March 26 - </DATELINE><BODY>CTC Dealer Holdings Ltd said it would
+appeal a previously reported Ontario court ruling upholding an
+Ontario Securities Commission decision to block CTC's bid for
+49 pct of &lt;Canadian Tire Corp Ltd> common shares.
+    CTC, a group of Canadian Tire dealers, added that it also
+extended its tender offer to March 31 and was seeking approval
+to extend its bid while the appeal court heard the case.
+    It said Alfred and David Billes, two of Canadian Tire's
+controlling shareholders, backed the appeal and would seek
+leave to appeal while third controlling shareholder Martha
+Billes supported the appeal but would not join an appeal
+motion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15760" NEWID="10239">
+<DATE>26-MAR-1987 18:19:35.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2845&#31;reute
+u f BC-PIK-CERTIFICATES-IN-E   03-26 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIK CERTIFICATES IN EYE OF U.S. BUDGET STORM</TITLE>
+<DATELINE>     WASHINGTON, March 26 - </DATELINE><BODY>Senate Agriculture Committee
+Chairman Patrick Leahy (D-Vt.) said Congress would consider
+limiting the use of generic commodity certificates as a means
+of cutting government spending.
+     "I suspect that as we go into some of the budget debates
+we're going to have on the floor, this is going to be part of
+it," Leahy said, referring to proposals that the U.S.
+Agriculture Department save money by substituting cash outlays
+for payment-in-kind, or PIK, certificates in price and income
+support programs.
+     "I have a feeling that the PIK program, however the cost
+is defined, is going to be one of the top number of areas that
+people are going to be looking for savings," Leahy told a
+hearing of the Senate Agriculture Committee.
+     The Congressional Budget Office has estimated that the
+government could save 1.4 billion dlrs during fiscal years
+1988-92 if it curbed the use of generic certificates by banning
+so-called "PIK and roll" transactions.
+     Several Democratic senators had harsh comments for generic
+certificates.
+     "We're trying to take care of a bad situation --
+surpluses--by depressing the price. I don't see any benefits,"
+said Sen. Tom Harkin (D-Iowa). "I don't see any benefit in
+driving their prices lower, lower, lower all the time."
+     But Sen. Rudy Boschwitz said he supported use of
+certificates. "By and large I'm favorably impressed by PIK
+certificates. I feel they have been helpful," said Boschwitz.
+     As expected, officials from the General Accounting Office
+and the U.S. Agriculture Department indicated their estimates
+of the cost of PIK certificates compared to cash outlays were
+far apart.
+     The General Accounting Office, GAO, told the committee
+that PIK certificates increased total Commodity Credit Corp
+outlays through 1987 by between 107 mln and 653 mln dlrs. GAO
+said that increase was offset by commodity storage cost savings
+of beween 169 mln and 253 mln dlrs.
+     Pressed by the committee, GAO Senior Associate Director
+Brian Crowley said government spending probably was about 450
+mln dlrs above what it would have been had all program payments
+been made in cash, not counting storage savings.
+     Crowley also said he thought PIK certificates had lowered
+the price of corn and boosted domestic consumption of corn.
+     Agriculture Undersecretary Daniel Amstutz told the
+committee that the additional costs of using PIK certificates
+and storage, handling and transportation costs "balance off
+very closely."
+     Amstutz said he estimated the net cost of using
+certificates was about one pct higher than using only cash to
+make program payments.
+     William Bailey, USDA deputy administrator for program
+planning, said there were "one hundred issues I find either
+incorrect (in the GAO report), disagree with or where their
+(GAO) facts are inconsistent with what's going on."
+     Amstutz said GAO had not given USDA the option of
+"providing input" into the preparation of their report "as they
+frequently do."
+     The USDA undersecretary also conceded that certificates
+and marketing loans had the similar effect of "putting more
+goods into the market," but that while the department supported
+certificates, it would continue to oppose a marketing loan for
+wheat and feedgrains because it would cost too much.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15761" NEWID="10240">
+<DATE>26-MAR-1987 18:19:39.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2846&#31;reute
+s f BC-URS-CORP-&lt;URS>-REGULA   03-26 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>URS CORP &lt;URS> REGULAR STOCK DIVIDEND</TITLE>
+<DATELINE>    SAN MATEO, Calif., March 26 - 
+    </DATELINE><BODY>Qtly div five pct stock vs five pct stock
+    Pay April 16
+    Record April six
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15762" NEWID="10241">
+<DATE>26-MAR-1987 18:22:31.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2849&#31;reute
+r f BC-AMERICAN-ECOLOGY-CORP   03-26 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ECOLOGY CORP &lt;ECOL> SETS CONTRACTS</TITLE>
+<DATELINE>    AGOURA HILLS, Calif., March 26 - </DATELINE><BODY>American Ecology Corp said
+its National Ecology Inc unit has executed contracts
+valued at 142 mln dlrs with the Babcock and Wilcox Co.
+    Under the contracts, American Ecology will design, supply,
+start-up and support 20-year operations and maintenance of the
+refuse derived fuel receiving and processing part of the Palm
+Beach County, Florida Solid Waste Authority resource recovery
+facility.
+    Construction of the facility has begun. Operations are
+scheduled to start by 1990, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15763" NEWID="10242">
+<DATE>26-MAR-1987 18:22:54.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2850&#31;reute
+s f BC-DUCOMMUN-INC-&lt;DCO>-QU   03-26 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUCOMMUN INC &lt;DCO> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    CYPRESS, Calif., March 26 -
+    </DATELINE><BODY>Qtly div five cts vs five cts
+    Pay April 30
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15764" NEWID="10243">
+<DATE>26-MAR-1987 18:23:27.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2852&#31;reute
+r f BC-TEKTRONIX-INC-&lt;TEK>-Q   03-26 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEKTRONIX INC &lt;TEK> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    BEAVERTON, Wash., March 26 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts
+    Pay May 4
+    Record April 10
+    Note: previous dividend restated to reflect January 26
+two-for-one stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15765" NEWID="10244">
+<DATE>26-MAR-1987 18:30:03.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>zaire</D><D>zambia</D><D>angola</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2856&#31;reute
+r f AM-ANGOLA-BENGUELA   03-26 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANGOLAN REBELS OFFER TO REOPEN BENGUELA RAILROAD</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>Angola's U.S.-backed UNITA rebel
+group has offered to reopen the Benguela railroad that runs
+through UNITA-held territory and links landlocked Zaire and
+Zambia to the Angolan port of Lobito.
+    UNITA leader Jonas Savimbi, in a statement made in his
+Jamba headquarters in southern Angola and released by UNITA's 
+Washington office, said he was prepared to guarantee safe
+passage for non-military freight as a gesture of "peace and
+reconciliation."
+    Savimbi challenged the Cuban-backed Angolan government,
+which controls the port, to match his offer and allow goods to
+pass through. There was no immediate response from Luanda.
+    UNITA has been fighting the Cuban-backed Angolan government
+since 1976.
+    The offer of a rail route to the Atlantic would help South
+Africa's black neighbors reduce their economic dependence on
+South Africa.
+    The U.S. Congress is currently considering a proposal to
+spend some 500 mln dlrs to build another railroad to help these
+states become less dependent on South Africa.
+    The Beira corridor runs through Mozambique to Tanzania's
+Indian ocean ports but Savimbi suggested the Benguela route as
+an alternative.
+    "The Benguela route can safely open immediately," he said. "It
+will provide the transportation our neighbors need, and it will
+not cost the Americans the money they say it will cost to open
+the Beira corridor."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15766" NEWID="10245">
+<DATE>26-MAR-1987 18:30:11.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2857&#31;reute
+d f BC-&lt;MCM-CORP>-TO-DELAY-Y   03-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MCM CORP> TO DELAY YEAREND REPORT</TITLE>
+<DATELINE>    RALEIGH, N.C., March 26 - </DATELINE><BODY>McM Corp said it has been forced
+to delay the release of its fourth quarter and yearend results
+until it can determine the effects on its balance sheet of a
+possible increase in liabilities at a unit.
+    Earlier this month, the company's Occidental Fire and
+Casualty Co unit paid 26 mln dlrs to a unit of &lt;Mutual of
+Omaha> under a commutation agreement.
+    However, McM said it now believes it is possible that the
+unit's liabilities may exceed 26 mln dlrs.
+    It said a finding on any possible increase should be
+completed by April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15767" NEWID="10246">
+<DATE>26-MAR-1987 18:33:15.25</DATE>
+<TOPICS><D>money-supply</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A F
+&#22;&#22;&#1;f2862&#31;reute
+u f BC-FED-DATA-INDICATE-POL   03-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED DATA INDICATE POLICY LIKELY TO STAY ON HOLD</TITLE>
+<AUTHOR>    By Martin Cherrin, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 26 - </DATELINE><BODY>Federal Reserve data released today
+indicate that there has been no policy change in recent weeks
+and that none is likely at next week's Federal Open Market
+Committee (FOMC) meeting, economists said.
+    "The Fed continues to be accommodative in its provision of
+reserves, indicating that there has been no policy shift since
+the beginning of this year," said Harold Nathan, economist at
+Wells Fargo Bank.
+    "These numbers and other things suggest the FOMC will not
+change policy," said Robert Brusca of Nikko Securities Co.
+    "The Fed is sitting fairly pretty now. There's no real
+reason for it to change policy," said Joseph Liro of S.G.
+Warburg and Co Inc.
+    Liro said the economy is showing moderate growth and does
+not require immediate policy easing and the money aggregates
+may well end March at the bottom of their target ranges.
+    All of the economists agreed that the Fed's major concern
+now is recent weakness in the dollar which early this week was
+heavily supported by central banks. They said fear of hurting
+the dollar will cause the Fed to be cautious in lowering
+interest rates further.
+    Numbers released by the Fed today were all in line with
+expectations and similar to the data for most of this year.
+    The Fed said that banks' net free reserves averaged 603 mln
+dlrs in the two-week statement period that ended on Wednesday
+versus 749 mln dlrs in the previous period.
+    In the single week to Wednesday, banks' borrowings at the
+discount window, less extended credits, averaged 302 mln dlrs
+compared with 228 mln dlrs in the first week of the statement
+period. Meanwhile the Federal funds rate average edged up to
+6.14 pct from 6.08 pct.
+    The Fed's failure to add reserves in the market on Tuesday
+and Wednesday surprised some, but economists said the data
+released today suggest it had no real need to add reserves.
+    The Fed's absence may be explained by the lack of any
+pressing need for it to supply reserves and by a desire to
+boost borrowings in the second week of the statement period to
+meet its borrowings target, said Liro of Warburg.
+    Liro said the Fed probably is shooting for a two-week
+borrowings average of 300-325 mln dlrs. The borrowings actually
+averaged 265 mln dlrs in the latest statement period and that
+was up from 191 mln dlrs in the prior period.
+    Brusca of Nikko agreed that the Fed probably is aiming for
+two-week average discount window borrowings of around 300 mln
+dlrs. He said that would correspond to a Federal funds rate of
+around 6.10 pct.
+    It is nearly impossible for the Fed to hit any borrowings
+target since the demand for excess reserves is erratic, said
+Wells Fargo's Nathan. He said the Fed is focusing instead on
+the funds rate and is trying to keep it roughly within a six to
+6-1/4 pct band.
+    Upward funds rate pressure and a big reserve-adding need
+are anticipated for the statement period that began today.
+ More
+    Brusca believes the Fed will have to add 3.5 to four
+billion dlrs a day in reserves in this statement period. Liro
+puts the add need at around 3.9 billion dlrs.
+    To partly address this requirement, many expect the Fed to
+add permanent reserves with effect next Thursday by offering to
+buy all maturities of Treasury bills on Wednesday. A similar
+coupon "pass" may be required later.
+    There will be a greater demand for funds in this statement
+period because it includes the close of the quarter. Further
+upward pressure on the Federal funds rate may come from window
+dressing demand as the Japanese fiscal year ends on March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15768" NEWID="10247">
+<DATE>26-MAR-1987 18:38:22.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2867&#31;reute
+d f BC-U.S.-FARM-CREDIT-PROB   03-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM CREDIT PROBLEMS SOLVABLE -BOARD MEMBER</TITLE>
+<DATELINE>    CHICAGO, March 26 - </DATELINE><BODY>Substantial difficulties faced by the
+U.S. farm credit system can be solved with a business-like
+approach to the problems, a Farm Credit Admimistration official
+said.
+    Marvin R. Duncan, a member of the administration board,
+said the farm credit system faces unprecedented difficulties in
+its 70-year history.
+    Addressing Chicago business and agricultural economists,
+Duncan outlined three basic problems of the farm credit system.
+Those include the high cost of its debt, the quality of its
+assets, and the management of its credit delivery system.
+    He said some of the system's debt carries interest rates as
+high as 15.65 pct and will not mature until the year 2007.
+    Of its 54.6 mln dlrs in assets, 24.1 pct are non-accrual,
+high risk or already forfeited property, which led to losses in
+1986 of 1.9 billion dlrs and in 1985 of 2.7 billion dlrs.
+    Problems with credit delivery have been somewhat resolved,
+he said.
+    "The system is still plagued with duplication in layers of
+management and decision-making, inadequate tailoring of credit
+services to fit the emerging market, a large investment in
+bricks and mortar, and a management and directorate more
+insular to the marketplace than that of its competitors," he
+said.
+    He said solutions to the problems should -
+ - provide assurances to farmers on borrowers stock and the
+stability of the farm credit system.
+ - maintain confidence of investors who buy system securities.
+ - address the high cost of the system's existing debt.
+ - enable the Farm Credit System Capital Corporation to carry
+out its role as a workout bank.
+    Frank Naylor, chairman of the Farm Credit Administration,
+said this week that the system may lose as much as 1.4 billion
+dlrs this year, and another board member, Jim Billington, said
+Congress should plan to spend at least 800 mln dlrs beginning
+late this year to bail out the system.
+    Duncan noted that the system has about 70 billion dlrs in
+assets, serves about 800,000 individual borrowers and 3,000
+cooperatives, and has 62.5 billion dlrs in securities
+outstanding.
+    "With a business-like solution to its problems, it can
+continue that role for generations into the future," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15769" NEWID="10248">
+<DATE>26-MAR-1987 18:39:07.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2869&#31;reute
+r f BC-BCE-DEVELOPMENT-TO-BU   03-26 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BCE DEVELOPMENT TO BUILD STORE IN MINNEAPOLIS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 26 - </DATELINE><BODY>&lt;BCE Development
+Corp> said its BCE Development Properties Inc U.S. unit agreed
+with Saks Fifth Avenue and the city of Minneapolis, Minnesota
+to build a four-level Saks store in downtown Minneapolis.
+    The city will acquire the mall site from BCE Development,
+which will then lease it back from the city. The city will also
+subsidize an adjoining five-level 125,000 square foot retail
+development, said BCE Development Corp, 68 pct-owned by Bell
+Canada Enterprises Inc &lt;BCE>.
+    Other financial terms were undisclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15770" NEWID="10249">
+<DATE>26-MAR-1987 18:39:48.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2871&#31;reute
+d f BC-TWO-RESIGN-FROM-SCOTT   03-26 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO RESIGN FROM SCOTT INSTRUMENTS &lt;SCTI> BOARD</TITLE>
+<DATELINE>    DENTON, Texas, March 26 - </DATELINE><BODY>Scott Instruments Inc said two
+members of its board resigned.
+    The company did not give a reason for the departure of the
+directors, David M. Jacobs and Frederick Brodsky.
+    Scott said it does not plan to fill the vacancies left by
+their resignations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15771" NEWID="10250">
+<DATE>26-MAR-1987 18:49:06.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2878&#31;reute
+d f AM-BANK-INDIA   03-26 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDA APPROVES 114 MLN DLR CREDIT FOR INDIA</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The International Development
+Association said it approved a 114 mln dlr credit for India to
+support several water irrigation projects.
+    IDA, the World Bank arm which lends to the poorest
+countries, said the projects are designed to increase
+agricultural productivity and farm incomes.
+    Irrigation development has been a major factor in improving
+agricultural performance and yields in many areas but fall
+short of their potential due to unreliable water supply and
+often inequitable distribution, it noted.
+    IDA said the credit supports a 7-year program to plan,
+implement and monitor improved operation of selected projects. 
+   In addition to the 50-year credit, the Indian government and
+participating states will provide 43 mln dlrs to the plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15772" NEWID="10251">
+<DATE>26-MAR-1987 18:51:21.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2881&#31;reute
+r f BC-WESTWORLD-&lt;WCHI>-EXTE   03-26 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTWORLD &lt;WCHI> EXTENDS EXCHANGE OFFER</TITLE>
+<DATELINE>    LAKE FOREST, Calif., March 26 - </DATELINE><BODY>Westworld Community
+Healthcare Inc said it is extending its exchange offer to April
+8 at 1700 EST.
+    The offer is for Westworld 30 mln dlr principal amount of
+14-1/2 pct subordinated notes due 2000 and its 35 mln dlrs
+principal amount 14-3/8 pct subordinated debt due 1995.
+    It said to date, 7,380,000 dlrs principal amount of
+securities have been tendered under the offers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15773" NEWID="10252">
+<DATE>26-MAR-1987 18:51:48.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2882&#31;reute
+d f BC-FLIGHT-DYNAMICS-&lt;FLTY   03-26 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLIGHT DYNAMICS &lt;FLTY> CHAIRMAN STEPS DOWN</TITLE>
+<DATELINE>    PORTLAND, Ore., March 26 - </DATELINE><BODY>Flight Dynamics Inc said Robert
+L. Carter has stepped down as chairman but will continue as a
+director.
+    The company said Carter has been succeeded by John H.
+Geiger, who had been president and chief executive officer
+since 1985.
+    Geiger's post, in turn, has been filled by John P. Desmond,
+previously executive vice president and chief operating
+officer, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15774" NEWID="10253">
+<DATE>26-MAR-1987 18:56:14.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2883&#31;reute
+h f BC-BLASIUS-INDUSTRIES-IN   03-26 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLASIUS INDUSTRIES INC &lt;BLAS> 3RD QTR LOSS</TITLE>
+<DATELINE>    ERIE, Pa., March 26 - </DATELINE><BODY>Qtr ended Feb 28
+    Oper shr loss one ct vs profit 12 cts
+    Oper net profit 3,000 vs profit 218,000
+    Revs 12.0 mln vs 10.6 mln
+    Avg shrs 2,421,000 vs 1,602,000
+    Nine mths
+    Oper shr profit 28 cts vs profit 24 cts
+    Oper net profit 639,000 vs profit 500,000
+    Revs 34.6 mln vs 31.2 mln
+    Avg shrs 1,928,000 vs 1,620,000
+    Note: Oper excludes tax credits of 180,000 and 415,000 for
+year-ago qtr and nine mths.
+    Oper includes writeoff related to subordinated note
+exchange of 185,000 for current qtr and nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15775" NEWID="10254">
+<DATE>26-MAR-1987 19:01:25.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2889&#31;reute
+h f BC-GAINSCO-INC-&lt;GAIN>-4T   03-26 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAINSCO INC &lt;GAIN> 4TH QTR NET</TITLE>
+<DATELINE>    FORT WORTH, Texas, March 26 - 
+    </DATELINE><BODY>Shr nil vs four cts
+    Net 12,000 vs 140,000
+    Revs 4,446,000 vs 3,998,000
+    Avg shrs 4,364,000 vs 3,461,000
+    Year
+    Shr 60 cts vs 22 cts
+    Net 2,257,000 vs 774,000
+    Revs 18.3 mln vs 21.1 mln
+    Avg shrs 3,788,000 vs 3,461,000
+   
+    Note: Net includes realized gains on investments of 50,000
+vs 105,000 for qtr and 174,000 vs 202,000 for year.
+    Net also includes tax credit of 64,000 for year-ago 12
+mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15776" NEWID="10255">
+<DATE>26-MAR-1987 19:02:35.59</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f2892&#31;reute
+u f BC-GATT-WARNS-U.S.-ON-FE   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT WARNS U.S. ON FEDERAL BUDGET, PROTECTIONISM</TITLE>
+<DATELINE>     GENEVA, March 27 - </DATELINE><BODY>The United States' emphasis on its
+foreign trade deficit is misplaced and the country's real
+problem lies in its large federal budget deficit, the General
+Agreeement on Tariffs and Trade (GATT) said.
+     By stressing its record trade deficit of 169.8 billion
+dlrs last year, the U.S. Was fuelling protectionist pressure
+which threatens the world trading system, it said in an annual
+report.
+    The fundamental problem, the size of the U.S. Federal
+budget deficit, could be remedied only by cutting government
+spending or encouraging personal savings to finance the debt,
+it said.
+    GATT also predicted world trade would grow by only 2.5 pct
+in 1987 -- a full percentage point lower than in each of the
+previous two years.
+    GATT experts urged Washington to resist protectionism and
+instead seek macroeconomic changes to reduce the current
+account payments deficit -- higher private savings, lower
+investment and a smaller federal budget deficit.
+    Raising U.S. Trade barriers "would result in little or no
+reduction in the current account deficit. It would, however,
+increase inflation and reduce world trade," it said.
+    "The basic cause -- some combination of insufficient
+domestic savings and an excessive budget deficit -- would
+remain," the report said.
+    GATT economists said trade expansion would slow this year
+because of slower growth forecasts in Japan and some West
+European nations as they adjust production and workforces to a
+low dollar, risk of higher U.S. Inflation, concerns over Third
+World debt management and looming protectionism.
+    The report also said imbalances in the current accounts of
+Japan, West Germany and the U.S. Had increased in 1986.
+    The most likely explanation was that exchange rate changes
+were not backed by changes in macroeconomic policies, it added.
+    "Thus the prediction that these imbalances would be reduced
+as a result of the major realignment of exchange rates was not
+borne out last year," the report said.
+    GATT warned there was a risk of a sizeable increase in the
+U.S. Inflation rate under the combined impact of a rapidly
+expanding money supply and low dollar.
+    "Such a development could worsen the business climate by
+increasing uncertainty and pushing up interest rates, which, in
+turn, would adversely affect world trade."
+    But the report noted a surprising rise in imports to the
+United States, despite the dollar's depreciation which makes
+foreign products more expensive.
+    It suggested that resources idle in the U.S., Both human
+and in underutilised factories, were not geared to produce the
+goods and services sought from abroad.
+    World trade in manufactures grew by only three pct in 1986,
+about half of the rate of the previous year.
+    Trade in agricultural goods expanded by just one pct,
+continuing a stagnant pattern in that sector this decade, GATT
+said.
+    Developing countries' exports declined significantly, while
+their imports increased moderately, although full statistics
+are not available yet, GATT said.
+    The combined export earnings of 16 major indebted nations
+were sharply lower, and only five of them (Chile, Colombia,
+Philippines, South Korea, and Thailand) had higher exports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15777" NEWID="10256">
+<DATE>26-MAR-1987 19:13:04.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bolivia</D><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2904&#31;reute
+d f AM-andean   03-26 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIVIA TO PROPOSE ANDEAN SUMMIT WITH REAGAN</TITLE>
+<DATELINE>     LA PAZ, March 26 - </DATELINE><BODY>Bolivian president Victor Paz
+Estenssoro will propose to Andean Pact countries a summit
+meeting with U.S. President Reagan to take place in Venezuela
+in May, foreign minister Guillermo Bedregal announced.
+     He told reporters that the summit "if everything goes
+well" will possibly take place in one or two months.
+     "We are coordinating an eventual meeting of the Andean
+Pact presidents and President Reagan, which could take place in
+Venezuela in May", he said. The proposal is part of Bolivia's
+intention to relaunch the Andean Pact, he added.
+     The Andean Pact, formed by Colombia, Venezuela, Peru and
+Ecuador, is a sub-regional economic group set up in 1969 to
+counteract economic progress of other more developed South
+American countries, such as Argentina and Brazil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15778" NEWID="10257">
+<DATE>26-MAR-1987 19:22:23.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2906&#31;reute
+u f BC-N.ZEALAND-BUDGET-DEFI   03-26 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.ZEALAND BUDGET DEFICIT SEEN AT 2.45 BILLION DLRS</TITLE>
+<DATELINE>    WELLINGTON, March 27 - </DATELINE><BODY>New Zealand's budget deficit for
+fiscal 1986/87 ending March 31 is expected to be around the
+budget forecast of 2.45 billion N.Z. Dlrs but below a December
+forecast of 2.91 billion, Finance Minister Roger Douglas said.
+    The 1985/86 budget deficit was 1.87 billion dlrs.
+    "It is clear now that the March tax flow has been
+considerably stronger than expected in some areas, particularly
+provisional and terminal tax..," Douglas said in a statement.
+    Overall tax revenue is now expected to be around 600 mln
+dlrs above forecast, though there is some uncertainty about
+revenue from the final goods and services tax and March income
+tax payments, he added.
+    "Net expenditure also appears to be tracking to end-of-year
+forecast with the expectation that over-expenditure in some
+areas will be offset by under-expenditure in others," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15779" NEWID="10258">
+<DATE>26-MAR-1987 19:28:42.96</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2909&#31;reute
+d f BC-OREGON-ALUMINUM-SMELT   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OREGON ALUMINUM SMELTER INCREASING OUTPUT</TITLE>
+<DATELINE>    THE DALLES, Ore., March 26 - </DATELINE><BODY>Northwest Aluminum Co said it
+will open a second pot line in mid-May, bringing the smelter
+here to 80 pct of its production capacity.
+    Northwest Aluminum President Brett Wilcox, who leased the
+30-year-old smelter from Martin Marietta Corp., said production
+would increase from around 45 tons a year at present to just
+over 70 tons.
+    Martin Marietta closed and mothballed the smelter in 1984.
+Northwest Aluminum reopened it last December.
+    Wilcox said a good aluminum market and several months of
+successful operation led to the decision to expand production.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15780" NEWID="10259">
+<DATE>26-MAR-1987 19:32:21.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2913&#31;reute
+b f BC-BANK-OF-JAPAN-TO-SELL   03-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 400 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The Bank of Japan will sell today 400
+billion yen of government financing bills in a 24-day
+repurchase agreement due April 20 to soak up a projected money
+market surplus, money traders said.
+    The yield on the bills for sale to banks and securities
+houses from money houses will be 3.9505 pct against the 3.9375
+pct discount rate on one-month commercial bills and the 4.50/37
+pct yield on one-month certificates of deposit today.
+    Today's surplus is seen at 480 billion yen, mainly excess
+bank holdings due to big Bank of Japan dollar purchases on
+March 25. Outstanding bills will total some 2,300 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15781" NEWID="10260">
+<DATE>26-MAR-1987 19:43:08.71</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2915&#31;reute
+f f BC-Japan-February-consum   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan February consumer prices unchanged (0.4 pct January drop) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15782" NEWID="10261">
+<DATE>26-MAR-1987 19:44:08.04</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2916&#31;reute
+b f BC-JAPAN-CONSUMER-PRICES   03-26 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CONSUMER PRICES UNCHANGED IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Japan's consumer price index (base 1985)
+was unchanged at 99.7 in February from a month earlier, the
+government's Management and Coodination Agency said.
+    The index showed a 0.4 pct drop in January.
+    The February index was down one pct from a year earlier for
+the third consecutive year-on-year drop.
+    In January, the index fell 1.1 pct from a year earlier, the
+first drop of over one pct since a 1.3 pct drop in September
+1958.
+    In February petrol prices increased but winter clothing
+prices stayed low and vegetable prices fell.
+    The February year on year fall was due to lower vegetable,
+fuel oil, petrol, electricity and gas prices, and despite
+higher housing, education, footwear and clothing costs.
+    The unadjusted consumer price index for the Tokyo area
+(base 1985) in mid-March rose 0.4 pct from a month earlier to
+100.6, reflecting higher vegetable prices.
+    The index fell 0.3 pct year on year, the third consecutive
+yearly drop, reflecting lower food and utility costs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15783" NEWID="10262">
+<DATE>26-MAR-1987 20:07:37.71</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2925&#31;reute
+u f BC-N.Z.-FOREIGN-RESERVES   03-26 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. FOREIGN RESERVES FALL SLIGHTLY IN FEBRUARY</TITLE>
+<DATELINE>    WELLINGTON, March 27 - </DATELINE><BODY>New Zealand's official foreign
+reserves fell slightly to 7.13 billion N.Z. Dlrs in February
+from 7.15 billion in January but were sharply above 2.85
+billion in February 1986, the Reserve Bank said in its weekly
+statistical release.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15784" NEWID="10263">
+<DATE>26-MAR-1987 20:17:58.35</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2927&#31;reute
+f f BC-Bank-of-Japan-buys-do   03-26 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bank of Japan buys dollars around 149.00 yen - Tokyo dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15785" NEWID="10264">
+<DATE>26-MAR-1987 20:33:37.09</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2929&#31;reute
+u f BC-WHITE-HOUSE-PANEL-SAI   03-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE PANEL SAID URGING JAPAN RETALIATION</TITLE>
+<DATELINE>    WASHINGTON, March 26 - </DATELINE><BODY>The White House Economic Policy
+Council decided to recommend trade sanctions against Japan for
+violations of the U.S.-Japanese semiconductor agreement,
+industry sources said.
+    They would give no details, noting that the White House had
+not commented on the decision. The administration has been
+under pressure to retaliate.
+    There was no immediate announcement on the council's
+decision, but U.S. Officials said it was likely the senior
+policy group's move on curbs reflected growing American
+frustration over alleged unfair Japanese trade practices.
+    U.S. Officials said President Reagan would probably act on
+the recommendations in a day or so, after consulting with aides
+on the foreign policy implications of retaliation.
+    The officials said Reagan might delay retaliation for a
+last try to persuade Japan to abide by the agreement reached
+last July governing trade in semiconductors.
+    Under a pact reached last July, Japan was to stop dumping
+semiconductors in world markets and to open its own market to
+U.S.-made semiconductors.
+    In return, the U.S. Agreed to hold up imposing anti-dumping
+duties on Japanese semiconductor shipments.
+    The United States said that dumping has stopped in the U.S.
+Market but has continued in third countries, and that the
+Japanese market remains closed.
+    The pressure on Reagan to retaliate included a unanimous
+call by the Senate last week to impose penalties on Japanese
+high technology products containing semiconductors.
+    A call for retaliation also came from the semiconductor
+industry and from its chief trade union.
+    U.S. Officials said the most likely move against Japan
+would involve duties on semiconductor-based goods, such as
+televisions, video cassette recorders and computers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15786" NEWID="10265">
+<DATE>26-MAR-1987 21:36:32.52</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2964&#31;reute
+u f BC-NAKASONE-TO-VISIT-WAS   03-26 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE TO VISIT WASHINGTON IN LATE APRIL</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone will
+make an official week-long visit to the United States from
+April 29 and hold talks in Washington with President Reagan,
+Chief Cabinet Secretary Masaharu Gotoda told reporters.
+    Government sources said Nakasone would try to resolve
+growing bilateral trade friction and discuss the June Venice
+summit of Western industrial democracies.
+    Foreign Minister Tadashi Kuranari will accompany Nakasone,
+ministry officials said.
+    U.S. Industry sources in Washington said the White House
+Economic Policy Council was recommending trade sanctions
+against Japan for violating the two countries' agreement on
+semiconductor trade.
+    Under the pact, Japan pledged to stop dumping microchips in
+the U.S. And Asia and open its domestic market to U.S.
+Semiconductors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15787" NEWID="10266">
+<DATE>26-MAR-1987 21:43:27.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2970&#31;reute
+u f BC-MEXICO-DENIES-BRITISH   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO DENIES BRITISH BANKS BALKING AT DEBT DEAL</TITLE>
+<DATELINE>    MEXICO CITY, March 26 - </DATELINE><BODY>Mexico denied reports that British
+banks are resisting signing a 76 billion dlr new loan and
+rescheduling package.
+    In a statement, the Finance Ministry said the process for
+formalizing the package was going as planned.
+    Banking sources in London had been quoted earlier as saying
+the British banks were balking at signing the package in an
+effort to get all participants to contribute equally to a new
+7.7 billion dlr loan contained in the deal.
+    However, the Finance Ministry statement said all the
+British banks had promised their participation in the loan.
+    "The contribution of each one of them corresponds exactly to
+the request of the Mexican government," the statememt said.
+    The ministry said Citibank, which chairs Mexico's bank
+advisory committee, has received cables from the British banks
+"confirming said commitment."
+    The ministry said the books on the package would be closed
+by mid-April and the first 3.5 billion dlrs of the new money
+should arrive by the end of the month.
+    It also said French, Swiss and "some" Canadian banks had
+subscribed to the package and that the remaining Canadian banks
+would sign the accord in the next few days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15788" NEWID="10267">
+<DATE>26-MAR-1987 21:57:42.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2973&#31;reute
+u f BC-TAIWAN-TO-ISSUE-12-BI   03-26 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN TO ISSUE 12 BILLION DLRS WORTH OF BONDS</TITLE>
+<DATELINE>    TAIPEI, March 27 - </DATELINE><BODY>Taiwan's Central Bank will issue 12
+billion Taiwan dlrs worth of savings bonds on April 13 to help
+curb M-1b money supply, which rose by a seasonally adjusted
+48.22 pct in the year to end-February, a bank spokesman told
+Reuters.
+    He said the new bonds, repayable in one to two years, carry
+interest rates ranging from five to 5.25 pct.
+    The bank issued 20 billion dlrs of similar bonds between
+February 16 and March 9.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15789" NEWID="10268">
+<DATE>26-MAR-1987 22:01:16.89</DATE>
+<TOPICS><D>trade</D><D>grain</D><D>wheat</D><D>tea</D><D>coffee</D><D>iron-steel</D><D>crude</D></TOPICS>
+<PLACES><D>india</D><D>ussr</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2974&#31;reute
+u f BC-INDIA-STEPS-UP-COUNTE   03-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA STEPS UP COUNTERTRADE DEALS TO CUT TRADE GAP</TITLE>
+<AUTHOR>    By Ajoy Sen, Reuters</AUTHOR>
+<DATELINE>    NEW DELHI, March 27 - </DATELINE><BODY>India is searching for non-communist
+countertrade partners to help it cut its trade deficit and
+conserve foreign exchange.
+    Wheat, tobacco, tea, coffee, jute, engineering and
+electronic goods, as well as minerals including iron ore, are
+all on offer in return for crude oil, petroleum products,
+chemicals, steel and machinery, trade sources told Reuters.
+    Most of the impetus behind countertrade, which began in
+1984, comes from two state trading firms -- the State Trading
+Corp (STC) and the Minerals and Metals Trading Corp (MMTC).
+    "The two state trading corporations are free to use their
+buying power in respect to bulk commodities to promote Indian
+exports," a commerce ministry spokeswoman said, adding that
+private firms are excluded from countertrading.
+    One trade source said India has targetted countries that
+depend on an Indian domestic market recently opened to foreign
+imports.
+    However, countertrade deals still make up only a small part
+of India's total trading and are likely to account for less
+than eight pct of the estimated 18.53 billion dlrs in trade
+during the nine months ended December, the sources said.
+    Countertrade accounted for just five pct of India's 25.65
+billion dlrs in trade during fiscal 1985/86 ended March,
+against almost nothing in 1984/85, official figures show.
+    However, the figures exclude exchanges with the Eastern
+Bloc paid in non-convertible Indian rupees, the sources said.
+    Total trade with the Soviet Union, involving swaps of
+agricultural produce and textiles for Soviet arms and crude
+oil, is estimated at 3.04 billion dlrs in fiscal 1986/87,
+against three billion in 1985/86.
+    Indian countertrade, which is being promoted mainly to help
+narrow the country's large trade deficit, is still
+insignificant compared with agreements reached by Indonesia,
+Venezuela and Brazil, the trade sources said.
+    The trade deficit, which hit an estimated record 6.96
+billion dlrs in 1985/86, is expected to decline to 5.6 billion
+in the current fiscal year.
+    But the push to include non-communist countries in
+countertrade is also due to other factors, including the slow
+growth of foreign reserves, a tight debt repayment schedule,
+shrinking aid and trade protectionism, businessmen said.
+    One source said India is showing more dynamism in promoting
+countertrade deals than in the past, when the deals were made
+discreetly because they break GATT rules. As a member of the
+General Agreement on Tariffs and Trade (GATT), India cannot
+officially support bartering.
+    The MMTC's recent countertrade deals include iron ore
+exports to Yugoslavia for steel structures and rails.
+    "MMTC's recent global tenders now include a clause that
+preference will be given to parties who accept payment in kind
+for goods and services sold to India," a trade official said,
+adding that the policy remains flexible.
+    "We also take into account other factors such as prices at
+which the goods and services are offered to India," the trade
+official said.
+    Early this year the commerce ministry quietly told foreign
+companies interested in selling aircraft, ships, drilling rigs
+and railway equipment to India that they stood a better chance
+if they bought Indian goods or services in return, the trade
+sources said.
+    Illustrating the point, the official said a South Korean
+firm recently agreed to sell a drilling platform worth 40 mln
+dlrs to the state-run Oil and Natural Gas Commission.
+    In return, the South Koreans gave a verbal assurance to buy
+Indian goods worth 10 pct of the contract, against the 25 pct
+sought by New Delhi, the trade official said.
+    "We selected the Korean firm because its bid was the lowest,"
+he added.
+    Countertrade is helping African countries short of foreign
+currency to import goods. India has signed a trade protocol to
+buy up to 15,000 tonnes of asbestos fibre from Zimbabwe in
+exchange for Indian goods, including jute bags and cars.
+    But despite India's new drive, countertrade has some
+inherent problems, they added.
+    "It is not always easy to meet the basic requirement that
+the trade should always be balanced," one trade source said. "The
+other problem is it is often difficult to supply or buy
+commodities which the other party wants."
+    Another added, "Barter is also restrictive. We look upon it
+as a temporary measure to get over the current balance of
+payments difficulty.
+    "This is why countertrade has not been made a law in India.
+It does not even figure in the country's foreign trade policy."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15790" NEWID="10269">
+<DATE>26-MAR-1987 22:17:11.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2986&#31;reute
+u f BC-NTT-CONSIDERING-BUYIN   03-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NTT CONSIDERING BUYING CRAY SUPERCOMPUTER</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>&lt;Nippon Telegraph and Telephone Co> (NTT)
+is considering buying a Cray II supercomputer worth some three
+billion yen from Cray Research Inc &lt;CYR>, and a decision is
+expected in early April, an NTT official said.
+    He told Reuters NTT was considering the Cray machine
+because of its superior operational speed and memory capacity,
+and not because of any pressure to buy foreign hardware.
+    Industry sources said foreign frustration was growing over
+lack of access to Japan's semiconductor and telecommunications
+markets, and Washington had criticised Japanese government
+agencies for not buying U.S. Supercomputers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15791" NEWID="10270">
+<DATE>26-MAR-1987 22:24:33.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2991&#31;reute
+u f BC-JAPAN-LIKELY-TO-ALLOW   03-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN LIKELY TO ALLOW FOREIGN FUTURES MARKET USE</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The finance ministry appears ready to
+allow Japanese financial institutions to use overseas financial
+futures markets, a ministry official said.
+    He declined to say when, but banking sources expect
+approval as early as April. Banks, securities houses and
+insurance companies are expected to become eligible to deal in
+deposit, interest rate, bond and stock index futures.
+    Ministry officials said they are wary of giving permission
+to individuals or corporations because of their relative
+inexperience.
+    Broking for Japanese residents by financial institutions
+would be prohibited as securities exchange laws bar banks from
+doing this, the banking sources said.
+    Overseas subsidiaries and branches of Japanese banks and
+securities houses have already been allowed to use the overseas
+futures markets on their own accounts.
+    The Finance Ministry Ordinance based on Foreign Exchange
+Administration Law will have to be revised to allow local
+institutions to join the overseas markets, a ministry official
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15794" NEWID="10271">
+<DATE>26-MAR-1987 22:30:48.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2995&#31;reute
+b f BC-JAPAN-DRAFT-ECONOMIC   03-26 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DRAFT ECONOMIC PACKAGE DUE IN EARLY APRIL</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone has told
+his ruling Liberal Democratic Party (LDP) to come up with a
+draft economic package in early April in time for his visit to
+Washington starting on April 29, government officials said.
+    Nakasone also instructed the government's Economic Planning
+Agency (EPA) to work closer with the LDP to work out a
+full-fledged economic plan to boost domestic demand as pledged
+at last month's Paris currency stability accord by six
+industrial countries, the officials told Reuters.
+    The date for the government to announce its package, based
+on the LDP's suggested measures, is not yet known but it may be
+before the fiscal 1987 budget passes the Parliament around late
+May, the officials said.
+    The government has said in the past the package should come
+after the passage of the budget.
+    But calls have grown at home and abroad for the government
+to announce it earlier as budget debates have been stalled by
+an opposition boycott of parliamentary business in protest at a
+planned five pct sales tax.
+    EPA chief Tetsuo Kondo told a press conference he sees a
+need to work on the economic plan early although the
+government's stance on the date for the plan remains the same,
+an EPA spokesman said.
+    Projected measures include promoting house construction,
+infrastructure and urban development, he quoted Kondo as
+saying.
+    Under last month's Paris currency agreement, Japan promised
+to work out a comprehensive economic plan to stimulate domestic
+demand, increase imports and so help reduce its huge trade
+surplus.
+    The government announced today Nakasone will visit
+Washington on April 29 for a week to discuss bilateral issues,
+including the trade imbalance, with President Reagan and other
+officials.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15792" NEWID="10272">
+<DATE>26-MAR-1987 22:45:35.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3003&#31;reute
+u f BC-BP-AUSTRALIA-REPORTS   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP AUSTRALIA REPORTS 16.15 MLN DLR YEAR LOSS</TITLE>
+<DATELINE>    MELBOURNE, March 27 - </DATELINE><BODY>The &lt;British Petroleum Co of
+Australia Ltd> reported a 16.15 mln dlr net loss for 1986
+against a 73.38 mln dlr profit in 1985 after sales fell to 2.27
+billion dlrs from 2.94 billion.
+    The British Petroleum Co Plc &lt;BP.L> unit attributed the
+deficit to stock losses arising from the drop in crude prices
+in the first half, when it made a 119.93 mln dlr loss.
+    It said government compensation, in the form of subsidies
+to refiners to partially cover stock losses, together with
+improved crude prices in the second half, enabled the group's
+oil business to make a modest pre-tax profit.
+    BP Australia said it had not recommended a dividend.
+    Commenting on the year's performance, the company said it
+suspended operations at the 60 pct-owned Agnew Nickel mine
+because of losses sustained from declining nickel prices.
+    The results also included an 11.3 mln dlr extraordinary
+writedown on the value of the laid-up oil exploration drillship
+Regional Endeavour.
+    BP Australia said it had sold its 33-1/3 stake in chemical
+maker &lt;CSBP and Farmers Ltd> yielding an extraordinary profit
+of 18.9 mln dlrs and expected to finalise the sale of the 80
+pct-owned &lt;Kwinana Nitrogen Co> in the first half of 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15793" NEWID="10273">
+<DATE>26-MAR-1987 23:02:15.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3012&#31;reute
+u f BC-NISSAN-&lt;NSAN.T>,-LANC   03-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN &lt;NSAN.T>, LANCER IN FORKLIFT AGREEMENT</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Japan's Nissan Motor Co Ltd said it and
+&lt;Lancer Boss Group Ltd> of the U.K. Have agreed to cooperate on
+the design and manufacture of forklift trucks.
+    Under the accord, Lancer will start making jointly designed
+trucks at its plant in Moosburg, West Germany, from July with
+production reaching 300 three-wheeled and 100 four-wheeled
+trucks by end-March 1988. Output will be doubled from April 1,
+1988, a Nissan spokeswoman said.
+    Nissan will start selling the three-wheelers under its
+brand-name later this year and the four-wheelers from the end
+of 1987, the company said.
+    The equipment manufacturing agreement with Lancer is a
+precaution against the European Community's (EC) January 1987
+restriction on forklift truck exports to the EC, industry
+sources said.
+    Nissan exports 70 pct of its annual output of 16,000
+forklift trucks, shipping 2,548 units to the EC in 1986, the
+spokeswoman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15795" NEWID="10274">
+<DATE>26-MAR-1987 23:06:08.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3016&#31;reute
+u f BC-JAPAN-TO-INTRODUCE-YE   03-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO INTRODUCE YEN COMMERCIAL PAPER IN OCTOBER</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The Finance Ministry is expected to
+introduce yen commercial paper, CP, from October 1 in response
+to growing calls from corporations, ministry sources said.
+    Around 200 corporations satisfy financial standards set by
+securities houses for non-collateral straight bond issues,
+including electric power companies, &lt;Nippon Telegraph and
+Telephone Corp> and Kokusai Denshin Denwa Co Ltd, securities
+managers said.
+    Most eligible firms would have to set up special reserves
+for CP issues called backup lines, or be guaranteed by
+financial institutions to protect investors, they said.
+    The legal status of yen CP would be the same as yen
+commercial bills and it would be placed by an intermediary bank
+or securities house, securities managers said.
+    The minimum issue unit will be 100 mln yen, and maturities
+will be from 30 days and six months, they said.
+    Securities houses, banks, insurance companies and consumer
+credit companies are barred from CP issues, they said.
+    Only banks may be commissioned to handle the clerical
+business of principle payments, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15796" NEWID="10275">
+<DATE>26-MAR-1987 23:17:36.69</DATE>
+<TOPICS><D>iron-steel</D><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C
+&#22;&#22;&#1;f3021&#31;reute
+u f BC-JAPAN-SEAMLESS-PIPE-M   03-26 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SEAMLESS PIPE MAKERS TO FORM EXPORT CARTEL</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Four major Japanese steelmakers plan to
+form a seamless pipe export cartel for markets other than the
+U.S. And the European Community for a year from April to keep
+prices above output costs, company officials involved said.
+    The companies are Nippon steel Corp &lt;NSTC.T>, Sumitomo
+Metal Industries Ltd &lt;SMIT.T>, Nippon Kokan KK &lt;NKKT.T> and
+Kawasaki Steel Corp &lt;KAWS.T>, which together account for some
+95 pct of Japan's total seamless pipe exports.
+    The firms will apply to form the cartel to the Ministry of
+International Trade and Industry today and approval is expected
+later this month, the officials said.
+    Under the plan, the four companies will set floor prices
+for exports as prices have fallen sharply due to the yen's
+appreciation against the dollar, reduced world demand caused by
+lower oil prices and excess domestic capacity which resulted in
+price-cutting competition, the officials said.
+    In calendar 1986, seamless pipe exports fell to 2.34 mln
+tonnes from 2.99 mln in 1985 and 3.12 mln in 1981.
+    The officials declined to give any idea of floor prices,
+saying it depends partly on volume, but industry sources
+estimate average export prices would rise by around 20 pct to
+some 800 dlrs a tonne.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15797" NEWID="10276">
+<DATE>26-MAR-1987 23:24:02.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3024&#31;reute
+f f BC-Tokyo-stock-index-ris   03-26 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo stock index rises 401.21 points to record 21,960.00
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15798" NEWID="10277">
+<DATE>26-MAR-1987 23:50:26.84</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3038&#31;reute
+f f BC-ANZ-BANK-SAYS-IT-WILL   03-26 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ANZ BANK SAYS IT WILL CUT AUSTRALIAN PRIME TO 18.25 PCT FROM 18.5 ON MARCH 30
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15804" NEWID="10278">
+<DATE> 26-MAR-1987 23:52:19.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3039&#31;reute
+u f BC-NEC-CORP-TARGETS-HOME   03-26 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEC CORP TARGETS HOME ELECTRONICS BUSINESS</TITLE>
+<AUTHOR>    By Linda Sieg, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The president of Japan's biggest high
+technology firm, NEC Corp &lt;NIPN.T>, is anything but worried,
+despite growing anti-Japanese protectionism, a soaring yen, and
+a stagnant world electronics market.
+    "The company's structure was developed by looking ahead,"
+Tadahiro Sekimoto told Reuters in an interview.
+    "We assumed the era of a strong yen, trade friction and
+globalisation would arrive, and we moved ahead on that basis.
+There's no need to change our strategy now."
+    However, the world's largest manufacturer of microchips,
+the tiny silicon wafers which are the brains of most high
+technology products, knows it must keep looking ahead if it is
+to survive.
+    Hoping to build on existing strengths, NEC is now turning
+its focus on home electronics, an area of past weakness,
+Sekimoto said.
+    NEC wants to follow its corporate slogan "C and C" (Computers
+and Communications) to create high level home electronics that
+go beyond mere televisions and video tape recorders, Sekimoto
+said.
+    Home electronics accounted for only eight pct of NEC's
+total 2,334.67 billion yen sales on a consolidated basis in the
+year ended March 31, 1986.
+    Industry analysts say NEC is wise to target what will be a
+major growth market in the future, but some warn the company
+faces some stiff competition.
+    "This is where the market is going to be for a long time --
+in products that combine personal computers, video display and
+telecommunications networks," said Salomon Brothers (Asia) Ltd
+analyst Carole Ryavec. "But Matsushita (Electric Industrial Co
+Ltd) may be there first."
+    But Sekimoto argues that NEC's overall strengths will carry
+the day.
+    "Many companies are in the top 10 in computers or microchips
+or telecommunications, but none is in the top 10 in all three.
+NEC is unique in that respect," he said.
+    To help its already high rankings, NEC will further
+increase the high level of offshore production which makes it
+one of the most multinational of Japan's electronics firms.
+    The company will increase offshore output of all goods it
+sells overseas to 50 pct from a current 25 pct over the next
+several years, Sekimoto said.
+    But the firm plans to go it alone in expanding overseas,
+despite moving last year to become joint owner, along with
+France's Cie des Machines Bull &lt;BULP.P>, of U.S. Firm Honeywell
+Inc's &lt;HON> Information Systems unit.
+    "We hope to increase our share in the U.S. Market through
+the Honeywell tie-up. But our basic strategy is to take an
+independent and autonomous route," said Sekimoto.
+    The company also plans to maintain its independent line by
+continuing to make computers which are not compatible with
+those of International Business Machines Corp &lt;IBM>, he said.
+    "Among the Japanese competitors, only NEC hasn't been caught
+in software copyright disputes with IBM and our profits and
+market share have gradually expanded," Sekimoto said.
+    Once new ways of linking non-compatible computers are
+perfected, IBM compatibility will be irrelevant. "What will
+matter is the best hardware, the best software and the best
+ability to meet customers needs," Sekimoto said.
+    In fact, NEC, which has over half of Japan's personal
+computer market, may go to court to stop competitors selling
+cheaper machines which can run NEC software but infringe
+copyright on its operating system, an NEC spokesman said.
+    While industry analysts give NEC high marks for looking
+ahead, they note that it failed in forecasting microchip
+demand. Like other Japanese chipmakers, the firm was left with
+serious excess capacity when lean years followed the boom
+times.
+    But after two years of cutbacks in capital investment in
+the sector, Sekimoto thinks the time has come to boost spending
+again, if only slightly.
+    "We're not going to increase production. But we are going to
+invest in new product development and upgrade existing plant,"
+he said.
+    Despite NEC's admitted strengths, analysts note the company
+faces tough times due to stagnant markets.
+    "NEC has excellent worldwide capacity and technology, but
+they are caught in a downturn which may last a long time," said
+Salamon's Ryavec.
+    The company forecasts such troubles will slash parent net
+profits to 30 billion yen in the year ending March 31, 1987,
+down 43 pct from the previous year, although sales are expected
+to rise eight pct to 2,130 billion yen.
+    Profits will improve only slightly next year, rising to 38
+billion yen on sales of 2,350 billion, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15799" NEWID="10279">
+<DATE>27-MAR-1987 00:02:59.13&#5;&#5;&#5;RM</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#22;&#22;&#1;f0003&#31;reute
+b f BC-JAPAN-ADOPTS-STOP-GAP   03-27 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ADOPTS STOP-GAP BUDGET</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The government adopted an 8,829 billion
+yen stop-gap budget for fiscal 1987 starting April 1 to
+compensate for the delay in the passage through the Parliament
+of the full 1987/88 budget.
+    The provisional budget includes 1,862 billion yen in public
+works spending to help stimulate the economy and meet overseas
+demand for Japan to import more and reduce its huge trade
+surplus, officials said.
+    They said the stop-gap budget will be in effect for 50 days
+through May 20 and is the largest ever.
+    The budget includes 1,580 billion yen in new government
+bond issues.
+    Officials said the spending on public works accounts for
+about two-sevenths of the 6,017 billion yen in public works
+outlay set aside in the pending formal 1987/88 budget.
+    The planned full budget totals 54,101 billion yen.
+    The government had to work out the stop-gap budget because
+budget debates have been delayed by an opposition boycott of
+Parliamentary business in protest against a planned five pct
+sales tax.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15800" NEWID="10280">
+<DATE>27-MAR-1987 00:03:35.68&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0004&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-JARDINE-MATHESON-HOLD   03-27 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JARDINE MATHESON HOLDINGS LTD &lt;JARD.HKG> YEAR 1986</TITLE>
+<DATELINE>    HONG KONG, March 27 -
+    </DATELINE><BODY>Shr 126 H.K. Cents vs 42 (adjusted)
+    Final div 30 cents vs 10, making 40 vs 10
+    Net 479 mln dlrs vs 157 mln
+    Turnover 10.4 billion vs 10.5 billion
+    Note - Profits excluded extraordinary items 52 mln dlrs vs
+losses 426 mln. Dividend payable after general meeting on June
+4, books close April 22 to May 5.
+    Note - Bonus issue of four new "B" shares of par value 20
+cents each for every one share of par value two dlrs each,
+books close August 3 to 10.
+ REUTER N
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15801" NEWID="10281">
+<DATE>27-MAR-1987 00:03:38.98&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0005&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-BHP-CO-LTD-NET-PROFIT   03-27 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BHP CO LTD NET PROFIT 603.0 MLN DLRS FIRST THREE QTRS VS 813.0 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15802" NEWID="10282">
+<DATE>27-MAR-1987 00:03:45.90&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0006&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-JARDINE-MATHESON-HOLD   03-27 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JARDINE MATHESON HOLDINGS LTD &lt;JARD.HKG> YEAR 1986</TITLE>
+<DATELINE>    HONG KONG, March 27 -
+    </DATELINE><BODY>Shr 126 H.K. Cents vs 42 (adjusted)
+    Final div 30 cents vs 10, making 40 vs 10
+    Net 479 mln dlrs vs 157 mln
+    Turnover 10.4 billion vs 10.5 billion
+    Note - Profits excluded extraordinary items 52 mln dlrs vs
+losses 426 mln. Dividend payable after general meeting on June
+4, books close April 22 to May 5.
+    Note - Bonus issue of four new "B" shares of par value 20
+cents each for every one share of par value two dlrs each,
+books close August 3 to 10.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15803" NEWID="10283">
+<DATE>27-MAR-1987 00:06:38.47&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0009&#31;reute</UNKNOWN>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-Japan-February-indust   03-27 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan February industrial production rose 0.3 pct (0.5 pct January drop) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15805" NEWID="10284">
+<DATE>27-MAR-1987 00:09:53.77&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0012&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-THE-BROKEN-HILL-PTY-C   03-27 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE BROKEN HILL PTY CO LTD &lt;BRKN.S> NINE MONTHS</TITLE>
+<DATELINE>    MELBOURNE, March 27 - </DATELINE><BODY>First nine months ended Feb 28
+    Shr 47.4 cents vs 65.2
+    Net 603.0 mln dlrs vs 813.0 mln
+    Sales 6.52 billion vs 6.53 billion
+    Other income 454.9 mln vs 160.2 mln
+    Shrs 1.27 billion vs 1.03 billion.
+    Final div 20 cents vs same, making 37.5 vs same.
+    One-for-five bonus issue
+    Third qtr net 206.0 mln dlrs vs 238.6 mln
+    Third qtr sales 2.11 billion vs 2.10 billion.
+    NOTE - Div pay May 27. Div and bonus reg May 1. Nine months
+net is after tax 499.1 mln dlrs vs 722.6 mln, depreciation
+509.5 mln vs 427.3 mln, interest 366.8 mln vs 215.8 mln and
+minorities 15.3 mln vs 15.7 mln but before net extraordinary
+profit 60.7 mln vs profit 43.2 mln.
+    Nine month divisional net earnings before minorities were.
+    Petroleum 184.9 mln dlrs vs 472.4 mln
+    Minerals 254.6 mln vs 241.0 mln
+    Steel 148.2 mln vs 191.1 mln
+    Corporate items and investments profit 30.6 mln vs loss
+75.8 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15806" NEWID="10285">
+<DATE>27-MAR-1987 00:15:08.61&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0020&#31;reute</UNKNOWN>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-JAPAN-INDUSTRIAL-PROD   03-27 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN INDUSTRIAL PRODUCTION RISES IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Japan's industrial production index (base
+1980) rose 0.3 pct to a seasonally adjusted 122.7 in February
+from the previous month, the Ministry of International Trade
+and Industry said.
+    Output fell 0.5 pct in January from a month earlier.
+    The preliminary, unadjusted February index rose 0.6 pct
+from a year earlier after a 0.5 pct year-on-year rise in
+January
+    The adjusted February producers' shipment index (base 1980)
+rose 0.7 pct to 118.5 from January when it fell 0.7 pct from
+December.
+    The unadjusted shipment index rose 1.4 pct from a year
+earlier after a 1.0 pct year-on-year January gain.
+    The adjusted February index of producers' finished goods
+(base 1980) fell 1.3 pct to 104.5 from January when it fell 0.3
+pct from December.
+    The unadjusted index fell 3.5 pct from a year earlier after
+a 2.3 pct year-on-year drop in January.
+    A 2.7 pct rise by the electronics industry on higher output
+of facsimile machines and video tape recorders was a major
+contributor to the rise in February industrial output, though
+car production fell from January.
+    The official said industrial production is expected to rise
+3.2 pct in March on higher production by machinery, steel and
+chemical makers but will drop 3.4 pct in April on a downturn in
+the output of those industries. He gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15807" NEWID="10286">
+<DATE>27-MAR-1987 00:21:07.34&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0024&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-TOKYO-GROUP-DEVELOPS   03-27 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO GROUP DEVELOPS FASTER AIDS SCREEN</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>A Tokyo Medical College group said it had
+developed a five-minute method that may be the world's fastest
+way of screening people for the AIDS virus.
+    Lecturer Junko Renard told a meeting of the Japan Blood
+Transfusion Society new Latex Particle Agglutination Test used
+a light meter to identify acquired immune deficiency syndrome
+in blood mixed with a reagent and a latex rubber compound.
+    State officials said Japan will step up its anti-AIDS
+campaign with 340,000 posters and a telephone counselling
+service in 21 cities this month. It will also hand out 90,000
+books on AIDS diagnosis to hospitals and clinics.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15808" NEWID="10287">
+<DATE>27-MAR-1987 00:25:46.86&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0026&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-JAPAN-CONSTRUCTION-OR   03-27 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CONSTRUCTION ORDERS RISE IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Orders received in February by 50 major
+Japanese construction firms rose 2.7 pct to 841.68 billion yen
+from a year earlier for the third successive year-on-year gain,
+the construction ministry said.
+    Orders rose 1.7 pct from an upward revised 827.25 billion
+yen in January.
+    Orders in February from the private sector rose 17.0 pct
+from a year earlier to 614.26 billion yen, for the fourth
+consecutive year-on-year rise. This comes after a 37.3 pct rise
+in January from a year earlier, to a downward revised 598.09
+billion.
+    The February increase over a year earlier reflected a 23.9
+pct rise in orders from non-manufacturing industries, absorbing
+a 10.8 pct drop in those from manufacturers.
+    Public sector orders fell 17.8 pct from a year earlier to
+183.54 billion yen. There was an 11.4 pct year-on-year rise to
+160.74 billion in January.
+    Foreign orders were 20.08 billion yen, down 47.7 pct from a
+year before, after a 69.9 pct drop to an upward revised 43.61
+billion in January. Orders below 10 mln yen fell 27.7 pct from
+a year earlier to 23.80 billion yen. This was after a 5.9 pct
+decline to an upward revised 24.81 billion in January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15809" NEWID="10288">
+<DATE>27-MAR-1987 00:33:10.45&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0030&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-TELECOM-AUSTRALIA-OFF   03-27 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELECOM AUSTRALIA OFFERS 40 MLN DLR BONDS</TITLE>
+<DATELINE>    MELBOURNE, March 27 - </DATELINE><BODY>The Australian government
+telecommunications authority, Telecom Australia, said it will
+offer two bond maturities totalling 40 mln Australian dlrs for
+tender next week.
+    Telecom said in a statement that it will offer 12.5 pct
+March 1990 bonds and 13.0 pct February 1993 stock.
+    Bids close mid-morning local time on Monday.
+    Telecom said 52 mln dlrs of 1990 bonds and 10 mln dlrs of
+1993 bonds are already on issue.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15810" NEWID="10289">
+<DATE>27-MAR-1987 00:44:31.44&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0042&#31;reute</UNKNOWN>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-SOUTH-KOREA-PLANS-11-   03-27 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA PLANS 11-12 PCT BUDGET RISE IN 1988</TITLE>
+<DATELINE>    SEOUL, March 27 - </DATELINE><BODY>South Korea plans to increase the size of
+its budget in 1988 by 11 to 12 pct from this year's 15,596
+billion won, Economic Planning Board officials said.
+    The proposed boost is based on a government forecast that
+gross national product (gnp) will grow by more than 7.5 pct and
+the gnp deflator by 3.5 pct in 1988, against targets of 8.0 pct
+and 3.5 pct respectively this year, they said.
+    Details of the 1988 budget, in which spending will match
+revenue, have yet to be worked out, the officials said.
+    The balanced budget in 1986 totalled 13,800.5 billion won.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15811" NEWID="10290">
+<DATE>27-MAR-1987 00:46:26.73&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0044&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-AUSTRALIA'S-RULING-PA   03-27 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA'S RULING PARTY CONSIDERS SNAP POLL</TITLE>
+<DATELINE>    SYDNEY, March 27 - </DATELINE><BODY>Australia's ruling Labour Party is
+seriously considering a snap poll in May with the opposition in
+disarray after a leadership crisis, party officials said.
+    The election was discussed at a meeting of senior
+government advisers and leaders in Canberra last night, but a
+final decision is pending, the officials said.
+    Prime Minister Bob Hawke has said he prefers to wait until
+his term ends in early 1988, but the officials said he might be
+persuaded to call a poll as early as May 9, a week before a
+promised tough mini-budget. Public opinion polls give Labour a
+clear edge over the opposition Liberal-National coalition.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15812" NEWID="10291">
+<DATE>27-MAR-1987 00:58:20.16&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0046&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-JARDINE-MATHESON-PLAN   03-27 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JARDINE MATHESON PLANS FOUR-FOR-ONE BONUS ISSUE</TITLE>
+<DATELINE>    HONG KONG, March 27 - </DATELINE><BODY>Jardine Matheson Holdings Ltd
+&lt;JARD.HKG> said it planned a bonus issue of four new "B" shares
+of 20 H.K. Cents each for every ordinary share of par value two
+dlrs.
+    A company statement said the firm expects to pay a total
+1987 dividend of four cents per "B" share, while the "A" share
+dividend will be maintained at last year's level of 40 cents a
+share.
+    Jardine Matheson announced earlier a 205 pct jump in 1986
+net profits to 479 mln dlrs from 157 mln in 1985.
+    Shareholders' funds increased to 5.02 billion dlrs from
+4.77 billion in 1985, the statement said.
+    It quoted chairman Simon Keswick as saying Jardine Matheson
+achieved the good performance through satisfactory results in
+most sections, especially Hong Kong Land Co Ltd &lt;HKLD.HKG>,
+Jardine Fleming Co Ltd, and its business in Japan.
+    He said the group's stake of about 35 pct in Hong Kong
+Land, which will be lowered to 26 pct after the completion of a
+reorganisation, is "a long term investment and now stands at a
+level which causes us no financial strain or problems of asset
+imbalance."
+    Keswick said the issue of new "B" shares will give the group
+"the flexibility in the future to issue ordinary shares for
+expansion without jeopardising the shareholding stability which
+has been brought about through the group's recent
+restructuring."
+    He said the new issue is pending approval from both the
+firm's shareholders and warrant holders, adding an appropriate
+adjustment will be made to the warrant exercise price.
+    The Jardine group has nearly completed its reorganisation,
+with Jardine Matheson transferring its control of Hk Land to
+the new unit &lt;Jardine Strategic Holdings Ltd>.
+    Jardine Strategic will also hold majority stakes in the two
+companies spun off from Hk Land -- &lt;Mandarin Oriental
+International Ltd> and &lt;Dairy Farm International Holdings Ltd>
+-- plus cross holdings with Jardine Matheson.
+    Jardine Matheson, which had debts of about 2.7 billion dlrs
+last year, will become debt free after the restructuring.
+    "A positive cash flow from operations and disposals,
+continuing into 1987, has transformed our balance sheet,"
+Keswick said. He noted the firm last year sold interests in
+airfreight operations, Australian properties and trucking
+business, and its remaining U.S. Oil and gas activities.
+    Jardine Matheson decided to make a provision against its
+general trading business in the Middle East in view of the
+continuing weakness of oil prices, Keswick said. But he said
+the operations would be profitable in the longer term.
+    He said the firm's function "has evolved into one primarily
+of strategy, structure and financial and personnel policy."
+    He said Jardine Matheson will reduce the size of the board
+of directors but will simultaneously create a new Pacific
+regional board. He gave no further details of the change.
+    Jardine Matheson shares rose 20 cents to 24.90 dlrs at
+midday on the Hong Kong stock market. In early trading it had
+fallen to 24.30 dlrs because of rumours yesterday that the firm
+planned a rights issue.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15813" NEWID="10292">
+<DATE>27-MAR-1987 01:17:33.75&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0049&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-BHP-SEES-STRONG-FOURT   03-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BHP SEES STRONG FOURTH QUARTER BUT LOWER YEAR NET</TITLE>
+<DATELINE>    MELBOURNE, March 27 - </DATELINE><BODY>The Broken Hill Pty Co Ltd &lt;BRKN.S>
+said it expects a strong full year result, helped by sigificant
+investment allowance credits in the fourth quarter, but net
+will fall short of the record 988.2 mln dlrs earned in 1985/86
+ended May 31.
+    The group earlier reported its net earnings dropped to
+603.0 mln dlrs in the first three quarters ended February 28
+from 813.0 mln a year earlier.
+    Third quarter net fell to 206.0 mln dlrs from 238.6 mln a
+year earlier and 220.3 mln in the second quarter ended November
+31, BHP said in a statement.
+    Earnings in the first nine months were at the lower end of
+share analysts' forecasts yesterday of a range of 600 mln to
+620 mln dlrs.
+    BHP held its annual dividend unchanged at 37.5 cents after
+declaring a steady final dividend of 20 cents and announced a
+one-for-five bonus issue to shareholders registered May 1.
+    The bonus is being made from reserves which will not
+qualify for tax-free distribution after the introduction of
+dividend imputation next July 1.
+    The bonus shares will not rank for the final dividend, BHP
+said.
+    BHP said it should not be expected that the present rate of
+dividend will be maintained on the increased capital.
+    The level of future dividends will be influenced by the
+implications of the proposed dividend imputation legislation,
+it said.
+    As previously reported, dividends will become tax-free in
+shareholders' hands provided they are paid out of profits that
+have borne the full 49 pct company tax rate.
+    BHP, which confined comment to the third quarter, said
+petroleum net earnings dropped to 98.8 mln dlrs from 139.6 mln
+a year earlier, and steel profit to 27.0 mln from 48.8 mln.
+    BHP said the petroleum division earnings fall reflected
+generally lower oil prices and sales volumes from Bass Strait
+while the steel decline was due to a five pct fall in domestic
+sales and higher costs associated with the commissioning of new
+plant and some operational difficulties.
+    The rise in third quarter minerals net to 95.7 mln dlrs
+from 81.5 mln a year earlier largely reflected the increase in
+ownership of the Mt Newman iron ore project, it said.
+    The 60.7 mln dlr extraordinary gain, all in the third term,
+reflected a 240.7 mln profit on the sale of &lt;Blue Circle
+Southern Cement Ltd> offset by a U.S. Oil acreage writedown.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15814" NEWID="10293">
+<DATE>27-MAR-1987 01:21:21.63&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0051&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-Tokyo-share-average-r   03-27 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo share average rises 467.87 to record 22,026.66 close
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15815" NEWID="10294">
+<DATE>27-MAR-1987 01:35:42.65&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0059&#31;reute</UNKNOWN>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-Japan-Feb-current-acc   03-27 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan Feb current account surplus 7.38 billion dlrs (Jan 4.95 billion surplus)
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15816" NEWID="10295">
+<DATE>27-MAR-1987 01:37:30.12&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0064&#31;reute</UNKNOWN>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-Japan-February-trade   03-27 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan February trade surplus 8.14 billion dlrs (January 5.70 billion surplus)
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15817" NEWID="10296">
+<DATE>27-MAR-1987 01:39:44.09&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0067&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-NO-AUSTRALIAN-TREASUR   03-27 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO AUSTRALIAN TREASURY NOTE TENDER NEXT WEEK</TITLE>
+<DATELINE>    SYDNEY, March 27 - </DATELINE><BODY>The Reserve Bank said it will not offer
+any treasury notes for tender next week.
+    Last week the Bank offered 400 mln dlrs of 13-week notes
+and 100 mln dlrs of 26-week notes.
+    Analysts said the Bank's decision not to offer stock next
+week reflects the higher demand for funds at the start of the
+system of provisional tax payments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15818" NEWID="10297">
+<DATE>27-MAR-1987 01:47:20.85&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0068&#31;reute</UNKNOWN>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-JAPAN-FEBRUARY-CURREN   03-27 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FEBRUARY CURRENT ACCOUNT, TRADE SURPLUS JUMP</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Japan's current account surplus rose to
+7.38 billion dlrs in February from 3.89 billion a year ago and
+from 4.95 billion in January, the Finance Ministry said.
+    The trade surplus rose to 8.14 billion dlrs in February
+from 4.77 billion a year earlier and 5.70 billion in January.
+    The long-term capital account deficit widened to 11.40
+billion dlrs from 8.06 billion a year ago, but it narrowed from
+12.32 billion in January, the Ministry said.
+    Japan's February exports rose to 16.74 billion dlrs from
+14.89 billion in February 1986 and from 14.65 billion in
+January, the Ministry said. Imports fell to 8.61 billion from
+10.12 billion a year earlier and 8.94 billion in January.
+    The invisible trade deficit fell to 617 mln dlrs in
+February from 693 mln a year earlier, but was up from a 527 mln
+deficit in January.
+    Figures do not tally exactly because of rounding.
+    Transfer payments narrowed to a 140 mln dlr deficit last
+month from a 185 mln deficit a year earlier and a 225 mln
+deficit in January.
+    The basic balance of payments deficit in February fell to
+4.02 billion dlrs from 4.17 billion in February 1986 and 7.37
+billion in January. Short-term capital account payments swung
+to a 1.28 billion dlr deficit in February from a 1.60 billion
+surplus a year earlier and a 1.44 billion dlr surplus in
+January.
+    Errors and omissions were 2.65 billion dlrs in surplus,
+compared with a 1.27 billion surplus a year earlier and a 1.10
+billion deficit in January. The overall balance of payments
+deficit rose to 2.65 billion dlrs from 1.30 billion a year
+earlier but was down from 7.04 billion in January.
+    The seasonally adjusted trade surplus fell to 9.16 billion
+dlrs in February from the record 9.58 billion in January, the
+Ministry said.
+    The seasonally adjusted current account surplus also
+dropped to 8.4 billion dlrs in February from the record 8.83
+billion set in January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15819" NEWID="10298">
+<DATE>27-MAR-1987 01:51:10.15&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0072&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-JAPAN-STORE-SALES-RIS   03-27 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN STORE SALES RISE IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Department store and supermarket sales in
+February rose 3.7 pct from a year earlier to 1,080 billion yen,
+after a 2.6 pct year-on-year gain in January, boosted by higher
+sales of clothes and food at department stores, the Ministry of
+International Trade and Industry said.
+    The unadjusted total included department store sales of 559
+billion yen, up 5.1 pct from a year earlier, and supermarket
+sales of 521 billion, up 2.4 pct.
+    The seasonally adjusted store sales index (base 1985) fell
+1.5 pct to a preliminary 106.7 in February from 108.3 in
+January compared with 102.9 a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15820" NEWID="10299">
+<DATE>27-MAR-1987 02:17:09.88&#5;&#5;&#5;T C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0093&#31;reute</UNKNOWN>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-PHILIPPINES-TO-LOBBY   03-27 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES TO LOBBY U.S. FOR HIGHER SUGAR QUOTA</TITLE>
+<DATELINE>    MANILA, March 27 - </DATELINE><BODY>The Philippines will ask the U.S.
+Agriculture Department (USDA) to increase its 1987 sugar import
+quota following market reports that Taiwan will not be able to
+fulfil its quota, Sugar Regulation Administration (SRA)
+chairman Arsenim Yulo said.
+    Yulo told Reuters the SRA would also protest a USDA move to
+award Taiwan's shortfall to the Dominican Republic.
+    The Dominican Republic already has a larger sugar quota,
+Yulo said. "Any Taiwanese shortfall should be awarded to the
+Philippines or at the least we should share a hike with the
+Dominican Republic."
+    The USDA last December listed 1987 sugar import quota
+allocations for the Dominican Republic at 160,160 short tons
+and for Taiwan at 10,920 short tons.
+    The Philippines has said it was badly hit by a cut in its
+quota to 143,780 short tons from 231,660 in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15821" NEWID="10300">
+<DATE>27-MAR-1987 02:38:09.32&#5;&#5;&#5;G C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0108&#31;reute</UNKNOWN>
+<TOPICS><D>oilseed</D><D>veg-oil</D><D>castorseed</D><D>castor-oil</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-INDIA'S-1986/87-CASTO   03-27 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA'S 1986/87 CASTOR OIL EXPORTS FALL - TRADERS</TITLE>
+<DATELINE>    NEW DELHI, March 27 - </DATELINE><BODY>India's castor oil exports are
+provisionally estimated at 30,000 tonnes in fiscal 1986/87,
+ending March 31, against 54,000 tonnes in 1985/86 due to a
+shortfall in the domestic castorseed crop, private traders
+said.
+    Drought in parts of the country is expected to reduce the
+castorseed crop to a provisionally estimated 350,000 tonnes in
+1986/87 from 550,000 tonnes in 1985/86, they told Reuters.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15822" NEWID="10301">
+<DATE>27-MAR-1987 03:13:03.19&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0132&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>india</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-INDIA-REPORTEDLY-ALLO   03-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA REPORTEDLY ALLOWED TO BUY U.S. SUPERCOMPUTER</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>The U.S. Has approved the sale of a
+U.S.-made supercomputer to India while rejecting its request
+for a more powerful model, the New York Times reported.
+    India wanted to buy a powerful supercomputer, such as the
+Cray X-MP with two processors running in tandem, but the Times
+said U.S. Officials offered a choice of machines with a single
+processor, several generations behind the Cray X-MP.
+    The paper, citing unnamed U.S. Officials, said the Indian
+government was told of the decision last week, but has so far
+given no formal indication that it is interested in the type
+offered.
+    India had asked the U.S. For an modern supercomputer which
+it indicated would be used for scientific purposes, notably
+sophisticated weather forecasting.
+    However, India's close ties with the Soviet Union remains
+the main reason why the U.S. Has restricted the sale of its
+state-of-the-art computer technology to India, the Times said.
+    U.S. Defence officials are particulalry concerned the
+Soviet Union could gain access to the supercomputer and use it
+to decipher high-level U.S. Codes, while others say the
+computer could be very useful in designing nuclear weapons.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15823" NEWID="10302">
+<DATE>27-MAR-1987 03:14:54.59&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0136&#31;reute</UNKNOWN>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>hong-kong</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-UNITED-STATES-LINES-L   03-27 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED STATES LINES LAYS OFF FAR EAST STAFF</TITLE>
+<DATELINE>    HONG KONG, March 27 - </DATELINE><BODY>&lt;United States Lines Inc> has laid
+off 260 employees, almost its entire Far East staff, its Hong
+Kong office general manager Elliott Burnside told Reuters.
+    He also said calls by two of its container ships to Busan,
+South Korea and Kaohsiung, Taiwan, had been cancelled.
+    He declined comment on local press reports that U.S. Lines
+planned to suspend operations because of failure to restructure
+its 1.27 billion U.S. Dlr debt, but said the firm would make an
+announcement later today.
+    U.S. Lines filed for protection from its creditors under
+Chapter Eleven of the U.S. Federal law last November.
+    The English-language South China Morning Post said U.S.
+Lines decided yesterday to sell its two remaining transpacific
+service fleets and assets and those of its U.S.-South America
+operation.
+    It quoted a letter by company's chief executive Charles
+Hiltzheimer that said the ships and assets will be bought by
+rival U.S. Shipping companies, subject to approval by their
+boards.
+    U.S. Lines' Far East operations comprise offices in Hong
+Kong, Singapore, Manila, Busan, Seoul, Tokyo, Yokohama, Kobe
+and Osaka, Burnside said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15824" NEWID="10303">
+<DATE>27-MAR-1987 03:26:09.38&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0146&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-FISONS-RAISING-110-ML   03-27 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FISONS RAISING 110 MLN STG IN SHARE PLACING</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>Fisons Plc &lt;FISN.L> said it planned to
+raise about 110 mln stg through an international placing of up
+to 18 mln new shares, mainly in Europe and the Far East.
+    The operation would be conducted by a syndicate of
+international banks led by &lt;County Securities Ltd>.
+    The issue would not be underwritten and shares would only
+be allocated to syndicate banks to meet true demand from
+end-investors. The share price would be determined according to
+market conditions, but its expected that it would be at the
+middle market price.
+    A Fisons statement said that although the pharmaceutical
+group achieved more than 80 pct of its sales outside the U.K.,
+With rapidly increasing interest from international investors,
+less than two pct of its shares were held overseas.
+    The issue would help meet this interest, enhance the
+group's standing in the capital markets and increase demand for
+its shares. The issue would also be a cost effective way of
+raising new equity, it said.
+    The new funds would be used for the developing of existing
+operations and also for acquisitions if suitable opportunities
+arose.
+    The issue, which represents 5.5 pct of the company's
+authorised capital, requires shareholder approval. A meeting
+has been arranged for April 21.
+    Fisons shares eased one penny on the announcement by 0830
+GMT to 657p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15825" NEWID="10304">
+<DATE>27-MAR-1987 03:28:28.36&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0150&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-U.S.-ENVOY-SAYS-MANIL   03-27 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENVOY SAYS MANILA WILL PAY ITS DEBTS</TITLE>
+<DATELINE>    MANILA, March 27 - </DATELINE><BODY>Outgoing United States Ambassador
+Stephen Bosworth told a news conference he did not think the
+Philippines would follow Brazil's example and suspend interest
+payments on foreign loans from commercial banks.
+    "I see no evidence that the Philippine government even
+contemplates doing that. It has said at the outset that it
+accepts the legitimacy of these debts and it is determined over
+time to meet its obligations fully," he said.
+    Philippine officials and a 12-bank committee have been
+meeting for the past four weeks in New York in a bid to
+reschedule 9.4 billion dlrs of foreign debt.
+    Bosworth said the United States strongly supports Manila's
+bid to put its international financial situation in order and
+that the private bank creditors were aware of that.
+    "I think there is no question that the private banks are
+aware of the views of the U.S. Government ... I am confident
+they will take those views into account when they make their
+own decisions," Bosworth said.
+    He added: "These are private banks. They are responsible to
+their shareholders and they have to make their decisions on
+their own. But I am confident they understand the views of the
+United States and our strong support."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15826" NEWID="10305">
+<DATE>27-MAR-1987 03:32:07.72&#5;&#5;&#5;G C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0153&#31;reute</UNKNOWN>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>sri-lanka</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-USDA-REJECTS-SRI-LANK   03-27 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA REJECTS SRI LANKA'S 80 U.S. DLR WHEAT PRICE</TITLE>
+<DATELINE>    COLOMBO, March 27 - </DATELINE><BODY>Sri Lankan Food Department officials
+said the U.S. Department of Agriculture rejected a U.S. Firm's
+offer of 80 U.S. Dlrs per tonne CAF to supply 52,500 tonnes of
+soft wheat to Colombo from the Pacific Northwest.
+    They said Sri Lanka's Food Department subsequently made a
+counter-offer to five U.S. Firms to buy wheat at 85 U.S. Dlrs
+CAF for April 8-16 delivery.
+    The company which obtains USDA approval for the proposed
+price must inform the Department before 1330 gmt, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15827" NEWID="10306">
+<DATE>27-MAR-1987 03:44:57.62&#5;&#5;&#5;T C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0175&#31;reute</UNKNOWN>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-PHILIPPINE-SUGAR-CROP   03-27 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE SUGAR CROP SET AT 1.6 MLN TONNES</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 27 - </DATELINE><BODY>Philippine sugar production in the
+1987/88 crop year ending August has been set at 1.6 mln tonnes,
+up from a provisional 1.3 mln tonnes this year, Sugar
+Regulatory Administration (SRA) chairman Arsenio Yulo said.
+    Yulo told Reuters a survey during the current milling
+season, which ends next month, showed the 1986/87 estimate
+would almost certainly be met.
+    He said at least 1.2 mln tonnes of the 1987/88 crop would
+be earmarked for domestic consumption.
+    Yulo said about 130,000 tonnes would be set aside for the
+U.S. Sugar quota, 150,000 tonnes for strategic reserves and
+50,000 tonnes would be sold on the world market.
+    He said if the government approved a long-standing SRA
+recommendation to manufacture ethanol, the project would take
+up another 150,000 tonnes, slightly raising the target.
+    "The government, for its own reasons, has been delaying
+approval of the project, but we expect it to come through by
+July," Yulo said.
+    Ethanol could make up five pct of gasoline, cutting the oil
+import bill by about 300 mln pesos.
+    Yulo said three major Philippine distilleries were ready to
+start manufacturing ethanol if the project was approved.
+    The ethanol project would result in employment for about
+100,000 people, sharply reducing those thrown out of work by
+depressed world sugar prices and a moribund domestic industry.
+    Production quotas, set for the first time in 1987/88, had
+been submitted to President Corazon Aquino.
+    "I think the President would rather wait till the new
+Congress convenes after the May elections," he said. "But there
+is really no need for such quotas. We are right now producing
+just slightly over our own consumption level."
+    "The producers have never enjoyed such high prices," Yulo
+said, adding sugar was currently selling locally for 320 pesos
+per picul, up from 190 pesos last August.
+    Yulo said prices were driven up because of speculation
+following the SRA's bid to control production.
+    "We are no longer concerned so much with the world market,"
+he said, adding producers in the Negros region had learned from
+their mistakes and diversified into corn and prawn farming and
+cloth production.
+    He said diversification into products other than ethanol
+was also possible within the sugar industry.
+    "The Brazilians long ago learnt their lessons," Yulo said.
+"They have 300 sugar mills, compared with our 41, but they
+relocated many of them and diversified production. We want to
+call this a 'sugarcane industry' instead of the sugar industry."
+    He said sugarcane could be fed to pigs and livestock, used
+for thatching roofs, or used in room panelling.
+    "When you cut sugarcane you don't even have to produce
+sugar," he said.
+    Yulo said the Philippines was lobbying for a renewal of the
+International Sugar Agreement, which expired in 1984.
+    "As a major sugar producer we are urging them to write a new
+agreement which would revive world prices," Yulo said.
+    "If there is no agreement world prices will always be
+depressed, particularly because the European Community is
+subsidising its producers and dumping sugar on the markets."
+    He said current world prices, holding steady at about 7.60
+cents per pound, were uneconomical for the Philippines, where
+production costs ranged from 12 to 14 cents a pound.
+    "If the price holds steady for a while at 7.60 cents I
+expect the level to rise to about 11 cents a pound by the end
+of this year," he said.
+    Yulo said economists forecast a bullish sugar market by
+1990, with world consumption outstripping production.
+    He said sugar markets were holding up despite encroachments
+from artificial sweeteners and high-fructose corn syrup.
+    "But we are not happy with the Reagan Administration," he
+said. "Since 1935 we have been regular suppliers of sugar to the
+U.S. In 1982, when they restored the quota system, they cut
+ours in half without any justification."
+    Manila was keenly watching Washington's moves to cut
+domestic support prices to 12 cents a pound from 18 cents.
+    The U.S. Agriculture Department last December slashed its
+12 month 1987 sugar import quota from the Philippines to
+143,780 short tons from 231,660 short tons in 1986.
+    Yulo said despite next year's increased production target,
+some Philippine mills were expected to shut down.
+    "At least four of the 41 mills were not working during the
+1986/87 season," he said. "We expect two or three more to follow
+suit during the next season."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15828" NEWID="10307">
+<DATE>27-MAR-1987 03:48:23.00&#5;&#5;&#5;F RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0181&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-METALLGESELLSCHAFT-PL   03-27 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METALLGESELLSCHAFT PLANS COMMODITY FUTURES VENTURE</TITLE>
+<DATELINE>    FRANKFURT, March 27 - </DATELINE><BODY>Metallgesellschaft AG &lt;METG.F> said
+it is founding a company to work in commodities futures and
+options trading and financial services linked to these.
+    The new company, to be called &lt;MG Commodity Corp>, will be
+based in Zug, Switzerland, and operate from a branch in
+Hamburg.
+    Metallgesellschaft will hold 80 pct of the company, and the
+other 20 pct will be held by Dieter Worms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15829" NEWID="10308">
+<DATE>27-MAR-1987 03:59:46.16&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0205&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-JAPAN-SETS-ASIDE-YEN   03-27 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SETS ASIDE YEN FUNDS TO PREVENT DLR FALL</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The 50-day provisional 1987/88 budget,
+adopted today by the government, allows the Finance Ministry to
+issue up to 14,600 billion yen worth of foreign exchange fund
+financing bills, government sources said.
+    Foreign exchange dealers said the yen funds would be used
+to buy dollars, to prevent a further dollar fall.
+    The government sources said the amount, covering the first
+50 days of the year starting April 1, accounts for more than 90
+pct of the 16,000 billion yen in bills incorporated in the full
+budget.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15830" NEWID="10309">
+<DATE>27-MAR-1987 04:01:41.50&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0207&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-JAPANESE-FOREIGN-STOC   03-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE FOREIGN STOCK PURCHASES JUMP IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Japanese net purchases of foreign stocks
+jumped to a near-record 1.52 billion dlrs in February from 113
+mln in January, the Finance Ministry said.
+    Net buying hit a record 1.55 billion dlrs last December.
+    Gross purchases of foreign stocks rose to 4.48 billion dlrs
+in February from 2.67 billion in January, while gross sales
+were 2.96 billion against 2.56 billion.
+    All figures are subject to rounding.
+    Japanese net purchases of foreign bonds, excluding bills,
+dropped to 9.41 billion dlrs in February from 10.46 billion in
+January, the ministry said.
+    The ministry said gross purchases of foreign bonds were
+115.53 billion dlrs in February, down from 118.04 billion in
+January, while foreign bond sales fell to 106.12 billion from
+107.58 billion.
+    Foreign investors sold a net 427 mln dlrs of Japanese
+bonds, excluding bills, after buying 227 mln dlrs in January.
+    They took a gross 26.59 billion dlrs of Japanese bonds, up
+from 14.16 billion in January, and sold 27.02 billion, up from
+13.94 billion.
+    They sold a net 153 mln dlrs of stocks, down from 681 mln
+in the previous month.
+    Gross foreign purchases of Japanese shares rose to 13.64
+billion dlrs in February from 9.54 billion in January, while
+gross sales rose to 13.76 billion from 10.22 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15831" NEWID="10310">
+<DATE>27-MAR-1987 04:05:25.22&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0214&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-MITSUBISHI-BUYS-INTO   03-27 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI BUYS INTO DANISH DAIRY PRODUCT FIRM</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Mitsubishi Corp &lt;MITT.TOK> said it has
+taken a 25 pct stake worth five mln krone in &lt;Danish Dairy
+Farms Ltd> and will jointly market its produce from April.
+    The company was set up last year by three major Danish
+livestock cooperative federations to expand markets for their
+dairy products, a Mitsubishi official said.
+    This is the first time a Japanese trading house has traded
+non-Japanese dairy products in the world market, he said.
+    He said Mitsubishi expects the Danish company's annual
+sales to be 10 billion yen in its first year, from April 1.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15832" NEWID="10311">
+<DATE>27-MAR-1987 04:18:28.88&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0224&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-JAPAN-ACTS-TO-COOL-U.   03-27 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ACTS TO COOL U.S. ANGER ON TELECOMS DISPUTE</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Japan has sought to assure the U.S. It is
+not trying to keep foreign equity in a new Japanese
+international telecommunications company below the legal limit
+of 33 pct, a Post and Telecommunications ministry official
+said.
+    In a letter sent yesterday, Postal Minister Shunjiro
+Karasawa told U.S. Commerce Secretary Malcolm Baldrige that the
+ministry does not object to foreign participation by those U.S.
+Firms that have expressed interest.
+    But it does oppose any foreign international
+telecommunications carrier having a management role, he said.
+    The move appears to be an effort to dampen U.S. Opposition
+to the planned merger of two rival firms seeking to compete
+with the current monopoly &lt;Kokusai Denwa Denshin Co Ltd>, and
+to reduce the share held in any KDD rival by U.K.'s Cable and
+Wireless Plc &lt;CAWL.L>, industry analysts and diplomats said.
+    One of the rival firms, &lt;International Telecom Japan Inc>
+(ITJ) has offered a stake in the company to eight U.S. Firms
+including General Electric Co &lt;GE>, Ford Motor Co &lt;F> and
+Citibank NA &lt;CCI), and two European companies, ITJ president
+Nobuo Ito said yesterday.
+    Cable and Wireless holds a 20 pct share in a second
+potential KDD rival, &lt;International Digital Communications
+Planning Inc>, along with &lt;C Itoh and Co>. Merrill Lynch and Co
+Inc &lt;MER> and Pacific Telesis International Inc &lt;PAC>, both of
+the U.S., Hold three and 10 pct shares respectively.
+    The Post and Telecommunications Ministry has urged the
+merger of the two firms because it says the market can only
+support a single KDD competitor.
+    It has also rejected management participation by an
+international common carrier, such as Cable and Wireless,
+arguing no international precedent for such a stake exists.
+    Cable and Wireless Director of Corporate Strategy, Jonathan
+Solomon, yesterday again told ministry officials he opposes a
+merger proposal that would limit Cable and Wireless' share to
+less than three pct and total foreign participation to about 20
+pct, the ministry official said.
+    Channeling the U.S. Firms into a single merged competitor
+would most probably result in diluting Cable and Wireless'
+share, industry analysts said.
+    "Eventually the ministry will get what it wants -- one
+combined competitor," Bache Securities (Japan) Ltd analyst
+Darrell Whitten said.
+    "Political ... Leverage may get the total foreign share up
+to a certain amount, but you won't find any one company with an
+extraordinarily large holding," Whitten said.
+    Western diplomatic sources were more blunt.
+    "They (the ministry) don't want to see Cable and Wireless
+with a reasonable share and they think of all sorts of
+strategies to reduce that share," one said.
+    Fumio Watanabe, a senior Keidanren (a leading business
+organization) official who has been trying to arrange the
+merger, will present a new outline of his proposal on Thursday,
+the ministry official said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15833" NEWID="10312">
+<DATE>27-MAR-1987 04:29:27.59&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0239&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-IBM-AUSTRALIA-CREDIT   03-27 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM AUSTRALIA CREDIT ISSUES AUS DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>IBM Australia Credit Ltd is issuing a 75
+mln Australian dlr eurobond due April 24, 1990 with a 14-1/8
+pct coupon and priced at 101-1/4, Salomon Brothers
+International Ltd said as lead manager.
+    The non-callable bonds will be issued in denominations of
+1,000 and 10,000 dlrs and will be listed in Luxembourg. Gross
+fees of 1-1/2 pct comprise 1/2 pct for management and
+underwriting combined and one pct for selling.
+    There will be co-leads. The borrower is wholly owned by
+International Business Machines Corp &lt;IBM.N>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15834" NEWID="10313">
+<DATE>27-MAR-1987 04:35:40.22&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0243&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-ASSOCIATED-NEWSPAPERS   03-27 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASSOCIATED NEWSPAPERS HAS 10 PCT OF NORTHERN STAR</TITLE>
+<DATELINE>    SYDNEY, March 27 - </DATELINE><BODY>&lt;Northern Star Holdings Ltd> said
+Britain's &lt;Associated Newspapers Holdings Plc> will hold 9.99
+pct of its enlarged issued capital after applying to acquire
+15.9 mln shares in its recently announced placement.
+    Associated was one of the major investors participating in
+the previously reported placement of 128.9 mln shares at 3.75
+dlrs each, Northern Star said in a statement.
+    The northern New South Wales regional group is emerging as
+a national media force in the wake of the industry
+restructuring sparked by the News Corp Ltd &lt;NCPA.S> takeover of
+the Herald and Weekly Times Ltd &lt;HWTA.S> group.
+    Associated now holds 3.3 pct of Northern Star's current
+issued capital, a company official said.
+    As previously reported, Northern Star is raising 623 mln
+dlrs through placements and a subsequent one-for-four rights
+issue at 2.95 dlrs a share.
+    Of the placements, 56.9 mln shares will go to a number of
+investors and 72 mln to investment group &lt;Westfield Capital
+Corp Ltd>, which arranged Northern Star's purchase of News
+Corp's television assets, three newspapers and three radio
+stations for 842 mln dlrs. Westfield will increase its stake in
+Northern Star to about 45 pct from 20 as a result.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15835" NEWID="10314">
+<DATE>27-MAR-1987 04:37:11.04&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0246&#31;reute</UNKNOWN>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-BELGIAN-DECEMBER-INDU   03-27 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN DECEMBER INDUSTRIAL OUTPUT FALLS</TITLE>
+<DATELINE>    BRUSSELS, March 27 - </DATELINE><BODY>Industrial production, excluding
+construction and adjusted for the number of working days, fell
+1.5 pct in December from year earlier levels, the National
+Statistics Office said.
+    It was also a sharp 16.8 pct below the November level, it
+said.
+    The office said the production index, base 1980, stood at
+97.3 in December against an adjusted 116.9 in November and 98.8
+in December 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15836" NEWID="10315">
+<DATE>27-MAR-1987 04:38:47.18&#5;&#5;&#5;M C F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0247&#31;reute</UNKNOWN>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-TWO-JAPANESE-STEELMAK   03-27 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO JAPANESE STEELMAKERS' CAPITAL SPENDING FALLS</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Kawasaki Steel Corp &lt;KAWS.T> said its
+parent company's capital spending in the year from April 1 will
+fall to 75 billion yen from 110 billion in the current year,
+and Sumitomo Metal Industries Ltd &lt;SMIT.T> said its capital
+spending will drop to 70 billion yen from 85 billion.
+    Both companies said they do not plan to start new large
+construction projects linked to production increases in the
+coming year, because of the yen's appreciation and slow world
+steel demand.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15837" NEWID="10316">
+<DATE>27-MAR-1987 04:42:50.19&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0255&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-MITSUBISHI-BANK-PLANS   03-27 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI BANK PLANS 300 MLN H.K. DLR CD FACILITY</TITLE>
+<DATELINE>    HONG KONG, March 27 - </DATELINE><BODY>The Hong Kong branch of &lt;Mitsubishi
+Bank Ltd> is planning a 300 mln H.K. Dlr revolving certificate
+of deposit (CD) issuance facility, banking sources said.
+    The facility is 200 mln dlrs underwritten at a maximum of
+five basis points over the Hong Kong interbank offered rate.
+The underwritten portion allows CDs to be issued in tenures of
+one, three and six months. The non-underwritten portion allows
+the issuance of one-year CDs as well. Denominations are one mln
+dlrs.
+    The underwriting fee is five basis points.
+    The facility is being syndicated by the arranger,
+Mitsubishi Finance (Hong Kong) Ltd. Lead managers underwriting
+20 to 25 mln dlrs will receive a five basis point management
+fee. Managers underwriting 10 to 15 mln dlrs will receive three
+basis points. There will be no management fee for participants.
+    Mitsubishi Finance is also dealer of the facility, which is
+the first of its kind for a Japanese bank in Hong Kong.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15838" NEWID="10317">
+<DATE>27-MAR-1987 04:46:50.31&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0261&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-CSR-SAYS-IT-WILL-MAKE   03-27 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSR SAYS IT WILL MAKE MAJOR STATEMENT NEXT WEEK</TITLE>
+<DATELINE>    SYDNEY, March 27 - </DATELINE><BODY>CSR Ltd &lt;CSRA.S> said it expected to
+make an announcement next week which would have a significant
+and beneficial impact on the future of the company.
+    It said the statement was prompted by heavy turnover in CSR
+shares. Brokers said Bond Corp Holdings Ltd &lt;BONA.S> today sold
+24.2 mln CSR shares representing almost five pct of the
+company. CSR closed 20 cents higher at 4.20 dlrs on a national
+turnover of 31.39 mln shares.
+    Share analysts said the CSR announcement could be about the
+expected flotation of its &lt;Delhi Petroleum Pty Ltd> unit,
+releasing cash for a major building products aquisition.
+    CSR forecast in January it would float Delhi and said it
+expected to invest close to 100 mln dlrs on acquisitions in
+building materials both in Australia and offshore.
+    One analyst, who asked not to be named, said about 25 pct
+of Delhi could be offered to CSR shareholders in an arrangement
+which would preserve the tax position of the Cooper Basin oil
+and gas producer, which is held in a trust.
+    CSR had now finished paying for Delhi, after last year
+writing down large foreign exchange losses on loans to buy the
+company and selling such investments as its share of the Mount
+Newman iron ore project, the analyst said.
+    CSR had restructured its management in recent months and
+was redirecting its efforts into industrial divisions from its
+resources business, analysts told Reuters. It could be expected
+to also float its coal interests, they said.
+    The company earlier this month said it would sell its five
+Sydney head office buildings.
+    Stuart McKibbin of Melbourne broker &lt;A.C. Goode and Co Ltd>
+said CSR had till now been overlooked by many of the offshore
+investors now heavily buying Australian gold and resource
+stocks. That climate could prove an ideal time to float the CSR
+petroleum division, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15839" NEWID="10318">
+<DATE>27-MAR-1987 04:51:36.08&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0266&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-AVANA-DEFENCE-DOCUMEN   03-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVANA DEFENCE DOCUMENT FORECASTS PROFITS RISE</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>&lt;Avana Group Plc>, defending itself
+against a bid from Ranks Hovis McDougall Plc &lt;RHML.L>, RHM,
+forecast a 3.4 mln stg rise in profits in the 1986/87 year.
+    It said pretax profit should rise to 23.0 mln stg in the
+year to April 2, 1987 from 19.6 mln previously, and reach 27.5
+mln in 1987/88. It expects share earnings to rise to 46.9p from
+38.7p and to 51.2p in 1987/88, and the 1986/87 dividend to be
+17.0p net, a 41.6 pct increase.
+    The bid from RHM, rejected by the food and bakery group, is
+worth about 270 mln stg. RHM currently has a 22.9 pct stake in
+purchases and acceptances.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15840" NEWID="10319">
+<DATE>27-MAR-1987 04:56:39.64&#5;&#5;&#5;G C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0275&#31;reute</UNKNOWN>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-TAIWAN-BUYS-340,000-T   03-27 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN BUYS 340,000 TONNES OF U.S. MAIZE</TITLE>
+<DATELINE>    TAIPEI, March 27 - </DATELINE><BODY>The joint committee of Taiwan's maize
+importers awarded contracts to five U.S. Companies for seven
+shipments totalling 340,000 tonnes of maize for delivery
+between September 1 and December 20, a committee official said.
+    United Grain Corp of Oregon won two contracts for the
+supply of 110,000 tonnes, priced between 92.44 and 96.00 dlrs
+per tonne, for September 1-15 and November 5-20 delivery.
+    Cargill Inc of Minnesota also took two shipments totalling
+110,000 tonnes, priced between 93.45 and 94.65 dlrs per tonne,
+for October 1-15 and December 5-20 delivery.
+    ADM Export Co of Minnesota received a 54,000 tonne cargo,
+at 93.75 dlrs per tonne, for November 1-15 delivery.
+    Cigra Inc of Chicago won a contract to supply 33,000
+tonnes, at 96.89 dlrs per tonne, for November 25-December 10
+delivery.
+    Elders Grain Inc of Kansas took a 33,000 tonne shipment, at
+96.06 dlrs per tonne, for December 1-15 delivery.
+    All shipments are c and f Taiwan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15841" NEWID="10320">
+<DATE>27-MAR-1987 04:57:14.12&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0278&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-PROPERTY-FIRM-RAISES   03-27 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPERTY FIRM RAISES ONE BILLION H.K. DLR LOAN</TITLE>
+<DATELINE>    HONG KONG, March 27 - </DATELINE><BODY>&lt;Sunyou Intercontinental (H.K.) Ltd>
+has finalised the one billion H.K. Dlr loan for its hotel and
+office complex in the Kowloon tourist district, lead manager
+Standard Chartered Asia Ltd said.
+    Standard Chartered and co-lead Mitsui Trust Finance (Hong
+Kong) Ltd will take up some 60 pct of the loan. There are seven
+co-managers for the remainder: Bank of Communications, Bank of
+East Asia, Dai-Ichi Kangyo Bank, Daiwa Bank, Hang Seng Bank,
+Sumitomo Bank and Wing Lung Bank.
+    The 12-year loan, guaranteed by parent company &lt;Sun's
+Enterprise Ltd> of Japan, is to be signed by mid-April.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15842" NEWID="10321">
+<DATE>27-MAR-1987 04:59:06.97&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0287&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-U.K.-MONEY-MARKET-DEF   03-27 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST AT 700 MLN STG</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The Bank of England said it forecast a
+shortage of around 700 mln stg in the money market today.
+    Among the main factors affecting liquidity, bills maturing
+in official hands will drain some 501 mln stg while a rise in
+note circulation and bankers' balances below target will take
+out around 285 mln stg and 45 mln stg respectively.
+    Partly offsetting these outflows, exchequer transactions
+will add some 120 mln stg to the system today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15843" NEWID="10322">
+<DATE>27-MAR-1987 05:04:06.33&#5;&#5;&#5;M C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0302&#31;reute</UNKNOWN>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-JAPAN-ALUMINIUM-OUTPU   03-27 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ALUMINIUM OUTPUT FALLS IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Japanese aluminium output fell to 5,298
+tonnes in February from 7,472 in January and 14,280 a year
+earlier, preliminary International Trade and Industry Ministry
+figures show.
+    Output fell sharply from a year ago as most aluminium firms
+stopped smelting in the past year due to cheap imports,
+industry sources said.
+    Sales and end-month stocks in tonnes were:
+            Feb 87   Jan 87   Feb 86
+    Sales   36,557   38,678   75,687
+    Stocks  53,248   56,620  127,083
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15844" NEWID="10323">
+<DATE>27-MAR-1987 05:04:50.04&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0304&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-Bank-of-France-buying   03-27 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bank of France buying dollars for yen - banking sources
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15845" NEWID="10324">
+<DATE>27-MAR-1987 05:04:56.36&#5;&#5;&#5;M C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0305&#31;reute</UNKNOWN>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-JAPAN-ALUMINIUM-IMPOR   03-27 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ALUMINIUM IMPORTS RISE IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Japanese primary aluminium imports rose
+to 98,170 tonnes in February from 91,157 in January and 94,926
+a year earlier, the Japan Aluminium Federation said.
+    This brought total imports in 1986/87, ending March 31, to
+1.09 mln tonnes against 1.25 mln a year earlier.
+    The February total included 19,102 tonnes from the U.S.
+Against 16,577 in January and 9,933 a year ago, 24,391 from
+Australia against 19,585 and 21,208, and 12,611 from Indonesia
+against 5,891 and 16,601.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15846" NEWID="10325">
+<DATE>27-MAR-1987 05:06:28.78&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0310&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-TOKYO-STOCK-TRADING-T   03-27 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO STOCK TRADING TO BE SHORTENED FROM MONDAY</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The Tokyo Stock Exchange said it will
+shorten the trading session for stocks and convertible bonds by
+30 minutes from March 30 to cope with high volume and will
+maintain the cut as long as excessive trading continues.
+    Stock turnover hit a record 2.6 billion shares today,
+exceeding the previous peak of 2.4 billion set on March 18.
+    Afternoon trading will start at 1330 local time (0430 GMT)
+instead of the current 1300. (0400).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15847" NEWID="10326">
+<DATE>27-MAR-1987 05:12:31.32&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0315&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-TAIWAN-ISSUES-MORE-CE   03-27 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ISSUES MORE CERTIFICATES OF DEPOSITS</TITLE>
+<DATELINE>    TAIPEI, March 27 - </DATELINE><BODY>The Central Bank issued 2.47 billion
+Taiwan dlrs worth of certificates of deposit (CDs), raising CD
+issues so far this year to 141.93 billion, a bank spokesman
+told Reuters.
+    The new CDs, repayable from six months to one year, carry
+interest rates ranging from 4.07 pct to five pct, he said.
+    The issues are intended to help curb the growth of the M-1b
+money supply, which has expanded as a result of large foreign
+exchange reserves.
+    The reserves hit a record 53 billion U.S. Dlrs this week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15848" NEWID="10327">
+<DATE>27-MAR-1987 05:15:57.09&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0320&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-NIXDORF-WINS-300-MLN   03-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIXDORF WINS 300 MLN MARK LABOUR EXCHANGE ORDER</TITLE>
+<DATELINE>    FRANKFURT, March 27 - </DATELINE><BODY>Nixdorf Computer AG &lt;NIXG.F> said it
+won an order worth about 300 mln marks from the West German
+Federal Labour Office to computerise 90 local labour exchanges.
+    The contract is the largest single order in Nixdorf's
+history, the company said in a statement.
+    A total of 12,000 counsellors will be equipped with
+computers to support their job placement and counselling
+activities. Installation is to be completed by early 1990.
+    The computer systems are models from the Nixdorf Targon /32
+product family, designed to run under UNIX, the international
+standard operating system.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15849" NEWID="10328">
+<DATE>27-MAR-1987 05:17:58.92&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0324&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-MITSUBISHI-MOTORS-AUS   03-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI MOTORS AUSTRALIA MAKES 19 MLN DLR LOSS</TITLE>
+<DATELINE>    ADELAIDE, March 27 - </DATELINE><BODY>&lt;Mitsubishi Motors Australia Ltd>
+(MMAL) reported a 19.64 mln dlr net loss in calendar 1986 from
+a 5.80 mln dlr profit in 1985 on turnover of 837.79 mln dlrs
+from 942.89 mln.
+    MMAL, 99 pct-owned by Mitsubishi Motors Corp &lt;MIMT.T> and
+Mitsubishi Corp &lt;MITT.T>,  said a tight market meant it had
+failed to recover 19 mln dlrs in costs sustained because of a
+weak Australian dollar.
+    The company said its Magna car dominated its market segment
+with sales of 30,500 units against 26,900 in 1985. Total sales
+were 64,100, down 15,900.
+    In addition, export of components to Japan increased with
+15 mln dlrs invested in 1986 to expand output of aluminium
+cylinder heads to 26,000 per month from 6,000, MMAL said.
+    Imported passenger car, light commercial and heavy vehicle
+sales suffered while local-manufacturing profitability was
+eroded by sales substantially below production capacity, it
+said.
+    Australian car sales fell to 530,000 in 1985 from 696,000
+in 1985, although MMAL said it lifted its market penetration to
+12.1 pct from 11.5 pct.
+    No dividend was recommended.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15850" NEWID="10329">
+<DATE>27-MAR-1987 05:21:20.82&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0330&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-S.-KOREA-SETS-RULES-F   03-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. KOREA SETS RULES FOR OVER-THE-COUNTER MARKET</TITLE>
+<DATELINE>    SEOUL, March 27 - </DATELINE><BODY>Shares of about 1,700 firms are expected
+to be traded in South Korea's first over-the-counter market due
+to open next month, finance ministry officials said.
+    Companies which have been operating for more than two years
+with paid-in capital of 200 mln won or more will be allowed to
+join the market, they said citing a guideline prepared by the
+ministry.
+    Firms using venture capital can take part in the market
+regardless of their size, according to the guideline. The
+officials said the over-the-counter market was aimed at helping
+small companies diversify their fund-raising sources.
+    The guideline requires companies wishing to take part in
+the market to register with the National Securities
+Association. Shares of registered firms will be traded through
+securities firms.
+    Companies with paid-in capital of 500 mln won or more can
+be listed on the Korea Stock Exchange three years after they
+are established, the officials said.
+    At the end of 1986, 355 companies were listed on the
+exchange.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15851" NEWID="10330">
+<DATE>27-MAR-1987 05:21:27.84&#5;&#5;&#5;C G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0331&#31;reute</UNKNOWN>
+<TOPICS><D>veg-oil</D><D>rape-oil</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-INDIA-BUYS-20,000-TON   03-27 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA BUYS 20,000 TONNES OF RAPESEED OIL</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The Indian State Trading Corporation
+(STC) bought a 20,000 tonne cargo of optional origin rapeseed
+oil at its vegetable oil import tender yesterday, traders said.
+The oil was for June 20/July 20 shipment at 321 dlrs per tonne
+cif.
+    Traders said the STC attempted to buy eight cargoes of
+processed palm oil but its price ideas were too low for
+exporters. It also failed to secure soyoil for the same reason,
+they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15852" NEWID="10331">
+<DATE>27-MAR-1987 05:22:14.53&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0333&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D><D>singapore</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-BANGKOK-TO-EASE-TRANS   03-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGKOK TO EASE TRANSIT AIR CARGO RED TAPE</TITLE>
+<DATELINE>    BANGKOK, March 27 - </DATELINE><BODY>Bangkok airport will drop
+customslndling for transit cargo next week in a bid to
+challenge Singapore and Hong Kong as regional air transport
+hI.&lt;@VAkyg[gyl said.
+    The transit free zone will end the paperwork that slows
+trans-shipment of freight through Thailand, Bangkok airport
+customs director Somchainuk Engtrakul told journalists.
+    The zone, to be opened on Thursday, will complement a major
+expansion of Bangkok's Don Muang airport now underway and plans
+by Thai International airlines to almost double its fleet for
+passenger and cargo flights over the next 10 years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15853" NEWID="10332">
+<DATE>27-MAR-1987 05:22:19.34&#5;&#5;&#5;M C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0334&#31;reute</UNKNOWN>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-THAI-TIN-EXPORTS-FALL   03-27 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI TIN EXPORTS FALL IN FEBRUARY</TITLE>
+<DATELINE>    BANGKOK, March 27 - </DATELINE><BODY>Thailand exported 1,120 tonnes of tin
+metal in February, down from 1,816 tonnes the previous month
+and 2,140 tonnes a year ago, the Mineral Resources Department
+said.
+    It said major buyers last month were Britain, Japan, the
+Netherlands, West Germany and the U.S.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15854" NEWID="10333">
+<DATE>27-MAR-1987 05:38:16.20&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0352&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-SYNDICATION-FOR-ELDER   03-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNDICATION FOR ELDERS NOTE FACILITY CLOSES</TITLE>
+<DATELINE>    HONG KONG, March 27 - </DATELINE><BODY>Syndication for Elders IXL Ltd's
+&lt;ELXA.S> 100 mln Australian dlr note issuance facility has been
+completed, arranger Westpac Finance Asia Ltd said.
+    It said the facility, which is half underwritten and half
+non-underwritten, has been over-subscribed and underwriters'
+allocations are reduced from the original commitments.
+    The managers of the facility are Westpac, Bank of Montreal
+Asia Ltd, BOT International (HK) Ltd, Commonwealth Bank of
+Australia and Credit Industriel et Commercial de Paris. They
+will be underwriting six mln dlrs each instead of 10 mln dlrs.
+    Co-managers are Banque Bruxelles Lambert, Ka Wah Bank,
+Kyowa Bank, Saitama Bank, Sanwa Bank and Yasuda Trust and
+Banking Co Ltd. They will be underwriting three mln dlrs each
+instead of five mln dlrs. BT Asia Ltd is junior co-manager with
+a two mln dlr commitment.
+    Westpac launched the facility early this month at 200 mln
+dlrs but soon reduced it to 100 mln dlrs and amended the terms
+due to the market's cool response. The underwriting margin was
+raised to 10 basis points over the Australian dlr bank bill
+rate. Originally the margin was set at 6.25 basis points for up
+to 50 mln dlrs and at 2.5 basis points for the remainder.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15855" NEWID="10334">
+<DATE>27-MAR-1987 05:38:29.99&#5;&#5;&#5;G C L</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0353&#31;reute</UNKNOWN>
+<TOPICS><D>carcass</D></TOPICS>
+<PLACES><D>botswana</D><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-BOTSWANA-BANS-ZIMBABW   03-27 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOTSWANA BANS ZIMBABWE MEAT PRODUCTS, AGENCY SAYS</TITLE>
+<DATELINE>    GABORONE, March 27 - </DATELINE><BODY>Botswana has stopped importing almost
+all meat products from Zimbabwe after reports of a suspected
+outbreak of foot and mouth disease in the neighbouring country.
+    Botswana's official news agency, BOPA, announcing the ban
+last night, quoted Agriculture Minister Daniel Kwelagobe as
+saying only sterilised and canned animal products would be
+allowed into the country, with immediate effect.
+    He said Zimbabwean veterinary officials had notified him
+that they suspected foot and mouth disease had broken out at
+Insiza, 100 km northeast of Bulawayo, capital of the mainly
+cattle-ranching southwestern province of Matabeleland.
+    Zimbabwean officials were not immediately available for
+comment.
+    The ban will affect products such as uncanned meat, milk,
+ham, butter and bacon, BOPA reported.
+    Botswana exports much of its high-grade beef to the
+European Community and augments its local supplies with meat
+imports from Zimbabwe.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15856" NEWID="10335">
+<DATE>27-MAR-1987 05:39:31.59&#5;&#5;&#5;F M C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0355&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-ALCAN-AUSTRALIA-BIDS   03-27 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN AUSTRALIA BIDS FOR ALCAN NEW ZEALAND</TITLE>
+<DATELINE>    SYDNEY, March 27 - </DATELINE><BODY>Alcan Australia Ltd &lt;AL.S> said it will
+make a 39.3 mln N.Z. Dlr cash bid for all the issued shares of
+&lt;Alcan New Zealand Ltd> at 1.80 N.Z. Dlrs each with a
+four-for-three share alternative.
+    Both are 70 pct owned by Canada's Alcan Aluminium Ltd &lt;AL>
+which will take the share swap option, Alcan Australia deputy
+chairman Jeremy Davis said in a statement. The remainder of
+Alcan New Zealand's totalled issued 21.84 mln shares are
+broadly held while Alcan Australia's are primarily held by
+institutions. Alcan NZ last traded at 1.55 NZ dlrs, while Alcan
+Australia today ended four cents down at 1.15 dlrs.
+    Davis said the offer, which is subject to approval by the
+New Zealand Overseas Investment Commission, was a response to
+the integration of the two countries' markets under the
+Australia-New Zealand Closer Economic Relations treaty.
+    Alcan New Zealand shareholders who accept the offer would
+also receive the final dividend of 10 cents a share normally
+payable on May 27.
+    Alcan Australia would invite New Zealand representation to
+its board and would apply to list its shares on the New Zealand
+Stock exchange, Davis said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15857" NEWID="10336">
+<DATE>27-MAR-1987 06:07:38.73&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0379&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-COMMONWEALTH-BANK-ISS   03-27 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH BANK ISSUES DUAL CURRENCY BOND</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>Commonwealth Bank of Australia is
+issuing a 15 billion yen dual currency bond due April 24, 1992
+with an eight pct coupon and priced at 101-3/4 pct, Salomon
+Brothers International said as lead manager.
+    The issue is payable and redeemable in Australian dollars
+although coupon payments will be in yen.
+    Upon redemption, holders will be repaid at a rate of 83.91
+yen per Australian dollar. Salomon said that the current
+exchange rate is 103.62 yen to the Australian dollar.
+    Payment date is April 25, and the securities are available
+in denominations of five mln yen. They will be listed on the
+London Stock Exchange.
+    There is a 1/14 pct selling concession and a 5/8 pct
+combined management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15858" NEWID="10337">
+<DATE>27-MAR-1987 06:07:41.19&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0380&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******   03-27 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank bought dollars against yen in Frankfurt - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15859" NEWID="10338">
+<DATE>27-MAR-1987 06:14:02.96&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0387&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-ESSILOR-INTERNATIONAL   03-27 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSILOR INTERNATIONAL &lt;ESSI.PA> YEAR ENDED DEC 31</TITLE>
+<DATELINE>    PARIS, March 27 -
+    </DATELINE><BODY>Provisional consolidated net attributable profit 242.1 mln
+francs vs 240.1 mln.
+    Investments 318 mln vs 317 mln.
+    Dividend on ordinary shares 45 francs vs 42 francs.
+    Dividend on priority shares 51 francs vs 48 francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15860" NEWID="10339">
+<DATE>27-MAR-1987 06:22:35.40&#5;&#5;&#5;C G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0399&#31;reute</UNKNOWN>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-SOUTH-AFRICAN-MAIZE-E   03-27 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICAN MAIZE ESTIMATE CALLED CONSERVATIVE</TITLE>
+<DATELINE>   JOHANNESBURG, March 27 - </DATELINE><BODY>The South African government's
+maize production estimate of 7.8 mln tonnes for the current
+year is "rather too conservative," leading grain and produce
+merchants Kahn and Kahn Pty Ltd said.
+    The company, in a detailed report, estimated the harvest as
+high as 8.3 mln tonnes and said if this forecast is met the
+ostensible surplus for export will be approximately 2.25 mln
+tonnes.
+    "This paradoxically is creating a problem for the Maize
+Board," Kahn and Kahn said.
+    It said the maize export price currently is depressed and
+the board is "probably confronted with the necessity to maintain
+or slightly increase the internal price of maize again...To
+offset the ostensible loss which must be faced" on exporting
+surplus amounts.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15861" NEWID="10340">
+<DATE>27-MAR-1987 06:29:06.93&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0413&#31;reute</UNKNOWN>
+<TOPICS><D>gnp</D><D>money-fx</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-ITALIAN-1987-GDP-GROW   03-27 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN 1987 GDP GROWTH FORECAST AT THREE PCT</TITLE>
+<DATELINE>    MILAN, March 27 - </DATELINE><BODY>Italy's gross domestic product (GDP) will
+grow three pct in real terms this year and 2.7 pct in 1988,
+said economic information company Data Resources Europe Inc
+(DRI).
+    Michel Girardin, DRI Europe's senior economist, said at a
+conference that Italian GDP growth this year "will be mainly
+driven by consumption and especially investment."
+    Girardin said the driving force behind GDP growth next year
+will shift from domestic demand to exports as a result of
+expected depreciation of the lira against the major currencies.
+    Italy's budget ministry said yesterday that GDP rose 2.7
+pct in real terms in 1986.
+    DRI forecast that inflation, which was an average 6.3 pct
+in 1986, will be under five pct this year and that interest
+rates should drop two pct.
+    Girardin said the lira is expected to appreciate 14 pct
+against the dollar this year following last year's 22 pct
+appreciation. An expected German mark appreciation against the
+dollar means that the lira should lose about six pct of its
+value relative to the German currency, he said.
+    DRI estimates that foreign demand for Italian products
+should grow by a 3.2 pct this year following last year's 6.2
+pct increase.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15862" NEWID="10341">
+<DATE>27-MAR-1987 06:36:50.36&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0428&#31;reute</UNKNOWN>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-TRADE-SURPLUS-WILL-PO   03-27 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE SURPLUS WILL POSE ADDED PRESSURES FOR JAPAN</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Japan today announced another mammoth
+monthly trade surplus that economists said would be sure to
+intensify already mounting pressure on the country for action.
+    "The world has every reason to be furious with Japan for not
+moving more quickly," Jardine Fleming (Securities) Ltd economist
+Eric Rasmussen said.
+    The Finance Ministry said today that the trade surplus
+soared to 8.14 billion dlrs in February from 5.7 billion in
+January and 4.77 billion a year ago.
+    The current account surplus, which includes trade in
+services as well as goods, climbed to 7.38 billion dlrs last
+month from 4.95 billion in January and 3.89 billion a year ago.
+    After being adjusted for seasonal fluctuations, the figures
+look a bit better, but not much. On that basis, the trade
+surplus declined slightly in February to 9.16 billion dlrs from
+a record 9.58 billion in January.
+    "In the medium term we expect this modest improvement to
+continue but the pace of progress may be too slow to ward off
+further protectionism or further yen strength," said William
+Stirling, economist at Merrill Lynch Japan Inc.
+    A strong yen would make Japanese goods more expensive on
+world markets while making imports into the country cheaper.
+    "On a seasonally adjusted basis, we appear to be making some
+progress on getting exports down," Jardine's Rasmussen said.
+    But imports do not seem to be picking up much because the
+Japanese economy remains sluggish, he said.
+    Finance Ministry officials blamed last month's slower
+import growth on a decline in oil imports as refiners worked
+off stocks they had built up in January.
+    The officials took comfort from a decline in the volume of
+exports last month, after an unexpected year-on-year increase
+in January.
+    This means the effects of the two-year rise of the yen
+against the U.S. Dollar are finally beginning to have an impact
+on exports, they said.
+    But economists warned that may not be soon enough for
+Japan's trading partners.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15863" NEWID="10342">
+<DATE>27-MAR-1987 06:44:55.27&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0433&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-THYSSEN-SEES-GOOD-198   03-27 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THYSSEN SEES GOOD 1987 PROFIT DESPITE STEEL LOSSES</TITLE>
+<DATELINE>    DUISBURG, West Germany, March 27 - </DATELINE><BODY>Thyssen AG &lt;THYH.F> said
+it expects to post a good profit in 1987 despite anticipated
+losses in its mass steel-making operations this year.
+    Managing board chairman Dieter Spethmann told the annual
+meeting the group was satisfied with profit developments in the
+first half of the 1986/87 financial year to September 30.
+    The group's other three divisions -- specialty steel,
+capital goods and trading -- had made a profit so far in
+1986/87, he added.
+    Spethmann said income from associate companies had also
+been good in early 1986/87.
+    In 1985/86 Thyssen's world group profit fell to 370.1 mln
+marks from 472.4 mln in 1984/85, reflecting costs linked to its
+steel operations. The company's dividend was an unchanged five
+marks.
+    A Thyssen spokesman told Reuters that planned job cuts at
+subsidiary Thyssen Stahl AG would be higher than announced
+earlier. Total job losses by 1989 were now expected to total up
+to 7,800 against original projections of 5,900. Thyssen Stahl
+employs some 40,000 people.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15864" NEWID="10343">
+<DATE>27-MAR-1987 06:45:01.32&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0434&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-WALT-DISNEY-INCREASES   03-27 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALT DISNEY INCREASES EUROBOND TO 75 MLN AUST DLRS</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The amount of a eurobond issued
+yesterday by Walt Disney Co Ltd has been raised to 75 mln
+Australian dlrs from an original 60 mln, lead manager Warburg
+Securities said.
+    The issue, which matures on May 7, 1990, has a 14-1/2 pct
+coupon and is priced at 101-3/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15865" NEWID="10344">
+<DATE>27-MAR-1987 06:47:55.53&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0445&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D><D>dfl</D></TOPICS>
+<PLACES><D>netherlands</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-ECONOMIC-SPOTLIGHT--   03-27 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - DUTCH EXCHANGE RATE POLICY</TITLE>
+<AUTHOR>    By Marcel Michelson, Reuters</AUTHOR>
+<DATELINE>    AMSTERDAM, March 27 - </DATELINE><BODY>Recent slackness on Dutch capital
+markets has led some bankers to question the Central Bank's
+policy of pegging the guilder firmly to the West German mark
+and to ask for more flexiblility in exchange rate policy.
+    While agreeing with the Bank's commitment to defend the
+guilder strongly, some bankers want the Bank to make more use
+of the range within which the guilder and the mark can
+fluctuate against each other in the European Monetary System
+(EMS).
+    Roelof Nelissen, chairman of Amsterdam-Rotterdam Bank NV
+(Amro) said the Central Bank's policy was overcautious.
+    "I would like to suggest that the Bank use more freely the
+range given to the guilder in the EMS," Nelissen said at the
+presentation of Amro's 1986 annual report last week.
+    Within the EMS, the mark is allowed to fluctuate against
+the guilder between 110.1675 and 115.235 guilders per 100.
+    The Central Bank maintains a stricter policy and tries to
+keep the mark below the 113.00 guilders per 100. It regards a
+stable exchange rate as its main target, using interest rate
+policies to influence the exchange rate.
+    The preference of exchange rate goals above interest rate
+aims goes almost undisputed in the Netherlands.
+    Critics say the Bank keeps the reins unnecessarily short.
+    Rabobank Nederland said in its latest economic bulletin: "By
+maintaining the 113.00 limit, the Central Bank raises the
+expectation it will always intervene above that level. If it
+suddenly needs more flexibility it will find it very hard to
+obtain."
+    Amro's Nelissen said relatively small changes in interest
+rates and exchange rates could cause substantial flows of
+securities business and sharp fluctuations on the Dutch capital
+market. Large interest rate changes were often needed to bring
+about small changes in the guilder/mark exchange rate, he
+added.
+    Unlike Amro, Algemene Bank Nederland NV (ABN) says this is
+a price the Dutch have to pay. It fully agrees with the Central
+Bank's policy, director-general Julien Geertsema told Reuters,
+noting a 1983 decision not to revalue the guilder fully with
+the mark in the EMS hurt confidence in the Dutch currency.
+    "It is a pity we need such a wide interest rate difference
+between West Germany to maintain the exchange rate," he added.
+    Interest rate differentials between West Germany and the
+Netherlands are the main factors that trigger capital flows
+between the two countries, as the economic performance of the
+two does not differ much, economists said.
+    Data on 1986 capital flows between West Germany and the
+Netherlands have not yet been released, but in 1985 they
+accounted for only 10 pct of total trade flows between the two
+countries, put at 110 billion guilders for 1986 by the
+Dutch-German Chamber of Commerce earlier this month.
+    Economists say capital flows are more sensitive to interest
+and exchange rates.
+    West Germany is the Netherlands' largest single trading
+partner, taking 28 pct of Dutch exports and providing 26 pct of
+imports in the last quarter of 1986, Central Bureau of
+Statistics figures show.
+    At the moment, the rates for three month euromark deposits
+trade around 4.0 pct while the same deposits in guilders have a
+rate of around 5-7/16 pct.
+    Amro bank argues that the Dutch real interest rate will
+even rise further because of expectations of deflation here in
+1987, contrasting with slight inflation in West Germany.
+    In the Netherlands, the cost of living is expected to
+decrease by 1.5 pct at a GNP growth rate of two pct, the Dutch
+Central Planning Agency said in its 1987 forecast last month.
+German GNP is seen rising by two to 2.5 pct, but with inflation
+between zero and 1.0 pct, according to most German forecasts.
+    But despite this upward push on real Dutch rates, money
+dealers do not expect the Central Bank to cut official rates
+independently without prior moves by the Bundesbank.
+    Following the West German interest rate cuts on January 22,
+the Dutch Central Bank did not lower its rates but set a 0.5
+pct lower tariff for special advances and abandoned its credit
+surcharge. Most traders were surprised by this move as they had
+expected the Bank to follow suit unconditionally, they said.
+    The Bank said it lowered the rate with the largest impact
+on the money market as far as the exchange rate permitted.
+    While not entirely unsympathetic to critics of its
+policies, the Central Bank keeps its grip firm and the range
+narrow.
+    "The European Monetary System is not only a relationship
+between the guilder and the mark. Many times widening of the
+margin between the two would implicate we have to buy or sell
+large amounts of a third currency," Central Bank vice-director
+Jan-Hendrik Du Marchie Sarvaas said.
+    "If we allowed the guilder to become a little cheaper, the
+markets would start to believe it was weak. We don't want that.
+We want to make clear that the guilder is just as strong as the
+mark," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15866" NEWID="10345">
+<DATE>27-MAR-1987 07:02:05.60&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0469&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>fse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-GERMAN-STOCKS-SYSTEM   03-27 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN STOCKS SYSTEM SHOULD DEVELOP ALONGSIDE CITY</TITLE>
+<DATELINE>    FRANKFURT, March 27 - </DATELINE><BODY>The German auction system of shares
+trading, retaining the business floor, can develop in parallel
+to off-floor computer trading introduced in London in the "Big
+Bang," Frankfurt stock exchange president Michael Hauck said.
+    Hauck told a conference that it was unclear if the
+Frankfurt floor would become superfluous. The Frankfurt
+exchange did 55 pct of all German securities trading and was
+investing 86 mln marks in renovating its building. A
+screen-delivered in-house quotation system would soon be in
+place too.
+    The nature of the auction system limited how far trading
+hours could be extended from the present two-hour session.
+    Other practical problems inhibited the German ability to
+follow London's moves. Official brokers, who set the prices,
+were under the control of the Finance Ministry. This meant
+transfer of securities control to an independent body, if
+desired, would need legislative changes, Hauck said.
+    "Shorting" stocks in Germany was also prohibited by the rules
+for pension and insurance funds. They could thus not be lent
+out for the kind of speculative positions taken by London
+market makers.
+    But Hauck said the system in London could be criticised for
+being too distant from those it should serve.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15867" NEWID="10346">
+<DATE>27-MAR-1987 07:05:32.87&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0474&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-STRIKES-HALT-PLANES-A   03-27 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRIKES HALT PLANES AND TRAINS IN SPAIN</TITLE>
+<DATELINE>    MADRID, March 27 - </DATELINE><BODY>Spain's air and rail transport was at a
+virtual standstill as airline ground staff and railway workers
+joined university students and health workers in strikes
+against the Socialist government.
+    Railway workers and staff at the state airlines Iberia and
+Aviaco want pay rises of seven to eight pct but the government
+has imposed a ceiling of five pct to control inflation.
+    Under a government decree ordering the strikers to maintain
+minimum services Iberia was due to operate 32 of its 330
+flights and Aviaco 10 out of 82. Flights to and from Spain by
+other airlines were not affected.
+    Student demonstrations in several cities last night led to
+clashes with riot police in Madrid, Cadiz and Saragossa.
+    The state railway network operated some commuter services
+but passengers who tried to use the few sleeper trains running
+last night were met by angry pickets and found compartments
+without light or heating.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15868" NEWID="10347">
+<DATE>27-MAR-1987 07:11:25.12&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0482&#31;reute</UNKNOWN>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-WORLD-BANK-CHIEF-URGE   03-27 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK CHIEF URGES MORE JAPANESE INVESTMENT</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>World Bank President Barber Conable
+called on Japan to boost investment in developing nations, for
+its own sake as well as that of the world economy.
+    "Japan has the means to make a major contribution to
+development in the Third World," he told about 500 Japanese
+businessmen and academics. "I would be pleased with additional
+support."
+    With 25 pct of the world's total banking assets, Japan
+could do more to help assist indebted Third World countries
+develop roads, bridges and other infrastructure, he said.
+    Conable said additional commercial bank investment would
+also be to Japan's advantage.
+    It would profit from rechannelling its huge trade surplus
+into Third World economies -- notably those in South America,
+China and India -- that are likely to expand faster than those
+in the developed world, he said.
+    Japan is now the second largest shareholder in the Bank's
+concessionary lending affiliate, the International Development
+Association (IDA). It has also agreed recently to expand its
+contribution to another affiliate, the International Bank for
+Reconstruction and Development (IBRD), Conable noted.
+    Conable said the World Bank was expanding its structural
+adjustment loans, designed to encourage developing countries to
+open their economies more to free competition and trade.
+    "Adjustment loans could rise to 30 pct (of total World Bank
+loans) in the near future, though maybe not this year," Conable
+told Reuters after his speech.
+    Such loans currently account for slightly over 20 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15869" NEWID="10348">
+<DATE>27-MAR-1987 07:11:41.05&#5;&#5;&#5;F C G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0483&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-HENKEL-SELLS-HAMBURG   03-27 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENKEL SELLS HAMBURG OIL AND FATS SUBSIDIARY</TITLE>
+<DATELINE>    HAMBURG, March 27 - </DATELINE><BODY>Applied chemicals group Henkel KGaA
+&lt;HNKG.F> said it is selling its Hamburg vegetable oil and fats
+subsidiary Noblee und Thoerl GmbH to Oelmuehle Hamburg AG.
+    A company spokesman declined to give the purchase price.
+Noblee, a supplier of specialised refined oils and fats to the
+food processing industry, had turnover of 161 mln marks last
+year.
+    A Henkel statement said the divestment was part of the
+company's strategy of concentrating on its core businesses. For
+Oelmuehle, the acquisition of Noblee means access to new
+markets, the statement added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15870" NEWID="10349">
+<DATE>27-MAR-1987 07:12:19.18&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0485&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-&lt;ELDERS-RESOURCES-LTD   03-27 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ELDERS RESOURCES LTD> FIRST HALF ENDED DEC 31</TITLE>
+<DATELINE>    MELBOURNE, March 27 -
+    </DATELINE><BODY>Net shr 7.6 cents vs 3.0
+    Int div 3.0 cents vs nil
+    Net 16.93 mln vs 5.47 mln
+    Sales 160.14 mln vs 2.35 mln.
+    Other income 6.29 mln vs 10.05 mln
+    Shrs 223.16 mln vs 183.68 mln.
+    NOTE - Two-for-seven non-renounceable rights issue of 8.0
+pct five-year subordinated convertible redeemable unsecured
+notes at 2.50 dlrs each. Each note is convertible into one
+share. Div pay May 1. Div and issue reg April 16.
+    Net is after tax 7.04 mln dlrs vs 3.82 mln, interest 2.52
+mln vs 1.14 mln, depreciation 2.43 mln vs 123,000 and
+minorities 3.41 mln vs 2.91 mln but before net extraordinary
+loss 821,000 vs nil.
+    Company is owned 46.99 pct by Elders IXL Ltd &lt;ELXA.S>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15871" NEWID="10350">
+<DATE>27-MAR-1987 07:13:40.67&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0490&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-USSR-SEES-STRONG-FORE   03-27 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR SEES STRONG FOREIGN INTEREST IN JOINT VENTURES</TITLE>
+<AUTHOR>    By Helen Womack, Reuters</AUTHOR>
+<DATELINE>    MOSCOW, March 27 - </DATELINE><BODY>Soviet officials said foreign
+businessmen are expressing strong interest in establishing
+joint enterprises in the Soviet Union and already 30
+preliminary agreements had been signed with Western firms.
+    But Western economic experts described foreign business
+interest as cautious and noted that no final contracts had been
+sealed to set up joint ventures on Soviet territory.
+    Moscow last year invited companies in socialist, developing
+and capitalist countries to start joint ventures as part of a
+programme to open up the Soviet Union's foreign trade ties.
+    At the same time, a number of Soviet ministries and
+enterprises received the right to deal directly on world
+markets. Previously the Ministry of Foreign Trade monopolised
+all import and export business.
+    Explaining the changes at a news conference today, Deputy
+Prime Minister Vladimir Kamentsev said they had received a
+mixed reaction in the foreign press but a warm response from
+businessmen.
+    Over 200 proposals for establishing joint ventures had been
+received from foreign firms, 121 of which had been judged of
+mutual interest, he said.
+    Thirty protocols had been signed and 12 projects were
+"practically implemented," including ventures with Finnish,
+Japanese, West German and American firms, he added.
+    But Western diplomats specialising in Soviet economic
+affairs said the protocols were not legally binding and not a
+single contract had been finalised.
+    "The Soviet Union is selling the joint venture idea very
+hard because it wants to obtain new technology cheaply, but I
+would say business reaction in the West has been cool so far,"
+commented one diplomat.
+    Asked why this was so, he said the rules for running joint
+ventures were still unclear and no Western firm wanted to be
+the first to take a major financial risk.
+    Kamentsev, flanked by Foreign Trade Minister Boris Aristov,
+Foreign Trade Bank Chairman Yuri Ivanov and other officials,
+repeated terms for the establishment of joint ventures,
+including the ground-rule that the Soviet side must have a
+stake of at least 51 pct in any enterprise.
+    He said some businessmen had the mistaken impression that
+foreign partners could only take profits from the products
+which their enterprises exported.
+    "I would like to stress that the foreign partner can take
+profits from all the products which his venture produces
+according to his share of the capital," Kamentsev said.
+    He added that the Soviet Union was interested in "long-term
+and stable contacts" with foreign firms and was offering a
+number of tax breaks to companies which invested here.
+    Speaking about the reform giving individual Soviet trading
+organisations more autonomy, Kamentsev said 21 ministries and
+75 enterprises now had the right to deal for themselves on
+world markets.
+    Organisations enjoying this right handled 25 pct of total
+Soviet trade including 40 pct of trade in machines and tools,
+he said.
+    The Ministry of Foreign Trade continued to conduct business
+for the remaining ministries and state enterprises and
+supervised trade in essential products such as food.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15872" NEWID="10351">
+<DATE>27-MAR-1987 07:14:06.23&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0493&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-IBM-AUSTRALIA-CREDIT   03-27 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM AUSTRALIA CREDIT ISSUES AUS DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>IBM Australia Credit Ltd is issuing a 75
+mln Australian dlr eurobond due April 24, 1990 with a 14-1/8
+pct coupon and priced at 101-1/4, Salomon Brothers
+International Ltd said as lead manager.
+    The non-callable bonds will be issued in denominations of
+1,000 and 10,000 dlrs and will be listed in Luxembourg. Gross
+fees of 1-1/2 pct comprise 1/2 pct for management and
+underwriting combined and one pct for selling.
+    There will be co-leads. The borrower is wholly owned by
+International Business Machines Corp &lt;IBM.N>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15873" NEWID="10352">
+<DATE>27-MAR-1987 07:16:49.94&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0502&#31;reute</UNKNOWN>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-NAKASONE-TO-VISIT-WAS   03-27 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE TO VISIT WASHINGTON IN LATE APRIL</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone will
+make an official week-long visit to the United States from
+April 29 and hold talks in Washington with President Reagan,
+Chief Cabinet Secretary Masaharu Gotoda told reporters.
+    Government sources said Nakasone would try to resolve
+growing bilateral trade friction and discuss the June Venice
+summit of Western industrial democracies.
+    Foreign Minister Tadashi Kuranari will accompany Nakasone,
+ministry officials said.
+    U.S. Industry sources in Washington said the White House
+Economic Policy Council was recommending trade sanctions
+against Japan for violating the two countries' agreement on
+semiconductor trade.
+    Under the pact, Japan pledged to stop dumping microchips in
+the U.S. And Asia and open its domestic market to U.S.
+Semiconductors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15874" NEWID="10353">
+<DATE>27-MAR-1987 07:17:24.87&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0505&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-MEXICO-DENIES-BRITISH   03-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO DENIES BRITISH BANKS BALKING AT DEBT DEAL</TITLE>
+<DATELINE>    MEXICO CITY, March 26 - </DATELINE><BODY>Mexico denied reports that British
+banks are resisting signing a 76 billion dlr new loan and
+rescheduling package.
+    In a statement, the Finance Ministry said the process for
+formalizing the package was going as planned.
+    Banking sources in London had been quoted earlier as saying
+the British banks were balking at signing the package in an
+effort to get all participants to contribute equally to a new
+7.7 billion dlr loan contained in the deal.
+    However, the Finance Ministry statement said all the
+British banks had promised their participation in the loan.
+    "The contribution of each one of them corresponds exactly to
+the request of the Mexican government," the statememt said.
+    The ministry said Citibank, which chairs Mexico's bank
+advisory committee, has received cables from the British banks
+"confirming said commitment."
+    The ministry said the books on the package would be closed
+by mid-April and the first 3.5 billion dlrs of the new money
+should arrive by the end of the month.
+    It also said French, Swiss and "some" Canadian banks had
+subscribed to the package and that the remaining Canadian banks
+would sign the accord in the next few days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15875" NEWID="10354">
+<DATE>27-MAR-1987 07:18:32.60&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0508&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-BANK-OF-SPAIN-SUSPEND   03-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF SPAIN SUSPENDS ASSISTANCE</TITLE>
+<DATELINE>    MADRID, March 27 - </DATELINE><BODY>The Bank of Spain suspended its daily
+money market assistance obliging borrowers to take funds from
+the second window, where on Wednesday rates were raised to 16
+pct compared with 14 pct for normal overnight funds.
+    Money market sources said in view of high borrower demand
+the suspension was likely to remain in effect until April 3,
+the start of the next 10-day accounting period for reserve
+requirements. The suspension comes after the Bank yesterday
+gave 1,145 billion pesetas assistance, a record high for this
+year.
+    It said 90 billion pesetas was provided at the second
+window.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15876" NEWID="10355">
+<DATE>27-MAR-1987 07:27:59.04&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0521&#31;reute</UNKNOWN>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-NAKASONE-HARD-PRESSED   03-27 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE HARD-PRESSED TO SOOTHE U.S ANGER ON TRADE</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone will
+visit Washington next month in a bid to defuse mounting U.S.
+Anger over Japanese trade policies, but Western diplomats said
+they believed his chances of success were slim.
+    Boxed in by powerful political pressure groups and
+widespread opposition to his tax reform plans, Nakasone will be
+hard-pressed to come up with anything new to tell U.S.
+President Ronald Reagan and key U.S. Congressmen, they said.
+    News of the week-long visit starting April 29 coincided
+with news that Japan recorded a 8.14 billion dlr trade surplus
+last month, more than 70 pct higher than a year earlier.
+    It also came one day after the Reagan Administration's
+Economic Policy Council decided to take retaliatory action
+against Japan for its alleged failure to live up to a joint
+trade agreement on computer microchips.
+    Nakasone wants to go armed with two separate packages - one
+designed to pep up Japan's sagging economy and imports in the
+short-term, the other to redirect the country in the medium
+term away from its over-dependence on exports for growth.
+    But government officials said political infighting could
+rob both packages of much of their punch and might even prevent
+one from seeing the light of day.
+    Nakasone has insisted that the government would not draw up
+a package of short-term economic measures until after its
+1987/88 budget passed parliament because he feared that would
+amount to a tacit admission that the budget was inadequate.
+    But his hopes for quick passage of the budget in time for
+his trip have been shattered by a parliamentary boycott by
+opposition parties protesting over the sales tax plan.
+    Faced with the possibility that he might have to go to the
+U.S. Virtually empty-handed, Nakasone today ordered his ruling
+Liberal Democratic Party (LDP) to come up with its own
+measures.
+    He can then tell Reagan the LDP package will form the basis
+of the government's plans, without losing face in parliament
+over the budget, political analysts said.
+    Officials working on the government's short-term economic
+package said it would probably include interest rate cuts on
+loans by government corporations, deregulation, measures to
+pass on some of the benefits of the strong yen to consumers in
+the form of lower prices, and accelerated public investment.
+    They said a record portion of state investment planned for
+the entire 1987/88 fiscal year will take place in the first
+half, probably over 80 pct.
+    Diplomats said that was unlikely to be enough to satisfy
+Reagan, who is under pressure from the Democrat-controlled U.S.
+Congress to take greater action to cut the huge American trade
+deficit.
+    To complement the short-term measures, Nakasone is also
+likely to present Reagan with details of Japan's longer-term
+economic plans.
+    A high-ranking advisory body headed by former Bank of Japan
+governor Haruo Maekawa is expected to come up with a final
+report outlining concrete steps to redirect the economy days
+before Nakasone is scheduled to leave for Washington.
+    Its recommendations are designed as a follow-up to
+Maekawa's report last year on economic restructuring and are
+likely to cover such potentially politically explosive areas as
+agricultural reform and land policy, officials said.
+    While wanting to make the report as explicit and detailed
+as possible, they said the political realities might force them
+to water down some of the committee's recommendations.
+    A subcommittee is considering what the Japanese economy
+might look like in the medium to longer term after it undergoes
+massive restructuring, officials said. The subcommittee
+projects that the current account surplus will fall to less
+than two pct of Japan's total output, or gross national
+product, around 1993 or 1995. Last year the surplus, which
+measures trade in goods and services, amounted to over four pct
+of gnp.
+    The subcommittee also projects annual economic growth for
+Japan of nearly four pct over that period and a very gradual
+appreciation of the yen, to about 130 to the dollar by around
+1993, from 150 now.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15877" NEWID="10356">
+<DATE>27-MAR-1987 07:29:24.33&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0525&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-U.K.-MONEY-MARKET-GIV   03-27 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 265 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The Bank of England said it provided the
+money market with 265 mln stg in assistance this morning.
+    This compares with the bank's estimate of the shortage in
+the system of 750 mln stg, earlier revised up from 700 mln.
+    The central bank purchased bank bills outright comprising
+119 mln stg in band one at 9-7/8 pct, 144 mln stg in band two
+at 9-13/16 pct and two mln stg in band three at 9-3/4 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15878" NEWID="10357">
+<DATE>27-MAR-1987 07:29:31.78&#5;&#5;&#5;V</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0526&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-BANK-OF-JAPAN-INTERVE   03-27 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES TO STEM DOLLAR FALL</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The Bank of Japan intervened in the
+market to keep the dollar above 149 yen but the unit was under
+strong selling pressure by an investment trust, dealers said.
+    The central bank stepped into the market when the dollar
+fell towards 149.00 yen, but a trust bank aggressively sold
+dollars to hedge currency risks, and the Bank intervened again
+at 149.00, they said.
+    The trust bank apparently changed its earlier view that the
+dollar would rise and started selling relatively large amounts
+of dollars, pushing the unit down to 148.80 at one point,
+brokers said.
+    One dealer estimated that the Bank bought 400 mln to 500
+mln dlrs as it tried to keep the U.S. Currency above 149 yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15879" NEWID="10358">
+<DATE>27-MAR-1987 07:30:29.12&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0531&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-BANK-OF-FRANCE-AGAIN   03-27 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE AGAIN BUYING DOLLARS, SOURCES SAY</TITLE>
+<DATELINE>    PARIS, March 27 - </DATELINE><BODY>The Bank of France intervened in the
+Paris foreign exchange market this morning for the third
+successive day, banking sources said.
+    Like yesterday, it bought dollars and sold yen in small
+amounts, they said.
+    One dealer said it was seen in the market twice in early
+dealing, buying five mln dlrs each time.
+    Other dealers also reported small-scale intervention to
+stabilise the dollar after aggressive selling overnight in
+Tokyo, where the Bank of Japan also intervened again.
+    The dollar steadied at around 6.0650/0700 francs after
+easing in early trading to 6.0615/35 from an opening 6.0700/50.
+It closed yesterday at 6.0800/30.
+    One major french bank said it bought 10 mln dlrs for the
+central bank, selling yen, within a trading range of 148.20/30
+yen to the dollar, compared with yesterday's 149.28 rate at
+which intervention was carried out here.
+    The yen later firmed to around 147.90/148.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15880" NEWID="10359">
+<DATE>27-MAR-1987 07:30:49.78&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0534&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-BUNDESBANK-BOUGHT-DOL   03-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK BOUGHT DOLLARS AGAINST YEN, DEALERS SAY</TITLE>
+<DATELINE>    FRANKFURT, March 27 - </DATELINE><BODY>The Bundesbank entered the open
+market in the late morning to buy dollars against yen in
+concert with the Bank of France, dealers said.
+    The Bundesbank came into the market when the dollar was
+around 148.10 yen just after it had fallen below 148 to touch
+147.80 at 1027 GMT. The move had little effect, with the dollar
+still testing 148 yen ahead of the official fixing.
+    Dealers said the intervention was for fairly small amounts,
+in contrast to the Bundesbank's activity on Wednesday when
+dealers reported it bought about 100 mln dlrs.
+    The Bundesbank had no comment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15881" NEWID="10360">
+<DATE>27-MAR-1987 07:31:45.13&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0538&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-JAPAN-LIKELY-TO-ALLOW   03-27 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN LIKELY TO ALLOW FOREIGN FUTURES MARKET USE</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The finance ministry appears ready to
+allow Japanese financial institutions to use overseas financial
+futures markets, a ministry official said.
+    He declined to say when, but banking sources expect
+approval as early as April. Banks, securities houses and
+insurance companies are expected to become eligible to deal in
+deposit, interest rate, bond and stock index futures.
+    Ministry officials said they are wary of giving permission
+to individuals or corporations because of their relative
+inexperience.
+    Broking for Japanese residents by financial institutions
+would be prohibited as securities exchange laws bar banks from
+doing this, the banking sources said.
+    Overseas subsidiaries and branches of Japanese banks and
+securities houses have already been allowed to use the overseas
+futures markets on their own accounts.
+    The Finance Ministry Ordinance based on Foreign Exchange
+Administration Law will have to be revised to allow local
+institutions to join the overseas markets, a ministry official
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15882" NEWID="10361">
+<DATE>27-MAR-1987 07:31:59.58&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0540&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-BRIERLEY-BIDS-4.35-DO   03-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRIERLEY BIDS 4.35 DOLLARS/SHARE FOR PROGRESSIVE</TITLE>
+<DATELINE>    WELLINGTON, March 27 - </DATELINE><BODY>&lt;Brierley Investments Ltd> (BIL)
+launched a full takeover bid for the supermarket group
+&lt;Progressive Enterprises Ltd> at 4.35 dlrs a share.
+    BIL said in a statement the offer is conditional on minimum
+acceptances totalling 30 mln shares, just under 25 pct of the
+120.4 mln Progressive shares on issue.
+    Progressive is currently involved in a proposed merger with
+&lt;Rainbow Corp Ltd>. Rainbow earlier this week raised its stake
+in Progressive to 52 pct. BIL opposes the Rainbow merger and
+analysts say BIL needs a 25 pct stake in Progressive to prevent
+it occurring.
+    The merger involves shareholders in Progressive and Rainbow
+both receiving shares in a new company &lt;Astral Pacific Corp
+Ltd> on a one-for-one exchange basis.
+    The BIL bid is higher than the 4.20 dlrs BIL said it would
+offer when it first announced on Monday it would make a full
+bid for Progressive, and it follows much public debate between
+BIL and Rainbow.
+    BIL Chief Executive Paul Collins said last week that he
+opposes the Rainbow/Progressive merger because BIL sees
+Progressive shares as being worth twice as much as Rainbow's.
+BIL has not disclosed how many Progressive shares it holds.
+    Rainbow has said the merger is soundly based. Chairman
+Allan Hawkins said last week that BIL's actions were aimed only
+at dirsrupting the merger and were not in the interests of
+Progressive shareholders.
+    Both Rainbow's and Progressive's boards have approved the
+merger proposal. It has also been approved by the Commerce
+Commission, but BIL's bid is still subject to the Commission's
+scrutiny.
+    Progressive shares ended at 4.35 dlrs, Rainbow at 3.42 and
+BIL at 4.17 at the close of New Zealand Stock Exchange trading
+today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15883" NEWID="10362">
+<DATE>27-MAR-1987 07:38:24.52&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0557&#31;reute</UNKNOWN>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-S.-African-Feb-trade   03-27 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> S. African Feb trade surplus 1.62 billion rand vs Jan surplus 906.2 mln - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15884" NEWID="10363">
+<DATE>27-MAR-1987 07:39:50.82&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0562&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-NORWAY'S-HELIKOPTER-S   03-27 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY'S HELIKOPTER SERVICE TO BUILD BELL HELICOPTERS</TITLE>
+<DATELINE>    STAVANGER, March 27 - </DATELINE><BODY>&lt;Helikopter Service A/S>, Norway's
+biggest helicopter operator, will assemble 18 Bell 412 SP
+helicopters for Norwegian Defence under license from &lt;Bell
+Helicopters Textron> of the U.S., The company said.
+    The 18 medium-range helicopters, worth 540 mln crowns, will
+be assembled at the company's facilities at Sola airport in
+Stavanger. Helikopter Service technical director Trygve Eidem
+said the 25-mln crown assembly contract will help the company
+diversify its operations. Helikopter Service's main income is
+from chartered flights between Norway's North Sea oil fields
+and mainland heliports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15885" NEWID="10364">
+<DATE>27-MAR-1987 07:41:01.59&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0566&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-JAPAN-SETS-ASIDE-YEN   03-27 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SETS ASIDE YEN FUNDS TO PREVENT DLR FALL</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The 50-day provisional 1987/88 budget,
+adopted today by the government, allows the Finance Ministry to
+issue up to 14,600 billion yen worth of foreign exchange fund
+financing bills, government sources said.
+    Foreign exchange dealers said the yen funds would be used
+to buy dollars, to prevent a further dollar fall.
+    The government sources said the amount, covering the first
+50 days of the year starting April 1, accounts for more than 90
+pct of the 16,000 billion yen in bills incorporated in the full
+budget.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15886" NEWID="10365">
+<DATE>27-MAR-1987 07:41:54.16&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0572&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-WALT-DISNEY-INCREASES   03-27 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALT DISNEY INCREASES EUROBOND TO 75 MLN AUST DLRS</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The amount of a eurobond issued
+yesterday by Walt Disney Co Ltd has been raised to 75 mln
+Australian dlrs from an original 60 mln, lead manager Warburg
+Securities said.
+    The issue, which matures on May 7, 1990, has a 14-1/2 pct
+coupon and is priced at 101-3/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15887" NEWID="10366">
+<DATE>27-MAR-1987 07:42:19.23&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0573&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-FLETCHER-TO-BE-FLETCH   03-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLETCHER TO BE FLETCHER CHALLENGE CHIEF EXECUTIVE</TITLE>
+<DATELINE>    WELLINGTON, March 27 - </DATELINE><BODY>&lt;Fletcher Challenge Ltd> (FCL)
+chairman Ron Trotter will step aside as chief executive in
+October on reaching 60 and will be replaced by group managing
+director Hugh Fletcher, FCL said in a statement.
+    Fletcher, 39, whose grandfather James Fletcher was the
+founder of &lt;Fletcher Industries> from which FCL partly takes
+its name, joined the group in 1969.
+    He holds master of commerce, bachelor of science and MBA
+degrees from Harvard University and is also chairman of Air New
+Zealand. No new managing director has been named yet to replace
+him.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15888" NEWID="10367">
+<DATE>27-MAR-1987 07:55:53.91&#5;&#5;&#5;C T</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0594&#31;reute</UNKNOWN>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-SUGAR-MARKET-SEES-GOO   03-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUGAR MARKET SEES GOOD RECENT OFFTAKE</TITLE>
+<AUTHOR>    By Peter Read</AUTHOR>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>Reports the Soviet Union has lately
+extended its recent buying programme by taking five to eight
+raws cargoes from the free market at around 30/40 points under
+New York May futures highlight recent worldwide demand for
+sugar for a variety of destinations, traders said.
+    The Soviet buying follows recent whites buying by India,
+Turkey and Libya, as well as possible raws offtake by China.
+    Some 300,000 to 400,000 tonnes could have changed hands in
+current activity, which is encouraging for a sugar trade which
+previously saw little worthwhile end-buyer enquiry, they added.
+    Dealers said a large proportion of the sales to the Soviet
+Union in the past few days involved Japanese operators selling
+Thai origin sugar.
+    Prices for nearby shipment Thai sugars have tightened
+considerably recently due to good Far Eastern demand, possibly
+for sales to the Soviet Union or to pre-empt any large block
+enquiries by China, they said.
+    Thai prices for March/May 15 shipments have hardened to
+around 13/14 points under May New York from larger discounts
+previously, they added.
+    Traders said the Soviet Union might be looking to buy more
+sugar in the near term, possibly towards an overall requirement
+this year of around two mln tonnes. It is probable that some
+1.8 mln tonnes have already been taken up, they said.
+    Turkey was reported this week to have bought around 100,000
+tonnes of whites while India had further whites purchases of
+two to three cargoes for Mar/Apr at near 227 dlrs a tonne cost
+and freight and could be seeking more. Libya was also a buyer
+this week, taking two cargoes of whites which, for an
+undisclosed shipment period, were reported priced around
+229/230 dlrs a tonne cost and freight, they added.
+    Futures prices reacted upwards to the news of end-buyer
+physicals offtake, although much of the enquiry emerged
+recently when prices took an interim technical dip, traders
+said.
+    Pakistan is lined up shortly to buy 100,000 tonnes of
+whites although traders said the tender, originally scheduled
+for tomorrow, might not take place until a week later.
+    Egypt will be seeking 20,000 tonnes of May arrival white
+sugar next week, while Greece has called an internal EC tender
+for 40,000 tonnes of whites to be held in early April, for
+arrival in four equal parts in May, June, July and August.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15889" NEWID="10368">
+<DATE>27-MAR-1987 08:00:55.20&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0609&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-BANK-OF-FRANCE-BUYS-D   03-27 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF FRANCE BUYS DOLLARS AT PARIS FIXING - DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15890" NEWID="10369">
+<DATE>27-MAR-1987 08:05:48.50&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0621&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-DUTCH-IBM-UNIT-CHARGE   03-27 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH IBM UNIT CHARGED WITH PRICE UNDERCUTTING</TITLE>
+<DATELINE>    AMSTERDAM, March 27 - </DATELINE><BODY>Three Dutch computer leasing firms
+are charging the Dutch unit of International Business Machines
+Corp &lt;IBM.N> with unfair trading practices, saying its prices
+undercut the leasing market, a court spokesman said.
+    He said the three firms started summary proceedings in the
+Amsterdam district court yesterday against IBM Nederland NV and
+its leasing finance subsidiary IBM Nederland Financieringen BV.
+A verdict is expected on April 16.
+    The three firms suing IBM here are IBL Holland BV, ICA
+Europe BV and Econocom Nederland BV. An IBM Nederland spokesman
+said the firm denied the charges but declined further comment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15891" NEWID="10370">
+<DATE>27-MAR-1987 08:06:15.64&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0623&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-swiss-national-bank-s   03-27 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> swiss national bank says bought dollars against yen
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15892" NEWID="10371">
+<DATE>27-MAR-1987 08:07:09.04&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0629&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-UNION-MINIERE-TAKES-S   03-27 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION MINIERE TAKES STAKE IN PANCONTINENTAL</TITLE>
+<DATELINE>    BRUSSELS, March 27 - </DATELINE><BODY>&lt;Union Miniere SA> said in a statement
+that it has acquired an eight pct interest in Pancontinental
+Mining Ltd &lt;PANA.S> for a sum equivalent to 1.2 billion Belgian
+francs.
+    Pancontinental operates gold and coal mines in Australia
+and natural gas and oil fields in Canada.
+    Union Miniere said the location of its interest within the
+Pancontinental group will be decided later. It did not
+elaborate.
+    Union Miniere is a wholly owned subsidiary of Societe
+Generale de Belgique &lt;BELB.BR>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15893" NEWID="10372">
+<DATE>27-MAR-1987 08:07:17.04&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0630&#31;reute</UNKNOWN>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-S.-AFRICAN-TRADE-SURP   03-27 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICAN TRADE SURPLUS RISES SHARPLY IN FEBRUARY</TITLE>
+<DATELINE>    JOHANNESBURG, March 27 - </DATELINE><BODY>South Africa's trade surplus rose
+to 1.62 billion rand in February after falling to 906.2 mln in
+January, Customs and Excise figures show.
+    This compares with a year earlier surplus of 958.9 mln
+rand.
+    Exports rose slightly to 3.36 billion rand in February from
+3.31 billion in January but imports fell to 1.74 billion from
+2.41 billion.
+    This brought total exports for the first two months of 1987
+to 6.67 billion rand and imports to 4.15 billion for a total
+surplus of 2.52 billion rand against 1.71 billion a year
+earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15894" NEWID="10373">
+<DATE>27-MAR-1987 08:07:58.59&#5;&#5;&#5;C G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0635&#31;reute</UNKNOWN>
+<TOPICS><D>carcass</D><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-EC-EXTENDS-PARTS-OF-F   03-27 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC EXTENDS PARTS OF FREE FOOD FOR POOR SCHEME</TITLE>
+<DATELINE>     BRUSSELS, March 27 - </DATELINE><BODY>A scheme to distribute surplus food
+free to the poor in the European Community (EC), which was due
+to expire next Tuesday, will be partially extended for a
+further month, an EC Commission spokesman said.
+    He added the executive Commission has not yet decided
+whether the scheme should become a permanent feature of the
+EC's struggle to find a use for its massive stocks of farm
+produce.
+    Almost 60,000 tonnes of cereals, sugar, beef, butter and
+other food have been authorised for distribution under an
+operation sanctioned by EC farm ministers on January 20 in
+which charities act as executive Commission agents.
+    The original idea was to help the needy survive this year's
+unusually cold European winter.
+    The spokesman said the Commission was extending the scheme
+fully in Greece, which has recently been hit by unseasonal
+snowstorms, for the month of April.
+    Other EC countries would be authorised to use stocks of
+food for which they have already applied under the scheme up to
+April 30. The spokesman said this would enable distribution of
+flour, semolina, sugar and olive oil at a relatively high rate
+next month.
+    He said the Commission, which has powers to continue most
+aspects of the scheme without consulting ministers further,
+will be considering soon whether it should be made permanent.
+    Cost, which has already reached around 65 mln European
+currency units, would be a major consideration.
+    End-January stocks included 1.28 mln tonnes of butter,
+520,000 tonnes of beef and over 10 mln tonnes of cereals.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15895" NEWID="10374">
+<DATE>27-MAR-1987 08:13:03.76&#5;&#5;&#5;V</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0653&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-ANDREOTTI-DROPS-COALI   03-27 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANDREOTTI DROPS COALITION BID</TITLE>
+<DATELINE>    ROME, March 25 - </DATELINE><BODY>Veteran politician Giulio Andreotti
+abandoned his attempts to form a government, putting Italy on
+course for early elections, political sources said.
+    Christian Democrat Andreotti told President Francesco
+Cossiga he was unable to reconstruct the five-party coalition
+after two weeks of negotiations, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15896" NEWID="10375">
+<DATE>27-MAR-1987 08:13:21.80&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0655&#31;reute</UNKNOWN>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-INDIA-STEPS-UP-COUNTE   03-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA STEPS UP COUNTERTRADE DEALS TO CUT TRADE GAP</TITLE>
+<AUTHOR>    By Ajoy Sen, Reuters</AUTHOR>
+<DATELINE>    NEW DELHI, March 27 - </DATELINE><BODY>India is searching for non-communist
+countertrade partners to help it cut its trade deficit and
+conserve foreign exchange.
+    Wheat, tobacco, tea, coffee, jute, engineering and
+electronic goods, as well as minerals including iron ore, are
+all on offer in return for crude oil, petroleum products,
+chemicals, steel and machinery, trade sources told Reuters.
+    Most of the impetus behind countertrade, which began in
+1984, comes from two state trading firms -- the State Trading
+Corp (STC) and the Minerals and Metals Trading Corp (MMTC).
+    "The two state trading corporations are free to use their
+buying power in respect to bulk commodities to promote Indian
+exports," a commerce ministry spokeswoman said, adding that
+private firms are excluded from countertrading.
+    One trade source said India has targetted countries that
+depend on an Indian domestic market recently opened to foreign
+imports.
+    However, countertrade deals still make up only a small part
+of India's total trading and are likely to account for less
+than eight pct of the estimated 18.53 billion dlrs in trade
+during the nine months ended December, the sources said.
+    Countertrade accounted for just five pct of India's 25.65
+billion dlrs in trade during fiscal 1985/86 ended March,
+against almost nothing in 1984/85, official figures show.
+    However, the figures exclude exchanges with the Eastern
+Bloc paid in non-convertible Indian rupees, the sources said.
+    Total trade with the Soviet Union, involving swaps of
+agricultural produce and textiles for Soviet arms and crude
+oil, is estimated at 3.04 billion dlrs in fiscal 1986/87,
+against three billion in 1985/86.
+    Indian countertrade, which is being promoted mainly to help
+narrow the country's large trade deficit, is still
+insignificant compared with agreements reached by Indonesia,
+Venezuela and Brazil, the trade sources said.
+    The trade deficit, which hit an estimated record 6.96
+billion dlrs in 1985/86, is expected to decline to 5.6 billion
+in the current fiscal year.
+    But the push to include non-communist countries in
+countertrade is also due to other factors, including the slow
+growth of foreign reserves, a tight debt repayment schedule,
+shrinking aid and trade protectionism, businessmen said.
+    One source said India is showing more dynamism in promoting
+countertrade deals than in the past, when the deals were made
+discreetly because they break GATT rules. As a member of the
+General Agreement on Tariffs and Trade (GATT), India cannot
+officially support bartering.
+    The MMTC's recent countertrade deals include iron ore
+exports to Yugoslavia for steel structures and rails.
+    "MMTC's recent global tenders now include a clause that
+preference will be given to parties who accept payment in kind
+for goods and services sold to India," a trade official said,
+adding that the policy remains flexible.
+    "We also take into account other factors such as prices at
+which the goods and services are offered to India," the trade
+official said.
+    Early this year the commerce ministry quietly told foreign
+companies interested in selling aircraft, ships, drilling rigs
+and railway equipment to India that they stood a better chance
+if they bought Indian goods or services in return, the trade
+sources said.
+    Illustrating the point, the official said a South Korean
+firm recently agreed to sell a drilling platform worth 40 mln
+dlrs to the state-run Oil and Natural Gas Commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15897" NEWID="10376">
+<DATE>27-MAR-1987 08:18:32.29&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0676&#31;reute</UNKNOWN>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-JAPAN-FEBRUARY-CURREN   03-27 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FEBRUARY CURRENT ACCOUNT, TRADE SURPLUS JUMP</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Japan's current account surplus rose to
+7.38 billion dlrs in February from 3.89 billion a year ago and
+from 4.95 billion in January, the Finance Ministry said.
+    The trade surplus rose to 8.14 billion dlrs in February
+from 4.77 billion a year earlier and 5.70 billion in January.
+    The long-term capital account deficit widened to 11.40
+billion dlrs from 8.06 billion a year ago, but it narrowed from
+12.32 billion in January, the Ministry said.
+    Japan's February exports rose to 16.74 billion dlrs from
+14.89 billion in February 1986 and from 14.65 billion in
+January, the Ministry said. Imports fell to 8.61 billion from
+10.12 billion a year earlier and 8.94 billion in January.
+    The invisible trade deficit fell to 617 mln dlrs in
+February from 693 mln a year earlier, but was up from a 527 mln
+deficit in January.
+    Figures do not tally exactly because of rounding.
+    Transfer payments narrowed to a 140 mln dlr deficit last
+month from a 185 mln deficit a year earlier and a 225 mln
+deficit in January.
+    The basic balance of payments deficit in February fell to
+4.02 billion dlrs from 4.17 billion in February 1986 and 7.37
+billion in January. Short-term capital account payments swung
+to a 1.28 billion dlr deficit in February from a 1.60 billion
+surplus a year earlier and a 1.44 billion dlr surplus in
+January.
+    Errors and omissions were 2.65 billion dlrs in surplus,
+compared with a 1.27 billion surplus a year earlier and a 1.10
+billion deficit in January. The overall balance of payments
+deficit rose to 2.65 billion dlrs from 1.30 billion a year
+earlier but was down from 7.04 billion in January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15898" NEWID="10377">
+<DATE>27-MAR-1987 08:20:06.84&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0684&#31;reute</UNKNOWN>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-JAPAN-CONSUMER-PRICES   03-27 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CONSUMER PRICES UNCHANGED IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Japan's consumer price index (base 1985)
+was unchanged at 99.7 in February from a month earlier, the
+government's Management and Coodination Agency said.
+    The index showed a 0.4 pct drop in January.
+    The February index was down one pct from a year earlier for
+the third consecutive year-on-year drop.
+    In January, the index fell 1.1 pct from a year earlier, the
+first drop of over one pct since a 1.3 pct drop in September
+1958.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15899" NEWID="10378">
+<DATE>27-MAR-1987 08:20:24.42&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0685&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-SOUTH-AFRICAN-RESERVE   03-27 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICAN RESERVE BANK SEES INFLATION DROP</TITLE>
+<DATELINE>    PRETORIA, March 27 - </DATELINE><BODY>South Africa's inflation rate,
+currently at 16.3 pct, should decline further during 1987, the
+Reserve Bank said in its latest quarterly review.
+    Although the recent fall in inflation was "largely
+attributable to purely statistical factors," the decline had
+clearly been aided by a recovery in the rand's exchange rate,
+the Bank said.
+    "The inflation rate stands to benefit further from the more
+recent advances in the exchange rate in the third quarter of
+1986 and in the first few months of 1987," it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15900" NEWID="10379">
+<DATE>27-MAR-1987 08:24:53.94&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0694&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-JAPAN-DRAFT-ECONOMIC   03-27 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DRAFT ECONOMIC PACKAGE DUE IN EARLY APRIL</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone has told
+his ruling Liberal Democratic Party (LDP) to come up with a
+draft economic package in early April in time for his visit to
+Washington starting on April 29, government officials said.
+    Nakasone also instructed the government's Economic Planning
+Agency (EPA) to work closer with the LDP to work out a
+full-fledged economic plan to boost domestic demand as pledged
+at last month's Paris currency stability accord by six
+industrial countries, the officials told Reuters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15901" NEWID="10380">
+<DATE>27-MAR-1987 08:25:39.69&#5;&#5;&#5;F A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0697&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>india</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f AM-COMPUTER   03-27 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA COOL TO LIMITED U.S. SUPERCOMPUTER OFFER</TITLE>
+<DATELINE>    NEW DELHI, March 27 - </DATELINE><BODY>Indian officials responded coolly  to
+a reported U.S. Offer to sell India a supercomputer less
+powerful than it sought, saying it showed Washington's lack of
+sensitivity to Indian concerns.
+    Asked about a New York Times report that the United States
+had offered New Delhi a supercomputer generations behind the
+type it requested, an official told Reuters, "If the U.S. is
+doing that they have not been sensitive to Indian concerns."
+    He declined to confirm the report directly but said India
+had received an offer of a supercomputer from the United States
+"and we are considering it."
+    Sounding disappointed and dismayed he added, "We do not wish
+at this stage to say whether it is the computer we were looking
+for, or a more or less powerful model."
+    The official, who asked to remain anonymous, added: "An
+announcement will be made in 10 days to two weeks time."
+    India has sought for more than two years to buy an advanced
+supercomputer primarily for monsoon forecasting. But the sale
+has been held up by U.S. Security concerns prompted by India's
+closeness to the Soviet Union, its chief arms supplier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15902" NEWID="10381">
+<DATE>27-MAR-1987 08:29:39.47&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0704&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-COSTCO-WHOLESALE-CORP   03-27 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COSTCO WHOLESALE CORP &lt;COST> 2ND QTR FEB 16 NET</TITLE>
+<DATELINE>    SEATTLE, March 27 -
+    </DATELINE><BODY>Oper shr five cts vs six cts
+    Oper net 1,100,000 vs 1,463,000
+    Revs 177.8 mln vs 331.5 mln
+    Avg shrs 21.9 mn vs 25.7 mln
+    First half
+    Oper shr six cts vs five cts
+    Oper net 1,121,000 vs 1.090,000
+    Revs 315.3 mln vs 567.4 mln
+    Avg shrs 20.6 mln vs 25.6 mln
+    NOTE: Operating net excludes gains of 659,000 dlrs, or
+three cts a share, vs 599 dlrs, or two cts a share, in quarter
+and 676,000 dlrs, or three cts a share, vs 599,000 dlrs, or two
+cts a share, in year from tax loss carryforward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15903" NEWID="10382">
+<DATE>27-MAR-1987 08:30:45.94&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0712&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-SWISS-NATIONAL-BANK-S   03-27 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS NATIONAL BANK SAYS IT BOUGHT DOLLARS</TITLE>
+<DATELINE>    ZURICH, March 27 - </DATELINE><BODY>The Swiss National Bank bought dollars
+against yen today, a spokesman for the bank said.
+    He declined to say how many dollars the bank bought or when
+precisely it intervened.
+    Swiss foreign exchange dealers described the National
+Bank's purchases as modest, perhaps amounting to no more than
+20 or 30 mln dlrs.
+    The Bank of France, which was reported buying dollars
+against the yen in Paris, had made inquiries with Swiss banks
+as well, and the Bundesbank had also intervened. Bank of Japan
+dollar purchases today were perhaps 1.2 to 1.5 billion dlrs.
+    Dealers said this tended to confirm the market's impression
+that major industrial countries had agreed at the Paris meeting
+on an effective floor for the dollar of 148 yen, and the market
+seemed ready to test it.
+    Commercial clients were also selling dollars against the
+yen as the end of the Japanese fiscal year on March 31 drew
+closer. Today's dealings in spot currencies are booked for
+March 31.
+    One dealer said he had the feeling Japanese companies had
+been asked by the Bank of Japan not to sell dollars at this
+point, but some, while sticking to the letter of that request,
+were offering dollars forward today, rather than lose out if
+the dollar fell further.
+    The run on the dollar against the yen came in a market
+thinned by the absence of many dealers for a Forex Club meeting
+in Hamburg.
+    Trading was, in fact, rather light against currencies other
+than the yen, the dollar holding little changed through the
+day.
+    The market now expected the U.S. Federal Reserve to
+intervene in support of the dollar. "But they will probably do
+it only half-heartedly, so I don't think it will matter too
+much on rates," one dealer said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15904" NEWID="10383">
+<DATE>27-MAR-1987 08:31:16.93&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0713&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-BONN-WELCOMES-PUBLIC   03-27 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BONN WELCOMES PUBLIC SECTOR WAGE SETTLEMENT</TITLE>
+<DATELINE>    BONN, March 27 - </DATELINE><BODY>The government welcomed a wage settlement
+for public sector workers which was agreed late last night as a
+fair compromise for both sides, government spokesman Friedhelm
+Ost told reporters.
+    The wage settlement gives 2.3 mln workers in federal, state
+and local governments a 3.4 pct wage increase for 1987,
+retroactive from January 1.
+    The public sector union OeTV had originally sought a six
+pct increase, while the government's initial offer was 2.7 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15905" NEWID="10384">
+<DATE>27-MAR-1987 08:31:21.85&#5;&#5;&#5;V RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0714&#31;reute</UNKNOWN>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******U.S.-FEBRUARY-C   03-27 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FEBRUARY CONSUMER PRICES ROSE 0.4 PCT AFTER 0.7 PCT RISE IN JANUARY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15906" NEWID="10385">
+<DATE>27-MAR-1987 08:32:40.43&#5;&#5;&#5;V RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0717&#31;reute</UNKNOWN>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-/U.S.-CONSUMER-PRICES   03-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONSUMER PRICES ROSE 0.4 PCT IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>U.S. consumer prices, as measured by
+the Consumer Price Index for all urban consumers (CPI-U), rose
+a seasonally adjusted 0.4 pct in February after a 0.7 pct
+January gain, the Labor Department said.
+    The CPI for urban wage earners and clerical workers (CPI-W)
+rose to 329.0 in February, the department said.
+    Prices for petroleum-based energy rose sharply for a second
+consecutive month during February but by less than in January,
+the department said.
+    Energy prices rose 1.9 pct last month after a 3.0 pct rise
+in January, accounting for one-third of the overall CPI rise.
+    For the 12 months ended in February, the CPI rose an
+unadjusted 2.1 pct.
+    Transportation prices rose 0.5 pct in February after a 1.5
+pct increase in January. Smaller price rises for motor fuels
+and declines in new car prices and finance charges were
+responsible for the moderation.
+    Gasoline prices rose 4.2 pct last month after increasing
+6.6 pct in January, but were still 18 pct below levels of a
+year ago, the department said.
+    Housing prices rose 0.4 pct in February after a 0.5 pct
+January increase, largely due to a rise in fuel oil prices.
+    Fuel oil prices were up 4.4 pct in February after
+increasing 9.8 pct in January, but were still 15 pct below
+price levels of February 1986.
+    Food prices rose 0.2 pct last month after a 0.5 pct January
+increase. Grocery store food prices were up 0.4 pct, the same
+as in January, but meat, poultry, fish and eggs cost less for a
+third consecutive month, the department said.
+    Medical care rose 0.3 pct in February to a level 7.1 pct
+above one year ago, because of higher costs for prescription
+and non-prescription drugs and medical supplies, the department
+said.
+    The index for apparel and upkeep rose 0.7 pct in February
+after a 0.4 pct increase in January. The department said the
+introduction of higher priced spring merchandise, particularly
+men's clothing, was responsible for the advance.
+    Prices for other goods and services rose 0.7 pct in
+February following a 1.1 pct increase in January. Tobacco
+prices, up 0.9 pct after a 2.0 pct January increase, accounted
+for 30 pct of the index rise, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15907" NEWID="10386">
+<DATE>27-MAR-1987 08:37:24.90&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0727&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-JUDGE-DENIES-DISMISSA   03-27 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUDGE DENIES DISMISSAL OF HUNT LOAN CHALLENGE</TITLE>
+<DATELINE>    DALLAS, March 27 - </DATELINE><BODY>A federal judge has denied motions by
+several banks for summary dismissal of lawsuits challenging the
+loans they made to the Hunt brothers' two energy companies.
+    Nelson Bunker, W. Herbert and Lamar Hunt sued the 23 banks
+last year for 13.8 billion dlrs in damages after halting
+payment to the banks on 1.5 billon dlrs in overdue loans to
+&lt;Placid Oil Co> and &lt;Penrod Drilling Co>.
+    The ruling announced Thursday by Judge Barefoot Sanders
+clears the way for the Hunts to examine documents and interview
+officers at the banks seeking evidence to support their charges
+of fraud, breach of fiduciary duty and interfering with the
+companies ability to pay back the loans.
+    Judge Sanders also rejected parts of the Unts' suit,
+including allegations the banks were trying to monopolize the
+drilling-rig business.
+    He reserved judgment on other Placid and Penrod complaints,
+including charges the banks acted in bad faith on the loans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15908" NEWID="10387">
+<DATE>27-MAR-1987 08:38:22.92&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0731&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-macbloedel   03-27 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACMILLAN BLOEDEL &lt;MMB> STOCK SPLIT APPROVED</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 27 - </DATELINE><BODY>MacMillan Bloedel
+Ltd said shareholders authorized a previously announced
+three-for-one stock split, applicable to holders of record
+April nine.
+    The company said its stock will begin trading on a split
+basis on April 3, subject to regulatory approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15909" NEWID="10388">
+<DATE>27-MAR-1987 08:45:34.42&#5;&#5;&#5;C G T M</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0742&#31;reute</UNKNOWN>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-STORMY-WEATHER-SEEN-D   03-27 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STORMY WEATHER TO DISRUPT NORTH SEA SHIPPING</TITLE>
+<DATELINE>    STATE COLLEGE, PA., March 27 - </DATELINE><BODY>Very stormy weather is
+likely in the North Sea through Saturday, disrupting shipping
+in the region, private forecaster Accu-Weather Inc said.
+    Rain will accompany the strong winds that are expected over
+the North Sea today into tonight. Saturday will also be very
+windy and cooler with frequent showers.
+    Winds today will be southwest at 30 to 60 mph, but will
+become west to northwest tonight and Saturday at 25 to 50 mph.
+    Waves will build to 20 to 30 feet today and tonight and
+continue Saturday. Wind and waves will not diminish until late
+in the weekend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15910" NEWID="10389">
+<DATE>27-MAR-1987 08:45:50.31&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0744&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-JAPAN-TO-INTRODUCE-YE   03-27 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO INTRODUCE YEN COMMERCIAL PAPER IN OCTOBER</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The Finance Ministry is expected to
+introduce yen commercial paper, CP, from October 1 in response
+to growing calls from corporations, ministry sources said.
+    Around 200 corporations satisfy financial standards set by
+securities houses for non-collateral straight bond issues,
+including electric power companies, &lt;Nippon Telegraph and
+Telephone Corp> and Kokusai Denshin Denwa Co Ltd, securities
+managers said.
+    Most eligible firms would have to set up special reserves
+for CP issues called backup lines, or be guaranteed by
+financial institutions to protect investors, they said.
+    The legal status of yen CP would be the same as yen
+commercial bills and it would be placed by an intermediary bank
+or securities house, securities managers said.
+    The minimum issue unit will be 100 mln yen, and maturities
+will be from 30 days and six months, they said.
+    Securities houses, banks, insurance companies and consumer
+credit companies are barred from CP issues, they said.
+    Only banks may be commissioned to handle the clerical
+business of principle payments, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15911" NEWID="10390">
+<DATE>27-MAR-1987 08:47:18.80&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0749&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******natioonal-medic   03-27 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NATIOONAL MEDICAL ENTERPRISES INC 3RD QTR OPER SHR 46 CTS VS 51 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15912" NEWID="10391">
+<DATE>27-MAR-1987 08:49:11.51&#5;&#5;&#5;C G T M</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0752&#31;reute</UNKNOWN>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-LIBERIAN-SHIP-GROUNDE   03-27 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBERIAN SHIP GROUNDED IN SUEZ CANAL REFLOATED</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>A Liberian motor bulk carrier, the
+72,203 dw tonnes Nikitas Roussos, which was grounded in the
+Suez canal yesterday, has been refloated and is now proceeding
+through the the canal, Lloyds Shipping Intelligence said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15913" NEWID="10392">
+<DATE>27-MAR-1987 08:50:52.84&#5;&#5;&#5;C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0755&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-JAPAN-LIKELY-TO-ALLOW   03-27 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN LIKELY TO ALLOW FOREIGN FUTURES MARKET USE</TITLE>
+<DATELINE>    TOKYO, March 27 - </DATELINE><BODY>The finance ministry appears ready to
+allow Japanese financial institutions to use overseas financial
+futures markets, a ministry official said.
+    He declined to say when, but banking sources expect
+approval as early as April. Banks, securities houses and
+insurance companies are expected to become eligible to deal in
+deposit, interest rate, bond and stock index futures.
+    Ministry officials said they are wary of giving permission
+to individuals or corporations because of their relative
+inexperience.
+    Broking for Japanese residents by financial institutions
+would be prohibited as securities exchange laws bar banks from
+doing this, the banking sources said.
+    Overseas subsidiaries and branches of Japanese banks and
+securities houses have already been allowed to use the overseas
+futures markets on their own accounts.
+    The Finance Ministry Ordinance based on Foreign Exchange
+Administration Law will have to be revised to allow local
+institutions to join the overseas markets, a ministry official
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15914" NEWID="10393">
+<DATE>27-MAR-1987 08:53:33.47&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0759&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-NATIONAL-MEDICAL-ENTE   03-27 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL MEDICAL ENTERPRISES INC &lt;NME> 3RD QTR</TITLE>
+<DATELINE>    LOS ANGELES, March 27 - </DATELINE><BODY>Periods ended Feb 28
+    Oper shr 46 cts vs 51 cts
+    Oper shr diluted 43 cts vs 50 cts
+    Oper net 34.2 mln vs 39.8 mln
+    Revs 823.3 mln vs 794.3 mln
+    Avg shrs 74.9 mln vs 78.7 mln
+    Nine mths
+    Oper shr 1.29 dlrs vs 1.46 dlrs
+    Oper shr diluted 1.20 dlrs vs 1.43 dlrs
+    Oper net 99.4 mln vs 114.5 mln
+    Revs 2.50 billion vs 2.22 billion
+    Avg shrs 77.0 mln vs 78.3 mln
+    NOTE: Year ago nine months operating net excludes loss of
+2.0 mln dlrs, or two cts a share, from discontinued operations
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15915" NEWID="10394">
+<DATE>27-MAR-1987 08:54:43.48&#5;&#5;&#5;C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0763&#31;reute</UNKNOWN>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-ABIDJAN-PORT-ACTIVITY   03-27 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABIDJAN PORT ACTIVITY RISES</TITLE>
+<DATELINE>    ABIDJAN, March 27 - </DATELINE><BODY>The tonnage of goods passing through
+Ivory Coast's main port of Abidjan rose 2.3 pct last year,
+according to the Ivorian Chamber of Commerce.
+    Its monthly report said 9.47 mln tonnes of goods passed
+through the port last year compared with 9.26 mln the year
+before. Exports fell to 3.75 mln from 3.89 mln tonnes while
+imports rose to 5.72 mln from 5.37 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15916" NEWID="10395">
+<DATE>27-MAR-1987 08:57:02.39&#5;&#5;&#5;V</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0768&#31;reute</UNKNOWN>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>greece</D><D>turkey</D></PLACES>
+<PEOPLE><D>papandreou</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-PAPANDREOU-SAYS-GREEK   03-27 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPANDREOU SAYS GREEKS READY FOR AGGRESSORS</TITLE>
+<DATELINE>    ATHENS, March 27 - </DATELINE><BODY>Greek Prime Minister Andreas Papandreou
+said today that the Greek armed froces were ready to tackle any
+aggressors following the sailing of a Turkish research vessel
+and warships towards disputed waters in the Aegean Sea.
+    Papandreou told an emergency cabinet meeting in Athens "the
+military readiness of our country is able now to give a very
+hard lesson if our neighbours (Turkey) were to carry out
+military actions."
+    He said the activities of the research vessel could be
+aimed at partitioning the Aegean.
+    "The air force, navy and army are in a state of alert,"
+General Guven Ergenc, Secretary General of the Turkish General
+Staff, told a news conference.
+    He said the Turkish research ship Sismik 1, escorted by an
+unspecified number of warships, would sail into disputed waters
+in the Aegean Sea tomorrow morning.
+    Ergenc told Reuters later that all leave had been cancelled
+for members of the armed forces in the Aegean coast area.
+    The Turkish government said yesterday it had licensed the
+state-owned Turkish Petroleum Corp to explore for oil in
+international waters around three Greek islands off Turkey.
+     Greece and Turkey have long-standing disputes over areas
+of the Aegean and the presence of Turkish troops in Cyprus.
+    The latest row erupted when the Greek government said last
+month that it was taking control of a Canadian-led consortium
+which was already producing oil off the Greek island of Thassos
+and would drill in the same area after the takeover.
+    Ergenc told the news conference the alert followed a
+government decision that Turkey should protect its interests
+"because of measures Greece has been taking in the Aegean in
+violation of international agreements."
+    Asked how Turkey would react if Greece attacked any of the
+vessels, he said "If there is an attack, it is clear what has to
+be done. An attack on a warship is a cause for war." But he
+added "We are not in a state of war. The measures taken by the
+military are directed towards protecting our rights."
+    Greece said yesterday it would defend its national rights
+in the Aegean and urged Turkey to accept reference of the
+dispute to the International Court of Justice in The Hague.
+    Turkish Foreign Ministry spokesman Yalim Eralp told
+reporters today this was unacceptable because of preconditions
+Athens had attached.
+    In Athens, Greek Prime Minister Papandreou said that if the
+Turkish vessel Sismik 1 began research operations "we will
+hinder it, of course not with words, as it cannot be stopped
+with words."
+    Greek newspapers said the armed forces were on alert and
+navy ships had gone to the Aegean. But government spokesman
+Yannis Roubatis did not confirm the move, saying only "The Greek
+fleet is not at its naval base."
+    Papandreou said that a map issued in Turkey showed 95 pct
+of the areas proposed for research were on the Greek
+continental shelf.
+    Papandreou told the U.S. And NATO that if they had a part
+in orchestrating the present crisis in order to force Greece to
+negotiate with Turkey, the Greek government would not accept
+it.
+    Papandreou has maintained in the past that he will not
+negotiate with Ankara until Turkey recognises Greek rights in
+the Aegean and withdraws its troops from Cyprus.
+    He said that in the case of war with Turkey it would not be
+possible for Greece to discuss the future of American military
+bases here. Asked by reporters if he would close the U.S. Bases
+in Greece in the event of war, Papandreou replied "Obviously,
+and perhaps even before the war."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15917" NEWID="10396">
+<DATE>27-MAR-1987 09:03:07.38&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0778&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-EDF-ISSUES-SWISS-FRAN   03-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDF ISSUES SWISS FRANC NOTES WITH GOLD WARRANTS</TITLE>
+<DATELINE>    ZURICH, March 27 - </DATELINE><BODY>Electricite de France is issuing 100 mln
+Swiss francs of 3-3/8 pct notes with warrants issued by Credit
+Suisse attached to buy gold, lead manager Credit Suisse said.
+    Each eight-year note of a 50,000-franc face value has 15
+warrants, two of which entitle the holder to acquire 100 grams
+of gold at a price of 2,350 francs. The strike price represents
+a premium of about 15 pct over the current market price of
+gold.
+    The warrants may be exercised from April 30, 1987, to April
+30, 1990. The notes, callable starting 1992 at 101.50, have a
+final maturity on April 30, 1995.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15918" NEWID="10397">
+<DATE>27-MAR-1987 09:04:09.37&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0780&#31;reute</UNKNOWN>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-Top-discount-rate-at   03-27 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Top discount rate at U.K. Bill tender rises to 9.3456 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15919" NEWID="10398">
+<DATE>27-MAR-1987 09:05:15.00&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0782&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-PORSCHE-EXPECTS-IMPRO   03-27 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORSCHE EXPECTS IMPROVEMENT IN U.S. SALES</TITLE>
+<DATELINE>    STUTTGART, March 27 - </DATELINE><BODY>Sports carmaker Dr. Ing. H.C.F.
+Porsche AG &lt;PSHG.F> said it expects to post a satisfactory
+profit in 1986/87, with domestic volume sales seen lower but
+U.S. Sales anticipated higher.
+    Managing board chairman Peter Schutz said domestic sales
+were expected to fall to 9,000 in the year ending July 31 from
+11,340 in 1985/86. U.S. Sales should rise to more than 30,000
+from 28,670 last year.
+    Schutz made no specific profit or sales forecasts. Last
+month the company said it expected net profit to fall below 70
+mln marks this year from 75.3 mln marks in 1985/86.
+    For sales, Porsche expects its overall world volume this
+year to be above 50,000. Sales last year stood at 53,254,
+Schutz said. His expectations of a satisfactory profit were
+based on a combination of price rises and cost-cutting, he
+added.
+    The expected drop in West German sales this year would be
+the result of the so-called "grey market" for Porsche cars, he
+said. When the dollar was strong against the mark, many
+Porsches had been bought locally in West Germany for illegal
+export to the U.S.
+    Porsche has previously said domestic sales in the 1986/87
+first half fell to 3,267 from 5,387 in the same 1985/86 period.
+    The fact that U.S. Sales will account for a larger
+percentage of overall sales this year than before does not pose
+problems for profit, the Porsche board said.
+    In the last 12 months it has raised U.S. Prices by around
+20 pct without suffering any decline in sales. At the same time
+Porsche has hedged its dollar-denominated business for the
+1986/87 business year, finance director Heinz Branitzki.
+    Branitzki put Porsche's hedging costs in 1985/86 at 28 mln
+marks.
+    In a speech to the annual meeting, Schutz said third-party
+orders placed with Porsche's engineering research centre in
+Weissach were rising and should top 100 mln marks this year for
+the first time.
+    Porsche's net profit dropped sharply to 75.3 mln marks in
+1985/86 from 120.4 mln marks in 1984/85.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15920" NEWID="10399">
+<DATE>27-MAR-1987 09:05:30.11&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0785&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******dixons-group-pl   03-27 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DIXONS GROUP PLC BUYS 2,455,000 CYCLOPS SHARES, NOW OWNS 83 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15921" NEWID="10400">
+<DATE>27-MAR-1987 09:08:09.60&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0792&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-FCS-LABS-&lt;FCSI>-PRESI   03-27 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FCS LABS &lt;FCSI> PRESIDENT, TREASURER RESIGN</TITLE>
+<DATELINE>    FLEMINGTON, N.J., March 27 - </DATELINE><BODY>FCS Laboratories Inc said
+George D. Fowle Jr has resigned as president of the company and
+Garu Griffin resigned as treasurer, both effective March 31.
+    The company said directors elected Chairman Nicholas A.
+Gallo III to the additional title of president and Chief
+Financial Officer Richard D. Mayo was elected treasurer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15922" NEWID="10401">
+<DATE>27-MAR-1987 09:08:42.51&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0793&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******tektronix-inc-3   03-27 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEKTRONIX INC 3RD QTR SHR 48 CTWS VS 39 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15923" NEWID="10402">
+<DATE>27-MAR-1987 09:10:29.17&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0797&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-AMERICAN-MEDICAL-INTE   03-27 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MEDICAL INTERNATIONAL INC &lt;AMI> PAYOUT</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 27 -
+    </DATELINE><BODY>Qtly div 18 cts vs 18 cts in prior qtr
+    Payable May one
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15924" NEWID="10403">
+<DATE>27-MAR-1987 09:14:59.90&#5;&#5;&#5;C T</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0813&#31;reute</UNKNOWN>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-COCOA-BUFFER-STOCK-CO   03-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA BUFFER STOCK COMPROMISE GAINING ACCEPTANCE</TITLE>
+<AUTHOR>    By Lisa Vaughan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>A final compromise proposal on cocoa
+buffer stock rules presented by International Cocoa
+Organization, ICCO, council chairman Denis Bra Kanon is swiftly
+gaining acceptance by consumer and producer members, delegates
+said.
+    "We are close, nearer than ever to accepting it, but we
+still have some work to do," producer spokesman Mama Mohammed of
+Ghana told Reuters after a producers' meeting.
+    European Community, EC, delegates said EC consumers
+accepted the package in a morning meeting and predicted "no
+problems" in getting full consumer acceptance.
+    Delegates on both sides are keen to come to some agreement
+today, the last day of the fortnight-long council meeting, they
+said.
+    The compromise requires that buffer stock purchases from
+non-ICCO member countries cannot exceed 15 pct of total buffer
+stock purchases, delegates said. The non-member cocoa issue has
+been among the most contentious in the rules negotiations.
+    The 15 pct figure, up five percentage points from earlier
+proposals, represents a concession to consumers, delegates
+said. They have demanded a larger allowance for non-member
+cocoa in the buffer stock than producers have wanted.
+    Another problem area, delegates said, was the question of
+price differentials for different origins of cocoa bought into
+the buffer stock, by which the buffer stock manager could
+fairly compare relative prices of different cocoas offered to
+him.
+    The compromise narrowed the range of differentials between
+the origins from what previous proposals had detailed -- a move
+some delegates described as "just fiddling."
+    But the adjustments may prove significant enough to appease
+some countries that were not satisfied with the original
+proposed differentials assigned to them, delegates said.
+    The compromise also stated buffer stock purchases on any
+day would be limited to 40 pct each in nearby, intermediate or
+forward positions, delegates said.
+    If the compromise is accepted by the council, most
+consumers and producers want buffer stock rules to take effect
+next week, or as soon as practically possible.
+    The full council is scheduled to meet around 1500 GMT to
+discuss the compromise, and could agree on it then if all
+parties are satisfied, they said. Consumers are due to meet
+before the council.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15925" NEWID="10404">
+<DATE>27-MAR-1987 09:17:00.15&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0815&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-DIXONS-BOOSTS-CYCLOPS   03-27 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIXONS BOOSTS CYCLOPS &lt;CYL> OWNERSHIP TO 83 PCT</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>&lt;Dixons Group Plc> said it bought
+about 2,445,000 Cyclops Corp common shares, boosting its
+holdings of the company's stock to about 83 pct of those now
+outstanding and 79 pct on a fully diluted basis.
+    Dixons said the stock was purchased in a single block
+transaction at 95 dlrs per share.
+    The company said it expects to proceed with a merger and
+has advised Cyclops it intends to increas the per-share amount
+to be paid in the merger to 95 dlrs, form 90.25 dlrs, for each
+of the about 880,000 remaining Cyclops shares outstanding on a
+fully diluted basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15926" NEWID="10405">
+<DATE>27-MAR-1987 09:18:53.56&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0823&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-DENMARK-IN-600-MLN-CR   03-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENMARK IN 600 MLN CROWN EUROBOND DEAL</TITLE>
+<DATELINE>    COPENHAGEN, March 27 -  </DATELINE><BODY>One Luxembourg and three Danish
+banks are tapping the Euro-Danish crown market in a three
+tranche zero coupon eurobond deal of 600 mln Danish crowns
+nominal for Denmark, senior vice-president Lars Thuesen of
+Privatbanken, which is the lead manager, told Reuters.
+    The three 200 mln crown tranches are tranche A, due May 16,
+1989 priced at 82 1/8, tranche B, due May 15, 1990 priced at 73
+7/8 and tranche C, due May 15, 1991, priced 66 1/2.
+    Fees are 3/4 pct for selling and 5/8 pct for management and
+underwriting combined with 1/8 pct praecipium.
+    The payment date was given as April 24, 1987 with
+denominations at 10,000 crowns and listing in Luxembourg.
+    The co-leaders in the new Danish eurobond deal are
+Copenhagen Handelsbank, Den Danske Bank and Kredietbank
+Luxembourg, Thuesen added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15927" NEWID="10406">
+<DATE>27-MAR-1987 09:19:25.22&#5;&#5;&#5;C G T M</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0827&#31;reute</UNKNOWN>
+<TOPICS><D>trade</D><D>grain</D><D>wheat</D><D>coffee</D><D>tea</D><D>iron-steel</D><D>crude</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-INDIA-STEPS-UP-COUNTE   03-27 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA STEPS UP COUNTERTRADE DEALS</TITLE>
+<DATELINE>    NEW DELHI, March 27 - </DATELINE><BODY>India is searching for non-communist
+countertrade partners to help it cut its trade deficit and
+conserve foreign exchange.
+    Wheat, tobacco, tea, coffee, jute, engineering and
+electronic goods, as well as minerals including iron ore, are
+all on offer in return for crude oil, petroleum products,
+chemicals, steel and machinery, trade sources told Reuters.
+    Most of the impetus behind countertrade, which began in
+1984, comes from two state trading firms -- the State Trading
+Corp (STC) and the Minerals and Metals Trading Corp (MMTC).
+    "The two state trading corporations are free to use their
+buying power in respect to bulk commodities to promote Indian
+exports," a commerce ministry spokeswoman said, adding that
+private firms are excluded from countertrading.
+    One trade source said India has targetted countries that
+depend on an Indian domestic market recently opened to foreign
+imports. But countertrade deals still make up only a small part
+of India's total trading and are likely to account for less
+than eight pct of the estimated 18.53 billion dlrs in trade
+during the nine months ended December, the sources said.
+    Countertrade accounted for just five pct of India's 25.65
+billion dlrs in trade during fiscal 1985/86 ended March,
+against almost nothing in 1984/85, official figures show.
+    However, the figures exclude exchanges with the Eastern
+Bloc paid in non-convertible Indian rupees, the sources said.
+    Total trade with the Soviet Union, involving swaps of
+agricultural produce and textiles for Soviet arms and crude
+oil, is estimated at 3.04 billion dlrs in fiscal 1986/87.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15928" NEWID="10407">
+<DATE>27-MAR-1987 09:22:34.32&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0832&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-ELDERS-RESOURCES-ISSU   03-27 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDERS RESOURCES ISSUE TO RAISE 161 MLN DLRS</TITLE>
+<DATELINE>    MELBOURNE, March 27 - </DATELINE><BODY>&lt;Elders Resources Ltd> said its
+two-for-seven convertible unsecured notes issue will raise
+161.32 mln dlrs for group expansion and development.
+    The 46.99 pct-owned Elders IXL Ltd &lt;ELXA.S> offshoot
+announced the issue at 2.50 dlrs each with its first-half
+results statement.
+    The group lifted net earnings to 16.93 mln dlrs in the half
+ended December 31 from 5.47 mln a year earlier when it was
+still in its formative stages.
+    The 8.0 pct notes are convertible to one share on May 1 and
+November 1 of each year from next November.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15929" NEWID="10408">
+<DATE>27-MAR-1987 09:23:53.56&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0835&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-VENEZUELA-PREPARES-DE   03-27 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA PREPARES DEBT TERM SHEET FOR BANKS</TITLE>
+<DATELINE>    CARACAS, MARCH 27 - </DATELINE><BODY>Venezuela will shortly send creditor
+banks a term sheet specifying the changes agreed last month in
+the country's 20.3 billion dlr public sector debt rescheduling,
+finance minister Manuel Azpurua said.
+    Azpurua told reporters yesterday the document is in its
+"final phase' of preparation, and will be soon be sent to banks
+for approval.
+    "We expect that once the term sheet is received and analysed
+by the banks, it will be approved in a relatively short time,'
+Azpurua said.
+    Under the new rescheduling agreement reached February 27,
+payments on Venezuela's public debt were extended from 12 to 14
+years and the interest rate dropped from 1 and 1/8 to 7/8 of a
+pct above LIBOR.
+    In addition, payments for the 1987-1989 period were lowered
+from 3.82 billion dlrs to 1.350 billion dlrs. Venezuelan
+officials said this amounted to an effective grace period,
+something the banks had refused to grant.
+    The agreement replaced a February, 1986 rescheduling accord
+which Venezuela asked banks to revise, citing a 40 pct drop in
+oil revenues last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15930" NEWID="10409">
+<DATE>27-MAR-1987 09:26:52.17&#5;&#5;&#5;E A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0843&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-SYNDICATION-FOR-ELDER   03-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNDICATION FOR ELDERS NOTE FACILITY CLOSES</TITLE>
+<DATELINE>    HONG KONG, March 27 - </DATELINE><BODY>Syndication for Elders IXL Ltd's
+&lt;ELXA.S> 100 mln Australian dlr note issuance facility has been
+completed, arranger Westpac Finance Asia Ltd said.
+    It said the facility, which is half underwritten and half
+non-underwritten, has been over-subscribed and underwriters'
+allocations are reduced from the original commitments.
+    The managers of the facility are Westpac, Bank of Montreal
+Asia Ltd, BOT International (HK) Ltd, Commonwealth Bank of
+Australia and Credit Industriel et Commercial de Paris. They
+will be underwriting six mln dlrs each instead of 10 mln dlrs.
+    Co-managers are Banque Bruxelles Lambert, Ka Wah Bank,
+Kyowa Bank, Saitama Bank, Sanwa Bank and Yasuda Trust and
+Banking Co Ltd. They will be underwriting three mln dlrs each
+instead of five mln dlrs. BT Asia Ltd is junior co-manager with
+a two mln dlr commitment.
+    Westpac launched the facility early this month at 200 mln
+dlrs but soon reduced it to 100 mln dlrs and amended the terms
+due to the market's cool response. The underwriting margin was
+raised to 10 basis points over the Australian dlr bank bill
+rate. Originally the margin was set at 6.25 basis points for up
+to 50 mln dlrs and at 2.5 basis points for the remainder.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15931" NEWID="10410">
+<DATE>27-MAR-1987 09:27:32.80&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0846&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-DENMARK-IN-600-MLN-CR   03-27 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENMARK IN 600 MLN CROWN EUROBOND DEAL</TITLE>
+<DATELINE>    COPENHAGEN, March 27 -  </DATELINE><BODY>One Luxembourg and three Danish
+banks are tapping the Euro-Danish crown market in a three
+tranche zero coupon eurobond deal of 600 mln Danish crowns
+nominal for Denmark, senior vice-president Lars Thuesen of
+Privatbanken, which is the lead manager, told Reuters.
+    The three 200 mln crown tranches are tranche A, due May 16,
+1989 priced at 82 1/8, tranche B, due May 15, 1990 priced at 73
+7/8 and tranche C, due May 15, 1991, priced 66 1/2.
+    Fees are 3/4 pct for selling and 5/8 pct for management and
+underwriting combined with 1/8 pct praecipium.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15932" NEWID="10411">
+<DATE>27-MAR-1987 09:28:22.43&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0847&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-TEKTRONIX-INC-&lt;TEK>-3   03-27 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEKTRONIX INC &lt;TEK> 3RD QTR NET</TITLE>
+<DATELINE>    BEAVERTON, Ore., March 27 - </DATELINE><BODY>Qtr ends March 7
+    Shr 48 cts vs 39 cts
+    Net 18.7 mln vs 15.6 mln
+    Revs 415.4 mln vs 384.5 mln
+    Nine mths
+    Shr 1.31 dlrs vs 78 cts
+    Net 50.7 mln vs 31.8 mln
+    Revs 1.04 billion vs 1.01 billion
+    NOTE: per share for yr and qtr prior restated to reflect
+two-for-one stock split in Jan 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15933" NEWID="10412">
+<DATE>27-MAR-1987 09:35:26.60&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0868&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******WESTINGHOUSE-EL   03-27 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WESTINGHOUSE SAYS IT EXPECTS AT LEAST 10 PCT EARNINGS/SHR GROWTH THROUGH 89
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15934" NEWID="10413">
+<DATE>27-MAR-1987 09:39:27.98&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0885&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-COUNTRY-WIDE-TRANSPOR   03-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUNTRY WIDE TRANSPORT OFFERING 2.2 MLN SHARES</TITLE>
+<DATELINE>    ATLANTA, March 27 - </DATELINE><BODY>&lt;Country Wide Transport Services Inc>
+said it is holding an initial offering of 2.2 mln shares of
+common stock at 15 dlrs per share.
+    Robinson-Humphrey Co Inc is the manager of the underwriting
+group, which has been granted an option to purchase up to an
+additional 330,000 shares to cover over-allotments, the company
+said.
+    Of the total shares to be sold, 1,500,000 will be sold by
+the company and 700,000 will be sold by stockholders, the
+company said. Proceeds will be used to reduce indebtedness and
+to purchase equipment, the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15935" NEWID="10414">
+<DATE>27-MAR-1987 09:40:58.53&#5;&#5;&#5;F A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0887&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-METROPOLITAN-FINANCIA   03-27 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROPOLITAN FINANCIAL&lt;MPC> TO ACQUIRE COMPANY</TITLE>
+<DATELINE>    FARGO, N.D., March 27 - </DATELINE><BODY>Metropolitan Financial Corp said it
+signed an agreement to acquire the stock of closely held
+Rothschild Financial Corp, St. Paul, Minn.
+    Details of the purchase were withheld.
+    It said Rothschild in 1986 originated 500 mln dlrs of
+mortgage loans, and its loan servicing portfolio stands at 1.4
+billion dlrs. Officials of both companies estimated their
+combined efforts could produce originations of 800 mln dlrs and
+a loan servicing portfolio "well over 2.0 billion dlrs by
+yearend."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15936" NEWID="10415">
+<DATE>27-MAR-1987 09:41:54.06&#5;&#5;&#5;C L</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0893&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-slaughter-guesstimate   03-27 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, March 27 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 295,000 to 305,000 head versus
+303,000 week ago and 275,000 a year ago.
+    Saturday's hog slaughter is guesstimated at about 40,000 to
+60,000 head.
+    Cattle slaughter is guesstimated at about 125,000 to
+132,000 head versus 125,000 week ago and 125,000 a year ago.
+    Saturday's cattle slaughter is guesstimated at about 30,000
+to 45,000 head.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15937" NEWID="10416">
+<DATE>27-MAR-1987 09:42:02.43&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0894&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-U.K.-MONEY-MARKET-GIV   03-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 663 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The Bank of England said it gave the
+money market a further 663 mln stg assistance in the afternoon
+session. This takes the Bank's total assistance so far today to
+928 mln stg and compares with its forecast shortage which it
+earlier revised up to 850 mln stg from 750 mln.
+    The central bank purchased bills in band one at 9-7/8 pct
+comprising 267 mln stg bank bills, four mln stg local authority
+bills and one mln stg treasury bills. It also bought 378 mln
+stg bank bills and 13 mln stg of treasury bills in band two at
+9-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15938" NEWID="10417">
+<DATE>27-MAR-1987 09:43:18.66&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0898&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>madagascar</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-MADAGASCAR-NEGOTIATIN   03-27 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MADAGASCAR NEGOTIATING 180 MLN FRANC FRENCH LOAN</TITLE>
+<DATELINE>    ANTANANARIVO, March 27 - </DATELINE><BODY>A French government team has
+arrived in Antananarivo to negotiate a new 180 mln franc
+structural adjustment credit for the Madagascar government,
+diplomatic sources said.
+    Officials of the French treasury and Caisse Centrale de
+Cooperation Economique aid agency will remain in Madagascar
+until Tuesday, they added.
+    Last year, France provided its former Indian Ocean colony
+with a structural adjustment loan of 160 mln francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15939" NEWID="10418">
+<DATE>27-MAR-1987 09:51:34.43&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0911&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-AUSTRIA-DOES-NOT-INTE   03-27 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRIA DOES NOT INTERVENE TO SUPPORT DOLLAR</TITLE>
+<DATELINE>    VIENNA, March 27 - </DATELINE><BODY>The Austrian National Bank did not
+intervene on the foreign exchange markets today to support the
+dollar, deputy banking department chief Herbert Danzinger told
+Reuters.
+    He denied a suggestion by a dealer at one Vienna bank that
+the National Bank had sold marks to support the U.S. Currency.
+    Senior dealers at Creditanstalt and Girozentrale, Austria's
+two largest banks, said they would have been aware of any
+National Bank intervention. Any dollar purchases by the Bank
+today were for purely day-to-day purposes, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15940" NEWID="10419">
+<DATE>27-MAR-1987 09:56:09.62&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0917&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-HANSON-TRUST-&lt;HAN>-U.   03-27 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANSON TRUST &lt;HAN> U.S. ARM SELLS CHEMICAL UNIT</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Hanson Trust Plc &lt;HAN> said its U.S.
+subsidiary, Hanson Industries, sold PCR Inc, a specialty
+chemicals unit, for 6.25 mln dlrs in cash to &lt;Chemical Partners
+Inc>.
+    Hanson Industries said it acquired PCR Inc in 1986 as part
+of its purchase of &lt;SCM Corp>.
+    PCR Inc posted an operating loss in 1986 of 381,000 dlrs on
+sales of 13.2 mln dlrs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15941" NEWID="10420">
+<DATE>27-MAR-1987 09:56:19.46&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0918&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-PLENUM-PUBLISHING-&lt;PL   03-27 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLENUM PUBLISHING &lt;PLEN> REGISTERS DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Plenum Publishing Corp &lt;plen> said it
+filed with the Securities and Exchange Commission a
+registration covering the planned offering of 50 mln dlrs
+principal amount of convertible subordinated debentures due
+April 15, 2007.
+    The company said it will grant the underwriter, Bear
+Stearns and Co Inc, a  30 day option to buy up to 7.5 mln dlrs
+principal amount of additional debentures to cover
+overallotment.
+    It said proceeds will be used for acquisitions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15942" NEWID="10421">
+<DATE>27-MAR-1987 09:56:30.03&#5;&#5;&#5;F A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0919&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-BYRD-SAYS-REAGAN-MAY   03-27 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BYRD SAYS REAGAN MAY WIN HIGHWAY VETO FIGHT</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>Senate majority leader Robert Byrd
+said President Reagan may win his latest veto battle with
+Congress over a nearly 88 billion highway construction bill.
+    The West Virginia Democrat said it would be "tough" for the
+Senate to override the veto. Reagan is expected to announce he
+is rejecting the measure later today.
+    Byrd said it would be difficult for the Senate to overcome
+a White House public relations campaign against the bill.
+    The House, voting first, is expected to override it, House
+Republican Leader Bob Michel has said. It requires two houses
+to override a veto by two-thirds majorities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15943" NEWID="10422">
+<DATE>27-MAR-1987 10:00:30.10&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0928&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-COMMERCIAL-UNION-GETS   03-27 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCIAL UNION GETS MEDIUM-TERM NOTE PROGRAM</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>Commercial Union Assurance &lt;CUAC.L>, a
+composite insurance company in the U.K., Said it is arranging a
+financing facility totalling 750 mln European Currency Units
+(ECUs) which will now include a medium term note program.
+    Barry Cameron-Smail, Commercial Union's treasurer, said the
+new financing will not increase its debt outstanding but rather
+act as an umbrella for all its financing needs.
+     Commercial Union has had a Euro-commercial paper program
+since the autumn of 1985 and a guilder commercial paper program
+since January 1986.
+    Cameron-Smail said Commercial Union decided on having the
+financing denominated in ECUs because it is more stable than
+most major currencies, and because it would give greater
+flexibility in its financings as it expands operations abroad.
+    Although banks are anxious to develop a market for medium
+term notes, only a few companies such as Electrolux AB and
+Pepsico Inc have gone so far as to arrange one. Commercial
+Union is the first U.K. Company to set up such a program.
+    Cameron-Smail said the company seeks to help the
+development of such a market as it would provide a new funding
+base for its medium term assets.
+     Cameron-Smail said that aside from traditional lines of
+business, Commercial Union would like to move into other areas
+where it may not be able to fund the assets itself. "This (the
+medium term note program) will be the platform for developing
+those assets," he said.
+    He said Commercial Union will work closely with dealers for
+the note program to find the right pricing level to satisfy
+investor demands. The program will be investor driven, he
+noted, adding that the company wants the notes placed with end
+investors and not traded in the secondary market.
+    Commercial Union will be able to issue medium term notes in
+U.S. Dollars or sterling, with the dollar notes listed in
+Luxembourg, while the sterling notes will be listed in London.
+    Bankers expect that the maturities will be concentrated in
+the one to five year area.
+    The dealers for the program are Barclays de Zoete Wedd,
+Credit Suisse First Boston Ltd, Goldman Sachs International,
+Swiss Bank Corporation International Ltd and S.G. Warburg and
+Co Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15944" NEWID="10423">
+<DATE>27-MAR-1987 10:08:20.88&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0956&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-elders-extends-offer   03-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDERS EXTENDS OFFER FOR CARLING O'KEEFE &lt;CKB></TITLE>
+<DATELINE>    TORONTO, March 27 - </DATELINE><BODY>&lt;Elders IXL Ltd>, of Australia, said
+wholly owned IXL Holdings Canada Inc extended its previously
+announced offer to acquire all outstanding shares of Carling
+O'Keefe Ltd to midnight April 23, 1987, from March 25.
+    The 18-dlr-a-share offer is being extended for Elders to
+obtain Canadian federal government approval for the acquisition
+of control of Carling. Elders said its application to
+Investment Canada is still being processed under normal review
+procedures.
+    Up to March 26, 19,962,000 shares or 92 pct of Carling's
+stock has been deposited under the offer, Elders said.
+    Elders also said it arranged for a credit facility of up to
+390 mln dlrs, shared equally between two Canadian banks, which
+would be available to acquire shares under the offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15945" NEWID="10424">
+<DATE>27-MAR-1987 10:10:49.45&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0962&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******GM,-STRIKING-UA   03-27 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM, STRIKING UAW WORKERS RESUME TALKS AT MICHIGAN PLANT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15946" NEWID="10425">
+<DATE>27-MAR-1987 10:11:50.31&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0964&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-IC-INDUSTRIES&lt;ICX>-UP   03-27 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IC INDUSTRIES&lt;ICX> UP AFTER BEAR STEARNS REPORT</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>IC Industries Inc rose 2-3/4 to 33-1/4
+following a favorable comment by analyst Gary Schneider of Bear
+Stearns and Co, traders said.
+    Schneider was not immediately available for comment.
+    IC Industries also was the subject of a favorable report
+earlier in the week from First Boston Corp, traders said.
+    Sources said Schneider's report concluded IC Industries
+shares are undervalued and will eventually trade in the
+mid-40's.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15947" NEWID="10426">
+<DATE>27-MAR-1987 10:13:00.97&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0965&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-UNION-ELECTRIC-SEEKS   03-27 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION ELECTRIC SEEKS 150 MLN DLR LOAN FACILITY</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The Missouri-based energy service
+company, Union Electric Co, is seeking a 150 mln dlr, four-year
+euro-term loan facility, Swiss Bank Corporation International
+Ltd said as arranger.
+    The loan will carry a margin of 20 basis points over London
+Interbank Offered Rate (LIBOR).
+    Amounts pre-paid under the loan may, at the option of the
+borrower, be converted into a revolving credit commitment with
+an equivalent maturity to the original maturity on the loan.
+    There will be a 12.5 basis point commitment fee on the
+revolving credit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15948" NEWID="10427">
+<DATE>27-MAR-1987 10:14:38.74&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0975&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-STANDARD-BRED-PACERS   03-27 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD BRED PACERS &lt;STBD> YR LOSS</TITLE>
+<DATELINE>    GREAT NECK, N.Y., March 27 -
+    </DATELINE><BODY>Shr loss 35 cts vs loss seven cts
+    Net loss 718,269 vs loss 145,216
+    Revs 1,394,080 vs 2,608,083
+    NOTE: full name of company is standard bred pacers and
+trotters Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15949" NEWID="10428">
+<DATE>27-MAR-1987 10:16:44.82&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0980&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-MORGAN-GUARANTY-JOINS   03-27 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN GUARANTY JOINS DEALERS FOR BSAF PROGRAM</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>Morgan Guaranty Ltd said it has been
+added to the group of dealers for the euro-commercial paper
+program for BASF Corp that was launched last year.
+    The program is for an unspecified amount and is guaranteed
+by the parent BASF Ag.
+    The other dealers are Union Bank of Switzerland and Morgan
+Stanley International.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15950" NEWID="10429">
+<DATE>27-MAR-1987 10:17:42.22&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0985&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-MULTIVEST-&lt;MVST>-ENDS   03-27 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULTIVEST &lt;MVST> ENDS MERGER TALKS,SETS PURCHASE</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Multivest Corp said it has ended talks
+on &lt;Oryx Capital Corp>'s possible acqusition of Multivest and
+is starting an offer of 1.51 dlrs a share for all the
+oustanding shares of &lt;T.B.C. Industries Inc>.
+    Multivest said its T.B.C. tender offer is scheduled to
+expire April 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15951" NEWID="10430">
+<DATE>27-MAR-1987 10:18:27.09&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0987&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-MOBILE-COMMUNICATIONS   03-27 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBILE COMMUNICATIONS CORP &lt;MCCAA> YR NET</TITLE>
+<DATELINE>    JACKSON, Miss., March 27 -
+    </DATELINE><BODY>Shr 77 cts vs 37 cts
+    Net 13.5 mln vs 4.8 mln
+    Revs 70.8 mln vs 60.8 mln
+    Avg shrs 17.5 mln vs 12.9 mln
+    NOTE: 1986 net includes gain of 18 mln dlrs from sale in
+Dec 1986 of a 50 pct interest in its cellular telephone
+operations to BellSouth Corp.
+    Net income also reflects non-recurring charges of 8,400,000
+dlrs recorded in the fourth qtr 1986, primarily reflecting
+revaluation of assets.
+    Full name of company is mobile communications corp of
+america.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15952" NEWID="10431">
+<DATE>27-MAR-1987 10:19:27.69&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0994&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-TOKHEIM-CORP-&lt;TOK>-1S   03-27 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKHEIM CORP &lt;TOK> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    FORT WAYNE, Ind., March 27 -
+    </DATELINE><BODY>Shr 23 cts vs 12 cts
+    Net 1,535,000 vs 783,000
+    Rev 40.0 mln vs 28.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15953" NEWID="10432">
+<DATE>27-MAR-1987 10:20:17.38&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0996&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-SPARTECH&lt;SPTN>-SETS-R   03-27 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPARTECH&lt;SPTN> SETS REVERSE SPLIT,DEBENTURE SALE</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Spartech Corp said it plans a one for
+five reverse stock split and has filed a registration statement
+with the Securities and Exchange Commission covering a planned
+25 mln dlr offering of convertible subordinated debentures due
+1999.
+    Spartech said the debenture offering will be underwritten
+by Kidder Peabody and Co.
+    The company said the split will be effective on stock of
+record April eight.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15954" NEWID="10433">
+<DATE>27-MAR-1987 10:20:30.33&#5;&#5;&#5;A RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f0998&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-MOTOR-WHEEL-SELLS-SEN   03-27 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOTOR WHEEL SELLS SENIOR SUBORDINATED NOTES</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Motor Wheel Corp is raising 100 mln
+dlrs through an offering of senior subordinated notes due 1997
+with an 11-3/8 pct coupon and par pricing, said lead manager
+PaineWebber Inc.
+    Proceeds will be used to finance the company's
+management-led buyout from Goodyear Tire and Rubber Co &lt;GT>,
+the underwriter said.
+    Non-callable for five years, the issue is rated B-3 by
+Moody's Investors and B by Standard and Poor's. Prescott, Ball
+and Turben co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15955" NEWID="10434">
+<DATE>27-MAR-1987 10:21:08.71&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1000&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-RESTAURANT-ASSOCIATES   03-27 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESTAURANT ASSOCIATES &lt;RA.A> SETS 1ST QTR GAIN</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Restaurant Associates Industries Inc
+said it expects to record a pretax gain of 3.3 mln dlrs in the
+first quarter from the sale and lease of real estate.
+    The company said it received a 2.5 mln dlrs partial payment
+in connection with the sale of property in Manhattan and an
+additional one mln dlrs for early termination of the lease for
+its headquarters, which was relocated in February.
+    The outstanding balance of about 8.5 mln dlrs on the sale
+of the property will be paid at closing scheduled for Sept 28,
+1987, it said.
+    In the first quarter ended March 31, 1986, Restaurant
+Associates reported net income of 313,000 dlrs or seven cts a
+share on sales of 40.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15956" NEWID="10435">
+<DATE>27-MAR-1987 10:21:42.40&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1003&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-hudson's-bay-to-sell   03-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUDSON'S BAY TO SELL WHOLESALE UNIT</TITLE>
+<DATELINE>    TORONTO, March 27 - </DATELINE><BODY>&lt;Hudson's Bay Co> said it signed a
+letter of intent to sell its Hudson's Bay Wholesale unit to a
+private investment group. Terms were not disclosed.
+    The company said Normal Paul, a member of the private
+investment group, will head Hudson's Bay Wholesale management.
+    The unit's existing management group, headed by Ron
+McArthur, will also participate in ownership, the company said
+without elaborating.
+    The wholesale unit is a major distributor of tobacco,
+confectionary and other products through 34 wholesale and 28
+vending branches in Canada. 1986 sales were 798 mln dlrs.
+    Hudson's Bay said the sale of its wholesaling unit is part
+of a program to concentrate financial and management resources
+on its core business of department stores and real estate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15957" NEWID="10436">
+<DATE>27-MAR-1987 10:23:10.54&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1011&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-HENLEY-GROUP-INC-&lt;HEN   03-27 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENLEY GROUP INC &lt;HENG> 4TH QTR LOSS</TITLE>
+<DATELINE>    LA JOLLA, Calif., March 27 -
+    </DATELINE><BODY>Shr loss 3.41 dlrs
+    Net loss 354 mln vs loss 53 mln
+    Revs 825 mln vs 830 mln
+    Avg shrs 103.8 mln
+    Year
+    Shr loss 5.33 dlrs
+    Net loss 426 mlnm vs loss 66 mln
+    Revs 3.17 billion vs 1.83 billion
+    Avg shrs 80 mln
+    NOTE: The company had no shares outstanding in 1985. On
+March 16, it had 109,244,315 shares oustanding.
+    Losses include pre-tax restructuring charges of 286 mln
+dlrs in both 1986 periods vs 47 mln dlrs in both 1985 periods
+    1986 year loss also includes charge of about 100 mln dlrs
+for amortization of good will
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15958" NEWID="10437">
+<DATE>27-MAR-1987 10:27:57.53&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1025&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-LONE-STAR-INDUSTRIES   03-27 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONE STAR INDUSTRIES &lt;LCE> PROMISARY NOTES</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Lone Star Industries Inc said it has
+arranged 150 mln dlrs of financing through the issuance of
+promisary notes to a consortium of 22 lenders.
+    Lone Star said the 8.75 pct notes will mature on March 26,
+1992. The proceeds will be used to refinance and retire debt,
+and other general corporate purposes, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15959" NEWID="10438">
+<DATE>27-MAR-1987 10:28:10.33&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1027&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-BLINDER-INTERNATIONAL   03-27 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLINDER INTERNATIONAL &lt;BINL> TO RELEASE NEWS</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 27 - </DATELINE><BODY>Blinder International
+Enterprises Inc said it will release news concerning an appeals
+court decision within the hour.
+    Blinder said the news concerns its subsidiary, Blinder
+Robinson and Co Inc.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15960" NEWID="10439">
+<DATE>27-MAR-1987 10:28:13.58&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1028&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-BAYBANKS-INC-&lt;BBNK>-R   03-27 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYBANKS INC &lt;BBNK> RAISES QTLY DIVIDEND</TITLE>
+<DATELINE>    BOSTON, March 27 -
+    </DATELINE><BODY>Qtly div 36 cts vs 33 cts prior
+    Pay May one
+    Record April 14
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15961" NEWID="10440">
+<DATE>27-MAR-1987 10:28:27.98&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1029&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-TOKHEIM-&lt;TOK>-SEES-IM   03-27 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKHEIM &lt;TOK> SEES IMPROVING SALES IN 1987</TITLE>
+<DATELINE>    FORT WAYNE, Ind., March 27 - </DATELINE><BODY>Tokheim Corp, manufacturer of
+electronic petroleum marketing systems, said it expects
+shipments of Tokheim Convenience Systems (TCS), its new family
+of dispensers, to improve its sales trend throughout 1987.
+    Tokheim said shipments of TCS will begin in the second
+quarter.
+    Earlier, the company reported first quarter, ended February
+28, earnings of 1.5 mln dlrs, or 23 cts a share, up from
+783,000 dlrs, or 12 cts a share, in last year's first quarter.
+Sales rose as well, it said, to 40.0 mln dlrs, from 28.7 mln
+dlrs in the prior first quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15962" NEWID="10441">
+<DATE>27-MAR-1987 10:28:34.75&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1030&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-MINING-TECHNOLOGY-UNI   03-27 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINING TECHNOLOGY UNIT ENTERS SALES AGREEMENT</TITLE>
+<DATELINE>    ROANOKE, Va., March 27 - </DATELINE><BODY>&lt;Mining Technology and Resources
+Inc> said its wholly-owned subsidiary, Mine Support Systems
+Inc, entered into a sales agreement with &lt;R.M. Wilson Co Inc>
+of Wheeling, W. Va.
+    R.M. Wilson will serve as Mine Support's exclusive sales
+agent for the company's Mine Roof Support System in the U.S.,
+the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15963" NEWID="10442">
+<DATE>27-MAR-1987 10:29:28.49&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1033&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-SAFETY-KLEEN-&lt;SK>-TO   03-27 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAFETY-KLEEN &lt;SK> TO BUY MCKESSON &lt;MCK> UNIT</TITLE>
+<DATELINE>    ELGIN, ILL., March 27 - </DATELINE><BODY>Safety-Kleen Corp said it agreed in
+principle to acquire McKesson Envirosystems Co, a subsidiary of
+McKesson Corp.
+    It said McKesson Envirosystems' current annual gross
+revenues are about 14 mln dlrs.
+    The company collects flammable solvents from its industrial
+customers for a fee, after which it analyzes and processes the
+solvents before they are burned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15964" NEWID="10443">
+<DATE>27-MAR-1987 10:32:49.29&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1037&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-Bank-of-England-says   03-27 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bank of England says issuing 250 mln stg in tranches of existing index-linked stocks
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15965" NEWID="10444">
+<DATE>27-MAR-1987 10:35:33.86&#5;&#5;&#5;C G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1046&#31;reute</UNKNOWN>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-/CCC-ACCEPTS-BIDS-ON   03-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS BIDS ON BONUS WHEAT TO ALGERIA-USDA</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has accepted bids for export bonuses on 36,000 tonnes of
+durum wheat to Algeria, the U.S. Agriculture Department said.
+    The department said the bonuses awarded averaged 40.42 dlrs
+per tonne and will be paid to exporters in the form of
+commodities from CCC inventories.
+    The bonuses were made to Cam USA, Inc, the department said.
+    The wheat is for shipment May 1-10, 1987.
+    An additional 264,000 tonnes of durum wheat are still
+avaiable to Algeria under the Export Enhancement program
+initiative announced on March 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15966" NEWID="10445">
+<DATE>27-MAR-1987 10:37:39.86&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1050&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-WESTINGHOUSE-&lt;WX>-SEE   03-27 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTINGHOUSE &lt;WX> SEES HIGHER EARNINGS GROWTH</TITLE>
+<DATELINE>    NEW YORK, MARCH 27 - </DATELINE><BODY>Westinghouse Electric Corp said
+earnings per share growth will exceed sales growth and will be
+in the double digit range through 1989.
+    In 1986, the company earned 4.42 dlrs a share on revenues
+of 10.7 billion dlrs.
+    Speaking at a meeting for securities analysts, Douglas
+Danforth, Westinghouse's chairman, said the company's sales
+growth target is about 8.5 pct a year for 1988 and 1989, "given
+an economic environment that remains on a moderate growth
+course." He also said the company will make acquisitions, but
+he did not specify particular targets.
+    Paul E. Lego, senior executive vice president told the
+analysts "our plans do not call for a multibillion dlr
+acquisition, even though our balance sheet can handle one.
+Despite this disclaimer, if we identify a major acquisition
+that has significnt value-creating for Westinghouse...we will
+consider it." He said the company would consider an acquisition
+candidate that is in an area compatable with Westinghouse's
+primiary businesses.
+    Danforth said the corportation was focused in several key
+areas including defense electronics, financial services,
+broadcasting, electrical products and services for construction
+and industrial and utility markets.
+    Danforth added that he expects Westinghouse's sales to grow
+faster than the markets the corportation serves and "surely
+faster than GNP."
+    He said earnings per share growth is expected to
+consistently exceed the Standard and Poor's 500 index and
+return on equity will remain in the 18 to 21 pct range.
+    Leo W. Yochum, senior executive vice president for finance,
+told the analysts "we will consider buying back stock" but
+there are no current plans for such a buyback.
+    Yochum said that at the company's current level of earnings
+it could comfortably maintain higher debt levels and that
+Westinghouse will use its debt capacity to improve shareholder
+value.
+    Last year, Westinghouse established a 790 mln dlrs
+restructuring reserve to be used for plant consolodation,
+assett writedowns and other items. Yochum said, the company
+spent 306 mln dlrs of that reserve in 1986 and will spend 344
+mln dlrs of the reserves in 1987. The balance will be used in
+1988. He also said, capital expenditures should be about 400
+mln dlrs in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15967" NEWID="10446">
+<DATE>27-MAR-1987 10:38:27.20&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1052&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-CLEARWATER-FINE-FOODS   03-27 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLEARWATER FINE FOODS ACQUIRES CHANNEL FOODS</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Clearwater Fine Foods Inc, a Canadian
+company minority owned by Hillsdown Holdings PLC of London, has
+acquired Channel Foods Ltd, a Cornwall, England producer of
+chilled smoke fish and pate products, Hillsdown said.
+    Privately held Clearwater was sold for three mln stg, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15968" NEWID="10447">
+<DATE>27-MAR-1987 10:38:39.77&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1054&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-galactic-resources   03-27 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GALACTIC RESOURCES LTD &lt;GALCF> YEAR LOSS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 27 -
+    </DATELINE><BODY>Shr loss 1.30 dlrs
+    Net loss 25.6 mln
+    Revs 20.5 mln
+    Note: Prior results not given.
+    Shr and net include change in accounting policy, resulting
+in loss of 22.8 mln dlrs or 1.16 dlrs share.
+    Results in U.S. funds
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15969" NEWID="10448">
+<DATE>27-MAR-1987 10:38:46.47&#5;&#5;&#5;A RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1055&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-PHILIP-MORRIS-&lt;MO>-UN   03-27 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIP MORRIS &lt;MO> UNIT SELLS SUBORDINATED NOTES</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Seven-Up Cos, a unit of Philip Morris
+Cos Inc, is raising 155.78 mln dlrs via an offering of senior
+subordinated notes due 1997 yielding 12-1/8 pct, said lead
+underwriter Donaldson, Lufkin and Jenrette Securities Corp.
+    The notes have a 7-1/2 pct coupon and were priced at 89.87.
+    Non-callable for three years, the debt is rated B-3 by
+Moody's Investors Service Inc and CCC-plus by Standard and
+Poor's Corp.  The issue was raised from an initial offering of
+140 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15970" NEWID="10449">
+<DATE>27-MAR-1987 10:39:21.26&#5;&#5;&#5;C T</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1057&#31;reute</UNKNOWN>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-COCOA-CONSUMERS-ACCEP   03-27 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA CONSUMERS ACCEPT COMPROMISE BUFFER PLAN</TITLE>
+<DATELINE>  LONDON, March 27 - </DATELINE><BODY>Consumer members of the International
+Cocoa Organization, ICCO, accepted a final buffer stock rules
+compromise, "on the condition that producers also agree,"
+consumer spokesman Peter Baron said.
+    The full council was meeting at 1530 GMT to discuss the
+compromise, which was put together yesterday by ICCO chairman
+Denis Bra Kanon.
+    Consumer delegates said they were optimistic the council
+could reach agreement on the rules fairly quickly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15971" NEWID="10450">
+<DATE>27-MAR-1987 10:39:48.67&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1061&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ase</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-RABOBANK-ISSUE-IN-HEA   03-27 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RABOBANK ISSUE IN HEAVY DEMAND ON AMSTERDAM BOURSE</TITLE>
+<DATELINE>    AMSTERDAM, March 27 - </DATELINE><BODY>A new Rabobank mortgage bond, whose
+terms dealers considered extremely generous, was in heavy
+demand on the Amsterdam bourse today, bond dealers said.
+    Rabobank, not anticipating a strong two-day rally in Dutch
+bonds, on Wednesday set an issue price of 99.50 pct for a 6.25
+pct eight-year open mortgage bond, giving it a yield about 1/4
+pct higher than the market average.
+    Rabobank stopped trading in the bond five minutes after the
+bourse opened, but already between 200 and 300 mln guilders
+worth had been sold, a Rabobank spokesman said. One Japanese
+investor took 50 mln guilders alone, a dealer said.
+    Later, the bank proposed to allot only 30 pct of
+subscriptions, causing a general outcry among traders. Rabobank
+finally gave in to bourse demands to honour all subscriptions.
+    "We simply did not expect prices to rise so much," a Rabobank
+spokesman said." Since the pricing, the bond price index has
+risen 0.9 to 117.3, and the average state loan yield has fallen
+accordingly to 6.04 pct.
+    Two weeks ago, Rabobank issued a 250 mln guilder 6.75 pct
+bond at par, giving it a yield 0.40 above the average bank loan
+yields that day of 6.35 pct. The issue was heavily
+over-subscribed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15972" NEWID="10451">
+<DATE>27-MAR-1987 10:42:42.17&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1076&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-HOMAC-&lt;HOMC>-WINS-INJ   03-27 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOMAC &lt;HOMC> WINS INJUNCTION AGAINST TANGENT</TITLE>
+<DATELINE>    DETROIT, March 27 - </DATELINE><BODY>Homac Inc said the U.S. District Court
+for the Eastern District of Michigan issued a preliminary
+injunction against Tangent Inc of Dallas from appointing
+directors to Homac's board without written consent of a
+majority of shareholders.
+    It said the court also prohibited Tangent from acquiring or
+attempting to acquire any additional Homac shares pending
+filing of an amendment to Tangent's Schedule 13D.
+    Homac said the court declined to issue a preliminary
+injunction to prohibit transfer of approximately 800,000 shares
+of common stock by DSA Financial Corp to Tangent. Homac claims
+it had the first right to purchase.
+    Homac said it would appeal this aspect of the court's
+decision.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15973" NEWID="10452">
+<DATE>27-MAR-1987 10:43:04.69&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1079&#31;reute</UNKNOWN>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>belgium</D><D>greece</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-NATO-HOLDS-EMERGENCY   03-27 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATO HOLDS EMERGENCY MEETING ON AEGEAN CRISIS</TITLE>
+<DATELINE>    BRUSSELS, March 27 - </DATELINE><BODY>NATO ambassadors met in emergency
+session today to discuss tension between members Greece and
+Turkey over a disputed area of the Aegean Sea on the Western
+Alliance's southern flank, Greek diplomatic sources said.
+    They said no information had yet emerged from the meeting,
+called after statements from both countries that they were
+prepared to back rival oil exploration teams with warships.
+    General Guven Ergenc, Secretary General of the Turkish
+General Staff, said today the Turkish research ship Sismik 1,
+escorted by an unspecified number of warships, would sail into
+disputed waters in the Aegean Sea tomorrow morning.
+    Greek Prime Minister Andreas Papandreou said "The military
+readiness of our country is able now to give a very hard lesson
+if our neighbours (Turkey) were to carry out military actions."
+    The row erupted when the Greek government said last month
+that it was taking control of a Canadian-led consortium which
+was already producing oil off the Greek island of Thassos and
+would drill in the same area after the takeover.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15974" NEWID="10453">
+<DATE>27-MAR-1987 10:43:50.45&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1083&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-HANSON-TRUST-TO-SELL   03-27 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANSON TRUST TO SELL U.S. CHEMICALS UNIT</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>Hanson Trust Plc &lt;HNSN.L> said its U.S.
+Subsidiary, Hanson Industries Inc, is to sell PCR Inc, a
+speciality chemicals unit, for 6.25 mln dlrs cash to &lt;Chemical
+Partners Inc>.
+    PCR had sales of 13.2 mln dlrs in fiscal 1986 and an
+operating loss of 381,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15975" NEWID="10454">
+<DATE>27-MAR-1987 10:49:09.42&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1097&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******INVESTOR-PAUL-B   03-27 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>INVESTOR PAUL BILZERIAN HAS 7.2 PCT PAY 'N PAK STAKE, MAY SEEK CONTROL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16026" NEWID="10455">
+<DATE>27-MAR-1987 10:49:39.83&#5;&#5;&#5;V</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1098&#31;reute</UNKNOWN>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-UK-MAY-REVOKE-JAPANES   03-27 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK MAY REVOKE JAPANESE FINANCIAL LICENSES</TITLE>
+<AUTHOR>    By Sten Stovall, Reuters</AUTHOR>
+<DATELINE>    London, March 27 - </DATELINE><BODY>The British government may revoke the
+licences of selected Japanese banks and securities companies
+operating in London's financial City when they come up for
+renewal next summer if progress is not made towards opening up
+Japan's markets to foreign competition, government sources
+said.
+    "We can't say "yes, we are going to do it (revoke licences)"
+but this is definitely being considered," an official said.
+    His comments came after the government was formally urged
+today by a cross-section of influential MPs to take joint
+retaliatory action with the United States against Japan.
+    Britain has grown increasingly impatient with Japanese
+trade practices. "There's a sense of urgency here now, but the
+emphasis is on securing - not undermining - our interests in
+Japan," another government official told Reuters.
+    Prime Minister Margaret Thatcher said on Thursday that
+Britain would not hesitate to use new powers contained in the
+Financial Services Act 1986 and the Banking Bill to retaliate
+against countries that do not offer reciprocal market access.
+    She clearly had Japan in mind, government sources said.
+    The U.K. Last year showed a trade defict with Japan of 3.7
+billion stg, official figures show.
+    A parliamentary motion, signed by 98 MPs, today urged the
+U.K. Government to "coordinate action with the President of the
+United States, and through the Department of Trade and
+Industry, to suspend all further applications from Japanese
+communications companies for equipment approval by the British
+Approvals Board for Telecommunications, and all further
+applications from Japanese financial institutions for licences"
+until authorities in Japan stopped imposing what the MPs called
+"restrictive conditions" on the bid by (Cable and Wireless PLC)
+(cawl.L) and its U.S. And Japanese partners for a stake in
+Japan's international telecommunications market.
+    The motion for retaliatory steps came from a cross-section
+of MPs, reflecting the strength of feeling inside Parliament.
+Parliamentarians said their action would increase pressure on
+the Conservative government to take firm action.
+    Officials said another option now being considered by the
+U.K. Is to refuse issuing new banking licences to Japanese
+institutions. That could be done under the government's
+proposed Banking Bill now moving through parliament.
+    58 Japanese financial institutions are authorised to deal
+in London, of which 29 are banks. In Tokyo, 14 London-based
+firms are authorised to do financial business, officials said.
+    The new financial services and banking acts offer Britain
+an alternative for retaliation which would be otherwise denied
+under legally-binding international trade agreements.
+    "The Financial Services Act gives (Trade and Industry
+Secretary Paul) Channon power to stop firms from engaging in
+investment, banking and insurance," one official said.
+    "This point has been made to the Japanese at official level
+a number times," the official added.
+    Britain and France are now working together to urge that
+the European Community take collective action against Japan,
+but by working within EC treaties, another official said.
+    British Trade Minister Alan Clark said this week in a radio
+interview that the European Community should build barriers
+against Japanese imports through certification procedures
+similar to those facing European exporters in Japan.
+    "There comes a point where you cannot resist any longer," he
+said, adding "(such barriers) can't be put in place overnight."
+Clark said the issue of reciprocity regarding visible trade
+"strikes at the basis of whether British industry is to have a
+fair access to an extremely large market (Japan) which is
+itself in a very dominant position (in) certain aspects of our
+own domestic market ... It is really a question of fairness."
+    The situation is only likely to worsen following news that
+Japan's trade surplus with the rest of the world rose by more
+than 70 pct in February, year-on-year, to 8.14 billion dlrs
+from 5.7 billion in January, political sources said.
+    But Clark said in his interview that the issues of visible
+trade and access to financial markets should be kept separate.
+    Should Britain decide to act against Japanese financial
+institutions, it would most likely focus on the smaller, rather
+than larger ones, to minimise any risks to its role as a global
+business centre, government sources said. Japan's four largest
+securities houses are members of the London Stock Exchange.
+    In Washington, White House officials said President Reagan
+was ready to impose retaliatory trade action against Japan for
+breaking its semiconductor agreement with the United States.
+    There was no immediate indication when Reagan might act on
+the recommendations of his Economic Policy Council to curb
+Japanese exports to the United States but officials said the
+move could come today or early next week.
+    Trade sources said the actions being weighed by Reagan
+included tariffs on a wide variety of Japanese exports which
+use semiconductors.
+ REUTER
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15976" NEWID="10456">
+<DATE>27-MAR-1987 10:51:49.32&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1104&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-GM-&lt;GM>,-STRIKING-UAW   03-27 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM>, STRIKING UAW RESUME TALKS</TITLE>
+<DATELINE>    PONTIAC, Mich., March 27 - </DATELINE><BODY>Negotiators for General Motors
+Corp and the United Auto Workers union, which yesterday shut
+down the automaker's Pontiac, Mich., truck plant, resumed talks
+in search of a local contract for the facility.
+    Ron Miller, vice president for UAW local 594, said
+negotiations resumed at 1000 EST, as expected.
+    Miller said the two sides seemed to be getting closer to an
+agreement when the union's noon deadline yesterday was reached.
+    He said he hoped an accord could be reached by Monday.
+    Miller said negotiators for the union, which represents
+9,000 workers at Pontiac, and General Motors have still not
+been able to agree on the main issue--the company's use of
+non-UAW labor for some jobs.
+    Workers on the picket line were determined to stay on
+strike for as long as necessary to reach a new agreement.
+"We'll stay out here as long as it takes," said one.
+    Picketing was peaceful and friendly, with no signs of
+violence.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15977" NEWID="10457">
+<DATE>27-MAR-1987 10:51:56.49&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1105&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-bell-canada-buys   03-27 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL CANADA &lt;BCE> BUYS SHARES ISSUED BY UNIT</TITLE>
+<DATELINE>    MONTREAL, March 27 - </DATELINE><BODY>Bell Canada Enterprises Inc said it
+acquired 150 mln dlrs of common shares issued by its wholly
+owned telephone unit, Bell Canada.
+    Bell said the transaction is expected to be completed on
+April 15, 1987, and proceeds to the telephone business will be
+used in part for capital expenditures and to provide additional
+working funds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15978" NEWID="10458">
+<DATE>27-MAR-1987 10:52:04.86&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1106&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-LSB-INDUSTRIES-&lt;LSB>   03-27 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LSB INDUSTRIES &lt;LSB> AGREES TO ACQUIRE BANK</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 27 - </DATELINE><BODY>LSB Industries Inc said it agreed
+to acquire Northwest Federal Savings and Loan Association for
+1,500,000 dlrs.
+    As part of the agreement, LSB said it also would transfer
+assets valued of not less than 30 mln dlrs to Northwest
+Federal, which is located in Woodward, Okla.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15979" NEWID="10459">
+<DATE>27-MAR-1987 10:52:27.96&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1109&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-UNIVERSAL-HOLDING-COR   03-27 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL HOLDING CORP &lt;UHCO> 4TH QTR NET</TITLE>
+<DATELINE>    JERICHO, N.Y., March 27 -
+    </DATELINE><BODY>Shr NA
+    Net profit 2,000 vs profit 195,000
+    Revs 2,623,000 vs 2,577,000
+    Year
+    Shr NA
+    Net loss 425,000 vs profit 278,000
+    Revs 15.4 mln vs 8,637,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15980" NEWID="10460">
+<DATE>27-MAR-1987 10:52:40.58&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1110&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+w f BC-NORTHWEST-AIRLINES-&lt;N   03-27 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHWEST AIRLINES &lt;NWA> CUTS HAWAII FARES</TITLE>
+<DATELINE>    ST. PAUL, Minn., March 27 - </DATELINE><BODY>NWA Inc's Northwest Airlines
+said it is cutting fares to Hawaii from its 40-state U.S. route
+system, to save passengers between 30 dlrs and 100 dlrs off
+Northwest's lowest published roundtrip prices.
+    The service, named "Lei-zy Day Fares," will have roundtrip
+airfares from New York of as low as 518 dlrs roundtrip, or from
+San Francisco for 298 dlrs roundtrip, for example, the airline
+said.
+    It added that the service's ticketholders can begin their
+trips anytime from April 20 through May 31 and travel must be
+completed by June 12.
+    Northwest said tickets must be purchased at least 14 days
+before departure, or within 14 days of making reservations,
+whichever comes first.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15981" NEWID="10461">
+<DATE>27-MAR-1987 10:56:16.61&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1123&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-U.K.-ISSUES-250-MLN-S   03-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. ISSUES 250 MLN STG IN INDEX-LINKED BONDS</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The U.K. Treasury issued to the Bank of
+England 250 mln stg in two tranches of existing index-linked
+stocks, for first dealings on Monday, the Bank said.
+    The issues are 150 mln stg of 2-1/2 pct index-linked
+Treasury stock due 2011 and 100 mln of 2-1/2 pct index-linked
+Treasury due 2024. The latter stock is free of tax to residents
+abroad (FOTRA).
+    The bonds will be available to the U.K. Government bond
+market from Monday at certified prices of 113.00 stg pct for
+the 2-1/2s of 2011 and 85-24/32 stg pct for the 2-1/2s of 2024.
+    Several dealers had expected the Bank of England to
+announce further issues of index-linked bonds today in the
+light of strength seen in this sector of the market over the
+past few days. Some prices advanced by as much as 1-1/2 points
+yesterday as the rest of the market eased back further.
+    However, one or two traders expressed surprise that the
+authorities had issued further bonds of any kind in the light
+of the nervous conditions prevailing in the market.
+    In such relatively small amounts, the new issues were
+unlikely to have a significantly harmful effect on Government
+bond prices in general, dealers said.
+    Prices of index-linked bonds fell back slightly after the
+stock tranches were announced, with the 2-1/2 pct index-linked
+stock due 2016 quoted at 102-25/32 stg pct after 102-29/32
+shortly before the announcement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15982" NEWID="10462">
+<DATE>27-MAR-1987 10:57:17.30&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1125&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-BILZERIAN-MAY-SEEK-CO   03-27 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BILZERIAN MAY SEEK CONTROL OF PAY 'N PAK &lt;PNP></TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>Investor Paul Bilzerian disclosed he
+holds a 7.2 pct stake in Pay 'N Pak Stores Inc common stock and
+is considering seeking control of the retail building material
+firm.
+    Bilzerian said he and a Tampa, Fla., investment firm he
+controls called Bicoastal Financial Corp "may acquire additional
+shares, or they may seek to acquire one or more positions on
+(Pay 'N Pak's) Board of directors or to acquire a controlling
+interest in the (company's) shares, by tender offer or
+otherwise." The statement was made in a filing with the
+Securities and Exchange Commission.
+    Bilzerian said his course of action would depend on the
+company's prospects, market conditions and other factors.
+    Bilzerian said he and Bicoastal made net purchases of
+515,600 shares on the New York Stock Exchange Jan 26-March 25.
+    His 7.2 pct stake makes up a total of 722,000 shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15983" NEWID="10463">
+<DATE>27-MAR-1987 10:59:44.27&#5;&#5;&#5;A RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1131&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******S/P-DOWNGRADES   03-27 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P DOWNGRADES UNITED TECHNOLOGIES AND UNITS, AFFECTS 1.7 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15984" NEWID="10464">
+<DATE>27-MAR-1987 11:04:50.52&#5;&#5;&#5;V RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1140&#31;reute</UNKNOWN>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-/-FED-EXPECTED-TO-ADD   03-27 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD RESERVES, ECONOMISTS SAY</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>The Federal Reserve is expected to
+enter the U.S. government securities market to add reserves
+today, economists said.
+    They said the Fed would probably supply temporary reserves
+indirectly by arranging one to two billion dlrs of customer
+repurchase agreements.
+    After averaging 6.21 pct yesterday, federal funds were
+opened at 6-1/8 pct and remained at that level.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15985" NEWID="10465">
+<DATE>27-MAR-1987 11:05:09.88&#5;&#5;&#5;E A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1141&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-CANADA-WHOLESALE-TRAD   03-27 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA WHOLESALE TRADE UP 8.9 PCT IN MONTH</TITLE>
+<DATELINE>    OTTAWA, March 27 - </DATELINE><BODY>Canadian wholesale merchant sales rose
+8.9 pct in January over the same month in 1986 with all but one
+of the major trade groups posting increases, Statistics Canada
+said.
+    In December sales rose 13.7 pct.
+    The federal agency said wholesalers of tobacco, drugs and
+toilet preparations posted a 0.9 pct decline in sales.
+Inventories were 5.3 pct higher than in January 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15986" NEWID="10466">
+<DATE>27-MAR-1987 11:07:15.07&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1152&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-SOCIETE-GENERALE-ISSU   03-27 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCIETE GENERALE ISSUES 15 BILLION YEN BOND</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>Societe Generale is issuing a 15 billion
+yen bond due April 21, 1992 carrying a coupon of 4-1/2 pct for
+the first four years and priced at 102, Mitsui Trust
+International Ltd said as joint book runner.
+    In the fifth year, the coupon rises to 7-1/2 pct but the
+bond is callable after four years.
+    Japan's Ministry of Finance does not permit the issuance of
+euroyen bonds with maturities shorter than five years.
+    Daiwa International (Europe) Ltd is the other joint book
+runner. Payment is due April 21.
+    The securities are available in denoninations of 10 mln yen
+each and will be listed on the Luxembourg Stock Exchange.
+    There is a 1-1/4 pct selling concession and a 5/8 pct
+combined management and underwriting fee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15987" NEWID="10467">
+<DATE>27-MAR-1987 11:08:21.98&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1158&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-ALLEGHENY-INT'L-&lt;AG>   03-27 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY INT'L &lt;AG> SELLS THREE OVERSEAS UNITS</TITLE>
+<DATELINE>    PITTSBURGH, Pa., March 27 - </DATELINE><BODY>Allegheny International Inc
+said it sold three overseas subsidiaries to Reil Corp Ltd, a
+North Sydney, Australia, investment group.
+    Terms were not disclosed.
+    The units sold were Sunbeam Corp Ltd Australia, Sunbeam New
+Zealand Ltd and Victa (U.K.) Ltd. The units make and distribute
+various products, including lawn mowers, small appliances and
+sheep shearing equipment. They employ a total of about 1,750.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15988" NEWID="10468">
+<DATE>27-MAR-1987 11:08:42.31&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1160&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-WEYERHAEUSER-&lt;WY>-OFF   03-27 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEYERHAEUSER &lt;WY> OFFERS PREFERRED SHARES</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Weyerhaeuser Co is offering 200 mln
+dlrs of convertible exchangeable preferred stock at 50 dlrs a
+share, said Morgan Stanley and Co, underwriter.
+    Morgan Stanley said each share of preferred may be
+converted at any time into 0.6944 share of the company's common
+stock.
+    Morgan Stanley said Weyerhaeuser may exchange the
+preferred, on any dividend date beginning June 15, 1990, for
+its 5-1/4 pct convertible subordinated debentures due 2017.
+    Weyerhaeuser will use proceeds from the offering to reduce
+outstanding commercial paper.
+    Morgan Stanley said the Weyerhaeuser preferred stock will
+not be redeemable prior to June 15, 1989, unless the closing
+price of the common stock reaches or exceeds 150 pct of the
+then effective conversion price for at least 20 trading days  
+within 30 consecutive trading days that end within five trading
+days prior to the notice of redemption.
+    The redemption price will be 52.63 dlrs a share, declining
+to 50 dlrs a share on or after June 15, 1997, plus accrued and
+unpaid dividends, the underwriter said.
+/
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15989" NEWID="10469">
+<DATE>27-MAR-1987 11:10:22.25&#5;&#5;&#5;A RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1172&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-UNITED-TECHNOLOGIES-&lt;   03-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TECHNOLOGIES &lt;UTX> DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded 1.7 billion dlrs of debt of United Technologies Corp
+and subsidiaries.
+    S and P cut to AA-minus from AA the senior debt, and to
+A-plus from AA-minus the subordinated debt, of the parent and
+units UT Financial Services Corp, UT Credit Corp, UT Finance
+N.V. and Carrier Corp. A-1-plus commercial paper was affirmed.
+    The agency said new management would be challenged to
+reverse operational problems that hurt profitability and cash
+flow in the past two years. And business risk will be greater
+because of stricter government procurement practices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15990" NEWID="10470">
+<DATE>27-MAR-1987 11:11:53.63&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1182&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-galactic-adopts   03-27 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GALACTIC &lt;GALCF> ADOPTS CONSERVATIVE ACCOUNTING</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 27 - </DATELINE><BODY>Galactic Resources
+Ltd, earlier reporting a 1986 loss of 25.6 mln U.S. dlrs, said
+it adopted a more conservative accounting policy, similar to
+other gold producers' accounting for exploration costs.
+    As a result, the company retroactively charged all past
+exploration and related administration costs incurred on its
+properties against expenses in 1986, 1985 and 1984.
+    Under the new policy, all future exploration and related
+administration costs will be written off to expenses rather
+than capitalized as an intangible asset, it said.
+    Galactic said the accounting change resulted in a 22.8 mln
+U.S. dlr charge against 1986 earnings. It did not immediately
+disclose the affect of the change on prior years' results.
+    The new accounting policy is not expected to adversely
+affect working capital position, future cash flows or the
+company's ability to conduct ongoing business operations, it
+said.
+    Galactic said the charge includes 9.9 mln U.S. dlrs of
+costs concerning its Summitville Mine leach pad and 8.9 mln
+U.S. dlrs in waste removal costs, dyke construction and other
+mine developments.
+    Galactic said under the prior accounting policy, the
+Summitville mine expenses would have been amortized over the
+life of the mine and charged against future earnings.
+    The change will also result in lower depreciation and
+amortization charges against income of about 52 U.S. dlrs an
+ounce of gold produced in future periods, based on total
+estimated reserves of 617,000 ounces.
+    Galactic said March leaching production at Summitville is
+expected to exceed 2,500 ounces, raising gold equivalent
+production since the June 5, 1986 start of leaching to 65,000
+ounces.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15991" NEWID="10471">
+<DATE>27-MAR-1987 11:12:34.20&#5;&#5;&#5;C T</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1189&#31;reute</UNKNOWN>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-Cocoa-Council-agrees   03-27 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Cocoa Council agrees new buffer stock  rules - delegates
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15992" NEWID="10472">
+<DATE>27-MAR-1987 11:13:27.25&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1192&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-MARS-STORE-&lt;MXXX>-SEE   03-27 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARS STORE &lt;MXXX> SEES QTR, YEAR LOSS AND CHARGE</TITLE>
+<DATELINE>    NORTH DIGHTON, MA., March 27 - </DATELINE><BODY>Mars Store Inc said it
+expects to report a loss of about 800,000 dlrs for the fourth
+quarter and about 1.1 mln dlrs for the fiscal year ended
+January 31.
+    As a result of the loss, the company said it has decided to
+discontinue the operations of its Big Value Outlets division,
+which will result in a yet undisclosed one time charge against
+earnings for the year.
+    The estimated 1.1 mln dlrs year loss or about 50 cts a
+share, compares with earnings of 871,000 dlrs or 42 cts a share
+recorded last year.
+    "The fourth quarter loss was affected by an abnormally high
+inventory shrinkage, lower than planned sales and higher
+markdowns related to increased promotional activity, all of
+which reduced fourth quarter gross margins," the company said.
+    In order to concentrate on the company's core business, the
+operation of discount and promotional department stores, Mars
+said, it has decided to close the Big Value division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15993" NEWID="10473">
+<DATE>27-MAR-1987 11:14:18.71&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1196&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-HONEYWELL-&lt;HON>-COMPL   03-27 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONEYWELL &lt;HON> COMPLETES COMPUTER BUSINESS SALE</TITLE>
+<DATELINE>    MINNEAPOLIS, Minn., March 27 - </DATELINE><BODY>Honeywell Inc said it has
+completed the sale of 57.5 pct of its Honeywell Information
+Systems &lt;HIS> computer business to &lt;Compagnie des Machines
+Bull> of France and &lt;NEC Corp> of Japan for 527 mln dlrs in
+cash.
+    Honeywell said it will use much of the money to reduce
+short-term debt incurred last December when the company
+purchased the Sperry Aerospace Group.
+    Honeywell said the sale of HIS has created a new dedicated
+computer company jointly owned by Bull, NEC and Honeywell.
+    The new privately held company, named Honeywell Bull, is
+42.5 pct owned by Honeywell Inc, 42.5 pct by Bull and 15 pct by
+NEC, the new company said.
+    Honeywell added that terms of the agreement with NEC and
+Bull allow it to reduce its current 42.5 pct stake in the new
+company to 19.9 pct at the end of 1988 by selling just over
+half its shares to Bull. Book value at the time will determine
+the move's pricing, Honeywell said.
+    Honeywell chairman and chief executive officer, Edson
+Spencer, said the move is the last major step in Honeywell's
+restructuring.
+    "As the leading worldwide supplier of of automation and
+controls for buildings, industry, aerospace and defense,
+Honeywell is now focusing its management, technical and
+financial resources on high market share business," Spencer
+said.
+    Honeywell said it expects to be Honeywell Bull's largest
+customer, purchasing computers for its own internal data
+processing, for integration into Honeywell buidling and
+industrial automation systems and for resale to the U.S.
+governement.
+    Honeywell said HIS's Federal Systems Division is now a
+wholly owned unit of Honeywell Inc, and has been named
+Honeywell Federal Systems Inc.
+    Honeywell said it accounted for HIS as a discontinued
+operation in 1986, and will account for its future interest on
+a cost basis, recording any dividends as received.
+    Honeywell Bull said it will continue to develop its product
+line and build its business in integrated systems for
+networking, database management and transaction processing.
+    The new company said its board will have nine members,
+including the chairman and chief executive officer.
+    Bull will have four members, Honeywell two and NEC one, the
+new company, which began worldwide operations today, said.
+    It added that Jacques Stern, Bull's chairman and chief
+executive officer, will serve as Honeywell Bull's chairman of
+the board, while Jerome Meyer, formerly executive vice
+president of Honeywell Information Systems, was named president
+and chief executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15994" NEWID="10474">
+<DATE>27-MAR-1987 11:15:48.87&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1206&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ase</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-AMSTERDAM-BOURSE-IN-I   03-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMSTERDAM BOURSE IN INSIDER TRADING INVESTIGATION</TITLE>
+<DATELINE>    AMSTERDAM, March 27 - </DATELINE><BODY>The Amsterdam Stock Exchange will
+start an official inquiry into dealings in shares and share
+certificates of Dutch construction company &lt;Bredero Vast Goed
+N.V.> earlier this week, amid suspicions of insider trading, a
+bourse spokesman said.
+    Bredero shares fell 14.50 guilders to close at 58.00
+guilders during the official bourse session last Tuesday.
+Bredero announced several hours after Tuesday's close it would
+postpone the publication of its 1986 figures, scheduled for the
+following day. "The price trend indicates not all investors
+shared the same information," the spokesman said.
+    He said the bourse would publish the results of its inquest
+but declined to say when this could be expected.
+    The bourse said earlier today trading in Bredero shares,
+suspended on Wednesday, will be resumed on Monday. The bourse
+has cancelled all dealings in Bredero paper done on Tuesday
+when prices crashed.
+    Bredero shares, quoted on the domestic section of the
+Amsterdam Stock Exchange, where trading starts 1-1/2 hours
+after the main market, closed at 72.50 guilders on Monday.
+ Certificates closed at 68.00 guilders.
+    Insider trading is not a criminal offence here.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15995" NEWID="10475">
+<DATE>27-MAR-1987 11:18:00.98&#5;&#5;&#5;A RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1224&#31;reute</UNKNOWN>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-DEALERS-SAY-FED-INTER   03-27 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEALERS SAY FED INTERVENED BUYING DOLLARS IN U.S.</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>U.S. dealers said the New York Federal
+Reserve Bank has intervened in the foreign exchange market
+today buying dollars against yen.
+    Fed officials do not comment on such intervention, but
+dealers said it appeared that the Fed had intervened when the
+dollar reached 147.50 yen in New York.
+    The dollar subsequently hovered at 147.55/65 yen.
+    Dealers said they were uncertain about the size of the
+intervention, but some said it was only for a small amount.
+They were also uncertain whether the Fed intervened on its own
+account, or if it executed orders for the Bank of Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15996" NEWID="10476">
+<DATE>27-MAR-1987 11:19:10.52&#5;&#5;&#5;V</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1232&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-REAGAN-VETOES-HIGHWAY   03-27 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN VETOES HIGHWAY BILL </TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>President Reagan vetoed an 87.5
+billion dlrs highway and mass transit bill calling it a budget
+buster.
+    The bill, which also contains a provision allowing states
+to raise highway speed limits, now goes back to Congress where
+the White House faces an uphill battle to sustain the veto.
+    Reagan in a message to Congress said he had an alternative
+proposal that would authorize 66 billion dlrs over five years,
+the same levels as in the Senate-passed version of the bill.
+    He said he recognized the states were rapidly running out
+of highway funds and the legislation needed to make funds
+available for the 1987 construction season. He said was no
+reason why Congress could not send a new bill that he could
+sign before the spring construction season was any further
+along. Reagan supports raising the speed limit to 65 mph from
+55 mph on rural interstate highways.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15997" NEWID="10477">
+<DATE>27-MAR-1987 11:19:49.36&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1238&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-THE-LIMITED-&lt;LTD>-APP   03-27 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE LIMITED &lt;LTD> APPLIES FOR TOKYO EXCHANGE</TITLE>
+<DATELINE>     COLUMBUS, Ohio, March 27 - </DATELINE><BODY>The Limited Inc said it applied
+to list its common stock on the Tokyo Stock Exchange.
+    The company said the review process will take four months
+and the company expects trading to begin in July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15998" NEWID="10478">
+<DATE>27-MAR-1987 11:22:35.75&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1254&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-innopac-inc   03-27 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;INNOPAC INC> SIX MTHS FEBRUARY 28 NET</TITLE>
+<DATELINE>    TORONTO, March 27 -
+    </DATELINE><BODY>Shr 22 cts vs 45 cts
+    Net 3,100,000 vs 5,100,000
+    Revs 103.4 mln vs 98.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15999" NEWID="10479">
+<DATE>27-MAR-1987 11:22:41.34&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1255&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-JACKPOT-ENTERPRISES-&lt;   03-27 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JACKPOT ENTERPRISES &lt;JACK> TO BUYBACK SHARES</TITLE>
+<DATELINE>    LAS VEGAS, March 27 - </DATELINE><BODY>Jackpot Enterprises Inc said it will
+buy up to 50,000 of its own common shares from time to time in
+market transactions.
+    The amusement and recreation services company recently
+completed buying 107,000 of its shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16000" NEWID="10480">
+<DATE>27-MAR-1987 11:23:23.77&#5;&#5;&#5;A RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1260&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-CHOCK-FULL-O'NUTS-&lt;CH   03-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHOCK FULL O'NUTS &lt;CHF> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Chock Full O'Nuts Corp is raising 60
+mln dlrs through an offering of convertible subordinated
+debentures due 2012 with a seven pct coupon and par pricing,
+said lead manager Drexel Burnham Lambert Inc.
+    The debentures are convertible into the company's common
+stock at 10.75 dlrs per share, representing a premium of 24.6
+pct over the stock price when terms on the debt were set.
+    Non-callable for three years, the issue is rated B-2 by
+Moody's Investors and B-minus by Standard and Poor's. Bear
+Stearns and Ladenburg Thalmann co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16001" NEWID="10481">
+<DATE>27-MAR-1987 11:24:02.80&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1265&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-BYERS-&lt;BYRS>-EXTENDS   03-27 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BYERS &lt;BYRS> EXTENDS EXPIRATION OF WARRANTS</TITLE>
+<DATELINE>    HINGHAM, Mass., March 27 - </DATELINE><BODY>Byers Inc said it extended the
+expiration date of its class A warrants to June 11, from March
+31.
+    Byers said each class A warrant entitles the holder to buy
+one common share or one share of its preferred stock at 50 cts
+a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16002" NEWID="10482">
+<DATE>27-MAR-1987 11:25:54.51&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1274&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-SYNERGETICS-&lt;SYNG>-EX   03-27 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNERGETICS &lt;SYNG> EXTENDS WARRANT EXPIRATION</TITLE>
+<DATELINE>    BOULDER, Colo., March 27 - </DATELINE><BODY>Synergetics International Inc
+said it extended the expiration date of its warrants to June 15
+and temporarily reduced the warrant conversion price to 2.25
+dlrs, from 2.50 dlrs.
+    The company said it made the extension to permit a
+re-registration of the common stock underlying the warrants.
+    Synergetics said the reduced conversion price will remain
+effective until May 29, when it will return to 2.50 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16003" NEWID="10483">
+<DATE>27-MAR-1987 11:26:02.38&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1275&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-ADVANCED-TOBACCO-&lt;ATP   03-27 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED TOBACCO &lt;ATPI> IN LICENSING PACT</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, March 27 - </DATELINE><BODY>Advanced Tobacco Products
+Inc said it signed a letter of intent to license a smoking
+deterrent product to a unit of Pharmacia AB &lt;PHABY> of Sweden.
+    Under terms of the agreement, the company said Pharmacia's
+AB Leo unit will pay an undisclosed sum, including
+non-refundable royalties, for exclusive rights to evaluate
+Advanced Tobacco's nicotine technology through July.
+    The company said the unit will also have an option to buy
+exclusive worldwide licensing rights for the technology for
+additional cash and royalties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16004" NEWID="10484">
+<DATE>27-MAR-1987 11:26:05.95&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1276&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+s f BC-CORNERSTONE-FINANICAL   03-27 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORNERSTONE FINANICAL CORP &lt;CSTN> SETS PAYOUT</TITLE>
+<DATELINE>    DERRY, N.H., March 27 -
+    </DATELINE><BODY>Qtrly div eight cts vs eight cts prior
+    Pay May 15
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16005" NEWID="10485">
+<DATE>27-MAR-1987 11:27:45.88&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1284&#31;reute</UNKNOWN>
+<TOPICS><D>gold</D><D>silver</D><D>zinc</D><D>lead</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-PEGASUS-GOLD-&lt;PGULF>   03-27 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEGASUS GOLD &lt;PGULF> STARTS MILLING IN MONTANA</TITLE>
+<DATELINE>    JEFFERSON CITY, Mont., March 27 - </DATELINE><BODY>Pegasus Gold Inc said
+milling operations have started at its Montana Tunnels open-pit
+gold, silver, zinc and lead mine near Helena.
+    The start-up is three months ahead of schedule and six mln
+dlrs under budget, the company said. Original capital cost of
+the mine was 57.5 mln dlrs, but came in at 51.5 mln dlrs, the
+company said.
+    After a start-up period, the mill is expected to produce 
+106,000 ounces of gold, 1,700,000 ounces of silver, 26,000 tons
+of zinc and 5,700 tons of lead on an annual basis from
+4,300,000 tons of ore, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16006" NEWID="10486">
+<DATE>27-MAR-1987 11:30:33.82&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1307&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>ireland</D></PLACES>
+<PEOPLE><D>haughey</D><D>macsharry</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-ECONOMIC-SPOTLIGHT--   03-27 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - IRISH BUDGET</TITLE>
+<AUTHOR>    By Paul Majendie, Reuters</AUTHOR>
+<DATELINE>    DUBLIN, March 27 - </DATELINE><BODY>New Irish Prime Minister Charles
+Haughey, faced with a debt-ridden economy, will have to produce
+a harsh budget next week to impress financial markets, appease
+political opponents and maintain his tenuous hold on power,
+analysts said.
+    For Haughey, who failed to win an overall majority in last
+month's election, only scraped back into power when the speaker
+in parliament stepped in with his casting vote to decide a tied
+vote on who would be the next Prime Minister.
+    Heading a minority government and faced with a stagnant
+economy weighed down by debt, he has little room for manoeuvre.
+    The national debt has now reached 24.3 billion punts --
+10,000 dlrs for every man, woman and child on the island and
+per capita three times the size of Mexico's.
+    Its 19 pct unemployment rate is one of the highest in the
+European Community and 30,000 youngsters emigrate every year.
+The 58 pct income tax level could hardly be raised again.
+    Haughey, declining to be tied down on specifics, promised
+on the election trail to get Ireland out of the debt trap with
+an annual growth rate of 2.5 pct, compared to central bank
+predictions of 1.5 pct. Jobs were his top priority, he said.
+    For his crucial first budget, Haughey has ruled out any
+increase in the level of government borrowing and forecast
+"widespread cutbacks with severe restrictions right across the
+board."
+    Finance Minister Ray MacSharry also stressed that some of
+the 187,000 civil service jobs must go to trim Ireland's annual
+public wages bill of 2.84 billion punts.
+    "The big question now is to what extent he will grasp the
+nettle and cut in next Tuesday's budget," said Kevin Barry,
+economist with National and City Brokers.
+    "You have to cut the Exchequer Borrowing Recquirement (EBR)
+substantially and swiftly. He has to do it now," Barry said.
+    Noting that last year's EBR was 2.145 billion punts, he
+said "Two billion would be good news. The markets are already
+taking the view it is going to be tough."
+    "He has absolutely no room to maneouvre. He cannot spend to
+stimulate the economy. I don't see any good news in the
+short-term."
+    But he, like other analysts, rules out a debt-servicing
+crisis that would mean calling in the International Monetary
+Fund (IMF). "It's too easy to borrow aboard," he added.
+    The steady rise of sterling, the currency of one of
+Ireland's main trading partners, has been a boost to Irish
+exporters with the country recording a 31 mln punt trade
+surplus in February, the 10th surplus in a row.
+    Political uncertainty is not a major factor for the punt
+because the main political parties are all essentially
+conservative with no major economic policy switches expected.
+    New Fine Gael leader Alan Dukes, who replaced ousted Prime
+Minister Garret Fitzgerald at the head of the main opposition
+party, has pledged to back Haughey's budget if, as expected, he
+gets tough.
+    Haughey is four short of an overall majority and would have
+to rely on the support of independent deputies if all four
+opposition parties united to vote against him.
+    But in today's climate of economic austerity, few
+politicians would risk returning to the polls so soon and
+Haughey could cling to power for at least another two years if
+he brings in a belt-tightening budget next week, political
+commentators say.
+    The debt-laden economy is the great national preoccupation,
+pushing firmly into the background for now Haughey's ultimate
+dream of a united Ireland with the British out of the north.
+    H.J. Heinz chairman Tony O'Reilly, one of the most
+successful Irishmen in international business, stressed the
+need for a frontal attack on the national debt, arguing "many of
+our children have lost faith in the future."
+    "Were there to be an uptick in world interest rates or a
+precipitous decline in our parities, the effect on our economy
+and on the provision of services by our government would be
+catastrophic," he said.
+    This island of 3.5 mln people has been living beyond its
+means with a state spending spree on welfare benefits that
+could not be financed by economic growth.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16007" NEWID="10487">
+<DATE>27-MAR-1987 11:32:41.71&#5;&#5;&#5;C G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1317&#31;reute</UNKNOWN>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-/LOWER-ASCS-CORN-PRIC   03-27 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWER ASCS CORN PRICES TO AFFECT TEN STATES</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>The Agriculture Department's
+widening of Louisiana gulf differentials will affect county
+posted prices for number two yellow corn in ten states, a USDA
+official said.
+    All counties in Iowa will be affected, as will counties
+which use the gulf to price corn in Illinois, Indiana,
+Tennessee, Kentucky, Missouri, Mississippi, Arkansas, Alabama
+and Louisiana, said Ron Burgess, Deputy Director of Commodity
+Operations Division for the USDA.
+    USDA last night notified the grain industry that effective
+immediately, all gulf differentials used to price interior corn
+would be widened on a sliding scale basis of four to eight cts,
+depending on what the differential is.
+    USDA's action was taken to lower excessively high posted
+county prices for corn caused by high gulf prices.
+    "We've been following this Louisiana gulf situation for a
+month, and we don't think it's going to get back in line in any
+nearby time," Burgess said.
+    Burgess said USDA will probably narrow back the gulf
+differentials when and if Gulf prices recede. "If we're off the
+mark now because we're too high, wouldn't we be as much off the
+mark if we're too low?" he said.
+    While forecasting more adjustments if Gulf prices fall,
+Burgess said no other changes in USDA's price system are being
+planned right now.
+    "We don't tinker. We don't make changes lightly, and we
+don't make changes often," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16008" NEWID="10488">
+<DATE>27-MAR-1987 11:33:19.75&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1322&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-******DEERE-DISCONTIN   03-27 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DEERE DISCONTINUES NEGOTIATIONS WITH GENERAL MOTORS ON DIESEL JOINT VENTURE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16009" NEWID="10489">
+<DATE>27-MAR-1987 11:37:38.28&#5;&#5;&#5;C G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1348&#31;reute</UNKNOWN>
+<TOPICS><D>corn</D><D>grain</D></TOPICS>
+<PLACES><D>france</D><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-GREECE-BUYS-55,000-TO   03-27 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREECE BUYS 55,000 TONNES FRENCH MAIZE - TRADE</TITLE>
+<DATELINE>    PARIS, March 27 - </DATELINE><BODY>Greece bought a total of 55,000 tonnes of
+French maize when it tendered yesterday, initially for 30,000
+tonnes of April delivery, trade sources said.
+    They said 25,000 tonnes, to be shipped from Bordeaux, were
+sold at 1,603 francs per tonne fob, 15,000 tonnes from Rouen at
+1,596 francs fob and 15,000 tonnes from Sete at 1,607 francs
+fob.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16010" NEWID="10490">
+<DATE>27-MAR-1987 11:38:10.51&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1353&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-PICTEL-&lt;PCTL>-OFFERS   03-27 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PICTEL &lt;PCTL> OFFERS UNITS AT SIX DLRS EACH</TITLE>
+<DATELINE>    PEABODY, Mass., March 27 - </DATELINE><BODY>PicTel Corp said it began a
+public offering of 1,050,000 units priced at six dlrs a unit
+through managing underwriters F.N. Wolf and Co and Sherwood
+Capital Inc.
+    Each unit consists of five shrs of common stock and three
+redeemable common stock purchase warrants exercisable at 1.25
+dlrs a share for five years.
+    The company said it granted F.N. Wolf an option to buy up
+to 157,500 additional units to cover over-allotments.
+    Proceeds will be used for product development, marketing,
+capital equipment and working capital, the telecommunications
+products company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16011" NEWID="10491">
+<DATE>27-MAR-1987 11:38:12.73&#5;&#5;&#5;C T</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1354&#31;reute</UNKNOWN>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-Cocoa-buffer-stock-ru   03-27 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COCOA BUFFER STOCK RULES TO TAKE EFFECT  IMMEDIATELY - DELEGATES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16012" NEWID="10492">
+<DATE>27-MAR-1987 11:38:21.30&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1355&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-C.O.M.B.-&lt;COQ>-TO-HAV   03-27 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C.O.M.B. &lt;COQ> TO HAVE OPTIONS ON AMEX</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>C.O.M.B Inc commenced trading put and
+call options on the American Stock Exchange, according to the
+Exchange.
+    The company's options will trade with initial expiration
+months of April, May, July and October, with position and
+exercise limits at 5,500 contracts on the same side of the
+market, according to the Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16013" NEWID="10493">
+<DATE>27-MAR-1987 11:40:58.61&#5;&#5;&#5;V RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1371&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-U.S.-SEN-GRAMM-INSIST   03-27 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SEN GRAMM INSISTS BUDGET TARGETS BE MET</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>Sen. Phil Gramm, a co-author of the
+Gramm-Rudman balanced budget law, said he will insist Congress
+pass a 1988 budget abiding by the law's 1988 deficit target.
+    The Texas Republican told a news conference he will block
+Senate action on any budget bill failing to hit the 108 billion
+target by raising a parliamentary point of order against it. He
+doubted there were 60 votes needed to overrule him.
+    Senate and House budget committees are working on budget
+plans which will fall short of the 108 billion dlr goal using
+Congressional Budget Office estimates. Gramm favors a spending
+freeze to reach the law's goal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16014" NEWID="10494">
+<DATE>27-MAR-1987 11:41:55.33&#5;&#5;&#5;C G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1377&#31;reute</UNKNOWN>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>china</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-/DROUGHT-CUTS-CHINESE   03-27 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DROUGHT CUTS CHINESE WHEAT CROP -- USDA REPORT</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>Drought has resulted in a reduction
+in China's estimated wheat crop this year to 87.0 mln tonnes,
+2.0 mln below last year's harvest, the U.S. Agriculture
+Department's officer in Peking said in a field report.
+    The report, dated March 25, said imports in the 1987/88
+season are projected at 8.0 mln tonnes, 1.0 mln tonnes above
+the the current season's estimate.
+    Imports from the United States are estimated at 1.5 mln
+tonnes compared to only 150,000 tonnes estimated for the
+1986/87 year, it said.
+    After travelling to major wheat producing areas and
+obtaining more information on the planted area, the total
+planted area was estimated down 290,000 hectares due to the dry
+fall, it said.
+    The report said to compensate for the below normal
+precipitation irrigation has increased as has the use of
+fertilizer.
+    While there are pockets where irrigation is not possible,
+most of the wheat crop has access to some water and therefore
+has emerged from dormancy and is doing well, the report said.
+    It said scattered rain in many parts of China in the past
+10 days has improved the situation but information on hail
+damage in Anhui is incomplete.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16015" NEWID="10495">
+<DATE>27-MAR-1987 11:42:54.87&#5;&#5;&#5;V RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1386&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******FED-SETS-ONE-BI   03-27 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS ONE BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16016" NEWID="10496">
+<DATE>27-MAR-1987 11:43:31.06&#5;&#5;&#5;A RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1390&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-RENT-A-CENTER-&lt;RENT>   03-27 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENT-A-CENTER &lt;RENT> FILES DEBENTURE OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Rent-A-Center Inc said it filed a
+registration statement with the Securities and Exchange
+Commission covering a 35 mln dlr offering of 25-year
+convertible subordinated debentures.
+    Proceeds will be used to finance a business expansion over
+the next one or two years by opening or acquiring additional
+stores, Rent-A-Center said.
+    The company named Morgan Stanley and Co Inc as lead
+underwriter of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16017" NEWID="10497">
+<DATE>27-MAR-1987 11:43:37.74&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1391&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-TELEPHONE-AND-DATA-SY   03-27 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEPHONE AND DATA SYSTEMS &lt;TDS> FILES SHELF</TITLE>
+<DATELINE>    CHICAGO, March 27 - </DATELINE><BODY>Telephone and Data Systems Inc said it
+filed a shelf registration statement covering securities to be
+used in connection with acquisitions.
+    It said the shelf covers 2,500,000 common shares and
+250,000 preferred shares which will not be sold for cash in a
+public offering.
+    Telephone and Data said the filing updates information
+contained in registration statements which it files annually.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16018" NEWID="10498">
+<DATE>27-MAR-1987 11:43:45.85&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1392&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-CISTRON-BIOTECHNOLOGY   03-27 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CISTRON BIOTECHNOLOGY &lt;CIST> SETS DIVIDEND</TITLE>
+<DATELINE>    PINE BROOK, N.J., MARCH 27 - </DATELINE><BODY>Cistron Biotechnology Inc said
+it will pay a stock dividend declared prior to the initial
+public offering of its common stock in August 1986 to
+stockholders of record prior to the common offering.
+    Payment of the dividend was contingent on the closing bid
+price of the common stock averaging two dlrs or more per shares
+for the trading days within any consecutive ten day period
+ending before February 29, 1988. The company said that the
+contingency has been fulfilled.
+    Payment of the stock dividend increases Cistron's
+outstanding common stock to 21,390,190 shares from 16,185,354
+shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16019" NEWID="10499">
+<DATE>27-MAR-1987 11:43:51.46&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1393&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-WERNER-ENTERPRISES-IN   03-27 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WERNER ENTERPRISES INC &lt;WERN> 4TH QTR, YR NET</TITLE>
+<DATELINE>    OMAHA, Neb., March 27 - </DATELINE><BODY>Qtr ends Feb 28
+    Shr 18 cts vs 10 cts
+    Net 2,051,000 vs 901,000
+    Revs 25.8 mln vs 19.2 mln
+    Avg shrs 10.7 mln vs 9,059,600
+    12 mths
+    Shr 87 cts vs 63 cts
+    Net 9,020,000 vs 5,680,000
+    Revs 94.4 mln vs 73.7 mln
+    Avg shrs 10.3 mln vs 9,059,600
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16020" NEWID="10500">
+<DATE>27-MAR-1987 11:43:59.05&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1394&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-revenue-properties-co   03-27 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;REVENUE PROPERTIES CO LTD> YEAR LOSS</TITLE>
+<DATELINE>    TORONTO, March 27 -
+    </DATELINE><BODY>Shr loss eight cts vs loss 24 cts
+    Net loss 1,150,000 vs loss 3,450,000
+    Revs 55.7 mln vs 78.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16021" NEWID="10501">
+<DATE>27-MAR-1987 11:44:23.47&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1397&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-U.S.-TELLS-INDIA-IT-C   03-27 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TELLS INDIA IT CAN BUY SUPERCOMPUTER</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>The United States told India it
+could purchase a supercomputer because U.S. concerns over a
+possible security breach had been removed.
+    U.S. officials said the United States did not specify which
+supercomputer it was willing to sell but had offered India a
+choice.
+    They declined to comment on a newspaper report that the
+United States wanted to sell India a computer less powerful
+than the Indians had sought.
+    They said the United States was awaiting a response from
+New Delhi.
+    The New York Times, quoting unnamed government and industry
+officials, said the United States wanted to sell a weaker-model
+supercomputer to India.
+    U.S. and Indian negotiatiors reached a tentative agreement
+in December on security precautions for the sale of the
+computer, which has a wide variety of military applications.
+    "We have told the Indians that we ratify the tentative
+agreement reached in December," a U.S. official said.
+    India proposed to use the supercomputer to analyze weather
+patterns to forecast monsoons.
+    The sale of a U.S. supercomputer to a non-Western nation is
+rare. This transaction was seen as a test of a
+technology-sharing agreement signed by Prime Minister Rajiv
+Gandhi and President Reagan in 1985.
+    The American concern was that the advanced technology might
+fall into the hands of the Soviet Union, which is India's main
+weapons supplier.
+    One condition calls for U.S. personnel to service the
+computer in India for three years, a Pentagon spokesman said.
+    The spokesman predicted the negotiations, which also
+involved the State Department, could be quickly resolved.
+    The only countries which make the supercomputer are the
+United States and Japan.
+    In New Delhi, Indian officials told Reuters that a U.S.
+offer had been made.
+    "An announcement will be made in 10 days to two weeks time,"
+an official said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16022" NEWID="10502">
+<DATE>27-MAR-1987 11:44:36.51&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1398&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-DEERE-&lt;DE>-ENDS-TALKS   03-27 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEERE &lt;DE> ENDS TALKS WITH GM &lt;GM> ON VENTURE</TITLE>
+<DATELINE>    MOLINE, ILL., March 27 - </DATELINE><BODY>Deere and Co said it agreed with
+General Motors Corp to discontinue negotiations on the
+formation of a joint venture company to design, manufacture and
+market diesel engines.
+    However, the company said it will continue a marketing
+arrangement with GM established in 1985 under which John Deere
+diesel engines are distributed worldwide through GM's Detroit
+Diesel Allison Division.
+    Deere said it and GM began studying the feasibility of
+forming a diesel engine joint venture in March, 1985. They
+signed a memorandum of understanding to combine the diesel
+engine operations of Deere and Detroit Diesel Allison in July
+1986 subject to final negotiations and government clearances.
+    It said the companies' exploration of the potential joint
+venture made it clear there were more effective means to serve
+the interests of their engine customers than by combining
+manufacturing assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16023" NEWID="10503">
+<DATE>27-MAR-1987 11:46:05.99&#5;&#5;&#5;V RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1406&#31;reute</UNKNOWN>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-/-FED-ADDS-RESERVES-V   03-27 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange one billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at 6-1/8 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16024" NEWID="10504">
+<DATE>27-MAR-1987 11:48:00.06&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1419&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-KRUPP-MANAGER-ARRESTE   03-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRUPP MANAGER ARRESTED FOR FRAUD IN W. GERMANY</TITLE>
+<DATELINE>    HANOVER, West Germany, March 27 - </DATELINE><BODY>A manager with steel
+producer Krupp Stahl AG &lt;KRPG.F> was arrested yesterday for
+fraud and falsifying documents, the state prosecutor's office
+said today.
+    Two executives of steel trading companies in North Rhine
+Westphalia and Hanover were also arrested for aiding the Krupp
+manager, a spokesman for the office said. The office identified
+the manager only as Alex I.
+    He said the manager is charged with faking signatures on
+forms ordering large shipments of heavy steel plate from one of
+the trading companies for which Krupp AG paid.
+    The spokesman said the manager ordered the shipments, which
+on paper were for Krupp Stahl AG in Bochum but were delivered
+to the trade house near Hanover.
+    The three men are also accused of pocketing profits from
+the sale of the steel plates, but both Krupp and the
+prosecutor's office declined comment on how much money was
+involved.
+    The Hanover daily Hannoversche Allgemeine said in an
+article today the shipments' order value totalled 100 million
+marks, while another local daily, the Neue Presse, put the
+value at 50 million marks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16025" NEWID="10505">
+<DATE>27-MAR-1987 11:48:27.70&#5;&#5;&#5;F A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1422&#31;reute</UNKNOWN>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-ICCO-COUNCIL-AGREES-C   03-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICCO COUNCIL AGREES COCOA BUFFER STOCK RULES</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The International Cocoa Organization
+(ICCO) Council reached agreement on rules to govern its buffer
+stock, the device it uses to keep cocoa off the market to
+stabilise prices, ICCO delegates said.
+    The date on which the new rules will take effect has not
+been decided but delegates said they expected them to come into
+force early next week, after which the buffer stock manager can
+begin buying or selling cocoa.
+    Since prices are below the "may-buy" level of 1,655 Special
+Drawing Rights a tonne set in the cocoa pact, the manager is
+likely to buy cocoa sooon to support the market, they said.
+    Delegates and traders said they expected the manager,
+Juergen Plambeck, to intervene in the market within three weeks
+of the pact coming into force.
+    The rules permit him to buy and sell cocoa from origins or
+the second hand market on an offer system, not by means of a
+posted price as in the previous cocoa accord.
+    The cocoa will be priced according to a fixed set of
+differentials, ranging from 137 stg for most expensive Ghana
+cocoa to zero for Malaysian cocoa.
+    Purchases from non-members, such as Malaysia, will be
+limited to 15 pct of the total stock and those on any one day
+should be limited to 40 pct each in nearby, intermediate and
+forward positions.
+    The council meeting, which is expected to conclude two
+weeks of sessions involving various working groups and the
+council itself, was continuing, the delegates said.
+    The current cocoa agreement came into force on January 20
+during a previous meeting of the council which was unable to
+agree on the rules to implement buffer stock operations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16027" NEWID="10506">
+<DATE> 27-MAR-1987 11:51:33.23&#5;&#5;&#5;C T</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1434&#31;reute</UNKNOWN>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-NEW-COCOA-BUFFER-STOC   03-27 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA BUFFER STOCK RULES EFFECTIVE IMMEDIATELY</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The cocoa buffer stock rules just
+decided by the International Cocoa Organization, ICCO, council
+will take effect immediately, delegates said.
+    That means the buffer stock manager is likely to begin
+buying cocoa within two or three weeks, after organizing
+communication systems and assessing the market, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16028" NEWID="10507">
+<DATE>27-MAR-1987 11:52:41.16&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1439&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-WERNER-ENTERPRISES-&lt;W   03-27 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WERNER ENTERPRISES &lt;WERN> OFFERS TWO MLN SHARES</TITLE>
+<DATELINE>    OMAHA, Neb., March 27 - </DATELINE><BODY>Werner Enterprises Inc said it
+filed a registration statement with the Securities and Exchange
+Commission covering a public offering of two million shares of
+common stock.
+    The underwriters will be led by Alex, Brown and Sons Inc,
+along with the Robinson-Humphrey Co Inc, the company said.
+    The company said it will sell 800,000 shares, while
+1,200,000 shares will be sold by five selling stockholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16029" NEWID="10508">
+<DATE>27-MAR-1987 11:52:59.48&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1440&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-southam-to-sell-49   03-27 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHAM TO SELL 49 PCT INTEREST IN BRANDON SUN</TITLE>
+<DATELINE>    TORONTO, March 27 - </DATELINE><BODY>&lt;Southam Inc> said it agreed to sell
+its 49 pct interest in Sun Publishing Co Ltd, which publishes
+The Brandon Sun, to majority shareholder publisher Lewis D.
+Whitehead.
+    Terms were not disclosed.
+    Southam said the proposed sale resulted from an offer made
+by Whitehead, whose family has had majority control of the
+newspaper since 1905.
+    The Brandon Sun has daily circulation of 19,100.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16030" NEWID="10509">
+<DATE>27-MAR-1987 11:53:40.96&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1442&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-glamis-gold-sets   03-27 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLAMIS GOLD &lt;GLGVF> SETS COMMON STOCK SPLIT</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 27 - </DATELINE><BODY>Glamis Gold Ltd
+said it will ask shareholders at an April 1 extraordinary
+general meeting to approve a one-and-one-half for one common
+share split.
+    Record date for the split will be set in the near future,
+the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16031" NEWID="10510">
+<DATE>27-MAR-1987 11:53:58.27&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1443&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-KNIGHT-RIDDER-&lt;KRI>-F   03-27 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KNIGHT-RIDDER &lt;KRI> FEBRUARY SALES UP 12 PCT</TITLE>
+<DATELINE>    MIAMI, March 27 - </DATELINE><BODY>Knight-Ridder Inc said total revenues for
+February rose 12 pct, to 108.8 mln dlrs, from 97.1 mln dlrs for
+the same month last year.
+    Year to date, Knight-Ridder said total revenues increased
+10.6 pct, to 213.9 mln dlrs, from 193.5 mln last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16032" NEWID="10511">
+<DATE>27-MAR-1987 11:57:02.40&#5;&#5;&#5;V</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1458&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>greece</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f AM-AEGEAN-NATO 1STLD  03-27 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARRINGTON OFFERS NATO MEDIATION IN AEGEAN</TITLE>
+<DATELINE>    BRUSSELS, March 27, Reuter - </DATELINE><BODY>Greece and Turkey's NATO
+allies called on both countries to avoid any action that could
+aggravate an explosive situation in the Aegean and "avoid
+recourse to force at all costs."
+    After an emergency meeting of NATO ambassadors , a
+statement was issued saying: "the present situation damages the
+interests of Greece and Turkey, and of the Alliance as a whole."
+     Secretary-General Lord Carrington also offered himself as
+a mediator in the dispute on the Western Alliance's southern
+flank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16033" NEWID="10512">
+<DATE>27-MAR-1987 11:58:10.66&#5;&#5;&#5;F A RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1465&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-MARINE-MIDLAND-&lt;MM>-M   03-27 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARINE MIDLAND &lt;MM> MAY RECLASSIFY BRAZIL LOANS</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>Marine Midland Banks Inc said in a
+filing with the Securities and Exchange Commission that it may
+reclassify as "nonperforming" 359 mln dlrs of medium- and
+long-term loans to Brazil.
+    The company added that it expects first quarter 1987
+earnings to be "down moderately" from year-earlier levels.
+    "Continued suspension of interest payments on the medium-
+and long-term debt could result in such loans being classified
+as nonperforming and placed on nonaccrual," it said.
+    However, it added its belief that it was "premature to
+decide at this time" whether to reclassify the loans.
+    Brazil announced Feb. 20 that it was temporarily suspending
+interest payments on all its medium- and long-term foreign bank
+debt.
+    Marine Midland said its total Brazil outstandings as of the
+end of 1986 were 653 mln dlrs, including 359 mln dlrs of
+medium- and long-term loans and 294 mln dlrs of short-term
+outstandings.
+    As of Dec. 31, it had interest receivable of about five mln
+dlrs on its medium- and long-term Brazil outstandings.
+    If debt restructuring talks between Brazil and its creditor
+banks are not completed by the end of the third quarter, the
+company estimated Brazil's action would reduce its net income
+for the year by about 22 mln dlrs.
+    In the first quarter of 1986, Marine Midland reported 
+record earnings of 38.2 mln dlrs, bolstered by certain
+non-recurring securities gains.
+    It said it expected lower first quarter 1987 earnings
+because the money market cost of funds had increased, "narrowing
+net interest spreads somewhat." It said the earnings projection
+was based on "preliminary" 1987 data.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16034" NEWID="10513">
+<DATE>27-MAR-1987 11:58:42.65&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1466&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-ALLSTAR-INNS-BEGINS-P   03-27 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLSTAR INNS BEGINS PUBLIC OFFERING</TITLE>
+<DATELINE>    SANTA BARBARA, Calif., March 27 - </DATELINE><BODY>Allstar Inns LP said it
+began a public offering of 5,832,037 depositary units priced at
+12.50 dlrs a unit through lead underwriter Drexel Burnham
+Lambert Inc and co-managing underwriters Dean Witter Reynolds
+Inc and Bateman Eichler Hill Richards.
+    The units represent limited partners' interest in the
+company.
+    Proceeds will be used to repay debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16035" NEWID="10514">
+<DATE>27-MAR-1987 11:59:37.40&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1469&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-OAKITE-&lt;OKT>-TO-SELL   03-27 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OAKITE &lt;OKT> TO SELL BEAUTY PRODUCTS LINE</TITLE>
+<DATELINE>    BERKELEY HEIGHTS, N.J., March 27 - </DATELINE><BODY>Oakite Products Inc said
+it intends to sell its personal care and beauty product
+business, Paula Payne Inc.
+    Oakite said it plans to retain Paula Payne's warehousing
+and production facilities in Charlotte, N.C., for use by its
+Mlaire Manufacturing subsidiary. Paula Payne was acquired from
+Riegel Textile in 1985 to expand Oakite's aerosol manufacturing
+and warehousing capabilities into the Southeast.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16036" NEWID="10515">
+<DATE>27-MAR-1987 12:00:09.18&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1472&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-NUCLEAR-METALS-&lt;NUCM>   03-27 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUCLEAR METALS &lt;NUCM> HAS DELAY IN ORDERS</TITLE>
+<DATELINE>    CONCORD, Mass., March 27 - </DATELINE><BODY>Nuclear Metals Inc said a delay
+in receiving certain new orders will result in negligible
+earnings per share for its fiscal second quarter.
+    However, the company said it has been assured that the
+orders will be placed beginning in its fiscal third quarter and
+that it expects a strong rebound in earnings for the third and
+fourth quarters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16037" NEWID="10516">
+<DATE>27-MAR-1987 12:00:25.22&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1473&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-ROY-F.-WESTON-WINS-GO   03-27 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROY F. WESTON WINS GOVERNMENT CONTRACT</TITLE>
+<DATELINE>    WEST CHESTER, Pa., March 27 - </DATELINE><BODY>Roy F. Weston Inc said it was
+awarded a three-year contract valued at three mln dlrs to
+provide technical assistance to the U.S. Environmental
+Protection Agency.
+    The company said it is a subcontractor to Sanford Cohen and
+Associates of McLean, Va.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16038" NEWID="10517">
+<DATE>27-MAR-1987 12:01:51.09&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1476&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-CONSUMERS-POWER-&lt;CMS>   03-27 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUMERS POWER &lt;CMS> TO RESTART NUCLEAR PLANT</TITLE>
+<DATELINE>    JACKSON, Mich., March 27 - </DATELINE><BODY>Consumers Power Co said it
+intends to restart the the Palisades Nuclear Plant within the
+next several days.
+    Consumers Power said it shut the plant down last May 19
+because of problems with a regulating steam valve.
+    The utility said the problem has been corrected and Region
+III of the Nuclear Regulatory Commission gave it the go-ahead
+to restart the plant.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16039" NEWID="10518">
+<DATE>27-MAR-1987 12:02:41.20&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1480&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-FIRST-SARASOTA-HOLDER   03-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST SARASOTA HOLDERS APPROVE ACQUISITIONS</TITLE>
+<DATELINE>    JACKSONVILLE, Fla, March 27 -  </DATELINE><BODY>First Sarasota Bancorp said
+its shareholders approved the acquisition of its City
+Commercial Bank subsidiary by First Union Corp's &lt;FUNC> First
+Union National Bank of Florida.
+    The purchase price of the outstanding shares is about 8.6
+mln dlrs.
+    The transaction, subject to regulatory approval, is
+expected to be completed during the second quarter of 1987.
+    After completing the City Commercial acquisition and four
+other acquisitions having combined assets of 248 mln dlrs,
+First Union will have assets of 28.6 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16040" NEWID="10519">
+<DATE>27-MAR-1987 12:02:52.48&#5;&#5;&#5;C G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1481&#31;reute</UNKNOWN>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>jamaica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-JAMAICA-BUYS-U.S.-PL-   03-27 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMAICA BUYS U.S. PL-480 CORN, WHEAT AND RICE</TITLE>
+<DATELINE>    CHICAGO, March 27 - </DATELINE><BODY>Jamaica bought U.S. corn, wheat and
+rice at its tender earlier this week using PL-480 funds, a U.S.
+Department of Agriculture official said.
+    The purchase consisted of the following cargoes -
+ - Cargill sold 1,503.5 tonnes of number two soft red winter
+(SRW) wheat for May 5/30 shipment at 117.44 dlrs per tonne FOB
+Gulf ports.
+ - Continental Grain 8,250 tonnes of number two northern
+spring/dark northern spring (NS/DNS) wheat (14.5 pct protein)
+for April 15/May 10 at 123.97 dlrs FOB Gulf, excluding
+Brownsville.
+ - Nichemen 10,000 tonnes number two SRW wheat for June 12/July
+7 at 103.43 dlrs FOB Gulf.
+ - Nichemen 10,000 tonnes number two NS/DNS wheat (14.0 pct
+protein) for May 25/June 20 at 121.89 dlrs FOB Gulf.
+ - Cargill 10,000 tonnes number two SRW wheat for April 10/May
+5 at 120.88 dlrs FOB Gulf.
+ - Cargill 8,469.5 tonnes number two SRW wheat for May 5/30 at
+117.44 dlrs FOB Gulf.
+ - Louis Dreyfus 4,500 tonnes number three yellow corn (15.0
+pct maximum moisture) for April 10/May 5 at 76.09 dlrs FOB
+Gulf.
+ - Louis Dreyfus 5,300 tonnes same corn April 20/May 15 at
+75.89 dlrs FOB Gulf.
+ - Louis Dreyfus 5,300 tonnes same corn May 10/June 5 at 75.49
+dlrs FOB Gulf.
+ - Louis Dreyfus 5,300 tonnes same corn June 1/25 at 75.49 dlrs
+FOB Gulf.
+ - Loius Dreyfus 3,700 tonnes number two yellow corn (14.5 pct
+maximum moisture) for Apirl 10/May 5 at 76.29 dlrs FOB Gulf.
+ - Louis Dreyfus 3,700 tonnes same corn for May 10/June 5 at
+75.68 dlrs FOB Gulf.
+    Exporters have not received final PL-480 approval on their
+sale of a total of 9,500 tonnes of U.S. number five or better
+long grain brown rice (10 pct maximum broken) for April 10/May
+25 shipments.
+    But the USDA official said he saw no hold-up in obtaining
+that approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16041" NEWID="10520">
+<DATE>27-MAR-1987 12:05:50.31&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1498&#31;reute</UNKNOWN>
+<TOPICS><D>ipi</D><D>trade</D></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-HUNGARIAN-ECONOMY-CON   03-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNGARIAN ECONOMY CONTINUES UNFAVOURABLE TREND</TITLE>
+<DATELINE>    BUDAPEST, March 27 - </DATELINE><BODY>Hungary's economy and hard currency
+trade have failed so far this year to reverse a two-year
+unfavourable trend, the official Hungarian news agency MTI
+said.
+    Industrial production in January and February was only 1.3
+pct up on the same 1986 period, MTI said, while hard currency
+exports fell six pct as imports rose 10 pct.
+    Hungary's hard currency trade fell into a deficit of 539.4
+mln dlrs last year from a surplus of 295.3 mln in 1985 and 1.2
+billion in 1984.
+    MTI quoted a government spokesman saying last December's
+wage freeze decree would expire on April 1 as envisaged.
+    Gross domestic product grew a sluggish one pct in 1986
+after stagnating in 1985 and growing 2.6 pct in 1984.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16042" NEWID="10521">
+<DATE>27-MAR-1987 12:09:29.70&#5;&#5;&#5;F Y</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1528&#31;reute</UNKNOWN>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-NOBLE-AFFILIATES-&lt;NBL   03-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOBLE AFFILIATES &lt;NBL> FINDS NATURAL GAS</TITLE>
+<DATELINE>    ARDMORE, Okla., March 27 - </DATELINE><BODY>Noble Affiliates Inc said it
+found natural gas on Ship Shoal 80, located about 10 miles
+offshore Louisiana in the Gulf of Mexico.
+    The discovery well, Samedan Oil Corp's OCS-G 5537 Well
+Number One, was drilled in 25 feet of water to a total depth of
+7,500 feet and found 38 feet of net gas pay in a 48-foot gross
+sand interval, the company said.
+    The well tested gas at a rate of 6.2 mln cubic feet a day
+through a 26/64-inch choke with 1,548 pounds flowing tubing
+pressure. Gas sales should begin in the first quarter of 1988,
+it said.
+    Samedan, a Noble unit, is operator and owns a 60 pct
+working interest in the well. Other owners are a New England
+Electric System &lt;NES> unit, with a 25 pct stake, and
+Southwestern Energy Production Co, with 15 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16043" NEWID="10522">
+<DATE>27-MAR-1987 12:10:00.80&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1532&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>cyprus</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-CYPRUS-ACCUSES-TURKEY   03-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYPRUS ACCUSES TURKEY OF AIRSPACE VIOLATIONS</TITLE>
+<DATELINE>    NICOSIA, March 27 - </DATELINE><BODY>Cyprus has protested to the United
+Nations over alleged airspace violations by the Turkish air
+force, an official statement said.
+    "On behalf of my government I wish to protest strongly the
+above aggression and provocative actions of Turkey ..." Cyprus'
+permanent representative at U.N. Headquarters said in a letter
+to U.N. Secretary-General Javier Perez de Cuellar.
+    The protest came as NATO ambassadors met in emergency
+session in Brussels to discuss rising tensions between Greece
+and Turkey over a disputed area of the Aegean sea.
+    The protest said Turkish jets flew over Cyprus yesterday
+during an exercise of Turkish forces occupying north Cyprus.
+    There was no immediate indication whether the alleged
+overflight was connected with the Aegean crisis.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16044" NEWID="10523">
+<DATE>27-MAR-1987 12:10:26.86&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1533&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-NORTH-HILLS-&lt;NOHL>-GE   03-27 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH HILLS &lt;NOHL> GETS CONSTRUCTION FUNDING</TITLE>
+<DATELINE>    GLEN COVE, N.Y., March 27 - </DATELINE><BODY>North Hills Electronics Inc
+said its North Hills Israel Ltd unit received a commitment for
+1,500,000 dlrs in financing from the &lt;Overseas Private
+Placement Corp>.
+    The company said the money will be used to construct and
+equip a 14,000-square-foot manufacturing plant in Israel.
+    North Hills said construction of the plant, which will make
+electronic power supplies and interconnect devices for computer
+local area networks, will be completed by the second quarter of
+its current fiscal year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16045" NEWID="10524">
+<DATE>27-MAR-1987 12:11:03.44&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1538&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+w f BC-SOURCE-VENTURE-CAPITA   03-27 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOURCE VENTURE CAPITAL INC YEAR</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., March 27 -
+    </DATELINE><BODY>Shr profit nil vs loss nil
+    Net profit 68,895 vs loss 160,893
+    Revs 3.3 mln vs 104,801
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16046" NEWID="10525">
+<DATE>27-MAR-1987 12:11:18.16&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1539&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-NIGERIA,-FRANCE-TO-RE   03-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA, FRANCE TO RESCHEDULE OFFICIAL DEBT</TITLE>
+<DATELINE>    PARIS, March 27 - </DATELINE><BODY>Nigeria and France have signed a
+bilateral agreement to reschedule Nigeria's
+official debt to France, government sources said.
+    The accord was signed here yesterday by Nigerian Finance
+Minister Chu Okongwu and senior French Treasury officials after
+talks with CoFACE, the French export credit agency, they said.
+    The agreement came after a similar agreement with Britain
+this week and follows an accord between Nigeria and the Paris
+Club of western creditor governments in December to reschedule
+some 7.5 billion dlrs of official debt.
+    The Paris Club multilateral agreement concerned medium and
+long-term debt due between September 1986 and end-1987 over 10
+years with five years grace.
+    As with all Paris Club rescheduling accords, specific
+interest rates and other details have to be negotiated on a
+bilateral basis with the creditor countries involved. No
+details of the discussions here were immediately available.
+    The agreement signed on Tuesday with Britain's Export
+Credits Guarantee Department was the first in Nigeria's tour of
+creditor nations. Okongwu left Paris today for London and is
+due back in Nigeria on Monday, diplomatic sources said.
+    Nigeria is hoping that further bilateral accords can be
+concluded soon as this could encourage official export credit
+agencies to renew insurance cover for exports to Nigeria.
+    CoFACE suspended its cover for medium and long-term export
+contracts with Nigeria in 1983, but maintained its cover for
+current trade deals involving consumer goods with six-month
+credit periods, CoFACE sources said.
+    "We have an open position regarding Nigeria," the sources
+said, adding that it was for French Finance Minister Edouard
+Balladur to decide whether to renew full insurance cover.
+    Nigeria is due to receive 900 mln dlrs in fresh export
+credits this year from official agencies under a structural
+adjustment program drawn up by Nigeria and the World Bank to
+reschedule part of the country's 19 billion dlr foreign debt.
+    But these credits cannot be approved until the export
+credit agencies agree to resume insuring the credits.
+    French exports to Nigeria were 3.42 billion francs in 1986,
+down from 4.94 billion in 1985, while Nigeria's exports to
+France were 5.63 billion francs in 1986, down from 15.33
+billion in 1985. Details of Nigeria's official debts to France
+were not immediately available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16047" NEWID="10526">
+<DATE>27-MAR-1987 12:12:12.85&#5;&#5;&#5;A RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1545&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-SYNERGY-GROUP-SELLS-S   03-27 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNERGY GROUP SELLS SUBORDINATED NOTES</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Synergy Group is offering 85 mln dlrs
+of senior subordinated notes due 1997 with an 11-5/8 coupon and
+par pricing, said sole manager L.F. Rothschild, Unterberg,
+Towbin Inc.
+    Non-redeemable for five years, the notes are rated B-3 by
+Moody's Investors Service Inc and B-plus by Standard and Poor's
+Corp.  The issue was increased from an initial offering of 75
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16048" NEWID="10527">
+<DATE>27-MAR-1987 12:12:38.53&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1548&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-LSB-&lt;LSB>-IN-PACT-TO   03-27 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LSB &lt;LSB> IN PACT TO ACQUIRE NORTHWEST FEDERAL</TITLE>
+<DATELINE>    OKLAHOMA CITY, OK., March 27 - </DATELINE><BODY>LSB Industries Inc said it
+entered into an agreement to acquire Northwest Federal Savings
+and Loan Association of Woodward, Oklahoma.
+    Upon completion of the acquisition, LSB would pay about 1.5
+mln dlrs to the shareholders of Northwest and transfer to
+Northwest Federal certain assets having a net current appraised
+value of not less than 30 mln dlrs.
+    At completion of this transaction, Northwest Federal would
+be a subsidiary of LSB's non-consolidated wholly-owned
+financial subsidiary.
+    The acquisition is subject to obtaining approvals, waivers
+and forbearances from the Federal Home Loan Bank Board and
+other government approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16049" NEWID="10528">
+<DATE>27-MAR-1987 12:12:51.13&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1549&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-&lt;PRAXIS-BIOLOGICS-INC   03-27 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PRAXIS BIOLOGICS INC> MAKES INITIAL STOCK SALE</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 27 - </DATELINE><BODY>Praxis Biologics Inc said it
+began its initial public common stock offering of 1,750,000
+shares at 15.50 dlrs a share.
+    The company said proceeds of the offering will be used to
+fund product research and development, including clinical
+testing.
+    It said the money will also be used to cover acquisition,
+construction and equipment costs and for working capital.
+    The offering is being managed by Shearson Lehman Bros Inc
+and Merrill Lynch Capital Markets, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16050" NEWID="10529">
+<DATE>27-MAR-1987 12:13:37.69&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1552&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-bramalea-ltd   03-27 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BRAMALEA LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 27 -
+    </DATELINE><BODY>Shr 73 cts vs 55 cts
+    Net 26.0 mln vs 17.1 mln
+    Revs 673.3 mln vs 394.5 mln
+    Avg shrs 29.3 mln vs 22.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16051" NEWID="10530">
+<DATE>27-MAR-1987 12:16:08.40&#5;&#5;&#5;V RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1557&#31;reute</UNKNOWN>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f AM-SEMICONDUCTORS   03-27 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN READY TO IMPOSE TRADE CURBS AGAINST JAPAN</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>President Reagan was ready to impose
+retaliatory trade action against Japan for breaking its
+semiconductor agreement with the United States, White House
+officials said.
+    There was no immediate indication when Reagan might act on
+the recommendations of his Economic Policy Council to curb
+Japanese exports to the United States, but officials said the
+move could come today or early next week.
+    Trade sources said the actions being weighed by Reagan
+include tariffs on a wide variety of Japanese exports which use
+semiconductors.
+    The sources said the tariffs could be slapped on personal
+computers, television receivers and laser-printers, with the
+aim of penalizing Japan's major electronic firms, including NEC
+Corp, Hitachi Ltd, Toshiba Corp and Fujitsu Ltd.
+    They said Reaan could also delay invoking sanctions for a
+week or two, giving Japan a final opportunity to end the
+dumping practice, but added that negotiators had already held
+extensive talks with the Japanese to no avail.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16052" NEWID="10531">
+<DATE>27-MAR-1987 12:16:28.35&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1559&#31;reute</UNKNOWN>
+<TOPICS><D>gnp</D><D>reserves</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-SOUTH-AFRICA-GDP-UP-4   03-27 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA GDP UP 4.7 PCT IN 1986 LAST QUARTER</TITLE>
+<DATELINE>    PRETORIA, March 27 - </DATELINE><BODY>The South African Reserve Bank,
+confirming previous estimates, said real gross domestic product
+in the 1986 fourth quarter grew at a seasonally adjusted annual
+rate of 4.7 pct versus 4.6 pct in the third quarter and 1.3 pct
+in the 1985 final quarter.
+    The bank, in its latest quarterly review, said the nominal
+growth rate for the year did not quite reach one pct after a
+1.5 pct contraction in 1985.
+    But it said when the strengthening of the terms of trade is
+taken into account, the real GNP in 1986 advanced by 1.5 pct
+compared with a decrease of 0.5 pct in 1985.
+    GDP is the total value of goods and services produced by an
+economy but omits income from abroad.  GNP includes such
+payments or outflows.
+    The bank also said there were indications the country's
+economic recovery was becoming more broadly based.
+    With the exception of commerce all major sectors of the
+economy contributed to the fourth quarter rise in domestic
+production.
+    The bank said major increases in foreign reserves were
+recorded in January, February and the first half of March 1987.
+Reserves rose by 1.70 billion rand during January and February.
+    Total reserves in 1986 declined by 189 mln rand to 5.70
+billion rand and were equivalent to about 14.5 pct of the total
+annual value of import payments.
+    The current account surplus amounted to 7.20 billion rand
+in 1986 versus 5.90 mln the previous year.
+    The bank said continuing strength of the current account
+has allowed foreign reserves to be "rebuilt to more comfortable
+levels."
+    "This has strengthened the authorities' hands in lending
+support to the exchange rate of the rand if such action were to
+be called for," the bank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16053" NEWID="10532">
+<DATE>27-MAR-1987 12:17:37.09&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1568&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-SOUTHWESTERN-PUBLIC-S   03-27 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWESTERN PUBLIC SERVICE CO&lt;SPS> 2ND QTR NET</TITLE>
+<DATELINE>    AMARILLO, Texas, March 27 -
+    </DATELINE><BODY>Shr 42 cts vs 42 cts
+    Net 19.1 mln vs 19.5 mln
+    Revs 184.9 mln vs 185.1 mln
+    12 mths
+    Shr 2.17 dlrs vs 2.53 dlrs
+    Net 97.0 mln vs 111.8 mln
+    Revs 793.3 mln vs 828.8 mln
+    Avg shrs 40.9 mln vs 40.5 mln
+    NOTE: Year-ago restated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16054" NEWID="10533">
+<DATE>27-MAR-1987 12:18:13.90&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1571&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-GENCORP-&lt;GY>-CHANGES   03-27 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> CHANGES SITE OF ANNUAL MEETING</TITLE>
+<DATELINE>    AKRON, Ohio, March 27 - </DATELINE><BODY>GenCorp Inc said it changed the
+location for its March 31 annual meeting to the Quaker Sqaure
+Hilton, Akron.
+    The company said it changed the location of the meeting
+because of an expected increase in attendance.
+    A partnership of AFG Industries Inc &lt;AFG> and &lt;Wagner and
+Brown> have made a 100 dlr a share tender offer for GenCorp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16055" NEWID="10534">
+<DATE>27-MAR-1987 12:18:44.46&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1572&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-&lt;L.B.-NELSON-CORP>-4T   03-27 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;L.B. NELSON CORP> 4TH QTR NET</TITLE>
+<DATELINE>    MENLO PARK, Calif., March 27 -
+    </DATELINE><BODY>Shr loss two cts vs loss 1.38 dlrs
+    Net profit 34,000 vs loss 3,296,000
+    Revs 3,121,000 vs 1,546,000
+    Year
+    Shr profit 28 cts vs loss 1.61 dlrs
+    Net profit 1,088,000 vs loss 3,546,000
+    Revs 5,266,000 vs 4,169,000
+    Note: Current qtr per share figure adjusted to reflect
+provision for preferred stock dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16056" NEWID="10535">
+<DATE>27-MAR-1987 12:20:28.58&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1576&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-SVENSKA-FINANS-GETS-1   03-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SVENSKA FINANS GETS 100 MLN DLR EURO-CP PROGRAM</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>A 100 mln dlr euro-commercial paper
+program has been arranged for Svenska Finans International BV,
+Manufacturers Hanover Ltd said as one of two arranger/dealers.
+    The other arranger/dealer is Svenska Handelsbanken Plc.
+    The borrower is the wholly owned international holding
+company subsidiary of Svenska Finans AB, a subsidiary of
+Svenska Handelsbanken, Sweden.
+    In connection with the program, the parent has issued a
+letter of intent, which is not a guarantee but states the
+parent's intention to make sure a subsidiary meets its
+financial obligations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16057" NEWID="10536">
+<DATE>27-MAR-1987 12:21:34.89&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1579&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******SOUTHWESTERN-BE   03-27 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SOUTHWESTERN BELL VOTES THREE-FOR-ONE STOCK SPLIT, 8.8 PCT DIVIDEND INCREASE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16058" NEWID="10537">
+<DATE>27-MAR-1987 12:25:34.63&#5;&#5;&#5;C G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1597&#31;reute</UNKNOWN>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-/ANALYSTS-PEG-U.S.-CO   03-27 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSTS PEG U.S. COTTON SEEDINGS 10.6 MLN ACRES</TITLE>
+<AUTHOR>    By Michelle Bolar, Reuters</AUTHOR>
+<DATELINE>    New York, March 27 - </DATELINE><BODY>U.S. cotton farmers are likely to
+plant about 10.6 mln acres in the coming season, based on an
+average of estimates offered by cotton market analysts gearing
+up for the U.S. Agriculture Department's 1987 planting
+intentions report next Tuesday.
+    The annual report gives cotton traders their first glimpse
+of what U.S. production might be in the 1987/88 season, which
+begins August 1.
+    Trade and commission house forecasts ranged from 10.2 to
+10.9 mln acres.
+    On March 18 of last year, the USDA reported that cotton
+farmers in 1986 intended to plant 9.71 mln acres.
+    Four months later, the USDA estimated that 9.67 mln acres
+had been planted as of June 1. By January, its estimate of 1986
+planted acreage nationwide was 10.06 mln.
+    Analysts said their forecasts for even greater acreage in
+1987 were spurred in part by belief that this year's good
+demand and firm prices will be repeated next year. Analysts
+said those factors make cotton a profitable crop.
+    "With cotton more attractive price-wise, I think there is
+going to be a switch in acreage from soybeans to cotton.
+Soybeans are dirt cheap," said Lisbeth Keefe of Cargill
+Investor Services, whose comments were echoed by other cotton
+market specialists.
+    Changes in the U.S. cotton program also could lead to
+increased acreage, analysts said.
+    They recalled that under the 1986 program, cotton farmers
+who used part of their crop as collateral for government loans
+were not responsible for the cost of storing that cotton in
+government warehouses. But under the 1987 plan, the government
+will not pick up the tab for storage.
+    Analysts said the change will discourage some farmers from
+participating in the program, which could result in more
+cotton. "The cotton program stipulates a mandatory set-aside of
+25 pct of a farmer's base acreage," noted Judy Weissman of
+Shearson Lehman Brothers. But farmers who elect not to
+participate in the program are free to plant all the acreage 
+they have.
+    Some analysts said cotton farmers in the high-yielding
+Western states would be most likely to steer clear of the
+program. "Western acreage should be up at least 20 pct," said
+one commission house analyst, whose estimate was based in part
+on forecasts made by the National Cotton Council during its
+annual meeting in late January.
+    But others disagreed. "I think some Western growers have
+decided they should be in the program for security reasons.
+There's a lot of comfort in knowing you'll be guaranteed the
+government's loan price of 52.25 cents a lb. Anyone outside the
+program is subject to the wiles of the market," said Walter
+Brown, market analyst for a major California cotton producer.
+    Some cotton specialists said their expectations for
+increased acreage might not be verified in Tuesday's planting
+intentions report. "Anything the USDA is announcing now is
+based on information they gathered before their cotton program
+was announced (on March 20)," one analyst cautioned. She said
+traders will get a better idea of next year's cotton output
+when the USDA's planted acreage report is released on July 9.
+    Brown took that opinion a step further. "I don't think
+planted acreage is important. What counts is the abandonment
+rate," the difference between acreage planted and acreage
+harvested.
+    Brown said the abandonment rate this year was "pretty high"
+at 15.5 pct because of weather problems in key producing
+states. "More normal would be about six pct," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16059" NEWID="10538">
+<DATE>27-MAR-1987 12:25:58.66&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1599&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-IMATRON-INC-&lt;IMAT>-4T   03-27 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMATRON INC &lt;IMAT> 4TH QTR LOSS</TITLE>
+<DATELINE>    SAN FRANCISCO, March 27 -
+    </DATELINE><BODY>Shr loss 16 cts vs loss seven cts
+    Net loss 3,450,000 vs loss 1,508,000
+    Sales 56,000 vs 1,187,000
+    Avg shrs 22,568,000 vs 20,591,000
+    Year
+    Shr loss 38 cts vs loss 29 cts
+    Net loss 7,977,000 vs loss 6,005,000
+    Sales 3,699,000 vs 2,391,000
+    Avg shrs 21,111,000 vs 20,578,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16060" NEWID="10539">
+<DATE>27-MAR-1987 12:27:03.56&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1604&#31;reute</UNKNOWN>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>belgium</D><D>greece</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-NATO-CALLS-ON-GREECE   03-27 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATO CALLS ON GREECE AND TURKEY TO AVOID FORCE</TITLE>
+<DATELINE>    BRUSSELS, March 27 - </DATELINE><BODY>Greece and Turkey's NATO allies today
+called on both countries to avoid any action that could
+aggravate an explosive situation in the Aegean and "avoid
+recourse to force at all costs."
+    After an emergency meeting of NATO ambassadors, a statement
+was issued saying "the present situation damages the interests
+of Greece and Turkey, and of the Alliance as a whole."
+    Secretary-General Lord Carrington also offered himself as a
+mediator in the dispute on the Western Alliance's southern
+flank.
+    The meeting was called after reports that warships of both
+countries were sailing towards a disputed oil exploration zone
+of the Aegean.
+    The statement said the tensions in the area had reached a
+serious level and called on both countries to begin immediate
+discussions. "Any intensification would make things worse," it
+added.
+    No attempt was made at the meeting to resolve the complex
+dispute which was aimed at damage-limitation. Carrington said,
+"I am of course anxious to help in any way I can, provided that
+both Greece and Turkey, and the other allies, wish me to do so."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16061" NEWID="10540">
+<DATE>27-MAR-1987 12:28:53.83&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1615&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-HONEYWELL-&lt;HON>-UNIT   03-27 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONEYWELL &lt;HON> UNIT GETS COMPUTER CONTRACTS</TITLE>
+<DATELINE>    CHICAGO, March 27 - </DATELINE><BODY>Honeywell Bull Inc, the newly formed
+company jointly owned by Honeywell Inc, &lt;NEC Corp> of Japan and
+&lt;Compagnie des Machines Bull> of France, received four
+contracts for mainframe computers and related equipment.
+    Honeywell Bull said it received separate contracts from
+Coleco Industries &lt;CLO>; &lt;North West Securities>, a
+British-based financial institution; the DeKalb Country School
+System of Georgia, and Banca Popolare De Vicenza, an Italian
+regional bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16062" NEWID="10541">
+<DATE>27-MAR-1987 12:28:59.65&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1616&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-PLAZA-GROUP-COMPLETES   03-27 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLAZA GROUP COMPLETES MERGER TRANSACTION</TITLE>
+<DATELINE>    CHICAGO, March 27 - </DATELINE><BODY>&lt;Plaza Group> said it completed a
+transaction in which it merged its wholly owned subsidiary,
+Flyfaire International Inc, into Shefra Inc, a public company,
+in return for a controlling interest in Shefra.
+    With completion of the merger, Shefra changed its name to
+Flyfaire International Inc.
+    Flyfaire, with annual sales of 100 mln dlrs, is engaged in
+the wholesale vacation travel business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16063" NEWID="10542">
+<DATE>27-MAR-1987 12:29:02.73&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1617&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+s f BC-CONAGRA-INC-&lt;CAG>-REG   03-27 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONAGRA INC &lt;CAG> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    OMAHA, NEB., March 27 -
+    </DATELINE><BODY>Qtly div 14-1/2 cts vs 14-1/2 cts prior
+    Pay June One
+    Record April 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16064" NEWID="10543">
+<DATE>27-MAR-1987 12:30:18.68&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1623&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-HARNISCHFEGER-&lt;HPH>-O   03-27 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARNISCHFEGER &lt;HPH> OFFERING 3.5 MLN SHARES</TITLE>
+<DATELINE>    MILWAUKEE, Wisc., March 27 - </DATELINE><BODY>Harnischfeger Industries Inc
+said it is offering 3.5 mln shares of common stock at 17 dlrs
+per share, starting today.
+    The crane and material handling equipment maker said 2.5
+mln shares are being offered in the U.S. through an
+underwriting group led by Shearson Lehman Brothers Inc and
+Merrill Lynch Capital Markets &lt;MER>.
+    The rest, it said, is being offered through an
+international underwriting group led by Shearson Lehman
+Brothers International Inc and Merrill Lynch International and
+Co.
+    Harnischfeger said it will use the offering's approximately
+56.7 mln dlrs in proceeds to reduce the debt it incurred by
+acquiring Syscon Corp.
+    The company added it granted the underwriters the option to
+acquire an additional 525,000 shares the cover overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16065" NEWID="10544">
+<DATE>27-MAR-1987 12:31:02.18&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1625&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-LLC-&lt;LLC>,-AMALGAMATE   03-27 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLC &lt;LLC>, AMALGAMATED REPORT SIX MONTHS NET</TITLE>
+<DATELINE>    DALLAS, March 27 - </DATELINE><BODY>Valhi Inc reported earnings of LLC Corp
+and the Amalgamated Sugar Co for the six month period ended
+December 31.
+    Effective March 10, Amalgamated merged into LLC, which
+changed its name to Valhi. The following results reflect the
+operations of the companies prior to the merger.
+    LLC Corp reported net income of 18.4 mln dlrs or 60 cts a
+share on revenues of 55.6 mln dlrs compared to 23.2 mln dlrs or
+75 cts a share on revenues of 79.3 mln dlrs a year ago.
+   This year's net includes an extraordinary loss of 201,000
+dlrs and a gain of 4.7 mln dlrs. 1985's net included an
+extraordinary gain of 6.3 mln dlrs, Valhi said.
+    Amalgamated reported net income of 10.65 dlrs per share or
+69.7 mln dlrs on revenues of 371.3 mln dlrs compared to a net
+loss of 700,000 dlrs or 10 cts a share on revenues of 254.7 mln
+dlrs last year.
+    Valhi said effective December 31, it changed its fiscal
+year-end from June 30 to December 31.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16066" NEWID="10545">
+<DATE>27-MAR-1987 12:33:36.16&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1635&#31;reute</UNKNOWN>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-GROS-DENIES-COURT-ACT   03-27 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROS DENIES COURT ACTION AGAINST BRAZIL</TITLE>
+<DATELINE>    BRASILIA, March 27 - </DATELINE><BODY>Central Bank president Francisco Gros
+denied rumours that foreign creditors had filed court actions
+against Brazil to seek payment of its 109-billion dlr debt.
+    "There is no court action against Brazil," Gros said in a
+television interview.
+    Brazil last month suspended interest payments on its 68
+billion dlr debt to commercial banks and yesterday suggested an
+extension of short-term credit lines for 60 days until May 31.
+    Media reports said some banks rated as small among Brazil's
+700 creditors had filed lawsuits against the decision to
+suspend interest payments.
+    Gros said negotiations with the commercial creditors would
+start within two weeks, when he and Finance Minister Dilson
+Funaro attend council meetings of the International Monetary
+Fund (IMF) in Washington.
+    "Brazil is facing the issue very carefully. We are seeking a
+negotiation that will give the country space to grow, because
+only with growth will we be able to meet our commitments," Gros
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16067" NEWID="10546">
+<DATE>27-MAR-1987 12:34:20.79&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1640&#31;reute</UNKNOWN>
+<TOPICS><D>gold</D><D>money-fx</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-GOLD-PRICE,-STOCKS-BE   03-27 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/GOLD</TITLE>
+<AUTHOR>    By Solange De Santis</AUTHOR>
+<DATELINE>    Toronto, March 27 - </DATELINE><BODY>The price of gold bullion and share
+prices of North American gold stocks are benefiting from
+continued weakness in the U.S. dollar, analysts said.
+    "There's been a tug of war between the (currency)
+speculators and the central banks over the U.S. dollar and it
+looks like the game has gone to the speculators," said John Ing
+at Maison Placements Canada Inc.
+    The dollar remained close to post-World War II lows today
+against the Japanese yen despite buying by several central
+banks, including the Federal Reserve, dealers said.
+    A drop in the dollar means uncertainty and gold is the
+traditional hedge against uncertainty, Ing noted.
+    Another analyst, Richard Cohen at Brown Baldwin Nisker Ltd,
+noted that "a lot of foreign investors are holding U.S. dollars.
+If they see they are losing money, they move back into gold."
+    A dollar decline also has inflationary implications, Ing
+said, adding that Maison Placements sees inflation rising to a
+four pct annual rate from the current level of about three pct.
+    Ing predicts gold will peak at 510 dlrs this year from its
+current level of about 416 dlrs per ounce. Cohen sees an
+average price of 425 dlrs, and another analyst, Michael
+Pickens, at Yorkton Securities, puts the average at 450 dlrs,
+with a possible spike above 500 dlrs.
+    However, gold stocks in the U.S. and Canada have risen far
+faster in recent months than the price of the metal itself,
+causing concern among analysts that a correction lies somewhere
+in the future. But for now, all analysts say there is no sign
+the buying pressure is slowing down. "The stocks have run an
+incredible way," Cohen said.
+    On U.S. markets today, ASA Ltd &lt;ASA> rose 4-1/8 to 61-1/2,
+Campbell Red Lake Mines &lt;CRK> was up 1-3/8 and Newmont Gold
+&lt;NGC> increased 1-1/2 to 31-1/4.
+    The Toronto Stock Exchange gold index today was up 268
+points at 8067.90. Hemlo Gold gained 1-1/4 at 26-3/4, LAC
+Minerals was up 1-5/8 at 41, Placer Development rose 1-1/4 at
+43-3/8 and Lacana Mining gained 1 at 18.
+    Ing pointed out that the TSE gold index has gained 51 pct
+since December 31, 1986, while the price of bullion has
+increased six pct. "Canadian golds have been the top performing
+index this year," he noted.
+    In the U.S., there is "too much money chasing too few
+stocks," Pickens said. And many investing institutions such as
+pension funds and insurance companies still have excess cash,
+he added.
+    Cohen also noted that today's silver price break through
+six dlrs an ounce indicates small investors are entering the
+precious metals market and he expects the ratio between gold
+and silver prices to narrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16068" NEWID="10547">
+<DATE>27-MAR-1987 12:34:44.54&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1642&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-/SOUTHWESTERN-BELL&lt;SB   03-27 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWESTERN BELL&lt;SBC> VOTES SPLIT, UPS PAYOUT</TITLE>
+<DATELINE>    ST. LOUIS, March 27 - </DATELINE><BODY>Southwestern Bell Corp said its board
+voted a three-for-one stock split and increased the dividend
+8.8 pct to 1.60 dlrs a share.
+    On a post-split basis, the increased dividend will be 58
+cts a share, payable May One to holders of record April 10.
+    Southwestern Bell said the stock split is
+its first. It said shares will be mailed May 22, record May
+Four.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16069" NEWID="10548">
+<DATE>27-MAR-1987 12:35:33.79&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1648&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-HONEYWELL-BULL-SEES-R   03-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONEYWELL BULL SEES REVENUE GROWTH</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Honeywell Bull Inc, owned by Honeywell
+Inc &lt;HON>, &lt;Cie des Machines Bull> and &lt;NEC Corp>, said it
+expects its 1987 revenues to increase 15 to 20 pct over its
+current level of about 1.9 billion dlrs.
+    Honeywell Bull president Jerome Meyer also told the press
+conference the company was profitable, adding the company aimed
+to improve profits over time.
+    Honeywell Inc earlier today received 527 mln dlrs in cash
+for the sale of 57.5 pct of its computer business to Bull and
+NEC. Honeywell will retain a 42.5 pct interest in Honeywell
+Bull and Bull will own an equal amount.
+    NEC owns 15 pct of the company.
+    Meyer, who had been executive vice president of Honeywell
+Information Systems, said Honeywell Bull would work closely
+with NEC and Bull in both developing new products and marketing
+computers to multi-national companies.
+    "We haven't been growing as fast as we'd like, but we are
+going to turn that around," Meyer said. He said business was 
+soft in the U.S.
+    He said the company was reorganizing its distribution
+programs and its staff, reassigning and laying off selected
+employees. He also said the company was hiring new workers.
+    Honeywell Bull chairman Jacques Stern, who is also chairman
+of Bull, said he believed the computer industry could be a fast
+growing market for companies that provide the type of computers
+customers want. "I don't believe in the slump of the market,"
+he said.
+    The computer company would offer open systems so that
+customers would not be tied to a specific vendor or
+architecture, and it will also focus on tying computers
+together through communications networks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16070" NEWID="10549">
+<DATE>27-MAR-1987 12:40:16.22&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1671&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-MCDONNELL-DOUGLAS-&lt;MD   03-27 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL DOUGLAS &lt;MD> AWARDS CONTRACTS</TITLE>
+<DATELINE>    LONG BEACH, Calif., March 27 - </DATELINE><BODY>McDonnell Douglas Corp said
+it awarded two contract totaling 284 mln dlrs for landing gear
+for its new MD-11 jetliner.
+    The company said IC Industries Inc's &lt;ICX> Pneumo Abex Corp
+unit was given a 214 mln dlr contract to make main landing
+gear, while &lt;AP Precision Hydraulics> was awarded a 70 mln dlr
+contract to build centerline and nose gear.
+    The company said Pneumo's Cleveland Pneumatic unit will
+build 300 shipsets.
+    AP Hydraulics' contract calls for 200 shipsets and options
+for an additional 100, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16071" NEWID="10550">
+<DATE>27-MAR-1987 12:42:03.84&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1675&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-MOODY'S-DOWNGRADES-GE   03-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S DOWNGRADES GELCO &lt;GEL> AND UNIT'S DEBT</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Moody's Investors Service Inc said
+that it downgraded Gelco Corp's variable rate notes and
+convertible debentures to Ba-3 from Ba-2.
+    It also lowered the ratings of Gelco unit CTI International
+Inc's senior debt to Ba-3 from Ba-2 and CTI's
+subordinated debt to B-2 from B-1. About 486 mln dlrs if
+affected.
+    Moody's said the changes reflect the reduced levels of debt
+protection resulting from Gelco's restructuring efforts.
+Moody's said it is not adjusting Gelco's B-2 subordinated debt
+rating because it remains an appropriate assessment of risk.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16072" NEWID="10551">
+<DATE>27-MAR-1987 12:45:02.58&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1687&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-HANSON-&lt;HAN>-TO-SELL   03-27 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANSON &lt;HAN> TO SELL BOND'S DELIVERY SERVICE</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Hanson Industries, the U.S. arm of
+Hanson Trust PLC, said contracts have been exchanged in London
+for the sale of Bond's Delivery Service to Rockwood Holdings
+PLC for about 6.0 mln dlrs in cash.
+    Completion is subject to Rockwood shareholder approval.
+    In its most recent financial year, Bond's which was
+purchased
+by Hanson Trust Plc in its acquisition of Imperial Group PLC in
+April 1986, made 960,000 dlrs pre-tax profit on sales of 13.6
+mln dlrs.
+    Net tangible assets are 5.2 mln dlrs, Hanson said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16073" NEWID="10552">
+<DATE>27-MAR-1987 12:47:25.64&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1692&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-BULL-TO-ISSUE-800-MLN   03-27 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BULL TO ISSUE 800 MLN FRANCS STOCK OPTION BONDS</TITLE>
+<DATELINE>    PARIS, March 27 - </DATELINE><BODY>French state computer group Cie des
+Machines Bull &lt;BULP.PA> will issue 800 mln French francs worth
+of stock option bonds, the Finance Ministry said.
+    Each bond of 1,000 francs nominal and six pct interest,
+will carry three "A" warrants and three "B" warrants giving the
+right to subscribe to Bull shares.
+    Bull is on the government's list of companies scheduled to
+be privatised over the next five years but no date has been
+set.
+    This operation will reinforce Bull's capital and reduce the
+state's stake, prior to privatisation, the Ministry said in a
+press release.
+    The three "A" warrants will give the right to subscribe to
+five Bull shares at a price of 46 francs until November 30,
+1988 and the three "B" warrants the right to subscribe to five
+shares at a price of 52 francs until November 30, 1989.
+    The eight-year bond, which will be issued at par, will have
+a payment date of April 28 and will increase Bull's capital by
+1.2 billion francs in 1989.
+    Bull shares were quoted at a close of 55.45 francs on the
+Paris stock exchange today.
+    The privatisation commission values Bull at a minimum of
+six billion francs, the press release said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16074" NEWID="10553">
+<DATE>27-MAR-1987 12:51:34.99&#5;&#5;&#5;V RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1711&#31;reute</UNKNOWN>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-/U.S.-PRICE-DATA-SUGG   03-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PRICE DATA SUGGEST MODERATE INFLATION</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Latest consumer price data indicate
+U.S. inflation will be moderate in 1987 even though it will be
+above last year's pace, economists said.
+    "Inflation is not such a constructive factor as this time
+last year, but it's not building up a large head of steam,"
+said Allan Leslie of Discount Corp.
+    U.S. consumer prices, as measured by the consumer price
+index for all urban consumers, rose a seasonally adjusted 0.4
+pct in February after a 0.7 pct January gain. Energy prices,
+which fired January's data with a three pct rise, advanced a
+more moderate 1.9 pct last month.
+    The CPI came within the range of economists' expectations
+and had little direct impact on U.S. financial markets.
+    Among the key components of the report, transportation
+prices rose 0.5 pct in February after a 1.5 pct January gain
+reflecting smaller price appreciation for motor fuels and
+declines in new car prices and finance charges.
+    "There are no pronounced pressures at the retail level,"
+said William Sullivan of Dean Witter Reynolds Inc.
+    Economists said the latest CPI supports existing
+expectations for an inflation rate of 3.5 to four pct in 1987.
+    The CPI rose 1.1 pct from December 1985 to December 1986.
+Without last year's energy price drop, it rose 3.8 pct.
+    Economists said that upward pressure on import prices as a
+result of the dollar's drop as well as the volatile energy
+component warrant attention in case gains in these areas become
+factored into the wider economic picture.
+    "As long as those price rises do not become entrenched in
+cost of living adjustments contained in labor contracts, thus
+reducing international competitiveness, then the Federal
+Reserve would probably be willing to tolerate four pct
+inflation," said Larry Leuzzi of S.G. Warburg and Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16075" NEWID="10554">
+<DATE>27-MAR-1987 12:53:59.16&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1723&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-SECOND-FDA-PANEL-REVI   03-27 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECOND FDA PANEL REVIEWS GENENTECH'S &lt;GENE> TPA</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>The federal Food and Drug
+Administration (FDA) is expected to announce soon that it will
+require an additional review of Genentech Inc's TPA heart drug,
+a move that likely will delay the company's plans to
+market the drug this spring, government and Wall Street sources
+said.
+    TPA, a bio-engineered blood-clot dissolving drug which
+Genentech hopes to market under the name Activase, will be
+reviewed by the FDA's cardiorenal advisory committee during the
+panel's May 28-29 meeting, the sources said.
+    Neither Genentech nor the FDA would confirm that a second
+review of the drug had been set.
+    "It's under consideration for the May 28-29 meeting," an FDA
+official said. "It's on a draft agenda."
+    Similarly, a Genentech spokeswoman said the FDA had not yet
+notified it of the second advisory committee review.
+    "We know it's a possibility, but as of this minute, we can't
+confirm that we are on the agenda," she said.
+    The spokeswoman said a second review had "always been a
+possibility." But she declined to say how the review would
+affect marketing plans before receiving official FDA word.
+    The spokeswoman acknowledged that rumors of a second FDA
+committee review had buffeted Genentech's stock yesterday on
+Wall Street. The stock fell 2.75 dlrs a share to clsoe at 61.75
+dlrs.
+    TPA stands for tissue plasminogen activator, and would be
+used on heart attack victims to clear blockage in a vein or
+artery. Though other blood clot dissolvers are on the market,
+TPA is said to be more effective and with fewer side effects.
+    Analysts have projected the worldwide market for the drug
+at as high as 1.5 billion dlrs a year.
+    Stuart Weisbrod, a biotechnology analyst with Prudential
+Bache Securities Inc., told Reuters the additional FDA review
+likely would keep TPA off the market until at least November.
+    Approval had been expected this spring.
+    He said the FDA action prompted him to cut his estimate of
+Genentech's 1987 earnings to about 40 cents a share from his
+earlier projection of 67 cents a share.
+    He said the delay would lower Genentech's 1987 revenues
+from TPA to about five to six mln dlrs compared to an earlier
+projection of 50 to 60 mln dlrs of 1987 revenues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16076" NEWID="10555">
+<DATE>27-MAR-1987 12:55:26.78&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1726&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-WESTINGHOUSE-INTEREST   03-27 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTINGHOUSE INTERESTED IN MERGER OF RADIO UNIT</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Westinghouse Electric Corp &lt;WX> said
+it is still open to a merger of its radio operations with
+General Electrics Co's &lt;GE> NBC radio operations.
+    "We have left the door open and GE is reassessing the
+merger and so are we," Westinghouse chairman Douglas Danforth
+told Reuters at the conclusion of a meeting before analysts.
+    Danforth said he continues to see value in a merger between
+Westinghouse's radio operation and those of NBC. 
+    Discussions with NBC on the merger of the two companies'
+radio units were suspended in December.
+    Danforth reaffirmed that Westinghouse is interested in
+acquisitions, saying the company is leaning toward acquisitions
+in the 300 mln to 500 mln dlr range. He said, however, that
+larger acquisitions are possible if they are the right fit.
+    Danforth, who earlier today said he expects earnings growth
+in the double-digit range through 1989, said he is comfortable
+with analysts' predictions of 4.80 dlrs to 5.30 dlrs a share
+this year. In 1986 the company earned 4.42 dlrs a share.
+    He said the company has targeted waste energy systems and
+hazardous waste removal, as some of the emerging growth areas
+for the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16077" NEWID="10556">
+<DATE>27-MAR-1987 12:56:01.84&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1729&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-COMPUTER-NETWORK-TECH   03-27 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER NETWORK TECHNOLOGY &lt;CMNT> 4TH QTR LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, March 27 -
+    </DATELINE><BODY>Shr loss eight cts vs loss eight cts
+    Net loss 655,457 vs loss 566,429
+    Rev 258,712 vs nil
+    Year
+    Shr loss 31 cts vs loss 26 cts
+    Net loss 2,725,882 vs loss 1,759,675
+    Rev 349,070 vs nil
+    NOTE: Company's full name is Computer Network Technology
+Corp. 1985 revenues n.a. because 1986 was initial year of
+product revenue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16078" NEWID="10557">
+<DATE>27-MAR-1987 12:56:18.60&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1731&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-COMPUTER-NETWORK-&lt;CMN   03-27 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER NETWORK &lt;CMNT> IN PACT WITH CRAY &lt;CYR></TITLE>
+<DATELINE>    MINNEAPOLIS, March 27 - </DATELINE><BODY>Computer Network Technology Corp
+said it has signed an OEM agreement with Cray Research Inc,
+allowing Cray to resell Computer Network's CHANNELink 5000
+Series Channel processor.
+    In connection with this, Computer Network said Cray also
+made an order for CHANNELink Model 5312 processors valued at
+421,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16079" NEWID="10558">
+<DATE>27-MAR-1987 12:57:35.34&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1736&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-PHARMACIA-UNIT-SIGNS   03-27 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHARMACIA UNIT SIGNS NICOTINE TECHNOLOGY LICENCE</TITLE>
+<DATELINE>    STOCKHOLM, March 27 - </DATELINE><BODY>Sweden's &lt;AB Leo>, manufacturer of
+the anti-smoking chewing gum Nicorette, said it had signed a
+letter of intent to study the nicotine technology of &lt;Advanced
+Tobacco Products Inc> (ATPI) of San Antonio, Texas.
+    Leo, a subsidiary of Pharmacia AB &lt;PHAB ST>, said the
+agreement gives it the option of acquiring worldwide licences
+and rights to ATPI at the end of its period of study.
+    No cash details of the deal were given and Leo said no
+further details would be given until a definite agreement had
+been signed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16080" NEWID="10559">
+<DATE>27-MAR-1987 12:57:47.05&#5;&#5;&#5;C</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1737&#31;reute</UNKNOWN>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>biffex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-BIFFEX-LOOKING-TO-JOI   03-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIFFEX LOOKING TO JOIN NEW FUTURES EXCHANGE</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The Baltic International Freight Futures
+Exchange (BIFFEX) said it agreed to pursue negotiations with
+other futures markets on the Baltic Exchange with a view to
+merging into a new futures exchange.
+    Legal advisers have already been instructed to implement
+amalgamation of the London Potato Futures Association, the Soya
+Bean Meal Futures Exchange and the London Meat Futures
+Exchange.
+    The London Grain Futures Market has also discussed merging
+with the other markets.
+    The aim of the merger is to seek Recognised Investment
+Exchange status as required by the 1986 Financial Services Act.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16081" NEWID="10560">
+<DATE>27-MAR-1987 12:57:56.16&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1738&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-INSTINET-&lt;INET>-CHANG   03-27 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSTINET &lt;INET> CHANGES SPECIAL MEETING DATE</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Instinet Corp said the special meeting
+at which shareholders will vote on its proposed merger with
+Reuters Holdings PLC &lt;RTRSY> will be held May 12.
+    Instinet said it had previously scheduled the meeting for
+May 21.
+    It said the record date for the meeting remains April 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16082" NEWID="10561">
+<DATE>27-MAR-1987 12:58:01.44&#5;&#5;&#5;E F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1739&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-canadian-satellite   03-27 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CANADIAN SATELLITE COMMUNICATIONS> SIX MTHS NET</TITLE>
+<DATELINE>    MONTREAL, March 27 -
+    </DATELINE><BODY>Period ended February 28
+    Oper shr profit six cts vs loss 15 cts
+    Oper profit 474,000 vs loss 1,175,000
+    Revs 17,946,000 vs 9,271,000
+    Note: Current shr and net exclude tax gain of 513,000  dlrs
+or five cts share
+    full name &lt;Canadian Satellite Communications Inc>
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16083" NEWID="10562">
+<DATE>27-MAR-1987 12:59:03.15&#5;&#5;&#5;A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1741&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-CABOT-&lt;CBT>-CALLS-NOT   03-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABOT &lt;CBT> CALLS NOTES FOR REDEMPTION</TITLE>
+<DATELINE>    WALTHAM, Mass., March 27 - </DATELINE><BODY>Cabot Corp said it called for
+redemption its outstanding 12-1/4 pct notes due November 1,
+1994 and 10-3/4 pct notes due September 1, 1995, aggregating 89
+mln dlrs at face amount.
+    It said the redemption is part of a restructuring in which
+it has said it would divest itself of certain discontinued
+businesses, repurchase shares and reduce long-term debt.
+    The 12-1/4 pct notes will be redeemed at 108.47 pct plus
+interest from November 1, 1986. The 10-3/4 pct notes will be
+redeemed at 108.96 pct plus accrued interest from March 1,
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16084" NEWID="10563">
+<DATE>27-MAR-1987 12:59:10.88&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1742&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-FRENCH-MINISTERIAL-ME   03-27 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH MINISTERIAL MEETING HELD ON CGCT SALE</TITLE>
+<DATELINE>    PARIS, March 27 - </DATELINE><BODY>Finance Minister Edouard Balladur,
+Industry Minister Alain Madelin and Telecommunications Minister
+Gerard Longuet met for more than an hour today to discuss the
+imminent sale of the French telephone switching group &lt;Cie
+Generale de Constructions Telephoniques>, a spokesman for
+Longuet said.
+    No decision was announced as a result of the meeting, and
+the French government has given itself until the end of next
+month to choose between the candidates.
+    The sale of CGCT, which controls 16 pct of France's
+telephone market, has been priced at 500 mln francs, and three
+international consortia are battling for the right to buy it.
+    West Germany's Siemens AG &lt;SIEG.F> has teamed up with the
+French group Jeumont-Schneider, in opposition to a bid from the
+U.S. Group ATT &lt;T.N> and the Dutch Philips Telecommunications
+BV &lt;PGLO.AS> in association with the French telecommunications
+firm SAT &lt;Societe Anonyme de Telecommunications>.
+    A third bid has been lodged by Sweden's AB LM Ericsson
+&lt;ERIC.ST>, allied with French defence electronics group Matra
+&lt;MATR.PA> and Bouygues SA &lt;BOUY.PA>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16085" NEWID="10564">
+<DATE>27-MAR-1987 12:59:47.94&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1744&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-DEAN-FOODS-CO-&lt;DF>-3R   03-27 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEAN FOODS CO &lt;DF> 3RD QTR NET</TITLE>
+<DATELINE>    CHICAGO, March 27 -
+    </DATELINE><BODY>Shr 35 cts vs 40 cts
+    Net 9,246,000 vs 10,719,000
+    Sales 367.9 mln vs 315.1 mln
+    Nine mths
+    Shr 1.03 dlrs vs 1.13 dlrs
+    Net 27,490,000 vs 30,160,000
+    Sales 1.06 billion vs 915.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16086" NEWID="10565">
+<DATE>27-MAR-1987 12:59:58.69&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1745&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-DEAN-FOODS-CO-&lt;DF>-RA   03-27 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEAN FOODS CO &lt;DF> RAISES DIVIDEND</TITLE>
+<DATELINE>    CHICAGO, March 27 -
+    </DATELINE><BODY>Qtly div 13-1/2 cts vs 11-1/2 cts prior
+    Pay June 15
+    Record May 22
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16087" NEWID="10566">
+<DATE>27-MAR-1987 13:00:32.16&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1748&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-DOSKOCIL-&lt;DOSK>-SHARE   03-27 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOSKOCIL &lt;DOSK> SHAREHOLDERS VOTE REVERSE SPLIT</TITLE>
+<DATELINE>    HUTCHINSON, Kan., March 27 - </DATELINE><BODY>Doskocil Cos Inc said its
+shareholders approved a one-for-10 reverse stock split, which
+is expected to become effective by April 30.
+    The company said the reverse split will reduce the its
+outstanding shares to about six mln from 60 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16088" NEWID="10567">
+<DATE>27-MAR-1987 13:00:55.39&#5;&#5;&#5;Y</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1751&#31;reute</UNKNOWN>
+<TOPICS><D>cpi</D><D>crude</D><D>nat-gas</D><D>heat</D><D>propane</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-U.S.-ENERGY-COSTS-ROS   03-27 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY COSTS ROSE IN FEBRUARY BY 1.9 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>Consumer energy costs rose 1.9 pct
+in February following a sharp rise last month, the Labor
+Department said.
+    The February increase in the overall energy costs,
+including petroleum, coal and natural gas, followed a 0.2 pct
+drop in December and a 3.0 pct rise in January, it said.
+    Energy prices were 12.2 pct below year-ago levels.
+    The department's Consumer Price Index showed that the cost
+of gasoline rose in February by 4.2 pct, after a 6.6 pct rise
+in January.
+    Gasoline prices were nonetheless 18.0 pct below their
+levels as of February 1986.
+    Also, the category including fuel oil, coal and bottled gas
+rose in February by 3.8 pct, putting it 14.9 pct under the
+year-ago figure.
+    The index also showed that natural gas and electricity were
+unchanged last month, but down 3.5 pct from the February 1986
+figure, the department said.
+    The index has been updated  o reflect 1982-84 consumption
+patterns; previously, the index was based on 1972-73 patterns.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16089" NEWID="10568">
+<DATE>27-MAR-1987 13:02:41.87&#5;&#5;&#5;RM V</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1759&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-/PHILIPPINES-CLINCHES   03-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES CLINCHES DEBT DEAL, SOURCE SAYS</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>The Philippines has reached agreement
+with its bank advisory committee on a debt-rescheduling
+agreement after four weeks of talks, a source close to the
+Philippine delegation said.
+    No details were available and bankers were not available to
+comment because meetings with the Philippine negotiators were
+still in progress.
+    But a spokesman for Manufacturers Hanover Trust Co, which
+chairs the 12-bank Philippine advisory committee, said a press
+conference with finance minister Jaime Ongpin will begin at the
+bank's headquarters at 1430 EST/1930 GMT.
+    "There is an agreement," the source close to the Philippine
+delegation said, adding that details would be announced at the
+press conference.
+    Manila wants to reschedule about 3.6 billion dlrs of debt
+that falls due between 1987 and 1992 and to obtain easier terms
+on 5.8 billion dlrs of previously restructured debt.
+    The talks have dragged on because of the banks' reluctance
+to accept interest payments partly in Philippine Investment
+Notes, PINs, instead of cash and because of Manila's insistence
+on an interest rate margin close to the 5/8 pct spread over
+Eurocurrency rates that it initially demanded.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16090" NEWID="10569">
+<DATE>27-MAR-1987 13:05:00.89&#5;&#5;&#5;C G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1775&#31;reute</UNKNOWN>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-COLD-AIR-MASS-A-THREA   03-27 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLD AIR A THREAT TO SOME U.S. HARD WHEAT AREAS</TITLE>
+<DATELINE>    KANSAS CITY, March 27 - </DATELINE><BODY>A cold air mass working its way
+south from Canada may pose a threat to developing hard red
+winter wheat in Oklahoma, according to Eugene Krenzler, wheat
+specialist for the Oklahoma Cooperative Extension.
+    "There is some threat. Some of the crop is far enough along
+so that it's probably vulnerable," Krenzler said.
+    Accu Weather meteorologist Dale Mohler said cold air moving
+from the north could put temperatures in the middle 20's
+fahrenheit as early as tonight, depending on development of a
+low pressure area over southeast Colorado which could stall the
+system.
+    If impeded by the low-pressure area, the cold air could hit
+Oklahoma and Texas as late as Monday morning. Temperatures
+could stay in the mid-20's for up to eight hours, Mohler said.
+    Krenzler said less than 10 pct of the Oklahoma wheat crop
+has advanced to boot stage. The closer to that stage the more
+vulnerable the head of the wheat is to cold weather, he said.
+    "We can handle probably an hour or so down to 25 or 26
+degrees (fahrenheit)," Krenzler said, "as long as we don't have
+a lot of wind."
+    "If we do get six hours down below 25 degrees I'd say we
+have a good chance of significant damage to the heads," he
+said.
+    Krenzler said early planted stands in the north-central and
+southwestern parts of the state are probably most vulnerable.
+Crops in the panhandle of Oklahoma and Texas are less developed
+and have some snow cover protection from the cold, he noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16091" NEWID="10570">
+<DATE>27-MAR-1987 13:07:58.64&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1792&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-BANDO-MCGLOCKLIN-FILE   03-27 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANDO MCGLOCKLIN FILES INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    BROOKFIELD, Wis., March 27 - </DATELINE><BODY>&lt;Bando McGlocklin Capital
+Corp> said it filed a registration statement with the
+Securities and Exchange Commission coverig a proposed initial
+public offering of 750,000 shares of common stock.
+    The closed end investment company estimated the offering's
+price at between seven dlr and eight dlrs a share.
+    The company said it is selling all the shares under the
+underwriting group management of The Milwaukee Co.
+    Bando said it will use the net proceeds to repay loans and
+reduce debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16092" NEWID="10571">
+<DATE>27-MAR-1987 13:10:39.83&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1799&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-CORRECTED---C.O.M.B-&lt;   03-27 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - C.O.M.B &lt;CMCO> TO HAVE OPTIONS ON AMEX</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>C.O.M.B Inc commenced trading put and
+call options on the American Stock Exchange, according to the
+Exchange.
+    The company's options will trade with a ticker symbol of
+&lt;COQ> with initial expiration months of April, May, July and
+October, with position and exercise limits at 5,500 contracts
+on the same side of the market, according to the Exchange.
+(corrects ticker symbol in headline, which is symbol of
+company's options)
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16093" NEWID="10572">
+<DATE>27-MAR-1987 13:13:43.85&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1809&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-ALLEGHENY-LUDLUM-FILE   03-27 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY LUDLUM FILES INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    PITTSBURGH, March 27 - </DATELINE><BODY>&lt;Allegheny Ludlum Corp> said it
+filed with the Securities and Exchange Commission for an
+initial public offering of 6,265,000 common shares.
+    The company said it is offering 4.4 mln primary shares and
+765,000 secondary shares in the U.S., and 1.1 mln primary
+shares overseas. Goldman Sachs and Co will manage the U.S.
+offering and Goldman Sachs International Corp will manage the
+international side of the offering.
+    Proceeds from the sale will be used to reduce debt. The
+company makes specialty steel and metels and said it is one of
+the largest U.S. makers of stainless steel.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16094" NEWID="10573">
+<DATE>27-MAR-1987 13:13:48.65&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1810&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-EDUCATION-SYSTEMS-&lt;ES   03-27 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDUCATION SYSTEMS &lt;ESPC> YEAR NET</TITLE>
+<DATELINE>    BELLEVILLE, N.J., March 27 - 
+    </DATELINE><BODY>Shr 27 cts vs 34 cts
+    Net 174,390 vs 222,720
+    Revs 4,948,622 vs 4,516,042
+    Note: Current net includes non-recurring loss on
+investments of 82,034.
+    Full name is Education Systems and Publications Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16095" NEWID="10574">
+<DATE>27-MAR-1987 13:13:54.05&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1811&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-US-WEST-&lt;USW>-DIRECTO   03-27 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US WEST &lt;USW> DIRECTORY UNIT CHANGES NAME</TITLE>
+<DATELINE>    LOVELAND, Colo., March 27 - </DATELINE><BODY>US West Inc said its Directory
+Publishing Corp unit has been renamed US West Marketing
+Resources.
+    The regional Bell company said the unit's new name better
+reflects its evolution to a full service provider of marketing
+services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16096" NEWID="10575">
+<DATE>27-MAR-1987 13:14:19.81&#5;&#5;&#5;V RM Y</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1813&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>chad</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-FAYA-REPORTED-CAPTURE   03-27 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHADIAN TROOPS REPORTEDLY RECAPTURE FAYA</TITLE>
+<DATELINE>    N'DJAMENA, March 27 - </DATELINE><BODY>Chadian troops have recaptured the
+northern oasis of Faya Largeau, which was the main base of
+Libyan troops in northern Chad, sources close to the government
+said.
+    There was no official confirmation, but Chadian radio
+played martial music and asked listeners to stay tuned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16097" NEWID="10576">
+<DATE>27-MAR-1987 13:16:25.43&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1818&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******BORG-WARNER-UP   03-27 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BORG-WARNER UP AMID RUMORS IRWIN JACOBS SOLD STOCK, ARBITRAGEURS SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16098" NEWID="10577">
+<DATE>27-MAR-1987 13:18:44.13&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1823&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-GULF/WESTERN-&lt;GW>-UNI   03-27 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF/WESTERN &lt;GW> UNIT, DISNEY &lt;DIS> SET PACT</TITLE>
+<DATELINE>    NEW YORK, March 27 - </DATELINE><BODY>Gulf and Western Inc's Simon and
+Schuster Inc unit said it will become the exclusive worldwide
+distributor for Walt Disney Co's educational films, videos and
+filmstrips.
+    The company said the agreement covers more than 300 films
+and videos and 500 filmstrips for schools, colleges and other
+institutions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16099" NEWID="10578">
+<DATE>27-MAR-1987 13:18:58.31&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1824&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-MILLIPORE-&lt;MILI>-TO-P   03-27 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILLIPORE &lt;MILI> TO PAY CIVIL PENALTY</TITLE>
+<DATELINE>    BOSTON, March 27 - </DATELINE><BODY>Millipore Corp said it agreed to pay a
+192,500 dlrs penalty to the U.S. Environmental Protection
+Agency and the State of New Hampshire for discharging
+pollutants from 1972 and 1985 from its Jaffrey, N.H. plant to
+navigable waters without a permit.
+    As part of the settlement, Millipore will undertake a study
+to see if groundwater contamination exists in the waters. It
+also is prohibited from discharging pollutants except in
+accordance with wastewater discharge permits which were issued
+after the lawsuit was filed.
+    Millipore officials were not available for comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16100" NEWID="10579">
+<DATE>27-MAR-1987 13:19:20.33&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1825&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-FRENCH-AEROSPATIALE-T   03-27 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH AEROSPATIALE TO MAKE EURO-CP ISSUE</TITLE>
+<DATELINE>    PARIS, March 27 - </DATELINE><BODY>State-owned aerospace group Aerospatiale
+said it will make an issue of Euro-commercial paper next month,
+backed by a 400 mln dlr seven-year revolving credit facility
+granted by 44 banks in December 1986.
+    The company said in a statement that Societe Generale,
+Bankers Trust, Chase Investment Bank and Credit Suisse First
+Boston would place the paper.
+    Aerospatiale gave no details of the amount of paper to be
+issued but said the offering had been rated A1 by Standard and
+Poors and /P1 by Moodys, reserved for the best investment
+risks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16101" NEWID="10580">
+<DATE>27-MAR-1987 13:21:51.57&#5;&#5;&#5;RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1832&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-FRENCH-SKI-EQUIPMENT   03-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH SKI EQUIPMENT MAKER SEEKS EURO-CP/CREDIT</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>Salomon SA, the French maker of ski
+bindings and boots, said it is seeking a 75 mln dlr
+euro-commercial paper program that will be supported by a 75
+mln dlr committed syndicated revolving credit.
+    The launch of the program is still subject to final
+approval of the French authorities.
+    Morgan Guaranty Ltd is the arranger for the program and the
+revolving credit and will act as one of the dealers for the
+commercial paper along with Credit Suisse First Boston Ltd.
+Morgan Guaranty Trust Co of New York, London branch, will be
+issuing and paying agent. None of the terms were disclosed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16102" NEWID="10581">
+<DATE>27-MAR-1987 13:22:09.41&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1834&#31;reute</UNKNOWN>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-HENLEY-GROUP-&lt;HENG>-U   03-27 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENLEY GROUP &lt;HENG> UNIT WINS TAIWAN CONTRACT</TITLE>
+<DATELINE>    HOUSTON, March 27 - </DATELINE><BODY>Henley Group Inc's M.W. Kellogg Co unit
+said it was selected by &lt;Chinese Petroleum Corp> to design,
+engineer and build a ethylene plant at Chinese
+Petroleum's Kaohsiung refinery in Taiwan.
+    Terms of the contract were not disclosed, but Kellogg said
+the total cost of the plant will be 300 mln dlrs.
+    Kellogg said engineering of the plant, which will have a
+capacity of 400,000 tonnes a year, is already underway and
+construction will begin in 1988.
+    The plant will go into operation in 1990, Kellogg said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16103" NEWID="10582">
+<DATE>27-MAR-1987 13:23:36.32&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1838&#31;reute</UNKNOWN>
+<TOPICS><D>ship</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-MCLEAN'S-&lt;MII>-U.S.-L   03-27 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCLEAN'S &lt;MII> U.S. LINES SETS SALE OF ASSETS</TITLE>
+<DATELINE>    CRANFORD, N.J., March 27 - </DATELINE><BODY>McLean Industries Inc said its
+two shipping subsidiaries -- UNITED States Lines Inc and United
+States Lines (S.A.) Inc -- have agreed in principle to dispose
+of substantially all their remaining operating shipping assets.
+    The units have been operating under protection of Chapter
+11 of the U.S. Bankruptcy Code since last November.
+    McLean said U.S. Lines has a letter of intent with CSX
+Corp's &lt;CSX> Sea-Land Corp subsidiary to transfer assets of its
+Transpacific/Hawaii/Guam Service to Sea-Land.
+    McLean said Sea-Land has tentatively agreed to pay 125 mln
+dlrs for six vessels, certain port facilities, and various
+other equipment used in U.S. Lines' Transpacific service and
+theree Lancer class vessels and subsidy rights owned by the two
+McLean subsidiaries.
+    As previously announced, U.S. Lines (S.A.) will transfer
+its South American Service to &lt;Crowley Maritime Corp>'s
+American Transport Lines Inc subsidiary in return for a fixed
+lease payment for the four Lancer class vessels and a
+participation based on American Transport's South American
+revenues.
+    McLean said the agreement also calls for Crowley to release
+U.S. Lines (S.A.) for any damages and unpaid charter hire for
+three vessels leased to U.S. Lines (S.A.) by Crowley which have
+been returned to Crowley.
+    McLean said the minimum lease payments will be seven mln
+dlrs and estimated revenue participation during the first four
+years at about 16 mln dlrs. In addition, U.S. Lines (S.A.)
+subsidiaries in Brazil and Argentina will be sold to American
+Transport.
+    The company said both agreements in principle have been
+approved by directors of the companies involved, but still need
+court, regulatory and lender approval.
+    McLean said it is requesting the bankruptcy court to
+schedule a hearing on its motion to approve the agreements,
+adding that the court has granted the company's request to
+extend for 90 days the period for the shipping companies to
+file a proposed plan of reorganization.
+    It said the planned transactions will leave McLean with no
+significant shipping assets except 12 New York class vessels,
+which are not in operation and are expected to be sold.
+    McLean said its shipping units are returning the vessels
+operating in foreign commerce to United States ports to permit
+the planned transfer to purchasers.
+    The company said U.S. Lines will maintain its weekly
+service from the U.S. West Coast to Hawaii and Guam until the
+vessels are transferred and the transaction is completed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16104" NEWID="10583">
+<DATE>27-MAR-1987 13:29:49.68&#5;&#5;&#5;F RM A</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1853&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-CME-PROPOSES-LIMITS-O   03-27 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME PROPOSES LIMITS ON BROKER TRADING RINGS</TITLE>
+<DATELINE>    CHICAGO, March 27 - </DATELINE><BODY>The Chicago Mercantile Exchange (CME)
+has proposed stringent limits on the portion of futures trading
+that can be conducted between "trading rings," or  affiliated
+groups of floor brokers, according to a CME spokesman.
+    Violators would be subject to fines of as much as 50,000
+dlrs, the exchange said in a letter distributed to its members
+earlier this week.
+    The proposal is one of the reforms the exchange's Board of
+Governors suggested to curb practices that have come under fire
+for unfairly limiting competition on the floor. Local traders
+claim that trading among broker "rings" violates the
+open-outcry system prevailing in the futures markets.
+    Limits on ring trading would be applied floor-wide under
+the proposal. The other reforms, which address dual trading,
+would apply only to the Standard and Poor's 500 stock index
+futures pit.
+    A debate over dual trading, the practice of trading for
+one's own account and filling customer orders, has arisen
+because many traders believe it can create a climate for
+trading abuses, especially in the extremely volatile stock
+index futures pit.
+    Adoption of the Board of Governors' reforms hinges on an
+April 13 vote of CME members on a membership petition, signed
+by several hundred members in February, that would bar all dual
+trading at the exchange.
+    Defeat of the petition is likely, according to a floor
+broker contacted by Reuters, who also said he welcomed the
+limits on the "ring" traders. If members reject the petition,
+that would open up the way for the Board of Governors' reforms.
+    CME President William Brodsky said the need to curb broker
+group trading has grown "as the groups have gotten larger." "A
+lot of the individuals were losing business because they were
+faced with a large-scale competition. The Board began studying
+the problem about six months ago.
+    Under the proposed reforms, members of a broker rings --
+defined as brokers who share brokerage fees, revenues,
+expenses, a deck of customer orders or employee salary expenses
+-- would be barred from trading more than 15 pct of their
+personal trades with each other. Those found in violation would
+be subject to fines of up to 50,000 dlrs.
+    Broker ring members would also be prohibited from trading
+more than 25 pct of customer orders with each other. Fines of
+up to 10,000 dlrs would be levied on violators.
+    More stringent limits were proposed on individual trading
+than customer orders because "we don't want to negatively
+impact customer orders," Brodsky said. "On the other hand, the
+need to do a personal order is very different."
+    Broker associations would also be limited to having no more
+than one member serving on an exchange disciplinary or pit
+committee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16105" NEWID="10584">
+<DATE>27-MAR-1987 13:33:30.85&#5;&#5;&#5;C T</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1871&#31;reute</UNKNOWN>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D><D>malaysia</D><D>brazil</D><D>cameroon</D><D>ghana</D><D>ivory-coast</D><D>togo</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-COCOA-BUFFER-DIFFEREN   03-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA BUFFER DIFFERENTIALS DETAILED</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The International Cocoa Organization
+(ICCO) council agreed standard price differentials for
+different origin cocoas to form part of the buffer stock buying
+and selling procedure, consumer delegates said.
+    The buffer stock manager will accept offers for different
+origin cocoas according to a sliding scale of price
+differentials, under which Ghana cocoa will be pegged at a 137
+stg premium to Malaysian.
+    Thus, if the buffer stock manager was buying cocoa based on
+a Malaysian price of 1,200 stg a tonne, he would accept Ghana
+offers up to 1,337 stg.
+    Differentials were fixed as follows,
+ Country       Differential stg/tonne
+ Malaysia           0
+ Brazil            55
+ Ivory Coast       67
+ Cameroun          77
+ Nigeria          120
+ Togo             130
+ Ghana            137
+    Nigeria's differential is on "landed weight" terms. Shipping
+weight terms will be accepted at a 15 stg discount to this
+rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16106" NEWID="10585">
+<DATE>27-MAR-1987 13:34:20.73&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1876&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******MINSTAR-INC-SAI   03-27 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MINSTAR INC SAID IT SOLD ALL 10 MLN OF ITS BORG-WARNER SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16107" NEWID="10586">
+<DATE>27-MAR-1987 13:35:57.52&#5;&#5;&#5;C T</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1886&#31;reute</UNKNOWN>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-COCOA-COUNCIL-MEETING   03-27 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA COUNCIL MEETING ENDS AFTER AGREEING RULES</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The International Cocoa Organization
+(ICCO) council adjourned after agreeing buffer stock rules for
+the 1986 International Cocoa Agreement, an ICCO spokesman said.
+    The buffer stock will begin operations immediately, he
+said.
+    He confirmed delegate reports that the buffer stock manager
+will trade cocoa by means of an offer system, and according to
+fixed differentials for cocoa from different origins.
+    Purchases from non-members will be limited to 15 pct of the
+total and buying or selling operations in any one day will be
+restricted to a maximum of 40 pct each for nearby, intermediate
+and forward positions, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16108" NEWID="10587">
+<DATE>27-MAR-1987 13:36:10.03&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1887&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******MINSTAR-INC-SAI   03-27 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MINSTAR INC SAID IT IS STILL INTERESTED IN ACQUIRING BORG-WARNER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16109" NEWID="10588">
+<DATE>27-MAR-1987 13:41:28.21&#5;&#5;&#5;RM V Y</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1894&#31;reute</UNKNOWN>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>greece</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f AM-AEGEAN-AMERICAN   03-27 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. URGES RESTRAINT IN AEGEAN</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>The United States said it was doing
+what it could to ease tension in the Aegean as Greek and
+Turkish warships headed for a possible clash over oil drilling
+rights on the sea's continental shelf.
+    State Department spokesman Charles Redman told reporters,
+"We have urged both sides to exercise restraint and avoid any
+actions which might exacerbate the situation."
+    "In the light of the most recent developments, we are
+consulting with the parties and with other interested allies on
+means to reduce tensions," he added.
+    Redman declined to elaborate on what Washington was doing,
+but he said an emergency meeting of NATO ambassadors in
+Brussels on the subject was only one path it was pursuing.
+    He also refused to say which side was to blame for the
+renewed confrontation, saying Washington was still trying to
+ascertain all the facts, as Prime minister Andreas Papanderou
+said Greece was prepared to tackle any aggressor.
+    "The crucial point here is that these are two friends and
+allies. We don't want to see tension rise and we are doing what
+we can to see if we can help here," Redman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16110" NEWID="10589">
+<DATE>27-MAR-1987 13:45:41.56&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1901&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-AMERICAN-STOCK-EXCHAN   03-27 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN STOCK EXCHANGE, U.K. FIRM PLAN MARKET</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>A U.K. Financial services company,
+&lt;Quadrex Securities Ltd>, is planning a joint venture with the
+American Stock Exchange for a new U.S. Dealer market in
+non-U.S. Securities, Quadrex chairman Gary Klesch said.
+    He said the new exchange is aimed at facilitating U.S.
+Institutions' trade in foreign debt and equity securities. It
+is planned to provide a central depositary for stocks and
+bonds, the lack of which has hitherto inhibited such trading,
+he said. Klesh said the new market would come under SEC
+jurisdiction, and that while the SEC is considering the plans,
+he could not estimate when it might get an official go ahead.
+    However, Klesch added that he hoped the exchange could open
+in the autumn.
+    He said Quadrex is a five-year-old securities business,
+based in London and backed by about 40 mln dlrs capital, which
+owns companies operating in a range of financial markets,
+including foreign exchanges and Eurobonds.
+    Klesch said further details would be available nearer to
+the planned opening.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16111" NEWID="10590">
+<DATE>27-MAR-1987 13:46:59.98&#5;&#5;&#5;C T</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1905&#31;reute</UNKNOWN>
+<TOPICS><D>oilseed</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-CARGILL-U.K.-STRIKE-T   03-27 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARGILL U.K. STRIKE TALKS ADJOURN TO TUESDAY</TITLE>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>Talks between management and unions at
+Cargill U.K. Ltd's oilseed processing plant at Seaforth
+adjourned today without a solution to the three month old
+strike, a company spokesman said.
+    Negotiations will resume next Tuesday, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16112" NEWID="10591">
+<DATE>27-MAR-1987 13:47:43.08&#5;&#5;&#5;G</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1908&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>cuba</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-E.-GERMAN-EQUIPPED-TE   03-27 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE> E. GERMAN EQUIPPED TEXTILE MILL OPENED IN CUBA</TITLE>
+<DATELINE>    HAVANA, March 27 - </DATELINE><BODY>A textile mill with an annual production
+capacity of 52 mln square metres of knitted fabric has been
+opened officially near Havana, Granma, the official Cuban
+newspaper, said.
+    The mill, inaugurated yesterday, is equipped with looms and
+other machinery from East Germany. A single production line, in
+operation since last year, has already produced over seven mln
+square metres of fabric.
+    President Fidel Castro and vice-president Carlos Rafael
+Rodriguez were present at the ceremony.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16113" NEWID="10592">
+<DATE>27-MAR-1987 13:49:54.59&#5;&#5;&#5;E RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1913&#31;reute</UNKNOWN>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-CANADIAN-MONEY-SUPPLY   03-27 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADIAN MONEY SUPPLY M-1 FALLS 555 MLN DLRS IN WEEK, BANK OF CANADA SAID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16114" NEWID="10593">
+<DATE>27-MAR-1987 13:53:00.39&#5;&#5;&#5;C M</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1927&#31;reute</UNKNOWN>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>uk</D><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-NEW-LME-ALUMINIUM-CON   03-27 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW LME ALUMINIUM CONTRACT WELCOMED BY TRADE</TITLE>
+<AUTHOR>    By Martin Hayes, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 27 - </DATELINE><BODY>The London Metal Exchange's, LME,
+decision to introduce a dollar-denominated aluminium contract,
+with the Port of Singapore listed as a delivery point, is a
+positive move, physical traders and LME dealers said.
+    Earlier this week the LME declared that a 99.70 pct minimum
+purity aluminium contract would commence trading on June 1,
+1987, alongside its long-established sterling-based 99.50 pct
+contract.
+    This is the LME's first dollar contract and non-European
+delivery point, and the Board and Committee are looking at
+Singapore as a delivery point for other contracts.
+    Trade sources said the LME's new contract will conform with
+existing industry practice, where 99.70 standard re-melt
+material, priced in dollars, is most commonly traded.
+    The location of a warehouse in Singapore is also a positive
+move by the LME, given its ideal location for Australian and
+Japanese traders, who would be able to place metal on to
+warrant speedily and relatively inexpensively, they said.
+    Hedging during the LME ring sessions becomes much simpler
+with a dollar contract. At present pre-market trading is almost
+exclusively dollar-based, but currency conversions have to be
+done during the sterling rings, they added.
+    LME ring dealers said the new contract would match more
+closely trade requirements and possibly alleviate some of the
+recent wide backwardations.
+    Very little physical business is now done in 99.50 pct
+purity metal, nearly all of which is produced in Eastern Bloc
+countries, such as Romania.
+    The Soviet Union also produces 99.50 pct, but has declined
+as an exporter recently, they said.
+    Some dealers said the new 99.70 contract may suffer from
+liquidity problems initially, as business may continue to
+centre on the present good ordinary brand (gob) contract, where
+there are many holders of large short positions on the LME.
+    But others said the new contract would soon attract trading
+interest, given that much 99.70 metal has already been
+attracted to the LME's warehouses by backwardations.
+    The LME also has a much more viable liquidity base for a
+new contract, compared to the Comex market in New York, where
+high grade aluminium futures are not particularly active, they
+said.
+    Thus, it seems likely that the sterling contract will
+eventually lose trading interest and volumes will decline. Like
+standard zinc, which was superseded by a high grade contract,
+gob aluminium will probably be replaced, although the process
+in this case may take longer, they added.
+    Forming a new contract and establishing a Singapore
+warehouse are constructive moves by the LME but backwardations,
+which make physical trading difficult, would not totally
+disappear as a result, the trade sources said.
+    These premiums for prompt metal have become a
+semi-permanent feature over the last year, due to increased
+business and volatility in traded options, and are presently
+around 50 stg.
+    Increasingly large granting of option positions has been
+taking place. When some of these are declared and exercised at
+the end of the relevant month, physical tightness and squeezes
+around these dates are commonplace, they said.
+    Listing Singapore as a delivery point allows Far Eastern
+operators to deliver aluminium into a LME warehouse instead of
+having to cover.
+    But tightness and backwardations are seen continuing, even
+though the LME's new option contracts widen the gap between the
+declaration and prompt dates.
+    These will be due on the first and third Wednesday of the
+month, whereas at present most fall on the 20th and 25th.
+    Backwardations will remain while operators continue to
+grant options where potential tonnage to be delivered exceeds
+aluminium stock levels, an LME option trader said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16115" NEWID="10594">
+<DATE>27-MAR-1987 13:58:01.19&#5;&#5;&#5;E A RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1935&#31;reute</UNKNOWN>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-CANADIAN-MONEY-SUPPLY   03-27 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN MONEY SUPPLY FALLS IN WEEK</TITLE>
+<DATELINE>    OTTAWA, March 27 - </DATELINE><BODY>Canadian narrowly defined money supply
+M-1 fell 555 mln dlrs to 32.42 billion dlrs in week ended March
+18, Bank of Canada said.
+    M-1-A, which is M-1 plus daily interest chequable and
+non-personal deposits, fell 559 mln dlrs to 74.86 billion dlrs
+and M-2, which is M-1-A plus other notice and personal
+fixed-term deposit fell 439 mln dlrs to 177.30 billion dlrs.
+    M-3, which is non-personal fixed term deposits and foreign
+currency deposits of residents booked at chartered banks in
+Canada, fell 696 mln dlrs to 215.74 billion dlrs. MORE
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16116" NEWID="10595">
+<DATE>27-MAR-1987 13:59:06.41&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1937&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-STERLING-&lt;STRL>-FILES   03-27 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING &lt;STRL> FILES FOR STOCK OFFERING</TITLE>
+<DATELINE>    AKRON, Ohio, March 27 - </DATELINE><BODY>Sterling Inc said it filed a
+registration statement for the proposed offering of 1.5 mln
+shares of common stock.
+    Sterling said one mln shares will be sold by the company
+and 500,000 shares will be sold by shareholders.
+    Proceeds from the sale will be used to reduce bank debt,
+Sterling said.
+    Alex. Brown and Sons Inc, Bear, Stearns and Co Inc and
+Prescott, Ball and Turben Inc will manage the offering,
+Sterling added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16117" NEWID="10596">
+<DATE>27-MAR-1987 13:59:33.80&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1940&#31;reute</UNKNOWN>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+d f BC-CORNING-GLASS-WORKS&lt;G   03-27 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORNING GLASS WORKS&lt;GLW> BUYS FIBER-OPTIC STAKE</TITLE>
+<DATELINE>    CORNING, N.Y., March 27 - </DATELINE><BODY>Corning Glass Works said it
+bought a 50 pct interest in Technology Dynamics Inc, a
+Woodinville, Wash., company involved in research and
+development of fiber-optic sensors.
+    The purchase price was not disclosed.
+    Privately held Technology Dynamics plans to introduce its
+first line of fiber-optic sensors later this year, Corning
+Glass said.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16118" NEWID="10597">
+<DATE>27-MAR-1987 13:59:45.20&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1942&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-FIRST-NATIONAL-CORP-&lt;   03-27 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST NATIONAL CORP &lt;FTNC> 4TH QTR</TITLE>
+<DATELINE>    DELAWARE, Ohio, March 27 -
+    </DATELINE><BODY>Shr loss 29 cts vs loss 15 cts
+    Net loss 513,542 vs loss 263,708
+    Revs 38,000 vs nil
+    Year
+    Shr loss 24 cts vs loss 10 cts
+    Net loss 417,552 vs loss 142,010
+    Revs 171,000 vs nil
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16119" NEWID="10598">
+<DATE>27-MAR-1987 13:59:50.01&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1943&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-BEARD-CO-&lt;BEC>-YEAR-L   03-27 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEARD CO &lt;BEC> YEAR LOSS</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 27 - 
+    </DATELINE><BODY>Shr loss 57 cts vs profit 3.02 dlrs
+    Net loss 3,606,000 vs profit 8,294,000
+    Revs 15.3 mln vs 23.9 mln
+    Note: Net includes gains from sale of USPCI Inc &lt;UPC> stock
+of 1.5 mln vs 20.5 mln
+    Year-ago net includes loss from discontinued operations of
+10.3 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16120" NEWID="10599">
+<DATE>27-MAR-1987 13:59:53.78&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1944&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-ESSEX-COMMUNICATIONS   03-27 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSEX COMMUNICATIONS CORP &lt;ESSXA> YEAR LOSS</TITLE>
+<DATELINE>    GREENWICH, Conn., March 27 - 
+    </DATELINE><BODY>Shr loss 47 cts vs loss 63 cts
+    Net loss 1,450,000 vs loss 1,930,000
+    Revs 14.7 mln vs 13.3 mln
+    Note: Year-ago resulted restated to exclude Michigan cable
+systems sold in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16121" NEWID="10600">
+<DATE>27-MAR-1987 13:59:59.61&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1945&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-DENNING-MOBILE-ROBOTI   03-27 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENNING MOBILE ROBOTICS INC &lt;GARD> 4TH QTR LOSS</TITLE>
+<DATELINE>    WOBURN, Mass., March 27 - 
+    </DATELINE><BODY>Shr loss nine cts loss 12 cts
+    Net loss 585,866 vs loss 455,866
+    Avg shrs 6,841,638 vs 3,651,505
+    Year
+    Shr loss 34 cts vs loss 54 cts
+    Net loss 2,158,709 vs loss 1,931,397
+    Avg shrs 6,296,701 vs 3,586,914
+    Note: Company has no revs as it is in product development
+stage. Shr and avg shrs data reflect 1-for-25 reverse split in
+November 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16122" NEWID="10601">
+<DATE>27-MAR-1987 14:00:04.62&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1946&#31;reute</UNKNOWN>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+h f BC-SCOTT'S-LIQUID-GOLD-I   03-27 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT'S LIQUID GOLD INC YEAR OPER NET</TITLE>
+<DATELINE>    DENVER, March 27 -
+    </DATELINE><BODY>Oper shr two cts vs 10 cts
+    Oper net 162,300 vs 773,400
+    Revs 16.6 mln vs 16.5 mln
+    Avg shrs 8,282,480 vs 8,045,493
+    NOTE: Excludes gains of 138,000 dlrs or two cts/shr vs
+733,000 dlrs or nine cts from benefit of tax loss
+carryforwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16123" NEWID="10602">
+<DATE>27-MAR-1987 14:01:21.93&#5;&#5;&#5;V RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1948&#31;reute</UNKNOWN>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+f f BC-******LABOR-DEPT-REPO   03-27 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LABOR DEPT REPORTS U.S. REAL EARNINGS ROSE 0.6 PCT IN FEB AFTER BEING UNCHANGED IN JAN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16124" NEWID="10603">
+<DATE>27-MAR-1987 14:01:56.71&#5;&#5;&#5;C M</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1952&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>zambia</D><D>tanzania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+r f BC-ZAMBIA-TANZANIA-HIGHW   03-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIA-TANZANIA HIGHWAY TO BE REHABILITATED</TITLE>
+<DATELINE>    DAR ES SALAAM, March 27 - </DATELINE><BODY>The main road between landlocked
+Zambia and the Tanzanian port of Dar es Salaam is to be
+rehabilitated at a cost of 109 mln dlrs, starting in December,
+Willie Lyatu, the project coordinator in the Tanzanian Ministry
+of Communications, said.
+    The road runs parallel to the Chinese-built Tazara,
+(Tanzania-Zambia) railway and is in bad condition.
+    Lyatu said the government was currently evaluating 52 bids
+by international contractors to rehabilitate 293.5 km of the
+asphalt highway and 800 km of other trunk roads with a gravel
+surface.
+    The final list of contractors would be issued by the World
+Bank, the project's main sponsor, at the end of April, he
+added.
+    The World Bank is contributing 50 mln dlrs to the project,
+which is also being financed by the African Development Bank,
+Norway and Denmark.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16125" NEWID="10604">
+<DATE>27-MAR-1987 14:02:56.54&#5;&#5;&#5;V RM</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1957&#31;reute</UNKNOWN>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+b f BC-/U.S.-REAL-EARNINGS-R   03-27 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. REAL EARNINGS ROSE 0.6 PCT IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 27 - </DATELINE><BODY>The average weekly earnings of U.S.
+workers after adjustment for inflation and seasonal changes
+rose 0.6 pct in February after being unchanged in January, the
+Labor department said.
+    The department had earlier reported that real earnings fell
+0.3 pct in January but revised the figure to show earnings
+unchanged.
+    Between February this year and February, 1986, real
+earnings rose 0.5 pct, the department said.
+    The rise in February real earnings resulted from a 0.5 pct
+increase in average hourly earnings and a 0.6 pct increase in
+average weekly hours. That was partly offset by a 0.4 pct rise
+in the consumer price index, which measures inflation, the
+department said.
+    Before seasonal adjustment, weekly earnings last month
+averaged 307.59 dlrs, up from 305.13 dlrs in January and up
+from 300.66 dlrs in February, 1986.
+ Reuter...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16126" NEWID="10605">
+<DATE>27-MAR-1987 14:04:26.14&#5;&#5;&#5;F</DATE>
+<UNKNOWN>&#22;&#22;&#1;f1965&#31;reute</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+u f BC-TALKING-POINT/FOOD-ST   03-27 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/FOOD STOCKS</TITLE>
+<AUTHOR>    By Jane Light, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 27 - </DATELINE><BODY>Fueled by an earnings-driven bull
+market, food stocks are emerging as the big winners, analysts
+say.
+    "This is an earnings-driven market, and the investor is
+homing in on stocks that have visible and predictable earnings
+growth," E.F. Hutton food analyst June Page said.
+    The food group, whose stocks have underperformed since the
+beginning of the year after about five years of growth, seems
+to have turned around, DLJ Securities analyst William Leach
+agreed.
+    The fundamentals remain favorable and may even be enhanced
+by the effects of tax reform for companies such as Sara Lee
+Corp &lt;SLE>, Quaker Oats Co &lt;OAT>, and General Mills Inc &lt;GIS>,
+Page said. These and other food companies are recommended as
+aggressive buys on a selective basis by most brokerage houses
+surveyed.
+    The current economy provides an environment of stable
+inflation, interest rates and energy costs, which gives food
+companies the flexibility to expand profit margins over a
+period of time, Page said. Lower commodity costs allow for
+further price flexibility, she added.
+    Another plus is that increases in labor and packaging in
+the food industry have been minimal, she noted.
+    For 1987, Page said E.F. Hutton sees inflation holding
+under four pct, oil prices stabilizing at 17 to 18 dlrs a
+barrel and interest rates remaining at current levels.
+    As a result of new production facilities featuring
+sophisticated technology "companies now have a lower breakeven
+point because they have enhanced productivity and lower
+overhead costs," she said.
+    Unit volume growth has accelerated in the past several
+years in the food industry due to product segmentation, that
+is, iintends to
+file for an offering of about two mln shares within the next 30
+days.
+    It said proceeds would be used for working capital and
+other general corporate purposes, including the possible
+acquisition of other businesses or additional technology.
+    Ashton-Tate now has about 23.6 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16127" NEWID="10606">
+<DATE>28-MAR-1987 00:33:35.40</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2713&#31;reute
+r f BC-TAIWAN-TO-STUDY-SUSPE   03-28 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN TO STUDY SUSPENDING FOREX CONTROLS</TITLE>
+<DATELINE>    TAIPEI, March 28 - </DATELINE><BODY>Premier Yu Kuo-Hua ordered financial
+officials to quicken the pace of relaxing foreign exchange
+controls and study the possibility of suspending the controls,
+a cabinet statement said.
+    The statement quoted Yu as telling Finance Ministy and
+Central Bank officials the relaxation was needed to help reduce
+Taiwan's surging foreign exchange reserves, which reached a
+record 53 billion U.S. Dollars this month.
+    Finance Minister Robert Chien told reporters his ministry
+and the Central Bank would work jointly on new measures to ease
+the controls, but he did not give details.
+    Yu said the government could maintain the framework of the
+foreign exchange controls while finding ways to ease them. The
+controls would be used during emergency.
+    Taiwan's reserves have resulted largely from its trade
+surplus, which hit 15.6 billion dlrs in 1986 and 10.6 billion
+in 1985. About 95 pct of the surplus was from Taiwan's trade
+with the United States, according to official figures.
+    But he said that while easing the controls would help
+reduce the reserves, it would not do so substantially in a
+short time.
+    Economists and bankers said the new decision resulted from
+growing pressure from the United States, Taiwan's largest
+trading partner, which buys almost half the island's exports.
+    Lu Ming-Jen, economic professor at Soochow University, told
+Reuters: "The decision came a little bit late. But it was better
+than never."
+    Ko Fei-Lo, Vice President at First Commercial Bank, said
+the government should rapidly relax its foreign exchange
+controls and open its market wider to help balance trade with
+its trading partners, especially the United States.
+    "The liberalisation in both imports and foreign exchange
+controls will not only help our trading partners, but also help
+our own economic problems," he said.
+    He said the mounting foreign exchange reserveshelped boost
+Taiwan's money supply by 48.22 pct in the year to end-February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16128" NEWID="10607">
+<DATE>28-MAR-1987 01:35:32.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2722&#31;reute
+r f BC-TEST-HITCH-INTERRUPTS   03-28 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEST HITCH INTERRUPTS ARIANE MOTOR TRIALS</TITLE>
+<DATELINE>    PARIS, March 28 - </DATELINE><BODY>An error interrupted testing of an Ariane
+rocket third stage starter motor on Monday but there should be
+little or no delay in the launch program, Arianespace said.
+    A joint statement from the European Arianespace consortium
+and the motor manufacturer Societe Europeenne de Propulsion
+(SEP) said that to avoid any risk, the motor had been
+dismantled and could not be used in the next launch.
+    It had immediately been replaced by another motor and new
+tests had begun today.
+    "In these conditions, the flight V19 remains scheduled
+before the end of June," the statement said.
+    Ariane launches have been suspended since an ignition
+failure in the third stage motor last May forced controllers to
+blow up a rocket in flight.
+    SEP has been carrying out a series of nearly 50
+simulated-altitude tests on the redesigned starter at its
+tightly guarded plant in the town of Vernon, 80 km northwest of
+Paris.
+    The Arianespace-SEP statement said that during a test on
+March 23, a fault in the preparation of the altitude simulation
+chamber meant a component of the motor came under abnormal
+pressure.
+    Arianespace originally hoped to resume launches by February
+this year, but a longer-than-expected test program on the new
+starter motor forced postponement of the next launch.
+    The total orderbook of outstanding launches for the
+13-member European Space Agency's Ariane rockets runs to more
+than 40 satellites and is worth more than two billion dlrs.
+    The Ariane program is the main rival to the United States'
+NASA agency in the lucrative satellite launch market. Its
+orders have sharply increased largely as a result of the U.S.
+Space shuttle disaster in January 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16129" NEWID="10608">
+<DATE>28-MAR-1987 01:58:48.19</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2725&#31;reute
+r f BC-JAPAN'S-CHIP-MAKERS-A   03-28 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S CHIP MAKERS ANGERED BY U.S. SANCTION PLANS</TITLE>
+<DATELINE>    TOKYO, March 28 - </DATELINE><BODY>Japanese computer chip makers reacted
+angrily to news the United States plans to take retaliatory
+action against them for allegedly failing to live up to an
+agreement on trade in computer microchips.
+    Electronic Industries Association of Japan (EIAJ) Chairman
+Shoichi Saba stated: "EIAJ believes that it is premature and
+even irrational to attempt an assessment of the impact of the
+agreement and our efforts to comply with it only six months
+after concluding the agreement."
+    "We urge U.S. Governmental authorities to reconsider the
+decision made, to evaluate fairly the results of Japanese
+efforts in implementing the objectives of the agreement, and to
+resist emotional biases," he said.
+    Yesterday, Washington announced plans to slap as much as
+300 mln dlrs in tariffs on Japanese imports in retaliation for
+what is sees as Japan's failure to comply with the terms of the
+pact.
+    The agreement, struck late last year after months of heated
+negotiations, called on Japan to stop selling cut-price chips
+on world markets and to buy more American-made semiconductors.
+    To salvage the pact, Tokyo has instructed its chip makers
+to slash production and has helped establish a multi-lateral
+organisation designed to promote chip imports.
+    Saba said that Japanese chip companies have pledged three
+mln dlrs over the next five years to the new organisation and
+expressed regret that no American company has seen fit to join.
+    "This suggests that American semiconductor manufacturers may
+not be really interested in participating in the Japanese
+market," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16130" NEWID="10609">
+<DATE>28-MAR-1987 02:58:44.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2732&#31;reute
+r f BC-OVERSEA-CHINESE-BANKI   03-28 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OVERSEA-CHINESE BANKING CORP LTD &lt;OCBM.SI> YEAR</TITLE>
+<DATELINE>    SINGAPORE, March 28 -
+    </DATELINE><BODY>Shr 21 cts vs 20 cts
+    Fin Div 8.0 cts gross vs 9.0 cts
+    Group net 104.8 mln dlrs vs 100.9 mln
+    Note - Fin div pay June 6, record May 19.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16131" NEWID="10610">
+<DATE>28-MAR-1987 02:58:55.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2733&#31;reute
+r f BC-UNITED-OVERSEAS-BANK   03-28 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED OVERSEAS BANK LTD &lt;UOBM.SI> YEAR</TITLE>
+<DATELINE>    SINGAPORE, March 28 -
+    </DATELINE><BODY>Shr 26.9 cts vs 25.1 cts
+    Fin Div 8.0 pct gross vs 8.0 pct
+    Group net 106.1 mln dlrs vs 99.0 mln
+    Note - Fin div pay May 25, record April 18.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16132" NEWID="10611">
+<DATE>28-MAR-1987 02:59:07.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2734&#31;reute
+r f BC-STRAITS-TRADING-CO-LT   03-28 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRAITS TRADING CO LTD &lt;STCM.SI> YEAR</TITLE>
+<DATELINE>    SINGAPORE, March 28 -
+    </DATELINE><BODY>Shr 8.7 cts vs 7.7 cts
+    Fin div 9.0 cts vs 9.0 cts
+    Group net 23.5 mln dlrs vs 20.8 mln
+    Turnover 212.7 mln dlrs vs 595.4 mln
+    Note - Fin div pay May 27, record May 23. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16133" NEWID="10612">
+<DATE>28-MAR-1987 02:59:22.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2735&#31;reute
+r f BC-SINGAPORE-LAND-LTD-&lt;L   03-28 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE LAND LTD &lt;LNDH.SI> FIRST HALF FEB 28</TITLE>
+<DATELINE>    SINGAPORE, March 28 -
+    </DATELINE><BODY>Shr 8.43 cts vs 9.61 cts
+    Int div nil vs nil
+    Group net 7.8 mln dlrs vs 8.9 mln
+    Turnover 30.6 mln dlrs vs 33.5 mln
+    Note - The company said group net profits for the year
+ending this Aug 31 should amount to 13.5 mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16134" NEWID="10613">
+<DATE>28-MAR-1987 03:48:52.66</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f2737&#31;reute
+r f BC-IVORIAN-CHOSEN-COCOA   03-28 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IVORIAN CHOSEN COCOA COUNCIL EXECUTIVE DIRECTOR</TITLE>
+<DATELINE>    LONDON, March 28 - </DATELINE><BODY>Edouard Kouame, Ivorian delegate to the
+International Cocoa Organization (ICCO), was chosen Executive
+Director of the ICCO, effective October 1, ICCO officials said.
+    Kouame will succeed Dr. Kobena Erbynn of Ghana in the post.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16135" NEWID="10614">
+<DATE>28-MAR-1987 03:59:46.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2738&#31;reute
+r f BC-SOUTH-KOREA-SIGNS-FOR   03-28 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA SIGNS FOR 44.6 BILLION YEN CREDIT</TITLE>
+<DATELINE>    SEOUL, March 28 - </DATELINE><BODY>South Korea signed with Japan for a 44.6
+billion yen credit facility, part of a four billion dlr aid
+package for South Korea's economic development plan to 1988,
+Foreign Ministry officials here said.
+    The facility, to be used mostly for building a
+multi-purpose dam and modernising educational and medical
+facilities and for sewer projects, bears interest of 4.25 pct
+per year and is repayable over 18 years after a grace period of
+seven years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16136" NEWID="10615">
+<DATE>28-MAR-1987 04:18:48.62</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f2739&#31;reute
+r f BC-MALAYSIA-EXPECTS-RUBB   03-28 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA EXPECTS RUBBER SHORTAGE IN APRIL/MAY</TITLE>
+<DATELINE>    KUALA LUMPUR, March 28 - </DATELINE><BODY>Malaysia said it expects a natural
+rubber shortage in April and May because of the effects of
+current wintering on rubber trees.
+    The expected shortage and stronger demand for rubber goods,
+especially condoms and surgical gloves by consumers, is likely
+to push up prices, the Malaysian Rubber Exchange and Licensing
+Board said in its latest monthly bulletin.
+    During the annual wintering period from February to April
+rubber trees shed their leaves and latex output is very low.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16137" NEWID="10616">
+<DATE>28-MAR-1987 04:50:10.73</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2741&#31;reute
+r f BC-ZIMBABWE-CONFIRMS-HOO   03-28 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIMBABWE CONFIRMS HOOF-AND-MOUTH DISEASE</TITLE>
+<DATELINE>    HARARE, March 28 - </DATELINE><BODY>Zimbabwe has confirmed an outbreak of
+the animal-borne hoof-and-mouth disease, which prompted
+Botswana on Thursday to stop imports of almost all Zimbabwean
+meat products.
+    Agriculture Ministry Permanent Secretary Robbie Mupawose
+said it had been found at a ranch in southwestern Matabeleland
+province and that all measures were being taken to contain it
+from spreading. "The effect of this outbreak on Zimbabwe's beef
+exports is being examined," he added in a statement.
+    Zimbabwe exports a wide range of meat products to
+neighbouring states and some 8,000 tonnes of high-grade beef to
+the European Community annually worth about 48 mln U.S. Dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16138" NEWID="10617">
+<DATE>28-MAR-1987 06:11:38.56</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>uae</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2748&#31;reute
+r f BC-U.S.-BANKER-PREDICTS   03-28 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANKER PREDICTS FURTHER DOLLAR FALL THIS YEAR</TITLE>
+<DATELINE>    ABU DHABI, March 28 - </DATELINE><BODY>A leading U.S. Banker said the dollar
+was likely to fall another five to 10 pct this year and an
+improvement in the huge American trade deficit would be only
+temporary at current world exchange rate levels.
+    Kurt Viermetz, Worldwide Treasurer of &lt;Morgan Guaranty
+Trust Co>, told Arab currency traders meeting here that the
+steady depreciation of the dollar had not gone far enough to
+rein in U.S. Deficits on a lasting basis.
+    Speaking at the 14th annual congress of the Interarab
+Cambist Association, Viermetz said an agreement reached last
+month among major industrial nations to steady the dollar
+around current levels left many questions unanswered.
+    "I cannot see any chance for a real turnaround (rise) in the
+dollar," Viermetz said. "I believe there is room for a further
+fall of five to 10 per cent in 1987."
+    The United States, West Germany, Japan, France, Great
+Britain and Canada -- G-6 -- agreed in Paris in late February
+to stabilise major currencies around current levels.
+    The accord came after months of transatlantic argument,
+with Tokyo and Bonn claiming Washington's policy of talking the
+dollar lower had made life impossible for West German and
+Japanese exporters.
+    The Paris accord also brought a pause to the continued
+slide of the dollar engineered by a meeting in New York in
+September 1985 when industrial nations agreed to depress the
+value of the currency to help redress global trade imbalances.
+    But Viermetz said Morgan Guaranty's economic models showed
+that with no further change in exchange rates -- and continued
+sluggish growth in West Germany and Japan -- the U.S. Trade
+deficit would improve only temporarily.
+    He said the deficit might fall to 145 billion dlrs this
+year from 165 billion in 1986 and further improve to 120
+billion in 1988 but by 1990, it would be back around 160
+billion dlrs.
+    "This is clearly unacceptable for the monetary authorities
+and politicians in Washington," he said.
+    Viermetz said it was only natural that markets should
+attempt to test the credibility of the Paris accord, struck
+when the dollar was trading at about 1.83 marks and 152.50 yen.
+    Immediately before the historic 1985 New York agreement or
+"Plaza Accord," the dollar had been trading at 2.84 marks and 240
+yen.
+    Viermetz said he believed major nations in Paris wanted to
+see the dollar hold within a "loose range" of 1.75 to 1.90 marks
+and 145 to 155 yen, with any attempt to push the U.S. Currency
+lower being countered by central bank intervention.
+    The dollar ended in New York yesterday at 147.15/25 yen --
+its lowest level against the Japanese currency in roughly 40
+years. It closed at 1.8160/70 marks.
+    Viermetz also said he did not see the U.S. Federal funds
+rate falling below six pct for fear of provoking an
+uncontrolled fall in the dollar.
+    But at the same time, worries about the international debt
+crisis would mean there was little chance of a rise above 6-3/4
+pct since this would increase loan costs to the third world.
+    The Middle East foreign exchange conference brings together
+more than 200 traders and bank treasury chiefs from the Arab
+world and Arab banks in European and U.S. Financial centres.
+    Formal discussions, which end today, have also centred on
+the role of Arab banks in world financial markets, with bankers
+urging them to adapt to a new global trend towards
+securitisation of  business.
+    Hikmat Nashashibi, President of the Arab Bankers
+Association, said Arab banks have to shake off their old
+mentality of commercial banking and concentrate more on
+investment banking.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16139" NEWID="10618">
+<DATE>28-MAR-1987 06:21:58.04</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uae</D><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2755&#31;reute
+r f BC-OFFICIAL-WANTS-ARAB-F   03-28 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OFFICIAL WANTS ARAB FUND TO HELP LEBANESE POUND</TITLE>
+<DATELINE>    ABU DHABI, March 28 - </DATELINE><BODY>Lebanese central bank Vice Governor
+Meguerditch Bouldikian called for the establishment of an Arab
+fund to assist the Lebanese pound, which has lost more than 80
+pct of its value against the dollar since January 1986.
+    Bouldikian told an Arab exchange dealers conference the
+bank would continue to take measures to defend the currency.
+    But he said Lebanon needed foreign support for its
+war-battered economy now more than ever before. "We expect a
+common effort between the central bank and Arab central banks
+and monetary authorities to create an Arab fund to support and
+preserve the value of the currency when needed," he said.
+    Twelve years of civil war have devastated productive
+sectors of the Lebanese economy and created gaping trade and
+budget deficits.
+    Bouldikian said recent government measures had succeeded in
+reducing demand for imports and increasing exports. "These are
+encouraging factors, but the war has not ended yet," he said.
+    "We believe that with a just political solution acceptable
+to all sides, confidence will return and this will benefit the
+Lebanese pound and Lebanon."
+    In the meantime, he said the central bank had four main
+goals:
+    1) to use surplus liquidity to finance the budget deficit
+    2) to increase the role of commercial banks and non-bank
+financing institutions in financing the deficit
+    3) to limit the transfer of Lebanese pounds into foreign
+currency deposits
+    4) to protect the financial health of commercial banks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16140" NEWID="10619">
+<DATE>28-MAR-1987 06:23:26.53</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f2758&#31;reute
+r f BC-JAPAN-JOINING-INTERNA   03-28 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN JOINING INTERNATIONAL COCOA AGREEMENT</TITLE>
+<DATELINE>    LONDON, March 28 - </DATELINE><BODY>Japan is in the process of joining the
+International Cocoa Organisation (ICCO), which will bring the
+number of members in the body to 36, ICCO officials said.
+    Japan is completing constitutional procedures necessary to
+its accession to the ICCO and is expected to become an
+importing member in three to four months, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16141" NEWID="10620">
+<DATE>28-MAR-1987 06:26:49.84</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>turkey</D><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2759&#31;reute
+r f BC-TURKISH-SHIP-IN-OIL-R   03-28 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH SHIP IN OIL ROW HEADS FOR AEGEAN</TITLE>
+<DATELINE>    ANKARA, March 28 - </DATELINE><BODY>A Turkish research ship, escorted by
+warships and air force planes, left for the Aegean to press
+Ankara's case in an escalating row with Greece over oil rights,
+the semi-official Anatolian News Agency said.
+    The ship set off this morning from the Dardanelles port of
+Canakkale with flags flying and watched by sightseers, the
+agency said.
+    Prime Minister Turgut Ozal said last night the ship would
+not go into international waters unless Greece did the same.
+    "We are waiting for the first move from them," he told
+Turkish Radio in London.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16142" NEWID="10621">
+<DATE>28-MAR-1987 06:36:35.25</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>greece</D><D>turkey</D></PLACES>
+<PEOPLE><D>papandreou</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2760&#31;reute
+r f BC-PAPANDREOU-SHOWS-"RES   03-28 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPANDREOU SHOWS "RESTRICTED OPTIMISM" OVER CRISIS</TITLE>
+<DATELINE>    ATHENS, March 28 - </DATELINE><BODY>Greek Prime Minister Andreas Papandreou
+expressed "restricted optimism" about a crisis with Turkey over
+disputed oil rights in the Aegean Sea.
+    Papandreou was speaking to reporters after briefing
+opposition political leaders on the latest developments in the
+row as a Turkish research ship escorted by warships and combat
+aircraft headed for the Aegean.
+    He and other political leaders spoke of qualified optimism
+following a statement by Turkish Premier Turgut Ozal last night
+that the research vessel would not enter disputed waters as
+previously annnounced unless Greek vessels did so.
+    The Prime Minister declined to answer reporters' questions
+about an announcement last night that Greece had asked the
+United States to suspend operations at one of the American
+military bases here due to the crisis.
+    But Opposition leader Constantine Mitsotakis told reporters
+he thought the suspension would be temporary until the crisis
+is resolved. A U.S. Defence Department official in Washington
+said the station was still functioning.
+    Communist Party leader Harilaos Florakis said here "the
+climate is calmer today."
+    Greek newspapers reported that the Greek army, navy and air
+force had been moved to strategic Greek islands in the Aegean
+and to the land border with Turkey at the Evros River.
+    But there was no official word on military movements apart
+from a comment by the government spokesman that the Greek navy
+was no longer in port.
+    The United States, NATO and the United Nations all called
+on Greece and Turkey to exercise restraint.
+    Greek U.N. Representative Mihalis Dounas said in a letter
+to the secretary-general that the dispute was of a legal nature
+and could be settled in the International Court in the Hague.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16143" NEWID="10622">
+<DATE>28-MAR-1987 06:53:51.27</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2763&#31;reute
+r f BC-CHINA-POSTPONES-PLAN   03-28 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA POSTPONES PLAN TO SCRAP PARALLEL CURRENCY</TITLE>
+<DATELINE>    PEKING, March 28 - </DATELINE><BODY>Chinese Vice-Premier Tian Jiyun said
+plans to scrap the country's parallel currency, Foreign
+Exchange Certificates (FECs), had been postponed due to
+objections from foreign businessmen and others.
+    But Tian told a news conference the Chinese government
+still considered FECs unsatisfactory.
+    Asked about the current state of plans to abolish the FECs,
+Tian said: "We have decided to postpone the question. As to
+whether it will be done in the future, it will be done
+according to the evolution of the situation."
+    He said many people, including foreign businessmen, had
+raised objections to the plan to abolish the certificates, and
+added: "It is rather complicated."
+    The FECs were introduced in 1980 for use by foreigners in
+China. But they now circulate widely among local residents and
+there is a big black market in the currency, though it is
+theoretically at par with the ordinary Chinese currency,
+renminbi.
+    Tian said the government still considered that the FECs had
+"many demerits and negative influences."
+    Bank of China President Wang Deyan told Reuters earlier
+this month that he thought it unlikely that the certificates
+would be scrapped this year.
+    Western diplomats and economists have said the Chinese
+authorities are having trouble finding a suitable alternative.
+    Vice-Premier Yao Yilin announced at a similar press
+conference last year that the FECs would be abolished, saying
+the government had decided it was ideologically unacceptable to
+have two currencies circulating in China at the same time.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16144" NEWID="10623">
+<DATE>28-MAR-1987 07:04:43.45</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2766&#31;reute
+r f BC-NAKASONE-SOUNDS-CONCI   03-28 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE SOUNDS CONCILIATORY NOTE IN CHIP DISPUTE</TITLE>
+<DATELINE>    TOKYO, March 28 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone sounded
+a conciliatory note in Japan's increasingly bitter row with the
+United States over trade in computer microchips.
+    "Japan wants to resolve the issue through consultations by
+explaining its stance thoroughly and correcting the points that
+need to be corrected," he was quoted by Kyodo News Service as
+saying.
+    While expressing regret over America's decision to impose
+tariffs on imports of Japanese electrical goods, Nakasone said
+Tokyo was willing to send a high-level official to Washington
+to help settle the dispute.
+    Government officials said Japan would make a formal request
+next week for emergency talks and that the two sides would
+probably meet the week after, just days before the April 17
+deadline set by Washington for the tariffs to take effect.
+    Tokyo is expected to propose a joint U.S./Japan
+investigation of American claims that Japanese companies are
+dumping cut-price chips in Asian markets.
+    Yesterday, Washington announced plans to put as much as 300
+mln dlrs in tariffs on imports of certain Japanese electronic
+goods in retaliation for what it sees as Tokyo's failure to
+live up to their bilateral chip pact.
+    That agreement, hammered out late last year after months of
+heated negotiations, called on Japan to stop selling cut-price
+chips in world markets and to buy more American-made chips.
+    Nakasone's comments seemed distinctly more conciliatory
+than those of his Trade and Industry Minister, Hajime Tamura,
+who earlier today said Japan was ready to take "appropriate
+measures" if Washington went ahead with the sanctions.
+    Ministry of International Trade and Industry (MITI)
+officials later sought to downplay the significance of Tamura's
+remark and said that his main message was that the two sides
+need to talk urgently about the issue.
+    But they admitted that Japan was considering taking the
+United States to GATT, the Geneva-based international
+organization which polices world trade, if Washington imposed
+the tariffs.
+    Any Japanese action would probably be taken under Article
+23 of the General Agreement on Tariffs and Trade (GATT), they
+said. If that article were invoked, GATT would set up a panel
+to consider the legality of the U.S. Action.
+    But officials here said they hope that can be avoided. "It
+may be wishful thinking but there is a possibility the United
+States may lift its decision at an early date," Tamura said.
+    In announcing the U.S. Sanctions yesterday, President
+Ronald Reagan said he was prepared to lift them once he had
+evidence that Japan was no longer dumping chips in world
+markets and had opened up its own market to imports.
+    Japanese government officials said they are confident they
+can make the pact work.
+    They said that the export of cut-price Japanese chips
+through unregulated distributors has all but dried up after
+MITI instructed domestic makers to cut output.
+    While acknowledging that it is harder to increase Japanese
+imports of American chips, MITI officials said that the
+ministry is doing all it can to ensure that happens.
+    The Ministry recently called on Japan's major chip users,
+some of whom are also leading producers, to step up their
+purchases of foreign semiconductors.
+    A spokesman for one of the companies, Toshiba Corp &lt;TSBA.T>
+said his firm would do just that and could announce its plans
+in the next week or so. He expects other Japanese companies to
+do likewise.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16145" NEWID="10624">
+<DATE>28-MAR-1987 07:11:39.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D><D>senegal</D><D>guinea</D><D>sierra-leone</D><D>gabon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2772&#31;reute
+r f BC-ISLAMIC-BANK-MAKES-12   03-28 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISLAMIC BANK MAKES 12.3 MLN DLRS OF LOANS</TITLE>
+<DATELINE>    ISTANBUL, March 28 - </DATELINE><BODY>The Islamic Development Bank (IDB)
+approved a total of 12.3 mln dlrs of project loans and
+technical assistace to member countries, a bank statement said.
+    It said Senegal was given a 5.5 mln dlrs loan for a rice
+cultivation project, Guinea 4.6 mln dlrs for construction of
+schools and 1.2 mln dlrs for Comoros for petroleum facilities.
+    Sudan, Sierra Leone and Gabon were given a total of 980,000
+dlrs of technical assistance. The bank also extended a 10 mln
+dlrs line of leasing to a Malaysian Bank and 1.9 mln dlrs to a
+Tunisian-Saudi Investment Company, the statement said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16146" NEWID="10625">
+<DATE>28-MAR-1987 07:12:04.12</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2773&#31;reute
+r f BC-ISLAMIC-BANKS-ESTABLI   03-28 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISLAMIC BANKS ESTABLISH 50 MLN DLR TRADE PORTFOLIO</TITLE>
+<DATELINE>    ISTANBUL, March 28 - </DATELINE><BODY>The Islamic Development Bank (IDB) and
+20 Islamic Banks signed an agreement to establish a 50 mln dlr
+trade portfolio to finance trade among Islamic countries, IDB
+sources said.
+    They said IDB's share in the portfolio, which will only
+finance exports and imports of the private sector, was limited
+to up to 25 mln dlrs.
+    The sources said shares in the porfolio could be traded or
+redeemed by the IDB, adding that this was a major step in
+establishing an Islamic financial market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16147" NEWID="10626">
+<DATE>28-MAR-1987 23:08:38.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2779&#31;reute
+r f BC-SOVIETS-HAVE-TESTED-S   03-28 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIETS HAVE TESTED SS-18 MISSILE - WEINBERGER</TITLE>
+<DATELINE>    NEW YORK, March 29 - </DATELINE><BODY>U.S. Defence Secretary Caspar
+Weinberger said the Soviet Union continues to grow in military
+strength and has tested its SS-18 intermediate-range missile.
+    It was a "successful test so far as we know, and the next
+one of course is the follow-on to the SS-20," Weinberger told
+interviewers on the CNN television network.
+    "They finished deploying the SS-20 some time last year. They
+are all ready well advanced on its follow-on. They never stop.
+That"s the lesson."
+    "They continue to grow in all aspects: conventional, land,
+sea, air and nuclear," he said of Soviet military strength.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16148" NEWID="10627">
+<DATE>28-MAR-1987 23:09:12.32</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>turkey</D><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2780&#31;reute
+r f BC-TURKISH-GREEK-AEGEAN   03-28 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH-GREEK AEGEAN TENSION ABATES</TITLE>
+<DATELINE>    ANKARA, March 29 - </DATELINE><BODY>Turkey"s standoff with Greece over Aegean
+oil rights appeared at an end after the government said it had
+been assured Athens would not start prospecting in disputed
+waters.
+    A Foreign Ministry statement last night hinted Turkey was
+claiming victory. A Greek-based international consortium, North
+Aegean Petroleum Co., Had given up plans to start searching for
+oil in international waters east of Thasos island, it said.
+    "In the same way it has been understood that Greece will
+also not undertake oil activities outside its territorial
+waters," the statement added.
+    An Ankara Radio report monitored in London said Foreign
+Minister Vahit Halefolu had called on Greece to engage in
+dialogue over the dispute. It was impossible to resolve the
+dispute by crises, he was quoted as saying.
+    "We call on Greece to come and engage in a dialogue with us
+- let us find a solution as two neighbours and allies should,"
+he said.
+    The radio said Halefoglu had briefed the leaders of a
+number of the country"s political parties on the latest
+developments.
+    Turkey sent the survey ship Sismik 1 into the Aegean
+yesterday, flanked by warships, to press its case but having
+earlier said it would go into disputed waters, declared the
+vessel would stay in Turkish areas.
+    Prime Minister Turgut Ozal, in London on his way home after
+heart surgery in the United States, is expected to receive an
+ecstatic welcome from thousands of Turks when he returns today.
+    He was in defiant mood last night, telling Turkish radio:
+"We can never accept that Greece should confine us to the
+Anatolian continent. If there are riches under the sea, they
+are for mankind."
+    Despite the end of the crisis, Turkish officials
+acknowledged that the underlying dispute over delimiting the
+continental shelf in the Aegean remained unsolved.
+    Turkey alleged that the consortium"s plans would have
+infringed the 1976 Berne agreement between the two countries,
+which called for a moratorium on any activities until the
+delimitation was agreed. Greece earlier this month declared it
+considers the accord inoperative.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16149" NEWID="10628">
+<DATE>28-MAR-1987 23:11:42.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>china</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2785&#31;reute
+r f BC-CHINA-HELPS-IRAN-TO-D   03-28 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA HELPS IRAN TO DEVELOP NEW MISSILES - PAPER</TITLE>
+<DATELINE>    LONDON, March 29 - </DATELINE><BODY>Iran has produced a short-range
+surface-to-surface missile with technological help from China
+and is working with Peking on a longer-range missile capable of
+hitting most areas of Iraq, the Observer newspaper said.
+    The British Sunday paper, quoting Iranian sources, said the
+shorter-range missile was based on a Chinese version of the
+Soviet-made Frog and had been fired at the Iraqi port of Basra.
+The missile has a range of 40 miles.
+    The other type, similar to the Soviet army"s Scud B with a
+range of 180 miles, is at an advanced stage of development,
+according to the Observer.
+    The development of a longer-range weapon would enable Iran
+to strike at many towns and cities on the territory of its
+relatively small neighbour.
+    Earlier this month, Iran acknowledged it had acquired
+Chinese-made Silkworm missiles capable of hitting tankers
+carrying crude oil from Arab countries to the West.
+    Iran said it would use its Silkworm anti-ship missile
+against shipping in the waterway only if Iraqi air and missile
+raids prevented it from exporting oil.
+    The Silkworms are large mobile missiles with a range of 60
+miles, which can carry a warhead of 1,000 pounds.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16150" NEWID="10629">
+<DATE>28-MAR-1987 23:19:28.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2793&#31;reute
+r f BC-CHINA,-ISRAEL-DISCUSS   03-28 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA, ISRAEL DISCUSS MIDDLE EAST PEACE PROSPECTS</TITLE>
+<DATELINE>    UNITED NATIONS, March 29 - </DATELINE><BODY>China and Israel, which have no
+diplomatic relations, discussed Middle East peace prospects and
+related matters at a meeting in New York city, an Israeli
+spokesman said.
+    Taking part in the talks at an undisclosed location were
+China's U.N. Representative, Ambassador Li Luye, and the
+director-general of the Israeli Foreign Ministry, Abraham
+Tamir.
+    "It was in a U.N. Context rather than a bilateral context,
+and one of a series of meetings being held with members of the
+Security Council," Israeli U.N. Spokesman Eyal Arad said.
+    The meeting, which dealt with "the peace process and related
+matters," was held at Israel's initiative and was arranged by
+the two countries' U.N. Missions, he added.
+    While in New York, Tamir has conferred with a number of
+U.N. Diplomats, including the representative of the Soviet
+Union, with which Israel also has no diplomatic relations.
+    Increasing attention has been focused in recent months on
+prospects for a U.N.-sponsored Middle East peace conference
+that would include the five permanent members of the Security
+Council -- China, the Soviet Union, the United States, Britain
+and France.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16151" NEWID="10630">
+<DATE>28-MAR-1987 23:19:43.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>greece</D></PLACES>
+<PEOPLE><D>papandreou</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2795&#31;reute
+r f BC-GREECE-SCRAPS-U.S.-BA   03-28 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREECE SCRAPS U.S. BASE CLOSURE REQUEST</TITLE>
+<DATELINE>    ATHENS, March 29 - </DATELINE><BODY>Prime Minister Andreas Papandreou has
+withdrawn a request to Washington to suspend operations at an
+American army base near Athens as a Greek-Turkish row over oil
+rights in the Aegean eased.
+    A Turkish research ship which Greece had threatened to
+tackle if it sailed into disputed waters in the Aegean Sea kept
+to Turkish territorial waters yesterday, avoiding a potential
+clash.
+    Papandreou expressed qualified optimism after briefing
+opposition leaders on Aegean developments early yesterday.
+    The Greek government later withdrew Friday's request to
+Washington to close down its telecommunications base at Nea
+Makri, north of Athens, saying that the reasons which had
+prompted it to make the request were no longer valid.
+    Under the terms of the U.S.-Greek bases accord, Greece has
+the right to ask for suspension of operations at times when its
+national interests are threatened.
+    The row in the Aegean erupted after Turkey said it would
+search for oil round three Greek islands off its coast
+following an announcement from Greece that it planned to drill
+east of Thassos island after taking control of a Canadian-led
+oil consortium operating in the northern Aegean.
+    Turkey accused Greece of breaching the 1976 Berne Agreement
+under which both sides agreed to preserve the status quo in the
+Aegean until their continental shelf dispute was settled.
+Athens says it considers the accord inactive.
+    The Turkish Foreign Ministry said in a statement it had
+received an assurance from Greece that it would not carry out
+oil activities outside its territorial waters. Greece declined
+comment on the statement.
+    Papandreou repeated an invitation to Turkey to take the
+long-standing continental shelf dispute to the International
+Court of Justice at The Hague.
+    Conservative opposition leader Constantine Mitsotakis said
+he had urged Papandreou to accept an offer from NATO General
+Secretary Lord Carrington to help resolve the row.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16152" NEWID="10631">
+<DATE>28-MAR-1987 23:52:05.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2801&#31;reute
+r f BC-TENTATIVE-PACT-AGREED   03-28 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENTATIVE PACT AGREED IN GM &lt;GM.N> STRIKE</TITLE>
+<DATELINE>    PONTIAC, Mich., March 29 - </DATELINE><BODY>A tentative settlement has been
+reached in a three-day strike by 9,000 workers at a General
+Motors &lt;GM.N> truck and bus complex, a union spokesman said.
+    United Auto Workers (UAW) spokesman Don Hooper told Reuters
+in a telephone interview a settlement had been reached and a
+ratification vote was expected today. He had no further
+details.
+    GM officials were unavailable for comment, but the head of
+security at one of the struck plants confirmed a tentative
+settlement of the dispute.
+    The UAW struck at three GM factories on Thursday as labor
+contract talks broke down on the issue of using non-union
+labour on subcontracting jobs.
+    About 9,000 hourly workers walked off the job after the UAW
+and management failed to come to an agreement by Thursday noon,
+a deadline set last week by the union.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16153" NEWID="10632">
+<DATE>28-MAR-1987 23:52:52.48</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2803&#31;reute
+r f BC-BANK-SEES-MODEST-RECO   03-28 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK SEES MODEST RECOVERY IN GULF ARAB ECONOMIES</TITLE>
+<DATELINE>    ABU DHABI, March 29 - </DATELINE><BODY>The Emirates Industrial Bank has
+predicted a modest economic recovery in the Gulf Arab states
+following higher oil revenues.
+    A bank study, carried by the Emirates news agency WAM, said
+total oil revenues of the six Gulf Cooperation Council (GCC)
+countries were likely to reach 39 billion dlrs this year from
+33.5 billion in 1986.
+    The GCC groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia
+and the United Arab Emirates (UAE).
+    The bank said the improvement would result from higher oil
+prices made possible by last December's OPEC accord to restrain
+overall group production.
+    These curbs have pushed up oil prices from around eight
+dollars a barrel in mid-1986 to around 18 dlrs.
+    "All signs point to the possibility of a modest recovery in
+the economies of these (GCC) countries, although this expected
+growth will not be similar to that of the (1970s) boom years,"
+the study said.
+    It added, however, that GCC states would experience higher
+budget deficits this year because of needs arising from past
+recession and the difficulty of making fresh spending cuts.
+    The study said the combined GCC bugdet deficits would rise
+to 23.2 billion dlrs from 17.9 billion last year.
+    It said lower oil exports cut the GCC states' combined
+trade surplus to 18 billion dlrs in 1986 from 21.5 billion in
+1985.
+    The UAE suffered a 19.5 pct drop in gross domestic product
+to 77.6 billion dirhams last year from 96.4 billion in 1985, it
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16154" NEWID="10633">
+<DATE>29-MAR-1987 00:00:02.22</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0000&#31;reute
+r f BC-ARAB-BANKER-SAYS-TOO   03-28 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARAB BANKER SAYS TOO SOON FOR SINGLE CURRENCY</TITLE>
+<DATELINE>    ABU DHABI, March 29 - </DATELINE><BODY>Gulf Arab states must coordinate
+economic policies more closely before moving towards their goal
+of a unified currency system, the President of the Arab Bankers
+Association said.
+    Hikmat Nashashibi told a news conference at the end of an
+Arab currency traders meeting: "We have to start with
+coordination of fiscal policies as a prerequisite for a common
+system of currencies ... There is quite a substantial way to go
+yet."
+    He said only then would a unified Gulf currency system be a
+plausible project.
+    The six nations of the Gulf Cooperation Council -- Saudi
+Arabia, Kuwait, Bahrain, Oman, Qatar and the United Arab
+Emirates --  have held a series of meetings this year to
+examine linking their currencies to a single peg in a system
+which bankers say could be modelled on the European Monetary
+System (EMS).
+    At present, five currencies are linked either officially or
+in practice to the U.S. Dollar, while the Kuwaiti dinar is
+pegged to a trade-weighted basket of currencies.
+    A common currency system or EMS-style "grid" would, in
+theory, foster regional trade by providing a basis for stable
+exchange rates, but Nashashibi said inter-Arab trade is at a
+very low ebb and capital flows between Gulf states remain
+small. "Capital markets in the Arab world are still in their
+infancy," he said.
+    Nashashibi said lack of experience among Arab banks, a
+paucity of financial instruments and a legal framework that
+often does not recognise the western banking concept of
+interest have hampered the growth of Arab markets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16155" NEWID="10634">
+<DATE>29-MAR-1987 00:15:09.44</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0003&#31;reute
+r f BC-CHINA-FOREIGN-RESERVE   03-29 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA FOREIGN RESERVES EXCEED 10 BILLION DLRS</TITLE>
+<DATELINE>    PEKING, March 29 - </DATELINE><BODY>China's foreign exchange reserves are
+more than 10 billion dlrs, enough to cover import payments for
+three to four months, Vice Premier Tian Jiyun said.
+    He told a news conference that China also has considerable
+reserves of gold. He gave no figure.
+    The last published figure for foreign exchange reserves was
+10.37 billion dlrs at end-September 1986, down from 10.47
+billion at end-June and 12.59 billion at end-September 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16156" NEWID="10635">
+<DATE>29-MAR-1987 00:15:38.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0004&#31;reute
+r f BC-CHINA-SAYS-FOREIGN-DE   03-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA SAYS FOREIGN DEBT RISING, LEVEL NOT DANGEROUS</TITLE>
+<DATELINE>    PEKING, March 29 - </DATELINE><BODY>A Chinese leader said the country's
+foreign debt was rising but the level was not dangerous and
+China valued its good credit rating in the world.
+    Vice-Premier Tian Jiyun told a news conference for foreign
+journalists the debt, including foreign investment, was 20.6
+billion dlrs at end-1986, of which 7.6 billion were in
+long-term, low-interest loans.
+    "Considering the national economic strength of China and the
+scale of its imports and exports, this level of foreign debt
+can be sustained by China now and has not developed to a
+dangerous point," he said.
+    Finance Minister Wang Bingqian said in the budget speech on
+Thursday that foreign borrowings in 1987 would be almost double
+the 1986 level and nearly six times the 1985 amount.
+    Under Chairman Mao Tse-tung's rule from 1949-1976, China
+borrowed very little abroad, insisting that nearly all
+development be financed from the country's own resources.
+    Tian took the opposite view. "It is not enough for us to
+rely totally on our own funds and capital (to achieve its
+modernisation). We have to have the courageous spirit to borrow
+a certain amount of foreign loans," he said.
+    He said China must not borrow too much and no more than it
+can repay. "China has good credit in terms of foreign borrowing
+and we value this good credit," he said.
+    Vice Premier Yao Yilin, a former Commerce Minister, told
+the same news conference some people said China's foreign debt
+was already too much and others said China could increase the
+amount.
+    "They proceed from their own perspectives to make such
+remarks. We must always be clear-headed when we analyse the
+situation," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16157" NEWID="10636">
+<DATE>29-MAR-1987 00:21:19.08</DATE>
+<TOPICS><D>money-fx</D><D>lit</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0008&#31;reute
+r f BC--ITALY-RELAXES-RESTRI   03-29 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY RELAXES RESTRICTIONS ON LIRA IMPORTS</TITLE>
+<DATELINE>    ROME, March 29 - </DATELINE><BODY>Italy is to modify restrictions limiting
+the amount of lira cash that can be brought in and out of the
+country, the Foreign Trade Ministry said.
+    A statement said Foreign Trade Minister Rino Formica has
+signed a measure lifting currency regulations that currently
+impose a 400,000 lire limit on the value of lira bank notes
+that can be brought into Italy. It did not say when the new
+measure would come into force.
+    In future, there will be no limit to the amount of lira
+bank notes both residents and non-residents can bring into
+Italy.
+    The statement said the 400,000 lire limit would remain for
+Italian residents wishing to take cash out of the country, but
+non-residents could re-export lira cash if they made
+appropriate declarations at customs points.
+    It said the lifting of the restrictions "reinforces the
+international status of the lira and meets the requirements
+expressed several times by foreign exchange dealers."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16158" NEWID="10637">
+<DATE>29-MAR-1987 00:22:53.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0009&#31;reute
+r f BC-FRENCH-PUBLIC-SECTOR   03-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH PUBLIC SECTOR TO GET FIVE BILLION FRANCS</TITLE>
+<DATELINE>    PARIS, March 29 - </DATELINE><BODY>The French public sector will get a total
+of five billion francs of investment from the 41 billion francs
+which the government expects to raise through its privatisation
+program, the Finance Ministry said in a statement.
+    Prime Minister Jacques Chirac said in a televised interview
+on Wednesday the successful program would net the government 10
+billion francs, more than the 30 billion orignally estimated.
+    Around 75 pct of the additional revenue will be used to cut
+state debt and 25 pct for public sector investment.
+    Of this investment envelope, a total of 800,000 francs will
+go towards industrial modernisation, especially of the chemical
+sector and and a further 800,000 francs for high-tech
+industries such as the aeronautical and electronic sectors, the
+Finance Ministry said.
+    France's state railways, the SNCF, will receive 1.4 billion
+francs to speed up financing of the high-speed TGV rail link to
+the Atlantic coast.
+    A total of two billion francs will go towards improving
+motorways around the country, the ministry said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16159" NEWID="10638">
+<DATE>29-MAR-1987 00:46:37.12</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0016&#31;reute
+r f BC-ARAB-FOREX-ASSOCIATIO   03-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARAB FOREX ASSOCIATION ELECTS NEW CHAIRMAN</TITLE>
+<DATELINE>    ABU DHABI, March 28 - </DATELINE><BODY>The Inter-Arab Cambist Association
+(ICA) elected Abdullah al-Dakhil of Kuwait's Burgan Bank its
+new chairman, succeeding Hani Ramadan of Beirut Riyad Bank for
+a three-year term, ICA officials said
+    The annual meeting elected three Vice-Chairmen -- Ezzedine
+Saidane of Banque Internationale Arabe de Tunis, Mohammed Osman
+of Societe Bancaire du Liban and Walid Nasouli of Morgan
+Guaranty Trust Co of New York.
+    Ibrahim Buhindi of the Saudi National Commercial Bank in
+Bahrain and Imad Bata of Finance and Credit Corp of Jordan were
+elected Secretary and Treasurer, respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16160" NEWID="10639">
+<DATE>29-MAR-1987 00:54:46.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>libya</D><D>chad</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0019&#31;reute
+r f BC-LIBYA-SAYS-CHAD-FIGHT   03-29 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBYA SAYS CHAD FIGHTING TO CONTINUE</TITLE>
+<DATELINE>    LONDON, March 29 - </DATELINE><BODY>Libyan leader Muammar Gaddafi said
+confrontation would continue in Chad unless French forces leave
+the country and rebel leaders share political power there.
+    "Any anti-Libyan regime in N'djamena can rest assured that
+it will never have a single comfortable night's sleep," he said
+in a speech carried by Libyan television and monitored by the
+British Broadcasting Corporation.
+    Gaddafi repeated his stand that no Libyan forces are in
+Chad, saying he stood by Chad rebel forces of GUNT -- the
+Transitional Government of National Unity -- fighting the
+forces of President Hissene Habre, supported logistically by
+2,400 French troops.
+    "As long as this movement (GUNT) continues to fight for the
+liberation of Chad we will continue to stand by its side with
+all force and firmness ... Whatever the battles, however long
+the conflict and whatever the alliance between the
+colonialists, the reactionaries and their agents," Gaddafi said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16161" NEWID="10640">
+<DATE>29-MAR-1987 01:57:33.44</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0021&#31;reute
+r f BC-COFFEE-PRICES-BAD-NEW   03-29 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE PRICES BAD NEWS FOR LATIN AMERICA -MINISTER</TITLE>
+<AUTHOR>    By Lisa Vaughan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 29 - </DATELINE><BODY>A senior Nicaraguan official said a
+recent plunge in coffee prices was economically and politically
+disastrous for Latin American coffee-producing countries.
+    Nicaraguan Foreign Trade Minister Alejandro Martinez Cuenca
+was in London to brief International Coffee Organisation (ICO)
+executive board producer members after a meeting last weekend
+in Managua attended by eight Latin American coffee producers to
+discuss the fall in coffee prices.
+    London coffee prices slid 300 stg per tonne in March, to
+1,279 stg from 1,580 stg at end-February.
+    Martinez told reporters the price fall since the ICO failed
+to agree export quotas on March 1 has had disastrous results on
+Latin America, both economically and politically.
+    He urged continued negotiations among coffee producers to
+pave the way for a coffee export quota agreement by September.
+    Coffee export quotas, used to regulate coffee prices under
+an International Coffee Agreement, were suspended a year ago
+when prices soared in response to a drought in Brazil.
+    Central American economic ministers have estimated the
+region will lose 720 mln dlrs in foreign exchange earnings in
+1987 if coffee prices are not rescued by a quota arrangement,
+Martinez said.
+    He said ICO quota talks broke down last month because
+consumer members lack the political will to fully support
+commodity agreements, and because consumers tried to dictate to
+producers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16162" NEWID="10641">
+<DATE>29-MAR-1987 03:20:39.84</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>greece</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0024&#31;reute
+r f BC-TURKEY-LIFTS-SURVEY-S   03-29 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY LIFTS SURVEY SHIP ESCORT AS TENSION ABATES</TITLE>
+<DATELINE>    ANKARA, March 29 - </DATELINE><BODY>Turkey pulled warships back from close
+escort of its Sismik 1 survey ship as the threat of conflict
+with Greece over oil rights in the Aegean Sea abated.
+    The semi-official Anatolian Agency said naval vessels ended
+their close protection of the ship as it continued work in
+Turkish waters but were following it at a distance.
+    Popular newspapers headlined what they saw as Turkish
+resolve and international pressure forcing Greece to pull back
+from planned exploration in disputed international waters.
+    "Intense United States and NATO efforts bore fruit: Greece
+will stay in its national waters," said the daily Gunes. The
+top-selling Hurriyet topped its front page with: "Our resolute
+stand made Greece see reason."
+    But two newspapers, Cumhuriyet and Milliyet, noted in
+identical headlines -- "Crisis Frozen" -- that the basic
+disagreement over exploration rights remained unsolved.
+    The confrontation eased after the Turkish government said
+it had been assured Athens would not begin prospecting in
+disputed waters.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16163" NEWID="10642">
+<DATE>29-MAR-1987 04:51:28.60</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0028&#31;reute
+r f BC-TOKYO-BIDS-TO-STOP-CH   03-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO BIDS TO STOP CHIP ROW TURNING INTO TRADE WAR</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 29 - </DATELINE><BODY>Japan is seeking to prevent its computer
+chips dispute with the U.S. From erupting into a full-scale
+trade war, government officials said.
+    "We hope that the dispute on this specific issue won't have
+an adverse effect on our overall relationship with the United
+States," a Ministry of International Trade and Industry (MITI)
+official said.
+     On Friday, Washington announced plans for as much as 300
+mln dlrs in tariffs on Japanese electronic goods for Tokyo's
+alleged failure to live up to a bilateral computer chip pact.
+    That agreement, reached last year after heated
+negotiations, called on Japan to stop selling cut-price chips
+in world markets and to buy more American-made semiconductors.
+    Foreign Ministry officials immediately tried to isolate the
+fall-out from the dispute by seeking to separate it from Prime
+Minister Yasuhiro Nakasone's planned trip to Washington at the
+end of April.
+    While Japan has already done about all it can to make sure
+the chip pact is working, the government is studying measures
+it can take in other fields to defuse American anger and ensure
+the trip's success, they said.
+    "The perception of Japan in the (U.S.) Congress is very bad,"
+one official told Reuters. "We would very much like to do
+something to respond to that."
+    In an apparent effort to prevent the chip dispute from
+spreading to other areas, MITI officials sought to depict the
+U.S. Action as a severe warning to Japanese semiconductor
+makers, not to the government.
+    Faced with a belligerent domestic chip industry and an
+angry American Congress, the Japanese government has been
+forced to walk an increasingly fine line in the semiconductor
+dispute, trade analysts said.
+    They said that it was an open secret that Japan's largest
+chip maker, NEC Corp, was not happy with what it viewed as the
+draconian measures MITI was taking to implement the pact,
+included enforced production cuts.
+    The angry response of Japanese chip makers yesterday to the
+announcement of the U.S. Tariffs highlighted the difficulties
+the government faces in taking further action.
+    "Japanese semiconductor manufacturers have complied with the
+U.S./Japan agreement," said Shoichi Saba, Chairman of the
+Electronic Industries Association of Japan.
+    He accused the U.S. Of being "irrational." He said the U.S.
+Action had made the bilateral chip pact "meaningless."
+    Saba's comments contrasted with those of Prime Minister
+Yasuhiro Nakasone, who said Tokyo wanted to solve the dispute
+through consultations.
+    Japan is expected to send a high-level official to
+Washington early next month to try to convince the U.S. Not to
+go ahead with the tariffs on April 17.
+    Trade analysts say Tokyo is likely to outline industry
+plans to step up purchases of U.S. Chips and to propose a joint
+investigation into Washington's allegations of chip dumping.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16164" NEWID="10643">
+<DATE>29-MAR-1987 04:58:41.86</DATE>
+<TOPICS><D>trade</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0034&#31;reute
+r f BC-U.S.-SEES-MORE-HARMON   03-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SEES MORE HARMONY IN TALKS WITH FRANCE</TITLE>
+<DATELINE>    WASHINGTON, March 29 - </DATELINE><BODY>The U.S. Expects more harmonious
+talks than usual during French Prime Minister Jacques Chirac's
+first official visit this week as frequently rancorous disputes
+between the two countries begin to fade.
+    "The Libyan bombing is a thing of the past, the trade war
+didn't happen and we have reached reasonably good cooperation
+on terrorism," one U.S. Official told Reuters.
+    "It looks like a reasonably harmonious visit in prospect,
+more harmonious than usual."
+    Since taking office a year ago, Chirac has been obliged to
+deal with a series of potentially serious disputes with the
+United States.
+    During the U.S. Bombing of alleged terrorist targets in
+Libya last April, France refused to allow British-based U.S.
+Planes to overfly its territory, forcing them to take a
+circuitous route. That angered Washington.
+    The U.S. Officials, who asked not to be identified, said a
+year ago Washington felt the French were not taking strong
+enough action against terrorism. "Now they are. We're pleased
+and they are pleased that we are pleased," one said.
+    More recently, a dispute over U.S. Access to the grain
+markets of Spain and Portugal after they joined the European
+Community  threatened to become a trade war.
+    In retaliation for what Washington saw as deliberate
+Community moves to exclude U.S. Grain, the United States was
+poised to impose swingeing tariffs on European Community food
+imports and a major trade war was averted at the last minute.
+    Last week, the forces of President Hissene Habre of Chad,
+supported, trained and armed by Paris and Washington, scored a
+major success by pushing Libyan troops out of their last bases
+in northern Chad.
+    A French official added: "There is also a common interest in
+getting Japan to cut its trade surplus with the rest of the
+world by opening up its markets."
+    Although relations have improved markedly between the two
+countries, many irritants remain. At the top of the list is the
+Community's common agricultural policy (CAP).
+    To Washington, as one official put it, "CAP is the root of
+all evil" in international food trade because it subsidises
+farmers and sells vast amounts of excess produce at below world
+prices, thereby eating into U.S. Markets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16165" NEWID="10644">
+<DATE>29-MAR-1987 05:34:15.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0040&#31;reute
+r f BC-BANK-FUER-GEMEINWIRTS   03-29 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK FUER GEMEINWIRTSCHAFT AG &lt;BKFG.F> YEAR 1986</TITLE>
+<DATELINE>    FRANKFURT, March 29 - </DATELINE><BODY>Year ended December 31, 1986.
+    Group net profit 30 mln marks vs 35 mln.
+    Balance sheet total 61.50 billion marks vs 63.67 billion.
+    Credit volume 42.00 billion marks vs 43.15 billion.
+    Parent bank net profit 20 mln marks vs 20 mln.
+    Transfer to trades union holding co 80 mln marks vs 80 mln.
+    Payment to open reserves 20 mln marks vs 20 mln.
+    Balance sheet total 48.67 billion marks vs 49.01 billion.
+    Partial operating profit 182.6 mln marks vs 313.7 mln.
+    Interest surplus 897.9 mln marks vs 981.1 mln.
+    Surplus on commission 208.8 mln marks 188.1 mln.
+    Ordinary expenditure 969.7 mln marks vs 909.7 mln.
+    Earnings from subsidiaries through profit transfer
+agreements 494.2 mln marks vs 54.2 mln.
+    Earnings from writing back provisions 326.5 mln marks vs
+65.6 mln.
+    Published risk provisions 736.3 mln marks vs 224.0 mln.
+    Credit volume 32.63 billion marks vs 33.51 billion.
+    Group figures for 1986 exclude &lt;BSV Bank fueer Sparanlagen
+und Vermoegensbildung AG> which no longer consolidated.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16166" NEWID="10645">
+<DATE>29-MAR-1987 05:39:06.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0042&#31;reute
+r f BC-SOUTH-AFRICAN-MINISTE   03-29 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICAN MINISTER SHOT, INJURED</TITLE>
+<DATELINE>    CAPE TOWN, March 29 - </DATELINE><BODY>South Africa's Environmental Affairs
+Minister John Wiley has been injured in a shooting incident at
+his home, police said
+    A police spokesman said the matter was still being
+investigated and refused to give further details.
+    The South African Press Association said no crime was
+suspected. The minister's condition was not known.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16167" NEWID="10646">
+<DATE>29-MAR-1987 05:48:56.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0044&#31;reute
+r f BC-S.-AFRICAN-MINISTER-D   03-29 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICAN MINISTER DEAD</TITLE>
+<DATELINE>    JOHANNESBURG, March 29 - </DATELINE><BODY>South Africa's Environmental
+Affairs Minister John Wiley died today in an apparent suicide
+attempt, police said.
+    His wife found him lying on his bed at home this morning
+with a bullet wound in his head, police said. A pistol lay by
+his side.
+    The police said no crime was suspected and they were
+treating it as an apparent suicide.
+    The spokesman said Wiley's wife returned to the family home
+near Cape Town to find the door locked. She found help to break
+into the house and found her husband dead.
+    Wiley, 60, had been member of parliament for Simonstown,
+near Cape Town, since 1966, representing several parties.
+    Local reporters said he had been fighting a very active
+campaign to retain the seat for the National Party (NP) in the
+May 6 whites-only general election.
+    They said he won the seat comfortably for the NP in the
+1981 poll, but was facing a strong challenge this year from
+John Scott, candidate for the centrist Progressive Federal
+Party.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16168" NEWID="10647">
+<DATE>29-MAR-1987 05:52:49.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0045&#31;reute
+r f BC-IRAQ-SAYS-IRAN-FIRED   03-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IRAN FIRED LAND-BASED MISSILES AT SHIPS</TITLE>
+<DATELINE>    BAGHDAD, March 29 - </DATELINE><BODY>Iraqi Foreign Minister Tareq Aziz was
+quoted as saying Iran has attacked several ships with
+land-based missiles sited at the Strait of Hormuz.
+    The U.S. Announced recently Iran had emplaced Chinese-made
+"Silkworm" anti-ship missiles with the range to cover the entire
+width of the 24-mile-wide strait at the Gulf's mouth.
+    Aziz said in an interview with al-Thawra newspaper that
+leaders of Gulf Arab states had told him of the existence of
+the missiles, which he said had been in place for many months.
+    "They briefed me with their details and we know that the
+Iranians used them several times to attack ships belonging to
+Arab states in the Gulf, sailing in the waterway," he said.
+    This is the first time any person of authority has said
+Iran, Iraq's enemy in the 6-1/2-year-old Gulf war, had fired
+the missiles in anger.
+    A British naval source in the Gulf said last week Iran had
+fired one test missile against a hulk in the strait.
+    About 120 ships have been attacked in the Gulf by both
+belligerents since January last year.
+    Aziz said the U.S. Had announced the existence of the
+missiles so late after their arrival as part of its efforts to
+neutralise the effects of the secret U.S. Arms sale to Iran.
+    "The missiles existed in the Gulf for many months ... But
+they became a serious topic for America and the West only after
+the failure of the Iranian invasion plan (against the south
+Iraqi city of Basra) and as a balloon to cover up the Irangate
+story," Aziz said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16169" NEWID="10648">
+<DATE>29-MAR-1987 06:01:35.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0048&#31;reute
+r f BC-BFG-PARTIAL-OPERATING   03-29 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BFG PARTIAL OPERATING PROFITS FALL SHARPLY IN 1986</TITLE>
+<DATELINE>    FRANKFURT, March 29 - </DATELINE><BODY>Bank fuer Gemeinwirtschaft AG
+&lt;BKFG.F>, BfG, partial operating profits fell to 182.6 mln
+marks in 1986 from 313.7 mln in 1985, new majority shareholder
+Aachener und Muenchener Beteiligungs-AG &lt;AMVG.F>, AMB, said.
+    But total operating and extraordinary profits, including
+earnings from currency and securities trading on the bank's own
+account and earnings from the sale of holdings in other firms,
+were more than double the previous year's level, AMB said.
+    BfG's 1986 accounts were included in a prospectus for AMB's
+capital increase, which is to finance the insurance company's
+acquisition of 50 pct plus one share of BfG.
+    Despite the fall in partial operating profits, BfG paid an
+unchanged 20 mln marks into open reserves and transferred an
+unchanged 80 mln marks to its trade union holding company,
+&lt;Beteiligungsgesellschaft fuer Gemeinwirtschaft AG>, from which
+AMB has acquired the majority stake.
+    The bank has said its business last year suffered from the
+turbulence around the troubled trade-union-owned housing
+concern Neue Heimat.
+    AMB said the 500 mln mark drop in BfG's business volume to
+50.1 billion marks affected the interest surplus.
+    The interest surplus, which fell to 897.9 mln marks from
+981.1 mln, was also depressed by the 0.1 point fall in the
+interest margin to 1.9 pct.
+    A rise in the surplus on commission to 208.8 mln marks from
+188.1 mln was not enough to compensate for this.
+    The rise in total operating profits enabled BfG to step up
+risk provisions, with country risks particularly emphasised
+because of the continuing difficulties of some countries.
+    Disclosed risk provisions, which under West German
+accounting rules do not necessarily reflect the full amount,
+rose to 736.3 mln marks from 224.0 mln.
+    BfG's parent credit volume eased to 32.63 billion marks in
+1986 from 33.51 billion. Foreign debtors accounted for 24 pct
+of this credit volume, and Latin American debtors accounted for
+14.7 pct of total lending to foreigners.
+    BfG posted extraordinary earnings from the sale of 25.01
+pct of &lt;Volksfuersorge Deutsche Lebensversicherung AG>, 74.9
+pct of &lt;BSV Bank fuer Sparanlagen und Vermoegensbildung AG> and
+five pct of &lt;Allgemeine Hypothekenbank AG>. The sale was linked
+to AMB's acquisition of a majority of BfG.
+    These sales show up as 494.2 mln marks from profit transfer
+agreements and 326.5 mln from writing back risk provisions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16170" NEWID="10649">
+<DATE>29-MAR-1987 06:37:53.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0052&#31;reute
+r f BC-ISLAMIC-DEVELOPMENT-B   03-29 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISLAMIC DEVELOPMENT BANK LOANS FALL</TITLE>
+<DATELINE>    ISTANBUL, March 29 - </DATELINE><BODY>The Jeddah-based Islamic Development
+Bank (IDB) said in an annual report its loans during the last
+Islamic year fell 24 pct due to world economic recession.
+    Total financing approved by the bank for projects, trade,
+and technical and special assistance fell to 756.9 mln Islamic
+dinars in the year ended September 4, 1986, from 1,001.4 mln
+the previous year.
+    "Due to a general recession in the world economy, the demand
+for development funds was low and there was a scarcity of
+processable projects in most member countries during 1406
+(September 1985-86)," the report said.
+    It said a steep decline in oil prices had led to a major
+transfer of resources from oil-producing countries to
+industrial nations.
+    "The oil exporting member nations of the IDB faced a major
+adjustment problem arising from a sizable decline in oil prices
+and loss of export earnings, affecting their position as
+potential suppliers of capital," the report said.
+    Project financing and technical assistance loans fell to
+175.7 mln Islamic dinars in the year ended last September from
+269.4 mln the previous year.
+    The report said although there was a reduction in foreign
+trade financing loans in the past year due to a sharp decline
+in the price of oil and various primary commodities, the
+quantity financed in physical terms of imports was higher.
+    Foreign Trade financing declined to 572.8 mln dinars from
+668.2 million dinars the previous year. Disbursements of loans,
+including previously-approved loans, fell to 557.2 mln dinars
+from 783.9 mln.
+    The Bank in 1986 decided to establish a fund under the name
+"IDB Unit Trust" to introduce and market financial instruments in
+line with the principles of Islam, the report said.
+    "This experience will provide a foundation for the floating
+of other financial instruments in the near future through which
+the bank expects to mobilise even larger resources," the report
+said.
+    The IDB was established by the 46-member Islamic Conference
+Organisation and opened in October 1975.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16171" NEWID="10650">
+<DATE>29-MAR-1987 19:09:42.24</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0081&#31;reute
+f f BC-DOLLAR-OPENS-AT-A-REC   03-29 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOLLAR OPENS AT A RECORD LOW FOR TOKYO AT 145.80 YEN - DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16172" NEWID="10651">
+<DATE>29-MAR-1987 19:25:23.38</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0085&#31;reute
+f f BC-Bank-of-Japan-interve   03-29 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bank of Japan intervenes, buys dollars around 145.90-95 yen -- Tokyo dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16173" NEWID="10652">
+<DATE>29-MAR-1987 19:35:40.80</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0089&#31;reute
+f f BC-DOLLAR-FALLS-BELOW-14   03-29 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOLLAR FALLS BELOW 145.00 YEN IN TOKYO -- DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16174" NEWID="10653">
+<DATE>29-MAR-1987 20:04:54.88</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0095&#31;reute
+f f BC-BANK-OF-JAPAN-ALREADY   03-29 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF JAPAN ALREADY PURCHASED ONE BILLION DLRS IN MORNING INTERVENTION - DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16175" NEWID="10654">
+<DATE>29-MAR-1987 20:20:42.98</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0096&#31;reute
+b f BC-JAPAN-CENTRAL-BANK-BU   03-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CENTRAL BANK BUYS ONE BILLION DLRS IN TOKYO</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>The Bank of Japan has already purchased
+more than one billion dlrs in intervention since the opening
+and continues to buy the U.S. Currency, dealers said.
+    The central bank was supporting the dollar against the yen
+amid heavy selling pressure from investment trusts and
+securities houses which had pushed the dollar as low as 144.75
+yen earlier this morning, they said.
+    The dollar recovered slightly from the intervention and was
+trading around 145.00, they added.
+    It had opened in Tokyo at 145.80 yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16176" NEWID="10655">
+<DATE>29-MAR-1987 20:23:13.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0097&#31;reute
+f f BC-TOKYO-STOCK-MARKET-AV   03-29 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TOKYO STOCK MARKET AVERAGE PLUNGES 372.73 POINTS TO 21,805.29 -- BROKERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16177" NEWID="10656">
+<DATE>29-MAR-1987 20:53:19.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0112&#31;reute
+u f BC-NEW-ZEALAND-TREASURY   03-29 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND TREASURY BILL TENDER CANCELLED</TITLE>
+<DATELINE>    WELLINGTON, March 30 - </DATELINE><BODY>New Zealand's Reserve Bank said it
+has cancelled the regular weekly Treasury bill tender scheduled
+for tomorrow.
+    The bank said in a statement that it forecasts a small net
+cash injection into the system over the settlement week.
+    However, it said it will conduct open market operations
+during the week. After these the cash balance should fluctuate
+around 30 mln N.Z. Dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16178" NEWID="10657">
+<DATE>29-MAR-1987 20:59:12.69</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0114&#31;reute
+f f BC-Sumita-says-he-does-n   03-29 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Sumita says he does not repeat not expect dollar to fall further.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16179" NEWID="10658">
+<DATE>29-MAR-1987 21:01:49.02</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0115&#31;reute
+f f BC-Japan-will-continue-t   03-29 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan will continue to cooperate with other nations to stabilize dlr, Sumita
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16180" NEWID="10659">
+<DATE>29-MAR-1987 21:09:29.92</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0120&#31;reute
+b f BC-SUMITA-SAYS-HE-DOES-N   03-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITA SAYS HE DOES NOT EXPECT FURTHER DOLLAR FALL</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita
+said he does not expect the dollar to remain unstable and fall
+further.
+    He told a Lower House Budget Committee in Parliament that
+the Bank of Japan would continue to cooperate closely with
+other major nations to stabilize exchange rates.
+    The central bank has been keeping extremely careful watch
+on exchange rate movements since last week, he said.
+    He said the dollar would not continue to fall because of
+underlying market concern about the rapid rise of the yen.
+    Sumita said the currency market has been reacting to
+overseas statements and to trade tension between Japan and the
+U.S. Over semiconductors.
+    The yen's tendency to rise will prevent Japan from
+expanding domestic demand and undertaking necessary economic
+restructuring, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16181" NEWID="10660">
+<DATE>29-MAR-1987 21:26:47.30</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0136&#31;reute
+b f BC-DLR-FALLS-ON-FEAR-TOK   03-29 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DLR FALLS ON FEAR TOKYO WON'T HIKE DEMAND-MIYAZAWA</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said
+that the dollar's drop today to 145 yen is partly attributable
+to the perception inside and outside Japan that the country has
+failed to fulfill its promise to expand domestic demand.
+    He told a Lower House budget committee in Parliament that
+it was natural for other nations to think that Japan is not
+doing enough because of the delay in the passage of the 1987/88
+budget.
+    The budget has been delayed by opposition boycotts of
+Parliament to protest government plans for a new sales tax.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16182" NEWID="10661">
+<DATE>29-MAR-1987 21:45:43.77</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0153&#31;reute
+b f BC-JAPAN-CAREFULLY-CONSI   03-29 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CAREFULLY CONSIDERING MONEY POLICY -- SUMITA</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita
+said the central bank will carefully consider its monetary
+policy in light of the recent sharp fall of the dollar.
+    Asked if the Bank of Japan will consider a further cut in
+its discount rate, he said he now thinks the bank will have to
+carefully consider its future money policy.
+    He told a Lower House Budget Committee in Parliament that
+credit conditions have been eased by the five discount rate
+cuts by Japan since the beginning of last year.
+    Japan must now be especially careful about a flare-up in
+inflation, with money supply growth accelerating, he said.
+    Sumita said the central bank would continue to make a
+judgement on monetary policies while watching consumer prices,
+exchange rates and economic and financial conditions both in
+and outside Japan.
+    Asked if the September 1985 Plaza agreement was a failure
+because the dollar had fallen too far, Sumita said he still
+thought the pact was a good one in the sense that it had
+corrected the overvaluation of the dollar. But the Plaza accord
+did not set any target for the dollar's fall, he said.
+    The dollar's steep fall stems from the market's belief that
+the trade imbalance will continue to expand, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16183" NEWID="10662">
+<DATE>29-MAR-1987 21:52:00.62</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0156&#31;reute
+u f BC-PERU-SAYS-NEW-GOLD-DE   03-29 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU SAYS NEW GOLD DEPOSITS WORTH 1.3 BILLION DLRS</TITLE>
+<DATELINE>    LIMA, March 29 - </DATELINE><BODY>President Alan Garcia said Peru has found
+gold deposits worth an estimated 1.3 billion dlrs in a jungle
+region near the Ecuadorean border about 1,000 km north of here.
+    He told reporters the deposits, located at four sites near
+the town of San Ignasio, contained the equivalent of 100 tonnes
+of gold.
+    Garcia said the government would soon install a two mln dlr
+treatment plant at Tomaque. It will extract enough ore to
+provide an estimated 25 mln dlr profit by the end of this year,
+he added.
+    Garcia said the other gold-bearing deposits are located at
+Tamborapa, Pachapidiana and a zone between the Cenepa and
+Santiago rivers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16184" NEWID="10663">
+<DATE>29-MAR-1987 22:00:46.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0160&#31;reute
+u f BC-IRAN'S-NON-OIL-EXPORT   03-29 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN'S NON-OIL EXPORTS RISE 35 PCT IN YEAR</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Iran's non-oil exports were worth at
+least 750 mln dlrs in the year ended March 20, a 35 pct
+increase from the previous year, the national Iranian news
+agency IRNA reported.
+    IRNA, monitored in London, quoted a senior Industry
+Ministry official as saying non-oil exports included carpets,
+animal skins, pistachios, fruit and industrial goods.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16185" NEWID="10664">
+<DATE>29-MAR-1987 22:27:39.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0172&#31;reute
+u f BC-USSR-TO-HOLD-MULTI-CA   03-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR TO HOLD MULTI-CANDIDATE LOCAL ELECTIONS</TITLE>
+<DATELINE>    MOSCOW, March 30 - </DATELINE><BODY>The USSR will hold local council
+elections on June 21 at which voters in some districts will
+have a choice of candidates as part of an experiment in
+electoral reform, the Tass News Agency said.
+    The official agency said yesterday the selected districts,
+still to be chosen, would have a slate of several candidates,
+not all of whom could be elected, and voters would strike out
+the names of those they did not support.
+    Tass said candidates would have to win support from more
+than 50 pct of registered constituents to win seats.
+    Voting is compulsory in the Soviet Union.
+    In the past, official returns for elections at most levels
+in the Soviet government system have recorded 99 to 100 pct
+support for all candidates. Voters simply dropped the official
+ballot paper with the single candidate's name into an urn.
+    Tass said districts chosen for the experiment would return
+several deputies rather than a single representative to local
+council bodies.
+    The announcement followed pledges on electoral reform by
+Soviet leader Mikhail Gorbachev, campaigning to revitalise
+confidence in the communist system after what he has described
+as a period of stagnation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16186" NEWID="10665">
+<DATE>29-MAR-1987 22:32:21.86</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0175&#31;reute
+u f BC-BALDRIGE-PREDICTS-END   03-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE PREDICTS END OF U.S.-JAPAN TRADE DISPUTE</TITLE>
+<DATELINE>    WASHINGTON, March 29 - </DATELINE><BODY>The United States and Japan will
+soon settle their trade dispute over semiconductors, U.S.
+Commerce secretary Malcolm Baldrige said on television.
+    Baldrige, referring to the U.S.-Japan trade agreement on
+semiconductors, said: "Their government wants to live up to it.
+Their industries haven't been doing it, and I think we'll have
+a good settlement to spare both sides."
+    "I think the Japanese understand full well that they haven't
+lived up to this commitment," he said.
+    He added: "I do not think there will be a trade war at all."
+    On Friday, Washington announced plans to put as much as 300
+mln dlrs in tariffs on Japanese electronic goods from April 17,
+because of Tokyo's failure to observe the agreement.
+    The officials said the tariffs would be ended as soon as
+Japan started adhering to the agreement. But they said there
+was little chance Japan could react quickly enough to avert the
+higher tariffs.
+    Baldrige said the Reagan administration hoped the strong
+U.S. Action against Japan would convince Congress to tone down
+protectionist trade legislation now being drafted.
+    He denied the action had been taken for that reason.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16187" NEWID="10666">
+<DATE>29-MAR-1987 22:46:31.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0180&#31;reute
+u f BC-YAO-SAYS-CHINA-TO-RES   03-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YAO SAYS CHINA TO RESHUFFLE LEADERSHIP BY OCTOBER</TITLE>
+<AUTHOR>    By Stephen Nisbet, Reuters</AUTHOR>
+<DATELINE>    PEKING, March 30 - </DATELINE><BODY>A top level political reshuffle
+following the January removal of Communist Party chief Hu
+Yaobang will take place at a party conference later this year,
+Vice-Premier Yao Yilin said Saturday.
+    Yao told a news conference Zhao Ziyang would go on holding
+the jobs of Premier and acting Communist Party chief until the
+13th party congress, due to be held by October.
+    Yao gave the news conference in the Great Hall of the
+People along with Vice-Premiers Li Peng and Tian Jiyun, the two
+main contenders to succeed Zhao as Premier.
+    Western diplomats say Li, a technocrat who studied in the
+Soviet Union, is the most likely successor.
+    Li appeared to go out of his way to deny any special
+sympathy with Moscow. In answer to questions, he said he had
+never met Soviet leader Mikhail Gorbachev when both studied in
+the Soviet Union in the 1950s and had since met him on only two
+occasions, both of which had been reported in the news media.
+    Asked what China could learn fromn the Soviet economic
+system, Li said the main lesson was to avoid excessive
+centralism and rigid control over economic activities.
+    "We do not totally reject the planned economy, but we are
+opposed to rigid control in the planned economy which hampers
+initiative and enthusiasm of the grassroots enterprise," Li
+said.
+    On Taiwan, Yao repeated Chinese policy of not ruling out
+force to regain the nationalist-ruled island, but did not
+repeat an official statement earlier this week that the goal
+was to achieve reunification by the year 2000. "As for
+reunification, it is our hope that it will be achieved through
+peaceful means, but we have not eliminated the possibility of
+taking non-peaceful means to achieve that process," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16188" NEWID="10667">
+<DATE>29-MAR-1987 22:52:32.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0184&#31;reute
+u f BC-CHINA-SETS-UP-NEW-FIN   03-29 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA SETS UP NEW FINANCIAL INSTITUTION</TITLE>
+<DATELINE>    PEKING, March 30 - </DATELINE><BODY>China has set up a new nationwide
+financial institution which will handle foreign exchange and
+renminbi deposits and loans, leasing, investment, guarantees
+and bond issues, the People's Daily overseas edition said.
+    The new institution, &lt;Everbright Financial Co>, is a unit
+of state-owned &lt;Everbright Holding Co> of Peking, which has had
+a turnover of 500 mln dlrs since it was set up three years ago
+under the chairmanship of Wang Guangying, the paper said.
+    A Western banker said the creation of the new firm is a
+further step in making China's banking more competitive and
+breaking down the monopolies that existed previously.
+    He said the scope of the new firm will be similar to that
+of state-owned &lt;China International Trust and Investment Corp>
+(CITIC), which has been active in raising foreign funds and
+bringing foreign investment and technology to China.
+    CITIC is better known inside China, because most of
+Everbright's activities up to now have been abroad, the banker
+said. "The heads of both enjoy excellent relations with China's
+top leaders," he added.
+    The paper said Chen Muhua, president of the People's Bank
+of China, and Vice Premier Yao Yilin attended the firm's
+founding ceremony, an indication of highest-level approval.
+    The paper quoted Chen as saying at the ceremony that in
+1987 China will continue to deepen its economic reforms by such
+means as further reforming its financial system, enlivening
+currency markets and speeding up the circulation of funds.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16189" NEWID="10668">
+<DATE>29-MAR-1987 22:59:29.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0189&#31;reute
+u f BC-YUGOSLAVIA-TO-BUY-FIV   03-29 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA TO BUY FIVE U.S.-BUILT AIRLINERS</TITLE>
+<DATELINE>    BELGRADE, March 30 - </DATELINE><BODY>State-owned JAT-Jugoslav Airlines has
+signed a contract to buy five McDonnell Douglas Corp &lt;MD.N>
+MD-11 wide-bodied airliners for its longhaul routes, Tanjug
+news agency reported.
+    JAT will take delivery of the aircraft between 1991 and
+1994, the agency said.
+    The airline will also add two turboprop aircraft to its
+fleet in June and lease two McDonnell Douglas DC-10s by the
+beginning of the summer tourist season, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16190" NEWID="10669">
+<DATE>29-MAR-1987 23:01:17.26</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0190&#31;reute
+u f BC-IRAQ-SAYS-IRANIAN-OIL   03-29 0106</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+IRAQ SAYS IRANIAN OIL NETWORK ATTACKED
+    BAGHDAD, MarcKraq said its warplanes attacked the pipeline
+network through which oil is pumped to Iran's main oil terminal
+at Kharg Island in the northern Gulf.
+    "Large numbers of our warplanes attacked the installations
+where the pipelines .... Pump oil from Ganaveh to Kharg island,
+turning them into rubble and setting them ablaze ...," a
+military spokesman said.
+    He did not give the exact location of the area attacked but
+Ganaveh terminal is on the Iranian Gulf coast some 30 miles
+northeast of Kharg Island, which itself has been attacked at
+least 135 times since August 1985.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16191" NEWID="10670">
+<DATE>29-MAR-1987 23:07:24.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>poland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0192&#31;reute
+u f BC-POLISH-GOVERNMENT-HIK   03-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLISH GOVERNMENT HIKES FOOD, FUEL, ENERGY PRICES</TITLE>
+<DATELINE>    WARSAW, March 30 - </DATELINE><BODY>Poland's communist government raised
+food, fuel and energy prices but said it had taken an economic
+risk by reducing the scale of the increases under pressure from
+the country's official trade unions.
+    A communique broadcast on Saturday evening said food prices
+would rise on average by 9.3 pct, petrol, gas and electricity
+by 25 pct and coal by 50 pct.
+    The immediate increases will be followed by a rise of 10
+pct in the cost of meat from April 1. Some postal charges will
+go up 100 pct next month and rail and bus fares by 30 pct in
+October.
+    The government said its annual plan for the economy had
+specified a 13 pct increase in food prices this year.
+    "Economic reasoning calls for greater price rises than those
+which have been announced ... The government has taken an
+economic risk in accepting a portion of the trades unions'
+demands," the communique said.
+    The National Trade Union Alliance (OPZZ), which claims
+seven million members, warned earlier this month it would fight
+efforts to impose the original range of price rises. It said
+the rises would badly affect the lower paid and the old,
+despite government pledges to protect their purchasing power.
+    Solidarity leader Lech Walesa, whose banned organisation
+has been replaced by the OPZZ, condemned the increases in front
+of a crowd of 1,500 cheering supporters at St Brygida's Roman
+Catholic Church in the Baltic port of Gdansk.
+    "For the first time in six years (since Solidarity was
+banned), I say enough. For the first time, I am decidedly
+against. I am against price rises as being the only sign of
+reform," Walesa said.
+    "I am for reforms. I favour the reforms which (Soviet leader
+Mikhail) Gorbachev is carrying out  ... But I am not in favour
+of make-believe reforms," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16192" NEWID="10671">
+<DATE>29-MAR-1987 23:12:59.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0197&#31;reute
+u f BC-TIME-SAYS-REAGAN-KNEW   03-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIME SAYS REAGAN KNEW ARMS CASH WENT TO CONTRAS</TITLE>
+<DATELINE>    NEW YORK, March 29 - </DATELINE><BODY>Former National Security Adviser John
+Poindexter told President Reagan on two occasions in 1986 that
+profits from arms sales to Iran were being diverted to
+Nicaraguan rebels, according to a Time magazine report.
+    Poindexter resigned as head of the National Security
+Council (NSC) last November when the Reagan administration
+disclosed he was aware part of the profits from the arms sales
+were diverted to contra rebels in Nicaragua.
+    The report in Time quoted unnamed friends of Poindexter's
+as saying he felt he was following Reagan's orders and that he
+kept the president adequately informed.
+    "Indeed, he is likely to testify that on at least two
+occasions in 1986, he told Reagan in general terms that the
+contras were being helped as an ancillary or side benefit of
+the arms deal with Iran," Time said.
+    Reagan has repeatedly denied he knew anything about the
+diversion of arms sales profits to the contras.
+    In his nationally televised March 19 news conference Reagan
+told reporters Poindexter and fired NSC aide Oliver North "just
+didn't tell me what was going on."
+    Poindexter has been granted limited immunity so he can
+testify in congressional hearings on the affair.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16193" NEWID="10672">
+<DATE>29-MAR-1987 23:15:40.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0201&#31;reute
+u f BC-JAPAN-VTR-PRODUCTION   03-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN VTR PRODUCTION FALLS IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Japan's video tape recorder (VTR)
+production fell 10.4 pct from a year earlier to 2.18 mln sets
+in February for the third successive year-on-year drop,
+reflecting slow exports, the Electronic Industries Association
+of Japan said.
+    But February output was up 27.2 pct from a month earlier.
+    Colour television production rose 5.7 pct from a year
+earlier to 1.20 mln sets in February after 15 consecutive
+year-on-year drops. The February increase over a year ago
+reflected higher domestic sales. The production was up 38.5 pct
+from a month earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16194" NEWID="10673">
+<DATE>29-MAR-1987 23:31:23.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0212&#31;reute
+u f BC-U.S.-MACHINE-TOOL-ORD   03-29 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MACHINE TOOL ORDERS FELL 1.1 PCT IN FEB</TITLE>
+<DATELINE>    WASHINGTON, March 29 - </DATELINE><BODY>U.S. machine tool orders fell 1.1
+pct in February to 145.1 mln dlrs from a revised 146.7 mln dlrs
+in January, the National Machine Tool Builders Association
+said.
+    Last month the association reported the January total tool
+orders at 147.8 mln dlrs.
+    In its monthly statistical report, the tool industry trade
+association also said that February orders were off 31.0 pct
+from orders of 210.4 mln dlrs in February last year.
+    The association said metal-forming tool orders fell 13.3
+pct last month to 41.4 mln dlrs from a revised 47.7 mln dlrs in
+January, and were off 1.1 pct from 41.8 mln dlrs in February
+1986. Metal-cutting tool orders totaled 103.8 mln dlrs in
+February, up 4.9 pct from a revised 99.0 mln dlrs in January
+and 38.5 pct below the 168.6 mln dlrs in new orders for
+February 1986.
+    The association said the backlog of orders in February was
+1,210.7 mln dlrs, up 0.6 pct from the revised January backlog
+of 1,203.3 and 29.2 pct below the backlog in February last
+year.
+    The association said total shipments of machine tools fell
+6.8 pct last month to 137.7 mln dlrs from a revised 147.7 mln
+dlrs in January and were off 32.1 pct from the 202.7 mln dlrs
+in orders in February last year.
+    Last month the association reported the January total
+shipments of machine tools at 148.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16195" NEWID="10674">
+<DATE>29-MAR-1987 23:38:56.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0216&#31;reute
+u f BC-BTR-NYLEX-RAISES-OFFE   03-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BTR NYLEX RAISES OFFER FOR BORG-WARNER AUSTRALIA</TITLE>
+<DATELINE>    SYDNEY, March 30 - </DATELINE><BODY>&lt;BTR Nylex Ltd> said it will increase
+its takeover offer for Borg-Warner Corp's &lt;BOR> listed unit,
+&lt;Borg-Warner (Australia) Ltd> (BWA) to five dlrs each from four
+dlrs for all issued ordinary and preference shares.
+    The new offer values the diversified auto parts
+manufacturer's 27.22 mln ordinary shares and 13.22 mln first
+participating preference shares at 202.2 mln dlrs.
+    Formal documents will be sent to shareholders as soon as
+possible, it said in a brief statement.
+    BTR Nylex, which manufactures rubber and plastic products,
+first bid for BWA in late January.
+    As previously reported, Borg-Warner Corp, which owns 65 pct
+of BWA's ordinary shares and 100 pct of the preferences,
+advised a month ago that it would not accept the offer.
+    This meant BTR Nylex's 50.1 pct acceptance condition could
+not be met, BWA said in a statement reporting its parent's
+decision.
+    BWA advised shareholders to ignore the offer and said other
+parties had expressed interest in bidding for it.
+    But no other bid has yet emerged.
+    BTR Nylex is a 59.5 pct-owned listed subsidiary of
+Britain's BTR Plc &lt;BTRX.LON>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16196" NEWID="10675">
+<DATE>29-MAR-1987 23:43:02.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0220&#31;reute
+u f BC-JAPANESE-SEEN-LIGHTEN   03-29 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE SEEN LIGHTENING U.S. BOND HOLDINGS</TITLE>
+<AUTHOR>    By Yoshiko Mori, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>The dollar's tumble to a record low of
+144.70 yen in Tokyo today motivated some major Japanese
+investors to lighten their U.S. Bond inventory further and is
+expected to spur diversification into investment assets
+including foreign and domestic shares, dealers said.
+    The key U.S. 7-1/2 pct Treasury bond due 2016 fell to a low
+of 96.08-12 in early Tokyo trade against the 98.05-06 New York
+finish, then recovered to 96.20-22.
+    Some trust bank pension fund acccounts and investment
+trusts were seen selling several hundred million dollars on the
+foreign exchange market here today, accentuating the unit's
+tumble, securities house dealers said.
+    They seem undecided on what to do with the fresh yen cash
+positions resulting from their dollar sales today, and are
+sidelined until the currency market stabilises and the interest
+rates outlook clarifies, a Nikko Securities Co Ltd currency
+trader said.
+    The dollar's plunge and low yields on U.S. Bonds will
+further promote diversification into other foreign investments,
+as well as call back funds into the domestic bond and stock
+markets from overseas bond markets, securities bond managers
+said.
+    They said major Japanese investors in the past two years
+are estimated to have held 50 to 80 pct of their foreign
+portfolios in U.S. Bonds but many have lightened their U.S.
+Bond inventory to as low as 40 pct.
+REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16737" NEWID="10676">
+<DATE>30-MAR-1987 00:28:39.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0009&#31;reute
+u f BC-INVESTOR-GROUP-PUTS-P   03-30 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR GROUP PUTS PRESSURE ON GENCORP &lt;GY></TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>An investor group trying to acquire
+GenCorp Inc said it would move to unseat the board of directors
+and take other action if GenCorp refuses to discuss a 2.3
+billion dlr takeover bid.
+    General Acquisition Co, a partnership of Wagner and Brown
+and AFG Industries Inc &lt;AFG>, reiterated in a statement sent to
+GenCorp on Friday that it was willing to negotiate its earlier
+offer of 100 dlrs a share for the tire, broadcasting, plastics
+and aerospace conglomerate.
+    Analysts have speculated GenCorp could fetch at least 110
+to 120 dlrs per share if broken up.
+    GenCorp officials declined to comment on the statement, but
+a spokesman reiterated a request to shareholders to wait until
+the board renders an opinion before making a decision on the
+offer. GenCorp has said a statement would be made on or before
+the company's annual meeting on Tuesday.
+    General Acquisition said the board could not carry out its
+duties to shareholders and make an informed decision until it
+has, "... Explored with us the ways in which our offer can be
+revised to provide greater value to your shareholders."
+    General Acquisition added it was aware the board may be
+reviewing alternative transactions, which might provide GenCorp
+shareholders with a payment other than cash.
+    "If that is the case, you should recognise that our
+additional equity capital may very well enable us to offer cash
+and securities having greater value than GenCorp could provide
+in any similarly structured transaction," it said.
+    It added GenCorp's board had an obligation to present any
+alternative proposal to shareholders in a way that allowed
+competing offers.
+    General Acquisition requested it be given a chance to bid
+on a competitive and fair basis before any final decision was
+made on any other buyout proposal.
+    The statement repeated the request GenCorp remove a "poison
+pill" preferred share purchase rights to shareholders, making
+any takeover more expensive.
+    It said it might take legal action, or seek the support of
+shareholders in calling a special meeting to replace the board
+and consider other proposals.
+    GenCorp should not accept any other proposal containing
+defensive features, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16738" NEWID="10677">
+<DATE>30-MAR-1987 00:47:53.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0025&#31;reute
+b f BC-JAPAN-WANTS-GOVERNMEN   03-30 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN WANTS GOVERNMENTS TO BUY ITS T-BILLS</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>The Finance Ministry is trying to
+eliminate technical obstacles so as to encourage purchases of
+Japanese Treasury bills by foreign governments and central
+banks, in order to increase overseas holdings of yen assets, a
+senior Finance Ministry official said.
+    The official declined to give details but securities
+sources said they expect the 16 pct withholding tax on T-bills
+to be repaid immediately when governments and central banks buy
+bills. The current practice of filing tax redemption claims is
+time consuming, they said.
+    Securities houses here have had difficulty selling
+six-month debt-financing paper, called tankoku, to overseas
+governments and central banks because of the tax system and the
+Bank of Japan's book entry system, which demands the accounts
+be kept with the houses rather than by the Bank.
+    Tankoku, introduced in February 1986, were designed as a
+key short-term instrument to promote internationalization of
+the yen. But since the introduction of a complicated book-entry
+system for bill purchases in January 1986, foreign governments
+and central banks have shied away from buying the bills, the
+sources said.
+    Foreign governments and central banks are therefore
+expected to be allowed to hold their accounts at the Bank of
+Japan, the securities sources said.
+    Relevant measures are likely to be announced at the next
+U.S.-Japan yen-dollar committee meeting on the deregulation of
+Tokyo's financial market, expected in May, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16739" NEWID="10678">
+<DATE>30-MAR-1987 00:50:32.37</DATE>
+<TOPICS><D>nickel</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0026&#31;reute
+u f BC-SUMITOMO-MINING-&lt;SMIT   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITOMO MINING &lt;SMIT.T> RAISES NICKEL OUTPUT</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Sumitomo Metal Mining Co said it will
+raise its monthly nickel output to around 1,750 tonnes from
+April 1 from 1,650 now because of increased domestic demand,
+mainly from stainless steel makers.
+    Sumitomo produced 1,800 tonnes of a nickel a month until
+end-1986, but cut output in January because of stagnant demand,
+a company official said.
+    Calendar 1987 production is likely to fall to around 20,000
+tonnes from 22,000 in 1986 as a result of the first quarter
+reduction, he said.
+    Sumitomo is Japan's only nickel producer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16740" NEWID="10679">
+<DATE>30-MAR-1987 00:52:36.53</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0027&#31;reute
+f f BC-Nakasone-says-major-n   03-30 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Nakasone says major nations committed in Paris to stable dlr above 150 yen
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16741" NEWID="10680">
+<DATE>30-MAR-1987 00:55:38.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0028&#31;reute
+u f BC-JAPAN-VEHICLE-EXPORTS   03-30 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN VEHICLE EXPORTS FALL IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Japanese vehicle exports fell 8.2 pct in
+February from January to 530,066, the Japan Automobile
+Manufacturers Association said.
+    February exports fell 6.8 pct from a year earlier after a
+6.8 pct year-on-year rise in January, the first growth since
+June 1986, when they rose 4.4 pct from a year earlier.
+    February exports included 361,285 cars, down 6.3 pct from a
+year earlier, 165,770 trucks, down 8.6 pct, and 3,011 buses, up
+51.4 pct.
+    Exports to the U.S. Fell to 226,942 in February from
+259,272 a year earlier, while those to the European Community
+rose to 141,095 from 121,050.
+    The EC figure included 63,387 vehicles to West Germany, up
+from 41,821, but exports to Britain fell to 20,554 from 28,536.
+    Shipments to South-east Asia fell to 33,957 from 41,960 and
+those to the Middle East fell to 15,828 from 25,278.
+    Japan's motorcycle exports rose 18 pct from January to
+177,115 in February, but fell 25.9 pct from a year earlier, the
+12th consecutive year-on-year drop.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16742" NEWID="10681">
+<DATE>30-MAR-1987 00:57:35.31</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0030&#31;reute
+f f BC-Miyazawa-says-major-n   03-30 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Miyazawa says major nations have intervened aggressively since dlr fell below 150 yen
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16743" NEWID="10682">
+<DATE>30-MAR-1987 01:01:21.52</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0032&#31;reute
+u f BC-paton-roastings   03-30 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PATON REPORTS U.S. GREEN COFFEE ROASTINGS HIGHER</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>U.S. roastings of green coffee in the
+week ended March 21 were about 250,000 (60-kilo) bags,
+including that used for soluble production, compared with
+195,000 bags in the corresponding week of last year and about
+300,000 bags in the week ended March 14, George Gordon Paton
+and Co Inc reported.
+    It said cumulative roastings for calendar 1987 now total
+3,845,000 bags, compared with 4,070,000 bags by this time last
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16744" NEWID="10683">
+<DATE>30-MAR-1987 01:02:39.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0035&#31;reute
+f f BC-TOKYO-STOCKS-PLUNGE-5   03-30 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TOKYO STOCKS PLUNGE 502.98 TO 21,675.04 DUE TO YEN RISE AGAINST DOLLAR -- BROKERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16745" NEWID="10684">
+<DATE>30-MAR-1987 01:03:30.23</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D><D>uk</D><D>usa</D><D>france</D><D>canada</D><D>west-germany</D></PLACES>
+<PEOPLE><D>nakasone</D><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0036&#31;reute
+b f BC-G-6-WANTS-TO-HOLD-DLR   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-6 WANTS TO HOLD DLR ABOVE 150 YEN - NAKASONE</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone said
+that Japan and other industrialized nations committed
+themselves in Paris last month to stabilize the dollar above
+150 yen.
+    He told a Lower House Budget Committee in Parliament that
+the six nations have taken measures, including market
+intervention, to support the dollar above that level.
+    Finance Minister Kiichi Miyazawa told the same committee
+that the six - Britain, Canada, France, Japan, the U.S. And
+West Germany - had intervened aggressively since the dollar
+fell below 150 yen.
+    Miyazawa said major nations are trying hard to stabilize
+exchange rates.
+    Asked if there had been any change in the fundamentals of
+each nation since the February 22 Paris accord, he said he did
+not think the fundamentals themselves had changed
+substantially.
+    But he said the market is sensitively looking at what is
+happening in major nations. He did not elaborate.
+    Miyazawa added that it was difficult to say why there has
+been such speculative dollar selling in the market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16746" NEWID="10685">
+<DATE>30-MAR-1987 01:14:40.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0039&#31;reute
+f f BC-BASF-1986-world-group   03-30 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BASF 1986 world group pre-tax profit 2.63 billion marks vs 3.04 billion
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16747" NEWID="10686">
+<DATE>30-MAR-1987 01:19:30.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0040&#31;reute
+b f BC-STOCKS-PLUNGE-IN-LATE   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOCKS PLUNGE IN LATE TOKYO TRADE</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Stocks plunged sharply just before the
+close of trade as the yen's continued rise against the dollar
+and Friday's order by President Reagan to impose weighty duties
+on key Japanese export sectors prompted investors to evacuate
+their stock holdings, brokers said.
+    At 1456 local time the index had slumped 502.98 to
+21,675.04, the day's low. On Saturday the index rose 151.36 to
+a record high of 22,178.02.
+    Brokers said today's decline was led by selling of
+multinational export companies' shares.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16748" NEWID="10687">
+<DATE>30-MAR-1987 01:24:44.65</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0043&#31;reute
+u f BC-AUSTRALIAN-SUGAR-AREA   03-30 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN SUGAR AREAS SAID RECEIVING SOME RAIN</TITLE>
+<DATELINE>    SYDNEY, March 30 - </DATELINE><BODY>Dry areas of the Australian sugar cane
+belt along the Queensland coast have been receiving just enough
+rain to sustain the 1987 crop, an Australian Sugar Producers
+Association spokesman said.
+    The industry is not as worried as it was two weeks ago, but
+rainfall is still below normal and good soaking rains are
+needed in some areas, notably in the Burdekin and Mackay
+regions, he said from Brisbane.
+    Elsewhere, in the far north and the far south of the state
+and in northern New South Wales, the cane crop is looking very
+good after heavy falls this month, he said.
+    The spokesman said it is still too early to tell what
+effect the dry weather will have on the size of the crop, which
+is harvested from around June to December.
+    He said frequent but light falls in the areas that are
+short of moisture, such as Mackay, mean they really only need
+about three days of the region's heavy tropical rains to
+restore normal moisture to the cane.
+    But rainfall in the next two or three weeks will be crucial
+to the size of the crop in the dry areas, he said.
+    "It's certainly not a disastrous crop at this stage but it
+might be in a month without some good falls," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16749" NEWID="10688">
+<DATE>30-MAR-1987 01:24:53.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0044&#31;reute
+b f BC-BASF-AG-&lt;BASF.F>-1986   03-30 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASF AG &lt;BASF.F> 1986 YEAR</TITLE>
+<DATELINE>    LUDWIGSHAFEN, West Germany, March 30 - </DATELINE><BODY>Year to December 31.
+    World group pre-tax profit 2.63 billion marks vs 3.04
+billion.
+    World group turnover 40.47 billion vs 44.38 billion.
+    World group investment in fixed assets 2.66 billion vs 2.46
+billion.
+    Parent company pre-tax profit 1.97 billion vs 1.91 billion.
+    Parent turnover 18.72 billion vs 20.46 billion.
+    Parent domestic turnover 7.10 billion vs 8.14 billion.
+    Parent foreign turnover 11.62 billion vs 12.32 billion.
+    Parent investment in fixed assets 1.14 billion vs 884 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16750" NEWID="10689">
+<DATE>30-MAR-1987 01:43:34.74</DATE>
+<TOPICS><D>money-fx</D><D>yen</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0051&#31;reute
+u f BC-JAPAN-ISOLATED,-YEN-R   03-30 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ISOLATED, YEN RISES, WORLD FEELS CHEATED</TITLE>
+<AUTHOR>    By Eric Hall, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Japan is becoming dangerously isolated
+again as the U.S. And Europe feel they have been cheated by
+Japanese promises to switch from export to domestic-led growth,
+officials and businessmen from around the world said.
+    As the dollar today slipped to a record low below 145 yen,
+making Japanese exporters and holders of dollar investments
+grit their teeth harder, Finance Minister Kiichi Miyazawa said
+there was a perception Japan had reneged on its promise.
+    The problem goes deep and centres on misunderstandings by
+both sides over the key Maekawa report of April, last year.
+    The document was prepared by a private committee formed by
+Prime Minister Yasuhiro Nakasone and led by former Bank of
+Japan head Haruo Maekawa. It recommended that to stop friction
+due to its large trade surpluses, Japan must "make a historical
+transformation in its traditional policies on economic
+management and the nation's lifestyle. There can be no further
+development for Japan without this transformation."
+    Americans and Europeans took the report to heart and have
+looked in vain for clear signs of this historic change. But the
+Japanese remain doubtful about the short, or even medium term
+prospects of totally transforming their economic habits.
+    The bubble of frustration against what appears as Japanese
+prevarication burst last week. The U.S. Said it intended to
+raise tariffs of as much as 300 mln dlrs on Japanese exports to
+the U.S. On the grounds Japan had abrogated a bilateral
+semiconductor pact.
+    British Prime Minister Margaret Thatcher threatened to
+block Japanese financial firms from London after the Japanese
+placed what the British say are restrictive conditions on a bid
+by British firm Cable and Wireless to join a domestic
+telecommunications joint venture.
+    On Friday, European currency dealers said European central
+banks, annoyed at restrictive Japanese trade practises, might
+leave Japan alone to intervene to staunch the rise of the yen.
+    Eishiro Saito, head of top Japanese business group
+Keidanren, spotted the dangers inherent in such contradictory
+views last November when he visited the European Community.
+"Related to this matter of (trade) imbalance, the point that I
+found to be of great cause for alarm during this trip to Europe
+was the excessive degree of hope placed by the Europeans in the
+results of the Maekawa report," he said.
+    "We explained that the process of restructuring the economy
+away from its dependence on exports toward a balance between
+domestic and external demand...Would take time," Saito said.
+    Saito's words were ignored. In February, EC Industrial
+Policy Director Heinrich von Moltke came to Japan and said "I
+only know that your government, under the leadership of
+Maekawa, points to restructuring your economy into a less
+outward looking, more inward looking one. It is the Maekawa
+report which has attracted the most attention in Europe."
+    And Europeans and Americans want quick action. "A far better
+answer than protectionism would be structural change within the
+Japanese economy, the kind suggested by the Maekawa report. And
+we hope to see changes occur in the near future," visiting
+Chairman of General Motors Roger Smith said in March.
+    Such expectations are now ingrained, which was partly the
+fault of Nakasone, who heralded Maekawa's report as a sea of
+change in Japanese affairs, said U.S. Officials.
+    Months before the report was issued, U.S. And EC business
+leaders met their Japanese colleagues to discuss the trade
+problem.
+    "We are more anxious than ever that the new approach of the
+Maekawa committee does lead to speedy and effective action,"
+said EC Industrial Union leader Lord Ray Pennock.
+    "The important implication of the Maekawa report is that it
+is finally looking to let Japanese enjoy the fruits of their
+labour," said Philip Caldwell, Senior Managing Director of
+Shearson Lehman Brothers.
+    Contents of the report were leaded well ahead of issuance.
+    Japanese officials say they are implementing the report as
+fast as they can, said a European ambassador who has travelled
+the country asking about this issue.
+    He said People mentioned many things in line with the
+spirit of the report, including restructuring of the coal and
+steel industries.
+    A major misunderstanding is that the private report was
+government policy. Europeans are confused about this,
+underlined by von Moltke's reference to the "leadership" of the
+Maekawa report. Even so, Japanese officials point to last
+September's government programme of new economic measures.
+"Without endorsing the report as policy, officials point out
+that the government has put its signature to a programme
+designed to implement the report," the ambassador said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16751" NEWID="10690">
+<DATE>30-MAR-1987 02:03:41.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0073&#31;reute
+b f BC-JAPAN-SEEKS-RECORD-LO   03-30 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SEEKS RECORD LOW 4.7 PCT APRIL BOND COUPON</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>The Finance Ministry said it proposed to
+the underwriting syndicate a record low 4.7 pct coupon on the
+10-year government bond to be issued in April, down from the
+previous record low five pct March issue.
+    The bond would be priced at 99.75 to yield 4.736 pct
+compared with 99.50 and 5.075 pct in March, and proposed issue
+volume is 1,400 billion yen against 475 billion, it said.
+    The syndicate is expected to accept the terms immediately,
+underwriters said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16752" NEWID="10691">
+<DATE>30-MAR-1987 02:23:42.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0105&#31;reute
+u f BC-SSANGYONG-CONSTRUCTIO   03-30 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SSANGYONG CONSTRUCTION RAISES 48 MLN U.S. DOLLARS</TITLE>
+<DATELINE>    HONG KONG, March 30 - </DATELINE><BODY>&lt;Ssangyong Construction Co Ltd> of
+South Korea has signed a 48.3 mln U.S. Dlr financing package to
+fund the construction of a hotel and commercial complex in
+Jakarta, the agent, Wardley Ltd, said.
+    The package, guaranteed by the parent firm, &lt;Ssangyong
+Cement Industrial Co Ltd>, includes a 25 mln dlr medium term
+loan, a five mln dlr revolving letter of credit facility and an
+18.3 mln dlr bonding facility. The three year loan carries
+interest at 1/2 point over three or six month Singapore
+interbank offered rate (Sibor). The LC facility costs 10 basis
+points over Sibor and the bonding facility 50 basis points.
+    The facility is being lead managed by Hongkong and Shanghai
+Banking Corp. Managers are Arab Banking Corp, Bank of Nova
+Scotia, Gulf International Bank, Istituto Bancario San Paolo di
+Torino, National Bank of Kuwait, Standard Chartered Asia Ltd
+and Sumitomo Finance (Asia) Ltd. Co-managers are Australian
+European Finance Corp Ltd and Cho Heung Bank.
+    A Wardley spokesman said the loan was well received by
+international banks which have a keen appetite for increasingly
+scarce Korean assets. The loan was approved by the Korean
+Finance Ministry because it is for use outside Korea and will
+not raise the country's indebtedness, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16753" NEWID="10692">
+<DATE>30-MAR-1987 02:36:06.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0113&#31;reute
+f f BC-Woolworth-Holdings-sa   03-30 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Woolworth Holdings says it bidding 244 mln stg for Superdrug stores
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16754" NEWID="10693">
+<DATE>30-MAR-1987 02:40:49.05</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>prawiro</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0123&#31;reute
+u f BC-INDONESIA-LIMITS-OIL   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA LIMITS OIL PRICE IMPACT-FINANCE MINISTER</TITLE>
+<DATELINE>    JAKARTA, March 30 - </DATELINE><BODY>Indonesia has minimised the economic
+impact of falling oil prices, kept inflation within limits and
+boosted exports, Finance Minister Radius Prawiro said.
+    Indonesia was badly hit by last year's steep plunge in
+crude prices, which cut revenue from oil exports by half.
+    But Prawiro was quoted by Indonesian newspapers as telling
+President Suharto that inflation was kept to around nine pct in
+the financial year ending tomorrow, against around 4.3 pct the
+previous year.
+    Exports were estimated to have risen by seven pct, he said,
+although he did not give complete figures.
+    The depressed economy forms the main backdrop to general
+elections next month in Indonesia, a major producer of rubber,
+palm oil, tin, timber and coffee.
+    Prawiro said 1986/87 had also been difficult because of the
+appreciation of currencies like the yen and the mark against
+the dollar, which increased Indonesia's debt repayments.
+    He said the economy would have suffered more from the world
+economic recession if the government had not devalued the
+rupiah by 31 pct last September.
+    In an editorial on the economic outlook, the Jakarta Post
+said the government must press ahead with measures to
+deregulate the economy to help boost non-oil exports.
+    The English-language daily said bigger export earnings were
+needed to finance not only imports but also the country's
+growing foreign debt, estimated at around 37 billion dlrs.
+    "About 50 pct of our foreign debt obligations fall due
+within the next three to five years and will steadily increase
+the debt servicing burden," the paper said.
+    However, end-investors were seen bargain hunting in
+expectation of a further yen interest rate decline, dealers
+said.
+    Most dealers were cautious in the face of the dollar's
+nosedive today and the possibility of a U.S. Interest rate
+rebound to halt further dollar depreciation.
+    A 4.7 pct coupon and volume of 1,400 billion yen for the
+April 10-year bond proposed by the Finance Ministry this
+afternoon were taken favourably by the market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16755" NEWID="10694">
+<DATE>30-MAR-1987 02:42:54.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0127&#31;reute
+b f BC-WOOLWORTH-BIDS-244-ML   03-30 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOOLWORTH BIDS 244 MLN STG FOR SUPERDRUG</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Woolworth Holdings Plc &lt;WLUK.L> said it
+would make a 244 mln stg agreed bid for &lt;Superdrug Stores Plc>
+valuing the company's shares at about 696p each.
+    The offer would be made on the basis of 17 new Woolworth
+ordinary shares for every 20 in Superdrug.
+    Woolworth said it had received acceptances from the holders
+of 61 pct of Superdrug shares.
+    The bid is Woolworth's second attempt in recent months to
+acquire a retail chemist chain. Earlier this year it negotiated
+a possible bid for &lt;Underwoods Plc> buit the talks were broken
+off two weeks ago.
+    Full acceptance of the offer would involve the issue of
+about 29.8 mln new Woolworth shares, or 14 pct of the enlarged
+share capital. A cash alternative would offer 646p for each
+share in Superdrug. Members of the Goldstein family have
+accepted the offer for 11.7 mln shares, which have not been
+underwritten.
+    Another major shareholder, Rite Aid Corp's Rite Investments
+Corp unit, had accepted the offer for 9.9 mln shares, and would
+take the cash alternative for 9.0 mln of these.
+    In the year to end-January, Woolworth reported pretax
+profits sharply higher at 115.3 mln stg after 81.3 mln
+previously.
+    In the year to end-February, Superdrug reported pretax
+profits of 12.26 mln after 10.36 mln previously on turnover
+that rose to 202.9 mln from 164.3 mln. Superdrug shares firmed
+to 670p from 480p on Friday. Woolworth eased to 813p from 830p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16756" NEWID="10695">
+<DATE>30-MAR-1987 02:46:37.74</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0131&#31;reute
+u f BC-JAPAN-HAS-LITTLE-NEW   03-30 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN HAS LITTLE NEW TO OFFER IN MICROCHIP DISPUTE</TITLE>
+<AUTHOR>    By Linda Sieg, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>The Japanese government appears to have
+little new to offer to settle a dispute with the U.S. Over
+computer chips, trade analysts and government officials said.
+    The U.S. Has threatened to impose tariffs worth up to 300
+mln dlrs on Japanese electronics exports to the U.S., In
+retaliation for Japan's alleged failure to keep a pact on the
+microchip trade signed last September.
+    A Foreign Ministry official told Reuters "Japan has done
+what it can, and now we must persuade the United States to wait
+for those steps to take effect."
+    The U.S. Alleges that, in defiance of the September
+agreement, Japan is still selling microchips at below cost in
+non-U.S. Markets and refusing to open Japan further to U.S.
+Chip sales. U.S. Tariffs are due to take effect on April 17.
+     Analysts noted Japan's Ministry of International Trade and
+Industry (MITI) has already ordered chipmakers to cut
+production in order to dry up the source of cheap chips sold in
+third countries at non-regulated prices.
+    "I'm not sure MITI can do much more than it has," said
+Jardine Fleming (Securities) Ltd analyst Nick Edwards.
+    A MITI official said the Ministry was not planning to call
+for production cuts beyond those already sought, although it
+would continue to press chip users to buy more foreign goods.
+    Spokesmen for some Japanese electronics firms said they
+would consider buying more U.S. Chips. But a Matsushita
+Electric Industrial Co spokesman said a rapid increase in
+imports was not likely.
+    Most analysts said Japanese exporters would be hard hit if
+the United States did implement the tariffs, which would be
+levied on consumer electronics products rather than on
+microchips themselves.
+    "If the tariffs remain in place for any length of time,
+there will be complete erosion of exports to the United States,"
+said Tom Murtha, analyst at James Capel and Co.
+    "The Japanese electronics industry is too powerful to be
+stopped altogether, but recovery for the industry will be
+delayed for another year," he said.
+    Some analysts said tariffs would also harm U.S. Industry by
+stepping up offshore production and by reducing demand in Japan
+for semiconductors U.S. Firms are trying to sell here.
+    "The American approach is full of contradictions," Jardine
+Fleming's Edwards said.
+    "If they want to expand (U.S.) exports, the last thing they
+want to do is hit the makers of the final products because that
+hurts the final market," Edwards said.
+    But other analysts said the dispute reflects not just U.S.
+Concern over what it sees as a strategic industry, but also
+frustration with Japan's vast trade surplus. Some analysts
+argued that to solve the semiconductor problem Japan may have
+to take action beyond that pledged in the semiconductor pact.
+    Carole Ryavec, an analyst at Salomon Brothers Asia Ltd,
+said "The major overall issue is to stimulate the domestic
+economy and move away from an export-dependent economy."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16757" NEWID="10696">
+<DATE>30-MAR-1987 02:52:29.67</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>hong-kong</D><D>japan</D><D>uk</D><D>france</D><D>west-germany</D><D>canada</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0141&#31;reute
+u f BC-H.K.-DEALERS-SAY-NAKA   03-30 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. DEALERS SAY NAKASONE G-6 COMMENT TOO LATE</TITLE>
+<AUTHOR>    By Joshua So, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, March 30 - </DATELINE><BODY>Remarks by Japan's Prime Minister
+Yasuhiro Nakasone that last month's G-6 meeting agreed to
+stabilize the dollar above 150 yen have come too late to
+influence currency trading, dealers said.
+    After Nakasone's statement the dollar rose to 146.40/50 yen
+from an initial low of 144.20/40 and New York's Friday finish
+of 147.15/25. But the rebound was largely on short-covering,
+they said.
+    "I think (Nakasone's) desperate," said a U.S. Bank foreign
+exchange manager.
+    Nakasone told a Lower House Budget Committee in Parliament
+that Japan and other industrialized nations committed
+themselves in Paris last month to stabilize the dollar above
+150 yen.
+    Finance Minister Kiichi Miyazawa told the same committee
+that the six - Britain, Canada, France, Japan, the U.S. And
+West Germany - had intervened aggressively since the dollar
+fell below 150 yen.
+    "His (Nakasone) remarks should have been made and should
+have had a bigger influence when the dollar was still above 150
+yen," said P.S. Tam of Morgan Guaranty Trust.
+    Tam said the dollar has hit short-term chart targets  and
+is likely to rebound. But he warned of another dip to below 145
+yen.
+    Dealers said the worsening trade relations between the U.S.
+And Japan will continue to depress the dollar.
+    The trade issue has now become a political issue since the
+Reagan Administration is facing uproar in Congress over
+th3pYgks in cutting the country's 169.8 billion dlr trade
+deficit, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16758" NEWID="10697">
+<DATE>30-MAR-1987 03:02:08.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0153&#31;reute
+u f BC-JAPANESE-KEEN-TO-ENTE   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE KEEN TO ENTER GERMAN PRIMARY BOND MARKET</TITLE>
+<AUTHOR>    By Alice Ratcliffe, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 30 - </DATELINE><BODY>Japanese securities houses and banks
+are eager to enter the market for lead-management of mark
+eurobonds when the ban on Japanese institutions is lifted, but
+the entry may be difficult, Japanese bankers said.
+    Most Japanese securities houses and banks established here
+said they have concrete plans to enter lead-management
+business, as soon as terms are cleared, probably this year.
+    Japan's largest bank, The Dai-Ichi Kangyo Bank Ltd, is also
+considering expanding its business here, bankers said.
+    Japanese banks were excluded from lead management of mark
+eurobonds when the Bundesbank opened that market to foreign
+banks in May 1985, due to the lack of reciprocity for German
+banks in the Japanese market.
+    Last year, the Japanese began a slow opening by granting
+West German banks investment licences.
+    Pressure on Tokyo stepped up last week when U.K. Government
+sources said Britain may revoke the licences of some Japanese
+banks and securities firms operating in London when they come
+up for renewal if progress is not made towards opening Japan's
+markets to foreign competition.
+    A spokesman for the Dai-Ichi Kangyo representative office
+here said the bank was naturally considering options such as
+expanding its mark securities trading operations to Frankfurt.
+    Sources at the bank's London branch said the bank was
+already seriously planning such a move.
+    Expanding secondary operations would also improve the
+placement capacity of Japanese houses intending to move into
+lead management of mark eurobonds.
+    But even Japanese banks already established in secondary
+markets here face a host of problems in lead management. One is
+finding borrowers.
+    One banker at Nikko Securities Co Ltd's The Nikko
+Securities Co (Deutschland) GmbH said the cost of mark issues
+may be too high for some Japanese firms.
+    "For the moment, for Japanese borrowers, marks are
+expensive," he said. Many prefer Swiss francs or eurodollars.
+    A Japanese borrower with a five-year equity warrant
+eurodollar bond issued at 2-1/2 pct can now swap into domestic
+yen rates of one pct. But mark swap opportunities are limited.
+    In addition, many Japanese companies are committed already
+to large German banks.
+    To avoid souring relations with German banks they now
+cooperate with, Japanese houses may prefer finding borrowers so
+far not seen in the mark sector.
+    Names may include Sanyo Electric Co Ltd and Nishimatsu
+Construction Co Ltd, which both count Yamaichi Securities Co
+Ltd as their house bank, or Hokkaido Electric Power Co Inc,
+which recently gave a presentation here with the Industrial
+Bank of Japan's unit here.
+    Japanese banks are also faced with finding local personnel,
+which is not easy. "They are definitely going to have a manpower
+problem," one Swiss banker said.
+    Swiss and American banks had no trouble attracting top
+German managers. But Japanese cultural differences will be
+harder for Germans to overcome. Success may depend on whether
+Japanese parents allow German subsidiaries independence to
+operate without interference.
+    Once established, more problems are expected if extra
+competition shaves margins.
+    Extra competition could cut management fees in the mark
+sector. Separate management and underwriting fees common here
+may also be eroded, which now make German underwriting business
+profitable compared with other centres.
+    A few banks are unsure if they really want to get involved
+in the business. "I don't think Sumitomo has 100-pct concrete
+plans at this moment unless there is a new development," a
+banker at the West German commercial branch of Sumito Bank Ltd
+in Duesseldorf said.
+    Apart from the commercial branch in Duesseldorf Sumitomo
+has a rep office in Frankfurt, but both are primarily engaged
+in commercial banking. If Sumitomo were to set up a securities
+operation, it would have to set up a full subsidiary, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16759" NEWID="10698">
+<DATE>30-MAR-1987 03:09:15.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>north-korea</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0168&#31;reute
+b f BC-NORTH-KOREA-AGREES-TO   03-30 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH KOREA AGREES TO TOP LEVEL TALKS WITH SOUTH</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>North Korea said it agreed to a South
+Korean proposal for talks between the prime ministers of the
+two countries, and proposed a preparatory meeting on April 23.
+    The state-run North Korean Central News Agency, monitored
+here, said Pyongyang signalled its agreement in a letter sent
+by North Korean prime minister Li Gun-Mo to his southern
+counterpart Lho Shin-Yong.
+    Lho proposed that the two prime ministers meet for talks in
+a letter on March 17.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16760" NEWID="10699">
+<DATE>30-MAR-1987 03:10:12.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0169&#31;reute
+u f BC-ARBED-SA-&lt;ARBB.BR>-YE   03-30 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARBED SA &lt;ARBB.BR> YEAR 1986</TITLE>
+<DATELINE>    LUXEMBOURG, March 30 - </DATELINE><BODY>Net profit 890 mln Luxembourg francs
+vs 1.12 billion.
+    Turnover 57.8 billion francs vs 65.3 billion.
+    Cash flow 5.72 billion francs vs 6.70 billion.
+    Steel production 3.74 mln tonnes, down seven pct.
+    Board will decide on April 24 whether to pay a dividend. No
+dividend has been paid since 1984.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16761" NEWID="10700">
+<DATE>30-MAR-1987 03:22:30.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0178&#31;reute
+u f BC-TOKYO-STOCK-EXCHANGE   03-30 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO STOCK EXCHANGE CUTS TRADING HOURS</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>The Tokyo Stock Exchange said it cut
+trading time from today by 30 minutes to inhibit volume after
+recent trade turnover records.
+    The cut extends the lunch break to 1115 to 1330 local time
+(0315 to 0530 GMT) from 1115 to 1300 local time (0315 to 0500
+GMT) and follows record turnover of 2.6 billion shares on
+Friday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16762" NEWID="10701">
+<DATE>30-MAR-1987 03:29:11.32</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0189&#31;reute
+u f BC-JAPAN-ACTIVELY-BOUGHT   03-30 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ACTIVELY BOUGHT U.S. CORN LAST WEEK - TRADE</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Japanese feed and starch makers actively
+bought U.S. Corn last week, C and F basis, for July/September
+shipment in view of bullish freight rates following active
+inquiries by the Soviet Union, trade sources said.
+    Some said the makers were seen buying some 30 pct of their
+requirements, estimated at about three mln tonnes for the
+three-month shipment period.
+    "Belief is growing that freight rates will not decline
+sharply from current high levels even in the usually sluggish
+summer season because the Soviet Union's chartering is seen
+continuing five to seven months from April," one source said.
+    The sources said Japanese trading houses were seen covering
+a total of 500,000 tonnes of Chinese corn for shipment in May
+to October. But they are believed to have not yet sold most of
+the corn to end-users in anticipation of further corn price
+rises in the world market.
+    Supply from Argentina and South Africa for July/September
+is still uncertain. But the sources forecast supplies from
+Argentina may fall to 400,000 to 500,000 tonnes from an
+anticipated 800,000 in calendar 1987 and from South Africa to
+700,000 to 800,000 tonnes from an estimated one mln in light of
+tighter export availability.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16763" NEWID="10702">
+<DATE>30-MAR-1987 03:36:13.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0197&#31;reute
+u f BC-ARBED-SEES-NEED-TO-MA   03-30 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARBED SEES NEED TO MAINTAIN PRESSURE ON COSTS</TITLE>
+<DATELINE>    LUXEMBOURG, March 30 - </DATELINE><BODY>The recent deterioration in the
+steel market makes it important for Arbed SA &lt;ARBB.BR> to
+maintain efforts to reduce costs, the company said in a
+statement.
+    It reported that its competitive position had weakened
+considerably in the second half of 1986, leading to a seven pct
+cut in steel output over the whole of the year to 3.74 mln
+tonnes.
+    Arbed had managed to make a 890 mln franc net profit,
+slightly down from the 1.12 billion profit in 1985, thanks to
+lower raw material costs and prudent management, the company
+said.
+    Arbed said the early months of 1987 had seen the market
+deteriorate further, but the decision of the European Community
+to maintain anti-crisis measures, at least provisionally,
+should under normal circumstances have a beneficial effect.
+    EC ministers have agreed to extend a quota production
+system while discussions continue on an industry plan for
+capacity reductions.
+    Arbed said in current conditions, cost cutting efforts
+remain necessary to avoid any weakening of resources which have
+been built up over the last three years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16764" NEWID="10703">
+<DATE>30-MAR-1987 03:43:39.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0209&#31;reute
+u f BC-BASF-&lt;BASF.F>-SAYS-19   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASF &lt;BASF.F> SAYS 1986 RESULTS AFFECTED BY DLR</TITLE>
+<DATELINE>    RPT --LUDWIGSHAFEN, West Germany, March 30 - </DATELINE><BODY>BASF AG said
+the volatile currency situation last year, particularly the
+fall of the dollar, led to sharp drops in turnover denominated
+in marks and to price reductions for exports from domestic
+production.
+    But in a statement accompanying year-end figures, the group
+said it expected satisfactory business development over the
+next months. "At the moment we do not expect any extraordinary
+influences such as there were last year," it said. Orders in
+hand and incoming orders were steady at a high level.
+    BASF reported 13.6 pct lower 1986 world group pre-tax
+profit at 2.63 billion marks compared to 1985.
+    The unusual situation on the crude oil market last year
+also produced a clear sales slide in the oil and gas sector and
+forced price declines for petrochemical products, BASF said.
+    The fall in pre-tax profit corresponded to the losses on
+stocks in the oil and gas sector at the beginning of 1986. In
+the parent company, the positive earnings development
+continued, it said, where pre-tax profit rose by 3.2 pct to
+1.97 billion marks. The decline in parent company turnover was
+balanced out by increased capacity use and price declines in
+raw materials. 
+    In 1986, world group turnover was off 8.8 pct at 40.47
+billion marks compared to 1985, BASF said. Parent turnover fell
+8.5 pct to 18.72 billion.
+    Turnover increases, with the exceptions of the sectors fine
+chemicals and informations systems, had only been achieved in
+those areas widened last year through acquisition in 1985.
+    Results from these had been taken only partly into the
+fourth quarter of that year but fully included in 1986 data.
+    So far in the current year, the investment volume of the
+parent company and the world group is exceeding that in 1986,
+BASF said, without giving concrete figures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16765" NEWID="10704">
+<DATE>30-MAR-1987 03:45:19.60</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0215&#31;reute
+u f BC-BAHRAIN-INTRODUCES-NE   03-30 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAHRAIN INTRODUCES NEW MONEY MARKET REGIME</TITLE>
+<DATELINE>    BAHRAIN, March 30 - </DATELINE><BODY>Bahrain is introducing a new domestic
+money market regime to provide dinar liquidity aid centred on
+the island's newly launched treasury bill programme.
+    The Bahrain Monetary Agency has issued a circular to all
+commercial banks outlining a new policy from April 1 which
+gives liquidity aid through sale and repurchase agreements in
+treasury bills, or through discounting them.
+    The circular, released officially to Reuters, said current
+arrangements for providing liquidity aid will no longer be
+valid except "in quite exceptional circumstances."
+    Under the current system, the agency provides the island's
+20 commercial banks with dinar liquidity by means of short-term
+swaps against U.S. Dollars and, less frequently, by short-term
+loans secured against government development bonds.
+    "The agency considers that it is now appropriate to replace
+these operations with short-term assistance based on Government
+of Bahrain treasury bills," the circular to banks states.
+    The agency said it will repurchase treasury bills with a
+simultaneous agreement to resell them to the same bank at a
+higher price which will reflect an interest charge.
+    The agency said it envisages the repurchase agreements will
+normally be for a period of seven days.
+    Bahrain launched a weekly tender for two mln dinars of
+91-day treasury bills in mid-December last year and has since
+raised a total of 26 mln dinars through the programme.
+    Bahrain's commercial banks are currently liquid and have
+been making little use of the traditional dollar swaps offered
+by the agency. But banking sources said the new regime from
+April 1 will mean banks cannot afford not to hold treasury
+bills in case they need funds from the central bank.
+    Banking sources said more than half of the 20 banks hold
+treasury bills, although the need by others to take up paper
+could increase demand at weekly tenders and push down allotted
+yields slightly.
+    Last week's yield was six pct, although the programme had
+started at the end of last year with rates as low as 5.60 pct.
+    Banking sources said the cost of liquidity through
+repurchase accords will not differ much from that on dollar
+swaps. But a bank using dollars to obtain liquidity would
+foresake interest on the U.S. Currency while the underlying
+treasury bill investment is unaffected in a repurchase accord.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16766" NEWID="10705">
+<DATE>30-MAR-1987 03:48:44.87</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>japan</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0222&#31;reute
+u f BC-JAPAN-BUYS-LARGE-AMOU   03-30 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS LARGE AMOUNT OF BRAZILIAN SOYBEANS</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Japanese crushers have bought some
+214,000 tonnes of Brazilian soybeans for late April/early July
+shipment and may buy up to 140,000 to 190,000 tonnes more for
+June to August shipment, trade sources said.
+    Japan imported 128,089 tonnes of Brazilian beans in
+calendar 1986, Finance Ministry customs-cleared statistics
+show.
+    The sources said Brazilian beans were cheaper than U.S.
+Origin which may account for the heavy purchases, but added
+there were concerns about deliveries from Brazil in the near
+term due to labour problems there.
+    The Japanese purchases comprise 30,000 tonnes for April
+20/May 10 shipment, 102,000 for May, 15,000 for late May/early
+June, 36,000 for June, and 31,000 for late June/early July
+shipment, the sources said.
+    As a result of the large volumes of Brazilian beans
+purchased, Japanese crushers will buy a total of only 150,000
+tonnes of U.S. Beans for May shipment. Some 100,000 of this
+shipment has already been purchased, the sources added.
+    They said crushers bought some 270,000 to 280,000 tonnes of
+U.S. Beans for April shipment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16767" NEWID="10706">
+<DATE>30-MAR-1987 03:56:08.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0233&#31;reute
+u f BC-WESTPAC-CALLS-FOR-CUT   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTPAC CALLS FOR CUT IN AUSTRALIAN BUDGET DEFICIT</TITLE>
+<DATELINE>    SYDNEY, March 30 - </DATELINE><BODY>A maximum budget deficit of 2.5 billion
+dlrs for fiscal 1987/88 ending June 30 is needed if financial
+markets are to be impressed with the government's resolve to
+tackle Australia's economic problems, Westpac Banking Corp
+&lt;WSTP.S> said.
+    This compares with the budgeted deficit of 3.5 billion dlrs
+for the current 1986/87 year although the market expects the
+actual shortfall to be some 500 mln dlrs higher.
+    In its latest Economic Review, Westpac said powerful
+arguments could be advanced for eliminating the deficit
+altogether next year or even budgeting for a modest surplus.
+    Westpac said such a policy would deliver the message the
+government was determined to face deep-seated economic
+problems. But it said it would be a great deal to expect of a
+government in what was probably an election year.
+    It said even a relatively minor cut in the deficit would
+require some unpleasant decisions, noting a repeat of the
+1986/87 budget's zero real growth in spending would only bring
+the deficit to about 4.3 billion dlrs.
+    A cut of greater than two pct in real terms was needed if a
+2.5 billion dlr deficit was to be achieved and this required
+some radical surgery to existing programs, the bank said.
+    Westpac said the government's mid-May mini-budget provided
+an opportunity for bold measures, both in relation to the size
+of the government's role in the economy and the principles
+governing that activity, notably indexation of outlays.
+    It said official figures show 93 pct of outlays in some way
+indexed, hard to justify when living standards outside the
+public sector were being eroded.
+    In current circumstances, the alternative to fiscal
+discipline is the sure road to bigger external debts, further
+currency depreciation, a boost to inflation and, ultimately,
+capital flight, the bank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16768" NEWID="10707">
+<DATE>30-MAR-1987 03:56:37.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0235&#31;reute
+r f BC-CORRECTION---PARIS--   03-30 0054</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - PARIS - FRENCH PUBLIC SECTOR
+    In Sunday's item "French public sector to get five billion
+francs," the first paragraph of the second take should read
+    800 mln francs of investment for industrial modernisation
+and 800 mln for high-tech industries...
+    (correcting from 800,000 francs for each sector)
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16769" NEWID="10708">
+<DATE>30-MAR-1987 04:00:09.97</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0240&#31;reute
+r f BC-DUTCH-MONEY-SUPPLY-HA   03-30 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH MONEY SUPPLY HARDLY CHANGED IN DECEMBER</TITLE>
+<DATELINE>    AMSTERDAM, March 30 - </DATELINE><BODY>Dutch seasonally adjusted M2 money
+supply was hardly changed in December at 169.49 billion
+guilders compared to 169.56 billion in November, Central Bank
+data show.
+    The figure was 2.6 pct higher than in December 1985.
+    In November, M2 fell 1.9 pct from its level in October and
+was 3.9 pct above its level a year before.
+    Seasonally adjusted M1 money supply was also hardly changed
+at 97.21 billion guilders in December, compared to 97.05
+billion guilders in November. It was up 9.4 pct on its level a
+year before.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16770" NEWID="10709">
+<DATE>30-MAR-1987 04:03:50.65</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0246&#31;reute
+u f BC-SINGAPORE-WELCOMES-NE   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE WELCOMES NEW LME ALUMINIUM CONTRACT MOVE</TITLE>
+<DATELINE>    SINGAPORE, March 30 - </DATELINE><BODY>Singapore welcomed the London Metal
+Exchange's (LME) decision to list Singapore as a delivery point
+for the LME's new dollar-denominated aluminium contract.
+    Tay Thiam Peng, manager for international trading at the
+Trade Development Board, said the decision would boost
+Singapore's image as a major delivery port.
+    "We hope this will encourage more metal traders to set up
+shop here and that Singapore can become a delivery port for
+other metals as well," he said.
+    The new contract, to start trading on June 1, is LME's
+first dollar-contract.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16771" NEWID="10710">
+<DATE>30-MAR-1987 04:05:58.92</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0252&#31;reute
+b f BC-BANK-OF-ENGLAND-FOREC   03-30 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND FORECASTS SURPLUS IN MONEY MARKET</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>The Bank of England said it forecast a
+liquidity surplus of around 100 mln stg in the money market
+today.
+    Among the main factors affecting liquidity, exchequer
+transactions will add some 985 mln stg to the system today
+while a fall in note circulation and bankers' balances above
+target will add around 360 mln stg and 110 mln stg
+respectively.
+    Partly offsetting these inflows, bills for repurchase by
+the market will drain some 785 mln stg while bills maturing in
+official hands and the treasury bill take-up will remove about
+546 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16772" NEWID="10711">
+<DATE>30-MAR-1987 04:08:42.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0255&#31;reute
+b f BC-BANK-OF-JAPAN-TO-SELL   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 500 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>The Bank of Japan will sell 500 billion
+yen of financing bills via a 32-day repurchase agreement to
+help mop up a money market surplus of around 1,750 billion yen
+tomorrow, short-term money houses said.
+    The bill, to mature on May 2, will produce a 3.8995 pct
+yield on the sales, made by the Bank of Japan to banks and
+seucurities houses through money houses, they said.
+    The repurchase agreement yield compares with the 3.9375 pct
+one-month commercial bill discount rate today and the 4.40 pct
+rate on one-month certificates of deposit.
+    The surplus is due largely to government tax allocations to
+local governments and public entities at the end of fiscal
+1986/87 tomorrow.
+    The operation will put outstanding bill supplies at about
+2,500 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16773" NEWID="10712">
+<DATE>30-MAR-1987 04:10:57.62</DATE>
+<TOPICS><D>oilseed</D><D>coconut</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0263&#31;reute
+u f BC-PHILIPPINE-COCONUT-AG   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE COCONUT AGENCY GETS NEW ADMINISTRATOR</TITLE>
+<DATELINE>    MANILA, March 30 - </DATELINE><BODY>Newly-installed Philippine Coconut
+Authority Chairman Jose Romero has announced the appointment of
+lawyer Leandro Garcia as administrator, replacing Colonel Felix
+Duenas who is returning to military duty.
+    The new constitution does not allow military men to hold
+positions in civilian agencies.
+    Duenas and four other military men who were assigned to the
+authority in 1978, will return to the ministry of defence where
+they worked prior to their appointments at the coconut agency.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16774" NEWID="10713">
+<DATE>30-MAR-1987 04:16:11.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0270&#31;reute
+u f BC-CORRECTION---TOKYO-ST   03-30 0043</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - TOKYO STOCK EXCHANGE CUTS HOURS
+    In the Tokyo story headlined "TOKYO STOCK EXCHANGE CUTS
+TRADING HOURS" please read in the second paragraph " ... From
+1100 to 1300 ... " instead of " ... From 1115 to 1300 ... "
+correcting closing time.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16775" NEWID="10714">
+<DATE>30-MAR-1987 04:18:41.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0273&#31;reute
+u f BC-TESCO-BUYS-5.4-PCT-OF   03-30 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TESCO BUYS 5.4 PCT OF HILLARDS</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Tesco Plc &lt;TSCO.L> said &lt;County Bank
+Ltd> had bought 165,000 shares in &lt;Hillards Plc> on its behalf,
+increasing its stake to 5.4 pct. The shares were bought at
+313.25p each.
+    Tesco is making an opposed 151 mln stg bid for Hillards.
+    Hillards shares at 0900 GMT were quoted one penny firmer at
+317p while Tesco was one penny easier at 479p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16776" NEWID="10715">
+<DATE>30-MAR-1987 04:18:57.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0274&#31;reute
+u f BC-ROYALE-BELGE-&lt;RBVB.BR   03-30 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYALE BELGE &lt;RBVB.BR> YEAR 1986</TITLE>
+<DATELINE>    BRUSSELS, March 30 - </DATELINE><BODY>Non-consolidated net profit 3.435
+billion francs vs 2.330 billion.
+    Turnover 39.3 billion francs (no direct comparison)
+    Own funds 20 billion francs vs 9.2 billion after transfer
+of 1.28 billion francs from profits and 8.5 billion from sale
+of securities.
+    Note - company said the figure is slightly lower because
+French branches have become group subsidiaries).
+    Proposed net dividend on ordinary shares 100 francs,
+including 20 franc supplement due to the exceptional character
+of results, vs 71.9 francs.
+    Note - Company was created in May 1986 by the merger of
+(Royale Belge Vie-Accidents) and (Royale Belge
+Incendie-Reassurance).
+    Vie-Accidents shareholders received eight new shares and
+Incendie-Reassurance shareholders six for every share held in
+the old companies.
+    Comparisons are therefore company calculations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16777" NEWID="10716">
+<DATE>30-MAR-1987 04:29:11.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0291&#31;reute
+u f BC-SRI-LANKAN-MINISTER-S   03-30 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKAN MINISTER SEEKS LOAN FACILITY FROM IMF</TITLE>
+<DATELINE>    COLOMBO, March 30 - </DATELINE><BODY>Finance and Planning Minister Ronnie De
+Mel has left for Washington to discuss Sri Lanka's request for
+an International Monetary Fund (IMF) loan facility of up to 6.5
+billion rupees, ministry officials told Reuters.
+    They said De Mel will propose to IMF officials that Sri
+Lanka trim its budget deficit and control its balance of
+payments by cutting back on development projects and other
+government spending. He hopes to get approval for a structural
+adjustment facility and compensatory financing facility
+starting in June. De Mel will also attend a Washington meeting
+of the Group of 24 from April 5 to 8.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16778" NEWID="10717">
+<DATE>30-MAR-1987 04:31:23.83</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0293&#31;reute
+u f BC-JAPANESE-SHIPYARDS-TO   03-30 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE SHIPYARDS TO FORM CARTEL, CUT OUTPUT</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Japan's ailing shipyards have won
+approval from the Fair Trade Commission to form a cartel to
+slash production to about half of total capacity for one year,
+effective April 1, industry sources said.
+    The approval follows an act of parliament passed last week
+designed to help the industry regroup and shed 20 pct of
+capacity by March 31, 1988, Transport Ministry officials said.
+    The cartel, comprising 33 yards capable of constructing
+ships of more than 10,000 gross tonnes, will limit newbuilding
+output to a maximum of three mln compensated gross registered
+tonnes in 1987/88, the Shipbuilders Association of Japan said.
+    Industry sources said the 33 will seek to renew the cartel
+in 1988/89 in the belief demand will remain sluggish.
+    Last week's temporary act of parliament also allows
+shipbuilders to receive favourable taxation terms plus up to 50
+billion yen in compensation for liabilities incurred through
+job losses and the sale of excess capacity.
+    Up to 30 billion yen has been allocated for purchasing
+redundant land and equipment from shipbuilders.
+    The Ministry will start drawing up its restructuring
+guidelines from April 1 and the yards will implement the
+guidelines from September, industry sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16779" NEWID="10718">
+<DATE>30-MAR-1987 04:34:30.95</DATE>
+<TOPICS><D>money-fx</D><D>rupiah</D><D>dmk</D><D>yen</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0298&#31;reute
+u f BC-INDONESIAN-RUPIAH-SLI   03-30 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN RUPIAH SLIPS AGAINST MARK AND YEN</TITLE>
+<DATELINE>    JAKARTA, March 30 - </DATELINE><BODY>The Indonesian rupiah has held steady
+since its 31 pct devaluation against the dollar six months ago,
+but has slipped against the mark and to a lesser extent against
+the yen, according to central bank figures.
+    In the past month, the rupiah has fallen five pct against
+the yen. Today's middle rate per 100 yen was 1,129.78 against
+1,075.20 at end-February and 1,058.6 at devaluation in
+September.
+    Bank Indonesia's quoted rate for the dollar, the main
+currency for Indonesia's oil and gas exports, was 1,644.0
+today, the same rate fixed at the time of devaluation.
+    The rate for the West German mark was 913.28 today, a sharp
+drop from September when it was 786.06.
+    The British pound has risen to 2,657.93 against 2,429.83.
+   The value of the rupiah is set daily against a basket of
+currencies by the central bank.
+    The rise in the value of the mark and the yen has hit
+Indonesia by increasing its debt servicing levels. Its total
+disbursed foreign debt is estimated by the World Bank at 37
+billion dlrs.
+    Japan is one of Indonesia's key trading partners, taking
+half its oil exports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16780" NEWID="10719">
+<DATE>30-MAR-1987 04:37:16.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0306&#31;reute
+b f BC-GILLETTE-CANADA-ISSUE   03-30 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GILLETTE CANADA ISSUES 500 MLN FRENCH FRANC BOND</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Gillette Canada Inc is launching a 500
+mln French franc bond, due April 30, 1992, paying nine pct and
+priced at 101-5/8, Banque Paribas said on behalf of Banque
+Paribas Paris, the lead manager.
+    Morgan Guaranty Ltd will co-lead manage the issue, which
+will be sole in denominations of 10,000 francs and be listed in
+Luxembourg.
+    Fees are 1-1/4 pct for selling and 5/8 pct for management
+and underwriting combined. The bonds are non-callable and
+payment is April 29.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16781" NEWID="10720">
+<DATE>30-MAR-1987 04:41:02.96</DATE>
+<TOPICS><D>oilseed</D><D>coconut</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0314&#31;reute
+u f BC-PHILIPPINE-COCONUT-IN   03-30 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE COCONUT INDUSTRY WORRIED BY EC TAX</TITLE>
+<DATELINE>    MANILA, March 30 - </DATELINE><BODY>Philippine coconut oil exports to Europe
+would be virtually wiped out if the European Community (EC)
+implements a new tax on vegetable oils, Philippine Coconut
+Authority (PCA) chairman Jose Romero said.
+    But he told reporters he did not think the EC would impose
+the tax because of objections from the U.S.
+    "There's just so much flak coming from many countries,
+spearheaded by the United States, whose soybean exports would
+be adversely affected. This would spark a trade war," he said.
+    The tax, to be imposed from July, would add about 375 dlrs
+a tonne to vegetable oils entering the EC.
+    The Philippines exported 43,540 tonnes of coconut oil worth
+11.7 mln dlrs to Europe in January, against total exports of
+86,959 tonnes worth 23.8 mln. It also exports copra and copra
+meal.
+    Agriculture Secretary Carlos Dominguez has also raised
+objections to the proposed EC tax.
+    He said it could cause the collapse of world demand and
+prices and destroy the domestic industry.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16782" NEWID="10721">
+<DATE>30-MAR-1987 04:44:15.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0326&#31;reute
+u f BC-WALLENBERG-GROUP-RAIS   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALLENBERG GROUP RAISES STAKE IN ERICSSON</TITLE>
+<DATELINE>    STOCKHOLM, March 30 - </DATELINE><BODY>Sweden's Wallenberg group said it
+raised its holding in telecommunications maker Telefon AB L.M.
+Ericsson &lt;eric.St.> to 37.5 of the voting rights from 28.9 pct.
+    The move by the Knut and Alice Wallenberg Foundation, one
+of the institutions at the core of the group of companies
+formed by the late industrialist Marcus Wallenberg, further
+consolidated group control over one of its key firms, analysts
+said.
+    The foundation now controls 14.1 pct of Ericsson's voting
+rights with 22.3 pct held by the group's investment companies
+&lt;AB Investor> and &lt;Forvaltnings AB Providentia>.
+    The move comes after the Wallenberg group fought off a
+hostile takeover bid earlier this month for match and packaging
+conglomerate Swedish Match AB &lt;smbs.St> from arms and chemical
+concern Nobel Industrier AB &lt;NOBL.ST> by increasing its stake
+in Swedish Match to 85 pct from 33 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16783" NEWID="10722">
+<DATE>30-MAR-1987 04:46:26.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0333&#31;reute
+u f BC-GKN-REORGANISES-JOINT   03-30 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GKN REORGANISES JOINT VENTURE</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>&lt;GKN Plc> said it and &lt;Zahnradfabrik
+Friedrichshafen AG> would reorganise the ownership structure of
+their &lt;Viscodrive GmbH> joint venture.
+    Under the agreement, GKN's Uni-Cardan AG unit would
+increase its stake in Viscodrive to 75 pct from 50 pct, while
+ZF's stake would drop to 25 pct.
+     At the same time ZF would take an 80 pct stake in a new
+company, &lt;Steertec Lenkungen GmbH> leaving Uni-Cardan with 20
+pct.
+    Viscodrive manufactures viscous control units while
+Steertec will develop power steering systems.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16784" NEWID="10723">
+<DATE>30-MAR-1987 04:51:15.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>comecon</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0343&#31;reute
+r f BC-YUGOSLAVIA-TO-HELP-PR   03-30 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA TO HELP PRODUCE NEW SOVIET AIRLINER</TITLE>
+<DATELINE>    BELGRADE, March 30 - </DATELINE><BODY>Yugoslavia said it has been asked to
+participate in the production of a new Soviet airliner -- the
+Ilyushin 114.
+    The official Tanjug news agency said this was decided at a
+meeting in Havana of officials of the Soviet-led trade group
+Comecon. Yugoslavia is a communist nonaligned state, belonging
+neither to the Warsaw Pact or the Western alliance, Nato, but
+it enjoys preferential trading status in Comecon.  Under the
+deal, Yugoslavia will produce several major parts, including
+the landing gear, for the new medium-range 80-passenger
+Ilyushin airliner, Tanjug said. No financial details were
+disclosed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16785" NEWID="10724">
+<DATE>30-MAR-1987 04:52:07.90</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0347&#31;reute
+b f BC-FRENCH-FEBRUARY-INFLA   03-30 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FEBRUARY INFLATION CONFIRMED AT 0.2 PCT</TITLE>
+<DATELINE>    PARIS, March 30 - </DATELINE><BODY>French retail prices rose a confirmed 0.2
+pct in February, in line with provisional figures released two
+weeks ago showing a rise of between 0.1 and 0.2 pct, the
+National Statistics Institute said.
+    The rise compared with a 0.9 pct rise in January.
+    Year-on-year retail price inflation was confirmed at 3.4
+pct for February compared with a three pct rise year-on-year in
+January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16786" NEWID="10725">
+<DATE>30-MAR-1987 04:52:17.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0348&#31;reute
+u f BC-PHILIPPINE-DEBT-PACT   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE DEBT PACT SEEN AS GOOD FOR ECONOMY</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 30 - </DATELINE><BODY>The Philippines' restructuring of 13.2
+billion dlrs of foreign debt will provide a welcome boost for
+the economy, but last Friday's accord with the country's
+12-bank advisory committee does not imply an overnight boom,
+bankers and businessmen polled by Reuters said.
+    "The successful negotiations form an important piece in the
+mosaic," Christian Roeher, Secretary-General of the European
+Chamber of Commerce, said. "Now is really the time for the
+government to start implementing its ideas. There has been a
+lot of talking and loud thinking."
+    Business leaders said the 17-year rescheduling of
+commercial bank debt would give President Corazon Aquino some
+badly-needed breathing space, but warned her government was
+still in the midst of political consolidation.
+    "There is a lot of interest among foreign investors in the
+country, but now they are waiting to see what happens in the
+congressional and local elections later this year," said
+American Chamber of Commerce president George Drysdale.
+    The government is serious about getting down to work, but
+there are many individual agendas for growth and no consensus.
+But each step brings a unanimity of opinion closer, he said.
+    Aurelio Periquet, President of the Philippine Chamber of
+Commerce and Industry, told Reuters the debt accord had
+positively translated the international banking community's
+confidence in the country's economy and Aquino's government.
+    "This government needs less pressure and more time and
+happily our creditors seem to see it that way," he said. "This
+accord may not result in an immediate boom, but at least it
+enhances the image of the country for foreign investors."
+    But Periquet said domestic and foreign investments fell
+short of targets in 1986. "The accord does not solve all our
+problems," he added.
+    Periquet said the question of political stability no longer
+worried Filipino businessmen, who had already started expanding
+existing businesses or investing in new areas.
+    "A number of us have already put in new money and there are
+plans for the export market," he said. "President Aquino has
+shown her ability to pull the nation out of one crisis after
+another."
+    Roeher said foreign investment would probably be held back
+until after the congressional polls in May and the local
+elections in August. "The two elections will probably have a
+more decisive effect on the way business reacts," he said.
+    "Some foreign companies are not waiting, but they are more
+the exception than the rule," Roeher said.
+    He said it was important the government ensure the creation
+of more jobs was not just a transitory development.
+    "The absorption of enormous aid given to the Philippines is
+also poor. A lot of it has not been put to use. The government
+should act without further delay to absorb the 1.7 billion dlrs
+of development aid it will receive in 1987," he said.
+    A foreign banker close to the debt negotiations said he did
+not foresee any real boom until 1989.
+    "The problem is that Aquino has inherited her political
+system from (former President Ferdinand) Marcos," the banker
+said. "There is still a clamour for the sharing of benefits,
+different sectors claiming their rights and duties. If they go
+too fast there could be another bust two years down the road."
+    Businessman Raul Concepcion, whose brother Jose is the
+country's trade and industry minister, said everyone could
+heave a sigh of relief. "Now that the debt agreement is out of
+the way, our economic and financial officials can concentrate
+on their work, like increasing government revenue and
+efficiency," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16787" NEWID="10726">
+<DATE>30-MAR-1987 05:00:41.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0368&#31;reute
+r f BC-TORAY-INDUSTRIES-NAME   03-30 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORAY INDUSTRIES NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Toray Industries Inc &lt;TORT.T>, Japan's
+top synthetic fibre maker, named managing director Katsunosuke
+Maeda as president, effective April 16.
+    Current president Yoshikazu Ito will become chairman.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16788" NEWID="10727">
+<DATE>30-MAR-1987 05:02:21.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0370&#31;reute
+u f BC-UAE-CENTRAL-BANK-CD-Y   03-30 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE CENTRAL BANK CD YIELDS HIGHER</TITLE>
+<DATELINE>    ABU DHABI, March 30 - </DATELINE><BODY>Yields on certificates of deposit
+offered by the United Arab Emirates central bank were higher
+than last Monday's offering, the bank said.
+    One-month maturity rose 1/16 point to 6-3/16 pct, two-month
+1/8 point to the same level, and three- and six-month issues
+3/16 point to 6-1/4 pct each.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16789" NEWID="10728">
+<DATE>30-MAR-1987 05:02:39.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0371&#31;reute
+u f BC-CREDIT-AGRICOLE-OFFER   03-30 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT AGRICOLE OFFERS TO SWAP BONDS</TITLE>
+<DATELINE>    PARIS, March 30 - </DATELINE><BODY>Credit Agricole announced an offer to
+swap the 1,889,000 francs of bonds outstanding on its original
+4.25 mln franc, 10-year, 14 pct July 1980 issue for its new
+four billion franc, two tranche, 8.30 pct, 1987 issue.
+    The swap will be on the basis of two 2,000 franc nominal
+1980 bonds for one 5,000 franc nominal bond of the 1987 issue.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16790" NEWID="10729">
+<DATE>30-MAR-1987 05:05:02.76</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0375&#31;reute
+u f BC-SRI-LANKA-TO-UPROOT-O   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKA TO UPROOT OR BUD DISEASED RUBBER TREES</TITLE>
+<AUTHOR>    By Marilyn Odchimar, Reuters</AUTHOR>
+<DATELINE>    COLOMBO, March 30 - </DATELINE><BODY>Sri Lanka will uproot rubber trees that
+are more than two years old and affected by the leaf disease
+corynespora, the head of the government's Rubber Research
+Institute told Reuters.
+    Rodney De Mel said affected trees less than two years old
+would undergo base-budding -- attaching a clone as close as
+possible to the trunk's base and cutting off the top of the
+tree once the bud has taken. Uprooted or base-budded trees
+mature later, causing an output loss estimated at 350 kilos per
+hectare from the sixth year when they begin producing.
+    About 7,000 acres are planted with the high yielding RIC
+103 variety, the clone afflicted by corynespora.
+    Only about 2,000 acres are affected by the disease, which
+causes leaves to fall off, De Mel said.
+    Sri Lanka has 508,000 acres planted with rubber trees.
+    De Mel said the disease was detected in nurseries as early
+as in middle 1985, but it was only in August-September 1986
+that it became widespread.
+    The Institute is conducting a survey to determine how many
+trees will be uprooted or base-budded. Healthy trees will be
+sprayed and remain under observation.
+    T.P. Lilaratne, head of the government's Rubber Controller
+Department, which monitors the industry, told Reuters
+replanting and base-budding would have to be undertaken before
+late May when the monsoon rains begin.
+    De Mel said clones in the nurseries which are susceptible
+to corynespora, identified as RIC 103, RIC 52, RIC 104, RIC
+106, RIC 107 and RIC 118, will be uprooted and burned.
+    The same procedures will be undertaken for the foreign
+clones indentified as NAB 12, RRIM 725, FX25, PPN 2444, PPN
+2447, KRS 21 and PPN 2058.
+    Lilaratne said the susceptible clones would be replaced by
+PB 86, RRIM 600, RRIC 110, RRIC 121, RIC 100 and RIC 102.
+    These six varieties would also be used to replace trees
+uprooted or base-budded, De Mel said.
+    Lilaratne said planters would receive 10,000 rupees per
+hectare for replanting and plants would be free of charge.
+    "But no compensation is contemplated at the moment," he
+added.
+    De Mel said a drought in Sri Lanka has helped control the
+spread of the disease.
+    "The drought has not stopped the disease, but probably
+helped in some way because trees have not been affected in
+areas that are dry," he said.
+    Brokers said the disease had not affected prices because it
+has not caused a drop in production.
+    Prices for the best latex crepe at the Colombo auction last
+week firmed to 20.19 rupees per kilo from 20.05 rupees at the
+previous sale.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16791" NEWID="10730">
+<DATE>30-MAR-1987 05:13:02.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0387&#31;reute
+b f BC-KANSALLIS-OSAKE-PANKK   03-30 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSALLIS-OSAKE-PANKKI LAUNCHES 100 MLN DLR BONDS</TITLE>
+<DATELINE>    HELSINKI, March 30 - </DATELINE><BODY>Finland's &lt;Kansallis-Osake-Pankki>
+said in a statement it is issuing 100 mln dlrs subordinated
+bonds due 1994 with equity warrants in international markets
+with maximum interest rate of 4-5/8 pct.
+    Pricing will probably be April 7, the statement said.
+    The new issue could raise the bank's share capital by 200
+mln Finnish marks from the present 2.26 billion, it said.
+    The statement said the issue followed up the 1986 tender
+issuance involving the first non-restricted or free shares,
+which can be held by aliens.
+    The warrants entitle holders to subscribe for a maximum of
+10 mln free shares. Eight mln of the Bank's current 113 mln
+shares are free shares, a spokeswoman said.
+    The float follows the signing by Finnish President Mauno
+Koivisto last Friday of legislation entitling aliens with
+effect from next June 1 to own up to two fifths of the shares
+in Finnish companies, with consent of the Council of State, as
+against one fifth although voting rights will be restricted.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16792" NEWID="10731">
+<DATE>30-MAR-1987 05:21:16.55</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0395&#31;reute
+f f BC-Miyazawa-expects-doll   03-30 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Miyazawa expects dollar to rebound soon, spokesman says
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16793" NEWID="10732">
+<DATE>30-MAR-1987 05:22:06.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0396&#31;reute
+b f BC-QUEBECOR-ISSUES-60-ML   03-30 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBECOR ISSUES 60 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Quebecor Inc &lt;PQB.A>, the Canadian
+publishing concern, is issuing a 60 mln dlr convertible bond
+due May 14, 1997 bearing an indicated coupon of 5-3/4 to six
+pct, said Merrill Lynch Capital Markets as lead manager.
+    The issue will be priced to have a conversion premium of 22
+to 25 pct, with final terms to be set on Monday, April 6. The
+company's stock last traded on the Toronto Stock Exchange at
+19-3/8. The securities will be listed in Luxembourg and are
+available in denominations of 1,000 and 10,000 dlrs.
+    Fees include a one pct combined management and underwriting
+and a one pct selling concession.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16794" NEWID="10733">
+<DATE>30-MAR-1987 05:23:00.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0397&#31;reute
+u f BC-ONGPIN-SAYS-"PINS"-WI   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONGPIN SAYS "PINS" WILL REVIVE BAKER PLAN</TITLE>
+<DATELINE>    MANILA, March 30 - </DATELINE><BODY>Finance Secretary Jaime Ongpin said
+Philippine Investment Notes (PINs), to be offered to commercial
+bank creditors as part of the country's 13.2 billion dlr debt
+rescheduling, would revive the Baker Plan.
+    PINs are tradable, foreign currency-denominated financial
+instruments with a six-year maturity, designed for conversion
+into pesos to fund government-approved equity investments
+within the Philippines.
+    Ongpin told reporters after a meeting with businessmen the
+government was planning to issue between 100 and 150 mln dlrs
+worth of PINs at a discount of about 12.5 pct this year.
+    The plan, outlined by U.S. Treasury Secretary James Baker
+18 months ago, stalled because commercial banks balked at the
+idea of lending additional money, Ongpin said. It had called
+for substantial new commercial bank lending and development
+bank aid in order to help debtor countries grow out of their
+economic troubles.
+    The PINs provide a mechanism to finance the growth needed
+by these debtor nations, provided they are willing to welcome
+foreign equity investment into their economies, Ongpin told a
+businessmen's meeting. "And this can now be achieved without
+forcing commercial banks into involuntary new money lending."
+    Bankers in New York said given the booming market in
+debt-equity swaps, PINs ought to work if Manila issues the
+notes at an appropriate discount.
+    Ongpin said the use of PINs would result in anticipated
+savings of one billion pesos over the debt agreement's 17-year
+life.
+    The accord restructured 5.8 billion dlrs of previously
+rescheduled debt, 3.5 billion dlrs of debt falling due between
+January 1987 and December 1992, and 925 mln dlrs of new money
+lent by the banks in 1985 at a spread of 7/8 percentage points
+over London Interbank Offered Rates (LIBOR).
+    It also rolled over trade credits worth 2.9 billion dlrs.
+    Ongpin said the Philippines' 7-1/2 year grace period was
+better than Mexico's seven-year grace period, while the PINs
+proposal would result in savings of foreign exchange and
+generate pesos which would be reinvested in domestic
+enterprises.
+    Ongpin said the restructuring of commercial bank debt, as
+well as of 870 mln dlrs of debt by the Paris Club of Western
+creditor governments in January, was expected to reduce the
+country's debt-service ratio to between 25 and 30 pct from its
+current level of 40 to 45 pct.
+    He said the country's balance of payments was now projected
+at a surplus of about 1.2 billion dlrs in 1987, compared with a
+surplus of about 1.1 billion dlrs in 1986 and a previous
+projected deficit of 1.2 billion dlrs this year.
+    The Philippine negotiating team refined the PINs idea three
+times before the final agreement was struck last Friday, Ongpin
+said. "What we have now is PINs IV," he said.
+    Ongpin told the meeting he had kept his promise to gain
+terms better than those granted last year to Mexico, which won
+a 20-year repayment at 13/16 points over LIBOR.
+    "And they (Mexico) are a long way from seeing any money
+cross the table even as of today," Ongpin said, adding he
+expected much quicker approval from all the Philippines' 483
+creditor banks worldwide.
+    He said he had been in almost daily telephone contact with
+President Corazon Aquino, particularly when the banks began to
+take a very tough stance on pricing.
+    "But the President's instructions were unequivocal and
+unwavering, 'Do not yield one more millimetre and I don't care
+how long it takes. Get a green card if you have to, but don't
+come home without a deal we can all be proud of'," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16795" NEWID="10734">
+<DATE>30-MAR-1987 05:24:25.05</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0400&#31;reute
+r f BC-PHILADELPHIA-EXCHANGE   03-30 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA EXCHANGE TO EXTEND HOURS FOR ASIA</TITLE>
+<DATELINE>    SYDNEY, March 30 - </DATELINE><BODY>The Philadelphia Stock Exchange (PHLX),
+a leading trader of currency options, plans to extend its
+trading hours to serve Australasian and Far Eastern markets,
+exchange president Nicholas Giordano said.
+    He told reporters the PHLX will open a new session between
+1900 and 2300 hours U.S. EST from the beginning of the third
+quarter this year.
+    The PHLX is also opening an office in Hong Kong to serve
+clients in the region and educate financial markets about the
+advantages of currency options, Giordano said.
+    Giordano was in Sydney to start an Asian-Pacific tour by
+exchange executives promoting the hedging benefits of the
+exchange-trade currency option market against existing
+over-the-counter option trading during the local working day.
+    Currency options pioneered by the PHLX in 1982 had become
+an accepted means of hedging against foreign exchange risk and
+had grown in popularity, he said.
+    The PHLX now offered options in eight currencies, including
+a new Australian dollar option, and traded an average 42,000
+contracts daily with underlying open interest of more than 30
+billion U.S. Dlrs.
+    Giordano said the exchange had been impressed with the
+performance of its Australian dollar contract, which since its
+introduction last year had regularly topped the French franc as
+the third most popular traded option, with up to 8,000
+contracts traded daily.
+    Having the Philadelphia exchange open during the
+Asia-Pacific market day would open new hedging opportunities,
+set a truer level for over-the-counter option trading, increase
+arbitraging opportunities and give corporations and treasuries
+access to a currency option market of much greater depth and
+liquidity with the security of a clearing house, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16796" NEWID="10735">
+<DATE>30-MAR-1987 05:27:07.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0407&#31;reute
+r f BC-YIELD-FALLS-ON-91-DAY   03-30 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YIELD FALLS ON 91-DAY SAMA DEPOSITS</TITLE>
+<DATELINE>    BAHRAIN, March 30 - </DATELINE><BODY>The yield on 91-day bankers security
+deposit accounts issued this week by the Saudi Arabian Monetary
+Agency, SAMA, fell to 6.18376 pct from 6.34322 a week ago,
+bankers said.
+    SAMA increased the offer price on the 500 mln riyal issue
+to 98.46094 from 98.42188 last Monday. Three month interbank
+riyal deposits were quoted today at 6-1/2, 3/8 pct.
+    SAMA offers a total 1.9 billion riyals in 30, 91 and
+180-day agreements to banks in the Kingdom each week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16797" NEWID="10736">
+<DATE>30-MAR-1987 05:34:49.87</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0422&#31;reute
+u f BC-MIYAZAWA-EXPECTS-DOLL   03-30 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA EXPECTS DOLLAR REBOUND SOON - SPOKESMAN</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Japanese Finance Minister Kiichi Miyazawa
+expects the dollar to rebound soon, a Ministry spokesman said.
+    He quoted Miyazawa as telling Japanese reporters that major
+industrial nations are aggressively intervening in currency
+markets worldwide to prevent a dollar free-fall.
+    The minister believes that market forces will push the
+dollar back up from its record low of 144.70 yen today,
+according to the spokesman.
+    Miyazawa told the Japanese reporters the U.S. Unit fell
+because Japanese investors sold dollars to hedge currency risks
+before the close of the 1986/87 fiscal year on March 31.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16798" NEWID="10737">
+<DATE>30-MAR-1987 05:36:41.53</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0427&#31;reute
+b f BC-U.K.-CONFIRMS-FEBRUAR   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. CONFIRMS FEBRUARY STERLING M3 RISE</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>The Bank of England said the broad
+measure of U.K. Money supply, Sterling M3, rose a seasonally
+adjusted 2.2 pct in February after a 1.1 pct rise in January.
+    The unadjusted year on year rise was 18.9 pct after 17.6
+pct in the year to January, the Bank said.
+    The narrow measure of money supply, M0, fell by a
+seasonally adjusted 0.8 pct in February, and rose by a
+non-adjusted 4.1 pct year on year. In January, M0 fell by an
+adjusted 0.6 pct, and rose by a non-adjusted 4.1 pct year on
+year.
+    The figures confirm provisional data issued by the Bank on
+March 19.
+    The Bank said sterling bank lending grew by a seasonally
+adjusted 2.91 billion stg in February, after a 1.70 billion stg
+adjusted rise in January.
+    The measure of private sector liquidity, PSL2, rose an
+unadjusted 0.9 pct in February, making a year-on-year
+unadjusted 13.1 pct rise. Adjusted, PSL2 rose by 1.2 pct in
+February, against a 0.6 pct rise in January, the Bank said.
+    It said the public sector contribution to the growth in
+Sterling M3 was contractionary by about 40 mln stg after a
+contractionary contribution of 2.3 billion stg in January.
+    Within this, the Public Sector Borrowing Requirement showed
+a repayment of 380 mln stg after a 3.7 billion stg repayment in
+January, while the non-bank private sector's holdings of
+government debt fell by about 260 mln stg after a 1.1 billion
+stg fall in January.
+    There was a 50 mln stg rise in notes and coins in
+circulation in February after a 290 mln stg fall in January,
+the Bank said.
+    Non-interest bearing sight deposits rose by 460 mln stg
+after a 1.5 billion stg fall in January and interest-bearing
+deposits fell 200 mln stg after a 1.6 billion rise in January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16799" NEWID="10738">
+<DATE>30-MAR-1987 05:45:35.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0433&#31;reute
+u f BC-SLOUGH-ESTATES-VIEWS   03-30 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SLOUGH ESTATES VIEWS 1987 PROSPECTS CONFIDENTLY</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Slough Estates Plc &lt;SLOU.L> said it
+views the prospects during 1987 with confidence.
+    In a statement accompanying its 1986 results, it reported a
+rise of over 10 mln stg in 1986 pretax profit to 49.6 mln stg
+and said there are signs that the existing threat of excess
+supply may be lessened in 1987. There has also been a return of
+interest in industrial investment.
+    An external appraisal of the group's investment properties
+was carried out last year which found their gross value to be
+851.3 mln stg as at Dec 31.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16800" NEWID="10739">
+<DATE>30-MAR-1987 05:48:54.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0444&#31;reute
+u f BC-GERMAN-FEBRUARY-WHOLE   03-30 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN FEBRUARY WHOLESALE TURNOVER RISES ONE PCT</TITLE>
+<DATELINE>    WIESBADEN, March 30 - </DATELINE><BODY>West German wholesale turnover
+provisionally totalled about 58 billion marks in February, a
+rise of a real one pct compared with the same month last year,
+the Federal Statistics Office said.
+    Turnover fell a nominal seven pct from February last year,
+down by around four billion marks, it added. Turnover of about
+114 billion marks in the first two months of 1987 represented a
+real decline of two pct from the same 1986 period.
+    According to final figures, wholesale turnover had fallen
+by a real 5.7 pct in January, an office spokeswoman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16801" NEWID="10740">
+<DATE>30-MAR-1987 05:55:11.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0450&#31;reute
+u f BC-NISSAN-MEXICANA-TO-TA   03-30 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN MEXICANA TO TAKE OVER CAR ENGINE EXPORTS</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>&lt;Nissan Mexicana SA de CV>, owned 96.4
+pct by Nissan Motor Co Ltd &lt;NSAN.T> and the rest by Marubeni
+Corp &lt;MART.T>, will supply all engines for manual transmission
+"Sentra" cars produced by Nissan Motor's wholly-owned subsidiary
+&lt;Nissan Motor Manufacturing Corp USA> (NMMC), a Nissan
+spokeswoman said.
+    Nissan's shift to Mexican production from Japan is due to
+improved quality there and the yen's rise against the dollar.
+    From July 1987, all car engines for NMMC will be supplied
+by Nissan Mexicana. As a start, Nissan Mexicana shipped a total
+of 17,000 car engines to NMMC last summer, the spokeswoman
+said.
+    NMMC in Smyrna, Tennessee, which has produced Sentras since
+March 1985, made 65,000 cars.
+    NMMC will more than double Sentra production to 140,000
+this year including 80,000 to 90,000 manuals, she said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16802" NEWID="10741">
+<DATE>30-MAR-1987 05:59:21.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0455&#31;reute
+u f BC-GERMAN-CALL-MONEY-RIS   03-30 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN CALL MONEY RISES ON PENSION PAYMENTS</TITLE>
+<DATELINE>    FRANKFURT, March 30 - </DATELINE><BODY>Call money rose to 3.70/80 pct from
+3.50/60 pct in moderate business as liquidity drained from the
+system on pension payments by insurance firms, dealers said.
+    But the market was relatively liquid for the month's end,
+when rates usually tighten, dealers said. Call money was still
+at or slightly below the 3.80 pct rate set on the most recent
+Bundesbank securities repurchase offer last week.
+    The insurances would probably draw down some 11 billion
+marks for pension payments. But part of this would be offset by
+an estimated five to six billion marks flowing in from treasury
+bills bought from the Bundesbank on Thursday, dealers said. 
+    Rates could ease later in the week as bank customers
+deposit part of their pension payments back with the banks
+tomorrow and Wednesday, and banks face reserve requirements for
+a new month, dealers said.
+    On Thursday, banks' actual daily reserve holdings fell to
+43.3 billion marks, down substantially from 49.1 billion on
+Wednesday. But the daily average holdings for the first 25 days
+of the month stood at 51.8 billion marks, well above the
+required daily average net reserve holdings of 50.7 billion.    
+The Bundesbank has not scheduled a securities repurchase
+tender this week, since there is no expiring prior pact. 
+dealers said liquidity was adequate without the addition of new
+repo funding.
+    If tightness does occur the Bundesbank may add short-term
+temporary federal government funds to counteract this. The last
+such liquidity injection was carried out as call money rates
+rose above 4.00 pct earlier this month, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16803" NEWID="10742">
+<DATE>30-MAR-1987 06:00:03.75</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0457&#31;reute
+u f BC-EC-COMMISSIONER-WELCO   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSIONER WELCOMES COCOA ACCORD</TITLE>
+<DATELINE>    BRUSSELS, March 30 - </DATELINE><BODY>The new International Cocoa Agreement
+should lead to a stabilisation of prices, both benefitting
+producer countries and promoting an equilibrium in
+international economic relations, European Community
+Development Commissioner Lorenzo Natali said.
+    He said in a statement welcoming the agreement on buffer
+stock rules reached last week in London that it resulted in
+large part from initiatives taken by the EC Commission after
+consumers and producers had reached deadlock in initial
+negotiations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16804" NEWID="10743">
+<DATE>30-MAR-1987 06:00:18.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0459&#31;reute
+u f BC-RUGBY-WELL-PREPARED-F   03-30 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUGBY WELL PREPARED FOR NEW CEMENT COMPETITION</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Rugby Portland Cement Plc &lt;RBYL.L> said
+it was well placed to operate in the new circumstances
+following the ending in February of the 53-year old cement
+manufacturers common price and marketing arrangements.
+    In a statement following the release of its 1986 results,
+IT stated that the current year had started well. It reported
+that pretax profits in the year rose to 35.46 mln stg from
+21.84 mln previously on turnover higher at 313.3 mln after
+252.2 mln.
+    The strong recovery of the first six months continued into
+the second half, although U.K. Cement demand rose only
+modestly. Results benefitted from cost cutting and higher
+volumes.
+    The decision by the Cement Makers Federation to end the
+pricing agreement reflected pressure from higher competition
+due to growing imports and the possibility that the system
+would be taken to the Restrictive Practices Court by the U.K.
+Government. It stated that its John Carr unit benefitted from
+strong organic growth, although overseas its Cockburn operation
+had a difficult period with high maintenance costs and
+increased depreciation charges.
+    The company is proposing to change its name at the next
+annual meeting to &lt;Rugby Group Plc>.
+    Rugby said it spent 27 mln stg on acquisitions in 1986. It
+noted that its Western Australia hotels company had agreed to
+sell the Parmelia hotel for 31.5 mln Australian dlrs, some
+seven mln stg above end-1986 book value.
+    The results were largely in line with forecasts and Rugby
+shares were little changed at 242p after 241 at Friday's close.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16805" NEWID="10744">
+<DATE>30-MAR-1987 06:03:36.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0465&#31;reute
+u f BC-MANNESMANN-BUYS-INDIR   03-30 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANNESMANN BUYS INDIRECT MAJORITY STAKE IN SACHS</TITLE>
+<DATELINE>    DUESSELDORF, March 30 - </DATELINE><BODY>Mannesmann AG &lt;MMWG.F> said it has
+reached a series of agreements giving it an indirect majority
+stake in the &lt;Fichtel und Sachs AG> car parts group.
+    The takeover is contingent on approval from the Federal
+Cartel Office in West Berlin, a spokesman said, adding that
+Mannesmann was confident the authorities would not block the
+purchase.
+    Mannesmann is buying 75 pct of &lt;MEC Sachs
+Vermoegensholding> which owns 37.5 pct of Sachs AG, which in
+turn holds 96.5 pct of Fichtel und Sachs. The MEC shares will
+be bought from the granddaughters of the firm's founder.
+    Mannesmann is also purchasing a 25.01 pct stake in Fichtel
+und Sachs from Commerzbank AG &lt;CBKG.F> and has an option to buy
+the bank's remaining 10 pct stake, a company statement said.
+    In addition to these firm agreements, Mannesmann is also
+talking with the state-owned steel group Salzgitter AG
+ &lt;SALG.H> on buying its 24.98 pct stake in Fichtel und Sachs.
+ This would give Mannesmann around 75 pct of Fichtel und Sachs.
+    Salzgitter said it decided to give up its own original
+plans to seek a majority stake in Sachs after holding talks
+with the government in Bonn.
+    Earlier this month Mannesmann disclosed that it might want
+a majority stake in Sachs after previously saying it was
+seeking to buy only a minority holding in the company, which
+has annual turnover of 2.2 billion marks and employs 17,000.
+    The acquisition is part of Mannesmann's efforts to
+diversify into high-technology areas and away from its previous
+reliance on steel and pipe-making. More
+    A spokesman for the Federal Statistics Office later said
+the anti-cartel authorities would probably rule on the takeover
+in the new few weeks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16806" NEWID="10745">
+<DATE>30-MAR-1987 06:04:53.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0473&#31;reute
+u f BC-CHINESE-CHEMICAL-PLAN   03-30 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINESE CHEMICAL PLANT TO ISSUE DOMESTIC BOND</TITLE>
+<DATELINE>    HONG KONG, March 30 - </DATELINE><BODY>A chemical plant in the south China
+province of Guangdong will raise 30 mln yuan by a domestic bond
+issue, the China News Service, monitored here, said.
+    It said the Shantou Photosensitive Chemicals Plant will
+issue three-year bonds of fixed interest at 11 pct a year in
+denominations of 50, 100 and 500 yuan.
+    A subsidiary of the China Commercial and Industrial Bank is
+arranger for the issue.
+    The plant will use the proceeds to finance its expansion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16807" NEWID="10746">
+<DATE>30-MAR-1987 06:08:09.95</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0478&#31;reute
+r f BC-SINGAPORE-M-1-MONEY-S   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE M-1 MONEY SUPPLY 2.7 PCT UP IN JANUARY</TITLE>
+<DATELINE>    SINGAPORE, March 30 - </DATELINE><BODY>Singapore's M-1 money supply  rose
+2.7 pct in January to 10.09 billion Singapore dlrs after a 3.7
+pct increase in December, the Monetary Authority of Singapore
+said.
+    Year on year, M-1 grew by 15.6 pct in January compared with
+an 11.8 pct growth in December.
+    The January rise was largely seasonal, reflecting an
+increase in currency in active circulation prior to the Lunar
+New Year. Currency in active circulation rose to 5.42 billion
+dlrs from 5.03 billion in December and 4.84 billion a year ago.
+    The demand deposit component of M-1 dropped in January by
+4.67 billion dlrs from 4.79 billion in December and compared
+with 3.89 billion in January, 1986.
+    Broadly-based M-2 money supply rose 1.1 pct to 31.30
+billion dlrs in January, after a 1.6 pct rise in December,
+bringing year on year growth to 12.1 pct in January against
+10.0 pct in the previous month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16808" NEWID="10747">
+<DATE>30-MAR-1987 06:08:22.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0479&#31;reute
+u f BC-BROWN-BOVERI-WINS-SUP   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN BOVERI WINS SUPERCHARGER ORDER FROM MAZDA</TITLE>
+<DATELINE>    BADEN, Switzerland, March 30 - </DATELINE><BODY>BBC Brown Boveri und Cie
+&lt;BBCZ.Z> said it won a major order to supply its "Comprex"
+pressure-wave supercharger for use in a new car diesel engine
+to be produced by Mazda Motor Corp &lt;MAZT.T> of Hiroshima,
+Japan.
+    It gave no financial details.
+    BBC said the supercharger enables diesel engine cars to
+match the performance of petrol engine vehicles without losing
+the fuel economy and emission advantages of diesel.
+    Mazda is the first international carmaker to use the
+supercharger in mass production of diesel engines.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16809" NEWID="10748">
+<DATE>30-MAR-1987 06:08:46.14</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0481&#31;reute
+u f BC-B-AND-C-REORGANISES-C   03-30 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>B AND C REORGANISES COMMERCIAL OPERATIONS</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>British and Commonwealth Shipping Co Plc
+&lt;BCOM.L> said that it would reorganise its commercial and
+service operations into a single public grouping with
+autonomous management.
+    The group has expanded rapidly in the past year through the
+672.5 mln stg acquisition of &lt;Exco International Plc> and 90
+mln bid for &lt;Steel Brothers Holdings Plc>.
+    It noted that its operations were now divided between
+financial services, including money broking, investment
+management and forfaiting, and more traditional areas such as
+aviation, hotels, commodity trading and office equipment.
+    It said that each sector had exciting prospects but
+required different methods of management and financing.
+    B and C planned to form a new public company to hold the
+commercial operations and envisaged it operating with a capital
+of between 400 mln and 600 mln stg.
+    It has retained Barclays de Zoete Wedd to advise on the
+introduction of independent investors to subscribe for
+additional capital, and believes that the proportion of equity
+capital held by outside investors would not exceed 20 pct of
+the total.
+    The statement said that with the continued support of B and
+C, together with outside capital, the new grouping would emerge
+as a major group in its own right with the ability to take
+advantages of opportunities as they arose. However, the group
+would not seek a listing for the time being.
+    B and C also said that its chairman, Lord Cayzer, planned
+to retire in June. The company proposed that he be appointed
+life president and that current chief executive John Gunn
+should take over as chairman.
+    B and C shares eased 11p to 459p at 1040 GMT.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16810" NEWID="10749">
+<DATE>30-MAR-1987 06:10:18.66</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0487&#31;reute
+u f BC-JAPAN-CONDUCTS-CURREN   03-30 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CONDUCTS CURRENCY SURVEY OF BIG INVESTORS</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>A Finance Ministry official said the
+ministry has recently conducted a survey on foreign exchange
+transactions by institutional investors but declined to say if
+it was aimed at moderating their dollar sales.
+    However, financial market sources said they had heard the
+ministry has asked life insurance and securities firms to
+refrain from selling dollars, but they were unable to confirm
+this directly.
+    Dealers said life insurance firms were not major sellers of
+dollars in recent trading sessions because they had already
+sold them to hedge risks.
+    Dealers said securities houses and trust banks on the other
+hand have aggressively sold the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16811" NEWID="10750">
+<DATE>30-MAR-1987 06:12:28.52</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0492&#31;reute
+u f BC-BP-U.K.-REFINERY-DUE   03-30 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP U.K. REFINERY DUE TO PARTLY RE-OPEN NEXT WEEK</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>The British Petroleum Co PLC (BP.L) oil
+refinery at Grangemouth, closed after an explosion and fire
+eight days ago, is expected to partially reopen next week, a
+refinery spokesman said.
+    He said the entire 178,500 bpd refinery has been shut since
+the accident which killed one person and damaged the site's
+hydrocracker. The main units will resume operation next week
+but the hydrocracker will be closed for an unspecified period.
+The spokesman said the refinery had been operating at about
+half its capacity since end-January due to overhaul work on
+part of the complex. The overhaul is expected to end by late
+April.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16812" NEWID="10751">
+<DATE>30-MAR-1987 06:14:40.68</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>dmk</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0495&#31;reute
+b f BC-NO-INTERVENTION,-DOLL   03-30 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO INTERVENTION, DOLLAR FIXED AT 1.8063 MARKS</TITLE>
+<DATELINE>    FRANKFURT, March 30 - </DATELINE><BODY>The Bundesbank did not intervene as
+the dollar was fixed lower at 1.8063 marks after 1.8231 on
+Friday, dealers said.
+    Business calmed down after a hectic start, with European
+operators sidelined because of uncertainty about the short-term
+direction of the dollar, dealers said. "At the moment, all the
+action is taking place in New York and Tokyo," one said.
+    The U.S. Currency traded within a 145 basis point range in
+Europe, touching a low of 1.7940 and a high of 1.8085 marks.
+But it remained within a narrow 40 basis point span around
+1.8050 marks after the first hour of European trading.
+    Comments by Japanese officials and Bank of Japan dollar
+support had pushed it above 145 yen and 1.80 marks after
+falling as low as 144.50 and 1.7860 respectively in Tokyo.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16813" NEWID="10752">
+<DATE>30-MAR-1987 06:18:15.32</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0499&#31;reute
+u f BC-TOP-QUALITIES-SOUGHT   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOP QUALITIES SOUGHT ON HAMBURG COFFEE MARKET</TITLE>
+<DATELINE>    HAMBURG, March 30 - </DATELINE><BODY>The green coffee market saw some demand
+for high quality coffees in the past week, but business was
+described as generally unsatisfactory, trade sources said.
+    Especially sought were spot East African and Ethiopian and
+some Brazils, they said, adding that some high grade robustas
+also met some demand.
+    Sporadic business was noted in the second hand which
+offered Kenya coffee for May/June shipment up to 25 dlrs below
+origin levels.
+    Roasters are said to be well covered and are not expected
+to enter the market for larger purchases in the near term.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16814" NEWID="10753">
+<DATE>30-MAR-1987 06:23:08.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0502&#31;reute
+b f BC-CERTAINTEED-SEEKS-150   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CERTAINTEED SEEKS 150 MLN DLR CREDIT FACILITY</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>CertainTeed Corp is seeking a 150 mln
+dlr multiple facility, which will incorporate a revolving
+credit and allow the borrower to issue short-term advances,
+euronotes and euro-commercial paper on an uncommitted basis,
+Chemical Bank International said as arranger.
+    The revolving credit will be for five years and drawings
+will be at 10 basis points over the London Interbank Offered
+Rate (Libor). There also will be a 150 mln dlr swingline option
+available under which drawings will be at 10 basis points over
+the U.S. Prime rate.
+    The euronotes will have maturities of one, three and six
+months and be sold in denominations of 500,000 and one mln
+dlrs, while the commercial paper will have maturities of up to
+183 days.
+    There will be a facility fee of 10 basis points and
+utilisation fees of five basis points for up to 33 pct, 7.5
+basis points for between 34 and 66 pct and 10 basis points for
+the remainder.
+    CertainTeed, a U.S. Building products company, is 57 pct
+owned by Cie de Saint-Gobain &lt;SGEP.PA>, the recently privatised
+French glass and materials group.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16815" NEWID="10754">
+<DATE>30-MAR-1987 06:25:21.60</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0506&#31;reute
+r f BC-SINGAPORE-BANK-CREDIT   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE BANK CREDIT RISES IN JANUARY</TITLE>
+<DATELINE>    SINGAPORE, March 30 - </DATELINE><BODY>Total loans and advances extended by
+banks in Singapore rose in January to 36.01 billion Singapore
+dlrs from 35.79 billion in December but fell from 36.93 billion
+a year ago, the Monetary Authority of Singapore said.
+    It said the increase was concentrated in loans to the
+manufacturing and real estate sectors, while loans to the
+commerce sector declined.
+    Deposits of non-bank customers also fell in January to
+30.44 billion dlrs from 30.61 billion in December but rose from
+28.33 billion in January, 1986.
+    Total assets and liabilities of banks rose to 77.60 billion
+dlrs in January from 76.83 billion in the previous month and
+69.45 billion a year ago.
+    Assets and liabilities of finance companies fell to 6.87
+billion dlrs from 6.95 billion and compared with 6.85 billion,
+respectively.
+    Loans extended by finance companies rose to 4.77 billion
+dlrs from 4.74 billion in December and against 5.34 billion in
+January last year, while deposits placed with them dropped to
+4.68 billion against 4.89 and 4.79 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16816" NEWID="10755">
+<DATE>30-MAR-1987 06:31:47.63</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0513&#31;reute
+b f BC-BANK-OF-ENGLAND-DOES   03-30 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND DOES NOT OPERATE IN MONEY MARKET</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>The Bank of England said it had not
+operated in the money market during the morning session.
+    Earlier, the Bank revised its forecast of the liquidity
+position to flat from its original estimate of a 100 mln stg
+surplus.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16817" NEWID="10756">
+<DATE>30-MAR-1987 06:33:04.00</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0516&#31;reute
+r f BC-ASIAN-DOLLAR-MARKET-A   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIAN DOLLAR MARKET ASSETS FALL IN JANUARY</TITLE>
+<DATELINE>    SINGAPORE, March 30 - </DATELINE><BODY>The gross size of the Asian dollar
+market contracted to 197.2 billion U.S. Dlrs in January, down
+3.4 billion dlrs from December, reflecting a decline in
+interbank activity, the Monetary Authority of Singapore (MAS)
+said in its latest monthly bulletin.
+    The assets stood at 151.7 billion dlrs in January last
+year.
+    MAS said interbank lending fell in January to 140.9 billion
+dlrs from 146.6 billion in December but rose from 102.0 billion
+in january 1986 and interbank deposits to 154.0 billion against
+159.4 and 117.1 billion, respectively.
+    Loans to non-bank customers increased to 40.1 billion dlrs
+in January from 38.7 billion in December and 36.9 billion in
+January, 1986.
+    Deposits of non-bank customers also increased in January to
+34.9 billion from 33.8 billion a month ago and 27.7 billion a
+year ago. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16818" NEWID="10757">
+<DATE>30-MAR-1987 06:48:20.23</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0534&#31;reute
+r f BC-H.K.-M3-MONEY-SUPPLY   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. M3 MONEY SUPPLY RISES 1.4 PCT IN FEBRUARY</TITLE>
+<DATELINE>    HONG KONG, March 30 - </DATELINE><BODY>Hong Kong's broadly defined M-3 money
+supply rose 1.4 pct in February to 615.59 billion H.K. Dlrs
+from January when it rose 2.2 pct, the government said.
+    Total M3 rose 22.4 pct from February, 1984. Local currency
+M3 rose 0.6 pct to 282.11 billion dlrs from January, and 16.8
+pct on the year.
+    Total M2 rose 2.0 pct to 545.71 billion dlrs in February
+from January, when it increased by 3.3 pct.
+    Local currency M2 rose 1.0 pct to 251.49 billion dlrs last
+month after it rose 4.7 pct in January. Total M2 and local M2
+rose 32.0 pct and 24.9 pct respectively from February, 1984.
+    Total M1 fell 5.3 pct to 59.52 billion dlrs in February
+after a 12 pct rise in the previous month. Local M1 dropped 6.0
+pct to  54.47 billion dlrs after January's rise of 12.3 pct.
+    Year on year growth in total M1 and local M1 was 26.3 pct
+and 27.6 pct, respectively.
+    Total loans and advances rose 1.3 pct to 523.74 billion
+dlrs from January, when they were up 3.3 pct. However, loans
+for financing Hong Kong's visible trade fell 1.3 pct to 36.23
+billion dlrs after a 3.4 pct rise in the previous month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16819" NEWID="10758">
+<DATE>30-MAR-1987 06:54:15.63</DATE>
+<TOPICS><D>oilseed</D><D>sunseed</D><D>rapeseed</D><D>veg-oil</D><D>sun-oil</D><D>rape-oil</D></TOPICS>
+<PLACES><D>uk</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0540&#31;reute
+u f BC-ALGERIA-SETS-TENDER-F   03-30 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALGERIA SETS TENDER FOR RAPE/SUNFLOWERSEED OIL</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Algeria will tender on April 3 for
+20,000 tonnes of optional origin sunflowerseed oil/rapeseed oil
+for Apr/May loading, traders said.
+    Meanwhile, the market is awaiting results of an Algerian
+import tender which took place over the weekend for about
+10,000 tonnes of refined vegetable oils in drums, traders
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16820" NEWID="10759">
+<DATE>30-MAR-1987 06:55:41.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0543&#31;reute
+u f BC-ICN-MARK-EUROBOND-ISS   03-30 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICN MARK EUROBOND ISSUE NOW UNCERTAIN</TITLE>
+<DATELINE>    FRANKFURT, March 30 - </DATELINE><BODY>Plans by the U.S.-based ICN
+Pharmaceuticals Inc &lt;ICN.N> to issue a mark eurobond soon are
+in doubt owing to uncertainties about future expansion, Arab
+Banking Corp - Daus and Co GmbH (ABC DAUS) said.
+    During a presentation in February ICN had said it would
+issue its first mark eurobond sometime this spring
+    ICN planned to issue a bond to provide funds to acquire
+pharmaceuticals firms and expand its marketing base, Daus said
+in a statement. But uncertainty about an acquisition, coupled
+with Eastman Kodak Co's &lt;EK.N> announcement it plans to sell
+its 2.3 pct stake in ICN, had made a launch date uncertain.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16821" NEWID="10760">
+<DATE>30-MAR-1987 06:57:33.64</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0545&#31;reute
+u f BC-COCOA-DEAL-SEEN-POSIT   03-30 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA DEAL SEEN POSITIVE, BUT NO PRICE GUARANTEE</TITLE>
+<AUTHOR>    By Lisa Vaughan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>The buffer stock rules agreement reached
+on Friday by the International Cocoa Organization (ICCO) is an
+improvement on previous arrangements but the price-support
+mechanism is unlikely to do more than stem the decline in cocoa
+prices, many ICCO delegates and trade sources said.
+    The accord was reached between producers and consumers of
+the 35-member ICCO council after two weeks of talks.
+    European chocolate manufacturers and delegates said the
+accord may boost cocoa prices immediately, but world surpluses
+overhanging the market will pull prices down again before long.
+    "If the buffer stock operation is successful, I doubt it
+will do anything more than stop the price from falling further,
+and it will have no relevance at all to retail chocolate
+prices," a European dealer said.
+    And if the buffer stock manager delays too long in buying,
+or is not seen to be using his purchasing power when the market
+is relying on him to do so, the bearish trade reaction could
+pressure prices dramatically, dealers said.
+    The buffer stock is the market-regulating tool of the ICCO,
+into which cocoa can be bought or from which it can be sold to
+manoeuvre prices into a pre-set stabilization range.
+    A new cocoa agreement came into force in January but
+delegates could not agree buffer stock rules at that time.
+    The new rules take effect immediately. The buffer stock
+manager is expected to begin buying cocoa within the next three
+weeks, after organizing communications with cocoa producing
+countries and assessing the market, since prices are below the
+"must-buy" level of 1,600 Special Drawing Rights per tonne
+specified in the agreement, the sources said.
+    The buffer stock theoretically has funds to buy a maximum
+100,000 tonnes within a five week period, but its approach will
+be more cautious, buffer stock manager Juergen Plambeck said.
+    The buffer stock has around 250 mln dlrs in funds and a
+buying limit of 250,000 tonnes of cocoa, 100,000 tonnes of
+which are already in the buffer stock.
+    ICCO council chairman and Ivorian Agriculture Minister
+Denis Bra Kanon said the new rules have a good chance of
+stabilizing prices. Ivory Coast is the world's largest cocoa
+producer.
+    "We have established rules which will permit us to withdraw
+immediately the surplus of cocoa on the world market," Bra Kanon
+told reporters after the council adjourned. Bra Kanon reckoned
+the world cocoa surplus could be less than half the 94,000
+tonnes estimated by the ICCO statistics committee.
+    However, some producer and consumer members emerged from
+the final ICCO council meeting with reservations about the
+pact.
+    Ghana, whose high-quality cocoa is the world's most
+expensive and provides 60 pct of the country's export earnings,
+made a formal protest to the council about the price
+differentials assigned to its cocoa, saying they were too high
+for Ghanaian cocoa to be bought for the buffer stock.
+    According to consumer spokesman Peter Baron of West
+Germany, "Consumers weren't perfectly happy with the buffer
+stock rules. We reached a very sensitive compromise...There
+were no real winners or losers."
+    Some European Community delegates were not satisfied that
+important points were fully discussed during the talks, and as
+a result, doubted the rules can deal with world surpluses as
+effectively as they could have, delegates said.
+    Under the new rules, the buffer stock manager would seek
+offers of different origin cocoas, using price differentials to
+reflect different qualities. Non-ICCO member cocoa can comprise
+up to 15 pct of the total buffer stock.
+    London cocoa prices traded today around 1,300 stg per
+tonne, down from around 1,450 stg in January 1987 and 1,750 stg
+in January 1986.
+    A cocoa withholding scheme can take a further 120,000
+tonnes of cocoa off the market if a special council session
+decides market conditions warrant it, according to the
+agreement.
+    The withholding scheme can only be used if prices fall
+below the 1,600 SDR lower intervention price for more than five
+days and if 80 pct of the maximum buffer stock capacity has
+been filled, or if the buffer stock runs low on funds, it says.
+    The ICCO will discuss withholding scheme rules at an
+executive committee meeting on June 9/12, ICCO officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16822" NEWID="10761">
+<DATE>30-MAR-1987 07:11:22.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0573&#31;reute
+r f BC-JAPAN-WANTS-GOVERNMEN   03-30 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN WANTS GOVERNMENTS TO BUY ITS T-BILLS</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>The Finance Ministry is trying to
+eliminate technical obstacles so as to encourage purchases of
+Japanese Treasury bills by foreign governments and central
+banks, in order to increase overseas holdings of yen assets, a
+senior Finance Ministry official said.
+    The official declined to give details but securities
+sources said they expect the 16 pct withholding tax on T-bills
+to be repaid immediately when governments and central banks buy
+bills. The current practice of filing tax redemption claims is
+time consuming, they said.
+    Securities houses here have had difficulty selling
+six-month debt-financing paper, called tankoku, to overseas
+governments and central banks because of the tax system and the
+Bank of Japan's book entry system, which demands the accounts
+be kept with the houses rather than by the Bank.
+    Tankoku, introduced in February 1986, were designed as a
+key short-term instrument to promote internationalization of
+the yen. But since the introduction of a complicated book-entry
+system for bill purchases in January 1986, foreign governments
+and central banks have shied away from buying the bills, the
+sources said.
+    Foreign governments and central banks are therefore
+expected to be allowed to hold their accounts at the Bank of
+Japan, the securities sources said.
+    Relevant measures are likely to be announced at the next
+U.S.-Japan yen-dollar committee meeting on the deregulation of
+Tokyo's financial market, expected in May, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16823" NEWID="10762">
+<DATE>30-MAR-1987 07:13:14.76</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0582&#31;reute
+r f BC-G-6-WANTS-TO-HOLD-DLR   03-30 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-6 WANTS TO HOLD DLR ABOVE 150 YEN - NAKASONE</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone said
+that Japan and other industrialized nations committed
+themselves in Paris last month to stabilize the dollar above
+150 yen.
+    He told a Lower House Budget Committee in Parliament that
+the six nations have taken measures, including market
+intervention, to support the dollar above that level.
+    Finance Minister Kiichi Miyazawa told the same committee
+that the six - Britain, Canada, France, Japan, the U.S. And
+West Germany - had intervened aggressively since the dollar
+fell below 150 yen.
+    Miyazawa said major nations are trying hard to stabilize
+exchange rates.
+    Asked if there had been any change in the fundamentals of
+each nation since the February 22 Paris accord, he said he did
+not think the fundamentals themselves had changed
+substantially.
+    But he said the market is sensitively looking at what is
+happening in major nations. He did not elaborate.
+    Miyazawa added that it was difficult to say why there has
+been such speculative dollar selling in the market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16824" NEWID="10763">
+<DATE>30-MAR-1987 07:13:40.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0585&#31;reute
+r f BC-GILLETTE-CANADA-ISSUE   03-30 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GILLETTE CANADA ISSUES 500 MLN FRENCH FRANC BOND</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Gillette Canada Inc is launching a 500
+mln French franc bond, due April 30, 1992, paying nine pct and
+priced at 101-5/8, Banque Paribas said on behalf of Banque
+Paribas Paris, the lead manager.
+    Morgan Guaranty Ltd will co-lead manage the issue, which
+will be sole in denominations of 10,000 francs and be listed in
+Luxembourg.
+    Fees are 1-1/4 pct for selling and 5/8 pct for management
+and underwriting combined. The bonds are non-callable and
+payment is April 29.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16825" NEWID="10764">
+<DATE>30-MAR-1987 07:14:01.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0587&#31;reute
+r f BC-QUEBECOR-ISSUES-60-ML   03-30 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBECOR ISSUES 60 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Quebecor Inc &lt;PQB.A>, the Canadian
+publishing concern, is issuing a 60 mln dlr convertible bond
+due May 14, 1997 bearing an indicated coupon of 5-3/4 to six
+pct, said Merrill Lynch Capital Markets as lead manager.
+    The issue will be priced to have a conversion premium of 22
+to 25 pct, with final terms to be set on Monday, April 6. The
+company's stock last traded on the Toronto Stock Exchange at
+19-3/8. The securities will be listed in Luxembourg and are
+available in denominations of 1,000 and 10,000 dlrs.
+    Fees include a one pct combined management and underwriting
+and a one pct selling concession.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16826" NEWID="10765">
+<DATE>30-MAR-1987 07:16:34.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0589&#31;reute
+u f BC-GERMAN-BANKS-OUTLOOK   03-30 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKS OUTLOOK CLOUDIER AFTER RECORD 1986</TITLE>
+<AUTHOR>    By Allan Saunderson, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 30 - </DATELINE><BODY>When the largest German "universal"
+banks begin announcing 1986 results this week they should
+report the third consecutive record year. But prospects for
+1987 and beyond would be distinctly cloudier, bank analysts
+said.
+    Results should show the trend which began this decade was
+unbroken. The proportion of earnings gleaned from commission
+business should be higher, while the role played by the more
+traditional credit lending business would show further erosion.
+    Stock exchange volumes remained high last year, depite only
+modest share index rises in the year.
+ In addition, major banks last year were very active in new
+bourse flotations and primary and secondary bond market
+business, banking analysts said.
+    Despite last week's quite strong rally, the depressed stock
+market and forecasts that it would probably not attract
+sustained interest from the global investment community made a
+downturn in commission business most likely.
+    Pressure on the interest rate margin and the increasing
+competition posed not only by foreign banks in Germany but by
+foreign stock exchanges, particularly London, would also bring
+more guarded prognoses for the future from board members.
+    But one banking analyst said, "There's obviously no reason
+to paint too dark a picture. In this decade so far, the banks
+have posted practically only record profits, with increases of
+50 pct and more. This cycle must clearly end sometime."
+    One problem more psychological than real was West German
+banks' exposure to Latin American debtor nations. Bank
+officials have said that a good 70 pct of the exposure has been
+written off on balance sheets.
+    Some analysts consider that the conservative accounting of
+German banks may in some cases have prompted the writedown of
+80 or even 100 pct of several exposures there.
+    With almost all Latin American exposure denominated in dlrs
+and written down two or three years ago, the U.S. Currency's
+fall has made further allocations to country risk reserves for
+the region virtually unnecessary.
+    "German bank earnings have become much more dependent on
+developments on the stock exchange than on the debt question," a
+second analyst said.
+    It is precisely because of bank reporting rules that allow
+the build up of "hidden" reserves known only to the Bundesbank,
+that few analysts produced precise earnings forecasts as they
+did for corporate non-banks.
+    But Alastair France, of London brokers Alexanders, Laing &amp;
+Cruickshank, said his clculations showed that Deutsche Bank AG
+&lt;DBKG.F> would report a very strong 1986, boosted&amp;by
+&#127;herMdbs&#127;oa&#127; &#127;Z the FriedrichFlick &#127;nd&#127;st&#127;ieve&#127;waltung KGAA
+industrial empire, followed by a fairly strong drop back this
+year and flat earnings in 1988.
+    This contrasted with Dresdner Bank AG &lt;DRSD.F> and
+Commerzbank AG &lt;CBKG.F> whose earnings would drift fractionally
+lower this year and then rise modestly in 1988. On the German
+DVFA basis, Deutsche should report 59 marks per share in 1986
+and 49 marks in both ensuing years, France said.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16827" NEWID="10766">
+<DATE>30-MAR-1987 07:23:20.56</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0609&#31;reute
+u f BC-MIYAZAWA-EXPECTS-DOLL   03-30 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA EXPECTS DOLLAR REBOUND SOON - SPOKESMAN</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Japanese Finance Minister Kiichi Miyazawa
+expects the dollar to rebound soon, a Ministry spokesman said.
+    He quoted Miyazawa as telling Japanese reporters that major
+industrial nations are aggressively intervening in currency
+markets worldwide to prevent a dollar free-fall.
+    The minister believes that market forces will push the
+dollar back up from its record low of 144.70 yen today,
+according to the spokesman.
+    Miyazawa told the Japanese reporters the U.S. Unit fell
+because Japanese investors sold dollars to hedge currency risks
+before the close of the 1986/87 fiscal year on March 31.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16828" NEWID="10767">
+<DATE>30-MAR-1987 07:25:08.41</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f0615&#31;reute
+r f BC-NAKASONE-SOUNDS-CONCI   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE SOUNDS CONCILIATORY NOTE IN CHIP DISPUTE</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone sounded
+a conciliatory note in Japan's increasingly bitter row with the
+United States over trade in computer microchips.
+    "Japan wants to resolve the issue through consultations by
+explaining its stance thoroughly and correcting the points that
+need to be corrected," he was quoted by Kyodo News Service as
+saying.
+    While expressing regret over America's decision to impose
+tariffs on imports of Japanese electrical goods, Nakasone said
+Tokyo was willing to send a high-level official to Washington
+to help settle the dispute.
+    Government officials said Japan would make a formal request
+next week for emergency talks and that the two sides would
+probably meet the week after, just days before the April 17
+deadline set by Washington for the tariffs to take effect.
+    Tokyo is expected to propose a joint U.S./Japan
+investigation of American claims that Japanese companies are
+dumping cut-price chips in Asian markets.
+    On Friday, Washington announced plans to put as much as 300
+mln dlrs in tariffs on imports of certain Japanese electronic
+goods in retaliation for what it sees as Tokyo's failure to
+live up to their bilateral chip pact.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16829" NEWID="10768">
+<DATE>30-MAR-1987 07:27:14.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0622&#31;reute
+u f BC-AMYLUM-CHAIRMAN-DISAP   03-30 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMYLUM CHAIRMAN DISAPPOINTED BY FERRUZZI-CPC DEAL</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Belgian starch manufacturer &lt;Amylum NV>
+is surprised and disappointed that its 675 mln dlr offer for
+the European business of CPC International Inc &lt;CPC.N> was
+apparently rejected in favour of a lower 630 mln dlr bid by
+Italy's &lt;Gruppo Ferruzzi>, chairman Pierre Callebaut said.
+    Callebaut told Reuters that Amylum, a leading starch and
+isoglucose manufacturer in which Britain's Tate and Lyle Plc
+&lt;TATL.L> holds a 33.3 pct stake, had made an undisclosed
+initial takeover offer for CPC's European corn wet milling
+business by the close of CPC's tender on March 17.
+    The offer was raised on March 24 to a final 675 mln dlrs in
+cash after CPC told Amylum its initial bid was below Ferruzzi's
+630 mln stg offer, Callebaut said.
+    On the same day, CPC announced it had agreed in principle
+to sell its European business to Ferruzzi in a 630 mln dlr
+deal.
+    Noting that Ferruzzi was studying a public offering of
+shares in its unit &lt;European Sugar (France)> to fund the CPC
+takeover, Callebaut said Amylum may still succeed in its bid.
+    "For the time being we just await developments. But I note
+that whereas our higher offer was in cash, Ferruzzi apparently
+is still organising finance," Callebaut said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16830" NEWID="10769">
+<DATE>30-MAR-1987 07:28:26.06</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0626&#31;reute
+u f BC-SUMITA-SAYS-HE-DOES-N   03-30 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITA SAYS HE DOES NOT EXPECT FURTHER DOLLAR FALL</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita
+said he does not expect the dollar to remain unstable and fall
+further.
+    He told a Lower House Budget Committee in Parliament that
+the Bank of Japan would continue to cooperate closely with
+other major nations to stabilize exchange rates.
+    The central bank has been keeping extremely careful watch
+on exchange rate movements since last week, he said.
+    He said the dollar would not continue to fall because of
+underlying market concern about the rapid rise of the yen.
+    Sumita said the currency market has been reacting to
+overseas statements and to trade tension between Japan and the
+U.S. over semiconductors.
+    The yen's tendency to rise will prevent Japan from
+expanding domestic demand and undertaking necessary economic
+restructuring, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16831" NEWID="10770">
+<DATE>30-MAR-1987 07:29:51.32</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0631&#31;reute
+r f BC-DLR-FALLS-ON-FEAR-TOK   03-30 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DLR FALLS ON FEARS, MIYAZAWA SAYS</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said
+that the dollar's drop today to 145 yen is partly attributable
+to the perception inside and outside Japan that the country has
+failed to fulfill its promise to expand domestic demand.
+    He told a Lower House budget committee in Parliament that
+it was natural for other nations to think that Japan is not
+doing enough because of the delay in the passage of the 1987/88
+budget.
+    The budget has been delayed by opposition boycotts of
+Parliament to protest government plans for a new sales tax.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16832" NEWID="10771">
+<DATE>30-MAR-1987 07:30:37.25</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0632&#31;reute
+r f BC-JAPAN-ISOLATED,-YEN-R   03-30 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ISOLATED, YEN RISES, WORLD FEELS CHEATED</TITLE>
+<AUTHOR>    By Eric Hall, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Japan is becoming dangerously isolated
+again as the U.S. And Europe feel they have been cheated by
+Japanese promises to switch from export to domestic-led growth,
+officials and businessmen from around the world said.
+    As the dollar today slipped to a record low below 145 yen,
+making Japanese exporters and holders of dollar investments
+grit their teeth harder, Finance Minister Kiichi Miyazawa said
+there was a perception Japan had reneged on its promise.
+    The problem goes deep and centres on misunderstandings by
+both sides over the key Maekawa report of April, last year.
+    The document was prepared by a private committee formed by
+Prime Minister Yasuhiro Nakasone and led by former Bank of
+Japan head Haruo Maekawa. It recommended that to stop friction
+due to its large trade surpluses, Japan must "make a historical
+transformation in its traditional policies on economic
+management and the nation's lifestyle. There can be no further
+development for Japan without this transformation."
+    Americans and Europeans took the report to heart and have
+looked in vain for clear signs of this historic change. But the
+Japanese remain doubtful about the short, or even medium term
+prospects of totally transforming their economic habits.
+    The bubble of frustration against what appears as Japanese
+prevarication burst last week. The U.S. Said it intended to
+raise tariffs of as much as 300 mln dlrs on Japanese exports to
+the U.S. On the grounds Japan had abrogated a bilateral
+semiconductor pact.
+    British Prime Minister Margaret Thatcher threatened to
+block Japanese financial firms from London after the Japanese
+placed what the British say are restrictive conditions on a bid
+by British firm Cable and Wireless to join a domestic
+telecommunications joint venture.
+    On Friday, European currency dealers said European central
+banks, annoyed at restrictive Japanese trade practises, might
+leave Japan alone to intervene to staunch the rise of the yen.
+    Eishiro Saito, head of top Japanese business group
+Keidanren, spotted the dangers inherent in such contradictory
+views last November when he visited the European Community.
+"Related to this matter of (trade) imbalance, the point that I
+found to be of great cause for alarm during this trip to Europe
+was the excessive degree of hope placed by the Europeans in the
+results of the Maekawa report," he said.
+    "We explained that the process of restructuring the economy
+away from its dependence on exports toward a balance between
+domestic and external demand...Would take time," Saito said.
+    Saito's words were ignored. In February, EC Industrial
+Policy Director Heinrich von Moltke came to Japan and said "I
+only know that your government, under the leadership of
+Maekawa, points to restructuring your economy into a less
+outward looking, more inward looking one. It is the Maekawa
+report which has attracted the most attention in Europe."
+    And Europeans and Americans want quick action. "A far better
+answer than protectionism would be structural change within the
+Japanese economy, the kind suggested by the Maekawa report. And
+we hope to see changes occur in the near future," visiting
+Chairman of General Motors Roger Smith said in March.
+    Such expectations are now ingrained, which was partly the
+fault of Nakasone, who heralded Maekawa's report as a sea of
+change in Japanese affairs, said U.S. Officials.
+    Months before the report was issued, U.S. And EC business
+leaders met their Japanese colleagues to discuss the trade
+problem.
+    "We are more anxious than ever that the new approach of the
+Maekawa committee does lead to speedy and effective action,"
+said EC Industrial Union leader Lord Ray Pennock.
+    "The important implication of the Maekawa report is that it
+is finally looking to let Japanese enjoy the fruits of their
+labour," said Philip Caldwell, Senior Managing Director of
+Shearson Lehman Brothers.
+    Contents of the report were leaded well ahead of issuance.
+    Japanese officials say they are implementing the report as
+fast as they can, said a European ambassador who has travelled
+the country asking about this issue.
+    He said People mentioned many things in line with the
+spirit of the report, including restructuring of the coal and
+steel industries.
+    A major misunderstanding is that the private report was
+government policy. Europeans are confused about this,
+underlined by von Moltke's reference to the "leadership" of the
+Maekawa report. Even so, Japanese officials point to last
+September's government programme of new economic measures.
+"Without endorsing the report as policy, officials point out
+that the government has put its signature to a programme
+designed to implement the report," the ambassador said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16833" NEWID="10772">
+<DATE>30-MAR-1987 07:32:40.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0645&#31;reute
+r f BC-ALITALIA-PILOTS-START   03-30 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALITALIA PILOTS START WEEK OF INDUSTRIAL ACTION</TITLE>
+<DATELINE>    ROME, March 30 - </DATELINE><BODY>Alitalia &lt;AZPI.MI> pilots started five
+days of industrial action today causing cancellations to dozens
+of domestic flights and chaos to several international
+services, Italian airport officials said.
+    Pilots working for the national airline are striking for
+four hours during the busy morning period every day until
+Saturday in protest at working conditions. Almost all of
+Italy's airports are affected by the action.
+    Alitalia said it had cancelled 96 domestic flights and
+warned of severe disruption to other services.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16834" NEWID="10773">
+<DATE>30-MAR-1987 07:33:08.30</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F A
+&#22;&#22;&#1;f0649&#31;reute
+r f BC-PHILADELPHIA-EXCHANGE   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA EXCHANGE TO EXTEND HOURS FOR ASIA</TITLE>
+<DATELINE>    SYDNEY, March 30 - </DATELINE><BODY>The Philadelphia Stock Exchange (PHLX),
+a leading trader of currency options, plans to extend its
+trading hours to serve Australasian and Far Eastern markets,
+exchange president Nicholas Giordano said.
+    He told reporters the PHLX will open a new session between
+1900 and 2300 hours U.S. EST from the beginning of the third
+quarter this year.
+    The PHLX is also opening an office in Hong Kong to serve
+clients in the region and educate financial markets about the
+advantages of currency options, Giordano said.
+    Giordano was in Sydney to start an Asian-Pacific tour by
+exchange executives promoting the hedging benefits of the
+exchange-trade currency option market against existing
+over-the-counter option trading during the local working day.
+    Currency options pioneered by the PHLX in 1982 had become
+an accepted means of hedging against foreign exchange risk and
+had grown in popularity, he said.
+    The PHLX now offered options in eight currencies, including
+a new Australian dollar option, and traded an average 42,000
+contracts daily with underlying open interest of more than 30
+billion U.S. Dlrs.
+    Giordano said the exchange had been impressed with the
+performance of its Australian dollar contract, which since its
+introduction last year had regularly topped the French franc as
+the third most popular traded option, with up to 8,000
+contracts traded daily.
+    Having the Philadelphia exchange open during the
+Asia-Pacific market day would open new hedging opportunities,
+set a truer level for over-the-counter option trading, increase
+arbitraging opportunities and give corporations and treasuries
+access to a currency option market of much greater depth and
+liquidity with the security of a clearing house, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16835" NEWID="10774">
+<DATE>30-MAR-1987 07:34:21.99</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0657&#31;reute
+u f BC-JAPAN-CAREFULLY-CONSI   03-30 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CAREFULLY CONSIDERING MONEY POLICY - SUMITA</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita
+said the central bank will carefully consider its monetary
+policy in light of the recent sharp fall of the dollar.
+    Asked if the Bank of Japan will consider a further cut in
+its discount rate, he said he now thinks the bank will have to
+carefully consider its future money policy.
+    He told a Lower House Budget Committee in Parliament that
+credit conditions have been eased by the five discount rate
+cuts by Japan since the beginning of last year.
+    Japan must now be especially careful about a flare-up in
+inflation, with money supply growth accelerating, he said.
+    Sumita said the central bank would continue to make a
+judgement on monetary policies while watching consumer prices,
+exchange rates and economic and financial conditions both in
+and outside Japan.
+    Asked if the September 1985 Plaza agreement was a failure
+because the dollar had fallen too far, Sumita said he still
+thought the pact was a good one in the sense that it had
+corrected the overvaluation of the dollar. But the Plaza accord
+did not set any target for the dollar's fall, he said.
+    The dollar's steep fall stems from the market's belief that
+the trade imbalance will continue to expand, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16836" NEWID="10775">
+<DATE>30-MAR-1987 07:43:05.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0669&#31;reute
+r f BC-YUGOSLAVIA-SHARPLY-IN   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA SHARPLY INCREASES SAVINGS RATES</TITLE>
+<DATELINE>    BELGRADE, March 30 - </DATELINE><BODY>Yugoslav banks said they will raise
+interest rates sharply on savings accounts from April 1.
+    The Association of Yugoslav Banks said interest rates on
+six month deposit accounts will be raised to 81 pct from 51
+pct, 12 month deposits to 84 pct from 61 pct, two year deposits
+to 86 from 64 pct and three years to 88 from 66 pct.
+    The increase is in line with Prime Minister Branko
+Mikulic's policy of bringing interest rates closer to the rate
+of inflation which is approaching 100 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16837" NEWID="10776">
+<DATE>30-MAR-1987 07:55:12.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0677&#31;reute
+b f BC-U.S.-BUDGET-DIRECTOR   03-30 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUDGET DIRECTOR SAYS NO TAX HIKE COMPROMISE</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Budget director James Miller said
+President Reagan will not compromise on his vow not to raise
+taxes despite pressure from Congress.
+    "No, the President has been very clear about that," Miller
+said on NBC's "Today" program. "The President's not going to give
+in."
+    When asked if Reagan's pledge not to raise tax rates meant
+he might go along with some tax increase not affecting rates,
+Miller replied, "No, I wouldn't read anything into the word tax
+rate. Of course that's the most important thing. But the
+President's not going to go along with a tax increase."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16838" NEWID="10777">
+<DATE>30-MAR-1987 07:56:57.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0679&#31;reute
+u f BC-CITROEN-PLANS-TO-CLOS   03-30 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITROEN PLANS TO CLOSE LEVALLOIS PLANT</TITLE>
+<DATELINE>    PARIS, March 30 - </DATELINE><BODY>Automobiles Citroen, a division of
+private car group Peugeot SA &lt;PEUP.PA>, plans to close its
+Levallois plant outside Paris in the first half of 1988,
+halting production of the 2-CV small car in France, a
+spokeswoman said.
+    The 2-CV, France's oldest popular car, was introduced in
+1949. It will continue to be produced at Citroen's Portuguese
+plant at Mangualde, the spokeswoman said.
+    Measures for the 1,090 workers employed at the plant will
+include offers of other jobs in the company, help in finding
+jobs outside it and financial incentives to return home for
+North African workers who make up about half of the workforce.
+    "We have always said that when the Levallois plant, which
+was built in 1893, could no longer produce cars profitably, we
+would close it," the spokeswoman said.
+    Sales in France dropped to about 14,008 last year from
+26,221 in 1983.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16839" NEWID="10778">
+<DATE>30-MAR-1987 08:05:54.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0705&#31;reute
+r f BC-DUTCH-BONDS-SEEN-RALL   03-30 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH BONDS SEEN RALLYING FURTHER THIS WEEK</TITLE>
+<AUTHOR>    By Emma Robson, Reuters</AUTHOR>
+<DATELINE>    AMSTERDAM, March 30 - </DATELINE><BODY>A further rally in Dutch bonds is
+likely this week, due to a lower dollar and a slightly firmer
+guilder against the mark attracting investors back to guilders
+from marks, bond analysts said.
+    The rally began last week, as proceeds from a sell-off in
+dollar paper flooded into stronger currencies.
+    The state tender of a new 6.25 pct eight-year bullet
+indicates a week of active trading, dealers said.
+    "We've not had trade like this since last year's boom around
+the May elections," said Wim Moret of Banque Paribas.
+    Moret was referring to the strong demand for Dutch bonds up
+to and following last year's election of Prime Minister Ruud
+Lubbers, whose centre-right coalition government was pledged to
+a tight economic programme which bolstered the guilder.
+    Last week, a wide sell-off of dollar and sterling boosted
+demand for mark and guilder paper. Japanese corporate investors
+were active buyers as the end of their accounting year, March
+31, approached.
+    Dutch prices and trade volume reached their highest level
+this year. Total turnover topped four billion guilders, after
+3.5 billion in the previous active trading week.
+    While volume was considerable, prices rose more moderately.
+The bourse bond index rose to 117.3 last Friday, a rise of 1.9
+against its level two week's earlier.
+    Foreign investors took the lion's share of trade last week,
+but dealers noted considerable switching by domestic investors
+as the yield differential between mark and guilder issues
+enticed arbitrage activity.
+    The dollar, mark and sterling started this week even lower,
+heightening the chances of lively foreign demand for
+guilder-denominated paper, dealers said.
+    Today's declines could also be partly attributed to
+investors selling in a bid to force down prices ahead of the
+state loan tender tomorrow.
+    "This is quite a normal situation. It's natural for
+investors to want the highest yield for the lowest price. It
+ensures firm demand at tomorrow's tender," one dealer said.
+     The terms of the new issue are seen drawing firm domestic
+and foreign demand, especially since the yield premium on Dutch
+long maturities has grown to 0.45 pct over similar mark issues.
+    The loan will be the fourth state issue for payment this
+year, and also the fourth with a 6.25 pct coupon, since Dutch
+interest rates have changed little this year.
+    Bond analysts said that in view of the state's practice of
+weighting the bulk of its capital market borrowing in the first
+half of the year, it would be likely to raise at least four
+billion guilders.
+    Dutch merchant bank Pierson, Heldring en Pierson, said the
+state has raised about 15.3 billion of its 1987 capital market
+requirement of an estimated 32 billion guilders. Of this total,
+7.3 billion was raised on the public capital market.
+    Basing their judgement on today's market conditions,
+dealers expected the loan to be priced at 101.00 pct for a
+yield of 6.09 pct.
+    "But everything hinges on tomorrow. If prices decline and
+yields rise, it may be priced at a fraction below that," one
+dealer said.
+    On the domestic front, dealers say investors are amply
+covered by a 4.2 billion guilder nine-day special advance by
+the Dutch central bank, which has given the money market
+sufficient liquidity until Friday, when the provision expires.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16840" NEWID="10779">
+<DATE>30-MAR-1987 08:08:51.13</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f0713&#31;reute
+r f BC-TOKYO-BIDS-TO-STOP-CH   03-30 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO BIDS TO STOP CHIP ROW BECOMING TRADE WAR</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>Japan is seeking to prevent its computer
+chips dispute with the U.S. From erupting into a full-scale
+trade war, government officials said.
+    "We hope that the dispute on this specific issue won't have
+an adverse effect on our overall relationship with the United
+States," a Ministry of International Trade and Industry (MITI)
+official said.
+     On Friday, Washington announced plans for as much as 300
+mln dlrs in tariffs on Japanese electronic goods for Tokyo's
+alleged failure to live up to a bilateral computer chip pact.
+    That agreement, reached last year after heated
+negotiations, called on Japan to stop selling cut-price chips
+in world markets and to buy more American-made semiconductors.
+    Foreign Ministry officials immediately tried to isolate the
+fall-out from the dispute by seeking to separate it from Prime
+Minister Yasuhiro Nakasone's planned trip to Washington at the
+end of April.
+    While Japan has already done about all it can to make sure
+the chip pact is working, the government is studying measures
+it can take in other fields to defuse American anger and ensure
+the trip's success, they said.
+    "The perception of Japan in the (U.S.) Congress is very bad,"
+one official told Reuters. "We would very much like to do
+something to respond to that."
+    In an apparent effort to prevent the chip dispute from
+spreading to other areas, MITI officials sought to depict the
+U.S. Action as a severe warning to Japanese semiconductor
+makers, not to the government.
+    Faced with a belligerent domestic chip industry and an
+angry American Congress, the Japanese government has been
+forced to walk an increasingly fine line in the semiconductor
+dispute, trade analysts said.
+    They said that it was an open secret that Japan's largest
+chip maker, NEC Corp, was not happy with what it viewed as the
+draconian measures MITI was taking to implement the pact,
+included enforced production cuts.
+    The angry response of Japanese chip makers yesterday to the
+announcement of the U.S. Tariffs highlighted the difficulties
+the government faces in taking further action.
+    "Japanese semiconductor manufacturers have complied with the
+U.S./Japan agreement," said Shoichi Saba, Chairman of the
+Electronic Industries Association of Japan.
+    He accused the U.S. of being "irrational." He said the U.S.
+action had made the bilateral chip pact "meaningless."
+    Saba's comments contrasted with those of Prime Minister
+Yasuhiro Nakasone, who said Tokyo wanted to solve the dispute
+through consultations.
+    Japan is expected to send a high-level official to
+Washington early next month to try to convince the U.S. Not to
+go ahead with the tariffs on April 17.
+    Trade analysts say Tokyo is likely to outline industry
+plans to step up purchases of U.S. chips and to propose a joint
+investigation into U.S. allegations of chip dumping.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16841" NEWID="10780">
+<DATE>30-MAR-1987 08:10:45.58</DATE>
+<TOPICS><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>france</D><D>uk</D><D>canada</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0719&#31;reute
+u f BC-/U.S.-APPEARS-TO-TOLE   03-30 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. APPEARS TO TOLERATE FURTHER DLR DECLINE</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>In a bid to hasten Japan's promise
+to speed up its economic growth and open markets to foreign
+trade, top U.S. officials appear once again to have signaled
+their tolerance of a lower dollar.
+    Treasury Secretary James Baker and one of his top aides,
+Assistant Secretary David Mulford, said last week there was no
+target for the dollar, a statement that sent the yen soaring
+against the dollar, despite massive central bank intervention.
+    "That was no slip of the tongue," said one western monetary
+official, who asked not to be identified.
+    For now, the strategy appears to be working. Japanese
+officials said late last week a package to bolster domestic
+demand will be ready in early April. Until last week, there
+were few indications the package would be ready anytime soon.
+    The Reagan administration, facing an uproar in Congress
+over the apparent lack of progress in cutting the 169.8 billion
+dlr trade deficit, is learning now that to extract results from
+Japan, dramatic action is required.
+    Last week the White House imposed unprecedented tariffs on
+certain Japanese electronic goods after Tokyo failed to adhere
+to a semi-conductor pricing accord between the two countries.
+    The shift in U.S. strategy, in part designed to appease
+mounting Congressional anger over Japanese policies, comes just
+two weeks before industrial nations reconvene here to review
+the Paris agreement to stabilize currencies.
+    And news that Japan earned a record 18 billion dlr trade
+surplus in the first two months this year just underscored the
+need for urgent action, in the view of U.S. officials.
+    Nonetheless, U.S. officials see signs of improvement in the
+deficit. "I'd be stunned if we were not going to derive some
+benefits (from the lower dollar) soon," said one.
+    In Paris, leading industrial nations agreed to cooperate
+closely to foster currency stability within ranges reflecting
+"underlying economic fundamentals" or economic reality.
+    The agreement envisages those fundamentals to include Japan
+and West Germany stimulating their economies and the United
+States cutting its budget deficit.
+    The three nations, joined by France, Britain and Canada,
+agree these policies are essential to redress huge global trade
+imbalances.
+    But analysts say markets have signalled the underlying
+fundamentals imply a lower dollar, rather than a stable one.
+    Markets, in effect, are less confident than governments
+that these measures -- including U.S. budget deficit cuts
+agreed by Congress and the White House --will be carried out.
+    Nonetheless, the dollar's sharp fall has not undermined 
+cooperation. A U.S. economic policymaker said the accord was on
+track and Tokyo and Bonn seem "to want more stimulative measures
+which is what the Paris accord calls for."
+    International monetary sources said exchange market
+developments generally have not unsettled policymakers,
+although Japan is an obvious exception. "Everybody feels it can
+still be managed," one source said of market developments.
+    But last week, the Bank of Japan spent an estimated five
+billion dlrs intervening to halt the rise in the yen, and other
+central banks about one billion dlrs.
+    Another monetary source said Japan was upset with America's
+half-hearted attempt to halt the falling dollar, flouting the
+Paris accord outright.
+    The source, close to the top levels of Japanese economic
+policymaking, said Japan's understanding of the accord was that
+the yen would be kept at around 154 to the dollar, the level it
+stood at when the accord was struck.
+    The source said Tokyo was extremely worried by Washington's
+use of the exchange rate to change Japanese policies. It was a
+"pointed reminder" to Japan to do something about the trade
+issues, the source said of the dollar's fall against the yen.
+    By departing last Sunday from the language of the Paris
+accord -- that nations agreed to foster currency stability
+around current levels -- Baker triggered a run on the dollar.
+    Later in the week, Mulford too said there was no target for
+the dollar and called on Japan and West Germany to live up to
+their international responsibilities and stimulate growth.
+    But U.S. officials said recent market developments will not
+unravel the spirit of the Paris agreement.
+    "There's a realisation now that you cannot leave things
+alone, everyone agrees that the external (trade) imbalances
+ought to be adjusted," one official said.
+    "While no-one is going to cede national sovereignty, we
+certainly seem to be moving towards much closer co-operation,"
+another U.S. official said.
+    The officials said the meeting here, where the six will be
+joined by Italy, will be a status report.
+    "Japan will have to explain what the state of their program
+is and Germany will report on its plans. Maybe there's a need
+to move faster," one source said.
+    Mulford told Congress last week the Paris accord called, in
+effect, for currency stability for several months. This would
+buy time for Japan and West Germany to speed up their economic
+growth and help bring down the U.S. trade deficit.
+    His comments appeared to serve notice on other major
+nations that Washington cannot wait too long for action to
+reduce the gap between the Japanese and German trade surpluses
+and the U.S. trade deficit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16842" NEWID="10781">
+<DATE>30-MAR-1987 08:14:23.43</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0734&#31;reute
+r f BC-BALDRIGE-PREDICTS-END   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE PREDICTS END OF U.S.-JAPAN TRADE DISPUTE</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The United States and Japan will
+soon settle their trade dispute over semiconductors, U.S.
+Commerce secretary Malcolm Baldrige said on television.
+    Baldrige, referring to the U.S.-Japan trade agreement on
+semiconductors, said: "Their government wants to live up to it.
+Their industries haven't been doing it, and I think we'll have
+a good settlement to spare both sides."
+    "I think the Japanese understand full well that they haven't
+lived up to this commitment," he said.
+    He added: "I do not think there will be a trade war at all."
+    On Friday, Washington announced plans to put as much as 300
+mln dlrs in tariffs on Japanese electronic goods from April 17,
+because of Tokyo's failure to observe the agreement.
+    The officials said the tariffs would be ended as soon as
+Japan started adhering to the agreement. But they said there
+was little chance Japan could react quickly enough to avert the
+higher tariffs.
+    Baldrige said the Reagan administration hoped the strong
+U.S. Action against Japan would convince Congress to tone down
+protectionist trade legislation now being drafted.
+    He denied the action had been taken for that reason.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16843" NEWID="10782">
+<DATE>30-MAR-1987 08:15:50.98</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f0738&#31;reute
+r f BC-U.S.-BANKER-PREDICTS   03-30 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANKER PREDICTS FURTHER DOLLAR FALL THIS YEAR</TITLE>
+<DATELINE>    ABU DHABI, March 30 - </DATELINE><BODY>A leading U.S. Banker said the dollar
+was likely to fall another five to 10 pct this year and an
+improvement in the huge American trade deficit would be only
+temporary at current world exchange rate levels.
+    Kurt Viermetz, worldwide treasurer of Morgan Guaranty Trust
+Co, told Arab currency traders meeting here that the steady
+depreciation of the dollar had not gone far enough to rein in
+U.S. deficits on a lasting basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16844" NEWID="10783">
+<DATE>30-MAR-1987 08:16:03.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0739&#31;reute
+r f BC-CALIFORNIA-THRIFT-CLO   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA THRIFT CLOSED, DEPOSITS TRANSFERED</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The Federal Home Loan Bank Board
+said that it closed Equitable Savings and Loan Association of
+Fountain Valley, California, on Friday due to insolvency,
+amongst other complaints.
+    The bank board said in a statement that Equitable's insured
+deposits have been transfered to a unit of Buffalo-based Empire
+of America Federal Savings Bank &lt;EOA> in Woodland Hills,
+California.
+    Consequently, Equitable's offices will open as Empire
+branches today.
+    Equitable had assets of 59.12 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16845" NEWID="10784">
+<DATE>30-MAR-1987 08:16:15.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0740&#31;reute
+r f PM-gencorp   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR GROUP PUTS PRESSURE ON GENCORP &lt;GY></TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>An investor partnership, seeking to
+acquire GenCorp Inc, said it would attempt to unseat the
+company's board of directors and take other hostile actions if
+the firm refuses to discuss its 2.3 billion dlr takeover bid.
+    General Acquisition Co, comprising investors Wagner and
+Brown and glass-maker AFG Industries, also reiterated its
+willingness to negotiate with Gencorp.
+    The partnership has earlier offered 100 dlrs per share for
+GenCorp -- a tire, broadcasting, plastics and aerospace
+conglommerate.
+    Analysts have speculated that GenCorp, on a break-up basis,
+could fetch more than 110 to 120 dlrs per share.
+    GenCorp officials had no comment on General Acquisition's
+statement but a spokesman reiterated an earlier request to
+shareholders to wait until its board renders an opinion before
+making a decision on the General Acquisition tender.
+    Gencorp said its statement would be made on or before the
+company's annual meeting, scheduled for Tuesday.
+    General Acquisition made its statement in a letter sent to
+the GenCorp board on Friday.
+    The partnership said it was willing to negotiate all points
+of its offer, including price.
+    The group the board cannot fully carry out its fiduciary
+duties to GenCorp shareholders and make a fully informed
+decision about its offer until it has "thoroughly explored with
+us the ways in which our offer can be revised to provide
+greater value to your shareholders."
+    General Acquisition said it is aware the board may be
+reviewing alternative transactions which might provide GenCorp
+shareholders with a payment other than cash.
+    "If that is the case, you should recognize that our
+additional equity capital may very well enable us to offer cash
+and securities having greater value than GenCorp could provide
+in any similarly structured transaction," the partnership said.
+    General Acquisition also said it believes that GenCorp's
+board has an obligation to present any alternative transaction
+it may propose to shareholders in a manner that would allow for
+competing offers.
+    The partnership requested that if any other proposal is
+under consideration that it be given the same information
+available to GenCorp's managers and advisers in constructing a
+proposal.
+     General Acquisition said that if GenCorp agrees to accept
+another buyout proposal that it also be given an opportunity to
+bid on a competitive and fair basis before any final decision
+is made.
+    General Acquisition repeated its request that GenCorp
+remove its "poison pill" or shareholders rights plan.
+    General Acquisition said if GenCorp does not allow an
+"environment for fair competition," it will take all steps
+necessary to create such an enviroment.
+    It said it may take legal action or seek the support of
+shareholders in calling a special meeting to replace the board
+and to consider other proposals it might develop.
+    General Acquisition also said if the board decides to
+accept an alternate proposal it asked that it not accept a plan
+that would include defensive features.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16846" NEWID="10785">
+<DATE>30-MAR-1987 08:17:29.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0749&#31;reute
+d f BC-RENAULT-PLANS-JOB-CUT   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENAULT PLANS JOB CUTS AT BOULOGNE PLANT</TITLE>
+<DATELINE>    PARIS, March 30 - </DATELINE><BODY>State-run carmaker Regie Nationale des
+Usines Renault &lt;RENA.PA> said it plans to cut 1,300 jobs at its
+Boulogne-Billancourt centre in Paris by this summer which will
+reduce its workforce there to 5,500 by June from a current
+6,810.
+    Renault said that in an overall plan to improve
+productivity it planned to reduce the workforce to 5,100 at the
+end of this year.
+    The car firm has already announced its intention to reduce
+its total workforce to 73,000 by end-1987 from 79,000 at the
+end of 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16847" NEWID="10786">
+<DATE>30-MAR-1987 08:17:54.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0751&#31;reute
+r f BC-UNITED-BANKS-COLORADO   03-30 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED BANKS COLORADO &lt;UBKS> ACQUISITION CLEARED</TITLE>
+<DATELINE>    DENVER, March 30 - </DATELINE><BODY>United Banks of Colorado Inc said it has
+received Federal Reserve Board approval to acquire IntraWest
+Financial Corp &lt;INTW> in an exhcnmage of 0.7234 United share
+for each IntraWest share.
+    The company said the acquisition is still subject to 30-day
+review by the U.S. Justice Department and is expected to be
+completed in the second quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16848" NEWID="10787">
+<DATE>30-MAR-1987 08:18:04.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0752&#31;reute
+r f BC-SUFFIELD'S-&lt;SSBK>-COA   03-30 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUFFIELD'S &lt;SSBK> COASTAL &lt;CSBK> BUY CLEARED</TITLE>
+<DATELINE>    SUFFIELD, Conn., March 30 - </DATELINE><BODY>Suffield Financial Corp said it
+has received approvcal from the Maine Bureau of Banking for its
+proposed acquisition of Coastal Bancorp of Portland, Maine, and
+the acquisition is expected to close around April One.
+    The approval was the last regulatory clearance required for
+the transaction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16849" NEWID="10788">
+<DATE>30-MAR-1987 08:18:28.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0754&#31;reute
+r f BC-MARKETING-SYSTEMS-&lt;MA   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARKETING SYSTEMS &lt;MASY> SEEKS ACQUISITIONS</TITLE>
+<DATELINE>    HARRISON, N.Y., March 30 - </DATELINE><BODY>Marketing Systems of America Inc
+said it has retained Richter, Cohen and Co to assist in efforts
+to redirect its business through merger or acquisition.
+    The company said as consideration for services to be
+renedered, it has agreed to grant Richter five-year warrants to
+buy 231,000 common shares at 32 cts each, exercisable starting
+in March 1988, and a negotiated fee on completion of any
+transaction.  It said it has the right to cancel the warrants
+after one year if no transaction has been completed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16850" NEWID="10789">
+<DATE>30-MAR-1987 08:18:42.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0756&#31;reute
+r f BC-CHANTAL-PHARMACEUTICA   03-30 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHANTAL PHARMACEUTICAL &lt;CHTL> SHARES TO BE SOLD</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Chantal Pharmaceutical Corp said a
+registration statement covering an offering of 1,943,850 of its
+common shares by shareholders has become effective.
+    The registration includes 1,650,000 shares sold in a
+September 1986 private placement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16851" NEWID="10790">
+<DATE>30-MAR-1987 08:18:52.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0757&#31;reute
+r f BC-ORACLE-SYSTEMS-&lt;ORCL>   03-30 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORACLE SYSTEMS &lt;ORCL> FILES FOR OFFERING</TITLE>
+<DATELINE>    BELMONT, Calif., March 30 - </DATELINE><BODY>Oracle Systems Corp said it has
+filed for an offering of 2,300,000 common shares, after
+adjustment for a recent two-for-one stock split, including
+800,000 to be sold by shareholders.
+    The company said lead underwriters are Alex. Brown and Sons
+Inc &lt;ABSB> and &lt;Donaldson, Lufkin and Jenrette Securities
+Corp>.  The offering is expected to be made in early April,
+with company proceeds used to repay all short-term debt, for
+working capital and for possible acquisitions.
+    Oracle said after the offering it will have about 28.5 mln
+shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16852" NEWID="10791">
+<DATE>30-MAR-1987 08:19:58.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0763&#31;reute
+r f BC-YORK-RESEARCH-&lt;YORK>   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YORK RESEARCH &lt;YORK> GETS EQUITY FINANCING</TITLE>
+<DATELINE>    STAMFORD, Conn., March 30 - </DATELINE><BODY>York Research Corp said it has
+completed the arrangement of 11 mln dlrs of common stock to
+European investors.
+    York said it will use the 11 mln dlrs as a construction
+pool to initially fund a series of cogeneration projects which
+it willk design, build, partially own and operate, with six
+projects already committed.  Gross revenues from the first six
+projects are expected to exceed 500 mln dlrs over their life
+cycle, York said, with revenue and income expected to start
+flowing in 1988.  Each project consists of a 20-year energy
+sale agreement, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16853" NEWID="10792">
+<DATE>30-MAR-1987 08:20:11.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0765&#31;reute
+r f BC-POTOMAC-ELECTRIC-&lt;POM   03-30 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POTOMAC ELECTRIC &lt;POM> PREFERRED SOLD</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Underwriter &lt;Drexel Burnham Lambert
+Inc> said a 50 mln dlr issue of sinking fund preferred stock of
+Pomotac Electric Power Co which it won at competitive bidding
+has sold out.
+    The shares were priced at 50 dlrs each with a 3.37 dlr
+annual dividend for a dividend yield of 6.74 pct.  It said the
+preferred carried the lowest long-term fixed rate dividend
+yield in almost 20 years for an investment grade preferred
+issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16854" NEWID="10793">
+<DATE>30-MAR-1987 08:20:16.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0766&#31;reute
+r f BC-AMVESTORS-&lt;AVFC>-FILE   03-30 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMVESTORS &lt;AVFC> FILES FOR SHARE OFFERING</TITLE>
+<DATELINE>    TOPEKA, Kan., March 30 - </DATELINE><BODY>AmVestors Financial Corp said it
+has filed to offer 2,500,000 common shares through underwriters
+&lt;Smith Barney, Harris Upham and Co Inc> and Morgan Keegan Inc
+&lt;MOR>.
+    It said proceeds will be used for general corporate
+purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16855" NEWID="10794">
+<DATE>30-MAR-1987 08:20:22.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0767&#31;reute
+r f BC-SKANSKA-TO-TAKE-STAKE   03-30 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SKANSKA TO TAKE STAKE IN CANADIAN FIRM</TITLE>
+<DATELINE>    STOCKHOLM, MARCH 30 - </DATELINE><BODY>Swedish construction and real estate
+company Skanska AB &lt;skbs.St.> said it will sell its 49 pct
+holding in Canadian building firm &lt;Canadian Foundation Company
+Ltd> to rival &lt;Banister Continental Ltd>.
+    A company spokeswoman told Reuters Skanska will receive
+Banister shares as payment, giving the Swedish group 15 pct of
+the stock in the expanded Banister firm.
+    She said Skanska will also be appointing two board members
+to the Canadian company.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16856" NEWID="10795">
+<DATE>30-MAR-1987 08:22:47.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0773&#31;reute
+u f BC-BRITISH-GAS-REPAYS-75   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH GAS REPAYS 750 MLN STG DEBT</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>British Gas Plc &lt;BRGS.L> said it repaid
+750 mln stg debt to the government, the first tranche of 2.5
+billion stg unsecured debentures issued as part of the process
+of privatisation last year.
+    The repayment of the funds for the year to end-March was in
+line with details given in the prospectus last year.
+    Before the sale, the government added the debt onto the
+British Gas balance sheet. In the year to end-March 1988 BGC
+will pay back a further 250 mln stg, followed by 400 mln in
+both 1988/89 and 1989/90 and the remainder in equal instalments
+of 350 mln over the next two years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16857" NEWID="10796">
+<DATE>30-MAR-1987 08:24:32.65</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0778&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-30 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 129 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with assistance worth 129 mln stg in the
+afternoon session. This compares with the Bank's forecast of a
+shortage in the system today of around 100 mln stg.
+    The central bank purchased 129 mln stg bank bills in band
+one at 9-7/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16858" NEWID="10797">
+<DATE>30-MAR-1987 08:28:43.46</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>greece</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0783&#31;reute
+u f BC-GREECE-SCRAPS-U.S.-BA   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREECE SCRAPS U.S. BASE CLOSURE REQUEST</TITLE>
+<DATELINE>    ATHENS, March 30 - </DATELINE><BODY>Prime Minister Andreas Papandreou has
+withdrawn a request to Washington to suspend operations at an
+American army base near Athens as a Greek-Turkish row over oil
+rights in the Aegean eased.
+    A Turkish research ship which Greece had threatened to
+tackle if it sailed into disputed waters in the Aegean Sea kept
+to Turkish territorial waters yesterday, avoiding a potential
+clash.
+    Papandreou expressed qualified optimism after briefing
+opposition leaders on Aegean developments early yesterday.
+    The Greek government later withdrew Friday's request to
+Washington to close down its telecommunications base at Nea
+Makri, north of Athens, saying that the reasons which had
+prompted it to make the request were no longer valid.
+    Under the terms of the U.S.-Greek bases accord, Greece has
+the right to ask for suspension of operations at times when its
+national interests are threatened.
+    The row in the Aegean erupted after Turkey said it would
+search for oil round three Greek islands off its coast
+following an announcement from Greece that it planned to drill
+east of Thassos island after taking control of a Canadian-led
+oil consortium operating in the northern Aegean.
+    Turkey accused Greece of breaching the 1976 Berne Agreement
+under which both sides agreed to preserve the status quo in the
+Aegean until their continental shelf dispute was settled.
+Athens says it considers the accord inactive.
+    The Turkish Foreign Ministry said in a statement it had
+received an assurance from Greece that it would not carry out
+oil activities outside its territorial waters. Greece declined
+comment on the statement.
+    Papandreou repeated an invitation to Turkey to take the
+long-standing continental shelf dispute to the International
+Court of Justice at The Hague.
+    Conservative opposition leader Constantine Mitsotakis said
+he had urged Papandreou to accept an offer from NATO General
+Secretary Lord Carrington to help resolve the row.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16859" NEWID="10798">
+<DATE>30-MAR-1987 08:31:59.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0788&#31;reute
+r f AM-GM   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORKERS TO END 4-DAY STRIKE AT GENERAL MOTORS</TITLE>
+<DATELINE>    PONTIAC, Mich., March 30 - </DATELINE><BODY>United Auto Workers members
+voted overwhelmingly to ratify a settlement in a four-day
+strike against General Motors Corp's &lt;GM> truck and bus complex
+here, a UAW official said.
+    Workers agreed to a settlement that provided for a 1.3 mln
+dlrs payment to workers by the No. 1 carmaker for an alleged
+violation of a 1984 contract and for the rehiring of about 20
+workers who were idled when their jobs went to subcontractors.
+    Some 9,000 workers walked off their jobs at the bus and
+truck plant on Thursday.
+    Members of UAW Local 594 voted 1314 to 25 to accept the
+settlement.
+    Local president Donny Douglas said of the settlement, "We
+got compensation for everything that went out."
+    Workers alleged GM violated their contract by assigning
+work traditionally done by the union to outside companies.
+Local officials also said GM violated contract provisions on
+health and safety issues, work rules, seniority and job
+classifications.
+    The local also said that GM had violated contract language
+on work rules, seniority, job classification and health and
+safety issues.
+    A spokesman for GM's Truck and Bus Group said there would
+be no company comment on the settlement's details, but said GM
+was pleased that workers would be back on the job.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16860" NEWID="10799">
+<DATE>30-MAR-1987 08:34:27.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0798&#31;reute
+r f BC-ONGPIN-SAYS-"PINS"-WI   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONGPIN SAYS "PINS" WILL REVIVE BAKER PLAN</TITLE>
+<DATELINE>    MANILA, March 30 - </DATELINE><BODY>Finance Secretary Jaime Ongpin said
+Philippine Investment Notes (PINs), to be offered to commercial
+bank creditors as part of the country's 13.2 billion dlr debt
+rescheduling, would revive the Baker Plan.
+    PINs are tradable, foreign currency-denominated financial
+instruments with a six-year maturity, designed for conversion
+into pesos to fund government-approved equity investments
+within the Philippines.
+    Ongpin told reporters after a meeting with businessmen the
+government was planning to issue between 100 and 150 mln dlrs
+worth of PINs at a discount of about 12.5 pct this year.
+    The plan, outlined by U.S. Treasury Secretary James Baker
+18 months ago, stalled because commercial banks balked at the
+idea of lending additional money, Ongpin said. It had called
+for substantial new commercial bank lending and development
+bank aid in order to help debtor countries grow out of their
+economic troubles.
+    The PINs provide a mechanism to finance the growth needed
+by these debtor nations, provided they are willing to welcome
+foreign equity investment into their economies, Ongpin told a
+businessmen's meeting. "And this can now be achieved without
+forcing commercial banks into involuntary new money lending."
+    Bankers in New York said given the booming market in
+debt-equity swaps, PINs ought to work if Manila issues the
+notes at an appropriate discount.
+    Ongpin said the use of PINs would result in anticipated
+savings of one billion pesos over the debt agreement's 17-year
+life.
+    The accord restructured 5.8 billion dlrs of previously
+rescheduled debt, 3.5 billion dlrs of debt falling due between
+January 1987 and December 1992, and 925 mln dlrs of new money
+lent by the banks in 1985 at a spread of 7/8 percentage points
+over London Interbank Offered Rates (LIBOR).
+    It also rolled over trade credits worth 2.9 billion dlrs.
+    Ongpin said the Philippines' 7-1/2 year grace period was
+better than Mexico's seven-year grace period, while the PINs
+proposal would result in savings of foreign exchange and
+generate pesos which would be reinvested in domestic
+enterprises.
+    Ongpin said the restructuring of commercial bank debt, as
+well as of 870 mln dlrs of debt by the Paris Club of Western
+creditor governments in January, was expected to reduce the
+country's debt-service ratio to between 25 and 30 pct from its
+current level of 40 to 45 pct.
+    He said the country's balance of payments was now projected
+at a surplus of about 1.2 billion dlrs in 1987, compared with a
+surplus of about 1.1 billion dlrs in 1986 and a previous
+projected deficit of 1.2 billion dlrs this year.
+    The Philippine negotiating team refined the PINs idea three
+times before the final agreement was struck last Friday, Ongpin
+said. "What we have now is PINs IV," he said.
+    Ongpin told the meeting he had kept his promise to gain
+terms better than those granted last year to Mexico, which won
+a 20-year repayment at 13/16 points over LIBOR.
+    "And they (Mexico) are a long way from seeing any money
+cross the table even as of today," Ongpin said, adding he
+expected much quicker approval from all the Philippines' 483
+creditor banks worldwide.
+    He said he had been in almost daily telephone contact with
+President Corazon Aquino, particularly when the banks began to
+take a very tough stance on pricing.
+    "But the President's instructions were unequivocal and
+unwavering, 'Do not yield one more millimetre and I don't care
+how long it takes. Get a green card if you have to, but don't
+come home without a deal we can all be proud of'," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16861" NEWID="10800">
+<DATE>30-MAR-1987 08:35:18.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0803&#31;reute
+u f BC-EC-MINISTERS-STUDY-FA   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS STUDY FARM PRICES, NO ACCORD SEEN</TITLE>
+<DATELINE>    BRUSSELS, March 30 - </DATELINE><BODY>European Community agriculture
+ministers are today taking their first serious look at farm
+price proposals for the coming season, but diplomats expect no
+agreement at the two days of talks.
+    Experts say the proposals put forward last month by the
+European Commission could lead to a double-digit percentage
+fall in guaranteed prices for the 1987/88 crop year.
+    Consideration of the price measures comes as farm surpluses
+and subsidies are set to dominate forthcoming talks under the
+General Agreement on Tariffs and Trade, GATT.
+    The talks signal the official start of months of annual
+wrangling over subsidy levels paid to the EC's 12 mln farmers.
+    Agriculture worldwide is plagued by surplus production and
+depressed prices, with domestic economic policies largely
+blamed for the crisis. The U.S. Has signaled it wants the issue
+of world over-supply pushed to the top of the list of
+international economic issues to be negotiated this year.
+    EC diplomats say that to a large extent this view is shared
+in Europe, but the political strength of well-organised farm
+lobbies leaves ministers with little room for manoeuvre.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16862" NEWID="10801">
+<DATE>30-MAR-1987 08:37:20.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0822&#31;reute
+d f BC-DOMINION-RESOURCES-&lt;D   03-30 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOMINION RESOURCES &lt;D> SEEKS RATE HIKE</TITLE>
+<DATELINE>    RICHMOND, Va., March 30 - </DATELINE><BODY>Dominion Resources Inc said it
+has asked the Virginia Corporation commission to approve fuel
+cost and base rate adjustments that would raise typical
+residential bills 1.4 pct, effective May One.
+    It said it is seeking a one-year base rate reduction of
+26.7 mln dlrs due to tax savings and a 67.5 mln dlr increase in
+fuel charges, for a net increase of 40.9 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16863" NEWID="10802">
+<DATE>30-MAR-1987 08:38:00.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0826&#31;reute
+r f BC-WEDGESTONE-REALTY-&lt;WD   03-30 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEDGESTONE REALTY &lt;WDG> ISSUES WARRANTS</TITLE>
+<DATELINE>    BOSTON, March 30 - </DATELINE><BODY>Wedgestone Realty Investors Trust said
+it has issued institutional investors 10-year warrants to buy
+575,000 shares at 16.50 dlrs each in connection with the
+previously-announced sale of 10-year promissory notes to the
+investors.
+    It said the exercise price of the warrants may be reduced
+and the number of shares increased in certain circumstances.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16864" NEWID="10803">
+<DATE>30-MAR-1987 08:39:08.75</DATE>
+<TOPICS><D>sugar</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>panama</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0832&#31;reute
+r f BC-PANAMANIAN-SUGAR-VESS   03-30 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANAMA SUGAR VESSEL SAFELY DOCKED AT GREENOCK</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>The Panamanian motor vessel Northern 1,
+4,217 dwt, was safely towed into Greenock over the weekend
+after having its crankshaft broken off the Scottish coast
+during severe weather, Lloyds Shipping Intelligence said.
+    Northern 1 was loaded with 3,000 tons of sugar from
+Demerara.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16865" NEWID="10804">
+<DATE>30-MAR-1987 08:40:05.91</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0837&#31;reute
+r f BC-JAPAN-SET-TO-RIDE-OUT   03-30 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SET TO RIDE OUT YEN RISE, OFFICIALS SAY</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>The government is determined to ride out
+the latest sharp rise of the yen without taking panic measures
+because it expects the currency's appreciation to prove
+temporary, senior officials said.
+    "The market has already located a ceiling (for the yen) and
+market forces are pushing the dollar back up a bit," one senior
+Finance Ministry official said.
+    He attributed the dollar's fall in recent days to special
+factors, in particular, selling by Japanese investors ahead of
+the March 31 end to their fiscal year.
+    That selling largely came to an end this morning after
+about one hour of trading here, the senior official said. "They
+(the investors) became more or less quiet after 10 o'clock
+(0100 GMT)," he said.
+    After falling to a record low of 144.70 yen this morning,
+the dollar edged back up in late trading to end at 146.20.
+Dealers attributed the late rise to remarks by Prime Minister
+Yasuhiro Nakasone that major nations had agreed to stabilise
+the dollar above 150 yen.
+    Several officials said they did not see any fundamental
+reason for the dollar's recent sharp fall.
+    One official even called the market's recent actions
+irrational. If anything, the U.S. Decision to slap tariffs on
+Japanese electronics goods should support the dollar against
+the yen because it will cut Japanese exports to the U.S., He
+said.
+    As a result, several officials said they saw no reason to
+alter the broad thrust of government policy agreed to at last
+month's meeting of major nations in Paris.
+    "We don't see any substantial reason to change our policy
+stance," one senior official said.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16866" NEWID="10805">
+<DATE>30-MAR-1987 08:41:15.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0845&#31;reute
+r f BC-SAGE-ANALYTICS-&lt;SAII>   03-30 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAGE ANALYTICS &lt;SAII> SETS STOCK SPLIT</TITLE>
+<DATELINE>    PROVO, Utah, March 30 - </DATELINE><BODY>Sage Analytics International Inc
+said its board has declared a three-for-two stock split,
+payable June 22 to holders of record on June Eight.
+    The company also said it will redeem warrants till
+outstanding on June Two at 10 cts each.  Each two warrants
+allow the purchase of one common share at six dlrs through June
+One.  There are presently 800,000 warrants outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16867" NEWID="10806">
+<DATE>30-MAR-1987 08:45:37.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0858&#31;reute
+r f BC-U.S.-BUDGET-DIRECTOR   03-30 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUDGET DIRECTOR SAYS NO TAX RISE COMPROMISE</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Budget director James Miller said
+President Reagan will not compromise on his vow not to raise
+taxes despite pressure from Congress.
+    "No, the President has been very clear about that," Miller
+said on NBC's "Today" program. "The President's not going to give
+in."
+    When asked if Reagan's pledge not to raise tax rates meant
+he might go along with some tax increase not affecting rates,
+Miller replied, "No, I wouldn't read anything into the word tax
+rate. Of course that's the most important thing. But the
+President's not going to go along with a tax increase."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16868" NEWID="10807">
+<DATE>30-MAR-1987 08:46:08.69</DATE>
+<TOPICS><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0859&#31;reute
+h f BC-H.K.-DEALERS-SAY-NAKA   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. DEALERS SAY NAKASONE G-6 COMMENT TOO LATE</TITLE>
+<AUTHOR>    By Joshua So, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, March 30 - </DATELINE><BODY>Remarks by Japan's Prime Minister
+Yasuhiro Nakasone that last month's G-6 meeting agreed to
+stabilize the dollar above 150 yen have come too late to
+influence currency trading, dealers said.
+    After Nakasone's statement the dollar rose to 146.40/50 yen
+from an initial low of 144.20/40 and New York's Friday finish
+of 147.15/25. But the rebound was largely on short-covering,
+they said.
+    "I think (Nakasone's) desperate," said a U.S. Bank foreign
+exchange manager.
+    Nakasone told a Lower House Budget Committee in Parliament
+that Japan and other industrialized nations committed
+themselves in Paris last month to stabilize the dollar above
+150 yen.
+    Finance Minister Kiichi Miyazawa told the same committee
+that the six - Britain, Canada, France, Japan, the U.S. And
+West Germany - had intervened aggressively since the dollar
+fell below 150 yen.
+    "His (Nakasone) remarks should have been made and should
+have had a bigger influence when the dollar was still above 150
+yen," said P.S. Tam of Morgan Guaranty Trust.
+    Tam said the dollar has hit short-term chart targets  and
+is likely to rebound. But he warned of another dip to below 145
+yen.
+    Dealers said the worsening trade relations between the U.S.
+And Japan will continue to depress the dollar.
+    The trade issue has now become a political issue since the
+Reagan Administration is facing uproar in Congress over
+th3pYgks in cutting the country's 169.8 billion dlr trade
+deficit, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16869" NEWID="10808">
+<DATE>30-MAR-1987 08:46:53.69</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0863&#31;reute
+h f BC-JAPAN-CONDUCTS-CURREN   03-30 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CONDUCTS CURRENCY SURVEY OF BIG INVESTORS</TITLE>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>A Finance Ministry official said the
+ministry has recently conducted a survey on foreign exchange
+transactions by institutional investors but declined to say if
+it was aimed at moderating their dollar sales.
+    However, financial market sources said they had heard the
+ministry has asked life insurance and securities firms to
+refrain from selling dollars, but they were unable to confirm
+this directly.
+    Dealers said life insurance firms were not major sellers of
+dollars in recent trading sessions because they had already
+sold them to hedge risks.
+    Dealers said securities houses and trust banks on the other
+hand have aggressively sold the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16870" NEWID="10809">
+<DATE>30-MAR-1987 08:47:38.36</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0865&#31;reute
+d f BC-JAPANESE-SEEN-LIGHTEN   03-30 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE SEEN LIGHTENING U.S. BOND HOLDINGS</TITLE>
+<AUTHOR>    By Yoshiko Mori, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 30 - </DATELINE><BODY>The dollar's tumble to a record low of
+144.70 yen in Tokyo today motivated some major Japanese
+investors to lighten their U.S. Bond inventory further and is
+expected to spur diversification into investment assets
+including foreign and domestic shares, dealers said.
+    The key U.S. 7-1/2 pct Treasury bond due 2016 fell to a low
+of 96.08-12 in early Tokyo trade against the 98.05-06 New York
+finish, then recovered to 96.20-22.
+    Some trust bank pension fund acccounts and investment
+trusts were seen selling several hundred million dollars on the
+foreign exchange market here today, accentuating the unit's
+tumble, securities house dealers said.
+    They seem undecided on what to do with the fresh yen cash
+positions resulting from their dollar sales today, and are
+sidelined until the currency market stabilises and the interest
+rates outlook clarifies, a Nikko Securities Co Ltd currency
+trader said.
+    The dollar's plunge and low yields on U.S. Bonds will
+further promote diversification into other foreign investments,
+as well as call back funds into the domestic bond and stock
+markets from overseas bond markets, securities bond managers
+said.
+    They said major Japanese investors in the past two years
+are estimated to have held 50 to 80 pct of their foreign
+portfolios in U.S. Bonds but many have lightened their U.S.
+Bond inventory to as low as 40 pct.
+    Since late last year, Japanese investors, seeking
+substantial liquidity and attractive yields, have used fresh
+funds to buy mark and Canadian dollar bonds and, after the
+Paris currency pact, actively bought French franc bonds and
+gilts while gradually lightening U.S. Bond inventories, the
+managers said.
+    Dealers said funds tied up in foreign assets had flowed
+into local bond and stock markets as well.
+    The yield of the key 5.1 pct 89th bond dropped to a record
+low of 4.080 pct today from the 4.140 Saturday finish and
+compared with 4.25 pct on three-month certificates of deposit.
+    The key bond has fluctuated less than five basis points for
+more than a month here, suggesting most dealers could not
+satisfy their needs for capital gains, dealers said.
+    A market survey by Reuters showed some active accounts in
+U.S. Treasuries are currently dealing on Tokyo's stock market.
+The stock market's bullishness late last week was partly due to
+funds transferred from U.S. Treasuries, dealers said.
+    Japanese net purchases of foreign securities in the first
+half of March fell an estimated one billion dlrs compared with
+average monthly net purchases of 7.7 billion for the whole of
+1986, Finance Ministry sources said.
+    The steep fall is due to Japanese investors' cool attitude
+towards U.S. Bonds, which had amounted to more than 80 pct of
+total foreign securities purchased, securities houses managers
+said.
+    Foreign stock buying in March is expected to exceed the
+record high of 1.5 billion dlrs seen in December, they said.
+    "Diversification of foreign portfolios is underway and we
+have bought bonds in currencies such as marks, the Canadian
+dollar, the ECU and French franc," a fund manager at &lt;Yasuda
+Trust and Banking Co Ltd> said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16871" NEWID="10810">
+<DATE>30-MAR-1987 08:50:56.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0872&#31;reute
+b f BC-IDEC-IZUMI-ISSUES-35   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDEC IZUMI ISSUES 35 MLN DLR EQUITY WARRANT BOND</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Idec Izumi Corp is issuing a 35 mln dlr
+Eurobond with equity warrants, due April 23, 1992 with an
+indicated coupon of 2-3/8 pct and priced at par, lead manager
+Daiwa Europe Ltd said.
+    The non-callable bonds are guaranteed by Fuji Bank Ltd and
+final terms will be set on April 6. The warrants will be
+exercisable between June 1, 1987 and April 2, 1992.
+    Gross fees of 2-1/4 pct comprise 3/4 pct for management and
+underwriting and 1-1/2 pct for selling. Listing will be in
+Luxembourg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16872" NEWID="10811">
+<DATE>30-MAR-1987 08:51:24.56</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0873&#31;reute
+u f BC-PERU-ANNOUNCES-MAJOR   03-30 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU ANNOUNCES LARGE NEW GOLD FIND</TITLE>
+<DATELINE>    LIMA, March 30 - </DATELINE><BODY>President Alan Garcia said Peru has found
+gold deposits worth an estimated 1.3 billion dlrs in a jungle
+region near the Ecuadorean border about 1,000 km north of here.
+    He told reporters yesterday the deposits, located at four
+sites near the town of San Ignasio, contained the equivalent of
+100 tonnes of gold.
+    Garcia said the government would soon install a two mln dlr
+treatment plant at Tomaque. It will extract enough ore to
+provide an estimated 25 mln dlr profit by the end of this year,
+he added.
+    Garcia said the other gold-bearing deposits are located at
+Tamborapa, Pachapidiana, and a zone between the Cenepa and
+Santiago rivers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16873" NEWID="10812">
+<DATE>30-MAR-1987 08:54:12.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0880&#31;reute
+h f BC-BRITISH-GAS-REPAYS-75   03-30 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH GAS REPAYS 750 MLN STG DEBT</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>British Gas Plc &lt;BRGS.L> said it repaid
+750 mln stg debt to the government, the first tranche of 2.5
+billion stg unsecured debentures issued as part of the process
+of privatisation last year.
+    The repayment of the funds for the year to end-March was in
+line with details given in the prospectus last year.
+    Before the sale, the government added the debt onto the
+British Gas balance sheet. In the year to end-March 1988 BGC
+will pay back a further 250 mln stg, followed by 400 mln in
+both 1988/89 and 1989/90 and the remainder in equal instalments
+of 350 mln over the next two years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16874" NEWID="10813">
+<DATE>30-MAR-1987 08:56:14.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0882&#31;reute
+r f BC-MAGMA-POWER-&lt;MGMA>-NA   03-30 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGMA POWER &lt;MGMA> NAMES NEW CHIEF EXECUTIVE</TITLE>
+<DATELINE>    SAN DIEGO, March 30 - </DATELINE><BODY>Magma Power Co said director Arnold
+L. Johnson has been named president and chief executive
+officer.
+    He succeeds Andrew W. Hoch, who moved to chairman in
+February following the resignation of B.C. McCabe Sr.
+    The company said Johnson has also been named president and
+chief executive officer of Magma Energy Inc &lt;MAGE>, which Magma
+Power controls, succeeding Hoch, who becomes Magma Energy
+chairman as well. McCabe, whom Hoch also succeeds there, has
+been named chairman emeritus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16875" NEWID="10814">
+<DATE>30-MAR-1987 08:56:18.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0883&#31;reute
+f f BC-FRENCH-13-WEEK-T-BILL   03-30 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH 13-WEEK T-BILL AVERAGE RATE FALLS TO 7.35 PCT FROM 7.37 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16876" NEWID="10815">
+<DATE>30-MAR-1987 09:03:21.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0891&#31;reute
+f f BC-******news-corp-ltd-t   03-30 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEWS CORP LTD TO ACQUIRE HARPER AND ROW PUBLISHERS INC FOR 65 DLRS/SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16877" NEWID="10816">
+<DATE>30-MAR-1987 10:22:45.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1196&#31;reute
+r f BC-canadian-worldwide   03-30 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN WORLDWIDE ENERGY BUYS TRITON&lt;OIL> UNIT</TITLE>
+<DATELINE>    CALGARY, Alberta, March 30 - </DATELINE><BODY>&lt;Canadian Worldwide Energy
+Ltd> said it acquired Triton Energy Corp's wholly owned
+Canadian subsidiary, Triton Petroleum Ltd, for the issue of
+3.75 mln common shares of Canadian Worldwide, subject to
+regulatory approvals.
+    The company said the transaction will increase Triton
+Energy's holding in Canadian Worldwide to 13.25 mln shrs or a
+60 pct fully diluted interest from 9.5 mln shares.
+    Triton Petroleum's assets consist of proven oil reserves of
+1.3 mln barrels, exploratory acreage, and unspecified working
+capital and a significant tax loss carryforward.
+    Canadian Worldwide said it is optimistic the Triton
+Petroleum Ltd acquisition will strengthen its financial and
+production base and permit acceleration of its conventional oil
+exploration program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16878" NEWID="10817">
+<DATE>30-MAR-1987 10:23:44.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1200&#31;reute
+r f BC-CLABIR-&lt;CLG>-DIVIDEND   03-30 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLABIR &lt;CLG> DIVIDENDS NOT TAXABLE</TITLE>
+<DATELINE>    GREENWICH, Conn., March 30 - </DATELINE><BODY>Clabir Corp said it has
+determined all dividends paid on its Class A common in 1986 are
+not taxable as dividend income.
+    While this is a preliminary estimate, the company said, it
+may be used by shareholders when preparing 1986 income tax
+returns.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16879" NEWID="10818">
+<DATE>30-MAR-1987 10:24:37.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1206&#31;reute
+d f BC-RLI-CORP-&lt;RLI>-TO-BEG   03-30 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RLI CORP &lt;RLI> TO BEGIN TRADING ON THE NYSE</TITLE>
+<DATELINE>    PEORIA, Ill., March 30 - </DATELINE><BODY>RLI Corp, a specialty insurance
+company, said the New York Stock Exchange has cleared it to
+begin trading its common stock on the exchange effective May 8.
+    RLI said it is currently trading on the National
+Association of Securities Dealers Automated Quotation System
+(NASDAQ) under the symbol &lt;RLIC>.
+    RLI's new symbol will be &lt;RLI>, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16880" NEWID="10819">
+<DATE>30-MAR-1987 10:24:42.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1207&#31;reute
+d f BC-TEXSCAN-HAS-TENTATIVE   03-30 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXSCAN HAS TENTATIVE REORGANIZATION PLAN</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 30 - </DATELINE><BODY>Texscan Corp said it has agreed
+in principle with its lending banks -- United Bank of Arizona
+and Security Pacific Bank -- on a joint plan of reorganization.
+    Subject to documentation, the plan will be filed within the
+next 10 days, Texscan said without providing further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16881" NEWID="10820">
+<DATE>30-MAR-1987 10:24:48.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1208&#31;reute
+h f BC-MICRO-MEMBRANES-&lt;MEMB   03-30 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRO-MEMBRANES &lt;MEMB> LAUNCHES SECOND PRODUCT</TITLE>
+<DATELINE>    NEWARK, N.J., March 30 -  </DATELINE><BODY>Micro-Membranes Inc said it
+started marketing its second product, Co-Bind Plates, which are
+used as part of diagnostic kits for sexually transmitted
+diseases, drugs, and in immunological testing.
+    The company said the product is its second since becoming
+public ten months ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16882" NEWID="10821">
+<DATE>30-MAR-1987 10:26:43.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1215&#31;reute
+d f BC-PHILIPPINES,-WORLD-BA   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES, WORLD BANK SIGN 310 MLN DLR PACKAGE</TITLE>
+<DATELINE>    MANILA, March 30 - </DATELINE><BODY>The Philippines and the World Bank have
+signed a 300 mln dlr loan and 10 mln dlr worth of technical
+assistance to help Manila in its economic recovery efforts,
+bank officials said .
+    The loan, to be disbursed in three equal tranches, is
+repayable over 20 years, including a five-year grace period,
+with a variable interest rate, currently at 7.92 pct.
+    The loan was signed by Finance Minister Jaime Ongpin and A.
+Karasmasoglu, World Bank vice-president for East Asia and the
+Pacific. Ongpin said the first tranche of 100 mln dlrs was
+expected within a month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16883" NEWID="10822">
+<DATE>30-MAR-1987 10:28:07.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1222&#31;reute
+u f BC-LENNAR-&lt;LEN>-SEES-STR   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LENNAR &lt;LEN> SEES STRONG EARNINGS FOR 1987 YEAR</TITLE>
+<DATELINE>    MIAMI, March 30 - </DATELINE><BODY>Lennar Corp chairman and president,
+Leonard Miller, said the current backlog of orders and the
+strong economy point to strong revenues and earnings for the
+balance of fiscal 1987.
+    He said the company's backlog of sales deposits on Feb 28
+was 2,416, an increase of 976 units over the previous year.
+    Lennar recorded net earnings for the first quarter 1987 of
+4,403,000, or 51 cts per share, compared to 1,775,000, or 20
+cts per share the prior first quarter. It recorded net earnings
+of 12.5 mln dlrs, or 1.43 dlrs per share, for fiscal 1986.
+    The company also said that at its April 29 annual meeting,
+shareholders will vote on increasing the company's authorized
+common stock to 45 mln shares from 15 mln. This will include 30
+mln shares of common stock and 15 mln shares of class B common
+stock, it added.
+    Those shareholders who elect to convert their shares into
+class B stock will be entitled to 10 votes per share while
+other shareholders will retain one vote per share, Lennar said.
+    The company said if this is approved, it intneds to pay
+holders of Class B stock a quarterly cash dividend of five cts
+per share and holders of the other common stock a quarterly
+cash dividend of six cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16884" NEWID="10823">
+<DATE>30-MAR-1987 10:28:17.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1224&#31;reute
+f f BC-******FORD-MOTOR-CRED   03-30 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORD MOTOR CREDIT UNIT FILES FOR TWO BILLION DLR DEBT SHELF OFFERING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16885" NEWID="10824">
+<DATE>30-MAR-1987 10:30:01.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1235&#31;reute
+r f BC-NASD-STARTS-SEARCH-FO   03-30 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASD STARTS SEARCH FOR NEW PRESIDENT</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The &lt;National Association of
+Securities Dealers Inc> said it has named a search committee to
+seek a replacement for outgoing president Gordon S. Macklin,
+who recently announced plans to become chairman of &lt;Hambrecht
+and Quist>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16886" NEWID="10825">
+<DATE>30-MAR-1987 10:30:13.38</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1237&#31;reute
+r f BC-YUGOSLAV-TRADE-FALLS   03-30 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAV TRADE FALLS SHARPLY  STATISTICS SHOW</TITLE>
+<DATELINE>    BELGRADE, March 30 - </DATELINE><BODY>Yugoslav trade is declining rapidly
+this year in hard currency terms, according to the latest
+Federal Statistics Office (FSO) figures.
+    The FSO figures showed total exports from January 1 to
+March 23 valued at 875.59 billion dinars, compared with 667.18
+billion dinars in the same period last year.
+    These figures were down by 12.5 pct on last year in dollar
+terms due to exchange rate fluctuations and changes in how the
+figures were calculated, FSO sources said.
+    This year current exchange rates were used for the first
+time instead of a fixed rate of 24.53 dinars to the dollar.
+    BELGRADE, March 30 - Yugoslav trade is declining rapidly
+this year in hard currency terms, according to the latest
+Federal Statistics Office (FSO) figures.
+    The FSO figures showed total exports from January 1 to
+March 23 valued at 875.59 billion dinars, compared with 667.18
+billion dinars in the same period last year.
+    These figures were down by 12.5 pct on last year in dollar
+terms due to exchange rate fluctuations and changes in how the
+figures were calculated, FSO sources said.
+    This year current exchange rates were used for the first
+time instead of a fixed rate of 24.53 dinars to the dollar.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16887" NEWID="10826">
+<DATE>30-MAR-1987 10:30:21.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1238&#31;reute
+r f BC-WALBRO-&lt;WALB>-SEES-ST   03-30 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALBRO &lt;WALB> SEES STRONG 1ST QTR RESULTS</TITLE>
+<DATELINE>    CASS CITY, MICH., March 30 - </DATELINE><BODY>Walbro Corp said it expects
+its first-quarter results to reach "all-time highs."
+    It projected sales exceeding 32 mln dlrs, or up 21 pct from
+the 26,488,000 dlrs reported for the 1986 first quarter. It
+said the previous high for a single quarter was 27,179,000 dlrs
+for the 1986 fourth quarter.
+    Walbro estimated income for the quarter will exceed
+first-quarter 1986 income, which was 1,953,000 dlrs, or 66 cts
+a share, by at least 40 pct. It said the first quarter of 1986
+had been the previous income record for a single quarter.
+    Walbro cited strong demand for its fuel systems products,
+especially automotive electronic fuel injection components and
+carburetors for lawn and garden applications.
+    However, it said it is unlikely the company will sustain
+the same record pace of sales and income throughout 1987, due
+to an expected reduction in throttle body sales.
+    "It now appears likely that the company's throttle body
+business with General Motors Corp &lt;GM> will peak in the first
+six months of 1987, continue at reduced levels to July 1988 and
+suffer an interruption for the period from July 1988 to July
+1989," Walbro added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16888" NEWID="10827">
+<DATE>30-MAR-1987 10:30:46.87</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E RM A
+&#22;&#22;&#1;f1242&#31;reute
+b f BC-CANADA-GDP-UP-0.1-PCT   03-30 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA GDP UP 0.1 PCT IN JANUARY</TITLE>
+<DATELINE>    OTTAWA, March 30 - </DATELINE><BODY>Canada's gross domestic product rose 0.1
+pct, seasonally adjusted, in January after gaining 1.0 pct in
+December but falling 0.1 pct and 0.3 pct in November and
+October, Statistics Canada said.
+    January's rise, in 1981 prices, was fueled largely by a 0.5
+pct gain in the goods producing sector. Output in
+services-producing industries declined 0.1 pct from December's
+level.
+    January's level was 1.29 pct higher than the same month a
+year ago.
+    The federal agency said it was the second straight gain for
+goods producing industries. Most of the growth occurred in
+manufacturing and construction.
+    Within manufacturing, strong gains were posted in the wood,
+machinery, non-metallic mineral and food product groups.
+Significant declines were recorded in the output of automobiles
+and parts, however.
+    In the services sector, increases in finance, insurance and
+communication were more than offset by declines in
+transportation, storage and the retail trade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16889" NEWID="10828">
+<DATE>30-MAR-1987 10:30:56.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1244&#31;reute
+h f BC-BRAZIL-BANK-STRIKE-CO   03-30 0066</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BRAZIL BANK STRIKE CONTINUES, STOCK MARKET CLOSED
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16890" NEWID="10829">
+<DATE> 30-MAR-1987 11:07:19.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1445&#31;reute
+r f BC-TECHNOLOGY   03-30 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNOLOGY/IBM'S NEW COMPUTER NERVOUSLY AWAITED</TITLE>
+<AUTHOR>      By Catherine Arnst, Reuters</AUTHOR>
+<DATELINE>      BOSTON, March 30 - </DATELINE><BODY>International Business Machines Corp
+&lt;IBM> is widely expected to deeply affect the personal computer
+industry this week when it announces a long awaited new
+generation of desktop machines.
+     The four new computers, expected to be called the Personal
+System 2 family, are almost sure to veer away from industrywide
+standards for personal computers that were first established by
+IBM six years ago.
+     The result id the new computers will be harder to copy and
+less likely to work with software and attachments designed for
+existing standards. Some market researchers are already
+predicting slower growth as customers adjust to the change.
+    A proprietary IBM pc will cause the pc market's growth to
+be flat or even negative in 1988 as vendors and users delay
+purchases to gauge the importance of the new machine,'' said
+John McCarthy, consultant with Forrester Research Inc.
+     IBM is traditionally very close-mouthed about unannounced
+products, but so intense is the interest in these machines that
+some details have leaked out and consultants, dealers and the
+trade press are rife with information, both factual or
+supposed.
+    The four computers expected to be announced April 2 will
+reportedly include one low end, low cost computer, two models
+that will resemble IBM's current high-end AT, and, most
+importantly, a computer incorporating Intel Corp's &lt;INTC> 80386
+microprocessor, the powerhouse chip that is revolutionizing the
+personal computer.
+    The microprocessor is the brains of a computer and Intel
+microprocessors are the ones used in all IBM and IBM-compatible
+personal computers, by far the largest segment of the desktop
+market.
+     The 80386, more commonly called the 386, processes
+computer instructions twice as fast as the chips used in
+existing IBM computers and 386-based desktop computers are as
+powerful as the much larger minicomputers of a few years ago.
+     Although IBM will not be the first company to introduce a
+386 personal computer - Compaq Corp &lt;CPQ> was - most industry
+consultants believe that customers will not rush to embrace the
+new generation until they see what the world's largest computer
+company is going to do.
+    What IBM will apparently do is introduce a computer that
+is, at least temporarily, copy-proof. That is a far different
+situation than exists with IBM's current family of personal
+computers, which are cloned widely.
+     With the Personal System, IBM will reportedly build as
+many features as possible directly into the computers'
+motherboards, including graphics capabilities, a non-standard
+bus for add-on equipment and a new version of the operating
+system used on all IBM compatible computers.
+     The word in (Silicon) Valley is that it will take two mln
+dlrs and 18 months before the machines can be copied,'' said
+Michael Murphy, publisher of the newsletter California
+Technology Stock Letter.
+      At the same time as Personal System is unveiled,
+Microsoft Corp &lt;MSFT> is expected to unveil a new version of
+its MS/DOS operating system, DOS 3.3, that will correct many of
+the programming problems encountered on earlier versions of the
+software. MS/DOS is used with all IBM personal computers.
+      Consultants said that most existing IBM-compatible
+software will run on the new computers but software written
+specifically for the Personal System will not run on older
+models.
+     The industry will be looking closely at the delivery dates
+for the new computers, particularly the 386, because if IBM
+does not start shipping its entry in this important new market
+soon, Compaq will continue to gain larger and larger market
+share.
+    Market researcher Future Computing Inc estimated that
+Compaq's Deskpro 386, which started shipping last October, is
+generating sales of between 3.5 mln and and four mln dlrs a
+month. In the first six months of availability between 21 and
+24 mln dlrs worth of Deskpro 386s were sold.
+    Said Future Computing analyst Joe Cross, "That's some
+indication of the kind of money IBM is leaving on the table."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16891" NEWID="10830">
+<DATE>30-MAR-1987 11:11:43.71</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>rice</D></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1459&#31;reute
+d f BC-SRI-LANKA-APPEALS-FOR   03-30 0147</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKA APPEALS FOR DROUGHT RELIEF AID</TITLE>
+<DATELINE>    COLOMBO, March 30 - </DATELINE><BODY>Sri Lanka has appealed to 24 countries
+for emergency aid to help 2.4 mln villagers affected by the
+country's worst drought in 36 years, government officials said.
+    Embassies received letters over the weekend outlining aid
+needed for a sixth of Sri Lanka's population in 13 districts.
+    The letter said the government had to step in "to avert
+serious economic hardship" and because the Social Services
+Ministry had already used up its entire 1987 budget provision
+of 23 mln rupees by distributing help to the worst hit areas.
+    The letter said 548.76 mln rupees were needed for a six
+month period, at least until the May-September (Yala) rice crop
+was harvested. Over 25,000 tonnes of wheat, rice, flour and
+other cereals were required, it said, along with supplies of
+sugar, lentils, dried or canned fish and milk.
+    In some of the most seriously affected districts, the Maha
+(October 1986-April 1987) crop had been "almost completely
+devastated," the letter said. Maha paddy output was now
+estimated at 70 mln bushels, 20 mln less than originally
+expected.
+    There were two scenarios for the Yala crop, with a high
+forecast of around 40 mln bushels conditional on adequate
+rainfall within the next three to four weeks.
+    "Should the present drought continue, however, production is
+estimated at around 20 mln bushels," the letter added.
+    Total estimated paddy output for 1987 would be between 90
+and 110 mln bushels, or 1.35 to 1.65 mln tonnes of rice. Last
+year's output was 124 mln bushels, down from 127 mln in 1985.
+    The letter said villagers in most seriously affected
+districts had been deprived of any means of subsistence because
+subsidiary crops had also failed.
+    It said the government's current budget did not permit it
+to provide sustained and adequate relief to those affected.
+"Revenue has been adversely affected by depressed commodity
+prices and slowing of the economy. Defence commitments continue
+to exert pressure on the expenditure side."
+    The 548.76 mln cash would cover payments of 150 rupees per
+month for each family, as well as handling, transport and
+distribution of emergency food. But such an outlay of funds by
+the government would not be possible without seriously
+impairing development projects, or "greatly fuelling inflation"
+in the economy, the letter said.
+    The letter said the Food Department would be able to
+release wheat and rice from the buffer stock to meet the
+immediate cereal requirements "provided such stocks are replaced
+subsequently."
+    The Meteorological Department said the country was
+experiencing its worst drought since 1951 and the four-month
+dry spell prevailing in most of the areas would only break when
+the monsoon rains fell in late May.
+    The letter said some areas had been experiencing the
+drought since August, and in the rice growing district of
+Kurunegala there had been no effective rainfall since June
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16892" NEWID="10831">
+<DATE>30-MAR-1987 11:14:03.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1472&#31;reute
+r f BC-MOBIL-FRANCE-TO-TAKE   03-30 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL FRANCE TO TAKE 10 PCT STAKE IN PRIMAGAZ</TITLE>
+<DATELINE>    PARIS, March 30 - </DATELINE><BODY>Mobil Corp's &lt;MOB> Mobil Oil Francaise
+unit said it will take a stake of about 10 pct in the French
+butane and propane gas distribution company &lt;Primagaz> in
+exchange for the transfer to Primagaz of Mobil's small and
+medium bulk propane activity.
+    Small and medium bulk propane sales totalled 55,000 tonnes
+in 1986 and the transfer will increase total business of
+Primagaz by about 12 pct, equal to 32,000 extra customers.
+    A Primagas spokesman said Mobil will take the stake by
+means of a capital increase, terms of which have not yet been
+established.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16893" NEWID="10832">
+<DATE>30-MAR-1987 11:14:26.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1474&#31;reute
+r f BC-METROMAIL-&lt;MTML>-SEES   03-30 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROMAIL &lt;MTML> SEES FLAT YEAR NET</TITLE>
+<DATELINE>    LINCOLN, Neb., March 30 - </DATELINE><BODY>Metromail Corp said it expects
+earnings for the year to be about flat due to higher expenses
+caused by an expansion of data processing capabilities and
+startup costs associated with new cooperative programs that
+will continue into the fourth quarter.
+    The company today reported earnings for the nine months
+ended March One of 7,214,900 dlrs, down from 7,752,800 dlrs a
+year before.  For all of last year it earned 10.9 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16894" NEWID="10833">
+<DATE>30-MAR-1987 11:14:36.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1475&#31;reute
+r f BC-REGENCY-CRUISTS-&lt;SHIP   03-30 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGENCY CRUISTS &lt;SHIP> CORRECTS EARNINGS</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Regency Cruises Inc said its earnings
+per share for the year 1986 were 36 cts per share, not the 37
+cts it reported on March 11.
+    The company lost 10 cts per share in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16895" NEWID="10834">
+<DATE>30-MAR-1987 11:16:24.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1482&#31;reute
+d f BC-MORRISON-INC-&lt;MORR>-A   03-30 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON INC &lt;MORR> ACQUIRES CUSTOM MANAGEMENT</TITLE>
+<DATELINE>    MOBILE, Ala., March 30 - </DATELINE><BODY>Morrison Inc, a diversified food
+service company, said it acquired Custom Management Corp, based
+in Kingston, Penn., for an undisclosed amount.
+    Custom manages some 215 food contract management operations
+and about 65 environmental service accounts, producing about
+100 mln dlrs in annual revenues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16896" NEWID="10835">
+<DATE>30-MAR-1987 11:16:36.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>cyprus</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1483&#31;reute
+d f BC-CHINA-WINS-CYPRUS-IRR   03-30 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA WINS CYPRUS IRRIGATION CONTRACT</TITLE>
+<DATELINE>    NICOSIA, March 30 - </DATELINE><BODY>A Chinese company has won a 3.5 mln dlr
+contract to supply pumping stations for the biggest irrigation
+project ever undertaken in Cyprus, an official announcement
+said.
+    The Southern Conveyor project, to be completed in two
+years, aims to conserve over 90 pct of the island's water
+resources by 1990 with a network of huge dams. It will raise
+water storage capacity from six mln cubic meters in 1961 to 290
+mln cubic meters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16897" NEWID="10836">
+<DATE>30-MAR-1987 11:16:54.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f1485&#31;reute
+d f BC-peter-miller-plans   03-30 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETER MILLER PLANS 2.2 MLN DLR DEBENTURE ISSUE</TITLE>
+<DATELINE>    TORONTO, March 30 - </DATELINE><BODY>&lt;Peter Miller Apparel Group Inc> said
+it signed a letter of intent to issue 2.16 mln dlrs of
+convertible debentures, subject to regulatory and board
+approvals.
+    The company said a newly incorporated merchant banking
+subsidiary of Greyvest Financial Corp has agreed to purchase
+the debenture issue and closing is expected in April.
+    The debenture carries a three year term and is convertible
+from April 1, 1987 to March 31, 1989 at 1.35 dlrs a share, and
+from April 1, 1989 to March 30, 1990 at 1.50 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16898" NEWID="10837">
+<DATE>30-MAR-1987 11:18:02.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1490&#31;reute
+f f BC-******NYNEX'S-NEW-YOR   03-30 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYNEX'S NEW YORK TELEPHONE FILES 500 MLN DLR DEBT SECURITIES SHELF REGISTRATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16899" NEWID="10838">
+<DATE>30-MAR-1987 11:18:39.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1491&#31;reute
+h f BC-GTE-&lt;GTE>-UNIT,-INDIA   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE &lt;GTE> UNIT, INDIANA NAT'L &lt;INAT> SIGN PACT</TITLE>
+<DATELINE>    INDIANAPOLIS, March 30 - </DATELINE><BODY>GTE Corp's GTE EFT Services Inc
+unit and Indiana National Corp said they have signed an
+agreement where GTE will provide electronic funds transfer
+switching services for Indiana National's MoneyMover 24-Hour
+Teller and Plus System networks.
+    The companies said GTE EFT Service will make an initial
+hookup with CommerceAmerica Banking Company, an affiliate of
+Indiana National.
+    The MoneyMover and Plus System networks support about 400
+24-hour automated teller machines in more than 80 cities in
+Indiana and Kentucky, the companies said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16900" NEWID="10839">
+<DATE>30-MAR-1987 11:19:11.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1495&#31;reute
+d f BC-ANECO-REINSURANCE-CO   03-30 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANECO REINSURANCE CO LTD &lt;ANECF> YEAR NET</TITLE>
+<DATELINE>    NEW YORK, March 30 -
+    </DATELINE><BODY>Shr profit 80 cts vs loss 1.60 dlrs
+    Net profit 1,673,960 vs loss 3,292,663
+    NOTE: 1986 net includes gain on bond portfolio of 1,160,000
+dlrs and 5,600,000 dlr provision for losses on discontinued
+liability and multi-peril lines of reinsurance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16901" NEWID="10840">
+<DATE>30-MAR-1987 11:19:29.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1496&#31;reute
+r f BC-TEXAS-INTERNATIONAL-C   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INTERNATIONAL CO &lt;TEI> 4TH QTR LOSS</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 30 -
+    </DATELINE><BODY>Shr loss 36 cts vs loss 36 cts
+    Net loss 20.1 mln vs loss 12.6 mln
+    Revs 12.5 mln vs 24.9 mln
+    Avg shrs 55.8 mln vs 34.7 mln
+    Year
+    Shr loss 1.11 dlrs vs loss 1.05 dlrs
+    Net loss 50.8 ln vs loss 31.9 mln
+    Revs 63.7 mln vs 106.9 mln
+    Avg shrs 45.8 mln vs 30.2 mln
+    NOTE: Net includes extraordinary gains of 247,0000 dlrs vs
+nil in quarter and 809,000 dlrs vs 425,000 dlrs in year.
+    1985 year net includes 6,700,000 dlr credit for previous
+overpayments of windfall profits taxes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16902" NEWID="10841">
+<DATE>30-MAR-1987 11:19:37.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1497&#31;reute
+r f BC-SCIENTIFIC-MICRO-&lt;SMS   03-30 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCIENTIFIC MICRO &lt;SMSI> SEES HIGHER REVENUES</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., March 30 - </DATELINE><BODY>Scientific Micro Systems
+Inc said it expects first quarter revenues to rise by about 60
+pct to 24 mln dlrs, compared with the 15 mln reported for the
+first quarter last year.
+    The company said it experienced revenue growth across all
+product lines during the quarter.
+    It also said revenue growth should continue during the year
+and the company should experience improved profitability in the
+second half when acquisition and new product introduction costs
+will not have a significant impact on earnings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16903" NEWID="10842">
+<DATE>30-MAR-1987 11:22:43.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1506&#31;reute
+b f BC-NYNEX-&lt;NYN>-UNIT-FILE   03-30 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYNEX &lt;NYN> UNIT FILES TO OFFER DEBT SECUTITIES</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>New York Telephone Co, a unit of NYNEX
+Corp, said it filed with the Securities and Exchange Commission
+a shelf registration statement covering up to 500 mln dlrs of
+debt securities.
+    Proceeds will be to refinance outstanding debt or for
+general corporate purposes, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16904" NEWID="10843">
+<DATE>30-MAR-1987 11:26:39.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1517&#31;reute
+r f BC-BOLT-BERANEK-&lt;BBN>-FI   03-30 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLT BERANEK &lt;BBN> FILES FOR DEBENTURE OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Bolt Beranek and Newman Inc said it
+filed with the Securities and Exchange Commission a
+registration statement covering a 75 mln dlr issue of
+convertible subordinated debentures due 2012.
+    A portion of the proceeds will be used to acquire all of
+the outstanding capital stock of Network Switching Systems Inc.
+ Another part will allow Bolt to exercise its option to
+purchase all of the limited partnership interests in BBN
+RS/Expert Limited Partnership, with the rest used for general
+corporate purposes. The company named PaineWebber, Merrill
+Lynch and Montgomery Securities as underwriters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16905" NEWID="10844">
+<DATE>30-MAR-1987 11:30:58.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1533&#31;reute
+f f BC-******HENLEY-GROUP-SA   03-30 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HENLEY GROUP SAID HAS CLOSE TO FIVE PCT OR 7.9 MLN SHARES OF SANTA FE SOUTHERN PACIFIC AS INVESTMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16906" NEWID="10845">
+<DATE>30-MAR-1987 11:37:05.25</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1568&#31;reute
+u f BC-MEXICAN-FIRST-QTR-CRU   03-30 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICAN FIRST QTR CRUDE EXPORTS SEEN AT 15.25 DLRS</TITLE>
+<DATELINE>    MEXICO CITY, March 30 - </DATELINE><BODY>The average price of mexico's crude
+oil exports in first quarter 1987 will be 15.25 dlrs per
+barrel, according to preliminary figures issued in a press
+release by the state oil company Petroleos Mexicanos (PEMEX).
+    It gave no direct comparison with the year-ago figure but
+said crude and products sales were expected to rise to 1.99
+billion dlrs this quarter, 420 mln dlrs higher than expected
+and 22 pct better than the year-ago quarter.
+    Prospects for the second quarter were relatively favourable
+with crude exports seen at 1.320 mln bpd after an expected
+1.324 mln this month, 1.323 in February and 1.395 mln in
+January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16907" NEWID="10846">
+<DATE>30-MAR-1987 11:37:32.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1571&#31;reute
+r f BC-LONDON-STOCK-EXCHANGE   03-30 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON STOCK EXCHANGE REVISES FT-SE CONSTITUENTS</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>The London Stock Exchange announced
+three changes to stocks included in the FT-SE 100 share index
+after a regular quarterly revision of its constituents.
+    Recently privatised British Airways Plc, the 70th of the
+top 100 U.K. Companies by market capitalisation, is included
+from next quarter, while Argyll Group Plc and British and
+Commonwealth Holdings Plc return to the index after
+acquisitions, and rate 44th and 66th respectively.
+    A statement said Imperial Continental Gas Association may
+be among three firms excluded if a proposed split in its
+operations goes through.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16908" NEWID="10847">
+<DATE>30-MAR-1987 11:37:39.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1572&#31;reute
+r f BC-TEXAS-INTERNATIONAL-&lt;   03-30 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INTERNATIONAL &lt;TEI> HAS UNQUALIFIED AUDIT</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 30 - </DATELINE><BODY>Texas International Inc said it
+has received an unqualified audit opinion from auditor Arthur
+Andersen and Co.
+    The company had received a qualified opinion on 1985
+financial statements subject to its ability to resolve
+negotiations with its U.S. bank group.  Subsequently, it sold
+almost all its domestic oil and natural gas properties and
+retired all U.S. bank debt in March 1987 with part of the
+proceeds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16909" NEWID="10848">
+<DATE>30-MAR-1987 11:38:07.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1576&#31;reute
+r f BC-TENNECO-&lt;TGT>-BUYS-UN   03-30 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENNECO &lt;TGT> BUYS UNISYS &lt;UIS> UNIT</TITLE>
+<DATELINE>    NEWPORT NEWS, Va., March 30 - </DATELINE><BODY>Tenneco Inc said its Newport
+News Shipbuilding subsidiary has completed the purchase of the
+Sperry Marine Systems division of Unisys Corp for about 70 mln
+dlrs.
+    Sperry Marine has annual revenues of about 100 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16910" NEWID="10849">
+<DATE>30-MAR-1987 11:38:44.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1580&#31;reute
+r f BC-BIOGEN-&lt;BGENF>-MAY-SE   03-30 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOGEN &lt;BGENF> MAY SELL EUROPEAN OPERATIONS</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., March 30 - </DATELINE><BODY>Biogen NV said as part of a
+program to reduce expenses, it is in talks on the sale of its
+Geneva, Switzerland operations.
+    The company gave no details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16911" NEWID="10850">
+<DATE>30-MAR-1987 11:38:54.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1582&#31;reute
+r f BC-TEXSCAN-REACHES-REORG   03-30 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXSCAN REACHES REORGANIZATION AGREEMENT</TITLE>
+<DATELINE>    PHOENIX, Ariz., March 30 - </DATELINE><BODY>&lt;Texscan Corp>, which filed for
+bankruptcy in November 1985, said it reached an agreement in
+principle with its lending bank group on a joint reorganization
+plan.
+    The company said it expects to file the plan within the
+next 10 days.
+    Additional detail was not provided.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16912" NEWID="10851">
+<DATE>30-MAR-1987 11:38:59.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1583&#31;reute
+d f BC-MILTOPE-GROUP-INC-&lt;MI   03-30 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILTOPE GROUP INC &lt;MILT> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 30 -
+    </DATELINE><BODY>Shr 10 cts vs 29 cts
+    Net 584,000 vs 1,688,000
+    Sales 19.8 mln vs 16.9 mln
+    Avg shrs 5,959,000 vs 5,762,000
+    Year
+    Shr 68 cts vs 96 cts
+    Net 4,013,000 vs 5,430,000
+    Sales 68.1 mln vs 61.3 mln
+    Avg shrs 5,934,000 vs 5,679,000
+    Backlog 67.9 mln vs 60.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16913" NEWID="10852">
+<DATE>30-MAR-1987 11:39:07.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1584&#31;reute
+d f BC-SPECTRUM-CONCEPTS-UNV   03-30 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPECTRUM CONCEPTS UNVEILS NETWORKING PRODUCT</TITLE>
+<DATELINE>    LAS VEGAS, March 30 - </DATELINE><BODY>&lt;Spectrum Concepts Inc> said it
+unveiled a new software product called XCOM 6.2 that links
+various computer systems together.
+    The company said the software can transfer data between
+International Business Machine Corp's &lt;IBM> mainframe
+computers, System/38 minicomputers, Digital Equipment Corp
+&lt;DEC> Vax minicomputers, IBM personal computers and Token Ring
+local area networks.
+    It said prices range from 26,000 dlrs for a mainframe
+license to 200 dlrs for each personal computer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16914" NEWID="10853">
+<DATE>30-MAR-1987 11:39:11.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1585&#31;reute
+d f BC-ALOETTE-COSMETICS-INC   03-30 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALOETTE COSMETICS INC &lt;ALET> 4TH QTR DEC 31 NET</TITLE>
+<DATELINE>    PHILADELPHIA, March 30 -
+    </DATELINE><BODY>Shr 12 cts vs 12 cts
+    Net 337,000 vs 235,000
+    Revs 3,350,000 vs 1,642,000
+    Avg shrs 2,935,734 vs 2,000,000
+    Year
+    Shr 69 cts vs 56 cts
+    Net 1,815,000 vs 1,112,000
+    Revs 12.1 mln vs 7,709,000
+    Avg shrs 2,648,257 vs 2,000,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16915" NEWID="10854">
+<DATE>30-MAR-1987 11:39:42.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1586&#31;reute
+u f BC-TRADE-BODY-SETS-NEW-R   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE BODY SETS NEW RULES FOR EURODOLLAR MANAGERS</TITLE>
+<DATELINE>    London, March 30 - </DATELINE><BODY>The International Primary Market Makers
+Association, a trade organisation, said its board last week
+adopted new rules recommending lead managers of eurodollar bond
+issues make a market in that security for 12 months.
+    Currently, while there is an implied obligation on the part
+of firms to make markets in issues they underwrite, there is no
+formal obligation to do so.
+    Christopher Sibson, secretary general of IPMA, in
+explaining why the recommendation was adopted, said "It is aimed
+at the problem of the lead manager who does a deal and
+disappears."
+    Sibson said the organization cannot force its members to
+adhere to the rule. "We're under no illusions about the legal
+binding force of these recommendations," he said.
+    Lead managers have occasionally abandoned efforts to
+support an unprofitable issue just a short while after it has
+been offered, leaving investors and smaller firms with no one
+to buy it back from them.
+    Most recently, when prices of perpetual floating rates
+notes (FRNs) suddenly plunged, most market makers abandoned the
+securities altogether, leaving investors stuck with about 17
+billion dlrs worth of unmarketable securities on their books.
+     Sibson noted that the recommendation adopted by the board
+only applies  to fixed-rate dollar issues and would not have
+helped the floating rate sector out of its current crisis.
+    Among other measures, the IPMA also decided that the
+criteria for membership should be tightened to exclude some of
+the smaller firms.
+    Under the new rules, a firm must be the book running lead
+manager during the two preceding years of 12 internationally
+distributed debt issues denominated in U.S. Dlrs or in one of
+eight other major currencies.
+    The former requirement called for three lead-managed
+issues. Sibson said he expects the tighter entrance
+requirements to pare 3he current list of 67 members down by six
+to 10 members.
+    Smaller firms have criticized IPMA's efforts to restrict
+membership to the larger firms, saying it is anti-competitive
+and that it reinforces the big firms' already large market
+share.
+    "Belonging to IPMA carries a certain amount of prestige with
+borrowers," said a dealer at a small foreign bank. "The borrower
+says to himself, "Well I can travel economy or I can travel
+first class,'" he said.
+    Sibson defended the new rules saying "We have to steer a
+course between representing the interests of the major market
+makers and the less desirable goal of representing everybody."
+    In any event, he said, the size of the market has expanded
+to the point where the former minimum size requirements were
+just too small.
+    Also, IPMA members will be required to register with the
+Association of International Bond Dealers as reporting dealers,
+submitting daily information on prices on issues in which they
+are market makers. The effective date of the rule has yet to be
+determined.
+    Dealers said that the rule would enable investors and
+secondary market makers to better evaluate the appropriate
+market price for their securities. Such a rule would make
+investors more confident of trading in the eurobond market and
+would increase liquidity, they said.
+    Dealers said that the form of the reporting has not yet
+been spelled out. But previous discussion of the reporting
+requirement considered firms listing the closing price of a
+given security as well as the high and low for the day.
+     Members also agreed at the IPMA meeting on the
+implementation of a new communications system which enables a
+lead manager to invite all potential management group members
+in to a deal at the same time.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16916" NEWID="10855">
+<DATE>30-MAR-1987 11:40:02.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1588&#31;reute
+d f BC-INTERNATIONAL-PROTEIN   03-30 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL PROTEINS CORP &lt;PRO> YEAR NET</TITLE>
+<DATELINE>    NEW YORK, March 30 -
+    </DATELINE><BODY>Oper shr 49 cts vs 22 cts
+    Oper net 1,018,000 vs 468,000
+    Sales 95.0 mln vs 98.3 mln
+    NOTE: Net excludes tax credits of 284,000 dlrs vs 310,000
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16917" NEWID="10856">
+<DATE>30-MAR-1987 11:40:12.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1589&#31;reute
+d f BC-CSM-SYSTEMS-INC-&lt;CSMS   03-30 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSM SYSTEMS INC &lt;CSMS> YEAR ENDED DEC 31 LOSS</TITLE>
+<DATELINE>    NEW YORK, March 30 -
+    </DATELINE><BODY>Shr loss 20 cts vs profit 24 cts
+    Net loss 173,578 vs profit 211,324
+    Revs 4,558,244 vs 5,595,644
+    NOTE: Earnings per share restated retroactively for all
+periods to reflect 20 pct stock dividend in April 1984 and 25
+pct stock split September 1985.
+    Revenues include progress receivables on long-term
+contracts not billed to customers, and reflect the
+proportionate elements of profit as revenues based on stage of
+completion of long term contracts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16918" NEWID="10857">
+<DATE>30-MAR-1987 11:40:35.66</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f1592&#31;reute
+u f BC-iowa-s-minn-hog-rcpts   03-30 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+**<TITLE>Ia-So Minn direct hogs estimated rcpts 95,000 vs actual week ago 93,000 and actual year ago 93,000.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16919" NEWID="10858">
+<DATE>30-MAR-1987 11:41:36.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1593&#31;reute
+r f BC-BAXTER-&lt;BAX>-STARTS-C   03-30 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAXTER &lt;BAX> STARTS CLINICAL TRIALS ON DRUG</TITLE>
+<DATELINE>    DEERFIELD, ILL., March 30 - </DATELINE><BODY>Baxter Travenol Laboratories
+said its Hyland Therapeutics unit has started the first human
+clinical trials on genetically engineered Factor VIII, the
+clotting agent missing from the blood of most hemophiliacs.
+    It said unlike Factor VIII concentrates currently in use,
+genetically engineered Factor VIII would not be limited by the
+availability of human plasma and will be completely free from
+blood-borne viruses, including AIDS and all forms of hepatitis,
+Baxter said.
+    Baxter also said it is in the final states of U.S. clinical
+trials on a highly purified form of Factor VIII derived from
+human plasma that is produced using an advanced process
+incorporating monoclonal antibody purification.
+    It said Genetics Institute, a publicly held biotechnology
+company in which Baxter is a shareholder, will supply the
+protein used for human clinical testing, as well as a
+substantial portion of ongoing production requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16920" NEWID="10859">
+<DATE>30-MAR-1987 11:42:00.65</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1595&#31;reute
+f f BC-******FED-SETS-TWO-BI   03-30 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16921" NEWID="10860">
+<DATE>30-MAR-1987 11:42:10.54</DATE>
+<TOPICS><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1596&#31;reute
+u f BC-GLOBAL-RAISES-HEAVY-F   03-30 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLOBAL RAISES HEAVY FUELS PRICES</TITLE>
+<DATELINE>    New York, March 30 - </DATELINE><BODY>Global Petroleum Corp said today it
+raised its posted prices for numbers six fuel cargoes in the
+new york harbor 70 cts to 1.60 dlrs per barrel, depending on
+grade.
+    Effective today, the new prices are: 0.3 pct sulphur 22.50
+dlrs, up 1.25; 0.5 pct sulphur 21.85 dlrs, up 1.60; one pct
+sulphur 20.10 dlrs, up 70 cts; two pct sulphur 19.85, up 75
+cts; 2.2 pct sulphur 19.25 dlrs, up 90 cts; 2.5 pct sulphur
+18.80 dlrs, up 1.20, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16922" NEWID="10861">
+<DATE>30-MAR-1987 11:43:00.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1600&#31;reute
+b f BC-LONDON'S-FTSE-100-FAL   03-30 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON'S FTSE 100 FALLS BY LARGEST EVER MARGIN</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>The Financial Times/Stock Exchange index
+of Britain's 100 leading shares fell by its largest ever margin
+in points terms during a single session, dropping 46.1 to close
+at 2,002.5. The index earlier today touched a low of 1,993.7.
+    Before today the largest one day points decline was a 35.8
+point drop on February 9.
+    The index fall was triggered by fears a trade war could
+break out with Japan following news the U.S. Increased tariffs
+on Japanese imports after the breakdown of a 1986 semiconductor
+pact. Today's sharp sell off at the Wall Street opening gave
+selling momentum to a market which was already at its lows.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16923" NEWID="10862">
+<DATE>30-MAR-1987 11:44:21.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D><D>greece</D></PLACES>
+<PEOPLE><D>ozal</D><D>papandreou</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1608&#31;reute
+u f BC-TURKISH-PREMIER-HINTS   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH PREMIER HINTS AT AEGEAN TALKS</TITLE>
+<DATELINE>    ANKARA, March 30 - </DATELINE><BODY>Prime Minister Turgut Ozal said Turkey's
+latest row with Greece over oil rights in the Aegean Sea showed
+the need for talks and "an opportunity has emerged for this."
+    He spoke to reporters after talks with Turkey's ambassador
+to Athens who arrived last night from a meeting with Greek
+Prime Minister Andreas Papandreou. A reply would be made to
+Greece shortly, Ozal said.
+    He did not say whether he was taking up Papandreou's
+renewed offer to go to the International Court of Justice in
+The Hague but said such a move was not the only way to a
+solution
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16924" NEWID="10863">
+<DATE>30-MAR-1987 11:45:07.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1614&#31;reute
+u f BC-U.K.-GOVERNMENT-BONDS   03-30 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. GOVERNMENT BONDS PLUMMET WITH U.S. ISSUES</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>The U.K. Government bond market closed
+showing severe losses ranging to almost 1-1/2 points as sharp
+falls for U.S Treasury bonds resulting from pronounced dollar
+weakness exacerbated existing uncertainty, dealers said.
+    Selling was described as relatively modest, although very
+few buyers appeared to take up the slack. Much of the momentum
+was derived from the futures market, where a high 33,074 lots
+were traded in the long gilt June contract.
+    The Treasury 13-1/2 pct stock due 2004/08 closed 1-7/16
+point lower at 135-20/32 stg pct while the Treasury 10 pct due
+1991 ended at 105-12/32 for a fall of 1-3/16.
+    Dealers noted that market confidence had already been at a
+low ebb, with much of the recent impressive rise whittled away
+last week as investors reacted nervously to opinion polls
+showing unexpectedly strong gains for the centrist
+Liberal/Social Democratic alliance.
+    The market had been sustained in large part during its
+recent rally by a virtual conviction that the ruling
+Conservative party would first call and then win a general
+election early this summer.
+    However, advances credited to the alliance last week have
+cast doubt on both assumptions.
+    "Turnover in the cash market has actually been quite small,"
+one dealer said, adding that price movements had been very
+volatile at times.
+    After losing ground heavily in the Far East in tandem with
+the flagging dollar, U.S. Bonds fell further in London trading
+but showed some signs of recovery late in the U.S. Morning as
+the dollar steadied a little against the yen. The latest period
+of weakness for the dollar has accentuated fears that currency
+risk might induce Japanese investors in particular to undertake
+dramatic reductions in their portfolios of U.S. Treasury
+issues.
+    Dealers noted that early strength in the index-linked
+sector of the market, which had enabled the Government broker
+to supply some of both index-linked stock tranches announced on
+Friday, had soon fallen prey to the general depression
+affecting gilts.
+    The Treasury 2-1/2 pct index-linked stock due 2020 closed
+just under one point lower at 100-11/32 stg pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16925" NEWID="10864">
+<DATE>30-MAR-1987 11:45:23.00</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1616&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-30 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange two billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at 6-3/8 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16926" NEWID="10865">
+<DATE>30-MAR-1987 11:45:57.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1620&#31;reute
+r f BC-CENTRONICS-&lt;CEN>-CHAI   03-30 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRONICS &lt;CEN> CHAIRMAN RESIGNS</TITLE>
+<DATELINE>    NASHUA, N.H., March 30 - </DATELINE><BODY>Centronics Corp said its chairman,
+Stephen Weinroth, resigned his post to devote more time to his
+duties as managing director of Drexel Burnham Lambert Inc.
+    The company said Thomas Kamp, formerly vice chairman, was
+named to replace Weinroth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16927" NEWID="10866">
+<DATE>30-MAR-1987 11:46:27.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f1624&#31;reute
+r f BC-PHILADELPHIA-EXCHANGE   03-30 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA EXCHANGE SETS FAR EAST MARKETING</TITLE>
+<DATELINE>    PHILADELPHIA, March 30 - </DATELINE><BODY>The &lt;Philadelphia Stock Exchange>
+said it has established a Far East marketing division based in
+Hong Kong to try to broaden participation among international
+banks, multinational corporations and trading firms in its
+foreign currency options market.
+    The exchange said the new division will shortly open a
+representative office in Tokyo.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16928" NEWID="10867">
+<DATE>30-MAR-1987 11:46:35.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1625&#31;reute
+r f BC-bow-valley-industries   03-30 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOW VALLEY INDUSTRIES&lt;BVI> SETS SECONDARY ISSUE</TITLE>
+<DATELINE>    CALGARY, Alberta, March 30 - </DATELINE><BODY>Bow Valley Industries Ltd said
+it filed a preliminary short form prospectus in Canada and the
+United States for a secondary offering of 22.8 pct of
+outstanding common stock, or 9,362,197 common shares, being
+sold by certain shareholders.
+    The company said Bowcan Holdings Inc, a holding company
+principally owned by the Seaman brothers of Calgary and Charles
+Rosner Bronfman Trust of Montreal, is offering to sell all of
+its holding of 8,279,665 Bow Valley common shares.
+    The balance of the offering is owned directly and
+indirectly by various trusts of Jean and Charles deGunzberg.
+    Proceeds and expenses from the secondary offering of Bow
+Valley Industries common shares are for the account of the
+selling shareholders, the company said.
+    The shareholders will engage Salomon Brothers Inc for
+distribution of the shares in the United States and McLeod
+Young Weir Ltd for distribution in Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16929" NEWID="10868">
+<DATE>30-MAR-1987 11:46:42.49</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1626&#31;reute
+r f BC-&lt;CORNUCOPIA-RESOURCES   03-30 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CORNUCOPIA RESOURCES LTD> IN DRILLING PROGRAM</TITLE>
+<DATELINE>    VANCOUVER, March 30 - </DATELINE><BODY>Cornucopia Resources Ltd said an
+extensive drill and sampling program will begin in mid-April at
+its Ivanhoe gold property in north central Nevada.
+    It said it will seek to increase the present reserves of
+eight mln short tons grading 0.045 ounce of gold per ton that
+had been found by USX Corp &lt;X> on a small portion of the
+13,.000 acre property, determine the location of possible
+high-grade ore zones at depth and test other targets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16930" NEWID="10869">
+<DATE>30-MAR-1987 11:46:49.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1627&#31;reute
+r f BC-WESTINGHOUSE-&lt;WX>-TO   03-30 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTINGHOUSE &lt;WX> TO MOVE POWER GENERATION UNIT</TITLE>
+<DATELINE>    PITTSBURGH, March 30 - </DATELINE><BODY>Westinghouse Electric Corp said it
+has relocated its power generation service division
+headquarters to locations of existing Westinghouse operations
+in Monroeville, Pa., and Orlando, Fla.
+    The company said about 25 of the 135 employees at the
+Broomall site will be moved to Monroeville and 45 to Orlando,
+with the remaining 65 having their employment terminated.
+    It said terminated employees will receive enhanced
+separation benefits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16931" NEWID="10870">
+<DATE>30-MAR-1987 11:47:09.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1630&#31;reute
+d f BC-COGNITRONICS-CORP-&lt;CG   03-30 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COGNITRONICS CORP &lt;CGN> 4TH QTR LOSS</TITLE>
+<DATELINE>    STAMFORD, Conn., March 30 -
+    </DATELINE><BODY>Shr loss 78 cts vs loss 18 cts
+    Net loss 1,671,000 vs loss 382,000
+    Revs 3,261,000 vs 4,427,000
+    Year
+    Shr loss 1.35 dlr vs loss 15 cts
+    Net loss 2,902,000 vs loss 331,000
+    Revs 13.5 mln vs 16.1 mln
+    NOTE: 1986 and 1985 4th qtr net includes charges of 867,000
+dlrs or 40 cts a share and 222,000 or 10 cts a share,
+respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16932" NEWID="10871">
+<DATE>30-MAR-1987 11:48:34.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1632&#31;reute
+f f BC-******allegheny-inter   03-30 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALLEGHENY INTERNATIONAL SELLS WILKINSON SWORD GROUP FOR 230 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16933" NEWID="10872">
+<DATE>30-MAR-1987 11:49:24.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1636&#31;reute
+u f BC-HENLEY-&lt;HENG>-HAS-SAN   03-30 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENLEY &lt;HENG> HAS SANTA FE SOUTHERN &lt;SFX> STAKE</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Henley Group said in a 10-K filing
+with the Securities and Exchange Commission that it has 7.9 mln
+shares or close to five pct of Santa Fe Southern Pacific Corp,
+a spokesman said.
+    In response to questions from Reuters, the Henley spokesman
+said the filing was as of December 31, 1986, but that the
+company still holds the shares.
+    "It's an investment and we're very happy with it. Beyond
+that, I have no comment," the spokesman said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16934" NEWID="10873">
+<DATE>30-MAR-1987 11:49:32.03</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1637&#31;reute
+d f BC-MEXICAN-FIRST-QTR-CRU   03-30 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICAN FIRST QTR CRUDE EXPORTS SEEN AT 15.25 DLRS</TITLE>
+<DATELINE>    MEXICO CITY, March 30 - </DATELINE><BODY>The average price of mexico's crude
+oil exports in first quarter 1987 will be 15.25 dlrs per
+barrel, according to preliminary figures issued in a press
+release by the state oil company Petroleos Mexicanos (PEMEX).
+    It gave no direct comparison with the year-ago figure but
+said crude and products sales were expected to rise to 1.99
+billion dlrs this quarter, 420 mln dlrs higher than expected
+and 22 pct better than the year-ago quarter.
+    Prospects for the second quarter were relatively favourable
+with crude exports seen at 1.320 mln bpd after an expected
+1.324 mln this month, 1.323 in February and 1.395 mln in
+January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16935" NEWID="10874">
+<DATE>30-MAR-1987 11:50:56.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1643&#31;reute
+u f BC-COMBUSTION-&lt;CSP>-COMP   03-30 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMBUSTION &lt;CSP> COMPLETES ACCURAY &lt;ACRA> BUY</TITLE>
+<DATELINE>    STAMFORD, Conn., March 30 - </DATELINE><BODY>Combustion Engineering Inc said
+it has completed the previously-announced acquisition of
+AccuRay Corp in a merger trasaction that closed Friday at 45
+dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16936" NEWID="10875">
+<DATE>30-MAR-1987 11:51:37.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1645&#31;reute
+r f BC-REYNOLDS-AND-REYNOLDS   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REYNOLDS AND REYNOLDS SUED FOR THEFT OF SECRETS</TITLE>
+<DATELINE>    DETROIT, March 30 - </DATELINE><BODY>&lt;Advanced Voice Technologies Inc> said
+it has filed a suit against Reynolds and Reynolds Co &lt;REYNA>,
+charging the company with pirating a computer-based voice
+messaging system for auto dealer service departments (CASI),
+using confidential information it received while test marketing
+the system for Advanced Voice.
+    Advanced Voice said the suit also charges that Reynolds and
+Reynolds advised present and potential customers of Advanced
+Voice not to use or buy its CASI system in an attempt to drive
+the Nashville, Tenn.-based company out of interstate sales to
+auto dealerships.
+    The lawsuit, filed in a Detroit U.S. District Court, seeks
+preliminary and permanent injunctions to stop Reynolds and
+Reynolds from using or disclosing information it gained from
+Advanced Voice, as well as punitive and compensatory damages,
+Advnaced Voice said.
+    The company also said in its suit it had signed a
+confidentiality agreement with Reynolds and Reynolds before
+giving it business and technical information about the CASI
+system. Afterwards, Reynolds and Reynolds told Advanced Voice
+it would not distribute the CASI system, but would develop its
+own instead, Advanced Voice said.
+    "We held virtually nothing back from Reynolds and Reynolds
+because of our confidential relationship and the reputation of
+the company," Michael Frank, president of Advanced Voice, said.
+"They went from no backround and experience in telecommuncation
+equipment utilizing voice messaging technology, to their own
+system a year later, just two months after severing ties with
+us."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16937" NEWID="10876">
+<DATE>30-MAR-1987 11:54:10.76</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1654&#31;reute
+u f BC-/U.S.-SEES-NO-NEW-COF   03-30 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SEES NO NEW COFFEE AGREEMENT TALKS SOON</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The United States does not expect
+the executive board meeting of the International Coffee
+Organization, ICO, to call for a new round of negotiations on
+reinstating coffee quotas, a U.S. government official said.
+    The official, a member of the U.S. delegation to ICO talks
+earlier this year, said no new coffee agreement talks are
+expected because there is no indication the negotiating
+positions of major producers and consumers have changed.
+    The U.S. still demands, as a condition of reimposition of
+coffee quotas, that "objective criteria" be set for
+establishing quotas, said the U.S. official, who asked not to
+be identified. Brazil, the major producer, insists on quotas
+based on a traditional formula.
+    The U.S. remains open to a negotiating meeting but only if
+some new flexibility is apparent from major countries, the
+official said.
+    The ICO executive board meets tomorrow in London.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16938" NEWID="10877">
+<DATE>30-MAR-1987 11:54:48.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1655&#31;reute
+r f BC-INTELLIGENT-SYSTEMS-&lt;   03-30 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELLIGENT SYSTEMS &lt;INP> SETS INITIAL PAYOUT</TITLE>
+<DATELINE>    NORCROSWS, Ga., March 30 - </DATELINE><BODY>Intelligent Systems Master
+Limited Partnership said its board declared an initial
+quarterly dividend of 25 cts per unit, payable April 10 to
+holders of record March 31.
+    The partnership, formed at year-end by the conversion of
+Intelligent Systems Corp from corporate form, said its board
+has approved in principle quarterly dividend of 15 to 25 cts
+per quarter for calendar 1987.
+    It said as part of its restructuring it may sell some of
+its assets this year, with unitholders receiving either cash
+from the sale or stock in the acquiring company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16939" NEWID="10878">
+<DATE>30-MAR-1987 11:55:07.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1656&#31;reute
+r f BC-GREAT-COUNTRY-BANK-&lt;G   03-30 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT COUNTRY BANK &lt;GCBK> EXECUTIVE RESIGNS</TITLE>
+<DATELINE>    ANSONIA, Conn., March 30 - </DATELINE><BODY>Great Country Bank said william
+McDougall has resigned as executive vice president and
+secretary, and his reponsibilities have been assumed by other
+officers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16940" NEWID="10879">
+<DATE>30-MAR-1987 11:55:25.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1658&#31;reute
+d f BC-QUEST-MEDICAL-INC-&lt;QM   03-30 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEST MEDICAL INC &lt;QMED> 4TH QTR LOSS</TITLE>
+<DATELINE>    DALLAS, March 30 -
+    </DATELINE><BODY>Shr loss six cts vs profit two cts
+    Net loss 463,473 vs profit 126,835
+    Revs 3,506,066 vs 3,082,499
+    Year
+    Shr loss four cts vs profit three cts
+    Net loss 323,214 vs profit 187,893
+    Revs 13.8 mln vs 10.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16941" NEWID="10880">
+<DATE>30-MAR-1987 11:56:01.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1661&#31;reute
+u f BC-CREDITANSTALT-ARRANGE   03-30 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDITANSTALT ARRANGES 100 MLN STG CD PROGRAM</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Creditanstalt-Bankverein &lt;CABV.VI>, the
+largest commercial bank in Austria, has arranged a 100 mln stg
+certificate of deposit program, banking sources said.
+    The dealers for the program will be S.G. Warburg and Co Ltd
+and County NatWest Capital Markets Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16942" NEWID="10881">
+<DATE>30-MAR-1987 11:56:09.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1662&#31;reute
+f f BC-******MOODY'S-MAY-DOW   03-30 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S MAY DOWNGRADE GOTABANKEN AND UNIT, AFFECTS 2.2 BILLION CROWNS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16943" NEWID="10882">
+<DATE>30-MAR-1987 11:56:34.65</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f1664&#31;reute
+u f BC-TRADE-SEES-U.S.-CORN   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE SEES U.S. CORN EXPORTS UP, WHEAT/BEANS OFF</TITLE>
+<DATELINE>    CHICAGO, March 30 - </DATELINE><BODY>Grain traders and analysts expect lower
+wheat and soybean exports and higher corn exports than a year
+ago in the USDA's export inspection report today.
+    Corn export guesses ranged from 27.0 mln to 32.0 mln
+bushels, compared with the 27.6 mln inspected last week and
+20.5 mln a year ago.
+    Soybean export guesses ranged from 14.0 mln to 16.0 mln, up
+from the 13.4 mln inspected last week but below the 25.5 mln
+reported a year ago.
+    Wheat estimates ranged from 11.0 mln to 14.0 mln bushels,
+compared with 12.0 mln reported last week and 18.3 mln a year
+ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16944" NEWID="10883">
+<DATE>30-MAR-1987 11:57:24.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1672&#31;reute
+u f BC-CYCLOPS   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPPENHEIMER HAS SIX PCT OF CYCLOPS &lt;CYL></TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Oppenheimer, the brokerage and
+investment subsidiary of Oppenheimer Group Inc, told the
+Securities and Exchange Commission it has acquired 243,400
+shares of Cyclops Corp, or 6.0 pct of the total outstanding.
+    Oppenheimer said it bought the stake in connection with
+risk arbitrage and other investment activities in the ordinary
+course of its business. It said it has no plans to seek control
+of the company.
+    As of Friday, &lt;Dixons Group PLC> had acquired 2,455,000
+Cyclops shares, giving it 83 pct of the total.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16945" NEWID="10884">
+<DATE>30-MAR-1987 11:58:39.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1675&#31;reute
+d f BC-DUNE-RESOURCES-LTD-&lt;D   03-30 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUNE RESOURCES LTD &lt;DNLAF> 4TH QTR NET</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 30 -
+    </DATELINE><BODY>Shr profit one ct vs loss two cts
+    Net profit 27,000 vs loss 69,000
+    Revs 295,000 vs 264,000
+    Year
+    Shr loss eight cts vs loss three cts
+    Net loss 262,000 vs loss 88,000
+    Revs 1,004,000 vs 1,248,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16946" NEWID="10885">
+<DATE>30-MAR-1987 11:58:50.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1676&#31;reute
+d f BC-AW-COMPUTER-SYSTEMS-I   03-30 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AW COMPUTER SYSTEMS INC &lt;AWCSA> YEAR END DEC 31</TITLE>
+<DATELINE>    MT LAUREL, N.J., March 30 -
+    </DATELINE><BODY>Shr 18 cts vs 17 cts
+    Net 584,493 vs 540,977
+    Revs 4,685,930 vs 4,524,315
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16947" NEWID="10886">
+<DATE>30-MAR-1987 11:59:27.79</DATE>
+<TOPICS><D>rubber</D><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1677&#31;reute
+h f BC-DOW&lt;DOW>-RAISES-STYRE   03-30 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW&lt;DOW> RAISES STYRENE-BUTADIENE LATEX PRICES</TITLE>
+<DATELINE>    MIDLAND, MICH., March 30 - </DATELINE><BODY>Dow Chemical Co said it
+increased prices by nine cts a pound (solids) for
+styrene-butadiene latex and plastic pigments, effective May
+One. Dow did not release the percentage increase.
+    It said the increase will affect the floor covering
+markets, paper, paperboard and specialty markets.
+    It said the increase is in addition to a previously
+announced seven cts a pound (solids) increase, effective March
+One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16948" NEWID="10887">
+<DATE>30-MAR-1987 12:00:41.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1679&#31;reute
+u f BC-ALLEGHENY-INTERNATION   03-30 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY INTERNATIONAL &lt;AG> SELLS WILKINSON</TITLE>
+<DATELINE>    PITTSBURGH, March 30 - </DATELINE><BODY>Allegheny International Inc said it
+sold its Wilkinson Sword Consumer Group to the &lt;Swedish Match
+Co> of Stockholm for for 230 mln dlrs.
+    After settlement of intercompany transactions between the
+Wilkinson Sword groups and Allegheny, the net payment by
+Swedish Match will amount to about 160 mln dlrs.
+    The Wilkinson Sword Group was transferred to the Swedish
+Match Co today except for companies in certain countries where
+approval from government authorities is required, the company
+said.
+    Allegheny said it acquired a 44 pct interest in Wilkinson,
+then known as Wilkinson Match Ltd, in 1978, and the remaining 
+share in 1980.
+    This divestiture is part of Allegheny's overall
+restructuring program and strategy to concentrate primarily on
+its North American consumer products business, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16949" NEWID="10888">
+<DATE>30-MAR-1987 12:01:25.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1681&#31;reute
+r f BC-EL-DE-ELECTRO-&lt;ELOPF>   03-30 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EL-DE ELECTRO &lt;ELOPF> OFFERING SELLS OUT</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>El-De Electro-Optic Developments Ltd
+said all one mln common shares it offered in its initial public
+offering at three dlrs each have been sold.
+    Underwriters was Brown, Knapp and Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16950" NEWID="10889">
+<DATE>30-MAR-1987 12:01:41.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1682&#31;reute
+b f BC-/GOTABANKEN-AND-UNIT   03-30 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOTABANKEN AND UNIT MAY BE DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade 2.2 billion crowns of debt of &lt;Gotabanken> and
+its unit, Gotabanken Inc.
+    The rating agency cited concerns over the company's asset
+quality. Gotabanken was Sweden's fourth-largest commercial bank
+in 1985 based on consolidated assets of 45.4 billion crowns.
+    Under review for possible downgrade are Gotabanken's
+Prime-1 short-term deposits and the unit's same-rated
+commercial paper.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16951" NEWID="10890">
+<DATE>30-MAR-1987 12:05:01.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1693&#31;reute
+r f BC-PUNTA-GORDA-ISLES-&lt;PG   03-30 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUNTA GORDA ISLES &lt;PGI> SELLS PREFERRED STOCK</TITLE>
+<DATELINE>    PUNTA GORDA, Fla., March 30 - </DATELINE><BODY>Punta Gorda Isles Inc PGA
+said it completed the sale of 1,875,000 shares of its Class A
+cumulative convertible preferred stock for 7,500,000 dlrs in
+cash at four dlrs per share.
+    The sale was private to Love - PGI Partnerships, a
+subsidiary of &lt;The Love Companies> of St. Louis.
+    In connection with the sale, Punta Gorda said it converted
+500,000 dlr of debt owed to a corporation controlled by Alfred
+Johns, PGI's chairman, into 125,000 shares of the preferred
+stock.
+    The preferred stock is convertible into Punta Gorda's
+common stock at 2.41 dlrs per share, and holders are entitled
+to one vote per share and to vote as one class with holders of
+the common stock.
+    The company said Johns entered into voting trust agreements
+giving an unnamed individual affilated with the Love Partners
+control over the 125,000 shares of preferred stock, as well as
+280,600 shares of common stock owned by Johns.
+    Punta Gorda also said it increased its board to seven
+members from three in connection with the private sale.
+    Named to the board were Andrew Love, Laurence Schiffer,
+David Kirkland, and Daniel Baty, the company said.
+    Also in connection with the private sale, Punta Gorda said
+its primary lender, Naples Federal Savings and Loan
+Association, granted an extension of the maturing date of its
+indebtedness to April 15, 1988, from April 10, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16952" NEWID="10891">
+<DATE>30-MAR-1987 12:06:18.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1705&#31;reute
+d f BC-DATRON-CORP-&lt;DATR>-4T   03-30 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATRON CORP &lt;DATR> 4TH QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 30 -
+    </DATELINE><BODY>Shr 19 cts vs 13 cts
+    Net 166,000 vs 118,000
+    Rev 3.2 mln vs 2.5 mln
+    Year
+    Shr 34 cts vs 30 cts
+    Net 303,000 vs 269,000
+    Rev 10.8 mln vs 10.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16953" NEWID="10892">
+<DATE>30-MAR-1987 12:06:34.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1708&#31;reute
+d f BC-C.O.M.B.-&lt;CMCO>-SELLS   03-30 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C.O.M.B. &lt;CMCO> SELLS THREE RETAIL STORES</TITLE>
+<DATELINE>    MINNEAPOLIS, March 30 - </DATELINE><BODY>C.O.M.B. Co said it sold three of
+its retail stores in Omaha to Bob Cummins Enterprises Inc, a
+retail closeout merchandiser.
+    It said the sale is consistent with its previously
+announced Retail Division restructuring plans.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16954" NEWID="10893">
+<DATE>30-MAR-1987 12:07:32.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1712&#31;reute
+r f BC-CENTRONICS-&lt;CEN>-SETS   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRONICS &lt;CEN> SETS PREFERRED PURCHASE RIGHTS</TITLE>
+<DATELINE>    NASHUA, N.H., March 30 - </DATELINE><BODY>Centronics Corp said its board
+declared a dividend distribution of one preferred share
+purchase right on each outstanding common share payable to
+holders of record April 9.
+    The rights, which will expire 10 years later, will entitle
+shareholders to buy one-hundredth of a share of a new series of
+preferred at an exercise price of 20 dlrs.
+    The rights will be exercisable only if some one acquires 30
+pct or more of Centronic's common or announces an offer which
+would result in ownership of 30 pct or more of the stock.
+    Centronics said its board will be entitled to redeem the
+rights at two cts per right at any time before a 30 pct
+position has been acquired.
+    If the rights become exercisable, the company said, those
+held by shareholders other than the owner of 30 pct or more of
+the stock will entitle the holder to purchase a number of
+common shares having a market value twice the right's exercise
+price.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16955" NEWID="10894">
+<DATE>30-MAR-1987 12:17:48.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1747&#31;reute
+u f BC-MCCLAIN-INDUSTRIES-&lt;M   03-30 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCCLAIN INDUSTRIES &lt;MCCL> SETS STOCK SPLIT</TITLE>
+<DATELINE>    STERLING HEIGHTS, Mich., March 30 - </DATELINE><BODY>McClain Industries Inc
+said its board declared a four-for-three stock split, payable
+30, record April 15.
+    The company also said it plans to open within the next 90
+days a 114,000 square foot plant in Macon, Ga., that will allow
+it to expand production of transfer trailers and other
+products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16956" NEWID="10895">
+<DATE>30-MAR-1987 12:21:33.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1768&#31;reute
+r f BC-HERITAGE-COMMUNICATIO   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERITAGE COMMUNICATIONS &lt;HCI> IN SPECIAL MEETING</TITLE>
+<DATELINE>    DES MOINES, Iowa, March 30 - </DATELINE><BODY>Heritage Communications Inc
+said it expects to hold a special shareholder meeting in May to
+consider its proposed acquisition by an investor group
+including members of senior management and Tele-communications
+Inc &lt;TELE>.
+    The company said it is seeking to obtain all regulatory
+approvals needed to complete the transaction before or shortly
+after the special meeting.  Heritage said it has filed
+preliminary proxy materials with the Securities and Exchange
+Commission and has applied for a change of control of its
+broadcast licenses with the Federal Communications Commission.
+    Heritage it and Tele-Communications made required
+Hart-Scott-Rodino filings with the Federal Trade Commission and
+Justice Department on March 11 and 12, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16957" NEWID="10896">
+<DATE>30-MAR-1987 12:21:50.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1771&#31;reute
+r f BC-WESTAR-&lt;WSTR>-IN-NEGO   03-30 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTAR &lt;WSTR> IN NEGOTIATIONS WITH NORANDA</TITLE>
+<DATELINE>    LAS VEGAS, Nev., March 30 - </DATELINE><BODY>Westar Corp said it is
+negotiating with Noranda Exploration Inc, a unit of Noranda Inc
+&lt;NOR>.
+    Westar said Noranda is interested in earning a percentage
+interest in approximately 800 acres of Westar's 10,000 acre
+Lordsburg, N.M., prospect.
+    Westar also said it is completing a gold and silver
+leaching facility at the Lordsburg mine. The company said it
+expects the facility to be in production during April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16958" NEWID="10897">
+<DATE>30-MAR-1987 12:22:10.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1774&#31;reute
+r f BC-CHEROKEE-GROUP-INC-&lt;C   03-30 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEROKEE GROUP INC &lt;CHKE> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    NORTH HOLLYWOOD, Calif., March 30 -
+    </DATELINE><BODY>Shr 22 cts vs 16 cts
+    Net 2,460,000 vs 1,730,000
+    Sales 37.0 mln vs 27.3 mln
+    NOTE: Share adjusted for two-for-one stock split in
+February 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16959" NEWID="10898">
+<DATE>30-MAR-1987 12:22:19.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1776&#31;reute
+r f BC-VITRAMON-&lt;VITR>-TO-FI   03-30 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VITRAMON &lt;VITR> TO FILE FOR SHARE OFFERING</TITLE>
+<DATELINE>    MONROE, Conn., March 30 - </DATELINE><BODY>Vitramon Inc said it intends to
+file for an offering of 600,000 common shares, which would give
+it about 2,560,000 common shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16960" NEWID="10899">
+<DATE>30-MAR-1987 12:22:37.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1779&#31;reute
+d f BC-LOUISIANA-PACIFIC-&lt;LP   03-30 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUISIANA PACIFIC &lt;LPX> TO BUY WALLBOARD PLANT</TITLE>
+<DATELINE>    PORTLAND, Ore., March 30 - </DATELINE><BODY>Louisiana Pacific Corp said it
+reached a non-binding agreement in principle to buy a gypsum
+wallboard plant in Seattle from Norwest Gypsum.
+    Purchase price and other details of the agreement were not
+disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16961" NEWID="10900">
+<DATE>30-MAR-1987 12:25:53.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1785&#31;reute
+u f BC-NYSE-SAYS-SANTA-FE-&lt;S   03-30 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE SAYS SANTA FE &lt;SFX> NO RESPONSE YET ON STOCK</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>The New York Stock Exchange said Santa
+Fe Southern Pacific Corp has not yet responded to the
+Exchange's inquiries about the unusual activity in the
+company's stock.
+    The stock was trading at 38-1/2, up 2-3/8 on volume of
+848,200 shares.
+    The Exchange said it contacted the company to request that
+it issue a public statement as to whether any corporate
+developments could explain the activity in its stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16962" NEWID="10901">
+<DATE>30-MAR-1987 12:27:11.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1790&#31;reute
+h f BC-NOBEL'S-BOFORS-TO-SEL   03-30 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOBEL'S BOFORS TO SELL ITS SINGAPORE HOLDING</TITLE>
+<DATELINE>    STOCKHOLM, March 30 - </DATELINE><BODY>Nobel Industries Sweden SA &lt;NOBL.ST>
+said its arms subsidiary, &lt;AB Bofors>, plans to sell its 40 pct
+stake in &lt;Allied Ordnance Co of Singapore Ltd> because of its
+part in weapons exports which contravene Swedish law.
+    "The events we have uncovered are unacceptable and highly
+regrettable incidents in our company's history," Nobel chairman
+Lars-Erik Thunholm told a news conference.
+    Nobel managing director Anders Carlberg said an internal
+inquiry has revealed an extensive network of international arms
+smuggling.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16963" NEWID="10902">
+<DATE>30-MAR-1987 12:28:41.16</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1796&#31;reute
+u f BC-ICO-BOARD-SEEN-UNLIKE   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO BOARD SEEN UNLIKELY TO SET NEW COFFEE TALKS</TITLE>
+<AUTHOR>    By Lisa Vaughan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Chances that the International Coffee
+Organization, ICO, executive board meeting this week will agree
+to resume negotiations on export quotas soon look remote, ICO
+delegates and trade sources said.
+    ICO observers doubted Brazil or key consuming countries are
+ready to give sufficient ground to convince the other side that
+reopening negotiations again would be worthwhile, they said.
+    ICO talks on quotas last month broke down after eight days
+when producers and consumers failed to reach agreement.
+     "Since we have not seen signs of change in other positions,
+it's difficult to see a positive outcome at this stage,"
+Brazilian delegate Lindenberg Sette said. But quotas must be
+negotiated sometime, he said.
+     The U.S. has indicated it is open to dialogue on quotas
+but that Brazil must be flexible, rather than refuse to lower
+its export share as it did in the last negotiations, delegates
+said.
+     At this week's March 31-April 2 meeting, the 16-member ICO
+board is scheduled to discuss the current market situation, the
+reintroduction of quotas, verification of stocks and some
+administrative matters, according to a draft agenda.
+    The fact that Brazilian Coffee Institute president Jorio
+Dauster, Assistant U.S. Trade Representative Jon Rosenbaum and
+chief Colombian delegate Jorge Cardenas are not attending the
+meeting has signalled to most market watchers that it will be a
+non-event as far as negotiating quotas is concerned.
+    "I would imagine there will be a lot of politicking among
+producers behind closed doors to work up some kind of proposal
+by September (the next scheduled council meeting)," Bronwyn
+Curtis of Landell Mills Commodities Studies said.
+    Traders and delegates said they have seen no sign that a
+date will be set for an earlier council meeting.
+    If the stalemate continues much longer, analysts expect the
+coffee agreement will end up operating without quotas for the
+remainder of its life, to September 30, 1989.
+    When talks broke down, the U.S. and Brazil, the largest
+coffee consumer and producer respectively, blamed one another
+for sabotaging negotiations by refusing to compromise.
+    Brazil wanted to maintain the previous export quota shares,
+under which it was allocated 30 pct of world coffee exports,
+but consumers and a small group of producers pressed for shares
+to be redistributed using "objective criteria," which would have
+threatened Brazil's share.
+    At a recent meeting in Managua of Latin American producers,
+Costa Rica and Honduras said they were willing to put their
+objections as members of the group of eight ICO "dissident"
+producers aside, in order to stem the damaging decline in
+prices, Nicaraguan External Trade Minister Alejandro Martinez
+Cuenca told reporters Saturday. He was in London to brief
+producers on the Managua meeting.
+    However, other producers said they were not aware of this
+move toward producer solidarity.
+    London coffee prices closed at 1,276 stg a tonne today,
+down from around 1,550 at the beginning of March.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16964" NEWID="10903">
+<DATE>30-MAR-1987 12:29:03.65</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1798&#31;reute
+u f BC-MINISTER-SEES-ENOUGH   03-30 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINISTER SEES ENOUGH EC STATES AGAINST OILS TAX</TITLE>
+<DATELINE>    BRUSSELS, March 30 - </DATELINE><BODY>Enough European Community (EC) states
+appear to be opposed to the proposals by the EC Commission for
+a 330 European currency unit (Ecu) a tonne tax on vegetable
+oils, fats and marine oils to block adoption by EC ministers,
+British Farm Minister Michael Jopling said.
+    He told a news conference held during a meeting here of EC
+agriculture ministers that Britain, West Germany, the
+Netherlands, Denmark, and Portugal were all against the tax.
+    Between them, these five countries had more than enough
+votes in the weighted voting system used in EC ministers'
+meetings to block a decision, Jopling said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16965" NEWID="10904">
+<DATE>30-MAR-1987 12:29:34.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1800&#31;reute
+u f BC-DRAVO-&lt;DRV>-TO-HAVE-F   03-30 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRAVO &lt;DRV> TO HAVE FIRST QUARTER LOSS</TITLE>
+<DATELINE>    PITTSBURGH, March 30 - </DATELINE><BODY>Dravo Corp said it expects a first
+quarter loss of about 30 cts per share, compared with a
+year-earlier profit of one ct, and said operating earnings for
+all of 1987 may not match 1986's earnings of 61 cts per share
+from continuing operations.
+    Dravo saidperformance so far this year in its engineering
+and construction segment has not met earlier expectations.
+    It said the first quarter will be impacted by writedowns
+resulting fromn revised estimates of costs required to complete
+projects and by delays in starting work on jobs originally
+forecasted to contribute to first quarter earnings.
+    Dravo further said it has given the investor group buying
+Dravo's river transportation, stevedoring and pipe frabrication
+businesses additional time to structure the necessary
+permanenty financing, and closing is now expected in the third
+quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16966" NEWID="10905">
+<DATE>30-MAR-1987 12:34:59.72</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1821&#31;reute
+r f AM-TRADE-NEWS-ANALYSIS   03-30 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - U.S. CONGRESS RAPS JAPAN</TITLE>
+<AUTHOR>    By Jacqueline Frank, Reuter</AUTHOR>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The U.S. Congress is making Japan,
+with its enormous worldwide trade surplus, the symbol of the
+U.S. trade crisis and the focus of its efforts to turn around
+America's record trade deficit.
+    "Japan has come to symbolize what we fear most in trade: the
+challenge to our high technology industries, the threat of
+government nutured competition, and the multitude of barriers
+to our exports," Senate Democratic Leader Robert Byrd said.
+    "If we can find a way to come to terms with Japan over trade
+problems, we can manage our difficulties with other countries,"
+the West Virginia Democrat said at a Senate Finance Committee
+hearing on the trade bill.
+    Byrd and House Speaker Jim Wright, a Texas Democrat, have
+made trade legislation a priority this year and a wide-ranging
+bill is being readied for probable House approval next month.
+    Japan's bilateral trade surplus jumped from 12 billion dlrs
+in 1980 to 62 billion dlrs last year. Its surplus rose to 8.14
+billion dlrs in February from 5.7 billion dlrs in January.
+    Congress points to the record 169 billion dlrs U.S. trade
+deficit in 1986 and the slow response in the trade imbalance to
+the dollar's decline in world currency markets as a reason to
+press Japan to buy more U.S. goods.
+    They are particularly dismayed by the rapid deterioration
+in U.S. exports of sophisticated computer technology.
+    In response to the growing anger and pressure by the U.S.
+semiconductor industry, President Reagan Friday announced he
+intended to raise tariffs as much as 300 mln dlrs on Japanese
+electronic goods in retaliation for Japan's failure to abide by
+a 1986 U.S.-Japanese semiconductor agreement.
+    Congress also has been been angered by the administration's
+lack of success with Japan on a host of other trade issues
+including beef, citrus, automobile parts, telecommunications
+goods, and financial services.
+    The bulk of the House trade bill was written last week in
+four committees. It is a package of trade sanctions and
+measures to force the administration take tough action against
+foreign trade barriers and unfair competition.
+    Although most provisions do not single out Japan, in many
+cases their impact would be to restrict imports of Japanese
+products or make them more expensive with higher duties.
+    The cornerstone of the trade legislation passed the House
+Ways and Means Committee by a vote of 34 to 2. Its focus is to
+force President Reagan to retaliate against unfair foreign
+competition and to make it easier for U.S. industries to win
+temporary relief from surges in imports.
+    The most controversial issue, an amendment to restrict
+imports if countries such as Japan with large surpluses do not
+buy more U.S. goods was left for an April vote by the House.
+    Rep. Richard Gephardt, a Democratic presidential aspirant
+from Missouri, has the support of Wright and other key
+Democrats to press for passage of the amendment.
+    The measure would have the most impact on Japan, West
+Germany, Taiwan and South Korea. If Japan, for example, does
+not reduce its barriers by mid-1988, the United States would
+set import quotas or tariffs to cut Japanese surplus by ten per
+cent a year for three years.
+    "I'm tired of going into companies and having managers say
+to me, 'We're not over competing in Japan because we can't
+compete in the marketplace.' That argument needs to be taken
+away from American business," Gephardt said.
+    The administration has said it could not support a trade
+bill containing such a provision.
+    
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16967" NEWID="10906">
+<DATE>30-MAR-1987 12:35:36.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1825&#31;reute
+d f BC-MIDLAND-SETS-UP-SUBSI   03-30 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDLAND SETS UP SUBSIDIARY IN FINLAND</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Midland Bank Plc &lt;MDBL.L> said its
+&lt;Midland Montagu> investment banking arm has set up a
+subsidiary in Finland, &lt;Midland Montagu Osakepankki>.
+    It said in a statement the new unit, the first Finnish
+subsidiary of a U.K. Bank, is a member of the Helsinki Stock
+Exchange. As such, it will be active in equity trading and will
+advise on new issues, listings, mergers and acquisitions.
+    It will also help raising equity and debt capital and
+provide a full range of foreign exchange and treasury products.
+In the domestic money market, it will manage commercial paper
+issues and will trade in CD's and Treasury Bills.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16968" NEWID="10907">
+<DATE>30-MAR-1987 12:36:10.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1830&#31;reute
+u f BC-GENERAL-PUBLIC-UTILIT   03-30 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL PUBLIC UTILITIES CORP &lt;GPU> TWO MTHS NET</TITLE>
+<DATELINE>    PARSIPPANY, N.J., March 30 -
+    </DATELINE><BODY>Shr 97 cts vs 81 cts
+    Net 60.8 mln vs 51.1 mln
+    Revs 487.4 mln vs 529.7 mln
+    12 mths
+    Shr 3.42 dlrs vs 2.18 dlrs
+    Net 215.0 mln vs 137.2 mln
+    Revs 2.74 billion vs 2.88 billion
+    NOTE: 1986 results restated for change in accounting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16969" NEWID="10908">
+<DATE>30-MAR-1987 12:36:49.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1833&#31;reute
+r f BC-QUAKER-STATE   03-30 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAUFMAN, BOARD &lt;KB> UNITS CUT QUAKER &lt;KSF> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Kaufman and Board Inc and its
+insurance subsidiaries said they lowered their stake in Quaker
+State Oil Refining Corp to 1,795,908 shares, or 6.9 pct of the
+total outstanding, from 2,120,908 shares, or 8.1 pct.
+    In a filing with the Securities and Exchange Commission,
+the Kaufman and Board group, which includes Sun Life Group,
+said it sold 325,000 Quaker State common shares between Feb 27
+and March 23 at prices ranging from 28.00 to 31.00 dlrs each.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16970" NEWID="10909">
+<DATE>30-MAR-1987 12:37:22.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1834&#31;reute
+r f BC-ARDEN   03-30 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUSINESSMAN HAS 5.7 PCT OF ARDEN GROUP &lt;ARDNA></TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Saul Brandman, a California business
+executive, told the Securities and Exchange Commission he has
+acquired 118,714 shares of Arden Group Inc, or 5.7 pct of the
+total outstanding common stock.
+    Brandman, chairman of Domino of California Inc, a Los
+Angeles garment maker, said he bought the stake for 3.1 mln
+dlrs for investment purposes.
+    He said he may buy more Arden Group shares, or he may sell
+some or all of his current stake. He also said he has no plans
+to seek control of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16971" NEWID="10910">
+<DATE>30-MAR-1987 12:40:39.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D><D>greece</D></PLACES>
+<PEOPLE><D>ozal</D><D>papandreou</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1846&#31;reute
+u f BC-TURKEY,-GREECE-MOVING   03-30 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY, GREECE MOVING TOWARDS AEGEAN TALKS - OZAL</TITLE>
+<DATELINE>    ANKARA, March 30 - </DATELINE><BODY>Turkish Prime Minister Turgut Ozal said
+Turkey and Greece were moving towards talks in their row over
+oil rights in the Aegean Sea.
+    He was speaking to reporters after talks with Turkish
+Ambassador to Athens Nazmi Akiman, who arrived last night from
+a meeting with Greek Premier Andreas Papandreou.
+    "Both sides are now moving towards starting discussions. In
+order not to jeopardise these, it would be improper to give
+details," he said.
+    Ozal told reporters Akiman came to Turkey to brief the
+government "on efforts aimed at starting discussions between
+Turkey and Greece" and a reply would be made to Athens soon.
+    He did not say whether he was taking up Papandreou's
+renewed offer today that the two countries meet to discuss how
+to refer the issue to the International Court of Justice at The
+Hague, but said the court was not the only way to a solution.
+    Turkey has in the past rejected the basis for Greece's
+proposal to go to the court, a 1956 Geneva Convention and the
+Law of the Sea, which it says support Athens' arguments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16972" NEWID="10911">
+<DATE>30-MAR-1987 12:41:05.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1848&#31;reute
+d f BC-SENATE-BILL-WOULD-ALL   03-30 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE BILL WOULD ALLOW FARM LOAN WRITE-DOWNS</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The U.S. Senate has approved a
+measure that would allow an estimated 4,200 agricultural banks
+to write off loan losses over 10 years.
+    The measure, offered by Sen. Alan Dixon (D-Ill.), was
+attached to a bill to recapitalize the Federal Savings and Loan
+Insurance Corp that the Senate approved March 27.
+    Dixon's amendment would permit agricultural banks -- banks
+with assets of 100 mln dlrs or less and at least 25 pct of
+total loans in farm loans -- to write down over 10 years
+agricultural loan losses incurred between 1984 and 1992.
+    Dixon said current law, which requires losses to be
+deducted immediately from bank capital, "forces banks to try not
+to acknowledge the extent of their problems."
+    Sen. Nancy Kassebaum (R-Kan.) said farm banks have been
+concerned that write-downs might reduce their capitalization
+below the six pct regulatory requirement.
+    Last year Congress urged federal regulators to use
+forbearance in the assessment of agricultural loans. However,
+Kassebaum said "only a miniscule number of banks" have qualified
+for the capital forbearance provisions.
+    Dixon's measure also would allow agricultural banks to
+amortize losses on the reduced value of farmland acquired in
+the handling of agricultural loans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16973" NEWID="10912">
+<DATE>30-MAR-1987 12:44:41.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1859&#31;reute
+u f BC-ITALY'S-CIR-PLANS-CON   03-30 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S CIR PLANS CONVERTIBLE BOND ISSUES</TITLE>
+<DATELINE>    TURIN, March 30 - </DATELINE><BODY>CIR (Comagnie Riunite Industriali SpA)
+&lt;IRRI.MI> said it will ask shareholders to approve two
+five-year bond issues carrying warrants convertible into shares
+of its subsidiaries &lt;Buitoni SpA> and &lt;Sasib SpA>.
+    Neither the value nor the terms of the planned issues was
+released.
+    Shareholders are scheduled to vote on the bond issues at an
+extraordinary meeting called for April 27.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16974" NEWID="10913">
+<DATE>30-MAR-1987 12:48:26.54</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1865&#31;reute
+b f BC-/-FED-WILL-BUY-BILLS   03-30 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED WILL BUY BILLS FOR CUSTOMER AFTER AUCTION</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>The Federal Reserve said it will enter
+the U.S. Government securities market after the 1300 EST weekly
+bill auction to purchase around 900 mln dlrs of Treasury bills
+for customers, a spokesman said.
+    He said the Fed will purchase bills with maturities from
+May through September 10.
+    Dealers said Federal funds were trading at 6-3/8 pct when
+the Fed announced the operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16975" NEWID="10914">
+<DATE>30-MAR-1987 12:51:28.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>chirac</D><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1873&#31;reute
+u f BC-CHIRAC-SAYS-1988-BUDG   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHIRAC SAYS 1988 BUDGET DEFICIT WILL BE LOWER</TITLE>
+<DATELINE>    PARIS, March 30 - </DATELINE><BODY>Prime Minister Jacques Chirac said the
+budget deficit next year will be reduced by about 15 billion
+francs, and the government's planned programme of 50 billion
+francs' tax cuts for 1987/88 will be implemented, a statement
+from the Prime Minister's office said.
+    The forecasts were contained in a letter of guidance to
+ministries to prepare for the 1988 budget to be voted by
+Parliament in autumn.
+    Finance Minister Edouard Balladur plans to cut the 1988
+budget deficit to around 115 billion francs from the forecast
+1987 deficit of 129 billion, and to 100 billion francs in 1989.
+    Chirac's statement said that to achieve the twin aims of
+reducing the deficit and granting tax relief "a vigourous effort
+to contain spending will have to be made."
+    As in his letter to ministries last year, Chirac repeated
+the aim to reduce by 1.5 pct the number of civil servants
+except those in teaching or the security services.
+    Budgetary adjustments made by the various government
+ministries will collated by Balladur in mid-July, who will then
+present them to the Prime Minister.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16976" NEWID="10915">
+<DATE>30-MAR-1987 12:51:43.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1874&#31;reute
+u f BC-NYSE-SAYS-SANTA-FE-&lt;S   03-30 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE SAYS SANTA FE &lt;SFX> DECLINES COMMENT</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>The New York Stock Exchange said Santa
+Fe Southern Pacific Corp declined to comment on inquiries
+regarding the unusual activity in its stock.
+    Earlier, analysts and traders said the stock rose sharply
+after Henley Group &lt;HENG> disclosed in a securities and
+Exchange Commission filing that it holds almost eight mln
+shares in the railroad and real estate conglomerate.
+    The stock was trading at 38-3/4, up 2-5/8 on early
+afternoon turnover of over one million shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16977" NEWID="10916">
+<DATE>30-MAR-1987 12:52:14.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1876&#31;reute
+u f BC-GM-&lt;GM>-SAID-TO-CUT-2   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> SAID TO CUT 2ND QTR OUTPUT SCHEDULES</TITLE>
+<DATELINE>    DETROIT, March 30 - </DATELINE><BODY>General Motors Corp has cut 100,000
+cars from its second quarter production schedule, according to
+Automotive News.
+    The trade paper, citing "sources both within GM and on the
+outside," said GM plans to build 1,042,708 cars in the quarter,
+a nine pct reduction from its earlier estimate. The cut could
+lead to further layoffs at GM, it said.
+    A GM spokesman said the company does not disclose future 
+production schedules.
+    Auto analysts said the cut would make sense for GM, which
+has high car inventories.
+    A 100,000-car reduction in output would only take GM part
+of the way toward reducing high inventories, said Ron Glantz,
+analyst with Montgomery Securities.
+    "They should be cutting a lot more than they are," Shearson
+Lehman analyst Michael Lucky said. He estimated that, even if
+GM cut an additional 100,000 cars from its second quarter
+production, it would still have a 75-day supply of cars.
+    Normal inventory level is 50 to 65 days supply. At the end
+of March, the automaker had 95 days supply, Lucky said.
+    Glantz said that at the end of February GM had 361,000
+excess vehicles, including both cars and trucks.
+    The production cuts could lead to increased layoffs,
+although those would likely be temporary rather than indefinite
+layoffs, said Lucky.
+    He said the automaker might also use this as an opportunity
+to close some plants. Lucky estimates that GM needs to shut two
+or three more assembly plants to bring its capacity more in
+line with demand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16978" NEWID="10917">
+<DATE>30-MAR-1987 12:53:26.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1884&#31;reute
+d f BC-METROMAIL-CORP-&lt;MTML>   03-30 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROMAIL CORP &lt;MTML> 3RD QTR MARCH 1 NET</TITLE>
+<DATELINE>    LINCOLN, Neb., March 30 -
+    </DATELINE><BODY>Shr 25 cts vs 32 cts
+    Net 2,414,500 vs 3,027,500
+    Rev 26.2 mln vs 23.5 mln
+    Nine months
+    Shr 76 cts vs 82 cts
+    Net 7,214,900 vs 7,752,800
+    Rev 69.2 mln vs 64.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16979" NEWID="10918">
+<DATE>30-MAR-1987 12:55:55.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1891&#31;reute
+r f BC-ORANGE-&lt;OJAY>-IN-DEFI   03-30 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORANGE &lt;OJAY> IN DEFINITIVE PACT TO SELL UNITS</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Orange Julius International Inc said
+it entered into a definitive agreement to sell Orange Julius of
+America and Orange Julius Canada Limited to H.C. Holdings Inc,
+owned by Branford Castle Inc, a merchant banker, members of its
+management and certain of its shareholders.
+    Orange said the purchase price will consist of 19 mln dlrs
+in cash and 10 pct redeemable preferred, 10 pct of HC's common
+equity, and the right for it to prospectively receive 20 pct of
+certain royalties under a proposed licensing program.
+    It said HC also agreed to lend up to 600,000 dlrs to it in
+advance of closing and it had already received 300,000 dlrs.
+    Orange Julius announced the proposed sale of the units when
+a letter of intent was signed February 17.
+    The company said it is reviewing other offers to buy the
+units and if it decides to accept another offer it will pay HC
+an agreed upon amount and reimburse HC for its expenses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16980" NEWID="10919">
+<DATE>30-MAR-1987 12:58:28.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1900&#31;reute
+d f BC-SIERRACIN-CORP-&lt;SER>   03-30 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIERRACIN CORP &lt;SER> 4TH QTR NET</TITLE>
+<DATELINE>    SYLMAR, Calif., March 30 -
+    </DATELINE><BODY>Oper shr profit nine cts vs loss 26 cts
+    Oper net profit 313,000 vs loss 860,000
+    Revs 18.8 mln vs 16.4 mln
+    Year
+    Oper shr profit 45 cts vs loss 47 cts
+    Oper net profit 1,543,000 vs loss 1,582,000
+    Revs 72.7 mln vs 61.4 mln
+    Note: Current qtr and year figures exclude losses from
+discontinued operations of 179,000 dlrs, or five cts per share
+and 901,000 dlrs, or 27 cts per share, respectively.
+    Prior qtr and year figures exclude losses from discontinued
+operations of 600,000 dlrs, or 17 cts per share and 1.1 mln
+dlrs, or 33 cts per share, respectively.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16981" NEWID="10920">
+<DATE>30-MAR-1987 12:59:11.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1902&#31;reute
+f f BC-NIGERIA-TO-ISSUE-1.5   03-30 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NIGERIA TO ISSUE 1.5 BILLION DLRS IN PROMISSORY NOTES APRIL 7 FOR UNINSURED TRADE DEBT - TRUSTEE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16982" NEWID="10921">
+<DATE>30-MAR-1987 13:00:37.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1905&#31;reute
+d f BC-COMPUTER-MICROFILM-CO   03-30 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER MICROFILM CORP &lt;COMI> YEAR NET</TITLE>
+<DATELINE>    ATLANTA, March 30 -
+    </DATELINE><BODY>Shr 23 cts vs 14 cts
+    Net 439,100 vs 259,948
+    Revs 9,918,413 vs 9,683,392
+    NOTE: Share adjusted for five pct stock dividend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16983" NEWID="10922">
+<DATE>30-MAR-1987 13:01:16.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1909&#31;reute
+d f BC-COMPUTER-MICROFILM-&lt;C   03-30 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER MICROFILM &lt;COMI> SEES HIGHER 1987 NET</TITLE>
+<DATELINE>    ATLANTA, March 30 - </DATELINE><BODY>Computer Microfilm corp said it expects
+revenues of over 12.5 mln dlrs and higher earnings in 1987.
+    The company today reported 1986 earnings of 439,100 dlrs on
+revenues of 9,918,413 dlrs, up from earnings of 259,948 dlrs
+and revenues of 9,683,392 dlrs a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16984" NEWID="10923">
+<DATE>30-MAR-1987 13:01:22.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1910&#31;reute
+d f BC-KEVLIN-MICROWAVE-CORP   03-30 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEVLIN MICROWAVE CORP &lt;KVLM> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    WOBURN, Mass., March 30 -
+    </DATELINE><BODY>Shr profit nil vs profit five cts
+    Net profit 9,879 vs profit 118,852
+    Revs 1,581,894 vs 1,878,052
+    Avg shrs 2,627,952 vs 2,617,090
+    Nine mths
+    Shr loss two cts vs profit 24 cts
+    Net loss 51,001 vs profit 619,860
+    Revs 4,006,024 vs 6,646,587
+    Avg shrs 2,532,959 vs 2,621,397
+    NOTE: Nine mth orders 4,601,463 dlrs, up 39 pct, and
+backlog at end of period 4,906,670 dlrs, up 83 pct from a year
+before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16985" NEWID="10924">
+<DATE>30-MAR-1987 13:01:41.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1913&#31;reute
+d f BC-UNIFAST-INDUSTRIES-IN   03-30 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIFAST INDUSTRIES INC &lt;UFST> YEAR NET</TITLE>
+<DATELINE>    NEW YORK, March 30 -
+    </DATELINE><BODY>Shr 62 cts vs 19 cts
+    Net 961,826 vs 226,429
+    Sales 22.8 mln vs 16.1 mln
+    Avg shrs 1,543,230 vs 1,172,039
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16986" NEWID="10925">
+<DATE>30-MAR-1987 13:01:49.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1914&#31;reute
+d f BC-AZTEC-MANUFACTURING-C   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AZTEC MANUFACTURING CO &lt;AZTC> 4TH QTR LOSS</TITLE>
+<DATELINE>    CROWLEY, Texas, March 30 -
+    </DATELINE><BODY>Shr loss 77 cts vs loss 1.49 dlrs
+    Qtly div two cts vs two cts prior
+    Net loss 3,860,000 vs loss 7,541,000
+    Sales 2,538,000 vs 3,648,000
+    Year
+    Shr loss 78 cts vs loss 1.58 dlrs
+    Net loss 3,935,000 vs loss 7,999,000
+    Sales 10.5 mln vs 16.3 mln
+    NOTE: Dividend pay April 24, record April 10.
+    1986 net both periods includes pretax charge 2,944,000 dlrs
+from writedown of assets and provision 726,000 dlrs for
+obsolete and nonproductive inventory and other items.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16987" NEWID="10926">
+<DATE>30-MAR-1987 13:01:56.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1915&#31;reute
+d f BC-GAC-LIQUIDATING-TRUST   03-30 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAC LIQUIDATING TRUST &lt;GACTZ> YEAR NET</TITLE>
+<DATELINE>    CORAL GABLES, Fla., March 30 -
+    </DATELINE><BODY>Shr 1.05 dlrs vs 27 cts
+    Net 4,193,000 vs 1,070,000
+    Revs 9,377,000 vs 9,444,000
+    NOTE: 1986 net includes gain two mln dlrs from reduction of
+loss allowance on undeveloped land.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16988" NEWID="10927">
+<DATE>30-MAR-1987 13:02:05.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1916&#31;reute
+b f BC-NIGERIA-TO-ISSUE-1.5   03-30 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA TO ISSUE 1.5 BILLION DLRS OF NOTES</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Nigeria plans to issue on April 7 a
+further 1.5 billion dlrs in short-term promissory notes to its
+uninsured trade creditors in connection with existing arrears
+on those debts, Law Debenture Trust Corp Plc said as trustee
+for the notes.
+    It said Nigeria also plans to hold talks with a newly
+appointed representative for those creditors fairly soon, and
+that Nigeria also will call "at an early date" an extraordinary
+meeting of noteholders, including holders of the new notes. The
+purpose of that meeting will be to consider a resolution to the
+arrears on the trade debt and the promissory notes.
+    Nigeria missed the first principal payment due on the notes
+last autumn and another payment of about 30 mln dlrs that was
+due in early January because of a cash shortage, which stemmed
+partly from the drop in oil prices last year.
+    An official of the Law Debenture Trust said he did not know
+when the new representative for the noteholders, David Murison,
+would meet the Nigerians. He noted the Nigerians currently are
+attempting to negotiate bilateral agreements with members of
+the Paris Club of western creditor governments under a
+multilateral pact on these debts reached in December. So far,
+bilateral accords have been reached with the U.K. And France.
+    Law Debenture Trust, as trustee for the notes, has been
+attempting to organise a meeting between the note holders and
+Nigeria for the last coupole of months. The appointment of
+Murison, chairman of Westpac Banking Corp's Mase Westpac Ltd
+unit in London, was made in an effort to better coordinate
+these efforts.
+    The Law Debenture official said Murison will begin talks
+with Nigeria as soon as they return to London. And although it
+is hoped that a meeting of all note holders could be held by
+end-May, he said this may not be possible since four weeks
+notice of the meeting is required by law.
+    The discussions with the note holders are being held in
+conjunction with proposals to rescheduling Nigeria's debt to
+commercial banks and official credit agencies.
+    When talks began last April on rescheduling part of the
+country's approximate 19 billion dlrs of foreign debt, the
+commercial banks insisted that it be contingent on Nigeria
+obtaining a rescheduling of its official debts as well. The
+Nigerians then extended this to include all uninsured trade
+debt.
+    The commercial bank package has yet to be signed due in
+part to the reluctance of Japanese banks, which have a
+relatively small exposure, to participate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16989" NEWID="10928">
+<DATE>30-MAR-1987 13:03:16.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1924&#31;reute
+r f BC-ALLEGHENY   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR HAS 8.0 PCT OF ALLEGHENY INT'L &lt;AG></TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>A group of firms and funds
+controlled by New York investor Mario Gabelli said it has
+acquired the equivalent of 882,507 shares of Allegheny
+International, or 8.0 pct of the total outstanding.
+    In a filing with the Securities and Exchange Commission,
+the Gabelli group said it bought the stake as part of its 
+business and not in an effort to seek control of the company.
+    It said it may by more shares or sell some or all of its
+current stake. The stake includes 782,000 common shares and
+cumulative convertible preferred stock which could be converted
+into 100,507 common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16990" NEWID="10929">
+<DATE>30-MAR-1987 13:06:20.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1936&#31;reute
+r f BC-MCDONALD'S-&lt;MCD>-TO-B   03-30 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONALD'S &lt;MCD> TO BUY 10-7/8 PCT DEBENTURES</TITLE>
+<DATELINE>    OAK BROOK, ILL., March 30 - </DATELINE><BODY>McDonald's Corp said it is
+offering to buy the 25 mln dlrs in its outstanding 10-7/8 pct
+debentures due July 15, 2015.
+    It said debentures will be purchased at 1,118.30 dlrs per
+1,000 dlrs principal amount, plus accrued interest. The
+original debenture issue was for 100 mln dlrs.
+    It said the buyback offer expires April Eight, unless
+extended.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16991" NEWID="10930">
+<DATE>30-MAR-1987 13:06:56.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1938&#31;reute
+r f BC-SIERRACIN-&lt;SER>-PAYS   03-30 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIERRACIN &lt;SER> PAYS DEBT, GETS NEW LOAN PACT</TITLE>
+<DATELINE>    SYLMAR, Calif., March 30 - </DATELINE><BODY>Sierracin Corp said it completed
+the repayment of its entire 14 mln dlr bank debt and entered a
+new, unsecured revolving credit term loan agreement.
+    The new arrangement provides for borrowings of up to 10 mln
+dlrs at the bank's prime rate and replaces a secured credit
+line which expired in February, Sierracin also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16992" NEWID="10931">
+<DATE>30-MAR-1987 13:07:07.95</DATE>
+<TOPICS><D>nzdlr</D><D>austdlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1939&#31;reute
+r f BC-U.S.-CORPORATE-FINANC   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORPORATE FINANCE - NEW ZEALAND DLR FRNS</TITLE>
+<AUTHOR>    By John Picinich, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Floating-rate notes denominated in a
+foreign currency, a relatively new wrinkle on Wall Street, will
+probably be issued infrequently because the so-called "window
+of opportunity" opens and closes quickly, traders say.
+    "In just two days we had as many issues. As a result, the
+market became glutted," said one trader.
+    He said the window depends more on supply than on foreign
+exchange or interest rate risk, at least for the moment.
+"Obviously, currency risk is important. But there is a limited
+number of investors right now for the paper," he said.
+    On Thursday, Bear, Stearns and Co sole-managed a 100 mln
+New Zealand dlr offering of three-year floating-rate notes
+issued by Ford Motor Credit Co, a unit of Ford Motor Co &lt;F>.
+    The initial rate for the notes will be set on April 15, and
+quarterly after that, at 200 basis points below the 90-day New
+Zealand bank bill rate. They are non-callable for life.
+    This followed by a week another Bear Stearns-led offering
+of the same amount of New Zealand dollar notes for Dow Chemical
+Co &lt;DOW>. The initial rate was also to be initially set on
+April 15, and quarterly after that, at 340 basis points below
+the same 90-day New Zealand rate.
+    Because the Dow Chemical notes carried an interest rate
+floor of 17 pct, the issue saw strong investor demand,
+underwriters said.
+    But the Ford Credit notes and Friday's offering of 130 mln
+New Zealand dlrs of floating-rate notes due 1990 issued by
+General Electric Co's &lt;GE> General Electric Credit Corp via
+Prudential-Bache Securities Inc, did not have such a floor.
+    "Obviously, the two firms did not want to issue floaters
+and face the risk of New Zealand rates falling sharply," an
+underwriter away from the syndicates said. He and others noted
+that the New Zealand 90-day rate was 27 pct late last week.
+    An underwriter familiar with the Dow Chemical deal pointed
+out that because of the interest rate and currency swaps Dow
+did, the issuer felt comfortable setting a rate floor.
+    Domestic offerings of foreign currency denominated date
+first surfaced in Fall 1985. By using currency and rate swaps,
+companies can sell debt that pays a high interest rate in a
+foreign currency like Australian or New Zealand dollars. But
+the issuers actually realize savings on borrowing costs.
+    "I would say that every company which issued foreign
+currency debt saved some basis points when compared to
+same-maturity plain vanilla U.S. issues," an analyst said.
+    Investors, mainly institutions, were attracted to the early
+issues because of the high interest rates. They were willing to
+absorb foreign currency risk until mid-1986, when sharp slides
+posted by the Australian and New Zealand dollars brought such
+issuance to a quick halt.
+    It was not until late last year, after the currencies
+stabilized, that companies again started issuing debt
+denominated in Australian and New Zealand dollars.
+    But many investors have still shied away from the debt,
+remembering the mid-1986 downturn of the Australian and New
+Zealand dollars, analysts noted.
+    To attract some of those investors back to the fold,
+underwriters like Bear Stearns decided to structure the foreign
+currency issues as floating rate debt, sources said.
+    This occurred against a backdrop of uncertainty over the
+course of U.S. interest rates for the intermediate term, and
+predictions by a number of economists that Treasury yields
+would rise in the second half of the year, the sources noted.
+    A Bear Stearns officer said more than half of the Ford
+Credit notes were sold by late Friday afternoon, the second day
+of offering. "That is quicker than some recent fixed-rate New
+Zealand dollar note issues," he said.
+    However, underwriters away from the Bear Stearns syndicate
+said the issue may have sold even faster if Prudential-Bache
+did not offer the General Electric Credit notes on Friday.
+    They pointed out that the Ford notes were rated A-1 by
+Moody's Investors and AA-minus by Standard and Poor's, while
+the General Electric notes, which had the same interest rate
+terms and were also non-callable to maturity, carried
+top-flight AAA ratings by both agencies.
+    "We have sold 20 to 25 pct of the GE notes. For first-day
+sales on a Friday afternoon, I'm happy with the results," an
+officer on Prudential-Bache's syndicate desk said.
+    Investors pay the U.S. dollar equivalent of the foreign
+currency-denominated notes, underwriters said.
+    Investment bankers said the next floating-rate issue of New
+Zealand or Australian dollar-denominated debt is probably a few
+weeks away.
+    "I would like to underwrite a deal a day. But with the Dow,
+Ford and GE offerings, the marketplace has had enough for the
+time being," the Prudential-Bache officer admitted.
+    Meanwhile, IDD Information Services said the 30-day
+corporate visible supply fell to 3.29 billion dlrs last week
+from 3.98 billion dlrs in the previous week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16993" NEWID="10932">
+<DATE>30-MAR-1987 13:07:39.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1940&#31;reute
+b f T--U.S.-BILL-SALES-SEEN   03-30 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BILL SALES SEEN AT 5.74/72, 5.82/81 PCT</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>The U.S. Treasury's regular weekly
+bill auction is expected to produce an average yield of about
+5.74/72 pct for the three-month maturities and 5.82/81 pct for
+the six-month, dealers said.
+    The current issues were yielding 5.71/70 and 5.76/75 pct
+respectively in early afternoon trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16994" NEWID="10933">
+<DATE>30-MAR-1987 13:09:24.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1945&#31;reute
+u f BC-FRENCH-TREASURY-DETAI   03-30 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH TREASURY DETAILS PLANNED TAP ISSUE</TITLE>
+<DATELINE>    PARIS, March 30 - </DATELINE><BODY>The French Treasury will issue between
+eight and 12 billion francs worth of tap stock depending on
+market conditions at its next monthly tender on Thursday,
+banking sources said.
+    The planned issue will be of two fixed rate tranches, of
+the 8.50 pct 1997 and the 8.50 pct 2002 stock, and one tranche
+of the 1999 variable-rate stock. The minimum amount of each
+tranche to be sold will be one billion francs.
+    At its last tender on March 4, the Bank of France sold
+11.05 billion francs of tap stock.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16995" NEWID="10934">
+<DATE>30-MAR-1987 13:10:22.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1950&#31;reute
+r f BC-BANKS-FILE-SUIT-AGAIN   03-30 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS FILE SUIT AGAINST SAUDI COMPANY</TITLE>
+<DATELINE>    BAHRAIN, March 30 - </DATELINE><BODY>Four international banks have filed
+claims for 131.2 mln riyals against the owners of Saudi
+construction and trading group Abdulla Fouad and Sons Co,
+bankers and lawyers in the Kingdom said.
+    Bankers said the suit may prove to be a test case for banks
+which have so far been largely frustrated in their attempts to
+reclaim loans through the Saudi Arabian legal system.
+    Citibank N.A., Bank of America NT and SA, Arab Banking Corp
+(ABC) and the Bank of Bahrain and Kuwait (BBK) filed claims
+with a special Saudi court under the jurisdiction of the
+Ministry of Commerce on March 7.
+    A hearing at the Dammam court, the Negotiable Instruments
+Committee, has been set for April 19.
+    A company spokesman declined comment.
+    The company was hit by the decline in Saudi Arabia's
+economy but chairman Abdulla Fouad arranged to settle debts
+with Saudi bank creditors by ceding them a hospital, shares and
+an office building, bankers said.
+    The four non-Saudi banks, however, decided to press their
+claims in the court.
+    The bankers and lawyers said claims are based on promissory
+notes signed by the limited liability company and backed by
+personal guarantees signed by Abdulla Fouad, his two wives and
+his sons and daughters.
+    The claims are for a 34.2 mln riyal loan from ABC, a 42 mln
+riyal syndicated loan led by Bank of America and including BBK
+and two loans of 15 mln riyals and 40 mln signed from Citibank.
+    The loans were signed between july 1984 and january 1985.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16996" NEWID="10935">
+<DATE>30-MAR-1987 13:10:36.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1952&#31;reute
+r f BC-USLICO-&lt;USC>-STARTS-T   03-30 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USLICO &lt;USC> STARTS TRADING ON NYSE</TITLE>
+<DATELINE>    ARLINGTON, Va., March 30 - </DATELINE><BODY>USLICO Corp said its common
+stock has started trading on the New York Stock Exchange.
+    The stock was formerly traded on the NASDAQ system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16997" NEWID="10936">
+<DATE>30-MAR-1987 13:11:21.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T M G
+&#22;&#22;&#1;f1953&#31;reute
+d f AM-UMOA   03-30 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>W. AFRICA CENTRAL BANK WANTS IMF PARTICIPATION</TITLE>
+<DATELINE>    ABIDJAN, March 30 - </DATELINE><BODY>The Governor of the Central Bank of
+West African CFA franc zone countries (UMOA) today urged that
+the bank should be involved in all negotiations with the
+International Monetary Fund but said the zone's seven member
+countries were not thinking of ditching the fund.
+    Abdoulaye Fadiga told reporters after a regular one-day
+meeting of UMOA finance ministers here that the bank's
+participation in future credit talks with the IMF would promote
+a greater coherence in Fund aid granted to the region.
+    But he stresed that UMOA, which last month called for a new
+relationship with the IMF, was not contemplating a break with
+the fund.
+    "Member states (of UMOA) never envisaged breaking with the
+Fund," he said.
+    Fadiga said an extraordinary UMOA meeting held in Ivory
+Coast's inland capital, Yamoussoukro, last month, stresssed the
+need for growth-oriented IMF adjustment policies.
+    "Borrowing to pay off debts cannot be a solution," he added.
+    UMOA members are Benin, Burkina Faso, Ivory Coast, Mali,
+Niger, Senegal and Togo. The zone's common-curreny, the CFA
+franc, is pegged to the French franc at the rate of 50 CFA
+francs to one French franc.
+    Fadiga said many of the region's problems stem from low
+commodity prices and a weak dollar.
+    He applauded last week's agreement between producers and
+consumers on the functioning of a new international cocoa pact,
+saying negotiation of other commodity accords would benefit
+UMOA countries.
+    He also urged action to persuade West Africans to transfer
+more money through the regular banking system rather than using
+non-official channels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16998" NEWID="10937">
+<DATE>30-MAR-1987 13:11:56.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1956&#31;reute
+r f BC-GAC-LIQUIDATING-TRUST   03-30 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAC LIQUIDATING TRUST &lt;GACTZ> SELLS LAND</TITLE>
+<DATELINE>    CORAL GABLES, Fla., March 30 - </DATELINE><BODY>GAC Liquidating Trust said
+it has completed the sale of its Rio Rico 16,653 acre
+undeveloped land tract in Nogales, Ariz., for about 4,725,000
+dlrs.
+    It said it received about one mln dlrs in cash at closing,
+less costs and expenses, and a 3,725,000 dlr promissory note
+secured by irrevocable bank letters of credit and a first deed
+of trust on substantially all the property sold.  The
+promissory note is payable in cash without interest one year
+after closing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16999" NEWID="10938">
+<DATE>30-MAR-1987 13:17:12.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1977&#31;reute
+r f BC-MCDONNELL-&lt;MD>-UNIT-S   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL &lt;MD> UNIT SIGNS PACT WITH MARTIN &lt;ML></TITLE>
+<DATELINE>    BETHESDA, Md., March 30 - </DATELINE><BODY>Martin Marietta Corp said it
+signed an exclusive agreement with McDonnell Douglas Corp's
+Tymnet Co for Tymnet to provide data communications services as
+a member of its team bidding on the federal government's FTS
+2000 telecommunications system.
+    Tymnet is a unit of McDonnell's Information Systems Group.
+    The government's FTS 2000 system will replace the current
+one operated for federal agencies by the General Services
+Administration. The GSA issued a request for proposals in
+January, with responses due in June and selection of a
+contractor scheduled by year end.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17000" NEWID="10939">
+<DATE>30-MAR-1987 13:17:36.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1980&#31;reute
+r f BC-EXECUTIVE-TELECOM-&lt;XT   03-30 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXECUTIVE TELECOM &lt;XTEL> EXTENDS WARRANTS</TITLE>
+<DATELINE>    TULSA, March 30 - </DATELINE><BODY>Executive Telecommunications Inc said its
+board has extended the exercise date of its warrants to
+December 31 from March 31.
+    Each allows the purchase of one common share at 1.50 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17001" NEWID="10940">
+<DATE>30-MAR-1987 13:17:55.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1982&#31;reute
+r f BC-CENTRONICS-&lt;CEN>-NAME   03-30 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRONICS &lt;CEN> NAMES SALOMON &lt;SB> AS ADVISOR</TITLE>
+<DATELINE>    NASHUA, N.H., March 30 - </DATELINE><BODY>Centronics Corp said it has named
+Salomon Inc financial advisor to help it identify acquisition
+candidates.
+    Centronics sold its computer business in February and
+substantially all of its assets now consist of cash.  It said
+it intends to acquire at least one business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17002" NEWID="10941">
+<DATE>30-MAR-1987 13:18:02.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1983&#31;reute
+r f BC-&lt;CLAYTON-AND-DUBILIER   03-30 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CLAYTON AND DUBILIER INC> SELLS BURPEE</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Privately-held Clayton and Dubilier
+Inc said it has sold W. Atlee Burpee Co to a new company formed
+by Wicks Capital Corp, Bankers Trust New York Corp &lt;BT> aND
+Burpee management for undisclosed terms.
+    The garden supply company was acquired from ITT Corp &lt;ITT>
+in December along with O.M. Scott and Sons Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17003" NEWID="10942">
+<DATE>30-MAR-1987 13:20:43.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D><D>nyce</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1988&#31;reute
+u f BC-U.S.-REGULATORS-TO-CO   03-30 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. REGULATORS TO CONSIDER CBT EVENING SESSION</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The Commodity Futures Trading
+Commission, CFTC, said that on April 15 it will consider the
+Chicago Board of Trade's proposal to establish night trading.
+    The Chicago exchange hopes to begin night trading at the
+end of the month. The proposed trading session -- which would
+be the first in the United States -- would extend from 1700 to
+2100 local time (2300 to 0300 GMT).
+    CFTC also said that on April 22 it will consider the
+Philadelphia Board of Trade's application to trade futures on
+the Australian dollar and the New York Cotton Exchange's
+application to trade the five-year U.S. Treasury Index.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17004" NEWID="10943">
+<DATE>30-MAR-1987 13:21:04.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1991&#31;reute
+b f BC-GCA-CORP-&lt;GCA>-YEAR   03-30 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GCA CORP &lt;GCA> YEAR</TITLE>
+<DATELINE>    ANDOVER, Mass., March 30 -
+    </DATELINE><BODY>Shr loss 1.77 dlrs vs loss 10.47 dlrs
+    Net loss 24.9 mln vs loss 123.1 mln
+    Revs 123.1 mln vs 156.5 mln
+    NOTE:1985 loss includes loss of 51.2 mln dlrs from
+discontinued operations. 1986 loss includes gain of 6.8 mln
+dlrs from discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17005" NEWID="10944">
+<DATE>30-MAR-1987 13:23:35.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2000&#31;reute
+u f BC-DOW-&lt;DOW>-SEES-RECORD   03-30 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW &lt;DOW> SEES RECORD ANNUAL PROFITS IN 1987</TITLE>
+<DATELINE>    HOUSTON, March 30 - </DATELINE><BODY>Dow Chemical Co believes strong margins
+for chemical products could result in record earnings this
+year, Chairman Paul Oreffice said.
+    "I'm hoping we will have the best year in our history
+profit-wise," he told reporters following a speech at The
+American Institute of Chemical Engineers meeting.
+    "I believe the entire chemical industry is headed for a
+record year, or close to it," Oreffice said.
+    In 1986, Dow earned 741 mln dlrs an increase from 1985's 58
+mln dlrs brought about by falling oil prices and resulting
+cheaper feedstock costs.
+    Oreffice also said Dow's profit margins on chemical
+products would improve this year over last year.
+    He said reduced capacity in the chemical industry and the
+weakened U.S. dollar would also contribute to the company's
+improved performance.
+    Dow will spending about 650 mln dlrs on research and
+development in 1987 with an emphasis on new specialty
+chemicals, Oreffice said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17006" NEWID="10945">
+<DATE>30-MAR-1987 13:24:56.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2003&#31;reute
+r f BC-GANNETT'S-&lt;GCI>-USA-T   03-30 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANNETT'S &lt;GCI> USA TODAY'S ADVERTISING RISES</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Gannett Co's USA Today said it
+carried a total of 957 paid advertising pages through the end
+of its first quarter, compared to 769 paid pages a year ago.
+    USA Today said it has averaged just under 15 advertising
+pages per day in 1987, up from 12 per day in the first quarter
+of 1986.
+    Gannett also said that effective March 30, USA Today will
+have a new circulation rate base of 1.50 mln up from its
+previous base of 1.45 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17007" NEWID="10946">
+<DATE>30-MAR-1987 13:29:00.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2011&#31;reute
+d f BC-CHEROKEE-GROUP-&lt;CHKE>   03-30 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEROKEE GROUP &lt;CHKE> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    NORTH HOLLYWOOD, Calif., March 30 -
+    </DATELINE><BODY>Shr 22 cts vs 16 cts
+    Net 2,460,000 vs 1,730,000
+    Sales 37.0 mln vs 27.3 mln
+    Per share figures adjusted for two-for-one stock split of
+February 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17008" NEWID="10947">
+<DATE>30-MAR-1987 13:29:38.37</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2012&#31;reute
+u f BC-CRUDE-OIL-NETBACKS-UP   03-30 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRUDE OIL NETBACKS UP IN U.S., MEDITERRANEAN</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Crude oil netback values in complex
+refineries rose slightly in the U.S. and the Mediterranean 
+last Friday from the previous week but were lower elsewhere,
+according to calculations by Reuters Pipeline.
+    The soft tone to refining margins reflects large worldwide
+stocks of petroleum products and thin trading activity, traders
+said.
+    In the U.S. Gulf, sweet crudes rose in value by as much as
+26 cts a barrel for West Texas Intermediate, an increase of 1.4
+pct from the previous Friday, while sour crudes, such as
+Alaska North Slope, were up one pct.
+    In the Mediterranean, netback values were up 17 cts to 22
+cts a barrel, with Arab Light up 17 cts a barrel to 18.62 dlrs,
+a 0.9 pct increase from the previous Friday and Urals were up
+22 cts a barrel to 19.16 dlrs, a 1.2 pct increase.
+    But netbacks for crude oil refined in Northern Europe was
+generally lower with Brent valued at 18.89 dlrs, off 30 cts
+from the previous friday, and Bonny Light was off 17 cts to
+19.58 dlrs a barrel.
+    Refinery netbacks in Singapore were also lower, with
+heavier and sour crudes weakest. Arab Heavy dropped 10 cts to
+16.63 dlrs a barrel and Dubai was off 12 cts to 18.09 dlrs.
+    On the U.S. West Coast, however, netback values for ANS CIF
+L.A. were weaker with weak gasoline prices sending the yield at
+cracking plants down 68 cts to 18.42 dlrs from the previous
+Friday, as shown below in dlrs a barrel.
+TOPPING.........15.63......16.10......14.30
+CRACKING........18.42......19.10......16.86
+    The Mediterranean region also showed netback values rising
+last Friday over the previous week with the largest gains shown
+by Es Sider and the heavier Urals crude oil, which were each up
+22 cts a barrel last Friday to 19.40 dlrs and 19.16 dlrs a
+barrel, respectively.
+    Netback values for the mediterranean region are shown below
+in dlrs a barrel.
+GRADE...........MAR 27.....MAR 20.....FEB 27
+ES SIDER........19.40......19.18......16.44
+ARAB LIGHT......18.61......18.44......15.52
+IRAN LT.........19.25......19.08......16.16
+KUWAIT..........18.51......18.33......15.42
+URALS cif.......19.16......18.94......16.07
+    Netbacks in Northern Europe's refinery region were lower
+last friday from the previous week with Brent falling 1.6 pct
+to 18.89 dlrs a barrel.
+     Netbacks for other grades of oil refined in Northern
+Europe are shown below in dlrs a barrel.
+................MAR 27.....MAR 20.....FEB 27
+BRENT...........18.89......19.19......16.77
+BONNY LIGHT.....19.58......19.75......17.15
+ARAB LIGHT......18.49......18.52......16.07
+URALS CIF.......19.02......18.98......16.54
+    Refinery netbacks in Singapore were also lower with heavier
+and sour crudes weakest.
+    Arab Heavy dropped 10 cts to 16.63 dlrs a barrel and Dubai
+was off 12 cts to 18.09 dlrs.
+     Netbacks for other grades of oil refined in Singapore  are
+shown below in dlrs a barrel.
+GRADE...........MAR 27.....MAR 20.....FEB 27
+ATTAKA..........19.23......19.24......16.72
+ARAB LIGHT......18.00......18.10......15.55
+OMAN............18.21......18.25......16.31
+DUBAI...........18.09......18.21......15.86
+ARAB HEAVY......16.63......16.73......14.24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17009" NEWID="10948">
+<DATE>30-MAR-1987 13:29:47.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2013&#31;reute
+r f BC-BANKS-FILE-SUIT-AGAIN   03-30 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS FILE SUIT AGAINST SAUDI COMPANY</TITLE>
+<DATELINE>    BAHRAIN, March 30 - </DATELINE><BODY>Four international banks have filed
+claims for 131.2 mln riyals against the owners of Saudi
+construction and trading group Abdulla Fouad and Sons Co,
+bankers and lawyers in the Kingdom said.
+    Bankers said the suit may prove to be a test case for banks
+which have so far been largely frustrated in their attempts to
+reclaim loans through the Saudi Arabian legal system.
+    Citibank N.A., Bank of America NT and SA, Arab Banking Corp
+(ABC) and the Bank of Bahrain and Kuwait (BBK) filed claims
+with a special Saudi court under the jurisdiction of the
+Ministry of Commerce on March 7.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17010" NEWID="10949">
+<DATE>30-MAR-1987 13:30:27.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2014&#31;reute
+d f BC-ARIZONA-NUCLEAR-PLANT   03-30 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARIZONA NUCLEAR PLANT BEGINS FUEL LOADING</TITLE>
+<DATELINE>    WINTERSBURG, Ariz, March 30 - </DATELINE><BODY>Fuel loading of the Palo
+Verde Unit 3 nuclear power plant began Saturday, the Arizona
+Nuclear Power Project said.
+    The plant, rated at 1,270 megawatts, is expected to enter
+commercial service by the end of this year, the company said.
+Palo Verde Units 1 and 2 are already in commercial operation
+and also are rated at 1,270 MW each, the company said.
+    The Arizona Nuclear Power Project is a consortium of
+southwest U.S. utilities including AZP Group's &lt;AZP> Arizona
+Public Service Co, Southern California Edison &lt;SCE>, El Paso
+Electric Co &lt;ELPA>, and Public Service Co of New Mexico &lt;PNM>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17011" NEWID="10950">
+<DATE>30-MAR-1987 13:30:55.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2015&#31;reute
+d f BC-CIRCLE-EXPRESS   03-30 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR GROUP HAS CIRCLE EXPRESS &lt;CEXX> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>An investor group controlled by New
+York Investor David Rocker told the Securities and Exchange
+Commission it has acquired 291,400 shares of Circle Express
+Inc, or 6.1 pct of the total outstanding common stock.
+    The group, Rocker Partners Ltd and Compass Investments Ltd,
+said it bought the stake for investment purposes and not as
+part of an effort to seek control of the company.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17012" NEWID="10951">
+<DATE>30-MAR-1987 13:31:52.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2017&#31;reute
+r f BC-PARADYNE-&lt;PDN>-LAUNCH   03-30 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARADYNE &lt;PDN> LAUNCHES MODEMS, NETWORK SYSTEM</TITLE>
+<DATELINE>    LARGO, Fla., March 30 - </DATELINE><BODY>Paradyne Corp said it introduced a
+new 3400 series of high-speed network diagnostic modems that
+provide an open-ended, modular approach to telecommunications
+requirements.
+    It said one modem, the 3450, costs 8,900 dlrs and the
+other, the 3470, costs 11,500 dlrs.
+    It also said it introduced the ANALYSIS 6510, a new
+generation of advanced and automated network management and
+control systems. It said the price of an entry level
+configuration is 21,250 dls.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17013" NEWID="10952">
+<DATE>30-MAR-1987 13:33:17.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T G M
+&#22;&#22;&#1;f2024&#31;reute
+r f BC-NIGERIA-TO-ISSUE-1.5   03-30 0146</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA TO ISSUE 1.5 BILLION DLRS OF NOTES</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>Nigeria will issue April 7 1.5 billion
+dlrs in short-term promissory notes to its uninsured trade
+creditors in connection with existing arrears on those debts,
+Law Debenture Trust Corp Plc said as trustee for the notes.
+    It said Nigeria also plans to hold talks with a newly
+appointed representative for those creditors fairly soon, and
+that Nigeria will call "at an early date" an extraordinary
+meeting of noteholders, including holders of the new notes. The
+purpose of that meeting will be to consider a resolution to the
+arrears on the trade debt and the promissory notes.
+    Nigeria missed the first principal payment due on the notes
+last autumn and another payment of about 30 mln dlrs that was
+due in early January because of a cash shortage, which stemmed
+partly from the drop in oil prices last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17014" NEWID="10953">
+<DATE>30-MAR-1987 13:34:37.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2033&#31;reute
+r f BC-FEDERAL-BANK-BOARD-CL   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL BANK BOARD CLOSES CALIFORINIA THRIFT</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The Federal Home Loan Bank Board
+said it had closed Equitable Savings and Loan Association of 
+Fountain Valley, Calif., and transferred its insured deposits
+to Empire of America-California, FSB, a federal savings bank in
+Woodland Hills, Calif.
+    Equitable had assets of 59.12 mln dlrs. Empire is a
+subsidiary of Empire of America, FSB, Buffalo, N.Y., which has
+9.1 billion dlrs in assets and 143 offices in five states.
+    The former offices of Equitable will open as branches of
+Empire and Equitable's depositors will have immediate access to
+their insured funds.
+    Equitable was insolvent and had substantially dissipated
+assets and earnings, resulting in an unsafe and unsound
+condition to transact business, the bank board said.
+    It was the seventh closing of a thrift in the nation this
+year and the first liquidation in California.
+    The FHLBB said Equitable had deposits of 79.2 mln dlrs, all
+of which was insured except for about 300,000 dlrs.
+    A spokeswoman for the board said information on the cost of
+the transfer to the Federal Savings and Loan Insurance Corp.
+was unavailable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17015" NEWID="10954">
+<DATE>30-MAR-1987 13:34:49.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2034&#31;reute
+r f BC-CENTRAL/SOUTH-WEST-&lt;C   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL/SOUTH WEST &lt;CSR> UNIT OFFERS PREFERRED</TITLE>
+<DATELINE>    DALLAS, March 30 - </DATELINE><BODY>Central and South West Corp said its
+Southwestern Electric Power Co subsidiary has sold at
+competitive bidding to underwriters 40 mln dlrs of 6.95 pct
+sinking fund preferred stock.
+    It said winning underwriter Shearson Lehman Brothers Inc,
+an American Express Co &lt;AXP> subsidiary, is offering the shares
+to the public at a price of 100 dlrs per share to yield 6.95
+pct.  It said net proceeds to Central and South West were 99.25
+dlrs for each of the 400,000 shares.  The issue is
+nonrefundable for five years and a sinking fund starting in
+1992 will retire three pct of the issue a year.
+    The company has the option to repurchase another three pct
+annually.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17016" NEWID="10955">
+<DATE>30-MAR-1987 13:35:11.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2037&#31;reute
+r f BC-VESTRON-&lt;VV>-IN-SUIT   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VESTRON &lt;VV> IN SUIT OVER VIDEOCASSETTE RIGHTS</TITLE>
+<DATELINE>    STAMFORD, Conn., March 30 - </DATELINE><BODY>Vestron Inc said it is seeking
+an order in California Superior court for Los Angeles County to
+restrain Hemdale Film Corp and its Hemdale Video corp affiliate
+from distributing or relasing the films "Platoon" and
+"Hoosiers" in all ancillary markets.
+    The company said its suit seeks to order Hemdale to live up
+to commitments under its exclusive home video distributrion
+agreements with Vestron for the films and seeks damages for
+lost profits as well.
+    Vestron said the suit alleges that Hemdale was to deliver
+each film to Vestron within 30 days after theatrical release.
+    The company alleged Hemdale has refused to deliver the
+films in an attempt to renegotiate the agreements with Vestron.
+    It said the dispute appears to make a significant delay of
+the videocassette release of Platoon inevitable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17017" NEWID="10956">
+<DATE>30-MAR-1987 13:37:29.83</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2043&#31;reute
+u f BC-FRENCH-1986/87-SOFT-W   03-30 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH 1986/87 SOFT WHEAT EXPORTS FALL</TITLE>
+<DATELINE>    PARIS, March 30 - </DATELINE><BODY>Exports of French soft wheat for the
+period July 1, 1986, to March 1, 1987, fell 27.6 pct to 8.21
+mln tonnes from 11.34 mln tonnes in the same 1985/86 period,
+the national cereals office ONIC said quoting customs figures.
+    Of this total, exports to non-EC countries totalled 3.76
+mln tonnes, 34 pct down on 5.70 mln, and exports to EC nations
+4.45 mln tonnes, 21.1 pct down on a previous 5.64 mln.
+    Main EC destinations were Italy with two mln tonnes versus
+1.9 mln, Belgium 500,000 tonnes (one mln), Netherlands 500,000
+(600,000), West Germany 500,000 (800,000), Spain 300,000
+(zero), Britain 300,000 (700,000), Greece 200,000 (300,000),
+and Ireland 100,000 (200,000).
+    In flour, exports totalled 980,000 tonnes, up 6.5 pct on a
+previous 920,000 tonnes.
+    Exports of maize totalled 4.11 mln tonnes, 37.4 pct up on a
+previous 2.99 mln. Exports to non-EC countries were 190,000
+tonnes against 140,000 and to EC countries 3.92 mln tonnes
+against 2.84 mln.
+    Main EC desinations were Netherlands 900,000 (600,000),
+Belgium 800,000 (one mln), Britain 700,000 (500,000), West
+Germany 400,000 (same), Italy 300,000 (200,000) and Greece
+300,000 (zero).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17018" NEWID="10957">
+<DATE>30-MAR-1987 13:39:35.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2050&#31;reute
+f f BC-******texaco-seeks-re   03-30 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEXACO SAYS IT FILED FOR REHEARING BY TEXAS APPEALS COURT OF PENNZOIL CASE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17019" NEWID="10958">
+<DATE>30-MAR-1987 13:40:08.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2052&#31;reute
+d f BC-STAN-WEST-&lt;SWMC>-MAKE   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STAN WEST &lt;SWMC> MAKES PRIVATE PLACEMENT</TITLE>
+<DATELINE>    SCOTTSDALE, Ariz., March 30 - </DATELINE><BODY>Stan West Mining Corp said it
+completed a private placement of three mln units, consisting of
+three mln common shares and warrants to purchase another 1.5
+mln shares.
+    The units were placed among institutional investors outside
+the United States and Canada through lead agent Shearson Lehman
+Brothers International Inc, Stan West said.
+    It said the transaction will raise over 13 mln dlrs before
+fees and expenses.
+    Trading in Stan West was halted earlier, news pending. It
+last traded at 4-11/16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17020" NEWID="10959">
+<DATE>30-MAR-1987 13:42:14.60</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2054&#31;reute
+b f BC-IBC-EXPECTED-TO-MAINT   03-30 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC EXPECTED TO MAINTAIN COFFEE EXPORT FORMULA</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 30 - </DATELINE><BODY>The Brazilian Coffee Institute,
+IBC, is expected to maintain its previous pricing system when
+it reopens export registrations, probably later this week,
+exporters said.
+    They said IBC President Jorio Dauster is likely to leave
+the basic formula for the minimum registration price unchanged
+but raise the contribution quota to partially offset the
+effects of cruzado devaluation since April registrations were
+closed in mid-February.
+    To fully compensate for devaluation the quota would have to
+be around 28 dlrs per bag against 7.0 when registrations closed.
+    However, even a 21 dlr per bag rise in the contribution
+quota would make Brazil coffees uncompetitive on world markets,
+and an increase to around 15 dlrs a bag is more likely, the
+exporters said.
+    They added that Dauster is keen to raise the contribution
+quota as the Institute needs money to repay Central Governmnet
+funds released to finance IBC purchases at the guaranteed
+producer price.
+    Although a vote in the Monetary Council to provide more
+funds for such purchases was deferred on technical grounds last
+week, funds are still being released for subsequent approval.
+    The sources said it is still unclear when registrations
+will be reopened, although most expect it to be by the end of
+this week.
+    "Brazil owes it to its customers to make its intentions
+know. A country like Brazil cannot afford to be permanently
+closed down," one exporter said.
+    However, before announcing its export policy the IBC is
+likely to wait to see if tomorrow's meeting of the
+International Coffee Organisation, ICO, executive board in
+London decides to call a full council meeting to discuss
+reintroduction of export quotas, sources said.
+    There is also talk of the announcement this week of new
+measures to adjust the Brazilian economy, and the IBC could be
+awaiting clarification before making any move, the exporters
+said.
+    Another factor which could be delaying the opening of
+registrations is the current strike by bank workers which,
+while not affecting current shipments, could affect
+documentation and currency operations for new sales.
+    This would certainly be the case if the IBC was considering
+obliging exporters to pay the contribution quota within two or
+three days of registering a sale.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17021" NEWID="10960">
+<DATE>30-MAR-1987 13:42:52.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2058&#31;reute
+d f BC-&lt;VISTA-MANAGEMENT-INC   03-30 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;VISTA MANAGEMENT INC> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    HIALEAH, Fla., March 30 - </DATELINE><BODY>Vista Management Inc said it has
+agreed to acquire General Energy Development Inc for over
+2,200,000 dlrs in cash, with financing to come from mortgage
+loans on the National Auto Service Centers General Energy
+operates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17022" NEWID="10961">
+<DATE>30-MAR-1987 13:42:58.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2059&#31;reute
+d f BC-GOLDEN-POULTRY-&lt;CHIK>   03-30 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDEN POULTRY &lt;CHIK> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    ATLANTA, March 30 - </DATELINE><BODY>golden Poultry Co Inc said it has
+signed a letter of intent to purchase privately-held food
+distributor Don Lowe Foods Inc of Pompano Beach, Fla., for
+undisclosed terms, subject to approval by both boards.
+    It said Tampa operations of Lowe are not involved in the
+sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17023" NEWID="10962">
+<DATE>30-MAR-1987 13:43:03.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2060&#31;reute
+d f BC-WILLCOX-AND-GIBBS-&lt;WG   03-30 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLCOX AND GIBBS &lt;WG> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Willcox and Gibbs Inc said it has
+agreed to acquire Atlantia electric parts distributor B and W
+Electric Supply Co for an undisclosed amount of cash.
+    B and W had sales of about eight mln dlrs in its most
+recent year.
+    Willcox said it plans further expansion in the Atlanta area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17024" NEWID="10963">
+<DATE>30-MAR-1987 13:43:07.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2061&#31;reute
+d f BC-MISCHER-CORP-&lt;MSHR>-4   03-30 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MISCHER CORP &lt;MSHR> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 30 -
+    </DATELINE><BODY>Shr loss 67 cts vs profit 60 cts
+    Net loss 1,398,000 vs profit 1,250,000
+    Revs 8,834,000 vs 20.9 mln
+    Year
+    Shr loss 2.81 dlrs vs loss 15 cts
+    Net loss 5,864,000 vs loss 310,000
+    Revs 52.1 mln vs 82.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17025" NEWID="10964">
+<DATE>30-MAR-1987 13:43:12.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2062&#31;reute
+d f BC-WICHITA-INDUSTRIES-IN   03-30 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WICHITA INDUSTRIES INC &lt;WRO> 4TH QTR NET</TITLE>
+<DATELINE>    DENVER, March 30 -
+    </DATELINE><BODY>Shr profit 32 cts vs profit eight cts
+    Net profit 936,000 vs profit 249,000
+    Revs 348,000 vs 1,150,000
+    Year
+    Shr loss 2.15 dlrs vs loss 19 cts
+    Net loss 6,095,000 vs loss 469,000
+    Revs 1,554,000 vs 4,254,000
+    NOTE: Results include credits of 556,000 and 1,141,000 for
+the latest qtr and yr vs 112,000 and 656,000 for prior periods
+from tax loss carryforwards.
+    Results include after-tax gains of 567,000 for both 1986
+periods vs loss of 45,000 for prior periods on disposal of
+discontinued operations.
+    Prior periods restated to reflect sale of discontinued
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17026" NEWID="10965">
+<DATE>30-MAR-1987 13:43:26.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2064&#31;reute
+h f BC-YELLOW-FREIGHT-&lt;YELL>   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YELLOW FREIGHT &lt;YELL> FILES FOR RATE INCREASE</TITLE>
+<DATELINE>    OVERLAND PARK, KAN., March 30 - </DATELINE><BODY>Yellow Freight System Inc
+said it filed with the Interstate Commerce Commission a rate
+increase of 2.9 pct in Rocky Mountain territory,
+    It said the increase would offset labor and other cost
+increases and not make a contribution to operating margins.
+    The company said it took the independent action of filing
+for the rate increase following suspension by the commission of
+a general rate increase published by the Rocky Mountain Motor
+Tariff Bureau. It noted that at the same time the commission
+allowed similar increases published by the other regional rate
+bureaus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17027" NEWID="10966">
+<DATE>30-MAR-1987 13:43:38.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2066&#31;reute
+h f BC-INFODATA-SYSTEMS-INC   03-30 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INFODATA SYSTEMS INC &lt;INFD> 4TH QTR NET</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 30 - 
+    </DATELINE><BODY>Shr profit 20 cts vs loss 33 cts
+    Net profit 376,470 vs loss 1,555,469
+    Revs 3,615,550 vs 2,896,000
+    Year
+    Shr profit 14 cts vs loss 66 cts
+    Net profit 382,014 vs loss 1,128,160
+    Revs 11.2 mln vs 11.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17028" NEWID="10967">
+<DATE>30-MAR-1987 13:43:50.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f2067&#31;reute
+u f AM-MARINES-'*'*'*URGENT   03-30 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. REPLACING ALL MARINE SECURITY GUARDS IN MOSCOW</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The United States said it was
+replacing all 28 Marine security guards at its embassy in
+Moscow after two who were stationed there were arrested on
+spying charges.
+    Deputy State Department spokeswoman Phyllis Oakley said the
+Marines would be rotated back to the United States by the end
+of April to facilitate a three-pronged government investigation
+now underway.
+    She told reporters the move -- replacing an entire marine
+security guard contingent -- was unprecedented.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17029" NEWID="10968">
+<DATE>30-MAR-1987 13:44:09.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2068&#31;reute
+w f BC-SPORTS-NEWS,-CYBERNET   03-30 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPORTS NEWS, CYBERNETIC IN DEAL</TITLE>
+<DATELINE>    NORTH MIAMI BEACH, Fla, March 30 - </DATELINE><BODY>Sports News Network
+International Inc said it signed an exclusive agreement to
+distribute its electronic news service, Sportswatch, through
+Cybernetic Data Products.
+    The agreement calls for Sports News Network to provide its
+sports news service to more than 1,300 existing electronic
+board owned by Cybernetic Data Products and operated under the
+name, SilentRadio.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17030" NEWID="10969">
+<DATE>30-MAR-1987 13:44:59.93</DATE>
+<TOPICS><D>acq</D><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f2071&#31;reute
+r f BC-CITY-RESOURCES-&lt;CCIMF   03-30 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITY RESOURCES &lt;CCIMF> TO SELL PROPERTY STAKE</TITLE>
+<DATELINE>    VANCOUVER, March 30 - </DATELINE><BODY>City Resources Ltd said it has agreed
+in principle to sell a 50 pct interest in a group of mineral
+properties in the southwest Pacific to a buyer it did not name
+for 30 mln Canadian dlrs.
+    The company said a preliminary estimate of the geological
+resources of one of the properties to a depth of 200 meters
+indicates a potential of 1.2 mln ounces of gold, and by the
+middle of 1987 it expects to establish proven ore reserves
+containing at least 500,000 ounces of gold.  It said mining
+could start in 1988, subject to a satisfactory prefeasibility
+study.
+    The company said completion of the transaction is subject
+to regulatory and shareholder approvals.
+    City Resources is controlled by City Resources Ltd of
+Australia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17031" NEWID="10970">
+<DATE>30-MAR-1987 13:47:00.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2078&#31;reute
+d f BC-GENRAD-&lt;GEN>-OFFERS-S   03-30 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENRAD &lt;GEN> OFFERS SOFTWARE FOR TESTING</TITLE>
+<DATELINE>    CONCORD, Mass., March 30 - </DATELINE><BODY>GenRad Inc said it introduced a
+software product that allows for development of test programs
+for its 227X line of in-circuit/functional test systems on
+Digital Equipment Corp's &lt;DEC> VAX-based computers.
+    GenRad said the product, named ATG-32, provides for
+off-line development of test systems at four- to eight-times
+the speed of its current 227X test program.
+    It said ATG-32 is priced at 30,000 dlrs and is available
+immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17032" NEWID="10971">
+<DATE>30-MAR-1987 13:47:58.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2083&#31;reute
+d f BC-HUGHES-SUPPLY-&lt;HUG>-T   03-30 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES SUPPLY &lt;HUG> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    ORLANDO, Fla., March 30 - </DATELINE><BODY>Hughes Supply Inc said it has
+signed a letter of intent to acquire most of the assets of Tri
+State Supply Inc, a wholesale distributor of electrinical
+fixtures and supplies with sales for the year ending tomorrow
+of about 13 mln dlrs.
+    Terms were not disclosed.
+    It said clopsing is expected around April 30, subject to
+approval by Tri State's board and shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17033" NEWID="10972">
+<DATE>30-MAR-1987 13:48:02.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2084&#31;reute
+d f BC-JMB-REALTY-TRUST-&lt;JMB   03-30 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JMB REALTY TRUST &lt;JMBRS> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    CHICAGO, March 30 -
+    </DATELINE><BODY>Shr 31 cts vs 41 cts
+    Net 436,981 vs 583,715
+    Six months
+    Shr 63 cts vs 82 cts
+    Net 901,648 vs 1,160,178
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17034" NEWID="10973">
+<DATE>30-MAR-1987 13:48:24.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2086&#31;reute
+d f BC-REPUBLIC-PICTURES-COR   03-30 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC PICTURES CORP &lt;RPICA> 4TH QTR LOSS</TITLE>
+<DATELINE>    LOS ANGELES, March 30 -
+    </DATELINE><BODY>Oper shr loss two cts vs profit eight cts
+    Oper net loss 77,000 vs profit 285,000
+    Revs 3,781,000 vs 4,721,000
+    Year
+    Oper shr profit 23 cts vs profit 26 cts
+    Oper net profit 904,00 vs profit 952,000
+    Revs 19.0 mln vs 15.1 mln
+    Note: Current qtr and year figures exclude losses from
+discontinued operations of 303,000 dlrs, or seven cts per share
+and 354,000 dlrs, or nine cts per share, respectively.
+    Net earnings for first three months of 1986 restated to
+reflect reduction of 148,000 dlrs resulting from increase in
+effvective income tax rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17035" NEWID="10974">
+<DATE>30-MAR-1987 13:48:55.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2087&#31;reute
+d f BC-EQUIPMENT-CO-OF-AMERI   03-30 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUIPMENT CO OF AMERICA &lt;ECOA> 4TH QTR NET</TITLE>
+<DATELINE>    HIALEAH, Fla., March 30 -
+    </DATELINE><BODY>Oper shr seven cts vs four cts
+    Oper net 159,000 vs 94,000
+    Sales 4,528,000 vs 3,683,000
+    Avg shrs 2,376,000 vs 2,189,000
+    Year
+    Oper shr 19 cts vs 15 cts
+    Oper net 435,000 vs 339,000
+    Sales 15.7 mln vs 14.4 mln
+    NOTE: Net excludes tax credits of 17,000 dlrs vs 39,000
+dlrs in quarter and 268,000 dlrs vs 294,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17036" NEWID="10975">
+<DATE>30-MAR-1987 13:51:54.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2094&#31;reute
+u f BC-ASHLAND-OIL-&lt;ASH>-SEE   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASHLAND OIL &lt;ASH> SEEKS CHEMICAL ACQUISITIONS</TITLE>
+<DATELINE>    HOUSTON, March 30 - </DATELINE><BODY>Ashland Oil Inc is actively seeking a
+chemical acquisition and is willing to spend between 100 to 200
+mln dlrs, Chairman John Hall said.
+    "We're looking for privately held companies or units of
+other companies. We think it's too dificult to go (shopping) on
+the stock market where premiums are so high," Hall told
+Reuters. He was in Houston to address the annual meeting of the
+American Institute of Chemical Engineers.
+    "We're trying to grow in that area to cushion the oil price
+volatility," Hall said.
+    Hall said Ashland is seeking a chemical company acquisition
+which would complement its existing chemical businesses which
+manufacture adhesives, polyester resins and other products.
+    When asked if Ashland is considering divesting its
+money-losing oil exploration and production unit, he said "we
+do not have any spin-offs planned at this time."
+    Hall said the Ashland, Ky., based oil company would have
+strong margins on its chemical products throughout 1987, adding
+"right now we're struggling a bid" with the company's refining
+and marketing margins.
+    The Ashland chairman also said he hoped the U.S. government
+would consider some form of tax incentive to help develop
+costly synthetic fuels such as oil shales and coal
+liquification. "The lead time on that (kind of project) is so
+long, it's difficult for a private company or a company with
+shareholders to pay for reseach," he explained.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17037" NEWID="10976">
+<DATE>30-MAR-1987 13:56:26.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>usa</D></PLACES>
+<PEOPLE><D>chirac</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2104&#31;reute
+u f AM-CHIRAC-ECONOMY   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHIRAC URGES EXCHANGE RATE STABILITY PLAN</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>French Prime Minister Jacques Chirac
+called on leading Western nations to set up a mechanism which
+would put a stop to volatile foreign exchange rates.
+    In a speech prepared for delivery to businessmen and
+bankers in New York, Chirac said said monetary stablility was a
+key element in bringing the world financial system back to
+health.
+    "The industrialized states should agree to set up a monetary
+framework which would provide the necessary stability as well
+as sufficient flexibility to allow ajustments when needed,"
+Chirac said.
+    "This requires a monitoring and alert mechanism which would
+permit a timely and concerted reaction," he said.
+    The prime minister, on the first day of a three-day visit
+to the United States, said the February 22 Paris accords agreed
+by the "Group of Five" industrial nations should serve as a basis
+for the new mechanism.
+     Under the Paris accords, the United States, Britain,
+France, West Germany, and Japan agreed to stabilize exchange
+rates around existing parities. But, only five weeks after they
+were signed, they have failed to stop the dollar tumbling to
+record lows against the yen.
+    Chirac said the means to monitor exchange rate movements
+were readily available. "What is needed is the political will to
+use these more completely, in the spirit of the Paris
+accords... "
+    In other points of his speech, Chirac called on countries
+with high trade surpluses -- an apparent reference to Japan --
+to open up their markets and stimulate demand.
+    He warned the United States that protectionist measures as
+debated in the U.S. Congress would bring a tough  response from
+the 12-nation European Community.
+    "Europe is very sensitive to every rumour of protectionism.
+It will react with energy and solidarity because it does not
+want to ruin its chances of recovery."
+    The Reagan administration is seeking to tone down a tough
+trade bill which if passed would require the president to
+retaliate against countries deemed to discriminate against U.S.
+Goods.
+    Chirac also appealed for an effort from developed countries
+to help the Third World by reducing interest rates and
+stimulating commodity prices.
+    "No stock-pile mechanism can run counter to the underlying
+trend of the market. These agreements must be complemented by
+financial aid to the developing countries hardest hit by the
+decline."
+    Chirac said he hoped concrete steps could be reached on
+these issues at forthcoming international meetings -- the
+International Monetary Fund/World Bank session in Washington
+and the June summit of seven leading western nations in Venice.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17038" NEWID="10977">
+<DATE>30-MAR-1987 14:00:55.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2123&#31;reute
+r f BC-CERMETEK-&lt;CRMK>-INCRE   03-30 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CERMETEK &lt;CRMK> INCREASES WORK WEEK</TITLE>
+<DATELINE>    SUNNYVALE, Calif., March 30 - </DATELINE><BODY>Cermetek Microelectronics Inc
+said it will return to a full 40 hour work week, efective at
+the end of this month, as a result of increased business.
+    Last October Cermetek, a maker of modems, data base access
+and communications terminals, reduced its work week to 36 hours
+to reduce costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17039" NEWID="10978">
+<DATE>30-MAR-1987 14:01:09.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2124&#31;reute
+r f BC-OHIO-MATTRESS-&lt;OMT>-I   03-30 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OHIO MATTRESS &lt;OMT> IN ACQUISITION, SETTLEMENT</TITLE>
+<DATELINE>    CLEVELAND, March 30 - </DATELINE><BODY>Ohio Mattress Co said itr has
+executed a definitive agreement to acquire Sealy Mattress Co of
+Michigan Inc, the Detroit licensee of Ohio Mattress's 82 pct
+owned Sealy Inc subsidiary in a transaction that also involves
+a settlement between Sealy and Michigan Sealy.
+    The company said on completion of the acquisition, the
+Sealy stock owned by Michigan Sealy will be redeemed, raising
+Ohio Mattress' interest in Sealy to 93 pct.  Michigan Sealy has
+been in litigation against Sealy, alleging violations of
+antitrust laws, and Sealy was recently found liable for 45 mln
+dlrs in damages to Michigan Sealy.
+    Under the acquisition agreement, the company said Sealy
+will enter into a cash settlement of its litigation with
+Michigan Sealy.
+    The company said shareholders of Michigan Sealy will
+receive a total of 48.6 mln dlrs, subject to adjustment, from
+the acquisition and the settlement, both of which are subject
+to regulatory approvals.
+    Michigan Sealy had sales of about 12.5 mln dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17040" NEWID="10979">
+<DATE>30-MAR-1987 14:01:44.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2128&#31;reute
+d f BC-PROPOSED-OFFERINGS   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Wells Fargo and Co &lt;WFC> - Shelf offering of up to 250 mln
+dlrs of subordinated capital notes.
+    Chicago Pacific Corp &lt;CPAC> - Offering of 150 mln dlrs of
+convertible subordinated debentures due April 1, 2012, through
+an underwriting group led by Goldman, Sachs and Co.
+    Integrated Genetics Inc &lt;INGN> - Offering of two mln shares
+of convertible exchangeable preferred stock through Alex. Brown
+and Sons Inc and PaineWebber Inc.
+    Allegheny Ludlum Corp - Initial public offering of
+5,165,000 shares of common stock, including 765,000 by current
+holders, at an estimated 21 to 24 dlrs a share through Goldman,
+Sachs and Co.
+     Michael Foods Inc - Initial public offering of two mln
+shares of common stock at an estimated 13 to 15 dlrs a share
+through an underwriting group led by William Blair and Co.
+    Plenum Publishing Corp &lt;PLEN> - Offering of 50 mln dlrs of
+convertible subordinated debentures due April 15, 2007 through
+Bear, Stearns and Co Inc.
+    International Mobile Machines Corp &lt;IMMC> - Offering of one
+mln shars of cumulative convertible preferred stock through
+Drexel Burnham Lambert Inc and Butcher and Singer Inc.
+    Stage II Apparel Corp - Initial public offering of one mln
+shares of common stock at an estimated 10 to 12 dlrs a share.
+    AmVestors Financial Corp &lt;AVFC> - Offering of 2.5 mln
+shares of common stock through Smith Barney, Harris Upham and
+Co Inc and Morgan Keegan and Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17041" NEWID="10980">
+<DATE>30-MAR-1987 14:03:41.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2141&#31;reute
+r f BC-toromont-industries   03-30 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TOROMONT INDUSTRIES LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, March 30 -
+    </DATELINE><BODY>Oper shr 49 cts vs 47 cts
+    Oper net 1,475,000 vs 1,474,000
+    Revs 85.8 mln vs 90.6 mln
+    Note: Current shr and net exclude extraordinary loss of
+3,413,000 dlrs or 1.13 dlrs shares, versus extraordinary loss
+of 63,000 dlrs or two cts share in prior year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17042" NEWID="10981">
+<DATE>30-MAR-1987 14:04:27.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2145&#31;reute
+u f BC-TEXACO-&lt;TX>-SEEKS-PEN   03-30 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> SEEKS PENNZOIL &lt;PZL> CASE REHEARING</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., March 30 - </DATELINE><BODY>Texaco Inc said it has filed
+a motion with the Texas Court of Appeals in Houston seeking a
+rehearing of the court's decision to uphold most of Pennzoil
+Co's 11.12 billion dlr judgment against Texaco.
+    The company said its motion cites over 200 errors contained
+in the February 12 appeals court decision, adding its "brief
+simply 'rubberstamps' the original trial court judgment which
+the company has said 'riddled with errors'."
+    In support of its argument, Texaco's motion emphasized a
+recent case before the U.S. Court of Appeals for the Seventh
+Circuit in Chicago in Skycom Corp v. Telstar Corp as
+"unequivocal confirmation that the Texas Court's opinion is
+wrong," according to Gibson Gayle, a Texaco attorney with the
+Houston firm of Fulbright and Jaworski.
+    "The United States Court of Appeals in Chicago issued the
+ruling based on facts strikingly similar to the facts in the
+Texaco-Pennzoil litigation," he said.
+    "The question before the (federal appeals) court was
+whether an "agreement in principle' subject to execution of
+'formal documents' is a contract according to New York law.
+    "The answer by the court was a resounding 'No' -- precisely
+opposite the answer given by the Appellate Court in Texas,"
+Gayle said.
+    "The United States Court of appeals reached this decision
+for the identical reasons that Texas and the Attorney General
+of New York have cited in their briefs before the Texas
+appellate court," he pointed out.
+    "Texaco has consistently maintained that Pennzoil did not
+have a binding contract to Buy Getty Oil shares, since a press
+release announced only an 'agreement in principle' which was
+'subject to the execution of a definitive merger agreement',"
+according to Gayle.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17043" NEWID="10982">
+<DATE>30-MAR-1987 14:07:36.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2153&#31;reute
+r f BC-sabena-begins-brussel   03-30 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SABENA BEGINS BRUSSELS-TORONTO SERVICE</TITLE>
+<DATELINE>    Toronto, March 30 - </DATELINE><BODY>Sabena Belgian World Airlines said it
+began today three-times-weekly service between Brussels and
+Toronto.
+    Sabena said it will fly combined passenger-freight flights
+non-stop into Toronto on Mondays and Thursdays. Sunday flights
+will stop in Montreal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17044" NEWID="10983">
+<DATE>30-MAR-1987 14:07:41.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2154&#31;reute
+r f BC-AMERON-INC-&lt;AMN>-1ST   03-30 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERON INC &lt;AMN> 1ST QTR FEB 28 LOSS</TITLE>
+<DATELINE>    MONTEREY PARK, Calif., March 30 -
+    </DATELINE><BODY>Shr loss 11 cts vs profit six cts
+    Net loss 515,000 vs profit 294,000
+    Sales 62.8 mln vs 65.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17045" NEWID="10984">
+<DATE>30-MAR-1987 14:07:48.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2155&#31;reute
+r f BC-&lt;TEXSCAN-CORP>-IN-AGR   03-30 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TEXSCAN CORP> IN AGREEMENT WITH LENDERS</TITLE>
+<DATELINE>    PHOENIX, March 30 - </DATELINE><BODY>Texscan Corp said it has reached
+agreement in principle with bank lenders United Bancorp of
+Arizona &lt;UBAZ> and Security Pacific Corp &lt;SPC> on a plan of
+reorganization from Chapter 11 bankruptcy.
+    It said a plan is expected to be filed within 10 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17046" NEWID="10985">
+<DATE>30-MAR-1987 14:07:58.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2156&#31;reute
+d f BC-YORK-INTERNATIONAL-&lt;Y   03-30 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YORK INTERNATIONAL &lt;YRK> TO MAKE ACQUISITIONS</TITLE>
+<DATELINE>    YORK, Pa., March 30 - </DATELINE><BODY>York International Corp said it has
+agreed to acquire Frick Co and Frigid Coil/Frick Inc for
+undisclosed terms.
+    The company said Frick makes refrigeration equipment and
+compressors and Frigid Coil also makes refrigeration equipment.
+ Together the two had revenues of about 50 mln dlrs in 1986.
+    The company said it hopes to complete the acquisition in
+May, subject to its review of Frick and Frigid and regulatory
+approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17047" NEWID="10986">
+<DATE>30-MAR-1987 14:08:05.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2157&#31;reute
+d f BC-SAN/BAR-&lt;SBAR>-APPOIN   03-30 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAN/BAR &lt;SBAR> APPOINTS NEW PRESIDENT</TITLE>
+<DATELINE>    IRVINE, Calif., March 30 - </DATELINE><BODY>San/Bar Corp said it appointed
+Charles von Urff as president, chief operating officer and a
+director of the company to succeed Robert Johnson, who retired
+last year.
+    Prior to joining San/Bar von Urff had been president and
+chief executive of Microelectric Packaging Inc, the company
+also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17048" NEWID="10987">
+<DATE>30-MAR-1987 14:08:13.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2158&#31;reute
+d f BC-CARTER-DAY-SELLS-ASSE   03-30 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARTER-DAY SELLS ASSETS OF UNIT</TITLE>
+<DATELINE>    CHARLESTON, S.C., March 30 - </DATELINE><BODY>&lt;Carter-Day Industries Inc>
+said its Hart-Carter Co subsidizary has sold substantially all
+of its assets used in the production and sale of farm
+machinery for 500,000 dlrs below book value in cash and notes.
+    It said substantially all of the proceeds from the
+transaction are committed to application against advances from
+secured lenders, accounts payable and accrued liabilities.
+    The company said for the nine months ended December 31, the
+operations being sold had revenues of 8,105,000 dlrs and lost
+146,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17049" NEWID="10988">
+<DATE>30-MAR-1987 14:08:22.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2159&#31;reute
+d f BC-NUCLEAR-SUPPORT-&lt;NSSI   03-30 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUCLEAR SUPPORT &lt;NSSI> TO BUY ITT &lt;ITT> HENZE</TITLE>
+<DATELINE>    CAMPBELLTOWN, Pa., March 30 - </DATELINE><BODY>Nuclear Support Services Inc
+said it agreed in principle to buy the business and assets of
+ITT Henze Service from ITT Corp for an undisclosed amount.
+    Henze, which is engaged in performing nuclear plant repair
+work, had revenues of 12.7 mln dlrs for the year ended December
+31, 1986.
+    For 1986, Nuclear Support, a supplier of support personnel
+and services to the nuclear power industry, had net income of
+2.4 mln dlrs on sales of 30.6 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17050" NEWID="10989">
+<DATE>30-MAR-1987 14:08:27.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2160&#31;reute
+h f BC-COLONIAL-BANCGROUP-&lt;C   03-30 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLONIAL BANCGROUP &lt;CLBGA> BUYS FARMERS</TITLE>
+<DATELINE>    MONTGOMERY, Ala., March 30 - </DATELINE><BODY>Colonial BancGroup said it
+acquired Farmers and Merchants Bank, a Baldwin County bank with
+assets of 103 mln dlrs, through an exchange of stock valued at
+about 12 mln dlrs.
+    Colonial said it also signed letters of intent to acquire
+First Federal Bank in Opelika, Athens-Limestone Bank in Athens,
+Jackson County Bank in Scottsboro and Commercial National Bank
+in Demopolis, with aggregate assets totaling 130 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17051" NEWID="10990">
+<DATE>30-MAR-1987 14:10:21.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2164&#31;reute
+r f BC-galactic-revises   03-30 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GALACTIC &lt;GALCF> REVISES SUMMITVILLE ROYALTIES</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 30 - </DATELINE><BODY>Galactic Resources
+Ltd said it signed a five-year revision agreement to reschedule
+the net smelter royalty payments of the Summitville project
+mining lease, reducing production costs by 17 U.S. dlrs an
+ounce at gold prices of 425 U.S. dlrs an ounce.
+    For gold prices less than 475 dlrs an ounce the revised
+royalty schedule falls to one pct from five pct, and rises to
+seven pct from five pct for prices above 750 dlrs an ounce.
+    The royalty cost cut combined with Galactic's previously
+announced conservative accounting change will lower charges
+against earnings by about 69 dlrs per ounce of gold produced.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17052" NEWID="10991">
+<DATE>30-MAR-1987 14:12:32.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2169&#31;reute
+r f BC-CUMMIN-NAMED-CHAIRMAN   03-30 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUMMIN NAMED CHAIRMAN OF PHLCORP &lt;PHX></TITLE>
+<DATELINE>    PHILADELPHIA, March 30 - </DATELINE><BODY>PHLCorp said its shareholders
+elected Ian M. Cumming as chairman, succeeding Victor H.
+Palmieri, and Joseph S. Steinberg as president, succeeding
+Peter A. Martosella.
+    PHLCorp, formerly Baldwin-United Corp, said Cumming and
+Steinberg were also elected to the board of directors, as were
+James N. Kimball and Michael T. Lynch.
+    Cumming is chairman of &lt;Lucadia National Corp>, which
+bought a 39 pct stake of Baldwin-United during the bankruptcy
+reorganization that led to the formation of PHLCorp. Steinberg
+is president of Lucadia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17053" NEWID="10992">
+<DATE>30-MAR-1987 14:12:42.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2170&#31;reute
+d f BC-ROCHESTER-TELEPHONE-&lt;   03-30 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCHESTER TELEPHONE &lt;RTC> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    ROCHESTER, N.Y., March 30 - </DATELINE><BODY>Rochester Telephone Corp said
+it completed its acquisition of the Enterprise Telephone Co,
+based in New Holland, Pa., in exchange for stock valued at 26.3
+mln dlrs.
+    Enterprises serves about 16,000 access lines in Lancaster
+County. Enterprise becomes the third operating telephone
+subsidiary of Rochester Telephone in Pennsylvania and its sixth
+largest overall, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17054" NEWID="10993">
+<DATE>30-MAR-1987 14:13:00.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2172&#31;reute
+d f BC-PRUDENTIAL-BORROWS-FR   03-30 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRUDENTIAL BORROWS FROM MINORITY BANKS</TITLE>
+<DATELINE>    NEWARK, N.J., March 30 - </DATELINE><BODY>&lt;Prudential Insurance Co of
+America> said it has obtained a 35 mln dlr line of credit from
+a group of minority-owned banks led by Freedom National Bank of
+New York.
+    It said funds will be used for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17055" NEWID="10994">
+<DATE>30-MAR-1987 14:14:43.63</DATE>
+<TOPICS><D>acq</D><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2173&#31;reute
+d f BC-CITY-RESOURCES-TO-SEL   03-30 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITY RESOURCES TO SELL GOLD PROPERTY STAKE</TITLE>
+<DATELINE>    VANCOUVER, March 30 - </DATELINE><BODY>City Resources Ltd said it has agreed
+in principle to sell a 50 pct interest in a group of mineral
+properties in the southwest Pacific to a buyer it did not name
+for 30 mln Canadian dlrs.
+    The company said a preliminary estimate of the geological
+resources of one of the properties to a depth of 200 meters
+indicates a potential of 1.2 mln ounces of gold, and by the
+middle of 1987 it expects to establish proven ore reserves
+containing at least 500,000 ounces of gold. Mining could start
+in 1988, subject to a satisfactory feasibility study.
+    The company said completion of the transaction is subject
+to regulatory and shareholder approvals.
+    City Resources is controlled by City Resources Ltd of
+Australia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17056" NEWID="10995">
+<DATE>30-MAR-1987 14:14:52.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2174&#31;reute
+u f AM-UMOA   03-30 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST AFRICAN CENTRAL BANK SEEKS JOINING IMF TALKS</TITLE>
+<DATELINE>    ABIDJAN, March 30 - </DATELINE><BODY>The Governor of the Central Bank of
+West African CFA franc zone countries (UMOA) today urged that
+the bank should be involved in all negotiations with the
+International Monetary Fund but said the zone's seven member
+countries were not thinking of ditching the fund.
+    Abdoulaye Fadiga told reporters after a regular one-day
+meeting of UMOA finance ministers here that the bank's
+participation in future credit talks with the IMF would promote
+a greater coherence in Fund aid granted to the region.
+    But he stresed that UMOA, which last month called for a new
+relationship with the IMF, was not contemplating a break with
+the fund.
+    "Member states (of UMOA) never envisaged breaking with the
+Fund," he said.
+    He said an extraordinary UMOA meeting held in Ivory Coast's
+inland capital, Yamoussoukro, last month, stresssed the need
+for growth-oriented IMF adjustment policies.
+    "Borrowing to pay off debts cannot be a solution," Fadiga
+added.
+    UMOA members are Benin, Burkina Faso, Ivory Coast, Mali,
+Niger, Senegal and Togo. The zone's common-curreny, the CFA
+franc, is pegged to the French franc at the rate of 50 CFA
+francs to one French franc.
+    Fadiga said many of the region's problems stem from low
+commodity prices and a weak dollar.
+    He applauded last week's agreement between producers and
+consumers on the functioning of a new international cocoa pact,
+saying negotiation of other commodity accords would benefit
+UMOA countries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17057" NEWID="10996">
+<DATE>30-MAR-1987 14:16:32.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2177&#31;reute
+u f BC-TALKING-POINT/WALL-ST   03-30 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/WALL STREET STOCKS</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Investors who have been riding the
+bull market in U.S. stocks got a stinging reminder today of how
+unexpected news can trigger sharp reversals.
+    "The market was ripe for some type of pullback," said Frank
+Korth, analyst at Shearson Lehman Brothers. He said over the
+weekend, investors pondered President Reagan's decision to
+impose tariffs on Japanese electronic goods and some concluded
+the step could signal the beginning of a trade war.
+    The Dow Jones Industrial Average plunged 79 points in 30
+minutes before stabilizing and making a partial recovery.
+    Korth believes there has been an over-reaction and
+near-term traders might want to step in and buy one-half or
+one-quarter of new investments they have been considering.
+    "We're still in a bull market," said William Raftery of
+Smith Barney, Harris Upham and Co. He thinks history has shown
+such sharp pullbacks are a natural part of bull markets. "The
+bear usually strikes slowly," he said.
+    Raftery noted that blue chips have been forefront of the
+rally that took the market to record highs last week. In
+today's decline, he said, the big name stocks were coming more
+into a more normal alignment with the general market.
+    Charles Comer of Moseley Securities Corp said ultimately
+the pullback could prove to be a pre-shock to the long awaited
+correction. But for now he believes the bull market remains
+intact. However, it could take several weeks for the market to
+complete a "distribution process" and along the way there will
+be rallies.
+    Comer thinks it is premature to conclude that today's
+action signaled formation of a market top. He thinks the market
+can hold in the low to mid 2200 area on the Dow index.
+    "This probably is the correction that has been expected,"
+said Crandall Hays of Robert W. Baird Co.
+    Hays noted that market breadth began to deteriorate last
+week. He said this morning investors saw the dollar down
+further, interest rates up and gold up. "The trade problem got
+people spooked and and all the bad things were happening at
+once," he said.
+    "This correction could take us down 150 points and we're
+half-way there now," he said early today.
+    He thinks the downward move in stock prices could be over
+in a couple of weeks. Business conditions seem to be getting
+better according to what he hears from a broad cross-section of
+companies, from retailers to machinery manufacturers.
+    "The market was high and people were looking for a
+correction, so this was an excuse for the market to go down,"
+said Alan Ackerman of Gruntal and Co.
+    He believes investors will be in a mood of extreme caution
+or slightly negative for the near term.
+    Ackerman thinks the U.S. is attempting to "fire a shot
+across Japan's bow and let them know we're serious about having
+closer trade ties." But nevertheless investors have been
+rattled by "a perception that a full scale trade war is
+possible." Ultimately, unless there is an accord, the effects
+could be higher interest rates and unemployment, he said.
+    "I anticipate a further correction later this week," said
+Harry Laubscher of Tucker Anthony, R.L. Day. He thinks the
+pullback was "the start of an overdue correction of between six
+and 10 pct from the market highs."
+    Although investors now have new reason to worry about
+higher interests rate and a return of inflation, Laubscher
+says, "it is not the end of the bull market."
+    "The market was looking for a reason to knock itself down a
+little bit, and with the trade sanctions coming largely as a
+surprise, this was the think the market attached itself to,"
+said Gary Ciminero of Fleet Financial Group.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17058" NEWID="10997">
+<DATE>30-MAR-1987 14:17:46.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2183&#31;reute
+d f BC-MAYFAIR-&lt;MAYF>-IN-HER   03-30 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAYFAIR &lt;MAYF> IN HERSHEY &lt;HSY> LICENSE DEAL</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Mayfair Industries Inc said it has
+entered into a licensing agreement under which it will use
+logos of Hershey Foods Inc candy products on a variety of
+garments, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17059" NEWID="10998">
+<DATE>30-MAR-1987 14:17:53.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2184&#31;reute
+d f BC-HOME-SHOPPING-&lt;HSN>-T   03-30 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SHOPPING &lt;HSN> TO PURCHASE TV STATION</TITLE>
+<DATELINE>    CLEARWATER, Fla, March 30 - </DATELINE><BODY>Home Shopping NEtwork Inc said
+its Silver King Broadcasting Co INc unit entered a definitive
+contract to buy the broadcasting assets of TV station KWVT,
+Channel 22 in the Portland/Salem, Ore. area for undisclosed
+terms.
+    Additionally, the company said KWVT, which serves 785,000
+homes, began broadcasting Home Shopping Network full time this
+morning under an affiliation agreement.
+    Home Shopping also said it entered a definitive contract to
+buy TV Station KPST, Channel 66 in San Francisco and KLTJ,
+Channel 49 in Dallas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17060" NEWID="10999">
+<DATE>30-MAR-1987 14:18:08.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2186&#31;reute
+r f BC-COVINGTON-TECHNOLOGIE   03-30 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COVINGTON TECHNOLOGIES INC &lt;COVT> YEAR NET</TITLE>
+<DATELINE>    FULLERTON, Calif., March 30 -
+    </DATELINE><BODY>Oper shr profit eight cts vs loss 20 cts
+    Oper net profit 1,115,000 vs loss 2,729,000
+    Revs 83.0 mln vs 37.9 mln
+    Note: Current year figures exclude operating loss
+carryforward gain of 888,000 dlrs and loss from discontinued
+operations of 73,000 dlrs.
+    Prior year figures exclude loss from discontinued
+operations of 3.9 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17061" NEWID="11000">
+<DATE>30-MAR-1987 14:19:43.96</DATE>
+<TOPICS><D>money-fx</D><D>stg</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2187&#31;reute
+r f BC-PARIS-MEET-AGREED-NOT   03-30 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIS MEET AGREED NOT TO PUBLISH BANDS - LAWSON</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson said the meeting of six major industrial nations in
+Paris last month agreed not to publish any bands in connection
+with their pact to stabilise currencies.
+    Questioned by a parliamentary select committee about why
+the participating countries had not announced any bands, Lawson
+replied, "we all agreed it would be much more sensible not to."
+When asked whether that meant an informal joint currency float
+with set ranges was arranged in Paris, Lawson said "I do not
+want to reveal the precise nature of the agreement, so as not
+to make it easy for" speculation against the accord.
+    Lawson said the Paris accord presumed that individual
+countries would take corrective action if their currency began
+reacting significantly to domestic macroeconomic factors.
+    But if such movements were due to extraneous factors,
+Lawson said the other pact countries would come to its aid
+through concerted intervention on the foreign exchanges.
+    "It is clear that both Germany and Japan are having
+difficulty adjusting to their very large exchange rate
+appreciations and making their economies more domestically
+oriented, just as it is taking time for the United States to
+make its own economy more export oriented," Lawson said.
+    In his oral evidence to Parliament's Select Treasury
+Committee, Lawson repeated that he was happy with the pound's
+current level, adding that "It is an objective ... To try to
+keep it around that level."
+    He said the perception of sterling on foreign exchanges had
+changed since the steep drop in oil prices, largely because the
+pound had weathered that period so successfully. "There has been
+a reassessment of sterling's fundamentals," Lawson said.  He
+disagreed with what he termed "the grossly exaggerated claim"
+that real U.K. Interest rates were much higher than those of
+other major industrialsed countries.
+    Using as a reference the key three-month sterling interbank
+rate as quoted in London, Lawson said Britain now had a real
+interest rate level of 5.75 pct - the same as Japan did and
+only a 0.75 percentaage point above the Group of Five average.
+    Lawson confirmed that "over the medium and longer term, the
+government's objective is zero inflation."
+    He said the government's intention of its PSBR constant at
+1.0 pct of GDP "is the modern equivalent of the balanced budget
+doctrine."  He added that "to allow the debt/GDP ratio to remain
+constant on anything other than zero inflation basis is simply
+a recipe for accelerating inflation."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-011.sgm b/textClassication/reuters21578/reut2-011.sgm
new file mode 100644
index 0000000..78f719f
--- /dev/null
+++ b/textClassication/reuters21578/reut2-011.sgm
@@ -0,0 +1,32387 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17062" NEWID="11001">
+<DATE>30-MAR-1987 14:22:36.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2192&#31;reute
+u f BC-FIDATA-&lt;FID>-ANNOUNCE   03-30 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIDATA &lt;FID> ANNOUNCES PRELIMINARY ESM SETTLEMENT</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Fidata Corp &lt;FID> and its subsidiary,
+Fidata Trust Company New York &lt;FTCNY>, announced that they have
+reached a preliminary settlement agreement in principle in the
+lawsuits filed by major parties arising out of the E.S.M.
+Government Securities, Inc bankruptcy.
+    Fidata Corp said that it anticipates that the cost of the
+proposed settlement, after anticipated recoveries, will be less
+than 4 mln dlrs, and possibly significantly less.
+    The major terms of the settlement agreement, applicable to
+Fidata and FTCNY, provide for the release by Fidata of its
+claims to 1.125 mln dlrs held by the ESM estate, and the
+further payment of 8.425 mln dlrs for distribution to the
+public body plaintiffs and Home State Savings Bank.
+    Fidata said it expects to recover along with its subsidiary
+at least half of the sums to be paid under the terms of the
+agreement, and potentially amounts substantially in excess of
+that.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17063" NEWID="11002">
+<DATE>30-MAR-1987 14:23:25.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2194&#31;reute
+w f BC-LOUISVILLE-GAS&lt;LOU>-T   03-30 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUISVILLE GAS&lt;LOU> TO ASK PROTECTIVE MEASURES</TITLE>
+<DATELINE>    LOUISVILLE, KY., March 30 - </DATELINE><BODY>Louisville Gas and Electric Co
+said it will ask stockholders at its May 12 annual meeting to
+approve several anti-takeover proposals.
+    It said the measures include staggered terms for directors
+and a fair price provision that would require a potential
+purchaser to make the same offer to all stockholders.
+    Louisville Gas said the amendments are not in response to
+any specific effort to obtain control of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17064" NEWID="11003">
+<DATE>30-MAR-1987 14:23:31.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2195&#31;reute
+h f BC-TRACOR-&lt;TRR>-UNIT-WIN   03-30 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRACOR &lt;TRR> UNIT WINS NAVY CONTRACT</TITLE>
+<DATELINE>    AUSTIN, March 30 - </DATELINE><BODY>Tracor Inc said its Tracor Applied
+Sciences unit was awarded a 1.9 mln dlr contract by the U.S.
+Navy's Naval Underwater Systems Center.
+    Under the contract, Tracor said the unit will provide
+analytical, experimental, engineering and technical services to
+the Navy's Surface Ships Antisubmarine Warefare Development
+Program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17065" NEWID="11004">
+<DATE>30-MAR-1987 14:23:38.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2196&#31;reute
+r f BC-CAMPBELL-SOUP-&lt;CPB>-T   03-30 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMPBELL SOUP &lt;CPB> TO SELL PLANT IN DELAWARE</TITLE>
+<DATELINE>    CAMDEN, N.J., March 30 - </DATELINE><BODY>Campbell Soup co said it will sell
+its W.L. Wheatley ingredients plant in Clayton, Del., as a
+going operation.
+    It said it will continue to operate the plant until a buyer
+is found.  The sale is aimed at improving Campbell's return on
+assets, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17066" NEWID="11005">
+<DATE>30-MAR-1987 14:28:03.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2207&#31;reute
+h f BC-VIDEO-DISPLAY-&lt;VIDE>   03-30 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIDEO DISPLAY &lt;VIDE> IN INDIAN JOINT VENTURE</TITLE>
+<DATELINE>    STONE MOUNTAIN, Ga., March 30 - </DATELINE><BODY>Video Display Corp said it
+signed agreements with &lt;Glowtronics &lt;Ltd> to jointly build a
+manufacturing plant in the state of Karnatake, India.
+    Video Display said the plant, in which it will own a 40 pct
+equity interest, will make cathodes, filament heatrers and
+electron gun assembles for television sets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17067" NEWID="11006">
+<DATE>30-MAR-1987 14:28:16.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2208&#31;reute
+f f BC-TAFT   03-30 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BASS GROUP SAYS IT HAS HAD TALKS ON SEEKING CONTROL OF TAFT BROADCASTING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17068" NEWID="11007">
+<DATE>30-MAR-1987 14:29:14.28</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2209&#31;reute
+u f BC-REFINE-   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWER REFINERY OPERATIONS SEEN PRODUCING PROFITS</TITLE>
+<AUTHOR>    By BERNICE NAPACH, Reuters</AUTHOR>
+<DATELINE>    SAN ANTONIO, TEXAS, March 30 - </DATELINE><BODY>U.S. refiners will have to
+reduce operations if they want to be profitable this year, said
+industry officials attending the National Petroleum Refiners
+Association meeting here.
+     "If the refining sector can discipline itself to refine
+about 12 mln barrels of crude oil a day, we have a chance to
+pull down inventories to acceptable levels by the second
+quarter, said Archie Dunham, executive vice president of
+petroluem products at Conoco Inc
+    "If not, the industry will have a tough 1987," he added.
+     Last week's American Petroleum Institute report said that
+U.S. refining capacity rose three pct to 78.7 pct of capacity,
+with crude oil runs at 12.2 mln barrels per day for the week
+ended March 20.
+     The API said that with the higher crude oil runs, 
+distillate and gasoline inventories were sharply above year-ago
+levels. Gasoline stocks were at 245.6 mln barrels, some 17.2
+mln barrels above year-ago levels. Distillate stocks, at 108.7
+mln barrels, are 10.9 mln barrels above last year's level, the
+API said.
+     Henry Rosenberg, chairman of Crown Central Petroleum Corp
+&lt;CNP> told Reuters that unless refining and marketing return to
+profitability, oil companies will have to rely on downstream
+operations to produce an acceptable level of earnings.
+     "The jump in refining capacity is a concern if it
+continues," said Kenneth Buckler, executive vice president of
+refining and marketing at &lt;Total Petroleum Co>, a U.S.
+subsidiary of Cie Francaise Des Petroles of France.
+     Refineries should operate near 75 pct of capacity given
+the current level of demand but the operating level should
+increase as gasoline demand picks up in the next quarter,
+Buckler said.
+     Dunham said the potential operable capacity of U.S.
+refineries should also be cut about 500,000 barrels of crude
+per day. "I expect to see the shutdown of more small refineries
+over the next five years," he said, adding that these
+facilities refine between 10,000 and 30,000 barrels of crude
+oil per day. The API said U.S. operations have the capacity to
+refine 15.6 mln bpd of crude.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17069" NEWID="11008">
+<DATE>30-MAR-1987 14:29:24.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2210&#31;reute
+r f BC-NYNEX   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYNEX &lt;NYN> UNIT FILES 500 MLN DLR DEBT OFFERING</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>New York Telephone Co, a subsidiary
+of NYNEX Corp, filed with the Securities and Exchange
+Commission for a shelf offering of up to 500 mln dlrs of debt
+securities on terms to be determined at the time of the sale.
+    Proceeds from the offering, which is in addition to 50 mln
+dlrs of debt securities already registered with the SEC but
+unsold, will be used to refinance outstanding long-term debt,
+to repay short-term debt and for other general corporate
+purposes, the company said.
+    The company did not name an underwriter for the sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17070" NEWID="11009">
+<DATE>30-MAR-1987 14:29:34.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2212&#31;reute
+d f BC-HALIFAX-ENGINEERING-&lt;   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HALIFAX ENGINEERING &lt;HX> GETS CONTRACTS</TITLE>
+<DATELINE>    ALEXANDRIA, Va., March 30 - </DATELINE><BODY>Halifax Engineering Inc said it
+has received a fixed-price contract woirth 6,700,000 dlrs for
+one year, plus two option years, to provide security services
+for the U.S. Embassy in Tegucigalpa.
+    The company said it has also received a three-year U.S.
+Army contract, including two option years, for
+telecommunications installation support.  The contract is worth
+a total of 7,500,000 dlrs, it said.
+    Halifax said its backlog as of tomorrow, the end of its
+fiscal year, will be about 53 mln dlrs, up from 27 mln dlrs a
+year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17071" NEWID="11010">
+<DATE>30-MAR-1987 14:29:58.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2213&#31;reute
+d f BC-&lt;ELECTROLUX-AB>-UNIT   03-30 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ELECTROLUX AB> UNIT TO BUILD WAREHOUSE</TITLE>
+<DATELINE>    ASHEVILLE, N.C., March 30 - </DATELINE><BODY>The North Carolina Department
+of Commerce said Electrolux AB of Sweden's White Consolidated
+Industries subsidiary will locate a new 15 mln dlr 352,000
+square foot national appliance parts distribution center at
+Asheville, N.C.
+    It said the center will handle parts for Frigidaire,
+Tappan, Kelvinator, Gibson, Vesta and White-Westinghouse
+product lines.  Each now has a separate distribution center.
+    The department said construction will start immediately and
+should be finished in late 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17072" NEWID="11011">
+<DATE>30-MAR-1987 14:30:15.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2215&#31;reute
+u f BC-SALOMON-SA-EURO-CP/CR   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON SA EURO-CP/CREDIT TERMS DETAILED</TITLE>
+<DATELINE>    LONDON, March 30 - </DATELINE><BODY>A seven-year credit facility for Salomon
+SA, the French ski bindings and boots maker, will have a
+facility fee of 7.5 basis point, banking sources said.
+    The financing involves a 75 mln dlr euro-commercial paper
+program which will be supported by a 75 mln dlr committed
+syndicated revolving credit. Morgan Guaranty Ltd is the
+arranger.
+    Drawings on the revolving credit will be at a margin of 10
+basis points over the London Interbank Offered Rate (LIBOR).
+Banks are being invited to join at 7.5 mln dlrs for 10 basis
+points and at five mln dlrs for eight basis points.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17073" NEWID="11012">
+<DATE>30-MAR-1987 14:32:12.01</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2221&#31;reute
+f f BC-export-inspections   03-30 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 17,683 WHEAT 20,717 CORN 36,581
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17074" NEWID="11013">
+<DATE>30-MAR-1987 14:32:29.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D><D>nyce</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2222&#31;reute
+u f BC-REGULATORS-TO-CONSIDE   03-30 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGULATORS TO CONSIDER CBT EVENING SESSION</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The Commodity Futures Trading
+Commission, CFTC, said that on April 15 it will consider the
+Chicago Board of Trade's proposal to establish night trading.
+    The Chicago exchange hopes to begin night trading at the
+end of the month. The proposed trading session -- which would
+be the first in the United States -- would extend from 1700 to
+2100 local time (2300 to 0300 GMT).
+    CFTC also said that on April 22 it will consider the
+Philadelphia Board of Trade's application to trade futures on
+the Australian dollar and the New York Cotton Exchange's
+application to trade the five-year U.S. Treasury Index.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17075" NEWID="11014">
+<DATE>30-MAR-1987 14:35:33.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2239&#31;reute
+r f BC-SONY-INCREASING-PRODU   03-30 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONY INCREASING PRODUCTION ABROAD</TITLE>
+<DATELINE>    BONN, March 30 - </DATELINE><BODY>Sony Corp &lt;SNE.T> will increase production
+abroad to overcome falling profits caused by the yen's rise
+against the dollar, managing board chairman Akio Morita told
+the West German newspaper Die Welt.
+    He was quoted as saying that Sony, whose latest profit
+figures had been affected strongly by dollar fluctuations,
+would increase production in the U.S. And Europe.
+    Several production facilities were being built, he added.
+"At the same time we are also investing capital in order to
+modernise our locations and raise our productivity."
+    Morita said that to overcome the same currency problems,
+Japan needs to restructure its economy in order to live less
+from exports and more from domestic demand.
+    He said U.S. And European companies had made the mistake of
+not investing enough in the future, which was why they had lost
+their lead in consumer electronics.
+    "They may spend a lot of money on research and development,"
+he said. "But planning and marketing are very important sectors
+in developing a marketable product."
+    "If they don't spend money on these, they can't build up new
+business lines."
+    Speaking of difficulties foreign firms experience in
+penetrating the Japanese market, Morita said "Naturally, I have
+to admit that there are still many obstacles in Japan."
+    On the other hand, many foreign firms were too interested
+in short-term success, he said.
+    "If, therefore, a company comes to Japan and wants to make a
+profit at once on this market, it is not so simple."
+    "These people then complain, while the successful firms keep
+their mouths shut," Morita said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17076" NEWID="11015">
+<DATE>30-MAR-1987 14:36:52.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2244&#31;reute
+u f BC-NEWMONT-MINING-&lt;NEM>   03-30 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWMONT MINING &lt;NEM> PLANS 2-FOR-1 STOCK SPLIT</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Newmont Mining Corp's board has
+proposed a two-for-one stock split subject to shareholder
+approval of an increase to 120 mln from 60 mln in authorized
+common shares, the proxy for the company's annual meeting said.
+    If holdings voting at the May six meeting in Wilmington,
+Del., approve the increase in authorized shares the split will
+be paid in the form of a stock dividend on June 10 to holders
+of record May 20, the proxy said.
+    Newmont said it will also ask shareholders to approve
+amendments to its certificate of incorporation limiting certain
+liabilities of its directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17077" NEWID="11016">
+<DATE>30-MAR-1987 14:38:10.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2254&#31;reute
+u f BC-MEXICO-FUND-&lt;MFX>-TO   03-30 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO FUND &lt;MFX> TO BUY BACK TWO MLN SHARES</TITLE>
+<DATELINE>    MEXICO CITY, March 30 - </DATELINE><BODY>The Mexico Fund Inc said its board
+authorized an offer to purchase two mln shares, or about 10.2
+pct, of its common stock at 6.75 dlrs a share cash.
+    The fund, at a special board meeting, said the offer is not
+conditioned on any minimum number of shares being tendered.
+    The fund has issued and outstanding 19,513,200 shares of
+common stock, it said. As of March 26, 1987, the fund said the
+net asset value of its shares was 8.13 dlrs.
+    The fund said it intends to commence the offer by a mailing
+to its shareholders as soon as possible.
+    It said it purchased shares of its stock in open market
+transactions prior to the proposed cash tender and intends to
+purchase additional shares at prevailing market prices after
+completion of the offer.
+    The fund's last price per share on the New York Stock
+Exchange at the halt was 5-3/4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17078" NEWID="11017">
+<DATE>30-MAR-1987 14:42:08.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2265&#31;reute
+d f BC-QUARTZ-ENGINEERING-&lt;Q   03-30 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUARTZ ENGINEERING &lt;QRTZ> GETS SIEMENS ORDER</TITLE>
+<DATELINE>    TEMPE, Ariz., March 30 - </DATELINE><BODY>Quartz Engineering and Materials
+Inc said it has received a 500,000 dlr order from &lt;Siemens AG>
+of West Germany for its ATMOSCAN automated environmentally
+controlled semiconductor wafer processing system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17079" NEWID="11018">
+<DATE>30-MAR-1987 14:43:54.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2273&#31;reute
+d f BC-DENPAC-CORP-&lt;DNPC>-YE   03-30 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENPAC CORP &lt;DNPC> YEAR LOSS</TITLE>
+<DATELINE>    HACKENSACK, N.J., March 30 -
+    </DATELINE><BODY>Shr loss one ct vs loss one ct
+    Net loss 483,518 vs loss 220,582
+    Sales 381,841 vs 400,518
+    NOTE: 1985 net includes 196,868 dlr gain from forgiveness o
+accrued interest due to affiliates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17080" NEWID="11019">
+<DATE>30-MAR-1987 14:44:06.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2275&#31;reute
+d f BC-&lt;AIN-LEASING-CORP>-3R   03-30 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AIN LEASING CORP> 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    GREAT NECK, N.Y., March 30 -
+    </DATELINE><BODY>Shr loss six cts vs profit 22 cts
+    Net loss 133,119 vs profit 496,391
+    Revs 136,918 vs 737,917
+    Nine mths
+    Shr loss 21 cts vs profit 15 cts
+    Net loss 478,991 vs profit 340,210
+    Revs 324,011 vs 841,908
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17081" NEWID="11020">
+<DATE>30-MAR-1987 14:47:20.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2282&#31;reute
+r f BC-WARNER-LAMBERT-&lt;WLA>   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARNER-LAMBERT &lt;WLA> WINS PACKAGING SUIT</TITLE>
+<DATELINE>    MORRIS PLAINS, N.J., March 30 - </DATELINE><BODY>Warner-Lambert Co said a
+federal court judgment resulted in &lt;My-K Laboratories Inc>
+agreeing to discontinue the sale of cough syrup and a
+children's allergy elixir because it imitates Warner-Lambert 
+packaging.
+    Warner-Lambert said the final consent judgment was entered
+in the U.S. District Court of the Northern District of
+Illinois. It also said the packaging in question imitated its
+own packaging of Benylin and Benadryl products.
+    My-K agreed to adopt different packaging, Warner-Lambert
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17082" NEWID="11021">
+<DATE>30-MAR-1987 14:47:40.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2284&#31;reute
+d f BC-HARTMARX-&lt;HMX>-UNIT-P   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARTMARX &lt;HMX> UNIT PRESIDENT RESIGNS</TITLE>
+<DATELINE>    CHICAGO, March 30 - </DATELINE><BODY>Hartmarx Corp said Geoffrey Bloom
+resigned as president and chief executive officer of its
+Jaymar-Ruby Inc subsidiary to accept the position of president
+and chief operating officer of Wolverine World Wide Inc &lt;WWW>.
+    It said Elbert Hand, president and chief operating officer
+of Hartmarx, and president and chief executive officer of the
+Hartmarx Men's Apparel Group, was named chief executive officer
+of Jaymar-Ruby Inc. Burton Ruby, son of the Jaymar-Ruby
+founder, remains as chairman.
+          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17083" NEWID="11022">
+<DATE>30-MAR-1987 14:48:20.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2286&#31;reute
+u f BC-SENATE-BILL-WOULD-ALL   03-30 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE BILL WOULD ALLOW FARM LOAN WRITE-DOWNS</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The U.S. Senate has approved a
+measure that would allow an estimated 4,200 agricultural banks
+to write off loan losses over ten years.
+    The measure, offered by Sen. Alan Dixon (D-Ill.), was
+attached to a bill to recapitalize the Federal Savings and Loan
+Insurance Corp that the Senate approved March 27.
+    Dixon's amendment would permit agricultural banks -- banks
+with assets of 100 mln dlrs or less and at least 25 pct of
+total loans in farm loans -- to write down over ten years
+agricultural loan losses incurred between 1984 and 1992.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17084" NEWID="11023">
+<DATE>30-MAR-1987 14:49:29.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2291&#31;reute
+r f BC-U.S.-SENATE-BUDGET-CH   03-30 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE BUDGET CHIEF EYES FARM POLICY CHANGE</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>U.S. Senate Budget Committee
+Chairman Lawton Chiles' (D-Fla.) fiscal 1988 budget plan would
+cut farm spending by about two billion dlrs, primarily by
+making unspecified changes in price and income support
+programs, Senate staff members said.
+    Chiles presented his budget blueprint late last week and
+said he would like to begin voting on it this week.
+    Senate Republican staff members said Chiles was
+recommending that policy changes be adopted for 1988 crops.
+    While savings from the changes would accrue mainly in
+fiscal 1989, Chiles said his income and price support proposals
+would trim about two billion dlrs from advance deficiency
+payments, most of which would be made in the spring of next
+year.
+    It was not clear how the Senate Budget panel head would
+achieve the savings in Commodity Credit Corp outlays. Aides to
+Chiles would not comment on how the CCC savings would be made.
+    Recently the Congressional Budget Office released a report
+listing possible price and income support program savings.
+    The options included lowering target prices, increasing
+unpaid acreage reduction programs, targeting income support
+payments to specific groups of producers, limiting the use of
+generic commodity certificates, raising loan rates and
+"decoupling" income support payments from production decisions.
+    Chiles proposed saving about 100 mln dlrs by freezing the
+U.S. Agriculture Department's discretionary spending functions
+which include research and credit programs, Senate staff said.
+    The Florida senator's plan also would provide 30 mln dlrs
+for organic farming research and 20 mln dlrs for homeless aid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17085" NEWID="11024">
+<DATE>30-MAR-1987 14:54:12.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2301&#31;reute
+u f BC-newmont-mining-&lt;nem>   03-30 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWMONT MINING &lt;NEM> SEEKS SOUTH AFRICAN SALE</TITLE>
+<DATELINE>    NEW YORK, March 10 - </DATELINE><BODY>Newmont Mining Corp will seek
+favorable terms for sale of its South African investments, the
+proxy statement for its annual meeting said.
+    Recommending that shareholders vote against a proposal
+calling expeditious withdrawal from South Africa, the proxy
+said "a quick sale could be akin to abandonment" because of the
+depressed state of metal mining stocks and exchange rates on
+capital withdrawals from South Africa.
+    The proxy said the company gave close consideration to
+alternatives to the continued holdings of four existing South
+African metal mining investments during the past year.
+    Pointing out "a measurable number of investors incline to
+support" resolutions calling for South African divestment as
+part of their effort to avoid pressure to sell a given stock,
+the company said "this largely unspoken agenda of many
+supporters of disinvestment does receive attention by the
+corporation."
+    Because of this, Newmont Mining said it "is prepared to
+consider, and will seek, favorable terms for sale of its South
+African investments," but asked stockholders to reject the
+resolution calling for withdrawal and leave the matter to the
+continuing judgment of management.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17086" NEWID="11025">
+<DATE>30-MAR-1987 15:00:51.14</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2311&#31;reute
+u f BC-VENEZ-   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA WANTS TO BOOST ITS REFINING CAPACITY</TITLE>
+<DATELINE>    SAN ANTONIO, TEXAS, March 30 - </DATELINE><BODY>Venezuela's state oil
+company Petroleos de Venezuela S.A. wants to raise its
+worldwide refining capacity by 150,000 barrels of per day, a
+company official attending the National Petroleum Refiners
+Association meeting here said.
+    He declined to be identified but said PdVSA has the
+capacity to refine about 650,000 bpd of crude oil from refining
+centers
+in Venezuela, Sweden, West Germany, Belgium, and the United
+States. The company recently purchased a 50 pct stake in the
+Corpus Christi, Texas refinery of Champlin Petroleum Co, a
+subsidiary of Union Pacific Corp &lt;UNP>.
+    Earlier it bought a similar stake in the Lake Charles, La
+refinery owned by Citgo Petroleum Corp, a unit of Southland
+Corp &lt;SLC>.
+     According to the official, Venezuela is searching
+worldwide for the additional refining capacity but he did not
+mention where the company was looking. 
+    Refineries abroad, he said, guarantee a refining outlet for
+Venezuelan crude oil while ensuring stability of supply to
+refiners.
+    He said Venezuela currently  produces about 1.4 mln bpd of
+crude oil, which is in line with its 1.495 bpd OPEC ceiling.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17087" NEWID="11026">
+<DATE>30-MAR-1987 15:02:17.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2316&#31;reute
+r f BC-AUDI-OFFERS-CASH-INCE   03-30 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDI OFFERS CASH INCENTIVE TO CURRENT OWNERS</TITLE>
+<DATELINE>    TROY, MICH., March 30 - </DATELINE><BODY>Audi of America Inc said it
+introduced the "Audi Private Purchase Plan" in which it will
+offer 5,000 dlr purchase certificates exclusively to current
+owners of 1984-86 Audi 5000 vehicles.
+    It said owners must apply the certificates toward purchase
+or lease of any new 1987 Audi 5000 series vehicle.
+    The program will run between April 1 and June 30, and more
+than 150,000 certificates will be mailed.
+    A company spokesman said eligible owners need not trade in
+their old cars to take advantage of the offer.
+    He also said the scheme was not prompted by the fact that
+Audi had to recall thousands of its cars earlier this year to
+correct a possible defect that caused some of the cars to
+accelerate suddenly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17088" NEWID="11027">
+<DATE>30-MAR-1987 15:05:58.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2335&#31;reute
+r f BC-PRIMEBANK-&lt;PMBK>-SETS   03-30 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIMEBANK &lt;PMBK> SETS 10 PCT STOCK DIVIDEND</TITLE>
+<DATELINE>    GRAND RAPIDS, Mich., March 30 - </DATELINE><BODY>PrimeBank Federal Savings
+Bank said its board declared a 10 pct stock dividend to be
+distributed about April 15 to holders or record March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17089" NEWID="11028">
+<DATE>30-MAR-1987 15:06:30.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2336&#31;reute
+d f BC-AMERICAN-LOCKER-GROUP   03-30 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN LOCKER GROUP INC &lt;ALGI> 4TH QTR NET</TITLE>
+<DATELINE>    JAMESTOWN, N.Y., March 30 -
+    </DATELINE><BODY>Shr profit 23 cts vs loss six cts
+    Net profit 319,564 vs loss 84,203
+    Sales 6,419,230 vs 5,583,560
+    Year
+    Shr profit 1.11 dlrs vs profit 43 cts
+    Net profit 1,582,125 vs profit 654,083
+    Sales 26.2 mln vs 22.6 mln
+    NOTE: Full year 1985 includes gains of two cts per share
+from discontinued operations and four cts per share from
+disposal of assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17090" NEWID="11029">
+<DATE>30-MAR-1987 15:15:20.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2351&#31;reute
+b f BC-TAFT   03-30 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASS GROUP SAYS IT HAS HAD TALKS ON TAFT &lt;TFB></TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>A group led by members of the
+wealthy Bass family of Fort Worth, Texas, which holds a 24.9
+pct stake in Taft Broadcasting Co, said it has had talks about
+taking part in a move to take control of the company.
+    In a filing with the Securities and Exchange Commission,
+the group said it has had discussions with other Taft
+stockholders and some company managers and directors
+"concerning participation in a group to acquire control" of the
+company.
+    The Bass group, which did not identify any of the other
+people with whom it said it has had talks, said it plans to
+continue evaluating Taft and "will be involved in further
+discussions relating to the future control and direction" of
+the company.
+    The group, which holds 2,291,210 Taft common shares, said
+its members may buy more shares of Taft common stock, or may
+decide to sell some or all of its stake.
+    On Friday Taft said it would negotiate with a group led by
+its vice chairman, Dudley Taft, and a Rhode Island investment
+firm, which had offered 150 dlrs a share for the company.
+    The Dudley Taft group, Theta Corp, which also includes
+Narragansett Capital Corp, a Providence, R.I., investment firm,
+is seeking to take the company private in a leveraged buyout
+valued at 1.38 billion dlrs.
+    Besides the Bass group, another major Taft shareholder,
+Cincinnati, Ohio, financier Carl Lindner, has also said he has
+had talks about increasing his stake in the company, taking
+part in a takeover effort, or launching one himself.
+    Lindner controls 1,489,298 shares of Taft common stock, or
+16.2 pct of the total.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17091" NEWID="11030">
+<DATE>30-MAR-1987 15:16:34.99</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ FQ
+&#22;&#22;&#1;f2355&#31;reute
+u f BC-us-steel-production   03-30 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. STEEL PRODUCTION ROSE 1.3 PCT IN WEEK</TITLE>
+<DATELINE>   New York, March 30 - </DATELINE><BODY>Steel production rose
+1.3 pct to 1,696,000 short tons in the
+week ended March 28 from 1,675,000 short
+tons, the American Iron and Steel Institute
+reported
+   Production so far this year was 18,810,000 tons adjusted off
+14.6 pct from 22,016,000 tons
+produced by the nations mills a year ago.
+    Utilization for the week of March 28 was   78.7 pct and for
+the week of March 21 was      was 77.8 pct.      
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17092" NEWID="11031">
+<DATE>30-MAR-1987 15:17:57.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2366&#31;reute
+r f BC-NORTH-AMERICAN-GROUP   03-30 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN GROUP &lt;NAMG> 4TH QTR OPER LOSS</TITLE>
+<DATELINE>    CHICAGO, March 30 -
+    </DATELINE><BODY>Oper shr loss 12 cts vs loss 10 cts
+    Oper net loss 474,270 vs loss 369,848
+    Revs 202,500 vs 111,210
+    Avg shrs 3,904,373 vs 3,495,579
+    Year
+    Oper shr loss 28 cts vs loss 46 cts
+    Oper net loss 1,069,550 vs loss 893,612
+    Revs 408,031 vs 438,933
+    Avg shrs 3,785,607 vs 1,944,627
+    NOTE: Full name is North American Group Ltd
+    Earnings exclude losses on reorganization expenses of
+33,453 dlrs, or one ct a share vs 59,520 dlrs, or two cts a sh
+are in the quarter and losses of 237,859 dlrs, or six cts a
+share vs 413,444 dlrs, or 21 cts a share for the year
+    Earnings exclude gains on discontinued operations of
+147,671, or four cts a share in the 1985 quarter and gains of
+760,603 dlrs, or 20 cts a share vs 520,200 dlrs, or 27 cts a
+share for the year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17093" NEWID="11032">
+<DATE>30-MAR-1987 15:18:39.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2371&#31;reute
+u f BC-PAY-'N-PAK-&lt;PNP>-TO-E   03-30 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAY 'N PAK &lt;PNP> TO EXPLORE ITS ALTERNATIVES</TITLE>
+<DATELINE>    KENT, Wash., March 30 - </DATELINE><BODY>Pay 'N Pak Stores Inc said it
+intends to explore all alternatives for the purpose of
+maximizing its value to stockholders.
+    The company said it also retained Salomon Brothers Inc as
+its financial advisor to assist it in this regard.
+    Last week investor Paul Bilzerian reported that he holds a
+7.2 pct stake in Pay 'N Pak and is considering seeking control
+of the retail building materials firm.
+    In a filing with the Securities and Exchange Commission
+Bilzerian said he and a Tampa, Fla., investment firm he
+controls called Bicoastal Financial Corp, may acquire
+additional Pay 'N Pak shares, or they may seek to acquire one
+or more positions on the company's board.
+    He also said in the filing that he may attempt to obtain  a
+controlling interest through a tender offer or otherwise.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17094" NEWID="11033">
+<DATE>30-MAR-1987 15:20:25.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2377&#31;reute
+r f BC-SOCIETY-FOR-SAVINGS-&lt;   03-30 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCIETY FOR SAVINGS &lt;SOCS> TO OFFER NOTES</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Society for Savings said it will offer
+up to 100 mln dlrs of medium-term notes with maturites of one
+to five years through Goldman, Sachs and Co and Shearson Lehman
+Brothers Inc.
+    The notes will be supported by an irrevocable letter of
+credit by the Federal Home Loan Bank of Boston. Each note will
+bear interest at a fixed-rate or variable rate formula
+established at the time of issuance, Society for Savings said.
+    Bankers Trust Co will act as fiscal and paying agent.
+Non-redeemable to maturity, the notes will be issued only in
+registered form and in minimum denomiations of 100,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17095" NEWID="11034">
+<DATE>30-MAR-1987 15:20:32.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2378&#31;reute
+r f BC-&lt;OXOCO-INC>-YEAR-LOSS   03-30 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;OXOCO INC> YEAR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 30 -
+    </DATELINE><BODY>Oper shr loss 6.68 dlrs vs loss 9.95 dlrs
+    Oper net loss 53.9 mln vs loss 69.8 mln
+    Revs 16.5 mln vs 33.2 mln
+    Avg shrs 8,329,492 vs 7,271,668
+    NOTE: 1986 excludes loss 12.9 mln for discontinued
+compressor operations vs loss 14.9 mln year prior.
+    1986 excludes gain of 98.7 mln for extinguishment of debt
+from company's chapter 11 filing and subsequent reorganization.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17096" NEWID="11035">
+<DATE>30-MAR-1987 15:20:48.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2380&#31;reute
+d f BC-TEECO-PROPERTIES-L.P.   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEECO PROPERTIES L.P. OPER INCOME DOWN</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>&lt;Teeco Properties L.P.> said the
+partnership recorded income from operations for 1986 of 140,000
+dlrs, or two cts a unit.
+    The partnerhsip said this compared to 1985 figures of
+660,000 dlrs, or 10 cts a unit.
+    Results of operations between both years is not comparable
+since the partnership's principle objective is to sell or
+dispose of its assets and distribute proceeds to unit holders,
+according to the partnership.
+    It said the number of units outstanding for both years is
+6,479,516.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17097" NEWID="11036">
+<DATE>30-MAR-1987 15:20:52.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2381&#31;reute
+d f BC-BROUGHER-INSURANCE-GR   03-30 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROUGHER INSURANCE GROUP INC&lt;BIGI> 4TH QTR LOSS</TITLE>
+<DATELINE>    GREENWOOD, Ind., March 30 -
+    </DATELINE><BODY>Shr loss nine cts vs profit 20 cts
+    Net loss 257,157 vs profit 414,890
+    Year
+    Shr profit 54 cts vs profit 1.05 dlrs
+    Net profit 1,295,104 vs profit 2,140,673
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17098" NEWID="11037">
+<DATE>30-MAR-1987 15:22:33.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2385&#31;reute
+d f AM-COURT-CARS   03-30 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGH COURT DECLINES TO REVIEW AIR BAG RULE</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The Supreme Court declined to review
+a federal regulation requiring automobile manufacturers to
+phase in automatic seat belts or air bags for new cars sold in
+the United States.
+    The Department of Transportation (DOT) rule required that
+the safety devices be installed, for the first time, on 10 pct
+of this year's model cars. All new cars must have the devices
+by the 1990-model year.
+    The regulation, however, can be rescinded if states with
+two-thirds of the U.S. population adopt mandatory seat belt-use
+laws by 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17099" NEWID="11038">
+<DATE>30-MAR-1987 15:24:34.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2395&#31;reute
+w f BC-TRADE-BODY-SETS-NEW-R   03-30 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE BODY SETS NEW RULES FOR EURODLR MANAGERS</TITLE>
+<DATELINE>    London, March 30 - </DATELINE><BODY>The International Primary Market Makers
+Association, a trade organisation, said its board last week
+adopted new rules recommending lead managers of eurodollar bond
+issues make a market in that security for 12 months.
+    Currently, while there is an implied obligation on the part
+of firms to make markets in issues they underwrite, there is no
+formal obligation to do so.
+    Christopher Sibson, secretary general of IPMA, in
+explaining why the recommendation was adopted, said "It is aimed
+at the problem of the lead manager who does a deal and
+disappears."
+    Sibson said the organization cannot force its members to
+adhere to the rule. "We're under no illusions about the legal
+binding force of these recommendations," he said.
+    Lead managers have occasionally abandoned efforts to
+support an unprofitable issue just a short while after it has
+been offered, leaving investors and smaller firms with no one
+to buy it back from them.
+    Most recently, when prices of perpetual floating rates
+notes (FRNs) suddenly plunged, most market makers abandoned the
+securities altogether, leaving investors stuck with about 17
+billion dlrs worth of unmarketable securities on their books.
+     Sibson noted that the recommendation adopted by the board
+only applies  to fixed-rate dollar issues and would not have
+helped the floating rate sector out of its current crisis.
+    Among other measures, the IPMA also decided that the
+criteria for membership should be tightened to exclude some of
+the smaller firms.
+    Under the new rules, a firm must be the book running lead
+manager during the two preceding years of 12 internationally
+distributed debt issues denominated in U.S. Dlrs or in one of
+eight other major currencies.
+    The former requirement called for three lead-managed
+issues. Sibson said he expects the tighter entrance
+requirements to pare 3he current list of 67 members down by six
+to 10 members.
+    Smaller firms have criticized IPMA's efforts to restrict
+membership to the larger firms, saying it is anti-competitive
+and that it reinforces the big firms' already large market
+share.
+    "Belonging to IPMA carries a certain amount of prestige with
+borrowers," said a dealer at a small foreign bank. "The borrower
+says to himself, "Well I can travel economy or I can travel
+first class,'" he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17100" NEWID="11039">
+<DATE>30-MAR-1987 15:26:11.53</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2401&#31;reute
+r f BC-CSC-INDUSTRIES-UNIT-T   03-30 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSC INDUSTRIES UNIT TO INCREASE PRICES</TITLE>
+<DATELINE>    WARREN, Ohio, March 30 - </DATELINE><BODY>Copperweld Steel Co &lt;CPSL>, a
+subsidiary of CSC Industries Inc., said it will increase from
+market price levels its bar, semi-finished and leaded products
+effective July One.
+    Hot rolled and cold finished bar wil be increase 25 dlrs
+per net ton, while semi-finished products will be increased 15
+dlrs per net ton, the company said.
+    Anticipated higher energy and raw material costs, combined
+with current market trends, were cited by the company as
+reasons for the increases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17101" NEWID="11040">
+<DATE>30-MAR-1987 15:26:25.70</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2402&#31;reute
+u f BC-USDA-TO-UPDATE-WINTER   03-30 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA TO UPDATE WINTER WHEAT ACREAGE TOMORROW</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The U.S. Agriculture Department said
+it will update its estimate of winter wheat seeded acreage in
+the prospective planting report, scheduled for release at 1500
+est (2100 gmt) tomorrow, March 31.
+    The original estimate of seedings of winter wheat was
+published in January.
+    It said the new survey is possible because of the new
+integrated nationwide survey program that uses probability
+sampling procedures that combine information from farmers
+operating in selected areas and farmers identified on special
+lists.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17102" NEWID="11041">
+<DATE>30-MAR-1987 15:27:02.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2404&#31;reute
+b f BC-SANTA-FE-&lt;SFX>-AWARE   03-30 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTA FE &lt;SFX> AWARE OF HENLEY &lt;HENG> STAKE</TITLE>
+<DATELINE>    CHICAGO, March 30 - </DATELINE><BODY>Santa Fe Southern Pacific Corp said it
+has discussed with Henley Group that company's almost five pct
+stake and was told the holdings are for investment purposes.
+    "We have confirmed with the Henley Group that they own
+approximately 7.9 mln shares of Santa Fe Southern Pacific
+common stock. They have informed me that they like our company
+and purchased the stock last year for investment purposes,"
+Santa Fe chairman John Schmidt said in a statement.
+    Henley late Friday filed a 10-K report with the Securities
+and Exchange Commission concerning the Santa Fe stake.
+    Earlier Santa Fe's stock was up 4-7/8 to 41 before slipping
+to be up 1-7/8 at 38.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17103" NEWID="11042">
+<DATE>30-MAR-1987 15:29:30.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2406&#31;reute
+r f BC-OXOCO-CONCLUDES-PRIVA   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OXOCO CONCLUDES PRIVATE SALE OF NEW COMMON</TITLE>
+<DATELINE>    HOUSTON, March 30 - </DATELINE><BODY>Oxoco Inc said it concluded the private
+placement of 3,906,250 shares of its new common stock at an
+average purchase price of 1.28 dlrs per share for a cash
+payment of five mln dlrs.
+    Oxoco said the sale was to a group of venture capital
+investors led by Hambrecht and Quist of San Francisco.
+    It said the venture capitalists now own 71.6 pct of the
+outstanding stock of the company.
+    In addition, Andrew Loomis and Michael McGovern were
+elected chairman and co-chairman, respectively, of the company,
+it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17104" NEWID="11043">
+<DATE>30-MAR-1987 15:29:47.66</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2407&#31;reute
+b f BC-sugar-imports   03-30 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUGAR IMPORTS DOWN IN LATEST WEEK - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Sugar imports subject to the U.S.
+sugar import quota during the week ended March 6 totaled 25,192
+short tons versus 29,043 tons the previous week, the
+Agriculture Department said.
+    Cumulative imports now total 130,804 tons, it said.
+    The sugar import quota for the 1987 quota year
+(January-December) has been set at 1,001,430 short tons
+compared with 1,850,000 tons in the 1986 quota year, which was
+extended three months to December 31.
+    The department said the Customs Service reported that
+weekly and cumulative imports are reported on an actual weight
+basis and when final polarizations are received, cumulative
+import data are adjusted accordingly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17105" NEWID="11044">
+<DATE>30-MAR-1987 15:39:21.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2427&#31;reute
+u f BC-TRANSAMERICAN-FILES-A   03-30 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICAN FILES AMENDED REORGANIZATION PLAN</TITLE>
+<DATELINE>    HOUSTON, March 30 - </DATELINE><BODY>TransAmerican Natural Gas Corp, which
+has been operating under Chapter 11 bankruptcy protection since
+January 1983, said it filed an amended and restated negotiated
+plan of reorganization.
+    A hearing on the adequacy of the disclosure statement is
+scheduled for April 29 in the U.S. Bankruptcy Court for the
+Southern District of Texas.
+    Basic terms of the amended and restated negotiated plan
+have not changed from the original plan filed last October, the
+company said.
+     The amended filing reflects adding ancillary documents to
+the plan filed in October, it said.
+    Assuming the plan is found adequate on April 29,
+TransAmerican would then seek acceptance from creditors which
+is relatively assured since they participated in the
+negotiations, the company said.
+    Liabilities in excess of one billion dlrs are being
+reorganized under the amended plan which provides for full
+debt-repayment to secured bank lenders.
+    Unsecured creditors would receive either 100 pct repayment,
+secured by liens on assets, or one-time lump sum payments of 25
+to 35 cts on the dollar, in cash, shortly after confirmation of
+the plan by the court.
+    TransAmerican is vigorously resisting efforts by Coastal
+Corp &lt;CGP> to acquire its assets through a subsequent plan of
+liquidation.
+    The spokesman said the company is confident its plan will
+be confirmed and is optimistic that it will emerge from Chapter
+11 as early ninety days after the April 29 confirmation.
+    A Coastal spokesman said it will file a plan in April with
+the court and will request the court to review its plan.
+    On March 17, the company said that as a creditor, which is
+owed 625,000 dlrs, it has a right to file its own plan which
+will better serve the other creditors in a shorter time.
+    A TransAmerican spokesman said the net worth of Coastal's
+offer is less than 25 pct of the fair market value of
+Transamerican's assets which are in excess of one billion dlrs.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17106" NEWID="11045">
+<DATE>30-MAR-1987 15:44:23.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2434&#31;reute
+r f BC-TEXTRON-&lt;TXT>-TO-REPA   03-30 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXTRON &lt;TXT> TO REPAY DEBT THROUGH ASSET SALES</TITLE>
+<DATELINE>    PROVIDENCE, R.I., March 30 - </DATELINE><BODY>Texton Inc said it intends to
+repay a substantial portion of the debt generated to acquire
+Ex-Cell-O Corp last year through internally generated cash and
+proceeds from the sale of assets.
+    Textron financed the acquisition by borrowing about one
+billion dlrs under promissory notes, subsequently refinanced
+through the sale of commercial paper and bank borrowings.
+    The large diversified conglomerate with operations ranging
+from defense to consumer and financial services, said in its
+annual report that it has not yet identified the units, other
+than its Gorham division, it expects to sell.
+    Textron said it did expect to identify the units it intends
+to sell during the next year. It said the sales are expected to
+reduce income from continuing operations as the units' earnings
+will exceed the interest on the debt retired with the proceeds
+of the sales.
+    It also said it plans to "return to a more conservative
+balance sheet ratio of debt-to-capital," through asset sales
+and increasing cash flow from continuing operations.
+    It also said it will continue to examine "large acquisition
+opportunities," while "pruning" operations no longer expected
+to meet its strategic requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17107" NEWID="11046">
+<DATE>30-MAR-1987 15:51:12.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2449&#31;reute
+r f BC-TEMPLETON-ENERGY-INC   03-30 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEMPLETON ENERGY INC &lt;TMPL> 4TH QTR NET</TITLE>
+<DATELINE>    HOUSTON, March 30 -
+    </DATELINE><BODY>Shr profit four cts vs loss six cts
+    Net profit 967,000 vs loss 1,219,000
+    Revs 10.1 mln vs 4.5 mln
+    Year
+    Shr profit three cts vs loss five cts
+    Net profit 688,000 vs 982,000
+    Revs 24.6 mln vs 16.3 mln
+    NOTE: 1986 includes results of Louisiana Energy and
+Development Corp acquired in November 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17108" NEWID="11047">
+<DATE>30-MAR-1987 15:52:04.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2450&#31;reute
+r f BC-AEL-INDUSTRIES-&lt;AELNA   03-30 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEL INDUSTRIES &lt;AELNA> 4TH QTR FEB 27 NET</TITLE>
+<DATELINE>    LANSDALE, Pa., March 30 -
+    </DATELINE><BODY>Shr 66 cts vs 33 cts
+    Net 2,955,000 vs 1,563,000
+    Revs 26.1 mln vs 23.9 mln
+    12 mths
+    Shr 74 cts vs 1.01 dlrs
+    Net 3,321,000 vs 4,739,000
+    Revs 108.4 mln vs 104.9 mln
+    NOTE: year 1987 includes charge of 818,000 dlrs, or 18 cts
+per share, for sale of Elisra Electronic Systems Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17109" NEWID="11048">
+<DATE>30-MAR-1987 15:54:36.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2452&#31;reute
+r f BC-AMOSKEAG-&lt;AMKG>-TAKEO   03-30 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOSKEAG &lt;AMKG> TAKEOVER BLOCKED BY COURT</TITLE>
+<DATELINE>    MANCHESTER, N.H., March 30 - </DATELINE><BODY>Amoskeag Bank Shares Inc said
+the New Hampshire Supreme Court overturned its proposed
+acquisition of Portsmouth Savings Bank in a three-two vote.
+    The acquisition had been opposed by some depositors, who
+filed an action to block the takeover.
+    "We will respond to this news as soon as we have had an
+opportunity to analyze the decision, and any and all options
+available to us," chairman William Bushnell said in a
+statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17110" NEWID="11049">
+<DATE>30-MAR-1987 15:55:50.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2454&#31;reute
+d f BC-METROMAIL-&lt;MTMA>-PRED   03-30 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROMAIL &lt;MTMA> PREDICTS FLAT EARNINGS</TITLE>
+<DATELINE>    LINCOLN, Neb., March 30 - </DATELINE><BODY>Metromail Corp said it expects
+flat operating profits for its 1987 fiscal year ending May 31
+with last fiscal year's earnings from operations of 9,943,000
+dlrs, or 1.05 dlrs a share.
+    The company said the flat results will be due to higher
+than normal expenditures during the fourth quarter for
+expansion of its data processing capabilities.
+    Earlier, Metromail reported fiscal 1987 third quarter
+earnings of 2.4 mln dlrs, or 25 cts a share, versus three mln
+dlrs, or 32 cts a share, the prior third quarter, and nine
+months net of 7.2 mln dlrs, or 76 cts a share, versus 7.8 mln
+dlrs, or 82 cts a share the prior nine months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17111" NEWID="11050">
+<DATE>30-MAR-1987 15:56:28.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2455&#31;reute
+r f BC-APPLE-&lt;AAPL>-EXPANDS   03-30 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLE &lt;AAPL> EXPANDS NETWORK CAPABILITIES</TITLE>
+<DATELINE>    CUPERTINO, Calif., March 30 - </DATELINE><BODY>Apple Computer Inc said it
+has extended the ability of the Apple MacIntosh personal
+computer family to commmunicate over &lt;Northern Telecom Ltd's>
+Meridian SL-1 integrated services network.
+    The new capabilities include linking separate AppleTalk
+networks, dial-up remote use of LaserWriter printers, one step
+file transfer and conversion and Memorybank 485, a new 485
+megabyte storage subsystem for use with MacIntosh personal
+computers, Apple said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17112" NEWID="11051">
+<DATE>30-MAR-1987 15:58:33.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2457&#31;reute
+u f BC-BALL-&lt;BLL>-ENDS-TALKS   03-30 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALL &lt;BLL> ENDS TALKS WITH MONSANTO &lt;MTC></TITLE>
+<DATELINE>    MUNCIE, IND., March 30 - </DATELINE><BODY>Ball Corp said it was unable to
+complete negotiations to acquire the plastic container business
+of Monsanto Co.
+    It said the two companies had entered into exclusive
+negotiations last October.
+    Neither company provided details on why the talks were
+terminated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17113" NEWID="11052">
+<DATE>30-MAR-1987 15:58:44.17</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2458&#31;reute
+u f BC-JAPAN-BUYS-CANADIAN-R   03-30 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, March 30 - </DATELINE><BODY>Japanese crushers bought 2,000 tonnes
+of Canadian rapeseed in export business overnight for May
+shipment, trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17114" NEWID="11053">
+<DATE>30-MAR-1987 15:59:18.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2459&#31;reute
+u f BC-NEWMONT-MINING-&lt;NEM>   03-30 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWMONT MINING &lt;NEM> SETS HIGHER SPENDING IN 1987</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Newmont Mining Corp estimates its 1987
+capital spending at 137 mln dlrs, its annual report said.
+    A company spokesman said this figure excludes &lt;Magma Copper
+Co> and compares to spending of about 80 mln dlrs in 1986
+excluding the 45 mln dlrs spent on Magma operations. As
+previously announced, Newmont is distributing 80 pct of Magma's
+stock to its shareholders in the form of a dividend.
+    The report also said Newmont Mining increased its ownership
+of Du Pont Co &lt;DD> stock during 1986 to 5,970,141 shares at
+year end from 5,250,376 shares a year earlier.
+    Newmont's annual report said the company held 2.5 pct of Du
+Pont's stock at the end of 1986, up from 2.2 pct a year
+earlier.
+    The report also said Newmont's proven oil reserves declined
+to 7,970,000 barrels at the end of 1986 from 8,530,000 barrels
+a year earlier and its natural gas reserves declined to 271.48
+billion cubic feet from 274.82 billion at the end of 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17115" NEWID="11054">
+<DATE>30-MAR-1987 15:59:24.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2460&#31;reute
+r f BC-3COM-CORP-&lt;COMS>-INTR   03-30 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>3COM CORP &lt;COMS> INTRODUCES NEW WORKSTATION</TITLE>
+<DATELINE>    SANTA CLARA, Calif., March 30 - </DATELINE><BODY>3Com Corp said it
+introduced a new network workstation for business applications.
+    The product, called 3Station, is the first in a family of
+network workstations, which will later include a Token Ring
+version, the company said.
+    It said the 3Station is an IBM-compatible 80286-based
+Ethernet product which can be integrated with personal
+computers on a network.
+    The company also said it plans to begin shipments on May
+15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17116" NEWID="11055">
+<DATE>30-MAR-1987 16:00:03.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2462&#31;reute
+r f BC-S/P-AFFIRMS-BANNER-&lt;B   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P AFFIRMS BANNER &lt;BNR>, LOWERS REXNORD &lt;REX></TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed Banner Industries Inc's 135 mln dlrs of B-minus
+subordinated debt following its purchase of Rexnord Inc. 
+    Rexnord's 50 mln dlrs of 12-3/4 pct debentures of 1994 were
+cut to B from A-minus to reflect the merger with Banner.
+    While increasing Banner's size and diversity, S and P said
+the transaction heightens financial risk, with debt to capital
+rising to more than 90 pct.
+    Near-term earnings and cash flow protection will weaken
+from the acquisition, though Banner's plans to sell some
+Rexnord assets will reduce debt for the medium term.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17117" NEWID="11056">
+<DATE>30-MAR-1987 16:00:28.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2463&#31;reute
+d f BC-REEF-ENERGY-&lt;RFEN>-EN   03-30 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REEF ENERGY &lt;RFEN> ENTERS PIPELINE AGREEMENT</TITLE>
+<DATELINE>    TRAVERSE CITY, MICH., March 30 - </DATELINE><BODY>Reef Energy Corp said its
+board entered into agreements with Penteco Corp, a private
+Tulsa-based company, to buy a 12-pct interest in the general
+partnership of Penteco East Central Pipeline and a 10-pct
+interest in Lincoln Gas and Marketing Corp.
+    Penteco East is a gas gathering and transmission system in
+southern Kansas and northern Oklahoma.
+    It said Penteco in turn has purchased one mln shares of
+Reef common and taken options for the purchase of another two
+mln shares over the next 36 months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17118" NEWID="11057">
+<DATE>30-MAR-1987 16:00:33.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2464&#31;reute
+s f BC-AMERON-INC-&lt;AMN>-QTLY   03-30 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERON INC &lt;AMN> QTLY DIVIDEND</TITLE>
+<DATELINE>    MONTEREY PARK, Calif., March 30 -
+    </DATELINE><BODY>Shr 24 cts vs 24 cts prior qtr
+    Pay May 15
+    Record April 24
+            
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17119" NEWID="11058">
+<DATE>30-MAR-1987 16:00:39.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2465&#31;reute
+d f BC-JOHNSON-ELECTRONICS-I   03-30 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSON ELECTRONICS INC &lt;JHSN> 4TH QTR LOSS</TITLE>
+<DATELINE>    WINTER PARK, Fla., March 30 -
+    </DATELINE><BODY>Shr loss three cts vs profit eight cts
+    Net loss 35,000 vs profit 128,000
+    Revs 1,133,000 vs 1,528,000
+    Year
+    Shr profit four cts vs profit 21 cts
+    Net profit 72,000 vs profit 339,000
+    Revs 4,837,000 vs 4,500,000
+    NOTE: 1985 net income included an after tax gain of 195,000
+or 12 cts per share on sale of real property.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17120" NEWID="11059">
+<DATE>30-MAR-1987 16:01:55.85</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2469&#31;reute
+u f BC-TREASURY-BALANCES-AT   03-30 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED FELL ON MARCH 27</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve fell on March 27 to 2.424 billion dlrs from 2.508
+billion dlrs on the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts fell to 9.706
+billion dlrs from 10.786 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 12.131
+billion dlrs on March 27 compared with 13.283 billion dlrs on
+March 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17121" NEWID="11060">
+<DATE>30-MAR-1987 16:06:38.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2480&#31;reute
+r f BC-MORRISON-INC-&lt;MORR>-3   03-30 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON INC &lt;MORR> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    MOBILE, Ala., March 30 -
+    </DATELINE><BODY>Shr 35 cts vs 29 cts
+    Qtly div 12 cts vs 12 cts prior qtr
+    Net 5,036,000 vs 4,165,000
+    Revs 147.6 mln vs 132.4 mln
+    Nine mths
+    Shr 1.12 dlrs vs one dlr
+    Net 16.1 mln vs 14.4 mln
+    Revs 433.4 mln vs 385 mln
+    NOTE: Per share data reflect March 1986 five pct stock
+distribution. Cash dividend is payable April 30 to holders of
+record April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17122" NEWID="11061">
+<DATE>30-MAR-1987 16:06:53.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2481&#31;reute
+d f BC-FOREIGN-OWNERSHIP-OF   03-30 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREIGN OWNERSHIP OF U.S. FARMLAND UP -- USDA</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Non-U.S. citizens held 12.4 mln
+acres of privately owned U.S. agricultural land as of December
+31, slightly less than one pct of the total agricultural land,
+but 369,000 acres above the foreign ownership at the end of
+1985, the U.S. Agriculture Department said.
+    The department said forest land accounted for 52 pct of all
+foreign-owned acreage, cropland 17 pct, pastures and other
+agricultural land 26 pct and non-agricultural and unreported
+uses, five pct.
+    Corporations owned 79 pct of the foreign-held acreage,
+parternships 11 pct, and individuals eight pct, the department
+said. The remaining two pct was held by estates, trusts,
+associations, institutions and others, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17123" NEWID="11062">
+<DATE>30-MAR-1987 16:07:10.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2483&#31;reute
+u f BC-U.S.-GROUP-ASKS-SPECI   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GROUP ASKS SPECIAL ROYAL DUTCH&lt;RD> MEETING</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>A group of U.S. investors opposed to
+Royal Dutch Shell Petroleum Co's South African policies plans
+to seek a special shareholders meeting to discuss their
+complaints.
+    Representatives of the American Baptist Churches and the
+New York City Teachers Retirement System said the company has
+refused to include their proposals in proxy material prepared
+for the annual meeting in May.
+    The group said its proposals call for an end to sales by
+Royal Dutch to the South African police and military and
+withdrawal from South Africa.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17124" NEWID="11063">
+<DATE>30-MAR-1987 16:08:25.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2488&#31;reute
+r f BC-VANDERBILT-&lt;VAGO>-TO   03-30 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VANDERBILT &lt;VAGO> TO RAISE COMMON, MERGE</TITLE>
+<DATELINE>    LAS VEGAS, March 30 - </DATELINE><BODY>Vanderbilt Gold Corp said
+shareholders at a special meeting approved its reincorporation
+in Delaware, an increase in authorized common to 25 mln shares
+from 12 mln shares, and a non-qualified stock option plan.
+    It also said shareholders approved the merger of Morning
+Star Mine interests held by six corporations in exchange for
+issuing 2,098,602 shares of its common. It said the acquisition
+brings its ownership in Morning to over 94 pct and it intends
+to acquire the remaining interests before mid year.
+    It said its plans call for 1987 production of 30,000 ounces
+of gold with product costs per ounce at about 200 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17125" NEWID="11064">
+<DATE>30-MAR-1987 16:10:35.89</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2491&#31;reute
+u f BC-/LITTLE-RISK-SEEN-FOR   03-30 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLE RISK SEEN FOR TEXAS COTTON FROM COLD</TITLE>
+<DATELINE>    New York, March 30 - </DATELINE><BODY>Texas' cotton crop stands little
+chance of damage from frigid temperatures expected tonight in
+that state, as very little cotton has been planted, according
+to Texas agricultural sources and cotton market analysts.
+    "It's still pretty early for cotton planting. Only six pct
+of the crop was planted as of last week," said Doug Stillmann,
+a statistician at the Texas Agricultural Statistic Service in
+Austin, a division of the U.S. Agriculture Department.
+    Stillmann and other cotton market sources said planting had
+begun in the Rio Grande Valley and South Texas areas only, with
+planting in the crucial high and low plains areas not slated to
+begin until next month. The high and low plains accounted for
+60 pct of the 2.5 mln bales produced in Texas last year,
+Stillmann said.
+    Temperatures tonight in most of Texas are expected to drop
+to freezing to the low 20s, although the lower Rio Grande
+Valley may see more moderate readings in the middle 30s,
+according to meteorologists at Accu-Weather Inc.
+    The price of new-crop cotton on the New York cotton futures
+market rallied today on weather-related fears.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17126" NEWID="11065">
+<DATE>30-MAR-1987 16:11:45.14</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2493&#31;reute
+u f BC-REPORT-ON-EXPORT-MARK   03-30 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPORT ON EXPORT MARKETS FOR U.S. GRAIN DELAYED</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The U.S. Agriculture Department's
+report on Export Markets for U.S. Grain, scheudled for release
+today, has been delayed until Wednesday, April 1, a department
+spokeswoman said.
+    No reason was given for the delay in releasing the monthly
+report.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17127" NEWID="11066">
+<DATE>30-MAR-1987 16:12:16.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2497&#31;reute
+b f BC-******BILZERIAN-TELLS   03-30 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BILZERIAN TELLS SEC HE UPS PAY 'N PAK STAKE TO 9.9 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17128" NEWID="11067">
+<DATE>30-MAR-1987 16:13:10.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2501&#31;reute
+d f BC-ALLIED-SIGNAL-&lt;ALD>-G   03-30 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL &lt;ALD> GETS 38.6 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Allied Corp, a division of
+Allied-Signal Inc, has received a 38.6 mln dlr contract for
+work on F-15 aircraft avionics maintenance, the Air Force said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17129" NEWID="11068">
+<DATE>30-MAR-1987 16:16:09.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2503&#31;reute
+r f BC-MORRISON-&lt;MORR>-SETS   03-30 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON &lt;MORR> SETS SHAREHOLDER RIGHTS PLAN</TITLE>
+<DATELINE>    MOBILE, Ala., March 30 - </DATELINE><BODY>Morrison Inc said its board
+adopted a shareholder rights plan to deter any possible hostile
+takeover of the company.
+    It said details of the plan will be released shortly. A
+record date of April 10 was set for the distribution of the
+rights to shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17130" NEWID="11069">
+<DATE>30-MAR-1987 16:16:49.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2509&#31;reute
+f f BC-******RJR-NABISCO-SAY   03-30 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RJR NABISCO SAYS SPINOFF OF TOBACCO OPERATIONS UNLIKELY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17131" NEWID="11070">
+<DATE>30-MAR-1987 16:18:50.48</DATE>
+<TOPICS><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2516&#31;reute
+u f BC-ROYAL-DUTCH-&lt;RD>-UNIT   03-30 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL DUTCH &lt;RD> UNIT RAISES HEAVY FUEL PRICES</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Scallop Petroleum Corp, a subsidiary
+of Royal Dutch/Shell group, said today it raised contract
+prices for heavy fuel 25 cts to 1.75 dlrs a barrel, effective
+today.
+    The increase brings the price for 0.3 pct sulphur to 22.50
+dlrs, up 1.75, 0.5 pct sulphur to 21.50 dlrs, up 1.50, 0.7 pct
+sulphur to 20.25 dlrs, up 75 cts, one pct sulphur to 19.50
+dlrs, up 25 cts, two pct sulphur to 18.75 dlrs, up 75 cts, 2.2
+pct sulphur to 18.50 dlrs, up 75 cts, 2.8 pct sulphur to 18.00
+dlrs, up 75 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17132" NEWID="11071">
+<DATE>30-MAR-1987 16:20:47.32</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2517&#31;reute
+r f BC-florida-wkly-crop-rep   03-30 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORIDA WEEKLY CROP REPORT</TITLE>
+<DATELINE>    ORLANDO, FLA, March 30 - </DATELINE><BODY>Florida's citrus groves continue
+in very good condition, acccording to the latest report by the
+U.S. Department of Agriculture's Florida Agricultural
+Statistics Service. Late-week rains and thunderstorms came at
+an opportune time. Warm daytime temperatures and good soil
+moisture have produced an abundance of new growth and bloom.
+    Most trees are in some stage of bloom development with
+petal drop already taking place in many south Florida groves.
+    Harvest of late-type valencia oranges is increasing rapidly
+with the near completion of the early and midseason varieties.
+Rain during the week caused some delay in picking.
+    For the week ended March 29, there were an estimated 77,000
+boxes of early and midseason and 945,000 boxes of late season
+oranges harvested, the USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17133" NEWID="11072">
+<DATE>30-MAR-1987 16:21:28.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2518&#31;reute
+b f BC-******RJR-NABISCO-TO   03-30 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RJR NABISCO TO CONTINUE STUDYING ROLE OF LTD PARTNERSHIP IN TOBACCO OPERATIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17134" NEWID="11073">
+<DATE>30-MAR-1987 16:22:15.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2520&#31;reute
+f f BC-******U.S.-SELLS-3-MO   03-30 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLS 3-MO BILLS AT 5.72 PCT, STOP 5.74 PCT, 6-MO 5.80 PCT, STOP 5.80 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17135" NEWID="11074">
+<DATE>30-MAR-1987 16:23:40.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2521&#31;reute
+u f BC-BASS-GROUP-EMERGES-AS   03-30 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASS GROUP EMERGES AS POSSIBLE TAFT&lt;TFB> BIDDERS</TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    New York, March 30 - </DATELINE><BODY>The Bass Group, once thought by
+analysts to be eager to sell its holdings in Taft Broadcasting
+Co, emerged as another potential bidder for the Ohio
+broadcasting company.
+    The Bass Group, which holds 24.9 pct of Taft, said it had
+talked with other taft stockholders and some company managers
+and directors "concerning participation in a group to acquire
+control" of the company.
+    The Bass group said it had talks with other Taft
+stockholders and members of Taft management about participating
+in a group to acquire control. The group, which is led by the
+wealthy bass brothers of Fort Worth, Texas, did not identify
+any of the other people with whom it had talks.
+    Taft said Friday it would negotiate with its vice Chairman
+Dudley Taft on his group's 150 dlr per share or 1.38 billion
+dlr offer for the company.
+    At the time, the company said it authorized its adviser,
+Goldman, Sachs and Co, to explore other takeover proposals and
+to supply financial data to other interested bidders.
+    "If indeed, the reason Dudley Taft is no longer president
+is because the bass group tossed him out, I couldn't see them
+backing him on any deal," said one analyst, who asked not to be
+identified.
+    "I think they wanted a way out. Now, this sounds like
+they're going to join the group and buy themselves out," said
+Edward Atorino, media analyst with Smith Barney, Harris Upham
+and Co.
+    Analysts have speculated that Carl Lindner may be
+interested in acquiring the company. they speculated he may be
+one of the shareholders in talks with the bass group.
+    Lindner, chairman of American Financial Corp, holds 16.2
+pct of Taft. He was not immediately available for comment.
+    Analysts have said they are baffled by the strength of
+Taft's stock price compared to what they see as breakup values
+for the company.
+    Several analysts had estimated a break up value of less
+than 150. One analyst said he believes it has a breakup value
+of 160 to 165 dlrs per share.
+    Taft stock closed at 156-1/2, up 1-3/4.
+    "They (investors) are saying here's another one - another
+family dispute," said Dennis McAlpine of Oppenheimer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17136" NEWID="11075">
+<DATE>30-MAR-1987 16:23:57.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2522&#31;reute
+u f BC-HUGHES'-U.S.-RIG-COUN   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES TOOL &lt;HT> U.S. RIG COUNT FALLS TO 748</TITLE>
+<DATELINE>    HOUSTON, March 30 - </DATELINE><BODY>Sharp cutbacks in drilling in Oklahoma
+and Kansas pushed the U.S. drilling rig count down by 36 to a
+total of 748, against 1,034 working rigs one year ago, Hughes
+Tool Co said.
+    The latest weekly count of rig activity reversed last
+week's gain of 23 rigs for a total of 784, which had been the
+first improvement in the drilling rig count this year.
+    "I have no explanation for the decline," said Hughes
+economist Ike Kerridge. "I think we're near the bottom of this
+year's rig count but the wet ground in northern and
+midcontinent states could affect the count in the next few
+weeks."
+    Among individual states, Oklahoma and Kansas reported
+declines of 16 and 11 working rigs last week. Texas lost seven
+and Michigan and Wyoming were each down by three rigs. Gains
+were reported in Louisiana and California, which increased by
+seven and six, respectively.
+    In Canada, the rig count dropped by 52 to a total of 131
+working rigs, against 222 one year ago. Kerridge attributed the
+steep drop to the government's annual springtime ban against
+rigs and other heavy equipment being transported over
+rain-softened highways.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17137" NEWID="11076">
+<DATE>30-MAR-1987 16:27:36.56</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2529&#31;reute
+u f BC-U.S.-TRADE-OFFICIAL-S   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TRADE OFFICIAL SAYS JAPAN ACTION FOOLISH</TITLE>
+<AUTHOR>    By Jacqueline Frank, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>A high level U.S. trade official
+said it would be foolish for Japan to strike back against the
+United States for its sanctions on Japanese semiconductor
+electronics products.
+    Asked by reporters if Japan was expected to retaliate
+against U.S. exports, Deputy Under Secretary of Commerce Bruce
+Smart replied, "That would be the height of foolishness."
+    In addition, he doubted Japan could show enough progress in
+meeting the conditions of the agreement to avoid the actual
+imposition of the 300 mln dlrs in tariffs on April 17.
+    Japan's 58.6 billion dlr trade surplus with the United
+States last year has come under fire in Congress concerned
+about the loss of jobs to foreign competition and with the
+record 169 billion dlrs U.S. trade deficit in 1986.
+    President Reagan's sanctions decision won praise today from
+the two Democratic leaders of Congress.
+    "I think it's about time," Senate Democratic Leader Robert
+Byrd of West Virginia told reporters. House Speaker Jim Wright
+of Texas told reporters before the opening of the House
+session, "It just shows we were right all along when we said
+something needs doing."
+    Smart testified before a Senate Labor Committee hearing
+that last Friday's U.S. trade action would help U.S.
+negotiations on access to Japan for U.S. auto parts.
+    Since last August Smart has been leading talks to open up
+Japan to purchases of more U.S.-made automotive parts. Last
+year, Japan racked up a 3.6 billion dlr trade surplus with the
+United States in these products.
+    Both countries expect to conclude the talks by August 1987.
+    "It's amazing to me that the Japanese were surprised. I
+hope it will persuade them we're serious," Smart said of the
+White House trade sanctions.
+    The United States has tried to convince Japanese car
+companies of the quality of American-made parts and to draw
+them away from their traditional Japanese suppliers.
+    "All we ask is a chance. We have a job to do persuading them
+we can do better than our reputation seems to be," he said.
+    Measured per car, each American-made car contained about
+700 dlrs in Japanese auto parts while each Japanese-made car
+contained about 26 dlrs in U.S. auto parts, Smart said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17138" NEWID="11077">
+<DATE>30-MAR-1987 16:34:47.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2543&#31;reute
+b f BC-******U.S.-TRANSPORTA   03-30 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TRANSPORTATION DEPARTMENT APPROVES AMERICAN AIRLINES-AIRCAL MERGER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17139" NEWID="11078">
+<DATE>30-MAR-1987 16:35:31.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2544&#31;reute
+u f BC-PAY-'N-PAK   03-30 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BILZERIAN UPS PAY 'N PAK &lt;PNP> STAKE TO 9.9 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Investor Paul Bilzerian, who has
+said he may seek control of Pay 'n Pak Stores Inc, said he
+raised his stake in the company to one mln shares, or 9.9 pct
+of the total, from 721,900 shares, or 7.2 pct.
+    In a filing with the Securities and Exchange Commission,
+Bilzerian and Bicoastal Financial Corp, a Tampa, Fla.,
+investment firm he controls, said they bought 278,000 shares of
+Pay 'n Pak common stock on March 26 and 27 at prices ranging
+from 13.29 to 17.04 dlrs a share.
+    Bilzerian last week said he was considering raising his
+stake in the company, seeking a board seat or control.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17140" NEWID="11079">
+<DATE>30-MAR-1987 16:35:50.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2545&#31;reute
+b f BC-******CYACQ-ENDS-TEND   03-30 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CYACQ ENDS TENDER FOR CYCLOPS, DIXONS AND AUDIO/VIDEO DISMISS LITIGATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17141" NEWID="11080">
+<DATE>30-MAR-1987 16:37:25.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2549&#31;reute
+u f BC-U.S.-BILL-AUCTION-RAT   03-30 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BILL AUCTION RATES AVERAGE 5.72, 5.80 PCT</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The U.S. Treasury said its weekly
+auction of bills produced an average rate of 5.72 pct for the
+three-month and 5.80 pct for six-month bills.
+    These rates compared with averages of 5.55 pct for each of
+the three- and six-month bills sold last week.
+    The bond-equivalent yield on three-month bills was 5.90
+pct. Accepted bids ranges from 5.70 pct to 5.74 pct and 14 pct
+of the bids at the high, or stopout rate, were taken. For six
+months, the yield was 6.07 pct and the bids were at 5.80 pct.
+    The Treasury said it received 24.9 billion dlrs of bids for
+the three-month bills, including 1.0 billion dlrs in
+non-competitive bids from the public. It accepted 6.4 billion
+dlrs of bids, including 2.0 billion dlrs from the Federal
+Reserve and 161 mln dlrs from foreign and international
+monetary authorities.
+    Some 28.0 billion dlrs in bids for six-month bills were
+received, including 780 mln dlrs in non-competitives. The
+Treasury accepted 6.4 billion dlrs, including 1.8 billion dlrs
+from the Fed and 1.1 billion dlrs from foreign and
+international authorities.
+    The average price for the three-month bills was 98.554 and
+prices ranged from 98.559 to 98.549.  The average price for the
+six-months bills was 97.068.
+    The average yield on the three-month bills was the highest
+since February 9, when it was also 5.72 pct. The average yield
+on the six-month bills was the highest since 5.89 pct on July
+28 last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17142" NEWID="11081">
+<DATE>30-MAR-1987 16:38:42.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2550&#31;reute
+u f BC-RJR-NABISCO-&lt;RJR>-SAY   03-30 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR NABISCO &lt;RJR> SAYS TOBACCO SPINOFF UNLIKELY</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., March 30 - </DATELINE><BODY>RJR Nabisco Inc said it is
+unlikely that it will spin off any of its tobacco operations
+into a master limited partnership in the "immediately
+foreseeable future."
+    But the company, which has said was studying proposals to
+transfer at least a portion of its tobacco business to a master
+limited partnership, said in a 10-K filing that it will
+continue "on an ongoing basis to study all aspects of the
+business, including the role, if any, of an MLP, with a view
+toward maximizing shareholder value."
+    F. Ross Johnson, president and chief operating officer,
+said in a statement, "After careful study, we concluded that
+the possible benefits of an MLP do not at this time justify the
+management time and attention that would have to be devoted to
+the transfer to a new and difficult operating structure."
+    In February, RJR Nabisco said it was studying a possible
+spinoff of its tobacco business to a master limited
+partnership. At that time, the company, which also has a large
+food business, said at that the tobacco business was not
+posting the same level of profits as its food operations.
+    A company spokesman said RJR Nabisco will evaluate  a range
+of options for the tobacco business other than the formation of
+a master limited partnership. He declined, however, to say what
+those options might be.
+    The spokesman also refused to elaborate on what factors
+went into the company's decision not to spinoff the tobacco
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17143" NEWID="11082">
+<DATE>30-MAR-1987 16:40:02.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2553&#31;reute
+d f BC-U.S.-FARM-DISASTER-BI   03-30 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM DISASTER BILL ATTRACTS AMENDMENTS</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Senators are considering offering a
+host of amendments to a farm disaster assistance bill which
+could come up soon on the Senate floor, staff members said.
+    The bill, already passed by the House, would enable 1987
+winter wheat and feedgrains farmers hit by Midwestern flooding
+last year to receive at least 92 pct of their federal income
+support payments even if they did not plant.
+    Amendments considered by Sen. Rudy Boschwitz (R-Minn.)
+would apply the so-called "0/92" option to all 1987 program crops
+or, if that failed, to spring wheat, Senate staff said.
+    Sens. Robert Dole (R-Kan.) and Charles Grassley (R-Iowa)
+were considering an amendment that would allow feedgrains
+producers to receive final deficiency payments in March instead
+of in October.
+    Earlier this year Dole said advancing the final deficiency
+payments would provide feedgrains producers with approximately
+three billion dlrs in income payments prior to spring planting
+instead of in the fall.
+    Dole and Grassley are also considering an amendment that
+would offer a two dlr per bushel bonus payment to corn farmers
+for any erodible cropland they enrolled in the conservation
+reserve program last year.
+    The bonus payment has been offered to farmers signing up
+for the corn program this spring. The U.S. Agriculture
+Department has indicated it would oppose broadening the corn
+bonus offer.
+    Sen. Larry Pressler (R-S.D.) was said to be contemplating
+an amendment that would offer the 0/92 option to spring wheat
+producers who were prevented from planting this spring because
+of flooding last year.
+    Sen. David Boren (D-Okla.) was eyeing a measure that would
+allow cotton producers to receive disaster aid if the quality
+of their crop was hurt by flooding last year.
+    Democrats and Republicans today were still trying to arrive
+at an agreement governing time to be devoted to amendments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17144" NEWID="11083">
+<DATE>30-MAR-1987 16:42:04.68</DATE>
+<TOPICS><D>interest</D><D>gnp</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2559&#31;reute
+r f BC-FED'S-POLICY-EASE-MAY   03-30 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S POLICY EASE MAY END WITH 2ND QTR RATE CUT</TITLE>
+<AUTHOR>    By Martin Cherrin, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>The Federal Reserve's move to easier
+monetary policy, begun with four quick half-point discount rate
+cuts in 1986, will likely end with a final rate drop in the
+second quarter, analysts said.
+    A poll of 10 economists shows most expect interest rates to
+edge lower, with the Fed likely to drop its basic lending rate
+from 5-1/2 pct late next quarter to help the economy.
+    "The Fed is not likely to ease policy much further without
+a full-blown recession," said Raymond Stone, chief financial
+economist at Merrill Lynch Capital Markets.
+    Stone said economic data available by late June may be just
+weak enough to prompt one more discount rate cut. But he said
+it may only be a quarter-point drop instead of the usual half
+point, to avoid hurting the dollar further.
+    All of the economists agreed that the Federal Open Market
+Committee tomorrow will leave Fed policy unchanged.
+    The average forecast of those surveyed projects roughly
+quarter-point drops by the end of June in both the Treasury
+bond yield, to 7-1/2 pct, and the Federal funds rate at which
+banks lend to one another, to 5-7/8 pct. Most expect the prime
+lending rate at major banks to remain at 7-1/2 pct.
+    Other broad predictions of the survey, relating mainly to
+the April-June quarter, follow:
+    - The dollar is likely to decline five to 10 pct further
+against other major currencies because of a large U.S. budget
+deficit and a wide, but narrowing, trade gap. Contacted after
+the dollar's steep drop in the last two business days, the
+economists reaffirmed this view but stressed the risk is that
+the dollar will fall more, rather than less, than they expect.
+    - Oil prices in the second quarter are likely to continue
+trading roughly between 16 and 19 dlrs a barrel and could well
+test the lower end of that range.
+    - Stocks will continue to outperform bonds next quarter and
+probably for all of 1987. Stocks should gain on strong
+foreign demand and a modest second-half economic rise. The
+outlook for bonds also is less favorable later in the year
+since both inflation and interest rates may be edging up.
+    - Inflation as measured by the GNP implicit price deflator
+will rise to around 3.3 pct this year from 2.7 pct in 1986. The
+sharp fall in the dollar to date will add to inflation, as will
+a mild economic pickup in the second half of this year.
+    - U.S. real gross national product, which grew at a two pct
+annual rate in the 1986 second half, should expand at
+respective rates of about 2.3 pct and 2.5 pct in the 1987 first
+and second halves. First-quarter growth is put at a 2.4 pct
+annual
+rate, slowing to 2.1 pct next quarter.
+    Robert Brusca of Nikko Securities Co International sees
+both the strongest economy and the highest interest rates among
+those surveyed. He expects real GNP, which grew at a 1.1 pct
+rate in fourth-quarter 1986, to expand at a 3.3 pct rate this
+quarter and 3.5 pct next quarter.
+    "The economy will bounce back more strongly than many
+expect," Brusca said. He said an involuntary buildup in
+inventories, largely in autos, will add to first-quarter
+economic growth, with consumer spending helping later.
+    "We're running out of special factors to keep the economy
+afloat," said Philip Braverman of Irving Securities Corp. His
+interest rate and economic forecasts were among the lowest.
+    Braverman said tax law changes and inventory accumulation
+helped lift fourth and first quarter GNP growth, respectively.
+He expects 2.5 pct first quarter growth but said that second
+quarter growth could be zero or negative.
+    Braverman said economic activity next quarter will suffer
+from a paring of inventories, lower capital investment, slow 
+government spending and less construction. Only a marginally
+narrower trade deficit will add to growth.
+    He sees a 7.10 pct end-of-June yield on Treasury bonds,
+with Federal funds and prime rates at 5.50 and seven pct,
+respectively. Nikko's Brusca projects rates of 8.25 pct for
+bonds, 6.15 pct for funds and 7.75 pct for the prime rate.
+    Two of the 10 economists revised rate forecasts up mildly
+after the dollar's fall to 40-year lows versus the yen in past
+days and news of pending U.S. trade sanctions against Japan.
+    David Resler of Nomura Securities Co International Inc
+raised his end-June bond yield forecast to 7.50 pct from 7.20
+pct and a Fed funds rate estimate to six pct from 5.80 pct.
+    Raul Nicho, president of Money Market Services Inc, lifted
+his forecast of bond and Fed funds rates an eighth of a point
+to eight pct for bonds and 6-1/4 pct for funds. Both Nicho and
+Resler left their end-June prime rate forecast at 7-1/2 pct.
+    The higher rate forecasts reflected a belief that Japanese
+investors will be less eager to buy U.S. bonds because of fear
+about further dollar erosion and perhaps in response to U.S.
+trade sanctions. Yields may have to rise to lure other buyers.
+......END-JUNE U.S. INTEREST RATE FORECASTS....
+....................T-bonds..Fed funds..Prime..
+Nikko Securities.....8.25......6.15......7.75..
+Money Mkt Services...8.00......6.25......7.50..
+Discount Corp........7.75......6.25......7.50..
+Merrill Lynch........7.30......5.75......7.50..
+Bankers Trust........7.25......5.50......7.50..
+Wells Fargo Bank.....7.30......5.60......7.00..
+Irving Securities....7.10......5.50......7.00..
+Dean Witter..........7.00......5.50......7.00..
+.FORECAST AVERAGE....7.50......5.875.....7.50..
+.CURRENT LEVELS......7.80......6.125.....7.50..
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17145" NEWID="11084">
+<DATE>30-MAR-1987 16:47:03.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2572&#31;reute
+r f PM-COMMUNITY-FARM   03-30 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS DIFFER WIDELY ON FARM PRICE PLAN</TITLE>
+<AUTHOR>    By Gerrard Raven, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, March 30 - </DATELINE><BODY>European Community (EC) agriculture
+ministers gave widely diverging reactions to EC executive
+Commission proposals for a radical reduction of guaranteed
+prices for the EC's 12 mln farmers.
+    The plans, which could cut the price received by farmers by
+over 10 pct in many cases, were dismissed by West German
+minister Ignaz Kiechle as in part unacceptable and in part not
+even a basis for negotiation, diplomatic sources said.
+    At the other end of the scale, Britain's Michael Jopling
+said for some products they did not go far enough to reduce the
+massive spending on the EC's farm policy, the major factor
+which has brought the Community close to a budget crisis.
+    Ministers discussed the Commission's 1987-88 farm price
+proposals for the first time and the sources said negotiations
+could last several months yet.
+    Belgian minister Paul de Keersmaeker, who is chairing the
+meeting, told his colleagues he would not even attempt to reach
+agreement at the current meeting which is due to end Tuesday
+although prices are supposed to be agreed by April 1.
+    The disagreement among ministers reflects deep divisions
+among member states about the future of the EC's farm policy
+which swallows about two-thirds of the annual 36 billion
+European Currency Unit (41 billion dollar) budget.
+    Kiechle, backed generally by his French, Italian and
+several other colleagues, believes sacrifices by traditional
+family farmers must be kept to a minimum in order to maintain
+viable rural communities in Europe.
+    Jopling, with some support from the Netherlands and
+Denmark, on the whole backs proposals by EC farm commissioner
+Frans Andriessen to cut guaranteed prices and reduce the
+opportunities for sales of surplus products into EC stores.
+    He believes the system which allows such sales nominally as
+a last resort has become abused, resulting in huge stocks and
+damaging trade tensions with other major world food exporters.
+    Jopling told journalists it was now costing the EC 2,000
+Ecus a hectare (920 dlrs an acre) to subsidise cotton
+production and double that figure for the growing of certain
+types of tobacco.
+    Opening yesterday's debate, Andriessen accused officials of
+some EC states of ignoring realities. "They give the impression
+of living on another planet where there are no surpluses, no
+budgetary deficits and no budgetary discipline for farm
+spending," he said.
+    One Andriessen scheme for closing the budget gap could
+already be doomed, diplomats said.
+    He wants to raise two billion Ecus (2.28 billion dlrs)
+through a tax on EC produced and imported oilseeds which has
+already raised hackles in Washington because of fears of the
+impact on U.S. soybean exports.
+    Jopling said earlier enough EC states appear opposed to
+this scheme to block its adoption provided they all stand firm
+in the lengthy negotiations ahead on the Commission proposals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17146" NEWID="11085">
+<DATE>30-MAR-1987 16:49:19.53</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2577&#31;reute
+r f BC-LOUISIANA-WEEKLY-CROP   03-30 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUISIANA WEEKLY CROP REPORT</TITLE>
+<DATELINE>    Alexandria, March 30 - </DATELINE><BODY>The Louisiana weekly USDA state crop
+report said there were 2.4 days suitable for fieldwork.
+    Soil moisture supplies rated 41 pct adequate and 59 pct
+surplus.
+    Winter Wheat - fair to good condition. eight pct headed vs
+27 pct a year ago and 17 pct average.
+    Corn - eight pct planted vs 64 pct a year ago and 51 pct
+average. two pct emerged vs 45 y/a and 23 avg.
+    Spring Plowing - seventeen pct completed vs 66 pct a year
+ago and 48 pct avg.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17147" NEWID="11086">
+<DATE>30-MAR-1987 16:52:06.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2587&#31;reute
+r f BC-SERVICE-RESOURCES-&lt;SR   03-30 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVICE RESOURCES &lt;SRC> UNIT SETS PURCHASE</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Service Resources Corp's Chas. P.
+Young Co subsidiary said it agreed to acquire Atwell Fleming
+Printing Ltd, a Canadian financial printer, for about 3.2 mln
+dlrs.
+    Young said the acquisition, which is expected to close in
+April, is subject to due dilligence review.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17148" NEWID="11087">
+<DATE>30-MAR-1987 16:52:34.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2588&#31;reute
+r f BC-LLE-ROYALTY-&lt;LRT>-SET   03-30 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLE ROYALTY &lt;LRT> SETS MONTHLY PAYOUT</TITLE>
+<DATELINE>    HOUSTON, March 30 - </DATELINE><BODY>LL and E Royalty Trust said its monthly
+dividend, for January, to unitholders will be 8.37 cts per unit
+payable April 15 to holders of record April six.
+    As previously reported, pending a ruling from the Internal
+Revenues Service, the trust's distribution may be reduced by
+1.09 dlr per unit, plus interest, spread out over the life of
+the productive properties in which the trust has an interest.
+    LLE said the working interest owner, to which the IRS sent
+a notice about a deficiency in the owner's 1983 tax return, is
+evaluating the necessity of escrowing some funds, which would
+significantly reduce royalties paid to the trust.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17149" NEWID="11088">
+<DATE>30-MAR-1987 16:52:52.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2590&#31;reute
+r f BC-GENOVA-&lt;GNVA>-TO-MERG   03-30 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENOVA &lt;GNVA> TO MERGE INTO GENOVA PRODUCTS</TITLE>
+<DATELINE>    DAVISON, Mich., March 30 - </DATELINE><BODY>Genova Inc said its shareholders
+approved a merger into &lt;Genova Products Inc>, which will be
+consumated within a few days. Under the agreement, Genova said
+each of its shareholders will receive 5.375 dlrs per share in
+cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17150" NEWID="11089">
+<DATE>30-MAR-1987 16:53:09.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2592&#31;reute
+r f BC-COLUMBIA-GAS-&lt;CG>-IN   03-30 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLUMBIA GAS &lt;CG> IN SINKING FUND REDEMPTION</TITLE>
+<DATELINE>    WILMINGTON, Del., march 30 - </DATELINE><BODY>Columbia Gas System INc said
+that on June 1 it will redeem 1.4 mln dlrs principal amount of
+its 9-7/8 pct debentures, series due June 1999, to meet
+mandatory sinking fund requirements.
+    The debentures w, issued in 1974, will be redeemed at a
+price equal to 100 pct of the principal amount plus accrued
+interest.
+    Following redemption, 27.4 mln dlrs of the debentures will
+be outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17151" NEWID="11090">
+<DATE>30-MAR-1987 16:53:15.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2593&#31;reute
+r f BC-IMPERIAL-BANCORP-&lt;IBA   03-30 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMPERIAL BANCORP &lt;IBAN> SETS FIVE PCT DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELES, March 30 - </DATELINE><BODY>Imperial Bancorp said it declared a
+five pct stock dividend, payable May 29 to shareholders of
+record April 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17152" NEWID="11091">
+<DATE>30-MAR-1987 16:53:24.37</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>sorghum</D><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2594&#31;reute
+u f BC-TEXAS-WEEKLY-CROP-REP   03-30 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS WEEKLY CROP REPORT</TITLE>
+<DATELINE>    AUSTIN, March 30 - </DATELINE><BODY>The Texas weekly USDA state crop report
+said stormy winter weather limited fieldwork before conditions
+improved later in the week.
+    A snowstorm caused some cattle deaths in the Panhandle, and
+cold, wet weather covered many areas. Windy weather followed to
+dry fields and limit planting delays.
+    Small grains made good progress despite cool temperatures
+which slowed growth. Additional moisture was needed in some
+areas. Many fields were booting and some were beginning to
+head. Wheat was rated 16 pct fair, 56 pct good and 28 pct
+excellent.
+    Corn and sorghum planting progressed, and land preparation
+was ahead of schedule in the Plains despite snowy weather.
+Cotton planting progressed in the Lower Valley.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17153" NEWID="11092">
+<DATE>30-MAR-1987 16:53:32.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2595&#31;reute
+r f BC-MARRIOTT-&lt;MHS>-FRANCH   03-30 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARRIOTT &lt;MHS> FRANCHISEES FORM MANAGEMENT CO</TITLE>
+<DATELINE>    DUBLIN, Calif., March 30 - </DATELINE><BODY>The 102 owners of Straw Hat
+Pizza Restaurant franchises said in a joint statement that they
+are forming a management corporation to assume complete control
+of their own operations.
+    The group said terms of an arrangement with the francisor,
+Marriott Corp, call for Marriott to pay the new cooperative 
+corporation 3.5 mln dlrs to fund initial operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17154" NEWID="11093">
+<DATE>30-MAR-1987 16:54:03.65</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2598&#31;reute
+r f BC-ARKLA-&lt;ALG>-PROPOSAL   03-30 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARKLA &lt;ALG> PROPOSAL TO SETTLE DISPUTE</TITLE>
+<DATELINE>    LITTLE ROCK, Ark., March 30 - </DATELINE><BODY>Arkla Inc said it and
+International Paper Co &lt;IP> filed a proposal with the Arkansas
+Public Service Commission designed to resolve the dispute
+between the two over IP's plan to build natural gas pipelines
+for its paper mill facilities at Pine Bluff and Camden.
+    Arkla's pipeline division, Arkla Energy Resources,
+currently delivers all of the natural gas consumed at the two
+mills.
+    Under the proposal, Arkla will support IP's plan to build
+the alternate pipelines, while IP will allow Arkla's pipeline
+division to deliver an equal quantity of competitively priced
+supplies to other IP facilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17155" NEWID="11094">
+<DATE>30-MAR-1987 16:54:20.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2600&#31;reute
+d f BC-BASIC-AMERICAN-&lt;BAMI>   03-30 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASIC AMERICAN &lt;BAMI> NOTE ISSUE CANCELED</TITLE>
+<DATELINE>    INDIANAPOLIS, March 30 - </DATELINE><BODY>Basic American Medical Inc said a
+proposed 82 mln dlr note issue will not take place "at this
+time."
+    The company announced on Jan 5, 1987 that it received a
+proposal from Irving Trust Co under which Irving would issue
+its direct pay letter of credit for up to 83.5 mln dlrs to
+secure the proposed note.
+    Basic American also said it engaged the Health Care Capital
+Market Groups of Thomson McKinnon Securities Inc to act as
+investment banker in placement of its proposed notes. The
+company said it will continue to pursue actively the proposed
+note issue and will seek alternative financing in place of the
+note issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17156" NEWID="11095">
+<DATE>30-MAR-1987 16:54:40.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2602&#31;reute
+d f BC-SERVICE-RESOURCES-&lt;SR   03-30 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVICE RESOURCES &lt;SRC> UNIT IN ACQUISITION</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Chas. P. Young Co, a subsidiary of
+Service Resources Corp, said it signed a definitive agreement
+to acquire Atwell Fleming Printing Ltd, of Canada, for about
+3.2 mln dlrs.
+    The transaction is expected to close in April.
+    ON February 23, Chas. P. Young said it had aquired 19.05
+pct of the shares of Sorg INc &lt;SRG> to facilitate a newgotiated
+business combination.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17157" NEWID="11096">
+<DATE>30-MAR-1987 16:54:56.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2604&#31;reute
+h f BC-HYBRITECH-&lt;HYBR>-ASKS   03-30 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYBRITECH &lt;HYBR> ASKS FOR REVIEW OF ITS PATENT</TITLE>
+<DATELINE>    SAN DIEGO, CALIF., March 30 - </DATELINE><BODY>Hybritech Inc said the U.S.
+Supreme Court denied a petition by Monoclonal Antibodies Inc
+asking the court to review the validity of a Hybritech patent.
+    The patent covers a method of using monoclonal antibodies
+in certain immunoassay tests to detect and monitor conditions
+such as pregnancy, cancer and infectious disease.
+    Hybritech sued Monoclonal in March 1984 for infringement of
+its patent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17158" NEWID="11097">
+<DATE>30-MAR-1987 16:55:01.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2605&#31;reute
+w f BC-SUNGARD-&lt;SNDT>-IN-4.8   03-30 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNGARD &lt;SNDT> IN 4.8 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WAYNE, Pa., March 30 - </DATELINE><BODY>SunGard Data Systems INc said its
+Investment Systems division received a 4.8 mn dlrs software
+development contract from Bankers Trust Co.
+    The contract calls for two-year development of a
+comprehensive employee benefit plan administration system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17159" NEWID="11098">
+<DATE>30-MAR-1987 16:55:04.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2606&#31;reute
+s f BC-AEC-INC-&lt;AECE>-SETS-R   03-30 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEC INC &lt;AECE> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    ELK GROVE VILLAGE, Ill., March 30 -
+    </DATELINE><BODY>Qtrly div eight cts vs eight cts prior
+    Pay April 30
+    Record April 8
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17160" NEWID="11099">
+<DATE>30-MAR-1987 17:00:00.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f2619&#31;reute
+u f BC-TIME-&lt;TL>-UNIT-TO-RED   03-30 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIME &lt;TL> UNIT TO REDEEM 100 MLN DLRS IN NOTES</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Time Inc said its wholly-owned
+subsidiary, Time-Life Overseas Finance Corp, NV, has called for
+redemption of all 100 mln dlrs in principal amount of its
+10-3/4 pct guaranteed notes due January 26, 1990.
+    The redemption date is May 5, 1987, it said. The notes will
+be redeemed at 101.5 pct of their principal amount, plus
+accrued interest through the redemption date.
+    Time said after the redemption date, interest on the notes
+will cease to accrue and any coupons attached to the notes
+maturing subsequent to the redemption date will be void.
+    The company said it is redeeming these notes as part of its
+continuing effort to reduce the average cost of its debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17161" NEWID="11100">
+<DATE>30-MAR-1987 17:01:19.82</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f2624&#31;reute
+r f BC-shell-canada   03-30 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL CANADA SCHEDULES ANNUAL REFINERY SHUTDOWN</TITLE>
+<DATELINE>    CALGARY, Alberta, March 30 - </DATELINE><BODY>Shell Canada Ltd, 72 pct owned
+by Royal Dutch/Shell Group &lt;RD> &lt;ST>, scheduled its annual
+maintenance refinery shutdowns during the next two months,
+company spokeswoman Judy Wish said.
+    Wish said refineries will stockpile production before the
+shutdowns to maintain normal supply while maintenance is
+carried out.
+    Production at Shell's major refinery at Strathcona Alberta,
+will be closed for about one month, Wish said.
+    There will be no layoffs associated with the refinery
+maintenance, she added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17162" NEWID="11101">
+<DATE>30-MAR-1987 17:01:43.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2625&#31;reute
+u f BC-DIXONS-GROUP,-AUDIO/V   03-30 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIXONS GROUP, AUDIO/VIDEO &lt;AVA> END LITIGATION</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Dixons Group PLC said that pursuant to
+an agreement with Audio/Video Affiliates Inc, part of an
+investor group that made a rival bid for Cyclops Corp &lt;CYL>,
+all litigation between them has been dismissed.
+    As part of the agreement, Dixons said Cyacq Corp, the
+Audio/Video investor group that includes Citicorp Capital
+Investors Ltd, agreed to "promptly" terminate its existing
+tender offer for all outstanding Cyclops common at 92.50 dlrs
+per share.
+    Dixons said it agreed to pay an additional 4.75 dlrs per
+share, or 95 dlrs per share, to each shareholder whose shares
+were purchased under its offer for Cyclops at 90.25 dlrs per
+share.
+    On Friday, Dixons announced that it had increased its
+holdings in Cyclops Corp to about 83 pct of the currently
+outstanding shares and that it intended to increase to 95 dlrs
+from 90.25 dlrs the amount per share paid in the merger of a
+Dixons subsidiary with Cyclops.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17163" NEWID="11102">
+<DATE>30-MAR-1987 17:01:59.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2627&#31;reute
+u f BC-U.S.-DOT-APPROVES-AME   03-30 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DOT APPROVES AMERICAN &lt;AMR>-ACI &lt;ACF> PACT</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The U.S. Department of
+Transportation (DOT) said it gave final clearance to the
+proposed 225 mln dlr acquisition of AirCal Inc by American
+Airlines Inc.
+    "The acquisition is not likely to substantially lessen
+competition or to be inconsistent with the public interest," the
+DOT said in a statement.
+    AirCal is a unit of ACI Holdings Inc while American is a
+unit of AMR Corp.
+    The DOT had given tentative approval to the merger plan
+Feb. 20.
+    American is the third largest U.S. airline in terms of
+revenue passenger miles while AirCal--a relatively small
+carrier that primarily serves West Coast cities--is the
+nation's 17th largest passenger carrier. Their merger would not
+alter American's third-place ranking, according to data
+compiled by Aviation Daily, a leading industry trade magazine.
+    The combination would incrase American's share of the U.S.
+market to 15.4 pct from its current 14.7 pct, the DOT said.
+    The DOT said the merger was unlikely to substantially
+reduce competition on the four routes on which both carriers
+provide either nonstop or single-plane service.
+    At 13 of the 14 terminals served by both carriers, the DOT
+said it found no evidence that other carriers could not
+increase or begin service that competed with a merged
+American-AirCal.
+    Concerning the 14th, "While entry may not be possible at the
+Orange County Airport in the near future, DOT found that the
+service provided at other airports in the Los Angeles area,
+especially at the Los Angeles International Airport, will
+provide effective competition for Orange County travelers in
+long-haul markets," the DOT said.
+    The merger would give American control of 37 pct of the
+authorized takeoff and landing slots at the Orange County
+terminal, where environmental concerns and a small terminal
+building limit future opportunities for expansion.
+    The DOT said the Air Line Pilots Association filed comments
+opposing the merger but "raised no new facts or arguments."
+    Under the merger terms, announced Nov. 17, American will
+pay 15 dlrs a share for the outstanding stock of ACI Holdings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17164" NEWID="11103">
+<DATE>30-MAR-1987 17:03:12.41</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2632&#31;reute
+u f BC-U.S.-CREDIT-MARKETS-E   03-30 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKETS END UNDER EXTREME PRESSURE</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>The U.S. credit market ended under
+extreme pressure as the dollar's continued slide on the
+currency markets triggered an avalanche of U.S. securities
+sales, pushing prices to 1987 lows, dealers and analysts said.
+    "This was a bloodbath," said one money market economist.
+"We've been trading in a state of total panic at times today,"
+said another.
+    Mirroring the dollar's fall to a 40-year low against the
+yen, the key 7-1/2 pct 30-year Treasury bond price fell nearly
+two points to close at 96-7/32, compared with 98-5/32 on
+Friday. The corresponding yield jumped to 7.83 pct from 7.66.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17165" NEWID="11104">
+<DATE>30-MAR-1987 17:04:41.27</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2633&#31;reute
+r f BC-STEEL-TECHNOLOGIES-&lt;S   03-30 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEEL TECHNOLOGIES &lt;STTX>, MITSUI SET VENTURE</TITLE>
+<DATELINE>    LOUISVILLE, March 30 - </DATELINE><BODY>Steel Technologies Inc said it
+agreed to form a 50-50 joint venture with &lt;Mitsui and Co Ltd>
+to make steel products.
+    The venture, called Mi-Tech Steel Inc, will be set up to
+serve Japanese and domestic automobile and appliance parts
+makers in the U.S.
+    A plant will be located near Murfreesboro, Tenn., and
+production is expected to begin in the fall 1987, the company
+said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17166" NEWID="11105">
+<DATE>30-MAR-1987 17:06:21.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2635&#31;reute
+r f BC-INLAND-VACUUM-&lt;IVAC>   03-30 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INLAND VACUUM &lt;IVAC> SETS STOCK SPLIT</TITLE>
+<DATELINE>    UPPER SADDLE RIVER, March 30 - </DATELINE><BODY>Inland Vacuum Inc said is
+board proposed a two-for-one stock split payable to
+shareholders of record April 30.
+    The board also elected Phillip Frost chairman, succeeding
+John Durkin, who remains president and chief executive officer.
+Frost in early February bought 49 pct of the company, Durkin
+said.
+    Stockholders at the annual meeting approved a measure to
+change the company's name to IVACO Industries Inc. Five new
+directors were also elected to the company's board. Durkin was
+re-elected to the board, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17167" NEWID="11106">
+<DATE>30-MAR-1987 17:06:57.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2637&#31;reute
+r f BC-JOHNSON-PRODUCTS-INC   03-30 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSON PRODUCTS INC &lt;JPC> 2ND QTR FEB 28 LOSS</TITLE>
+<DATELINE>    CHICAGO, March 30 -
+    </DATELINE><BODY>Shr loss three cts vs loss 39 cts
+    Net loss 115,000 vs loss 1,544,000
+    Rev 6.9 mln vs 7.3 mln
+    Six months
+    Shr profit four cts vs loss 44 cts
+    Net profit 141,000 vs loss 1,772,000
+    Rev 13.9 mln vs 14.5 mln
+    NOTE: Net includes loss from discontinued operations of
+78,000 dlrs, or two cts a share, versus 597,000, or 15 cts a
+share in the prior 2nd qtr.
+    Six months net includes gain from discontinued operations
+of 104,000 dlrs, or three cts a share, versus a loss of 588,000
+dlrs, or 15 cts a share, in the prior six months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17168" NEWID="11107">
+<DATE>30-MAR-1987 17:08:02.18</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2639&#31;reute
+r f BC-STEEL-TECHNOLOGIES-&lt;S   03-30 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEEL TECHNOLOGIES &lt;STTX> IN JOINT VENTURE</TITLE>
+<DATELINE>    LOUISVILLE, Ky., March 30 - </DATELINE><BODY>Steel Technologies Inc said it
+signed an agreement with Mitsui and Co Ltd &lt;MITSY> and its
+subsidiaries to establish a joint venture corporation to be
+called Mi-Tech Steel Inc.
+    Mitsui, through its subsidiaries, Mitsui and Co USA Inc and
+Mitsui Steel Development Co Inc, and Steel Technologies each
+will own 50 pct of the new company, the company said.
+    Mi-tech Steel will construct, own and operate steel service
+centers. The facilities will be established to serve Japanese
+and domestic automobile and appliance parts manufactures in the
+U.S., the company said.
+    The initial processing center will be located near
+Murfreesboro, Tenn., and is expected to begin operations in the
+fall of 1987, Steel Technologies said.
+    Daryl Elser, president of Steel Technologies, will be
+president of the new company, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17169" NEWID="11108">
+<DATE>30-MAR-1987 17:11:43.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2646&#31;reute
+u f BC-SALLIE-MAE-ANNOUNCES   03-30 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALLIE MAE ANNOUNCES AUSTRALIAN DLR NOTE OFFER</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The Student Loan Marketing
+Association announced an offering of Australian 100 mln dlrs
+(approx. U.S. 70 mln) in two-year fixed rate notes priced at
+par and bearing interest at 14 pct per annum.
+    Sallie Mae said semiannual interest payments and principal
+at maturity will be paid in Australian dollars, adding it will
+enter into a separate currency and interest exchange agreement
+to convert its payment obligations to U.S. dollars.
+    The notes, offered in U.S. capital markets by Salomon
+Brothers Inc, are due April 14, 1989, and are for settlement
+April 14 with the first interest payment being made Oct 14.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17170" NEWID="11109">
+<DATE>30-MAR-1987 17:16:10.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2658&#31;reute
+r f BC-MAYNARD-OIL-CO-&lt;MOIL>   03-30 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAYNARD OIL CO &lt;MOIL> YEAR LOSS</TITLE>
+<DATELINE>    DALLAS, March 30 -
+    </DATELINE><BODY>Oper shr loss 44 cts vs profit 58 cts
+    Oper net loss 2.7 mln vs profit four mln
+    Revs 13.3 mln vs 28.4 mln
+    Avg shrs 6.1 mln vs seven mln
+    NOTE: Prior year excludes extraordinary gain of 21 cts per
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17171" NEWID="11110">
+<DATE>30-MAR-1987 17:19:01.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2669&#31;reute
+r f BC-SECURITY-TAG-SYSTEMS   03-30 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY TAG SYSTEMS &lt;STAG> GETS RECORD ORDER</TITLE>
+<DATELINE>    ST PETERSBURG, Fla., March 30 - </DATELINE><BODY>Security Tag Systems Inc
+said its British-based affiliate received a three mln dlr order
+of electronic article surveillance equipment, the largest in
+the company's history.
+    It said it received the order from a British chain of
+speciality clothing stores.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17172" NEWID="11111">
+<DATE>30-MAR-1987 17:19:24.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2670&#31;reute
+d f BC-KANSAS-GAS-AND-ELECTR   03-30 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS GAS AND ELECTRIC CO &lt;KGE> FEBRUARY NET</TITLE>
+<DATELINE>    WICHITA, Kan., March 30 -
+    </DATELINE><BODY>Shr 13 cts vs 5 cts
+    Net 5,568,319 vs 2,968,437
+    Rev 36.5 mln vs 34.0 mln
+    12 months
+    Shr 1.60 dlrs vs 1.79 dlrs
+    Net 72,865,101 vs 85,198,853
+    Rev 521.3 mln vs 420.3 mln
+    NOTE: Twelve months includes the cumulative effect of a
+change in accounting methods for accruing unbilled revenues of
+11.4 mln dlrs, or 28 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17173" NEWID="11112">
+<DATE>30-MAR-1987 17:19:40.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2671&#31;reute
+d f BC-&lt;journey's-end-motel   03-30 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;JOURNEY'S END MOTEL CORP> SIX MTHS JAN 31 NET</TITLE>
+<DATELINE>    Toronto, March 30 -
+    </DATELINE><BODY>Shr 13 cts vs 14 cts
+    Net 1,329,000 vs 1,054,000
+    Revs 20.7 mln vs 11.4 mln
+    Avg shrs 10,100,000 vs 7,500,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17174" NEWID="11113">
+<DATE>30-MAR-1987 17:21:30.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2675&#31;reute
+r f BC-NEOAX-&lt;NOAX>-BUYS-REX   03-30 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEOAX &lt;NOAX> BUYS REXNORD &lt;REX> UNIT</TITLE>
+<DATELINE>    LAWRENCEVILLE, N.J., March 30 - </DATELINE><BODY>Neoax Inc said it bought
+Rexnord Inc's Fairfield Manufacturing Co for 70.5 mln dlrs
+cash.
+    The unit makes custom gears for industrial use and had
+sales of 84 mln dlrs in its Oct. 31, 1986 fiscal year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17175" NEWID="11114">
+<DATE>30-MAR-1987 17:23:47.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2680&#31;reute
+r f AM-WARNER   03-30 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER OWNER SENTENCED IN OHIO THRIFT COLLAPSE</TITLE>
+<DATELINE>    CINCINNATI, March 30 - </DATELINE><BODY>Marvin Warner, a former U.S.
+ambassador to Switzerland, was sentenced to 3-1/2 years in jail
+for his role in a bank failure that led to the worst banking
+crisis in Ohio's history.
+    He owned the Home State Savings Bank of Cincinnati at the
+time of its March 9, 1985, collapse following more than 143 mln
+dlrs in loses.
+    Warner and two other bank officials were charged with 82
+counts of misapplying the bank's funds by transferring them to
+ESM Government Securities Inc., of Florida without the
+authorization of the bank's board.
+    ESM collapsed in March of 1985, taking Home State -- its
+biggest investor -- down with it.
+    Home State's failure wiped out the reserves of its insurer,
+the Ohio Deposit Guarantee Fund, a state regulated institution
+that was not federally insured. That prompted a run on dozens
+of other savings and loan associations across the state which
+were insured by the same fund, forcing some of them to close
+until they obtained federal deposit insurance.
+    Warner was ambassador to Switzerland during the Carter
+administration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17176" NEWID="11115">
+<DATE>30-MAR-1987 17:25:34.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2685&#31;reute
+d f BC-&lt;r.l.-crain-inc>-4th   03-30 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;R.L. CRAIN INC> 4TH QTR NET</TITLE>
+<DATELINE>    OTTAWA, March 30 -
+    </DATELINE><BODY>Shr 80 cts vs 79 cts
+    Net 4,212,000 vs 4,142,000
+    Sales 111.1 mln vs 107.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17177" NEWID="11116">
+<DATE>30-MAR-1987 17:26:56.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2687&#31;reute
+d f BC-MIDAM-EXCHANGE-MOVES   03-30 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDAM EXCHANGE MOVES TO CBT FLOOR, EXPANDS HOURS</TITLE>
+<DATELINE>    CHICAGO, March 30 - </DATELINE><BODY>The MidAmerica Commodity Exchange
+(MIDAM) moved from the former Chicago Mercantile Exchange floor
+to a room off the main trading floors of the Chicago Board of
+Trade (CBT) today and expanded trading hours for Treasury-bond
+futures to 0720 to 1515 CST.
+    CBT bond futures continue to trade from 0800 to 1400 CST.
+    The MIDAM was founded last century as the Chicago Open
+Board of Trade as a grain exchange and has since expanded to
+include smaller contracts of livestock, currencies, metals and
+financial futures.
+    MIDAM traders said the new CBT facilities worked well
+today, offering more inter-market spread opportunities in two
+trading pits than on the old floor which they believed was too
+large for the volume of trade.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17178" NEWID="11117">
+<DATE>30-MAR-1987 17:31:08.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2690&#31;reute
+r f BC-TIMES-MIRROR-&lt;TMC>-SE   03-30 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIMES MIRROR &lt;TMC> SELLS TIMBERLANDS</TITLE>
+<DATELINE>    LOS ANGELES, March 30 - </DATELINE><BODY>Times Mirror Co said it completed
+the sale of 26,000 acres of timberlands located in Washington
+and Oregon to &lt;Fibre Co>.
+    Terms were not disclosed.
+    The company said the sale was part of its ongoing program
+to divest its timberland holdings in the Pacific Northwest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17179" NEWID="11118">
+<DATE>30-MAR-1987 17:36:39.53</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2696&#31;reute
+u f BC-EXXON-(XON)-SEES-SYNF   03-30 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON (XON) SEES SYNFUELS ROLE BY YEAR 2000</TITLE>
+<DATELINE>    HOUSTON, March 30 - </DATELINE><BODY>Development of costly shale oil,
+liquified coal and other kinds of synthetic fuels, halted in
+recent years because of cheap and abundant petroleum supplies,
+will become economic again when world oil prices top 30 dlrs a
+barrel, an Exxon Co USA executive said.
+    Joe McMillan, a senior vice president, told Reuters after
+addressing a Houston meeting of the American Institute of
+Chemical Engineers, "By early in the next century, synthetics
+should play a significant role in this country's energy
+supply."
+    McMillan also told reporters at a news conference that he
+believed synthetic fuels would become economic to develop when
+world oil prices reached a 30 to 40 dlr a barrel price range.
+    "You're talking about a 50 pct increase in crude oil
+prices, but I think that time is coming and we've got to be
+prepared," McMillan said.
+    He predicted U.S. oil demand would rise by about one pct
+annually in the next few years while the nation fails to
+replace its oil reserves through exploration. By the turn of
+the century, world oil prices will be significantly higher
+because of declining supplies, McMillan said.
+    Ashland Oil, Inc. chairman John Hall, who also spoke at the
+meeting, advocated some form of federal tax incentives to help
+spur development of synthetic fuels.
+    The United States, Hall said, has nearly 500 billion tons
+of demonstrated coal reserves, an amount more than triple that
+of all the world's known oil reserves.
+    "We must encourage research now in order to make synfuels
+competitive later," Hall said. The average lead time for
+development of a shale oil or liquified coal project is between
+five and ten years.
+    Until last year, the federal government had subsidized
+synfuels development through the U.S. Synthetic Fuels Corp., a
+research program created during the Carter Administration with
+the goal of developing replacements for up to two mln barrels
+of oil.
+    The corporation was shut down last April when Congress
+refused to continue funding its eight billion dlr budget
+because of uneconomic projects based on forecasts of 50 dlrs a
+barrel oil and 10 dlr per mcf natural gas during this decade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17180" NEWID="11119">
+<DATE>30-MAR-1987 17:37:39.28</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2699&#31;reute
+u f BC-OKLAHOMA-WEEKLY-CROP   03-30 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OKLAHOMA WEEKLY CROP REPORT</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 30 - </DATELINE><BODY>The Oklahoma weekly USDA crop
+report said cold weather slowed crop development and caused
+some cattle deaths.
+    Wheat growth was halted by cold weather, and rain early in
+the week prevented fertilizer application and weed spraying.
+Fields in the west were short of nitrogen, and moderate insect
+activity was noted in the southwest region.
+    Wheat condition was rated 15 pct fair, 84 pct good and one
+pct excellent.
+    Row crop activity was very slow amid wet conditions.
+Topsoil moisture was rated 30 pct adequate and 70 pct surplus,
+and subsoil moisture was rated 100 pct adequate. Only two days
+were suitable for fieldwork.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17181" NEWID="11120">
+<DATE>30-MAR-1987 17:44:05.16</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2710&#31;reute
+r f AM-BRAZIL-TRADE   03-30 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL TEMPORARILY LEGALISES DLR PARALLEL MARKET</TITLE>
+<AUTHOR>    By Rene Villegas, Reuters</AUTHOR>
+<DATELINE>    BRASILIA, March 30 - </DATELINE><BODY>Brazilian President Jose Sarney
+announced a move which temporarily legalises the purchase of
+U.S. dollars in the parallel currency market, aimed at
+promoting imports of foreign goods.
+    In a speech, Sarney justified his measure as a need to face
+"current well known difficulties to obtain foreign loans for the
+purchase of goods."
+    The parallel market, although officially tolerated, is
+technically illegal in Brazil. For the past year, the dollar in
+the parallel market has sold at between 25 and 100 pct above
+the official rate.
+    Sarney's decision means Brazilian importers of machinery
+and industrial equipment can buy dollar currency in the
+parallel market without having to wait for an official order
+from the Banco do Brasil's Foreign Trade Department (Cacex).
+    Sarney also announced measures to boost exports in an
+effort to strengthen the country's trade balance and alleviate
+the risk of a reduction of foreign loans for this sector of the
+economy.
+    The president authorised the National Foreign Trade Council
+(CONEX) to resume operating as the ruling body of Brazil's
+trade policy, with participation of the private sector.
+    The Council had been closed three years ago by the military
+government of former President Joao Figueiredo.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17182" NEWID="11121">
+<DATE>30-MAR-1987 17:45:13.80</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2714&#31;reute
+u f BC-USX-&lt;X>-UNIT-RAISES-S   03-30 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> UNIT RAISES SOME STEEL PRICES</TITLE>
+<DATELINE>    PITTSBURGH, March 30 - </DATELINE><BODY>USX Corp said its USS steelmaking
+division increased prices on plate and H-pile products.
+    Effective with May three shipments, it said the price base
+on carbon and high-strength low-alloy, or HSLA, H-piles will
+increase by 1-1/2 cts per pound.
+    Effective with shipments beginning June 28, the price on
+carbon, HSLA, and alloy plates will increase by 1-1/4 cts per
+pound. Strip mill plate prices will rise by 3/4 cts per pound.
+    It said the price increases on plate and H-pile products
+will apply to all shipments from USS plants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17183" NEWID="11122">
+<DATE>30-MAR-1987 18:01:52.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2720&#31;reute
+r f BC-ANGLO-EXECUTIVE-URGES   03-30 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANGLO CHIEF URGES S.AFRICA REPEAL DISCRIMINATION</TITLE>
+<DATELINE>    JOHANNESBURG, March 31 - </DATELINE><BODY>Anglo American Gold Investment Co
+chairman Julian Thompson urged the South African government to
+repeal legislation preventing black advancement in the mining
+industry.
+    Thompson, commenting in the annual report, said the mining
+industry remained "cynical" about whether Pretoria really intends
+to remove barriers which prevent blacks from holding skilled
+jobs.
+    He urged the government to back up pledges by introducing a
+bill when parliament reconvenes later this year.
+    The vast majority of South Africa's 600,000 miners are
+black but whites perform most supervisory jobs.
+    The government has vowed to open all mining jobs to all
+races this year but the mining industry fears clauses inserted
+in an abolition bill could be used to make it difficult for
+blacks to qualify for skilled positions.
+    "The reluctance of the government to repeal (discriminatory
+provisions) obstructs the advancement of blacks and denies them
+opportunities for taking increasing responsibilities," Thompson
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17184" NEWID="11123">
+<DATE>30-MAR-1987 18:03:22.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2722&#31;reute
+r f BC-CANADA-BANKS-COULD-SE   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA BANKS COULD SEE PRESSURE ON BRAZIL LOANS</TITLE>
+<AUTHOR>     By Peter Cooney, Reuters</AUTHOR>
+<DATELINE>    TORONTO, March 30 - </DATELINE><BODY>Canada's major banks will likely face
+stiff pressure to declare their Brazilian loans non-performing
+if, as expected, major U.S. banks take similar action after the
+end of their first quarter tomorrow, analysts said.
+    American bankers said last week that slow progress in debt
+talks with Brazil increased the likelihood that U.S. banks
+would soon declare their Brazilian loans non-performing.
+    Such action "would put a lot of pressure on the Canadian
+banks to do the same," Levesque, Beaubien Inc Toronto-based bank
+analyst Donna Pulcine told Reuters.
+    "They (banks) like to appear to be conservative," said
+Pulcine, "and if a major bank puts loans on a non-performing
+basis and the Canadian banks don't, there is going to be a lot
+of pressure from shareholders as to why one bank is considering
+the loans non-performing and another bank is not."
+    Wood Gundy Inc bank analyst Patricia Meredith said any
+willingness by a major Brazilian bank creditor such as Citicorp
+&lt;CCI> to declare its Brazilian loans non-performing rather than
+let Brazil dictate settlement terms would provide a compelling
+example for other creditor banks.
+    "In order to make that strategy work, they (Citicorp) have
+to have the support of the other banks," said Meredith.
+    Bank analyst Michael Walsh at First Marathon Securities Ltd
+said at least one Canadian bank, which he declined to identify,
+"wants to put (the Brazilian loans) on a non-performing basis
+and is trying to encourage the others to take that position."
+    Canadian banks are owed about seven billion Canadian dlrs
+by Brazil, which late last month suspended interest payments on
+its 68 billion U.S. dlr foreign bank debt.
+    Banks in Canada, although allowed to wait up to 180 days
+before declaring loans on which they are receiving no interest
+as non-performing, usually move on such loans within 90 days.
+They could therefore delay action on the Brazilian loans until
+late May, which falls in Canadian banks' third quarter ending
+July 31.
+    &lt;Bank of Montreal>, Brazil's largest Canadian bank
+creditor, said last week it was not currently considering
+declaring its 1.98 billion dlrs of Brazilian loans as
+non-performing.
+    "I think that is just for the benefit of the public," Walsh
+said of Bank of Montreal's statement. 
+    Some analysts predicted minimal earnings impact on Canadian
+banks from a move to declare the Brazilian loans
+non-performing.
+    They said Brazil would likely resume interest payments by
+the banks' fiscal year-end on October 31, thus allowing banks
+to recoup their lost interest income.
+    "From what Brazil has said, it is quite likely the banks
+will get the money," said Meredith. "My outlook at this point is
+optimistic that there will be no adjustment for the full-year's
+earnings."
+    Meredith forecast 1987 fully diluted per share earnings of
+3.80 dlrs for &lt;Royal Bank of Canada> compared with 3.74 in
+1986; 4.30 dlrs for &lt;Bank of Montreal> compared with 3.59; 2.25
+dlrs for &lt;Canadian Imperial Bank of Commerce> compared with
+2.23;  2.15 dlrs for &lt;Bank of Nova Scotia> compared with 1.94,
+and 2.85 dlrs for &lt;Toronto Dominion Bank> against 2.74.
+    She forecast 1.90 dlrs for &lt;National Bank of Canada>
+against 3.30 dlrs before a two for one stock split.
+    Analyst Pulcine said she might lower full-year earnings
+estimates for the banks by between two cts and 10 cts a share,
+assuming a possible settlement reduced Brazil's interest costs.
+    "If the banks didn't receive anything for the rest of the
+fiscal year, the impact could range from 16 cts to 70 cts a
+share. But I don't see that as a likely scenario," Pulcine said.
+    Walsh at First Marathon suggested, however, that the
+Brazilian debt situation was so complex that "it could drag on
+beyond one full fiscal year."
+    He said he foresaw having to lower his 1987 fiscal earnings
+forecasts for the banks. He estimated that Brazil's yearly
+interest payments to Canadian banks totaled about 575 mln dlrs
+or about 10 pct of their total 1986 pre-tax earnings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17185" NEWID="11124">
+<DATE>30-MAR-1987 18:06:41.28</DATE>
+<TOPICS><D>iron-steel</D><D>alum</D><D>earn</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2725&#31;reute
+d f BC-(attn-mesa)   03-30 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA PLANS METALS INVESTMENT FOR 1987-89</TITLE>
+<DATELINE>    CARACAS, March 30 - </DATELINE><BODY>The Venezuela Guayana Corporation, CVG,
+which oversees the state steel, iron, aluminum and other
+industries, will invest 75 billion bolivars in new projects
+during 1987-89, CVG president Leopoldo Sucre Figarella
+announced.
+    The investments will go to plant expansion, infrastructure
+and the extension of hydroelectric facilities in the
+mineral-rich Guayana region, south of the Orinoco river.
+    Sucre Figarella told a news conference the CVG's 12
+companies showed an overall increase of 120 pct in profits,
+which rose from 1.732 billion bolivars in 1985 to 3.926 billion
+bolivars last year.
+    Among the best performers was steel company Sidor which
+earned 1.019 billion bolivars, the first time since 1978 Sidor
+turned a profit.
+    The gain was made possible in part by the refinancing of
+1.619 mln dollars of foreign debt.
+    CVG's three aluminum companies also showed substantial
+gains. Interalumina, which makes the intermediate material
+alumina, had an increase in profits from 116 to 217 mln
+bolivars, Alcasa earned 487 mln bolivars, as compared to 1985's
+412 mln and Venalum's profits rose by around half, from 1.042
+to 1.504 bln bolivars.
+    Meanwhile, the state iron company Ferrominera saw its
+profits rise from 156 mln bolivars in 1985 to 204 mln bolivars
+last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17186" NEWID="11125">
+<DATE>30-MAR-1987 18:06:46.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2726&#31;reute
+u f BC-INVESTORS-FILE-PROXY   03-30 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS FILE PROXY FOR NEW HBO &lt;HBOC> BOARD</TITLE>
+<DATELINE>    GREAT FALLS, Va., March 30 - </DATELINE><BODY>Andover Group said it filed
+preliminary proxy materials with the Securities and Exchange
+Commission to elect a slate of directors to HBO and Co's board
+at its April 30 annual meeting.
+    Andover Group said it owns seven pct of HBO, a hospital
+information systems company.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17187" NEWID="11126">
+<DATE>30-MAR-1987 18:08:08.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2729&#31;reute
+u f BC-INFINITY-&lt;INFTA>-TO-P   03-30 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INFINITY &lt;INFTA> TO PURCHASE AM/FM STATION</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Infinity Broadcasting Corp said it
+entered an agreement to acquire radio stations KVIL AM/FM from
+Sconninx Broadcasting Co for 82 mln dlrs.
+    Upon completion of the transaction, Infinity will own nine
+FM and four AM stations in 10 major markets.
+    The transaction is subject to FCC approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17188" NEWID="11127">
+<DATE>30-MAR-1987 18:09:21.61</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2733&#31;reute
+f f BC-N.Z.-February-current   03-30 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>N.Z. FEBRUARY CURRENT ACCOUNT DEFICIT 78 MLN V 93 MLN JAN - GOVT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17189" NEWID="11128">
+<DATE>30-MAR-1987 18:10:03.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2734&#31;reute
+d f BC-BULL-AND-BEAR-GROUP-I   03-30 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BULL AND BEAR GROUP INC &lt;BNBGA> YEAR END DEC 31</TITLE>
+<DATELINE>    NEW YORK, March 30 -
+    </DATELINE><BODY>Shr loss 45 cts vs profit 25 cts
+    Net loss 641,000 vs profit 352,000
+    Revs 5,747,000 vs 3,038,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17190" NEWID="11129">
+<DATE>30-MAR-1987 18:10:26.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2736&#31;reute
+d f BC-PROPOSED-OFFERINGs   03-30 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Bank of New England &lt;BKNE> - Offering of 200 mln dlrs of
+subordinated capital notes due 1999 through an underwriting
+group led by Morgan Stanley and Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17191" NEWID="11130">
+<DATE>30-MAR-1987 18:11:35.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2739&#31;reute
+r f BC-ENDOTRONICS-&lt;ENDO>-RE   03-30 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENDOTRONICS &lt;ENDO> REDUCES STAFF</TITLE>
+<DATELINE>    MINNEAPOLIS, March 30 - </DATELINE><BODY>Endotronics Inc said it has cut
+about 70 employees, or 42 pct of its worforce.
+    It said the action is necessary to successfully reorganize
+the company under Chapter 11 of the U.S. bankruptcy code, for
+which it filed last week.
+    A company spokesman also said Eugene Gruenberg, Michael
+Gruenberg and Jeffrey Ringhofer have severed all ties from the
+company.
+    Last week these men resigned from executive posts - Eugene
+Gruenberg had been chairman and chief executive, Michael
+Gruenberg had been president and chief operating officer, and
+Ringhofer had been vice president of marketing. But they had
+retained other duties until Monday, the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17192" NEWID="11131">
+<DATE>30-MAR-1987 18:12:15.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2742&#31;reute
+d f BC-NAPLES-FEDERAL-&lt;NAF>   03-30 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAPLES FEDERAL &lt;NAF> REVISES LOAN AGREEMENT</TITLE>
+<DATELINE>    NAPLES, Fla, March 30 - </DATELINE><BODY>NAFCO Financial Group Inc's Naples
+Federal Savings and Loan Association said it revised a loan
+agreement with Punta Gorda Isles.
+    Naples agreed to extend the maturity and increase 20.7 mln
+dlrs in PUnta's outstanding loans by nine mln dlrs.
+    The new loan will enable Punta to pay off 10.4 mln dlrs of
+indebtedness to another lender and provide it with working
+capital.
+    As a result of the payoff of the other loan, Naples will
+have a first lien position on all of Punta's holdings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17193" NEWID="11132">
+<DATE>30-MAR-1987 18:12:25.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2743&#31;reute
+d f BC-FRETTER-INC-&lt;FTTR>-4T   03-30 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRETTER INC &lt;FTTR> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    LIVONIA, Mich., March 30 -
+    </DATELINE><BODY>Shr loss five cts vs profit 36 cts
+    Net loss 784,000 vs profit 4,793,000
+    Revs 90 mln vs 79 mln
+    Year
+    Shr profit 27 cts vs profit 65 cts
+    Net profit 4,010,000 vs profit 8,539,000
+    Revs 273 mln vs 214 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17194" NEWID="11133">
+<DATE>30-MAR-1987 18:12:38.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2744&#31;reute
+d f BC-AMFAC-&lt;AMA>-TO-SELL-S   03-30 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMFAC &lt;AMA> TO SELL STORE</TITLE>
+<DATELINE>    SAN FRANCISCO, March 30 - </DATELINE><BODY>Amfac Inc said it entered an
+agreement to sell the last remaining store of its original
+Liberty House of California operation to H and S - San Mateo
+Inc.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17195" NEWID="11134">
+<DATE>30-MAR-1987 18:13:23.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2747&#31;reute
+w f BC-HARPER-INTERNATIONAL   03-30 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARPER INTERNATIONAL &lt;HNT> IN ACQUISITION</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, March 30 - </DATELINE><BODY>Harper International Inc
+said it intends to buy the major asset, patents and trade name
+of Demarkus Corp, a designer and installer of process gas
+systems for the soft drink and brewing industries.
+    The purchase price is about 125,000 dlrs.
+    Demarkus' sales were 470,000 dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17196" NEWID="11135">
+<DATE>30-MAR-1987 18:16:30.24</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2750&#31;reute
+u f AM-BRAZIL-TRADE   03-30 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SARNEY TEMPORARILY LEGALISES DLR PARALLEL MARKET</TITLE>
+<AUTHOR>    By Rene Villegas, Reuters</AUTHOR>
+<DATELINE>    BRASILIA, MARCH 30 - </DATELINE><BODY>Brazilian President Jose Sarney
+announced a move which temporarily legalises the purchase of
+U.S. Dollar currency in the parallel market, aimed at promoting
+imports of foreign goods.
+    In a speech, Sarney justified his measure as a need to face
+"current well known difficulties to obtain foreign loans for the
+purchase of goods."
+    The parallel market, although tolerated, is technically
+illegal. For the past year, the dollar in the parallel market
+is being sold at 25 to 100 pct above the official rate.
+    Sarney's decision means that Brazilian importers of
+machinery and industrial equipment can buy dollar currency in
+the parallel market without having to wait for the issuing of
+an official order from the Banco do Brasil's Foreign Trade
+Department (Cacex).
+    Sarney also announced measures to boost exports in an
+effort to strengthen the country's trade balance and alleviate
+the risk of a reduction of foreign loans for this sector of the
+economy.
+    The president authorised the National Foreign Trade Council
+(CONEX) to resume operating as the ruling body of Brazil's
+trade policy, with participation of the private sector.
+    The Council had been closed three years ago by the military
+government of former President Joao Figueiredo.
+    Tomorrow, Brazil was due to fulfill payment of 15 billion
+dollars in short range credit lines, but its economic officials
+have suggested a 60-day extension in the deadline in order to
+seek a renegotiation with its creditors.
+    Sarney told members of the Council that for Brazil it is a
+must to recover its annual trade balance surplus to the 12
+billion dollars average recorded in 1984 and 1985, and which
+dropped sharply last year to 8 billion dollars.
+    He attributed the poor performance of Brazil's trade
+balance in 1986 to protectionist moves by industrialised
+countries, the fall in the prices of basic goods and the crisis
+faced by several of Brazil's Third World trade partners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17197" NEWID="11136">
+<DATE>30-MAR-1987 18:20:15.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2759&#31;reute
+r f BC-OLSON-INDUSTRIES-&lt;OLS   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLSON INDUSTRIES &lt;OLSN> TO SELL EGG OPERATIONS</TITLE>
+<DATELINE>    SHERMAN OAKS, Calif, March 30 - </DATELINE><BODY>Olson Industries Inc said
+it signed a letter of intent to sell substantially all of its
+remaining egg operations to Sunny Fresh Foods inc.
+    Olson said it expects to receive about nine mln dlrs from a
+combination of a sale of tangible assets to Sunny Fresh and
+realization of intangible and other assets by Olson.
+    The transaction is expected to result in a charge for
+discontinued operations of about two mln dlrs but is also
+expected to generate substantial cash flow to pay off
+egg-related indebtedness of about 7.5 mln dlrs and to further
+improve working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17198" NEWID="11137">
+<DATE>30-MAR-1987 18:20:33.78</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2760&#31;reute
+u f BC-N.Z.-FEBRUARY-CURRENT   03-30 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. FEBRUARY CURRENT ACCOUNT DEFICIT NARROWS</TITLE>
+<DATELINE>    WELLINGTON, March 31 - </DATELINE><BODY>New Zealand's current account
+deficit narrowed to 78 mln dlrs in February from 93 mln in
+January and 233 mln in February 1986, in a smoothed seasonally
+adjusted measurement, the statistics department said.
+    This is the first time current account figures have
+appeared in a seasonally adjusted form.
+    Non-seasonally adjusted but smoothed figures show a deficit
+of 112 mln dlrs against 144 mln in January and 281 mln in
+February 1986.
+    Totally unadjusted figures show a deficit of 47 mln dlrs
+against 168 mln in January and 227 mln in February 1986.
+    The smoothed seasonally adjusted series shows a surplus on
+merchandise trade of 174 mln dlrs after 161 mln in January and
+33 mln in February 1986.
+    Smoothed but non-seasonally adjusted figures show a
+merchandise trade surplus of 114 mln dlrs against 81 mln in
+January and a 47 mln dlr deficit in February 1986.
+    Unadjusted merchandise figures show a surplus of 168 mln
+against 36 mln in January and 22 mln in February 1986.
+    The deficit on invisibles was 241 mln dlrs against 242 mln
+in January and 250 mln in February 1986.
+    The smoothed but not seasonally adjusted deficit on
+invisibles was 226 mln dlrs against 225 mln in January and 234
+mln in February 1986.
+    The unadjusted deficit on invisibles was 215 mln dlrs
+against 204 mln in January and 249 mln in February 1986.
+    Seasonally adjusted export and import figures were not
+available but the department said they will be included in
+future current account data.
+    Smoothed but non-seasonally adjusted exports were 924 mln
+dlrs, unchanged from January, against 843 mln in February 1986.
+    Smoothed but non-seasonally adjusted imports were 810 mln
+dlrs against 843 mln in January and 890 mln in February 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17199" NEWID="11138">
+<DATE>30-MAR-1987 18:20:48.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2762&#31;reute
+u f BC-GULF-OF-MEXICO-RIG-CO   03-30 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF OF MEXICO RIG COUNT UNCHANGED THIS WEEK</TITLE>
+<DATELINE>    HOUSTON, March 30 - </DATELINE><BODY>Utilization of offshore mobile rigs in
+the Gulf of Mexico was steady at 35.6 pct last week, the same
+rate as one month ago, Offshore Data Services said.
+    The total number of working rigs in the Gulf was 83 for the
+week, compared to 100 a year ago. Offshore Data Services said
+the worldwide utilization rate rose to 53.9 pct, reflecting
+three more rigs with contracts for a total of 391 working rigs.
+    One year ago, 492 rigs were active out of a fleet of 746
+rigs.
+    In the European-Mediterranean area, rig utilization
+increased by two percentage points to 44.2 pct as three
+additional rigs found work during the week. A total of 68 rigs
+out of a fleet of 154 were working.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17200" NEWID="11139">
+<DATE>30-MAR-1987 18:24:28.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2770&#31;reute
+f f BC-******GENCORP-REJECTS   03-30 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP REJECTS UNSOLICITED TAKEOVER BID FROM AFG INDUSTRIES/WAGNER AND BROWN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17201" NEWID="11140">
+<DATE>30-MAR-1987 18:26:18.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2775&#31;reute
+b f BC-******GENCORP-SAID-IT   03-30 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP SAID IT IS DEVELOPING SUPERIOR ALTERNATIVE TO AFG'S 100 DLR/SHR OFFER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17202" NEWID="11141">
+<DATE>30-MAR-1987 18:27:25.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2776&#31;reute
+u f BC-SEC   03-30 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC WINS EXTENSION OF ORDERS AGAINST VASKEVITCH</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>U.S. District Court Judge Robert
+Sweet granted requests by federal authorities for court orders
+freezing the assets of former Merrill Lynch executive Nahum
+Vaskevitch, who has been charged with insider trading.
+    Acting on arguments by the Securities and Exchange
+Commission, Sweet issued a preliminary injunction barring
+Vaskevitch and other defendants in the case from committing
+further violations of U.S. securities law.
+    He also issued orders freezing the defendants' U.S. assets,
+forcing them to give a full accounting of their assets and
+preventing any alteration or destruction of documents.
+    The orders merely extend indefinitely the effectiveness of
+temporary restraining orders the SEC obtained against
+Vaskevitch on March 11, when it charged him with masterminding
+an insider trading scheme that netted him and his associates
+more than four mln dlrs in illegal profits.
+    Vaskevitch, who headed the mergers and acquisitions
+department of Merrill Lynch, Pierce, Fenner and Smith Ltd, the
+London branch of the brokerage giant, leaked inside information
+about 12 companies to his associates, the SEC charged.
+    Also charged were David Sofer, an Israeli, and two firms he
+and Vaskevitch used. All reside outside U.S. territory.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17203" NEWID="11142">
+<DATE>30-MAR-1987 18:30:18.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2778&#31;reute
+r f BC-SOCIETY-FOR-SAVINGS-&lt;   03-30 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCIETY FOR SAVINGS &lt;SOCS> TO OFFER NOTES</TITLE>
+<DATELINE>    HARTFORD, Conn, March 30 - </DATELINE><BODY>Society for Savings said it will
+offer up to 100 mln dlrs aggregate principal amount of its
+medium-term notes, with maturities from one year up to five
+years from the date of issue.
+    Each note will bear interest at a fixed rate or variable
+rate formula established at the time of issuance, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17204" NEWID="11143">
+<DATE>30-MAR-1987 18:32:29.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2780&#31;reute
+u f BC-COMDATA   03-30 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP SELLS STAKE IN COMDATA NETWORK &lt;CDN></TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>A group of investment firms which
+had once sought control of Comdata Network Inc, told the
+Securities and Exchange Commission it sold its remaining
+1,113,500-share, or 5.9 pct, stake in the company.
+    The group, which had owned as much as 9.5 pct of the total,
+said it sold the stake on March 27 at 15-3/4 dlrs a share. Last
+week it sold 455,000 Comdata shares.
+    Group members are CNI Partners, an investment partnership,
+Mason Best Co, a Texas investment partnership, and Houston
+Imperial Corp, a real estate development firm.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17205" NEWID="11144">
+<DATE>30-MAR-1987 18:42:26.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2794&#31;reute
+u f BC-******GENCORP-REJECTS   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> REJECTS UNSOLICITED TAKEOVER BID</TITLE>
+<DATELINE>    AKRON, OHio, March 30 - </DATELINE><BODY>Gencorp Inc said its board urged
+shareholders to reject the hostile unsolicited 100 dlr a share
+tender offer made March 18 by General Acquisition Inc, an
+affiliate of Wagner and Brown and AFG Industries INc.
+    Gencorp also said it is developing a financially superior
+alternative that would enable shareholders to benefit from the
+full value of the company.
+    In a letter to shareholders, Chairman A. William Reynolds 
+said the offer is a "highly conditional, contingently financed
+bust-up offer" that seeks to deny shareholders the true value
+of their investment in Gencorp.
+    Reynolds said the board reached its decision to reject the
+offer after careful study with legal and financial advisers. He
+said the board has authorized management to explore
+alternatives aimed at providing shareholders with a
+"financially superior" alternative to the general acquisition
+offer.
+    A Gencorp spokesman, in response to questions, would not
+comment on market speculation that the company's management may
+develop a leveraged buyout offer of its own. He would also not
+comment on when a better alternative might be developed.
+    Gencorp's stock has traded well above the 100 dlr offer
+price since the tender was made. Today, Gencorp closed at
+114-1/4, up 1-5/8.
+    Reynolds said in the letter that for the last few years,
+Gencorp management has taken action to enhance shareholder
+value, and the stock price and earnings have improved since he
+joined the company.
+    Gencorp said the partnership's offer is a "bargain price"
+acquisition that was "using financing from a syndicate of banks
+that does not yet exist and a bridge loan from Shearson Lehman
+brothers that shearson is not obligated to provide."
+    Reynolds also said the offer would result in a radical
+alteration and selloff of Gencorp's assets, including Aerojet
+General to refinance General Acquisition's borrowings with the
+profits going to Wagner and Brown and AFG instead of
+shareholders.
+    The letter also said the General Acquisition offer
+"jeopardizes the security and interests" of its shareholders,
+employees, customers, suppliers and the communities throughout
+the country where the company's facilities are located.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17206" NEWID="11145">
+<DATE>30-MAR-1987 18:42:50.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2795&#31;reute
+u f BC-DOME-MINES-LTD-&lt;DM>-4   03-30 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME MINES LTD &lt;DM> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, March 30 -
+    </DATELINE><BODY>Shr profit 17 cts vs loss three cts
+    Net profit 14,918,000 vs loss 2,732,000
+    Revs 74.8 mln vs 54.7 mln
+    YEAR
+    Shr profit 80 cts vs profit 15 cts
+    Net profit 71.6 mln vs profit 12.2 mln
+    Revs 293.4 mln vs 222.8 mln
+    Note: 1986 fl-yr net includes extraordinary gain of 56.3
+mln dlrs from investment sales, gain on share issue by 57
+pct-owned Campbell Red Lake Mines Ltd &lt;CRK> and provision for
+decline in value of marketable securities. 1985 fl-yr net
+includes gain of 10.1 mln dlrs.
+    1985 revs restated to exclude revenues from discontinued
+coal mining operations.
+    Under U.S. accounting practises, Dome Mines would have
+reported 1986 loss of 192.9 mln dlrs or 2.17 dlrs shr vs yr-ago
+loss of 24.9 mln dlrs or 32 cts shr, reflecting different
+principles in accounting for 22 pct stake in Dome Petroleum Ltd
+&lt;DMP> and 1986 oil and gas writedown.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17207" NEWID="11146">
+<DATE>30-MAR-1987 18:47:09.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2797&#31;reute
+h f BC-SANTA-ANITA-&lt;SAR>-TO   03-30 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTA ANITA &lt;SAR> TO BUILD IN COMMERCIAL PARK</TITLE>
+<DATELINE>    BALDWIN Park, Calif, March 30 - </DATELINE><BODY>Baldwin INdustrial
+Properties Ltd said five new buildings valued at 9.5 mln dlrs
+will be built as Phase IV of the Baldwin Commerce Center in
+baldwin Park, calif.
+    Baldwin INdustrial Properties is a joint venture of Santa
+Anita Realty Enterprises Inc, Grant General Contractors Inc,
+Baldwin Associates and Wm. P. Willman and Assocates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17208" NEWID="11147">
+<DATE>30-MAR-1987 18:48:04.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2798&#31;reute
+h f BC-A.H-BELO-&lt;BLC>-TO-REI   03-30 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A.H BELO &lt;BLC> TO REINCORPORATE</TITLE>
+<DATELINE>    DALLAS, Texas, March 30 - </DATELINE><BODY>A.H. Belo Corp said it will
+submit to its shareholders at its May six annual meeting a
+proposal to reincorporate the company in Delaware.
+    The company said the reincorporation would enable Belo to
+take advantage of Delaware's flexible corporate laws.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17209" NEWID="11148">
+<DATE>30-MAR-1987 18:48:24.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>usa</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2799&#31;reute
+r f BC-PHILIPPINES-TO-REPAY   03-30 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES TO REPAY SOME PRINCIPAL IN 1987-89</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>The Philippine government has quietly
+agreed to make token payments of principal in each of the next
+three years as part of its 10.3 billion dlr commercial bank
+debt rescheduling package finalized last Friday, bankers said.
+    Manila will pay foreign banks 37 mln dlrs a year in 1987,
+1988 and 1989, representing four pct of a 925 mln dlr loan
+signed in 1985. Amortizations on the loan were not due to begin
+until 1990, but the Philippines agreed to make the extra 111
+mln dlr prepayment in order to win a relatively low interest
+margin of 7/8 pct over Eurodollar rates, bankers said.
+    Bankers said they insisted on the principal repayments so
+that they could justify a margin of 7/8 pct by drawing a direct
+parallel between the Philippines and Venezuela, which won a 7/8
+pct spread on a 21 billion dlr debt rescheduling package last
+month.
+    After the Venezuelan deal was clinched, leading New York
+bankers hurried to argue that 7/8 pct was the new benchmark
+spread for a debtor nation that was current on interest, was
+not seeking new money and was amortizing loan principal.
+    Previously, the 13/16 pct margin granted to Mexico was seen
+by debtors as the margin to strive for.
+    The Philippines, which met the first two Venezuelan
+criteria but not the third, was adamant that it could not
+accept a spread higher than 7/8 pct.
+    Bankers could not back down either because they would have
+had to sacrifice millions of dollars in profits and may have
+thrown the door open to other debtors, notably Argentina and
+Brazil, to claim even finer spreads than Mexico's.
+    In the end, the compromise saved face for the banks. "The
+banks were agonizing how to reconcile this package with
+Venezuela's. This allowed them to walk out and say, We've kept
+faith with the Venezuelan precedent," one source said.
+    The prepayments, although modest, were not apparently
+something that the Philippine negotiators wanted to dwell upon
+as they sought to portray their 17-year rescheduling agreement
+as better than Mexico's.
+    Finance minister Jaime Ongpin did not refer to the
+prepayments at a news conference he held in New York on Friday
+to announce the rescheduling agreement.
+    And an accompanying press release referred only obliquely
+to the fact that the 7/8 pct margin will increase to one pct
+"as long as the Philippines pays amortizations as agreed with
+the banks."
+    The threat of a higher margin gives the Philippines every
+incentive to make the extra payments, and the government has
+indicated that it will in fact do so, bankers said.
+    Furthermore, by paying back ahead of schedule some of the
+last loan it raised, the Philippines will be hoping to make a
+good impression on the international banking community.
+    Ongpin said the country should not have a financing gap
+before the end of next year at the earliest, depending on the
+success of the Philippine Investment Note issues which are
+planned, but some bankers say they are already braced for new
+loan requests for 1988 and 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17210" NEWID="11149">
+<DATE>30-MAR-1987 18:49:53.18</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2803&#31;reute
+u f BC-POLICY-OF-U.S.-IN-MID   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SHOULD REASSESS MIDEAST POLICY - ANALYST</TITLE>
+<DATELINE>     SAN ANTONIO, TEXAS, March 30 - </DATELINE><BODY>The U.S. should reassess
+its Mideast policy in light of its rising dependence on
+imported oil, according to Charles Ebinger of the Center for
+Strategic and International Studies.
+     "The prospect of rising dependence on oil imports from the
+Gulf, and the recent revelations of the Tower Commission
+report, mandate more than ever before the need for a
+fundamental reassessment of U.S. interests in the Middle East,"
+Ebinger said.
+     He remarks were made in an address to the National
+Petroleum Refiners Association meeting.
+     "Although in the short run it is difficult to see a direct
+link between Arab anger and threats to oil supplies, in the
+current environment it will be increasingly difficult for
+moderate Arab leaders to be seen as friendly to U.S.
+interests," Ebinger said.
+     Oil traders said threats to oil supplies has kept crude
+oil prices strong recently although some believe prices will be
+weaker if demand falls in the spring.
+    But William Randol, analyst at First Boston Corp, said
+crude oil prices will hold  near current levels this spring.
+    There will be no spring downturn, said Randol, speaking at
+the annual refiner meeting. He said there is a 40 pct chance
+that crude oil prices could move higher in the second half of
+the year, following an OPEC meeting scheduled for late June.
+    He said he expects OPEC will extend its current agreement
+to restrict production.
+    OPEC will renew its production pricing agreement in June
+because the value of the oil exports of the OPEC producers  has
+declined along with the U.S. dollar, Randol said.
+    OPEC oil exports are priced in U.S. dollars, and the dollar
+has fallen about 30 pct in the last 18 months.
+    Randol said U.S. crude oil imports will increase 3.5 to
+four mln barrels per day by 1990 as consumption rises 1.5 to
+two mln bpd, and supplies decline two mln bpd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17211" NEWID="11150">
+<DATE>30-MAR-1987 18:59:42.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2811&#31;reute
+u f BC-SHEARSON   03-30 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHEARSON SAYS SEC PROBING MARKET MANIPULATION</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>The Securities and Exchange
+Commission is investigating possible market manipulation of
+securities in which Shearson Lehman Brothers Inc was market
+maker, the brokerage firm said.
+    The SEC has obtained a "formal order of investigation"
+relating to possible manipulation of the Securities of Hammer
+Technologies Inc &lt;HAMM> and related companies, Shearson said.
+    While the firm did not say whether it was a target of the
+probe, it said some of its employees will testify before the
+SEC in the matter.
+    Hammer Technologies is a Larkspur, Calif., holding company
+dealing in sales and rentals of video tapes, recorders,
+televisions, computer products and related equipment.
+    The disclosure was made in documents detailing a planned
+public offering of 20.5 mln shares of Shearson Lehman Brothers
+Holdings Inc common stock by American Express Co &lt;AXP>, which
+currently owns the brokerage firm and would continue to hold a
+controlling interest in it after the stock offering.
+    The company did not not elaborate on the SEC probe.
+    An SEC spokeswoman declined to comment on the case, noting
+the agency's policy against confirming or denying any probes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17212" NEWID="11151">
+<DATE>30-MAR-1987 19:01:10.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2813&#31;reute
+u f BC-SMITHFIELD-&lt;SFDS>-UNI   03-30 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITHFIELD &lt;SFDS> UNIT GETS UNFAIR LABOR CHARGE</TITLE>
+<DATELINE>    ARLINGTON, Va, March 30 - </DATELINE><BODY>Smithfield Foods Inc said that on
+March 27 the National Labor Relations Board issued a
+consolidated complaint against its Patrick Cudahy Inc unit.
+    The complaint charges that Cudahy engaged in unfair labor
+practices in connection with collective bargaining negotiations
+with the United Food and Commercial Workers international union
+and a strike by certain Cudahy's employees. The complaint is
+seeking relief as may be just and proper to remedy the unfair
+labor practices.
+    Cudahy denies the allegation and plans to contest the
+matter vigorously at a hearing on May 11.
+         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17213" NEWID="11152">
+<DATE>30-MAR-1987 19:02:23.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2814&#31;reute
+r f AM-REAGAN-STAFF   03-30 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRIBB NAMED REAGAN'S DOMESTIC AFFAIRS ADVISER</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>President Reagan, moving to add a
+prominent conservative to his top White House management team,
+named Kenneth Cribb to be his domestic affairs adviser.
+    Cribb, a former counselor to Attorney General Edwin Meese,
+has served on the transition team assembled by new White House
+chief of staff Howard Baker since early March.
+    Baker, who replaced Donald Regan as the president's top
+aide, is considered a moderate Republican as is his deputy,
+Kenneth Duberstein.
+    Reagan also announced that Edwin Feulner, another leading
+conservative activist, would serve as a consultant to the White
+House. However, Feulner will remain president of the Heritage
+Foundation, a conservative Washington think tank.
+   
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17214" NEWID="11153">
+<DATE>30-MAR-1987 19:02:33.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2815&#31;reute
+d f BC-ENVIROSURE-MANAGEMENT   03-30 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIROSURE MANAGEMENT CORP &lt;ENVS> 1ST QTR LOSS</TITLE>
+<DATELINE>    BUFFALO, N.Y., March 30 - </DATELINE><BODY>Qtr ended Nov 30
+    Shr loss nil vs profit nil
+    Net loss 1,321,940 vs profit 128,164
+    Revs 4,582,260 vs 5,115,456
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17215" NEWID="11154">
+<DATE>30-MAR-1987 19:02:43.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2816&#31;reute
+s f BC-COMMERCIAL-METALS-CO   03-30 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCIAL METALS CO &lt;CMC> SETS QTLY DIVIDEND</TITLE>
+<DATELINE>    DALLAS, March 30 - 
+    </DATELINE><BODY>Qtly div eight cts vs eight cts prior
+    Pay April 24
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17216" NEWID="11155">
+<DATE>30-MAR-1987 19:07:43.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2822&#31;reute
+r f BC-ARGENTINE-DEBT-TALKS   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE DEBT TALKS FINELY POISED, BANKERS SAY</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>Financing talks here between the
+Argentine government and its bank advisory committee are finely
+poised, with the two sides still separated on the critical
+question of interest-rate spreads, bankers said.
+    Argentina is pressing for a margin of 13/16 pct over the
+London Interbank Offered Rate, the same rate as on Mexico's
+recent new-loan and rescheduling package, but the banks are
+refusing, they said.
+    Negotiations continued in New York today, even though
+Finance Secretary Mario Brodersohn has returned to Argentina to
+consult president Raul Alfonsin on the proposed terms.
+    After the difficulty of syndicating Mexico's 7.7 billion
+dlr loan, bankers feel that they could not sell a package for
+Argentina with a margin of 13/16 pct. They are holding out for
+a spread close to one pct, with 7/8 pct - the rate won by
+Venezuela and the Philippines - as their rock-bottom offer.
+    "What they're looking at and what we've got on the table
+are not that far apart," one banker said.
+    Bankers said that Argentina is seeking to stretch out
+principal repayments on upcoming public-sector debt maturities
+for 19 years and is looking for a 13-year loan from the banks
+to cover the bulk of its 2.15 billion dlr new-money need.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17217" NEWID="11156">
+<DATE>30-MAR-1987 19:08:19.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2824&#31;reute
+u f BC-IMPERIAL-&lt;ICA>-DECLAR   03-30 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMPERIAL &lt;ICA> DECLARES FIRST DIV SINCE 1981</TITLE>
+<DATELINE>    SAN DIEGO, Calif, March 30 - </DATELINE><BODY>Imperial Corp of America said
+it declared a 10 cts dividend and four pct stock dividend on
+APril 25 to holders of record April 10.
+    This is the first dividend payment since 1981, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17218" NEWID="11157">
+<DATE>30-MAR-1987 19:08:49.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2825&#31;reute
+u f BC-QUEBEC-COURT-UPHOLDS   03-30 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBEC COURT UPHOLDS LABATT RACE CONTRACT</TITLE>
+<DATELINE>    MONTREAL, March 30 - </DATELINE><BODY>(John Labatt Ltd)'s Labatt Breweries
+Ltd unit has the right to stage this year's Formula One Grand
+Prix race in Montreal, Quebec's Superior Court ruled.
+    The court ruled that Labatt's contract with the city of
+Montreal granting it control over the race track is binding and
+granted the company an injunction preventing the city from
+finding another sponser.
+    The city has been negotiating with an American promoter
+backed by (Molson Companies Ltd), which wants to stage the
+race.
+    Labatt has been losing money on the race on the race since
+it started sponsering the event eight years ago.             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17219" NEWID="11158">
+<DATE>30-MAR-1987 19:16:25.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2830&#31;reute
+r f BC-SMITH-INTERNATIONAL-I   03-30 0076</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SMITH INTERNATIONAL INC &lt;SII> 4TH QTR LOSS
+    NEWPORT BEACH, Calif.
+    Shr loss 1.95 dlrs vs loss 9.10 dlrs
+    Net loss 44.4 mln vs 206.8 mln
+    Revs 84.1 mln vs 172.4 mln
+    Year
+    Shr loss 6.56 dlrs vs loss 11.66 dlrs
+    Net loss 149.0 mln vs loss 265.1 mln
+    Revs 415.2 mln vs 697.3 mln
+    Note: Current qtr net includes pretax charges of 10.7 mln
+dlrs against inventory adjustments and currency costs related
+to fluctuations of Italian lira.
+    Current year net includes pretax charges of 46.6 mln dlrs
+for provision to reduce carrying value of excess capital assets
+and to writedown certain inventories and other assets. Also
+includes charges of 18 mln dlrs covering costs of workforce
+reductions, relocation and Chapter 11.
+     Year-ago net includes pretax charges related to judgment
+against company in litigation with Hughes Tool Co of 189.1 mln
+for qtr and 216.9 mln dlrs for 12 mths.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17220" NEWID="11159">
+<DATE>30-MAR-1987 19:28:26.04</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2833&#31;reute
+f f BC-Japan-February-unempl   03-30 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan February unemployment falls to 2.9 pct (3.0 pct in January) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17221" NEWID="11160">
+<DATE>30-MAR-1987 19:31:59.80</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2835&#31;reute
+b f BC-JAPAN-UNEMPLOYMENT-FA   03-30 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN UNEMPLOYMENT FALLS IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Japan's seasonally adjusted unemployment
+rate fell to 2.9 pct in February from the record 3.0 pct in
+January, the government's Management and Coordination Agency
+said.
+    The January level was the worst since the Goverment started
+compiling unemployment statistics under the current system in
+1953.
+    Unemployment was up from 2.8 pct a year earlier.
+    Unadjusted February unemployment totalled 1.86 mln people,
+up from 1.82 mln in January and 1.64 mln a year earlier.
+    Male unemployment in February remained at 2.9 pct, equal to
+the second-highest level set in January and December. Record
+male unemployment of 3.1 pct was set in July 1986.
+    Female unemployment rose to a record 3.1 pct in February
+from the previous record 3.0 pct marked in January 1987 and in
+April, August, September and December last year.
+    "Japan's employment condition was still severe in February
+as the non-rounded rate of unemployment in February fell only
+0.03 percentage points to 2.93 pct from 2.96 pct in January," an
+agency official said.
+    Employment in manufacturing industries fell 430,000 from a
+year earlier to 14.22 mln people in February due to the yen's
+continued appreciation, while employment in non-manufacturing
+industries rose 380,000 to 12.11 mln.
+    In manufacturing industries, employment in the textile
+industry fell 180,000 to 1.94 mln in February, while in
+ordinary and precision machinery industries it fell 160,000 to
+1.50 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17222" NEWID="11161">
+<DATE>30-MAR-1987 19:53:16.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2839&#31;reute
+u f BC-PARTNERS-CALL-GENCORP   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARTNERS CALL GENCORP&lt;GY> RESPONSE UNPRODUCTIVE</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>General Acquisition Co said it was
+disappointed by Gencorp's response to its tender offer and
+questioned how the company might give better value to
+shareholders.
+    Gencorp earlier urged shareholders to reject a 100 dlr per
+share tender offer from the partnership, which includes Wagner
+and Brown and AFG Industries Inc. The company said it was
+studying financially superior alternatives.
+   The partnership called the response inflammatory and
+unproductive, particularly since it had attempted to discuss
+the offer with Gencorp.
+     The partnership said Gencorp failed to say how it would
+provide a "superior value yet they continue their attempt to
+prevent a satisfactory offer by failing to redeem their poison
+pill." Poison pills are shareholder rights plan that make
+takeovers more expensive.
+    Gencorp said in its statement earlier that the date its
+rights will trade separately from the common stock was extended
+to April six from April three. It said the extension was
+subject to further extensions by the board and is conditioned
+on no person aquiring beneficial ownership of 20 pct or more of
+Gencorp prior to April six.
+    General Acquisition said it is confident its offer can be
+completed in a timely manner using its financial arrangements.
+    The partnership in its statement again urged management to
+work with it to facilitate a transaction.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17223" NEWID="11162">
+<DATE>30-MAR-1987 20:09:13.58</DATE>
+<TOPICS><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2848&#31;reute
+f f BC-MIYAZAWA-SAYS-DOLLAR   03-30 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MIYAZAWA SAYS DOLLAR BELOW 150 YEN IS COUNTER TO PARIS ACCORD
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17224" NEWID="11163">
+<DATE>30-MAR-1987 20:22:57.86</DATE>
+<TOPICS><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2853&#31;reute
+b f BC-DLR-BELOW-150-YEN-COU   03-30 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DLR BELOW 150 YEN COUNTER TO PARIS PACT - MIYAZAWA</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said he
+regards a U.S. Dollar below 150 yen as counter to the agreement
+struck by major nations in Paris last month.
+    He told the Upper House Budget Committee in Parliament that
+Japan intervened in the market when the dollar went below 150
+yen, as it considered the dollar's fall below that level
+counter to the spirit of the Paris accord.
+    Commenting on current foreign exchange movements, Miyazawa
+said Japan would watch developments for another couple of days.
+    Institutional investors appeared to have sold dollars to
+hedge currency risks ahead of the end of the financial year
+today, Miyazawa said.
+    Behind the recent dollar fall lies the market perception
+that major nations were not doing enough to implement their
+policies under the Paris pact, he said, noting that passage of
+Japan's 1987/88 budget has been delayed.
+    He said that now was the time for major nations to act
+under the Paris accord. The U.S., West Germany, France,
+Switzerland and Britain have intervened on their own account to
+prop up the dollar, he said. This was a concerted action.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17225" NEWID="11164">
+<DATE>30-MAR-1987 20:41:53.59</DATE>
+<TOPICS><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2857&#31;reute
+f f BC-BANK-OF-JAPAN-BUYS-DO   03-30 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF JAPAN BUYS DOLLARS AROUND 145.75 YEN - DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17226" NEWID="11165">
+<DATE>30-MAR-1987 20:52:44.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2865&#31;reute
+u f BC-TAIWAN-OFFSHORE-BANKI   03-30 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN OFFSHORE BANKING ASSETS RISE IN FEBRUARY</TITLE>
+<DATELINE>    TAIPEI, March 31 - </DATELINE><BODY>The combined assets of Taiwan's offshore
+banking units (OBU) rose to 6.62 billion U.S. Dlrs at
+end-February from 6.28 billion in January and compared with
+7.12 billion in February 1986, the central bank said.
+    A bank official said the increase came mainly from growing
+OBU borrowings by Taiwanese operators from their Asian
+counterparts.
+    He said the assets, held by 15 foreign and local banks,
+were mainly in U.S. Dollars, with the rest in certificates of
+deposit and bonds. About 90 pct of the assets came from Asia
+and the rest from North America and Europe, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17227" NEWID="11166">
+<DATE>30-MAR-1987 21:22:31.87</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f2879&#31;reute
+u f BC-PAKISTAN-BIDS-FOR-IMP   03-30 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN BIDS FOR IMPORT OF 100,000 TONNES SUGAR</TITLE>
+<DATELINE>    KARACHI, March 30 - </DATELINE><BODY>Trading Corp of Pakistan Ltd said it
+had invited tenders up to April 11, 1987 for the import of
+100,000 tonnes of white refined crystal sugar up to June.
+    It said each cargo should consist of 15,000 tonnes. Four
+cargoes should reach Port Bin Qasim or Karachi Port (buyers
+option) by May 31 and the balance by June 30, 1987, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17228" NEWID="11167">
+<DATE>30-MAR-1987 22:45:28.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2911&#31;reute
+u f BC-U.S.-MAY-DROP-TARIFFS   03-30 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MAY DROP TARIFFS IF JAPAN OPENS UP - YEUTTER</TITLE>
+<DATELINE>    NEW YORK, March 30 - </DATELINE><BODY>The U.S. Is willing to drop tariffs on
+Japanese electronic imports if Japan shows it will abide by an
+agreement opening its markets to American goods, U.S. Trade
+Representative Clayton Yeutter said in a TV interview.
+    "But there has to be a clear indication that they are
+willing to act," he said.
+    Yeutter said difficulties in the Japanese economy caused by
+the U.S. Tariffs and the yen's rise against the dollar are
+problems "they have brought on themselves."
+    The dollar fell to 40-year lows against the yen today.
+    "Certainly the movement of the yen is causing some economic
+turmoil in Japan," he said. "My only response is that we have
+gone through about five years with the dollar going in just the
+opposite direction. Although I can sympathise, it's occurred
+for only a few weeks or months in Japan."
+    The tariffs, announced on Friday by President Reagan, will
+affect about 300 million dlrs worth of products, only a tiny
+fraction of Japan's total exports to the U.S.
+    Even so, Reagan's decision "doesn't give us any joy. We
+don't want to take retaliatory action here if we don't have to,"
+Yeutter said.
+    Yeutter said the meetings scheduled next month in
+Washington between Reagan and Prime Minister Yasuhiro Nakasone
+will include "some difficult items on the agenda."
+    Japan has failed to implement two parts of a three-part
+semiconductor agreement, Yeutter said.
+    Japan has stopped dumping chips in the U.S. But it has
+failed to open its domestic markets to U.S.-made chips and has
+failed to end predatory pricing in Third World countries,
+undercutting U.S. Products, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17229" NEWID="11168">
+<DATE>30-MAR-1987 23:34:08.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2930&#31;reute
+b f BC-WOODSIDE-PETROLEUM-LT   03-30 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOODSIDE PETROLEUM LTD &lt;WPLA.S> 1986 YEAR</TITLE>
+<DATELINE>    MELBOURNE, March 31 -
+    </DATELINE><BODY>Shr nil vs same
+    Final and yr div nil vs same
+    Pre-tax, pre-minorities loss 3.53 mln dlrs vs profit 17.40
+mln.
+    Net attributable loss 17.14 mln dlrs vs loss 8.73 mln
+    Sales 220.84 mln vs 173.50 mln
+    Other income 17.77 mln vs 12.02 mln
+    Shrs 666.67 mln vs same.
+    NOTE - Attributable net loss is after tax 10.04 mln dlrs vs
+18.59 mln, interest 82.36 mln vs 65.94 mln, depreciation 64.77
+mln vs 35.74 mln and minorities 3.57 mln vs 7.55 mln but before
+net extraordinary loss 1.22 mln vs loss 3.91 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17230" NEWID="11169">
+<DATE>31-MAR-1987 00:22:15.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0008&#31;reute
+u f BC-JAPAN-TO-DEVELOP-FIGH   03-31 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO DEVELOP FIGHTER PLANE WITH U.S.</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Japan has decided to cooperate with the
+U.S. To develop a new generation of fighter planes, Defence
+Minister Yuko Kurihara said.
+    Japan is now in a major trade dispute with Washington, but
+Kurihara told reporters the decision was not made in response
+to outside pressure and described the project as a Japanese-led
+program with U.S. Cooperation.
+    President Ronald Reagan said last week that the U.S. Would
+impose high tariffs on Japanese imports to retaliate against
+alleged Japanese violation of a computer chip trade pact.
+    The plane, codenamed the FSX, has been the focus of
+competition between Japanese and U.S. Defence contractors. At
+stake is an estimated 6.5 billion dlrs worth of contracts which
+the Japanese government had previously intended to award to
+domestic firms.
+    The Ministry has said the plane, part of Japan's self
+defence forces, will be equipped with high technology radar
+dodging equipment, and will be able to fly at very low
+altitudes. It will have a combat radius of 830 kms.
+    The ministry plans to build 100 FSX fighters to replace all
+77 of Japan's Mitsubishi-made F-1 planes by the 1990s.
+    A defence ministry spokesman said the timing of the
+announcement had nothing to do with escalating trade friction
+between Japan and the U.S., Its largest trading partner.
+    "This is an objective decision, made after discussions with
+U.S. Defence Secretary Caspar Weinberger," he said.
+    However, with two weeks to go before the U.S. Imposes
+tariffs, Japan's ambassador to the U.S., Nobuo Matsunaga, told
+Foreign Minister Tadashi Kuranari that Japan must address
+individual market-opening issues, such as the FSX, defence
+ministry officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17231" NEWID="11170">
+<DATE>31-MAR-1987 00:59:46.55</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0028&#31;reute
+b f BC-JAPAN-HOUSING-STARTS   03-31 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN HOUSING STARTS RISE IN FEBRUARY</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Japan's housing starts in February rose
+13.4 pct from a year earlier to 109,254, the 10th successive
+year-on-year gain, the Construction Ministry said.
+    February housing starts were up 16.8 pct from 93,554 in
+January when they fell 27.4 pct from a month earlier but rose
+10.3 pct from a year earlier.
+    Higher housing starts were mainly due to a 26.8 pct
+year-on-year rise in apartment building starts to 51,829 for
+the 56th consecutive gain, spurred primarily by lower domestic
+interest rates.
+ RUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17232" NEWID="11171">
+<DATE>31-MAR-1987 01:16:43.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0032&#31;reute
+u f BC-WOODSIDE-SAYS-LOSS-RE   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOODSIDE SAYS LOSS REFLECTS LOWER OIL PRICES</TITLE>
+<DATELINE>    MELBOURNE, March 31 - </DATELINE><BODY>Woodside Petroleum Ltd &lt;WPLA.S> said
+its 1986 net loss largely reflected the drop in oil prices
+combined with a large tax provision.
+    Woodside earlier reported attributable net loss rose to
+17.14 mln dlrs in 1986 from 8.73 mln in 1985, although group
+revenue rose to 220.84 mln from 173.50 mln.
+    It said it should have received a 1.7 mln dlr tax credit
+but instead made a 10.04 mln dlr tax provision. This largely
+related to its &lt;Vamgas Ltd> unit, non-allowable exchange losses
+and tax benefits from the North-West Shelf project not
+recognised in the accounts.
+    Woodside said the rise in revenue largely reflected full
+year sales of gas and condensate from the domestic phase of the
+Shelf project, against six month sales in 1985.
+    Offsetting this was a 23 pct fall in the Cooper Basin gas
+and liquids revenue of its 50.6 pct-owned Vamgas unit.
+    Since the balance date Woodside has accepted a Santos Ltd
+&lt;STOS.S> takeover offer for Vamgas.
+    Woodside said a 92.8 mln dlr capital profit on the sale
+would be included in the 1987 accounts.
+    It said it lifted capital spending on fixed assets to 269.6
+mln dlrs from 178.3 mln, mostly on the Shelf project.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17233" NEWID="11172">
+<DATE>31-MAR-1987 01:24:13.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0034&#31;reute
+u f BC-CHINA-GETS-RARE-CRITI   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA GETS RARE CRITICISM DURING PEOPLE'S CONGRESS</TITLE>
+<AUTHOR>    By Stephen Nisbet, Reuters</AUTHOR>
+<DATELINE>    PEKING, March 31 - </DATELINE><BODY>Charges of public sector waste,
+corruption and neglect of agriculture have surfaced amid the
+compliments in debates at the annual session of China's
+parliament, the National People's Congress (NPC).
+    China's top entrepreneur Rong Yiren, chairman of the China
+International Investment and Trust Corporation (CITIC), who
+also represents Shanghai in the NPC, attacked the "profit before
+everything" mentality which he said led to theft, embezzlement
+and extravagant gifts and banquets.
+    Public criticism of policy is rare in China.
+    The New China News Agency quoted comments by NPC members on
+Premier Zhao Ziyang's draft work program for the year ahead.
+    The rural lobby was active. Deputies from three provinces
+said Zhao was not forceful enough in tackling their problems.
+One said the state had cut spending on agriculture from 11 pct
+of total capital investment in 1979 to three or four pct today.
+"This is incompatible with the important place occupied by
+agriculture," he said.
+    Other deputies said the state had broken promises to
+improve fertiliser, oil and seed supplies to their provinces.
+    Although another congress member was quoted by the agency
+as saying Zhao's opening speech last week was "discreet,
+appropriate, comprehensive and assuring," others said the
+government had spent too much or too little.
+    One member, described as a person with no party
+affiliation, said people were worried about the state's budget
+deficit, projected to reach more than two billion dlrs this
+year.
+    "The deficit is due not only to the sharp drop in oil price,
+but also to lavishness and waste of funds, which should be
+stopped," he said.
+    "The National People's Congress used to be a rubber stamp,
+but now it is a little bit more than that," said a western
+diplomat, referring to the range of debate.
+    Another western diplomat said the Communist Party had
+granted a slightly greater role to the Congress in the last two
+or three years and some of its members were testing out their
+influence.
+    The committee's decision to strike from the agenda a
+controversial plan to give greater power to management of state
+enterprises and less to local party committees caused raised
+eyebrows, the diplomat added.
+    One diplomat said Zhao's keynote speech could emerge in
+slightly amended form at the end of the 2-1/2 week session in
+the Great Hall of the People.
+    She said there had been similar changes one year ago, when
+the Congress added words about the importance of ideological
+education and the need to help poorer provinces left behind in
+China's uneven march to greater prosperity.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17234" NEWID="11173">
+<DATE>31-MAR-1987 01:35:24.14</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0041&#31;reute
+u f BC-THAILAND-EXPECTS-SMAL   03-31 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAILAND EXPECTS SMALLER SUGARCANE OUTPUT</TITLE>
+<DATELINE>    BANGKOK, March 31 - </DATELINE><BODY>Thailand's sugarcane output will fall
+to about 23.55 mln tonnes in the 1986/87 (November-October)
+season from 24.09 mln in 1985/86, the Agriculture Ministry
+said.
+    It said a January survey put the total area under sugarcane
+at 545,528 hectares, down from 556,860 hectares the previous
+year.
+    The national average yield is expected to fall to 43.17
+tonnes/hectare from 43.22 tonnes in 1985/86, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17235" NEWID="11174">
+<DATE>31-MAR-1987 01:36:48.23</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0042&#31;reute
+u f BC-EUROPEAN-COMMUNITY-TO   03-31 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN COMMUNITY TO SET UP OFFICE IN PEKING</TITLE>
+<DATELINE>    PEKING, March 31 - </DATELINE><BODY>China and the European Community (EC)
+signed an agreement on the establishment of an EC office here.
+    Chinese vice-foreign minister Zhou Nan and the EC's
+external relations commissioner, Willy De Clercq, signed the
+accord. EC sources said the office was likely to open in the
+second half of this year.
+    In 1986 the EC was China's third largest trading partner,
+with Chinese imports from the EC worth 5.7 billion dlrs and
+exports worth 2.6 billion dlrs.
+    De Clercq told the official China Daily that more joint
+ventures should be set up in China as a way of reducing China's
+trade deficit with the EC.
+    The EC's affairs in China are currently looked after by
+whichever country holds the group's six-monthly rotating
+presidency, now held by the Belgians until the Danes take over
+in July.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17236" NEWID="11175">
+<DATE>31-MAR-1987 01:44:28.68</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0047&#31;reute
+u f BC-TRADE-FRICTION-THREAT   03-31 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE FRICTION THREATENS TO TOPPLE NAKASONE</TITLE>
+<AUTHOR>    By Linda Sieg, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone may have
+been dealt a fatal political blow by the yen's renewed rapid
+rise and the threat of a trade war with the United States,
+political analysts said.
+    Nakasone, already under fire over an unpopular tax reform
+plan, may now be forced to resign before the June economic
+summit of seven industrialised nations if local elections later
+next month go against candidates from his ruling Liberal
+Democratic Party (LDP), they said.
+    "The close relationship between Nakasone and President
+Reagan was an important element of Nakasone's power base,"
+Waseda University Political Science Professor Mitsuru Uchida
+told Reuters. "So the emergence of U.S. Criticism damages
+Nakasone."
+    Even before the latest trade friction flared, Nakasone was
+encountering criticism not only from opposition parties but
+also within his own LDP over his proposal to levy a sales tax.
+    "Many factions within the LDP are distancing themselves from
+Nakasone," Uchida said. "His position within the LDP itself is
+not so strongly established today."
+    Nakasone, who has been more popular with the general public
+than with many LDP members, is now seeing his public support
+eroded, the analysts said.
+    The yen's rise to record highs and the U.S. Threat on
+Friday to impose tariffs on Japanese electronics goods in
+retaliation for Japan's alleged violation of a microchip trade
+pact are now giving Nakasone's critics fresh ammunition, the
+analysts said.
+    "Apparently the special relationship between Reagan and
+Nakasone hasn't worked effectively," Rei Shiratori, director of
+the Institute for Political Studies in Japan, said.
+    This is making the Japanese people doubt Nakasone's
+credibility, Shiratori told Reuters.
+    The cumulative impact of the sales tax issue, the yen's
+rise and mounting trade friction could mean serious LDP losses
+in the April 11 and 26 local elections, analysts said.
+    "If the elections go against the LDP, Nakasone may have to
+resign early," Shiratori said.
+    But Nakasone still has a chance to soothe U.S. Tempers
+before or during his week-long Washington visit from April 29,
+some analysts said.
+    However, "unless the Japanese political system can move more
+quickly to give Nakasone some nice present to take to
+Washington on smouldering trade issues, he will face a very
+hostile audience," said Merrill Lynch Securities economist
+William Sterling.
+    "If the trip is a major disaster, it would seem to put the
+final nail in his coffin," he said.
+    Reagan's own weakened domestic position, and growing
+Republican as well as Democratic anger with Japan, argue
+against a quick settlement to the trade dispute, the analysts
+said.
+    But a desire on both sides to find some solution, coupled
+with uncertainty at home and abroad over likely successors to
+Nakasone, could still lead to an attempt to paper over the
+differences and aid Nakasone, they said.
+    "One factor against a trade war may be that Washington is
+not anxious to push Nakasone into his grave," Sterling said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17237" NEWID="11176">
+<DATE>31-MAR-1987 02:06:42.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0071&#31;reute
+b f BC-NAKASONE-SAYS-JAPAN-P   03-31 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE SAYS JAPAN PLANS DRASTIC ECONOMIC PACKAGE</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone said
+Japan plans to work out a drastic set of pump-priming measures
+immediately after Parliament passes the 1987/88 budget.
+    He told a Lower House budget committee the government is
+likely to consider a supplementary budget for fiscal 1987 and a
+new policy for the ceiling on budgetary requests by government
+agencies and ministries for 1988/89.
+    The government had cut budgetary requests in the past five
+years in line with Nakasone's fiscal reconstruction policy of
+stopping the issue of deficit-covering bonds by fiscal 1990.
+    The passage of the budget is expected in late May.
+    Finance Minister Kiichi Miyazawa said in the same session
+Japan should use fiscal funds as much as possible to meet
+domestic and foreign demands for greater domestic growth.
+    Miyazawa said it appears difficult for the government to
+stop the deficit-financing bond issues by the targetted time.
+    Nakasone said he had instructed his Liberal Democratic
+Party to prepare its own economic package in time for his
+one-week visit to Washington starting on April 29.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17238" NEWID="11177">
+<DATE>31-MAR-1987 02:22:05.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0083&#31;reute
+b f BC-CSR-SELLING-DELHI-TO   03-31 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSR SELLING DELHI TO EXXON UNIT, DROPS DELHI FLOAT</TITLE>
+<DATELINE>    SYDNEY, March 31 - </DATELINE><BODY>CSR Ltd &lt;CSRA.S> and Exxon Corp &lt;XON>
+unit &lt;Esso Exploration and Production Australia Inc> said CSR
+has agreed to sell its &lt;Delhi Australia Fund> (DAF) to Esso for
+985 mln Australian dlrs.
+    The sale is effective from tomorrow, they said in a joint
+statement.
+    The previously announced float of part of its Delhi
+interest will not now proceed, CSR said in the statement.
+    Delhi Australia Fund owns &lt;Delhi Petroleum Pty Ltd>, which
+holds an average of 25 pct in the Santos Ltd &lt;STOS.S>-led
+Cooper and Eromanga Basin gas and liquids projects.
+    In addition to the purchase price, CSR will share equally
+in any returns due to increases in crude oil and condensate
+prices over certain levels for liquids produced from Delhi's
+interests in the next two years, the statement said.
+    "The Esso proposal to purchase all the Delhi interest will
+be more beneficial to our shareholders than proceeding with the
+float," CSR chief executive Bryan Kelman said in the statement.
+    Kelman said the sale of Delhi would enable CSR to focus
+efforts on expanding business areas such as sugar and building
+materials in which CSR has had long and successful management
+experience and strong market leadership.
+    With the sale, CSR will be able to expand those businesses
+more aggressively and earlier, he said.
+    As reported separately, soon after announcing the Delhi
+sale CSR launched a takeover bid for the 68.26 pct of &lt;Pioneer
+Sugar Mills Ltd> that it does not already hold, valuing its
+entire issued capital at 219.6 mln dlrs.
+    After Bass Strait, the onshore Cooper and Eromanga Basin is
+Australia's largest oil and gas producing area with current
+gross oil production of 45,000 barrels per day (BDP), gas
+liquids output of 30,000 BPD and gas sales of 480 mln cubic
+feet a day, the CSR-Esso statement said.
+    The purchase gives Esso, a 50/50 partner with The Broken
+Hill Pty Co Ltd &lt;BRKN.S> in the Bass Strait, its first onshore
+production in Australia, they said.
+    Esso's chairman Stuart McGill said he hoped Esso can assist
+in maintaining the high rate of oil and gas discoveries in the
+Cooper-Eromanga area.
+    "These discoveries will help Australia's self-sufficiency in
+oil reserves thereby offsetting in part the decline in Bass
+Strait production now under way," McGill said.
+    In a separately released letter to CSR shareholders, Kelman
+said CSR was within days of completing plans for the float of
+CSR Petroleum when it received an offer from Esso.
+    He said CSR is convinced the sale was the correct decision
+in view of the risks associated with the oil business.
+    The price-sharing arrangement provides for CSR to share
+equally with Esso in higher returns if oil prices average more
+than 20 U.S. Dlrs a barrel in the next two years, he said.
+    Kelman said a revaluation of CSR's investment in Delhi to
+net realisable value as of today, CSR's annual balance-date,
+will result in an extraordinary loss of 97 mln dlrs.
+    However, revaluations and profits on sales of other assets
+will significantly reduce this loss, he said.
+    He also said that CSR is sufficiently encouraged by future
+prospects and the opportunity to reposition the group in core
+businesses to foreshadow an increase in final dividend payable
+in July to 10 cents from nine to make an annual 19 cents
+against 18 in 1985/86.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17239" NEWID="11178">
+<DATE>31-MAR-1987 02:24:52.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0087&#31;reute
+u f BC-CHINA-RURAL-INDUSTRY   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA RURAL INDUSTRY FACES PROBLEMS IN ADVANCING</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    HONGSHAN, China, March 31 - </DATELINE><BODY>Workers in China's rural
+factories are struggling against a variety of problems to
+maintain the momentum of progress since industrialisation of
+the countryside began in the 1970s.
+    "When I was a child, we had no bicycles. We went everywhere
+on foot. The land here is salty, so the harvests were not good.
+Money and food were inadequate. When it rained, the water
+leaked through the grass roof," said Li Wenxian, 31, of Hongshan
+in Zhejiang. Now he and other villagers live in large
+two-storey concrete homes with balconies and courtyards.
+    But still they face formidable difficulties. Many rural
+factories are unable to get the raw materials they need, or
+else they find they have become too expensive.
+    Gao Jianming, an official of Zhejiang's Rural Industry
+department, said Zhejiang firms scour China for raw materials,
+which sometimes they barter for finished goods.
+    The People's Daily this month reported about 60 pct of
+China's rural factories operate below capacity because of power
+shortages. It said many rural factories lose money because of
+these problems and difficulties in getting credit, poor quality
+of goods and competition from larger state firms.
+    "Electricity is short. In the busiest periods on the farms
+the factories work three to four days a week so that
+agriculture can have all the power it needs. But more power is
+available at night or on Sundays," Gao said.
+    Rural factories mostly operate outside official plans,
+which allocate raw materials under quota at cheap prices to
+state firms. They have to compete on the open market for raw
+materials whose prices are driven up by demand.
+    Li said Hongshan does not suffer from power shortages only
+because its cement factory provides cheap cement to the
+electricity supply department.
+    The raw materials of Hongshan's cement have to come
+hundreds of miles from central China by rail or canal, while
+its textile factories buy fabric from the far northeast.
+    The industrialisation of rural China began in the late
+1970s, a key part of top leader Deng Xiaoping's economic
+reforms. Deng wanted to harness the manpower of the
+countryside, but keep it there and not draw it to the cities.
+    Hongshan set up factories and businesses because there was
+not enough work on the land for its 3,700 people. Now just 120
+of its workers work full-time on the land. The rest work in 23
+factories making cement, plastics and textiles.
+    The transformation of the rural economy is most noticeable
+along the eastern seaboard where communications are good,
+labour plentiful, land fertile and large markets nearby.
+    Gao said rural factories in Zhejiang now employ 25 pct of
+the province's labour force. In 1985 such factories, for the
+first time, produced more in value than the province's farms.
+    "The industrialising process is not over. When our farms are
+more mechanised, and not many are now, more labour will become
+available. There is a very big potential," Gao said.
+    Rural industry in Zhejiang has grown by more than 20 pct a
+year since 1980, faster than any other sector of the economy.
+    Goods from Hongshan's factories are sold all over China.
+    Villager Li said when Hongshan started building factories
+in 1975 it was illegal, but local leaders approved it on
+condition no state money was invested.
+    "We borrowed money to start our cement factory and have
+relied on our own resources since then," he said.
+    Another worker in a Hongshan tea-growing collective said
+before rural industrialisation there was no point in working
+hard, because most people earned the same.
+    "The laziest in the commune used to laugh at those of us who
+worked more, but got the same," she said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17240" NEWID="11179">
+<DATE>31-MAR-1987 02:32:23.48</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>india</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0103&#31;reute
+u f BC-JAPAN-TO-PAY-FIVE-PCT   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO PAY FIVE PCT LESS FOR INDIAN IRON ORE</TITLE>
+<DATELINE>    NEW DELHI, March 31 - </DATELINE><BODY>Japan will pay five pct less for the
+Indian iron ore it imports in fiscal 1987/88 starting April 1
+than the average 18 dlrs a tonne it paid in 1986/87, a
+government trade official told Reuters.
+    He said India had agreed to export to Japan about 23 mln
+tonnes of iron ore in 1987/88, about the same as in the current
+year.
+    The official described the agreement as satisfactory
+overall. He said it was signed by an official Indian trade
+delegation and Japanese businessmen in Tokyo last week.
+    The official said it was encouraging that Japan had agreed
+not to reduce ore imports from India although Japan's total
+iron ore imports would be lower in the coming year because of
+the recession in the Japanese steel industry.
+    He said Japanese ore imports in calendar 1987 would total
+96 mln tonnes, compared with 103.5 mln in 1986.
+    Government officials said India's total ore exports are
+likely to rise to between 33 and 34 mln tonnes in 1987/88,
+against a provisionally estimated 31 mln in 1986/87.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17241" NEWID="11180">
+<DATE>31-MAR-1987 02:39:37.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0121&#31;reute
+u f BC-NEW-N.Z.-POST-OFFICE   03-31 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW N.Z. POST OFFICE BANK TO GET CASH INJECTION</TITLE>
+<DATELINE>    WELLINGTON, March 31 - </DATELINE><BODY>The new state-owned Post Office Bank
+Ltd (POB) will receive 135 mln dlrs from the government to
+boost its assets and will be capitalised at 300 mln dlrs of
+which 250 mln will be provided immediately, according to the
+agreement establishing the POB.
+    The agreement is the first to be finalised between the
+government and nine new state-owned corporations which start
+business at midnight.
+    It was announced in a joint statement by Finance Minister
+Roger Douglas, Postmaster General Jonathan Hunt and POB
+chairman Robin Congreve.
+    The POB will take over the former Post Office Savings Bank
+and the 135 mln dlr cash injection will match assets with
+liabilities.
+    POB director Bill Birnie told reporters that assets
+totalled 2.7 billion dlrs before the injection.
+    The ministers said the government will continue to
+guarantee existing liabilities and will extend its guarantee to
+new liabilities assumed before June 30, 1988.
+    Congreve said the POB will operate as a retail bank and
+most of its lending will be for housing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17242" NEWID="11181">
+<DATE>31-MAR-1987 02:59:17.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0146&#31;reute
+b f BC-COMMERZBANK-INCREASES   03-31 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERZBANK INCREASES DIVIDEND, PARENT NET PROFIT</TITLE>
+<DATELINE>    FRANKFURT, March 31 - </DATELINE><BODY>Commerzbank AG &lt;CBKG.F> said a
+dividend of nine marks would be proposed for ordinary
+shareholders on 1986 earnings after eight in 1985.
+    It added in a statement that parent net profit rose to
+288.2 mln marks in 1986 from 221.7 mln the prior year.
+    A Commerzbank spokesman noted the figures were,however,
+preliminary and required approval of the bank's supervisory
+board which meets today.
+    The Commerzbank statement added the distributable profit
+last year rose to 228.2 mln marks from 161.7 mln in 1985.
+    With inclusion of the corporate tax allowance, qualifying
+domestic shareholders would receive an effective dividend of
+14.06 marks per share.
+    Total dividend payout would rise to 186.8 mln marks from
+142.0 mln on 1985 earnings due to the increase in the dividend
+and in equity capital, it added.
+    From the parent net profit, 60 mln marks would be placed in
+published reserves, unchanged from the two prior years.
+    The shareholders' meeting take place on May 22 in Hamburg.
+    The statement said holders of Commerzbank participation
+certificates in a total nominal value of 425 mln marks would
+receive the remaining 41.4 mln marks of the distributable
+profit. Aside from the basic payment of 8.25 pct of nominal
+value, certificate holders would receive an additional 1.5 pct.
+    The management board of the bank would also propose two
+capital measures to shareholders in order to be able to react
+quickly to new challenges.
+    It would ask for authorised capital of a nominal 200 mln
+marks for the issue of new shares and for 300 mln for the issue
+of warrant bonds, both for the period until April 30, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17243" NEWID="11182">
+<DATE>31-MAR-1987 03:10:43.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0157&#31;reute
+u f BC-FUJI-FILM-&lt;FUJI.T>-TO   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUJI FILM &lt;FUJI.T> TO SET UP WEST GERMAN UNIT</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Fuji Photo Film Co Ltd will set up a
+wholly-owned subsidiary in Kleve, West Germany, to produce
+video cassette tapes, a spokesman said.
+    The company, &lt;Fuji Magnetics GmbH>, will be capitalised at
+25 mln marks and produce two mln tapes a month for the European
+market from early 1988, he said.
+    Total investment will be about 100 mln marks and the plant
+will create 200 jobs, including about 190 for local workers.
+    Fuji Photo plans to make the Kleve plant its European
+production centre for magnetic products, and may make audio
+cassette tapes and floppy discs later, the spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17244" NEWID="11183">
+<DATE>31-MAR-1987 03:11:11.89</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0158&#31;reute
+u f BC-INDIA-REDUCES-EXPORT   03-31 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA REDUCES EXPORT DUTY ON COFFEE</TITLE>
+<DATELINE>    NEW DELHI, March 31 - </DATELINE><BODY>India cut the export duty on coffee
+to 330 rupees per 100 kg from 600 rupees, effective March 23, a
+Coffee Board official said.
+    The reduction should help India reach its coffee export
+target of 90,000 tonnes in fiscal 1987/88 ending March 31,
+against provisionally estimated exports of 75,000 tonnes in
+1986/87 and an actual 99,254 tonnes in 1985/86, he said.
+    India is likely to press for international export quotas at
+a meeting of coffee producers in London this week because of
+depressed prices, he added.
+    The International Coffee Organisation, which represents
+both consumers and producers, has so far failed to reach
+agreement on quotas.
+    India feels it will be useful to have quotas now because
+the slide in prices is unlikely to be halted immediately, he
+said.
+    Export quotas were suspended in February 1986 when market
+prices surged after a drought devastated Brazil's coffee crop.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17245" NEWID="11184">
+<DATE>31-MAR-1987 03:19:00.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0175&#31;reute
+u f BC-PHILIPPINES-CONFIRMS   03-31 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES CONFIRMS PREPAYMENTS ON NEW DEBT PACT</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 31 - </DATELINE><BODY>Finance Secretary Jaime Ongpin has
+confirmed the Philippines agreed to make token prepayments of
+principal to foreign banks as part of a 10.3 billion dlr debt
+restructuring package.
+    A Reuters report from New York yesterday quoted bankers as
+saying Manila will pay 111 mln dlrs over 1987, 1988 and 1989.
+    But Ogpin denied Manila was playing down the prepayment
+aspect of the restructuring.
+    "They are public documents and there is nothing secret about
+it," he told Reuters.
+    The debt accord, announced last Friday, stretched
+repayments of 10.3 billion dlrs over a 17-year period with a
+seven and a half year grace period and an interest rate margin
+of 7/8 percentage points over Eurodollar rates.
+    Ongpin said the prepayments were part of "seven different
+scenarios" Philippine negotiators prepared before the talks.
+    "It was one of the many options we offered the banks in
+order to win an attractive pricing," he said.
+    The prepayments were on a 925 mln dlr nine-year loan signed
+in 1985, which carried a four-year grace period. Principal
+repayments were not due until 1990.
+    Ongpin said the prepayments would hardly affect the
+Philippines' balance of payments position.
+    "There is no problem in financing it -- the prepayments
+constitute about 1.5 pct of current international reserves of
+2.5 billion dlrs," he said.
+    "We do plan to cover the costs by selling Philippine
+Investment Notes (PINs) worth about 150 mln dlrs a year."
+    PINs are negotiable, foreign-currency denominated
+instruments that will be offered to creditor banks and are
+designed for conversion into pesos to fund government-approved
+equity investments within the Philippines.
+    Ongpin said Manila would have to repay about 200 mln dlrs a
+year when amortisations on the 925 mln dlr loan came up.
+    He said the 12-bank advisory committee sent telexes of the
+accord to the country's 483 creditor banks and he expected
+documentation and agreement from all of them by July.
+    Foreign bankers here said the pact gave Manila the largest
+interest rate cut among major debtor nations.
+    They said Mexico's new debt package last October marked a
+1/16 point drop from its 1985 debt agreement, while Manila's
+new pact slashed its 1985 agreement by up to 3/4 percentage
+points.
+    Venezuela's new margin last month was only a 1/4 point drop
+from the rate agreed in a rescheduling accord in 1986, the
+bankers said.
+    "Add to this the fact that Manila has frozen principal
+repayents since 1983, while Venezuela has amortised six billion
+dlrs in foreign debt since 1984 and will have paid back more
+than eight billion dlrs by the end of this year," one added.
+    Ongpin said Manila's 7/8 margin meant the Philippines would
+pay about 100 mln dlrs a year in interest when its grace period
+ended.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17246" NEWID="11185">
+<DATE>31-MAR-1987 03:22:55.00</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0184&#31;reute
+r f BC-SWEDISH-CURRENT-ACCOU   03-31 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH CURRENT ACCOUNT DEFICIT RISES IN JANUARY</TITLE>
+<DATELINE>    STOCKHOLM, March 31 - </DATELINE><BODY>Sweden's balance of payments on
+current account showed a deficit of 500 mln crowns in January
+after a shortfall of 100 mln in December, Central Bank figures
+showed.
+    This compared with a deficit of 1.3 billion in January
+1986, the Bank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17247" NEWID="11186">
+<DATE>31-MAR-1987 03:24:41.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0188&#31;reute
+u f BC-JAPANESE-HESITATE-TO   03-31 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE HESITATE TO INVEST IN WEST GERMAN STOCKS</TITLE>
+<AUTHOR>    By Jeff Stearns, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Japanese investors are reluctant to buy
+West German stocks, now considered one of the most attractive
+buys around after having taken a beating for the past two
+years, investment managers said.
+    Although the Frankfurt stock market is one of the world's
+largest in capitalisation, wealthy Japanese institutions view
+it as too small. They also worry about venturing into a market
+from which British investors have recently bailed out, they
+said.
+    "There's not enough turnover there to absorb the amount of
+buying Japanese want to do," one West German investment manager
+said. There is a danger Japanese institutions may be unable to
+liquidate their holdings quickly if the market takes a sudden
+downturn, he added.
+    "Japanese familiarity with West German stocks is also
+limited," another investment manager said. "They know the blue
+chips, but there are too many other names they don't know."
+    The recent rapid advance of the Tokyo stock market has also
+deterred Japanese from wandering off to markets abroad,
+investment managers said.
+    Japanese fund managers are afraid of criticism if they buy
+into unsure overseas markets while the market at home continues
+to advance, said Seiji Yamamoto, senior manager at Dresdner ABD
+Securities Ltd's Tokyo branch.
+    If gains from investments abroad lag behind those possible
+from the Tokyo market, they could face difficulty explaining
+their funds' performance, he added.
+    The Frankfurt market's 15 pct depreciation just since the
+beginning of this year has also been causing Japanese investors
+to turn away, one investment manager said.
+    The Frankfurt slump stems from expectations of slow
+corporate growth due to the mark's strength against the dollar
+and a withdrawal of funds by British institutions just before
+the London market's liberalisation last year, the investment
+manager said. "Right now Japanese investors are taking a
+wait-and-see attitude while the condition of the market remains
+unfavourable," he said.
+    Although there has been some nibbling of West German
+stocks, particularly last week, most of the buys were for
+short-term trades rather than long-term investments, an
+investment advisor at a West German firm said.
+    Investment managers believe, however, that genuine interest
+in West German stocks could develop within the next three to
+six months.
+    Japanese fund managers still favour the New York and the
+London markets over the Frankfurt market but they are
+interested in diversifying some of their funds, they said.
+    Some managers have been travelling in Europe, looking for
+new opportunities, and are unlikely to ignore West German
+stocks, especially with the average price/earnings ratio at
+about 11, they said.
+    The Frankfurt ratio compares with about 16 for the U.S. And
+London markets and 52 for the Japanese market, Guenter
+Kirchhain, first vice president for Deutsche Bank AG said.
+    "This mismatching will sooner or later generate an enormous
+alignment potential," he said. The West German market could
+reasonably have an average price/earnings ratio of around 16,
+he added.
+    Japanese investment plans may soon become clearer as many
+institutions begin their new business years in April, he said.
+    However, one fund manager does not agree that new
+investment in West Germany will come that soon.
+    "Japanese do not buy into a market with declining
+fundamentals," he said. When West Germany's fundamental economic
+indicators appear to have bottomed out, that will be the
+turning point for their investments, he added.
+    Another manager said the Japanese are waiting to see the
+investment trends set by U.S. And British investors in the West
+German market.
+    "They are waiting for someone to make the first move," he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17248" NEWID="11187">
+<DATE>31-MAR-1987 03:29:32.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0207&#31;reute
+u f BC-HITACHI-EXPECTS-TO-AC   03-31 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HITACHI EXPECTS TO ACHIEVE SALES ESTIMATE</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Hitachi Ltd &lt;HIT.T> expects to achieve
+its parent company sales estimate of 2,900 billion yen in the
+year ending March 31, helped by high general-use ultra-large
+computer sales and despite the higher-than-expected yen.
+    Current profits are unlikely to reach the estimated 90
+billion yen as the currency's rise has reduced the value of
+foreign bond holdings, but the company will retain a nine yen
+dividend for 1986/87, a spokesman said.
+    Current profits in the year to end-March 1986 fell 38.2 pct
+from a year before to 158.04 billion yen on sales of 3,003
+billion, down 0.8 pct, mainly due to the yen's appreciation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17249" NEWID="11188">
+<DATE>31-MAR-1987 03:32:43.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0211&#31;reute
+u f BC-LLOYDS,-ROYAL-CANADA   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLOYDS, ROYAL CANADA TRIM HONG KONG OPERATIONS</TITLE>
+<DATELINE>    HONG KONG, March 31 - </DATELINE><BODY>Lloyds Bank Plc &lt;LLOY.LON> and the
+Royal Bank of Canada &lt;RY.TOR> are winding down the primary side
+of their capital markets activities in Hong Kong, the chief
+executives of the two banks said.
+    "We are withdrawing from the primary market in Asia," said
+Barry Maddams, Lloyds' general manager here. "It is basically
+unprofitable."
+    The bank's treasury and capital markets activites,
+previously conducted separately at the commercial bank branch
+and its merchant banking arm Lloyds Asia Ltd, are now being
+consolidated within the commercial bank, he said.
+    Maddams said the bank has not decided whether it will
+surrender Lloyds Asia's registration as a deposit taking
+company (DTC), but it will keep another DTC registration for
+LBI Finance (HK) Ltd as a booking vehicle. He did not say how
+many jobs will be affected.
+    Royal Canada has surrendered the licence of its DTC unit
+Orion Royal Pacific Ltd, though it still has some assets and
+uses the name, said Vincent Fan, bank chief executive here.
+    He said 16 jobs will be lost due to the phase-out of
+merchant banking, while syndication and other banking
+activities will be continued by the commercial bank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17250" NEWID="11189">
+<DATE>31-MAR-1987 03:33:49.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0215&#31;reute
+u f BC-NORTH-RHINE-WESTPHALI   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH RHINE-WESTPHALIA TO ISSUE BOND TODAY</TITLE>
+<DATELINE>    DUESSELDORF, West Germany, March 31 - </DATELINE><BODY>The West German
+federal state of North Rhine-Westphalia will issue a domestic
+mark bond this afternoon, a syndicate manager for the
+Westdeutsche Landesbank Girozentrale, WestLB, said.
+    The most recent issue for the state traded today at a yield
+of 6.24 pct, one bank dealer said.
+    Dealers expect today's issue to have a coupon of 6-1/8 pct.
+The volume of the issue is expected to be one billion marks.
+    The last issue for one billion marks carried a 6-1/4 pct
+coupon for 10 years with a price of 99.65 for an issue yield of
+6.30 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17251" NEWID="11190">
+<DATE>31-MAR-1987 03:37:29.19</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0224&#31;reute
+b f BC-WORLD-ZINC-STOCKS-FAL   03-31 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD ZINC STOCKS FALL 7,700 TONNES IN FEBRUARY</TITLE>
+<DATELINE>    EINDHOVEN, March 31 - </DATELINE><BODY>World closing stocks of primary zinc
+at smelters, excluding Eastern Bloc countries, fell 7,700
+tonnes in February to 459,100 tonnes from 466,800 (revised from
+449,600) in January, compared with 403,700 in February 1986,
+provisional European Zinc Institute figures show.
+    February closing stocks of primary zinc at European
+smelters, excluding Yugoslavia, fell 4,500 tonnes to 160,000
+from 164,500 (revised from 164,300) in January, compared with
+126,700 in February 1986.
+    Total world zinc production, excluding Eastern Bloc
+countries, fell to 390,800 tonnes in February from 419,900
+(revised from 419,600) in January. February 1986 production was
+378,600 tonnes.
+    European zinc production, including estimates for
+Yugoslavia, fell to 152,900 tonnes in February from 164,200 in
+January, compared with 156,400 in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17252" NEWID="11191">
+<DATE>31-MAR-1987 03:40:07.54</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0227&#31;reute
+u f BC-FINNISH-ECONOMIC-GROW   03-31 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH ECONOMIC GROWTH PUT AT THREE PCT IN 1987</TITLE>
+<DATELINE>    HELSINKI, March 31 - </DATELINE><BODY>Finland's gross national product is
+expected to rise by three pct in 1987 against two pct in 1986
+and inflation will be unchanged at about 3.5 pct, the private
+business survey office ETLA predicted.
+    Unemployment in 1987 is put at 5.5 pct, in line with last
+year, the office predicted in its regular review.
+    The balance of payments would show a five billion markka
+deficit in 1987, against a 4.2 billion deficit in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17253" NEWID="11192">
+<DATE>31-MAR-1987 03:52:14.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0241&#31;reute
+u f BC-SHANDWICK-BUYS-LOS-AN   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHANDWICK BUYS LOS ANGELES PR COMPANY</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Public Relations consultancy &lt;Shandwick
+Plc> said it had agreed to buy the Los Angeles-based &lt;Rogers
+and Cowan Inc> which specialises in the entertainment industry.
+    A total of 2.25 mln dlrs is payable on completion, 1.5 mln
+will be injected into the business through an interest free
+loan and the expenses of the acquisition amount to 660,000 stg.
+    Shandwick said it would raise 5.1 mln stg through the
+placing of 1.16 mln shares to finance the deal, with the
+balance of 2.04 mln stg used to strengthen the balance sheet
+and in anticipation of future performance-related payments.
+    In the year to end-September Rogers' operating income was
+more than 10 mln dlrs. After the acquisition Shandwick's U.S.
+Operating income will be comparable to that it earns in the
+U.K.
+    Rogers' estimated that pretax profit in the year to
+end-1987 would exceed 900,000 dlrs. An extraordinary loss of
+504,000 dlrs in 1986 resulted from the write off of assets.
+    Net tangible assets at end-September were 363,000 dlrs.
+    Shandwick shares were unchanged at 460p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17254" NEWID="11193">
+<DATE>31-MAR-1987 03:54:26.31</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0246&#31;reute
+b f BC-U.K.-MONEY-MARKET-OFF   03-31 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET OFFERED EARLY ASSISTANCE</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>The Bank of England said it had invited
+an early round of bill offers from the discount houses after
+forecasting a very large shortage of around 1.75 billion stg in
+the money market today.
+ MORE
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17255" NEWID="11194">
+<DATE>31-MAR-1987 03:55:27.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0247&#31;reute
+b f BC-SMITH-AND-NEPHEW-ISSU   03-31 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITH AND NEPHEW ISSUES CONVERTIBLE EUROBOND</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Smith and Nephew Associated Companies
+Plc is issuing an 85 mln stg convertible eurobond due May 7,
+2002 paying a fixed coupon of four pct and priced at par, lead
+manager Credit Suisse First Boston Ltd said.
+    The issue is callable at 106 pct declining by one pct per
+annum to par thereafter but is not callable until May 7, 1993
+unless the share price exceeds the conversion price by 130 pct
+or the issue is more than 95 pct converted.
+    There is a put option on May 7, 1993 which will give the
+investor an indicated annual yield to the put of 8-1/2 to 8-3/4
+pct. Final terms will be fixed on, or before, April 8.
+    The selling concession is 1-1/2 pct while management and
+underwriting each pay 1/2 pct. The payment date is May 7.
+    The expected conversion premium is eight to 12 pct and the
+issue is convertible into Smith and Nephew ordinary shares.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17256" NEWID="11195">
+<DATE>31-MAR-1987 03:57:50.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0252&#31;reute
+b f BC-BANK-OF-JAPAN-TO-SELL   03-31 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 800 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>The Bank of Japan will sell tomorrow a
+total of 800 billion yen worth of financing bills from its
+holdings to help absorb a projected money market surplus of
+1,700 billion yen, money traders said.
+    Of the total, 300 billion yen will yield 3.8992 pct on
+sales from money houses to banks and securities houses in a
+23-day repurchase accord maturing on April 24.
+    The remaining 500 billion yen will yield 3.8990 pct in a
+31-day repurchase pact maturing on May 2, they said.
+    The repurchase agreement yields compare with the 3.8750 pct
+one-month commercial bill discount rate today and the 4.28/11
+pct rate on one-month certificates of deposit.
+    Tomorrow's surplus is attributable to excess bank holdings
+from sales of yen to buy dollars and to huge cash amounts to be
+redeposited at banks after the current financial year-end
+today, the traders said.
+    The operation will put the outstanding bill supply at about
+3,200 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17257" NEWID="11196">
+<DATE>31-MAR-1987 04:00:16.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0257&#31;reute
+b f BC-HUTCHISON-ANNOUNCES-B   03-31 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUTCHISON ANNOUNCES BONUS ISSUE OF NEW "B" SHARES</TITLE>
+<DATELINE>    HONG KONG, March 31 - </DATELINE><BODY>Hutchison Whampoa Ltd &lt;HWHH.H>
+announced a bonus issue of one new "B" share of 2.5 H.K. Cents
+each for every two existing ordinary shares of 25 cents a share
+par value.
+    A company statement said Hutchison forecast 1987 dividends
+for existing shares of not less than 32.5 cents a share and not
+less than 3.25 cents for each "B" share.
+    Hutchison said the new issue will help increase flexibility
+when it is planning future expansion moves or making
+acquisitions without affecting the existing control structure
+of the group.
+    "The move will provide long term stability to ensure
+continuity of overall control of the Hutchison group in that it
+provides Hutchison with a stable framework within which
+management, development and the planned growth of the group's
+businesses can take place," it added.
+    Hutchison shares lost one dlr to end at 53 dlrs each today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17258" NEWID="11197">
+<DATE>31-MAR-1987 04:02:43.19</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0262&#31;reute
+b f BC-ITALIAN-CONSUMER-PRIC   03-31 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN CONSUMER PRICES RISE 0.4 PCT IN MARCH</TITLE>
+<DATELINE>    ROME, March 31 - </DATELINE><BODY>Italy's consumer price index rose 0.4 pct
+in March compared with February after an identical increase in
+February over January, the national statistics institute Istat
+said.
+    The year-on-year rise in March was 4.2 pct, unchanged on
+February and compared with 7.2 pct in March 1986.
+    Istat said its consumer price index for the families of
+workers and employees, base year 1985 equals 100, registered
+109.5 in March 1987 compared with 109.1 in February this year
+and 105.1 in March 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17259" NEWID="11198">
+<DATE>31-MAR-1987 04:19:26.85</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0291&#31;reute
+u f BC-EUROPE-ON-SIDELINES-I   03-31 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE> EUROPE ON SIDELINES IN U.S-JAPAN MICROCHIP ROW</TITLE>
+<AUTHOR>    By David Ress, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Rising imports of Japanese-made cars and
+electronic goods may upset West European officials, but they
+generally seem prepared to stay on the sidelines in the latest
+trade row between the United States and Japan.
+    Japan's huge trade surplus is a sore point in West Europe,
+as it is in the United States. But U.S. Charges of unfair trade
+practices involving computer microchips leave Europeans cold.
+    The European Community ran a 18.2 billion dlr trade deficit
+with Japan last year, and seeks redress when it feels Japanese
+trade policy hurts Europeans, diplomats and economists said.
+    But only in Britain has there been any suggestion of acting
+with the U.S. To do something about Japan's huge trade surplus.
+    "The EC is no more illiberal on trade issues than is the
+U.S.," said Martin Wolf, director of studies at the Trade Policy
+Research Centre in London. "Basically, their policies are pretty
+much the same."
+    But that did not mean Europe would support the U.S., Or
+that the EC would climb on the bandwagon to take advantage of
+the U.S. Dispute to press its own claims, Wolf said.Basically,
+Europeans have a different approach to trade problems, he said.
+    "In the U.S., People talk about fair trade, but not here," he
+added. "In the U.S., It all has to do with the general ethic of
+free competition, while in Europe, the general approach is that
+liberal trade is good because it makes countries rich."
+    Wolf said this basic U.S. Attitude explains Washington's
+tendency to impose so-called "countervailing duties" - an import
+tax designed to offset advantages alleged to be unfair.
+    In Western Europe, the approach to trade disputes tends to
+be to try to reach a settlement through negotiation, Wolf said.
+    In the latest U.S.-Japan trade row, President Reagan has
+threatened to raise tariffs on selected Japanese electronic
+goods by as much as 300 mln dlrs, alleging that Japan has
+failed to abide by a 1986 U.S.-Japan pact on microchip trade.
+    But the European Community has challenged the agreement as
+a violation of General Agreement on Tariffs and Trade (GATT)
+practices that discriminates against its microchip producers.
+    "It follows that they're not likely to rally to the side of
+the United States in defence of the agreement," said Wolf.
+    Although British parliamentarians are pushing for a tough
+line on Japanese trade issues, government officials in the rest
+of Europe told Reuter correspondents they would let the EC take
+the lead in any response to the U.S.-Japan trade row.
+    A spokeswoman for the EC Commission in Brussels told
+Reuters there has been no change in the Community's position
+since a March 16 meeting of foreign ministers which sent a
+strong warning to Tokyo on trade imbalances.
+    In a statement issued after that meeting, EC foreign
+ministers deplored Japan's continued trade imbalance and
+appealed for a greater Japanese effort to open up its markets.
+    EC External Trade Commissioner Willy De Clercq said after
+the talks there was a growing impatience with Japan in the EC.
+    Diplomats accredited to the EC in Brussels said they saw no
+signs of any immediate intention to impose any broad-ranging
+sanctions against Japan. The EC is anxious to avoid provoking a
+trade war, they said.
+    Instead, the Community is trying to target problem areas in
+European trade with Japan, including wines and spirits,
+cosmetics, and financial services, and will continue talking to
+try to improve the situation, the diplomats said.
+    In Britain, where the government is angered over the
+difficulties telecommunications giant Cable and Wireless has
+faced in its bid to crack the Japanese market, officials said
+last week that retaliatory action is being considered.
+    But government officials said last night, "We are not
+talking about days or weeks. This is going to take time."
+    They said the government would consider its options at a
+cabinet meeting on Thursday, but added that no final decisions
+were expected. The main thing the British would threaten the
+Japan with is denial of access to London's booming financial
+markets, government officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17260" NEWID="11199">
+<DATE>31-MAR-1987 04:20:23.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0294&#31;reute
+u f BC-SPANISH-AIRLINES-CRIP   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH AIRLINES CRIPPLED BY GROUND STAFF STRIKE</TITLE>
+<DATELINE>    MADRID, March 31 - </DATELINE><BODY>About 40,000 passengers were stranded as
+Spanish airlines ground staff staged their second 24-hour
+strike for wage rises in five days, the airlines spokesmen
+said.
+    They said the state-owned airline Iberia cancelled 300
+domestic and international flights, and Aviaco maintained 10 of
+about 80 scheduled flights.
+    A spokesman for Madrid's Barajas airport said foreign
+airlines were operating normally.
+    Airlines ground staff have announced more strikes for April
+10 and 15 to coincide with stoppages by railways workers and
+drivers of petrol tankers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17261" NEWID="11200">
+<DATE>31-MAR-1987 04:23:29.30</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0299&#31;reute
+b f BC-U.K.-MONEY-MARKET-GET   03-31 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GETS 1.14 BILLION STG EARLY HELP</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with 1.143 billion mln stg assistance in
+response to an early round of bill offers from the discount
+houses.
+    Earlier, the Bank forecast the system would face a very
+large deficit today of around 1.75 billion stg.
+    The central bank purchased bank bills outright comprising
+393 mln stg in band one at 9-7/8 pct, 649 mln stg in band two
+at 9-13/16 pct and 85 mln stg in band three at 9-3/4 pct.
+    In addition it bought 16 mln stg of local authority bills
+in band two at 9-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17262" NEWID="11201">
+<DATE>31-MAR-1987 04:23:55.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0301&#31;reute
+u f BC-LONDON-INT'L-SELLING   03-31 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON INT'L SELLING HOT WATER BOTTLE UNIT</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>London International Group Plc &lt;LONL.L>
+said it had agreed to sell its &lt;Haffenden Moulding Co Ltd> unit
+to &lt;Melton Medes Ltd> for 2.1 mln stg.
+    Haffenden is a moulder of hot water bottles and also
+produces a variety of rubber and plastic mouldings. The book
+value of its assets is 4.4 mln stg.
+    LIG said the disposal was part of its strategy of
+concentrating on its core activities.
+    LIG shares were one penny firmer at 277p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17263" NEWID="11202">
+<DATE>31-MAR-1987 04:28:17.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0310&#31;reute
+u f BC-CABLE-SHARES-FIRM-ON   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABLE SHARES FIRM ON JAPAN SPECULATION</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Shares in Cable and Wireless Plc
+&lt;CAWL.L> firmed in morning trading on market speculation that
+its participation in a joint telecommunications venture in
+Japan would not be curtailed, dealers said.
+    The company's shares were quoted at 372p at 0915 GMT
+compared with 364p last night.
+    The dealers said the speculation appeared to originate in
+Japan. Cable has said it is resisting attempts by the
+Federation of Economic Organisations to merge two Japan-based
+telecommunications firms, a move which would have cut Cable's
+stake from 20 pct in one to three pct in the merged unit.
+    However, the dealers were uncertain exactly how the dispute
+over the shareholdings had been resolved.
+    British prime minister MargaretThatcher said in parliament
+last week that she regarded Cable and Wireless's participation
+in the Japanese venture as a test case of how open the Japanese
+telecommunications market really was.
+    A spokesman for Cable said he was unaware if the
+speculation had any foundation. Cable itself had issued no
+statement today on the issue.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17264" NEWID="11203">
+<DATE>31-MAR-1987 04:33:31.92</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0312&#31;reute
+b f BC-BANK-OF-JAPAN-MULLS-O   03-31 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN MULLS OTHER OPTIONS TO STOP YEN RISE</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Today's liberalised financial markets are
+making it extremely difficult for Japan's monetary authorities
+to prevent the yen's rise against the dollar, but they have
+several options other than normal intervention, Bank of Japan
+sources said.
+    A senior central bank official said that such methods as
+controlling foreign exchange deals and invoking currency swap
+agreements with other central banks, which have not been
+invoked since 1978, are all being considered.
+    "But the time may not be ripe," he said.
+    "In this era of financial liberalisation, it's almost
+impossible to control the flow of capital in and out of Japan,"
+said another senior bank official.
+    But the first official said: "From a technical viewpoint,
+the Bank of Japan could activate swap agreements immediately
+after other central banks involved agreed to do so."
+    A swap agreement, an exchange of currency between two
+nations, allows both sides to acquire a ready source of the
+other's currency in case of need.
+    "If the Bank invokes such swaps, both parties would announce
+the decision jointly," said the first official.
+    The sources said they believed the limit of currency market
+intervention may be being reached after they saw recent
+concerted market action by central banks of major industrial
+nations was increasingly ineffective in propping up the
+battered dollar.
+    But intervention is at least an option, they said. Further
+easing of monetary policy will be very difficult with an
+official discount rate already at a record low of 2.5 pct, they
+said.
+    Bank of Japan Governor Satoshi Sumita has repeatedly ruled
+out another rate cut due to fears it could revive inflation.
+    One bank official said he could not deny the possibilty of
+the Bank of Japan activating currency swap agreements with the
+U.S. And other central banks, if these banks continue
+intervening to sell the yen in support of the dollar and run
+out of their yen cash positions.
+    "But we don't think they have become short of yen quite yet,"
+he said.
+    The bank has established a five billion dlr swap limit with
+the U.S. Federal Reserve and another 2.5 billion mark and 200
+billion yen limit with the West German and Swiss central banks,
+according to the sources.
+    Foreign exchange dealers estimate the Fed had sold two
+billion dlrs worth of yen from its own account to support the
+dollar in New York last week.
+    The central bank sources also said Japan may arrange other
+currency swap agreements with Britain and France if they find
+it necessary, but added they are not actually talking with each
+other towards that end.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17265" NEWID="11204">
+<DATE>31-MAR-1987 04:35:39.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0314&#31;reute
+u f BC-CHINA-REFORMS-TO-TAKE   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA REFORMS TO TAKE DECADES, NO ALTERNATIVE</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    PEKING, March 31 - </DATELINE><BODY>China's economic reforms will take
+decades to fulfill and will outlast the life of any leader
+because they are the only way to save the country from poverty,
+an economist in one of the country's top think tanks told
+Reuters.
+    But He Weiling, Washington representative of the China
+Economic System Reform Institute, said China's economic reforms
+definitely are not at risk from the nationwide drive since
+January against "bourgeois liberalism," a phrase meaning Western
+political ideas.
+    He said "bourgeois liberalism" is not affecting departments
+dealing with economics.
+    His is one of a small number of key institutes, set up in
+the early 1980s, which formulate economic reform policies and
+advise the top leadership on them.
+    Discussing subjects raised in the budget speech last week,
+which put the 1986 and 1987 deficits at more than 15 billion
+yuan because of excessive consumer demand and capital
+construction plus falling efficiency in state firms, He said
+reform of state firms and the financial system is the key goal
+for 1987.
+    "The most difficult thing is to strike the balance between
+making them independent units and the need for central control,"
+He said.
+    "We are exploring ways of doing this, through joint stock
+ownership, leasing, factory management responsibility systems
+or in other ways," he added.
+    One of the most serious problems facing China's leaders is
+how to curb excess investment in capital construction,
+especially in projects outside the state plan.
+    He said this problem is chronic in all socialist economies.
+    This is because firms are judged on output, not
+profitability or efficiency.
+    "Firms use every excuse to get money and materials. They say
+they want money to build offices but in fact use it to build
+apartments, which is unauthorised," He said.
+    "Also, it is not good to report profits, which would mean
+higher tax payments. It is better to report a loss," he added.
+    He said China's state firms are continuing a 5,000-year-old
+tradition when they under-report their assets in order to
+reduce claims on them by higher authority.
+    He said China will have to improve auditing, economic
+regulations and the tax system, which he described as "chaotic,"
+especially at the lower levels, in order to deal with
+under-reporting.
+    "Another important step is to further develop the money
+markets to give firms an opportunity to invest. They need
+channels for this which they do not have now. Without this,
+there will be no genuine supply and demand for money," he said.
+    As a reform to encourage efficiency, China now supplies
+state firms with loans instead of grants as in the past.
+    But He said the reforms have not resulted in much real
+change because the loans carry low-interest. "So some efficient
+firms have not been able to get money from banks."
+    Price reform has been one of the most sensitive aspects of
+the reform programme. Widespread discontent over price rises
+forced the government to promise in January that there will be
+no major increases in 1987.
+    He said the price of steel, timber and cement and other
+industrial raw materials only will "rise gradually" this year.
+    Large-scale price adjustments would have an adverse
+psychological impact and create social discontent.
+    "We must preserve unity and popular support," he said, but
+"sometimes, the common people must make a sacrifice, like those
+of Germany and Japan after 1945."
+    He said restrictions on a wide range of prices, including
+most farm and light industrial products, have been lifted and
+many intermediate pricing schemes scrapped over the last eight
+years.
+    "It will take at least 15 to 20 years to complete an
+overhaul of the price system. We must move carefully. We have
+no model to work from and have only ourselves to rely on," He
+said.
+    He said the greatest fear expressed by foreigners is that
+reform and open-door policies will not survive the death of
+certain elderly leaders.
+    He did not name top leader Deng Xiaoping, 82, the chief
+architect of both policies since 1979.
+    "These fears are unfounded. The two policies have already
+become the basic national policy of China. The reforms are
+irreversible. China is one of the poorest 25 countries in the
+world. Without the reforms, how are we to escape from this
+poverty?"
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17266" NEWID="11205">
+<DATE>31-MAR-1987 04:38:10.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0322&#31;reute
+b f BC-AKZO-REVISES-1986-PRO   03-31 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AKZO REVISES 1986 PROFIT UP SLIGHTLY</TITLE>
+<DATELINE>    ARNHEM, The Netherlands, March 31 - </DATELINE><BODY>Dutch chemicals group
+Akzo NV &lt;AKZO.AS> said in its annual report it had revised its
+1986 net profit figure up to 842 mln guilders from a
+provisional 840 mln guilders announced in January.
+    The turnover figure was unchanged at 15.62 billion
+guilders.
+    Akzo said it would be difficult to maintain this profit
+level in 1987 but it expected positive developments "in the
+longer term."
+    Profits in 1985 totalled 843 mln guilders on a turnover of
+18.01 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17267" NEWID="11206">
+<DATE>31-MAR-1987 04:40:45.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0329&#31;reute
+u f BC-DPCE-SEEKS-14.6-MLN-S   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DPCE SEEKS 14.6 MLN STG IN RIGHTS ISSUE</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>&lt;DPCE Holdings Plc> said it planned to
+raise 14.6 mln stg net through an underwritten rights issue of
+4.7 mln shares at 320p issued on a one-for-six basis.
+    The funds would be used to expand the computer maintenance
+company's presence in major centres where computer technology
+is developed. The company planned to make acquisitions, extend
+the range of services it offered and buy capital equipment to
+support major new contracts.
+    DPCE shares were unchanged at 365p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17268" NEWID="11207">
+<DATE>31-MAR-1987 04:48:29.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0355&#31;reute
+u f BC-FRENCH-EUROFRANC-COMM   03-31 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH EUROFRANC COMMITTEE APPROVES THREE ISSUES</TITLE>
+<DATELINE>    PARIS, March 31 - </DATELINE><BODY>The eurofranc issuing committee, which
+groups major French banks and the Treasury, has approved three
+bonds for issue in April, bond market sources said.
+    The first is likely to be for Cie Generale des
+Etablissements Michelin possibly led by Credit Lyonnais.
+Mcdonalds Corp will be coming to the eurofranc market for the
+first time with an issue likely to be led by Societe Generale
+and a third will be for an unidentified international borrower.
+    The sources said the 500 mln franc, nine pct, five-year
+bond for Gillette Canada led by Banque Paribas announced
+yesterday had been on the April calendar and was brought
+forward.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17269" NEWID="11208">
+<DATE>31-MAR-1987 04:49:11.25</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0357&#31;reute
+u f BC-U.K.-WHEAT-AND-BARLEY   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. WHEAT AND BARLEY EXPORTS ADJUSTED UPWARDS</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>The U.K. Exported 612,000 tonnes of
+wheat and 498,800 tonnes of barley in February, the Home Grown
+Cereals Authority (HGCA) said.
+    Based on the previous provisional figures issued for
+February, wheat exports were increased by 480,200 tonnes and
+barley by 283,800 tonnes.
+    The new figures bring cumulative wheat exports for the
+period July 1-March 13 to 3.66 mln tonnes and barley to 3.50
+mln, compared with 1.47 and 2.09 mln tonnes respectively last
+season.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17270" NEWID="11209">
+<DATE>31-MAR-1987 05:05:03.53</DATE>
+<TOPICS><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0382&#31;reute
+u f BC-S.-KOREA-MINISTER-TO   03-31 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. KOREA MINISTER TO VISIT U.S. FOR CURRENCY TALKS</TITLE>
+<DATELINE>    SEOUL, March 31 - </DATELINE><BODY>South Korea's Finance Minister Chung
+In-yong will visit U.S. Treasury Secretary James Baker next
+week to discuss U.S. Requests for an appreciation of South
+Korea's won against the dollar, finance ministry officials
+said.
+    They said Chung would leave for Washington on Monday to
+attend the International Monetary Fund's (IMF) Interim
+Committee meeting and for talks with U.S. Officials on ways of
+reducing Seoul's trade surplus with Washington.
+    The dates for the Baker-Chung meeting have yet to be set.
+    The IMF committee meeting, scheduled for April 9, is
+expected to review the resolution reached by the six top
+industrialised nations in Paris last month calling for newly
+industrialised countries, such as South Korea and Taiwan, to
+allow their currencies to rise.
+    The official said Chung is expected to outline Seoul's
+efforts to increase imports of U.S. Goods and to stress the
+need for South Korea to maintain a trade surplus in the next
+few years in order to cut foreign debts totalling some 44.5
+billion dlrs.
+    South Korea has ruled out a major revaluation of the won,
+but is allowing its currency to appreciate slowly.
+    Trade Minister Rha Woong-bae told the U.S. Chamber of
+Commerce earlier this month a sudden won revaluation could
+result in South Korea running a large trade deficit and being
+forced to renege on its international debt repayments.
+    The Bank of Korea, the central bank, today fixed the won at
+a two-year high of 846.90. The won has gained 5.1 pct since the
+beginning of 1986.
+    South Korea's trade surplus with the U.S. Rose to 7.1
+billion dlrs last year from 4.3 billion in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17271" NEWID="11210">
+<DATE>31-MAR-1987 05:06:34.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0385&#31;reute
+u f BC-ADSTEAM-TO-ACQUIRE-49   03-31 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADSTEAM TO ACQUIRE 49 PCT OF U.K. PROPERTY COMPANY</TITLE>
+<DATELINE>    ADELAIDE, March 31 - </DATELINE><BODY>The Adelaide Steamship Co Ltd &lt;ADSA.S>
+(Adsteam) said it will subscribe to 30 mln shares in listed
+British property developer, &lt;Markheath Securities Plc>, at 60p
+each, subject to shareholder approval.
+    The subscription, expected to take place in May, will give
+Adsteam 49 pct of Markheath, Adsteam said in a statement.
+    Adsteam's managing director John Spalvins will become
+chairman of Markheath and two other Adsteam nominees will join
+its board. "We hope that in time Markheath will become a
+significant property and industrial company in the same style
+as Adsteam," Spalvins said in the statement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17272" NEWID="11211">
+<DATE>31-MAR-1987 05:07:51.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0387&#31;reute
+u f BC-NIPPON-COLUMBIA-TO-MA   03-31 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON COLUMBIA TO MAKE BONUS STOCK ISSUES</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Nippon Columbia Co Ltd &lt;NCOL.T> will make
+a one-for-20 bonus stock issue on July 14 to pay back remaining
+premiums accumulated by 4.5 mln shares issued at market price
+through public placement in September 1980, a spokesman said.
+    The bonus issue will bring its outstanding capital shares
+to 65.02 mln from 61.92 mln as at March 31 1987. It is open to
+shareholders registered on May 31.
+    Nippon Columbia's share price fell 20 to 1,260 yen on the
+Tokyo Stock Exchange today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17274" NEWID="11212">
+<DATE>31-MAR-1987 05:17:05.33</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>dmk</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0401&#31;reute
+b f BC-BUNDESBANK-HAS-NOT-IN   03-31 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK HAS NOT INTERVENED TODAY, DEALERS</TITLE>
+<DATELINE>    FRANKFURT, March 31 - </DATELINE><BODY>The Bundesbank declined to comment on
+rumours in Tokyo that it was intervening heavily to support the
+dollar, but dealers here said they had not seen the German
+central bank in the market all morning.
+    The dollar was quoted at around 1.8040 marks shortly after
+midday in nervous but quiet trading, up from its 1.7975/85
+opening.
+    Spreads against the mark remained around 10 basis points,
+with some banks quoting only five point spreads. Dealers said
+spreads would widen and the dollar would move more sharply if
+the Bundesbank did intervene.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17275" NEWID="11213">
+<DATE>31-MAR-1987 05:18:48.86</DATE>
+<TOPICS><D>acq</D><D>sugar</D><D>crude</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0403&#31;reute
+u f BC-ANALYSTS-APPLAUD-CSR'   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSTS APPLAUD CSR'S BOLD MOVE TO SELL DELHI</TITLE>
+<AUTHOR>    By Peter Bale, Reuters</AUTHOR>
+<DATELINE>    SYDNEY, March 31 - </DATELINE><BODY>CSR Ltd &lt;CSRA.S> has made a bold move in
+selling its oil and gas interests for almost a billion dlrs and
+ploughing 150 mln into its traditional sugar business, share
+analysts said.
+    "It sounds like a good deal," Stuart McKibbin of &lt;A.C. Goode
+and Co> told Reuters.
+    CSR said it had dropped plans to float its oil and gas
+interests held in the &lt;Delhi Australia Fund> and would instead
+sell it to Exxon Corp &lt;XON> unit &lt;Esso Exploration and
+Production Australia Inc> for 985 mln dlrs.
+    In a twin announcement CSR, already Australia's largest
+sugar refiner, made a 2.20 dlr a share bid for the 70 pct it
+does not already hold in &lt;Pioneer Sugar Mills Ltd>.
+    "This will be a big shock to the market, which was under the
+impression that CSR was well down the road to floating Delhi,"
+McKibbin said.
+    A float of part of Delhi would have raised between 200 and
+300 mln dlrs, but in opting to sell outright, CSR had given
+itself the cash to practically eliminate its debt and embark on
+an ambitious expansion programme in its best-performing
+divisions of sugar and building products, analysts said.
+    CSR not only gets the 985 mln dlrs but also has the right
+to share equally with Esso any higher returns resulting from an
+oil price over 20 U.S. Dlrs a barrel in the next two years.
+    Delhi is one of Australia's largest onshore oil producers
+yielding about six mln barrels a year from the Cooper Basin.
+Analysts said the deal could net CSR as much as three mln dlrs
+for every dollar rise in the oil price above 20 dlrs.
+    Neale Goldston-Morris of Sydney broker &lt;Bain and Co Ltd>
+said the move out of Delhi and investment in the sugar industry
+was a sensible one but added that it represented the loss of
+Australian-owned assets to a foreign company.
+    "The farm they bought back a few years ago is being sold
+back to the Americans," Goldston-Morris said.
+    The Pioneer Sugar investment would make CSR by far the
+largest player in Australia's 850 mln dlr a year sugar industry
+and would give it access to some of the best sugar properties
+and mills in the country, analysts said.
+    They said Pioneer Sugar was expected to recommend
+acceptance of the bid through which CSR would benefit from the
+bottom out of a cyclical downturn in sugar prices.
+    Sugar prices are forecast to rise to 340 dlrs a tonne next
+season from an estimated 270 dlrs this year, they said.
+    Selling Delhi meant CSR has finally quit a damaging
+investment, made in 1981, which has dragged down the company's
+overall performance, analysts said.
+    CSR last year wrote off more than 550 mln dlrs in losses on
+what had been a 591 mln U.S. Dlr investment financed entirely
+from U.S. Dollar debt, they said.
+    "It was a bad investment for them. They financed it entirely
+with debt, the currency collapsed on them and then the oil
+price collapsed on them," Owen Evans of Sydney broker &lt;Meares
+and Philips Ltd> said.
+    Esso not only picked up Delhi's oil and gas output but also
+gained as much as 300 mln dlrs in transferable tax losses
+accumulated in exploration allowances and other concessions.
+    Analysts said Esso also gained its first real onshore stake
+in Australia in its first major diversification from the 50/50
+Bass Strait partnership with The Broken Hill Pty Co Ltd
+&lt;BRKN.S>.
+    "Esso has been very keen to diversify from the Gippsland
+Basin. They haven't found too much oil in Bass Strait lately
+and Esso needed a large pool of ongoing production,"
+Goldston-Morris said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17276" NEWID="11214">
+<DATE>31-MAR-1987 05:21:16.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0407&#31;reute
+u f BC-TAIWAN-BANKERS-PREDIC   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN BANKERS PREDICT MAJOR FINANCIAL REFORM</TITLE>
+<AUTHOR>    By Andrew Browne, Reuters</AUTHOR>
+<DATELINE>    TAIPEI, March 31 - </DATELINE><BODY>Taiwan is planning to significantly
+relax foreign exchange controls within the next few months, but
+there is little prospect of a sudden outflow of capital,
+bankers and economists polled by Reuters said.
+    They said a statement by Premier Yu Kuo-Hua last Friday
+that Taiwan might suspend the controls indicated the government
+was ready to allow Taiwanese firms and individuals to hold and
+invest foreign currency for the first time.
+    "There has been a major shift in government policy," said
+Liang Kuo-Shu, chairman of the Chang Hwa Commercial Bank.
+    Yu said foreign exchange controls, under which all foreign
+currency must be converted into Taiwan dollars, might be
+suspended if Taiwan's trade surplus grows too large. He said
+controls could be retained for use in an emergency.
+    Yu said the aim was to reduce Taiwan's foreign exchange
+reserves and ease pressure on the money supply.
+    The reserves have grown to a record 53 billion U.S. Dlrs,
+compared with about 26 billion in late March last year, due to
+Taiwan's widening trade surplus. The surplus hit a record 15.6
+billion dlrs last year against 10.6 billion in 1985.
+    Approximately 95 pct of the surplus was with the U.S.
+    The surplus in the first two months of this year rose to
+2.73 billion dlrs from 2.02 billion in the same 1986 period.
+    Money supply grew by a seasonally adjusted 48.22 pct in the
+year to end-february.
+    Bankers and economists said they did not believe the
+government intended to drop all foreign exchange controls and
+allow the Taiwan dollar to be freely traded.
+    But they said over the next few months certain restrictions
+will probably be eased to allow Taiwanese firms and individuals
+to hold part of their foreign exchange earnings for overseas
+investment.
+    Bankers and economists also said it was likely the
+government would lift a ban on investment in foreign stocks.
+They said it was uncertain, however, whether investment would
+be direct or channeled through government-approved funds.
+    Taiwan allowed firms and individuals to invest in overseas
+government bonds, treasury bills and certificates of deposit
+for the first time last year.
+    Bankers said Yu's statment was an indication the government
+is becoming increasingly concerned about the threat of
+inflation posed by the growing foreign exchange reserves.
+    Inflation is now running at about three pct.
+    Mounting reserves are also seen as giving Washington
+leverage in its efforts to force Taiwan to boost the value of
+its currency to reduce the trade imbalance.
+    Bankers said dropping foreign exchange restrictions was
+unlikely to lead to significant capital outflows because of the
+rising value of the Taiwan dollar.
+    "All the signs are that capital would move in," said John
+Brinsden, manager of Standard Chartered Bank in Taipei.
+    The Taiwan dollar has risen by about 16 pct against the
+U.S. Dollar since September 1985. It opened today at 34.26
+against the American currency.
+    Most economists believe the Taiwan dollar will continue to
+rise this year on strong U.S. Pressure for appreciation.
+    Economists estimate up to five billion U.S. Dlrs of
+speculative money flowed into Taiwan last year.
+    Yu's statement surprised most local and foreign bankers,
+who regard the former central bank governor as a fiscal
+arch-conservative. They said it shows Taiwan is determined to
+go ahead with wide-ranging financial liberalisation.
+    "It's more than a straw in the wind," said Brinsden. "It
+indicates that something dramatic will happen."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17277" NEWID="11215">
+<DATE>31-MAR-1987 05:28:42.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0422&#31;reute
+u f BC-BROKERS-SAY-TOKYO-STO   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROKERS SAY TOKYO STOCKS WILL RESUME RISE</TITLE>
+<AUTHOR>    By James Kynge, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>The Tokyo stock market is likely to
+recover from its recent nervousness, caused by the rise of the
+yen and the threat of a trade war with the U.S., And resume its
+upward climb, brokers polled by Reuters said.
+    President Reagan's threat to impose tariffs on Japanese
+electronics exports because of Japan's alleged refusal to abide
+by a bilateral agreement on computer chips, was unlikely to
+cause the market to crash, the brokers said on the eve of the
+new fiscal year starting April 1.
+    The market today fell 60.91 points to 21,566.66.
+    Most brokers said Tokyo stocks should rise 10 to 15 pct in
+the coming fiscal year, provided the yen does not rise too far
+against the dollar and U.S. Sanctions do not escalate into an
+all-out trade war.
+    "The market will continue to rise in the new fiscal year, so
+long as we can avoid a free-fall in the dollar against the yen,"
+Nikko Securities' top analyst Kasuhiza Okamoto said.
+    However, brokers said the market was unlikely to perform
+better than it has in the past year.
+    "It will be very difficult to repeat last year's
+performance. Last year was a bumper year that will live in the
+annals of the market," said Kleinwort and Benson Ltd's
+securities analyst, Peter Tasker.
+    The market rose 37 pct in the fiscal year just ending.
+    Tasker said Japan's discount rate, which was cut five times
+this past fiscal year, was so low that it forced funds from
+bank accounts into stocks, buoying the market.
+    Nomura Securities Company brokers said that in the coming
+year the discount rate would probably be cut only once or twice
+and the inflow of funds would be slower.
+    Brokers said their optimism about the market was based on
+the current low interest rates, the increasing propensity of
+the Japanese to save as the economy stagnates, the imminent
+introduction of taxes on traditionally untaxed post office
+savings and the allure of quick and easy profits from stocks.
+    They said Japanese with money to spare, and companies
+unwilling to invest in real plant and machinery in the present
+climate of stagnant growth, would keep on snapping up stocks.
+    "You just have to jump on the back of the winners and jump
+off quick if they start to lose," one broker said.
+    Currently the Japanese discount rate is 2.5 pct.
+    Brokers predicted that among this year's winners would be
+shares which will benefit from domestic expansion.
+    Other winners would be stocks related to the fight against
+AIDS, financial stocks in general, food shares likely to gain
+from a government-initiated agricultural deregulation
+programme, and issues supported by Japan's increased defense
+spending budget.
+    "The themes this year are very clear," said Nikko Securities'
+Okamoto. He said Japan had to respond to international pressure
+to stimulate its domestic demand, buy more imports and
+establish itself as a supply base of capital.
+    Brokers said banks and other financial institutions would
+be among the most popular shares this year.
+    "We will have to consolidate our position as the capital
+supply base to the world," said Okamoto, noting Japan is the
+world's largest creditor nation.
+    Brokers said they expect the government this year to permit
+Japanese banks to start full-scale equity brokerage overseas.
+They also expect it to relax financial practice laws in Japan.
+    Brokers said they expect subsidies to Japan's farmers to be
+slashed this year, cutting the price of food. Beneficiaries of
+such a move would include food processors and suppliers.
+    Prime Minister Yasuhiro Nakasone has set the expansion of
+domestic demand as a top priority this year, and brokers said
+they envisaged higher profits for real estate and construction
+companies, as well as many domestic manufacturers.
+    Brokers denied a suggestion that the market might be
+over-extended because the amount now invested, 334,000 billion
+yen, was about the same as Japan's gross national product.
+    Barclays De Zoette and Wedd financial analyst, Peter
+Morgan, said the 20 pct tax on post office and bank deposits
+due to be levied this autumn would channel at least 2,000
+billion more yen into the stock market.
+    Brokers said they believe there would be more reports in
+the coming year of scientific discoveries to combat or diagnose
+Aquired Immune Deficiency Syndrome (AIDS), and these would
+propel related companies' shares even higher than they had
+risen already.
+    "AIDS stories suck individuals' money into the market.
+Japanese people are paranoid about AIDS," said one broker.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17278" NEWID="11216">
+<DATE>31-MAR-1987 05:28:57.89</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0423&#31;reute
+u f BC-DROUGHT-THREAT-EASES   03-31 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DROUGHT THREAT EASES IN SOUTH CHINA PROVINCE</TITLE>
+<DATELINE>    PEKING, March 31 - </DATELINE><BODY>Rainfall in the past few days has eased
+the threat of drought in the south China province of Guangdong,
+the New China News Agency said.
+    It said 75 pct of early rice fields are ready to be planted
+and seedlings have already been transplanted on 90 pct of rice
+fields in Hainan island. Some 840,000 hectares of farmland have
+been planted with cash crops including sugar cane, peanuts and
+soybeans, 67,000 ha more than in 1986.
+    The provincial government has increased investment in grain
+and taken effective measures to combat natural disasters this
+year, the agency said, but gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17279" NEWID="11217">
+<DATE>31-MAR-1987 05:36:41.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0435&#31;reute
+u f BC-INDIA-EXPORTS-ITS-FIR   03-31 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA EXPORTS ITS FIRST PASSENGER CARS</TITLE>
+<DATELINE>    NEW DELHI, March 31 - </DATELINE><BODY>India today signed an agreement to
+sell 500 mini passenger cars to Hungary, its first export
+contract for cars, an industry ministry spokesman told Reuters.
+    Under the agreement signed between Maruti Udyog Ltd (MUL) -
+an Indo-Japanese car maker - and Hungary's state-owned Mogurt
+trading company - the cars, valued about two mln dlrs, will be
+delivered in 1987, he said.
+    "We expect Hungary will buy up to 5,000 Maruti cars per year
+from next year if the first batch proves popular in that
+country," he said without elaborating.
+    The launching of 800 cc Maruti cars in 1983 revolutionised
+the country's dormant automobile industry, which until then had
+marketed models which were at least 30 years old.
+    The Indian government owns 74 pct stake in MUL, and the
+balance of 26 pct is held by Suzuki Motor Co Ltd of Japan.
+    The Japanese-style Maruti, costing about 81,000 rupees, is
+the cheapest car on the Indian market and has proved a popular
+model, with order books full for the next three years, industry
+sources said.
+    MUL and India's three private companies have a combined
+production capacity of 206,000 passenger cars a year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17280" NEWID="11218">
+<DATE>31-MAR-1987 05:42:45.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0450&#31;reute
+u f BC-CHUAN-HUP-ISSUES-28-M   03-31 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHUAN HUP ISSUES 28 MLN DLR FRN</TITLE>
+<DATELINE>    SINGAPORE, March 31 - </DATELINE><BODY>&lt;Chuan Hup Holdings Ltd> said it has
+signed a 28 mln U.S. Dlr guaranteed floating rate note due 1990
+with a group of banks to refinance the company's existing
+borrowings and to provide medium term funds.
+    Chuan Hup said the issue has been arranged and managed by
+Singapore International Merchant Bankers Ltd (SIMBL).
+    SIMBL has invited Commonwealth Bank of Australia, National
+Australia Merchant Bank (Singapore) Ltd, Bank of China, the
+Bank of Comunications Co Ltd, DG Bank-GZB (Asia) Ltd, Kleinwort
+Benson (Singapore) Ltd, Malayan Banking Bhd and N.M. Rothschild
+and Sons (Singapore) Ltd to subscribe at a price of 100 pct.
+    The notes will be guaranteed by the Commonwealth Bank of
+Australia and will be placed with investors in the Asian Dollar
+Market.
+    The interest rate will be 1/10 point above the Singapore
+inter-bank offered rate for six month U.S. Dlr deposits.
+    The notes will be in bearer form in denominations of
+100,000 dlrs and will be listed on the Stock Exchange of
+Singapore Ltd, Chuan Hup said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17281" NEWID="11219">
+<DATE>31-MAR-1987 05:43:13.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0452&#31;reute
+b f BC-GMAC-TO-LAUNCH-EURO-N   03-31 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GMAC TO LAUNCH EURO NOTE PROGRAM APRIL 7</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>General Motors Acceptance Corp (GMAC),
+the financing arm of General Motors Corp of the U.S., Will
+launch its planned one billion U.S. Dlr medium term note
+program in the international capital markets on April 7, said
+Wendy Dietz, a vice-president at Salomon Brothers Inc, New
+York.
+    She told a conference here on medium term notes that GMAC
+is looking to obtain as fine pricing on the paper as it does
+with its program in the U.S.
+    The notes will be sold on a continuously offered basis, the
+most popular structure so far in the U.S.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17282" NEWID="11220">
+<DATE>31-MAR-1987 05:46:55.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0455&#31;reute
+u f BC-KLEINWORT-BENSON-LONS   03-31 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLEINWORT BENSON LONSDALE PLC &lt;KBLL.L> YEAR 1986</TITLE>
+<DATELINE>    LONDON, March 31 -
+    </DATELINE><BODY>Shr 53.05p vs 45.79p adjusted
+    Div 8.7p making 14p vs 12p adjusted
+    Pretax profit 78.84 mln stg vs 60.31 mln
+    Net after tax 50.71 mln vs 40.54 mln
+    Extraordinary credit after tax 43.19 mln vs nil
+    Note - The extraordinary credit represents substantitally
+the after tax profit on sale of company's interest in M and G
+Group Plc. After providing for the final dividend, retained
+earnings were 80.07 mln vs 29.90 mln in 1985.
+    Merchant and investment banking 81.47 mln vs 63.22 mln
+    Bullion broking 4.75 mln vs 3.02 mln
+    U.S. Government security dealing 2.94 mln vs loss 329,000
+    Investment management and unit trusts 10.62 mln vs 7.88 mln
+    Other activities loss 3.12 mln vs profit 1.42  mln
+    Interest on loan capital 17.82 mln vs 14.90 mln.
+    Disclosed shareholders funds 365 mln vs 286 mln
+    Disclosed capital resources available 626 mln vs 467 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17283" NEWID="11221">
+<DATE>31-MAR-1987 05:48:51.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0456&#31;reute
+u f BC-&lt;CGEE-ALSTHOM>-YEAR-T   03-31 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CGEE ALSTHOM> YEAR TO END-DECEMBER 1986</TITLE>
+<DATELINE>    PARIS, March 31 -
+    </DATELINE><BODY>Dividend 24 francs vs 30
+    Consolidated net profit 115.7 mln francs vs 108.3 mln of
+which attributable to group 110.8 mln vs 102.5 mln
+    Consolidated net turnover 11.16 billion francs vs 11.42
+billion
+    Parent company net profit 115.5 mln vs 95.0 mln
+    Parent co net turnover 9.99 billion vs 9.91 billion
+    Note - The electrical contracting company is 99.9 pct owned
+by the state-run Compagnie Generale d'Electricite &lt;CGE>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17284" NEWID="11222">
+<DATE>31-MAR-1987 06:01:05.28</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>ussr</D><D>uk</D></PLACES>
+<PEOPLE><D>thatcher</D><D>ryzhkov</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0465&#31;reute
+u f BC-THATCHER-SAYS-TRADE-T   03-31 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THATCHER SAYS TRADE TARGETS SET WITH MOSCOW</TITLE>
+<DATELINE>    MOSCOW, March 31 - </DATELINE><BODY>British Prime Minister Margaret Thatcher
+said she and Soviet Premier Nikolai Ryzhkov had set targets for
+increased trade between the two countries during talks earlier
+today.
+    She said she hoped more economic exchanges between Britain
+and the Soviet Union "will also lead to increased friendship and
+increased understanding."
+    Earlier, she told a meeting of Soviet and British
+businessmen that she had agreed with Ryzhkov that they would
+work to achieve a total volume of 2.5 billion roubles in
+bilateral trade by 1990.
+    This would entail an increase by each side of 350 to 400
+mln stg over their present export levels.
+    "Mr Ryzhkov handed me a list of import and export
+opportunities which I hope you will all jump at," she told the
+meeting to mark the opening of new offices of the British-
+Soviet Chamber of Commerce.
+    After her talks with Ryzhkov, Thatcher and the Soviet
+Premier were joined for the signing of agreements covering new
+scientific and cultural exchanges by Kremlin leader Mikhail
+Gorbachev, who had nine hours of talks with her yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17285" NEWID="11223">
+<DATE>31-MAR-1987 06:02:47.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>france</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0473&#31;reute
+u f BC-RICOH-TO-SET-UP-FRENC   03-31 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RICOH TO SET UP FRENCH, UK COPIER PLANTS</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Ricoh Co Ltd &lt;RICT.T> said it will set up
+a wholly-owned French subsidiary to produce plain paper copiers
+(PPC) from June 1988. Its UK subsidiary will also build a new
+PPC plant to start operations in September 1987, Ricoh said.
+    The French company, &lt;Ricoh Industry France SA>, in
+Wettolsheim, Haut-Rhin, Alsace, will produce PPCs at an initial
+monthly rate of about 2,000, rising to between 4,000 and 5,000
+units in a couple of years, with initial investment of one
+billion yen, Ricoh said.
+    The new company will create 100 jobs.
+    The company said its wholly-owned U.K. Subsidiary &lt;Ricoh
+U.K. Products Ltd> in Telford, which has produced office
+automation equipment such as PPCs, sorters and facsimiles since
+April 1985, will invest 1.7 billion yen to build a new PPC
+plant. It is due to start operation in September 1987 and
+increase output to 7,000 per month from the present 2,500.
+    The new U.K. Plant will create 100 jobs to give a total of
+360 jobs at the U.K. Subsidiary.
+    After both new plants reach full production, 70 pct of
+Ricoh's total PPC to be sold in Europe will be supplied by
+those European units.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17286" NEWID="11224">
+<DATE>31-MAR-1987 06:07:48.83</DATE>
+<TOPICS><D>tin</D><D>sugar</D><D>grain</D><D>wheat</D><D>cocoa</D><D>coffee</D><D>rubber</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>malaysia</D><D>canada</D><D>west-germany</D><D>france</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>itc</D><D>icco</D><D>ico-coffee</D><D>unctad</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0488&#31;reute
+u f BC-COMMODITY-PACTS-MORE   03-31 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMODITY PACTS MORE ORIENTED TOWARDS MARKET</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Consuming countries, chastened by the
+collapse of International Tin Council (ITC) price support
+operations in 1985, are insisting more than ever before that
+commodity pacts reflect the reality of the markets they are
+serving, a Reuter survey showed.
+    They want price ranges to be more responsive to market
+trends - to avoid overstimulating output and straining the
+accords' support operations - and intervention rules that avoid
+the risk of exports by non-members undermining the pacts.
+Consumers and producers, mindful of ITC buffer stock losses,
+have also sought strict conditions for buffer operations.
+    Importers and some key exporting countries have shunned a
+generalised approach to commodity price stabilisation and
+prefer to assess each commodity case by case, the survey
+showed.
+    The International Cocoa Organization (ICCO) last week set
+precise limits on what the Buffer Stock Manager (BSM) could do
+under the new agreement. It imposed daily and weekly purchase
+limits, prohibited the BSM from operating on futures markets
+and stipulated, after consumer insistence, that up to 15 pct of
+total buffer stock purchases could be of non-member cocoa. This
+will help prevent lower quality cocoa from Malaysia, the
+world's fourth largest producer, undermining the market.
+    The cocoa pact establishes precise differentials the Buffer
+Stock Manager must use when purchasing varying grades.
+    A new International Natural Rubber Agreement (INRA) was
+adopted earlier this month in Geneva. Importing and exporting
+countries agreed several changes to make the reference price
+more responsive to market trends and they eliminated provisions
+under which the buffer stock could borrow from banks to finance
+operations. Direct cash contributions from members will fund
+buffer stock purchases. Bank financing was a particular feature
+of the failed ITC buffer stock which suffered losses running
+into hundreds of millions of sterling. Legal wrangles continue.
+    Recent International Coffee Organization (ICO) negotiations
+in London exemplified the degree to which consumers insist that
+agreements reflect market reality, commodity analysts said.
+    Consumers and a small group of producers argued that
+"objective criteria" should be used to define export quota
+shares, which would have meant a reduction in the share of
+Brazil, the world's leading producer. Brazil wanted to maintain
+its previous quota share of 30 pct. The talks broke down and,
+although an ICO executive board meeting starts in London today,
+delegates and trade sources see chances of any near term
+negotiations on export quota distribution as remote.
+    International agreements exist for sugar and wheat. These
+do not have any economic clauses but provide a forum for
+discussions on possible future economic agreements, collect
+statistics and draw up market analyses. Analysts said
+differences between sugar exporting countries have held up any
+progress towards an accord with economic teeth, while sheer
+competition between major exporters amid a world grain glut
+militate against any pact with economic provisions for wheat.
+    An alternative focus for commodity discussions are
+international study groups, made up of governments with advice
+from industry, such as those for lead and zinc and rubber.
+    The U.N. Common fund for commodities, with a planned
+directly contributed capital of 470 mln dlrs, has failed to
+become operational because neither the U.S. Nor the Soviet
+Union has ratified it. U.S. Officials in Washington said the
+U.S. Doubts the fund would be able to fulfil its objectives,
+citing the lack of widespread support.
+    U.S. Officials in Washington and Malaysian officials in
+Kuala Lumpur expressed a policy of looking at each commodity
+pact case by case. U.S. Officials said it has been willing to
+study individual cases for economically sound, market-oriented
+commodity accords balancing producer and consumer interests.
+    "We see little to be gained by attempting to increase the
+price of a commodity whose long-term trend is downward,"
+official Administration policy states. The U.S. Currently
+belongs to only two international commodity agreements that
+have economic clauses - the International Coffee Agreement
+(ICA) and INRA - but it is also a member of the sugar and wheat
+pacts.
+    The U.S. Did not join the International Cocoa Agreement
+because it considered its proposed price ranges unrealistic and
+not designed to protect the interests of consuming countries,
+the State Department said. U.S. Officials singled out the INRA
+as the one commodity agreement that seems to be working.
+    U.S. Negotiators were successful in getting other members
+of the pact to agree that the price review and adjustment
+mechanism of the rubber agreement would accurately reflect
+market trends and also to continue the accord as a market
+oriented agreement, U.S. Officials said.
+    Canadian officials in Ottawa also said they have
+consistently tried to look at membership of commodity pacts on
+the merits of each case. Malaysian Primary Industries Minister
+Lim Keng Yaik told Reuters in Kuala Lumpur his country, the
+world's top producer of rubber, tin and palm oil, decides its
+participation in international commodity pacts case by case.
+    Malaysia is a member of the Association of Tin Producing
+Countries (ATPC) which produce 65 pct of world tin. The ATPC
+launched a plan to limit member tin exports to 96,000 tonnes
+for a year from March to cut the tin surplus to 50,000 from
+70,000.
+    Economist in the West German Ministry of Agriculture and
+delegate to cocoa, wheat and sugar agreements Peter Baron told
+Reuters in London, "Agreements with economic clauses to
+stabilise prices could function if fixed price ranges were
+close to market reality, if there was full participation by
+producers and consumers, and if participants were prepared to
+take their obligations in the framework of the agreement
+seriously."
+    But Baron added, "No real sanctions are available for a
+country that doesn't stick to its obligations...The German
+approach is sceptical. We don't think agreements are the best
+instrument to help developing countries. They were never meant
+to be a vehicle for the transfer of resources and that is how
+developing countries often interpret them."
+    Traditionally Britain has always been supportive of
+commodity agreements, reflecting its strong links with Third
+World producing countries. But recently demands for more
+stringent and justifiable pacts with emphasis placed on the
+need for "intellectual honesty" and "objective criteria" have
+grown.
+    British officials stress the need for commodity pacts to be
+a two way partnership in trade rather than a disguise for aid.
+    It is now seen as essential that any pacts involving direct
+market participation through a buffer stock have a high degree
+of transparency and do not contain the risk of open-ended
+borrowing that occurred in the tin pact, they said. U.K.
+Delegates talk of stabilisation and the need for prices to
+reflect changes in market structure and price trends rather
+than dictate what prices should be.
+    A Foreign Ministry official in Tokyo said Japan urges price
+realism in commodity pacts, adding high prices inflate supply.
+    A government spokesman in Paris said France is favourable
+to commodity pacts. France, a large consumer and producer of
+sugar, favours a sugar pact as long as it reflects the real
+market situation, particularly regarding stocks.
+    Indonesia's Foreign Minister Mochtar Kusumaatmadja told
+Reuters in Jakarta: "These agreements can work as long as the
+problems are cyclical..But it's another matter when there are
+structural problems..But we are still committed to commodity
+agreements as an act of faith." Nicaraguan External Trade
+Minister Alejandro Martinez Cuenca said in London producers
+cannot afford not to give their backing to commodity
+agreements.
+    "The political will is not there on the part of some
+consumers to make agreements work," Martinez Cuenca said.
+    The head of the economics department in the Brazilian
+Foreign Ministry, Sebastiao do Rego Barros, told Reuters an
+agreement can be successful if it keeps a link with market
+reality. If you have an agreement such as coffee with a system
+of quotas, with a link between prices practised inside the pact
+and actual market prices, it can work. UNCTAD spokesman Graham
+Shanley said consuming countries realise steady export earnings
+enhance developing countries' ability to service debt and mean
+greater demand for industrialised nations' capital goods.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17287" NEWID="11225">
+<DATE>31-MAR-1987 06:12:49.30</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0493&#31;reute
+u f BC-JAPAN-TO-CUT-MICROCHI   03-31 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO CUT MICROCHIP OUTPUT, BOOST IMPORTS</TITLE>
+<AUTHOR>    By Steven Brull, Reuters</AUTHOR>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Leading domestic semiconductor makers
+will boost imports and cut production of key memory microchips
+from next month in line with government attempts to ward off
+U.S. Trade sanctions, company spokesmen said.
+    The moves might persuade the U.S. To call off the
+sanctions, despite obstacles to full implementation of the
+plans, analysts said.
+    The tariffs will affect about 300 mln dlrs worth of
+products and are in retaliation for Japan's alleged failure to
+honour a semiconductor trade pact.
+    In announcing the sanctions last Friday, President Reagan
+said Japan had not fulfilled its promise to halt predatory
+pricing and open Japan's market to foreign products.
+    But U.S. Trade representative Clayton Yeutter said
+yesterday on U.S. Television that the U.S. Is willing to drop
+the tariffs if Japan shows a "clear indication" that it will open
+its markets to U.S. Goods.
+    The Ministry of International Trade and Industry (MITI) has
+urged producers to slash output of the chips by 11 pct in the
+second quarter, following a call to reduce production by more
+than 20 pct the previous quarter.
+    MITI also urged makers to boost chip imports.
+    Analysts said the moves could encourage Washington to
+cancel the tariffs ahead of next month's meeting between Prime
+Minister Yasuhiro Nakasone and President Reagan.
+    "The U.S. Wants to be satisfied. It has rattled its sword
+and shown that it can and will do business," said analyst Nick
+Edwards at Jardine Fleming Securities Ltd in Tokyo.
+    But analysts cautioned that although Japanese producers can
+cut output, boosting imports -- the key to U.S. Withdrawal of
+the sanctions -- is more difficult.
+    "The U.S. Does not have the low-end consumer IC's
+(integrated circuits) that the Japanese need for consumer
+products. They're well supplied here," said Richard May, senior
+analyst at Barclays de Zoete Wedd Ltd in Tokyo.
+    The U.S. Leads in production of medium and high-end IC's,
+but Japanese makers are keen to develop their own high-end
+production skills, the analysts said.
+    "The Japanese must be prepared to trade some losses on
+semiconductors in return for free access to other areas," said
+Edwards.
+    A spokesman for Hitachi Ltd &lt;HIT.T>, said the firm's
+reduced output of 256 kilobit dynamic random access memory
+(256K DRAM) was unrelated to MITI's efforts to ward off the
+trade sanctions. Decreased production was a natural result of
+the company increasing output of one-mln bit DRAM's, he said.
+    Company officials unveiled the following plans -
+    - NEC Corp &lt;NESI.T>, Japan's largest chipmaker, plans to
+slash production of 256K DRAM semiconductors by 29.41 pct to
+six mln per month from a monthly average of 8.5 mln last
+quarter.
+     In the year beginning April 1, NEC will boost chip
+imports, which comprised some 20 pct of all NEC chip
+consumption the year before.
+    - Hitachi Ltd's &lt;HIT.T> April output of 256K DRAM's will
+fall by 25.93 pct to four mln compared to 5.4 mln in March. The
+company is trying to boost imports but has not set a specific
+target. Imports are currently very low.
+    - Toshiba Corp &lt;TSBA.T> will reduce April 256K DRAM
+production by 16.67 pct to just over four mln and is
+considering ways to boost imports, a company official said.
+    Toshiba has an agreement with Motorola Inc (MOT.N) to sell
+the U.S. Firm's chips in Japan. The firms are planning a
+joint-venture production of memory chips in Sendai, northern
+Japan.
+    - Mitsubishi Electric Corp (MIET.T) will trim second
+quarter output by about 10 pct to between 5.5 mln to 5.6 mln
+chips compared to the first quarter. Plans call for increased
+imports but an official said "boosting imports will be difficult
+as it depends on sales demand."
+    - Fujitsu Ltd (ITSU.T) will cut production in accord with
+MITI guidelines and boost imports from currently low levels.
+    - Oki Electric Industry Co Ltd (OKIE.T) will reduce April
+production by 10 pct from March's 3.2 mln. Oki is studying ways
+to increase imports by 10 pct in the fiscal year beginning
+April 1 from the previous year's total of more than five
+billion yen, a company official said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17288" NEWID="11226">
+<DATE>31-MAR-1987 06:19:55.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0505&#31;reute
+u f BC-K-O-P-EQUITY-WARRANT   03-31 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K-O-P EQUITY WARRANT BOND EXPECTED TO BE SWAPPED</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>The proceeds from yesterday's 100 mln
+dlr equity warrant for Kansallis-Osake-Pankki (K-O-P) will
+probably be swapped into floating rate dollars once the final
+terms have been set for the deal, executive vice-president
+Erkki Karmila told a press conference.
+    The seven-year issue has an indicated coupon of 4-1/8 to
+4-5/8 pct and is priced at par. Final terms will be set on
+April 7.
+    Karmila said that in the short term K-O-P did not need
+additional capital funds but the issue "gives us access to
+attractive funds."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17289" NEWID="11227">
+<DATE>31-MAR-1987 06:27:41.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0515&#31;reute
+b f BC-LONDON-AND-SCOTTISH-M   03-31 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON AND SCOTTISH MARINE OIL PLC &lt;LASL.L></TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Year 1986
+    Div 7.0p vs 12.2p
+    Shr 9.6p vs 31.3p
+    Pretax profit 4.4 mln stg vs 118.0 mln
+    Net 17.6 mln vs 37.7 mln
+    Total turnover 183.8 mln vs 348.0
+    Amortisation 71.4 mln vs 86.3
+    Traded oil purchases 41.2 mln vs 44.5 mln Administration
+expenses 6.2 mln vs 8.0 mln
+    Net interest payable 6.4 mln vs 4.8 mln
+    Related company's credit 6.1 mln vs nil
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17290" NEWID="11228">
+<DATE>31-MAR-1987 06:36:30.00</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0528&#31;reute
+b f BC-UK-MONEY-MARKET-GIVEN   03-31 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK MONEY MARKET GIVEN FURTHER 570 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>The Bank of England said it provided the
+market with a further 570 mln stg assistance during the morning
+after revising its estimate of the liquidity shortage to 1.85
+billion stg, before taking account of its early round of bill
+purchases.
+    Initially, the Bank put the likely shortage at some 1.75
+billion and to help offset this gave early assistance of 1.143
+billion.
+    Its total help so far today amounts to 1.713 billion stg.
+ MORE
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17291" NEWID="11229">
+<DATE>31-MAR-1987 06:40:10.38</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0534&#31;reute
+b f BC-(CORRECTION)---MARCH   03-31 0051</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+(CORRECTION) - MARCH 30 - YUGOSLAV TRADE FALLS
+    In Belgrade item  of yesterday "Yugoslav trade falls in 1st
+qtr on year ago" please read on page one "This year current
+exchange rates were used for the first time instead of a fixed
+rate of 264.53 dinars to the dollar."
+    (corrects from 24.53).
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17292" NEWID="11230">
+<DATE>31-MAR-1987 06:42:41.04</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>mauritius</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0539&#31;reute
+u f BC-MAURITIAN-SUGAR-EXPOR   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAURITIAN SUGAR EXPORTS FALL IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Mauritius exported 47,144 tonnes of
+sugar (tel quel) in February, down from 57,911 tonnes (tel
+quel) shipped in January and 89,351 in February 1986, the
+Mauritius Chamber of Agriculture's Sugar News Bulletin said.
+    Opening stocks at the beginning of last month totalled
+320,057 tonnes, against 288,406 tonnes at the start of February
+last year. Closing stocks at the end of February were 270,212
+tonnes, up from 196,309 tonnes at end-February 1986.
+    The estimate for 1986 sugar production was unchanged from
+last month at 748,472 tonnes, raw value, the Chamber said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17293" NEWID="11231">
+<DATE>31-MAR-1987 06:49:34.73</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D><D>sugar</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0547&#31;reute
+r f BC-CSR-SELLS-OIL/GAS-INT   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSR SELLS OIL/GAS INTERESTS, BIDS TO EXTEND SUGAR</TITLE>
+<DATELINE>    SYDNEY, March 31 - </DATELINE><BODY>CSR Ltd has made a bold move in selling
+its oil and gas interests for almost a billion dlrs and
+ploughing 150 mln into its traditional sugar business, share
+analysts said.
+    CSR said it had dropped plans to float its oil and gas
+interests held in the Delhi Australia Fund and would instead
+sell them to Exxon Corp unit Esso Exploration and Production
+Australia Inc for 985 mln dlrs.
+    In a twin announcement CSR, already Australia's largest
+sugar refiner, made a 2.20 dlr a share bid for the 70 pct it
+does not already hold in Pioneer Sugar Mills Ltd.
+    A float of part of Delhi would have raised between 200 and
+300 mln dlrs, but in opting to sell outright CSR had given
+itself the cash to all but eliminate its debt and embark on an
+ambitious expansion programme in its best-performing divisions
+of sugar and building products, analysts said.
+    The Pioneer Sugar investment would give CSR by far the
+largest stake in Australia's 850 mln dlr a year sugar industry
+and access to some of the best sugar properties and mills in
+the country, they said. Pioneer Sugar was expected to recommend
+acceptance of the bid, through which CSR would benefit from the
+bottoming out of a cyclical downturn in sugar prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17294" NEWID="11232">
+<DATE>31-MAR-1987 06:56:30.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0555&#31;reute
+u f BC-LASMO-SET-TO-BENEFIT   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LASMO SET TO BENEFIT FROM FUTURE OIL PRICE RISES</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>London and Scottish Marine Oil Plc
+(Lasmo) &lt;LASL.L> will have an advantage when oil prices rise
+again and it is confident this will happen early in the next
+decade, the company said in a statement accompanying results.
+    Lasmo said its advantage comes from its reserves of oil and
+gas which at the end of 1986 stood at 210 mln barrels of oil
+equivalent, a group record. Reserves have increased every year
+since 1983 at a compounded rate of 10 pct a year.
+    The company reported a 1986 pretax profit of 4.4 mln stg,
+down from 118 mln in 1985.
+    It said falling oil prices caused the downturn.
+    The company said it reacted swiftly to the sharp drop in
+oil prices which began over a year ago. Capital expenditure,
+which had been budgeted at over 150 mln stg, was cut to 51 mln
+stg net of disposals. Managers responded well to the demand for
+lower operating costs and this has been achieved worldwide.
+    The company said had very few exploration wells committed
+for 1987 and therefore retains maximum flexibility in its
+exploration program. Even without further success, the existing
+fields and recent discoveries will contribute significantly to
+profit and cash flow for some years to come, it said.
+    Lasmo shares were down 2p at 251 after the announcement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17295" NEWID="11233">
+<DATE>31-MAR-1987 06:57:30.82</DATE>
+<TOPICS><D>oilseed</D></TOPICS>
+<PLACES><D>uk</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0560&#31;reute
+u f BC-CHINA-BUYS-MALAYSIAN   03-31 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA BUYS MALAYSIAN RBD PALM STEARINE</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>China bought 6,000 tonnes of Malaysian
+refined bleached deodorised palm stearine today for May
+shipment at prices equivalent to around 270 to 275 dlrs per
+tonne fob, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17296" NEWID="11234">
+<DATE>31-MAR-1987 07:06:42.67</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0576&#31;reute
+u f BC-CALL-MONEY-PRESSURE-F   03-31 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALL MONEY PRESSURE FROM LARGE GERMAN BANKS</TITLE>
+<AUTHOR>    By Allan Saunderson, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, March 31 - </DATELINE><BODY>One or two large West German banks
+effectively drained the domestic money market of liquidity at
+the end of the month in order to achieve higher rates from
+their overnight deposits, money dealers said.
+    As a result, call money soared in active trading to around
+the Lombard rate of five pct from 3.70/80 pct yesterday as
+banks found themselves short of minimum reserve funds.
+    Bundesbank figures showed that banks held an average daily
+51 billion marks in interest-free minimum reserve assets at the
+central bank over the first 29 days of the month.
+    Though this was above the March requirement of 50.7
+billion, actual holdings at the weekend were 44.2 billion.
+    To meet the daily average, dealers said, banks must raise
+holdings by two billion marks to 46.3 billion today and
+tomorrow. But liquidity was tight in early business because
+banks excessively took up the Bundesbank's offer for sale of
+Treasury bills on Friday. This provides a rate of 3.50 pct for
+three-day deposits and is an effective floor to the market.
+    Though some liquidity, from bills bought on Thursday,
+flowed back into the market today, the bulk would not return
+until tomorrow, the start of the new month, dealers said.
+    Dealers said the large banks, which they did not name,
+commanded short-term money requirements of as much as five
+billion marks or so.
+    With a knowledge of their own needs until the end of the
+month, the banks bought excessive amounts of treasury bills,
+draining liquidity for three days. When other banks sought
+funds, rates rose and large banks were able to place excess
+funds on deposit at a considerably higher average return.
+    One senior dealer said the Bundesbank, with advanced
+knowledge of the market's needs, should have curtailed its
+sales of treasury bills on Friday.
+    Though dealers only late in the day learn of the total
+minimum reserve holdings of the previous day, the Bundesbank
+has an immediate overview of the situation and could anticipate
+the strength of demand for funds the following day, he said.
+    "(Bundesbank dealers) could easily have said we are not
+selling any treasury bills or we're not selling them in this
+amount," he said. "If the Bundesbank wants to finely steer the
+market then they should avoid such excesses. Tomorrow it will
+be different. Call money will fall back to 4.0 pct or so."
+    But the Bundesbank would not approve of the sharp jump in
+rates, given the delicate state of currency markets.
+    International central banks have been at pains to prevent a
+dollar fall against major currencies, including the mark.
+Dealers said a rise in call money gives the mark a firmer
+undertone, contributing to downward pressure on the dollar.
+    "The whole tender policy is to have a call money of between
+three and four pct. In that case the excesses as we have today
+cannot be very popular," the senior dealer said.
+    Dealers said the large banks probably achieved average
+rates of return on their excess funds of between 3.75 pct or
+four pct. This is a higher return than they would have earned
+without the excessive draining through the treasury bill
+mechanism.
+    Because of the currency situation and the wage negotiations
+between Germany's major employers and the unions, the
+Bundesbank would be very unlikely to make any changes to
+monetary policy at its council meeting on Thursday, they said.
+    Bundesbank figures showed that banks fell back on the
+Lombard emergency funding facility to draw down 1.5 billion
+marks yesterday as rates began to tighten in late business.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17297" NEWID="11235">
+<DATE>31-MAR-1987 07:11:17.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0590&#31;reute
+u f BC-SIEMENS-WINS-DANISH-T   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIEMENS WINS DANISH TELEPHONE SWITCHING ORDER</TITLE>
+<DATELINE>    MUNICH, March 31 - </DATELINE><BODY>Siemens AG &lt;SIEG.F> said it won a major
+order from Jydisk Telfon Aktieselskab (JTAG), Denmark's second
+largest telephone company, for its EWSD digital dialing system.
+    A Siemens statement gave no financial details. But it said
+the JTAG order, together with an order received in 1985 from
+the largest Danish telephone firm, Kjobenhavn Telefon
+Aktieselskab (KTAS), brought Siemens' order volume in Denmark
+to around 100 mln marks over the next 10 years.
+    The JTAG order is for at least 125,000 telephone
+connections with an option to double this amount later.
+    Siemens said the order meant that it, like Sweden's L.M.
+Ericsson &lt;ERIC.ST>, now supply both of Denmark's largest
+telephone companies.
+    Together Siemens and Ericsson have 90 pct of the Danish
+long-distance dialing system market, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17298" NEWID="11236">
+<DATE>31-MAR-1987 07:13:38.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0596&#31;reute
+r f BC-CSR-SELLING-DELHI-TO   03-31 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSR SELLING DELHI TO EXXON UNIT, DROPS DELHI FLOAT</TITLE>
+<DATELINE>    SYDNEY, March 31 - </DATELINE><BODY>CSR Ltd &lt;CSRA.S> and Exxon Corp &lt;XON>
+unit &lt;Esso Exploration and Production Australia Inc> said CSR
+has agreed to sell its &lt;Delhi Australia Fund> (DAF) to Esso for
+985 mln Australian dlrs.
+    The sale is effective from tomorrow, they said in a joint
+statement.
+    The previously announced float of part of its Delhi
+interest will not now proceed, CSR said in the statement.
+    Delhi Australia Fund owns &lt;Delhi Petroleum Pty Ltd>, which
+holds an average of 25 pct in the Santos Ltd &lt;STOS.S>-led
+Cooper and Eromanga Basin gas and liquids projects.
+    In addition to the purchase price, CSR will share equally
+in any returns due to increases in crude oil and condensate
+prices over certain levels for liquids produced from Delhi's
+interests in the next two years, the statement said.
+    "The Esso proposal to purchase all the Delhi interest will
+be more beneficial to our shareholders than proceeding with the
+float," CSR chief executive Bryan Kelman said in the statement.
+    Kelman said the sale of Delhi would enable CSR to focus
+efforts on expanding business areas such as sugar and building
+materials in which CSR has had long and successful management
+experience and strong market leadership.
+    With the sale, CSR will be able to expand those businesses
+more aggressively and earlier, he said.
+    As reported separately, soon after announcing the Delhi
+sale CSR launched a takeover bid for the 68.26 pct of &lt;Pioneer
+Sugar Mills Ltd> that it does not already hold, valuing its
+entire issued capital at 219.6 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17299" NEWID="11237">
+<DATE>31-MAR-1987 07:14:00.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0598&#31;reute
+r f BC-CSR-BIDS-2.20-DLRS-A   03-31 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSR BIDS 2.20 DLRS A SHARE FOR PIONEER SUGAR MILLS</TITLE>
+<DATELINE>    SYDNEY, March 31 - </DATELINE><BODY>CSR Ltd &lt;CSRA.S> said it will offer 2.20
+dlrs cash each for the shares it does not already hold in
+&lt;Pioneer Sugar Mills Ltd>.
+    CSR already holds 31.74 pct of Pioneer's 99.80 mln issued
+shares, it said in a statement.
+    The offer price values the entire Pioneer Sugar share
+capital at 219.6 mln dlrs and compares with today's closing
+market level of 1.85 dlrs a share.
+    CSR said it will announce further details of the offer
+soon, including an alternative offer of CSR shares for Pioneer
+Sugar stock.
+    It said the offer is generous since it will give Pioneer
+Sugar shareholders a price equivalent to 29 times Pioneer's net
+earnings last financial year and a premium of 22 pct over
+yesterday's market price which CSR said it believed already
+contained an element of takeover speculation.
+    It also gives a premium of 91 pct over Pioneer's last
+reported net tangible assets per share, CSR said.
+    CSR said the generous offer price reflects the cost savings
+which will flow from integrated management of CSR's and
+Pioneer's raw sugar mills and building materials businesses.
+    These economies can only be achieved through CSR control
+and management of Pioneer Sugar, it added.
+    The takeover announcement came soon after CSR's earlier
+reported statement that it will sell its &lt;Delhi Petroleum Pty
+Ltd> unit to an Exxon Corp &lt;XON> unit for 985 mln dlrs and not
+proceed with the previously announced float of part of Delhi.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17300" NEWID="11238">
+<DATE>31-MAR-1987 07:15:57.97</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0601&#31;reute
+r f BC-BUNDESBANK-HAS-NOT-IN   03-31 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK HAS NOT INTERVENED TODAY, DEALERS</TITLE>
+<DATELINE>    FRANKFURT, March 31 - </DATELINE><BODY>The Bundesbank declined to comment on
+rumours in Tokyo that it was intervening heavily to support the
+dollar, but dealers here said they had not seen the German
+central bank in the market all morning.
+    The dollar was quoted at around 1.8040 marks shortly after
+midday in nervous but quiet trading, up from its 1.7975/85
+opening.
+    Spreads against the mark remained around 10 basis points,
+with some banks quoting only five point spreads. Dealers said
+spreads would widen and the dollar would move more sharply if
+the Bundesbank did intervene.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17301" NEWID="11239">
+<DATE>31-MAR-1987 07:17:54.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0608&#31;reute
+r f BC-FLETCHER-CHALLENGE-DI   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLETCHER CHALLENGE DISAPPOINTED AT NZ FOREST MOVES</TITLE>
+<DATELINE>    WELLINGTON, March 31 - </DATELINE><BODY>&lt;Fletcher Challenge Ltd> (FCL)
+Managing Director Hugh Fletcher said he was disappointed that
+&lt;Rada Corp Ltd> had decided to sell its shares in &lt;N.Z. Forest
+Products Ltd> (NZFP) to Australia's &lt;Amcor Ltd>.
+    He said in a statement that FCL had made an offer for the
+24 pct of NZFP held by Rada. He said the FCL offer was better
+than Amcor's because it would have been made to all NZFP
+shareholders, but he gave no further details.
+    Amcor and NZFP said earlier today they were merging their
+pulp and paper interests in a joint partnership and were
+increasing their existing cross-shareholdings.
+    The plan involves NZFP increasing its current holding in
+Amcor to about 20 pct from four pct. Amcor will acquire Rada's
+NZFP stake to add to its existing 11 pct and will seek
+statutory approval to increase its holding to 50 pct.
+    Rada bought its stake for 505.5 mln dlrs from &lt;Wattie
+Industries Ltd> last year, but it has not disclosed the price
+to be paid by Amcor.
+    FCL originally launched a takeover bid for NZFP late last
+year with a scrip and/or cash offer at 3.90 dlrs a share,
+valuing the company at 1.3 billion dlrs. NZFP shares ended at
+3.88 dlrs today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17302" NEWID="11240">
+<DATE>31-MAR-1987 07:23:46.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0630&#31;reute
+r f BC-PHILIPPINES-CONFIRMS   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES CONFIRMS PREPAYMENTS ON NEW DEBT PACT</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, March 31 - </DATELINE><BODY>Finance Secretary Jaime Ongpin has
+confirmed the Philippines agreed to make token prepayments of
+principal to foreign banks as part of a 10.3 billion dlr debt
+restructuring package.
+    A Reuters report from New York yesterday quoted bankers as
+saying Manila will pay 111 mln dlrs over 1987, 1988 and 1989.
+    But Ogpin denied Manila was playing down the prepayment
+aspect of the restructuring.
+    "They are public documents and there is nothing secret about
+it," he told Reuters.
+    The debt accord, announced last Friday, stretched
+repayments of 10.3 billion dlrs over a 17-year period with a
+seven and a half year grace period and an interest rate margin
+of 7/8 percentage points over Eurodollar rates.
+    Ongpin said the prepayments were part of "seven different
+scenarios" Philippine negotiators prepared before the talks.
+    "It was one of the many options we offered the banks in
+order to win an attractive pricing," he said.
+    The prepayments were on a 925 mln dlr nine-year loan signed
+in 1985, which carried a four-year grace period. Principal
+repayments were not due until 1990.
+    Ongpin said the prepayments would hardly affect the
+Philippines' balance of payments position.
+    "There is no problem in financing it -- the prepayments
+constitute about 1.5 pct of current international reserves of
+2.5 billion dlrs," he said.
+    "We do plan to cover the costs by selling Philippine
+Investment Notes (PINs) worth about 150 mln dlrs a year."
+    PINs are negotiable, foreign-currency denominated
+instruments that will be offered to creditor banks and are
+designed for conversion into pesos to fund government-approved
+equity investments within the Philippines.
+    Ongpin said Manila would have to repay about 200 mln dlrs a
+year when amortisations on the 925 mln dlr loan came up.
+    He said the 12-bank advisory committee sent telexes of the
+accord to the country's 483 creditor banks and he expected
+documentation and agreement from all of them by July.
+    Foreign bankers here said the pact gave Manila the largest
+interest rate cut among major debtor nations.
+    They said Mexico's new debt package last October marked a
+1/16 point drop from its 1985 debt agreement, while Manila's
+new pact slashed its 1985 agreement by up to 3/4 percentage
+points.
+    Venezuela's new margin last month was only a 1/4 point drop
+from the rate agreed in a rescheduling accord in 1986, the
+bankers said.
+    "Add to this the fact that Manila has frozen principal
+repayents since 1983, while Venezuela has amortised six billion
+dlrs in foreign debt since 1984 and will have paid back more
+than eight billion dlrs by the end of this year," one added.
+    Ongpin said Manila's 7/8 margin meant the Philippines would
+pay about 100 mln dlrs a year in interest when its grace period
+ended.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17303" NEWID="11241">
+<DATE>31-MAR-1987 07:24:39.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0636&#31;reute
+d f BC-SUMITOMO-CHEMICAL-CO   03-31 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITOMO CHEMICAL CO LTD &lt;SUCH.T> YEAR TO DEC 31</TITLE>
+<DATELINE>    OSAKA, March 31 -
+    </DATELINE><BODY>Group shr 4.91 yen vs 6.59
+    Net 7.72 billion vs 10.38 billion
+    Current 16.81 billion vs 20.84 billion
+    Operating 45.56 billion vs 52.02 billion
+    Sales 734.50 billion vs 996.15 billion
+    NOTE - Company forecast for current year is group net 14
+billion, current 30 billion and sales 740 billion based on
+rationalisation efforts and expected market price increases in
+agricultural chemicals and petrochemical products following the
+recovery in world oil prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17304" NEWID="11242">
+<DATE>31-MAR-1987 07:24:50.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>hong-kong</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0637&#31;reute
+d f BC-CHINA'S-CITIC-BUYS-H.   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA'S CITIC BUYS H.K. HOTEL FROM CHEUNG KONG</TITLE>
+<DATELINE>    HONG KONG, March 31 - </DATELINE><BODY>The Peking-owned China International
+Trust and Investment Corp (Citic) bought the unfinished City
+Garden Hotel in Hong Kong from a subsidiary of Cheung Kong
+(Holdings) Ltd &lt;CKGH.HKG> for 235 mln H.K. Dlrs, Cheung Kong
+director Albert Chow said.
+    Cheung Kong's subsidiary &lt;International City Holdings Ltd>
+will complete work on the hotel by the end of 1988, when it
+will be handed over to Citic. The deal does not include the
+decoration or fitting out of the interior of the hotel.
+    The 600-room hotel stands on a 26,700 sq ft site on the
+eastern side of Hong Kong island.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17305" NEWID="11243">
+<DATE>31-MAR-1987 07:29:58.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0650&#31;reute
+u f BC-MANNESMANN-SEES-DIFFI   03-31 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANNESMANN SEES DIFFICULT YEAR FOR CAPITAL GOODS</TITLE>
+<DATELINE>    HANOVER, March 31 - </DATELINE><BODY>Mannesmann AG &lt;MMWG.F> expects a
+difficult year for the capital goods industry in 1987, chief
+executive Werner Dieter told a news conference.
+    Dieter said West German producers would see a downturn in
+foreign business because of lower energy prices and the higher
+mark, as well as a deterioration of the economies of customer
+nations.
+    Domestic business was also declining and orders for West
+German engineering goods have been falling since July 1986,
+Dieter said.
+    Mannesmann's profit fell by an undisclosed amount in 1986.
+    Dieter said Mannesmann's pipe activities would suffer a
+set- back, although measures to cut costs, which were started
+last year, were now having an effect.
+    Dieter noted, however, that pipes and related products
+accounted for less than 30 pct of Mannesmann's turnover. The
+company saw good chances in the automation sector, which Dieter
+said had become one of Mannesmann's "strategic aims."
+    He said the company's drive to combine activities in
+mechanical and electronic engineering was a particular "plus
+point" for Mannesmann.
+    Mannesmann, which yesterday announced it had agreed to take
+a majority stake in the Fichtel und Sachs AG car parts group
+for an undisclosed sum, saw third party group turnover fall
+nine pct in 1986 to 16.60 billion marks. Its world group net
+profit in 1985 was 255.9 mln marks.
+    It has blamed the fall in 1986 profits on the weaker dollar
+and lack of demand for steel pipe.
+    Dieter said there were signs that prices for steel pipe
+were bottoming out and would slowly start to rise, but he added
+the company would continue to cut personnel in this sector this
+year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17306" NEWID="11244">
+<DATE>31-MAR-1987 07:30:10.22</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0651&#31;reute
+r f BC-BANK-OF-JAPAN-TO-SELL   03-31 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 800 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>The Bank of Japan will sell tomorrow a
+total of 800 billion yen worth of financing bills from its
+holdings to help absorb a projected money market surplus of
+1,700 billion yen, money traders said.
+    Of the total, 300 billion yen will yield 3.8992 pct on
+sales from money houses to banks and securities houses in a
+23-day repurchase accord maturing on April 24.
+    The remaining 500 billion yen will yield 3.8990 pct in a
+31-day repurchase pact maturing on May 2, they said.
+    The repurchase agreement yields compare with the 3.8750 pct
+one-month commercial bill discount rate today and the 4.28/11
+pct rate on one-month certificates of deposit.
+    Tomorrow's surplus is attributable to excess bank holdings
+from sales of yen to buy dollars and to huge cash amounts to be
+redeposited at banks after the current financial year-end
+today, the traders said.
+    The operation will put the outstanding bill supply at about
+3,200 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17307" NEWID="11245">
+<DATE>31-MAR-1987 07:36:08.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0681&#31;reute
+r f BC-NAKASONE-SAYS-JAPAN-P   03-31 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE SAYS JAPAN PLANS DRASTIC ECONOMIC PACKAGE</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone said
+Japan plans to work out a drastic set of pump-priming measures
+immediately after Parliament passes the 1987/88 budget.
+    He told a Lower House budget committee the government is
+likely to consider a supplementary budget for fiscal 1987 and a
+new policy for the ceiling on budgetary requests by government
+agencies and ministries for 1988/89.
+    The government had cut budgetary requests in the past five
+years in line with Nakasone's fiscal reconstruction policy of
+stopping the issue of deficit-covering bonds by fiscal 1990.
+    The passage of the budget is expected in late May.
+    Finance Minister Kiichi Miyazawa said in the same session
+Japan should use fiscal funds as much as possible to meet
+domestic and foreign demands for greater domestic growth.
+    Miyazawa said it appears difficult for the government to
+stop the deficit-financing bond issues by the targetted time.
+    Nakasone said he had instructed his Liberal Democratic
+Party to prepare its own economic package in time for his
+one-week visit to Washington starting on April 29.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17308" NEWID="11246">
+<DATE>31-MAR-1987 07:36:34.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0683&#31;reute
+r f BC-GMAC-TO-LAUNCH-EURO-N   03-31 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GMAC TO LAUNCH EURO NOTE PROGRAM APRIL 7</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>General Motors Acceptance Corp (GMAC),
+the financing arm of General Motors Corp of the U.S., Will
+launch its planned one billion U.S. Dlr medium term note
+program in the international capital markets on April 7, said
+Wendy Dietz, a vice-president at Salomon Brothers Inc, New
+York.
+    She told a conference here on medium term notes that GMAC
+is looking to obtain as fine pricing on the paper as it does
+with its program in the U.S.
+    The notes will be sold on a continuously offered basis, the
+most popular structure so far in the U.S.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17309" NEWID="11247">
+<DATE>31-MAR-1987 07:37:49.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0685&#31;reute
+u f BC-SWISSAIR-TO-BUY-PRATT   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISSAIR TO BUY PRATT AND WHITNEY ENGINES</TITLE>
+<DATELINE>    ZURICH, March 31 - </DATELINE><BODY>Swissair &lt;SWSZ.Z> said it will buy Pratt
+and Whitney PW 4000 engines to power six newly-ordered
+McDonnell Douglas MD-11 long haul jets due to enter service
+from 1990.
+    The engine is a newly developed one which will enter
+operation in Summer 1987.
+    Swissair announced on March 19 that it was placing a firm
+order for six of the planes, with an option for another 12. It
+said at the time that it was not sure whether to equip them
+with General Electric, Rolls Royce or Pratt and Whitney
+engines.
+    Pratt and Whitney is a division of United Technologies Corp
+&lt;UTX.N>.
+    A Swissair spokesman declined to say how much the engine
+order was worth. The total order, including six planes, engines
+and parts, is worth 1.2 billion Swiss francs.
+    If Swissair decides to exercise its option for the further
+12 MD-11s these too would have Pratt and Whitney engines, the
+spokesman said.
+    He said the fact the airline's Boeing 747s, McDonnell
+Douglas DC-9s and Airbuses all have Pratt and Whitney engines
+played a major part in the decision.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17310" NEWID="11248">
+<DATE>31-MAR-1987 07:38:45.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0690&#31;reute
+u f BC-SWISSAIR-FINDS-CRACKS   03-31 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISSAIR FINDS CRACKS IN DC-10S</TITLE>
+<DATELINE>    ZURICH, March 31 - </DATELINE><BODY>Swissair &lt;SWSZ.Z> has found cracks in
+the tails of two of its own DC-10 aircraft made by McDonnell
+Douglas Corp &lt;MD.N> and a third belonging to the Dutch airline
+KLM Royal Dutch Airlines &lt;KLM.AS>, a Swissair spokesman said.
+    A Swissair spokesman said the cracks, in the horizontal
+tail surface, came to light during routine maintenance of the
+Dutch aircraft here on March 18.
+    Subsequent checks on Swissair's 11 DC-10s showed similar
+problems, thought to be due to material fatigue, he said.
+    The spokesman said the U.S. Federal Aviation Authority
+(FAA) and McDonnell Douglas have ordered checks of all 400
+DC-10s in use by airlines worldwide.
+    Swissair said both the FAA and Swiss aviation authorities
+had allowed it to continue to fly its DC-10s on condition the
+damage was repaired and planes were checked after each landing.
+    Several days ago, Swissair announced a firm order for six
+McDonnell Douglas's MD-11s, with an option for 12 more, to
+replace its DC-10s. The MD-11 is a development of the DC-10.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17311" NEWID="11249">
+<DATE>31-MAR-1987 07:39:01.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0692&#31;reute
+r f BC-BRITISH-CALEDONIAN-GR   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE> BRITISH CALEDONIAN GROUP ANNOUNCES BIG LOSSES</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>&lt;British Caledonian Group>, Britain's
+second largest airline, has announced a 19.3 mln stg pretax
+loss for the financial year ending last October, compared with
+a record pre-tax profit of 21.7 mln stg in 1985, chairman Sir
+Adam Thomson told reporters.
+    A decline in U.S. Transatlantic traffic following terrorist
+attacks in Europe, the U.S. Bombing of the Libya, the Chernobyl
+disaster and a slump in the oil industry which affected Middle
+East traffic were the main causes of the loss, Thomson said.
+    He said the poor results were caused by "a range of
+exceptional circumstances wholly outside our direct control" and
+predicted a return to profitability this year.
+    Last year, the airline was forced to axe 1,000 jobs, sell
+some of its assets and cut the number of its flights across the
+Atlantic and to the Middle East following the fall in business
+.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17312" NEWID="11250">
+<DATE>31-MAR-1987 07:43:16.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0699&#31;reute
+r f BC-BRAZIL-TO-BE-WORLD'S   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL TO BE WORLD'S THIRD LARGEST VEHICLES MARKET</TITLE>
+<DATELINE>     LONDON, April 1 - </DATELINE><BODY>Brazil will be producing 2.8 mln
+vehicles a year by the end of this century and it could become
+the world's third largest national market for motor vehicles,
+according to a report by the Economist magazine's Economist
+Intelligence Unit.
+    The report stated that Brazil already offered a huge
+national market for the vehicle producers and offered potential
+access to other large Latin American markets. "Development of a
+fully integrated motor industry in Brazil may not be far away,"
+it said. Volkswagen, General Motors, Ford and Fiat are all
+operating modern car plants in Brazil now, it added. 
+ "Multinationals will want to consolidate and then expand in
+Brazil because of the enormous sourcing opportunities that such
+a relatively low cost producer offers," the report said.
+    It pointed out, however, that corporate life in Brazil was
+complicated by its economic situation. "At present Brazil is
+suffering from a debt crisis, rampant inflation and exchange
+rate fluctuations," the Intelligence Unit said.
+    "In spite of this, Brazil's resilience is maintained by the
+potential created by its still under-exploited natural and
+human resources. The reward for holding out in the present
+economic climate could be huge," it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17313" NEWID="11251">
+<DATE>31-MAR-1987 08:04:12.98</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>west-germany</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0719&#31;reute
+r f BC-HAPAG-ORDERS-NEW-CONT   03-31 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAPAG ORDERS NEW CONTAINER SHIP FROM CHINA</TITLE>
+<DATELINE>    HAMBURG, March 31 - </DATELINE><BODY>&lt;Hapag Lloyd AG> said it ordered a new
+container vessel from China for its Australia service.
+    The order was given to the &lt;Hudong shipyards> in Shanghai
+after lengthy negotiations with West German shipbuilders, the
+company said in a statement.
+    The Chinese firm offered to build the vessel at over 30 mln
+marks less than West German yards, despite government subsidies
+which Bonn pays its ailing shipbuilding industry, Hapag said. A
+company spokesman would not comment on the total order value
+but said the new vessel would replace the 33,333 dwt Sydney
+Express in 1989 and would carry 2,700 container units.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17314" NEWID="11252">
+<DATE>31-MAR-1987 08:09:51.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0736&#31;reute
+u f BC-FRENCH-CGE-UNIT-TAKES   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH CGE UNIT TAKES 34 PCT STAKE IN ESCA CORP</TITLE>
+<DATELINE>    PARIS, March 31 - </DATELINE><BODY>State-owned &lt;Cie Generale
+d'Electricite>'s electrical contracting unit &lt;CGEE ALSTHOM> has
+taken a 34 stake in the U.S. Computer firm &lt;ESCA Corp>, CGEE
+ALSTHOM chairman Philippe Boisseau told a press conference.
+    According to an agreement in principle between the two
+companies CGEE ALSTHOM could take a majority stake in the
+future but no time-scale has been set, he added.
+    ESCA, which had a turnover of 13.6 mln dlrs in 1986 and is
+expected to see this rise to 20 mln this year, is one of the
+leading U.S. Suppliers of electric despatching and telecontrol
+systems.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17315" NEWID="11253">
+<DATE>31-MAR-1987 08:17:19.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0750&#31;reute
+r f BC-PARTNERS-CALL-GENCORP   03-31 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARTNERS CALL GENCORP &lt;GY> RESPONSE UNPRODUCTIVE</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>General Acquisition Co said it was
+disappointed by Gencorp's response to its tender offer and
+asked how the company might give better value to shareholders.
+    Gencorp had earlier urged shareholders to reject a 100 dlr
+per share tender offer from General Acquisition, an affiliate
+of Wagner and Brown and AFG Industries Inc, and said it was
+studying financially superior alternatives.
+    The General Acquisition partnership called the response
+inflammatory and unproductive, particularly since it had tried
+to discuss the offer with Gencorp.
+    The partnership said Gencorp failed to say how it would
+provide a "superior value yet they continue their attempt to
+prevent a satisfactory offer by failing to redeem their poison
+pill." Poison pills are shareholder rights plans that make
+takeovers more expensive.
+    Gencorp said in its statement earlier that it planned to
+put off the date its rights will trade separately from the
+common stock to April 6 from April 3. It said the extension was
+subject to further extensions by the board and is conditional
+on no person acquiring beneficial ownership of 20 pct or more
+of Gencorp before April 6.
+    General Acquisition said it is confident its offer can be
+completed in a timely manner using its financial arrangements.
+    The partnership in its statement again urged Gencorp
+management to work with it to facilitate a transaction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17316" NEWID="11254">
+<DATE>31-MAR-1987 08:18:02.76</DATE>
+<TOPICS><D>trade</D><D>yen</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0754&#31;reute
+u f BC-U.S.-MAY-DROP-TARIFFS   03-31 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MAY DROP TARIFFS IF JAPAN OPENS - YEUTTER</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>The U.S. Is willing to drop tariffs on
+Japanese electronic imports if Japan shows it will abide by an
+agreemement opening its markets to American goods, U.S. Trade
+Representative Clayton Yeutter said in a TV interview.
+    "But there has to be a clear indication that they are
+willing to act," he said.
+    Yeutter said difficulties in the Japanese economy caused by
+the U.S. Tariffs and the yen's rise against the dollar are
+problems "they have brought on themselves."
+    The dollar fell to 40-year lows against the yen today.
+    "Certainly the movement of the yen is causing some economic
+turmoil in Japan," he said. "My only response is that we have
+gone through about five years with the dollar going in just the
+opposite direction. Although I can sympathise, it's occurred
+for only a few weeks or months in Japan."
+    The tarriffs, announced on Friday by President Reagan, will
+affect about 300 million dlrs worth of products, only a tiny
+fraction of Japan's total exports to the U.S.
+    Even so, Reagan's decision "doesn't give us any joy. We
+don't want to take retaliatory action here if we don't have to,"
+Yeutter said.
+    Yeutter said the meetings scheduled next month in
+Washington between Reagan and Prime Minister Yasuhiro Nakasone
+will include "some difficult items on the agenda."
+    Japan has failed to implement two parts of a three-part
+semiconductor agreement, Yeutter said.
+    Japan has stopped dumping chips in the U.S. But it has
+failed to open its domestic markets to U.S.-made chips and has
+failed to end predatory pricing in Third World countries,
+undercutting U.S. Products, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17317" NEWID="11255">
+<DATE>31-MAR-1987 08:22:09.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0762&#31;reute
+d f BC-SEDGWICK-BUYS-BSI-INC   03-31 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEDGWICK BUYS BSI INCORP</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Sedgwick Group Plc &lt;SDWK.L> said its
+wholly-owned Canadian subsidiary Sedgwick Tomenson Inc had
+acquired BSi Incorp for a maximum eight mln Canadian dlrs.
+    The funds will be raised through the issue of up to 1.16
+mln ordinary Sedgwick shares to the vendors of BSi by no later
+than 31 January 1991. Some 427,054 shares already have been
+issued.
+    BSi is a privately-held Canadian company involved in
+actuarial, employee and executive benefits consulting and
+administration. Its 1986 pretax profits excluding extraordinary
+items totalled 1.14 mln Canadian dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17318" NEWID="11256">
+<DATE>31-MAR-1987 08:24:19.50</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0764&#31;reute
+b f BC-U.K.-MONEY-MARKET-SHO   03-31 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SHORTAGE FORECAST REVISED UP</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>The Bank of England said it had revised
+its estimate of the deficit in the money market today up to a
+record two billion stg, before taking account of its morning
+operations, from 1.85 billion at midday.
+    The Bank has provided the system with around 1.71 billion
+stg assistance so far today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17319" NEWID="11257">
+<DATE>31-MAR-1987 08:28:14.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0777&#31;reute
+r f BC-REXNORD-&lt;REX>-SELLS-U   03-31 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXNORD &lt;REX> SELLS UNIT TO NEOAX &lt;NOAX></TITLE>
+<DATELINE>    CHICAGO, March 31 - </DATELINE><BODY>Rexnord Inc, 96 pct owned by Banner
+Industries Inc &lt;BNR> following a recent tender offer, said it
+has completed the sale of its Fairfield Manufacturing Co
+subsidiary to NEOAX Inc for 70.5 mln dlrs in cash.
+    Rexnord said it still plans to sell its Process Machinery
+Division and Mathews Conveyor Co as part of its planned program
+to divest five businesses with 200 mln dlrs in assets.
+Bellofram Corp and Railway Maintenance Equipment Co have
+already been sold.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17320" NEWID="11258">
+<DATE>31-MAR-1987 08:28:49.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0779&#31;reute
+r f BC-ORION'S-&lt;OPC>-"PLATOO   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORION'S &lt;OPC> "PLATOON" NAMED BEST PICTURE</TITLE>
+<DATELINE>    LOS ANGELES, March 31 - </DATELINE><BODY>Orion Pictures Corp's film
+"Platoon" was awarded four Oscars by the Academy of Motion
+Picture Arts and Sciences last night, including best picture,
+best director for Oliver Stone and for sound and film editing.
+    Another Orion film, "Hannah anbd Her Sisters," won three
+Academy Awards -- for Woody Allen's original screenplay, Dianne
+Wiest as best supporting actress and Michael Caine as best
+supporting actor.
+    Also winning three awards was Cinecom International Films
+Inc's "Room with a View," for best screenplay adaptation,
+costume design and art direction.
+    Paul Newman, nominated for the seventh time, won the best
+actor Oscar for "The Color of Money," distributed by Walt
+Disney Co's Buena Vista, and deaf actress Marlee Martin was
+named best actress for "Children of a Lesser God," released by
+Gulf and Western Inc's &lt;GW> Paramount Pictures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17321" NEWID="11259">
+<DATE>31-MAR-1987 08:30:29.25</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0785&#31;reute
+f f BC-******U.S.-LEADING-IN   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. LEADING INDICATORS ROSE 0.7 PCT IN FEB AFTER REVISED 0.5 PCT JAN FALL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17322" NEWID="11260">
+<DATE>31-MAR-1987 08:36:01.61</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>tamura</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0806&#31;reute
+u f BC-JAPAN-WILL-ASK-COMPAN   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN WILL ASK COMPANIES TO BOOST IMPORTS</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>Japan's Minister of International Trade
+and Industry, Hajime Tamura, will meet representatives from 151
+of the nation's largest companies next week and appeal to them
+to do their best to increase imports, ministry officials said.
+    The meeting was unveiled as part of a plan to boost imports
+and help head off protectionist legislation in the U.S.
+    Senior officials from the Ministry of International Trade
+and Industry told reporters that such personal appeals appeared
+to have paid off in the past, as Japanese imports of
+manufactured goods have climbed.
+    Leading domestic semiconductor makers will boost imports
+and cut production of key memory microchips next month in an
+attempt to help ward off U.S. Trade sanctions, company
+spokesmen said.
+    The officials also said they expect the government's new
+trade insurance law to boost imports and encourage Japanese
+companies to set up production facilities overseas.
+    Under the new law, the government will insure Japanese
+companies who pre-pay for imports against loss arising from
+everything from war to bankruptcy of the foreign firm they are
+dealing with. MITI estimated that it would help solve Japan's
+trade problem to the tune of about $10 billion dlrs a year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17323" NEWID="11261">
+<DATE>31-MAR-1987 08:37:54.64</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0813&#31;reute
+b f BC-/U.S.-LEADING-INDEX-R   03-31 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LEADING INDEX ROSE 0.7 PCT IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The U.S. index of leading indicators
+rose a seasonally adjusted 0.7 pct in February after a revised
+0.5 pct January fall, the Commerce Department said.
+    The department previously said the index fell 1.0 pct in
+January.
+    The February increase left the index at 187.1 over its 1967
+base of 100, and was led by a rise in stock prices.
+    A total of four of nine indicators available for February
+contributed to the increase in the index.
+    Besides stock prices, they were manufacturers' new orders
+for consumer goods and materials, average work week and
+building permits.
+    Five of nine indicators were negative. They were change in
+sensitive materials prices, money supply, vendor performance,
+average weekly initial claims for state unemployment insurance,
+and contracts and orders for plant and equipment.
+    The main factor in the January revision was contracts and
+orders for plant and equipment, the department said.
+    December also was revised to a 2.4 pct rise from an earlier
+2.3 pct rise due to a change in outstanding credit.
+    The index of coincident indicators, which measures the
+current economy, rose 0.9 pct in February after a decline of
+1.3 pct in January and a rise of 0.9 pct in December.
+    The index of lagging indicators, which measures past
+economic activity, decreased 0.3 pct in February after
+increasing 1.7 pct in January and falling by 0.5 pct in
+December.
+    The department said it has suspended net business formation
+from the leading indicators index because it has deteriorated
+as a measure of change in the business population.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17324" NEWID="11262">
+<DATE>31-MAR-1987 08:43:04.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0824&#31;reute
+u f BC-AMES-&lt;ADD>-FINDS-INVE   03-31 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMES &lt;ADD> FINDS INVENTORY SHORTAGE</TITLE>
+<DATELINE>    ROCKY HILL, Conn., March 31 - </DATELINE><BODY>Ames Department Stores Inc
+said its year-end audit has revealed an extraordinary inventory
+shortage at its Secaucus, N.J., distribution center and an
+investigation is in progress.
+    The company said it expects to report earnings for the year
+ended January 31 in about two weeks and estimates that net
+income will be 27 to 29 mln dlrs, or 72 to 77 cts per share,
+down from earnings of 40.4 mln dlrs or 1.19 dlrs per share
+earned the previous year.
+    Ames said the net income for the year just ended will
+reflect a decline in the gross margin percentage, an increase
+in the effective tax rate and the effect of the inventory
+shortage.
+    A company spokesman said most of the decline in earnings
+results from the inventory shortage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17325" NEWID="11263">
+<DATE>31-MAR-1987 08:46:04.68</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0827&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-31 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 168 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with a further 168 mln stg assistance in the
+afternoon session. This takes the Bank's total help so far
+today to 1.88 billion stg and compares with its estimate of a
+record two billon stg shortage in the system.
+    The central bank purchased bank bills outright comprising
+25 mln stg in band one at 9-7/8 pct, 138 mln stg in band two at
+9-13/16 pct and three mln stg in band three at 9-3/4 pct.
+    It also bought two mln stg of treasury bills in band two at
+9-13/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17326" NEWID="11264">
+<DATE>31-MAR-1987 08:48:28.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0832&#31;reute
+r f BC-A.H.-BELO-&lt;BLC>-SEEKS   03-31 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A.H. BELO &lt;BLC> SEEKS TO REINCORPORATE</TITLE>
+<DATELINE>    DALLAS, March 31 - </DATELINE><BODY>A.H. Belo Corp said it will ask
+shareholders at the May Six annual meeting to approve a change
+of state of incorporation to Delaware from Texas.
+    It said it wants to take advantage of Delaware's more
+flexible corporation laws and laws allowing the limitation of
+directors' liability.
+    Belo said two thirds approval is required.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17327" NEWID="11265">
+<DATE>31-MAR-1987 08:48:38.71</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0833&#31;reute
+b f BC-ICO-BOARD-PASSES-OVER   03-31 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO BOARD PASSES OVER COFFEE QUOTA ISSUE</TITLE>
+<AUTHOR>    By Lisa Vaughan, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Executive board members of the
+International Coffee Organization, ICO, passed over the issue
+of export quota negotiations at its regular meeting here,
+delegates said.
+    No move was made to reopen dialogue on export quotas and no
+further discussion on the issue is likely during the three-day
+talks, they said.
+    Producer and consumer members of the ICO council failed to
+agree export quota shares in early March.
+    Neither Brazil, the largest producer, nor the U.S., the
+largest consumer, are ready to be flexible, delegates said.
+    "The situation is unchanged," consumer spokesman Abraham Van
+Overbeeke told reporters. "As long as Brazil sticks to its
+position there will not be quotas -- there is no point in
+meeting."
+    At the last council meeting, Brazil wanted to maintain its
+previous quota share of around 30 pct of the market. Consumers
+and a splinter group of eight producers favoured redistribution
+of export shares using "objective criteria," which would likely
+have reduced Brazil's share.
+    Brazilian delegate Lindenberg Sette said that, if quota
+negotiations were to resume, the 1.0 mln bag shortfall Brazil
+was willing to give up in early March if the producer proposal
+was accepted would no longer be on the table.
+    "As we said from the start...No agreement, no one million
+bags," he told Reuters.
+    Shortfalls of 200,000 bags offered by OAMCAF, the African
+and Malagasy Coffee Organization, and 20,000 bags offered by
+Angola, are also no longer valid, delegates said.
+    The closest the board came to discussing quotas was a
+briefing by the Guatemalan ICO delegate Rene Montes on a recent
+Latin American producers meeting in Managua, delegates said.
+    There, the producers expressed their political will to
+negotiate basic quotas, particularly in the face of the
+damaging drop in coffee prices after the council failed to
+agree quotas, Montes said.
+    The ICO board also reviewed export statistics and stock
+verification. They expected talks on stock verification to take
+up the remainder of today's session, delegates said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17328" NEWID="11266">
+<DATE>31-MAR-1987 08:48:55.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0835&#31;reute
+r f BC-CITICORP-&lt;CCI>-STARTS   03-31 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITICORP &lt;CCI> STARTS MONEY TRANSFER SERVICE</TITLE>
+<DATELINE>    CHICAGO, March 31 - </DATELINE><BODY>Citicorp's Citicorp Global Payment
+Products subsidiary said it has started nationwide operation of
+its new rapid public money transfer service, Citicorp Express
+Money Service.
+    It said consumers can now send up to 10,000 dlrs across the
+country within 15 minutes, 24 hours a day.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17329" NEWID="11267">
+<DATE>31-MAR-1987 08:49:05.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0836&#31;reute
+r f BC-OXFORD-ENERGY-&lt;OEN>-T   03-31 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OXFORD ENERGY &lt;OEN> TO OFFER SHARES</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Oxford Energy Co said it expects to
+file later today for an offering of 1,200,000 common shares
+through underwriters led by Bear Stearns Cos Inc &lt;BSC>.
+    The company said proceeds will be used for waste tire
+incineration projects and other corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17330" NEWID="11268">
+<DATE>31-MAR-1987 08:49:12.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0837&#31;reute
+r f BC-HUDSON-FOODS-&lt;HFI>-TO   03-31 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUDSON FOODS &lt;HFI> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    ROGERS, Ark., March 31 - </DATELINE><BODY>Hudson Foods Inc said it has
+agreed in principle to acquire Thies Cos Inc, a poultry, beef
+and pork products provider to midwest supermarkets and food
+distributors with sales of about 69 mln dlrs for the year ended
+November One.
+    The company said a definitive agreement is expected to be
+signed in April.  Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17331" NEWID="11269">
+<DATE>31-MAR-1987 08:49:22.35</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0838&#31;reute
+d f BC-IVORY-COAST-BOOSTS-MA   03-31 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IVORY COAST BOOSTS MAIZE OUTPUT</TITLE>
+<DATELINE>    ABIDJAN, March 31 - </DATELINE><BODY>Ivory Coast maize output has risen
+steadily during the last two decades and the country aims to
+produce two mln tonnes annually "very rapidly," the official
+daily Fraternite Matin reported.
+    It said the country reached self-sufficiency in maize three
+years ago and harvested a record 530,000 tonnes in 1985
+compared with only 200,000 tonnes 20 years earlier.
+    The daily did not detail 1986 output but said further
+production increases are anticipated in the years ahead as part
+of a policy of boosting domestic output to cut grain imports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17332" NEWID="11270">
+<DATE>31-MAR-1987 08:49:31.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0839&#31;reute
+d f BC-ESSO-MALAYSIA-REPORTS   03-31 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSO MALAYSIA REPORTS HIGHER PROFIT IN 1986</TITLE>
+<DATELINE>    KUALA LUMPUR, March 31 - </DATELINE><BODY>Esso Malaysia Bhd, a unit of Exxon
+Corp of the U.S., Reported net profit of 70 mln ringgit from
+its petroleum and ammonia operations in 1986 compared with 48.7
+mln in 1985. Chairman Gerald F Cox said the improved
+performance was mainly due to product prices falling more
+slowly than crude prices during the year.
+    He added that total sales volume increased as a result of
+higher offtake by affiliated companies, while inland market
+sales were maintained at around the previous year's levels.
+    But growth prospects in 1987 remained weak and 1986 results
+are unlikely to be repeated in the current financial year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17333" NEWID="11271">
+<DATE>31-MAR-1987 08:50:10.22</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>thailand</D><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0842&#31;reute
+d f BC-THAILAND-BUYS-YUGOSLA   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAILAND BUYS YUGOSLAV CRANES IN BARTER DEAL</TITLE>
+<DATELINE>    BANGKOK, March 31 - </DATELINE><BODY>The Cabinet approved a plan for the
+Port Authority of Thailand to buy six gantry cranes from
+Metalna Co of Yugoslavia for about 13.4 mln dlrs, a government
+spokesman said.
+    He said Thailand will pay for 25 pct of the cost of the
+cranes in U.S. Dlrs and the rest by sales of rice, textiles and
+other commodities to Yugoslavia.
+    The Bangkok Shipowners and Agents Association has appealed
+to the government to scrap the purchase plan. It said it would
+be an unnecessary expense as most vessels calling at the port
+already have their own cargo handling equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17334" NEWID="11272">
+<DATE>31-MAR-1987 08:51:28.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0846&#31;reute
+u f BC-JEWELMASTERS-&lt;JEM>-SE   03-31 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEWELMASTERS &lt;JEM> SEES NET BELOW ESTIMATES</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Jewelmasters Inc said it expects to
+report net income for the year ended January 31 20 to 25 pct
+below analysts' estimates of 1,750,000 dlrs or 95 cts per share.
+    Jewelmasters sales sales for the year just ended were about
+52.5 mln dlrs. In the prior year it earned 1,650,000 dlrs on
+sales of 45.1 mln dlrs.
+    Jewelmasters said net income for the year was hurt by
+disappointing sales in December and January, a high level of
+advertising spending in the fourth quarter, higher than
+expected opening expenses for 34 additional units and an
+adjustment to inventory associated with a shift to a more
+comprehensive inventory system.
+    Jewelmasters said it expects to report audited results for
+the fourth quarter and year in about three weeks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17335" NEWID="11273">
+<DATE>31-MAR-1987 08:52:20.83</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0848&#31;reute
+d f BC-ALUMINIUM-CAPACITY-GR   03-31 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALUMINIUM CAPACITY GROWTH TREND SEEN INSUFFICIENT</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Aluminium capacity expansion planned for
+the period after 1990 will be insufficient to supply any
+acceleration in demand growth, let alone an increase on the
+scale which seems likely, according to analyst Anthony Bird
+Associates' 1987 Aluminium Review.
+    By 1995 non-socialist world primary capacity will need to
+be around 18 mln tonnes, whereas on current plans only 15 mln
+tonnes are scheduled, Bird said.
+    Bird forecast higher economic growth after 1990 and
+increased imports by less developed countries.
+    Aluminium consumption growth is not expected to accelerate
+by as much as general growth, but non-socialist world
+consumption is nevertheless forecast to increase sharply from
+13.77 mln tonnes in 1990 to 17.25 mln tonnes in 1995, Bird
+said.
+    Aluminium companies were slow to adjust to the pace of
+change after 1973, the review said, and now they have completed
+this transition they may be in danger of remaining preoccupied
+with the strategies of retrenchment and survival which have
+served them well in recent years.
+    In order to encourage the construction of additional
+smelters aluminium prices will need to settle at a higher
+level.
+    Production costs are likely to rise again in the years
+ahead as the glut of alumina capacity vanishes and electricity
+suppliers take a more aggressive line with aluminium companies,
+according to the review.
+    At March 1987 prices the three most likely cost-price
+scenarios call for a long-run aluminium price of between 73 and
+89.5 cents a lb, depending on exchange rates, Bird said.
+    Such a price development is not expected to cause any
+marked competitive problems for the metal because of the likely
+rise in commodity prices as a whole and cost pressures in the
+pipeline for steel and copper.
+    In the short term, however, the outlook is dull, Bird said,
+as the world economy has not responded well to the
+opportunities offered by cheap oil.
+    Its 1987 consumption forecast of 13.01 mln tonnes is 0.4
+pct down on 1986, while production is forecast six pct higher
+in 1987 at 12.67 mln tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17336" NEWID="11274">
+<DATE>31-MAR-1987 08:54:23.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0856&#31;reute
+r f BC-ALPHA-INDUSTRIES-&lt;AHA   03-31 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALPHA INDUSTRIES &lt;AHA> SELLS DIVISION</TITLE>
+<DATELINE>    WOBURN, Mass., March 31 - </DATELINE><BODY>Alpha Industries Inc said it has
+sold its Microelectronics Division to Triax Corp for
+undisclosed terms, retroactive to February One.
+    It said the division has yearly revenues of about 12 mln
+dlrs and makes RF microwave components for the defense
+electronics industry.
+    Alpha said it plans to concentrate on the high frequency
+portion of the electromagnetic spectrum.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17337" NEWID="11275">
+<DATE>31-MAR-1987 08:59:10.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M T C G
+&#22;&#22;&#1;f0869&#31;reute
+r f BC-CHINA-GETS-RARE-CRITI   03-31 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA GETS RARE CRITICISM AT PEOPLE'S CONGRESS</TITLE>
+<DATELINE>    PEKING, March 31 - </DATELINE><BODY>Charges of public sector waste,
+corruption and neglect of agriculture have surfaced amid the
+compliments in debates at the annual session of China's
+parliament, the National People's Congress (NPC).
+    China's top entrepreneur Rong Yiren, chairman of the China
+International Investment and Trust Corporation (CITIC), who
+also represents Shanghai in the NPC, attacked the "profit before
+everything" mentality which he said led to theft, embezzlement
+and extravagant gifts and banquets.
+    Public criticism of policy is rare in China.
+    The New China News Agency quoted comments by NPC members on
+Premier Zhao Ziyang's draft work program for the year ahead.
+    The rural lobby was active. Deputies from three provinces
+said Zhao was not forceful enough in tackling their problems.
+One said the state had cut spending on agriculture from 11 pct
+of total capital investment in 1979 to three or four pct today.
+"This is incompatible with the important place occupied by
+agriculture," he said.
+    Other deputies said the state had broken promises to
+improve fertiliser, oil and seed supplies to their provinces.
+    Although another congress member was quoted by the agency
+as saying Zhao's opening speech last week was "discreet,
+appropriate, comprehensive and assuring," others said the
+government had spent too much or too little. One member said
+people were worried about the state's budget deficit, projected
+at more than two billion dlrs this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17338" NEWID="11276">
+<DATE>31-MAR-1987 09:00:58.53</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0872&#31;reute
+r f BC-NORWEGIAN-UNEMPLOYMEN   03-31 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWEGIAN UNEMPLOYMENT FALLS IN MARCH</TITLE>
+<DATELINE>    OSLO, March 31 - </DATELINE><BODY>Unemployment fell in March to 36,510, or
+1.7 pct of the workforce, compared with 39,700 (1.9 pct) in
+February and 38,839 (2.2 pct) in March 1986, the Labour
+Directorate said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17339" NEWID="11277">
+<DATE>31-MAR-1987 09:02:27.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0875&#31;reute
+f f BC-******J.C.-PENEY-DECL   03-31 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>J.C. PENNEY DECLARES TWO FOR ONE SPLIT, RAISES QUARTERLY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17340" NEWID="11278">
+<DATE>31-MAR-1987 09:04:37.13</DATE>
+<TOPICS><D>carcass</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0879&#31;reute
+d f BC-LONDON-MEAT-FUTURES-N   03-31 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON MEAT FUTURES NEED MARKETING - CHAIRMAN</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Pigmeat and beef futures, which have
+been thinly traded on the London Meat Futures Exchange, LMFE,
+despite lower physical prices and the introduction of new
+contracts, need more effective marketing, LMFE chairman Pat
+Elmer said in his annual report.
+    In 1986 the Exchange introduced live cattle and pig cash
+settlement contracts, representing a move away from the
+problems of cash distortions and squeezes, which initial
+deliverable "buyers option" contracts created, he said.
+    Although the physical industry is aware of the market and
+follows its prices keenly, this has not been reflected in
+market volume, Elmer said.
+    "If we are to achieve our true potential the floor members
+must give the market much more time and attention," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17341" NEWID="11279">
+<DATE>31-MAR-1987 09:05:28.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0881&#31;reute
+u f BC-INTERLINK-SAYS-NOT-PL   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERLINK SAYS NOT PLANNING BID FOR PUROLATOR</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>British package courier &lt;Interlink
+Express Plc> does not plan to bid for the whole or part of  
+Purolator Courier Corp &lt;PCC.N>, a spokesman said.
+    "There is no intention of making any sort of approach to
+Purolator," the spokesman told Reuters, adding, "it would be a
+case of David versus Goliath."
+    Interlink shares started trading in the U.K. Unlisted
+Securities Market in October 1986. It posted pre-tax profits of
+2.13 mln stg on turnover of 9.6 mln stg in the six months to
+December 31, 1986. Purolator last year topped turnover of 465
+mln dollars, the spokesman said.
+between Purolator and Interlink in view of a takeover or
+participation. He categorically denied press reports suggesting
+Interlink was developing a buyout bid.
+    The reports said the proposed bid would be a price above
+the 35 dlrs per share offered by &lt;E.F. Hutton LBO Inc>. The
+Hutton offer expires tomorrow.
+    The spokesman said Interlink was seeking to expand
+business, first in continental Europe and later in the U.S. But
+the company did not expect to gain foothold in the U.S. Market
+until 1989 at the earliest, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17342" NEWID="11280">
+<DATE>31-MAR-1987 09:05:37.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0882&#31;reute
+u f BC-GERMAN-INDUSTRY-SEES   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN INDUSTRY SEES GROWTH CONTINUING SLUGGISH</TITLE>
+<DATELINE>    COLOGNE, March 31 - </DATELINE><BODY>The West German economy is expected to
+continue to grow at low levels despite a marked slowing of
+expansive forces in early 1987, the German Industry Association
+(BDI) said.
+    A BDI statement warned, however, that a sense of proportion
+in 1987 wage settlements was necessary to ensure that growth
+was preserved.
+    Union representatives and employers in the key engineering
+industry are currently negotiating on 1987's and union claims
+for a shorter working week. Last week public sector employees
+received a 3.4 pct wage rise retroactive from January 1.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17343" NEWID="11281">
+<DATE>31-MAR-1987 09:06:11.99</DATE>
+<TOPICS><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0884&#31;reute
+d f PM-DOLLAR-KOREA   03-31 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA TO RESIST CURRENCY REVALUATION</TITLE>
+<DATELINE>    SEOUL, March 31 - </DATELINE><BODY>South Korean Finance Minister Chung
+In-yong will resist pressure for a currency revaluation to cut
+South Korea's trade surplus with the United States when he
+meets Treasury Secretary James Baker next week, Finance
+Ministry officials said.
+    They said Chung would leave Monday to attend the
+International Monetary Fund's Interim Committee meeting and to
+hold talks with Baker and other U.S. officials on ways to
+reduce the surplus.
+    The April 9 committee meeting is expected to review the
+agreement by six industrialized nations in Paris last month
+that newly-industrialized countries, such as South Korea and
+Taiwan, should allow their currencies to increase in value.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17344" NEWID="11282">
+<DATE>31-MAR-1987 09:10:15.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0897&#31;reute
+u f BC-/PENNEY-&lt;JCP>-SETS-ST   03-31 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNEY &lt;JCP> SETS STOCK SPLIT, RAISES QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>J.C. Penney Co Inc said its board
+declared a two-for-one stock split and raised the quarterly
+dividend 12 cts per share on a presplit basis to 74 cts.
+    Both are payable May One to holders of record April 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17345" NEWID="11283">
+<DATE>31-MAR-1987 09:11:35.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0900&#31;reute
+u f BC-HILLENBRAND-INDUSTRIE   03-31 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HILLENBRAND INDUSTRIES INC &lt;HB> 1ST QTR FEB 28</TITLE>
+<DATELINE>    BATESVILLE, Ind., March 31 -
+    </DATELINE><BODY>Shr 31 cts vs 28 cts
+    Net 11.9 mln vs 10.9 mln
+    Revs 167.2 mln vs 154.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17346" NEWID="11284">
+<DATE>31-MAR-1987 09:13:04.87</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0904&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   03-31 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 215 MLN STG LATE HELP</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with late assistance of around 215 mln stg.
+This takes the bank's total help today to some 2.096 billion
+stg and compares with its forecast of a two billion stg
+shortage in the system today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17347" NEWID="11285">
+<DATE>31-MAR-1987 09:13:53.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0905&#31;reute
+d f BC-CABLE-SAYS-CONSORTIUM   03-31 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABLE SAYS CONSORTIUM PROPOSALS NOT ACCEPTABLE</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Cable and Wireless Plc &lt;CAWL.L> said
+proposals to resolve a dispute over entry to Japan's
+telecommunications market were not acceptable.
+    A company spokesman said the proposals appear to have been
+made in today's edition of the Japanese daily Asahi by Fumio
+Watanabe, head of a telecommunications committee with the
+Federation of Economic Organisations.
+    However, the suggestion still recommended a merger between
+the two consortia tendering for contracts and would give Cable
+a five pct stake, more than the three pct originally proposed
+but less than the 20 pct it holds in its original venture, he
+said.
+    The proposal would also offer a Cable nominee a seat on the
+board of the merged company.
+    The spokesman said he believed Japan should accept
+applications from the two rivals for fair review.
+    Earlier today Cable shares firmed on market speculation
+that the dispute -- which is being treated by Britain's
+government as a test case of how open the Japanese
+telecommunications market is -- was near settlement.
+    Cable shares at 1350 GMT were quoted at 375p compared with
+a close last night at 364p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17348" NEWID="11286">
+<DATE>31-MAR-1987 09:14:17.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0907&#31;reute
+b f BC-******USAIR-GROUP-IN   03-31 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USAIR GROUP IN DEFINITIVE AGREEMENT FOR TWO BILLION DLRS IN CREDIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17349" NEWID="11287">
+<DATE>31-MAR-1987 09:14:54.45</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0908&#31;reute
+u f BC-U.S./JAPAN-TRADE-WAR   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S./JAPAN TRADE WAR NOT IN UK'S INTEREST - LAWSON</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson said the United States and Japan must work to avert a
+possible trade war, and he added that a trade war would not be
+in the interests of Britain.
+    Lawson told journalists that "the prospects for the (U.K.)
+economy look very very good - providing we can avoid a trade
+war." He stressed that "a heavy responsiblity in different ways
+lies on Japan and the United States to ensure that we do avoid
+such a trade war."
+    Asked whether he believed such a trade war could be
+averted, Lawson replied, "I very much hope so."
+    Britain last week warned that it would retaliate if Japan
+did not move soon to open its markets to outside competition.
+    Prime Minister Margaret Thatcher gave notice that the U.K.
+Would fight the Japanese government's attempt to prevent (Cable
+and Wireless Plc) (CAWL.L) from taking a significant position
+in a new Japanese international telecommunications venture.
+    But British officials are now trying to dampen
+anti-Japanese rhetoric, to try to keep developments under
+control.
+    The British Conservative government will on Thursday
+consider what legal options are available to it to try to
+increase U.K. Access to Japanese markets, officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17350" NEWID="11288">
+<DATE>31-MAR-1987 09:15:46.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0913&#31;reute
+f f BC-******TREASURY'S-BAKE   03-31 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS PARIS ACCORD SHOULD FOSTER RATE STABILITY "AROUND CURRENT LEVELS"
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17351" NEWID="11289">
+<DATE>31-MAR-1987 09:16:43.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0916&#31;reute
+f f BC-******gaf-corp-offers   03-31 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GAF CORP OFFERS 36 DLRS A SHARE CASH FOR BORG-WARNER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17352" NEWID="11290">
+<DATE>31-MAR-1987 09:17:05.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0918&#31;reute
+f f BC-******TREASURY'S-BAKE   03-31 0019</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SEES CURRENT EXPANSION CONTINUING THROUGH THIS YEAR AND BEYOND
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17353" NEWID="11291">
+<DATE>31-MAR-1987 09:17:29.06</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0921&#31;reute
+r f BC-ECONOMISTS-CUT-AUSTRI   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMISTS CUT AUSTRIAN GDP GROWTH FORECAST</TITLE>
+<DATELINE>    VIENNA, March 31 - </DATELINE><BODY>The Institute for Economic Research
+(WIFO) said it has cut its forecast for Austria's 1987 gross
+domestic product growth to a real one pct from a two pct
+forecast made last December.
+    WIFO chief Helmut Kramer told a new conference that he saw
+the one pct figure, which compares with 1.8 pct last year, as
+the upper limit of growth. The institute had made the revision
+due to poor prospects for Austrian exports, he added.
+    A collapse in sales to the Eastern European and oil
+producing states, combined with the effects of the dollar's
+fall, mean exports overall are unlikely to rise this year.
+    Kramer said domestic demand alone would fuel growth this
+year. After last year's 2.8 pct rise in real incomes, private
+consumption was likely to rise 2.25 pct in 1987 after 1.9 pct
+in 1986, despite a present trend towards higher savings.
+    Unemployment was likely to rise to almost six pct from 5.2
+pct last year due to the slack economic activity.
+    Kramer said the current account was likely to run a deficit
+of about four billion schillings compared with a 2.6 billion
+surplus recorded last year. The National Bank, Austria's
+central bank, last month forecast the current account would be
+roughly in balance this year.
+    However, Kramer said the lower economic growth should have
+no notable effect on the government's attempts to cut the
+budget deficit. This year's aim of reducing the deficit to 4.9
+pct of GDP from 5.1 pct in 1986 could still be achieved, he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17354" NEWID="11292">
+<DATE>31-MAR-1987 09:17:39.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0922&#31;reute
+d f BC-FERRUZZI-MAY-FLOAT-UP   03-31 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERRUZZI MAY FLOAT UP TO 49 PCT OF PARIS UNIT</TITLE>
+<DATELINE>    RAVENNA, Italy, March 31 - </DATELINE><BODY>&lt;Gruppo Ferruzzi> is studying a
+project which could result in a public share offer of up to 49
+pct of its French unit &lt;European Sugar (France)> and could
+raise around 400 mln dlrs, Ferruzzi chairman Raul Gardini said.
+    Gardini told Reuters the operation under consideration was
+aimed at "international markets" and that the figure of 400 mln
+dlrs given in some press reports "was probably about right."
+    European Sugar, wholly-owned by Ferruzzi unit Eridania
+Zuccherifici Nazionali SpA &lt;ERDI.M>, is expected to absorb the
+European corn wet milling business of CPC International Inc
+&lt;CPC.N> which Ferruzzi recently agreed to buy.
+    Ferruzzi announced last week it had agreed in principle to
+buy the CPC operation for 630 mln dlrs.
+    A Ferruzzi spokesman later confirmed that the group was
+studying the transfer of the CPC business to European Sugar
+along with a possible share offering in the Paris unit, but
+gave no details.
+    The flotation plan has been interpreted by financial
+analysts as a means of helping finance the acquisition of the
+CPC business.
+    In London yesterday, chairman of Belgian starch producer
+&lt;Amylum NV> Pierre Callebaut told Reuters that since Ferruzzi
+was "apparently still organising finance," his company might
+still succeed with its rival bid for the CPC business.
+    Gardini, commenting on Callebaut's remarks, said the 630
+mln dlrs agreed for the CPC acquisition would be paid "at the
+date foreseen in the preliminary contract."
+    Gardini could not reveal the date in question nor give any
+indication of the likely timing of an offering of shares in
+European Sugar, but it was announced last week that Ferruzzi's
+purchase of the CPC business was expected to be completed by
+September 30.
+    Callebaut said yesterday that Amylum was surprised and
+disappointed that its 675 mln dlr bid cash offer for CPC's
+European business was apparently rejected in favour of
+Ferruzzi's lower bid.
+    Gardini, commenting on Callebaut's remarks, said "Amylum
+should know that one succeeds in a bid by making the right
+offer at the right moment - exactly as Ferruzzi did in the case
+of the acquisition of CPC's European business."
+    Gardini said it was not Callebaut's business to concern
+himself with the European Sugar capital raising operation under
+study, he added.
+    Asked about press reports that Ferruzzi might follow up the
+European Sugar flotation with the sale of 49 pct of the CPC
+business, Gardini said: "We do not exclude having minority
+partners in the CPC business." He declined to elaborate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17355" NEWID="11293">
+<DATE>31-MAR-1987 09:18:46.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0929&#31;reute
+f f BC-******TREASURY'S-BAKE   03-31 0021</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS INDUSTRIAL COUNTRY ECONOMIC COOPERATION IS WORKING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17356" NEWID="11294">
+<DATE>31-MAR-1987 09:19:32.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0933&#31;reute
+r f BC-AVA/DIXONS-LITIGATION   03-31 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVA/DIXONS LITIGATION DROPPED</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Dixons Group Plc &lt;DXNS.L> said that
+following an agreement with &lt;Audio/Video Af~filiates Inc>, AVA,
+all litigation between the companies has been dismissed.
+    AVA filed suit against Dixons, Cyclops Corp, Allegheny Corp
+and others in connection with Dixons' recent tender offer for
+Cyclops on March 20.
+    Dixons also said in today's statement that Cyacq Corp
+agreed to end its competing tender offer of 92.50 dlrs per
+share for all outstanding Cyclops common stock, which total
+some 5.4 mln shares.
+    In line with Cyacq's decision, Dixons said it would now pay
+an additional 4.75 dlrs per share to each shareholder whose
+shares were purchased following its offer for Cyclops at 90.25
+dlrs per share.
+    It said the additional amount, when added to the original
+tender offer, totalled 95 dlrs per share.
+    Dixons said on March 27 that it had raised its stake in
+Cyclops Corp to about 83 pct, and that it intended to increase
+from 90.25 dlrs to 95 dlrs the amount per share paid in the
+merger of a Dixons subsidiary with Cyclops.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17357" NEWID="11295">
+<DATE>31-MAR-1987 09:19:58.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0936&#31;reute
+f f BC-******CORRECTED---GAF   03-31 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CORRECTED - GAF CORP OFFERS 46 DLRS A SHARE CASH FOR BORG-WARNER (CORRECTING AMOUNT)
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17358" NEWID="11296">
+<DATE>31-MAR-1987 09:21:36.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0939&#31;reute
+r f BC-HUGHES-&lt;GMH>,-RAYTHEO   03-31 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES &lt;GMH>, RAYTHEON &lt;RTN> TO SEEK NAVY WORK</TITLE>
+<DATELINE>    CANOGA PARK, Calif., March 31 - </DATELINE><BODY>General Motors Corp's &lt;GM>
+Hughes Aircraft Co subsidiary and Raytheon Co said they formed
+a joint-venture partnership to compete for the U.S. Navy's
+Advanced Air-to-Air Missile program.
+    The two contractors said their teaming is in response to
+the Navy's March 20 request for proposals for the
+demonstration-validation phase of the program that called for
+contractor teaming.
+    The Hughes-Raytheon partnership is called H and R Co.
+    The Hughes-Raytheon statement said McDonnell Douglas Corp's
+&lt;MD> McDonnell Douglas Astronautics Co subsidiary will be the
+principal subcontractor to the partnership and will be
+responsible for the missile airframe design and propulsion.
+    Under the partnership, it said, Raytheon and Hughes will
+have equal responsibility for defining the overall missile
+system design and development.
+    Raytheon will have responsibility for the design of the
+radar guidance sybsystem and target detection device.
+    While Hughes will be responsible for overall guidance and
+missile integration, both companies will assume key roles in
+the integration of the overall missile with the Navy's many
+aircraft and weapons systems, the statement said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17359" NEWID="11297">
+<DATE>31-MAR-1987 09:24:52.35</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM A
+&#22;&#22;&#1;f0948&#31;reute
+b f BC-/U.S.-TREASURY'S-BAKE   03-31 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY'S BAKER SEES RATE STABILITY</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Treasury Secretary James Baker said
+the agreement among the industrial countries reached in Paris
+last month should foster stability of exchange rates at around
+current levels.
+    In testimony before the House Appropriations Committee,
+Baker outlined many of the measures taken designed to achieve
+more balanced growth and a reduction of trade imbalances during
+the Paris meeting.
+    "These measures should also foster greater stability of
+exchange rates around current levels," he said.
+    Baker reiterated that the ministers at the Paris meeting
+agreed that their currencies were within ranges "broadly
+consistent with underlying economic fundamentals and that
+further substantial exchange rate shifts could damage growth
+and adjustment prospects."
+    He added: "In these circumstances, we agreed to cooperate
+closely to foster stability of exchange rates around current
+levels."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17360" NEWID="11298">
+<DATE>31-MAR-1987 09:26:53.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0955&#31;reute
+u f BC-USAIR-&lt;U>-IN-CREDIT-P   03-31 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> IN CREDIT PACT WITH COMMERCIAL BANKS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>USAir Group Inc said it entered into
+a credit agreement with a group of commercial banks to provide,
+on a secured basis, up to two billion dlrs to finance its
+pending acquisitions of Piedmont Aviation Inc &lt;PIE> and
+&lt;Pacific Southwest Airlines> .
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17361" NEWID="11299">
+<DATE>31-MAR-1987 09:27:14.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0957&#31;reute
+b f BC-/GAF-&lt;GAF>-SEEKS-ALL   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAF &lt;GAF> SEEKS ALL OF BORG-WARNER &lt;BOR></TITLE>
+<DATELINE>    WAYNE, N.J., March 31 - </DATELINE><BODY>GAF Corp said it has made an all
+cash merger proposal to Borg-Warner Corp at 46 dlrs per share
+for all the company's common stock.
+    Following a meeting yesterday with Borg-Warner officials
+and investment bankers, GAF said, it is today delivering a
+letter to the Borg-Warner board outling the terms of the
+proposal that would be made by tender offer, pursuant to a
+mutually acceptable merger agreement to be approved by the
+Borg-Warner board and conditioned on that board's
+recommendation of the tender offer and merger.
+    GAF, in its letter, stated it intends to finance the
+proposed acquisition entirely with its own funds and bank
+borrowings under a syndicated bank loan from a group of banks
+led by Chase Manhattan Corp's &lt;CMB> Chase Manhattan Bank.
+    Last week, GAF increased its ownership of Borg-Warner
+shares to 19.9 pct of those outstanding Minstar Inc &lt;MNST> sold
+its 12.4 pct holding.
+    GAF emphasized "the amicable nature of the proposed
+transaction," which it characterized as a partnership.
+    GAF said it wanted to discuss with the Borg-Warner board 
+key roles for Borg-Warner's senior management in the new
+organization, board representation for Borg-Warner directors on
+a newly constituted board, and a company name change.
+    GAF said it will be filing an amendment to its 13-D with
+the U.S. Securities and Exchange Commission.
+    Borg-Warner has about 85.6 mln common shares outstanding.
+    Minstar chairman Irwin L. Jacobs sold his stake after
+Borg-Warner after the company failed to respond to his
+mid-February offer for a negotiated agreement at a minimum
+price of 44 dlrs a share.
+    In November, Jacobs had offered to enter into acquisition
+talks with Borg-Warner based on a price of between 43 and 48
+dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17362" NEWID="11300">
+<DATE>31-MAR-1987 09:28:11.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0959&#31;reute
+d f BC-&lt;trans-canada-glass-l   03-31 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TRANS CANADA GLASS LTD> 4TH QTR LOSS</TITLE>
+<DATELINE>    Vancouver, British Columbia, March 31 -
+    </DATELINE><BODY>Shr loss 11 cts vs loss eight cts
+    Net loss 500,000 vs loss 500,000
+    Sales 47.4 mln vs 37.5 mln
+    Year
+    Shr profit 70 cts vs profit 89 cts
+    Net profit 4.4 mln vs profit 5.3 mln
+    Sales 195.5 mln vs 148.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17363" NEWID="11301">
+<DATE>31-MAR-1987 09:28:23.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0960&#31;reute
+d f BC-GEOTHERMAL-RESOURCES   03-31 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEOTHERMAL RESOURCES INTERNATIONAL INC &lt;GEO></TITLE>
+<DATELINE>    SAN MATEO, Calif., March 31 - </DATELINE><BODY>Year
+    Oper shr 1.23 dlrs vs 1.85 dlrs
+    Oper shr diluted 1.23 dlrs vs 1.79 dlrs
+    Oper net 6,799,000 vs 9,321,000
+    Revs 7,474,000 vs 12.4 mln
+    Avg shrs 4,503,000 vs 4,350,000
+    Avg shrs diluted 4,508,000 vs 5,206,000
+    NOTE: Net excludes gains from discontinued operations of
+386,000 dlrs vs 903,000 dlrs.
+    1986 year net excludes gain 1,910,000 dlrs from sale of
+discontinued operations.
+    Net includes tax credits of 9,450,000 dlrs vs 11.9 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17364" NEWID="11302">
+<DATE>31-MAR-1987 09:28:50.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0962&#31;reute
+u f BC-FIRST-CITY-INDUSTRIES   03-31 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CITY INDUSTRIES INC &lt;FCY> 4TH QTR NET</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 31 -
+    </DATELINE><BODY>Opoer shr profit 17 cts vs loss 96 cts
+    Oper net profit 2,293,000 vs loss 7,110,000
+    Sales 116.0 mln vs 108.3 mln
+    Year
+    Oper shr loss 2.03 dlrs vs loss 2.12 dlrs
+    Oper net loss 13.8 mln vs loss 11.6 mln
+    Sales 454.0 mln vs 446.4 mln
+    NOTE: Net excludes gains from discontinued operations of
+10.2 mln dlrs vs 1,985,000 dlrs in quarter and 4,262,000 dlrs
+vs 1,320,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17365" NEWID="11303">
+<DATE>31-MAR-1987 09:29:14.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0965&#31;reute
+r f BC-CORVUS-&lt;CRVS>-IN-DEAL   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORVUS &lt;CRVS> IN DEAL WITH BELL CANADA &lt;BCE></TITLE>
+<DATELINE>    SAN JOSE, Calif., March 31 - </DATELINE><BODY>Corvus Systems Inc said it has
+rached an agreement to sell networking products for personal
+computers to Bell Canada Enterprises Inc.
+    It said Bell Canada will remarket the products as part of
+its LANSCAPE line throughout Ontario and Quebec.
+    Corvus said it expects the agreement to have a major impact
+on its sales of networking products for years.
+    It said products involved include its Omninet interface
+boards for networking International Business Machines Corp
+&lt;IBM> and compatible computers on Omninet networks, the HUB
+controller, network operating software and cabling components.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17366" NEWID="11304">
+<DATE>31-MAR-1987 09:29:40.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0968&#31;reute
+r f BC-HOME-GROUP-&lt;HME>-STAR   03-31 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME GROUP &lt;HME> STARTS TRADING ON NYSE</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Home Group Inc said its common stock
+starts trading today on the &lt;New York Stock Exchange>.
+    The stock had been traded on the &lt;American Stock Exchange>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17367" NEWID="11305">
+<DATE>31-MAR-1987 09:29:49.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0969&#31;reute
+d f BC-MAGELLAN-PETROLEUM-CO   03-31 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGELLAN PETROLEUM CORP &lt;MPET> 3RD QTR JAN 31</TITLE>
+<DATELINE>    HARTFORD, Conn., March 31 -
+    </DATELINE><BODY>Shr loss nil vs profit nil
+    Net loss 90,656 vs profit 892
+    Revs 2,194,242 vs 2,481,784
+    Avg shrs 19.5 mln vs 16.1 mln
+    Nine mths
+    Shr profit nil vs loss one ct
+    Net profit 42,824 vs loss 149,150
+    Revs 6,364,992 vs 6,503,811
+    Avg shrs 19.5 mln vs 16.1 mln
+    NOTE: Net includes tax credits of 98,338 dlrs vs 81,492
+dlrs in quartrer and 193,193 dlrs vs 226,560 dlrs in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17368" NEWID="11306">
+<DATE>31-MAR-1987 09:30:01.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0971&#31;reute
+d f BC-TERRA-MINES-LTD-&lt;TMEX   03-31 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TERRA MINES LTD &lt;TMEXF> YEAR LOSS</TITLE>
+<DATELINE>    Edmonton, Alberta, March 31 -
+    </DATELINE><BODY>Shr loss 89 cts vs loss 17 cts
+    Net loss 13.9 mln vs loss 1,996,000
+    Revs 204,000 vs 2,087,000
+    Note: 1986 includes writedown of 12.5 mln dlrs for the
+costs of mineral properties and deferred exploration and
+development Bullmoose Lake in the Northwest Territories.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17369" NEWID="11307">
+<DATE>31-MAR-1987 09:30:12.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0973&#31;reute
+d f BC-MERRILL-CORP-&lt;MRLL>-4   03-31 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL CORP &lt;MRLL> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    ST. PAUL, March 31 -
+    </DATELINE><BODY>Shr 17 cts vs 17 cts
+    Net 777,000 vs 595,000
+    Revs 12.9 mln vs 11.7 mln
+    Year
+    Shr 68 cts vs 48 cts
+    Net 2,957,000 vs 1,614,000
+    Revs 49.4 mln vs 38.6 mln
+    Avg shrs 4,344,204 vs 3,337,284
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17370" NEWID="11308">
+<DATE>31-MAR-1987 09:30:18.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0974&#31;reute
+w f BC-D.O.C.-OPTICS-CORP-&lt;D   03-31 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>D.O.C. OPTICS CORP &lt;DOCO> 4TH QTR LOSS</TITLE>
+<DATELINE>    SOUTHFIELD, MICH., March 31 -
+    </DATELINE><BODY>Shr loss 11 cts vs profit 12 cts
+    Net loss 286,817 vs profit 292,014
+    Revs 9,972,379 vs 9,413,304
+    Year
+    Shr profit 63 cts vs profit 57 cts
+    Net profit 1,547,893 vs profit 1,481,703
+    Revs 43.9 mln vs 41.0 mln
+    Avg shrs 2,474,820 vs 2,617,768
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17371" NEWID="11309">
+<DATE>31-MAR-1987 09:30:57.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0977&#31;reute
+r f BC-NORD-RESOURCES-&lt;NRD>   03-31 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORD RESOURCES &lt;NRD> SETS PRIVATE SALE OF STOCK</TITLE>
+<DATELINE>    DAYTON, Ohio, March 31 - </DATELINE><BODY>Nord Resources Corp said Kleinwort
+Grieveson and Co, a U.K. investment banking firm, has agreed to
+privately place 600,000 Nord common shares with institutional
+investors outside of the U.S., primarily in the U.K.
+    Nord said the placement was priced at 17.50 dlrs a share,
+90 pct of the stock's closing price yesterday, and is scheduled
+to close April 10.
+    The company said it will raise about 10 mln dlrs which will
+be used for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17372" NEWID="11310">
+<DATE>31-MAR-1987 09:31:19.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0979&#31;reute
+r f BC-ALLIED-SIGNAL-&lt;ALD>-T   03-31 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL &lt;ALD> TO SHARE METALS TECHNOLOGY</TITLE>
+<DATELINE>    MORRISTOWN, N.J., March 31 - </DATELINE><BODY>Allied-Signal Inc's Metglas
+Products said it and &lt;Vacuumschmelze GmbH> signed a licensing
+agreement whereby each may practice the other's technology for
+amorphous metals in magnetic applications.
+    Amorphous metal products are used in such devices as
+switch-mode power supplies and other electronic components.
+They are based on a proprietary rapid solidification process
+that gives metals a glasslike molecular structure, making them
+stronger, more ductile and corrosion-resistant, with unusual
+magnetic charateristics.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17373" NEWID="11311">
+<DATE>31-MAR-1987 09:31:27.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0980&#31;reute
+r f BC-METROPOLITAN-LIFE-SUB   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROPOLITAN LIFE SUBSIDIARY IN HOTEL PACT</TITLE>
+<DATELINE>    PHOENIX, March 31 - </DATELINE><BODY>&lt;Metropolitan Life Insurance Co of New
+York's> Compris Hotel Corp said it singed a letter of intent to
+develop 33 Compri hotels by 1991.
+    The hotels are to be built in the U.S. and Canada, the
+company said. Compris said it signed the pact with Accor North
+American Corp, a wholly-owned subsidiary of &lt;Accor S.A.>, a
+Paris-based firm.
+    In the U.S., Accor will primarily develop Compri hotels on
+the East Coast, with specific emphasis on the Tri-State area of
+New York, New Jersey and Connecticut, Compris said.
+    Accor will gain licensing rights to Canada, Compris said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17374" NEWID="11312">
+<DATE>31-MAR-1987 09:31:38.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0982&#31;reute
+r f BC-VLI-CORP-&lt;VLIC>-TO-EN   03-31 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VLI CORP &lt;VLIC> TO ENTER CONDOM MARKET</TITLE>
+<DATELINE>    IRVINE, Calif., March 31 - </DATELINE><BODY>VLI Corp said it is in the final
+planning stages for the introduction of a line of condoms that
+it would introduce in the second half.
+    It said it is in the process of selecting a supplier.
+    In addition, the company said in the third quarter it will
+start marketing in the U.S. the Clearplan ovulation test kit,
+made by Unilever PLC &lt;UL>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17375" NEWID="11313">
+<DATE>31-MAR-1987 09:31:50.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0983&#31;reute
+r f BC-DIAPULSE-OF-AMERICA-C   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAPULSE OF AMERICA CLEARED TO MARKET DEVICE</TITLE>
+<DATELINE>    GREAT NECK, N.Y., March 31 - </DATELINE><BODY>&lt;Diapulse Corp of America>
+said it has received permission to resume marketing its
+Diapulse pulsed high peak power electromagnetic energy medical
+device for treatment of postoperative edema and pain in
+superficial soft tissues.
+    The company said it had been enjoined from marketing the
+product in the U.S. since 1972 due to a labeling impasse with
+the U.S. Food and Drug Administration.
+    It said the U.S. District Court for the Eastern District of
+New York modified an injunction against sale of the product
+following a motion filed jointly by the company and the FDA.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17376" NEWID="11314">
+<DATE>31-MAR-1987 09:32:42.89</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0989&#31;reute
+b f BC-/U.S.-TREASURY'S-BAKE   03-31 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY'S BAKER SEES EXPANSION CONTINUING</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Treasury Secretary James Baker said
+that the current expansion, which he noted was in its fifth
+year, will continue in the period ahead.
+    He told the House Appropriations Committee that "there is
+every prospect that the current expansion will continue
+unabated through 1987 and the years beyond."
+    Baker said interest rates over the period have continued to
+decline and that "policies of the Federal Reserve assure that
+ample credit was available.
+    He said that the administration's longer term forecast
+envisioned that "we will maintain and improve upon our progress
+in bringing down the rate of inflation."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17377" NEWID="11315">
+<DATE>31-MAR-1987 09:35:09.69</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D><D>tunisia</D><D>egypt</D><D>lebanon</D><D>israel</D><D>algeria</D><D>morocco</D><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0999&#31;reute
+d f BC-EC-APPROVES-MEDITERRA   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC APPROVES MEDITERRANEAN FINANCIAL PACKAGES</TITLE>
+<DATELINE>    BRUSSELS, March 31 - </DATELINE><BODY>EC ministers have approved financial
+packages for several Mediterranean states totalling 1.6 billion
+European currency units, an EC official said.
+    The packages, part of special EC trade agreements with
+Tunisia, Egypt, Lebanon, Israel, Algeria, Morocco and Jordan
+until 1992, include 615 mln Ecus in grants, he said.
+    They include one billion Ecus in loans from the European
+Investment Bank, the EC long-term financing arm. The framework
+for the transfers was signed yesterday by EC farm ministers
+after being agreed in principle by foreign ministers earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17378" NEWID="11316">
+<DATE>31-MAR-1987 09:36:32.63</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>ussr</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1005&#31;reute
+u f BC-SOVIET-UNION-FEATURES   03-31 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET UNION FEATURES IN U.K. GRAIN EXPORTS</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>The Soviet Union featured prominently in
+U.K. Grain exports outside the EC for the period July 1/March
+13, taking a combined total of 1.10 mln tonnes of wheat and
+barley out of all-destination U.K. Exports of 7.16 mln tonnes,
+the Home Grown Cereals Authority said, quoting provisional
+Customs and Excise figures.
+    The Soviet total comprises 634,000 tonnes of wheat and
+472,000 tonnes of barley. Grain traders said the figures
+understate shipments already made by several thousand tonnes
+and they expect total U.K. Grain exports to the USSR this
+season to reach 2.5 mln tonnes, comprising 1.5 mln wheat/1.0
+mln barley.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17379" NEWID="11317">
+<DATE>31-MAR-1987 09:43:26.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1025&#31;reute
+d f BC-SOUTHERN-HOSPITALITY   03-31 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN HOSPITALITY CORP &lt;SHOS> 3RD QTR FEB 28</TITLE>
+<DATELINE>    NASHVILLE, Tenn., March 31 -
+    </DATELINE><BODY>Shr loss 23 cts vs loss 11 cts
+    Net loss 1,128,412 vs loss 548,054
+    Sales 9,827,784 vs 12.1 mln
+    Nine mths
+    Shr loss 19 cts vs profit 11 cts
+    Net loss 926,924 vs profit 527,004
+    Sales 32.3 mln vs 37.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17380" NEWID="11318">
+<DATE>31-MAR-1987 09:43:32.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1026&#31;reute
+d f BC-M/A-COM-&lt;MAI>-GETS-AR   03-31 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>M/A-COM &lt;MAI> GETS ARMY CONTRACT</TITLE>
+<DATELINE>    BURLINGTON, Mass., March 31 - </DATELINE><BODY>M/A-Com Inc said it has
+received a U.S. Army contract for the production and support of
+terminals capable of receiving messages from the Defense
+Satellite Communications System.
+    The company said the contract has an initial value of
+3,700,000 dlrs and a potential value of 17.0 mln dlrs.
+Production will start in March 1989, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17381" NEWID="11319">
+<DATE>31-MAR-1987 09:49:09.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1037&#31;reute
+b f BC-NORTH-RHINE-WESTPHALI   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH-RHINE WESTPHALIA ISSUES 1.2 BILLION MARK BOND</TITLE>
+<DATELINE>    DUESSELDORF, West Germany, March 31 - </DATELINE><BODY>North-Rhine
+Westphalia is raising 1.2 billion marks through a 10-year
+domestic bond with a coupon of 6-1/8 pct and priced at 100.20,
+lead manager Westdeutsche Landesbank Girozentrale, WestLB,
+said.
+    The bonds yield 6.10 pct at issue, and will be sold from
+April 2 to 7. Payment date is April 17, and the bond matures on
+the same date in 1997. Some one billion marks will be issued
+for immediate sale, and the remaining 200 mln marks will be set
+aside for market regulation.
+    Listing will be on all eight West German exchanges.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17382" NEWID="11320">
+<DATE>31-MAR-1987 09:49:49.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1040&#31;reute
+u f BC-ELDER-BEERMAN-STORES   03-31 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDER-BEERMAN STORES CORP &lt;ELDR> 4TH QTR FEB ONE</TITLE>
+<DATELINE>    DAYTON, Ohio, March 31 -
+    </DATELINE><BODY>Oper shr 89 cts vs 1.31 dlrs
+    Oper net 3,345,000 vs 4,885,000
+    Sales 126.8 mln vs 120.1 mln
+    Year
+    Oper shr 1.67 dlrs vs 2.15 dlrs
+    Oper net 6,299,000 vs 8,013,000
+    Sales 380.9 mln vs 352.1 mln
+    NOTE: Share adjusted for five pct stock dividend.
+    Prior year net both periods excludes gain 1,998,000 dlrs
+from reversion of overfunded pension plans.
+    Year net includes pretax LIFO inventory charge 600,000 dlrs
+vs credit 900,000 dlrs.*Tax rate 40.6 pct vs 32.0 pct due to
+impact of Tax Reform Act of 1986.
+    Bad debt writeoffs for year up one mln dlrs pretax from the
+year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17383" NEWID="11321">
+<DATE>31-MAR-1987 09:50:11.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1044&#31;reute
+u f BC-&lt;TWIN-CITY-BARGE>-PRO   03-31 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TWIN CITY BARGE> PROPOSES REORGANIZATION</TITLE>
+<DATELINE>    SOUTH ST. PAUL, MINN., March 31 - </DATELINE><BODY>Twin City Barge Inc said
+it proposed a plan of reorganization to several of its largest
+creditors.
+    The company also said it expects to file a Chapter 11
+petition in the U.S. Bankruptcy Court in the near future.
+    If these creditors agree to the plan, Twin City Barge said
+it would propose it to its other creditors and to its
+shareholders. Under the plan, the company would issue new
+common stock to unsecured creditors and to a group of investors
+who would fund the reorganization.
+    Twin City also said as a result of a judgment entered March
+Three in Dakota County, Minnesota District Court, John Lambert,
+its former chairman and chief executive officer, started
+actions to draw against bank accounts and other assets of the
+company for 409,000 dlrs in severence benefits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17384" NEWID="11322">
+<DATE>31-MAR-1987 09:50:49.61</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1049&#31;reute
+b f BC-/TREASURY'S-BAKER-SAY   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SAYS COOPERATION WORKING</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Treasury Secretary James Baker said
+that the agreement in Paris to cooperate in exchange rate
+changes showed that the process of coordination agreed to at
+the Tokyo summit was working.
+    He told the House Appropriations Committee the meeting
+"demonstrated that the process is working."
+    He noted that the industrial surplus countries committed
+themselves to strengthen their growth prospects while the
+deficit countries agreed to reduce their domestic imbalances.
+
+    Baker said that for its part, Japan announced a cut in its
+discount rate to 2.5 pct and committed itself to prepare a
+comprehensive economic program to stimulate domestic demand
+after the Diet completes action on the current budget.
+    He said the United States must also do its share pressing
+for reductions in the federal budget deficit through spending
+cuts.
+    "And we must continue to oppose protectionist pressures,"
+he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17385" NEWID="11323">
+<DATE>31-MAR-1987 09:57:54.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1070&#31;reute
+u f BC-EUROTUNNEL-NEEDS-CAPI   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROTUNNEL NEEDS CAPITAL INCREASE BY END JULY, BENARD SAYS</TITLE>
+<AUTHOR>    By Brian Childs, Reuters</AUTHOR>
+<DATELINE>    CALAIS, March 31 - &lt;Eurotunnel>, the Anglo- </DATELINE><BODY>French channel
+tunnel consortium, needs to launch its planned 7.7-billion
+franc third stage capital increase by end July to cover ongoing
+project costs, French co-chairman Andre Benard said today.
+    If the proposed public share offering was delayed beyond
+then, Eurotunnel would have to find bridging finance, he told
+reporters during a visit by French parliamentarians to the
+construction site of the French tunnel terminal.
+    Early elections in Britain could cause such a delay, he
+noted.
+    Britain's lower house of Parliament last month passed a
+bill endorsing the construction of the 50-km (31-mile) tunnel.
+The bill still needs approval of the upper house of Lords.
+    Benard said the consortium had decided after lengthy
+discussion to issue an identical mix of securities in the
+London and Paris markets, but details of the precise package
+had still to be decided.
+    The offering would comprise approximately three billion
+francs in each market with another 1.5 billion offered in the
+United States, Japan and other European markets. Timing will be
+set to take account of the French privatisation program.
+   Earlier this month a Eurotunnel official said the
+ratification bill should go before the National Assembly (lower
+house) early next month before passing to the Senate (upper
+house) at the end of May.
+    Eurotunnel officials expect work on the sites to start in
+December or January. The tunnel should be completed by 1993 for
+an overall cost of 50 billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17386" NEWID="11324">
+<DATE>31-MAR-1987 09:58:33.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1074&#31;reute
+d f BC-AKZO-PLANNING-US-INVE   03-31 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AKZO PLANNING US INVESTMENTS</TITLE>
+<DATELINE>    ARNHEM, Netherlands, March 31 -  </DATELINE><BODY>Dutch chemicals group Akzo
+NV &lt;AKZO.AS> said it hoped to consolidate its core activities
+this year by making small acquisitions in the US.
+   Akzo chairman Aarnoud Loudon told a news conference on its
+1986 report that the company wanted to achieve the same level
+of US investments it had before it divested its fibre firm
+American Enka in December 1985, when US investments represented
+20 pct of Akzo's total capital.
+   The US expansion plans were not an attempt to compensate for
+losses in guilder income through the lower dollar, Loudon said.
+    He said a more important factor was the speed of growth in
+the US, adding "It's the largest industrial market in the world."
+But he said the company would also be looking at possible
+acquisitions in Europe.
+    Despite its highly liquid cash flow, Akzo did not plan
+acquisitions on a scale that would negatively influence the
+company's debt/equity ratio, Loudon said.
+   The chairman said in the past two years Akzo had spent 1.1
+billion guilders on acquisitions, of which nearly two thirds
+were in the United States.
+REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17387" NEWID="11325">
+<DATE>31-MAR-1987 09:59:21.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1078&#31;reute
+b f BC-NL-INDUSTRIES-&lt;NL>-ST   03-31 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NL INDUSTRIES &lt;NL> STUDIES SPIN OFF</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>NL Industries Inc said it would seek
+an alternative to current plans to spin off its chemical
+operations if an affiliate tries to block the plan.
+    The company said the lessor of an NL Chemicals pigment
+making plant in Leverkusen, West Germany, has indicated the
+plan, without the lessors consent, would allow the lessor
+ to buy the plant and terminate a
+supplies and services agreement.
+    NL said it disagrees with the lessor's position and will
+seek its consent to the spin-off. If the lessor does not
+consent, NL will pursue an alternative that will result in the
+separation of its chemicals and petroleum services businesses.
+    NL said it believes the alternative form of the separation
+would not require the lessor's consent, which would not be
+sought. The alternative would require approval by NL
+shareholders and other parties, which should be attainable, it
+said.
+    As previously announced, NL plans to distribute shares of
+NL Chemicals Inc common stock as a spin-off, through redemption
+of NL's Series C preferred stock depositary receipts, when the
+redemption is not likely to result in significant tax liability
+to either NL or NL Chemicals.
+    NL also said it may consider paying the redemption value of
+the Series C preferred stock in cash instead of implementing
+the spin-off or the alternative for separating the two
+businesses.
+    Under terms of the Series C preferred, NL at any time may
+redeem the stock for cash. At Feb 28, 1987, the redemption
+value was about 15 dlrs per depositary receipt, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17388" NEWID="11326">
+<DATE>31-MAR-1987 10:00:32.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1087&#31;reute
+f f BC-******U.S.-FEB-FACTOR   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FEB FACTORY ORDERS ROSE 4.3 PCT, EXCLUDING DEFENCE ORDERS ROSE 3.2 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17389" NEWID="11327">
+<DATE>31-MAR-1987 10:01:42.82</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>france</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1093&#31;reute
+u f BC-OECD-SEES-MAJOR-ADJUS   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD SEES MAJOR ADJUSTMENT FOR AUSTRALIA</TITLE>
+<DATELINE>    PARIS, March 31 - </DATELINE><BODY>Australia faces a major medium term
+adjustment to reduce debt and improve its economic performance,
+the Organisation for Economic Cooperation and Development said
+in its latest annual review of the Australian economy.
+    It said Australia had a current external deficit of 5-3/4
+pct of gross domestic product, high and rapidly rising external
+debt equal to 30 pct of GDP, growing servicing costs and
+inflation above nine pct, far higher than that of other OECD
+countries.
+    A major policy change in early 1985 helped lay the basis
+for sustained non-inflationary growth and external
+competitiveness had improved, but economic performance overall
+had sharply deteriorated since June 1985.
+    A major shift of real resources to the external sector --
+about 4-1/2 pct of GDP by 1990-91 -- was required for the
+economy to expand in line with potential, for employment to
+grow, and for the debt/GDP ratio to stabilize, it said.
+    Success depended on the setting of right policies including
+tighter fiscal policy, a reduction in the public sector
+borrowing requirement and on private sector behaviour.
+    Looking ahead over the next 18 months, the OECD expected
+economic performance to improve, partly as a result of tighter
+fiscal and monetary policy, and a substantial improvement in
+trade volumes.
+    It said positive GDP growth of three pct might be restored,
+the current external deficit could fall to some 4-1/2 pct of
+GDP by the first half of next year, while inflation was
+projected to decelerate to around five to 5-1/2 pct by
+mid-1988.
+    Continued real wage moderation was essential to maintain
+the competitive edge created by the Australian dollar's
+depreciation, and to maintain if not boost profit shares in
+order to encourage business investment.
+    The report urged Australia to broaden its export base by
+developing viable and competitive service and manufacturing
+industries, and not count on a recovery of commodity markets to
+correct its external imbalances.
+    It added Australia should reduce protection levels in
+manufacturing, even though faster trade liberalisation would no
+doubt hurt the most protected sectors of industry.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17390" NEWID="11328">
+<DATE>31-MAR-1987 10:03:51.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1110&#31;reute
+r f BC-RADIATION-DISPOSAL-&lt;R   03-31 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RADIATION DISPOSAL &lt;RDIS> TOUTS NEW METHOD</TITLE>
+<DATELINE>    CHARLOTTE, N.C., March 31 - </DATELINE><BODY>Radiation Disposal System Inc
+said tests have been successful in using radioactive materials
+to reduce the volume of low-level organic radioactive waste.
+    The company said the tests were completed at North Carolina
+State University in Raleigh. The tests showed the process
+reduced the volume of radioactive waste without any
+environmental release of radioactive solids or gases, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17391" NEWID="11329">
+<DATE>31-MAR-1987 10:04:10.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1112&#31;reute
+r f BC-INVESTORS-SAVINGS-&lt;IS   03-31 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS SAVINGS &lt;ISLA> TO REDEEM PREFERRED</TITLE>
+<DATELINE>    RICHMOND, Va., March 31 - </DATELINE><BODY>Investors Savings Bank said it
+will redeem on May 8 its 95 ct Series A cumulative convertible
+preferred stock at 10.72 dlrs plus accrued interst of 10 cts
+per share.
+    The company said each share may be converted instead into
+1.333 common shares through May 1.  Investors have outstanding
+1,166,857 preferred shares convertible into 1,555,420 common
+shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17392" NEWID="11330">
+<DATE>31-MAR-1987 10:07:04.36</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1124&#31;reute
+u f BC-/U.S.-SUGARBEET-PLANT   03-31 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUGARBEET PLANTINGS SEEN RISING IN 1987</TITLE>
+<DATELINE>    WASHINGTON, MARCH 31 - </DATELINE><BODY>Representatives of U.S. sugar grower
+organizations said they expect some increase the area planted
+to sugarbeets this year and said the prospects for the 1987
+cane sugar crop also are good.
+    Dave Carter, president of the U.S. beet sugar association,
+said plantings may be up in two major beet growing states,
+California and Michigan, while sowings could be down slightly
+in the largest producing state of Minnesota.
+    Overall, Carter predicted beet plantings would rise in the
+midwest, and this coupled with increases in California would
+increase U.S. sugarbeet plantings slightly from the 1.232 mln
+acres sown last year.
+    USDA later today releases its first estimate of 1987 U.S.
+sugarbeet plantings in the prospective plantings report.
+    The main reason for the expected increase in beet sowings
+is that returns from competing crops such as soybeans and
+grains are "just awful," said Carter.
+    In the midwest, bankers are strongly encouraging farmers to
+plant sugarbeets because the U.S. sugar program offers a loan
+rate of 18 cents per pound and because payments to farmers from
+beet processors are spread evenly over the growing season, said
+Luther Markwart, executive vice president of the American
+sugarbeet growers association.
+    "The banks are putting a lot of pressure on these guys,"
+Markwart said.
+    In some areas there are waiting lists of farmers seeking a
+contract with processors to plant beets, Markwart said.
+    USDA's report today will not include any harvested area
+estimates for sugarcane, but representatives of Florida, Hawaii
+and Louisiana growers said crop prospects are good.
+    Horis Godfrey, a consultant representing Florida and Texas
+cane growers, said Florida cane is off to a good start  because
+for the first time in several years there was no winter freeze.
+Although area to be harvesteed is about the same as last year,
+cane production may be up in Florida this year, he said.
+    In Hawaii, area harvested may decline slightly this year,
+but likely will be offset again in 1987 by increased yields,
+said Eiler Ravnholt, vice president of the Hawaiian Sugar
+Planters Association.
+    The acreage planted to sugarbeets will receive more than
+the usual amount of attention this year because of mounting
+concern that continued increases in domestic sugar production
+threaten the U.S. sugar program, industry sources said.
+    The increases in beet plantings have especially caused
+concern among cane growers who have not expanded plantings,
+particularly in Hawaii, industry officials said.
+    "We haven't had a good weather year throughout the beet and
+cane areas in more than five years," said Godfrey, adding that
+the U.S. may be due for a good weather year.
+    Rep. Jerry Huckaby, D-La., chairman of the House
+agriculture subcommittee responsible for the sugar program, has
+threatened to offer legislation next year to curb domestic
+sweetener output if growers fail to restrain output in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17393" NEWID="11331">
+<DATE>31-MAR-1987 10:07:18.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1125&#31;reute
+b f BC-/U.S.-FACTORY-ORDERS   03-31 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FACTORY ORDERS ROSE 4.3 PCT IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>New orders for manufactured goods
+rose 8.0 billion dlrs, or 4.3 pct, in February to a seasonally
+adjusted 194.6 billion dlrs, the Commerce Department said.
+    It was the largest one month rise in orders since a 4.8 pct
+increase in September 1986, the department said.
+    The February gain followed a revised orders drop in January
+of 5.3 pct, the largest drop on record since the department
+revised the statistics in 1982.
+    The January decline was originally reported as 4.0 pct.
+    Excluding defense orders factory orders rose 3.2 pct in
+February after a 3.9 pct January decline.
+    The new orders rise in February included an increase in
+durable goods orders of 6.4 billion dlrs, or 6.7 pct, to 101.9
+billion dlrs. The department had estimated on March 24 that
+February durable goods orders rose 6.0 pct.
+    New orders for nondurable goods  were up 1.6 billion dlrs,
+or 1.8 pct, in February to 92.7 billion dlrs, the department
+said.
+    These figures compared with a January decline of 9.8 pct in
+durables orders and no change in nondurables orders in January.
+    Defense orders rose 2.2 billion dlrs, or 47.8 pct, in
+February after falling 38.5 pct in January.
+    Orders for nondefense capital goods gained a slight 0.1 pct
+in February after falling 8.6 pct in January.
+    Within major industry categories, orders increases were
+widespread. Transportation equipment was up 12.5 pct after
+falling by 17.9 pct in January.
+    Primary metals orders rose 12.7 pct in February after
+dropping by 20.1 pct in January.
+    Electrical machinery orders rose 6.9 pct in February after
+dropping 15.4 pct in January.
+    February shipments were up 5.8 billion dlrs, or 3.0 pct to
+195.7 billion dlrs after falling 3.9 pct in January.
+    Unfilled orders declined 1.1 billion dlrs, or 0.3 pct, to
+369.4 billion dlrs.  It was the third consecutive monthly
+decline in unfilled orders, the department said.
+    Manufacturers' inventories were down slightly in February
+to 320.4 billion dlrs after rising in January by 0.8 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17394" NEWID="11332">
+<DATE>31-MAR-1987 10:08:30.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1131&#31;reute
+u f BC-NEW-PLAN-REALTY-TRUST   03-31 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW PLAN REALTY TRUST &lt;NPR> TO REDEEM NOTES</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>New Plan Realty Trust said it plans to
+redeem on April 30 all of its outstanding 8-3/8 pct convertible
+subordinated debentures due Nov 15, 2000.
+    As of March 30, there were 55.6 mln dlrs of debentures
+outstanding. The redemption price will be 107.179 pct of the
+principal amount plus accrued interest, the company said.
+    Holders will have the right to convert the notes up to the
+close of business on April 30. The current adjusted conversion
+price is 11.49 dlrs a share.
+    Of the total original issue of 66.7 mln dlrs, 50 mln dlrs
+of notes were sold to the public and 16.7 mln dlrs were sold to
+the Merchant Navy Officers Pension Fund of Great Britian.
+    Bankers Trust is the trustee for the debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17395" NEWID="11333">
+<DATE>31-MAR-1987 10:08:59.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1134&#31;reute
+u f BC-HECK'S-INC-&lt;HEX>-4TH   03-31 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HECK'S INC &lt;HEX> 4TH QTR JAN THREE NET</TITLE>
+<DATELINE>    NITRO, W.Va., March 31 -
+    </DATELINE><BODY>Shr losses not given
+    Net loss 7,800,000 vs loss 5,400,000
+    Sales 181.2 mln vs 182.0 mln
+    Year
+    Shr losses not given
+    Net loss 17.8 mln vs loss 4,900,000
+    Sales 566.3 mln vs 523.3 mln
+    NOTE: Company operating in Chapter 11 bankruptcy.
+    1986 year net includes four mln dlr LIFO charge and
+3,400,000 dlr credit from pension plan termination.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17396" NEWID="11334">
+<DATE>31-MAR-1987 10:09:09.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1136&#31;reute
+r f BC-NORD-RESOURCES-&lt;NRD>   03-31 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORD RESOURCES &lt;NRD> SELLS SHARES PRIVATELY</TITLE>
+<DATELINE>    DAYTON, Ohio, March 31 - </DATELINE><BODY>Nord Resources Corp said it has
+agreed to make a private placement of 600,000 common shares to
+institutional investors in Britain and elsewhere outside the
+U.S. priced at 17.50 dlrs per share.
+    It said funds will be used for general corporate purposes.
+    Closing of the placement is scheduled for April 10, Nord
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17397" NEWID="11335">
+<DATE>31-MAR-1987 10:09:22.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1138&#31;reute
+r f BC-CAPITAL-BANCORP-&lt;CAPB   03-31 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPITAL BANCORP &lt;CAPB> SEES GAIN ON UNIT SALE</TITLE>
+<DATELINE>    BOSTON, March 31 - </DATELINE><BODY>Capitol Bancorp said it has sold its 80
+pct interest in CAP Mortgage Co Inc for 3.1 mln dlrs, adding
+this is expected to result in an after tax gain of about
+900,000 dlrs to be reported in the first quarter.
+    Capitol Bancorp said the CAP Mortgage interest was sold to
+Michael M. Bronstein, president of CAP Mortgage, and Robert
+Fox, president of Fox Properties Inc. Bronstein already held
+the other 20 pct of CAP Mortgage's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17398" NEWID="11336">
+<DATE>31-MAR-1987 10:09:39.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1141&#31;reute
+r f BC-4G-DATA-SYSTEMS-&lt;GGGG   03-31 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>4G DATA SYSTEMS &lt;GGGG> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 31 -</DATELINE><BODY>qtr ends Jan 31
+    Shr nil vs nil
+    Net 2,213 vs 16,288
+    Revs 1,418,019 vs 795,522
+    Avg shrs 6,650,000 vs 4,150,000
+    Nine mths
+    Shr two cts vs three cts
+    Net 118,984 vs 103,384
+    Revs 4,066,605 vs 2,741,241
+    Avg shrs 6,650,000 vs 3,969,444
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17399" NEWID="11337">
+<DATE>31-MAR-1987 10:09:44.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1142&#31;reute
+r f BC-TANDEM-COMPUTERS-&lt;TND   03-31 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDEM COMPUTERS &lt;TNDM> PICKED BY FOOD CHAIN</TITLE>
+<DATELINE>    CUPERTINO, Calif., March 31 - </DATELINE><BODY>Tandem Computers Inc said
+&lt;Carr-Gottstein Co Inc>, a grocery and commercial real estate
+concern, installed a Tandem NonStop EXT10 computer system to
+provide check authorization for its statewide chain of
+supermarkets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17400" NEWID="11338">
+<DATE>31-MAR-1987 10:09:48.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1143&#31;reute
+d f BC-&lt;NIKI-LU-INDUSTRIES-I   03-31 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NIKI-LU INDUSTRIES INC> YEAR NET</TITLE>
+<DATELINE>    HIALEAH, Fla., March 31 -
+    </DATELINE><BODY>Oper shr profit 18 cts vs loss 38 cts
+    Oper net profit 577,000 vs loss 1,147,000
+    Revs 16.3 mln vs 19.8 mln
+    Avg shrs 3,227,625 vs 3,057,206
+    NOTE: 1986 net excludes 485,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17401" NEWID="11339">
+<DATE>31-MAR-1987 10:09:55.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1144&#31;reute
+d f BC-OLD-DOMINION-SYSTEMS   03-31 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLD DOMINION SYSTEMS &lt;ODSI> GETS CONTRACT</TITLE>
+<DATELINE>    GERMANTOWN, Md., March 31 - </DATELINE><BODY>Old Dominion Systems Inc said
+it has received a contract to provide multi-line voice
+messaging systems to the U.S. Immigration and Naturalization
+Service.
+    It said the contract is to provide 280,000 dlrs of
+equipment immediately and contains options for the purchase of
+another 800,000 dlrs worth through May 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17402" NEWID="11340">
+<DATE>31-MAR-1987 10:10:05.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1146&#31;reute
+d f BC-COLOROCS-CORP-&lt;CLRX>   03-31 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOROCS CORP &lt;CLRX> YEAR LOSS</TITLE>
+<DATELINE>    NORCROSS, Ga., March 31 -
+    </DATELINE><BODY>Shr loss 28 cts vs loss 29 cts
+    Net loss 2,086,477 vs loss 1,466,907
+    Revs 218,864 vs 60,000
+    Avg shrs 7,510,781 vs 4,990,168
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17403" NEWID="11341">
+<DATE>31-MAR-1987 10:10:41.47</DATE>
+<TOPICS><D>coffee</D><D>sugar</D><D>cocoa</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nycsce</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1150&#31;reute
+b f BC-nycsce-margin   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSCE RESTRUCTURES COFFEE FUTURES DAILY LIMITS</TITLE>
+<DATELINE>    New York, March 31 - </DATELINE><BODY>The Coffee, Sugar and Cocoa Exchange
+has expanded the normal daily trading limit in Coffee "C"
+contracts to 6.0 cents a lb, from the previous 4.0 cents,
+effective today, the CSCE said.
+    The new daily limits apply to all but the two nearby
+positions, currently May and July, which trade without limits.
+    In addition, the 6.0 cent limit can be increased to 9.0
+cents a lb if the first two limited months both make limit
+moves in the same direction for two consecutive sessions,
+according to the CSCE announcement.
+    Before the rule change today, the CSCE required two days of
+limit moves in the first three restricted contracts before
+expanding the daily trading limit.
+    Under new guidelines, if the first two restricted
+deliveries move the 6.0 cent limit for two days the Exchange
+will expand the limit. The expanded 9.0 cent limit will remain
+in effect until the settling prices on both of the first two
+limited months has not moved by more than the normal 6.0 cent
+limit for other contracts in two successive trading sessions,
+the CSCE said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17404" NEWID="11342">
+<DATE>31-MAR-1987 10:10:54.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1152&#31;reute
+d f BC-GE-&lt;GE>-CIRCUITS-CERT   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> CIRCUITS CERTIFIED BY MILITARY</TITLE>
+<DATELINE>    RESEARCH TRIANGLE PARK, N.C., March 31 - </DATELINE><BODY>General Electric
+Co said the U.S. Defense Electronics Supply Center has awarded
+its Research Triangle Park, N.C., facility a generic
+certification for the production of two-micro gate arrays for
+military use.
+    The company said after it qualifies three generic test
+circuits using the newly-certified two-micro process -- a
+standard evaluation chip, micro test chip and JEDEC benchmark
+chip -- the facility will require greatly simplified testing to
+comply with military standards.  That qualification is expected
+by the fourth quarter, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17405" NEWID="11343">
+<DATE>31-MAR-1987 10:11:03.41</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1153&#31;reute
+d f BC-KANSAS-EXCHANGE-HITS   03-31 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS EXCHANGE HITS CFTC POSITION LIMIT PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The Kansas City Board of Trade,
+KCBT, has asked federal futures regulators to modify a proposal
+to raise the Chicago Board of Trade's, CBT, speculative
+position limits on wheat futures contracts, saying the plan
+would put the the Kansas exchange "at a serious competitive
+disadvantage."
+    The Commodity Futures Trading Commission, CFTC, last month
+proposed raising CBT wheat speculative limits to 1,200
+contracts all months net from 600 contracts, and to 900
+contracts for any single month from 600 contracts.
+    At the same time, CFTC proposed leaving KCBT's wheat
+speculative position limits unchanged.
+    "Higher limits for CBT wheat than for KCBT wheat would
+significantly impair the KCBT's ability to compete with the CBT
+for speculative interest," Michael Braude, president of the
+Kansas exchange, said in a letter to CFTC.
+    A CFTC spokesman said the commission took into account open
+interest affected by existing speculative limits in proposing
+to raise CBT's limits.
+    KCBT said the CFTC proposal would reduce hedging
+efficiency, constrain growth of intermarket spreading and of
+the exchange's wheat options contract and impair its ability to
+attract large speculators.
+    The Kansas City exchange asked the commission to amend its
+proposal to change the limits for KCBT wheat to the exact same
+bushel amount as specified for CBT wheat.
+    CFTC will consider public comments on the proposal until
+June 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17406" NEWID="11344">
+<DATE>31-MAR-1987 10:17:48.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T
+&#22;&#22;&#1;f1189&#31;reute
+d f BC-FERRUZZI-MAY-FLOAT-UP   03-31 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERRUZZI MAY FLOAT UP TO 49 PCT OF PARIS UNIT</TITLE>
+<DATELINE>    RAVENNA, Italy, March 31 - </DATELINE><BODY>Gruppo Ferruzzi is studying a
+project which could result in a public share offer of up to 49
+pct of its French unit European Sugar (France) and could raise
+around 400 mln dlrs, Ferruzzi chairman Raul Gardini said.
+    Gardini told Reuters the operation under consideration was
+aimed at "international markets" and that the figure of 400 mln
+dlrs given in some press reports "was probably about right."
+    European Sugar, wholly-owned by Ferruzzi unit Eridania
+Zuccherifici Nazionali SpA, is expected to absorb the European
+corn wet milling business of CPC International Inc which
+Ferruzzi recently agreed to buy.
+    Ferruzzi announced last week it had agreed in principle to
+buy the CPC operation for 630 mln dlrs.
+    A Ferruzzi spokesman later confirmed that the group was
+studying the transfer of the CPC business to European Sugar
+along with a possible share offering in the Paris unit, but
+gave no details.
+    The flotation plan has been interpreted by financial
+analysts as a means of helping finance the acquisition of the
+CPC business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17407" NEWID="11345">
+<DATE>31-MAR-1987 10:18:34.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1195&#31;reute
+r f BC-HECK'S-&lt;HEX>-CHANGES   03-31 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HECK'S &lt;HEX> CHANGES AUDITORS</TITLE>
+<DATELINE>    NITRO, W. Va., March 31 - </DATELINE><BODY>Heck's Inc said it has named
+Touche Ross and Co to replace KMG Main Hurdman as auditor.
+    A company spokesman said the change was made in connection
+with Heck's Chapter 11 bankruptcy filing on March 5.
+    The company said Touche Ross will complete work on 1986
+financial statements that had been begun by KMG Main Hurdman.
+    Heck's also said Bernard H. Frank has resigned from the
+board for health reasons but remains the senior officer of its
+wholesale division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17408" NEWID="11346">
+<DATE>31-MAR-1987 10:19:20.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f1198&#31;reute
+r f BC-SILICON-GRAPHICS-&lt;SGI   03-31 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SILICON GRAPHICS &lt;SGIC> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Silicon Graphics Inc is raising 35 mln
+dlrs via an offering of convertible subordinated debentures due
+2012 with a 5-3/4 pct coupon and par pricing, said lead manager
+Morgan Stanley and Co Inc.
+    The debentures are convertible into the company's common
+stock at 30.35 dlrs per share, representing a premium of 25.15
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the issue is rated B-2 by
+Moody's Investors Service Inc and CCC-plus by Standard and
+Poor's Corp. Alex Brown and Sons Inc co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17409" NEWID="11347">
+<DATE>31-MAR-1987 10:19:40.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1200&#31;reute
+b f BC-TAMURA-CORP-ISSUES-70   03-31 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAMURA CORP ISSUES 70 MLN SWISS FRANC NOTES</TITLE>
+<DATELINE>    ZURICH, March 31 - </DATELINE><BODY>Tamura Corp is issuing 70 mln Swiss
+francs of five-year straight notes with a 4-3/4 pct coupon and
+par issue price, lead manager Swiss Bank Corp said.
+    Payment is due April 15.
+    The notes are guaranteed by the Sumitomo Bank Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17410" NEWID="11348">
+<DATE>31-MAR-1987 10:21:07.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1209&#31;reute
+d f BC-gandalf-buys-stake-in   03-31 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANDALF &lt;GANDF> ACQUIRES STAKE IN DATA/VOICE</TITLE>
+<DATELINE>    OTTAWA, March 31 - </DATELINE><BODY>Gandalf Technologies Inc said it
+acquired a significant minority equity interest in privately
+held Data/Voice Solutions Corp, of Newport Beach, Calif., for
+undisclosed terms.
+    Gandalf did not specify the size of the interest.
+    Data/Voice is a three-year-old designer and manufacturer of
+a multiprocessor, multiuser MS-DOS computing system that
+Gandalf plans to integrate with its private automatic computer
+exchange information system, Gandalf said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17411" NEWID="11349">
+<DATE>31-MAR-1987 10:21:31.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1211&#31;reute
+b f BC-keycorp-&lt;key>-agrees   03-31 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEYCORP &lt;KEY> AGREES TO ACQUIRE UTAH BANK</TITLE>
+<DATELINE>    ALBANY, N.Y., March 31 - </DATELINE><BODY>Keycorp said it has signed a
+definitive agreement to acquire Commercial Security Bancorp
+&lt;CSEC> by exchanging Keycorp common valued at 63 dlrs for each
+Commercial Securities share.
+    Keycorp said this gives the transaction an indicated value
+of 102 mln dlrs.
+    Keycorp said the amount of its stock to be exchanged will
+be based on the daily average closing price of the shares for
+an unspecified period prior to the closing of the acquisition.
+    Based on a maximum of about 2.75 Keycorp shares and a
+minimum of about 1.8 Keycorp to be exchanged, the agreement
+provides that if the average price of Keycorp common is less
+than 21.50 dlrs a share during the pricing period, the
+agreement will terminate unless a new conversion ratio can be
+negotiated.
+    Keycorp said the transaction is designed to be tax free to
+Commercial Security shareholders. The company said it will
+treat the merger as a pooling of interests.
+    It said the proposal is subject to approval by Commercial
+Security shareholders and various regulators.
+    Keycorp said the merger is expected to become effective as
+soon as possible after December 31, 1987, the date Utah's
+interstate banking law becomes operational.
+    Keycorp said Richard K. Hemingway and certain members of
+the Hemingway family who own about 30 pct of Commercial
+Security's outstanding shares have agreed to vote in favor of
+the transaction and not dispose of their stock.
+     Based in Salt Lake City, Commercial Security ended 1986
+with assets of 830.3 mln dlrs, net loans of 496.6 mln dlrs and
+deposits of 707.9 mln dlrs. It had net income of 5.1 mln dlrs
+or 3.16 dlrs a share on 1.6 mln average shares outstanding last
+year.                        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17412" NEWID="11350">
+<DATE>31-MAR-1987 10:22:28.99</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1219&#31;reute
+u f BC-/EXXON-&lt;XON>-OIL-AND   03-31 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> OIL AND GAS PRODUCTION ROSE IN 1986</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Exxon Corp said in its annual report
+that it raised production in 1986 although it did not replace
+all oil and gas produced.
+    The company said that it added about four pct to production
+bringing it to 1.8 mln bpd, the highest level since 1979, based
+largely on increased production of oil overseas but additions
+to its reserves from new discoveries and reserve acquisitions
+did not replace all of the oil and gas produced.
+    The company said that the average price for oil and gas
+declined 41 pct in 1986 from the previous year sparking a 38
+pct decline in its earnings from exploration and production.
+    Exxon's earnings from exploration and production in 1986
+fell to 3.1 billion dlrs from 4.9 billion dlrs in 1985.
+    Exxon said that its principal gains in production came from
+the Gulf of Mexico, Alaska, the North Sea, Malaysia and from
+oil sands in Canada.
+    Exxon also said that it acquired 11.2 mln acres for
+expoloration spread over 10 countries including the U.S, Europe
+and the Far East.
+    But capital expenditures for exploration and production
+were cut to 4.6 billion dlrs from 7.6 billion the previous year
+and further reductions were expected in 1987.
+    Exxon said that its net share of crude oil and natural gas
+liquids produced from offshore fields in the North Sea reached
+a new high of 422,000 bpd.
+    The light, sweet crudes produced from these North Sea
+fields also gave the company trading gains as Exxon was able to
+sell much of this crude and replace it with cheaper, lower
+quality crude oil for its refineries which have been upgraded
+over the past several years.
+    The trading gains and lower acquisition costs gave Exxon
+more of a spread in its refinery operations and added to
+earnings gains from refining and marketing.
+    Exxon said earnings from refining and marketing operations
+rose to nearly two billion dlrs in 1986, up from 872 mln dlrs
+in 1985.
+    The company said petroleum sales slipped slightly to 4.043
+mln barrels per day from 4.082 mln bpd in 1985 while crude runs
+rose to 3.0 mln bpd from 2.9 mln bpd the previous year.
+    Exxon's refinery operations benefited from a three year 500
+mln dlr upgrading program to its Baytown, Texas refinery
+completed last October and an 850 mln dlr upgrading project in
+Rotterdam both of which emphasize utilizing lower grade crudes
+to extract higher proportions of light products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17413" NEWID="11351">
+<DATE>31-MAR-1987 10:23:12.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1221&#31;reute
+u f BC-NIGERIA-IN-MAJOR-TARI   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA IN MAJOR TARIFFS REVIEW BY JULY</TITLE>
+<DATELINE>    LAGOS, MARCH 31 - </DATELINE><BODY>The Nigerian government will carry out a
+major review of import tariffs by the end of July, said member
+of the ruling council and chief of general staff Rear-Admiral
+Augustus Aikhomu, seen as the government's number two.
+    "The comprehensive review will take care of items like spare
+parts for vehicle assembly plants and machinery" he said.
+    The government last reviewed tariffs in February following
+the depreciation of the Nigerian naira by over 60 pct since the
+currency was allowed to float last September.
+    Aikhomu said the review was only an interim measure.
+    Manufacturers saw the tariffs unfavourable to local
+industries.
+    Aikhomu repeated the government had not decided to remove
+the remaining petroleum subsidies.
+    He dismissed arguments that the move would increase
+hardships faced by the poor due to the government's tough
+economic adjustment programme as "sentimental and baseless."
+    Last year, the government cut fuel subsidies by 80 pct but
+this has since been lost to the naira's depreciation which has
+made oil products cheap and a target of smuggling to
+neighbouring countries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17414" NEWID="11352">
+<DATE>31-MAR-1987 10:25:14.03</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>china</D><D>ussr</D></PLACES>
+<PEOPLE><D>de-clercq</D></PEOPLE>
+<ORGS><D>gatt</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1233&#31;reute
+u f BC-SOVIET-UNION-SEEN-WAT   03-31 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET UNION SEEN WATCHING CHINA GATT APPLICATION</TITLE>
+<DATELINE>    PEKING, March 31 - </DATELINE><BODY>China's application to join the General
+Agreement on Tariffs and Trade (GATT) is seen as a test case by
+the Soviet Union, which will probably demand to follow China, a
+top European Community official said.
+    Willy de Clercq, External Relations Commissioner of the
+European Communities, told a news conference that China's
+application would involve long and difficult negotiations.
+    China formally applied to join GATT in July 1986 and in
+February presented a memorandum backing its application, which
+De Clercq said was now being studied. Questions would then be
+presented to China.
+    "After China, other important state-trading countries
+including the Soviet Union, will probably demand accession.
+China's application could be considered a test case," he said.
+    He said the EC strongly backed China's application, but
+others among GATT's 92 contracting parties took a tougher line.
+    Among the numerous problems of a huge centrally-run economy
+entering a free trade system are tariffs and reciprocity and
+the expectation that China will practice an open-trade policy
+without trade discrimination, de Clercq added.
+    De Clercq noted the different dimensions of the Chinese
+economy and those of Hungary and Yugoslavia, the two current
+Socialist GATT members.
+    On China's import potential, he said a foreign exchange
+shortage would force China to import less this year and next
+than in the past, with an emphasis on technological equipment
+and capital.
+    During his visit, De Clercq has met top Chinese leaders and
+today signed an agreement to open a European Community
+Commission office in Peking.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17415" NEWID="11353">
+<DATE>31-MAR-1987 10:28:53.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1251&#31;reute
+f f BC-******CHRYSLER-MOTORS   03-31 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER EXTENDS SALES INCENTIVE PROGRAM UNTIL APRIL 10 FROM MARCH 31
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17416" NEWID="11354">
+<DATE>31-MAR-1987 10:29:33.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1256&#31;reute
+r f BC-ROCKY-MOUNT-UNDERGARM   03-31 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKY MOUNT UNDERGARMENT &lt;RMUC> 4TH QTR LOSS</TITLE>
+<DATELINE>    ROCKY MOUNT, N.C., March 31 -
+    </DATELINE><BODY>Shr loss 53 cts vs loss 32 cts
+    Net loss 1,548,000 vs loss 929,000
+    Revs 9,362,000 vs 11.3 mln
+    12 mths
+    Shr loss 82 cts vs profit 17 cts
+    Net loss 2,408,000 vs profit 452,000
+    Revs 40.9 mln vs 39.5 mln
+    NOTE: full name of company is Rocky Mount Undergarment Co
+Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17417" NEWID="11355">
+<DATE>31-MAR-1987 10:29:56.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1258&#31;reute
+r f BC-FORD-&lt;F>-AWARDS-2.3-M   03-31 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> AWARDS 2.3 MLN DLR CONTRACT</TITLE>
+<DATELINE>    DEARBORN, Mich., March 31 - </DATELINE><BODY>Ford Motor Co said it has
+awarded &lt;Cimarron Express Inc>, an Ohio-based minority owned
+and operated trucking company, a 2.3 mln dlr regional
+transportation contract.
+    Ford said that under the contract Cimarron will transport
+automotive parts from more than 50 supplier firms in eight
+southern states to Ford's Wixom Assembly Plant in Michigan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17418" NEWID="11356">
+<DATE>31-MAR-1987 10:30:59.41</DATE>
+<TOPICS><D>gnp</D><D>lei</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1261&#31;reute
+u f BC-/U.S.-COMMERCE-SECRET   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COMMERCE SECRETARY SEES HIGHER GNP GROWTH</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+said a 0.7 pct rise in February's index of leading indicators
+pointed to stronger economic growth in the first half of 1987.
+    In a statement commenting on the rise last month after a
+0.5 pct January decline, Baldrige noted the leading index was
+rising at an 8.0 pct annual rate in the six months to the end
+of February.
+    "Based on past relationships, that gain is consistent with
+stepped up growth in real GNP during the first half of 1987,"
+Baldrige said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17419" NEWID="11357">
+<DATE>31-MAR-1987 10:31:13.98</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1263&#31;reute
+u f BC-/U.S.-SENATE-LEADERS   03-31 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE LEADERS SEE NO TRADE WAR BREWING</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The Senate's Democratic and 
+Republican leaders praised President Reagan for retaliating
+against Japan for violating a semiconducter accord but dashed
+cold water on ideas it was the first shot in a trade war.
+    Senate Democratic Leader Robert Byrd and Republican leader
+Bob Dole both told the Senate Reagan's decision was long
+overdue and urged Japan to open its markets to U.S. goods and
+stop dumping on world markets.
+    Each noted in separate speeches that they saw no trade war
+over the issue, despite concerns in financial markets.
+    "That fear has no basis in fact," Byrd said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17420" NEWID="11358">
+<DATE>31-MAR-1987 10:31:26.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1264&#31;reute
+r f BC-DYR-LIQUIDATING-&lt;DYR>   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DYR LIQUIDATING &lt;DYR> SETS LIQUIDATING PAYOUT</TITLE>
+<DATELINE>    SCOTTSDALE, Ariz., March 31 - </DATELINE><BODY>DYR Liquidating Corp,
+formerly Dyneer Corp, said its board declared a third
+liquidating dividend of one dlr per share payable to
+shareholders of record on April 14 and said it will file a
+certificate of dissolution on that date.
+    The company said shareholders of record on that date will
+acquire beneficial interests in the liquidating trust that will
+be formed to hold all of the company's assets.
+    It said it has asked the American Stock Exchange to suspend
+trading in its common stock at the close on April 6 to ensure
+settlement of all traded by April 14.
+    DYR said it expects its stock to be withdrawn from
+registration under the Securities Exchange Act of 1934 shortly
+after April 14.
+    DYR said the pay date for the dividend will be April 28.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17421" NEWID="11359">
+<DATE>31-MAR-1987 10:33:37.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1276&#31;reute
+d f BC-NETWORK-SECURITY-CORP   03-31 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NETWORK SECURITY CORP &lt;NTWK> YEAR NET</TITLE>
+<DATELINE>    DALLAS, March 31 -
+    </DATELINE><BODY>Shr 1.24 dlrs vs 19 cts
+    Shr diluted 1.11 dlrs vs 19 cts
+    Net 11.9 mln vs 1,830,000
+    Revs 79.3 mln vs 46.1 mln
+    NOTE: 1986 net includes pretax charge 8,300,000 dlrs from
+increases and reserves and writeoffs of low-yielding assets and
+pretax gain 20.8 mln dlrs from sale of Multi-Family subsidiary.
+ Another 3,800,000 dlrs of gain from the Multi-Family sale will
+be recognized in 1987 if Multi-Family meets targeted operating
+results.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17422" NEWID="11360">
+<DATE>31-MAR-1987 10:35:44.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1289&#31;reute
+d f BC-FIAT-EXPECTS-SHARP-19   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIAT EXPECTS SHARP 1987 SALES GROWTH</TITLE>
+<DATELINE>    TURIN, Italy, March 31 - </DATELINE><BODY>Fiat SpA &lt;FIAT.MI> expects its
+consolidated group sales to reach 37,000 to 38,000 billion lire
+in 1987 against a provisional 29,020 billion lire announced for
+1986, managing director Cesare Romiti said.
+    Romiti, speaking at a meeting of industrial managers and
+engineering students, said the expected sales growth partly
+reflected recent acqusitions such as that of &lt;Alfa-Romeo SpA>.
+    Alfa Romeo was acquired late last year and merged with
+Fiat's Lancia unit to form a new company, Alfa-Lancia
+Industriale Spa &lt;ALFI.MI>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17423" NEWID="11361">
+<DATE>31-MAR-1987 10:36:14.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1293&#31;reute
+d f BC-DUTCH-DU-PONT-UNIT-TO   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH DU PONT UNIT TO CUT WORKFORCE BY 140</TITLE>
+<DATELINE>    DEN BOSCH, March 31 - </DATELINE><BODY>Du Pont De Nemours Nederland BV, a
+unit of U.S. Chemical firm E.I. Du Pont De Nemours and Co
+&lt;DD.N>, plans to dismiss 140 of its workforce, Dutch labour
+federation FNV spokesman Frank Koolen said.
+    A company spokesman confirmed the dismissal plans and added
+the firm, which produces plugs and contact systems for the
+electronics industry, needs to be restructured to cut losses.
+    He declined to give financial details regarding the losses.
+    The FNV spokesman also could not give exact sums, but said
+from 1984 the unit had lost some tens of millions of guilders.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17424" NEWID="11362">
+<DATE>31-MAR-1987 10:36:29.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1294&#31;reute
+d f BC-PEAT-MARWICK,-KMG-MAI   03-31 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEAT MARWICK, KMG MAIN HURDMAN TO COMPLETE MERGER</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Peat Marwick and KMG Main Hurdman said
+their merger will be completed tomorrow.
+    The new firm, to be known as KPMG Peat Marwick, will rank
+among the largest public account and consulting firms in the
+U.S. based on combined 1986 revenues of 1.35 billion dlrs,
+1,825 partners and a total staff of 16,500 in 136 offices.
+    KPMG was created as part of the merger announced last
+September of Peat Marwick International Klynveld Main Goerdeler
+to form Klynveld Peat Marwick Goerdeler.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17425" NEWID="11363">
+<DATE>31-MAR-1987 10:42:37.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE><D>ruding</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1322&#31;reute
+u f BC-DUTCH-SEEK-FOREIGN-HE   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH SEEK FOREIGN HELP IN TACKLING TAX FRAUD</TITLE>
+<DATELINE>    THE HAGUE, March 31 - </DATELINE><BODY>The Dutch Finance Ministry said it is
+discussing with foreign fiscal authorities, primarily West
+German and Belgian, possible means to combat evasion of tax on
+interest payments received abroad.
+    Finance Minister Onno Ruding told parliament yesterday he
+aimed in 1988 to recoup about 100 mln guilders in tax revenue
+on interest income both at home and abroad, and a further 300
+mln by the end of 1990.
+    He expected Dutch banks soon to start automatically
+reporting interest payments they make, but this could prompt
+more investors to open foreign accounts, Ruding said.
+    There are no restrictions on Dutch capital flows, and the
+ministry was therefore seeking co-operation from fiscal
+authorities abroad to monitor interest paid on accounts held by
+Dutch citizens, said spokesman Jaap Weeda.
+    Ruding was largely motivated by guidelines laid down in the
+centre-right government's policy plan which calls for the
+ministry to boost its income by one billion guilders by 1990.
+    Weeda said it was difficult to estimate taxation lost
+through undeclared interest income, but Ministry figures
+indicated that about 20 pct of such income was not declared.
+    Ruding told parliament Dutch banks seemed willing to
+co-operate in plans to report on interest payments, but they
+foresaw practical problems.
+    There was no firm target date for introducing reporting
+procedures, but Ruding was adamant it must happen soon.
+    "I cannot and will not accept any delay," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17426" NEWID="11364">
+<DATE>31-MAR-1987 10:42:58.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1325&#31;reute
+u f BC-CORRECTION---DUESSELD   03-31 0044</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - DUESSELDORF - NORTH-RHINE WESTPHALIA
+    In Duesseldorf item "North-Rhine Westphalia issues 1.2
+billion mark bond" please read in second paragraph ".... Payment
+date is April 7, and the bond matures ..."
+    (Corrects payment date from April 17).
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17427" NEWID="11365">
+<DATE>31-MAR-1987 10:44:25.15</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1332&#31;reute
+u f BC-DUTCH-MONEY-MARKET-DE   03-31 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH MONEY MARKET DEBT EASES IN WEEK</TITLE>
+<DATELINE>    AMSTERDAM, March 31 - </DATELINE><BODY>Loans and advances from the Dutch
+Central Bank to the commercial banks fell 1.01 billion guilders
+to 9.5 billion guilders in the week ending March 30, the Bank's
+weekly return showed.
+    Dealers said payments by the Dutch state, partly in the
+form of civil service wages, had outweighed payments to the
+State, causing the money market deficit to ease.
+    The Treasury's account with the Bank dropped 960 mln
+guilders to 6.5 billion guilders.
+    Liabilities in gold or foreign currency rose 200 mln to
+11.9 billion guilders.
+    Dealers said it was more likely that the alteration in this
+item on the weekly return indicated normal commercial foreign
+exchange business rather than intervention by the Central Bank.
+     The Bank itself does not disclose information on
+intervention.
+    Seasonal variation brought bank notes in circulation up 190
+mln guilders to 29.7 billion guilders.
+    Total gold and currency reserves rose 173 mln guilders to
+56.4 billion guilders.
+    Call money and period rates were barely changed in the
+week. Today all were traded at 5-3/8 to 5-1/2 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17428" NEWID="11366">
+<DATE>31-MAR-1987 10:46:32.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1341&#31;reute
+d f BC-FIAT-PLANS-MORE-INVOL   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIAT PLANS MORE INVOLVEMENT IN HIGH TECH SECTORS</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Italian automotive group Fiat SpA
+&lt;FIAT.MI> plans greater involvement in emerging high-technology
+sectors which it believes will represent an increasing share of
+advanced economies, a group executive said.
+    Francesco Gallo, senior vice-president of international
+activities, told a conference that Fiat was "fully aware that in
+the years to come, the automotive industry will not be among
+the fastest growing businesses."
+    The group, with estimated revenue last year of 29,020
+billion lire, would develop further in space and defence,
+telecommunications, bioengineering, and aviation, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17429" NEWID="11367">
+<DATE>31-MAR-1987 10:47:59.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1346&#31;reute
+b f BC-CHRYSLER-&lt;C>-EXTENDS   03-31 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> EXTENDS SALES INCENTIVE PROGRAM</TITLE>
+<DATELINE>    DETROIT, March 31 - </DATELINE><BODY>Chrysler Corp said it is extending its
+low annual percentage rate (APR) financing, sales-incentive
+program on some 1986 and 1987 model cars and trucks until April
+10 from March 31.
+    Chrysler said the program offers customers the choice
+between Chrysler's low APR financing of 3.7 pct for 24 months,
+5.9 pct for 36 months, 6.9 pct for 48 months or 9.9 pct for 60
+months and a cash incentive, or a combination of low rate
+financing through Chrysler Credit Corp plus a cash incentive.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17430" NEWID="11368">
+<DATE>31-MAR-1987 10:48:25.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1349&#31;reute
+d f BC-MOODY'S-LAUNCHES-U.S.   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S LAUNCHES U.S. CORPORATE BOND INDEX</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Moody's Investors Service Inc said it
+launched today a new index of investment grade U.S. corporate
+bonds based on 100 issues.
+    The rating agency noted that Commodity Exchange Inc, Comex,
+filed with the Commodity Futures Trading Commission in October
+1986 a proposal to list a futures contract based on the index.
+Trading is expected to start later this year.
+    Moody's said it calculated end-of-month index values back
+to December 1979. Corporate bond prices closed on Friday at
+274.01, up from the index's initial value of 100.00 on December
+31, 1979, the agency said.
+    The Moody's index includes a sample of liquid bonds Moody's
+chose to mirror the credit quality, maturity, duration and
+coupon distribution of bonds in the industrial, utility and
+financial sectors of the U.S. secondary market.
+    However, it excludes convertible subordinated debenture
+issues and tax-exempt bonds, as well as bonds with maturities
+under five years or with variable-rate coupons.
+    The rating agency said the index has been designed to
+reflect changes in corporate bond prices as they occur
+throughout the trading day.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17431" NEWID="11369">
+<DATE>31-MAR-1987 10:48:36.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1351&#31;reute
+u f BC-BORG-WARNER-&lt;BOR>-EXA   03-31 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORG-WARNER &lt;BOR> EXAMINING GAF &lt;GAF> PROPOSAL</TITLE>
+<DATELINE>    CHICAGO, March 31 - </DATELINE><BODY>Borg-Warner Corp in a statement said it
+has received GAF Corp's 46 dlrs a share acquisition proposal
+and will have no comment until its board of directors has had a
+chance to examine it thoroughly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17432" NEWID="11370">
+<DATE>31-MAR-1987 10:49:50.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1361&#31;reute
+r f BC-CRI-INSURED-II-&lt;CII>   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRI INSURED II &lt;CII> ESTIMATES DIVIDENDS</TITLE>
+<DATELINE>    ROCKVILLE, Md., March 31 - </DATELINE><BODY>CRI Insured Mortgage Investments
+II Inc said it expects to distribute about 1.55 to 1.65 dlrs
+per share from operations for all of 1987 and about 1.68 to
+1.75 dlrs including the proceeds of the gain from the sale of
+the Brighton Meadows mortgage through January 31.
+    The company today paid a dividend of 1.1646 dlrs per share.
+ Its first two quarterly payments, in September and December,
+were 42.5 cts each.
+    CRI said it has not yet declared a distribution on the Park
+Meadows loan disposition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17433" NEWID="11371">
+<DATE>31-MAR-1987 10:55:45.65</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>uk</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1380&#31;reute
+d f BC-LME-LISTS-BRAZILIAN-A   03-31 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME LISTS BRAZILIAN ALUMINIUM BRAND</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>The London Metal Exchange (LME) has
+listed the aluminium brand "CBA' produced by Cia Brasileira de
+Aluminio at its Mairinque, Sao Paulo, plant.
+    The brand will constitute good delivery from April 1, the
+LME said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17434" NEWID="11372">
+<DATE>31-MAR-1987 10:58:10.91</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>guatemala</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1384&#31;reute
+b f BC-GUATEMALA-TO-HOST-OTH   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUATEMALA TO HOST OTHER MILDS COFFEE MEETING</TITLE>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>Guatemala will host a meeting of other
+milds coffee producers probably in May to discuss basic export
+quotas, the Guatemalan delegate to the International Coffee
+Organization, ICO, said.
+    No firm date has been set for the talks, Ambassador Rene
+Montes told reporters at the ICO executive board meeting here.
+    Producer countries Brazil, Colombia, and a member of
+OAMCAF, the African and Malagasy Coffee Organization, may also
+be invited for consultation, he said.
+    ICO producers and consumers could not agree on how to
+calculate export quota shares at a recent council meeting here.
+    Other milds coffee producers include Costa Rica, Dominican
+Republic, Ecuador, El Salvador, Guatemala, Honduras, India,
+Mexico, Nicaragua, Papua New Guinea, and Peru.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17435" NEWID="11373">
+<DATE>31-MAR-1987 10:58:21.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1385&#31;reute
+u f BC-AUDIO/VIDEO-&lt;AVA>-TO   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDIO/VIDEO &lt;AVA> TO GET EXPENSES FROM DIXONS</TITLE>
+<DATELINE>    DAYTON, Ohio, March 31 - </DATELINE><BODY>Audio/Video Affiliates Inc said it
+will receive an undisclosed amount from &lt;Dixons Group PLC> in
+connection with the termination of Cyacq Corp's 92.50 dlr per
+share tender offer for Cyclops Corp &lt;CYL>.
+    The company said the amount from Dixons is in lieu of
+reimbursement expenses for the Cyacq tender.  Citicorp &lt;CCI>
+was the other partner in Cyacq.
+    The payment was in connection with Dixons' previously
+-announced agreement to increase its tender price for Cyclops
+to 95.00 dlrs per share, Cycacq's ending of its competing bid
+and the ending of litigation between the parties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17436" NEWID="11374">
+<DATE>31-MAR-1987 10:59:21.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1386&#31;reute
+u f BC-REPUBLIC-&lt;RSLA>-TO-ME   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC &lt;RSLA> TO MERGE WITH PIONEER SAVINGS</TITLE>
+<DATELINE>    MILWAUKEE, Wis., March 31 - </DATELINE><BODY>Republic Savings and Loan
+Association and &lt;Pioneer Savings> of Racine, Wis., said they
+have signed a definitive agreement to combine the two
+associations into a publicly held holding company to be called
+Republic Capital Group Inc.
+    The associations said they would form the company by
+exchanging Republic's stock for shares in the holding company,
+which Pioneer savers could purchase when Pioneer converts from
+mutual to stock ownership.
+    The associations added that they would remain independent,
+but wholly owned, units of the holding company.
+    The associations said they would continue to do business
+using their present names and management.
+    The combination of Republic's 459 mln dlrs in assets with
+Pioneer's 125 mln dlrs would make the new holding company the
+fifth largest savings and loan organization in Wisconsin, they
+said.
+    The associations said the move is subject to approval by
+the Federal Home Loan Bank Board and the Wisconsin Commissioner
+of Savings and Loan, as well as Republic's shareholders and
+Pioneer's depositors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17437" NEWID="11375">
+<DATE>31-MAR-1987 10:59:38.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1387&#31;reute
+r f BC-AANCOR-UNIT-FILES-AME   03-31 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AANCOR UNIT FILES AMENDED REGISTRATION STATEMENT</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>National Gypsum Co, a unit of Aancor
+Holdings Inc, said it filed with the Securities and Exchange
+Commission an amended registration statement covering up to 300
+mln dlrs of 10-year priority senior subordinated notes.
+    It previously filed a statement covering up to 600 mln dlrs
+of such notes, National Gypsum said. The notes are part of a
+refinancing plan that includes a new credit agreement with
+domestic and foreign banks for 300 mln dlrs.
+    Proceeds from the new notes and bank facility will be used
+to terminate the company's current revolving credit facility by
+repaying the approximate 400 mln dlr balance, it said.
+    A total of 620 mln dlrs was originally drawn down under the
+revolving credit facility on April 29, 1986, when National
+Gypsum was acquired by a management-led investors group in a
+leveraged buyout, the company said.
+    National Gypsum said that the new credit agreement will
+convert in 1990 to a term loan that will be amortized over four
+years.
+    It said the new notes will rank senior to the company's
+existing 14-1/2 pct senior subordinated debentures of 2001 and
+15-1/2 pct discount debentures due 2004.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17456" NEWID="11376">
+<DATE>31-MAR-1987 11:00:18.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>poland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1392&#31;reute
+u f BC-POLAND-RENEWS-PARIS-C   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLAND RENEWS PARIS CLUB DEBT TALKS</TITLE>
+<DATELINE>    PARIS, March 31 - </DATELINE><BODY>Poland met the Paris Club of western
+creditor nations for renewed talks on rescheduling its debt
+repayments but no conclusive result was expected, diplomatic
+sources said.
+    They said the discussions, led on the Polish side by deputy
+Finance Minister Andrzej Doroscz, were to renew contacts agreed
+after an inconclusive meeting in January and the talks were
+described as a "technical meeting."
+    The January talks focussed on the rescheduling of about 500
+mln dlrs of interest and principal due by end-1986 and also
+touched upon delays in debt repayments recheduled previously.
+    Poland has a 33.5 billion dollar debt to western creditor
+countries and commercial banks and has already indicated it
+will not be able to meet interest payments this year after
+falling behind for the past two years.
+    "The Paris Club is demanding repayment but Poland needs new
+credits and has made certain supplementary proposals, but it is
+up to the Club to show an initiative," one of the diplomatic
+sources said without elaborating.
+    Poland is still continuing a dialogue with the
+International Monetary Fund but this is progressing slowly, the
+source said.
+    One diplomatic source said the key to Poland's debt problem
+lay in London, saying that the commercial bank creditors there
+must take a practical position before a Paris Club decision.
+    "But their position seems to be hardening," the source said.
+"One really cannot expect a positive conclusion to today's
+talks," the source added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17438" NEWID="11377">
+<DATE>31-MAR-1987 11:00:28.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1394&#31;reute
+r f BC-new-harding-group-inc   03-31 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NEW HARDING GROUP INC> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    BRANTFORD, Ontario, March 31 -
+    </DATELINE><BODY>Shr 19 cts
+    Net 653,000
+    Revs 45.6 mln
+    Note: Prior results not given due to November, 1986
+acquisition of 56 pct stake in Continuous Colour Coat Ltd
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17439" NEWID="11378">
+<DATE>31-MAR-1987 11:01:43.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1396&#31;reute
+r f BC-BROUGHER-&lt;BIGI>-TO-SE   03-31 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROUGHER &lt;BIGI> TO SELL 40 PCT OF SUBSIDIARY</TITLE>
+<DATELINE>    GREENWOOD, Ind., March 31 - </DATELINE><BODY>Brougher Insurance Group Inc
+said it plans to sell 40 pct of the stock of its subsidiary,
+Intercontinental Corp, for one mln dlrs to three European
+insurance companies.
+    The parent company said it signed a letter of intent to
+sell the stock to &lt;WASA Europeiska Forsakrings AB> of Sweden,
+&lt;Europeiske Reiseforsikring A/S> of Norway, and &lt;Europeiska
+Rejseforsikrings A/S> of Denmark.
+    Brougher said it expects to realize a net after-tax gain of
+approximately 330,000 dlrs, or 12 cts per share, from issuing
+stock of Intercontinental.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17440" NEWID="11379">
+<DATE>31-MAR-1987 11:02:10.97</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f1400&#31;reute
+u f BC-CANADA-INDUSTRY-PRICE   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA INDUSTRY PRICES FALL 0.2 PCT IN MONTH</TITLE>
+<DATELINE>    OTTAWA, March 31 - </DATELINE><BODY>The Canadian industrial product price
+index, base 1981, fell 0.2 pct in February after rising 0.2 pct
+in January, Statistics Canada said.
+    "A significant part of this monthly decrease was
+attributable to the impact of the increase of the Canadian
+dollar on prices for wood pulps, newspaper, aluminum, nickel
+and motor vehicles," the federal agency said.
+    On a year-over-year basis, the index was down 0.8 pct,
+little change from the 0.9 pct decline posted in January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17441" NEWID="11380">
+<DATE>31-MAR-1987 11:02:24.85</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1401&#31;reute
+b f BC-/KANSAS-LEGISLATOR-PR   03-31 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS LEGISLATOR PREDICTS EEP WHEAT TO SOVIETS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Rep. Pat Roberts, R-Kan., predicted
+the Reagan administration within the next ten days to two weeks
+will offer subsidized wheat to the Soviet Union under the
+Export Enhancement Program, EEP.
+    Roberts made the comment at a press conference held by
+Republican members of the House Agriculture Committee.
+    He did not say on what he based the comment, but an aide
+said Roberts had been in touch with top Republican officials
+recently.
+    The possibility of an expansion of EEP to include wheat to
+Moscow has been rumored for some time, and some industry
+sources believe a decision on the issue will be made by the
+Reagan administration before Secretary of State George Shultz
+goes to Moscow in April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17442" NEWID="11381">
+<DATE>31-MAR-1987 11:03:06.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1407&#31;reute
+r f BC-SUN-CITY-INDUSTRIES-&lt;   03-31 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN CITY INDUSTRIES &lt;SNI> SEES HIGHER NET</TITLE>
+<DATELINE>    MIAMI, March 31 - </DATELINE><BODY>Sun City Industries Inc said preliminary
+unaudited results of ongoing operations for the fiscal year
+ended January 31, 1987 are expected to rise over 580 pct to
+700,000 dlrs or 70 cts per share from the 125,313 dlrs or 12
+cts reported last year.
+    Total net income is expected to reach 2.4 mln dlrs, which
+includes 1.7 mln dlrs of net income realized from sale of
+property. The combination will result in record earnings of
+2.40 dlrs a share, the wholesale distributor and processor of
+eggs said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17443" NEWID="11382">
+<DATE>31-MAR-1987 11:05:31.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1421&#31;reute
+b f BC-/-FED-EXPECTED-TO-SUP   03-31 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO SUPPLY TEMPORARY RESERVES</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>The Federal Reserve is expected to
+enter the U.S. government securities market to add temporary
+reserves, economists said.
+    They said the Fed probably will add the reserves indirectly
+by arranging around two billion dlrs of customer repurchase
+agreements. A direct reserve supply through System repurchase
+agreements is possible instead.
+    Federal funds, which averaged 6.33 pct yesterday, opened at
+6-3/4 pct and traded between there and 6-3/8 pct. End of
+quarter demand pressures are pushing up the funds rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17444" NEWID="11383">
+<DATE>31-MAR-1987 11:05:39.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1422&#31;reute
+u f BC-/U.S.-SENATE-LEADER-B   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE LEADER BLASTS REAGAN LEADERSHIP</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Senate majority leader Robert Byrd
+said President Reagan's veto of an 88 billion dlr highway
+construction bill does not show leadership.
+    "Government by veto is not leadership," the West Virginia
+Democrat told reporters. "It's confrontation."
+    He said Reagan "is attempting to show he's back and
+rehabilitated by vetoing a very important bill."
+    The House is expected to override the veto today, but the
+outcome is uncertain in the Senate. Byrd said he is not sure
+when the bill would go before the Senate if the House
+overrides, but anticipated action this week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17445" NEWID="11384">
+<DATE>31-MAR-1987 11:06:15.36</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1425&#31;reute
+f f BC-******YEUTTER-SAYS-ST   03-31 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>YEUTTER SAYS STOCK MARKET OVERREACTED TO JAPAN TRADE DISPUTE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17446" NEWID="11385">
+<DATE>31-MAR-1987 11:07:07.78</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1431&#31;reute
+u f BC-ST-LAWRENCE-SEAWAY-OP   03-31 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST LAWRENCE SEAWAY OPENS SHIPPING SEASON</TITLE>
+<DATELINE>    MONTREAL, March 31 - </DATELINE><BODY>The St Lawrence Seaway said the first
+ship of the season passed through the St Lambert lock here this
+morning, officially opening the 2,300-mile-long waterway's 1987
+shipping season.
+    The seaway has said it expects little increase in freight
+levels this year from last year when it moved 37.6 mln tonnes
+of freight between Montreal and Lake Ontario and 41.6 mln
+tonnes on the Welland Canal, which links Lake Erie and Lake
+Ontario. The canal is scheduled to open tomorrow.
+    Officials expect the waterway to lose nine to ten mln
+Canadian dlrs this year, about the same as the estimated
+deficit for fiscal 1986-87, which ends today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17447" NEWID="11386">
+<DATE>31-MAR-1987 11:09:14.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1446&#31;reute
+r f BC-ACTON-&lt;ATN>-TO-SELL-U   03-31 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACTON &lt;ATN> TO SELL UNIT FOR GAIN</TITLE>
+<DATELINE>    ACTON, Mass., March 31 - </DATELINE><BODY>Acton Corp said it has agreed to
+sell its five Michigan cable television systems to Wisconsin
+Cablevision Inc for about 9,500,000 dlrs, resulting in a gain
+of about six mln dlrs.
+    The company said the sale is subject to review by local
+authorities.  The systems have about 7,500 subscribers.
+    Acton said proceeds will be used to retire bank debt.
+    The company said it has also entered into a 15.5 mln dlr
+bank credit agreement that will allow it to complete the
+prepayment of all its obligations to members of its present
+bank syndicate.
+    The company said the new credit will also allow it to
+prepay some other debt and redeem its Class C Series Two
+preferred stock.
+    It said the new facility has allowed it to take full
+advantage of an early payment discount of about 13 mln dlrs in
+principal and interest which was negotiated with its banking
+syndicate in connection with an April 1986 financial
+restructuring.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17448" NEWID="11387">
+<DATE>31-MAR-1987 11:09:46.79</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1449&#31;reute
+b f BC-BEGHIN-SAY-OFFICIAL-S   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEGHIN-SAY SAYS SUGAR OFFER TO EC STILL STANDS</TITLE>
+<DATELINE>    PARIS, March 31 - </DATELINE><BODY>A plan by European producers to sell
+854,000 tonnes of sugar to European Community intervention
+stocks still stands, Andrea Minguzzi, an official at French
+sugar producer Beghin-Say, said.
+    Last week Beghin-Say president Jean-Marc Vernes said a
+possible settlement of a row with the EC would lead producers
+to withdraw their offer, which was made as a protest against EC
+export licensing policies.
+    The EC policy is to offer export rebates, which fail to
+give producers an equivalent price to that which they would get
+by offering sugar into intervention stocks, Vernes said.
+    But Minguzzi said the offer was a commercial affair and
+that producers had no intention of withdrawing the sugar offer
+already lodged with intervention boards of different European
+countries. He said final quality approval for all the sugar
+offered could come later this week. Some 95 pct had already
+cleared quality specifications.
+    The EC can only reject an offer to sell into intervention
+stocks on quality grounds. Minguzzi added that under EC
+regulations, the Community has until early May to pay for the
+sugar. He declined to put an exact figure on the amount of
+sugar offered by Beghin-Say, but said it was below 500,000
+tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17449" NEWID="11388">
+<DATE>31-MAR-1987 11:10:44.86</DATE>
+<TOPICS><D>earn</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1452&#31;reute
+u f BC-EXXON-&lt;XON>-GAINS-DUE   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> GAINS DUE TO STREAMLINED OPERATIONS</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Exxon Corp said that 1986's 15 pct
+increase in earnings per share to 7.42 dlrs a share were
+partially based on its streamlined operations which compensated
+for the weakness in its exploration earnings and the lowest
+crude oil prices in a decade.
+    Exxon said economies introduced in its operations from
+reductions in personnel and other savings, such as reductions
+in exploration expenses, were reflected in an 880 mln dlr
+reduction in consolidated operating costs from 1985.
+    The company said its more efficient operations would be
+necessary to offset more adverse oil market conditions ahead.
+    The company also said that its share repurchase plan
+contributed to the per share gains over 1985.
+    In a breakdown of costs, Exxon said that operating expenses
+slipped to 9.2 billion dlrs in 1986 from 9.7 billion dlrs the
+previous year and exploration expenses, including dry holes,
+slipped back to 1.2 billion dlrs from 1.5 billion dlrs over the
+same period as the number of wells drilled was lower.
+    The company was also able to use lower interest rates to
+reduce its interest expenses to 614 mln dlrs in 1986 from 627
+mln dlrs the previous year.
+    Exxon said that the ratio of debt to capital was cut by 1.6
+pct in 1986 from the previous year to 19 pct.
+    On December 31, 1986 Exxon's total debt of 7.87 billion
+dlrs was down slightly from the previous year's 7.9 billion
+dlrs and long term debt stood at 4.3 billion dlrs, down from
+4.8 billion dlrs in 1985.
+    Exxon's policy of repurchasing shares on the market for its
+treasury also contributed to earnings results by a reduction of
+shares to 722.6 mln shares from 754.1 mln shares the previous
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17450" NEWID="11389">
+<DATE>31-MAR-1987 11:12:16.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>el-salvador</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1456&#31;reute
+u f AM-CENTAM-ATTACK ***URGENT  03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ADVISER SAID DEAD IN SALVADOR RAID</TITLE>
+<DATELINE>    SAN SALVADOR, March 31 - </DATELINE><BODY>At least 40 soldiers and
+guerrillas including a U.S. military adviser died today in a
+major battle in northern El Salvador, military sources said.
+    The sources said 30 guerrillas and 12 government soldiers
+were killed when up to 800 leftwing guerrillas attacked the El
+Paraiso base of the Fourth Infantry Brigade in the province of
+Chalatenango, about 35 miles north of San Salvador.
+    A U.S. embassy spokesman confirmed that a U.S. adviser was
+among the dead. 
+    The one-hour battle involved some of the heaviest fighting
+for several years, the sources said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17451" NEWID="11390">
+<DATE>31-MAR-1987 11:13:50.01</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1466&#31;reute
+b f BC-/U.S.-STOCK-MARKET-OV   03-31 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. STOCK MARKET OVERREACTS TO TARIFFS - YEUTTER</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said the stock market overreacted to a U.S. decision
+last week to proceed with tariffs on some Japanese computer
+products.
+    Speaking to reporters prior to testifying at a House
+Agriculture Committee hearing, Yeutter said it is "difficult to
+comprehend" that a trade decision affecting only 300 mln dlrs
+in goods caused the stock market collapse yesterday.
+    "I have a hunch a lot of other things were involved in that
+(stock market fall), including simple profit-taking," Yeutter
+said.
+    Yeutter said Japan would be sending a senior official from
+its trade ministry to Washington next week for talks on the
+computer chip dispute.
+    "We will be glad to have him here, but that's not going to
+affect a decision that's already been made," Yeutter said.
+    The decision announced last week would apply higher tariffs
+on a range of Japanese products in retaliation for the alleged
+failure of Tokyo to honor an agreement with the U.S. on
+semiconductor trade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17452" NEWID="11391">
+<DATE>31-MAR-1987 11:14:35.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1472&#31;reute
+w f BC-EUROPEAN-COOPERATION   03-31 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN COOPERATION ABSOLUTE MUST - PHILIPS</TITLE>
+<DATELINE>    GRONINGEN, the Netherlands, March 31 - </DATELINE><BODY>European countries
+must cooperate closely if they want to save their electronics
+industry from dropping to a third-rate global position, NV
+Philips Gloeilampenfabrieken &lt;PLGO.AS> chairman Cor van der
+Klugt told a congress here.
+    Noting that Europe was now a net importer of Integrated
+Circuits, Van der Klugt said that in information technology,
+the European Community had posted a trade deficit in 1984 of
+five billion ecus compared with a 1975 surplus of 1.7 billion
+ecus.
+    Such factors were forcing European electronics companies to
+seek cooperation with others both inside and outside Europe.
+    Van der Klugt cited Western Europe's joint high-technology
+research programme ESPRIT, sponsored by the European Community,
+as a useful programme for what he called "pre-competitive
+cooperation" with other companies in the same or related fields.
+    The Philips president said companies should join such
+efforts in an attempt to gain a foothold in markets of
+strategic importance such as the U.S. And Japan.
+    Working together, firms could produce on a larger scale and
+more cheaply by sharing business risks and pooling together
+development, marketing and production activities, he said.
+    As an example, Van der Klugt pointed to Philips'
+telecommunications joint venture with AT and T &lt;T.N> of the
+U.S. To form &lt;APT>, working on digital telephone exchange
+projects.
+    "Only the largest companies can recoup the billions of
+dollars involved in development in this area," he said, adding
+that the world market offered room for no more than seven or
+eight manufacturers of such products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17453" NEWID="11392">
+<DATE>31-MAR-1987 11:17:35.89</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1484&#31;reute
+u f BC-WEATHER-HURTING-YUGOS   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEATHER HURTING YUGOSLAV WHEAT - USDA REPORT</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Unfavorable late winter weather
+conditions in the main wheat growing areas of Yugoslavia
+indicate dimmed prospects for the emerging winter wheat crop,
+the U.S. embassy's agricultural officer in Belgrade said.
+    The officer, who travelled through an area from Belgrade to
+Subotica, said in a field report dated March 27 the wheat crop
+had been set back at least three weeks because of a cold spell
+that followed a period of warm weather.
+    He said unseasonably warm weather in late February that
+brought the wheat crop out of winter dormancy early was
+followed by three weeks of unusually cold weather.
+    Damaging effects were seen in the fields, most of which
+show stands with a yellow-brown cast indicating extensive leaf
+and possible root damage from repeated freezings, he said.
+    The report said that since much of the early growth in
+February was from late seeding rather than from normal
+development, his view was that the damage may be more extensive
+than some local observers say.
+    The most seriously affected fields were late-seeded fields
+on normal maize soils. Stands in these fields were thin and
+chances of recovery appeared less favorable, he said.
+    However, he said soil moisture conditions were favorable
+and many of the fields had already been top-dressed, which
+would aid recovery.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17454" NEWID="11393">
+<DATE>31-MAR-1987 11:17:42.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1485&#31;reute
+u f BC-USX-&lt;X>,-CONSOLIDATED   03-31 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X>, CONSOLIDATED NATURAL &lt;CNG> END TALKS</TITLE>
+<DATELINE>    DALLAS, March 31 - </DATELINE><BODY>USX Corp's Texas Oil and Gas Corp
+subsidiary and Consolidated Natural Gas Co have mutually agreed
+not to pursue further their talks on Consolidated's possible
+purchase of Apollo Gas Co from Texas Oil.
+    No details were given.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17455" NEWID="11394">
+<DATE>31-MAR-1987 11:19:23.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1495&#31;reute
+f f BC-******ARVIN-INDUSTRIE   03-31 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ARVIN INDUSTRIES SEES FLAT 1ST QTR PER SHARE NET COMPARED WITH 59 CTS LAST YEAR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17457" NEWID="11395">
+<DATE>31-MAR-1987 11:22:15.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1502&#31;reute
+r f BC-ROCKY-MOUNT-&lt;RMUC>-EX   03-31 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKY MOUNT &lt;RMUC> EXPECTS PROFIT IN FIRST QTR</TITLE>
+<DATELINE>    ROCKY MOUNT, N.C., March 31 - </DATELINE><BODY>Hal Weiss, chairman,
+president and chief executive officer, of Rocky Mount
+Undergarment Co Inc, said he expects the company to show a
+profit for the first quarter fiscal 1987.
+    Weiss said sales for 1987 have been strong following a net
+loss of 1,548,000 dlrs, or 53 cts a share, for the fourth
+quarter of fiscal 1986. The company reported a net loss for the
+year of 2,408,000 dlrs, or 82 cts a share.
+    Rocky Mount recorded net income of 248,000 dlrs, or eight
+cts per share, for the first quarter of fiscal 1986.
+    Weiss attributed the poor year to problems involving
+management, manufacturing operations, financial condition and
+credibility among its suppliers.
+    Weiss predicted the pattern of quarterly lossses which
+characterized 1986 will be reversed and 1987 will see the
+company return to profitability.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17458" NEWID="11396">
+<DATE>31-MAR-1987 11:23:08.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1508&#31;reute
+r f BC-CHUBB-CORP-&lt;CB>-COMPL   03-31 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHUBB CORP &lt;CB> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>The Chubb Corp said it completed the
+previously-announced merger of its subsidiary with and into
+Sovereign Corp &lt;SOVR>, a life insurance holding company.
+    Under the terms of the merger, Sovereign stockholders
+wil receive, in a tax free exchange, 0.1365 of a share of Chubb
+common stock for each share of Sovereign held, the company
+said. 
+    This equals 9.11 dlrs per share of Sovereign stock based on
+the closing price of Chubb common stock on March 30.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17459" NEWID="11397">
+<DATE>31-MAR-1987 11:24:13.89</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1513&#31;reute
+u f BC-ENVOY-ADVISES-NAKASON   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVOY ADVISES NAKASONE TO PREPARE FOR U.S. VISIT</TITLE>
+<DATELINE>    TOKYO, March 31 - </DATELINE><BODY>The Japanese ambassador to the U.S.
+Suggested that Prime Minister Yasuhiro Nakasone make efforts to
+present "advanced' proposals on trade issues when he visits
+Washington next month.
+    Ambassador Nobuo Matsunaga made the recommendation at a
+meeting with Nakasone, Kyodo News Service said.
+    Matsunaga also advised that the prime minister should be
+prepared to discuss U.S.-Japan economic issues.
+    Matsunaga cited issues such as a U.S.-Japan micro chip
+trade pact, foreign access to the Kansai international airport
+project, and a new international telecommunications firm.
+    Matsunaga returned on Sunday to report to Japanese leaders
+on recent U.S. Developments over trade, in preparation for
+Nakasone's visit to Washington, April 29 to May 5.
+    Kyodo quoted Nakasone as telling reporters after meeting
+the envoy, "I entirely accept what ambassador Matsunaga
+recommended." Nakasone did not elaborate.
+    The U.S.-Japan trade dispute intensified last week when
+President Ronald Reagan said the U.S. Would impose heavy
+tariffs on Japanese imports in retaliation against alleged
+Japanese breach of the computer chip trade pact.
+    Meanwhile, Nakasone's ruling Liberal Democratic Party (LDP)
+is to consider measures to boost imports and open up the
+Japanese market, such as government purchase of supercomputers
+and expanding foreign access to the Kansai airport project,
+party sources said.
+    The LDP international economic affairs council was
+responding to Nakasone's request for measures to reduce Japan's
+increasing trade surpluses with the U.S. And Europe, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17460" NEWID="11398">
+<DATE>31-MAR-1987 11:24:25.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f1514&#31;reute
+r f BC-WESTON-&lt;WESTON>-FILES   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTON &lt;WESTON> FILES CONVERTIBLE OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Roy F Weston Inc said it filed with
+the Securitites and Exchange Commission a registration
+statement covering a 30 mln dlr issue of convertible
+subordinated debentures due 2002.
+    Plans for the proceeds include capital expenditures such as
+new office buildings, equipment and facilities, the company
+said.  Weston also anticipates using the proceeds for possible
+acquisitions of related businesses as well as for general
+corporate purposes.
+    Weston named Drexel Burnham Lambert Inc as sole manager of
+the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17461" NEWID="11399">
+<DATE>31-MAR-1987 11:24:35.96</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1515&#31;reute
+b f BC-/LYNG-HAS-NO-COMMENT   03-31 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG HAS NO COMMENT ON WHEAT SUBSIDY TO SOVIETS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng declined to confirm statements made today by a farm state
+congressman that the United States will offer subsidized wheat
+to the Soviet Union within the next 10 days to two weeks.
+    When asked to clarify comments by Rep. Pat Roberts of
+Kansas that the administration would soon offer Export
+Enhancement wheat to the Soviet Union Lyng said, "well it won't
+be today," and then added, "we have no official comment one way
+or the other."
+    Lyng would not comment on whether a wheat subsidy offer to
+the USSR is under more active consideration at the USDA, saying
+that any remarks by him would be tantamount to an official
+announcement and could be construed inappropriately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17462" NEWID="11400">
+<DATE>31-MAR-1987 11:24:43.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1516&#31;reute
+r f BC-new-harding-group-set   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW HARDING GROUP SETS FIRST PAYOUT SINCE 1978</TITLE>
+<DATELINE>    BRANTFORD, Ontario, March 31 - </DATELINE><BODY>&lt;New Harding Group Inc>,
+formerly Harding Carpets Ltd, said it declared its first
+dividend since fiscal 1978 of 10 cts per subordinate voting
+share and multiple voting share, pay April 15, record April 8.
+    The company said the dividend establishes a new policy for
+the payment of quarterly dividends.
+    New Harding earlier reported profit of 653,000 dlrs or 19
+cts a share for first quarter ended January 31. It said prior
+results were not comparable due to the company's November, 1986
+acquisition of a 57 pct stake in Continuous Colour Coat Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17463" NEWID="11401">
+<DATE>31-MAR-1987 11:25:15.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1518&#31;reute
+r f BC-STEWART-INFORMATION-&lt;   03-31 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEWART INFORMATION &lt;SISC> HIT WITH DAMAGE AWARD</TITLE>
+<DATELINE>    HOUSTON, March 31 - </DATELINE><BODY>Stewart Information Services Inc said a
+Riverside, Calif., jury has awarded 2,295,000 dlrs in punitive
+damages against its Stewart Title Guaranty Co subsidiary in
+connection with a 37,000 dlr title insurance policy.
+    The company said it has filed a motion with the trail court
+judge to reduce the amount of damages, eliminate the punitive
+damage award or grant a new trial, and it intends to appeal if
+the motion is denied.  It said it expects a substantial
+reduction in the award.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17464" NEWID="11402">
+<DATE>31-MAR-1987 11:26:02.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1520&#31;reute
+u f BC-LAROCHE-DROPS-CONDITI   03-31 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAROCHE DROPS CONDITION TO NECO &lt;NPT> OFFER</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Investor David F. Laroche said he has
+decided to drop the condition to his tender offer for 170,000
+shares of NECO Enterprises Inc at 26 dlrs each that at least
+170,000 shares be tendered.
+    He said he has extended the expiration of the offer until
+April 14.
+    Thorugh March 27, he said 45,696 NECO shares had been
+tendered.
+    Laroche said he may obtain a short-term loan of up to one
+mln dlrs from Amoskeag Bank to help finance the purchase of
+shares under the offer, bearing interest of up to nine pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17465" NEWID="11403">
+<DATE>31-MAR-1987 11:27:12.69</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1527&#31;reute
+u f BC-CHEVRON-&lt;CHV>,-NIPPON   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEVRON &lt;CHV>, NIPPON OIL FORM JOINT VENTURE</TITLE>
+<DATELINE>    SAN FRANCISCO, March 31 - </DATELINE><BODY>Chevron Corp said its Chevron
+U.S.A. Inc unit and Tokyo-based Nippon Oil Co Ltd agreed to
+conduct a joint-venture oil exploration and development program
+on selected Chevron leaseholds in the United States.
+    About 50 onshore and offshore exploratory wells will be
+drilled under the agreement and Chevron will be the operator of
+the project and pay some costs, the company said.
+    It said Nippon will contribute an initial investment of
+more than 100 mln dlrs.
+    The Japanese government will also participate in the
+venture by providing financing to Nippon through the Japanese
+Oil Corp, Chevron said.
+    It said drilling will begin during the second quarter.
+    Properties to be evaluated are located in California,
+Colorado, Kansas, Oklahoma, Mississippi, Montana, North Dakota,
+Texas, Utah, and Wyoming, along with Federal Outer Continental
+Shelf leases offshore Southern California and in the Gulf of
+Mexico, Chevron said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17466" NEWID="11404">
+<DATE>31-MAR-1987 11:28:14.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1535&#31;reute
+r f BC-UNITED-TECHNOLOGIES&lt;U   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TECHNOLOGIES&lt;UTX> UNIT GETS ENGINE ORDER</TITLE>
+<DATELINE>    EAST HARTFORD, Conn., March 31 - </DATELINE><BODY>Pratt and Whitney, a unit
+of United Technologies Corp, said a Swissair order for PW4000
+turbofan engines could be worth more than 470 mln dlrs.
+    Earlier, Swissair said it selected Pratt and Whitney's
+PW4000 for its new fleet of McDonnell Douglas Corp &lt;MD> MD-11
+aircraft but gave no value for the engine order.
+    Pratt and Whitney said the order could include up to 69
+engines, including options and spares, and parts, making the
+order potentially worth 470 mln dlrs.
+    Swissair's order is for six MD-11 aircraft with an option
+for another 12 planes.
+    Pratt and Whitney said Swissair becomes the fifth major
+carrier to select the PW4000.
+    The new turbofan engine is scheduled to enter service this
+summer with Pan American World Airways, a unit of Pan Am Corp
+&lt;PN> and Singapore Airlines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17467" NEWID="11405">
+<DATE>31-MAR-1987 11:28:31.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1537&#31;reute
+r f BC-TELECAST-&lt;TCST>-COMPL   03-31 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELECAST &lt;TCST> COMPLETES ACQUISITION FINANCING</TITLE>
+<DATELINE>    FRASER, Mich., March 31 - </DATELINE><BODY>Telecast Inc said it closed on
+the financing portion of its previously-announced acquisition
+of approximately 14,600 hotel rooms from &lt;Dynavision Inc>.
+    The three mln dlr financing package was provided by Sanwa
+Business Credit Corp, a subsidiary of &lt;Sanwa Bank Ltd> of
+Japan, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17468" NEWID="11406">
+<DATE>31-MAR-1987 11:28:51.76</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f1540&#31;reute
+r f BC-UNLEADED-GASOLINE-   03-31 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW GASOLINE GRADE TO RAISE U.S. REFINING COSTS</TITLE>
+<DATELINE>     SAN ANTONIO, March 31 - </DATELINE><BODY>A new grade of unleaded gasoline
+now being test marketed will increase refining costs when
+refiners can least afford it, according to officials attending
+the National Petroleum Refiners Association conference here.
+    The new grade of unleaded gasoline has an octane level of
+89 compared with over 90 for super unleaded and 87 for regular
+unleaded gasoline.
+     Amoco Corp &lt;AN> has test-marketed the new mid-grade
+gasoline and hopes to sell it on a regular basis in the South,
+East and Midwest by the beginning of June, according to Paul
+Collier, executive vice president of marketing.
+    Phillips Petroleum &lt;P> expects to begin marketing the new
+89 octane unleaded gasoline in May, sources said.
+    Converting current refinery operations to produce the 89
+octane unleaded gsoline could cost hundreds of millions of
+dollars per refinery but that depends on the present capacity
+and intensity of the refinery, said Amoco's Collier.
+    But not all oil company's welcome the introduction of
+another grade of unleaded gasoline.
+    "Three grades are not warranted," said Henry Rosenberg,
+chairman of Crown Central Petroleum &lt;CNP>. "Refiners will have
+to upgrade again," he added.
+    "An investment will have to be made," said Archie Dunham,
+executive vice president of petroleum products at Conoco, an
+operating subsidiary of DuPont Corp &lt;DD> in order to upgrade
+refinery operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17469" NEWID="11407">
+<DATE>31-MAR-1987 11:30:30.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1544&#31;reute
+r f BC-CHARTER-POWER-SYSTEMS   03-31 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARTER POWER SYSTEMS INC &lt;CHP> 4TH QTR JAN 31</TITLE>
+<DATELINE>    PLYMOUTH MEETING, Pa., March 31 -
+    </DATELINE><BODY>Shr profit 18 cts vs loss 21 cts
+    Net profit 766,000 vs loss 510,000
+    Sales 32.4 mln vs 25.5 mln
+    Year
+    Shr profit 71 cts vs loss 23 cts
+    Net profit 2,337,000 vs loss 747,000
+    Sales 132.1 mln vs 119.6 mln
+    NOTE: Prior year results pro forma for acquisition of C and
+D Power Systems divisions of Allied-Signal Inc &lt;ALD>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17470" NEWID="11408">
+<DATE>31-MAR-1987 11:31:27.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1546&#31;reute
+r f BC-WESTERN-INVESTMENT-&lt;W   03-31 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN INVESTMENT &lt;WIR> SHARE OFFER UNDERWAY</TITLE>
+<DATELINE>    SAN FRANCISCO, March 31 - </DATELINE><BODY>Western Investment Real Estate
+Trust said an offering of 3,500,000 shares is underway at
+19.875 dlrs each through underwriters led by Merrill Lynch and
+Co Inc &lt;MER>, &lt;Donaldson, Lufkin and Jenrette Securities Corp>
+and A.G. Edwards and Sons Inc &lt;AGE>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17471" NEWID="11409">
+<DATE>31-MAR-1987 11:31:37.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1547&#31;reute
+r f BC-SEACOAST-SAVINGS-&lt;SSB   03-31 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEACOAST SAVINGS &lt;SSBA> INITIAL OFFER UNDERWAY</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Underwriter Merrill Lynch and Co Inc
+&lt;MER> said an initial public offering of 1,216,700 common
+shares of Seacoast Savings Bank of New Hampshire is underway at
+10 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17472" NEWID="11410">
+<DATE>31-MAR-1987 11:31:47.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1549&#31;reute
+d f BC-FIRST-SOUTHERN-FEDERA   03-31 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST SOUTHERN FEDERAL &lt;FSFA> TO CHANGE NAME</TITLE>
+<DATELINE>    MOBILE, Ala., March 31 - </DATELINE><BODY>First Southern Federal Savings and
+Loan Association said its board has decided to change the
+company's name to Altus Bank, subject to shareholder approval
+at the April 29 annual meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17473" NEWID="11411">
+<DATE>31-MAR-1987 11:31:51.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1550&#31;reute
+h f BC-CIRCLE-FINE-ART-TO-BE   03-31 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRCLE FINE ART TO BEGIN TRADING ON NASDAQ</TITLE>
+<DATELINE>    CHICAGO, March 31 - </DATELINE><BODY>Circle Fine Art Corp said its common
+stock will be included in the next expansion of the NASDAQ
+National Market System to take place April 7.
+    Circle Fine Art said its quotation symbol will be &lt;CFNE>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17474" NEWID="11412">
+<DATE>31-MAR-1987 11:32:27.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1552&#31;reute
+r f BC-I.R.E.-&lt;IF>-FILES-SUI   03-31 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>I.R.E. &lt;IF> FILES SUIT OVER SHARES</TITLE>
+<DATELINE>    CORAL GABLES, Fla., March 31 - </DATELINE><BODY>I.R.E. Financial Corp said
+it has filed suit against CenTrust Savings Bank &lt;CTSTP> seeking
+to compel CenTrust to sell I.R.E. the 289,700 shares of
+Atlantic Federal Savings and Loan Association &lt;ASAL> that are
+the subject of an option agreement between the parties.
+    The company alleged CenTrust has refused to deliver the
+shares, claiming that the option had expired.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17475" NEWID="11413">
+<DATE>31-MAR-1987 11:33:16.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1559&#31;reute
+u f BC-RENAULT-&lt;RENA.PA>-YR   03-31 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENAULT &lt;RENA.PA> YR ENDED DEC 31 1986</TITLE>
+<DATELINE>    PARIS, March 31 -
+    </DATELINE><BODY>Consolidated net loss 5.54 billion francs vs loss 10.93
+billion.
+    Consolidated net turnover 131.06 billion francs vs 122.14
+billion.
+    Consolidated debt 54.3 billion francs vs 61.9 billion.
+    Net loss car making 4.14 billion francs vs loss 10.99
+billion.
+    Net loss industrial vehicles 990 mln vs loss 1.54 billion.
+    Note - The company said the consolidated net loss was after
+costs and provisions for restructuring of 3.90 billion francs,
+which includes exceptional items arising from the planned sale
+of its stake in American Motors Corp &lt;AMO> to Chrysler Corp
+&lt;C>.
+    Full company name is Regie Nationale des Usines Renault.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17476" NEWID="11414">
+<DATE>31-MAR-1987 11:34:52.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1568&#31;reute
+r f BC-canadian-pacific-aims   03-31 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN PACIFIC &lt;CP> AIMS TO UP EQUITY RETURN</TITLE>
+<DATELINE>    TORONTO, March 31 - </DATELINE><BODY>Canadian Pacific Ltd's principal aim
+over the next few years will be to significantly increase the
+company's return on equity, it said in the annual report.
+    Canadian Pacific's return on average capital employed fell
+to 4.7 pct in 1986 from 5.9 pct in the prior year. Return on
+average shareholders' equity declined to 2.5 pct from 4.8 pct
+in 1985.
+    "To achieve this goal will require that the businesses
+comprising Canadian Pacific are leaders in their respective
+fields," the company said in the report to shareholders.
+    "Although the steps already taken to reposition and solidify
+Canadian Pacific point to a better financial performance in
+1987, more remains to be accomplished if the company is to
+produce returns that meet shareholder expectations," it said.
+    Canadian Pacific previously reported 1986 operating net
+profit fell to 150.1 mln dlrs from 252.7 mln dlrs in the prior
+year. Revenues were 15.02 billion dlrs compared to 15.04
+billion dlrs in 1985.
+    It said emphasis will continue on reducing dependence on
+cyclical industries and strengthening the asset mix.
+    Canadian Pacific said 1986 results were disappointing, but
+the company took several steps towards reviewing assets and
+operations and rationalizing its asset base.
+    As previously reported, it sold its 52.5 pct interest in
+Cominco Ltd &lt;CLT> for 472 mln dlrs in October, 1986 and
+Canadian Pacific Airlines Ltd for 300 mln dlrs in January,
+1987.
+    Including other asset sales, Canadian Pacific's
+consolidated assets fell to 17.70 billion dlrs at year end from
+21.3 billion dlrs at the end of 1985, it said.
+    The company also took extraordinary charges of 230.4 mln
+dlrs in 1986, resulting in a loss of 80.3 mln dlrs for the
+year.
+    The charges consisted of a 362.5 mln dlr writedown
+representing permanent impairment in asset values, partially
+offset by a gain of 102.6 mln dlrs on sale of its interest in
+Cominco and a gain of 29.5 mln dlrs on sale of CP Hotels'
+flight kitchens.
+    Canadian Pacific said a further extraordinary net gain of
+172.5 mln dlrs from the airline unit sale will be included in
+first quarter results.
+    Canadian Pacific said despite lower earnings and
+extraordinary charges, its overall cash position strengthened
+in 1986 as cash generated from operations and asset sales was
+more than sufficient to finance capital expenditures of 1.80
+billion dlrs.
+    Long term debt fell to 4.50 billion dlrs from 6.22 billion
+dlrs in 1985.
+    Consolidated 1987 capital spending will be reduced
+considerably from 1986 levels, mainly due to the Cominco and
+air line unit sales, it said. Spending commitments totalled 239
+mln dlrs at the end of 1986.
+
+The company also took extraordinary charges of 230.4 mln dlrs
+in 1986, resulting in a loss of 80.3 mln dlrs for the year.
+    The charges consisted of a 362.5 mln dlr writedown
+representing permanent impairment in asset values, partially
+offset by a gain of 102.6 mln dlrs on sale of its interest in
+Cominco and a gain of 29.5 mln dlrs on sale of CP Hotels'
+flight kitchens.
+    Canadian Pacific said a further extraordinary net gain of
+172.5 mln dlrs from the airline unit sale will be included in
+first quarter results.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17477" NEWID="11415">
+<DATE>31-MAR-1987 11:35:07.57</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D><D>tunisia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1569&#31;reute
+u f BC-TUNISIAN-TENDER-EXPEC   03-31 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TUNISIA TENDER EXPECTED FOR 100,000 TONNES WHEAT</TITLE>
+<DATELINE>    PARIS, March 31 - </DATELINE><BODY>Tunisia is expected to tender shortly for
+100,000 tonnes of soft wheat for shipment between April and
+June, covered by COFACE export credits, trade sources said.
+    Over 300,000 tonnes of French soft wheat have been sold to
+Tunisia since the beginning of the 1986/87 campaign, of which
+225,000 to 250,000 tonnes have already been shipped, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17478" NEWID="11416">
+<DATE>31-MAR-1987 11:38:38.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1587&#31;reute
+u f BC-PIZZA-INN-INC-&lt;PZA>-4   03-31 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIZZA INN INC &lt;PZA> 4TH QTR LOSS</TITLE>
+<DATELINE>    DALLAS, March 31 -
+    </DATELINE><BODY>Shr loss 48 cts vs loss 35 cts
+    Net loss 1,587,000 vs loss 1,063,000
+    Revs 45.3 mln vs 50.9 mln
+    Avg shrs 3,322,032 vs 3,054,457
+    Year
+    Shr profit three cts vs loss 19 cts
+    Net profit 112,000 vs loss 587,000
+    Revs 211.2 mln vs 199.3 mln
+    Avg shrs 3,220,163 vs 3,038,361
+    NOTE: Net includes tax credits 1,411,000 dlrs vs 929,000
+dlrs in quarter and tax provision 689,000 dlrs vs credit
+1,288,000 dlrs in year.
+    1986 year revenues include 18.7 mln dlrs from gain on sale
+of Quality Sausage Co Inc.
+    1986 net includes costs of 900,000 dlrs in quarter and
+1,200,000 dlrs in year from proposed merger.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17479" NEWID="11417">
+<DATE>31-MAR-1987 11:39:03.98</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1590&#31;reute
+f f BC-******TREASURY'S-BAKE   03-31 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS U.S. REMAINS PREPARED TO FOSTER EXCHANGE RATE STABILITY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17480" NEWID="11418">
+<DATE>31-MAR-1987 11:39:25.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1591&#31;reute
+r f BC-ARVIN-&lt;ARV>-SES-FLAT   03-31 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARVIN &lt;ARV> SES FLAT 1ST QTR RESULTS</TITLE>
+<DATELINE>    COLUMBUS, Ind., March 31 - </DATELINE><BODY>Arvin Industries Inc said higher
+interest costs from borrowings to make acquisitions will
+produce earnings flat with last year's 59 cts a share results.
+    Arvin said it might earn 57 cts to 60 cts a share in the
+quarter.
+    These results also reflect the seasonally low sales pattern
+of automotive replacement parts in that period.
+    Arvin forecast about 85 cts a share net in the second
+quarter compared with 68 cts in last year's period.
+    The company said revenues for full year 1987 it will exceed
+1.4 billion dlrs, net earnings will increase more than 30 pct,
+while per share earnings should increase 12 to 18 pct.
+    Arvin's 1986 revenues were 995.6 mln, net reached 41.2 mln
+and earnings per share 2.46 dlrs.
+    It based these forecasts due to the addition of Schrader
+Automotive Inc and Maremont Corp, both acquired last year.
+    Chairman James Baker said 1987 quarterly comparisons will
+not conform to historical patterns for the year because the
+acquisitions of Schrader and Maremond occurred in different
+quarters.
+    He said Arvin will complete the purchase of Systems
+Research Laboratories in the second quarter of 1987. This will
+also increase revenues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17481" NEWID="11419">
+<DATE>31-MAR-1987 11:39:42.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1592&#31;reute
+r f BC-W.R.-GRACE-&lt;GRA>-UNIT   03-31 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>W.R. GRACE &lt;GRA> UNIT BEGINS PLANT EXPANSION</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>W.R. Grace and Co said its European
+Darex division has started constuction to double capacity at
+its fluid cracking catalyst plant in Worms, West Germany.
+    The expansion is expected to cost approximately 20 mln
+dlrs, it said.
+    The expansion is in response to demand for these catalysts
+in Europe and the Middle East. Completion of the project is
+scheduled for the middle of 1988, the company said.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17482" NEWID="11420">
+<DATE>31-MAR-1987 11:40:12.31</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1595&#31;reute
+f f BC-******TREASURY'S-BAKE   03-31 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SEES 15-20 BILLION DLR U.S. TRADE DEFICIT REDUCTION THIS YEAR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17483" NEWID="11421">
+<DATE>31-MAR-1987 11:40:30.42</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1597&#31;reute
+f f BC-******TREASURY'S-BAKE   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS REAGAN UNLIKELY TO ALTER OPPOSITION TO OIL IMPORT FEE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17484" NEWID="11422">
+<DATE>31-MAR-1987 11:42:05.91</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1602&#31;reute
+f f BC-******FED-SETS-1.5-BI   03-31 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17485" NEWID="11423">
+<DATE>31-MAR-1987 11:42:46.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1605&#31;reute
+d f BC-BRAZILIAN-FIRM-SAYS-W   03-31 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN FIRM SAYS WESTINGHOUSE WILL COMPENSATE</TITLE>
+<DATELINE>    SAO PAULO, March 31 - </DATELINE><BODY>Westinghouse Electric Corp &lt;WX>,
+which designed Brazil's only nuclear plant, has agreed to pay
+50 mln dlrs compensation for errors made during the project,
+the plant's operators said.
+    A spokesman for &lt;Furnas Centrais Eletricas>, a state
+utility which runs the Angra One power station, confirmed a
+statement made in Washington last week by company president
+Camilo Penna.
+    Penna did not say what errors had been made and the utility
+spokesman said he could not add to Penna's statement.
+    The 636-megawatt plant, dogged by technical problems,
+started operating in January 1985, but since January 1986 has
+not worked at all due to a variety of problems, the utility
+spokesman said.
+    The country originally intended to have eight more power
+stations after Angra One, using West German technology.
+    Work on one plant, Angra Two, began and then stopped when
+funding ran out. Penna told the Jornal do Brasil that the state
+utility was receiving money from the government to finish Angra
+Two and build another plant, Angra Three.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17486" NEWID="11424">
+<DATE>31-MAR-1987 11:43:46.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1611&#31;reute
+d f BC-CORTRONIC-CORP-&lt;CTRN>   03-31 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORTRONIC CORP &lt;CTRN> YEAR LOSS</TITLE>
+<DATELINE>    RONKONKOMA, N.Y., March 31 -
+    </DATELINE><BODY>Shr loss 23 cts vs loss 15 cts
+    Net loss 1,121,664 vs loss 640,862
+    Sales 37,485 vs nil
+    NOTE: Company in development stage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17487" NEWID="11425">
+<DATE>31-MAR-1987 11:43:51.90</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1612&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   03-31 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange 1.5 billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at 6-3/8 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17488" NEWID="11426">
+<DATE>31-MAR-1987 11:44:01.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mozambique</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f1613&#31;reute
+d f BC-MOZAMBIQUE-SEEKS-ADDI   03-31 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOZAMBIQUE SEEKS ADDITIONAL 160 MLN DLRS IN AID</TITLE>
+<DATELINE>    GENEVA, March 31 - </DATELINE><BODY>Mozambique appealed for an additional
+160 mln dlrs in emergency humanitarian aid to help the country
+through a severe economic crisis.
+    Prime Minister Mario Machungo told a news conference
+several countries -- notably the U.S., Britain and Italy -- had
+already made pledges towards this new appeal.
+    The U.S. offered grain amounting to a third of the nation's
+annual consumption, Britain offered eight mln stg and Italy was
+expected to offer 30 to 35 mln dlrs, he said.
+    The country's "extremely severe economic crisis" stemmed from
+continued fighting with "armed bandits" -- a euphemism for
+anti-government guerrillas -- and a series of floods which have
+destroyed crops, Machungo said.
+    An estimated four million people require emergency care.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17489" NEWID="11427">
+<DATE>31-MAR-1987 11:45:23.80</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1615&#31;reute
+r f BC-WINTER-WEATHER-HURTS   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINTER WEATHER HURTS EAST GERMAN GRAIN - USDA</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Shifts from mild to very cold
+weather in East Germany damaged winter barley and late sown
+winter wheat in central regions and barley north of Berlin, the
+U.S. agricultural officer in East Berlin said.
+    In a field report, the officer said indications were that
+winter kill might well be more than 100,000 hectares compared
+with 38,000 last year.
+    He said the damage was probably more limited in southern
+and central regions and most widespread in the north.
+    Damage was most severe on plants above the ground where
+little or no snow cover was present, he added.
+    The officer said heavy frosts at night followed by sunshine
+during the day led to some heaving, particularly for well
+developed plants and for winter barley.
+    Furthermore, as the ground surface thawed, some standing
+water occurred in the fields.
+    The officer said repairing damage will probably call for
+special measures this spring in fields with damaged plants and
+where stands are thin. Harrowing, as well as well-timed
+applications of nitrogen, will be necessary, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17490" NEWID="11428">
+<DATE>31-MAR-1987 11:48:47.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1621&#31;reute
+s f BC-WATSO-INC-&lt;WSOA>-SETS   03-31 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WATSO INC &lt;WSOA> SETS REGULAR PAYOUTS</TITLE>
+<DATELINE>    COCONUT GROVE, Fla., March 31 -
+    </DATELINE><BODY>Qtrly Class A div five cts vs five cts prior
+    Qtrly Class B div four cts vs four cts prior
+    Pay May 29
+    Record April 30
+    NOTE: company changed date for its annual shareholders'
+meeting to June 24 from June 15 due to a scheduling conflict.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17491" NEWID="11429">
+<DATE>31-MAR-1987 11:48:59.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1622&#31;reute
+d f BC-EATERIES-INC-&lt;EATS>-Y   03-31 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EATERIES INC &lt;EATS> YEAR NET</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 31 -
+    </DATELINE><BODY>Shr profit 10 cts vs loss two cts
+    Net profit 140,332 vs loss 21,290
+    Revs 4,202,305 vs 1,692,976
+    Avg shrs 1,400,945 vs 1,106,500
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17492" NEWID="11430">
+<DATE>31-MAR-1987 11:49:08.66</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1623&#31;reute
+b f BC-/TREASURY'S-BAKER-SAY   03-31 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SAYS U.S. BACKS STABILITY</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Treasury Secretary James Baker said
+the United States and the five other industrialized nations
+signing the recent Paris Accord remain committed to fostering
+the exchange rate at around current levels.
+    But he declined to comment on what he believed to be an
+appropriate level of the dollar in world markets.
+    "I'm not going to comment on that because invariably the
+exchange markets read either more or less into my remarks than
+I might intend," he said in response to a question from the
+House Appropriations Committee.
+    Baker said the six nations participating in the Paris
+meeting in February had "acknowledged that the currencies are
+within ranges that are broadly consistent with the economic
+fundamentals and we and the others as well remain prepared to
+cooperate closely to foster stability in exchange rates around
+those levels."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17493" NEWID="11431">
+<DATE>31-MAR-1987 11:50:03.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1627&#31;reute
+r f BC-MAY-&lt;MA>-TO-SELL-SYCA   03-31 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAY &lt;MA> TO SELL SYCAMORE DIVISION</TITLE>
+<DATELINE>    ST. LOUIS, March 31 - </DATELINE><BODY>The May Department Stores Co said it
+has signed an agreement to sell its Sycamore Specialty Store
+Division to an investment group that includes Syacmore senior
+management.
+    May said it expects to close the deal, which includes the
+entire division and its 1,000 employees, in April.
+    Sycamore has 111 women's apparel stores in Indiana, Ohio,
+Illinois, Kentucky and Michigan, May said.
+    May added that the Indiana National Bank of Indianapolis
+provided a portion of the deal's financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17494" NEWID="11432">
+<DATE>31-MAR-1987 11:50:11.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1628&#31;reute
+r f BC-CONGRESS-VIDEO-&lt;CVGI>   03-31 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONGRESS VIDEO &lt;CVGI> RESTRUCTURES MANAGEMENT</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Congress Video Group Inc said Lawrence
+Kieves has been appointed president and chief executive
+officer, replacing Morton Fry, who has left the company.
+    Kieves was formerly chief financial officer and senior vice
+president, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17495" NEWID="11433">
+<DATE>31-MAR-1987 11:50:18.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1629&#31;reute
+r f BC-CPL-REAL-ESTATE-&lt;CNTR   03-31 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPL REAL ESTATE &lt;CNTRS> CUTS REGULAR PAYOUT</TITLE>
+<DATELINE>    DAVENPORT, Iowa, March 31 -
+    </DATELINE><BODY>Qtrly div 26 cts vs 27 cts prior
+    Payable April 27
+    Record April 10
+    NOTE: full name of company is cpl real estate trust
+investment.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17496" NEWID="11434">
+<DATE>31-MAR-1987 11:50:35.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1630&#31;reute
+r f BC-LYPHOMED-&lt;LMED>-FORMS   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYPHOMED &lt;LMED> FORMS NEW DIVISION</TITLE>
+<DATELINE>    ROSEMONT, Ill., Macrh 31 - </DATELINE><BODY>LyphoMed Inc said it is forming
+a new division, called IPHARM, to develop a full line of
+generic and proprietary ophthalmic pharmaceuticals.
+    Lyphomed said in its initial phase the division will
+produce products exclusively for the 200 mln dlr hospital use
+only market.
+    The company said that in its next phase IPHARM will extend
+its market to include both hospital and non-hospital customers
+which it estimates to be valued at 800 mln dlrs to 1 billion
+dlrs in total.
+    Ultimately, Lyphomed said IPHARM will concentrate on
+developing new proprietary ophthalmic dosage forms.
+    Lyphomed said the division has already submitted
+Abbreviated New Drug Applications to the Food and Drug
+Administration and will submit several more within the next six
+months.
+    Lyphomed said the division will operate out of its Melrose
+Park manufacturing facility and will be headed by Ramesh
+Acharya, Lyphomed vice president and general manager.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17497" NEWID="11435">
+<DATE>31-MAR-1987 11:50:41.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1631&#31;reute
+r f BC-NATIONAL-BANCSHARES-&lt;   03-31 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL BANCSHARES &lt;NBCT> TO HAVE GAIN ON SALE</TITLE>
+<DATELINE>    SAN ANTONIO, March 31 - </DATELINE><BODY>National Bancshares Corp of Texas
+said it has completed the previously-announced sale of 90,000
+credit card accounts of to Lomas and Nettleton Financial Corp
+&lt;LNF> for 45.6 mln dlrs, resulting in a gain of 5,800,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17498" NEWID="11436">
+<DATE>31-MAR-1987 11:52:47.55</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1635&#31;reute
+u f BC-/TRADERS-EXPECT-SHARP   03-31 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADERS EXPECT SHARP DROP IN U.S. CORN ACREAGE</TITLE>
+<DATELINE>    CHICAGO, March 31 - </DATELINE><BODY>Grain trade analysts expect a sharp
+drop in corn acreage, with most expecting a more modest decline
+in soybeans, in the U.S. Agriculture Department, USDA,
+plantings intentions report due out at 1500 est (2100 gmt).
+    The average trade guess for 1987 planted corn acreage was
+66.06 mln acres, ranging from 60.7 to 69.0 mln, all well below
+the 76.67 mln planted last year due to improved incentives by
+the USDA for farmers to retire acres. Corn acres totalled only
+60.22 mln in 1983, when the PIK program was introduced.
+    The average soybean planted acreage quesstimate was 59.49
+mln, ranging from 58.0 to 63.0 mln and compared with the 61.48
+mln planted in 1986
+    With substantial grain stocks, less interest was expressed
+among analysts in the USDA stocks report also scheduled today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17499" NEWID="11437">
+<DATE>31-MAR-1987 11:54:40.46</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1638&#31;reute
+b f BC-/USDA'S-AMSTUTZ-CONFI   03-31 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA'S AMSTUTZ CONFIDENT OF EC OILS TAX DEFEAT</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>U.S. Agriculture Undersecretary
+Daniel Amstutz said he was confident that a European Community,
+EC, proposal to tax vegetable and marine oils and fats would
+not be approved by the Community.
+    Asked by Reuters if he was confident the plan eventually
+would be defeated, Amstutz said, "Yes, I am, but I also know
+that things like this take constant vigilance."
+    The USDA official said the EC Council of Ministers held an
+ad hoc meeting yesterday.
+    Commenting on that meeting, he said, "So far, so good."
+    Yesterday British Farm Minister Michael Jopling said enough
+EC states appeared to be opposed to the proposals by the
+commission for a 330 European Currency Unit a tonne tax on
+vegetable oils, fats and marine oils for the moves to be
+defeated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17500" NEWID="11438">
+<DATE>31-MAR-1987 11:55:37.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1640&#31;reute
+r f BC-EXXON-&lt;XON>-TO-LIMIT   03-31 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> TO LIMIT DIRECTORS' LIABILITY</TITLE>
+<DATELINE>     NEW YORK, MARCH 31 - </DATELINE><BODY>Exxon Corp said that it will move to
+protect its directors from liabilities arising from lawsuits
+charging gross negligence.
+    Exxon said directors' liabilities will be limited and they
+will be indemnified for actions taken in pursuit of duties.
+    The company said it was taking the opportunity to change
+its bylaws and incoroporation certificate following changes in
+the law of New Jersey, where the company is incoporated.
+    The measures are being submitted to shareholders and will
+be voted on at Exxon's annual meeting to be held May 21 in New
+Orleans the company said in proxy material sent to
+shareholders.
+    Shareholders are being asked to approve an amendment to the
+company's certificate to eliminate directors' maximum personal
+monetary liability to the limit New Jersey allows.
+    New Jersey recently permitted corporations to eliminate
+monetary liability directors and owners may incur for breach of
+duty care owed by them to corporations and shareholders.
+    The company said that the principal effect of the measure
+"will be to eliminate potential monetary damage actions against
+directors."
+    But the amendment will only limit liability in the event of
+unintentional errors.
+    It does not limit their liability for actions taken in
+knowing violation of the law, nor will it limit potential
+liabilities from violations of federal securities laws, the
+company said in its proxy statemernt.
+    A second measure proposed to shareholders is an amendment
+to bylaws already voted on by the directors at their January
+Board meeting making indeminifiacation of directors mandatory.
+    Exxon said that it had currently purchased such insurance
+from a captive insurance copany in the amount of 50 mln dlrs in
+excess of 50 mln dlrs issued by independent companies to Exxon
+to indemnify its directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17501" NEWID="11439">
+<DATE>31-MAR-1987 11:57:40.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1645&#31;reute
+r f BC-OXFORD-ENERGY-&lt;OEN>-S   03-31 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OXFORD ENERGY &lt;OEN> STARTS TRADING ON AMEX</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>The &lt;American Stock Exchange> said it
+has started trading the common stock of Oxford Energy Co, which
+had traded on the NASDAQ system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17502" NEWID="11440">
+<DATE>31-MAR-1987 11:57:52.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1646&#31;reute
+r f BC-CPL-REAL-ESTATE-&lt;CNTR   03-31 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPL REAL ESTATE &lt;CNTRS> SEES LOWER DIVIDENDS</TITLE>
+<DATELINE>    DAVENPORT, Iowa, March 31 - </DATELINE><BODY>CPL Real Estate Trust
+Investment said its regular quarterly dividend distribution
+will be lower than its present 26 cts per share, and could be
+significantly lower starting with the third quarter of 1987.
+    The company, which lowered the payout from 27 cts to 26 cts
+this current quarter, said it did not know how low the payout
+would go.
+    The company said the reason for the cutbacks was because it
+would not be purchasing a property it had anticipated, and
+alternative investments will produce significantly lower yields
+than anticipated.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17503" NEWID="11441">
+<DATE>31-MAR-1987 11:58:40.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1647&#31;reute
+d f BC-HANSON-TRUST-&lt;HAN>-SE   03-31 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANSON TRUST &lt;HAN> SELLS UNIT</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., March 31 - </DATELINE><BODY>Reichhold Chemicals Inc said
+it is part of a group that has purchased PCR Inc from Hanson
+Trust PLC's SCM Corp subsidiary.
+    It said other group members include Jacksonville, Fla.,
+businessman Jack C. Demetree and managers of PCR.
+    Reichhold said it made a "modest" cash investment.  PCR
+makes high-performance materials for a variety of industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17504" NEWID="11442">
+<DATE>31-MAR-1987 11:58:56.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1648&#31;reute
+r f BC-PORTUGAL-PLANS-ECONOM   03-31 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGAL PLANS ECONOMIC MODERNISATION PROGRAM</TITLE>
+<DATELINE>    LISBON, March 31 - </DATELINE><BODY>Portugal's minority centre-right
+government, which faces a crucial censure vote in parliament on
+Friday, unveiled an eight-year economic plan aimed at reducing
+foreign debt and boosting jobs and investment.
+    Prime Minister Anibal Cavaco Silva told reporters the plan
+was a blueprint for modernisation focusing on cutting
+Portugal's 9.6 pct unemployment, or 400,000 people.
+    The program was approved at a cabinet meeting of the
+16-month-old Social Democratic Party (PSD) government.
+    The censure motion has been proposed by a centre-left party
+which says the government has failed to tackle economic ills.
+    Left-wing opposition parties, who together hold a majority
+in parliament, have indicated they intend to vote against the
+minority government, which would automatically fall if
+defeated.
+    A first phase of the government plan foresees annual growth
+in investment of between eight and 10 pct over the next four
+years. Government figures show investment grew 10 pct last year
+compared with a fall of three pct in 1985.
+    The plan foresees this leading to creation of 32,000 new
+jobs a year.
+    The program also foresees government spending cuts,
+particularly in the public sector, reducing the state budget
+deficit to around five pct of Gross Domestic Product (GDP) in
+1990 from nearly 11 pct in 1986.
+    Portugal's foreign debt, which totals more than 16 billion
+dlrs, was forecast to be reduced to the equivalent of 24 pct of
+GDP in 1990 from around 55 pct at end-1986.
+    Detailed forecasts were not released for beyond 1990.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17505" NEWID="11443">
+<DATE>31-MAR-1987 11:59:09.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1650&#31;reute
+h f BC-AMERICAN-RECREATION-C   03-31 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN RECREATION CENTERS INC &lt;AMRC> 3RD QTR</TITLE>
+<DATELINE>    SACRAMENTO, Calif, March 31 -
+    </DATELINE><BODY>Shr 13 cts vs 17 cts
+    Net 553,000 vs 728,000
+    Revs 6.9 mln vs 7.5 mln
+    Nine months
+    Shr 17 cts vs 18 cts
+    Net 732,000 vs 776,000
+    Revs 18.5 mln vs 18.2 mln
+    NOTE:Share earnings reflect 5-for-4 stock split effective
+July 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17506" NEWID="11444">
+<DATE>31-MAR-1987 12:00:32.98</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1655&#31;reute
+b f BC-/TREASURY'S-BAKER-SEE   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SEES REAGAN OPPOSING OIL TAX</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Treasury Secretary James Baker told
+the House Appropriations Committee that he believes the
+president remains opposed to an oil import fee.
+    He said Reagan last year rejected the idea and he added:
+    "In my personal view he is not likely to change his thinking
+on that."
+    He said Reagan last year opposed the idea because the
+energy industry was divided on the issue, a tax would require a
+new bureacracy to administer and the resulting higher energy
+prices would harm U.S. competitiveness.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17507" NEWID="11445">
+<DATE>31-MAR-1987 12:00:52.70</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D><D>syria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1657&#31;reute
+u f BC-FRENCH-MARKET-TALK-OF   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH MARKET TALK OF SYRIAN WHEAT PURCHASES</TITLE>
+<DATELINE>    PARIS, March 31 - </DATELINE><BODY>Syria may have bought 80,000 tonnes of
+French soft wheat, some traders here said.
+    But others said it may instead have given payment
+guarantees to allow for the shipping of an old contract to go
+ahead.
+    Syria has bought around 320,000 tonnes of soft French wheat
+since the beginning of the 1986/87 campaign, of which only
+121,000 tonnes had been exported by the end of last month.
+    The country also bought around 30,000 tonnes of EC soft
+wheat 12 days ago at 80 to 81 dlrs a tonne, fob, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17508" NEWID="11446">
+<DATE>31-MAR-1987 12:01:55.17</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1661&#31;reute
+b f BC-/TREASURY'S-BAKER-SEE   03-31 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SEES SMALLER TRADE DEFICIT</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Treasury secretary James Baker
+predicted the U.S. trade deficit would decline 15-20 billion
+dlrs this year.
+    However, he acknowledged signs were still lacking on such a
+decline.
+    "We think we are beginning to see changes," he told the House
+Appropriations Committee.
+    "It has begun to level off (but) we don't see it beginning
+to go down yet," he told the panel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17509" NEWID="11447">
+<DATE>31-MAR-1987 12:02:05.80</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>bangemann</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1662&#31;reute
+u f BC-BANGEMANN-CALLS-FOR-C   03-31 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGEMANN CALLS FOR CURRENCY CALM</TITLE>
+<DATELINE>    HANOVER, March 31 - </DATELINE><BODY>West German Economics Minister Martin
+Bangemann urged a halt to the talking down of the dollar by
+both official and private institutions in the U.S., Saying calm
+was needed on the foreign exchanges.
+    Speaking at the opening of the 40th Hanover Industry Fair,
+Bangemann said radical changes in foreign exchange parities had
+left their mark on exports and investments. He added that
+without these external difficulties, West Germany's economy
+would have grown by 3.5 pct last year instead of the 2.5 pct
+reported.
+    Bangemann said he could not deny that the economic climate
+in West Germany had cooled, but he stressed the country was not
+in a downtrend.
+    The minister also criticised state subsidies, which he said
+mainly favoured large companies and created a tax burden for
+smaller and medium sized firms.
+    Bangemann referred specifically to subsidies in the steel
+industry, which he said had to be fought with all legal means
+when they did not correspond to European Community guidelines
+on grants.
+    He added that in light of the declining demand for steel
+capacities had to be adjusted, saying the Bonn government would
+not successfully be able to stand in the way of any change in
+this industry.
+    Bangemann also spoke out against protectionism and called
+for more competition, citing as an example the Federal Post
+Office.
+    The Post Office enjoys a monopoly in West Germany,
+especially as far as deciding who is able to provide
+telecommunications equipment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17520" NEWID="11448">
+<DATE>31-MAR-1987 12:03:22.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1672&#31;reute
+b f BC-DUTCH-STATE-LOAN-RAIS   03-31 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH STATE LOAN RAISES 3.25 BILLION GUILDERS</TITLE>
+<DATELINE>    AMSTERDAM, March 31 - </DATELINE><BODY>The Dutch Finance Ministry said it
+accepted bids totalling 3.25 billion guilders on its 6.25 pct
+bullet bond due 1995, which it priced at 100.8 pct at tender
+today for an effective yield of 6.12 pct.
+    The ministry accepted 50 pct of bids at the issue price.
+Higher bids were met in full.
+    The loan, which has a May 1 coupon and paydate, will go
+towards the government's financing of an estimated 1987
+borrowing requirement of about 42 billion guilders.
+    The 1987 budget deficit is some 29 billion guilders and
+early repayments on state loans are estimated at 13 billion.
+    Because of projected early redemptions to the state of
+loans by building corporations, analysts predict the state has
+to raise 32 billion guilders on the capital markets this year,
+of which it has found 4.5 billion guilders on the private
+placement market.
+   The finance ministry described today's tender as successful
+and said the amount raised reflected a change in market
+circumstances since the last loan issue together with
+international demand for guilder-denominated paper.
+    Following today's tender, the fourth state loan for payment
+in 1987, a nominal 10.55 billion guilders has been raised by
+public issues, bringing the total raised this year to 18.55
+billion guilders, or some 44.2 pct of the state's 1987
+borrowing requirement.
+    The previous state loan, a 6.25 pct issue due 1998/2002
+last month, raised a mere 300 mln guilders.
+    Analysts said the small amount raised on the last issue was
+because it was a return to a split maturity issue, seen as only
+attractive to domestic institutions, from bullet loans.
+    The finance ministry said then the amount was low but noted
+a number of unfavourable market conditions at the time.
+    Bullet loans have only been permitted in the Dutch market
+since January, 1986, as part of a financial liberalization
+plan.
+    Bullet loans have attracted considerable foreign demand but
+have also given rise to worries their fixed repayment date
+might interfere with intricate redemption schemes built up
+around previously issued split maturity bonds, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17510" NEWID="11449">
+<DATE>31-MAR-1987 12:04:29.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1682&#31;reute
+u f BC-NECO   03-31 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NECO &lt;NPT> BIDDER EXTENDS TENDER OFFER</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Investor David LaRoche said he has
+extended his cash offer to buy 170,000 shares of NECO
+Enterprises Inc at 26 dlrs each until April 14. The tender
+offer was to have expired yesterday.
+    In a filing with the Securities and Exchange Commission,
+LaRoche, a North Kingstown, R.I., investor who already holds
+nearly one-third of NECO's total outstanding commonstock, also
+waived a condition of his offer that a minimum of 170,000
+shares actually be tendered.
+    NECO has 957,000 shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17511" NEWID="11450">
+<DATE>31-MAR-1987 12:08:45.83</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1707&#31;reute
+u f BC-TREASURY'S-BAKER-PURS   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER PURSUING S. ASIAN REVALUATIONS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Treasury Secretary James Baker told
+the House Appropriations Committee the United States is still
+pressing newly industrialized south Asian nations that have
+tied their currencies to the dollar to let those currencies
+strengthen against the dollar.
+    "We have seen some strengthening of those currencies (but)
+not as much as we would like," he said.
+    "We have been somewhat disappointed in the results so far,
+but we intend to continue these discussions," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17512" NEWID="11451">
+<DATE>31-MAR-1987 12:09:28.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1715&#31;reute
+r f BC-PIER-1-IMPORTS-&lt;PIR>   03-31 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIER 1 IMPORTS &lt;PIR> AMENDING DATES ON SPLIT</TITLE>
+<DATELINE>    FORT WORTH, Tex., March 31 - </DATELINE><BODY>Pier 1 Imports Inc said it
+amended its record and distribution dates for its previously-
+announced three-for two common and 25 cts preferred stock
+split.
+    The split common and 25 cts preferred shares will be
+distributed on July 2, 1987, to shareholders of record June 24,
+1987.
+    The stock split requires shareholder approval of an
+increase in authorized shares of common stock to 100 mln from
+25 mln and an increase of authorized shares of preferred stock
+to five mln from one mln, the company said.
+    The change in the dates was based on the company's desire
+to have the additional common and 25 cts preferred shares trade
+for the shortest practical period of time on a "when issued"
+basis following a favorable shareholder vote at the annual
+meeting June 24, it said.
+    The previously announced record and distribution dates were
+May 13, 1987, and June 29, 1987, respectively, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17513" NEWID="11452">
+<DATE>31-MAR-1987 12:09:39.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1717&#31;reute
+d f BC-INTERNATIONAL-BIOTECH   03-31 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL BIOTECHNOLOGIES &lt;IBIO> 4TH QTR</TITLE>
+<DATELINE>    NEW HAVEN, Conn, March 31 -
+    </DATELINE><BODY>Shr loss 34 cts vs loss 14 cts
+    Net loss 798,000 vs loss 213,000
+    Revs 1.5 mln vs 1.5 mln
+    Year
+    Shr loss 61 cts vs loss 2.08 dlrs
+    Net loss 1.4 mln vs 1.0 mln
+    Revs 6.8 mln vs 6.0 mln
+    NOTE:1986 net loss includes non-recurring charges of
+132,000 dlrs and 270,000 dlrs. Full name is INternational
+Biotechnologies Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17514" NEWID="11453">
+<DATE>31-MAR-1987 12:10:23.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1720&#31;reute
+d f BC-NORTHROP-&lt;NOC>-TO-SPE   03-31 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHROP &lt;NOC> TO SPEND 70 MLN ON R AND D</TITLE>
+<DATELINE>    LOS ANGELES, March 31 - </DATELINE><BODY>Northrop Corp plans to spend 70 mln
+dlrs this year for company-funded research and development on
+aircraft programs, including the Advanced Tactical Fighter
+(ATF) program, compared with 32 mln dlrs of expenditures in
+1986, the company said in its annual report.
+    The 1986 expenditures excluded a 236 mln dlr writeoff to
+cover the termination of the company-funded F-20 development
+project.
+    Last year one team headed by Northrop and another led by
+Lockheed Corp &lt;LK> won contracts valued at 691 mln dlrs to
+build ATF prototypes.
+    The contractors have agreed to a cost sharing plan on the
+development phase of the project.
+    The Air Force plans to select the winning team in 1991,
+which will then produce some 750 aircraft with a total contract
+value of an estimated 45 billion dlrs.
+    In addition, Northrop said it expects 1987 expenditures for
+plant and equipment to be about the same as the 364 mln dlrs
+spent in 1986.
+    The funding will be devoted principally to new equipment
+for research and development and high efficiency production,
+Northrop said.
+    The company also said it plans to construct a new
+manufacturing facility in Perry, Ga., where it will conduct
+work on a tactical missile system program called Tacit Rainbow,
+which is intended for use by all three armed services and
+foreign nations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17515" NEWID="11454">
+<DATE>31-MAR-1987 12:13:26.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1732&#31;reute
+u f BC-GM-CANADA-TO-HOLD-NEW   03-31 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> CANADA TO HOLD NEWS CONFERENCE TODAY</TITLE>
+<DATELINE>    MONTREAL, March 31 - </DATELINE><BODY>General Motors of Canada Ltd said it
+will hold a news conference at its Ste-Therese, Quebec assembly
+plant at 1315 est today.
+    Canadian published reports, quoting government sources, say
+the company will reveal details of a 220 mln Canadian dlr
+interest-free loan offered by Ottawa and the Quebec provincial
+government to modernize the aging plant.
+    Quebec Premier Robert Bourassa and Federal Industry
+Minister Michel Cote will also be at the plant.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17516" NEWID="11455">
+<DATE>31-MAR-1987 12:16:13.28</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1737&#31;reute
+r f BC-U.S.-OFFICIALS-DEFEND   03-31 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OFFICIALS DEFEND OIL RESERVE SALE PLAN</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Treasury Secretary James Baker and
+Office of Management and Budget chief James Miller defended an
+administration plan to sell the U.S. Naval Petroleum Reserves.
+    In response to hostile questioning from a member of the
+House Appropriations Committee, the officials said the plan was
+justified to help bring the fiscal 1988 budget deficit and to
+get the government out of the oil business.
+    Miller acknowleged the estimated sale proceeds at 3.3
+billion dlrs would actually bring down the deficit by about 2.2
+billion dlrs because of the loss of revenues from the sale of
+oil from the reserves.
+    Miller said the sale price may end up higher.
+    "We'd sell it to the highest bidder," Miller said.
+    "If we can get more we'll take it."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17517" NEWID="11456">
+<DATE>31-MAR-1987 12:18:27.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1750&#31;reute
+u f BC-U.S.-SPEAKER-SEES-EAS   03-31 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SPEAKER SEES EASY HIGHWAY VETO OVERRIDE</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The House should override President
+Reagan's veto of the 88 billion dlr highway construction bill
+today by a comfortable margin, House Speaker Jim Wright said.
+    "We have counted and feel comfortable," Wright said. And he
+added, there may be 100 Republicans joining most Democrats in
+the Democratic-controlled House to override by the necessary
+two-thirds margin.  "If that's the case it'll be a very
+comfortable override," he told reporters.
+    The outlook in the Senate is less certain and Wright said
+that it will depend on whether senators "stay true to their
+convictions or cave in to White House pressure."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17518" NEWID="11457">
+<DATE>31-MAR-1987 12:20:20.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1756&#31;reute
+r f BC-U.S.-OIL-&lt;USOL>-TO-SE   03-31 0074</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+
+U.S. OIL &lt;USOL> TO SELL SHARES
+    NEW YORK, March 31 - U.S. Oil Co said V. di Guevara Suardo
+Fabbri, chairman, chief executive and controlling shareholder
+signed an agreement to buy up to 50,000 shares of a new series
+C preferred stock at 1,000 dlrs per share.
+    Under terms of the agreement, the board can by unanimous
+consent call for payment on any portion of the 50,000 shares at
+any time with payment to be made within 15 days.
+    U.S. Oil said the financing structure was established to
+facilitate additional capital contribution by Fabbri.
+    The shares, which have no voting or conversion rights, are
+redeemable at the option of U.S. Oil and pay a 10 pct accruing
+dividend payable upon redemption.
+    The agreement remains in effect until December 31, 1992,
+unless terminated under certain conditions.
+    It is not anticipated that U.S. Oil will call shares for
+payment unless the proceeds are needed for a specific
+transaction.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17519" NEWID="11458">
+<DATE>31-MAR-1987 12:20:44.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1757&#31;reute
+f f BC-******U.S.-TREASURY'S   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY'S BAKER SAID HE IS NOT CONCERNED ABOUT DECLINE IN BOND MARKET
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17521" NEWID="11459">
+<DATE>31-MAR-1987 12:22:34.79</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1765&#31;reute
+u f BC-TRADERS-CUT-ESTIMATE   03-31 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADERS CUT BAHIA TEMPORAO COCOA CROP ESTIMATE</TITLE>
+<DATELINE>    RIO DE JANEIRO, March 31 - </DATELINE><BODY>Trade estimates of the coming
+May/September temporao harvest in Brazil's main cocoa growing
+state of Bahia are now in the 1.5 mln to 2.0 mln 60-kilo bag
+range against 2.0 mln to 2.5 mln two weeks ago.
+    Traders in the state capital Salvador told Reuters the
+effects of a dry period in the first six weeks of the year had
+been harsher than thought earlier.
+    Although good flowering had followed the onset of rains in
+mid-February subsequent pod setting was dissappointing.
+    Last year's temporao, also hit by a dry spell, was 2.77 mln
+bags. In 1984 severe drought cut the crop to 1.79 mln bags.
+    The traders said another factor leading to lower crop
+predictions is that many farmers are not caring properly for
+plantations because of low returns on their investment.
+    Manpower, fertiliser and other costs have been cut back as
+farmers feel the pinch of the rise in interest rates over the
+past six months coupled with low bean prices.
+    If such economies continue into the winter months both the
+temporao and the developing October/April main crop could face
+serious damage from pod rot attacks on trees which would
+normally be treated against the disease.
+    Recent very wet weather has already caused some isolated
+incidences of pod rot but reports from the growing regions say
+these are not yet significant.
+    The traders said they expect very low deliveries of
+temporao beans in the first three months of the harvest and the
+bulk will not appear until the last month, September.
+    Despite the low loads, trees are said to be in excellent
+condition and recent flowering and pod setting - which will
+lead to late temporao/early main crop beans - has been good.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17522" NEWID="11460">
+<DATE>31-MAR-1987 12:29:14.54</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1780&#31;reute
+b f BC-/TREASURY'S-BAKER-NOT   03-31 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER NOT CONCERNED BY BOND DECLINES</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Treasury Secretary James Baker,
+asked whether he was concerned about yesterdays precipitous
+decline in bond prices, said he was not.
+    Questioned by reporters as he left a House committee
+hearing, Baker said "no," when asked about the bond decline,
+adding that it was a reflection of concern about the
+possibility of a trade war.
+    "It is what the markets think would be the adverse
+consequences of a trade war."
+    He said the administration was concerned that protectionism
+would lead to international trade problems adding that he
+thought the action against the Japanese was still consistent
+with this policy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17523" NEWID="11461">
+<DATE>31-MAR-1987 12:30:16.65</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f1783&#31;reute
+u f BC-U.S.-JAPAN-NOT-IN-TRA   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S.-JAPAN NOT IN TRADE WAR, YEUTTER SAYS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The United States and Japan are not
+involved in a trade war, despite U.S. sanctions announced last
+week against Japanese semiconductors, U.S. Trade Representative
+Clayton Yeutter said.
+    "In my judgement, we're not even close to a trade war,"
+Yeutter told a House Agriculture Committee hearing.
+    Yeutter said if Japan takes action to honor its agreement
+with the U.S. on semiconductor trade, "Then the retaliatory
+response will last a relatively short period."
+    Yeutter said Japan must stop dumping chips in third
+countries and buy more American computer chips.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17524" NEWID="11462">
+<DATE>31-MAR-1987 12:30:26.39</DATE>
+<TOPICS><D>coffee</D><D>sugar</D><D>cocoa</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nycsce</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1784&#31;reute
+u f BC-nycsce-limits   03-31 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSCE ALTERS RULES ON TRADING LIMITS</TITLE>
+<DATELINE>    New York, March 31 - </DATELINE><BODY>The Coffee, Sugar and Cocoa Exchange
+amended regulations governing expanded trading limits on
+coffee, cocoa and sugar contracts to provide uniformity.
+    Effective today, the exchange will permit normal daily
+price limits in those commodities to expand whenever the first
+two limited contract months move the limit in the same
+direction for two consecutive sessions.
+    The normal daily limits will be reinstated once the first
+two limited deliveries close by less than the normal limit for
+two successive trading days.
+    Previously exchange rules required the first three limited
+months to move the limit in coffee and cocoa. It had required
+the first two limited sugar deliveries to make such moves for
+three consecutive sessions.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17525" NEWID="11463">
+<DATE>31-MAR-1987 12:30:35.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ireland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1785&#31;reute
+u f BC-IRISH-BUDGET-CUTS-DEF   03-31 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRISH BUDGET CUTS DEFICIT TARGET</TITLE>
+<DATELINE>    DUBLIN, March 31 - </DATELINE><BODY>Ireland's new minority government
+presented a tough budget that trimmed public spending across
+the board. The current budget deficit target was set at 1.20
+billion punts, which is 6.9 pct of GNP. This compared with the
+1986 figure of 1.395 billion punts, 8.5 pct of GNP.
+    Finance Minister Ray MacSharry told parliament "Conditions
+are extremely difficult and there is no room at all for soft
+options." The Exchequer Borrowing Requirement was 1.85 billion
+punts, 10.7 pct of GNP, compared with 2.145 billion punts or
+13.0 pct of GNP last year.
+    MacSharry announced a wage freeze for Ireland's 187,000
+civil servants and said all new civil service jobs had to be
+approved by him. Mortgage interest relief was cut, some housing
+grants axed and social welfare and health costs trimmed. Income
+tax and excise duties were left unchanged.
+    Eager to stop the outflow of funds from Ireland, he said "We
+must do more to encourage non-residents, and especially
+expatriates, to invest in the Irish economy."
+    Without giving details, he also said Ireland wished to
+provide the right conditions and a favourable taxation climate
+for developing the international fnnancial services sector.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17526" NEWID="11464">
+<DATE>31-MAR-1987 12:31:02.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1786&#31;reute
+u f BC-UAL-&lt;UAL>-COMPLETES-B   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL &lt;UAL> COMPLETES BUY OF HILTON INT'L</TITLE>
+<DATELINE>    CHICAGO, March 31 - </DATELINE><BODY>UAL Inc said it completed the
+acquisition of Hilton International from Transworld Corp &lt;TWT>,
+paying 982.5 mln dlrs in cash and securities.
+    Hilton International will add 90 hotels to UAL's Westin
+hotel unit, which operates 61 hotels. The two chains will have
+a total of 151 hotels with 67,000 rooms and 71,000 employees,
+it said.
+    Harry Mullikin, chairman and chief executive of UAL's
+Westin Hotel unit, has been elected to the additional post of
+chairman and chief executive of Hilton International.
+    UAL will change its name to Allegis at its annual meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17527" NEWID="11465">
+<DATE>31-MAR-1987 12:31:28.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1789&#31;reute
+r f BC-OCCIDENTAL-&lt;OXY>-SELL   03-31 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> SELLS UNIT TO &lt;HENKEL KGAA></TITLE>
+<DATELINE>    MINNEAPOLIS, March 31 - </DATELINE><BODY>Henkel KGaA of Dusseldorf, West
+Germany, said it has completed the acquisition of the Process
+Chemicals Division of Occidental Petroleum Corp's &lt;OXY>
+Occidental Chemical Corp subsidiary for undisclosed terms.
+    Process Chemicals, acquired from Diamond Shamrock Corp
+&lt;DIA> in September, makes specialty chemicals for a variety of
+industrial markets and has annual sales of about 160 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17528" NEWID="11466">
+<DATE>31-MAR-1987 12:32:26.77</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1796&#31;reute
+d f BC-SOUTHWESTERN-ENERGY-&lt;   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWESTERN ENERGY &lt;SWN>, ARKLA &lt;ALG> SET PACT</TITLE>
+<DATELINE>    FAYETTEVILLE, Ark., March 31 - </DATELINE><BODY>Southwestern Energy Co said
+it reached an agreement with Arkla Energy Resources for Arkla
+to carry gas owned by Southwestern subsidiaries.
+    Under the agreement, the interstate pipeline division of
+Arkla Inc will carry up to 25 mln cubic feet of gas a day until
+Dec 31, 1987, and, subject to capacity, up to 50 mln cubic feet
+a day in 1988 and 75 mln feet a day for the rest of the pact.
+    Payment terms vary depending on the type of service
+provided, a Southwestern spokesman said.
+    The deal is effective March one, 1987, expires July one,
+1997, and is renewable yearly thereafter, he said.
+    The pact calls for transmission of gas owned by Arkansas
+Western Gas Co, Seeco Inc, Arkansas Gas Gathering Co and
+Southwestern Energy Production Co, Southwestern Energy said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17529" NEWID="11467">
+<DATE>31-MAR-1987 12:33:29.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1804&#31;reute
+u f BC-WHITE-HOUSE-BUDGET-CH   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE BUDGET CHIEF ATTACKS SPENDING BILL</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>White House budget chief James
+Miller told the House Appropriations Committee the Reagan
+administration has "serious objections" to a supplemental
+spending bill for the current fiscal year that is about to come
+to a House vote.
+    Miller said the bill, which as written by the
+Appropriations Committee, would approve 2.7 billion dlrs in
+additional 1987 spending, cut defense too harshly and gave too
+much to domestic programs.
+    The administration had only asked for an additional 1.1
+billion dlrs in 1987 spending.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17530" NEWID="11468">
+<DATE>31-MAR-1987 12:34:24.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1810&#31;reute
+r f BC-AMERICAN-&lt;AMR>-SETS-S   03-31 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN &lt;AMR> SETS SCHEDULE FOR AIRCAL MERGER</TITLE>
+<DATELINE>    DALLAS, March 31 - </DATELINE><BODY>AMR Corp's American Airlines unit said
+it plans to complete the integration of AirCal into its
+operations within four to five months.
+    American's merger with AirCal, announced last November,
+received final approval from the Department of Transportation
+yesterday.
+    American said Richard D. Pearson, coordinator of the
+airline's merger activities, will become chairman and chief
+executive officer of AirCal during the period up to completion
+of the merger.
+    American said Pearson succeeds William Lyon, who has been
+elected to AMR's board.
+    It added that David A. Banmiller will continue as AirCal's
+president and chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17531" NEWID="11469">
+<DATE>31-MAR-1987 12:35:52.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1819&#31;reute
+b f BC-******GENCORP-SAYS-IT   03-31 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP SAYS IT EXPECTS TO COMPLETE SALE OF WOR TV THIS WEEK, ALL CHALLENGES RESOLVED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17532" NEWID="11470">
+<DATE>31-MAR-1987 12:37:00.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1826&#31;reute
+u f BC-SYMS-CORP-&lt;SYM>-4TH-Q   03-31 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYMS CORP &lt;SYM> 4TH QTR</TITLE>
+<DATELINE>    NEW YORK, March 31 -
+    </DATELINE><BODY>Shr 43 cts vs 25 cts
+    Net 7.6 mln vs 4.4 mln
+    Revs 72.0 mln vs 66.9 mln
+    Year
+    Shr 84 cts vs 72 cts
+    Net 14.8 mln vs 12.7 mln
+    Revs 223.1 mln vs 215.2 mln
+    NOTE: 1986 4th qtr inludes gain of 2.6 mln dlrs on sale of
+real estate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17533" NEWID="11471">
+<DATE>31-MAR-1987 12:37:11.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1827&#31;reute
+r f BC-SUBCOMMITTE-APPROVES   03-31 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUBCOMMITTE APPROVES SAVINGS INSURANCE FUND</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>A House Banking subcommittee voted
+to authorize a 25 billion dlr recapitalization of the Federal
+Savings and Loan Insurance Corp and allow forebearance of some
+bad loans by savings associations.
+    The Financial Institutions subcommittee approved the 25
+billion dlr recapitalization plan proposed by Rep. Thomas
+Carper, D-Del, on a 23-20 vote in place of a five billion dlr
+plan offered by Committee chairman Fernand St Germain, D-R.I.
+The Senate last week approved a 7.5 billion dlr FSLIC
+refinancing.
+    The subcommittee also voted to make associations which
+leave FSLIC pay twice the regular annual premium and twice the
+special assessment as exit fees. The bill will go to the full
+committee for further action.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17534" NEWID="11472">
+<DATE>31-MAR-1987 12:37:45.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1830&#31;reute
+r f BC-U.S.-TAX-AGENCY-INCRE   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TAX AGENCY INCREASES INTERNATIONAL AUDITS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The Internal Revenue Service (IRS)
+said it was stepping up compliance efforts by its international
+staff to recover some of the billions of dollars lost each year
+in unpaid taxes.
+    The agency was shifting emphasis by its international
+branch to increase compliance by the 47,000 foreign-owned
+American companies and foreign firms operating in the United
+States, IRS officials said at a news conference.
+    The IRS also was taking a closer look at compliance by
+Americans living abroad and by taxpayers in the United States
+with income from overseas investments.
+    Percy Woodard, assistant IRS commissioner, international,
+denied that the agency was picking on foreign companies, but he
+said fewer of them pay taxes than comparable U.S. firms.
+    In some industries, one pct of foreign firms paid U.S.
+taxes, he said. Other IRS staff said the taxes paid by foreign
+companies ranged from 16 to 19 pct less than taxes paid by U.S.
+firms.
+    "If our taxpayers in another country are expected to fulfill
+their tax-paying responsibilities in that country, then
+foreigners in our country can be expected to do the same thing,"
+Woodard said.
+    In addition, as many as 61 pct of the 2.5 mln Americans who
+live abroad do not file tax returns, costing the government 2.3
+billion dlrs a year, Woodard said.
+    The total tax gap -- the difference between taxes owed and
+actually paid to the government -- is about 90 billion dlrs.
+    Millions of dollars are lost because Americans fail to
+report foreign income and because U.S. businesses with foreign
+operations can underreport income, Woodard said.
+    The IRS will increase compliance by reassigning 100    
+examiners to international tax returns, a 25-pct increase,
+which should lead to more tax return audits.
+    The IRS will study entire industries to spot trends or
+practices by foreign-owned companies in their compliance with
+tax laws, Woodard said.
+    The IRS looked at the electronics industry first, but
+Woodard denied it was because of the trade dispute over
+semiconductors between the United States and Japan.
+    The agency next will turn its attention to the automobile,
+computer and motorcycle industries.
+    The IRS will also receive information on anyone who applies
+for a U.S. passport or permanent residence in the United States
+to help indentify those who do not file returns.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17535" NEWID="11473">
+<DATE>31-MAR-1987 12:37:58.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1832&#31;reute
+r f BC-CALIFORNIA-ENERGY-&lt;CE   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA ENERGY &lt;CECI> GETS PRIVATE FUNDING</TITLE>
+<DATELINE>    SANTA ROSA, Calif., March 31 - </DATELINE><BODY>California Energy Co Inc
+said Drexel Burnham Lambert Inc is highly confident it can
+provide the company with 160 mln dlrs of private financing,
+subject to certain conditions.
+    California Energy said that as part of the financing, it
+received a letter of commitment for 133 mln dlrs of project
+funding from Credit Suisse.
+    The company said proceeds of the financing will be used by
+its China Lake joint venture for the purchase of equipment and
+construction of an 80-megawatt power plant at a
+company-developed geothermal site at China Lake, Calif.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17536" NEWID="11474">
+<DATE>31-MAR-1987 12:38:07.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1833&#31;reute
+r f BC-HERCULES-&lt;HPC>,-COLLA   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERCULES &lt;HPC>, COLLAGEN &lt;CGEN> FORM VENTURE</TITLE>
+<DATELINE>    PALO ALTO, Calif., March 31 - </DATELINE><BODY>Hercules Inc and Collagen
+Corp said they formed an equally-owned joint venture to
+develop, make and market products for the treatment of dermal
+wounds caused by surgery, trauma or disease.
+    The joint venture will focus on development of products to
+heal dermal wounds that are resistant to currently available
+treatment, the companies said.
+    They said clinical studies will focus initially on treating
+wounds such as decubitus ulcers or bedsores caused by prolonged
+pressure and underlying diseases such as diabetes, which
+compromises the blood supply.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17537" NEWID="11475">
+<DATE>31-MAR-1987 12:38:13.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1834&#31;reute
+d f BC-NPS-TECHNOLOGIES-GROU   03-31 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NPS TECHNOLOGIES GROUP &lt;NPSGU> 4TH QTR</TITLE>
+<DATELINE>    SECAUCUS, N.J., March 31 -
+    </DATELINE><BODY>Shr N.A. vs N.A.
+    Net 46,000 vs 106,000
+    Revs 19.8 mln vs 19.0 mln
+    YEar
+    Shr 26 cts vs 26 cts
+    NEt 1.3 mln vs 1.3 mln
+    Revs 82.1 mln vs 105.3 mln
+    NOTE:1986 net includes 870,000 dlrs charge. 1985 net
+includes 788,000 credit. No share amounts provided for 4th qtr
+as NPS completed initial offering in August.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17538" NEWID="11476">
+<DATE>31-MAR-1987 12:38:17.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1835&#31;reute
+d f BC-FREEPORT-MCMORAN-RESO   03-31 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEPORT-MCMORAN RESOURCE LP &lt;FRP> QTLY PAYOUT</TITLE>
+<DATELINE>    NEW ORLEANS, March 31 - 
+    </DATELINE><BODY>Qtly cash distribution 60 cts vs 60 cts prior
+    Pay May 15
+    Record April 30
+    Note: Full name is Freeport-McMoRan Resources Partners LP.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17539" NEWID="11477">
+<DATE>31-MAR-1987 12:38:33.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1838&#31;reute
+d f BC-BUTLER-&lt;BTLR>-TO-BUY   03-31 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUTLER &lt;BTLR> TO BUY SKYLIGHT MANUFACTURER</TITLE>
+<DATELINE>    KANSAS CITY, MO., March 31 - </DATELINE><BODY>Butler Mfg Co said it signed a
+memorandum of intent to acquire Naturalite Inc, a manufacturer
+of skylights.
+    It said Garland, Texas-based Naturalite had sales in 1986
+of about 20 mln dlrs.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17540" NEWID="11478">
+<DATE>31-MAR-1987 12:38:44.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1840&#31;reute
+w f BC-DATA-MEASUREMENT-CORP   03-31 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA MEASUREMENT CORP &lt;DMCB> 4TH QTR</TITLE>
+<DATELINE>    GAITHERSBURG, Md, march 31 -
+    </DATELINE><BODY>Shr 83 cts vs 60 cts
+    Net 516,063 vs 328,468
+    Revs 8.3 mln vs 5.7 mln
+    NOTE:Shrs reflect 3-for-2 stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17541" NEWID="11479">
+<DATE>31-MAR-1987 12:42:30.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1850&#31;reute
+r f BC-PUBCO-CORP-&lt;PUBO>-YEA   03-31 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBCO CORP &lt;PUBO> YEAR NET</TITLE>
+<DATELINE>    CLEVELAND, March 31 - 
+    </DATELINE><BODY>Oper shr 12 cts vs nine cts
+    Oper net 4,027,852 vs 3,200,837
+    Revs 100.2 mln vs 46.0 mln
+    Note: Oper net excludes tax credits of 517,916 vs 198,000
+    Current year results include proceeds from termination of a
+pension plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17542" NEWID="11480">
+<DATE>31-MAR-1987 12:42:34.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1851&#31;reute
+f f BC-belgrade---tanjug-say   03-31 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>belgrade - tanjug says yugoslavia reaches paris pact on refinancing part of debt
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17543" NEWID="11481">
+<DATE>31-MAR-1987 12:42:50.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1853&#31;reute
+r f BC-montreal-trustco-inc   03-31 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MONTREAL TRUSTCO INC> YEAR NET</TITLE>
+<DATELINE>    MONTREAL, March 31 -
+    </DATELINE><BODY>Shr 94 cts vs 75 cts
+    Net 27.0 mln vs 18.4 mln
+    Revs 631.6 mln vs 409.5 mln
+    Avg shrs 27.1 mln vs 22.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17544" NEWID="11482">
+<DATE>31-MAR-1987 12:42:57.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1854&#31;reute
+d f BC-CLINI-THERM-&lt;CLIN>-GE   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLINI-THERM &lt;CLIN> GETS RESTRAINING ORDER</TITLE>
+<DATELINE>    DALLAS, March 31 - </DATELINE><BODY>Clini-Therm Corp said a Dallas court
+granted a temporary restraining order prohibiting a former
+officer and director from using or disclosing priveleged
+information obtained during employment at the company.
+    The 95th Judicial District Court of Dallas County set a
+hearing on April 8 to consider a preliminary injunction, the
+company said.
+    The court ordered the former officer, Victor Vaguine, to
+appear at the hearing and show cause why he should not be
+enjoined from working for BSD Medical Corp, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17545" NEWID="11483">
+<DATE>31-MAR-1987 12:43:02.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1855&#31;reute
+d f BC-GULL-&lt;GLL>-IN-PRIVATE   03-31 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULL &lt;GLL> IN PRIVATE SALE OF NOTES</TITLE>
+<DATELINE>    SMITHTOWN, N.Y., March 31 - </DATELINE><BODY>Gull Inc said it sold 20 mln
+dlrs of senior notes due March 31, 1999, to two institutional
+investors through Oppenheimer and Co.
+    Proceeds will be used to reduce long term debt and to
+convert other debt to fixed from floating rates, the maker of
+high technology instruments and other products said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17546" NEWID="11484">
+<DATE>31-MAR-1987 12:44:08.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1858&#31;reute
+d f BC-TRADESTAR-&lt;TIRR>-ACQU   03-31 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADESTAR &lt;TIRR> ACQUIRES IMAGE VIDEO</TITLE>
+<DATELINE>    TULSA, Okla., March 31 - </DATELINE><BODY>Tradestar Corp said it acquired
+&lt;Image Video Inc> for an undisclosed sum.
+    The company said Image Video produces and distributes
+videos for the home market.
+    Image Video is scheduled to release 20 video projects in
+1987, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17547" NEWID="11485">
+<DATE>31-MAR-1987 12:44:37.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1859&#31;reute
+r f BC-UNIVERSITY-FEDERAL-&lt;U   03-31 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSITY FEDERAL &lt;UFSB> SEEKS STATE CHARTER</TITLE>
+<DATELINE>    SEATTLE, March 31 - </DATELINE><BODY>University Federal Savings Bank said
+its board authorized the bank to apply to change its present
+federal charter to a Washington state charter.
+    The company said it also will seek to change its depositor
+insurance coverage from the Federal Savings and Loan Insurance
+Corp to the Federal Deposit Insurance Corp.
+    Its board believes the broader banking powers available to
+state-chartered institutions will better serve the long-term
+objectives of the bank and will be in the best interest of
+shareholders, University Federal also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17548" NEWID="11486">
+<DATE>31-MAR-1987 12:45:20.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1861&#31;reute
+b f BC-YUGOSLAVIA-REACHES-PA   03-31 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA REACHES PARIS PACT ON PART DEBT</TITLE>
+<DATELINE>    BELGRADE, March 31 - </DATELINE><BODY>Yugoslavia has reached an agreement
+with Western creditors on refinancing a portion of its 19.7
+billion dollar hard currency debt.
+    The official Tanjug news agency said the agreement was
+reached in Paris today in talks between Yugoslav delegation
+headed by Finance Minister Svetozar Rikanovic and 16 Western
+creditor countries, but it gave no precise figures for the
+amount to be rescheduled.
+    However, before the talks began, Tanjug said the agreement
+should cover 1.6 billion dollars of debt due this year and 3.5
+billion due in 1988.
+    The agreement covered a second phase of multi-year
+refinancing of Yugoslavia's debt, based on a protocol signed in
+May last year, which provided for the enhanced monitoring of
+economic trends in Yugoslavia by International Monetary Fund.
+    Tanjug said the agreement was reached after hearing the
+IMF's report on the state of Yugoslav economy and a +long and
+lively debate between creditors and members of the Yugoslav
+delegation.+
+    It said the talks with commercial bank creditors on
+realisation of the second phase of Yugoslavia's multi-year debt
+refinancing will follow in April this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17549" NEWID="11487">
+<DATE>31-MAR-1987 12:50:25.15</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE><D>reagan</D><D>chirac</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1869&#31;reute
+u f AM-CHIRAC-1STLD-(WRITET HROUGH)  03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHIRAC, REAGAN DISCUSS ARMS CONTROL, TRADE</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>French Prime Minister Jacques Chirac
+opened talks with President Ronald Reagan expected to focus on
+superpower arms control moves and trade issues.
+    French officials said a major aim of Chirac's visit was to
+present France's concern that the United States might ignore
+European security interests in any accord with Moscow on
+removing medium-range nuclear missiles from the continent.
+    But Reagan was expected to assure Chirac that he will not
+agree to a deal at the Geneva superpower talks that would give
+the Russians superiority in shorter-range systems, diplomats
+said.
+    France has expressed doubts about removing U.S. missiles
+from Europe so long as the Soviet Union maintains an edge in
+other weaponry, particularly shorter-range rockets,
+conventional forces and chemical weapons.
+    Speaking last night, Chirac set out the French position
+saying: "Any agreement on intermediate nuclear forces should
+mention how equality can be achieved in short-range missiles."
+    Reagan and Chirac meanwhile signed an agreement ending a
+dispute between two leading research institutes over patent
+rights to a blood screening test for the deadly disease AIDS.
+    In a joint statement, Chirac and Reagan said the Pasteur
+Institute in Paris and the National Cancer Institute, of
+Bethesda, Maryland, agreed to give part of the royalties from
+the test to a new foundation dedicated to the wordwide fight
+against AIDS (Acquired Immune Deficiency Syndrome).
+    "This agreement opens a new era in Franco-American
+cooperation, allowing France and the United States to join
+their efforts to control this terrible disease in the hopes of
+speeding the development of an AIDS vaccine and cure," Reagan
+said at the signing ceremony. 
+    He said the two parties would share the patent and give 80
+per cent of the royalties received to the new foundation.
+    The foundation would also raise private funds and would
+donate 25 per cent of its money to combat AIDS in less
+developed countries. 
+    Both leaders stressed the long ties between France and the
+United States during a welcoming ceremony in the White House
+East Room, with Reagan describing France as "America's oldest
+ally in war and peace." 
+    "I have come to tell you that we are remain motivated by the
+same ideals of freedom, by the same will to face the dangers
+which we both confront -- terrorism, war, hunger, poverty, new
+diseases and drugs," Chirac replied.
+    But the two countries are likely to have less to agree on
+over the issue of trade, where Chirac is worried about a rise
+in protectionism in the U.S. Congress. 
+    A senior U.S. official yesterday dismissed a French idea to
+sell cut-price grain to poor countries in Africa as a way of
+lessening surplus stocks.
+    Chirac is expected to canvass support for the idea, first
+proposed by French Agriculture Minister Francois Guillaume,
+during his two-day visit to Washington.
+    The U.S. official described the idea as a "grain producers'
+OPEC" -- a reference to the Organization of Petroleum Exporting
+Countries -- and said it went against the Reagan
+administration's desire to lessen government intervention in
+trade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17550" NEWID="11488">
+<DATE>31-MAR-1987 12:53:14.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1880&#31;reute
+b f BC-******GENCORP-SAYS-AL   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP SAYS ALTERNATIVE TO HOSTILE TENDER TO BE ANNOUNCED WITHIN A WEEK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17551" NEWID="11489">
+<DATE>31-MAR-1987 12:54:40.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1887&#31;reute
+d f BC-CARTER-DAY-IN-SETTLEM   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARTER-DAY IN SETTLEMENT WITH POWER COMPANIES</TITLE>
+<DATELINE>    CHARLESTON, S.C, March 31 - </DATELINE><BODY>Carter-Day INdustries Inc said
+it reached an eight mln dlrs settlement in a suit filed in the
+Bankruptcy Court for the Southern District of N.Y. against five
+power companies.
+    The suit was filed against Montana Power Co &lt;MTP>, Puget
+Sound Power and Light Co &lt;PSD>, Portland General Electric Co
+&lt;PGN>, Washington Water Power Co &lt;WWP> and PacifiCorp's &lt;PPW>
+Pacific Power and Light Co.
+    Carter-Day said proceeds from the settlement will be used
+to restore the company's liquidity, working capital and net
+worth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17552" NEWID="11490">
+<DATE>31-MAR-1987 12:55:50.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1891&#31;reute
+r f BC-canada   03-31 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA'S AIRLINE PROFITS SEEN HIGHER</TITLE>
+<AUTHOR>    By Claudia Van Riesen, Reuters</AUTHOR>
+<DATELINE>    TORONTO, March 31 - </DATELINE><BODY>Canada's airline industry, shaken up by
+a recent merger that creates a powerful new competitor for
+government-owned Air Canada, has begun its first serious drive
+for profitability in 50 years, industry analysts said.
+    "Now we've got a company that can compete with Air Canada,"
+said Thomas Bradley of Richardson Greenshields of Canada Ltd.
+"Clearly, it can go head-to-head in any market."
+    The new airline, which arose from the 300-mln-Canadian-dlr
+takeover of Canadian Pacific Air Lines Ltd by the small but
+cash-rich Pacific Western Airlines Corp, was launched last week
+as Canadian Airlines International Ltd.
+    Canadian Airlines will have 35-40 pct of the
+6-billion-Canadian-dlr domestic market, against Air Canada's
+50-55 pct. Wardair International Ltd is third with about nine
+pct.
+    Analysts believe Pacific Western's aggressive and
+cost-conscious chairman Rhys Eyton will develop the true
+potential of the former CP Air, which floundered for four
+decades inside the bureaucracy of conglomerate Canadian Pacific
+Ltd.
+    They said CP Air's management style had been not much
+different from that of Air Canada, formed 50 years ago, because
+neither airline was held accountable to its owners.
+    "Not that long ago, maybe even just six months ago, these
+two airlines were totally fiscally irresponsible. Neither
+seemed that concerned about the bottom line," said Bradley.
+    "But with CP Air being run by Eyton, it will be very
+conscious of profitability and shareholder return. And Air
+Canada is on the verge of going that way," he said.
+    CP Air, always fighting for market share rather than
+profits, was "a perennial money-loser," analyst Wilfred Hahn of
+Bache Securities Inc said in a recent report.
+    Prior to its takeover in December, it had accumulated
+long-term debt of 600 mln Canadian dlrs. From 1981 to 1985, its
+losses totaled 87 mln Canadian dlrs.
+    Air Canada, widely expected to be privatized later this
+year in a public share offering, lost 14.8 mln Canadian dlrs on
+revenues of 2.72 billion dlrs in 1985. It has a debt of more
+than 2 billion dlrs.
+    Although only a minority interest is likely to be sold to
+the public, the prospect of privatization at a time of
+increased competition is forcing Air Canada to pay more
+attention to finances, analysts said.
+    It recently disclosed that it expects to report a profit "in
+excess of 35 mln to 40 mln dlrs" for 1986. However, this profit
+recovery was due less to management skill than the fact that
+all Canadian airlines had a good year in 1986, analysts said.
+    Tourists came to Canada in record numbers last year,
+attracted by the relatively weak Canadian dollar and Expo 86 in
+Vancouver, which alone had more than 22 mln visitors.
+    For the next few years, most analysts see three-six pct air
+traffic growth, and they expect profits will come from
+cost-cutting and careful spending.
+    Peter Friend of Walywn Stodgell Cochran Murray Ltd said
+institutional buyers will be eager to add Air Canada to their
+portfolios as a blue-chip investment, but warned that new
+competition makes profit growth less certain.
+    "The airline with something to lose will be Air Canada. At
+one time, it had a fixed system which was theirs and nobody
+else's," Friend said.
+    Many analysts recommend that investors buy and hold airline
+shares for at least a year.
+    Analysts said Air Canada's immediate concern ahead of a
+public stock offering will be unloading unprofitable air routes
+without setting off a political storm.
+    It also will be faced with an expensive but necessary
+updating of its aging fleet of 111 aircraft.
+    Wardair, preferring strong medicine now instead of later,
+already has embarked on a one-billion-Canadian-dlr purchase of
+a dozen aircraft from Europe's Airbus Industrie.
+    Canadian Airlines, which has 81 aircraft, last week ordered
+six commuter planes from British Aerospace and said it would
+soon buy as many as six wide-bodied aircraft from Airbus or the
+Boeing Co.
+    Analysts said Canadian Airlines, with its newer fleet,
+needs to make fewer replacements and can afford these without
+hurting profits.
+    Steven Garmaise of Wood Gundy Inc expects Canadian
+Airlines' profit in 1988 will more than double last year's 29.8
+mln Canadian dlrs by Pacific Western.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17553" NEWID="11491">
+<DATE>31-MAR-1987 12:59:01.48</DATE>
+<TOPICS><D>crude</D><D>gas</D><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1899&#31;reute
+u f BC-U.S.-DISTILLATE,-GASO   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DISTILLATE, GASOLINE INVENTORIES SEEN LOWER</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Tonight's American Petroleum Institute
+weekly inventory report is expected to show moderate drawdowns
+in distillates and gasoline stocks for the week ended March 27,
+analysts and traders said.
+    They said they expect gasoline stocks to fall three mln
+barrels or less and heating oil inventories to drop between 1.3
+and four mln barrels.
+    Some analysts see crude stocks falling by as much as six
+mln barrels, while others think they could go up as much as 3.5
+mln barrels. Crude oil runs are expected to be unchanged from
+the previous week or slightly higher or lower.
+    For the week ended March 20, the API said gasoline stocks
+fell 2.7 mln barrels. Mosts analysts expect a modest draw for
+the week ended March 27. They said stocks could fall between
+700,000 and three mln barrels. Some said there is also a chance
+gasoline stocks will be unchanged.
+    API said distillate stocks dropped four mln barrels for the
+week ended March 20. Analysts and traders generally predict a
+similar or smaller depletion for last week. They said stock
+levels could drop 1.3 to four mln barrels.
+    The analysts attribute product stockdraws to seasonal
+factors but they said crude direction is harder to call.
+    Crude inventories rose 8.5 mln barrels in the week ended
+March 20, API said. Analysts are looking for build of between
+3.5 mln barrels to a six mln barrel draw for the week ended
+March 27.
+    API reported the amount of refinery capacity utilized up
+three pct for the week ended March 20. Analysts said
+utilization could have remained unchanged, or rose or fell by
+less than one pct for the week ended March 27.
+    Moderate product stockdraws would strengthen the market
+slightly, analysts said. But bullish expectations are already
+partially reflected in today's gains, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17554" NEWID="11492">
+<DATE>31-MAR-1987 13:03:09.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1912&#31;reute
+b f BC-GENCORP-&lt;GY>-ALTERNAT   03-31 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> ALTERNATIVE PLAN DUE WITHIN A WEEK</TITLE>
+<DATELINE>    AKRON, Ohio, March 31 - </DATELINE><BODY>A. William Reynolds, chairman and
+chief executive of GenCorp Inc, told shareholders he expects to
+announce a company alternative to a 100-dlr-per-share hostile
+tender within a week.
+    Last night the company urged shareholders to reject the
+tender. Reynolds urged shareholders to be patient, saying the
+group sponsoring the tender offer had months to evaluate
+GenCorp while "we have had only 10 days to respond."
+    Reynolds also disclosed the company has resolved legal
+challenges to its planned sale of WOR TV, serving the New York
+City market, and expects to complete the sale by Friday.
+    Reynolds said the company expects to book an after tax gain
+of 250 mln dlrs from the sale of WOR TV. The company plans to
+sell the station to MCA Inc &lt;MCA> for 387 mln dlrs.
+    Reynolds did not specify whether the legal challenges were
+dropped or dismissed. The Federal Communications Commission has
+already approved the station's sale.
+    Money from the sale of the station will play a role in
+helping develop an alternative to the tender offer co-sponsored
+by AFG Industries Inc &lt;AFG> and Wagner and Brown, Reynolds
+said. He provided no other details.
+    Randall Hubbard, chairman of AFG, and Joel Reed, chief
+financial officer of Wagner and Brown, attended the meeting,
+which was shifted from a tire plant to a downtown hotel. About
+300 people were present despite an overnight snowstorm.
+    Hubbard and Reed chatted briefly with Reynolds after the
+meeting but declined to discuss their proposal with reporters.
+    Reynolds told the shareholders friends and family members
+have been telling him "Bill, just don't pay greenmail" to end
+the takeover threat. Greenmail describes a buyout of a minority
+shareholder at a price not available to other holders. Reynolds
+said he considers it a "repugnant device."
+    Shareholders elected management's slate of 11 directors.
+Mario Gabelli, head of a New York investment firm which owns a
+large block of stock, proposed one nominee for the board.
+Gabelli said the unsuccessful attempt was designed to "stiffen
+the backbone of the board to discourage greenmail."
+    Hubbard and Reed reiterated previous statements that they
+are open to negotiations with GenCorp.
+    Asked about severance contracts for key executives in the
+event of a shift in control of the company, Reynolds asserted
+"we're developing alternatives that would not result in a
+change in control."
+    Asked whether the company's plan would be superior to any
+proposal of AFG and Wagner and Brown, Reynolds commented, "We
+know the company, we know the values and we know the
+opportunities better than any outside group."
+    In response to a question about whether any units are up
+for sale, he said only that GenCorp is evaluating alternatives.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17555" NEWID="11493">
+<DATE>31-MAR-1987 13:04:34.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1924&#31;reute
+r f BC-COMPUTER-PRODUCTS-&lt;CP   03-31 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER PRODUCTS &lt;CPRD> TO SELL CONVERTIBLES</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Computer Products Inc said it signed a
+letter of intent for an underwritten public offering of 30 mln
+dlrs of convertible subordinated debentures.
+    It plans to file by mid-May with the Securities and
+Exchange Commission a registration statement covering the
+securities, Computer Products said.
+    Proceeds will be used primarily to retire bank debt.
+    The offering will include an underwriters' over-allotment
+option of up to 15 pct of the principal amount, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17556" NEWID="11494">
+<DATE>31-MAR-1987 13:06:03.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1931&#31;reute
+d f BC-ILLINOIS-POWER-CO&lt;IPC   03-31 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ILLINOIS POWER CO&lt;IPC> TWO MONTHS FEBRUARY NET</TITLE>
+<DATELINE>    DECATUR, ILL., March 31 -
+    </DATELINE><BODY>Shr 65 cts vs 67 cts
+    Net 49,517,000 vs 47,732,000
+    Revs 229.2 mln vs 245.7 mln
+    Avg shrs 65,994,142 vs 63,293,867
+    NOTE: Per-share results reflect payment of preferred
+dividend requirements
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17557" NEWID="11495">
+<DATE>31-MAR-1987 13:07:51.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1937&#31;reute
+b f BC-******STOCK-MARKET-FU   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>STOCK MARKET FUNDAMENTALLY SOUND AND STRONG, WHITE HOUSE SPOKESMAN SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17558" NEWID="11496">
+<DATE>31-MAR-1987 13:09:28.71</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1942&#31;reute
+f f BC-******REAGAN-RENEWS-A   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REAGAN RENEWS ANTI-PROTECTIONISM STAND, WHITE HOUSE SAYS TRADE WAR UNLIKELY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17559" NEWID="11497">
+<DATE>31-MAR-1987 13:12:23.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1948&#31;reute
+u f BC-AVERY-&lt;AVRY>-SEES-QTR   03-31 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVERY &lt;AVRY> SEES QTR, YEAR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Avery Inc said the company will not
+show a profit in the next quarter and will probably not show a
+profit in 1987.
+    Speaking at the annual shareholders meeting, chairman
+Nelson Peltz declined to estimate when the company would become
+profitable.
+    Peltz said Uniroyal Chemical Co, acquired last year, would
+increase Avery's operating earnings but that associated
+acquisition costs would prevent Avery from posting net profits
+for some time.
+    At the meeting, stockholders approved an increase in the
+authorized number of common shares to 200 mln from 15 mln.
+    In the fiscal year ended May 30, 1986, Avery reported a
+loss of 489,000 dlrs. The company has changed its fiscal year
+to end Sept 30.
+    The increase in common shares would cover, among other
+things, the exercise of Triangle Industries Inc's &lt;TRI> and
+Drexel Burnham Lambert Inc's warrants issued in relation to
+Avery's 710 mln dlr acquisition of Uniroyal Chemical late last
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17560" NEWID="11498">
+<DATE>31-MAR-1987 13:13:29.91</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1956&#31;reute
+u f BC-TRADE-WAR-FEARS-MAY-P   03-31 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE WAR FEARS MAY PROMPT STOCK MARKETS' DOWNTURN</TITLE>
+<AUTHOR>    By David Ress, Reuters</AUTHOR>
+<DATELINE>    LONDON, March 31 - </DATELINE><BODY>The threatened trade war between the
+United States and Japan is just the kind of shock that
+economists say could send world stock markets into a tailspin.
+    But they are not so sure if that would be a brief
+corrective dip, or whether this week's falling share prices
+mark the start of a "bear" market.
+    "It's the billion dollar question," said Richard O'Brien,
+economist at American Express International Bank in London.
+    Japan's trade surplus -- 92.7 billion dlrs last year -- has
+poured into share and bond markets around the world, and funded
+a good chunk of the huge U.S. Budget deficit. Around a third of
+any new sale of U.S. Treasury bonds has been bought by the
+Japanese. However, Japanese investors have lost money as the
+dollar falls and will lose more if the United States lets it
+fall further to cut the trade deficit. The counterpart of
+improving the trade deficit either through a lower dollar or
+because the U.S. Increases duties on Japanese electronic goods,
+may be to hit the capital inflow which has financed the budget
+deficit.
+   And if the U.S. Trade deficit does fall, the Japanese will
+have less money to invest. To entice U.S. Investors to fill the
+gap that would be left if the Japanese stopped buying U.S.
+Bonds, interest rates would have to soar, O'Brien said. The
+subsequent shift from shares to bonds could cause major falls
+on the world stock markets.
+    "A year ago, we could be pretty confident about the markets,"
+said O'Brien. "Now, it is much less certain."
+    Buoyant share prices are supposed to reflect a booming
+economy. But the world economy, with sluggish growth at best in
+the industrial nations, a massive load of Third World debt and
+huge trade imbalances is not in good shape, said O'Brien.
+    Nevertheless, New York analyst William Raferty, of Smith
+Barney Harris Upham said  "We're still in a bull market," adding
+that corrections are a normal part of a rising market and "The
+bear usually strikes slowly."
+    Economist Evelyn Brody, at Morgan Grenfell and Co in
+London, said the huge sums of money going through the world
+financial system will keep a floor under share and bond prices.
+    Although interest by the Japanese in putting their money in
+non-dollar denominated bonds and stocks has increased it's very
+difficult to see where else they can put their money than in
+U.S. Dollars and especially the U.S. Treasury (bond) market,
+according to David Butcher, a senior executive at Yamaichi
+Securities Co Ltd's bond operation in London.
+    He said the Japanese are paying much closer attention now
+to the French franc and West German mark.
+    In the longer run, he worries about what trade tensions and
+the dollar's slide will mean for securities markets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17561" NEWID="11499">
+<DATE>31-MAR-1987 13:14:34.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1961&#31;reute
+u f BC-BIG-BEAR-INC-&lt;BGBR>-2   03-31 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIG BEAR INC &lt;BGBR> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    COLUMBUS, Ohio, March 31 - 
+    </DATELINE><BODY>Shr 46 cts vs 31 cts
+    Net 3,608,000 vs 2,448,000
+    Revs 223.5 mln vs 218.2 mln
+    Six mths
+    Shr 87 cts vs 64 cts
+    Net 6,788,000 vs 4,992,000
+    Revs 441.5 mln vs 439.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17562" NEWID="11500">
+<DATE>31-MAR-1987 13:15:06.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1963&#31;reute
+d f BC-NORTHVIEW-CORP-&lt;NOVC>   03-31 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHVIEW CORP &lt;NOVC> YEAR NET</TITLE>
+<DATELINE>    SAN DIEGO, Calif., March 31 -
+    </DATELINE><BODY>Shr 30 cts vs 51 cts
+    Net 966,000 vs 1,470,000
+    Revs 39.8 mln vs 41.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17563" NEWID="11501">
+<DATE>31-MAR-1987 13:17:42.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1968&#31;reute
+f f BC-******PENNZOIL-SEES-L   03-31 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PENNZOIL SEES LOWER 1ST QTR NET BEFORE UNUSUAL ITEM AGAINST YEAR AGO LOSS 49 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17564" NEWID="11502">
+<DATE>31-MAR-1987 13:18:19.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1970&#31;reute
+u f BC-WHITE-HOUSE-SAYS-STOC   03-31 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE SAYS STOCK MARKET SOUND AND STRONG</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Presidential spokesman Marlin
+Fitzwater shrugged off yesterday's sharp decline on Wall
+Street, saying the administration believes the stock market is
+"fundamentally sound."
+    Fitzwater attributed Monday's 57 point drop in the Dow
+Jones industrial average at the closing bell to "technical
+decisions" and said President Reagan's decision to impose trade
+sanctions against Japan might have also contributed.
+    "There are a lot of reasons that can cause this, but the
+underlying fact is that we believe the market is very strong
+and sound," he said.
+    Fitzwater said the stock market had risen 239 pct since
+Reagan took office on January 20, 1981.
+    "The market, we believe, is fundamentally sound," he said.
+    The presidential spokesman noted that at mid-day, the
+market had recovered some of the losses that occurred on
+Monday, when the third-worst one-day slump in Wall Street
+history occurred.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17565" NEWID="11503">
+<DATE>31-MAR-1987 13:21:05.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1973&#31;reute
+u f BC-SCEPTRE-RESOURCES-LTD   03-31 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCEPTRE RESOURCES LTD &lt;SRL> YEAR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 31 -
+    </DATELINE><BODY>Shr seven cts vs two cts
+    Net 5,500,000 vs 4,300,000
+    Revs 69.1 mln vs 115.3 mln
+    Note: Shr after preferred divs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17566" NEWID="11504">
+<DATE>31-MAR-1987 13:21:23.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1974&#31;reute
+u f BC-TALKING-POINT/BORG-WA   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/BORG-WARNER CORP &lt;BOR></TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    New York, March 31 - </DATELINE><BODY>Borg-Warner Corp will vigorously
+resist GAF Corp's 46-dlr-per-share takeover offer, but the
+Midwest conglomerate may fall prey to another offer,
+either from GAF or its own management, analysts believe.
+    Analysts also said Borg-Warner may attempt to escape GAF
+through a restructuring. The speculation pushed Borg-Warner's
+stock up 1-3/8 to 48-1/2 in heavy trading.
+    Analysts predicted feisty GAF Chairman Samuel Heyman will
+stage a tough campaign to gain control of Borg-Warner so he can
+add its profitable plastics and chemical business to GAF.
+    "It seems from at least their dealing with (raider Irwin)
+Jacobs that they don't want to be taken over. The question is
+now do they acquiesce to GAF. I think instinctively, they want
+to remain independent," said Dudley Heer of Duff and Phelps.
+    Borg-Warner has been under siege by takeover speculation
+for almost a year. Last week, Jacobs' investment vehicle,
+Minstar Inc, and an investor group sold its 10.1 mln
+Borg-Warner shares. The same day, GAF Corp raised its stake by
+9.1 mln shares to 19.9 pct of the outstanding.
+    Jacobs was interested in buying the company, but took no
+steps toward a transaction.
+    "Their (Borg-Warner) policy has been to stonewall them for
+the last nine months. It's been one of the dullest corporate
+battles I've seen," said one analyst.
+    The battle, however, has heated up, and the range of
+breakup values on Wall Street span from the current market
+price to almost 60 dlrs per share. Most analysts said they
+think a price in the low 50s would be appropriate.
+    Arbitragers speculate that GAF will not give up easily on
+its 3.16 billion dlr offer to buy the balance of Borg-Warner.
+    Analysts who know GAF predict Heyman will either end up
+with Borg-Warner or enrich his chemicals and building materials
+company in some other way. Heyman two years ago attempted an
+unsuccessful takeover of Union Carbide Corp, but GAF benefited
+from that company's restructuring.
+    "Borg Warner can't quibble that it's not a legitimate
+offer. It seems to me the short of it is Borg Warner is kind of
+between a rock and a hard place. They either have to accept a
+46 dlr proposal or perhaps work a deal where it's sweetened. I
+personally think the company is (worth) around 55 dlrs per
+share," said Pershing analyst Richard Henderson.
+    Henderson also speculated the company might attempt a
+restructuring such as the one carried out by Goodyear Tire and
+Rubber Co last year when it was being courted by Sir James
+Goldsmith. The company bought back the financier's stock and
+carried out a wider share repurchase.
+    Arbitragers, however, said they do not believe Heyman is
+seeking "greenmail," or the repurchase of his stock by the
+company at a premium.
+    Analysts noted that Heyman seems to have no problems with
+financing the transaction.
+    Previously associated with "junk bond" experts, Drexel
+Burnham Lambert Inc, GAf said it would finance its Borg-Warner
+takeover with bank financing. GAF said it would make a tender
+offer following a merger agreement approved by the Borg-WArner
+board and conditioned on the board's recommendation of the
+tender offer and merger.
+    Heyman said in a letter to Borg-Warner that he expects a
+merger would provide job security for Borg-Warner employees
+since the two companies businesses overlap. Analysts, however,
+believe Heyman would sell off assets he did not want to repay
+debt from the transaction.
+    GAF's stock rose 1-5/8 today, to 48-5/8.
+   "I believe, obviously, if GAF takes over Borg-Warner at the
+level it is proposing it would enhance GAF share values
+substantially," said Oppenheimer analyst Charles Rose.
+    He said at 46 dlrs per share, Heyman's average cost for the
+company's stock would be 44 dlrs per share based on GAF's
+current holdings.
+    Rose said the Borg-Warner plastics and chemical business,
+which makes thermo-plastics is the asset attracting Heyman.
+Analysts said it accounts for a third of Borg's earnings.
+    The plastics are used in telephone equipment, office
+equipment and appliances. "Borg has half the market in the U.S.
+and is the leading technical player and the leading innovator,"
+Rose said. Its competitors are Dow Chemical Co &lt;DOW> and
+Monsanto Corp &lt;MTC>, he said.
+    Borg-Warner also has an automotive parts business, and a
+protective systems business, which includes Wells Fargo
+security guards. It also has an information services business,
+and is trying to sell its financial services business.
+    Borg-Warner earned 206.1 mln dlrs or 2.35 dlrs per share on
+revenues of 3.62 billion dlrs in 1986. Smaller GAF, in 1986,
+earned on an operating basis 80.7 mln dlrs or 2.22 dlrs per
+share on sales of 753.8 mln dlrs.
+    GAF's net earnings included an after tax gain of 201.4 mln
+from its participation in a Union Carbide exchange offer, a
+special union carbide dividend, and the sale of its Union
+Carbide shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17567" NEWID="11505">
+<DATE>31-MAR-1987 13:26:45.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1992&#31;reute
+r f BC-MANHATTAN-NAT'L-&lt;MLC>   03-31 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANHATTAN NAT'L &lt;MLC> HOLDERS VOTE STOCK SALE</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Manhattan National Corp said its
+shareholders overwhelmingly approved a proprosal through which
+&lt;Union Central Life Insurance Co> took control of the company
+by acquiring about 3.6 mln shares of newly issued Manhattan
+National common stock for 43.2 mln dlrs.
+    The company said the transaction gives Union Central, a
+Cincinnati-based mutual insurance company, a total of 8,804,397
+shares of Manhattan National stock, or 52.2 pct of the total
+outstanding.
+    Manhattan National said about three mln dlrs of the
+invested funds will be used to repay short-term debt and two
+mln dlrs has been earmarked for other short-term needs.
+    The remainder will be available for the company's insurance
+units, or for other business purposes, it said.
+    Charles C. Hinkley, president and chief executive officer
+of Union Central, is expected to be named chairman, president
+and chief executive of Manhattan National, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17568" NEWID="11506">
+<DATE>31-MAR-1987 13:28:02.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2001&#31;reute
+u f BC-******PENNZOIL-SEES-L   03-31 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNZOIL &lt;PZL> SEES LOWER FIRST QTR</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Pennzoil Co Chairman J. Hugh Liedtke
+told a meeting of analysts that the company expects its first
+quarter net to be down considerably, before an unusual item,
+from the loss of 49 cts a share reported a year ago.
+    Liedtke did not say how large the unusual item would be.
+"We're still closing our books on the first quarter, so I don't
+have final numbers for you," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17569" NEWID="11507">
+<DATE>31-MAR-1987 13:28:12.11</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2002&#31;reute
+u f BC-us-cotton-weather-noa   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WEATHER/COTTON SUMMARY -- USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Cotton planting began in California
+and was expected to proceed rapidly in the week ended March 28,
+the Joint Agriculture Weather Facility of the U.S. Agriculture
+and Commerce Departments said.
+    In a summary of its Weather and Crops Bulletin, the agency
+said winds and low soil temperature retarded growth and
+hampered seeding in Arizona.
+    Planting moved into Mohave and Pinal Counties.
+    Cotton planting progressed well in the Lower Valley,
+Coastal Bend and along the Upper Coast of Texas.
+    However, bad weather continued hampering cotton seedbed
+preparations in Oklahoma.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17570" NEWID="11508">
+<DATE>31-MAR-1987 13:28:43.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2006&#31;reute
+r f BC-QUANTUM-VENTURE-UPS-C   03-31 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUANTUM VENTURE UPS COMPUTER NETWORK&lt;CMNT> STAKE</TITLE>
+<DATELINE>    MINNEAPOLIS, March 31 - </DATELINE><BODY>Computer Network Technology Corp
+(CNT) said that &lt;Quantum Venture Partners LP>, a private
+investment limited partnership, has acquired an additional
+600,000 shares of CNT common stock, raising its stake in CNT to
+15.3 pct from 9.6 pct of the currently outstanding shares.
+    CNT said Quantum bought the shares by exercising 1.5 mln
+dlrs in warrants, bringing its total investment in CNT to 2.5
+mln dlrs.
+    CNT also said &lt;Sand Technology Systems Inc> of Canada
+bought two of its CHANNELink networking units for a data
+processing service for major health care facilities in Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17571" NEWID="11509">
+<DATE>31-MAR-1987 13:28:50.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2007&#31;reute
+r f BC-GROW-GROUP-&lt;GRO>-DELA   03-31 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROW GROUP &lt;GRO> DELAYS SPINOFF OF SUBSIDIARY</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Group Group Inc said it has delayed
+the distribution of the common shares of its Grow Ventures Corp
+subsidiary scheduled for today.
+    The company said the spinoff, which is subject to required
+filings with the Securities and Exchange Commission and other
+conditions, has been delayed due to the commission's heavy
+workload, which has not permitted a review of Grow Group's
+filings.
+    As soon as these filings are processed by the SEC a new
+distribution date will be announced, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17572" NEWID="11510">
+<DATE>31-MAR-1987 13:29:08.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2008&#31;reute
+r f BC-ELCOR-&lt;ELK>-UPS-QTLY   03-31 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELCOR &lt;ELK> UPS QTLY DIV, SETS STOCK SPLIT</TITLE>
+<DATELINE>    MIDLAND, Texas, March 31 - </DATELINE><BODY>Elcor Corp said it raised its
+quarterly common stock dividend to 11 cts a share from nine cts
+and declared a two-for-one common stock split.
+    The company said the increased dividend will be paid on May
+13 to shareholders of record April 16.
+    The stock split, Elcor said, will paid in the form of a 100
+pct stock dividend on May 28 to shareholders of record may 14.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17573" NEWID="11511">
+<DATE>31-MAR-1987 13:30:24.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2012&#31;reute
+f f BC-******FED-BUYING-COUP   03-31 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED BUYING COUPON SECURITIES FOR OWN ACCOUNT, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17574" NEWID="11512">
+<DATE>31-MAR-1987 13:31:41.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2017&#31;reute
+d f BC-USDA-FOREIGN-POSTS-TH   03-31 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA FOREIGN POSTS THREATENED BY TIGHT BUDGET</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The U.S. Agriculture Department will
+be forced to close 13 foreign posts and reduce personnel in
+five others unless Congress approves two mln dlrs in
+supplemental appropriations for fiscal 1987 to cover increased
+overseas costs due to changes in the value of currencies, a
+senior department official said.
+    Thomas Kay, administrator of USDA's Foreign Agricultural
+Service, FAS, told the Senate Appropriations Agriculture
+Subcommittee that the devaluation of the U.S. dollar since 1985
+has raised USDA's costs in many of its 75 offices overseas.
+    Kay declined to say which posts were jeopardized by rising
+foreign costs.
+    In Europe and Japan, the dollar's decline is expected to
+raise the costs of running offices staffed by agricultural
+attaches and trade officers by 2.5 mln dlrs in the current
+fiscal year compared with 1985 estimates, according to FAS
+projections.
+    Favorable exchange rate changes are expected to cut FAS
+spending by about 510,000 dlrs elsewhere, FAS said.
+    The House Appropriations Committee has approved one mln
+dlrs in supplemental funds to cover FAS losses. The full House
+may take up the measure, folded into a government-wide
+supplemental appropriations bill, next week.
+    Staff on the House panel said the committee balked at
+appropriating two mln dlrs because the White House budget
+office turned down FAS's request for the supplemental.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17575" NEWID="11513">
+<DATE>31-MAR-1987 13:33:24.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2025&#31;reute
+f f BC-******PENNZOIL-SAYS-I   03-31 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PENNZOIL SAYS IT WILL CONSIDER ANY REALISTIC SETTLEMENT OFFER IN TEXACO LITIGATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17576" NEWID="11514">
+<DATE>31-MAR-1987 13:34:11.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2030&#31;reute
+r f BC-QUEST-&lt;QBIO>-SIGNS-PA   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEST &lt;QBIO> SIGNS PACT WITH ALZA &lt;AZA></TITLE>
+<DATELINE>    DETROIT, March 31 - </DATELINE><BODY>Quest Biotechnology Inc said its Quest
+Blood Substitute Inc subsidiary executed an agreement with Alza
+Corp &lt;AZA> which will make Alza a preferred shareholder of its
+subsidiary.
+    Quest said the agreement also offers Alza the right to
+acquire up to 25 pct of the unit's equity in exchange for the
+acquisition of patent rights to Alza technology in an area
+where Quest has an interest.
+    Quest also said its signed a merger agreement with &lt;Hunt
+Research Corp> and its affiliate &lt;ICAS Corp>. Quest said it
+expects to complete the merger within the next several weeks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17577" NEWID="11515">
+<DATE>31-MAR-1987 13:36:12.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2034&#31;reute
+r f BC-CHUBB-&lt;CB>-COMPLETES   03-31 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHUBB &lt;CB> COMPLETES SOVEREIGN &lt;SOVR> BUYOUT</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Chubb Corp said it completed the
+previously announced acquisition of Sovereign Corp.
+    Under terms of the acquisition, Sovereign shareholders will
+receive, in a tax-free exchange, 0.1365 share of Chubb common
+for each Sovereign share held.
+    Chubb said the transaction was valued at 9.11 dlrs a share
+based on the closing price of its stock on March 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17578" NEWID="11516">
+<DATE>31-MAR-1987 13:36:54.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f2035&#31;reute
+u f BC-us-crop-weather-noaa   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LIVESTOCK STRESSED BY COLD - USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Snow and cold weather stressed
+livestock in the northern and Central plains and Rocky Mountain
+States in the week ended March 29, the Joint Agricultural
+Weather Facility of the U.S. Agriculture and Commerce
+Departments said.
+    In a summary of its weekly Weather and Crop Bulletin, the
+agency said in Colorado, calving and lambing continued, but
+young animals were under stress.
+    Ranchers were busy digging out and locating stray livestock
+in Kansas and North Dakota, it said.
+    Heavy snowfall and cold gusty wind caused some cattle
+deaths in the Panhandle area of Oklahoma.
+    The cold weather slowed pasture growth from Texas to North
+Dakota, the agency said.
+    Pastures continued responding to moisture and warm
+temperatures in most other areas, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17579" NEWID="11517">
+<DATE>31-MAR-1987 13:37:30.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2037&#31;reute
+r f BC-TCW-CONVERTIBLE-SECUR   03-31 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TCW CONVERTIBLE SECURITIES FUND SELLS SHARES</TITLE>
+<DATELINE>    LOS ANGELES, March 31 - </DATELINE><BODY>&lt;TCW Convertible Securities Fund
+Inc> said it sold one mln common shares to a group of
+underwriters to cover over-allotments following a March five
+public offering of 10 mln shares at 10 dlrs each.
+    The underwriting group is led by led by Bear Stearns and Co
+Inc, E.F. Hutton and Co Inc, Advest Inc, Blunt Ellus and Loewi
+Inc, Piper Jaffray and Hopwood Inc and Sutro and Co Inc, the
+company said.
+    It said total proceeds to the fund from the 21 mln shares
+was195.3 mn dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17580" NEWID="11518">
+<DATE>31-MAR-1987 13:39:41.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2039&#31;reute
+b f BC--/FED-ADDS-PERMANENT   03-31 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS PERMANENT RESERVES BY BUYING COUPONS</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>The Federal Reserve is offering to buy
+all maturities of Treasury notes and bonds for its own account
+for regular delivery, a spokeswoman for the New York Fed said.
+    Fed funds were trading at 6-1/8 pct at the time of the
+"coupon pass," which adds permanent reserves to the banking
+system.  Economists had predicted an outright purchase of
+securities this week to counteract a seasonal drain of
+reserves, but many had expected the Fed to buy bills instead of
+coupon issues. Bond prices jumped as much as 1/4 point in the
+initial reaction to the news.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17581" NEWID="11519">
+<DATE>31-MAR-1987 13:40:40.09</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2040&#31;reute
+d f BC-USDA'S-AMSTUTZ-"SYMPA   03-31 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA'S AMSTUTZ "SYMPATHETIC" TO WOOD CREDITS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>U.S. Agriculture Undersecretary
+Daniel Amstutz said he was "totally sympathetic" with U.S. wood
+producers' desire to have their exports eligible for government
+credit guarantees.
+    But he told the Senate Appropriations Agriculture
+subcommittee that including wood products in the department's
+short- or intermediate-term export guarantee programs would
+conflict with U.S. multilateral trade obligations.
+    Currently, U.S. wood products are not eligible for
+government export credit guarantee because they are considered
+"manufactured products," Amstutz said.
+    He said USDA had devoted an "enormous amount" of time to
+considering making wood products eligible for the guarantees
+and that Congress was considering a measure to do so.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17683" NEWID="11520">
+<DATE>31-MAR-1987 13:40:49.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2041&#31;reute
+u f BC-******PENNZOIL-SAYS-I   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNZOIL &lt;PZL> WILL CONSIDER SETTLEMENT OFFER</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Pennzoil Co Chairman J. Hugh Liedtke
+told a meeting of securities analysts that the company will
+consider any realistic settlement offer in its 11.0 billion dlr
+ongoing litigation with Texaco Inc &lt;TX>.
+    "I wish I could tell you that I am optimistic about the
+chances (of a settlement), but I am not," Liedtke said. "I
+assure you, however, that we will continue to try."
+    He said that Pennzoil has made a number of settlement
+offers to Texaco both before the litigation commenced and
+after, but the offers were repeatedly rejected. He said Texaco
+has made no realistic offers.
+    Earlier this year, a Texas court of appeals upheld
+Pennzoil's claim against Texaco, ruling that Texaco unlawfully
+interfered with Pennzoil's merger agreement with Getty Oil.
+Texaco subsequently acquired Getty.
+    Liedtke said it has become more difficult to settle the
+case because the courts continually rule in its favor, raising
+the stakes of any agreement.
+    "Each time this goes up (to a higher court), the
+expectations of our shareholders goes up and it puts us in an
+increasingly difficult positon," he said.
+    "We cannot afford to settle this case for a pittance,"
+Liedtke told the meeting of analysts.
+    "We don't want to get sued for not fulfilling our fiduciary
+responsibilities," he said.
+    Liedtke also said that the company would not settle for
+less than two billion dlrs, which has been suggested by a
+number of Wall Street analysts.
+    He did say, however, that Pennzoil would entertain any
+proposal from Texaco including a possible preferred stock
+position in TExaco.
+    "I won't assume we'll take it," he said. "But we'd consider
+it." But he added that he thought it would be extremely
+difficult to work out a settlement made up of stocks, bonds and
+cash.
+    Liedtke, who earlier said the company would have a lower
+first quarter, also told reporters that the company expected
+lower earnings this year.
+    "We think earnings will probably be down this year," he
+said. Last year the company earned 1.28 dlrs a share from
+continuing operations or 68.5 mln dlrs on revenues of 1.9
+billion dlrs.
+    The earnings figure comes before an extraordinary loss of
+56 cts a share or 23.1 mln dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17582" NEWID="11521">
+<DATE>31-MAR-1987 13:42:31.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2046&#31;reute
+u f BC-HOME-FEDERAL-&lt;HFD>-TO   03-31 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME FEDERAL &lt;HFD> TO CONVERT TO STATE CHARTER</TITLE>
+<DATELINE>    SAN DIEGO, Calif., March 31 - </DATELINE><BODY>Home Federal Savings and Loan
+Association said it filed an application with the California
+State Banking Department for permission to convert to a state
+bank charter.
+    As part of the conversion process it also filed an
+application for Federal Deposit Insurance Corp Insurance, Home
+Federal said.
+    It said the application for a bank charter is a natural
+progression consistent with its plan to become a regional
+banking force.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17583" NEWID="11522">
+<DATE>31-MAR-1987 13:43:16.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2048&#31;reute
+r f BC-inverness-buys-assets   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVERNESS BUYS ASSETS FROM PARENT SILVERTON</TITLE>
+<DATELINE>    CALGARY, Alberta, March 31 - </DATELINE><BODY>&lt;Inverness Petroleum Ltd> said
+it acquired the oil and gas assets of its controlling
+shareholder &lt;Silverton Resources Ltd> for 26.4 mln dlrs,
+effective March 3, 1987.
+    Inverness said it issued 2,640,000 class A convertible
+retractable redeemable preferred shares in exchange for the
+assets, which include all Silverton's oil and gas properties,
+undeveloped acreage and its shares of Australian subsidiary
+S.R.L. Exploration Pty Ltd.
+    The preferred shares were immediately retracted for cash,
+the company said.
+    The transaction resulted in a discharge of Silverton's bank
+debt of 21.0 mln dlrs and a three mln dlr loan to Inverness
+from Silverton, Inverness said.
+    As a result of the acquisition, Inverness has bank debt of
+18.0 mln dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17584" NEWID="11523">
+<DATE>31-MAR-1987 13:43:30.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2050&#31;reute
+r f BC-BRISTOL-MYERS-TRUST-&lt;   03-31 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRISTOL-MYERS TRUST &lt;BYU> EXTENDS EXPIRATION</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>&lt;Americus Shareowner Service Corp>
+said the Americus Trust for Bristol-Myers will continue to
+accept tendered Bristol-Meyers Co &lt;BMY> shares until December
+one, extending the original expiration date of April one for
+eight months.
+    If the common stock price exceeds the trust's termination
+price of 110 dlrs, Americus Shareowner Service said, the trust
+will be temporarily closed until the price of the underlying
+stock falls below the termination price.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17585" NEWID="11524">
+<DATE>31-MAR-1987 13:43:38.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2051&#31;reute
+r f BC-DIGITAL-&lt;DEC>-SETTLES   03-31 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL &lt;DEC> SETTLES SUITS WITH COMPUTER FIRM</TITLE>
+<DATELINE>    MAYNARD, Mass., March 31 - </DATELINE><BODY>Digital Equipment Corp and
+Systems Industries Inc &lt;SYSM> said they settled all pending
+litigation between the two companies.
+    They said Digital's 1980 patent infringement suit against
+Systems Industries was dismissed, as was Systems Industries'
+1986 antitrust suit against Digital.
+    The companies said Systems Industries will be licensed to
+manufacture computer mass storage devices that use Digital
+technology.
+    They also said the company will pay Digital royalties in
+settlement of Digital's patent infringement claims.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17586" NEWID="11525">
+<DATE>31-MAR-1987 13:43:45.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2052&#31;reute
+r f BC-IMMUNEX-&lt;IMNX>-GETS-F   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMMUNEX &lt;IMNX> GETS FDA OKAY FOR HUMAN TESTS</TITLE>
+<DATELINE>    SEATTLE, March 31 - </DATELINE><BODY>Immunex Corp said it received Food and
+Drug Administration approval to begin human clinical testing of
+a protein as a possible treatment for cancer.
+    The company said the protein, granulocyte-macrophage colony
+stimulating factor, stimulates production of white blood cells
+essential to the body's immune function. It said it is
+developing the compound with &lt;Behringwerke AG>, a subsidiary of
+Hoechst AG.
+    Immunex said the drug's potential applications include
+restoration of white blood cell function, destruction of tumor
+cells, and as an AIDS treatment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17587" NEWID="11526">
+<DATE>31-MAR-1987 13:43:55.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2053&#31;reute
+d f BC-QUEST-BIOTECHNOLOGY-&lt;   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEST BIOTECHNOLOGY &lt;QBIO> UNIT IN MERGER PACT</TITLE>
+<DATELINE>    DETROIT, March 31 - </DATELINE><BODY>Quest Biotechnology Inc said its new
+subsidiary, Quest Blood Substitute Inc, signed the agreement
+and plan of merger with Hunt Research Corp and its affiliate,
+ICAS Corp.
+    It said Quest Blood expects to complete the merger within
+the next several weeks. Terms were not disclosed.
+    In a related transaction, Quest Blood said it executed an
+agreement with Alza Corp, which will make Alza a preferred
+shareholder of Quest Blood and offer Alza the right to acquire
+a total equity position of up to 25 pct of Quest Blood in
+exchange for acquisition of patent rights to Alza technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17588" NEWID="11527">
+<DATE>31-MAR-1987 13:44:00.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2054&#31;reute
+d f BC-LINCOLN-FOODSERVICE-&lt;   03-31 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINCOLN FOODSERVICE &lt;LINN> COMPLETES PURCHASE</TITLE>
+<DATELINE>    FORT WAYNE, Ind, March 31 - </DATELINE><BODY>Lincoln Foodservice Products
+Inc said it completed purchasing certain assets of Redco
+product line of food slicers, cutters and wedgers from the
+Dean/Alco Food Prep division of &lt;Alco Foodservice Equipment
+Co.>
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17589" NEWID="11528">
+<DATE>31-MAR-1987 13:44:06.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2055&#31;reute
+d f BC-I.R.E.-FINANCIAL-CORP   03-31 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>I.R.E. FINANCIAL CORP &lt;IF> YEAR</TITLE>
+<DATELINE>    CORAl GABLES, Fla, March 30- 
+    </DATELINE><BODY>Shr 94 cts vs 77 cts
+    Net 2.1 mln vs 1.7 mln
+    Revs 7.8 mln vs 8.8 mln
+    NOTE:Per share data reflects elimination of 500,000 shares
+owned by 50 pct owned subsidiary and reflect one-for-three
+reverse stock split effective march 5, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17590" NEWID="11529">
+<DATE>31-MAR-1987 13:44:10.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2056&#31;reute
+d f BC-ENERGY-VENTURES-CINC   03-31 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY VENTURES CINC &lt;ENGY> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 31 - 
+    </DATELINE><BODY>Net profit 510,000 vs loss 5,700,000
+    Revs 875,000 vs 4,100,000
+    Year
+    Net profit 871,000 vs loss 4,100,000
+    Revs 4,700,000 vs 14.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17591" NEWID="11530">
+<DATE>31-MAR-1987 13:44:23.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2057&#31;reute
+u f BC-peru-government-assum   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU GOVERNMENT ASSUMES DEBT OF ELECTROPERU</TITLE>
+<DATELINE>    Lima, march 31 - </DATELINE><BODY>the peruvian government announced it would
+assume 1.36 billion dlrs of foreign medium- and long- term debt
+of the state electrical power firm electroperu sa and its nine
+regional subsidiaries.
+    An economy ministry decree published in the official
+gazette said that the amount comprised 472 mln drs in arrears
+in principal which matured between 1982 and 1986 inclusive and
+and 888 mln dlrs in principal which were to mature between 1987
+and 1996 inclusive.
+    Electroperu sa would repay the government the amount over
+20 years, with one year grace, at zero pct interest.
+    The government would require electroperu, which has often
+run losses since its creation in 1972, to generate a profit of
+four pct annually beginning next year.  The decree did not say
+specify if this was net or gross profits.
+    Electroperu would also to submit a plan within 60 days to
+reduce its costs.
+    Peru's total foreign debt on december 31, 1986 was 14.46
+billion dollars, the central bank said. Out of the total, 11.04
+billion dlrs correspnds to the medium-and-long-term debt owed
+by the public sector to foreign creditors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17592" NEWID="11531">
+<DATE>31-MAR-1987 13:44:29.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2058&#31;reute
+f f BC-******nrc-said-it-ord   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NRC SAYS IT ORDERS PHILADELPHIA ELECTRIC TO SHUT DOWN PEACH BOTTOM PLANT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17593" NEWID="11532">
+<DATE>31-MAR-1987 13:44:40.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2059&#31;reute
+u f BC-Argentina-crop   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL CROP WEATHER SUMMARY -- USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Widespread rain interfered with
+summer crop harvesting in Brazil's Rio Grande do Sul and
+southern Mato Grosso do Sul in the week ended March 28, the
+Joint Agricultural weather Facility of the U.S. Agriculture and
+Commerce Departments said.
+    In its International Weather and Crop Summary, the agency
+said some rain fell in Parana, providing beneficial moisture to
+immature soybeans and corn following a long hot, dry spell.
+    Mostly dry weather prevailed in western Sao Paulo,
+southwestern Minas Gerais, southern Goias and extreme eastern
+Mato Grosso do Sul, it said.
+    The agency said weekly temperatures again averaged near to
+slightly above normal.
+    In general, harvest progress likely was slowed by wet field
+conditions over much of the region, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17594" NEWID="11533">
+<DATE>31-MAR-1987 13:45:38.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2062&#31;reute
+r f BC-DIAMOND-&lt;DIA>-SPINOFF   03-31 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND &lt;DIA> SPINOFF TO HAVE 60/40 DEBT/EQUITY</TITLE>
+<DATELINE>    SAN ANTONIO, March 31 - </DATELINE><BODY>Roger Hemminghaus, chairman of the
+refining and marketing company that is to spin off from Diamond
+Shamrock Corp told Reuters that the new company will have a
+debt to equity ratio of 60/40.
+    Hemminghaus said cash flow between 80 and 120 mln dlrs per
+year will reverse the ratio to 40/60 within two years.
+    He said the spinoff, to be called Diamond Shamrock R and M
+Inc, will probably occur just before the annual meeting of 
+Diamond Shamrock Corp. The annual meeting is scheduled for
+April 30 in Dallas, he said. Hemminghaus was in San Antonio for
+the National Petroleum Refiners Association meeting.
+    An effort by Texas oilman T. Boone Pickens to take over
+Diamond Shamrock was a reason behind the company's decision to
+spinoff, although a spinoff may have occurred anyway,
+Hemminghaus said.
+    He said that investment advisors told the company Pickens'
+offer was inadequate and suggested the company split up into a
+pure exploration and production upstream operation and a pure
+play downstream refining and marketing company.
+    He said he is hopes to raise 400 mln dlrs in financing for
+the new company.
+    Hemminghaus said 65 to 75 pct of the new company's earnings
+will come from wholesale refining, 20 to 30 pct will come from
+the retail sale of gasoline and other items at gasoline
+convenience store locations, and five to 10 pct from natural
+gas liquids and storage and marketing.
+    "Growth will be defined in building retail volumes, jobber
+volumes and refining capacity after that," Hemminghaus told
+Reuters. He said the new company will have a capital spending
+budget of 35 to 55 mln dlrs a year.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17595" NEWID="11534">
+<DATE>31-MAR-1987 13:48:29.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2067&#31;reute
+b f BC-PHILADELPHIA-ELECTRIC   03-31 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA ELECTRIC &lt;PE> TOLD TO CLOSE PLANT</TITLE>
+<DATELINE>    KING OF PRUSSIA, Pa., March 31 - </DATELINE><BODY>The Nuclear Regulatory
+Commission said its staff has ordered Philadelphia Electric Co
+to shut down the Peach Bottom Nuclear Power Plant at Delta, Pa.
+    The NRC noted that one Peach Bottom unit is shut down for
+refuling and said the other must be brought to cold shutdown
+within 36 hours. Neither unit may be restarted without the
+commission's approval, the regulatory body said.
+    The NRC said it received information on March 24 that
+control room operators at Peach Bottom had been observed
+sleeping while on duty in the control room.
+    It said the information indicated this conduct was
+pervasive and has been occurring for some time, and that shift
+supervision had knowledge of this situation.
+    In response to this information, the regulators said, they
+initiated 24-hour inspection coverage of the plant's control
+room, which is ongoing.
+    To date, the NRC said, its inspection has established
+operations control room staff has at times during various
+shifts, particularly the 2300 to 0700 shift, slept or otherwise
+been inattentive to duties over the past five months.
+    The commission said it also found management either knew
+and condoned the sleeping and inattention, or should have known
+about it, and either took no action or inadequate action to
+correct this situation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17596" NEWID="11535">
+<DATE>31-MAR-1987 13:49:04.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2069&#31;reute
+u f BC-venezuela-to-announce   03-31 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA TO ANNOUNCE NEW DEBT CONVERSION PLAN</TITLE>
+<DATELINE>    Caracas, march 31 - </DATELINE><BODY>venezuela will shortly announce a new
+plan to allow private companies to repay their foreign debts
+with equity and for public debt to be converted into private
+sector investments, cntral bank president hernan anzola said.
+    Anzola told a meeting of the banking association yesterday
+the new plan, to be called exchange agreement no. 4, will be
+announced in mid-april.
+    He said it will allow foreign creditors to convert unpaid
+private sector debts into bolivar-denominated shares of stock
+in the debtor companies. the plan would be similar to those
+already in effect in other latin american nations, he said.
+    at least a half dozen such debt-equity swaps have already
+taken place in venezuela. In 1984, a group of 17 U.S. Banks led
+by citibank converted 18.3 mln dlrs of debt from the cervecera
+nacional, into 30 pct of the beer company'stock.
+    Anzola said exchange agreement no. 4 will also allow for
+conversion of public sector debt into investments in venezuelan
+private industry.
+    Holders of venezuelan public debt bonds would be able to
+exchange them for bolivar-denominated bonds at up to 100 pct of
+their nominal value, which could be turned into private
+investment in priority areas.
+    This, anzola said, would mean a reduction in the amount of
+the public sector debt and an increase in foreign investment.
+He stressed that the public sector debt bonds will not be
+exchanged for shares of stock in state-owned companies.
+    Anzola said exchange rates for these transactions will
+depend the type of investment the creditor intends to make,
+with export-oriented companies to be favored.
+    Venezuela issued a new plan in december for the repayment
+of 7.8 billion dlrs in private sector foreign debt. Under the
+scheme, debtors are able to buy dollars at the preferential
+7.50 bolivars rate, but must also pay a premium.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17597" NEWID="11536">
+<DATE>31-MAR-1987 13:49:43.36</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2070&#31;reute
+r f BC-china-crop-weather   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA CROP WEATHER SUMMARY -- USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Moderate to heavy rain continued
+over early double-crop rice areas in eastern Guangxi,
+Guanghdong, eastern Hunan, Jiangxi, Fujian, and Zhejiang in the
+week ended March 28, the Joint Agricultural Weather Facility of
+the U.S. Agriculture and Commerce Departments said.
+    In its International Weather and Crop summary, the agency
+said The moisture lessened the need for irrigation. Moisture
+for early rice planting is adequate to abundant in most areas,
+and inundative rain in Guangdong and southern Jiangxi may have
+washed out some rice fields requiring replanting.
+     Light showers in southern Sichuan increased topsoil
+moisture for corn planting, which likely is off to a slow start
+due to earlier dryness, it said.
+    In the North China Plain, dry weather covered winter wheat
+in the vegetative stage, and rain is needed to meet increasing
+crop moisture requirements, it said.
+    Weekly temperatures in the North China Plain were near
+normal, the agency noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17598" NEWID="11537">
+<DATE>31-MAR-1987 13:50:16.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2072&#31;reute
+f f BC-******PENNZOIL-CHAIRM   03-31 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PENNZOIL CHAIRMAN SAYS ANY SETTLEMENT WITH TEXACO MUST BE ABOVE TWO BILLION DLR RANGE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17599" NEWID="11538">
+<DATE>31-MAR-1987 13:51:51.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2076&#31;reute
+d f BC-E-SYSTEMS-&lt;ESY>-RECEI   03-31 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E-SYSTEMS &lt;ESY> RECEIVES ORDER FROM BOEING &lt;BA></TITLE>
+<DATELINE>    DALLAS, March 31 - </DATELINE><BODY>E-Systems Inc said it received during
+the first quarter 5.7 mln dlrs of follow-on orders from Boeing
+Co's Boeing Commercial Airplane Co unit.
+    E-Systems said that under the new orders it will produce
+several different hydraulic and electrohydraulic components
+that are used with Boeing 737, 747, 757 and 767 aircraft.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17600" NEWID="11539">
+<DATE>31-MAR-1987 13:52:29.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2078&#31;reute
+d f BC-WILSON-BROTHERS-COMPL   03-31 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILSON BROTHERS COMPLETES SALE</TITLE>
+<DATELINE>    MIAMI, Fla., March 31 - </DATELINE><BODY>Wilson Brothers said it completed
+the sale of most of the assets of its Enro Shirt Co Inc,
+Enro-At-Ease Inc and Foxcroft Shirt Ltd subsidiaries to Enro
+Acquisition Corp for about 24.2 mln dlrs, half in cash and half
+in subordinated promissory notes.
+    Enro Acquisition is a newly formed corporation and owns
+Ramar Intercapital Corp and Wilson's chief operating officer,
+V. Jerome Kaplan, and other managers.
+    Enro Acquisition also assumed most of the units'
+liabilities including a 6.2 mln dlrs term loan.
+    Completion of the sale and recent sales of substantially
+all the assets of the company's 50 pct owned affiliate GMW
+Industries INc, are expected to result in a net gain of about
+nine mln dlrs in the first quarter of 1987.
+    For the year ago first quarter, Wilson reported net income
+of 28,000 dlrs, including a 103,000 dlrs credit, on sales of
+15.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17601" NEWID="11540">
+<DATE>31-MAR-1987 13:53:07.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2082&#31;reute
+d f BC-ELSINORE-CORP-&lt;ELX>-Y   03-31 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELSINORE CORP &lt;ELX> YEAR LOSS</TITLE>
+<DATELINE>    LAS VEGAS, Nev., March 31 -
+    </DATELINE><BODY>Shr loss 4.05 dlrs vs loss 2.47 dlrs
+    Net loss 39,598,000 vs loss 24,152,000
+    Revs 96.0 mln vs 87.9 mln
+    Note: Current year figures include 7.2 mln dlr provision
+for anticipated loss on note receivable, 25.4 mln dlr writedown
+on asset carrying value and 8.5 mln dlr provision for future
+operating losses at Elsinore Shore Associates.
+    Prior year figures include 10.5 mln dlr provision for
+future losses at Elsinore Shore Associates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17602" NEWID="11541">
+<DATE>31-MAR-1987 13:54:50.61</DATE>
+<TOPICS><D>oilseed</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2084&#31;reute
+u f BC-EC-MINISTER-SEES-OILS   03-31 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTER SEES OILS TAX STILL IN NEGOTIATION</TITLE>
+<DATELINE>    BRUSSELS, March 31 - </DATELINE><BODY>The outcome of negotiations on
+proposals by the European Commission for a 330 Ecus a tonne tax
+on EC-produced and imported oilseeds and marine oils remains
+difficult to predict, Belgian agriculture minister Paul de
+Keersmaeker told a news conference.
+    De Keersmaeker, who chaired a meeting of EC farm ministers
+which ended today, was asked about reports enough countries
+were against the tax to ensure that it would be defeated in
+negotiations on the EC farm price package for 1987/88.
+    He said it was true some countries were strongly opposed,
+but others were less so and others basically in favour.
+    "I think there is room for negotiations, and I would not
+want to make any predictions at this stage," de Keersmaeker
+said.
+    Yesterday, British minister Michael Jopling said Britain,
+West Germany, Portugal, the Netherlands and Denmark were
+opposed to the measure. Between them these countries have more
+than enough voting power to block it.
+    Diplomatic sources said at today's meeting the Spanish
+delegation also expressed strong reservations about the idea.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17603" NEWID="11542">
+<DATE>31-MAR-1987 13:56:43.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2090&#31;reute
+u f BC-******PENNZOIL-CHAIRM   03-31 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNZOIL SAYS SETTLEMENT MUST EXCEED 2 BLN DLRS</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Pennzoil Co &lt;PZL> Chairman J. Hugh
+Liedtke told a meeting of securities analysts that any
+settlement of the ongoing litigation would have to be above two
+billion dlrs.
+    "If anyone thinks this could be settled in the two billion
+dlrs range, they're not being realistic," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17604" NEWID="11543">
+<DATE>31-MAR-1987 13:57:05.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2091&#31;reute
+d f BC-GRUNTAL-FINANCIAL-&lt;GR   03-31 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRUNTAL FINANCIAL &lt;GRU> 2ND QTR FEB 27 NET</TITLE>
+<DATELINE>    NEW YORK, March 31 -
+    </DATELINE><BODY>Shr primary 33 cts vs 33 cts
+    Shr diluted 27 cts vs 32 cts
+    Net 3,669,000 vs 3,556,000
+    Revs 58.2 mln vs 56.6 mln
+    Avg shrs primary 11.2 mln vs 11.1 mln
+    Avg shrs diluted 15.1 mln vs 11.1 mln
+    Six mths
+    Shr primary 43 cts vs 46 cts
+    Shr diluted 37 cts vs 45 cts
+    Net 4,711,000 vs 4,879,000
+    Revs 101.9 mln vs 95.7 mln
+    Avg shrs primary 11.2 mln vs 10.9 mln
+    Avg shrs diluted 15.1 mln vs 10.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17605" NEWID="11544">
+<DATE>31-MAR-1987 13:58:25.31</DATE>
+<TOPICS><D>carcass</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2093&#31;reute
+u f BC-EC-MINISTERS-EXTEND-B   03-31 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS EXTEND BEEF, MILK MARKETING YEARS</TITLE>
+<DATELINE>    BRUSSELS, March 31 - </DATELINE><BODY>European Community agriculture
+ministers agreed to extend the 1986/87 milk and beef marketing
+years to the end of May, Belgian minister Paul de Keersmaeker
+told a news conference.
+    He said the reason for the two-month extension of the only
+EC farm product marketing years which end during the spring
+months was that it would be impossible for ministers formally
+to agree 1987/88 farm price arrangements before May 12.
+    This is when the European Parliament is due to deliver its
+opinion on price proposals from the EC Commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17606" NEWID="11545">
+<DATE>31-MAR-1987 14:00:32.46</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2096&#31;reute
+u f BC-WHITE-HOUSE-DISCOUNTS   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE DISCOUNTS THREAT OF TRADE WAR</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>President Reagan has reaffirmed his
+opposition to protectionism and his chief spokesman said trade
+sanctions imposed on Japan were unlikely to start a trade war.
+    "We don't want to go down that road," Reagan was quoted as
+telling Prime Minister Jacques Chirac after the visiting French
+official expressed concern about the rising tide of
+protectionist sentiment in the United States.
+    Later, White House spokesman Marlin Fitzwater defended the
+new sanctions against Japan and said administration officials
+"do not believe this will result in a trade war."
+    "It is the first time that the United States has taken an
+action of this type and it is significant but it is nothing to
+be alarmed about," the presidential spokesman added.
+    "We do not want protectionism ... We do not want a trade
+war," he said.
+    Fitzwater said the president was forced to act in the
+Japanese microchip case because Tokyo had failed to fulfill "an
+agreement to make some corrections."
+    Noting that there are "enormous pressures in the Congress
+and the land" for the United States to take a tough stand, he
+said, "This was a case where we felt we simply had to act."
+    Fitzwater said the decision to impose sanctions was "well
+considered by this administration and not taken lightly."
+    While the White House official held open the possibility
+that Washington and Tokyo will settle their trade dispute, he
+indicated a settlement probably would not come in time to head
+off the sanctions.
+    "We are always open to negotations ... Whether it (a
+settlement) could occur in time to prevent this (the sanctions)
+from going into effect is questionable at this point," the
+spokesman said.
+    The sanctions take effect in mid-April.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17607" NEWID="11546">
+<DATE>31-MAR-1987 14:04:54.75</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2122&#31;reute
+r f BC-WHITE-HOUSE-WELCOMES   03-31 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE WELCOMES RISE IN INDICATORS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The White House welcomed last
+month's 0.7 pct increase in the Index of Leading Economic
+Indicators, the government's key barometer of future economic
+growth.
+    The increase reversed a decline in January of 0.5 pct.
+    Presidential spokesman Marlin Fitzwater said the new
+figures signalling more economic growth in coming months showed
+that the index was "back on track" after its downturn at the
+first of the year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17608" NEWID="11547">
+<DATE>31-MAR-1987 14:05:06.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2123&#31;reute
+b f BC-******FNMA-SETS-7.20,   03-31 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FNMA SETS 7.20, 7.65 PCT COUPONS, PAR, 99.875 PRICES ON 1.5 BILLION DLR OFFER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17609" NEWID="11548">
+<DATE>31-MAR-1987 14:06:22.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2125&#31;reute
+b f BC-U.S.-FARM-CREDIT-BANK   03-31 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM CREDIT BANKS DEFER APRIL 20 OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>The Farm Credit Funding Corp said it
+will not issue bonds as scheduled on April 21 because of a
+decline in borrower needs for term credit.
+    A total of 1.461 billion dlrs of bonds maturing on April 20
+will be retired with excess cash and internally generated
+funds.
+    The next term debt offering is scheduled for June 1, with
+an announcement covering the terms due on May 21.
+    The farm credit system's reduced need for medium- to
+long-term financing also enabled it to cancel bond issues
+scheduled for January 20 and last October 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17610" NEWID="11549">
+<DATE>31-MAR-1987 14:07:05.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2127&#31;reute
+r f BC-CENTURI-INC-&lt;CENT>-YE   03-31 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTURI INC &lt;CENT> YEAR NET</TITLE>
+<DATELINE>    BINGHAMTON, N.Y., March 31 -
+    </DATELINE><BODY>Oper shr 13 cts vs six cts
+    Oper net 2,124,013 vs 909,158
+    Revs 168.6 mln vs 157.6 mln
+    NOTE: 1986 and 1985 years exclude loss discontinued
+operations 6,974,554 dlrs, and 268,000 dlrs, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17611" NEWID="11550">
+<DATE>31-MAR-1987 14:07:28.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2128&#31;reute
+r f BC-STANDEX-INTERNATIONAL   03-31 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDEX INTERNATIONAL &lt;SXI> BUYS BRITISH FIRM</TITLE>
+<DATELINE>    SALEM, N.H., March 31 - </DATELINE><BODY>Standex International Corp said it
+acquired &lt;Alan Duffy Engineering Ltd> of Blackburn, Lancashire,
+England, for an undisclosed amount of cash.
+    The newly-acquired company will operate as part of
+Standex's Perkins division, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17612" NEWID="11551">
+<DATE>31-MAR-1987 14:07:50.52</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2130&#31;reute
+r f BC-TREASURY'S-BAKER-PURS   03-31 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER PURSUING S. ASIAN REVALUATIONS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Treasury Secretary James Baker told
+the House Appropriations Committee the United States is still
+pressing newly industrialized south Asian nations that have
+tied their currencies to the dollar to let those currencies
+strengthen against the U.S. currency.
+    "We have seen some strengthening of those currencies (but)
+not as much as we would like," he said.
+    "We have been somewhat disappointed in the results so far,
+but we intend to continue these discussions," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17613" NEWID="11552">
+<DATE>31-MAR-1987 14:07:59.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2131&#31;reute
+r f BC-AMERICUS-TRUST-FOR-AM   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICUS TRUST FOR AMOCO SHARES EFFECTIVE</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Americus Trust for Amoco Corp shares
+said its registration has been delcared effective, and shares
+of Amoco Corp &lt;AN> may now be exchanged for Americus units on a
+one-for-one basis.
+    Each unit may be broken into PRIME and SCORE components and
+traded separately.  The PRIME entitles the holder to dividend
+payments and any stock price increase to a limit of 105 dlrs
+for Amoco shares and the SCORE to profits from future price
+increases above 105 dlrs.
+    Alex. Brown and Sons Inc &lt;ABSB> is dealer-manager for the
+trust.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17614" NEWID="11553">
+<DATE>31-MAR-1987 14:09:00.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2135&#31;reute
+d f BC-STERLING-DRUG-&lt;STY>-S   03-31 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING DRUG &lt;STY> SELLS ASSETS OF SUBSIDIARY</TITLE>
+<DATELINE>    NEW YORK, March 31 -  </DATELINE><BODY>Sterling Drug Inc said it sold the
+assets of its subsidiary Greene Dental Products Inc to Rinn
+Corp, of Elgin, Ill.
+    The cash purchase price was not disclosed.
+    Greene produces and sells dental X-ray tabs, mount products
+and record systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17615" NEWID="11554">
+<DATE>31-MAR-1987 14:11:10.55</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2140&#31;reute
+f f BC-******BALDRIGE-SAYS-U   03-31 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BALDRIGE SAYS U.S. TO GO AHEAD WITH JAPANESE SANCTIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17616" NEWID="11555">
+<DATE>31-MAR-1987 14:16:11.17</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2147&#31;reute
+u f BC-/BALDRIGE-SAYS-U.S.-T   03-31 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE SAYS U.S. TO IMPOSE JAPANESE SANCTIONS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
+said the United States would go ahead with planned 300 mln dlr
+sanctions against Japanese semiconductor exports, despite any
+U.S. Japanese talks to avert the trade curbs.
+    He said in a speech to an export-import group that he was
+sure the United States and Japan could work out their dispute
+over unfair Japanese trade practices in semiconductor trade,
+but "I am sure the sanctions will go in before we work it out."
+    Sanctions are to be imposed on April 17.
+    He also said he did not think there would be a trade war
+with Japan, because Japan had too much value in exports to the
+United States to risk such a war.
+    "Those fears are unfounded," he said.
+    He told reporters later that the sharp drop in the
+securities market was not due to fears of a trade war, but fear
+of inflation and that the Federal Reserve may act on that fact.
+    Market reaction was also due, he said, to the drop in the
+value of the dollar, although trade issues did have some
+effect.
+    Baldrige said that observers who were attributing the drop
+in the market to trade sanctions were "barking up the wrong
+tree."
+    He said the market observers will realize this shortly.
+    Baldrige said his remarks did not mean to suggest anything
+about the market or the exchange rate of the dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17617" NEWID="11556">
+<DATE>31-MAR-1987 14:20:25.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2151&#31;reute
+b f BC-******TEXACO-HAS-NO-C   03-31 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEXACO HAS NO COMMENT ON PENNZOIL SETTLEMENT STATEMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17618" NEWID="11557">
+<DATE>31-MAR-1987 14:25:25.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f2161&#31;reute
+r f BC-SHELL-SAYS-IT-NEEDS-1   03-31 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL DUTCH/SHELL &lt;RD> SPECIAL MEETING REQUESTED</TITLE>
+<DATELINE>    ROTTERDAM, March 31 - </DATELINE><BODY>Royal Dutch/Shell said two groups of
+U.S. investors have requested a special shareholders meeting to
+discuss the company's presence in South Africa.
+    But it said that a special meeting could only be held under
+Dutch law if 10 pct of its shareholders agree.
+    Two groups of U.S. investors, it said, have less than one
+pct of the outstanding shares in the company.
+    The groups are seeking a special meeting to call for an end
+to sales to the South African police and military, and
+withdrawal from South Africa, it said.
+    Royal Dutch spokesman Eric Steneker told Reuters
+shareholders were entitled to discuss any matter relating to
+Shell at May's annual general meeting. "In fact, Shell in South
+Africa has been discussed at every meeting of shareholders for
+more than 10 years," Steneker said.
+    Representatives of American Baptist Churches and the New
+York City Teachers Retirement System said Shell refused to
+discuss their proposals at the next meeting.
+    Steneker said investors had ample opportunity to express 
+views and a majority supported the board's view that it should
+stay in South Africa to act as a force for change.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17619" NEWID="11558">
+<DATE>31-MAR-1987 14:25:36.38</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2162&#31;reute
+u f AM-CHIPS-AMERICAN   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENIOR U.S. OFFICIAL TO VISIT JAPAN AS TRADE ROW GROWS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Undersecretary of State Michael
+Armacost will visit Tokyo next week for meetings with
+high-level officials that will include discussions of a growing
+trade row over Japanese semiconductor electronics products.
+    He is the first high-level U.S. official to visit Japan
+since President Reagan announced last week plans to impose
+tariffs worth up to 30 mln dls on Japanese electronic goods on
+April 17 in retaliation for Tokyo's alleged failure to live up
+to a pact on microchip trade signed last September.
+    The trip is set for April 6-8, the state department said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17620" NEWID="11559">
+<DATE>31-MAR-1987 14:27:43.72</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2173&#31;reute
+u f BC-UNION-PACIFIC-&lt;UNP>CL   03-31 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION PACIFIC &lt;UNP>CLOSES VENEZUELAN PARTNERSHIP</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Union Pacific Corp said it has closed
+the previously announced 50-50 partnership with Petroleos de
+Venezuela SA, Venezuela's national oil company, to own a
+160,000 barrel per day refinery in Corpus Christi, Texas.
+    Union Pacific said the partnership, called Champlin
+Refining Co, will acquire the refining and distribution system
+owned and operated by Union Pacific's Champlin Petroleum Co
+subsidiary. The Venezuelan company also signed a 25-year
+feedstock agreement with the partnership to supply at least
+140,000 barrels a day of Venezuelan crude oil and naphtha at
+market related prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17621" NEWID="11560">
+<DATE>31-MAR-1987 14:27:53.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2174&#31;reute
+u f BC-TEXACO-&lt;TX>-NO-COMMEN   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> NO COMMENT ON SETTLEMENT STATEMENT</TITLE>
+<DATELINE>    NEW YORK, MARCH 31 - </DATELINE><BODY>Texaco Inc said that it had no comment
+in response to a statement by Pennzoil Co &lt;PZL> chairman J.
+Hugh Liedtke that any settlement with Texaco must be above the
+two billion dlrs range.
+    "We have no commment at this time. We have said in the past
+that we were willing to discuss a reasonable and economic
+settlement but have no comment now," a Texaco spokeswoman said
+in response to a Reuter inquiry.
+    Liedtke told a group of security analysts in New york, "if
+anyone thinks this (litigation) could be setled in the two
+billion dlrs range, they're not being realistic."
+    Liedtke also told analysts Pennzoil would consider any
+reasonable settlement in its ongoing 11.0-billion-dlr suit with
+Texaco.
+    Neither Pennzoil nor Texaco has said that any talks were
+presently underway to resolve the dispute that arose when
+Pennzoil charged Texaco had improperly wrested control of Getty
+Corp from Pennzoil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17622" NEWID="11561">
+<DATE>31-MAR-1987 14:28:06.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2176&#31;reute
+r f BC-HEALTHSOUTH-&lt;HSRC>-FI   03-31 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHSOUTH &lt;HSRC> FILES FOR SHARE OFFERING</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., March 31 - </DATELINE><BODY>Healthsouth Rehabilitation
+Corp said it has filed for an offering of 2,303,936 common
+shares, including 303,936 to be sold by shareholdrs, through
+underwriters led by &lt;Smith Barney, Harris Upham and Co Inc> and
+Alex. Brown and Sons Inc &lt;ABSB>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17623" NEWID="11562">
+<DATE>31-MAR-1987 14:28:14.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2177&#31;reute
+r f BC-WINDMERE-&lt;WDMR>-IN-JO   03-31 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINDMERE &lt;WDMR> IN JOINT MERCHANDISING VENTURE</TITLE>
+<DATELINE>    HIALEAH, Fla., March 31 - </DATELINE><BODY>Windmere Corp said it will form a
+joint venture with &lt;Paragon Sales Inc>, and will be called 
+Paragon Industries.
+    The equally-owned joint venture will merchandise and
+distribute electric heaters, humidifiers and other electric
+seasonal consumer products in the U.S., according to the
+company.
+    The two companies, which have approximately 15 pct of the
+electric fan market in the U.S., will attempt to expand that
+market and introduce new products, Windmere said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17624" NEWID="11563">
+<DATE>31-MAR-1987 14:28:23.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2178&#31;reute
+r f BC-SCAN-GRAPHICS,-CAPTIV   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCAN-GRAPHICS, CAPTIVE VENTURE CAPITAL MERGE</TITLE>
+<DATELINE>    BROOMALL, Pa., March 31 - </DATELINE><BODY>&lt;Scan-Graphics Inc> said it has
+completed a merger with &lt;Captive Venture Capital Inc> in which
+former shareholders of Scan-Graphics have beome majority
+shareholders of the merged company and the Scan-Graphics board
+has been named the board of the merged company.
+    It said the merged company is now known as Scan-Graphics
+Inc and expects to be listed on the NASDAQ system soon.
+    It said Captive Venture issued 1,600,000 restricted
+preferred shares convertible into 16 mln common shares for
+Scan-Graphics.  Captive had 2,649,500 common shares outstanding
+before the merger.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17625" NEWID="11564">
+<DATE>31-MAR-1987 14:28:37.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2180&#31;reute
+d f BC-NODAWAY-VALLEY-CO-&lt;NV   03-31 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NODAWAY VALLEY CO &lt;NVCO> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    CLARINDA, Ia., March 31 -
+    </DATELINE><BODY>Shr 16 cts vs 23 cts
+    Net 385,747 vs 549,928
+    Revs 10.5 mln vs 9,037,596
+    Year
+    Shr 40 cts vs 58 cts
+    Net 946,024 vs 1,352,709
+    Revs 36.2 mln vs 30.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17626" NEWID="11565">
+<DATE>31-MAR-1987 14:28:40.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2181&#31;reute
+d f BC-&lt;lightning-minerals-i   03-31 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;LIGHTNING MINERALS INC> YEAR LOSS</TITLE>
+<DATELINE>    Edmonton, Alberta, March 31 -
+    </DATELINE><BODY>Shr loss four cts vs loss six cts
+    Net loss 92,917 vs loss 104,038
+    Revs 21.9 mln vs 5,091,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17627" NEWID="11566">
+<DATE>31-MAR-1987 14:28:50.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2182&#31;reute
+d f BC-BOBBIE-BROOKS-INC-&lt;BB   03-31 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOBBIE BROOKS INC &lt;BBKS> YEAR NET</TITLE>
+<DATELINE>    CLEVELAND, March 31 -
+    </DATELINE><BODY>Oper shr profit 41 cts vs loss 1.13 dlrs
+    Oper net profit 3,093,000 vs loss 7,000,000
+    Revs 35.9 mln vs 31.1 mln
+    Avg shrs 7,508,096 vs 6,207,723
+    NOTE: Current year excludes gain of about 2.5 mln dlrs or
+33 cts/shr from benefit of tax loss carryforward and includes
+pretax gain of about 1.2 mln dlrs from sale of export quota
+rights.
+    Year-ago includes charge of five mln dlrs from discontinued
+operations.
+    1985 is for eight mths ended Dec 31, 1985. In that year,
+company changed to calendar year from previous fiscal year
+ended April 27, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17628" NEWID="11567">
+<DATE>31-MAR-1987 14:28:59.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2183&#31;reute
+d f BC-CELLULAR-COMMUNICATIO   03-31 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CELLULAR COMMUNICATIONS INC &lt;COMM> NINE MTHS</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Dec 31 end
+    Shr loss 1.26 dlrs vs loss six cts
+    Net loss 11.4 mln vs loss 400,000
+    Revs 12.5 mln vs 4,049,000
+    NOTEL Company changed fiscal year to December 31 end.
+    Prior year net includes gain 4,454,031 dlrs from sale of
+minority interests in Connecticut partnerships.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17629" NEWID="11568">
+<DATE>31-MAR-1987 14:29:05.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2184&#31;reute
+h f BC-WILSON-BROTHERS-4TH-Q   03-31 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILSON BROTHERS 4TH QTR</TITLE>
+<DATELINE>    MIAMI, Fla, March 31 -
+    </DATELINE><BODY>Shr loss 30 cts vs loss 31 cts
+    Net loss 1.0 mln vs loss 1.0 mln
+    Revs 2.3 mln vs 1.7 mln
+    Year
+    Shr profit 0 10 cts vs loss 45 cts
+    Net profit 508,000 vs loss 1.5 mln
+    Revs 5.8 mln vs 6.7 mln
+    NOTE:1986 year and qtr net includes loss of 37,000 dlrs and
+538,000 dlrs, respectively from from discontinued operations.
+1986 net includes 1.7 mln dlr credit. 1985 year and qtr
+includes gain of 1.0 mln dlrs and loss of 190,000, respectively
+from discontinued operations.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17630" NEWID="11569">
+<DATE>31-MAR-1987 14:29:20.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2186&#31;reute
+h f BC-(POLORON-PRODUCTS-INC   03-31 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(POLORON PRODUCTS INC) YEAR OPER NET</TITLE>
+<DATELINE>    MIDDLEBURG, Pa., March 31 -
+    </DATELINE><BODY>Oper shr 26 cts vs 16 cts
+    Oper net 948,000 vs 480,000
+    Revs 25.4 mln vs 19.9 mln
+    NOTE: Excludes loss of 6.7 mln dlrs or 1.82 dlrs/shr vs
+gain of 453,000 dlrs or 15 cts from discontinued operations.
+1985 also excludes extraordinary gain equal to 34 cts/shr.
+    1986 ended Dec 31 and 1985 ended Nov 30. In 1986, company
+changed fiscal year end to Dec 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17631" NEWID="11570">
+<DATE>31-MAR-1987 14:29:26.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2187&#31;reute
+h f BC-GENEX-CORP-&lt;GNEX>-YEA   03-31 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENEX CORP &lt;GNEX> YEAR LOSS</TITLE>
+<DATELINE>    GAITHERSBURG, Md., March 31 -
+    </DATELINE><BODY>Shr loss 94 cts vs loss 1.25 dlrs
+    Net loss 12.1 mln vs loss 15.9 mln
+    Revs 3,307,000 vs 16.2 mln
+    NOTE: Current year includes writedown of 8.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17632" NEWID="11571">
+<DATE>31-MAR-1987 14:29:29.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2188&#31;reute
+s f BC-BIC-CORP-&lt;BIC>-SETS-Q   03-31 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIC CORP &lt;BIC> SETS QUARTERLY</TITLE>
+<DATELINE>    MILFORD, Conn., March 31 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts prior
+    Pay April 30
+    Record April 14
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17633" NEWID="11572">
+<DATE>31-MAR-1987 14:29:44.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2190&#31;reute
+s f BC-CULP-INC-&lt;CULP>-SETS   03-31 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CULP INC &lt;CULP> SETS QUARTERLY</TITLE>
+<DATELINE>    HIGH POINT, N.C., March 31 -
+    </DATELINE><BODY>Qtly div two cts vs two cts prior
+    Pay May 26
+    Record April 21
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17634" NEWID="11573">
+<DATE>31-MAR-1987 14:30:05.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2191&#31;reute
+f f BC-embargoed-for-1420-es   03-31 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA 3-YEAR BONDS AVERAGE YIELD 7.73 PCT IN AUCTION - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17635" NEWID="11574">
+<DATE>31-MAR-1987 14:32:24.46</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2199&#31;reute
+u f BC-/BROADER-U.S.-EEP-SOU   03-31 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROADER U.S. EEP SOUGHT BY REPUBLICAN LAWMAKERS</TITLE>
+<DATELINE>    WASHINGTON, MARCH 31 - </DATELINE><BODY>Republican members of the House
+Agriculture Committee said they will propose amendments
+tomorrow to a pending trade bill increasing funding for the
+export enhancement program, EEP, and significantly expanding
+the scope of the program.
+    At a press conference, Republican lawmakers said they would
+propose expanding EEP to include all countries "willing to
+purchase additional commodities at reasonable prices."
+    In addition, the Congressmen said they would propose
+extending the life of EEP to five years from the current three
+years and increasing the EEP funding ceiling to 2.5 billion
+dlrs from 1.5 billion at present.
+    The Agriculture committee tomorrow will begin drafting
+amendments to an omnibus trade bill now before the House.
+    Responding to the Republican plan, Agriculture Secretary
+Richard Lyng and Trade Representative Clayton Yeutter said they
+favor a flexible, targeted use of EEP instead of an
+across-the-board program which they termed too costly.
+    The Republican Congressmen also said they will offer an
+amendment to the trade bill instructing the U.S. Agriculture
+Department to value the bonus commodities used for EEP at the
+market value, rather than the cost of acquisition.
+    But Lyng said USDA already plans to change to market value
+accounting rather than acquisition value, in order to avoid
+hitting a funding ceiling for eep of 1.5 billion dlrs.
+    Lyng said under market value accounting only about 700 mln
+dlrs of EEP commodities have been used to date. Using
+acquisition value, USDA officials said the value is higher.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17636" NEWID="11575">
+<DATE>31-MAR-1987 14:33:14.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2204&#31;reute
+u f BC-WALL-STREET-STOCKS/AM   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/AMES DEPT STORES &lt;ADD></TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Ames Department Stores Inc fell 1-7/8
+to 23 in what analysts said was a reaction to a surprise
+announcement earlier today by the company that earnings in the
+fiscal year ended January 31 will decline sharply.
+    Ames said it expects to report earnings of between 72 and
+77 cts per share compared with 1.19 dlrs per share in the
+previous year.
+    "We were looking for 1.15 dlrs," said an analyst at a major
+Wall Street firm who declined to be identified. Ames said most
+of the decline resulted from an inventory shortage at its
+Secaucus, N.J. distribution center.
+    "The obvious suspicion is that there has been some kind of
+fraud or theft," said Ralph Shulansky, senior vice president of
+Ames. "We do not have hard evidence we are still putting things
+together."
+    He said it would take several weeks for the company to
+complete an investigation. He said there are no law enforcement
+officials involved at this time.
+    He declined to quantify the inventory shortage but said it
+was the major reason for the decline in earnings. A decline in
+gross margin percentage and an increase in the effective tax
+rate also contributed to the downturn, Ames said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17637" NEWID="11576">
+<DATE>31-MAR-1987 14:37:00.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2222&#31;reute
+r f BC-ANCHOR-HOCKING-&lt;ARH>   03-31 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANCHOR HOCKING &lt;ARH> POSTPONES ANNUAL MEETING</TITLE>
+<DATELINE>    LANCASTER, Ohio, March 31 - </DATELINE><BODY>Anchor Hocking Corp said it
+postponed its annual meeting of stockholders previously
+scheduled for May 6 pending completion of a review of proxy
+materials by the Securities and Exchange Commission.
+    The date and record date for the rescheduled meeting will
+be set later, the company said.
+    At the meeting, stockholders will be asked to approve a
+merger with Newell Co, to elect directors and decide related
+matters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17638" NEWID="11577">
+<DATE>31-MAR-1987 14:37:31.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2226&#31;reute
+d f BC-ITT'S-&lt;ITT>SHERATON-T   03-31 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT'S &lt;ITT>SHERATON TO ADD 34 PROPERTIES IN YEAR</TITLE>
+<DATELINE>    BOSTON, March 31 - </DATELINE><BODY>ITT Corp's Sheraton Corp subsidiary said
+during 1987 it plans to add 34 properties, down from 40 in
+1986.
+    It said revenues of owned, leased, managed and franchised
+properties in 1987 were 3.6 billion dlrs, up from 3.3 billion
+dlrs in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17639" NEWID="11578">
+<DATE>31-MAR-1987 14:37:34.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2227&#31;reute
+d f BC-TARO-VIT-INDUSTRIES-L   03-31 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TARO VIT INDUSTRIES LTD &lt;TAROF> YEAR LOSS</TITLE>
+<DATELINE>    MAMARONECK, N.Y., March 31 -
+    </DATELINE><BODY>Shr loss eight cts vs profit nil
+    Net loss 488,759 vs profit 14,289
+    Sales 6,067,676 vs 5,047,383
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17640" NEWID="11579">
+<DATE>31-MAR-1987 14:37:41.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2228&#31;reute
+h f BC-TRIBUNE-&lt;TRB>,-SCRIPP   03-31 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIBUNE &lt;TRB>, SCRIPPS &lt;SCRP> EXCHANGE PAPERS</TITLE>
+<DATELINE>    CHICAGO, March 31 - </DATELINE><BODY>Tribune Co said it exchanged cash and
+the assets of eight of its Sunbelt Publishing Co community
+publications circulated in the Naples and Fort Myers, Fla.,
+area for assets of nine community papers in suburban Tampa and
+St. Petersburg published by Gulf Coast Newspapers Inc.
+    Gulf Coast is a subsidiary of the E.W. Scripps Co (doing
+business as Scripps Howard).
+    No additional financial details were disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17641" NEWID="11580">
+<DATE>31-MAR-1987 14:37:59.14</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2230&#31;reute
+r f BC-U.S.-OFFICIAL-TO-VISI   03-31 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OFFICIAL TO VISIT JAPAN AS TRADE ROW GROWS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Undersecretary of State Michael
+Armacost will visit Tokyo next week for meetings with
+high-level officials that will include talks on the growing
+trade row over Japanese semiconductor electronics products.
+    He is the first high-level U.S. official to visit Japan
+since President Reagan announced last week plans to impose
+tariffs worth up to 30 mln dlrs on Japanese electronic goods on
+April 17 in retaliation for Tokyo's alleged failure to live up
+to a pact on microchip trade signed last September.
+    Deputy State Department spokeswoman Phyllis Oakley said the
+trip is set for April 6 to 8.
+    U.S.-Japanese talks of this kind are regularly held each
+year at this time, she told reporters.
+    The Armacost discussions with Deputy Foreign Minister
+Ryohei Murata and other senior Japanese officials will focus on
+U.S.-Japanese foreign aid programs and political security
+issues of mutual concern, she added.
+    "Although an exchange of views on bilateral relations is
+expected, the talks are not directly related to U.S.-Japanese
+trade relations," she insisted.
+    But, in response to questions, Oakley acknowledged that
+trade will be discussed.
+   Japan's 58.6 billion dlrs trade surplus with the United
+States last year has come under fire in Congress, which is
+concerned about the loss of jobs to foreign competition and
+with the record 169 billion dlrs U.S. Trade deficit in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17642" NEWID="11581">
+<DATE>31-MAR-1987 14:41:29.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2237&#31;reute
+r f BC-FORMER-&lt;GE>-MANAGERS   03-31 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER &lt;GE> MANAGERS START ELECTRONICS COMPANY</TITLE>
+<DATELINE>    LANCASTER, Pa., March 31 - </DATELINE><BODY>&lt;Cardinal Technologies Inc> said
+it spun off its former parent company, General Electric Co,
+when the company put the division up for sale.
+    Cardinal Technologies said it was started by seven former
+managers of RCA Corp's new products division after General
+Electric took over RCA. The new company said it purchased the
+assets of RCA's new product development group, and most of the
+product and manufacturing assets of the RCA display systems
+division.
+    Harold Krall, president and chief executive officer of
+Cardinal Technologies, said this is the first RCA electronics
+operations to be sold to former management since General
+Electric bought RCA last year.
+    The company said is expects first year sales to exceed six 
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17643" NEWID="11582">
+<DATE>31-MAR-1987 14:43:11.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2243&#31;reute
+d f BC-CALIFORNIA-ENERGY-&lt;CE   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA ENERGY &lt;CECI> NEGOTIATES FINANCING</TITLE>
+<DATELINE>    SANTA ROSA, Calif., March 31 - </DATELINE><BODY>California Energy Co Inc
+said it negotiated a 160 mln dlr private financing with Drexel
+Burnham Lambert Inc.
+    As part of the financing, it received a commitment letter,
+subject to standard conditions, for 133 mln dlrs of project
+financing from Credit Suisse.
+    Proceeds from the financing will be used for equipment
+procurement and construction of an 80-megawatt power plant by
+its China Lake Joint Venture, the company said. It said the
+plant will be built on a geothermal site at China Lake, Calif.,
+on property leased from the federal government.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17644" NEWID="11583">
+<DATE>31-MAR-1987 14:43:50.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2244&#31;reute
+d f BC-UNITED-TELECOM-&lt;UT>-U   03-31 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TELECOM &lt;UT> UNIT NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    KANSAS CITY, Mo., March 31 - </DATELINE><BODY>United Telecommunications Inc
+said it has named Robert Benders president and chief executive
+officer of its Megatek Corp unit.
+    Benders succeeds Paul Huber at those positions, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17645" NEWID="11584">
+<DATE>31-MAR-1987 14:44:33.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2247&#31;reute
+b f BC-******royex-offers-50   03-31 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROYEX OFFERS 50 DLRS/SHR AND 40 DLRS/WARRANT FOR INTERNATIONAL CORONA
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17646" NEWID="11585">
+<DATE>31-MAR-1987 14:45:36.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2248&#31;reute
+d f BC-STERLING-DRUG-&lt;STY>-S   03-31 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING DRUG &lt;STY> SELLS X-RAY PRODUCTS UNIT</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Sterling Drug Inc said it sold the
+assets of its Greene Dental Products Inc subsidiary to Rinn
+Corp, an Elgin, Ill., maker of dental x-ray film, supplies and
+equipment.
+    The company did not disclose the cash purchase price.
+    Greene Dental makes dental x-ray tabs, mount products and
+record systems. No indication of its size was given.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17647" NEWID="11586">
+<DATE>31-MAR-1987 14:45:47.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2249&#31;reute
+d f BC-&lt;SPECTRUM-2000-INC>-S   03-31 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SPECTRUM 2000 INC> SAYS MILITARY TESTS SYSTEM</TITLE>
+<DATELINE>    BOULDER, Colo., March 31 - </DATELINE><BODY>Spectrum 2000 Inc said the U.S.
+Army/Air Force Exchange Serivce will begin test marketing its
+Telvonic stero sound syntehsizer and has placed an initial
+order for the product for marketing atg the McChord Air Force
+Base in Washington state.
+    It said the test markjet is expected to be expanded to
+eight to 10 more base PX's and following the market test is
+expects an order to supply the product to 5,700 PX's worldwide.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17648" NEWID="11587">
+<DATE>31-MAR-1987 14:45:55.83</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2250&#31;reute
+d f BC-U.S.-CARGO-PREFERENCE   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CARGO PREFERENCE SQUABBLE CONTINUES</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The U.S. Agriculture Department said
+it will begin charging interest tomorrow on the over 12 mln
+dlrs the Department of Transportation, DOT, owes USDA to pay
+for its share of the cost of shipping food aid on U.S. vessels.
+    USDA General Sales Manager Melvin Sims told the Senate
+Appropriations Agriculture Subcommittee his department had
+billed DOT 12 mln dlrs, and that interest on that amount and an
+additional charge would begin accruing April 1.
+    USDA's Foreign Agricultural Service Administrator Thomas
+Kay told Reuters DOT could owe USDA as much as 20 mln dlrs.
+    The two departments are trying to hammer out an accord on
+how to fund the increasing share of food aid required to be
+shipped on U.S. flag vessels under a 1985 farm bill provision
+on cargo preference.
+    Sims said the agencies were near to reaching a memorandum
+of understanding governing how DOT would pay for its share of
+the cargo preference costs.
+    Under the 1985 bill, the percentage of food aid shipments
+carried on U.S. vessels was to increase gradually over three
+years to 75 pct in 1988 from 50 pct.
+    Although the increased cost was to be funded by DOT, Sims
+said that department to date has contributed no money.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17649" NEWID="11588">
+<DATE>31-MAR-1987 14:46:18.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2253&#31;reute
+d f BC-BARUCH-FOSTER-CORP-&lt;B   03-31 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARUCH-FOSTER CORP &lt;BFO> 4TH QTR LOSS</TITLE>
+<DATELINE>    DALLAS, March 31 -
+    </DATELINE><BODY>Shr loss 92 cts vs profit one ct
+    Net loss 2,487,439 vs profit 48,709
+    Revs 1,788,141 vs 4,167,070
+    Year
+    Shr loss 1.50 dlrs vs profit 48 cts
+    Net loss 4,073,724 vs profit 1,309,412
+    Revs 8,193,455 vs 15.7 mln
+    NOTE: 1986 year net includes 3,095,305 dlr writedown of oil
+properties and reserves.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17650" NEWID="11589">
+<DATE>31-MAR-1987 14:46:46.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2255&#31;reute
+d f BC-PEUGEOT-MOTORS-OFFERS   03-31 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEUGEOT MOTORS OFFERS 3.9 PCT FINANCING</TITLE>
+<DATELINE>    LYNDHURST, N.J., March 31 - </DATELINE><BODY>Peugeot Motors of America Inc
+said it is offering 3.9 pct financing on all 1987 models,
+effective April 1.
+    It said the rate applies to two-year loans.
+    Other terms are available, including 5.9 pct interest on
+three-year contracts. Peugeot cars range in price from 14,160
+dlrs for the 505 GL to 23,750 dlrs for the 505 STX V6.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17651" NEWID="11590">
+<DATE>31-MAR-1987 14:47:02.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2257&#31;reute
+r f BC-BURLINGTON-&lt;BUR>-FILE   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURLINGTON &lt;BUR> FILES TWO DEBT OFFERINGS</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Burlington Industries Inc said it
+filed with the Securities and Exchange Commission registration
+statements covering two offerings of debt securities.
+    One issue will be 100 mln dlrs of sinking fund debentures
+due 2017. Proceeds will be used for general corporate purposes,
+including the reduction of short-term borrowings, acquisitions,
+stock repurchases and capital expenditures.
+    The other offering will be 75 mln dlrs of convertible
+subordinated debentures due 2012. Proceeds will be used to
+redeem the company's outstanding 8-3/4 pct convertible
+subordinated debentures of 2008, Burlington said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17652" NEWID="11591">
+<DATE>31-MAR-1987 14:49:30.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2267&#31;reute
+d f AM-YUGOSLAVIA-DEBT   03-31 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA, WESTERN CREDITORS IN DEBT ACCORD</TITLE>
+<DATELINE>    BELGRADE, March 31 - </DATELINE><BODY>Yugoslavia has reached an agreement
+with Western creditors on refinancing a portion of its 19.7
+billion dollar hard currency debt.
+    The official Tanjug news agency said the agreement was
+reached in Paris today in talks between Yugoslav delegation
+headed by Finance Minister Svetozar Rikanovic and 16 Western
+creditor countries, but it gave no precise figures for the
+amount to be rescheduled.
+    However, before the talks began, Tanjug said the agreement
+should cover 1.6 billion dollars of debt due this year and 3.5
+billion due in 1988.
+    It said the talks with commercial bank creditors on
+realisation of the second phase of Yugoslavia's multi-year debt
+refinancing will follow in April this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17653" NEWID="11592">
+<DATE>31-MAR-1987 14:50:40.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>west-germany</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2271&#31;reute
+r f AM-COMMUNITY-FARM 1STLD  03-31 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH MINISTER ATTACKS W. GERMAN FARM POSITION</TITLE>
+<DATELINE>    BRUSSELS, March 31 - </DATELINE><BODY>Dutch Agriculture Minister Gerrit
+Braks said today the Netherlands deeply regretted West German
+opposition to radical reforms aimed at halting unwanted
+European Community (EC) food production.
+    Braks told journalists he had rounded on his West German
+counter-part Ignaz Kiechle and accused Bonn of "lacking the
+courage to tell farmers their methods were outdated" during a
+private meeting of Christian Democrat politicians on Sunday.
+    Braks said he told Kiechle: "You (Bonn) have had years to
+put your house in order and failed to do so."
+    His comments came shortly before EC ministers failed to
+reach agreement at two days of talks on prices to be paid to EC
+farmers from the start of the new crop year on April 1.
+    The ministers agreed to roll over the present year for two
+months and resume negotiations in Luxembourg next month.
+    The proposals from the EC's Brussels headquarters would
+slash guaranteed prices paid to producers and seek to peg farm
+spending at its current two-thirds share of a total budget of
+36.2 billion European Currency Units (41 billion dlrs).
+    The attack from Braks comes at a time when relations
+between the EC's Executive Commission, which has proposed the
+reform measures, and Bonn are at an all-time low.
+    The entire 17-man Commission is today visiting Bonn, once
+the most enthusiastic EC member, in an attempt to overcome
+differences largely resulting from bids to rein in out of
+control agricultural expenditure.
+    Kiechle, who yesterday denounced as totally unacceptable
+new limits on producers' rights to sell unlimited amounts of
+excess products into Community warehouses, warned the meeting
+the measures lead to political instability in his country.
+    He said they did not even form the basis of negotiation and
+stressed they were opposed by all political parties in the
+country.
+    The issue of farm reform has been pushed to the top of the
+Community's agenda by the group's protracted financial crises
+and by growing international tension over farm surpluses and
+subsidies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17654" NEWID="11593">
+<DATE>31-MAR-1987 14:51:07.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2273&#31;reute
+f f BC-******HOUSE-VOTES-TO   03-31 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HOUSE VOTES TO OVERRIDE PRESIDENT REAGAN'S VETO OF 88 BILLION DLR HIGHWAY FUNDING BILL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17655" NEWID="11594">
+<DATE>31-MAR-1987 14:51:20.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2274&#31;reute
+u f BC-IBM-&lt;IBM>-VICE-CHAIRM   03-31 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> VICE CHAIRMAN TO RETIRE</TITLE>
+<DATELINE>    ARMONK, N.Y., March 21 - </DATELINE><BODY>International Business Machines
+Corp said Paul J. Rizzo will retire as vice chairman on August
+31.
+    The company said effective immediately, Kaspar V. Cassani
+has been named an executive vice president and will assume most
+of Rizzo's responsibilities.  It said Cassani will be the
+corporate executive responsible for IBM World Trade Europe,
+Middle East, Africa Corp, IBM World Trade Americas Group, IBM
+World Trade Asia/Pacific Group and IBM's Information Systems
+Group, as well as chairm,an and president of IBM World Trade
+Corp.               
+    IBM said Cassani remains chairman of IBM World Trade
+Europe, Middle East, Africa, and a member of the IBM Corporate
+Management Group. He becomes a member of the IBM Management
+Committee.
+    The company said Jack D. Kuehler has also been named
+executive vice president and becomes the corporate executive
+responsible for the Federal Systems Division.  He continues as
+the corporate executive responsible for the Information Systems
+and Storage Group and Information Systems Technology Group, an
+IBM director and a member of the IBM Management committee and
+Corporate Management Board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17656" NEWID="11595">
+<DATE>31-MAR-1987 14:51:46.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2276&#31;reute
+f f BC-******MANUFACTURERS-H   03-31 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MANUFACTURERS HANOVER FILES FOR 822.25 MLN DLR DEBT OFFERING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17657" NEWID="11596">
+<DATE>31-MAR-1987 14:52:45.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2279&#31;reute
+b f BC-gm   03-31 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM CANADA SETS PLANT MODERNIZATION WITH 220 MLN DLRS OF GOVERNMENT AID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17658" NEWID="11597">
+<DATE>31-MAR-1987 14:53:05.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2280&#31;reute
+d f BC-GOULD-&lt;GLD>-DIVISION   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOULD &lt;GLD> DIVISION GETS FINANCING</TITLE>
+<DATELINE>    PHILADELPHIA, March 31 - </DATELINE><BODY>Gould Inc's systems protection
+division said it selected Merrill Lynch Interfunding INc to
+provide financing for the purchase of the division from the
+parent company.
+    Terms were not disclosed. The agreement was announced in
+February and Gould expects the transaction to be completed by
+the end of April.
+    The agreement assures the retention of more than 600 jobs
+at a northeast Philadelphia plant which had been in jeapardy
+when Gould had accepted a tentative offer from Westinghouse INc
+which was later terminated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17659" NEWID="11598">
+<DATE>31-MAR-1987 14:53:17.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2281&#31;reute
+d f BC-WELBILT-&lt;WELB>-COMPLE   03-31 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELBILT &lt;WELB> COMPLETES ACQUISITIONS</TITLE>
+<DATELINE>    NEW HYDE PARK, N.Y., March 31 - </DATELINE><BODY>Welbilt Corp said it
+completed the previously announced acquisitions of the assets
+of L and M Manufacturing Co and Food Machinery Engineering Co,
+two manufacturers of automated bakery production equipment
+headquartered in Toronto.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17660" NEWID="11599">
+<DATE>31-MAR-1987 14:54:32.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2283&#31;reute
+u f BC-SCHWAB-COMPLETES-PURC   03-31 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHWAB COMPLETES PURCHASE OF SCHWAB AND CO</TITLE>
+<DATELINE>    SAN FRANCISCO, March 31 - </DATELINE><BODY>Charles Schwab announced the
+completion of the 280-mln-dlr purchase from BankAmerica Co of
+Charles Schwab and Co Inc and its holding company Charles
+Schwab Corp.
+    The leveraged buyout is being financed by a syndicate of
+seven banks led by the Security Pacific National Bank unit of
+Security Pacific Corp &lt;SPC>, the announcement said.
+    Charles Schwab and Co is the nation's largest discount
+brokerage firm.
+    The Schwab announcement said BankAmerica received 175 mln
+dlrs in cash, 50 mln of 10 pct senior subordinated debentures,
+55 mln dlrs of nine pct junior subordinated debentures and the
+right to receive 15 pct of the appreciated value of the common
+equity of the new company over a maximum period of eight years.
+    Security Pacific also acquired a stock appreciation right,
+equal to 1.8 pct of the value of the new company's fully
+diluted common stock, Schwab said.
+    The right is exchangeable into warrants upon transfer to a
+Security Pacific non-affiliate, Schwab said.
+    BankAmerica originally acquired Schwab in 1983 for 57 mln
+dlrs worth of BankAmerica common stock.
+    The sale of the profitable discount brokerage firm back to
+Charles Schwab was aimed at raising capital and was seen by
+banking analysts as a means of heading off a hostile takeover
+attempt by First Interstate Bancorp &lt;I>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17661" NEWID="11600">
+<DATE>31-MAR-1987 14:56:45.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2285&#31;reute
+u f BC-ROYAL-DUTCH-&lt;RD>-OBJE   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL DUTCH &lt;RD> OBJECT OF SHAREHOLDER CAMPAIGN</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Sponsors of a campaign to pressure
+Royal Dutch Petroleum Co to suspend operations in South Africa
+claimed the backing of church groups and other institutions who
+collectively own 4.8 mln of the the company's approximately
+268.0 mln shares.
+    "We're seeking to have the company disinvest in South
+Africa - that means get out," Harrison Goldin, comptroller of
+New York City told a news conference.
+    The immediate goal of the campaign is to enlist the support
+of owners of 27 mln shares to force an unprecedented special
+meeting of shareholders, Goldin said.
+    Goldin appeared at the news conference with Gordon Smith,
+treasurer of the ministers and missionaries benefit board of
+the American Baptist Churches.
+    The 4.8 mln shares represented by the group includes four
+retirement funds covering various groups of New York City
+workers, the California State Teachers Retirement System and
+seven church-related groups.
+    Goldin said the ultimate aim of the group is to "tighten
+the noose of economic pressure on South Africa" until the
+government changes its apartheid policies.
+    A reprsentative of Shell Oil Co, the U.S. arm of Royal
+Dutch, distributed a statement after the news conference
+explaining that the company supports a program of power sharing
+by all South Africans.
+    The statement said senior officials of the company have
+stated publicly that they regard apartheid as "a system wholly
+at variance with the principles on which our group of companies
+has operated all over the world for many years."
+    Goldin said the group seeks a special meeting because the
+company has rejected efforts to have South African issues
+placed on a ballot for the annual meeting in May.
+    Goldin said the shareholders have no particular timetable
+for the special meeting. "We are dealing with an effort to
+arouse public opinion," he said, asserting that it is not
+necessary to have a majority of the votes. "Large companies
+respond when they see which way the wind is blowing."
+    An immediate goal is to get Shell to stop selling fuel to
+South Afria's military and police, he said.
+    Smith said the campaign against Shell breaks new ground in
+the cooperation of institutional investors on social issues. An
+official of the United Mine Workers outlined a previously
+announced boycott of Royal Dutch/Shell products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17662" NEWID="11601">
+<DATE>31-MAR-1987 14:57:26.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>mozambique</D><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2286&#31;reute
+r f AM-MOZAMBIQUE-BRITAIN   03-31 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN GIVES FAMINE RELIEF AID TO MOZAMBIQUE</TITLE>
+<DATELINE>    HARARE, March 31 - </DATELINE><BODY>Britain has granted Mozambique about
+eight mln sterling for food aid and emergency relief for famine
+victims, the British High Commission announced.
+    A high commission (embassy) statement said about 30,000
+tonnes of cereals worth six mln sterling would be shipped to
+Mozambique, and the first load of 20,000 tonnes was due soon.
+    Britain will give one mln sterling for other disaster
+relief programs and 1.3 mln sterling to relieve the plight of
+Mozambican refugees, it added.
+    The statement said Britain would also contribute 1.3 mln
+sterling to the U.N. Refugee agency, UNHCR, for refugees in
+neighbouring countries, and give 750,000 sterling to relief
+agencies for food transport and distribution in Mozambique. The
+British public has also raised more than one mln sterling.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17663" NEWID="11602">
+<DATE>31-MAR-1987 14:57:46.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2288&#31;reute
+u f BC-royex-makes-bid-for-i   03-31 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYEX MAKES BID FOR INTERNATIONAL CORONA</TITLE>
+<DATELINE>    TORONTO, March 31 - </DATELINE><BODY>&lt;Royex Gold Mining Corp> said it is
+making an offer for &lt;International Corona Resources Ltd> of 50
+dlrs per share and 40 dlrs per warrant.
+    The offer covers four mln Corona common shares and all
+outstanding 9.50 dlr Corona share purchase warrants expiring
+August 31, 1987, Royex said.
+    Royex said that if it gains four mln Corona common shares,
+its interest in Corona will increase to 50 pct from 38 pct. It
+also said that if more than four mln shares are tendered, it
+will pay for them on a pro rata basis.
+    Royex said the purchase price for each Corona share
+consists of one Royex convertible retractable zero coupon
+Series B first preference share at 20 dlrs nominal value, one
+Royex convertible 6-1/2 pct Series C first preference share at
+20 dlrs nominal value, one five-year 7.50 dlr Royex share
+purchase warrant and four dlrs in cash.
+    The price for each Corona warrant consists of 1.75
+convertible retractable zero coupon Series B first preference
+share at 35 dlrs nominal value and one five-year 7.50 Royex
+share purchase warrant.
+     Royex said both series of preference shares will be
+convertible into Royex common shares, initially on a basis of
+3.33 common shares for each preference share converted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17664" NEWID="11603">
+<DATE>31-MAR-1987 14:58:39.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2292&#31;reute
+u f BC-MANNY-HANNY   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURERS HANOVER &lt;MHC> FILES FOR DEBT OFFER</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Manufacturers Hanover Corp filed
+with the Securities and Exchange Commission for a shelf
+offering of up to 822.25 mln dlrs of debt securities on terms
+to be determined at the time of the sale.
+    Proceeds from the offering, which will be combined with the
+sale of another 177.75 mln dlrs of debt securities already
+registered with the SEC but unsold, will be used for general
+corporate purposes, including repayment of debt and loans or
+investments to its subsidiaries, the company said.
+    Manufacturers Hanover did not name an underwriter for the
+offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17665" NEWID="11604">
+<DATE>31-MAR-1987 14:58:49.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2293&#31;reute
+b f BC-/HOUSE-VOTES-TO-OVERR   03-31 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE VOTES TO OVERRIDE REAGAN'S BILL VETO</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The House of Representatives voted
+350 to 73 to override President Reagan's veto of an 88 billion
+dlr highway and mass transit funding bill.
+    The bill now goes to the Senate, which must also pass the
+bill by a two-thirds majority to override the veto.
+    Reagan vetoed the bill Friday, saying it was a budget
+buster and loaded with special interest projects.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17666" NEWID="11605">
+<DATE>31-MAR-1987 14:59:48.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2296&#31;reute
+u f BC-BRAZIL-BANK-STRIKE-CO   03-31 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL BANK STRIKE CONTINUES</TITLE>
+<DATELINE>    SAO PAULO, March 31 - </DATELINE><BODY>A national bank strike which began a
+week ago continued today with most of Brazil's 700,000
+bankworkers on strike, union officials said.
+    The stock markets of Sao Paulo and Rio de Janeiro were
+closed for the fifth consecutive working day.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17667" NEWID="11606">
+<DATE>31-MAR-1987 15:00:44.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2299&#31;reute
+u f BC-U.S.-TREASURY-SETS-DA   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY SETS DATE FOR NEW STRIPS MEASURE</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The Treasury said it would expand on
+May 1 its computerized program for separate trading of
+registered interest and principal securities, called STRIPS, to
+permit reconstituting of securities.
+    Reconstitution is the term used to describe reassembling a
+treasury security into a book-entry security after it has been
+separated into its principal and interest components.
+    In order to reconstitute a treasury security, a
+deposit-taking institution will have to obtain the appropriate
+principal component and all unmatured interest components, the
+Treasury said.
+    The Federal Reserve Bank of New York will act as the
+central processing site for reconstituting securities, the
+Treasury said.
+    It said reconstitution would enhance the flexibility,
+liquidity and marketability of treasury securities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17668" NEWID="11607">
+<DATE>31-MAR-1987 15:01:53.95</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2302&#31;reute
+f f BC-******U.S.-1987-CORN,   03-31 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. 1987 CORN, SOYBEAN ACREAGE ESTIMATES  CORN 67,556,000 ACRES, BEANS 56,885,000 - USDA
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17669" NEWID="11608">
+<DATE>31-MAR-1987 15:02:12.18</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2304&#31;reute
+f f BC-******U.S.-87-WINTER   03-31 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. 87 WINTER WHEAT PLANTINGS 48,195,000  ACRES, DURUM 3,137,000, OTHER SPRING 13,515,000
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17670" NEWID="11609">
+<DATE>31-MAR-1987 15:02:17.68</DATE>
+<TOPICS><D>cotton</D><D>sorghum</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2305&#31;reute
+f f BC-******U.S.-1987-COTTO   03-31 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. 1987 COTTON, SORGHUM ACRES ESTIMATED ALL COTTON 10,353,700, SORGHUM 11,844,000 USDA
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17671" NEWID="11610">
+<DATE>31-MAR-1987 15:02:23.28</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2306&#31;reute
+f f BC-grain-stocks   03-31 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USDA PUTS MARCH 1 U.S. WHEAT STOCKS AT  2,253,143,000 BU
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17672" NEWID="11611">
+<DATE>31-MAR-1987 15:02:27.31</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f2307&#31;reute
+f f BC-******U.S.-1987-SUGAR   03-31 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. 1987 SUGARBEET ACREAGE ESTIMATED BY  USDA AT 1,249,000 ACRES VS 1,232,500 IN 1986
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17673" NEWID="11612">
+<DATE>31-MAR-1987 15:02:49.09</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2310&#31;reute
+f f BC-grain-stocks   03-31 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USDA PUTS MARCH 1 U.S. CORN STOCKS AT  8,246,849,000 BU, SOYBEANS - 1,384,208,000
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17674" NEWID="11613">
+<DATE>31-MAR-1987 15:04:05.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2321&#31;reute
+r f BC-INTEGRATED-GENERICS-&lt;   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED GENERICS &lt;IGN> UNIT IN NEGOTIATIONS</TITLE>
+<DATELINE>    BELLPORT, N.Y., March 31 - </DATELINE><BODY>Intergrated Generics Inc said
+its Biopharmaceutics Inc subsidiary is in negotiations with a
+manufacturer and distributor of generic equivalents of brand
+name prescription drugs.
+    The company said a successful agreement would allow it to
+distribute chlorazepate dipotasssium, an anti-anxiety drug with
+a market potential of 80 mln dlrs.
+    Integrated said the licensor has asked for anonymity at
+this time. Finalization of the agreement is expected within two
+or three weeks, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17675" NEWID="11614">
+<DATE>31-MAR-1987 15:04:08.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2322&#31;reute
+r f BC-OVERLAND-EXPRESS-INC   03-31 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OVERLAND EXPRESS INC &lt;OVER> YEAR LOSS</TITLE>
+<DATELINE>    INDIANAPOLIS, March 31 -
+    </DATELINE><BODY>Shr loss 9.31 dlrs vs loss 1.62 dlrs
+    Net loss 16.2 mln vs loss 2,770,243
+    Revs 99.4 mln vs 96.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17676" NEWID="11615">
+<DATE>31-MAR-1987 15:04:22.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2323&#31;reute
+r f BC-TISCH-SAYS-CBS-&lt;CBS>   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TISCH SAYS CBS &lt;CBS> HAS GROWN STRONGER</TITLE>
+<DATELINE>    DALLAS, March 31 - </DATELINE><BODY>Laurence A. Tisch said CBS Inc is a
+stronger company now than when he took control six months ago.
+    Tisch, in a speech before the National Association of
+Broadcasters, said his cost-cutting efforts have made CBS a
+"better-managed company, with a stronger financial base, that
+is better prepared to deal with the challenges of the future."
+    Tisch has been criticized for his aggressive attempts to
+slash CBS' costs, especially at the company's network news
+division.
+    Earlier this month he ordered up to 200 jobs trimmed from
+CBS News, which he hopes will save at least 30 mln dlrs.
+    In his speech, Tisch said, "While this has been an
+extremely painful period at CBS and particularly for the
+individuals whose jobs have been eliminated, it has been
+necessary to deal with the changing economics of our business."
+    He added, "We have had to establish a realistic cost
+structure and assert firm control over our expenses."
+    He said the cost cutting has not compromised the quality of
+CBS programming or the creativity and professionalism of its
+staff.
+    Tisch also said he remains "firmly committed to ensuring
+that our crown jewel - the CBS News Division - maintains its
+position as the premier source of television news in America."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17677" NEWID="11616">
+<DATE>31-MAR-1987 15:05:01.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2326&#31;reute
+f f BC-farm-prices-snap   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FARM PRICES IN MARCH UNCHANGED AFTER NO CHANGE IN FEBRUARY, USDA SAID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17678" NEWID="11617">
+<DATE>31-MAR-1987 15:05:21.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2329&#31;reute
+r f BC-A.H.-ROBINS-&lt;QRAH>-FI   03-31 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A.H. ROBINS &lt;QRAH> FILES MONTHLY REPORT</TITLE>
+<DATELINE>    RICHMOND, Va., March 31 - </DATELINE><BODY>A.H. Robins Co said it filed its
+consolidated net earnings report for February, which amounted
+to 6,720,000 dlrs, compared to 4,646,000 for the comparable
+month the year prior.
+    Consolidated net earnings for the two months ended Feb 28,
+1987, amounted to 23.9 mln dlrs, compared to 15.4 mln dlrs for
+the comparable period a year earlier, it said.
+    A.H. Robbins, which is in Chapter 11, said it filed the
+report with the U.S. trustee overseeing its case.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17679" NEWID="11618">
+<DATE>31-MAR-1987 15:05:27.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2330&#31;reute
+d f BC-MEDIQ-&lt;MED>-UNIT-IN-C   03-31 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDIQ &lt;MED> UNIT IN CONTRACT</TITLE>
+<DATELINE>    PENNSAUKEN, N.J., March 31 - </DATELINE><BODY>Mediq Inc said its Computer
+Health Corp unit has contracted with the Florida State
+Employees Health Insurance Plan to provide mobile health exams
+to about 100,000 employees and their spouses.
+    Mediq also said it acquired Hexam Inc a unit of Kraft Inc
+&lt;KRA> for undisclosed terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17680" NEWID="11619">
+<DATE>31-MAR-1987 15:05:32.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2331&#31;reute
+d f BC-BUTLER-&lt;BTLR>-TO-PURC   03-31 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUTLER &lt;BTLR> TO PURCHASE NATURALITE</TITLE>
+<DATELINE>    KANSAS CITY, Mo, March 31 - </DATELINE><BODY>Butler Manufacturing Co said it
+signed a letter of intent to purchase &lt;Naturalite Inc>, a
+designer of skylights.
+    Terms were not disclosed.
+    Naturalite had sales of about 20 mln dlrs in 1986. The
+transaction is expected to be completed in May and subject to
+both boards' approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17681" NEWID="11620">
+<DATE>31-MAR-1987 15:05:37.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2332&#31;reute
+d f BC-CSAR-&lt;CSAR>-IN-TERM-L   03-31 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSAR &lt;CSAR> IN TERM LOAN AGREEMENT</TITLE>
+<DATELINE>    EDINA, Minn, March 31 - </DATELINE><BODY>Calstar INc said it entered a new
+term loan agreement with national City Bank of Minneapolis.
+    The new long term note for 1.9 mln dlrs was primarily the
+balloon portion of a 4.1 mln dlrs loan agreement signed in
+February 1985 as part of a Chapter 11 reorganization plan.
+    calstar also obtained a 500,000 dlr revolving line of
+credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17682" NEWID="11621">
+<DATE>31-MAR-1987 15:05:45.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2334&#31;reute
+d f BC-MECHTRON-INTERNATIONA   03-31 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MECHTRON INTERNATIONAL CORP &lt;MCHT> YEAR NET</TITLE>
+<DATELINE>    ORLANDO, Fla., March 31 -
+    </DATELINE><BODY>Shr three cts vs 80 cts
+    Net 46,000 vs 1,220,000
+    Revs 11.5 mln vs 13.0 mln
+    Avg shrs 1,608,000 vs 1,530,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17684" NEWID="11622">
+<DATE>31-MAR-1987 15:05:57.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2336&#31;reute
+d f BC-DEVON-RESOURCE-INVEST   03-31 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEVON RESOURCE INVESTORS &lt;DIN> YEAR END DEC 31</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 31 -
+    </DATELINE><BODY>Shr loss 14 cts vs profit 23 cts
+    Net loss 835,000 vs profit 950,000
+    Revs 8,617,000 vs 11.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17685" NEWID="11623">
+<DATE>31-MAR-1987 15:06:02.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2337&#31;reute
+h f BC-SAFETY-KLEEN-&lt;SK>-COM   03-31 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAFETY-KLEEN &lt;SK> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    ELGIN, Ill., March 31 - </DATELINE><BODY>Safety-Kleen Corp said it has
+completed the acquisition of McKesson Envirosystems Co, a unit
+of McKesson Corp &lt;MCK> for an undisclosed amount.
+    Safety-Kleen, an industrial, automotive parts cleaning
+service, said McKesson Envirosystems has solvent recycling
+plants in Illinois, Kentucky and Puerto Rico.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17686" NEWID="11624">
+<DATE>31-MAR-1987 15:08:24.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2342&#31;reute
+u f BC-GM-&lt;GM>-CANADA-SETS-Q   03-31 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> CANADA SETS QUEBEC PLANT MODERNIZATION</TITLE>
+<DATELINE>    BOISBRIAND, Quebec, March 31 - </DATELINE><BODY>General Motors of Canada
+Ltd, wholly owned by General Motors Corp, said it is planning a
+450 mln Canadian dlr retooling and modernization of its
+21-year-old Ste. Therese, Quebec, plant and has received 220
+mln dlrs in interest-free government loans for the project.
+    GM Canada said the Canadian and Quebec governments are each
+providing a 110 mln dlr loan for the upgrading.
+    The company said much of the investment will be used to
+build a paint complex, which will make the plant competitive
+with other GM plants in the U.S. and Canada.
+    The 450-mln-dlr investment includes the cost of retooling
+the plant to assemble front-wheel drive Chevrolet Celebrity
+cars, which will be produced at Ste. Therese, beginning in May,
+GM Canada said.
+    "With the new paint complex and tooling, our plant will be
+fully modernized to be world competitive," GM Canada president
+George Peapples told a news conference.
+    He said construction will begin this year on the modern
+base coat/clear coat paint complex, which will provide enhanced
+color standards and improved paint quality, he said.
+    The Canadian government said the modernization will
+guarantee continued long-term employment for about 3,500
+assembly line workers at the Ste. Therese plant and for about
+4,300 people employed in supply jobs in Ontario and Quebec.
+    "Without our participation...we faced the prospect of
+losing this plant," said Michel Cote, Canadian minister of
+regional industrial expansion.
+    Cote said he expected 3,100 new supplier jobs will be
+created by the increased production in Ste. Therese.
+    The project will transfer the company's front-wheel drive
+"A" car production to Ste. Therese from Oshawa, Ontario and
+will not increase the Ste Therese plant's capacity, GM Canada
+said.
+    It said it has produced 2.5 mln vehicles at the Ste.
+Therese plant since 1965.
+    The paint plant is expected to cost 200 to 250 mln dlrs and
+begin operation in two years, Peapples told reporters after the
+announcement.
+    The retooling included in the project had been announced in
+December but the company had not put a value on the retooling
+costs, he said.
+    Peapples estimated the interest-free loans could save GM
+Canada about 60 mln dlrs at a 10 pct interest rate.
+    He said the loans are repayable in full in 30 years if GM
+keeps the plant open. If the company closes the plant in the
+1990s, it will have to pay the federal and provincial
+governments a total 75 mln dlrs of the loan by 1991.
+    Peapples said GM Canada asked for the government loans
+because, due to an expected overcapacity in the auto industry
+in the 1990s, the company was not prepared to take the risks
+involved in the investment by itself.
+    GM Canada said the level of support offered by the
+governments is consistent with aid provided to auto assemblers
+in the U.S.
+    Peapples said the company expects very strong demand in the
+next decade for the type of mid-size, front wheel drive car
+that will be produced at Ste. Therese.
+    Cote added that GM Canada's 1985 sales of 18.5 billion dlrs
+represented four pct of Canada's gross domestic product.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17687" NEWID="11625">
+<DATE>31-MAR-1987 15:14:43.96</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2375&#31;reute
+r f BC-DOW-&lt;DOW>-AMENDS-RESI   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW &lt;DOW> AMENDS RESINS PRICE INCREASE</TITLE>
+<DATELINE>    MIDLAND, Mich., March 31 - </DATELINE><BODY>Dow Chemical Co's Thermoplastic
+Resin Department said it is amending a recent price increase
+for Magnum ABS (A) resins announced March 3 for an effective
+date of April 1.
+    Dow said that effective April 15 the selling prices for
+most grades of Magnum ABS resins for the injection molding,
+custom sheet and automotive markets will rise six cts a pound,
+instead of the three cts a pound announced previously.
+    Dow also said that the selling prices for performance
+grades of the resins to the same markets will increase eight
+cts a pound, rather than five cts as announced before.
+    The company said that Magnum ABS resins for pipe extension
+will increase three cts a pound, effective April 9, as
+previously reported.
+    Dow said it altered the increase to reflect changes in the
+industry over the past month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17688" NEWID="11626">
+<DATE>31-MAR-1987 15:18:41.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2393&#31;reute
+u f BC-BRAZIL-BANK-STRIKE-CO   03-31 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL BANK STRIKE CONTINUES INTO FIFTH DAY</TITLE>
+<DATELINE>    SAO PAULO, March 31 - </DATELINE><BODY>A national bank strike which began a
+week ago continued today with most of Brazil's 700,000
+bankworkers on strike, union officials said.
+    The stock markets of Sao Paulo and Rio de Janeiro were
+closed for the fifth consecutive working day.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17689" NEWID="11627">
+<DATE>31-MAR-1987 15:23:01.25</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2410&#31;reute
+d f BC-ECHO-BAY-HAS-NEVADA-G   03-31 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECHO BAY HAS NEVADA GOLD DISCOVERY</TITLE>
+<DATELINE>    EDMONTON, Alberta, March 31 - </DATELINE><BODY>Echo Bay Mines Ltd said it
+discovered a gold deposit in the Cove area near its McCoy gold
+mine in Nevada.
+    Echo Bay said it encountered gold in 39 of 42 drill holes
+at Cove. It said seven holes averaged 0.185 ounce gold a short
+ton and 1.8 ounces of silver, with the seven intersections
+averaging 118 feet in thickness beneath 25 feet of overburden.
+    The discovery is on the McCoy property, one mile northeast
+of the McCoy open pit, heap leach gold mine, which is expected
+to produce about 85,000 ounces of gold this year, Echo Bay
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17690" NEWID="11628">
+<DATE>31-MAR-1987 15:25:08.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2416&#31;reute
+r f BC-BOWL-AMERICA-INC-&lt;BWL   03-31 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOWL AMERICA INC &lt;BWLA> UPS PAYOUT</TITLE>
+<DATELINE>    ALEXANDRIA, Va., March 31 -
+    </DATELINE><BODY>Qtly div 11 cts vs 10 cts prior
+    Pay May 14
+    Record April 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17691" NEWID="11629">
+<DATE>31-MAR-1987 15:27:10.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2426&#31;reute
+r f BC-CONCORD-FABRICS-INC-&lt;   03-31 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONCORD FABRICS INC &lt;CIS> 2ND QTR NET</TITLE>
+<DATELINE>    NEW YORK, March 31 - 
+    </DATELINE><BODY>Shr 62 cts vs 38 cts
+    Net 1,110,484 vs 677,192
+    Revs 36.6 mln vs 31.1 mln
+    Six mths
+    Shr 92 cts vs 68 cts
+    Net 1,649,453 vs 1,211,597
+    Revs 68.2 mln vs 58.5 mln
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17692" NEWID="11630">
+<DATE>31-MAR-1987 15:27:31.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2428&#31;reute
+r f BC-AMERICAN-PACESETTER-&lt;   03-31 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN PACESETTER &lt;AEC> 4TH QTR NET</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., March 31 -
+    </DATELINE><BODY>Oper shr profit 92 cts vs loss six cts
+    Oper net profit 1,351,000 vs loss 112,000
+    Revs 22.8 mln vs 28.7 mln
+    Avg shrs 1,465,926 vs 1,968,601
+    Year
+    Oper shr profit 1.81 dlrs vs profit three cts
+    Oper net profit 2,837,000 vs profit 59,000
+    Revs 84.8 mln vs 69.9 mln
+    Avg shrs 1,569,287 vs 1,980,432
+    Note: Current qtr figures exclude gain from discontinued
+operations of 533,000 dlrs, or 37 cts per share vs loss of
+480,000 dlrs, or 24 cts per share.
+    Current year figures exclude gain from discontinued
+operations of 752,000 dlrs, or 48 cts per share vs loss of
+452,000 dlrs, or 23 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17693" NEWID="11631">
+<DATE>31-MAR-1987 15:28:34.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2434&#31;reute
+d f BC-MECHTON-INT'L-&lt;MCHT>   03-31 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MECHTON INT'L &lt;MCHT> SETS STOCK BUYBACK</TITLE>
+<DATELINE>    ORLANDO, Fla., March 31 - </DATELINE><BODY>Mechton International Corp said
+its board authorized the company to buy its outstanding stock
+in the open market at prices deemed appropriate by management.
+    No amount of shares were specified.
+    The company also said it expects 1987 results to exceed
+1986 net income of 46,000 dlrs or three cts a share. It cited
+recent acquisitions and establishment of operations in France.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17694" NEWID="11632">
+<DATE>31-MAR-1987 15:28:51.13</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2435&#31;reute
+d f BC-DEVON-&lt;DIN>-REPORTS-I   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEVON &lt;DIN> REPORTS INCREASE IN RESERVES</TITLE>
+<DATELINE>    OKLAHOMA CITY, March 31 - </DATELINE><BODY>Devon Resource Investors said as
+of January one, its estimated proven reserves increased
+by 443,000 net equivalent barrels to 32.4 billion cubic feet of
+natural gas and 660,000 barrels of oil, compared with 29.5 bcf
+of gas and 700,500 barrels of oil as of Jan one, 1986.
+    Devon said that its estimated future net revenues
+attributable to reserves is about 58 mln dlrs with a present
+value, discounted at 10 pct, of 38 mln dlrs.
+    It also said that it expects to have sufficient cash flow
+to cover its annual payout of 60 ct per unit and expand its
+drilling budget in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17695" NEWID="11633">
+<DATE>31-MAR-1987 15:31:20.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2445&#31;reute
+u f BC-CORRECTED-ELDER-BEERM   03-31 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED-ELDER-BEERMAN STORES CORP&lt;ELDR>4TH QTR</TITLE>
+<DATELINE>    DAYTON, Ohio, March 31 - </DATELINE><BODY>Feb One end
+    Oper shr 89 cts vs 1.31 dlrs
+    Oper net 3,348,000 vs 4,885,000
+    Sales 126.8 mln vs 120.1 mln
+    Year
+    Oper shr 1.67 dlrs vs 2.15 dlrs
+    Oper net 6,302,000 vs 8,013,000
+    Sales 380.9 mln vs 352.1 mln
+    NOTE: Prior year net both periods excludes gain 1,998,000
+dlrs from reversion of overfunded pension plans.
+    Corrects current year operating net.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17696" NEWID="11634">
+<DATE>31-MAR-1987 15:31:57.93</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2448&#31;reute
+u f AM-CHIPS-AMERICAN   03-31 0034</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION  - SENIOR U.S. OFFICIAL
+    In WASHINGTON story headlined "SENIOR U.S. OFFICIAL TO VISIT
+JAPAN AS TRADE ROW GROWS" please read in 2nd graf ... tariffs
+worth up to 300 mln dlrs ... correcting amount
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17697" NEWID="11635">
+<DATE>31-MAR-1987 15:32:59.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2455&#31;reute
+r f BC-GETTY-PETROLEUM-&lt;GTY>   03-31 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GETTY PETROLEUM &lt;GTY> YEAR NET</TITLE>
+<DATELINE>    PLAINVIEW, N.Y., March 31 -
+    </DATELINE><BODY>Shr 1.54 dlrs vs 1.09 dlrs
+    Qtly div four cts vs four cts prior
+    Net 17.1 mln vs 11.5 mln
+    Revs 953.2 mln vs 1.33 billion
+    Avg shrs 11.1 mln vs 10.5 mln
+    NOTE: Cash dividend payable April 21 to holders of record
+April 10. Shr figures adjusted for five pct stock dividend
+declared March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17698" NEWID="11636">
+<DATE>31-MAR-1987 15:33:07.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2456&#31;reute
+r f BC-GETTY-PETROLEUM-&lt;GTY>   03-31 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GETTY PETROLEUM &lt;GTY> SETS STOCK DIVIDEND</TITLE>
+<DATELINE>    PLAINVIEW, N.Y., March 31 - </DATELINE><BODY>Getty Petroleum Corp said its
+board declared a five pct stock dividend payable on April 21 to
+shareholders of record April 10.
+    The company also declared a regular cash dividend of four
+cts a share and reported 1986 net income rose to 17.1 mln dlrs
+from 11.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17699" NEWID="11637">
+<DATE>31-MAR-1987 15:35:20.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2467&#31;reute
+r f BC-1ST-CENTRAL-FINANCIAL   03-31 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>1ST CENTRAL FINANCIAL &lt;FCC> SEES HIGHER EARNINGS</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>First Central Financial Corp said it
+expects earnings to rise significantly in 1987 and said it is
+actively seeking an acquisition.
+    The property and casualty insurance company's chairman and
+chief executive officer, Martin J. Simon, told Reuters in an
+interview that he expects earnings of 33 cts a share in 1987
+compared with 25 cts a year ago.
+    He said, "the company currently has the sufficient momentum
+to achieve those earnings and the successful completion of
+licensing applications to operate in Pennsylvania, Delaware,
+Connecticut and Ohio should fuel our earnings."
+    The company is currently licenced to operate only in New
+York state.
+    Simon estimated that the company would earn seven cts a
+share in the first quarter compared to three cts in the same
+quarter a year ago, and eight cts a share in the second quarter
+compared to five cts earned in 1986. He expects the company to
+earn nine cts a share for each of the final two quarters of
+1987.
+    In addition, Simon said, First Central Financial "is
+actively looking for, and has several acquisition brokers
+looking for a small life insurance company to acquire."
+    He said the acquisition should be in the 10 mln dlr range
+and will be part of a strategy of expanding the company into a
+"wide spectrum of insurance services." No specific company has
+been targeted as yet, "but I would like to make my first
+acquisition in 1987," he said.
+    He said First Central Financial would not itself be an easy
+takeover target. It wants to remain independent, he said, and
+has implemented a staggered board of directors system. In
+addition, Simon, the company's biggest shareholder, holds about
+960,000 of the 6.2 mln ouitstanding shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17700" NEWID="11638">
+<DATE>31-MAR-1987 15:36:46.31</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2472&#31;reute
+r f BC-ECHO-BAY-&lt;ECO>-HAS-NE   03-31 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECHO BAY &lt;ECO> HAS NEVADA GOLD DISCOVERY</TITLE>
+<DATELINE>    EDMONTON, Alberta, March 31 - </DATELINE><BODY>Echo Bay Mines Ltd said it
+discovered a gold deposit in the Cove area near its McCoy gold
+mine in Nevada.
+    Echo Bay said it encountered gold in 39 of 42 drill holes
+at Cove. It said seven holes averaged 0.185 ounce gold a short
+ton and 1.8 ounces of silver, with the seven intersections
+averaging 118 feet in thickness beneath 25 feet of overburden.
+    The discovery is on the McCoy property, one mile northeast
+of the McCoy open pit, heap leach gold mine, which is expected
+to produce about 85,000 ounces of gold this year, Echo Bay
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17701" NEWID="11639">
+<DATE>31-MAR-1987 15:39:57.90</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f2485&#31;reute
+r f BC-imperial-oil-in-talks   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMPERIAL OIL &lt;IMO.A> IN TALKS WITH SUPPLIERS</TITLE>
+<DATELINE>    TORONTO, March 31 - </DATELINE><BODY>Imperial Oil Ltd, 70 pct-owned by Exxon
+Corp &lt;XON>, is negotiating with it major crude oil suppliers
+concerning the effects of a trial deregulation of Alberta's
+shut-in crude oil production, scheduled to be implemented on
+June 1, a company spokesman said.
+    "From our point of view, it's a question of entering into
+negotiations or discussions to make appropriate changes to
+contracts to reflect the changes that are going to take place
+on June 1," spokesman John Cote told Reuters in reply to a
+query.
+    Commenting on published reports that Imperial had suspended
+its oil supply contracts, Cote said: "It's not a question of
+cancelling or suspending any of the agreements at this point."
+    On June 1, Alberta's Energy Resources Conservation Board
+will lift its crude oil marketing prorationing system,
+regulating shut-in light and medium crude production, on a
+trial basis to the end of 1987.
+    Under the new system, producers and refiners will be
+allowed to negotiate volumes of shut-in oil to be delivered
+under purchase contracts.
+    Shut-in crude is the surplus between the total amount of
+oil being produced and the amount being purchased by refiners.
+    "We have talked to a number of our major suppliers, and
+we've discussed the upcoming change with them, but nothing has
+been finalized," Imperial's manager of western crude supply Gary
+Strong said.
+    Under Alberta's trial system, Imperial wants to match a
+reasonable supply of crude against the company's forecast
+demand for its refineries, Strong said.
+    "We have to know what they have and how that relates to what
+we need in total," he said.
+    Strong said figures on the amount of crude production
+Imperial purchases from outside suppliers were not immediately
+available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17702" NEWID="11640">
+<DATE>31-MAR-1987 15:42:07.86</DATE>
+<TOPICS><D>grain</D><D>rice</D><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T L
+&#22;&#22;&#1;f2492&#31;reute
+d f BC-USDA-AGAIN-EXTENDS-FA   03-31 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA AGAIN EXTENDS FARM OPERATING PLAN DEADLINE</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The U.S. Agriculture Department said
+it has extended until April 17 the date by which Agricultural
+Stabilization and Conservation county offices must determine
+eligibility of individuals or other entities for payments under
+1987 farm programs.
+    Jerome Sitter, director of ASCS's Cotton, Grain and Rice
+Price Support Division, said the decision meant farmers have
+until April 17 to file a farm operating plan indicating how
+many persons would be involved in their farming operations.
+    Earlier this year USDA extended the deadline to April 1
+from March 1, Sitter said.
+    ASCA Administrator Milton Hertz said in a statement that
+the extension was necessary because of heavy workloads at
+county ASCS offices.
+    Hertz said ASCS county officials "have had to make a large
+number of eligibility determinations for individuals and other
+entities, such as corporations and partnerships, in preparation
+for imposing the 50,000-dlr-per-entity cap."
+    "These offices already had a very heavy workload due to the
+large number of applications for both the 1987 farm programs
+and the Conservation Reserve Program," Hertz said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17703" NEWID="11641">
+<DATE>31-MAR-1987 15:43:26.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2500&#31;reute
+r f BC-CONCORD-FABRICS-&lt;CIS>   03-31 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONCORD FABRICS &lt;CIS> RESTRUCTURING DEBT</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Concord Fabrics Inc said it has
+restructered its long-term debt with an institutional lender.
+    The company said it extended its debt by borrowing 15 mln
+dlrs and paying off its existing term loan of 3,100,000 dlrs,
+resulting in a new debt of 11.9 mln dlrs.
+    The company said the remaining funds will be used to equip
+a prooduction facility in Chino, Calif., and provide working
+capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17704" NEWID="11642">
+<DATE>31-MAR-1987 15:52:02.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2527&#31;reute
+u f BC-LUCKY-&lt;LKS>-SPINOFF-G   03-31 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUCKY &lt;LKS> SPINOFF GETS FAVORABLE TAX RULING</TITLE>
+<DATELINE>    DUBLIN, Calif., March 31 - </DATELINE><BODY>Lucky Stores Inc said its
+planned distribution of Hancock Fabrics shares to Lucky
+stockholders will qualify as a tax-free spinoff under the
+Internal Revenue Code.
+    The company also said it still must wait for completion of
+a pending Securities and Exchange Commission review of an
+information statement related to the spinoff before it can
+carry out the transaction.
+    Subject to completion of the review, it expects to make the
+distribution in early May, Lucky Stores also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17705" NEWID="11643">
+<DATE>31-MAR-1987 15:52:56.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2529&#31;reute
+r f BC-HARVARD-INDUSTRIES-&lt;H   03-31 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARVARD INDUSTRIES &lt;HAVA> ANNOUNCES STOCK SPLIT</TITLE>
+<DATELINE>    ST. LOUIS, March 31 - </DATELINE><BODY>Harvard Industries Inc said its board
+approved a two-for-one stock split in the form of a special
+stock dividend of its outstanding common stock.
+    The special dividend is payable May 28, 1987, to
+stockholders of record April 24, 1987.
+    The split will be effected by one additional share for each
+common share held, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17706" NEWID="11644">
+<DATE>31-MAR-1987 15:53:05.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2530&#31;reute
+d f BC-OVERLAND-EXPRESS-INC   03-31 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OVERLAND EXPRESS INC &lt;OVER> YEAR LOSS</TITLE>
+<DATELINE>    INDIANAPOLIS, March 31 -
+    </DATELINE><BODY>Shr loss 9.31 dlrs vs loss 1.62 dlrs
+    Net loss 16.2 mln vs loss 2.8 mln
+    Revs 99.4 mln vs 96.5 mln
+    NOTE: 1986 includes loss of 3.9 mln dlrs from
+restructuring.
+    NOTE: loss 1986 includes 3.9 mln dlrs for restructuring
+costs associated with disposal of property.
+    Loss also includes the sale-at-a-loss of the company's
+aircraft.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17707" NEWID="11645">
+<DATE>31-MAR-1987 15:53:19.92</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2531&#31;reute
+u f BC-USDA-ACCEPTS-BID-FOR   03-31 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ACCEPTS BID FOR BONUS WHEAT TO ALGERIA</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The U.S. Agriculture Department said
+it had accepted a bid for an export bonus to cover a sale of
+durum wheat to Algeria.
+    USDA General Sales Manager Melvin Sims said the Commodity
+Credit Corp accepted one bid from Cam USA Inc on a sale of
+18,000 tonnes of durum wheat.
+    Sims said the bonus was 42.44 dlrs per tonne and shipment
+was scheduled for June 20-30, 1987.
+    An additional 246,000 tonnes of durum wheat are still
+available to Algeria under the export enhancement program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17708" NEWID="11646">
+<DATE>31-MAR-1987 15:53:26.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2532&#31;reute
+h f BC-INTERNATIONAL-PROTEIN   03-31 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL PROTEINS &lt;PRO> REPLACES CREDIT</TITLE>
+<DATELINE>    FAIRFIELD, N.J., March 31 - </DATELINE><BODY>International Proteins Corp
+said it replaced its existing credit line with a new 10 mln dlr
+facility consisting of a three mln dlr term loan and a
+revolving credit line provided by Citicorp &lt;CCI>.
+    The company said the new credit line significantly improves
+the company's working capital position and provides the company
+with additional funds to finance growth of its domestic
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17709" NEWID="11647">
+<DATE>31-MAR-1987 15:54:10.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2536&#31;reute
+r f BC-U.S.-SENATE-BILL-SEEN   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE BILL SEEN HAMPERING FOREIGN BANKS</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>The recently passed Senate bank bill,
+which called for a one-year freeze on new bank services and
+barred the creation of limited service banks, could hamper
+foreign banks' operations here, said Lawrence Uhlick, incoming
+executive director of the Institute of Foreign Bankers Inc.
+    "The language is very unclear and very troublesome," he
+told a press briefing.
+    He said the institute, which represents 230 international
+banks operating in the U.S., would lobby for changes in the
+final version of the bank bill, which still has to go through
+the House and the conference process before becoming law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17710" NEWID="11648">
+<DATE>31-MAR-1987 15:54:17.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2537&#31;reute
+d f BC-BANNER-&lt;BNR>-DISPUTE   03-31 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANNER &lt;BNR> DISPUTE MUST GO TO ARBITRATION</TITLE>
+<DATELINE>    CLEVELAND, March 31 - </DATELINE><BODY>Banner Industries Inc said a judge of
+the U.S. District Court in Chicago ruled that Banner must
+resolve its pension fund dispute in arbitration rather than in
+federal court.
+    The court's ruling stems from a lawsuit Banner filed in
+federal court last May seeking a ruling that it is not liable
+to the Central States Fund for about 20 mln dlrs in pension
+withdrawal liability payments.
+    Banner said the district court reserved ruling on whether
+it must pay about five mln dlrs that the Central Fund claims is
+owed in back-due interim payments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17711" NEWID="11649">
+<DATE>31-MAR-1987 15:54:49.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2538&#31;reute
+d f BC-ARTRA-GROUP-INC-&lt;ATA>   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARTRA GROUP INC &lt;ATA> 4TH QTR OPER LOSS</TITLE>
+<DATELINE>    NORTHFIELD, Ill., March 31 -
+    </DATELINE><BODY>Oper shr loss 1.60 dlrs vs loss 1.17 dlrs
+    Oper net loss 4,261,000 vs loss 2,816,000
+    Revs 28.9 mln vs 11.7 mln
+    Avg shrs 2,817,616 vs 2,685,592
+    Year
+    Oper shr profit 23 cts vs loss 1.10 dlrs
+    Oper net profit 863,000 vs loss 2,390,000
+    Revs 85.9 mln vs 60.4 mln
+    Avg shrs 2,754,258 vs 2,541,967
+    NOTE: Excludes loss of 1.9 mln dlrs vs loss 3.5 mln dlrs in
+qtr and gain 46,000 dlrs vs loss 3.9 mln dlrs in year from
+discontinued operations.
+    Also excludes loss of 1.7 mln dlrs in current qtr from
+reversal of tax loss carryforwards.
+    Includes gain of 6.6 mln dlrs in current year from purchase
+of Envirodyne Industries Inc shares and charge of 1.4 mln dlrs
+in current qtr from research and development costs.
+    1986 both periods includes operations of Sargent-Welch
+Scientific Co, acquired on Nov 30, 1986 and interest in
+Rosecraft Inc since June 4 and Lawrence Jewelry Corp since Oct
+22.
+    1985 both periods includes interest in R.N. Koch Inc since
+Feb 8, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17712" NEWID="11650">
+<DATE>31-MAR-1987 15:55:15.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2539&#31;reute
+r f BC-INTERNATIONAL-MINERAL   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL MINERALS &lt;IGL> OFFERS PREFERRED</TITLE>
+<DATELINE>    NORTHBROOK, ILL., March 31 - </DATELINE><BODY>International Minerals and
+Chemical Corp said it is offering 1,500,000 shares of 3.25 dlr
+Convertible Exchangeable Preferred Stock, Series B.
+    It said each share of Series B Preferred will be
+convertible at any time at the holder's option into the 1.266
+shares of the company's common and will be exchangeable at the
+company's option on any dividend payment date beginning April
+15, 1990 for 6-1/2 pct convertible subordinated debentures due
+2017.
+    The offering is through Merrill Lynch Capital Markets,
+Lazard Freres and Co and Shearson Lehman Brothers Inc.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17713" NEWID="11651">
+<DATE>31-MAR-1987 15:56:17.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2544&#31;reute
+d f BC-DUCOMMUN-&lt;DCO>-PRESID   03-31 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUCOMMUN &lt;DCO> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    CYPRESS, Calif., March 31 - </DATELINE><BODY>Ducommun Inc said W. Donald
+Bell resigned as president and a director of the company and
+president of Kierulff, Ducommun's largest division.
+    Chairman Wallace Booth will re-assume the duties of
+president, a role he relinquished in 1985, the company also
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17714" NEWID="11652">
+<DATE>31-MAR-1987 15:56:34.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2546&#31;reute
+r f BC-HOME-SHOPPING-&lt;HSN>-A   03-31 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SHOPPING &lt;HSN> AFFIRMED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed Home Shopping Network Inc's 350 mln dlrs of Ba-3
+senior notes and B-2 convertible subordinated Eurodebentures.
+    Moody's said Home Shopping leads the shop-at-home industry
+and is profitable, but noted that a newly emerging industry is
+associated with risk. A proposed 300 mln dlr debt offering will
+increase leverage, though proceeds will be used to redeem high
+interest cost debt.
+     It also cited Home's plans to expand its customer base,
+product line and pending plans to acquire Baltimore Federal
+Financial FSA as factors that would increase financial risk.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17715" NEWID="11653">
+<DATE>31-MAR-1987 15:57:45.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2549&#31;reute
+d f BC-CHRYSLER&lt;C>-RESUMES-P   03-31 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER&lt;C> RESUMES PRODUCTION AT FENTON PLANT</TITLE>
+<DATELINE>    DETROIT, March 31 - </DATELINE><BODY>Chrysler Corp said its St. Louis
+assembly plant Number Two (Fenton, Mo.) has begun production of
+the Dodge Grand Caravan and Plymouth Grand Voyager minivans.
+    It said the plant recently underwent a 16-week 370 mln dlr
+conversion.
+    With two plants - Windsor and St. Louis Number Two -
+Chrysler said it now has the capability of annually producing
+more than 370,000 minivans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17716" NEWID="11654">
+<DATE>31-MAR-1987 15:59:15.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2552&#31;reute
+r f BC-GM-&lt;GM>-LABOR-STRIFE   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> LABOR STRIFE PRECURSOR TO TOUGH TALKS</TITLE>
+<AUTHOR>    By Scott Williams, Reuter</AUTHOR>
+<DATELINE>    DETROIT, March 31 - </DATELINE><BODY>General Motors Corp's relationship with
+its hourly employees has turned ugly, and security analysts say
+the discord forebodes tough talks this fall on a new national
+labor contract at General Motors.
+    General Motors' dealings with the United Auto Workers,
+marred in recent months by strikes and a contract rejections,
+shows few signs of improving as it tries to regain the lead
+from Ford Motor Co &lt;F> as the richest U.S. auto company.
+    Analysts say the automaker might have to endure a major
+strike this fall before the situation is resolved.
+    "There is a lot of tension between the workers and GM,"
+says Michael Luckey, analyst with Shearson Lehman Brothers.
+    Last week's four-day walkout by 9,000 UAW workers at
+Pontiac, Mich., follows longer strikes at two General Motors
+parts plants in the past year and rejection of proposed
+contracts at other facilities.
+    Analysts say the Pontiac strike will not be the last to hit
+the company.
+    Other plant strikes are likely, and chances are high that
+the UAW will call a company-wide walkout against GM this fall,
+says Luckey.
+    "There is a good chance there will be a strike," says
+Salomon Brothers analyst Jean-Claude Gruet.
+    "GM is acting as if they would welcome a strike," said Ron
+Glantz, analyst with Montgomery Securities.
+    "It has been my experience the UAW strikes people they
+don't like. They don't like GM," says Glantz.
+    General Motors might also be faced with wildcat strikes, or
+walkouts by local union units that are not endorsed by the
+union's central committee, analysts said.
+    General Motors will not comment on the talks, saying only
+it is seeking to become a "world-class competitor."
+    Elements for a tough set of labor talks are in place.
+"There is a lot of pressure on both sides. (General Motors
+chairman Roger) Smith is under pressure from stockholders. The
+union is fighting to protect its members. Something has got to
+give," Luckey says.
+    The consensus on Wall Street is that General Motors will be
+chosen as the "strike target", or the main company with which
+it will negotiate in the fall talks to decide the next
+three-year national contract.
+    "You get a feeling from talking with GM that they want to
+be the strike target because (they feel) Ford might capitulate
+too easily," says Glantz.
+    The negotiations, expected to begin in late July, will
+decide the major wage, benefit and job security issues that
+will cover most U.S. autoworkers. The current contract expires
+September 15.
+    Job security and "outsourcing", the  subcontracting of jobs
+to non-UAW labor, are expected to be the main issues.
+    "You're going to see a rough set of negotiations,
+particularly if they can't get the outsourcing issue decided,"
+says one former General Motors human relations executive.
+    Some analysts point out that if the UAW decides to focus on
+wages, it might pick Ford as the strike target because of
+Ford's higher earnings last year.
+    "You may see a situation where the UAW bargains with the
+two separately," breaking its historical pattern, says Luckey.
+    The number of cars building up in dealer showrooms might
+indicate General Motors is preparing for a confrontation with
+the union, analysts say.
+    The company will have 95 days' supply of cars in dealer
+showrooms at the end of March, Lucky estimates. Analysts say 50
+to 65-days' supply is normal.
+   General Motors wants to enter the negotiations "with enough
+inventory that it won't feel a six-week strike," says Glantz.
+    Some in the industry say that, despite the closing of 11
+plants and indefinite layoff of 37,000 workers, further
+closings and layoffs might be coming.
+    A General Motors spokesman says it is "too early" to know
+whether plant closures will become an issue in the talks.
+    The former General Motors executive says more closures are
+likely after a new UAW agreement is reached, but he adds,
+"you're not going to see it before the contract," he says.
+    Lucky says 10 pct of General Motors's components plants are
+on the "red list" of companies likely to be shut. "It would
+take a miracle for them to survive," he says.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17717" NEWID="11655">
+<DATE>31-MAR-1987 16:01:31.98</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2555&#31;reute
+u f BC-CCC-CREDITS-FOR-MEXIC   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC CREDITS FOR MEXICO SWITCHED TO WHEAT--USDA</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has switched 10 mln dlrs in credit guarantees to Mexico
+to cover purchases of U.S. wheat, the U.S. Agriculture
+Department said.
+    The credit guarantees were previously earmarked for sales
+of U.S. dry edible beans and rice, it said.
+    The action reduces the guarantee lines previously
+authorized of dry edible beans to by five mln dlrs to 45 mln
+dlrs and for rice from five mln to zero and increases coverage
+for wheat sales from five mln to 15 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17718" NEWID="11656">
+<DATE>31-MAR-1987 16:02:07.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2558&#31;reute
+u f BC-TREASURY-BALANCES-AT   03-31 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED ROSE ON MARCH 30</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve rose on March 30 to 3.254 billion dlrs from 2.424
+billion dlrs on the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts fell to 7.291
+billion dlrs from 9.706 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 10.544
+billion dlrs on March 30 compared with 12.131 billion dlrs on
+March 27.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17719" NEWID="11657">
+<DATE>31-MAR-1987 16:04:29.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2571&#31;reute
+d f BC-ALLIED-SIGNAL-&lt;ALD>-C   03-31 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL &lt;ALD> COMPLETES UNIT SALE</TITLE>
+<DATELINE>    MORRIS TOWNSHIP, N.J., March 31 - </DATELINE><BODY>Allied-Signal Inc said it
+completed the previously announced sale of its Linotype Group
+to Commerzbank AG of West Germany.
+    The purchase price was not disclosed.
+    Eschborn, West Germany-based Linotype had 1986 sales of
+more than 200 mln dlrs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17720" NEWID="11658">
+<DATE>31-MAR-1987 16:05:10.51</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>sprinkel</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2572&#31;reute
+d f BC-U.S.-OFFICIAL-SEES-EV   03-31 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OFFICIAL SEES EVIDENCE OF EXPORT GROWTH</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Beryl Sprinkel, chairman of the
+White House Council of Economic Advisers, said he sees "growing
+but incomplete evidence that (U.S.) export volumes are finally
+strengthening."
+    In remarks prepared for a speech today in Los Angeles,
+Sprinkel said the decline in the dollar's value since 1985 had
+"largely" restored U.S. cost competitiveness in world markets and
+appeared to signal an end to U.S. trade imbalances.
+    "I am confident that further improvements in our trade
+performance will contribute significantly to U.S. growth in
+1987," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17721" NEWID="11659">
+<DATE>31-MAR-1987 16:06:25.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2574&#31;reute
+u f AM-WARNER   03-31 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THIRD OFFICIAL SENTENCED IN THRIFT COLLAPSE</TITLE>
+<DATELINE>    CINCINNATI, March 31 - </DATELINE><BODY>A third former official of the Home
+State Savings Bank was ordered sent to prison for his part in
+the bank's 1985 collapse.
+    Burton Bongard, 46, was sentenced to 15 years in prison,
+five years of which were suspended, and ordered to pay 114 MLN
+dlrs in restitution for mishandling the bank's money. He was
+also ordered to pay 800,000 dlrs in court costs.
+    Bongard quit as Home State president 10 months before the
+bank collapsed after suffering more than 143 mln dlrs in
+losses.
+   
+    Bongard, a second former president and the bank's owner
+were charged with 82 counts of misapplying the bank's funds by
+transferring them to ESM Government Securities Inc., of Florida
+without the authorization of the bank's board.
+    ESM folded in March of 1985, taking its biggest investor,
+Home State, along with it.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17722" NEWID="11660">
+<DATE>31-MAR-1987 16:07:20.97</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2576&#31;reute
+b f BC-******CITIBANK-SAYS-I   03-31 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CITIBANK SAYS IT RAISES BASE RATE TO 7-3/4 PCT FROM 7-1/2 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17723" NEWID="11661">
+<DATE>31-MAR-1987 16:07:51.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2577&#31;reute
+u f BC-GAF-&lt;GAF>-PLANS-NO-CH   03-31 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAF &lt;GAF> PLANS NO CHANGES IF OFFER ACCEPTED</TITLE>
+<DATELINE>    HOUSTON, March 31 - </DATELINE><BODY>GAF Corp chairman Samuel Heyman told
+Reuters he did not foresee major changes in Borg-Warner &lt;BOR>
+if GAF's 46 dlr-per-share offer to acquire Borg-Warner is
+successful.
+    "We have great respect for Borg-Warner mangagement," Heyman
+said, following a speech at the American Institute of Chemical
+Engineers annual meeting. "We don't have any particular changes
+in mind."
+    Earlier today, GAF announced that a 3.16-billion-dlr-offer
+was presented to the board of directors of the Chicago-based
+company.
+    Last week, GAF had purchased additional shares of the
+company for 40-1/8 dlrs, increasing its stake in Borg-Warner to
+19.9 pct.
+    In 1985, GAF made an unsuccessful effort to acquire Union
+Carbide Corp for five billion dlrs, and has since expressed an
+interest in acquiring a chemical company that would complement
+its own chemical business.
+    When asked whether GAF would consider selling the
+non-chemical assets of Borg-Warner if its takeover offer is
+accepted, Heyman declined to comment.
+    He also refused to say whether GAF would consider
+increasing its the dollar value of its takeover offer if the
+initial proposal is rejected.
+    Heyman emphasized that he considered the GAF offer to
+Borg-Warner to be a friendly one.
+    "We think we made a fair offer that is good for Borg-Warner
+management and good for its shareholders," Heyman said.
+     In his speech, Heyman said he feared too many chemical
+companies were attempting to specialize in the same high margin
+niche products.
+    He said they were turning their backs on core commodity
+chemical businesses. 
+    Heyman said the chemical industry has taken a total of
+seven billion dlrs in pre-tax writeoffs during the past two
+years to trim balance sheets.
+    He predicted that the U.S. chemical industry, which
+reported a total of 13 billion dlrs in 1986 profits, would see
+a 20 pct gain in earnings this year because of increasing
+exports, cheaper feedstock costs and the weakened U.S. dlr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17724" NEWID="11662">
+<DATE>31-MAR-1987 16:10:17.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2579&#31;reute
+b f BC-******RAYTHEON-GETS-3   03-31 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RAYTHEON GETS 3.5 BILLION DLR PATRIOT MISSILE CONTRACT, ARMY SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17725" NEWID="11663">
+<DATE>31-MAR-1987 16:12:32.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2581&#31;reute
+u f BC-TRANSWORLD-LIQUIDATIN   03-31 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSWORLD LIQUIDATING &lt;TWT> TO DISTRIBUTE</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Transworld Corp Liquidating Trust said
+it expects to make an initial distribution to beneficiaries
+valued at 20.10 dlrs per unit from the proceeds of the sale of
+Hilton International Co.
+    The value of the distribution assumes yesterday's closing
+price of UAL's common stock of 56.50 dlrs per share.
+    Earlier, UAL announced that it completed the purchase of
+Hilton International Co for 835.7 mln dlrs in cash and 2.5 mln
+shares of UAL Inc common stock.
+    Total value of the sale is about 977.2 mln dlrs, Transworld
+said.
+    Pursuant to the sale, UAL exercised its option to
+substitute cash for 200 mln dlrs of debentures and 55,493
+shares of common stock, Transworld Liquidating said.
+    Each unit of beneficial interest in the trust will be
+allocated 0.051675 shares of UAL common stock.
+    The aggregate value of the distribution is 975.8 mln dlrs.
+The balance of the cash in the trust will be held by the Trust
+until April 29 and will be used to satisfy all ouststanding
+liabilities and obligations of the trust.
+    After satisfaction of its liabilities and obligations, the
+trust would make a second distribution to its beneficiaries of
+any remaining cash on or about April 29.
+    Trading in the beneficial interests, which are listed on
+the New York Stock Exchange, will cease after today. In order
+to receive the distribution, beneficiaries must surrender the
+certificates representing their beneficial interests.
+    The trust was formed at year end 1986 to facilitate the
+sale of Hilton International.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17726" NEWID="11664">
+<DATE>31-MAR-1987 16:12:42.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2582&#31;reute
+h f BC-MOBILE-AMERICA-CORP-&lt;   03-31 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBILE AMERICA CORP &lt;MAME> YEAR END DEC 31</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., March 31 -
+    </DATELINE><BODY>Shr 2.25 dlrs vs 1.35 dlr
+    Net 1,199,791 vs 724,755
+    Revs 11.7 mln vs 9,105,952
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17727" NEWID="11665">
+<DATE>31-MAR-1987 16:12:50.65</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2583&#31;reute
+u f AM-HOUSING   03-31 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE PASSES HOUSING BILL</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The Senate passed a two year
+extension of federal housing programs, including 15 billion
+dlrs for lower income housing assistance over two years. The
+vote was 71 to 27.
+    Total value of the bill was estimated at 31 billion dlrs.
+The bill permanently extended the authorization for Federal
+Housing Authority mortgage insurnce.
+    The bill also extended the urban development grant program,
+the national flood insurance act, the rural housing program as 
+well as several other housing programs. The bill now goes to
+the House.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17728" NEWID="11666">
+<DATE>31-MAR-1987 16:13:57.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2585&#31;reute
+u f BC-INTERNATIONAL-DAIRY-Q   03-31 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL DAIRY QUEEN &lt;INDQA> 1ST QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, March 31 - </DATELINE><BODY>Ended February 28.
+    Shr 18 cts vs 13 cts
+    Net 1,706,601 vs 1,226,609
+    Rev 42.7 mln vs 36.3 mln
+    Avg shares 9,695,444 vs 9,537,043
+    NOTE: Company's full name is International Dairy Queen Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17729" NEWID="11667">
+<DATE>31-MAR-1987 16:15:08.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2587&#31;reute
+r f BC-DE-TOMASO-INDUSTRIES   03-31 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DE TOMASO INDUSTRIES INC &lt;DTOM> YEAR NET</TITLE>
+<DATELINE>    RED BANK, N.J., March 31 -
+    </DATELINE><BODY>Shr 2.90 dlrs vs 1.44 dlrs
+    Net 8,862,000 vs 4,391,000
+    Revs 221.6 mln vs 265.3 mln
+    NOTE: Translated from Italian lire in U.S. dollar
+equivalents at the exchange rate prevailing at Dec 31, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17730" NEWID="11668">
+<DATE>31-MAR-1987 16:15:10.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2588&#31;reute
+b f BC-******COLEMAN-CO-SEES   03-31 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COLEMAN SEES 23 CTS A SHR 1ST QTR CHARGE FROM HEAT EXCHANGER REPLACEMENT PROGRAM 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17731" NEWID="11669">
+<DATE>31-MAR-1987 16:15:24.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2589&#31;reute
+u f BC-GAO-STUDY-SOUGHT-ON-F   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAO STUDY SOUGHT ON FSLIC-FDIC MERGER</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>House Banking committee chairman
+Fernand St Germain, D-R.I., said he would ask the General
+Accounting Office to make a study of the feasibility of merging
+the Federal Deposit Insurance Corp and the Federal Savings and
+Loan Insurance Corp.
+    St Germain made the comment during subcommittee action on a
+bill to authorize 25 billion dlrs in refinancing for the FSLIC,
+which says it needs more money to close financially troubled
+thrift institutions.
+    The General Accounting Office is the investigating agency
+of Congress.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17732" NEWID="11670">
+<DATE>31-MAR-1987 16:17:20.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2595&#31;reute
+r f BC-CONTROL-DATA-&lt;CDA>-UN   03-31 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTROL DATA &lt;CDA> UNIT SELLS FIVE-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Commercial Credit Co, a unit of
+Control Data Corp, is raising 150 mln dlrs through an offering
+of notes due 1992 with an eight pct coupon and par pricing,
+said lead manager First Boston Corp.
+    That is 97 basis points more than the yield of comparable
+Treasury securities. Non-callable to maturity, the issue is
+rated Baa-2 by Moody's and BBB-plus by Standard and Poor's.
+    Morgan Stanley and Shearson Lehman co-managed the deal.
+    On January 9 the company sold 100 mln dlrs of same-rated,
+same-maturity notes yielding 7-3/4 pct, or 115 basis points
+over Treasuries, via a Shearson Lehman-led syndicate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17733" NEWID="11671">
+<DATE>31-MAR-1987 16:17:40.16</DATE>
+<TOPICS><D>veg-oil</D><D>grain</D><D>wheat</D><D>cotton</D></TOPICS>
+<PLACES><D>usa</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2596&#31;reute
+u f BC-U.S.-CREDITS-FOR-ECUA   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDITS FOR ECUADOR SWITCHED TO VEG OIL</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) switched five mln dlrs in credit guarantees to Ecuador to
+provide for more sales of U.S. vegetable oil, the U.S.
+Agriculture Department said.
+    The credit guarantees were previously earmarked for sales
+of U.S. cotton, feedgrains and wheat.
+    The action reduces the guarantee lines previously
+authorized for sales of cotton from 1.5 mln dlrs to 500,000
+dlrs, for feedgrains from four mln to two mln and for wheat
+from 45 mln dlrs to 43 mln dlrs and increases coverage for
+vegetable oil sales from two mln to seven mln dlrs, the
+department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17734" NEWID="11672">
+<DATE>31-MAR-1987 16:17:52.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2597&#31;reute
+b f BC-RAYTHEON-&lt;RTN>-GETS-3   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYTHEON &lt;RTN> GETS 3.5 BILLION DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Raytheon Co has been awarded a 3.53
+billion dlr military procurement contract for Patriot
+air-defense missiles, the Army said.
+    The contract is for five years and was awarded to the
+company's Missiles Systems Division at Andover, Mass.
+    The first annual increment will be for 948.8 mln dlrs for
+810 missiles. The Army said that the firm will produce 4,491
+missiles and 45 firing units during the life of the contract.
+    The Army said that the multi-year contract would result in
+savings in excess of 12 pct over the continued award of annual
+contracts.
+    Raytheon, in a separate release, said its Missile Systems
+Division is prime contractor for the Patriot air-defense
+system. Martin Marietta Corp &lt;ML> is a major subcontractor
+along with Raytheon's Equipment Division.
+    The company also said more than 4500 vendors and
+subcontrators in 34 U.S. states, the Netherlands and West
+Germany are participating in the contract.
+    The company said the agreement will generate cost savings
+thorugh volume purchase discounts and efficient manufacturing.
+"The contract will stabilize the production work forces at
+Raytheon and its subcontractors," it said.
+    The company said the defense system uses digital
+electronics with a mulifunction phased array radar to locate
+targets and control firing. It also uses launching stations for
+supersonic missles.
+    The weapons are designed to defend against advanced
+aircraft and cruise missles. They are also being modified to
+defend against tactical ballistic missles, the company said.
+    West Germany, the Netherlands, Denmark, and Japan have
+choosen the weapons for their air defense systems. A
+co-production program with the Japanese is currently underway,
+the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17735" NEWID="11673">
+<DATE>31-MAR-1987 16:18:17.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2600&#31;reute
+r f BC-WEEKLY-ELECTRIC-OUTPU   03-31 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEEKLY ELECTRIC OUTPUT UP 3.2 PCT FROM 1986</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>U.S. power companies generated a net
+45.56 billion kilowatt-hours of electrical energy in the week
+ended March 28, up 3.2 pct from 44.17 billion a year earlier,
+the Edison Electric Institute (EEI) said.
+    In its weekly report on electric output, the electric
+utility trade association said electric output in the week
+ended March 21 was 47.47 billion kilowatt-hours.
+    The EEI said power production in the 52 weeks ended March
+28 was 2,558.83 billion kilowatt hours, up 2.2 pct from the
+year-ago period.
+    Electric output so far this year was 647.82 billion
+kilowatt hours, up 2.2 pct from 633.68 billion last year, the
+EEI said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17736" NEWID="11674">
+<DATE>31-MAR-1987 16:19:24.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2603&#31;reute
+u f BC-COLEMAN-&lt;CLN>-SEES-1S   03-31 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLEMAN &lt;CLN> SEES 1ST QTR CHARGE</TITLE>
+<DATELINE>    WICHITA, KAN., March 31 - </DATELINE><BODY>Coleman Co said it expects a
+first-quarter charge against earnings of 1.6 mln dlrs, or 23
+cts a share, as a result of its voluntary program to replace
+condensing heat exchangers in its early Model 90 series
+high-efficiency residential gas furnaces.
+    The company said extensive testing indicates a problem
+found in the furnaces is not safety related. Coleman said it
+noted an increasing number of heat exchangers in certain
+furnaces made from March 1984 through December 1985 were
+returned because of corrosion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17737" NEWID="11675">
+<DATE>31-MAR-1987 16:23:14.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f2613&#31;reute
+r f BC-PROXMIRE-SAYS-RATE-OF   03-31 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROXMIRE SAYS RATE OF U.S. BANK CLOSINGS AT 200</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Senate Banking Committee chairman
+William Proxmire says the U.S. banking system is sound despite
+a rate of failures that could reach 200 this year.
+    In a statement in the Congressional Record, the Wisconsin
+Democrat said that as of March 19, 50 banks had failed. "At
+that pace, some 200 banks will go bankrupt before the year is
+out," he said, compared to 144 last year--worst since the
+depression.
+    Despite the statistics, he said, "American banking today
+remains overall remarkably safe and prudent."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17738" NEWID="11676">
+<DATE>31-MAR-1987 16:23:32.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2614&#31;reute
+b f BC-SURROGATE-MOTHER-LOSE   03-31 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BABY M CUSTODY AWARDED TO STEARNS</TITLE>
+<DATELINE>    HACKENSACK, N.J., March 31 - </DATELINE><BODY>A family court judge ruled
+that Mary Beth Whitehead cannot have custody of Baby M, the
+daughter she bore a childless couple in a surrogate agreement
+that stirred international controversy.
+    Judge Harvey Surkow ruled that the one-year old baby
+belongs solely to William and Elizabeth Stern, who paid
+Whitehead 10,000 dollars to bear Mr Stern's child.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17739" NEWID="11677">
+<DATE>31-MAR-1987 16:24:23.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2615&#31;reute
+r f BC-OVERLAND-EXPRESS-&lt;OVE   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OVERLAND EXPRESS &lt;OVER> NEGOTIATES NEW DEBT</TITLE>
+<DATELINE>    INDIANAPOLIS, March 31 - </DATELINE><BODY>Overland Express Inc said it
+negotiated a restated debt moratorium agreement with its
+principal secured lender banks.
+    The company said the new agreement extends a prior debt
+moratorium on principal and interest payments on approximately
+30 mln dlrs of long-term debt to June one, 1987.
+    It is subject to repayment of the debt on or before that
+date at a discount of approximately 8,600,000 dlrs in principal
+and cancellation of approximately 1,800,000 dlrs of current and
+deferred interest, the company said.
+    Overland also said it negotiated a 3,000,000 dlr interim
+credit agreement with its majority owner, &lt;Continental Training
+Services Inc>.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17740" NEWID="11678">
+<DATE>31-MAR-1987 16:24:49.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2616&#31;reute
+u f BC-U.S.-EXTENDS-HIDE-EXP   03-31 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. EXTENDS HIDE EXPORT PERIOD FOR YUGOSLAVIA</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has extended the export period for Yugoslavia to ship
+U.S. hides and skins under a line of credit from the Export
+Credit Guarantee Program, the U.S. Agriculture Department said.
+    The shipping period has been extended from September 30,
+1987 to December 31, 1987, the U.S. Agriculture Department
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17741" NEWID="11679">
+<DATE>31-MAR-1987 16:26:26.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2619&#31;reute
+d f BC-PHILADELPHIA-SUBURBAN   03-31 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA SUBURBAN &lt;PSC> BUYS SOFTWARE FIRM</TITLE>
+<DATELINE>    BRYN MAWR, Pa., March 31 - </DATELINE><BODY>Philadelphia Suburban Corp said
+it acquired Mentor Systems Inc, a Lexington, Ky., computer
+software company, for common stock.
+    Detailed terms were not disclosed.
+    Mentor specializes in public sector accounting systems. It
+has 73 employees at its Lexington facility, four branch offices
+in the Midwest and one in New York.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17742" NEWID="11680">
+<DATE>31-MAR-1987 16:27:17.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2624&#31;reute
+r f BC-CHARTER-&lt;CHR>-COMPLET   03-31 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARTER &lt;CHR> COMPLETES REORGANIZATION</TITLE>
+<DATELINE>    JACKSONVILLE, Fla, March 31 - </DATELINE><BODY>Charter Co said its
+previously announced joint plan of reorganization has been
+completed, which resulted in &lt;American Financial Corp> owning
+50.5 pct of Charter's common.
+    The company said three American Financial executives have
+been elected to its board, replacing three directors who
+resigned, and American Financial Chairman Carl H. Lindner has
+been elected Charter's chairman, succeeding Raymond K. Mason,
+who continues as a director.
+    The company said there were no changes in its management.
+    In consummating the reorganization plan, Charter said, it
+oissued 66.7 mln dlrs principal amount of 12 pct subordinated
+sinking fund debentures due 1999, 60 mln dlrs principal amount
+of 10.25 pct increasing rate senior notes due 1994 and
+30,963,598 additional common shares.
+    The company said American Financial also owns 9,000 Charter
+preferred shares, 60.0 mln dlrs of its new senior notes.
+    Additionally, American Financial has offered to buy up to
+24.7 mln dlrs principal amount of Charter's new debentures from
+creditors who received the debentures in payment of debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17743" NEWID="11681">
+<DATE>31-MAR-1987 16:28:52.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2631&#31;reute
+r f BC-FDIC-OFFERS-RISKED-BA   03-31 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDIC OFFERS RISKED-BASED CAPITAL RULE FOR BANKS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The Federal Deposit Insurance Corp.
+proposed for comment a rule setting minimum capital
+requirements for banks based on assessment of the risks of
+their assets.
+    The proposed rule, if adopted, would carry out a
+U.S.-British agreement announced in January for a uniform
+system to gauge the capital banks must maintain that accounts
+for the riskiness of loans and other assets.
+    The regulatory agency's staff said at a meeting the
+proposal was in line with those of the Federal Reserve Board
+and the Comptroller of the Currency.
+    The three U.S. agencies and the Bank of England agreed in
+early January on the outlines of a uniform system for capital
+standards designed for the increasingly international banking
+industry that operates beyond national boundaries.
+    The FDIC, which regulates state-chartered banks, sought
+public comment for 60 days, after which it will adopt a rule to
+conform with those of the Fed and the Comptroller.
+    The FDIC said the proposal rule redefines primary capital,
+assigns risk weights to assets not kept on a bank's balance
+sheet, and lays the groundwork for establishing a minimum
+risk-based capital ratio.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17744" NEWID="11682">
+<DATE>31-MAR-1987 16:29:47.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2634&#31;reute
+b f BC-******PACIFIC-GAS-SAI   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PACIFIC GAS SAID ACCOUNTING CHANGE WILL REDUCE 1987 NET BY 470 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17745" NEWID="11683">
+<DATE>31-MAR-1987 16:30:20.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2636&#31;reute
+d f BC-TRIBUNE/SWAB-FOX-COS   03-31 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIBUNE/SWAB-FOX COS INC &lt;TSFC> 4TH QTR LOSS</TITLE>
+<DATELINE>    TULSA, OKLA., March 31 -
+    </DATELINE><BODY>Shr loss 15 cts vs nil
+    Net loss 4,356,285 vs profit 300,000
+    Year
+    Shr loss 12 cts vs profit five cts
+    Net loss 2,744,826 vs profit 2,490,262
+    NOTE: 1985 earnings restated for discontinued operations
+    Per-share results reflect payment of preferred dividends
+    Company did not release revenues
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17746" NEWID="11684">
+<DATE>31-MAR-1987 16:30:36.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2637&#31;reute
+d f BC-BARRINGER-RESOURCES-I   03-31 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARRINGER RESOURCES INC &lt;BARR> YEAR END DEC 31</TITLE>
+<DATELINE>    DENVER, March 31 -
+    </DATELINE><BODY>Shr profit 70 cts vs loss 33 cts
+    Net profit 2,598,000 vs loss 687,000
+    Revs 7,438,000 vs 6,467,000
+    NOTE: 1986 net includes 2,168,000 dlrs or 61 cts a share
+for gain on cancellation of long-term debt through a debenture
+offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17747" NEWID="11685">
+<DATE>31-MAR-1987 16:30:47.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2638&#31;reute
+d f BC-CONCORD-FABRICS-INC-&lt;   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONCORD FABRICS INC &lt;CIS> 2ND QTR OPER NET</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Ended March one
+    Oper shr 47 cts vs 41 cts
+    Oper net 840,484 vs 732,000
+    Revs 36.6 mln vs 31.1 mln
+    Six mths
+    Oper shr 77 cts vs 75 cts
+    Oper net 1,379,453 vs 1,338,346
+    Revs 68.2 mln vs 58.5 mln
+    NOTE: Excludes net gain of 27,000 dlrs or 15 cts/shr in
+current qtr and six mths from disposal of discontinued
+operations.
+    Year-ago excludes loss of 54,808 dlrs or three cts in qtr
+and 126,749 dlrs or seven cts in six mths from discontinued
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17748" NEWID="11686">
+<DATE>31-MAR-1987 16:30:50.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2639&#31;reute
+f f BC-******U.S.-SELLING-13   03-31 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLING 13.2 BILLION DLRS OF 3 AND 6-MO BILLS APRIL 6 TO PAY DOWN 1.65 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17749" NEWID="11687">
+<DATE>31-MAR-1987 16:31:09.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2640&#31;reute
+h f BC-P.C.-QUOTE-INC-&lt;PCQT>   03-31 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>P.C. QUOTE INC &lt;PCQT> YEAR LOSS</TITLE>
+<DATELINE>    CHICAGO, March 31 -
+    </DATELINE><BODY>Shr loss 30 cts vs loss 44 cts
+    Net loss 1,135,805 vs loss 1,461,792
+    Sales 3,398,893 vs 2,075,260
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17750" NEWID="11688">
+<DATE>31-MAR-1987 16:31:17.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2641&#31;reute
+h f BC-onex-packaging-closes   03-31 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONEX PACKAGING CLOSES NEW BRUNSWICK PLANT</TITLE>
+<DATELINE>    ST ANDREW'S, New Brunswick, March 31 - </DATELINE><BODY>&lt;Onex Packaging Inc>
+said it closed a small metal can manufacturing plant at St.
+Andrew's employing eight people that has been inactive since
+late 1985.
+    Onex said the plant, producing six-ounce, two-piece metal
+cans for the fish industry, shut down when its major customer
+suddenly ceased canning operations.
+    Onex has not been able to find sufficient demand to support
+this type of can manufacturing in the region, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17751" NEWID="11689">
+<DATE>31-MAR-1987 16:31:35.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2643&#31;reute
+w f BC-&lt;EXECUTIVE-HOUSE-INC>   03-31 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;EXECUTIVE HOUSE INC> YEAR LOSS</TITLE>
+<DATELINE>    CHICAGO, March 31 -
+    </DATELINE><BODY>Shr loss 26 cts vs loss six cts
+    Net loss 535,110 vs loss 129,433
+    Revs 787,000 vs 622,130
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17752" NEWID="11690">
+<DATE>31-MAR-1987 16:31:57.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2645&#31;reute
+d f BC-LORI-CORP-&lt;LRC>-4TH-Q   03-31 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LORI CORP &lt;LRC> 4TH QTR OPER NET LOSS</TITLE>
+<DATELINE>    NORTHFIELD, Ill., March 31 -
+    </DATELINE><BODY>Oper shr loss 14 cts vs loss 49 cts
+    Oper net loss 22,000 vs loss 441,000
+    Revs 22.6 mln vs 13.6 mln
+    Year
+    Oper shr profit 14 cts vs profit 47 cts
+    Oper net profit 1,952,000 vs profit 2,794,000
+    Revs 76.2 mln vs 56.4 mln
+    NOTE: 1986 4th qtr and year oper net excludes a loss of
+54,000 dlrs for discontinued operations, and a a gain of
+218,000 dlrs and 2,393,000 dlrs, respecitvely, for
+extraordinary item.
+    1985 4th qtr and year oper net excludes a loss of 77,000
+dlrs and about 54,000 dlrs, respectively, for discontinued
+operations and a loss of 285,000 dlrs and a gain of 2,757,000
+dlrs, respectively, for extraordinary item.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17753" NEWID="11691">
+<DATE>31-MAR-1987 16:32:05.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2646&#31;reute
+f f BC-******U.S.-TREASURY-S   03-31 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY SELLING 17 BILLION DLRS OF 9-DAY and 20-DAY CASH MANAGEMENT BILLS ON APRIL 2
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17754" NEWID="11692">
+<DATE>31-MAR-1987 16:33:19.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2648&#31;reute
+b f BC-******CONSUMERS-POWER   03-31 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONSUMERS POWER TO PAY UNION CARBIDE 39.2 MLN IN SUIT SETTLEMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17755" NEWID="11693">
+<DATE>31-MAR-1987 16:33:58.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2649&#31;reute
+r f BC-CBS-&lt;CBS>-PURCHASES-N   03-31 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBS &lt;CBS> PURCHASES NEW GAME SHOW</TITLE>
+<DATELINE>    NEW YORK, March 31 -</DATELINE><BODY>&lt;Ralph Andrews Productions> and &lt;CCR 
+Productions> said their new game show, "Lingo", was purchased
+for the fall season by CBS Inc for broadcast on its O and O
+network.
+    The show will be hosted by Michael Reagan, son of President
+Reagan by his marriage to Jane Wyman, the production companies
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17756" NEWID="11694">
+<DATE>31-MAR-1987 16:34:40.97</DATE>
+<TOPICS><D>ship</D><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>honduras</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2651&#31;reute
+r f BC-HONDURAS-SEEKING-VESS   03-31 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONDURAS SEEKING VESSELS FOR BULK WHEAT SHIPMENT</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Honduras will tender April 2 for
+U.S. and non-U.S. flag vessels to import 19,369 tonnes of wheat
+in bulk, an agent for the country said.
+    The agent said Honduras is seeking vessels to deliver 
+7,369 tonnes during a period that includes laydays of April
+15-30, and 12,000 tonnes with laydays of May 15-30.
+    Offers are due no later than 1200 hrs EST, April 2, and
+will remain valid through the close of business the following
+day, the agent said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17757" NEWID="11695">
+<DATE>31-MAR-1987 16:35:25.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2652&#31;reute
+h f BC-AMERICAN-PRE-PAID-IN   03-31 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN PRE-PAID IN PACT WITH TWO DISTRIBUTORS</TITLE>
+<DATELINE>    LOVELAND, Colo., March 31 - </DATELINE><BODY>American Pre-Paid Legal
+Services Inc, which signed a letter of intent last week to
+merge with &lt;Falcon Capital and Ventures Inc>, said it has
+agreed to market its pre-paid legal services through two
+distributors.
+    It said the distributors are United States Consumer Club of
+Dallas and Prestige III of Washington, D.C.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17758" NEWID="11696">
+<DATE>31-MAR-1987 16:36:11.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2654&#31;reute
+r f BC-OTF-EQUITIES-INC-&lt;OTF   03-31 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OTF EQUITIES INC &lt;OTFE> 4TH QTR NET</TITLE>
+<DATELINE>    DETROIT, March 31 -
+    </DATELINE><BODY>Shr profit 28 cts vs loss 32 cts
+    Net profit 1,190,000 vs loss 686,000
+    Revs 40.8 mln vs 2.2 mln
+    Year
+    Shr profit 20 cts vs loss 49 cts
+    Net profit 2,021,000 vs loss 1,162,000
+    Revs 103 mln vs 9.5 mln
+    Avg shrs 4,206,371 vs 2,124,967
+   
+REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17759" NEWID="11697">
+<DATE>31-MAR-1987 16:36:30.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2656&#31;reute
+f f BC-dome-pete   03-31 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOME PETROLEUM LTD YEAR OPER SHR LOSS 6.94 DLRS VS LOSS TWO CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17760" NEWID="11698">
+<DATE>31-MAR-1987 16:37:19.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2660&#31;reute
+r f BC-INTEGRATED-RESOURCES   03-31 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED RESOURCES &lt;IRE> FILES NOTE OFFERING</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Integrated Resources Inc said it filed
+with the Securities and Exchange Commission a registration
+statement covering 150 mln dlrs of senior notes.
+    The notes are to be sold in three equal-sized issues of 50
+mln dlrs. The maturities will be 1990, 1992 and 1994.
+    Proceeds will be used to repay short-term debt incurred
+primarily for working capital, Integrated Resources said.
+    The company named Drexel Burnham Lambert Inc as sole
+manager of the offerings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17761" NEWID="11699">
+<DATE>31-MAR-1987 16:37:23.09</DATE>
+<TOPICS><D>crude</D><D>gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2661&#31;reute
+u f BC-******API-SAYS-DISTIL   03-31 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>API SAYS DISTILLATE STOCKS OFF 2.52 MLN BBLS, GASOLINE OFF 260,000, CRUDE OFF 4.23 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17762" NEWID="11700">
+<DATE>31-MAR-1987 16:38:41.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2667&#31;reute
+d f BC-SALEM-CORP-&lt;SBS>-4TH   03-31 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALEM CORP &lt;SBS> 4TH QTR LOSS</TITLE>
+<DATELINE>    MIAMI, March 31 -
+    </DATELINE><BODY>Shr loss 1.82 dlrs vs loss 16 cts
+    Net loss 2,285,000 vs loss 264,000
+    Revs 23.0 mln vs 14.6 mln
+    Year
+    Shr loss 1.59 dlrs vs profit seven cts
+    Net loss 2,467,000 vs profit 112,000
+    Revs 77.3 mln vs 75.8 mln
+    NOTE: Includes loss of 1.1 mln dlrs or 70 cts/shr from
+asset writedowns and cost reductions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17763" NEWID="11701">
+<DATE>31-MAR-1987 16:41:36.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2672&#31;reute
+b f BC-******CONSUMERS-POWER   03-31 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONSUMERS POWER SEES ONE-TIME 1ST QTR LOSS OF SEVEN CTS/SHR FROM SUIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17764" NEWID="11702">
+<DATE>31-MAR-1987 16:43:12.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2675&#31;reute
+f f BC-dome-pete-writedowns   03-31 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOME PETROLEUM TAKES 1986 WRITEDOWNS TOTALLING 2.08 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17765" NEWID="11703">
+<DATE>31-MAR-1987 16:46:35.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2680&#31;reute
+u f BC-/U.S.-SELLING-17-BILL   03-31 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SELLING 17 BILLION DLRS OF 9-, 20-DAY BILLS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The U.S. Treasury said it will
+auction 17 billion dlrs of 9-day and 20-day cash management
+bills on April 2.
+    The auction will consist of 11 billion dlrs in 9-day bills
+and six billion dlrs in 20-day bills.
+    Bids for the bills will be received at all Federal Reserve
+Banks and branches. Tenders must be for a minimum of one mln
+dlrs, and non-competitive tenders from the public will not be
+accepted. Bids will not be received at the Treasury Department.
+The 9-day bills will be issued April 7 and mature April 16,
+while the 20-day bills will be issued April 3 and mature April
+23.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17766" NEWID="11704">
+<DATE>31-MAR-1987 16:47:03.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2681&#31;reute
+b f BC-/U.S.-TO-SELL-13.2-BI   03-31 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO SELL 13.2 BILLION DLRS IN BILLS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The U.S. Treasury said it will sell
+13.2 billion dlrs of three and six-month bills at its regular
+auction next week.
+    The April 6 sale, to be evenly divided between the three
+and six month issues, will result in a paydown of 1.65 billion
+dlrs as maturing bills total 14.85 billion dlrs.
+    The bills will be issued April 9.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17767" NEWID="11705">
+<DATE>31-MAR-1987 16:48:52.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2685&#31;reute
+b f BC-dome-pete-year-loss   03-31 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME PETROLEUM LTD &lt;DMP> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, March 31 -
+    </DATELINE><BODY>Shr loss 6.94 dlrs vs loss two cts
+    Net loss 2.20 billion vs profit 7.0 mln
+    Revs 1.55 billion vs 2.44 billion
+    Note: 1986 shr and net include writedowns totalling 2.08
+billion dlrs before a reduction in deferred income taxes of 571
+mln dlrs. Net also includes 214 mln dlrs in accumulated foreign
+exchange losses
+    Canadian funds
+    Note continued: shr after preferred dividends
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17768" NEWID="11706">
+<DATE>31-MAR-1987 16:49:25.50</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2688&#31;reute
+r f BC-U.S.-STEELMAKERS,-UNI   03-31 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. STEELMAKERS, UNION SEEK RENEWED IMPORT CURB</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The U.S. specialty steel industry
+and its union said they will seek a three-year extension of
+President Reagan's import restraint program to give the
+industry more time to restore competitiveness.
+    They said they will tell the U.S. International Trade
+Commission (ITC) Thursday that "termination will have disastrous
+consequences for American companies and workers."
+    The current four-year voluntary program reached with
+foreign exporters ends this summer and the ITC must advise
+President Reagan on the economic effect of its termination.
+    The Specialty Steel Industry of the United States and the
+United Steelworkers Union said in statement that imported steel
+was still flooding the domestic market and continued curbs were
+needed to restore the industry's health.
+    Reagan is to decide by July 19 whether to renew the
+restraint program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17769" NEWID="11707">
+<DATE>31-MAR-1987 16:53:13.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2699&#31;reute
+d f BC-HOLDER-COMMUNICATIONS   03-31 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLDER COMMUNICATIONS &lt;HOLD> TO BUY FIVE FIRMS</TITLE>
+<DATELINE>    TAMPA, Fla., March 31 - </DATELINE><BODY>Holder Communications Corp said it
+agreed to buy five privately held companies with combined 1987
+revenues expected to be about 25 mln dlrs.
+    Holder plans to issue 32 mln common shares to buy the
+Nashville-based companies, all of which are owned by Jack
+Norman and Joe Shaw, their families and employees.
+    The companies include radio stations WKXC-AM and WWKZ-FM,
+which operate in the New Albany/Tupelo, Miss., market, and
+General Masonry Inc, a contractor in the Southeast.
+    The acquisitions are subject to approval by Holder
+shareholders and the Federal Communications Commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17770" NEWID="11708">
+<DATE>31-MAR-1987 16:53:33.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2700&#31;reute
+r f BC-CHELSEA-&lt;CHD>-SEES-LO   03-31 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHELSEA &lt;CHD> SEES LOWER 2ND QTR NET</TITLE>
+<DATELINE>    BOSTON, March 31 - </DATELINE><BODY>Chelsea Industries Inc said earnings for
+its fiscal second quarter ended March 30 will be "sharply
+lower" than the 1,414,000 dlrs or 55 cts a share it earned for
+the same quarter last year.
+    It also said it lowered its earnings forecasts for the
+remainder of the fiscal year. In fiscal 1986, the company
+earned 7,206,000 dlrs or 2.78 dlrs a share.
+    The company cited intensely competitive market conditions
+in its polyethelyne trash liner business and startup costs
+related to its acquisition of Artisan Plastic for the reduced
+earnings outlook.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17771" NEWID="11709">
+<DATE>31-MAR-1987 16:54:39.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2702&#31;reute
+u f BC-DANA-CORP-&lt;DCN>-AND-U   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANA CORP &lt;DCN> AND UNIT DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded 700 mln dlrs of debt of Dana Corp and its unit Dana
+Credit Corp.
+    Cut were the parent's senior debt and industrial revenue
+bonds to A-3 from A-2. Moody's reduced to Prime-2 from Prime-1
+the commercial paper of Dana and its credit unit.
+    Moody's cited deterioration in capital structure and debt
+protection measurements due to aggressive balance sheet
+management.  Moreover, Dana's financial leverage rose to
+43 pct from 22 pct in 1984 and may climb even more after
+completing its ongoing stock repurchase program, Moody's said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17772" NEWID="11710">
+<DATE>31-MAR-1987 16:56:52.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2708&#31;reute
+r f BC-CONSUMERS-POWER-&lt;CMS>   03-31 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUMERS POWER &lt;CMS> TO PAY UNION CARBIDE &lt;UK></TITLE>
+<DATELINE>    JACKSON, Mich., March 31 - </DATELINE><BODY>Consumers Power Co said it will
+pay Union Carbide Corp 39.2 mln dlrs in settlement of a suit
+that began in July 1982.
+    Consumers Power said the settlement will cause it to take a
+one-time loss of six mln dlrs, or seven cts a share, in its
+first quarter.
+    The impact will be less than the payment to Union Carbide
+because Consumers Power set up a reserve to account for the
+settlement, the tax effect of the settlement, and "some
+book-keeping," a spokesman said.
+    Union Carbide had sought 162.5 mln dlrs in damages from
+Consumers Power.
+    Half of the settlement will be paid immediately in cash.
+The remainder will be paid in real estate.
+    The dispute involved a long-term contract which Consumers
+Power entered into in 1980 to buy residual fuel from Union
+Carbide. In 1982 Consumers Power stopped taking oil under the
+contract, claiming it was excused from buying more oil under
+certain provisions of the accord.
+    Union Carbide said it plans to resell the real estate,
+located in northern Michigan, according to Consumers Power.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17773" NEWID="11711">
+<DATE>31-MAR-1987 17:00:09.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2714&#31;reute
+r f BC-dome-pete-full-out   03-31 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME PETE&lt;DMP> TAKES 2.08 BILLION DLR WRITEDOWN</TITLE>
+<DATELINE>    CALGARY, Alberta, March 31 - </DATELINE><BODY>Dome Petroleum Ltd, earlier
+reporting a 2.20 billion dlr 1986 loss compared to year-earlier
+profit of 7.0 mln dlrs, said the loss was mainly due to write
+downs totalling 2.084 billion dlrs before a reduction in
+deferred income taxes of 571 mln dlrs.
+    The loss also includes 214 mln dlrs in accumulated foreign
+exchange losses, the company said.
+    "The dramatic drop in energy prices in early 1986 reverses
+much of the progress the company has made in the two previous
+years," Dome chairman J. Howard Macdonald said in a statement.
+    "But even a net loss of this magnitude has very little
+bearing on the day-to-day operations of Dome," chairman
+Macdonald said.
+    "It merely reflects the realistic carrying value of the
+company's assets in today's economic environment, and the
+absolute need for reaching a timely agreement with our lenders
+on a debt restructuring plan to assure the company's continued
+existence," he added.
+    Dome is now trying to reach agreement on a complex plan for
+restructuring debt of more than 6.10 billion dlrs.
+    Dome said it charged the 214 mln dlrs in accumulated
+foreign exchange losses to current expenses because of the
+uncertainty arising from its proposed restructuring plan.
+    Normally the expenses would be amortized over the remaining
+period of the loans to which they apply, it said.
+    Dome also said the write downs included a fourth quarter
+reduction in the value of its oil and gas properties of 1.20
+billion dlrs, before a reduction in deferred income taxes of
+305 mln dlrs. The fourth quarter writedown was in addition to a
+charge of 880 mln dlrs on certain other assets, taken mainly in
+the third quarter.
+    Dome said the 1.20 billion dlr fourth quarter charge
+resulted from a year-end accounting change made under new full
+cost accounting guidelines by the Canadian Institute of
+Chartered Accountants.
+    The company said it previously determined a write down of
+conventional oil and gas properties was not required at
+September 30, under the previous method of calculating the
+limitation of oil and gas values.
+    Dome said the most significant accounting change under the
+new guidelines is using current oil and gas prices in
+calculations instead of escalating price forecasts.
+    Terms of Dome's proposed debt restructuring plan preclude
+the company from making an accurate estimate of future
+financing costs, which are used in the new accounting
+calculations, it said.
+    As a result, Dome adopted current prices and costs and a 10
+pct discount factor in the calculations, which substantially
+conform with accounting rules prescribed by the U.S. Securities
+and Exchange Commission, the company said.
+    Dome said operating income from its crude oil and natural
+gas segments fell by 2.50 billion dlrs to a 1986 loss of 1.71
+billion dlrs from prior year earnings of 737.0 mln dlrs.
+    Dome said the steep drop in crude oil and natural gas
+operating income was due to write downs totalling 1.93 billion
+dlrs and lower energy prices that sharply reduced revenue.
+    Reduced production of natural gas and lower utilization of
+Dome's offshore drilling fleet in the Beaufort Sea also
+contributed to the decline, it said.
+    Earnings from its natural gas liquids business fell by 79
+pct to 42.0 mln dlrs from 199 mln dlrs in 1985.
+    Cash from operations dropped to 5.0 mln dlrs from year-ago
+542.0 mln dlrs and unrestricted cash balance declined to 202.0
+mln dlrs from 466.0 mln dlrs.
+    Dome said 1986 crude oil production in 1986 was maintained
+at prior year's levels through new drilling activity and
+improvements in productivity.
+    Natural gas production fell by nine pct as a result of
+lower domestic and export sales, it said.
+    Oil and field natural gas liquids production totalled
+86,000 barrels a day, compared to 87,000 bpd in the prior year.
+    Natural gas production fell to 536.0 mln cubic feet a day
+from 591.0 mcf a day.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17774" NEWID="11712">
+<DATE>31-MAR-1987 17:01:23.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2719&#31;reute
+u f BC-ITT-&lt;ITT>,-ALCATEL-SE   03-31 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT &lt;ITT>, ALCATEL SETTLE FINAL PAYMENTS</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>ITT Corp said it received a final 400
+mln dlr payment for its telecommunications joint venture with
+&lt;Alcatel NV>, settling all accounts in the venture.
+    The company had previously said it was due to receive the
+400 mln dlr payment.
+    Alcatel NV was formed last year when ITT and &lt;Cie Generale
+d'Electricite> of France merged their telecommunications
+business. ITT received a 37 pct interest in Alcatel and 1.3
+billion dlrs in cash, including today's payment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17775" NEWID="11713">
+<DATE>31-MAR-1987 17:02:57.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2723&#31;reute
+u f BC-ORION-CAPITAL-CORP-&lt;O   03-31 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORION CAPITAL CORP &lt;OC> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, March 31 - 
+    </DATELINE><BODY>Shr loss 9.42 dlrs vs loss 3.85 dlrs
+    Net loss 55.5 mln vs loss 21.4 mln
+    Revs 114.9 mln vs 120.0 mln
+    Avg shrs 6,460,000 vs 5,719,000
+    Year
+    Shr loss 6.80 dlrs vs loss 4.77 dlrs
+    Net loss 36.0 mln vs loss 26.2 mln
+    Revs 478.9 mln vs 437.9 mln
+    Avg shrs 6,016,000 vs 5,713,000
+    Note: Net includes realized capital gains of 2,610,000 vs
+2,442,000 for qtr and 18.1 mln vs 13.6 mln for year.
+    1986 net also includes gain on termination of pension plan
+of 2,614,000 for qtr and year, and tax loss of 3,605,000 for
+qtr. Includes pretax gain from sale of common stock in Guaranty
+National Corp of 5,722,000 for year.
+    Revised estimated calculation of workers compensation
+earned premiums decreased 1986 earned premiums by 10 mln.
+    Year-ago results restated to reflect deconsolidation of
+Guaranty National.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17776" NEWID="11714">
+<DATE>31-MAR-1987 17:04:45.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2727&#31;reute
+d f BC-AVON-PRODUCTS-&lt;AVP>-S   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVON PRODUCTS &lt;AVP> SEES HIGHER 1987 EARNINGS</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Avon Products Inc, the diversifed
+conglomerate that had a strong turn around in 1986, said it
+expects sales and earnings to climb higher this year.
+    In its annual report, the company also said it expects to
+maintain its current annual two dlr dividend on the basis of
+continued upward earnings.
+    In 1986, Avon's operational earnings rose 24 pct to 158.7
+mln dlrs from 128.2 mln dlrs a year earlier, and sales rose 17
+pct to 2.88 billion dlrs. It said the 2.23 dlrs a share earned
+last year was the highest in five years, but still well below
+the company's all-time high of 4.06 dlrs a share in 1979.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17777" NEWID="11715">
+<DATE>31-MAR-1987 17:05:01.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2728&#31;reute
+r f BC-INTERNATIONAL-PAPER-&lt;   03-31 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL PAPER &lt;IP> LOWERS SPENDING</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>International Paper Co said spending
+for 1987 is forecast to be about 550 mln dlrs compared to 567
+mln dlrs in 1986, excluding the 1.1 billion dlrs acquisition of
+Hamermill Paper Co, according to the company's annual report.
+    The focus of spending will be on continued plant
+modernization and maintenance.
+    The company said the new federal tax law will increase its
+tax burden and have a negative impact on capital investment.
+    In the report, International Paper chairman John Georges
+predicts the company will have modest growth and continued
+improvement in its operating results due to favorable product
+demand and pricing environment.
+    Start-up of a 250 mln dlr coated publications paper machine
+at an Arkansas mill, other mill enhancements and the Hammermill
+acquisition are expected to contribute to future earnings
+growth, the company said.
+    For 1986, International Paper reported net income of 284.0
+mln dlrs compared to 107 mln dlrs in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17778" NEWID="11716">
+<DATE>31-MAR-1987 17:10:41.37</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2737&#31;reute
+f f BC-******CHASE-MANHATTAN   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHASE MANHATTAN RAISES PRIME RATE TO 7-3/4 PCT FROM 7-1/2, EFFECTIVE TODAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17779" NEWID="11717">
+<DATE>31-MAR-1987 17:11:36.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2738&#31;reute
+u f BC-PACIFIC-GAS-&lt;PCG>-ACC   03-31 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC GAS &lt;PCG> ACCOUNTING CHANGE TO CUT NET</TITLE>
+<DATELINE>    SAN FRANCISCO, March 31 - </DATELINE><BODY>Pacific Gas and Electric Co said
+it expects to record a 470 mln dlr, or 1.25 dlr per share,
+reduction in 1987 earnings because of the company's decision to
+change the method used to record Diablo Canyon Nuclear Power
+Plant revenues.
+    The accounting change will not affect the company's cash
+position and the company intends to continue paying its
+dividend at the annual rate of 1.92 dlrs per share.
+    Last year Pacific Gas reported earnings of 925 mln dlrs, or
+2.60 dlrs per share.
+    Pacific Gas said the accounting change was prompted by
+delays in the receipt of a California Public Utilities
+Commission decision on the company's 1984 application for rate
+relief to recover the 5.8 billion dlr cost of constructing
+units one and two of the Diablo Canyon Nuclear Power Project.
+    It said the commission is currently allowing the company to
+recover 40 pct of the cost of owning and operating the plants.
+    As a result, 63 mln dlrs has been accumulating each month
+as deferred non-cash account receivable, which has been
+included in current income.
+    But the accounting change, effective January 1, will
+reflect only cash received through interim rates approved by
+the commission, Pacific Gas and Electric said.
+    It also said the commission is now awaiting its Public
+Staff Division's report which will recommend how much of the
+5.8 billion dlr investment Pacific Gas should be allowed to
+recover in rates.
+    The company further stated that it is confident it will
+receive an objective review of the facts.
+    It also said it intends to seek additional interim rates.
+    Pacific Gas began construction of the two nuclear power
+units in 1969. After a number of construction delays, unit one
+went into operation in May 1985 and unit two went on line in
+March last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17780" NEWID="11718">
+<DATE>31-MAR-1987 17:13:47.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2750&#31;reute
+d f BC-TEXTRON-&lt;TXT>-GETS-42   03-31 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXTRON &lt;TXT> GETS 420.2 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Avco Lycoming, a division of Textron
+Inc, has been awarded a 420.2 mln dlr contract for work on 810
+engines and spare parts for the M-1A1 tank, the Army said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17781" NEWID="11719">
+<DATE>31-MAR-1987 17:13:58.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2751&#31;reute
+r f BC-BLACK-AND-DECKER-&lt;BDK   03-31 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLACK AND DECKER &lt;BDK> SELLS 10-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Black and Decker Corp is raising 100
+mln dlrs via an offering of notes due 1997 yielding 8.40 pct,
+said lead manager First Boston Corp.
+    The notes have an 8-3/8 pct coupon and were priced at 99.83
+to yield 86 basis points over comparable Treasury securities.
+    Non-callable for seven years, the issue is rated Baa-2 by
+Moody's Investors Service Inc and A-minus by Standard and
+Poor's Corp.  Salomon Brothers Inc co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17782" NEWID="11720">
+<DATE>31-MAR-1987 17:17:17.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2758&#31;reute
+r f BC-FDIC-TO-EASE-RULE-FOR   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDIC TO EASE RULE FOR BANKS' SECURITIES UNITS</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The Federal Deposit Insurance Corp
+proposed to ease its regulations on operations of securities
+subsidiaries of banks.
+    The FDIC proposed for comment for 30 days amendments to end
+a ban on the sharing of a corporate name and logo by a bank and
+its security unit.
+    It also said the securities subsidiary was no longer
+required to have an entrance separate from the bank's, but the
+bank's and subsidiary's separate office space must be marked.
+    The bank must inform customers that securities purchased
+from the subsidiary were not covered by FDIC deposit insurance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17783" NEWID="11721">
+<DATE>31-MAR-1987 17:17:27.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2759&#31;reute
+u f BC-GIANT-FOOD-INC-&lt;GFS.A   03-31 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GIANT FOOD INC &lt;GFS.A> 4TH QTR FEB 28 NET</TITLE>
+<DATELINE>    WASHINGTON, March 31 - 
+    </DATELINE><BODY>Shr 50 cts vs 66 cts
+    Net 15.0 mln vs 20.0 mln
+    Revs 861.2 mln vs 725.9 mln
+    Year
+    Shr 1.55 dlrs vsd 1.90 dlrs
+    Net 46.5 mln vs 57.0 mln
+    Revs 2.53 billion vs 2.25 billion
+    Note: 1986 had 53 weeks vs 52 weeks in 1985. 4th qtr 1986
+had 17 weeks vs 16 weeks in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17784" NEWID="11722">
+<DATE>31-MAR-1987 17:18:03.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2760&#31;reute
+d f BC-INNOVEX-&lt;INVX>-COMPLE   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INNOVEX &lt;INVX> COMPLETES PURCHASE OF LUCHT</TITLE>
+<DATELINE>    MINNEAPOLIS, March 31 - </DATELINE><BODY>Innovex  Inc said it has completed
+the purchase of substantially of the interest in Lucht
+Engineering Inc that it did not already own.
+    Prior to this move Innovex owned 79 pct of Lucht, the
+company said.
+    Innovex said it bought the shares by exchanging 293,101
+shares of unregistered Innovex common stock. Innovex president,
+Thomas Haley, said the exchange is non-dilutive and will cause
+a slight increase in Innovex's fully diluted earnings per share
+during the last half of fiscal 1987.
+    Lucht will continue to function as a unit of Innovex,
+Innovex said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17785" NEWID="11723">
+<DATE>31-MAR-1987 17:21:31.87</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2771&#31;reute
+r f BC-FUTURE-   03-31 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OIL PRICES SAID NOW BASED ON FUTURES PRICE</TITLE>
+<DATELINE>     SAN ANTONIO, TEXAS, March 31 - </DATELINE><BODY>Energy futures now set the
+standard for oil pricing, said Arnold Safer, president of The
+Energy Futures Group Inc, a consulting firm.
+     "Petroleum futures trading at the New York Mercantile
+Exchange literally set spot market prices in the U.S.," he
+said, adding that some oil products sellers now offer contracts
+based on a daily average of NYMEX prices.
+     He also said that petroleum futures are a major market for
+oil companies as well as for commodity traders. His remarks
+were made at the National Petroleum Refiners Association.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17786" NEWID="11724">
+<DATE>31-MAR-1987 17:26:53.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2775&#31;reute
+r f BC-MCO-RESOURCES-INC-&lt;MC   03-31 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCO RESOURCES INC &lt;MCR> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, March 31 - 
+    </DATELINE><BODY>Shr loss 1.37 dlrs vs 1.59 dlrs
+    Net loss 38.6 mln vs 42.5 mln
+    Revs 31.4 mln vs 59.4 mln
+    Note: 1986 net includes pretax writedown of 23 mln on oil
+and gas properties and a 30.3 mln non-cash provision for
+impairment of geothermal property.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17787" NEWID="11725">
+<DATE>31-MAR-1987 17:35:13.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2785&#31;reute
+r f BC-LINEAR-FILMS-&lt;LNER>-S   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINEAR FILMS &lt;LNER> SEES LOWER FOURTH QTR NET</TITLE>
+<DATELINE>    TULSA, March 31 - </DATELINE><BODY>Linear Films Inc said it sees lower
+earnings in the fourth quarter ending March 31 compared with a
+year ago due to lower profit margins on stretch film from price
+increases of polyethelene resin, a key raw material.
+    In last year's fourth quarter it earned 1,235,000 dlrs or
+19 cts a share, a spokesman said.
+    The company said it is raising its stretch film prices by
+six pct as of April 15 to reflect the higher costs of
+polyethelene resin. It also said sale volume of stretch film in
+the fourth quarter was lower than anticipated, although it has
+returned to normal in recent weeks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17788" NEWID="11726">
+<DATE>31-MAR-1987 17:36:19.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2789&#31;reute
+r f BC-AUDITORS-QUALIFY-MCO   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDITORS QUALIFY MCO RESOURCES &lt;MCR> REPORT</TITLE>
+<DATELINE>    HOUSTON, March 31 - </DATELINE><BODY>MCO Resources Inc said its independent
+auditors have qualified their opinion on the company financial
+statements for 1986, in which it posted a net loss of 38.6 mln
+dlrs or 1.37 dlrs a share on revenues of 31.4 mln.
+    MCO said the qualfied opinion related to its realization of
+the carrying amount of its geothermal property and its ability
+to continue as an ongoing concern, which is dependent upon the
+restructuring of the company's bank debt and other obligations,
+resolution of the uncertainties surrounding its geothermal
+operations and the success of future operations.
+    The company said its capital spending for 1987 has been
+virtually eliminated and that an additional staff reduction of
+about 20 pct is being implemented today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17789" NEWID="11727">
+<DATE>31-MAR-1987 17:37:12.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2793&#31;reute
+r f BC-INTERNATIONAL-LEASE-F   03-31 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL LEASE FINANCE &lt;ILFC> 1ST QTR NET</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., March 31 -
+    </DATELINE><BODY>Shr 22 cts vs 13 cts
+    Net 7,121,000 vs 4,481,000
+    Revs 37.4 mln vs 22.8 mln
+    Avg shrs primary 30,067,000 vs 29,735,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17790" NEWID="11728">
+<DATE>31-MAR-1987 17:37:48.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2794&#31;reute
+u f BC-ARCO-&lt;ARC>-SAYS-NET-T   03-31 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARCO &lt;ARC> SAYS NET TO COVER DIVIDEND PAYOUT</TITLE>
+<DATELINE>    LOS ANGELES, March 31 - </DATELINE><BODY>Atlantic Richfield Oil Co said it
+expects first quarter net income to cover its dividend
+requirements in the quarter.
+    The company paid a quarterly dividend of one dlr a share
+earlier this month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17791" NEWID="11729">
+<DATE>31-MAR-1987 17:37:55.54</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2795&#31;reute
+u f BC-EGYPT-TENDERS-THURSDA   03-31 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT TENDERS THURSDAY FOR OPTIONAL ORIGIN CORN</TITLE>
+<DATELINE>    KANSAS CITY, March 31 - </DATELINE><BODY>Egypt will tender Thursday for
+200,000 tonnes of optional origin corn, U.S. number two or
+equivalent, 14.5 pct moisture, for late April shipment, private
+export sources said.
+    Shipment will be from the Gulf or Great Lakes if U.S.
+origin, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17792" NEWID="11730">
+<DATE>31-MAR-1987 17:40:18.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2799&#31;reute
+r f BC-SERVOTRONICS-&lt;SVT>-SE   03-31 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVOTRONICS &lt;SVT> SETS 10 PCT STOCK DIVIDEND</TITLE>
+<DATELINE>    BUFFALO, N.Y., March 31 - </DATELINE><BODY>Servotronics Inc said it declared
+a 10 pct stock dividend, payable May 15 to shareholders of
+record April 21.
+    The company last declared a stock dividend, also 10 pct, in
+March 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17793" NEWID="11731">
+<DATE>31-MAR-1987 17:43:52.68</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2807&#31;reute
+b f BC-******STANDARD-OIL-RA   03-31 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>STANDARD OIL RAISES ALASKA NORTH SLOPE BY 1.50 DLRS, effective APRIL ONE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17794" NEWID="11732">
+<DATE>31-MAR-1987 17:44:46.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>france</D><D>italy</D><D>canada</D><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2809&#31;reute
+u f BC-IMF-SEES-INDUSTRIAL-N   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF SEES INDUSTRIAL NATIONS GROWING ONLY 2.5 PCT</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The International Monetary Fund
+predicts that the industrial world will grow a sluggish 2.5 pct
+in 1987, a sharp drop from the more than three pct forecast six
+months ago, monetary sources said.
+    The forecasts, prepared by the IMF staff, will form the
+basis of a debate on economic policy coordination by officials
+of top industrial nations at high-level meetings next week.
+    The sources said the IMF predicts an expansion of just 2.5
+pct in the U.S., shaving a full one point off its original 1987
+forecast, released last fall.
+    The figures will be discussed by the IMF's executive board
+before going to the IMF's policy-making Interim Committee here
+next week and may be subject to slight revision, they said.
+    The Reagan administration has forecast 3.2 pct U.S.
+economic growth this year while more pessimistic Fed officials
+are predicting 2.5 to three pct.
+    The sources said the IMF also predicts growth of around 
+2.5 pct in West Germany, and 2.8 pct in Japan.
+    Washington has extracted promises from both West Germany
+and Japan that they will take measures to bolster their
+domestic economic growth, to help reduce the massive gap
+between their huge trade surpluses and the record American
+trade deficit.
+    Poor economic growth figures in these two nations and the
+U.S. are likely to do little to reassure currency markets.
+    In recent days, the dollar has come under heavy selling
+pressure as markets have grown cynical that Bonn and Tokyo will
+take early action.
+    With no economic stimulus in sight, financial markets have
+reduced the dollar's value to levels that are more likely to
+balance U.S. trade, monetary analysts say.
+    Monetary sources also said the IMF forecasts overall growth
+in developing nations of around three pct this year, with
+developing countries in the western hemisphere -- the
+Caribbean, Central and South America -- expanding 3.3 pct.
+    In its recent annual report, the Inter-American Development
+Bank said Latin American nations need to expand between four
+and five pct this year to service their 382 billion dlrs of
+foreign debt.
+    Non-oil exporting Third World nations should achieve an
+expansion of around four per cent while oil exporting nations
+will average almost no growth at all, the sources said.
+    Also short of the mark is the level of industrial country
+growth. Western officials maintain the industrial world needs
+to expand at least three per cent annually -- against this
+year's initial IMF prediction of 2.5 pct -- in order to support
+the export drive of debtor nations.
+    Exports provide the indebted world, which owes western
+creditors some 900 billion dlrs, with its principal source of
+foreign exchange for debt repayments.
+    In other forecasts, the IMF put overall global growth at
+about 2.8 pct and output in the seven leading industrial
+nations at around 2.5 pct.
+    The seven -- the United States, Japan, West Germany,
+Britain, France, Italy and Canada -- have become the main forum
+for coordination of medium-term economic policies in the
+industrial world. The prediction for the seven is also around
+2.5 pct growth in 1987.
+    The Fund put Canadian growth at about 2.7 pct, the French
+expansion at 2.9 pct and Britain at 2.8 pct.
+    The figures will be discussed as part of an overall debate
+on the World Economic Outlook and the U.S. debt strategy by the
+Interim Committee.
+    Those talks are one of several meetings between top
+economic officials of industrial and developing nations during
+the semi-annual meetings of the IMF and the World Bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17795" NEWID="11733">
+<DATE>31-MAR-1987 17:46:13.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2813&#31;reute
+d f BC-SERVOTRONICS-INC-&lt;SVT   03-31 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVOTRONICS INC &lt;SVT> YEAR NET</TITLE>
+<DATELINE>    BUFFALO, N.Y., March 31 - 
+    </DATELINE><BODY>Oper shr 50.4 cts vs 48.7 cts
+    Oper net 688,000 vs 665,000
+    Revs 12.3 mln vs 10.7 mln
+    Note: Oper excludes tax credits of 559,000 vs 537,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17796" NEWID="11734">
+<DATE>31-MAR-1987 17:49:18.23</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f2819&#31;reute
+u f BC-fin-futures-outlook   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURRENCY FUTURES CLIMB LIKELY TO BE CHECKED</TITLE>
+<AUTHOR>    By Leslie Adler, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, March 31 - </DATELINE><BODY>The surge in currency futures since
+Friday on the heels of the Reagan administration's proposed
+tariffs on Japanese imports is likely to be curtailed in the
+coming week, financial analysts said.
+    "The market is taking a breather now, and I would expect it
+to last a little longer," said Craig Sloane, a currency analyst
+with Smith Barney, Harris, Upham and Co.
+    Profit-taking, which robbed the currency futures of some
+momentum today, is likely to continue, he said.
+    Central banks are likely to play a role in halting the
+advance in currencies through intervention, the analysts said,
+even though the dollar fell to a 40-year low against the
+Japanese yen on Monday despite Bank of Japan intervention.
+    Treasury Secretary James Baker's comments that the G-6
+nations remain committed to the Paris accord, coupled with his
+refusal to give any targets for exchange rates, provided a note
+of stability to the market Tuesday, the analysts said.
+    Furthermore, Merrill Lynch Economics analyst David Horner
+said G-6 central banks haven't yet shown the full force of
+their commitment to the Paris accord.
+    "I'm among those who believe the G-6 have a plan behind the
+scenes," Horner said.
+    Horner said more forceful central bank intervention will
+firm the dollar and cap the rise in currency futures.
+    "Coordinated, punishing intervention" by the central banks
+-- in contrast to the recent rolling intervention which has
+only smoothed out the market -- is in the offing, according to
+Horner.
+    "I think we're near the top of the range in the Europeans
+(currencies)," he said.
+     On the other hand, the upside target for the yen, which
+set a new contract high today at 0.006916 in the June contract,
+is at 0.007050, Horner said.
+    Still, other analysts believe currency futures have yet to
+peak.
+    "The basic trend in the currencies is higher," said Anne
+Parker Mills, currency analyst with Shearson Lehman Brothers
+Inc. "The market wants to take the dollar lower."
+    Uncertainty over central bank action and nervousness over a
+G-5 meeting next week in advance of a meeting of the
+International Monetary Fund could make for choppy price
+activity the remainder of the week, Mills said.
+    In addition, although the market shrugged off relatively
+healthy gains in February U.S. leading economic indicators and
+factory orders Tuesday, economic data could play a larger role
+in coming sessions, the analysts said.
+    Friday's employment statistics in particular will be
+closely watched, Sloane said, adding that a forecast rise of
+250,000 in non-farm payroll jobs should underpin the dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17797" NEWID="11735">
+<DATE>31-MAR-1987 17:49:37.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2821&#31;reute
+h f BC-SKY-EXPRESS-&lt;SKYX>-PR   03-31 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SKY EXPRESS &lt;SKYX> PRESIDENT PLEADS GUILTY</TITLE>
+<DATELINE>    VALLEY STREAM, N.Y., March 31 - </DATELINE><BODY>Sky Express Inc said its
+president and chief operating officer, John Cerrito Sr, pleaded
+guilty to one charge of evading his personal income taxes in
+1983.
+    The company said a sentencing date has not yet been set.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17798" NEWID="11736">
+<DATE>31-MAR-1987 17:55:24.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2839&#31;reute
+r f BC-&lt;POCO-PETROLEUMS-LTD>   03-31 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;POCO PETROLEUMS LTD> 1ST QTR JAN 31 NET</TITLE>
+<DATELINE>    CALGARY, Alberta, March 31 -
+    </DATELINE><BODY>Shr eight cts vs 30 cts
+    Net 1,100,000 vs 3,900,000
+    Revs 14.9 mln vs 20.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17799" NEWID="11737">
+<DATE>31-MAR-1987 18:00:31.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2841&#31;reute
+u f BC-TACO-VILLA&lt;TVLA>-IN-D   03-31 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TACO VILLA&lt;TVLA> IN DEBT TALKS, MAY SELL ASSETS</TITLE>
+<DATELINE>    DALLAS, March 31 - </DATELINE><BODY>Taco Villa Inc said it is holding talks
+with RepublicBank Corp &lt;RPT> to restructure its loan payments
+and waive some financial convenants on its debt.
+    It also said it may sell certain assets to repay the bank
+borrowings, and is holding talks with interested parties. It
+expects to write down some previously acquired assets, but the
+company did not say by how much.
+    At the end of 1986 it had 11 mln dlrs in bank debt
+outstanding with a 1.7 mln dlr payment due May one. It is also
+seeking to extend 1.2 mln dlrs of mortgage payments due this
+year, and is in talks to extend other debt payments.
+    The company said it previously reported special charges of
+nine mln dlrs in the fourth quarter from losses on restaurant
+closings, lease termination costs, contract settlements and
+severance arrangements.
+    Since it has not yet decided how to treat the additional
+writedowns and debt, it has delayed its 1986 financial
+statement. It said it expects to file an amendment to its form
+10-K but did not say when the amended filing would be made.
+    The company said it hoped to resolve its debt problems in
+the near future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17800" NEWID="11738">
+<DATE>31-MAR-1987 18:00:45.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2843&#31;reute
+u f BC-LIPOSOME   03-31 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LILLY &lt;LLY> CUTS LIPOSOME CO &lt;LIPO> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>Eli Lilly and Co told the Securities
+and Exchange Commission it cut its stake in Liposome Co Inc to
+500,000 shares, or 4.0 pct of the total outstanding common
+stock, from 900,000 shares or 7.3 pct.
+    Lilly said it sold 400,000 Liposome common shares on March
+17 at eight dlrs each.
+    As long as Lilly's stake in Liposome is below five pct, it
+is not required to report any further dealings it has in the
+company's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17801" NEWID="11739">
+<DATE>31-MAR-1987 18:10:51.08</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2855&#31;reute
+u f BC-GRAIN-REPORTS-IMPROVE   03-31 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN REPORTS IMPROVE U.S. FARM OUTLOOK-ANALYSTS</TITLE>
+<DATELINE>    CHICAGO, March 31 - </DATELINE><BODY>The U.S. grain planting intentions and
+stocks reports bear optimistic news for U.S agriculture, a
+grain analyst on a Chicago Board of Trade panel said.
+    The decline in intended soybean acreage and lower stocks
+are "the first report we've had for a long time that shows any
+optimism for anybody," said John "Bud" Frazier, grain analyst
+and executive vice president for Balfour MacLaine, Inc.
+    "I'm really excited about it," Frazier said.
+    The U.S. Department of Agriculture said farmers intend to
+plant 67.6 mln acres of corn, down from 76.7 mln planted last
+year, and 56.8 mln acres of soybeans, down from 61.5 mln.
+    The report showed March 1 stocks of 1.4 billion bushels of
+soybeans, 8.3 billion bushels of corn, and 2.3 billion bushels
+of wheat, all below trade guesses.
+    Frazier was joined by Susan Hackmann, senior grain analyst
+with AgriAnalysis, and Mark Meyer, a grain analyst with
+Shearson Lehman Brothers, Inc., on a Chicago Board of Trade
+panel to discuss the reports.
+    Frazier said the stocks reports in particular were friendly
+for the market, and soybean prices would jump three to five
+cents a bushel "if the bell rang right now."
+    "We're getting our disappearance up. We have less (corn and
+soybeans) than we thought we had," he said, noting that hog and
+poultry production is up.
+    "We're seeing low prices generate some interest in demand,"
+said Meyer, adding that feed use was up 13 pct last quarter and
+15 pct in the preceding quarter.
+    However, Hackmann said production could continue to exceed
+consumption.
+    She noted that most of the reductions in soybean acres came
+in southeastern states, where yields are usually low.
+    "We have the potential for record breaking soybean yields
+this year, (which) will temper the enthusiasm on tomorrow's
+opening," she said.
+    Hackmann said record corn yields also are possible, and the
+crop could reach 7.1 billion bushels, which would be down from
+last year's 8.25 billion bushels.
+    "We'll need very good disappearance next year to reduce
+stocks," she said. The USDA estimated disappearance last year
+at 6.7 billion bushels.
+    Hackmann said the stocks report was positive for the long
+term, "But we still have a long way to go to bring stocks down
+to where we could start rebuilding prices."
+    Frazier also cautioned that the soybean acreage report
+could prompt farmers to change their plans and plant more
+soybeans.
+    The panelists agreed that the reports should discourage
+talk of revising the 1985 farm bill.
+    "There seems to be no desire ... to change the farm law
+we're working under today, and this report should reinforce
+that," Frazier said.
+    "We are seeing the program beginning to work," said Meyer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17802" NEWID="11740">
+<DATE>31-MAR-1987 18:12:55.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2858&#31;reute
+u f AM-ISRAEL-BUDGET   03-31 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAELI PARLIAMENT PASSES NEW BUDGET</TITLE>
+<DATELINE>    JERUSALEM, March 31 - </DATELINE><BODY>Israel's parliament passed a 25
+billion dollar state budget that lowers the taxes of highest
+wage earners in an effort to stimulate worker productivity,
+State Radio said.
+    Israelis are one of the most heavily taxed people in the
+world. Under the new budget, about a quarter of which will go
+to defence, highest wage earners will pay income tax of 48 per
+cent instead of the current 60 per cent.
+    The bill passed less than an hour before the start of the
+new fiscal year on April 1. It was held up by debates over
+specific programs such as education fees and social benefits
+for low wage earners.
+    The radio said the budget passed by a wide majority. Last
+year's budget was about 19 billion dollars.
+    In January, Israel devalued its shekel currency by 9.75 per
+cent against the U.S. Dollar and the government agreed to lower
+taxes of high wage-earners in an effort to stimulate exports
+and productivity.
+    The government, trade unions and industrialists in January
+also agreed to extend 18-month-old price controls until March
+1988 in an effort to avert labour unrest and a return to hyper-
+inflation. Because of the controls, inflation dropped to 20 per
+cent in 1986 from more than 400 per cent in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17803" NEWID="11741">
+<DATE>31-MAR-1987 18:14:13.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2861&#31;reute
+r f BC-SHARON-STEEL-EXTEND-E   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHARON STEEL EXTEND EXCHANGE OFFERS</TITLE>
+<DATELINE>    MIAMI, March 31 - </DATELINE><BODY>&lt;Sharon Steel Corp> said it extended to
+April 30 the expiration date of the offers to exchange its
+outstanding 13.5 pct subordinated sinking fund debentures due
+2000 and outstanding 14.25 pct subordinated sinking fund
+debentures due 1999.
+    The company said it extended the offers to allow more time
+to complete the previously announced sale of its Mueller Brass
+Co unit, to conclude a definitive agreement with the United
+Steel Workers Union and to meet the conditions of the Mueller
+sale and exchange offers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17804" NEWID="11742">
+<DATE>31-MAR-1987 18:15:12.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2862&#31;reute
+u f BC-LEADING-BRAZILIAN-POL   03-31 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEADING BRAZILIAN PARTY SUPPORTS MORATORIUM</TITLE>
+<DATELINE>    BRASILIA, MARCH 31 - </DATELINE><BODY>Brazil's leading political party has
+expressed full support to President Jose Sarney's decision
+suspending interest payment of 68 billion dollars owed to
+private foreign banks.
+    Besides expressing its support, the government's Brazilian
+Democratic Movement Party (PMDB) urged Sarney to keep on with
+his decision "up to the last consequences."
+    Conducted by veteran party leader Ulysses Guimaraes, head
+of Brazil's Constituent Assembly, the PMDB praised Finance
+Minister Dilson Funaro for his courage to propose suspension of
+interest payment of the debt for an indefinite period.
+    The Brazilian government announced suspension of interest
+payment on part of its 109-billion dlrs foreign debt on
+February 20.
+    "The road to dignity has no return," said a document issued
+by the PMDB.
+    The party said the government's decision also had the
+support of all sectors of society, including the governors of
+22 Brazilian states.
+    The statement said Brazil had two ways to take: "A return,
+by way of submission to manoeuvres and outside pressure... Or
+the way which leads the country to its independence."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17805" NEWID="11743">
+<DATE>31-MAR-1987 18:16:17.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2864&#31;reute
+d f BC-ACCELERATION-&lt;ACLE>-C   03-31 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACCELERATION &lt;ACLE> CUTS STAKE IN UNITED COASTS</TITLE>
+<DATELINE>    DUBLIN, Ohio, March 31 - </DATELINE><BODY>Acceleration Corp said it sold a
+24.9 pct stake in the common stock of &lt;United Coasts Corp> to
+the &lt;Sheet Metal Workers' National Pension Fund>.
+    The company said it agreed to sell the fund an additional
+5.1 pct of Hartford, Conn.-based United when the fund receives
+approval from the director of insurance of the state of
+Arizona.
+   The company said today's sale reduced its holdings in United
+to 25 pct. The second sale, when completed, will lower its
+stake to 19.9 pct, Acceleration said.
+    The company said the proceeds from both sales will be
+roughly equal to the 3,330,000 dlrs it originally invested in
+United Coasts in late 1985 even though it will retain a 19.9
+pct stake.
+    Acceleration said it plans to include gains from the stock
+sales in its results for the first and second quarters of 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17806" NEWID="11744">
+<DATE>31-MAR-1987 18:20:54.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2872&#31;reute
+u f BC-CYCLOPS   03-31 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPPENHEIMER SELLS SIX PCT CYCLOPS &lt;CYL> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 30 - </DATELINE><BODY>Oppenheimer, the brokerage and
+investment subsidiary of Oppenheimer Group Inc, told the
+Securities and Exchange Commission it sold its entire 6.0 pct,
+stake of Cyclops Corp.
+    Oppenheimer said it sold the 243,400-share stake on March
+27 at 95.00 dlrs a share.
+    It said it initially bought the stock in connection with
+risk arbitrage and other investment activities in the ordinary
+course of its business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17807" NEWID="11745">
+<DATE>31-MAR-1987 18:21:19.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2873&#31;reute
+r f BC-GULF-STATES-&lt;GSU>-SUB   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF STATES &lt;GSU> SUBMITS FINANCING PLAN</TITLE>
+<DATELINE>    AUSTIN, Texas, March 31 - </DATELINE><BODY>Gulf States Utilities Co said it
+filed a 266 mln dlr financing plan with Texas regulators and
+asked for quick approval so that it can implement a previously
+approved 39.9 mln dlr interim rate increase.
+    In the filing with the Texas Public Utilities Commission,
+Gulf States said it listed six sources of funding that it
+believes meet the commission's requirement that it obtain 250
+mln dlrs in credit and other financing before it can institute
+the interim rate hike.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17808" NEWID="11746">
+<DATE>31-MAR-1987 18:27:52.91</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2879&#31;reute
+u f BC-ANALYSTS-SEE-SLOW-MOV   03-31 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSTS SEE SLOW MOVE TO HIGHER U.S. PRIME RATE</TITLE>
+<AUTHOR>    By Martin Cherrin, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>Quarter-point prime rate increases to
+7-3/4 pct by Citibank and Chase Manhattan Bank today will be
+followed by other banks only after they see clearer signs of
+the Federal Reserve's policy intentions, economists said.
+    "Based on the spread between banks' cost of funds and the
+prime rate, it probably makes sense for others to follow, but
+no rush is likely," said Paul McCulley of E.F. Hutton and Co.
+    Citibank's surprise base rate increase, quickly followed by
+Chase, sent U.S. bond prices lower and the dollar higher.
+    McCulley said that once the spread between three-month
+certificates of deposit and the prime rate narrows to less than
+1-1/2 percentage points, there is a strong chance of a prime
+rate increase. It has been under 1-1/4 points recently.
+    However, banks are likely to hold rate increases until they
+see what the Fed intends to do about interest rates in the near
+term, analysts said. They noted that banks historically like to
+follow Fed rate movements, rather than lead them. For example,
+the last prime rate increase occurred in June 1984 when banks
+lifted the rate to 13 pct from 12-1/2 pct after a Fed discount
+rate increase in April of that year.
+    Major banks had been posting a 7-1/2 pct prime rate since
+last August 26/27, when they lowered the rate from eight pct
+shortly after the Fed's half-point discount rate cut to the
+current 5-1/2 pct level on August 20.
+    "The banks will not rush to raise their prime rates. There
+should be a split prime for a while with some posting a 7-1/2
+pct rate and others 7-3/4 pct," said David Jones of Aubrey G.
+Lanston and Co.
+    Jones said the Federal Open Market Committee at today's
+meeting voted no change in Fed policy. But he said the Fed may
+well foster higher interest rates soon.
+    Jones said that, while the FOMC probably voted no policy
+change today, it may have decided to apply slight upward rate
+pressure later if the dollar weakens, inflation pressures heat
+up or the economy shows sign of strong recovery.
+    "The Fed clearly indicated that they did not intend to
+tighten policy when they did today's coupon pass," said Joseph
+Liro of S.G. Warburg and Co.
+    In a move that came a day earlier than most expected, the
+Fed today supplied permanent reserves to the banking system by
+offering to buy all maturities of Treasury notes and bonds for
+its own account. This seasonal reserve add is called a "pass."
+    "The Fed demonstrated that there has been no policy
+change," said Elizabeth Reiners, economist at Dean Witter
+Reynolds Inc. 
+    She said the spread between banks' cost of funds and the
+prime rate is now around 137 basis points compared with a 153
+basis point average in 1986. Reiners said the spread is not
+really narrow enough to present a clear need for a prime rate
+increase.
+    The Dean Witter economist said that today's prime rate rise
+"may have been less a response to interest rates than an
+attempt to enhance the (balance sheet) bottom line."
+    Reiners said that, given recent problems with loans to
+developing countries, large money center banks with heavy
+exposures might be the first to match the higher prime rate in
+an effort to get more profitable spreads on other loans.
+    The Federal funds rate at which banks lend overnight money
+to one another could help determine how many banks match the
+higher prime rate and also how quickly they move.
+    In raising their prime rates, banks cited a higher cost of
+funds. In the three business days through Monday, the Federal
+funds rate at which banks lend to one another averaged nearly
+6-1/4 pct. But quarter end pressures helped push up funds.  
+    The Fed funds rate was extremely volatile today, reflecting
+demand pressure associated with the end of the quarter and the
+close of the Japanese fiscal year. Funds traded between five
+and 6-3/4 pct.
+    Once the special distortions end, analysts said the funds
+rate probably will return to its recent trading level in the
+6-1/8 pct area. They said that, if it stabilizes near there,
+banks may not quickly boost their prime rates.
+    But a consistently higher funds rates would suggest to many
+that the Fed was fostering somewhat higher interest rates to
+help the dollar. Then banks would lift prime rates quickly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17809" NEWID="11747">
+<DATE>31-MAR-1987 18:32:23.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2881&#31;reute
+r f BC-COMPUTER-AIDED-&lt;CADS>   03-31 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER AIDED &lt;CADS>, MCDONNELL &lt;MD> IN PACT</TITLE>
+<DATELINE>    EDEN PRAIRIE, Minn., March 31 - </DATELINE><BODY>Computer Aided Time Share
+Inc said it has signed an agreement with McDonnell Douglas
+Corp's manufacturing and engineering systems unit under which
+it will market McDonnell's crossroads software package to
+dealers in 11 states in the upper Midwest.
+    Crossroads is McDonnell Douglas' personal computer-based
+computer aided design/drafting software package, it said.
+    Terms call for Computer Aided to buy a minimum of 500,000
+dlrs in software over the first 12 months beginning April one.
+If Computer meets the commitment, McDonnell will not set up
+other regional distributors in the 12 months, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17810" NEWID="11748">
+<DATE>31-MAR-1987 18:34:36.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2883&#31;reute
+r f BC-TOSCO   03-31 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TISCH BROTHERS LOWER TOSCO &lt;TOS> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>An investment partnership led by
+four sons of Loews Corp &lt;LTR> Chairman Lawrence Tisch said it
+cut its Tosco Corp stake to the equivalent of 1,499,985 shares,
+or 4.95 pct of the total, from 1,666,650 shares, or 5.5 pct.
+    In a filing with the Securities and Exchange Commission,
+the partnership, FLF Associates, said it sold 10,000 shares of
+Serier E convertible preferred stock on March 26 for 34.125
+dlrs each and 5,000 shares of preferred stock on March 27 at
+35.25 dlrs each. The sales leave the Tisch brothers with
+135,000 shares of preferred stock which can be converted into
+1,499,985 shares of common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17811" NEWID="11749">
+<DATE>31-MAR-1987 18:37:16.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2886&#31;reute
+u f BC-U.S.-HOUSE-DEMOCRATS   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE DEMOCRATS SET 36 BILLION DLR CUT</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>House Democratic budget writers hope
+to win budget committee approval of a budget package to cut the
+deficit more than 36 billion dlrs perhaps as early as tomorrow,
+committee sources said.
+    After several weeks of closed sessions, Democrats are ready
+to present to the full committee tomorrow a package to cut the
+congressionally estimated 171 billion dlr deficit in 1988 by
+about 36 billion dlrs, half through revenues.
+    The plan could cut 9 billion dlrs from defence spending
+levels of 290.5 billion and 9 billion dlrs from many domestic
+programs, excluding Social Security.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17812" NEWID="11750">
+<DATE>31-MAR-1987 18:37:36.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2888&#31;reute
+d f BC-NATURE'S-BOUNTY-INC-&lt;   03-31 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATURE'S BOUNTY INC &lt;NBTY> YEAR LOSS</TITLE>
+<DATELINE>    BOHEMIA, N.Y., March 31 - 
+    </DATELINE><BODY>Shr loss 10 cts vs loss 38 cts
+    Net loss 393,241 vs loss 1,384,334
+    Revs 43.6 mln vs 40.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17813" NEWID="11751">
+<DATE>31-MAR-1987 18:38:11.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2889&#31;reute
+r f BC-COMINCO-&lt;CLT>-SELLS-S   03-31 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO &lt;CLT> SELLS STAKE IN CANADA METAL</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, March 31 - </DATELINE><BODY>Cominco Ltd said it
+sold its 50 pct stake in Canada Metal Co Ltd to Canada Metal
+senior management for an undisclosed sum.
+    Cominco said the sale was part of its previously announced
+policy of divesting non-core businesses.
+    Canada Metal is a Toronto-based producer of lead alloys and
+engineered lead products.
+    Canada Metal production figures were not immediately
+available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17814" NEWID="11752">
+<DATE>31-MAR-1987 18:44:20.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2892&#31;reute
+u f BC-AUDITORS-GIVE-FIRST-C   03-31 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDITORS GIVE FIRST CITY &lt;FBT> QUALIFIED OPINION</TITLE>
+<DATELINE>    HOUSTON, March 31 - </DATELINE><BODY>First City Bancorp of Texas, which lost
+a record 402 mln dlrs in 1986, said in its annual report it
+expected operating losses to continue "for the foreseeable
+future" as it continues to search for additional capital or a
+merger partner.
+    The Houston-based bank's 1986 financial statements received
+a qualified opinion from its auditors, Arthur Andersen and Co.
+The auditors said their opinion was subject to First City
+eventually obtaining additional capital.
+    "The company believes that in order to address its
+long-term needs and return to a satisfactory level of
+operations, it will ultimately need several hundred million
+dollars of additional capital, or a combination with a more
+strongly capitalized entity," First City said in a note to its
+financial statements included in the annual report.
+    "Management believes that sufficient resources should be
+available to cover interim capital concerns while additional
+capital is being sought," the bank said.
+    To raise cash in the near-term, First City said it may sell
+or mortgage non-strategic assets, recover excess contributions
+to its pension plan and obtain special dividends from some of
+its member banks.
+    "The losses for 1987 are expected to be substantially less
+than in 1986," First City chairman J.A. Elkins said in a letter
+included in the annual report. "However, the ultimate return to
+satisfactory operating conditions is dependent on the
+successful resolution of the related problems of credit
+quality, funding and the eventual need for substantial
+additional capital."
+    First City said it anticipated that certain covenants of a
+credit agreement with unaffiliated banks requiring most of
+First City's excess cash to be applied to debt repayments would
+be modified by the end of the first quarter in order to avoid
+default.
+    The banks agreed to similar amendments to the covenants
+last year and First City has reduced its borrowings from 120
+mln dlrs at 1986 yearend to 68.5 mln dlrs in recent weeks.
+    Although the parent company's capital adequacy ratios
+exceeded regulatory minimum requirements at the end of 1986,
+First City said its two largest subsidiaries did not. First
+City National Bank of Houston had a primary capital ratio of
+5.34 pct and First City Bank of Dallas had a 4.75 pct ratio.
+    Hard-hit by the collapse in oil and Texas real estate
+prices, First City's net loan chargeoffs totaled 366 mln dlrs
+last year, up from 261 mln dlrs in 1985. The bank more than
+doubled its loan loss provision to 497 mln dlrs at the end of
+1986.
+    First City said chargeoffs and paydowns reduced its total
+energy loan portfolio by 32 pct during 1986, to 1.4 billion
+dlrs at year-end, adding that future energy chargeoffs "should
+be more modest." The amount represented 15 pct of First City's
+total loans.
+    In real estate, First City said its nonperforming assets
+nearly doubled last year to 347 mln dlrs at year-end.
+Chargeoffs of real estate loans rose to 32 mln dlrs, or nine
+pct of total loan chargeoffs, and the bank said the amount
+could go higher.
+    "The company still faces uncertainties in the real estate
+market and anticipates further deterioration in the pportfolio
+so long as the regional recession persists," First City said.
+"Because the carrying value of many of these loans is
+collateral dependent, a further decline in the overall value of
+the collateral base could cause an increase in the level of
+real estate-related chargeoffs."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17815" NEWID="11753">
+<DATE>31-MAR-1987 18:48:13.83</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2901&#31;reute
+r f BC-U.S.-FED-EXPLORES-COM   03-31 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FED EXPLORES COMMODITY BASKET INDEX</TITLE>
+<AUTHOR>    By Alver Carlson, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, MARCH 31 - </DATELINE><BODY>The complex task of wielding control
+over monetary policy in an increasingly fast-moving global
+economy could be aided by tying policy to commodity prices, the
+newest member of the Federal Reserve Board says.
+    Commodity prices are already considered by the Fed in the
+making of monetary policy. But they would be given a much
+greater role under an idea being floated by Governor Robert
+Heller, who joined the board last August.
+    He conceeds that much more study of the idea is needed, but
+argues that such an arrangement, particularly if it were
+adopted by other major industrial countries, could reduce the
+volatility of exchange rates.
+    Moreover, it could help stabilize of the prices of
+commodities themselves, slowing changes in inflation.
+    His idea, which many conservative economists find
+appealing, has some backing among board members appointed in
+recent years by President Reagan.
+    It would complement the present system of opening or
+closing the monetary screws based on the pattern of inflation,
+key indicators such as unemployment, and the rise or fall of
+the money supply. Changes in the money supply can lead to
+changes in interest rates and affect economic activity
+directly.
+    Discussed on and off for a long time, the commodity concept
+is part of a growing search for a system that anchors monetary
+policy and widely-fluxtuating currency prices to a more solid
+base.
+    "What is needed is an anchor or reference point that can
+serve as a guide for both domestic and international monetary
+purposes," says Heller.
+    In the past, this anchor was gold but the United States
+went off the gold standard because the global economy had
+vastly outstripped gold supplies.
+    A return to the gold standard is generally dismissed out of
+hand by most policymakers on the grounds that the largest
+producers of gold are the Soviet Union and South Africa.
+    The so-called fixed rate system, scuttled in the early
+1970s, is still considered unworkable in the present world.
+    But the current system of floating currencies in which
+currencies can fluxtuate widely, adding vast pressures to the
+monetary system, is also being widely questioned.
+    Some have suggested that the system might benefit from a
+formal approach that mandates intervention by countries when
+currencies wander above or below agreed to levels but there are
+major problems with this also.
+    For one thing, there is justifiable concern that countries
+might be relunctant to intervene if they felt it might be
+detrimental to their own domestic economy.
+    Moreover, some question whether concerted intervention can
+make much of an inpact if the overall market does not agree
+with the fundamental judgement.
+    The poorest countries have called for a monetary conference
+to work out a new system that, not surprisingly, helps them
+cope with their overpowering debt problems.
+    Treasury Secretary James Baker, the Reagan administration's
+chief economic architect, has preferred to use the so-called
+Group of Five industrial countries or sometimes, Seven, as a
+forum to work out cooperative agreements on currency and other
+economic matters.
+   He appears convinced that officials from West Germany,
+France, Britain, Japan, Italy and Canada talking quietly behind
+closed doors can reached reasoned decisions away from public
+posturing.
+   The Heller approach, while extremely complex, could have a
+profound impact on the system, ideally stabalizing prices and
+international exchange rates.
+    As envisioned by Heller, a basket of say, 30 major
+commodities ranging from wheat to oil, would be put together
+and prices would be measured on a regular basis.
+    "In times of rising commodity prices, monetary policy might
+be tightened and in times of falling commodity prices, montary
+policy might be eased," he says.
+    He notes that commodity prices are traded daily in auction
+markets, and a commodity price index can be calculated on a
+virtually continuous basis.
+    Moreover, most commodity prices are produced, consumed and
+traded on a world-wide basis, so "that an index has a relevance
+for the entire world," he says.
+    In addition, commodity prices are at the beginning of the
+production chain and serve as an imput into virtually all
+production processes.
+    "Focusing on commodity prices as an early and sensitive
+indicator of current and perhaps also future prices pressures,
+the monetary authorities may take such an index into account in
+making their monetary policy decisions," he says.
+    However, he says that any major change in a basic commodity
+such as occurred in oil during the 1970s because of action by
+the OPEC cartel, would have to be discounted in such a system.
+    He says the worst thing that could happen is to allow
+monetary policy to spread a freakish increase in one commodity
+to the rest of the system and to other commodities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17816" NEWID="11754">
+<DATE>31-MAR-1987 18:50:34.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2907&#31;reute
+d f BC-MICROBIOLOGICAL-SCIEN   03-31 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROBIOLOGICAL SCIENCES INC &lt;MBLS>4TH QTR LOSS</TITLE>
+<DATELINE>    DALLAS, March 31 - 
+    </DATELINE><BODY>Oper shr loss 10 cts vs profit nine cts
+    Oper net loss 387,000 vs profit 313,000
+    Revs 6,486,000 vs 5,613,000
+    Year
+    Oper shr loss two cts vs profit four cts
+    Oper net loss 96,000 vs profit 120,000
+    Revs 23.8 mln vs 21.3 mln
+    Note: 1986 oper excludes extraordinary gains of 299,000 for
+qtr and year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17817" NEWID="11755">
+<DATE>31-MAR-1987 18:50:46.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2908&#31;reute
+d f BC-DBA   03-31 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR GROUP CUTS DBA SYSTEMS &lt;DBAS> STAKE</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>A group led by New York investors
+David Bellet and Chester Siuda said it lowered its stake in DBA
+Systems Inc to 100,000 shares, or 3.7 pct of the total
+outstanding, from 170,000 shares, or 6.3 pct.
+    In a filing with the Securities and Exchange Commission,
+the group said it sold 70,000 DBA common shares between Feb 13
+and March 23 at prices ranging from 18.25 to 20.00 dlrs a
+share.
+    So long as the group's stake in DBA is below five pct, it
+is no longer required to report its further dealings in the
+company's common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17818" NEWID="11756">
+<DATE>31-MAR-1987 18:50:50.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2909&#31;reute
+s f BC-LOWELL-INSTITUTION-FO   03-31 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWELL INSTITUTION FOR SAVINGS &lt;LIFS> QTLY DIV</TITLE>
+<DATELINE>    LOWELL, Mass., March 31 - 
+    </DATELINE><BODY>Qtly div 7.5 cts vs 7.5 cts prior
+    Pay May 19
+    Record April 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17819" NEWID="11757">
+<DATE>31-MAR-1987 18:51:05.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2910&#31;reute
+r f BC-PROPOSED-OFFERINGS   03-31 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Mississippi Power Co, subsidiary of Southern Co &lt;SO> -
+Shelf offering of up to 200,000 shares of 100-dlr preferred
+stock.
+    Roy F. Weston Inc &lt;WSTNA> - Offering of 30 mln dlrs of
+convertible subordinated debentures due April 15, 2002 through
+Drexel Burnham Lambert Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17820" NEWID="11758">
+<DATE>31-MAR-1987 18:51:16.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2911&#31;reute
+d f BC-EARTHWORM-TRACTOR-CO   03-31 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EARTHWORM TRACTOR CO INC &lt;WORM> YEAR LOSS</TITLE>
+<DATELINE>    ARDSLEY, N.Y., March 31 - 
+    </DATELINE><BODY>Oper shr loss 11 cts vs profit two cts
+    Oper net loss 1,058,585 vs profit 282,998
+    Revs 24.4 mln vs 23.7 mln
+    Note: 1986 oper includes accrued interest of 686,914 from
+financing of capital goods transaction with Prudential Bache
+Trade Corp.
+    Year-ago oper excludes extraordinary gain of 121,000.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17821" NEWID="11759">
+<DATE>31-MAR-1987 18:58:07.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2924&#31;reute
+d f BC-SENTEX-&lt;SENS>-EXTENDS   03-31 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENTEX &lt;SENS> EXTENDS WARRANTS</TITLE>
+<DATELINE>    RIDGEFIELD, N.J., March 31 - </DATELINE><BODY>Sentex Sensing Technology Inc
+said it extended to April 9, 1988, from April 9, 1987, the
+expiration date of the warrants issued in connection with its
+public stock offering in April 1984.
+    The company said that it will voluntarily withdraw the
+warrants from the NASDAQ system on April six, 1987, to
+forestall speculation on their price.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17822" NEWID="11760">
+<DATE>31-MAR-1987 19:02:56.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2931&#31;reute
+d f BC-ATLANTA-GAS-&lt;AGLT>-FI   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTA GAS &lt;AGLT> FILES FOR NEW RATES</TITLE>
+<DATELINE>    ATLANTA, March 31 - </DATELINE><BODY>Atlanta Gas Light Co said it filed
+proposed new rates and charges with the Georgia PUblic SErvice
+Commission to increase annual revenues by 9.9 mln dlrs, an
+increase of less than one pct of total company revenues.
+    The proposal would raise average monthly residential bills
+by 24 cts to 52.84 dlrs.
+    Atlanta Gas also requested approval of a new policy on
+residential customer deposits. If approved, it would return
+about 10 mln dlrs of customer deposits it holds to an estimated
+210,000 residential customers. If approved the new rates would
+go into effect October 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17823" NEWID="11761">
+<DATE>31-MAR-1987 19:08:15.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f2936&#31;reute
+r f BC-BRAZIL-TO-MEET-BANK-C   03-31 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL TO MEET BANK CREDITORS ON APRIL 10</TITLE>
+<DATELINE>    NEW YORK, March 31 - </DATELINE><BODY>A Brazilian delegation, led by central
+bank president Francisco Gros, will meet Brazil's bank advisory
+committee here on April 10, said Citibank's William Rhodes as
+Chairman of the 14-bank committee.
+    Rhodes said in a statement that the parties are expected to
+discuss Brazil's economic plans and "interim arrangements." He
+did not elaborate further.
+    This meeting will be the first here since Brazil's
+unilateral suspension of interest payments on 68 billion dlrs
+of commercial bank debt on February 20. The two sides held
+inconclusive talks in Miami on March 22, bankers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17824" NEWID="11762">
+<DATE>31-MAR-1987 19:08:57.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2937&#31;reute
+f f BC-******EMERY-AIR-FREIG   03-31 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EMERY AIR FREIGHT CORP TO OFFER 40 DLRS/SHR FOR PUROLATOR COURIER CORP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17825" NEWID="11763">
+<DATE>31-MAR-1987 19:21:41.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2940&#31;reute
+u f BC-/EMERY-AIR-&lt;EAF>-TO-B   03-31 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMERY AIR &lt;EAF> TO BID FOR PUROLATOR &lt;PCC> </TITLE>
+<DATELINE>    WILTON, Conn., March 31 - </DATELINE><BODY>Emery Air Freight Corp said it
+plans to begin tomorrow a 40 dlr a share tender offer for 83
+pct of the outstanding common stock of Purolator Courier Corp.
+    The company said the tender offer is the first step in a
+plan to buy 100 pct of the Purolator shares.
+    Following the tender offer, Emery said it would offer 40
+dlrs of junior subordinated debentures for each remaining
+Purolator share outstanding.
+    On March one, Purolator agreed to a 35 dlr a share
+leveraged buyout by eight Purolator executives and EF Hutton
+LBO Inc, a unit of EF Hutton Group Inc.
+    Emery said it had tried unsuccessfully to open merger
+discussions with Purolator before the company accepted the
+management-led buyout offer.
+    In a letter to Purolator's chairman, Nicholas F. Brady,
+Emery's chairman, John C. Emery, said the company would still
+prefer to negotiate with Purolator.
+    But he said the imminent expiration of the leveraged buyout
+group's offer has forced the company to make an unsolicited
+tender offer of its own.
+    Emery said its offer is scheduled to expire at 2400 EST on
+April 28, unless extended.
+    The company said conditions of the offer include the
+receipt of at least two-thirds of Purolator's shares
+outstanding, on a fully diluted basis, and the repeal of its
+share purchase rights plan.
+    Emery said the offer is also subject to completion of the
+previously announced sale of Purolator's Canadian operations.
+    Emery said Chemical Bank, Bankers Trust, Morgan Guaranty
+Trust Co and Salomon Bros had agreed to provide financing for
+the tender offer.
+    It said the junior subordinated debentures to be issued in
+the subsequent merger will carry a 13 pct annual interest rate,
+payable twice a year.
+    For the first three years after the notes are issued,
+interest will be paid, at Emery's option, in cash or in
+additional notes, Emery said.
+    It added that the notes will not be subject to redemption
+for one year after they are issued.
+    Emery said Purolator would operate as a wholly owned unit
+of the company after the merger. It said it hoped Purolator's
+management would continue with the company.
+    "We believe that our two companies provide an excellent fit
+with each other and that the combination will enable each of us
+to better serve our existing customers and meet the challenges
+of the future," Emery's chairman said in his letter.
+    He said a merger would significantly enhance the financial
+turnaround that Purolator's management had previously forecast.
+    Officials at Purolator could not immediately be reached for
+comment on the offer, which was released several hours after
+the stock market had closed.
+    Emery's stock closed up 1/2 at 12-5/8.
+    Purolator closed at 34-7/8, off 5/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17826" NEWID="11764">
+<DATE>31-MAR-1987 19:51:33.33</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2950&#31;reute
+f f BC-Bank-of-Japan-buys-do   03-31 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bank of Japan buys dollars around 146.30 yen, dealers say
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17827" NEWID="11765">
+<DATE>31-MAR-1987 20:40:38.18</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2968&#31;reute
+u f BC-AUSTRALIAN-BROAD-MONE   03-31 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN BROAD MONEY GROWTH 10.3 PCT IN FEBRUARY</TITLE>
+<DATELINE>    SYDNEY, April 1 - </DATELINE><BODY>Australian annual broad money growth rose
+10.3 pct in February, unchanged from January, but down from the
+corresponding February growth rate of 13.9 pct, the Reserve
+Bank said.
+    February broad money growth was steady at 0.7 pct from the
+previous month and unchanged from February last year.
+    Borrowings from the private sector by non-bank financial
+intermediaries rose by 8.8 pct in the February year from
+January's 9.5 pct rise, compared with a 13.6 pct increase in
+the previous February year.
+    In February, borrowings from the private sector by non-bank
+financial intermediaries rose by 1.0 pct compared with
+January's 0.2 pct increase and the previous February rise of
+1.7 pct.
+    At the end of February, broad money stood at 177.1 billion
+dlrs up from January's 175.84 billion and compared with the
+previous February level of 160.60 billion.
+    The Reserve Bank last week reported a February M3 growth
+rate of 11.2 pct from January's 10.7 pct rise and a previous
+annual February increase of 14.0 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17828" NEWID="11766">
+<DATE>31-MAR-1987 21:18:15.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f2981&#31;reute
+u f BC-BRAZILIAN-FARMERS-STA   03-31 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN FARMERS STAGE FRESH PROTESTS</TITLE>
+<DATELINE>    SAO PAULO, March 31 - </DATELINE><BODY>Brazilian farmers, angry about high
+interest rates, staged fresh protests yesterday in the southern
+state of Rio Grande do Sul and three people died when a lorry
+careered into one of the farmers' roadblocks, police said.
+    A series of protests involving hundreds of thousands of
+farmers has disrupted rural towns since January as the growers
+blockade roads and bank offices with farm machinery.
+    The Estado de Sao Paulo news agency said about 300,000 of
+the 500,000 small farmers in Rio Grande do Sul took part in
+yesterday's protests. The state is a leading producer of grains
+and soybeans.
+    The Estado de Sao Paulo agency quoted Finance Minister
+Dilson Funaro as saying the government was very concerned about
+the farmers' situation and particularly about their credit
+problems.
+    The government provides limited cheap credits at 10 pct
+annual interest, but farmers are repaying bank loans at more
+than 400 pct since the recent surge in inflation.
+    Brazilian press reports say financial pressures have driven
+some farmers to suicide in recent weeks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17829" NEWID="11767">
+<DATE>31-MAR-1987 21:38:50.52</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f2985&#31;reute
+u f BC-ALCAN-AUSTRALIA-LIFTS   03-31 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN AUSTRALIA LIFTS ALUMINIUM INGOT PRICE</TITLE>
+<DATELINE>    SYDNEY, April 1 - </DATELINE><BODY>Alcan Australia Ltd said it increased the
+list price of 99.5 pct purity aluminium ingot to 2,050 dlrs a
+tonne from 1,950 dlrs, effective immediately.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17830" NEWID="11768">
+<DATE>31-MAR-1987 21:52:59.17</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2993&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   03-31 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - CHINA MUST PRESERVE FARMLAND</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    FENGBANG COUNTY, China, April 1 - </DATELINE><BODY>"If we go on using up
+farmland as we have done since 1980, there will be none left in
+20 years to grow grain on."
+    Xu Jinfeng, a middle-aged official in Fengbang village on
+the edge of Shanghai, sums up the dilemma China faces as it
+tries to feed its more than one billion people and at the same
+time let them get richer by building factories and new homes.
+    China has to feed one quarter of the world's population,
+but only one seventh of its land is arable.
+    Sharp increases in farm output since 1979 turned China into
+a net grain exporter for the first time in 1985, and again in
+1986.
+    But the rapid industrialisation of the countryside which
+has occurred at the same time, has gobbled up arable land for
+factories and homes for peasants who can now afford them.
+    Official figures show that China lost just under one pct of
+its arable land to other uses in 1985 and a slightly smaller
+amount last year. It gained 26 mln new mouths to feed during
+the two years.
+    "We lost very little land prior to 1980 when the
+industrialisation began," official Xu said. "Since then, nearly
+all the families in the county have built new homes and many
+factories have gone up."
+    "Last year we lost land to a new railway line," Xu said. But
+land losses in future should fall because nearly all families
+already have new houses, she added.
+    The issue of land loss is a matter of major concern to the
+Peking leadership, which announced earlier this month that
+China will issue nationwide quotas for conversion of grain land
+for the first time this year.
+    "The present situation of abusing, occupying unlawfully,
+wasting and destroying land and land resources is serious," said
+an article in the official press explaining the new measures.
+    "It has resulted in great losses of cultivated farmland," it
+said. "China has a large population and its land resources are
+badly deficient."
+    An official of the Shanghai city government said county
+authorities could approve conversion of only 0.3 hectares of
+arable land to other uses, while anything more than that must
+be approved by the city government.
+   The Peking government faces another major obstacle in its
+efforts to ensure China's people get enough grain to eat. The
+prices the state pays to farmers for grain are too low, making
+it more profitable for them to grow other crops.
+    To offset this, the state offers farmers cheap fertiliser
+and diesel oil and payment in advance for grain it contracts to
+buy. The state then sells the grain at subsidised prices to
+China's 200 mln city residents. Rural factories also subsidise
+grain output, paying farmers bonuses to grow it.
+    Some officials argue that the simplest solution to the
+problem would be for the state to raise city grain prices.
+    Chen Zuyuan, Communist Party secretary of a village in the
+eastern province of Zhejiang, said the government listened too
+much to the demands of "selfish city people" and could raise city
+grain prices without any problem.
+    But the government has ruled out a price rise. "Raising the
+price of grain would directly conflict with the goal of social
+stability," said a China Daily editorial this month.
+    The Shanghai official said prices must be reformed over the
+long term. "We must be very careful. We have a very large
+population which is used to price stability and will object to
+price rises," he said. "The problem is how to do it."
+    The Shanghai official said a rise in grain prices might
+also affect the prices of hundreds of food products made with
+grain and consumed by city residents.
+    In addition, the state faces the problem of inadequate
+investment by farmers in land and in grain in particular.
+    The official press has reported that farmers fear farm
+policy may change and they are putting their new wealth into
+building graves, memorial halls for ancestors and homes.
+    Under reforms introduced in the late 1970s, farmers sign
+contracts with the state requiring them to grow certain crops,
+but they have considerable freedom in how to use their land.
+    "As the expiration date of the 15-year contract is almost at
+the halfway mark, farmers are beginning to worry about the
+future," the China Daily said in an editorial last month.
+    Their anxieties stem from the fact that they are allowed to
+use the land but not own it. For most of the period of
+Communist rule, the land was organised into collectives where
+there was little room for individual initiative.
+    "New measures are needed to reassure them of the consistency
+of government policies and make them interested in long-term
+investment," the newspaper said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17831" NEWID="11769">
+<DATE>31-MAR-1987 22:30:15.46</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>cotton</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f3015&#31;reute
+u f BC-CHINA-OFFICIAL-CONDEM   03-31 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA OFFICIAL CONDEMNS GOVERNMENT GRAIN POLICY</TITLE>
+<DATELINE>    PEKING, April 1 - </DATELINE><BODY>The grain output of a major Chinese
+grain-producing province is not increasing, because farmers
+lack incentives, production costs are rising, storage
+facilities are poor and there is not enough state investment in
+grain, the province's vice-governor said.
+    The China Daily quoted Yang Jike, vice-governor of Anhui,
+as saying farmers could earn twice as much growing cotton as
+they could growing grain, and three times as much growing cash
+crops like flax. He said production costs had risen to 40 pct
+of farmers' earnings, from 20 pct in 1982, and lower investment
+had caused the area of irrigated land to fall.
+    Yang said investment in agriculture fell in 1985 to 9.9 pct
+of the province's total investment, from 26 pct in 1978.
+    He said an estimated 1.5 billion yuan worth of grain was
+hit by mildew or rot in state granaries every year, and a
+further 1.5 mln tonnes was eaten annually by rats.
+    He said government measures to deal with the problem dealt
+with trifles, rather than the essentials. He called for more
+investment in grain production, an immediate ban on illegal use
+of or damage to farmland and a reversal of what he called the
+tendency to rely on grain imports.
+    The New China News Agency quoted Zhang Yan, a delegate to
+the National People's Congress, attacking grain policy. He said
+the government had cut agricultural investment to three to four
+pct from 11 pct.
+    "With the abundance of grain and cotton in the past few
+years, some people got carried away, relaxing their attention
+to grain and cotton production," he said.
+    On Saturday, vice-premier Tian Jiyun said China aimed to be
+self-sufficient in grain. Now it exports corn from the
+northeast, but it imports wheat.
+    "Grain consumption is rising every year. Even if we reach
+the 1987 target of (405 mln tonnes), it cannot be considered
+adequate," Tian said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17832" NEWID="11770">
+<DATE>31-MAR-1987 22:58:00.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3027&#31;reute
+u f BC-REAGAN-SETS-FIRM-RULE   03-31 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SETS FIRM RULES FOR NATIONAL SECURITY STAFF</TITLE>
+<DATELINE>    WASHINGTON, March 31 - </DATELINE><BODY>President Reagan made public a
+detailed set of orders to his national security staff designed
+to prevent scandals similar to the Iran arms affair.
+    In a message to Congress accompanying National Security
+Decision Directive (NSDD) 266, Reagan said: "(The reforms) are
+evidence of my determination to return to proper procedures,
+including consultation with the Congress."
+    NSDDs are normally classified. Officials said this was the
+first time the duties of the national security staff had been
+spelled out in such a document since the National Security
+Council (NSC) was set up by Congress 40 years ago.
+    The orders implement the recommendations of the Tower
+Commission, named by the president to investigate the secret
+U.S. Arms sales to Iran and led by former Senator John Tower.
+    In a scathing report on February 26, the panel blasted the
+conduct of the NSC staff and criticised the president for being
+unaware of many of the activities of his subordinates.
+    Reagan accepted the report's conclusions in a speech on
+March 4 and said he had barred NSC staff from conducting covert
+operations. The prohibition is laid out in NSDD 266 which calls
+for a "small, highly competent (NSC staff) broadly experienced
+in the making of national security policy."
+    NSDD 266 said the organization should impose "clear vertical
+lines of control and accountability."
+    The eight page document said the NSC's use of private
+individuals and organisations as intermediaries to conduct
+covert activities would be "appropriately limited and subject to
+close observation."
+    It said the NSC staff should include a legal adviser who
+would have access to all information. The national security
+adviser should initiate periodic reassessments of policies and
+operations and ensure that consultations and presidential
+decisions are adequately recorded, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17833" NEWID="11771">
+<DATE>31-MAR-1987 23:33:12.88</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3041&#31;reute
+u f BC-TAIWAN'S-SECOND-QUART   03-31 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN'S SECOND QUARTER IMPORTS SEEN RISING</TITLE>
+<DATELINE>    TAIPEI, April 1 - </DATELINE><BODY>Taiwan's imports in the second quarter of
+1987 are expected to rise to 7.75 billion U.S. Dlrs from 5.82
+billion a year earlier and from 6.95 billion in the first
+quarter of this year, the statistics department said.
+    A department official attributed the increase to growing
+domestic investment by the private and public sectors. It is
+expected to rise to 4.68 billion U.S. Dlrs from 3.79 billion a
+year earlier and 3.41 billion during the first quarter.
+    Taiwan's exports in the April-June quarter are expected to
+rise to 12.03 billion U.S. Dlrs from 9.63 billion a year
+earlier and 11.28 billion in the first quarter.
+    The official said Taiwan's trade surplus is expected to
+climb to 4.28 billion U.S. Dlrs in the second quarter of 1987
+from 3.81 billion a year earlier. It was 4.33 billion in the
+first quarter of this year.
+    Most of the surplus is expected to come from trade with the
+U.S., Taiwan's largest trading partner and importer of nearly
+50 pct of Taiwan's total exports, he said.
+    He said he expected Taiwan's imports, including grains,
+machinery and power plant equipment, from the U.S. To rise
+sharply because of government efforts to balance trade with
+Washington. He declined to give figures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17834" NEWID="11772">
+<DATE>31-MAR-1987 23:51:58.76</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3053&#31;reute
+f f BC-Bank-of-Japan-interve   03-31 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bank of Japan intervenes buying dollars at around 147.30 yen - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1" NEWID="11773">
+<DATE> 1-APR-1987 00:02:13.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3060&#31;reute
+u f BC-COMMERZBANK-SEES-LOWE   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERZBANK SEES LOWER OPERATING PROFIT THIS YEAR</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>Commerzbank AG &lt;CBKG.F> management
+board chairman Walter Seipp said that from the present
+viewpoint the bank must expect 1987 full operating profit to be
+lower than in 1986.
+    In the first two months of the year, partial operating
+profit -- excluding trading on the bank's own account -
+declined, he said, without giving details.
+    The interest surplus fell 2.8 pct compared with 2/12ths of
+1986 results, while the commission surplus, because of the
+quiet stock exchange business, fell back still more strongly.
+By contrast the personnel and fixed asset expenses increased.
+    German banks do not report full operating profit. But Seipp
+said last year the figure for the first time had topped one
+billion marks for the parent bank, and the group result was
+around 50 pct higher than this.
+    Commenting on 1986, Seipp said, "we were able to raise the
+full operating profit...Slightly above the record result of
+1985 because own account profits increased slightly."
+    He gave no concrete details but added that in January and
+February, good own account trading profits meant that the drop
+in full operating earnings was more modest than that in the
+partial operating figure.
+    The bank would, as a result, be more profit-oriented in
+future, developing, for example, more into investment banking,
+keeping a tight rein on personnel costs and dampening
+expenditures on fixed assets.
+    Turning to 1986 results, Seipp said by year end there had
+been a strong growth in business volume.
+    Over the year business volume rose by 9.9 pct to 93.2
+billion marks compared with 1985, Seipp added.
+    Group balance sheet volume rose by 8.0 pct to 148.15
+billion. It would have been around five billion marks higher
+still if currency relationships had remained unchanged.
+    In the parent bank, the interest surplus rose nine pct in
+the year, while the interest margin held roughly at 1985's 2.56
+pct despite pressure on credit rates.
+    The surplus on commission business, which had soared by a
+quarter in 1985, rose by 11.6 pct last year thanks almost
+exclusively to growth in securities commissions, Seipp said.
+    Personnel expenditure was up 11.9 pct last year, at more
+than 1.5 billion marks. Fixed asset expenditure rose by 9.6 pct
+to more than 650 mln.
+    As a result, the parent bank partial operating profit rose
+by 3.2 pct to 752 mln marks.
+    Parent bank tax payment rose to 244 mln marks last year
+from 233 mln in 1985.
+    Seipp said extraordinary earnings included a "high
+two-figure million" in profit from the sale of the bank's AEG AG
+&lt;AEGG.F> shares to Daimler-Benz AG &lt;DAIG.F> during the latter's
+majority stake purchase booked last year.
+    The ability of the bank to write off depreciations in
+credit business against profits from securities trading and
+earnings on the sale of stakes had been utilised, as in prior
+years, to its full extent.
+    Because of numerous insolvencies at home, by far the
+largest part of the provisions were set aside for individual
+write-downs from domestic business. Abroad, the circle of
+problem debtor countries rose last year, although the ratio of
+credit exposure to provisions improved further.
+    Seipp said that because about half the group's exposure to
+problem nations was in dollars, the bank had swapped into
+dollars individual provisions hitherto held primarily in marks.
+    "This means that no open currency positions exist any longer
+on the amount of the provision that is made against an actual
+default," he added.
+    Despite the increase in concern over debtor nations in the
+last few weeks, he said, the international banking community is
+better armed than it was against payment problems.
+    All banks had significantly strengthened their capital
+base, most European banks had made considerable provisions
+against bad debts while goverments and central banks were
+better prepared for unforseen difficulties.
+    He described debt-equity swaps as a very interesting new
+approach to indebted nations' problems. There was a lot of
+interest in direct investment via an equity participation in
+Latin America, particularly from West German firms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2" NEWID="11774">
+<DATE> 1-APR-1987 00:03:09.24</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3061&#31;reute
+b f BC-BANK-OF-JAPAN-INTERVE   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES IN EARLY TOKYO AFTERNOON</TITLE>
+<DATELINE>    TOKYO, April 1 - </DATELINE><BODY>The Bank of Japan intervened in the market
+in the early afternoon, buying dollars around 147.30 yen and
+continuing to buy them as high as 147.50 yen, dealers said.
+    The Bank intervened just after the dollar started rising on
+buying by securities houses at around 147.05 yen, and hoped to
+accelerate the dollar's advance, they said.
+    The dollar rose as high as 147.50 yen.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3" NEWID="11775">
+<DATE> 1-APR-1987 00:09:05.07</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0002&#31;reute
+r f BC-MALAYSIA-CUTS-GAZETTE   04-01 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA CUTS GAZETTED RUBBER PRICE</TITLE>
+<DATELINE>    KUALA LUMPUR, April 1 - </DATELINE><BODY>Malaysia said it cut the gazetted
+price of rubber to 202-7/8 cents per kg from 213-1/2 cents in
+March, effective immediately.
+    No export duty is applicable at this level, against 3/8
+cent per kg last month, because the government raised the
+export duty threshold price to 210 cents per kg in early 1985.
+    The cess for rubber research and replanting remained
+unchanged at 3.85 and 9.92 cents per kg respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="4" NEWID="11776">
+<DATE> 1-APR-1987 00:09:18.34</DATE>
+<TOPICS><D>interest</D><D>gnp</D><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0003&#31;reute
+u f BC-SEIPP-SAYS-GERMAN-INT   04-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEIPP SAYS GERMAN INTEREST RATES SHOULD FALL</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>The Bundesbank should take further
+steps to reduce German interest rates to protect the mark from
+further appreciation and to persuade investors to bring
+long-term yields lower, Commerzbank AG &lt;CBKG.F> management
+board chairman Walter Seipp said.
+    But he told the bank's annual news conference this did not
+mean a cut in leading interest rates, rather a reduction in
+money market rates through bringing the allocation rates down
+for Bundesbank securities repurchase agreements.
+    "Leading interest rates are not the decisive rates," he said.
+"The money market rates are the important ones."
+    Seipp said the Bundesbank should move away from allocating
+money market liquidity at a fixed 3.8 pct as it has in recent
+tender allocations.
+    An easier monetary policy would not mean a loss of
+credibility for the Bundesbank in its containment of monetary
+growth. A fall in short rates would make the public aware of
+the high yields in bonds and lead to a longer-term capital
+formation, braking the expansion of money supply.
+    "Thus, you can have lower rates and also a normalisation of
+monetary growth both at the same time," he added.
+    Seipp said there were no grounds to paint too black a
+picture of the German economy, since company profitability had
+improved over recent years and domestic oriented firms were
+profiting from cheaper imports because of the rise in the mark.
+    Growth this year should be at least one pct, he said,
+describing the downturn in production in the first months as a
+false start, unrepresentative of the rest of the year.
+    After an economic contraction in the first quarter, the
+economy should show an uptrend in the last three. "We don't
+believe that the economy has tipped over, but see it more as a
+'growth dip,'" Seipp said.
+    But Seipp also called for support for growth from fiscal
+policy, saying the top rate of income and corporate tax should
+be brought down to 49 pct. The current peak rate is 56 pct.
+    The additional tax cuts brought forward to next January
+were no substitute for support for growth.
+    Seipp added the federal government should make "further
+courageous steps to decrease the state's proportion of the
+German economy and to increase its flexibility."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5" NEWID="11777">
+<DATE> 1-APR-1987 00:13:18.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0008&#31;reute
+r f BC-COMMERZBANK-TO-FOUND   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERZBANK TO FOUND NEW YORK INVESTMENT BANK</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>Commerzbank AG &lt;CBKG.F> management
+board chairman Walter Seipp said he hoped the bank would this
+year found a 100 pct investment bank subsidiary in New York.
+    He told the annual news conference that the move would be
+an important and necessary widening of business activities in
+the U.S.. This is now mainly represented by a 40 pct stake in
+EuroPartners Securities Corp, New York, owned along with other
+European banks in a consortium.
+    It would also be a further step in Commerzbank's full entry
+into global investment banking around the clock.
+    Seipp also said securities trading activities had been
+considerably strengthened in London. The founding of Commerz
+Securities (Japan) Co. Ltd, which would begin business in the
+first half of 1987, widened the bank's activity in Tokyo.
+    In 1987 also, Commerzbank planned to open a representative
+office in Istanbul. Currency trading had begun in the Los
+Angeles branch, he added.
+    At home, Commerzbank would probably bring the automotive
+supply group Boge and clothing manufacturer Ahlers to a stock
+exchange flotation in the first half of this year.
+    But the placement of shares in the print communications
+technology group &lt;Linotype GmbH>, to be bought from Allied
+Signal Inc &lt;ALD.N> would likely come later since several parts
+of the business had to be consolidated first.
+    Seipp said the purchase price had been "several hundred
+million dollars." But he gave no further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="6" NEWID="11778">
+<DATE> 1-APR-1987 00:13:26.05</DATE>
+<TOPICS><D>palm-oil</D><D>palmkernel</D><D>oilseed</D><D>veg-oil</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0009&#31;reute
+u f BC-MALAYSIA-RAISES-PALM   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA RAISES PALM OIL EXPORT DUTIES</TITLE>
+<DATELINE>    KUALA LUMPUR, April 1 - </DATELINE><BODY>The Malaysian government said it
+raised the export duty on processed palm oil (ppo) to 70.90
+ringgit per tonne from 64.06 in March, effective today.
+    Export duty on crude palm oil (cpo) rose to 38.30 ringgit
+per tonne from 16.06 last month.
+    The gazetted price for ppo rose to 819.6600 ringgit per
+tonne from 796.8604 a month earlier and that on cpo to 711.0037
+ringgit from 617.8238.
+    The export duty and gazetted price of palm kernel stood
+unchanged at 191.15 and 955.75 ringgit per tonne respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="7" NEWID="11779">
+<DATE> 1-APR-1987 00:42:56.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>hawke</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0018&#31;reute
+u f BC-HAWKE-DECIDES-AGAINST   04-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKE DECIDES AGAINST EARLY AUSTRALIAN ELECTION</TITLE>
+<DATELINE>    SYDNEY, April 1 - </DATELINE><BODY>Prime Minister Bob Hawke has decided
+against an early election despite a leadership crisis in the
+opposition coalition, Australian government officials said.
+    They said Hawke made the decision after meeting senior
+advisers and high-ranking members of the ruling Labour Party in
+Canberra last night.
+    An expected improvement in the economy predicted by an
+Organisation for Economic Cooperation and Development report
+was a major factor in Hawke's deciding against calling an
+election now, they said.
+    The officials picked March 5 next year as the most likely
+election date, which would allow the government to complete its
+full five-year term of office and ensure that Hawke becomes the
+longest-serving Labour Prime Minister in Australian history.
+    Hawke, however, has not withdrawn his earlier threat to
+consider dissolving both houses of parliament if the opposition
+National-Liberal Party coalition blocked legislation to
+introduce identity cards for Australians.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8" NEWID="11780">
+<DATE> 1-APR-1987 01:16:45.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-SOVIET-UNION,-ISRAEL   04-01 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET UNION, ISRAEL TO EXCHANGE DELEGATION VISITS</TITLE>
+<DATELINE>    TEL AVIV, April 1 - </DATELINE><BODY>Israel's Ambassador to Washington said
+Israel and the Soviet Union have agreed to exchange visits by
+delegations in a move each hoped would lead to a renewal of
+ties after a 20-year break.
+    Ambassador Meir Rosenne told Israel Radio: "A Soviet
+delegation will come to Israel and an Israeli delegation to the
+Soviet Union, there is no doubt about that."
+    Rosenne said both countries had an interest in restoring
+ties severed by Moscow during the 1967 Arab-Israeli war.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="9" NEWID="11781">
+<DATE> 1-APR-1987 01:34:11.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>set</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0036&#31;reute
+u f BC-THAI-STOCKS-EXPECTED   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI STOCKS EXPECTED TO CONTINUE RISING</TITLE>
+<AUTHOR>    By Vithoon Amorn, Reuters</AUTHOR>
+<DATELINE>    BANGKOK, April 1 - </DATELINE><BODY>Thai stocks have broken all expectations
+and brokers and securities analysts said the nine-month bull
+market on the Securities Exchange of Thailand (SET) should last
+through 1987.
+    Most had earlier dismissed a forecast by a local newspaper
+last December that the SET Index would rise 50 points to 250 by
+mid-1987. They said the figure is now within easy reach.
+    The index, an average of the 93 registered stocks listed on
+the market, gained 9.7 pct this month to finish the first
+quarter at 228.97.
+    The index has gained 74 pct since last July after declines
+of two pct in the first half of 1986 and five pct in 1985.
+    Yothin Aree, assistant managing director of Bangkok First
+Investment and Trust Ltd (BFIT) echoed most analysts in saying
+that, barring dramatic increases in oil prices and world
+interest rates, the market will sustain its rally for the rest
+of the year, punctuated by periodic corrections.
+    Securities analysts said stocks are the best investment
+because of excess liquidity, which has forced interest rates to
+10-year lows. Bankers expect deposit rates, which have fallen
+six times since January 1986, to stabilise this year.
+    Central bank governor Kamchorn Sathirakul told commercial
+banks last week they should spur loan demand by cutting lending
+rates without a matching reduction in deposit rates.
+    SET statistics show daily trading in listed corporate
+stocks and government bonds averaged 217 mln baht during the
+first quarter, about 4.5 times higher than a year ago.
+    Robert Chan, deputy managing director of Wardley Thailand
+Ltd, said foreign interest in Thai equities is strong and a few
+Japanese fund managers recently approached him for the first
+time to seek advice on investing in the market.
+    Wardley Thailand, affiliated with The Hongkong and Shanghai
+Banking Corp, handles stocks acquired by many foreign fund
+managers investing in SET.
+    "We thought six months ago that Thai stocks might have been
+overpriced after a significant 23.5 pct rise of the SET Index
+during the third quarter," Chan said, adding it has since gained
+41 pct.
+    He forecast the index could advance 30 to 40 points more by
+year-end given the improving Thai economy, foreign interest in
+Thai stocks and SET's average 12 pct price/earnings ratio,
+which is relatively low by world standards.
+    Foreign investment accounted for 1.22 billion baht, or 7.8
+pct of total turnover, in the January/February period, up from
+347 mln baht, or 5.8 pct, for the whole first quarter of 1986.
+    Foreigners can invest in the market directly, or through
+the Bangkok Fund or Thailand Fund, unit trusts set up as a
+portfolio investment vehicles for foreigners.
+    Bangkok Fund was set up by Merrill Lynch Capital Markets
+and Cazenove and Co in 1985, while the Thailand Fund was set up
+last December by Vickers da Costa International Ltd, Morgan
+Stanley and Co Inc, Banque Internationale a Luxembourg, BIL
+(Asia) Ltd and the World Bank's International Finance Corp.
+    Each trust is capitalised at 30 mln dlrs and has invested
+more than 70 pct of its funds in equities.
+    Brokers said demand for Thai stocks has strengthened
+criticism the market, with 2.9 billion dlrs capitalisation, is
+too small and its trading narrowly based.
+    Although an average 50 issues are now traded a session,
+against 30 a year ago, most foreign fund managers focus on less
+than 10 easily tradeable blue chips. Yothin said investors do
+not seem interested in smaller or speculative issues.
+    Long-term investment in SET is also restricted by laws
+limiting foreign-held equity in most listed companies.
+    Foreign equity is limited to a maximum 25 pct in banks and
+is also the self-imposed limit in popular Siam Cement. Most
+other businesses have a 49 pct limit.
+    SET officials said foreign investment in blue chips has
+reached a limit and the barrier will likely slow investment as
+fund managers are reluctant to buy smaller issues.
+    SET President Maruay Phadungsith said his priority is to
+list more stocks this year and is waiting for government
+approval to launch a second trading board, where less
+diversified companies with short track records can be listed.
+    SET hopes to list 10 new issues this year against only one
+in 1986.
+    SET officials added state enterprises that have delayed
+plans to go public are missing a golden opportunity to attract
+capital through the exchange as their shares would be popular.
+    A plan for state-owned Thai Airways International Ltd and
+Bangchak Petroleum Co Ltd to go public this year appears less
+certain because of opposition from their administrations.
+    The privatisation of Krung Thai Bank Ltd has also been put
+in doubt by a Finance Ministry decision this month to merge it
+with ailing government-owned Sayam Bank Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="10" NEWID="11782">
+<DATE> 1-APR-1987 02:07:22.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>hkse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0072&#31;reute
+u f BC-H.K.-INVESTORS-UNLOAD   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. INVESTORS UNLOAD HOLDINGS AFTER STOCK ISSUES</TITLE>
+<AUTHOR>    By Joshua So, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, April 1 - </DATELINE><BODY>Investors are unloading holdings of
+Hong Kong stocks following a spate of new share issues by
+leading local firms, analysts said.
+    The Hang Seng index fell 61.07 to 2,713.81 yesterday on
+speculation that Hutchison Whampoa Ltd planned a bonus issue of
+new "B" shares.
+    After yesterday's market close Hutchison and its parent
+Cheung Kong (Holdings) Ltd both announced one-for-two bonus
+issues of "B" shares. The news sent the index down 63.51 points
+to 2,650.30 in today's morning session.
+    The Cheung Kong companies' issues  followed Jardine
+Matheson Holdings Ltd's announcement on Friday of a
+four-for-one bonus issue of new "B" shares.
+    There is also market speculation that Evergo Industrial
+Enterprise Ltd will make a similar move, following a request
+for suspension in share trading by the firm today.
+    Analysts said these new issues will have an adverse impact
+on trading.
+    James Miller-Day, director of County Securities Asia Ltd,
+said: "I don't like the concept of "B" shares because it will
+create inequality among equities."
+    He said the issue of "B" shares could create a conflict of
+interest with holders of other classes of shares, noting most "B"
+shares are issued at a par value equivalent to one-tenth of the
+"A" shares, but enjoy similar voting rights.
+    Other analysts said the new issues also renewed concern
+over local corporate attitudes towards political changes in
+Hong Kong after the British colony reverts to China in 1997.
+    Controlling shareholders can maintain control of local
+firms by issuing cheaper shares, with much of the new stock
+being distributed to themselves, analysts said.
+    Those shareholders can reduce their investment exposure
+here by selling some of their "A" shares and using the funds for
+new investment, possibly overseas.
+    An analyst at a major brokerage house said Li Ka-shing,
+chairman of both Cheung Kong and Hutchison, might be planning
+to fund future expansion by switching "A" shares for "B" shares.
+    Other analysts noted that the Cheung Kong group has already
+taken a major stake in Husky Oil Ltd of Canada and a minority
+share in Pearson Plc of Britain.
+    Hutchison has begun a major project to expand berthing
+facilities at its Hong Kong International Terminal Ltd and
+Cheung Kong will bid for a big land reclamation development at
+Hong Kong harbour.
+    The analysts said timing of the new issues was wrong
+because the local market had already been hit by declines on
+Wall Street and London since the beginning of the week.
+    "(The issues) came at a time when world stock markets are
+reeling from tensions between the U.S. And Japan over their
+trade relations," said Barry Yates, director of Hoare Govett
+Asia Ltd.    Jardine Matheson's shares enjoyed a brief rally after the
+announcement of the new issue, though they have lost 2.50 H.K.
+Dlrs since last Friday to stand at 22.30 dlrs today.
+    Cheung Kong was down two dlrs from yesterday's close at
+41.25 dlrs and Hutchison fell 3.25 dlrs to 49.75 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="11" NEWID="11783">
+<DATE> 1-APR-1987 02:28:16.30</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0100&#31;reute
+b f BC-CURRENCY-INSTABILITY   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURRENCY INSTABILITY WILL NOT LAST - SUMITA</TITLE>
+<DATELINE>    TOKYO, April 1 - </DATELINE><BODY>Bank of Japan Governor Satoshi Sumita said
+the present foreign exchange market instability will not last
+long as there is caution in the market regarding the rapid
+decline of the U.S. Unit.
+    He told reporters the major currency nations are determined
+to continue their concerted intervention whenever necessary to
+stave off speculative dollar selling in line with their
+February 22 currency stability agreement in Paris.
+    Sumita also said he did not see the recent dollar drop as
+anything like a free-fall.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12" NEWID="11784">
+<DATE> 1-APR-1987 02:44:28.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>hkse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0119&#31;reute
+b f BC-H.K.-STOCK-EXCHANGE-B   04-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. STOCK EXCHANGE BARS NEW 'B' SHARE ISSUES</TITLE>
+<DATELINE>    HONG KONG, April 1 - </DATELINE><BODY>The Hong Kong Stock Exchange said it
+will not accept further proposals by listed firms to issue new
+shares with reduced par value but equal voting rights.
+    It said in a statement the exchange will review the
+previously announced proposals of bonus issues of "B" shares by
+Jardine Matheson Holdings Ltd &lt;JARD.HK>, Cheung Kong (Holdings)
+Ltd &lt;CKGH.HK> and Hutchison Whampoa Ltd &lt;HWHH.HK>.
+    It added the exchange's Listing Committee will meet later
+today to consider these proposals.
+    The Exchange statement said: "Any such proposals (other than
+the three) will not be considered until a general principle has
+been established by the Stock Exchange after consultation with
+the Securities Commission."
+    An official of the Securities Commissioner's office told
+Reuters the decision to bar the new share issues was made by
+the Exchange, adding the Commissioner is closely watching
+developments.
+    The Hong Kong market fell sharply yesterday and today as
+both Cheung Kong and Hutchison announced a one-for-two bonus
+issue of "B" shares.
+    The Cheung Kong companies' move followed Friday's
+announcement by Jardine Matheson of a four-for-one bonus issue
+of similar "B" shares with a reduced par value and equal voting
+rights.
+    Brokers also noted market speculation that &lt;Evergo
+Industrial Enterprise Ltd> will make a similar move after the
+firm requested to suspend share trading this morning. Evergo
+officials were not immediately available for comment.
+    Analysts said controlling shareholders might use the "B"
+shares to retain corporate control while selling some of their
+existing holdings to finance new investments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13" NEWID="11785">
+<DATE> 1-APR-1987 02:52:53.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>hawke</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0127&#31;reute
+u f BC-HAWKE-CONFIRMS-HE-WIL   04-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKE CONFIRMS HE WILL NOT CALL SNAP POLL</TITLE>
+<DATELINE>    SYDNEY, April 1 - </DATELINE><BODY>Prime Minister Bob Hawke said he would
+not call snap elections although disarray within the opposition
+was a strong temptation to do so.
+    Confirming earlier comments by government officials, Hawke
+told reporters in Canberra: "I am confident that Labour would
+win an early election. I have decided, however, that the
+election will be held towards the end of this year or early
+next year.
+    "The Australian people want continued strong leadership and
+a government that will continue to guide them through difficult
+economic times into renewed prosperity."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="14" NEWID="11786">
+<DATE> 1-APR-1987 02:54:26.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0129&#31;reute
+b f BC-SMITH-AND-NEPHEW-COMV   04-01 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITH AND NEPHEW COMVERTIBLE INCREASED, FIXED</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Smith and Nephew Associated Companies
+Plc's 15-year convertible eurobond has been increased to 90 mln
+stg from the initial 85 mln and the final terms have been set,
+lead manager Credit Suisse First Boston Ltd said.
+    The conversion price was set at 177-1/2 pence representing
+a premium of 11.99 pct over yesterday's closing price of Smith
+and Nephew shares of 158-1/2 pence. The investor put option on
+May 7, 1993 has been fixed at 133-1/2 pct to give the investor
+an annual yield to the put of 8-1/2 pct.
+    The issue pays four pct and is priced at par. Yesterday on
+the grey market it was quoted at around 102-1/2 103-1/2 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15" NEWID="11787">
+<DATE> 1-APR-1987 03:08:25.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0139&#31;reute
+u f BC-SKYLARK-CO-LTD-&lt;SKLK.   04-01 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SKYLARK CO LTD &lt;SKLK.T> 1986 YEAR</TITLE>
+<DATELINE>    TOKYO, April 1 -
+    </DATELINE><BODY>Group shr 65.44 yen vs 73.30
+    Net 4.48 billion vs 4.19 billion
+    Current 10.85 billion vs 9.77 billion
+    Operating 9.65 billion vs 9.54 billion
+    Sales 103.53 billion vs 94.39 billion
+    NOTE - Company forecast for current year is group shr 70.05
+yen, net 4.80 billion, current 11.20 billion and sales 113
+billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16" NEWID="11788">
+<DATE> 1-APR-1987 03:18:52.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0152&#31;reute
+u f BC-SUMITOMO-METAL-SETS-U   04-01 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITOMO METAL SETS UP LONDON, OSAKA FINANCE FIRMS</TITLE>
+<DATELINE>    TOKYO, April 1 - </DATELINE><BODY>&lt;Sumitomo Metal Industries Ltd> has set up
+two finance firms, one in Osaka and one in London, a company
+spokesman said.
+    &lt;Sumitomo Metal International Finance Plc> in London is
+wholly-owned. &lt;Fuso Finance Co Ltd> in Osaka, is owned 50 pct
+by Sumitomo with the rest equally shared by two small Sumitomo
+Metal subsidiaries.
+    The two new companies will work for the Sumitomo Metal
+group on fund raising and investment in financial markets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17" NEWID="11789">
+<DATE> 1-APR-1987 03:22:18.57</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0153&#31;reute
+u f BC-GERMAN-2.2-PCT-GROWTH   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN 2.2 PCT GROWTH AVERAGE SEEN TO 1991</TITLE>
+<DATELINE>    DUESSELDORF, April 1 - </DATELINE><BODY>The economy will grow by an average
+rate of 2.2 pct a year in real terms between now and the end of
+1991, Westdeutsche Landesbank Girozentrale (WestLB) said in an
+annual report.
+    A year ago WestLB had forecast average growth of just under
+three pct for 1986-1990.
+    The 1987 report said gross national product would only
+expand a real 1.7 pct this year -- below previous expectations
+-- because of weaker exports. Growth rates will pick up later,
+however, producing a 2.2 pct increase on average for the
+five-year period.
+ MORE
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18" NEWID="11790">
+<DATE> 1-APR-1987 03:29:31.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0156&#31;reute
+f f BC-SWEDEN'S-BOLIDEN-TO-A   04-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SWEDEN'S BOLIDEN TO ANNOUNCE MAJOR CORPORATE TAKEOVER
+TODAY - OFFICIAL.
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="19" NEWID="11791">
+<DATE> 1-APR-1987 03:32:53.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0163&#31;reute
+u f BC-COURT-BLOCKS-DELTA-WE   04-01 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT BLOCKS DELTA-WESTERN AIRLINES MERGER</TITLE>
+<DATELINE>    SAN FRANCISCO, April 1 - </DATELINE><BODY>A U.S. Appeals court last night
+blocked the 860 mln dlr merger of Delta Airlines Inc &lt;DAL.N>
+and &lt;Western Airlines> just hours before it was to go into
+effect because of a dispute over union representation.
+    The ruling came in a lawsuit in which the Air Transport
+Employees union said Western's management should fulfil a
+promise to honour union contracts if a merger took place.
+    The airlines argued that Western's promise could not be
+enforced in a takeover by a larger company. Airlines officials
+could not be reached for comment on the ruling, which halts the
+merger until arbitration on the dispute is completed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="20" NEWID="11792">
+<DATE> 1-APR-1987 03:42:26.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0173&#31;reute
+u f BC-ALCOA-AUSTRALIA-PLANS   04-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCOA AUSTRALIA PLANS 100 MLN AUS DLR FACILITY</TITLE>
+<DATELINE>    HONG KONG, April 1 - </DATELINE><BODY>The &lt;Alcoa of Australia Ltd> is
+planning a 100 mln Australian dlr note issuance facility, lead
+manager Westpac Finance Asia Ltd said.
+    The three year facility is half underwritten and half
+non-underwritten. The underwriting margin is 10 basis points
+over Australian dlr bank bill rate and the underwriting fee is
+7.5 basis points. There is an issuance fee of 2.5 basis points
+and an utilisation fee of 7.5 basis points if the underwriters
+are required to pick up 51 pct or more of the notes issued.
+    The notes, in denominations of 100,000 dlrs, will have
+maturities ranging from one to six months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="21" NEWID="11793">
+<DATE> 1-APR-1987 03:50:55.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0186&#31;reute
+b f BC-BOLIDEN-TO-ANNOUNCE-M   04-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIDEN TO ANNOUNCE MAJOR CORPORATE TAKEOVER - OFFICIAL</TITLE>
+<DATELINE>    STOCKHOLM, April 1 - </DATELINE><BODY>Boliden AB &lt;BLDS ST> mining and metals
+group said it will announce a major foreign corporate takeover
+today involving a company with an annual turnover of two
+billion crowns.
+    A Boliden spokesman told Reuters details of the
+announcement would be given at a news conference by chairman
+Rune Andersson at 1030 gmt today. He said the company involved
+employed 4,000 people, but declined to name the takeover price
+or say what field the firm operated in.
+    Share analysts said they expected Boliden to announce it
+will be taking over the U.S. Allis-Chalmers Corp &lt;AH.O> but
+company officials refused to confirm the reports ahead of the
+news conference.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="22" NEWID="11794">
+<DATE> 1-APR-1987 03:54:43.49</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0191&#31;reute
+b f BC-U.K.-MONEY-MARKET-OFF   04-01 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET OFFERED EARLY ASSISTANCE</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The Bank of England said it had invited
+an early round of bill offers from the discount houses after
+forecasting a shortage of around 1.2 billion stg in the money
+market today.
+    Among the main factors affecting liquidity, bills for
+repurchase by the market will drain some 526 mln stg while
+bills maturing in official hands and the take-up of treasury
+bills will remove around 1.79 billion stg. A rise in note
+circulation will take out a further 105 mln stg.
+    Partly offsetting these outflows, exchequer transactions
+will add around 1.01 billion stg and bankers' balances above
+target some 185 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="23" NEWID="11795">
+<DATE> 1-APR-1987 03:59:15.80</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0200&#31;reute
+r f BC-TURKEY-ESTIMATES-1986   04-01 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY ESTIMATES 1986 GROWTH AT EIGHT PCT</TITLE>
+<DATELINE>    ANKARA, April 1 - </DATELINE><BODY>Turkey's Gross National Product grew an
+estimated 8.0 pct in 1986 at fixed 1968 prices, compared with
+5.1 pct in 1985, the State Statistics Institute said.
+    Reporting full-year data, it also said Gross Domestic
+Product rose 8.3 pct compared with 5.1 pct in 1985. An earlier
+estimate from nine-month data put full-year GNP and GDP growth
+both at 7.9 pct.
+    The government's GNP growth target for 1987 is five pct,
+the same level it had set for 1986.
+    The institute estimated per capita GNP for 1986 at 1,116.6
+dlrs, up from 1,045.3 dlrs in 1985.
+    Officials blame the high 1986 GNP growth on a surge in
+domestic demand stemming partly from poorly controlled
+municipal expenditures in the early part of the year.
+    Industry grew at 11.1 pct in real terms in 1986 compared
+with 6.6 pct in 1985 while agriculture expanded 7.4 pct
+compared with 2.8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="24" NEWID="11796">
+<DATE> 1-APR-1987 04:01:37.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>austria</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0203&#31;reute
+b f BC-KONTROLLBANK-ISSUES-1   04-01 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KONTROLLBANK ISSUES 150 MLN MARK PRIVATE EUROBOND</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>Oesterreichische Kontrollbank AG is
+raising 150 mln marks through a private placement for five
+years with a 5-1/2 pct coupon and priced at 100-1/4 pct, lead
+manager Deutsche Girozentrale - Deutsche Kommunalbank said.
+    The bond, guaranteed by Austria, will be issued in
+denominations of 1,000 and 10,000 marks. No fees were
+disclosed. Investors pay for the bond on May 21. The bond pays
+yearly interest on that day, and expires on that day in 1992.
+    The bond is callable for tax reasons only, with a premium
+of one pct on May 21, 1988 and 1989, with a premium of 1/2 pct
+on May 21, 1990, and at par on May 21, 1991.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="25" NEWID="11797">
+<DATE> 1-APR-1987 04:04:17.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>asx</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0207&#31;reute
+u f BC-AUSTRALIA-STOCK-EXCHA   04-01 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA STOCK EXCHANGES ENTER NEW ERA</TITLE>
+<AUTHOR>    By Peter Bale, Reuters</AUTHOR>
+<DATELINE>    SYDNEY, April 1 - </DATELINE><BODY>The Australian Stock
+ Exchange Ltd (ASX)
+today took up the responsibility for administering a new
+coordinated market made up of Australia's six former exchanges,
+now operating as subsidiary trading floors.
+    At the same time, rules prohibiting corporations and
+non-stock-exchange members from holding more than 50 pct of
+Australia's 101 brokerage firms were abolished, leaving brokers
+exposed to greater deregulation.
+    Industry sources said the moves will smooth the changeover
+to screen-based trading and give the equities market one voice.
+    Westpac Banking Corp &lt;WSTP.S> was one of the first to take
+advantage of the changes by announcing today it would double
+its stake in the Sydney firm &lt;Ord Minnett Ltd> to 100 pct.
+    Brokers have been introduced to creeping deregulation over
+the past three years after legislation passed in 1984 to end
+restrictive trade practices forced the traditional partnerships
+to open themselves at first to partial ownership by outside
+institutions, and eventually to full ownership.
+    The phase-in period has ended, and several major banks and
+offshore financial institutions are investigating taking larger
+stakes in Australian broking houses, industry sources said.
+    Though deregulation was all but forced on brokers, most now
+acknowledge that the influx of capital and contacts from
+non-member shareholders has benefited the industry, they said.
+    "Deregulation has brought an infusion of additional capital
+and a broader base of products," ASX chairman Ian Roach told
+Reuters.
+    Roach said fears that major bank shareholders would impose
+a restrictive and conservative "bank culture" on the dynamic
+sharebroking industry were unfounded.
+    "So far the banks have been mindful of the importance of
+preserving the entrepreneurial aspect of sharebroking," he said.
+    But some brokers said others are sceptical and expect that
+the expiration of "golden handcuff" pacts, which tied partners to
+their firms for a period after incorporation, could cause a
+massive talent drain.
+    Several leading brokers have already announced plans to
+leave their firms and establish new private client businesses,
+while others plan public floats.
+    While bank shareholders have enjoyed dabbling in broking
+during Australia's record two-and-a-half year bull run, they
+could find themselves without the expertise they need during
+more difficult times, some brokers said.
+    Rene Rivkin, head of Sydney brokerage house &lt;Rivkin James
+Capel Ltd>, said many brokers will resist anything that
+restricts their individuality and entrepreneurial spirit, and
+this could leave new entrants into the business short-staffed.
+    "If I were a bank I'm not sure I would have gone into
+broking.... What's going to happen when a lot of these golden
+handcuffs come to an end?" Rivkin said.
+    "Only then will the banks know what they've got," he said.
+    Rivkin's firm is 50 pct owned by Hongkong and Shanghai
+Banking Corp &lt;HKBH.HK> unit &lt;Wardley Australia Ltd> and plans a
+public float of between 25 and 30 pct.
+    "My relationship with the Hong Kong bank is wonderful. They
+leave me alone and give me all the support I need.... Maybe if
+we weren't doing so well there wouldn't be that support, but
+that hasn't happened," he said.
+    Other firms might not be so lucky, he said, and they could
+find it difficult to preserve their independence when the bull
+market ends.
+    In the last two years, the value of the Australian
+sharemarket has leapt 118 pct with turnover value up 152 pct to
+31.24 billion dlrs in the year to June 30, 1986.
+    That growth put existing trading systems and clearing
+houses under pressure, and unification of the six sovereign
+exchanges should accelerate the development of screen-based
+trading and a single clearing house, industry sources said.
+    From July this year 30 leading stocks will be traded in a
+pilot of the ASX's screen trading system which, depending on
+its reception by brokers, is expected to replace trading floors
+over the next four years, industry sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="26" NEWID="11798">
+<DATE> 1-APR-1987 04:10:27.49</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0226&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 689 MLN STG EARLY HELP</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with early assistance of 689 mln stg in
+response to an early round of bill offers from the discount
+houses. This compares with the Bank's estimate that the system
+would face a shortage of around 1.2 billion stg today.
+    The central bank made outright purchases of bank bills
+comprising 347 mln stg in band one at 9-7/8 pct, 207 mln stg in
+band two at 9-13/16 pct and 135 mln stg in band three at 9-3/4
+pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="27" NEWID="11799">
+<DATE> 1-APR-1987 04:18:30.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>eib</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0238&#31;reute
+u f BC-EIB-PLANS-300-MLN-GUI   04-01 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIB PLANS 300 MLN GUILDER BOND ISSUE DUE 1995</TITLE>
+<DATELINE>    AMSTERDAM, April 1 - </DATELINE><BODY>The European Investment Bank is
+planning a 300 mln guilder 6.25 pct bullet bond due 1995, lead
+manager Amsterdam-Rotterdam Bank NV said.
+    The issue will be priced April 7 and subscriptions close
+April 9. The payment date is May 14 and the coupon date May 15,
+Amro Bank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="28" NEWID="11800">
+<DATE> 1-APR-1987 04:30:08.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0249&#31;reute
+b f BC-GMAC-UNIT-ISSUES-50-M   04-01 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GMAC UNIT ISSUES 50 MLN AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>GMAC (Australia) Finance Ltd is issuing a
+50 mln Australian dlr eurobond due May 6, 1991 paying 14-1/4
+pct and priced at 101 pct, sole lead manager Hambros Bank Ltd
+said.
+    The issue is guaranteed by General Motors Acceptance Corp.
+The non-callable bond is available in denominations of 1,000
+Australian dlrs and will be listed in London.
+    The selling concession is 1-1/8 pct while management and
+underwriting combined pays 5/8 pct. The payment date is May 6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="29" NEWID="11801">
+<DATE> 1-APR-1987 04:34:11.42</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>malaysia</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>asean</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0256&#31;reute
+u f BC-MALAYSIAN-MINERS-SAY   04-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN MINERS SAY U.S. SELLING TOO MUCH TIN</TITLE>
+<DATELINE>    KUALA LUMPUR, April 1 - </DATELINE><BODY>Malaysian miners criticised the
+U.S. For violating an agreement with Southeast Asian producers
+by selling more stockpiled tin in 1986 than agreed.
+    The U.S. General Services Administration sold 5,490 tonnes
+of tin in 1986, well above an agreed upon annual limit of 3,000
+tonnes, the States of Malaya Chamber of Mines said.
+    In its latest annual report, it said the U.S. Had promised
+to limit sales of tin in a memorandum of understanding signed
+with the six-member Association of Southeast Asian Nations
+(ASEAN) in December 1983.
+    "The U.S. Appears to have lost sight of the U.S./ASEAN
+Memorandum of Understanding," the Chamber said.
+    The Chamber estimated the U.S. Strategic stockpile held
+180,444 tonnes of tin in December 1986, 137,744 tonnes in
+excess of of its original stockpile goal of 42,700.
+    The main ASEAN tin producers are Malaysia, Indonesia and
+Thailand, which produce the bulk of the world's tin.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="30" NEWID="11802">
+<DATE> 1-APR-1987 04:36:21.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0261&#31;reute
+b f BC-GROUPE-BRUXELLES-LAMB   04-01 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUPE BRUXELLES LAMBERT PROFIT UP</TITLE>
+<DATELINE>    BRUSSELS, April 1 - </DATELINE><BODY>Net consolidated profit after deduction
+for minorities 6.52 billion francs vs 5.40 billion.
+    Non-consolidated net profit 3.46 billion francs vs 3.05
+billion.
+    Note - Results for year 1986. Company's full name is Groupe
+Bruxelles Lambert SA &lt;LAMB.BR>.
+    Proposed net final dividend on ordinary shares 70 francs vs
+65 to take total net payment for year to 120 francs vs 110.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="31" NEWID="11803">
+<DATE> 1-APR-1987 04:43:40.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0275&#31;reute
+u f BC-LUXEMBOURG-BANK-BALAN   04-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUXEMBOURG BANK BALANCES' JANUARY FALL</TITLE>
+<DATELINE>    LUXEMBOURG, April 1 - </DATELINE><BODY>The balance sheet total of all
+Luxembourg-based banks fell in January to 7,888 billion
+luxembourg francs, a decline of 1.49 pct on the previous month,
+the Institut Monetaire Luxembourgeois (IML) said.
+    The IML, Luxembourg's monetary authority, said this was
+partly due to the seasonal decline following the closure of
+bank accounts in December and partly to the dollar's fall.
+    But the end-January total represented a 5.10 pct rise on
+end-January 1986, the IML said.
+    The balance sheet total was also affected by currency
+fluctuations, and allowing for this, the January total
+represented a 0.3 pct rise on the previous month and a 13.6 pct
+rise on January 1986, the IML said.
+    There were 123 banks in Luxembourg at the end of January, a
+rise of one on the month before and of five on January 1986,
+the IML said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="32" NEWID="11804">
+<DATE> 1-APR-1987 04:53:48.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0295&#31;reute
+r f BC-YUGOSLAV-POWER-INDUST   04-01 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAV POWER INDUSTRY MAKES NEW BOND ISSUE</TITLE>
+<DATELINE>    BELGRADE, April 1 - </DATELINE><BODY>The Yugoslav power industry yesterday
+floated its second issue of domestic bonds in three months,
+after an experimental issue in January, official sources said.
+    Associated Electric Power Enterprises in the Yugoslav
+republic of Serbia issued the bonds to raise eight billion
+dinars for the construction of new power facilities.
+    The sources said the bonds mature in eight months with 55
+pct interest but no further details were available.
+    January's bonds were oversubscribed as their interest rate
+was two points above savings deposit rates and were the first
+bonds that could be exchanged or converted before maturity.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="33" NEWID="11805">
+<DATE> 1-APR-1987 04:54:23.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0298&#31;reute
+r f BC-SWISS-CAPITAL-FEBRUAR   04-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS CAPITAL FEBRUARY EXPORTS FALL</TITLE>
+<DATELINE>    ZURICH, April 1 - </DATELINE><BODY>Swiss capital exports notifed to the
+National Bank fell to 3.62 billion francs in February from 4.64
+billion in January and 5.44 billion in February 1986, the
+National Bank said.
+    This took the total for the first two months to 8.26
+billion francs, down from the previous 9.07 billion.
+    Of the total, 2.64 billion were in the form of bonds and
+notes, down from January's 4.12 billion and 4.84 billion in
+February 1986,  Some 980.6 mln were in the form of credits, up
+from 525.1 mln in January and 600.5 mln in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="34" NEWID="11806">
+<DATE> 1-APR-1987 04:54:30.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0299&#31;reute
+b f BC-CNT-ISSUES-20-BILLION   04-01 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CNT ISSUES 20 BILLION YEN EUROBOND</TITLE>
+<DATELINE>     LONDON, April 1 - </DATELINE><BODY>Caisse Nationale des Telecommunications
+is issuing a 20 billion yen eurobond due May 29, 1992 paying
+4-3/8 pct and priced at 101-1/2 pct, lead manager IBJ
+International Ltd said.
+    The non-callable bond is available in denominations of one
+mln yen and is guaranteed by France. The selling concession is
+1-1/4 pct while management and underwriting combined pays 5/8
+pct.
+    The payment date is May 29 and the issue will be listed in
+Luxembourg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="35" NEWID="11807">
+<DATE> 1-APR-1987 04:55:05.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0300&#31;reute
+b f BC-EAST-ASIATIC-ISSUES-1   04-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAST ASIATIC ISSUES 150 MLN MARK EUROBOND</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>The East Asiatic Company Ltd A/S is
+raising 150 mln marks through a 5-1/2 pct bullet eurobond
+priced at 100-1/4, lead manager Commerzbank AG said.
+    Investors will pay for the bond on May 6, and the bond pays
+annual interest on the same day. The bond matures on May 6,
+1992. The bond will be issued in denominations of 1,000 and
+10,000 marks. Fees total two pct, with 1-1/4 points for selling
+and 3/4 for management and underwriting combined. Listing will
+be in Frankfurt.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="36" NEWID="11808">
+<DATE> 1-APR-1987 04:56:23.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>hong-kong</D><D>philippines</D><D>singapore</D><D>malaysia</D><D>taiwan</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0301&#31;reute
+u f BC-AJINOMOTO-TO-BUY-OUT   04-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AJINOMOTO TO BUY OUT JOINT FOOD VENTURE PARTNER</TITLE>
+<DATELINE>    TOKYO, April 1 - </DATELINE><BODY>Ajinomoto Co Inc &lt;AJIN.T> said it will
+sign around end-April to buy the 50 pct of &lt;Knorr Foods Co
+Ltd>, capitalised at four billion yen, that it does not already
+own from its U.S. Partner &lt;CPC International Inc>.
+    Ajinomoto will also acquire 50 pct each of CPC's two sales
+subsidiaries and six production units in Hong Kong, the
+Philippines, Singapore, Malaysia, Taiwan and Thailand, he said.
+    The total cost of the acquisition is 340 mln dlrs, the
+spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="37" NEWID="11809">
+<DATE> 1-APR-1987 04:58:21.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0302&#31;reute
+b f BC-RURAL-BANKING-AND-FIN   04-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RURAL BANKING AND FINANCE ISSUES ZERO COUPON BOND</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The Rural Banking and Finance Corporation
+of New Zealand is issuing a zero coupon eurobond with a total
+redemption amount of 19 billion yen, lead manager Nomura
+International Ltd said.
+    The issue matures on April 15, 1992 and is priced at 81.22
+pct. The deal is being sold through the Bank of New Zealand and
+is guaranteed by New Zealand. The selling concession is 85
+basis points while management pays 70 basis points.
+    The payment date is April 15 while listing will be in
+Luxembourg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="38" NEWID="11810">
+<DATE> 1-APR-1987 04:58:59.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0304&#31;reute
+u f BC-TOSHIBA-UNIT-TO-ENTER   04-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOSHIBA UNIT TO ENTER U.K. TELECOMS MARKET</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>&lt;Toshiba Information Systems (U.K.) Ltd>,
+a unit of Japan's Toshiba Corp &lt;TSBA.T> said it planned to
+enter the U.K. Business facsimile and key telephone market, and
+forecast a turnover of 100 mln stg by 1990 for its full range
+of office automation equipment.
+    The announcement comes in the middle of a dispute between
+the U.K. And Japan over the entry of Cable and Wireless Plc
+&lt;CAWL.L> into the Japanese market.
+    Toshiba said the introduction of the products indicated its
+commitment to the U.K. Although the market was competitive, the
+facsimile segement was showing excellent growth.
+    In Japan, Cable is battling against proposals to merge a
+consortium in which it has a 20 pct stake with another group
+seeking telecommunications contracts.
+    Initial proposals would have given Cable a three pct stake.
+A later suggestion increased this to five pct, but Cable said
+yesterday the idea was still unacceptable.  The dispute is
+being treated by the U.K. Government as a test case of the
+openness of the Japanese telecommunications market.
+    Analysts said the coincidence of the timing of the
+announcement by Toshiba with Cable's dispute could increase
+pressure from the U.K. On Japan.
+    However, they noted that it was not a major move. Toshiba
+already has a sizeable presence in the U.K. While other
+Japanese companies, such as NEC Corp &lt;NIPN.T> has a presence in
+the key telephone -- telephone systems for businesses --
+market.
+    Cable shares were quoted seven pence lower in morning
+trading at 367p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="39" NEWID="11811">
+<DATE> 1-APR-1987 05:01:32.77</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>ghana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0307&#31;reute
+u f BC-GHANA-COCOA-PURCHASES   04-01 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GHANA COCOA PURCHASES SLOW</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The Ghana Cocoa Board said it purchased
+214 tonnes of cocoa in the 24th week, ended March 19, of the
+1986/87 main crop season, compared with 456 tonnes the previous
+week and 372 tonnes in the 24th week ended March 27 of the
+1985/86 season.
+    Cumulative purchases so far this season stand at 217,449
+tonnes, ahead of the 204,256 tonnes purchased by the 24th week
+of last season.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="40" NEWID="11812">
+<DATE> 1-APR-1987 05:01:47.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>young</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0308&#31;reute
+u f BC-U.K.-MERGER-CLEARANCE   04-01 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MERGER CLEARANCES</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The Secretary of State for Trade and
+Industry said he had decided not to refer the proposed
+acquisition by Reed International Plc &lt;REED.L> of &lt;Technical
+Publishing Company Inc> to the Monopolies and Mergers
+Commission.
+    The proposed acquisition by &lt;Rosehaugh Plc> of &lt;The General
+Funds Investment Trust Plc> was also cleared.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="41" NEWID="11813">
+<DATE> 1-APR-1987 05:04:43.62</DATE>
+<TOPICS><D>ship</D><D>iron-steel</D></TOPICS>
+<PLACES><D>taiwan</D><D>china</D><D>south-korea</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0311&#31;reute
+u f BC-TAIWAN-SEES-SHARP-DEC   04-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN SEES SHARP DECLINE IN SHIPBREAKING</TITLE>
+<AUTHOR>    By Chen Chien-kuo, Reuters</AUTHOR>
+<DATELINE>    TAIPEI, April 1 - </DATELINE><BODY>Taiwan's shipbreaking industry is
+expected to decline sharply this year despite the boom in 1986
+because of keener competition from South Korea and China, the
+rising Taiwan dollar and U.S. Import curbs on steel products,
+industry sources said.
+    Last year, Taiwanese breakers demolished a record 344
+vessels totalling 3.69 million light displacement tons (ldt),
+up on 165 of 2.97 million ldt in 1985, Lin Chung-jung, a Taiwan
+Shipbreaking Industry Association (TSIA) spokesman, told
+Reuters.
+    China scrapped vessels of some 1.1 mln ldt last year while
+South Korea demolished ships of 910,000 ldt, he said.
+    Yao Liu, president of Chi Shun Hwa Steel Co, a leading
+shipbreaker and steel producer in Kaohsiung, told Reuters, "We
+expect to scrap fewer ships this year because of an expected
+decline in our steel product exports."
+    Lin said many breakers predicted a 20 pct decline in
+scrapping operations this year due to falling demand from the
+U.S., Japan and Southeast Asia for Taiwanese steel.
+    Taiwan agreed last year to voluntarily limit its steel
+product exports to the U.S. To 120,000 tonnes in the first half
+of 1987 from about 260,000 tonnes in the first half of 1986, a
+Taiwan Steel and Iron Association official said.
+    Yao said the rising Taiwan dollar means Taiwan's steel
+exports are more expensive than South Korea's and China's.
+    The Taiwan dollar has strengthened by some 16 pct against
+the U.S. Unit since September 1985 and some bankers and
+economists said it could appreciate to 32 to the U.S. Dollar by
+the end of the year from 34.23 today, Yao said.
+    In comparison, the won rose by about five pct and yuan
+remained stable during the same period, he added.
+    "We have lost some orders to South Korea and mainland China
+because foreign importers have switched their purchases," he
+said.
+    Taiwan's steel exports to the U.S., Japan and Southeast
+Asia slipped to 148,000 tonnes in the first two months of 1987
+from about 220,000 tonnes a year earlier, the Taiwan Steel and
+Iron Association official said.
+    He said he expected further declines in later months but
+did not give figures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="42" NEWID="11814">
+<DATE> 1-APR-1987 05:10:12.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0324&#31;reute
+r f BC-NIXDORF-EXPANDS-BOARD   04-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIXDORF EXPANDS BOARD TO INCLUDE FINANCE DIRECTOR</TITLE>
+<DATELINE>    PADERBORN, West Germany, April 1 - </DATELINE><BODY>Nixdorf Computer AG
+&lt;NIXG.F> said its supervisory board has appointed Sven Kado to
+the new position of deputy member of the managing board,
+increasing the number of board members to seven.
+    Kado, 42, will be responsible for finance and purchasing.
+Until now finance has been the responsibility of Klaus Luft,
+who was named chairman of the board following the death of
+company founder Heinz Nixdorf in March 1986.
+    Kado, whose appointment takes effect from today, joined
+Nixdorf in 1984 and was previously the company's head of
+controlling and purchasing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="43" NEWID="11815">
+<DATE> 1-APR-1987 05:12:44.80</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0326&#31;reute
+u f BC-U.K.-INTERVENTION-FEE   04-01 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. INTERVENTION FEED WHEAT TENDER RESULT AWAITED</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Grain traders said they were still
+awaiting results of yesterday's U.K. Intervention feed wheat
+tender for the home market.
+    The market sought to buy 340,000 tonnes, more than double
+the remaining 150,000 tonnes available under the current
+tender. However, some of the tonnage included duplicate bids
+for supplies in the same stores.
+    Since the tenders started last July 861,000 tonnes of
+British feed wheat have been sold back to the home market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="44" NEWID="11816">
+<DATE> 1-APR-1987 05:16:59.90</DATE>
+<TOPICS><D>coffee</D><D>acq</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F T C
+&#22;&#22;&#1;f0332&#31;reute
+u f BC-SINGAPORE'S-UIC-TO-BU   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE'S UIC TO BUY INTO TECK HOCK COFFEE FIRM</TITLE>
+<DATELINE>    SINGAPORE, April 1 - </DATELINE><BODY>Singapore's United Industrial Corp Ltd
+(UIC) has agreed in principle to inject 16 mln dlrs in
+convertible loan stock into &lt;Teck Hock and Co (Pte) Ltd>, a
+creditor bank official said.
+    UIC is likely to take a controlling stake in the troubled
+international coffee trading firm, but plans are not finalised
+and negotiations will continue for another two weeks, he said.
+    Teck Hock's nine creditor banks have agreed to extend the
+company's loan repayment period for 10 years although a
+percentage of the new capital injection will be used to pay off
+part of the debt.
+    Teck Hock owes more than 100 mln Singapore dlrs and since
+last December the banks have been allowing the company to
+postpone loan repayments while they try to find an investor.
+    The nine banks are Oversea-Chinese Banking Corp Ltd, United
+Overseas Bank Ltd, Banque Paribas, Bangkok Bank Ltd, Citibank
+N.A., Standard Chartered Bank Ltd, Algemene Bank Nederland NV,
+Banque Nationale de Paris and Chase Manhattan Bank NA.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="45" NEWID="11817">
+<DATE> 1-APR-1987 05:24:03.36</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0345&#31;reute
+u f BC-H.K.-BANKS-TO-RAISE-P   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. BANKS TO RAISE PRIME RATES SOON, DEALERS SAY</TITLE>
+<DATELINE>    HONG KONG, April 1 - </DATELINE><BODY>Banks in Hong Kong are likely to raise
+prime rates by half a percentage point to 6-1/2 pct following a
+one-quarter point prime rate increase by two major U.S. Banks
+yesterday, dealers said.
+    They told Reuters local banks may decide on the increase at
+this weekend's routine meeting of the Hong Kong Association of
+Banks.
+    G.C. Goh, chief dealer of the Standard Chartered Bank, said
+prime rate increases by Citibank and Chase Manhattan Bank to
+7-3/4 pct from 7-1/2 may prompt Hong Kong banks to follow suit.
+    Goh said local banks want to restore the prime to 6-1/2
+pct, the level at beginning of 1987.
+    The banks raised the prime to the current six pct from five
+pct on February 28 after cutting it 1-1/2 points from 6-1/2 on
+January 15 in response to upside pressure on the Hong Kong
+dollar, he said.
+    The medium and longer term interbank rates firmed today,
+with three months ending at 5-1/16 to 4-7/8 pct against
+yesterday's five to 4-13/16 close. The overnight rate, however,
+fell to 3-1/2 to three pct from 4-1/2 to four because of
+increased liquidity for a local stock issue.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="46" NEWID="11818">
+<DATE> 1-APR-1987 05:25:50.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0349&#31;reute
+r f BC-MARK-EUROBOND-ISSUES   04-01 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARK EUROBOND ISSUES FALL IN SECOND MARCH HALF</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>The volume of mark eurobond issues
+fell in the period March 16 to 31 to 900 mln marks from 1.37
+billion in the period March 1 to 15, the Bundesbank said.
+    Issues comprised three bonds, including two fixed-interest
+bonds totaling 700 mln marks and one equity warrant bond
+totaling 200 mln marks. In addition, one Australian dollar bond
+was issued totaling 220 mln dlrs, with a portion of interest
+and principal payments to be met in marks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="47" NEWID="11819">
+<DATE> 1-APR-1987 05:26:44.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0351&#31;reute
+u f BC-NATIONWIDE-ISSUING-IN   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONWIDE ISSUING INDEX-LINKED LOAN STOCK</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Nationwide Building Society said it is
+issuing 30 mln stg of index-linked loan stock due 2021 by way
+of a placing on a yield basis in the domestic sterling market.
+    The issue's real rate of return, price and the amount of
+the first interest payment will be fixed at 1400 gmt today. The
+real rate of return will be the sum of 0.60 pct plus the gross
+real rate of return on the 2-1/2 pct index-linked Treasury
+stock due 2020.
+    The issue will be partly paid with 25 stg pct payable on
+acceptance and the balance on July 1, 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="48" NEWID="11820">
+<DATE> 1-APR-1987 05:27:05.32</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0353&#31;reute
+u f BC-GERMAN-CALL-MONEY-DRO   04-01 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN CALL MONEY DROPS BACK AT MONTH START</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>Call money rates fell to 3.85/95 pct
+from five pct yesterday in moderate trading as month end
+tightness disappeared and operators took positions for April.
+    Dealers said they expected rates to remain within a 3.70 to
+four pct range this month. A minor tax payment period on behalf
+of customers mid-month, the long Easter weekend and pension
+payments were unlikely to tighten rates significantly.
+    Next Wednesday, 14.9 billion marks are leaving the system
+on the expiry of a securities repurchase pact. But dealers said
+they expected the Bundesbank to fully replace the outflow with
+a new tender at a fixed rate of 3.80 pct.
+    Commerzbank AG's management board chairman Walter Seipp
+called on the Bundesbank to reduce interest rates to protect
+the mark through bringing the allocation rate for securities
+repurchase agreements down.
+    But dealers said the Bundesbank was unlikely to ease credit
+policies at the moment. There was little domestic and foreign
+pressure for lower rates and no signs of a change.
+    Yesterday one or two large West German banks effectively
+drained the domestic money market of liquidity in order to
+achieve higher rates from their overnight deposits, dealers
+said.
+    Bundesbank figures showed banks held an average daily 50.7
+billion marks in minimum reserves at the central bank over the
+first 30 days of March, the exact requirement needed just one
+day before the end of the month.
+    Actual holdings on Monday were 42.0 billion marks.
+    Because rates soared to the level of the Lombard emergency
+funding rate yesterday, banks fell back on the loan facility to
+draw down a high 5.3 billion marks in an attempt to meet
+Bundesbank needs, the data showed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="49" NEWID="11821">
+<DATE> 1-APR-1987 05:28:52.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0358&#31;reute
+f f BC-SWEDEN'S-BOLIDEN-AB-T   04-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+****<TITLE>SWEDEN'S BOLIDEN AB TAKES OVER U.S. ALLIS-CHALMERS CORP FOR
+600 MLN CROWNS - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="50" NEWID="11822">
+<DATE> 1-APR-1987 05:30:27.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>indonesia</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0359&#31;reute
+u f BC-MITSUBISHI-HEAVY,-C.   04-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI HEAVY, C. ITOH TO SELL TRIGUNA STAKES</TITLE>
+<DATELINE>    TOKYO, April 1 - </DATELINE><BODY>Mitsubishi Heavy Industries Ltd &lt;MITH.T>
+(MHI) and C. Itoh and Co Ltd &lt;CITT.T> have decided to sell
+their combined 65 pct stake in Indonesia's &lt;Pt Triguna Utama
+Machinery Industries> to &lt;Caterpillar Tractor Co>,  spokesmen
+for the two Japanese companies said.
+   Triguna, set up in 1982, is owned 40 pct by MHI and 25 pct
+by C. Itoh and 35 pct by an Indonesian company. It makes about
+10 forklift trucks and a similar number of excavators each
+month in technological cooperation with MHI.
+    The spokesmen said the sale results from an expected
+restructuring later this year of the 50/50 Caterpillar/MHI
+joint venture Japanese company &lt;Caterpillar Mitsubishi Ltd>,
+formed in 1963.
+    They said the venture will be renamed &lt;Shin Caterpillar
+Mitsubishi Ltd> and capitalised at 23 billion yen. It will
+still be owned equally by MHI and Caterpillar and will be set
+up with the aim of centralising MHI's excavator business.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="51" NEWID="11823">
+<DATE> 1-APR-1987 05:30:52.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE><D>ozal</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0361&#31;reute
+r f BC-TURKISH-BANKS-ANNOUNC   04-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH BANKS ANNOUNCE HIGHER PROFITS FOR 1986</TITLE>
+<AUTHOR>    By Ragip Erten, Reuters</AUTHOR>
+<DATELINE>    ISTANBUL, April 1 - </DATELINE><BODY>Turkey's banks are reporting a strong
+recovery in 1986 profits, but a government drive to liberalise
+capital markets poses new challenges to a banking industry
+seeking to broaden its earnings base.
+    A dozen of Turkey's 55 banks have announced higher 1986
+profits so far, a trend bankers in the financial capital of
+Istanbul expect to be reflected through most of the industry.
+    But while Ankara's policy of liberalising markets offers
+new opportunites to expand operations, some bankers see dangers
+attached to a related drive to push down Turkish interest
+rates.
+    Bankers said the government's policy of fostering lower
+interest rates could lead to a consumer boom and reignite
+inflation, currently running at about 30 pct. They worry that
+this could further reduce the industry's shrinking deposit
+base.
+    This has given added urgency to bank moves to build up
+their capital market operations as Turkey's market-oriented
+Prime Minister Turgut Ozal liberalises the financial system.
+    Bankers said the 1986 recovery in earnings stemmed partly
+from foreign exchange operations and trade finance. But a
+growing volume of trading in government securities is now also
+a major source of revenue for banks.
+    Bankers said the proportion of bank profits generated from
+the traditional financing of commerce and industry is falling,
+and some have even been making a loss on these operations.
+    The major challenge to bank profits in Turkey came in 1980
+when the government, faced with its worst financial crisis in
+50 years, raised domestic interest rates sharply to fight an
+inflation rate of over 100 pct and launched an export drive.
+    Deniz Gokce, associate professor of economics at the
+Bosphorus University, told Reuters that banks were forced to
+pay depositors real interest rates for the first time and
+profits started to fall. Previously, rates had been below
+inflation.
+    Turkey's domestic banks also partly missed out on the
+export drive as foreign banks moved into Istanbul and reaped
+the benefits of trade finance with their added expertise. The
+number of foreign banks has risen to 16 from just two in 1981.
+    Although local banks tried to follow suit, Turkey's exports
+declined last year to 7.4 billion dlrs from 7.9 billion in 1985
+and bankers doubt there is enough business to go round.
+    As a result banks, including a few foreign operations, have
+started moving into capital market operations to broaden their
+earnings base and take advantage of the relaunch just over a
+year ago of the Istanbul Stock Exchange.
+    "When we saw that there was a demand and supply of money
+outside the banking system, we could not envisage ourselves
+excluded from these transactions," said Osman Erk, deputy
+general manager of the private bank Yapi ve Kredi Bankasi AS.
+    The number of banks active at the exchange, mainly trading
+government securities, went up to 28 this year from 23 when the
+market was revived in December 1985.
+    Liberalisation went one step further last week when
+parliament passed a law encouraging companies to go public.
+Last month, Yapi ve Kredi Bankasi launched the country's first
+commercial paper programme, for a joint-venture chemical firm.
+    Medium-sized private Pamukbank AS announced a strong
+recovery in 1986 pre-tax profit to 12.9 billion lira from 603
+mln in 1985, while Yapi ve Kredi Bankasi profits increased to
+30.6 billion lira from 6.1 billion. Bankers said both benefited
+from trade finance and increased capital market operations.
+    Turkey's second biggest bank, the private Turkiye Is
+Bankasi, announced a profit rise to 35 billion from 32.3
+billion in 1985.
+    However, bankers said some banks have been "window dressing"
+their balance sheets to mask non-performing loans which are
+variously estimated by bankers at between 20 to 50 pct of the
+industry's 9,026 billion lira in total credits.
+    Non-performing loans began to mount in the early 1980s as
+industry failed to cope with higher interest rates and started
+to default. Some banks continued to count loans as performing.
+    "After 1984 all banks started to be more careful in giving
+credits, so the non-performing loans is a problem of the period
+between 1980 to 1984," Erk said.
+    But the problem of bad loans led to a rescue by three state
+banks of medium-sized Turkiye Ogretmenler Bankasi AS earlier
+this year when the Treasury, which acts as a watchdog body over
+banks, discovered that the its assets were to a large extent
+made up of non-performing loans.
+    Some 51 billion lira out of the bank's 69 billion lira loan
+portfolio was non-performing. But the bank had reported a 1986
+pre-tax profit of 65 mln lira.
+    Bankers cited this as a typical example of how balance
+sheets could hide problems despite a drive by the central bank
+to standardise accounting.
+    Gokce said the only solution would be for compulsory
+auditing by international accounting companies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="52" NEWID="11824">
+<DATE> 1-APR-1987 05:47:30.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0382&#31;reute
+b f BC-GLAVERBEL-SHARE-OFFER   04-01 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLAVERBEL SHARE OFFER OVER 100 TIMES OVERSUBSCRIBED</TITLE>
+<DATELINE>    BRUSSELS, April 1 - </DATELINE><BODY>The public offer by Glaverbel SA,
+Europe's third biggest glassmaker, of 755,000 shares was more
+than 100 times oversubscribed, a statement by banks and share
+dealers responsible for the issue said.
+    Glaverbel offered the shares at 1,850 francs in an
+operation under which its parent company, Asahi Glass Ltd
+&lt;ASGL.T> will reduce its participation to 56.7 pct from 73.6
+pct previously.
+    Asahi is selling 500,000 shares in Glaverbel while the
+company itself is issuing 340,000 new shares. Over 10 pct of
+the total available shares has been reserved for staff.
+    The statement said applicants for over 5,000 shares will
+receive 30. There is a sliding scale which gives relatively
+modest applications a higher proportion and those who sought
+between 101 and 500 shares will receive five. No shares will be
+given to applicants for fewer than 100 shares.
+    Glaverbel's net consolidated profit rose to 542 mln francs
+last year from 137 mln in 1985 and the group is to pay a 29
+franc gross dividend, its first for over 10 years.
+    As a result of the offer, some 45 pct of Glaverbel's
+capital, or two mln shares, will be listed on the Brussels
+bourse.
+    Share dealers said some of the weakness on the bourse
+recently probably has been due to the amount of money tied up
+in Glaverbel applications.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="53" NEWID="11825">
+<DATE> 1-APR-1987 06:00:08.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0395&#31;reute
+f f BC-SWEDEN'S-BOLIDEN-AB-T   04-01 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SWEDEN'S BOLIDEN AB TAKES OVER MINING GEAR UNITS OF
+ALLIS-CHALMERS CORP FOR 600 MLN CROWNS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="54" NEWID="11826">
+<DATE> 1-APR-1987 06:00:22.41</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0396&#31;reute
+f f BC-SUGAR-TRADERS-FORECAS   04-01 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUGAR TRADERS FORECAST LIKELY EC SUGAR REBATE</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>London traders say the European Community
+is likely to award a maximum rebate of 46.80 European currency
+units per 100 kilos at today's tender, while traders in Paris
+predict a maximum award of 46.40 Ecus.
+    Last week the EC awarded licences for 59,000 tonnes at a
+rebate of 45.678 Ecus.
+    Trade views differed on the amount of sugar likely to be
+released today.
+    London traders said the EC Commission will probably
+endeavour to release a large tonnage, and as much as  100,000
+tonnes may be authorised for export under licences up to
+end-September.
+    Paris traders put the likely tonnage at around 60,000.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="55" NEWID="11827">
+<DATE> 1-APR-1987 06:01:22.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0397&#31;reute
+u f BC-BUEHRMANN-TETTERODE-P   04-01 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUEHRMANN-TETTERODE PLANS FURTHER EXPANSION</TITLE>
+<DATELINE>    AMSTERDAM, APRIL 1 - </DATELINE><BODY>Dutch paper, packaging and graphical
+equipment group Buehrmann-Tetterode NV &lt;BVTN.AS> said its
+policy in this and coming years will be aimed at further
+expansion by autonomous growth and takeovers at home and
+abroad.
+    In the statement on its official results for 1986 it also
+confirmed provisional results given on March 2, stating a 1986
+net profit of 93.2 mln guilders against 57.3 mln in 1985.
+Turnover rose by 4.4 pct to 3.25 billon guilders.
+    Net profit per share, corrected for a share issue and stock
+split, was 3.92 guilders in 1986 against 3.28, and dividend
+1.55 guilders per nominal five guilder share against 1.30
+guilders.
+    Buehrmann-Tetterode said its international expansion will
+be aimed at the United States in particular, adding that the
+company was pursuing wider geographical spread of assets and
+profits.
+    Joint-ventures might in some cases be preferable to
+starting new activities on their own, the statement said.
+    The firm said its financial position enables it to achieve
+its goals and it has confidence for 1987.
+    Buehrmann's board chairman, Adriaan Overwater, told
+reporters he expected 1987 turnover to grow more rapidly than
+in 1986 when net sales posted only a 4.4 pct rise to 3.4
+billion guilders while profits were up 63 pct to 93.2 mln.
+    He said 1986 profits surged mainly after acquisitions and
+reorganisations aimed at reducing costs and solving operational
+problems, such as unsatisfactory management in the firm's
+stationary, office equipment and leisure articles division.
+    Overwater said he was optimistic about 1987 prospects but
+said he would await first quarter results before quantifying
+growth expectations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="56" NEWID="11828">
+<DATE> 1-APR-1987 06:04:01.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0403&#31;reute
+b f BC-BANK-OF-TOKYO-ISSUES   04-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF TOKYO ISSUES CONVERTIBLE EUROBOND</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The Bank of Tokyo Ltd is issuing a 100
+mln dlr convertible eurobond due March 31, 2002 paying an
+indicated coupon of two pct and priced at par, lead manager
+Bank of Tokyo International Ltd said.
+    The coupon will be fixed on April 8 while the conversion
+price and foreign exchange rate will be set on April 9. The
+selling concession is 1-1/2 pct while management and
+underwriting each pay 1/2 pct.
+    The issue is available in denominations of 5,000 dlrs and
+is convertible from May 20, 1987 until March 20, 2002. The
+payment date is April 30 and there will be a short first coupon
+period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="57" NEWID="11829">
+<DATE> 1-APR-1987 06:04:52.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0405&#31;reute
+b f BC-BOLIDEN-TAKES-OVER-AL   04-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIDEN TAKES OVER ALLIS-CHALMERS DIVISION</TITLE>
+<DATELINE>    STOCKHOLM, April 1 - </DATELINE><BODY>Swedish mining and metals group
+Boliden AB &lt;BLDS ST> said it would buy the mining equipment
+operations of the U.S. Allis-Chalmers Corp &lt;AH.O>, amounting to
+more than 50 pct of group sales, for 600 mln crowns.
+    Boliden president Kjell Nilsson told a news conference the
+acquisition of the Allis-Chalmers unit, which he described as
+the world's leading producer of equipment for the mineral
+processing industry, would yield positive synergy effects for
+Boliden mining, metals and engineering operations.
+    Nilsson said the takeover also will provide opportunities
+to cooperate with the mining and materials handling operations
+of Boliden's parent company, &lt;Trelleborg AB>.
+    He said Allis-Chalmers was selling out because it needed
+new cash after suffering big losses in its farm equipment
+operation.
+    The deal is subject to approval by Allis-Chalmers' annual
+meeting, company officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="58" NEWID="11830">
+<DATE> 1-APR-1987 06:05:04.32</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>japan</D><D>hong-kong</D><D>singapore</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0406&#31;reute
+u f BC-PROPOSED-JAPAN-TAX-MA   04-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED JAPAN TAX MAY DAMPEN TOKYO GOLD TRADING</TITLE>
+<DATELINE>    TOKYO, April 1 - </DATELINE><BODY>A proposed sales tax on gold transactions
+could put a damper on the Tokyo market and encourage a shift of
+trading to Hong Kong and Singapore, senior vice president and
+Tokyo branch manager of Credit Suisse Paul Hofer told a press
+conference.
+    "If you impose five pct on both buy and sell transactions,
+Tokyo participants in the gold market could be out of business,"
+he said. The tax would create such a spread that Japanese would
+be unable to compete in the international market, he added.
+    "How can the government really raise taxes if the system
+they impose is prohibitive of generating business?" he said.
+    The government now imposes a 15 pct tax on physical trades
+exceeding 37,500 yen for gold jewellery and coins and a 2.5 yen
+tax per 10,000 yen on futures transactions, gold dealers said.
+    The new five pct tax would be imposed on companies trading
+more than 100 mln yen a year and apply to paper gold trades,
+gold deposits with banks and trading of gold bars as well as
+that of jewellery and coins, dealers said.
+    However, the tax would lower the rate on jewellery and
+coins to only five pct from the current 15 pct, they said.
+    Hofer said in 1982 Switzerland had imposed a 5.6 pct gold
+turnover tax on Jan 1, 1980, but abolished it on Oct 1, 1986.
+    A study by one of the Swiss banks showed that in early
+1980, the first year of the tax, the volume for all Swiss banks
+fell by up to 25 pct compared with 1978 and 1979, Hofer said.
+    Transactions of paper gold also fell up to 75 pct of the
+volume prior to imposition of the tax, he said.
+    While gold transactions in Switzerland decreased, the
+volume of trades outside the country, particularly in London
+and Luxembourg, increased between 10-25 pct, Hofer said.
+    Japan is a major importer of gold, buying a yearly average
+just under 200 tonnes, gold dealers said.
+    Last year Japan imported about 600 tonnes of gold, but the
+government had bought about 300 tonnes for minting coins to
+commemorate the 60th year of Emperor Hirohito's reign, dealers
+said.
+    Gold trading in Tokyo is dominated mainly by Japanese
+trading companies, while Credit Suisse is the major foreign
+participant.
+    Daily turnover in the Tokyo spot market ranges between one
+and 10 tonnes with the average around three tonnes, while
+futures turnover amounts to about four tonnes, gold dealers
+said.
+    "All of us are concerned daily with the fact that the Tokyo
+market is growing, that Japan is becoming one of the three
+major financial markets in the world ... And in my personal
+opinion I think it would be a very big mistake to put a damper
+on this positive growth or developments by imposing such a tax,"
+Hofer said.
+    "I don't think it fits the philosophy of an
+internationalising market," he added.
+    Officials of several major Japanese trading houses,
+attending the press conference, said they supported Credit
+Suisse's call for the government not to impose the gold tax.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="59" NEWID="11831">
+<DATE> 1-APR-1987 06:13:40.77</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0427&#31;reute
+r f BC-INDIAN-RATE-CUTS-TO-S   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN RATE CUTS TO SPARK INDUSTRY, AGRICULTURE</TITLE>
+<DATELINE>    NEW DELHI, April 1 - </DATELINE><BODY>The Indian Finance Ministry's
+announcement in Parliament yesterday, changing the nation's
+interest rate structure, will benefit industry and agriculture
+by providing loans at lower interest, bankers and brokers said.
+    The changes, effective today, included reducing commercial
+bank lending rates that have ranged between 15 pct and 17.5 pct
+by one percentage point.
+    New rates, which affect both Indian and foreign banks, also
+include a one percentage point gain, to an annual 10 pct, on
+deposits of two years or more but less than five.
+    Bank deposits of five years or more carrying 11 pct
+interest have been abolished.
+    Bankers said the interest rate modifications reflect the
+government's concern to reduce the costs of borrowing and help
+improve world competitiveness of Indian goods.
+    There is likely to be a shift to short-term bank deposits
+by long-term depositors, bankers predicted. This will create
+the flexibility to draw and re-invest funds in either equity
+shares or short-term bank deposits, they said.
+    A merchant banker also said reduced manufacturing costs due
+to lower lending rates are likely to boost the share market.
+    Tata Steel, a trend setter on the Bombay Stock Exchange,
+opened today higher at 1,040 rupees against yesterday's closing
+of 1,012.50 rupees.
+    A stockbroker said investors may be less enthusiastic now
+to buy convertible and non-convertible debentures because the
+Finance Ministry has reduced the annual interest rate to 12.5
+pct and 14 pct respectively from 13.5 and 15 pct respectively.
+    "But overall debenture prospects remain bright because the
+rates of interest on them will still be higher than what banks
+pay for deposits of similar maturity," a merchant banker said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="60" NEWID="11832">
+<DATE> 1-APR-1987 06:19:08.99</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0436&#31;reute
+b f BC-U.K.-MONEY-MARKET-SHO   04-01 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET SHORTAGE FORECAST REVISED UP</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The Bank of England said it had revised
+its estimate of the shortage in the money market up to 1.3
+billion stg from 1.2 billion before taking account of its early
+operations.
+    The Bank has provided 689 mln stg assistance so far today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="61" NEWID="11833">
+<DATE> 1-APR-1987 06:20:55.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0438&#31;reute
+r f BC-INTERNATIO-MUELLER-AC   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIO-MUELLER ACQUIRES CANADIAN COMPANY</TITLE>
+<DATELINE>    ROTTERDAM, April 1- </DATELINE><BODY>Internatio-Mueller NV &lt;INTN.AS> said it
+will acquire &lt;Promac Controls Inc> of Canada but declined to
+comment on the amount of the payment, which will be in cash.
+    Promac, which produces measurement and regulating
+equipment, has a work force of 50 and had 1986 turnover of five
+mln guilders, an Internatio spokesman said.
+    He said the takeover fits into the company's drive for
+expansion in the U.S and Canada and further acquisitions are
+possible.
+    Promac Controls will be part of Internatio's
+electrotechnical sector.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="62" NEWID="11834">
+<DATE> 1-APR-1987 06:26:07.35</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0444&#31;reute
+u f BC-U.K.-INTERVENTION-FEE   04-01 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. INTERVENTION FEED WHEAT SOLD TO HOME MARKET</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>A total of 126,031 tonnes of U.K.
+Intervention feed wheat was sold to the home market at this
+week's tender, provisional results show, the Home Grown Cereals
+Authority (HGCA), said.
+    Actual prices were not reported but the wheat was sold at,
+or above, the March intervention price of 119.17 stg per tonne.
+    Grain traders sought to buy about 340,000 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="63" NEWID="11835">
+<DATE> 1-APR-1987 06:28:58.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0448&#31;reute
+u f BC-KEPPEL-CORP-CONVERTIB   04-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEPPEL CORP CONVERTIBLE INCREASED TO 75 MLN DLRS</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The U.S. Dollar convertible eurobond for
+Keppel Corp has been increased to 75 mln dlrs from the initial
+60 mln, bookrunner Morgan Grenfell and Co Ltd said.
+    The coupon was set at four pct compared with an indication
+of four to 4-1/4 pct. The conversion price was set at 3.12
+Singapore dlrs per share, a premium of 5.05 pct. The foreign
+exchange rate was set at 2.1381 Singapore dlrs to the U.S.
+Dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="64" NEWID="11836">
+<DATE> 1-APR-1987 06:31:26.22</DATE>
+<TOPICS><D>coconut</D><D>oilseed</D></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0450&#31;reute
+u f BC-SRI-LANKA-TO-UPGRADE   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKA TO UPGRADE QUALITY OF COCONUT PRODUCTS</TITLE>
+<DATELINE>    COLOMBO, April 1 - </DATELINE><BODY>The Sri Lankan cabinet approved
+recommendations to upgrade the quality of coconut fibre
+products, the government said.
+    It said the recommendations also suggested that
+encouragement be given for the manufacture of value-added
+products from coconut fibre and a market development programme
+be launched for traditional and value-added products.
+    It also suggested the setting up of a marketing mission on
+coconut fibre to be sent this month to principal target
+markets.
+    Sri Lanka is the world's second largest exporter of
+dessicated coconut after the Philippines.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="65" NEWID="11837">
+<DATE> 1-APR-1987 06:38:30.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0460&#31;reute
+r f BC-HOOGOVENS-CONCLUDES-T   04-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOOGOVENS CONCLUDES TAKEOVER OF PHILIPS CIREX UNIT</TITLE>
+<DATELINE>    IJMUIDEN, Netherlands, April 1 - </DATELINE><BODY>Dutch steel concern
+&lt;Hoogovens Groep BV> said it had reached agreement with NV
+Philips Gloeielampenfabrieken &lt;PGLO.AS> on its takeover of
+Cirex, a specialised Philips precision wax moulding unit.
+    Neither party would reveal financial details of the deal,
+initially announced in October.
+    Hoogovens said Cirex turnover had grown in recent years to
+30 mln guilders in 1986 and it expected further expansion.
+    The unit delivers mainly to the car industry.
+    Hoogovens said the acquisition would strengthen its
+position as a supplier to industry of high-value metal
+products.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="66" NEWID="11838">
+<DATE> 1-APR-1987 06:41:20.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0467&#31;reute
+r f BC-BAHRAIN-COMMERCIAL-BA   04-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAHRAIN COMMERCIAL BANKS INTRODUCE FIVE-DAY WEEK</TITLE>
+<DATELINE>    BAHRAIN, April 1 - </DATELINE><BODY>Bahrain is the first Gulf Arab country
+to introduce an obligatory five-day working week for its
+commercial banks ending a traditional six-day week.
+    The Bahrain Monetary Agency (BMA) said the regulation
+applied only to the domestic sector comprising about 20
+commercial banks and was not obligatory for the island's
+approximately 70  offshore banks.
+    BMA Banking Services Director, Sulman Bin Khalifa Al
+Khalifa, said commercial banks will now open from Sunday to
+Thursday and added that twenty-one offshore banking units had
+also requested and been given permission for a five-day week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="67" NEWID="11839">
+<DATE> 1-APR-1987 06:57:23.64</DATE>
+<TOPICS><D>gold</D><D>silver</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0495&#31;reute
+u f BC-PRECIOUS-METALS-CLIMA   04-01 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRECIOUS METALS CLIMATE IMPROVING, SAYS MONTAGU</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The climate for precious metals is
+improving with prices benefiting from renewed inflation fears
+and the switching of funds from dollar and stock markets,
+brokers Samuel Montagu and Co Ltd said.
+    Silver prices in March gained some 15 pct in dlr terms due
+to a weak dollar and silver is felt to be fairly cheap relative
+to gold, Montagu said in its monthly silver newsletter. In
+March the gold/silver ratio narrowed from 74 to less than 67.
+    The supply/demand position has improved in the past year,
+and despite a silver market surplus, the quantity of silver is
+modest enough to be absorbed by investors, it added.
+    The report said the firmness in oil prices was likely to
+continue in the short term.
+    A period of consolidation might be necessary before prices
+attempted to move significantly higher,it said, but so long as
+the dollar remains under pressure then the outlook for silver
+was positive.
+    However silver was less likely to continue to outpace the
+other metals by such a margin, Montagu said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="68" NEWID="11840">
+<DATE> 1-APR-1987 07:01:25.19</DATE>
+<TOPICS><D>ship</D><D>grain</D><D>oilseed</D><D>veg-oil</D><D>meal-feed</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0499&#31;reute
+u f BC-ROTTERDAM-GRAIN-HANDL   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTTERDAM GRAIN HANDLERS STAGE LIGHTNING STRIKES</TITLE>
+<DATELINE>    ROTTERDAM, April 1 - </DATELINE><BODY>Lightning strikes hit the grain sector
+of the port of Rotterdam today after employers turned down
+union demands for shorter working hours in a new labour
+agreement, transport union FNV spokesman Bert Duim said.
+    Around 140 grain handlers stopped work, 125 of them at the
+two Europoort locations of Graan Elevator Mij (GEM), which
+handles about 95 pct of grain, oilseeds and derivatives passing
+through Rotterdam.
+    GEM managing director Pieter van der Vorm said the
+facilities were 40 pct operational.
+    The employers had invited the unions for talks later today,
+but details of the labour agreement would not be on the agenda,
+Van der Vorm said.
+    It is barely one month since the end of an eight-week
+campaign of lightning strikes against redundancies in
+Rotterdam's general cargo sector, which stevedoring companies
+said cost them millions of guilders.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="69" NEWID="11841">
+<DATE> 1-APR-1987 07:02:31.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0501&#31;reute
+u f BC-BOLIDEN-TAKES-OVER-AL   04-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIDEN TAKES OVER ALLIS-CHALMERS DIVISION</TITLE>
+<DATELINE>    STOCKHOLM, April 1 - </DATELINE><BODY>Swedish mining and metals group
+Boliden AB said it would buy the mining equipment operations of
+the U.S. Allis-Chalmers Corp, amounting to more than 50 pct of
+group sales, for 600 mln crowns.
+    Boliden president Kjell Nilsson told a news conference the
+acquisition of the Allis-Chalmers unit, which he described as
+the world's leading producer of equipment for the mineral
+processing industry, would yield positive synergy effects for
+Boliden mining, metals and engineering operations.
+    Nilsson said the takeover will provide opportunities to
+cooperate with the mining and materials handling operations of
+Boliden's parent company, Trelleborg AB.
+    He said Allis-Chalmers was selling out because it needed
+new cash after suffering big losses in its farm equipment
+operation.
+    The deal is subject to approval by Allis-Chalmers' annual
+meeting, company officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="70" NEWID="11842">
+<DATE> 1-APR-1987 07:09:49.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0514&#31;reute
+u f BC-KIDNAPPED-BUSINESSMAN   04-01 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIDNAPPED BUSINESSMAN RELEASED</TITLE>
+<DATELINE>    MANILA, April 1, Reuter - </DATELINE><BODY>Kidnapped Japanese businessman
+Nobuyuki Wakaoji has been released after four months in
+captivity, Presidential spokesman Teodoro Benigno said.
+    Benigno told reporters the 53-year-old Mitsui and Co Ltd
+executive was freed yesterday and is being held in an
+undisclosed hospital.
+    He gave no further details on the release, which was
+confirmed minutes earlier by a Mitsui spokesman in Tokyo.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="71" NEWID="11843">
+<DATE> 1-APR-1987 07:14:45.55</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0526&#31;reute
+u f BC-MALAYSIA-DECLINES-TO   04-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA DECLINES TO STATE POSITION ON COCOA PACT</TITLE>
+<AUTHOR>    By Rajan Moses, Reuters</AUTHOR>
+<DATELINE>    KUALA LUMPUR, April 1 - </DATELINE><BODY>Government officials in Malaysia, a
+major cocoa producer, have declined to say whether it will join
+the International Cocoa Agreement (ICCA) for which buffer stock
+rules were agreed in London last week.
+    Ministry of Primary Industries officials said in January
+the cabinet would decide on Malaysia's participation, but so
+far a decision has not been announced. The government is said
+to be in favour of joining the pact, but local cocoa growers
+and traders told Reuters they are against the idea because
+certain provisions in it may be to their disadvantage.
+    Malaysia is the world's fourth largest cocoa producer. The
+government feels that the pact, through its buffer stock
+mechanism, can help stabilise prices in a market which is
+labouring under surpluses, officials said.
+    But growers and traders are concerned Malaysia's
+participation in the pact will require them to pay a levy for
+exports of cocoa to non-member countries of the ICCA.
+    They estimate the levy at around 100 ringgit a tonne at
+current prices and said they are not prepared to accept it
+because a big portion of Malaysia's cocoa exports, officially
+estimated at 112,000 tonnes in 1986, goes to non-members.
+    Most growers and traders added they are also against a
+buffer stock measure under the agreement which requires
+withholding of cocoa stocks when prices slump.
+    Malaysia, which produced 117,000 tonnes of cocoa last year,
+might be forced to withhold up to 70,000 tonnes worth some 30
+mln ringgit under such a measure in the long-term, and this
+might affect their economic viability, they said.
+    "The cost of maintaining such a stock can be high and it
+will be a real messy business for the government and the trade
+if it ever occurs," an industry source said.
+    The growers and traders also said that under new buffer
+stock rules Malaysia can continue to benefit even if it is not
+a member of the pact, as the buffer stock manager is also
+allowed to buy from non-members for the stockpile.
+    Under the new rules purchases from non-members, such as
+Malaysia, will be limited to 15 pct of the total stock.
+    Malaysia has come under pressure from some producers to
+join the pact soon, officials said, but they noted that it need
+not rush to do so as there are provisions which allow countries
+to join the agreement even at a later date.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="72" NEWID="11844">
+<DATE> 1-APR-1987 07:15:40.06</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0530&#31;reute
+r f BC-CURRENCY-INSTABILITY   04-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURRENCY INSTABILITY WILL NOT LAST - SUMITA</TITLE>
+<DATELINE>    TOKYO, April 1 - </DATELINE><BODY>Bank of Japan Governor Satoshi Sumita said
+the present foreign exchange market instability will not last
+long as there is caution in the market regarding the rapid
+decline of the U.S. Unit.
+    He told reporters the major currency nations are determined
+to continue their concerted intervention whenever necessary to
+stave off speculative dollar selling in line with their
+February 22 currency stability agreement in Paris.
+    Sumita also said he did not see the recent dollar drop as
+anything like a free-fall.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="73" NEWID="11845">
+<DATE> 1-APR-1987 07:16:06.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0532&#31;reute
+r f BC-GMAC-UNIT-ISSUES-50-M   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GMAC UNIT ISSUES 50 MLN AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>GMAC (Australia) Finance Ltd is issuing a
+50 mln Australian dlr eurobond due May 6, 1991 paying 14-1/4
+pct and priced at 101 pct, sole lead manager Hambros Bank Ltd
+said.
+    The issue is guaranteed by General Motors Acceptance Corp.
+The non-callable bond is available in denominations of 1,000
+Australian dlrs and will be listed in London.
+    The selling concession is 1-1/8 pct while management and
+underwriting combined pays 5/8 pct. The payment date is May 6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="74" NEWID="11846">
+<DATE> 1-APR-1987 07:18:12.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0542&#31;reute
+u f BC-HONG-KONG-1986/87-BUD   04-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG 1986/87 BUDGET SURPLUS ESTIMATE RAISED</TITLE>
+<DATELINE>    HONG KONG, April 1 - </DATELINE><BODY>Hong Kong's budget surplus for the
+1986/1987 fiscal year has been revised to 3.7 billion H.K. Dlrs
+from a 3.1 billion dlr estimate made in February, Financial
+Secretary Piers Jacobs said.
+    He told the Legislative Council that the revision for the
+year ended March 31, 1987 reflected higher than anticipated
+stamp tax revenues due to an active stock market.
+    The surplus for the fiscal year was initially estimated at
+348 mln dlrs and was revised to 3.1 billion in Jacobs' budget
+presentation in February. The 1987/1988 budget surplus is
+estimated at 1.8 billion dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="75" NEWID="11847">
+<DATE> 1-APR-1987 07:19:06.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0545&#31;reute
+r f BC-BOND-CORP-COMPLETES-C   04-01 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOND CORP COMPLETES CONSOLIDATED PRESS PURCHASE</TITLE>
+<DATELINE>    PERTH, April 1 - </DATELINE><BODY>Bond Corp Holdings Ltd &lt;BONA.S> said it
+has completed the 1.05 billion dlr purchase of the electronic
+media interests of unlisted &lt;Consolidated Press Holdings Ltd>.
+    The new company &lt;Bond Media Ltd> now holds the television,
+broadcasting and associated businesses previously held by Kerry
+Packer's Consolidated, Bond Corp said in a statement.
+    Packer, who made the sale in January, will be a director of
+Bond Media. As previously reported, Bond Media will be publicly
+floated with a rights issue to Bond Corp shareholders. Bond
+Media will be 50 pct owned by Bond Corp and is expected to be
+listed by the end of May, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="76" NEWID="11848">
+<DATE> 1-APR-1987 07:19:38.23</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0546&#31;reute
+r f BC-H.K.-BANKS-TO-RAISE-P   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. BANKS TO RAISE PRIME RATES SOON, DEALERS SAY</TITLE>
+<DATELINE>    HONG KONG, April 1 - </DATELINE><BODY>Banks in Hong Kong are likely to raise
+prime rates by half a percentage point to 6-1/2 pct following a
+one-quarter point prime rate increase by two major U.S. Banks
+yesterday, dealers said.
+    They told Reuters local banks may decide on the increase at
+this weekend's routine meeting of the Hong Kong Association of
+Banks.
+    G.C. Goh, chief dealer of the Standard Chartered Bank, said
+prime rate increases by Citibank and Chase Manhattan Bank to
+7-3/4 pct from 7-1/2 may prompt Hong Kong banks to follow suit.
+    Goh said local banks want to restore the prime to 6-1/2
+pct, the level at beginning of 1987.
+    The banks raised the prime to the current six pct from five
+pct on February 28 after cutting it 1-1/2 points from 6-1/2 on
+January 15 in response to upside pressure on the Hong Kong
+dollar, he said.
+    The medium and longer term interbank rates firmed today,
+with three months ending at 5-1/16 to 4-7/8 pct against
+yesterday's five to 4-13/16 close. The overnight rate, however,
+fell to 3-1/2 to three pct from 4-1/2 to four because of
+increased liquidity for a local stock issue.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="77" NEWID="11849">
+<DATE> 1-APR-1987 07:23:33.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0562&#31;reute
+r f BC-OTTAWA-SAID-BACKING-D   04-01 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OTTAWA SAID BACKING DOWN ON BANKING CENTRES</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>The Canadian federal government is
+backing down on its plans to give Vancouver and Montreal
+special status as international banking centres, Ontario's
+minister of financial institutions Monte Kwinter said.
+    He told journalists that little concrete activity had taken
+place since the announcement in February 1986 that the two
+cities would gain a special status, while Toronto, despite its
+position as Canada's main financial centre, would not.
+    "They (the federal government) have sent a confusing signal
+to world financial markets," Kwinter said. "It was done for
+political reasons and it's going to backfire on them."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="78" NEWID="11850">
+<DATE> 1-APR-1987 07:29:42.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0576&#31;reute
+b f BC-GUARDIAN-ROYAL-PROFIT   04-01 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUARDIAN ROYAL PROFIT UP SHARPLY AT 143.8 MLN STG</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Year to Dec 31
+    Shr profit 63.6p vs loss 8.7p
+    Final div 24p making 34p vs total 28.75p
+    Pretax profit 143.8 mln stg vs 3.5 mln
+    General underwriting loss on short-term business 79.8 vs
+154.3
+    NOTE - Company's full name is Guardian Royal Assuance Plc
+&lt;GREX.L>
+    Underwriting profit on long-term insurance business 21.6
+mln stg vs 19.1 mln
+    Loss on discontinued international professional indemnity
+business nil vs 40.6 mln stg
+    Investment income 213.8 mln stg vs 193.6 mln
+    Less interest payable 11.8 mln stg vs 14.3 mln
+    Tax 38.8 mln stg vs 15.0 mln Minorities 3.3 mln stg vs 2.3
+mln
+    Extraordinary item - contingency claims provisions on
+discontinued international business nil vs 55.0 mln stg
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="79" NEWID="11851">
+<DATE> 1-APR-1987 07:35:16.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>eib</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0589&#31;reute
+b f BC-EIB-ISSUES-300-MLN-DA   04-01 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIB ISSUES 300 MLN DANISH CROWN BOND</TITLE>
+<DATELINE>    COPENHAGEN, April 1 - </DATELINE><BODY>The Luxembourg-based European
+Investment Bank issued a 300 mln Danish crown bullet Eurobond,
+an official at lead manager Den Danske Bank af 1871 A/S told
+Reuters.
+    The seven-year bond pays 11 pct and is being issued at 101
+of par, payment date is May 20.
+    Denominations are 20,000 crowns, the bond is registered in
+Luxembourg and total fees are 1 7/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="80" NEWID="11852">
+<DATE> 1-APR-1987 07:35:32.10</DATE>
+<TOPICS><D>gold</D><D>silver</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0590&#31;reute
+r f BC-PRECIOUS-METALS-CLIMA   04-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRECIOUS METALS CLIMATE IMPROVING, SAYS MONTAGU</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The climate for precious metals is
+improving with prices benefiting from renewed inflation fears
+and the switching of funds from dollar and stock markets,
+brokers Samuel Montagu and Co Ltd said.
+    Silver prices in March gained some 15 pct in dlr terms due
+to a weak dollar and silver is felt to be fairly cheap relative
+to gold, Montagu said in its monthly silver newsletter. In
+March the gold/silver ratio narrowed from 74 to less than 67.
+    The supply/demand position has improved in the past year,
+and despite a silver market surplus, the quantity of silver is
+modest enough to be absorbed by investors, it added.
+    The report said the firmness in oil prices was likely to
+continue in the short term.
+    A period of consolidation might be necessary before prices
+attempted to move significantly higher,it said, but so long as
+the dollar remains under pressure then the outlook for silver
+was positive.
+    However silver was less likely to continue to outpace the
+other metals by such a margin, Montagu said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="81" NEWID="11853">
+<DATE> 1-APR-1987 07:38:46.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0596&#31;reute
+b f BC-BANK-OF-TOKYO-ISSUES   04-01 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF TOKYO ISSUES 100 MLN SFR CONVERTIBLE</TITLE>
+<DATELINE>    ZURICH, April 1 - </DATELINE><BODY>The Bank of Tokyo Ltd is issuing 100 mln
+Swiss francs of convertible notes due September 30, 1992,
+paying an indicated 1-1/4 pct, lead manager Swiss Bank Corp
+said.
+    Terms will be set on April 9 with payment due April 30.
+    The conversion period is from May 20, 1987 until September
+20, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="82" NEWID="11854">
+<DATE> 1-APR-1987 07:43:37.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0600&#31;reute
+u f BC-SWEDISH-MATCH-SELLS-P   04-01 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH MATCH SELLS PORTUGUESE UNIT</TITLE>
+<DATELINE>    STOCKHOLM, April 1 - </DATELINE><BODY>Swedish Match AB &lt;SMBS.ST> said it was
+selling one of its Portuguese subsidiaries, &lt;Sociedade de
+Iniciativa e Aproveitamentos Florestais Sarl> (SIAF), to the
+Porto-based &lt;Sonae Group> for an undisclosed price.
+    SIAF, a subsidiary of Swedish Match since 1946, had a
+turnover last year of 62 mln crowns, the Swedish group said in
+a statement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="83" NEWID="11855">
+<DATE> 1-APR-1987 07:48:09.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0606&#31;reute
+u f BC-SUN-LIFE-ASSURANCE-pr   04-01 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN LIFE ASSURANCE profit up</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Year 1986
+    DIV 18.1p making 28.5p vs 23.74p
+    PROFIT AFTER TAX 17.4 mln stg vs 14.1 mln
+    TAX 0.7 mln stg vs 0.2 mln
+    Bonus distribution rose to new record level of 125.1 mln
+stg vs 114.9 mln in 1985
+    Full name of company is Sun Life Assurance Society Plc
+&lt;SULL.L>.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="84" NEWID="11856">
+<DATE> 1-APR-1987 07:48:42.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0608&#31;reute
+f f BC-SUN-ALLIANCE-PRETAX-P   04-01 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SUN ALLIANCE PRETAX PROFIT 180.4 MLN STG VS 37.7 MLN FOR
+1986
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="85" NEWID="11857">
+<DATE> 1-APR-1987 07:49:24.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0610&#31;reute
+r f BC-LUFTHANSA-LAUNCHES-FL   04-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUFTHANSA LAUNCHES FLIGHTS TO WASHINGTON, RIYADH</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>Deutsche Lufthansa AG &lt;LHAG.F> said it
+launched today regular scheduled services from Frankfurt to
+Washington D.C. And Riyadh.
+    The four weekly flights to Washington will be increased to
+five at the end of the month, a statement said.
+    The twice weekly flights to the Saudi capital will fill a
+hole in its Middle East network, it said.
+    Lufthansa said it carried 1.3 mln passengers on North
+Atlantic routes in 1986, a rise of 14 pct over 1985. Freight
+transported westward over the Atlantic rose seven pct to 94,300
+tonnes while eastbound volume rose 31 pct to 74,600 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="86" NEWID="11858">
+<DATE> 1-APR-1987 07:51:20.43</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>ireland</D></PLACES>
+<PEOPLE><D>macsharry</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0611&#31;reute
+r f BC-LOWER-INTEREST-RATES   04-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWER INTEREST RATES SEEN FOLLOWING IRISH BUDGET</TITLE>
+<AUTHOR>    By Paul Majendie, Reuters</AUTHOR>
+<DATELINE>    DUBLIN, April 1 - </DATELINE><BODY>Financial markets welcomed public
+spending cuts announced by Ireland's new minority government in
+its budget, saying the move would lead to lower interest rates.
+    Finance Minister Ray MacSharry, making cuts across the
+board, reduced the Exchequer Borrowing Requirement to 1.85
+billion punts, 10.7 pct of GNP, compared with 2.15 billion
+punts or 13 pct of GNP last year.
+    Allied Irish Banks foreign exchange dealer John Kearney
+commented: "I would see interest rates coming down by two to 2.5
+pct in the next three months."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="87" NEWID="11859">
+<DATE> 1-APR-1987 07:58:51.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0620&#31;reute
+b f BC-SUN-ALLIANCE-reports   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN ALLIANCE reports sharp profit rise</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Year 1986
+    Shr 64.2p vs 14p
+    Div 16p making 23.5p vs 17.5p
+    Pretax profit 180.4 mln stg vs 37.7 mln
+    Net after tax 137.1 mln vs 34.9 mln
+    Minorities 10.5 mln vs 7.2 mln
+    General premium income 1.99 billion stg vs 1.78 billion
+    Long term premium income 704.5 mln vs 576.6 mln
+    General insurance underwritng loss 78.3 mln vs 183.4 mln
+    Long term insurance profits 27.3 mln vs 20.9 mln
+    Investment and other income 231.4 mln vs 200.2 mln.
+    Company's full name is Sun Alliance and London Insurance
+Plc &lt;SUNL.L>.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="88" NEWID="11860">
+<DATE> 1-APR-1987 08:01:28.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0628&#31;reute
+u f BC-BOLIDEN-SAYS-IT-NOW-L   04-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLIDEN SAYS IT NOW LEADER IN MINING GEAR</TITLE>
+<AUTHOR>    By Per Isaksson, Reuters</AUTHOR>
+<DATELINE>    STOCKHOLM, April 1 - </DATELINE><BODY>Swedish mining and metals group
+Boliden AB &lt;BLDS.ST> said the takeover of the U.S.
+Allis-Chalmers Corp's &lt;AH.O> mining machinery division made it
+the world's leading maker of such equipment.
+    President Kjell Nilsson, announcing the 600 mln crown deal,
+told a news conference Boliden would now become a truly
+international concern with operations in Brazil, Chile and
+other big minerals-producing nations.
+    He said the Allis-Chalmers' division, accounting for some
+50 pct of the U.S. Group's sales, would fit in well into
+Boliden.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="89" NEWID="11861">
+<DATE> 1-APR-1987 08:06:48.55</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0641&#31;reute
+u f BC--U.S.-CREDIT-MARKET-O   04-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKET OUTLOOK - PRIME RATE</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>The prospect that other banks will
+follow industry leaders Citibank and Chase Manhattan in raising
+their prime rate is likely to cast a pall over the credit
+markets today, economists said.
+    Bond prices had been making a smart recovery from two days
+of heavy selling when Citibank surprised the market by
+announcing a quarter-point increase in its prime rate to 7-3/4
+pct. Chase Manhattan quickly followed.
+    Prices quickly fell by a full point, even though the dollar
+- the market's overriding concern of late - rose sharply on the
+news.
+    Citibank cited the higher cost of money, especially in the
+Euromarket, as the reason for raising its prime rate.
+    Part of this rise in market rates has been caused by fears
+of a tighter Federal Reserve policy to defend the dollar, but
+economists said it is too early to tell whether the Fed, whose
+policy-making federal open market committee, FOMC, meets this
+week, is already tightening its grip on credit.
+    "The Fed seems to have been a bit slow in meeting the
+banking system's reserve needs this statement period, but I
+wouldn't conclude anything until I've seen the Fed data," said
+Jeffrey Leeds of Chemical Bank.
+ REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="90" NEWID="11862">
+<DATE> 1-APR-1987 08:14:13.32</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>west-germany</D><D>netherlands</D><D>denmark</D><D>france</D><D>ireland</D><D>italy</D><D>uk</D><D>greece</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0659&#31;reute
+u f BC-CEREALS-MCAS-TO-BE-UN   04-01 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CEREALS MCAS TO BE UNCHANGED NEXT WEEK</TITLE>
+<DATELINE>    BRUSSELS, April 1 - </DATELINE><BODY>Monetary compensatory amounts, MCA's,
+will be unchanged for the week starting April 6, EC Commission
+officials said.
+    Cereals MCA's are plus 2.4 points for West Germany and the
+Netherlands, minus two points for Denmark, minus eight points
+for France, minus nine for Ireland, minus 5.7 for Italy, minus
+25.7 for Britain, minus 44.1 for Greece and minus 10.5 for
+Spain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="91" NEWID="11863">
+<DATE> 1-APR-1987 08:23:47.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0666&#31;reute
+u f PM-AIRLINES--2NDLD (WRITETHROUGH)  04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUPREME COURT ALLOWS DELTA-WESTERN MERGER</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. Supreme Court Justice Sandra Day
+O'Connor early this morning lifted an Appeals Court injunction
+blocking the planned merger of Delta &lt;DAL> Airlines
+Inc and Western Airlines &lt;WAL>, the Court said.
+    O'Connor's action came hours after a three-judge panel of
+the 9th U.S. Circuit Court of Appeals in San Francisco had
+blocked the merger until a dispute over union representation
+had been settled by arbitration.
+    A Supreme Court spokesman said O'Connor granted a stay of
+the injuction, allowing the merger, worth nearly 860 mln dlrs,
+to go through as planned later today.
+    The Supreme Court spokesman provided no other details. Each
+of the nine Supreme Court justices has jurisdiction over a
+particular regional Appellate circuit and has the power to
+provisionally overturn its rulings without comment.
+    The Appeals Court ruling surprised officials of
+Atlanta-based Delta, which had been preparing for the merger
+for months and had already painted Delta logos on airplanes
+belonging to Western, which has headquartera in Los Angeles.
+    "Our plans were to finalize the merger at midnight tonight,"
+Delta spokesman Bill Berry told the Atlanta Constitution late
+last night. "There was really very little that remained to be
+done."
+    The ruling in San Francisco came in a lawsuit that had been
+filed in a Los Angeles federal court in which the Air Transport
+Employees union sought to force Western's management to fulfill
+a promise that it would honor union contracts if a merger took
+place.
+    The airlines argued that Western's promise could not be
+enforced in a takeover by a larger company.
+    After learning of the appeals court ruling, Delta officials
+last night spread the word by telephone that Western employees
+should report for work today in their old uniforms, not in new
+Delta outfits.
+    Delta announced last September that it was purchasing
+Western. The merger took place in December, and Western has
+been operated as a Delta subsidiary since then. The Western
+name was to have disappeared at midnight last night.
+    At issue is whether the Western unions would continue to
+represent Western employees after the integration of the two
+airlines.
+    While all but eight pct of Western's 11,000 employees are
+unionized, only Delta's pilots are union members.
+    Delta had maintained that the three unions having contracts
+with Western -- The Association of Flight Attendants and the
+Teamsters, as well as the Air Transport Employees -- would be
+"extinguished" after today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="92" NEWID="11864">
+<DATE> 1-APR-1987 08:25:38.96</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0670&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   04-01 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT REVISED DOWNWARDS</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The Bank of England said it has revised
+its estimate of today's shortfall to around 1.25 billion stg
+from 1.3 billion before taking account of 775 mln stg morning
+assistance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="93" NEWID="11865">
+<DATE> 1-APR-1987 08:26:26.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0671&#31;reute
+u f PM-MARINES-(SCHEDULED)   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THIRD MARINE ARRESTED; U.S. PRESSES SPY PROBE</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>A second U.S. Marine has been charged
+with spying and a third arrested on suspicion of lying about
+contacts with Soviet women in a growing scandal involving the
+American Embassy in Moscow.
+    The Pentagon made the announcements yesterday and the State
+Department said U.S. Ambassador to Thailand William Brown had
+been called home to supervise a security review of the embassy,
+which is alleged to have been penetrated by Soviet KGB agents
+helped by Marine guards.
+    Brown is an ex-Marine who once was an economic officer at
+the Moscow mission.
+    Marine Cpl. Arnold Bracy, 21, was charged yesterday with
+espionage, conspiracy and failure to follow lawful orders in a
+case which U.S. officials have said involved sex with Soviet
+women. Sgt. Clayton Lonetree, whose arrest triggered the
+spy-sex scandal, has already been charged with espionage.
+    Pentagon spokesman Bob Sims told reporters a third Marine,
+Staff Sgt. Robert Stanley Stufflebeam, 24, who served in Moscow
+between 1985 and 1986 at the same time as Lonetree and Bracy,
+was being held on suspicion of lying to investigators about
+contacts with foreign nationals.
+    Stufflebeam, who was second in command of the embassy
+guard, is suspected of failure to report all contacts with
+foreigners and making false official statements in his
+debriefing when he left the embassy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="94" NEWID="11866">
+<DATE> 1-APR-1987 08:28:11.35</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0673&#31;reute
+b f BC-COFFEE-PRODUCERS-TO-D   04-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO COFFEE PRODUCERS TO DISCUSS MARKET SITUATION</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>International Coffee Organization, ICO,
+producers will meet at 1500 GMT (0900 est) for a general
+discussion of the market situation, producer spokesman
+Lindenberg Sette said.
+    The Brazilian delegate said several producers requested the
+meeting but Brazil was not among them. The ICO executive
+board's regular session this week has so far been confined to
+routine matters, with no attempt by producers or consumers to
+revive export quota negotiations, delegates said.
+    Talks to restore quotas collapsed early last month when
+producers and consumers failed to resolve differences on how
+quotas should be allocated.
+    Producer delegates said there was no sense of urgency among
+producers to reopen quota talks with consumers, with most
+countries now prepared to wait for the ICO's annual September
+council session to restart negotiations.
+    Members of the Inter-African Coffee Organization called for
+today's producer meeting to exchange views on the market
+situation, the producer delegates said.
+    The lack of a new debate on export quotas here this week
+was cited as the reason for renewed weakness in coffee prices
+in London and New York futures, traders said.
+    Near May in London hit a five-year low this morning at
+1,220 stg, about 50 stg below last night's close, they said.
+    The executive board session looks set to end today,
+following a final session at 1600 GMT (1000 est) when a
+consultancy report of the operation of the ICO will be
+presented to producers and consumers, delegates added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="95" NEWID="11867">
+<DATE> 1-APR-1987 08:28:58.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0675&#31;reute
+u f BC-CITADEL-&lt;CDL>-SETTLES   04-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITADEL &lt;CDL> SETTLES WITH GREAT WESTERN &lt;GWF></TITLE>
+<DATELINE>    GLENDALE, Calif., April 1 - </DATELINE><BODY>Citadel Holding Corp said it
+has settled its litigation with Great Western Financial corp.
+    The company said under the terms, Great Western has agreed
+not to acquire or seek to acquire any voting securities of
+Citadel or propose a merger with Citadel for five years, and
+Citadel has paid Great Western six mln dlrs.
+    Citadel said it is continuing to pursue its claims against
+Salomon Inc &lt;SB>, which represented it in connection with the
+disputed proposed merger with Great Western that was the
+subject of the litigation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="96" NEWID="11868">
+<DATE> 1-APR-1987 08:29:20.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0677&#31;reute
+r f BC-EIGHT-CALABRIAN-BANK   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIGHT CALABRIAN BANK OFFICIALS RELEASED FROM JAIL</TITLE>
+<DATELINE>    REGGIO CALABRIA, Italy, April l - </DATELINE><BODY>Eight banking officials
+arrested on embezzlement charges nine days ago have been
+released from jail on provisional liberty, pending a hearing of
+charges in court, judicial sources said.
+    The president, vice-president, former president,
+director-general and four other managers at the southern
+Italian &lt;Cassa di Risparmio di Calabria e Lucania - Carical>
+had been released but were still under investigation for an
+alleged embezzlement conspiracy. Three other bank officials are
+still being held in custody.
+    Those released include former Carical president Francesco
+Del Monte, who was vice-president of one of Italy's largest
+state banks &lt;BNL - Banca Nazionale del Lavoro> at the time of
+his arrest. BNL said last week it had appointed another member
+of the board to take on the role of vice-president temporarily.
+    The arrests followed the appointment by the Bank of Italy
+of three commissioners to run Carical temporarily following
+investigations revealing serious irregularities at the bank.
+    Police sources say the embezzlement charges relate to loans
+given by the bank to the southern Italian-based food processing
+firm Jonicagrumi.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="97" NEWID="11869">
+<DATE> 1-APR-1987 08:30:08.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0679&#31;reute
+r f BC-OTTAWA-SAID-BACKING-D   04-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OTTAWA SAID BACKING DOWN ON BANKING CENTERS</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>The Canadian federal government is
+backing down on its plans to give Vancouver and Montreal
+special status as international banking centers, Ontario's
+minister of financial institutions Monte Kwinter said.
+    He told journalists that little concrete activity had taken
+place since the announcement in February 1986 that the two
+cities would gain a special status, while Toronto, despite its
+position as Canada's main financial centre, would not.
+    "They (the federal government) have sent a confusing signal
+to world financial markets," Kwinter said. "It was done for
+political reasons and it's going to backfire on them."
+    Kwinter said rules for the equity requirements for foreign
+banks coming in under Ontario's financial deregulation had also
+not yet been agreed between federal and provincial governments.
+    While the federal government wanted to set up a regulatory
+authority for banks, Ontario was pushing to regulate according
+to function, arguing that those in the securities industry, no
+matter if bank or broker, should be regulated in the same way.
+    On June 30, Ontario is to introduce rules to allow banks,
+insurances and trust companies, as well as non-securities
+investors, to buy dealers. Non-residents will be allowed to own
+up to 50 pct of market makers, rising to 100 pct after a year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="98" NEWID="11870">
+<DATE> 1-APR-1987 08:31:25.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0683&#31;reute
+d f BC-VW'S-CREDIT-BANK-SUBS   04-01 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW'S CREDIT BANK SUBSIDIARY OPTIMISTIC FOR 1987</TITLE>
+<DATELINE>    BRUNSWICK, West Germany, April 1 - </DATELINE><BODY>V.A.G. Kredit Bank GmbH,
+the credit bank subsidiary of Volkswagen AG &lt;VOWG.F>, said it
+was optimistic for 1987 after raising turnover and balance
+sheet total in 1986.
+    V.A.G., Which finances the purchase of new and used cars
+for VW customers, said 1986 profits met expectations but gave
+no details.
+    Financing turnover rose by 4.2 billion marks to 24.4
+billion in 1986. Balance sheet total increased by 228 mln marks
+to 2.84 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="99" NEWID="11871">
+<DATE> 1-APR-1987 08:33:27.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0692&#31;reute
+f f BC-******SOSNOFF-ENDS-DE   04-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SOSNOFF ENDS DEAL WITH PRATT, SOUTHMARK ON POSSIBLE
+VENTURE FOR CAESARS BID    
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="100" NEWID="11872">
+<DATE> 1-APR-1987 08:33:53.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0694&#31;reute
+r f BC-BP-&lt;BP>-STARTS-BID-FO   04-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP &lt;BP> STARTS BID FOR STANDARD OIL &lt;SRD> SHARES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>British Petroleum Co PLC said it has
+started its previously announced 7.4 billion dlr offer to
+purchase the 45 pct interest in Standard Oil Co that it does
+not already own for 70 dlrs per share.
+    In a newspaper advertisement, the company said the offer,
+which is not conditioned on receipt of any minimum number of
+shares, and associated withdrawal rights will expire April 28
+unless extended.
+    BP said it is asking Standard Oil for the use of its
+shareholder list in disseminating the offer, on which the
+Standard board has not yet taken a position.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="101" NEWID="11873">
+<DATE> 1-APR-1987 08:34:15.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0696&#31;reute
+r f BC-VISUAL-TECHNOLOGY-&lt;VS   04-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VISUAL TECHNOLOGY &lt;VSALC> CONTROL CHANGES</TITLE>
+<DATELINE>    LOWELL, Mass., April 1 - </DATELINE><BODY>Visual Technology Inc said a group
+led by &lt;Hambrecht and Quist Group> has acquired majority
+ownership of Visual for 9,250,000 dlrs in equity financing.
+    The company said Hambrecht and Quist president William R.
+Hambrecht and three other Hambrecht and Quist representatives
+have been named to the Visual board, with Robert M. Morrill,
+managing partner of the Boston office of Hambrecht's Hambrecht
+and Quist Venture Partners unit named chairman.  Clifford G.
+Zimmer Jr. remains president and chief executive officer.
+    Visual also said about nine mln dlrs of its debt has been
+converted to equity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="102" NEWID="11874">
+<DATE> 1-APR-1987 08:34:42.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0699&#31;reute
+r f BC-&lt;C.H.-BEAZER-HOLDINGS   04-01 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;C.H. BEAZER HOLDINGS PLC> TO OFFER U.S. SHARES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>C.H. Beazer Holdings PLC said it has
+filed with the U.S. Securities and Exchange Commission for an
+offering of 6,250,000 American Depositary Shares representing
+25.0 mln ordinary shares, or a 9.5 pct interest in Beazer,
+through underwriters led by American Express Co's &lt;AXP>
+Shearson Lehman Brothers Inc and Robinson-Humphrey Co Inc.
+    The company said the ADS's are expected to be traded on the
+NASDAQ system.  Beazer will grant underwriters an option to
+purchase another 937,500 ADS's to cover overallotments.
+    Beazer said it will use proceeds initially to reduce debt
+and then for acquisitions and capital spending.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="103" NEWID="11875">
+<DATE> 1-APR-1987 08:34:57.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0702&#31;reute
+r f BC-ANTONOVICH-&lt;FURS>-INI   04-01 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANTONOVICH &lt;FURS> INITIAL OFFERING UNDER WAY</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Antonovich Inc said an initial offering
+of 750,000 Class A common shares is under way at 9.625 dlrs
+each through underwriters led by Evans and Co Inc.
+    It said it is selling 500,000 shares and shareholders the
+rest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="104" NEWID="11876">
+<DATE> 1-APR-1987 08:35:08.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0703&#31;reute
+f f BC-******CPC-INTERNATION   04-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CPC INTERNATIONAL TO SELL STAKES IN ASIAN UNITS FOR 340
+MLN DLRS TO AJINOMOTO   
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="105" NEWID="11877">
+<DATE> 1-APR-1987 08:35:41.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0707&#31;reute
+d f BC-CAREPLUS-INC-&lt;CPLS>-4   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAREPLUS INC &lt;CPLS> 4TH QTR NET</TITLE>
+<DATELINE>    MIAMI, April 1 -
+    </DATELINE><BODY>Shr loss nil vs profit nil
+    Net loss 17,000 vs profit 31,000
+    Revs 5,429,000 up 27 pct
+    Year
+    Shr profit four cts vs profit five cts
+    Net profit 523,000 vs profit 421,000
+    Revs 18.3 mln vs 11.6 mln
+    Avg shrs 15.2 mln vs 8,941,000
+    NOTE: Year net includes tax credits of 131,000 dlrs vs
+194,000 dlrs.
+    1986 net both periods includes charge 264,000 dlrs from
+settlement of overtime wage dispute and addition to provision
+for uncollectible accounts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="106" NEWID="11878">
+<DATE> 1-APR-1987 08:35:50.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0708&#31;reute
+d f BC-JOHN-ADAMS-LIFE-CORP   04-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHN ADAMS LIFE CORP &lt;JALC> 4TH QTR LOSS</TITLE>
+<DATELINE>    LOS ANGELES, April 1 -
+    </DATELINE><BODY>Oper shr loss 24 cts vs profit 24 cts
+    Oper net loss 716,000 vs profit 729,000
+    Revs 3,673,000 vs 7,826,000
+    Avg shrs 2,930,000 vs 2,930,000
+    Year
+    Oper shr profit nil vs profit 1.31 dlrs
+    Oper net profit 10,000 vs profit 3,200,000
+    Revs 12.9 mln vs 26.3 mln
+    Avg shrs 2,930,000 vs 2,454,521
+    NOTE: Net excludes realized investment gains of 2,000 dlrs
+vs 13,000 dlrs quarter and 104,000 dlrs vs 6,000 dlrs year.
+    1985 net both periods excludes 57,000 dlr extraordinary
+gain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="107" NEWID="11879">
+<DATE> 1-APR-1987 08:35:53.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0709&#31;reute
+d f BC-TEMPO-ENTERPRISES-INC   04-01 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEMPO ENTERPRISES INC &lt;TPO> YEAR NET</TITLE>
+<DATELINE>    TULSA, April 1 -
+    </DATELINE><BODY>Shr 40 cts vs 36 cts
+    Net 2,309,000 vs 2,076,000
+    Revs 28.2 mln vs 30.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="108" NEWID="11880">
+<DATE> 1-APR-1987 08:37:37.50</DATE>
+<TOPICS><D>heat</D><D>gas</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0713&#31;reute
+u f BC-SWEDEN-RAISES-FUEL-TA   04-01 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN RAISES FUEL TAXES TO FUND DEFENCE SPENDING</TITLE>
+<DATELINE>    STOCKHOLM, April 1 - </DATELINE><BODY>Sweden announced tax increases on
+petrol and heating oil from July 1, 1987 to help finance a 1.7
+pct rise in defence spending over the next five years.
+    A Finance Ministry statement said the increase should boost
+the price of petrol by 0.13 crowns to an average of 4.21 crowns
+per litre while light-grade heating oil would go up by 30
+crowns per cubic metre to an average of 1,665 crowns.
+    It said oil companies should absorb part of the tax rise
+internally and not pass it on to consumers as compensation for
+a reduction in the stocks that the industry is required to keep
+for Sweden's national petroleum reserve.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="109" NEWID="11881">
+<DATE> 1-APR-1987 08:37:53.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>tanzania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0714&#31;reute
+r f BC-TANZANIA-OUTLINES-NEW   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANZANIA OUTLINES NEW FIVE-YEAR PLAN</TITLE>
+<DATELINE>    DAR ES SALAAM, April 1 - </DATELINE><BODY>Tanzania will need about 1.2
+billion dlrs of hard currency investment to support its
+1987-1992 five-year plan which begins in July, Minister of
+State for Finance Damas Mbogoro said.
+    He told an economic planning seminar in the northern town
+of Arusha yesterday that the new plan would concentrate on
+rehabilitating Tanzania's existing infrastructure, with a
+minimum of investment in new development projects.
+    The aim is to boost agricultural production by five pct a
+year and industrial output by 6.4 pct, he said.
+    In 1985, before president Ali Hassan Mwinyi began
+dismantling Tanzania's doctrinaire socialist policies to
+implement his current economic recovery program, agricultural
+production grew by only 0.6 pct, while industrial output
+declined by 5.2 pct.
+    Mbogoro said the success of the new five-year plan would
+depend greatly on the ability to exercise self-discipline and
+make best use of limited resources. Prime Minister Joseph
+Warioba and Finance Minister Cleopa Msuya have both stressed
+that government departments must exercise financial discipline
+and live within their budgets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="110" NEWID="11882">
+<DATE> 1-APR-1987 08:38:06.30</DATE>
+<TOPICS><D>gnp</D><D>coffee</D><D>bop</D></TOPICS>
+<PLACES><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0715&#31;reute
+u f BC-KENYAN-MINISTER-FOREC   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENYAN MINISTER FORECASTS ECONOMIC EXPANSION</TITLE>
+<DATELINE>    NAIROBI, April 1 - </DATELINE><BODY>Kenya's economy will continue to expand
+this year and the government will do more to encourage
+investment by foreign firms and the local private sector,
+Planning Minister Robert Ouko said.
+    He told a news conference that the government would soon
+create a special bureau to expedite processing of investment
+applications by local and foreign investors.
+    Praising the role of multinational companies and local
+entrepreneurs in Kenya's economy, the minister promised to
+maintain a close working contact with the private sector.
+    The economy grew by 5.3 pct last year, up from 4.1 pct in
+1985, Ouko said.
+    This was owing to high prices for the country's coffee
+exports, low oil prices, low inflation and rising real incomes,
+he added.
+    "Despite rising petroleum prices and falling coffee prices,
+Kenya's economy is still expected to improve in 1987," the
+planning minister said.
+    "High aggregate demand arising from low inflation, trade
+liberalisation and disciplined financial management are
+expected to increase output in the manufacturing sector," he
+said.
+    Agriculture would expand significantly if favourable
+weather continued and farmers responded to producer price rises
+announced in February, the minister added.
+    Kenyan farmers are anxiously awaiting the arrival of the
+long rainy season, which is due to start about now.
+    Ouko said the production of Kenya's main cash crops
+increased during the second half of last year.
+    Coffee deliveries to the state-run Coffee Board of Kenya
+rose 17 pct and tea deliveries rose four pct during the period,
+he said.
+    Ouko paid tribute to the private sector for its
+contribution to the economy and promised to improve government
+cooperation with businessmen by maintaining regular contact
+with them.
+    "I wish to pay tribute to the private sector for its
+contribution to the economy in 1986 and challenge it to
+maintain the same spirit this year ... The manufacturing sector
+grew by an estimated 5.8 pct in 1986, in line with the same
+period the previous year," he said.
+    Ouko said the "one stop" bureau was intended to stimulate
+investment and cut the time and bureacracy currently involved
+in processing applications.
+    The planning minister presented a review of the Kenyan
+economy during the second half of 1986 which showed inflation
+falling to 4.3 pct from 10.2 a year earlier.
+    This was owing to higher agricultural production and the
+Kenyan shilling's relative strength against other major
+currencies, the report said.
+    The average exchange rate was 16.23 shillings per U.S. Dlr
+last year, a fall of only 1.2 pct from 16.432 in 1985. The half
+yearly report said exports increased about 30 pct in
+July-December 1986, while imports rose by only six pct during
+the period.
+    This gave Kenya an overall balance of payments surplus of
+780 mln Kenya shillings (48 mln dlrs) during the period,
+compared with a 1.4 billion shilling (87 mln dlr) deficit in
+the second half of 1985, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="111" NEWID="11883">
+<DATE> 1-APR-1987 08:39:20.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0723&#31;reute
+r f BC-PEOPLES-BAN-CORP-&lt;PEO   04-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEOPLES BAN CORP &lt;PEOP> SEES 1ST QUARTER NET UP</TITLE>
+<DATELINE>    SEATTLE, April 1 - </DATELINE><BODY>Peoples Ban Corp said it expects to
+report first quarter earnings of over six mln dlrs, including a
+gain of 1,600,000 dlrs from the settlement of a dispute with
+the Internal Revenue Service and the sale of four banking
+offices in Vancouver, Wash.
+    The company said it expects to report "normal" earnings for
+the rest ofd the year of 4,500,000 to five mln dlrs per
+quarter.
+    Peoples earned 105,000 dlrs in last year's first quarter
+and in all of 1986 lost 1,768,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="112" NEWID="11884">
+<DATE> 1-APR-1987 08:39:44.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0726&#31;reute
+r f BC-MAXXAM-GROUP-INC-&lt;MXM   04-01 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAXXAM GROUP INC &lt;MXM> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, April 1 -
+    </DATELINE><BODY>Shr loss 1.61 dlrs vs loss 47 cts
+    Net loss 19.2 mln vs loss 5,716,000
+    Revs 46.4 mln vs 11.0 mln
+    Year
+    Shr loss 2.01 dlrs vs loss 29 cts
+    Net loss 24.5 mln vs loss 3,548,000
+    Revs 150.2 mln vs 24.4 mln
+    NOTE: 1985 net includes tax credits of 7,336,000 dlrs in
+quarter and 10.2 mln dlrs in year.
+    Results include 64.7 pct stake in Pacific Lumber Co from
+December 1985 through February 1987 and 100 pct thereafter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="113" NEWID="11885">
+<DATE> 1-APR-1987 08:42:21.74</DATE>
+<TOPICS><D>wheat</D><D>barley</D><D>corn</D><D>rapeseed</D><D>grain</D><D>oilseed</D><D>ship</D></TOPICS>
+<PLACES><D>france</D><D>ussr</D><D>saudi-arabia</D><D>china</D><D>algeria</D><D>bangladesh</D><D>morocco</D><D>greece</D><D>brazil</D><D>italy</D><D>cyprus</D><D>israel</D><D>uk</D><D>turkey</D><D>spain</D><D>poland</D><D>sudan</D><D>egypt</D><D>mauritania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0731&#31;reute
+u f BC-FRENCH-CEREAL-EXPORTS   04-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH CEREAL EXPORTS THROUGH ROUEN UP IN MARCH</TITLE>
+<DATELINE>    PARIS, April 1 - </DATELINE><BODY>French cereals exports through Rouen port
+rose to 751,563 tonnes between March 1 and March 25 from
+603,413 tonnes in the same 1986 period, freight sources said.
+    The Soviet Union took 263,051 tonnes of wheat and barley,
+Saudi Arabia 90,944 tonnes barley, China 87,259 wheat, Algeria
+64,896 wheat, Bangladesh 30,000 wheat, Morocco 27,500 maize,
+Greece 26,700 wheat and barley, Spain 25,124 wheat, Poland
+24,683 wheat, Brazil 24,082 wheat, Italy 21,659 wheat, Cyprus
+20,700 wheat and maize, Israel 16,500 maize and the U.K. 8,797
+tonnes wheat.
+    Six ships are loading 120,000 tonnes of wheat, the sources
+said. They include 30,000 tonnes for China, 31,000 for the
+Soviet Union, 25,000 for Turkey, and 35,000 for Italy. Another
+ship is loading 17,000 tonnes of colza for the Soviet Union.
+    Another 12 ships should arrive to load 344,000 tonnes of
+cereals by the end of the week. Six are to load 186,000 tonnes
+of wheat for the Soviet Union. Two will load 60,000 tonnes of
+barley for Saudi Arabia, one 28,000 tonnes of wheat for China,
+two 25,000 tonnes of wheat each for Algeria and Turkey and one
+20,000 tonnes of wheat for Italy. Another is expected to load
+20,000 tonnes of colza for the Soviet Union.
+    Flour exports through Rouen rose to 23,457 tonnes in the 25
+day period from 5,500 in the equivalent 1986 period, the
+sources said.
+    Sudan took 19,327 tonnes and west coast Africa 4,130.
+    Four ships are currently loading 32,000 tonnes, including
+24,000 for Egypt, 6,000 for Tanzania and 2,000 for Mauritania.
+    A ship is expected later this week to load 12,000 tonnes
+for China.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="114" NEWID="11886">
+<DATE> 1-APR-1987 08:43:29.25</DATE>
+<TOPICS><D>wheat</D><D>grain</D><D>veg-oil</D></TOPICS>
+<PLACES><D>italy</D><D>ethiopia</D><D>sri-lanka</D><D>malawi</D><D>mozambique</D><D>vanuatu</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>fao</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0738&#31;reute
+r f BC-FAO-APPROVES-EMERGENC   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAO APPROVES EMERGENCY FOOD AID FOR ETHIOPIA</TITLE>
+<DATELINE>    ROME, April 1 - </DATELINE><BODY>The United Nations Food and Agriculture
+Organization, FAO, said it approved emergency food aid worth
+more than 14.3 mln dlrs for drought victims in Ethiopia.
+    The aid will include 30,000 tonnes of wheat and 1,200
+tonnes of vegetable oil for farmers in the Wollo and Illubabor
+regions.
+    FAO said it has also approved more than 1.4 mln dlrs of
+food aid for 8,000 families in Sri Lanka. In addition, 583,225
+dlrs of aid will be made available to Malawi to feed 96,700
+people displaced from Mozambique and a further 340,200 dlrs for
+cyclone victims in Vanuatu in the South Pacific.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="115" NEWID="11887">
+<DATE> 1-APR-1987 08:45:36.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0741&#31;reute
+u f BC-LONDON-STOCK-SYSTEM-B   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON STOCK SYSTEM BIG SUCCESS, OFFICIAL SAYS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>The restructured London Stock Exchange
+has proved itself an unqualified success in less than
+six months of operation, according to exchange chairman Sir
+Nicholas Goodison.
+    More than 95 pct of the business has left the trading floor
+and is now conducted in the offices of member firms, Goodison
+said in remarks prepared for delivery in New York.
+    "Competitive bids and offers can now be seen on screens all
+over the country and business done is displayed on those same
+screens," he said, reaching more investors than before.
+    Goodison said the new system has helped investors by
+promoting greater competition that in turn has led to reduced
+commissions and spread.
+    He said the exchange is now working on a small order
+automated execution system and a system to transfer securities
+without certificates.
+    New laws to be enacted in full later this year will help
+the Securities and Investments Board investigate suspected
+abuses and punish wrongdoing, Goodison said. He believes it is
+a misconception to say that the U.K. system of self-regulation
+is not as good as the U.S. system.
+    He noted that any violations of the rules are a criminal
+offense. "There is no fifth amendment plea to offer a U.K.
+inspector hot on the trial of an insider dealer," Goodison
+said, in a reference to the U.S. legal system which allows
+individuals to remain silent on the grounds that they may
+incriminate themselves.
+    Goodison said a major goal of the London exchange is to
+persuade multinational corporations to seek a listing in
+London. He said about 200 U.S. companies are now listed in
+London, enhancing their ability to raise capital.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="116" NEWID="11888">
+<DATE> 1-APR-1987 08:49:32.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0754&#31;reute
+u f BC-SOSNOFF-ENDS-PRATT-&lt;P   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOSNOFF ENDS PRATT &lt;PRAT>/SOUTHMARK &lt;SM> DEAL</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Investor Martin T. Sosnoff said
+Southmark Corp and affiliate Pratt Hotels Corp have ended talks
+with his MTS Acquisition Corp on a possible joint venture for
+the acquisition of Caesars World Inc.
+    Sosnoff said the talks had not been actively pursued since
+they were announced March 20, but it had been agreed that
+unless the discussions were formally terminated, Pratt and
+Southmark would not initiate a competing tender offer for
+Caesars World or take any other action that would hamper
+Sosnoff's current offer to acquire all Caesars shares he does
+not now own for 28 dlrs each.
+    Sosnoff said his 28 dlr per share bid for Caesars, which is
+scheduled to expire May 15, still stands, and he remains
+receptive to negotiating a transaction to buy Caesars on
+friendly terms.
+    Pratt recently made an apparently unsuccessful bid to
+acquire control of Resorts International Inc &lt;RTB>, seeming to
+lose out to Donald Trump.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="117" NEWID="11889">
+<DATE> 1-APR-1987 08:56:55.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>uk</D><D>usa</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0759&#31;reute
+u f BC-JAPAN-REBUFFS-BRITAIN   04-01 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN REBUFFS BRITAIN IN TELECOMS ROW</TITLE>
+<DATELINE>    TOKYO, April 1 - </DATELINE><BODY>Japan has reiterated it has no plans to
+bow to pressure to give foreign telecommunications companies a
+major role in a planned new firm.
+    An official at the Ministry of Post and Telecommunications
+told Reuters the ministry's position is unchanged despite
+mounting pressure from London and Washington. He declined
+comment on local press reports which said the ministry would
+back a plan aimed at cooling British anger on the issue.
+    The press reports said Fumio Watanabe, head of the
+Federation of Economic Organisations, would propose that
+Britain's Cable and Wireless Plc be given a five pct stake in a
+telecommunications firm and a seat on the board.
+    Watanabe was unavailable for comment. He has the tacit
+backing of the government in his efforts to merge two
+telecommunications companies into one competitor to Kokusai
+Denwa Denshin (KDD), which has a monopoly on international
+telephone services here, industry analysts said.
+    In London yesterday, a Cable and Wireless spokesman said
+the latest reported proposals are unacceptable.
+    Cable and Wireless has a 20 pct stake in one of the two
+companies involved in the mooted merger.
+    British Prime Minister Margaret Thatcher has personally
+taken up the company's cause, charging that Japan is
+discriminating against foreigners.
+    The United States also has vented its anger at what it sees
+as Japanese attempts to limit foreign participation.
+    Watanabe originally proposed Cable and Wireless be given up
+to 3.0 pct of the merged firm. The press reports said this
+could be raised to 5.0 pct, equal to the largest share of any
+Japanese firm. Britain opposes the proposed merger. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="118" NEWID="11890">
+<DATE> 1-APR-1987 09:01:35.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0766&#31;reute
+u f BC-BRAZILIAN-BANK-STRIKE   04-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN BANK STRIKE STARTS TO CRUMBLE</TITLE>
+<DATELINE>    SAO PAULO, April 1 - </DATELINE><BODY>An eight-day-old national bank strike
+started to crumble following a warning from the federally-owned
+Banco do Brasil that it could dismiss employees who did not
+return to work, a union spokesman said.
+    Banco do Brasil's staff in several major cities, including
+Brasilia, Rio de Janeiro and Curitiba, had decided to return to
+work. Probably about half of the country's bank staff would be
+working, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="119" NEWID="11891">
+<DATE> 1-APR-1987 09:01:54.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>hong-kong</D><D>malaysia</D><D>philippines</D><D>singapore</D><D>taiwan</D><D>thailand</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0767&#31;reute
+u f BC-CPC-INTERNATIONAL-&lt;CP   04-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPC INTERNATIONAL &lt;CPC> TO SELL ASIAN STAKES</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., April 1 - </DATELINE><BODY>CPC International Inc
+said said it has agreed in principle to sell interests in its
+grocery products operations in Hong Kong, Malaysia, the
+Philippines, Singapore, Taiwan and Thailand to &lt;Ajinomoto Co
+Inc> of Japan for 340 mln dlrs.
+    The company said the move will reduce Asian overhead and a
+substantial part of the proceeds will be used to reduce debt.
+    It said as part of the agreement, its current direct
+investment in its existing non-consolidated joint venture with
+Ajinomoto will be converted into a cooperative arrangement for
+the long-term utilization of technology and trademarks.
+    The company said the change in the Japanese arrangement
+will give Ajinomoto full equity ownership while leaving CPC a
+continuing earnings stream and cash flow.
+    The transactions are subject to definitive agreements and
+government approvals.
+    CPC said not included in the 340 mln dlr consideration are
+proceeds from the sale of some smaller Asian investments,
+including a 51 pct equity interest in an oat-based food venture
+to an Australian partner.
+    The company said the actions being taken under its
+restructuring program, including the sale of its European corn
+wet milling business and other assets, overhead reductions and
+other expense items and the Asian transactions, will have a
+one-time positive effect on 1987 earnings.
+    CPC said "Although the extent cannot yet be determined, the
+company expects that 1987 earnings per share will increase by
+substantially more than the previously estimated 20 pct
+increase over 1986."  In 1986 CPC earned 2.30 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="120" NEWID="11892">
+<DATE> 1-APR-1987 09:14:14.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0797&#31;reute
+u f BC-ENERGY-DEVELOPMENT-&lt;E   04-01 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY DEVELOPMENT &lt;EDP> COMPLETES MAY &lt;MEP> BUY</TITLE>
+<DATELINE>    LOS ANGELES, April 1 - </DATELINE><BODY>Energy Development Partners Ltd said
+it has completed the acquisition of May Energy Partners Ltd for
+1,817,697 depositary units following approval yesterday by May
+Energy unitholders.
+    Energy Development said May Petroleum Inc &lt;MAYP>, general
+partner of May Energy, will distribute about 35 Energy
+Development units for each 100 May Energy Partners units to
+holders of 100 May Energy Partnners units or more and cash to
+others.
+    Energy Development said the transaction increases its units
+outstanding to 12.6 mln and raises total proved reserves as of
+the end of 1986 27 pct.  Angeles Corp &lt;ANG> is general partner
+of Energy Development.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="121" NEWID="11893">
+<DATE> 1-APR-1987 09:17:03.25</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>france</D><D>west-germany</D><D>belgium</D><D>denmark</D><D>netherlands</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0803&#31;reute
+b f BC-U.K.-INTERVENTION-BOA   04-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>A total 102,350 tonnes of current series
+white sugar received export rebates of a maximum 46.864
+European Currency Units (Ecus) per 100 kilos at today's
+European Community (EC) tender, the U.K. Intervention Board
+said.
+    Out of this, traders in France received 31,000 tonnes, in
+West Germany 21,000, in Belgium 19,050, in the U.K. 15,800, in
+Denmark 8,500, in the Netherlands 6,000 and in Spain 1,000
+tonnes, it added.
+    Earlier today, London traders had expected the subsidy for
+the current season whites campaign for licences to end-Sep to
+be around 46.80 Ecus per 100 kilos while French traders had put
+the rebate at around 46.40 Ecus.
+    Traders here had also forecast today's total authorised
+sugar tonnage export awards up to 100,000 tonnes versus 59,000
+last week when the restitution was 45.678 Ecus.
+    Total export authorisations for the 1985/86 campaign (42
+ weeks) now stand at 2,076,620 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="122" NEWID="11894">
+<DATE> 1-APR-1987 09:19:30.48</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0808&#31;reute
+r f BC-TURKISH-INFLATION-INC   04-01 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH INFLATION INCREASES IN MARCH</TITLE>
+<DATELINE>    ANKARA, April 1 - </DATELINE><BODY>Inflation in Turkey was 3.7 pct in March
+compared with 1.7 pct in February and 1.3 pct in March 1986,
+the State Statistics Institute said.
+    The annual rate rose to 34.7 pct in March compared with
+31.7 pct in February and 34.2 pct in March 1986. The
+government's target is to reduce inflation this year to an
+annual 20 pct.
+    The consumer price index, base 1978/79, was 1,957.3
+compared with 1,886.8 in February and 1,452.7 in March, 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="123" NEWID="11895">
+<DATE> 1-APR-1987 09:19:52.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0810&#31;reute
+u f BC-SCHERING-PLOUGH-&lt;SGP>   04-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHERING-PLOUGH &lt;SGP> MULLS DR. SCHOLL'S SALE</TITLE>
+<DATELINE>    MADISON, N.J., April 1 - </DATELINE><BODY>Schering-Plough corp said it is
+considering the sale of its Dr. Scholl's businesses in Europe,
+Latin America and the Far East, which had sales of about 150
+mln dlrs in 1986.
+    The company said the transaction is not expected to have a
+material impact on earnings.  It said it has engaged Merrill
+Lynch and Co Inc &lt;MER> to assist in the sale process.
+    Schering said it will retain Dr. Scholl's businesses in the
+U.S., Canada and Puerto Rico, which had sales of about 135 mln
+dlrs last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="124" NEWID="11896">
+<DATE> 1-APR-1987 09:20:04.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0811&#31;reute
+u f BC-FAMILY-DOLLAR-STORES   04-01 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAMILY DOLLAR STORES INC &lt;FDO> 2ND QTR FEB 28</TITLE>
+<DATELINE>    MATTHEWS, N.C., April 1 -
+    </DATELINE><BODY>Shr 28 cts vs 31 cts
+    Net 8,117,095 vs 8,954,904
+    Sales 146.7 mln vs 133.0 mln
+    Avg shares 29.0 mln vs 28.9 mln
+    First half
+    Shr 48 cts vs 53 cts
+    Net 13.8 mln vs 15.2 mln
+    Sales 273.0 mln vs 242.1 mln
+    Avg shrs 29.0 mln vs 28.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="125" NEWID="11897">
+<DATE> 1-APR-1987 09:20:13.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0812&#31;reute
+r f BC-UNION-CARBIDE-&lt;UK>-UN   04-01 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION CARBIDE &lt;UK> UNIT TO BUY BACK NOTES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Union Carbide Overseas Finance Corp
+N.V., a unit of Union Carbide Corp, said it plans to redeem on
+May one all outstanding 14-3/4 pct notes due May 1, 1989.
+    The notes will be bought back at par. Interest will cease
+to accrue on May one, the unit said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="126" NEWID="11898">
+<DATE> 1-APR-1987 09:20:24.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0813&#31;reute
+r f BC-MCO-HOLDINGS-INC-&lt;MCO   04-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCO HOLDINGS INC &lt;MCO> 4TH QTR LOSS</TITLE>
+<DATELINE>    LOS ANGELES, April 1 -
+    </DATELINE><BODY>Oper shr loss 2.27 dlrs vs loss 1.62 dlrs
+    Oper net loss 12.7 mln vs loss 12.1 mln
+    Revs 60.0 mln vs 26.2 mln
+    Year
+    Oper shr loss 5.16 dlrs vs loss 1.56 dlrs
+    dOper net loss 29.0 mln vs loss 12.4 mln
+    Revs 139.3 mln vs 110.0 mln
+    NOTE: 1985 operating losses exclude profits of 19.5 mln
+dlrs, or 2.64 dlrs a share, in quarter and 20.6 mln dlrs, or
+2.74 dlrs a share, in year from discontinued operations
+    1985 loss in both periods includes pre-tax charge of 16.9
+mln dlrs on write down of oil properties.
+    1986 year loss includes pre-tax charge of 23.0 mln dlrs for
+write down of oil and gas properties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="127" NEWID="11899">
+<DATE> 1-APR-1987 09:20:58.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0816&#31;reute
+r f BC-&lt;ANCHOR-SAVINGS-BANK>   04-01 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ANCHOR SAVINGS BANK> TO TRADE ON NASDAQ</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Anchor Savings Bank said it expects to
+start trading on the NASDAQ system on a when-issued basis on
+April Seven under the ticker symbol &lt;ABKR>.
+    Anchor recently went public in a subscription offering of
+17,595,000 shares that was oversubscribed and increased by
+2,295,000 shares from the number originally planned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="128" NEWID="11900">
+<DATE> 1-APR-1987 09:25:34.30</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0824&#31;reute
+b f BC-BUNDESBANK-WILL-NOT-H   04-01 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK WILL NOT HOLD PRESS CONFERENCE TOMORROW</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>The Bundesbank will not hold a press
+conference after its regular fortnightly council meeting
+tomorrow, a spokesman said in answer to enquiries.
+    Bundesbank vice-president Helmut Schlesinger will chair the
+meeting, as president Karl Otto Poehl has a private engagement.
+    The next meeting is scheduled for April 16.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="129" NEWID="11901">
+<DATE> 1-APR-1987 09:26:10.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0826&#31;reute
+b f BC-MCDONALDS-ISSUES-75-M   04-01 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONALDS ISSUES 75 MLN CANADIAN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>McDonalds Corporation is issuing a 75 mln
+Canadian dlr eurobond due May 14, 1992 paying 8-1/2 pct and
+priced at 101-5/8 pct, lead manager Morgan Guaranty Ltd said.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 Canadian dlrs and will be listed in
+Luxembourg. The selling concession is 1-1/4 pct while
+management and underwriting combined pays 5/8 pct.
+    The payment date is May 14.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="130" NEWID="11902">
+<DATE> 1-APR-1987 09:32:27.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0840&#31;reute
+b f BC-DUTCH-BANK-PLANS-50-M   04-01 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH BANK PLANS 50 MLN AUSTRALIAN DLR EUROBOND</TITLE>
+<DATELINE>    AMSTERDAM, April 1 - </DATELINE><BODY>Nederlandsche Middenstandsbank NV said
+it planned a 50 mln Australian dollar 14.5 pct three-year
+bullet eurobond issue at 101.5 pct.
+    Lead manager is Swiss Bank Corp International Ltd, heading
+a syndicate with co-lead managers NMB, Hambros Bank Limited,
+Morgan Guaranty Limited and S.G. Warburg Securities.
+    An Amsterdam Bourse listing will be requested for the
+bonds.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="131" NEWID="11903">
+<DATE> 1-APR-1987 09:35:42.40</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0853&#31;reute
+f f BC-******MANUFACTURERS-H   04-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MANUFACTURERS HANOVER RAISES PRIME RATE TO 7-3/4 PCT FROM
+7-1/2, EFFECTIVE TODAY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="132" NEWID="11904">
+<DATE> 1-APR-1987 09:36:29.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0858&#31;reute
+u f BC-RANSBURG-CORP-&lt;RBG>-1   04-01 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RANSBURG CORP &lt;RBG> 1ST QTR FEB 28 LOSS</TITLE>
+<DATELINE>    INDIANAPOLIS, April 1 -
+    </DATELINE><BODY>Oper shr loss 19 cts vs profit one ct
+    Oper net loss 1,495,000 vs profit 50,000
+    Revs 52.3 mln vs 48.9 mln
+    NOTE: Earnings exclude gains from utilization of tax loss
+carryforwards of 82,000 dlrs, or one ct a share vs 300,000
+dlrs, or three cts a share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="133" NEWID="11905">
+<DATE> 1-APR-1987 09:36:42.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0859&#31;reute
+f f BC-******CONRAC-CORP-REJ   04-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONRAC CORP REJECTS MARK IV INDUSTRIES TENDER OFFER,
+EXPLORES ALTERNATIVES
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="134" NEWID="11906">
+<DATE> 1-APR-1987 09:39:26.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0871&#31;reute
+r f BC-NATIONAL-INTERGROUP-&lt;   04-01 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL INTERGROUP &lt;NII> UNIT FILES FOR OFFER</TITLE>
+<DATELINE>    PITTSBURGH, April 1 - </DATELINE><BODY>National Intergrup Inc said its
+Permian Partners LP subsidiary, recently formed to take over
+the business of its Permian Corp unit, plans to make a public
+offering of cumulative convertible preferred partnership units.
+    Permian buys, transports and resells crude oil.
+    Lead underwriters are American Express Co's &lt;AXP> Shearson
+Lehman Brothers Inc and &lt;Donaldson, Lufin and Jenrette
+Securities Corp> will be lead underwriters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="135" NEWID="11907">
+<DATE> 1-APR-1987 09:42:57.17</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0884&#31;reute
+b f BC-/MANUFACTURERS-HANOVE   04-01 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURERS HANOVER &lt;MHC> RAISES PRIME RATE</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Manufacturers Hanover Trust Co became
+the third major U.S. bank to increase its prime rate to 7-3/4
+pct from 7-1/2, matching a move initiated yesterday by Citibank
+and Chase Manhattan.
+    The bank, the main subsidiary of Manufacturers Hanover
+Corp, said the new rate is effective today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="136" NEWID="11908">
+<DATE> 1-APR-1987 09:50:31.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0899&#31;reute
+s f BC-SNYDER-OIL-PARTNERS-L   04-01 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SNYDER OIL PARTNERS LP &lt;SOI> SETS QUARTERLY</TITLE>
+<DATELINE>    FORT WORTH, Texas, April 1 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Pay April 30
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="137" NEWID="11909">
+<DATE> 1-APR-1987 09:50:41.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0900&#31;reute
+d f BC-MEDAR-&lt;MDXR>-ACQUIRES   04-01 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDAR &lt;MDXR> ACQUIRES OWENS-ILLINOIS &lt;OI> UNIT</TITLE>
+<DATELINE>    FARMINGTON HILLS, MICH., April 1 - </DATELINE><BODY>Medar Inc said it
+acquired Automatic Inspection Devices Inc, a subsidiary of
+Owens-Illinois Inc, Toledo, Ohio, through an exchange of stock
+for 80 pct of the company.
+    Automatic Designs and manufactures a line of machine vision
+systems for the packaging, pharmaceutical, electronics and
+consumer goods industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="138" NEWID="11910">
+<DATE> 1-APR-1987 09:54:33.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0911&#31;reute
+u f BC-ALLIS-CHALMERS-&lt;AH>-E   04-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIS-CHALMERS &lt;AH> ESTIMATES PROCEEDS OF SALE</TITLE>
+<DATELINE>    MILWAUKEE, WIS., April 1 - </DATELINE><BODY>Allis-Chalmers Corp said it
+expects cash proceeds from the proposed sale of its solids
+processing equipment and minerals systems businesses to exceed
+90 mln dlrs, with no material gain or loss anticipated from the
+planned sale.
+    Closing of the sale to Boliden AB of Sweden would be part
+of the overall restructure of Allis-Chalmers, which was
+announced on March Four, the company said.
+    Allis-Chalmers said the business entities included in the
+transaction had total sales of about 250 mln dlrs in 1986, with
+total employment of about 4,300.
+    The solids processing equipment business involves
+manufacture of crushing and related equipment for mining. It
+consists of operations in Sweden, Australia, Brazil, France,
+Great Britain, Spain and Appleton, Wis.
+    The minerals systems business has operations in West Allis,
+Wis., and Lachine, Quebec, Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="139" NEWID="11911">
+<DATE> 1-APR-1987 09:56:14.09</DATE>
+<TOPICS><D>ship</D><D>grain</D><D>oilseed</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0918&#31;reute
+r f BC-ARGENTINE-GRAIN-SHIPP   04-01 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE GRAIN SHIPPING SITUATION</TITLE>
+<DATELINE>    BUENOS AIRES, April 1 - </DATELINE><BODY>One grain vessel was awaiting berth
+at Bahia Blanca, four at Buenos Aires and five at Rosario, on
+March 31, National Grain Board figures show.
+    The situation at these ports was as follows, giving the
+number of ships loading, awaiting berth and expected
+respectively.
+    Bahia Blanca - 4, 1, 1
+    Buenos Aires - 1, 4, 9
+    Rosario -      6, 5, 7
+    The tonnage of grain and oilseeds to be loaded onto ships
+loading, awaiting berth and expected at each port was as
+follows.
+    Bahia Blanca - Wheat 161,360.
+    Buenos Aires - Maize 104,304, Wheat 14,330.
+    Rosario - Wheat 50,400, maize 157,040, subproducts 50,100,
+sunflowerseed 1,000 and millet 3,100.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="140" NEWID="11912">
+<DATE> 1-APR-1987 09:57:00.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0920&#31;reute
+b f BC-/U.S.-CONSTRUCTION-SP   04-01 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONSTRUCTION SPENDING ROSE 1.0 PCT IN FEB</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. construction spending rose 3.6
+billion dlrs, or 1.0 pct, in February to a seasonally adjusted
+rate of 378.4 billion dlrs, the Commerce Department said.
+    Spending in January fell a revised 3.7 billion dlrs, or 1.0
+pct, to 374.8 billion dlrs, the department said.
+    Previously, it said spending rose 1.0 pct in January.
+    February construction spending was 4.5 billion dlrs, or 1.2
+pct above the February 1986, total of 373.9 billion dlrs.
+    Residential construction spending fell in February to an
+annual rate of 179.4 billion dlrs from 181.5 billion dlrs in
+January.
+    Public construction outlays rose for a fourth successive
+month to 78 billion dlrs in February from 75.1 billion dlrs in
+January and were 9.7 billion dlrs, or 14.2 pct, higher than the
+February, 1986, estimate of 68.3 billion dlrs, the department
+said.
+    Public spending on highways was up in February to 23.3
+billion dlrs from an annual rate in January of 22.7 billion
+dlrs.
+    In constant dollars, February construction outlays rose 2.3
+billion dlrs from January levels to an annual rate of 341.3
+billion dlrs, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="141" NEWID="11913">
+<DATE> 1-APR-1987 09:57:08.20</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0921&#31;reute
+b f BC-/IRVING-TRUST-&lt;V>-RAI   04-01 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRVING TRUST &lt;V> RAISES PRIME RATE</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Irving Trust Co said it is raising its
+prime rate to 7-3/4 pct from 7-1/2, effective immediately.
+    It becomes the fourth U.S. bank to raise the rate,
+following Citibank, Chase Manhattan and Manufacturers Hanover
+Trust.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="142" NEWID="11914">
+<DATE> 1-APR-1987 09:57:18.90</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0922&#31;reute
+u f BC-HOG-REPORT-SHOWS-MORE   04-01 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG REPORT SHOWS MORE HOGS ON FARMS</TITLE>
+<AUTHOR>    By Jerry Bieszk, Reuters</AUTHOR>
+<DATELINE>    Chicago, April 1 - </DATELINE><BODY>The USDA quarterly hogs and pig report
+yesterday showed more hogs on U.S. farms compared to last year
+as profitability resulting from low grain prices encouraged
+producers to step up production, analysts said.
+    Most analysts seemed to agree with Chicago Mercantile
+Exchange floor traders that the report will be viewed as
+bearish to pork futures and futures prices may open sharply
+lower today. Some traders and analysts expect limit declines in
+nearby contracts, with spillover selling likely in cattle.
+    University of Missouri agronomist Glen Grimes said,"The
+report shows that hog producers have responded to a very
+desirable feeding ratio that they enjoyed for the past 10
+months."
+    Shearson Lehman analyst Chuck Levitt said hog futures
+prices are above producers' break even points. Even if futures
+fell the daily limit of 1.50 cents today, producers could still
+lock in a profit, which increases the likelihood of heavy
+selling pressure today.
+    "We have not had a period of profitability of this
+magnitude since last summer," Levitt said. "In fact, hog
+operations on many mixed livestock/grain enterprises have been
+so profitable that it actually enabled some farmers to get back
+on their feet and refinance their loans just based on the hog
+operation alone."
+    Levitt said the weight breakdown in the report also was
+negative, in that some lead time was anticipated before the
+slaughter increased from the previous year.
+    We expected farmers to increase hog operations, but we
+didn't expect this degree of expansion to show up in a 10-state
+spring report, Levitt added.
+    High hog corn ratios (the number of bushels of corn that
+could be bought for 100 lbs of hog) and the resulting increased
+profits, encouraged farmers and confinement operations to
+increase production starting late last year.
+    Analysts also noted that part of the increase in the hog
+herd resulted from a revision of the December report and
+without the revision, the March report might have been very
+close to average expectations.
+    Robin Fuller of Agri Analysis said the USDA made a major
+upward revision of 105,000 head in the size of the breeding
+herd in the December 1 report. So the December report was more
+bearish than initially indicated.
+    But Fuller, as well as other analysts, expected the report
+to be less negative on deferred futures contracts. Distant
+contracts are already at a sharp discount to cash because
+traders anticipated high farrowing intentions, she noted.
+    Discounts in the October and December contracts take into
+consideration a six to seven pct increase in March/May
+farrowing intentions, which was borne out in the March 1
+report, Fuller said.
+    Grimes said, "As far as the distant months are concerned,
+if our first quarter pig crop is up only six pct and under 60
+lb inventories actually up only five pct, it would take a
+tremendous discount in price for each percent increase for us
+to push down to the prices that the current futures show for
+the July and August period."
+    Jerry Abbenhaus, analyst for AGE Clearing noted that
+distant futures prices are already 15 to 20 dlrs lower than
+they were last summer.
+    "If cash hogs at the 7-markets last year averaged 61 dlrs
+during July, that doesn't mean hogs have to be 15 dlrs cheaper
+this year because we have six pct more numbers," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="143" NEWID="11915">
+<DATE> 1-APR-1987 09:58:46.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0932&#31;reute
+u f BC-CONRAC-&lt;CAX>-REJECTS   04-01 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONRAC &lt;CAX> REJECTS MARK IV &lt;IV> OFFER</TITLE>
+<DATELINE>    STAMFORD, Conn., April 1 - </DATELINE><BODY>Conrac Corp said its board has
+rejected MArk IV Industries Inc's tender offer for all Conract
+shares at 25 dlrs each, and no Conract director of officer
+plans to tender any shares.
+    The company said financial advisor &lt;Goldman, Sachs and Co>
+determined the price to be inadequate.
+    It said its board has instructed management to explore and
+develop with financial and legal advisors alternative courses
+of action to maximize shareholder values.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="144" NEWID="11916">
+<DATE> 1-APR-1987 09:58:57.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0933&#31;reute
+b f BC-TAFT-&lt;TFB>-HAD-NOT-CO   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAFT &lt;TFB> HAD NOT COMPLETED TV STATION SALE</TITLE>
+<DATELINE>    CINCINNATI, Ohio, April 1 - </DATELINE><BODY>Taft Broadcasting Co said the
+sale of its independent television stations to TVX Broadcast
+Group, which had been set for yesterday, did not occur.
+    TVX and its investment bankers, Salomon Inc's &lt;SB> Salomon
+Brothers, advised Taft the closing would not be consumated as
+scheduled, the company said.
+    TVX and Salomon also advised Taft they hope to be able to
+close in near future, the company said, adding it is prepared
+to close at any time.
+    A Taft spokeswoman referred all questions to TVX and
+Salomon.
+    Taft agreed in November to sell the stations in
+Philadelphia, Washington, Miami, Fort Worth-Dallas and Houston
+TVX Broadcast for 240 mln dlrs.
+    At the time, Taft said the transaction would result in an
+after tax charge of 45 to 50 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="145" NEWID="11917">
+<DATE> 1-APR-1987 09:59:18.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0935&#31;reute
+u f BC-SENATE-LEADER-BYRD-SE   04-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE LEADER BYRD SEES CLOSE HIGHWAY VOTE</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Senate majority leader Robert Byrd
+said the vote today to override President Reagan's veto of a
+major highway bill was very close.
+    The Democratic leader told reporters he could not tell them
+whether the Senate would override or sustain the veto. The
+House voted to override yesterday.
+    "If the veto is sustained, it won't be because of pork, it
+will be because of politics," Byrd said.
+    He has contended the White House was applying pressure on
+Republicans to vote with Reagan.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="146" NEWID="11918">
+<DATE> 1-APR-1987 10:00:27.85</DATE>
+<TOPICS><D>earn</D><D>iron-steel</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0945&#31;reute
+d f BC-THYSSEN-SEES-UP-TO-20   04-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THYSSEN SEES UP TO 20 PCT LOWER SALES IN 1986/87</TITLE>
+<DATELINE>    HANOVER, April 1 - </DATELINE><BODY>Thyssen AG &lt;THYH.F> expects a fall of
+between 15 and 20 pct in consolidated turnover in 1986/87,
+chief executive Dieter Spethmann said.
+    He told journalists the exact decline would depend on
+dollar developments. The Thyssen group did over 50 pct of its
+business outside West Germany.
+    Spethmann made no comment on 1986/87 group earnings. World
+group net profit fell to 370.1 mln marks in the year ended
+September 1986 from 472.4 mln a year earlier on group sales
+which fell to 40.00 billion marks from a previous 44.32
+billion.
+    Last week Spethmann told the annual meeting Thyssen
+expected to post a good profit in 1986/87 despite expected
+losses in the mass steel-making operations this year.
+    Spethmann said engineering turnover would not be lower this
+year, but lower steel prices would result in a drop in steel
+turnover and sales volume. This would also affect Thyssen's
+trading operations, he said.
+    Spethmann also categorically denied a magazine article
+published this week which spoke of a dispute between him and
+Heinz Kriwet, management board chairman of Thyssen Stahl AG,
+over planned job cuts in steel plants in the Ruhr area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="147" NEWID="11919">
+<DATE> 1-APR-1987 10:00:43.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0947&#31;reute
+u f BC-FRENCH-GROUP-ISSUES-T   04-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH GROUP ISSUES TWO BONDS FOR 700 MLN FRANCS</TITLE>
+<DATELINE>    PARIS, April 1 - </DATELINE><BODY>Groupement pour le financement des
+Ouvrages de Batiment, Travaux Publics et activites annexes
+(GOBTP) plans to launch two variable-rate domestic bonds
+totalling 700 mln francs, lead managers Credit Commercial de
+France (CCF) and Caisse Centrale des Banques Populaires (CCBP)
+said.
+    The first 500 mln franc 12-year bond, led by CCF, will be
+issued at 99 pct with interest based on the annualised money
+market rate (TAM) and payable on April 21 every year with the
+first coupon paid next year.
+    The second 200 mln franc 12-year bond, led by CCBP, will be
+issued at 99 pct with interest also based on TAM with the same
+coupon payment date.
+    Both bonds will in principle be redeemable at par on April
+21, 1999.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="148" NEWID="11920">
+<DATE> 1-APR-1987 10:01:25.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0951&#31;reute
+u f BC-CYCLOPS-&lt;CYL>-NAMES-D   04-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYCLOPS &lt;CYL> NAMES DIXONS OFFICIALS TO BOARD</TITLE>
+<DATELINE>    PITTSBURGH, April 1 - </DATELINE><BODY>Cyclops corp said it has
+reconstituted its board to include three &lt;Dixons Group PLC>
+executives following Dixons' acquisition of 83 pct of Cyclops'
+4,061,000 shares in a 95 dlr per share tender offer.
+    Cyclops said remaining on the six-member board are chairman
+and chief executive W.H. Knoell, president and chief operating
+officer James F. Will and senior vice president William D.
+Dickey.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="149" NEWID="11921">
+<DATE> 1-APR-1987 10:01:38.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>kuwait</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0953&#31;reute
+u f BC-KUWAIT-STUDIES-INVEST   04-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT STUDIES INVESTMENTS IN EGYPT</TITLE>
+<DATELINE>    KUWAIT, April 1 - </DATELINE><BODY>The Kuwaiti government and private sector
+will study investments in Egyptian projects worth more than
+four billion dlrs, said the deputy-director for Egypt's Public
+Authority for Investment, Mohye al-Deen Gharib.
+    The chairman of the Kuwait Chamber of Commerce and
+Industry, Abdul-Aziz al-Saqr, said the visitors had submitted
+40 proposals for study.
+    These included "economic, industrial and real estate
+projects, in addition to the investment field," he said, adding
+that a holding company may be established to oversee
+investments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="150" NEWID="11922">
+<DATE> 1-APR-1987 10:03:54.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0969&#31;reute
+r f BC-BANK-NEW-ENGLAND-&lt;BKN   04-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK NEW ENGLAND &lt;BKNE> FILES NOTE OFFERING</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Bank of New England Corp said it filed
+with the Securities and Exchange Commission a registration
+statement covering a 200 mln dlr issue of subordinated capital
+notes due 1999.
+    Proceeds will be used primarily to retire short-term debt,
+finance possible acquisitions and fund investments in or
+extensions of credit to its subsidiaries, the company said.
+    Bank of New England said Morgan Stanley, Keefe Bruyette,
+Goldman Sachs and Merrill Lynch will underwrite the issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="151" NEWID="11923">
+<DATE> 1-APR-1987 10:04:00.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0970&#31;reute
+r f BC-SOUTHMARK-&lt;SM>-COMPLE   04-01 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHMARK &lt;SM> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    DALLAS, April 1 - </DATELINE><BODY>Southmark Corp said it has completed the
+purchase of Georgia International Life Insurance Co from
+Capital Holding Corp &lt;CPH> for cash and Southmark securities
+worth over 85 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="152" NEWID="11924">
+<DATE> 1-APR-1987 10:04:10.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0971&#31;reute
+r f BC-BIOTHERAPEUTICS-&lt;BITX   04-01 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOTHERAPEUTICS &lt;BITX> IN NASDAQ EXPANSION</TITLE>
+<DATELINE>    FRANKLIN, Tenn., April 1 - </DATELINE><BODY>Biotherapeutics Inc said its
+common stock will be included in the NASDAQ National Market
+System starting April Seven.
+    As a result, it said the stock will become marginable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="153" NEWID="11925">
+<DATE> 1-APR-1987 10:04:21.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0973&#31;reute
+r f BC-VALHI-&lt;VHI>-REPORTS-P   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALHI &lt;VHI> REPORTS PRO-FORMA EARNINGS</TITLE>
+<DATELINE>    DALLAS, April 1 - </DATELINE><BODY>Valhi Inc, formed by the March 10 merger
+of Amalgamated Sugar Co into LLC Corp, said it had unaudited
+pro-forma earnings of 72 mln dlrs, or 61 cts a share, for the
+six months ended December 31.
+    Valhi said these results were prepared as if the merger had
+occurred July 1, 1986, and on substantially the same basis as
+the pro-forma financial information in LLC's and Amalgamated's
+joint proxy statement dated February 10.
+    Valhi said it has about 117 mln common shares outstanding
+with about 85 pct held by &lt;Contran Corp>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="154" NEWID="11926">
+<DATE> 1-APR-1987 10:04:29.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0974&#31;reute
+r f BC-PATTEN-&lt;PAT>-CALLS-CO   04-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PATTEN &lt;PAT> CALLS CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Patten Corp said it called for
+redemption on May one its outstanding 23 mln dlrs of 7-1/4 pct
+convertible subordinated debentures of 2001.
+    It will buy back the debt at 1,105.93 dlrs per 1,000 dlr
+face amount, including accrued interest.
+    Debenture holders can convert the securities into the
+company's common stock at 12.976 dlrs per share until the close
+of business on April 17, Patten said.
+    The company's common is currently trading at 25 dlrs a
+share on the New York Stock Exchange, down 3/4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="155" NEWID="11927">
+<DATE> 1-APR-1987 10:04:46.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0976&#31;reute
+r f BC-SHOWBOAT-&lt;SBO>-GETS-A   04-01 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHOWBOAT &lt;SBO> GETS APPROVAL FOR LOW-BET DAY</TITLE>
+<DATELINE>    ATLANTIC CITY, N.J., April 1 - </DATELINE><BODY>Showboat Inc said the New
+Jersey Casino control commission has directed its new Altnatic
+City Showboat Casino, Hotel and Bowling Center to conduct a
+limited bet day today, in accordance with commission
+regulations.
+    Each new casino must conduct a limited bet day before
+opening for regular gaming.  Showboat has saiud it expects to
+open for regular gaming on Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="156" NEWID="11928">
+<DATE> 1-APR-1987 10:04:52.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0977&#31;reute
+r f BC-DIVI-HOTELS-&lt;DVH>-WAR   04-01 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIVI HOTELS &lt;DVH> WARRANT PRICE ADJUSTED</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Divi Hotels NV of Aruba said the
+exercise price of its warrants has been cut to 11 dlrs per
+share from 12 dlrs until September 17 and to 13 dlrs from 14
+dlrs thereafter due to the impact of a recent 1,500,000 share
+offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="157" NEWID="11929">
+<DATE> 1-APR-1987 10:05:16.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0978&#31;reute
+h f BC-FIRST-NATIONAL-HOLDER   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST NATIONAL HOLDERS APPROVE HOLDING COMPANY</TITLE>
+<DATELINE>    MOUNT CLEMENS, MICH., April 1 - </DATELINE><BODY>First National Bank in
+Mount Clemens, Mich., said it is seeking final regulatory
+approval to form First National Bank Corp, a bank holding
+company, following shareholder approval Tuesday.
+    It said formation of First National Bank Corp will result
+in a one-for-one stock exchange for shareholders of First
+National Bank in Mount Clemens.
+    First National Bank Corp is the parent company of First
+National Bank in Mount Clemens and Bankers Life Insurance Co, a
+newly created insurance subsidiary.
+    At the shareholders' meeting, the bank also reported 1986
+First National Bank earnings of 2,008,000 dlrs, or 2.22 dlrs a
+share, up 11 pct from 1985's earnings of 1,811,000 dlrs, or
+2.00 dlrs a share.
+    Bank assets climbed to 276 mln dlrs from 240 mln dlrs in
+1985, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="158" NEWID="11930">
+<DATE> 1-APR-1987 10:05:26.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0980&#31;reute
+s f BC-ACME-CLEVELAND-CORP-&lt;   04-01 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACME-CLEVELAND CORP &lt;AMT> SETS QUARTERLY</TITLE>
+<DATELINE>    CLEVELAND, April 1 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay May 13
+    Record April 29
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="159" NEWID="11931">
+<DATE> 1-APR-1987 10:06:34.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0985&#31;reute
+r f BC-AMEX-BEGINS-TRADING-H   04-01 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX BEGINS TRADING HARCOURT BRACE &lt;HBJ> OPTIONS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>The American Stock Exchange said it
+today opened put and call options trading in the common stock
+of Harcourt Brace Jovanovice Inc.
+    The exchange said Harcourt Brace is a replacement selection
+for LTV Corp.
+    The Amex said the initial expiration months for HBJ options
+are April, May, July and October.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="160" NEWID="11932">
+<DATE> 1-APR-1987 10:06:44.08</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0986&#31;reute
+b f BC-oil/lard-stats   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OIL/LARD STATISTICS</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. Census Bureau figures released
+here showed factory and warehouse stocks on Feb 28 included the
+following, with comparisons, in mln lbs --
+          02/28/87    01/31/87  02/28/86
+ Soybean Oils --
+   Crude  1,663.3-x  1,542.6      893.7
+ Refined    300.5-x    294.7-r    287.4
+   Total  1,963.8-x  1,837.3-r  1,181.1
+Cotton Oils --
+   Crude     65.7       55.8-r     64.5
+ Refined    122.3      109.6-r    119.6
+   Total    188.0      165.4-r    184.1
+ X-Revised from preliminary data released in the bureau's
+oilseeds report of March 23. R-Revised.
+
+     Factory and Warehouse Stocks, continued -
+         02/28/87  01/31/87   02/28/86
+ Corn Oils --
+     Crude   32.5    32.3-r   44.2
+   Refined   65.8    54.4-r   39.9
+     Total   98.3    86.7-r   84.1
+      Lard   31.4    31.5-r   36.4
+  R-Revised.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="161" NEWID="11933">
+<DATE> 1-APR-1987 10:07:41.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0989&#31;reute
+r f BC-VMS-STRATEGIC-LAND-TR   04-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS STRATEGIC LAND TRUST &lt;VLANS> SETS PAYOUT</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>VMS Strategic Land Trust declared an
+initial dividend of 30 cts a share payable May 15 to
+shareholders of record April 20.
+    The dividend represents a 12 pct annual return based on the
+company's original offering price in December of 10 dlrs a
+share. The return is guaranteed through December 31, 1988, the
+company said.
+    The trust invests in short term junior preconstruction
+mortgage loans and has total principal amount of investments of
+approximately 105.7 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="162" NEWID="11934">
+<DATE> 1-APR-1987 10:07:53.08</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0990&#31;reute
+b f BC-/CHEMICAL-&lt;CHL>-RAISE   04-01 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMICAL &lt;CHL> RAISES PRIME RATE TO 7-3/4 PCT</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Chemical Bank, the main bank subsidiary
+of Chemical New York Corp, said it is raising its prime lending
+rate to 7-3/4 pct from 7-1/2 pct, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="163" NEWID="11935">
+<DATE> 1-APR-1987 10:08:44.28</DATE>
+<TOPICS><D>lead</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0993&#31;reute
+r f BC-&lt;cominco-ltd>-lowers   04-01 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;COMINCO LTD> LOWERS PRICE OF LEAD METAL</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, April 1 - </DATELINE><BODY>Cominco Ltd said its
+Cominco metals division lowered the price for lead metal sold
+in Canada by 1/2 Canadian cts per pound to 34 Canadian cts per
+pound.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="164" NEWID="11936">
+<DATE> 1-APR-1987 10:09:17.93</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>corn</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0997&#31;reute
+u f BC-midwest-cash-grain   04-01 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST CASH GRAIN - SLOW COUNTRY MOVEMENT</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>Cash grain dealers reported slow country
+movement of corn and soybeans across the Midwest, with even
+corn sales from PIK-and-roll activity seen earlier this week
+drying up.
+    Some dealers said the USDA may further adjust the posted
+county price at the Gulf to take into account high barge
+freight rates as a way to keep corn sales flowing, but added
+the current plan probably will be given a few weeks to see if
+it will work as hoped.
+    Corn and soybean basis values continued to drop on the
+Illinois and MidMississippi River due to the strong barge
+freight rates. Toledo and Chicago elevators were finishing
+loading the first corn boats of the new shipping season,
+supporting spot basis values at those terminal points.
+
+                  CORN             SOYBEANS
+ TOLEDO         5 UND MAY UNC   1 UND MAY UNC
+ CINCINNATI     1 UND MAY UNC   1 OVR MAY UP 2
+ NEW HAVEN     12 UND MAY UNC   2 UND MAY DN 1
+ N.E. INDIANA  10 UND MAY UNC   2 OVR MAY DN 1
+ CHICAGO      1/2 OVR MAY UNC   5 UND MAY UNC
+ SENECA       51/2 UND MAY DN 1 7 UND MAY UNC
+ DAVENPORT 61/2UND MAY DN61/2 61/2UND MAY DN11/2
+ CLINTON        5 UND MAY DN 3       UA
+ CEDAR RAPIDS  11 UND MAY DN 3 13 UND MAY DN 2
+                  HRW WHEAT
+ TOLEDO  58 LB 35 OVR MAY UP 1
+ CHICAGO 57 LB 25 OVR MAY UNC
+ CINCINNATI DP 10 OVR MAY UNC
+ NE INDIANA DP  8 OVR MAY UNC
+ PIK CERTIFICATES - 103/104 PCT - UNC/ DN 2
+ NC - NO COMPARISON  UA - UNAVAILABLE
+ UNC - UNCHANGED DP - DELAYED PRICING
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="165" NEWID="11937">
+<DATE> 1-APR-1987 10:09:47.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0999&#31;reute
+f f BC-******OMB'S-MILLER-SA   04-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>OMB'S MILLER SAYS REAGAN OPPOSES EXCISE TAX HIKES TO
+BALANCE U.S. BUDGET
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="166" NEWID="11938">
+<DATE> 1-APR-1987 10:09:57.46</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1000&#31;reute
+f f BC-******FED-BUYING-ONE   04-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED BUYING ONE BILLION DLRS OF BILLS FOR CUSTOMER
+ACCOUNT, FED SAYS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="167" NEWID="11939">
+<DATE> 1-APR-1987 10:10:18.62</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>corn</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1002&#31;reute
+b f BC-midwest-cash-grain   04-01 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST CASH GRAIN - SLOW COUNTRY MOVEMENT</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>Cash grain dealers reported slow country
+movement of corn and soybeans across the Midwest, with even
+corn sales from PIK-and-roll activity seen earlier this week
+drying up.
+    Some dealers said the USDA may further adjust the posted
+county price at the Gulf to take into account high barge
+freight rates as a way to keep corn sales flowing, but added
+the current plan probably will be given a few weeks to see if
+it will work as hoped.
+    Corn and soybean basis values continued to drop on the
+Illinois and MidMississippi River due to the strong barge
+freight rates. Toledo and Chicago elevators were finishing
+loading the first corn boats of the new shipping season,
+supporting spot basis values at those terminal points.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="168" NEWID="11940">
+<DATE> 1-APR-1987 10:10:38.01</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1005&#31;reute
+b f BC-/MARINE-MIDLAND-&lt;MMB>   04-01 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARINE MIDLAND &lt;MMB> RAISES PRIME RATE</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Marine Midland Banks Inc said it is
+raising its prime lending rate to 7-3/4 pct from 7-1/2 pct,
+effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="169" NEWID="11941">
+<DATE> 1-APR-1987 10:12:24.00</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1016&#31;reute
+r f BC-FHLBB-CHANGES-SHORT-T   04-01 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Federal Home Loan Bank Board
+adjusted the rates on its short-term discount notes as follows:
+    MATURITY   NEW RATE  OLD RATE  MATURITY
+   30-69 days  5.00 pct  5.00 pct   30-124 days
+   70-88 days  5.92 pct  5.90 pct  125-150 days
+  89-123 days  5.00 pct  5.00 pct  151-173 days
+ 124-150 days  5.93 pct  5.92 pct  174-182 days
+ 151-349 days  5.00 pct  5.00 pct  183-349 days
+ 350-360 days  5.98 pct  5.94 pct  350-360 days
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="170" NEWID="11942">
+<DATE> 1-APR-1987 10:13:47.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1020&#31;reute
+r f BC-SOUTHEAST-BANKING-&lt;ST   04-01 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHEAST BANKING &lt;STB> FILES FOR NOTE OFFERING</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Southeast Banking Corp said it filed
+with the Securities and Exchange Commission a registration
+statement covering a 50 mln dlr issue of convertible
+subordinated capital notes due 1999.
+    The notes are designed to qualify as primary capital for
+Federal Reserve Board regulatory purposes, the bank said.  It
+will apply to list the notes on the New York Stock Exchange.
+    The company named Lazard Freres and Co as lead manager of
+the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="171" NEWID="11943">
+<DATE> 1-APR-1987 10:14:01.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1021&#31;reute
+u f BC-COASTAL-&lt;CGP>-SEEKS-O   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL &lt;CGP> SEEKS OK OF TRANSAMERICAN PLANS</TITLE>
+<DATELINE>    HOUSTON, April 1 - </DATELINE><BODY>Coastal Corp said its board will be
+asked to approve the company's plan to reorganize
+&lt;Transamerican Natural Gas Corp> at its April 14 meeting.
+    Coastal said the plan is expected to be filed with the
+federal Bankruptcy Court on April 15.
+    Transamerican has been operating under Chapter 11 of the
+federal bankruptcy code since January 1983. Owned by John R.
+Stanley, it was formerly known as GHR Energy Corp. The
+bankruptcy arose from the collapse of GHR's Good Hope
+Refineries Inc, which operated a refinery at Good Hope, La.
+    Coastal also said it will file detailed objections to the
+disclosure statement filed earlier by Transamerican.
+    Coastal has requested its plan and disclosure statement be
+set for hearing in Bankruptcy Court Judge Manuel Leal's court
+on April 28 and 29 along with the Transamerican plan.
+    Coast said a ruling this week by Judge Leal freed the
+company to work with Transamerican's creditors and other
+interested parties in developing a reorganization plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="172" NEWID="11944">
+<DATE> 1-APR-1987 10:14:06.86</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>dmk</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1022&#31;reute
+b f BC-TURKISH-CENTRAL-BANK   04-01 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH CENTRAL BANK SETS LIRA/DOLLAR, DM RATES</TITLE>
+<DATELINE>    ANKARA, April 1 - </DATELINE><BODY>The Turkish Central Bank set a
+lira/dollar rate for April 2 of 780.00/783.90 to the dollar,
+down from the previous 777.00/780.89. The Bank also set a
+lira/mark rate of 429.15/431.30 to the mark, up from the
+previous 430.50/432.65.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="173" NEWID="11945">
+<DATE> 1-APR-1987 10:15:39.70</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f1033&#31;reute
+u f BC-asarco-copper-price   04-01 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASARCO LOWERS COPPER PRICE 1.50 CTS TO 67 CTS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Asarco Inc said it is decreasing its
+domestic delivered copper cathode price by 1.50 cents to 67.0
+cents a lb, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="174" NEWID="11946">
+<DATE> 1-APR-1987 10:17:08.75</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1038&#31;reute
+b f BC-/FED-BUYS-ONE-BILLION   04-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED BUYS ONE BILLION DLRS OF BILLS FOR CUSTOMER</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>The Federal Reserve is buying one
+billion dlrs of Treasury bills for customer account for
+delivery today, a spokesman for the bank said.
+    Fed funds were trading at 6-3/16 pct at the time of the
+purchase, which came several hours before the Fed normally
+transacts business for its customers.
+    Economists said the purchase was almost certainly related
+to the investment of proceeds from recent central bank
+intervention in the foreign exchanges.
+    The Bank of Japan alone is estimated to have bought about
+six billion dlrs in March in a bid to prop up the dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="175" NEWID="11947">
+<DATE> 1-APR-1987 10:17:12.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1039&#31;reute
+f f BC-******GEORGIA-PACIFIC   04-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GEORGIA-PACIFIC TO HAVE 60 MLN DLR PRETAX GAIN FROM SALE
+OF GEORGIA GULF STAKE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="176" NEWID="11948">
+<DATE> 1-APR-1987 10:17:24.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1041&#31;reute
+u f BC-FRANCE-SETS-SEVEN-BIL   04-01 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE SETS SEVEN BILLION FRANC T-BILL TENDER</TITLE>
+<DATELINE>    PARIS, April 1 - </DATELINE><BODY>The Bank of France said it will offer
+seven billion francs' worth of negotiable Treasury bills at its
+next weekly tender on April 6.
+    The total includes 3.5 billion francs' worth of 13-week
+bills and 3.5 billion francs of 26-week bills.
+    At this week's tender on Monday the Bank sold a total of
+4.84 billion francs' worth of 13- and 24-week bills against an
+original offer of four billion francs' worth and demand for
+14.14 billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="177" NEWID="11949">
+<DATE> 1-APR-1987 10:20:30.42</DATE>
+<TOPICS><D>gnp</D><D>coffee</D></TOPICS>
+<PLACES><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f1054&#31;reute
+d f BC-KENYAN-MINISTER-FOREC   04-01 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENYAN MINISTER FORECASTS ECONOMIC EXPANSION</TITLE>
+<DATELINE>    NAIROBI, April 1 - </DATELINE><BODY>Kenya's economy will continue to expand
+this year and the government will do more to encourage
+investment by foreign firms and the local private sector,
+Planning Minister Robert Ouko said.
+    He told a news conference that the government would soon
+create a special bureau to expedite processing of investment
+applications by local and foreign investors.
+    Praising the role of multinational companies and local
+entrepreneurs in Kenya's economy, the minister promised to
+maintain a close working contact with the private sector.
+    The economy grew by 5.3 pct last year, up from 4.1 pct in
+1985, Ouko said. This was owing to high prices for the
+country's coffee exports, low oil prices, low inflation and
+rising real incomes, he added.
+    "Despite rising petroleum prices and falling coffee prices,
+Kenya's economy is still expected to improve in 1987," the
+planning minister said.
+    Agriculture would expand significantly if favourable
+weather continued and farmers responded to producer price rises
+announced in February, the minister added.
+    Kenyan farmers are anxiously awaiting the arrival of the
+long rainy season, which is due to start about now.
+    Ouko said the production of Kenya's main cash crops
+increased during the second half of last year.
+    Coffee deliveries to the state-run Coffee Board of Kenya
+rose 17 pct and tea deliveries rose four pct during the period,
+he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="178" NEWID="11950">
+<DATE> 1-APR-1987 10:21:28.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1057&#31;reute
+b f BC-/MILLER-SAYS-REAGAN-O   04-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILLER SAYS REAGAN OPPOSES U.S. EXCISE TAX HIKES</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Office of Management and Budget
+director James Miller said President Reagan opposes increases
+in the federal excise taxes on gas, cigarettes or alcohol to
+help reduce the federal budget deficit.
+    In an address before a group of House Republicans, Miller
+reiterated Reagan's opposition to an oil import duty. "I think
+also he would opose an increase in the gas tax."
+    He said there was no reason to think Reagan had changed his
+opposition to a cigarette tax hike. "In the case of the
+cigarette tax, we have no evidence the appropriate tax is
+higher than now, and the same on wine and spirits."
+    Miller urged the Republicans to hold firm against a tax
+hike to reduce the estimated 174 billion dlr deficit for the
+1988 financial year.
+    House Democratic budget writers are expected to recommend
+an 18 to 20 billion dlr revenue increase as part of the 1988
+budget. However, the composition of the taxes would be left to
+the tax-writing House Ways and Means Committee to decide.
+    Reagan's 1988 budget proposed 22 billion in revenue
+increases from sales of federal assets such as the Amtrak
+railroad, higher federal fees for services and larger
+individual payments for social programs.
+    "It's so essential to us to hold on that point of no tax
+increase," Miller said.
+    He added that House Speaker Jim Wright's proposal to set a
+new tax on security transactions was "a nonstarter" with the
+White House. The tax would be a tax on capital which would
+discourage all but the most profitable short-term transactions
+and could lead to creation of a duty-free market abroad.
+    "Control spending, get the deficit down and oppose any tax
+increase," Miller urged the Republicans.
+    Congress has set 108 billion dlrs as its deficit target for
+1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="179" NEWID="11951">
+<DATE> 1-APR-1987 10:22:19.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>tanzania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f1063&#31;reute
+d f BC-TANZANIA-OUTLINES-NEW   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANZANIA OUTLINES NEW FIVE-YEAR PLAN</TITLE>
+<DATELINE>    DAR ES SALAAM, April 1 - </DATELINE><BODY>Tanzania will need about 1.2
+billion dlrs of hard currency investment to support its
+1987-1992 five-year plan which begins in July, Minister of
+State for Finance Damas Mbogoro said.
+    He told an economic planning seminar in the northern town
+of Arusha yesterday that the new plan would concentrate on
+rehabilitating Tanzania's existing infrastructure, with a
+minimum of investment in new development projects.
+    The aim is to boost agricultural production by five pct a
+year and industrial output by 6.4 pct, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="180" NEWID="11952">
+<DATE> 1-APR-1987 10:22:27.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1064&#31;reute
+d f BC-FINLAND-ORDERS-MCDONN   04-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINLAND ORDERS MCDONNELL DOUGLAS MD-11S</TITLE>
+<DATELINE>    HELSINKI, April 1 - </DATELINE><BODY>The Finnish national airline &lt;Finnair>
+said in a statement today it ordered two McDonnell Douglas Corp
+&lt;MD.N> MD-11 passenger planes for delivery in October 1990 and
+May 1991 and had taken an option to buy on two more.
+    Finnair chief Gunnar Korhonen would not discuss the price
+further than telling reporters the planes were "inexpensive,"
+though market sources said the airline could expect a price cut
+as an earlier customer.
+   Korhonen said Finnair had not opted for Europe's A-340 plane
+because of uncertainty about the manufacturing of its engines,
+which may have delayed production of the jet.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="181" NEWID="11953">
+<DATE> 1-APR-1987 10:24:26.15</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1070&#31;reute
+u f BC-oil-products-output   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. VEGETABLE OIL PRODUCTS OUTPUT IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. factories used 1,053.0 mln lbs
+of various vegetable oils in the production of edible products
+during February, the Census Bureau reported.
+    That compared with a revised usage of 1,075.0 mln lbs in
+January and 1,084.2 mln lbs in February, 1986.
+    February production of selected products included the
+following, with comparisons, in mln lbs --
+                 Feb 87    Jan 87    Feb 86
+     Baking or
+   Frying Fats -- 355.5    387.6-r   427.4
+ Soybean Salad and
+   Cooking Oil -- 388.1    373.3-r   351.7
+ R-Revised.
+
+    Production, continued (in mln lbs --)
+                   Feb 87    Jan 87   Feb 86
+ Other Salad and
+    Cooking Oils   111.2    111.4-r   114.3
+       Margarine   218.8    216.9-r   214.4
+       Glycerine --
+           Crude    21.5     25.9      31.3
+         Refined    23.5     23.6-r    25.4
+     Fatty Acids   102.9    112.5-r   113.1
+       Meat/Meal
+         Tankage   410.2    458.2-r   446.2
+ R-Revised.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="182" NEWID="11954">
+<DATE> 1-APR-1987 10:25:28.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1076&#31;reute
+r f BC-BEECHAM-GROUP-&lt;BHAMY>   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEECHAM GROUP &lt;BHAMY> TO SELL UNIT</TITLE>
+<DATELINE>    GREENWICH, Conn., April 1 - </DATELINE><BODY>Privately-held investment firm
+&lt;Dubin Clark and Co> said it has signed a definitive agreement
+for an investment group it heads to acquire Roberts
+Consolidated Industries from &lt;Beecham Group PLC> for 45 mln
+dlrs.
+    Roberts makes and distributes accessories, adhesives and
+tools used in carpet installation.
+    Dubin Clark said its group includes Roberts management and
+London investment company &lt;J. Rothschild Holdings PLC>.  It
+said Ronald J. Dubin will become vice chairman of Roberts and
+J. Thomas Clark chairman.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="183" NEWID="11955">
+<DATE> 1-APR-1987 10:25:41.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L T
+&#22;&#22;&#1;f1077&#31;reute
+d f BC-THREE-SENATORS-SEEN-A   04-01 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THREE SENATORS SEEN ADDED TO SENATE FARM PANEL</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. Senate Agriculture Committee
+chairman Patrick Leahy (D-Vt.) said three senators probably
+would be added to the panel in the next week.
+    Sen. David Karnes, the Nebraska Republican recently
+appointed to replace the deceased Democrat Edward Zorinsky,
+probably will join the minority side, Leahy told the National
+Cattlemen's Association.
+    The committee chairman said he would like to have Sen. John
+Breaux (D-La.) join the majority.
+    Leahy would not say who would be the other Democrat to join
+the committee, which with the new members would be split 11
+Democrats to nine Republicans. Sen. James Exon (D-Neb.) is
+known to have expressed an interest in joining the panel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="184" NEWID="11956">
+<DATE> 1-APR-1987 10:27:53.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f1088&#31;reute
+d f BC-U.S.-SENATOR-HITS-PRO   04-01 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATOR HITS PROPOSED FARM BUDGET CUTS</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. Senate Agriculture Committee
+chairman Patrick Leahy (D-Vt.) said it would be impossible to
+cut two billion dlrs from the fiscal 1988 agriculture budget as
+proposed by Senate Budget Committee chairman Lawton Chiles
+(D-Fla.)
+    "I don't know how we could possibly absorb two billion dlrs
+of cuts without enormous disruptions," Leahy told the National
+Cattlemen's Association.
+    Chiles has proposed making unspecified policy changes that
+would trim two billion dlrs from farm income and price support
+programs in the fiscal year beginning next October.
+    Leahy said such cuts would be impossible, that one billion
+dlrs in cuts would be "darn near impossible" and that a spending
+freeze would be difficult.
+    Leahy said Congress would have to provide "some money" for
+the Farm Credit System, but that a "wholesale bailout" would not
+be forthcoming.
+    "We may need changes in (the system's) procedures but we
+will not let the system go belly up or simply become another
+bank," he said.
+    A task force composed of Leahy and Sens. David Boren
+(D-Okla.), Rudy Boschwitz (R-Minn.) and Richard Lugar (R-Ind.)
+is working on a proposal for assisting the Farm Credit System
+that Leahy said should be ready shortly after Congress's Easter
+recess, set for April 13 through 20.
+    Leahy said his panel would consider changes in the wheat
+and feedgrains programs this year, including a proposal to
+establish mandatory production controls.
+    However, he said a bill offered by Sen. Tom Harkin (D-Iowa)
+and Rep. Richard Gephardt (D-Mo.) would probably not pass
+Congress as presently written.
+    A bill to provide emergency disaster assistance to
+midwestern grain producers, already passed by the House, may
+not be considered by the Senate for another 10 days because
+members have lined up as many as two dozen amendments costing
+billions of dollars, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="185" NEWID="11957">
+<DATE> 1-APR-1987 10:30:42.55</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1096&#31;reute
+u f BC-tallow-production   04-01 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TALLOW PRODUCTION AND STOCKS</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. factory production of inedible
+tallow and grease amounted to 421.5 mln lbs in February, vs a
+revised 471.5 mln lbs the previous month and 419.2 mln lbs in
+the year-ago period, the Census Bureau said.
+    The bureau placed February factory production of edible
+tallow at 96.9 mln lbs, vs a revised 111.4 mln lbs the previous
+month and 122.7 mln lbs in February a year earlier.
+    It estimated factory and warehouse stocks of inedible
+tallow on February 28 at 410.7 mln lbs, vs a revised 351.6 mln
+the previous month and 361.9 mln in February, 1986.
+    End-Feb stocks of edible tallow amounted to 41.9 mln lbs,
+vs a revised 40.1 mln lbs and 48.6 mln lbs in their respective
+periods.
+    Factory consumption of inedible tallow and grease in
+February was assessed at 238.3 mln lbs, vs a revised 250.4 mln
+lbs a month earlier and 220.5 mln lbs in the year-ago period.
+    During February, factories used 65.3 mln lbs of edible
+tallow, vs a revised 71.8 mln and 84.6 mln, respectively.
+    Total factory production and consumption of tallow in the
+1987 marketing season, which began Jan 1, vs the 1986 season,
+were as follows, in mln lbs -- 
+  Production -- 1987     1986
+    Inedible    893.0    920.1
+      Edible    208.3    274.7
+ Consumption --
+    Inedible    488.7    473.7
+      Edible    137.1    176.4
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="186" NEWID="11958">
+<DATE> 1-APR-1987 10:31:58.74</DATE>
+<TOPICS><D>lead</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1100&#31;reute
+u f BC-&lt;cominco-ltd>-lowers   04-01 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO LTD CUTS LEAD PRICE IN CANADA</TITLE>
+<DATELINE>    Vancouver, British Columbia, April 1 - </DATELINE><BODY>Cominco Ltd said its
+Cominco metals division lowered the price for lead metal sold
+in Canada by 1/2 Canadian cts per pound to 34 Canadian cts per
+pound.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="187" NEWID="11959">
+<DATE> 1-APR-1987 10:34:52.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1119&#31;reute
+u f BC-U.S.-SENATOR-HITS-JAP   04-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATOR ASSAILS JAPANESE TRADE PRACTICES</TITLE>
+<DATELINE>     WASHINGTON, April 1 - </DATELINE><BODY>Senate Agriculture Committee
+Chairman Patrick Leahy (D-Vt.) charged Japan with lying and
+cheating in its trade practices.
+     "The Japanese, not to put too fine a point on it, have
+lied, cheated and otherwise misused tariff legislation, theirs
+and ours. And that's to give them the benefit of the doubt,"
+Leahy said.
+     The senator's remarks to the National Cattlemen's
+Association provoked laughter, followed by applause.
+     Leahy said the Reagan administration's plan to raise
+tariffs on a variety of Japanese imports in retaliation against
+Tokyo's violation of a bilateral semiconducter pact was "long
+overdue."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="188" NEWID="11960">
+<DATE> 1-APR-1987 10:35:05.03</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1121&#31;reute
+u f BC-MERCANTILE-BANK-N.A.   04-01 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCANTILE BANK N.A. &lt;MTRC> RAISES PRIME RATE</TITLE>
+<DATELINE>    ST. LOUIS, April 1 - </DATELINE><BODY>Mercantile Bancorp said its Mercantile
+Bank N.A. raised its prime rate to 7-3/4 pct from 7-1/2 pct,
+effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="189" NEWID="11961">
+<DATE> 1-APR-1987 10:35:33.37</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1123&#31;reute
+u f BC-lard-consumption   04-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LARD CONSUMPTION IN FEBRUARY</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. factory usage of lard in the
+production of both edible and inedible products during February
+totaled 22.0 mln lbs, vs a revised 20.2 mln lbs in January,
+according to Census Bureau figures.
+    In the year-earlier period, usage, which includes
+hydrogenated vegetable and animal fats and other oils in
+process, amounted to 31.4 mln lbs.
+    Usage in February comprised 16.6 mln lbs of edible products
+and 5.4 mln lbs of inedible products.
+    Total lard usage in the 1986/87 marketing season, which
+began October 1, amounted to 125.2 mln lbs, vs 185.6 mln lbs in
+the year-ago period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="190" NEWID="11962">
+<DATE> 1-APR-1987 10:35:37.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1124&#31;reute
+u f BC-AUTOSPA-&lt;LUBE>-TO-BUY   04-01 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUTOSPA &lt;LUBE> TO BUY CONTROL OF CARDIS &lt;CDS></TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Autospa Corp said it has signed an
+agreement to purchase 2,400,000 shares of eight pct convertible
+preferred stock of Cardis Corp -- representing voting control
+-- for 15 mln dlrs.
+    The company said the preferred purchase will be financed by
+an investment group led by Autospa.
+    It said it will also receive from Cardis five-year options
+to buy 2,400,000 Cardis common shares at 6.25 to seven dlrs
+each, depending on the time of exercise, and warrants to
+purchase about 3,200,000 shares at 6.60 to 7.60 dlrs each.
+    The company said the exercise of all options and warrants
+by Autospa would result in a tital investment of 50 to 55 mln
+dlrs.  Execution of a definitive agreement is expected by April
+22, it said, subject to the completion of financing
+arrangements, and closing is expected by May 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="191" NEWID="11963">
+<DATE> 1-APR-1987 10:35:44.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1125&#31;reute
+u f BC-CENTURY-BUSINESS-CRED   04-01 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTURY BUSINESS CREDIT &lt;CPY> TO MAKE STATEMENT</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Century Business Credit Corp said it
+will make an announcement concerning its delay on the American
+Stock Exchange this morning.
+    President Andrew Tananbaum said the announcement will
+follow a regularly-scheduled board meeting.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="192" NEWID="11964">
+<DATE> 1-APR-1987 10:38:13.87</DATE>
+<TOPICS><D>corn</D><D>sunseed</D><D>soybean</D><D>grain</D><D>oilseed</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1137&#31;reute
+u f BC-FRENCH-FARMERS-PLAN-T   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FARMERS PLAN TO CUT MAIZE PLANTINGS</TITLE>
+<DATELINE>    PARIS, April 1 - </DATELINE><BODY>French farmers are planning to cut their
+maize sowings by between 100,000 and 150,000 hectares this year
+from the 1.87 mln ha harvested in 1986, the French Maize
+Producers' Association, AGPM, said.
+    It said its first estimate of planting intentions indicated
+cuts of 15 to 20 pct in plantings in the northern region of
+Picardy and the Paris Basin, which harvested 192,000 ha last
+year.
+    In the centre-west region of Poitou-Charentes, plantings
+were estimated four to seven pct up on last year's harvested
+244,000 ha.
+    Planting intentions in the south-east ranged between nine
+pct less and two pct more than last year's 125,000 ha. In the
+south-west the AGPM said producers intended to plant a similar
+area to last year's 671,100 harvested hectares, provided water
+supplies are adequate in the Midi-Pyrenees region after the
+last two years of drought.
+    Meanwhile, the oilseed plant breeding association, AMSOL,
+said sunflower plantings in France this year are indicated at
+between 900,000 and 950,000 ha against 829,000 harvested last
+year, while soya plantings are indicated at 80,000 ha against
+last year's harvested 48,000.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="193" NEWID="11965">
+<DATE> 1-APR-1987 10:40:20.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1150&#31;reute
+r f BC-U.K.-EXPORT-CREDIT-AG   04-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. EXPORT CREDIT AGENCY CHANGES PREMIUMS</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The U.K. Export Credit Guarantee
+Department (ECGD) said it would change the system of premiums
+it levies from British exporters, reducing their costs when
+they tender for a contract abroad.
+    It said in a statement that the changes involved halving
+the rate of non-refundable premiums levied by the ECGD from
+exporters before the contract they tender for is allocated. The
+rates of additional premium paid by successful tenderers will
+rise.
+ The last overhaul in premiums was in 1984 when charges for
+cover rose sharply after several years of heavy losses.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="194" NEWID="11966">
+<DATE> 1-APR-1987 10:40:25.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1151&#31;reute
+r f BC-WEATHERFORD-INTERNATI   04-01 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEATHERFORD INTERNATIONAL INC &lt;WII> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, April 1 -
+    </DATELINE><BODY>Shr loss 40 cts vs loss 1.30 dlrs
+    Net loss 3,619,000 vs loss 11.3 mln
+    Revs 24.1 mln vs 34.1 mln
+    Year
+    Shr loss 4.36 dlrs vs loss 2.09 dlrs
+    Net loss 38.7 mln vs loss 16.8 mln
+    Revs 104.6 mln vs 133.9 mln
+              
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="195" NEWID="11967">
+<DATE> 1-APR-1987 10:40:32.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1152&#31;reute
+r f BC-PROGRESSIVE-SAVINGS-&lt;   04-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROGRESSIVE SAVINGS &lt;PRSL> 4TH QTR LOSS</TITLE>
+<DATELINE>    ALHAMBRA, Calif., April 1 -
+    </DATELINE><BODY>Shr loss 1.05 dlrs vs profit three cts
+    Net loss 4,477,000 vs profit 107,818
+    Revs 10.9 mln vs 13.8 mln
+    Year
+    Shr loss 79 cts vs profit three cts
+    Net loss 3,364,058 vs profit 123,880
+    Revs 50.9 mln vs 57.2 mln
+    Note: Full name Progressive Savings and Loan Association.
+    Current year figures include 5.1 mln dlr incrase to
+reserves for estimated real estate and loan losses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="196" NEWID="11968">
+<DATE> 1-APR-1987 10:40:55.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1154&#31;reute
+r f BC-ALLIED-SUPERMARKETS-&lt;   04-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED SUPERMARKETS &lt;ASU> FILES PROPOSED MERGER</TITLE>
+<DATELINE>    DETROIT, April 1 - </DATELINE><BODY>Allied Supermarkets Inc said it filed a
+registration statement with the Securities and Exchange
+Commission for a proposed merger with &lt;The Vons Companies>, a
+supermarket, combination store operator.
+    Allied said the statement covers 140 mln dlrs of senior
+subordinated discount debentures and 100 mln dlrs of
+subordinated debentures, principal amounts, with a proposed
+aggregate offering price of about 100 mln dlrs for each issue.
+    Drexel Burnham Lambert Inc and Donaldson, Lufkin and
+Jenrette Securities Inc are co-underwriters of both issues,
+which Allied expects to offer in early June, Allied said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="197" NEWID="11969">
+<DATE> 1-APR-1987 10:41:56.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1161&#31;reute
+u f BC-REAGAN-AIDE-OPTIMISTI   04-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN AIDE OPTIMISTIC ON WINNING HIGHWAY VETO</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Transportation Secretary Elizabeth
+Dole said she was cautiously optimistic the Senate would
+sustain President Reagan's veto of an 88 billion dlr highway
+bill today.
+    "I believe that there will be the votes to sustain the
+president's veto," she said on NBC's "Today" program.
+    But she added, "Whether or not the president wins on this
+particular issue he is a winner because he has stood up for
+fiscal responsibility."
+    The House voted 350-73 yesterday to override Reagan's veto
+but the bill dies unless the Senate also votes by more than
+two-thirds to override the veto and enact the bill into law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="198" NEWID="11970">
+<DATE> 1-APR-1987 10:42:05.32</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyce</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1162&#31;reute
+u f BC-certif-cotton-stocks   04-01 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CERTIFICATED COTTON STOCKS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Certificated cotton stocks deliverable
+on the New York Cotton Exchange No 2 cotton futures contract as
+of March 31 were reported at 36,659 bales, unchanged from the
+previous day's figure. There were no bales awaiting review and
+985 bales awaiting decertification.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="199" NEWID="11971">
+<DATE> 1-APR-1987 10:42:59.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1168&#31;reute
+u f BC-TEXAS-INSTRUMENTS-&lt;TX   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INSTRUMENTS &lt;TXN> OPINION REAFFIRMED</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Texas Instruments Inc, one of the few
+U.S. semiconductor producers expected to benefit directly from
+the Reagan Administration's actions to curtail Japanese dumping
+of chips, received a reaffirmed buy recommendation from Smith
+Barney today.
+    The stock rose four points to 189.
+    Traders said the recommendation by Smith Barney analyst
+James Barlage, which focused on the relief the company will get
+from the dumping situation and the subsequent earnings momentum
+as a result of that action, helped to propel the stock higher
+today.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="200" NEWID="11972">
+<DATE> 1-APR-1987 10:44:00.35</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>stg</D><D>skr</D><D>nkr</D><D>dkr</D><D>dmk</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1174&#31;reute
+u f BC-FINLAND-REVISES-CURRE   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINLAND REVISES CURRENCY BASKET</TITLE>
+<DATELINE>    HELSINKI, April 1 - </DATELINE><BODY>The Bank of Finland said it has revised
+the weightings in its currency basket with effect from today.
+Weightings  match the respective country's share in Finland's
+foreign trade.
+    Weights in percentages compared with former weights.
+    Dollar  9.0 (8.8)
+    Sterling 14.3 (13.8)
+    Swedish crown 20.4 (20.6)
+    Norwegian crown 5.2 (5.2)
+    Danish crown 5.2 (5.3)
+    German mark 19.3 (19.6)
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="201" NEWID="11973">
+<DATE> 1-APR-1987 10:44:19.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1177&#31;reute
+r f BC-AMES-&lt;ADD>-NAMES-NEW   04-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMES &lt;ADD> NAMES NEW CHIEF FINANCIAL OFFICER</TITLE>
+<DATELINE>    ROCKY HILL, Conn., April 1 - </DATELINE><BODY>Ames Department Stores Inc
+said Duane Wolter has been named executive vice president and
+chiedf financial officer, succeeding as chief financial officer
+Ralph M. Shulansky.
+    The company said Shulansky remains senior vice
+president-administration and investor relations.
+    Ames said yesterday that inventory shortages found at its
+Secaucus, N.J., distribution center would hurt results for the
+year ended January 31.
+    Wolter had been senior vice president, finance, and chief
+financial officer of &lt;Rapid-American Corp's> McCrory Corp unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="202" NEWID="11974">
+<DATE> 1-APR-1987 10:44:25.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1178&#31;reute
+r f BC-BALDWIN-PIANO-&lt;BPAO>   04-01 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDWIN PIANO &lt;BPAO> FILES SECONDARY OFFERING</TITLE>
+<DATELINE>    CINCINNATI, April 1 - </DATELINE><BODY>Baldwin Piano and Organ Co said it
+filed a registration statement covering a proposed public
+offering of 630,000 common shares.
+    Of the shares being offered, 490,000 shares will be sold by
+General Electric Credit Corp and 140,000 by other shareholders.
+    William Blair and Co and McDonald and Co will manage the
+underwriting group, Baldwin said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="203" NEWID="11975">
+<DATE> 1-APR-1987 10:44:36.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1179&#31;reute
+d f BC-JARDINE-DECLINES-COMM   04-01 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JARDINE DECLINES COMMENT ON HONGKONG LAND REPORT</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>A spokesman for Jardine Matheson Holdings
+Ltd &lt;JARD.HK> said he could neither confirm nor deny a
+newspaper report which said Jardine was thinking of moving its
+listed property subsidiary &lt;Hongkong Land Ltd> to Bermuda.
+    "I don't know how the report was originated ... I cannot
+comment," the spokesman at Jardine's London office said when
+asked to react to a report in the Daily Telegraph newspaper.
+    The report said Jardine, which moved its place of domicile
+from Hong Kong to Bermuda in the wake of the agreement to
+transfer the British colony back to China in 1997, was
+contemplating a similar move for Hongkong Land.
+    The Daily Telegraph quoted Jardine chairman Simon Keswick
+as saying Hongkong Land was at a crossroads now that all its
+non-property assets as well as its major residential properties
+in Hong Kong are being sold off.
+    This left the company to focus its attention on prime site
+commercial property in Hong Kong's city centre only, it said.
+    "If we can't find any opportunities here we may have to look
+abroad ... If we look abroad the structure of the company
+becomes very important," Keswick was quoted as saying.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="204" NEWID="11976">
+<DATE> 1-APR-1987 10:44:57.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1181&#31;reute
+d f BC-JOHN-O.-BUTLER-CO-&lt;BU   04-01 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHN O. BUTLER CO &lt;BUTC> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    CHICAGO, April 1 -
+    </DATELINE><BODY>Shr 19 cts vs 18 cts
+    Net 1,230,041 vs 1,153,280
+    Sales 10,909,729 vs 9,675,355
+    Six mths
+    Shr 31 cts vs 29 cts
+    Net 2,019,930 vs 1,857,357
+    Sales 21.0 mln vs 17.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="205" NEWID="11977">
+<DATE> 1-APR-1987 10:45:00.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1182&#31;reute
+d f BC-&lt;guillevin-internatio   04-01 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GUILLEVIN INTERNATIONAL INC> YEAR JAN 31 NET</TITLE>
+<DATELINE>    Montreal, April 1 -
+    </DATELINE><BODY>Shr 51 cts vs 36 cts
+    Net 2,543,285 vs 1,686,559
+    Sales 153.2 mln vs 120.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="206" NEWID="11978">
+<DATE> 1-APR-1987 10:45:04.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1183&#31;reute
+h f BC-COSMO-COMMUNICATIONS   04-01 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COSMO COMMUNICATIONS CORP &lt;CSMO> YEAR LOSS</TITLE>
+<DATELINE>    MIAMI, April 1 -
+    </DATELINE><BODY>Shr loss one ct vs loss 2.16 dlrs
+    Net loss 30,000 vs loss 12.4 mln
+    Revs 27.4 mln vs 38.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="207" NEWID="11979">
+<DATE> 1-APR-1987 10:45:10.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1184&#31;reute
+h f BC-LINEAR-&lt;LNER>-SEES-LO   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINEAR &lt;LNER> SEES LOWER COMPARABLE 4TH QTR NET</TITLE>
+<DATELINE>    TULSA, Okla., April 1,  - </DATELINE><BODY>Linear Films Inc said its fourth
+quarter earnings for the period ended March 31, will be lower
+than the 1,235,000 dlrs or 19 cts a share reported in the
+year-ago quarter on sales of 11.8 mln dlrs.
+    The company attributed the lower earnings to narrowing
+profit margins on stretch film.
+    Linear also said it is increasing its stretch film prices
+by six pct effective April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="208" NEWID="11980">
+<DATE> 1-APR-1987 10:45:15.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1185&#31;reute
+h f BC-STAODYNAMICS-INC-&lt;SDY   04-01 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STAODYNAMICS INC &lt;SDYN> 4TH QTR NET</TITLE>
+<DATELINE>    LONGMONT, Colo., April 1 -
+    </DATELINE><BODY>Shr three cts vs six cts
+    Net 54,965 vs 106,147
+    Revs 2,124,983 vs 1,915,928
+    Avg shrs 2,206,017 vs 1,878,438
+    Year
+    Shr 14 cts vs eight cts
+    Net 302,388 vs 157,690
+    Revs 7,952,360 vs 7,495,936
+    Avg shrs 2,139,991 vs 2,051,178
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="209" NEWID="11981">
+<DATE> 1-APR-1987 10:45:21.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1186&#31;reute
+w f BC-1ST-SOURCE-&lt;SRCE>-COM   04-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>1ST SOURCE &lt;SRCE> COMPLETES MERGER</TITLE>
+<DATELINE>    SOUTH BEND, Ind., April 1 - </DATELINE><BODY>1st Source Bank said it
+completed its merger with &lt;Community State Bank> of North
+Liberty, Ind.
+    The bank said Community State Bank's shareholders approved
+the merger at a meeting last Saturday, while Monday the
+directors of 1st Source also approved the move.
+    The merger would add Community Bank's 20 mln dlrs in assets
+to 1st Source's more than one billion dlrs in assets, 1st
+Source said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="210" NEWID="11982">
+<DATE> 1-APR-1987 10:45:30.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1187&#31;reute
+w f BC-FIRST-NATIONAL-BANK-C   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST NATIONAL BANK CORP TO BUY BRANCH</TITLE>
+<DATELINE>    MOUNT CLEMENS, MICH., April 1 - </DATELINE><BODY>First National Bank Corp,
+the newly formed parent of First National Bank in Mount
+Clemens, Mich., and Bankers Fund Life Insurance Co, said it
+reached an agreement to buy a branch in Clinton Township from a
+nonrelated financial institution.
+    It said the acquisition brings to 10 the number of bank
+branches in Macomb County. Terms were not disclosed.
+    Separately, the newly formed holding company also said it
+named Arie Guldemond as chairman and Harold Allmacher as
+president and chief executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="211" NEWID="11983">
+<DATE> 1-APR-1987 10:49:14.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1201&#31;reute
+u f BC-GEORGIA-PACIFIC-&lt;GP>   04-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEORGIA PACIFIC &lt;GP> SEES GAIN FROM SALE</TITLE>
+<DATELINE>    ATLANTA, April 1 - </DATELINE><BODY>Georgia-Pacific Corp said its second
+quarter results will include a gain of 60 mln dlrs pre-tax, or
+34 cts per share after-tax, from the sale of its interest in
+&lt;Georgia Gulf Corp>.
+    The company said it is selling warrants for about 1.8 mln
+shares of Georgia Gulf common stock to Goldman Sachs and Co in
+connection with the 4.8 mln share offering of Georgia Gulf.
+    It said it received the warrants when it agreed to sell its
+commmodity chemical operations to Georgia Gulf in 1984.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="212" NEWID="11984">
+<DATE> 1-APR-1987 10:50:05.95</DATE>
+<TOPICS><D>soybean</D><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1207&#31;reute
+b f BC-/U.S.,-ARGENTINA-SETT   04-01 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., ARGENTINA SETTLE SOYPRODUCT CASE - YEUTTER</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said the United States and Argentina have settled a 
+case brought by the U.S. soybean crushing industry alleging
+unfair subsidies to Argentina's crushing industry.
+    Speaking to an Agribusiness Education forum here late
+yesterday, Yeutter said the case was resolved at a meeting with
+Argentine Agriculture Secretary Ernesto Figuerras during a
+trade ministers' meeting in New Zealand last week.
+    Under a verbal understanding between the two ministers,
+Argentina will soon abolish export taxes on soybeans and
+products, U.S. and Argentine officials said.
+    The U.S. case brought by the U.S. National Soybean
+Processors Association alleged Argentina, through differential
+export taxes, implicitly subsidized domestic soybean crushers.
+    The U.S. crushing industry, in its complaint under Section
+301 of trade law, said higher Argentine export taxes on
+soybeans than on products encourage the export of products and
+represented an unfair trade practice.
+    Yeutter told Figuerras that all agencies of the U.S.
+government supported the U.S. complaint and unless Argentina
+took steps to eliminate the taxes, the United States would
+consider taking further action in the case, U.S. and Argentine
+officials said.
+    An Argentine official here said no timetable was given for
+removal of the Argentine export taxes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="213" NEWID="11985">
+<DATE> 1-APR-1987 10:50:29.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1208&#31;reute
+r f BC-M/A-COM-&lt;MAI>-EXPANDS   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>M/A-COM &lt;MAI> EXPANDS BUYBACK, NAMES PRESIDENT</TITLE>
+<DATELINE>    BURLINGTON, Mass., April 1 - </DATELINE><BODY>M/A-Com Inc said its board
+authorized the repurchase of up to five mln of the company's
+common shares from time to time in the open market or private 
+transactions.
+    The company also said its board named Thomas Burke
+president and chief executive officer.
+    The buyback authorization is in addition to a previous
+approval last September to repurchase 12 mln shares.
+    The company currently has about 32.2 mln shares
+outstanding, after completion of the buyback of nearly all of
+the 12 mln shares, a spokesman said.
+    The repurchase of the additional five mln shares will
+depend on market conditions, the telecommunications and
+microwave components company said.
+    Burke, 57, has been chief operating officer of M/A-Com
+since last November. Before that he was executive vice
+president, finance and administration.
+    In February 1986, M/A-Com's former chairman, president and
+chief executive, Richard DiBona, suffered a stroke. After that,
+director Frank Brand, who had been executive vice president,
+was named acting chief executive and director Irving Hellman
+was named acting chairman.
+    Brand and Hellman gave up their interim posts yesterday,
+the spokesman said, adding the company will have no chairman
+for the time being.
+    In a statement, Burke said he plans to announce a major
+change in the company's organization in the next few days. The
+spokesman declined to elaborate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="214" NEWID="11986">
+<DATE> 1-APR-1987 10:50:48.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1209&#31;reute
+r f BC-CIBA-GEIGY-UNIT-SPINS   04-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIBA-GEIGY UNIT SPINS OFF INTO OPERATING GROUP</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>&lt;Ciba-Geigy Ltd> announced the
+formation of its Ciba Vision Group, becoming the first group
+within the corporate structure to carry the Ciba name.
+    The Swiss-based pharmaceutical giant said the new group,
+which formerly operated under its U.S. pharmaceutical division,
+represents the first time Ciba has developed an operating group
+from within its corporate structure.
+    It said other operating groups have been established
+through acquisitions.
+    Ciba's Vision Group will be headed by James MacDonald,
+president and chief operating officer.
+    MacDonald said the group will be based outside of
+Frankfurt, W. Germany, near its research and development
+facility.
+    Sales from the group in 1986 were approximately 160 mln
+dlrs, the company said.
+    "The designation of Ciba Vision as an independent operating
+group underscores Ciba-Geigy's anticipation of continued
+growth," MacDonald told a group of reporters. 
+    Silvano Ghirardi, head of the group's international
+marketing operations, said he expects Ciba Vision to become
+possibly the second leading vision care products company in the
+industry by the end of the year. Bausch and Lomb &lt;BOL>, he
+said, was the industry leader.
+    "Right now we are trying to solidify the group and bring it
+together under one group," Ghirardi said.
+    Ghiirardi told Reuters the group considered Japan one of
+the prime markets in which it intends to expand.
+    MacDonald told reporters the group planned to expand
+through acquisition and internal growth.
+    He said Ciba Vision's sales have grown an average of more
+than 200 pct a year since 1981, the year after the group was
+formed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="215" NEWID="11987">
+<DATE> 1-APR-1987 10:52:03.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>fse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1217&#31;reute
+u f BC-GERMAN-BOURSE-TURNOVE   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BOURSE TURNOVER FOR FIRST QUARTER DETAILED</TITLE>
+<DATELINE>    FRANKFURT, April 1 - </DATELINE><BODY>Share and bond turnover on all eight
+West German bourses in the first 1987 quarter was valued at
+483.4 billion marks, according to the new method of calculating
+turnover, the Association of German bourses said in a
+statement.
+    The statement, however, did not give figures on the total
+number of share and bond units transacted.
+    While shares posted a turnover worth 187.9 billion marks,
+bond turnover was 295.4 billion marks. No comparative figures
+were available because of the new method of calculation.
+    In March, share and bond turnover rose 28 pct to 181.1
+billion marks from the previous month, reversing the sharp
+turnover drop in February. Average daily turnover rose to 8.2
+billion marks against 7.0 billion in February.
+    Bond turnover jumped 33 pct to 113.3 billion marks in
+March, giving an average transaction value of 455,000 marks
+each on the total 249,000 transactions. More than 90 pct of the
+turnover was in public authority bonds.
+    Share turnover rose 22 pct to 67.8 billion marks. With 1.5
+mln deals, share transactions averaged 45,000 marks each.
+    German shares accounted for Nearly 80 pct of share
+turnover. Foreign shares took up over eight pct and domestic
+and foreign options, about 12 pct. Deutsche Bank &lt;DBKG.F> was
+the most traded share in March, with 4.7 billion marks worth
+changing hands. Siemens &lt;SIEG.F> was next with 4.5 billion
+marks, Bayer &lt;BAYG.F> 4.0 billion, Volkswagen &lt;VOWG.F> 3.4
+billion, Daimler-Benz &lt;DAIG.F> 3.4 billion, Veba &lt;VEBG.F> 2.4
+billion, Dresdner Bank &lt;DRSD.F> 2.0 billion, Hoechst &lt;HFAG.F>
+2.0 billion, BASF &lt;BASF.F> 1.8 billion and AEG AG &lt;AEGG.F> 1.5
+billion. Trading in these 10 shares accounted for 44 pct of
+total share turnover.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="216" NEWID="11988">
+<DATE> 1-APR-1987 10:52:22.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1220&#31;reute
+r f BC-ASARCO-&lt;AR>-OFFERS-3.   04-01 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASARCO &lt;AR> OFFERS 3.5 MLN SHARES COMMON STOCK</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Asarco Inc said it made a public
+offering of 3,500,000 shares of its common stock today through
+an underwriting group led by The First Boston Corp.
+    This is an increase of 500,000 shares from the
+previously-announced registration, the company said.
+    The stock is being offered at 22.50 dlrs per share, the
+company said. The proceeds will be used to reduce the company's
+outstanding indebtedness, it added.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="217" NEWID="11989">
+<DATE> 1-APR-1987 10:52:47.01</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1224&#31;reute
+u f BC-CONTINENTAL-ILLINOIS   04-01 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL ILLINOIS &lt;CIL> RAISES PRIME RATE</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>Continental Illinois Corp said it has
+raised its prime rate to 7-3/4 from 7-1/2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="218" NEWID="11990">
+<DATE> 1-APR-1987 10:54:04.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1235&#31;reute
+r f BC-THOUSAND-TRAILS-INC-&lt;   04-01 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOUSAND TRAILS INC &lt;TRLS> YEAR LOSS</TITLE>
+<DATELINE>    BELLEVUE, Wash., April 1 -
+    </DATELINE><BODY>Shr loss 4.87 dlrs vs profit 16 cts
+    Net loss 50,422,000 vs profit 1,788,000
+    Revs 113.4 mln vs 173.7 mln
+    Note: Current year figures include 33.3 mln dlr after-tax
+writedown of land and improvements, a 5.6 mln dlr increase in
+allowance for doubtful accounts and after-tax gain of three mln
+dlrs on debt retirement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="219" NEWID="11991">
+<DATE> 1-APR-1987 10:54:12.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1236&#31;reute
+r f BC-GENETICS-&lt;GENI>,-WELL   04-01 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENETICS &lt;GENI>, WELLCOME NAME SITE FOR VENTURE</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., April 1 - </DATELINE><BODY>Genetics Institute Inc and
+Wellcome PLC, a British-based pharmaceutical company, jointly
+announced the selection of a site for their joint venture,
+WelGen Manufacturing Inc, formed last September.
+    The companies said they choose a 77-acre site in West
+Greenwich R.I. for the venture's manufacturing facility, which
+will make biotechnology-based pharmaceuticals. The plant should
+be completed in 1989, and will employ about 200 people.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="220" NEWID="11992">
+<DATE> 1-APR-1987 10:54:44.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>howard-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1240&#31;reute
+d f AM-REAGAN-APPOINTMENT   04-01 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOWARD BAKER AIDE EXPECTED TO GET TOP JOB</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The White House is expected today to
+name Thomas Griscom, a longtime aide to chief of staff Howard
+Baker, as President Reagan's communications director.
+    Officials said an announcement was expected to be made
+during Reagan's trip to Philadelphia where the president is to
+make a speech to a group of doctors on the deadly disease AIDS
+(Acquired Immune Deficiency Syndrome).
+    Griscom, 37, was brought into the White House by former
+Senator Baker to help with the transition after Baker was named
+chief of staff following the resignation of Donald Regan in the
+wake of the Iran arms scandal.
+    He will take the job vacated by Patrick Buchanan, a
+high-profile conservative, who served two years as
+communications director.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="221" NEWID="11993">
+<DATE> 1-APR-1987 10:54:48.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1241&#31;reute
+w f BC-VISTA-ORGANIZATION-LT   04-01 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VISTA ORGANIZATION LTD &lt;VISA> YEAR NET</TITLE>
+<DATELINE>    NEW YORK, April 1 -
+    </DATELINE><BODY>Shr profit one ct vs loss nine cts
+    Net profit 177,061 vs loss 1,364,878
+    Revs 5,913,334 vs 487,121
+    Avg shrs 18.6 mln vs 15.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="222" NEWID="11994">
+<DATE> 1-APR-1987 10:54:52.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1242&#31;reute
+s f BC-TCA-CABLE-TV-INC-&lt;TCA   04-01 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TCA CABLE TV INC &lt;TCAT> SETS QUARTERLY</TITLE>
+<DATELINE>    TYLER, Texas, April 1 -
+    </DATELINE><BODY>Qtly div six cts vs six cts prior
+    Pay April 23
+    Record April Nine
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="223" NEWID="11995">
+<DATE> 1-APR-1987 10:55:29.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1246&#31;reute
+r f BC-GEORGIA-GULF-SECONDAR   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEORGIA GULF SECONDARY OFFERING UNDERWAY</TITLE>
+<DATELINE>    ATLANTA, April 1 - </DATELINE><BODY>Four mln common shares of &lt;Georgia Gulf
+Corp> common stock are being sold at 34.25 dlrs a share, said
+sole manager of the underwriting, Goldman Sachs and Co.
+    In addition, 800,000 shares will be offered overseas in an
+offering managed by Goldman Sachs International Corp.
+    It said General Electric Co's &lt;GE> General Electric Credit
+Corp and Georgia-Pacific Corp &lt;GP> are selling the shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="224" NEWID="11996">
+<DATE> 1-APR-1987 10:55:36.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1247&#31;reute
+d f BC-MONSANTO-&lt;MTC>-INVEST   04-01 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONSANTO &lt;MTC> INVESTS IN BIOTECHNOLOGY &lt;BIOD></TITLE>
+<DATELINE>    NEWTON, Mass., April 1 - </DATELINE><BODY>Biotechnology Development Corp
+said its Medicontrol Corp subsidiary received a 500,000 dlr
+investment by Monsanto Co's G.D. Searle and Co subsidiary.
+    The company said the investment was made pursuant to an
+option Searle held, and increases Searle's stake in Medicontrol
+to 19.8 pct with a total investment of one mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="225" NEWID="11997">
+<DATE> 1-APR-1987 10:59:22.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f1265&#31;reute
+r f BC-CHASE-&lt;CMB>-BUYS-BORG   04-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHASE &lt;CMB> BUYS BORG-WARNER &lt;BOR> UNIT</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Chase Manhattan Corp said Chase
+Trans-Info, a subsidiary of its Chase Manhattan Bank N.A. unit,
+has bought Borg-Warner Corp's Traffic Services business,
+including an Illinois processing center, for an undisclosed
+sum.
+    Borg Warner Traffic Services provides freight bill
+pre-audit, payment and information services to industry through
+Borg-Warner Acceptance Corp.
+    Chase Trans-Info, which offers similar services, is now the
+largest provider of information services for the transportation
+industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="226" NEWID="11998">
+<DATE> 1-APR-1987 11:00:56.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1273&#31;reute
+u f BC-TREASURY-STRENGTHENS   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY STRENGTHENS TAX ENFORCEMENT, BAKER SAYS</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Treasury Secretary James Baker said
+his department needs additional funds next year to ensure a
+smooth transition to the new tax code and to strengthen
+enforcement of the tax laws.
+    In testimony prepared for a House Appropriations
+subcommittee, Baker said the Treasury expects the lower
+marginal tax rates in last year's tax reform law to themselves
+promote taxpayer compliance and bring in additional revenue.
+    The Treasury is requesting 7.2 billion dlrs for the fiscal
+year beginning Oct. 1. Its current year budget is 6.5 billion
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="227" NEWID="11999">
+<DATE> 1-APR-1987 11:03:17.39</DATE>
+<TOPICS><D>acq</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1285&#31;reute
+r f BC-MOUNTAIN-STATES-&lt;MTSR   04-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOUNTAIN STATES &lt;MTSR> ADDES TWO PROPERTIES</TITLE>
+<DATELINE>    SALT LAKE CITY, April 1 - </DATELINE><BODY>Mountain States Resources Corp
+said it acquired two properties to its strategic minerals
+holdings.
+    The acquisitions bring to its land position a total of
+5,100 acres of titanium, zirconium and rare earth resources,
+the company said.
+    Both properties, located in southern Utah, consist of
+approximately 1,430 acres of unpatented mining claims and one
+state lease, it said.
+    The company also announced the formation of Rare Tech
+Minerals Inc, a wholly-owned subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="228" NEWID="12000">
+<DATE> 1-APR-1987 11:03:23.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1286&#31;reute
+r f BC-BORDEN-&lt;BN>-CALLS-4-3   04-01 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORDEN &lt;BN> CALLS 4-3/8 PCT DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Borden Inc said it called for
+redemption on May one its outstanding 605,000 dlrs of 4-3/8 pct
+sinking fund debentures due 1991.
+    It will buy back the debentures at par plus accrued
+interest of 18.23 dlrs for each 1,000 dlr debenture.
+    The trustee is Chase Manhattan Bank N.A. and the paying
+agency is Chemical Bank, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-012.sgm b/textClassication/reuters21578/reut2-012.sgm
new file mode 100644
index 0000000..5240530
--- /dev/null
+++ b/textClassication/reuters21578/reut2-012.sgm
@@ -0,0 +1,33109 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="229" NEWID="12001">
+<DATE> 1-APR-1987 11:04:07.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1288&#31;reute
+s f BC-REPUBLIC-SAVINGS-AND   04-01 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC SAVINGS AND LOAN &lt;RSLA> SETS DIVIDEND</TITLE>
+<DATELINE>    MILWAUKEE, Wis., April 1 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Pay April 27
+    Record April 13
+    NOTE: Company's full name is Republic Savings and Loan
+Association of Wisconsin.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="230" NEWID="12002">
+<DATE> 1-APR-1987 11:04:40.35</DATE>
+<TOPICS><D>wheat</D><D>corn</D><D>soybean</D><D>grain</D><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1292&#31;reute
+u f BC-/SHULTZ-USSR-TRIP-FUE   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ USSR TRIP FUELS TALK OF EEP WHEAT OFFER</TITLE>
+<AUTHOR>    By Nelson Graves, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Speculation the United States will
+offer subsidized wheat to the Soviet Union appears to have
+reached a new level of intensity in the run-up to Secretary of
+State George Shultz' visit later this month to Moscow.
+    Rumors of an impending deal have coursed through wheat
+markets since officials from the two countries held their
+customary, semi-annual grain talks in February. Moscow's
+decision at that time to reenter the U.S. corn market
+strengthened the perception of warming farm trade prospects.
+    Shultz is set to arrive in Moscow April 13.
+    Shultz' statement two weeks ago that he would not stand in
+the way of a wheat subsidy offer under the Export Enhancement
+Program, EEP, coupled with the announcement of his visit to
+Moscow, was interpreted by many grain trade representatives
+here as a clear signal that the Reagan administration was
+preparing an offer.
+    Administration officials -- in and out of the U.S.
+Agriculture Department -- have been extremely tight-lipped
+about the prospects of a subsidy offer.
+    But USDA officials for the most part have abandoned the
+contention the proposal is dormant, suggesting that an offer,
+while not a "done deal," is a live possibility.
+    Prominent U.S. grain trade representatives -- many of whom
+asked not to be identified -- continue to maintain that an
+offer to subsidize four mln tonnes of wheat is imminent.
+    Others, who one month ago claimed a deal was not possible,
+are saying they would not rule one out.
+    Rep. Pat Roberts, R-Kan., yesterday went so far as to
+predict a subsidy offer would be made within the next ten days
+to two weeks.
+    Aides to Roberts said he had spoken to Republican leaders
+who had been in contact with administration officials.
+    Richard Fritz, director of international marketing at U.S.
+Wheat Associates, said he was confident an export enhancement
+offer would be made by the middle of this month.
+    Fritz also said he thought the value of the bonus would end
+up being close to the offer Washington made Peking earlier this
+year when USDA approved subsidies to China of around 36 dlrs
+per tonne on one mln tonnes of wheat.
+    Some grain trade representatives say a four-mln-tonne wheat
+subsidy offer might help stimulate more Soviet purchases of
+U.S. corn and open the door to U.S. sales of soybeans.
+    As ever, one of the crucial sticking points in a wheat deal
+would appear to be price.
+    Last summer the administration took the controversial step
+of offering the Soviets subsidized wheat -- but were
+embarrassed when Moscow spurned the proposal on the grounds
+that the 15-dlr-per-tonne subsidy still left U.S. wheat prices
+far above world market prices.
+    The administration's decision to set the subsidy level up
+front instead of accepting bids from exporters appeared to be a
+means of controlling the price while attempting to dampen
+criticism, grain trade sources said.
+    Nonetheless, the pricing procedure did not prevent Shultz
+from saying the Soviets were "chortling" because Washington was
+offering Soviet housewives cheaper grain than that available to
+U.S. housewives.
+    The conventional wisdom among grain trade representatives
+here is that a general warming of relations between the two
+countries since last summer, combined with continued hard times
+in the U.S. grain belt, would favor a subsidy offer.
+    In addition, the USSR has made it clear it would consider
+buying U.S. wheat if it were priced more competitively.
+    However, observers have not forgotten the circumstances
+surrounding the administration's announcement of the wheat
+subsidy offer last summer.
+    Up until the time of the announcment, congressional and
+industry leaders were led to believe the White House had
+decided to expand the Export Enhancement Program to include not
+only the Soviets, but also a much broader list of countries.
+    Instead, the administration scaled back the offer to
+include only the Soviets.
+    That last-minute change of heart adds a measure of
+uncertainty even to the predictions of those most convinced
+that the administration will not now pass up the opportunity to
+sell four mln tonnes of wheat to the Soviet Union.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="231" NEWID="12003">
+<DATE> 1-APR-1987 11:05:07.78</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1295&#31;reute
+b f BC-KAINES-CONFIRMS-WHITE   04-01 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAINES CONFIRMS WHITE SUGAR SALES TO INDIA</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>London-based sugar operator Kaines Ltd
+confirmed it sold two cargoes of white sugar to India out of an
+estimated overall sales total of four or five cargoes in which
+other brokers participated.
+    The sugar, for April/May and April/June shipment, was sold
+at between 214 and 218 dlrs a tonne cif, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="232" NEWID="12004">
+<DATE> 1-APR-1987 11:09:07.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1325&#31;reute
+r f BC-LUXTEC-&lt;LUXT>-CUTS-WA   04-01 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUXTEC &lt;LUXT> CUTS WARRANT EXERCISE PRICE</TITLE>
+<DATELINE>    STURBRIDGE, Mass., April 1 - </DATELINE><BODY>Luxtec Corp said it has
+reduced the exercise price of its Class B common stock purchase
+warrants to one dlr from two dlrs from today through June 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="233" NEWID="12005">
+<DATE> 1-APR-1987 11:09:11.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1326&#31;reute
+r f BC-&lt;THL-HOLDINGS-INC>-YE   04-01 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;THL HOLDINGS INC> YEAR JAN 31 NET</TITLE>
+<DATELINE>    CANTON, Mass., April 1 -
+    </DATELINE><BODY>Oper net 94.4 mln vs 74.1 mln
+    Revs 1.3 bilion vs 1.2 billion
+    NOTE: THL is parent to SCOA Industries Inc, acquired in a
+leveraged buyout in December 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="234" NEWID="12006">
+<DATE> 1-APR-1987 11:09:19.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1327&#31;reute
+d f BC-GUARDIAN-ROYAL-SEES-E   04-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUARDIAN ROYAL SEES EXPANSION IN LIFE ASSURANCE</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Insurance group Guardian Royal Exchange
+Plc &lt;GREX.L> said it would expand its life assurance business
+and push further into European markets, but that U.K.
+Underwriting losses remained a heavy drag on profits.
+    Earlier, the group had announced sharply increased pre-tax
+profits of 143.8 mln stg for calendar 1986, versus 3.5 mln the
+previous year.
+    "We are anxious to develop our life assurance business,"
+group managing director Peter Dugdale told a news conference.
+"If we have a thrust for the coming years, it is probably best
+to spend more time on life in the U.K. And abroad," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="235" NEWID="12007">
+<DATE> 1-APR-1987 11:09:50.05</DATE>
+<TOPICS><D>acq</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1330&#31;reute
+d f BC-MOUNTAIN-STATES-ADDS   04-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOUNTAIN STATES ADDS TWO MINERALS PROPERTIES</TITLE>
+<DATELINE>    SALT LAKE CITY, April 1 - </DATELINE><BODY>Mountain States Resources Corp
+said it acquired two properties to add to its strategic
+minerals holdings.
+    The acquisitions include a total of 5,100 acres of
+titanium, zirconium and rare earth resources, the company said.
+    Both properties, located in southern Utah, consist of
+approximately 1,430 acres of unpatented mining claims and one
+state lease, it said.
+    The company also announced the formation of Rare Tech
+Minerals Inc, a wholly-owned subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="236" NEWID="12008">
+<DATE> 1-APR-1987 11:10:45.38</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1333&#31;reute
+b f BC-Restoration-of-coffee   04-01 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RESTORATION OF COFFEE EXPORT QUOTAS BEFORE
+ OCTOBER SEEMS UNLIKELY - ICO PRODUCER DELEGATES
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="237" NEWID="12009">
+<DATE> 1-APR-1987 11:11:41.60</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1337&#31;reute
+d f BC-SHULTZ-USSR-TRIP-FUEL   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ USSR TRIP FUELS TALK OF EEP WHEAT OFFER</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Speculation the United States will
+offer subsidized wheat to the Soviet Union appears to have
+reached a new level of intensity in the run-up to Secretary of
+State George Shultz' visit later this month to Moscow.
+    Rumors of an impending deal have coursed through wheat
+markets since officials from the two countries held their
+customary, semi-annual grain talks in February. Moscow's
+decision at that time to reenter the U.S. corn market
+strengthened the perception of warming farm trade prospects.
+    Shultz is set to arrive in Moscow April 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="238" NEWID="12010">
+<DATE> 1-APR-1987 11:11:46.21</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1338&#31;reute
+r f BC-FREDDIE-MAC-ADJUSTS-S   04-01 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREDDIE MAC ADJUSTS SHORT-TERM DISCOUNT RATES</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Federal Home Loan Mortgage Corp
+adjusted the rates on its short-term discount notes as follows:
+   MATURITY   RATE       OLD RATE  MATURITY
+    32 days   6.00 pct   6.10 pct   1 day
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="239" NEWID="12011">
+<DATE> 1-APR-1987 11:12:00.71</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>brazil</D><D>guatemala</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1340&#31;reute
+b f BC-COFFEE-QUOTAS-BEFORE   04-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO QUOTAS BEFORE OCTOBER UNLIKELY - DELEGATES</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The restoration of coffee export quotas
+before the end of the current 1986/87 coffee year (Oct 1/Sept
+30) now seems unlikely, given reluctance by International
+Coffee Organization, ICO, producers and consumers to resume
+negotiations on an interim quota accord, producer delegates
+told reporters.
+    Consumers and most producers see no point in reopening the
+quota dialogue while Brazil's position remains unchanged, they
+said.
+    Brazil's refusal to accept a reduction in its previous 30
+pct share of the ICO's global export quota effectively
+torpedoed talks here last month aimed at restoring quotas
+before October, the delegates noted.
+    Disappointment at the lack of progress on quotas forced
+coffee futures in London and New York to new lows today,
+traders here said. Near May in New York fell below one dlr in
+early trading at around 99.10 cents per pound, traders said.
+    Producer delegates said that while the possibility of
+reimposing quotas before October remained on the ICO agenda, in
+practice the idea had effectively been discarded.
+    The ICO's executive board session here this week has so far
+barely touched on the quota debate, demonstrating general
+unwillingness to revive talks while chances of success are
+still remote, producer delegates said.
+    Some producers are in no hurry to see quotas restored,
+despite the price collapse seen since the failure of last
+month's negotiations, they said.
+    "With Brazil's frost season approaching, who wants to
+negotiate quotas," one leading producer delegate said.
+    Coffee prices normally rise during Brazil's frost season
+(mainly June-August) as dealers and roasters build up stocks as
+insurance against possible severe frost damage to Brazil's
+crop.
+    Many producers are more interested in working towards
+reimposing quotas from October 1, based on a new system of
+quota allocations valid until the International Coffee
+Agreement expires in 1989, they said.
+    Guatemala has already proposed the "other oilds" producer
+group should meet in the next two months to begin talks on how
+to allocate quota shares.
+    Producers still seem divided on how to overhaul the quota
+distribution system, with some producer delegates reporting
+growing support for a radical reallocation, based on the
+principle of "objective criteria" favoured by consumers.
+    At last month's council session a splinter group of small
+producers backed consumer demands for new quota shares based on
+exportable production and stocks, while Brazil, Colombia and
+the rest of the producers favoured leaving quota allocations
+unchanged, except for some temporary adjustments.
+    A delegate from one of the eight said more producers now
+supported their cause.
+    The delegate said unless major producers like Brazil showed
+readiness to negotiate new quota shares, prospects for a quota
+accord in October also looked bleak.
+    The U.S. and most other consumers are still determined to
+make reimposition of quotas conditional on a redistribution of
+quota shares based on "objective criteria."
+    ICO observers remained sceptical that Brazil would be
+prepared to accept a quota reduction when the ICO council meets
+in September.
+    Brazil has adopted a tough stance with banks on external
+debt negotiations and is likely to be just as tough on coffee,
+they said.
+    They said Brazil's reluctance to open coffee export
+registrations might reflect fears this would provoke another
+price slide and force an emergency ICO council session, which
+would most likely end in failure.
+    Producers met this afternoon to review the market situation
+but had only a general discussion about how further
+negotiations should proceed, a producer delegate said.
+    Producers plan to hold consultations on quotas, and then
+may set a date for a formal producer meeting, but plans are not
+fixed, he said.
+    The ICO executive board reconvened at 1650 hours local time
+to hear a report from consultants on ICO operations. The board
+meeting looks set to end today, a day earlier than scheduled,
+delegates said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="240" NEWID="12012">
+<DATE> 1-APR-1987 11:13:10.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1346&#31;reute
+f f BC-******AMERICAN-MOTORS   04-01 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN MOTORS MARCH U.S. CAR OUTPUT DOWN TO 2,578 FROM
+5,922
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="241" NEWID="12013">
+<DATE> 1-APR-1987 11:16:02.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE><D>mikulic</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1350&#31;reute
+h f BC-YUGOSLAVIA-WINS-TIME   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA WINS TIME IN PARIS CLUB REFINANCING</TITLE>
+<DATELINE>    BELGRADE, April 1 - </DATELINE><BODY>Yugoslavia has won breathing space from
+its major official creditors through yesterday's Paris Club
+refinancing agreement but it will take time for it to resolve
+its economic crisis, economists at western embassies said.
+    Yugoslav delegation chief Finance Minister Svetozar
+Rikanovic said a refinancing was agreed for 475 mln dlrs of
+debt falling due between May 16 this year and May 31, 1988.
+    The agreement was the second multi-year Yugoslav debt
+refinancing, based on a protocol signed last May which ushered
+in "enhanced monitoring" of Yugoslavia's economy by the IMF.
+    Western economists who follow Yugoslav financial affairs
+said a similar deal would probably emerge from talks with
+commercial creditors at the end of this month. But they said
+the refinancings would only provide a breathing space, because
+Yugoslavia has to repay 5.5 billion dlrs in 1987.
+    And the country is still struggling to reverse a dramatic
+decline in export earnings, which have fallen 12.5 pct so far
+this year, continuing a downward spiral of the past 18 months.
+    The Yugoslav hard currency debt has grown from 1.2 billion
+dlrs in 1965 to stand at 19.7 billion dlrs at the end of 1986
+and is one of the country's most dire economic problems.
+    The debt began to snowball in the 1960s and 1970s due to an
+excessive investment rate exceeding the growth of the Gross
+Social Product and necessitating additional foreign borrowing.
+    Rising international oil prices in the 1970s proved to be a
+serious blow to the country's balance of payments.
+    Deputy Prime Minister Milos Milosavljevic said this month
+that Yugoslavia had repaid 640 mln dlrs of principal and 325
+mln dlrs of interest so far this year.
+    According to official Yugoslav figures, Yugoslavia repaid a
+record 5.97 billion dlrs in capital and interest in 1986,
+reducing overall indebtedness by 996 mln dlrs.
+    Mikulic is trying to rein in rampant retail inflation of
+almost 100 pct a year through price and incomes controls.
+    Janez Zemljaric, also a Deputy Prime Minister, said
+recently Yugoslavia expected a "definite measure of
+understanding" from its 16 major western creditor nations.
+    Western economists said Yugoslavia has had its way with the
+Paris Club creditors but that not all creditors were satisfied
+with its economic performance last year. They said the Paris
+discussions were heated and emotional.
+    "Economic factors were balanced by political realities," an
+economist at one of the main embassies here said, but added
+that creditors had no complaints regarding Yugoslavia's
+repayment record because it had so far always repaid debts on
+time.
+    Yugoslavia has refinanced its debt regularly since 1983.
+    In December 1985, it signed a deal with the International
+Coordinating Committee of 600 commercial banks to refinance
+maturities arising between January 1, 1985 and end-1988.
+    It had signed bilateral refinancing agreements in March of
+that year for maturities arising from January 1, 1985 to March
+25, 1986, following an agreement in Paris on March 25, 1985.
+    Government ministers told Reuters this month that
+Yugoslavia had made too great an effort to repay its debts in
+1986, at great cost to the economy, and that this was
+regretted.
+    Mikulic has said Yugoslavia is unlikely to follow Brazil's
+lead and suspend its debt repayments "but we have understanding
+for what that country did."
+    Western economists said, however, that Mikulic's remarks,
+taken with those of his ministers, could be a signal that some
+problems were seen ahead in refinancing debt repayments.
+    Before the Paris talks, some Yugoslav officials had hinted
+that Yugoslavia could start to look to the Soviet Bloc for
+financial support if Belgrade failed to secure the necessary
+refinancing from western creditors.
+    Sources close to the western creditors, however, said they
+did not view the threat as serious.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="242" NEWID="12014">
+<DATE> 1-APR-1987 11:16:55.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1353&#31;reute
+u f BC-(GEOFFRION-LECLERC-IN   04-01 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(GEOFFRION LECLERC INC) SIX MTHS NET</TITLE>
+<DATELINE>    MONTREAL, April 1 -
+    </DATELINE><BODY>Shr 39 cts vs 26 cts
+    Net 3,466,000 vs 1,913,000
+    Revs 27.7 mln vs 19.4 mln
+    Note: period ended February 28. REUTER
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="243" NEWID="12015">
+<DATE> 1-APR-1987 11:19:36.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1358&#31;reute
+r f BC-ALLIED-SUPERMARKETS-&lt;   04-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED SUPERMARKETS &lt;ASU> FILES FOR OFFERING </TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Allied Supermarkets Inc said it filed
+with the Securities and Exchange Commission a registration
+statement covering 240 mln dlrs of debt securities.
+    The company plans to offer 140 mln dlrs of senior
+subordinated discount debentures and 100 mln dlrs of
+subordinated debentures.
+    Proceeds will be used to finance Allied's acquisition of
+Vons Cos Inc.
+    Allied named Drexel Burnham Lambert Inc and Donaldson,
+Lufkin and Jenrette Securities Corp as co-underwriters of both
+offerings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="244" NEWID="12016">
+<DATE> 1-APR-1987 11:19:44.38</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1359&#31;reute
+r f BC-FHLBB-CHANGES-SHORT-T   04-01 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Federal Home Loan Bank Board
+adjusted the rates on its short-term discount notes as follows:
+    MATURITY   NEW RATE  OLD RATE  MATURITY
+                         5.00 pct    30-69 days
+                         5.92 pct    70-88 days
+  30-123 days  5.00 pct  5.00 pct   89-123 days
+ 124-150 days  5.93 pct  5.93 pct  124-150 days
+ 151-349 days  5.00 pct  5.00 pct  151-349 days
+ 350-360 days  5.98 pct  5.98 pct  350-360 days
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="245" NEWID="12017">
+<DATE> 1-APR-1987 11:20:01.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1361&#31;reute
+r f BC-TOWLE-MANUFACTURING-C   04-01 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOWLE MANUFACTURING CO &lt;QTOW> YEAR LOSS</TITLE>
+<DATELINE>    BOSTON, April 1 -
+    </DATELINE><BODY>Oper shr loss 4.71 dlrs vs loss 14.09 dlrs
+    Oper loss 22 mln vs loss 67.2 mln
+    NOTE: 1986 loss excludes gain on the sale of Gold Lance
+Corp of 12.1 mln dlrs. Company is operating under chapter 11.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="246" NEWID="12018">
+<DATE> 1-APR-1987 11:21:36.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1366&#31;reute
+f f BC-******DELTA-AIR-LINES   04-01 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DELTA AIR LINES COMPLETES ACQUISITION OF WESTERN AIR
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="247" NEWID="12019">
+<DATE> 1-APR-1987 11:22:14.20</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1370&#31;reute
+f f BC-******TREASURY'S-BAKE   04-01 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS HE HOPES PRIME RATE INCREASES
+TEMPORARY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="248" NEWID="12020">
+<DATE> 1-APR-1987 11:23:07.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1371&#31;reute
+u f BC-NEW-MONTREAL-NEWSPAPE   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW MONTREAL NEWSPAPER FOLDS</TITLE>
+<DATELINE>    MONTREAL, April 1 - </DATELINE><BODY>Le Matin, the French-language tabloid
+launched here in February, said it is shutting down its
+operations because it can no longer get financing.
+    The paper, launched by private investors, was Montreal's
+fourth French-language newspaper and was aimed at readers with
+above average incomes and educations. It had a daily
+circulation of about 20,000 copies.
+    Le Matin was printed and distributed by (Southam Inc)'s
+Montreal Gazette newspaper. A Gazette spokesman said his
+newspaper is Le Matin's biggest creditor but he declined to
+reveal the amount of debt
+    Acting publisher Jean-Pierre Bordua said the newspaper's
+bank blocked its lines of credit after three of the paper's
+senior managers resigned Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="249" NEWID="12021">
+<DATE> 1-APR-1987 11:24:00.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1377&#31;reute
+r f BC-TOWLE-&lt;QTOW>-STOCK-MA   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOWLE &lt;QTOW> STOCK MAY BE DILUTED, CANCELED</TITLE>
+<DATELINE>    BOSTON, Mass., April 1 - </DATELINE><BODY>Towle Manufacturing Co, in Chapter
+11 of the U.S. bankruptcy code, said any plan of reorganization
+would likely lead to a dilution or cancellation of its common
+and preferred stock.
+    The company also said claims for subordinated debentures
+would likely be paid at less than their 100 pct of their face
+value, and general unsecured claims would likely be paid
+without interest. The company has not yet filed a plan of
+reorganization.
+    The company said it lost 22 mln dlrs from operations in
+1986 against a loss of 67.2 mln dlrs a year ago.
+    The company also said its independent accountants
+disclaimed an opinion on the financial statements for 1986
+because of questions about its contination as a going concern.
+    The company said, however, it substantially restructured
+its business, reducing borrowings on an outstanding credit line
+to 16.5 mln dlrs in 1986 from 57 mln dlrs a year ago. The
+company also cut its staff to 820 employees at the end of 1986
+from 2,500 a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="250" NEWID="12022">
+<DATE> 1-APR-1987 11:24:06.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1378&#31;reute
+d f BC-SOUTH-ATLANTIC-FINANC   04-01 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH ATLANTIC FINANCIAL CORP &lt;SOAF> 4TH QTR</TITLE>
+<DATELINE>    STAMFORD, Conn., April 1 -
+    </DATELINE><BODY>Shr 12 cts vs 33 cts
+    Net 699,037 vs 1,349,077
+    Year
+    Shr 54 cts vs 55 cts
+    Net 2,748,280 vs 1,833,766
+    NOTE: Per shr amounts reported after preferred stock
+dividend requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="251" NEWID="12023">
+<DATE> 1-APR-1987 11:25:07.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1381&#31;reute
+r f BC-AMERICAN-MOTORS-&lt;AMO>   04-01 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MOTORS &lt;AMO> MARCH OUTPUT FALLS</TITLE>
+<DATELINE>    SOUTHFIELD, Mich., April 1 - </DATELINE><BODY>American Motors Corp said it
+produced 2,578 U.S. cars in March, down from 5,922 in the same
+1986 month.
+    The automaker's March U.S. Jeep output was 21,390, up from
+16,215 in the same month last year.
+    Year-to-date U.S. car production by American Motors through
+the end of March was 8,647 vehicles compared to 12,553 in the
+same 1986 period. Year-to-date Jeep output was 58,597 compared
+to 56,801.
+                                     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="252" NEWID="12024">
+<DATE> 1-APR-1987 11:26:18.58</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f1385&#31;reute
+u f BC-CYPRUS-LOWERS-COPPER   04-01 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYPRUS LOWERS COPPER PRICE 1.25 CTS TO 67 CTS</TITLE>
+<DATELINE>    DENVER, April 1 - </DATELINE><BODY>Cyprus Minerals Company said it is
+decreasing its electrolytic copper cathode price by 1.25 cents
+to 67.0 cents a pound, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="253" NEWID="12025">
+<DATE> 1-APR-1987 11:27:55.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE><D>thatcher</D><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1393&#31;reute
+u f BC-TOSHIBA-COULD-BE-FIRS   04-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOSHIBA COULD BE FIRST TO FEEL U.K. TRADE ANGER</TITLE>
+<AUTHOR>    By Sten Stovall, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Toshiba Corp &lt;TSBA.T>, the Japanese
+electronics group which plans to enter Britain's liberalised
+telecommunications equipment market, risks becoming the first
+casualty in the current war of words over trade between Japan
+and the U.K., Government and industry sources said.
+    U.K. Authorities have lost patience with Japanese trading
+practices and said they are seeking ways to retaliate without
+unleashing a damaging trade war. "Toshiba's timing seems most
+unfortunate for the company, as it comes exactly when we are
+looking for someone to punch," one official told Reuters.
+    Earlier, &lt;Toshiba Information Systems (U.K.) Ltd> said it
+wanted to enter the British business facsimile and key
+telephone market. A facsimile machine sends printed data over
+telephone lines, while a key telephone system is used for
+switching calls within a business, industry sources said.
+    The move by Toshiba comes in the middle of a dispute over
+Japan's refusal to open up its telecommunications market to
+foreign companies. "Toshiba's timing is most extraordinary," one
+official at the Department of Trade and Industry (DTI) said.
+    Tomorrow, the U.K. Government will consider what legal
+action it can possible take to press for Japanese reform.
+    Prime Minister Margaret Thatcher has given notice that the
+U.K. Would fight the Japanese government's attempt to prevent
+Cable and Wireless Plc &lt;CAWL.L> from taking a significant
+position in a new Japanese international telecommunications
+venture. "We regard this as a test case," she told Parliament.
+    But while the U.K. Is keen to see some movement on the
+issue by Japan, it is also worried that recent anti-Japanese
+rhetoric may cause developments to get out of hand, officials
+said.
+    Japanese officials in Tokyo today reiterated that Japan had
+no plans to bow to U.K. And U.S. Pressure to give foreign
+telecommunications firms a bigger role there.
+    The government, for which competition and the deregulation
+of markets are major political themes, is unlikely to make
+final decisions tomorrow on how to act against Japan, officials
+said.
+    Detailed consideration of the issue has been shelved during
+Thatcher's official visit to the Soviet Union, which ends
+today.
+    "We are waiting for the Prime Minister to decide what to do.
+The DTI will pass the ball to her as soon as she returns
+tonight," a DTI official said.
+    He said Toshiba's application would be considered by the
+Office of Telecommunications (OFTEL). An OFTEL spokeswoman said
+"a decision on this application will take weeks, maybe months."
+    Asked whether Toshiba's bid would fall victim to British
+retaliation, the OFTEL spokeswoman said: "Who knows what's going
+to happen given the current situation!"
+    A Toshiba executive, who asked not to be named, told
+Reuters: "We do not anticipate any special problems."
+    Some analysts queried by Reuters questioned the basis of
+Britain's strong stand on the Cable and Wireless bid. One said
+that the company's proposal was equivalent to a Japanese
+company wanting to take a stake in Mercury International, the
+subsidiary of Cable and Wireless that is the only real
+competitor of British Telecommunications Plc &lt;BTY.L>.
+    British Corporate Affairs minister Michael Howard leaves
+for Japan on Saturday.
+    The minister will seek a clear timetable from Japan for
+easier access for British institutions to Japanese financial
+markets, reciprocating the easy access Japanese securities
+houses and banks have to the City of London.
+    Britain has threatened to use its new Financial Services
+Act to revoke or deny licences to Japanese brokerage houses if
+it does not get satisfaction.
+    But British authorities would be far from happy if forced
+to use that weapon, government sources said.
+    Sir Nicholas Goodison, Chairman of the London Stock
+Exchange, said in New York yesterday that sanctions against
+Japanese financial institutions operating in the U.K. Would set
+back London's ambition to become a leading centre for corporate
+financing and securities trading.
+    Chancellor of the Exchequer Nigel Lawson also warned
+yesterday of the negative effects that a trade war could have
+on the British economy. Such a development could hit U.K.
+Exports and sharply alter the outlook for the next general
+election in which economic recovery will be one of the
+government's main themes, political analysts said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="254" NEWID="12026">
+<DATE> 1-APR-1987 11:28:34.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1395&#31;reute
+u f BC-DOLLAR-EUROBONDS-END   04-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR EUROBONDS END EASIER ON PRIME RATE RISES</TITLE>
+<AUTHOR>    By Christopher Pizzey, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The dollar straight sector of the
+eurobond market ended easier after a subdued day's trading as
+U.S. Banks began to match yesterday's surprise 1/4 point prime
+rate hikes by Citibank and Chase Manhattan Bank, dealers said.
+    The prime rates were raised to 7-3/4 from 7-1/2 pct and the
+timing of the moves puzzled many dealers. However, reaction
+here was limited, with shorter dated paper ending steady to 1/4
+point easier, while longer dates dipped by 1/4 to 1/2 point.
+    In the primary market, activity again centred on currencies
+other than the U.S. Dollar, dealers noted.
+    One dollar straight dealer at a U.S. Securities house
+commented "There was, in fact, the odd retail buyer today, but
+only in small sizes." He added that, ironically, the prime rate
+rises may help the market to stabilise since the dollar rose on
+the back of the news.
+    The only U.S. Dollar deal launched during the day was, as
+has been the case recently, equity linked. The 15-year
+convertible bond was for the Bank of Tokyo Ltd and has an
+indicated coupon of two pct. One source at a house involved in
+the deal said, "It's got to be a blow-out. With a name like this
+you're talking about Japan Inc."
+    The lead manager was the Bank of Tokyo International (BOTI)
+and the deal ended far above the par issue price at 108 109
+pct. A BOTI official said "We've had worldwide interest in the
+deal."
+    She noted the Tokyo stock market had experienced a mild
+correction at the beginning of the week but that bank stocks
+were hardly affected.
+    The yen sector edged slightly firmer and one new straight
+deal was launched, a 20 billion yen bond for France's Caisse
+Nationale des Telecommunications. The state guaranteed five
+year bond pays 4-3/8 pct and was priced at 101-1/2 pct.
+    The issue was lead managed by IBJ International Ltd and was
+quoted on the grey market at less 1-7/8 less 1-3/4 pct compared
+with the total fees of 1-7/8 pct. One syndicate official at a
+firm not involved in the deal said "It's tight, but overall I
+would say its fairly priced."
+    Also launched was a five-year zero coupon bond with a total
+redemption amount of 19 billion yen for Rural Banking and
+Finance Corp of New Zealand. It was priced at 81.22 pct and
+lead managed by Nomura International.
+    In the Australian dollar sector, GMAC (Australia) Finance
+Ltd issued a 50 mln Australian dlr bond.
+    Hambros Bank Ltd was lead manager for the four-year deal
+which pays 14-1/4 pct and was priced at 101 pct. It was
+guranteed by General Motors Acceptance Corp and was quoted on
+the 1-3/4 pct fees at less 1-3/4 pct bid.
+    McDonalds Corp issued a 75 mln Canadian dlr bond paying
+8-1/2 pct over five years and priced at 101-5/8 pct. It was
+quoted around the 1-7/8 pct fees at less two less 1-3/4 and was
+led by Morgan Guaranty Ltd.
+    The European Investment Bank launched a 300 mln Danish
+Crown, seven-year, bond withan 11 pct coupon and pricing of 101
+pct. It was lead managed by Den Danske Bank.
+    The floating rate note sector basically ended easier
+following the increase in period eurodollar deposit rates
+prompted by the prime rate increases, dealers said. But they
+noted that mis-match deals - issues whereby the coupon is
+re-fixed on a monthly basis - were firmer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="255" NEWID="12027">
+<DATE> 1-APR-1987 11:30:48.69</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1401&#31;reute
+b f BC-TREASURY'S-BAKER-HOPE   04-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER HOPES PRIME RATE RISE TEMPORARY</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Treasury Secretary James Baker said
+he hopes yesterday's small increase in two major money center
+banks' prime rate was a temporary phenomenon.
+    "I hope it was a temporary blip upward," he told a House
+Appropriations subcommittee.
+    He said the decline in interest rates since President
+Reagan took office remains "one of the significant
+accomplishments, in the economic area, of this administration."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="256" NEWID="12028">
+<DATE> 1-APR-1987 11:31:43.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1403&#31;reute
+u f BC-DELTA-&lt;DAL>-COMPLETES   04-01 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTA &lt;DAL> COMPLETES WESTERN AIR &lt;WAL> BUY</TITLE>
+<DATELINE>    ATLANTA, April 1 - </DATELINE><BODY>Delta Air Lines Inc said it completed
+the acquisition of Western Air Lines Inc this morning.
+    The action follows U.S. Supreme Court Justice Sandra Day
+O'Connor's overnight granting of Delta and Western's request to
+stay an earlier injunction against the deal issued by the U.S.
+Court of Appeals for the Ninth Circuit.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="257" NEWID="12029">
+<DATE> 1-APR-1987 11:33:36.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1412&#31;reute
+r f BC-NATIONAL-DISTILLERS-A   04-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL DISTILLERS AND CHEMICAL &lt;DR> EXPANDING</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>National Distillers and Chemical Corp
+said its board approved a modernization and expansion program
+from its petrochemical division, USI Chemical Co, its
+polyethylene producer.
+    The program will add 600 mln pounds per year to USI's
+existing capacity of 3.2 billion pounds, the company said. The
+increase will result from the addition of two linear reactors
+based on fluid bed gas phase technology for the production of
+linear low density or high density polyethylene at locations in
+the Midwest and Gulf Coast, it said.
+    Plans are in the engineering stage with completion expected
+in mid 1989, the company said. In addition, USI is presently
+constructing a 300 mln pound linear low density polyethylene
+facility, scheduled to come on stream in early 1988 at its Port
+Author, Texas, plant.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="258" NEWID="12030">
+<DATE> 1-APR-1987 11:34:07.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1417&#31;reute
+r f BC-BALDWIN-PIANO-&lt;BPAO>   04-01 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDWIN PIANO &lt;BPAO> FILES FOR SECONDARY</TITLE>
+<DATELINE>    CINCINNATI, April 1 - </DATELINE><BODY>Baldwin Piano and Organ Co said it
+has filed for a secondary offering of 630,000 common shares,
+including 490,000 to be sold by General Electric Co &lt;GE> and
+140,000 by other shareholders.
+    Lead underwriters are William Blair and Co and McDonald and
+Co Investments &lt;MDD>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="259" NEWID="12031">
+<DATE> 1-APR-1987 11:34:12.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1418&#31;reute
+r f BC-AMERICAN-OIL-AND-GAS   04-01 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN OIL AND GAS CORP &lt;AOG> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, April 1 -
+    </DATELINE><BODY>Shr loss 34 cts vs loss 2.14 dlrs
+    Net loss 2,275,000 vs loss 9,560,000
+    Revs 17.0 mln vs 19.9 mln
+    Year
+    Shr loss 49 cts vs loss 2.11 dlrs
+    Net loss 2,661,000 vs loss 9,283,000
+    Revs 73.5 mln vs 93.6 mln
+
+    NOTE: Results have been restated to reflects equity
+investment in WellTech Inc for one month ended Dec 31, 1986 and
+its investment in American Well Servicing for the 11 months
+ended Nov 30, 1986 and full year 1985.
+    1986 and 1985 net include loss of 3,512,000 dlrs and
+5,944,000 dlrs, respectively, for equity in WellTech and
+predecessor operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="260" NEWID="12032">
+<DATE> 1-APR-1987 11:35:12.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1425&#31;reute
+f f BC-MACANDREWS/FORBES-UNI   04-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MACANDREWS/FORBES UNIT BEGINS OFFER TO BUY ALL REVLON
+GROUP NOT ALREADY OWNED
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="261" NEWID="12033">
+<DATE> 1-APR-1987 11:36:11.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1433&#31;reute
+r f BC-&lt;NEWPARK-RESOURCES-IN   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NEWPARK RESOURCES INC> YEAR ENDED DEC 31 LOSS</TITLE>
+<DATELINE>    NEW ORLEANS, April 1 -
+    </DATELINE><BODY>Oper shr loss 1.99 dlr vs loss 4.88 dlrs
+    Oper net loss 29.1 mln vs 70.8 mln
+    Revs 34.8 mln vs 84.8 mln
+    NOTE: 1986 and 1985 oper net excludes a loss of 5.5 mln
+dlrs or 37 cts a share and 64.6 mln dlrs or 4.43 dlrs a share,
+respectively, for discontinued operations.
+    1986 net also excludes a gain of 66.4 mln dlrs or 4.50 dlrs
+a share for credit on debt restructuring.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="262" NEWID="12034">
+<DATE> 1-APR-1987 11:36:30.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1435&#31;reute
+u f BC-CARDIS-&lt;CDS>-EXPECTS   04-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARDIS &lt;CDS> EXPECTS SIGNIFICANT YEAR LOSS</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., April 1 - </DATELINE><BODY>Cardis Corp said it
+anticipates reporting a loss from continuing operations of
+approximately 17.7 mln dlrs on revenues of 228 mln dlrs for
+fiscal year 1986.
+    In addition, the company said it expects to report a
+year-end loss on the discontinued operations of its engine
+rebuilding divisions of approximately 1,100,000 mln dlrs.
+    Cardis also said it expects to report a loss in excess of
+five mln dlrs for its first fiscal quarter ended Jan 31, 1987,
+on approximate revenues of 58 mlns dlrs.
+    For fiscal 1985 Cardis reported operating income of
+8,680,000 and net income of 1,150,000 dlrs, and in the first
+quarter of fiscal 1986, it reported a 495,000 dlr loss from
+continuing operations.
+    The company said its auditor, Touche Ross and Co, has
+indicated to it that any opinion it issues on the company's
+soon-to-be completed year-end audit will be qualified.
+    The company also said it expects to conclude soon its
+current negotiations with its primary lenders for extension of
+its loan agreements and expansion of its credit lines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="263" NEWID="12035">
+<DATE> 1-APR-1987 11:36:57.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1439&#31;reute
+d f BC-TIERCO-GROUP-INC-&lt;TIE   04-01 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIERCO GROUP INC &lt;TIER> YEAR ENDED DEC 31 LOSS</TITLE>
+<DATELINE>    OKLAHOMA CITY, April 1 -
+    </DATELINE><BODY>Shr loss 72 cts vs loss 1.57 dlr
+    Net loss 1,526,359 vs loss 3,315,834
+    Revs 8,032,798 vs 7,276,517
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="264" NEWID="12036">
+<DATE> 1-APR-1987 11:37:00.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1440&#31;reute
+s f BC-MICRODYNE-CORP-&lt;MCDY>   04-01 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRODYNE CORP &lt;MCDY> SETS PAYOUT</TITLE>
+<DATELINE>    OCALA, Fla., April 1 -
+    </DATELINE><BODY>Semi div three cts vs three cts prior
+    Pay June 12
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="265" NEWID="12037">
+<DATE> 1-APR-1987 11:37:26.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1442&#31;reute
+f f BC-******U.S.-TREASURY'S   04-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY'S BAKER SAYS JAPAN TARIFF ACTION NOT START
+OF TRADE WAR
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="266" NEWID="12038">
+<DATE> 1-APR-1987 11:37:46.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1443&#31;reute
+u f BC-BRAZIL-CONFIRMS-RENEW   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL CONFIRMS RENEWAL OF SHORT-TERM CREDIT LINES</TITLE>
+<DATELINE>    BRASILIA, April 1 - </DATELINE><BODY>Brazilian economic officials confirmed
+a renewal of short-range credit lines by commercial creditors,
+bringing optimism that renegotiation of the 109 billion dlrs
+foreign debt is possible.
+    Finance Ministry sources said a "large majority" of foreign
+banks had accepted to extend Brazil's credit lines before the
+midnight deadline of March 31 for payment of 15 billion dlrs
+servicing expired.
+    Finance Minister Dilson Funaro told reporters all short
+range credit lines were renewed, "without exception."
+    Central Bank sources, although incapable of confirming that
+100 pct of the banks had renewed the credit lines, said that
+there was a massive affirmative reply.
+    The credit lines were extended in their majority by 30
+days, but there were banks which renewed the deadline by 90
+days and, sometimes, by 180 days, Funaro told reporters.
+    Brazil is pledging for an extension of the deadlines for an
+indefinite period, until its economic officials seek a global
+renegotiation of the debt.
+    Last week Brazil had suggested to creditors an extension of
+the deadline for another two months, until May 31.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="267" NEWID="12039">
+<DATE> 1-APR-1987 11:38:11.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1446&#31;reute
+d f BC-TOSHIBA-COULD-BE-FIRS   04-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOSHIBA COULD BE FIRST TO FEEL U.K. TRADE ANGER</TITLE>
+<AUTHOR>    By Sten Stovall, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Toshiba Corp &lt;TSBA.T>, the Japanese
+electronics group which plans to enter Britain's liberalised
+telecommunications equipment market, risks becoming the first
+casualty in the current war of words over trade between Japan
+and the U.K., Government and industry sources said.
+    U.K. Authorities have lost patience with Japanese trading
+practices and said they are seeking ways to retaliate without
+unleashing a damaging trade war. "Toshiba's timing seems most
+unfortunate for the company, as it comes exactly when we are
+looking for someone to punch," one official told Reuters.
+    Earlier, &lt;Toshiba Information Systems (U.K.) Ltd> said it
+wanted to enter the British business facsimile and key
+telephone market. A facsimile machine sends printed data over
+telephone lines, while a key telephone system is used for
+switching calls within a business, industry sources said.
+    The move by Toshiba comes in the middle of a dispute over
+Japan's refusal to open up its telecommunications market to
+foreign companies. "Toshiba's timing is most extraordinary," one
+official at the Department of Trade and Industry (DTI) said.
+    Tommorrow, the U.K. Government will consider what legal
+action it can possible take to press for Japanese reform.
+    Prime Minister Margaret Thatcher has given notice that the
+U.K. Would fight the Japanese government's attempt to prevent
+Cable and Wireless Plc &lt;CAWL.L> from taking a significant
+position in a new Japanese international telecommunications
+venture. "We regard this as a test case," she told Parliament.
+    But while the U.K. Is keen to see some movement on the
+issue by Japan, it is also worried that recent anti-Japanese
+rhetoric may cause developments to get out of hand, officials
+said.
+    Japanese officials in Tokyo today reiterated that Japan had
+no plans to bow to U.K. And U.S. Pressure to give foreign
+telecommunications firms a bigger role there.
+reuter^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="268" NEWID="12040">
+<DATE> 1-APR-1987 11:38:19.87</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1447&#31;reute
+r f BC-FHLBB-CHANGES-SHORT-T   04-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Federal Home Loan Bank Board
+adjusted the rates on its short-term discount notes as follows:
+    MATURITY   NEW RATE  OLD RATE  MATURITY
+                                                               
+                              30-123 days  5.00 pct  5.00 pct  
+30-123 days
+ 124-150 days  5.90 pct  5.93 pct  124-150 days
+ 151-349 days  5.00 pct  5.00 pct  151-349 days
+ 350-360 days  5.96 pct  5.98 pct  350-360 days
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="269" NEWID="12041">
+<DATE> 1-APR-1987 11:39:28.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1452&#31;reute
+r f BC-BRAZIL-CONFIRMS-RENEW   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL CONFIRMS RENEWAL OF SHORT-TERM CREDIT LINES</TITLE>
+<DATELINE>    BRASILIA, April 1 - </DATELINE><BODY>Brazilian economic officials confirmed
+a renewal of short-range credit lines by commercial creditors,
+bringing optimism that renegotiation of the 109 billion dlrs
+foreign debt is possible.
+    Finance Ministry sources said a "large majority" of foreign
+banks had accepted to extend Brazil's credit lines before the
+midnight deadline of March 31 for payment of 15 billion dlrs
+servicing expired.
+    Finance Minister Dilson Funaro told reporters all short
+range credit lines were renewed, "without exception."
+    Central Bank sources, although incapable of confirming that
+100 pct of the banks had renewed the credit lines, said that
+there was a massive affirmative reply.
+    The credit lines were extended in their majority by 30
+days, but there were banks which renewed the deadline by 90
+days and, sometimes, by 180 days, Funaro told reporters.
+    Brazil is pledging for an extension of the deadlines for an
+indefinite period, until its economic officials seek a global
+renegotiation of the debt.
+    Last week Brazil had suggested to creditors an extension of
+the deadline for another two months, until May 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="270" NEWID="12042">
+<DATE> 1-APR-1987 11:40:15.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1457&#31;reute
+r f BC-CROWNAMERICA-INC-&lt;CRN   04-01 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CROWNAMERICA INC &lt;CRNA> 2ND QTR ENDED FEB 28</TITLE>
+<DATELINE>    DALTON, Ga., April 1 -
+    </DATELINE><BODY>Shr two cts vs 29 cts
+    Net 23,000 vs 338,000
+    Revs 20.2 mln vs 21.5 mln
+    Six mths
+    Shr 64 cts vs 97 cts
+    Net 741,000 vs 1,113,000
+    Revs 43.2 mln vs 44.3 mln
+    NOTE: 1986 2nd qtr and six mths ended March one.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="271" NEWID="12043">
+<DATE> 1-APR-1987 11:40:30.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1458&#31;reute
+d f BC-QUANTUM-DIAGNOSTICS-&lt;   04-01 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUANTUM DIAGNOSTICS &lt;QTMCU> GETS PATENT</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., April 1 - </DATELINE><BODY>Quantum Diagnostics Ltd said it
+has been granted a patent for a new imaging technology it has
+developed that uses electrmagnetic radiation.
+    It said it sees applications in airport security screening
+devices, medical diagnostic imaging systems and quality control
+devices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="272" NEWID="12044">
+<DATE> 1-APR-1987 11:45:57.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1471&#31;reute
+u f BC-DIAMOND-SHAMROCK-&lt;DIA   04-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND SHAMROCK &lt;DIA> SEES BETTER 1987 EARNINGS</TITLE>
+<DATELINE>    NEW YORK, APRIL 1 - </DATELINE><BODY>Diamond Shamrock Corp, which will split
+this month into two separate companies, expects to show
+improved earnings in 1987 over last year, executives of the new
+company told Reuters.
+    Charles Blackburn, president and chief executive officer of
+Diamond Shamrock and the new company, which will emphasize
+exploration and production, said, "Earnings wil be better than
+in 1986." He declined to say how much better.
+    In 1986 Diamond Shamrock reported a loss of 115.6 mln dlrs
+on total revenues of 2.543 billion dlrs. Exploration and
+production lost 18.5 mln dlrs on revenues of 593.5 mln dlrs.
+    Roger Hemminghaus, Diamond Shamrock vice president and
+soon-to-be chief executive of the spin-off Diamond Shamrock
+Refining and Marketing Co, said, "Refining and marketing is a
+margin business. The margins will return and this will be a
+better year than 1986."
+    In 1986, refining and marketing showed operating profits of
+40.1 mln dlrs on revenues of 1.636 billion dlrs.
+    "We are also expecting to be in the black in the first
+quarter (1987)," Heminghaus added. In the first quarter of 1986,
+the refining and marketing segment showed a loss of 27.1 mln
+dlrs on revenues of 492.1 mln dlrs.
+   
+    The executives were in New york for meetings with
+institutional investors aimed at increasing interest in the
+company's stock.
+    On the New York Stock Exchange, Diamond Shamrock was
+trading at 16-1/4, down 1/4.
+    Earlier this year, T. Boone Pickens offered 15 dlrs a share
+for Diamond Shamrock, and management countered with an offer at
+17 dlrs and a decision to split off the refining and marketing
+operation to its shareholders.
+    "Our advisors convinced us the market would give higher
+multiples for pure plays," Blackburn said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="273" NEWID="12045">
+<DATE> 1-APR-1987 11:46:53.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1474&#31;reute
+r f BC-VMS-STRATEGIC-&lt;VLANS>   04-01 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS STRATEGIC &lt;VLANS> SETS INITIAL DIVIDEND</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>VMS Strategic Land Trust said it
+delcared an initial quarterly cash dividend of 30 cts a share,
+payable May 15 to shareholders of record April 20.
+    The company also said that effective today it will be
+trading on the NASDAQ system under the symbol &lt;VLANS>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="274" NEWID="12046">
+<DATE> 1-APR-1987 11:47:47.24</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1479&#31;reute
+u f BC-BETHLEHEM-STEEL-&lt;BS>   04-01 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BETHLEHEM STEEL &lt;BS> SETS PLATE PRICE INCREASES</TITLE>
+<DATELINE>    BETHLEHEM, Pa., April 1 - </DATELINE><BODY>Bethlehem Steel Corp said its
+base price for carbon plates and high-strength and low-alloy
+plates will be increased by 25 dlrs to 405 dlrs a short ton,
+effective July one.
+    The company said its composite prices for alloy plates will
+also be increased 25 dlrs per ton on the same date, adding it
+does not publish its prices for this product.
+    Bethlehem Steel said its composite prices for strip mill
+plates will be increased 15 dlrs a ton.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="275" NEWID="12047">
+<DATE> 1-APR-1987 11:48:38.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1482&#31;reute
+b f BC-/TRREASURY'S-BAKER-SE   04-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRREASURY'S BAKER SEES NO TRADE WAR OVER TARIFFS</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Treasury Secretary James Baker said
+the U.S. imposition of tariffs on Japanese goods over
+semiconductor trade does not signal the start of a trade war.
+    He also played down the significance of the precipitous
+stock market decline earlier this week.
+    "I don't think this action should be interpreted in any way
+as the start of a trade war," he said in response to a question
+from a House Appropriations subcommittee.
+    He said a drop in stock market prices of the magnitude
+experienced Monday was not so unusual.
+    "I don't think it is particularly unusual to see those kinds
+of days" on Wall Street, Baker said.
+    Since Monday, he added, "The stock market has rebounded
+rather vigorously."
+    He urged lawmakers to move cautiously on trade legislation
+to avoid overly protectionist moves which might aggravate world
+trade tensions.
+    "You're not going to legislate this (trade) deficit away," he
+told the panel.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="276" NEWID="12048">
+<DATE> 1-APR-1987 11:50:44.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1490&#31;reute
+d f BC-EQUICOR-SEES-YEAR-REV   04-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUICOR SEES YEAR REVENUES TO TOP TWO BILLION</TITLE>
+<DATELINE>    NASHVILLE, Tenn., April 1 - </DATELINE><BODY>Equicor, Equitable HCA Corp,
+said that the company will likely attain revenues in excess of
+two billion dlrs in its first year of operations.
+    The company, created last October with initial equity of
+400 mln dlrs, is owned equally by the Equitable Life Assurance
+Society of the U.S. and Hospital Corp of America &lt;HCA>.
+    Financial results for the first six months of the company's
+operations were not disclosed. Equicor provides employee group
+plans to 1,500 corporations nationwide. It said it aims to
+double its marketshare in five years from the about 3.5 pct of
+the employee benefits industry it controls.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="277" NEWID="12049">
+<DATE> 1-APR-1987 11:50:55.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1491&#31;reute
+b f BC-MACANDREWS/FORBES-UNI   04-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACANDREWS/FORBES BEGINS REVLON &lt;REV> OFFER</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>MacAndrews and Forbes Group Inc said it
+began an 18.50-dlr-a-share cash offer for all common stock of
+Revlon Group Inc it does not already own.
+    The offer, which is being made by a wholly owned
+subsidiary, Revmac Acquisition Corp, is subject to financing
+and at least 28.5 mln shares being tendered, the company said.
+    MacAndrews and Forbes, wholly owned by Ronald Perelman,
+chairman of Revlon Group, held about 31.8 pct of the voting
+power of Revlon as of March 27, a spokesman said. The stake
+includes about 15.1 pct of Revlon common and 95 pct of its
+series A preferred stock, he said.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="278" NEWID="12050">
+<DATE> 1-APR-1987 11:51:56.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1494&#31;reute
+u f BC-ARCO-&lt;ARC>-UP-ON-HIGH   04-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARCO &lt;ARC> UP ON HIGHER EARNINGS ESTIMATE</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Atlantic Richfield Co's stock rose
+sharply after analyst Eugene Nowak of Dean Witter Reynolds Inc
+raised his earnings estmates of the company, traders said.
+    ARCO jumped 1-3/4 to 81-3/4.
+    Nowak said that based on an average oil price of 17 dlrs a
+barrel in 1987, the company should earn about 4.50 dlrs a
+share. Next year, based on an average oil price of 18 dlrs a
+barrel, ARCO should earn about five dlrs a share. The company
+earned 3.38 dlrs a share in 1986. "If oil prices should rise to
+an average of 20 dlrs a barrel," he said, "ARCO could record
+earnings of 6.50 dlrs a share.
+    Nowak said his increased estimates come after the company
+told analysts yesterday that its first quarter earnings will
+comfortably cover its quarterly dividend requirement of one dlr
+a share.
+    Nowak said, "The company has done an outstanding job
+reducing expenses, and ARCO is poised to generate greater
+earnings power." He said first quarter earnings will likely
+exceed the company's expectations stated yesterday and be in
+the 1.15-1.20 dlr-a-share range.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="279" NEWID="12051">
+<DATE> 1-APR-1987 11:53:49.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1505&#31;reute
+b f BC-/SENATE-UPHOLDS-REAGA   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE UPHOLDS REAGAN'S VETO BUT WILL REVOTE</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Senate voted to sustain President
+Reagan's veto of an 88 billion dlr highway and mass transit
+funding bill, but Senate Democratic leader Robert Byrd of West
+Virginia called for a second vote to reconsider the outcome.
+    The first vote ended with 65 Senators voting for the bill
+and 35 voting to sustain the veto, two short of the two-thirds
+majority needed to override. One of those voting to sustain the
+veto was North Carolina Democrat Terry Sanford.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="280" NEWID="12052">
+<DATE> 1-APR-1987 11:53:59.16</DATE>
+<TOPICS><D>corn</D><D>sorghum</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>belgium</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1506&#31;reute
+b f BC-EC-PROMISED-U.S.-BULK   04-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAID PROMISED BULK OF MAIZE EXPORT TO SPAIN</TITLE>
+<DATELINE>    BRUSSELS, April 1 - </DATELINE><BODY>The U.S. Has been promised a near
+monopoly of maize exports to Spain from third countries
+guaranteed under an agreement with the European Community, an
+EC official said.
+    The official, who asked not to be named, told Reuters that
+the guarantee was given in an unpublished clause of the
+agreement.
+    Under the accord, which began in January, third countries
+were guaranteed access for the next four years for two mln
+tonnes a year of maize to the Spanish market, as well as
+300,000 tonnes of sorghum.
+    However, the official said the U.S. Had been assured that
+almost all the exports would be reserved for its traders.
+    The EC Commission is to ask member states to agree either a
+tender system to fix reduced import levies for the maize or to
+authorise direct imports by the Spanish intervention board.
+    EC sources noted that under a tender system maize from
+outside the U.S. Would sometimes be offered on more favourable
+terms than that from the U.S.
+    No Commission spokesman was immediately available for
+comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="281" NEWID="12053">
+<DATE> 1-APR-1987 11:54:45.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1511&#31;reute
+d f BC-DEAK-INTERNATIONAL-BU   04-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEAK INTERNATIONAL BUYS JOHNSON MATTHEY</TITLE>
+<DATELINE>    NEW YORK, APRIL 1 - </DATELINE><BODY>Deak International, a foreign currency
+and precious metals firm, announced the acquisition of Johnson
+Matthey Commodities of New York from Minories Finance Limited,
+a unit of the Bank of England.
+    The purchase valued at 14.8 mln dlrs follows the recent
+acquisition of London's Johnson Matthey Commodities Limited,
+Deak said.
+    The New York firm will be known as Deak International
+Trading Ltd, the company said.
+    Arkadi Kuhlmann, president and chief executive officer of
+Deak International said the purchase will expand Deak's
+operations into the precious metals and wholesale non-ferrous
+metals trading arenas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="282" NEWID="12054">
+<DATE> 1-APR-1987 11:56:02.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1516&#31;reute
+u f BC-WALL-STREET-STOCKS/PU   04-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/PUROLATOR COURIER &lt;PCC></TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Purolator Courier Corp stock jumped
+5-3/8 on a 40 dlr per share takeover offer from Emery Air
+Freight Corp &lt;EAF>, traders said.
+    Purolator was trading at 40-1/4, 1/4 above the offer price.
+The Emery offer tops a 35 dlr per share buyout agreement E.F.
+Hutton LBO Inc reached with Purolator February 27.
+    That offer was to have expired today. Neither Hutton nor
+Purolator had any immediate comment.
+    "There's probably some speculation out there that there
+might be another offer," said one analyst.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="283" NEWID="12055">
+<DATE> 1-APR-1987 11:57:09.82</DATE>
+<TOPICS><D>corn</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>argentina</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1518&#31;reute
+b f BC-/ARGENTINE-CORN-SALES   04-01 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE CORN SALES TO USSR LOWER - USDA REPORT</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Total corn sales by Argentina to the
+Soviet Union are only 1.5 to 1.8 mln tonnes, with delivery
+spread out from March to June, the U.S. Agriculture
+Department's Counselor in Buenos Aires said in a field report.
+    The report, dated March 27, said many sources have stated
+that the Soviet Union was initially interested in purchasing
+2.3 mln tonnes lof corn from Argentina.
+    However, Soviet purchases from the United States have
+tended to displace additional Argentine purchases, the report
+said.
+    The USDA has to date reported USSR purchases of 2.6 mln
+tonnes of U.S. corn for delivery in the current U.S.-USSR grain
+agreement year, which ends this September 30, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="284" NEWID="12056">
+<DATE> 1-APR-1987 11:57:23.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1519&#31;reute
+r f BC-GPU'S-&lt;GPU>-THREE-MIL   04-01 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GPU'S &lt;GPU> THREE MILE ISLAND POWER REDUCED</TITLE>
+<DATELINE>    MIDDLETOWN, Pa., April 1 - </DATELINE><BODY>General Public Utilities corp
+said its Three Mile Island Unit One's power output has been cut
+to 81 pct of reactor power, or 730 megawatts of electricity,
+due to mineral deposits on the secondary or non-nuclear side of
+its two steam generators.
+    The company said the deposits do not affect the safe
+operation of the plant but interfere with the production of
+steam.
+    It said the unit was similarly limited in power in late
+1985. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="285" NEWID="12057">
+<DATE> 1-APR-1987 11:58:09.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1524&#31;reute
+r f BC-CYPRUS-MINERALS-&lt;CYPM   04-01 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYPRUS MINERALS &lt;CYPM> WINS COAL CONTRACT</TITLE>
+<DATELINE>    DENVER, April 1 - </DATELINE><BODY>Cyprus Minerals Co said it was awarded a
+five year contract to supply 360,000 tons of steam coal to
+Niagara Mohawk Power Co &lt;NMK>.
+    The company is currently shipping 240,000 tons of steam
+coal a year to Niagara Mohawk under a contract signed in 1985.
+The coal comes from the Emerald mine in Southwestern
+Pennsylvania.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="286" NEWID="12058">
+<DATE> 1-APR-1987 11:58:19.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1525&#31;reute
+r f BC-QUANTECH-&lt;QANT>-SAYS   04-01 0103</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+QUANTECH &lt;QANT> SAYS THREE DIRECTORS RESIGN
+    LEVITTOWN, N.Y., April 1, Quantech Electronics Corp said
+Leonard N. Hecht, Jack Goldfarb and Harold V. Wallace resigned
+as directors.
+    On March 26, the company announced the resignations of 
+Bernard Weinblatt as president and a director, and Hecht as
+chief executive officer. It said Hecht will serve as a
+consultant for an interim period.
+    Quantech said its remaining directors are Henry Ginsberg
+and David Siegel. Ginsberg, who is chairman, has been named
+president and chief executive officer, and Siegel has been
+named chief operating officer, the company said.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="287" NEWID="12059">
+<DATE> 1-APR-1987 11:58:27.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1526&#31;reute
+r f BC-BARNES-GROUP-&lt;B>-EXPE   04-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARNES GROUP &lt;B> EXPECTS SALES TO GROW MODESTLY</TITLE>
+<DATELINE>    HARTFORD, Conn., April 1 - </DATELINE><BODY>Barnes Group said it expects
+sales and net income for 1987 will be up slightly over 1986.
+    Without supplying specific figures, Barnes told
+shareholders at its annual meeting it expected net income to
+improve at a rate exceeding its growth in sales, which was two
+pct higher than 1985.
+    The company said it recorded income from continuing
+operations of 16.6 mln dlrs, or 2.57 dlrs per share, on sales
+of 440 mln dlrs in 1986. It said it recorded income from
+continuing operations of 16.4 mln dlrs, or 2.27 dlrs per share,
+in the previous year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="288" NEWID="12060">
+<DATE> 1-APR-1987 11:58:33.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1527&#31;reute
+r f BC-UNITED-CITIES-&lt;UCIT>   04-01 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED CITIES &lt;UCIT> PRIVATELY PLACES BONDS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>United Cities Gas Co said it placed
+privately on March 18 20 mln dlrs of 8.69 pct first mortgage
+bonds.
+    Proceeds will be used to retire short-term debt and fund
+the company's current construction program, United Cities said.
+    The company said more than 30 lending institutions
+participated in the bidding for the bonds and that 25 pct of
+the issue was placed with the U.S. unit of a Canadian firm.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="289" NEWID="12061">
+<DATE> 1-APR-1987 11:58:37.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1528&#31;reute
+r f BC-ROADWAY-MOTOR-PLAZAS   04-01 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROADWAY MOTOR PLAZAS INC 3RD QTR JAN 31</TITLE>
+<DATELINE>    ROCHESTER, N.Y., April 1 -
+    </DATELINE><BODY>SHr two cts vs one cts
+    Net 116,843 vs 41,400
+    Revs 17.3 mln vs 12.3 mln
+    Nine months
+    SHr 15 cts vs 10 cts
+    Net 639,448 vs 301,000
+    REvs 37.6 mln vs 35.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="290" NEWID="12062">
+<DATE> 1-APR-1987 11:58:45.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>netherlands</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1529&#31;reute
+d f BC-AKZO-UNIT-CONCLUDES-L   04-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AKZO UNIT CONCLUDES LICENCE AGREEMENT WITH BASF</TITLE>
+<DATELINE>    ARNHEM, the Netherlands, April 1 - </DATELINE><BODY>Enka BV, a subsidiary of
+Akzo NV &lt;AKZO.AS> said it has concluded a licence agreement
+with the fibres division of &lt;BASF Corp> of Delaware, a unit of
+BASF AG &lt;BASF.F> of West Germany in the U.S. On the Colback
+industrial non-woven fibres.
+    Enka will supply know-how on the production of non-woven
+fibres and Basf will also purchase the right for production and
+sale of the Colback products. BASF will start non-woven fibre
+production in the U.S. In 1988, Enka said.
+    A spokesman for Enka declined to comment on the financial
+details of the deal.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="291" NEWID="12063">
+<DATE> 1-APR-1987 11:58:47.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1530&#31;reute
+h f BC-DIONICS-INC-&lt;DION>-YE   04-01 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIONICS INC &lt;DION> YEAR NET</TITLE>
+<DATELINE>    WESTBURY, N.Y., April 1 - 
+    </DATELINE><BODY>Shr seven cts vs 10 cts
+    Net 127,000 vs 168,100
+    Revs 2,807,400 vs 3,042,900
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="292" NEWID="12064">
+<DATE> 1-APR-1987 11:58:51.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1531&#31;reute
+s f BC-WINN-DIXIE-STORES-INC   04-01 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINN-DIXIE STORES INC &lt;WIN> SETS MONTHLY PAYOUT</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., April 1 -
+    </DATELINE><BODY>Mthly div 15 cts vs 15 cts prior
+    Pay April 30, May 29, June 24
+    Record April 15, May 15, June 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="293" NEWID="12065">
+<DATE> 1-APR-1987 12:02:46.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1546&#31;reute
+f f BC-******TREASURY'S-BAKE   04-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS FOREIGN DEBT SITUATION HAS IMPROVED
+SINCE 1982
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="294" NEWID="12066">
+<DATE> 1-APR-1987 12:03:20.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1549&#31;reute
+u f BC-ALASKA-HOUSING-FINANC   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALASKA HOUSING FINANCE GETS CREDIT, EURO-CP PACT</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Alaska Housing Finance Corp signed a 150
+mln dlr revolving credit facility and a 150 mln dlr
+euro-commercial paper program, Merrill Lynch Capital Markets
+said.
+    The borrower is a state backed, public corporation which
+provides 70 to 85 pct of the single-family residential
+mortgages in Alaska. It is the first U.S. Municipality to
+arrange these types of facilities in the international capital
+markets.
+    The seven-year revolving credit has a commitment fee of
+0.10 pct per annum, under which drawings will be at 5/16 pct
+over the London Interbank Offered Rate (Libor).
+    The facility also incorporates a swing-line facility, which
+would allow for same day drawings in the U.S. Market for up to
+three business days at the floating U.S. Prime rate. Credit
+Lyonnais is acting as coordinator for this facility.
+    Merrill Lynch is agent for the revolving facility, which
+was lead managed by Swiss Bank Corporation (San Francisco
+branch).
+    The facility will allow the borrower to issue direct
+unsecured advances in U.S. Dlrs with maturities of up to six
+months. It also will be able to issue on an uncommitted basis
+euronotes with maturities of up to six months, which will be
+priced under the issuer-set margin system.
+    Although Alaska Housing Finance will set the interest rates
+relative to Libor for the euronotes, Merrill Lynch noted that
+it would not seek to issue the notes with a margin in excess of
+0.2125 pct per annum.
+    The euro-commercial paper program allows for the issuance
+of notes with maturities of up to 183 days. Merrill was the
+arranger for that program and will act as one of the dealers
+along with Salomon Brothers International Ltd and Swiss Bank
+Corporation International Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="295" NEWID="12067">
+<DATE> 1-APR-1987 12:04:51.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1558&#31;reute
+s f BC-WAXMAN-INDUSTRIES-INC   04-01 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAXMAN INDUSTRIES INC &lt;WAXM> REGULAR PAYOUT</TITLE>
+<DATELINE>    BEDFORD HEIGHTS, Ohio, April 1 -
+    </DATELINE><BODY>Qtly div class A two cts vs two cts prior
+    Qtly div class B one ct vs one ct prior
+    Pay April 17
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="296" NEWID="12068">
+<DATE> 1-APR-1987 12:05:38.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M T
+&#22;&#22;&#1;f1562&#31;reute
+u f BC-/DEAK-BUYS-JOHNSON-MA   04-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEAK BUYS JOHNSON MATTHEY COMMODITIES</TITLE>
+<DATELINE>    NEW YORK, APRIL 1 - </DATELINE><BODY>Deak International, a foreign currency
+and precious metals firm, announced the acquisition of Johnson
+Matthey Commodities of New York from Minories Finance Limited,
+a unit of the Bank of England.
+    The purchase valued at 14.8 mln dlrs follows the recent
+acquisition of London's Johnson Matthey Commodities Limited,
+Deak said.
+    The New York firm will be known as Deak International
+Trading Ltd, the company said.
+    Arkadi Kuhlmann, president and chief executive officer of
+Deak International, said the purchase will expand Deak's
+operations in the precious metals and wholesale non-ferrous
+metals trading arenas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="297" NEWID="12069">
+<DATE> 1-APR-1987 12:06:26.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1569&#31;reute
+u f BC-LOUVEM-PLANS-OPTION-T   04-01 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUVEM PLANS OPTION TO BUY BACK OWN SHARES</TITLE>
+<DATELINE>    QUEBEC, April 1 - </DATELINE><BODY>&lt;Societe Miniere Louvem Inc> said its
+board of directors has offered to buy an option to buy back its
+owns shares from provincially-owned SOQUEM, its major
+shareholder.
+    Louvem said the option to buy the 3.1 mln shares would be
+valid until December 15 at a purchase price of 3.15 dlrs a
+share. Louvem said it could exercise the option for itself or 
+for a third party.
+    The company said SOQUEM is considering the offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="298" NEWID="12070">
+<DATE> 1-APR-1987 12:08:12.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f1577&#31;reute
+b f BC-TREASURY'S-BAKER-SAYS   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SAYS BRAZIL NOT IN CRISIS</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Treasury Secretary James Baker said
+he did not believe Brazil was currently in a crisis because of
+its debt situation and hoped the country would resolve its
+differences with commerical banks through direct negotiations.
+    Answering questions before a House appropriations
+subcommittee, Baker told a questioner, "I disagree with your
+crisis characterization" regarding Brazil.
+    He said that while the U.S. Treasury regretted Brazil's
+interest payment moratorium on commercial bank debt, "We hope
+and believe they'll resolve this through direct negotiations
+(with the banks)."
+    Baker said the financial community around the world
+believes it imperative that Brazil come up with a comprehensive
+program to adjust its economy.
+    In other comments on foreign debt, Baker said the situation
+has improved since mid-1982 because the banks are in much
+better shape and have rebuilt reserves.
+    He also noted interest rates are considerably lower today
+than they were when the crisis broke out and the rate of
+increase in debt has slowed considerably.
+    In addition, Baker noted a number of debtors are making
+reasonably good economic progress, and he cited Mexico in
+particular.
+    He pointed out that Venezuela, Chile and the Philippines
+have all reached agreement with commercial banks on debt
+rescheduling and Argentina was in the midst of negotiations.
+    But he rejected calls for "overnight solutions" to the debt
+crisis. "There is no chance they can get out (of the debt
+crisis)," Baker said, unless debtor countries generate economic
+growth.
+    Baker said the U.S. initiative to shore up debtor nations
+depends on that concept, and he rejected calls for debt
+forgiveness, which, he said, would cut debtor nations off from
+access to private credit.
+    Baker noted that even though Sen. Bill Bradley (D-N.J.) was
+urging debt relief in his strategy for dealing with the debt
+situation, "More and more now, he bases this on the concept of
+growth."
+    Other indicators of progress include, Baker said, debtor
+nations negotiating better and better terms with commercial
+banks. "The points over LIBOR are much less," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="299" NEWID="12071">
+<DATE> 1-APR-1987 12:12:38.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1595&#31;reute
+f f BC-******UAL-INC-OFFERIN   04-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UAL INC OFFERING 5.5 MLN SHARES OF COMMON STOCK AT 56.50
+DLRS PER SHARE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="300" NEWID="12072">
+<DATE> 1-APR-1987 12:13:37.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1601&#31;reute
+h f BC-ALASKA-HOUSING-FINANC   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALASKA HOUSING FINANCE GETS CREDIT, EURO-CP PACT</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Alaska Housing Finance Corp signed a 150
+mln dlr revolving credit facility and a 150 mln dlr
+euro-commercial paper program, Merrill Lynch Capital Markets
+said.
+    The borrower is a state backed, public corporation which
+provides 70 to 85 pct of the single-family residential
+mortgages in Alaska. It is the first U.S. Municipality to
+arrange these types of facilities in the international capital
+markets.
+    The seven-year revolving credit has a commitment fee of
+0.10 pct per annum, under which drawings will be at 5/16 pct
+over the London Interbank Offered Rate (Libor).
+    The facility also incorporates a swing-line facility, which
+would allow for same day drawings in the U.S. Market for up to
+three business days at the floating U.S. Prime rate. Credit
+Lyonnais is acting as coordinator for this facility.
+    Merrill Lynch is agent for the revolving facility, which
+was lead managed by Swiss Bank Corporation (San Francisco
+branch).
+    The facility will allow the borrower to issue direct
+unsecured advances in U.S. Dlrs with maturities of up to six
+months. It also will be able to issue on an uncommitted basis
+euronotes with maturities of up to six months, which will be
+priced under the issuer-set margin system.
+    Although Alaska Housing Finance will set the interest rates
+relative to Libor for the euronotes, Merrill Lynch noted that
+it would not seek to issue the notes with a margin in excess of
+0.2125 pct per annum.
+    The euro-commercial paper program allows for the issuance
+of notes with maturities of up to 183 days. Merrill was the
+arranger for that program and will act as one of the dealers
+along with Salomon Brothers International Ltd and Swiss Bank
+Corporation International Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="301" NEWID="12073">
+<DATE> 1-APR-1987 12:15:11.01</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1610&#31;reute
+r f BC-IIF-EXECUTIVE-SEES-IN   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IIF EXECUTIVE SEES INTEREST RATES DECLINING</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Institute of International Finance
+Managing Director Horst Schulmann said that his orgnaization
+has been forecasting further declines of interest rates in the
+first half this year and then a levelling off and there is no
+reason to change that.
+    Speaking to reporters, the bank research group said that
+the increase in interest rates announced yesterday and other
+activity in the foreign exchange markets did not indicate a
+fundamental change in the outlook.
+    Schulmann, speaking broadly about the global debt problem,
+said that the International Monetary Fund should increase its
+assistance to third world countries.
+    The remarks come just before next week's meeting of the
+IMF's Interim Committee and the Joint Development Committee of
+the IMF and World Bank.
+    In a letter to the committee's, the bank group said,
+"Commercial banks cannot be the dominant supplier of balance of
+payments finance."
+    Schulmann said that IMF exposure peaked in 1985 and has
+declined a bit since then.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="302" NEWID="12074">
+<DATE> 1-APR-1987 12:15:26.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1611&#31;reute
+r f BC-BROWN-GROUP-&lt;BG>-DEBT   04-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN GROUP &lt;BG> DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Standard and Poor's Corp said it
+lowered 128 mln dlrs of Brown Group Inc's senior debt to
+A-minus from A and commercial paper to A-2 from A-1.
+    The agency said a decline in sales and profits were little
+offset from the company's retail business. Also, foreign
+producers eroded Brown's assets by gaining market share.
+    Brown's debt ratio increased to 49.8 pct by year-end 1986
+as higher inventories, and a four-year stock repurchase program
+has required additional financing, S and P said.
+    Restructuring efforts should improve productivity but not
+in the forseeable future, the agency added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="303" NEWID="12075">
+<DATE> 1-APR-1987 12:15:41.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1612&#31;reute
+u f BC-PROVINSBANKEN-INCREAS   04-01 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROVINSBANKEN INCREASES EURO-CP PROGRAM</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>A euro-commercial paper program for
+Provinsbanken A/S of Denmark has been increased to 250 mln dlrs
+from the original 100 mln, Merrill Lynch Capital Markets said.
+    The program allows the Danish bank to issue
+euro-certificates of deposit with maturities of up to 365 days.
+    Merrill Lynch will continuue to act as dealer for the
+program, with Shearson Lehman Brothers International and S.G.
+Warburg and Co Ltd as co-dealers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="304" NEWID="12076">
+<DATE> 1-APR-1987 12:16:29.46</DATE>
+<TOPICS><D>rapeseed</D><D>oilseed</D></TOPICS>
+<PLACES><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1618&#31;reute
+u f BC-JAPANESE-CRUSHERS-BUY   04-01 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE CRUSHERS BUY CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, April 1 - </DATELINE><BODY>Japanese crushers bought 5,000 to 6,000
+tonnes of Canadian rapeseed for May shipment in export business
+overnight, trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="305" NEWID="12077">
+<DATE> 1-APR-1987 12:17:31.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1627&#31;reute
+d f BC-WALKER-TELECOMMUNICAT   04-01 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALKER TELECOMMUNICATIONS CORP &lt;WTEL> 4TH QTR</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., April 1 -
+    </DATELINE><BODY>Shr loss 58 cts vs loss nil
+    Net loss 2.9 mln vs loss 17,818
+    Revs 5.0 mln vs 7.4 mln
+    Year
+    Shr loss 45 cts vs profit four cts
+    Net loss 2.0 mln vs profit 174,562
+    REvs 28.5 mln vs 25.2 mln
+   
+    NOTE:1986 4th qtr loss includes loss of 2.2 mln dlrs from
+discontinuance of operations. 1985 4th qtr includes loss of
+79,395 dlrs from discontinued operations.
+    1986 4th qtr includes 3.5 mln dlr provision for costs
+anticipated in connection with disposal of division and 500,000
+dlrs in adjustments related to write-downs. 1985 4th qtr
+includes gain of 178,000 dlrs for exchange of telephone
+inventory for barter credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="306" NEWID="12078">
+<DATE> 1-APR-1987 12:17:51.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1630&#31;reute
+h f BC-BROKERS-SECURITIES-IN   04-01 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROKERS SECURITIES INC &lt;BKRS> 4TH QTR LOSS</TITLE>
+<DATELINE>    NORFOLK, Va., April 1 - 
+    </DATELINE><BODY>Shr loss 16 cts vs profit 23 cts
+    Net loss 97,600 vs profit 91,980
+    Revs 302,745 vs 359,699
+    Avg shrs 621,036 vs 388,536
+    Year
+    Shr profit seven cts vs profit 36 cts
+    Net profit 36,400 vs profit 140,980
+    Revs 1,610,286 vs 763,071
+    Avg shrs 512,235 vs 388,536
+   
+    Note: Year-ago net includes extraordinary gains of 33,654
+for qtr and 42,654 for the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="307" NEWID="12079">
+<DATE> 1-APR-1987 12:18:02.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1632&#31;reute
+h f BC-FIRST-WORLD-CHEESE-IN   04-01 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST WORLD CHEESE INC &lt;FWCH> 4TH QTR LOSS</TITLE>
+<DATELINE>    SOUTH ORANGE, N.J., April 1 - 
+    </DATELINE><BODY>Shr loss 15 cts vs profit nil
+    Net loss 392,428 vs profit 1,255
+    Revs 6,371,092 vs 3,031,091
+    Avg shrs 2,544,000 vs 1,440,000
+    Year
+    Shr loss 13 cts vs profit seven cts
+    Net loss 274,951 vs profit 100,534
+    Revs 18.1 mln vs 10.8 mln
+    Avg shrs 2,072,153 vs 1,440,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="308" NEWID="12080">
+<DATE> 1-APR-1987 12:20:34.53</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1638&#31;reute
+r f BC-YUGOSLAV-RETAIL-PRICE   04-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAV RETAIL PRICES UP 7.0 PCT IN MARCH</TITLE>
+<DATELINE>    BELGRADE, April 1 - </DATELINE><BODY>Yugoslav retail prices in March rose
+7.0 pct from February, to stand 93.2 pct higher than in March
+1986, Federal Statistics Office (FSO) figures show.
+    In February, retail prices rose 7.2 pct from January to
+stand 91.6 pct higher than in February 1986.
+    The cost of living, which includes rents and costs such as
+utilities and transport, was up 7.8 pct in March from February
+to stand 94.8 pct higher than in March 1986, the FSO said.
+    In February the cost of living increased 7.3 pct from
+January and stood 93.6 pct higher than in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="309" NEWID="12081">
+<DATE> 1-APR-1987 12:20:40.01</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1639&#31;reute
+r f BC-n'orleans-grain-ships   04-01 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN SHIPS WAITING AT NEW ORLEANS</TITLE>
+<DATELINE>    New Orleans, April 1 - </DATELINE><BODY>Ten grain ships were loading and 18
+were waiting to load at New Orleans elevators, trade sources
+said.
+ ELEVATOR                     LOADING  WAITING
+ Continental Grain, Westwego     1      3
+ Mississippi River, Myrtle Grove 2      0
+ ADM Growmark                    1      4
+ Bunge Grain, Destrehan          1      0
+    ELEVATOR                LOADING  WAITING
+ ST CHARLES DESTREHAN         1      3
+ RESERVE ELEVATOR CORP        0      1
+ PEAVEY CO, ST ELMO           1      2
+ CARGILL GRAIN, TERRE HAUTE   1      4
+ CARGILL GRAIN, PORT ALLEN    1      0
+ ZEN-NOH                      1      1
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="310" NEWID="12082">
+<DATE> 1-APR-1987 12:23:43.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1648&#31;reute
+b f BC-/UAL&lt;UAL>-OFFERING-5.   04-01 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL&lt;UAL> OFFERING 5.5 MLN SHARES OF COMMON STOCK</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>UAL Inc said it is offering 5.5 mln
+shares of its common stock at 56.50 dlrs a share for a total
+aggregate value of 310.8 mln dlrs.
+    UAL said it made the move principally to broaden its equity
+base, thereby making additional borrowing for ongoing capital
+requirements easier.
+    UAL said it will add the offering's net proceeds to general
+corporate funds, adding that it expects to invest the money in
+short term cash instruments initially.
+    UAL said Morgan Stanley and Co Inc and Merrill Lynch
+Capital Markets have underwritten the issue in the U.S., where
+four mln shares are being offered.
+    The remaining one mln shares is being offered overseas
+through underwriters Morgan Stanley International and Merrill
+Lynch Capital Markets, UAL said.
+    It added that an additional 500,000 shares is for
+overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="311" NEWID="12083">
+<DATE> 1-APR-1987 12:27:23.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1652&#31;reute
+u f BC-J.C.-PENNEY-&lt;JCP>-TO   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.C. PENNEY &lt;JCP> TO BUY EQUITY IN BEEBA'S</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>J.C. PEnney Co Inc said it signed a
+letter of intent to acquire one mln shares, or a 20 pct equity
+interest, of Beeba's Creations Inc &lt;BEBA> for 18.75 dlrs a
+share.
+    Penney said the agreement also calls for Beeba's, a major
+supplier of junior sportswear, to work with Penny in the
+establishment of junior specialty shops to be created in about
+100 Penney stores in early 1988.
+    Freestanding stores are also being planned, the company
+said. Beeba's will be the principal source of merchandise to
+the shops, it said.
+    For the six months ended February 28, Beeba's reported net
+income of 1.2 mln dlrs on sales of 39.4 mln dlrs.
+    Penney said it will establish an independent merchandising
+and marketing organization to manage and support the shops
+which will be staffed by personnel both from within and outside
+the company.
+    The company said the new agreement would have no impact on
+its current supplier base and it will continue to work with as
+braod base of suppliers of junior sportswear as it does in its
+other merchandise areas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="312" NEWID="12084">
+<DATE> 1-APR-1987 12:27:48.50</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1653&#31;reute
+r f BC-AUSTRIAN-BANKS-DIVIDE   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRIAN BANKS DIVIDED OVER INTEREST RATE CUT</TITLE>
+<DATELINE>    VIENNA, April 1 - </DATELINE><BODY>Calls for a cut in Austrian interest
+rates have grown in recent days but bank chiefs are divided
+over the issue.
+    Karl Vak, General Director of the Zentralsparkasse und
+Kommerzialbank, Wien, called today for a cut of up to half a
+percentage point in interest rates across the board. But Hannes
+Androsch, head of Creditanstalt-Bankverein &lt;CABV.VI> told
+Reuters he opposed a cut because it would hurt small savers.
+    Vak told a news conference that last January's cut in
+lending rates for commercial customers and for all depositors
+by a quarter point had been insufficient.
+    The January cut followed the National Bank's lowering of
+its discount and Lombard rates by half a point in line with a
+similar Bundesbank move. Prime lending rate is now 8.75 pct and
+deposit rates vary between 3.25 and 5.75 pct.
+    Yesterday Hellmuth Klauhs, head of the Genossenschaftliche
+Zentralbank AG, said rates could fall at least a quarter of a
+point, or even half a point if German rates dropped further.
+    Vak noted that inflation had fallen below one pct. A
+widening gap between Austrian rates and cheaper West German
+credit along with forecasts of slow Austrian economic growth
+this year also justified a further interest drop, he said.
+    Karl Pale, head of Girozentrale und Bank der
+oesterreichischen Sparkassen AG [GIRV.VI] has also called for
+lower deposit rates but said lending rates should remain
+unchanged at the moment. Interest margins were too small,
+particularly when compared with other West European countries.
+    But Hans Haumer, head of the Erste Oesterreichische
+Spar-Casse-Bank told Reuters that no cut should be made unless
+West German rates came down first.
+    Banking sources said no bank seemed ready to lower rates
+alone and supporters of a cut would have difficulty overcoming
+opposition from Creditanstalt, Austria's biggest bank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="313" NEWID="12085">
+<DATE> 1-APR-1987 12:28:13.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1654&#31;reute
+u f BC-A.G.-EDWARDS-INC-&lt;AGE   04-01 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A.G. EDWARDS INC &lt;AGE> 4TH QTR FEB 28 NET</TITLE>
+<DATELINE>    ST. LOUIS, April 1 -
+    </DATELINE><BODY>Shr 81 cts vs 63 cts
+    Net 16,900,000 vs 13,100,000
+    Revs 152.5 mln vs 118.1 mln
+    Year
+    Shr 2.59 dlrs vs 1.85 dlrs
+    Net 53,700,000 vs 38,100,000
+    Revs 526.3 mln vs 404.3 mln
+    NOTE: Prior year earnings reflect a three-for-two stock
+split distributed in May, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="314" NEWID="12086">
+<DATE> 1-APR-1987 12:36:11.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1683&#31;reute
+r f BC-GRUMMAN-&lt;GQ>-WINS-28   04-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRUMMAN &lt;GQ> WINS 28 MLN DLR CONTRACT</TITLE>
+<DATELINE>    BETHPAGE, N.Y., April 1 - </DATELINE><BODY>Grumman Corp said it was awarded
+a 28 mln dlr contract by McDonnell Douglas Corp &lt;MD> to develop
+flight control surfaces for the United States Air Force's new
+C-17 transport aircraft.
+    Grumman said it will design, develop and build the 
+ailerons, rudders and elevators for the transport.
+    The company said the production phase of the contract has a
+potential value of about 300 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="315" NEWID="12087">
+<DATE> 1-APR-1987 12:36:20.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1684&#31;reute
+r f BC-PERIPHERAL-SYSTEMS-&lt;P   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERIPHERAL SYSTEMS &lt;PSIX> AGRESS TO BUY COMPANY</TITLE>
+<DATELINE>    PORTLAND, Ore., April 1 - </DATELINE><BODY>Peripheral Systems Inc said it
+agreed in principle to acquire the outstanding shares of
+&lt;Nucell Inc>.
+    The agreement calls for an exchange of one share of
+Peripheral for each share of Nucell, subject to approval by
+both companies' boards, it said.
+    Peripheral said its increased involvement in the
+development of Nucell's nuclear battery technology made the
+merger practical.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="316" NEWID="12088">
+<DATE> 1-APR-1987 12:36:28.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1685&#31;reute
+r f BC-TEXAS-EASTERN-&lt;TET>-U   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS EASTERN &lt;TET> UNIT TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Texas Eastern Transmission Corp, a unit
+of Texas Eastern Corp, said it plans to redeem on April 30 its
+outstanding 100 mln dlrs of 13 pct debentures due 2009 and 100
+mln dlrs of 12-3/4 pct debentures of 2008.
+    It will buy back the 13 pct issue at 111.70 pct of the
+principal amount, plus accrued interest. It will redeem the
+12-3/4s at 110.52 pct of principal plus accrued interest.
+    The unit will use part of the proceeds from the recent sale
+of units of Petrolane Partners L.P. to finance the early
+redemptions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="317" NEWID="12089">
+<DATE> 1-APR-1987 12:39:47.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1691&#31;reute
+u f BC-U.S.,-JAPAN-CHIP-TALK   04-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., JAPAN CHIP TALKS TO START NEXT WEEK</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. and Japanese negotiators will
+hold emergency meetings next week to try to resolve their row
+over semiconductors, but a U.S. official said it was not likely
+the talks would delay the planned American sanctions.
+    Officials said the talks, which were announced yesterday by
+U.S. Trade Representative Clayton Yeutter, were being held
+under the emergency provisions of the U.S.-Japanese
+semiconductor agreement.
+    A spokesman for Yeutter said officials of the Japanese
+Ministry of International Trade and Industry (MITI) would hold
+technical talks with U.S. officials next Monday and Tuesday.
+    The spokesman, Gary Holmes, said that on Thursday and
+Friday Deputy U.S. Trade Representative Michael Smith would
+meet with MITI vice president Makoto Kuroda.
+    But Holmes added "do not expect the problem to be resolved
+or the sanctions not to go into effect."
+    The 300 mln dlrs in tariffs on Japanese exports is set to
+go into effect on April, following public hearings which begin
+in Washington on April 13.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="318" NEWID="12090">
+<DATE> 1-APR-1987 12:40:17.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1692&#31;reute
+u f BC-PACKARD-&lt;HWP>-CUTS-PE   04-01 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACKARD &lt;HWP> CUTS PERSONAL COMPUTER PRICES</TITLE>
+<DATELINE>    PALO ALTO, Calif., April 1 - </DATELINE><BODY>Hewlett-Packard Co said it
+reduced prices by up to 15 pct on two models of its HP Vectra
+PC, an International Business Machines Corp PC/AT-compatible
+personal computer.
+    The company said the move reflects lower material costs,
+streamlined production processes and reduced manufacturing
+costs.
+    Hewlett-Packard said it cut the price for its Vectra PC
+Model 50 to 3,995 dlrs from 4,695 dlrs and lowered the price
+for its Model 60 to 4,795 dlrs from 5,495 dlrs.
+    In addition, the company said it reduced prices by up to 29
+pct for pre-configured HP Vectra systems used in specific
+applications.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="319" NEWID="12091">
+<DATE> 1-APR-1987 12:41:40.28</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1696&#31;reute
+h f BC-MANUFACTURERS-NATIONA   04-01 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURERS NATIONAL &lt;MNTL> UNIT LIFTS RATE</TITLE>
+<DATELINE>    DETROIT, April 1 - </DATELINE><BODY>Manufacturers National Corp's
+Manufacturers Bank-Wilmington said it increased the interest
+rate on its no-fee variable rate MasterCard to 13.6 pct from
+13.3 pct.
+    The new interest rate applies to the second quarter. The
+rate on the card is set quarterly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="320" NEWID="12092">
+<DATE> 1-APR-1987 12:42:04.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G M T
+&#22;&#22;&#1;f1698&#31;reute
+u f BC-U.S.-TREASURY-SECRETA   04-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY SECRETARY SAYS NO BRAZIL CRISIS</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+said he did not believe Brazil was currently in a crisis
+because of its debt situation and hoped the country would
+resolve its differences with commerical banks through direct
+negotiations.
+    Answering questions before a House appropriations
+subcommittee, Baker told a questioner "I disagree with your
+crisis characterization" regarding Brazil.
+    He said that while the U.S. Treasury regretted Brazil's
+interest payment moratorium on commercial bank debt, "We hope
+and believe they'll resolve this through direct negotiations
+(with the banks)."
+    Baker said the financial community around the world
+believes it is imperative that Brazil comes up with a
+comprehensive program to adjust its economy.
+    In other comments on foreign debt, Baker said that the
+situation has improved since mid-1982 because the banks are in
+much better shape and have rebuilt reserves.
+    He also noted interest rates are considerably lower today
+than they were when the crisis broke out and the rate of
+increase in debt has slowed considerably.
+    In addition, Baker noted a number of debtors are making
+reasonably good economic progress, and he cited Mexico in
+particular.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="321" NEWID="12093">
+<DATE> 1-APR-1987 12:42:22.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1701&#31;reute
+r f BC-FIRST-CHICAGO-&lt;FNB>-U   04-01 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CHICAGO &lt;FNB> UNIT BUYS BANKS</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>First Chicago Corp's American National
+Bank unit said it completed the acquisition of four suburban
+Chicago banks with combined assets of about 231 mln dlrs.
+    The banks are National Bank of North Evanston, Elgin
+National bank, First National Bank of Schiller Park and
+Merchants and Manufacturers State Bank in Melrose Park.
+    American National now owns nine banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="322" NEWID="12094">
+<DATE> 1-APR-1987 12:42:29.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1702&#31;reute
+w f BC-CENTERRE-&lt;CTBC>-ACQUI   04-01 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTERRE &lt;CTBC> ACQUIRES BENEFIT PLAN SERVICES</TITLE>
+<DATELINE>    ST. LOUIS, April 1 - </DATELINE><BODY>Centerre Bancorp said it completed the
+acquisition of Benefit Plan Services Inc, Maryland Heights,
+Mo., which specializes in designing and administering small and
+moderately sized pension plans.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="323" NEWID="12095">
+<DATE> 1-APR-1987 12:43:09.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1706&#31;reute
+w f BC-DIAMOND-STAR-MOTORS-N   04-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND-STAR MOTORS NAMES ADDITIONAL SUPPLIERS</TITLE>
+<DATELINE>    BLOOMINGTON, ILL., April 1 - </DATELINE><BODY>Diamond-Star Motors Corp, the
+joint-venture company owned by Chrysler Corp &lt;C> and Mitsubishi
+Motors, named additional production suppliers for the new
+vehicle to be produced at the company's plant under
+construction in Bloomington, Ill.
+    It said Amtex Inc, Sidney, Ohio, was selected to supply
+trunk floor carpets and Bluewater Plastics Inc, Marysville,
+Mich., duct assemblies and column covers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="324" NEWID="12096">
+<DATE> 1-APR-1987 12:45:05.95</DATE>
+<TOPICS><D>stg</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1711&#31;reute
+f f BC-LAWSON-TELLS-PANEL--H   04-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LAWSON TELLS PANEL  HE WANTS STERLING TO STAY AROUND 1.60
+DLRS, 2.90 MARKS.
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="325" NEWID="12097">
+<DATE> 1-APR-1987 12:45:14.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1712&#31;reute
+d f BC-NASD-DENIES-APPLICATI   04-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASD DENIES APPLICATION</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The National Association of
+Securities Dealers Inc. denied Kirk Knapp's application to
+become a registered member of the firm.
+    NASD's board of governors said it denied the application of
+Knapp to become registered with K.A. Knapp and Co, located in
+Grand Rapids, Mich. The board said it based its decision on two
+statutory disqualifications.
+    In the first case, the board said it found Knapp failed to
+maintain rquired net capital, filed inaccurate Focus Part 1
+reports and inaccurately calculated the amount required to be
+on deposit in the Special Reserve Account.
+    The second case involved Knapp being enjoined from
+violations of sections of the Securities Exchange Act, the NASD
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="326" NEWID="12098">
+<DATE> 1-APR-1987 12:45:26.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1714&#31;reute
+h f BC-CONOLOG-CORP-&lt;CNLG>-2   04-01 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONOLOG CORP &lt;CNLG> 2ND QTR JAN 31 NET</TITLE>
+<DATELINE>    SOMERVILLE, N.J., April 1 - 
+    </DATELINE><BODY>Shr two cts vs two cts
+    Net 69,831 vs 107,773
+    Revs 1,068,905 vs 2,401,518
+    Six mths
+    Shr three cts vs three cts
+    Net 129,649 vs 155,089
+    Revs 2,673,141 vs 4,666,104
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="327" NEWID="12099">
+<DATE> 1-APR-1987 12:45:33.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1715&#31;reute
+d f BC-FIRST-OF-AMERICA-&lt;FAB   04-01 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST OF AMERICA &lt;FABK>, MICHIGAN BANK AFFILIATE</TITLE>
+<DATELINE>    KALAMAZOO, Mich., April 1 - </DATELINE><BODY>First of America Bank Corp said
+it completed its affiliation with Lewiston State Bank of
+Lewiston, Mich.
+    The Lewiston bank, which has been renamed First of America
+Bank-Lewiston, has assets of 54.9 mln dlrs. First of America
+has assets of more than 7.9 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="328" NEWID="12100">
+<DATE> 1-APR-1987 12:46:11.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1716&#31;reute
+r f BC-REYNOLDS-AND-REYNOLDS   04-01 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REYNOLDS AND REYNOLDS &lt;REYNA> TO FIGHT SUIT</TITLE>
+<DATELINE>    DAYTON, Ohio, April 1 - </DATELINE><BODY>The Reynolds and Reynolds Co said
+it will fight a suit filed against it by &lt;Advanced Voice
+Technologies> alleging misappropriation of trade secrets.
+    The company reiterated its denial of the charges, stating
+there was no merit for the suit. The company said it will file
+a response to the suit with Federal court in Detroit by April
+7.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="329" NEWID="12101">
+<DATE> 1-APR-1987 12:46:51.68</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1717&#31;reute
+u f BC-BANKERS-TRUST-&lt;BT>-RA   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST &lt;BT> RAISES PRIME LENDING RATE</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Bankers Trust Co said it has raised its
+prime lending rate to 7-3/4 pct from 7-1/2, effective
+immediately.
+    This move is the latest in a series of similar actions by
+leading U.S. money center banks, including Citibank NA and
+Chase Manhattan Bank NA, over the last 24 hours.
+    AmeriTrust Corp of Ohio also raised its prime lending rate
+to 7-3/4 pct from 7-1/2, effective tomorrow.     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="330" NEWID="12102">
+<DATE> 1-APR-1987 12:47:18.24</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1720&#31;reute
+r f BC-BOATMEN'S-NATIONAL-BA   04-01 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOATMEN'S NATIONAL BANK &lt;BOAT> RAISES PRIME</TITLE>
+<DATELINE>    ST. LOUIS, April 1 - </DATELINE><BODY>Boatmen's Bancshares said its
+Boatmen's National Bank raised the prime rate to 7-3/4 pct from
+7-1/2 pct, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="331" NEWID="12103">
+<DATE> 1-APR-1987 12:47:44.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1721&#31;reute
+r f BC-HOMESTEAD-&lt;HFL>-BEGIN   04-01 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOMESTEAD &lt;HFL> BEGINS PUBLIC SHARE OFFERING</TITLE>
+<DATELINE>    BURLINGAME, Calif., April 1 - </DATELINE><BODY>Homestead Financial Corp said
+it began a public offering of 3,500,000 shares of its class A
+common at 10.875 dlrs per share, through an underwriting group
+managed by Drexel Burnham Lambert Inc and Merrill Lynch Capital
+Markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="332" NEWID="12104">
+<DATE> 1-APR-1987 12:48:35.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1724&#31;reute
+r f BC-S/P-UPGRADES-TEXAS-AI   04-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P UPGRADES TEXAS AIR &lt;TEX> UNIT'S CERTIFICATES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Standard and Poor's Corp said it raised
+to B from CCC 268.9 mln dlrs of equipment trust certificates of
+Texas Air Corp's Eastern Air Lines Inc unit.
+    S and P cited its new policy on rating secured airline debt
+with special protection under Section 1110 of the Bankruptcy
+Code. But the agency cautioned this did not reflect a change in
+the unit's underlying credit strength.
+    The certificates and 225.9 mln dlrs of CC subordinated debt
+remain on S/P creditwatch with positive implications. Eastern
+lost 130.8 mln dlrs in 1986 because of competition and customer
+uncertainty over its future, S and P noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="333" NEWID="12105">
+<DATE> 1-APR-1987 12:49:21.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1726&#31;reute
+u f BC-FINNAIR-TO-BUY-TWO-MC   04-01 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNAIR TO BUY TWO MCDONNELL DOUGLAS AIRCRAFTS</TITLE>
+<DATELINE>    LONG BEACH, Calif, April 1 - </DATELINE><BODY>McDonnell Douglas Corp &lt;MD>
+said Finnair, the national airline of Finland, will purchase
+two McDonnell Douglas MD-11 advanced long-range tri-jets with
+options for two more.
+    Terms were not immediately disclosed.
+    The first of the aircraft will be delivered in October 1990
+and the second in May 1991.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="334" NEWID="12106">
+<DATE> 1-APR-1987 12:50:44.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1729&#31;reute
+r f BC-UNICORP-VOTING-STAKE   04-01 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNICORP VOTING STAKE HIKED IN UNION ENTERPRISES</TITLE>
+<DATELINE>    TORONTO, April 1 - </DATELINE><BODY>&lt;Union Enterprises Ltd> said holders of
+7.2 mln or 80 pct of its class A series one preferred shares
+requested to retract their shares under terms of the issue,
+thus raising &lt;Unicorp Canada Corp>'s voting stake in Union to
+58 pct from 50.
+    Union said it paid about 90 mln dlrs on April 1 for the
+retraction, using existing credit lines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="335" NEWID="12107">
+<DATE> 1-APR-1987 12:51:00.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1730&#31;reute
+r f BC-U.S.,-JAPAN-CHIP-TALK   04-01 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., JAPAN CHIP TALKS TO START NEXT WEEK</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. and Japanese negotiators will
+hold emergency meetings next week to try to resolve their row
+over semiconductors, but a U.S. official said it was not likely
+the talks would delay the planned American sanctions.
+    Officials said the talks, which were announced yesterday by
+U.S. Trade Representative Clayton Yeutter, were being held
+under the emergency provisions of the U.S.-Japanese
+semiconductor agreement.
+    A spokesman for Yeutter said officials of the Japanese
+Ministry of International Trade and Industry (MITI) would hold
+technical talks with U.S. officials next Monday and Tuesday.
+    The spokesman said that on Thursday and Friday Deputy U.S.
+Trade Representative Michael Smith would meet with MITI vice
+president Makoto Kuroda.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="336" NEWID="12108">
+<DATE> 1-APR-1987 12:51:17.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1731&#31;reute
+d f BC-PROPOSED-OFFERINGS   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Southeast Banking Corp &lt;STB> - Offering of 50 mln dlrs of
+convertible subordinated capital notes due 1999 through Lazard
+Freres and Co.
+    Burlington Industries Inc &lt;BUR> - Offering of 100 mln dlrs
+of sinking fund debentures due 2017 through Kidder, Peabody and
+Co Inc and an offering of 75 mln dlrs of convertible
+subordinated debentures due 2012 through an underwriting group
+led by Kidder, Peabody.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="337" NEWID="12109">
+<DATE> 1-APR-1987 12:51:47.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1733&#31;reute
+u f BC-AMERICAN-MOTORS&lt;AMO>   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MOTORS&lt;AMO> EXTENDS INCENTIVE PROGRAM</TITLE>
+<DATELINE>    SOUTHFIELD, MICH., April 1 - </DATELINE><BODY>American Motors Corp said it
+is extending and enhancing its buyer-incentive programs on
+Renault Alliance, Encore and GTA models and Jeep Comanche,
+Cherokee and Wagoneer to April 10. The incentives were to have
+expired March 31.
+    New to the April program is the combination of a
+low-interest annual percentage financing program and 1986 and
+1987 Renault vehicles and a 500 dlr rebate.
+    It said buyers of 1986 and 1987 Jeep Cherokee, Wagoneer and
+Comanche vehicles have a choice of the financing program or a
+rebate.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="338" NEWID="12110">
+<DATE> 1-APR-1987 12:52:01.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1734&#31;reute
+r f BC-STARRETT-HOUSING-CORP   04-01 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STARRETT HOUSING CORP &lt;SHO> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 1 - 
+    </DATELINE><BODY>Oper shr 20 cts vs eight cts
+    Oper net 1,869,000 vs 957,000
+    Revs 41.0 mln vs 22.9 mln
+    Year
+    Oper shr 52 cts vs 53 cts
+    Oper net 5,386,000 vs 5,147,000
+    Revs 116.8 mln vs 98.3 mln
+    Note: Oper excludes extraordinary reserves related to
+arbitration of Iranian claims of 2,062,000 vs 3,200,000 for qtr
+and year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="339" NEWID="12111">
+<DATE> 1-APR-1987 12:53:23.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1739&#31;reute
+r f BC-DAMSON-OIL-&lt;DAM>-CONV   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAMSON OIL &lt;DAM> CONVERTS MORTGAGE BONDS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Damson Oil Corp said that beginning
+today any holder of its 15 pct dual convertible mortgage bonds
+due 1997 has the right to convert up to one half of the
+principal amount into common stock during a 30-day special
+conversion period.
+    The holder may convert the remaining half of the principal
+amount beginning May one at a conversion price calculated
+according to terms of the indenture, Damson said.
+    The company added that any holder choosing not to convert
+the bonds during either of the two special conversion periods
+will receive no interest on bonds still held after May one.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="340" NEWID="12112">
+<DATE> 1-APR-1987 12:53:49.81</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1741&#31;reute
+u f BC-FIRST-WISCONSIN-NAT'L   04-01 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST WISCONSIN NAT'L BANK&lt;FWB> HIKES PRIME RATE</TITLE>
+<DATELINE>    MILWAUKEE, April 1 - </DATELINE><BODY>First Wisconsin National Bank said it
+has raised its prime rate to 7-3/4 pct from 7-1/2 pct,
+effective today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="341" NEWID="12113">
+<DATE> 1-APR-1987 12:53:57.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1742&#31;reute
+r f BC-CENTRAL-AND-SOUTH-&lt;CS   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL AND SOUTH &lt;CSR> UNIT TO REDEEM STOCK</TITLE>
+<DATELINE>    DALLAS, April 1 - </DATELINE><BODY>Central and South West Corp said it
+Southwestern Electric Power Co subsidiary will redeem all
+300,000 shares outstanding of its 8.16 pct preferred stock, par
+value 100 dlrs per share, on May one.
+    It said the redemption price is 103.72 dlrs a share plus
+accrued and unpaid dividends from April one to May one of 68
+cts per share for a total of 194.40 dlrs a share paid to
+shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="342" NEWID="12114">
+<DATE> 1-APR-1987 12:54:09.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1743&#31;reute
+r f BC-GAC-LIQUIDATING-TRUST   04-01 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAC LIQUIDATING TRUST &lt;GACTZ> SETS CASH PAYOUT</TITLE>
+<DATELINE>    CORAL GABLES, Fla., April 1 - 
+    </DATELINE><BODY>Unit distribution one dlr vs 1.75 dlrs prior
+    pay June one
+    Record May one
+    Note: Prior distribution declared in April 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="343" NEWID="12115">
+<DATE> 1-APR-1987 12:54:22.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1745&#31;reute
+d f BC-WRATHER-CORP-&lt;WCO>-4T   04-01 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WRATHER CORP &lt;WCO> 4TH QTR LOSS</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., April 1 -
+    </DATELINE><BODY>Shr loss 53 cts vs loss 55 cts
+    Net loss 3,865,000 vs 3,963,000
+    Revs 24.2 mln vs 26.8 mln
+    Year
+    Shr loss 1.21 dlrs vs profit 56 cts
+    Net loss 8,758,000 vs profit 4,040,000
+    Revs 108.5 mln vs 113.8 mln
+
+    Note: Prior qtr figures include income from discontinued
+operations of 10,000 dlrs, gain on disposal of discontinued
+operations of 269,000 dlrs, or four cts per share, and
+operating loss carryforward gain of 936,000 dlrs, or 13 cts per
+share.
+    Prior year figures include income from discontinued
+operations of 164,000 dlrs, or two cts per share, gain on
+disposal of discontinued operation of 3.9 mln dlrs, or 54 cts
+per share, and operating loss carryforward gain of 3.7 mln
+dlrs, or 48 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="344" NEWID="12116">
+<DATE> 1-APR-1987 12:54:46.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1746&#31;reute
+d f BC-KRAFT-&lt;KRA>-SEES-HIGH   04-01 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRAFT &lt;KRA> SEES HIGHER CAPITAL SPENDING</TITLE>
+<DATELINE>    GLENVIEW, ILL., April 1 - </DATELINE><BODY>Kraft Inc said in its annual
+report it expects 1987 capital expenditures to be between 250
+mln dlrs and 300 mln dlrs.
+    The company said it invested 209 mln dlrs in property,
+plant and equipment in 1986, up from 181 mln dlrs in 1985.
+    Kraft also said its advertising expenditures for 1987 are
+expected to match the five-year compounded 15 pct rate of
+increase recorded in 1986, when such expenditures totaled 433
+mln dlrs.
+    Kraft said research and development expenditures rose 12
+pct in 1986 to 66.7 mln dlrs, and a greater increase in seen in
+1987.
+    It cited a continued emphasis on new product development,
+advances in cheese and edible-oil technologies, further
+adaptation of tamper-evident packaging and continued
+development of consumer battery technologies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="345" NEWID="12117">
+<DATE> 1-APR-1987 12:55:23.81</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1748&#31;reute
+r f BC-EC-SUGAR-IMPORT-LEVIE   04-01 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SUGAR IMPORT LEVIES</TITLE>
+<DATELINE>    BRUSSELS, April 1 - </DATELINE><BODY>The following import levies for white
+and raw sugar are effective tomorrow, in European currency
+units (ecu) per 100 kilos.
+    White sugar, denatured and non-denatured 51.94 versus 51.36
+previously.
+    Raw sugar, denatured and non-denatured 44.05 versus 43.69
+previously.
+    The rate for raws is based on 92 pct yield.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="346" NEWID="12118">
+<DATE> 1-APR-1987 12:56:00.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1750&#31;reute
+d f BC-WEATHERFORD-INT'L-&lt;WI   04-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEATHERFORD INT'L &lt;WII> GETS DEBT AGREEMENT</TITLE>
+<DATELINE>    HOUSTON, April 1 - </DATELINE><BODY>Weatherford International Inc said it
+reached an agreement to restructure about 41 mln dlrs of debt
+held by bank and insurance company lenders.
+    Under the agreement, the oil drilling equipment and oil
+services company will pay reduced quarterly interest payments
+on part of its bank revolving credit loans and industrial
+revenue bonds. Remaining interest will be deferred until Jan 1,
+1991.
+    Principal payments will be deferred, with semi-annual
+payments of 1.75 mln dlrs to start on Dec 31, 1989 and all
+remaining principal due Jan 1, 1991.
+    Additional interest and principal payments may be due on
+the bank revolving credit lines if the company generates more
+cash than it needs for operations.
+    Term of the debt held by insurance company lenders will be
+extended by one year until December 1990 by reducing the
+principal due last year and this year. Otherwise, interest and
+principal payments will continue to be made as scheduled in the
+existing agreements.
+    The proposed restructuring will reduce Weatherford's cash
+requirements by about three mln dlrs in 1987 and 2.5 mln dlrs
+in 1988, it said.
+    The company, which is still in default, said it expects to
+completed amended loan agreements during the next few months.
+    The company also said the recently announced sale of a
+non-core production equipment unit and a Mexican subsidiary
+will not have a material impact on future revenues and will
+eliminate exposure to future losses.
+    It has consolidated other U.S. and foreign manufacturing
+operations to reduce costs and written down certain inventories
+to better reflect their value, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="347" NEWID="12119">
+<DATE> 1-APR-1987 12:58:05.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1760&#31;reute
+s f BC-MURPHY-OIL-CORP-&lt;MUR>   04-01 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MURPHY OIL CORP &lt;MUR> SETS REGULAR DIVIDEND</TITLE>
+<DATELINE>    EL DORADO, Ark., April 1 - 
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay June one
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="348" NEWID="12120">
+<DATE> 1-APR-1987 12:59:08.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1765&#31;reute
+u f BC-TREASURY'S-BAKER-BACK   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER BACKS HOUSE PANEL'S FSLIC BILL</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Treasury Secretary James Baker said
+the administration backs the Federal Savings and Loan Insurance
+Corp (FSLIC) recapitalization bill approved by the House
+Banking Committee and opposes the Senate-passed version.
+    Baker told a House Appropriations Subcommittee the 15
+billion dlr recapitalization plan approved by the House panel
+was sufficient while the 7.5 billion dlr plan in the
+Senate-passed bill was "inadequate."
+    He also urged the House to reject loophole-closing
+provisions in the Senate bill that would restrict banking
+activities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="349" NEWID="12121">
+<DATE> 1-APR-1987 13:00:29.95</DATE>
+<TOPICS><D>stg</D><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1766&#31;reute
+b f BC-LAWSON-WANTS-STERLING   04-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON WANTS STERLING AROUND 1.60 DLRS, 2.90 MKS</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson said he wanted sterling to stay roughly where it was,
+specifying a rate of around 2.90 marks and 1.60 dlrs.
+    He told the National Economic Development Council that the
+recent Paris meeting of major industrialised nations had agreed
+on the need for exchange rate stability. There was now a
+"reasonable alignment of currencies" and the U.K. Government
+intended to keep sterling at about its present level, he said.
+    That meant around 2.90 marks, which is the single most
+important rate to concentrate on, and 1.60 dlrs, Lawson said.
+    His disclosure of two of the key targets for sterling was
+highly unusual, foreign exchange market analysts said.
+    In the past he has preferred to be less definite about the
+Government's exchange rate policy, lest it give foreign
+exchange markets set limits to test.
+    Lawson told the committee, which is a tripartite forum of
+government, unions and industry, that the pound would be kept
+near its present level by a mixture of interest rates and
+intervention in the foreign exchange markets.
+    The pound finished trading here today at 1.6040/50 dlrs and
+2.9210/45 marks.
+    His disclosure of two of the key targets for sterling was
+highly unusual, foreign exchange market analysts said.
+    In the past he has preferred to be less definite about the
+Government's exchange rate policy, lest it give foreign
+exchange markets set limits to test.
+    Lawson told the committee, which is a tripartite forum of
+government, unions and industry, that the pound would be kept
+near its present level by a mixture of interest rates and
+intervention in the foreign exchange markets.
+    The pound finished trading here today at 1.6040/50 dlrs and
+2.9210/45 marks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="350" NEWID="12122">
+<DATE> 1-APR-1987 13:03:21.77</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1778&#31;reute
+u f BC-NEW-VENEZUELA-DEBT-IN   04-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW VENEZUELA DEBT INTEREST RATE GOES INTO EFFECT</TITLE>
+<DATELINE>    CARACAS, April 1 - </DATELINE><BODY>The new interest rate of 7/8 pct over
+Libor on Venezuelan public sector debt payments goes into
+effect today, Finance Minister Manuel Azpurua said .
+    Azpurua told reporters yesterday the reduction from the
+previous margin of 1-1/8 pct above Libor will save the country
+some 50 mln dollars in debt servicing.
+    The new rate is among changes agreed last month to the 20.3
+billion dlr public sector debt rescheduling. Under the new
+agreement, Venezula was also able to extend the term from 12 to
+14 years and to lower debt payments in the 1987-89 period by 64
+pct.
+    Azpurua said that according to the agreement, the new
+interest rate will be retroactive to April 1, provided the
+accord is approved before October 1.
+    He told reporters the term sheet detailing the changes in
+the rescheduling has already been endorsed by the 13-member
+debt steering committee and is now being sent to the country's
+460 creditor banks for their approval.
+    The new agreement replaces a rescheduling accord signed in
+February 1986, which Venezuela asked to revise to reflect a 45
+pct drop in oil revenues.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="351" NEWID="12123">
+<DATE> 1-APR-1987 13:03:59.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1784&#31;reute
+r f BC-TEXTRON'S-&lt;TXT>-1.4-B   04-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXTRON'S &lt;TXT> 1.4 BILLION DLR CONTRACT FINAL</TITLE>
+<DATELINE>    STARTFORD, April 1 - </DATELINE><BODY>Textron Inc's Avco Lycoming Textron
+subsidiary said it finalized a 1.4 billion dlr five-year
+contract with the U.S. Army for M1 Abrams main battle tank gas
+turbine engines.
+    Under the contract, Avco said the army will procure 3,299
+installed engines plus spare engines and a combination of
+modules and gear boxes.
+    It also said the agreement includes an initial purchase of
+173 engines by the U.S. Marines under a program that will
+result in a fleet of 560 M1 tanks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="352" NEWID="12124">
+<DATE> 1-APR-1987 13:05:43.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1796&#31;reute
+f f BC-******MOODY'S-DOWNGRA   04-01 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S DOWNGRADES NIAGARA MOHAWK'S 2.2 BILLION DLRS OF
+DEBT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="353" NEWID="12125">
+<DATE> 1-APR-1987 13:07:30.08</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1811&#31;reute
+r f BC-SUNTRUST-BANKS-&lt;STI>   04-01 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNTRUST BANKS &lt;STI> RAISES PRIME TO 7-3/4 PCT</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>SunTrust Banks said that Sun Banks in
+Florida and Trust Co banks in Georgia have raised their prime
+rate to 7-3/4 pct from 7-1/2 pct.
+    The company said the action is effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="354" NEWID="12126">
+<DATE> 1-APR-1987 13:07:39.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1813&#31;reute
+d f BC-ATT-&lt;T>-OFFERS-DOCUME   04-01 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> OFFERS DOCUMENT SOFTWARE PRODUCT</TITLE>
+<DATELINE>    BASKING RIDGE, N.J., April 1 - </DATELINE><BODY>American Telephone and
+Telegraph Co said it has a new version of docuFORUM, a software
+product used to review, revise and transfer documents
+electronically.
+    The software if being offered for a one-time setup charge
+of 1,000 dlrs. ATT also charges 40 dlrs per hour for on-line
+usage fees, with a monthly minimum of 250 dlrs.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="355" NEWID="12127">
+<DATE> 1-APR-1987 13:08:45.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1815&#31;reute
+u f BC-HORN/HARDART-&lt;HOR>-UN   04-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HORN/HARDART &lt;HOR> UNIT DISPOSES 33 RESTAURANTS</TITLE>
+<DATELINE>     LAS VEGAS, Nev., April 1 - </DATELINE><BODY>Horn and Hardart Co said it
+disposed of 33 Bojangles' Chicken 'N Biscuits restaurants in
+Florida as part of its previously announced retrenchment of its
+Bojangles' subsidiary.
+    Terms were not disclosed.
+    The company said the restaurants in Orlando, Tampa and
+Jacksonville markets have incurred the majority of Bojangles'
+operating losses over the last two years.
+    Due to the transaction, Horn and Hardart is projecting a
+positive cash flow for the unit for the remainder of fiscal
+1987.
+    A spokesman said the disposition consists of a combination
+of sale, lease and re-franchise agreements.
+    The transaction involves one-quarter of the company-owned
+Bojangles' restaurants and is in accordance with its
+restructuring program announced in October 1986.
+    A spokesman said the company is considering the sale or
+spinoff of the 91-company owned additional restaurants, which
+are profitable.
+    The company said the disposition will result in no profit
+or loss for the company because the costs were anticipated in a
+34-mln-dlr reserve taken in the third quarter of 1986.
+    The foodservice division, which includes Burger King,
+Arby's and Tony Roma's, had a pre-tax operating loss of 29.6
+mln dlrs in 1986, including the 34.0 mln dlr charge to
+restructure Bojangles. Excluding Bojangles', the group had
+revenues of 43.8 mln dlrs.
+    The company said that, pursuant to the restructuring, it
+has cut general and administrative expenses attributable to
+Bojangle' by 35 pct.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="356" NEWID="12128">
+<DATE> 1-APR-1987 13:09:31.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1818&#31;reute
+s f BC-MULTIBANK-FINANCIAL-C   04-01 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULTIBANK FINANCIAL CORP &lt;MLTF> IN PAYOUT</TITLE>
+<DATELINE>    DEDHAM, Mass., April 1 -
+    </DATELINE><BODY>Qtly div 13 cts vs 13 cts prior
+    Pay April 20
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="357" NEWID="12129">
+<DATE> 1-APR-1987 13:10:17.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1821&#31;reute
+u f BC-FRENCH-GOVERNMENT-NAM   04-01 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH GOVERNMENT NAMES ADVISERS FOR SOC GEN SHARE SALE</TITLE>
+<DATELINE>    PARIS, April 1 - </DATELINE><BODY>Frances  Finance Ministry said it named
+Credit Commercial de France, CCF, and Goldman Sachs as its
+advisers in the privatisation of Societe Generale &lt;SGEN.PA>.
+    A Ministry statement said accountants Guy Barbier had been
+chosen to audit the Societe Generale accounts ahead of the
+privatision share offering later this year.
+    State-owned Societe Generale, one of the three leading
+french banks, with a share capital of 1.375 billion francs and
+consolidated assets of 738 billion, was added to the list of
+this years privatisations in February. CCF, one of the top
+seven banks, is also being sold by the government this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="358" NEWID="12130">
+<DATE> 1-APR-1987 13:11:09.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1824&#31;reute
+r f BC-EHRLICH-BOBER-&lt;EB>-ST   04-01 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EHRLICH BOBER &lt;EB> STARTS TRADING ON AMEX</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Ehrlich Bober Financial Corp said its
+common stock has started trading on the &lt;American Stock
+Exchange>.
+    The stock had been traded on the NASDAQ system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="359" NEWID="12131">
+<DATE> 1-APR-1987 13:11:58.10</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1827&#31;reute
+r f BC-FIRST-BANK-SYSTEMS-&lt;F   04-01 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST BANK SYSTEMS &lt;FBS> UNITS HIKE RATE</TITLE>
+<DATELINE>    MINNEAPOLIS, April 1 - </DATELINE><BODY>First Bank Minneaplois and First
+Bank Saint Paul, both units of First Bank Systems Inc, said
+they raised their reference rates to 7-3/4 pct from 7-1/2 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="360" NEWID="12132">
+<DATE> 1-APR-1987 13:13:09.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1831&#31;reute
+r f BC-CHEMICAL-FABRICS-&lt;CMF   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMICAL FABRICS &lt;CMFB> AGREEMENT TERMINATED</TITLE>
+<DATELINE>    MEWRRIMACK, N.H., April 1 - </DATELINE><BODY>Chemical Fabrics Corp said an
+agreement in principle under which OC Birdair Inc would have
+purchased assets related to the architectural structures
+business of Dow Corning corp's ODC Inc division has been
+terminated.
+    Under that agreement, Chemical Fabrics would also have
+become distributor of Dow Corning's Vestar silicone-coated
+fiberglass architecural fabrics.
+    OC Birdair is a joint venture of Chemical Fabrics and Owens
+Corning Fiberglas Corp &lt;OCF> and Down Corning a venture of Dow
+Chemical Co &lt;DOW> and Corning Glass Works &lt;GLW>.
+    Chemical Fabrics said once the current project backlog of
+Dow Corning's ODC division is completed, Dow Corning plans to
+discontinue its design-engineering, fabrication and
+installation services.
+    Chemical Fabrics said the companies will cooperate on the
+development of new products for architectural and industrial
+applications and may supply architectural materials to each
+other.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="361" NEWID="12133">
+<DATE> 1-APR-1987 13:13:39.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1833&#31;reute
+r f BC-SIS-&lt;SISB>-COMPLETES   04-01 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIS &lt;SISB> COMPLETES WENDY'S &lt;WEN> UNIT BUY</TITLE>
+<DATELINE>    WESTLAKE, Ohio, April 1 - </DATELINE><BODY>SIS Corp said it has completed
+the acquisition of its franchisor Sisters International Inc
+from Wendy's International Inc for 14.5 mln dlrs in stock.
+    It said the purchase includes 35 restaurants in Ohio
+operates by Sisters, giving SIS a total of 55 restaurants, and
+franchise relationships in six Midwestern and Southern states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="362" NEWID="12134">
+<DATE> 1-APR-1987 13:16:04.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1837&#31;reute
+u f BC-NIAGARA-MOHAWK-&lt;NMK>   04-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIAGARA MOHAWK &lt;NMK> DEBT DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded Niagara Mohawk Power Corp's 2.2 billion dlrs of debt
+securities and preferred stock.
+    Moody's cited cost increases at the utility's Nine Mile
+Nuclear Unit 2 and an unfavorable rate decision by the New York
+Public Service Commission.
+    Cut were the company's first mortgage bonds and secured
+pollution control issues to Baa-2 from Baa-1, and Eurobonds,
+unsecured pollution control debt, unsecured medium-term notes
+and preferred stock to Baa-3 from Baa-2. Niagara Mohawk's
+Prime-2 commercial paper was left unchanged.
+    Moody's said the rate decision last month by the Public
+Service Commission would significantly pressure Niagara
+Mohawk's coverage of fixed charges.
+    Moreover, cost increases associated with the in-service
+delay of the 41 pct owned Nine Mile Unit 2 from September 1987
+to early 1988, along with prospective delays, are unlikely to
+be recovered under the cost-settlement agreement for the
+nuclear unit, Moody's noted.
+    The potential write-off would sharply reduce Niagara
+Mohawk's common equity and may impair financial flexibility,
+the agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="363" NEWID="12135">
+<DATE> 1-APR-1987 13:16:42.57</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1838&#31;reute
+u f BC-BRITISH-SUGAR-SOWINGS   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH SUGAR SOWINGS OFF TO SLOW START</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Drilling of this year's British sugar
+beet crop got off to a slow start due to poor weather
+conditions with only around one pct sown so far, a spokesman
+for British Sugar Plc said.
+    This compares with two pct at the same stage last year,
+three pct in 1985 and 38 to 39 pct in 1984.
+    There is little cause for concern with better weather
+forecast and the capacity available to drill the contracted
+area of around 200,000 hectares in about 10 days. Seed beds
+look good and farmers are advised to wait for soil temperatures
+to rise, the spokesman said.
+    "If the crop can be drilled by the third week in April we
+will be delighted," he said. Last year a large proportion of the
+crop was not drilled until May but it still turned out to be
+the equal second largest on record.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="364" NEWID="12136">
+<DATE> 1-APR-1987 13:20:07.33</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1846&#31;reute
+r f BC-/CURRENCY-INTERVENTIO   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURRENCY INTERVENTION TIMING CRUCIAL - ANALYSTS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>The dollar's recent decline, despite
+massive central bank purchases, is a forceful reminder that
+official intervention in the foreign exchanges can work only if
+it is well-timed to coincide with shifts in market fundamentals
+or sentiment, dealers and analysts said.
+    Central banks may succeed in slowing a trend, but, without
+accompanying policy changes, they stand little chance of
+reversing the direction of an ever-growing global market in
+which more than 200 billion dlrs is traded every day, the
+sources said.
+    "Timing and psychology are the key to successful
+intervention," said Jim O'Neill, a financial markets economist
+with Marine Midland Banks Inc. The importance of complementary
+changes in economic fundamentals was underlined yesterday when
+a change in interest rates boosted the dollar, instantly
+achieving what the central banks had tried in vain to do for a
+week through open market intervention.
+    After Citibank raised its prime rate by a quarter-point to
+7-3/4 pct, the first change in the rate since last August, the
+dollar started to advance and reached a high in Tokyo of 147.50
+yen, up two yen from Tuesday's New York low.
+    By contrast, monetary authorities spearheaded by the Bank
+of Japan are estimated to have bought as much as 10 billion
+dlrs in the last 10 days of March but could not prevent the
+dollar from skidding through 150 yen and plumbing a 40-year low
+Monday of 144.70 yen. Some experts worry the central banks have
+lost more than just a temporary battle to prop up the dollar.
+The market is wary of being caught wrong-footed by a central
+bank foray, but is no longer mesmerized.
+    "They've lost their credibility. The market feels it can
+take on the central banks and win," said Michael Snow, head of
+treasury operations at Union Bank of Switzerland in New York.
+    The relative failure of recent intervention stands in sharp
+contrast to the success that central banks scored when they
+joined forces to drive the dollar down following the September
+22, 1985, Plaza accord.
+    Then, however, central banks had an easy time of it,
+because the markets and the Treasuries of the major industrial
+powers were agreed that the dollar needed to head lower to
+redress massive worldwide trade imbalances.
+    Now, there is no such consensus. The market is saying that
+the dollar must fall further because the U.S. trade deficit is
+showing little sign of improvement, while Japan is resisting in
+a bid to protect its export industries.
+    For its part, the United States is apparently content to
+let the dollar fall gradually further and is paying little more
+than lip service to the February Paris agreement of the Group
+of Five plus Canada to foster stability, dealers say.
+    Specifically, they said the Fed's dollar-buying
+intervention has been half-hearted, designed more as a
+political gesture to Japan than to strike fear into the
+markets. "It's been pro-forma intervention," said Francoise
+Soares-Kemp, chief corporate trader at Credit Lyonnais.
+    Because of this discord and the market's momentum for a
+lower dollar, analysts said intervention looks doomed to fail.
+    "It's going to take a lot more than the central banks to
+hold the dollar (at these levels)," said Snow, who predicts
+another 10 to 15 pct depreciation.
+    "There have to be structural changes that occur to make the
+market stop selling dollars," added "Buying six billion dollars
+in three weeks is not going to do it."
+    Late last decade during the presidency of Jimmy Carter,
+when the dollar was last under heavy speculative attack,
+central banks sometimes intervened to the tune of six billion
+dlrs in a single day but still failed to stop the dollar
+falling to a record low of 1.70 marks, analysts said.
+    Snow said purchases on that scale now are unlikely. "I
+don't think anybody has the stomach for it, because they saw
+the futility of it in the seventies."
+    Indeed, because the market has grown in leaps and bound
+since then, intervention on an even greater scale would
+probably be needed to impress the market.
+    Trading volume in London, New York and Tokyo alone last
+year averaged nearly 188 billion dlrs a day, according to a
+joint central bank study, about double the previous estimate
+made just two years earlier by the Group of Thirty private
+research group.
+    There are signs that central banks, too, realize the
+futility of swimming against the tide.
+    Bank of Japan sources told Reuters in Tokyo earlier this
+week that they believed the limits of currency market
+intervention are perhaps being reached and that other methods
+for bolstering the dollar, such as invoking currency swap
+agreements with other central banks, are being considered.
+    "In this era of financial liberalization, it's almost
+impossible to control the flow of capital in and out of Japan,"
+one senior official in Tokyo said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="365" NEWID="12137">
+<DATE> 1-APR-1987 13:21:32.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1850&#31;reute
+r f BC-MICHAELS-STORES-&lt;MKE>   04-01 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICHAELS STORES &lt;MKE> MARCH SALES RISE</TITLE>
+<DATELINE>    IRVING, Texas, April 1 - </DATELINE><BODY>Michaels Stores Inc said March
+sales were up 19.2 pct to 7,823,000 dlrs from 6,564,000 dlrs a
+year earlier, with same-store sales up 2.7 pct.
+    The company noted that Easter sales fell in March last year
+and are falling in April this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="366" NEWID="12138">
+<DATE> 1-APR-1987 13:22:33.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1855&#31;reute
+r f BC-CANADIAN-TIRE-MAJOR-H   04-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN TIRE MAJOR HOLDERS NOT EXTENDING PACT</TITLE>
+<DATELINE>    TORONTO, April 1 - </DATELINE><BODY>CTC Dealer Holdings Ltd said &lt;Canadian
+Tire Corp Ltd> controlling shareholders Alfred, David and
+Martha Billes did not extend an agreement expiring yesterday to
+tender their shares only to CTC's previously reported offer for
+49 pct of Canadian Tire common shares.
+    CTC, which already holds 17.4 pct of Canadian Tire common,
+said it would therefore not take up any shares tendered under
+its offer unless they totaled at least 1.1 mln or another 32.7
+pct of Canadian Tire common. The Billes control 60 pct of
+Canadian Tire common. It added that it extended its offer to
+May 11 at a fixed price of 165.36 dlrs a share.
+    CTC, a group of Canadian Tire dealers, said it expected to
+know by May 11 if it would obtain approval to appeal a
+previously reported Ontario court ruling upholding a regulatory
+decision to block CTC's offer.
+    The dealers' bid was previously blocked by the Ontario
+Securities Commission because the offer excluded holders of
+Canadian Tire class A non-voting shares, which make up about 96
+pct of company equity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="367" NEWID="12139">
+<DATE> 1-APR-1987 13:25:21.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1861&#31;reute
+f f BC-******HUTTON-LBO-EXTE   04-01 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HUTTON LBO EXTENDS EXPIRATION FOR 35 DLR/SHR OFFER FOR
+PUROLATOR TO APRIL 6 FROM TODAY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="368" NEWID="12140">
+<DATE> 1-APR-1987 13:26:46.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1868&#31;reute
+b f BC-******CONRAC-SAYS-IT   04-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONRAC SAYS IT IS MULLING RESTRUCTURING OR BUYOUT AS
+ALTERNATIVES
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="369" NEWID="12141">
+<DATE> 1-APR-1987 13:29:33.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1874&#31;reute
+d f BC-GENERAL-HYDROCARBONS   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL HYDROCARBONS DISTRIBUTION DELAYED</TITLE>
+<DATELINE>    BILLINGS, Mont., April 1 - </DATELINE><BODY>General Hydrocarbons Inc said
+claims aggregating over one mln dlrs related to liens and
+alleging title deficiencies have been made against the escrow
+fund holding its assets for distribution.
+    It said the record date for the distribution will be
+delayed until the claims are resolved.
+    The company said it believes many of the claims are
+overstated or without merit. It said the resolution may not
+occur before April 30.
+    General Hydrocarbons' assets now consist of cash and
+Montana Power Co &lt;MTP> shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="370" NEWID="12142">
+<DATE> 1-APR-1987 13:30:35.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1878&#31;reute
+b f BC-MORRISON-KNUDSEN-&lt;MRN   04-01 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON-KNUDSEN &lt;MRN> GETS ARMY CONTRACT</TITLE>
+<DATELINE>    BOISE, Idaho, April 1 - </DATELINE><BODY>Morrison-Knudsen Corp said Black
+River Constructors, a joint venture with Martin Eby and a
+subsidiary of Hunt Corp, has received a 517-mln-dlr
+construction contract from the U.S. Army Corp of Engineers.
+    The work includes the construction of more than 70
+buildings and associated infrastructure to accommodate the
+Army's new 10th Mountain Division.
+    In a press release, Rep. David O'B. Martin, N.Y., said the
+awarding of the contract is subject to Congressional review.
+Morrison-Knudsen said the contract represents the largest Army
+construction in this country since World War II.
+    Congress has authorized and appropriated 610 mln dlrs for
+the project, the company said.
+    If everything continues on schedule, work on the Ft. Drum,
+N.Y. site is expected to begin later this month and is
+scheduled for completion by early 1991, the company said.
+    Martin said that an additional 50 mln dlrs in contracts to
+small and disadvantaged businesses will be announced later.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="371" NEWID="12143">
+<DATE> 1-APR-1987 13:30:47.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1879&#31;reute
+u f AM-SANCTIONS   04-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKS WILL NOT DELAY TRADE CURBS AGAINST JAPAN</TITLE>
+<AUTHOR>    By Robert Trautman, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>President Reagan's move to impose
+stiff tariffs on Japanese goods stems from deep U.S.
+frustration over Japan's trade policy, and he has no intention
+of calling off the sanctions, trade analysts said.
+    U.S. officials put down any idea of delaying imposing the
+300 mln dlrs in tariffs, despite seemingly contradictory
+comments by some Administration aides.
+    And, they add, a visit here next week by Japanese trade
+officials and a visit to Tokyo by a senior State Department
+official will likely do nothing to change U.S. minds.
+    "Do not expect the problem to be resolved or the sanctions
+not to go into effect," said a senior U.S. trade official.
+    Reagan last Friday announced that on April 17 he would
+raise tariffs on certain Japanese exports to penalize Japan for
+breaking a 1986 pact governing trade in semiconductors.
+    The United States says the Japanese have not lived up to
+their pledge to stop dumping semiconductors in third country
+markets at less than production costs or to open their home
+market to U.S. semiconductors. Semiconductors - tiny silicon
+memory chips - are integral components of modern electronic
+goods ranging from television sets and personal computers to
+guidance systems on aircraft.
+    Some U.S. officials had hinted that the United States and
+Japan might come to terms on their semiconductor dispute in
+time to cancel the planned tariffs, but this has now been
+dismissed by other senior officials.
+    They noted that negotiations over compliance with the pact
+had been going on for several months, with little success.
+    Japanese firms this week announced plans to cut chip output
+and increase U.S. chip imports, but U.S. officials said Japan's
+move was too late to stave off the American tariffs.
+    The tariffs are to be imposed after a period of public
+comment, but Commerce Secretary Malcolm Baldrige and other
+officials have said neither the comment period or the U.S. and
+Japanese trade talks will serve to delay the tariffs.
+    Baldrige predicted the dispute would be resolved, but said
+"I'm sure the sanctions will go in before we work it out."
+    White House spokesman Marlin Fitzwater said that while he
+hoped something could be done to hold off the sanctions, "it
+probably is not likely."
+    And U.S. Trade Represenative Clayton Yeutter predicted that
+Japan would not be able to comply with the pact in time to hold
+off the new tariffs on goods including personal computers,
+television sets, power tools and electric motors.
+    Trade analysts said that in any case, the U.S.-Japanese
+semiconductor dispute was only one of many and trade frictions
+that will continue until Japan ended a policy of predatory
+pricing and opened its home market to foreign goods.
+    Other disputes include Japanese prevention of U.S. firms
+from taking part in building a new eight billion dlr airport
+near Osaka and selling a wide variety of goods in Japan,
+including many agriculture products.
+    A new trade row has now arisen over a Japanese decision to
+limit foreign participation in its telecommunication market.
+    U.S. officials have said the American telecommunications
+market is open to foreign firms and it was only fair trade to
+open the Japanese market to 33 per cent foreign participation,
+as Japan had previously agreed.
+    Britain has also protested the Japanese limitations.
+    American and Japanese negotiators are meeting to try to
+resolve the issue, officials said, but there was no sign of any
+early settlement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="372" NEWID="12144">
+<DATE> 1-APR-1987 13:33:32.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1896&#31;reute
+d f BC-A-AND-W-BRANDS-FILES   04-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A AND W BRANDS FILES INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., April 1 - </DATELINE><BODY>A and W Brands Inc said it
+filed a registration statement with the Securities and Exchange
+Commission for a proposed public offering of 3,400,000 shares
+of common.
+    The company anticipates that the price of the offering will
+range between 13 dlrs and 15 dlrs a share.
+    It said the offering is expected in mid May through a group
+of underwriters managed by First Boston Corp and Montgomery
+Securities.
+    It said it will use the proceeds to repay its debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="373" NEWID="12145">
+<DATE> 1-APR-1987 13:34:43.83</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE><D>chirac</D><D>james-baker</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1903&#31;reute
+u f AM-CHIRAC-1STLD   04-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHIRAC SAYS FRANCE RESOLVED TO SUPPORT CURRENCY PACT</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>French Prime Minister Jacques Chirac
+said that on financial issues, the United States and France had
+"very close" views, and he said Treasury Secretary James Baker
+was determined to support the February 22 Paris agreement on
+stabilizing foreign exchange parities.
+    "I was very reassured by the determination of Mr. Baker to
+support this agreement," he said.
+    He described the dollar's sharp fall against the yen at the
+start of the week as a "passing incident" and added, "Everyone is
+resolved to support the Paris accord."
+    Questioned about his plan to help the world's poorest
+countries, Chirac said he did not envisage any large-scale debt
+write-offs.
+    "I don't think we can talk of write-offs - even the poorest
+countries have not asked for that," he said.
+    Chirac said he wanted commercial banks to give third world
+countries better terms in rescheduling their debts, and for the
+International Monetary Fund to soften its conditions.
+    "One cannot pity the banks - they bear a lot of
+responsibility due to the encouragement they gave to these
+countries to take on debts. Now the banks are complaining but I
+do not weep for them."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="374" NEWID="12146">
+<DATE> 1-APR-1987 13:36:38.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1911&#31;reute
+u f BC-CONRAC   04-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONRAC &lt;CAX> EXPLORING RESTRUCTURING, BUYOUT</TITLE>
+<DATELINE>     WASHINGTON, April 1 - </DATELINE><BODY>Conrac Corp, whose board has
+rejected a 25 dlr a share tender offer from Mark IV Industries
+Inc &lt;IV>, said it is exploring alternatives such as a
+restructuring, leveraged buyout or takeover of the company.
+     In a filing with the Securities and Exchange Commission,
+Conrac said its board of directors authorized its financial and
+legal advisors to explore a several alternatives to the Mark IV
+offer, which it said it considers inadequate.
+    The alternatives being explored include a restructuring,
+leveraged buyout or a takeover of the company by another
+company, Conrac said.
+    Conrac, which said its board discussed the alternatives at
+special meetings on March 26 and 30, said that its decision on
+whether to adopt any of the alternatives would hinge on "the
+future actions of Mark IV" and its unsolicitied tender offer.
+    Putting into effect any of the alternatives being explored
+could hurt or defeat the Mark IV offer, it said.
+    Board members were also instructed to keep confidential the
+terms of any transaction that might be entered into until it
+becomes final, the company said.
+    The board also took other defensive steps, including
+granting severance agreements to some officers, it said.
+    At a board meeting yesterday, Concac's directors deleted a
+provision allowing the holder of at least one-third of of all
+classes of its voting stock to call a special shareholders
+meeting and deleted another provision allowing shareholders to
+remove directors without cause, the company said.
+    The defensive moves were taken because Mark IV had said it
+planned to elect a majority of its designees as directors at a
+special holders meeting if it succeeded in acquring a majority
+of the company's common stock in the offer, Conrac said.
+    Conrac's president, vice president and treasurer were given
+severance agreements, or "golden parachutes," it said.
+    Under the agreements, Conrac President Paul Graf would get
+a cash payment of twice his annual salary, which was 209,906
+dlrs last year, if there were a change of control in the
+company, including acquisition of 30 pct or more of the
+company's voting stock, Conrac said.
+    Treasurer Joseph Smorada and Vice President Joseph
+O'Donnell, who made 143,325 dlrs last year, would get
+one-and-a-half times his salary if there were a change in
+control. Smorada's salary was not listed in the SEC filing.
+    The executives would also get cash settlements of options
+plans and continuation of insurance and other benefits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="375" NEWID="12147">
+<DATE> 1-APR-1987 13:36:59.86</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1912&#31;reute
+u f BC-MORE-U.S.-BANKS-JOIN   04-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE U.S. BANKS JOIN IN PRIME RATE CUT</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Chemical Bank, the main bank subsidiary
+of Chemical New York Corp, and Marine Midland Banks Inc said
+they were raising the prime lending rate to 7-3/4 pct from
+7-1/2 pct, effective immediately.
+    In St Louis, Mercantile Bancorp said its Mercantile Bank
+N.A. was also raising its prime rate to 7-3/4 pct from 7-1/2
+pct, effective immediately.
+    The changes follow similar cuts yesterday by Citicorp and
+Chase Manhattan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="376" NEWID="12148">
+<DATE> 1-APR-1987 13:37:05.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1913&#31;reute
+u f BC-WEBCOR-&lt;WER>-SAYS-BAN   04-01 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEBCOR &lt;WER> SAYS BANK DEMANDS PAYMENT</TITLE>
+<DATELINE>    GARDEN CITY, N.Y., April 1 - </DATELINE><BODY>Webcor Electronics Inc said
+its principal creditor, its bank, has demanded payment of all
+Webcor obligations to it.
+    Webcor said as previously announced it has failed to make
+payments to the bank and is also in technical default of loan
+agreement covenants.
+    It said to date it has been unable to restructure its
+obligations to the bank and is now evaluating its options.
+    Webcor said the &lt;American Stock Exchange> is evaluating
+Webcor's continued listing eligibility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="377" NEWID="12149">
+<DATE> 1-APR-1987 13:37:50.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1915&#31;reute
+d f BC-CONVEST-ENERGY-PARTNE   04-01 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONVEST ENERGY PARTNERS LTD &lt;CEP> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, April 1 -
+    </DATELINE><BODY>Shr loss 2.65 dlrs vs loss 2.31 dlrs
+    Net loss 14.3 mln vs loss 12.5 mln
+    Revs 2,887,000 vs 5,321,000
+    Year
+    Shr loss 4.38 dlrs vs loss 2.50 dlrs
+    Net loss 23.7 mln vs loss 13.5 mln
+    Revs 13.2 mln vs 22.4 mln
+    NOTE: 1986 net includes oil and natural gas writedowns of
+12.1 mln dlrs in quarter and 19.0 mln dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="378" NEWID="12150">
+<DATE> 1-APR-1987 13:39:51.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1920&#31;reute
+r f BC-&lt;dylex-ltd>-year-jan   04-01 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DYLEX LTD> YEAR JAN 31 NET</TITLE>
+<DATELINE>    Toronto, April 1 -
+    </DATELINE><BODY>Shr 51 cts vs one dlr
+    Net 25.1 mln vs 46.8 mln
+    Sales 1.21 billion vs 1.08 billion
+    Note: 1986 excludes extraordinary gain of 1.1 mln dlrs, or
+two cts per share, from public issue of affiliate's shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="379" NEWID="12151">
+<DATE> 1-APR-1987 13:40:00.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1921&#31;reute
+d f BC-CALLON-PETROLEUM-&lt;CLN   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALLON PETROLEUM &lt;CLNP> GETS QUALIFIED AUDIT</TITLE>
+<DATELINE>    NATCHEZ, Miss., March 1 - </DATELINE><BODY>Callon Petroleum Co said its
+auditors will qualify their opinion on 1986 financial
+statements due to questions about Callon's ability to continue
+as a going concern.
+    The company said negotiations to restructure its debt and
+allow for continued operations are proceeding.
+    Today it reported a loss for 1986 of 4.20 dlrs per share,
+compared with a year earlier loss of 4.71 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="380" NEWID="12152">
+<DATE> 1-APR-1987 13:41:13.96</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1923&#31;reute
+u f BC-COFFEE-TALKS-SET-TO-E   04-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO TALKS SET TO END WITH NO QUOTA DEBATE</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>The International Coffee Organization
+executive board meeting will end tomorrow without any move to
+reopen the debate on restoring coffee export quotas, delegates
+said.
+    Talks have focused on administrative matters and
+verification of stocks in producer countries, they said.
+    Producers met briefly today to exchange views on the market
+situation but there seems little chance discussion on quotas
+will begin much before the ICO's annual council session in
+September, they said.
+    Delegates earlier thought the meeting would end tonight,
+but a further session is scheduled tomorrow at 1030 GMT to
+complete reports on stock verification.
+    Meantime, the executive board will meet May 12 to discuss
+possible action on the consultancy report on the ICO presented
+today to the board, consumer delegates said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="381" NEWID="12153">
+<DATE> 1-APR-1987 13:41:20.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1924&#31;reute
+d f BC-INTERNATIONAL-SEAWAY   04-01 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL SEAWAY TRADING CORP &lt;INS> YEAR</TITLE>
+<DATELINE>    CLEVELAND, Ohio, April 1 -
+    </DATELINE><BODY>Oper shr 64 cts vs 97 cts
+    Oper net 845,000 vs 1,285,000
+    Revs 20.0 mln vs 23 mln
+    NOTE: 1986 and 1985 oper net excludes gain of 315,000 dlrs
+and 585,000 dlrs, respectively, for extraordinary item.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="382" NEWID="12154">
+<DATE> 1-APR-1987 13:41:41.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1925&#31;reute
+r f BC-CALLON-PETROLEUM-CO-&lt;   04-01 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALLON PETROLEUM CO &lt;CLNP> 4TH QTR LOSS</TITLE>
+<DATELINE>    NATCHEZ, Miss., April 1 -
+    </DATELINE><BODY>Shr loss 40 cts vs loss 4.72 dlrs
+    Net loss 3,321,000 vs loss 42.0 mln
+    Revs 4,002,000 vs 7,788,000
+    Avg shrs 9,168,522 vs 8,974,355
+    Year
+    Shr loss 4.20 dlrs vs loss 4.71 dlrs
+    Net loss 37.2 mln vs loss 41.1 mln
+    Revs 18.4 mln vs 34.1 mln
+    Avg shrs 9,168,522 vs 8,991,184
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="383" NEWID="12155">
+<DATE> 1-APR-1987 13:43:04.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1930&#31;reute
+r f BC-COUNTY-SAVINGS-BANK-&lt;   04-01 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUNTY SAVINGS BANK &lt;CSBA> SETS STOCK DIVIDEND</TITLE>
+<DATELINE>    SANTA BARBARA, Calif., April 1 - </DATELINE><BODY>County Savings Bank said
+its board declared a five pct stock dividend, payable April 10
+to shareholders of record today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="384" NEWID="12156">
+<DATE> 1-APR-1987 13:44:39.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1932&#31;reute
+u f BC-E.F.HUTTON-&lt;EFH>-EXTE   04-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.F.HUTTON &lt;EFH> EXTENDS PUROLATOR &lt;PCC> OFFER</TITLE>
+<DATELINE>    New York, April 1 - </DATELINE><BODY>E.F. Hutton Group's E.F. Hutton LBO Inc
+unit said it extended the expiration date for its 35 dlr per
+share tender offer for Purolator Courier corp to midnight EST
+April six from midnight April one.
+    E.F. Hutton lbo inc said its wholly owned PC Acquisition
+Inc subsidiary, which is the entity making the offer, extended
+both expiration date and the withdrawal rights period for its
+pending tender for 6.3 mln shares or 83 pct of Purolator
+common.
+    Hutton's offer was topped today by a 40 dlr per share bid
+for 83 pct of the stock from Emery Air Frieght Corp &lt;EAF.>
+    Both offers would pay shareholders a package of securities
+for the balance of their shares, valued at the respective
+tender offer prices.
+    Hutton said as of the end of the day yesterday, about
+880,000 shares of Purolator common stock repesenting 11.5 pct
+of outstanding shares had been validly tendered and not
+withdrawn.
+    Manhattan supreme court justice Lewis Grossman today
+adjourned until Monday a hearing on a stockholder suit seeking
+to block the Hutton LBO transaction. The judge told attorneys
+he needed time to hear other cases.
+    Plaintiffs cited their belief that a superior offer would
+be forthcoming, however one company mentioned in an affadavit,
+Interlink Express plc, denied that it was interested.
+    Yesterday, Frank Hoenemeyer, a retired vice chairman of
+Prudential Insurance Co and currently a Purolator board member,
+said an initial offer from Hutton was rejected by the board of
+directors February third.
+    Hoenemeyer testified that by the next meeting of the board,
+February 17, Hutton submitted a revised proposal which was
+accepted.
+    He also testified a committee of directors had hired
+Goldman Sachs and Co to consider alternatives to the Hutton
+offer and also to consider a discussion of possible mergers
+with other companies including Emery and Federal Express Corp
+&lt;FDX>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="385" NEWID="12157">
+<DATE> 1-APR-1987 13:46:12.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1934&#31;reute
+r f BC-BANK-OF-NOVA-SCOTIA-T   04-01 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NOVA SCOTIA TO APPLY FOR TOKYO LISTING</TITLE>
+<DATELINE>    TORONTO, April 1 - </DATELINE><BODY>&lt;Bank of Nova Scotia> said it would
+apply for a common share listing on the Tokyo Stock Exchange.
+    The bank, Canada's fourth largest, said it expected its
+listing to occur later this year. It said Nomura Securities Co
+Ltd, of Tokyo, would sponsor its application.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="386" NEWID="12158">
+<DATE> 1-APR-1987 13:48:23.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1938&#31;reute
+d f BC-U.S.-FARM-REORGANIZAT   04-01 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM REORGANIZATIONS PROVING COSTLY - GAO</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. farmers who reorganize their
+operations to circumvent a cap on federal payments could add
+2.3 billion dlrs to the cost of the government's agricultural
+programs by 1989, the General Accounting Office, GAO, said.
+    "We estimate that should the trend in farm reorganizations
+continue, reorganizations since 1984 could be adding almost 900
+mln dlrs annually to program costs by 1989," GAO Senior
+Associate Director Brian Crowley said.
+    "Cumulative costs for the six-year period, 1984 to 1989,
+could approach 2.3 billion dlrs," he said.
+    Between 1984 and 1986, reorganizations added almost 9,000
+new persons to U.S. Agriculture Department payment rolls,
+Crowley told the House Agriculture Subcommittee on Wheat,
+Soybeans and Feedgrains.
+    The GAO said at least part of the recent proliferation of
+reorganizations was attributable to farmers' efforts to avoid
+payment limits, although exactly how many subdivisions were
+prompted by that concern were impossible to determine.
+    Crowley said the two areas of primary concern were the
+formation of corporations and the renting of farmland for cash
+by individuals, partnerships or joint ventures with a large
+number of participants.
+    Subcommittee Chairman Dan Glickman, D-Kan., said evidence
+that a "few bad apples" were using imaginative techniques to
+skirt the payment limit jeopardized the "political credibility"
+of U.S. farm programs.
+    Without elaborating, Glickman said the committee would
+consider legislation to "ensure than no one is tarnishing the
+good name and the political support and popular support which
+American agriculture so richly deserves."
+    To improve the effectiveness of payment caps, Congress
+could require that payments made to corporations, limited
+partnerships or trusts be attributed to the individual payment
+limitation of persons who are shareholders, members or
+beneficiaries of those entities, Crowley said.
+    "Attribution could be made at some specified level of
+ownership interest such as five or ten pct," Crowley said.
+    Currently, such entities qualify for an individual 50,000
+dlr payment as long as no stockholder owns or controls more
+than 50 pct of the stock.
+    Crowley also suggested that payments could be restricted to
+persons actively engaged in farming in some manner other than
+just supplying financing.
+    The Reagan administration proposed similar changes in
+legislation it sent to Congress last month.
+    Crowley said the GAO investigation uncovered problems with
+USDA's administration of the payment limitation that
+contributed to "the creation of new persons through
+reorganization that are of questionable validity."
+    Specifically, USDA county offices have inconsistently
+applied a regulation requiring a reorganization to involve a
+"substantive" change in the farming operation in order for any
+new persons to qualify for payments.
+    In addition, GAO found USDA officials in California were
+incorrectly interpreting regulations relating to financing of
+general partnership operations.
+    Crowley also reported that in 401 U.S. counties having
+about 90 pct of all foreign-owned cropland for all major crops,
+total farm payments to foreign owners were 6.2 mln dlrs in 1984
+and 7.7 mln in 1985.
+    However, payments in 1985 represented only about 0.4 pct of
+all payments made in the 401 counties, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="387" NEWID="12159">
+<DATE> 1-APR-1987 13:49:45.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f1941&#31;reute
+u f BC-BANKAMERICA-&lt;BAC>-TO   04-01 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> TO POST GAIN ON UNIT SALE</TITLE>
+<DATELINE>    SAN FRANCISCO, April 1 - </DATELINE><BODY>BankAmerica Corp said it completed
+the sale of its Consumer Trust Services division to Well Fargo
+and Co &lt;WFC>, a transaction that will result in a second
+quarter pre-tax gain of more than 75 mln dlrs.
+    The sale will not affect the services the bank will
+continue providing to institutional customers through its
+Employee Benefit Trust Services Division, BankAmerica also
+said.
+    In a separate announcement, Wells Fargo said the
+acquisition will increase the amount of personal trust assets
+it administers to 25 billion dlrs.
+    Last December BankAmerica and Wells Fargo announced a
+definitive agreement on the sale at a price of about 100 mln
+dlrs, subject to adjustment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="388" NEWID="12160">
+<DATE> 1-APR-1987 13:51:17.24</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>sunseed</D><D>corn</D><D>soybean</D><D>sorghum</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1943&#31;reute
+u f BC-HEAVY-RAINS-DAMAGE-AR   04-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEAVY RAINS DAMAGE ARGENTINE COARSE GRAINS CROP</TITLE>
+<AUTHOR>    By Manuel Villanueva</AUTHOR>
+<DATELINE>    BUENOS AIRES, April 1 - </DATELINE><BODY>Fresh, heavy rains caused further
+damage to the Argentine 1986/87 coarse grains crop in the week
+to yesterday, particularly in Buenos Aires province, trade
+sources said.
+    They said the sunflower, maize, soybean and sorghum crops
+were damaged and yield estimates affected. New production
+forecasts were made for all these crops.
+    The rains over the weekend and up to yesterday registered
+more than 200 mm on average in western Buenos Aires and
+worsened the flooding in various parts of the province.
+    The weather bureau said the rains, which in Buenos Aires
+have surpassed 750 mm in the last 30 days, could continue.
+    The northeast of the country was also hit by heavy rains.
+    In Corrientes province the rains also passed an average of
+200 mm in some parts, notably the Paso de los Libres area
+bordering on Uruguay.
+    In Santa Fe and Entre Rios provinces they were over 100 mm
+in places, in Misiones and San Luis 90 mm and in Cordoba 80 mm.
+    The rains were less intense in Chaco and Formosa.
+    Harvesting in areas not actually under water could also be
+further delayed due to dampness in the earth, the sources said.
+    The excessive humidity might also produce rotting of the
+crops, further dimishing the yield, the sources added.
+    Sunflower harvesting before the weekend rains reached 26 to
+30 pct of the area sown in Santa Fe, Cordoba, La Pampa and
+Buenos Aires provinces.
+    The production forecast for 1986/87 sunflowerseed has been
+lowered to between 2.2 and 2.4 mln tonnes, against 2.3 to 2.6
+mln tonnes the previous week, making it 41.5 to 46.3 pct lower
+than the record 4.1 mln tonnes produced last season.
+    The area sown was two to 2.2 mln hectares, down 29.9 to
+36.3 pct on the record 3.14 mln hectares in 1985/86.
+    The maize harvest advanced to within 26 to 28 pct of the
+area sown in Cordoba, Santa Fe and northern Buenos Aires. It
+will begin in La Pampa within about 10 days, weather
+permitting.
+    Maize yield this season is now estimated at 9.6 to 9.9 mln
+tonnes, against last week's 9.9 to 10.1 mln tonnes, down 21.4
+to 22.6 pct on the 12.4 to 12.6 mln tonnes at which private
+producers put 1985/86 production.
+    The new forecast is 22.7 to 25 pct down on the official
+figure of 12.8 mln tonnes for last season's production.
+    The grain sorghum harvest reached 17 to 19 pct of growers'
+targets, against 14 to 16 pct the previous week.
+    The production forecast was reduced to between three and
+3.3 mln tonnes, against 3.2 to 3.5 mln tonnes last week, 21.4
+to 26.8 pct down on last season's 4.1 to 4.2 mln tonnes.
+    The area sown with sorghum in 1986/87 was 1.23 to 1.30 mln
+hectares, down 10.3 to 15.2 pct on the 1.45 mln in 1985/86.
+    The forecast for soybean yield this season was the least
+changed in relation to last week. It was put at a record 7.5 to
+7.7 mln tonnes, against the previous 7.5 to 7.8 mln tonnes.
+    These figures are 4.2 to 5.5 pct higher than last season's
+record of 7.2 to 7.3 mln tonnes, according to private sources,
+and 5.6 to 8.5 pct up on the official 7.1 mln tonnes.
+    The adjustment to the production forecast is due to the
+rains and overcast conditions which have greatly reduced the
+sunlight needed for this crop, sources said.
+    Producers fear estimates may yet have to be adjusted down
+further.
+    The humidity could induce rotting and growers are still
+finding more empty pods due to excessively dry weather earlier
+in the season.
+    Soybean harvesting is due to start in mid-April in southern
+Cordoba and Santa Fe and northern Buenos Aires.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="389" NEWID="12161">
+<DATE> 1-APR-1987 13:51:51.15</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1946&#31;reute
+r f BC-LONDON-GRAIN-FREIGHT   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GRAIN FREIGHT ENQUIRIES</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Rio Grande/Azores and Leixoes 26,000 mt
+hss 14 dlrs basis one to two 4,000/1,500 Azores and 3,500
+Leixoes 25/4-5/5.
+    Paranagua/one-two ports Spanish Med 35,000 mt hss 11.50
+dlrs basis one to one 10 days all purposes 20-30/4.
+    USG/Taiwan 54,000 mt hss 10,000 shex/4,000 shex 20/4-5/5.
+    USG/ARA-Ghent option Seaforth 40,000/45,000 long tons hss
+10 days all purposes 9-15/4 try later.
+    Dieppe/one-two ports Italian Adriatic 9,500/11,000 mt bulk
+wheat 3,000/2,000 6-12/4.
+    St Lawrence/one-three ports Marseilles-Manfredonia range
+20,000/35,000 mt bulk wheat 5,000/222,500 10-15/4.
+    Chimbote/Kaohsiung 9,500 mt bulk/bagged fishmeal 250 ph/200
+ph 20/4-5/5.
+    Immingham or Foynes/Red Sea 25,000 mt bulk barley
+4,000/3,000 10-15/4 alternatively try t/c.
+    USG/Maracaibo 10,000 mt wheat (three grades) three
+days/1,000 1-15/4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="390" NEWID="12162">
+<DATE> 1-APR-1987 13:52:51.77</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1952&#31;reute
+r f BC-LONDON-METAL-FREIGHTS   04-01 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON METAL FREIGHTS</TITLE>
+<DATELINE>    LONDON, April 1 - Enquiries - </DATELINE><BODY>Rotterdam/Karachi
+20,000/21,000 mt shredded scrap 7,000/1,100 15-30/4.
+    Bin Qasim/Shanghai 25,000 mt pig iron 1,500 fhex/1,200 shex
+1-10/4.
+    Chungjin/Manila 4,200 mt steel coils 800/liner discharge
+23-30/4.
+    Bilbao/one port Vietnam 5,000 mt steels fio 1,000/500 end
+April
+    Singapore/Mizushima 6,000/10,000 mt steel scrap fiot
+1,200/3,00 2-12/4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="391" NEWID="12163">
+<DATE> 1-APR-1987 13:53:02.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1953&#31;reute
+h f BC-CIRO-INC-&lt;CIRI>-YEAR   04-01 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRO INC &lt;CIRI> YEAR</TITLE>
+<DATELINE>    NEW YORK, April 1 -
+    </DATELINE><BODY>Shr loss three cts vs profit 16 cts
+    Net loss 119,000 vs profit 637,000
+    Revs 17.5 mln vs 15.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="392" NEWID="12164">
+<DATE> 1-APR-1987 13:53:15.61</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1954&#31;reute
+r f BC-LONDON-ORE-ENQUIRIES/   04-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON ORE ENQUIRIES/FIXTURES</TITLE>
+<DATELINE>    LONDON, April 1 - Enquiries - </DATELINE><BODY>South Africa/Salvador, Brazil
+15,000 long tons manganese ore 2,500/1,500 end April.
+    Callao/Crotone 5,000 mt minerals 4,000/2,000 spot.
+    Geraldton/Tampico 13,500 mt bulk mineral sands fio
+10,000/2,000 1-10/5.
+    Itea/Dunkirk 20,000 mt bauxite seven days all purposes
+10-13/4.
+    Tampico/North Spain 15,000 mt ore two days shinc/3,000 shex
+5-25/4.
+    One port German North Sea/USG 10,500 mt bulk ore
+2,500/4,000 7-13/4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="393" NEWID="12165">
+<DATE> 1-APR-1987 13:54:10.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1957&#31;reute
+u f BC-COURT-TO-APPOINT-TRUS   04-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT TO APPOINT TRUSTEE FOR NP ENERGY &lt;NPEEQ></TITLE>
+<DATELINE>    LOS ANGELES, April 1 - </DATELINE><BODY>NP Energy Corp said its bankruptcy
+court will appoint a trustee to oversee the company's
+two-year-old bankruptcy proceedings.
+    A spokesman for the company said the trustee, who has yet
+to be named, will also look into the conflict of interest
+problems that have arisen during the proceedings.
+    He said both NP Energy and its unsecured creditors had
+request that a trustee be appointed.
+    In addition, the spokesman said the company had put into
+production an oil well in the Altamont Bluebell Field, Utah.
+The well is producing 300 barrels a day, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="394" NEWID="12166">
+<DATE> 1-APR-1987 13:54:29.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1959&#31;reute
+r f BC-HELM-RESOURCES-INC-&lt;H   04-01 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELM RESOURCES INC &lt;H> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, April 1 -
+    </DATELINE><BODY>Oper shr loss two cts vs loss 13 cts
+    Oper net loss 236,000 vs loss 1,131,000
+    Revs 26.6 mln vs 26.3 mln
+    Year
+    Oper shr profit two cts vs loss 15 cts
+    Oper net profit 286,000 vs loss 1,292,000
+    Revs 105.3 mln vs 95.3 mln
+    NOTE: Net excludes discontinued operations gain 20,000 dlrs
+vs loss 1,291,000 dlrs in quarter and gain 60,000 dlrs vs loss
+1,590,000 dlrs in year.
+    Net excludes extraordinary loss 38,000 dlrs vs gain
+1,941,000 dlrs in quarter and gains 162,000 dlrs vs 1,941,000
+dlrs in year.
+    1986 net both periods includes writedowns of 290,000 dlrs
+of oil-related seismic data.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="395" NEWID="12167">
+<DATE> 1-APR-1987 13:54:38.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1960&#31;reute
+r f BC-AYDIN-&lt;AYD>-GETS-AIR   04-01 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AYDIN &lt;AYD> GETS AIR FORCE CONTRACT</TITLE>
+<DATELINE>    HORSHAM, Pa., April 1 - </DATELINE><BODY>Aydin Corp said it has received a
+five-year 54 mln dlr contract from the U.S. Air Force for
+production of nine An/MST-T1A Multiple Threat Emitter System
+ground-based emitter simulators.
+    It said if all options are exercised, the contract will be
+worth a total of 78 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="396" NEWID="12168">
+<DATE> 1-APR-1987 13:54:46.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1961&#31;reute
+d f BC-SARLEN-&lt;SALNU>-COMPLE   04-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SARLEN &lt;SALNU> COMPLETES PRIVATE PLACEMENT</TITLE>
+<DATELINE>    DEERFIELD BEACH, Fla., April 1 - </DATELINE><BODY>Sarlen and Associates Inc
+said it completed its private placement of 12.5 mln dlrs of
+five-year eight pct senior subordinated notes with warrants to
+purchase common and 2.5 mln dlrs of 12 pct series A preferred
+with warrants to purchase common.
+    It said a portion of the proceeds was used to finance its
+acquisition of Gleason Security Services Inc and Gleason Plant
+Security Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="397" NEWID="12169">
+<DATE> 1-APR-1987 13:54:51.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1962&#31;reute
+d f BC-&lt;SASCO-PRODUCTS-INC>   04-01 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SASCO PRODUCTS INC> YEAR LOSS</TITLE>
+<DATELINE>    DALLAS, April 1 -
+    </DATELINE><BODY>Shr loss eight cts vs profit four cts
+    Net loss 365,430 vs profit 165,508
+    Revs 5,577,244 vs 4,643,803
+    NOTE: 1986 net includes nonrecurring expenses of 408,518
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="398" NEWID="12170">
+<DATE> 1-APR-1987 13:54:57.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1963&#31;reute
+d f BC-NUCLEAR-METALS-&lt;NUCM>   04-01 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUCLEAR METALS &lt;NUCM> GETS ARMY CONTRACT</TITLE>
+<DATELINE>    CONCORD, Mass., April 1 - </DATELINE><BODY>Nuclear Metals Inc said it has
+received a 6,300,000 dlr U.S. Army contract for 105 millimeter
+depleted uranium penetrators used as ammunition for the M-1
+tank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="399" NEWID="12171">
+<DATE> 1-APR-1987 13:55:27.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1966&#31;reute
+d f BC-AUSIMONT-COMPO-&lt;AUS>   04-01 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSIMONT COMPO &lt;AUS> SELLS UNIT</TITLE>
+<DATELINE>    WALTHAM, Mass., April 1 - </DATELINE><BODY>Ausimont Compo NV said it has
+sold the assets of its Equipment and Machinery Division for
+about six mln dlrs to an investment group including the unit's
+management, resulting in a modest pretax gain that will be
+included in first quarter results.
+    The unit had sales of five mln dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="400" NEWID="12172">
+<DATE> 1-APR-1987 13:55:31.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1967&#31;reute
+d f BC-ATLANTIC-RESEARCH-&lt;AT   04-01 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC RESEARCH &lt;ATRC> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    ALEXANDRIA, Va., April 1 - </DATELINE><BODY>Atlantic Research corp said it
+has completed the acquisition of professional services firm ORI
+Group for 1,414,313 common shares on a pooling of interests
+basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="401" NEWID="12173">
+<DATE> 1-APR-1987 13:55:41.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1968&#31;reute
+d f BC-PEABODY-HOLDING-COMPL   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEABODY HOLDING COMPLETES ACQUISITION</TITLE>
+<DATELINE>    ST. LOUIS, April 1 - </DATELINE><BODY>&lt;Peabody Holding Co Inc> said it has
+completed its acquisition of substantially all Eastern Gas and
+Fuel Associate's &lt;EFU> coal properties for 15.01 pct of Peabody
+Holding's stock.
+    Peabody said the purchase includes seven underground mines
+and seven coal preparation plants currently operated by
+Eastern, as well as coal properties being mined by several
+contractors in West Virginia.
+    The acquisition also involves about 800 mln tons of coal
+reserves, mostly in West Va., and includes Eastern's coal
+reserves and inactive Powderhorn operations near Palisade,
+Colo, Peabody said.
+    Peabody added that it expects to announce within the next
+week how it will staff and operate the properties and offices
+it has acquired from Eastern.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="402" NEWID="12174">
+<DATE> 1-APR-1987 13:55:48.84</DATE>
+<TOPICS><D>sugar</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1969&#31;reute
+r f BC-LONDON-SUGAR-FREIGHTS   04-01 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SUGAR FREIGHTS</TITLE>
+<DATELINE>    LONDON, April 1 - ENQUIRIES - </DATELINE><BODY>Delfzyl/India 14,700 mt
+bagged sugar about 30 dlrs 750/1,000 ppt a/c Benham.
+    Antwerp/Lagos 12,000 mt bagged sugar 750/750 try liner
+discharge 5-20/4 a/c E D and F Man.
+    T/C single or tweendecker 16,000/19,000 tonnes dw del
+Queensland mid-April/early-May for trip with bulk sugar redel
+China duration about 30 to 40 days a/c Kawasaki.
+    One port A-H range/Dubai 6,800 mt bagged sugar 750/750
+10-15/4 a/c unnamed charterer.
+    enquiries - Rouen-Hamburg/India 14,000 mt bagged sugar
+750/1,000 15-25/4 a/c Woodhouse, Drake and Carey.
+    Flushing/Hodeidah and Mokha 16,800 mt bagged sugar 750/750
+9-15/4 Genoc.
+    Santos/Hodeidah 10,000 mt bagged sugar about 30 dlrs
+750/750 20-30/4 a/c Dutch charterer.
+    Cargill is reported to have withdrawn its enquiries for
+cargoes from South Korea to India, from Constanza to India and
+from Buenaventura to the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="403" NEWID="12175">
+<DATE> 1-APR-1987 13:56:28.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1971&#31;reute
+u f BC-U.S.-LABOR-SECRETARY   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LABOR SECRETARY SEES STRONG JOB GROWTH</TITLE>
+<DATELINE>    CHICAGO, April - </DATELINE><BODY>U.S. Labor Secretary William Brock said he
+expects to see healthy employment growth through the beginning
+of next year.
+    "I expect we'll have continued strong job creation through
+1987 and into early 1988," Brock told reporters prior to a
+speech here.
+    Brock cited yesterday's strong rise in the February index
+of leading economic indicators as a signal for further strong
+employment gains.
+    January non-farm payroll jobs grew by 319,000 and February
+was up 337,000 jobs. March data will be released Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="404" NEWID="12176">
+<DATE> 1-APR-1987 13:56:34.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1972&#31;reute
+h f BC-PENTA-SYSTEMS-INTERNA   04-01 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTA SYSTEMS INTERNATIONAL INC &lt;PSLI> 4TH QTR</TITLE>
+<DATELINE>    NEW YORK, April 1 -
+    </DATELINE><BODY>Shr loss six cts vs loss 76 cts
+    Net loss 343,748 vs loss 4.0 mln
+    Revs 5.1 mln vs 4.8 mln
+    Year
+    Shr profit 12 cts vs loss 1.45 dlr
+    Net profit 611,784 vs loss 7.7 mln
+    Revs 21.6 mln vs 19.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="405" NEWID="12177">
+<DATE> 1-APR-1987 13:58:40.78</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1976&#31;reute
+f f BC-fed-buys-bills   04-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS IT BUYS 550 MLN DLRS OF BILLS FOR CUSTOMER, MAY
+THROUGH SEPT 24 MATURITY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="406" NEWID="12178">
+<DATE> 1-APR-1987 13:59:24.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE><D>chirac</D><D>delors</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1977&#31;reute
+u f AM-CHIRAC-TELEPHONE   04-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHIRAC SEES QUICK DECISION ON CGCT</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>French Prime Minister Jacques Chirac
+told U.S. congressmen France would announce a decision in two
+to three weeks on which group is to control its second largest
+communications firm, Compagnie Generale de Construction
+Telphoniques, French sources said.
+    They said Chirac promised that France's decision would be
+based on financial, economic and technical criteria, and not on
+political grounds.
+    U.S. and German companies are the leading contenders to
+take control of CGCT.
+    The Reagan administration has warned France and Germany
+that it may retaliate if control of the company is awarded on
+political grounds.
+    Jacques Delors, President of the European Community's
+Executive Commission, called last month for control to go to
+West Germany's Siemens AG in order to strengthen European
+industry.
+    The other leading contender is a consortium of American
+Telephone and Telegraph Co &lt;T> with Philips NV of the
+Netherlands.
+    Chirac said France would make public its reasons for
+awarding control, the sources said. He was asked about the
+company's fate on two occasions, in meetings with leaders of
+the Senate and House of Representatives.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="407" NEWID="12179">
+<DATE> 1-APR-1987 14:00:24.37</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G T M
+&#22;&#22;&#1;f1980&#31;reute
+d f BC-panama-canal-ships   04-01 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AGENCY REPORTS 41 SHIPS WAITING AT PANAMA CANAL</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Panama Canal Commission, a U.S.
+government agency, said in its daily operations report that
+there was a backlog of 41 ships waiting to enter the canal
+early today. Over the next two days it expects --              
+             4/01  4/02
+                       Due: 34    34
+      Scheduled to Transit: 41    39
+           End-Day Backlog: 34    29
+
+    Average waiting time tomorrow --
+         Super Tankers  Regular Vessels
+ North End:  25 hrs      11 hrs
+ South End:  24 hrs      31 hrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="408" NEWID="12180">
+<DATE> 1-APR-1987 14:00:34.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>asx</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1982&#31;reute
+h f BC-AUSTRALIA-STOCK-EXCHA   04-01 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA STOCK EXCHANGES ENTER NEW ERA</TITLE>
+<AUTHOR>    By Peter Bale, Reuters</AUTHOR>
+<DATELINE>    SYDNEY, April 1 - </DATELINE><BODY>The Australian Stock Exchange Ltd (ASX)
+today took up the responsibility for administering a new
+coordinated market made up of Australia's six former exchanges,
+now operating as subsidiary trading floors.
+    At the same time, rules prohibiting corporations and
+non-stock-exchange members from holding more than 50 pct of
+Australia's 101 brokerage firms were abolished, leaving brokers
+exposed to greater deregulation.
+    Industry sources said the moves will smooth the changeover
+to screen-based trading and give the equities market one voice.
+    Westpac Banking Corp &lt;WSTP.S> was one of the first to take
+advantage of the changes by announcing today it would double
+its stake in the Sydney firm &lt;Ord Minnett Ltd> to 100 pct.
+    Brokers have been introduced to creeping deregulation over
+the past three years after legislation passed in 1984 to end
+restrictive trade practices forced the traditional partnerships
+to open themselves at first to partial ownership by outside
+institutions, and eventually to full ownership.
+    The phase-in period has ended, and several major banks and
+offshore financial institutions are investigating taking larger
+stakes in Australian broking houses, industry sources said.
+    Though deregulation was all but forced on brokers, most now
+acknowledge that the influx of capital and contacts from
+non-member shareholders has benefited the industry, they said.
+    "Deregulation has brought an infusion of additional capital
+and a broader base of products," ASX chairman Ian Roach told
+Reuters.
+    Roach said fears that major bank shareholders would impose
+a restrictive and conservative "bank culture" on the dynamic
+sharebroking industry were unfounded.
+    "So far the banks have been mindful of the importance of
+preserving the entrepreneurial aspect of sharebroking," he said.
+    But some brokers said others are sceptical and expect that
+the expiration of "golden handcuff" pacts, which tied partners to
+their firms for a period after incorporation, could cause a
+massive talent drain.
+    Several leading brokers have already announced plans to
+leave their firms and establish new private client businesses,
+while others plan public floats.
+    While bank shareholders have enjoyed dabbling in broking
+during Australia's record two-and-a-half year bull run, they
+could find themselves without the expertise they need during
+more difficult times, some brokers said.
+    Rene Rivkin, head of Sydney brokerage house &lt;Rivkin James
+Capel Ltd>, said many brokers will resist anything that
+restricts their individuality and entrepreneurial spirit, and
+this could leave new entrants into the business short-staffed.
+    "If I were a bank I'm not sure I would have gone into
+broking.... What's going to happen when a lot of these golden
+handcuffs come to an end?" Rivkin said.
+    "Only then will the banks know what they've got," he said.
+    Rivkin's firm is 50 pct owned by Hongkong and Shanghai
+Banking Corp &lt;HKBH.HK> unit &lt;Wardley Australia Ltd> and plans a
+public float of between 25 and 30 pct.
+    "My relationship with the Hong Kong bank is wonderful. They
+leave me alone and give me all the support I need.... Maybe if
+we weren't doing so well there wouldn't be that support, but
+that hasn't happened," he said.
+    Other firms might not be so lucky, he said, and they could
+find it difficult to preserve their independence when the bull
+market ends.
+    In the last two years, the value of the Australian
+sharemarket has leapt 118 pct with turnover value up 152 pct to
+31.24 billion dlrs in the year to June 30, 1986.
+    That growth put existing trading systems and clearing
+houses under pressure, and unification of the six sovereign
+exchanges should accelerate the development of screen-based
+trading and a single clearing house, industry sources said.
+    From July this year 30 leading stocks will be traded in a
+pilot of the ASX's screen trading system which, depending on
+its reception by brokers, is expected to replace trading floors
+over the next four years, industry sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="409" NEWID="12181">
+<DATE> 1-APR-1987 14:02:08.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1989&#31;reute
+u f BC-WALL-STREET-STOCKS/PA   04-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/PACIFIC GAS &lt;PCG></TITLE>
+<DATELINE>    LOS ANGELES, April 1 - </DATELINE><BODY>Pacific Gas and Electric Co's plan
+to change its accounting methods for nuclear plant revenues,
+together with the prospect of higher higher domestic interest
+rates, helped push the company's stock price down 2-1/8 to 22,
+utility analysts and company executives said.
+    Pacific Gas said yesterday that a change in the method for
+accounting for its Diablo Canyon Nuclear power plant revenues
+will result in a 470 mln dlr reduction in 1987 earnings.
+    The company also said it intends to continue paying its
+common stock dividend at the current annual rate of 1.92 dlrs
+per share.
+    But the move also means that the company is not likely to
+increase its dividend for perhaps as long as three years, said
+Mark Luftig, an analyst at Salomon Brothers Inc.
+    "Anybody looking for a dividend increase has been
+dissapointed (by the announcement)," Luftig said.
+    Pacific Gas has raised its common stock dividend on a
+regular basis for the past 10 years, a company spokeswoman
+said.
+    In addition, she also pointed out that prospects for higher
+interest rates may also be affecting Pacific Gas trading
+activity.
+    Citicorp &lt;CCI> and Chase Manhattan Corp &lt;CMB> yesterday
+increased their prime lending rates to 7-3/4 pct from 7-1/2
+pct. It was the first rate increase by the big banks in nearly
+three years.
+    Utility earnings are sensitive to interest rate increases
+because of the high levels of borrowings needed to finance
+ongoing construction projects.
+    Despite the market reaction, First Boston Corp analyst
+Arlene Barnes applauded the Pacific Gas decision.
+    "This is a very prudent move on management's part," said
+Barnes.
+    Rather than using accounting tools to reflect income it is
+not taking in, the company will now account for only the 40 pct
+of the cost of owning and operating the plant that regulators
+are allowing in the form of interim rate relief, Barnes said.
+    Pacific Gas had been carrying the other 60 pct as a
+deferred cash receivable and accounted for the non-cash item as
+income.
+    "They'll take the hit this year, but at least we'll be
+looking at an honest earnings picture," Barnes also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="410" NEWID="12182">
+<DATE> 1-APR-1987 14:03:08.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1999&#31;reute
+w f BC-CONTROL-RESOURCE-INDU   04-01 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTROL RESOURCE INDUSTRIES INC &lt;CRIX> 4TH QTR</TITLE>
+<DATELINE>    MICHIGAN CITY, Ind., April 1 -
+    </DATELINE><BODY>Shr loss five cts vs profit eight cts
+    Net loss 152,000 vs profit 214,000
+    Revs 6.2 mln vs 2.4 mln
+    Year
+    Shr profit 22 cts vs profit 33 cts
+    Net profit 809,000 vs 853,000
+    Revs 22.4 mln vs 7.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="411" NEWID="12183">
+<DATE> 1-APR-1987 14:05:48.02</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2015&#31;reute
+b f BC-FED-BUYS-550-MLN-DLRS   04-01 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED BUYS 550 MLN DLRS OF BILLS FOR CUSTOMER</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>The Federal Reserve bought about 550
+mln dlrs of U.S. Treasury bills for a customer, a spokeswoman
+said.
+    She said the Fed bought bills maturing from May through
+September 24 for regular delivery tomorrow.
+    Federal funds were trading at 6-3/16 pct when the Fed
+announced the operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="412" NEWID="12184">
+<DATE> 1-APR-1987 14:06:39.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2016&#31;reute
+s f BC-AMERICAN-WATER-WORKS   04-01 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN WATER WORKS CO INC &lt;AWK> SETS PAYOUT</TITLE>
+<DATELINE>    WILMINGTON, Del., April 1 -
+    </DATELINE><BODY>Qtly div 32 cts vs 32 cts prior
+    Pay May 15
+    Record May One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="413" NEWID="12185">
+<DATE> 1-APR-1987 14:07:13.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2018&#31;reute
+s f BC-HUNT-MANUFACTURING-CO   04-01 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNT MANUFACTURING CO &lt;HUN> SETS PAYOUT</TITLE>
+<DATELINE>    PHILADELPHIA, April 1 -
+    </DATELINE><BODY>Qtrly div 11 cts vs 11 cts
+    Pay April 21
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="414" NEWID="12186">
+<DATE> 1-APR-1987 14:08:04.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2020&#31;reute
+r f BC-ITEL-&lt;ITEL>-BUYS-CAST   04-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITEL &lt;ITEL> BUYS CASTLE/COOKE &lt;CKE> UNIT ASSETS</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>Itel Corp said it has completed the
+previously-announced acquisition of the container fleet and
+related assets of Castle and Cooke Inc's Flexi-Van Leasing Inc
+subsidiary for about 130 mln dlrs in cash and marketable
+securities, 30 mln dlrs in notes, three mln common shares and
+the assumption of liabilities.
+    The company said it has obtained 150 mln dlrs in financing
+from a bank group for the deal, and the common shares are
+subject to a 10-year restriction on their sale and voting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="415" NEWID="12187">
+<DATE> 1-APR-1987 14:09:36.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2023&#31;reute
+d f BC-PITTSBURGH-AND-WEST-V   04-01 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PITTSBURGH AND WEST VIRGINIA RAILROAD &lt;PW> NET</TITLE>
+<DATELINE>    PITTSBURGH, April 1 - </DATELINE><BODY>4th qtr
+    Shr 14 cts vs 14 cts
+    Net 210,000 vs 211,000
+    Revs 230,000 vs 229,000
+    Year
+    Shr 56 cts vs 56 cts
+    Net 838,000 vs 841,000
+    Revs 919,000 vs 919,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="416" NEWID="12188">
+<DATE> 1-APR-1987 14:11:06.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2028&#31;reute
+d f BC-/U.S.-JAPAN-TALKS-SEE   04-01 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S.-JAPAN TALKS SEEN NO DELAY TO TARIFFS</TITLE>
+<AUTHOR>    By Robert Trautman, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>President Reagan's move to impose
+stiff tariffs on Japanese goods stems from deep U.S.
+frustration over Japan's trade policy, and he has no intention
+of calling off the sanctions, trade analysts said.
+    U.S. officials put down any idea of delaying imposing the
+300 mln dlrs in tariffs, despite seemingly contradictory
+comments by some Administration aides.
+    A visit here next week by Japanese trade officials and a
+visit to Tokyo by a senior State Department official will
+likely do nothing to change the U.S. decision, they added.
+    "Do not expect the problem to be resolved or the sanctions
+not to go into effect," said a senior U.S. trade official.
+    Reagan last Friday announced that on April 17 he would
+raise tariffs on certain Japanese exports to penalize Japan for
+breaking a 1986 pact governing trade in semiconductors.
+    Some U.S. officials had hinted the United States and Japan
+might settle their dispute in time to hold off the tariffs, but
+this has now been dismissed by other senior officials.
+    They noted that negotiations over compliance with the pact
+had been going on for several months, with little success.
+    Japanese firms this week announced plans to cut chip output
+and increase U.S. chip imports, but U.S. officials said Japan's
+move was too late to stave off the American tariffs.
+    The tariffs are to be imposed after a period of public
+comment, but Commerce Secretary Malcolm Baldrige said any
+settlement would probably come too late to delay the tariffs.
+    U.S. Trade Represenative Clayton Yeutter predicted Japan
+would not be able to comply with the pact in time to hold off
+the new tariffs on goods including personal computers,
+television sets, power tools and electric motors.
+    Trade analysts said that in any case the U.S.-Japanese
+semiconductor dispute was only one of many, and trade frictions
+will continue until Japan ended a policy of predatory pricing
+and opened its home market to foreign goods.
+    Other disputes include Japanese prevention of U.S. firms
+from taking part in building a new eight billion dlr airport
+near Osaka and selling a wide variety of goods in Japan,
+including an array of agricultural products.
+    A new row has now arisen over Japan's decision to severely
+limit foreign participation in its telecommunication market.
+    U.S. officials have said the American telecommunications
+market is open to foreign firms and it was only fair trade to
+open the Japanese market to 33 pct foreign participation, as
+Japan had previously agreed.
+    Britain has also protested the Japanese limitations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="417" NEWID="12189">
+<DATE> 1-APR-1987 14:12:12.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2033&#31;reute
+r f BC-&lt;TOPPS-CO-INC>-FILES   04-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TOPPS CO INC> FILES FOR INITIAL OFFERING</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Topps Co Inc said it has filed for an
+initial public offering of 4,500,000 common shares, including
+3,500,000 shares to be sold by shareholders.
+    It said lead underwriters are &lt;Goldman, Sachs and Co> and
+Alex. Brown and Sons Inc &lt;ABSB> and the underwriting group has
+been granted an option to buy up to 675,000 more shares to
+cover overallotments.  The initial offering price is expected
+to be 15 to 18 dlrs a share, and proceeds will be used for debt
+reduction, it said.
+    Topps had been public once before but went private in a
+leveraged buyout in 1984.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="418" NEWID="12190">
+<DATE> 1-APR-1987 14:12:46.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2037&#31;reute
+d f BC-DIGITAL-COMM-&lt;DCAI>-W   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL COMM &lt;DCAI> WINS FAVORABLE RULING</TITLE>
+<DATELINE>    ATLANTA, Apri 1 - </DATELINE><BODY>Digital Communications Associates Inc
+said the U.S. District Court issued a ruling prohibiting
+&lt;Softklone Distributing Corp> from selling a software product
+that Digital claimed violates one of its copyrights.
+    The company said no damages were set in the court's ruling.
+    "The court has validated our contention that the user
+interface and the appearnace of a product is a vital element of
+the product and is protectable by U.S. copyright law," the
+company said.
+    Digital said the ruling involved a copyright infringement
+suit filed against Softklone by Microstuf Inc, which Digital
+acquired in October 1986.
+    The suit charged that Softklone's Mirror software product
+violated the copyright of Microstuf's CrossTalk program,
+Digital said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="419" NEWID="12191">
+<DATE> 1-APR-1987 14:13:03.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2039&#31;reute
+d f BC-DYNALECTRON-&lt;DYN>-BUY   04-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DYNALECTRON &lt;DYN> BUYS AVIATION FACILITY</TITLE>
+<DATELINE>    MCLEAN, Va, April 1 - </DATELINE><BODY>Dynalectron Corp said it purchased
+certain assets of Standard Aero Inc including leasehold rights
+to its aircraft modification and maintenance facility in
+Phoenix, Ariz.
+    Terms were not released.
+    The facility consists of 285,000 square feet of hangar and
+shop space. Dynalectron will operate the plan as Dynair Tech
+Inc and is offering continued employment to about 460 former
+standard Aero employees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="420" NEWID="12192">
+<DATE> 1-APR-1987 14:14:10.74</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>soybean</D><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2041&#31;reute
+r f BC-U.S.-FARM-REORGANIZAT   04-01 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM REORGANIZATIONS PROVING COSTLY - GAO</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. farmers who reorganize their
+operations to circumvent a cap on federal payments could add
+2.3 billion dlrs to the cost of the government's agricultural
+programs by 1989, the General Accounting Office, GAO, said.
+    "We estimate that should the trend in farm reorganizations
+continue, reorganizations since 1984 could be adding almost 900
+mln dlrs annually to program costs by 1989," GAO Senior
+Associate Director Brian Crowley said.
+    "Cumulative costs for the six-year period, 1984 to 1989,
+could approach 2.3 billion dlrs," he said.
+    Between 1984 and 1986, reorganizations added almost 9,000
+new persons to U.S. Agriculture Department payment rolls,
+Crowley told the House Agriculture Subcommittee on Wheat,
+Soybeans and Feedgrains.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="421" NEWID="12193">
+<DATE> 1-APR-1987 14:16:12.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2045&#31;reute
+r f BC-CHEVRON-&lt;CHV>-UNIT-AC   04-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEVRON &lt;CHV> UNIT ACCEPTS AMERICAN EXPRESS</TITLE>
+<DATELINE>    SAN FRANCISCO, April 1 - </DATELINE><BODY>Chevron Corp's domestic oil and
+gas unit, Chevron USA, said it will honor American Express
+cards at all of the company's Chevron outlets but only some of
+its Gulf branded outlets.
+    Chevron USA, with more than 15,000 Chevron and Gulf outlets
+nationwide, predicted all of its independent dealers will elect
+to honor the cards. Because of recent divestitures, Chevron USA
+said the agreement does not cover Gulf brand outlets in
+Alabama, Florida, Georgia, Kentucky, Mississippi, North
+Carolina, South Carolina and Tennessee, as well as Delaware,
+New Jersey, New York, Pennsylvania and New England.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="422" NEWID="12194">
+<DATE> 1-APR-1987 14:17:09.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>howard-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2046&#31;reute
+u f AM-GIULIANI   04-01 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ATTORNEY GIULIANI SAYS HE OFFERED SEC POST</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>U.S. Attorney for Manhattan Rudolph
+Giuliani, who has been leading a major probe into government
+corruption and the Mafia, said he was offered a top job at the
+Securities and Exchange Commission.
+    But added he had no plans to take that job.
+    Newspaper reports have said Giuliani was offered the
+chairmanship of the SEC, but he declined to say what position
+he was offered at the federal agency.
+    Speaking to reporters after a press conference called to
+announce the corruption indictment of a former city official,
+Giuliani said he had talks at the White House with chief of
+staff Howard Baker last month about the SEC.
+    "Right now I am still here. I have no intention of
+leaving....This is not a good time for me to leave. I have a
+few more months of work to do and I don't think they should
+hold a job open for me," Giuliani said in a reference to the
+ongoing probes his office is conducting into New York city
+corruption and the Mafia.
+    He added that he also had feelers from two people as to
+whether he would be interested in the FBI director's post and
+said he informed them that he was not interested.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="423" NEWID="12195">
+<DATE> 1-APR-1987 14:18:34.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2048&#31;reute
+u f BC-TALKING-POINT/PUROLAT   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/PUROLATOR COURIER &lt;PCC></TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    New York, April 1 - </DATELINE><BODY>Emery Air Freight Corp topped a
+leveraged buyout offer for Purolator Courier Corp by about 40
+mln dlrs, but Wall Street is reacting as though another offer
+may surface.
+    Purolator's stock climbed 5-3/8 today, to 40-1/8, 1/4 over
+Emery's 40 dlr per share offer. Emery topped a 35 dlr per share
+or 268 mln dlr offer from E.F. Hutton LBO Inc.
+    Some analysts said the latest, 306 mln dlr offer for
+Purolator exceeded their expectations.
+    Several analysts previously had said they saw takeover
+values for the package delivery company in the 35 dlr per share
+range. At least one, however, estimated the company could be
+taken over in a range of 38 to 42 dlrs per share.
+    Analysts today would not venture to say whether another
+offer could be made, but some arbitragers still held to the
+belief that the bidding could go higher.
+    "They have no choice to seek out the best possible offer.
+Emery has shown the courage to go forth," said one arbitrager,
+who speculated other courier companies may also emerge as
+bidders.
+    "It makes sense," said James Parker of Robinson Humphrey.
+But "It won't make out as well as they think. They won't get a
+100 pct of the synergies."
+    Analysts said the acquisition could cost Emery earnings in
+the short term, but long term, after eliminating redundancies
+and selling other Purolator assets, it should boost Emery's
+profitability.
+    Parker said a combined Purolator and Emery would rival
+United Parcel Service as the second largest U.S. package
+delivery company after Federal Express Corp &lt;FDX>, which has 47
+pct of the market.
+    Parker speculated that the combined Emery-Purolator would
+have about 24 pct of the six to seven billion dlr delivery
+business.
+    "This will make Emery a bigger factor in the light weight
+(delivery) business, but it will not make them a power house,"
+said Douglas Arthur of Kidder, Peabody and Co.
+    Purolator today declined comment on the Emery offer, and
+its chairman Nicholas Brady did not return a phone call.
+    E.F.Hutton LBO also declined comment on the Emery offer,
+but said it extended the expiration and withdrawal period on
+its offer to April six at midnight from today at midnight EST.
+    One analyst speculated the extension makes it more likely
+Hutton will attempt another offer. However, he was skeptical a
+company outside the package delivery industry would want to
+outbid 40 dlrs per share because it would not have the same 
+synergies as a courier company.
+    Since Purolator agreed in late February to a buyout by some
+of its management and the E.F. Hutton Group &lt;EFH> subsidiary,
+speculation has arisen that more bidding was to come.
+    The buyout was surrounded by controversy since a Purolator
+board member, Doresy Gardner resigned in March. Gardner said he
+believed a better offer could be made by another entity.
+    A spokesman for Gardner today said the former director had
+no contact with Emery, nor did he have any other buyers lined
+up for Purolator.
+    Purolator's deal with Hutton was also called into question
+by a shareholder suit filed earlier this week, which attempted
+to stop the tender offer to allow another bidder to come forth.
+Hearings in a New York state court were delayed until Monday.
+    Arbitragers had said they believed the Hutton offer could
+be bettered because the Wall Street firm was not planning to
+keep its cash tied up in Purolator. Hutton is providing a 279
+mln dlr "bridge" loan that would later be replaced with other
+debt. Hutton would maintain a majority interest in Purolator.
+    Hutton sources have said the firm was in fact facing risk n
+its investment since it did not know when it could reclaim its
+279 mln dlr loan.
+    Emery last year lost 5.4 mln dlrs on revenues of 887.5 mln
+dlrs. Purolator lost 57.6 mln dlrs on 841.4 mln dlrs in
+revenues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="424" NEWID="12196">
+<DATE> 1-APR-1987 14:18:48.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>senegal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2049&#31;reute
+d f AM-SENEGAL   04-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENEGAL PROMISED 1.8 BILLION DLRS AID</TITLE>
+<DATELINE>    PARIS, April 1 - </DATELINE><BODY>Aid donors have promised Senegal 1.8
+billion dlrs in soft loans over the next three years, to be
+split between project investment and balance of payment
+requirements, the World Bank said in a statement.
+    The aid was to support the second phase, running to
+mid-1990, of Senegal's "courageous and far-reaching" medium and
+long-term adjustment programme.
+    Senegal's Plan and Cooperation Minister Cheikh Hamidou Kane
+said the country achieved positive growth of 4.2 pct over the
+last two years, against negative growth of four pct in 1984,
+liquidated its debt arrears and laid the basis of a sound
+recovery strategy.
+    Aims over the coming years include giving the private
+sector a more dynamic role in the economy and rationalising
+public sector enterprises.
+    He said Senegalese businessmen would make three "regional
+trips" to Saudi Arabia, the United States, and Paris, to discuss
+the Senegal's "new environment" with western investors.
+    Finance Minister Mamoudou Toure said Senegal's global
+foreign debt excluding short-term commercial debt came to 800
+billion francs cfa (2.67 billion dlrs).
+    Citing figures for the budgetary year ending mid-1987 he
+deplored the fact debt servicing absorbed 50 pct of Senegal's
+budgetary resources, and 27 pct of export revenues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="425" NEWID="12197">
+<DATE> 1-APR-1987 14:19:04.39</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2050&#31;reute
+r f BC-CANADIAN-IMPERIAL-BAN   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN IMPERIAL BANK LOWERING VISA RATES</TITLE>
+<DATELINE>    TORONTO, April 1 - </DATELINE><BODY>&lt;Canadian Imperial Bank of Commerce>
+said it was lowering the interest rate on its Visa credit card
+to 15.9 pct from 18.6 pct, effective with the May billing
+statement.
+    The bank said it was also halving its yearly Visa card user
+fee to six dlrs, but would retain its 15 ct fee for each
+transaction.
+    A bank spokesman said the previously reported call by the
+Canadian Parliament's finance committee on March 20 for a
+substantial cut in credit card rates "was a factor" in the
+move, but he would not elaborate.
+    Canada's minister of state for finance Thomas Hockin had
+threatened legislation to reduce the rates, which apply to
+unpaid balances, if the financial institutions did not
+voluntarily act.
+    The Canadian Imperial Bank spokesman said "the bank card
+market is a very competitive one and we have to move to stay
+competitive."
+    Canadian Imperial's new rates match those of &lt;Toronto
+Dominion Bank>, which lowered its rates before the finance
+committee report.
+    Canadian Imperial Bank added that cardholders will be
+allowed to choose between the 15 ct transaction fee or the six
+dlr yearly card fee.
+    It will also eliminate the 50 ct minimum monthly
+transaction fee, it said.
+    Minister of State for Finance, Tom Hockin, said in the
+House of Commons today he was "delighted" with the bank's cut
+in its credit card rate.
+    "I would hope retail stores and other financial
+institutions will look to their rates as well," Hockin said
+during the daily question period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="426" NEWID="12198">
+<DATE> 1-APR-1987 14:23:23.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2057&#31;reute
+r f BC-PLATTE-RIVER-AUTHORIT   04-01 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLATTE RIVER AUTHORITY SELLS TAXABLE MUNI BONDS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>First Boston Corp, acting as sole
+manager, said it placed 29.4 mln dlrs of taxable power revenue
+bonds due 2005 of Platte River Power Authority of Colorado.
+    First Boston won the bonds in competitive bidding. It bid
+them at an 8-3/8 pct coupon. As the bonds will not be publicly
+offered, First Boston declined to give their price and yield.
+    The bonds have an average life of 11.5 years and are rated
+A-1 by Moody's and A by S/P. Underwriters said 22 firms bid for
+them, far more than the number of managers who typically bid
+for corporate debt as Wall Street houses are trying to boost
+their share of the young taxable municipal debt market.
+        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="427" NEWID="12199">
+<DATE> 1-APR-1987 14:23:48.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2058&#31;reute
+u f BC-QUEBEC-91-DAY-T-BILL   04-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBEC 91-DAY T-BILL YIELD RISES</TITLE>
+<DATELINE>      QUEBEC, April 1 - </DATELINE><BODY>This week's Quebec government auction
+of 85 mln dlrs worth of 91-day treasury bills yielded an
+average 7.03 pct, up from 6.85 pct last week, a finance
+department spokesman said.
+    The average price was 98.277.
+    This month's government auction of 50 mln dlrs worth of
+six-month treasury bills yielded an average 7.32 pct, down from
+7.56 pct last month, the spokesman said. The average price was
+97.480.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="428" NEWID="12200">
+<DATE> 1-APR-1987 14:24:14.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2059&#31;reute
+r f BC-TELECOM-PLUS-&lt;TELE>-T   04-01 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELECOM PLUS &lt;TELE> TO CHANGE NAME</TITLE>
+<DATELINE>    BOCA RATON, Fla., April 1 - </DATELINE><BODY>Telecom Plus International Inc
+said it has received all regulatory approvals needed to change
+its name to TPI Enterprises Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="429" NEWID="12201">
+<DATE> 1-APR-1987 14:25:12.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2060&#31;reute
+r f BC-NISSAN-MOTOR-&lt;NSANY>   04-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN MOTOR &lt;NSANY> SEES SECOND HALF PROFIT</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Nissan Motor Co Ltd of Japan said it
+expects that it was profitable in the second half ended
+yesterday after a first half operating loss of 17 billion yen.
+    Nissan chief financial officer Atsushi Muramatsu, in a
+speech before an automotive seminar, said he attributed the
+improvement to cost reductions and rationalizations of
+operations.
+    He said if exchange rates stabilize, Nissan will have a
+strong profit recovery in fiscal 1988 and profits for fiscal
+1989 better than those before the yen started advancing.
+    Muramatsu said Nissan is studying the possibility of
+setting up its own finance company to improve access to U.S.
+and European capital markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="430" NEWID="12202">
+<DATE> 1-APR-1987 14:26:03.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2064&#31;reute
+u f BC-GEOFFRION-LECLERC-FOR   04-01 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEOFFRION LECLERC FORECASTS RESULTS</TITLE>
+<DATELINE>    MONTREAL, April 1 - </DATELINE><BODY>(Geoffrion Leclerc Inc), in reporting
+sharply higher earnings for the six months ended February 28,
+said it expects third quarter results to continue at a strong
+pace and approximate the preceding quarters.
+    The brokerage firm earlier reported six month profit rose
+to 3.5 mln dlrs from 1.9 mln dlrs last year. It did not detail
+second quarter profit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="431" NEWID="12203">
+<DATE> 1-APR-1987 14:29:00.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2072&#31;reute
+u f BC-WALL-STREET-STOCKS/PO   04-01 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/POLAROID &lt;PRD></TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Rumors that New York investor Asher
+Edelman has acquired a stake in Polaroid Corp and optimism
+about tomorrow's status hearing on the patent infringement suit
+pending with Eastman Kodak Co &lt;EK> sent Polaroid's stock
+higher, traders said.
+    Polaroid rose 1-1/8 to 74-1/2.
+    "Speculation that Edelman was going to take a stake in
+Polaroid was kicking around a few months ago, and resurfaced
+today," one trader said.
+    Edelman had no comment on the rumors.
+    A spokesman for Polaroid said the company had not been
+contacted by Edelman and no filing had been made with the
+Securities and Exchange Commission about a stake in the
+company.
+    "There is some hope among investors that there will some
+progress in the status hearing tomorrow on the patent
+infringement suit with Kodak," analyst Michael Ellmann of
+Wertheim and Co said.
+    Traders said it is conceivable that a trial date could be
+set or some progress made on an out-of-court settlement.
+    The suit, filed by Polaroid in April 1976, charges that
+Kodak infringed upon Polaroid's instant camera patent. In
+October 1985, the court barred Kodak from selling cameras or
+film that infringe upon the patent, the Polaroid spokesman
+said.
+    Ellmann said he feels it is highly unlikely that any
+progress will be made in tomorrow's hearing.
+    Ellmann said the stock may have also gotten a boost today
+from some optimism concerning new products the company is
+currently working on.
+    "Polaroid's announcement that a particularly senior company
+executive had been chosen to work on a major unidentified new
+product spurred some speculation about their products," he
+said. "I am speculating that the new product could be an
+electronic still camera," referring to a camera that records
+its images on magnetic disks as opposed to conventional film.
+    Ellmann said the stock may have also gotten a boost today
+from some optimism concerning new products the company is
+currently working on.
+    "Polaroid's announcement that a particularly senior company
+executive had been chosen to work on a major unidentified new
+product spurred some speculation about their products," he
+said. "I am speculating that the new product could be an
+electronic still camera," referring to a camera that records
+its images on magnetic disks as opposed to conventional film.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="432" NEWID="12204">
+<DATE> 1-APR-1987 14:30:45.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2077&#31;reute
+u f BC-KAUFMAN-AND-BROAD-INC   04-01 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAUFMAN AND BROAD INC &lt;KB> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    LOS ANGELES, April 1 -
+    </DATELINE><BODY>Shr 41 cts vs 17 cts
+    Net 8,824,000 vs 4,555,000
+    Revs 301.9 mln vs 196.4 mln
+    Avg shrs 17,644,000 vs 16,085,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="433" NEWID="12205">
+<DATE> 1-APR-1987 14:31:06.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2078&#31;reute
+r f BC-ITEL-&lt;ITEL>-COMPLETES   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITEL &lt;ITEL> COMPLETES FLEXI-VAN ACQUISITION</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>Itel Corp said it completed the
+previously announced purchase of the container fleet and
+certain related assets of Flexi-Van Leasing Inc for about 130
+mln dlrs cash and marketable securities, 30 mln dlrs in notes,
+three mln shares of newly issued Itel common and assumption of
+certain liabilities.
+    The company said it obtained financing from a syndicate of
+major banks for 150 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="434" NEWID="12206">
+<DATE> 1-APR-1987 14:32:55.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>senegal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2086&#31;reute
+u f AM-SENEGAL   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AID DONORS PROMISE SENEGAL 1.8 BILLION DOLLARS</TITLE>
+<DATELINE>    PARIS, April 1 - </DATELINE><BODY>Aid donors have promised Senegal 1.8
+billion dollars in soft loan aid over the next three years, to
+be split between project investment and balance of payment
+requirements, the World Bank said in a statement.
+    It said after a two-day meeting of the Consultative Group
+for Senegal held here under its auspices the aid was to support
+the second phase, running to mid-1990, of Senegal's "courageous
+and far-reaching" medium and long-term adjustment programme.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="435" NEWID="12207">
+<DATE> 1-APR-1987 14:33:15.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2088&#31;reute
+u f BC-KAUFMAN-AND-BROAD-INC   04-01 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAUFMAN AND BROAD INC &lt;KB> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    LOS ANGELES, April 1 -
+    </DATELINE><BODY>Shr 41 cts vs 17 cts
+    Net 8,824,000 vs 4,555,000
+    Revs 301.9 mln vs 196.4 mln
+    NOTE: Housing backlog 135 mln dlrs, up over 33 pct from a
+year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="436" NEWID="12208">
+<DATE> 1-APR-1987 14:35:07.74</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2097&#31;reute
+u f BC-/-NY-ANALYSTS-SEE-COF   04-01 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NY ANALYSTS SEE COFFEE FUTURES FALLING FURTHER</TITLE>
+<DATELINE>    New York, April 1 - </DATELINE><BODY>New York coffee futures prices will
+probably fall to about 85 cents a lb in the next month before a
+consolidation trend sets in, according to market analysts.
+    Yesterday, prices for the spot May contract fell below 1.00
+dlr a lb for the first time since August 1981 after the
+International Coffee Organization did not place new export
+quota discussions on its current agenda.
+    Talks aimed at renegotiating ICO export quotas, after five
+years of price-supporting agreements, broke down in February.
+    "Short-term, it looks like a definite test of 90 cents,
+perhaps 85 cents," said William O'Neill, coffee analyst with
+Elders Futures. "But the additional downside may not be all
+that great from current levels."
+    "At this price level the market is very vulnerable to
+bullish developments," O'Neill added. "Rather than us having a
+market that will plummet we'll kind of see prices erode --
+probably to around 85 cents."
+    "I definitely see 90 cents and would not rule out a brief
+drop to 85 cents," said Debra Tropp, a coffee analyst with
+Prudential Bache. But she said by June worries about a freeze
+in Brazil growing areas will become more of a market factor,
+with prices likely to consolidate ahead of that time.
+    A trader at a major international trade house, who asked
+not to be named, said he expects a 10 cent drop near term but
+believes if Brazil opens May registrations at a relatively high
+export price and requires a high contribution quota from
+exporters the market could steady at the lower levels.
+    Longer term, he added, producer pressure will mount on
+Brazil to agree to consumers' export quota terms, and a new
+international agreement could come into force next fall.
+    Since the February talks broke down, the market has fallen
+from about 130.00 cents a lb to a low of 98.10 cents a lb
+today, as buyers and sellers sought to reassess supply and
+demand.
+    Generally, analysts say, producers have a large buildup of
+stocks, but U.S. roasters have drawn down supplies and will
+need to do some buying soon.
+    "Most producing nations have just completed or are about to
+complete their annual harvests and exportable supplies are at
+their seasonal peak. Exports remain behind year ago and
+warehouses in producer nations are becoming increasingly
+overburdened," said Sandra Kaul, coffee analyst for Shearson
+Lehman, in that firm's forthcoming quarterly coffee report.
+    Kaul said producers' need to procure hard currency to
+service foreign debt will put further pressure on them to sell,
+and "this should keep substantial pressure on exporters to
+undertake sales despite the drop in prices to six year lows."
+    Kaul believes the market will drop to 80 cents a lb before
+Brazil's frost season begins in June.
+    Accurate assessments of roaster demand are hard to come by,
+though analysts note the peak winter consumption period is
+passed and demand usually slows this time of year.
+    Shearson's Kaul estimated U.S. roaster ending stocks as of
+January 31, including soluble and roasted, at 6.3 mln bags
+compared with 6.9 mln at end-September 1986, a small drawdown
+for the usually busy winter roasting season.
+    But Elders O'Neill said, "The roasters are not overstocked
+by any means."
+    Analysts said picking a bottom to the market is difficult,
+given the fact prices have fallen into uncharted territory
+below the long-term support at 1.00 dlr per lb, and several
+traders said the sidelines might be preferable for the short
+term.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="437" NEWID="12209">
+<DATE> 1-APR-1987 14:35:51.40</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2102&#31;reute
+r f BC-HEMM-   04-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY/U.S. REFINING</TITLE>
+<AUTHOR>     By BERNICE NAPACH, Reuters</AUTHOR>
+<DATELINE>     NEW YORK, April 1 - </DATELINE><BODY>U.S. refiners said they are worried
+that growing supplies of imports, proposed federal
+environmental regulations, and the marketing of a third grade
+of unleaded gasoline would cost them dearly and at a time when
+the industry is recovering from a recent slump.
+     "We have to look at national security and cut the amount
+of products and crude coming into the country if it hurts the
+industry," said Archie Dunham, vice president of petroleum
+products at Conoco, subsidiary of DuPont Corp (DD).
+    U.S. oil imports account for about 38 pct of U.S.
+consumption but are expected to rise to 50 pct by the mid
+1990s, according to the Department of Energy.
+    "Can we afford to import 60 or 70 pct of our oil
+requirements 15 or so years from now?" asked John Swearingen,
+chairman of the board of Continental Illinois Corp &lt;CIL> and
+former chief executive of Amoco Corp &lt;AN>. "If your answer to
+that question raises doubt, then it behooves us to do all that
+we can now to cope with this situation and improve our
+position."
+    But Swearingen said he opposed the idea of an import fee, a
+view echoed by others attending this week's National Petroleum
+Refiners Association meeting in San Antonio, Texas.
+    "Talk of an import surcharge or controls is not encouraging
+because those things won't solve our problems and could well
+compound them," said Swearingen. "Once the government affects
+values, once an import quota or license has value, it's going
+to be subverted by government," he added.
+     William Martin, deputy Energy Secretary, said the costs of
+an import fee outweigh its benefits and suggested, as Energy
+Secretary John Herrington has, depletion tax credits to
+encourage domestic production and limit oil imports. He also
+said altnerative energy sources should be encouraged.
+     Restoration of the depletion allowance for a 27 pct
+deduction from the taxable income of oil companies is 
+controversal but might work, said Dunham.
+    Dunham and other officials opposed the idea of a fee on oil
+imports but said if one is enacted it must tax crude and
+product imports.
+    "Why would companies import crude when they could import
+products for a smaller cost if there were only a fee on crude?"
+asked Henry Rosenberg, chairman of Crown Central Petroleum
+&lt;CNP>.
+     An import fee would raise the costs of U.S. petrochemical
+products and make them noncompetive on the world market, Dunham
+said.
+     "The energy security issue should be considered when
+environmental issues are considered," Martin said.
+    "The level of investment for the proposed lowering of
+sulfur level of diesel to 0.05 pct by weight, for example, is
+unacceptable," Dunham said. "Most companies cannot afford it."
+    George Unzelman, president of HyOx, Inc., said these
+proposals "will place pressure on small refining operations and
+promote further industry consolidation."
+     An NPRA survey of of 139 refineries, which was released at
+the conference, said reducing sulphur content to 0.05 pct
+weight and aromatics to 20 volume pct aromatics in highway
+diesel fuel would cost refiners 6.65 billion dlrs.
+     The national average diesel fuel sulfur content in 1986
+for the survey respondents was 0.27 weight pct while the
+average aromatics content was 32 pct.
+     Another possible cost to refiners is the upgrading of
+facilities to produce a third grade of unleaded gasoline which
+is beginning to be marketed by some companies.
+    "What will be the standard octane level in various grades
+of unleaded gasoline?" asked Dunham. "A midlevel grade of
+unleaded gasoline with an octane level of 89 means an
+investment has to be made," Dunham said.
+     This grade is not warranted, said Crown's Rosenberg.
+     Despite these concerns, refiners are expecting margins to
+move higher in the next few months.
+     "We are beginning to see a return in wholesale margins,"
+said Roger Hemminghaus, chairman of the refining and marketing
+company that is to spin off from Diamond Shamrock Corp &lt;DIA>.
+     Margins are higher because the OPEC pact is holding, U.S.
+stocks of gasoline and heating oil are declining, and gasoline
+demand is rising as the driving season approaches, he said.
+     "This summer could be a good season for selling gasoline,"
+Hemminghaus said, adding that the new company will be primarily
+a gasoline producer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="438" NEWID="12210">
+<DATE> 1-APR-1987 14:38:15.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2113&#31;reute
+b f BC-CANADA-7-YEAR-BONDS-A   04-01 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA 7-YEAR BONDS AVERAGE 7.97 PCT YIELD</TITLE>
+<DATELINE>    OTTAWA, April 1 - </DATELINE><BODY>The Canadian government's auction of 400
+mln dlrs of 7-year and 3-month bonds yielded an average 7.97
+pct and were priced at an average 98.787 dlrs, the finance
+department said.
+    The coupon rate was 7.75 pct on the issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="439" NEWID="12211">
+<DATE> 1-APR-1987 14:39:24.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2118&#31;reute
+u f BC-/CSX-CORP-&lt;CSX>-1ST-Q   04-01 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSX CORP &lt;CSX> 1ST QTR NET</TITLE>
+<DATELINE>    RICHMOND, Va, April 1 -
+    </DATELINE><BODY>Shr 47 cts vs 56 cts
+    Net 73.0 mln vs 85.0 mln
+    Revs 1.89 billion vs 1.69 billion
+    NOTE: figures reflect the merger of Sea-Land Corp completed
+Feb 11, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="440" NEWID="12212">
+<DATE> 1-APR-1987 14:41:37.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2121&#31;reute
+r f BC-RIO-GRAND-&lt;RGDC>-UNIT   04-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIO GRAND &lt;RGDC> UNIT IN PARTNERSHIP AGREEMENT</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, April 1 - </DATELINE><BODY>Rio Grande Drilling Co said
+its subsidiary, Rio Grande Video, entered into a limited
+partnership agreement with a group of private investors to
+develop and operate five Blockbuster Video Superstores in
+Florida.
+    Blockbuster Video Superstores are franchises of Blockbuster
+Entertainment Corp &lt;BBEC>.
+    Rio Grande Video will act as general partner, owning 50 pct
+of the partnership, it said. The company must open 10 stores
+within the next two years to maintain exclusive license rights
+in the territory, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="441" NEWID="12213">
+<DATE> 1-APR-1987 14:43:07.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2124&#31;reute
+b f BC-WALL-STREET-STOCKS/LO   04-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/LORAL CORP &lt;LOR></TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Loral Corp climbed 3-3/4 to 48-3/4 amid
+rumors the company might be a takeover target of General
+Electric Co &lt;GE>. However, analysts said they were skeptical.
+    "Jack Welch doesn't want any more exposure to defense
+markets," said one analyst who heard the rumors but doubted
+their accuracy. The reference was to GE's chairman.
+    The analyst, who requested anonymity, said, "I wouldn't
+believe this one unless there's a deal on the table."
+    Loral Corp officials were not immediately available for
+comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="442" NEWID="12214">
+<DATE> 1-APR-1987 14:43:16.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2125&#31;reute
+r f BC-&lt;MORGAN-GRENFELL-GROU   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MORGAN GRENFELL GROUP PLC> OFFERS FUND</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Morgan Grenfell Group PLC's Morgan
+Grenfell Capital Management unit said it plans to offer in late
+April 7,500,000 shares of closed-end fund Morgan Grenfell
+SMALLCap Fund at 10 dlrs each.
+    It said the fund will seek long-term capital appreciation,
+mostly by investing in U.S. companies with market
+capitalizations between 50 and 500 mln dlrs.
+    Underwriters are Wedbush Securities Inc, Morgan Grenfell,
+Blunt Ellis and Loewi Inc, Butcher and Singer Inc, Raymond
+James and Associates and Robinson-Humphrey Co Inc.
+                     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="443" NEWID="12215">
+<DATE> 1-APR-1987 14:43:20.60</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f2126&#31;reute
+u f BC-magma-copper-price   04-01 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGMA LOWERS COPPER PRICE 0.25 CT TO 65.50 CTS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Magma Copper Co, a subsidiary of
+Newmont Mining Corp, said it is lowering its copper cathode
+price by 0.25 cent to 65.50 cents a lb, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="444" NEWID="12216">
+<DATE> 1-APR-1987 14:43:44.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2127&#31;reute
+r f BC-SNET-&lt;SNG>-SEES-GOOD   04-01 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SNET &lt;SNG> SEES GOOD 1987 EARNINGS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Southern New England Telecommunications
+Corp, SNET, said it expects to have good earnings in 1987
+against 4.46 dlrs per share or 139.2 mln dlrs in 1986.
+    The company also said it expects capital spending to rise
+to about 355 mln dlrs in 1987, up from 289 mln dlrs a year ago.
+    However, senior vice president of finance Daniel Miglio
+told a meeting of analysts that there was some uncertainty in
+its earnings outlook because SNET is currently involved in
+negotiations with state regulators on its rate of return on
+equity which currently stands at 16.2 pct.
+    The company also said it expects its SNET Systems business,
+which is composed of some of its non-regulated businesses, to
+be profitable by the end of the year.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="445" NEWID="12217">
+<DATE> 1-APR-1987 14:45:16.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2134&#31;reute
+r f BC-ESCAGEN-CORP-&lt;ESN>-CO   04-01 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESCAGEN CORP &lt;ESN> COMPLETES INITIAL OFFERING</TITLE>
+<DATELINE>    SAN CARLOS, Calif., April 1 - </DATELINE><BODY>Escagen Corp said it has
+completed an initial offering of common stock, raising 18 mln
+dlrs, and has completed its previously announced purchase of
+the assets and business of International Plant Research
+Institute.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="446" NEWID="12218">
+<DATE> 1-APR-1987 14:45:23.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2135&#31;reute
+r f BC-FIRST-FEDERAL-CHARLES   04-01 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL CHARLESTON &lt;FFCH> NAMES NEW CEO</TITLE>
+<DATELINE>    CHARTLESTON, S.C., April 1 - </DATELINE><BODY>First Federal Savings and Loan
+Association of Charleston said executive vice president A.L.
+Hutchinson Jr. has been named to succeed Robert L. Cale as
+president and chief executive officer when he retires on April
+1, 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="447" NEWID="12219">
+<DATE> 1-APR-1987 14:45:32.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2136&#31;reute
+r f BC-STRYKER-&lt;STRY>-ACQUIR   04-01 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRYKER &lt;STRY> ACQUIRES HEXCEL &lt;HXL> UNIT</TITLE>
+<DATELINE>    KALAMAZOO, Mich., April 1 - </DATELINE><BODY>Stryker Corp said it acquired
+Hexcel Medical Corp, a wholly owned subsidiary of Hexcel Corp.
+    The terms of the transaction were not disclosed.
+    The sale completes Hexcel's plan to sell all its medical
+products businesses, Hexcel said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="448" NEWID="12220">
+<DATE> 1-APR-1987 14:45:38.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2137&#31;reute
+r f BC-GRUMMAN-&lt;GQ>-UNIT-WIN   04-01 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRUMMAN &lt;GQ> UNIT WINS MCDONNELL DOUGLAS ORDER</TITLE>
+<DATELINE>    LONG BEACH, Calif., April 1 - </DATELINE><BODY>McDonnell Douglas Corp &lt;MD>
+said it awarded a contract valued at 28 mln dlrs to a unit of
+Grumman Corp to develop flight control surfaces for the new
+U.S. Air Force C-17 transport.
+    Grumman Aerostructures of Bethpage, N.Y., will design,
+develop and build the rudders, elevators and other parts for
+the transports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="449" NEWID="12221">
+<DATE> 1-APR-1987 14:46:26.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2138&#31;reute
+d f BC-OLD-STONE-&lt;OSTN>-COMP   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLD STONE &lt;OSTN> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    PROVIDENCE, R.I., April 1 - </DATELINE><BODY>Old Stone Corp said it
+completed the previously announced acquisition of First Federal
+Savings Bank of North Carolina, a Shelby, N.C., savings bank,
+for common stock.
+    The final purchase price, expected to be between seven mln
+and 7.5 mln dlrs, will be based on an exchange of common stock
+valued at 1.5 times the book value of First Federal as of the
+March 31 closing date, the company said.
+    At February  28, First Federal had 129 mln dlrs in assets
+and 120 mln dlrs in deposits. Old Stone is a Rhode Island-based
+financial services company with assets of 3.9 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="450" NEWID="12222">
+<DATE> 1-APR-1987 14:46:40.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2139&#31;reute
+d f BC-MOORE-MEDICAL-CORP-&lt;M   04-01 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOORE MEDICAL CORP &lt;MMD> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    NEW BRITAIN, Conn., April 1 - </DATELINE><BODY>Moore Medical Corp said it
+plans to acquire privately-held Penta Products, a wholesale
+distributor of generic durgs, for undisclosed terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="451" NEWID="12223">
+<DATE> 1-APR-1987 14:47:06.82</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f2141&#31;reute
+u f BC-inspiration-cop-price   04-01 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSPIRATION LOWERS COPPER PRICE TO 66.50 CTS/LB</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Inspiration Consolidated Copper Co, a
+subsidiary of Inspiration Resources Corp, said it is lowering
+its base price for full-plate copper cathodes one-half cent to
+66.50 cents a lb, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="452" NEWID="12224">
+<DATE> 1-APR-1987 14:49:02.51</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2151&#31;reute
+r f BC-ARGENTINE-VEGETABLE-O   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE VEGETABLE OIL SHIPMENTS IN 1986</TITLE>
+<DATELINE>    BUENOS AIRES, Apr 1 - </DATELINE><BODY>Argentine vegetable oils shipments
+during January/December 1986 totalled 1,796,121 tonnes, against
+1,577,722 tonnes in the same period of 1985, the Argentine
+Grain Board said.
+    Breakdown was as follows: cotton 9,000 (27,900), sunflower
+954,303 (840,440), linseed 119,954 (138,944), groundnutseed
+26,248 (26,246), soybean 669,094 (524,715), tung 9,047
+(11,363), olive 2,417 (4,125), maize 6,058 (3,989), rape nil
+(nil) , grape nil (nil), the board added.
+    Shipments during December 1986 amounted to 102,870 tonnes,
+against 108,514 tonnes in the same month of 1985.
+    The breakdown, was as follows, in tonnes:
+    Cotton 5,000 (nil), sunflower 25,156 (23,713), linseed
+6,127 (5,990), groundnutseed nil (738), soybean 65,759
+(76,371), tung 645 (730), olive 183 (660), maize nil (312),
+rape nil (nil), grape nil (nil), the board said.    
+    The ten principal destinations during January/December
+1986, with comparative figures for the same period of 1985 in
+brackets, were as follows, in tonnes:
+    Iran 212,043 (209,177), Holland 204,558 (215,784), Soviet
+Union 173,060 (266,389), Egypt 163,119 (164,252), Algeria
+116,330 (11,492), South Africa 105,230 (110,064), Brazil
+101,599 (103,142), Cuba 89,957 (98,740), United States 80,109
+(44,826), India 67,182 (17,403), the board said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="453" NEWID="12225">
+<DATE> 1-APR-1987 14:49:37.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2154&#31;reute
+d f BC-UPLAND-MINERALS-ACQUI   04-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UPLAND MINERALS ACQUIRES BRAZIL MINING FIRM</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Upland Minerals and Chemicals Corp said
+it agreed to acquire Consolidated Brazilian Mines International
+Inc, a public company with one mln acres of diamond and gold
+properties in Brazil.
+    Terms were not disclosed.
+    Consolidated owns 42 mining concessions in three regions of
+eastern and northern Brazil -- Gammara, Santo Antonio and
+Diamazon, the company said.
+    Upland also said the previously announced acquisition of
+Aslaminas Aslambeck Mining Corp, a Minas Gerais, Brazil, mining
+concern, will produce revenues of 9.6 mln dlrs a year for the
+next 25 years.
+    New York-based Upland is traded over-the-counter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="454" NEWID="12226">
+<DATE> 1-APR-1987 14:50:01.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2156&#31;reute
+h f BC-INSPEECH-&lt;INSP>-BUYS   04-01 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSPEECH &lt;INSP> BUYS NORMA BORK, BORK MEDICAL</TITLE>
+<DATELINE>    VALLEY FORGE, Pa., April 1 - </DATELINE><BODY>Inspeech Inc said it acquired
+Norma Bork Associates Inc and Bork Medical Services Inc for
+undisclosed terms.
+    These firms, with combined revenues of about one mln dlrs,
+are providers of speech pathology, physical therapy and
+occupational therapy services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="455" NEWID="12227">
+<DATE> 1-APR-1987 14:50:15.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2157&#31;reute
+s f BC-NOLAND-CO-&lt;NOLD>-SETS   04-01 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOLAND CO &lt;NOLD> SETS QUARTERLY</TITLE>
+<DATELINE>    NEWPORT NEWS, Va., April 1 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay April 24
+    Record April 14
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="456" NEWID="12228">
+<DATE> 1-APR-1987 14:50:38.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2159&#31;reute
+u f BC-PHELPS-DODGE-&lt;PD>-CAL   04-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHELPS DODGE &lt;PD> CALLS PREFERENCE SHARES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Phelps Dodge Corp said it is calling
+for redemption on May One all of its five dlr convertible
+exchangeable preference shares at 53.50 dlrs per share.
+    The company said the shares may be converted into common
+stock through April 30 at 1.818 common shares per preference
+share.  It said holders converting will not receive the 1.25
+dlr per share dividend on the preference shares payable May One
+to holders of record on that date.
+    Phelps Dodge also said it is calling for redemption on the
+same date its privately-held Series A preferred stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="457" NEWID="12229">
+<DATE> 1-APR-1987 14:50:56.99</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2160&#31;reute
+r f BC-BANK-OF-NEW-YORK-&lt;BK>   04-01 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW YORK &lt;BK> RAISES PRIME TO 7-3/4 PCT</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Bank of New York said it raised its
+prime lending rate a quarter point to 7-3/4 pct.
+    It said the move is effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="458" NEWID="12230">
+<DATE> 1-APR-1987 14:51:11.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2161&#31;reute
+d f BC-NORTH-CENTRAL-LABS-&lt;N   04-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH CENTRAL LABS &lt;NCLB> DISCUSSES AIDS TESTS</TITLE>
+<DATELINE>    MINNEAPOLIS, April 1 - </DATELINE><BODY>North Central Laboratories Inc said
+it has had preliminary discussions with MikroMed Inc about
+providing laboratory testing services to screen the presence of
+the AIDS virus.
+    It said MikroMed is developing a kit which it would
+distribute to its customers and which would be used by its
+customers to draw samples of their own blood. These samples
+would be mailed to a laboratory facility for AIDS screening.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="459" NEWID="12231">
+<DATE> 1-APR-1987 14:51:17.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2162&#31;reute
+r f BC-HARTMARX-CORP-&lt;HMX>-1   04-01 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARTMARX CORP &lt;HMX> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    CHICAGO, April 1 -
+    </DATELINE><BODY>Shr 54 cts vs 40 cts
+    Net 11,105,000 vs 8,310,000
+    Sales 282.7 mln vs 290.3 mln
+    Avg shrs 20,599,000 vs 20,760,000
+    NOTE: Per-share results restated for May 1986 three-for-two
+stock split
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="460" NEWID="12232">
+<DATE> 1-APR-1987 14:51:37.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2163&#31;reute
+h f BC-ELXSI-&lt;ELXSF>-WINS-MC   04-01 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELXSI &lt;ELXSF> WINS MCDONNELL DOUGLAS &lt;MD> ORDER</TITLE>
+<DATELINE>    SAN JOSE, Calif., April 1 - </DATELINE><BODY>Elxsi Ltd said it sold three
+computer systems worth four mln dlrs to Douglas Aircraft Co, a
+unit of McDonnell Douglas Corp.
+    The company said the systems will be used in the C-17
+military transport program. One was shipped last month and two
+others will be shipped in June, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="461" NEWID="12233">
+<DATE> 1-APR-1987 14:51:59.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2164&#31;reute
+d f BC-POLL-FINDS-MOST-THINK   04-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLL FINDS MOST THINK HOSTILE TAKEOVERS HARMFUL</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Most Americans feel that hostile
+corporate takeovers do more harm than good, according to a
+public opinion poll by Louis Harris and Assoc Inc.
+    The poll of 1,751 U.S. adults and 682 top business
+executives found that 58 pct believe hostile takeovers do more
+harm than good, while only eight pct say they do more good than
+harm.
+    Among those holding stock, a 60 pct majority find takeovers
+harmful, the poll found. Shareholder benefit is the most
+commonly cited advantage of such takeovers.
+    "People are saying that (those engineering hostile
+takeovers) might talk about getting the stockholders a better
+break, but they are really not interested in that as much as
+they are realizing gains for themselves," concluded the poll,
+conducted for the University of North Carolina's Institute of
+Private Enterprise.
+    The poll said 78 pct believe most takeovers are engineered
+by groups interested only in making a profit for themselves and
+who don't care about the impact on employees or the economy as
+a whole.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="462" NEWID="12234">
+<DATE> 1-APR-1987 14:53:24.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2166&#31;reute
+b f BC-******ATT-TO-SELL-NET   04-01 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ATT TO SELL NETI TECHNOLOGIES SOFTWARE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="463" NEWID="12235">
+<DATE> 1-APR-1987 14:54:01.75</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2167&#31;reute
+d f BC-MANUFACTURERS-NATIONA   04-01 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURERS NATIONAL &lt;MNTL> RAISES PRIME</TITLE>
+<DATELINE>    DETROIT, April 1 - </DATELINE><BODY>Manufacturers National Bank of Detroit
+said it increased its prime rate to 7-3/4 pct from 7-1/2 pct,
+effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="464" NEWID="12236">
+<DATE> 1-APR-1987 14:58:22.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2171&#31;reute
+d f BC-UPLAND-MINERALS-ACQUI   04-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UPLAND MINERALS ACQUIRES BRAZIL MINING FIRM</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Upland Minerals and Chemicals Corp said
+it agreed to acquire Consolidated Brazilian Mines International
+Inc, a public company with one mln acres of diamond and gold
+properties in Brazil.
+    Terms were not disclosed.
+    Consolidated owns 42 mining concessions in three regions of
+eastern and northern Brazil -- Gammara, Santo Antonio and
+Diamazon, the company said.
+    Upland also said the previously announced acquisition of
+Aslaminas Aslambeck Mining Corp, a Minas Gerais, Brazil, mining
+concern, will produce revenues of 9.6 mln dlrs a year for the
+next 25 years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="465" NEWID="12237">
+<DATE> 1-APR-1987 15:02:47.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2181&#31;reute
+u f BC-TOLL-&lt;TOL>-IN-STOCK-S   04-01 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOLL &lt;TOL> IN STOCK SPLIT, PUBLIC OFFERING</TITLE>
+<DATELINE>    HORSHAM, Penn., April 1 - </DATELINE><BODY>Toll Brothers Inc said it
+declared a two-for-one split of its common stock and said it
+filed a registration statement with the Securities and Exchange
+Commission for a proposed public offering of 5,700,000 shares
+of common as adjusted for the split.
+    The record date for the split is April 10, and certificates
+representing the additional shares will be mailed April 20.
+    The company said its stock price will be adjusted to
+reflect the split on April 21.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="466" NEWID="12238">
+<DATE> 1-APR-1987 15:03:13.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2185&#31;reute
+d f BC-QUAKER-OATS-&lt;OAT>-UNI   04-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUAKER OATS &lt;OAT> UNIT TO RETIRE DEBT</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>Quaker Oats Co said its Stokely-Van Camp
+Inc subsidiary will retire on May 15 its 10-1/4 pct Sinking
+Fund Debentures due May 15, 2000.
+    The company said it will retire 2.6 mln dlrs at par through
+operation of the debenture's sinking fund. The remaining
+outstanding balance, currently 11,812,000 dlrs, will be retired
+at a price of 1,041 dlrs a bond.
+    Interest will be payable May 15, record May One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="467" NEWID="12239">
+<DATE> 1-APR-1987 15:03:25.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2187&#31;reute
+w f BC-NATIONAL-ROYALTY-CORP   04-01 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL ROYALTY CORP &lt;NROC> 4TH QTR LOSS</TITLE>
+<DATELINE>    TULSA, Oklahoma, April 1 -
+    </DATELINE><BODY>Shr loss 22 cts vs loss 20 cts
+    Net loss 2,127,334 vs loss 1,629,432
+    Revs 1,306,658 vs 1,091,023
+    Avg shrs 9.7 mln vs 8 mln
+    Year
+    Shr loss 36 cts vs loss 35 cts
+    Net loss 3,519,251 vs loss 2,805,569
+    Revs 5,081,953 vs 4,410,954
+    Avg shrs 9.8 mln vs 8.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="468" NEWID="12240">
+<DATE> 1-APR-1987 15:07:34.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2201&#31;reute
+r f BC-HI-PORT-INDUSTRIES-IN   04-01 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HI-PORT INDUSTRIES INC &lt;HIPT> 4TH QTR NET</TITLE>
+<DATELINE>    HOUSTON, April 1 -
+    </DATELINE><BODY>Oper shr 29 cts vs eight cts
+    Oper net 222,143 vs 76,605
+    Revs 4,872,279 vs 3,276,404
+    12 mths
+    Oper shr 17 cts vs 28 cts
+    Oper net 111,280 vs 301,623
+    Revs 13.9 mln vs 11.1 mln
+    NOTE: 1986 yr figures excludes extraordinary item of
+574,363 dlrs, or 60 cts per share, for termination of its non
+contributory pension plan.
+    1985 yr figures excludes 537,950 dlrs, or 42 cts per share,
+representing insurance proceeds from a fire that occurrred in
+1983.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="469" NEWID="12241">
+<DATE> 1-APR-1987 15:10:10.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2205&#31;reute
+u f BC-FRANCE-FORMALLY-ABOLI   04-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE ABOLISHES SUSPENDED OIL IMPORT RULES</TITLE>
+<DATELINE>    PARIS, April 1 - </DATELINE><BODY>The french government formally abolished
+rules suspended since last September setting limits on the
+import and sale of refined oil products from outside the
+European Community.
+    The rules, introduced in 1979, required importers to buy at
+least 80 pct of their refined products from European refiners,
+while at least 90 pct of refined products sold in France were
+required to come from French or European refiners.
+    The abolition of the rules, together with a number of
+relaxations in administrative procedures, was published in the
+official journal today.
+    French oil industry officials immediately criticised the
+move as encouraging imports at a time when french refiners are
+making heavy losses.
+    Industry figures published in February showed industrywide
+losses of three billion francs last year after taking into
+account extraordinary losses on stock depreciation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="470" NEWID="12242">
+<DATE> 1-APR-1987 15:10:52.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2207&#31;reute
+r f BC-GENENTECH-&lt;GENE>-SAYS   04-01 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENENTECH &lt;GENE> SAYS FDA TO REVIEW TPA</TITLE>
+<DATELINE>    SOUTH SAN FRANCISCO, April 1 - </DATELINE><BODY>Genentech Inc said Activase,
+its tissue plasminogen activator, will be reviewed at the a
+regularly scheduled May 29 meeting of the Food and Drug
+Administration's cardiorenal advisory committee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="471" NEWID="12243">
+<DATE> 1-APR-1987 15:12:02.40</DATE>
+<TOPICS><D>silver</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>comex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2212&#31;reute
+b f BC-/COMEX-RAISES-MARGINS   04-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMEX RAISES MARGINS FOR SILVER FUTURES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>The Commodity Exchange Inc said it is
+increasing the minimum margins for silver futures contracts,
+effective at the opening of business Thursday, April 2.
+    The margins for speculative trading will be increased to
+2,000 dlrs per contract from 1,300 dlrs and trade hedge margins
+will rise to 1,400 dlrs from 900 dlrs, the Comex said.
+    Margins are unchanged for gold, copper, and aluminum
+contracts, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="472" NEWID="12244">
+<DATE> 1-APR-1987 15:14:21.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2221&#31;reute
+d f BC-&lt;SYSTEMS-FOR-HEALTH-C   04-01 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SYSTEMS FOR HEALTH CARE INC> YEAR LOSS</TITLE>
+<DATELINE>    CHICAGO, April 1 -
+    </DATELINE><BODY>Shr loss 33 cts vs nil
+    Net loss 603,430 vs profit 4,295
+    Revs 748,628 vs 5,730
+    NOTE: Per-share results give retroactive effect to
+one-for-50 reverse stock split in March 1987
+    1986 loss includes recurring expenses of 317,062 dlrs
+related to acquisitions and initial advertising campaigns
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="473" NEWID="12245">
+<DATE> 1-APR-1987 15:14:30.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2222&#31;reute
+r f BC-ATT-&lt;T>-TO-SELL-NETI   04-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> TO SELL NETI &lt;NETFC> SOFTWARE</TITLE>
+<DATELINE>    ANN ARBOR, Mich., April 1 - </DATELINE><BODY>Neti Technologies Inc said
+American Telephone and Telegraph Co agreed to sell Neti's
+document transfer software.
+    Neti chairman Lawrence Brilliant said in response to an
+inquiry that the software, called "docuFORUM", transfers
+documents between separate locations over telephone lines. It
+is designed to work with most personal computers, including
+those made by International Business Machines Co &lt;IBM>.
+    Brilliant said there will be a one-time set-up charge of
+1,000 dlrs for the software, which will cost 40 dlrs per hour
+to use. There will be a 250 dlr monthly minimum use charge.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="474" NEWID="12246">
+<DATE> 1-APR-1987 15:15:20.42</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f2224&#31;reute
+r f BC-MELLON-&lt;MEL>,-REPUBLI   04-01 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELLON &lt;MEL>, REPUBLIC &lt;RPT> LIFT PRIME RATES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Mellon Bank NA of Pittsburgh and
+Republic Bank of Dallas have both raised their prime lending
+rates to 7-3/4 pct from 7-1/2, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="475" NEWID="12247">
+<DATE> 1-APR-1987 15:15:38.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2225&#31;reute
+u f BC-MOODY'S-MAY-LOWER-GAF   04-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY LOWER GAF &lt;GAF>, BORG-WARNER &lt;BOR></TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade the debt ratings of GAF Corp because of its 3.1
+billion dlr acquisition offer for Borg-Warner Corp.
+    In a related action, the agency changed to possible
+downgrade from uncertain the direction of its current review of
+Borg-Warner's 1.2 billion dlrs of debt.
+    GAF has 416 mln dlrs of debt outstanding.
+    Moody's said it would study the degree of financial risk
+the acquisition offer represents for GAF. The agency will also
+consider the possibility of future asset sales to reduce
+acquisition-related debt.
+    However, Moody's noted that GAF has demonstrated an ability
+to profit from takeover attempts.
+    GAF currently carries Ba-2 sinking fund debentures and B-1
+senior subordinated notes and debentures.
+    Moody's said its review of Borg-Warner and the unit
+Borg-Warner Acceptance Corp would focus on the effects of the
+proposed acquisition on Borg-Warner's cash flow and debt
+protection measurements.
+    Moody's will also consider the implications of possible
+defensive measures that Borg-Warner may undertake. The parent
+has A-1 senior debt and the unit carries A-2 senior debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="476" NEWID="12248">
+<DATE> 1-APR-1987 15:17:34.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2230&#31;reute
+r f BC-U.S.-HOUSE-PANEL-APPR   04-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PANEL APPROVES AID FOR FSLIC</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The House Banking Committee voted
+45-5 in favor of a bill to raise five billion dlrs over two
+years to assist the Federal Savings and Loan Insurance Corp.
+    The Federal Home Loan Banks would borrow the five billion
+dlrs in financial markets to assist the FSLIC, which government
+auditors have said is approaching  bankruptcy.
+    The committee narrowly rejected a version of the
+legislation that would have permitted 15 billion dlrs in
+borrowing authority over a longer time and was the version
+favored by the administration.
+    The committee, backed by committee chariman Fernand St
+Germain (D-RI) and House Speaker Jim Wright (D-Tex), voted
+25-24 to change the amount of borrowing authority.
+    In addition to the funds raised in capital markets, the
+FSLIC would receive another five billion dlrs in assessments on
+financial institutions belonging the fund.
+    The bill also requires regulators to apply more liberal
+standards when deciding whether to close ailing thrifts in
+depressed regions.
+    The bill now goes to the full house.
+    The Senate has passed a bill providing for a 7.5 billion
+dlr recapitalization for FSLIC.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="477" NEWID="12249">
+<DATE> 1-APR-1987 15:19:43.53</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2241&#31;reute
+u f BC-gulf-grain-barge-frgt   04-01 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF BARGE FREIGHT HIGHER IN NEARBYS ON CALL</TITLE>
+<DATELINE>    ST LOUIS, April 1 - </DATELINE><BODY>Gulf barge freight rates continued to
+show a firmer tone in the nearbys on the assumption that
+changes in the Gulf posted prices will encourage increases in
+both PIK-and-roll activity and barges shipments, with a total
+of 21 barges traded this morning on the ST Louis Merchants'
+Exchange call session, versus nine yesterday, dealers said.
+    Quotes included -
+ - This week Mississippi River (Granite City, MLA if P/O)
+traded at 175 pct of tariff, five percentage points above
+yesterday's bid.
+ - Next week Mississippi (Alton/Granite City, MLA if P/O) bid
+five points higher at 175 pct, offered at 190.
+ - Five barges each week April MidMississippi River
+(Dubuque/south) traded at yesterday's bid of 170 pct.
+ - April Illinois River (ex Chicago) 160 pct bid, offered 10
+points higher at 170.
+ - May same section 140 pct bid, offered five lower at 145.
+ - May MidMississippi River (Dubuque/south) bid 2-1/2 points
+higher at 142-1/2 pct, offered at 145.
+ - June/July lower Mississippi River (Memphis/Cairo) offered at
+120 pct, no bids.
+ - June/Aug upper Mississippi River (Lacrosse/Savage) offered
+at 150 pct, no bids.
+ - Oct/Nov MidMississippi (Dubuque/south, L/H Nov
+Clinton/south) 170 pct bid/177-1/2 offered - no comparison.
+ - December Illinois River (ex Chicago) 122-1/2 pct bid/127-1/2
+offered - down 2-1/2 points on offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="478" NEWID="12250">
+<DATE> 1-APR-1987 15:20:40.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2244&#31;reute
+u f BC-&lt;CRIME-CONTROL>-ASSET   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CRIME CONTROL> ASSETS TO BE SOLD TO HAWLEY</TITLE>
+<DATELINE>    INDIANAPOLIS, April 1 - </DATELINE><BODY>Crime Control Inc said it reached a
+definitive agreement under which a subsidiary of Hawley Group
+Ltd will buy assets and assume certain liabilities of Crime
+Control for 51.3 mln dlrs.
+    Of this amount, it said about 47 mln dlrs would be
+available for distribution to the company's banks, debenture
+holders and shareholders. The balance would be used to pay
+various state taxes and other expenses relating to the
+transaction, and to establish reserves to provide for certain
+unassumed obligations of the company.
+    Crime Control said it would use proceeds to pay its bank
+lenders approximately 28.6 mln dlrs, representing about 87 pct
+of the principal amount of all its indebtedness to bank
+lenders.
+    It also said it would propose to acquire all of its 20 mln
+dlrs worth of outstanding 10 pct convertible subordinated
+debentures for an aggregate of approximately 15.4 mln dlrs and
+propose liquidation of the company with shareholders receiving
+an estimated 54 cts a share.
+    As reported earlier, Crime Control is in default on
+approximately 33 mln dlrs of bank debt and in default under the
+indenture governing its convertible subordinated debentures.
+    On January 19, 1987, Crime Control, which installs,
+services and monitors electronic surveillance systems, said it
+retained Rothschild Inc to arrange for the sale of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="479" NEWID="12251">
+<DATE> 1-APR-1987 15:22:41.62</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2248&#31;reute
+f f BC-ROYAL/BANK-CANADA-UPS   04-01 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROYAL/BANK CANADA UPS U.S. BASE RATE 1/4 PCT TO 8-1/4 PCT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="480" NEWID="12252">
+<DATE> 1-APR-1987 15:27:40.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2259&#31;reute
+u f BC-U.S.-HOUSE-BUDGET-GRO   04-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE BUDGET GROUP NEARS BUDGET AGREEMENT</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Democratic-controlled House
+Budget Committee neared approval, over Republican objections,
+of a trillion dlr budget plan for 1988.
+    Committee Chairman William Gray said he wanted approval
+later today of the Democratic-written document, which would
+produce a deficit of about 133 billion dlrs using Congressional
+Budget Office estimates.
+    However, Gray said using President Reagan's economic
+assumptions, the plan would show a deficit of 108 billion dlrs
+to meet the Gramm-Rudman budget law target. Republicans
+protested they had not seen the plan until today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="481" NEWID="12253">
+<DATE> 1-APR-1987 15:28:35.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2262&#31;reute
+f f BC-******GM-MARCH-U.S.-C   04-01 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM MARCH U.S. CAR OUTPUT 395,294, UP FROM 366,671
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="482" NEWID="12254">
+<DATE> 1-APR-1987 15:30:19.76</DATE>
+<TOPICS><D>oilseed</D><D>cotton</D><D>wheat</D><D>grain</D><D>sunseed</D><D>linseed</D><D>rapeseed</D><D>soybean</D><D>groundnut</D></TOPICS>
+<PLACES><D>argentina</D><D>netherlands</D><D>belgium</D><D>italy</D><D>czechoslovakia</D><D>cuba</D><D>iran</D><D>west-germany</D><D>bulgaria</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2269&#31;reute
+r f BC-ARGENTINE-SUBPRODUCTS   04-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE SUBPRODUCTS SHIPMENTS IN 1986</TITLE>
+<DATELINE>    BUENOS AIRES, Apr 1 - </DATELINE><BODY>Argentine subproducts shipments
+during January/December 1986 totalled 5,618,315 tonnes, against
+4,815,188 tonnes in the same period of 1985, the Argentine
+Grain Board said.
+    Breakdown was as follows: cotton 26,992 (41,933), sunflower
+1,403,230 (1,190,862), linseed 261,600 (309,191), groundnutseed
+23,595 (22,809), soybean 3,275,225 (2,415,492), bran/pollards
+wheat 606,352 (659,271), fiber cotton 3,256 (107,752), wheat
+flour 18,065 (67,878), rape nil (nil), the board added.
+    Shipments during December 1986 amounted to 418,755 tonnes,
+against 257,844 tonnes in the same month of 1985.
+    The breakdown, was as follows, in tonnes:
+    Cotton 3,002 (6,234), sunflower 86,612 (38,347), linseed
+23,954 (38,290), groundnutseed nil (nil), soybean 264,650
+(104,571), bran/polards wheat 37,724 (49,946), fiber cotton 987
+(2,121), wheat flour 1,826 (18,335), rapeseed nil (nil), the
+board said.
+    The ten principal destinations during January/December
+1986, with comparative figures for the same period of 1985 in
+brackets, were as follows, in tonnes:
+    Holland 2,444,260 (2,234,049), Belgium 546,423 (595,635),
+Italy 430,029 (338,766), Czechoslovakia 365,897 (236,836), Cuba
+253,067 (222,842), Iran 250,646 (192,430), West Germany
+232,049) (158,491), Bulgaria 207,030 (300,488), Spain and
+Canary Islands 176,287 (113,751), Corea 163,304 (37,416), the
+board added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="483" NEWID="12255">
+<DATE> 1-APR-1987 15:31:03.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2272&#31;reute
+r f BC-LE-PEEP-RESTAURANTS-I   04-01 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LE PEEP RESTAURANTS INC &lt;LPEP> 4TH QTR LOSS</TITLE>
+<DATELINE>    DENVER, April 1 - 
+    </DATELINE><BODY>Shr loss 27 cts vs loss 81 cts
+    Net loss 998,764 vs loss 1,491,590
+    Revs 2,712,614 vs 1,237,850
+    Avg shrs 3,727,063 vs 1,838,294
+    Year
+    Shr loss 1.79 dlr vs loss 2.11 dlrs
+    Net loss 4,559,004 vs loss 3,882,235
+    Revs 8,510,004 vs 3,720,640
+    Avg shrs 2,544,271 vs 1,838,294
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="484" NEWID="12256">
+<DATE> 1-APR-1987 15:33:46.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2280&#31;reute
+r f BC-REYNOLDS-METALS-&lt;RLM>   04-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REYNOLDS METALS &lt;RLM> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Reynolds Metals Co is raising 200 mln
+dlrs through an offering of convertible subordinated debentures
+due 2012 with a six pct coupon and par pricing, said sole
+manager Goldman, Sachs and Co.
+    The debentures are convertible into the company's common
+stock at 76.50 dlrs per share, representing a premium of 21.91
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the issue is rated Ba-3 by
+Moody's Investors and B-minus by Standard and Poor's.
+    Proceeds will be used to refinance certain long-term debt,
+Reynolds Metals said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="485" NEWID="12257">
+<DATE> 1-APR-1987 15:34:16.89</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;LQ
+&#22;&#22;&#1;f2283&#31;reute
+r f BC-poultry-sltr   04-01 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESTIMATED U.S. POULTRY SLAUGHTER</TITLE>
+<DATELINE>    KANSAS CITY, April 1  - </DATELINE><BODY>The United States department of
+agriculture estimated live poultry slaughter for the week
+ending April 1  as follows, in thousands -
+            Current      Previous
+ Class      week         week
+ Bro/Fry      92,552      95,563 
+ Lt Fowl       2,840       3,354 
+ Hvy Fowl        651         789 
+ Check Total  96,043      99,706 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="486" NEWID="12258">
+<DATE> 1-APR-1987 15:35:56.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2289&#31;reute
+r f BC-TOWLE-MANUFACTURING-C   04-01 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOWLE MANUFACTURING CO &lt;QTOW> 4TH QTR OPER LOSS</TITLE>
+<DATELINE>    BOSTON, April 1 -
+    </DATELINE><BODY>Oper shr loss 1.10 dlrs vs loss 8.63 dlrs
+    Oper net loss 5.1 mln vs loss 42.1 mln
+    Revs 23.1 mln vs 63.3 mln
+    Year
+    Oper shr loss 4.71 dlrs vs loss 14.09 dlrs
+    Oper net loss 22.0 mln vs loss 67.2 mln
+    Revs 114.6 mln vs 221.8 mln
+    Avg shrs 4,910,330 vs 4,851,650
+    NOTE: Current year excludes gain of 12.1 mln dlrs from
+disposal of discontinued operations.
+    Shr figures after preferred dividend requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="487" NEWID="12259">
+<DATE> 1-APR-1987 15:37:26.11</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2293&#31;reute
+u f BC-122   04-01 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL BANK/CANADA UPS U.S. BASE RATE</TITLE>
+<DATELINE>    MONTREAL, April 1 - </DATELINE><BODY>&lt;Royal Bank of Canada> said it is
+raising its U.S. base lending rate by 1/4 pct to 8-1/4 pct,
+effective tomorrow.
+    The move is the first change in the bank's U.S. dollar base
+lending rate since last August, when it lowered the rate 1/2
+point.
+    It follows the announcement yesterday of a 1/4 point rise
+to 7-3/4 pct of two of the largest U.S. banks' prime rates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="488" NEWID="12260">
+<DATE> 1-APR-1987 15:39:06.36</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2297&#31;reute
+r f BC-HARRIS-BANK-INCREASES   04-01 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARRIS BANK INCREASES ITS PRIME RATE</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>&lt;The Harris Trust and Savings Bank> said
+it has increased its prime rate to 7-3/4 from 7-1/2 effective
+immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="489" NEWID="12261">
+<DATE> 1-APR-1987 15:39:24.80</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2298&#31;reute
+u f BC-/ANALYSTS-SAY-USSR-MA   04-01 0146</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSTS SAY USSR MAY PREFER NEW CROP U.S. WHEAT</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Soviet Union would likely be more
+interested in purchasing new crop wheat than in booking any
+grain for immediate shipment if offered a subsidy on U.S.
+wheat, an executive with a major grain export company said.
+    Lower prices and the desire to delay any big purchases
+until the condition of winter and spring crops is better known
+make new crop wheat more attractive, said George Hoffman,
+director of commodity analysis for The Pillsbury Company.
+    "Pillsbury is assuming that they (Soviets) will be offered
+a subsidy and that it will be a subsidy that they can respond
+to," Hoffman told Reuters in an interview at an agribusiness
+education conference here. But if there are too many
+constraints placed on a subsidy offer, the USSR will take less
+than an anticipated four mln tonnes, he said.
+    Hoffman said Pillsbury's internal statistics put Soviet
+Union wheat purchases at only two mln tonnes under a subsidy
+offer. However, if a subsidy is offered at competitive levels,
+Moscow would likely buy more, he said.
+    "If we give the Soviets the same deal as the Chinese, I
+expect they'll take it," said Vernon McMinimy, director of
+commodity research for A.E. Staley Manufacturing Co.
+    McMinimy told Reuters spring weather and its impact on
+crops will determine how much wheat Moscow would buy under a
+subsidy offer.
+    Soviet winter crops did not get off to a good start because
+of a dry autumn last year, and because of the severe winter
+"they probably have had more damage due to winter weather than
+normal," McMinimy said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="490" NEWID="12262">
+<DATE> 1-APR-1987 15:39:45.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2300&#31;reute
+r f BC-BRANIFF-&lt;BAIR>-MARCH   04-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRANIFF &lt;BAIR> MARCH LOAD FACTOR OFF</TITLE>
+<DATELINE>    DALLAS, April 1 - </DATELINE><BODY>Braniff Inc said March load factor fell
+to 59.1 pct from 65.5 pct in March 1986.
+    Revenue passenger miles rose 16.5 pct in March to 274.3 mln
+from 235.3 mln and 33.8 pct year-to-date to 710.3 mln from
+530.7 mln.
+    Available seat miles rose 29.1 pct in March to 464.2 mln
+from 359.5 mln and 36.8 pct in the three months to 1.33 billion
+from 970.9 mln.
+    Year-to-date load factor fell to 53.5 pct from 54.7 pct,
+the carrier said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="491" NEWID="12263">
+<DATE> 1-APR-1987 15:40:10.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2301&#31;reute
+f f BC-******U.S.-HOUSE-BUDG   04-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. HOUSE BUDGET COMMITTEE APPROVES TRILLION DLR BUDGET
+PLAN FOR 1988
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="492" NEWID="12264">
+<DATE> 1-APR-1987 15:40:18.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2302&#31;reute
+u f BC-NYSE-SAYS-LORAL-&lt;LOR>   04-01 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE SAYS LORAL &lt;LOR> WILL NOT COMMENT ON STOCK</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>The New York Stock Exchange said  Loral
+Corp told the exchange its policy is not to comment on unusual
+market activity in its stock.
+    The exchange said it contacted the company and requested
+that Loral issue a public statement indicating whether any
+corporate developments would explain the unusual activity in
+its stock.
+    The stock was trading at 47-1/2, up 2-1/2 points.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="493" NEWID="12265">
+<DATE> 1-APR-1987 15:40:30.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2303&#31;reute
+b f BC-/GM-&lt;GM>-MARCH-U.S.-C   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> MARCH U.S. CAR OUTPUT RISES</TITLE>
+<DATELINE>    DETROIT, April 1 - </DATELINE><BODY>General Motors Corp said it produced
+395,294 cars in the U.S. in March, up from 366,671 in March
+1986.
+    The automaker said it made 144,959 trucks last month, an
+increase from 131,640 produced in the same month last year.
+    Year-to-date U.S. car output through the end of March was
+1,064,141 vehicles, down from last year's 1,205,768.
+Year-to-date truck production was 395,967, down from 410,821.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="494" NEWID="12266">
+<DATE> 1-APR-1987 15:41:20.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2306&#31;reute
+r f BC-STRAWBRIDGE-AND-CLOTH   04-01 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRAWBRIDGE AND CLOTHIER &lt;STRW> 4TH QTR NET</TITLE>
+<DATELINE>    PHILADELPHIA, April 1 -
+    </DATELINE><BODY>Shr 2.02 dlrs vs 1.94 dlrs
+    Net 14.7 mln vs 13.9 mln
+    Revs 265.6 mln vs 235.1 mln
+    Year
+    Shr 2.83 dlrs vs 3.36 dlrs
+    Net 20.7 mln vs 24.1 mln
+    Revs 739.1 mln vs 686.9 mln
+    NOTE: Current year includes loss equal to 12 cts/shr from
+takeover defense and loss of 13 cts from loss of investment tax
+credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="495" NEWID="12267">
+<DATE> 1-APR-1987 15:42:10.05</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2310&#31;reute
+f f BC-******MOBIL-RAISES-WE   04-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOBIL RAISES WEST COAST CRUDE PRICES BETWEEN ONE DLR AND
+1.75 DLRS/BBL TODAY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="496" NEWID="12268">
+<DATE> 1-APR-1987 15:43:06.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2313&#31;reute
+r f BC-DOE-SEEKS-SUPERCOLLID   04-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOE SEEKS SUPERCOLLIDER SITE PROPOSALS</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Energy Department issued an
+invitation for site proposals from states or others for its 4.4
+billion dlr Super Conducting Supercollider atom smasher.
+    Department officials said there is expected to be tough
+competition for the planned facility, which is being considered
+a major scientific plum for the winning community.
+    The department said proposals must be in by August three,
+under guidelines published in the Federal Register, including
+the provision of 16,000 acres of land without charge.
+    Among the states already waging campaigns are California,
+Colorado, Illinois, Ohio, Texas, Utah and Washington.
+    A "preferred" site will be selected by July 1988 and the
+final site decision made in January 1989.
+    Congress has not yet appropriated money for the project,
+but if it accepts President Reagan's plan, construction would
+begin later in 1989 at a spending rate of about 600 mln dlrs a
+year.
+    The project is expected to be completed in seven years.
+    Department officials said the Supercollider would help man
+understand the fundamental nature of matter and energy.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="497" NEWID="12269">
+<DATE> 1-APR-1987 15:47:54.41</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2326&#31;reute
+u f BC-EGYPT-AUTHORIZED-TO-B   04-01 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT AUTHORIZED TO BUY PL 480 WHEAT FLOUR-USDA</TITLE>
+<DATELINE>    WASHINGON, April 1 - </DATELINE><BODY>Egypt has been authorized to purchase
+about 125,000 tonnes of U.S. wheat flour under an existing PL
+480 agreement, the U.S. Agriculture Department said.
+    It may buy the wheat flour, valued at 23.0 mln dlrs between
+April 8 and August 31, 1987 and ship it by September 30, the
+department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="498" NEWID="12270">
+<DATE> 1-APR-1987 15:50:22.43</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>south-korea</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2334&#31;reute
+r f BC-For-reuters-london,-r   04-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TUGS TO ATTEMPT REFLOATING KOREAN BULK CARRIER</TITLE>
+<DATELINE>    LONDON, April 1 - </DATELINE><BODY>Seven tugs will attempt to refloat the
+South Korean motor bulk carrier Hyundai New World tonight,
+Lloyds shipping intelligence service said in its latest update.
+    The vessel grounded close to Itaqui port in Brazil last
+night after undocking from Ponta da Madeira terminal.
+    Lloyds said the 200,000 dwt vessel is carrying about
+180,000 tons of ore.
+    Five holds are partially flooded and there is some leakage
+of bunkers from double bottom tanks. At low water tide the
+vessel has a list of five degrees to port and the list
+increases as the tide rises.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="499" NEWID="12271">
+<DATE> 1-APR-1987 15:51:12.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2338&#31;reute
+d f BC-ROBERT-BRUCE-INDUSTRI   04-01 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROBERT BRUCE INDUSTRIES INC &lt;BRUCA> YEAR LOSS</TITLE>
+<DATELINE>    NEW YORK, April 1 -
+    </DATELINE><BODY>Shr loss 3.31 dlrs vs profit 94 cts
+    Net loss 6,073,000 vs profit 1,823,000
+    Revs 58.9 mln vs 69.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="500" NEWID="12272">
+<DATE> 1-APR-1987 15:51:43.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2339&#31;reute
+r f BC-HYDRO-QUEBEC-HEARINGS   04-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYDRO-QUEBEC HEARINGS TO REOPEN IN OTTAWA</TITLE>
+<DATELINE>    Montreal, April 1 - </DATELINE><BODY>The National Energy Board said hearings
+into Hydro-Quebec's request to sell power to the United States
+will reopen in Ottawa April nine.
+    The board heard nine days of testimony in Montreal after it
+opened the hearings March 16.
+    Hydro-Quebec is seeking an export license to sell 70
+terawatt hours of electricity to the New England Power Pool, a
+group of about 90 utilities, from the year 1990 to 2000. The
+contract is valued at three billion Canadian dlrs. A terawatt
+hour is the power consumed by a city of 100,000 people in one
+year, or 70 billion kilowatt hours.
+    The hearings are scheduled to last two days in Ottawa.
+    After that, the board will begin its deliberations, which
+could take as long as two months before a decision is reached.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="501" NEWID="12273">
+<DATE> 1-APR-1987 15:52:24.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2341&#31;reute
+b f BC-/HOUSE-BUDGET-COMMITT   04-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE BUDGET COMMITTEE APPROVES U.S. BUDGET PLAN</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Democratic-controlled House
+Budget Committee, over Republican protests, approved and sent
+to the House a trillion dlr spending budget for 1988 that would
+cut the anticipated federal deficit by about 38 billion dlrs.
+    The Democratic-written budget would produce about a 133
+billion dlr deficit using the nonpartisan Congressional Budget
+Office economic assumptions.
+    Using President Reagan's more optimistic assumptions the
+deficit would be about 108 billion dlrs -- which would reach a
+new budget law's goal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="502" NEWID="12274">
+<DATE> 1-APR-1987 15:54:21.89</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2343&#31;reute
+d f BC-TCF-BANKING-AND-SAVIN   04-01 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TCF BANKING AND SAVINGS HIKES PRIME RATE</TITLE>
+<DATELINE>    MINNEAPOLIS, April 1 - </DATELINE><BODY>TCF Banking and Savings FA said it
+is raising its prime rate to 7-3/4 pct from 7-1/2 pct effective
+today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="503" NEWID="12275">
+<DATE> 1-APR-1987 15:54:40.77</DATE>
+<TOPICS><D>groundnut</D><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2344&#31;reute
+r f BC-CCC-SELLS-FARMERS-STO   04-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC SELLS FARMERS STOCK PEANUTS, OFFERS MORE</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The U.S. Commodity Credit Corporation
+(CCC) sold 6,034 short tons of 1986-crop farmers stock peanuts
+for domestic crushing, the U.S. Agriculture Department said.
+    The peanuts were from the Southwest area and were sold at
+between 8.05 cts per lb (total kernel content), and 11.7225 cts
+per lb, the department said.
+    The CCC will offering additional 1986-peanuts for sale at a
+later date, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="504" NEWID="12276">
+<DATE> 1-APR-1987 15:55:49.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2345&#31;reute
+u f BC-CAMPEAU-AND-EDWARD-DE   04-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMPEAU AND EDWARD DEBARTOLO COMPLETE PURCHASE</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>&lt;Campeau Corp> and the &lt;Edward J.
+DeBartolo Corp> have closed on their previously-announced 
+purchase of five of the regional shopping centers of Allied
+Stores Corp.
+    Campeau said it and the DeBartolo Association will each
+hold a 50 pct ownership interest in the shopping centers.
+    Campeau separately announced that, as required by a bank
+agreement, it has contributed an additional 50 mln dlrs of
+capital to Allied.
+    Campeau acquired Allied Stores Corp earlier this year, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="505" NEWID="12277">
+<DATE> 1-APR-1987 15:57:47.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2347&#31;reute
+u f BC-DIAMOND-SHAMROCK-&lt;DIA   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND SHAMROCK &lt;DIA> TO RAISE SHARE VALUES</TITLE>
+<AUTHOR>    by TED D'AFFLISIO, REUTERS</AUTHOR>
+<DATELINE>    NEW YORK, APRIL 1 - </DATELINE><BODY>Diamond Shamrock executives said that
+to reduce the vulnerability to takeover pressures, they want to
+raise the value of the two companies to be formed by splitting
+Diamond Shamrock.
+    "If we can get the price up to the value of the company, we
+will not be vulnerable to takeover pressure," said Charles
+Blackburn, Diamond Shamrock's president and soon to be chief
+executive officer of the new exploration and producing company
+whose name has not yet been decided. He was visiting New York
+for talks with investors.
+    After successfully countering a takeover bid launched by T.
+Boone pickens in January, Diamond Shamrock said it would
+spinoff its refining and marketing operation into Diamond
+Shamrock Refining and Marketing Co before its April 30 annual
+meeting.
+    Blackburn told Reuters, "Our advisors told us that a split
+would give a better share value to investors and that the
+market would give better multiples for pure refining and
+marketing and exploration and production plays."
+    The two companies are now in the process of organizing
+themselves to become "pure plays," the executives said.
+    Blackburn said the new company would be a pure exploration
+and production operation and that he was looking to divest
+non-oil and gas operations, particularly Diamond Shamrock's
+coal operations.
+    Blackburn said that "we are in talks about coal operations
+but I cannot discuss this further at this time."
+    He said the company would have a debt-to-capital ratio of
+about 38 pct, which could be paid down over time.
+    Blackburn said the company would seek to generate further
+internal savings from rationalizing operations and personnel
+reductions. He has set a goal of 73 mln dlrs in internal
+savings and "we need to get at least 20 mln dlrs of that savings
+in 1987," Blackburn said.
+    "I would rather describe this as savings coming from
+eliminating non-essential activities as we purify the
+exploration and production business."
+    "There are some people associated with those activities but
+it is more a matter of cutting and trimming rather than
+wholesale changes," Blackburn said.
+    Blackburn intends to run a tight ship in which dividends
+will not initially be paid and the resultant savings invested
+into exploration and production.
+    "Our goal is to find 20 mln barrels a year in the U.S. to
+replace our production and I think that we can do this at the
+level we intend to spend," Blackburn said.
+    "It might be more difficult to find more oil and more oil
+internationally at these levels," he added.
+    Blackburn said that his new company would spend 75 mln dlrs
+in North America and 90 mln dlrs overseas, mainly Indonesia, in
+the search for oil and gas reserves.
+    In 1986 Diamond Shamrock produced 82,473 mln barrels a day
+of oil with 83 pct of that from Indonesia, while gas output was
+265.6 mln cubic feet a day of which 98 pct was in the U.S.
+    Blackburn said that he believed he could find oil to
+replace this production at low costs which were 4.97 dlrs a
+barrel worldwide and 3.88 dlrs a barrel in the U.S..
+    Blackburn also said that the company would be willing to
+buy reserves, "if we can find the right producing properties at
+the right price".
+    Blackburn estimated that oil prices will average about 18
+dlrs a barrel this year with average prices received for
+natural gas at 1.57 dlrs per thousand cubic feet.
+    Blackburn said he currently estimates that at thee prices
+for its products the company will have a cash flow of about 280
+mln dlrs.
+    "This will mean a net negative cash flow as we pretty much
+spend our cash flow to find more oil and gas."
+    Blackburn said the company will search for both oil and gas
+"almost exclusively in estasblished basins".
+    Roger Hemminghaus, who will be chairman of the new Diamond
+Shamrock Refining and Marketing Co, which last year had sales
+of approximately 1.6 billion dlrs, told Reuters his company was
+taking on some debt.
+    "We are taking on some 400 mln dlrs new debt with three tier
+financing emphasizing a revolving loan, some term loans and
+some unsecured private placement and are now in the latter
+stages of signing an agreement."
+    Chemical New York Corp &lt;CHL> is the company's lead banker
+on the loan, Hemminghaus said.
+    That debt will set the company off at a 60 pct debt-to-
+capital-ratio, which Hemminghaus said "is too much. To
+alleviate that we will hold our capital expenditures down and
+pay down debt so that at the end of two years that ratio will
+be reduced to mid 40 pct range."
+    Hemminghhaus said that cash flow will be "plus or minus
+about 100 mln dlrs a year from earnings and depreciation."
+    In terms of major projects, Hemminghaus said that capital
+expenditures will be 35 mln dlrs to 50 mln dlrs spread over all
+of the company's projects.
+    Its major project will be a two year upgrading project on
+its McKee reinery in the Panhandle at 90,000 bpd rated
+capacity.
+    The company also has a refinery south of San Antonio where
+it will be headquartered with a capacity of 35,000 bpd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="506" NEWID="12278">
+<DATE> 1-APR-1987 15:58:54.98</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2351&#31;reute
+u f BC-CCC-INTEREST-RATE-FOR   04-01 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC INTEREST RATE FOR APRIL IS SIX PCT -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) interest rate on loans disbursed in April will carry a
+six pct ionterest rate, the U.S. Agriculture Department said.
+    The April rate is up from March's 5-7/8 pct and reflects
+the interest rate charged CCC by the U.S. Treasury, the
+department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="507" NEWID="12279">
+<DATE> 1-APR-1987 16:00:19.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2355&#31;reute
+r f BC-dome-talking-point   04-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/DOME PETROLEUM &lt;DMP></TITLE>
+<AUTHOR>    By LARRY WELSH, Reuters</AUTHOR>
+<DATELINE>    TORONTO, April 1 - </DATELINE><BODY>Dome Petroleum Ltd's loss of 2.20
+billion dlrs, believed to be the biggest ever by a Canadian
+company, will have little impact on daily operations but will
+pressure creditors to accept a proposal to restructure Dome's
+debt of more than 6.10 billion dlrs, industry analysts said.
+    "Essentially what it (Dome's loss) does is put more focus on
+the importance of the restructuring and puts more pressure on
+creditors to agree to the debt rescheduling," said an oil
+analyst who asked that he not be identified.
+    Dome reported earnings yesterday.
+    Analysts said the huge loss improves the appeal of a debt
+accord by underlining company statements that creditors would
+receive little or nothing under a forced liquidation that could
+take several years to complete.
+    After several months of negotiations with a group of 56
+major creditors and other unsecured public debt holders, Dome
+submitted a complex proposal earlier this month that includes
+converting debt to equity and extending repayment time.
+    "They've had their talks and now they have the proposal, so
+the banks have to decide whether to accept the restructuring or
+pull the plug," the analyst said.
+    He and others said the huge loss, including writedowns
+totalling 2.08 billion dlrs before a 571 mln dlr reduction in
+deferred income taxes, dramatically enforces the company's
+claim that a 50 pct drop in world oil prices has crippled its
+financial position.
+    But analysts said the writedown only impacts Dome's balance
+sheet and does not hurt the company's cash position.
+    "To a large extent, these writeoffs of the carrying value of
+assets is really just the bookkeepers catching up to what the
+stock market has been telling us for a long time, reflecting
+the collapse in oil prices," Peters and Co Ltd analyst Wilf
+Gobert said.
+    Dome reported it took a 1.20 billion charge in the fourth
+quarter, before a 305 mln dlr reduction in deferred income
+taxes, for the decline in value of Dome's oil and gas
+properties.
+    The extraordinary loss conformed with new Canadian
+Institute of Chartered Accountants guidelines that require Dome
+to use average 1986 oil prices to value its holdings, instead
+of an escalating price method used in prior years.
+    Analysts said six individual Swiss noteholders, who
+initiated legal action against Dome to recover debt of 408,500
+dlrs, will also be pressed to adopt a more lenient stand by the
+1986 results.
+    "To the extent that individuals were not fully accepting or
+cognizant of the seriousness of Dome's financial position, the
+financial statements reflecting this writedown of the value of
+assets is certainly going to indicate the depth of the
+hemorrhaging that has taken place," Gobert said.
+    The legal action now before Swiss courts threatens to
+trigger cross-defaults on all of Dome's debt, toppling the
+delicate debt negotiations. Dome is next scheduled to appear
+April six to defend against the action.
+    First Marathon Securities Ltd analyst Rick Hallisey said
+the size of the loss was slightly larger than industry
+estimates of Dome's negative net worth, ranging between 1.50
+billion and two billion dlrs.
+    "What this writedown says is that a lot of the money that
+was spent in the past is unrecoverable, but the shareholders
+have already recognized that through the writedown in the stock
+price," Gobert said, adding, "The financial statements have come
+out and said that what has happened in the past has been a
+disaster for Dome," Gobert added.
+    The price of Dome common shares fell five cts to 1.05 dlrs
+in trading on the Toronto Stock Exchange today. At the height
+of Dome's success in 1981, common traded at about 25 dlrs a
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="508" NEWID="12280">
+<DATE> 1-APR-1987 16:00:46.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2356&#31;reute
+f f BC-******BANKAMERICA-COR   04-01 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANKAMERICA CORP SAYS IT PLACES 1.9 BILLION DLRS OF
+BRAZILIAN LOANS ON NONACCRUAL STATUS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="509" NEWID="12281">
+<DATE> 1-APR-1987 16:01:09.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2357&#31;reute
+u f BC-STANDARD-OIL-&lt;SRD>-CO   04-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD OIL &lt;SRD> COMMITTEE TRIED TO DELAY BID</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>A committee of independent directors of
+the Standard Oil Co unsuccessfully sought a delay in a tender
+offer for Standard shares by British Petroleum Co plc,
+according to offering documents.
+    BP's offering document for its 70 dlr per share offer
+describes discussions with Douglas Danforth, who chairs a
+special committee of independent directors responsible for
+monitoring relations with BP. BP has been owner of a 55 pct
+stake in Standard for several years.
+    According to the document, the committee's counsel said it
+needed one to two months to evaluate the offering price.
+    Danforth, who is chairman of the Westinghouse Electric Co
+&lt;WX>, first learned of BP's interest in acquiring the rest of
+Standard in a telephone call March five from Sir Peter Walters,
+chairman of BP.
+    At a meeting march nine, Danforth informed BP that the
+special committee had hired First Boston Corp &lt;FBC> as its
+financial adviser and also retained independent counsel.
+    Danforth's concerns that the special committee did not have
+sufficient time were expressed to Walters in a telephone
+conversation and reiterated in a letter from counsel on Monday
+of this week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="510" NEWID="12282">
+<DATE> 1-APR-1987 16:01:18.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2358&#31;reute
+r f BC-AMERICAN-QUASAR-COMPL   04-01 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN QUASAR COMPLETES REORGANIZATION PLAN</TITLE>
+<DATELINE>    FORT WORTH, Texas, April 1 - </DATELINE><BODY>&lt;American Quasar Petroleum Co>
+said it completed its previously-announced plan of
+reorganization.
+    The company said it accepted subordinated notes and
+debentures in the aggregate principal amount of 95.2 mln dlrs,
+which were tendered in exchange for 589.7 mln shares of
+American Quasar common stock and Class A warrants to acquire
+234.0 mln additional shares of American Quasar common stock for
+five cts per share.
+    The principal amount of the subordinated debt remaining
+outstanding is 4,644,080 dlrs, most of which is now held
+subject to indentures which were amended in certain respects in
+connection with the exchange offers, the company said.
+    Outstanding bank debt of 11.7 mln dlrs, plus an additional
+300,000 dlrs in borrowings for working capital, has been
+financed with RepublicBank in Dallas.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="511" NEWID="12283">
+<DATE> 1-APR-1987 16:02:48.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2364&#31;reute
+f f BC-******BANKAMERICA   04-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANKAMERICA SAYS 1ST QTR NET TO BE CUT BY 40 MLN DLRS DUE
+TO BRAZILIAN LOANS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="512" NEWID="12284">
+<DATE> 1-APR-1987 16:04:01.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2372&#31;reute
+r f BC-TOWLE-&lt;TOW>-SAYS-COMM   04-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOWLE &lt;TOW> SAYS COMMON MAY BE CANCELLED</TITLE>
+<DATELINE>    BOSTON, Mass., April 1 - </DATELINE><BODY>Towle Manufacturing Co, operating
+under Chapter 11, said that based on a reorganization plan it
+is likely that its outstanding common and preferred will be
+substantially diluted or cancelled.
+    Towle also said that it is likely that general unsecured
+claims, including claims of subordinated debenture holders,
+will be paid at less than 100 pct of their face value and
+without interest.
+    Towle has not yet submitted a reorganization plan under
+Chapter 11. It based its predictions on its liabilities and on
+the resources which would be available under such a plan.
+    Company officials were not immediately available to comment
+on the company's reorganization plan.
+    Towle also said that as a result of its restructuring, its
+sales for 1987 will not exceed 100 mln dlrs.
+    Earlier it reported a loss from operations of 22 mln dlrs
+or 4.71 dlrs a share on revenues of 114.6 mln dlrs for 1986. In
+1985, the company reported a loss of 67.2 mln dlrs or 14.09
+dlrs a share on sales of 221.8 mln dlrs.
+    As a results of its restructuring, the number of employees
+the company had at year end were 820, compared with 1,300 on
+June 30, 1986 and 2,500 on January 1, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="513" NEWID="12285">
+<DATE> 1-APR-1987 16:04:52.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2377&#31;reute
+f f BC-******BANKAMERICA-SAY   04-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANKAMERICA SAYS IT EXPECTS TO REPORT A PROFIT FOR
+FIRST-QUARTER 1987
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="514" NEWID="12286">
+<DATE> 1-APR-1987 16:05:10.92</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2378&#31;reute
+u f BC-/MOBIL-&lt;MOB>-RAISES-W   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> RAISES WEST COAST CRUDE POSTINGS</TITLE>
+<DATELINE>    New York, April 1 - </DATELINE><BODY>Mobil Corp said it raised its west
+coast crude postings, effective today.
+    The Buena Vista light grade, at 26 degrees api gravity, was
+raised 1.35 dlrs a barrel to 15.55 dlrs/bbl, while the
+Huntington Beach light grade, at 16 degrees, was raised about
+1.75 dlrs/bbl to 14.10 dlrs/bbl.
+    The heavier Wilmington grade, at 17 degrees, was increased
+1.20 dlrs to 14.30 dlrs/bbl. Kern River crude, at 13 degrees,
+was increased 1.00 dlr to 13.00 dlrs/bbl.
+     Mobil also said that effective today it changed its
+gravity adjustment scale as follows: From 20 degrees to 34
+degrees API, Mobil will adjust its price 0.015 of a ct per
+one-tenth of an API degree. Below 20 degrees API, the company
+will adjust its price 0.020 ct per one-tenth of a degree. Crude
+grades from 34 degrees API to above 40 degrees are unaffected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="515" NEWID="12287">
+<DATE> 1-APR-1987 16:06:36.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2383&#31;reute
+r f BC-LOCKHEED-&lt;LK>-GETS-16   04-01 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOCKHEED &lt;LK> GETS 165.7 MLN DLRS IN CONTRACTS</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Lockheed Corp has been awarded 165.7
+mln dlrs in military contracts, including a 102.4 mln dlr
+contract for eight C-130 aircraft for the Air Force Reserve,
+the Air Force said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="516" NEWID="12288">
+<DATE> 1-APR-1987 16:07:57.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2388&#31;reute
+r f BC-STRAWBRIDGE-&lt;STRW>-DE   04-01 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRAWBRIDGE &lt;STRW> DECLARES STOCK DIVIDEND</TITLE>
+<DATELINE>    PHILADELPHIA, April 1 - </DATELINE><BODY>Strawbridge and Clothier said its
+board declared a seven pct stock dividend, payable May 14 to
+holders of record April 14.
+    Earlier, the company reported net income of 20.7 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="517" NEWID="12289">
+<DATE> 1-APR-1987 16:08:06.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2389&#31;reute
+u f BC-AMERICAN-PETROFINA-&lt;A   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN PETROFINA &lt;API.A>AUDIT REPORT QUALIFIED</TITLE>
+<DATELINE>    DALLAS, April 1 - </DATELINE><BODY>American Petrofina Inc said its auditor,
+Peat Marwick Mitchell and Co, has qualified its opinion of the
+company's annual report because of the unknown impact of the
+U.S. Energy Department's investigation into crude oil trading
+activities which occurred during the 1979-1981 period.
+    American Petrofina, which is controled by &lt;Petrofina SA>,
+said it believes it has good and meritorious defenses to any
+possible claim resulting from the ongoing investigation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="518" NEWID="12290">
+<DATE> 1-APR-1987 16:09:30.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2392&#31;reute
+r f BC-LTV-&lt;QLTV>-UNIT-WINS   04-01 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LTV &lt;QLTV> UNIT WINS AIR FORCE CONTRACT</TITLE>
+<DATELINE>    DALLAS, April 1 - </DATELINE><BODY>LTV Corp's LTV Missiles and Electronics
+Group said it received a 28.3 mln dlr contract from the U.S.
+Air Force for continued design and development of an
+anti-satellite weapon system.
+    The company said the contract work will be performed at its
+facilities in Grand Prairie, Texas, and is expected to be
+completed by September.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="519" NEWID="12291">
+<DATE> 1-APR-1987 16:10:33.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2395&#31;reute
+d f BC-HERCULES-&lt;HPC>-GETS-1   04-01 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERCULES &lt;HPC> GETS 131.5 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Hercules Inc has been awarded a 131.5
+mln dlr contract for stage three follow-on production work on
+the MX missile program, the Air Force said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="520" NEWID="12292">
+<DATE> 1-APR-1987 16:12:02.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2396&#31;reute
+b f BC-/BANKAMERICA-&lt;BAC>-PU   04-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> PUTS BRAZIL ON NON-ACCRUAL</TITLE>
+<DATELINE>    SAN FRANCISCO, April 1 - </DATELINE><BODY>BankAmerica Corp said it placed
+its 1.9 billion dlrs in medium- and long-term term loans to the
+Brazilian public and private sectors on non-accrual status as
+of March 31.
+    As a result, the bank's net income for the first quarter
+will be reduced by about 40 mln dlrs. If Brazil's suspension of
+interest payments remains in effect, earnings for the whole
+year will be reduced by a further 100 mln dlrs.
+    BankAmerica said, however, that it expects to report a
+profit for the first quarter of 1987.
+    BankAmerica also said that it had placed 180 mln dlrs of
+loans to Ecuador on non-accrual, which will reduce
+first-quarter earnings by about five mln dlrs.
+    If no interest payments are received for the rest of the
+year from Ecuador, which is recovering from a severe
+earthquake, 1987 earnings will be cut by a further 10 mln dlrs.
+    But, "barring substantialy increased instabilities in
+developing countries," BankAmerica said it continues to
+anticipate an operating profit in 1987.
+    In the first quarter of 1986 BankAmerica earned a profit of
+63 mln dlrs but turned in a loss of 518 mln dlrs for the year
+as a whole.
+    BankAmerica also said it completed yesterday the previously
+announced sale of its discount brokerage subsidiary, Charles
+Schwab Corp. The sale was part of a program of asset disposals
+undertaken to staunch losses at the nation's second largest
+bank holding company.
+    BankAmerica stressed that it expects Brazil will eventually
+reach a debt rescheduling agreement which will provide for the
+payment of interest being deferred in 1987.
+    "Negotiations will be complicated and lengthy, but we
+continue to expect that a rescheduling agreement will be
+completed this year," said A.W. Clausen, BankAmerica's chairman
+and chief executive officer.
+    "For the interim period, however, we concluded that the
+responsible procedure would be to record income only as we
+receive payments on the loans," he added in a statement.
+    U.S. banks are not legally required to place loans on
+non-accrual until interest becomes more than 90 days overdue.
+    By striking accrued, but unpaid, interest from their
+accounts earlier than necessary, the banks are signalling to
+Brazil their readiness to dig in for a long fight over the
+terms of the rescheduling agreement regardless of the
+short-term earnings impact, banking analysts said.
+    Brazil suspended interest payments on 68 billion dlrs of
+its 109 billion dlr foreign debt in February, citing a drop in
+official reserves, and said interest payments would be held on
+deposit at the central bank pending a rescheduling.
+    It also froze some 16 billion dlrs of short term credit
+lines which banks were committed to provide until March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="521" NEWID="12293">
+<DATE> 1-APR-1987 16:12:05.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2397&#31;reute
+b f BC-******laidlaw-transpo   04-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LAIDLAW DECLARES THREE FOR TWO SPLIT, BOOSTS PAYOUT to
+5-1/4 CTS/SHR FROM FOUR CTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="522" NEWID="12294">
+<DATE> 1-APR-1987 16:12:47.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2400&#31;reute
+h f BC-TRANSDUCER-SYSTEMS-IN   04-01 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSDUCER SYSTEMS INC YEAR</TITLE>
+<DATELINE>    KULPSVILLE, PA, April 1 -
+    </DATELINE><BODY>Shr profit 12 cts vs loss 49 cts
+    Net profit 117,000 vs loss 506,000
+    Revs 1.1 mln vs 1.2 mln
+    Year
+    Shr profit seven cts vs loss 89 cts
+    Net profit 66,000 vs loss 921,000
+    Revs 4.4 mln vs 3.9 mln
+    NOTE:1986 reflects tax benefit of 24,000. 1985 reflects tax
+benefit of 186,000 for quarter and 573,000 for year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="523" NEWID="12295">
+<DATE> 1-APR-1987 16:13:57.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2404&#31;reute
+d f BC-MCDONNELL-DOUGLAS&lt;MD>   04-01 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL DOUGLAS&lt;MD> GETS 60.0 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>McDonnell Douglas Corp has received a
+60.0 mln dlr contract for long lead advance work on F-15E
+aircraft, the Air Force said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="524" NEWID="12296">
+<DATE> 1-APR-1987 16:14:29.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2407&#31;reute
+u f BC-LAIDLAW-TRANSPORTATIO   04-01 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAIDLAW TRANSPORTATION LTD &lt;LDMFA> 2ND QTR NET</TITLE>
+<DATELINE>    Toronto, April 1 - </DATELINE><BODY>period ended February 28
+    Shr 26 cts vs 14 cts
+    Net 28.4 mln vs 15.2 mln
+    Revs 305.7 mln vs 179.6 mln
+    Six mths
+    Shr 50 cts vs 28 cts
+    Net 54.6 mln vs 30.3 mln
+    Revs 586.2 mln vs 359.8 mln
+    Avg shrs 100,362,000 vs 91,360,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="525" NEWID="12297">
+<DATE> 1-APR-1987 16:15:03.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2409&#31;reute
+r f BC-NORTHERN-TRUST-&lt;NTRS>   04-01 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN TRUST &lt;NTRS> TO INCREASE PRIME RATE</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>Northern Trust Co said it is raising its
+prime rate to 7-3/4 pct from 7-1/2 pct effective April 2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="526" NEWID="12298">
+<DATE> 1-APR-1987 16:16:32.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2412&#31;reute
+r f BC-CENTURY-BUSINESS-CRED   04-01 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTURY BUSINESS CREDIT &lt;CTY> GETS OFFER</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Century Business Credit Corp said it
+received an offer from Stanley Tananbaum, chairman and chief
+executive officer, to take the company private in a transaction
+giveing shareholders 24.40 dlrs per share in cash.
+    There were 603,106 shares outstanding as of December 31.
+    The independent directors said they will engage an expert
+to evaluate the fairness of the offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="527" NEWID="12299">
+<DATE> 1-APR-1987 16:17:32.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2417&#31;reute
+f f BC-******J.   04-01 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>J.P. MORGAN PLACES 1.3 BILLION DLRS OF MEDIUM- AND
+LONG-TERM BRAZIL LOANS ON NON-ACCRUAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="528" NEWID="12300">
+<DATE> 1-APR-1987 16:18:14.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2421&#31;reute
+r f BC-PROCTER-&lt;PG>-APPOINTS   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROCTER &lt;PG> APPOINTS NEW AGENCY FOR COOKIES</TITLE>
+<DATELINE>    CINCINNATI, April 1 - </DATELINE><BODY>Procter and Gamble Co said it
+appointed the New York ad agency of Wells, Rich, Greene, Inc to
+handle its Duncan Hines Ready-to-Serve Cookies, effective
+immediately.
+    The account was previously handled by Grey Advertising Inc
+of New York.
+    The company declined to discuss the reason for the change
+in accounts, nor would it dislose its advertising expenditures
+for the brand.
+    Procter and Gamble said Grey will continue to handle many
+of its brands, including Crisco, Bold, Joy, Downy and Puritan
+Oil, Monchel and Jif.
+    Wells, Rich, Green handles Procter's Pringle's, Gain,
+Safeguard, Spic and Span, Prell, Sure Banner, and Oil of Olay
+brands.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="529" NEWID="12301">
+<DATE> 1-APR-1987 16:18:21.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2422&#31;reute
+u f BC-LAIDLAW-&lt;LDMFA>-SPLIT   04-01 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAIDLAW &lt;LDMFA> SPLITS STOCK, HIKES PAYOUT</TITLE>
+<DATELINE>    Toronto, April 1 -
+    </DATELINE><BODY>Three for two stock split
+    Pay and record date subject to shareholder confirmation May
+four
+    Qtly dividend 5-1/4 cts vs four cts
+    Pay May 15
+    Record May one
+    Note: dividends declared on pre-split shares.
+    Laidlaw Transportation Ltd
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="530" NEWID="12302">
+<DATE> 1-APR-1987 16:19:04.90</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2424&#31;reute
+r f BC-SECURITY-PACIFIC,-PRO   04-01 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC, PROVIDENT NATIONAL LIFT PRIME</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Security Pacific National Bank and
+Provident National Bank said they increased their prime lending
+rates a quarter point to 7-3/4 pct.
+    They said the move is effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="531" NEWID="12303">
+<DATE> 1-APR-1987 16:19:29.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2425&#31;reute
+f f BC-******J.   04-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>J.P. MORGAN SAYS BRAZIL ACTION WILL REDUCE FIRST QUARTER
+NET BY ABOUT 20 MLN DLRS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="532" NEWID="12304">
+<DATE> 1-APR-1987 16:19:38.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2426&#31;reute
+u f BC-HOUSTON-INDUSTRIES-IN   04-01 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSTON INDUSTRIES INC &lt;HII> INCREASES DIV</TITLE>
+<DATELINE>    HOUSTON, April 1 -
+    </DATELINE><BODY>Qtly div 72 cts vs 70 cts prior
+    Payable June 10
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="533" NEWID="12305">
+<DATE> 1-APR-1987 16:20:42.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2428&#31;reute
+u f BC-PUROLATOR   04-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMERY &lt;EAF> PLANS PUROLATOR &lt;PCC> ASSET SALES</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Emery Air Frieght Corp, which has
+launched a 40 dlr a share tender offer for 83 pct of Purolator
+Courier Corp, said it would sell some Purolator assets to help
+pay the estimated 265 mln dlr cost of the stock purchase deal.
+    In a filing with the Securities and Exchange Commission,
+Emery said it would sell or lease Purolator's air hub in
+Indianapolis, Ind., which is currently under construction, and
+would divest Purolator's Stant Inc subsidiary.
+    No indications of interest for the assets have been
+received so far, Emery said.
+    Emery said it would operate Purolator as a subsidiary if it
+succeeded in the takever, but would integrate its air hub.
+    It said it plans to finance its stock purchases with
+borrowings from Chemical Bank, Morgan Guaranty Trust Co of New
+York, Bankers Trust Co and Salomon Brothers Holding Co Inc, the
+parent of Salmon Brothers Inc, Emery's financial advisor.
+    Emery said it already has a commitment letter from its
+banks for up to 129.9 mln dlrs for the stock purchases. An
+unspecified amount of internally generated funds would also be
+used for the stock purchases, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="534" NEWID="12306">
+<DATE> 1-APR-1987 16:20:47.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2429&#31;reute
+h f BC-CENTURY-BUSINESS-CRED   04-01 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTURY BUSINESS CREDIT CORP &lt;CTY> 4TH QTR</TITLE>
+<DATELINE>    NEW YORK, April 1 -
+    </DATELINE><BODY>Shr 39 cts vs 31 cts
+    Net 232,991 vs 198,185
+    Revs 2.9 mln vs 2.3 mln
+    Year
+    Shr 2.20 dlrs vs 1.12 dlrs
+    Net 1.3 mln vs 715,113
+    Revs 11.3 mln vs 10.1 mln
+    NOTE:1986 revs includes 260,000 dlr finder's fee , net
+includes 112,000 gain from sale of securities, 115,000
+dividends, 78,000 dlrs from lease recalculations.
+    1985 revs includes 700,000 finder's fee and 75,000 gain
+from sale of asset.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="535" NEWID="12307">
+<DATE> 1-APR-1987 16:23:07.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2435&#31;reute
+u f BC-TREASURY-BALANCES-AT   04-01 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED ROSE ON MARCH 31</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve rose on March 31 to 3.576 billion dlrs from 3.254
+billion dlrs on the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts fell to 5.394
+billion dlrs from 7.291 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 8.969 billion
+dlrs on March 31 compared with 10.544 billion dlrs on March 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="536" NEWID="12308">
+<DATE> 1-APR-1987 16:25:19.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2442&#31;reute
+f f BC-******GM-TO-IDLE-SIX   04-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM TO IDLE SIX CAR PLANTS NEXT WEEK, TEMPORARILY LAY OFF
+21,600 WORKERS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="537" NEWID="12309">
+<DATE> 1-APR-1987 16:26:40.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2446&#31;reute
+r f BC-IC-INDUSTRIES&lt;ICX>-UN   04-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IC INDUSTRIES&lt;ICX> UNIT TO SELL OFF MORE TRACK</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>Illinois Central Gulf Railroad, a
+subsidiary of IC Industries Inc, said it will complete the sale
+to the Chicago, Missouri and Western Railway of its 631-mile
+line from Joliet, Ill., to St. Louis by April 30.
+    The Chicago, Missouri is a wholly owned subsidiary of the
+Venango River Corp, a transportation holding company.
+    It said the purchase price of the line is 81 mln dlrs.
+    The Chicago, Missouri will employ 625 workers and start
+operation immediately upon closing of the transaction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="538" NEWID="12310">
+<DATE> 1-APR-1987 16:27:27.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2451&#31;reute
+r f BC-JOHNSTOWN-AMERICAN-&lt;J   04-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSTOWN AMERICAN &lt;JAC> MAKES EXCHANGE OFFER</TITLE>
+<DATELINE>    ATLANTA, April 1 - </DATELINE><BODY>Johnstown American Cos said it began a
+tender offer for the 500,000 outstanding shares of its 1985
+preferred stock.
+    Under the offer, the company said holders of the preferred
+would receive one share of a new issue of convertible
+redeemable preferred stock for each share of their 1985
+preferred.
+    The company said terms of the new preferred will permit it
+to redeem and retire the 1985 preferred shares at a discount
+from their current liquidation value of 50 mln dlrs, or 100
+dlrs a share.
+    The company said that if all the 1985 preferred shares are
+tendered, it will issue 500,000 1987 preferred shares, disburse
+250,000 dlrs and cancel all 1985 preferred shares that are
+tendered.
+    The company said that if it elects to redeem the 1987
+preferred, it must pay holders 12.3 mln dlrs in cash.
+    It said it must also issue warrants for the purchase of
+three mln common shares at a price of 4.50 dlrs a share or 33
+pct over the market price on the day before the notice of
+redemption, whichever is greater.
+    The company said the exchange offer is conditioned on
+tendering shareholders releasing certain rights to contingent
+payouts and profit-share interests that were given in
+connection with its 1985 acquisition of Consolidated Capital
+Equities Corp and Johnstown Management Co.
+    The offer, it said, is also conditioned on the tender of at
+least two-thirds of the outstanding preferred shares. The
+company said the exchange offer will expire at 1500 EST on May
+one, unless extended.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="539" NEWID="12311">
+<DATE> 1-APR-1987 16:28:10.52</DATE>
+<TOPICS><D>corn</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>china</D><D>argentina</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2454&#31;reute
+u f BC-STRONG-DEMAND-FOR-U.S   04-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRONG DEMAND FOR U.S. CORN IN JAPAN -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Japan appears to be relying less on
+corn from China, Argentina and South Africa and more on
+supplies from the United States, the U.S. Agriculture
+Department said.
+    In its World Production and Trade report, the department
+said in the past seven weeks reported U.S. corn sales of nearly
+three mln tonnes to Japan are about three times the level
+during this period last year.
+    Reports of short Argentine supplies and the apparent
+unwillingness of the Chinese to sell at current world prices
+may have caused Japanese buyers to turn to the United States
+for corn supplies, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="540" NEWID="12312">
+<DATE> 1-APR-1987 16:30:18.79</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2457&#31;reute
+b f BC-Attn-energy-desk   04-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BRITISH PETROLEUM RAISES NORTH SEA BUTANE PRICES BY 15.50
+DLRS A TONNE TODAY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="541" NEWID="12313">
+<DATE> 1-APR-1987 16:31:55.27</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2460&#31;reute
+u f BC-/BP-&lt;BP>-RAISES-NORTH   04-01 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP &lt;BP> RAISES NORTH SEA BUTANE PRICES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>British Petroleum Co plc said it raised
+its posted butane prices by 15.50 dlrs per tonne to 123 dlrs,
+fob north sea, effective today.
+    Posted propane prices were unchanged at 110 dlrs per tonne,
+the company said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="542" NEWID="12314">
+<DATE> 1-APR-1987 16:32:10.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2462&#31;reute
+u f BC-ALLIS-CHALMERS-&lt;AH>-D   04-01 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIS-CHALMERS &lt;AH> DEFERS INTEREST PAYMENTS</TITLE>
+<DATELINE>    MILWAUKEE, WIS., April 1 - </DATELINE><BODY>Allis-Chalmers Corp said it is
+deferring approximately three mln dlrs of interest payments due
+March 31 and April 1.
+    The company said it is actively negotiating with lenders
+for concessions on a restructuring plan proposed March Four
+calling for Allis-Chalmers to divest itself of all businesses
+except the American Air Filter Co.
+    Allis-Chalmers said it is "building a consensus among its
+shareholders, retired employees and creditors" regarding the
+consents that will be required for it to complete its
+restructuring.
+    To provide health care protection for its retired
+employees, Allis-Chalmers said it proposed setting up a secure
+75 mln dlr fund. It said about 4,400 current U.S. employees and
+12,000 U.S. retirees are presently supported by Allis-Chalmers
+health care plans.
+    Allis-Chalmers in a statement said it planned to continue
+payments to its vendors in the ordinary course of business
+while the restructuring is being negotiated.
+    Earlier, Allis-Chalmers said it executed a letter of intent
+to sell its solids processing equipment and minerals systems
+businesses to Boliden AB of Sweden for about 90 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="543" NEWID="12315">
+<DATE> 1-APR-1987 16:33:41.37</DATE>
+<TOPICS><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2469&#31;reute
+r f BC-ATLANTIC-TO-RAISE-HIG   04-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC TO RAISE HIGH SULPHUR FUEL PRICES</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Atlantic Fuels Marketing Corp said
+today it will raise the posted cargo prices for high sulphur
+fuels in New York Harbor 50 to 75 cts per barrel, effective
+April two.
+    The increase brings the prices for two pct sulphur to 19.25
+dlrs, up 50 cts, 2.2 pct sulphur to 18.75 dlrs, up 50 cts, 2.5
+pct sulphur to 18.50 dlrs, up 50 cts, 2.8 pct sulphur to 18.25
+dlrs, up 75 cts, the company said.
+    Posted prices for 0.3 pct and one pct low sulphur fuels
+were unchanged at 22 and 20 dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="544" NEWID="12316">
+<DATE> 1-APR-1987 16:36:15.50</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2473&#31;reute
+r f BC-FIRST-NATIONAL-BANK-O   04-01 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST NATIONAL BANK OF BOSTON &lt;BKB> RAISES PRIME</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>The First National Bank of Boston, the
+main banking unit of Bank of Boston, said it is raising its
+prime lending rate to 7.75 pct from 7.50 pct, effective
+immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="545" NEWID="12317">
+<DATE> 1-APR-1987 16:37:00.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2475&#31;reute
+u f BC-GENCORP-TAKES-NO-ACTI   04-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP TAKES NO ACTION ON STOCK DIVIDEND</TITLE>
+<DATELINE>    AKRON, Ohio, April 1 - </DATELINE><BODY>Gencorp Inc said its board took no
+action with respect to a two pct stock dividend at its annual
+meeting yesterday due to the press of other business,
+specifically the company's pending takeover offer by General
+Acquisition Corp, formed by AFG industries inc and Wagner and
+brown.
+    A spokesman said the two pct stock dividend, normally
+issued everly year, was not issued in February because the
+company was examining other dividend alternatives. Management
+said it would give consideration to this matter at a later
+time.
+   Yesterday, the company's chairman, A. William Reynolds, told
+shareholders he would be presenting an alternative to the 100
+dlrs a share takeover offer within a week.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="546" NEWID="12318">
+<DATE> 1-APR-1987 16:37:22.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2477&#31;reute
+b f BC-MORGAN-&lt;JPM>-PLACES-B   04-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN &lt;JPM> PLACES BRAZIL LOANS ON NONACCRUAL</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>J.P. Morgan and Co Inc, parent of
+Morgan Guaranty Trust Co of New York, said that it will place
+1.3 billion dlrs of medium- and long-term loans to Brazil on a
+non-accrual basis, matching similar action by BankAmerica Corp
+&lt;BAC> earlier today.
+    The move, which follows Brazil's suspension of interest
+payments on 68 billion dlrs of commercial bank debt on February
+20, is expected to reduce first quarter net income by about 20
+mln dlrs, of which four mln dlrs represents interest accrued
+prior to 1987 but still uncollected, the bank said.
+    Morgan earned 233.9 mln dlrs in the first quarter of 1986.
+    Morgan also said that, based on current interest rates and
+assuming cash interest payments are not received for the rest
+of the year, 1987 net income would be reduced by about 72 mln
+dlrs. 1986 net income was 872.5 mln dlrs.
+    Although U.S. banks do not have to put loans on nonaccrual
+until they are over 90 days past due, Morgan said some of the
+loans affected by the Brazil payment freeze may reach the
+90-day limit during the second and third quarters.
+    Morgan said it assumes talks between Brazil and commercial
+bank lenders will proceed "expeditiously" and interest payments
+will resume at the earliest practicable date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="547" NEWID="12319">
+<DATE> 1-APR-1987 16:38:11.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2480&#31;reute
+u f BC-GM-&lt;GM>-TO-IDLE-SIX-P   04-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> TO IDLE SIX PLANTS, 21,600 WORKERS</TITLE>
+<DATELINE>    DETROIT, April 1 - </DATELINE><BODY>General Motors Corp will idle six of its
+car assembly plants next week, temporarily laying off 21,600
+workers, according to spokespersons for the company's groups.
+    The automaker will shut three plants each in its two
+groups--the Buick-Oldsmobile-Cadillac group and the
+Chevrolet-Pontiac-GM of Canada group.
+    The plants will be closed for a week starting August six
+for inventory adjustment.
+    Five of the plants are located in the United States. The
+sixth is in Canada.
+    The three Buick-Oldsmobile-Cadillac plants that will be
+idled are located at Wentsville, Mo. (4,900 workers), the
+Hamtramck plant in Detroit (3,000 workers) and the body
+assembly plant in Flint, Mich. (2,500 workers).
+    The Chevrolet-Pontiac-GM of Canada facilities to be shut
+temporarily are located in North Tarrytown, N.Y. (3,500
+workers), Pontiac, Mich. (1,600 workers) and Oshawa, Ont.
+(6,100 workers).
+    All of General Motors' truck and bus plants will be
+operating next week, a spokesman for the truck and bus group
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="548" NEWID="12320">
+<DATE> 1-APR-1987 16:40:11.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f2483&#31;reute
+d f BC-REGULATOR-SEES-UPTURN   04-01 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGULATOR SEES UPTURN IN TEXAS ECONOMY</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>The downturn in the Texas economy has
+bottomed out and growth should return at a slow rate in the
+second or third quarter, said Coyle Kelly, executive assistant
+to the chairman of the Texas Public Utilities Commission.
+    "Indicators are pointing to a turnaround ... but
+uncertainty still remains," he said at a meeting of utilities
+analysts.
+    The state's economy will begin to expand by the end of the
+year, he said, but growth will be flat when averaged over the
+full 12 months.
+    Kelly said his projection assumes oil prices in the range
+of 15 dlrs to 19 dlrs a barrel.
+    He added that the oil and agriculture sectors were still
+severely depressed but that there are scattered signs of
+improvement in the industrial sectors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="549" NEWID="12321">
+<DATE> 1-APR-1987 16:42:55.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2491&#31;reute
+r f BC-GOULD-&lt;GLD>-COMPLETES   04-01 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOULD &lt;GLD> COMPLETES SALE OF DIVISION</TITLE>
+<DATELINE>    ROLLING MEADOWS, Ill., April 1 - </DATELINE><BODY>Gould Inc said it has
+completed the sale of its Systems and Simulations Division to
+the unit's management for an undisclosed price.
+    Gould said the move is part of its plan to divest its
+defense systems businesses and focus on its computer and
+electronics sectors.
+    Gould added that it accounted for the division as a
+discontinued operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="550" NEWID="12322">
+<DATE> 1-APR-1987 16:43:08.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2493&#31;reute
+u f BC-MORRISON-&lt;MORR>-ADOPT   04-01 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON &lt;MORR> ADOPTS SHAREHOLDER RIGHTS PLAN</TITLE>
+<DATELINE>    MOBILE, Ala., April 1 - </DATELINE><BODY>Morrison Inc said its board adopted
+a shareholder rights plan designed to fend off unwanted
+takeovers.
+    Morrison said that it was not aware of any party interested
+in acquiring the company.
+    It said it declared a dividend on its outstanding common
+stock of stock purchase rights which have a term of 10 years,
+and will be issued April 10 to holders of record April 10.
+    It said each right entitles shareholders to buy one
+one-thousandth of a share of newly authorized preferred at a
+purchase price of 75 dlrs. It said the rights will be
+distributed as a dividend and will become exercisable if a
+party acquires 20 pct or more of its common or begins a tender
+offer for 30 pct or more of its stock, among other things.
+    It said the rights are redeemable by its board at one-half
+ct per right.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="551" NEWID="12323">
+<DATE> 1-APR-1987 16:44:18.93</DATE>
+<TOPICS><D>corn</D><D>grain</D></TOPICS>
+<PLACES><D>france</D><D>usa</D><D>tunisia</D><D>morocco</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2497&#31;reute
+u f BC-FRENCH-SUBSIDIZED-COR   04-01 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH SUBSIDIZED CORN FOR TUNISIA/MOROCCO-USDA</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>U.S. corn sales to Tunisia, Morocco
+and other North African countries may face increased
+competition from European Community (EC) corn sales, the U.S.
+Agriculture Department said.
+    In its World Production and Trade report, the USDA said
+sales of French corn for nearby delivery have been confirmed
+with an export subsidy of about 145 dlrs per tonne, bringing
+the French price to about 72 dlrs per tonne, FOB.
+    While this is about the same price as U.S. corn, EC corn
+has lower transport costs, the department noted.
+    The French sales mark the beginning of commercial EC corn
+exports which could reach 750,000 tonnes to North Africa and
+the Middle East, areas which have traditionally purchased their
+corn needs from the United States, the department said.
+    Department officials said the 750,000 tonnes of exports are
+for the year up to September 30 1987.
+    They said export licenses for about 500,000 tonnes have
+been issued so far.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="552" NEWID="12324">
+<DATE> 1-APR-1987 16:45:28.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2499&#31;reute
+b f BC-******CHRYSLER-MADE-9   04-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER MADE 98,648 U.S. CARS IN MARCH, DOWN FROM
+115,540 LAST YEAR
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="553" NEWID="12325">
+<DATE> 1-APR-1987 16:45:49.71</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2500&#31;reute
+r f BC-NEW-ZEALAND-MAY-BUY-U   04-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND MAY BUY U.S. WHEAT -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>New Zealand may need about 100,000
+tonnes of wheat this year, which would normally come from
+Australia, but may be from the United States, the U.S.
+Agriculture Department said.
+    In its report on Export Markets for U.S. Grains, the
+department said with the deregulation of the New Zealand Wheat
+Board, which normally imports wheat from Australia, there is
+the possibility of wheat purchases from the united states since
+the shipping cost between New Zealand and the Eastern Coast of
+Australia and the West Coast of the United States are about
+equal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="554" NEWID="12326">
+<DATE> 1-APR-1987 16:46:47.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2501&#31;reute
+u f AM-BUDGET   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DEMOCRATS RAM BUDGET THROUGH COMMITTEE</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Democrats rammed through the House
+Budget Committee a trillion dollar U.S. spending budget for
+1988 over Republican protests.
+    After a brief partisan debate in which Republicans said
+they were kept in the dark about the plan, the committee
+approved the budget by voice vote and sent it to the full
+House. 
+    It was the first major congressional action on a U.S.
+budget for the government year starting October 1 this year.
+    President Reagan has had his own budget virtually ignored
+by Democrats and fellow Republicans alike.
+    The House budget would cut the deficit about 38 billion
+dlrs off an estimated 171-billion-dlr deficit for a 133-
+billion-dlr deficit, using Congressional Budget Office
+estimates.
+    Using President Reagan's more optimistic economic
+assumptions, committee Democrats said the deficit would be 107
+billion -- the goal of a new budget law designed to gradually
+end deficits by 1991.
+    The estimated deficit for this year is about 175 billion
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="555" NEWID="12327">
+<DATE> 1-APR-1987 16:51:00.08</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2513&#31;reute
+r f BC-portland-grain-ships   04-01 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN SHIPS LOADING AT PORTLAND</TITLE>
+<DATELINE>    PORTLAND, April 1 - </DATELINE><BODY>There were five grain ships loading and
+three ships were waiting to load at Portland, according to the
+Portland Merchants Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="556" NEWID="12328">
+<DATE> 1-APR-1987 16:54:42.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2518&#31;reute
+r f BC-NBC-MAKES-'FINAL'-OFF   04-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NBC MAKES 'FINAL' OFFER TO WRITERS, TECHNICIANS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>The National Broadcasting Co delivered
+its "final offer" for a new contract to representatives of
+2,800 writers, editors and technicians early today and waited
+for a response.
+    A committee of the National Association of Broadcast
+Employees and Technicians discussed the offer but after three
+hours they had not come to any decision.
+    If the union walks out it would mean simultaneous strikes
+against all three major U.S. television networks. A different
+union struck CBS Inc &lt;CBS> and Capital Cities/ABC Inc &lt;CCB> a
+month ago. NBC is owned by the General Electric Co &lt;GE>.
+    "We're instructing all our members to continue working
+without a contract," said John Krieger, a union official. The
+contract expired at midnight March 31.
+    Krieger said the committee is empowered to call a strike if
+it sees fit but he added, "we're not gun shy and we're not
+strike-happy, we don't take it lightly." He said the union
+needed time to draft a formal response to the NBC proposal,
+which the network billed as its "best and final offer."
+    A spokeswoman for NBC said management personnel were
+prepared to take assume technical duties if its radio and
+television facilities are struck.
+    "If there were a strike, we would not expect any
+interruption in our service," the NBC spokeswoman said. At CBS
+and ABC, where the Writers Guild of America has been on strike
+since early March, viewers have noticed little difference in
+the programs. However technicians are not involved in the
+walkout at CBS and ABC.
+    Krieger said the "major stumbling block" in the talks with
+NBC was the network's insistence on having the right to hire
+engineers and writers on a daily basis. "In a broad sense this
+would decimate the union," he said, with temporary workers
+jeopardizing the jobs of staff employees.
+    NBC said its proposal "contains assurances that there is no
+intention to replace regular employees with daily hires." NBC
+said regular employees who may be on layoff would be offered
+employment first.
+    NBC also said any daily hires would be represented by the
+union and would be phased in at four pct of regular staff in
+the first year of a contract and six percent afterward.
+    Top scale wages would increase to 855 dlrs per week in the
+first year of the two-year contract and 895 dlrs in the second
+year, under the NBC proposal. Krieger said the network's wage
+proposals were "disappointing" but not the main issue.
+    NBC said its proposals would give it greater flexibility in
+sports and news coverage. It said its proposals would permit
+limited access to news materials from affiliates and
+subscription services and allow Cable News Network to join
+network pool facilities. Cable News Network is owned by Turner
+Broadcasting System &lt;TBS>.
+    Material from subscription servoces would be limited to an
+average of about one minute in a half-hour program, NBC said.
+The network said the changes it seeks "would reduce costly
+duplication and are vital to NBC's long term health."
+    The major U.S. networks have experienced cost cutting
+campaigns following a series of ownership changes that affected
+the parent companies of all three in the past two years.
+    Laurence Tisch became the largest shareholder in CBS, NBC's
+former parent RCA was acquired by General Electric and ABC was
+merged into Capital Cities Broadcasting.
+    The broadcast operations have been hit with layoffs and
+other belt-tightening measures. Network executives cited cable
+television services and video cassette players which compete
+for viewers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="557" NEWID="12329">
+<DATE> 1-APR-1987 16:54:52.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2519&#31;reute
+r f BC-moore-to-ammend   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOORE &lt;MCL> TO AMEND RIGHTS OF PREFERENCE SHARES</TITLE>
+<DATELINE>    TORONTO, April 1 - </DATELINE><BODY>Moore Corp Ltd said it proposed
+amendments to a special resolution seeking shareholder approval
+for authority to issue preference shares, so that the shares
+will be non-voting except in the event of dividend non-payment.
+    It said it proposed the amendments in response to
+shareholder concerns that under the existing resolution, voting
+rights could be attached to the preference shares that are
+disproportionate to common share voting rights.
+    Moore Corp said it has no immediate plans to issue
+preference shares under the proposed resolution.
+    The resolutions will be considered at the April 9 annual
+and special meeting, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="558" NEWID="12330">
+<DATE> 1-APR-1987 16:55:59.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2521&#31;reute
+u f AM-GIULIANI   04-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ATTORNEY GIULIANI CLARIFIES SEC REMARKS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>U.S. Attorney Rudolph Giuliani,
+clarifying earlier remarks about being offered a top job at the
+Securities and Exchange Commission, said he had no intention
+about commenting on whether the offer was made.
+    A spokeswoman for Giuliani said the problems arose because
+he thought he was responding to questions about newspaper
+speculation and not about an actual offer.
+    In a brief morning press conference, Giuliani said he had
+received feelers about becoming head of the FBI and had turned
+that down. He then mentioned the SEC and said he had not made
+up his mind but could not leave New York for several months.
+    In a later clarification of his remarks, Giuliani told
+reporters, "I can't comment. I am not able to confirm that. This
+is not a good time to leave New York. I have important work to
+do here."
+    He did not deny that an offer had been made.
+    Earlier Reuters reported that Giuliani confirmed that he
+had been offered a top post at the SEC but would not say what
+that position was.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="559" NEWID="12331">
+<DATE> 1-APR-1987 16:56:43.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2523&#31;reute
+u f BC-CALIFORNIA-WATER   04-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FIRM HAS FIVE PCT OF CALIF. WATER &lt;CWTR></TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Compagnie Generale Des Eaux
+&lt;EAUG.PA>, a French water, waste treatment and disposal,
+heating, ventilation and air conditioning concern said it has a
+5.0 pct stake in California Water Service Co.
+    In a filing with the Securities and Exchange Commission,
+Compagnie Generale said it bought its 139,200 California Water
+shares for a total of 7.0 mln dlrs for investment purposes.
+    While it said it might acquire more shares in the company,
+it said it has no plans to seek control of it.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="560" NEWID="12332">
+<DATE> 1-APR-1987 16:57:31.02</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2527&#31;reute
+u f BC-USDA-REPORT-ON-CATTLE   04-01 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA REPORT ON CATTLE SLAUGHTER, MEAT PURCHASES</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The U.S. Agriculture Department said
+an estimated 8,700 head of dairy cattle were slaughtered during
+the week ending March 13 as a result of the Whole Herd Dairy
+Buyout program.
+    The cumulative total of cattle slaughtered under the
+program from April 1 through March 13 is estimated at 1,032,300
+head, it said.
+    Cumulative meat purchases through March 27 total
+376,897,330 lbs, the department said.
+    Dairy cattle reported for export under the program for the
+period April 1 through March 27 totaled an estimated 55,055
+head, the department said.
+    Live cattle exports are in addition to the meat purchase
+requirements, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="561" NEWID="12333">
+<DATE> 1-APR-1987 16:58:13.93</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2530&#31;reute
+u f BC-MAJOR-U.S.-BANKS-MOVE   04-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR U.S. BANKS MOVE TO HIGHER 7-3/4 PCT PRIME</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Most major U.S. banks today matched
+Tuesday's quarter-point prime rate cuts by Citibank and Chase
+Manhattan Bank, the first prime rate boosts since mid-1984.
+    Most cited narrower spreads between the prime and funding
+costs as justification. Analysts said the prime rate rises may
+have been triggered partly by a desire by banks to enhance
+profit margins given problems with developing country loans. 
+    Commenting on the prime rate increases, U.S. Treasury
+Secretary James Baker told a House Appropriations Committee
+that "I hope it was a temporary blip upward."
+    Among the major banks which today announced prime rate
+increases to 7-3/4 pct were Bankers Trust, Chemical Bank,
+Continental Illinois National Bank, Harris Trust and Savings
+Bank, Irving Trust, Manufacturers Hanover Trust Co, Marine
+Midland, and Security Pacific National Bank.
+    Other banking companies announcing prime rate rises
+included Pittsburgh National Bank, Texas Commerce Bank-Houston,
+Provident National Bank, First National Bank of Boston, Florida
+Federal Savings and Loan Association, and SunTrust Banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="562" NEWID="12334">
+<DATE> 1-APR-1987 16:58:19.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2531&#31;reute
+h f BC-JEM-RECORD-INC-&lt;JEMR>   04-01 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEM RECORD INC &lt;JEMR> 2ND QTR JAN 31</TITLE>
+<DATELINE>    SOUTH PLAINFIELD, N.J., April 1 -
+    </DATELINE><BODY>Shr three cts vs seven cts
+    Net 52.1 mln vs 112,713
+    Revs 5.1 mln vs 4.4 mln
+    Six months
+    Shr five cts vs 15 cts
+    Net 75,605 vs 244,119
+    Revs 9.5 mln vs 9.5 mln
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="563" NEWID="12335">
+<DATE> 1-APR-1987 16:59:13.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2534&#31;reute
+r f BC-AMR-&lt;AMR>,-CITICORP-&lt;   04-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMR &lt;AMR>, CITICORP &lt;CCI> TO SET MARKETING PACT</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>AMR Corp's American Airlines and
+Citibank are expected to announce a joint marketing program at
+a press conference tomorrow, analysts said.
+    The program will probably allow consumers using a credit
+card issued by Citibank to pay for flights on American and earn
+frequent flyer miles, they said.
+    "It's an incentive to use the card and it potentially
+builds traffic for the carrier," said one analyst, who asked
+not to be named.
+    One analyst noted that Texas Air Corp's &lt;TEX> Continental
+Airlines has a similar agreement with a bank issuing
+Mastercard.
+    Texas Air officials were not immediately available.
+    American Airlines and Citibank scheduled a press conference
+at 1030 EST in New York tomorrow to announce a "major new
+credit card alliance marketing program."
+    Spokesmen for Citibank declined additional comment.
+American Airlines spokesmen were not available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="564" NEWID="12336">
+<DATE> 1-APR-1987 17:04:09.20</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2546&#31;reute
+r f BC-union-bank-raises prime-to-7.75-pct  04-01 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION BANK RAISES ITS PRIME RATE TO 7.5 PCT</TITLE>
+<DATELINE>    LOS ANGELES, April 1 - </DATELINE><BODY>The Union Bank subsidiary of
+Standard Chartered PLC said today it was raising its prime
+lending rate to 7.75 pct from 7.50 pct, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="565" NEWID="12337">
+<DATE> 1-APR-1987 17:07:21.62</DATE>
+<TOPICS><D>interest</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f2549&#31;reute
+u f BC-fin-futures-outlook   04-01 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FURTHER DECLINES IN U.S. DEBT FUTURES POSSIBLE</TITLE>
+<AUTHOR>    By Brad Schade, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>After an already steep fall in the past
+week, U.S. interest rate futures may be in for further declines
+in the near term, financial analysts said.
+    However, some analysts said recent sharp losses in bond
+futures have left the bond market somewhat oversold, and the
+contracts on long-term debt could stage a recovery before
+resuming their decline.
+    Key to the near-term direction of futures will be the
+course of the dollar, they said.
+    "As the dollar goes, so goes the bond market," said Dean
+Witter analyst Karen Gibbs.
+    The recent decline in the dollar, which hit a 40-year low
+against the Japanese yen Monday, was reversed Wednesday when
+several large U.S. money center banks unexpectedly raised their
+prime lending rates by a quarter point, to 7-3/4 pct.
+    "Even though the prime rate cut was good for the dollar,
+foreign exchange traders are not convinced the dollar decline
+is over," Gibbs said.
+    The dollar decline was key in recent weakness in debt
+futures as it rekindled concern about a pickup in inflation.
+    Indeed, the falling dollar may have been a key topic at the
+meeting of the Federal Reserve's policy making arm, the Federal
+Open Market Committee, this week, analysts said.
+    "To the Fed, the combination of a falling dollar, a
+steepening yield curve, and rising commodity prices look
+suspiciously like the traces of expectations of accelerating
+inflation," said Denis Karnosky, analyst at Carroll, McEntee
+and McGinley Inc.
+    Such expectations could mean that "a shift in policy toward
+restriction of bank reserves is likely to get very serious
+consideration," at the FOMC meeting, he said.
+    Any such restriction of reserves will not be a highly
+visible form of monetary tightening, Karnosky said.
+    Rather, the key to detecting a change will be found in
+seasonal and adjustment borrowing at the discount window, he
+said. Borrowings have held near a weekly average of 300 mln
+dlrs over the past several months, he said.
+    In the meantime, however, "the market looks a bit
+oversold," said Jim Wysoglad, analyst at Golden Gate Futures.
+    Wysoglad said a recovery from the oversold condition could
+drive June bonds to a high near 99 before falling back to test
+chart support near the recent low of 97-13/32.
+    Technician Leslie Keefe of Technical Data Corp of Boston
+said that the key test for June bonds will be whether the
+nearby contract holds above chart support at 96-24/32.
+    "All previous selloffs since mid-November have stopped and
+buyers have surfaced at that level," Keefe said.
+    If that level is broken, and the dollar continues to
+decline, Keefe said she expects the June bond contract to
+decline to test support between 92 and 93, the primary uptrend
+line dating back to 1984.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="566" NEWID="12338">
+<DATE> 1-APR-1987 17:09:28.14</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2553&#31;reute
+d f BC-USDA-GRAIN-INSPECTION   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA GRAIN INSPECTION ADVISORY COMMITTEE MEETING</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The Federal Grain Inspection Service
+Advisory Committee will meet here Monday, April 13, the U.S.
+Agriculture Department said.
+    Items on the agenda for the meeting, which is scheduled to
+begin at 0830 edt, are grain-quality issues, status of proposed
+regulations, financial matters and safety matters, the
+department said.
+    The Federal Grain Inspection Service Advisory Committee is
+composed of 12 members representing the grain industry who
+provide advice to the administrator of the Federal Grain
+Inspection Service.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="567" NEWID="12339">
+<DATE> 1-APR-1987 17:12:53.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2562&#31;reute
+r f BC-DEAK-BUYS-JOHNSON-MAT   04-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEAK BUYS JOHNSON MATTHEY COMMODITIES</TITLE>
+<DATELINE>    NEW YORK, APRIL 1 - </DATELINE><BODY>Deak International, a foreign currency
+and precious metals firm, announced the acquisition of Johnson
+Matthey Commodities of New York from Minories Finance Limited,
+a unit of the Bank of England.
+    The purchase valued at 14.8 mln dlrs follows the recent
+acquisition of London's Johnson Matthey Commodities Limited,
+Deak said. The New York firm will be known as Deak
+International Trading Ltd, the company said. Arkadi Kuhlmann,
+president and chief executive officer of Deak International,
+said the purchase will expand Deak's operations in precious
+metals and wholesale non-ferrous metals trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="568" NEWID="12340">
+<DATE> 1-APR-1987 17:14:17.65</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2566&#31;reute
+d f BC-media-summary   04-01 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE FUTURES AT SIX-YEAR LOW, UNDER 1 DLR/LB</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>Coffee futures dipped further today and
+closed below 1 dlr a pound for the first time in six years.
+    Coffee for delivery in May ended at 99.28 cents a pound on
+the Coffee, Sugar and Cocoa Exchange, down 0.76 cent and the
+lowest price since August, 1981.
+     Prices have been falling steadily since the International
+Coffee Organization failed in February to reach an agreement
+controlling exports by its members, and pressure was renewed
+this week as the executive board of the organization met in
+London without reopening debate on its export quotas.
+    The executive board has limited its current discussions to
+administrative matters and is set to adourn Thursday.
+    Burdensome supplies have pressed the market down from 1.30
+dlr a pound in February, when the organization's discussions
+aimed at re-establishing export quotas broke down.
+    Sandra Kaul, a coffee analyst in New York with Shearson
+Lehman Brothers, said supplies currently are at their high
+point for the year because most producing nations have just
+completed their harvests.
+    In addition, she said, many of those nations are faced with
+serious debt and need to sell coffee to raise capital.
+    "This should keep substantial pressure on exporters to
+undertake sales despite the drop in prices," she said.
+    Further, U.S. demand could be sluggish because winter, the
+period of greatest consumption, is ending. Prices could fall
+another 10 cents to 15 cnts a pound, analysts said.
+    Gold futures retreated from modest early gains and closed
+steady while silver prices rallied on the Commodity Exchange in
+New York.
+    The increase in U.S. banks' prime rates prompted concern
+about renewed inflation, but the strength of the U.S. dollar
+discouraged new buying.
+    "The market is getting mixed signals and it doesn't know
+which way to go," one analyst said.
+    Gold futures retreated from modest early gains and closed
+steady while silver prices rallied on the Commodity Exchange in
+New York.
+    The increase in U.S. banks' prime rates prompted concern
+about renewed inflation, but the strength of the U.S. dollar
+discouraged new buying.
+    "The market is getting mixed signals and it doesn't know
+which way to go," one analyst said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="569" NEWID="12341">
+<DATE> 1-APR-1987 17:15:20.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2574&#31;reute
+h f BC-BELDEN-AND-BLAKE-ENER   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELDEN AND BLAKE ENERGY CO &lt;BBE> 4TH QTR</TITLE>
+<DATELINE>    NEW YORK, APril 1 -
+    </DATELINE><BODY>Shr loss 1.92 dlrs vs profit five cts
+    Net loss 5.6 mln vs profit 136,598
+    Revs 1.4 mln vs. 2.5 mln
+    Year
+    Shr loss 3.81 dlrs vs profit 21 cts
+    Net loss 10.8 mln vs profit 435,176
+    Revs 7.6 mln vs 9.4 mln
+    NOTE:1986 4th qtr includes write-off of about 373,000 dlrs
+or 13 cts and writdown of assets of 4.0 mln dlrs. 1986 year
+includes 4.1 mln dlrs 1st qtr writedown.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="570" NEWID="12342">
+<DATE> 1-APR-1987 17:15:56.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2578&#31;reute
+d f BC-MASSTOR-&lt;MSCO>-IN-PAC   04-01 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MASSTOR &lt;MSCO> IN PACT WITH NAT'L WESTMINSTER</TITLE>
+<DATELINE>    SANTA CLARA, Calif., April 1 - </DATELINE><BODY>Masstor Systems Corp said it
+it signed a volume purchase agreement with National Westminster
+Bank PLC worth up to 7.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="571" NEWID="12343">
+<DATE> 1-APR-1987 17:16:08.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2579&#31;reute
+d f BC-TENERA-&lt;TLPZV>-PLANS   04-01 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENERA &lt;TLPZV> PLANS TO BUY BACK LP UNITS</TITLE>
+<DATELINE>    BERKELEY, Calif., April 1 - </DATELINE><BODY>Tenera LP said it plans to
+periodically repurchase up to 200,000 limited partnership units
+in the open market.
+    The timing and amount of the proposed purchases will depend
+on the prevailing market price and trading volumes in the units
+to comply with Securities and Exchange Commission regulators,
+Tenera said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="572" NEWID="12344">
+<DATE> 1-APR-1987 17:16:17.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2580&#31;reute
+d f BC-CROWN-RESOURCES-&lt;CRRS   04-01 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CROWN RESOURCES &lt;CRRS> PLANS ENERGY UNIT SALE</TITLE>
+<DATELINE>    DENVER, April 1 - </DATELINE><BODY>Crown Resources Corp said it plans to
+sell its Oklahoma-based oil and gas unit as part of its
+strategy to focus on developing precious metals properties.
+    The company said it bought the Wyona Water Flood Oil and
+Gas unit in 1984 for 650,000 dlrs.
+    Crown said the Wyona field is fully developed with 28
+producing wells.
+    Current oil production is 80 barrels a day, it said, adding
+that no gas was produced for sale in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="573" NEWID="12345">
+<DATE> 1-APR-1987 17:18:17.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2583&#31;reute
+d f BC-M.D.C.-HOLDINGS-&lt;MDC>   04-01 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>M.D.C. HOLDINGS &lt;MDC> SELLS ENERGY UNIT</TITLE>
+<DATELINE>    DENVER, April 1 - </DATELINE><BODY>M.D.C. Holdings Inc said it sold
+substantially all the assets of its oil and gas unit, Mizel
+Petro Resources Inc, and affiliated partnerships, for 38 mln
+dlrs in cash to &lt;Parker and Parsley Petroleum Co>, Midland,
+Texas.
+    The company said that, subject to certain post-closing
+adjustments, it expects to post a small profit on the sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="574" NEWID="12346">
+<DATE> 1-APR-1987 17:18:40.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2584&#31;reute
+r f BC-LIVINGWELL-INC-&lt;WELL>   04-01 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIVINGWELL INC &lt;WELL> YEAR</TITLE>
+<DATELINE>    HOUSTON, April 1 -
+    </DATELINE><BODY>Shr six cts vs three cts
+    Net 1.7 mln vs 3.1 mln
+    Revs 187.3 mln vs 129.7 mln
+    NOTE:Increase in earnings due to elimination of preferred
+dividend requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="575" NEWID="12347">
+<DATE> 1-APR-1987 17:20:05.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2587&#31;reute
+d f BC-PEOPLES-TELEPHONE-SIG   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEOPLES TELEPHONE SIGNS PACT WITH SOUTHLAND &lt;SLC></TITLE>
+<DATELINE>    MIAMI, Fla., April 1 - </DATELINE><BODY>Peoples Telephone Co, the third
+largest private pay phone firm in the U.S., said it signed an
+exclusive five-year, 25 mln dlr contract with the Southland
+Corp.
+    Under the contract, Peoples said it will provide telephone
+service to Southland's 7-Eleven Stores in Florida, and install
+and maintain telephone circuitry for 7-Eleven's MovieQuick and
+computerized lottery systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="576" NEWID="12348">
+<DATE> 1-APR-1987 17:20:20.78</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2588&#31;reute
+u f BC-MEXICO-BUYS-51,000-TO   04-01 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO BUYS 51,000 TONNES U.S. SOYBEANS</TITLE>
+<DATELINE>    KANSAS CITY, April 1 - </DATELINE><BODY>Mexico bought 51,000 tonnes of U.S.
+number two yellow soybeans in an overnight tender, for various
+ocean and rail shipments in May, private export sources said.
+    About 40,000 tonnes sold for ocean shipment at prices
+ranging from 199.67 to 210.17 dlrs per tonne, c and f, and
+about 11,000 tonnes sold for rail shipment at prices from
+205.50 to 217.88 dlrs per tonne, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="577" NEWID="12349">
+<DATE> 1-APR-1987 17:20:50.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2590&#31;reute
+d f BC-SCIMED-&lt;SMLS>-BEING-S   04-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCIMED &lt;SMLS> BEING SUED FOR PATENT INFRINGEMENT</TITLE>
+<DATELINE>    MINNEAPOLIS, April 1 - </DATELINE><BODY>SciMed Life Systems Inc said
+&lt;Advanced Cardiovascular Systems Inc> is suing it for patent
+infringement.
+    The company said the suit involves a patent for a vascular
+guiding catheter assembly and a vascular dilating catheter
+assembly.
+    SciMed said the suit is without merit and it has turned the
+matter over to its attorneys.
+    It added that the lawsuit will not affect the negotiations
+on the merger transaction with Bristol-Meyers Co &lt;BMY>,
+announced Monday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="578" NEWID="12350">
+<DATE> 1-APR-1987 17:21:37.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2592&#31;reute
+r f BC-FIDELCOR-&lt;FICR>-UNIT   04-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIDELCOR &lt;FICR> UNIT ACQUIRES LAZERE FINANCIAL</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Fidelcor Inc's Fidelcor Business Credit
+Corp subsidiary said it reached a definitive agreement to
+acquire a substantial portion of the Bank of New England Corp's
+&lt;BKNE> Lazere Financial Corp's assets.
+    Terms of the acquisition were not disclosed. The
+acquisition is subject to approval of the Federal Reserve
+Board.
+    Fidelcor said it would acquire most of Lazere's loan
+portfolio and other assets, including its Miami office. It said
+it plans to hire the majority of Lazere's 100 employees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="579" NEWID="12351">
+<DATE> 1-APR-1987 17:21:44.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2593&#31;reute
+r f BC-SUNSTATES-CORP-&lt;SUST>   04-01 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNSTATES CORP &lt;SUST> 4TH QTR</TITLE>
+<DATELINE>    JACKSONVILLE, Fla, April 1 -
+    </DATELINE><BODY>Shr loss 3.51 dlrs vs loss 6.14 dlrs
+    Net loss 3.2 mln vs loss 6.6 mln
+    Year
+    Shr loss 2.38 dlrs vs loss 5.17 dlrs
+    Net loss 692,872 vs loss 4.5 mln
+    NOTE:1986 loss includes loss of 301,000 for discontinued
+oeprations vs a loss of 5.5 mln dlrs net of a 1.4 mln credit in
+1985. 1985 4th qtr includes loss of 3.5 mln dlrs for
+discontinued operations. share amts relfect dividend
+requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="580" NEWID="12352">
+<DATE> 1-APR-1987 17:22:09.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2594&#31;reute
+r f BC-bii-enterprises-inc   04-01 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BII ENTERPRISES INC> YEAR NOV 30 NET</TITLE>
+<DATELINE>    TORONTO, April 1 -
+    </DATELINE><BODY>Shr 86 cts vs 79 cts
+    Net 4,042,000 vs 3,549,000
+    Revs 59.7 mln vs 47.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="581" NEWID="12353">
+<DATE> 1-APR-1987 17:22:42.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2595&#31;reute
+r f BC-scottish-and-york   04-01 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SCOTTISH AND YORK HOLDINGS LTD> YEAR LOSS</TITLE>
+<DATELINE>    TORONTO, April 1 -
+    </DATELINE><BODY>Shr loss 27 cts vs loss 2.27 dlrs
+    Net profit 2,150,000 vs loss 14,700,000
+    Revs 121.3 mln vs 69.8 mln
+    Note: shr after payment of preferred stock dividends
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="582" NEWID="12354">
+<DATE> 1-APR-1987 17:24:19.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2597&#31;reute
+u f BC-BANGOR-HYDRO-ELECTRIC   04-01 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGOR HYDRO-ELECTRIC &lt;BANG> GETS APPROVAL</TITLE>
+<DATELINE>    BANGOR, Maine, April 1 - </DATELINE><BODY>Bangor Hydro-Electric Co said the
+Maine PUblic Utilities Commission approved changes in rates
+effective today that will decrease revenues by about 412,000
+dlrs or 0.5 pct.
+    The decrease results from changes in the base rates and in
+the fuel cost adjustment rate charged by the company.
+    Base rates will decrease by 6.25 mln dlrs due largely to
+its sale in the Seabrook nuclear power project, a reduction in
+federal income taxes and lower costs of capital.
+    The base rate assumes a rate of return of 11.57 pct, down
+from 13.1 pct. Offsetting the decrease, however, is an
+authorization to increase fuel rates by 5.84 mln dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="583" NEWID="12355">
+<DATE> 1-APR-1987 17:24:54.95</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nycsce</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2599&#31;reute
+d f BC-media-summary   04-01 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE FUTURES UNDER DLR A POUND AT SIX-YEAR LOW</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>Coffee futures dipped further and closed
+below one dlr a pound for the first time in six years.
+    Coffee for delivery in May ended at 99.28 cents a pound on
+the New York Coffee, Sugar and Cocoa Exchange, down 0.76 cent
+and the lowest price since August, 1981.
+     Prices have fallen steadily since the International Coffee
+Organization failed in February to reach an agreement
+controlling exports by its members, and pressure was renewed
+this week as the executive board of the organization met in
+London without reopening debate on its export quotas.
+    The executive board has limited its current discussions to
+administrative matters and is set to adourn Thursday.
+    Burdensome supplies have pressed the market down from 1.30
+dlrs a pound in February, when the organization's discussions
+aimed at re-establishing export quotas broke down.
+    Sandra Kaul, a coffee analyst in New York with Shearson
+Lehman Brothers, said supplies currently are at their high
+point for the year because most producing nations have just
+completed their harvests.
+    In addition, she said, many of those nations are faced with
+serious debt and need to sell coffee to raise capital.
+    "This should keep substantial pressure on exporters to
+undertake sales despite the drop in prices," she said.
+    Further, U.S. demand could be sluggish because winter, the
+period of greatest consumption, is ending. Prices could fall
+another 10 to 15 cents a pound, analysts said.
+    Gold futures retreated from modest early gains and closed
+steady while silver prices rallied on the Commodity Exchange in
+New York.
+    The increase in U.S. banks' prime rates prompted concern
+about renewed inflation but the strength of the U.S. dollar
+discouraged new buying.
+    "The market is getting mixed signals and it doesn't know
+which way to go," one analyst said.
+    Cattle futures posted new highs on the Chicago Mercantile
+Exchange, while live hogs rallied from early losses and frozen
+pork bellies finished sharply lower.
+    Cattle prices continued to draw support from the winter
+storm that swept the Plains states, leaving animals stranded in
+snowbound fields and feed lots in miserable condition.
+    Live hogs were pressured early by the Agriculture
+Department's report Tuesday that producers expanded their
+breeding herds more than the market expected last quarter.
+Prices recovered to keep pace with higher cash prices.
+    Frozen pork bellies fell sharply on the outlook for greater
+production and closed with limit losses.
+    Soybean futures posted sharp gains on the Chicago Board of
+Trade, while corn and wheat were lower.
+    Soybeans rallied in response to Tuesday's USDA report that
+farmers intend to plant 56.9 mln acres this year, down from
+61.5 mln planted last year.
+    Corn prices were pressured by the outlook for 67.6 mln
+acres of corn, which is down from last year's 76.7 mln acres,
+but was larger than analysts expected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="584" NEWID="12356">
+<DATE> 1-APR-1987 17:25:02.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2600&#31;reute
+r f BC-KILLEARN   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT ADVISORS HAVE 10 PCT OF KILLEARN&lt;KPI></TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Two executives of a Memphis, Tenn.,
+investment advisory firm told the Securities and Exchange
+Commission they have acquired 132,000 shares of Killearn
+Properties Inc, or 10.4 pct of the total outstanding.
+    The executives, O. Mason Hawkins and William Reid, who work
+for Southeastern Asset Management Inc, said they bought their
+Killearn stock with personal funds as an investment.
+    While they said they might increase their stake Killearn
+Properties, they said they have no plans to seek control of it.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="585" NEWID="12357">
+<DATE> 1-APR-1987 17:25:47.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2604&#31;reute
+r f BC-FEDS-OKAY-WESTERN-CAR   04-01 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDS OKAY WESTERN CAROLINA SAVINGS CONVERSION</TITLE>
+<DATELINE>    VALDESE, N.C., April 1 - </DATELINE><BODY>Western Carolina Savings and Loan
+Association said the Federal Home Loan Bank Board approved the
+completion of its conversion to a state chartered stock savings
+and loan from a state chartered mutual bank.
+    Carolina said 575,000 shares were subscribed for at 10 dlrs
+per share during its initial offering.
+    It said trading will begin in its stock April eight on
+NASDAQ under the sumbol WCAR.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="586" NEWID="12358">
+<DATE> 1-APR-1987 17:26:47.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2606&#31;reute
+d f BC-SELAS-&lt;SLS>-LOSES-RUL   04-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SELAS &lt;SLS> LOSES RULING IN CONTRACT DISPUTE</TITLE>
+<DATELINE>    DRESHER, Pa., April 1 - </DATELINE><BODY>Selas Corp of America said the U.S.
+District Court in Tacoma, Wash., issued a judgment against the
+company in a lawsuit filed by &lt;Milgard Tempering Co>.
+    The company said the suit, filed by Milgard in 1983 in
+connection with a contract dispute, seeks 3.7 mln dlrs in
+damages as well as legal fees.
+    While the court has not issued a final judgment, Selas said
+it indicated that Milgard will be awarded about one mln dlrs in
+damages. Selas said it has not decided whether it will appeal
+the ruling.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="587" NEWID="12359">
+<DATE> 1-APR-1987 17:27:10.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2607&#31;reute
+u f BC-FORD-&lt;F>-MARCH-U.S.-C   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> MARCH U.S. CAR PRODUCTION UP</TITLE>
+<DATELINE>    DETROIT, April 1 - </DATELINE><BODY>Ford Motor Co said it made 189,610 U.S.
+cars in March, up from 150,520 in the same period last year.
+    Ford said it made 143,949 trucks during the month, compared
+to 116,727 in the 1986 period.
+    Year-to-date, Ford said it produced 534,209 U.S. cars, up
+from 446,505 last year-to-date.
+    Truck production through the end of March was 403,836
+vehicles, up from 362,986 vehicles, Ford said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="588" NEWID="12360">
+<DATE> 1-APR-1987 17:27:40.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2609&#31;reute
+u f BC-CHRYSLER-&lt;C>-SAYS-MAR   04-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> SAYS MARCH U.S. CAR OUTPUT FELL</TITLE>
+<DATELINE>    DETROIT, April 1 - </DATELINE><BODY>Chrysler Corp said it made 98,648 cars
+in the U.S. in March, down from the 115,540 cars it produced in
+the same month last year.
+    The company said it produced 23,961 trucks in the U.S.
+during the month, compared to 134 in the same month last year,
+when most of Chrysler's truck operations were temporarily
+closed down for model changovers.
+    Year to date, Chrysler made 315,635 U.S. cars and 63,795
+U.S. trucks, compared to 373,481 and 134 in the 1986 period,
+respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="589" NEWID="12361">
+<DATE> 1-APR-1987 17:27:48.80</DATE>
+<TOPICS><D>meal-feed</D><D>sun-meal</D><D>lin-meal</D><D>soy-meal</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2610&#31;reute
+r f BC-ARGENTINE-GRAIN/OILSE   04-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE GRAIN/OILSEED EXPORT PRICES ADJUSTED</TITLE>
+<DATELINE>    BUENOS AIRES, April 1 - </DATELINE><BODY>The Argentine grain board adjusted
+minimum export prices of grain and oilseed products in dlrs per
+tonne FOB, previous in brackets, as follows:
+    Sunflowerseed cake and expellers 99 (97), pellets 97 (95)
+and meal 95 (93).                               
+    Sunflowerseed oil for shipments through May 308 (300) and
+June onwards 314 (307).                         
+    Linseed cake and expellers 137 (136), pellets 115 (114) and
+meal 105 (104), all for shipments through June. 
+    Linseed cake and expellers 146 (145), pellets 124 (123) and
+meal 114 (113), all for shipments July onwards.
+    Soybean cake and expellers 169 (167), pellets 162 (160) and
+meal 152 (150), all for shipments through May.  
+    Soybean cake and expellers 166 (164), pellets 159 (157) and
+meal 149 (147), all for shipments June onwards.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="590" NEWID="12362">
+<DATE> 1-APR-1987 17:28:34.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2612&#31;reute
+d f BC-SAVOY-INDUSTRIES-INC   04-01 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAVOY INDUSTRIES INC &lt;SAVO> YEAR</TITLE>
+<DATELINE>    NEW YORK, April 1 -
+    </DATELINE><BODY>Shr loss 42 cts vs loss five cts
+    Net loss 4.0 mln vs loss 446,000
+    Revs 58.9 mln vs 70.3 mln
+    NOTE:1986 net includes gain of 40 cts from discontinued
+operations. 1985 net includes gain of 22 cts from discontinued
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="591" NEWID="12363">
+<DATE> 1-APR-1987 17:31:57.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2617&#31;reute
+u f BC-CANADA,-JAPAN-TRADING   04-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA, JAPAN TRADING FIRM AGREE TO BOOST TIES</TITLE>
+<DATELINE>    OTTAWA, April 1 - </DATELINE><BODY>The federal government and the Japanese
+trading company, C. Itoh and Co Ltd, have signed a letter of
+understanding to try and boost trade ties between the two
+countries, the Industry department said.
+    The two parties have agreed to encourage direct Japanese
+investment in Canada, bilateral trade, and more joint ventures
+and licensing accords between Canadian and Japanese companies.
+    C. Itoh has just begun a trade mission in Canada to
+investigate trading opportunities in the aerospace, autoparts
+electronics and other sectors and will visit some 30 leading
+companies across Canada. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="592" NEWID="12364">
+<DATE> 1-APR-1987 17:36:48.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2623&#31;reute
+u f BC-AMERICAN-HOIST-AND-DE   04-01 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN HOIST AND DERRICK CO &lt;AHO> 1ST QTR NET</TITLE>
+<DATELINE>    SAINT PAUL, Minn., April 1 - </DATELINE><BODY>Qtr ended March 14.
+    Shr profit 32 cts vs loss 1.30 dlrs
+    Net profit 2,704,000 vs loss 7,589,000
+    Rev 105.2 mln vs 82.3 mln
+    NOTE: Qtr net includes extraordinary gain of 1.1 mln dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="593" NEWID="12365">
+<DATE> 1-APR-1987 17:37:39.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2624&#31;reute
+r f AM-WEDTECH---1STLD   04-01 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIMON INDICTED IN WEDTECH &lt;WDT> CASE</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Stanley Simon was charged with
+extorting 50,000 dlrs from a defense contractor in the first
+indictment in a corruption probe involving two Congressmen, a
+former aide to President Reagan and other government officials.
+    Simon, who resigned last month as Bronx Borough President,
+was accused of extorting the money and forcing the now bankrupt
+contractor, the Wedtech Corp., to hire his brother-in-law and
+then give him raises.
+    Simon is also accused of perjury and forcing one of his
+employees to pay him 14,000 dlrs in salary kickbacks.
+    He is the first public official to be indicted for
+demanding money from Wedtech, a minority-owned company that
+builds pontoon bridges for the Defense Department.
+    "Wedtech was one of the success stories in the Bronx, but
+the company was manipulated and raped," Thomas Scheer, the head
+of the FBI's New York office, said of the payoffs the company
+allegedly made to win contracts.
+    Wedtech executives have said they paid bribes to about 20
+government officials.
+    Law enforcement sources say two Bronx congressmen, Mario
+Biaggi and Robert Garcia, are under investigation.
+    A special federal prosecutor has been appointed to
+determine whether former Reagan aide Lyn Nofziger acted
+improperly when he became a Wedtech consultant four months
+after leaving the White House.
+    Nofziger was given up to 1 mln dlrs in Wedtech stock.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="594" NEWID="12366">
+<DATE> 1-APR-1987 17:39:30.41</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2627&#31;reute
+r f BC-ny-grain-freights   04-01 0070</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. GRAIN FREIGHTS - April 1
+    Tradax took Y.S. Tonnage 52,000 tonnes U.S. Gulf to Japan
+early May dates 16.00 dlrs 11 days all purposes
+    Tradax took Dimitrios 76,000 tonnes any grains 4,952,000
+grain cubics U.S. Gulf to Holland May 1-10 8.50 dlrs 12 days
+all purposes
+    ADM took Ymuiden Maru 93,500 tonnes DWCC 4,726,937 grain
+cubics U.S. Gulf to Holland April 20-30 lumpsum 675,000 dlrs 11
+days all purposes
+    Dreyfus took Golden Crown 20,000 tonnes U.S. Gulf to East
+Coast Mexico April 6-10 10.00 dlrs 1,500 discharge
+    Marubeni took NYK TBNs 52,000 tonnes HSS seven times U.S.
+Gulf to Japan July 1987-January 1988 dates 14.25 dlrs 9,000
+load 6,500 discharge
+ reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="595" NEWID="12367">
+<DATE> 1-APR-1987 17:41:44.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2633&#31;reute
+r f BC-PROPOSED-OFFERINGS   04-01 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Allied Supermarkets Inc &lt;ASU> - Offering of 140 mln dlrs of
+senior subordinated discount debentures due 1999 and 100 mln
+dlrs of subordinated debentures due 2001 through Drexel Burnham
+Lambert Inc and Donaldson, Lufkin and Jenrette Securities Corp.
+    Integrated Resources Inc &lt;IRE> - Offering of 150 mln dlrs
+of senior notes, with 50 mln dlrs due April 15, 1990, 50 mln
+dlrs due April 15, 1992 and 50 mln dlrs due April 15, 1995, all
+through Drexel Burnham Lambert Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="596" NEWID="12368">
+<DATE> 1-APR-1987 17:43:45.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2642&#31;reute
+r f BC-american-barrick   04-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN BARRICK &lt;ABX> SELLS COAL ASSETS</TITLE>
+<DATELINE>    TORONTO, April 1 - </DATELINE><BODY>American Barrick Resources Corp said it
+sold two coal supply agreements and certain mining equipment,
+representing substantially all of the assets of its two Ohio
+coal mines, to Peabody Coal Co, of Kentucky.
+    Terms were not disclosed.
+    Proceeds from the sale combined with the sale of the
+company's remaining coal assets should result in full recovery
+of its investments in the operations, the company said without
+further elaborating.
+    The sale will complete the planned disposition by American
+Barrick of all its non-gold assets, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="597" NEWID="12369">
+<DATE> 1-APR-1987 17:46:02.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM Y
+&#22;&#22;&#1;f2651&#31;reute
+u f BC-mexico-recieves-first   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO RECIEVES FIRST 250 MLN DLRS OF JAPAN LOAN</TITLE>
+<DATELINE>    Mexico city, april 1 - </DATELINE><BODY>mexico today received the first 250
+mln dlrs of a 500 mln dlr credit from japan's eximbank aimed at
+financing a mexican oil pipeline project, the finance ministry
+announced.
+    The funds will be used in the 700 mln dlr pacific petroleum
+project, which includes the construction of a 267-klm
+(160.2-mile) pipeline connecting nuevo teapa in the oil-rich
+state of veracruz and salina cruz, oaxaca on the pacific coast.
+The project aims to facilitate mexican oil exports to japan and
+the far east and is expected to be completed in three years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="598" NEWID="12370">
+<DATE> 1-APR-1987 18:10:51.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2658&#31;reute
+u f AM-UPI   04-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UPI PRESIDENT RESIGNS AFTER FIVE MONTHS</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>United Press International  announced
+that Milton Benjamin had resigned as company president and the
+news agency's chairman, Mario Vazquez-Rana, a Mexican newspaper
+owner, would take over his duties.
+    The agency, which emerged from bankruptcy court protection
+when Vazquez-Rana bought it for 41 mln dlrs last June, has had
+four presidents over the past year.
+    Benjamin, who had served in the post since last November,
+said he was stepping down because restoring UPI would take a
+greater financial investment than he had envisaged and
+Vasquez-Rana thus wished to take direct control.
+    "In recent weeks, Mario (Vazquez-Rana) has indicated that in
+light of the increased investment, he wants to devote even more
+time to UPI and to play a more direct role in managing its
+financial affairs," Benjamin said in a statement.
+    Benjamin said he would return to his consulting firm of
+Anderson, Benjamin, Read and Haney Inc., which he founded in
+1984. He left the firm on November six last year to take over
+as president of UPI.
+    Besides Benjamin and Vazquez-Rana, the other presidents
+have been Luis Nogales, a California businessman who helped
+steer the agency through bankruptcy proceedings, and Maxwell
+McCrohon, former editor and managing editor of the Chicago
+Tribune.
+    Vazquez-Rana, who is both chairman and chief executive
+officer of UPI, is the publisher of a successful chain of 62
+newspapers in Mexico, chairman of the Mexican Olympics
+Committee and chairman of the worldwide Association of National
+Olymnpics committees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="599" NEWID="12371">
+<DATE> 1-APR-1987 18:11:48.24</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2662&#31;reute
+u f BC-ny-tankers   04-01 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. TANKERS - April 1
+    Citgo took West Virginia 62,000 tons dirty April 9
+Caribbean to U.S. Gulf worldscale 63
+ reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="600" NEWID="12372">
+<DATE> 1-APR-1987 18:12:36.26</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>sugar</D><D>carcass</D><D>livestock</D><D>groundnut</D><D>oilseed</D><D>cotton</D><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2665&#31;reute
+u f BC-/U.S.-HOUSE-PANEL-EXT   04-01 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PANEL EXTENDS EEP, URGES USSR OFFER</TITLE>
+<DATELINE>    WASHINGTON, APRIL 1 - </DATELINE><BODY>The U.S. House Agriculture Committee
+approved proposals to extend the life of the Export Enhancement
+Program, EEP, through fiscal 1990 and urged the Reagan
+administration offer EEP wheat to the Soviet Union.
+    The proposals were approved as amendments to a
+comprehensive trade bill moving through Congress this year.
+    In addition to the amendments on EEP, the committee
+approved several proposals which could restrict imports of
+lamb, casein, sugar-containing products and tobacco. Those
+amendments affecting imports face an uncertain future because
+the House Ways and Means Committee, which has overall
+jurisdiction over trade legislation, will oppose them,
+Congressional sources said.
+    The effect of the EEP amendments would be to extend the
+life of the program five years through fiscal 1990 rather than
+the current three years through fiscal 1988.
+    The amendments, offered by Rep. Dan Glickman, D-Kan., also
+would increase funding for the program to 2.5 billion dlrs from
+1.5 billion now.
+    Furthermore, the committee passed an amendment offered by
+Rep. Glickman which instructs the U.S. Agriculture Department
+to value EEP bonus commodities at market value, not acquisition
+value. Glickman said the change would make the program 30 pct
+less expensive to operate.
+    The provision on EEP wheat to the Soviet Union, offered by
+Rep. Bob Smith, R-Ore., does not require the administration
+make an offer, but urges such action.
+    The committee approved an amendment, offered by Rep. Glenn
+English, D-Okla., requiring the Secretary of Agriculture to
+begin discussions with other major grain producing countries
+aimed at jointly reducing world grain production.
+    Trade Representative Clayton Yeutter yesterday opposed the
+amendment, saying such commodity agreements do not work.
+    Among the host of amendments to restrict imports approved
+by the panel, the most significant would require quotas on
+imports of goods containing more than 25 pct of a bulk farm
+product that is subject to U.S. quotas. The amendment, offered
+by Rep. Arlan Stangeland, R-Minn., is aimed primarily at
+curbing imports from Canada of products containing sugar and
+foreign foods containing dairy products. It also may affect
+peanut, cotton and tobacco imports, Committee sources said.
+    Another amendment would place a quota on U.S. imports of
+casein, a dairy product shipped to the U.S. primarily by New
+Zealand and Ireland.
+    The panel also voted to apply to lamb imports the same
+countercyclical import quota law which is operating for U.S.
+beef imports.
+    Other miscellaneous amendments included:
+    -- Urging the administration consider retaliating against
+Japan and South Korea if those countries do not remove
+restrictions on beef imports.
+    -- Boosting the amount of U.S. grain which must be shipped
+each year under a food aid program called Section 416 to
+800,000 tonnes from 500,000 tonnes now.
+    -- Requiring the Agriculture Secretary conduct a study of
+the Canadian Wheat Board import licensing system for wheat to
+determine if it is a non-tariff trade barrier.
+    -- Requiring the Agriculture Secretary reimburse the
+National Corn Growers Association up to 500,000 dlrs for the
+costs of defending the U.S. feedgrains program against a
+Canadian countervailing duty case this year.
+    -- Urging the administration oppose the Canadian decision
+to apply a duty on U.S. corn imports, and a proposal by the
+European Community to apply a vegetable oils tax.
+    -- USDA conduct a study of the findings of a National
+Commission on Agricultural Export Policy, which recommended a
+reorganization of USDA's trade policy apparatus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="601" NEWID="12373">
+<DATE> 1-APR-1987 18:13:59.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2672&#31;reute
+u f BC-CORRECTED---GM-&lt;GM>-T   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - GM &lt;GM> TO IDLE SIX PLANTS</TITLE>
+<DATELINE>    DETROIT, April 1 - </DATELINE><BODY>General Motors Corp will idle six of its
+car assembly plants next week, temporarily laying off 21,600
+workers, according to spokespersons for the company's groups.
+    The automaker will shut three plants each in its two
+groups--the Buick-Oldsmobile-Cadillac group and the
+Chevrolet-Pontiac-GM of Canada group.
+    The plants will be closed for a week starting April six for
+inventory adjustment.
+    Five of the plants are located in the United States. The
+sixth is in Canada. - corrects the date of the plant closings.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="602" NEWID="12374">
+<DATE> 1-APR-1987 18:14:08.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2673&#31;reute
+r f BC-novamin-board-to-reco   04-01 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVAMIN BOARD TO RECOMMEND BREAKWATER &lt;BWRLF> BID</TITLE>
+<DATELINE>    Vancouver, British Columbia, April 1 - </DATELINE><BODY>&lt;Novamin Inc> said
+its board will recommend to shareholders the takeover offer
+made by Breakwater Resources Ltd.
+    Breakwater is offering to exchange one Breakwater share for
+each two shares of Novamin, the company said.
+    Breakwater will issue about 3.7 mln shares for all Novamin
+shares presently issued and outstanding. Additional shraes of
+Breakwater will be issued if warrants and options of Novamin
+are exercised.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="603" NEWID="12375">
+<DATE> 1-APR-1987 18:14:22.31</DATE>
+<TOPICS><D>meal-feed</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2675&#31;reute
+d f BC-U.S.-FEED-SITUATION-S   04-01 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FEED SITUATION SUMMARY REPORT DELAYED</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>The U.S. Agriculture Department said
+its summary report on the Feed Situation and Outlook, scheduled
+for release April 24, has been delayed until May 15.
+    The department said the delay will enable analysts to
+incorporate into the report USDA's first supply and demand
+estimates for the 1987/88 marketing year and data on farm
+program participation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="604" NEWID="12376">
+<DATE> 1-APR-1987 18:14:42.35</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f2677&#31;reute
+d f BC-EXOTIC-NEWCASTLE-DISE   04-01 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXOTIC NEWCASTLE DISEASE IN MD/NEW YORK-USDA</TITLE>
+<DATELINE>    WASHINGTON, April 1 - </DATELINE><BODY>Exotic Newcastle, a highly contagious
+disease of pet birds and poultry, has been confirmed in two
+pet-bird dealer facilities in Maryland, and New York, the U.S.
+Agriculture Department said.
+    The department said no domestic poultry are involved in the
+outbreak.
+    State quarantines have been placed on the two facilities,
+in Hunt Valley, Maryland, and Schenectady, New York.
+    The most serious U.S. outbreak of the disease occurred in
+1971-73 in southern California, where the disease spread from
+infected pet birds to a dense poultry population and nearly 12
+mln birds, mostly laying hens, were destroyed at a cost of 56
+mln dlrs, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="605" NEWID="12377">
+<DATE> 1-APR-1987 18:17:30.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>sprinkel</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2684&#31;reute
+u f BC-SPRINKEL-DENOUNCES-PR   04-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPRINKEL DENOUNCES PROTECTIONISM</TITLE>
+<DATELINE>    LOS ANGELES, April 1 - </DATELINE><BODY>Beryl Sprinkel, Chairman of
+President Reagan's Council of Economic Advisors, denounced
+protectionism as a means of addressing the U.S.s' mounting
+trade imbalance and said stepped-up ecomonic growth would be a
+more effective means of reducing the deficit.
+    "Rather than risking the outbreak of protectionism we
+should strive to reduce trade restrictions and to promote a
+more open system of international trade," Sprinkel said.
+    Sprinkel, in a speech delivered to the Los Angeles Chamber
+of Commerce, also said the budget deficit must be reduced
+through lower government spending in order to promote growth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="606" NEWID="12378">
+<DATE> 1-APR-1987 18:18:34.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2686&#31;reute
+u f BC-NEWMONT-MINING-CORP-R   04-01 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWMONT MINING CORP REDUCES STAKE IN PEABODY</TITLE>
+<DATELINE>    NEW YORK, APril 1 - </DATELINE><BODY>Newmont Mining Corp said it completed
+the previously announced reduction of its share in &lt;Peabody
+Holding Co Inc> to 49.97 pct from 61.47 pct.
+    Newmont realized 116.8 mln dlrs in the transaction.
+    For 1986, Newmont reported net income of 74.2 mln dlrs.
+Peabody, the largest coal producer in the U.S., had net income
+of 100.8 mln dlrs on sales of 1.4 billion dlrs in 1986.
+    Newmont doubled its ownership in Peabody in January by
+purchasing 30.74 pct interest held by the Williams Cos for 320
+mln dlrs.
+    The reduction resulted from completion of an earlier
+announced agreement by Peabody to sell a 15.01 pct interest in
+the company to Eastern Gas and Fuel Associates in exchange for
+all the coal properties owned by Eastern.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="607" NEWID="12379">
+<DATE> 1-APR-1987 18:20:37.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2688&#31;reute
+d f BC-MR.-GASEKT-CO-&lt;MRGC>   04-01 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MR. GASEKT CO &lt;MRGC> 3RD QTR DEC 31</TITLE>
+<DATELINE>    CLEVELAND, April 1 -
+    </DATELINE><BODY>Shr loss 26 cts vs profit eight cts
+    net loss 2.8 mln vs profit 897,000
+    Revs 27.0 mln vs 30.0 mln
+    Nine months
+    Shr loss 51 cts vs profit 46 cts
+    Net loss 5.4 mln vs profit 4.9 mln
+    Revs 88.4 mln vs 99.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="608" NEWID="12380">
+<DATE> 1-APR-1987 18:22:20.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2689&#31;reute
+d f BC-DELTAUS-CORP-&lt;DLTA>-Y   04-01 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTAUS CORP &lt;DLTA> YEAR</TITLE>
+<DATELINE>    TYLER, Texas, April 1 -
+    </DATELINE><BODY>Shr loss 64 cts vs loss 1.70 dlrs
+    Net loss 13.4 mln vs loss 35.6 mln
+    REvs 47.9 mln vs 72.1 mln
+    NOTE:1985 includes loss of 941,000 from discontinued
+operations and 5.8 mln dlrs from disposal of net asset solds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="609" NEWID="12381">
+<DATE> 1-APR-1987 18:23:41.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2691&#31;reute
+r f BC-CME-POSTS-RECORD-TRAD   04-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME POSTS RECORD TRADING VOLUME IN FIRST QUARTER</TITLE>
+<DATELINE>    CHICAGO, April 1 - </DATELINE><BODY>The Chicago Mercantile Exchange (CME)
+traded a record 19,656,498 contracts in the first quarter of
+1987, up 17 pct from 16,768,145 in the same quarter last year.
+    The previous record for quarterly volume total was
+established in the third quarter of 1986, when 18,106,452
+futures and options were traded at the CME.
+    The record volume for January through March of 1987
+included 16.7 mln futures contracts -- up 12 pct compared to
+14,918,036 in the 1986 quarter -- and three mln options
+contracts, up 61 pct over 1,850,109 in the 1986 quarter.
+    Total trading volume for March reached 6,750,431 contracts,
+up from 5,522,932 in March 1986 for a 22 pct increase and the
+highest March total ever. Trading in options on futures in
+March exceeded previous records, with 1,015,327 contracts
+traded compared to 586,471 in March 1986. The previous record
+was established in January with 990,010 options contracts
+traded.
+    March volume included a record 2,247,513 currency futures
+and options contracts, compared to 2,040,642 a year ago. The
+previous single-month high of 2,216,682 currency futures and
+options traded was in September 1986.
+    In currency futures, Canadian dollar futures soared to a
+record 147,010 contracts traded in March, up 83.2 pct over the
+80,256 contracts traded in March 1986. West German mark
+futures, however, slipped 15.8 pct in March with 561,830
+contracts traded compared to 667,041 traded in March 1986.
+    Among interest rate futures, Eurodollar futures contracts
+increased 90.6 pct to 1,196,731 compared to 627,895 in March
+1986.
+    The Standard and Poor's 500, the second most actively
+traded futures contract anywhere, traded 1,780,538 contracts in
+March, up 4.9 pct from 1,696,912 in March 1986.
+    Major gains in agricultural futures were posted in March by
+live hog contracts, up 52 pct to 172,710 contracts from 113,660
+a year ago. Live cattle contracts reached 474,156 in March, up
+16.2 pct from 408,170 a year ago.
+    Trading in options on futures also was up strongly.
+Agricultural options on futures soared 142.7 pct in March to
+123,643 contracts, up from 50,938 a year ago. Currency options
+were up 69.2 pct to 469,695 contracts from 277,627 a year ago.
+Interest rate options climbed 81.3 pct to 217,127 from 119,738
+a year ago. And equity options rose 48.3 pct to 204,862
+contracts from 138,168 a year ago.
+    In addition, March trading included two single-day volume
+records: British pound futures traded 35,960 contracts March 9
+compared to 33,269 February 19, and Canadian dollar futures
+traded 20,905 contracts March 11 compared to the previous
+record of 12,456 set May 12, 1982.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="610" NEWID="12382">
+<DATE> 1-APR-1987 18:23:49.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2692&#31;reute
+d f BC-DEROSE-INDUSTRIES-INC   04-01 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEROSE INDUSTRIES INC &lt;DRI> 4TH QTR</TITLE>
+<DATELINE>    TAMPA, Fla, April 1 -
+    </DATELINE><BODY>Shr loss 56 cts vs loss 71 cts
+    Net loss 809,000 vs loss 1.0 mln
+    Revs 5.3 mln vs 5.3 mln
+    Year
+    Shr loss 1.51 dlrs vs profit 61 cts
+    Net loss 2.2 mln vs loss 2.3 mln
+    Revs 26.5 mln vs 29.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="611" NEWID="12383">
+<DATE> 1-APR-1987 18:24:01.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2693&#31;reute
+u f BC-REVLON-GROUP-&lt;REV>-RE   04-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REVLON GROUP &lt;REV> REPORTS 1986 RESULTS</TITLE>
+<DATELINE>    New York, April 1 - </DATELINE><BODY>Revlon Group Inc told the Securities
+and Exchange Commission it had net profits of 16,465,000 on
+sales of 1.61 billion dlrs for the year ended Dec. 31, 1986.
+    Revlon in a filing with the SEC compared the results to the
+five months ending Dec. 31, 1985. In that period, it lost 28.4
+mln dlrs on sales of 262.4 mln dlrs.
+    Earlier today, MacAndrews and Forbes Group Inc began an
+18.50 dlr a share cash offer for all common stock of Revlon it
+does not own. Revlon today rose 3/8 to 19-1/4 in active
+trading. MacAndrews controls 31.8 pct of the voting power.
+
+    For 1986, Revlon said the loss applicable to common stock
+after preferred dividends is 9.5 mln dlrs. The net loss per
+share was 24 cts, compared to a net loss of 99 cts per share
+last year.
+    Revlon said it had a 1986 operating profit of 64.3 mln
+dlrs, compared to a loss of 13.3 mln dlrs in the year earlier
+period.
+    The 1986 net includes a provision for estimated loss on
+dispositions of 57.0 mln dlrs, compared to 15.1 mln dlrs the
+year earlier. Earnings in 1986 before extraordinary items were
+7.4 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="612" NEWID="12384">
+<DATE> 1-APR-1987 18:25:41.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2698&#31;reute
+r f BC-gm-canada-sets-one-we   04-01 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> CANADA SETS ONE-WEEK LAYOFF</TITLE>
+<DATELINE>    Oshawa, Ontario, April 1 - </DATELINE><BODY>General Motors of Canada Ltd, a
+unit of General Motors Corp, said about 1,600 hourly-rated
+employees at the Oshawa plant will be laid off for one week due
+to high inventories.
+    The workers affected produce the Oldsmobile Ciera and
+Pontiac 6000 models, a spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="613" NEWID="12385">
+<DATE> 1-APR-1987 18:26:04.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2700&#31;reute
+d f BC-HUGHES-&lt;GMH>-ELECTS-C   04-01 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES &lt;GMH> ELECTS CHAIRMAN</TITLE>
+<DATELINE>    LOS ANGELES, APril 1 - </DATELINE><BODY>General Motors Corp's Hughes
+Aircraft Co said it named Albert Wheelon as chairman and chief
+executive officer, succeeding Allen Puckett who retired after
+more than 38 years with the company.
+    Wheelon has served in key management positions at Hughes
+since joining in 1966.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="614" NEWID="12386">
+<DATE> 1-APR-1987 18:26:30.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2702&#31;reute
+w f BC-LIFETIME-&lt;LFT>-EXCHAN   04-01 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFETIME &lt;LFT> EXCHANGE OFFER ACCEPTED</TITLE>
+<DATELINE>    NEW YORK, APril 1 - </DATELINE><BODY>LIfetime Corp said Retirement Housing
+Corp has accepted its previously announced acquisition offer.
+    Retirement will operate autonomously as a separate
+subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="615" NEWID="12387">
+<DATE> 1-APR-1987 18:29:03.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2704&#31;reute
+r f BC-GAF-&lt;GAF>-DEBT-MAY-BE   04-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAF &lt;GAF> DEBT MAY BE DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Standard and Poor's Corp said it may
+downgrade GAF Corp's 415 mln dlrs of BB-minus senior debt and
+B-rated subordinated debt.
+    S and P cited GAF's 3.2 billion dlr acquisition offer for
+Borg-Warner Corp &lt;BOR>. Pro forma, debt leverage would rise to
+nearly 90 pct, assuming total financing. But proceeds from
+asset sales would probably pay down debt, the agency noted.
+    Borg-Warner's 420 mln dlr A-plus senior debt and A-1
+commercial paper were placed on creditwatch December one. S and
+P said it will review the timing and extent of asset sales,
+debt reduction and strategic benefits of the purchase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="616" NEWID="12388">
+<DATE> 1-APR-1987 18:31:23.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2705&#31;reute
+r f BC-MIDDLE-SOUTH-&lt;MSU>-UN   04-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDDLE SOUTH &lt;MSU> UNIT PLANS TO RETIRE DEBT</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>System Energy Resources Inc, a unit of
+Middle South Utilities Inc, said it plans to file with the
+Securities and Exchange Commission a request for authorization
+to retire a number of outstanding first mortgage bonds.
+    It plans to buy back up to 300 mln dlrs of 16 pct first
+mortgage bonds due 2000 and up to 100 mln dlrs of 15-3/8 pct
+mortgage bonds of 2000.
+    To refinance the redemptions, System Energy said it would
+ask the SEC for approval to issue up to 300 mln dlrs of new
+first mortgage bonds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="617" NEWID="12389">
+<DATE> 1-APR-1987 18:35:05.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2709&#31;reute
+u f BC-MANUFACTURERS-&lt;MHC>-P   04-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURERS &lt;MHC> PUTS BRAZIL ON NON-ACCRUAL</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Manufacturers Hanover Corp said it
+placed 1.4 billion dlrs of medium- and long-term loans to
+Brazilian borrowers on non-accrual as of yesterday, meaning
+that income will be recorded only when actual cash payments are
+received.
+    As a result, net income for the first quarter will be
+reduced by 18 mln dlrs.
+    If Brazil, which suspended interest payments on its term
+debt on February 20, continues to defer interest payments for
+the rest of the year, net income for the whole of 1987 would be
+reduced by a total of 72 mln dlrs.
+    U.S. bank accounting guidelines do not require loans to be
+placed on nonaccrual unless interest payments are past due 90
+days or more.  However, Manufacturers Hanover said that, in
+light of current circumstances, it was more appropriate to
+record income on its Brazilian loans only when cash payments
+were received.
+    It added that it believes Brazil will reach agreement with
+its banks on a debt restructuring and that all interest
+payments will be received later in 1987.
+    The company earned 102.1 mln dlrs in first-quarter 1986 and
+410.7 mln dlrs for the whole of the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="618" NEWID="12390">
+<DATE> 1-APR-1987 18:35:12.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2710&#31;reute
+r f BC-galveston-to-acquire   04-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GALVESTON TO AQUIRE MINE PROPERTY INTERESTS</TITLE>
+<DATELINE>    TORONTO, April 1 - </DATELINE><BODY>&lt;Galveston Resources Ltd> said it agreed
+in principle for an option to earn up to a 50 pct interest from
+&lt;Hemlo Gold Mines Inc> in certain mining properties known as
+the Interlake Property, subject to regulatory approvals.
+    Galveston said it will earn up to a 50 pct interest by
+spending a minimum of one mln dlrs in exploration and
+development work by December 31, 1989.
+    It expects work will commence shortly and continue during
+the 1987 exploration season.
+    Galveston also said it granted Hemlo Gold options to
+acquire up to two mln Galveston shares.
+    It said the options can be exercised at 10 dlrs a share up
+to December 31, 1987, then at 12.50 dlrs a share until December
+31, 1988, and then at 15 dlrs a share until December 31, 1989.
+    Separately, Galveston said it agreed in principle with
+&lt;Noranda Inc> unit Noranda Explorations Ltd for an option to
+earn up to a 50 pct interest in a major mineral property
+located at the Baie Verte Peninsula, Newfoundland.
+    Galveston can earn a 50 pct interest by spending six mln
+dlrs in exploration and development work on the property by
+December 31, 1989.
+    The company also said it granted Noranda an option to
+purchase two mln Galveston shares.
+    The options can be exercised at 10 dlrs a share until
+December 31, 1987, then at 12.50 dlrs a share until December
+31, 1988, and then at 15 dlrs a share until December 31, 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="619" NEWID="12391">
+<DATE> 1-APR-1987 18:36:56.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2714&#31;reute
+r f BC-&lt;OCELOT-INDUSTRIES-LT   04-01 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;OCELOT INDUSTRIES LTD> YEAR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, April 1 -
+    </DATELINE><BODY>Shr loss 15.29 dlrs vs loss 2.80 dlrs
+    Net loss 221.3 mln vs loss 40.4 mln
+    Revs 146.3 mln vs 260.7 mln
+    Note: 1986 loss includes extraordinary loss of 171.6 mln
+dlrs or 11.85 dlrs shr related to writedown of certain
+petrochemical assets and reduced by tax gain of 4.2 mln dlrs or
+28 cts shr.
+    1985 results restated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="620" NEWID="12392">
+<DATE> 1-APR-1987 18:40:14.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2717&#31;reute
+u f BC-mexico-recieves-first   04-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO RECIEVES FIRST 250 MLN DLRS OF JAPAN LOAN</TITLE>
+<DATELINE>    Mexico city, april 1 - </DATELINE><BODY>mexico received the first 250 mln
+dlrs of a 500 mln dlr credit from japan's eximbank to finance a
+mexican oil pipeline, the finance ministry announced.
+    The funds will be used in the 700 mln dlr pacific petroleum
+project, which includes the construction of a 267-km pipeline
+connecting nuevo teapa in the oil-rich state of veracruz and
+salina cruz, oaxaca, on the pacific coast.
+    The project aims to facilitate mexican oil exports to japan
+and the far east and is expected to be completed in three years.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="621" NEWID="12393">
+<DATE> 1-APR-1987 18:41:41.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2719&#31;reute
+d f BC-BRENTWOOD-&lt;BRWD>-FILE   04-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRENTWOOD &lt;BRWD> FILES SUIT</TITLE>
+<DATELINE>    TORRANCE, Calif, April 1 - </DATELINE><BODY>Brentwood Instruments Inc said
+it filed a lawsuit against the University of Utah for
+publishing evaluations of its Spiorscan 1000 pulmonary function
+testing instrument. Brentwood said in the suit the evaluations
+were misleading and has damaged its reputation.
+    The suit, which asks damages in excess of 90 mln dlrs,
+seeks an injunction against further publishing or distribution
+of evaluations.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1470" NEWID="12394">
+<DATE> 2-APR-1987 01:04:08.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0036&#31;reute
+u f BC-DEUTSCHE-BANK-SEES-SL   04-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE BANK SEES SLOW START TO 1987</TITLE>
+<DATELINE>    FRANKFURT, April 2 - </DATELINE><BODY>Deutsche Bank AG &lt;DBKG.F> has seen a
+slow start to 1987 after posting record profits in 1986,
+management board joint spokesman F. Wilhelm Christians said.
+    Credit business declined in the first few weeks of the
+year, and the interest margin was squeezed further. The weak
+German bourse saw earnings on commission fall sharply, and
+trading in securities also fell. But earnings from currency
+dealing were still satisfactory, he told a news conference.
+    Deutsche group partial operating profits rose to 3.78
+billion marks in 1986 from 2.92 billion in 1985 on a balance
+sheet of 257.22 billion marks after 237.23 billion.
+    Profits were swollen by earnings from the placement of the
+former Flick group, which have been estimated at some one
+billion marks, and from record profits in trading on the bank's
+own account, not included in partial operating profits.
+    Earnings from the Flick transaction were booked through a
+subsidiary, and therefore showed up as part of the interest
+surplus in a section current earnings from securities and
+participations.
+    In the group this nearly doubled to 2.64 billion marks from
+1.45 billion.
+    As usual the bank did not detail total operating profits.
+    But it said that total operating profits, including own
+account trading, rose 24.9 pct or 4.5 pct without the Flick
+transaction in the group, and 35.1 pct or seven pct in the
+parent bank.
+    Banking analysts said this put group total operating
+profits at some 6-1/2 to seven billion marks, and parent bank
+operating profits at over five billion marks.
+    Christians said Deutsche used the extraordinary earnings
+from Flick to pay a record five mark bonus on top of its
+unchanged 12 mark dividend.
+    The bank had decided against raising the dividend itself
+because of the uncertain business outlook at the end of 1986,
+and developments so far this year showed that was correct,
+Christians said.
+    West German banks rarely raise dividends unless they are
+sure they can maintain the increased payout in subsequent
+years, preferring to use bonuses for one-of profits.
+    The bank also used its extraordinary earnings to continue a
+high level of risk provision, Christians said.
+    Disclosed group risk provisions rose to 867 mln marks in
+1986 from 765 mln in 1985.
+    Under German law, disclosed provisions do not necessarily
+reflect the full amount of risk provisions.
+    Management board joint spokesman Alfred Herrhausen said
+Deutsche's total debt exposure to problem countries had fallen
+to over six billion marks in 1986 from 7.4 billion in 1985
+because of the fall in the dollar.
+    He agreed with a questioner who asked if over two thirds of
+such problem country debt had been written off.
+    Deutsche Bank posted a sharp rise in holdings of "other
+securities," to 4.64 billion marks from 2.71 billion in the
+parent bank.
+    Christians said this 1.93-billion-mark rise was partly due
+to its increased activity in international share placements,
+with some shares such as those from Fiat SpA's international
+placement last year remaining on its books.
+    Herrhausen said that no concrete measures were planned to
+place these shares and conclude the original placement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1471" NEWID="12395">
+<DATE> 2-APR-1987 01:08:04.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0043&#31;reute
+u f BC-DEUTSCHE-AGREES-FULL   04-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE AGREES FULL TAKEOVER OF FORMER EURASBANK</TITLE>
+<DATELINE>    FRANKFURT, April 2 - </DATELINE><BODY>Deutsche Bank AG &lt;DBKG.F> has agreed
+to take over the outstanding 25 pct in &lt;Deutsche Bank (Asia)
+AG>, the former &lt;European Asian Bank AG>, from
+Creditanstalt-Bankverein &lt;CABV.VI>, Deutsche management board
+joint spokesman Alfred Herrhausen told a news conference.
+    Euras broke even in 1986 and required no funding from
+Deutsche, he said. He gave no details of the deal with
+Creditanstalt.
+    Press reports that Deutsche was planning a takeover of
+Lloyds Bank plc &lt;LLOY.L> were without foundation, he said.
+    Herrhausen said Deutsche had taken part in the recent
+capital increase of &lt;Morgan Grenfell Group plc>, but had no
+plans to raise its 4.4 pct share in Morgan Grenfell.
+    &lt;Banca d'America e d'Italia SpA>, in which 98.3 pct was
+acquired from Bankamerica Corp &lt;BAC.N> late last year, would be
+consolidated this year, and contribute to further expansion of
+Deutsche's business, management board joint spokesman F.
+Wilhelm Christians said.
+    Following a ruling earlier this year from the Federal High
+Court, Deutsche had included its non-bank holdings in the
+balance sheet section "participations," Christians said.
+    But Christians said the bank still regarded shares in these
+non-bank companies as an investment rather than an active
+participation.
+    Parent bank total participations rose to 6.45 billion marks
+in 1986 from a comparable 4.57 billion in 1985 including a rise
+to 3.79 billion from 2.34 billion in bank participations.
+    Herrhausen said the grouping of holdings in the balance
+sheet in this was was not a first step to floating them off in
+a separate holding company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1472" NEWID="12396">
+<DATE> 2-APR-1987 01:09:20.02</DATE>
+<TOPICS><D>money-fx</D><D>interest</D><D>dlr</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0048&#31;reute
+u f BC-WORLD-RECESSION-UNLIK   04-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD RECESSION UNLIKELY - DEUTSCHE'S HERRHAUSEN</TITLE>
+<DATELINE>    FRANKFURT, April 2 - </DATELINE><BODY>A world recession is unlikely this
+year as fiscal and monetary policy in most industrialized
+countries is supporting the economy, Deutsche Bank AG &lt;DBKG.F>
+management board joint spokesman Alfred Herrhausen said.
+    But growth rates will be smaller than last year, with 1.5
+to 2.5 pct likely in most industrialized countries, he told a
+news conference.
+    Herrhausen said he was confident private consumption would
+support economic growth in West Germany this year, with net
+income increases turning into purchasing power as long as
+inflation did not revive.
+    Herrhausen said he did not expect interest rates to rise in
+West Germany this year, but there was little room for further
+falls. Rates in the U.S. were however rising, as evidenced by
+the latest prime rate moves, but this rise would be moderate.
+    Herrhausen said he did not expect any major narrowing of
+the U.S. Trade and budget deficits in the next few months.
+    One success of the Paris agreement in February to foster
+currency stability was that U.S. Officials have stopped talking
+down the dollar, he noted.
+    The recent stability would last until markets decided to
+test the resolve of central banks, he said.
+    He noted that central banks had spent some 10 billion dlrs
+this week to stabilize the dollar against the yen in the first
+such test.
+    "A massive attack on the mark, which could come if we get
+bad news out of the U.S., Would require a much higher
+intervention amount, raising the danger of inflation," he said.
+    Turning to the international debt problem, Herrhausen said
+Brazil's unilateral debt moratorium had surprised banks.
+    But the move showed that a real solution to debt problems
+was only possible with the involvement of all parties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1473" NEWID="12397">
+<DATE> 2-APR-1987 01:19:02.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0054&#31;reute
+u f BC-SINGAPORE-BANKS-SAY-D   04-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE BANKS SAY DIVERSIFICATION KEY TO GROWTH</TITLE>
+<AUTHOR>    By Tay Liam Hwee, Reuters</AUTHOR>
+<DATELINE>    SINGAPORE, April 2 - </DATELINE><BODY>Singapore's major banks are
+diversifying and gradually shifting their asset holdings from
+loans to debt instruments, banking sources said.
+    The banks following the trend are the &lt;Overseas Union Bank
+Ltd>, &lt;United Overseas Bank Ltd>, &lt;Oversea-Chinese Banking
+Corporation> and the &lt;Development Bank of Singapore Ltd>.
+    The shift towards securitisation has been helped by
+volatile financial markets which have developed hedging
+facilities such as floating rate notes and bonds for risk
+management, said Overseas Union General Manager Loh Hoon Sun.
+    Loh told Reuters in an interview that Singapore banks see
+limited growth in credit risk. More and more of them are
+switching from term lending to major growth areas such as
+stockbroking and fee based income, he said.
+    Major local banks ventured into stockbroking after being
+granted seats on the stock exchange. Bankers said they are now
+moving into the new government securities market and the Stock
+Exchange of Singapore Dealing and Quotation System.
+    One foreign banker said the Development Bank and the
+Overseas Union Bank Ltd have become major players in the equity
+market in Singapore.
+    Loh said the banks' participation in the stock market has
+increased business transactions and provided long term growth
+for the market. The banks are not competition for individual
+stockbroking firms because of the increased business they
+generate, he added.
+    Loh said the Stock Exchange of Singapore might expand
+equity issues by as much as one billion dlrs this year because
+of the increasing ability of foreign and local market
+participants to absorb new issues.
+    Loh said &lt;OUB Investment management Ltd>, a subsidiary of
+the Overseas Union Bank Ltd, has teamed up with a U.K. Firm to
+launch the Union Global Fund. The fund is for local investors
+seeking capital growth through a diversified international
+portfolio. It will invest in international shares with the
+emphasis on U.S. And Japanese markets, he said.
+    &lt;DBS Securities Singapore Pte Ltd>, a subsidiary of the
+Development Bank of Singapore, has applied to the Hong Kong
+Stock Exchange to set up a Hong Kong stockbroking firm.
+    Loh predicted fixed deposit and prime interest rates in
+Singapore will stay low this year. As a result, banks will be
+forced to provide fund management services for major clients
+seeking better returns, he said.
+    Economic analysts and bankers are optimistic the major
+banks will show profits in 1987, helped by higher income from
+treasury and investment banking activities.
+    They expect the 1987 after-tax profits of Oversea-Chinese
+and United Overseas to show stable growth of four to eight pct
+against respective gains of four and seven pct in 1986.
+    Overseas Union's profits are expected to jump to over 40
+mln dlrs from seven mln dlrs in 1986, economists said.
+    The Development Bank's after-tax profits rose 39.2 pct in
+1986 mainly due to a dividend of 20.4 mln dlrs paid by
+&lt;National Discount Company Ltd> before it became a subsidiary
+of the bank, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1474" NEWID="12398">
+<DATE> 2-APR-1987 02:08:19.21</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0097&#31;reute
+u f BC-WESTPAC-IN-N.Z.-RAISE   04-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTPAC IN N.Z. RAISES INDICATOR LENDING RATE</TITLE>
+<DATELINE>    WELLINGTON, April 2 - </DATELINE><BODY>Westpac Banking Corp in New Zealand
+said it will increase its indicator lending rate by 1.5
+percentage points to 22.5 pct from April 7.
+    Westpac said in a statement the increase reflects high
+costs of funding.
+    The bank said nervousness in the wholesale deposit market
+is creating uncertainty about the immediate outlook for
+interest rates. Liquidity is expected to remain tight over the
+next month and this will put upward pressure on interest rates.
+Base lending indicator rates of the other three trading banks
+range between 21.0 pct and 21.5 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1475" NEWID="12399">
+<DATE> 2-APR-1987 02:09:08.70</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0099&#31;reute
+u f BC-THAI-TRADERS-OPPOSE-R   04-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI TRADERS OPPOSE REIMPOSITION OF COFFEE QUOTAS</TITLE>
+<DATELINE>    BANGKOK, April 2 - </DATELINE><BODY>Thai coffee exporters said they hoped
+the International Coffee Organisation (ICO) would not reimpose
+export quotas even though this may lead to a further slump in
+world prices.
+    Susin Suratanakaweekul, president of the Thai Coffee
+Exporters Association, told Reuters that Thailand obtained
+little benefit from previous ICO quotas which represented only
+about 30 pct of its total annual exports.
+    Thailand expects increased overall coffee export revenue if
+there are no restrictions on sales to current ICO members who
+offer higher prices than non-members, he said.
+    The Customs Department said Thailand exported 21,404 tonnes
+of coffee last year, up from 20,602 in 1985.
+    Thai coffee production is projected to fall to about 25,000
+tonnes in the 1986/87 (Oct/Sept) season from 28,000 the
+previous year.
+    However, a senior Commerce Ministry official said the Thai
+government supports coffee producers' lobbying for reimposed
+ICO quotas which, he said, would help lift world prices.
+    Somphol Kiatpaiboon, director general of the Commercial
+Economics Department, said an absence of ICO quotas would
+encourage producers to rapidly release coffee on to the market,
+further depressing prices.
+    He said Indonesia is expected to export a substantial
+amount of coffee this month without such restrictions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1476" NEWID="12400">
+<DATE> 2-APR-1987 02:37:24.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0153&#31;reute
+u f BC-SANWA-BANK-LOOKS-TO-S   04-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANWA BANK LOOKS TO SECURITIES, WORLD OPERATIONS</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>The &lt;Sanwa Bank Ltd's> three-year business
+plan foresees securities and international operations making a
+greater contribution to operating profits, a bank official
+said.
+    The bank's plan also emphasises retail and medium and
+small-sized business operations, he told Reuters.
+    Officials at &lt;Fuji Bank Ltd> and &lt;Mitsubishi Bank Ltd>
+outlined similar three-year plans.
+    They said lower interest rates and financial liberalisation
+have cut profits from dealings with big firms to nearly
+nothing.
+    "They don't need us, they can do their own financing," one
+official said.
+    Sanwa Bank's plan forecasts that securities and
+international operations will contribute 40 pct of total
+operating profits by the end of the fiscal year ending March,
+1990, compared with 30 pct in fiscal 1985, the Sanwa official
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1477" NEWID="12401">
+<DATE> 2-APR-1987 02:43:41.98</DATE>
+<TOPICS><D>trade</D><D>cocoa</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0165&#31;reute
+u f BC-JAPAN-DENIES-PLANS-TO   04-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DENIES PLANS TO CUT DUTIES ON CHOCOLATE</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>Agriculture Ministry officials said they
+are not considering cuts in import duties on chocolate to help
+ease friction with the United States over agricultural trade.
+    Japan has already lowered the duties sharply and we must
+consider domestic market conditions, an official said.
+    Duties on chocolate were cut to 20 pct from 31.9 pct in
+April 1983.
+    Washington has been demanding a cut to seven pct,
+equivalent to its own duties, ministry sources said.
+    Japanese chocolate imports rose to 8,285 tonnes in calendar
+1986 from 5,908 in 1985, official statistics show.
+    However, the ministry sources added it is possible the
+government may make further cuts in response to strong U.S. And
+European demand.
+    "Due to concern about the farm trade row with the U.S.,
+Top-level government officials may press the ministry to cut
+the duties," one said.
+    But he said it would be difficult for Japan to resolve its
+overall trade row with Washington and reduce its trade surplus,
+which reached 58.6 billion dlrs in 1986.
+    Agricultural trade issues between Japan and the U.S.
+Include Japanese import restrictions on 12 farm products.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1478" NEWID="12402">
+<DATE> 2-APR-1987 02:44:16.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0167&#31;reute
+u f BC-INDIAN-OIL-FIRM-GETS   04-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN OIL FIRM GETS 3.5 BILLION YEN CREDIT</TITLE>
+<DATELINE>    NEW DELHI, April 2 - </DATELINE><BODY>India's state-owned Oil India Ltd
+(OIL) said it received a 3.5 billion yen credit under an
+agreement signed with Dai Ichi Kangyo Bank of Tokyo last week.
+    A statement from OIL said the 10-year loan carries a rate
+of interest 0.5 pct below Japanese long term prime. The loan,
+to finance imports of plant, machinery and raw materials, will
+be repaid in nine equal instalments from the seventh year.
+    The credit is the first foreign commercial loan raised by
+OIL. It was arranged under a bilateral treaty to avoid double
+taxation, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1479" NEWID="12403">
+<DATE> 2-APR-1987 02:49:35.78</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0174&#31;reute
+f f BC-******   04-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German February industrial output rises 3.2 pct (January fall 3.4 pct) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1480" NEWID="12404">
+<DATE> 2-APR-1987 02:51:07.09</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0175&#31;reute
+u f BC-INTERNATIONAL-PACT-ON   04-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL PACT ON OZONE DAMAGE LIKELY IN 1987</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>An international protocol to severely
+limit the use of industrial chemicals which are believed to
+damage the earth's protective ozone layer could be signed this
+year, officials and scientists here said.
+    "By the end of this year, we should have an international
+protocol in place we can all be proud of," U.S. Environmental
+protection agency officer Bill Long told reporters.
+    The chemicals are chiefly chlorofluorocarbons (CFCs) which
+are used in refrigeration and making foam plastics, solvents
+and aerosols. The earth's upper ozone layer absorbs most of the
+harmful ultraviolet rays from the sun.
+    The officials and scientists were meeting in Tokyo, ahead
+of an international conference on the problem later this month
+in either Vienna, or Geneva, Long said.
+    Robert Watson, a program manager for atmospheric problems
+at the U.S. National Aeronautics and Space Administration said
+a protocol should demand an initial freeze on the use of CFCs
+by industry. This should be followed by a gradual reduction in
+CFC volume until no CFC gases are released into the air, he
+said. The U.S. Has already banned use of use CFCs in aerosols
+and Japan has asked for voluntary restraint, but both still use
+CFCs in industrial processes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1481" NEWID="12405">
+<DATE> 2-APR-1987 02:52:26.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0179&#31;reute
+u f BC-ASIAN-DEVELOPMENT-BAN   04-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIAN DEVELOPMENT BANK TO OPEN INDONESIA OFFICE</TITLE>
+<DATELINE>     MANILA, April 2 - </DATELINE><BODY>The Asian Development Bank (ADB) will
+open an office in Jakarta later this year to speed up work on
+Indonesian projects, bank Vice-President S. Stanley Katz said.
+    "We have very large projects in Indonesia and we would like
+to accelerate their implementation," Katz told Reuters.
+    Indonesia is the largest recipient of ADB lending. It
+received 118 loans worth 3.7 billion dlrs for 112 projects
+between 1968 and 1986, 19.0 pct of the ADB's total lending.
+Ordinary capital resources (OCR) lending to Indonesia was 3.6
+billion dlrs, 27.1 pct of OCR loans at end-December 1986.
+    Jakarta has also received loans worth 162 mln dlrs from the
+bank's Asian Development Fund.
+    ADB sources said Indonesia's cumulative disbursements at
+end-1986 amounted to only 1.1 billion dlrs or 30 pct of loans
+received. "Project implementation is very slow in Indonesia and
+we are not very satisfied with the pace. We hope the new office
+might help," Gunther Schulz, ADB Vice-President in charge of
+projects, said.
+    Planned projects were further slowed down in 1986 because
+of the country's budgetary problems, he added. Indonesia's
+revenue from oil exports was cut in half last year.
+    "Decision making is quite slow, complicated and very
+centralised," Schulz told Reuters.
+    Indonesian President Suharto set up a high-level team in
+July last year to speed up projects using ADB funds. ADB
+sources said bank staff have been stationed intermittently in
+Jakarta in response to government requests.
+    The Jakarta office will be the third ADB office outside its
+Manila headquarters. The bank has a resident office in Dhaka
+and a South Pacific regional office in Vanuatu.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1482" NEWID="12406">
+<DATE> 2-APR-1987 02:53:48.69</DATE>
+<TOPICS><D>money-fx</D><D>interest</D><D>stg</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0181&#31;reute
+b f BC-U.K.-MONEY-RATES-HARD   04-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY RATES HARDEN ON LAWSON CURRENCY TARGETS</TITLE>
+<DATELINE>     LONDON, April 2 - </DATELINE><BODY>Money market rates rates showed a harder
+edge after news U.K. Chancellor of the Exchequer Nigel Lawson
+has set a target for the pound against the mark and dollar, to
+be maintained by a mixture of interest rates and intervention
+in the foreign exchange markets.
+    Dealers said the market was surprised by the Chancellor's
+disclosure of sterling target rates, around 2.90 marks and 1.60
+dlrs, and nervous over the implications for domestic interest
+rates, further reducing the propects for a near term cut in
+U.K. Bank base rates. The key three months interbank sterling
+rate gained 1/16 point at 10 9-7/8 pct.
+    The pound opened three basis points lower at 71.3 in trade
+weighted terms, at around 1.59 dlrs and 2.91 marks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1483" NEWID="12407">
+<DATE> 2-APR-1987 02:54:02.22</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0183&#31;reute
+b f BC-GERMAN-INDUSTRIAL-OUT   04-02 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN INDUSTRIAL OUTPUT RISES 3.2 PCT IN FEBRUARY</TITLE>
+<DATELINE>    BONN, April 2 - </DATELINE><BODY>West German industrial production,
+seasonally adjusted, rose a provisional 3.2 pct in February
+after a downwards revised decline of 3.4 pct in January, the
+Economics Ministry said.
+    The ministry had originally estimated that industrial
+production fell 3.0 pct in January.
+    The February figure is likely to be revised upwards by just
+under one percentage point next month when the March figure is
+released, a ministry statement said.
+    The industrial production index, base 1980, stood at a
+provisional 104.1 in February against 100.9 in January and
+104.5 in December. The ministry had previously put the January
+and December indices at 101.6 and 104.7 respectively.
+    In February 1986 the output index had stood at 103.7,
+producing a year-on-year rise for February 1987 of 0.4 pct.
+    The February rise in production was aided by a sharp 19 pct
+increase in construction output compared with January, when
+production in many industrial sectors was depressed by
+unusually severe winter weather.
+    Manufacturing industry registered a 3-1/2 pct rise in
+production in February compared with January. But energy sector
+output fell nine pct and mining production declined seven pct.
+    The ministry, which considers two-monthly comparisons to be
+a better guide to trends, said output in January and February
+together fell around two pct against November and December.
+    The ministry said construction output fell 13-1/2 pct in
+January/February against November/December due to the cold
+January weather. Output in the energy sector rose four pct and
+mining output 10 pct.
+    Manufacturing industry's production fell 1-1/2 pct in
+January/February compared with November/December.
+    Within this sector, the output of both basic products and
+of food, tobacco and alcohol fell 1-1/2 pct. Production of
+capital goods fell 2-1/2 pct while output of consumer goods was
+unchanged.
+    Compared with the same months of 1986, industrial
+production in January and February 1987 fell 1-1/2 pct, the
+ministry said.
+    Manufacturing industry output fell one pct, with output of
+basic products down three pct, capital goods down one pct and
+food, tobacco and alcohol production 1-1/2 pct lower. Makers of
+consumer goods posted a 1-1/2 pct year-on-year rise in the
+two-month period.
+    In other industrial sectors, mining production fell four
+pct and construction output 4-1/2 pct. The energy sector saw a
+slight 1/2 pct rise, the ministry added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1484" NEWID="12408">
+<DATE> 2-APR-1987 03:13:15.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0206&#31;reute
+f f BC-Reckitt-and-Colman-pl   04-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Reckitt and Colman plc pretax profits 1986 yr 145.11 mln stg vs 123.39 mln
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1485" NEWID="12409">
+<DATE> 2-APR-1987 03:15:00.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0209&#31;reute
+b f BC-C-AND-W-OFFERED-ROLE   04-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C AND W OFFERED ROLE IN NEW JAPAN TELECOM COMPANY</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>A Japanese businessman announced plans for
+a new telecommunications firm in which Britain's Cable and
+Wireless Plc would be a core company.
+    However, the plan, unveiled by senior Federation of
+Economic Organizations official Fumio Watanabe, does not
+specify what stake Cable and Wireless would have.
+    "The share holdings of the core companies should be equal,"
+Watanabe said in a statement. "The actual percentage of
+shareholdings should be agreed by the core companies."
+    He said the eight core companies will provide directors for
+the firm.
+    "The new company shall immediately set to work on the
+feasibility study of constructing a new cable for itself,"
+Watanabe said.
+    Watanabe has acted as mediator between two rival groups,
+one of which included C and W, seeking to compete against
+&lt;Kokusai Denshin Denwa Co Ltd>, which now monopolizes Japan's
+overseas telephone business.
+    The Post and Telecommunications Ministry has said it wants
+only one competitor to KDD and has backed Watanabe's efforts.
+    A British source, who declined to be identified further,
+said the proposals could open the door to further talks between
+C and W &lt;CAWL.L> and the other firms involved.
+    C and W had earlier rejected a reported proposal which
+would have given it a five pct share in the new
+telecommunications firm, compared to the less than three pct
+stake Watanabe originally proposed. C and W has a 20 pct stake
+in one of the two firms Watanabe has proposed should merge.
+    The British source said the decision not to specify the
+exact shareholdings of the core companies could leave the door
+open for further discussion.
+    "It's probably a sensible approach on their part," the
+British source told reuters.
+    C and W has also been pushing hard for permission to lay a
+new cable between Japan and the U.S.
+    The proposed merger has sparked an international row, with
+British government sources threatening retaliatory action
+against Japan for what they see as discriminatory practices
+against foreign firms.
+    The sources said last Friday that one option for Britain
+would be to revoke licenses of Japanese banks and securities
+companies operating in London.
+    The U.S. Has also attacked the original merger plans,
+saying that both rival consortia should be licensed.
+    Asked about participation by other U.S. And European firms,
+Watanabe said, "They will not be core companies but if they wish
+they could participate." Under the Japanese law, total foreign
+participation would be limited to one-third.
+    "It might be wise for C and W to join the new firm which has
+the support of many influential backers and work within this
+for the realization of their ideas," Watanabe told reporters.
+    The other core firms are Mitsubishi Corp &lt;MITT.T>, Mitsui
+and Co &lt;MITS.T>, Sumitomo Corp &lt;SUMT.T>, Matsushita Electric
+Industrial Co &lt;MC.T>, Toyota Motor Corp &lt;TOYO.T>, C Itoh and Co
+&lt;CITT.T>, and &lt;Pacific Telesis International Inc>.
+    Watanabe said that his latest proposal represented his
+final effort.
+    If it fails to satisfy the British government, it will be
+up to the Japanese government to explain its position, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1486" NEWID="12410">
+<DATE> 2-APR-1987 03:15:32.00</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0211&#31;reute
+u f BC-BANK-OF-FRANCE-TO-BUY   04-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE TO BUY FIRST CATEGORY PAPER TODAY</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>The Bank of France is to inject liquidity
+against first category paper at a tender this afternoon, a Bank
+spokesman said.
+    Money market sources were divided as to whether they
+thought the Bank of France would use the occasion to cut its
+intervention rate, which has stood at 7 3/4 pct since it was
+cut from eight pct on March 9.
+    Some thought a rate cut unlikely given foreign exchange
+turbulence and the U.S. Prime rate rise to 7 3/4 pct, while
+others still counted on a 1/4 point cut by the Bank of France.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1487" NEWID="12411">
+<DATE> 2-APR-1987 03:24:51.38</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0221&#31;reute
+b f BC-FIRS-87/88-EC-BEET-SU   04-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRS 87/88 EC BEET SUGAR ESTIMATE UNCHANGED 12.63 MLN TONNES WHITE EQUIVALENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1488" NEWID="12412">
+<DATE> 2-APR-1987 03:38:06.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0238&#31;reute
+b f BC-HERTZ-REALTY-ISSUES-7   04-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERTZ REALTY ISSUES 75 MLN CANADIAN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Hertz Realty Corp is issuing a 75 mln
+Canadian dlr bond due April 30, 1993 paying nine pct and priced
+at 100-3/4 pct, syndicate sources said.
+    The non-callable bond is guaranteed by Hertz Corp. It is
+available in denominations of 1,000 and 10,000 Canadian dlrs
+and will be listed in Luxembourg. The selling concession is
+1-1/4 pct while management and underwriting combined pays 5/8
+pct.
+    The payment date is April 30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1489" NEWID="12413">
+<DATE> 2-APR-1987 03:57:17.94</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0269&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   04-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST AT 800 MLN STG</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The Bank of England said it forecast a
+shortage of around 800 mln stg in the money market today.
+    Among the main factors affecting liquidity, bills for
+repurchase by the market will drain some 664 mln stg while
+bills maturing in official hands and the take-up of treasury
+bills will take out around 508 mln stg and a rise in note
+circulation some 45 mln stg.
+    Partly offsetting these outflows, exchequer transactions
+and bankers' balances above target will add some 380 mln stg
+and 35 mln stg to the system respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1490" NEWID="12414">
+<DATE> 2-APR-1987 04:04:44.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>ussr</D></PLACES>
+<PEOPLE><D>bangemann</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0282&#31;reute
+r f BC-SOVIET-MINISTER-IN-GE   04-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET MINISTER IN GERMAN JOINT VENTURE TALKS</TITLE>
+<DATELINE>    BONN, April 2 - </DATELINE><BODY>Soviet deputy prime minister Alexei Antonov
+begins two days of economic talks in Bonn that will include
+discussions on Soviet-West German joint ventures.
+    Antonov and West German Economics Minister Martin Bangemann
+are heading their respective delegations to the joint
+commission on economic, scientific and technical cooperation.
+    "The main point of the round will be Soviet economic
+reforms, new forms of economic cooperation, joint ventures, and
+cooperation in construction," government spokesman Friedhelm Ost
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1491" NEWID="12415">
+<DATE> 2-APR-1987 04:05:43.05</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0283&#31;reute
+u f BC-SUGAR-OFFERED-TO-DUTC   04-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUGAR OFFERED TO DUTCH INTERVENTION REFUSED</TITLE>
+<DATELINE>    ROTTERDAM, April 2 - </DATELINE><BODY>The 2,500 tonnes of sugar offered to
+intervention in the Netherlands has been refused by the
+intervention board because of wrong packaging, a spokeswoman
+for the Ministry of Agriculture said.
+    She said the sugar could be offered again to intervention.
+    EC producers have threatened to sell over 800,000 tonnes of
+sugar to intervention stocks as a protest against EC export
+licensing policies.
+    Last month Dutch traders said the sugar on offer in the
+Netherlands was Belgian, but the ministry could not confirm
+this.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1492" NEWID="12416">
+<DATE> 2-APR-1987 04:08:28.74</DATE>
+<TOPICS><D>money-fx</D><D>reserves</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0285&#31;reute
+u f BC-RISING-TAIWAN-DOLLAR   04-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RISING TAIWAN DOLLAR CAUSES FOREIGN RESERVES LOSS</TITLE>
+<DATELINE>    TAIPEI, April 2 - </DATELINE><BODY>Taiwan said its foreign reserves suffered
+about 3.4 billion U.S. Dlrs in exchange rate losses from July
+1986 to February 1987 as a result of the rise of the Taiwan
+dollar against the U.S. Currency.
+    Yu Chien-ming, head of the government statistics
+department, told parliament yesterday he expected the losses to
+increase as the Taiwan dollar continues to strengthen.
+    The Taiwan dollar, which opened at 34.24 to the U.S. Dollar
+today, has risen about 16 pct against the U.S. Unit since
+September 1985. Some bankers expect it to rise to 33 by June
+and to 32 by the end of this year.
+    Taiwan's foreign exchange reserves now total 53 billion
+dlrs. At end-February they were 52.1 billion dlrs, the world's
+third largest after West Germany and Japan.
+    Yu said the interest earned from the reserves totalled
+about 1.68 billion U.S. Dlrs from July 1986 to February 1987.
+The reserves are managed by the central bank and deposited at
+about 170 leading banks in the U.S., Japan, Britain, Canada and
+Singapore.
+    About 75 pct of the reserves are in the form of cash,
+mostly in U.S. Dollars. The rest are in government treasury
+bills, certificates of deposit and bonds.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1493" NEWID="12417">
+<DATE> 2-APR-1987 04:08:52.01</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sorghum</D></TOPICS>
+<PLACES><D>belgium</D><D>usa</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0286&#31;reute
+u f BC-EC-DENIES-MAIZE-EXPOR   04-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC DENIES MAIZE EXPORTS RESERVED FOR U.S.</TITLE>
+<DATELINE>    BRUSSELS, April 2 - </DATELINE><BODY>The agreement between the U.S. And the
+European Community (EC) on special imports of maize and sorghum
+provides an equal chance for all non-EC countries to supply the
+Spanish market, an EC Commission spokeswoman said.
+    She denied that any unpublished clause of the agreement
+guaranteed the bulk of the maize export business would go to
+the U.S., As one EC official told Reuters yesterday.
+    Under the agreement, the EC will import two mln tonnes of
+maize and 300,000 tonnes of sorghum a year into Spain at
+specially reduced levy rates for the next four years.
+    The Commission has yet to decide whether the maize will
+come in through direct purchases by the Spanish intervention
+board or by a tender system.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1494" NEWID="12418">
+<DATE> 2-APR-1987 04:24:27.56</DATE>
+<TOPICS><D>money-fx</D><D>interest</D><D>stg</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0311&#31;reute
+b f BC-U.K.-MONEY-RATES-FIRM   04-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY RATES FIRM ON LAWSON STERLING TARGETS</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Interest rates on the London money market
+were slightly firmer on news U.K. Chancellor of the Exchequer
+Nigel Lawson had stated target rates for sterling against the
+dollar and mark, dealers said.
+    They said this had come as a surprise and expected the
+targets, 2.90 marks and 1.60 dlrs, to be promptly tested in the
+foreign exchange markets. Sterling opened 0.3 points lower in
+trade weighted terms at 71.3.
+    Dealers noted the chancellor said he would achieve his
+goals on sterling by a combination of intervention in currency
+markets and interest rates.
+    Operators feel the foreign exchanges are likely to test
+sterling on the downside and that this seems to make a fall in
+U.K. Base lending rates even less likely in the near term,
+dealers said.
+    The feeling remains in the market, however, that
+fundamental factors have not really changed and that a rise in
+U.K. Interest rates is not very likely. The market is expected
+to continue at around these levels, reflecting the current 10
+pct base rate level, for some time.
+    The key three months interbank rate was 1/16 point firmer
+at 10 9-7/8 pct.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1495" NEWID="12419">
+<DATE> 2-APR-1987 04:25:44.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0312&#31;reute
+u f BC-DANISH-PLAN-TO-HELP-C   04-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH PLAN TO HELP CRISIS-HIT BANK DEPOSITORS</TITLE>
+<DATELINE>    COPENHAGEN, April 2 - </DATELINE><BODY>The Danish Banks Association
+announced a plan to help depositors in the small Sixth of July
+Bank (6. Juli Banken A/S), which ceased payments on March 23
+after the Government Bank Inspectorate said provisions were too
+low.
+    The Association said in a statement that its 80 members
+would give full cover for private deposits up to 50,000 Danish
+crowns, with 80 pct cover for deposits between 50,000 and
+100,000 crowns and for special pension savings accounts up to
+500,000 crowns.
+    Non-pension deposits over 100,000 crowns and business
+customers are not covered by the plan, the statement added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1496" NEWID="12420">
+<DATE> 2-APR-1987 04:35:11.94</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0321&#31;reute
+u f BC-AWB-CALLS-FOR-TIGHTER   04-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AWB CALLS FOR TIGHTER WHEAT QUALITY CONTROLS</TITLE>
+<DATELINE>    MELBOURNE, April 2 - </DATELINE><BODY>Australia is risking wheat export
+sales by not providing enough specific quality grades to meet
+buyer requirements, the Australian Wheat Board (AWB) said.
+    "Many AWB customers are becoming increasingly quality
+conscious, demanding strict adherence to contractual quality
+specifications," the board said in a submission to the Royal
+Commission into Grain Storage, Handling and Transport.
+    "Many of the specifications are more specific than the
+current categories used in Australia," it said.
+    The commission is trying to identify ways of saving costs
+and boosting efficiency of the grain handling system.
+    Australia must rely on quality to retain its wheat market
+share because its competitors are supplying cheaper but
+lower-quality grades, the AWB submission said.
+    It stressed the need to segregate wheat categories at every
+stage from receival to shipping.
+    Better industrial relations at grain terminals, more
+uniform transport systems across the states and extensive stock
+control were vital to improved marketing, it said.
+    The submission also said Australia's federal system impeded
+the AWB's role of coordinating and managing the marketing of
+wheat.
+    The AWB called for an end to physical and legislative
+constraints at state borders that prevent the efficient
+transport of grains to other states for shipment.
+    "It is essential that wheat moves by the most economic mode
+to the nearest efficient port, irrespective of the state in
+which the wheat is grown or stored," it said.
+    For example, wheat grown in northern New South Wales (NSW)
+might move more efficiently to Brisbane, in Queensland, than to
+Sydney or Newcastle in New South Wales, it said. Similarly,
+southern NSW wheat might better be shipped to Portland or
+Geelong, in Victoria.
+    Legislation giving state rail authorities a monopoly over
+grain shipments was one notable impediment, it said.
+    The AWB said the current approach of state-based bulk
+handling authorities is not essential, although it said it
+favoured the authorities maintaining at least their current
+level of control of storage and transport as long as quality
+was maintained.
+    An appendix on port loading costs showed it cost between
+26,500 and 34,700 U.S. Dlrs to load a 50,000-tonne vessel at
+various Australian ports compared with 21,200 dlrs at Houston
+and 16,300 at Port Cartier, Quebec, for a 60,000-tonner.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1497" NEWID="12421">
+<DATE> 2-APR-1987 04:38:02.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0330&#31;reute
+f f BC-Bayer-world-group-198   04-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bayer world group 1986 pre-tax profit 3.30 billion marks (3.15 billion) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1498" NEWID="12422">
+<DATE> 2-APR-1987 04:42:58.46</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0341&#31;reute
+b f BC-JAPAN-MINISTRY-ASKS-T   04-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MINISTRY ASKS TRUST BANKS TO CUT DLR SALES</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>The Finance Ministry has asked trust banks
+to moderate their dollar selling, trust banking sources said.
+    A Ministry official told Reuters earlier this week the
+Ministry had recently surveyed foreign exchange transactions by
+institutional investors, but he declined to say whether this
+was aimed at moderating the dollar sales.
+    Dealers said institutional investors were reluctant to sell
+dollars aggressively today partly because of the Ministry
+monitoring.
+    One senior trust bank source said that while sympathizing
+with the Ministry position, the trust banks had to conduct
+their foreign exchange operations according to the dictates of
+the market.
+    A Bank of Japan official said the central bank approved of
+the survey as long it was not used too forcefully.
+    But another official denied local press reports that the
+central bank itself had asked investors to moderate their
+dollar sales. "We are not legally authorized to do that," he
+said.
+    A Bank of Japan official also said the central bank will
+renew its call on financial institutions to moderate excessive
+loans for the purpose of land and securities investment as such
+investments threaten to cause inflation.
+    Bank of Japan Governor Satoshi Sumita had previously
+expressed concern about excessive investment in land and
+securities resulting partly from eased credit conditions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1499" NEWID="12423">
+<DATE> 2-APR-1987 04:51:36.70</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0356&#31;reute
+b f BC-EC-SUGAR-TENDER-SAID   04-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SUGAR TENDER SAID TO MARK NO CHANGE IN POLICY</TITLE>
+<DATELINE>    BRUSSELS, April 2 - </DATELINE><BODY>The maximum rebate granted at
+yesterday's European Community (EC) sugar tender marked no
+change in policy towards producers' complaints that they are
+losing money on exports outside the EC, EC commission sources
+said.
+    They said this was despite the fact that the commission
+accepted over 785,000 tonnes of sugar into intervention
+yesterday from traders protesting that rebates are being set
+too low.
+    The maximum rebate at yesterday's tender was 46.864 Ecus
+per 100 kilos, up from 45.678 Ecus the previous week.
+    London traders said yesterday the rebate was the largest
+ever granted. The commission sources said today the increase
+was entirely explained by world market conditions. The amount
+by which the rebate fell short of what producers claim is
+needed to obtain an equivalent price to that for sales into
+intervention remained at 0.87 Ecus per 100 kilos, they said.
+    Operators offered a total of 854,000 tonnes of sugar into
+intervention last month to protest at rebates which they said
+were too low. The sources said about 706,470 tonnes of French
+sugar and 79,000 tonnes of German sugar had been accepted, the
+remainder being rejected as of too low quality.
+    The sources noted the operators could withdraw their offers
+in the five week period between the acceptance of the sugar and
+payment for it.
+    They said they saw no sign of planned withdrawals as yet,
+adding that they would expect operators to wait another week or
+two to review commission policy before making up their minds.
+    The sources said the commission felt entitled to offer
+rebates at slightly below the level theoretically justifiable
+in the light of its 1987/88 farm price package proposal to
+reduce guaranteed prices for sugar by two pct from the start of
+the new season in July.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1500" NEWID="12424">
+<DATE> 2-APR-1987 04:57:06.30</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0364&#31;reute
+u f BC-KENYAN-COFFEE-NEEDS-R   04-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENYAN COFFEE NEEDS RAIN, TRADERS SAY</TITLE>
+<DATELINE>    NAIROBI, April 2 - </DATELINE><BODY>Kenya's late coffee crop is flowering
+well, but the main coffee areas were generally dry and hot in
+the week ended Wednesday, trade sources said.
+    "Machakos, Embu, Meru and Kirinyaga in eastern Kenya, and
+Nyeri and Thika in central, have been dry in the past week. The
+farmers expect rain this week. If it does not fall output of
+the late (October-November-December) crop will decline sharply,"
+one source said.
+    He said that since most growers did not irrigate their crop
+they could do nothing but wait for rain, the main factor which
+determines Kenyan coffee production.
+    Two months ago the International Coffee Organization issued
+a forecast of Kenyan exportable coffee production in the
+1986/87 (Oct-Sept) season at 1.82 mln bags.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1501" NEWID="12425">
+<DATE> 2-APR-1987 05:04:59.21</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>soy-meal</D><D>veg-oil</D><D>soy-oil</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0375&#31;reute
+u f BC-CARGILL-U.K.-STRIKE-T   04-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARGILL U.K. STRIKE TALKS BREAK OFF WITHOUT RESULT</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Two days of talks between management and
+unions to try to end the 3-1/2 month labour dispute at Cargill
+U.K. Ltd's oilseed crushing plant at Seaforth ended yesterday
+without resolving the situation, a company spokesman said.
+    Fresh talks are expected to be held early next week but the
+actual date has not yet been fixed, he added.
+    Oilseed processing at the mill has been at a standstill
+since December 19 and the company has declared force majeure
+for deliveries of soymeal and soyoil ahead to May.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1502" NEWID="12426">
+<DATE> 2-APR-1987 05:05:54.52</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0376&#31;reute
+u f BC-PRICES-RISE-AT-BANGAL   04-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRICES RISE AT BANGALORE COFFEE AUCTION</TITLE>
+<DATELINE>    BANGALORE, India, April 2 - </DATELINE><BODY>Prices rose at the fortnightly
+export auction here on March 25 for sales of 1,907.1 tonnes of
+coffee from the 1986/87 and 1985/86 crops out of a total
+offering of 1,940.7 tonnes, the Coffee Board said.
+    Withdrawals amounted to 33.6 tonnes. The type and grade,
+quantity sold, average prices in rupees per 50 kilos, exclusive
+of sales tax, with previous prices at the March 11 auction in
+brackets -
+    1986/87 crop
+    Plantation "A" 592.2   1,284.50 (1,223.50)
+    Plantation "B" 74.1    1,095.50 (1,122.00)
+    Plantation "C"        208.2    1,019.00 (1,017.50)
+    Arabica Cherry "AB"    33.3      976.50  (NA)
+    Arabica Cherry "PB"    22.5      949.00  (NA)
+    Arabica Cherry "C"     58.2      889.50  (NA)
+    Robusta Cherry "AB"    90.9    1,256.00  (NA)
+    Robusta Cherry "PB"    43.8    1,039.50  (NA)
+    Robusta "PMT AB"       49.2    1,255.50  (NA)
+    Robusta "PMT PB"       13.5    1,200.00  (NA)
+    REP Bulk "A"           93.9    1,057.50 (908.50)
+    REP Bulk "B"          256.5    1,079.00 (930.00)
+    Robusta Cherry Bulk    40.2   1,082.50  (NA)
+    Robusta Cherry "C"      9.0     997.00  (NA)
+    Robusta Cherry "BBB"    9.6     700.00  (NA)
+    1985/86 crop
+    Arabica Cherry "AB"   123.3     961.00  (951.50)
+    Arabica Cherry "BBB"  160.8     635.50  (613.50)
+    Robusta Cherry "BBB"    4.2     735.00  (704.50)
+    Monsooned coffee
+    Monsooned Robusta "AA" 23.7   1,265.50  (NA)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1503" NEWID="12427">
+<DATE> 2-APR-1987 05:09:57.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>bermuda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0383&#31;reute
+u f BC-HONGKONG-LAND-MAY-SEE   04-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONGKONG LAND MAY SEEK RE-INCORPORATION IN BERMUDA</TITLE>
+<DATELINE>    HONG KONG, April 2 - </DATELINE><BODY>Hong Kong Land Co Ltd &lt;HKLD.HK> said
+it might look for overseas investments and that could lead it
+to consider re-registering in Bermuda.
+    Asked if Hong Kong Land had any plans for investment
+overseas a spokesman said "Not at the moment. It's a long-term
+concept."
+    The London newspaper Daily Telegraph yesterday quoted Simon
+Keswick, chairman of Hong Kong Land's parent company, Jardine
+Matheson Holdings Ltd &lt;JARD.HK>, as saying the company was at a
+crossroads because the last of its non-property assets will
+soon be spun off.
+    Hongkong Land's residential properties have also been sold,
+leaving the firm largely with commercial property in the main
+business district of the British colony.
+    "If we can't find any opportunities we might have to look
+abroad," Keswick was quoted by the newspaper as saying.
+    A re-registration in Bermuda would be largely to shelter
+overseas income from Hong Kong taxes, analysts said.
+    Jardine Matheson reincorporated in Bermuda in 1984 in a
+move that raised fears over the colony's political future and
+stunned the local stock market.
+    That response was not repeated when &lt;Dairy Farm
+International Holdings Ltd> then a Hongkong Land subsidiary,
+and &lt;Mandarin Oriental International Ltd>, soon to be spun off
+from Land, announced plans for similar re-registrations.
+    Jardine Strategic Holdings Ltd &lt;JSH.HK>, another Jardine
+subsdidiary, is also registered in Bermuda.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1504" NEWID="12428">
+<DATE> 2-APR-1987 05:10:11.50</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0385&#31;reute
+u f BC-U.K.-GRAIN-EXPORTS-CO   04-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. GRAIN EXPORTS CONTINUE TO RISE SHARPLY</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The U.K. Exported 517,600 tonnes of wheat
+and 315,800 tonnes of barley in the first 25 days of March, the
+Home Grown Cereals Authority (HGCA) said, quoting provisional
+Customs and Excise figures.
+    This brought combined wheat and barley exports since the
+season started on July 1 to 7.60 mln tonnes, substantially up
+on the 4.02 mln exported in the same 1985/86 period.
+    This season's total comprises 3.94 mln tonnes of wheat and
+3.66 mln barley, compared with 1.63 mln and 2.39 mln,
+respectively, a year ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1505" NEWID="12429">
+<DATE> 2-APR-1987 05:15:52.29</DATE>
+<TOPICS><D>money-supply</D><D>wpi</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0393&#31;reute
+u f BC-INDIA'S-CREDIT-POLICY   04-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA'S CREDIT POLICY AIMS TO CONTROL LIQUIDITY</TITLE>
+<DATELINE>    NEW DELHI, April 2 - </DATELINE><BODY>India's credit policy package for
+fiscal 1987/88 (April-March) will help ease inflationary
+pressures and control the growth of overall liqudity, the
+Reserve Bank of India (RBI) said in a statement.
+    The package, announced earlier this week, will raise
+commercial bank statutory liquidity ratios to 37.5 pct from 37
+pct, effective April 25, and will increase cash reserve ratios
+on foreign currency (non-resident) accounts to 9.5 pct from
+three pct, effective May 23, it said.
+    Excess liquidity pushed wholesale and consumer retail
+prices higher in 1986/87 on previous year levels, RBI governor
+R. N. Malhotra said in a statement.
+    Malhotra said India's M-3 money supply grew 209.24 billion
+rupees in the fiscal year to March 13, compared to a growth of
+155.38 billion in the same period the year before.
+    Commercial bank aggregate deposits rose to 164.10 billion
+in the same period, against 120.66 billion in the corresponding
+months of fiscal 1986/87, he said.
+    The Finance Ministry in a report issued in February
+predicted India's fiscal 1986/87 wholesale price-linked
+inflation rate at about 6.5 pct against 3.8 pct in 1985/86.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1506" NEWID="12430">
+<DATE> 2-APR-1987 05:21:43.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0411&#31;reute
+f f BC-BANK-OF-FRANCE-SELLS   04-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF FRANCE SELLS 8.45 BILLION FRANCS OF TREASURY TAP STOCKS - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1507" NEWID="12431">
+<DATE> 2-APR-1987 05:24:37.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0416&#31;reute
+u f BC-CHINA-TAKES-SHARE-TRA   04-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TAKES SHARE TRADING OFF REFORM AGENDA</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    PEKING, April 2 - </DATELINE><BODY>China opened its fifth securities market
+yesterday, in Tianjin, but share issues and share trading are
+no longer on the agenda of economic reform, official newspapers
+and Western diplomats said.
+    One Western diplomat said share issues are on the
+backburner because they are ideologically too sensitive.
+    The People's Daily said last month that trading shares is
+"not compatible with socialist materialist civilisation."
+    The newly opened market traded bonds in four state-owned
+firms and buyers outnumbered sellers, the China Daily said.
+    China's first securities market since 1949 opened last
+August in Shenyang, followed by markets in Shanghai in
+September and in Peking and Harbin this year. They trade mostly
+bonds.
+    "Bonds are all right. There is no risk to the holder and
+there is no question of his having any ownership stake in the
+firm," the diplomat said.
+    The People's Daily article said joint stock companies might
+not be the way to reform large and medium-size state firms nor
+the model for reforming China's ownership system.
+    Share issues would make the workers owning them think only
+of the economic advantage of their own firms, rather than the
+nation as a whole, the People's Daily said.
+    As late as December, officials were pushing the idea of
+share issues as a way to channel excess cash in the economy
+into production, reduce the state's investment burden and
+motivate share-owning employees to work harder.
+    In November, Liu Hongru, deputy governor of the People's
+Bank of China, told a delegation from the New York Stock
+Exchange that a long-term funds market should be built up, "with
+stocks and bonds issuance as the main form."
+    "Stocks and bonds should be issued through banks, trust and
+investment companies ... The transfer of securities should be
+conducted through financial institutions ... The opening up of
+secondary markets should be studied after trials and
+experiments," Liu said.
+    The subject of share issues and trading was widely covered
+in the official press last year, usually in a positive way.
+    One of the most far-reaching proposals came from a Peking
+university professor. He said all but essential state firms
+should become joint stock holding companies, with the state
+holding a controlling share that could be as low as 33 pct.
+    The professor argued this would separate government
+administrators from managers of the firms, a key goal of
+China's reforms. He said his plan would make the companies
+independent units under a board of directors.
+    The diplomat said the dropping of share issues may be the
+result of conservative backlash since the January resignation
+of reformist Communist Party chief Hu Yaobang. He said share
+issues raise sensitive questions: "What happens if the value
+falls? People are not used to this and may be dissatisfied.
+What happens if a person gets very rich through share
+ownership? The government does not want disparity in income."
+    One Chinese journalist said conditions are not ripe for
+widespread share issues. "In China, the success or failure of a
+firm does not entirely lie within its own hands. There are many
+external factors beyond its control," he said. "To make share
+purchasing attractive, you need a secondary market and perhaps
+speculators," he said. "But speculation is not acceptable in
+China."
+    Asked if there are political reasons for putting aside
+share issues, he said that in China economics and politics
+cannot be separated.
+    "There is a very major review of the economic reforms going
+on. There are political factors involved," the journalist said.
+"If the economy runs well this year, the political pressure will
+be less."
+    Comments by officials of the new Tianjin market echoed his
+caution. The China Daily quoted one official as saying China
+does not intend to develop stock exchanges equivalent to those
+in the West while it has a socialist economic system. "Given the
+special circumstances of our country, we must approach the new
+phenomenon in a contemplative and comprehensive way so as to
+guide trading onto a healthy track," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1508" NEWID="12432">
+<DATE> 2-APR-1987 05:25:16.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0417&#31;reute
+u f BC-BAYER-CONFIDENT-OF-PO   04-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYER CONFIDENT OF POSTING GOOD 1987 RESULTS</TITLE>
+<DATELINE>    LEVERKUSEN, West Germany, April 2 - </DATELINE><BODY>Chemicals group Bayer
+AG &lt;BAYG.F> said it expects to post another good result in 1987
+after raising pre-tax profit to a new record high in 1986.
+    The company said that this was despite the mark's further
+strengthening against the dollar and other currencies and
+despite an increase in competitive pressure.
+    "The further progress of our business will depend largely on
+the extent to which threats to free trade materialise and on
+the developments of exchange rates, raw material and energy
+costs.
+    Bayer said world group pre-tax profit rose to 3.30 billion
+marks in 1986, exceeding the previous year's record of 3.15
+billion. Parent company pre-tax profit increased to 1.72
+billion from 1.62 billion.
+    The company gave no net profit figures or any indication of
+the likely 1986 dividend. Bayer paid a 10-mark dividend on 1985
+results, up one mark from a year earlier.
+    Bayer said that world group operating profit declined
+slightly in 1986 against 1985 but non-operating results showed
+a further improvement.
+    Bayer said that the decline in world group turnover to
+40.75 billion marks from 45.93 billion in 1985 reflected mainly
+the sharp fall in the dollar against the mark.
+    Lower prices on the raw material side had also brought
+pressure on selling prices, it added.
+    In volume terms, however, 1986 sales rose slightly against
+1985, the company said without giving details.
+    "The western Europe, North America and Far East regions
+developed well in local currency, but here too the translation
+of local currency sales into marks distorted the picture,
+especially in the case of North America," it said.
+    Bayer said parent company volume sales were also higher in
+1986, although turnover fell 4.3 pct to 16.77 billion marks.
+    Capacity use was high at the parent company in 1986,
+resulting in a decline in marginal unit costs. This, combined
+with savings in raw material and energy costs, helped offset
+falling prices and cost increases in other areas.
+    The rise in pre-tax parent company profit was due to lower
+extraordinary expenses and higher net interest income.
+Plastics, organic chemicals, polyurethanes and coating raw
+materials all developed well, it said.
+    Turning to the 1986 fourth quarter, Bayer said that world
+group turnover fell to 9.67 billion marks in the last three
+months of 1986 from 10.43 billion in the same 1985 period.
+    Parent company turnover in the fourth quarter fell 7.1 pct
+to 3.69 billion marks, with domestic turnover 4.1 pct lower and
+foreign turnover 8.6 pct lower.
+    Exports accounted for 65.3 pct of turnover in the quarter
+against 66.4 pct in the same quarter of 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1509" NEWID="12433">
+<DATE> 2-APR-1987 05:31:16.17</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0423&#31;reute
+f f BC-UK-reserves-rise-unde   04-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> UK reserves rise underlying 1.785 billion dlrs in March - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1510" NEWID="12434">
+<DATE> 2-APR-1987 05:33:30.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0428&#31;reute
+u f BC-NEW-SINGAPORE-FINANCI   04-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW SINGAPORE FINANCIAL MARKET SET TO OPEN</TITLE>
+<AUTHOR>    By Jose Katigbak, Reuters</AUTHOR>
+<DATELINE>    SINGAPORE, April 2 - </DATELINE><BODY>The new Singapore government
+securities market will start trading in late April or early May
+after President Wee Kim Wee signs the Development Loan Bill
+approved by parliament last week, bankers said.
+    But the new market is unlikely to attract many overseas
+investors, particularly as non-residents will be subject to a
+withholding tax on interest earned, Loh Hoon Sun, general
+manager of &lt;Overseas Union Bank Ltd>, said.
+    Overseas Union Bank Ltd is one of the five primary dealers
+approved to underwrite the auctions and ensure liquidity.
+    The Monetary Authority of Singapore (MAS), which approved
+the five underwriters, aims to issue seven billion dlrs of
+treasury bills, notes and bond issues in the first year.
+    A MAS spokesman said a steering committee has yet to
+determine details, but most of the new government securities
+will have a maturity of up to five years and 10-year paper may
+be issued if demand emerges. Bonds and treasury bills will be
+issued in denominations of 1,000 dlrs and treasury bills in a
+minimum denomination of 10,000 dlrs.
+    Bankers said these rates will put the securities within
+reach of almost everyone and will create a more active market.
+    Allocations will be made first for non-competitive bids
+from primary dealers prepared to accept average yields on up to
+500,000 dlrs worth of notes and bonds and an unlimited volume
+of treasury bills. The remainder will be awarded to competitive
+bidders offering the lowest yields.
+    The new market should stimulate the local economy. Funds
+will come from savings and fixed deposit accounts, "but just how
+much will depend on the bond yields," Loh told Reuters.
+    Loh said bank interest rates currently stand at 3.0 to 3.5
+pct for fixed deposits and the prime rate is 5.5 pct, and these
+rates are expected to remain fairly steady this year.
+    An act of parliament passed last week granted the Singapore
+authorities permission to raise 35 billion dlrs in the new
+market over the next four years.
+    Trading will be computerised and scripless.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1511" NEWID="12435">
+<DATE> 2-APR-1987 05:33:42.55</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0430&#31;reute
+b f BC-U.K.-RESERVES-SHOW-LA   04-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. RESERVES SHOW LARGE UNDERLYING RISE IN MARCH</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Britain's gold and currency reserves
+showed an underlying rise of 1.785 billion dlrs in March after
+a 287 mln dlr rise in January, the Treasury said.
+    This was considerably above market expectations for a 650
+mln dlr rise.
+    The underlying trend, which is a guide to Bank of England
+operations to support the pound on foreign exchanges, is net of
+borrowings and repayments.
+    The Treasury declined comment on the figures. Last month it
+said the Bank of England took the opportunity of strong demand
+to rebuild reserves after losses last autumn.
+    Actual reserves rose by 1.89 billion dlrs, after rising 305
+mln in February, to 22.26 billion. Total reserves were revalued
+to 27.04 billion dlrs, but would have totalled 24.15 billion
+under the previous valuation, the Treasury said. Gold reserves
+were revalued by 895 mln dlrs, while SDRs, ECU and convertible
+currency holdings were revalued by 1.995 billion.
+    Accruals of borrowings under the exchange cover scheme were
+361 mln dlrs last month, after 36 mln in February. Repayments
+were 240 mln dlrs after the previous 16 mln. Capital repayments
+totalled 14 mln dlrs, after February's two mln dlrs repayment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1512" NEWID="12436">
+<DATE> 2-APR-1987 05:34:11.77</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0432&#31;reute
+u f BC-ZAMBIA-EXPECTS-SHARPL   04-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIA EXPECTS SHARPLY REDUCED MAIZE CROP</TITLE>
+<DATELINE>    LUSAKA, April 2 - </DATELINE><BODY>Zambia's marketed maize production will
+probably fall to less than 630,000 tonnes in 1986/87 (May-Apr),
+from 918,000 last year, because of poor rainfall in major
+producing areas, Agriculture Minister Kingsley Chinkuli said.
+    He told Parliament that in the southern provinces the
+harvest would be over 50 pct down on the level in the previous
+marketing year.
+    "The nation would be lucky to produce over seven mln bags
+(630,000 tonnes) of maize this year," he stated.
+    Chinkuli added that Zambia was setting up an irrigation
+fund with Canadian aid to lessen the effects of poor rainfall.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1513" NEWID="12437">
+<DATE> 2-APR-1987 05:34:30.63</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0434&#31;reute
+u f BC-JAPAN-ASKS-BANKS-TO-M   04-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ASKS BANKS TO MODERATE DOLLAR SALES - JIJI</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>The Finance Ministry has asked commercial
+banks to moderate their dollar sales, JiJi News Agency
+reported, quoting financial sources.
+    Finance Ministry officials were unavailable for comment.
+The report also could not be confirmed by several bank dealers.
+    Earlier, Japanese trust banking sources said the Ministry
+had asked them to moderate their dollar sales.
+    A Ministry official said earlier this week the ministry had
+recently surveyed currency transactions by investors, but
+declined to say whether this aimed at reducing their dollar
+sales.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1514" NEWID="12438">
+<DATE> 2-APR-1987 05:34:45.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0435&#31;reute
+r f BC-ZAMBIAN-CENTRAL-BANKE   04-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIAN CENTRAL BANKER CRITICISES IMF POLICIES</TITLE>
+<DATELINE>    LUSAKA, April 2 - </DATELINE><BODY>Bank of Zambia general manager Michael
+Mwape has accused the International Monetary Fund of ignoring
+social conditions when drawing up its economic reform
+programmes for African countries.
+    Mwape said in a speech to businessmen in the southern town
+of Livingstone yesterday that the IMF's approach had caused
+social and political unrest across the continent.
+    There was widespread rioting and looting in Zambia last
+December after the government abolished subsidies on refined
+maize meal in line with IMF recommendations.
+    Mwape said told businessmen "The question which should be
+asked and answered when designing programmes is who is going to
+bear the brunt of adjustment ... And what cushion is available
+to minimise the burden ?"
+    Zambia has had five IMF adjustment programmes since 1976,
+the last of which was cancelled in February last year, he said.
+"In spite of these, the economy has shown signs of stress, with
+no significant improvement in a number of areas," he added.
+    Zambia has just completed a new round of IMF talks on its
+foreign exchange system and has obtained enough commercial
+loans to pay off its IMF arrears for 1985 and 1986, paving the
+way for a new stand-by credit.
+    Zambian politicians have frequently criticised the fund,
+however, and diplomats say President Kenneth Kaunda faces
+consistent opposition inside the ruling party's central
+committee over dealings with the IMF.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1515" NEWID="12439">
+<DATE> 2-APR-1987 05:35:13.47</DATE>
+<TOPICS><D>pet-chem</D><D>oilseed</D></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0438&#31;reute
+r f BC-ZIMBABWE-BANS-POLYPRO   04-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIMBABWE BANS POLYPROPYLENE BAGS FOR OILSEEDS</TITLE>
+<DATELINE>    HARARE, April 2 - </DATELINE><BODY>Zimbabwe's Grain Marketing Board has
+banned the packing of oilseeds in locally-made polypropylene
+bags and will supply jute bags instead, board officials said.
+    It said the quality of oilseeds such as soybeans,
+groundnuts and sunflower seed packed in polypropylene bags
+deteriorated after two weeks.
+    Zimbabwe began producing 10 mln polypropylene grain bags
+this year to replace jute bags imported mainly from Bangladesh.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1516" NEWID="12440">
+<DATE> 2-APR-1987 05:36:40.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0443&#31;reute
+u f BC-NAKASONE-SAID-WILLING   04-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE SAID WILLING TO REVISE SALES TAX PLAN</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>Japanese press reports said Prime Minister
+Yasuhiro Nakasone has said he may compromise on his
+controversial sales tax plan, bowing to widespread opposition
+even within his own party.
+    The reports said he told a meeting of supporters of his
+ruling Liberal Democratic Party today the proposed five pct tax
+should be amended if there was anything wrong with it.
+    Officials were not immediately available for comment.
+    Until now, Nakasone had vowed to press on with the tax as
+part of his plan to reform Japan's 36-year-old tax system.
+    But most Japanese newspapers and news agencies quoted him
+as saying today he would not foist the tax on the Japanese
+people if they hated it.
+    Opposition parties and some industry groups say the tax
+breaks Nakasone general election campaign promises last July
+and would discourage consumer spending, needed to meet
+government pledges to try to stimulate economic growth.
+    Pressure for the tax to be amended or shelved is likely to
+increase soon, before a first round of local elections due on
+April 12, political analysts said. Resistance has spread from
+opposition parties and affected industries to the LDP.
+    Some 36 of Japan's 47 provincial governments have called
+for the plan to be scrapped or handled carefully, government
+officials said.
+    Some leading LDP candidates for the local polls have not
+asked Nakasone to make a campaign speech for them as they fear
+his presence would weaken their position in the elections.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1517" NEWID="12441">
+<DATE> 2-APR-1987 05:42:17.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0455&#31;reute
+u f BC-GUINNESS-TO-SELL-RETA   04-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUINNESS TO SELL RETAIL INTERESTS</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Guinness Plc &lt;GUIN.L> said that as part
+of a new strategy for the company it will be selling its retail
+interests to concentrate resources on developing its
+international beverage businesses.
+    Among the firms to be sold are Martin's and Gordon Drummond
+pharmacies, the 7-Eleven convenience stores, speciality U.S.
+Food importer Richter Brothers and the health products company
+Nature's Best/DSL.
+    Guinness said in a statement that the company's strength
+was in its well known beer and spirits brands.
+    Several had good brand development potential, including
+Gleneagles, Champneys, Cranks, Hediard and and Guinness
+publications.
+    Guinness shares were trading at 323p after the announcement
+after closing yesterday at 317p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1518" NEWID="12442">
+<DATE> 2-APR-1987 05:47:19.89</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0462&#31;reute
+u f BC-INDUSTRIAL-ACTION-END   04-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDUSTRIAL ACTION ENDS AT SOUTH AFRICAN MINE</TITLE>
+<DATELINE>    JOHANNESBURG, April 2 - </DATELINE><BODY>About 8,000 black miners returned
+to work after a week-long industrial action at South Africa's
+largest gold mine, mine owner Anglo American Corp of South
+Africa Ltd &lt;ANGL.J> said.
+    A spokesman for the mining house said the action started on
+Wednesday last week when thousands of miners staged a go-slow
+at One underground shaft of the Free State Geduld division of
+Free State Consolidated Gold Mines Ltd &lt;FSCN.J>.
+    The action later escalated into an underground sit-in at
+the mine over the weekend, prompting management to close the
+affected shaft because of what the company described as "the
+creation of unsafe working conditions."
+    Anglo American spokesman John Kingsley-Jones said the
+company held talks with the National Union of Mineworkers
+(NUM), South Africa's biggest trade union which claims a
+membership of 360,000 black workers, but failed to establish
+the cause of worker dissatisfaction. He acknowledged that the
+mine suffered a loss of production, but declined to give
+estimates.
+    Free State Consolidated last year produced 104 tonnes of
+gold from 28 underground shafts.
+    The NUM was not immediately available for comment on the
+action. But a spokesman for the union earlier told the South
+African Press Association that miners had been locked out of
+the mine at the weekend after staging a strike in protest
+against being ordered to carry bags containing explosives as
+well as food for white miners.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1519" NEWID="12443">
+<DATE> 2-APR-1987 05:49:23.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0467&#31;reute
+u f BC-COMPROMISE-CITED-ON-S   04-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPROMISE CITED ON SAN MIGUEL SHARES</TITLE>
+<DATELINE>    MANILA, April 2 - </DATELINE><BODY>&lt;San Miguel Corp>, SMC, and &lt;United
+Coconut Planters Bank>, UCPB, have reached a compromise on a
+disputed block of 38.1 mln shares of SMC, the head of a
+government panel that controls the sequestered shares said.
+    Ramon Diaz, Chairman of the Presidential Commission on Good
+Government (PCGG) told Reuters SMC had offered a price of 126
+pesos per share for the block, held in trust by the UCPB.
+    "It looks good," Diaz said. But he added several issues,
+including the identity of the ultimate buyers of the shares,
+had to be resolved before the PCGG gave its approval to the
+sale.
+    The PCGG's sequestration last year of 33 mln shares aborted
+SMC's bid to buy them back from 14 trading companies in the
+UCPB group. The commission said it suspected the shares were
+actually controlled by Eduardo Cojuangco, an associate of
+former President Ferdinand Marcos.
+    Cojuango, who headed the boards of both SMC and UCPB when
+he fled last year after Marcos was toppled, personally owned 24
+mln shares in SMC. His holdings are also under sequestration.
+    "The shares that SMC now proposes to buy from the UCPB are
+owned by 1.4 mln coconut farmers," Diaz said. "Naturally we do
+not want them to go back into the hands of Marcos cronies."
+    PCGG sources said a compromise would end a row over a down
+payment of 500 mln pesos made by SMC's Hong Kong subsidiary
+Neptunia Corp Ltd in a bid to buy back the shares last year.
+    The UCPB had said the 500 mln peso payment would be
+forfeited because SMC Chairman Andres Soriano III had failed to
+fulfil his commitment to buy back the shares at an originally
+negotiated price of 3.3 billion pesos.
+    PCGG sources said SMC, the Philippines' largest food and
+beverage manufacturer, has agreed to sell 14 mln "B" class shares
+from the 38.1 mln shares to Australian brewer Alan Bond at a
+price of 150 pesos per share.
+    The PCGG sources said of the proposed 4.79 billion peso
+transaction, 1.6 billion pesos would be offset against the 500
+mln peso down payment, the 500 mln pesos worth of preferred
+shares in UCPB held by SMC, 210 mln pesos in uncollected
+dividends on the UCPB shares and 400 mln pesos advanced to
+UCPB-controlled trading companies.
+    The UCPB rejected an original offer of 100 pesos per share
+made by SMC for 33 mln shares, which grew to 38 mln after a 15
+pct stock dividend declared in June last year.
+    A spokesman for SMC said the company's 15-member board met
+today to discuss the proposed compromise.
+    The spokesman declined comment on the outcome of the board
+meeting, saying the dispute was under arbitration.
+    President Corazon Aquino last month asked SMC and UCPB to
+set up a three-man arbitration panel to resolve the ownership
+issue. The panel is due to submit its report by April 15.
+    Eduardo de Los Angeles, a government nominee in the SMC
+board, filed a formal complaint before the Securities and
+Exchange Commission last week, accusing Soriano and eight other
+directors of violating "fiduciary duty."
+    De Los Angeles was said to have opposed a decision by SMC's
+board last December to assume the 500 mln peso Neptunia loan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1520" NEWID="12444">
+<DATE> 2-APR-1987 05:51:38.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0472&#31;reute
+b f BC-BANK-OF-FRANCE-SELLS   04-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE SELLS 8.45 BILLION FRANC TAP STOCKS</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>The Bank of France said it sold a total
+8.45 billion francs worth of treasury tap stocks through its
+latest monthly tender, at which it offered a choice of one
+floating rate and two fixed rate tranches.
+    It sold 3.6 billion francs worth of the treasury's 8.50 pct
+June 1997 tap at an average price of 96.86 pct giving an
+average yield of 8.78 pct, up from 8.72 pct at its last tender
+of the same tap a month ago.
+    It also sold 3.15 billion worth of 8.50 pct November 2002
+stock at an average price of 97.24 pct and average yield of
+8.83 pct, against 8.98 pct when it was last sold on January 8.
+    The bank sold 1.7 billion francs of floating rate 1999 tap
+stock at an average price of 97.06 pct, giving an average
+spread of 0.39 percentage points above the 13-week treasury
+bill reference rate, little changed from the 0.40 point spread
+at the last offering a month ago.
+    Total demand at today's auction was 28.7 billion francs,
+including 5.1 billion for the 8.50 pct 2002 tranche, 13.95
+billion for the 8.50 pct 1997 tranche and 9.65 billion for the
+1999 floating rate tranche.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1521" NEWID="12445">
+<DATE> 2-APR-1987 05:55:01.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0480&#31;reute
+b f BC-TOKYO-OPTICAL-ISSUES   04-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO OPTICAL ISSUES EQUITY WARRANT EUROBOND</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Tokyo Optical Co Ltd is issuing a 40 mln
+dlr equity warrant eurobond due April 27, 1992 paying an
+indicated coupon of 2-1/4 pct and priced at par, lead manager
+Daiwa Europe Ltd said.
+    The issue is guaranteed by Mitsui Bank Ltd and final terms
+will be set on April 9. The issue is available in denominations
+of 5,000 dlrs and will be listed in Luxembourg. The selling
+concession is 1-1/2 pct while management and underwriting
+combined pays 3/4 pct.
+    The warrants are exercisable from May 19, 1987 until April
+9, 1992. The payment date is April 27.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1522" NEWID="12446">
+<DATE> 2-APR-1987 05:58:43.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0482&#31;reute
+b f BC-KEIHANSHIN-REAL-ESTAT   04-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEIHANSHIN REAL ESTATE ISSUES EQUITY WARRANT BOND</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Keihanshin Real Estate Co Ltd is issuing
+a 25 mln dlr equity warrant eurobond due April 27, 1992 paying
+an indicated coupon of 2-1/4 pct and priced at par, lead
+manager Daiwa Europe Ltd said.
+    The issue is guaranteed by Sumitomo Bank Ltd and final
+terms will be set on April 8. The issue is available in
+denominations of 5,000 dlrs and will be listed in Luxembourg.
+The selling concession is 1-1/2 pct while management and
+underwriting combined pays 3/4 pct.
+    The warrants are exercisable from May 18, 1987 until April
+13, 1992. The payment date is April 27.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1523" NEWID="12447">
+<DATE> 2-APR-1987 06:03:36.27</DATE>
+<TOPICS><D>interest</D><D>money-fx</D><D>stg</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0490&#31;reute
+u f BC-LAWSON-REMARKS-DASH-H   04-02 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON REMARKS DASH HOPES OF EARLY U.K. RATE CUT</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Chancellor of the Exchequer Nigel
+Lawson's remarks yesterday suggesting there are precise
+exchange rate targets for the pound undermined sterling,
+dashing hopes for an early cut in U.K. Base rates, analysts
+said.
+    But the market's reaction, testing exchange rate levels
+indicated by Lawson, was probably overdone and the longer term
+outlook for sterling remained bullish, they agreed.
+    In an apparent break with the previous policy of secrecy,
+Lawson told a National Economic Development Council meeting he
+was comfortable with sterling exchange rates around current
+levels, specifying rates of around 1.90 marks and 1.60 dlrs.
+    Lawson added the U.K. Government intended to keep sterling
+at about present levels, using currency intervention and
+interest rates to achieve this.
+    The February 22 Paris agreement of the Group of Five and
+Canada to stabilise exchange rates is widely believed to
+include target ranges, but all participants to the meeting had
+so far refused to specify these.
+    Markets were quick to react to the statement, chopping
+about one U.S. Cent and over one pfennig off the pound to match
+the levels mentioned by Lawson.
+    But most analysts polled said they did not believe Lawson's
+statement signalled a change in U.K. Policy.
+    Keith Skeoch, chief economist at stockbrokers James Capel
+and Co, said, "the remarks have been blown out of proportion.
+Lawson is paying now for a little bit of a slip of the tongue."
+    Barclays de Zoete Wedd economist Mark Brett said, "there is
+nothing great and fantastic in the Chancellor's statement."
+    He said he did not believe the rates indicated by the
+Chancellor were precise targets, but merely represented central
+rates around which sterling would be allowed to fluctuate,
+perhaps by as much as 10 pct.
+    "It would be insane to pinpoint an exchange rate ahead of an
+election ... I don't believe Lawson is mad enough to tie
+himself to a fixed rate," Brett said.
+    Currency markets were keen for official statements to
+clarify the scope of the Paris accord and reactivate currency
+trading. This mood easily led to over-reaction, analysts said.
+    "Making similar statements when the market is high strung
+and ready to bounce is perhaps a mistake," one senior dealer
+with a U.S. Bank said.
+    Capel's Skeoch said, "it gives the foreign exchange markets
+something to shoot at."
+    "It is obvious that the government, as a member of the Group
+of Six, has agreed exchange rate bands. But they are not cut in
+stone, they can change with time," Skeoch said.
+    Brett said, "we think the 2.90 marks level is a central
+rate. Give or take 10 pfennigs and all is fine."
+    Not all analysts played down the significance of the
+remarks, however. Chris Dunn, economist at Royal Bank of
+Canada, said the remarks may signal a decisive move to insulate
+sterling from the fortunes of the dollar.
+    Although about two-thirds of Britain's trade is conducted
+with European countries, sterling has traditionally shadowed
+the dollar rather than the mark, analysts noted.
+    "Britain must decide whether it wants to follow the U.S. Or
+throw in its lot with Europe," Dunn said.
+    "It suggests that while the U.K. Is not actually applying to
+join the European Monetary System, it is seeking protection by
+shadowing it ... The Bundesbank has made it clear that it wants
+the U.K. To clarify its position relative to the mark," he said.
+    Analysts said sterling's dip on currency markets following
+Lawson's remarks made an early half-point cut in U.K. Base
+rates from current 10 pct levels unlikely in the short term.
+    "Over the next three weeks, a cut is out, unless we get some
+extremely good economic indicators," Capel's Skeoch said.
+    Base rates have been cut twice by one-half point in March,
+the last after the March 17 budget presentation, and analysts
+had been expecting another half point cut shortly afterwards.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1524" NEWID="12448">
+<DATE> 2-APR-1987 06:12:23.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0503&#31;reute
+f f BC-NV-HOOGOVENS-1986-NET   04-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NV HOOGOVENS 1986 NET PROFIT 154.6 MLN GUILDERS VS 278.8 MLN -- OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1525" NEWID="12449">
+<DATE> 2-APR-1987 06:19:25.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0509&#31;reute
+u f BC-RANK-MAKES-INCREASED   04-02 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RANK MAKES INCREASED AVANA OFFER FINAL</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Ranks Hovis McDougall Plc &lt;RHML.L> said
+it was making an increased and final offer for the Avana Group
+Plc &lt;AVNA.L>. The company already holds about 22.9 pct or 7.1
+mln Avana ordinary shares.
+    It said in a statement the terms of the offer will be 13
+new Rank Hovis shares for every five Avana ordinary shares,
+valuing each Avana share at 829p.
+    Avana shareholders will be entitled to receive and retain
+the net interim dividend of 5.25p per Avana share for the year
+ending 28 March 1987.
+    Accepting Avana shareholders will also be entitled to
+receive Ranks Hovis's forecast net interim dividend of 2.65p
+for the financial year ending 5 September 1987.
+    Ranks Hovis said that full acceptance of the increased
+offer would result in the issue of a maximum of 72.3 mln new
+Ranks Hovis shares or about 20 pct of the enlarged issued
+ordinary share capital of the company.
+    The latest offer will lapse on 17 April. Ordinary
+shareholders in Avana who accept the increased offer will have
+the opportunity to elect for cash for all or part of their
+holdings on the basis of 800p cash for each Avana share.
+    Ranks Hovis said the cash required for the cash alternative
+would be met by one of several methods.
+    For the first 10 mln Avana shares received opting for the
+cash alternative, Ranks Hovis would make a cash payment from
+its own resources.
+    For cash alternatives of more than 10 mln Avana shares,
+Morgan Grenfell, as agent for participants, will make a
+separate offer to purchase at 300p per share, net of expenses,
+up to 46.3 mln Ranks Hovis new shares to which such
+shareholders will be entitled under the increased offer. This
+is equivalent to 780p per Avana ordinary.
+    In addition, Ranks Hovis will make a further cash payment
+of 20p per Avana ordinary. Avana shares traded at 800p after
+the announcement, 32p up from last night's close of 768p. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1526" NEWID="12450">
+<DATE> 2-APR-1987 06:20:55.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0513&#31;reute
+u f BC-LUFTHANSA-ORDERS-TWO   04-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUFTHANSA ORDERS TWO AIRBUS 310S</TITLE>
+<DATELINE>    FRANKFURT, April 2 - </DATELINE><BODY>Deutsche Lufthansa AG &lt;LHAG.F> said it
+has ordered two Airbus A-310-300s from the Airbus Industrie
+&lt;ainp.Pa> consortium.
+    The planes will be delivered at the end of 1988 or
+beginning of 1989, a company statement said.
+    There was no Lufthansa spokesman immediately available to
+comment on the purchase price or give details about the engines
+that will power the planes.
+    One of the new A-310s will be used by Lufthansa itself and
+the other by its &lt;Condor Flugdienst GmbH> charter travel
+subsidiary, the statement said.
+    The orders bring Lufthansa's purchases of Airbus A-300s and
+A-310s to a total of 34.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1527" NEWID="12451">
+<DATE> 2-APR-1987 06:24:19.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0518&#31;reute
+b f BC-LUCAS-INDUSTRIES-ISSU   04-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUCAS INDUSTRIES ISSUING CONVERTIBLE EUROBOND</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Lucas Industries Plc &lt;LUCS.L> said its
+Lucas Industries Inc unit is issuing a 75 mln dlr convertible
+eurobond due April 28, 2002 paying an indicated coupon of 5-1/4
+to 5-1/2 pct and priced at par.
+    The issue is callable at 106 pct declining by one pct per
+annum to par thereafter but is not callable until 1994 unless
+the share price reaches 130 pct of the conversion price.
+    There is a put option after seven years which will be
+priced to give the investor a yield to the put of 7-1/4 to
+7-3/4 pct. The issue is guaranteed as to interest and the put
+premium by Lucas Industries Plc.
+    The issue is being lead managed by J. Henry Schroder Wagg
+Ltd, which has already formed a group of 19 co-managers. The
+selling concession is 1-1/2 pct while management and
+underwriting each pay 1/2 pct.
+    The issue is available in denominations of 1,000 dlrs,
+while the payment is April 27.
+    Lucas said it intended to use the proceeds of the issue for
+general corporate purposes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1528" NEWID="12452">
+<DATE> 2-APR-1987 06:25:17.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>hkse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0520&#31;reute
+u f BC-H.K.-STOCK-EXCHANGE-M   04-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. STOCK EXCHANGE MULLS NEW RULE FOR "B" SHARES</TITLE>
+<DATELINE>    HONG KONG, April 2 - </DATELINE><BODY>The Hong Kong Stock Exchange is
+considering new rules governing different classes of shares
+following a spate of new "B" share issues by leading local firms,
+exchange chairman Ronald Li said.
+    He told reporters the rules will allow settlement of "A"
+share transactions with cheaper "B" shares at a ratio equivalent
+to their par values. But "A" shares cannot be used to settle
+transactions of "B" shares.
+    Jardine Matheson Holdings Ltd &lt;JARD.HK>, Cheung Kong
+(Holdings) Ltd &lt;CKGH.HK> and Hutchison Whampoa Ltd &lt;HWHH.HK>
+have all announced proposals for issuing "B" shares.
+    These would have substantially reduced par values but would
+have voting rights equal to the existing shares or "A" shares.
+    Li said the exchange does not want to restrict the issue of
+"B" shares but it is concerned about huge discrepancies between
+market prices of existing "A" and "B" stocks.
+    The exchange said yesterday it will not accept further
+proposals by listed firms to issue such new shares.
+    Li said that if the exchange did not take action numerous
+other companies would make similar issues. &lt;Evergo Industrial
+Enterprise Ltd>, now suspended from trading, has already made
+such a proposal, he added.
+    Li said the exchange will consult legal advisers in Britain
+for the proposals from Cheung Kong, Hutchison and Jardine
+Matheson. If the rules of settlement cannot be implemented, the
+three firms must present alternative methods to guarantee
+reasonable price differentials between the "A" and "B" shares.
+    Both Jardine and Hutchison declined comment. But local
+newspapers quoted Cheung Kong's director Albert Chow as saying
+the firm will withdraw its issue if the new rule is approved.
+    Analysts have said the "B" shares are designed largely to
+protect the interests of majority shareholders. There is little
+liquidity in them and they trade at big discounts.
+    Stock brokers noted the "A" shares of Swire Pacific Ltd
+&lt;SWPC.HK> closed at 22 H.K. Dlrs today while the "B" shares ended
+at 3.95 dlrs. The stocks have a par value of 60 and 12 cents
+respectively, or a one-to-five ratio. At those levels that
+represents an "A" share premium of about 11.4 pct over the "B"
+shares.
+    Li said the exchange has not considered any measures
+against existing "B" stocks. Other existing "B" stocks are all
+issued by units of Wharf (Holdings) Ltd &lt;KOWL.HK>, including
+&lt;Hong Kong Realty and Trust Co Ltd>, &lt;Lane Crawford Holdings
+Ltd> and &lt;Realty Development Corp Ltd>.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1529" NEWID="12453">
+<DATE> 2-APR-1987 06:31:41.55</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0530&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 345 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with 345 mln stg help in the morning session.
+This compares with its forecast of a shortage of around 800 mln
+stg in the system today.
+    The central bank made outright purchases of bank bills
+comprising 58 mln stg in band one at 9-7/8 pct, 227 mln stg in
+band two at 9-13/16 pct, 56 mln stg in band three at 9-3/4 pct
+and four mln stg in band four at 9-11/16 pct.
+    Dealers noted that this was the first time bills in band
+four, which have a maturity of between two and three months,
+have been dealt in the market since mid-February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1530" NEWID="12454">
+<DATE> 2-APR-1987 06:33:33.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0533&#31;reute
+u f BC-CABLE-UNIMPRESSED-BY   04-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABLE UNIMPRESSED BY NEW JAPANESE TELECOMS OFFER</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Cable and Wireless Plc &lt;CAWL.L> said new
+proposals unveiled by Japan for it to become a core member of a
+merged telecommunications firm to compete for
+telecommunications contracts did not remove the group's
+objections.
+    The suggestions by Federation of Economic Organisations
+official Fumio Watanabe was a formal announcement of proposals
+made earlier this week and reported in the Japanese press.
+    Cable has a 20 pct stake in one of the two groups trying to
+compete against Japan's &lt;Kokusai Denshin Denwa Co Ltd> which
+monopolises Japan's overseas telephone business.
+    But a Cable spokesman said it still believed a merger of
+the two consortia would be impracticable. "They are like oil and
+water," he said.
+    The Japanese authorities want only one competitor and have
+proposed that the two consortia band together. The issue has
+been taken up by the British government as a test case on the
+openness of Japanese markets. Watanabe's latest proposals said
+that the eight core companies of the new group should have
+equal share holdings but added that they could work out the
+precise percentages amongst themselves.
+    The reports earlier this week said that Cable would be
+offered a five pct stake, up from an originally proposed three
+pct.
+    Despite the apparent differences in stakes offered, the
+Cable spokesman said the two offers appeared to be essentially
+the same.
+    Cable shares at 1100 GMT were quoted nine pence firmer at
+374p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1531" NEWID="12455">
+<DATE> 2-APR-1987 06:34:02.72</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0536&#31;reute
+f f BC-******   04-02 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank leaves credit policies unchanged
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1532" NEWID="12456">
+<DATE> 2-APR-1987 06:35:19.50</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0538&#31;reute
+b f BC-BUNDESBANK-LEAVES-CRE   04-02 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK LEAVES CREDIT POLICIES UNCHANGED</TITLE>
+<DATELINE>    FRANKFURT, March 2 - </DATELINE><BODY>The Bundesbank left credit policies
+unchanged after today's regular meeting of its council, a
+spokesman said in answer to enquiries.
+    The West German discount rate remains at 3.0 pct, and the
+Lombard emergency financing rate at 5.0 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1533" NEWID="12457">
+<DATE> 2-APR-1987 06:40:24.69</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0548&#31;reute
+u f BC-JAPAN/U.S.-WILL-BE-AT   04-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN/U.S. WILL BE AT ODDS WHILE TRADE LOPSIDED</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>Japan is doing all it can to solve its
+trade problems with the United States but the two nations will
+remain at odds as long as the trade account is lopsided in
+Japan's favour, a senior official said.
+    "So long as there is an external imbalance there will be
+trade friction and ...Harsh words between the two governments,"
+the Foreign Ministry official told reporters.
+    Last year, Japan racked up a 51.5 billion dlr surplus with
+the United States and economists said they do not see it
+falling significantly any time soon.
+    Washington announced plans last week to slap up to 300 mln
+dlrs in tariffs on Japanese electronic goods, raising the
+spectre of a trade war between the two countries.
+    "We take the current situation very seriously," said the
+official, who declined to be identified. "The basic stance of
+the Japanese government is to tackle the issues with all
+available resources."
+    The United States has accused Japan of reneging on an
+agreement that called on it to stop selling cut-price computer
+microchips in world markets and to try to import more American
+semiconductors. Tokyo has denied the charges.
+    The Foreign Ministry official refused to rule out Japanese
+retaliation if America went ahead with its threatened tariffs
+in the middle of this month. But he said that any response
+would be in accordance with international law and Japan's
+international obligations.
+    He added that both Japan and the United States must take
+account of the impact of their dispute on their own and the
+world economy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1534" NEWID="12458">
+<DATE> 2-APR-1987 06:41:22.63</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0551&#31;reute
+b f BC-FRANCE-SOLD-WHEAT-FLO   04-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE SOLD WHEAT FLOUR TO CHINA - ONIC</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>France has sold between 50,000 to 100,000
+tonnes of wheat flour to China, the Director General of
+France's Cereal Intervention Board (ONIC) Bernard Vieux said.
+    He gave no further details of the sale, but added French
+millers were worried about the unfair competition facing French
+flour due the lack of end-of-season storage premiums for wheat.
+    ONIC raised its estimate of 1986/87 flour exports to 1.70
+mln tonnes compared 1.65 mln forecast in March and the 1.87 mln
+exported in 1985/86.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1535" NEWID="12459">
+<DATE> 2-APR-1987 06:42:04.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0552&#31;reute
+u f BC-CABLE-AND-WIRELESS-IN   04-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABLE AND WIRELESS IN MALAYSIA CABLE DEAL</TITLE>
+<DATELINE>    KUALA LUMPUR, April 2 - </DATELINE><BODY>Malaysia's telecommunication
+authority has entered into a deal with a British firm to instal
+a 100 mln dlrs fibre optic submarine cable to link Peninsula
+Malaysia with eastern Sabah and Sarawak states, the national
+news agency Bernama reported.
+    &lt;Syarikat Telekom Malaysia Bhd> (STM) signed an agreement
+to set up a joint venture company with Britain's Cable and
+Wireless PLC &lt;CAWL.L> to instal, maintain and operate the 1,500
+kms-long cable by 1989, it said.
+    STM Chairman Mohamed Rashdan Baba and Cable and Wireless
+Chairman and Chief Executive Eric Sharp signed the agreement.
+    The joint venture company will be 51 pct owned by STM and
+49 pct by Cable and Wireless, the news agency said. It gave no
+details on equity or when the project will be started.
+    Mohamed Rashdan said the cable link will carry domestic and
+international telecommunication traffic and added that STM
+planned to ask other telecommunication administrations in
+Southeast Asia to use the cable.
+    Sharp said the cable could make Malaysia a major
+telecommunications centre in the region.
+    STM, which used to be the government's telecommunication
+department previously, was privatised in January 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1536" NEWID="12460">
+<DATE> 2-APR-1987 06:45:42.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0559&#31;reute
+u f BC-DECISION-EXPECTED-ON   04-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DECISION EXPECTED ON U.K ROYAL ORDNANCE SALE</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>U.K. Defence secretary George Younger is
+expected to announce the government's decision on the sale of
+state-owned arms manufacturer &lt;Royal Ordnance> today,
+parliamentary sources said.
+    The government originally intended to float the munitions
+and explosives concern on the stock market, but last July said
+a private sale was a more appropriate way to dispose of the
+firm.
+    The bidders for the company were British Aerospace Plc
+&lt;BAEL.L> and engineering group GKN Plc &lt;GKN.L>. Royal Ordnance
+sold its Leeds tank factory last summer to Vickers Plc
+&lt;VICK.L>.
+    Defence electronics manufacturer Ferranti Plc &lt;FNTI.L> and
+shipping and property group Trafalgar House Plc &lt;THSL.L> both
+pulled out of the bidding shortly before last month's deadline.
+    Royal Ordnance made pre-tax profits of 26 mln stg on sales
+of 487 mln stg in calendar 1985, its first full year of
+commercial operation. The company has assets of around 240 mln
+stg and employs 17,000 at 15 sites in Britain.
+    Other state-held companies earmarked for privatisation this
+year include engine maker &lt;Rolls Royce Plc> and the &lt;British
+Airports Authorities Plc>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1537" NEWID="12461">
+<DATE> 2-APR-1987 06:47:51.31</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0566&#31;reute
+u f BC-JAPANESE-GROUPS-URGE   04-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE GROUPS URGE DRASTIC ECONOMIC PACKAGE</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>Japan's leading economic organisations
+urged the Government to prepare drastic pump-priming measures
+even at the cost of shelving Prime Minister Yasuhiro Nakasone's
+planned tax reforms, officials involved said.
+    Officials of the Federation of Economic Organisations
+(Keidanren) said in a meeting with government officials the
+Government should issue construction bonds as an emergency
+measure to prop up the economy.
+    Keidanren suggested that proceeds from sales of stocks in
+the newly-privatised Nippon Telegraph and Telephone Corp should
+also be used to stimulate the economy.
+    Keidanren Chairman Eishiro Saito said the dollar's fall
+below 150 yen would create huge unemployment and bankruptcies
+that could shake the foundation of the Japanese economy.
+    The Keidanren meeting coincided with a written request for
+drastic reflationary measures sent to the Government by the
+Japan Chamber of Commerce and Industry.
+    Both organisations called for stepped-up Bank of Japan
+intervention to stabilise exchange rates.
+    Chamber head Noboru Gotoh told a press conference the
+awaited economic package should be powerful enough to push up
+Japan's Gross National Product (GNP) by about two pct.
+    Gotoh said the Government could cope with the present
+critical economic condition even if it put off its plan to stop
+the issue of deficit-covering bonds by fiscal 1990.
+    The plan to reduce the fiscal budget is a pillar of
+Nakasone's fiscal reconstruction program.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1538" NEWID="12462">
+<DATE> 2-APR-1987 06:51:29.07</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>syria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0575&#31;reute
+u f BC-SYRIA-SEEKING-WHITE-S   04-02 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYRIA SEEKING WHITE SUGAR ON APRIL 8 - TRADE</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Syria will hold a buying tender on April
+8 for 36,000 tonnes of white sugar for shipment in June, July
+and August at a rate of 12,000 tonnes a month, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1539" NEWID="12463">
+<DATE> 2-APR-1987 06:54:33.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0583&#31;reute
+u f BC-HOOGOVENS-EXPECTS-CLE   04-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOOGOVENS EXPECTS CLEAR LOSS IN 1987</TITLE>
+<DATELINE>     IJMUIDEN, The Netherlands, April 2 - </DATELINE><BODY>&lt;Koninklijke
+Nederlandsche Hoogovens en Staalfabrieken NV> said it expected
+a "clear loss" for 1987.
+     The company reported its 1986 profits were 44 pct lower at
+154.6 mln guilders than in the year before.
+     Turnover was 18 pct lower than in 1985.
+     The main reason fo the fall in turnover was the lower rate
+of the dollar, the company said. The lower costs for raw
+materials and energy, resulting from the lower dollar, could
+not compensate the fall in revenues.
+     Costs 5.61 billion guilders vs 6.66 billion
+     Depreciation 457 mln vs 493 mln
+     Operating profit 375 mln vs 598 mln
+     Financial charges 155.1 mln vs 169.4 mln
+     Extraordinary loss 12 rpt 12 mln vs 138 mln
+     Crude steel production five mln tonnes vs 5.3 mln
+     Aluminium production 96,000 tonnes vs same.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1540" NEWID="12464">
+<DATE> 2-APR-1987 07:02:14.73</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0591&#31;reute
+u f BC-GERMAN-MARCH-COST-OF   04-02 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN MARCH COST OF LIVING DATA CONFIRMED</TITLE>
+<DATELINE>    WIESBADEN, April 2 - </DATELINE><BODY>The cost of living was unchanged in
+March compared with February but stood 0.2 pct lower than in
+the same month in 1986, the Federal Statistics Office said.
+    This confirms provisional figures released at the end of
+last month.
+    In February the cost of living in West Germany rose 0.1 pct
+from January to stand 0.5 pct lower than in February 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1541" NEWID="12465">
+<DATE> 2-APR-1987 07:05:02.65</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>west-germany</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0599&#31;reute
+u f BC-SEASONAL-STABILISATIO   04-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEASONAL STABILISATION SEEN FOR COFFEE PRICES</TITLE>
+<DATELINE>    HAMBURG, April 2 - </DATELINE><BODY>The onset of cooler weather in Brazil
+during the southern hemisphere winter is expected to have a
+stabilising effect on a weak coffee market, West German trade
+sources said.
+    "The annual fear of frost in Brazil will probably grip the
+market sometime this month until June or early July," one trader
+said.
+    The trade believes the International Coffee Organization
+(ICO) is unlikely to tackle the re-introduction of quotas
+before its September meeting and until then the market will not
+see any unexpected sharp moves in either direction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1542" NEWID="12466">
+<DATE> 2-APR-1987 07:08:55.41</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0606&#31;reute
+r f BC-GERMAN-INDUSTRIAL-OUT   04-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN INDUSTRIAL OUTPUT RISES 3.2 PCT IN FEBRUARY</TITLE>
+<DATELINE>    BONN, April 2 - </DATELINE><BODY>West German industrial production,
+seasonally adjusted, rose a provisional 3.2 pct in February
+after a downwards revised decline of 3.4 pct in January, the
+Economics Ministry said.
+    The ministry had originally estimated that industrial
+production fell 3.0 pct in January.
+    The February figure is likely to be revised upwards by just
+under one percentage point next month when the March figure is
+released, a ministry statement said.
+    The industrial production index, base 1980, stood at a
+provisional 104.1 in February against 100.9 in January and
+104.5 in December. The ministry had previously put the January
+and December indices at 101.6 and 104.7 respectively.
+    In February 1986 the output index had stood at 103.7,
+producing a year-on-year rise for February 1987 of 0.4 pct.
+    The February rise in production was aided by a sharp 19 pct
+increase in construction output compared with January, when
+production in many industrial sectors was depressed by
+unusually severe winter weather.
+    Manufacturing industry registered a 3-1/2 pct rise in
+production in February compared with January. But energy sector
+output fell nine pct and mining production declined seven pct.
+    The ministry, which considers two-monthly comparisons to be
+a better guide to trends, said output in January and February
+together fell around two pct against November and December.
+    The ministry said construction output fell 13-1/2 pct in
+January/February against November/December due to the cold
+January weather. Output in the energy sector rose four pct and
+mining output 10 pct.
+    Manufacturing industry's production fell 1-1/2 pct in
+January/February compared with November/December.
+    Within this sector, the output of both basic products and
+of food, tobacco and alcohol fell 1-1/2 pct. Production of
+capital goods fell 2-1/2 pct while output of consumer goods was
+unchanged.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1543" NEWID="12467">
+<DATE> 2-APR-1987 07:09:28.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f0608&#31;reute
+r f BC-HERTZ-REALTY-ISSUES-7   04-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERTZ REALTY ISSUES 75 MLN CANADIAN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Hertz Realty Corp is issuing a 75 mln
+Canadian dlr bond due April 30, 1993 paying nine pct and priced
+at 100-3/4 pct, syndicate sources said.
+    The non-callable bond is guaranteed by Hertz Corp. It is
+available in denominations of 1,000 and 10,000 Canadian dlrs
+and will be listed in Luxembourg. The selling concession is
+1-1/4 pct while management and underwriting combined pays 5/8
+pct.
+    The payment date is April 30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1544" NEWID="12468">
+<DATE> 2-APR-1987 07:12:08.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0614&#31;reute
+r f BC-TOSHIBA-REGRETS-LINK   04-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOSHIBA REGRETS LINK WITH U.K. ACCESS ISSUE</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>Toshiba Corp &lt;TSBA.T> said it regrets its
+plan to enter the U.K. Business facsimile and telephone market
+may be caught up in a diplomatic row over the position of Cable
+and Wireless Plc's &lt;CAWL.L> in the Japanese market.
+    Britain is considering how to retaliate against Japan's
+attempt to prevent Cable and Wireless from taking a major
+position in a Japanese international telecommunications
+venture.
+    "As a matter of timing it is regrettable that this has been
+linked with the question of market access in Japan," a Toshiba
+spokesman told Reuters.
+    &lt;Toshiba Information Systems (U.K.) Ltd>, a Toshiba
+subsidiary, said yesterday it planned to enter the U.K. Market
+under the Toshiba own brand name and had applied for government
+approval to do so.
+    Toshiba has supplied equipment to U.K. Manufacturers for
+sale under their brand names since last year.
+    The Toshiba spokesman said the sale of such equipment was
+not comparable to Cable and Wireless' efforts to take a stake
+in the new Japanese telecommunications firm.
+    "They are matters of a different category," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1545" NEWID="12469">
+<DATE> 2-APR-1987 07:12:43.73</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0619&#31;reute
+r f BC-WESTPAC-IN-N.Z.-RAISE   04-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTPAC IN N.Z. RAISES INDICATOR LENDING RATE</TITLE>
+<DATELINE>    WELLINGTON, April 2 - </DATELINE><BODY>Westpac Banking Corp in New Zealand
+said it will increase its indicator lending rate by 1.5
+percentage points to 22.5 pct from April 7.
+    Westpac said in a statement the increase reflects high
+costs of funding.
+    The bank said nervousness in the wholesale deposit market
+is creating uncertainty about the immediate outlook for
+interest rates. Liquidity is expected to remain tight over the
+next month and this will put upward pressure on interest rates.
+Base lending indicator rates of the other three trading banks
+range between 21.0 pct and 21.5 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1546" NEWID="12470">
+<DATE> 2-APR-1987 07:19:18.07</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0638&#31;reute
+u f BC-BANK-OF-JAPAN-INTERVE   04-02 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES JUST AFTER TOKYO OPENING</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>The Bank of Japan intervened just after
+the Tokyo market opened, buying dollars at around 147.65 yen,
+dealers said.
+    They were unsure of the amount of the central bank's
+purchasing, but it seemed to prevent the dollar from weakening
+against the yen amid bearish sentiment for the U.S. Currency,
+they said.
+    The dollar opened at 147.65 yen against 147.20/30 in New
+York and 146.90 at the close here yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1547" NEWID="12471">
+<DATE> 2-APR-1987 07:20:54.01</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0645&#31;reute
+u f BC-BUNDESBANK-LEAVES-CRE   04-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK LEAVES CREDIT POLICIES UNCHANGED</TITLE>
+<DATELINE>    FRANKFURT, March 2 - </DATELINE><BODY>The Bundesbank left credit policies
+unchanged after today's regular meeting of its council, a
+spokesman said in answer to enquiries.
+    The West German discount rate remains at 3.0 pct, and the
+Lombard emergency financing rate at 5.0 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1548" NEWID="12472">
+<DATE> 2-APR-1987 07:22:47.91</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0648&#31;reute
+u f BC-JAPAN-WARNS-OF-ANTI-U   04-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN WARNS OF ANTI-U.S. SENTIMENT IN TRADE ROW</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>Japan is sending a three-man team to
+Washington to try to halt threatened trade sanctions that
+officials warn could spark a wave of anti-U.S. Sentiment here.
+    The team will lay the groundwork for high-level emergency
+talks next week aimed at defusing an increasingly bitter row
+over trade in computer microchips, officials said.
+    "The sanctions are against the free trade system," Ministry
+of International Trade and Industry (MITI) director general
+Noboru Hatakeyama told reporters, adding: "If these measures are
+taken, the atmosphere in Japan against the United States would
+become not so good as before."
+    Other officials were more blunt. "The U.S. Action will have
+a significant impact on the growing anti-U.S. Feeling (here),"
+another MITI official said.
+    A senior Foreign Ministry official, who declined to be
+identified, told Reuters the U.S. Threats have undercut those
+in the government who argue for conciliation.
+    "There is a very strong argument in Japan that since the
+United States is imposing tariffs unilaterally, why should we
+bother doing anything," he said. "Anything we do, we will be
+bashed."
+    The senior official sounded pessimistic about the
+likelihood of Prime Minister Yasuhiro Nakasone defusing U.S.
+Anger over Japanese trade practices when he visits Washington
+on April 29.
+    "I don't think trade friction will be solved all of a sudden
+(by the visit)," he said.
+    Nakasone is widely expected to present a package of
+measures to President Reagan to help contain U.S. Frustration
+over Japan's large trade surplus.
+    But the senior official played down those expectations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1549" NEWID="12473">
+<DATE> 2-APR-1987 07:32:48.44</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0677&#31;reute
+r f BC-JAPAN/U.S.-WILL-BE-AT   04-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN/U.S. WILL BE AT ODDS WHILE TRADE LOPSIDED</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>Japan is doing all it can to solve its
+trade problems with the United States but the two nations will
+remain at odds as long as the trade account is lopsided in
+Japan's favour, a senior official said.
+    "So long as there is an external imbalance there will be
+trade friction and ...Harsh words between the two governments,"
+the Foreign Ministry official told reporters.
+    Last year, Japan racked up a 51.5 billion dlr surplus with
+the United States and economists said they do not see it
+falling significantly any time soon.
+    Washington announced plans last week to slap up to 300 mln
+dlrs in tariffs on Japanese electronic goods, raising the
+spectre of a trade war between the two countries.
+    "We take the current situation very seriously," said the
+official, who declined to be identified. "The basic stance of
+the Japanese government is to tackle the issues with all
+available resources."
+    The United States has accused Japan of reneging on an
+agreement that called on it to stop selling cut-price computer
+microchips in world markets and to try to import more American
+semiconductors. Tokyo has denied the charges.
+    The Foreign Ministry official refused to rule out Japanese
+retaliation if America went ahead with its threatened tariffs
+in the middle of this month. But he said that any response
+would be in accordance with international law and Japan's
+international obligations.
+    He added that both Japan and the United States must take
+account of the impact of their dispute on their own and the
+world economy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1550" NEWID="12474">
+<DATE> 2-APR-1987 07:37:34.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0693&#31;reute
+f f BC-UK-MOVES-DATE-FORWARD   04-02 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UK MOVES DATE FORWARD ON FINANCIAL RECIPROCITY PROVISIONS TO PRESS JAPAN, GOVERNMENT SOURCES  SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1551" NEWID="12475">
+<DATE> 2-APR-1987 07:42:32.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0695&#31;reute
+f f BC-FRENCH-MED/LONG-TERM   04-02 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH MED/LONG TERM DEBT 398.2 BILLION FRANCS END 1986 (419.6 BILLIOn end SEPT) - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1552" NEWID="12476">
+<DATE> 2-APR-1987 07:44:35.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0699&#31;reute
+b f BC-BHF-UNIT-ISSUES-30-ML   04-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BHF UNIT ISSUES 30 MLN AUSTRALIAN DLR EUROBOND</TITLE>
+<DATELINE>    FRANKFURT, April 2 - A unit of Berliner Handels- </DATELINE><BODY>und
+Frankfurter Bank (BHF) is raising 30 mln Australian dollars
+through a five-year bullet eurobond with a 14-1/4 pct coupon
+and priced at 101-1/4, sole manager BHF said.
+    The bond, for BHF Finance Jersey Ltd, pays annual interest
+on April 28, and investors pay for the bond on the same day. It
+will mature on that day in 1992.
+    The bond is guaranteed by the parent. Listing is in
+Luxembourg. Denominations are 1,000 and 10,000 dlrs. Yield at
+issue is 13.89 pct. No fees were stated.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1553" NEWID="12477">
+<DATE> 2-APR-1987 07:57:01.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0715&#31;reute
+b f BC-FRENCH-DEBT-FELL-TO-3   04-02 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH DEBT FELL TO 398.2 BILLION FRANCS END-1986</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>French medium and long-term debt fell to
+398.2 billion francs at end-1986 from 419.6 billion at
+end-September and 464.7 billion at end-1985, the Finance
+Ministry said.
+    The 66.5 billion franc reduction over the full year mainly
+reflected a 44.8 billion difference between debt redemption and
+new foreign borrowings, it said.
+    The 21.4 billion franc reduction in the fourth quarter
+mainly reflected an 11.4 billion franc difference between
+redemptions and new borrowing, the ministry added.
+    The balance reflected revisions to the previous figures,
+and the impact of the currency fluctuations on the French franc
+value of foreign currency denominated borrowings, it said.
+    Expressed in dollar terms, medium and long-term debt fell
+to 62.7 billion dlrs at end-1986 from 63.4 billion at
+end-September.
+    The ministry said although the dollar's depreciation
+favoured a reduction in foreign debt, this was largely offset
+by the appreciation of other currencies in which 63 pct of
+French medium and long term debts were denominated at end-1986.
+    While the dollar remained the main borrowing currency,
+accounting for 37 pct of medium and long-term debt, the mark
+accounted for 11.5 pct, the European Currency Unit 10.8 pct,
+the yen 9.4 pct, the Eurofranc 8.7 pct, the Swiss franc 7.3
+pct, the Guilder 4.6 pct, sterling 3.7 pct and seven pct
+others.
+    Taking into account external lending, net foreign debt fell
+to 81.5 billion francs at end-1986 from 106.7 billion at
+end-September and 153.7 billion at end-1985.
+    External lending, comprising export credits of more than
+one year maturity, and public sector foreign loans, were
+estimated at about 316.7 billion francs at end-1986 against
+312.9 mln at end-September.
+    Total foreign medium and long-term debt included seven
+billion francs of direct state debt at end 1986, reduced from
+15.6 billion three months earlier, the ministry said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1554" NEWID="12478">
+<DATE> 2-APR-1987 07:57:52.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0716&#31;reute
+b f BC-UK-MOVES-DATE-FORWARD   04-02 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK MOVES DATE FORWARD ON FINANCIAL RECIPROCITY</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Britain will arm itself earlier than
+hitherto planned with statutory powers to retaliate if decided
+necessary against Japanese banking and insurance companies, on
+grounds that similar U.K. Based financial institutions do not
+enjoy the same market access in Japan, government sources said.
+    The provisions being brought forward under the new
+Financial Services Act are reciprocity clauses 183 to 186. The
+powers will allow Britain to revoke or deny licences to
+Japanese banking and insurance businesses, but will not affect
+licensed dealers in securities, the sources said. The news
+follows a cabinet meeting during which U.K./Japanese trade
+problems were discussed.
+    The government decided on the steps at its cabinet meeting
+this morning and aims to maintain pressure to ensure that U.K.
+Firms be allowed the same access to Japanese markets as
+Japanese banking and insurance firms enjoy in London's
+financial areas, government sources said.
+    One source said "we want reciprocity in those fields. And
+what we are saying is that, if not, then we can pull the plug
+and stop you from having an unfair and uncompetitive advantage."
+    The provisions being brought forward under the Financial
+Services Act will take effect after Easter, or in around 21
+days, the sources said.
+ MORE
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1555" NEWID="12479">
+<DATE> 2-APR-1987 07:58:45.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ase</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0719&#31;reute
+u f BC-AMSTERDAM-BOURSE-TURN   04-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMSTERDAM BOURSE TURNOVER UP SHARPLY IN MARCH</TITLE>
+<DATELINE>    AMSTERDAM, April 2 - </DATELINE><BODY>Turnover on the Amsterdam Bourse rose
+38 pct in March to 25.8 billion guilders from 18.7 billion in
+February compared with 27.6 billion in March last year, the
+Bourse said in its monthly review.
+    Sentiment improved last month after a weak performance in
+January and lacklustre trading in February, helped by good
+corporate results and falling interest rates, the Bourse said.
+    However, sentiment was dampened by reports of declining
+exports, a drop in trade with West Germany, a slower world
+economic growth rate and trade tensions.
+    Share turnover was up 5.1 billion guilders last month at
+14.4 billion from 9.3 billion in February.
+    Bond turnover rose to 11.4 billion guilders in March from
+9.4 billion in February.
+    On the second tier parallel market, March turnover rose 62
+pct to 267 mln guilders from 165 mln in February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1556" NEWID="12480">
+<DATE> 2-APR-1987 08:01:28.08</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0721&#31;reute
+b f BC-BANK-OF-FRANCE-FOREIG   04-02 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE FOREIGN ASSETS RISE LATEST WEEK</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>Weekly figures published by the Bank of
+France showed its gross foreign assets rose by about two
+billion francs last week, when it was reported by banks to have
+intervened on the foreign exchange markets to support the
+dollar against the yen.
+    The figures showed its gold, foreign currency and other
+external assets rose to 415.1 billion francs from 413 billion,
+mainly reflecting a rise to 116.7 billion from 114.7 billion in
+foreign exchange holdings.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1557" NEWID="12481">
+<DATE> 2-APR-1987 08:10:53.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0741&#31;reute
+b f BC-HOKKAIDO-TAKUSHOKU-BA   04-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOKKAIDO TAKUSHOKU BANK ISSUES 100 MLN SFR NOTES</TITLE>
+<DATELINE>    ZURICH, April 2 - </DATELINE><BODY>Hokkaido Takushoku Bank Ltd is launching
+100 mln Swiss francs of convertible notes due September 30,
+1992, indicated at 1-1/4 pct and par, lead manager Swiss Bank
+Corp said.
+    Pricing and conversion terms will be fixed on April 19 and
+payment date is April 30. Interest is payable half-yearly.
+    Early redemption is possible from March 31, 1990 at 104
+pct, declining by one point per half-year thereafter, and for
+tax reasons from 1988 at 102 pct, declining by 1/2 point
+annually thereafter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1558" NEWID="12482">
+<DATE> 2-APR-1987 08:10:57.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0742&#31;reute
+b f BC-NITTO-BOSEKI-LAUNCHES   04-02 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NITTO BOSEKI LAUNCHES 60 MLN SFR 4-7/8 PCT BOND</TITLE>
+<DATELINE>    ZURICH, April 2 - </DATELINE><BODY>Nitto Boseki Co Ltd of Tokyo is launching
+a 60 mln Swiss franc 4-7/8 pct bond due April 27, 1995 at
+100-1/4 pct, lead manager Union Bank of Switzerland said.
+    Subscriptions close April 8 and payment date is April 27.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1559" NEWID="12483">
+<DATE> 2-APR-1987 08:12:38.81</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0746&#31;reute
+u f BC-BANKAMERICA-&lt;BACP>-RA   04-02 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BACP> RAISES PRIME RATE TO 7.75 PCT</TITLE>
+<DATELINE>    SAN FRANCISCO, April 2 - </DATELINE><BODY>BankAmerica Corp, following moves
+by other major banks, said it has raised its prime rate to 7.75
+pct from 7.50 pct, effective today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1560" NEWID="12484">
+<DATE> 2-APR-1987 08:23:16.95</DATE>
+<TOPICS><D>copper</D><D>lead</D><D>zinc</D><D>silver</D><D>nickel</D><D>alum</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0766&#31;reute
+r f BC-LME-DETAILS-MARCH-198   04-02 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME DETAILS MARCH 1987 TURNOVER</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The London Metal Exchange, LME, issued
+turnovers for March 1987, with figures for corresponding period
+1986 in brackets.
+    All in tonnes except Silver which in troy ounces.
+    Copper higher grade nil (2,526,425), Standard cathodes nil
+(6,325), Grade A 2,429,200 (nil), Standard Copper 17,050 (nil),
+Lead 443,850 (538,750), Zinc High grade 598,550 (304,825),
+Silver large 10,350,000 (17,400,000), Small nil (2,000),
+Aluminium 1,693,375 (1,301,850), Nickel 62,004 (65,040).
+    Cumulative figures for January-March were as follows -
+Copper higher grade nil (7,703,625), Standard cathodes nil
+(24,700), Grade A 6,455,525 (nil), Standard Copper 62,075
+(nil), Lead 1,567,000 (1,979,750), Zinc High grade 1,746,675
+(1,356,400), Silver large 41,770,000 (65,620,000), Small nil
+(8,000), Aluminium 4,984,650 (4,974,950), Nickel 199,944
+(179,328).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1561" NEWID="12485">
+<DATE> 2-APR-1987 08:23:50.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0768&#31;reute
+r f BC-NEWS-CORP-&lt;NWS>-START   04-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWS CORP &lt;NWS> STARTS HARPER/ROW &lt;HPR> BID</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>News Corp Ltd of Australia said it has
+started its previously announced tender offer for all shares of
+Harper and Row Publishers Inc at 65 dlrs per share.
+    In a newspaper advertisement, the company said the offer is
+conditioned on received of at least 51 pct of Harper and Row's
+shares.  The offering and withdrawal rights expire April 29
+unless extended.
+    A merger at the tender price is to follow the offer, which
+has been approved by the Harper and Row board.  Harper and Row
+has granted NEw Corp an option to buy up to 800,000 new shares
+or a 15.4 pct interest at 65 dlrs each.
+    News Corp said if the merger agreement were terminated
+under certain circumstances, News would be entitled to a 16 mln
+dlr cash payment.
+    Last month, Theodore Cross offered to acquire Harper and
+Row for 34 dlrs per share but was soon outbid by Harcourt Brace
+Jovanovich Inc, which offered 50 dlrs per share.  Late in the
+month, Harper and Row said its board had received expressions
+of interest from a number of domestic and foreign companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1562" NEWID="12486">
+<DATE> 2-APR-1987 08:24:07.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0770&#31;reute
+b f BC-BFCE-ISSUES-17-BILLIO   04-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BFCE ISSUES 17 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Banque Francaise du Commerce Exterieur
+(BFCE) is issuing a 17 billion yen eurobond due May 11, 1992
+with a 4-3/8 pct coupon and priced at 102-3/8 pct, lead manager
+Nippon Credit International Ltd said.
+    The bonds, guaranteed by the Republic of France, carry a
+put and call option at par on the interest payment date in
+1990. Listing will be in Luxembourg and the bonds will be
+issued in denominations of one mln yen. Payment date is May 11.
+    Gross fees of 1-7/8 pct comprise 5/8 pct for management and
+underwriting combined and 1-1/4 pct for selling.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1563" NEWID="12487">
+<DATE> 2-APR-1987 08:24:17.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0771&#31;reute
+r f BC-INTERNATIONAL-TECHNOL   04-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL TECHNOLOGY &lt;ITX> SEES 4TH QTR LOSS</TITLE>
+<DATELINE>    TORRANCE, Calif., April 2 - </DATELINE><BODY>International Technology corp
+said it expects to report a loss for the fourth quarter ended
+March 31 of about 20 cts per share, compared with a
+year-earlier profit of 11 cts.
+    The company blamed the expected loss on regulatory and
+permitting issues that limited the full utilization of
+hazardous waste treatment cites in Califoirnia, continued
+startup delays for major remediation projects, the writeoff of
+an investment in a subsidiary and a settlem,ent with the
+California Attorney General's Office and Department of Health
+Services.
+    The company said the settlement relates to regulatory
+violations alleged by the U.S. Environmental Protection Agengy
+and the California Health Services department at the company's
+Vine Hill and Panoche treatment facilities in Northern
+California.
+    It said under the agreement, it will pay the state
+2,100,000 dlrs in civil penalties over a two-year period and
+pay 500,000 dlrs over five years to local medical facilities as
+part of a community awareness and emergency response program
+developed by local communities.  The expenses will be charged
+against fourth quarter results, it said.
+    The company said it has agreed as well to make compliance
+and public safety capital expenditures of about 600,000 dlrs.
+    It said it has now received an operating permit for a new
+250,000 cubic yard landfill cell at its Imperial County,
+Calif., from the Health Services department.
+    The company said the Panoche facility remains closed but is
+expected to reopen for liquid and sludge receipts in the near
+future.  But it said receipts of solid material, which had
+accounted for the majority of the revenue at the site, could be
+restricted until 1988 pending resolution of capacity issues in
+the Panoche site permit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1564" NEWID="12488">
+<DATE> 2-APR-1987 08:24:45.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0773&#31;reute
+u f BC-WESTLB-LUXEMBOURG-REP   04-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTLB LUXEMBOURG REPORTS LOWER 1986 NET PROFIT</TITLE>
+<DATELINE>    DUESSELDORF, April 2 - </DATELINE><BODY>Westdeutsche Landesbank Girozentrale
+&lt;WELG.F> said its wholly-owned Luxembourg subsidiary WestLB
+International SA posted a decline in 1986 net profit to 12.6
+mln marks from 48.5 mln a year earlier.
+    WestLB International will pay a 12.5 mln mark dividend to
+WestLB, down from 47.7 mln a year earlier.
+    The dividend was lower than in 1985 because the record
+profit of the previous year could not be repeated, due to
+changed market conditions, it said. Increased funds were also
+allocated for provisions. Business in the first three months of
+1987 developed positively, it added.
+    WestLB International set aside 115.3 mln marks for
+international credit risks in 1986, up from 97.4 mln marks in
+1985, bringing the total amount of provisions shown in the
+balance sheet to 580.3 mln marks.
+    Operating profit fell to 122 mln marks in 1986 from 150 mln
+in 1985. Balance sheet total fell to 9.7 billion marks from
+10.8 billion, reflecting the lower dollar and the fact that
+credit business redemptions were not fully offset by new
+lending.
+    The statement said WestLB International's business with
+private customers showed a pleasing expansion last year.
+    This development was aided by cooperation between the bank
+and the savings banks in the West German state of North
+Rhine-Westphalia, where parent bank WestLB is based.
+    Deposits by non-banks rose more than 40 pct to a total of
+1.1 billion.
+    WestLB International said it plans to expand its range of
+services for private clients.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1565" NEWID="12489">
+<DATE> 2-APR-1987 08:25:50.93</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0776&#31;reute
+u f AM-MINE   04-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>40 MINERS TRAPPED BY FIRE IN GASPE COPPER MINE</TITLE>
+<DATELINE>    MURDOCHVILLE, Que., April 2 - </DATELINE><BODY>Some 40 miners were trapped
+underground today by a fire in a copper mine in the Gaspe area
+of eastern Quebec, officials said.
+    There were no reports of any deaths.
+    A mine official said that the fire broke out last night and
+about 25 of the miners made it to safety.
+    He said telephone contact had been established with the
+trapped miners but they could not be brought to the surface
+until the fire was extinguished.
+    The cause of the fire was not known.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1566" NEWID="12490">
+<DATE> 2-APR-1987 08:32:04.26</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>costa-rica</D><D>dominican-republic</D><D>el-salvador</D><D>ecuador</D><D>honduras</D><D>guatemala</D><D>india</D><D>nicaragua</D><D>mexico</D><D>papua-new-guinea</D><D>peru</D><D>brazil</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0785&#31;reute
+u f BC-OTHER-MILDS-COFFEE-PR   04-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OTHER MILDS COFFEE PRODUCERS TO MEET MAY 4</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Coffee producers belonging to the "Other
+Milds" group will meet May 4 in Guatemala to discuss the
+possibility of restoring export quotas, producer delegates told
+reporters after the closing session of the International Coffee
+Organization, ICO, executive board meeting.
+    The "Other Milds" group, comprising Costa Rica, Dominican
+Republic, Ecuador, El Salvador, Guatemala, Honduras, India,
+Mexico, Nicaragua, Papua New Guinea and Peru, might consult
+with Brazil and Colombia on this meeting, but it was not
+certain whether these two countries would attend, they said.
+    The ICO board meeting ended without moves to restart
+negotiations on quotas, which broke down last month, producer
+delegates said.
+    Producers are expected to hold other consultations in the
+coming months on how to proceed with quota negotiations, but no
+date for a full producer meeting has been mentioned, they said.
+    The board completed reports on stock verification and the
+next regular board session will be in Indonesia June 1-5,
+delegates said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1567" NEWID="12491">
+<DATE> 2-APR-1987 08:34:01.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0798&#31;reute
+u f BC-NIPPON-SIGNAL-SWISS-F   04-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON SIGNAL SWISS FRANC NOTES SET AT 1-1/4 PCT</TITLE>
+<DATELINE>    ZURICH, April 2 - </DATELINE><BODY>Nippon Signal Co Ltd's 50 mln Swiss franc
+five-year notes issue with warrants has been priced at 1-1/4
+pct compared with the originally indicated 1-3/8 pct, lead
+manager Morgan Stanley SA said.
+    Each 50,000-franc bond carries 81 warrants entitling the
+holder to buy 100 Nippon Signal shares for 594 yen each. The
+shares last traded at 579 yen.
+    The Swiss franc/yen exchange rate was fixed at 97.27.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1568" NEWID="12492">
+<DATE> 2-APR-1987 08:34:11.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0799&#31;reute
+r f BC-&lt;ALOHA-INC>-BUYOUT-CO   04-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ALOHA INC> BUYOUT COMPLETED</TITLE>
+<DATELINE>    HONOLULU, April 2 - </DATELINE><BODY>Aloha Inc said its leveraged buyout by
+AQ Corp, which acquired 91 pct of Aloha common and 82 pct of
+Aloha preferred in a tender offer that concluded December 26,
+has been completed for 28.50 dlrs per common or preferred
+share.
+    AQ is controlled by Aloha chairman Hung Wo Ching, vice
+chairman Sheridan C.F. Ing and president A. Maurice Myers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1569" NEWID="12493">
+<DATE> 2-APR-1987 08:34:21.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0801&#31;reute
+f f BC-******IBM-INTRODUCES   04-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IBM INTRODUCES FOUR NEW PERSONAL COMPUTERS COMPATIBLE WITH EXISTING PC'S
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1570" NEWID="12494">
+<DATE> 2-APR-1987 08:38:53.27</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0818&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 152 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The Bank of England said it had given the
+money market a further 152 mln stg assistance in the afternoon
+session.
+    This takes the Bank's total help so far today to 497 mln
+stg and compares with its forecast of a shortage in the system
+of around 700 mln stg which it earlier revised down from 800
+mln.
+    The central bank made outright purchases of bank bills
+comprising 34 mln stg in band one at 9-7/8 pct, 39 mln stg in
+band two at 9-13/16 pct, 51 mln stg in band three at 9-3/4 pct
+and 28 mln stg in band four at 9-11/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1571" NEWID="12495">
+<DATE> 2-APR-1987 08:39:23.74</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0819&#31;reute
+f f BC-BANK-OF-FRANCE-LEAVES   04-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> BANK OF FRANCE LEAVES INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1572" NEWID="12496">
+<DATE> 2-APR-1987 08:44:55.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0828&#31;reute
+b f BC-/IBM-&lt;IBM>-INTRODUCES   04-02 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> INTRODUCES NEW PERSONAL COMPUTERS</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>International Business Machines Corp
+said it introduced four new personal computers, including a top
+of the line unit based on the powerful Intel Corp &lt;INTC> 80386
+chip.
+    The company said the new PC's are compatible with most
+existing IBM PC applications.          
+    The new computers, which mark the first major overhaul of
+the IBM PC line since the company entered the business in 1981,
+include a PC based on the Intel Corp &lt;INTC> 80386
+microprocessor, making it the most powerful IBM PC to date.
+    Also included is an Intel 8086 based system which IBM said
+is up to two and a half times as fast as its IBM PC XT model.
+    IBM also introduced two new versions of its PC AT system.
+These use an Intel 80286 chip running at 50 pct faster than the
+existing IBM PC AT.
+    The new line of PC's, which IBM calls the Personal
+System/2, uses 3.5 inch diskettes instead of the conventional
+5.25 inch diskettes.
+    The company said the smaller diskettes store from two to
+four times more data than larger diskette, which typically
+handle 360 kilobytes of data.
+    IBM said the new PC AT's and the 80386-based PC use a new
+IBM-designed 32-bit data bus. This carries data internally
+within the PC.
+    The company said the new bus offers processing power up to
+two to three-and-a-half times the existing IBM PC AT.
+    IBM said the new PC's can run a new operating system,
+called IBM DOS Version 3.3, which is now available.
+    The company also said it will offer a second operating
+system, called IBM Operating System/2, developed jointly with
+Microsoft Corp &lt;MSFT>. This will be available in stages,
+beginning in the first quarter of 1988.
+    IBM said Operating System/2 will for the first time give
+IBM PC users the ability to access multiple applications and
+very large programs and amounts of data.
+    IBM said said its Personal System/2 Model 30, which is an
+Intel 8-megahertz (MHz) 8086-based system, is now available at
+a list price of 1,695 dlrs each with two diskette drives and
+for 2,295 dlrs with one diskette and one 20-megabyte fixed disk
+drive. The unit weighs 17 pounds.
+    It said an 8087 math coprocessor that runs at the same
+eight MHz rate as the 8086 is available.
+    The company said the Personal System/2 Model 50, an Intel
+10 MHz 80286-based desktop system, is now available at a cost
+of 3,595 dlrs.
+    IBM said said its Personal System/2 Model 60, which is also
+an Intel 10 MHz 80286-based system, is a floor-standing system
+available in two configurations. This system, which is
+scheduled for availability in the second quarter, lists at
+5,295 dlrs with a 44MB fixed disk drive and 6,295 dlrs on the
+70MB fixed disk drive.
+    The company said the Personal System/2 80 is the most
+powerful member of the new family of PC's, using an Intel
+80386-based mocroprocessor. The floor-standing machine will be
+available in three configurations.
+    IBM said one Model 80 configuration, scheduled for July
+availability at a cost of 6,995 dlrs, runs at 16 MHz, contains
+1MB of memory and features a 44MB fixed disk drive.
+    A second configuration, also scheduled for July at 8,495
+dlrs each, runs at 16 MHz and has 2MB of memory and a 70MB
+fixed disk drive.
+    The company said the third Model 80 is scheduled for the
+fourth quarter and features IBM-designed one-megabit memory
+technology. Expected to cost 10,995 dlrs, it runs at 20 MHz and
+features 2MB of memory and a 115 MB fixed disk drive.
+   
+    IBM said its Personal System/2 incorporates enhanced
+integrated graphics functions including significantly improved
+text, expanded colors up to 256 out of a palette of more than
+256,000, and sharper business graphics.
+    The company said the Models 50, 60 and 80 Video Graphics
+Array supports 640 x 480 x 16 colors in graphics mode and 720 x
+400 x 16 colors in text mode. It will also support the new 320
+x 200 x 256 color mode.
+    With the addition of the new advanced graphics feature, IBM
+said, 1024 x 768 addressability also can be obtained.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1573" NEWID="12497">
+<DATE> 2-APR-1987 08:45:16.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0830&#31;reute
+u f PM-HIGHWAY--(SCHEDULED)   04-02 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE VOTE ON REAGAN'S VETO REMAINS IN DOUBT</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>A partisan battle over President
+Reagan's veto of an 88-billion dlr highway bill resumes in the
+Senate today after an apparent victory for the White House was
+left in doubt when a key Democrat switched his vote 
+    The Senate yesterday had voted to sustain Reagan's veto by
+a narrow margin, but Democrats moved to reconsider the vote.
+Terry Sanford of North Carolina, the only Democrat to support
+Reagan, later said he had decided to vote to override when the
+bill is reconsidered.
+    If no other votes switch, the Senate would override the
+veto on reconsideration, Senate Republican leader Robert Dole
+of Kansas said. He said Reagan and Administration officials
+would continue to lobby for votes to sustain the veto.
+    "As of right now, the vote would be 67 to 33 (in favor of
+the bill) and the veto would be overriden," Dole said. 
+    After several hours of delay, Senate leaders were unable to
+agree on a time for a second vote and the Senate recessed until
+this morning with the issue unresolved.
+    Sanford denied he had been pressured to change his vote,
+but told the Senate, "I have talked to and have been talked to
+by a number of senators. I have thought a little more deeply
+about this vote."
+    The first Senate vote put Reagan on the verge of a
+political triumph he had sought to show he is rebounding
+strongly from the Iran arms scandal.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1574" NEWID="12498">
+<DATE> 2-APR-1987 08:48:15.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0837&#31;reute
+u f PM-YUGOSLAVIA-STRIKE   04-02 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOUSANDS STAGE STRIKES IN EASTERN YUGOSLAVIA</TITLE>
+<DATELINE>    BELGRADE, April 2 - </DATELINE><BODY>About 10,000 workers have gone on
+strike in eastern Yugoslavia during the past few days demanding
+higher wages, the official Tanjug news agency said.
+    It said about 20 strikes broke out in the Yugoslav republic
+of Montenegro, triggered by falling incomes and minimum wages.
+More than 600 workers in the Visokogradnja construction firm at
+Titograd left their jobs because they had not been paid for
+three months, Tanjug said.
+    Yugoslavia has been hit by a wave of strikes after the
+government introduced a pay freeze in February to try to stem
+wage rises and almost 100 pct inflation.
+    Tanjug said the majority of the strikes in Montenegro were
+in loss making companies whose weaknesses would have led to
+unrest even if a wages freeze had not been implemented.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1575" NEWID="12499">
+<DATE> 2-APR-1987 08:49:35.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>ireland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0841&#31;reute
+b f BC-IRELAND-ISSUES-300-ML   04-02 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRELAND ISSUES 300 MLN MARK EUROBOND</TITLE>
+<DATELINE>    FRANKFURT, April 2 - </DATELINE><BODY>Ireland is raising 300 mln marks
+through a 10-year eurobond with a 6-1/2 pct coupon priced at
+100-1/2, lead manager Commerzbank AG said.
+    The bond, with a yield at issue of 6.43 pct, will pay
+annual interest on April 29. Listing is in Frankfurt, the bank
+said.
+    Investors will pay for the bond on April 29, and the bond
+matures on the same day in 1997. The bond will be issued in
+denominations of 1,000 and 10,000 marks.
+    Fees total 2-1/2 pct, with 1-1/2 points for selling and 1/2
+each for management and underwriting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1576" NEWID="12500">
+<DATE> 2-APR-1987 08:50:51.72</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0842&#31;reute
+u f BC-FRENCH-FREE-MARKET-CE   04-02 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>French operators have requested licences
+to export 422,000 tonnes of free market maize, 212,000 tonnes
+of barley and 20,000 tonnes of feed wheat at today's EC tender,
+trade sources said.
+    For the maize, rebates requested range between 129.25 and
+138.74 European currency units per tonne, for the barley
+between 138.94 and 145 Ecus and for feed wheat 141.75 Ecus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1577" NEWID="12501">
+<DATE> 2-APR-1987 08:52:30.45</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0845&#31;reute
+b f BC-BANK-OF-FRANCE-LEAVES   04-02 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE LEAVES INTERVENTION RATE UNCHANGED</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>The Bank of France said it left its
+intervention rate unchanged at 7-3/4 pct when it injected funds
+to the market against first category paper in todays money
+market intervention tender.
+    Money market dealers had earlier expressed mixed views on a
+possible quarter point cut.
+    The rate was last adjusted on March 9, when it was reduced
+to 7-3/4 pct from the eight pct rate set in January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1578" NEWID="12502">
+<DATE> 2-APR-1987 09:00:26.33</DATE>
+<TOPICS><D>wool</D></TOPICS>
+<PLACES><D>mauritius</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0857&#31;reute
+d f BC-MAURITIUS-LIFTS-DUTY   04-02 0159</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAURITIUS LIFTS DUTY ON TEXTILE-RELATED GOODS</TITLE>
+<DATELINE>    PORT LOUIS, April 2 - </DATELINE><BODY>Mauritius has lifted import duties on
+textiles and other goods connected with the textile industry as
+part of its economic liberalisation programme, Finance Minister
+Vishnu Lutchmeenaraido said.
+    Lutchmeenaraido said the move was aimed at boosting the
+local textiles industry and making this Indian Ocean island a
+shopping paradise for textile goods. He said all types of
+textiles, textile machinery and associated goods such as sewing
+thread, buttons and collar supports would be placed on the
+duty-free list, effective from April 1.
+    Official sources said the government was also planning to
+abolish import duties on fertiliser and agricultural equipment,
+with the liberalisation measures would be extended to other
+areas of industry later.
+    The textiles industry dominates Mauritius's Export
+Processing Zone, and the island has become a major exporter of
+woollen knitwear.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1579" NEWID="12503">
+<DATE> 2-APR-1987 09:03:21.43</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0864&#31;reute
+r f BC-NP-ENERGY-&lt;NPEEQ>-SAY   04-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NP ENERGY &lt;NPEEQ> SAYS TRUSTEE APPOINTED</TITLE>
+<DATELINE>    LOS ANGELES, April 2 - </DATELINE><BODY>NP Energy Corp said the U.S.
+Bankruptcy Court has indicated it will appoint a trustee to
+oversee the company's Chapter 11 bankruptcy proceedings.
+    It said it hopes the appointment will thwart "hostile"
+actions being pursued by two unsecured creditors to whose
+claims the company objects.
+    NP further said the Nielsen 1-20 well in Duchesne County,
+Utah, has tested 300 barrels of oil per day.  NP owns a 61 pct
+working interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1580" NEWID="12504">
+<DATE> 2-APR-1987 09:05:13.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0869&#31;reute
+r f BC-CPC-INTERNATIONAL-&lt;CP   04-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPC INTERNATIONAL &lt;CPC> SELLS SOUTH AFRICAN UNIT</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., April 2 - </DATELINE><BODY>CPC International Inc
+said it has completed the sale of its South African subsidiary
+Robertsons Pty Ltd to a consortium of European and South
+African investors for an undisclosed amount in excess of book
+value due to the increasing difficulty of operating there.
+    It said the operation accounted for less than two pct of
+worldwide sales of 4.5 billion dlrs in 1986.
+    The company said small royalties expected to result from
+use of CPC trademarks by the new owners will be utilized for
+social programs in south Africa."  It said no significant
+impact on earnings is expected from the sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1581" NEWID="12505">
+<DATE> 2-APR-1987 09:05:33.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0871&#31;reute
+r f BC-giant   04-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GIANT YELLOWKNIFE MINES LTD> 4TH QTR NET</TITLE>
+<DATELINE>    TORONTO, April 2 -
+    </DATELINE><BODY>Shr 23 cts vs 46 cts
+    Net 987,000 vs 1,990,000
+    Revs 14.6 mln vs 15.0 mln
+    Year
+    Shr 89 cts vs 1.32 dlrs
+    Net 3,846,000 vs 5,690,000
+    Revs 58.1 mln vs 56.6 mln
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1582" NEWID="12506">
+<DATE> 2-APR-1987 09:05:51.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0872&#31;reute
+d f BC-NORTH-EAST-INSURANCE   04-02 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH EAST INSURANCE CO &lt;NEIC> 4TH QTR LOSS</TITLE>
+<DATELINE>    PORTLAND, Maine, April 2 -
+    </DATELINE><BODY>Shr loss 85 cts vs loss 1.36 dlrs
+    Net loss 1,653,386 vs loss 2,646,876
+    Year
+    Shr loss 12 cts vs loss 1.30 dlrs
+    Net loss 236,469 vs loss 2,522,293
+    NOTE: Year net includes realized investment gains of
+734,609 dlrs vs 645,438 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1583" NEWID="12507">
+<DATE> 2-APR-1987 09:06:01.52</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0873&#31;reute
+b f BC-U.S.-FIRST-TIME-JOBLE   04-02 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FIRST TIME JOBLESS CLAIMS ROSE IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>New applications for unemployment
+insurance benefits rose to a seasonally adjusted 355,000 in the
+week ended March 21 from 341,000 in the prior week, the Labor
+Department said.
+    The number of people actually receiving benefits under
+regular state programs totaled 2,480,000 in the week ended
+March 14, the latest period for which that figure was
+available.
+    That was up from 2,454,000 the previous week.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1584" NEWID="12508">
+<DATE> 2-APR-1987 09:07:54.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0879&#31;reute
+f f BC-******MELLON-BANK-EXP   04-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MELLON BANK EXPECTS TO REPORT A FIRST QUARTER LOSS OF 55 MLN TO 65 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1585" NEWID="12509">
+<DATE> 2-APR-1987 09:09:03.65</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0882&#31;reute
+u f BC-FIRST-CHICAGO-&lt;FNB>-R   04-02 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CHICAGO &lt;FNB> RAISES PRIME RATE</TITLE>
+<DATELINE>    CHICAGO, April 2 - </DATELINE><BODY>First Chicago Corp said its First
+National Bank of Chicago raised its prime rate to 7-3/4 pct
+from 7-1/2 pct, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1586" NEWID="12510">
+<DATE> 2-APR-1987 09:09:27.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0883&#31;reute
+b f BC-HOKKAIDO-TAKUSHOKU-BA   04-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOKKAIDO TAKUSHOKU BANK ISSUES CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Hokkaido Takushoku Bank Ltd is issuing a
+100 mln dlr convertible eurobond due March 31, 2002 paying an
+indicated coupon of two pct lead managed by Takugin
+International, bookrunner Yamaichi International Ltd said.
+    The par-priced issue is callable from 1990 at 104 pct
+declining by 1/2 pct per annum to par thereafter but is not
+callable until 1991 unless the share price exceeds the
+conversion price by 150 pct.
+    Final terms will be fixed on April 9. The selling
+concession is 1-1/2 pct while management and underwriting each
+pay 1/2 pct. The payment date is April 30 and there is a short
+first coupon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1587" NEWID="12511">
+<DATE> 2-APR-1987 09:10:20.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0884&#31;reute
+f f BC-******MELLON-BANK-SAY   04-02 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MELLON BANK SAYS IT WILL CUT DIVIDEND TO 35 CTS A SHR FROM 69 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1588" NEWID="12512">
+<DATE> 2-APR-1987 09:11:22.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0886&#31;reute
+r f BC-barrick   04-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN BARRICK &lt;ABX> SELLS OHIO ASSETS</TITLE>
+<DATELINE>    TORONTO, April 2 - </DATELINE><BODY>American Barrick Resources Corp said it
+sold two coal supply agreements and substantially all assets at
+its two coal mines in Ohio to &lt;Peabody Coal Co> of Henderson,
+Kentucky, for an undisclosed price.
+    The company said proceeds from this sale, together with the
+sale of the remaining coal assets, should allow it to fully
+recover its investment in the operations.
+    It said the transactions will complete its previously
+announced plan to sell all non-gold assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1589" NEWID="12513">
+<DATE> 2-APR-1987 09:11:32.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0887&#31;reute
+u f BC-TOSHIBA-PRODUCES-SUPE   04-02 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOSHIBA PRODUCES SUPERCONDUCTIVE WIRE</TITLE>
+<AUTHOR>    By James Kynge, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>Officials at Toshiba &lt;TSBA.T> told
+reporters they have developed a kind of wire which can conduct
+electricity with no resistance and therefore no loss of power.
+    Although other firms have developed such superconductive
+materials, Toshiba scientists said their discovery is the first
+that allows the material to be formed into a pliable wire.
+    Developing a superconducting material that works at room
+temperature with no resistance is the object of a frenetic
+worldwide scientific race. The main applications would be in
+super powerful magnets, small computers of immense power and
+speed, electric transmission lines which use negligible power,
+and electric generators which consume no power.
+    Toshiba said that it will probably be five years before it
+can incorporate superconductors in marketable machines.
+    But problems still have to be surmounted. Present
+superconductors, including Toshiba's, need to be cooled to very
+low temperatures before they can pass electricity with no
+resistance. This requires costly liguid gas coolants.
+    Superconductors developed to date transmit only small
+currents and cannot conduct alternating current, only direct
+current, government scientists said.
+    Toshiba, which spent 190.3 billion yen on research and
+development in the year ended March 31 1986, counts itself
+among the leading superconductor research companies in Japan,
+manager of Toshiba's public relations Yuji Wakayama said..
+    The wires the company uses are a blend of yttrium, barium
+and copper oxide and can conduct with no resistance at minus
+179.5 degrees centigrade.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1590" NEWID="12514">
+<DATE> 2-APR-1987 09:12:36.81</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0892&#31;reute
+r f BC-COMERICA-&lt;CMCA>-RAISE   04-02 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMERICA &lt;CMCA> RAISES PRIME RATE</TITLE>
+<DATELINE>    DETROIT, April 2 - </DATELINE><BODY>Comerica Inc said it raised its prime
+interest rate to 7-3/4 pct from 7-1/2 pct, effective April 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1591" NEWID="12515">
+<DATE> 2-APR-1987 09:13:33.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0895&#31;reute
+r f BC-NORTH-EAST-&lt;NEIC>-MAY   04-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH EAST &lt;NEIC> MAY VIOLATE CAPITAL RULES</TITLE>
+<DATELINE>    PORTLAND, Maine, April 2 - </DATELINE><BODY>North East Insurance Co said due
+to the magnitude of its losses in 1986 and 1985, it may be
+found in violation of minimum capital and surplus requirements
+by officials in Maine and New York and be subject to sanctions
+and administrative actions in those and other states.
+    The company today reported a 1986 loss of 236,469 dlrs,
+after realized investment gains of 734,609 dlrs, compared with
+a 1985 loss of 2,522,293 dlrs, after investment gains of
+645,438 dlrs.  Its fourth quarter net loss was 1,653,386 dlrs,
+compared with 2,646,876 dlrs.
+    The company said its fourth quarter and year losses
+resulted from additions to loss reserves.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1592" NEWID="12516">
+<DATE> 2-APR-1987 09:13:45.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0897&#31;reute
+d f BC-ELECTROMEDICS-INC-&lt;EL   04-02 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROMEDICS INC &lt;ELMD> YEAR NET</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., April 2 -
+    </DATELINE><BODY>Shr profit nil vs loss three cts
+    Net profit 140,022 vs loss 882,869
+    Revs 13.3 mln vs 8,870,035
+    Avg shrs 45.0 mln vs 35.0 mln
+    Backlog 1,683,000 vs 978,000
+    NOTE: Current year net includes tax credit of 51,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1593" NEWID="12517">
+<DATE> 2-APR-1987 09:14:01.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0898&#31;reute
+r f BC-ELECTROMEDICS-&lt;ELMD>   04-02 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROMEDICS &lt;ELMD> TO TAKE 1ST QTR CHARGE</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., April 2 - </DATELINE><BODY>Electromedics Inc said it
+expects to take a 150,000 dlr charge against first quarter
+results due to the conversion of debentures.
+    The company said, however, it expects "positive" operating
+comparisons for the period.  Electromedics lost 6,000 dlrs in
+last year's first quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1594" NEWID="12518">
+<DATE> 2-APR-1987 09:15:38.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0901&#31;reute
+h f BC-BRITISH-TELECOM-TO-SE   04-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH TELECOM TO SELL EQUIPMENT IN NORTH AMERICA</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>British Telecommunications Plc &lt;BTY.L>
+will market electronic data transmission equipment of its own
+design in North America, a spokesman said.
+    The spokesman told Reuters the equipment, known as
+fourth-generation modems, will be sold by &lt;Mitel Datacom Inc>,
+a wholly-owned subsidiary of Canada's Mitel Corp &lt;MLT.TO>, in
+which British Telecom has a controlling stake.
+    He declined to comment on the volume of projected sales. He
+said the modems, already available in Europe where they hold a
+majority share of the market, were the first of their kind to
+comply with the latest international standards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1595" NEWID="12519">
+<DATE> 2-APR-1987 09:16:48.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0903&#31;reute
+u f BC-LABOUR-GROUP-URGES-SU   04-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LABOUR GROUP URGES SUPPORT FOR RAILWAY STRIKERS</TITLE>
+<DATELINE>    JOHANNESBURG, April 2 - </DATELINE><BODY>South Africa's largest labour
+federation has issued a broad call to the country's trade union
+movement to support thousands of striking black railway workers
+and criticised the state-owned rail company for threatening to
+replace the strikers with whites.
+    Jay Naidoo, general secretary of the Congress of South
+African Trade Unions (COSATU), which claims a membership of
+over 600,000 workers, most of whom are black, urged labour
+unions to show solidarity with the striking railwaymen, adding
+that a key issue in the strike was the freedom of workers to
+join trade unions of their choice.
+    Naidoo criticised the government-run South African
+Transport Services (SATS) for refusing to recognise the South
+African Railway and Harbours Workers Union, which represents
+most of the strikers.
+    He also accused SATS of applying "racist labour policies," by
+threatening to replace the strikers and added that the
+corporation's decision had further "inflamed the dispute."
+    The strike began on March 14 when workers walked out
+following the railway company's refusal to go to formal
+arbitration talks over the dismissal of a train driver.
+    SATS says that some 13,000 workers are involved in the
+stoppage, but union leaders put the number of strikers closer
+to 18,000.
+    The Cosatu official said a number of its affiliate unions
+had resolved to "take solidarity action" and would inform South
+Africa's Labour Minister of their decision. He also urged the
+country's two largest employer groups, the Association of
+Chambers of Commerce and the Federated Chamber of Industries,
+to intervene to resolve the strike.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1596" NEWID="12520">
+<DATE> 2-APR-1987 09:19:50.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0912&#31;reute
+r f BC-SHELDAHL-INC-&lt;SHEL>-2   04-02 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELDAHL INC &lt;SHEL> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    MINNEAPOLIS, April 2 -
+    </DATELINE><BODY>Shr 24 cts vs four cts
+    Net 663,000 vs 109,000
+    Sales 20.5 mln vs 13.9 mln
+    Six mths
+    Shr 48 cts vs nine cts
+    Net 1,311,000 vs 255,000
+    Sales 43.2 mln vs 30.0 mln
+    Avg shrs 2,719,205 vs 2,804,048
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1597" NEWID="12521">
+<DATE> 2-APR-1987 09:20:46.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0915&#31;reute
+b f BC-/MELLON-&lt;MEL>-SEES-LA   04-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELLON &lt;MEL> SEES LARGE FIRST-QUARTER LOSS</TITLE>
+<DATELINE>    PITTSBURGH, PA., April 2 - </DATELINE><BODY>Mellon Bank Corp said it expects
+to report a loss for the first quarter in the range of 55 mln
+to 65 mln dlrs or 2.13 to 2.15 dlrs a share.
+    The company also said it intends to reduce its second
+quarter common stock dividend to 35 cts a share from 69 cts.
+    Mellon said it will make a provision for loan losses in the
+first quarter of 175 mln dlrs, reflecting about 95 mln dlrs in
+charge-offs and 80 mln dlrs in additions to the loan-loss
+reserve.
+    It will also put 310 mln dlrs in Brazilian loans on a cash
+basis, resulting in interest reversals of 10 mln dlrs.
+    In the first quarter of 1986, Mellon earned 60.4 mln dlrs
+or 2.13 dlrs a share.
+    Chairman David Barnes said the loan charge-offs and
+increased provisions address four areas of concern in the
+bank's wholesale lending portfolio - the energy sector,
+developing countries, some basic industrial companies and
+several commercial real estate businesses.
+    Mellon said the loan loss reserve at the end of the first
+quarter is estimated to be 575 mln dlrs, or about 2.5 pct of
+the loan book, compared with 493.8 mln dlrs or 2.17 pct of
+total loans at the end of 1986.
+    Mellon said its primary capital ratio at the end of the
+first quarter will be in line with the end-1986 figure of 7.23
+pct, well in excess of regulatory guidelines.
+    Non-performing loans at quarter-end are estimated at 1.45
+billion dlrs, or 6.5 pct of the loan portfolio, compared with
+928 mln dlrs or 3.94 pct at the end of 1986.
+    Barnes noted that Mellon has a bigger involvement in
+energy-based lending than many other banks. Because of the lack
+of a substantial recovery in energy prices this year,
+especially in natural gas prices, it was felt prudent to
+increase reserves and take losses on loans in this sector.
+    "This action relates both to loans to companies directly
+involved in energy, as well as loans to real estate developers,
+home builders and financial institutions in the Southwestern
+United States," Barnes said.
+    As for LDC loans, he said Mellon had removed about 80 mln
+dlrs in fully current Argentine loans from cash basis but had
+charged off about 20 mln dlrs in private-sector Mexican debt.
+    He said Mellon, which was ordered in December to quit
+Brazil because of its refusal to renew some short-term credit
+lines, expects to participate in efforts to helpt Brazil and
+other sovereign borrowers to reschedule their debts.
+    Loans to basic industries were not major contributors to
+the increase in non-performing assets or to first-quarter
+charge offs, but Mellon said it remains concerned about the
+absence of a strong recovery in steel and related industries.
+    The increase in reserves, the dividend cut and continued
+management cost-cutting are aimed at ensuring that Mellon has
+the financial strength to deal with current uncertainties,
+Barnes said.
+    "We cannot predict when the uncertainties that presently
+trouble us will end, but we are confident we are managing them
+aggressively," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1598" NEWID="12522">
+<DATE> 2-APR-1987 09:21:03.46</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>dmk</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0916&#31;reute
+r f BC-TURKISH-CENTRAL-BANK   04-02 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH CENTRAL BANK SETS LIRA/DOLLAR, DM RATES</TITLE>
+<DATELINE>    ANKARA, April 2 - </DATELINE><BODY>Turkey's Central Bank set a lira/dollar
+rate for April 3 of 782.50/786.41 to the dollar, down from
+780.00/783.90. It set a lira/D-mark rate of 428.30/430.44 to
+the mark, up from 429.15/431.30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1599" NEWID="12523">
+<DATE> 2-APR-1987 09:21:33.27</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0918&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-02 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 40 MLN STG LATE HELP</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with around 40 mln stg late assistance. This
+takes the Bank's total help today to some 537 mln stg and
+compares with its estimate of a 700 mln stg shortage.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1600" NEWID="12524">
+<DATE> 2-APR-1987 09:23:12.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0921&#31;reute
+d f BC-KLOECKNER-SEES-FURTHE   04-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLOECKNER SEES FURTHER GROWTH IN ENGINEERING</TITLE>
+<DATELINE>    HANOVER, West Germany, April 2 - </DATELINE><BODY>Kloeckner-Werke AG
+&lt;KLKG.F> should have turnover this year around 1985/86's 2.4
+billion marks though more growth is likely in engineering in
+coming years, management board chairman Herbert Gienow said.
+    He told a news conference at the trade fair here that by
+the mid-1990s turnover should reach between six and seven
+billion marks, mainly through acquisitions totalling "several
+hundred million marks."
+    Kloeckner reported in March higher profits in its
+engineering sector which enabled it to raise profits by nearly
+a third in the 1985/86 year to 45.2 mln marks from 33.8 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1601" NEWID="12525">
+<DATE> 2-APR-1987 09:23:23.28</DATE>
+<TOPICS><D>austdlr</D><D>dmk</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0923&#31;reute
+u f BC-CITIBANK-SELLS-MARK/A   04-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIBANK SELLS MARK/AUSTRALIAN DLR WARRANTS</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Citicorp said that on behalf of its
+Citibank N.A. Subsidiary, it is issuing 100,000 naked currency
+warrants priced at 67-1/2 marks each to purchase Australian
+dlrs for marks at a rate of 1.1825 marks per Australian dlr.
+    The current rate is 1.2850 marks per Australian dlr. Each
+warrant is for a nominal amount of 1,000 marks and the minimum
+purchase will be for 100 warrants.
+    The warrants expire on January 8, 1988. Payment is due on
+April 8 and the warrants will be listed on the Luxembourg Stock
+Exchange.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1602" NEWID="12526">
+<DATE> 2-APR-1987 09:26:20.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0932&#31;reute
+r f BC-PIER-ONE-ACCELERATES   04-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIER ONE ACCELERATES WARRANT &lt;PIRWS> EXPIRATION</TITLE>
+<DATELINE>    FORT WORTH, Texas, April 2 - </DATELINE><BODY>Pier One Imports Inc &lt;PIR>
+said its board has accelerated the expiration date of the
+company's warrants to May 11, 1987, from July 15, 1988.
+    To the extent any warrants remain outstanding after May 11,
+they will automatically convert into common shares at the rate
+of one share for each 100 warrants.
+    Each warrant entitles the holder to purchase 3.46 common
+shares and 0.17 of its 25 cts preferred for 22 dlrs, the
+company noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1603" NEWID="12527">
+<DATE> 2-APR-1987 09:27:05.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0936&#31;reute
+r f BC-THERMO-ELECTRON-&lt;TMO>   04-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERMO ELECTRON &lt;TMO> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Thermo Electron Corp is raising 75 mln
+dlrs via an offering of convertible subordinated debentures due
+2012 with a 5-3/4 pct coupon and par pricing, said lead manager
+Shearson Lehman Brothers Inc.
+    The debentures are convertible into the company's stock at
+30.50 dlrs per share, representing a premium of 25.77 pct over
+the stock price when terms on the debt were set.
+    Non-callable for two years, the issue is rated Ba-3 by
+Moody's Investors and BB by Standard and Poor's. Drexel Burnham
+and Tucker Anthony co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1604" NEWID="12528">
+<DATE> 2-APR-1987 09:27:12.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0937&#31;reute
+r f BC-LANDMARK-SAVINGS-&lt;LSA   04-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANDMARK SAVINGS &lt;LSA> TO REPURCHASE SHARES</TITLE>
+<DATELINE>    PITTSBURGH, April 2 - </DATELINE><BODY>Landmark Savings Association said its
+board has authorized the repurchase of up to 100,000 shares,
+or four pct of its outstanding stock, from time to time over the
+next 12 months.
+    It said purchases are expected to start around May Four.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1605" NEWID="12529">
+<DATE> 2-APR-1987 09:27:28.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0938&#31;reute
+r f BC-FIRST-FEDERAL-FORT-MY   04-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL FORT MYERS &lt;FFMY> TO MAKE PURCHASE</TITLE>
+<DATELINE>    FORT MYERS, Fla., April 2 - </DATELINE><BODY>First Federal Savings and Loan
+Association of Fort Myers said its board has executed a letter
+of intent to acquire First Presidential Savings and Loan
+Association of Sarasota, Fla., for 8,500,000 dlrs in cash.
+    The company said a definitive agreement is expected to be
+executed by May 15 and the transaction is expected to be
+completed by year-end.
+    The purchase price is subject to an increase on a dollar
+for dollar basis to the extent that the net worth of First
+Presidentail exceeds 4,100,000 dlrs at the time of closing, the
+company said.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1606" NEWID="12530">
+<DATE> 2-APR-1987 09:27:39.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0940&#31;reute
+f f BC-******ELI-LILLY-AND-C   04-02 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ELI LILLY AND CO PLANS TO SELL ITS ELIZABETH ARDEN SUBSIDIARY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1607" NEWID="12531">
+<DATE> 2-APR-1987 09:31:17.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0942&#31;reute
+u f BC-SAN-DIEGO-GAS-&lt;SDO>-S   04-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAN DIEGO GAS &lt;SDO> SEES DECISION HURTING NET</TITLE>
+<DATELINE>    SAN DIEGO, April 2 - </DATELINE><BODY>San Diego Gas and Electric Co said a
+California Public Utilities Commission decision to reconsider
+allowing only 20 mln dlrs of the 69 mln dlrs in San Onofre
+nuclear station costs it disallowed makes it likely that
+earnings in 1987 will be reduced at least 36 cts per share.
+    The company said if the decision to disallow the other 20
+mln dlrs is not changed, earnings would be penalized by another
+19 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1608" NEWID="12532">
+<DATE> 2-APR-1987 09:34:34.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0955&#31;reute
+b f BC-/ELI-LILLY-&lt;LLY>-TO-S   04-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELI LILLY &lt;LLY> TO SELL ELIZABETH ARDEN UNIT</TITLE>
+<DATELINE>    INDIANAPOLIS, April 2 - </DATELINE><BODY>Eli Lilly and Co said its board
+decided to sell Elizabeth Arden Inc, a wholly owned subsidiary
+that manufactures and markets cosmetics and fine fragrance
+products.
+    It said the business, which had sales of 67 mln dlrs when
+it was acquired in 1971, had sales last year of 398 mln dlrs,
+up 12 pct from 1985. It had operating profits of about 33 mln
+dlrs in 1986.
+    Lilly said it retained Morgan Stanley and Co to help
+evaluate offers.
+    Lilly said it expects to use the after-tax proceeds from
+the sale of its cosmetics business for general corporate
+purposes, including the repurchase from time to time of its
+common stock or warrants on the open market.
+    In a statement, Lilly Chairman Richard Wood said "This
+strategic decision was reached on the basis of our belief that
+in the future the corporation's resources, including its
+research activities, should be focused on its other business
+which have a high technology, life sciences orientation."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1609" NEWID="12533">
+<DATE> 2-APR-1987 09:34:48.21</DATE>
+<TOPICS><D>iron-steel</D><D>crude</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0957&#31;reute
+r f BC-MADRID-METRO-HALTED-A   04-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MADRID METRO HALTED AS SPANISH STRIKES SPREAD</TITLE>
+<DATELINE>    MADRID, April 2 - </DATELINE><BODY>An estimated 1.2 mln metro users in
+Madrid were stranded today as striking railway workers halted
+the underground transport system, industry sources said. The
+strikers joined coal miners, steel and oil refinery workers in
+Spain's latest wave of stoppages over wage demands.
+    Some 10,000 pitmen in the northern province of Leon entered
+the second day of an indefinite stoppage to demand wage rises
+and a five-day working week, the sources said.
+    Oil refinery workers picketed the state-owned Empresa
+Nacional de Petroleo SA (EMP) to prevent fuel lorries leaving
+the company's largest plant in Puertollano, central Spain.
+    Paramilitary police were guarding steel mills at Reinosa,
+in northern Spain, from the daily protests against planned job
+cuts. A local government official said the police force would
+remain in place until tempers had cooled down.
+    More than 60 people were injured in pitched battles between
+police and steel foundry workers in Reinosa last month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1610" NEWID="12534">
+<DATE> 2-APR-1987 09:37:18.77</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0962&#31;reute
+r f BC-BELGIAN-UNEMPLOYMENT   04-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN UNEMPLOYMENT FALLS IN MARCH</TITLE>
+<DATELINE>    BRUSSELS, April 2 - </DATELINE><BODY>Belgian unemployment, based on the
+number of jobless drawing unemployment benefit, fell to 11.8
+pct of the working population at the end of March from 12.1 pct
+at end of February, the National Statistics Office said.
+    The rate compares with 12.0 pct at the end of March, 1986.
+    The total number of jobless stood at 495,208, compared with
+508,392 in February and 504,652 in March last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1611" NEWID="12535">
+<DATE> 2-APR-1987 09:39:45.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0972&#31;reute
+r f BC-bellcanada   04-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL CANADA &lt;BCE> UNIT SETS OFFERING TERMS</TITLE>
+<DATELINE>    VANCOUVER, April 2 - </DATELINE><BODY>&lt;BCE Development Corp>, about 69 pct
+owned by Bell Canada Enterprises Inc, said its previously
+announced offering of preferred shares will total 90 mln dlrs,
+with shares priced at 25 dlrs each.
+    It also said it will redeem its 75-cent class A shares at
+six dlrs a share plus accrued dividends on closing of the
+preferred share issue, expected April 22.
+    BCE Development said the cumulative redeemable retractable
+class A preferred shares will pay dividends at an annual rate
+equal to the higher of 2.25 Canadian dlrs a share or the
+Canadian dollar equivalent of 1.7186 U.S. dlrs.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1612" NEWID="12536">
+<DATE> 2-APR-1987 09:40:11.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0974&#31;reute
+r f BC-TIDEWATER-&lt;TDW>-COMPL   04-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIDEWATER &lt;TDW> COMPLETES DEBT RESTRUCTURE</TITLE>
+<DATELINE>    NEW ORLEANS, April 2 - </DATELINE><BODY>Tidewater Inc said it completed
+agreements to restructure about 125 mln dlrs in debt that call
+for payment of interest only through March 1989.
+    The deferral of all principal payments until April 1989
+will save the company 12 mln dlrs in cash flow in each of the
+next two years, it said.
+    The restructured agreements call for suspending dividend
+payment on Tidewater's common and convertible adjustable
+preferred stock and contain other restrictive covenants,
+including a requirement to maintain minimum tangible net worth.
+    &lt;Prudential Insurance Co> and Manufacturers Hanover Corp
+&lt;MHC>, the company's principle lenders, will receive as
+collateral a pledge of stock in Tidewater subsidiaries that own
+interests in oil and gas ventures offshore Indonesia.
+    Banca Nazionale del Lavoro, an Italian bank, will obtain a
+security interest in Tidewater's assets in Italy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1613" NEWID="12537">
+<DATE> 2-APR-1987 09:40:30.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0976&#31;reute
+r f BC-STANLEY-INTERIORS-&lt;ST   04-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANLEY INTERIORS &lt;STHF> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Stanley Interiors Corp is raising 25
+mln dlrs through an offering of convertible subordinated
+debentures due 2012 with a seven pct coupon and par pricing,
+said lead manager Salomon Brothers Inc.
+    The debentures are convertible into the company's common
+stock at 14.06 dlrs per share, representing a 25 pct premium
+over the stock price when terms on the debt were set.
+    Non-callable for two years, the issue is rated B-2 by
+Moody's and B-minus by Standard and Poor's. First Albany and
+Wheat First co-managed the deal, which was reduced from an
+initial offering of 30 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1614" NEWID="12538">
+<DATE> 2-APR-1987 09:40:39.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0978&#31;reute
+d f BC-KEY-CENTURION-&lt;KEYC>   04-02 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEY CENTURION &lt;KEYC> COMPLETES ACQUISITIONS</TITLE>
+<DATELINE>    CHARLESTON, W.Va., April 2 - </DATELINE><BODY>Key Centurion Bancshares Inc
+said it has completed the previously-announced acquisitions of
+Union Bancorp of West Virginia Inc and Wayne Bancorp Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1615" NEWID="12539">
+<DATE> 2-APR-1987 09:40:44.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0979&#31;reute
+d f BC-MERCHANTSBANK-&lt;MCBK>   04-02 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCHANTSBANK &lt;MCBK> FORMS NEW UNIT</TITLE>
+<DATELINE>    BOSTON, April 2 - </DATELINE><BODY>MerchantsBank said it has formed a new
+subsidiary, Merchants Title Corp, to provide settlement
+services for MerchantsBank subsidiaires.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1616" NEWID="12540">
+<DATE> 2-APR-1987 09:40:49.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0980&#31;reute
+d f BC-CB-AND-T-&lt;CBTB>-COMPL   04-02 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CB AND T &lt;CBTB> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    COLUMBUS, Ga., April 2 - </DATELINE><BODY>CB and T Bancshares Inc said it
+has completed the acquisition of First Community Bancshares Inc
+Of Tifton, Ga., which as assets of 62 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1617" NEWID="12541">
+<DATE> 2-APR-1987 09:41:44.02</DATE>
+<UNKNOWN> 
+^! 16#838#</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN>&#5;&#5;&#5;F
+&#22;&#22;&#1;f0985&#31;reute
+h f BC-SWISSAIR-TRAFFIC-RISE   04-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISSAIR REVENUE FALLS IN FEBRUARY</TITLE>
+<DATELINE>    ZURICH, April 2 - </DATELINE><BODY>Swissair &lt;SWSZ.Z> said that its traffic
+ volume rose six pct in February compared with a year earlier
+but revenues were down seven pct because of currency movements.
+    Cargo traffic rose 11 pct and passenger traffic was up six
+pct compared with February 1986.
+    The overall load factor slipped to 60 pct from 61 pct and
+the seat load factor fell to 56 pct from 58 pct in February
+1986.
+    Costs before depreciation were eight pct lower.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1618" NEWID="12542">
+<DATE> 2-APR-1987 09:42:58.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0992&#31;reute
+f f BC-******ELI-LILLY-TO-BU   04-02 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ELI LILLY TO BUY UP TO 2.3 MLN OF ITS COMMON SHARES TO OFFSET DILLUTION OF 10-YEAR NOTES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1619" NEWID="12543">
+<DATE> 2-APR-1987 09:43:13.89</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0994&#31;reute
+u f BC-COLOMBIA-BUYS-25,000   04-02 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA BUYS 25,000 TONNES FRENCH WHEAT - TRADE</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>Colombia recently bought 25,000 tonnes of
+French soft wheat at 108 dlrs per tonne, c and f, for end-April
+shipment, trade sources said.
+    This follows the country's tender for 25,000 tonnes of
+optional origin wheat for shipment April 20-30, they said.
+    France had not sold wheat to Colombia for several years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1620" NEWID="12544">
+<DATE> 2-APR-1987 09:43:49.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0999&#31;reute
+u f BC-GENERAL-PUBLIC-UTILIT   04-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL PUBLIC UTILITIES&lt;GPU> TO MAKE STATEMENT</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>A spokesman for General Public
+Utilities Corp said the company would have a statement later
+this morning.
+    Trading in the company's stock was delayed at the opening
+by the New York Stock Exchange, which indicated the company
+would make an announcement.
+    The spokesman would not elaborate on today's news.
+    Yesterday, the company said power output at its Three Mile
+Island unit one was cut to 81 pct of reactor power because of
+mineral deposits on the non-nuclear side of two steam
+generators.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1621" NEWID="12545">
+<DATE> 2-APR-1987 09:45:34.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1006&#31;reute
+f f BC-******GENERAL-PUBLIC   04-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL PUBLIC UTILITIES RESUMES DIVIDENDS ON COMMON STOCK, PAYS 15 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1622" NEWID="12546">
+<DATE> 2-APR-1987 09:45:50.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1008&#31;reute
+w f BC-ZIMBABWE-GOVERNMENT-B   04-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIMBABWE GOVERNMENT BUYS INTO ASTRA</TITLE>
+<DATELINE>    HARARE, April 2 - </DATELINE><BODY>The Zimbabwe government has bought 85 pct
+of the equity in &lt;Astra Corporation> for 25.5 mln dlrs from
+Netherlands-based &lt;Bommenede Houdstermaatschappij (Nederland
+BV)>, Astra announced.
+    Astra owns five companies with interests in engineering,
+paint manufacture and the distribution of farm machinery and
+equipment, motor vehicles and earthmoving equipment.
+    The company is now locally controlled with 80 pct of its
+equity owned by the government, 14 pct by the Dutch firm. A six
+pct stake was donated to the Astra Corporation Workers' Trust
+by the government and the Dutch company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1623" NEWID="12547">
+<DATE> 2-APR-1987 09:52:30.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1032&#31;reute
+f f BC-******HOLIDAY-CORP-SA   04-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HOLIDAY CORP SAID NEW JERSEY CASINO CONTROL CLEARS RECAPITALIZATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1624" NEWID="12548">
+<DATE> 2-APR-1987 09:53:30.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1036&#31;reute
+b f BC-ELI-LILLY-&lt;LLY>-TO-BU   04-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELI LILLY &lt;LLY> TO BUY 2.3 MLN SHARES</TITLE>
+<DATELINE>    INDIANAPOLIS, April 2 - </DATELINE><BODY>Eli Lilly and Co said its board
+approved a plan to buy up to 2.3 mln shares of its common stock
+to offset dilution from conversion of its 10-year notes issued
+in connection with the acquisition of Hybritech Inc in March
+1986.
+    The non-transferable notes pay interest at an annual rate
+of 6.75 pct. The notes, which mature on March 31, 1996, became
+convertible into 2.3 mln shares of Lilly stock at 66.31 dlrs a
+share beginning March 18, 1987.
+    Lilly said it will buy shares of stock from time to time in
+the open market at prevailing prices or in privately negotiated
+transactions.
+    The newly announced purchase plan is in addition to its
+existing anti-dilutive stock repurchase programs. Under these
+programs, the company systematically buys back shares in the
+open market to replace shares issued under its stock plan and
+acquisition earnout agreements.
+    Currently the only other potentially diluting instruments
+are the warrants that the company also issued in connection
+with the Hybritech acquisition.
+    Lilly issued 17.1 mln warrants with an expiration of March
+31, 1991. A warrant gives the holder the right to purchase one
+share of Lilly common at 75.98 dlrs. Since the acquisition,
+Lilly has repurchased 2.0 mln warrants, so there are currently
+15.1 mln outstanding.
+    The warrants are publicly traded on the New York Stock
+Exchange.
+    Because of the theoretical size of the dilution resulting
+from the outstanding warrants, warrants convertible notes,
+stock plan and acquisition earnout agreements, the company said
+it will be required to report earnings per share on a fully
+diluted basis beginnng with the first quarter of 1987.
+    At the end of February, Lilly had 139.6 mln shares
+outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1625" NEWID="12549">
+<DATE> 2-APR-1987 09:53:48.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1038&#31;reute
+f f BC-******UTILICORP-RECOM   04-02 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UTILICORP RECOMMENDS THREE-FOR-TWO SPLIT, DIVIDEND INCREASE AND ADDITIONAL CLASS OF STOCK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1626" NEWID="12550">
+<DATE> 2-APR-1987 09:55:29.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1043&#31;reute
+u f BC-GPU-&lt;GPU>-DECLARES-FI   04-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GPU &lt;GPU> DECLARES FIRST DIVIDEND SINCE 1979</TITLE>
+<DATELINE>    PARSIPANNY, N.J., April 2 - </DATELINE><BODY>General Public Utilities Corp
+said its board declared a dividend of 15 cts per share on
+common stock, its first dividend since it omitted payment in
+February 1980 as a result of the Three Mile Island nuclear
+accident in 1979.
+    The company said it was able to declare the dividend due to
+progress in the cleanup of Three Mile Island Unit Two.
+    A company spokesman said GPU expects to continue declaring
+dividends on a quarterly basis, with the rate depending on the
+progress of the cleanup and on other company operations.
+    GPU said the dividend is of "modest size," representing
+less than a third of the amount paid as a dividend by the
+average electric utility.
+    "As the operating companies need to return to the capital
+markets for debt and preferred stock, this should tend to
+produce lower cost and better terms," the company said.
+    The dividend is payable May 29 to holders of record April
+24.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1627" NEWID="12551">
+<DATE> 2-APR-1987 09:56:35.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1047&#31;reute
+u f BC-BRITTON-LEE-&lt;BLII>-SE   04-02 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITTON LEE &lt;BLII> SEES FIRST QUARTER LOSS</TITLE>
+<DATELINE>    LOS GATOS, Calif., April 2 - </DATELINE><BODY>Britton Lee Inc said it
+expects to report a loss on lower sales than it had anticipated
+for the first quarter.
+    The company earned 119,000 dlrs before a 70,000 dlr tax
+credit on sales of 7,227,000 dlrs in the year-ago period.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1628" NEWID="12552">
+<DATE> 2-APR-1987 09:57:58.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1054&#31;reute
+r f BC-CHERNOBYL-TO-CAUSE-PR   04-02 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHERNOBYL TO CAUSE PROBLEMS FOR SOVIET ELECTRICITY</TITLE>
+<DATELINE>    BRUSSELS, April 2 - </DATELINE><BODY>The Chernobyl nuclear plant disaster
+has left Soviet plans to extend nuclear power stations
+unchanged, but will in the long run cause major problems for
+the electricity industry, a Western expert said.
+    West German economics researcher Jochen Bethkenhagen, in a
+report presented to a NATO economics seminar, said increased
+targets for Soviet nuclear energy output showed the April,
+1986, disaster had not caused any change in Moscow's energy
+policy.
+    But the accident was expected to prompt design changes in
+future Soviet power stations to "exclude manipulations of safety
+equipment" of the sort that occurred at Chernobyl, he said.
+    This will presumably result in substantial delays in the
+completion of reactor blocks and in stricter quality controls
+during the construction of nuclear power stations, he said.
+    Bethkenhagen said the Chernobyl accident was also likely to
+have frustrated for a long time Soviet hopes of exports of
+nuclear power stations to countries outside the Comecon bloc.
+    "It is also doubtful that the talks with China, Syria, Libya
+and Iraq with regard to Soviet deliveries in the next few years
+will have positive results," he said.
+    The meeting heard views of academics and Kremlin-watchers
+on the impact of Soviet leader Mikhail Gorbachev on energy
+policy.
+    Several participants today argued that Gorbachev was
+unlikely to extend his internal economic policies to the energy
+sector, at least for now.
+    Bethkenhagen said high energy growth targets set by the
+Soviet Union up to the end of the decade showed Moscow intended
+to stick to a rigid supply-, rather than demand-oriented
+policy.
+    Norwegian academics Arild Moe and Helge Ole Bergesen said
+that the Soviet fuel industries represented such a pillar of
+the economy that immediate reform was tricky. "Any 'experiment'
+on a large scale cannot be allowed, because the negative
+consequences if a reform backfires will be too great," they
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1629" NEWID="12553">
+<DATE> 2-APR-1987 09:58:02.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1055&#31;reute
+d f BC-FLEET-FINANCIAL-&lt;FLT>   04-02 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLEET FINANCIAL &lt;FLT> CONSOLIDATES UNITS</TITLE>
+<DATELINE>    HARTFORD, Conn., April 2 - </DATELINE><BODY>Fleet Financial Group's First
+Connecticut Bancorp subsidiary said it has combined its four
+banking subsidiaries into one operating entity called United
+Bank.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1630" NEWID="12554">
+<DATE> 2-APR-1987 10:00:18.48</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1064&#31;reute
+u f BC-NEW-DUTCH-SPECIAL-ADV   04-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW DUTCH SPECIAL ADVANCES UNCHANGED AT 5.3 PCT</TITLE>
+<DATELINE>    AMSTERDAM, April 2 - </DATELINE><BODY>The Dutch central bank announced new
+12-day special advances at an unchanged rate of 5.3 pct to
+cover money market tightness for the period April 3 to 15.
+     The amount will be set at tender on April 3 between 0700
+and 0730 hours GMT.
+    The new facility replaces the current 4.2 billion guilders
+of nine-day advances which expire tomorrow.
+    Money market dealers said the rate for the new advances was
+in line with expectations. They added they expect the Bank to
+allocate between 4.0 and 4.5 billion guilders.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1631" NEWID="12555">
+<DATE> 2-APR-1987 10:03:01.88</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1074&#31;reute
+u f BC-EC-TO-BOOST-SPENDING   04-02 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC TO BOOST SPENDING ON JOB CREATION THIS YEAR</TITLE>
+<DATELINE>    BRUSSELS, April 2 - </DATELINE><BODY>The European Community (EC) is to boost
+spending to help the jobless this year.
+    The EC's executive commission said in a statement spending
+on its so-called social fund would rise to 3.1 billion European
+Currency Units from 2.5 billion ECUs in 1986. The fund is
+designed to help boost job creation and improve worker
+mobility, and supplement national schemes in the EC's 12 member
+states.
+    Another 60 mln ECUs could be added if EC ministers switch
+unused project credits to other programs, the Commission said.
+    Italy is the largest net beneficiary in 1987, getting 635
+mln ECUs, with Britain in second place with 580 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1632" NEWID="12556">
+<DATE> 2-APR-1987 10:03:29.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1076&#31;reute
+b f BC-BACOB-FINANCE-ISSUES   04-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BACOB FINANCE ISSUES 50 MLN AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Bacob Finance NV is issuing a 50 mln
+Australian dlr eurobond due July 5, 1990 paying 14-3/4 pct and
+priced at 101-3/8 pct, lead manager Goldman Sachs International
+Corp said.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 Australian dlrs and will be listed in
+Luxembourg. The selling concession is one pct while management
+and underwriting combined pays 1/2 pct.
+    The payment date is May 5 and there will be a long first
+coupon. The issue is guaranteed by Bacob Savings Bank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1633" NEWID="12557">
+<DATE> 2-APR-1987 10:04:55.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1086&#31;reute
+d f BC-JACOBS-TAKES-MAJORITY   04-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JACOBS TAKES MAJORITY STAKE IN COTE D'OR</TITLE>
+<DATELINE>    ZURICH, April 2 - </DATELINE><BODY>Jacobs Suchard AG said it acquired a
+"comfortable majority" interest in its takeover bid for Cote d'Or
+SA, Belgium's leading producer of chocolate.
+    In a statement, Jacobs said it had acquired all the shares
+tendered by the time its offer expired on March 30. The offer,
+for 100 pct of Cote d'Or at 8,050 Belgian francs per ordinary
+share, was agreed with the Belgian firm's board.
+    A Jacobs spokesman declined to specify the size of the
+majority stake and said Jacobs had not decided what it would do
+about acquiring the outstanding shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1634" NEWID="12558">
+<DATE> 2-APR-1987 10:06:52.52</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1091&#31;reute
+f f BC-******YEUTTER-SAYS-U.   04-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>YEUTTER SAYS U.S. SHOULD STRESS TRADE NEGOTIATIONS AS LONG-TERM U.S. TRADE POLICY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1635" NEWID="12559">
+<DATE> 2-APR-1987 10:09:08.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1102&#31;reute
+u f BC-HOLIDAY-&lt;HIA>-RECAPIT   04-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLIDAY &lt;HIA> RECAPITALIZATION APPROVED</TITLE>
+<DATELINE>    MEMPHIS, Tenn., April 2 - </DATELINE><BODY>Holiday Corp said the New Jersey
+Casino Control Commission has approved its recapitalization
+plan, providing the final regulatory approval needed.
+    The company said it expects to announce next week the
+record date for the special 65 dlr per share dividend
+shareholders will receive under the plan and to pay the
+dividend during the month of April, with the exact timing
+depending on the closing of financing arrangements.
+    Holiday operates Harrah's Marina Hotel and Casino in
+Atlantic City, N.J.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1636" NEWID="12560">
+<DATE> 2-APR-1987 10:10:03.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1108&#31;reute
+h f BC-ITALY'S-IMI-HAS-NO-PR   04-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S IMI HAS NO PRESENT PLAN FOR FIAT ISSUE</TITLE>
+<DATELINE>    ROME, April 2 - The Italian state bank &lt;IMI - </DATELINE><BODY>Istituto
+Mobiliare Italiano> said it was not in a position at present to
+formulate proposals on an IMI bond issue convertible into Fiat
+SpA &lt;FIAT.MI> shares or carrying warrants for exercise into
+these shares.
+    The IMI statement, which referred to recent press reports
+that such an issue was imminent or possible, said IMI was still
+examining the problems involved, but gave no further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1637" NEWID="12561">
+<DATE> 2-APR-1987 10:10:10.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1109&#31;reute
+u f BC-LOWE'S-&lt;LOW>-SALES-UP   04-02 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWE'S &lt;LOW> SALES UP SEVEN PCT</TITLE>
+<DATELINE>    NORTH WILKESBORO, N.C., April 2 - </DATELINE><BODY>Lowe's Cos Inc said sales
+for the four weeks ended March 27 were up seven pct to 183.9
+mlnm dlrs from 171.1 mln dlrs a year earlier, with same-store
+sales up one pct to 172.5 mln dlrs from 170.4 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1638" NEWID="12562">
+<DATE> 2-APR-1987 10:13:12.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1122&#31;reute
+r f BC-COMP-U-CARD-INTERNATI   04-02 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMP-U-CARD INTERNATIONAL INC &lt;CUCD> 4TH QTR NET</TITLE>
+<DATELINE>    STAMFORD, Conn., April 2 - </DATELINE><BODY>January 31 end
+    Oper shr profit 16 cts vs loss six cts
+    Oper net profit 2,879,000 vs loss 958,000
+    Revs 41.9 mln vs 24.1 mln
+    Avg shrs 18.2 mln vs 15.8 mln
+    Year
+    Oper shr profit 49 cts vs profit 18 cts
+    Oper net profit 8,660,000 vs profit 2,832,000
+    Revs 141.8 mln vs 87.5 mln
+    Avg shrs 17.8 mln vs 15.8 mln
+    NOTE: Net excludes extraordinary tax charge 156,000 dlrs vs
+credit 2,257,000 dlrs in quarter and credits 1,041,000 dlrs vs
+3,589,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1639" NEWID="12563">
+<DATE> 2-APR-1987 10:15:47.80</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1131&#31;reute
+b f BC-/YEUTTER-STRESSES-IMP   04-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER STRESSES IMPORTANCE OF TRADE TALKS</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter stressed the importance of trade negotiations to open
+foreign markets rather than trade restrictions in a statement
+to the Senate Finance Committee.
+    "In the long term we cannot repeatedly bludgeon other
+nations into opening their markets with threats of U.S.
+restrictions. Rather, we must be able to negotiate credibly for
+global liberalization," Yeutter said.
+    Yeutter did not mention the recent U.S. trade sanctions
+against Japanese semiconductors in his testimony on the pending
+trade bill.
+    Yeutter said the trade bill should increase U.S.
+competitiveness, aid U.S. trade negotiating leverage, and avoid
+provoking foreign retaliation.
+    He urged Congress to reject provisions that would mandate
+U.S. retaliation against foreign unfair trade practices.
+    Yeutter emphasized the importance of the new multilateral
+trade negotiating round and called on Congress to quickly
+approve an extension of U.S. negotiating authority.
+    "We want to open foreign markets and establish and enforce
+rules of international competition, not foster dependence on
+protection and subsidies," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1640" NEWID="12564">
+<DATE> 2-APR-1987 10:18:08.65</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>france</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1145&#31;reute
+u f BC-EC-MUST-EXPLAIN-FARM   04-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MUST EXPLAIN FARM POLICY TO U.S., FRANCE SAYS</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>The U.S. and the European Community could
+enter into a new trade dispute unless urgent action is taken to
+explain EC farm policy to the U.S. Congress, French official
+sources said.
+    They said Prime Minister Jacques Chirac planned to urge EC
+Commission president Jacques Delors to send a team of experts
+to Washington as soon as possible.
+    Chirac returned to Paris this morning after three days of
+talks in New York and Washington in which trade and
+protectionism featured prominently.
+    At the centre of the new trade tension is an EC Commission
+proposal to tax vegetable oils, the sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1641" NEWID="12565">
+<DATE> 2-APR-1987 10:19:36.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1149&#31;reute
+u f BC-C.J.-LAWRENCE-HAS-BUY   04-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C.J. LAWRENCE HAS BUY ON BETHLEHEM STEEL &lt;BS></TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Aldo Mazzaferro, analyst at C.J.
+Lawrence Inc, issued an agressive buy opinion on Bethlehem
+Steel Corp, traders said.
+    Bethlehem rose 7/8 to 10-3/4, the first time in several
+months the stock has been over 10 dlrs.
+    Mazzaferro was not immediately available for comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1642" NEWID="12566">
+<DATE> 2-APR-1987 10:20:22.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1155&#31;reute
+r f BC-AETNA-LIFE/CASUALTY-&lt;   04-02 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AETNA LIFE/CASUALTY &lt;AET> FILES TO OFFER NOTES</TITLE>
+<DATELINE>    HARTFORD, Conn., April 2 - </DATELINE><BODY>Aetna Life and Casualty Co said
+it filed a shelf registration with the Securities and Exchange
+Commission for the issue of 200 mln dlrs of debt securities.
+    Managers of the offering have not been selected. Terms of
+the securities will be based on market conditions, the company
+said.
+    Proceeds will be added to general funds and used to support
+Aetna's basic insurance and financial services businesses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1643" NEWID="12567">
+<DATE> 2-APR-1987 10:21:24.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1158&#31;reute
+r f BC-S/P-RATES-NOMURA-INTE   04-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P RATES NOMURA INTERNATIONAL PLC BONDS AAA</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Standard and Poor's Corp said it
+assigned a preliminary AAA rating to 150 mln dlrs of 7-1/4 pct
+guaranteed subordinated bonds due 1992 of Nomura International
+Finance PLC, the U.K. unit of Nomura Securities Co Ltd.
+    S and P cited the guarantee, which is a senior obligation
+of the parent company, the largest of the Big Four securities
+houses in Japan.
+    The rating agency noted that Nomura Securities has by far
+the largest capital base in nominal terms of any securities
+firm in the world and is conservatively leveraged.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1644" NEWID="12568">
+<DATE> 2-APR-1987 10:21:37.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1160&#31;reute
+r f BC-STATUS-GAME-&lt;STGM>-TO   04-02 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATUS GAME &lt;STGM> TO SELL CONDOMS</TITLE>
+<DATELINE>    NEWINGTON, Conn., April 2 - </DATELINE><BODY>Status Game Corp said it will
+immediately start selling condoms through the 500 cigarette
+machines it owns and operates in Las Vegas.
+    The company said it is negotiating a contract with one of
+the world's largest condom maker, which it did not identify,
+for the production of specially-packaged condoms for the
+cigarette machine sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1645" NEWID="12569">
+<DATE> 2-APR-1987 10:21:42.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1161&#31;reute
+d f BC-CENTRONICS-CORP-&lt;CEN>   04-02 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRONICS CORP &lt;CEN> YEAR LOSS</TITLE>
+<DATELINE>    NASHUA, N.H., April 2 -
+    </DATELINE><BODY>Oper shr loss 11 cts vs loss 36 cts
+    Oper net loss 2,383,000 vs loss 4,285,000
+    Total income 2,194,000 vs nil
+    NOTE: Resultes restated for discontinued operations and
+exclude discontinued operations loss 5,755,000 dlrs vs gain
+4,933,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1646" NEWID="12570">
+<DATE> 2-APR-1987 10:21:49.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1162&#31;reute
+d f BC-SANDSPORT-DATA-SERVIC   04-02 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANDSPORT DATA SERVICES INC &lt;SAND> 3RD QTR NET</TITLE>
+<DATELINE>    PORT WASHINGTON, N.Y., April 2 - </DATELINE><BODY>Feb 28 end
+    Shr nil vs nil
+    Net 132,804 vs 53,510
+    Revs 2,001,107 vs 1,467,742
+    Avg shrs 73.9 mln vs 56.7 mln
+    Nine mths
+    Shr nil vs nil
+    Net 302,316 vs 171,034
+    Revs 5,230,014 vs 4,112,562
+    Avg shrs 74.4 mln vs 56.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1647" NEWID="12571">
+<DATE> 2-APR-1987 10:21:57.61</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1164&#31;reute
+r f BC-NORTH-CAROLINA-FEDERA   04-02 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH CAROLINA FEDERAL &lt;NCFS> RAISES PRIME RATE</TITLE>
+<DATELINE>    CHARLOTTE, N.C., April 2 - </DATELINE><BODY>North Carolina Federal Savings
+and Loan Association said it has raised its prime rate to 7-3/4
+pct from 7-1/2 pct, effective yesterday, following moves by
+major banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1648" NEWID="12572">
+<DATE> 2-APR-1987 10:22:45.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1170&#31;reute
+d f BC-HEALTH-IMAGES-INC-&lt;HI   04-02 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH IMAGES INC &lt;HIMG> 4TH QTR LOSS</TITLE>
+<DATELINE>    ATLANTA, April 2 -
+    </DATELINE><BODY>Shr loss one ct vs loss seven cts
+    Net profit 108,419 vs loss 241,192
+    Revs 2,044,882 vs 317,266
+    Year
+    Shr loss 18 cts vs loss 23 cts
+    Net loss 430,027 vs loss 432,982
+    Revs 5,088,065 vs 416,777
+    NOTE: Share after preferred dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1649" NEWID="12573">
+<DATE> 2-APR-1987 10:23:19.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f1174&#31;reute
+r f BC-shell-canada-sees   04-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL CANADA SEES BETTER PROFIT, LOWER SPENDING</TITLE>
+<DATELINE>    CALGARY, Alberta, April 2 - </DATELINE><BODY>&lt;Shell Canada Ltd>, 72 pct
+owned by Royal Dutch/Shell Group, anticipates an improved level
+of earnings in 1987, assuming a continuation of prices and
+margins that existed at the end of 1986 and early 1987, the
+company said in the annual report.
+    Shell previously reported 1986 operating profit fell to 130
+mln dlrs, excluding a 24 mln dlr unusual gain, from 146 mln
+dlrs in the prior year.
+    The company also said 1987 capital and exploration spending
+of 420 mln dlrs will be 160 mln dlrs lower than last year, due
+to the uncertain short-term outlook.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1650" NEWID="12574">
+<DATE> 2-APR-1987 10:24:55.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1177&#31;reute
+b f BC-UTILICORP-&lt;UCU>-SEEKS   04-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UTILICORP &lt;UCU> SEEKS TO SPLIT STOCK</TITLE>
+<DATELINE>    KANSAS CITY, Mo., April 2 - </DATELINE><BODY>Utilicorp United Inc said its
+management is recommending to the board of directors a
+three-for-two stock split and an increase in the quarterly cash
+dividend rate, currently at 37 cts per common share.
+    The company said it is also submitting to shareholders at
+its May 21 annual meeting a proposal authorizing an additional
+class of common stock.
+    Utilicorp said the board of directors will vote on the
+split at its next regularly scheduled board meeting on May 6.
+    It added that its semi-annual four pct stock dividend will
+not change.
+    Utilicorp said the proposal to create a new class of stock,
+if approved, will authorize 20 mln shares of Class A common
+stock with a par value of one dlr.
+    The stock could be issued in various series with terms,
+rights and preferences designated by the board in each
+instance, Utilicorp said.
+    The company said the new stock is intended to enhance
+Utilicorp's ability to carry out future financings,
+investments, acquisitions or for other corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1651" NEWID="12575">
+<DATE> 2-APR-1987 10:25:13.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1179&#31;reute
+r f BC-CHEROKEE-GROUP-&lt;CHKE>   04-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEROKEE GROUP &lt;CHKE> SHARE OFFERING UNDERWAY</TITLE>
+<DATELINE>    NORTH HOLLYWOOD, Calif., April 2 - </DATELINE><BODY>Cherokee Group said an
+offering of 2,500,000 common shares is underway at 22 dlrs each
+through underwriters First Boston Inc &lt;FBC> and American
+Express Co's &lt;AXP> Shearson Lehman Brothers Inc.
+    The company is selling 1,800,000 shares and shareholders
+700,000.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1652" NEWID="12576">
+<DATE> 2-APR-1987 10:25:24.96</DATE>
+<TOPICS><D>money-supply</D><D>gnp</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1180&#31;reute
+u f BC-BANK-OF-SPAIN-GOVERNO   04-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF SPAIN GOVERNOR SAYS MONEY GROWTH TOO FAST</TITLE>
+<DATELINE>    MADRID, April 2 - </DATELINE><BODY>Bank of Spain governor Mariano Rubio said
+the central bank was worried that money supply was growing too
+fast, reflecting excessive internal demand in the Spanish
+economy, but added that he was confident recent measures would
+succeed in restricting money growth.
+    In testimony to the economic commission of Congress, Rubio
+said the main measure of money supply, the broad-based Liquid
+Assets in Public Hands, grew at an estimated annualised rate of
+17 pct in March, the same as in February.
+    The bank's target range for growth in this measure in 1987
+is 6.5 to 9.5 pct, compared with 11.4 pct last year.
+    Rubio said he was aiming for the lower end of the range.
+    He added that real GDP growth of three pct in 1986 was due
+to a six pct increase in real internal demand and a three pct
+real drop in the contribution of the external sector.
+    The aim for 1987 was for the same real growth in GDP but a
+drop in the internal contribution to 4.5 pct with the negative
+component of the external sector trimmed to 1.5 pct, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1653" NEWID="12577">
+<DATE> 2-APR-1987 10:26:26.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1183&#31;reute
+f f BC-******PRESIDENT-REAGA   04-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PRESIDENT REAGAN COMING TO CAPITOL TO LOBBY SENATORS ON HIGHWAY BILL VETO
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1654" NEWID="12578">
+<DATE> 2-APR-1987 10:27:24.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1188&#31;reute
+r f BC-MDU-&lt;MDU>-PREFERRED-S   04-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MDU &lt;MDU> PREFERRED STOCK UPGRADED TO A BY S/P</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Standard and Poor's Corp said it raised
+to A from BBB-plus the preferred stock of MDU Resources Group
+Inc.
+    S and P affirmed the company's A-rated first mortgage bonds
+and A-minus unsecured industrial revenue bonds. About 300 mln
+dlrs of debt and preferred were outstanding at December 31,
+1986.
+    The rating agency cited recent redemptions that reduced the
+layer of preferred in the company's capital structure. S and P
+expects fundamentals to remain strong for electric utility and
+natural gas pipeline and distribution units.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1655" NEWID="12579">
+<DATE> 2-APR-1987 10:30:54.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1199&#31;reute
+r f BC-AMERICAN-REALTY-&lt;ARB>   04-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN REALTY &lt;ARB> SETS RECORD DATE FOR OFFER</TITLE>
+<DATELINE>    DALLAS, April 2 - </DATELINE><BODY>American Realty Trust said its board has
+set April 3 as the record date for its previously announced
+rights offering, and the rights will be issued on April 6 and
+expire May 22.
+    Shareholders will be able to subscribe for 1.25 shares for
+each share held, at a price of 3.75 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1656" NEWID="12580">
+<DATE> 2-APR-1987 10:31:18.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1202&#31;reute
+s f BC-CARTER-WALLACE-INC-&lt;C   04-02 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARTER-WALLACE INC &lt;CAR> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    NEW YORK, April 2 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior
+    Pay June 1
+    Record April 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1657" NEWID="12581">
+<DATE> 2-APR-1987 10:32:56.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1212&#31;reute
+b f BC-REAGAN-TO-LOBBY-SENAT   04-02 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN TO LOBBY SENATORS ON HIGHWAY BILL</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>President Reagan is going to the U.S.
+Capitol to personally urge senators to support his veto of an
+88 billion dlr highway and mass transit funding bill,
+Republican leader Robert Dole of Kansas said.
+    Reagan will meet with senators at 1115 est/1615 gmt Dole
+told the senate.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1658" NEWID="12582">
+<DATE> 2-APR-1987 10:33:22.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1215&#31;reute
+u f BC-SOFTWARE-PUBLISHING-&lt;   04-02 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOFTWARE PUBLISHING &lt;SPCO> USING SMALLER DISKS</TITLE>
+<DATELINE>    MIAMI, April 2 - </DATELINE><BODY>Software Publishing Corp said it has
+converted all of its programs to the three and a half inch disk
+format required to run on International Business Machines
+Corp's &lt;IBM> new Personal System/2 computers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1659" NEWID="12583">
+<DATE> 2-APR-1987 10:33:51.60</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1218&#31;reute
+b f BC-EC-AWARDS-EXPORT-LICE   04-02 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SETS EXPORT LICENCES ON 20,000 TONNES MAIZE</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>The European Community Commission awarded
+export licences for 20,000 tonnes free market French maize at a
+maximum export rebate of 129.40 European currency units (Ecus)
+per tonne, trade sources said here.
+    All requests for export licences for free market feed wheat
+and barley were rejected, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1660" NEWID="12584">
+<DATE> 2-APR-1987 10:34:00.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T L
+&#22;&#22;&#1;f1219&#31;reute
+u f BC-FRENCH-FARMERS-ATTACK   04-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FARMERS ATTACK LACK OF EC PRICE DECISION</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>France's major farm union, the FNSEA,
+criticised the recent European Community farm ministers'
+meeting for failing to come to any agreement on 1987/88 farm
+prices before the start of the crop year on April 1.
+    It was damaging that no important decision was taken and
+that there will be no further meeting of EC agricultural
+ministers before the end of this month when the meat and milk
+campaigns started on April 1, the union said in a statement.
+    The FNSEA also criticised the failure of the ministers to
+uphold their intention to suspend monetary compensatory
+amounts, mcas, in the pork sector.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1661" NEWID="12585">
+<DATE> 2-APR-1987 10:35:37.87</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1232&#31;reute
+u f BC-PAKISTAN-TO-TENDER-FO   04-02 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN TO TENDER FOR RBD PALM OLEIN TOMORROW</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Pakistan will tender tomorrow for 12,000
+tonnes of refined bleached deodorised palm olein tomorrow,
+split in two equal cargo lots for first and second half April
+shipments, traders said.
+    The tender will be financed with Islamic Development Bank
+credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1662" NEWID="12586">
+<DATE> 2-APR-1987 10:36:20.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1237&#31;reute
+d f BC-exspetalnick   04-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORIDA INVESTMENT FIRM SHUT BY SEC</TITLE>
+<DATELINE>    MIAMI, April 2 - </DATELINE><BODY>The Securities and Exchange Commission
+(SEC) had Elliott Enterprises, an investment firm in Naples,
+Fla., shut down, accusing it of defrauding investors and
+misusing funds.
+    An SEC spokesman in Miami said the agency closed the
+investment holding company and two related firms, Elliott
+Securities and Elliott Mortgage Co.
+    In a complaint filed in federal court in Miami, the SEC
+said the firms had at least 1,000 customers who invested around
+50 mln dlrs.
+    U.S. District Judge William Hoeveler ordered the company
+closed, appointed a receiver and froze the assets of the firm's
+executives.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1663" NEWID="12587">
+<DATE> 2-APR-1987 10:37:20.31</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1242&#31;reute
+b f BC-/USDA-DENIES-CHANGES   04-02 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA DENIES CHANGES IN TEXAS GULF DIFFERENTIALS</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>No changes have been made or are
+being planned in the Agriculture Department's calculation of
+price differentials between interior grain locations and the
+Texas Gulf, a senior USDA official said.
+    Ralph Klopfenstein, USDA deputy administrator for commodity
+operations, told Reuters, "We do not anticipate any changes to
+be made" in the Texas Gulf differentials used to calculate
+posted county prices for corn.
+    "We do not relate the Texas Gulf structure with the
+Louisiana Gulf structure at all. It's a totally different
+situation," he said.
+    Rumors had circulated through the market this morning that
+USDA had widened Texas Gulf differentials in a similar manner
+to last weekend's adjustments with the Louisiana Gulf.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1664" NEWID="12588">
+<DATE> 2-APR-1987 10:39:40.51</DATE>
+<TOPICS><D>money-fx</D><D>stg</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1255&#31;reute
+f f BC-Lawson-says-his-sterl   04-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Lawson says his sterling target comments were misunderstood, and insignificant
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1665" NEWID="12589">
+<DATE> 2-APR-1987 10:41:44.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1261&#31;reute
+u f BC-IBM-&lt;IBM>-DOWN-ON-LOW   04-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> DOWN ON LOWER MORGAN STANLEY OPINION</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>The stock of International Business
+Machine Corp declined slightly today and shares of Digital
+Equipment Corp &lt;DEC> rose after brokerage house Morgan Stanley
+and Co reiterated a negative opinion on IBM and a buy on
+Digital, traders said.
+    IBM, which this morning introduced four new personal
+computers, the first major overhaul of its PC line since it
+entered the business in 1981, fell 1-3/4 to 149-3/8.
+    Digital Equipment rose 1-3/8 to 163-5/8.
+    Analyst Carol Muratore of Morgan Stanley was unavailable
+for comment.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1666" NEWID="12590">
+<DATE> 2-APR-1987 10:42:22.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1266&#31;reute
+r f BC-LONE-STAR-&lt;LCE>-FORMS   04-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONE STAR &lt;LCE> FORMS JOINT VENTURE</TITLE>
+<DATELINE>    GREENWICH, Conn., April 2 - </DATELINE><BODY>Lone Star Industries Inc said
+it formed a joint venture with Monier Ltd of Australia to make
+and sell concrete railroad ties in North America.
+    The equally owned venture, Lone Star Monier Concrete Tie
+Co, initially will operate a new Denver, Colo., plant that will
+make 1.75 mln ties ordered by Burlington Northern Inc &lt;BNI>.
+    In addition, the venture will market ties made at Lone
+Star's existing Massachusetts facilities.
+    Based in Chatswood, New South Wales, Monier is a
+manufacturer of building and construction products and concrete
+ties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1667" NEWID="12591">
+<DATE> 2-APR-1987 10:43:08.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1269&#31;reute
+f f BC-******SEC-WOULD-BACK   04-02 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEC WOULD BACK ONE-DAY DISCLOSURE RULE ON FIVE PCT STOCKHOLDINGS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1668" NEWID="12592">
+<DATE> 2-APR-1987 10:43:43.23</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1270&#31;reute
+u f BC-J.P.-MORGAN-&lt;JPM>-INC   04-02 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.P. MORGAN &lt;JPM> INCREASES PRIME RATE</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>J.P. Morgan and Co Inc said it is
+raising its prime lending rate to 7-3/4 pct from 7-1/2 pct,
+effective today.
+    Most major U.S. banks are now posting a 7-3/4 pct rate.
+Citibank was the first to announce an increase on Tuesday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1669" NEWID="12593">
+<DATE> 2-APR-1987 10:43:57.63</DATE>
+<TOPICS><D>money-fx</D><D>stg</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1271&#31;reute
+f f BC-Lawson-says-his-sterl   04-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LAWSON SAYS HIS STERLING-TARGET COMMENTS WERE MISUNDERSTOOD AND INSIGNIFICANT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21451" NEWID="12594">
+<DATE> 2-APR-1987 10:49:54.58</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f1291&#31;reute
+u f BC-NO-EXTENSION-ON-U.S.   04-02 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO EXTENSION ON U.S. DAIRY HERD BUYOUT - LYNG</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said he would not agree to an extension of the 18-month
+whole dairy herd buyout program set to expire later this year.
+    Speaking at the Agriculture Department to representatives
+of the U.S. National Cattlemen's Association, Lyng said some
+dairymen asked the program be extended.
+    But he said the Reagan administration, which opposed the
+whole herd buyout program in the 1985 farm bill, would not
+agree to an extension.
+    The program begun in early 1986, is to be completed this
+summer. U.S. cattlemen bitterly opposed the scheme, complaining
+that increased dairy cow slaughter drove cattle prices down
+last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21452" NEWID="12595">
+<DATE> 2-APR-1987 10:51:21.09</DATE>
+<TOPICS><D>crude</D><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>brazil</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f1301&#31;reute
+r f BC-BRAZIL-TO-EXPORT-6,00   04-02 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL TO EXPORT POULTRY, MEAT TO IRAQ FOR OIL</TITLE>
+<DATELINE>    RIO DE JANEIRO, April 2 - </DATELINE><BODY>Brazil will export 6,000 tonnes
+of poultry and 10,000 tonnes of frozen meat to Iraq in exchange
+for oil, Petrobras Commercial Director Carlos Sant'Anna said.
+    Brazil has a barter deal with Iraq and currently imports
+215,000 barrels per day of oil, of which 170,000 bpd are paid
+for with exports of Brazilian goods to that country.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21453" NEWID="12596">
+<DATE> 2-APR-1987 10:51:27.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1302&#31;reute
+r f BC-MICHAELS-STORES-INC-&lt;   04-02 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICHAELS STORES INC &lt;MKE> YEAR FEB ONE</TITLE>
+<DATELINE>    IRVING, Texas, April 2 -
+    </DATELINE><BODY>Shr 35 cts vs 19 cts
+    Net 3,336,000 vs 1,484,000
+    Sales 115.9 mln vs 76.2 mln
+    Avg shrs 9,461,000 vs 7,897,000
+    NOTE: Prior year ended December 29, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21454" NEWID="12597">
+<DATE> 2-APR-1987 10:51:54.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1306&#31;reute
+b f BC-WORLD-BANK-TO-REDEEM   04-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK TO REDEEM EARLY TWO SWISS FRANC BONDS</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The World Bank will prepay on July 9,
+1987 and July 17, 1987 the total amount outstanding of two
+Swiss franc public issues, in the first of what could be a
+series of similar moves in other capital markets, a spokesman
+for the Bank said in a telephone call from Washington.
+    The prepayments cover 96 mln Swiss francs of 6-1/2 pct
+Swiss franc bonds of 1976 and due 1991, lead managed by Swiss
+Bank Corporation and 100 mln Swiss francs of 7-3/8 pct bonds of
+1981 and due 1991, lead managed by Credit Suisse.
+    Eugene Rotberg, World Bank vice president-treasurer, said
+in a prepared statement that the prepayments are being made
+because of the substantial decline in interest rates over the
+past two years, the spokesman said.
+    The World Bank intends to exercise early redemption on
+selected public issues of its securities in Switzerland and
+other capital markets if the exercise is financially beneficial
+and consistent with the Bank's overall funding strategy.
+    Last month, Rotberg said that the World Bank planned to
+bring forward to the first half of 1987 its borrowing plans for
+the year because of its expectations that world interest rates
+will rise by the year end.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21455" NEWID="12598">
+<DATE> 2-APR-1987 10:53:39.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1320&#31;reute
+r f BC-U.S.-URGED-TO-STRENGT   04-02 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. URGED TO STRENGTHEN DEBT STRATEGY</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>Several industrial nations are
+pressing the United States to consider whether its debt
+strategy, under increasing fire in the developing world, needs
+to be strengthened, monetary sources say.
+    While few nations are ready to pour vast sums of money into
+radical "debt relief" style solutions to the debt crisis,
+pressure is building for a greater International Monetary Fund
+role in the plan.
+    But U.S. officials, who are fighting off demands for change
+by Congress, are confident they will retain support for their
+strategy which will probably be endorsed in a communique
+issued by the IMF's policy-making Interim Committee.
+    One Reagan administration official said a recent discussion
+among leading industrial countries showed there was "very broad
+and strong support for continuing the strategy".
+    The official said in an interview, "I don't sense that
+there's a strong desire to revise the debt strategy, except of
+course here on (Capitol) Hill."
+    But monetary sources said some industrial nations, like
+France and Italy, are troubled by signs the strategy is
+increasingly strained. Britain too is said to be concerned.
+    In late 1985, Washington called on multilateral development
+banks, like the World Bank, and commercial banks to increase
+loans to the 15 major debtors by 29 billion dlrs over three
+years.
+    In return, the major debtors were expected to undertake
+reforms promoting inflation-free economic growth, more open
+markets and a reduced government role in the economy.
+    The IMF was to retain a "central role" in the strategy,
+shifting its economic reform programs from emphasizing
+austerity to stressing growth, freer trade policies and foreign
+investment in debtor nations.
+    But monetary sources said some nations want even more
+flexibility from the IMF when it sets economic programs tied to
+loans for debtor nations.
+    Such flexibility would include less rigid economic targets
+-- which often lead to artificial crises when they are not met
+-- and more reliance on ranges and benchmarks to monitor
+economic performance.
+    There is also concern that the level of IMF lending is too
+low and the commercial banks, themselves under attack for
+tawdry loan levels to debtors, want to see it increased.
+    The IMF, which holds its semi-annual meetings with the
+World Bank next week, will only be a small net lender this
+year. Much of its loan disbursements are offset by repayments.
+    Meanwhile, most countries, including the United States,
+acknowledge the banks have not lived up to their commitments.
+    Paul Volcker, chairman of the Federal Reserve Board, is 
+particularly irritated with the reluctance of commercial banks
+to lend more to reforming debtors, monetary sources say.
+    New IMF managing director Michel Camdessus is understood to
+be worried about the Fund's image in the developing world,
+where it is often depicted as the source of economic ills.
+    Camdessus' experience as former chairman of the so-called
+"Paris Club" of western creditor governments, has given him
+extensive first-hand experience of the debt crisis.
+    Brazil, which in February declared an interest paymernts
+moratorium on 67 billion dlrs of commercial bank debt, has
+flatly ruled out adopting a program of IMF-sponsored economic
+reforms. Peru too has rejected an IMF program, curbing debt
+repayments to 10 pct of exports.
+    But the administration official said Brazil's strategy of
+using a moratorium as a negotiating tool might backfire. "It's
+probably turning out to be more complicated than they thought.
+It underlines the extreme risk that a debtor country takes on
+itself when it begins down that road," the official said.
+    Indeed, U.S. banks are laying the groundwork for writing
+down their Brazilian loans.
+    U.S. officials have generally praised most debtors for
+adopting genuine economic reforms and the multilateral
+institutions for stepping up their lending.
+    And they point out that Venezuela, Chile and the
+Philippines have struck agreement with commercial banks
+stretching out debt repayments.
+    But problems still dog assembly of a 7.7 billion dlrs bank
+loan for Mexico, which many officials acknowledge may be the
+last major cash loan for a debtor country.
+    Instead, banks are being pressed to come up with more novel
+ways of easing the liquidity squeeze in debtor nations.
+    The prospect of greater official involvement in the debt
+strategy depends chiefly on the ability of western nations to
+come up with more finance.
+    While there is sympathy in Congress for various forms of
+debt relief, more U.S. funds for the World Bank or the IMF are
+a virtual impossibility in today's era of budget restraint.
+    That leaves rich surplus nations like Japan and West
+Germany, but neither country favors generalized debt relief.
+    And the Reagan administration is not inclined to bow to
+Congressional pressure for changes in regulations governing
+foreign loans, to make it easier for banks to account for
+delays in interest and principal repayments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21456" NEWID="12599">
+<DATE> 2-APR-1987 10:53:51.69</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1321&#31;reute
+d f BC-MORTON-THIOKOL-&lt;TKI>   04-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORTON THIOKOL &lt;TKI> UNIT TO MARKET RESINS</TITLE>
+<DATELINE>    CHICAGO, April 2 - </DATELINE><BODY>Morton Thiokol Inc said its Morton
+Chemical Division entered into an agreement with &lt;Mitsubishi
+Chemical Industries Ltd>, Japan, to market extrudable adhesive
+resins based on Mitsubishi's Novatec AP product line
+technology.
+    It said the resins are used in a broad range of
+applications, including barrier co-extrusion with nylon and
+Ethylene-Vinylalcohol Copolymer for film, sheet and bottles.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21457" NEWID="12600">
+<DATE> 2-APR-1987 10:54:42.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1327&#31;reute
+d f BC-HAWLEY-BUYS-U.S.-CRIM   04-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWLEY BUYS U.S. CRIME CONTROL FOR 51.3 MLN DLRS</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>&lt;Hawley Group Ltd> said it has agreed to
+buy &lt;Crime Control Inc> of Indiana for 51.3 mln dlrs cash.
+    Crime control is a security service group that sells,
+installs and services electronic security systems which would
+expand the coverage of Hawley's &lt;Electro-Protective Corp> unit.
+    Hawley said the acquisition moved it into 12 new market
+areas including the West and South-West and would create the
+fourth largest provider of security systems in the U.S.
+    Hawley is a Bermuda-based holding company whose main
+subsidiary is the U.K. Security, home improvements and cleaning
+operation &lt;Hawley Group Plc>.
+    Earlier this week, Hawley launched a 196 mln stg
+recommended offer for &lt;British Car Auction Group Plc> and last
+month it said it planned to issue 150 mln dlrs in 15 year
+convertible redeemable preference shares.
+    It said in a statement that Crime Control reported
+operating profit of 4.0 mln dlrs in 1986 and had end-year net
+tangible assets of 4.5 mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21458" NEWID="12601">
+<DATE> 2-APR-1987 11:04:55.52</DATE>
+<TOPICS><D>stg</D><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1365&#31;reute
+b f BC-LAWSON-SAYS-STERLING   04-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SAYS STERLING TARGET COMMENTS INSIGNIFICANT</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Chancellor of the Exchequer Nigel Lawson
+criticised media coverage of comments he made yesterday, when
+he was reported as saying he wanted sterling to stay roughly
+where it was, specifying a rate of around 2.90 marks and 1.60
+dlrs to the pound.
+    Holding up a newspaper report on his comments headed
+"Exchange Rate Targets Set" Lawson told journalists "This story is
+a complete non-event."
+    He criticised the report, which said he was now targetting
+sterling against the dollar and mark. "Nothing of the sort
+occurred," Lawson said.
+    Lawson said he had only told National Economic Development
+Council panel members what the pound's current dollar/mark
+rates were that day, after saying he was happy with current
+sterling levels. He said he had told the NEDC, a tripartite
+forum of government, unions and industry, that the pound would
+be kept near its present level by a mixture of interest rates
+and intervention on foreign exchange markets.
+    He then repeated to the panel that he remained satisfed
+with sterling at around its current levels following the Paris
+accord in February on currency stabilisation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21459" NEWID="12602">
+<DATE> 2-APR-1987 11:07:29.90</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1378&#31;reute
+u f BC-EC-PUBLISHES-LIST-OF   04-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC PUBLISHES LIST OF U.S. BARRIERS TO FREE TRADE</TITLE>
+<DATELINE>    BRUSSELS, April 2 - </DATELINE><BODY>The European Community responded to
+widespread U.S. criticism of its trade policies by publishing
+an extensive list of U.S. actions which pose obstacles to EC
+exports.
+    A spokeswoman for the EC Commission said the detailed
+25-page report of alleged malpractices was in response to a
+similar document issued by U.S. Administration officials in
+November, and updated a previous EC list.
+    EC External Trade Relations Commissioner Willy De Clercq
+said its object was to show such actions were not solely taken
+by trading partners of the U.S. And that "the U.S. Were not
+innocents in the matter."
+    The report covers the entire field of EC-U.S. Commercial
+relations and lists more than 30 obstacles ranging from tariff
+measures, import quotas, customs duties, anti-dumping
+procedures, fiscal barriers and export subsidies.
+    The Commission said not all the barriers mentioned were
+necessarily inconsistent with U.S. International obligations,
+and emphasised many of them could be removed at upcoming
+international trade talks. "The purpose of the report is to make
+clear that trade practices which impede exports are not a
+unique problem only faced by U.S. Exporters. Europeans face
+similar problems in the U.S.," it said.
+    Among the obstacles detailed in the report are import
+restrictions on food products, such as cheese, sugar and syrup,
+certain wines, beers and juices, as well as on firearms and
+machine tools.
+    It also criticises programs to boost U.S. Cereals exports.
+The document said the U.S.'s three-year export enhancement
+program (EEP), which began in 1985, had subsidised exports of
+9.7 mln tonnes of wheat, two mln tonnes of wheat flour and 2.8
+mln tonnes of barley up to mid-March this year. The subsidies
+granted so far were worth about 620 mln dlrs, it added.
+    "The Community has already reacted where necessary to U.S.
+EEP subsidies by increasing its exports refunds, and will
+continue to do so," it said, adding the current GATT round would
+also provide an opportunity to address the subject.
+    The document also says import quotas maintained by the U.S.
+On a range of farm products, including sugar, peanuts and
+certain cottons, restrict EC exports.
+    In addition, the report deplores a recent U.S.-Japan accord
+on semi-conductors, export controls on technology transfers,
+standards tests in the telecommunications arena and the U.S.
+Administration's "buy American" public procurement policy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21460" NEWID="12603">
+<DATE> 2-APR-1987 11:11:23.62</DATE>
+<TOPICS><D>livestock</D><D>carcass</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f1408&#31;reute
+u f BC-/LYNG-SETS-TOUGH-U.S.   04-02 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG SETS TOUGH U.S. STANCE WITH JAPAN ON BEEF</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng warned Japan that the failure to remove a longstanding 
+import quota on Japanese beef might spark a protectionist
+response in the United States.
+    "Given the protectionist mood in the Congress and the
+country, if I were a leader in Japan I would certainly be very
+concerned...and the failure to remove it (the beef quota) might
+be very serious," Lyng told a group of U.S cattlemen.
+    Lyng said he and Trade Representative Clayton Yeutter,
+during a visit to Japan later this month, will demand "total
+elimination" of the beef import quota by April 1988.
+    The current dispute with Japan over semiconductor may
+strengthen the U.S. stance in farm trade negotiations, Lyng
+said, because Japan does not want a trade war with the U.S.
+    Lyng dismissed recent statements in Tokyo that Japan might
+retaliate against U.S. products as a result of the
+semiconductor dispute.
+    "They (Japan) aren't going to pick a fight with us," Lyng
+said, adding that with its huge bilateral trade surplus Japan
+has more to lose in a trade war than the United States.
+    Lyng told the U.S. cattlemen that the quota on Japanese
+beef imports does not allow consumers there an adequate choice
+in food purchases.
+    He said in addition to beef, the U.S. will press for
+eliminiation of import barriers on Japan's citrus and rice as
+well.
+    Lyng noted that Japan is the largest buyer of U.S. farm
+products, principally grains and soybeans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21461" NEWID="12604">
+<DATE> 2-APR-1987 11:13:25.96</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1420&#31;reute
+b f BC-/YEUTTER-DOUBTS-JAPAN   04-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER DOUBTS JAPAN CAN AVOID U.S. SANCTIONS</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said he doubted Japan could avoid the April 17
+imposition of U.S. tariffs on its semiconductor products.
+    The three high-level Japanese government representatives
+who would be coming here in the next few days to discuss the
+issue would probably be unable to show evidence of continued
+compliance with the semiconductor trade agreement, Yeutter told
+reporters.
+    "It would be impossible to provide evidence of compliance
+with the agreement" based on sales of only a few days time, he
+said.
+    Asked by reporters if the sanctions were 100 pct certain
+for April 17, he said, "One could never foreclose all options.
+We have an obligation to listen to the arguments our trading
+partners make."
+    He said the length of the sanctions will be determined by
+Japan and Japanese semiconductor firms.
+    "They would be lifted only when persuasive evidence provided
+demonstrates compliance," he said.
+    "Whether a few weeks or a few months depends on their
+actions," Yeutter added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21462" NEWID="12605">
+<DATE> 2-APR-1987 11:14:28.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1428&#31;reute
+u f BC-U.K.-TO-SELL-ROYAL-OR   04-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. TO SELL ROYAL ORDNANCE TO BRITISH AEROSPACE</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>U.K. Defence Minister George Younger said
+he had accepted an offer from British Aerospace Plc &lt;BAEL.L> to
+buy state-owned armaments manufacturer &lt;Royal Ordnance> for 190
+mln stg.
+    The British Aerospace bid had been competing against a
+rival offer from engineering group GKN Plc &lt;GKN.L>.
+    Younger told Parliament the sale was conditional on
+consideration by the Office of Fair Trading.
+    He said its recommendation should be available next week
+and, subject to approval by the Secretary of State for Trade
+and Industry, should be completed before Easter.
+    The decision marks the end of a period of uncertainty about
+ownership of the company, Younger said.
+    "But, equally important, it opens up the full range of
+opportunities for development and growth of business which are
+only really available under good private sector management," he
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21463" NEWID="12606">
+<DATE> 2-APR-1987 11:15:31.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1435&#31;reute
+r f BC-FREEPORT-MCMORAN-&lt;FTX   04-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEPORT MCMORAN &lt;FTX> DEBT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed Freeport McMoRan Inc's 265 mln dlrs BB-minus
+subordinated debt. The implied senior debt rating is BB-plus.
+    S and P cited a decline in debt leverage to a pro forma 50
+pct from 66 pct at year-end 1986.  Equity and gas and oil
+property sales reduced debt incurred in acquiring Petro-Lewis
+Corp, American Royalty Trust and Agrico Chemical Co.
+    The doubling of oil and gas reserves from a year earlier 
+and synergies between the firm's agricultural operations and
+Agrico strengthen its competitive position, but a rise in
+financial risk slows the improvement, S and P pointed out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21464" NEWID="12607">
+<DATE> 2-APR-1987 11:15:40.08</DATE>
+<TOPICS><D>stg</D><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1436&#31;reute
+u f BC-LAWSON-SAYS-STERLING   04-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SAYS STERLING COMMENTS INSIGNIFICANT</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Chancellor of the Exchequer Nigel Lawson
+criticised media coverage of comments he made yesterday, when
+he was reported as saying he wanted sterling to stay roughly
+where it was, specifying a rate of around 2.90 marks and 1.60
+dlrs to the pound.
+    Holding up a newspaper report on his comments headed
+"Exchange Rate Targets Set" Lawson told journalists "This story is
+a complete non-event."
+    He criticised the report, which said he was now targetting
+sterling against the dollar and mark. "Nothing of the sort
+occurred," Lawson said.
+    Lawson said he had only told National Economic Development
+Council panel members what the pound's current dollar/mark
+rates were that day, after saying he was happy with current
+sterling levels. He said he had told the NEDC, a tripartite
+forum of government, unions and industry, that the pound would
+be kept near its present level by a mixture of interest rates
+and intervention on foreign exchange markets.
+    He then repeated to the panel that he remained satisfed
+with sterling at around its current levels following the Paris
+accord in February on currency stabilisation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21465" NEWID="12608">
+<DATE> 2-APR-1987 11:15:57.17</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1438&#31;reute
+u f BC-SUN-&lt;SUN>-RAISES-HEAT   04-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN &lt;SUN> RAISES HEATING OIL BARGE PRICE</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Sun Co's Sun Refining and Marketing Co
+subsidiary said it raised the price it charges contract barge
+customers for heating oil in ny harbor by 0.50 cent a gallon,
+effective today.
+    The 0.50 cent price hike brings Sun's heating oil price to
+50.75 cts a gallon, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21466" NEWID="12609">
+<DATE> 2-APR-1987 11:20:50.47</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>steeg</D></PEOPLE>
+<ORGS><D>iea</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1460&#31;reute
+d f BC-WORLD-ENERGY-OFFICIAL   04-02 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD ENERGY OFFICIAL OPPOSES U.S OIL IMPORT FEE</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>Helga Steeg, executive director of
+the International Energy Agency, said a U.S. oil import fee
+would disrupt world markets and could prompt trade retaliation
+against the United States.
+    She told the U.S. chapter of the World Energy Conference 
+she believed "an oil import fee would be difficult to operate,
+would generate unacceptable economic costs and that it would
+gravely hamper and distort international trade in energy."
+    Steeg also said it would violate the General Agreement on
+Tariffs and Trade (GATT) by imposing a discriminatory tariff,
+permitting retaliation by oil exporting countries.
+    Steeg praised President Reagan's opposition to a tax, which
+would be aimed at helping the U.S. oil industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21467" NEWID="12610">
+<DATE> 2-APR-1987 11:21:12.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>hong-kong</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1461&#31;reute
+u f BC-OGLEBAY   04-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG FIRM BOOSTS OGLEBAY &lt;OGLE> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>Industrial Equity (Pacific) Ltd, a
+Hong Kong investment firm, said it raised its stake in Oglebay
+Norton Co to 351,500 shares, or 10.6 pct of the total
+outstanding common stock, from 286,500 shares, or 8.6 pct.
+    In a filing with the Securities and Exchange Commission,
+Industrial Equity, which is principally owned by Brierley
+Investments Ltd, a publicly held New Zealand firm, said it
+bought 65,000 Ogelbay shares on March 27 at 27.00 dlrs each.
+    It also said the Federal Trade Commission had no objection
+to its notification that it may buy between 15 and 24.9 pct of
+Ogelbay's common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21468" NEWID="12611">
+<DATE> 2-APR-1987 11:24:03.21</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1474&#31;reute
+r f BC-UTILICORP-&lt;UCU>-DIVIS   04-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UTILICORP &lt;UCU> DIVISION CUTS GAS RATES</TITLE>
+<DATELINE>    KANSAS CITY, Mo., April 2 - </DATELINE><BODY>Utilicorp United said the Iowa
+Utilities Board has ordered its Peoples Natural Gas division to
+reduce its rates to customers by 313,937 dlrs.
+    Utilicorp said it will request a reconsideration of the
+order within 20 days and the Board will have 20 days to act
+upon the request.
+    The company said the reduction was the result of a rate
+request filed by Peoples in May 1986 for an 8.6 mln dlr
+increase. The Board granted Peoples an interim increase of 4.2
+mln dlrs in August 1986, Utilicorp said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21469" NEWID="12612">
+<DATE> 2-APR-1987 11:24:34.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1477&#31;reute
+h f BC-NAKASONE-SAID-WILLING   04-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE SAID WILLING TO REVISE SALES TAX PLAN</TITLE>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>Japanese press reports said Prime Minister
+Yasuhiro Nakasone has said he may compromise on his
+controversial sales tax plan, bowing to widespread opposition
+even within his own party.
+    The reports said he told a meeting of supporters of his
+ruling Liberal Democratic Party today the proposed five pct tax
+should be amended if there was anything wrong with it.
+    Officials were not immediately available for comment.
+    Until now, Nakasone had vowed to press on with the tax as
+part of his plan to reform Japan's 36-year-old tax system.
+    But most Japanese newspapers and news agencies quoted him
+as saying today he would not foist the tax on the Japanese
+people if they hated it.
+    Opposition parties and some industry groups say the tax
+breaks Nakasone general election campaign promises last July
+and would discourage consumer spending, needed to meet
+government pledges to try to stimulate economic growth.
+    Pressure for the tax to be amended or shelved is likely to
+increase soon, before a first round of local elections due on
+April 12, political analysts said. Resistance has spread from
+opposition parties and affected industries to the LDP.
+    Some 36 of Japan's 47 provincial governments have called
+for the plan to be scrapped or handled carefully, government
+officials said.
+    Some leading LDP candidates for the local polls have not
+asked Nakasone to make a campaign speech for them as they fear
+his presence would weaken their position in the elections.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21470" NEWID="12613">
+<DATE> 2-APR-1987 11:24:54.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1479&#31;reute
+d f BC-HITECH-ENGINEERING-CO   04-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HITECH ENGINEERING CO &lt;THEX> YEAR NET</TITLE>
+<DATELINE>    MCLEAN, Va., April 2 -
+    </DATELINE><BODY>Shr profit nil vs loss 10 cts
+    Net profit 19,000 vs loss 1,825,000
+    Revs 2,611,000 vs 610,000
+    Avg shrs 19.3 mln vs 18.0 mln
+    NOTE: 1986 net includes 4,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21471" NEWID="12614">
+<DATE> 2-APR-1987 11:25:14.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1482&#31;reute
+s f BC-GENERAL-DYNAMICS-&lt;GD>   04-02 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL DYNAMICS &lt;GD> SETS DIVIDEND</TITLE>
+<DATELINE>    ST. LOUIS, April 2 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay May 15
+    Record April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21472" NEWID="12615">
+<DATE> 2-APR-1987 11:27:26.83</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1493&#31;reute
+r f BC-EC-TO-RELEASE-MORE-BR   04-02 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC TO RELEASE MORE UK INTERVENTION FEED WHEAT</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>The European Community Commission decided
+today to make available a further 70,000 tonnes of British
+intervention feed wheat for sale on to the British domestic
+market, trade sources said here.
+    This will be additional to the 31,000 tonnes remaining
+after this week's sale of 126,031 tonnes of domestic feed wheat
+to the home market, British officials said in London.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21473" NEWID="12616">
+<DATE> 2-APR-1987 11:35:42.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1516&#31;reute
+r f BC-FMI-FINANCIAL-CORP-&lt;F   04-02 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FMI FINANCIAL CORP &lt;FMIF> 4TH QTR NET</TITLE>
+<DATELINE>    CINCINNATI, April 3 -
+    </DATELINE><BODY>Shr seven cts vs 47 cts
+    Net 652,000 vs 11.3 mln
+    Year
+    Shr 2.77 dlrs vs 73 cts
+    Net 77.6 mln vs 16.6 mln
+    NOTE: 1986 year net includes gain 51.0 mln dlrs from sale
+of American Cellular Telephone Corp shares.
+    1985 net both periods includes 15.2 mln dlr gain from sale
+of Washington office building.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21474" NEWID="12617">
+<DATE> 2-APR-1987 11:38:47.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V A
+&#22;&#22;&#1;f1527&#31;reute
+u f BC-/U.S.-REGULATORS-DOWN   04-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. REGULATORS DOWNGRADE BRAZIL TO SUBSTANDARD</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>In a fresh sign of the strains caused
+by Brazil's suspension of interest payments on its medium-and
+long-term debt, U.S. bank regulators have lowered their rating
+of the country's creditworthiness to "substandard," bankers
+said.
+    Brazil was previously ranked as an "other transfer risk
+problem." Reserves would have to be set aside for loans to
+Brazil only if its credit rating were lowered by another notch
+to "value impaired," but bankers said the regulators' decision
+should be read as a sign of official concern about the
+deterioration in Brazil's finances.
+    The downgrading was decided by the Interagency Country
+Valuation Review Committee, which groups regulators from
+the Federal Reserve Board, the Federal Deposit Insurance Corp
+and the Comptroller of the Currency.
+    The downgrading coincides with the move by several major
+U.S. banks to place their loans to Brazil on non-accrual status
+because of the February 20 suspension of interest on 68 billion
+dlrs of term debt.
+    By declaring the loans non-performing, the banks wipe out
+tens of millions of dollars of accrued, but uncollected,
+interest payments from their first-quarter accounts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21475" NEWID="12618">
+<DATE> 2-APR-1987 11:40:49.21</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f1532&#31;reute
+u f BC-LYNG-DEFENDS-U.S.-MEA   04-02 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG DEFENDS U.S. MEAT INSPECTION SYSTEM</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng, reacting to recent criticism of U.S. meat inspection,
+defended the program saying the United States has the best
+inspection system in the world.
+    Speaking to representatives of the U.S. National
+Cattlemen's Association, NCA, Lyng attacked what he called
+recent "terribly biased" press reports critical of USDA poultry
+inspection. He cited a report on CBS "60 Minutes" which
+criticized USDA salmonella detection in poultry.
+    "I know we have the finest meat and poultry inspection
+system in the world," Lyng told the cattlemen.
+    Lyng said USDA makes every effort to minimize the levels of
+salmonella in poultry, but added "the total elimination of
+harmful bacteria is virtually impossible in this world."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21476" NEWID="12619">
+<DATE> 2-APR-1987 11:41:19.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1535&#31;reute
+r f BC-biologicals   04-02 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENS BIO LOGICALS INC &lt;BIOLF> YEAR NET</TITLE>
+<DATELINE>    TORONTO, April 2 -
+    </DATELINE><BODY>Shr 22 cts vs not given
+    Net 1.6 mln vs 1.4 mln
+    Revs 35 mln vs 14 mln
+    NOTE: 1985 results restated from originally reported loss
+of 1.6 mln dlrs or 28 cts a share.
+    1986 figures reflect reverse takeover accounting to include
+12-month results of the Rose Group, but only three months for
+Tele-Radio Systems Ltd and Ens Bio Logicals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21477" NEWID="12620">
+<DATE> 2-APR-1987 11:41:51.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1537&#31;reute
+u f BC-VERNITRON-&lt;VRN>-TENTA   04-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERNITRON &lt;VRN> TENTATIVELY SETS MERGER VOTE</TITLE>
+<DATELINE>    LAKE SUCCESS, N.Y., April 2 - </DATELINE><BODY>Vernitron Corp said it
+anticipates that a special shareholders meeting will be held in
+June to vote on a proposed merger with SB Holding Corp.
+    Vernitron said the record date for the meeting has been
+tentatively set for May 15.
+    The company said it filed preliminary proxy materials with
+the Securities and Exchange Commission for the special
+shareholders meeting.
+    Following its tender offer in November 1986, SB Holding
+owns 54.7 pct of Vernitron.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21478" NEWID="12621">
+<DATE> 2-APR-1987 11:42:34.53</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1541&#31;reute
+u f BC-BETHLEHEM-STEEL-&lt;BS>   04-02 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BETHLEHEM STEEL &lt;BS> RAISES H-PILE PRICES</TITLE>
+<DATELINE>    BETHLEHEM, Pa., April 2 - </DATELINE><BODY>Bethlehem Steel Corp said
+effective with shipments of May 3 transaction prices for all
+H-piles will be increased by 30 dlrs per short ton.
+    The company said a new base price, coupled with revised
+size extras, will result in a published price of 446 dlrs per
+ton HP14 and 420 dlrs for all other H-pile sizes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21479" NEWID="12622">
+<DATE> 2-APR-1987 11:45:31.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1554&#31;reute
+r f BC-TO-FITNESS-&lt;TFIT>-CHA   04-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TO-FITNESS &lt;TFIT> CHANGES OFFERING TERMS</TITLE>
+<DATELINE>    BAY HARBOUR ISLAND, Fla., April 2 - </DATELINE><BODY>To-Fitness Inc said it
+has changed the terms of a proposed five mln unit offering
+expected to be made at 1,000 dlrs per unit through underwriter
+Eastlake Securities Inc.
+    The company said now each unit will consist of 100
+redeemable cumulative preferred shares and a number of common
+shares to be determined at the time of the offering.
+Previously, the units were to consist entirely of preferred.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21480" NEWID="12623">
+<DATE> 2-APR-1987 11:45:41.56</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1555&#31;reute
+b f BC-/YEUTTER-SEES-POSSIBL   04-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER SEES POSSIBLE EUROPEAN, JAPAN RECESSION</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said a possible recession in western Europe or Japan
+was possible as a result of the U.S. dollar's decline and the
+resulting drop in the U.S. trade deficit.
+    Yeutter told the Senate Finance Committee, "They certainly
+have the macroeconomic policy tools to adjust" to the U.S.
+reduction in imports.
+    Asked if the U.S. trade deficit was preventing them from
+going into a recession, Yeutter replied that result was
+"certainly possible" and was the reason why they should adjust
+their monetary, fiscal and tax policies.
+    Asked by Sen. Bill Bradley (D-N.J.) whether the U.S. trade
+deficit would improve more if the value of the dollar dropped
+further, Yeutter replied, "That should be a mathematical truism."
+But he added that markets are more complicated than that.
+    He said he expected the current decline in the dollar to
+show up soon in the decline in the value of imports.
+    He expected the U.S. would soon start importing less from
+Japan and Europe and would start exporting more to Europe where
+there's less rigidity on imports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21481" NEWID="12624">
+<DATE> 2-APR-1987 11:46:56.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1561&#31;reute
+d f BC-MEDICORE-INC-&lt;MDK>-YE   04-02 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDICORE INC &lt;MDK> YEAR NET</TITLE>
+<DATELINE>    HIALEAH, Fla., April 2 -
+    </DATELINE><BODY>Oper shr 15 cts vs 32 cts
+    Oper net 656,927 vs 1,388,765
+    Revs 15.4 mln vs 11.3 mln
+    NOTE: 1985 net includes pretax gain 1,880,056 dlrs on sale
+of stock in subsidiary.
+    Net excludes discontinued operations loss 641,001 dlrs vs
+profit 281,818 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21482" NEWID="12625">
+<DATE> 2-APR-1987 11:48:37.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1569&#31;reute
+h f BC-GENERAL-AUTOMATION-&lt;G   04-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL AUTOMATION &lt;GENA> COMPLETES PURCHASE</TITLE>
+<DATELINE>    AHAHEIM, Calif., April 2 - </DATELINE><BODY>General Automation Inc said it
+completed its previously announced acquisition of Parallel
+Computers Inc, of Santa Clara, Calif.
+    The company said the purchase price consisted of 615,000
+General Automation restricted shares together with 5-year
+warrants to buy an aggregate 445,000 additional shares at 5.25
+dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21483" NEWID="12626">
+<DATE> 2-APR-1987 11:53:26.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1587&#31;reute
+u f BC-COMDISCO-&lt;CDO>-SEES-R   04-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMDISCO &lt;CDO> SEES RECORD 2ND QTR EARNINGS</TITLE>
+<DATELINE>    ROSEMONT, ILL., April 2 - </DATELINE><BODY>Comdisco Inc expects record
+earnings for the second quarter ended March 31 in the range of
+65 to 75 cts a share, Chairman Kenneth Pontikes said in remarks
+prepared for delivery to a group of Los Angeles financial
+executives.
+    In the year-earlier second quarter, Comdisco reported
+earnings of 40 cts a share.
+    Pontikes reiterated that earnings for the full fiscal year
+should be "at record levels of 2.10 dlrs to 2.25 dlrs a share
+compared with 1.91 dlrs a share a year ago."
+    Comdisco said the anticipated higher earnings are the
+result of strong performance by its risk arbitrage subsidiary
+and increased profitability from the marketing of its lease
+portfolio and its disaster recovery services.
+    It said the loss incurred from risk arbitrage activities in
+the first fiscal quarter of 1987 has been completely recovered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21484" NEWID="12627">
+<DATE> 2-APR-1987 11:54:02.32</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f1590&#31;reute
+r f BC-ROYAL-BANK-CANADA-LOW   04-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL BANK CANADA LOWERS CREDIT CARD RATE</TITLE>
+<DATELINE>    MONTREAL, April 2 - </DATELINE><BODY>&lt;Royal Bank of Canada> said it would
+lower its Visa credit card interest rate to 15.9 pct from 18.6
+pct, effective with the May billing statement.
+    The bank said it would retain the credit card user fee of
+12 dlrs yearly or 15 cts a transaction.
+    Its move came one day after &lt;Canadian Imperial Bank of
+Commerce> lowered its credit card interest rate to the same
+level. The Canadian government last month threatened to
+legislate lower credit card rates if financial institutions did
+not voluntarily do so. &lt;Toronto Dominion Bank> lowered its rate
+to 15.9 pct before the government warning.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21485" NEWID="12628">
+<DATE> 2-APR-1987 11:59:15.70</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1599&#31;reute
+u f BC-DANISH-RESERVES-RISE   04-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH RESERVES RISE IN MARCH</TITLE>
+<DATELINE>    COPENHAGEN, April 2 - </DATELINE><BODY>Denmark's net official reserves rose
+to 49.49 billion crowns in March from 36.34 billion in
+February, against 43.13 billion in March 1986, the central bank
+said in its monthly balance sheet report.
+    Total net reserves, including reserves held by commercial
+and major savings banks and corrected for exchange rate
+adjustments, rose to 45.263 billion crowns from 37.26 billion
+in February, compared with 35.31 billion in March 1986.
+    "The increase must be seen against the background of a
+considerable inflow of foreign exchange after the outflow up to
+the EMS realignment in January," the bank said in a statement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21486" NEWID="12629">
+<DATE> 2-APR-1987 12:00:03.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1601&#31;reute
+u f BC-XYVISION   04-02 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER FIRM SELLS 5.4 PCT XYVISION &lt;XYV> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>A group led by Leading Edge Hardware
+Products Inc, a Massachusetts computer firm, told the
+Securities and Exchange Commission it sold its entire 5.4 pct
+stake in Xyvision Inc.
+    The group, which includes Leading Edge and companies
+affiliated with it, said it sold the 324,200 Xyvision common
+shares between February 27 and April 1 for a total of 5.0 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21487" NEWID="12630">
+<DATE> 2-APR-1987 12:00:40.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1602&#31;reute
+r f BC-CREDIT-LYONNAIS-&lt;CRLP   04-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT LYONNAIS &lt;CRLP.PA> 1986 PROFIT UP SHARPLY</TITLE>
+<DATELINE>    PARIS, April 2 -
+    </DATELINE><BODY>Parent company net profit 965 mln francs vs 442 mln.
+    Dividend 22.50 francs vs 6.32.
+    Net banking income 22.23 billion francs vs 20.33 billion.
+    Net operating provisions 5.50 billion francs vs 5.19
+billion, with most of increase going to cover loans to
+heavily-indebted countries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21488" NEWID="12631">
+<DATE> 2-APR-1987 12:00:58.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1603&#31;reute
+u f BC-UNITED-STATIONERS-INC   04-02 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED STATIONERS INC &lt;USTR> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    DES PLAINES, Ill., April 2 -
+    </DATELINE><BODY>Shr 29 cts vs 28 cts
+    Net 4,411,000 vs 4,210,000
+    Revs 185.5 mln vs 159.4 mln
+    Six mths
+    Shr 58 cts vs 60 cts
+    Net 8,821,000 vs 8,603,000
+    Revs 362.6 mln vs 331.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21489" NEWID="12632">
+<DATE> 2-APR-1987 12:07:39.74</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1638&#31;reute
+r f BC-MICHIGAN-NATIONAL-&lt;MN   04-02 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICHIGAN NATIONAL &lt;MNCO> RAISES PRIME</TITLE>
+<DATELINE>    FARMINGTON HILLS, Mich., April 2 - </DATELINE><BODY>Michigan National Corp
+said it raised the prime rate for its subsidiary Michigan
+National Bank to 7-3/4 pct from 7-1/2 pct, effective yesterday.
+    The move follows similar increases earlier in the week by
+other banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21490" NEWID="12633">
+<DATE> 2-APR-1987 12:09:59.46</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1650&#31;reute
+r f AM-MINE   04-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA &lt;NOR> COPPER MINE BLAZE KILLS ONE</TITLE>
+<DATELINE>    MURDOCHVILLE, Que., April 2 - </DATELINE><BODY>One miner has died and 44
+miners remain trapped a half mile underground in a fire at a
+Noranda Inc copper mine, officials said.
+    Noranda said 26 miners had made it to a lunch room, where
+they had air and water, but 18 others were unaccounted for.
+    Two rescue teams were searching for the missing men.
+    Noranda spokesman Lionel Gleeton said miner Ange-Marie
+Kenney, in his 30s, died when he was caught in thick smoke
+about 1,000 feet from the lunch room. His body was found by
+rescuers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21491" NEWID="12634">
+<DATE> 2-APR-1987 12:10:42.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1654&#31;reute
+b f BC-WORLD-BANK-REFINANCED   04-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK REFINANCED 500 BILLION YEN OF LOANS</TITLE>
+<AUTHOR>    By Marguerite Nugent, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The World Bank over the last month repaid
+and refinanced 500 billion yen in loans at more favourable
+interest rates in what was the first step in a plan to
+refinance its existing debt, Eugene Rotberg, World Bank
+vice-president/treasurer said.
+    He told Reuters in a telephone interview from Washington
+that the moves are consistent with, but not driven by, the
+Bank's view that interest rates have essentially bottomed out
+and will move higher by year-end.
+    Rotberg was responding to a question following news the
+Bank would exercise its option to prepay early some 196 mln
+Swiss francs of existing bonds in the Swiss franc market.
+    The bond redemptions are the first in the public market and
+may be followed by similar moves in other capital markets if
+the Bank considers the exercise financially beneficial and
+consistent with its overall funding strategy.
+    Rotberg noted that the World Bank is very liquid right now,
+with some 18 billion dlrs in cash available. The Bank will be
+looking at various instruments and the levels they are trading
+at in determining what issues will be repaid, he said.
+    However, Rotberg said that unlike the yen loans, there was
+no immediate plan to refinance the Swiss franc bonds, although
+the Bank could possibly issue new debt in that market over the
+next few months.
+    He said that the yen loans, which were the equivalent of
+some three billion dlrs principal amount, had been from the
+Japanese long-term credit banks, trust banks and insurance
+companies and had interest rates of between seven and nine pct.
+    All the borrowings were refinanced as traditional
+syndicated loans with the same parities at the Japanese
+long-term prime rate, currently 5.8 pct.
+    The World Bank borrows in excess of 10 billion dlrs a year,
+with almost all its borrowings in medium and long-term fixed
+rate markets.
+    Rotberg declined to say whether the 1/4 point rise in U.S.
+Prime rates yesterday to 7-3/4 pct signalled a reversal in the
+trend in interest rates. "Over the short term, rates could go up
+or they could go down," he said, adding that the bank takes a
+longer view on interest rates when deciding its financing
+strategy. However, given the current level of interest rates,
+it would not be wise to take short-term money on to the
+liability side of the Bank's balance sheet, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21492" NEWID="12635">
+<DATE> 2-APR-1987 12:12:24.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1661&#31;reute
+r f BC-mitel   04-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH TELECOM &lt;BTY> GIVES CTG TO MITEL &lt;MLT></TITLE>
+<DATELINE>    OTTAWA, April 2 - </DATELINE><BODY>British Telecommunications PLC has
+transferred the information systems division of its wholly
+owned Canadian subsidiary, CTG Inc, to 51-pct-owned Mitel Corp,
+Mitel said.
+    It said the transfer was designed to strengthen Mitel's
+position in the Canadian market.
+    British Telecom acquired 51 pct of Mitel in March, 1986,
+while CTG became a wholly owned British Telecom subsidiary in
+May, 1985.
+    Mitel said the transfer of holdings represents a
+restructuring of British Telecom's private branch exchange
+(PBX) interests in Canada.
+    It said the CTG unit will become the center of a newly
+formed Mitel direct sales division, which will sell SX-2000
+products to major Canadian business customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21493" NEWID="12636">
+<DATE> 2-APR-1987 12:14:08.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1671&#31;reute
+d f BC-POLYSAR,-ALBERTA-COMP   04-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLYSAR, ALBERTA COMPLETES PURCHASE</TITLE>
+<DATELINE>    SARNIA, Ontario, April 2 - </DATELINE><BODY>Polysar Ltd said Alberta Natural
+Gas Co Ltd completed its purchase of Canstates Energy's shares
+held by Rankin Holdings Ltd for undisclosed terms.
+    Polysar said its previous partnerships with Rankin in
+Canstates Energy, a natural gas liquid company, will continue
+with Alberta. Polysar, an international petrochemical company,
+said the new partnership will be beneficial to putting together
+a natural gas liquid system to serve the petrochemical
+feedstock requirements of its business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21494" NEWID="12637">
+<DATE> 2-APR-1987 12:17:38.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1686&#31;reute
+u f BC-WARNER-COMMUNICATIONS   04-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARNER COMMUNICATIONS &lt;WCI> UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Moody's Investors Service Inc said it
+upgraded 924 mln dlrs of debt of Warner Communications Inc.
+    Raised to Baa-1 from Ba-1 were the company's subordinated
+debt and Series A convertible exchangeable preferred stock.
+Moody's also affirmed Warner's Prime-2 commercial paper.
+    The agency cited substantial improvements in Warner's
+operating performance, a stronger balance sheet and favorable
+long-term prospects for its core business.
+    Warner's increased earnings and selective asset sales
+significantly reduced leverage and strengthened its equity
+base, Moody's said. Fixed-charge coverages have also improved.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21495" NEWID="12638">
+<DATE> 2-APR-1987 12:18:45.58</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1689&#31;reute
+u f BC-EC-FREES-MORE-U.K.-IN   04-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FREES MORE U.K. INTERVENTION WHEAT FOR SALE</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The EC Cereals Management Committee
+agreed in Brussels today that 300,000 tonnes of U.K.
+Intervention wheat would be made available for sale on the U.K.
+Home market over the next three months, the Ministry of
+Agriculture said.
+    The committee agreed that 70,000 tonnes of wheat would be
+made available on April 14 followed by a further 30,000 tonnes
+later in the month.
+    It also gave an assurance that a further 100,000 tonnes
+would be allocated for both May and June, which would complete
+the 300,000 tonnes originally requested by the U.K..
+    The ministry said sales out of intervention for July and
+August would be discussed later.
+    Earlier, Paris trade sources said the EC Commission made
+available a further 70,000 tonnes of British intervention feed
+wheat for sale to the domestic market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21496" NEWID="12639">
+<DATE> 2-APR-1987 12:19:12.89</DATE>
+<TOPICS><D>silver</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1692&#31;reute
+u f BC-/SUNSHINE-MINING-CHIE   04-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNSHINE MINING CHIEF SEES SILVER AT 9.00 DLRS</TITLE>
+<AUTHOR>    By Pierre Belec, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Heightened concern over renewed
+inflation is feeding the rally in silver and the upward move
+could drive the inflation hedge metal this year to as much as
+9.00 dlrs per troy ounce, Mike Boswell chairman of Sunshine
+Mining Co told Reuters in an interview.
+    "The anticipated higher inflation is being manifested in
+silver rather than in gold which is the traditional choice of
+inflation hedgers," said Boswell.
+    The strength could put silver in a range of "8.00 to 9.00
+dlrs even without any material swings in supply/demand,"
+Boswell said.
+    The buying interest for silver on the New York Commodity
+Exchange (Comex) continued strong, with prices rising today to
+a September 1986 high of 6.465 dlrs per ounce. However gold
+lagged at 426.30 dlrs, the strongest price since late January
+this year.
+    Boswell said silver has been "under-valued for so long
+relative to gold but it's closing up the price gap."
+    He noted that silver last year held at the depressed level
+of 5.00 dlrs while gold was soaring to more than 400.00 dlrs on
+concern over the heated political unrest in South Africa. "The
+strength was not filtering down to silver last year. Now
+we're seeing a delayed reaction," the Sunshine Mining official
+said.
+    Almost a year ago, U.S. producers shut down two of their
+largest silver properties, Sunshine and Hecla mining companies,
+both located in Idaho.
+    Boswell estimated that the closings slashed U.S. silver
+production by 10 mln ounces last year to less than 40 mln
+ounces.
+    "Low silver prices and high labor costs made it
+uneconomical to keep the mines opened," he said.
+    Increased imports from Mexico and Peru have made up for the
+loss of production in the United States which consumes 160 to
+170 mln ounces annually, Boswell said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21497" NEWID="12640">
+<DATE> 2-APR-1987 12:20:32.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE><D>eyskens</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>bse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1696&#31;reute
+u f BC-BELGIUM-TO-SIMPLIFY-B   04-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM TO SIMPLIFY BOURSE TAX SYSTEM</TITLE>
+<DATELINE>    BRUSSELS, April 2 - </DATELINE><BODY>Belgian Finance Minister Mark Eyskens
+said he will announce measures in the next few days making it
+easier for non-residents to recoup the 25 pct withholding tax
+levied on investment income in Belgium.
+    In an interview with Reuters, Eyskens also said he hoped
+the cabinet would tomorrow approve the abolition of bourse
+transaction taxes for non-residents, making Brussels one of the
+few stock exchanges in the world where foreign investors were
+not subjected to such a tax.
+    He said both measures were aimed at attracting capital
+imports, reducing Belgium's heavy net capital outflows.
+    Under the present system, non-residents pay withholding tax
+on their income from Belgian investments and can then reclaim
+it from Belgian authorities.
+    But financial analysts said the procedure for recouping the
+tax is so bureaucratic and slow that it effectively acts as a
+barrier to foreign investment in Belgium, especially in the
+secondary bond market.
+    Eyskens said he was ready to "simplify and eventually
+suppress" the procedure for non-residents and would announce
+details in the next few days.
+    Financial analysts said the move would be far more
+significant than the imminent abolition for non-residents of
+the minimal bourse transaction taxes. These are set at three
+rates - 0.07 pct, 0.14 pct and 0.35 pct - according to the type
+of paper transacted.
+    Eyskens said he hoped later to be able to abolish the
+transaction taxes for residents as well, but this would depend
+on progress in cutting the government's high budget deficit.
+    He called the current 25 pct level of witholding tax "much
+too high" and said he hoped to reduce it in the longer term,
+perhaps as part of an overall reform of Belgian tax.
+    But he added this would have to be done progressively
+because of its budgetary impact. The tax raises 170 billion
+francs a year in revenues, he said.
+    Eyskens envisaged a cut to a basic 15 pct, after which a
+rate could be set for each new security issued.
+    He said that as well as aggravating net capital outflows,
+the high rate of withholding tax also meant the treasury was
+forced to borrow at higher interest rates.
+    But he said it was politically impossible to reduce taxes
+on investment income before those on earned income had been cut
+as part of the tax reform, planned for late 1980s.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21498" NEWID="12641">
+<DATE> 2-APR-1987 12:20:58.08</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1697&#31;reute
+r f BC-NORANDA-MINE-PRODUCTI   04-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA'S MURDOCHVILLE MINE SHUT DOWN BY FIRE</TITLE>
+<DATELINE>    Toronto, April 2 - </DATELINE><BODY>&lt;Noranda Inc> said production at its
+Murdochville, Quebec, copper mine was shut down by the fire
+that trapped 44 miners and killed at least one.
+    Noranda spokesman Denis Morin said it was impossible to
+judge right now how long the shutdown might last, but said he
+thought it could be at least one week.
+    The mine produced 1,792,000 metric tons of ore in 1986,
+Morin said. It has a mineral inventory of 35,065,000 tons.
+    In the mine's three zones last year, copper grade was 1.10
+pct at Needle Mountain, 0.30 pct at Copper Mountain Oxide and
+1.32 pct at Murdochville, Morin said.
+    Another Noranda spokesman said the smelter at Murdochville,
+which has not been shut down, has the capacity to treat 218,000
+tons of mineral concentrate per year.
+    The smelter treats ore from other mines as well as product
+from the Murdochville facility, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21499" NEWID="12642">
+<DATE> 2-APR-1987 12:25:37.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1713&#31;reute
+u f BC-G-7-TO-REVIEW-PARIS-A   04-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 TO REVIEW PARIS ACCORD IN WASHINGTON - LAWSON</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The Group of Seven industrialised
+countries will make use of next week's International Monetary
+Fund meetings in Washington to evaluate the Paris accord on
+currency stabilisation, U.K. Chancellor of the Exchequer Nigel
+Lawson told reporters.
+    "On Tuesday I shall be going to Washington for meetings of
+the (IMF) Interim Committee and Development Committee, and we
+shall of course be having a meeting of the G-7," Lawson said.
+    "And on the G-7, although there is no formal agenda, I would
+imagine that the first thing we do would be to review how the
+Paris accord has gone since it was agreed in February."
+    Lawson said G-7 finance ministers will be reviewing
+medium-term economic objectives and projections involving
+domestic and external variables. Also examined will be
+performance indicators for each country.
+    The Paris accord set objectives for such sectors as growth,
+inflation, current account and trade balances, budget
+performances, monetary conditions and exchange rates.
+    Lawson said "At both the G-7 and the Interim Committee we
+will undoubtedly be discussing the debt problem. Clearly the
+debt problem is still with us, and still with us in quite a big
+way."
+    "In many ways the problems of the big debtor countries, and
+indeed the poorest countries, are every bit as acute as they
+were when they began. It will be with us for a very long time."
+    Lawson said he knew of no new debt initiative which might
+be presented and discussed next week in Washington. "We've got
+to go on a case-by-case basis," Lawson said.  Possibilities for
+a coordinated approach to the problem would be something he
+would raise within the IMF, Lawson said.
+    He noted the rise this week in U.S. Short-term interest
+rates, and said that a significant rise in borrowing costs
+would make the debt problem more acute.
+    Special attention would go to Brazil next week, but Lawson
+added, "I do not expect anything to come to a head on that."
+    Lawson said he told Brazilian Finance Minister Dilson
+Funaro here in February that Britain would not intervene and
+press British commercial banks into giving Brazil easier
+borrowing conditions. "I told him it was a matter for the banks,
+not governments," Lawson said.
+    The IMF Interim Committee is to meet formally in Washington
+next Thursday, while the Development Committee was set to
+convene on Friday, Treasury officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21500" NEWID="12643">
+<DATE> 2-APR-1987 12:27:09.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1718&#31;reute
+s f BC-STANDARD-MOTOR-PRODUC   04-02 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD MOTOR PRODUCTS INC &lt;SMP> SETS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, April 2 -
+    </DATELINE><BODY>Qtly div eight cts vs eight cts prior
+    Pay June 1
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21501" NEWID="12644">
+<DATE> 2-APR-1987 12:28:05.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1721&#31;reute
+u f BC-NATIONAL-VIDEO-&lt;NVIS>   04-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL VIDEO &lt;NVIS>, UNIVISA IN AGREEMENT</TITLE>
+<DATELINE>    CHICAGO, April 2 - </DATELINE><BODY>National Video Inc said it entered an
+agreement with Univisa Inc for the development of 600 National
+Video franchised stores in Hispanic communities by 1992.
+    Univisa, a Spanish-language group with interests in
+television, cable, program distribution, news services and
+records, will translate the National Video System into Spanish
+and market the franchises.
+    National Video currently operates 700 stores. Franchises
+sell for 14,900 dlrs to 29,900 dlrs and require an initial
+investment of 100,000-389,000 dlrs, it said.
+     Under terms of the agreement, Univisa is to sell not less
+than 600 National Video franchises to open by December 31,
+1992. Subject to board approval, National Video will grant
+options to Univisa to buy up to 200,000 shares at six dlrs per
+share by April 1, 1990 and an additional 160,000 shares at nine
+dlrs per share by April 1992.
+    In related agreements, National Video agreed to distribute
+Univisa Spanish video tapes and promotional materials
+distributed by of such video cassettes and will buy advertising
+on Univisa's national television network and on local Spanish
+language television stations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21502" NEWID="12645">
+<DATE> 2-APR-1987 12:32:08.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1734&#31;reute
+r f BC-MONOLITHIC-MEMORIES-I   04-02 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONOLITHIC MEMORIES INC &lt;MMIC> 2ND QTR NET</TITLE>
+<DATELINE>    SANTA CLARA, Calif., April 2 - </DATELINE><BODY>Period ended March 15.
+    Shr 28 cts vs five cts
+    Net 6,203,000 vs 1,030,000
+    Sales 52.6 mln vs 42.7 mln
+    Six Mths
+    Shr 34 cts vs seven cts
+    Net 7,543,000 vs 1,376,000
+    Sales 100.1 mln vs 82.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21503" NEWID="12646">
+<DATE> 2-APR-1987 12:33:11.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1741&#31;reute
+r f BC-VERNITRON-&lt;VRN>-SETS   04-02 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERNITRON &lt;VRN> SETS SHAREHOLDER VOTE ON MERGER</TITLE>
+<DATELINE>    LAKE SUCCESS, N.Y., April 2 - </DATELINE><BODY>Vernitron Corp said it
+expects to hold a special meeting in June for a vote on its
+proposed merger into SB Holding Corp, which acquired 54.7 pct
+of Vernitron in a tender offer last November.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21504" NEWID="12647">
+<DATE> 2-APR-1987 12:35:14.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1755&#31;reute
+r f BC-DUFF/PHELPS-PUTS-STAN   04-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS PUTS STANDARD OIL&lt;SRD> ON WATCH LIST</TITLE>
+<DATELINE>    CHICAGO, April 2 - </DATELINE><BODY>Duff and Phelps put the outstanding
+fixed income securities of of Standard Oil Co on its watch list
+following the tentative offer by British Petroleum of North
+America &lt;BP> to buy the company.
+    Standard Oil's nearly three billion dlrs of long-term debt
+is currently rated DP-5 (high A) by the ratings agency.
+    British Petroleum currently owns about 55 pct of Standard
+Oil's outstanding common stock and to acquire the remainder at
+the tender offer price of 70 dlrs per share would cost 7.4
+billion dlrs.
+    British Petroleum intends to fund two-thirds of that
+purchase with borrowed funds and the rest with cash.
+    The additional debt will raise the fixed obligation ratio
+of British Petroleum from under 30 pct to perhaps 45 pct and
+increase its debt service requirements, Duff and Phelps said.
+    However, putting Standard Oil's debt on its watch list,
+which Duff and Phelps said had "potentially negative
+implications," may eventually result in an upgrade depending on
+how British Petroleum restructures the company, Howard Mount of
+the ratings agency said.
+    Mount said that acquiring Standard Oil's substantial cash
+flows and eliminating the annual dividend, which totaled 305
+mln dlrs to common shareholders in 1986, would help satisfy
+British Petroleum's higher debt service.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21505" NEWID="12648">
+<DATE> 2-APR-1987 12:36:05.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1762&#31;reute
+d f BC-SWEDEN-OKAYS-CYTRX-&lt;C   04-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN OKAYS CYTRX &lt;CYTR> BIOPOOL ACQUISITION</TITLE>
+<DATELINE>    ATLANTA, April 2 - </DATELINE><BODY>CytRx Corp said the Swedish authorites
+and the Bank of Sweden approved its acquisition of Biopool AB
+of Sweden through a 60 pct owned Delaware corporate subsidiary,
+CytRx Biopool Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21506" NEWID="12649">
+<DATE> 2-APR-1987 12:36:26.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1763&#31;reute
+d f BC-ALAMCO-INC-&lt;AXO>-4TH   04-02 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALAMCO INC &lt;AXO> 4TH QTR</TITLE>
+<DATELINE>    CLARKSBURG, W. VA, April 2 -
+    </DATELINE><BODY>Shr loss 10 cts vs profit three cts
+    Net loss 1.5 mln vs profit 442,000
+    Revs 2.6 mln vs 6.5 mln
+    Year
+    Shr loss 54 cts vs loss 77 cts
+    Net loss 7.9 mln vs loss 11.3 mln
+    Revs 14.2 mln vs 23.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21507" NEWID="12650">
+<DATE> 2-APR-1987 12:36:52.68</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE><D>eyskens</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1765&#31;reute
+r f BC-EYSKENS-SAYS-US-PRIME   04-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EYSKENS SAYS US PRIME RISES WILL AID CURRENCIES</TITLE>
+<AUTHOR>    By Tony Carritt</AUTHOR>
+<DATELINE>    BRUSSELS, April 2 - </DATELINE><BODY>Belgian Finance Minister Mark Eyskens
+warmly welcomed this week's increase in U.S. Prime rates,
+calling it a move that went beyond the Group of Five and Canada
+Paris accord on stabilising currencies.
+    The rate rise would underpin economic and financial policy
+convergence among major countries, he added.
+    In an interview with Reuters, Eyskens also made clear he
+believed the countries involved in the accord - the U.S.,
+Japan, West Germany, France, Britain and Canada - had agreed
+"tentative" fluctuation ranges for exchange rates.
+    Eyskens was speaking before hosting an informal meeting of
+European Community finance ministers and central bank chiefs in
+Belgium this weekend focusing on the international monetary
+situation and proposals for strengthening the European Monetary
+System (EMS).
+    Asked about the dollar's recent fall on currency markets,
+Eyskens said he believed the Paris agreement was proving "more
+or less workable" despite what he called evident disagreements
+over U.S. Economic and monetary policy between Treasury
+Secretary James Baker and Federal Reserve Chairman Paul
+Volcker.
+    Besides Baker's public statements that had dramatically
+influenced exchange markets, trade tensions between the U.S.And
+Japan had also caused the dollar's fall, expecially against the
+yen, he said.
+    But he expressed optimism that Washington and Tokyo could
+reach a compromise in their row over semi-conductor trade. "I
+think agreement is quite possible," he said.
+     Eyskens said he was "very agreeably surprised" by this
+week's quarter-point increase in U.S. Prime rates despite the
+obvious negative consequences for debtor countries.
+    "It is a positive element which goes further than the
+(Paris) Louvre agreement ...It is the market taking account of
+its content," he said.
+    He added that coordination of interest rates was a
+fundamental element of economic and monetary convergence
+between leading industrialised economies.
+    "A policy of maintaining exchange rates within fluctuation
+ranges is not possible if it is not accompanied at least by a
+more coordinated policy of interest rates," he said.
+    Eyskens made clear he believed the G-6 countries had agreed
+in Paris on ranges in which to hold their currencies.
+    He said the end of the February 22 Louvre accord, in which
+the partners agreed to cooperate closely to foster exchange
+rate stability around current levels, clearly alluded to a
+"system of tentative (fluctuation) margins."
+    He added the meeting and the statement would have been
+meaningless if the G-6 had not discussed the technicalities of
+implementing it.
+    Eyskens said there was growing economic convergence among
+leading industrialised countries pointing towards greater order
+in the international monetary system.
+    "That doesn't mean we are ready to restore Bretton Woods
+(the post-World War Two system of fixed exchange rates), but
+within the (International Monetary Fund) Interim Committee we
+are thinking in terms of target zones, fluctuation ranges to be
+implemented and defended," he said.
+    The Interim Committee meets next week in Washington ahead
+of the IMF's Spring meetings, and Eyskens said the EC ministers
+would prepare for the gatherings at this weekend's talks.
+    He said he hoped for wide-ranging talks on the future of
+the EMS at the weekend meeting, based on proposals from the
+EC's Monetary Committee and Committee of Central Bank Governors
+for strengthening the system through technical and
+institutional changes.
+    Eyskens said he expected EC Commission President Jacques
+Delors to submit proposals for fully liberalising capital
+movements within the 12-nation bloc and made clear he shared
+Delors' view that this must be accompanied by a reinforcement
+of the EMS. "Both are totally linked. Liberalisation without
+strengthening the EMS would destabilise the Community," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21508" NEWID="12651">
+<DATE> 2-APR-1987 12:45:49.79</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1790&#31;reute
+u f BC-NORANDA-MINE-PRODUCTI   04-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA COPPER MINE SHUT DOWN AFTER FIRE</TITLE>
+<DATELINE>    TORONTO, April 2 - </DATELINE><BODY>Noranda Inc said production at its
+Murdochville, Quebec copper mine was shut down by the fire that
+broke out last night, trapping 44 miners and killing one.
+    Noranda spokesman Denis Morin said it was impossible to
+judge how long the shutdown might last but said he thought it
+could be at least one week.
+    The mine produced 1,792,000 tonnes of ore in 1986, Morin
+said. It has a mineral inventory of 35,065,000 tonnes.
+    In the mine's three zones last year, copper grade was 1.10
+pct at Needle Mountain, 0.30 pct at Copper Mountain Oxide and
+1.32 pct at Murdochville, Morin said.
+    Another Noranda spokesman said the smelter at Murdochville,
+which has not been shut down, has the capacity to treat 218,000
+tonnes of mineral concentrate per year.
+    The smelter treats ore from other mines as well as product
+from the Murdochville facility, he said.
+    The fire broke out last night in the mine which is situated
+in the Gaspe district of eastern Quebec.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21509" NEWID="12652">
+<DATE> 2-APR-1987 12:50:51.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1812&#31;reute
+d f BC-CHEMFIX-&lt;CFIX>-ACQUIR   04-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMFIX &lt;CFIX> ACQUIRES BALANCE OF AFFILIATE</TITLE>
+<DATELINE>    METAIRIE, LA., April 2 - </DATELINE><BODY>Chemfix Technologies Inc said it
+acquired the remaining 50 pct of its California affiliate,
+VenVirotek, previously owned by a Ventura, Calif. businessman.
+    Terms were not disclosed.
+    VenVirotek proved the Chemfix Process could be successfully
+applied to convert spent drilling fluids into a reusable
+clay-like product that is suitable for use as landfill cover.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21510" NEWID="12653">
+<DATE> 2-APR-1987 12:52:30.20</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE><D>eyskens</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1817&#31;reute
+r f BC-EYSKENS-SAYS-US-PRIME   04-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM SAYS U.S PRIME RISES WILL AID CURRENCIES</TITLE>
+<AUTHOR>    By Tony Carritt, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, April 2 - </DATELINE><BODY>Belgian Finance Minister Mark Eyskens
+warmly welcomed this week's increase in U.S. Prime rates,
+calling it a move that went beyond the Group of Five and Canada
+Paris accord on stabilising currencies.
+    The rate rise would underpin economic and financial policy
+convergence among major countries, he added.
+    In an interview with Reuters, Eyskens also made clear he
+believed the countries involved in the accord -- the U.S.,
+Japan, West Germany, France, Britain and Canada -- had agreed
+"tentative" fluctuation ranges for exchange rates.
+    Eyskens was speaking before hosting an informal meeting of
+European Community finance ministers and central bank chiefs in
+Belgium this weekend focusing on the international monetary
+situation and proposals for strengthening the European Monetary
+System (EMS).
+    Asked about the dollar's recent fall on currency markets,
+Eyskens said he believed the Paris agreement was proving "more
+or less workable" despite what he called evident disagreements
+over U.S. Economic and monetary policy between Treasury
+Secretary James Baker and Federal Reserve Chairman Paul
+Volcker.
+    Besides Baker's public statements that had dramatically
+influenced exchange markets, trade tensions between the U.S.And
+Japan had also caused the dollar's fall, expecially against the
+yen, he said.
+    But he expressed optimism that Washington and Tokyo could
+reach a compromise in their row over semi-conductor trade. "I
+think agreement is quite possible," he said.
+     Eyskens said he was "very agreeably surprised" by this
+week's quarter-point increase in U.S. Prime rates despite the
+obvious negative consequences for debtor countries.
+    "It is a positive element which goes further than the
+(Paris) Louvre agreement ...It is the market taking account of
+its content," he said.
+    He added that coordination of interest rates was a
+fundamental element of economic and monetary convergence
+between leading industrialised economies.
+    "A policy of maintaining exchange rates within fluctuation
+ranges is not possible if it is not accompanied at least by a
+more coordinated policy of interest rates," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21511" NEWID="12654">
+<DATE> 2-APR-1987 12:53:35.81</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1821&#31;reute
+u f BC-NIGERIAN-NAIRA-FIRMS   04-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIAN NAIRA FIRMS AFTER RULE CHANGE</TITLE>
+<DATELINE>    LAGOS, April 2 - </DATELINE><BODY>The Nigerian naira firmed  against the
+dollar, banking sources said, after the rules governing foreign
+exchange auctions at the central bank were changed.
+    The marginal rate set at today's auction, from which
+reporters were barred for the first time since the sessions
+began last September, was 3.7001 to the dollar compared with
+4.0002 at the last session on March 19, the sources said.
+    Under the new system unveiled on March 20 and in operation
+for the first time today, bidding banks must pay for foreign
+exchange at the rate they bid, rather than as previously at the
+rate of the lowest successful bid.
+    The measure was aimed at discouraging banks from bidding
+high and thus driving down the naira's value. But banking
+sources and other analysts said demand for foreign exchange
+remained sharply higher than the available funds.
+    Henceforth the sessions will be held every fortnight,
+instead of weekly, and today only 80 mln dlrs was on offer
+compared with the 50 mln dlrs usually on sale each week.
+    The rule change appeared to have an immediate impact on
+bids. Today's highest bid was 4.06 to the dollar, compared with
+a top bid of 4.25 two weeks ago.
+    Banks who bid higher than the marginal rate will be able to
+pass on their rate to their customers, while the marginal rate
+will only act as a marker for transactions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21512" NEWID="12655">
+<DATE> 2-APR-1987 12:58:34.26</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1836&#31;reute
+u f BC-COFFEE-PRICES-SET-TO   04-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE PRICES SET TO CONTINUE SLIDE - TRADERS</TITLE>
+<AUTHOR>    By Martin Hayes and Jane Merriman, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Coffee prices look set to continue
+sliding in the near term, given the lack of progress towards a
+new International Coffee Organization (ICO) export quota
+accord, according to coffee traders and analysts.
+    Robusta coffee futures dipped sharply to 4-1/2 year lows
+yesterday at 1,220 stg per tonne, basis the May position, when
+the lack of new debate on quotas at ICO talks here confirmed
+expectations that efforts to restore quotas would not be
+revived at this stage, they said.
+    The 15-day ICO average composite price fell to 99.69 cents
+a lb for April 1, the lowest for 5-1/2 years.
+    Quotas will not now be renegotiated before the ICO's annual
+September council session, and in the interim the Brazilian
+frost season from June to August may prove the only bullish
+factor to stem further price weakness, they said. Futures
+bounced back from the lows today towards the previous trading
+range around 1,260/1,270 stg per tonne on May as the market
+recovered from yesterday's "confidence blip," one trader
+commented.
+    But despite today's upturn, the overall trend is for lower
+prices in the near future, one trade source said.
+    The market had become increasingly vulnerable to
+yesterday's shakeout, having held within a 1,250/1,350 stg
+second position trading range for 22 successive sessions, he
+said.
+    Technically the market is more likely to decline further as
+it absorbs today's brief rally. Steep declines towards the
+1,100/1,050 stg area could foster a "three figure mentality," and
+speculators may elect to push for coffee prices below the
+psychological 1,000 stg level, he added.
+    Some traders said today's upturn was in part due to
+Brazil's opening last night of May green coffee export
+registrations.
+     This had been widely anticipated by the market and came as
+no surprise, but it did remove some prevailing uncertainty and
+light trade buying was seen this morning as a consequence.
+    However, the overall trend remains downwards and a test of
+support at 1,200 stg should be expected soon, with the only
+possible supportive influence on the horizon being the approach
+of Brazil's frost season, they said.
+    Roasters are believed to be well covered, limiting
+activities to modest hand-to-mouth purchases and generally not
+taking up producer offers, they added.
+    Central American producers have sold the bulk of their
+current crops, but robusta producers in West Africa and
+Indonesia need to sell coffee for April through July shipment,
+and this could pressure prices further, traders said.
+    However, one dealer, although seeing no reason to be
+bullish, advised caution. "Everybody's bearish now, just as they
+were bullish when the market was at 3,100 stg," he said.
+    Arthur Cherry, coffee analyst at E.D. and F. Man, expressed
+doubts the price spiral would continue much below current
+levels. "One dlr coffee is catastrophic for many producers --
+there must be a minimum below which prices cannot fall."
+    While prices dropped to the lowest levels since September
+1982 yesterday, manufacturers have no plans to cut their retail
+prices.
+    "Its impossible to say, we can't predict anything like that
+at this stage," a General Foods spokesman said.
+    Manufacturers have lowered prices recently anyway in
+response to market weakness. At the beginning of March the
+price of a 100 gram jar of coffee was cut to 1.55 stg from 1.65
+stg in Britain. But should coffee market prices continue to
+fall, the situation would be reviewed, the spokesman added.
+    Nestle also has no plans to make additional price cuts in
+the near future.
+    "The market seems to have established some equilibrium and
+doesn't look set to go much lower," a Nestle spokesman
+commented.
+    Coffee's plunge this week has been mirrored by tea, which
+fell to a 5-1/2 year low at today's auction at 1.18 stg per
+kilo for medium quality, traders added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21513" NEWID="12656">
+<DATE> 2-APR-1987 13:19:54.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1909&#31;reute
+r f BC-LAWSON-SAYS-G-7-TO-RE   04-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SAYS G-7 TO REVIEW PARIS ACCORD NEXT WEEK</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The Group of Seven industrialised
+countries will make use of next week's International Monetary
+Fund meetings in Washington to evaluate the Paris accord on
+currency stabilisation, U.K. Chancellor of the Exchequer Nigel
+Lawson told reporters.
+    "On Tuesday I shall be going to Washington for meetings of
+the (IMF) Interim Committee and Development Committee, and we
+shall of course be having a meeting of the G-7," Lawson said.
+    "And on the G-7, although there is no formal agenda, I would
+imagine that the first thing we do would be to review how the
+Paris accord has gone since it was agreed in February."
+    Lawson said G-7 finance ministers will be reviewing
+medium-term economic objectives and projections involving
+domestic and external variables. Also examined will be
+performance indicators for each country.
+    The Paris accord set objectives for such sectors as growth,
+inflation, current account and trade balances, budget
+performances, monetary conditions and exchange rates.
+    Lawson said "At both the G-7 and the Interim Committee we
+will undoubtedly be discussing the debt problem. Clearly the
+debt problem is still with us, and still with us in quite a big
+way."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21514" NEWID="12657">
+<DATE> 2-APR-1987 13:21:14.31</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1917&#31;reute
+r f BC-FIRST-INTERSTATE-&lt;I>   04-02 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST INTERSTATE &lt;I> RAISES PRIME RATE</TITLE>
+<DATELINE>    LOS ANGELES, April 2 - </DATELINE><BODY>The First Interstate Bank of
+California subsidiary of First Interstate Bancorp said it is
+raising its prime lending rate to 7-3/4 pct from 7-1/2 pct,
+effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21515" NEWID="12658">
+<DATE> 2-APR-1987 13:22:02.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1923&#31;reute
+u f BC-CORRECTED---DEROSE-IN   04-02 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - DEROSE INDUSTRIES INC &lt;DRI> 4TH QTR</TITLE>
+<DATELINE>    TAMPA, Fla, April 1 -
+    </DATELINE><BODY>Shr loss 56 cts vs loss 71 cts
+    Net loss 809,000 vs loss 1.0 mln
+    Revs 5.3 mln vs 5.3 mln
+    Year
+    Shr loss 1.51 dlrs vs loss 1.59 cts
+    Net loss 2.2 mln vs loss 2.3 mln
+    Revs 26.5 mln vs 29.1 mln
+    (Company corrects 1985 year per share figure)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21516" NEWID="12659">
+<DATE> 2-APR-1987 13:22:16.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1925&#31;reute
+d f BC-FLORAFAX-INTERNATIONA   04-02 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORAFAX INTERNATIONAL INC &lt;FIIF> 2ND QTR FEB 28</TITLE>
+<DATELINE>    TULSA, Okla., April 2 -
+    </DATELINE><BODY>Shr profit five cts vs loss two cts
+    Net profit 219,000 vs loss 84,000
+    Revs 11.7 mln vs 11.8 mln
+    1st half
+    Shr profit 11 cts vs profit 12 cts
+    Net profit 467,000 vs profit 555,000
+    Revs 21.2 mln vs 21.0 mln
+    NOTE: Half net includes 93,000 dlrs vs 300,000 dlrs from
+litigation gains.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21517" NEWID="12660">
+<DATE> 2-APR-1987 13:24:16.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1934&#31;reute
+u f BC-UNION-CARBIDE-FRENCH   04-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION CARBIDE FRENCH UNIT IN TAKEOVER BID</TITLE>
+<DATELINE>    PARIS, April 2 - </DATELINE><BODY>Union Carbide France, a unit of Union
+Carbide Corp &lt;UK>, has launched a bid to buy shares of French
+chemical group &lt;Duffour et Igon> at 2,100 francs a share until
+May 4, the stockbrokers' association CSAC said in a statement.
+    Duffour et Igon has capital of 13.3 mln francs, divided
+into 133,100 shares with a nominal value of 100 francs. They
+were last traded on January 9 at 856 francs.
+    &lt;Rothschild et Associes Banque> is acting for Union
+Carbide.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21518" NEWID="12661">
+<DATE> 2-APR-1987 13:29:20.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1947&#31;reute
+r f BC-SUFFIELD-&lt;SPCP>-COMPL   04-02 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUFFIELD &lt;SPCP> COMPLETES COASTAL &lt;CSBK> BUY</TITLE>
+<DATELINE>    SUFFIELD, Conn., April 2 - </DATELINE><BODY>Suffield Financial Corp said it
+has completed the acquisition of Coastal Bancorp of Portland,
+Maine, in an exchange of 2.05655 Suffield shares for each
+Coastal share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21519" NEWID="12662">
+<DATE> 2-APR-1987 13:31:38.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f1951&#31;reute
+r f BC-BANK-MONTREAL-REASONA   04-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK MONTREAL REASONABLY OPTIMISTIC ON BRAZIL</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Bank of Montreal &lt;BMO.M> Chairman
+William Mulholland said he was reasonably optimistic that debt
+negotiations between Brazil and its commercial bank creditors
+can be accomplished satisfactorily in the long run.
+    "It's going to be a bit rocky short term ... a couple of
+months ... but I am reasonably optimistic longer term," he told
+a press briefing here.
+    Earlier, Mulholland announced that Bank of Montreal has
+formally applied to swap up to 100 mln dlrs of its roughly one
+billion dlr cross border exposure to Brazil into local equity
+investments under a novel conversion scheme.
+    Tensions have been running high between Brazil and its bank
+creditors since President Jose Sarney imposed a unilateral
+suspension of interest payments on some 68 billion dlrs of
+commercial bank debt on February 20, bankers said.
+    Only yesterday, three leading U.S. banks voluntarily put
+their Brazilian loans on non-accrual status and took a hefty
+cut in net income for the first quarter ended March 31.
+    Bankers saw this as a clear refusal to be intimidated into
+granting major concessions as forthcoming refinancing talks.
+    Bank of Montreal's Mulholland regretted Brazil's action but
+declined to discuss what action his bank might take.
+    Mulholland merely said that Bank of Montreal had not
+canceled any of its short-term credit lines that came up for
+renewal on March 31.
+    However, John Bradlow, senior vice president of the
+corporate and goverment banking division, said that it was
+possible that Bank of Montreal might follow the U.S. banks'
+lead in its second quarter results accounting.
+    "A decision will be made at April 30 or in the first weeks
+of May," he told reporters after the briefing. Unlike most
+major U.S. banks, whose reporting year ends on December 31,
+Canadian banks operate on a November through October basis.
+    At the press briefing, Mulholland detailed the proposed
+debt/equity conversion scheme, which is aimed at boosting
+investment capital and conserving foreign exchange reserves.
+    Unlike many existing programs, Bank of Montreal intends to
+sell its own dollar-denominated debt at par to either the
+obligor or local investors for cruzados, which would then be
+ploughed into Brazilian assets.
+    Mulholland said current debt/equity schemes, in which bank
+debt is often sold to foreign third parties at a discount, were
+like "peddling off debt at fire sale prices". He added that
+they could do pyschological harm to investor confidence.
+    While acknowledging that Brazil has yet to give its
+official blessing to the plan, Mulholland predicted, "if it is
+supported, we are going to see more of this."
+    Sources at other large banks with sizeable exposure to
+Brazil were not so sure about the scheme's success.
+    "I don't think it's going to fly because of the impact it
+would have on money supply and other political reasons," said
+one banker, noting that earlier informal proposals along the
+same lines received "fairly neutral responses."
+    "And is there a market for such investment in a time of
+great uncertainty," he added.
+    Mulholland admitted, "it is something of an experiment....
+some one has to screw up the courage and do something."
+    "It is very important that avenues (to reversing net
+capital outflows) are broadened," he added, noting that in
+recent years the options have in fact been narrowing.
+    Another senior banker agreed that debt/equity swap
+proposals, such as Bank of Montreal's, should be explored and
+developed but warned that Brasilia has been "very ambivalent"
+about debt/equity schemes thus far.
+    The banker added, "debt/equity conversion should happen but
+it is not a major instrument for solving debt problems."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21520" NEWID="12663">
+<DATE> 2-APR-1987 13:37:49.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1975&#31;reute
+r f BC-MCDOWELL-ENTERPRISES   04-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDOWELL ENTERPRISES &lt;ME> MAKES ACQUISITION</TITLE>
+<DATELINE>    NASHVILLE, Tenn., April 2 - </DATELINE><BODY>McDowell Enterprises Inc said
+it has completed the acquisition of 80 pct of privately-held
+Interpharm Inc, a maker of generic pharmaceuticals, for 488,000
+common shares, plus another 521,000 to be issued on approval by
+McDowell shareholders.
+    It said subject to future sales and profit levels, McDowell
+could over a four-year period acquire the remaining 20 pct of
+Interpharm for another 1,543,000 shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21521" NEWID="12664">
+<DATE> 2-APR-1987 13:37:57.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1976&#31;reute
+r f BC-LAIDLAW-INDUSTRIES-IN   04-02 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAIDLAW INDUSTRIES INC &lt;LWSI> 2ND QTR FEB 28</TITLE>
+<DATELINE>    HURST, Texas, April 2 -
+    </DATELINE><BODY>Shr 20 cts vs 20 cts
+    Net 4.1 mln vs 4.0 mln
+    Qtly div five cts vs five cts prior
+    Revs 118.0 mln vs 45.2 mln
+    Six months
+    Shr 40 cts vs 35 cts
+    Net 8.1 mln vs 6.9 mln
+    Revs 215.6 mln vs 90.3 mln
+    NOTE:Dividend payable July 31 to holders of record July 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21522" NEWID="12665">
+<DATE> 2-APR-1987 13:38:59.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1978&#31;reute
+h f BC-COMPUTER-NETWORK-TECH   04-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER NETWORK TECH &lt;CMNT> SIGNS PACT</TITLE>
+<DATELINE>    MINNEAPOLIS, April 2 - </DATELINE><BODY>Computer Network Technology Corp
+(CNT) said it signed an equipment maintenance agreement with
+Storage Technology Corp &lt;QSTK> that would allow Storage to
+provide field support and maintenance in the U.S. for Computer
+Network Technology products.
+    CNT designs, manufactures and markets products for high
+speed networking systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21523" NEWID="12666">
+<DATE> 2-APR-1987 13:41:01.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1982&#31;reute
+r f BC-MCDOWELL-&lt;ME>-TO-GET   04-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDOWELL &lt;ME> TO GET QUALIFIED AUDIT</TITLE>
+<DATELINE>    NASHVILLE, Tenn., April 2 - </DATELINE><BODY>McDowell Enterprises Inc said
+its auditors have decided to qualify their opinion on 1986
+financial statements due to questions about the company's
+ability to continue as a going concern.
+    McDowell said it will file its annual report for 1986 by
+April 15, after applying for an extension, and will report a
+loss for the year of about six mln dlrs after a substantial
+writedown of assets and an increase in costs associated with
+its withdrawal from the construction business.
+    In 1985, McDowell lost 2,152,000 dlrs before a 1,240,000
+dlr loss from discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21524" NEWID="12667">
+<DATE> 2-APR-1987 13:41:22.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1984&#31;reute
+d f BC-MCKESSON-&lt;MCK>-SELLS   04-02 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCKESSON &lt;MCK> SELLS CULINARY ACADEMY</TITLE>
+<DATELINE>    SAN FRANCISCO, April 2 - </DATELINE><BODY>McKesson Corp said it sold the
+California Culinary Academy of San Francisco to an investor
+group headed by the academy's president, Fred Seymour, for
+undisclosed terms.
+    The 400-student academy was founded nine years ago and was
+acquired in 1982 by McKesson. The company said it sold it
+because it no longer fits with its business direction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21525" NEWID="12668">
+<DATE> 2-APR-1987 13:42:57.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1988&#31;reute
+d f BC-VANGUARD-TECHNOLOGIES   04-02 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VANGUARD TECHNOLOGIES &lt;VTI> ACQUIRES COMPANY</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Vanguard Technologies International Inc
+said it acquired 100 pct of the stock of &lt;Diversified Data
+Corp>.
+    Diversified, and its wholly-owned subsidiary, TECHPRO Corp,
+have current revenues from operations of approximately four mln
+dlrs, Vanguard said.
+    The acquisition was for cash, but the amount was not
+disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21526" NEWID="12669">
+<DATE> 2-APR-1987 13:58:36.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2010&#31;reute
+r f BC-AMEX-LISTS-PORTAGE-IN   04-02 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX LISTS PORTAGE INDUSTRIES &lt;PTG></TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>The American Stock Exchange said it has
+listed the common shares of Portage Industres Corp, which went
+public today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21527" NEWID="12670">
+<DATE> 2-APR-1987 13:59:49.22</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nymex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2011&#31;reute
+d f BC-NYMEX-SCHEDULES-START   04-02 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYMEX SCHEDULES START OF HEATING OIL OPTIONS</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>The New York Mercantile Exchange said
+options on heating oil futures will begin trading June 26.
+    This would be the second options contract to trade at the
+exchange. NYMEX introduced crude oil options last November.
+    "Heating oil options are a logical complement to our
+existing energy complex," said NYMEX Chairman William Bradt.
+    "From our experience in crude, we fully expect heating oil
+options to offer significant new trading opportunities to
+current market participants and also draw additional users into
+this marketplace," he said.
+    Six consecutive trading months in heating oil options will
+be introduced on June 26, led by the September 1987 contract,
+according to the exchange.
+    Strike prices wil be in increments of two cts per gallon
+and seven strike prices for puts and for calls will be
+available, the exchange said. The middle strike price will
+correspond closely to the settlement price of the previous
+day's futures close, it said.
+    Expiration will be on the second Friday of the month
+preceding delivery of the underlying futures contract, it said,
+meaning that the September options contract would expire August
+14.
+    Prices for heating oil options will be quoted in cts per
+gallon with a minimum fluctuation of 0.01 cent per gallon,
+NYMEX said.
+    The options will be based on the underlying futures
+contract of 42,000 gallons each. Trading hours will be the same
+as heating oil futures, beginning at 0950 EST and ending 1505
+EST.
+    NYMEX received approval for heating oil options from the
+Commodity Futures Trading Commission on September 16, 1986, the
+exchange said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21528" NEWID="12671">
+<DATE> 2-APR-1987 14:00:00.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2012&#31;reute
+r f BC-ARK-RESTAURANTS-&lt;RK>   04-02 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARK RESTAURANTS &lt;RK> BEGINS TRADING ON AMEX</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>Ark Restaurants Corp's 3,333,333 shares
+of common stock began trading today on the American Stock
+Exchange, the exchange said.
+    The common opened on 100 shares at 4-3/8, the exchange
+said.
+    The company, which is a holding company for 12 restaurants
+in New York City and New Jersey, formerly traded on NASDAQ, the
+exchange said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21529" NEWID="12672">
+<DATE> 2-APR-1987 14:03:11.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2023&#31;reute
+d f BC-VMS-HOTEL-INVESTMENT   04-02 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS HOTEL INVESTMENT TRUST &lt;VHT> 4TH QTR NET</TITLE>
+<DATELINE>    CHICAGO, April 2 -
+    </DATELINE><BODY>Shr 19 cts
+    Net 1,906,850
+    12 mths
+    Shr 60 cts
+    Net 5,871,258
+    NOTE: company began trading Jan 17, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21530" NEWID="12673">
+<DATE> 2-APR-1987 14:04:53.46</DATE>
+<TOPICS><D>stg</D><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2028&#31;reute
+u f BC-STERLING-REBOUNDS-ON   04-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING REBOUNDS ON LAWSON "TARGET"-DENIAL</TITLE>
+<AUTHOR>    By Geert Linnebank, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>Sterling made a sharp recovery when U.K.
+Chancellor of the Exchequer Nigel Lawson described remarks he
+made yesterday on targets for the pound as "insignificant,"
+rallying back up almost exactly to the levels it had fetched
+before Lawson spoke yesterday, dealers and analysts said.
+    They said sterling would likely leave the limelight once
+again to trade quietly around current levels, as the markets
+set their sights on the dollar, yen and mark again ahead of key
+international monetary talks in Washington next week.
+    Sterling ended its European day at 1.6020/30 dlrs,
+virtually unchanged from yesterday's last 1.6040/50 dlrs,
+fetched before Lawson's first comment. But it was well up on
+levels just above 1.59 dlrs which it had held until the second
+comment came.
+    Against the mark, sterling recovered to close at
+2.9190/9240 marks after today's opening 2.9040/90 and last
+night's 2.9210/45.
+    "On balance, it is as if nothing happened ... We are back to
+where we were before," Mark Brett, economist at securities house
+Barclays de Zoete Wedd said.
+    "This whole story is like a storm in a teacup," a dealer with
+a U.K. Bank commented.
+    The pound's recovery was triggered when Lawson criticised
+media coverage of comments he made yesterday, when he told a
+conference he wanted sterling to stay roughly where it was.
+    In this context, Lawson was reported to have specified
+rates of around 2.90 marks and 1.60 dlrs to the pound in
+remarks which markets were quick to interpret as a signal to
+sell sterling.
+    Lawson said today he had merely stated yesterday's
+approximate value of the pound.
+    "The wrong end of the stick was picked up," he told
+reporters, adding his comments did in no way signal a change in
+British exchange rate policies.
+    Dealers and analysts said the reactions to both statements
+were clear evidence that the market, frustrated by the relative
+currency stability after the February 22 Paris agreement, was
+desperate to reactivate trading and would react to any clues
+offered about the contents of the currency accord.
+    In Paris, finance ministers of the Group of Five and Canada
+are widely believed to have agreed exchange rate targets,
+although no participant has specified these in an apparent bid
+to foster stability by keeping markets guessing.
+    "The markets are absolutely desperate to get clues on Group
+of Six (countries that are part to the Paris agreement) targets
+... The number of rumours flying around is bigger than ever
+before," said Barclays de Zoete Wedd's Brett.
+    Analysts said neither yesterday's remarks nor today's had
+changed their impression that after Paris, sterling was
+targeted to trade in broad ranges against major currencies.
+     All polled analysts said if anything, the 2.90 marks level
+mentioned by Lawson was probably the centre of a wide
+20-pfennig range which sterling would easily hold, helped by
+good economic indicators and relatively high interest rates.
+    "It would be insane to pinpoint an exchange rate ahead of an
+election ... I don't believe Lawson is mad enough to tie
+himself to a fixed rate," Brett said. He expected sterling to
+firm over the next few weeks, to around 2.95 marks and 1.63
+dlrs, as overseas investors reappraised high-yielding
+investments here.
+    Robin Marshall, chief economist at Chase Manhattan
+Securities, said he was not surprised to see Lawson qualify his
+sterling target comments so quickly.
+    "His remarks gave markets a target to aim at," he said,
+adding, "He (Lawson) talked himself into a bit of a corner on
+this ... It made him a hostage to fortune."
+    Marshall and other analysts dismissed a theory, that by
+quoting target rates Lawson had attempted to put pressure on
+prime Minister Margaret Thatcher to agree to British membership
+of the European Monetary System (EMS), as implausible.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21531" NEWID="12674">
+<DATE> 2-APR-1987 14:11:50.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2061&#31;reute
+r f BC-VMS-SHORT-TERM-INCOME   04-02 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS SHORT TERM INCOME TRUST &lt;VST> 4TH QTR NET</TITLE>
+<DATELINE>    CHICAGO, April 2 -
+    </DATELINE><BODY>Shr 34 cts vs 32 cts
+    Net 2,328,515 vs 2,175,046
+    12 mths
+    Shr 1.14 dlrs vs 1.25 dlrs
+    Net 7,857,997 vs 8,615,439
+    NOTE company attributed decrease to significant drop in
+prime lending rate as its principal business is pegged to the
+interest rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21532" NEWID="12675">
+<DATE> 2-APR-1987 14:22:28.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2095&#31;reute
+b f BC-DOLE-SAYS-REAGAN-CHAN   04-02 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLE SAYS REAGAN CHANGED NO MINDS ON VETO</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>Senate Republican leader Robert Dole
+said President Reagan changed no minds in a meeting with
+Republican senators to seek support for his veto of an 88
+billion dlr highway bill.
+    "I think it's safe to say no minds were changed," Dole said
+before the Senate began a final vote on the veto.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21533" NEWID="12676">
+<DATE> 2-APR-1987 14:23:40.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2097&#31;reute
+b f BC-PAY-'N-PAK   04-02 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BILZERIAN BIDS 19 DLRS/SHARE FOR PAY 'N PAK &lt;PNP></TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>Investor Paul Bilzerian said he has
+offered to buy all of the Pay 'N Pak Stores Inc stock he does
+not already own in a proposed 19 dlr a share cash merger.
+    In a filing with the Securities and Exchange Commission,
+Bilzerian said he made the proposal in a letter to Pay 'N Pak
+Chairman David Heerensperger.
+    Bilzerian said he proposed buying the Kent, Wash.-based
+retailing company through a new company he would set up which
+would buy up all the Pay 'N Pak common shares at 19 dlrs each.
+    The Florida investor reported Monday that he has 1,000,000
+mln Pay 'N Pak common shares, or 9.9 pct of the total
+outstanding common stock.
+    He initially disclosed last Friday that he had bought 7.2
+pct of the company's stock for investment purposes, but said he
+might increase his stake, seek representation on the company's
+board or launch a tender offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21534" NEWID="12677">
+<DATE> 2-APR-1987 14:23:56.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2098&#31;reute
+b f BC-******RJR-NABISCO-TOB   04-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR &lt;RJR> UNIT SELLS FOUR TOBACCO BRANDS</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C. - </DATELINE><BODY>RJR Nabisco Inc's RJ Reynolds Tobacco
+USA unit said it sold four of its smoking tobacco brands to
+&lt;John Middleton Inc> for undisclosed terms.
+    The brands sold were Prince Albert, Carter Hall, Apple and
+Royal Comfort. The terms were not dislcosed.
+    The company said these brands represent less than one pct
+of the RJ Reynolds Tobacco's USA total sales which amounted to
+4.7 bilion dlrs in 1986.
+     John Middleton is a family-owned tobacco business in King
+of Prussia, Pa which has manufactured and marketed pipe tobacco
+for 131 years.
+    In January, the company said it was holding talks with
+potential buyers for the sale of the businesses but then said
+in February it was studying the transfer of the businesses
+to a master limited partnership.
+    R.J. Reynolds said it will continue to sell the brands
+until July three.
+    On March six, RJR completd the sale of its Heublein Inc
+unit to Grand Metropolitan PLC for 1.2 billion dlrs. It said it
+would use proceeds from that sale to redeem its 11.20 pct notes
+due Aug 1, 1997.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21535" NEWID="12678">
+<DATE> 2-APR-1987 14:24:16.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2100&#31;reute
+w f BC-ALCATEL-TO-RESTRUCTUR   04-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCATEL TO RESTRUCTURE SPANISH SUBSIDIARIES</TITLE>
+<DATELINE>    MADRID, April 2 - </DATELINE><BODY>&lt;Alcatel NV>, the telecommunications
+venture set up by ITT Corp &lt;ITT> and France's &lt;Cie Generale
+d'Electricite>, has accepted a proposal from the Industry
+Ministry to restructure ITT's former Spanish subsidiary,
+&lt;Standard Electrica SA>, a Standard spokesman said.
+    He said Alcatel also has agreed to sell &lt;Marconi Espanola
+SA>, owned 80 pct by Standard and 20 pct by Alcatel.
+    Negotiations to put Standard on a sounder financial footing
+have involved the government, Alcatel and Spain's telephone
+company, Compania Telefonica Nacional de Espana SA &lt;TELF.MA>,
+which has a small stake in Standard and is its main customer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21536" NEWID="12679">
+<DATE> 2-APR-1987 14:25:14.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2103&#31;reute
+d f BC-ACME-STEEL-&lt;ACME>-TO   04-02 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACME STEEL &lt;ACME> TO ACQUIRE UNIVERSAL TOOL</TITLE>
+<DATELINE>    RIVERDALE, Ill., April 2 - </DATELINE><BODY>Acme Steel Co said it has agreed
+in principle to acquire &lt;Universal Tool and Stamping Inc> for
+an undisclosed price.
+    The agreement is subject to approval by Acme's board and
+execution of a definitive purchase agreement, the companies
+said.
+    Universal Tool makes and distributes automotive jacks and
+related equipment for the domestic auto industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21537" NEWID="12680">
+<DATE> 2-APR-1987 14:26:38.95</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2107&#31;reute
+b f BC-AMOCO-&lt;AN>-SEES-1ST-Q   04-02 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> SEES 1ST QTR NET TOPPING 4TH QTR</TITLE>
+<DATELINE>    NEWE YORK, April 2 - </DATELINE><BODY>Amoco Corp first quarter profits are
+expected to exceed the 165 mln dlrs, or 65 cts per share,
+reported for 1986's fourth quarter, chairman Richard Morrow
+said.
+    Speaking to reporters after a security analyst meeting, he
+said the gain was expected because of higher oil and gas
+prices, but declined to compare his expectations with the 331
+mln dlrs, or 1.28 dlrs per share, the company earned in 1986's
+first quarter.
+    Earlier, Morrow told the analysts that Amoco's first
+quarter refining and marketing results "will look pretty poor,"
+because of low margins in January and February. The margins
+began to improve last month and look pretty good now, he added.
+    Morrow said he expects oil product margins to remain good
+for the rest of the year, "but it remains to be seen if they
+will match 1986 levels." The Amoco chairman said he expects
+crude oil prices to remain in the 17 to 20 dlr barrel range for
+the rest of 1988 based on his belief that OPEC's agreement will
+hold.
+    Morrow said his best estimate for 1989 crude oil prices is
+21 dlrs per barrel, adding he believes this price level would
+result in a 40 pct increase in oil company exploration
+spending.
+    President H. Lawrance Fuller told the analysts Amoco
+reduced its estimates of worldwide oil and gas reserves by a
+total of 201 mln equivalent barrels last year because of a drop
+in oil and gas prices.
+    Noting the Securities and Exchange Commission requires that
+reserves be estimated on the assumption that year-end prices
+will remain fixed for the life of the properties, he said the
+drop in oil prices to 16 dlrs a barrel at the end of 1986 from
+27 dlrs a year earlier forced the company to reduce its reserve
+estimate by four pct.
+    Fuller said Amoco expects its U.S. oil and natural gas
+liquids production to decline about five pct this year from
+last year's 121 mln barrels because of drilling deferrals made
+last year when oil prices were falling.
+    He said the full impact of the deferrals was off-set by the
+purchase of properties which will add about 5,000 barrels per
+day to the company's 1987 U.S. production.
+    Fuller said U.S. refining capacity is expected to be
+increasingly strained by the rising demand for lead-free
+gasoline, especially the higher octane grades.
+    He said expected federal regulations on gasoline vapor
+pressure will further tighten the industry's gasoline
+production capacity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21538" NEWID="12681">
+<DATE> 2-APR-1987 14:26:48.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2108&#31;reute
+u f BC-CELINA-FINANCIAL-CORP   04-02 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CELINA FINANCIAL CORP &lt;CELNA> 4TH QTR NET</TITLE>
+<DATELINE>    CELINA, Ohio, April 2 -
+    </DATELINE><BODY>Shr profit 1.49 dlrs vs loss 8.96 dlrs
+    Net profit 2,461,906 vs loss 14,676,385
+    Rev 7.2 mln vs 10.9 mln
+    Year
+    Shr profit 2.12 dlrs vs loss 6.41 dlrs
+    Net profit 3,506,112 vs loss 10,508,083
+    Revs 34.2 mln vs 50.7 mln
+    NOTE: Realized investment gains for the qtr were 96,000
+dlrs vs nil for 1985's 4th qtr.
+    1986 losses from investments were 203,000 dlrs, or 12 cts a
+share, vs losses of 354,000 dlrs, or 21 cts a share, in 1985.
+    Qtr net includes extraordinary gain of 1.7 mln dlrs, vs
+extraordinary loss of 512,000 in the prior year's 4th qtr. 1985
+net includes extraordinary gain of 2.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21539" NEWID="12682">
+<DATE> 2-APR-1987 14:27:10.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2111&#31;reute
+u f BC-PACIFIC-FIRST-&lt;PFFS>   04-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC FIRST &lt;PFFS> SEES HIGHER 1ST QTR NET</TITLE>
+<DATELINE>    TACOMA, Wash., April 2 - </DATELINE><BODY>Pacific First Financial Corp said
+it expects to report a sharp increase in first quarter earnings
+as compared to the 4.1 mln dlrs, or 54 cts per share, reported
+a year earlier.
+    The company also said earnings for the quarter should
+exceed the record 7.9 mln dlrs, or 1.05 dlrs per share,
+reported in last year's final quarter.
+    The gains will be due to strong net interest income and
+profits on the sale of certain mortgage loans and mortgage
+backed securities, Pacific First said. The company expects to
+report first quarter results the week of April 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21540" NEWID="12683">
+<DATE> 2-APR-1987 14:35:20.69</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2148&#31;reute
+u f AM-MINE-RESCUE-***urgent   04-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>17 MISSING NORANDA MINERS FOUND ALIVE</TITLE>
+<DATELINE>    MURDOCHVILLE, Que., April 2- </DATELINE><BODY>Seventeen miners who were
+missing in a copper mine fire were found today and efforts were
+underway to rescue them and 29 others who were trapped but safe
+in an underground lunch room, officials said.
+    The mine's owner, Noranda Inc. &lt;NOR>, said one miner died
+in the fire, six miners escaped unharmed, 29 made it to an
+underground lunch room, where they had air and water, and 17
+were later found safe in other lunch rooms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21541" NEWID="12684">
+<DATE> 2-APR-1987 14:39:38.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2165&#31;reute
+b f BC-/U.S-SENATE-OVERRIDES   04-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S SENATE OVERRIDES REAGAN'S HIGHWAY BILL VETO</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>The Senate overrode President
+Reagan's veto of an 88 billion dlr highway funding bill, 67-33.
+    The measure now becomes law. It was a major personal loss
+for Reagan, who came to the Capitol earlier in the day to
+campaign for support.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21542" NEWID="12685">
+<DATE> 2-APR-1987 14:43:35.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2175&#31;reute
+d f BC-CHEMFIX-&lt;CFIX>-BUYS-R   04-02 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMFIX &lt;CFIX> BUYS REST OF UNIT</TITLE>
+<DATELINE>    METAIRIE, La., April 2 - </DATELINE><BODY>Chemfix Technologies Inc said it
+has acquired the 50 pct of its VenVirotek unit that it did not
+already own from Ventura, Calif., businessmen for undisclosed
+terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21543" NEWID="12686">
+<DATE> 2-APR-1987 14:43:59.58</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2176&#31;reute
+r f BC-SUN-&lt;SUN>-IN-NORTH-DA   04-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN &lt;SUN> IN NORTH DAKOTA OIL FIND</TITLE>
+<DATELINE>    DALLAS, April 2 - </DATELINE><BODY>Sun Co Inc said the O.M. Steel Federal
+Number One well in Williams County, N.D., flowed 660 barrels of
+oil and 581,000 cubic feet of natural gas per day through a
+13/64 inch choke from depths of 13,188 to 13,204 feet.
+    Sun said it has a 50 pct interest and Comdisco Resources
+Inc the remainder.  An offset well is under consideration, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21544" NEWID="12687">
+<DATE> 2-APR-1987 14:44:03.60</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2177&#31;reute
+d f BC-MERIDIAN-BANCORP-&lt;MRD   04-02 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERIDIAN BANCORP &lt;MRDN> RAISES PRIME RATE</TITLE>
+<DATELINE>    READING, Pa., April 2 - </DATELINE><BODY>Meridian Bancorp Inc said it has
+raised its prime rate to 7-3/4 pct from 7-1/2 pct, effective
+immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21545" NEWID="12688">
+<DATE> 2-APR-1987 14:45:54.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2183&#31;reute
+h f BC-3M-&lt;MMM>-COMPLETES-UN   04-02 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>3M &lt;MMM> COMPLETES UNITEK ACQUISITION</TITLE>
+<DATELINE>    ST. PAUL, April 2 - </DATELINE><BODY>Minnesota Mining and Mfg Co said it
+completed the acquisition of Unitek Corp, a supplier of
+orthodontic products, from Bristol-Myers Co &lt;BMY>.  The
+purchase agreement was announced February 12.
+    It said Unitek, based in Monrovia, Calif., will operate as
+an independent subsidiary of 3M.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21546" NEWID="12689">
+<DATE> 2-APR-1987 14:47:14.28</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2187&#31;reute
+u f BC-colombia's-coffee-chi   04-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA COFFEE CHIEF WELCOMES BRAZIL MEASURES</TITLE>
+<DATELINE>    BOGOTA, April 2 - </DATELINE><BODY>Jorge Cardenas, manager of Colombia's
+Coffee Growers' Federation, welcomed Brazil's export measures
+and said they clarified the market situation.
+    He told journalists the measures "set the rules clearly" and
+helped dissipate whatever doubts the market might have had
+about the world's biggest exporter's policies.
+    Brazil's coffee institute, IBC, today opened export
+registrations for May with no quantity limit set. The
+contribution quota will be 15 pct of the minimum registration
+price, which will vary daily.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21547" NEWID="12690">
+<DATE> 2-APR-1987 14:48:36.83</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2196&#31;reute
+u f BC-/U.S.-SUGAR-PRODUCT-A   04-02 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUGAR PRODUCT AMENDMENT UNLIKELY TO SURVIVE</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>An amendment approved by the House
+Agriculture Committee yesterday requiring quotas on U.S.
+imports of products containing sugar is unlikely to remain in a
+comprehensive trade bill, Congressional sources said.
+    The amendment, offered by Rep. Arlan Stangeland, R-Minn.,
+would require quotas on the import of any merchandise
+containing over 25 pct sugar or other farm products which are
+now subject to U.S. quotas.
+    Supporters of the amendment said it is aimed at curbing
+shipments of food products containing sugar from Canada.
+However, the Ways and Means committee, which has overall
+jurisdiction on trade legislation, will try to kill the
+amendment as protectionist, a committee aide said.
+    An Agriculture committee aide acknowledged the proposal
+probably will not survive scrutiny by other House committees.
+But he said the amendment was introduced in part to send a
+warning to U.S. companies considering moving food processing
+plants to Canada to avoid the restrictive U.S. sugar quota.
+    In debate on the amendment yesterday, Rep. Stangeland and
+other supporters said the proposal would have no effect on the
+status of foreign trade zones.
+    Sugar producer groups pushed for the amendment on
+sugar-containing products because they believe sugar is being
+shipped to the United States in food products as a way to
+circumvent the quota on raw sugar.
+    The sugar quota is only one mln short tons this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21548" NEWID="12691">
+<DATE> 2-APR-1987 15:05:45.68</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2239&#31;reute
+d f BC-EPA-TO-SHIELD-WATER-S   04-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EPA TO SHIELD WATER SUPPLY FROM GASOLINE LEAKS</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>The Environmental Protection Agency
+proposed rules to shield water supplies from potential leaks
+from 1.4 mln underground storage tanks, nearly half of which
+are used to store gasoline at service stations.
+    It said the rules would require owners and operators of the
+tanks containing petroleum products or certain hazardous
+chemicals to monitor the tanks for leaks and, in case of leaks,
+to notify appropriate authorities.
+    The owners and operators of petroleum tanks would also be
+financially responsible for any contamination, the EPA said.
+    It said financial requirements for chemical tanks will be
+proposed later.
+    Hazardous tanks are regulated separately.
+    EPA Administrator Lee Thomas said "Thousands of underground
+storage tanks are currently leaking and, without adequate
+controls, many more can be expected to leak in the future,
+endangering our nation's drinking-water supplies."
+    He added in a statement "We intend to ensure that each
+underground tank is either upgraded or closed down and that
+safe operating and cleanup procedures are following to provide
+maximum protection from any future leaks."
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21549" NEWID="12692">
+<DATE> 2-APR-1987 15:07:11.67</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2245&#31;reute
+u f AM-MINE-RESCUE-***urgent   04-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEVENTEEN MISSING COPPER MINERS FOUND ALIVE</TITLE>
+<DATELINE>    MURDOCHVILLE, Que., April 2 - </DATELINE><BODY>Seventeen miners who were
+missing in a copper mine fire were found today and efforts were
+underway to rescue them and 29 others who were trapped but safe
+in an underground lunch room, officials said.
+    The mine's owner, Noranda Inc., said one miner died in the
+fire, six miners escaped unharmed, 29 made it to an underground
+lunch room, where they had air and water, and 17 were later
+found safe in other lunch rooms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21563" NEWID="12693">
+<DATE> 2-APR-1987 15:10:07.63</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2259&#31;reute
+b f BC-WHITE-HOUSE-DISAVOWS   04-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE DISAVOWS YEUTTER COMMENTS ON DOLLAR</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>White House spokesman Marlin
+Fitzwater said that comments made in congressional testimony by
+Trade Representative Clayton Yeutter do not reflect the
+government's position.
+    Yeutter was questioned about the dollar during testimony to
+the Senate Finance Committee. 
+    Fitzwater said in a statement Yeutter's comments were in
+response to a hypothetical question "and do not reflect the
+government's position."
+    "I want to emphasize that only the president and the
+secretray of the treasury are authorized to comment on the
+dollar," the spokesman said.
+    Yeutter, asked whether the U.S. trade deficit would improve
+more if the value of the dollar dropped further, replied, "That
+should be a mathematical truism." But he added that markets are
+more complicated than that.
+    He said he expected the current decline in the dollar to
+show up soon in the decline in the value of imports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21550" NEWID="12694">
+<DATE> 2-APR-1987 15:12:06.64</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f2270&#31;reute
+r f BC-BANK-OF-NOVA-SCOTIA-R   04-02 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NOVA SCOTIA RAISES U.S. DLR BASE RATE</TITLE>
+<DATELINE>    TORONTO, April 2 - </DATELINE><BODY>&lt;Bank of Nova Scotia> said it raised its
+U.S. dlr base lending rate in Canada to 8-1/4 pct from eight
+pct, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21551" NEWID="12695">
+<DATE> 2-APR-1987 15:13:35.43</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2274&#31;reute
+b f BC-USSR-ADDS-CORN-TO-PUR   04-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR ADDS CORN TO PURCHASES -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>The Soviet Union has added 50,000
+tonnes to its previous purchases of U.S. corn purchases, the
+U.S. Agriculture Department said.
+    In its Export Sales Report covering transactions in the
+week ended March 26, the department said changes in
+destinations of 250,000 tonnes of corn to the Soviet Union were
+reported. However, 200,000 tonnes of the transaction was
+reported under the daily reporting system.
+    Total corn commitments for delivery in the fourth year of
+the U.S.-USSR Grain Supply Agreement amount to 2,650,000 tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21552" NEWID="12696">
+<DATE> 2-APR-1987 15:13:50.77</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2275&#31;reute
+r f BC-LITTLE-SCOPE-FOR-U.S.   04-02 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLE SCOPE FOR U.S. RATE RISE - FANNIE MAE&lt;FNM></TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>There is little scope for a substantial
+increase in U.S. interest rates during 1987, said Federal
+National Mortgage Association chairman David Maxwell.
+    Speaking to the New York Financial Writers' Association,
+Maxwell said he viewed this week's rise in U.S. banks' prime 
+rates to 7-3/4 pct from 7-1/2 pct as a temporary phenomenon.
+    "I don't see a substantial rise in rates this year. If
+anything, the Federal Reserve is more likely to ease than to
+tighten (monetary policy) because so many sectors of the
+economy are showing weakness," Maxwell said. Fannie Mae buys
+mortgages from lenders and issues mortgage-backed securities.
+    Maxwell said restructuring of Fannie Mae over the last two
+years had limited its exposure to interest rate fluctuations. A
+one pct rise in rates in 1987 would cost shareholders about 18
+cts a share versus one dlr a share in 1981, he said.
+    Maxwell also questioned the view that housing crowds out
+other sectors of the economy from obtaining needed capital.
+    "There's no evidence that housing is crowding firms out of
+the long-term debt market," he said. Both home mortgage debt
+and long-term corporate debt grew at about equal annual rates
+of about 13 pct in 1986 -- a year when mortgage originations of
+442 billion dlrs needed record housing capital, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21553" NEWID="12697">
+<DATE> 2-APR-1987 15:14:21.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2276&#31;reute
+r f BC-CORNING-&lt;GLW>,-HAZLET   04-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORNING &lt;GLW>, HAZLETON &lt;HLC> COMPLETE MERGER</TITLE>
+<DATELINE>    CORNING, N.Y., April 2 - </DATELINE><BODY>Corning Glass Works and Hazleton
+Laboratories Corp jointly said they completed a merger of the
+two companies in a deal valued at about 120 mln dlrs.
+    A joint statement said Hazleton stockholders will receive
+.5165 shares of Corning common for each Hazleton share.
+    Hazleton, a supplier of biological and chemical services
+and products, will operate as a Corning subsidiary under its
+current management team, the statement said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21554" NEWID="12698">
+<DATE> 2-APR-1987 15:18:47.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2295&#31;reute
+u f BC-LANE-&lt;LANE>-BOARD-SUP   04-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANE &lt;LANE> BOARD SUPPORTS INTERCO &lt;ISS> MERGER</TITLE>
+<DATELINE>    ALTAVISTA, Va., April 2 - </DATELINE><BODY>Lane Co said its baord
+unanimously reaffirmed its support for a proposed merger with
+Interco Inc, following a Lane board meeting.
+    Lane said its board recommends that shareholders vote for
+adoption of the merger at a special meeting of shareholders on
+April 13.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21555" NEWID="12699">
+<DATE> 2-APR-1987 15:25:45.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2313&#31;reute
+u f BC-PAY'N-PAK-&lt;PNP>-TO-CO   04-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAY'N PAK &lt;PNP> TO CONSIDER BILZERIAN OFFER</TITLE>
+<DATELINE>    KENT, Wash., April 2 - </DATELINE><BODY>Pay 'N Pak Stores, which previously
+announced plans to explore all alternatives for maximizing
+shareholder values, said it intends to consider investor Paul
+Bilzerian's offer for the company in due course as part of that
+process.
+    Pay 'N Pak has already retained Salomon Brothers Inc to
+assist it in exploring its alternatives.
+    Retail analysts have stated that Pay' N Pak's alternatives
+could include downsizing its operations, a leveraged buyout or
+a combination with a friendly merger partner.
+    Bilzerian, in a filing with the Securities and Exchange
+Commission, said he is offering to buy all of the Pay 'N Pak
+stock he does not already own for 19 dlrs per share.
+    The Florida investor currently controls 9.9 pct of Pay 'N
+Pak's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21556" NEWID="12700">
+<DATE> 2-APR-1987 15:32:13.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2327&#31;reute
+u f AM-INDIA-GAS   04-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BHOPAL CASE JUDGE SEEKS INTERIM COMPENSATION</TITLE>
+<DATELINE>    BHOPAL, India, April 2 - </DATELINE><BODY>A judge hearing the Bhopal gas
+disaster case asked Union Carbide Corp &lt;UK> and the Indian
+government to agree on interim compensation for the victims.
+    Judge M.W. Deo said he had made the appeal because the
+court case was likely to be a long struggle for the disaster
+victims.
+    The Indian government is demanding more than three billion
+dlrs from Union Carbide on behalf of some 526,000 claimants
+following the world's worst industrial disaster in December
+1984.
+    According to official Indian figures, 2,413 people were
+killed and more than 200,000 injured when a cloud of methyl
+isocyanate gas from a Union Carbide pesticide plant enveloped
+Bhopal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21557" NEWID="12701">
+<DATE> 2-APR-1987 15:33:26.07</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2332&#31;reute
+d f BC-GOURMET-COFFEE-MAKES   04-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOURMET COFFEE MAKES U.S. SUPERMARKET DEBUT</TITLE>
+<AUTHOR>    By Maisie McAdoo, Reuters</AUTHOR>
+<DATELINE>    New York, April 2 - </DATELINE><BODY>Shoppers who buy Haagen-Daas ice cream,
+Dijon mustard or Tuborg beer on their weekly trip to the
+supermarket are soon to be the target of a promotional blitz
+for national-brand "gourmet" coffees.
+    General Foods, the largest U.S. coffee roaster, and A and
+P, which shares the third place in the U.S. market, are the
+only two national brand roasters so far to introduce the
+higher-quality coffees into selected supermarkets.
+    But industry insiders believe there is substantial growth
+potential in upscale coffee, despite years of flat sales in
+regular ground roast types.
+    "I would suspect General Foods will make a name for
+themselves with their gourmet line," said a coffee trade
+source. "What it could do is really dent the small-store,
+whole-bean business," the trade source added.
+    The new lines are designed to appeal to a classic
+advertising composite--the "yuppie" consumer.
+    They buy fresh pasta, subscribe to Bon Appetit magazine and
+were "first on their block with a wok," as described by Karin
+Brown, General Foods senior product manager for its new coffee,
+called Private Collection out of GF's Maxwell House division.
+    Paul Gallant, president of A and P's Compass Foods
+subsidiary that makes the new A and P gourmet line, described
+its potential appeal as "a status thing."
+    At an initial price of 4.99 dlrs for 12 ounces it is
+expensive, though not more so than high quality coffee sold in
+small specialty stores. General Foods' Maxwell House Div. has
+just cut the price on its new offering by 50 cents to 4.49 dlrs
+for 12 ounces--a move competitor A and P is bound to imitate,
+according to an A and P executive.
+    Number two U.S. roaster Folgers has "nothing to announce at
+this point" in the gourmet line, a spokesman said. Neither does
+Hills Bros., a subsidiary of Nestle that shares the third and
+fourth size market spot by volume with A and P.
+    Competitors believe Folgers will watch the progress of
+General Foods' offering, prepared to jump in if the market
+takes off.
+    General Foods and A and P hope their new products will help
+push coffee sales out of the doldrums. Coffee consumption in
+the United States has fallen 44 pct since 1962, according to a
+1986 study by the International Coffee Organization. Sales show
+no signs of picking up.
+    Compass's Gallant blames the falloff on declines in coffee
+quality since the 1960's and aggressive soft drink marketing.
+    "The national brands began to cheapen the blend in the name
+of profit but spent 100 mln dlrs a year telling consumers this
+was quality coffee," Gallant said.
+    As a result, first time consumers never got a taste for the
+brew. The first time a young consumer tries coffee, "they turn
+around and say 'My God this is awful, I think I'll have a
+Coke'," he said.
+    Having now mostly written off the 16-25 age group, who have
+confirmed their loyalty to soft drinks, coffee marketers are
+aiming at the high income, free-spending, self-treating crowd
+-- the yuppie composite.
+    "Where else are you going to go?," an industry source said.
+"Kids aren't going to drink coffee, that's apparent. There are
+no other markets. The only area that's not been promoted is
+gourmet," he said.
+    In addition to perking up sales, success in the gourmet
+line could provide much higher margins to roasters than regular
+ground roast coffees produce.
+    Generally, retail prices are about twice the price of
+green, unroasted coffee beans, taking into account the costs of
+roasting, packaging and distribution, and then deducting
+often-generous trade discounts. Supermarkets tend to sell
+coffee near the trade price as a "loss leader," a product
+designed to draw shoppers into the store.
+    But with the new gourmet lines, a different pricing
+structure prevails, industry sources said. There is no trade
+discounting and an emphasis on expensive packaging, including a
+special valve designed to keep the beans fresher.
+    Dealers said roasters were buying the higher quality green
+beans at about 1.60 dlrs a lb. Thus, retail prices on gourmet
+coffee are now almost three times the price of green.
+    Targetted consumers seem willing to pay the difference.
+General Foods claims 80 pct of consumers in their test market
+surveys for Private Collection came back for more.
+    And product manager Brown points to the success of more
+expensive beers, mustard and ice cream, that began selling in
+restricted high income areas and are now available in almost
+every supermarket in the country.
+    A and P is similarly optimistic. "We think we'll do
+extremely well in the gourmet market," Gallant said.
+    Maxwell House is marketing its eight types of Private
+Collection in selected high income areas, while A and P offers
+its 14 different whole bean gourmet coffees, called 8 O'Clock
+Royale, only in their own stores in Philadelphia, Baltimore,
+New York, Atlanta and some other metropolitan areas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21558" NEWID="12702">
+<DATE> 2-APR-1987 15:36:16.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2343&#31;reute
+r f BC-REEBOK-&lt;RBK>-COMPLETE   04-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REEBOK &lt;RBK> COMPLETED AVIA GROUP MERGER</TITLE>
+<DATELINE>    CANTON, Mass., April 2 - </DATELINE><BODY>Reebok International Ltd said it
+completed the previously announced acquisition of &lt;Avia Group
+International Inc> for about 180 mln dlrs or 16.35 dlrs a
+share.
+    It said litigation begun by certain Avia stockholders
+challenging the transaction and seeking damages is in the
+pretrial discovery process. Reebok announced the acquisition
+agreement on March 10.
+    Reebok said Avia will operate as a wholly-owned subsidiary
+with Dean Croft continuing as Avia's president.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21559" NEWID="12703">
+<DATE> 2-APR-1987 15:54:27.48</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2401&#31;reute
+b f BC-ASSETS-OF-U.S.-MONEY   04-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASSETS OF U.S. MONEY FUNDS FELL IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>Assets of money market mutual funds
+decreased 833 mln dlrs in the week ended yesterday to 235.40
+billion dlrs, the Investment Company Institute said.
+    Assets of 197 general purpose funds rose 1.10 billion dlrs
+to 63.21 billion dlrs, 92 broker-dealer funds fell 1.59 billion
+dlrs to 107.02 billion dlrs and 91 institutional funds fell 341
+mln dlrs to 65.17 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21560" NEWID="12704">
+<DATE> 2-APR-1987 15:54:54.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2404&#31;reute
+d f BC-NICHOLS-RESEARCH-CORP   04-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NICHOLS RESEARCH CORP &lt;NRES> 2ND QTR FEB 28</TITLE>
+<DATELINE>    HUNTSVILLE, Ala., April 2 -
+    </DATELINE><BODY>Shr 14 cts vs 11 cts
+    Net 430,364 vs 265,672
+    Revs 8,846,627 vs 5,644,160
+    Six mths
+    Shr 26 cts vs 21 cts
+    Net 737,283 vs 526,071
+    Revs 17.6 mln vs 11.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21561" NEWID="12705">
+<DATE> 2-APR-1987 15:55:11.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2405&#31;reute
+d f BC-LINEAR-CORP-&lt;LINE>-3R   04-02 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINEAR CORP &lt;LINE> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    CARLSBAD, Calif., April 2 -
+    </DATELINE><BODY>Shr profit 15 cts vs profit six cts
+    Net profit 471,000 vs profit 193,000
+    Sales 14 mln vs 9,795,000
+    Nine Mths
+    Shr profit 77 cts vs loss six cts
+    Net profit 2,324,000 vs loss 183,000
+    Sales 41.9 mln vs 30.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21562" NEWID="12706">
+<DATE> 2-APR-1987 16:07:29.06</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2439&#31;reute
+u f BC-TREASURY-BALANCES-AT   04-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED ROSE ON APRIL 1</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve rose on April 1 to 4.602 billion dlrs from 3.576
+billion dlrs on the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts rose to 6.495
+billion dlrs from 5.394 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 11.097
+billion dlrs on April 1 compared with 8.969 billion dlrs on
+March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21564" NEWID="12707">
+<DATE> 2-APR-1987 16:12:17.09</DATE>
+<TOPICS><D>jet</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2454&#31;reute
+r f BC-PHILLIPS-&lt;P>-EXTENDS   04-02 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILLIPS &lt;P> EXTENDS AVIATION FUEL, LUBE MARKETS</TITLE>
+<DATELINE>    BARTLESVILLE, Okla., April 2 - </DATELINE><BODY>Phillips Petroleum Co said
+its Phillips 66 Co subsidiary is expanding its aviation fuel
+and lubricants marketing activities into Southern California.
+    The company said it bagan selling aviation products on the
+West Coast today at Combs Gates Palm Springs, which serves most
+of Southern California.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21565" NEWID="12708">
+<DATE> 2-APR-1987 16:13:25.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nymex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M T
+&#22;&#22;&#1;f2459&#31;reute
+u f BC-NYMEX-SURVEILLANCE-AD   04-02 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYMEX SURVEILLANCE ADEQUATE, CFTC SAYS</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>The New York Mercantile Exchange,
+NYMEX, has adequate trade practice surveillance and
+disciplinary programs, but could take steps to improve them,
+the Commodity Futures Trading Commission, CFTC, said.
+    In a rule enforcement review, CFTC said NYMEX was able to
+identify possible "violative market activity" and that
+investigations were generally thorough.
+    However, the commission faulted the exchange for limiting
+access to its computer-assisted trade practice surveillance
+system and recommended NYMEX enhance its computerized
+surveillance system.
+    CFTC also found NYMEX had an adequate disciplinary program,
+but noted that the disciplinary process sometimes was delayed
+because of failure to promptly schedule hearings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21566" NEWID="12709">
+<DATE> 2-APR-1987 16:14:33.37</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2463&#31;reute
+u f BC-/U.S.-ACREAGE-CUTS-SE   04-02 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ACREAGE CUTS SEEN LIMITING STOCK BUILD</TITLE>
+<AUTHOR>    By Maggie McNeil, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>Sharp cuts this year in U.S. planted
+acreage may not make a big dent in the U.S. grain stockpile but
+will at least keep grain surpluses from increasing, Agriculture
+Department and industry commodity analysts said.
+    "The scenario is turning around on stocks. The whole
+supply/demand picture could finally be getting more in
+balance," a USDA analyst said.
+    The USDA prospective plantings report this week indicated
+that U.S. farmers will idle 52 to 55 mln acres in annual
+acreage reduction programs this year. An additional 20 mln
+acres have been enrolled in the conservation reserve program,
+bringing total idled acreage in the U.S. to 72-75 mln acres,
+almost a third of the nation's total 235 mln acre crop base.
+    Production of wheat, corn and soybeans in 1986/87 will
+probably closely match annual usage, limiting any buildup in
+stocks, analysts said.
+    "It's a substantially different story from last year when
+we added 1.5 billion bushels of corn to the stockpile," Vernon
+McMinimy, director of commodity research for Staley Co. said.
+    Interviewed at an agribusiness education conference here,
+McMinimy said that 67.6 mln planted acres of corn will likely
+translate into 60 mln harvested acres, and with normal yields,
+final production of 6.9 to 7.0 billion bushels.
+    McMinimy estimated that total U.S. corn disappearance in
+1986/87 could end up at 7.1 billion bushels, possibly resulting
+in a 200-million bushel reduction in the current corn stockpile
+of 5.45 billion bushels.
+    "To say this represents a turn-around is wrong, but we're
+at least in a holding pattern," George Hoffman, director of
+commodity analysis for Pillsbury said.
+    Hoffman said wheat stocks could rise slightly by the end of
+1986/87 to 1.9 billion bushels due to "significantly less"
+domestic feed use for wheat because of lower corn prices.
+    USDA analysts, however, project slightly higher usage and
+said wheat stocks will either decrease slightly or at least not
+increase. With yearly use at around two billion bushels, next
+year's projected crop could be used up, an analyst said.
+    "We won't be adding to stocks. Stocks are at a record now,
+so if we can begin to touch them even minutely through acreage
+reductions, that would be an improvement," an Agriculture
+Department wheat analyst said.
+    Soybean planted acreage, at 56.9 mln acres, would be the
+smallest planted soybean acreage since 1976 and could lower
+final production by 150 mln bushels and ending stocks by 50 to
+100 mln bushels, analysts said.
+    As more marginal, erodable acreage is enrolled in the
+conservation reserve program, annual acreage reduction programs
+will be more effective because they will force more high
+producing land out of production, a USDA analyst said.
+    "We can now maybe see the light at the end of a very long
+tunnel," the analyst said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21567" NEWID="12710">
+<DATE> 2-APR-1987 16:19:49.42</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>japan</D><D>canada</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2486&#31;reute
+u f BC-JAPANESE-CRUSHERS-BUY   04-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE CRUSHERS BUY CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, April 2 - </DATELINE><BODY>Japanese crushers bought 2,000 tonnes
+of Canadian rapeseed in export business overnight for May
+shipment, trade sources said.
+    They also reported rumors that Mexico may have purchased a
+sizeable quantity of Canadian flaxseed, although no price or
+shipment details were available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21568" NEWID="12711">
+<DATE> 2-APR-1987 16:27:26.80</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2522&#31;reute
+b f BC-ussr-shipments   04-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN SHIPMENTS TO THE USSR -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>There were 106,200 tonnes of U.S.
+corn shipped to the Soviet Union in the week ended March 26,
+according to the U.S. Agriculture Department's latest Export
+Sales report.
+    There were no wheat or soybean shipments during the week.
+    The USSR has purchased 2.65 mln tonnes of U.S. corn, as of
+March 26, for delivery in the fourth year of the U.S.-USSR
+grain agreement.
+    Total shipments in the third year of the U.S.-USSR grains
+agreement, which ended September 30, amounted to 152,600 tonnes
+of wheat, 6,808,100 tonnes of corn and 1,518,700 tonnes of
+soybeans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21569" NEWID="12712">
+<DATE> 2-APR-1987 16:30:49.43</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>canada</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2534&#31;reute
+u f BC-MEXICO-BUYS-CANADIAN   04-02 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO BUYS CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, April 2 - </DATELINE><BODY>Mexico bought 11,000 to 14,000 tonnes
+of Canadian rapeseed, as rumored earlier this week, with price
+and shipment period details unavailable, trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21570" NEWID="12713">
+<DATE> 2-APR-1987 16:33:41.65</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2540&#31;reute
+u f BC-PIK-AND-ROLL-PRESSURE   04-02 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIK-AND-ROLL PRESSURES CORN BASIS VALUES</TITLE>
+<DATELINE>    CHICAGO, April 2 - </DATELINE><BODY>Changes by the USDA in its posted county
+prices have successfully increased PIK-and-roll activity as a
+way to pull corn out of government stockpiles, with the
+resulting jump in free supplies pressuring terminal corn basis
+values, cash grain dealers said.
+    Processors dropped spot Chicago corn basis bids three cents
+after covering most of the April needs this week, with river
+corn basis bids following CIF Gulf corn values lower.
+    The surge in PIK-and-roll also pressured corn futures, with
+May settling today down three cents per bushel at 1.58-1/2
+dlrs, near the contract low of 1.49-1/4 dlrs. But unlike in the
+past when lower prices slowed country movement, now lower
+county prices widen the differentials with the corn loan and
+make PIK-and-roll even more attractive, they noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21571" NEWID="12714">
+<DATE> 2-APR-1987 16:38:36.43</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2558&#31;reute
+b f BC-u.s.-money-supply-m-1   04-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. M-1 MONEY SUPPLY RISES ONE BILLION DLRS</TITLE>
+<DATELINE>    NEW YORK, April 2 - </DATELINE><BODY>U.S. M-1 money supply rose 1.0 billion
+dlrs to a seasonally adjusted 741.0 billion dlrs in the March
+23 week, the Federal Reserve said.
+    The previous week's M-1 level was revised to 740.0 billion
+dlrs from 740.2 billion, while the four-week moving average of
+M-1 rise to 739.7 billion dlrs from 739.1 billion.
+    Economists polled by Reuters said that M-1 would be
+anywhere from down 2.1 billion dlrs to up two billion dlrs. The
+average forecast called for an 800 mln dlr increase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21572" NEWID="12715">
+<DATE> 2-APR-1987 16:41:50.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2568&#31;reute
+r f BC-FOREST-CITY-ENTERPRIS   04-02 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREST CITY ENTERPRISES INC &lt;FCEA> 4TH QTR NET</TITLE>
+<DATELINE>    CLEVELAND, April 2 - 
+    </DATELINE><BODY>Oper shr 27 cts vs 37 cts
+    Oper net 2,211,000 vs 2,907,000
+    Revs 84.5 mln vs 74.1 mln
+    Year
+    Oper shr 1.15 dlrs vs 59 cts
+    Oper net 9,161,000 vs 4,690,000
+    Revs 251.4 mln vs 230.0 mln
+    Note: Oper excludes loss from discontinued operations of
+294,000 vs gain of 294,000 for qtr and gain of 279,000 vs gain
+of 979,000 for year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21573" NEWID="12716">
+<DATE> 2-APR-1987 16:52:58.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2591&#31;reute
+d f BC-CAREMARK-&lt;CMRK>-COMPL   04-02 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAREMARK &lt;CMRK> COMPLETES UNIT SALE</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., April 2 - </DATELINE><BODY>Caremark Corp said it
+completed the sale of its America's Pharmacy Inc unit to
+Newport Pharmaceuticals International Inc for 12 mln dlrs.
+    America's Pharmacy, based in Des Moines, Iowa, provides
+prescription drugs and other health care products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21574" NEWID="12717">
+<DATE> 2-APR-1987 16:55:43.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2598&#31;reute
+r f BC-BELL-PETROLEUM-&lt;BPSIQ   04-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL PETROLEUM &lt;BPSIQ> DISCUSSES REORGANIZATION</TITLE>
+<DATELINE>    HOUSTON, April 2 - </DATELINE><BODY>Bell Petroleum Services Inc said it will
+continue to talk with Regal International Inc &lt;RGL> about being
+acquired, but maintained it will pursue alternatives as part of
+its reorganization plan.
+    Any plan of reorganization Bell arrives at would be subject
+to approval by the U.S. Bankruptcy Court in Midland, Texas,
+Bell said.
+    The agreement also terminates all current litigation
+between Regal and Bell involving previous reorganization plans,
+in which Regal attempted to acquire Bell, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21575" NEWID="12718">
+<DATE> 2-APR-1987 17:00:36.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>fao</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2622&#31;reute
+d f AM-BRAZIL-UNICEF   04-02 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>500 MLN STARVING IN THE WORLD, SAYS FAO DIRECTOR</TITLE>
+<DATELINE>    RECIFE, Brazil, April 2 - </DATELINE><BODY>An estimated 500 million people,
+or about 10 pct of the world's population, are living in
+critical condition, starving, Food and Agricultural
+Organisation (FAO) director Edouard Saouma said.
+    Saouma, in Brazil for talks with agriculture officials,
+said he invited President Jose Sarney to make the opening
+speech at the International Day of Food in Rome October 16.
+    He also said he offered to send a technical mission to
+Brazil to help the government's land reform campaign.
+    During his stay at the federal capital, Saouma said he
+signed three accords for development of technical projects by
+the FAO in Brazil, the largest of which calls for a 57 mln dlrs
+investment for irrigation of areas in the drought- stricken
+Brazilian northeast.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21576" NEWID="12719">
+<DATE> 2-APR-1987 17:09:24.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2645&#31;reute
+u f BC-ARBITRAGER-ACQUIRES-9   04-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARBITRAGER ACQUIRES 9.98 PCT OF DECISION &lt;DCF></TITLE>
+<DATELINE>    PHILADELPHIA, April 2 - </DATELINE><BODY>Decision/Capital Fund Inc said
+entities associated with Mario Gabelli, an arbitrager, have
+acquired 9.98 pct of the shares in a friendly transaction.
+    In a 13D filed with the Securities and Exchange Commission,
+The Gabelli Group Inc of New York, said it acquired 200,000
+shares of the fund in stock exchange transactions on March 25
+"in the ordinary course of business and not to acquire control"
+of the fund.
+    Decision has said it will seek shareholder approval to
+convert to an operating company. It also plans to acquire
+Hopper, Soliday and Co Inc, a regional stock brokerage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21577" NEWID="12720">
+<DATE> 2-APR-1987 17:10:38.00</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2650&#31;reute
+d f BC-U.S.-ACREAGE-CUTS-SEE   04-02 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ACREAGE CUTS SEEN LIMITING STOCK BUILD</TITLE>
+<AUTHOR>    By Maggie McNeil, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>Sharp cuts this year in U.S. planted
+acreage may not make a big dent in the U.S. grain stockpile but
+will at least keep grain surpluses from increasing, Agriculture
+Department and industry commodity analysts said.
+    "The scenario is turning around on stocks. The whole
+supply/demand picture could finally be getting more in
+balance," a USDA analyst said.
+    The USDA prospective plantings report this week indicated
+that U.S. farmers will idle 52-55 mln acres in annual acreage
+reduction programs this year. An additional 20 mln acres have
+been enrolled in the conservation reserve program, bringing
+total idled acreage in the U.S. to 72-75 mln acres, almost a
+third of the nation's total 235 mln acre crop base.
+    Production of wheat, corn and soybeans in 1986/87 will
+probably closely match annual usage, limiting any buildup in
+stocks, analysts said.
+    "It's a substantially different story from last year when
+we added 1.5 billion bushels of corn to the stockpile," Vernon
+McMinimy, director of commodity research for Staley Co. said.
+    Interviewed at an agribusiness education conference here,
+McMinimy said that 67.6 mln planted acres of corn will likely
+translate into 60 mln harvested acres, and with normal yields,
+final production of 6.9 to 7.0 billion bushels.
+    McMinimy estimated that total U.S. corn disappearance in
+1986/87 could end up at 7.1 billion bushels, possibly resulting
+in a 200-million bushel reduction in the current corn stockpile
+of 5.45 billion bushels.
+    "To say this represents a turn-around is wrong, but we're
+at least in a holding pattern," George Hoffman, director of
+commodity analysis for Pillsbury said.
+    Hoffman said wheat stocks could rise slightly by the end of
+1986/87 to 1.9 billion bushels due to "significantly less"
+domestic feed use for wheat because of lower corn prices.
+    USDA analysts, however, project slightly higher usage and
+said wheat stocks will either decrease slightly or at least not
+increase. With yearly use at around two billion bushels, next
+year's projected crop could be used up, an analyst said.
+    "We won't be adding to stocks. Stocks are at a record now,
+so if we can begin to touch them even minutely through acreage
+reductions, that would be an improvement," an Agriculture
+Department wheat analyst said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21578" NEWID="12721">
+<DATE> 2-APR-1987 17:23:56.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2685&#31;reute
+h f BC-MARS-GRAPHIC-SERVICES   04-02 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARS GRAPHIC SERVICES INC &lt;WMD> 4TH QTR</TITLE>
+<DATELINE>    WESTVILLE, N.J., April 2 -
+    </DATELINE><BODY>Shr four cts vs 16 cts
+    Net 70,000 vs 153,000
+    Revs 4.0 mln vs 3.1 mln
+    Year
+    Shr 40 cts vs 50 cts
+    Net 520,000 vs 473,000
+    Revs 15.0 mln vs 12.1 mln
+    NOTE:Above results pro forma because company went public in
+August 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21579" NEWID="12722">
+<DATE> 2-APR-1987 17:24:35.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2687&#31;reute
+u f BC-BIRD   04-02 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEFENSE CONTRACTOR BOOSTS BIRD &lt;BIRD> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>Entwistle Co, a Hudson, Mass.,-based
+defense contractor, said it raised its stake in Bird Inc to the
+equivalent of 572,100 shares, or 13.9 pct of the total
+outstanding common stock, from 470,100 shares, or 11.4 pct.
+    Entwistle, a privately held company, said it bought 102,000
+Bird common shares on April 1 at 9.625 dlrs a share.
+    It said it may buy up to 24 pct of the total outstanding
+for investment purposes. Entwistle also said it has met with
+Bird representatives on its request for board representation,
+but the talks were inconclusive. Its stake includes 562,000
+common shares, with the rest in convertible preferred stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21580" NEWID="12723">
+<DATE> 2-APR-1987 17:25:43.39</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2691&#31;reute
+u f BC-JORDAN-TENDERING-MOND   04-02 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JORDAN TENDERING FOR U.S. WHEAT - EXPORTERS</TITLE>
+<DATELINE>    KANSAS CITY, April 2 - </DATELINE><BODY>Jordan will tender Monday for
+225,000 tonnes of U.S. hard and soft wheat under the USDA's
+Export Bonus program for April through November shipment,
+private export sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21581" NEWID="12724">
+<DATE> 2-APR-1987 17:44:30.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2735&#31;reute
+d f BC-THAI-AIRWAYS-BUYS-TWO   04-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI AIRWAYS BUYS TWO MCDONNELL &lt;MD> DC-10S</TITLE>
+<DATELINE>    LONG BEACH, Calif., April 2 - </DATELINE><BODY>Thai Airways International
+Ltd said it purchased two McDonnell Douglas Corp's DC-10
+extended range wide-body jets for over 125 mln dlrs.
+    The jets will be delivered at year end.
+    Thai Airways said the jets will operate flights between
+Thailand, northern Europe and New Zealand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21582" NEWID="12725">
+<DATE> 2-APR-1987 17:49:47.90</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2740&#31;reute
+d f BC-RESCUE-WORKERS-BRINGI   04-02 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESCUE WORKERS BRINGING MINERS FROM UNDERGROUND</TITLE>
+<DATELINE>    MURDOCHVILLE, Quebec, April 2 - </DATELINE><BODY>Rescue workers are bringing
+out miners who have been trapped in a &lt;Noranda Inc>
+copper mine for almost 24 hours by fire which has so far killed
+one and sent 17 to hospital, company officials said.
+    "We're working to take the men out - everybody that's
+underground is safe, we're established contact with them and
+now it's really just finding out how to take them out," Andre
+Fortier, a vice president with Noranda Minerals, which owns the
+mine said.
+    Ange-Aime Kenny died after being trapped by smoke from the
+fire, company officials said. Fortier said he believed all the
+workers would be rescued by the end of the night. He said he
+did not believe any of the 17 men taken to hospital were
+seriously injured.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21583" NEWID="12726">
+<DATE> 2-APR-1987 18:02:26.94</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>brazil</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2762&#31;reute
+u f BC-BRAZIL-BUYS-FRENCH-WH   04-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL BUYS FRENCH WHEAT AT TENDER</TITLE>
+<DATELINE>    RIO DE JANEIRO, April 2 - </DATELINE><BODY>Brazil bought 75,000 tonnes of
+French wheat at tonight's tender, a Brazilian Wheat Board
+spokesman said.
+    For May shipment, it accepted offers from J. Souflet for
+50,000 tonnes of wheat at 83.49 dlrs Fob per tonne.
+    For June shipment, Brazil bought 25,000 tonnes from J.
+Souflet also at 83.49 dlrs Fob per tonne.
+    The next tender is set for April 9, for May, June and July
+shipment, the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21584" NEWID="12727">
+<DATE> 2-APR-1987 18:11:47.15</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2770&#31;reute
+r f BC-CANUC-COMPLETES-URANI   04-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANUC COMPLETES URANIUM SALE TO DENISON</TITLE>
+<DATELINE>    TORONTO, April 2 - </DATELINE><BODY>&lt;Canuc Resources Inc> said it completed
+the previously announced sale of its 80 uranium mining claims
+in Elliot Lake, Ontario to &lt;Denison Mines Ltd> for an initial
+payment of 150,000 dlrs and certain royalties.
+    Canuc said it anticipated that Denison would start mining
+the property in 1989, with production reaching a yearly peak of
+between one mln and 1.5 mln pounds uranium oxide in 1992.
+    It said it would receive production royalties of about
+1.025 dlrs for each pound of uranium oxide contained in ore
+broken during mine development and a minimum advance of 25,000
+dlrs a quarter until production starts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1697" NEWID="12728">
+<DATE> 3-APR-1987 00:23:21.70</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0010&#31;reute
+u f BC-COOPER-BASIN-NATURAL   04-03 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPER BASIN NATURAL GAS RESERVES UPGRADED</TITLE>
+<DATELINE>    ADELAIDE, April 3 - </DATELINE><BODY>Remaining recoverable gas reserves in
+the areas held by the Santos Ltd &lt;STOS.S>-led Cooper Basin
+joint ventures have been upgraded to 2,721.7 billion cubic feet
+(bcf) from the 2,466 estimated last May, Santos said.
+    The upgrading followed a re-review by consultant &lt;Coles
+Nikiforuk Pennell Associates> in light of the large number of
+gas finds since May 1986, Santos said in a statement.
+    This means that total contractual commitments of 2,455.5
+bcf to &lt;The Australian Gas Light Co> of New South Wales and the
+Pipeline Authority of South Australia can be met with spare gas
+available for sale in South Australia, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1698" NEWID="12729">
+<DATE> 3-APR-1987 00:34:19.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+v&#22;&#22;&#1;f0012&#31;reute
+b f BC-SOVIET-UNION-STAGES-T   04-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET UNION STAGES THIRD NUCLEAR TEST</TITLE>
+<DATELINE>    MOSCOW, April 3 - </DATELINE><BODY>The Soviet Union conducted an underground
+nuclear test aimed at perfecting military technology, the
+official news agency Tass reported.
+    Tass said the test was carried out at 0120 gmt at the
+Semipalatinsk testing ground in Kazakhstan, Soviet Central
+Asia.
+    It was the third Soviet underground blast since Moscow
+halted an 18-month nuclear test moratorium last February,
+saying Washington's refusal to join the ban had forced it to
+resume testing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1699" NEWID="12730">
+<DATE> 3-APR-1987 00:56:20.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>hong-kong</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0021&#31;reute
+u f BC-JAPANESE-BANKS-EXPAND   04-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE BANKS EXPAND HONG KONG PRESENCE</TITLE>
+<AUTHOR>    By Allan Ng, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, April 3 - </DATELINE><BODY>At a time when Britain is threatening
+to revoke the license of Japanese banks in retaliation for
+restrictive trade practices, Hong Kong is rolling out the
+welcome mat to Japan.
+    The British colony last week issued a banking licence to
+the Bank of Fukuoka Ltd, making it the 24th Japanese bank here.
+    Japan has the largest banking contingent in Hong Kong,
+followed by the U.S. With 22 banks. Eleven Japanese banks have
+representative offices here and Japanese institutions operate
+34 deposit-taking companies (DTCs).
+    Assistant banking commissioner K.K Wong told Reuters: "There
+are no special favours towards the Japanese...But because of
+Japan's strong economy and currency, they easily meet our
+requirement on assets (14 billion U.S. Dlrs)."
+    The Japanese control the largest share of assets of the
+financial institutions here but incorporated elsewhere, with
+980.5 billion H.K. Dlrs at end-1986, or 57.5 pct of the total.
+    "Hong Kong authorities welcome Japanese banks," said Haruo
+Kimura, assistant general manager of the Bank of Tokyo. "But the
+U.S. And Britain are unhappy with the slow liberalisation of
+the Tokyo financial market."
+    Japanese bankers said Hong Kong offers good business
+opportunities, especially in China trade, to Japanese banks who
+are following their clients' international expansion.
+    "As their clients become more international, they have to
+keep up and follow them," said Yutaka Toda, Dai-Ichi Kangyo
+Bank's general manager here.
+    "We can have access to local traders and regional
+corporations," said Bank of Tokyo's Kimura. "We can also pick up
+business with China."
+    Bankers said more Japanese banks are on the way. An influx
+of Japanese banks began in the late 1970s when the government
+lifted a moratorium on new licences. But newcomers are allowed
+one branch each and only the Bank of Tokyo, Sanwa Bank and
+Sumitomo Bank have more than one branch.
+    Because of this limitation, Japanese banks have mostly
+concentrated on wholesale business.
+    "It is very difficult to compete with those giants such as
+the Hongkong Bank and the Bank of China," said Kimura of the
+Bank of Tokyo.
+    Bank of Tokyo has the largest Japanese bank network here
+with seven branches, while Hongkong and Shanghai Banking Corp
+and the Bank of China groups each have hundreds of branches.
+    To broaden their client and deposit base, some Japanese
+banks have taken equity in local banks. The latest such move
+was Dai-Ichi Kangyo's increase of its stake in Chekiang First
+Bank last year to 95 pct from 33 pct.
+    Tokai Bank, Fuji Bank and Mitsubishi Bank also have
+interests in small local banks.
+    But Mitsubishi, not content with its single-branch licence
+and a 25 pct stake in the small Liu Chong Hing Bank, bought
+Mercantile Bank Ltd's multi-branch licence early this year.
+    "We will open one more branch in (Hong Kong's district of)
+Kowloon soon, to better serve our clients on the other side of
+the harbour," said Mitsubishi Bank general manager Takeshi
+Tange.
+    Their weakness in the retail market forces Japanese banks
+to rely on the interbank market for funding.
+    Government data show that despite their large share of
+total assets, Japanese banks had only 54.4 billion dlrs in
+deposits at end-1986, or 17.1 pct of deposits of banks in Hong
+Kong incorporated elsewhere.
+    "Most Japanese banks' international lendings in the region
+are booked in Hong Kong," said a Japanese banker who declined to
+be named.
+    He said it is mainly for tax reasons, adding that assets
+such as loans booked in Hong Kong are not subject to Japanese
+tax.
+    Japanese banks are barred by the Tokyo government from
+issuing Eurobonds, but their Hong Kong subsidiaries can tap the
+Euromarket and lend the funds to the parent.
+    Bankers said this role could be undermined by a five pct
+capital adequacy ratio that goes into effect next year,
+requiring many DTC's to increase their capital. Many Japanese
+banks are seeking special treatment for their largely offshore
+operations or a different risk calculation for their assets.
+    "I don't think this will stop them from coming here," said a
+banker. "But it may mean they have to conduct some of their
+offshore funding operations elsewhere."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1700" NEWID="12731">
+<DATE> 3-APR-1987 01:13:50.54</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0031&#31;reute
+b f BC-ANZ-BANK-TO-CUT-AUSTR   04-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANZ BANK TO CUT AUSTRALIAN PRIME RATE TO 18 PCT</TITLE>
+<DATELINE>    MELBOURNE, April 3 - </DATELINE><BODY>Australia and New Zealand Banking
+Group Ltd &lt;ANZA.S> said it will lower its Australian prime
+lending rate to 18 pct from 18.25, effective April 6.
+    The cut is the second announced by the bank in the last
+week, following a cut from 18.5 pct effective last Monday.
+    The ANZ's new rate will be the lowest prime set by the four
+major trading banks and matches the rate set by one of the
+smaller foreign banks in January and left unchanged during the
+rise in primes over the last three months.
+    Other primes range from 18.25 to 18.5 pct, including those
+of the other three majors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1701" NEWID="12732">
+<DATE> 3-APR-1987 01:15:32.00</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-ANZ-BANK-IN-N.Z.-RAIS   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANZ BANK IN N.Z. RAISES INDICATOR LENDING RATE</TITLE>
+<DATELINE>    WELLINGTON, April 3 - </DATELINE><BODY>The Australia and New Zealand Banking
+Group Ltd in New Zealand said it will raise its indicator
+lending rate to 23 pct from 21.5 pct on April 7.
+    A bank statement said the continuing rise in the cost of
+funds had to be passed on to the lending customers.
+    ANZ managing director Brian Weeks said: "Recent developments
+in the money markets are of deep concern to all participants
+... Market participants are understandably nervous and cautious
+about future developments.
+    These include flows to and from the government relating to
+the privatisation of seven government departments on April 1.
+    "We welcome the flexibility evident in the Reserve Bank's
+move to raise the system cash target yesterday, but feel that
+to reduce the present nervousness the cash target and primary
+liquidity level need to be raised further...," he said.
+    The Reserve Bank has raised its daily cash target to 45 mln
+N.Z. Dlrs from its normal 30 mln dlrs.
+    Call rates have traded as high as 65 pct this week because
+of business year-end March 31 balance date book squaring.
+    Westpac Banking Corp in New Zealand announced yesterday it
+would increase its indicator lending rate by 1.5 percentage
+points to 22.5 pct on April 7.
+ REUTER
+
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1702" NEWID="12733">
+<DATE>  3-APR-1987 01:28:58.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0037&#31;reute
+f f BC-Tokyo-stockmarket-ind   04-03 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo stockmarket index rises 43.13 to record 22,410.85 closing high
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1703" NEWID="12734">
+<DATE> 3-APR-1987 01:31:41.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0039&#31;reute
+u f BC-CITIC-TO-ISSUE-30-BIL   04-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIC TO ISSUE 30 BILLION YEN BOND IN TOKYO</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>The China International Trust and
+Investment Corp (CITIC) will issue a 30 billion yen, 10-year
+bond on April 23, Daiwa Securities said as lead manager.
+    The samurai bond, to be signed on on April 14, will be the
+first since an Asian Development Bank issue in February.
+    The coupon is expected to be around five pct, Daiwa said.
+    The April Japanese government 10-year bond coupon has been
+set at 4.7 pct against five pct on the March bond.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1704" NEWID="12735">
+<DATE> 3-APR-1987 01:42:56.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0043&#31;reute
+u f BC-AUSTRALIAN-TREASURY-N   04-03 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN TREASURY NOTE TENDER 200 MLN DLRS</TITLE>
+<DATELINE>    SYDNEY, April 3 - </DATELINE><BODY>The Reserve Bank said it would offer for
+tender 200 mln dlrs of 13-week treasury notes next week.
+    The Bank added it would take up 300 mln dlrs of 13-week
+notes at the average yield.
+    The bank will not offer any 26-week notes for tender next
+week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1705" NEWID="12736">
+<DATE> 3-APR-1987 02:07:27.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>libya</D><D>chad</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0067&#31;reute
+u f BC-LIBYA-STILL-BOMBING-C   04-03 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBYA STILL BOMBING CHAD AIRSTRIP SAY FRENCH</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Libyan forces are still bombing the key
+Ouadi Doum airstrip in northern Chad captured by Chadian troops
+on March 22, French Defence Minister Andre Giraud said.
+    The bombing was still going on even though Libyan troops
+had been driven out of most of northern Chad, Giraud told Radio
+France Internationale in an interview monitored by the British
+Broadcasting Corporation. He added Chad had not asked France to
+help drive the Libyans out of the north.
+    Chad said yesterday its troops had captured the Libyan
+outpost of Gouro, some 150 km south of the disputed Aouzou
+strip in the far north of the central African country.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1706" NEWID="12737">
+<DATE> 3-APR-1987 02:09:34.44</DATE>
+<TOPICS><D>carcass</D><D>livestock</D><D>orange</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0070&#31;reute
+u f BC-JAPAN/U.S.-AGRICULTUR   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN/U.S. AGRICULTURE TALKS SET FOR APRIL 17, 20</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>Agriculture Minister Mutsuki Kato said he
+will meet U.S. Agriculture Secretary Richard Lyng here on April
+17 and 20 to discuss bilateral farm trade issues. Lyng will
+visit Tokyo from April 16 to 27.
+    Kato told reporters after a cabinet meeting all topics ofconcern to the U.S. Will be discussed, such as trade in beef
+
+and oranges and import controls on farm products. He said
+Shintaro Abe, the ruling Liberal Democratic Party's executive
+council chairman, would propose some unspecified measures in
+response to demands to ease import controls on U.S. Farm
+products. Kato declined to give any details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1707" NEWID="12738">
+<DATE> 3-APR-1987 02:52:30.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0129&#31;reute
+b f BC-LUCAS-INDUSTRIES-CONV   04-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUCAS INDUSTRIES CONVERTIBLE BOND INCREASED, FIXED</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Lucas Industries Inc's convertible
+eurobond has been increased to 83 mln dlrs from the initial 75
+mln dlrs due to strong demand for the deal, lead manager J.
+Henry Schroder Wagg and Co Ltd said.
+    The coupon has been set at 5-1/4 pct. The conversion price
+is fixed at 640 pence per share, representing a premium of
+11-1/2 pct over yesterday's mid-price close of 574 pence.
+    The seven year put option was priced at 118 pct to give the
+investor a yield to the put of 7.31 pct. The foreign exchange
+rate was fixed at 1.6030 U.S. Dlrs to one stg. The borrower is
+a unit of Lucas Industries Plc &lt;LUCS.L>.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1708" NEWID="12739">
+<DATE> 3-APR-1987 02:54:02.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0130&#31;reute
+b f BC-BP-PLANS-CAPITALISATI   04-03 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP PLANS CAPITALISATION SHARE ISSUE</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>British Petroleum Co Plc &lt;BP.L> said it
+is proposing a capitalisation share issue of two new ordinary
+shares for each ordinary share held at the close of business on
+April 15.
+    The move is subject to the approval of shareholders at an
+extraordinary general meeting to be held on April 30, it said
+in a statement.
+    The new shares will not participate in the proposed final
+dividend for 1986, expected to be paid on May 7.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1709" NEWID="12740">
+<DATE> 3-APR-1987 03:00:00.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0131&#31;reute
+b f BC-SWEDEN-ISSUES-SEVEN-Y   04-03 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN ISSUES SEVEN-YEAR DOMESTIC BOND</TITLE>
+<DATELINE>    STOCKHOLM, April 3 - </DATELINE><BODY>Sweden's National Debt Office said it
+was issuing a four billion crown, seven-year domestic
+government bond with a coupon of 10.75 pct.
+    It invited bids by April 6 and payment date for the loan is
+April 10.
+    The issue, like all Swedish domestic paper, is closed to
+non-residents.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1710" NEWID="12741">
+<DATE> 3-APR-1987 03:07:28.47</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0136&#31;reute
+b f BC-NEW-DUTCH-ADVANCES-TO   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW DUTCH ADVANCES TOTAL 4.1 BILLION GUILDERS</TITLE>
+<DATELINE>    AMSTERDAM, April 3 - </DATELINE><BODY>The Duth Central bank said it accepted
+bids totalling 4.086 billion guilders at tender for the new
+twelve-day special advances at an unchanged 5.3 pct.
+    Bids up to 30 mln guilders were met in full, amounts above
+at 40 pct.
+    The new advances, covering the period April 3 to 15,
+replace the current 4.2 billion guilder nine-day facility at
+5.3 pct, which expires today.
+    Money market dealers said the total amount allocated was in
+line with expectations and would be sufficient to cover the
+money market shortage for the duration of the facility.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1711" NEWID="12742">
+<DATE> 3-APR-1987 03:08:59.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0140&#31;reute
+b f BC-TOYO-TRUST-ISSUES-100   04-03 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYO TRUST ISSUES 100 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Toyo Trust and Banking Co Ltd is issuing
+a 100 mln dlr convertible eurobond due March 31, 2002 paying an
+indicated two pct and priced at par, lead manager Toyo Trust
+International said.
+    The issue is callable after three years at 104 pct
+declining by 1/2 pct per annum to par thereafter. It is not
+callable unless the share price exceeds the conversion price by
+150 pct.
+    The selling concession is 1-1/2 pct while management and
+underwriting each pay 1/2 pct. Final terms will be fixed on
+April 10. The payment date is April 30 and there will be a
+short first coupon period. The issue will be listed in
+Luxembourg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1712" NEWID="12743">
+<DATE> 3-APR-1987 03:36:13.79</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0170&#31;reute
+b f BC-GERMAN-MARCH-UNADJUST   04-03 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN MARCH UNADJUSTED JOBLESS FALLS</TITLE>
+<DATELINE>    NUREMBERG, April 3 - </DATELINE><BODY>West German unemployment, unadjusted
+for seasonal factors, fell to 2.41 mln in March from 2.49 mln
+in February, the Federal Labour Office said.
+    The total represents 9.6 pct of the workforce compared with
+10.0 pct in February.
+    The seasonally adjusted jobless total rose, however, in
+March to 2.23 mln from 2.18 mln in February, it added.
+    In March last year the unadjusted unemployment total stood
+at 2.45 mln and represented 9.8 pct of the workforce.
+Seasonally adjusted unemployment was 2.29 mln.
+    The Federal Labour Office said the number of workers on
+short time rose by 80,629 to 462,802 and the number of
+vacancies increased by 15,263 to 180,047.
+    Labour Office President Heinrich Franke, announcing the
+figures, said the hesitant decline in the unadjusted jobless
+total reflected continuing bad weather, slack activity in the
+capital goods sector and structural changes in the coal and
+steel industry.
+    In a separate statement, the Federal Statistics Office said
+the rise in the overall number of people in employment had
+slowed in February.
+    The Office said that, according to estimates for February,
+25.7 mln people were in work, a rise of around 240,000 or 0.9
+pct compared with the same month in 1986.
+    It noted that in January the year-on-year rise was 250,000
+or 1.0 pct and the number in work stood at 25.78 mln. The
+decline in February compared with January reflected seasonal
+factors, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1713" NEWID="12744">
+<DATE> 3-APR-1987 04:03:09.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>ussr</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0206&#31;reute
+u f BC-THATCHER-PROSPECTS-BO   04-03 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THATCHER PROSPECTS BOOSTED BY USSR TRIP, POLL SAYS</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>British Prime Minister Margaret Thatcher
+has improved her standing with voters, according to the first
+opinion poll published since her return from the Soviet Union.
+    Thatcher is seeking re-election for a third term and the
+newspaper said there would now be pressure on her to go for a
+June or even a May election to capitalise on her Soviet trip.
+    The survey, by the Harris Research Centre for today's
+London Daily News, said more than half of the 767 voters polled
+by telephone believed she had improved the prospects of arms
+reductions and peace while 22 pct said they were more likely to
+vote for her now than before her visit.
+    The poll was bad news for Labour opposition leader Neil
+Kinnock. It showed that his popularity had slumped following
+his trip to Washington last week to explain his anti-nuclear
+policies. Thirty five pct of those polled said their opinion of
+him had gone down since the trip and only 13 pct were more in
+favour of him.
+    In contrast, 46 pct said they were more impressed with
+Thatcher after her trip to the Soviet Union. Only 14 pct rated
+her less highly. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1714" NEWID="12745">
+<DATE> 3-APR-1987 04:03:33.71</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0208&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   04-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST AT 700 MLN STG</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The Bank of England said it has forecast
+a shortage of around 700 mln stg in the system today.
+    Among the main factors, maturing assistance and take-up of
+treasury bills will drain 546 mln stg, bills for repurchase by
+the market 76 mln, a rise in note circulation 310 mln and
+bankers balances below target 105 mln.
+    The outflow will be partly offset by 340 mln stg exchequer
+transactions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1715" NEWID="12746">
+<DATE> 3-APR-1987 04:07:46.21</DATE>
+<TOPICS><D>palm-oil</D><D>veg-oil</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0216&#31;reute
+u f BC-PORLA-CRUDE-PALM-OIL   04-03 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORLA CRUDE PALM OIL TRADE REPORT FOR APRIL 2</TITLE>
+<DATELINE>    KUALA LUMPUR, April 3 - </DATELINE><BODY>The Palm Oil Registration and
+Licensing Authority (PORLA) reports trade in crude palm oil
+(cpo) on April 2 as follows in ringgit per tonne delivered
+unless stated.
+    April 752.50 south and central 751 north average 752.50
+down 6.50. May 750 south down 11.
+    Refined palm oil traded in bulk US dlrs per tonne fob. RBD
+palm oil May 320. RBD palm olein April 336 May 337.50 June 337.
+RBD palm stearin May 275.
+    The cpo market was lower in light trading, with April
+traded between 747.50 and 755 ringgit per tonne.
+    The refined palm oil market was slightly easier and April
+delivery of RBD palm olein to Singapore traded at 856.50
+ringgit per tonne.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1716" NEWID="12747">
+<DATE> 3-APR-1987 04:15:03.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D><D>brunei</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0224&#31;reute
+u f BC-SHEARSON-LEHMAN-NO-LO   04-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHEARSON LEHMAN NO LONGER ADVISING KHOO</TITLE>
+<DATELINE>    SINGAPORE, April 3 - </DATELINE><BODY>Shearson Lehman Brothers Inc will no
+longer be working as financial advisers for financier Khoo Teck
+Puat, Shearson said in a statement.
+    Acting as Khoo's advisers, Shearson formulated a repayment
+proposal to the National Bank of Brunei Bhd (NBB). Brunei
+authorities closed the bank last November, alleging 90 pct of
+its loans of 1.3 billion Brunei dlrs had been extended, without
+documentation or guarantee, to firms controlled by Khoo's
+family and friends.
+    Sources close to Khoo said creditor banks and the NBB are
+still studying the proposal submitted in February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1717" NEWID="12748">
+<DATE> 3-APR-1987 04:16:23.72</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0226&#31;reute
+u f BC-TAIWAN-ISSUES-MORE-CE   04-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ISSUES MORE CERTIFICATES OF DEPOSIT</TITLE>
+<DATELINE>    TAIPEI, April 3 - </DATELINE><BODY>The Central Bank issued 5.65 billion dlrs
+worth of certificates of deposit (CDs), boosting CD issues so
+far this year to 147.58 billion, a bank spokesman told Reuters.
+    The new CDs, with maturities of six months, one year and
+two years, carry interest rates ranging from 4.07 pct to 5.12
+pct, he said.
+    The issues are intended to help curb the growth of the M-1b
+money supply which has grown as a result of increasing foreign
+exchange reserves.
+    The reserves hit a record 53 billion U.S. Dlrs last month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1718" NEWID="12749">
+<DATE> 3-APR-1987 04:30:28.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0247&#31;reute
+u f BC-TOYO-UMPANKI-MAY-MAKE   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYO UMPANKI MAY MAKE FORKLIFTS IN EUROPE</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>&lt;Toyo Umpanki Co Ltd> said it is
+considering setting up a European unit to produce forklifts, in
+view of the yen's rise and Japan's self-imposed restriction on
+forklift exports to the European Community (EC).
+    Belgium, Britain and France are candidates for the plant.
+The company is negotiating with unspecified European makers and
+a decision is expected in August, a spokesman said.
+    Toyo currently exports 40 pct of its annual production of
+14,000 to 15,000 units. Some 40 pct of exports go to the EC.
+    Overall Japanese forklift exports in calendar 1986 fell to
+14,005 from 15,991 a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1719" NEWID="12750">
+<DATE> 3-APR-1987 04:30:58.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0248&#31;reute
+u f BC-CHINA-CURTAILS-KEY-RE   04-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA CURTAILS KEY REFORM GOAL OF REALISTIC PRICES</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    PEKING, April 3 - </DATELINE><BODY>Fear of social instability and inflation
+has forced China to curtail a major economic reform --
+overhauling a pricing system in which prices bear no relation
+to production costs.
+    Despite pledges last year that price changes were needed to
+get the economy on the right track, Peking has repeatedly said
+no major change will happen this year. The backtracking has
+occurred during a conservative backlash following the
+resignation in January of reformist Communist Party leader Hu
+Yaobang, western diplomats and Chinese sources say.
+    "Price changes in the last two years have aroused great
+public discontent, especially in the cities," one western
+diplomat said.
+    "Chinese were used to stable prices for 30 years from 1949
+when the communists took over. On a recent visit to two major
+cities, the refrain from all the officials was the need to
+preserve social stability."
+    A Chinese journalist said the reformers under-estimated the
+potential public resistance to price increases.
+    "A major review of all economic reforms is under way, the
+biggest since the reforms began in 1979, because many things
+are not going well -- a large budget deficit, too rapid price
+increases and no major improvement in productivity of state
+firms," the Chinese journalist said.
+    This view was reflected by the official People's Daily in a
+major article this week. The daily said price increases had
+been taking place too quickly in recent years.
+    "In future, price changes should be only in small steps," it
+said, adding that wage increases and lax monetary policies had
+resulted in too much money chasing too few goods.
+    The Chinese journalist said the review was in part due to
+political factors.
+    "Economics and politics are inseparable in China. But the
+western media are wrong to classify the leadership into
+reformers and conservatives. All the leaders agree on the main
+direction -- economic reform and the open-door," he said.
+    "But there are differences of opinion on the pace of reform
+and on specific policies. No one is advocating a return to how
+things were before 1979."
+    Those who say prices should reflect production costs
+believe the issue is vital to China's economy.
+    Sugar is an example. An official newspaper said earlier
+this year that over 40 pct of the country's sugar mills were
+losing money, or had closed because the price of sugar had not
+changed for 20 years, while the production costs have risen
+sharply over the same period.
+    The western diplomat said Chinese leaders did not fear a
+backlash against rising prices would result in rioting in the
+streets, which they had the means to control.
+    "The bottom line is how such protests would be used by those
+in the power struggle (inside the Communist Party)," he said.
+    Said a foreign lawyer, referring to the crisis sparked by
+student demonstrations which led to Hu's replacement, "The
+leadership here is a self-perpetuating oligarchy. There is no
+way that it is going to give up power."
+    The Chinese journalist added that China appears to have
+reached a crossroads.
+    "There is no clear proposal as to what to do next," he said.
+"Premier Zhao (Ziyang) has instructed his think-tanks to come up
+with how to continue the reforms in 1988."
+    But for the time being at least, the path leading to price
+reforms is out of favour.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1720" NEWID="12751">
+<DATE> 3-APR-1987 04:31:57.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0251&#31;reute
+u f BC-MIM-COMPLETES-PART-OF   04-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIM COMPLETES PART OF NORDDEUTSCHE AFFINERIE BUY</TITLE>
+<DATELINE>    BRISBANE, April 3 - </DATELINE><BODY>MIM Holdings Ltd &lt;MIMA.S> said it has
+issued 23.33 mln shares to Preussag AG &lt;PRSG.F> to complete the
+previously announced purchase of 20 pct of &lt;Norddeutsche
+Affinerie AG> from Preussag.
+    Terms of the acquisition of 10 pct of Norddeutsche
+Affinerie from Degussa AG &lt;DGSG.F> are currently being
+resolved, MIM said in a statement.
+    Norddeutsche Affinerie will then be owned 40 pct by
+Metallgesellschaft AG &lt;METG.F> and 30 pct each by MIM and
+Degussa, but MIM said it and Metallgesellschaft are proposing a
+further arrangement to give them 35 pct each.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1721" NEWID="12752">
+<DATE> 3-APR-1987 04:35:11.72</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0258&#31;reute
+r f BC-DANISH-UNEMPLOYMENT-F   04-03 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH UNEMPLOYMENT FALLS TO 7.8 PCT IN FEBRUARY</TITLE>
+<DATELINE>    COPENHAGEN, April 3 - </DATELINE><BODY>Denmark's seasonally adjusted
+unemployment rate fell to 7.8 pct of the workforce in February
+from 7.9 pct in January, against 7.9 pct in February 1986, the
+National Statistics Office said.
+    The total number of unemployed in February was 213,200
+against 215,700 in January and 216,600 in February, 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1722" NEWID="12753">
+<DATE> 3-APR-1987 04:36:33.09</DATE>
+<TOPICS><D>meal-feed</D><D>soy-meal</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0261&#31;reute
+u f BC-EUROPEAN-SOY/FEED-MAR   04-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN SOY/FEED MARKET OPENS QUIETLY</TITLE>
+<DATELINE>    ROTTERDAM, April 3 - </DATELINE><BODY>Meals and feed on a cif Rotterdam
+basis opened quietly this morning with mixed to slighlty firmer
+seller indications compared with yesterday's midday levels,
+market sources said.
+    Early buying interest was low despite a weaker dollar
+against European currencies, they added. No trades were
+reported so far.
+    US soymeal indicated between unchanged and one dlr a tonne
+lower compared with yesterday. Brazilian soymeal pellets were
+offered between one dlr lower and one higher, while Argentines
+indicated up to two dlrs a tonne higher than yesterday.
+    Cornglutenfeed pellets were indicated between unchanged and
+one dlr lower, while citruspulp pellets were offered at
+slightly firmer levels compared with yesterday midday.
+    Seller indications for sunmeal pellets were between one dlr
+higher and 0.50 dlrs lower than yesterday, while linseed
+expellers were up to two dlrs above yesterday's midday levels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1723" NEWID="12754">
+<DATE> 3-APR-1987 04:38:15.71</DATE>
+<TOPICS><D>tea</D></TOPICS>
+<PLACES><D>kenya</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0264&#31;reute
+u f BC-PAKISTANI-DECISION-WI   04-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTANI DECISION WILL HURT KENYAN TEA EXPORTS</TITLE>
+<DATELINE>    NAIROBI, April 3 - </DATELINE><BODY>Pakistan's decision to suspend tea
+import licences will hurt Kenyan tea exports in the short term
+while exporters seek new markets, sources close to Nairobi
+broking houses and exporters said.
+    Broking house officials in the Sri Lankan capital Colombo
+yesterday told Reuters Pakistan had suspended the licences in
+order to link tea imports to Pakistani exports.
+    The latest available figures show that Kenyan exports to
+Pakistan, mainly tea, were worth 75 mln dlrs in 1985, while
+imports from Pakistan amounted to only 4.8 mln dlrs. Kenya
+provides over 50 pct of Pakistan's tea imports.
+    The Nairobi sources said the Pakistani decision did not
+come as a surprise as Pakistan had been complaining of the
+trade imbalance for some time.
+    "We are very disappointed that Pakistan took such action ...
+(it) will certainly hurt Kenya's tea industry in the short term
+as Pakistan is Kenya's second largest market," a source at one
+broking house told Reuters.
+    One tea broker said Pakistan's move had already affected
+Kenya's tea trade and was largely responsible for an average
+fall of two shillings a kilo at the export auction in Mombasa
+last Monday.
+    "The trend is likely to continue until other countries
+replace Pakistan, which usually buys all qualities of our tea,"
+he added.
+    Kenya has for a long time relied on Britain, Pakistan,
+Egypt and, to a lesser extent the United States, as major
+markets for its tea, the sources added.
+    Small-scale exporters who export mainly to Pakistan would
+be worst hit by the Pakistani move as it would take them longer
+to find new outlets, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1724" NEWID="12755">
+<DATE> 3-APR-1987 04:42:11.58</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>china</D><D>sweden</D></PLACES>
+<PEOPLE><D>carlsson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0277&#31;reute
+u f BC-SWEDISH-PRIME-MINISTE   04-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH PRIME MINISTER'S CHINA VISIT BOOSTS TRADE</TITLE>
+<DATELINE>    PEKING, April 3 - </DATELINE><BODY>An big expansion in bilateral trade is
+expected as a result of Swedish Prime Minister Ingvar
+Carlsson's visit to China, a official of China's Foreign
+Economic Relations and Trade Ministry official said.
+    He told the China Daily that petroleum, coal, cotton,
+non-ferrous metals and electric engines could help balance the
+trade running at over three-to-one in Sweden's favour.
+    Total trade reached 290 mln dlrs last year, up 32 pct on
+1985, according to Chinese statistics. Swedish sources said
+major paper mill projects and an aviation agreement would be
+discussed during Carlsson's one week visit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1725" NEWID="12756">
+<DATE> 3-APR-1987 04:46:17.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0282&#31;reute
+u f BC-U.S.-FIRMS-BID-TO-BUI   04-03 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FIRMS BID TO BUILD JAPAN'S NEXT FIGHTER</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>The United States is stepping up its bid
+to win a share of a multi-billion dollar project to build
+Japan's next jet fighter, the FSX, as the country's Defence
+Agency nears a decision, agency sources said.
+    General Dynamics Corp &lt;GD.N> and McDonnell Douglas Corp
+&lt;MD.N> of the U.S. Have separately suggested joint development
+of the FSX with Japanese firms.
+    Officials said the Agency was still studying the project,
+but agency sources said the assessment was in the final stages.
+    The officials said the agency had received a briefing on a
+development proposal from General Dynamics to modify its F-16
+jet. The firm's team arrived here on March 30. They declined to
+elaborate on the briefing.
+    A team from McDonnell is arriving next Monday with a
+similar proposal based on its F/A-18 Hornet, the Agency said.
+    A Pentagon team of about 10 experts will follow up with a
+one-week visit starting on April 11 to discuss the projected
+plane with the Agency, the officials said.
+      Five major Japanese makers will also present briefings
+this month, they said. A spokesman for the group including
+Mitsubishi Heavy Industries &lt;MITH.T> and Kawasaki Heavy
+Industries &lt;KAWH.T> declined to disclose details.
+    The agency has been studying three possibilities:
+development of a new fighter-bomber by Japanese makers with or
+without foreign participation, modifying F-4EJ Phantoms the
+Agency now uses or purchase of a foreign aircraft.
+    The contract will be worth an estimated 1,000 billion yen
+for 100 FSXs. The agency plans to decide by June and seek
+initial research funds in the 1988 budget, press reports said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1726" NEWID="12757">
+<DATE> 3-APR-1987 04:46:29.66</DATE>
+<TOPICS><D>soybean</D><D>oilseed</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0283&#31;reute
+u f BC-TAIWAN-BUYS-54,000-TO   04-03 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN BUYS 54,000 TONNES OF U.S. SOYBEANS</TITLE>
+<DATELINE>    TAIPEI, April 3 - </DATELINE><BODY>The joint committee of Taiwan soybean
+importers awarded a contract to Cigra Inc of Chicago to supply
+a 54,000 tonne cargo of U.S. Soybeans, a committee spokesman
+told Reuters.
+    The cargo, priced at 213.87 U.S. Dlrs per tonne c and f
+Taiwan, is for delivery between April 20 and May 5.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1727" NEWID="12758">
+<DATE> 3-APR-1987 04:46:42.93</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-SOUTH-KOREAN-MONEY-SU   04-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREAN MONEY SUPPLY FALLS IN MARCH</TITLE>
+<DATELINE>    SEOUL, April 3 - </DATELINE><BODY>South Korea's M-2 money supply fell two
+pct to 33,463.4 billion won in March from 34,030.3 billion in
+February, provisional Bank of Korea figures show.
+    It rose a revised 0.5 pct in February and was up 14.7 pct
+from a year earlier.
+    M-1 money supply fell 8.7 pct to 7,767.8 billion won in
+March against a revised rise of 4.3 pct in February. It has
+increased 8.3 pct since March last year.
+    Bank officials said the March falls were due mainly to
+various measures by the bank to absorb excess money.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1728" NEWID="12759">
+<DATE> 3-APR-1987 04:48:45.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0287&#31;reute
+u f BC-SKANDIA-INTERNATIONAL   04-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SKANDIA INTERNATIONAL BUYS STAKE IN NEVI BALTIC</TITLE>
+<DATELINE>    STOCKHOLM, April 3 - </DATELINE><BODY>&lt;Skandia International Holding AB>,
+the overseas offshoot of Swedish insurance group Forsakrings AB
+Skandia &lt;SKDS.ST> said it was buying a 29.9 pct share in the
+London-quoted property and financial services company &lt;Nevi
+Baltic Plc>. No financial details were given.
+    Nevi Baltic, with a 1986 turnover of 20 mln stg and total
+assets of 70 mln stg, is controlled by Norwegian finance
+company &lt;Nevi AS> which will retain a 30.1 pct stake in the
+British unit, Skandia said in a statement.
+    The deal is subject to formal approval from the Swedish
+central bank, the statement added.
+ REUTER
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1729" NEWID="12760">
+<DATE> 3-APR-1987 04:54:45.94</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0296&#31;reute
+b f BC-LONDON-SUGAR-OPENS-ST   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SUGAR OPENS STEADY BUT QUIET</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Raw sugar futures had a quiet opening
+call of 38 lots with prices holding steady from last night with
+gains of 20 to 80 cents a tonne, dealers said.
+    Aug was trading at 157.60 dlrs from 157.40 asked yesterday.
+    The modest rise continued the recent rally from an oversold
+situation but, dealers noted, there was little fresh physicals
+news to stimulate activity.
+    Whites tenders are scheduled for next Wednesday by Syria
+for 36,000 tonnes and Greece for 40,000 tonnes while Pakistan
+is due to tender on April 11 for 100,000 tonnes whites, they
+said.
+    This week has seen whites buying by India and Egypt.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1730" NEWID="12761">
+<DATE> 3-APR-1987 04:56:10.57</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0298&#31;reute
+u f BC-AUSTRALIAN-TUG-CREWS   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN TUG CREWS DELAY FOREIGN CONTAINER SHIPS</TITLE>
+<DATELINE>    SYDNEY, April 3 - </DATELINE><BODY>Tug crews are preventing the movement of
+foreign-flag container vessels in and out of the ports of
+Sydney, Melbourne and Fremantle, shipping sources said.
+    They said maritime unions imposed bans on late Wednesday
+for reasons that are obscure but seem to be linked with claims
+for a pay rise above the 10 dlrs a week awarded by the
+Arbitration Commission nationally to all workers recently.
+    Only about 10 vessels are being delayed but the bans will
+affect container terminal movements and will disrupt liner
+schedules, they said.
+    The dispute goes to the Commission on Monday, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1731" NEWID="12762">
+<DATE> 3-APR-1987 05:02:45.07</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0304&#31;reute
+u f BC-U.K.-WHEAT-MARKET-EAS   04-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. WHEAT MARKET EASES ON INTERVENTION RELEASE</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>U.K. Domestic wheat markets dropped about
+one stg per tonne early this morning following overnight news
+that the EC is releasing a further 300,000 tonnes of wheat from
+British intervention stores for the home market over a three
+month period.
+    April deliveries of denaturable wheat were offered in East
+Anglia at 124 stg and May at 125 stg per tonne, both one stg
+down on yesterday's traded rates.
+    The market is expecting U.K. Wheat futures to show a
+similar loss at today's opening.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1732" NEWID="12763">
+<DATE> 3-APR-1987 05:05:00.36</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0306&#31;reute
+u f BC-LONDON-COCOA-TRADES-A   04-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON COCOA TRADES AT LOWS BY MIDMORNING</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Cocoa futures fell to session lows by
+midmorning, posting losses from last night of six to two stg a
+tonne in 1987 deliveries, dealers said.
+    Weekend profittaking by jobbers and general book-squaring
+featured the fall which was aided by steady sterling versus the
+dollar and lack of offtake in the physicals market.
+    Dealers said the market was switch and straddle-bound, in
+that any pressure on one particular month was certain to be
+reflected in adjacent deliveries.
+    The undertone, however, remained cautious as operators
+await an eventual start to ICCO buffer stock buying, dealers
+said.
+    The market was originally forecast to open with average
+five stg gains from last night following New York's firmer
+close yesterday, dealers said.
+    But this was largely counter-balanced by currency factors.
+    Near July traded at its session low of 1,327 stg after one
+hour versus 1,333 bid last night and an early high of 1,335.
+    Volume midmorning was 730 lots including 350 lots crossed
+and 108 switches.
+    There was no sign of any origin activity.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1733" NEWID="12764">
+<DATE> 3-APR-1987 05:07:04.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0309&#31;reute
+u f BC-JAPAN-STUDY-URGES-FOR   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN STUDY URGES FOREIGN ACCESS TO FARM MARKETS</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>Japan should increase foreign access to
+its farm products market, while encouraging further development
+of domestic agriculture, a government report said.
+    The white paper on agriculture for the year ended March 31
+said active participation in writing world farm trade rules at
+the next round of General Agreement on Tariffs and Trade (GATT)
+talks will help prepare Japan to improve access.
+    Agriculture Ministry sources said the paper marked an
+easing in Japan's tough position on agricultural imports which
+stressed the need for strict controls on some products to
+maintain self-sufficiency in food.
+    Japan now produces only 30 pct of its annual grain needs,
+down from 61 pct some 20 years ago, official figures show.
+    The paper said Japanese agriculture has been slow to
+improve productivity and demand/supply imbalances.
+    The relative shortage of farmland in Japan is mainly
+responsible for higher domestic prices, it said.
+    The strong yen has meant lower input material prices but
+has also resulted in higher agricultural imports which has
+worsened working conditions among part-time farmers, the paper
+said.
+    This could make it difficult to improve the industry's
+structure, the paper said.
+    To solve these problems and to reduce farm product prices
+to more reasonable levels, Japan should try to restructure the
+the agricultural sector to improve productivity and make it
+self-supporting, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1734" NEWID="12765">
+<DATE> 3-APR-1987 05:11:28.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0319&#31;reute
+b f BC-S.-KOREA-ATTEMPTS-TO   04-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. KOREA ATTEMPTS TO COOL OVER-HEATED STOCK MARKET</TITLE>
+<DATELINE>    SEOUL, April 3 - </DATELINE><BODY>South Korea will press institutional
+investors to sell shares they are holding and oblige them to
+buy monetary stabilisation bonds if they want to make further
+stock investments, a finance ministry spokesman said.
+    He said Finance Minister Chung In-yong, Bank of Korea
+Governor Park Sung-sang and officials of the Securities
+Supervisory Board agreed that the stock market was over-heated
+and decided to take measures to cool it down.
+    Ministry officials said the recent market boom was fuelled
+mainly by ample liquidity and excessive demand from
+institutions and speculative investors.
+    The spokesman said industrial firms with bank loans worth
+50 billion won or more should either issue convertible bonds or
+offer new shares in order to raise funds to help repay their
+loans.
+    Securities houses will not be allowed to hold shares worth
+more than 40 pct of their paid-in capital and investment trust
+firms 50 pct, the spokesman said. But he did not give a
+deadline for compliance. Other insitutitions should also reduce
+the volume of their share-holdings, he added.
+    The composite index, a weighted average of 355 listed
+firms, closed at 398.72 yesterday. It started 1987 at 264.82.
+    The spokesman said industrial firms with bank loans worth
+50 billion won or more should either issue convertible bonds or
+offer new shares in order to raise funds to help repay their
+loans.
+    Securities houses will not be allowed to hold shares worth
+more than 40 pct of their paid-in capital and investment trust
+firms 50 pct, the spokesman said. But he did not give a
+deadline for compliance. Other insitutitions should also reduce
+the volume of their share-holdings, he added.
+    The composite index, a weighted average of 355 listed
+firms, closed at 398.72 yesterday. It started 1987 at 264.82.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1735" NEWID="12766">
+<DATE> 3-APR-1987 05:11:49.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0320&#31;reute
+u f BC-SUZUKI-RECALLS-63,000   04-03 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUZUKI RECALLS 63,000 CARS</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>Suzuki Motor Co Ltd &lt;SZMT> said it is
+recalling about 63,000 of its compact 1,300-cc SA-413 cars.
+    The cars, produced between May 1984 and January 1987, need
+modifications because insufficient space between the fuel tube
+and the cooling fan switching coupler could cause them to catch
+fire under ordinary driving conditions, the spokesman said.
+    Some 53,100 of the cars affected were sold abroad.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1736" NEWID="12767">
+<DATE> 3-APR-1987 05:13:44.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0324&#31;reute
+u f BC-HORIZ0N-AGREES-TO-94.   04-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HORIZ0N AGREES TO 94.8 MLN STG BID FROM BASS</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Bass Plc &lt;BASS.L> and &lt;Horizon Travel
+Plc> said terms have been agreed for an offer worth around 94.8
+mln stg for Horizon by Bass.
+    The offer values each Horizon share at some 0.213 of a Bass
+ordinary share, or 190p. This is based on a price of 892p, the
+Bass share quotation at 1630 gmt on April 2.
+    Horizon said its board and financial advisers consider the
+offer to be fair and reasonable and the board will unanimously
+recommend acceptance to its shareholders.
+    Horizon shares jumped 23p to 188 after the announcement
+while Bass shares dipped 13p to 879.
+    Bass has for some time regarded overseas holidays as an
+area for expansion and in pursuit of this objective, acquired a
+25.6 pct holding in Horizon in 1985 when it set up the jointly
+owned hotel company.
+    Both Bass and Horizon said that Bass's resources will
+enable Horizon's businesses to expand strongly this year.
+    On March 30 Bass said it had agreed to sell its Pontins
+U.K. Holiday camps to a newly formed private company, Pontins
+Ltd, for some 57.5 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1737" NEWID="12768">
+<DATE> 3-APR-1987 05:15:25.68</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0328&#31;reute
+b f BC-ROTTERDAM'S-MAIN-GRAI   04-03 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTTERDAM'S MAIN GRAIN TERMINAL CLOSED BY STRIKE</TITLE>
+<DATELINE>    ROTTERDAM, April 3 - </DATELINE><BODY>Grain handling at Rotterdam port's
+main grain terminal was at a standstill today as members of the
+largest Dutch transport union FNV staged a lightning strike for
+the third day running.
+    Pieter van der Vorm, managing director of Graan Elevator
+Mij (GEM), which handles 95 pct of grain passing through the
+port, said their main Europoort terminal was out of action
+because of a strike by technical staff.
+    The actions, in support of union demands in negotiations
+over a new labour agreement, began on Wednesday when grain
+handlers stopped work.
+    Van der Vorm said that if strikes continued on today's
+scale for some time vessels coming to unload grain in Rotterdam
+would face delays, but this was not happening yet.
+    Wednesday's actions left GEM's facilities 40 pct
+operational, and there were only limited strikes yesterday.
+    Talks between unions and employers yesterday and today
+produced no result, but FNV spokesman Bert Duim said the union
+was prepared to put their key demand, for a 36 hour working
+week, at the bottom of the agenda.
+    Van der Vorm said, however, the union's demands on a range
+of issues were far in excess of the management's final offer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1738" NEWID="12769">
+<DATE> 3-APR-1987 05:15:37.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0329&#31;reute
+u f BC-CITIBANK-AND-TOKYO-SO   04-03 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIBANK AND TOKYO SOGO SIGN RETAIL BANKING ACCORD</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>&lt;Citibank NA> and &lt;Tokyo Sogo Bank Ltd>,
+the largest mutual loan and savings bank in the Tokyo area,
+have signed an agreement to cooperate on retail banking, a
+Tokyo Sogo spokesman said.
+    Citibank, a subsidiary of Citicorp &lt;CCI>, plans to start
+retail banking in Japan and is expected to provide Tokyo Sogo
+with help in this area, he told Reuters.
+    The two banks will exchange customer information and
+cooperate on credit card and foreign exchange business, he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1739" NEWID="12770">
+<DATE> 3-APR-1987 05:18:20.43</DATE>
+<TOPICS><D>pet-chem</D><D>ship</D></TOPICS>
+<PLACES><D>japan</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0332&#31;reute
+u f BC-SOUTH-KOREA-TO-PAY-MO   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA TO PAY MORE FOR JAPANESE ETHYLENE</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>South Korea will pay about 20 pct more for
+ethylene imported from Japan in the second quarter of the year
+because increased plastic production in both countries has
+boosted demand and tightened supplies, chemical industry
+sources said.
+    South Korea has agreed to pay Japanese trading houses just
+over 400 dlrs C and F per tonne, up from an average of 350 dlrs
+in the first quarter and throughout 1986, they said.
+    South Korean demand for imported ethylene this month has
+risen to 17,000 tonnes from 10,000 last month, and the country
+may face difficulties covering the extra volume, they said.
+    &lt;Korea Petrochemical Industries Corp>, a producer of high
+density polyethylene (HDPE) and polypropylene, will more than
+double its ethylene requirements to 9,000 tonnes a month from
+4,000 when it completes a plant expansion at the end of this
+month, the sources said.
+    &lt;Honan Ethylene Corp's> import requirements have risen to
+8,000 tonnes a month from 6,000 tonnes last year to meet strong
+demand from &lt;Honan Petrochemical Co>, which makes HDPE and
+ethylene glycol, and &lt;Hangyang Chemical>, which produces
+low-density polyethylene and vinyl chloride monomer, they said.
+    But Japan's ethylene plants are already operating at almost
+full capacity of 4.5 mln tonnes a year just to fulfill domestic
+demand, the sources said.
+    "And even if Japan had the additional ethylene, there is a
+logistical problem of finding extra appropriate-sized vessels
+to ship it to Korea," said one trading house source.
+    Japanese trading companies are looking to alternative
+sources to supply South Korea's needs, including Saudi Arabia,
+Qatar and Mexico, they said.
+    But long-haul voyages are expensive as the product has to
+be shipped at a temperature of minus 103 degrees centigrade to
+keep it in a liquid form, they said.
+    Japan has no plans to invest further in the ethylene
+industry in order to cope with the additional demand, despite
+rising prices, trading house sources said.
+    South Korea has two projects in hand which will increase
+its ethylene production capacity by 500,000 tonnes a year by
+the end of 1989, so the strong demand surge for imports is only
+a medium-term trend, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1740" NEWID="12771">
+<DATE> 3-APR-1987 05:20:37.17</DATE>
+<TOPICS><D>cpi</D><D>gnp</D><D>ipi</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0339&#31;reute
+u f BC-SWISS-1988-INFLATION   04-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS 1988 INFLATION SEEN AT TWO PCT - INSTITUTE</TITLE>
+<DATELINE>    ZURICH, April 3 - </DATELINE><BODY>Swiss inflation is likely to rise in 1987
+and 1988 because of inflationary tendencies in the domestic
+economy, the Centre for Economic Research of the Federal
+Institute of Technology said in its spring review.
+    It forecast a rise in consumer prices of two pct in 1988
+compared with 1.3 pct in 1987. Low import prices in 1986 helped
+to keep annual inflation down to 0.8 pct.
+    The centre said that in general the outlook for the Swiss
+economy in 1987 and 1988 remained favourable, despite the more
+difficult international economic climate facing export
+industry.
+    The centre repeated its previous forecast that growth in
+Swiss domestic product would slow to 2.2 pct in 1987 from 2.5
+pct in 1986. It revised its forecast for 1988 GDP growth to 1.7
+pct from 1.6 pct in its last autumn review.
+    Domestic demand will continue to replace exports as the
+motor of economic growth. Private consumption will grow by
+three pct in 1987 and two pct in 1988 against 3.75 pct in 1986.
+    Growth in goods exports will slow to 1.75 pct in 1987 from
+2.1 pct in 1986 but pick up slightly to 2.5 pct in 1988. All
+three figures are well below the Swiss average for recent
+years. In 1985, for example, exports increased by 9.1 pct.
+    The centre said the strength of the Swiss franc, which has
+firmed sharply in recent months, would continue to put pressure
+on Swiss exporters.
+    It forecast that imports of goods would grow by a more
+modest 4.5 pct in 1987 and 3.25 pct in 1988 than in 1986, when
+import prices fell substantially and imports rose by 8.2 pct.
+    Industrial production will grow by 1.6 pct in 1987 and 1.2
+pct in 1988 compared with 4.2 pct in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1741" NEWID="12772">
+<DATE> 3-APR-1987 05:21:24.72</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0342&#31;reute
+u f BC-LONDON-SUGAR-TRADES-A   04-03 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SUGAR TRADES AT SESSION HIGHS BY MIDMORNING</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Raw sugar futures firmed to session highs
+by midmorning, securing gains from last night's basically
+steady close of 1.00 to 1.80 dlrs a tonne in a 166 lot volume.
+    Shortcovering against an oversold situation continued to
+play a part in the extended rally with unsettled dollar rates
+versus sterling providing additional support.
+    Recent and prospective whites buying in the world market
+was supportive but the raws section lacked feature, dealers
+said.
+    India and Egypt bought white sugar this week while next
+week sees tenders by Pakistan, Greece and Syria, they said.
+    May was at 154 dlrs from 152.80 asked last night.
+    All London Daily prices rose two dlrs a tonne on tone.
+    The Raws price was set at 150 dlrs Fob and 173 dlrs (107.50
+stg) Cif.
+    The Whites price was at 192 dlrs from 190 yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1742" NEWID="12773">
+<DATE> 3-APR-1987 05:22:22.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0343&#31;reute
+u f BC-REAGAN'S-STRENGTH-IN   04-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN'S STRENGTH IN U.S. CONGRESS APPEARS SAPPED</TITLE>
+<AUTHOR>    By Michael Gelb, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>President Reagan's reduced strength
+in Congress has been demonstrated by the U.S. Senate's decision
+to approve a highway spending bill despite his attempts to veto
+it, political analysts said.
+    "He's very weakened," said William Schneider of the private
+American Enterprise public policy group after the Senate voted
+67-33 yesterday to ignore Reagan's veto of the road bill.
+    Schneider contrasted Reagan's failure with his previous
+ability to win clear majorities on major issues.
+    Sustaining his veto required him to win just one-third of
+the votes in either house of Congress.
+    It was the third consecutive fight over a presidential veto
+on which Congress had defied Reagan, whose clout with the
+legislature has been greatly diminished by the arms-for-Iran
+scandal and the capture of a majority in the Senate by the
+opposition Democratic party in the November 1986 election.
+    Congress overrode Reagan's veto of a popular water projects
+bill in January and last autumn Congress rejected his veto of
+economic sanctions against South Africa.
+    But this time the president laid his full authority on the
+line, even making a rare journey to Capitol Hill to plead for
+support in person.
+    With both the House and Senate in Democratic hands,
+analysts say Reagan is swiftly becoming a lame duck, facing
+difficulties in enacting his own legislative agenda, especially
+given the furore over the Iran arms deal.
+    The situation contrasts with Reagan's first six years in
+office when a Republican-controlled Senate and the backing of
+conservative Democrats in the House enabled Reagan to win
+passage of most of his legislative priorities.
+    Reagan's ability to veto legislation he dislikes had been
+his strongest weapon in dealing with Congress, but his defeat
+on the highway bill was expected to reduce the credibility of
+his veto power.
+    Senator John Chafee, a Rhode Island Republican, told the
+New York Times earlier this week that if Reagan lost "there will
+be no brake on -- if you suggest a presidential veto you will
+be laughed away."
+    Yesterday's defeat came two days after the House of
+Representatives' overwhelming rejection of a presidential veto
+on the highways bill by 350 votes to 73.
+    White House strategists had presented the veto fight as a
+test of Reagan's strength as he attempted to recover from the
+scandal over secret arms sales to Iran.
+    Senate Republican leader Robert Dole of Kansas pleaded with
+fellow party members to back Reagan because "this may determine
+the strength of the presidency for the next 21 months."
+    The defeat showed the problems facing any president in his
+final years in office. Reagan's term expires in January 1989.
+    A majority of Republicans in the House of Representatives
+and 13 in the Senate apparently decided their own political
+concerns have become more important than the president's.
+    "President Reagan, he ain't going to be running in 1988, but
+I am," Congressman Arthur Ravenel, a South Carolina Republican,
+said on Tuesday of his decision to back a bill that means money
+and jobs for his home district in new highway construction.
+    The defeat interrupted a good streak for Reagan, who won
+applause for his selection in February of former Senate
+majority leader Howard Baker to replace Donald Regan as White
+House chief of staff, and was believed by most political
+analysts to have benefitted from a televised speech and a news
+conference on the Iran affair last month.
+    A steady drop in Reagan's job approval ratings appeared to
+level off in recent weeks. The president slumped from about 65
+pct last autumn to about 42 pct after the Tower Commission
+report in February said he had failed to exercise proper
+control over the dealings with Iran.
+    His approval rating hovers at 50 pct.
+    Reagan said he was deeply disappointed by the Senate defeat
+but "my efforts to control spending are not diminished."
+    Democratic leader Robert Byrd said "this isn't going to make
+or break the president."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1743" NEWID="12774">
+<DATE> 3-APR-1987 05:36:28.16</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0360&#31;reute
+b f BC-BELGIUM-CUTS-TREASURY   04-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM CUTS TREASURY CERTIFICATE RATES</TITLE>
+<DATELINE>    BRUSSELS, April 3 - </DATELINE><BODY>The Belgian National Bank cut interest
+rates on one, two and three-month treasury certificates to 7.30
+pct from 7.40 pct effective immediately, the bank said in a
+telex message.
+    The Bank last adjusted its short-term treasury certificate
+rates on March 23, when it also reduced rates for all three
+periods by 0.10 points.
+    A National Bank spokesman said the latest adjustment would
+bring the rates closer in line with currently prevailing
+interbank interest rates.
+    The spokesman said it was too early to predict whether the
+move would herald a reduction in discount rate, which currently
+stands at eight pct, when the Bank holds its regular weekly
+meeting at which the rate is discussed next Wednesday.
+    The discount rate generally moves in tandem with the
+three-month treasury certificate rate. However, there is no
+formal link and the discount rate was not adjusted following
+the March 23 changes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1744" NEWID="12775">
+<DATE> 3-APR-1987 05:43:59.11</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>sweden</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0371&#31;reute
+u f BC-CLOSURE-OF-BP-SWEDEN   04-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLOSURE OF BP SWEDEN REFINERY FORECAST</TITLE>
+<DATELINE>    STOCKHOLM, April 3 - </DATELINE><BODY>A Swedish Finance Ministry committee
+forecast that British Petroleum Plc &lt;BP.L> may have to close
+its refinery in Gothenburg because of an anticipated worsening
+of the Swedish petroleum industry's competitiveness.
+    It said in a report that the future of the Swedish refining
+business was bleak due to the steady drop in domestic oil
+consumption since the mid-1970s, a possible tightening of rules
+on sulphur content and competition from Norway's Mongstad
+facility of &lt;Den Norske Stats Olieselskab> (Statoil) &lt;STAT.OL>
+when its expansion is completed in the 1990s.
+    The committee said the BP refinery, which lacks a
+de-sulphurisation plant, was likely to be closed or sold unless
+costly investments were made to enhance the facility's capacity
+to refine a broader range of products.
+    But the committee noted that capacity utilisation had in
+recent years been above that of the European refining industry
+on average. The BP plant, in which Sweden's state-owned &lt;OK
+Petroleum AB> has a 22 pct, started up in 1967 and has an
+annual capacity of 4.7 mln tonnes.
+    There was nobody at British Petroleum immediately available
+for comment.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1745" NEWID="12776">
+<DATE> 3-APR-1987 05:48:33.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0380&#31;reute
+u f BC-JAPAN-DENIES-CHIP-MAR   04-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DENIES CHIP MARKET DOMINATION CHARGES</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>A top Japanese official has insisted that
+the country was living up to its microchip pact with the US.
+    "It cannot be thought, nor should it be thought, we are
+trying to dominate semiconductors," Ministry of International
+Trade and Industry (MITI) vice minister Makoto Kuroda said in a
+newspaper interview.
+    Kuroda, who will head a Japanese team going to Washington
+next week for emergency talks on semiconductors, told the Tokyo
+Shimbun that he would try his best to convince the United
+States of Japan's case. 
+    Washington last week announced an imposition of tariffs on
+Japanese electronic products in retaliation for what it sees as
+Tokyo's failure to abide by the pact. Under the agreement Japan
+would stop selling cut-price chips in world markets and try to
+buy more American chips.
+    Kuroda told the newspaper that Tokyo has already taken
+measures to back up the pact, including production cutbacks.
+    While Japanese users are trying to increase chip imports,
+Tokyo cannot guarantee the United States a specified share of
+what in Japan is a free market, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1746" NEWID="12777">
+<DATE> 3-APR-1987 05:52:39.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>bse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0386&#31;reute
+u f BC-BELGIAN-BOURSE-PREPAR   04-03 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN BOURSE PREPARES FOR SECOND BIG FLOTATION</TITLE>
+<AUTHOR>    By Gerrard Raven, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, April 3 - </DATELINE><BODY>Investors on the Brussels bourse who
+flocked to participate in the flotation of shares in glassmaker
+&lt;Glaverbel SA> may be rather more cautious when the offer of
+three million new shares in Belgian sugar refiner &lt;La
+Raffinerie Tirlemontoise SA> takes place next month, analysts
+said.
+    This is mainly because Raffinerie Tirlemontoise is in the
+relatively static sugar market, they added. The Glaverbel issue
+of 755,000 shares at 1,850 francs each was more than 100 times
+oversubscribed and analysts said this showed that there will be
+no lack of liquidity for the sugar refiner's offer. 
+    He declined to say at what price the new shares will be
+offered when they are floated between May 5 and 15, saying
+Belgium's Banking Commission has yet to approve arrangements.
+    However, analysts said local press speculation that the
+price would be between 1,500 and 1,800 francs appeared not too
+far from the mark.
+    Although the bourse saw some selling recently because of
+international factors, the key Belgian cash market index closed
+yesterday at 4,436.05 against 3,582.17 a year ago, a rise which
+has been fuelled in part by increasing international interest.
+REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1747" NEWID="12778">
+<DATE> 3-APR-1987 06:01:38.48</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>ussr</D><D>china</D><D>cuba</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0394&#31;reute
+u f BC-RECENT-SUGAR-FALL-SPA   04-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECENT SUGAR FALL SPARKS SOVIET, CHINESE BUYING</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The recent fall in world sugar prices,
+due to increased producer pricing sales and evidence of export
+availability, has encouraged renewed buying interest from China
+and the Soviet Union, London trade house E.D.And F. Man said.
+    Further purchases are expected by the Peoples Republic of
+China at the lower end of the recent price range, which should
+limit the downside movement, it said in its latest monthly
+market report.
+   "And it is believed that the Soviet Union will need to return
+to the market to take a further 250,000/350,000 tonnes for
+May/June shipment, Man added.
+    The Soviets purchased five cargoes of raws for April/May
+shipment towards the end of last month, which brings its total
+purchases to around 1.65 mln tonnes, Man said.
+    Production estimates for the Thai crop now exceed 2.3 mln
+tonnes and the final outturn appears set to reach around 2.5
+mln tonnes. However, this upturn in the Thai crop is being
+countered by a reduction in China's production forecast to 5.3
+mln tonnes from 5.5 mln estimated earlier.
+    Market participation by Cuba suggests that its crop could
+be close to last year's 7.3 mln tonnes. But even with similar
+production Man expects Cuban exports to be significantly down.
+    Cuba was reported to be carrying 1.3 mln tonnes of stocks
+in September 1985, of which some 440,000 tonnes were used to
+boost its 1985/86 exports to about 6.9 mln. But as it will not
+be able to draw on surplus stocks this year, Man estimates
+Cuba's export availabilty will be reduced to 6.4 to 6.5 mln
+tonnes.
+    However, Cuba is only one of a large number of exporters
+with reduced availability, Man said.
+    Since 1980 the total free market export supply has fallen
+to 18 mln from about 22 mln tonnes. But at the same time free
+market demand has also fallen by almost the same amount, which
+has left exporters chasing falling import requirements.
+    A fairly tight balance now appears to have emerged. But the
+difficult task of keeping production advances at bay still
+remains, as at least one more season of production deficit is
+needed to eliminate some of the remaining surplus stocks still
+overhanging the market, Man said.
+    The increasing cases of record production as a result of
+record yields and better husbandry have forced sugar producers
+to strive for greater efficiency.
+    As this increase in efficiency reduces the marginal cost of
+production, sugar exporters may become more responsive to
+prices and in particular to upward price movements, Man said.
+    Commenting on the current row between the EC Commission and
+sugar producers, Man said despite the recent improvement in the
+level of restitutions, they are still insufficient to fully
+compensate producers when exporting on the world market.
+    Unless there are further improvements, at least some sugar
+is expected to remain in intervention, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1748" NEWID="12779">
+<DATE> 3-APR-1987 06:06:18.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0405&#31;reute
+u f BC-AEG-TO-WORK-WITH-INTE   04-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEG TO WORK WITH INTEL ON AUTOMATION DEVELOPMENT</TITLE>
+<DATELINE>    HANOVER, West Germany, April 3 - </DATELINE><BODY>AEG AG &lt;AEGG.F> said it
+will cooperate with Californian-based INTEL Corp &lt;INTC> on the
+development of automation systems.
+    The cooperation will centre on a new real-time operation
+system with 32-bit microprocessors for the solution of
+automation problems in production and processing technology as
+well as energy supply, AEG said at the Hanover trade fair.
+    AEG will restructure its hardware division from July 1,
+calling it &lt;MODCOMP GmbH>. It is expected to have sales of 200
+mln marks in 1987 and will include AEG's 100 pct takeover of
+&lt;Modular Computer Systems Inc> and &lt;ATM Computer GmbH>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1749" NEWID="12780">
+<DATE> 3-APR-1987 06:07:23.44</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0409&#31;reute
+b f BC-NO-INTERVENTION,-DOLL   04-03 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO INTERVENTION, DOLLAR FIXED AT 1.8162 MARKS</TITLE>
+<DATELINE>    FRANKFURT, April 3 - </DATELINE><BODY>The Bundesbank did not intervene as
+the dollar was fixed lower at 1.8162 marks after 1.8270
+yesterday, dealers said.
+    The dollar firmed slightly from its opening 1.8135/45 marks
+in very quiet pre-weekend trading and dealers said they
+expected business to remain thin this afternoon.
+    "Trading is at an absolute nil, nobody wants to get involved
+ahead of next week's meetings," one dealer with a U.S. Bank
+said, referring to the Group of Seven industrial nations and
+the International Monetary Fund meetings in Washington.
+    Dealers saw the dollar staying at current levels but
+possibly rising above 1.83 marks on any supporting remarks
+emerging from the meetings. "But the dollar's medium-term
+direction is soft," one dealer said.
+    The dollar could well come under renewed pressure after the
+international forums as attention returned to the U.S. And the
+U.K.'s trade dispute with Japan, dealers said.
+    Cross currency trading was also subdued though sterling's
+rise above 1.60 dlrs helped it to firm against the mark. It was
+fixed higher at 2.924 marks after yesterday's 2.910.
+    The pound was seen staying between 2.90 and 2.93 marks for
+the next days, dealers said.
+    Eurodollar deposit rates were steady from this morning,
+with six month funds unchanged at midpoint 6-11/16 pct. Six
+month euromarks stayed at midpoint 3-7/8 pct.
+    The Swiss franc firmed to 119.86 marks per 100 at the fix
+from 119.71 yesterday and the yen rose to 1.244 marks per 100
+from 1.243.
+    The French franc was little changed at 30.050 marks per 100
+after 30.055 yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1750" NEWID="12781">
+<DATE> 3-APR-1987 06:08:36.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0413&#31;reute
+u f BC-GEC-WINS-ROBOTS-ORDER   04-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEC WINS ROBOTS ORDER FROM USSR</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The General Electric Co Plc &lt;GECL.L> said
+its Electrical Projects division had won an initial 2.5 mln stg
+order to supply robots to the Soviet motor industry.
+    Eighteen paint-spraying robots will be installed at the Gaz
+truck and car plant in Gorky, GEC said in a statement. If the
+factory standardised on the GEC product, further orders for up
+to 80 more robots could be expected, it added.
+    Division engineering director Alan Davies said he expects
+further agreements soon with the Soviet machine tool and
+chemical equipment industries. These would cover the part
+manufacture of 100 to 200 GEC robots per year in the USSR.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1751" NEWID="12782">
+<DATE> 3-APR-1987 06:09:42.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0415&#31;reute
+u f BC-KEPPEL-RAISES-BOND-IS   04-03 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEPPEL RAISES BOND ISSUE TO 75 MLN DLRS</TITLE>
+<DATELINE>    SINGAPORE, April 3 - </DATELINE><BODY>Keppel Corp Ltd &lt;KPLM.SI> said it has
+decided to increase its convertible bond issue to 75 mln U.S.
+Dlrs from 60 mln following overwhelming response since its
+launch on March 24.
+    "This clearly reflects the confidence investors have in the
+Keppel group. The bond will improve the group's debt structure
+significantly," Keppel chairman Sim Kee Boon said.
+    When the bonds are converted, Keppel's debt and interest
+expense will be further reduced and place the group in a much
+better financial position to expand and diversify its
+activities, Sim said.
+    The 10-year bonds, issued at par, will carry a four pct
+annual interest and will be convertible at 3.12 Singapore dlrs
+per one-dlr share in Keppel.
+    The issue is lead-managed by &lt;Morgan Grenfell and Co Ltd>
+with &lt;Daiwa Singapore Co Ltd> and &lt;Morgan Grenfell (Asia) Ltd>,
+and is syndicated among leading domestic and international
+banks and securities houses.
+    Last month, Keppel reported a group net profit of 5.1 mln
+Singapore dlrs for the year ended December 31, 1986 against a
+loss of 129.6 mln dlrs in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1752" NEWID="12783">
+<DATE> 3-APR-1987 06:10:40.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0417&#31;reute
+u f BC-HINDUSTAN-LEVER-PROFI   04-03 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HINDUSTAN LEVER PROFITS RISE FOR 1986</TITLE>
+<DATELINE>    BOMBAY, April 3 -
+    </DATELINE><BODY>Shr 8.4 rupees vs seven
+    Pretax profit 650.7 mln vs 555.6 mln
+    Net profit 390.7 mln vs 325.6 mln
+    Sales 8.24 billion vs 7.07 billion
+    Div 34 pct vs 30 pct
+    Tax 260 mln vs 230 mln
+    Dividend payable on June 3
+    The company is 51 pct subsidiary of Unilever Plc.The full
+name of the company is HINDUSTAN LEVER LTD &lt;HINU.BO>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1753" NEWID="12784">
+<DATE> 3-APR-1987 06:13:17.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D><D>fernandez</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0420&#31;reute
+u f BC-PHILIPPINES-SAYS-DEBT   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES SAYS DEBT PACT "BETTER THAN MEXICO'S'</TITLE>
+<DATELINE>    MANILA, April 3 - </DATELINE><BODY>Central bank governor Jose Fernandez said
+the 10.3 billion dlr debt restructuring package he and Finance
+Secretary Jaime Ongpin negotiated with the Philippines'
+commercial creditors was better than Mexico's.
+    "I think we got a better deal. It was really an enormous
+drop, a reduction in rates and that to me is the critical
+element," he told Reuters.
+    He was reacting to comments by local economists who said
+Manila's debt accord was no better than Mexico's, which had won
+a 20-year repayment, including a seven-year grace last year at
+13/16 points over London interbank offered rates (Libor).
+    The Philippines clinched a repayment of 17 years, including
+a grace period of 7-1/2 years on 10.3 billion dlrs of its total
+debt of 27.8 billion.
+    But Fernandez said what was more significant was that
+Manila came down from 1-7/8 on the new money and 1-5/8 on the
+restructured debt to 7/8 points. Mexico, on the other hand
+dropped to 13/16 from 14/16.
+    "They got a 1/16 reduction. We got almost a one percentage
+point reduction," he said.
+    Asked why some features of the debt agreement such as the
+token prepayments of principal were not made public
+immediately, he said "These are very long documents and in a
+press statement you can only cover the key points. But these
+will be made available to you."
+    Ongpin confirmed on Tuesday that a Reuter report from New
+York that Manila will pay its commercial creditors 111 mln dlrs
+over 1987-1989 was accurate.
+    He omitted the token prepayments in previous announcements
+but said there was nothing secret about them.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1754" NEWID="12785">
+<DATE> 3-APR-1987 06:20:21.87</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0428&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   04-03 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT REVISED UPWARD</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The Bank of England said it has revised
+its estimate of today's shortfall to 750 mln stg from 700 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1755" NEWID="12786">
+<DATE> 3-APR-1987 06:23:11.30</DATE>
+<TOPICS><D>veg-oil</D><D>soy-oil</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0430&#31;reute
+u f BC-INDIA-BUYS-VEGETABLE   04-03 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA BUYS VEGETABLE OILS, PAKISTAN TO RETENDER</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The Indian State Trading Corporation
+(STC) bought 20,000 tonnes of optional origin soybean oil and
+6,000 tonnes of rbd palm olein at its import tender yesterday,
+traders said.
+    Pakistan, however, rejected offers at its tender for 12,000
+tonnes of rbd palm oil, but is expected to reenter the market
+next week, they said.
+    The STC soyoil purchase was for May 20/Jun 20 shipment at
+319 dlrs per tonne cif and the palm olein for Apr 25/May 25
+shipment at 355 dlrs per tonne.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1756" NEWID="12787">
+<DATE> 3-APR-1987 06:26:31.97</DATE>
+<TOPICS><D>soy-meal</D><D>meal-feed</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0434&#31;reute
+r f BC-DUTCH-SOYMEAL-IMPORTS   04-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH SOYMEAL IMPORTS FALL IN JANUARY</TITLE>
+<DATELINE>    HEERLEN, Netherlands, April 3 - </DATELINE><BODY>Dutch soymeal imports fell
+to 75,500 tonnes in January from 97,070 in December and 120,228
+in January 1986, Central Bureau of Statistics figures show.
+    The U.S. Was the largest supplier in January with 38,760
+tonnes, down from 46,899 in December and 63,111 in January
+1986.
+    Brazil supplied 1,263 tonnes in January, down from 7,411 in
+December and 27,088 in January 1986.
+    Dutch imports of Argentine soymeal in January were 34,663
+tonnes, down from 41,365 tonnes in December but above the
+13,375 tonnes in the year ago month.
+    Total Dutch exports of soymeal in January were 128,015
+tonnes, down from 133,559 tonnes in December and 155,050
+exported in January 1986.
+    European Community countries were the main destinations for
+Dutch soymeal exports with 102,355 tonnes compared with 124,026
+in December and 116,080 in January 1986.
+    Among third country destinations, the Soviet Union was the
+largest costumer in January, taking 11,985 tonnes compared with
+nil in December and 26,074 tonnes in January 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1757" NEWID="12788">
+<DATE> 3-APR-1987 06:27:10.14</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0436&#31;reute
+r f BC-SPAIN-REVISES-ECONOMI   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN REVISES ECONOMIC TARGETS FOR 1987</TITLE>
+<DATELINE>    MADRID, April 3 - </DATELINE><BODY>Spain has revised some of its main
+economic targets for 1987 after studying the performance of the
+economy in the first quarter, the economy ministry said in its
+monthly bulletin.
+    Internal demand is now forecast to rise four pct against a
+previous target of 3.5 pct.
+    Mariano Rubio, governor of the Bank of Spain, the central
+bank, yesterday said internal demand was currently growing at
+an annual rate of six pct and it had to be brought down to four
+pct if the government were to meet its five pct inflation
+target this year. Inflation was 8.3 pct in 1986.
+    The forecast for private consumption growth remains
+unchanged at three pct, although public consumption is revised
+upwards to 2.5 pct from 2.0 pct.
+    Growth in domestic demand will fuel imports, expected to
+increase by 8.6 pct against an originally estimated 7.1 pct.
+    Export growth has been revised downwards to 3.7 pct from
+5.2 pct due to the peseta's continuing strength against the
+dollar and slack external demand.
+    Slow growth of exports and a tight rein on state spending
+has lowered estimated GDP growth to three pct in 1987 from an
+earlier forecast 3.5 pct. GDP grew by three pct last year.
+    The economy ministry is holding its inflation forecast to
+five pct, in spite of minister Carlos Solchaga's doubts last
+week on whether this target could be maintained if wage
+settlements continue to rise above the government's recommended
+five pct ceiling.
+    Unions and employers dispute the average wage increases
+agreed so far this year. Trade unions calculate wage
+settlements have produced average rises of 7.3 pct against 5.5
+pct estimated by the employers' federation CEOE.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1758" NEWID="12789">
+<DATE> 3-APR-1987 06:48:12.65</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0465&#31;reute
+b f BC-U.K.-MONEY-MARKET-REC   04-03 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET RECEIVES 170 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The Bank of England said it has operated
+in the money market this morning, purchasing 170 mln stg bank
+bills. This compares with the Bank's revised estimate of a 750
+mln stg shortfall. In band two the Bank bought 72 mln stg at
+9-13/16 pct, in band three 52 mln at 9-3/4 pct and in band four
+46 mln at 9-11/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1759" NEWID="12790">
+<DATE> 3-APR-1987 06:57:20.23</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0475&#31;reute
+u f BC-BEGHIN-SAY-NOT-PLANNI   04-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEGHIN-SAY NOT PLANNING TO WITHDRAW SUGAR</TITLE>
+<AUTHOR>    By Audrey Stuart, Reuters</AUTHOR>
+<DATELINE>    PARIS, April 3 - </DATELINE><BODY>French sugar producer Beghin-Say is not
+currently planning to withdraw the sugar it has placed into
+intervention, despite the exceptionally high rebate awarded at
+this week's European Community (EC) sugar tender, Beghin-Say
+President Jean-Marc Vernes told Reuters.
+    The maximum rebate of 46.864 Ecus per 100 kilos on
+Wednesday was the largest ever granted, according to traders.
+    Vernes said he was satisfied the European Commission has
+started to move in the right direction, but said his company
+had no plans to change its decision to put sugar into
+intervention.
+    But Vernes said he hoped that in the next few weeks a final
+agreement would be reached with the commission which would
+allow operators to withdraw the sugar from intervention.
+    European operators offered 854,000 tonnes of sugar into
+intervention to protest about export rebates which they say are
+too low. Over 785,000 tonnes of this sugar was accepted by the
+commission on Wednesday, according to commission sources.
+    Under EC regulations, however, operators have another four
+to five weeks to withdraw the sugar from intervention before
+payment is made for it.
+    A total of 706,470 tonnes of French sugar and 79,000 tonnes
+of West German sugar has been accepted into intervention, trade
+sources said here. This amount represents about a third of
+annual EC exports to non-EC countries.
+    Beghin-Say declined to specify the amount of sugar it had
+offered into intervention, but said it was below 500,000
+tonnes.
+    Producers say they have been losing 2.5 to 3.0 Ecus on
+every 100 kilos exported due to the failure of rebates to fully
+bridge the gap between EC and world prices. Wednesday's rebate
+was 0.87 Ecus short of what producers say is needed to get an
+equivalent price to that for sales into intervention, traders
+said.
+    Vernes said operators hope to get a rebate which equates to
+the full intervention price and said Wednesday's tender was a
+step in the right direction.
+    Sugar producers here said the volume of sugar authorised
+for export since the begining of the current campaign had been
+inadequate and that more should be exported now to compensate.
+    Trade sources said new regulations governing export
+rebates, which are due to be adopted shortly, may smooth the
+path for the commission to award larger export rebates in
+future.
+    One source at a leading French sugar house said it seemed
+the commission had understood the protest action and was now
+moving towards adapting the situation accordingly, thereby
+allowing the operators to withdraw their sugar from
+intervention once they got satisfaction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1760" NEWID="12791">
+<DATE> 3-APR-1987 07:03:10.85</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0481&#31;reute
+b f BC-STOLTENBERG-SAYS-PARI   04-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG SAYS PARIS ACCORD POLICY TO CONTINUE</TITLE>
+<DATELINE>    BONN, April 3 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg said the currency agreement reached in Paris in
+February had been successful and would be continued.
+    Stoltenberg told journalists before he attends next week's
+International Monetary Fund meeting in Washington that: "The ...
+Strategy to stabilise currencies around current levels has
+proven its worth and will also determine future developments."
+    Stoltenberg declined to comment specifically on what he
+would consider to be an undervalued dollar but said a dollar
+around 1.80 marks created problems for West Germany's exports.
+    Stoltenberg said studies by international organisations had
+made it clear that especially in the U.S. And in Japan major
+efforts remained necessary to support adjustments in foreign
+trade balances via necessary corrections to economic policy.
+    "No-one would benefit if, after years of over-valuation, the
+U.S. Dollar fell into the other extreme, that is, strong
+under-valuation," he said.
+    Stoltenberg said West Germany had a keen interest in a
+swift agreement between the U.S. And Japan concerning the
+current trade dispute over semi-conductors.
+    Asked whether he believed the markets would test the Paris
+currency accord, Stoltenberg did not comment specifically but
+noted that much of what had been discussed in Paris had not
+been published.
+    The Paris declaration did not state the levels at which
+central banks of the major industrialised countries would
+intervene.
+    Stoltenberg said that everything had been carefully
+considered. He said he had nothing further to add.
+    Stoltenberg also appeared to suggest that West Germany was
+now no longer under any pressure from the U.S. Government to
+stimulate its economy.
+    He declined to respond specifically to a question on this
+subject but said, "You must attach particular importance to the
+consensus which was reached in Paris."
+    The minister nevertheless added that he would make clear
+during his trip to Washington that West Germany's nominal trade
+figures gave a false impression about actual trade flows.
+    Stoltenberg noted that in 1986 Bonn's exports fell by a
+nominal two pct while its nominal imports fell by 10.7 pct.
+West Germany's imports dropped largely because of foreign
+currency developments and the cheaper price of oil and led to a
+record trade surplus last year.
+    However, Stoltenberg said that in real terms West Germany's
+exports by volume had increased by 1.5 pct while real imports
+had risen by a much stronger 6.2 pct.
+    In this way West Germany had made its contribution to
+economic stability, Stoltenberg added.
+    Stoltenberg noted the government expected imports to rise
+by a real four to five pct in 1987 with exports stagnating.
+    He said it was too early to revise official forecasts for
+West Germany's economic growth this year. The government has
+forecast an unchanged 2.5 pct rise in Gross National Product.
+    The Kiel Institute, a leading research body, is still
+expecting growth of three pct but some other research
+institutes have revised forecasts down to below two pct.
+Stoltenberg said the wide range of predictions showed how many
+imponderables had to be taken into account and said no drastic
+changes in official forecasts were needed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1761" NEWID="12792">
+<DATE> 3-APR-1987 07:08:11.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0491&#31;reute
+r f BC-MIYAZAWA,-BAKER-TALKE   04-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA, BAKER TALKED RECENTLY OVER TELEPHONE</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said he
+recently talked with U.S. Treasury James Baker over the
+telephone, but declined to say what was discussed.
+    Miyazawa told reporters he talks with the U.S. Treasury
+Secretary from time to time on economic issues.
+    The Yomiuri Shimbun daily newspaper reported Baker called
+Miyazawa early this week to warn him next week's Group of Seven
+talks would not be a success unless Japan expands domestic
+demand. The newspaper quoted ruling Liberal Democratic Party
+(LDP) sources.
+    Miyazawa told reporters the LDP will come up with a draft
+economic package to stimulate the economy before he leaves next
+week for Washington.
+    The Finance Minister leaves on April 7 to attend the IMF
+and World bank meetings.
+    Miyazawa did not say what would be in the LDP package.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1762" NEWID="12793">
+<DATE> 3-APR-1987 07:09:06.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<TEXT TYPE="UNPROC">&#2;
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1763" NEWID="12794">
+<DATE>  3-APR-1987 07:09:42.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0496&#31;reute
+u f BC-MOSCOW-STAGES-NUCLEAR   04-03 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOSCOW STAGES NUCLEAR TEST</TITLE>
+<DATELINE>    MOSCOW, April 3 - </DATELINE><BODY>The Soviet Union conducted an underground
+nuclear test aimed at perfecting military techology, the
+official news agency Tass reported.
+    Tass said the test was carried out at 0120 gmt at the
+Semipalatinsk testing ground in Kazakhstan, Soviet Central
+Asia.
+    It was the third Soviet underground blast since Moscow
+halted an 18-month nuclear test moratorium last February,
+saying Washington's refusal to join the ban had forced it to
+resume testing.
+    Moscow began its unilateral nuclear test moratorium in
+August 1985, calling on the United States to agree to a total
+ban on testing as the first step to nuclear disarmament.
+    Last December it announced that it would end the freeze
+after the first U.S. Test this year.
+    Washington had continued testing, saying the blasts were
+necessary to maintain its nuclear deterrent and that problems
+remained concerning the monitoring of a test freeze.
+    The United States staged one test on February 3 and another
+on February 11. Moscow responded with a blast on February 26
+and a second on March 12.
+    Soviet officials and the state media blamed the resumption
+of testing on the U.S. Decision not to join the freeze.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1764" NEWID="12795">
+<DATE> 3-APR-1987 07:10:10.06</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0500&#31;reute
+r f BC-JAPAN-ASKS-BANKS-TO-C   04-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN ASKS BANKS TO CUT DOLLAR SALES - DEALERS</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>The Finance Ministry has asked Japanese
+commercial banks to moderate their dollar sales, bank dealers
+said.
+    They said the Ministry had telephoned city and long-term
+banks earlier this week to make the request.
+    One dealer said this was the first time the Ministry had
+made such a request to commercial banks.
+    Finance Ministry officials were unavailable for immediate
+comment. Dealers said the Ministry has already asked
+institutional investors to reduce their sales of the dollar.
+   REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1765" NEWID="12796">
+<DATE> 3-APR-1987 07:14:06.21</DATE>
+<TOPICS><D>gold</D><D>silver</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f0512&#31;reute
+r f BC-cbt-s'meal-delvy-locs   04-03 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT METALS/FINANCIALS DELIVERY LOCATIONS</TITLE>
+<DATELINE>    Chicago, April 3 - </DATELINE><BODY>The following deliveries are scheduled
+for April 6 against Chicago Baord of Trade Futures -
+    Silver - 392 lots at Chicago, Illinois.
+    Kilo Gold - 21 lots. 16 at Chicago, Illinois, 5 at New
+York, New York.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1766" NEWID="12797">
+<DATE> 3-APR-1987 07:18:15.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0522&#31;reute
+r f BC-PIONEER-SUGAR-SAYS-CS   04-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIONEER SUGAR SAYS CSR TAKEOVER OFFER TOO LOW</TITLE>
+<DATELINE>    BRISBANE, April 3 - </DATELINE><BODY>&lt;Pioneer Sugar Mills Ltd> said it
+considered the proposed 2.20 dlrs a share cash takeover offer
+announced by CSR Ltd &lt;CSRA.S> on March 31 to be too low in view
+of the group*hK!UiIe and prospects.
+    CSR's bid for the 68.26 pct of Pioneer's 99.80 mln issued
+shares it does not already hold values the entire grop_j9culd
+make an alternative share offer but has not yet announced
+terms.
+    Pioneer recommended in a statement that shareholders retain
+their stock, pending the board's response once it receives full
+details of the CSR offer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1767" NEWID="12798">
+<DATE> 3-APR-1987 07:21:14.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0531&#31;reute
+r f BC-S.-KOREAN-SHARES-PLUN   04-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. KOREAN SHARES PLUNGE ON GOVERNMENT MEASURES</TITLE>
+<DATELINE>    SEOUL, April 3 - </DATELINE><BODY>The composite index plunged by 15.24
+points, the biggest daily drop in seven years, on news of
+government measures to cool down the heated stock market,
+dealers said.
+    The composite index closed at 383.48 with declines leading
+advances by 328 to 23. Today's fall was the biggest since the
+coutry started using the index in 1980.
+    Volume shrank to 47.6 billion won from yesterday's 93.3
+billion after the finance ministry said it would limit
+share-holdings of institutional investors.
+    Dealers said the market was depressed throughout the day on
+widespread heavy selling.
+    New buying immediately stopped after the government
+announced it would increase share supply by obliging financial
+institutions to sell off their holdings, but the market is
+expected to recover before long, one dealer said.
+    Samsung Electronics fell 1,500 won to 38,600, Samsung
+Semiconductor 1,000 to 24,890, Hanyang Chemical 600 to 11,700,
+Hyundai Motor 100 to 2,577 and Kia Motor 70 to 1,730.
+    Against the trend, construction shares rose slightly rose
+on rumours of imminent government support for the industry.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1768" NEWID="12799">
+<DATE> 3-APR-1987 07:22:23.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0535&#31;reute
+r f BC-GERMAN-CHEMICAL-INDUS   04-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN CHEMICAL INDUSTRY SEES LOWER PROFITS</TITLE>
+<DATELINE>    HANOVER, West Germany, April 3 - </DATELINE><BODY>West Germany's chemical
+industry fears mounting risks will hurt earnings but hopes 1987
+turnover will stabilize around 1986's 140 billion marks, Josef
+Strenger, a board member of the industry association VCI, said.
+    Strenger, management board chairman of Bayer AG &lt;BAYG.F>,
+told a news conference at the Hanover trade fair the main
+dangers were stagnation in world trade, the lower dollar as
+well as crude oil and commodity prices.
+    Prospects of higher operating costs were also seen harming
+earnings, he said. Turnover took a considerable downturn at the
+start of 1987 after falling 5.9 pct in 1986.
+    The chemical industry, which relies heavily on exports, was
+badly hit by mark appreciation in 1986 and lower turnover was
+mainly due to foreign exchange losses, Strenger said.
+    Exports fell 6.4 pct to 72 billion marks in 1986 and
+competition from U.S. And British firms increased. Savings from
+lower oil and commodity prices were eaten up by price
+competition and increased costs.
+    Strenger said 1986 operating profits of German chemical
+firms were slightly worse than the year before but the improved
+financial and balance sheet structure, after three good years,
+neutralized the negative impact.
+    Strenger said the industry would try to increase production
+in the U.S. To make up for lost export possibilities out of
+West Germany.
+    The lower dollar was the main reason for an 8.3 pct fall in
+exports to North America, an 11.4 pct drop to Latin America and
+22.6 pct plunge to the Middle East.
+    Exports to Western Europe eased 3.5 pct and Far East
+exports, due to an economic revival in Japan, dropped 5.2 pct.
+    Strenger noted that the industry had lost public confidence
+following several cases of chemical pollution of the Rhine late
+last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1769" NEWID="12800">
+<DATE> 3-APR-1987 07:26:23.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>fernandez</D><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0548&#31;reute
+r f BC-PHILIPPINES-SAYS-DEBT   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES SAYS DEBT PACT "BETTER THAN MEXICO'S'</TITLE>
+<DATELINE>    MANILA, April 3 - </DATELINE><BODY>Central bank governor Jose Fernandez said
+the 10.3 billion dlr debt restructuring package he and Finance
+Secretary Jaime Ongpin negotiated with the Philippines'
+commercial creditors was better than Mexico's.
+    "I think we got a better deal. It was really an enormous
+drop, a reduction in rates and that to me is the critical
+element," he told Reuters.
+    He was reacting to comments by local economists who said
+Manila's debt accord was no better than Mexico's, which had won
+a 20-year repayment, including a seven-year grace last year at
+13/16 points over London interbank offered rates (Libor).
+    The Philippines clinched a repayment of 17 years, including
+a grace period of 7-1/2 years on 10.3 billion dlrs of its total
+debt of 27.8 billion.
+    But Fernandez said what was more significant was that
+Manila came down from 1-7/8 on the new money and 1-5/8 on the
+restructured debt to 7/8 points. Mexico, on the other hand
+dropped to 13/16 from 14/16.
+    "They got a 1/16 reduction. We got almost a one percentage
+point reduction," he said.
+    Asked why some features of the debt agreement such as the
+token prepayments of principal were not made public
+immediately, he said "These are very long documents and in a
+press statement you can only cover the key points. But these
+will be made available to you."
+    Ongpin confirmed on Tuesday that a Reuter report from New
+York that Manila will pay its commercial creditors 111 mln dlrs
+over 1987-1989 was accurate.
+    He omitted the token prepayments in previous announcements
+but said there was nothing secret about them.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1770" NEWID="12801">
+<DATE> 3-APR-1987 07:30:21.34</DATE>
+<TOPICS><D>money-fx</D><D>reserves</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0559&#31;reute
+b f BC-GERMAN-NET-CURRENCY-R   04-03 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN NET CURRENCY RESERVES RISE</TITLE>
+<DATELINE>    FRANKFURT, April 3 - </DATELINE><BODY>West German net currency reserves rose
+by 200 mln marks in the fourth week of March to 82.2 billion,
+following a rise of 300 mln marks in the previous week, the
+Bundesbank said.
+    Non-currency reserves were unchanged at about 2.5 billion
+marks, bringing net monetary reserves to 84.7 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1771" NEWID="12802">
+<DATE> 3-APR-1987 07:44:18.56</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0583&#31;reute
+u f BC-LONDON-GRAINS-SEES-WH   04-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GRAINS SEES WHEAT RECOVER FROM LOWS</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>U.K. Physical wheat values recovered from
+initial losses of one to two stg per tonne caused by overnight
+news of the release of an additional 300,000 tonnes of
+intervention feed wheat for U.K. Weekly home market tenders.
+    Consumer buyers were attracted by the cheaper offers,
+traders said, and by early afternoon the market had recovered
+to one stg down to unchanged.
+    U.K. Wheat futures also rallied to end the morning
+unchanged to 0.05 stg easier.
+    In East Anglia, April deliveries of feed wheat traded at
+123 and May at 124 but were subsequently bid one stg a tonne
+    The market for denaturable wheat in Liverpool held
+comparatively steady with sellers holding back due to uncertain
+conditions.
+    April deliveries made 127.50 and June 129.50 stg per tonne,
+basis Liverpool.
+    The fob market for wheat started easier but here again
+selling pressure lifted around midday. Apr/Jun shipments traded
+fob east coast at 123 stg per tonne. This compared with 124
+paid for April yesterday and 125 for May/June.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1772" NEWID="12803">
+<DATE> 3-APR-1987 07:49:21.16</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>norway</D><D>gabon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0591&#31;reute
+u f BC-NORSK-HYDRO,-SAGA-SEE   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORSK HYDRO, SAGA SEEK DRILLING RIGHTS IN GABON</TITLE>
+<DATELINE>    OSLO, April 3 - </DATELINE><BODY>Norwegian oil companies Norsk Hydro A/S
+&lt;NHY.OL> and Saga Petroleum A/S &lt;SAGO.OL> said they have
+applied for offshore exploration drilling licenses in Gabon on
+Africa's west coast.
+    Saga Petroleum said it has applied for a 35 pct share and
+operatorship on one block, adding Finnish oil company Neste
+&lt;NEOY.HE>(25 pct), Spain's Hispanoil (25 pct), and the World
+Bank's International Finance Corporation (IFS) (15 pct) have
+joined Saga to fill remaining shares in the application.
+    Saga spokesman Roy Halvorsen told Reuters he expected
+Gabonese officials would reply to the application by Easter.
+    Halvorsen said this is the first time Saga has applied to
+operate on OPEC-member Gabon's continental shelf, adding that
+Italian oil company Agip is heading a group of applicants in a
+separate bid for the same license.
+    Norsk Hydro has also applied for an undisclosed share in a
+single exploration license in which U.S. Oil company Tenneco
+has already been assigned operatorship, company spokesman
+Bjoern Tretvoll said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1773" NEWID="12804">
+<DATE> 3-APR-1987 07:49:31.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0592&#31;reute
+u f BC-JAPAN-DENIES-CHIP-MAR   04-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DENIES CHIP MARKET DOMINATION CHARGES</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>A top Japanese official has insisted that
+the country was living up to its microchip pact with the US.
+    "It cannot be thought, nor should it be thought, we are
+trying to dominate semiconductors," Ministry of International
+Trade and Industry (MITI) vice minister Makoto Kuroda said in a
+newspaper interview.
+    Kuroda, who will head a Japanese team going to Washington
+next week for emergency talks on semiconductors, told the Tokyo
+Shimbun that he would try his best to convince the United
+States of Japan's case.
+    Washington last week announced an imposition of tariffs on
+Japanese electronic products in retaliation for what it sees as
+Tokyo's failure to abide by the pact. Under the agreement Japan
+would stop selling cut-price chips in world markets and try to
+buy more American chips.
+    Kuroda told the newspaper that Tokyo has already taken
+measures to back up the pact, including production cutbacks.
+    While Japanese users are trying to increase chip imports,
+Tokyo cannot guarantee the United States a specified share of
+what in Japan is a free market, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1774" NEWID="12805">
+<DATE> 3-APR-1987 08:06:01.69</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0615&#31;reute
+f f BC-TOP-DISCOUNT-RATE-AT   04-03 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TOP DISCOUNT RATE AT UK BILL TENDER RISES TO 9.5261 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1775" NEWID="12806">
+<DATE> 3-APR-1987 08:09:49.21</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0623&#31;reute
+u f BC-U.S.-TREASURY-POLICIE   04-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY POLICIES SAID UNCHANGED BY DEPARTURE</TITLE>
+<AUTHOR>    By Peter Torday</AUTHOR>
+<DATELINE>    WASHINGTON, April 2 - </DATELINE><BODY>The departure of James Baker's
+closest aide, Deputy Treasury Secretary Richard Darman, will
+not change the course of Washington's domestic and
+international economic policies, U.S. officials said.
+    Darman, who has worked alongside Baker for six years, was
+widely credited with helping him mastermind initiatives on
+currency management and international economic cooperation.
+    U.S. Officials said Darman also played a key role in
+shepherding President Reagan's sweeping tax reform plan through
+the U.S. Congress.
+    But they flatly dismissed suggestions that his departure,
+to the investment banking firm of Shearson Lehman Brothers,
+signaled the Baker team was breaking up, or that the Treasury
+Secretary himself might leave soon.
+    "It really does not mean that, he took the opportunity as it
+came up," one official said.
+    Another commented, "Baker will miss him, but he's not going
+to stand in his way."
+    There has been widespread speculation since last autumn
+that Darman sought a Wall Street job.
+    Officials said Darman felt the passage of tax reform late
+last year marked an appropriate moment to bow out.
+    Baker acknowledged Darman would be sorely missed.
+    "Dick Darman has contributed mightily to the success of this
+administration over the past six years and his departure
+represents a substantial loss," he said.
+    U.S. Officials admitted Darman's absence would be an
+undoubted blow to Baker, who has relied on him for policy
+advice, both at the White House and, in Reagan's second term,
+at the Treasury. One aide once described Darman as
+"indispensable" to Baker.
+    Baker is widely thought to want a more stable currency
+system and Darman is generally credited by officials of other
+nations as Baker's leading theorist on this issue, favouring
+target zones to limit currency fluctuations.
+    Earlier this year, monetary sources said the U.S. Treasury
+unsuccessfully sounded out allies on a target zone system.
+    But a U.S. Official disputed the assessment that, with
+Darman gone, Baker would abandon international initiatives.
+    Baker's work as head of Reagan's Economic Policy Council,
+spearheading trade policy, and his skills in negotiating with
+the Democrat-controlled Congress will go on as before.
+    Darman's strength was not as an economist, but as a
+political strategist "and that's Baker's strength too," the
+official said.
+    There were already indications that Baker, who throughout
+his time in government has relied on a closely-knit circle of
+advisers, has moved swiftly to find a successor.
+    One possibility is that Baker might turn to George Gould,
+who holds the number three Treasury position of
+Under-Secretary.
+    Gould, another close confidante, has known Baker for years.
+    Before joining the Treasury in November 1985, Gould was a
+partner at the Wall Steet firm of Wertheim and Co and formerly
+headed Donaldson, Lufkin and Jenrette Securities Corp.
+    The Darman announcement came on the eve of the semi-annual
+meetings of the International Monetary Fund and the World Bank,
+where many policies Darman helped shape will be debated.
+    He helped Baker devise the September, 1985 Plaza Agreement,
+when the United States, Japan, West Germany, France and Britain
+curbed the dollar's strength. The pact was a major turning
+point in U.S. Policy, ending a period of disdain for economic
+cooperation and intervention in currency markets.
+    Darman also worked on some other Baker initiatives, like
+the Tokyo Summit agreement to intensify coordination of
+economic policies among the leading industrial countries and
+the recent Paris Agreement to stabilise currencies and
+stimulate global growth.
+    These policies are collectively aimed at redressing the
+huge gap between Japan and West Germany's trade surpluses and
+the United State's massive trade deficit.
+    That policy goal still remains a prime objective of the
+Reagan Administration and will not change with Darman's
+departure.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1776" NEWID="12807">
+<DATE> 3-APR-1987 08:11:53.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0635&#31;reute
+r f BC-U.S.-SHAREHOLDER-MEET   04-03 0015</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. SHAREHOLDER MEETINGS - APRIL 3
+ Burlington Northern Inc
+ Wedgestone Realty Investors
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1777" NEWID="12808">
+<DATE> 3-APR-1987 08:12:00.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0636&#31;reute
+r f BC-QT8902   04-03 0013</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. DIVIDEND MEETINGS - APRIL 3
+ Flowers Indus
+ Providence Energy
+ Sterling Drug
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1778" NEWID="12809">
+<DATE> 3-APR-1987 08:12:05.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0637&#31;reute
+r f BC-QT8903/1   04-03 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. STOCKS EX-DIVIDEND - APRIL 3
+    NYSE STOCKS...
+ czm 2-for-1 stock split
+ eye              10 cts
+ gcn              15 cts
+ gcn pr a     16-1/2 cts
+ ihs              09 cts
+ nbd              30 cts
+ psn 2-for-1 stock split
+ AMEX...
+ wbp 10 cts
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1779" NEWID="12810">
+<DATE> 3-APR-1987 08:12:12.59</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0638&#31;reute
+b f BC-TOP-DISCOUNT-RATE-AT   04-03 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOP DISCOUNT RATE AT UK BILL TENDER 9.5261 PCT</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The top accepted rate of discount at the
+weekly U.K. Treasury bill tender rose to 9.5261 pct  from
+9.3456 pct last week.
+    Applications at the lowest accepted price of 97.625 stg
+ were allotted around 81 pct of the amount applied for, and
+ applications above that price were allotted in full, the Bank
+ of England said.
+    A total of 100 mln stg of Treasury bills was offered for
+sale this week.
+    Last week, the average rate of discount was 9.3157 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1780" NEWID="12811">
+<DATE> 3-APR-1987 08:17:10.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0651&#31;reute
+r f BC-ESCOM-SAYS-TARGETS-ME   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESCOM SAYS TARGETS MET WITHOUT FOREIGN FINANCE</TITLE>
+<AUTHOR>    By Christopher Wilson</AUTHOR>
+<DATELINE>    JOHANNESBURG, April 3 - </DATELINE><BODY>South Africa's Electricity Supply
+Commission (Escom), which last year launched a massive
+restructuring programme after the ending of foreign loans to
+the country in 1985, said it met its budget targets in 1986
+without foreign finance.
+    The electricity company, which supplies about 90 pct of
+South Africa's power, said in its annual report that it failed
+to attract any foreign loans in 1986, but it was confident of
+meeting its funding requirements this year, despite available
+finance from abroad remaining restricted.
+    The utility, which once was South Africa's largest borrower
+of foreign funds, said prearranged import financing facilities
+are expected to provide foreign funds of only about 300 mln
+rand this year. A further 550 mln rand will be borrowed from a
+blocked account administered by the South African government
+for the eventual repayment of about 13 billion rand in
+short-term loans.
+    These are currently frozen by an effective moratorium on
+repayments. The blocked account is part of a debt accord
+recently reached with South Africa's foreign creditor banks.
+    South Africa declared a moratorium on repayments of about
+14 billion dlrs of its original 24 billion dlr total foreign
+debt in September 1985 after foreign bankers abruptly cut off
+credit lines to the country because of concern over its
+deteriorating political and economic climate.
+    Pretoria last week announced that it had reached a
+three-year rescheduling agreement with the major international
+creditors that will effectively extend a moratorium on most
+repayments of the short-term portion of the debt until
+mid-1990.
+    Escom said it plans to meet the bulk of its funding
+requirements this year by raising 2.2 billion rand in the South
+African financial markets against a total of 1.75 billion rand
+raised last year.
+    "The borrowing programme for 1987 is well within the
+capacity of the (domestic) financial markets, without pressure
+being placed on interest rates," the corporation said.
+    "Last year we embarked on the most dramatic restructuring
+programme ever attempted by a major South African business, and
+we have largely achieved what we set out to do," Escom chairman,
+John Maree, told a news conference.
+ MORE
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1781" NEWID="12812">
+<DATE> 3-APR-1987 08:17:32.53</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0653&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   04-03 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FURTHER REVISED UPWARD</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The Bank of England said it has revised
+its estimate of today's shortfall to 800 mln stg from 750 mln,
+before taking account of 170 mln stg morning assistance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1782" NEWID="12813">
+<DATE> 3-APR-1987 08:20:03.79</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0658&#31;reute
+u f BC-DUTCH-COCOA-BEAN-IMPO   04-03 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH COCOA BEAN IMPORTS RISE IN JANUARY</TITLE>
+<DATELINE>    ROTTERDAM, April 3 - </DATELINE><BODY>Total Dutch imports of cocoa beans
+rose to 17,978 tonnes in January from 13,961 in January 1986,
+while exports fell to 1,852 tonnes from 3,111, the Central
+Bureau of Statistics said.
+    Cocoa butter imports rose slightly to 1,699 tonnes from
+1,507, while exports fell slightly to 6,211 from 6,293 tonnes.
+    Imports of cocoa powder fell to 316 tonnes from 469 and
+exports to 5,944 from 6,106 tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1783" NEWID="12814">
+<DATE> 3-APR-1987 08:20:20.88</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0660&#31;reute
+u f BC-DUTCH-GREEN-COFFEE-IM   04-03 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH GREEN COFFEE IMPORTS FALL IN JANUARY</TITLE>
+<DATELINE>    HEERLEN, April 3 - </DATELINE><BODY>Dutch green coffee imports fell to
+10,430 tonnes in January from 13,506 tonnes in January 1986,
+and exports fell to 366 tonnes from 615, the Central Bureau of
+Statistics said.
+    Imports of Colombian coffee were 2,169 tonnes (3,025 in
+January 1986), Brazilian 483 (3,715), Indonesian 455 (145),
+Guatemalan 196 (126), Cameroun 464 (560) and Ivory Coast 353
+(839).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1784" NEWID="12815">
+<DATE> 3-APR-1987 08:28:32.79</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE><D>eyskens</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0674&#31;reute
+r f BC-EC-MINISTERS-WILL-DIS   04-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS WILL DISCUSS STRENGTHENING EMS FLOAT</TITLE>
+<AUTHOR>    By Tony Carritt, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, April 3 - </DATELINE><BODY>European Community finance ministers
+and central bankers meet in Belgium this weekend to discuss
+strengthening Europe's joint currency float amid continuing
+worries about turbulence on foreign exchanges.
+    Belgian Finance Minister Mark Eyskens, who will host the
+informal talks, told Reuters the ministers and central bank
+chiefs would discuss the situation on currency markets in the
+light of the February agreement among leading industrialised
+countries to stabilise exchange rates around present levels.
+    In an interview, Eyskens said he felt the Paris accord
+between the United States, Japan, West Germany, France, Britain
+and Canada had proved itself "more or less workable."
+    But doubts over its effectiveness and durability have been
+growing since fears of a trade war between the United States
+and Japan over computer microchips pushed the dollar to a
+record low against the surging yen early this week.
+    The talks, at the Belgian resort of Knokke, are being held
+to coordinate the EC's positions on monetary issues and Third
+World debt ahead of the Spring meetings of the International
+Monetary Fund and World Bank in Washington next week.
+    The EC gathering begins tonight with a dinner but the main
+discussions will take place tomorrow.
+    Continued international currency turbulence could undermine
+plans for reinforcing the European Monetary System, the joint
+float holding eight EC currencies within narrow fluctuation
+bands, which will feature high on the weekend agenda.
+    Eyskens has repeatedly said that Europe needs a period of
+calm on world currency markets, and in particular a more stable
+dollar, before it can set about strengthening the EMS to make
+it more resilient against exchange rate swings.
+    The EMS has been taking a battering over the last year as
+the falling dollar has sent funds surging into the dominant EMS
+currency, the West German mark, forcing ministers to undertake
+two major realignments of parities within nine months.
+    In the interview, Eyskens made clear he was hoping for a
+wide-ranging discussion on the future of the eight-year-old EMS
+on the basis of proposals for bolstering it drawn up by the
+EC's Monetary Committee and the Committee of Central Bank
+Governors.
+    The committees were asked to come up with the proposals
+after the last reshuffle of EMS exchange rates in January.
+    Eyskens repeated calls for the European Currency Unit, the
+fledgling EC currency at the core of the system, to take over
+the mark's dominant role in the EMS - a proposal that has met
+with a cool response in West Germany.
+    He said EC Commission President Jacques Delors would report
+to the meeting on problems raised by plans to liberalise
+capital movements fully within the 12-nation bloc by 1992, such
+as the need for harmonising taxes and banking controls.
+    Eyskens said liberalisation of capital movements without
+strengthening the EMS would be an element of destabilisation in
+the Community. 
+    He said the crucial issue in the debate was whether member
+states were willing to push further towards the EC's goal of
+monetary integration on the basis of an EMS that included
+management of exchange rates by some kind of common
+institution, instead of by national central banks as at
+present.
+    Plans for the creation of such an institution, foreseen by
+the EMS's founding fathers, have been thwarted by the
+reluctance of some countries, notably West Germany, to gove up
+their sovereignty in the monetary field.
+    EMS development has also been held up by Britain's refusal
+so far to join the system's core exchange rate mechanism.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1785" NEWID="12816">
+<DATE> 3-APR-1987 08:30:38.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0678&#31;reute
+u f PM-PLANE   04-03 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAL SAYS MAJOR DEFECT FOUND IN BOEING PLANE</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>Japan Air Lines ordered checks on its
+fleet of Boeing Co. &lt;BA> 747-SR jumbo jets after a major defect
+was found in one of them last month, an airline spokesman said.
+    Inspectors running a routine check found that one of three
+diagonal braces attaching an engine to the wing had snapped due
+to metal fatigue, he said.
+    He described the defect as "major" but said it was the first
+time such a fault had been found in the JAL fleet.
+    He said the part was sent to Boeing for examination but
+nothing had been heard from them yet. A Boeing spokesman was
+not immediately available for comment.
+    JAL's entire fleet of eleven 747-SRs had been inspected but
+no similar defect was found, the airline spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1786" NEWID="12817">
+<DATE> 3-APR-1987 08:30:59.11</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0681&#31;reute
+f f BC-CANADA-MARCH-FOREIGN   04-03 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA MARCH FOREIGN RESERVES RISE 1.23 BILLION U.S. DLRS - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1787" NEWID="12818">
+<DATE> 3-APR-1987 08:32:08.71</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0685&#31;reute
+b f BC-/U.S.-MARCH-JOBLESS-R   04-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MARCH JOBLESS RATE FELL TO 6.6 PCT</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The U.S. civilian unemployment rate
+fell to 6.6 pct in March from 6.7 pct in February, the Labor
+Department said.
+    The number of non-farm payroll jobs rose 164,000 last month
+after rising a revised 236,000 in February. That was down from
+the previously reported 337,000 rise in February.
+    The March unemployment rate was the lowest since March,
+1980. It had remained unchanged at 6.7 pct for three straight
+months before the March decline.
+    The rise in non-farm payrolls was the smallest since a
+decline last June of 75,000, the department said.
+    Last month's unemployment rate was down from the 7.2 pct
+level in March, 1986.
+    Growth in jobs continued in March but was slower than in
+recent months, with the gains concentrated in service
+industries.
+    The number of goods-producing jobs fell 68,000 in March,
+while service-producing jobs rose 232,000 to bring the total
+jobs in the department's survey of businesses to 102.03 mln in
+March.
+    Business and health services showed the largest gains in
+jobs, while manufacturing employment fell by 25,000.
+    The average work week fell to 34.8 hours in March from 35.0
+hours in February, the department said.
+    Manufacturing hours fell to 40.9 per week from 41.2 hours
+in February, but overtime hours increased to 3.7 from 3.6.
+    The department's survey of households showed the number of
+unemployed stood at 7.85 mln out of a work force of 119.2 mln.
+    The number of persons working part time for economic
+reasons fell in March to 5.46 mln from 5.78 mln in February.
+    The loss of factory jobs brought the March total to 19.19
+mln jobs and was concentrated in automobile, electrical and
+electronic manufacturing.
+    Construction employment also lowered the number of jobs in
+the goods-producing sector, falling by 45,000 after seasonal
+adjustment, the department said.
+    Mining employment was little changed in March and has not
+experienced any substantial erosion since the rapid job losses
+in oil and gas drilling in the first two-thirds of 1986.
+    Other service industries that increased jobs last month
+were finance, insurance, and real estate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1788" NEWID="12819">
+<DATE> 3-APR-1987 08:35:55.04</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0706&#31;reute
+b f BC-U.K.-MONEY-MARKET-GET   04-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GETS 347 MLN STG AFTERNOON HELP</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The Bank of England said it has operated
+in the money market this afternoon, buying back bills totalling
+347 mln stg. This brings the total help so far today to 517 mln
+stg and compares with the Bank's revised estimate of an 800 mln
+stg shortfall.
+    The central bank purchased in band one 20 mln stg at 9-7/8
+pct, in band two 254 mln at 9-13/16 pct, in band three 66 mln
+at 9-3/4 pct and in band four seven mln stg at 9-11/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1789" NEWID="12820">
+<DATE> 3-APR-1987 08:38:26.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0712&#31;reute
+r f BC-TIMES-MIRROR-&lt;TMC>-FE   04-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIMES MIRROR &lt;TMC> FEBRUARY AD REVENUES ROSE</TITLE>
+<DATELINE>    LOS ANGELES, April 3 - </DATELINE><BODY>Times Mirror Co said its Newspaper
+Publishing group's advertising revenues increased 12.8 pct to
+121.2 mln dlrs in the four weeks ended March one from 107.5 mln
+dlrs a year earlier.
+    For the nine weeks, January one through March one,
+advertising revenues were 245.7 mln dlrs, up 10.7 pct from the
+222.1 mln dlrs in the January one through March 2, 1986, period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1790" NEWID="12821">
+<DATE> 3-APR-1987 08:40:59.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0717&#31;reute
+d f BC-AUSTRALIAN-UNIONS-PLA   04-03 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN UNIONS PLAN NEW SOUTH WALES STRIKES</TITLE>
+<DATELINE>    SYDNEY, April 3 - </DATELINE><BODY>Unions are planning a week of state-wide
+strikes in New South Wales, starting midnight next Tuesday, to
+protest against a state move to cut workers' compensation.
+    NSW Labour Council secretary John MacBean, who is also an
+executive member of the Australian Council of Trade Unions
+(ACTU), said the council has authorised the strikes and other
+industrial action.
+    The NSW government has introduced in the state parliament a
+new Workers' Compensation Act which would cut by up to one
+third the cash benefits paid to injured workers.
+    MacBean said almost every business sector would be hit and
+the unions would extend their action for two or three more
+weeks if the state government went ahead with its plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1791" NEWID="12822">
+<DATE> 3-APR-1987 08:42:31.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0721&#31;reute
+d f BC-ALTEX-&lt;AII>-SETS-ACQU   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALTEX &lt;AII> SETS ACQUISITION OF COMPUTER FIRMS</TITLE>
+<DATELINE>    DENVER, April 3 - </DATELINE><BODY>Altex Industries Inc said it has agreed
+in principle to buy 82 pct of two privately-held affiliated
+computer retail companies for an undisclosed amount.
+    Altex said the Denver-based companies had revenues of over
+seven mln dlrs last year. They are Integrated Management Data
+Systems Inc, which sells accounting software systems to the oil
+and gas industry, and Integrated Management Systems Micro
+Distribution Division Inc, which distributes micro-computer
+products.
+    Altex said it expects to close the transaction, which is
+subject to financing, in July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1792" NEWID="12823">
+<DATE> 3-APR-1987 08:43:13.20</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0726&#31;reute
+d f BC-AUSTRALIAN-TUG-CREWS   04-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA TUG CREWS BAR FOREIGN CONTAINER SHIPS</TITLE>
+<DATELINE>    SYDNEY, April 3 - </DATELINE><BODY>Tug crews are preventing the movement of
+foreign-flag container vessels in and out of the ports of
+Sydney, Melbourne and Fremantle, shipping sources said.
+    They said maritime unions imposed bans on late Wednesday
+for reasons that are obscure but seem to be linked with claims
+for a pay rise above the 10 dlrs a week awarded by the
+Arbitration Commission nationally to all workers recently.
+    Only about 10 vessels are being delayed but the bans will
+affect container terminal movements and will disrupt liner
+schedules, they said.
+    The dispute goes to the Commission on Monday, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1793" NEWID="12824">
+<DATE> 3-APR-1987 08:43:18.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0727&#31;reute
+s f BC-STANLINE-INC-&lt;STAN>-R   04-03 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANLINE INC &lt;STAN> REGULAR DIVIDEND</TITLE>
+<DATELINE>    NORWALK, Calif., April 3 -
+    </DATELINE><BODY>Qtly div eight cts vs eight cts in prior qtr
+    Payable April 30
+    Record April 15
+    Company said its board intends to declare cash dividends
+quarterly and plans to pay a five pct stock dividend annually
+following the close of each fiscal year. The initial five pct
+stock dividend was paid December 22 to holders of record
+November 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1794" NEWID="12825">
+<DATE> 3-APR-1987 08:46:04.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>ussr</D><D>kampuchea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0730&#31;reute
+d f BC-CHINA-REPORTS-TALKS-B   04-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA REPORTS BREAKTHROUGH IN TALKS WITH USSR</TITLE>
+<DATELINE>    PEKING, April 3 - </DATELINE><BODY>After years of refusal, Moscow has agreed
+to discuss the problems of Afghanistan and Kampuchea in its
+talks with Peking on normalising relations, Chinese
+Vice-Foreign Minister Qian Qichen said.
+   He told a news conference: "Recently the Soviet Union
+expressed agreement to discuss this question."
+    China has long referred to three obstacles to better
+relations -- Soviet troops in Afghanistan, Moscow's support for
+Vietnamese troops in Kampuchea and Soviet troop concentrations
+along the Chinese border.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1795" NEWID="12826">
+<DATE> 3-APR-1987 08:47:01.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0734&#31;reute
+u f BC-SWEDEN-MAKES-PROPOSAL   04-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN MAKES PROPOSAL FOR BANKING CHANGE</TITLE>
+<DATELINE>    STOCKHOLM, April 3 - </DATELINE><BODY>The finance ministry has proposed a
+change in rules affecting ownership of commercial banks by
+non-banking financial groups, a ministry statement said.
+    The proposals aim to block loopholes open to financial
+groups with banking subsidiaries. According to current rules
+these groups are not bound by the same regulations prevailing
+in the traditional banking sector.
+    The finance ministry proposals follow a recent bid by the
+Proventus financial group to create a new holding company that
+would control the third-largest commercial bank Gotabanken and
+Wermlandsbanken, a small regional bank.
+    The proposal suggests that a holding company with a banking
+unit must be subject to the same rules which currently apply to
+the commercial banking operations, the finance ministry said in
+a statement.
+    It added that July 1 this year was the proposed date of
+implementation for the measures, which will almost certainly be
+rubber-stamped by parliament.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1796" NEWID="12827">
+<DATE> 3-APR-1987 08:47:54.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0738&#31;reute
+u f BC-TALKING-POINT/SANTA-F   04-03 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/SANTA FE SOUTHERN &lt;SFX></TITLE>
+<AUTHOR>    By Philip Barbara, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, April 3 - </DATELINE><BODY>Santa Fe Southern Pacific Corp may have
+more difficulty combining its two railroads than fending off a
+possible takeover by Henley Group &lt;HENG>, which has accumulated
+almost a five pct stake in the real estate and railroad
+conglomerate, analysts said.
+    Takeover speculation has surrounded Santa Fe since Henley
+disclosed its stake in the company earlier this week, but
+analysts and a Santa Fe official were skeptical a takeover is
+its intention.
+    Analysts also said the company has strong defenses that
+would easily deter any suitor - one of those being its problems
+combining its two railroad properties, which hang in regulatory
+limbo.
+    Richard Fischer of Merrill Lynch and Co Inc said that Santa
+Fe at December 31 had 580 mln dlrs in cash and cash
+equivalents, while its long-term debt to capital was just over
+25 pct. "This gives them plenty of borrowing power," he said,
+which could be used against an unwanted suitor.
+    Henley Group's Chairman Michael Dingman has said he wants
+to take major positions in undervalued natural resource
+companies. He also told Reuters in an interview he is seeking
+an acquisition of from two billion to eight billion dlrs.
+    Santa Fe officials don't appear concerned that Henley might
+launch a takeover. "I would not characterize the atmosphere
+around here as one of concern," one Santa Fe executive said
+about Henley.
+    "I think it's wrong to assume Dingman has formed a firm
+strategy with Santa Fe," said Mark Hassenberg, who covers
+Henley for DLJ Securities.
+    Analysts say the potential of Santa Fe's land assets are
+likely to be realized slowly. They add that Santa Fe's efforts
+to merge its two railroads remain in regulatory limbo,
+sidetracking many of its strategic plans for the foreseeable
+future.
+    These realities, they said, support the Henley Group's
+statement that its Santa Fe stake is only an investment.
+    The more pressing problem facing Santa Fe is overcoming
+difficulties in merging its two railroads, the Atchison, Topeka
+and Santa Fe Railway Co and Southern Pacific Transportation Co.
+The merger would create the nation's second-longest railroad.
+    Last July the Interstate Commerce Commission (ICC) denied
+the merger on anticompetitive grounds.
+    The company since has granted trackage-sharing rights to
+four western railroads to meet the ICC's concerns and persuade
+it to reopen the hearings in its three-year-old struggle to
+merge the lines.
+    "My guess is the commission will decide in three to six
+weeks whether to reopen hearings," Fischer said.
+    "I believe they've made an effort to satisfy the ICC's
+objections," he said. "But in doing so they haven't pleased
+everyone. Before they had Burlington Northern on their side,
+now Burlington is opposed to the way trackage rights are set
+up."
+    If the hearings are reopened, analysts predicted it will
+take six to nine months for everyone to have their say, and up
+to another year for the ICC to decide.
+    Santa Fe is in the midst of a 50-mln-share stock buyback
+program begun in 1984. It has bought back 33.7 mln shares as of
+February 1, when it had 154.7 mln shares outstanding, a
+spokesman said.
+    Among the shares repurchased were two stakes owned by
+Norfolk Southern, one of 3.4 mln shares bought in 1986 and
+another of 1.7 mln shares in 1985, one analyst said.
+    James Voytko at Paine Webber believes Santa Fe could fight
+off the Henley Group with its cash and credit. Citing the share
+buybacks from Norfolk Southern, he said one of Santa Fe's
+options, if threatened, could be to buy the Henley stake.
+    "It is indeed possible that Dingman sees this as a
+low-risk, opportunistic investment," Voytko said.
+    "People who follow Santa Fe have given me values of 45 dlrs
+to 50 dlrs a share," said DLJ Securities' Hassenberg. "But I'm
+certain that in Dingman's mind, the company is worth more than
+that in breakup value."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1797" NEWID="12828">
+<DATE> 3-APR-1987 08:50:09.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>brazil</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0744&#31;reute
+r f BC-STOLTENBERG-CALLS-FOR   04-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG CALLS FOR NEW BRAZIL TALKS WITH BANKS</TITLE>
+<DATELINE>    BONN, April 3 - </DATELINE><BODY>Finance Minister Gerhard Stoltenberg said
+he will advise Brazil to take up discussions with its
+commercial bank creditors when he is in Washington for the
+International Monetary Fund (IMF) meeting next week.
+    He told a news conference ahead of the IMF talks that
+discussions about developing country debt problems would play
+an important role on the agenda in Washington.
+    Stoltenberg noted that Brazil had agreed in January to work
+together with the banks but said this pledge had not yet been
+fulfilled.
+    After Brazil imposed a moratorium on interest payments on
+68 billion dlrs worth of debt in February, Brazilian Finance
+Minister Dilson Funaro sought to involve foreign governments in
+rescheduling talks with banks.
+    But British Chancellor of the Exchequer Nigel Lawson
+rebuffed Funaro's bid and said commercial bank loans were a
+matter for banks and not governments. West German bankers also
+said then that Brazil should seek an understanding with the
+IMF.
+    Stoltenberg said in Bonn today that he had already told
+Funaro that the unilateral moratorium was a mistake.
+    Stoltenberg said that despite progress in some areas, the
+debt problems of a whole range of countries had recently become
+more difficult.
+    He said flows from commercial banks had decreased markedly
+and that the refusal of some highly indebted countries to
+fulfil their commitments to private creditors or with the IMF
+was one reason for this.
+    He also said that when debtor countries came up with good,
+confidence-inspiring policies, commercial banks should react
+with more flexibility in interest structures, maturities and
+rescheduling.    Many debtor countries had realised that it was not possible
+to mobilise capital flows, and especially direct investments,
+without such policies, Stoltenberg said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1798" NEWID="12829">
+<DATE> 3-APR-1987 08:54:00.40</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f0751&#31;reute
+b f BC-CANADIAN-FOREIGN-RESE   04-03 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN FOREIGN RESERVES SURGE IN MONTH</TITLE>
+<DATELINE>    OTTAWA, April 3 - </DATELINE><BODY>Canadian foreign reserve holdings rose
+1.23 billion U.S. dlrs in March to 7.77 billion dlrs, the
+Finance Department said.
+    The department said the change from February included a
+decrease of 258.1 mln dlrs from the repayment, at maturity, of
+a 1982 Swiss Franc 400 mln issue.
+    Also included was also a 112.8 mln dlr decline from a net
+redemption of Canada bills. The par value of bills outstanding
+was 800.7 mln dlrs at March 31.
+    This month's reserves were 4.49 billion dlrs above March,
+1986's total of 3.28 billion dlrs.
+    Reserve holdings in U.S. dlrs at end of March versus end of
+February were as follows.
+    - U.S. dlrs 5.98 billion vs 4.47 billion,
+    - other foreign currencies 37.1 mln vs 319.9 mln,
+    - gold 874.0 mln vs 864.1 mln
+    - special drawing rights 191.8 mln vs 188.6 mln,
+    - IMF Reserves 689.7 mln vs 705.7 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1799" NEWID="12830">
+<DATE> 3-APR-1987 08:54:20.30</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T M G C
+&#22;&#22;&#1;f0752&#31;reute
+r f BC-JAPAN-STUDY-URGES-FOR   04-03 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN STUDY URGES FOREIGN ACCESS TO FARM MARKETS</TITLE>
+<DATELINE>    TOKYO, April 3 - </DATELINE><BODY>Japan should increase foreign access to
+its farm products market, while encouraging further development
+of domestic agriculture, a government report said.
+    The white paper on agriculture for the year ended March 31
+said active participation in writing world farm trade rules at
+the next round of General Agreement on Tariffs and Trade (GATT)
+talks will help prepare Japan to improve access.
+    Agriculture Ministry sources said the paper marked an
+easing in Japan's tough position on agricultural imports which
+stressed the need for strict controls on some products to
+maintain self-sufficiency in food.
+    Japan now produces only 30 pct of its annual grain needs,
+down from 61 pct some 20 years ago, official figures show.
+    The paper said Japanese agriculture has been slow to
+improve productivity and demand/supply imbalances.
+    The relative shortage of farmland in Japan is mainly
+responsible for higher domestic prices, it said.
+    The strong yen has meant lower input material prices but
+has also resulted in higher agricultural imports which has
+worsened working conditions among part-time farmers, the paper
+said.
+    This could make it difficult to improve the industry's
+structure, the paper said.
+    To solve these problems and to reduce farm product prices
+to more reasonable levels, Japan should try to restructure the
+the agricultural sector to improve productivity and make it
+self-supporting, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1800" NEWID="12831">
+<DATE> 3-APR-1987 08:54:41.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0754&#31;reute
+b f BC-HILTON-&lt;HLT>-1ST-QTR   04-03 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HILTON &lt;HLT> 1ST QTR EARNINGS UP ABOUT 37 PCT</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., April 3 - </DATELINE><BODY>Hilton Hotels Corp said
+its first quarter net income rose 37 pct, paced by strength in
+both hotels and gaming.
+    Based on preliminary results, the company said, net income
+rose to about 24 mln dlrs, or 96 cts a share, from 17.4 mln
+dlrs, or 70 cts a share, in 1986's initial three months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1801" NEWID="12832">
+<DATE> 3-APR-1987 08:55:59.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0761&#31;reute
+d f BC-CALIFORNIA-MICRO-&lt;CAM   04-03 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA MICRO &lt;CAMD> GETS ADDITIONAL CONTRACT</TITLE>
+<DATELINE>    MILPITAS, Calif., April 3 - </DATELINE><BODY>California Micro Devices Corp
+said it received an additional 3.2 mln dlr contract from
+General Dynamics Corp &lt;GD> to supply electronic components
+contained in the guidance control for Defense Electronics
+Systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1802" NEWID="12833">
+<DATE> 3-APR-1987 08:57:14.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>ussr</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0763&#31;reute
+d f BC-THATCHER-PROSPECTS-BO   04-03 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THATCHER PROSPECTS BOOSTED BY USSR TRIP, POLL SAYS</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>British Prime Minister Margaret Thatcher
+has improved her standing with voters, according to the first
+opinion poll published since her return from the Soviet Union.
+    Thatcher is seeking re-election for a third term and the
+newspaper said there would now be pressure on her to go for a
+June or even a May election to capitalise on her Soviet trip.
+    The survey, by the Harris Research Centre for today's
+London Daily News, said more than half of the 767 voters polled
+by telephone believed she had improved the prospects of arms
+reductions and peace while 22 pct said they were more likely to
+vote for her now than before her visit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1803" NEWID="12834">
+<DATE> 3-APR-1987 08:57:27.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0765&#31;reute
+d f BC-PIONEER-SUGAR-SAYS-CS   04-03 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIONEER SUGAR SAYS CSR TAKEOVER OFFER TOO LOW</TITLE>
+<DATELINE>    BRISBANE, April 3 - </DATELINE><BODY>&lt;Pioneer Sugar Mills Ltd> said it
+considered the proposed 2.20 dlrs a share cash takeover offer
+announced by CSR Ltd &lt;CSRA.S> on March 31 to be too low in view
+of the group*hK!UiIe and prospects.
+    Pioneer recommended in a statement that shareholders retain
+their stock, pending the board's response once it receives full
+details of the CSR offer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1804" NEWID="12835">
+<DATE> 3-APR-1987 08:58:08.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>fernandez</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0766&#31;reute
+d f BC-PHILIPPINES-SAYS-DEBT   04-03 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES SAYS DEBT PACT BETTER THAN MEXICO'S</TITLE>
+<DATELINE>    MANILA, April 3 - </DATELINE><BODY>Central bank governor Jose Fernandez said
+the 10.3 billion dlr debt restructuring package he and Finance
+Secretary Jaime Ongpin negotiated with the Philippines'
+commercial creditors was better than Mexico's.
+    "I think we got a better deal. It was really an enormous
+drop, a reduction in rates and that to me is the critical
+element," he told Reuters.
+    He was reacting to comments by local economists who said
+Manila's debt accord was no better than Mexico's, which was a
+20-year repayment, including a seven-year grace last year at
+13/16 points over London interbank offered rates (Libor).
+    The Philippines clinched a repayment of 17 years, including
+a grace period of 7-1/2 years on 10.3 billion dlrs of its total
+debt of 27.8 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1805" NEWID="12836">
+<DATE> 3-APR-1987 08:59:48.41</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>netherlands</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0768&#31;reute
+r f BC-SURALCO-OFFERS-CASH-F   04-03 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SURALCO OFFERS CASH FOR WORKERS TO LEAVE</TITLE>
+<DATELINE>    THE HAGUE, April 3 - </DATELINE><BODY>The U.S.-owned &lt;Surinam Aluminum
+Company> (SURALCO) offered workers a lump sum and up to five
+months' wages to quit the firm because jungle-based rebels have
+disrupted bauxite mining and alumina smelting, ANP said.
+    The Dutch news agency said SURALCO, a subsidiary of the
+Aluminum Company of America(ALCOA) wanted to reduce its work
+force because it had been hard hit by guerrilla attacks that
+cut power lines to the area in January.
+    All bauxite mining at Moengo ceased four months ago and
+SURALCO's Paranam alumina smelter is using imported bauxite.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1806" NEWID="12837">
+<DATE> 3-APR-1987 08:59:57.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0769&#31;reute
+h f BC-JAPANESE-BANKS-EXPAND   04-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE BANKS EXPAND HONG KONG PRESENCE</TITLE>
+<AUTHOR>    By Allan Ng, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, April 3 - </DATELINE><BODY>At a time when Britain is threatening
+to revoke the license of Japanese banks in retaliation for
+restrictive trade practices, Hong Kong is rolling out the
+welcome mat to Japan.
+    The British colony last week issued a banking licence to
+the Bank of Fukuoka Ltd, making it the 24th Japanese bank here.
+    Japan has the largest banking contingent in Hong Kong,
+followed by the U.S. With 22 banks. Eleven Japanese banks have
+representative offices here and Japanese institutions operate
+34 deposit-taking companies (DTCs).
+    Assistant banking commissioner K.K Wong told Reuters: "There
+are no special favours towards the Japanese...But because of
+Japan's strong economy and currency, they easily meet our
+requirement on assets (14 billion U.S. Dlrs)."
+    The Japanese control the largest share of assets of the
+financial institutions here but incorporated elsewhere, with
+980.5 billion H.K. Dlrs at end-1986, or 57.5 pct of the total.
+    "Hong Kong authorities welcome Japanese banks," said Haruo
+Kimura, assistant general manager of the Bank of Tokyo. "But the
+U.S. And Britain are unhappy with the slow liberalisation of
+the Tokyo financial market."
+    Japanese bankers said Hong Kong offers good business
+opportunities, especially in China trade, to Japanese banks who
+are following their clients' international expansion.
+    "As their clients become more international, they have to
+keep up and follow them," said Yutaka Toda, Dai-Ichi Kangyo
+Bank's general manager here.
+    "We can have access to local traders and regional
+corporations," said Bank of Tokyo's Kimura. "We can also pick up
+business with China."
+    Bankers said more Japanese banks are on the way. An influx
+of Japanese banks began in the late 1970s when the government
+lifted a moratorium on new licences. But newcomers are allowed
+one branch each and only the Bank of Tokyo, Sanwa Bank and
+Sumitomo Bank have more than one branch.
+    Because of this limitation, Japanese banks have mostly
+concentrated on wholesale business.
+    "It is very difficult to compete with those giants such as
+the Hongkong Bank and the Bank of China," said Kimura of the
+Bank of Tokyo.
+    Bank of Tokyo has the largest Japanese bank network here
+with seven branches, while Hongkong and Shanghai Banking Corp
+and the Bank of China groups each have hundreds of branches.
+    To broaden their client and deposit base, some Japanese
+banks have taken equity in local banks. The latest such move
+was Dai-Ichi Kangyo's increase of its stake in Chekiang First
+Bank last year to 95 pct from 33 pct.
+    Tokai Bank, Fuji Bank and Mitsubishi Bank also have
+interests in small local banks.
+    But Mitsubishi, not content with its single-branch licence
+and a 25 pct stake in the small Liu Chong Hing Bank, bought
+Mercantile Bank Ltd's multi-branch licence early this year.
+    "We will open one more branch in (Hong Kong's district of)
+Kowloon soon, to better serve our clients on the other side of
+the harbour," said Mitsubishi Bank general manager Takeshi
+Tange.
+    Their weakness in the retail market forces Japanese banks
+to rely on the interbank market for funding.
+    Government data show that despite their large share of
+total assets, Japanese banks had only 54.4 billion dlrs in
+deposits at end-1986, or 17.1 pct of deposits of banks in Hong
+Kong incorporated elsewhere.
+    "Most Japanese banks' international lendings in the region
+are booked in Hong Kong," said a Japanese banker who declined to
+be named.
+    He said it is mainly for tax reasons, adding that assets
+such as loans booked in Hong Kong are not subject to Japanese
+tax.
+    Japanese banks are barred by the Tokyo government from
+issuing Eurobonds, but their Hong Kong subsidiaries can tap the
+Euromarket and lend the funds to the parent.
+    Bankers said this role could be undermined by a five pct
+capital adequacy ratio that goes into effect next year,
+requiring many DTC's to increase their capital. Many Japanese
+banks are seeking special treatment for their largely offshore
+operations or a different risk calculation for their assets.
+    "I don't think this will stop them from coming here," said a
+banker. "But it may mean they have to conduct some of their
+offshore funding operations elsewhere."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1807" NEWID="12838">
+<DATE> 3-APR-1987 09:01:23.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0775&#31;reute
+b f BC-LIFFE-T-BONDS-GAIN-ON   04-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFFE T-BONDS GAIN ON JOBS DATA</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>U.S. T-bond futures gained half a point
+in the few minutes after news that the U.S. Non-farm payroll
+rose more slowly than earlier believed over the last two
+months, dealers said.
+    June T-bonds were trading at 97-2/32, or 31/32 down on the
+day, immediately before the figures. When the news came out,
+they made session highs of 97-17/32 before slipping to 97-
+12/32.
+    The payroll rose by 164,000 in March, against analysts'
+expectations of a 225,000 gain, while the Labour Department
+revised the February increase down to 236,000 from 337,000.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1808" NEWID="12839">
+<DATE> 3-APR-1987 09:01:38.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0777&#31;reute
+f f BC-******general-partner   04-03 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL PARTNERS WILLING TO PAY 110 DLRS/SHARE FOR GENCORP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1809" NEWID="12840">
+<DATE> 3-APR-1987 09:04:30.16</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0783&#31;reute
+b f BC-U.K.-MONEY-MARKET-REC   04-03 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET RECEIVES 205 MLN STG LATE HELP</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The Bank of England said it has provided
+around 205 mln stg late assistance to the market, bringing the
+total help today to 722 mln which compares with the Bank's
+revised deficit forecast of 800 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1810" NEWID="12841">
+<DATE> 3-APR-1987 09:05:14.40</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0784&#31;reute
+u f BC-BELGIAN-MONEY-SUPPLY   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN MONEY SUPPLY RISES IN FOURTH QUARTER 1986</TITLE>
+<DATELINE>    BRUSSELS, April 3 - </DATELINE><BODY>Belgian total money stock rose to
+1,140.4 billion francs at the end of 1986 from 1,115.4 billion
+at the end of the third quarter of last year and 1,055.0
+billion at the end of 1985, Belgian National Bank figures
+showed.
+    Paper money rose to 404.1 billion francs from 394.1 billion
+and 383.5 billion respectively, other forms of privately held
+money to 679.5 billion from 652.7 billion and 616.0 billion.
+    Money held by the public authorities fell to 56.8 billion
+francs from 68.6 billion at the end of the previous quarter but
+was above the 55.5 billion at the end of 1985, the bank said.
+    The government does not set money supply targets, arguing
+they are inappropriate to a small economy with major trading
+and monetary links with much larger trading countries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1811" NEWID="12842">
+<DATE> 3-APR-1987 09:05:40.57</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0786&#31;reute
+u f BC-STOLTENBERG-SAYS-PARI   04-03 0148</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG SAYS PARIS ACCORD POLICY TO CONTINUE</TITLE>
+<DATELINE>    BONN, April 3 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg said the currency agreement reached in Paris in
+February had been successful and would be continued.
+    Stoltenberg told journalists before he attends next week's
+International Monetary Fund meeting in Washington that: "The ...
+Strategy to stabilise currencies around current levels has
+proven its worth and will also determine future developments."
+    Stoltenberg declined to comment specifically on what he
+would consider to be an undervalued dollar but said a dollar
+around 1.80 marks created problems for West Germany's exports.
+    He said studies by international organisations had made it
+clear that especially in the U.S. And in Japan major efforts
+remained necessary to support adjustments in foreign trade
+balances via necessary corrections to economic policy.
+    "No-one would benefit if, after years of over-valuation, the
+U.S. Dollar fell into the other extreme, that is, strong
+under-valuation," he said.
+    Stoltenberg said West Germany had a keen interest in a
+swift agreement between the U.S. And Japan concerning the
+current trade dispute over semi-conductors.
+    Asked whether he believed the markets would test the Paris
+currency accord, Stoltenberg did not comment specifically but
+noted that much of what had been discussed in Paris had not
+been published.
+    The Paris declaration did not state the levels at which
+central banks of the major industrialised countries would
+intervene. Stoltenberg said that everything had been carefully
+considered. He said he had nothing further to add.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1812" NEWID="12843">
+<DATE> 3-APR-1987 09:05:49.84</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0788&#31;reute
+r f BC-BRAZILIAN-COFFEE-RAIN   04-03 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN COFFEE RAINFALL</TITLE>
+<DATELINE>    SAO PAULO, APRIL 3 - </DATELINE><BODY>THE FOLLOWING RAINFALL WAS RECORDDD IN
+THE AREAS OVER THE PAST 24 HOURS
+     PARANA STATE UMUARAMA 10.6 MILLIMETRES, PARANAVAI 12.2 MM,
+LONDRINA 6.0 MM, MARINGA 8.0 MM.
+    SAO PAULO STATE: PRESIDENZE PRUDENTE 1.0 MM, VOTUPORANGA
+26.0 MM, FRANCA NIL, CATANDUVA 0.1 MM, SAO CARLOS NIL, SAO
+SIMAO NIL. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1813" NEWID="12844">
+<DATE> 3-APR-1987 09:06:21.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0791&#31;reute
+u f BC-DATA-COORDINATION-TO   04-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA COORDINATION TO PLAY ROLE AT IMF, STOLTENBERG</TITLE>
+<DATELINE>    BONN, April 3 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg said international coordination of economic and
+financial policies as well as of economic indicators will be
+discussed at next week's meeting of the International Monetary
+Fund in Washington.
+    Stoltenberg told a news conference it had been decided at
+last year's Tokyo summit of seven leading industrialised
+nations that the possibility of such coordination would be
+reviewed.
+    Progress made by senior government officials in this sphere
+would be discussed at the IMF meeting and results would later
+be presented at this year's economic summit in Venice.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1814" NEWID="12845">
+<DATE> 3-APR-1987 09:06:35.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0793&#31;reute
+u f BC-FINAL-TERMS-SET-ON-BE   04-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINAL TERMS SET ON BELL GROUP CONVERTIBLE</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The conversion price on the 175 mln
+Australian dlr convertible eurobond for Bell Group NV has been
+set at 13.37 Australian dlrs per share, lead manager Banque
+Paribas Capital Markets said.
+    The 10-year bond, which pays 10 pct and is priced at par,
+is guaranteed by the parent company Bell Group Ltd whose shares
+closed in Australia today at 10.70 Australian dlrs. The
+conversion premium is 24.95 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1815" NEWID="12846">
+<DATE> 3-APR-1987 09:06:57.49</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0794&#31;reute
+b f BC-AVERAGE-DISCOUNT-RATE   04-03 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVERAGE DISCOUNT RATE AT UK BILL TENDER 9.5195 PCT</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The average rate of discount at today's
+U.K. Treasury bill tender rose to 9.5195 pct from 9.3157 pct
+last week, the Bank of England said.
+    This week's 100 mln stg offer of 91-day bills met
+applications of 327 mln stg, the bank said.
+    Applications for bills dated Monday to Friday at the top
+accepted rate of discount of 9.5261 pct were allotted about 81
+pct.
+    Next week 100 mln stg of Treasury bills will be offered,
+replacing 100 mln stg of maturities.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1816" NEWID="12847">
+<DATE> 3-APR-1987 09:08:24.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE><D>eyskens</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0796&#31;reute
+u f BC-BELGIAN-BOURSE-TAX-MO   04-03 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN BOURSE TAX MOVE BLOCKED IN CABINET</TITLE>
+<DATELINE>    BRUSSELS, April 3 - </DATELINE><BODY>Finance Ministry proposals for
+abolishing bourse transaction taxes for non-residents have been
+blocked in cabinet and will not be re-submitted for several
+weeks, a Finance Ministry spokesman said.
+    Government sources said the blockage would also delay an
+announcement of measures that would simplify the procedure for
+non-residents to recoup the 25 pct withholding tax levied on
+investment income in Belgium.
+    Finance Minister Mark Eyskens told Reuters yesterday that
+he hoped the cabinet would approve the bourse transaction tax
+proposals today.
+    Eyskens also said he would in the next few days announce
+plans to simplify and eventually stop the procedure for foreign
+investors to reclaim witholding tax.
+    Financial analysts said the current procedure is so slow
+that it effectively acts as a barrier to foreign investment in
+Belgium, especially in the bond market.
+    They said the move to simplify it would be far more
+significant than the abolition for non-residents of the bourse
+transaction taxes. These are set at three rates -- 0.07 pct,
+0.14 pct and 0.35 pct -- according to the security transacted.
+    Government sources said abolition of the bourse taxes for
+foreign investors had been held up by concern in the cabinet
+over the budgetary impact of the move, put by the ministry
+spokesman at 125 mln francs a year.
+    The sources said it was likely that this proposal and plans
+to simplify the witholding tax procedure would now be submitted
+together to the cabinet in several weeks.
+    Eyskens said abolition of the transaction taxes for
+non-residents would make Brussels one of the few stock
+exchanges in the world where foreign investors were not
+subjected to such a tax.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1817" NEWID="12848">
+<DATE> 3-APR-1987 09:10:14.84</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0799&#31;reute
+r f BC-IMF,-WORLD-BANK-TO-ME   04-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF, WORLD BANK TO MEET AMID NEW INFLATION FEARS</TITLE>
+<AUTHOR>    By Alver Carlson, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Amid new concerns about inflation,
+interest rate increases and trade confrontations,
+finance ministers and central bankers meet next week to discuss
+a deteriorating global debt and economic situation.
+    The meetings, under the auspices of the International
+Monetary Fund and World Bank, come as interest rates are
+turning higher and the already-weak dollar has sunk further,
+upsetting bond and stock markets.
+    Uncertainty is growing about the vitality of the global
+economy and whether the heavily-indebted countries can continue
+to carry the burden of their growing debt without vast new
+assistance.
+    Monetary and diplomatic sources said there are no signs
+any new debt initiative of the sort that Treasury Secretary
+James Baker unveiled 18 months ago in Seoul is in the works.
+    The strategy has drawn a serious challenge from Brazil,
+which suspended interest payments on 67 billion dlrs of
+commercial bank debt last month. The Banks have responded by
+laying the groundwork for writing down Brazilian loans.
+    Separately, French Prime Minister Jacques Chirac, in a
+visit earlier this week with President Reagan, sounded out the
+administration on a plan to funnel worldwide grain surpluses to
+the very poorest states.
+    The French plan is certain to be discussed by the ministers
+in detail during next week's meetings and will undoubtedly be
+embraced by the developing countries.
+    "There's interest on the part of some countries for looking
+at the support of the special problems of the very poorest
+countries, because their position is so extreme," a Reagan
+administration official said.
+    He suggested Washington was open to disussing the issue.
+    The meetings will also assess the success of the Baker debt
+initiative, which called for new funding to help debtor
+countries grow out of their problems.
+    The largest industrial countries have been attempting to
+coordinate economic policy in the hope of controlling the
+decline of the dollar, U.S. trade and budget deficits and other
+problems.
+    At the same time, the industrial countries see little
+evidence of a strengthening of economic activity and the Fund
+forecasts they will grow 2.5 pct.
+    The United States sees 3.2 pct growth for itself, 
+continuing its expansion for a fifth year, and has asked other
+industrial countries to stimulate their economies.
+    These issues directly affect the debt problem and the
+ability of the debtor countries to grow out of their
+difficulties.
+    In recent years, U.S. markets have absorbed the exports of
+developing country, allowing them to earn critical foreign
+exchange. But the United States wants to cut its trade deficit,
+running at a record 169.8 billion dlrs, and is pressing others
+to import more from developing countries.
+    The discussions, from April six to 10, will be
+wide-ranging, touching everything from interest rates to the
+impact of development loans on the environment, according to
+monetary sources.
+    The talks will include an examination of trade
+protectionist pressures in the wake of a decision by the Reagan
+administration to place some 300 mln dlrs in tariffs on
+microchip products from Japan, the sources said.
+    The move accelerated the dollar's decline as financial
+markets grew alarmed that trade war was in the offing.
+    There is concern that the action, prompted by U.S. charges
+that Japan has been selling computer chip products below fair
+market value and has kept its own market closed to imports,
+further undermining the international trading system.
+    At the same time, the ministers will discuss the
+fundamental price weakness in basic commodities, the export
+mainstay of many developing countries.
+    The so-called Group of Five industrial countries -- the
+United States, Japan, West Germany, France and Britain -- will
+gather for the first time since their February talks in Paris,
+where they agreed to keep the dollar from sliding further.
+    The Five will be joined later by Italy and Canada for
+further debate on economic policy coordination.
+    As part of the Paris accord, surplus countries such as
+Japan agreed to stimulate their economies, while America
+said it would reduce its federal budget deficit.
+    Other major issues of the meetings include a U.S. bid to to
+have a larger say in approving loans of the Inter-American
+Development Bank, strengthening the link between loans and
+economic policy changes in debtor nations.
+    Washington is also pressing the World Bank to take more
+account of the environment when making loan for dams and other
+projects.
+    The new head of the Bank, Barber Conable, has said this
+issue is being reviewed and will be part of a reorganization
+plan for the Bank, now being prepared.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1818" NEWID="12849">
+<DATE> 3-APR-1987 09:17:26.09</DATE>
+<TOPICS><D>ship</D><D>grain</D></TOPICS>
+<PLACES><D>uk</D><D>ussr</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0825&#31;reute
+u f BC-LONDON-FREIGHT-MARKET   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON FREIGHT MARKET FEATURES USSR TIMECHARTERS</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Active timecharter fixing by Soviet
+operators to cover USSR grain imports featured the freight
+market, ship brokers said.
+    At least two fixtures were reported on Soviet account to
+lift EC grain, with a 22,000 tonner booked from Tilbury for a
+voyage via lower Baltic Sea and redelivery passing Skaw at
+4,000 dlrs daily and a 27,000 tonner from Ceuta for a voyage
+via the U.K. And redelivery Skaw-Cape Passero at 4,500 dlrs
+daily.
+    The Soviets also secured a 34,000 tonner from Gibraltar for
+a trans-Atlantic round trip at 4,500 dlrs daily and a 61,000
+tonner for similar business at 6,750 dlrs daily.
+    Brokers said several other fixtures were also thought to be
+connected with Soviet grain, including a 69,000 tonner from
+Taranto for five to seven months at 6,500 dlrs daily. Similar
+fixing was reported yesterday at 6,000 dlrs.
+    Other timecharter fixing included a 14,000 tonner from
+Indonesia to the U.S. Gulf at 2,800 dlrs daily and a combined
+carrier of 75,000 tonnes dw from the U.S. Gulf to Italy at
+9,000 dlrs daily.
+    Severel vessels were booked from Antwerp-Hamburg range,
+including a 61,000 tonner bound for Singapore-Japan at 7,500
+dlrs daily and a 16,000 tonner destined for west coast India at
+5,000 dlrs.
+    Grain fixing was much quieter out of the U.S. Gulf, with no
+fresh business seen on the significant routes to the Continent
+or Japan, although tonnage was secured for at least five small
+corn cargoes from the Gulf to Jamaica at between 21 and 25
+dlrs. Wheat from the River Plate and Buenos Aires to Sri Lanka
+received 26 dlrs.
+    Market talk suggested 11 dlrs had been paid for grain from
+the U.S. North Pacific to Japan but no confirmation was
+available.
+    Fairly active grain fixing emerged out of the Continent,
+however, with maize covered from Nantes to Egypt at 15 dlrs,
+and bagged flour from Greece to China at 27 dlrs.
+    Barley cargoes were arranged from Immingham to the Red Sea
+at 17.25 dlrs and from Foynes to Jeddah at 17.25 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1819" NEWID="12850">
+<DATE> 3-APR-1987 09:19:48.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0834&#31;reute
+b f BC-ST-GALLEN-LAUNCHES-50   04-03 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST GALLEN LAUNCHES 50 TO 60 MLN SWISS FRANC BOND</TITLE>
+<DATELINE>    ZURICH, April 3 - </DATELINE><BODY>The Swiss canton of St Gallen is
+launching a 50 to 60 mln Swiss franc 4-1/4 pct maximum 12-year
+bond at 100-1/4 pct, lead manager St Gallen Kantonalbank said.
+    Subscriptions close April 15 and payment date is April 30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1820" NEWID="12851">
+<DATE> 3-APR-1987 09:22:42.12</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0845&#31;reute
+r f BC-NERCO-&lt;NER>-TO-ACQUIR   04-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NERCO &lt;NER> TO ACQUIRE INTEREST IN GAS FILED</TITLE>
+<DATELINE>    PORTLAND, Ore., April 3 - </DATELINE><BODY>Nerco Inc said it has agreed to
+acquire a 47 pct working interest in the Broussard Gas Field in
+southern Louisiana from privately-owned &lt;Davis Oil Co> for
+about 22.5 mln dlrs in cash.
+    Nerco said the interest being purchased will give it
+estimated proven oil and gas reserves equal to six billion
+cubic feet of natural gas. The property includes six gas wells,
+one oil well two undeveloped drilling locations, a central
+production facility and a gas gathering system.
+    Nerco is 90 pct owned by PacifiCorp &lt;PPW>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1821" NEWID="12852">
+<DATE> 3-APR-1987 09:23:22.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0847&#31;reute
+d f BC-CANRAD-&lt;CNRD>-ACQUIRE   04-03 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANRAD &lt;CNRD> ACQUIRES MEASUREMENT SYSTEMS</TITLE>
+<DATELINE>    NEWARK, N.J., April 3 - </DATELINE><BODY>Canrad Inc said it acquired the
+Measurement Systems Division of &lt;Page-Wilson Corp> for an
+undisclosed amount of cash.
+    Canrad said the acquisition is expected to increase its
+annual revenues by about 10 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1822" NEWID="12853">
+<DATE> 3-APR-1987 09:23:27.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0848&#31;reute
+d f BC-PANTERA'S--&lt;PANT>-ACQ   04-03 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANTERA'S  &lt;PANT> ACQUIRES 10 RESTAURANTS</TITLE>
+<DATELINE>    ST. LOUIS, April 3 - </DATELINE><BODY>Pantera's Corp said it closed on its
+agreement to acquire ten pizza restaurant locations in
+southeastern Colorado.
+    It said the purchase price was 1,250,000 dlrs, which was
+paid by cash and stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1823" NEWID="12854">
+<DATE> 3-APR-1987 09:23:31.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0849&#31;reute
+h f BC-HARLYN-PRODUCTS-&lt;HRLN   04-03 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARLYN PRODUCTS &lt;HRLN> WINS CONTRACT</TITLE>
+<DATELINE>    LOS ANGELES, April 3 - </DATELINE><BODY>Harlyn Products Inc said its
+Paramount Wedding Ring division has received an order of more
+than one mln dlrs from a major department store chain.
+    The company did not identify the department store.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1824" NEWID="12855">
+<DATE> 3-APR-1987 09:25:23.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D><D>italy</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0854&#31;reute
+r f BC-STOLTENBERG-SEES-NO-"   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG SEES NO "ITALIAN PROBLEM" AT G-7</TITLE>
+<DATELINE>    BONN, April 3 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg said he foresaw no problem about Italian
+participation in talks held by Group of Seven (G-7) Finance
+Ministers and central bankers ahead of the International
+Monetary Fund (IMF) meeting next week.
+    Italy refused to join a G-7 meeting in Paris in February,
+angered at not being invited to a prior working dinner of the
+G-5 countries - U.S., U.K., West Germany, France and Japan.
+    Stoltenberg told a news conference he saw no difficulties
+about Italy joining the G-7 Washington talks, which he said
+would be preceded by other informal and bilateral talks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1825" NEWID="12856">
+<DATE> 3-APR-1987 09:30:53.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0862&#31;reute
+r f BC-DATA-COORDINATION-TO   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA COORDINATION TO BE DISCUSSEED AT IMF</TITLE>
+<DATELINE>    BONN, April 3 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg said international coordination of economic and
+financial policies as well as of economic indicators will be
+discussed at next week's meeting of the International Monetary
+Fund in Washington.
+    Stoltenberg told a news conference it had been decided at
+last year's Tokyo summit of seven leading industrialised
+nations that the possibility of such coordination would be
+reviewed.
+    Progress made by senior government officials in this sphere
+would be discussed at the IMF meeting and results would later
+be presented at this year's economic summit in Venice.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1826" NEWID="12857">
+<DATE> 3-APR-1987 09:32:14.16</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0866&#31;reute
+u f BC-NORANDA-SAYS-MINE-FIR   04-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA SAYS FIRE CAUSED 10 MLN DLRS IN DAMAGE</TITLE>
+<DATELINE>    Murdochville, Quebec, April 3 - </DATELINE><BODY>&lt;Noranda Inc> said a copper
+mine fire that killed one miner and trapped 44 others for
+nearly a day caused an estimated 10 mln Canadian dlrs in
+damage.
+    The fire, which started Wednesday and burned for more than
+24 hours, destroyed the mine's three-year-old conveyor system,
+officials said.
+    Michel Lefebvre, vice president of operations, said Noranda
+will operate the mine at about one third of its normal 72,000
+short ton annual finished capacity, using above ground
+reserves, until it decides whether to keep the mine open.
+    "The events we sustained yesterday and the day before are a
+very serious setback for Gaspe Mines operations," Lefebvre said.
+Gaspe Mines is the name of the Noranda division that operates
+the Murdochville mine.
+    He said it would take four or five months to bring
+operations up to full capacity if the company decides to do so,
+adding that he believes there is a good chance Noranda will
+fully reopen the mine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1827" NEWID="12858">
+<DATE> 3-APR-1987 09:32:25.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0867&#31;reute
+b f BC-GENERAL-PARTNERS-TO-R   04-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL PARTNERS TO RAISE BID FOR GENCORP &lt;GY></TITLE>
+<DATELINE>    AKRON, Ohio, April 3 - </DATELINE><BODY>&lt;General Partners> said it was
+prepared to raise its bid for GenCorp Inc to 110 dlrs cash per
+share from 100 dlrs per share.
+    In a letter from General Partners to A. William Reynolds,
+chairman and chief executive officer of GenCorp, the company
+stated that if GenCorp could prove the company was worth more,
+General Partners would be willing to consider an even higher
+price.
+    General Partners also left open the possibility of an
+alternative to an all-cash offer.
+    General Partners told GenCorp if it believed shareholders
+would be better served by a smaller cash price with a security
+representing a continuing long-term interest in GenCorp's
+prospects, it would be willing to discuss an alternative.
+    Specifically, General Partners said it was prepared to
+discuss an acquisition giving shareholders a continuing
+interest in Aerojet General, a valued business of GenCorp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1828" NEWID="12859">
+<DATE> 3-APR-1987 09:37:06.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0888&#31;reute
+u f AM-SAFRICA-MINES   04-03 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICA MINERS DEFY SINGLE-SEX RULE IN HOSTELS</TITLE>
+<DATELINE>    JOHANNESBURG, April 3 - </DATELINE><BODY>Black miners, rebelling against the
+loneliness of men-only hostels, have brought wives and children
+to live with them at seven South African coal mines, a union
+leader said today.
+    Cyril Ramaphosa told a news conference about 600 wives and
+children moved into the hostels last weekend, in defiance of
+single-sex regulations. About 350 left after the weekend but
+the others stayed on.
+    "The time has come for them (miners and families) to start
+living naturally," said Ramaphosa, who is president of the
+National Union of Mineworkers (NUM).
+    A spokesman for Anglo-American, the giant corporation which
+owns the mines affected, said negotiations were being held with
+the NUM on the issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1829" NEWID="12860">
+<DATE> 3-APR-1987 09:42:20.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0911&#31;reute
+r f BC-MANGOOD-CORP-&lt;MAB>-YE   04-03 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANGOOD CORP &lt;MAB> YEAR OPER LOSS</TITLE>
+<DATELINE>    FORT ATKINSON, WIS., April 3 -
+    </DATELINE><BODY>Oper shr loss 6.07 vs loss 7.64 dlrs
+    Oper net loss 6,235,000 vs loss 4,801,000
+    Sales 70.1 mln vs 60.6 mln
+    Avg shrs 1,028,000 vs 629,000
+    NOTE: 1986 earnings exclude a gain on restructuring of
+3,143,000 dlrs, or 3.01 dlrs a share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1830" NEWID="12861">
+<DATE> 3-APR-1987 09:42:40.93</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0913&#31;reute
+u f BC-NORANDA-SAYS-MINE-FIR   04-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA COPPER MINE FIRE CAUSED HEAVY DAMAGE</TITLE>
+<DATELINE>    MURDOCHVILLE, Quebec, April 3 - </DATELINE><BODY>&lt;Noranda Inc> said a copper
+mine fire that killed one miner and trapped 44 others for
+nearly a day caused an estimated 10 mln Canadian dlrs in
+damage.
+    The fire, which started Wednesday and burned for more than
+24 hours, destroyed the mine's three-year-old conveyor system,
+officials said.
+    Michel Lefebvre, vice president of operations, said Noranda
+will operate the mine at about one-third of its normal 72,000
+metric ton annual finished capacity, using above ground
+reserves, until it decides whether to keep the mine open.
+    "The events we sustained yesterday and the day before are a
+very serious setback for Gaspe Mines operations," Lefebvre said.
+Gaspe Mines is the name of the Noranda division that operates
+the Murdochville mine.
+    He said it would take four or five months to bring
+operations up to full capacity if the company decides to do so,
+adding that he believes there is a good chance Noranda will
+fully reopen the mine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1831" NEWID="12862">
+<DATE> 3-APR-1987 09:43:28.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0917&#31;reute
+h f BC-&lt;AMERICAN-WEST-BANK>   04-03 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AMERICAN WEST BANK> FIRST QTR NET</TITLE>
+<DATELINE>    ENCINO, Calif., April 3 -
+    </DATELINE><BODY>Net 90,501 vs 56,960
+    Assets 42.0 mln vs 34.9 mln
+    Deposits 35.9 mln
+    Loans 27.6 mln vs 23.9 mln
+    NOTE: earnings per share and 1985 deposits figure  not
+supplied by company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1832" NEWID="12863">
+<DATE> 3-APR-1987 09:46:25.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0928&#31;reute
+r f BC-belmoral   04-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELMORAL MINES TO ISSUE 24.9 MLN DLRS STOCK</TITLE>
+<DATELINE>    TORONTO, April 3 - </DATELINE><BODY>&lt;Belmoral Mines Ltd> said it agreed to
+sell 5,250,000 common shares and 2,625,000 purchase warrants
+for 24.9 mln dlrs to McCarthy Securities Ltd for private
+placements to European and Canadian investors.
+    The agreement provides for the sale of preferred and common
+shares of Belmoral held by Continental Illinois Bank (Canada)
+according to a prior agreement which gave Belmoral the right to
+designate a purchaser for the bank's stock. Belmoral said it
+will redeem the first preferred shares.
+    The transactions are subject to regulatoral approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1833" NEWID="12864">
+<DATE> 3-APR-1987 09:47:11.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0933&#31;reute
+r f BC-BELL-SOUTH-&lt;BLS>-UNIT   04-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL SOUTH &lt;BLS> UNIT TO BUY 600,000 LINES</TITLE>
+<DATELINE>    ORLANDO, April 3 - </DATELINE><BODY>Bell South Corp's South Central Bell
+operating company plans to purchase 600,000 lines of digital
+central office equipment by the end of the decade from a
+subsidiary of &lt;Plessey Co Ltd>, Plessey said.
+    Plessey's subsidiary, Stromberg-Carlson, said the value of
+the purchase will be between 100 mln dlrs and 200 mln dlrs. It
+said it received the notification of the purchase following the
+conclusion of a digital switch study performed by BellSouth
+Services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1834" NEWID="12865">
+<DATE> 3-APR-1987 09:47:22.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0934&#31;reute
+u f BC-BP-&lt;BP>-ADR'S-TO-REPR   04-03 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP &lt;BP> ADR'S TO REPRESENT MORE ORDINARY SHARES</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>British Petroleum Co Plc's proposed
+capitalization share issue, announced earlier today in London,
+will result in each of the company's ADRs representing 12
+ordinary shares, up from the current four, a BP North America
+Inc spokesman said.
+    He explained that the proposed capitalization share issue,
+which is subject to the approval of shareholders at an
+extraordinary general meeting to be held April 30, immediately
+following the annual general meeting, is effectively a
+three-for-one stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1835" NEWID="12866">
+<DATE> 3-APR-1987 09:47:30.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0935&#31;reute
+d f BC-R.R.-DONNELLY-&lt;DNY>-T   04-03 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>R.R. DONNELLY &lt;DNY> TO SELL CABLE SYSTEM</TITLE>
+<DATELINE>    CHICAGO, April 3 - </DATELINE><BODY>R.R. Donnelly and Sons Co said it
+reached an agreement with Adams-Russell Co Inc &lt;AAR> to sell
+Adams its Rockford, Ill., cable system for an undisclosed
+price.
+    R.R. Donnelly said it expects the deal to close in about
+120 days, subject to regulatory approvals and other conditions.
+    The cable system serves about 51,000 subscribers in the
+communities of Rockford, Loves Park, Machesney Park, Cherry
+Valley, Morristown and Winnebago County, Ill., R.R. Donnelly
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1836" NEWID="12867">
+<DATE> 3-APR-1987 09:47:45.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0936&#31;reute
+d f BC-DIGITAL-COMMUNICATION   04-03 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL COMMUNICATIONS &lt;DCAI> SEES LITTLE IMPACT</TITLE>
+<DATELINE>    ATLANTA, April 3 - </DATELINE><BODY>Digital Communications Associates said
+the new personal computers announced yesterday by International
+Business Machines Corp &lt;IBM> are expected to have little
+near-term effect on Digital Communications.
+    The company said some product modifications will be
+required, but they appear to be straight forward and do not
+represent major development challenges.
+    The company said it will pursue two prime areas -- the
+configuration of its products for use with Mocrosoft Corp's
+&lt;MSFT> new operating system which has been adopted for use in
+the IBM products, and changes requried by the use of a new bus
+architecture in certain IBM products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1837" NEWID="12868">
+<DATE> 3-APR-1987 09:48:01.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0939&#31;reute
+d f BC-AMERICAN-PRECISION-&lt;A   04-03 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN PRECISION &lt;APR>, WORKERS HAVE AGREEMENT</TITLE>
+<DATELINE>    BUFFALO, N.Y., April 3 - </DATELINE><BODY>American Precision Industries Inc
+said members of United Auto Workers Local 1416 and the
+company's Delevan and Deltran divisions reached agreement on a
+three-year contract.
+    The company provided no details other than the contract is
+effective from March 29, 1987, through March 31, 1990.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1838" NEWID="12869">
+<DATE> 3-APR-1987 09:48:28.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0942&#31;reute
+d f BC-BIOMET-INC-&lt;BMET>-3RD   04-03 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOMET INC &lt;BMET> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    WARSAW, Ind., April 3 -
+    </DATELINE><BODY>Shr 18 cts vs 13 cts
+    Net 2,133,000 vs 1,384,000
+    Revs 14.1 mln vs 11.7 mln
+    Nine mths
+    Shr 49 cts vs 36 cts
+    Net 5,657,000 vs 3,728,000
+    Revs 39.7 mln vs 31.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1839" NEWID="12870">
+<DATE> 3-APR-1987 09:48:36.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0943&#31;reute
+d f BC-EAC-INDUSTRIES-&lt;EAC>   04-03 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAC INDUSTRIES &lt;EAC> ENTERS NEW LOAN AGREEMENT</TITLE>
+<DATELINE>    CHICAGO, April 3 - </DATELINE><BODY>EAC Industries Inc said it entered a new
+loan and security agreement with its banks, raising sufficient
+funds to completely retire its existing bank debt.
+    It said the loan agreement provides for up to 30 mln dlrs
+of borrowing power.
+    After repayment of existing bank debt and providing for
+certain letters of credit, 4.3 mln dlrs remains for future
+needs, the company said.
+    EAC said the new lending arrangement will allow it to focus
+attention on improving the company's basic business. It added
+that it anticipates the fiscal year that began Feb 1, 1987,
+will be a "significant improvement" over the year ended January
+31.
+    It said the loans mature in March 1990.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1840" NEWID="12871">
+<DATE> 3-APR-1987 09:51:38.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0950&#31;reute
+r f BC-NYNEX-&lt;NYN>-TO-SELL-N   04-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYNEX &lt;NYN> TO SELL NEW IBM &lt;IBM> COMPUTERS</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., April 3 - </DATELINE><BODY>Nynex Corp said its Nynex
+Business Centers on Monday will start marketing International
+Business Machine Corp's new line of personal computers.
+    The company said the computers will be available for
+businesses to test.
+    Nynex Business Centers, a unit of the Nynex Business
+Information Systems Co, operates nearly 100 centers in 33
+states. The centers market computers from IBM, Apple Computer
+Inc &lt;AAPL> and Compaq Computer Corp &lt;CPQ>, as well as software,
+peripherals, telephone systems and typewriters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1841" NEWID="12872">
+<DATE> 3-APR-1987 09:54:42.24</DATE>
+<TOPICS><D>corn</D><D>grain</D></TOPICS>
+<PLACES><D>spain</D><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0958&#31;reute
+u f BC-SPAIN-AGREES-SALE-OF   04-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN AGREES SALE OF CORN TO GREECE</TITLE>
+<DATELINE>    MADRID, April 3 - </DATELINE><BODY>Greece has agreed to buy between 27,000
+and 33,000 tonnes of Spanish corn, a spokesman for Cargill's
+Spanish unit Compania Industrial y de Abastecimiento S.A.
+(CINDASA) said.
+    He told Reuters the sale price was around 28.95 pesetas per
+kilo but that the final quantity and delivery date has not yet
+been set. The corn will be shipped in the coming days from
+Valencia.
+    He said CINDASA will also ship 6,000 to 7,000 tonnes of
+Spanish corn to Italy in the second half of this month.
+    The CINDASA spokesman said other corn shipments this month
+will include between 15,000 and 30,000 tonnes bound initially
+for Rotterdam and Ghent and destined for unspecified northern
+European countries. He said shipments of 35,000 to 50,000
+tonnes of low specific gravity barley were also expected this
+month and added that Greece, the Netherlands, Ireland and
+Belgium were considering imports of Spanish flour for milling.
+    Market sources said the corn exports, the absence of
+imports from the rest of the EC and the delay in shipments of
+corn from the U.S. Had pushed domestic corn prices up by around
+0.25 pesetas a kilo today compared with yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1842" NEWID="12873">
+<DATE> 3-APR-1987 09:55:17.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0961&#31;reute
+r f BC-NEWMONT-GOLD-&lt;NGC>-OF   04-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWMONT GOLD &lt;NGC> OFFERS SHARES</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Newmont Gold Co is offering five mln
+common shares at 31 dlrs apiece, co-managing underwriters
+Kidder, Peabody and Co, Lazard Freres and Co and Salomon
+Brothers Inc said.
+    All shares are being issued and offered by the company. The
+underwriters have been granted an option to buy up to 500,000
+more shares to cover over-allotments.
+    Proceeds will be used to repay long-term debt owed to
+Newmont Mining Corp &lt;NEM>, which will own over 90 pct of
+Newmont Gold after the offer. Proceeds will also be used for
+general purposes, the gold production company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1843" NEWID="12874">
+<DATE> 3-APR-1987 09:57:25.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0964&#31;reute
+r f BC-EAC-INDUSTRIES-INC-&lt;E   04-03 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAC INDUSTRIES INC &lt;EAC> 4TH QTR OPER LOSS</TITLE>
+<DATELINE>    CHICAGO, April 3 - </DATELINE><BODY>Period ended Jan 31
+    Oper shr loss 66 cts vs loss 1.29 dlrs
+    Oper net loss 1,309,000 vs loss 2,522,000
+    Sales 25.1 mln vs 19.9 mln
+    Year
+    Oper shr loss 65 cts vs loss 97 cts
+    Oper net loss 1,287,000 vs loss 1,882,000
+    Sales 113.4 mln vs 76.6 mln
+    NOTE: Earnings exclude a loss on sale of discontinued
+operations of 17,000 dlrs, or one ct a share vs a gain of
+1,383,000 dlrs, or 70 cts a share in the quarter and gains of
+300,000 dlrs, or 15 cts a share vs 1,941,000 dlrs, or 1.00 dlr
+a share for the year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1844" NEWID="12875">
+<DATE> 3-APR-1987 09:57:37.05</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0965&#31;reute
+u f BC-BUNDESBANK-GROSS-RESE   04-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK GROSS RESERVES RISE AT MARCH CLOSE</TITLE>
+<DATELINE>    FRANKFURT, April 3 - </DATELINE><BODY>The Bundesbank's gross currency
+reserves rose 300 mln marks in the last week of March to 104.9
+billion marks, the Bundesbank said in a statement.
+    At the same time its foreign liabilities rose 100 mln to
+22.8 billion, producing a rise in net reserves of 200 mln to
+82.2 billion on March 31.
+    The Bundesbank provided banks with liquidity in the fourth
+March week by disbursing funds in the money market via
+government-owned banks. Banks took up the Bundesbank's standing
+offer of treasury bills to place excess liquidity.
+    Banks received more liquidity through routine month-end
+payments by public authorities as well as expansionary market
+factors than was lost through the 2.3 billion mark rise in cash
+in circulation to 122.3 billion, the Bundesbank said.
+    But banks had to draw heavily on the Lombard emergency
+financing facility due to month-end tightness, borrowing 5.3
+billion marks.
+    Overall, banks' holdings at the Bundesbank rose 10.2
+billion marks to 58.5 billion at the end of the month,
+averaging 50.9 billion in the whole of March.
+    The minimum reserve requirement for March, before deduction
+of banks' cash holdings, was set at 61 billion marks.
+    Public authorities' net holdings at the Bundesbank fell to
+2.2 billion marks in the last March week from 4.4 billion the
+week before. The federal states' holdings fell 2.6 billion to
+2.4 billion.
+    The federal government's holdings rose 700 mln marks to 5.1
+billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1845" NEWID="12876">
+<DATE> 3-APR-1987 09:58:42.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0971&#31;reute
+h f BC-ECONOMIC-SPOTLIGHT--   04-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - TOKYO HARD ON FOREIGN TRADERS</TITLE>
+<AUTHOR>    By Steven Brull, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 2 - </DATELINE><BODY>Overseas securities firms are spending
+millions of dollars to set up operations in Tokyo, but many
+will end up losing money, industry sources said.
+    For banks and securities firms eager to establish
+themselves as international players, building a presence in
+Japan has become an imperative. Thirty-six are already licensed
+to trade securities on the Tokyo Stock Exchange, the world's
+second largest. More than 50 are expected by year-end.
+    But, as deregulation erodes brokers' profits and the global
+share-buying spree is predicted to subside, only those
+securities traders with first-class financial muscle will
+survive, the sources said.
+    "There will be foreigners' fallout. They come in here with
+too glib ideas about how they can survive," said David Miller,
+director and general manager of Jardine Fleming (Securities)
+Ltd's Tokyo branch.
+    Despite soaring share prices, sharp falls in commissions on
+stock transactions have hurt even brokerages that came to Tokyo
+early.
+    "Japanese equities are no longer a very profitable business.
+The margins are nothing like they were two or three years ago.
+Things are not as rosy as they may seem," Miller said.
+    Publicly reported earnings of foreign securities houses in
+Japan for the half-year ended September 30, 1986, showed
+Salomon Brothers Asia Ltd on top with profits of 1.7 billion
+yen. Most other firms reported hefty gains over the year
+before. But industry sources say the figures do not fully
+reveal the costs of running an international brokerage in the
+world's most expensive city.
+    Salary packages with free housing for novice analysts
+routinely run more than 100,000 dlrs a year. Miller, whose firm
+had earnings of 1.4 billion yen for the half-year to September
+1986, said costs for an operation strong enough to endure are
+10 to 15 mln dlrs a year. "I'd be surprised if more than two or
+three were making money if they honestly accounted for their
+costs," he said.
+    To bring commissions closer to world rates, the Finance
+Ministry slashed fixed brokerage fees last year, especially on
+large-lot deals. In a few years, all rates may be negotiated as
+they are in New York and London, industry sources said.
+    Since last October's Big Bang deregulation of London's
+financial markets, at least half the equity trading deals there
+have generated no commission income at all. Stockbroking firms
+are unlikely to make money until some are forced out of
+business, analysts said.
+    The first foreign firms to set up here, especially the six
+admitted as members in February 1986, have an advantage over
+the latecomers, they said. The six are &lt;Merrill Lynch Japan
+Inc>, &lt;Goldman Sachs International Corp>, &lt;Morgan Stanley
+International Inc>, &lt;Vickers Da Costa Ltd>, &lt;Jardine Fleming
+Securities Ltd> and &lt;S.G. Warburg and Co (Japan) Ltd>.
+    The memberships, which cost about five mln dlrs, allow
+firms to execute their own trades and, unlike houses with
+branch status, avoid paying away 27 pct of their commissions to
+have member firms place trades.
+    Members can also communicate instantly with the exchange
+floor, a vital source of information in a market that tends to
+follow the leader. Sources said seven to 10 more seats on the
+exchange are likely to open up sometime in 1988.
+    For non-member firms, wrestling away market share from
+tenacious Japanese and foreign firms is costly and intangibles
+sometimes prove even more important than exchange membership.
+    "Your name is better known if you're a member of the right
+club," Miller said. "It's easier to hire ... New people."
+    To inaugurate its Japan operation, &lt;SBCI Securities (Asia)
+Ltd> flew out the Basel Ballet last January for receptions in
+Tokyo and Osaka. The firm, 50 pct owned by &lt;Swiss Bank Corp>,
+gave guests gifts of Swiss chocolates and Swatch watches.
+    "It's expensive, but a party like that is a token of the
+serious way we regard our development in Tokyo," SBCI's Tokyo
+branch manager Gregory Shenkman said.
+    To establish its position quickly, SBCI hired a 26-strong
+research unit from &lt;W.I. Carr (Overseas) Ltd>'s Tokyo office.
+    "I was very lucky," Shenkman said. "I was anticipating a
+considerable struggle to organically develop a research team.
+    "I am not particularly optimistic for the prospects in the
+Japanese equity market for continental European banks who have
+little experience in equities outside their domestic equity
+market," he said.
+    But the prospect of closing down operations may be worse.
+    "One would be ill-advised to open here and close, and then
+decide to open again two or three years later. I'm not sure the
+Japansese community would respond well to that sort of
+attitude," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1846" NEWID="12877">
+<DATE> 3-APR-1987 09:58:54.22</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>dmk</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0973&#31;reute
+r f BC-TURKISH-CENTRAL-BANK   04-03 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH CENTRAL BANK SETS LIRA/DOLLAR, DM RATES</TITLE>
+<DATELINE>    ANKARA, April 3 - </DATELINE><BODY>Turkey's Central Bank set a lira/dollar
+rate for April 6 of 781.95/785.86 to the dollar, up from
+782.50/786.41. It set a lira/D-mark rate of 430.15/432.30 to
+the mark, down from 428.30/430.44.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1847" NEWID="12878">
+<DATE> 3-APR-1987 10:01:50.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0987&#31;reute
+r f BC-WESSANEN-FORESEES-STR   04-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESSANEN FORESEES STRONG PROFIT GROWTH</TITLE>
+<DATELINE>    AMSTERDAM, April 3 - </DATELINE><BODY>Dutch dairy and general foods
+manufacturer Koninklijke Wessanen NV &lt;WESS.AS>, said it is
+planning further world-wide acquisitions and forsees strong
+profit growth over the next 10 years.
+     Company chairman Gerrit van Driel told journalists at the
+presentation of Wessanen's 1986 report he already expected 1987
+first quarter profits to show an increase.
+    The company last month reported a 16 pct increase in 1986
+net profits to 72.7 mln guilders, after 62.3 mln in 1985.
+    This was achieved despite a 25 pct drop in the dollar's
+guilder value, van Driel said.
+    Van Driel said profits would have been nine mln guilders
+higher if the US currency had remained at its average 1985
+level of 3.20 guilders.
+    Turnover, at 3.7 billion guilders in 1986, was 450 mln
+guilders down because of the lower dollar and lower raw
+material prices. Total 1985 turnover was 4.2 billion guilders.
+    US activities accounted for 34 pct of 1986 turnover,
+compared with 22 pct in 1982. Wessanen now has 15 separate
+businesses in the US out of a total of 62 world-wide.
+    Van Driel said the company would continue an active
+takeover policy in the US, but would be wary about paying more
+than its current price/earnings ratio of 17 times net profit.
+    He added that Wessanen teams were seeking acquisition
+possibilities in Brazil, Taiwan, Thailand and China.
+    He said the company had an ample cashflow of 100 mln
+guilders and would if necessary make new share issues.
+    Van Driel said he expected a 1987 US turnover of 700 mln
+dlrs. He said &lt;Balanced Foods> and &lt;Green's Dairy>, taken over
+late last year, have a combined annual turnover of 126 mln dlrs
+which was not included in the 1986 account.
+    All sectors saw strong growth in 1986, resulting in a 13
+pct increase in operating income to 120 mln guilders. Key to
+this growth was the successful introduction of new products,
+which were greatly enhanced by a number of consumer-oriented US
+acquisitions, van Driel said.
+    Consumer products represented 50 pct of total 1986
+turnover, compared with 35 pct in 1982, van Driel said.
+    The company, which is already listed on the London, Zurich,
+Basle and Geneva stock exchanges as well as Amsterdam, aims to
+be quoted in Frankfurt and Dusseldorf in May, van Driel said.
+    Van Driel stressed that while these listings would not be
+accompanied by new share issues, they provided easy vehicles
+for the company to raise capital for future expansion.
+    He estimated that 33 pct of the company's shares were in
+foreign hands.
+    The company's 1986 US turnover of about 750 mln dlrs made a
+listing on one of the New York exchanges a logical next step,
+van Driel said without elaborating.
+    Despite EC dairy restrictions Wessanen, which produces
+around 10 pct of all Dutch cheese, saw good growth prospects
+for its dairy sector within Europe, van Driel said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1848" NEWID="12879">
+<DATE> 3-APR-1987 10:02:37.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G T M C
+&#22;&#22;&#1;f0993&#31;reute
+r f PM-CHINA-PRICES (NEWS-ANALYSIS)  04-03 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA PUTS BRAKE ON KEY REFORM GOAL</TITLE>
+<AUTHOR>    By Mark O'Neill</AUTHOR>
+<DATELINE>    PEKING, April 3 - </DATELINE><BODY>Fear of social instability and inflation
+has forced China to put the brakes on one of its most important
+economic reforms -- overhauling a pricing system which often
+bears no relation to production costs.
+    The price clampdown has occurred during a conservative
+backlash following the resignation in January of reformist
+Communist Party leader Hu Yaobang, Western diplomats and
+Chinese sources say.
+    "In recent years, prices have not only been rising, but the
+rate of increase is getting faster and faster," the People's
+Daily said in a major article this week. "In future, price
+changes should be only in small steps."
+    Despite pledges last year that price changes were essential
+to get the economy on the right track, the government has
+repeatedly said no major change will happen this year.
+    "Price changes in the last two years have aroused great
+public discontent, especially in the cities," a Western diplomat
+said.
+    "Chinese were used to stable prices for 30 years from 1949
+when the Communists took over. On a recent visit to two major
+cities, the refrain from all the officials was the need to
+preserve social stability," he said.
+    A Chinese journalist said the reformers had underestimated
+the extent to which the public would tolerate price changes.
+    "A major review of all economic reforms is under way, the
+biggest since the reforms began in 1979, because many things
+are not going well -- a large budget deficit, too rapid price
+increases and no major improvement in productivity of state
+firms," he said.
+    The reformers think it vital to change a system under which
+prices often bear no relation to production costs.
+    Sugar is an example. An official newspaper said earlier
+this year that more than 40 pct of China's sugar mills were
+losing money or had closed because producing sugar was so
+unprofitable.
+    This was because the selling price of sugar has not changed
+for 20 years, while the mills' production costs have risen
+sharply over the period.
+    The economic masterplan for the 1986-90 period, published
+in April last year, said China would "work steadily to establish
+a pricing system which better reflects value and the relation
+between supply and demand."
+    The People's Daily said that in recent years wage increases
+had been too high and too much currency printed, resulting in
+too much money chasing too few goods and causing price hikes
+and inflation.
+    The review of the reforms coincides with a national
+campaign against "bourgeois liberalism," meaning Western
+political ideas blamed for causing student protests last
+December.
+    The journalist said the review was in part due to political
+factors.
+    "Economics and politics are inseparable in China. But the
+Western media is wrong to classify the leadership into
+reformers and conservatives. All the leaders agree on the main
+direction -- economic reform and the open-door," he said.
+    "But there are differences of opinion on the pace of reform
+and on specific policies. No one is advocating a return to how
+things were before 1979."
+    The diplomat said what China feared as a backlash against
+price rises was not so much rioting in the streets, which he
+said it had the means to control. "The bottom line is how such
+protests would be used by those in the power struggle."
+    A foreign lawyer said he believed the cause of the crisis
+earlier this year was that the Communist Party leadership had
+feared, due to the student demonstrations, that it was losing
+control.
+    "The leadership here is a self-perpetuating oligarchy. There
+is no way that it is going to give up power," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1849" NEWID="12880">
+<DATE> 3-APR-1987 10:07:03.40</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1017&#31;reute
+r f BC-FHLBB-CHANGES-SHORT-T   04-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Federal Home Loan Bank Board
+adjusted the rates on its short-term discount notes as follows:
+    MATURITY   NEW RATE  OLD RATE  MATURITY
+  30-273 days  5.00 pct  5.00 pct    30-89 days
+ 274-294 days  5.92 pct  5.83 pct   90-100 days
+ 295-344 days  5.00 pct  5.00 pct  101-181 days
+ 345-360 days  5.93 pct  5.82 pct  182-195 days
+                         5.00 pct  196-274 days
+                         5.90 pct  275-295 days
+                         5.00 pct  296-360 days
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1850" NEWID="12881">
+<DATE> 3-APR-1987 10:08:08.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1021&#31;reute
+r f BC-algoma-steel-has-no   04-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALGOMA STEEL HAS NO REASON FOR SHARE PRICE RISE</TITLE>
+<DATELINE>    SAULT STE MARIE, Ontario, April 3 - </DATELINE><BODY>&lt;Algoma Steel Corp Ltd>
+said there were no specific developments to explain the recent
+increase in its share price and there were no announcements
+planned or anticipated.
+    The company said it made the statement at the request of
+the Toronto Stock Exchange.
+    Algoma said it continues to achieve cost reductions and
+there is a limited improvement in market demand for the
+company's steel products.
+    Algoma common closed yesterday in Toronto at 18-1/2, up
+2-3/4, and was trading today at 18-1/4, down 1/4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1851" NEWID="12882">
+<DATE> 3-APR-1987 10:09:10.28</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;CQ GQ LQ MQ TQ
+&#22;&#22;&#1;f1027&#31;reute
+b f BC-money-rates-int'l   04-03 0105</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MONEY RATES - INTERNATIONAL SUMMARY - APR 3
+    U.S.
+Fed funds               5-15/16
+Broker loan             7.50-7.25
+                  30        60        90
+T-bills        5.40/38   5.40/38   5.44/43
+Cds dir         5.95       6.00       6.00
+Comm paper dir  6.15       6.15       6.09
+    INTERNATIONAL
+         CALL       1 MONTH          3 MONTH
+Ldn  10    9-7/8     10   9-15/16   10    9-7/8Fft  3.60/70    
+    3.80/90         3.85/95
+Par     unav            unav            unav
+Zur  7/8   1-1/8   3-1/8   1/4    3-1/2   5/8
+Ams  5-5/16  7/16  5-3/8   1/2    5-3/8   1/2
+Tok  3.7500  8125  3.8750  9375   4.0000   0625
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1852" NEWID="12883">
+<DATE> 3-APR-1987 10:15:50.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1051&#31;reute
+b f BC-K-MART-&lt;KM>-SELLING-K   04-03 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART &lt;KM> SELLING KRESGE TO MCCRORY</TITLE>
+<DATELINE>    TROY, MICH., April 3 - </DATELINE><BODY>K mart Corp said it agreed to sell
+most of the U.S. Kresge and Jupiter stores to McCrory Corp, a
+subsidiary of privately held Rapid American Corp.
+    It said the agreement covers 76 stores in 21 states
+including inventory and fixtures. The price depends on the
+amount of the inventory that will be in the stores on the
+closing date.
+    K mart said it will continue to operate the stores until
+early June, when McCrory will take over with no interruption of
+service.
+    The newly acquired Kresge and Jupiter stores will be
+renamed McCrory 5 and 10. McCrory currently operates 1,250
+stores in 38 states.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1853" NEWID="12884">
+<DATE> 3-APR-1987 10:16:32.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1055&#31;reute
+u f BC-BELGIAN-STATE-LOAN-RA   04-03 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN STATE LOAN RAISES 168.8 BILLION FRANCS</TITLE>
+<DATELINE>    BRUSSELS, April 3 - </DATELINE><BODY>The latest Belgian state loan,
+subscriptions for which closed today, raised a total of 168.8
+billion francs, a finance ministry spokesman said.
+    The eight-year, eight pct domestic loan which was priced at
+par was originally expected by the ministry to raise 150
+billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1854" NEWID="12885">
+<DATE> 3-APR-1987 10:20:12.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1074&#31;reute
+u f BC-TANDY-&lt;TAN>-3RD-QUART   04-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDY &lt;TAN> 3RD QUARTER REVENUES UP 12 PCT</TITLE>
+<DATELINE>    FORT WORTH, Texas, April 3 - </DATELINE><BODY>Tandy Corp said consolidated
+sales and operating revenues for the third quarter, ended March
+31, totaled nearly 776.0 mln dlrs, up 12 pct from 693.4 mln
+dlrs last year.
+    The company said third quarter earnings will be released in
+the latter part of April.
+    Tandy said March sales and oprating revenues totaled 164.4
+mln dlrs, up 11 pct from March 1986's 238.8 mln dlrs.
+    It said U.S. retail operations revenues rose to 225.8 mln
+dlrs last month from 202.7 mln dlrs a year earlier. Sales of
+U.S. stores in existence more than one year increased 10 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1855" NEWID="12886">
+<DATE> 3-APR-1987 10:21:46.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1078&#31;reute
+u f BC-PHILIP-MORRIS-&lt;MO>-UP   04-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIP MORRIS &lt;MO> UP ON RECOMMENDATIONS</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>The stock of Philip Morris Cos rose
+today following recommendations by First Boston Corp and Morgan
+Stanley and Co, traders said.
+    Philip Morris gained 1-3/4 to 88-1/4.
+    First Boston's analyst was unavailable for comment.
+    Morgan Stanley's David Hill said he just assumed coverage
+of Philip Morris and placed it on his recommended list becasue
+of its attractive earnings growth and because the stock is
+selling at a discount to the market based on Morgan's figures.
+Hill expects Morris to earn 7.75 dlrs a share this year and
+9.50 dlrs in 1988. In 1986, Morris earned 6.20 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1856" NEWID="12887">
+<DATE> 3-APR-1987 10:22:32.46</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1081&#31;reute
+d f BC-PAKISTAN-NOT-SEEN-AS   04-03 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN NOT SEEN AS MAJOR WHEAT EXPORTER</TITLE>
+<DATELINE>    ISLAMABAD, April 3 - </DATELINE><BODY>Pakistan is not emerging as a major
+wheat exporter as world market prospects are not good enough,
+Sartaj Aziz, Special Assistant on Food and Agriculture to the
+Pakistani Prime Minister, said in an interview.
+    No exports are planned for the next 12 months or so and
+plans last year to sell one mln tonnes to Iran came to nothing
+because they could not agree a price, he said.
+    Aziz forecast that Pakistan may have exportable surpluses
+of one mln tonnes or a half mln tonnes over the next few
+harvests in years when the weather is favourable.
+    The government does not wish to increase output much above
+this because of low world prices, and the land would be better
+used for other crops.
+    Aziz said the Pakistani government does not want area sown
+to wheat to increase from the current seven mln hectares. Some
+10 pct of that area which gives low yields could be switched to
+more profitable crops such as oilseeds.
+    The aim is to concentrate on raising yields from the
+current 1.8 to 1.9 tonnes per ha to at least 2.5 tonnes per ha
+over the next five to seven years, he said.
+    Aziz said the current 1986/87 crop, harvesting of which is
+just beginning, is expected to yield around a record 14.5 mln
+tonnes. This compares with a target of 14.7 mln and last year's
+yield of 14.0 mln.
+    He said rains some six weeks ago helped the crop but more
+recent rains reduced prospects slightly.
+    The long-term wheat production target is for some 17 mln
+tonnes by mid-1993, taking into account Pakistan's annual
+population growth rate of more than three pct. Current
+consumption is some 12.5 mln tonnes.
+    The current wheat reserve is 2.5 mln tonnes, Aziz said.
+This compares with a minimum reserve commitment of one mln
+tonnes, which Pakistan will maintain at all costs, and a
+"strategic reserve" target of two mln tonnes.
+    Despite the fact that stocks are a half-mln tonnes over
+target, the surplus will not be exported at present, he said.
+    The government wants to keep an extra "safety margin" until
+it sees what effect the abolition of a 44-year-old wheat
+rationing system will have on domestic consumption. New exports
+will be considered only in about a year's time when the 1987/88
+crop can be gauged as well, he said.
+    The new domestic policy, introduced on March 15, is for the
+government to supply unlimited quantities of wheat at two
+rupees per kilo. With other costs this means a price in
+Pakistani markets of between 2.30 and 2.50 rupees per kilo.
+    Under the old system, introduced during World War Two and
+due to be phased out by April 15, some 50 mln ration cards were
+issued enabling poor people to buy wheat cheaply.
+    Aziz said following the introduction of a government
+support price in the 1970s the system become so corrupted that
+only 20 to 25 pct of subsidised wheat was actually reaching the
+consumer, the rest being diverted illicitly to the mills.
+    The ration system had also not had the stabilising effect
+on the internal wheat market that was intended, Aziz said.
+    Prices have already begun to fall with the introduction of
+the new system. The wheat price in Karachi, the most expensive
+Pakistani city, had dropped from 3.11 rupees per kilo on March
+1 to 2.85 rupees on March 30.
+    Aziz said he does not expect the change in system to have a
+major effect on total consumption, but it may encourage better
+use of side-products such as bran.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1857" NEWID="12888">
+<DATE> 3-APR-1987 10:22:37.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1082&#31;reute
+r f BC-KLEER-VU-INDUSTRIES-T   04-03 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLEER-VU INDUSTRIES TO SELL COSMETICS UNIT</TITLE>
+<DATELINE>    NEW YORK, APril 3 - </DATELINE><BODY>&lt;Kleer-Vu Industries> said the
+company's board authorized the sale of its Neslemur Co, its
+cosmetic and toiletries company.
+    The company said it is evaluating two separate proposals
+and will complete the sale within 10 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1858" NEWID="12889">
+<DATE> 3-APR-1987 10:23:01.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1083&#31;reute
+d f BC-MEMORY-PROTECTION-&lt;MP   04-03 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEMORY PROTECTION &lt;MPDI> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Memory Protection Devices Inc said it
+completed its acquisition of the assets and liabilities of
+Bogen, a division of &lt;Lear/Siegler>, for 9,200,000 dlrs in
+cash.
+    Under the newly-structured company, Memory said it expects
+to report consolidated sales of 18 mln dlrs to 20 mln dlrs and
+should be profitable before allowing for extraordinary items
+related to the acquisition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1859" NEWID="12890">
+<DATE> 3-APR-1987 10:24:29.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1087&#31;reute
+r f BC-DU-PONT-&lt;DD>-TO-SELL   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DU PONT &lt;DD> TO SELL CLEVELAND PLANT</TITLE>
+<DATELINE>    WILMINGTON, Del., April 3 - </DATELINE><BODY>Du Pont Co said it agreed to
+sell its Cleveland chemical plant, the oldest site currently
+operated by the company, to two employees.
+    Terms were not disclosed.
+    Closing is expected in the second quarter, following
+approval of definitive agreements.
+    Products made at the plant represent less than 1/10 of one
+pct of Du Pont's annual sales, it said. Quilon chrome complexes
+and Volan bonding agents will be supplied by the plant to Du
+Pont under contract.
+    Established in 1866, the plant was acquired by Du Pont in
+1928. The plant no longer fits the company's long-term
+strategy, Du Pont said
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1860" NEWID="12891">
+<DATE> 3-APR-1987 10:26:50.27</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1096&#31;reute
+u f BC-SPAIN-RAISES-CALL-MON   04-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN RAISES CALL MONEY RATE TO 14.5 PCT</TITLE>
+<DATELINE>    MADRID, April 3 - </DATELINE><BODY>The Bank of Spain said it raised its rate
+for overnight call money to 14.5 pct from 14 pct with immediate
+effect at today's daily auction for assistance funds.
+    The move followed comments yesterday by central bank
+governor Mariano Rubio, who said money supply growth was too
+fast.
+    The bank said later that it was leaving its rate for
+special assistance funds from its second window unchanged at 16
+pct, surprising operators who had expected an increase there
+too.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1861" NEWID="12892">
+<DATE> 3-APR-1987 10:28:36.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1104&#31;reute
+b f BC-VOLKSWAGEN-LATE-MARCH   04-03 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLKSWAGEN LATE MARCH U.S. SALES LOWER</TITLE>
+<DATELINE>    TROY, Mich., April 3 - </DATELINE><BODY>Volkswagen of America Inc, the U.S.
+arm of Volkswagen AG, said its domestic car sales for late
+March fell to 2,145 vehicles, from 3,342 vehicles for the same
+period in 1986.
+    Volkswagen added that for the month of March it sold 4,324
+vehicles, down from 6,198 last year.
+    For the year-to-date, Volkswagen said it sold 10,951
+vehicles, versus 18,392 last year-to-date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1862" NEWID="12893">
+<DATE> 3-APR-1987 10:33:18.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1128&#31;reute
+u f BC-FEDERAL-CO-&lt;FFF>-3RD   04-03 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL CO &lt;FFF> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    MEMPHIS, April 3 -
+    </DATELINE><BODY>Shr 1.00 dlr vs 34 cts
+    Net 16.9 mln vs 5,696,000
+    Revs 371.3 mln vs 303.2 mln
+    Avg shrs 16.9 mln vs 16.3 mln
+    Nine mths
+    Shr 3.55 dlrs vs 1.66 dlrs
+    Net 59.3 mln vs 27.1 mln
+    Revs 1.02 billion vs 912.8 mln
+    Avg shrs 16.7 mln vs 16.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1863" NEWID="12894">
+<DATE> 3-APR-1987 10:34:28.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1136&#31;reute
+r f BC-AMC-&lt;AMO>-TO-INSPECT   04-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMC &lt;AMO> TO INSPECT 20,000 VEHICLES</TITLE>
+<DATELINE>    SOUTHFIELD, MICH., April 3 - </DATELINE><BODY>American Motors Corp said it
+will ask Jeep dealers to inspect about 20,000 Cherokee,
+Wagoneer and Comanche vehicles equipped with 4.0-liter,
+6-cylinder engines to determine whether the air control valve
+for the fuel injection system is out of design tolerance.
+    The company said it will seek about 5,000 affected
+vehicles, all 1987 models, manufactured between Jan 15 and
+March 3, 1987. It said the out-of-tolerance air valves may
+prevent the engine speed from returning to idle when the
+accelerator pedal is released, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1864" NEWID="12895">
+<DATE> 3-APR-1987 10:34:50.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1139&#31;reute
+r f BC-GERMAN,-JAPANESE-FIRM   04-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN, JAPANESE FIRMS WORK ON WASTE PLANT</TITLE>
+<DATELINE>    OBERHAUSEN, West Germany, April 3 - </DATELINE><BODY>Deutsche Babcock AG
+&lt;DBCG.F> said it agreed to cooperate with BASF AG &lt;BASF.F> and
+the Japanese firm Kawasaki Heavy Industries Ltd &lt;KAWH.T>, KHI,
+in the field of technology designed to protect the environment.
+    Deutsche Babcock Anlagen AG would work with BASF to develop
+plants which would treat and burn industrial waste.
+    Another Babcock subsidary, Vereinigte Kesselwerke AG, VKW,
+had struck an accord with KHI which would later be transformed
+into a licencing agreement.
+    The agreement with KHI involves construction and marketing
+by the Japanese company of an environmentally-safe system
+developed by VKW for burners in power station boilers, Deutsche
+Babcock said.
+    No financial details of the cooperation were released.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1865" NEWID="12896">
+<DATE> 3-APR-1987 10:35:02.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1141&#31;reute
+r f BC-SYNTHETIC-INDUSTRIES   04-03 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNTHETIC INDUSTRIES OFFERS DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Synthetic Industries is offering 110
+mln dlrs of senior subordinated debentures due 1999 yielding
+11-5/8 pct, said sole manager Merrill Lynch Capital Markets.
+    The debentures have an 11-1/2 pct coupon and were priced at
+99.
+    Non-callable for five years, the issue is rated B-3 by
+Moody's Investors Service Inc and B-minus by Standard and
+Poor's Corp.
+    The issue was increased from an initial offering of 100 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1866" NEWID="12897">
+<DATE> 3-APR-1987 10:35:35.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1144&#31;reute
+r f BC-FLOWERS-INDUSTRIES-IN   04-03 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLOWERS INDUSTRIES INC &lt;FLO> HIKES PAYOUT</TITLE>
+<DATELINE>    THOMASVILLE, Ga., April 3 -
+    </DATELINE><BODY>Qtly div 14-1/2 cts vs 14 cts prior
+    Pay May 4
+    Record April 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1867" NEWID="12898">
+<DATE> 3-APR-1987 10:35:52.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1147&#31;reute
+d f BC-FINE-ART-ACQUISITIONS   04-03 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINE ART ACQUISITIONS LTD &lt;FAAA> 4TH QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 3 -
+    </DATELINE><BODY>Shr three cts vs three cts
+    Net 141,224 vs 118,192
+    Sales 5,849,695 vs 3,717,794
+    Avg shrs 4,975,000 vs 4,925,000
+    Year
+    Shr 15 cts vs 10 cts
+    Net 720,126 vs 474,879
+    Sales 18.2 mln vs 11.5 mln
+    Avg shrs 4,959,932 vs 4,902,778
+    NOTE: 1985 year net includes gain of 58,000 dlrs, or one
+cent a share, from tax loss carryforward
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1868" NEWID="12899">
+<DATE> 3-APR-1987 10:35:57.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1148&#31;reute
+d f BC-DAMON-&lt;DMN>-UNIT-TO-M   04-03 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAMON &lt;DMN> UNIT TO MANAGE CLINICAL LAB</TITLE>
+<DATELINE>    NEEDHAM HEIGHTS, Mass., April 3 - </DATELINE><BODY>Damon Corp said its Damon
+Clinical Laboratories division has agreed to manage theday-to-day operations of the clinical laboratory at Suburban
+
+Hospital in Hinsdale, Ill.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1869" NEWID="12900">
+<DATE> 3-APR-1987 10:36:05.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1149&#31;reute
+d f BC-GERBER-&lt;GEB>-SETS-DEA   04-03 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERBER &lt;GEB> SETS DEADLINE FOR UNIT'S BUYOUT</TITLE>
+<DATELINE>    FREMONT, MICH., April 3 - </DATELINE><BODY>Gerber Products Co said it has
+given management of its CWT Inc trucking subsidiary 60 days to
+pursue a leveraged buyout of the subsidiary.
+    It said CWT Inc, which has operations in the Midwest and
+Southeast, has annual revenues of approximately 135 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1870" NEWID="12901">
+<DATE> 3-APR-1987 10:36:11.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1150&#31;reute
+d f BC-&lt;ANCHOR-FINANCIAL-COR   04-03 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ANCHOR FINANCIAL CORP> 1ST QTR NET</TITLE>
+<DATELINE>    MYRTLE BEACH, S.C., April 3 -
+    </DATELINE><BODY>Shr 31 cts vs 31 cts
+    Net 226,000 vs 173,000
+    Assets 73.1 mln vs 62.5 mln
+    Deposits 54.6 mln vs 51.5 mln
+    NOTE: earnings per share for 1987 affected by issuance of
+166,750 shares of common stock in December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1871" NEWID="12902">
+<DATE> 3-APR-1987 10:36:20.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1151&#31;reute
+d f BC-DELUXE-CHECK-PRINTERS   04-03 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELUXE CHECK PRINTERS &lt;DLX> RAISES PRICES</TITLE>
+<DATELINE>    ST. PAUL, Minn., April 3 - </DATELINE><BODY>Deluxe Check Printers Inc said
+that due to increased manufacturing costs it is hiking the
+prices on most of its product lines, effective June 1.
+    The company estimates that the net effect of the price
+increases equals a 3.5 pct increase in total sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1872" NEWID="12903">
+<DATE> 3-APR-1987 10:36:38.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1154&#31;reute
+d f BC-PRAXIS-&lt;PRAX>-AIDS-DR   04-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRAXIS &lt;PRAX> AIDS DRUG TO GO INTO WIDER TESTS</TITLE>
+<DATELINE>    NEW YORK, April 1 - </DATELINE><BODY>Praxis Pharmaceuticals Inc, which owns
+worldwide licensing rights to the promising AIDS treatment
+AL721, said large scale tests of the drug are planned for this
+summer in the United States.
+    Arnold Lippa, Praxis' president, said Praxis will test the
+drug in a few hundred patients with full-blown AIDS, in those
+with AIDS-related complex, a precursor to AIDS, and in more
+patients with swollen lymph glands but no other AIDS symptoms.
+    Praxis reported a net loss of 2,186,000 dlrs for the year
+ended June 30, 1986. Lippa said the firm has about two mln dlrs
+left from its public offering in January 1985.
+    But Lippa expects to "easily spend" five to 10 mln dlrs in
+these new clinical trials. He said the Beverly-Hills,
+Calif.-based company is preparing a private offering and
+discussing ventures with other pharmaceutical firms to help
+finance the cost of the trials.
+    As another mark of the interest in AL721, Anthony S. Fauci,
+who heads the National Institute of Allergy and Infectious
+Disease, said the government will begin testing AL721 in its
+AIDS treatment evaluation units in June.
+    A spokeswoman said the study will be "small" and will
+establish the drug's toxicity. She said the study will be
+"expedited" to allow the next phase of testing to proceed
+rapidly.
+    These plans follow the completion of a small-scale test of
+the drug's effectiveness in eight patients with AIDS-related
+lymphadenopathy--swollen lymph glands, at St. Lukes/Roosevelt
+Hospital in New York, and another study of 14 AIDS patients in
+Israel, where the drug was developed.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1873" NEWID="12904">
+<DATE> 3-APR-1987 10:36:51.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1157&#31;reute
+h f BC-TSR-INC-&lt;TSRI>-3RD-QT   04-03 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TSR INC &lt;TSRI> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., April 3 -
+    </DATELINE><BODY>Shr seven cts vs four cts
+    Net 161,000 vs 107,000
+    Revs 5,852,000 vs 4,794,000
+    Nine mths
+    Shr 23 cts vs 24 cts
+    Net 553,000 vs 610,000
+    Revs 18.2 mln vs 14.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1874" NEWID="12905">
+<DATE> 3-APR-1987 10:42:25.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1177&#31;reute
+u f BC-TIME-&lt;TL>-IN-TALKS-ON   04-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIME &lt;TL> IN TALKS ON CABLE NEWS CONSORTIUM</TITLE>
+<DATELINE>    NEW YORK, April 3 -  </DATELINE><BODY>N.J. Nicholas Jr., president and chief
+operating officer of Time Inc, told security analysts the
+company is now engaged in talks to join a consortium of cable
+companies that will invest in Cable News Network.
+    Nicholas declined to give any details, but said an
+announcement might be ready in a few days. He also declined to
+say whether the investment would be made by Time Inc or
+American Television and Communications Corp, a public company
+in which Time owns a majority stake.
+    Cable News Network is owned by Turner Broadcasting System
+&lt;TBS>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1875" NEWID="12906">
+<DATE> 3-APR-1987 10:43:10.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1181&#31;reute
+h f BC-WESTON-GETS-U.S.-AIR   04-03 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTON GETS U.S. AIR FORCE CONTRACT</TITLE>
+<DATELINE>    WEST CHESTER, Pa., April 3 - </DATELINE><BODY>&lt;Roy F. Weston Inc> said it
+received a 9.9 mln dlr contract from the U.S. Air Force for
+assistance with site investigations and remedial studies at Air
+Force bases throughout the nation.
+    The contract covers four years and its Weston's fourth
+major contract with the Air Force's occupational environmental
+health laboratory.
+    The company said it will test air, soils, ground and
+surface waters site assessments and other areas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1876" NEWID="12907">
+<DATE> 3-APR-1987 10:44:47.77</DATE>
+<TOPICS><D>tea</D></TOPICS>
+<PLACES><D>ussr</D><D>west-germany</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1186&#31;reute
+u f BC-ABNORMAL-RADIATION-FO   04-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABNORMAL RADIATION FOUND IN SOVIET TEA/HAZELNUTS</TITLE>
+<DATELINE>    MOSCOW, April 3 - </DATELINE><BODY>Abnormally high levels of radiation were
+found in Soviet tea and hazelnuts more than nine months after
+the Chernobyl nuclear accident, West German residents in Moscow
+were advised this week.
+    In a letter to the West German community here, Ambassador
+Joerg Kastl said laboratory tests on food samples bought in
+Moscow in February had shown elevated levels of caesium-134 and
+-137 in tea from Azerbaijan and Ukrainian hazelnuts.
+    Other food samples sent for testing at Cologne University,
+including honey, fruit, vegetables, pork, milk and butter, were
+found to be free of radiation, it said.
+    Data in the letter showed the tea and hazelnuts contained
+caesium levels far in excess of ceilings recommended by the
+United Nations Food and Agriculture Organisation (FAO).
+    The letter said people who had consumed the tea faced no
+particular health danger as most of the caesium remained in the
+tea leaves, but it warned against eating the hazelnuts.
+    The products sent for testing were bought in state shops
+and private farmers' markets in Moscow, it added. Other Western
+embassies in Moscow said they had discontinued laboratory
+testing of Soviet food late last year because no abnormal
+radiation levels were detected.
+    "We didn't find anything so we stopped doing it," a U.S.
+Embassy spokesman said.
+    A British spokesman said radiation-monitoring equipment
+remained in the embassy waiting room for British residents in
+Moscow who wanted to check their food, but laboratory tests had
+not been conducted for several months.
+    "Earlier we sent some food back to Britain as a
+precautionary measure, but we stopped in the absence of any
+alarming signals," he said. "If the tests had shown abnormal
+readings, they would have been resumed."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1877" NEWID="12908">
+<DATE> 3-APR-1987 10:46:19.56</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1193&#31;reute
+r f BC-SALLIE-MAE-ADJUSTS-SH   04-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALLIE MAE ADJUSTS SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Student Loan Marketing
+Association said its rates on short-term discount notes were as
+follows:
+    MATURITY   NEW RATE    OLD RATE  MATURITY
+    5-14 days  5.65 pct    5.60 pct     5-14 days
+   15-78 days  5.00 pct    5.00 pct    15-81 days
+   79-85 days  5.83 pct    5.75 pct    82-88 days
+  89-360 days  5.00 pct    5.00 pct   89-174 days
+                           5.85 pct  175-180 days
+                           5.00 pct  181-360 days
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1878" NEWID="12909">
+<DATE> 3-APR-1987 10:50:23.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D><D>switzerland</D><D>austria</D><D>west-germany</D><D>france</D><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>efta</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1214&#31;reute
+r f BC-ECONOMIC-SPOTLIGHT--   04-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - EFTA FEARS EC MARKET PLANS</TITLE>
+<AUTHOR>    By Donald Nordberg</AUTHOR>
+<DATELINE>    BERNE, April 3 - </DATELINE><BODY>The European Community wants to eliminate
+all obstacles to free movement of goods, services and people by
+1992, a laudable goal that has sent shivers down the spines of
+its closest trading neighbours.
+    Europe's outsiders -- the six members of the European Free
+Trade Association (EFTA), and other small states -- fear the
+growing power of the 12 EC member countries, a market of 320
+mln people, one and a half times as big as the whole U.S.
+    And as the Community celebrates its 30th anniversary, in
+non-EC countries from Ankara to Oslo, an attitude is emerging
+which says, "If you can't beat them, join them."
+    In June 1985, the Community adopted a plan to create an
+"internal market" without restrictions, which included new goals
+on everything from tourism to the rules of bank accounting.
+    The plan is so extensive that even the EFTA countries --
+Switzerland, Austria, Sweden, Norway, Finland and Iceland --
+with decades of close trade ties, find it hard to adopt a joint
+position.
+    Last month Turkey formally requested EC membership,
+receiving a polite reply from Brussels that the time was not
+ripe.
+    In Austria, where its 1955 charter of neutrality forbids
+joining political alliances, the government is looking for ways
+to become a "de facto" EC member.
+    And in Norway, where membership was rejected in a 1972
+referendum, government officials are wondering whether the
+political climate has changed.
+    But nowhere has the debate been more existential than in
+Switzerland, which has resisted all alliances for 700 years.
+    The Swiss are a microcosm of Europe, living geographically
+in the very heart of Europe and speaking the languages of the
+three big economies -- Germany, France and Italy.
+    Swiss neutrality, which has kept the country out of the
+United Nations and the International Monetary Fund, would seem
+to preclude membership in the Community, given the EC's loose
+link with the Western defence alliance NATO.
+    But an opinion poll late last year, held in the
+French-speaking part of the country, showed a majority favoured
+joining the Community.
+    Since then, government officials have stressed that, while
+membership was impossible, Switzerland should do everything
+possible not to be locked out when the trade barriers inside
+the EC come down.
+    State secretary for foreign trade Franz Blankart, said it
+is inconceivable the whole Swiss nation -- including the more
+conservative German-speaking majority -- would vote for
+membership.
+    But Switzerland must be more than just a "satellite," he
+said, now that the enlarged Community is extending itself into
+areas omitted by the founding Treaty of Rome.
+    These areas, including pharmaceutical research and
+technological development, are the key to the economic future
+of Switzerland and the Community alike, he adds.
+    "We cannot permit ourselves the luxury of passively
+following the Community's new dynamic of integration," he says.
+    The Swiss economy ministry has drawn up a detailed analysis
+of the EC White Paper on the internal market, outlining the
+Swiss response to each point. While some refer to a collective
+EFTA stance, officials admit that on many issues Switzerland
+may have act alone.
+    The new EC plans on transport, for example, would have a
+severe impact on Switzerland and Austria, whose roads carry
+most of the traffic between Italy and its EC partners.
+    But rules such as the volume of petrol buses are allowed to
+carry across a border have much less importance to Sweden or
+Finland.
+    Switzerland wants to work out ways to help people crossing
+its borders with West Germany, France and Italy. But it is
+afraid the liberal border controls Denmark, an EC member, has
+with the non-EC Nordic countries might pose a threat to
+security.
+   And pin the fields of banking and insurance -- the very
+lifeblood of Switzerland's service sector -- Swiss interests
+could prove directly opposite to its EFTA partners with their
+pppppppnarrow and tightly protected financial markets.
+    The biggest danger ahead, EFTA members have said, would be
+that their divided interests might leave the EC free to set
+whatever guidelines and standards it wanted and force them on
+other European states that wanted to trade.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1879" NEWID="12910">
+<DATE> 3-APR-1987 10:53:13.27</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f1227&#31;reute
+b f BC-/CYPRUS-LOWERS-COPPER   04-03 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYPRUS LOWERS COPPER PRICE ONE CT TO 66 CTS</TITLE>
+<DATELINE>    DENVER, April 3 - </DATELINE><BODY>Cyprus Minerals Company said it is
+decreasing its electrolytic copper cathode price by one cent  
+to 66.0 cents a pound, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1880" NEWID="12911">
+<DATE> 3-APR-1987 10:53:28.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1229&#31;reute
+r f BC-ENSERCH-&lt;ENS>-TO-REDE   04-03 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENSERCH &lt;ENS> TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    DALLAS, April 3 - </DATELINE><BODY>Enserch Corp said that it has called for
+redemption on May four all its outstanding 16-3/8 pct sinking
+fund debentures due 2007, pursuant to the optional redemption
+provision of the indenture at 111.981 pct of par.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1881" NEWID="12912">
+<DATE> 3-APR-1987 10:53:32.73</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1230&#31;reute
+r f BC-FREDDIE-MAC-ADJUSTS-S   04-03 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREDDIE MAC ADJUSTS SHORT-TERM DISCOUNT RATES</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Federal Home Loan Mortgage Corp
+adjusted the rates on its short-term discount notes as follows:
+   MATURITY   RATE       OLD RATE  MATURITY
+    31 days   5.95 pct   6.00 pct  32 days
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1882" NEWID="12913">
+<DATE> 3-APR-1987 10:53:37.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1231&#31;reute
+r f BC-TRANS-WORLD-LIQUIDATI   04-03 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANS WORLD LIQUIDATING TRUST TO CLOSE BOOKS</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>The Trans World Corp Liquidating Trust
+said it will permanently close its books of record and transfer
+on April seven.
+    Beneficial interest in the trust ceased trading on the New
+York Stock Exchange on March 31, it noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1883" NEWID="12914">
+<DATE> 3-APR-1987 10:55:37.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1240&#31;reute
+h f BC-MAVERICK-RESTAURANT-C   04-03 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAVERICK RESTAURANT CORP &lt;MAVR> 4TH QTR LOSS</TITLE>
+<DATELINE>    WICHITA, Kan., April 3 - </DATELINE><BODY>Ended Jan 31
+    Shr loss 50 cts vs loss one ct
+    Net loss 2,475,739 vs loss 68,691
+    Revs 3,689,770 vs 3,292,733
+    Year
+    Shr loss 50 cts vs loss two cts
+    net loss 2,472,582 vs loss 112,936
+    Revs 14.8 mln vs 13.2 mln
+    NOTE: Current periods include charge of 2.25 mln dlrs or 45
+cts for restaurant closings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1884" NEWID="12915">
+<DATE> 3-APR-1987 10:55:42.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1241&#31;reute
+h f BC-GRAPHIC-MEDIA-INC-&lt;GM   04-03 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAPHIC MEDIA INC &lt;GMED> YEAR NET</TITLE>
+<DATELINE>    FAIRFIELD, N.J., April 3 - </DATELINE><BODY>Ended Jan 31
+    Shr nine cts vs eight cts
+    Net 246,000 vs 369,000
+    Revs 20.4 mln vs 11.2 mln
+    Avg shrs 2,123,000 vs 1,882,000
+    NOTE: 1985 restated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1885" NEWID="12916">
+<DATE> 3-APR-1987 10:56:44.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1247&#31;reute
+r f BC-MISSED-SENATE-DEADLIN   04-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MISSED SENATE DEADLINE UPSETS U.S. BUDGET CHIEF</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>White House Budget Chief James Miller
+said he was irritated by the Senate Budget Committee's failure
+to meet an April 1 deadline for completing action on its budget
+blueprint for the coming fiscal year.
+    "I'm terribly upset that they've missed their deadline," he
+told reporters after a speech commemorating the 100th
+anniversary of the Interstate Commerce Commission (ICC).
+    Senate Budget Chairman Lawton Chiles (D-Fla.) "is obviously
+having trouble getting a majority (of his committee) to agree
+to his budget," Miller said. The panel late Wednesday defeated
+Chiles' budget plan and will try again next week.
+    The House Budget Committee, meanwhile, approved Wednesday a
+trillion-dlr spending plan for the government's year beginning
+Oct. 1, paving the way for a House vote.
+    Miller also told reporters President Regan remains opposed
+to any tax increases other than those he himself has proposed.
+"We're not going to go along with a tax increase," he said.
+    Miller told a few hundred current and former ICC officials
+attending the birthday party that he was an unusual choice to
+speak at the event as he favored the agency's abolition.
+    "Let it die with dignity--and then we'll all get together
+again for a fantastic wake," he said to mild applause.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1886" NEWID="12917">
+<DATE> 3-APR-1987 11:03:03.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1266&#31;reute
+b f BC-TIME-&lt;TL>-1987-EARNIN   04-03 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIME &lt;TL> 1987 EARNINGS MAY BE 4.25 DLRS SHARE</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Time Inc's chief financial officer,
+Thayer Bigelow, told security analysts the company is
+"comfortable" with Wall Street estimates that 1987 earnings
+will be in a range of 3.75 dlrs to 4.25 dlrs per share.
+    In 1986, Time reported earnings of 5.95 dlrs per share,
+including a number of special items.
+    Bigelow said in adjusting the 1986 results for the special
+items and also removing the earnings of American Television and
+Communications Corp &lt;ATCMA>, Time earned 2.35 dlrs per share in
+1986.
+    Turner Broadcasting System Inc said the investment by the
+cable consortium would be in Turner Broadcasting, not directly
+in CNN. The consortium would infuse up to 550 mln dlrs in
+Turner Broadcasting in return for a 35 pct equity interest.
+    Ted Turner, Chairman, would retain a 51 pct interest, a
+Turner Broadcasting spokesman said.
+    Bigelow said the company is continuing its previously
+announced 10 mln share repurchase program and has bought back
+4.1 mln of its own shares. He said 700,000 shares were
+purchased in the first quarter of 1987 at an average price of
+81 dlrs per share.
+    Bigelow said the company will always have a share buyback
+program in place whenever it believes it is a better long-term
+investment than starting or acquring a business. But he did not
+give any specifics on further repurchases beyond the 10 mln
+shares already announced.
+   
+    On the subject of acquisitions, Richard Munro, chairman and
+chief executive said the company is not interested in investing
+in over-the-air broadcasting, but continues to look at all
+areas in which it is currently engaged.
+    Munro said book publishing is an area that interested Time.
+In 1986 the company purchased Scott and Foresman, its biggest
+acquisition ever.
+    N.J. Nicholas, president and chief operating officer, said
+the company might be interested in a relatively small book
+business.
+    He said following the recent agreement for the sale of
+Harper and Row to the News Corp Ltd &lt;NWS>, "there may be pieces
+that Murdoch doesn't want," referring to News Corp chairman
+Rupert Murdoch.
+    Asked if the company's SAMI business is for sale, Munro
+said it is a "delicate subject", and "we're looking at all the
+options." SAMI is a marketing information service for the food
+industry. Published reports have stated it could be worth as
+much as 500 mln dlrs.
+   
+    Bigelow said that Time's Home Box Office added  subscribers
+last year and the trend is continuing in the first quarter of
+1987. However, he said, HBO's results in the quarter will be
+down slightly, but in the first quarter of 1986 there was a
+special gain in the HBO unit.
+    Nicholas said that HBO and Cinemax had combined subscriber
+growth of 800,000 for last year.
+    He also said the tax rate in 1987 will remain at just under
+50 pct because of the repeal of investment tax credits and
+higher state and local taxes. He said he sees a decrease in the
+tax rate in 1988 of five or six percentage points.
+    Munro said the company does not plan to increase its
+dividend.
+    Trygve Myhren, chairman and chief executive of American
+Television and Communications, said the unit is looking at
+getting involved in the home shopping video area. "It would be
+foolish not to be a player there," he said.
+    He said the company had talks with Home Shopping Network
+Inc &lt;HSN> prior to that company's public offering last year,
+but nothing came of the talks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1887" NEWID="12918">
+<DATE> 3-APR-1987 11:03:12.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1268&#31;reute
+f f BC-******OWENS-ILLINOIS   04-03 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>OWENS-ILLINOIS FILES WITH SEC FOR 2.05 BILLION DLR DEBT OFFERING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1888" NEWID="12919">
+<DATE> 3-APR-1987 11:05:48.05</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1284&#31;reute
+r f BC-FHLBB-CHANGES-SHORT-T   04-03 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Federal Home Loan Bank Board
+adjusted the rates on its short-term discount notes as follows:
+    MATURITY   NEW RATE  OLD RATE  MATURITY
+  30-273 days  5.00 pct  5.00 pct   30-273 days
+ 274-294 days  5.90 pct  5.92 pct  274-294 days
+ 295-344 days  5.00 pct  5.00 pct  295-344 days
+ 345-360 days  5.93 pct  5.93 pct  345-360 days
+                        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1889" NEWID="12920">
+<DATE> 3-APR-1987 11:06:04.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1286&#31;reute
+d f BC-AEL-&lt;AELNA>-SEES-15-P   04-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEL &lt;AELNA> SEES 15 PCT SALES HIKE THIS YEAR</TITLE>
+<DATELINE>    LANDSDALE, Penn., April 3 - </DATELINE><BODY>AEL Industires Inc, a major
+supplier of defense electronic systems, said it projects a 15
+pct hike in sales for the fiscal year ended Feb 27, 1988, based
+on its current backlog of 169 mln dlrs and new contracts
+awarded in the first quarter.
+    For the year ended Feb 27, 1987, AEL reported net income of
+3,321,000, or 74 cts a share, including an aftertax charge of
+818,000, on revenues of 108 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1890" NEWID="12921">
+<DATE> 3-APR-1987 11:08:23.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1299&#31;reute
+f f BC-FRENCH-GOVERNMENT-SET   04-03 0018</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH GOVERNMENT SETS SHARE PRICE OF BANQUE DU BATIMENT ET DES TRAVAUX PUBLICS AT 130 FRANCS - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1891" NEWID="12922">
+<DATE> 3-APR-1987 11:08:56.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1301&#31;reute
+u f BC-FORD-&lt;F>-LATE-MARCH-S   04-03 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> LATE-MARCH SALES UP 29.5 PCT</TITLE>
+<DATELINE>    DEARBORN, Mich., April 3 - </DATELINE><BODY>Ford Motor Co said domestic car
+sales rose 29.5 pct in the March 20 to March 31 period compared
+with the late-March period a year ago.
+    There were nine selling days in both periods.
+    The nation's second largest auto maker said it sold 79,249
+vehicles compared with 61,169 a year ago.
+    For the month of March sales rose 17.8 pct to 197,328
+vehicles verses 167,490 in March 1986. Year-to-date sales
+declined 0.2 pct to 462,629 units compared with 463,768 for the
+first three months of 1986, it said.
+    Ford said sales of trucks for the late-March period were up
+28.1 pct to 50,305 vehicles verses 39,269 a year ago. Truck
+sales for all of last month increased 23.1 pct to 136,767
+compared to 111,066 last year. Year-to-date sales rose 8.7 pct
+to 332,461 verses 305,781 for the first three months of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1892" NEWID="12923">
+<DATE> 3-APR-1987 11:09:26.18</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1303&#31;reute
+b f BC-/-FED-EXPECTED-TO-TAK   04-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO TAKE NO MONEY MARKET ACTION</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>The Federal Reserve is expected to take
+no reserve-management action in the U.S. Government securities
+market during its usual intervention period, economists said.
+    They said that, if the Fed does act, it will likely add
+temporary reserves indirectly by arranging one to 1.5 billion
+dlrs of customer repurchase agreements.
+    Federal funds, which averaged 6.14 pct yesterday, opened at
+5-15/16 pct and remained there in early trading. Analysts
+believe this probably is about where the Fed wants the funds
+rate to be.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1893" NEWID="12924">
+<DATE> 3-APR-1987 11:11:47.50</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>panama</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G T M
+&#22;&#22;&#1;f1312&#31;reute
+d f BC-panama-canal-ships   04-03 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AGENCY REPORTS 30 SHIPS WAITING AT PANAMA CANAL</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Panama Canal Commission, a U.S.
+government agency, said in its daily operations report that
+there was a backlog of 30 ships waiting to enter the canal
+early today. Over the next two days it expects --              
+             4/03  4/04
+                       Due: 36    28
+      Scheduled to Transit: 38    38
+           End-Day Backlog: 28    18
+    Average waiting time tomorrow --
+         Super Tankers  Regular Vessels
+ North End:  19 hrs       8 hrs
+ South End:  20 hrs      16 hrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1894" NEWID="12925">
+<DATE> 3-APR-1987 11:12:18.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1315&#31;reute
+b f BC-OWENS-ILLINOIS   04-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OWENS-ILLINOIS &lt;OI> FILES 2.05 BILLION DLR OFFER</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Ownes-Illinois Holdings Corp filed
+with the Securities and Exchange Commission for debt offerings
+with principal amounts totalling 2.05 billion dlrs.
+    The company, which is the successor to Ownens-Illinois Inc,
+said it plans to offer 250 mln dlrs of senior subordinated
+notes due 1996, 500 mln dlrs of subordinated debentures due
+1999 and 1.3 billion dlrs of junior subordinated discount
+debentures due 2003.
+    Proceeds from the offering, together with about 50 mln dlrs
+in bank borrowings, will be used to repay or redeem financing
+incurred in connection with the takeover, it said.
+    Owens-Illinois, which was taken over by a group led by
+Kohlberg Kravis Roberts and Co, said financing incurred in the
+takeover includes a 550 mln dlr bridge loan provided by a bank
+group, 200 mln dlrs provided by two common stock partnerships
+and 600 mln dlrs of junior subordinated notes due Sept 17, 1988
+which were sold to an affiliated of Morgan Stanley and Co Inc.
+    Other proceeds will be used to pay underwriting costs, the
+company said. Morgan Stanley is the underwriter, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1895" NEWID="12926">
+<DATE> 3-APR-1987 11:14:13.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1323&#31;reute
+u f BC-noranda-revises-numbe   04-03 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA REVISES NUMBER OF MINERS WHO WERE TRAPPED</TITLE>
+<DATELINE>    Murdochville, Quebec, April 3 - </DATELINE><BODY>&lt;Noranda Inc> said a total
+of 57 miners were trapped in a copper mine yesterday by a fire
+that burned for 24 hours and killed one miner.
+    Earlier, the company had said 44 miners were trapped.
+    Some of the miners suffered smoke inhalation but the 56 who
+emerged safely are out of danger, the company said. Noranda
+estimated that the fire caused 10 mln Canadian dlrs in damage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1896" NEWID="12927">
+<DATE> 3-APR-1987 11:14:32.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1325&#31;reute
+u f BC-PIEDMONT-&lt;PIE>-MARCH   04-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT &lt;PIE> MARCH LOAD FACTOR WAS 63.4 PCT</TITLE>
+<DATELINE>    WINSTON-DSLRM, N.C., April 3 - </DATELINE><BODY>Piedmont Aviation Group
+Inc's Piedmont Airlines said its load factor rose to 63.40 pct
+last month from 61.12 pct in March 1986.
+    The airline said it flew 987.7 mln revenue passenger miles
+last month, up 15.6 pct from 854.0 mln a year earlier while its
+available seat miles rose 11.5 pct to 1.56 billion from 1.40
+billion in March 1986.
+    Piedmont said its first quarter load factor was 57.33 pct
+up from 54.89 pct a year earlier. First quarter revenue
+passenger miles rose 16.3 pct to 2.66 billion and available
+seat miles were up 11.4 pct to 4.46 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1897" NEWID="12928">
+<DATE> 3-APR-1987 11:15:18.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1330&#31;reute
+r f BC-RANGE-ROVER-OF-NORTH   04-03 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RANGE ROVER OF NORTH AMERICA INC MARCH SALES.</TITLE>
+<DATELINE>    LANHAM, Md., April 3 - </DATELINE><BODY>&lt;Range Rover of North America Inc>
+said that for the month of March it sold 79 vehicles versus nil
+for March 1986.
+    The company said that year to date it sold 79 vehicles
+versus nil year-to-date last year.
+    The British luxury sport-utility vehicle officially went on
+sale March 16, Range Rover said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1898" NEWID="12929">
+<DATE> 3-APR-1987 11:15:24.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1331&#31;reute
+r f BC-LAND'S-END-INC-&lt;LEYS>   04-03 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAND'S END INC &lt;LEYS> VOTES INITIAL PAYOUT</TITLE>
+<DATELINE>    DODGEVILLE, WIS., APril 3 - </DATELINE><BODY>Land's End Inc said its board
+declared a dividend of 10 cts a share payable April 30, record
+April 13.
+    It is the company's first dividend since it became a public
+entity last October.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1899" NEWID="12930">
+<DATE> 3-APR-1987 11:15:34.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1332&#31;reute
+r f BC-HADSON-&lt;HADS>-TO-OFFE   04-03 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HADSON &lt;HADS> TO OFFER FOUR MLN SHARES</TITLE>
+<DATELINE>    OKLAHOMA CITY, April 3 - </DATELINE><BODY>Hadson Corp said it is offering
+four mln new shares of its common, par value 10 cts a share, at
+8-1/2 dlrs a shares.
+    It had previously announced it would offer 3,750,000 shares
+in a filing with the Securities and Exchange Commission.
+    Hadson said proceeds will be used for expansion of its
+existing businesses and energy-related acquisitions, and for
+general corporate purposes.
+    Shearson Lehman Brothers Inc and Painwebber Inc are the
+managing underwriters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1900" NEWID="12931">
+<DATE> 3-APR-1987 11:15:51.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1334&#31;reute
+d f BC-CALIFORNIA-ENERGY-&lt;CE   04-03 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA ENERGY &lt;CECI> GETS FINANCING</TITLE>
+<DATELINE>    SANTA ROSA, Calif., April 3 - </DATELINE><BODY>California Energy Co said it
+received 3.5 mln dlrs in private financing from a European
+investment group to support further development by China Lake
+Joint Venture of geothermal energy resources located on lands
+at China Lake, Calif.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1901" NEWID="12932">
+<DATE> 3-APR-1987 11:15:59.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1335&#31;reute
+h f BC-AEQUITRON-&lt;AQTN>-SELL   04-03 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEQUITRON &lt;AQTN> SELLS LAND FOR 1.8 MLN DLRS</TITLE>
+<DATELINE>    MINNEAPOLIS, April 3 - </DATELINE><BODY>Aequitron Medical Inc said that
+&lt;Vantage Properties Inc> has exercised its option to buy 15.3
+acres of land from Aequitron for 1.8 mln dlrs.
+    Aequitron orginally gave Vantage the option in May 1986 in
+exchange for a 100,000 dlr letter of credit, which will be
+forfeit if Vantage does not close the deal by April 30,
+Aequitron said.
+    Aequitron added it expects the deal to close on or before
+April 30, its fiscal year-end.
+    The company said it could realize a gain of about 300,000
+dlrs on the sale, which will be used to reduce short term debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1902" NEWID="12933">
+<DATE> 3-APR-1987 11:16:11.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1337&#31;reute
+h f BC-ALLWASTE-&lt;ALWS>-TO-AC   04-03 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLWASTE &lt;ALWS> TO ACQUIRE SERVICE FIRM</TITLE>
+<DATELINE>    HOUSTON, April 3 - </DATELINE><BODY>Allwaste Inc said it agreed in principle
+to acquire all outstanding stock of a company in the industrial
+service business for 1.98 mln dlrs in common stock.
+    It did not identify the company to be acquired.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1903" NEWID="12934">
+<DATE> 3-APR-1987 11:16:36.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1339&#31;reute
+u f BC-USAIR-GROUP-&lt;U>-MARCH   04-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR GROUP &lt;U> MARCH LOAD FACTOR RISES</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>USAir Group Inc said March load
+factor rose to 66.5 pct from 62.9 pct in March 1986.
+    Revenue passenger miles rose 17.2 pct in March to 1.10
+billion from 942.6 mln and 18 pct year-to-date to 2.90 billion
+from 2.46 billion, the company said.
+    Available seat miles grew 10.8 pct in March to 1.66 billion
+from 1.50 billion and 10 pct in the three months to 4.72
+billion from 4.29 billion.
+    Year-to-date load factor rose to 61.5 pct from 57.4 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1904" NEWID="12935">
+<DATE> 3-APR-1987 11:17:00.75</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1340&#31;reute
+u f BC-GLOBAL-RAISES-HEAVY-F   04-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLOBAL RAISES HEAVY FUELS PRICES</TITLE>
+<DATELINE>    New York, April 3 - </DATELINE><BODY>global petroleum corp said today it
+raised the posted cargo prices for number six fuel in the new
+york harbor 20 cts to 1.45 dlrs a barrel, effective today.
+    the increase brings the prices for one pct sulphur to 21.30
+dlrs, up 20 cts; two pct sulphur 20.85 dlrs, up one dlr; 2.2
+pct sulphur 20.50, up 1.25 dlrs, and 2.5 pct sulphur 20.25
+dlrs, up 1.45 dlrs, it said.
+    prices for 0.3 pct and 0.5 pct sulphur fuels were unchanged
+at 22.50 and 21.85 dlrs respectively, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1905" NEWID="12936">
+<DATE> 3-APR-1987 11:18:36.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1347&#31;reute
+d f AM-DRUGS-MEXICO   04-03 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE DEFEATS MOVE TO CUT MEXICO AID</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Democratic-controlled U.S. Senate
+sided with President Reagan and defeated an attempt to cut U.S.
+aid to Mexico as a protest it is failing to cooperate fully
+with the American war against drugs.
+    A day after the Senate trounced Reagan's attempt to sustain
+a veto of a major highway bill, a bipartisan majority gave him
+a victory by shelving on a 49 to 38 vote a measure to halve
+assistance given Mexico.
+    Two companion measures also were expected to be defeated,
+to halve aid to Panama and the Bahamas.
+    The fight was considered more symbolic than having
+significant impact, since Mexico this year is receiving a
+relatively small 15.7 mln dlrs in assistance. But critics said
+cutting the aid would hurt U.S.-Mexico relations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1906" NEWID="12937">
+<DATE> 3-APR-1987 11:19:12.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1351&#31;reute
+d f BC-SOO-LINE-&lt;SOO>-TO-SEL   04-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOO LINE &lt;SOO> TO SELL LAKE STATES DIVISION</TITLE>
+<DATELINE>    MINNEAPOLIS, April 3 - </DATELINE><BODY>Soo Line Corp said it agreed to sell
+its Lake States Transportation Division to the newly formed
+Wisconsin Central Ltd.
+    The division conducts rail operations over about 2,000
+miles of railroad in Minnesota, Wisconsin, Michigan and
+Illinois. Soo Line said in January it was seeking bids for the
+property.
+    Terms were withheld, but Soo has estimated that the
+transaction will result in a one-time after-tax loss of 8.0 to
+15.0 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1907" NEWID="12938">
+<DATE> 3-APR-1987 11:27:02.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1373&#31;reute
+b f BC-FRENCH-GOVERNMENT-SET   04-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH GOVERNMENT SETS BTP SHARES AT 130 FRANCS</TITLE>
+<DATELINE>    PARIS, April 3 - </DATELINE><BODY>The French government has set the public
+offer price of shares for the state-owned &lt;Banque du Batiment
+et des Travaux Publics> at 130 francs, valuing the bank at 416
+mln francs, the Finance Ministry said in a statement.
+    This follows an analysis by the privatisation commission
+putting the bank's value at at least 400 mln francs.
+    The public share offer will open on April 6 and close on
+April 10.
+    The share capital of the bank comprises 3.2 mln shares, of
+which the state will keep 200,000 to permit it to proceed with
+free share issues to small shareholders later, the ministry
+said.
+    A total of 51 pct of the capital, corresponding to 1.63 mln
+shares, will be allocated directly to various investor groups
+who responded to invitations for tenders.
+    A further 1.07 mln shares will be sold to the public
+through the Paris Bourse and 300,000 shares, or 10 pct of
+shares on offer, will be reserved for employees and former
+employees of the bank.
+    The group comprising Federation Nationale du Batiment,
+Caisse Nationale de Surcompensation du Batiment et des Travaux
+Publics, Societe Mutuelle d'Assurance du Batiment et des
+Travaux Publics and Societe Mutuelle d'Assurance sur la Vie du
+Batiment et des Travaux Publics received 20.5 pct of capital.
+    Another group comprising Federation Nationale des Travaux
+Publics (FNTP), Syndicat Professionel des Entrepreneurs de
+Travaux Publics de France et d'Outre-Mer and Caisse Nationale
+des Entrepreneurs de Travaux Publics de France et d'Outre-Mer
+received 11.5 pct of the capital.
+    A third group comprising Credit Commercial de France (CCF),
+&lt;Banque Hervet>, Comptoir des Entrepreneurs and Comptoir
+Central de Materiel d'Entreprise received eight pct of capital.
+    Credit Foncier de France (CFF) and Credit Lyonnais were
+each allocated 5.5 pct of the bank's capital.
+    Private individuals investing in the public share offer
+will receive a one-for-10 free share issue if they hold the
+shares for at least 18 months, up to a limit of five free
+shares, while employees and former employees will be entitled
+to discounts of between five and 20 pct on the issue price.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1908" NEWID="12939">
+<DATE> 3-APR-1987 11:28:53.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1381&#31;reute
+b f BC-COASTAL-CORP-&lt;CGP>-AN   04-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL CORP &lt;CGP> AND UNITS UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Standard and Poor's Corp said it
+upgraded the ratings on four billion dlrs of debt of Coastal
+Corp and its subsidiaries.
+    S and P cited Coastal's success in reducing debt and
+preferred stock by 390 mln dlrs last year, despite weak energy
+prices. As debt is repaid, pretax interest coverage should rise
+gradually from the current depressed 1.4 times level.
+    Raised were Coastal's notes, debentures and Eurobonds to
+BB-minus from B-plus and subordinated debt and preferred to
+B-plus from B-minus. S and P upgraded the units Wycon Chemical
+Corp and ANR Finance N.V./B.V.
+    Wycon Chemical's industrial revenue bonds, guaranteed by
+the parent, were raised to BB-minus from B-plus.
+    S and P upgraded ANR Finance's Euronotes to BB-minus from
+B-plus, ANR Pipeline Co's first mortgage bonds to BB-plus from
+BB, debentures and Eurobonds to BB-minus from B-plus and
+preferred to BB from B-plus.
+    Also, Colorado Interstate Gas Co's first mortgage bonds
+were raised to BB-plus from BB and debentures to BB-minus from
+B-plus, while the unit's preferred was affirmed at BB.
+    A manageable debt maturity schedule for the next few years
+mitigates concern over Coastal's capital structure, S/P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1909" NEWID="12940">
+<DATE> 3-APR-1987 11:29:24.75</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1383&#31;reute
+u f BC-BP-SAYS-NO-PLANS-TO-C   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP SAYS NO PLANS TO CLOSE SWEDISH REFINERY</TITLE>
+<DATELINE>    LONDON, April 2 - </DATELINE><BODY>The British Petroleum Co Plc &lt;BP.L> said
+it had no plans to close its refinery in Gothenburg, despite
+forecasts by a Swedish finance ministry committee that it might
+be planning such a move.
+    The committee said the refinery's future looked bleak
+because the Swedish petroleum industry's competitiveness was
+expected to worsen unless it invested, and because of the
+effects of a possible tightening of rules on sulphur content.
+    But BP said the unit, in which Sweden's &lt;OK Petroleum AB>
+has a 22 pct stake, had performed well both technically and
+financially up to and including the first quarter of 1987.
+    Current restrictions on sulphur emissions and known future
+plans for both Sweden and export markets did not cause it any
+serious problems, it said in a statement.
+    The refinery started up in 1967 and has an annual capacity
+of 4.7 mln tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1910" NEWID="12941">
+<DATE> 3-APR-1987 11:33:42.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1392&#31;reute
+r f BC-ITALY-SETS-BANK-CAPIT   04-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY SETS BANK CAPITAL ADEQUACY REQUIREMENTS</TITLE>
+<DATELINE>    ROME, April 3 - </DATELINE><BODY>The Bank of Italy issued details of new
+bank capital adequacy requirements due to come into force in
+June, in a central bank circular.
+    The Bank of Italy circular follows an interministerial
+committee decision last December to introduce minimum capital
+adequacy requirements for banks.
+    The requirements, which formalise criteria already in use,
+comprise a risk-asset ratio applicable to banking operations
+including foreign branches, and a gearing ratio which excludes
+business of foreign branches.
+     The risk-asset ratio measures solvency, defined as a
+bank's ability to meet all its liabilities through the
+realisation of its assets, while the second establishes the
+minimum capital a bank must hold relative to its size.
+    Specifically, total credits and off balance sheet items of
+domestic and foreign branches must not exceed an amount
+equivalent to 12.5 times the bank's capital, net of stakes held
+in Italian banks. The gearing ratio limits total financial
+assets of domestic branches to 22.5 times capital, net of
+stakes held in Italian banks.
+   The Bank of Italy said the requirements corresponded to a
+risk-asset ratio of eight pct and a gearing ratio of 4.4 pct.
+    For both ratios, the value of equity investments and stakes
+other than those in Italian banks will be deducted from the
+capital multiple.
+    The total credit risk of an individual bank will be
+calcluated by assigning specific weights to the various
+categories of financial assets and off balance sheet assets.
+The weighting will be based essentially on credit risk and will
+not take into account guarantees, other forms of risk transfer
+or potential losses linked to exchange or interest rates.
+    The definition of capital on which the ratios will be
+calculated comprises shareholders' equity and disclosed legal
+reserves plus "general provisions having the character of
+reserves." Own shares held in portfolio will be excluded.
+    The Bank of Italy said it would set more stringent
+individual ratios for those banks running greater risks
+regarding items such as the quality, mobility and concentration
+of assets, and to liquidity and management adequacy.
+    The new ratios will be applied to all banks operating in
+Italy.
+    Banks which are not in line with the requirements by June
+1987 "must correct their position in the shortest time possible,"
+the Bank of Italy said. A transition period would be allowed
+but would not be more than four years.
+    Italian branches of foreign banks will be exempted from the
+risk ratio when the parent banks are already subject to similar
+ratios but must comply with the gearing ratio.
+    The Bank of Italy said the introduction of capital ratios
+aimed to further enhance capital adequacy at a time of
+increasing competitiveness and was a further step in bringing
+Italy into line with supervisory norms in other countries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1911" NEWID="12942">
+<DATE> 3-APR-1987 11:34:48.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1397&#31;reute
+r f BC-UK-HOPES-HOWARD'S-TOK   04-03 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK HOPES HOWARD'S TOKYO TRIP WILL EASE TENSIONS</TITLE>
+<AUTHOR>    By Sten Stovall, Reuter</AUTHOR>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Britain and Japan remained deadlocked
+today over trade policies, and political sources said the U.K.
+Government was pinning hopes for a breakthrough on the trip to
+Tokyo next week by Corporate Affairs Minister Michael Howard.
+    Howard told Reuters he would try to "promote understanding
+on trade issues" during his trip, which starts tomorrow.
+    Meanwhile, Britain will re-examine a letter from Japan's
+prime minister promising his personal help for a solution to
+the row over a U.K. Firm's bid to win a significant role in
+Japan's liberalised telecommunications market, government
+sources said.
+    Tensions have risen following the decision by Britain to
+arm itself early with new statutory powers which it says could
+be used against certain Japanese financial insitutions.
+    Britain had reacted optimistically at first to the letter
+from Japanese leader Yasuhiro Nakasone to U.K. Prime Minister
+Margaret Thatcher. It had been seen as a signal that he would
+work towards ensuring a satisfactory outcome to the bid
+launched by Cable and Wireless Plc &lt;CAWL.L>, officials said.
+    But this view has been clouded by reports from Tokyo that
+Nakasone's assurances really constituted little more than
+politeness in the face of loud British anger, they added.
+    Howard said he would use his trip to push for a bigger role
+in Japan's telecommunications industry for Cable and Wireless
+Plc. The U.K. Government has made the issue a test case for
+Japan's willingness to open its markets adequately to outside
+competition.
+    Asked whether the letter from Nakasone was a rejection of
+attempts by Britain to achieve that, Howard said "I am not sure
+it is correct to regard Mr Nakasone's letter as a rejection of
+Mrs Thatcher's request of him - and it says he is taking a
+personal interest in this problem."
+    "I don't understand it to be closed at all."
+    During his visit to Tokyo, Howard said "I shall be talking
+to them about it (the letter), finding out exactly what they do
+mean about it, and making it plain that we take a very serious
+view of the fact that access to Japanese markets is not as free
+as we allow acces to our markets to be."
+    He noted that under the new Financial Services Act, Britain
+could revoke or deny licences to Japanese banking and insurance
+institutions in London if U.K. Firms fail to get receive
+similar treatment in financial markets in Japan soon.
+    "I hope it won't come to that, and I don't think it will,"
+Howard added.
+    Officials involved in Howard's Tokyo itinerary said they
+had tried to arrange meetings with Japanese officials who were
+least likely to see trade issues in too a parochial a light.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1912" NEWID="12943">
+<DATE> 3-APR-1987 11:37:03.68</DATE>
+<TOPICS><D>plywood</D><D>lumber</D></TOPICS>
+<PLACES><D>usa</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1407&#31;reute
+r f BC-USDA-CORRECTS-TURKEY   04-03 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA CORRECTS TURKEY CREDIT ANNOUNCEMENT</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The U.S. Agriculture Department said
+an announcement by the department yesterday concerning 15.0 mln
+dlrs in additional credit guarantees for exports of U.S.
+commodities to Turkey contained two inaccuracies.
+    First, the USDA said its announcement should not have said
+that plywood was excluded from the additional three mln dlrs in
+GSM-102 credit guarantees for lumber.
+    The original announcement said the guarantees included
+three mln dlrs for lumber, except plywood.
+    Melvin Sims, USDA general sales manager, told Reuters he
+did not anticipate any plywood would be included in the sales,
+but that "it's possible it would be."
+    Plywood in the past has not been eligible for GSM-102
+credit guarantees because it is considered by some to be a
+manufactured product. Members states of the Organization for
+Economic Cooperation and Development have pledged not to offer
+concessional credits on manufactured products, Sims said.
+    However, the Reagan administration is considering whether
+to allow plywood sales to be covered by the credit guarantee
+program, Sims said.
+    Second, the USDA announcement said 6.0 mln dlrs of a
+previously announced 6.0-mln dlr line for tallow under GSM-102
+was available for both public and private sector importers.
+    In fact, the line of credit guarantees for tallow is
+available only for public sector importers, Walter Stern,
+Foreign Agricultural Service Turkey analyst, said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1913" NEWID="12944">
+<DATE> 3-APR-1987 11:38:08.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1411&#31;reute
+d f BC-DATAFLEX-&lt;DFLX>-NAMES   04-03 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATAFLEX &lt;DFLX> NAMES PRESIDENT</TITLE>
+<DATELINE>    EDISON, N.J., April 3 - </DATELINE><BODY>Dataflex Corp said it named Richard
+Rose president, succeeding Jeffrey Lamm, who continues as
+chairman and chief executive officer.
+    Rose has been executive vice president of the desktop
+computer marketing company since joining it in 1984.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1914" NEWID="12945">
+<DATE> 3-APR-1987 11:44:54.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1426&#31;reute
+r f BC-OLIN-&lt;OLN>-TO-RESTRUC   04-03 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIN &lt;OLN> TO RESTRUCTURE DEFENSE GROUP</TITLE>
+<DATELINE>    STAMFORD, Conn., April 3 - </DATELINE><BODY>Olin Corp said it was conducting
+an organizational restructuring of its defense systems group to
+meet growth plans.
+    The corporation said the restructuring creates several
+divisions within the group, including a new aerospace division
+that brings togehter Olin's Rocket Research Company and Pacific
+Electro Dynamics unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1915" NEWID="12946">
+<DATE> 3-APR-1987 11:45:03.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1427&#31;reute
+r f BC-CHICAGO-PACIFIC-&lt;CPAC   04-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO PACIFIC &lt;CPAC> UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Moody's Investors Service Inc said it
+raised to B-1 from B-2 Chicago Pacific Corp's 315 mln dlrs of
+subordinated notes.
+    The agency said the rating recognizes risks in Chicago
+Pacific's highly leveraged balance sheet, uncertainty arising
+from its consideration of another sizable acquisition and
+exposure to the European appliance industry.
+    Moody's said the units Hoover and Rowenta have leading
+market positions. Debt to capital will be slightly more than 60
+pct pro forma, but since Chicago Pacific's plant is modern,
+capital spending is considered largely discretionary, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1916" NEWID="12947">
+<DATE> 3-APR-1987 11:45:26.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1428&#31;reute
+d f BC-W.W.-GRAINGER-&lt;GWW>-S   04-03 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>W.W. GRAINGER &lt;GWW> SEEKS TO INCREASE SHARES</TITLE>
+<DATELINE>    SKOKIE, Ill., April 3 - </DATELINE><BODY>W.W. Grainger Inc said it is asking
+shareholders to approve an increase in the number of its common
+shares, one dlr par value, to 75 mln shares from 35 mln shares
+currently.
+    In addition, W.W. Grainger said it is asking shareholders
+to approve an increase in the number of authorized preferred
+stock to three mln shares, with one dlr par value, from 600,000
+shares, without par value.
+    W.W. Grainger said its shareholders will vote on the
+proposals, outlined in its proxy statement, at its annual
+meeting on April 29.
+    Also, in its annual report, W.W. Grainger, an electric
+motor distributor, said it plans to open 16 branches in the New
+York area and five in Detroit in the next eleven months.
+    Grainger added it expects to open 15 of the branches this
+year.
+    The company said market research and start-up costs for the
+New York and Detroit branches will run at about eight mln dlrs,
+1.5 mln dlrs of which was charged against 1986 earnings, while
+the rest will be charged against earnings as incurred.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1917" NEWID="12948">
+<DATE> 3-APR-1987 11:47:13.83</DATE>
+<TOPICS><D>plywood</D><D>lumber</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1433&#31;reute
+d f BC-PLYWOOD-CREDITS-EYED   04-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLYWOOD CREDITS EYED BY REAGAN ADMINISTRATION</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Reagan administration is debating
+whether to provide government credit guarantees for the export
+of plywood, a U.S. Agriculture Department official said.
+    As a member of the Organization for Economic Cooperation
+and Development, OECD, the United States has agreed not to
+provide any concessional credits on the export of manufactured
+products.
+    However, USDA General Sales Manager Melvin Sims told
+Reuters the administration is considering allowing USDA to
+provide its first export credit guarantees for plywood on the
+grounds it is not a manufactured product.
+    Sims said it was clear that wood products such as
+furniture, tables and window frames would be considered
+manufactured goods and therefore ineligible for export credit
+guarantees. However, the case of plywood was less clear.
+    "As long as it's a basic material, we consider it still just
+a processed version of the basic agricultural commodity," Sims
+said in a telephone interview.
+    Earlier today, USDA said that plywood was eligible under an
+export credit guarantee offer for Turkey announced yesterday.
+In its original announcement yesterday, USDA had said the offer
+included three mln dlrs for the export of lumber, excluding
+plywood. However, Sims said he did not expect any plywood
+exports to be including under the lumber guarantee offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1918" NEWID="12949">
+<DATE> 3-APR-1987 11:48:57.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1437&#31;reute
+u f BC-POPE-AND-TALBOT-&lt;POP>   04-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POPE AND TALBOT &lt;POP> SEES HIGHER 1ST QTR NET</TITLE>
+<DATELINE>    PORTLAND, Ore., April 3 - </DATELINE><BODY>Pope and Talbot Inc said it
+expects first quarter earnings to total about one dlr per
+share, compared with a year-earlier loss of nine cts per share.
+    Each of the company's business segments contributed to the
+sharp improvement, Pope and Talbot said.
+    The wood products company also said it expects to release
+first quarter results later this month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1919" NEWID="12950">
+<DATE> 3-APR-1987 11:50:02.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1439&#31;reute
+b f BC-******COASTAL-TO-FILE   04-03 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COASTAL TO FILE PROPOSED PLAN FOR TRANSAMERICAN LIQUIDATION ON APRIL 15
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1920" NEWID="12951">
+<DATE> 3-APR-1987 11:52:09.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1447&#31;reute
+u f BC-AMERICAN-MOTORS-&lt;AMO>   04-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MOTORS &lt;AMO> LATE MARCH CAR SALES OFF</TITLE>
+<DATELINE>    SOUTHFIELD, Mich., April 3 - </DATELINE><BODY>American Motors Corp said its
+domestic car sales for March 21-31 fell 50 pct, to 1,198 cars,
+2,420 cars over the same period last year.
+    For March, AMC's domestic car sales dropped 56 pct, to
+2,748 cars, from 6,300 cars in March 1986, AMC said.
+    AMC added that year-to-date its domestic cars sales
+retreated 60 pct, to 7,670 cars, from 19,161 cars last
+year-to-date.
+    AMC said its Jeep sales for the March 21-31 period,
+however, rose 25 pct, to 6,873 Jeeps, from 5,506 Jeeps in the
+same period last year.
+    For the month, Jeep sales rose 15 pct to 15,873 Jeeps, from
+13,806 Jeeps in March 1986, AMC said.
+    Year-to-date Jeep sales climbed two pct to 46,896 Jeeps,
+from 46,056 Jeeps last year-to-date, AMC added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1921" NEWID="12952">
+<DATE> 3-APR-1987 11:52:19.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1448&#31;reute
+u f BC-ITALIAN-TREASURY-CERT   04-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN TREASURY CERTIFICATE OFFER CLOSES EARLY</TITLE>
+<DATELINE>    ROME, April 3 - </DATELINE><BODY>The Italian Treasury said it had closed its
+latest offer of 10-year variable coupon certificates (CCTs)
+early after receiving subscriptions totalling 11,500 billion
+lire. The amount of the offer, scheduled to close April 7, had
+not been prefixed.
+    The Treasury said it had closed the offer early in view of
+the market's response and having taken into account the
+estimated state borrowing requirement for the current month.
+    The CCTs were priced at 99.00 pct for an effective net
+annual yield on the first coupon, payable April 1 1988, of 9.85
+pct. Terms were identical to those on the preceding offer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1922" NEWID="12953">
+<DATE> 3-APR-1987 11:52:55.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1452&#31;reute
+r f BC-PRESIDIO-OIL-&lt;PRS>-BE   04-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDIO OIL &lt;PRS> BEGINS EXCHANGE OFFER</TITLE>
+<DATELINE>    DENVER, April 3 - </DATELINE><BODY>Presidio Oil Co said it began an offer to
+exchange shares of its recently created class A common stock
+for shares of its class B common stock on a share-for-share
+basis.
+    The oil and gas company also said it plans to declare an
+annual cash dividend of 10 cts a share, payable quarterly, on
+the class A stock. Though not restricted from doing so, it does
+not plan to pay cash dividends on the class B common.
+    The exchange offer is on a one-time only basis and will be
+open for 90 days, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1923" NEWID="12954">
+<DATE> 3-APR-1987 11:53:50.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1456&#31;reute
+u f BC-SALLIE-MAE-TO-PRICE-F   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALLIE MAE TO PRICE FLOATING RATE NOTES MONDAY</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Student Loan Marketing
+Association said it plans to price 300 mln dlrs of short-term
+floating rate notes due Oct 8, 1987, on Monday.
+    The notes are for settlement April 9 and when-issued
+trading is expected to begin at 0930 hrs EST April 7, it said.
+    Sallie Mae said the notes will be priced at a spread to the
+bond equivalent rate of the 91-day Treasury bill with the
+interest being reset the day after each weekly T-bill auction.
+    It said the notes will be offered in book entry form by a
+selling group managed by Sallie Mae in denominations of 10,000
+dlrs and 5,000 dlrs increments thereafter.
+    Sallie Mae, a federally chartered, stockholder-owned
+corporation, is the nation's major financial intermediary
+serving the education credit market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1924" NEWID="12955">
+<DATE> 3-APR-1987 11:54:18.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1459&#31;reute
+r f BC-SOUTHWEST-&lt;LUV>-PLANS   04-03 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST &lt;LUV> PLANS TO BEGIN DETROIT SERVICE</TITLE>
+<DATELINE>    DALLAS, April 3 - </DATELINE><BODY>Southwest Airlines said it will begin
+service to Detroit, Michigan on June 4, 1987.
+    It said that with the new service, it will serve 27 cities
+in 13 states across the U.S.
+    It also said that delivery of six new 737-300 aircraft will
+enable it to expand its route system in June.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1925" NEWID="12956">
+<DATE> 3-APR-1987 11:54:28.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1460&#31;reute
+r f BC-STARS-TO-GO-&lt;STAR>-GE   04-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STARS TO GO &lt;STAR> GETS STORES, AGREEMENT</TITLE>
+<DATELINE>    LOS ANGELES, April 3 - </DATELINE><BODY>Stars to Go Inc said it completed
+its acquisition of 650 video centers previously owned by CVS
+International Inc and located in Circle K Corp &lt;CKP> stores.
+    In conjunction with the acquistion, Circle K also granted
+it the exclusive right to install video cassette rental centers
+in all existing 3,500 Circle K stores, as well as in future
+stores, for a period of seven years, Stars to Go said.
+    The company also said it currently has a total of 4,650
+centers in operation and expects to increase the total to 6,000
+by June 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1926" NEWID="12957">
+<DATE> 3-APR-1987 11:54:40.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1461&#31;reute
+r f BC-MESA-&lt;MOS>-GETS-PAYME   04-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MESA &lt;MOS> GETS PAYMENT FROM PARTNERSHIP</TITLE>
+<DATELINE>    HOUSTON, April 3 - </DATELINE><BODY>Mesa Offshore Trust said it received its
+first cash distribution from the Mesa Limited Partnership and
+expects dividends to its unitholders to begin in July.
+    It said the cash distribution for March totaled 2,484,000
+dlrs, which will be used to repay a portion of the Trust's
+outstanding 3.2 mln dlr line of credit with Texas Commerce Bank
+National Association. Mesa said the line of credit must be
+repaid before distributions to unit holders may begin.
+    Mesa Offshore Trust previously owed Mesa Limited Partnship
+for expenses related to exploration and development of the
+Trust's properties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1927" NEWID="12958">
+<DATE> 3-APR-1987 11:54:50.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1462&#31;reute
+r f BC-LEAR-SIEGLER-DEBT-RAT   04-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEAR SIEGLER DEBT RATINGS WITHDRAWN BY S/P</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Standard and Poor's Inc said it
+withdrew the ratings on Lear Siegler Inc's A-rated senior debt
+and preferred stock, A-minus subordinated debt and A-1
+commercial paper.
+    S and P also withdrew the A rating on the outstanding
+non-callable 11-3/4 pct Lear senior notes of 1991.
+    Lear redeemed all of its and Bangor Punta's outstanding
+debt after undergoing a leveraged buyout which closed in
+January and was led by Forstmann Little. S and P added that
+Lear applied to delist its outstanding senior notes.
+                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1928" NEWID="12959">
+<DATE> 3-APR-1987 11:55:12.42</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>canada</D><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1464&#31;reute
+r f BC-polysar-in-joint   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLYSAR IN JOINT VENTURE ON FINLAND LATEX PLANT</TITLE>
+<DATELINE>    SARNIA, Ontario, April 3 - </DATELINE><BODY>Polysar Ltd, wholly owned by
+&lt;Canada Development Corp>, said it agreed to form a joint
+venture with Raision Tehtaat, of Finland, to build a synthetic
+rubber latex plant in southern Finland.
+    Project cost and plant capacity were not disclosed.
+    The joint venture, to be 51 pct owned by Raision Tehtaat
+and 49 pct by Polysar, will build a plant at Anjalankoski, east
+of Helsinki, to produce carboxylated styrene-butadiene latex.
+    The plant's production will be used by Finland's paper
+industry for making coated paper and paper board products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1929" NEWID="12960">
+<DATE> 3-APR-1987 11:55:49.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1467&#31;reute
+b f BC-NORTHWEST-AIRLINES-TO   04-03 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NORTHWEST AIRLINES TO BUY UP TO 20 AIRBUS A340 JETS, OPTIONS ON 10 A330S - AIRBUS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1930" NEWID="12961">
+<DATE> 3-APR-1987 11:55:58.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1468&#31;reute
+u f BC-FINNISH-PRIME-MINISTE   04-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH PRIME MINISTER AND GOVERNMENT RESIGN</TITLE>
+<DATELINE>    HELSINKI, April 3 - </DATELINE><BODY>Finnish Social Democrat Prime Minister
+Kalevi Sorsa and his centre-left majority government resigned
+formally, clearing the way for the Conservatives to re-enter
+government after 21 years in opposition.
+    The resignation was in line with tradition following the
+March 15-16 general election which gave the Conservatives nine
+more seats and a current total of 53 in the 200-seat chamber.
+    President Mauno Koivisto asked the outgoing coalition of
+Social Democrats, Centrists, Ruralists and Swedish members
+government to stay on in caretaker capacity, officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1931" NEWID="12962">
+<DATE> 3-APR-1987 11:56:03.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1469&#31;reute
+r f BC-STERLING-DRUG-INC-&lt;ST   04-03 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING DRUG INC &lt;STY> INCREASES PAYOUT</TITLE>
+<DATELINE>    NEW YORK, April 3-
+    </DATELINE><BODY>Qtrly div 38 cts vs 33 cts
+    Pay June 1
+    Record May 7
+    NOTE: company said this is the largest dividend increase in
+15 years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1932" NEWID="12963">
+<DATE> 3-APR-1987 11:56:14.63</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1470&#31;reute
+r f BC-meston   04-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMPBELL'S &lt;CCH> MESTON LAKE SETS GOLD TARGETS</TITLE>
+<DATELINE>    MONTREAL, April 3 - </DATELINE><BODY>&lt;Meston Lake Resources Inc>, 65.3 pct
+owned by Campbell Resources Inc, said it will begin commercial
+output at its Joe Mann mine in the Chibougamu area of Quebec at
+an initial daily rate of 500 short tons of ore grading 0.15
+ounce of gold per ton.
+    It said it will improve throughput to 700 tons a day at
+0.221 ounce of gold per ton.
+    Meston said current ore reserves at the property total
+910,000 tons grading 0.211 ounces of gold per ton and 0.3 pct
+copper, but it may be able to develop "substantially greater
+tonnage."
+  
+    Meston said underground drilling below current developed
+reserves has intersected the main zone 200 feet below the
+bottom level, with the average grade assayed at 0.530 ounce of
+gold per ton over true width of 17 feet.
+    A recent drillhole, east of the current shaft and 600 feet
+from the reserve boundary, intersected three zones grading,
+respectively, 0.708 ounce per ton over 5.4 feet at depth of 650
+feet, 0.706 ounce over seven feet at depth of 765 feet and
+0.418 ounce over one foot at depth of 1,000 feet. A second
+surface hole, 500 feet farther east, intersected 1.068 ounce
+per ton over 5.3 feet.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1933" NEWID="12964">
+<DATE> 3-APR-1987 11:56:26.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1471&#31;reute
+r f BC-MOODY'S-MAY-UPGRADE-U   04-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY UPGRADE UPJOHN &lt;UPJ> DEBT RATINGS</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may upgrade the ratings on Upjohn Co's 400 mln dlrs of debt.
+    The agency said it will study the effect new products may
+have on Upjohn's earnings potential. Moody's will also assess
+the effects that growth and a broader diversification of
+pharmaceutical cash flow will have on operating performance.
+    Moody's noted that pharmaceuticals and other health-care
+markets are characterized by a greater stability of cash flow.
+    Upjohn currently carries Aa-3 senior unsecured long-term
+debt and industrial revenue bonds. The company's Prime-1
+commercial paper is not under review.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1934" NEWID="12965">
+<DATE> 3-APR-1987 11:57:16.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1478&#31;reute
+r f BC-SYMBION   04-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARBURG PINCUS DECLINES TO UP SYMBION &lt;SYMB> BID</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Warburg, Pincus Capital Co L.P., an
+investment partnership, said it told representatives of Symbion
+Inc it would not increase the 3.50-dlr-per-share cash price it
+has offered for the company.
+    In a filing with the Securities and Exchange Commission,
+Warburg Pincus said one of its top executives, Rodman Moorhead,
+who is also a Symbion director, met April 1 with Symbion's
+financial advisor, L.F. Rothschild, Unterberg, Towbin Inc.
+    In a discussion of the offer, Warburg Pincus said Moorhead
+told the meeting there are no plans to raise the 3.50 dlr bid.
+    Moorhead told the Rothschild officials that Warburg Pincus
+considers the offered price to be a fair one, Warburg Pincus
+said.
+    Last Month Warburg Pincus launched a tender offer to buy up
+to 2.5 mln Symbion common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1935" NEWID="12966">
+<DATE> 3-APR-1987 11:59:19.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1482&#31;reute
+d f BC-ENSERCH-&lt;ENS>-TO-REDE   04-03 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENSERCH &lt;ENS> TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    DALLAS, APril 3 - </DATELINE><BODY>Enserch Corp said it called for
+redemption on May 4, 1987, all of its outstanding 16-3/4 pct
+sinking fund debentures due 2007.
+   The redemption is pursuant to the optional redemption
+provisions of the indenture at a price of 111.981 pct of part.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1936" NEWID="12967">
+<DATE> 3-APR-1987 12:00:00.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1483&#31;reute
+u f BC-EXCHANGE-SEEN-APPROVI   04-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXCHANGE SEEN APPROVING "WHEN ISSUED" GILT TRADE</TITLE>
+<AUTHOR>    By Sandy Critchley, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The Stock Exchange is virtually certain
+to agree to change its regulations in order to permit "when
+issued" trading of U.K. Government bonds (gilts) as part of an
+experimental series of bond auctions later this year, market
+sources said.
+    "The principle that this "when issued' trading should take
+place has been accepted by the Executive Committee of the
+International Stock Exchange," said George Nissen, chairman of
+the Gilt Edged Market Makers' Association (GEMMA). "It's a
+question of how, rather than whether," he told Reuters.
+    The Bank of England announced in February that it planned a
+possible series of experimental auctions for gilts, similar to
+the system used to market U.S. Treasury issues, with the first
+auction possibly in April or May.
+     The Bank said at that stage that it was not opposed in
+principle to "when issued" trading developing in bonds in the
+period between the announcement of full details of the auction
+and the auction itself, as in the U.S.
+    However, "when issued" trading is prohibited under the rules
+of the International Stock Exchange, formerly the London Stock
+Exchange, and would require an amendment in order to proceed.
+    Nissen said discussions on the technical details of a rule
+change to allow "when issued" trading were still taking place
+between the Government broker at the Bank of England and the
+Quotations Department of the Stock Exchange.
+    The 27 gilt-edged primary dealers regard the introduction
+of grey market trading as an essential feature of an auction
+system covering part of the Government's funding needs.
+    "If we are going into an auction system, we need to have
+some form of market test of the stock we're bidding for," said
+Simon Hartnell, Head Trader at primary dealer Alexanders Laing
+and Cruickshank Gilts Ltd.
+    "The American WI (when issued) market certainly functions
+very efficiently," he said.
+    Nissen said he believed that if "when issued" trading were
+not allowed, market-makers "would be extremely unhappy about the
+whole auction."
+    Gilt dealers noted that it was a basic provision of Stock
+Exchange rules that dealing could not take place in a stock
+until it was listed by the Quotations Department. However, this
+was mainly designed to prevent a grey market springing up in
+equities prior to listing.
+    They pointed out that in contrast to the many uncertainties
+connected with an issue of equity securities, there would be
+few imponderables relating to bonds just about to be issued by
+the Bank of England.
+    Senior market sources noted that in any case "when issued"
+trading would be supervised by the Stock Exchange and would be
+subject to Bank of England supervisory guidelines.
+    Since the Bank of England and market-makers themselves are
+known to be in favour of the idea, the sources said, there was
+now a presumption that there would be scope for "when issued"
+trading to take place.
+    Gilt sales now are effected by means of large-scale stock
+tenders or by tap issues of stock tranches direct to the
+market. But greater market capitalisation following the "Big
+Bang" restructuring last year provided an opportunity for
+change.
+    A combination of both systems would enable the Bank to
+benefit from both the flexibility offered by traditional
+marketing methods and the guarantee of a steady supply of funds
+implied by auctions.
+    The Bank said in a consultative document published in
+February that possibly two or three experimental auctions might
+each raise between one to 1-1/2 billion stg.
+    The remainder of the funding would be conducted by
+traditional tender and tap issue means. Total gross official
+sales of gilt-edged stock were 11.9 billion stg in 1985/86.
+    Nissen said that market-makers had agreed unanimously with
+the bank's view that auctions would be more easily conducted on
+a price basis, rather than based on yield.
+    He said that the odds were also in favour of adoption of a
+bid price form of auction, where successful bidders were
+allotted stock at the various prices at which they bid, rather
+than a common price allotment whereby stock was allocated at
+the lowest accepted price.
+    Hartnell said that while a "when issued" facility was crucial
+to market-makers' adaptation to the new system, he would also
+have liked to see an extension to the "fallow" period proposal
+made by the Bank of England.
+    The Bank said that it would not sell by any method stock of
+the same type as that to be auctioned between the time of the
+announcement of auction details and a period ending 28 days
+after the auction itself.
+    Noting that in the case of long bond auctions, U.S. Primary
+dealers have as much as three months between successive sales
+of stock, Hartnell said the Bank's proposal was "very tight."
+    Nissen said that following a meeting between GEMMA and the
+Bank of England on March 3, which he described as "very helpful,"
+GEMMA submitted a note making several further residual points.
+    Market-makers are now awaiting a further, fairly
+definitive, paper from the Bank which would contain details of
+auction procedures. Although the Bank has not yet formally
+announced a definite intention to proceed with the auctions,
+most market participants assume that they will go ahead.
+    "My own view is that we are on course and the first
+indications from the original paper - an auction at the end of
+April or in May - must be the best assumption," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1937" NEWID="12968">
+<DATE> 3-APR-1987 12:02:07.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>panama</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1490&#31;reute
+d f AM-DRUGS-MEXICO   04-03 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE VOTES TO CUT PANAMA AID</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Democratic-controlled U.S. Senate
+voted to slash foreign aid to Panama because of drug
+trafficking, but sided with President Reagan by refusing to cut
+U.S. aid to Mexico as a protest it is failing to cooperate
+fully with the American war against drugs.
+    In what Senate opponents of a cutoff said was a surprise,
+the Senate voted 58 to 31 to halve aid to Panama.
+    The measure, which the administration opposes, would need
+House approval before any aid would be stopped.
+    Panama is due to receive 28.5 mln dlrs in U.S. aid this
+year. A spokesman for the Senate Foreign Relations committee
+said if the House approves the measure too, half of this aid
+would be stopped.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1938" NEWID="12969">
+<DATE> 3-APR-1987 12:02:55.98</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D><D>nyce</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1496&#31;reute
+r f BC-NEW-YORK-FUTURES-EXCH   04-03 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK FUTURES EXCHANGE TO RELOCATE</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Lewis Horowitz, president of the New
+York Futures Exchange, said the New York Stock Exchange board
+yesterday approved in principle an agreement to relocate the
+futures exchange at the New York Cotton Exchange.
+    The agreement is subject to the approval of the Cotton
+Exchange board, which meets Tuesday, April 7.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1939" NEWID="12970">
+<DATE> 3-APR-1987 12:04:28.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1501&#31;reute
+d f BC-FINNISH-PRIME-MINISTE   04-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH PRIME MINISTER AND GOVERNMENT RESIGN</TITLE>
+<DATELINE>    HELSINKI, April 3 - </DATELINE><BODY>Finnish Social Democrat Prime Minister
+Kalevi Sorsa and his centre-left majority government resigned
+formally, clearing the way for the Conservatives to re-enter
+government after 21 years in opposition.
+    The resignation was in line with tradition following the
+March 15-16 general election which gave the Conservatives nine
+more seats and a current total of 53 in the 200-seat chamber.
+    President Mauno Koivisto asked the outgoing coalition of
+Social Democrats, Centrists, Ruralists and Swedish members
+government to stay on in caretaker capacity, officials said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1940" NEWID="12971">
+<DATE> 3-APR-1987 12:05:02.60</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1503&#31;reute
+d f BC-EC-WHEAT-RELEASE-UNLI   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC WHEAT RELEASE UNLIKELY TO SATISFY U.K. DEMAND</TITLE>
+<AUTHOR>    By Kenneth Brettell, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The European Commission's decision to
+release an additional 300,000 tonnes of British intervention
+feed wheat for the home market will provide only moderate
+relief in an increasingly tight market, traders said.
+    Some operators had been anticipating a larger tonnage,
+pointing out that at this week's U.K. Intervention tender the
+market sought to buy 340,000 tonnes but only 126,000 tonnes
+were granted.
+    The new tranche of intervention grain is unlikely to
+satisfy demand, they said, and keen buying competition for
+supplies in stores is expected to keep prices firm.
+    The release of the feed wheat followed recent strong
+representations by the U.K. Grain trade to the Commission.
+There has been growing concern that rising internal prices,
+triggered by heavy exports, were creating areas of shortage in
+interior markets.
+    The latest EC authorisation will add 70,000 tonnes at the
+April 14 tender and a further 30,000 tonnes later in the month.
+The remaining 200,000 tonnes will be made available in May and
+June.
+    News of the release produced an early downward reaction in
+local physical markets, but by midday some sections had halved
+early two stg losses while others were unchanged.
+    Ministry of Agriculture figures for March indicate 1.85 mln
+tonnes of wheat and 1.74 mln tonnes of barley remain in the
+free market. However, some traders believe these figures are
+overstated and, while some may still be held on the farm, the
+bulk of wheat is already sold. Some of the grain is also off
+the market in futures stores.
+    A total of 2.10 mln tonnes of intervention wheat has been
+sold for export or to the home market since the season started
+July 1, leaving an unsold balance in intervention of about 1.59
+mln tonnes.
+    Intervention barley sales have reached just over 1.0 mln
+tonnes, leaving about 753,000 tonnes, traders said.
+    This season's U.K. Export performance has surpassed all
+early expectations and has created the present nervous
+situation in domestic markets where the fear now is free market
+supplies may not last out until new crop becomes available in
+August.
+    The market is sticking to its recent prediction of total
+barley and wheat exports of around 10.5 mln tonnes, a new
+record and nearly double the previous record of 5.9 mln tonnes
+achieved in the 1984/85 season.
+    Traders expect U.K. Wheat exports to reach 6.0 mln and
+barley around 4.50 mln tonnes.
+    The Soviet Union has booked a record total of 2.5 mln
+tonnes of British wheat and barley this season, but only 1.28
+mln had surfaced in Customs export figures by March 25, traders
+said.
+    Other EC countries have bought large amounts of British
+grain and for the July 1/March 25 period had taken 2.59 mln
+tonnes of wheat and 2.06 mln tonnes of barley. This compares
+with 1.28 mln and 868,700 tonnes last season.
+    The market is expecting prices, particularly wheat, to stay
+buoyant for the remaining few months of the season. If supplies
+become more difficult and prices strengthen further, feed
+compounders may increase cereal substitute usage, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1941" NEWID="12972">
+<DATE> 3-APR-1987 12:06:32.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1515&#31;reute
+f f BC-******U.S.-TREASURY-S   04-03 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TREASURY SELLING 9.75 BILLION DLRS OF ONE-YEAR BILLS APRIL 9 TO PAY DOWN 25 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1942" NEWID="12973">
+<DATE> 3-APR-1987 12:08:01.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1526&#31;reute
+u f BC-modulaire   04-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA FIRM HAS FIVE PCT OF MODULAIRE &lt;MODX></TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>PBS Building Systems of America Inc,
+an Anaheim, Calif., company, told the Securities and Exchange
+Commission it has acquired 150,000 shares of Modulaire
+Industries, or 5.0 pct of the total outstanding common stock.
+    PBS, whose subsidiaries design, make, sell and lease
+nonresidential relocatable modular buildings, said it bought
+the stake for 855,768.75 dlrs "to acquire an equity interest in
+Modulaire, while it evaluates Modulaire."
+    Depending on several factors, PBS said it may decide to buy
+additional Modulaire common shares.
+                                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1943" NEWID="12974">
+<DATE> 3-APR-1987 12:09:31.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1539&#31;reute
+r f BC-BOISE-CASCADE-&lt;BCC>-C   04-03 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOISE CASCADE &lt;BCC> COMPLETES SALE OF UNIT</TITLE>
+<DATELINE>    BOISE, Idaho, April 3 - </DATELINE><BODY>Boise Cascade Corp said it
+completed the previously announced sale of its Consumer
+Packaging Division to Sonoco Products Co &lt;SONO> for
+approximately 175 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1944" NEWID="12975">
+<DATE> 3-APR-1987 12:10:59.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#22;&#22;&#1;f1551&#31;reute
+d f BC-USPCI-&lt;UPC>-FILES-FOR   04-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USPCI &lt;UPC> FILES FOR OFFERING</TITLE>
+<DATELINE>    OKLAHOMA CITY, April 3 - </DATELINE><BODY>USPCI Inc said it filed a
+registration statement with the Securities and Exchange
+Commission for a public offering of one share of common stock
+in the U.S. and 372,500 shares in a concurrent international
+offering.
+    Of the one mln being offered in the U.S., 227,500 will be
+issued and sold by the company, 600,000 by the Beard Co,
+100,000 by Beard Oil Co and 72,500 by shareholders.
+    After completion of the offering, Beard will own about 25
+pct of the stock.
+    Proceeds will be used to fund capital expenditures.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1945" NEWID="12976">
+<DATE> 3-APR-1987 12:11:31.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1554&#31;reute
+u f BC-CUSTOMS-LEVIES-BOND-O   04-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUSTOMS LEVIES BOND ON JAPANESE SHIPMENTS</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Customs Bureau has begun to levy
+on bond on certain Japanese goods pending a final decision by
+President Reagan on April 17 on imposing the planned 100 pct
+tariff on the shipments, the bureau said.
+    A bureau official said bonding began on March 31 and if the
+penalties are imposed as expected after a period of comment,
+they will retroactive to that date.
+    The penalties are to be levied on variety of electronic
+items in retaliation for Japan's failure to comply with a July
+1986 agreement to end dumping semiconductors in third nations
+and to open its home market to U.S. goods.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1946" NEWID="12977">
+<DATE> 3-APR-1987 12:12:50.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1559&#31;reute
+u f BC-COASTAL-&lt;CGP>-TO-FILE   04-03 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL &lt;CGP> TO FILE PLAN FOR TRANSAMERICAN</TITLE>
+<DATELINE>    HOUSTON, April 3 - </DATELINE><BODY>Coastal Corp said it will file an
+alternate proposal to reorganize TransAmerican Natural Gas
+Corp, the privately-owned Texas firm in bankruptcy, on April
+15.
+    Coastal said the proposal will be filed with the bankruptcy
+court and is expected to be heard on April 29 and 30, along
+with TransAmerican's separately filed reorganization plan.
+    In a letter to shareholders indicting TransAmerican's
+campaign to thwart a takeover, Coastal said TransAmerican "has
+mounted a campaign in Texas to smear Coastal and misrepresent
+its intentions."
+    The letter, written by Coastal Chairman Oscar S. Wyatt Jr
+and President James R. Paul, exhorted shareholders to "consider
+TransAmerican's smear campgian for what it is--a misguided
+attempt to bias the outcome of the bankruptcy proceedings by a
+company with an unsavory business reputation and a history of
+being in bankruptcy for nine of the past 12 years."
+    TransAmerican said it had not seen the letter, and could
+not comment. TransAmerican's lawyer, John Nabors, was not
+immediately available for comment.
+    The letter sent to all Coastal employees and stockholders
+in Texas also accused John R. Stanley, TransAmerican's owner,
+of prospering by the companies' bankruptcy by drawing a salary
+of 300,000 dlrs a year from his bankrupt companies.
+    It also said that at the end of July 1986, Stanley owed his
+bankrupt companies 874,000 dlrs in unpaid interest-free loans.
+"His creditors may suffer but Mr. Stanley does quite well in
+bankruptcy," said the letter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1947" NEWID="12978">
+<DATE> 3-APR-1987 12:14:09.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1568&#31;reute
+r f BC-KENTUCKY-CENTRAL-TO-D   04-03 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENTUCKY CENTRAL TO DECLARE STOCK DIVIDEND</TITLE>
+<DATELINE>    LEXINGTON, Ky, April 3 - </DATELINE><BODY>Kentucky Central Life INsurance Co
+said the company said it will declare a 200 pct stock dividend
+on Monday.
+    Accordingly, it said it filed a registration statement with
+the Securities and Exchange COmmission for a proposed offering
+of three mln shares of its class a non-voting common stock,
+which reflects the anticipated dividend.
+    Proceeds will be used for general purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1948" NEWID="12979">
+<DATE> 3-APR-1987 12:15:44.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1571&#31;reute
+r f BC-PORSCHE-MARCH-SALES-F   04-03 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORSCHE MARCH SALES FALL</TITLE>
+<DATELINE>    RENO, Nev., April 3 - </DATELINE><BODY>Porsche Cars of North America Inc, a
+unit of Porsche Ag of Germany &lt;PSHG.F>, said sales of its cars
+fell slightly to 2,394 cars in March compared to 2,545 for
+March 1986.
+    Year-to-date sales were 5,863 compared to 6,407 for the
+first three months of 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1949" NEWID="12980">
+<DATE> 3-APR-1987 12:15:53.68</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>uk</D><D>china</D><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1572&#31;reute
+r f BC-CHILE,-CHINA-JOINT-VE   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILE, CHINA TO ESTABLISH PEKING COPPER PLANT</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The Chilean state copper corporation,
+Codelco, the privately-owned Chilean copper fabricator Madeco
+and Chinese interests are to establish a copper tube plant in
+Peking, Codelco's U.K. Subsidiary Chile Copper Ltd said.
+    The plant is designed to produce 5,000 tonnes in the first
+five years and 8,000 tonnes as from year six. Total investment
+is estimated at 10 mln dlrs, of which the Chileans will
+contribute two mln.
+    Codelco and Madeco have formed the Chilean Wrought Copper
+Company to take a 50 pct stake in a new company called Peking
+Santiago Tube Company with the Chinese holding the other half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1950" NEWID="12981">
+<DATE> 3-APR-1987 12:16:19.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1574&#31;reute
+u f BC-ALLIED-SIGNAL-&lt;ALD>-T   04-03 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL &lt;ALD> TO SELL ELECTRONICS UNIT</TITLE>
+<DATELINE>    MORRIS TOWNSHIP, N.J., April 3 - </DATELINE><BODY>Allied-Signal Inc said it
+agreed to sell its Amphenol Products unit to a subsidiary of
+LPL Investments Group &lt;LPLI>, a Wallingford, Conn., investment
+company, for 430 mln dlrs cash.
+    Closing is expected soon, pending appropriate approvals,
+the company said. LPL indicated that at closing, warrants will
+be sold which, when exercised, will reduce its stake in the
+subsidiary, Amphenol Acquisition Co, to 60 pct, the company
+said.
+    Lisle, Ill.-based Amphenol had 1986 sales of about 500 mln
+dlrs. It makes brand name interconnection products.
+    LPL also said Merrill Lynch and Co has committed to buy 175
+mln dlrs of subordinated and preferred debt in the new LPL
+unit, according to Allied-Signal. Canadian Imperial Bank of
+Commerce has committed up to 340 mln dlrs in senior debt
+financing, it said.
+    Allied-Signal said in December it was offering for sale
+Amphenol and six other operating units in its electronics and
+instrumentation sector.
+    Merrill Lynch, Needham and Co and Lazard Freres served as
+financial advisors, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1951" NEWID="12982">
+<DATE> 3-APR-1987 12:17:51.02</DATE>
+<TOPICS><D>rapeseed</D><D>oilseed</D></TOPICS>
+<PLACES><D>canada</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1584&#31;reute
+u f BC-JAPANESE-CRUSHERS-BUY   04-03 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE CRUSHERS BUY CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, April 3 - </DATELINE><BODY>Japanese crushers bought 4,000 to 5,000
+tonnes of Canadian rapeseed in export business overnight for
+May shipment, trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1952" NEWID="12983">
+<DATE> 3-APR-1987 12:20:29.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1591&#31;reute
+u f AM-TIME   04-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., CANADA SWITCH TO DAYLIGHT TIME SUNDAY</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The United States switches to
+daylight saving time on Sunday, April 5, when clocks will be
+turned ahead one hour at 0200 in all time zones.
+    The states of Arizona and Hawaii and parts of Indiana,
+including Indianapolis, remain on standard time by local
+choice.
+    Congress voted last year to move the start of daylight time
+from the last Sunday in April to the first Sunday in April. The
+return to standard time remains the last Sunday in October
+(October 25 this year).
+    Canada also switches to daylight time on Sunday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1953" NEWID="12984">
+<DATE> 3-APR-1987 12:21:13.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1594&#31;reute
+r f BC-ALLTEL-&lt;AT>-CHAIRMAN   04-03 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLTEL &lt;AT> CHAIRMAN TO RECOMMEND PRESIDENT</TITLE>
+<DATELINE>    HUDSON, Ohio, April 3 - </DATELINE><BODY>ALLTEL Corp chairman and chief
+executive officer Weldon Case said he will recommend Joe Ford,
+who now is president, be elected chief executive officer of the
+company, also.
+    Case, who said he will remain as chairman, said he will
+recommend the election to the board on April 22.
+    Ford was named president and chief operating officer in
+1983 when ALLTEL was formed, Case said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1954" NEWID="12985">
+<DATE> 3-APR-1987 12:23:12.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1599&#31;reute
+b f BC-NORTHWEST-AIRLINES-OR   04-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHWEST AIRLINES ORDERS LONG-RANGE AIRBUS JET</TITLE>
+<DATELINE>    PARIS, April 3 - </DATELINE><BODY>U.S.-based Northwest Airlines, a unit of
+NWA Inc &lt;NWA>, has ordered up to 20 of the European Airbus
+Industrie &lt;AINP.PA> consortium's planned A340 long-range jets,
+with an option on a further 10 A330 medium-range jets, in a
+deal worth more than 2.5 billion dlrs, Airbus said in a
+statement.
+    The contract gives Airbus its first launch customer in the
+lucrative U.S. Market for its long-range jet programme.
+    Last month Airbus announced it had a total of 104
+commitments from nine customers for the planes. A spokeswoman
+confirmed today's order was in addition to those commitments.
+    Airbus has been competing with McDonnell Douglas Corp &lt;MD>
+in the long-range jet market since the U.S. Group formally
+launched its MD-11 plane program at the end of 1986. McDonnell
+Douglas has won over 100 orders and options for the aircraft.
+    The Northwest order comes after the airline ordered 10
+short-range A320 Airbus jets, with options on a further 90,
+last October, giving Airbus a foothold in the U.S. Market.
+    European governments, asked to fund 2.5 to three billion
+dlrs of the Airbus A330/340 programs, have said there may not
+be room in the world aircraft market for Airbus's jets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1955" NEWID="12986">
+<DATE> 3-APR-1987 12:26:45.78</DATE>
+<TOPICS><D>gnp</D><D>bop</D></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1610&#31;reute
+r f BC-PORTUGAL'S-GDP-FORECA   04-03 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGAL'S GDP FORECAST TO GROW FOUR PCT THIS YEAR</TITLE>
+<DATELINE>    LISBON, April 3 - </DATELINE><BODY>Portugal's Gross Domestic Product (GDP)
+will grow around four pct this year, the same rate as in 1986,
+according to a Bank of Portugal forecast.
+    Total investment this year, the country's second as a
+member of the European Community (EC), will rise nearly 10 pct,
+again the same rate as last year, the central bank study said.
+    It added that Portugal's current account was forecast to
+show a surplus of 400 mln dlrs this year compared with 1.13
+billion in 1986 and 369 mln the previous year.
+    Last year's high surplus was attributed to cheaper oil and
+raw materials, lower world interest rates and a weaker dollar.
+    Imports by volume were forecast to grow 10 pct this year
+and exports four pct compared with increases of 16.5 pct and
+6.6 pct respectively in 1986, the bank said.
+    The forecasts were calculated on the assumption that the
+non-expansionary monetary policy carried out by the current
+government would be maintained, particularly in budget spending
+and income and in wage policy.
+    The bank added that the 1987 forecasts were also based on
+the assumption that the international economic situation and
+Portugal's world trade relations would remain more or less the
+same as in 1986.
+    The central bank said the high rate of investment estimated
+for 1986 was due to government policies and to increasing
+optimism among firms whose financial situation had improved
+since 1985. This tendency was expected to continue this year,
+especially in the construction and public works sectors.
+    Financial aid from the EC had also helped to boost
+investment last year, the bank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1956" NEWID="12987">
+<DATE> 3-APR-1987 12:27:29.33</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1616&#31;reute
+r f BC-asamera   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASAMERA &lt;ASM> TO FORM NEW MINING UNIT</TITLE>
+<DATELINE>    CALGARY, Alberta, April 3 - </DATELINE><BODY>Asamera Inc said it will
+transfer all its mineral interests into a new wholly owned
+subsidiary, Asamera Minerals Inc, which will later issue up to
+15 pct of its shares to the public.
+    The mineral interests will include Asamera's 51 pct
+interest in the Cannon gold mine in Wenatchee, Wash. Asamera
+said the mine produced 116,514 ounces of gold in 1986 and is
+expected to produce 130,000 to 140,000 ounces this year.
+    Asamera said its talks with Breakwater Resources Ltd
+&lt;BWRLF> on a possible merger of mining interests, including the
+Cannon mine, have been terminated. It did not elaborate.
+     
+    Asamera said holding all its mineral properties in a
+separate company will give better and more direct recognition
+to the value of the assets.
+    Its other mining interests include gold exploration
+prospects on 13,000 acres in Inyo County, Calif., and 500,000
+acres in Canada's Northwest Territories, the Gooseberry gold
+and silver mine in Nevada, chromite properties in northern
+California and Newfoundland, and a platinum prospect in the
+Rankin Inlet, Northwest Territories.
+                                                               
+        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1957" NEWID="12988">
+<DATE> 3-APR-1987 12:29:08.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1620&#31;reute
+r f BC-OCCIDENTAL-&lt;OXY>-UNIT   04-03 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> UNIT SELLS DIVISION</TITLE>
+<DATELINE>    DARIEN, Conn, APril 3 - </DATELINE><BODY>Occidental Petroleum Corp's
+Occidental Chemcial Corp said it sold the Process chemicals
+division it acquired as part of the September 1986  purchase of
+Diamond Shamrock Chemicals to Henkel KGAA of Dusseldorf, West
+Germany.
+    Terms were not disclosed.
+    The division makes specialty industrial chemicals, it said.
+    Later, industry sources said the division, which had
+worldwide sales of some 160 mln dlrs last year, was sold for
+just under 200 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1958" NEWID="12989">
+<DATE> 3-APR-1987 12:29:42.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1622&#31;reute
+r f BC-ROHM/HAAS-&lt;ROH>-STUDY   04-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROHM/HAAS &lt;ROH> STUDY CITES HIGH CANCER LEVELS</TITLE>
+<DATELINE>    PHILADELPHIA, April 3 - </DATELINE><BODY>Rohm and Haas Co said health
+studies on workers at its Philadelphia plant showed higher
+death rates from four kinds of cancer compared with mortality
+rates among the general public.
+    The studies covered a total of about 6,000 workers employed
+at the plant from 1948 through 1981.
+    Mortality rates from two other types of cancer, respiratory
+cancer and leukemia, had declined compared to earlier studies,
+the plastics and chemicals company said.
+    Potential causes and incidence of pancreatic, colon/rectal,
+prostate and bladder cancer will be studied further, a company
+spokesman said.
+    The studies found elevated mortality rates from the four
+cancer types. But the finding does not appear to be linked with
+products or processes at the plant, Rohm and Haas said.
+    The reports revealed no new evidence of health risk from
+operations at the plant, it added.
+    Respiratory cancer deaths among workers exposed to certain
+chemical operations before 1971 remain elevated but have
+declined from levels reported in 1974. And deaths from leukemia
+have fallen to near normal levels from those reported in 1975.
+    A study completed in 1974 after an outbreak of respiratory
+cancer among employees linked the disease to exposure to a
+carcinogen, bischloromethyl ether, which is made at the plant.
+    The production of the chemical, an intermediary used in
+making industrial fluid cleaners, was isolated in 1971 so
+workers were no longer exposed to it, the spokesman said.
+    Last summer, Rohm and Haas settled 22 individual lawsuits
+and one class action suit related to deaths from exposure to
+the chemical.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1959" NEWID="12990">
+<DATE> 3-APR-1987 12:31:17.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1631&#31;reute
+f f BC-CANADA-GOVERNMENT-JAN   04-03 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA GOVERNMENT JANUARY BUDGET DEFICIT RISES TO 1.78 BILLION DLRS FROM 1.67 BILLION - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1960" NEWID="12991">
+<DATE> 3-APR-1987 12:31:51.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1635&#31;reute
+b f BC-******GENERAL-MOTORS   04-03 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MOTORS &lt;GM> LATE MARCH CAR SALES RISE</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>General Motors Corp said late March car
+sales rose 6.2 pct.
+    Total passenger car sales for the period March 21 to 31
+were 140,522 compared to 132,298 in the year-ago period, the
+company said.
+    Truck sales rose 18.1 pct to 55,054 from 46,632.
+    There were nine selling days both period.
+    The figures include sales of Sprint and Spectrum, the
+carmaker said.
+    For the full month passengers cars sales dropped 5.6 pct to
+349,578 from 370,390.
+    Truck sales in March rose 7.0 pct to 140,200 from 131,078.
+    Year-to-date sales of passenger cars fell 25.9 pct to
+828,784 from 1,118,509, GM said. Truck sales were off 6.1 pct
+to 347,441 from 370,033.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1961" NEWID="12992">
+<DATE> 3-APR-1987 12:32:22.34</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1638&#31;reute
+u f BC-noranda-sets-temporar   04-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA MINE SEEN BELOW FULL OUTPUT FOR MONTHS</TITLE>
+<DATELINE>    MURDOCHVILLE, Quebec, April 3 - </DATELINE><BODY>Noranda Inc said production
+will remain shut down at its fire-damaged copper mine here
+until it can completely examine the mine.
+    If it decides to keep the mine open it would take four or
+five months before it could resume full production.
+    Company spokesman Dale Coffin said the investigation could
+take from a few days to several weeks but would not be more
+specific.
+    Noranda said when it resumes production it plans to operate
+the mine at about one-third of the normal 72,000 tonnes annual
+finished capacity.
+    The fire, which started Wednesday and burned itself out
+late yesterday weakened part of the mine's support structure,
+Coffin said.
+    One miner was killed and 56 others were trapped underground
+for about 24 hours before being brought safely out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1962" NEWID="12993">
+<DATE> 3-APR-1987 12:32:41.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1640&#31;reute
+u f BC-/U.S.-SETS-9.75-BILLI   04-03 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SETS 9.75 BILLION DLR YEAR-BILL AUCTION</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The U.S. Treasury said it will sell
+9.75 billion dlrs of one-year bills at auction.
+    The April 9 sale will pay down about 25 mln dlrs as 9.763
+billion dlrs in bills are maturing.
+    The bills will be issued April 16 in minimum amounts of
+10,000 dlrs and mature April 14, 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1963" NEWID="12994">
+<DATE> 3-APR-1987 12:35:43.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1655&#31;reute
+r f BC-LARGER-VOLUME-SEEN-ON   04-03 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LARGER VOLUME SEEN ON EUROPEAN OPTIONS EXCHANGES</TITLE>
+<DATELINE>    AMSTERDAM, April 3 - </DATELINE><BODY>European options exchanges will see
+spectacular growth over the next five years as more and more
+professional investors discover the options markets, Bernard
+Reed, manager of the London options exchange said.
+    At an options outlook seminar to mark tomorrow's official
+opening of a new Amsterdam options exchange (EOE) building, he
+forecast increasing interest from banks and institutional
+investors, using options for portfolio insurance.
+    "But the dominance by the professionals should not make us
+neglect private clients," he noted. "Successful exploitation of
+retail business has been one of the keys to success."
+    Reed said that derived option products in particular will
+become a popular instrument for managing equity risks. On the
+Chicago Board Options Exchange (CBOE), the cash-settled S&amp;P 100
+index option is the most traded in the world.
+    Dutch Stock Index Fund options to be relaunched on May 18
+and the upcoming options on London's FTSE 100 index will see a
+30 pct yearly turnover growth until 1990, Reed estimated.
+    The CBOE and the Chicago Mercantile Exchange have agreed
+with Morgan Stanley to trade options and futures on the capital
+international EAFE index which will let investors participate
+in worldwide market moves.
+    Reed said he did not believe in globalising the option
+business by introducing international products, because this
+would intensify competition among the exchanges, but he did see
+a future for global rules and regulations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1964" NEWID="12995">
+<DATE> 3-APR-1987 12:35:51.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1656&#31;reute
+u f BC-ITALY-FUND   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. FIRM UPS ITALY FUND &lt;ITA> STAKE TO 12 PCT</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Lloyds Investment Managers Ltd, a
+London-based investment firm, said it raised it stake in Italy
+Fund to 760,500 shares, or 12.0 pct of the total outstanding
+common stock, from 466,000 shares, or 7.4 pct.
+    In a filing with the Securities and Exchange Commission,
+Lloyds said it bought the additional 294,500 Italy Fund common
+shares since November 7 for a total of 3.3 mln dlrs. Another
+70,000 shares of the stake are held by an affiliate, it said.
+    It said its dealings in Italy Fund stock are for investment
+purposes only and that it has no current plans to increase or
+decrease its current stake.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1965" NEWID="12996">
+<DATE> 3-APR-1987 12:36:02.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1657&#31;reute
+r f BC-SAGE   04-03 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR HAS FIVE PCT OF SAGE DRILLING &lt;SAGE></TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Arthur Appleton, a Chicago investor,
+told the Securities and Exchange Commission he has acquired
+39,000 shares of Sage Drilling Co Inc, or 5.1 pct of the total
+outstanding common stock.
+    Appleton said he bought the stock for 116,554 dlrs for
+investment purposes.
+    Depending on several circumstances, Appleton said he may
+buy more Sage common shares, or sell some or all of his current
+stake.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1966" NEWID="12997">
+<DATE> 3-APR-1987 12:36:58.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1661&#31;reute
+u f BC-FAA-FEARS-CRACKS-ON-O   04-03 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAA FEARS CRACKS ON OLDER MCDONNELL &lt;MD> JUMBOS</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Federal Aviation Administration
+said it ordered U.S. airlines to inspect their older DC10 jumbo
+jets within five days for hairline cracks in tail areas.
+    The FAA action follows a warning to the airlines by the
+plane's maker, Douglas Aircraft Co, that three cracks had been
+discovered on two DC10s.
+    Douglas Aircraft is a unit of McDonnell Douglas Corp.
+    Such cracks typically are caused by metal fatigue and pose
+no safety risk if repaired.
+    The cracks were found in the metal skin covering the tail,
+during aircraft maintenance.
+    If not detected and repaired, the cracks "may progress until
+the spar cap or skin panel is severed, which could result in
+structural failure," the FAA order said.
+    The spar cap is the top part of the tail wings' main beam.
+    The FAA said the inspection order would apply to airplanes
+with over 40,000 hours of flight or more than 12,000 landings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1967" NEWID="12998">
+<DATE> 3-APR-1987 12:38:46.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1668&#31;reute
+r f BC-WEBCOR-&lt;WER>-TO-BE-DE   04-03 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEBCOR &lt;WER> TO BE DELISTED</TITLE>
+<DATELINE>    GARDEN CITY, NY, April 3 - </DATELINE><BODY>Webcor Electronics Inc said
+April 8 will be the last day for its stock to be traded on the
+American Stock Exchange due to its failure to meet the
+financial guidelines.
+    It said it is exploring the possibility of listing its
+stock on another exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1968" NEWID="12999">
+<DATE> 3-APR-1987 12:39:08.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1670&#31;reute
+d f BC-VW-PLANS-MAJOR-NEW-PL   04-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW PLANS MAJOR NEW PLANT IN CHINA</TITLE>
+<DATELINE>    WOLFSBURG, West Germany, April 3 - </DATELINE><BODY>Volkswagen AG &lt;VOWG.F>,
+VW, plans to construct a major new car plant in China, a
+company spokesman said. However, he added that discussions with
+China about the plant were still at an early stage.
+    It would have an annual capacity of up to 300,000 vehicles
+but would not be built until the 1990's at the earliest.
+    VW already has a large joint venture with the Chinese
+authorities under which it produces the Santana model in
+Shanghai. The spokesman said the Shanghai plant should have an
+annual capacity of 30,000 cars by the end of next year. So far
+15,000 Santanas have been produced since output began in 1985.
+    The VW spokesman said no decision had yet been made about
+the type of car which could be built at the new plant.
+    However, company officials have said VW plans to bring out
+a cheaper car than the Santana for the Chinese market and which
+will be aimed at private owners. The Santana is generally used
+by government officials and visiting foreigners or as taxis for
+tourists.
+    No details were given about the extent of investment in the
+new plant and it was not clear where it would be built.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1969" NEWID="13000">
+<DATE> 3-APR-1987 12:39:49.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1672&#31;reute
+r f BC-PORSCHE-REPORTS-LOWER   04-03 0044</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PORSCHE REPORTS LOWER DOMESTIC MARCH SALES
+    RENO, Nev., Porsche Cars North America Inc said its
+domestic car sales for the month of March fell to 2,394 from
+2,545 a year earlier and year-to-date car sales fell to 5,863
+from 6,407 during the same period of 1986.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-013.sgm b/textClassication/reuters21578/reut2-013.sgm
new file mode 100644
index 0000000..064e84b
--- /dev/null
+++ b/textClassication/reuters21578/reut2-013.sgm
@@ -0,0 +1,30818 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1970" NEWID="13001">
+<DATE> 3-APR-1987 12:41:43.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1680&#31;reute
+b f BC-CHRYSLER-&lt;C>-LATE-MAR   04-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> LATE MARCH U.S. CAR SALES UP</TITLE>
+<DATELINE>    DETROIT, April 3 - </DATELINE><BODY>Chrysler Corp said car sales for the
+March 21-31 period rose 20.2 pct to 40,454 from 33,669 a year
+earlier.
+    For the month of March, it said auto sales increased 6.3
+pct to 96,649 from 90,945.
+    Chrysler said U.S. truck sales in late March jumped 65.2
+pct to 28,698 from 17,372 a year ago. For the entire month,
+truck sales advanced 28.9 pct to 63,283 from 49,102, it said.
+    The company said it was still tabulating year-to-date
+figures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1971" NEWID="13002">
+<DATE> 3-APR-1987 12:42:15.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1682&#31;reute
+u f BC-WALL-STREET-STOCKS/CO   04-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/COMPAQ COMPUTER &lt;CPQ></TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Compaq Computer Corp, IBM's chief
+rival in the personal computer market, scored a big gain on
+Wall Street today. Compaq's stock rose 1-3/8 to 32-1/4 on
+volume of 1.3 mln shares.
+    "The rationale for the move," one trader said, "is that the
+damage from the IBM announcement yesterday was less than
+expected." He said Compaq's stock had been under pressure
+recently because of anticipation of IBM's unveiling of a new
+line of personal computers.
+    International Business Machines &lt;IBM> introduced four new
+personal computers and more than 100 new peripheral products.
+But analysts said the new computers, though they do contain a
+lot of proprietary concepts, will not be as hard to copy as
+some other PC makers had feared.
+    "The long range issue here is who wins and who loses in the
+PC business, and that issue was not resolved yesterday and is
+unlikely to be decided any time soon," analyst Mark Stahlman of
+Sanford C. Bernstein and Co said.
+    Stahlman reaffirmed his recommendation of Compaq and Apple
+Computer Inc &lt;AAPL>.
+    Stahlman said "The critical investment question now is who
+will have a pickup in sales in the near term. We expect to see
+a strong demand setting for PCs for the rest of this year, and
+that will boost the revenues for all of the major PC vendors."
+    "The first quarter was the strongest PC sales period on
+record for Compaq, Apple and IBM," Stahlman said, "and I don't
+think the IBM announcement is going to change that trend soon."
+    "In anticipating the IBM announcement, Compaq has made
+pricing adjustments necessary to compete for its immediate
+purposes," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1972" NEWID="13003">
+<DATE> 3-APR-1987 12:43:33.42</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1686&#31;reute
+r f BC-noranda-sets-temporar   04-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA SETS TEMPORARY MINE SHUTDOWN</TITLE>
+<DATELINE>    Murdochville, Quebec, April 3 - </DATELINE><BODY>&lt;Noranda Inc> said
+production will remain shut down at its fire-damaged copper
+mine here until it can completely examine the mine.
+    The fire, which started Wednesday and burned itself out
+late yesterday, killed one miner and trapped 56 others
+underground for about 24 hours. The 56 were eventually brought
+safely out of the mine.
+    Company spokesman Dale Coffin said the investigation could
+take from a few days to several weeks, but would not be more
+specific.
+    Noranda said that, when it resumes production, it plans to
+operate the mine at about one-third of the normal 72,000 metric
+tons annual finished capacity.
+    The fire weakened part of the mine's support structure,
+Coffin said.
+    Noranda said if it decides to keep the mine open, it would
+take four or five months before it could resume full
+production.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1973" NEWID="13004">
+<DATE> 3-APR-1987 12:48:00.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f1694&#31;reute
+u f BC-CANADA-BUDGET-DEFICIT   04-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA BUDGET DEFICIT RISES IN JANUARY</TITLE>
+<DATELINE>    OTTAWA, April 3 - </DATELINE><BODY>The Canadian government's budget deficit
+rose to 1.78 billion dlrs in January from 1.67 billion dlrs in
+the same month last year, the finance department said.
+    But the deficit in the first 10 months of the fiscal year
+which began on April 1, 1986, fell to 22.36 billion dlrs from
+25.74 billion dlrs in the same period a year ago.
+    January revenues rose to 7.96 billion dlrs from 7.56
+billion dlrs while expenditures grew to 9.74 billion dlrs from
+9.23 billion dlrs. Revenues in the first 10 months increased to
+70.06 billion dlrs from 62.30 billion while expenditures grew
+to 92.42 billion dlrs from 88.05 billion.           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1974" NEWID="13005">
+<DATE> 3-APR-1987 12:49:26.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1697&#31;reute
+r f BC-CIS-TECHNOLOGIES&lt;CIH>   04-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIS TECHNOLOGIES&lt;CIH> TO SELL SHARES TO SWISS CO</TITLE>
+<DATELINE>    TULSA, Okla, April 3 - </DATELINE><BODY>CIS Technologies Inc said it
+executed a formal share purchase agreement with Swiss
+Reinsurance Co of Zurich, Switzerland.
+    Under terms of the agreement, Swiss Re will acquire 5.5 mln
+newly issued CIS stock at 2.50 dlrs a share, or 13.8 mln dlrs.
+This purchase represents 30 pct of the outstanding shares.
+    Swiss Re will acuqire 500,000 of the shares immediately and
+remaining shares will be bought after a due diligence report is
+completed by auditors.
+    The transaction is expected to be complete by June 11.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1975" NEWID="13006">
+<DATE> 3-APR-1987 12:51:05.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1701&#31;reute
+r f BC-COPLEY-PROPERTIES-INC   04-03 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COPLEY PROPERTIES INC &lt;COP> INCREASES DIVIDEND</TITLE>
+<DATELINE>    BOSTON, Mass, APril 3 -
+    </DATELINE><BODY>Qtly div 42 cts vs 41.5 cts prior
+    Payable APril 28
+    Record April 14
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1976" NEWID="13007">
+<DATE> 3-APR-1987 12:52:18.65</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1705&#31;reute
+r f BC-COLOMBIAN-INFLATION-S   04-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIAN INFLATION STABLE AT AROUND 20 PCT</TITLE>
+<DATELINE>    BOGOTA, April 3 - </DATELINE><BODY>Colombia's cost of living index rose 2.71
+pct in March, after a 2.03 pct increase in February and a 2.21
+pct rise in March 1986, the government statistics institute
+said.
+    The result brought year-on-year inflation to 20.36 pct
+compared with 22.65 pct at end-March 1986 and 19.77 pct for the
+year ending February 1987.
+    The government has predicted that inflation this year would
+be slightly lower than in 1986 when it reached 20.9 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1977" NEWID="13008">
+<DATE> 3-APR-1987 12:52:47.08</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1708&#31;reute
+r f BC-FHLBB-SAYS-MORTGAGE-R   04-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB SAYS MORTGAGE RATES CONTINUE DECLINE</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Federal Home Loan Bank Board said
+home mortgage rates fell from early February to early March to
+their lowest point in nine years, but the rate of decline was
+slower than it had been in recent months.
+    The bank board said the average effective commitment rate
+for fixed-rate mortgages for single family homes and a 25 pct
+loan-to-price ratio with a maturity of at least 15 years was
+9.48 pct in early March.
+    The rate was four basis points lower than a month ago, only
+one-eighth the size of decline in the previous month, the bank
+board said.
+    Rates for adjustable-rate mortgages decline eight basis
+points from early February to 8.43 pct in early March, the bank
+board said. The drop was far less than the 15 basis point
+decline in the previous period, the agency said.
+    The average effective interest rate on all loans closed by
+major mortgage lenders declined nine basis points from early
+February to early March, the agency said. The fall brought the
+rate to 9.14 pct was the lowest since December 1977, it said.
+    The effective rate for ARMS was 8.39 pct, 15 basis points
+below a month earlier. For fixed-rate loans it was 9.36 pct, 14
+basis points below a month earlier, the agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1978" NEWID="13009">
+<DATE> 3-APR-1987 12:56:19.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1713&#31;reute
+d f BC-NYFE-SEAT-SELLS-FOR-1   04-03 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYFE SEAT SELLS FOR 1,500 DLRS</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>The New York Stock Exchange said a seat
+on the New York Futures Exchange sold for 1,500 dlrs, which is
+up 250 dlrs from the previous sale yesterday.
+    The Exchange said the current bid is 1,250 and the current
+offer is 1,500 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1979" NEWID="13010">
+<DATE> 3-APR-1987 12:56:53.22</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f1716&#31;reute
+f f BC-CANADIAN-MONEY-SUPPLY   04-03 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADIAN MONEY SUPPLY M-1 FALLS 291 MLN DLRS IN WEEK, BANK OF CANADA SAID
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1980" NEWID="13011">
+<DATE> 3-APR-1987 12:58:50.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1722&#31;reute
+r f BC-BENEFICIAL-&lt;BNL>-UNIT   04-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENEFICIAL &lt;BNL> UNIT SALE APPROVED</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Beneficial Corp said the sale of its
+American Centennial Insurance Co subsidiary to &lt;First Delaware
+Holdings Inc> was approved by the Delaware Insurance
+Department.
+    Under the transaction, American Centennial will receive a
+cash infusion of 200 mln dlrs, including the settlement of tax
+sharing agreements with Beneficial Corp, Beneficial said.
+    It will also receive 25 mln dlrs from Beneficial
+International Insurance Co, another Beneficial subsidiary being
+purchased by the management-led group of First Delaware, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1981" NEWID="13012">
+<DATE> 3-APR-1987 12:59:13.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ase</D><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1724&#31;reute
+d f BC-LARGER-VOLUME-SEEN-ON   04-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LARGER VOLUME SEEN ON EUROPEAN OPTIONS EXCHANGES</TITLE>
+<DATELINE>    AMSTERDAM, April 3 - </DATELINE><BODY>European options exchanges will see
+spectacular growth over the next five years as more
+professional investors discover the options markets, Bernard
+Reed, manager of the London options exchange said.
+    At an options outlook seminar to mark tomorrow's official
+opening of a new Amsterdam options exchange (EOE) building, he
+forecast increasing interest from banks and institutional
+investors, using options for portfolio insurance.
+    "But the dominance by the professionals should not make us
+neglect private clients," he noted. "Successful exploitation of
+retail business has been one of the keys to success."
+    Reed said derived option products in particular will become
+a popular instrument for managing equity risks. On the Chicago
+Board Options Exchange (CBOE), the cash-settled S&amp;P 100 index
+option is the most traded in the world.
+    Dutch Stock Index Fund options to be relaunched on May 18
+and the upcoming options on London's FTSE 100 index will see a
+30 pct yearly turnover growth until 1990, Reed estimated.
+    The CBOE and the Chicago Mercantile Exchange have agreed
+with Morgan Stanley to trade options and futures on the capital
+international EAFE index which will let investors participate
+in worldwide market moves.
+    Reed said he did not believe in globalising the option
+business by introducing international products, because this
+would intensify competition among the exchanges, but he did see
+a future for global rules and regulations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1982" NEWID="13013">
+<DATE> 3-APR-1987 13:05:49.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1749&#31;reute
+r f BC-TIERCO-&lt;TIER>-SELLS-N   04-03 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIERCO &lt;TIER> SELLS NOTE</TITLE>
+<DATELINE>    OKLAHOMA CITY, April 3 - </DATELINE><BODY>Tierco Group INc said it sold at
+par to the Kuwait Real Estate INvestment and Management Co its
+10 mln dlrs 75. pct senior subordinated note due 1997, together
+with warrants to buy 1.1 mln shares of common stock.
+    The warrant may be exercised within five years at 9.50 dlrs
+per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1983" NEWID="13014">
+<DATE> 3-APR-1987 13:05:53.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1750&#31;reute
+r f BC-itt-canada-ltd   04-03 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ITT CANADA LTD> YEAR NET</TITLE>
+<DATELINE>    TORONTO, April 3 -
+    </DATELINE><BODY>Shr 5.56 dlrs vs 3.88 dlrs
+    Net 47.5 mln vs 33.2 mln
+    Revs 254.5 mln vs 243.5 mln
+    Note: shr after preferred dividends
+    ITT Corp &lt;ITT> owns 100 pct of ITT Canada common shares
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1984" NEWID="13015">
+<DATE> 3-APR-1987 13:06:02.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1751&#31;reute
+d f BC-******ALLIED-SIGNAL-T   04-03 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA MICRO DEVICES &lt;CAMD> IN DEFENSE DEAL</TITLE>
+<DATELINE>    MILPITAS, Calif, April 3 - </DATELINE><BODY>California Micro Devices Corp
+said an additional 3.2 mln dlrs contract was received from
+General Dynamics Corp &lt;GD> to supply electronic components
+contained in the guidance control for Defense Electronics
+Systems.
+    This contract follows a 750,000 dlrs contract awarded last
+year.
+    Shipments will begin in APril 1987.
+    The company also disclosed that Fuji Photo Film Co Ltd is
+the licensee of a one mln dlrs technology agreement announced
+last fall.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1985" NEWID="13016">
+<DATE> 3-APR-1987 13:06:05.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1752&#31;reute
+d f BC-STEWART-INFORMATION-R   04-03 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEWART INFORMATION RESCHEDULES ANNUAL MEETING</TITLE>
+<DATELINE>    HOUSTON, APRIL 3 - </DATELINE><BODY>Stewart INformation Services Corp said
+it rescheduled its annual meeting to May 18.
+    It had been scheduled for APril 24.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1986" NEWID="13017">
+<DATE> 3-APR-1987 13:06:11.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1753&#31;reute
+h f BC-FISERVE-&lt;FISV>-GETS-B   04-03 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FISERVE &lt;FISV> GETS BUSINESS WORTH ONE MLN DLRS</TITLE>
+<DATELINE>    WEST ALLIS, Wis., April 3 - </DATELINE><BODY>FIserve Inc said 14 savings and
+loans with 1.5 billion dlrs in cumulative assets will transfer
+their data processing to FIserve from Midwest Commerce Data
+Corp, a unit of Midwest Commerce Corp.
+    About one mln dlrs a year in new recurring revenues will be
+generated for FIserve, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1987" NEWID="13018">
+<DATE> 3-APR-1987 13:14:52.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1764&#31;reute
+r f BC-MONY-REAL-&lt;MYM>-REPOR   04-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONY REAL &lt;MYM> REPORTS PORTFOLIO</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Mony Real Estate Investors Trust said
+its investment portfolio consists of 137.1 mln dlrs of
+mortgages with an average maturity of less than six years, 43.7
+mln dlrs of real estate equities and 2.7 mln dlrs of foreclosed
+real estate.
+    The trust's exposure to oil-dependent regions is limited to
+2.2 mln dlrs, it said.
+     It said it accepted an offer to sell foreclosed property
+and increased its loss reserve by 750,000 dlrs in anticipation
+of the sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1988" NEWID="13019">
+<DATE> 3-APR-1987 13:17:05.48</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f1768&#31;reute
+u f BC-CANADIAN-MONEY-SUPPLY   04-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN MONEY SUPPLY FALLS IN WEEK</TITLE>
+<DATELINE>    OTTAWA, April 3 - </DATELINE><BODY>Canadian narrowly-defined money supply
+M-1 fell 291 mln dlrs to 32.44 billion dlrs in the week ended
+March 25, Bank of Canada said.
+    M-1-A, which is M-1 plus daily interest chequable and
+non-personal deposits, fell 7 mln dlrs to 75.14 billion dlrs
+and M-2, which is M-1-A plus other notice and personal
+fixed-term deposits, fell 56 mln dlrs to 177.54 billion dlrs.
+    M-3, which is non-personal fixed term deposits and foreign
+currency deposits of residents booked at chartered banks in
+Canada, rose 321 mln dlrs to 216.67 billion dlrs.
+    Chartered bank general loans outstanding fell 169 mln dlrs
+to 126.03 billion dlrs.
+    Canadian liquid plus short term assets rose 72 mln dlrs to
+36.47 billion dlrs and total Canadian dollar major assets of
+the chartered banks rose 507 mln dlrs to 224.22 billion dlrs.
+    Chartered bank net foreign currency assets fell 231 mln
+dlrs to minus 2.00 billion dlrs.             
+    Notes in circulation totalled 16.16 billion dlrs, up 50 mln
+dlrs from the week before.
+    Government cash balances fell 1.17 billion dlrs to 4.63
+billion dlrs in week ended April 1.
+    Government securities outstanding rose 1.09 billion dlrs to
+226.42 billion dlrs in week ended April 1, treasury bills rose
+1.35 billion dlrs to 76.95 billion dlrs and Canada Savings
+Bonds fell 47 mln dlrs to 43.87 billion dlrs.         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1989" NEWID="13020">
+<DATE> 3-APR-1987 13:17:16.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1769&#31;reute
+r f BC-COPLEY-PROPERTIES-&lt;CO   04-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COPLEY PROPERTIES &lt;COP> TO INVEST IN JOINT PACT</TITLE>
+<DATELINE>    BOSTON, April 3 - </DATELINE><BODY>Copley Properties Inc said the company
+will invest 9,500,000 dlrs in a joint venture to acquire and
+develop 33.4 acres of industrial land in Hayward, Calif.
+    Copley said it will own 60 pct of the project and be
+entitled to a 10 pct preferential return on its investment plus
+60 pct of all excess cash from operations, refinancings and
+other capital transactions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1990" NEWID="13021">
+<DATE> 3-APR-1987 13:18:53.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1775&#31;reute
+r f BC-UNION-TO-PROTEST-DART   04-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION TO PROTEST DART'S SUPERMARKETS &lt;SGL> BID</TITLE>
+<DATELINE>    LANDOVER, MD., April 3 - </DATELINE><BODY>The United Food And Commercial
+Workers said that more than 1,000 rank-and-file members of the
+union will demonstrate Monday at Dart Group Corp's headquarters
+protesting Dart's proposed 1.73 billion dlr takover of
+Supermarkets General &lt;SGL>.
+    Supermarkets is best known for its Pathmark chain of
+supermarket drug stores in the New York and New Jersey area and
+also owns Rickels home centers.
+    The union said that it is firmly against the Dart bid
+because "workers have always ended up with a raw deal in the
+current takeover mania."
+    A Union statement said: "We do not intend to allow our
+members to pick up the tab for Supermarket General's executives
+and the bankers or the Dart Group who stand to make millions."
+    Dart is controlled by the Haft family of Washington, which
+last year made a bid for California-based Safeway Stores Inc.
+The Hafts lost, but walked away with at least 100 mln dlrs in
+profits, analysts estimate.
+    The union said that Dart's Safeway bid forced a major
+restructuring at Safeway to pay the Hafts and their lawyers and
+caused a loss of thousands of jobs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1991" NEWID="13022">
+<DATE> 3-APR-1987 13:19:08.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1776&#31;reute
+u f BC-PAN-AM-&lt;PN>-MARCH-LOA   04-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN AM &lt;PN> MARCH LOAD FACTOR ROSE TO 60.6 PCT</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Pan Am Corp's Pan American World
+Airways said its load factor rose to 60.6 pct last month from
+54.9 pct in March 1986.
+    The airline said its scheduled March traffic increased 14.6
+pct to 1.94 billion revenue passenger miles from 1.70 billion
+last year as available seat miles rose 3.8 pct to 3.21 billion
+from 3.09 billion.
+    It said the March traffic increase was the third
+consecutive month of year over year traffic growth for Pan Am.
+    For the first quarter, Pan Am said, its load factor
+increased to 56.3 pct from 53.4 pct as scheduled traffic
+increased 10.2 pct to 5.25 billion miles and available seat
+miles increased 4.5 pct to 9.32 billion.
+    The airlines said its March scheduled freight ton miles
+increased 1.5 pct to 53.3 mln from 52.5 mln and was up 0.4 pct
+for the first quarter to 134.6 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1992" NEWID="13023">
+<DATE> 3-APR-1987 13:21:48.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1785&#31;reute
+u f BC-FCS-LABORATORIES-&lt;FCS   04-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FCS LABORATORIES &lt;FCSI> TERMINATES DEAL TALKS</TITLE>
+<DATELINE>    TEMPE, Ariz., April 3 - </DATELINE><BODY>FCS Laboratories Inc said merger
+discussions with an unnamed privately-held company in the
+health care field have ended without an agreement.
+    The previously announced negotiations began last August,
+the company said.
+    "It's disappointing to spend so much time on these
+negotiations and have them fail," said FCS chairman Nicholas
+Gallo III. "But the discussions could not produce a deal
+acceptable to our board in the context of the company's
+stronger financial position today as compared to six months
+ago."
+    Gallo said FCS will stop actively seeking potential merger
+partners, but will respond to serious inquiries.
+    "We are determined to follow our plan to restore this
+company to profitability," he said. "To continue actively
+searching for potential acquirers inherently forces us to
+postpone the implementation of critical decisions which are
+part of the plan."
+    The company, which has 4,475,930 common shares outstanding,
+reaffirmed it expects to be profitable in the second half of
+the fiscal year ending September 30, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1993" NEWID="13024">
+<DATE> 3-APR-1987 13:23:23.58</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1794&#31;reute
+u f BC-WHITE-HOUSE-SAYS-INTE   04-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE SAYS INTEREST RATES REFLECT MARKET</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The White House said the rise in
+interest rates was "unfortunate in a general sense" but reflected
+market forces.
+    "There's always movement up and down and the basic fact is
+that we believe the economy is strong and growing and there
+will always be fluctuations in the interest rate, but the
+economy is sound and in good shape," spokesman Marlin Fitzwater
+said.
+    Citibank raised its prime rate by one quarter of a point
+and the move was followed by other banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1994" NEWID="13025">
+<DATE> 3-APR-1987 13:25:20.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1799&#31;reute
+d f BC-REGAL-PETROLEUM-LTD-&lt;   04-03 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGAL PETROLEUM LTD &lt;RPLO> YEAR</TITLE>
+<DATELINE>    THE WOODLANDS, TExas, April 3 -
+    </DATELINE><BODY>Shr loss nine cts
+    Net loss 1.4 mln
+    Revs 630,118 dlrs
+    NOTE:Due to change in fiscal year, prior 4th qth and year
+cannot be presented on comparable basis. 1986 loss includes
+writedowns approximating 1.4 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1995" NEWID="13026">
+<DATE> 3-APR-1987 13:26:03.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1801&#31;reute
+w f BC-CANTERBURY-PRESS-INC   04-03 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANTERBURY PRESS INC YEAR NOV 30</TITLE>
+<DATELINE>    MEDFORD, N.J., April 3 -
+    </DATELINE><BODY>Shr 1.1 cts vs 1.7 cts
+    Net 26,708 vs 35,084
+    Revs 447,548 vs 243,161
+    NOTE:1986 net includes 4,300 dlrs gain from tax credit and
+1985 includes gain of 8,300 dlrs gain from credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1996" NEWID="13027">
+<DATE> 3-APR-1987 13:26:44.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1803&#31;reute
+d f BC-GRAPHIC-MEDIA-INC-&lt;GM   04-03 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAPHIC MEDIA INC &lt;GMED> YEAR</TITLE>
+<DATELINE>    FAIRFIELD, N.J., April 3 -
+    </DATELINE><BODY>Shr nine cts vs 19 cts
+    Net 188,000 vs 362,000
+    Revs 20.4 mln vs 11.3 mln
+    NOTE:1985 restated for reversal of certain tax benefits.
+1986 and 1985 reflects preferred stock dividend requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1997" NEWID="13028">
+<DATE> 3-APR-1987 13:27:04.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f1804&#31;reute
+r f BC-cbt-silver-vol-oi   04-03 0080</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT SILVER VOLUME/OPEN INTEREST FOR APRIL 2
+     VOLUME  OPEN-INT  CHANGE
+ Apr  714      684    up  516
+ May   14       36    dn    1
+ Jun 3097     7109    dn  140
+ Aug   86      537    up   20
+ Oct   12      157    up    7
+ Dec  215     3125    up   56
+ Feb    3      252    up    1
+ Apr   28     1275    dn    2
+ Jun   54      103    up   49
+ Aug    0        9       unch
+ TTL 4223    13287    up  506
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1998" NEWID="13029">
+<DATE> 3-APR-1987 13:27:08.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1805&#31;reute
+u f BC-WALL-STREET-INDICES-1   04-03 0040</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+WALL STREET INDICES 1300
+
+ NYSE COMPOSITE        168.38 UP  1.62
+ NYSE INDUSTRIALS      203.81 UP  2.34
+ S AND P COMPOSITE     296.94 UP  3.31
+
+ NYSE-A VOLUME    154525400
+
+ AMEX INDEX            338.30 UP  3.06
+
+ AMEX-B VOLUME    11343900
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="1999" NEWID="13030">
+<DATE> 3-APR-1987 13:27:38.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1806&#31;reute
+r f BC-BURLINGTON-&lt;BNI>-UNIT   04-03 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURLINGTON &lt;BNI> UNIT SETTLES BONDHOLDER SUIT</TITLE>
+<DATELINE>    SEATTLE, April 3 - </DATELINE><BODY>Burlington Northern Inc said its
+Burlington Northern Railroad Co unit reached an agreement in
+principle to settle a class action lawsuit filed against the
+company in May 1985 by holders of two series of the company's
+bonds.
+    It said the settlement arrangement calls for the company to
+establish a cash settlement fund of 35.5 mln dlrs, which would
+be distributed to the bondholders after deductions for
+attorney's fees.
+    The lawsuit, filed by holders of its four pct Prior Lien
+bonds due January 1, 1997 and its three pct General Lien Bonds
+due January 1, 2047, sought to prevent the release of
+collateral, the company said.
+    If the settlement agreement is approved, the trading prices
+of the bonds will decline substantially because they will no
+longer reflect the speculative premiums at which the bonds
+currently trade, Burlington Northern also said.
+    It said the settlement is subject to negotiation by
+Burlington Northern, the Citibank N.A. unit of Citicorp &lt;CCI>
+and Bankers Trust Co &lt;BT>, the bonds' trustees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2000" NEWID="13031">
+<DATE> 3-APR-1987 13:27:46.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1807&#31;reute
+r f BC-RICHARDSON-ELECTRONIC   04-03 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RICHARDSON ELECTRONICS &lt;RELL> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    LaFox, Ill., April 3 -
+    </DATELINE><BODY>Shr 20 cts vs 20 cts
+    Net 1,981,000 vs 1,689,000
+    Rev 24.7 mln vs 19.6 mln
+    Nine months
+    Shr 59 cts vs 53 cts
+    Net 5,855,000 vs 4,360,000
+    Rev 70.9 mln vs 51.9 mln
+    NOTE: Fiscal 1986 per share data reflects dilutive effect
+of shares issued for April 1986 convertible debenture
+conversion. Company's full name is Richarson Electronics Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2001" NEWID="13032">
+<DATE> 3-APR-1987 13:29:07.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1812&#31;reute
+d f BC-DIVERSIFIED-HUMAN-RES   04-03 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIVERSIFIED HUMAN RESROUCES GROUP &lt;HIRE> YEAR</TITLE>
+<DATELINE>    DALLAS, APril 3 -
+    </DATELINE><BODY>Shr loss five cts vs profit 72 cts
+    Net loss 79,069 vs profit 829,737
+    Revs 14.4 mln vs 14.1 mln
+    NOTE:1985 includes extraordainy credit of 11 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2002" NEWID="13033">
+<DATE> 3-APR-1987 13:30:04.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1813&#31;reute
+r f BC-ALASKA-AIR-&lt;ALK>-UNIT   04-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALASKA AIR &lt;ALK> UNIT HAS HIGHER LOAD FACTOR</TITLE>
+<DATELINE>    SEATTLE, April 3 - </DATELINE><BODY>The Alaska Airlines unit of Alaska Air
+Group Inc said its March load factor rose to 58.1 pct from 57.3
+pct a year earlier, but its year-to-date load factor dropped to
+51.8 pct from 52.6 pct last year.
+    March revenue passenger miles rose five pct to 225.9 mln
+from 215.6 mln, but year-to-date revenue miles fell one pct to
+586.7 mln from 593 mln.
+    Available seat miles for the month totaled 389.1 mln, a
+three pct increase over the 376.1 mln posted for March 1986,
+and for the year-to-date available miles totaled 1.132 billion
+compared with 1.128 billion a year earlier, Alaska Air said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2003" NEWID="13034">
+<DATE> 3-APR-1987 13:30:26.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1815&#31;reute
+u f BC-UK-MINISTER-LOOKS-TO   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK MINISTER LOOKS TO EASE TENSION ON TOKYO TRIP</TITLE>
+<AUTHOR>    By Sten Stovall, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The U.K. Government hopes for a
+breakthrough on the deadlock with Japan over trade policies
+during next week's visit to Tokyo by Corporate Affairs Minister
+Michael Howard, political sources said.
+    Howard, who leaves for Japan tomorrow, told Reuters he will
+try to promote understanding on trade issues during his visit.
+    Meanwhile, Britain will re-examine a letter from Japanese
+Prime Minister Yasuhiro Nakasone promising personal help in
+solving the row over a U.K. Firm's bid to win a significant
+role in Japan's telecommunications market, government sources
+said.
+    Tensions have risen following Britain's decision to arm
+itself early with new statutory powers which it says could be
+used against certain Japanese financial institutions.
+    Britain reacted optimistically at first to the letter from
+Nakasone to Prime Minister Margaret Thatcher, seeing it as a
+signal that he would work towards ensuring a satisfactory
+outcome to the bid launched by Cable and Wireless Plc &lt;CAWL.L>,
+government officials said.
+    But this view has since been clouded by reports from Tokyo
+that Nakasone's assurances really constituted little more than
+politeness in the face of British anger, they added.
+    Howard said he would use his trip to push for a bigger role
+in Japan's telecommunications industry for Cable and Wireless
+Plc. The U.K. Government has made the issue a test case for
+Japan's willingness to open its markets adequately to outside
+competition.
+    Asked whether the letter from Nakasone was a rejection of
+attempts by Britain to achieve that, Howard said "I am not sure
+it is correct to regard Mr Nakasone's letter as a rejection of
+Mrs Thatcher's request of him - and it says he is taking a
+personal interest in this problem.
+    "I don't understand it to be closed at all."
+    Howard added that during his Tokyo visit he would be
+"talking to them about it (the letter), finding out exactly what
+they do mean about it, and making it plain that we take a very
+serious view of the fact that access to Japanese markets is not
+as free as we allow access to our markets to be."
+    He noted that under the new Financial Services Act, Britain
+could revoke or deny licences to Japanese banking and insurance
+institutions in London if U.K. Firms fail to receive similar
+treatment in financial markets in Japan soon.
+    "I hope it won't come to that, and I don't think it will,"
+Howard added.
+    During the trip Howard will meet officials in the Tokyo
+Stock Exchange, the Ministry of Finance, the Trade Ministry,
+and Posts and Telecommunications Minister Shunjiro Karasawa.
+    Karasawa is regarded as behind opposition to any
+significant role for Cable and Wireless in the Japanese
+telecommunications industry.
+    Share prices on the London Stock Exchange were undermined
+again today by fears of a possible U.K./Japanese trade war.
+This was despite denials by Trade and Industry Secretary Paul
+Channon that Britain was on the verge of a trade war.
+    He told a meeting of insurance brokers today that Britain
+believed a "sensible solution" could be found which would open
+Japanese markets to British goods.
+    Government officials were at pains today to deny that
+Britain had set a deadline of three weeks for Japan to promise
+similar access to its financial markets to U.K.-based financial
+firms as that enjoyed in London by equivalent Japanese firms.
+    They said that Department of Trade and Industry officials
+had said yesterday that the measures against Japanese financial
+institutions could be imposed from then but that this did not
+necessarily constitute a deadline.
+    Experts believe Britain would lose out by acting against
+Japanese banks, insurance and investment institutions. But
+despite the danger of Japanese firms taking their trade
+elsewhere in Europe, Howard said he did not expect the move to
+backfire.
+    He said in a radio interview today  "it is true that we
+benefit from their presence - but they would not want to lose
+those advantages. And I am sure they are making their views
+plain to the Japanese government on this matter."
+    Howard, who will also be visiting South Korea before
+returning to London on April 11, said his trip to Tokyo was
+planned well before the current trade row.
+    Howard said his talks with Japanese officials would also
+include ways of jointly combating financial fraud in global
+markets with Japanese officials. This would be done through a
+cooperation between national regulatory bodies.
+    He said a memorandum of understanding for exchanging
+information to combat financial fraud would be sought with
+Japan on terms similar to one signed last autumn between
+Britain and the United States.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2004" NEWID="13035">
+<DATE> 3-APR-1987 13:33:25.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1828&#31;reute
+d f BC-PACIFIC-GAS-&lt;PCG>-PLA   04-03 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC GAS &lt;PCG> PLANT TO BEGIN REFUELING</TITLE>
+<DATELINE>    SAN FRANCISCO, April 3 - </DATELINE><BODY>Pacific Gas and Electric Co said
+its Diablo Canyon Unit 2 nuclear power plant will begin its
+first refueling today after about 13 months of operation.
+    The refueling outage is expected to last about 12 weeks and
+will include a variety of maintenance as well as the
+replacement of about one-third of Unit 2's fuel, the company
+said.
+    Pacific Gas said Unit 2 generated power about 93.7 pct of
+the time during its first year of operation.
+    Pacific Gas' two Diablo Canyon units generate about 2.2 mln
+kilowatts of electricity in full operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2005" NEWID="13036">
+<DATE> 3-APR-1987 13:34:29.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1833&#31;reute
+d f BC-MID-STATE-&lt;MSSL>,-FIR   04-03 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MID-STATE &lt;MSSL>, FIRST FEDERAL IN DEAL</TITLE>
+<DATELINE>    OCALA, Fla, April 3 - </DATELINE><BODY>Mid-State Federal Savings and Loan
+Association said it and First Federal Savings and Loan
+Association of Brooksville &lt;FFBV> reached a definitive merger
+agreement.
+    As previously announced, Brooksville shareholders will get
+cash and stock in exchange for their shares. The transaction is
+expected to be completed during the summer 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2006" NEWID="13037">
+<DATE> 3-APR-1987 13:34:50.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1835&#31;reute
+r f BC-memotec-data-complete   04-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEMOTEC DATA COMPLETES TELEGLOBE ACQUISITION</TITLE>
+<DATELINE>    MONTREAL, April 3 - </DATELINE><BODY>&lt;Memotec Data Inc> said it completed
+the previously announced 488.3 mln dlr acquisition of Teleglobe
+Canada from the federal government.
+    Memotec Data said Teleglobe, which has provided Canada's
+overseas telecommunications services since 1950, now becomes
+Teleglobe Canada Inc, a unit of Memotec.
+    Teleglobe president and chief executive Jean-Claude Delorme
+will continue in the same post, the company said.
+    In addition to the sale price, the government will receive
+Teleglobe's accumulated cash of 102 mln dlrs and a special 18
+mln dlr dividend, making total proceeds 608.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2007" NEWID="13038">
+<DATE> 3-APR-1987 13:37:55.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1839&#31;reute
+d f BC-CITIZENS-FIRST-BANCOR   04-03 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS FIRST BANCORP &lt;CFB> RECEIVES FINE</TITLE>
+<DATELINE>    GLEN ROCK, N.J., April 3 - </DATELINE><BODY>Citizens First Bancorp Inc said
+its banking subsidiary pleaded guilty to two technical
+violations of the Bank Secrecy Act and was fined 2,000 dlrs.
+    The subsidiary, Citizens First National Bank of New Jersey,
+pleaded guilty to two misdemeanors in Federal District Court
+for the District of New Jersey. Charges had been brought by the
+U.S. Attorney's office.
+    The company said no additional charges will be brought
+against it and that it has instituted additional procedures to
+reduce the possibility of future violations. It cooperated with
+authorities in the investigation.
+    The violations occurred on Aug 12, 1982, and May 25, 1984,
+when the bank failed to report currency transactions involving
+more than 10,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2008" NEWID="13039">
+<DATE> 3-APR-1987 13:40:10.81</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1844&#31;reute
+u f AM-TRADE-AMERICAN   04-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., JAPANESE OPEN TALKS ON SEMICONDUCTORS</TITLE>
+<DATELINE>    WASHINGTON, April 5 - </DATELINE><BODY>U.S. and Japanese officials meet
+tomorrow to try to settle a dispute over semiconductor trade
+and to cut short the 300 mln dlr penalty tariffs President
+Reagan has ordered imposed on Japanese exports.
+    But U.S. officials held out little hope that any accord
+could be reached before the tariffs of 100 per cent - up from
+about five per cent - are to take effect on April 17.
+    The Customs Bureau last week started to levy a bond on the
+Japanese goods that Reagan ordered penalized. The penalties
+would be retroactive to March 31.
+    Reagan said on March 27 when ordering the tariffs that he
+hoped the Japanese would soon end their unfair practices in
+semiconductor trade and that sanctions could be lifted.
+    Technical meetings are to be held today and tomorrow, with
+meetings at a more senior level scheduled for Thursday and
+Friday. Public hearings on the sanctions are set for April 13.
+    The Japanese aides here for the technical talks include
+Shigeru Muraoka, director-general of international trade policy
+of the Ministry of International Trade and Industry (MITI), and
+Masashi Yamamoto, deputy director-general of the information
+and machinery bureau.
+    Meeting with them will Glen Fukushima, director of the
+Japan office of the U.S. Trade Representative's Office, and Jim
+Gradoville, of trade representative's office of industry and
+services.
+    The two sides in the Thursday and Friday talks will be
+headed by Deputy U.S. Trade Representative Michael Smith and
+MITI vice minister Makoto Kuroda.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2009" NEWID="13040">
+<DATE> 3-APR-1987 13:41:26.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1847&#31;reute
+r f BC-TRIBUNE-&lt;TRB>-FILES-3   04-03 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIBUNE &lt;TRB> FILES 300 MLN DLR SHELF REGISTRATION</TITLE>
+<DATELINE>    CHICAGO, April 3 - </DATELINE><BODY>Tribune Co said it filed a shelf
+registration with the Securities and Exchange Commission for
+300 mln dlrs in debt securities.
+    Underwriters may include Salomon Bros Inc and Merrill
+Lynch, it said. Proceeds will be for general needs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2010" NEWID="13041">
+<DATE> 3-APR-1987 13:42:58.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1854&#31;reute
+d f BC-AMERON-&lt;AMN>-ADOPTS-S   04-03 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERON &lt;AMN> ADOPTS SHAREHOLDER RIGHTS PLAN</TITLE>
+<DATELINE>    MONTEREY PARK, Calif., April 3 - </DATELINE><BODY>Ameron Inc said its board
+adopted a rights plan designed to protect shareholders from
+potentially unfair takeover tactics.
+    The plan calls for distribution of one right for each of
+its outstanding common shares and each right entitles the
+holder to buy one/one-hundredth of a share of newly authorized
+Series A Junior Participating cumulative Preferred stock at an
+exercise price of 55 dlrs, Ameron said.
+    It said the rights are exercisable if a group acquires 20
+pct or more of its common stock or announces a tender offer for
+30 pct or more of its shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2011" NEWID="13042">
+<DATE> 3-APR-1987 13:43:34.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1856&#31;reute
+u f BC-BRITAIN'S-ECGD-DISCUS   04-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN'S ECGD DISCUSSING NEW COVER FOR NIGERIA</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Britain's Export Credits Guarantee
+Department (ECGD) is holding talks with Nigeria aimed at
+resuming insurance cover for British exporters to Nigeria, the
+head of ECGD's international debt division, Gerry Breach, said.
+    The ECGD suspended cover on Nigeria in 1984 after the
+country fell into arrears on payments of insured and uninsured
+debts.
+    Following last week's bilateral accord between Britain and
+Nigeria to reschedule the country's insured trade debts,
+bankers had hoped that talks would commence on a resumption of
+cover.
+    Breach made his comments in an address to a private meeting
+of businessmen, a copy of which was made available to the
+press.
+    Breach noted that for the ECGD to consider "a gradual
+introduction of a package of new support" certain criteria would
+have to be met.
+    This would involve the Nigerian economic structural
+adjustment program being put into effect and being endorsed by
+the International Monetary Fund, the program remaining on
+course and continuing to be endorsed by the IMF and a
+satisfactory level of acceptance by the Nigerian government of
+the ECGD insured short-term trade arrears.
+    Breach said that these criteria are now beginning to be
+satisfied, adding that while the ECGD could not yet formally
+announce new cover, it was holding discussions with Nigeria on
+priorities for new credits.
+    He said an announcement would be made "as soon as possible"
+on an agreement and the ECGD would create a package for Nigeria
+that would include the department's normal range of export
+trade support facilities.
+    British exports to Nigeria exceeded 550 mln stg in 1986.
+    Breach noted that since cover was removed, the ECGD has
+maintained a limited amount of short-term trade cover for
+Nigeria, which was backed by letters of credit from the
+Nigerian Central Bank.
+    While the ECGD would initially continue to use this
+structure under a new package, it would also hope to expand the
+volume of coverage in the short-term area and relax the terms
+it is prepared to underwrite towards the commonly accepted
+maximum of 180 days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2012" NEWID="13043">
+<DATE> 3-APR-1987 13:44:08.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1857&#31;reute
+d f BC-FCS-LABORATORIES-&lt;FCS   04-03 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FCS LABORATORIES &lt;FCSI> ENDS MERGER TALKS</TITLE>
+<DATELINE>    TEMPE, Ariz., April 3 - </DATELINE><BODY>FCS Laboratories said its merger
+talks with another unidentified company in the health care
+field ended without agreement.
+    The talks began last August, the company said.
+    The company also said it will no longer actively seek out
+potential merger partners, but will respond to serious
+inquiries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2013" NEWID="13044">
+<DATE> 3-APR-1987 13:45:46.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1860&#31;reute
+u f BC-******IBM-SECRETARY-J   04-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> NEWLY NAMED SECRETARY DIES IN FIRE</TITLE>
+<DATELINE>    ARMONK, N.Y., APril 3 - </DATELINE><BODY>International Business Machines
+Corp said recently elected secretary, John Manningham, and his
+wife, Patricia, died early this morning in a fire at their
+Reidgefield, Conn home.
+    Manningham, 53, began his IBM career in 1959 as a marketing
+representative. His election would have been effective July 1.
+    Tom Irwin is the current secretary.
+    IBM Chairman John Akers said "this is a great loss to the
+IBM Company and to the Manningham's family, friends and
+community.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2014" NEWID="13045">
+<DATE> 3-APR-1987 13:46:44.30</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1863&#31;reute
+d f BC-UK-MINISTER-LOOKS-TO   04-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK MINISTER LOOKS TO EASE TENSION WITH JAPAN</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>The U.K. government hopes for a
+breakthrough on the deadlock with Japan over trade policies
+during next week's visit to Tokyo by Corporate Affairs Minister
+Michael Howard, political sources said.
+    Howard, who leaves for Japan tomorrow, told Reuters he will
+try to promote understanding on trade issues during his visit.
+    Meanwhile, Britain will re-examine a letter from Japanese
+Prime Minister Yasuhiro Nakasone promising personal help in
+solving the row over a U.K. firm's bid to win a significant
+role in Japan's telecommunications market, government sources
+said.
+    Tensions have risen following Britain's decision to arm
+itself early with new statutory powers which it says could be
+used against certain Japanese financial institutions.
+    Britain reacted optimistically at first to the letter from
+Nakasone to Prime Minister Margaret Thatcher, seeing it as a
+signal that he would work towards ensuring a satisfactory
+outcome to the bid launched by Cable and Wireless Plc,
+government officials said.
+    But this view has since been clouded by reports from Tokyo
+that Nakasone's assurances really constituted little more than
+politeness in the face of British anger, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2015" NEWID="13046">
+<DATE> 3-APR-1987 13:54:45.70</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f1876&#31;reute
+u f BC-CONABLE-WARNS-PROTECT   04-03 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONABLE WARNS PROTECTIONISM MIGHT SPREAD</TITLE>
+<AUTHOR>    By Alver Carlson, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>World Bank President Barber Conable
+expressed concern that trade protectionism, at the heart of a
+new showdown between the United States and Japan, might spread
+throughout the industrial world.
+    But in an interview with Reuters, Conable said the action
+by the United States to slap tariffs on certain electronic
+goods from Japan did not mean the countries were heading for a
+full-scale trade war.
+    Conable said the World Bank has been pressing developing
+countries to open their markets, arguing that a free trading
+environment increased the possibility of global economic
+growth.
+    "We have, in fact, been making adjustment loans to many
+countries in the developing world which have encouraged the
+opening of their markets and we want to be sure that the
+developed world doesn't close at the same time," he said.
+    He said the U.S. action against Japan was "a significant
+retaliatory step but it did not constitute a basic change in
+trade policy."
+    The interview came just before next week's semi-annual
+meetings of the Bank and the International Monetary Fund.
+    Referring to Brazil's recent interest payments moratorium,
+Conable also said the global debt situation was very serious
+and must be closely watched.
+    He said the Bank, which in the past has concentrated on
+making loans that assist the basic underpinnings in the
+developing world such as dams, roads and sewers, will
+increasingly make assistance available for economic reform.
+    The Bank has increased these loans, in part because of the
+debt crisis that has found countries desperately in need of new
+funds for balance of payments adjustment and economic reforms
+aimed at opening their markets, encouraging foreign investment
+and reducing government's role in the economy.
+    "We're comfortable with adjustment lending, we expect,
+however, that it will never reach a majority of our portfolio,"
+Conable said.
+    He made clear, however, that adjustment lending would
+continue to increase as a proportion of overall Bank lending
+for some time.
+    He noted, "the problem of debt was a severe one and many
+countries are asking for adjustment assistance because of the
+problem of debt."
+    Conable, is a a former Republican Congressman from New York
+chosen by President Reagan for the Bank position last year. He
+is an associate of Treasury Secertary James Baker who launched
+the U.S. strategy for shoring up indebted nations in October,
+1985 which included a call for increased adjustment lending by
+the World Bank.
+    Conable also said that he expected the result of a major
+study of the Bank's organization to be completed in the next
+several weeks.
+    He said the decision to seek a reorganization was based, in
+part, on the fact that the Bank had come under fire from the
+poorest countries for not doing enough to help and from the
+richest countries because of inefficiency.
+    the reorganization is considered a major initiative by
+Conable, and is being closely-watched by the agency's 151
+member-countries as an indication of his management style and
+priorities.
+    "I want to be sure this institution is viewed by those who
+must support it as soundly constituted so that it will be
+permitted to grow," Conable said.
+    However, he said "I don't believe there is anything
+basically wrong with this institution and I don't believe it
+has to have any redefinition of its purpose."
+    He said, however, that it was apparent that the debt
+initiative proposed by Baker has given the Bank a central role
+in dealing with the debt crisis.
+    Conable added that cooperation between the Bank and its
+sister agency, the International Monetary Fund, was good and
+that he talked often with IMF Managing Director Michel
+Camdessus on a variety of issues.
+    On a personal level, Conable said that he not feel a need
+to put his personal stamp on the Bank noting that "I don't have
+a particular mission here except to be useful to the
+institution and to the process of development."
+    He added, "so I don't feel a great calling to personalize
+the institution."
+    On the development needs of sub-Sahara Africa, Conable said
+that the Bank was constantly reviewing new ways for assisting
+the region, noting that half of the recently agreed financing
+of 12.4 billion dlrs for Bank's International Development
+Association was earmarked for Africa.
+    Leading industrial nations are expected to consider new
+forms of debt relief for the very poorest nations, like those
+in the Sub-Sahara, during next week's meetings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2016" NEWID="13047">
+<DATE> 3-APR-1987 13:55:17.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1877&#31;reute
+r f BC-AMERICAN-SAVINGS-&lt;AMS   04-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN SAVINGS &lt;AMSB> SEEKS STATE CHARTER</TITLE>
+<DATELINE>    TACOMA, Wash., April 3 - </DATELINE><BODY>American Savings Bank F.S.B. said
+it applied for a state charter and it intends to change its
+depositor insurance coverage to the Federal Deposit Insurance
+Corp and to withdraw from coverage by the Federal Savings and
+Loan Insurance Corp.
+    The savings bank also said state chartered institutions
+have broader banking powers and the conversion will be in the
+best interest of both shareholders and depositors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2017" NEWID="13048">
+<DATE> 3-APR-1987 13:55:26.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1878&#31;reute
+r f BC-LTV-&lt;QLTV>-UNIT-WINS   04-03 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LTV &lt;QLTV> UNIT WINS TWO ARMY CONTRACTS</TITLE>
+<DATELINE>    SOUTH BEND, Ind., April 3 - </DATELINE><BODY>LTV Corp said its AM General
+division received two contracts valued at 11.7 mln dlrs from
+the U.S. Army to make special equipment kits for Hummer troop
+and cargo vehicles.
+    Deliveries are set for May 1987 through November 1988, the
+company said. AM General is part of LTV Missiles and
+Electronics Group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2018" NEWID="13049">
+<DATE> 3-APR-1987 13:57:12.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1882&#31;reute
+r f AM-PLANE-BOEING   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING SEEKS CAUSE OF JAL ENGINE PROBLEM</TITLE>
+<DATELINE>    SEATTLE, April 3 - </DATELINE><BODY>Boeing Co. &lt;BA> is trying to find out
+what caused an engine brace to snap on one of Japan Air Line's
+747-SR jumbo jets, a spokesman for the airplane manufacturer
+said.
+    "We know about the problem and we have provided a service
+advisory to operators of 747s," said the spokesman. "We are not
+advising any massive inspections at this time."
+    The advisory alerts operators of the jumbo jets that a
+problem has occurred and under what circumstances, but it does
+not recommend any action.
+    "A 'service bulletin' would be sent out if there is
+anything they should be concerned about," the spokesman said.
+    A JAL spokesman in Toyko said inspectors making a routine
+check found one of three diagonal braces attaching an engine to
+the wing of a 747-SR had snapped due to metal fatigue.
+    The airlines said it had ordered an inspection of all 11 of
+its 747-SR's. The plane is a full-sized jumbo jet that has been
+modified slightly to handle short-haul routes in Japan, mainly
+between Tokyo and Osaka.
+    The jetliners have beefed-up landing gear to accommodate a
+higher-than-normal number of landings and takeoffs.
+    Boeing's spokesman said only JAL and All Nippon Airlines
+use the 747-SR. JAL took delivery of its first 747-SR in 1973
+and purchased two more last year. He said the braces had been
+shipped to a Boeing plant near Seattle where they were being
+inspected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2019" NEWID="13050">
+<DATE> 3-APR-1987 13:58:59.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f1886&#31;reute
+d f BC-BRITAIN'S-ECGD-DISCUS   04-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN'S ECGD DISCUSSING NEW COVER FOR NIGERIA</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Britain's Export Credits Guarantee
+Department (ECGD) is holding talks with Nigeria aimed at
+resuming insurance cover for British exporters to Nigeria, the
+head of ECGD's international debt division, Gerry Breach, said.
+    The ECGD suspended cover on Nigeria in 1984 after the
+country fell into arrears on payments of insured and uninsured
+debts.
+    Following last week's bilateral accord between Britain and
+Nigeria to reschedule the country's insured trade debts,
+bankers had hoped that talks would commence on a resumption of
+cover.
+    Breach told a businessmen's meeting that for the ECGD to
+consider "a gradual introduction of a package of new support"
+certain criteria would have to be met.
+    This would involve the Nigerian economic structural
+adjustment program being put into effect and being endorsed by
+the International Monetary Fund, the program remaining on
+course and continuing to be endorsed by the IMF and a
+satisfactory level of acceptance by the Nigerian government of
+the ECGD insured short-term trade arrears.
+    British exports to Nigeria exceeded 550 mln stg in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2020" NEWID="13051">
+<DATE> 3-APR-1987 14:02:56.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f1899&#31;reute
+u f BC-BP-CREDIT-FACILITY-SU   04-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP CREDIT FACILITY SUBSTANTIALLY OVERSUBSCRIBED</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>A five billion dlr credit facility being
+arranged for two units of British Petroleum Co Plc &lt;BP.L>
+attracted over 15 billion dlrs in syndication but will not be
+increased, Morgan Guaranty Ltd said on behalf of Morgan
+Guaranty Trust Co of New York, the arranger.
+    It said that 64 of BP's relationship banks will be joining
+the facility, although their participations will be cut back
+dramatically. Banks had been invited as lead managers at 200
+mln dlrs, managers at 125 mln and co-managers at 75 mln.
+    BP will make the final decision on the allotments broadly
+based on relationships rather than on the amounts offered.
+    The facility is being arranged for BP International and BP
+North America in conjunction with the company's planned tender
+offer for the 45 pct of Standard Oil Co it does not already
+own.
+    Because of the purpose of the facility, Morgan only had
+five business days to arrange the facility. As a result, it
+carried terms that bankers considered relatively favourable
+when compared with those on most other recent credits. The
+facility fee, for example, was 1/8 pct compared with the 1/16
+pct BP paid on a recent 1.5 billion dlr refinancing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2021" NEWID="13052">
+<DATE> 3-APR-1987 14:04:13.24</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1903&#31;reute
+u f BC-MINAS-DE-ALMADEN-RAIS   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINAS DE ALMADEN RAISES MERCURY PRICE</TITLE>
+<DATELINE>    MADRID, April 3 - </DATELINE><BODY>Spain's Minas de Almaden y Arrayanes S.A.
+has agreed with Algerian producer ENOF to establish a minimum
+price of 300 dlrs per flask for spot mercury sales, Almaden
+spokesman Jesus Gallego said.
+    In response to enquiries from Reuters, he said his company
+had raised the minimum price for its spot sales from 240 dlrs
+per flask following talks with ENOF.
+    In a separate press release, the company said that ENOF and
+Almaden held talks in Istanbul a week ago with Turkish mercury
+producers on ways to improve prices, but Gallego said he was
+not in a position to say what action the Turkish companies
+would be taking.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2022" NEWID="13053">
+<DATE> 3-APR-1987 14:04:52.21</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1907&#31;reute
+u f BC-U.S.-JOBS-DATA-SAID-T   04-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. JOBS DATA SAID TO RULE OUT FED TIGHTENING</TITLE>
+<AUTHOR>    By Kathleen Hays, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>A steep drop in goods-producing jobs
+detracted from U.S. March non-farm payroll employment and makes
+it unlikely that the Federal Reserve will tighten monetary
+policy to defend the dollar, economists said.
+    U.S. March non-farm payroll employment rose 164,000, less
+than the gain of 220,000 to 290,000 the financial markets
+expected. Manufacturing employment fell 25,000, compared with
+February's 50,000 gain, while March construction employment
+dropped 45,000 after being unchanged in February.
+    "The momentum of industrial activity is tapering off as we
+end the first quarter," said Stephen Roach of Morgan Stanley
+and Co Inc. "This sets the stage for more sluggish growth in
+the second and third quarters."
+    "The Fed will view this as a caution flag on the economy,"
+he said. "They will not ease as long the dollar is weak, but
+clearly they can't tighten."
+    David Wyss of Data Resources Inc said that the downward
+revision in February non-farm payroll employment to 236,000
+from 337,000 means that employment gains in the first quarter
+were weaker than expected.
+    While Wyss left his first-quarter forecast of real U.S.
+gross national product growth at 3.5 pct, he said the March
+jobs data suggested a downward revision in his second-quarter
+growth forecast to 2.5 pct from 2.8 pct.
+    Bill Sullivan of Dean Witter Reynolds Inc said the average
+monthly gain in non-farm jobs in the first quarter was only
+237,000, compared with 254,000 in the fourth quarter of 1986.
+    "There's momentum in first quarter labor force activity, 
+but less than assumed," he said. "Gains in goods-producing jobs
+were subdued at best. This rules out any possibilty of the Fed
+tightening for exchange-related purposes."
+    In March, the average workweek fell back to its January
+level of 34.8 hours from 35.0 hours in February. Manufacturing
+hours also fell back to their January level, totalling 40.9
+hours in March compared with 41.2 hours in February.
+    The Commerce Department noted that loss of manufacturing
+jobs in March was concentrated in automobile, electrical and 
+electronic manufacturing.
+    Robert Brusca of Nikko Securities International said that a
+13,000 decline in auto manufacturing employment accounted for
+nearly half of the total drop in manufacturing jobs.
+    Economists said that a build-up in auto inventories
+resulting from a steep drop in sales has finally caught up with
+the labor force and may point to slower growth ahead.
+    Most expect an increase in inventories of as much as five
+pct to offset a steep four to five pct drop in final sales in
+the first-quarter GNP accounts.
+    Roach said he expects first quarter U.S. GNP to rise two
+pct, to be followed by a gain of 1.0-1.5 pct at best in the
+second and third quarters. He said the March drop in industrial
+activity "is a reasonable response in light of the inordinate
+contribution inventory accumulation made to GNP."
+    Economists said the employment data also suggest weak gains
+in industrial production and personal income for March.
+They expect only marginal gains, if not small declines, for
+these indicators, compared with a February increases of 0.5 pct
+in industrial production and 0.9 pct in personal income.
+    Steve Slifer of Lehman Government Securities said the drop
+in March construction employment may also signal a drop in
+March housing starts, which rose 2.6 pct in February to 1.851
+million units at an annual rate from 1.804 million units in
+January.
+    The rate of unemployment fell to 6.6 pct, its lowest level
+since March 1980, from 6.7 pct in February. But Wyss pointed
+out that this resulted from a drop in the labor force, which 
+fell to 119.2 mln in March from 119.35 mln in February.
+    "This just means that there were fewer people looking for
+work, so the drop in unemployment doesn't mean much," he said.
+    He said the latest employment report will not concern the
+Fed because it does points to GNP growth in the first half of
+2.5-3.0 pct, but "it does suggest they can't afford to tighten
+to quickly either."
+    The statistical factors used to smooth out seasonal
+fluctuations in the jobs data may have understated March labor
+force gains, just as seasonal factors probably overstated them
+in January and February, Slifer said, but are consistent with
+his forecast of 1.8 pct first quarter GNP growth.
+    Economic growth remains sluggish, but Silfer does not think
+that the Federal Open Market Committee changed policy at their
+meeting this week. "At some point they will be more inclined to
+ease," he said. For the time being, however, the March
+employment report "increases the likelihood they won't tighten,
+regardless of the dollar."
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2023" NEWID="13054">
+<DATE> 3-APR-1987 14:06:26.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1912&#31;reute
+u f BC-BRISTOL-MYERS-&lt;BMY>-R   04-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRISTOL-MYERS &lt;BMY> REVIEWING SCIMED MERGER</TITLE>
+<DATELINE>    MINNEAPOLIS, April 3 - </DATELINE><BODY>SciMed Life Systems Inc &lt;SMLS> said
+Bristol-Myers Co is analyzing the pending lawsuit brought
+against SciMed by &lt;Advanced Cardiovascular Systems Inc> to
+determine whether to consummate its previously announced plans
+to merge with SciMed.
+    The company said its was served the suit in Minneapolis on
+March 31, the day after it announced its definitive merger
+agreement with Bristol-Myers.
+    SciMed said the suit, which alleges that SciMed infringed
+on Advanced Cardiovascular patents, is without merit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2024" NEWID="13055">
+<DATE> 3-APR-1987 14:07:59.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1919&#31;reute
+d f BC-UK-SEEKS-PACT-WITH-JA   04-03 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK SEEKS PACT WITH JAPAN FOR INFORMATION EXCHANGE</TITLE>
+<DATELINE>    LONDON, April 3 - </DATELINE><BODY>Corporate Affairs Minister Michael Howard
+said he will use a coming trip to Tokyo to seek a memorandum of
+understanding between Britain and Japan on the exchange of
+information to fight fraud in world financial markets.
+    He told journalists that he would be seeking an agreement
+with Japan similar to one struck last autumn between the U.K.
+Department of Trade and Industry, on the one hand, and the
+Securities and Exchange Commission (SEC) and the Commodity
+Futures Trading Commission on the other.
+    Market sources have persistently speculated that it was
+information passed on to the U.K. By the SEC through their pact
+that triggered the DTI's investigations into (Guinness Plc's)
+&lt;GUIN.L> takeover of &lt;Distillers Co Plc> last year.
+    The probe, launched in December, triggered the resignation
+of some of Guinness' senior management, including Chairman
+Ernest Saunders.
+    The Trade department, however, has never confirmed this and
+has yet to state what its investigation actually concerns.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2025" NEWID="13056">
+<DATE> 3-APR-1987 14:08:38.07</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iraq</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1921&#31;reute
+d f AM-GULF-IRAQ   04-03 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS ITS FORCES SINK THREE IRANIAN VESSELS</TITLE>
+<DATELINE>    BAGHDAD, April 3 - </DATELINE><BODY>Iraq said its forces sank three Iranian
+boats which tried to approach its disused deep water oil
+terminal in the northern Gulf today.
+    A military spokesman, quoted by the official Iraqi news
+agency, said other Iranian boats fled. He did not identify the
+vessels.
+    Iraq's major oil outlets in the northern Gulf were closed
+shortly after the war with Iran started in late 1980.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2026" NEWID="13057">
+<DATE> 3-APR-1987 14:09:38.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1924&#31;reute
+r f BC-FRANCE-HLM-LAUNCHES-7   04-03 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE HLM LAUNCHES 750 MLN FRANC BOND</TITLE>
+<DATELINE>    PARIS, April 3 - </DATELINE><BODY>Housing group France HLM is launching a
+750 mln French franc 8.40 pct 15-year bond with an issue price
+of 95.36 pct and denominated in 5,000 franc units, lead manager
+Banque Paribas said.
+    The issue is being co-led by Credit Lyonnais.
+    Payment date is April 20 and redemption will be in 12 equal
+annual instalments starting after the first three years of the
+issue's life. It will be listed in the Official Bulletin (BALO)
+on April 6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2027" NEWID="13058">
+<DATE> 3-APR-1987 14:12:09.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1928&#31;reute
+u f BC-******TEXAS-AIR'S-CON   04-03 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR'S &lt;TEX> CONTINENTAL MARCH TRAFFIC UP</TITLE>
+<DATELINE>    HOUSTON, April 3 - </DATELINE><BODY>Texas Air Corp'S Continental Airlines
+said its March 1987 load factor rose to 65.6 pct from 64.3 pct
+last year. Available seat miles rose to 5.1 mln from 2.5 mln
+and revenues passenger miles rose to 3.3 mln from 1.6 mln
+    For the year to date, load factor fell to 61.8 pct from
+61.9 pct, available seat miles rose to 13.2 mln from 7.3 mln
+and revenue passenger miles rose to 8.2 mln from 4.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2028" NEWID="13059">
+<DATE> 3-APR-1987 14:12:55.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1932&#31;reute
+u f BC-US-WEST-&lt;USW>-HIKES-D   04-03 0020</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US WEST &lt;USW> HIKES DIVIDEND</TITLE>
+<DATELINE>    DENVER, April 3 -
+    </DATELINE><BODY>Qtly div 82 cts vs 76 cts prior
+    Pay May 1
+    Record April 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2029" NEWID="13060">
+<DATE> 3-APR-1987 14:14:34.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1937&#31;reute
+d f BC-BELL-PETROLEUM-&lt;BPSIO   04-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL PETROLEUM &lt;BPSIO>, REGAL TO FORM PLAN</TITLE>
+<DATELINE>    HOUSTON, APril 3 - </DATELINE><BODY>Bell Petroleum Services Inc said it
+agreed to begin talks with Regal International Inc to form a
+plan of reorganization under which Bell would become a
+subsidiary of Regal.
+    The plan would be subject to Bankruptcy court approval due
+to Bell's status as a debtor-in-possesion under Chapter 11. the
+company's expect to file a plan by the end of May.
+    This agreement terminates litigation between the companies
+concerning previous attempts at a plan of reorganization..
+    Bell is also free to continue talks with any third parties
+interested in an acquisition, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2030" NEWID="13061">
+<DATE> 3-APR-1987 14:14:40.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1938&#31;reute
+r f BC-TOYOTA-ANNOUNCES-HIGH   04-03 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA ANNOUNCES HIGHER DOMESTIC CAR SALES</TITLE>
+<DATELINE>    TORRANCE, Calif., April 3 - </DATELINE><BODY>Toyota Motor Sales U.S.A. Inc
+said domestic car sales for the month of march rose four pct to
+40,554 units from 39,008, but truck sales were down 19.3 pct to
+28,046, compared with the 34,745 sold in March 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2031" NEWID="13062">
+<DATE> 3-APR-1987 14:14:46.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1939&#31;reute
+r f BC-HEALTHVEST-&lt;HVT>-DECL   04-03 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHVEST &lt;HVT> DECLARES THREE-WEEK DIVIDEND</TITLE>
+<DATELINE>    AUSTIN, Texas, APril 3 - </DATELINE><BODY>Healthvest said its board declared
+a dividend for the final three weeks of the March quarter of 14
+cts, payable April 28 to holders of recrod April 15.
+    Previously, it dclared a special interim dividend of 42 cts
+for January 1 to March 9 in connection with its recently
+completed offering.
+    The combined dividend totals 56 cts for the March quarter,
+an increase from the prior quarter's dividend of 55 cts
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2032" NEWID="13063">
+<DATE> 3-APR-1987 14:15:22.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1940&#31;reute
+d f BC-HYUNDAI-HAS-HIGHER-MA   04-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYUNDAI HAS HIGHER MARCH DOMESTIC CAR SALES</TITLE>
+<DATELINE>    GARDEN Grove, Calif., April 3 - </DATELINE><BODY>Hyundai Motor America, a
+unit of Hyundai Motor Co of South Korea, said domestic car
+sales during the month of March rose to 19,502 compared witrh
+10,432 during March last year.
+    Year-to-date car sales rose to 56,164 from 11,020 during
+the same period last year, the company said.
+    Hyundai began selling cars in the United States last
+February 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2033" NEWID="13064">
+<DATE> 3-APR-1987 14:16:16.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1941&#31;reute
+r f BC-CPI-CORP-&lt;CPIC>-4TH-Q   04-03 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPI CORP &lt;CPIC> 4TH QTR FEB 7 NET</TITLE>
+<DATELINE>    ST. LOUIS, April 3 -
+    </DATELINE><BODY>Shr 43 cts vs 36 cts
+    Net 7,209,000 vs 5,574,000
+    Sales 77.7 mln vs 58.7 mln
+    Avg shrs 16,676,000 vs 15,478,000
+    Year
+    Shr 1.12 dlrs vs 1.10 dlrs
+    Net 18,371,000 vs 17,032,000
+    Sales 257.5 mln vs 198.3 mln
+    Avg shrs 16,411,000 vs 15,433,000
+    NOTE: Year-ago period ended Feb 1, 1986
+    Full-year earnings include gains from discontinued
+operations of 184,000 dlrs, or one ct a share vs 3,143,000
+dlrs, or 20 cts a share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2034" NEWID="13065">
+<DATE> 3-APR-1987 14:16:40.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1943&#31;reute
+r f BC-TWO-SEATS-SELL-ON-THE   04-03 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO SEATS SELL ON THE NYFE</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>The New York Stock Exchanage said two
+seats were sold on the New York Futures Exchange.
+    The Exchange said the first seat sold for 1,500 dlrs, which
+is unchanged from the previous sale, made earlier today.
+    The Exchange said a second seat then sold for 1,250 dlrs,
+off 250 dlrs.
+    It said the current bid is 300 dlrs and the current offer
+is 1,500 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2035" NEWID="13066">
+<DATE> 3-APR-1987 14:16:44.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1944&#31;reute
+d f BC-DALTEX-&lt;DLTX>-GETS-RE   04-03 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DALTEX &lt;DLTX> GETS RESEARCH GRANT FOR SCANNER</TITLE>
+<DATELINE>    WEST ORANGE, N.J., April 3 - </DATELINE><BODY>Daltex Medical Sciences Inc
+said it received a grant from the National Cancer Institute to
+develop a commercial ultrasound mammography system.
+    The award is valued at 48,394 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2036" NEWID="13067">
+<DATE> 3-APR-1987 14:17:05.68</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1945&#31;reute
+u f BC-ADM-GRAIN-ELEVATOR-EX   04-03 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADM GRAIN ELEVATOR EXPLODES IN BURLINGTON, IOWA</TITLE>
+<DATELINE>    CHICAGO, April 3 - </DATELINE><BODY>A grain elevator in Burlington, Iowa,
+exploded today, leaving five injured.
+    The elevator, operated by Archer Daniels Midland Co. of
+Decatur, Ill., is a terminal elevator on the Mississippi River,
+Doug Snyder, assistant to the vice president said.
+    The cause of the explosion and the extent of damage to the
+elevator was not immediatley known.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2037" NEWID="13068">
+<DATE> 3-APR-1987 14:17:19.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1946&#31;reute
+r f BC-DRUG-COMPANIES-GET-OU   04-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRUG COMPANIES GET OUT OF COSMETICS BUSINESSES</TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    New York, April 3 - </DATELINE><BODY>Several pharmaceutical companies, drawn
+in the 1970s to the fast growing cosmetics industry, are no
+longer finding it fashionable to sell makeup.
+    "The fad right now is to purify and concentrate on the most
+attractive business. Right now that's the drug business," said
+David Saks, an analyst with Morgan, Olmstead.
+    Yesterday, Eli Lilly and Co joined the ranks of other drug
+companies by choosing to sell off its lower growth Elizabeth
+Arden cosmetics business.
+    "It's not that Elizabeth Arden is bad. To some it may be
+their pride and joy, but to Eli Lilly, it's a diversion of
+their management energies and financial resources from their
+gemstone, which is the drug business," Saks said.
+    "Arden is a good company. I'm sure it's going to be a hot
+property. I'm sure people will be lining up to buy it," said
+Lynne Hyman, E.F. Hutton cosmetics analyst.
+    Analysts said the Arden business could command about 600
+mln dlrs, and likely buyers would be interested in its
+well-known name and distribution channels.
+                                   
+    Analysts said Avon Products Inc, a door-to-door makeup
+distributor, and the Japanese company Shiseido Co of Tokyo,
+might be willing buyers. An Avon spokesman said the company is
+interested in Arden, but it has not yet seen offering
+documents.
+    Analysts said most of the changes of control in the
+cosmetics industry have been determined for the time being.
+"There's not much out there that hasn't changed hands or isn't
+relatively stable," said Hyman.
+    Squibb &lt;SQB> last year sold its Charles of the Ritz
+business to Yves Saint Laurent for 630 mln dlrs, and Beecham
+Plc said last month it was selling its Germain Monteil unit to
+Revlon Group &lt;REV>.
+    American Cyanamid &lt;ACY>, a chemical and drug concern, is
+selling its Jacqueline Cochran Inc unit.
+    One big cosmetics concern whose fate hasn't been sealed is
+Revlon Group Inc. The company received a takeover offer from
+McAndrews and Forbes, which is controlled by its chairman,
+Ronald Perelman.
+    A major Revlon shareholder, McAndrews and Forbes, is
+offering 18.50 dlrs per share to take the company private. But
+Wall Street has been estimating values for the company of 20
+dlrs per share and more. The stock was trading today at 20-7/8,
+off 1/2.
+    Analysts said Revlon's cosmetics lines and name might be
+attractive to a corporate buyer, but they doubt one would jump
+into the situation one analyst described as a "can of worms."
+    Analysts said drug companies are getting high prices for
+the cosmetics companies. They said buyers are attracted by
+strong brand names because of profit stability and prestige.
+
+REUTER...^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2038" NEWID="13069">
+<DATE> 3-APR-1987 14:18:06.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1949&#31;reute
+u f BC-FRENCH-INDUSTRY-REVIS   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH INDUSTRY REVISES DOWN INVESTMENT FORECAST</TITLE>
+<DATELINE>    PARIS, April 3 - </DATELINE><BODY>French industrialists have sharply revised
+down their investment expectations, forecasting that investment
+in the competitive sector will rise by just three pct in real
+terms this year compared with a forecast of six pct growth made
+last November, according to the latest study by the National
+Statistics Institute (INSEE).
+    Last year investment in the competitive sector grew by just
+one pct in real terms. Investment by small companies is
+expected to grow by nine pct this year, while investment by
+medium and large companies will grow by only three pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2039" NEWID="13070">
+<DATE> 3-APR-1987 14:18:33.57</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1950&#31;reute
+d f BC-grain-carloadings   04-03 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GRAIN CARLOADINGS FALL IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>U.S. grain carloadings totaled 25,744
+cars in the week ended March 28, down 4.3 pct from the previous
+week but 41.6 pct above the corresponding week a year ago, the
+Association of American Railroads reported.
+    Grain mill product loadings in the week totalled 10,920
+cars, up 0.1 pct from the previous week and 12.7 pct above the
+same week a year earlier, the association said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2040" NEWID="13071">
+<DATE> 3-APR-1987 14:19:56.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1954&#31;reute
+r f BC-BANK-OF-NEW-ENGLAND-&lt;   04-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW ENGLAND &lt;BKNE> SELLS CAPITAL NOTES</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Bank of New England Corp is offering
+200 mln dlrs of subordinated capital notes due 1999 yielding
+8.86 pct, said lead manager Morgan Stanley and Co Inc.
+    The notes have an 8-3/4 pct coupon and were priced at 99.20
+to yield 125 basis points more than comparable Treasury
+securities.
+    Non-redeemable for life, the issue is rated A-3 by Moody's
+Investors and A by Standard and Poor's. Keefe Bruyette, Goldman
+Sachs and Merrill Lynch co-managed the deal.
+    Bank of New England said the notes will count as primary
+capital of the corporation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2041" NEWID="13072">
+<DATE> 3-APR-1987 14:21:09.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1956&#31;reute
+r f BC-SEC   04-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC CLARIFIES POSITION ON TENDER OFFER CHANGES</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The Securities and Exchange
+Commission reminded corporate raiders and others tendering for
+the shares of companies that they must extend the period their
+offers are open if key conditions are changed.
+    Specifically, the agency said those making tender offers
+for companies' stock must extend the offers if they decide to
+eliminate conditions requiring a minimum number of shares to be
+tendered in order for the offers to be valid.
+    Tender offers typically include minimum share conditions.
+As a result, a purchaser would not be bound to buy the shares
+that were tendered if the minimum level were not reached.
+    In an interpretation of current rules, which officials said
+clarifies the SEC's present position, the agency said a tender
+offer must be extended if a minimum share condition is waived,
+even if the purchaser reserved the right to do so.
+    The interpretation makes clear that waiving a minimum share
+condition is a "material change" of the tender offer under U.S.
+securities law, SEC officials said.
+    The SEC has already said that other specific material
+changes, such as changes in the percentage of securities being
+sought or the price being offered, made during the course of a
+tender offer require a 10-day extension of the offer.
+    The length of the extension, which is aimed at giving
+shareholders an adequate chance to assess revisions of a tender
+offer, was not specified in cases where the minimum share
+conditions were waived.
+    SEC officials said the length of the extension in such
+cases would depend on the facts and circumstances surrounding
+each case, but would generally be between five and 10 days.
+    The agency cited two recent tender offers in which waivers
+of a minimum share conditios were tried on the last day of each
+offer, denying shareholders the chance to react to the new
+information. Officials declined to identify the two offers.
+    "If a bidder makes a material change near or at the end of
+its offer, it will have to extend the offer to permit adequate
+dissemination," the SEC said.
+    Federal securities law requires that all tender offers
+remain open for at least 20 business days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2042" NEWID="13073">
+<DATE> 3-APR-1987 14:23:41.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>murdoch</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1961&#31;reute
+r f BC-NEWS-CORP'S-&lt;NWS>-FOX   04-03 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWS CORP'S &lt;NWS> FOX DEBUTS U.S. NETWORK</TITLE>
+<AUTHOR>    By Samuel Fromartz, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Fox Broadcasting, owned by Rupert
+Murdoch's News Corp Ltd, is set to launch two prime time
+television shows this Sunday on what some have called the
+fourth television network.
+    The company, built around Murdoch's two billion dlr
+acquisition of seven television stations last year, marks the
+first network startup since 1948, when ABC, now owned by
+Capital Cities/ABC Inc &lt;CCB>, hit the airwaves.
+    "I think our goal, more than anything else, is to provide
+an alternative to the three networks," said Fox president Jamie
+Kellner.
+    Fox's debut comes when earnings at two of the three
+networks are under pressure and network advertising dollars
+have been growing slowly.
+    "The barriers to entry are exceptionally high," industry
+analyst Peter Appert of C.J. Lawrence said. "Their (Fox) saving
+grace is that their parent has deep pockets."
+    The question television industry, advertising and Wall
+Street executives are asking is whether this new entry can lure
+advertisers from the big three: CBS Inc &lt;CBS>, ABC, and NBC, a
+unit of General Electric Co &lt;GE>.
+    Network advertising revenues rose to 8.6 billion dlrs in
+1986 from 8.3 billion a year earlier, with NBC accounting for
+all of the gain. Revenues at CBS and ABC declined, analysts
+noted.
+    "They (Fox) are competing for the same pool of funds as the
+traditional networks," said Jon Mandel, associate media
+director at Grey Advertising Inc.
+    But James Mandelbaum, a Los Angeles-based entertainment
+attorney said, "If they have enough money, they have a good
+chance of making it work."
+    Fox president Jamie Kellner said the company expects to
+lose 30 to 50 mln dlrs this year on revenues of about 150 mln
+dlrs. He said it will take three to five years to turn a
+profit.
+    To succeed, the company must also win over the young
+viewership it has targeted with an offbeat set of shows, two of
+which debut this Sunday, and another, next weekend.
+    The first Fox-produced program -- "The Late Show,"
+featuring comedienne Joan Rivers -- was shown last fall on
+Fox's seven stations and close to 100 affiliates. Although the
+show has dropped recently in ratings, it still has a captive
+young audience in the late night time slot, analysts said.
+    Sunday's prime-time shows include a situation comedy,
+"Married ... with Children," which Kellner describes as an
+alternative to the suger coated family shows on the networks.
+It is also airing "The Tracy Ullman Show," featuring the
+British comedienne, singer and actress.
+    Fox has lined up 107 independent TV stations around the
+U.S. to run the shows. The networks have some 637 affiated
+stations.
+    To make sure viewers get a chance to see the programs, the
+company is taking the unprecedented step of airing them three
+times in the course of the evening.
+    "I believe if some of their shows were on the traditional
+networks, it would be extremely high-rated," Mandel said, who
+added that his firm has signed up several million dlrs in
+advertising for the shows.
+    But some question whether Fox will really become a fourth
+network. Robert Adler, president of the Cabletelevision
+Advertising Bureau, said many cable shows are geared to the
+audience Fox is attempting to win. "There are already many
+alternatives out there to the three networks," he said.
+    And at least one network is not yet ready to consider Fox
+the competition. An ABC spokesman said, "the schedule we've put
+together for this Sunday night ... has not taken Fox's
+programming schedule into account."
+    But analysts noted that the major networks are keeping a
+eye on the venture to see how it fares in the ratings and with
+its advertisers.
+    Fox also appears willing to take a long-term view. Asked
+whether the company will be looking at ratings after Sunday's
+debut, Kellner said, "the last thing I want to do is worry
+about ratings because that was the last thing Murdoch told me
+to do."
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2043" NEWID="13074">
+<DATE> 3-APR-1987 14:26:25.41</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1963&#31;reute
+u f AM-GULF-IRAQ   04-03 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS ITS FORCES SINK THREE IRANIAN VESSELS</TITLE>
+<DATELINE>    BAGHDAD, April 3 - </DATELINE><BODY>Iraq said its forces sank three Iranian
+boats that tried to approach its disused deep water oil
+terminal in the northern Gulf today.
+    A military spokesman, quoted by the official Iraqi news
+agency, said other Iranian boats fled. He did not identify the
+vessels.
+    Iraq's major oil outlets in the northern Gulf were closed
+shortly after the war with Iran started in late 1980.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2044" NEWID="13075">
+<DATE> 3-APR-1987 14:28:33.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1970&#31;reute
+d f BC-M/A-COM-&lt;MAI>-WINS-FO   04-03 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>M/A-COM &lt;MAI> WINS FORD &lt;F> CONTRACT</TITLE>
+<DATELINE>    BURLINGTON, Mass., April 3 - </DATELINE><BODY>M/A-Com Inc said it won a
+major contract from Ford Motor Co to provide a corporate
+switching network.
+    The value of the contract, awarded to M/A-Com's
+telecommunications unit in Germantown, Md., was not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2045" NEWID="13076">
+<DATE> 3-APR-1987 14:34:12.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1982&#31;reute
+r f BC-ANADARKO-PETROLEUM-&lt;A   04-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANADARKO PETROLEUM &lt;APC> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Anadarko Petroleum Corp is raising 100
+mln dlrs via an offering of convertible subordinated debentures
+due 2012 with a 5-3/4 pct coupon and par pricing, said sole
+manager Kidder, Peabody and Co Inc.
+    The debentures are convertible into the company's common
+stock at 32.625 dlrs a share, representing a premium of 23.11
+pct over the stock price when terms on the debt were set.
+    Non-redeemable for two years, the debentures have a
+mandatory sinking fund beginning in 1998 calculated to retire
+70 pct of the issue prior to maturity, Kidder said.
+    Moody's and S and P ratings are pending.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2046" NEWID="13077">
+<DATE> 3-APR-1987 14:36:21.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1986&#31;reute
+u f BC-GENCORP-&lt;GY>-UNIT-COM   04-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> UNIT COMPLETES WOR-TV SALE</TITLE>
+<DATELINE>    AKRON, Ohio, April 3 - </DATELINE><BODY>GenCorp said its RKO General Inc
+subsidiary completed the sale of WOR-TV to MCA Inc &lt;MCA> for
+387 mln dlrs.
+    The Federal Communications Commission approved the sale
+last December, GenCorp said. The closing was delayed because
+that decision was appealed by four parties to the U.S. Court of
+Appeals, GenCorp explained.
+    WOR-TV is based in  Secaucus, N.J., GenCorp said.
+    Earlier today, &lt;General Partners> said it was prepared to
+raise its bid to 110 dlrs per share, or even more, in its bid
+for GenCorp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2047" NEWID="13078">
+<DATE> 3-APR-1987 14:49:14.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2017&#31;reute
+r f BC-GALILEO-ELECTRO-OPTIC   04-03 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GALILEO ELECTRO-OPTICS CORP &lt;GAEO> 2ND QTR </TITLE>
+<DATELINE>    STURBRIDGE, Mass., April 3 - </DATELINE><BODY>Galileo Electro-Optics Corp
+said estimated earnings for the second quarter ended March 31,
+1987, will be over current analysts estimates of 40 cts to 45
+cts per share.
+    However, the company said it has not closed its books for
+the quarter and release earnings April 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2048" NEWID="13079">
+<DATE> 3-APR-1987 14:52:29.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2025&#31;reute
+r f BC-UNITED-WATER-&lt;UWR>-UN   04-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED WATER &lt;UWR> UNIT RATE CUT APPROVED</TITLE>
+<DATELINE>    HARRINGTON PARK, N.J., April 3 - </DATELINE><BODY>United Water Resources
+Inc's Hackensack Water Co subsidiary said the New Jersey Board
+of Public Utilities has authorized a 5.9 pct cut in its water
+rates.
+    The company said the cut, which is effective today, is
+expected to reduce its revenues by 5.2 mln dlrs a year.
+    The company also said it probably will not need to seek
+additionalk rate adjustments until the end of 1987. It applied
+in January for a decrease of about 2.3 mln dlrs in annual
+revenues, equal to about three pct. This was adjusted to
+reflect increased water use, and lower power costs and taxes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2049" NEWID="13080">
+<DATE> 3-APR-1987 15:01:49.75</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D><D>coconut-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2044&#31;reute
+d f BC-U.S.-SCIENTISTS-SAY-T   04-03 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SCIENTISTS SAY TROPICAL OILS HEALTH RISK</TITLE>
+<AUTHOR>    By David Brough, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>U.S. scientists said some tropical
+vegetable oils can be hazardous to consumers whose health is at
+risk because of high levels of saturated fat, lending weight to
+a campaign by the American Soybean Association (ASA) for
+labelling changes.
+    The scientists appeared to support an ASA charge, denied by
+Malaysian palm growers, that imported coconut, palm and palm
+kernel oils contain high levels of saturated fat and thus raise
+blood cholesterol and the risk of heart disease.
+    In a petition filed in January, the ASA asked the U.S. Food
+and Drug Administration (FDA) to require palm, palm kernel and
+coconut oils to be identified as saturated fats on food
+manufacturers' labels.
+    The FDA responded to the ASA in a letter saying it would
+consider the petition as a comment to a proposed rule dealing
+with cholesterol and fatty acid labelling of foods.
+    Malaysian oil palm growers have said the charges by the ASA
+that palm oil consumption increases blood cholesterol and
+contributes to heart disease are untrue.
+    But Steve Chang, Professor of Food Science at Rutgers
+University, said, "Palm oil is definitely not good for human
+health because it has a high content of saturated fatty acid."
+    He added that the higher the fatty acid, the greater the
+blood cholesterol level. "It has been well established that
+high cholesterol levels will have a higher level of heart
+disease," he said.
+    A Malaysian Oil Palm Growers Council official, Borge
+Bek-Nielsen, has said studies have shown that palm oil is
+cholesterol-free, low in saturated fats, has anti-cancer
+properties and prevents blood clotting and blocking of arteries
+in humans.
+    Bek-Nielsen said Americans consume more saturated fats
+daily through food like butter, bacon, ham and beef than from
+palm oil, which, he added is rich in vitamins A and E.
+    David Kritchevsky, Associate Director of the Wistar
+Institute in Philadelphia, appeared to take the ASA view on
+labelling. "What people really have to learn is to read labels,"
+said Kritchevsky. "The more a consumer knows, the more likely he
+will make an intelligent choice."
+    The U.S. scientists said they had no doubt imported palm,
+palm kernel and coconut oils contain high saturated fat levels.
+    Kritchevsky, a specialist in nutrition, said, "More
+saturated fat would raise cholesterol levels...So, from that
+point of view it's a health risk. High cholesterol levels in
+the blood are a risk factor for heart disease."
+    Susanne Harris, deputy assistant secretary of the U.S.
+Agriculture Department's Food and Consumer Services Division,
+said the health risk among consumers of vegetable oils with
+high saturated fat levels was highest among those who have
+heart disease.
+    The scientists said more than 50 pct of the fatty acid
+content of the tropical oils was saturated, whereas less than
+20 pct of the fatty acid content of soybean oil was saturated.
+    David Ericksen, director of ASA's technical services, said
+U.S. soybean producers could regain about one-half of the 273
+mln dlrs in sales lost to imported tropical oils if consumers
+were aware the vegetable oils were high in saturated fat.
+    Imported tropical oils displace 171 mln bushels of U.S.
+soybean sales in the U.S. market, ASA estimates.
+    U.S. imports of coconut oil during January totaled 82.9 mln
+lbs compared with 48.0 mln lbs in December and 106.5 mln a year
+earlier, according to Commerce Department figures.
+    Imports of palm oil totaled 44.0 mln lbs compared with 51.3
+mln lbs in December and 85.2 mln a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2050" NEWID="13081">
+<DATE> 3-APR-1987 15:06:56.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2066&#31;reute
+f f BC-general-motors-canada   04-03 0014</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+GENERAL MOTORS CANADA MARCH CAR SALES UP TO 38,520 UNITS
+FROM YEAR-AGO 34,209
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2051" NEWID="13082">
+<DATE> 3-APR-1987 15:07:42.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2068&#31;reute
+u f BC-PORTUGUESE-GOVERNMENT   04-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGUESE GOVERNMENT FALLS</TITLE>
+<DATELINE>    LISBON, April 3 - </DATELINE><BODY>Portugal's minority centre-right
+government was ousted in a parliamentary censure vote backed by
+three left-wing opposition parties.
+    President Mario Soares, who returns from a visit to Brazil
+on Sunday, now faces the task of either forming a new
+government or calling an early general election.
+    The Socialist Party, Democratic Renewal Party and Communist
+Party, with 140 of the 250 parliamentary seats, voted for the
+motion against the ruling Social Democratic Party and its
+Christian Democrat allies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2052" NEWID="13083">
+<DATE> 3-APR-1987 15:08:37.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2070&#31;reute
+r f BC-NISSAN-RAISES-U.S.-CA   04-03 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN RAISES U.S. CAR, TRUCK PRICES 1.9 PCT</TITLE>
+<DATELINE>    CARSON, Calif., April 3 - </DATELINE><BODY>Nissan Motor Corp said it is
+raising the suggested retail price for its cars and trucks sold
+in the United States by 1.9 pct, or an average 212 dlrs per
+vehicle, effective April 6.
+    The company said the increase is the result of the
+continued strengthening of the Japanese yen against the U.S.
+dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2053" NEWID="13084">
+<DATE> 3-APR-1987 15:09:26.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2072&#31;reute
+u f BC-PORTUGUESE-GOVERNMENT   04-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGUESE GOVERNMENT FALLS</TITLE>
+<DATELINE>    LISBON, April 3 - </DATELINE><BODY>Portugal's minority centre-right
+government was ousted in a parliamentary censure vote backed by
+three left-wing opposition parties.
+    The Socialist Party (PS), Democratic Renewal Party (PRD)
+and Communist Party (PCP), who held 140 of the 250 parliament
+seats, voted for the motion against the Social Democratic Party
+(PSD) government and their Christian Democrat allies.
+    President Mario Soares, who returns from a visit to Brazil
+on Sunday, was now faced with the task of either forming a new
+government or calling an early general election.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2054" NEWID="13085">
+<DATE> 3-APR-1987 15:11:58.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2078&#31;reute
+u f BC-CENERGY   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SNYDER &lt;SOI> MAKES CENERGY &lt;CRG> EXCHANGE OFFER</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Snyder Oil Partners L.P. told the
+Securities and Exchange Commission it made an exchange offer to
+Cenergy Corp that would allow Snyder to acquire up to 49.9 pct
+of the company's common stock.
+    Under the exchange offer, which was proposed yesterday to
+Cenergy's officers and directors, each share of Cenergy common
+stock could be exchanged for 8.50 dlrs in market value of
+Snyder's limited partnership units, Snyder said.
+    Under the proposal, Snyder, which already holds 1,170,400
+Cenergy common shares, or 12.0 pct of the total, could boost
+its Cenergy stake to a total of 49.9 pct, it said.
+    Snyder did not say whether it has received any response to
+its proposal from Cenergy.
+    If it acquires the 49.9 pct stake, Snyder said in its SEC
+filing it would use the stock to "obtain a proportionate
+beneficial interest" in the company's assets and liabilities.
+    It said it has not decided its next move it the exchange
+proposal does not lead to negotiations with Cenergy.
+    Snyder said it may boost its stake or sell some or all of
+its current holdings. It repeated a statement made in its
+initial SEC filing last month that it is considering several
+alternatives, including seeking control of Cenergy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2055" NEWID="13086">
+<DATE> 3-APR-1987 15:13:53.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2086&#31;reute
+b f BC-general-motors-canada   04-03 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> CANADA MARCH CAR SALES UP 12.6 PCT</TITLE>
+<DATELINE>    OSHAWA, Ontario, April 3 - </DATELINE><BODY>General Motors of Canada Ltd,
+wholly owned by General Motors Corp, said March car sales
+increased 12.6 pct to 38,520 units from 34,209 units a year
+earlier.
+    Year-to-date car sales fell 10.1 pct to 82,000 units from
+91,243 units in the same period last year, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2056" NEWID="13087">
+<DATE> 3-APR-1987 15:14:40.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2090&#31;reute
+r f BC-paperboard   04-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPERBOARD TO SELL 93 MLN DLRS OF NOTES</TITLE>
+<DATELINE>    TORONTO, April 3 - </DATELINE><BODY>&lt;Paperboard Industries Corp> said it
+agreed to sell 93 mln dlrs of convertible notes, with half to
+be purchased by brokers Wood Gundy Inc and McLeod Young Weir
+Ltd and the other half by controlling shareholder Kinburn
+Industrial Corp.
+    The notes will be convertible into six mln common shares at
+15.50 dlrs a share by September 30. Paperboard now has
+6,057,495 shares outstanding. Proceeds will be used partly to
+finance the previously announced acquisition of Belkin Inc.
+Purchase of notes will be conditional on Paperboard acquiring
+98.2 pct of Belkin's shares from Balaclava Enterprises Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2057" NEWID="13088">
+<DATE> 3-APR-1987 15:15:30.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2094&#31;reute
+r f BC-seaway   04-03 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECEIVER NAMED FOR SEAWAY'S LEVY-RUSSELL UNIT</TITLE>
+<DATELINE>    TORONTO, April 3 - </DATELINE><BODY>Seaway Multi-Corp Ltd said Peat Marwick
+Ltd was appointed receiver-manager of its operating subsidiary,
+Levy-Russell Ltd, after it was unable to meet the Canadian
+Imperial Bank of Commerce's demand for repayment of loans
+totaling about 20 mln dlrs.
+    It said the receiver is seeking offers for the sale of
+Levy-Russell as a going concern.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2058" NEWID="13089">
+<DATE> 3-APR-1987 15:17:09.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2100&#31;reute
+d f BC-HARLEYSVILLE-GROUP-&lt;H   04-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARLEYSVILLE GROUP &lt;HGIC> SEEKS TO ACQUIRE FIRM</TITLE>
+<DATELINE>    HARLEYSVILLE, Pa., April 3 - </DATELINE><BODY>Harleysville Group Inc said it
+was in talks to acquire Atlantic Mutual Fire Insurance Co, a
+property and casualty insurer licensed in five southern states.
+    The company said it believes an acquisition could be
+completed by June 30, subject to approval by regulatory and
+Atlantic Mutual policyholders.
+    Harleysville plans to invest about four mln dlrs in the
+business if the deal is completed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2059" NEWID="13090">
+<DATE> 3-APR-1987 15:18:25.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2107&#31;reute
+d f BC-KROGER-&lt;KR>-TO-BUY-EI   04-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KROGER &lt;KR> TO BUY EIGHT FOOD STORES</TITLE>
+<DATELINE>    DALLAS, April 3 - </DATELINE><BODY>Kroger Co said it agreed to buy nine 
+retail food stores from the Dallas division of &lt;Safeway Stores
+Inc>, which announced it was closing the 141-store division as
+part of a restructuring.
+    Terms were not disclosed.
+    Kroger expects to take over operation of the stores, one of
+which is under construction, in late April. The addition of the
+stores will bring Kroger's Dallas division to 75 stores, it
+said.
+    It operates more than 1,300 stores in 20 states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2060" NEWID="13091">
+<DATE> 3-APR-1987 15:18:38.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2108&#31;reute
+u f BC-IBM-SECRETARY-J   04-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - IBM &lt;IBM> NEWLY NAMED SECRETARY DIES</TITLE>
+<DATELINE>    ARMONK, N.Y., April 3 - </DATELINE><BODY>International Business Machines
+Corp said recently elected secretary, John Manningham, and his
+wife, Patricia, died early this morning in a fire at their
+Ridgefield, Conn home.
+    Manningham, 53, began his IBM career in 1959 as a marketing
+representative. His election would have been effective July 1.
+    Tom Irwin is the current secretary.
+    IBM Chairman John Akers said "this is a great loss to IBM
+and to the Manningham's family, friends and community.
+(corrects spelling of town in line five)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2061" NEWID="13092">
+<DATE> 3-APR-1987 15:19:14.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2114&#31;reute
+a f BC-&lt;DOUGLAS-COMPUTER-INT   04-03 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DOUGLAS COMPUTER INTERNATIONAL> YEAR NET</TITLE>
+<DATELINE>    SALT LAKE CITY, April 3 -
+    </DATELINE><BODY>Shr seven cts vs one ct
+    Net 178,919 vs 34,429
+    Sales 3,148,420 vs 1,912,438
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2062" NEWID="13093">
+<DATE> 3-APR-1987 15:19:18.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2115&#31;reute
+a f BC-MEDICAL-STERILIZATION   04-03 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDICAL STERILIZATION INC &lt;MSTI> YEAR LOSS</TITLE>
+<DATELINE>    SYOSSET, N.Y., April 3 -
+    </DATELINE><BODY>Shr loss 65 cts vs loss 1.31 dlrs
+    Net loss 1,366,340 vs loss 2,148,656
+    Revs 2,664,852 vs 799,864
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2063" NEWID="13094">
+<DATE> 3-APR-1987 15:23:04.79</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2123&#31;reute
+u f BC-CCC-ACCEPTS-EXPORT-BO   04-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS EXPORT BONUS FOR WHEAT TO SRI LANKA</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The U.S. Agriculture Department said
+it has accepted a bid for an export bonus to cover the sale of
+50,000 tonnes of hard red winter wheat to Sri Lanka.
+    A bonus of 37.44 dlrs per tonne was awarded to Continental
+Grain Co on the shipment scheduled for April 8-16, Melvin Sims,
+USDA general sales manager said.
+    An additional 10,000 tonnes of wheat are still available to
+Sri Lanka under the export enhancement program, Sims said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2064" NEWID="13095">
+<DATE> 3-APR-1987 15:23:48.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2124&#31;reute
+r f BC-RVIAL-TO-UNION-CARBID   04-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RVIAL TO UNION CARBIDE EMERGES IN FRENCH BID</TITLE>
+<DATELINE>    PARIS, April 3 - </DATELINE><BODY>&lt;Carburos Metalicos> of Spain has bid
+2,205 francs a share for French chemicals group &lt;Duffour et
+Igon>, rivalling the 2,100 franc bid announced yesterday by
+Union Carbide France, the French subsidiary of the U.S.
+Chemical giant Union Carbide Corp &lt;UK.N>, the stockbrokers'
+assocation (CSAC) said here.
+    Duffour et Igon's capital is comprised of 133,100 shares
+with a nominal value of 100 francs each. Shares were last
+quoted at 856 francs on January 9.
+    Banque Paribas will act for Carburos Metalicos, while Union
+Carbide France's bid is being led by Rothschild et Associes
+Banque.
+    Duffour et Igon shares will be suspended on April 6 and 7
+and will resume trading on April 8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2065" NEWID="13096">
+<DATE> 3-APR-1987 15:25:37.36</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>brazil</D><D>kuwait</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2132&#31;reute
+u f BC-BRAZIL-TO-BUY-30,000   04-03 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL TO BUY 30,000 BPD OF KUWAITI OIL</TITLE>
+<DATELINE>    RIO DE JANEIRO, April 3 - </DATELINE><BODY>Brazil will import 30,000 barrels
+per day of crude oil from Kuwait, a spokesman for the state oil
+company Petrobras said.
+    He said that, unlike Saudi Arabia, Kuwait did not impose
+any conditions on Brazil.
+    Last month, Petrobras cancelled a 40-mln dlr oil purchase
+from Saudi Arabia after the Saudis refused to accept credit
+guarantees from the official Bank of Brazil.
+    The Saudis eventually lifted the condition and Brazil
+decided to reconfirm the purchase.
+    Brazil currently consumes 1.1 mln barrels of oil per day.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2066" NEWID="13097">
+<DATE> 3-APR-1987 15:27:04.96</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2136&#31;reute
+u f BC-U.S.-DURUM-WHEAT-BONU   04-03 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DURUM WHEAT BONUS BID TO ALGERIA ACCEPTED</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The U.S. Agriculture Department said
+it has accepted a bid for an export bonus to cover the sale of
+18,000 tonnes of U.S. durum wheat to Algeria.
+    A bonus of 43.25 dlrs per tonne was awarded to Cam USA Inc
+on the shipment scheduled for June 20-30, Melvin Sims, USDA
+general sales manager, said.
+    An additional 228,000 tonnes of durum wheat are available
+to Algeria under the department's export enhancement program,
+Sims said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2067" NEWID="13098">
+<DATE> 3-APR-1987 15:30:22.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2144&#31;reute
+r f BC-chrysler   04-03 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> CANADA MARCH CAR SALES UP 9.7 PCT</TITLE>
+<DATELINE>    WINDSOR, Ontario, April 3 - </DATELINE><BODY>Chrysler Canada Ltd, wholly
+owned by Chrysler Corp, said it sold 16,484 passenger cars in
+March, a 9.7 pct increase over the 15,024 sold in the same
+month of last year.
+    The company said truck sales rose 32 pct to a March record
+of 7,400 units from 5,603 in March of last year.
+    For the first quarter, car sales totaled 34,578 compared
+with 37,097 a year earlier, while truck sales totaled 15,397
+compared with 14,069.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2068" NEWID="13099">
+<DATE> 3-APR-1987 15:30:55.17</DATE>
+<TOPICS><D>barley</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2145&#31;reute
+u f BC-USDA-OFFERS-EEP-BARLE   04-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA OFFERS EEP BARLEY MALT TO COLOMBIA</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The U.S. Agriculture Department
+announced Colombia has been made eligible for sales of up to
+15,000 tonnes of barley malt under the department's export
+enhancement program, EEP.
+    As with the previous 64 EEP initiatives, sales of U.S.
+barley malt would be made to buyers in Colombia at competitive
+world prices, USDA said.
+    The export sales would be subsidized with commodities from
+the inventory of the Commodity Credit Corp and enable U.S.
+exporters to compete at commercial prices in the Colombian
+market, USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2069" NEWID="13100">
+<DATE> 3-APR-1987 15:32:31.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2154&#31;reute
+r f BC-ERLY-INDUSTRIES-&lt;ERLY   04-03 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERLY INDUSTRIES &lt;ERLY> MAKES LOAN TO HANSON</TITLE>
+<DATELINE>    LOS ANGELES, April 3 - </DATELINE><BODY>Erly Industries Inc said it provided
+privately-owned Hanson Foods Inc with a 23 mln dlr credit line
+needed to carry out its voluntary reorganization plan.
+    The plan calls for about 20 mln dlrs of the credit facility
+to be used to retire outstanding bank debt and to pay trade
+creditors, with the balance to be used for working capital,
+Erly said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2070" NEWID="13101">
+<DATE> 3-APR-1987 15:32:58.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2156&#31;reute
+r f BC-USX-&lt;USX>-TO-SHUT-DOW   04-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;USX> TO SHUT DOWN UTAH STEEL PLANT</TITLE>
+<DATELINE>    SALT LAKE CITY, April 3 - </DATELINE><BODY>USX Corp's USS division said it
+it intends to close the Geneva Works near Provo, Utah,
+effective July one.
+    The company said it is continuing talks with local
+interests in Utah concerning a possible sale of the Geneva
+works plant.
+    The company had announced the indefinite idling of the
+integrated steel mill in February. The plant, which produced
+flat rolled steel products and small diameter pipe, had
+employeed 2,200 workers, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2071" NEWID="13102">
+<DATE> 3-APR-1987 15:33:35.35</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2157&#31;reute
+r f BC-TEXAS-PETROLEUM-ACQUI   04-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS PETROLEUM ACQUIRES OIL AND GAS PROPERTIES</TITLE>
+<DATELINE>    DALLAS, April 3 - </DATELINE><BODY>Texas Petroleum Corp said it issued 14.4
+mln shares of restricted common stock in exchange for oil and
+gas properties and joint ventures located in the U.S. and
+overseas.
+    The properties were acquired from &lt;North American Oil and
+Gas Corp> and Texas Petroleum Corp in Canada, the company said.
+It added the acquisitions were the first step toward creating
+an oil and gas exploration and development enterprise.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2072" NEWID="13103">
+<DATE> 3-APR-1987 15:34:22.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2158&#31;reute
+r f BC-METROMEDIA-BUYS-WARRA   04-03 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROMEDIA BUYS WARRANT FOR SHARES OF ORION</TITLE>
+<DATELINE>    SEACAUCUS, N.J., April 3 - </DATELINE><BODY>&lt;Metromedia Co> said it
+purchased from Time Inc's &lt;TL> Home Box Office Inc a warrant to
+purchase 800,000 shares of common stock of Orion Pictures Corp
+&lt;OPC>.
+    The price for the warrant was 10 mln dlrs, Metromedia said.
+It added that it now owns 16.4 pct of the outstanding common
+stock of Orion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2073" NEWID="13104">
+<DATE> 3-APR-1987 15:35:05.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2160&#31;reute
+r f BC-ANALYSIS-AND-TECHNOLO   04-03 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSIS AND TECHNOLOGY &lt;AATI> WINS CONTRACTS</TITLE>
+<DATELINE>    NORTH STONINGTON, Conn., April 3 - </DATELINE><BODY>Analysis and Technology
+Inc said it won 7.6 mln dlrs worth of Navy contracts,
+subcontracts and increases to existing contracts.
+    The company said its backlog of contracts is approximately
+107 mln dlrs, compared to 62 mln dlrs of backlog contracts a
+year ago this time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2074" NEWID="13105">
+<DATE> 3-APR-1987 15:36:14.36</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2161&#31;reute
+r f BC-bmo   04-03 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF MONTREAL LOWERS CREDIT CARD RATE</TITLE>
+<DATELINE>    TORONTO, April 3 - </DATELINE><BODY>Bank of Montreal said it will reduce the
+interest rate it charges on outstanding MasterCard balances to
+18.3 pct from 21 pct, beginning in July.
+    The bank said it will continue its policy of not charging
+any annual fee or transaction fees to credit card holders.
+                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2075" NEWID="13106">
+<DATE> 3-APR-1987 15:36:44.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2163&#31;reute
+r f BC-SYNERGEN-&lt;SYGN>-PLANS   04-03 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNERGEN &lt;SYGN> PLANS COMMON STOCK OFFER</TITLE>
+<DATELINE>    BOULDER, Colo., April 3 - </DATELINE><BODY>Synergen Inc said it plans to
+file with the Securities and Exchange Commission to sell about
+1.5 mln shares of common stock.
+    Proceeds would be used to fund research and development,
+for product testing, working capital and general purposes.
+    The offering will be made through underwriters and only by
+means of a prospectus, the biotechnology firm said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2076" NEWID="13107">
+<DATE> 3-APR-1987 15:37:28.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2166&#31;reute
+d f BC-USX-TO-SHUT-DOWN-UTAH   04-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX TO SHUT DOWN UTAH STEEL PLANT</TITLE>
+<DATELINE>    SALT LAKE CITY, April 3 - </DATELINE><BODY>USX Corp's USS division said it
+it intends to close its Geneva Works near Provo, Utah,
+effective July one.
+    The company said it is continuing talks with local
+interests in Utah concerning a possible sale of the Geneva
+works plant.
+    The company had announced the indefinite idling of the
+integrated steel mill in February. The plant, which produced
+flat rolled steel products and small diameter pipe, had
+employeed 2,200 workers, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2077" NEWID="13108">
+<DATE> 3-APR-1987 15:38:33.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2167&#31;reute
+r f BC-NISSAN-U.S.-CAR-SALES   04-03 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN U.S. CAR SALES RISE IN LATE MARCH</TITLE>
+<DATELINE>    CARSON, CALIF., April 3 - </DATELINE><BODY>Nissan Motor Corp in USA, a unit
+of Nissan Motor Co Ltd, said its domestic car sales for the
+March 21-31 period rose 82.8 pct to 4,635 from 2,536 a year
+ago.
+    It said automobile sales for the month gained 37.6 pct to
+10,130 from 7,363 and year to date they increased to 23,899
+from 20,209.
+    Nissan said late-March U.S. truck sales increased 15.5 pct
+to 3,567 from 3,089. The month's truck sales declined 4.2 pct
+to 7,271 from 7,592, and year to date, sales increased to
+20,398 from 18,477.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2078" NEWID="13109">
+<DATE> 3-APR-1987 15:39:08.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2169&#31;reute
+d f BC-&lt;BIOASSAY-SYSTEMS>-ST   04-03 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BIOASSAY SYSTEMS> STOCK DELETED FROM NASDAQ</TITLE>
+<DATELINE>    WOBURN, Mass., April 3 - </DATELINE><BODY>Bioassay Systems Corp said its
+common stock was deleted from Nasdaq as of March 17 because two
+of the company's three market makers ceased trading in the
+stock.
+    The company also said it agreed to sell for 100,000 dlrs
+assets of its closed Woburn, Mass., plant to &lt;Toxikon Corp>, 
+which will assume the lease on the facility.
+    Bioassay's common stock will continue to be traded in the
+National Daily Quotation, or pink, sheets, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2079" NEWID="13110">
+<DATE> 3-APR-1987 15:39:38.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2170&#31;reute
+h f BC-ENEX-RESOURCES-CORP-&lt;   04-03 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENEX RESOURCES CORP &lt;ENEX> 4TH QTR LOSS</TITLE>
+<DATELINE>    KINGWOOD, Texas, April 3 -
+    </DATELINE><BODY>Shr not given
+    Net loss 330,613 vs profit
+    Revs 2,170,628 vs 614,511
+    Year
+    Shr loss one ct vs profit nine cts
+    Net loss 212,289 vs profit 829,747
+    Revs 5,397,167 vs 3,785,688
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2080" NEWID="13111">
+<DATE> 3-APR-1987 15:39:45.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2171&#31;reute
+r f BC-AMERICAN-HONDA-U.S.-L   04-03 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN HONDA U.S. LATE-MARCH CAR SALES UP</TITLE>
+<DATELINE>    DETROIT, April 3 - </DATELINE><BODY>American Honda Motor Co said domestic
+car sales for the March 21-31 period rose to 16,635 from 6,358
+a year ago.
+    It said sales for all of March advanced to 28,476 from
+15,175. Year to date, the domestic car sales rose to 76,225
+from 43,075.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2081" NEWID="13112">
+<DATE> 3-APR-1987 15:40:22.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2172&#31;reute
+r f BC-SEARS-&lt;S>-MERCHANDISE   04-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> MERCHANDISE PLANS HIGHER SPENDING</TITLE>
+<DATELINE>     CHICAGO, April 3 - </DATELINE><BODY>Sears, Roebuck and Co said in its
+annual report that its Merchandise Group plans 1987 capital
+expenditures of 355 mln dlrs, up from 280.4 mln dlrs in 1986.
+   It said about 131 mln dlrs will be used for 32 new and
+relocated stores and 38 new paint and hardware stores. The
+nation's largest retailer also said it plans to remodel 126
+stores this year.
+    Of five new stores to open in 1987, Sears said four will
+replace units in markets already served and one will be in a
+new area. At yearend 1986, the company said it had 284
+full-line stores operating in its new market-driven format.
+    Sears said it was "optimistic" about prospects for 1987,
+citing its positioning to meet merchandise and financial
+service needs of its customers.
+    To broaden its apparel customer base, Sears said it will
+issue a new catalog called "Changes" featuring natural fiber
+clothing. It said the catalog, printed on oversized pages, will
+be distributed in limited markets in 1987, with national
+circulation planned for 1988.
+    In the annual report, Sears reiterated its expectation that
+losses from introducing the company's financial services
+instrument, Discover Card, should continue to decline
+throughout 1987 and cross the breakeven line and generate a
+profit in 1988.
+    The company scheduled its annual meeting for May 14.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2082" NEWID="13113">
+<DATE> 3-APR-1987 15:43:01.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2178&#31;reute
+d f BC-OSHAP-TECHNOLOGIES-LT   04-03 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OSHAP TECHNOLOGIES LTD &lt;OSHUF> YEAR LOSS</TITLE>
+<DATELINE>    NEW YORK, April 3 -
+    </DATELINE><BODY>Shr loss 12 cts vs loss three cts
+    Net loss 646,000 vs loss 96,000
+    Revs 9,414,000 vs 9,899,000
+    Avg shrs 5,382,833 vs 3,722,833
+    NOTE: Converted using Dec 31 exchange rate of 40.05 Belgian
+francs to the U.S. dlr.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2083" NEWID="13114">
+<DATE> 3-APR-1987 15:43:25.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2180&#31;reute
+d f BC-&lt;DOUGLAS-COMPUTER-INT   04-03 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DOUGLAS COMPUTER INTERNATIONAL> YEAR END 1986</TITLE>
+<DATELINE>    SALT LAKE CITY, April 3 -
+    </DATELINE><BODY>Shr seven cts vs one ct
+    Net 178,919 vs 34,429
+    Revs 3,148,420 vs 1,912,438
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2084" NEWID="13115">
+<DATE> 3-APR-1987 15:44:31.80</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2185&#31;reute
+r f BC-canada-oil-industry   04-03 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA OIL INDUSTRY SET FOR RECOVERY - ANALYSTS</TITLE>
+<AUTHOR>    By LARRY WELSH, Reuters</AUTHOR>
+<DATELINE>    TORONTO, April 3 - </DATELINE><BODY>Firmer crude oil prices, government aid
+packages and corporate spending cuts will help Canada's oil
+industry recover from last year sharp downturn, industry
+analysts said.
+    They said there will be significant earnings gains in 1987
+compared to last year's dismal results when oil prices dropped
+about 50 pct.
+    On Canada's stock exchanges, energy shares have soared to
+their highest levels since 1983, with many issues trading at
+record highs.
+    "This is reflecting a tremendous amount of optimism on the
+part of the investment community that the outlook for the
+industry for the future is extremely attractive," Peters and Co
+Ltd oil analyst Wilf Gobert said.
+    Financial statements from Canada's major oil companies,
+culminating with Dome Petroleum Ltd's 2.20 billion Canadian dlr
+1986 loss reported this week, painted a bleak picture of last
+year's results, analysts said.
+    "But the financial statements are a snap shot and a
+recording of history. The stock market is the indication of the
+future," Gobert commented.
+    The Toronto Stock Exchange's oil and gas index of 41
+companies is up to 4065.4 so far in trading today from 3053.15
+at the end of 1986.
+    Among Canada's largest oil companies, class A shares of
+Imperial Oil Ltd &lt;IMO.A>, 70 pct owned by Exxon Corp &lt;XON>, is
+trading at 71, up from a 52-week low of 34-3/4.
+    Shell Canada Ltd, 72 pct owned by Royal Dutch/Shell Group,
+is at 40-1/2, up from a low during the last year of 18-3/4.
+Texaco Canada Inc &lt;TXC>, 78 pct owned by Texaco Inc &lt;TX>, is
+at 34-7/8, up from a low of 24-1/2.
+    Levesque Beaubien Inc oil analyst Robert Plexman forecasts
+operating profit for 10 of Canada's largest oil and gas
+companies will rise 37 pct in 1987 to about 1.44 billion dlrs
+and operating cash flow will increase 12 pct to 3.24 billion
+dlrs, based on an average oil price for the year of 16.50 U.S.
+dlrs a barrel. "However, if prices hold about 18 U.S. dlrs a
+barrel...1987 net operating income could show a 69 pct increase
+with cash flow 27 pct higher," analyst Plexman said.
+    "Although it is difficult to forecast the extent of the
+profit improvement this year, the gain should be significant,"
+he added.
+    Those improvements follow a sharp downturn in 1986, when
+operating income for the ten companies dropped 47 pct to 1.05
+billion dlrs and operating cash flow fell 22 pct to 2.90
+billion dlrs.
+    But one industry source doesn't think oil prices will hold
+recent gains and more government assistance is needed.
+    Canadian Petroleum Association technical director Hans
+Maciej sees industry cash flow falling another 10 pct in 1987,
+after dipping about 60 pct last year. Maciej said he sees crude
+oil supply outweighing demand and doesn't believe a recent OPEC
+production accord will continue to support prices.
+    However, several companies share the optimistic industry
+outlook expressed by a majority of analysts.
+    Shell Canada and &lt;Norcen Energy Resources Ltd> forecast
+improved 1987 earnings in their annual reports issued this
+week, assuming oil prices remain at or above 1986 levels.
+    "The industry's outlook for 1987 is positive, but not
+robust," Texaco Canada said in its annual report.
+    "While oil prices have strengthened somewhat and there is
+good reason to believe that the general level is sustainable,
+continued volatility is likely," Texaco Canada added.
+    In the face of short-term uncertainty, many companies have
+pared 1987 spending plans from last year's lower levels,
+deferring most frontier exploration work.
+    "The industry is becoming very selective in investments,
+very conservative and cautious, which is not unexpected,"
+Canadian Petroleum Association's Maciej said.
+    Federal and Alberta goverment aid measures helped cushion
+the industry downturn in 1986 and are improving 1987 results.
+    The most significant help came last September when the
+federal government lifted the 10 pct Petroleum Gas Revenue Tax
+(PGRT) 28 months earlier then planned.
+    Analysts estimate the tax relief will save larger oil
+companies about 1.50 billion dlrs by the end of 1988.
+    The PGRT cut helped brake the steep profit and cash flow
+decline in 1986 for many oil companies and prevented further
+exploration spending cuts, analysts said.
+    "For a number of companies, the PGRT cut was absolutely
+necessary to even maintain the kind of reduced investments that
+were made, otherwise the reduction would have been considerably
+more," Maciej said.
+ Reuter
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2085" NEWID="13116">
+<DATE>  3-APR-1987 15:47:37.66</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2194&#31;reute
+r f BC-gold-production   04-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GOLD PRODUCTION ROSE IN DECEMBER</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>U.S. mine production of gold rose to
+244,900 troy ounces in December from 244,749 ounces in
+November, the U.S. Interior Department's Bureau of Mines said.
+    U.S. imports of gold in December were 692,700 ounces, vs
+2,011,754 ounces in November and 611,811 ounces in December,
+1985.
+    Gold exports totaled 243,191 ounces in December, vs
+November's 374,468 ounces and 350,078 ounces in December a year
+earlier.
+    Mine production of gold in the 12-month period Jan-Dec,
+1986, totaled 2,951,151 ounces, vs 2,475,436 ounces over the
+same period in 1985.
+    Gold imports in Jan-Dec, 1986, totaled 15,749,447 ounces,
+vs 8,225,999 ounces for the same period in 1985, while exports
+stood at 4,612,919 ounces and 3,966,678 ounces over the
+respective periods, the bureau said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2086" NEWID="13117">
+<DATE> 3-APR-1987 15:48:24.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2199&#31;reute
+d f BC-PICTEL-&lt;PCTL>-COMPLET   04-03 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PICTEL &lt;PCTL> COMPLETES PUBLIC OFFER</TITLE>
+<DATELINE>    PEABODY, Mass., April 3 - </DATELINE><BODY>Pictel Corp said it completed the
+public offering of 1.05 mln units at six dlrs apiece through
+F.N. Wolf and Co and Sherwood Capital Inc.
+    Proceeds will be used for product development, marketing
+expenses, capital equipment and working capital, the
+telecommunications products company said.
+    Each unit consists of five shares of common stock and three
+redeemable common stock purchase warrants exercisable at 1.25
+dlrs a share for five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2087" NEWID="13118">
+<DATE> 3-APR-1987 15:50:04.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2200&#31;reute
+r f BC-JACK-WINTER-INC-&lt;JWI>   04-03 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JACK WINTER INC &lt;JWI> 4TH QTR JAN 3 LOSS</TITLE>
+<DATELINE>    MILWAUKEE, April 3 -
+    </DATELINE><BODY>Shr loss 67 cts vs loss seven cts
+    Net loss 2,410,000 vs loss 245,000
+    Revs 11.0 mln vs 10.9 mln
+    12 mths
+    Shr loss 21 cts vs profit 43 cts
+    Net loss 748,000 vs profit 1,571,000
+    Revs 46.9 mln vs 40.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2088" NEWID="13119">
+<DATE> 3-APR-1987 15:51:11.87</DATE>
+<TOPICS><D>silver</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2204&#31;reute
+r f BC-silver-production   04-03 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SILVER PRODUCTION ROSE IN DECEMBER</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>U.S. mine production of silver rose
+to 2,295,230 troy ounces in December from 2,181,082 in
+November, the Interior Department's Bureau of Mines said.
+    U.S. imports of silver in December were 8,458,000 ounces,
+vs 19,950,000 in November, and 8,840,000 in December, 1985.
+    Silver exports totaled 1,549,000 ounces in December, vs
+2,346,000 in November and 1,504,000 ounces in December, 1985.
+    Silver mining production in the 12-month period Jan-Dec,
+1986 totaled 31,720,769 ounces, vs 39,357,197 ounces produced
+over the same period in 1985.
+   Imports of silver in Jan-Dec, 1986 totaled 144,890,000
+ounces, vs 152,601,000 ounces in Jan-Dec, 1985, while silver
+exports stood at 25,114,000 ounces and 24,756,000 ounces over
+the respective periods, the bureau said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2089" NEWID="13120">
+<DATE> 3-APR-1987 15:51:32.56</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2205&#31;reute
+r f BC-portland-grain-ships   04-03 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN SHIPS LOADING AT PORTLAND</TITLE>
+<DATELINE>    PORTLAND, April 3 - </DATELINE><BODY>There were five grain ships loading and
+three ships were waiting to load at Portland, according to the
+Portland Merchants Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2090" NEWID="13121">
+<DATE> 3-APR-1987 15:54:36.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2209&#31;reute
+d f BC-WRIGLEY-&lt;WWY>-RAISES   04-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WRIGLEY &lt;WWY> RAISES GUM PRICE, SELLS NEW SIZE</TITLE>
+<DATELINE>    CHICAGO, April 3 - </DATELINE><BODY>Wm. Wrigley Jr. Co said it raised the
+wholesale price for seven-stick packages of its Spearmint,
+Juicy Fruit, Doublemint and Big Red brands, marching
+competitive moves to a 35 cts retail price. The gum previously
+sold at 30 cts a pack.
+    The company also said on March 30 it brought out a
+five-stick package of the four brands. The new package-size,
+generally phased out by the trade in 1972, was priced at 25 cts
+a pack, Wrigley said. A company spokesman said the five-stick
+size was "well received" by the trade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2091" NEWID="13122">
+<DATE> 3-APR-1987 15:54:41.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2210&#31;reute
+r f BC-PLANTERS-CORP-&lt;PNBT>   04-03 0020</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLANTERS CORP &lt;PNBT> 1ST QTR NET</TITLE>
+<DATELINE>    ROCKY MOUNT, N.C., April 3 -
+    </DATELINE><BODY>Shr 32 cts vs 28 cts
+    Net 2,194,000 vs 1,929,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2092" NEWID="13123">
+<DATE> 3-APR-1987 15:55:06.24</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2211&#31;reute
+u f BC-LOWER-U.S.-RICE-STOCK   04-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWER U.S. RICE STOCKS, STRONG EXPORTS - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Rising demand for U.S. rice may
+gradually reduce surpluses while a marketing loan should help
+increase the U.S. share of the world rice market despite
+sluggish trade this year, the U.S. Agriculture Department said.
+    In its quarterly rice outlook and situation summary, the
+department said U.S. rice use may surpass production during the
+1986/87 marketing year, causing stocks to fall about 10 mln
+hundredweight from a year earlier to an estimated 67 mln cwt on
+July 31.
+    Long grain acreage as a percentage of total acreage is
+expected to decline this year, the report said.
+    USDA said factors once supportive of increased long grain
+acreage have turned around. Domestic prices of medium grain
+relative to long grain have increased, the loan differential
+has been greatly reduced and increases in long grain yields
+relative to those of other classes have leveled off.
+    With the drop in domestic prices resulting from the
+marketing loan, domestic rice use is expected to grow at a
+faster rate, USDA said.
+    "Development of new products and increased promotion have
+helped make rice more available and visible to a wider range of
+consumers," USDA said.
+    USDA said world trade is expected to fall in 1987 because
+of large production and stocks but a weaker market should
+affect competing exporters more than the U.S.
+    "The United States has already recovered a substantial share
+of the European Community market and made inroads into markets
+in the Middle East and Africa," the report said.
+    World rice consumption is projected to reach record levels
+in 1986/87, the report said, as higher per capita incomes,
+increased domestic production and low import prices have
+allowed people in many countries to substitute rice for coarse
+grains.
+    China, India and South Korea have increased output, while
+the Middle East and Africa have doubled imports since the
+mid-1970s, the report said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2093" NEWID="13124">
+<DATE> 3-APR-1987 15:58:33.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2216&#31;reute
+b f BC-HUTTON-&lt;EFH>-STILL-IN   04-03 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUTTON &lt;EFH> STILL INTERESTED IN PUROLATOR &lt;PCC></TITLE>
+<DATELINE>    New York, April 3 - </DATELINE><BODY>E.F. Hutton LBO Inc is still interested
+in an acquisition of Purolator Courier Corp, and is examining
+the possibility of raising its 35 dlr per share offer, an E.F.
+Hutton spokesman said.
+    Hutton's offer was topped by a 40 dlr per share offer from
+Emery Air Freight Corp &lt;EAF> earlier this week.
+    "We're definately not out of it at this point," the Hutton
+spokesman said.
+    "We want to see what the offer is completely and understand
+it fully, and then fashion our response," the spokesman said.
+    After Emery made its offer, Hutton extended the deadline on
+its offer to Monday. The offer was to have expired Wednesday.
+    Analysts said it might be difficult for Hutton to raise the
+offer since Emery, an overnight courier, might have an easier
+time justifying a lofty price since it would realize cost
+savings by combining its business with those of Purolator.
+    Purolator, a New Jersey-based overnight courier, has
+declined comment.
+    Purolator had traded above the Hutton offer price on
+speculation a new bidder would emerge. It was up 1/8 today at
+40-3/8, above the Emery offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2094" NEWID="13125">
+<DATE> 3-APR-1987 16:00:55.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2222&#31;reute
+u f BC-MELLON-&lt;MEC>-SUED-BY   04-03 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELLON &lt;MEC> SUED BY SHAREHOLDER</TITLE>
+<DATELINE>    PHILADELPHIA, April 3 - </DATELINE><BODY>Mellon Bank Corp said a shareholder
+filed a class action suit in Philadelphia in light of the
+precipitous decline in Mellon's stock on the New York Stock
+Exchange.
+    Mellon's stock fell 3-1/2 to 40-7/8 today after plunging
+6-1/4 yesterday after the bank holding company reported its
+first loss in its 118 years, according to the shareholder, John
+Paul Decker.
+    Yesterday, the company said it expected to report a first
+quarter loss of between 55 mln and 65 mln dlrs and its
+intention to reduce the quarterly dividend.
+    The shareholder charges that Mellon and its senior officers
+failed to disclose the company's true financial condition
+during the class period, between February 1, 1985 and
+April 2, 1987 
+    Mellon said it had no comment because it had not yet seen
+the suit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2095" NEWID="13126">
+<DATE> 3-APR-1987 16:03:09.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2230&#31;reute
+h f BC-&lt;DREYFUS-A-BONDS-PLUS   04-03 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DREYFUS A BONDS PLUS INC> MONTHLY PAYOUT</TITLE>
+<DATELINE>    NEW YORK, April 3 - 
+    </DATELINE><BODY>Mtly div 10.4 cts vs 10.8 cts prior
+    Paid April 1
+    Record March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2096" NEWID="13127">
+<DATE> 3-APR-1987 16:04:07.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2232&#31;reute
+r f BC-AMERICAN-EXPLORATION   04-03 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPLORATION &lt;AXCO> RAISES 63 MLN DLRS</TITLE>
+<DATELINE>    HOUSTON, April 3 - </DATELINE><BODY>American Exploration Co said it raised 
+63 mln dlrs for its property acquisition program, and has spent
+all but 10 mln dlrs of that total on acquiring property.
+    American Exploration said the 63 mln dlrs raised for its
+"APPL-IV" program represented the largest amount raised for any
+of its "APPL" programs. It said it will attempt to raise more
+capital in its upcoming "APPL-V" program.
+    American said it raises money from outside sources and then
+uses the funds to buy on and off shore oil and gas producing
+properties, mostly in Texas and Louisiana.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2097" NEWID="13128">
+<DATE> 3-APR-1987 16:06:54.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2235&#31;reute
+r f BC-GTE-&lt;GTE>-UNIT-DEBT-U   04-03 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE &lt;GTE> UNIT DEBT UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Standard and Poor's Corp said it
+upgraded 295 mln dlrs of debt of Hawaiian Telephone Co, a GTE
+Corp unit.
+    It raised the company's first mortgage bonds to AA from
+AA-minus and sinking fund debentures to AA-minus from A-plus.
+    S and P cited earnings improvement, better capital
+recovery, a stable construction program and a sophisticated
+network, as well as financial improvement. This gave Hawaiian
+Telephone a strengthened capital structure and cash flow in
+both regulated and non-regulated businesses. But S and P said
+it considers coverage a little weak.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2098" NEWID="13129">
+<DATE> 3-APR-1987 16:08:37.12</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2237&#31;reute
+u f BC-TURKEY-ELIGIBLE-FOR-U   04-03 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY ELIGIBLE FOR U.S. BONUS RICE</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The U.S. Agriculture Department said
+Turkey has been made eligible for the sale of up to 70,000
+tonnes of medium grain milled rice under the department's
+export enhancement program, EEP.
+    As with the 65 previous EEP initiatives, the export sales
+would be subsidized with commodities from the inventory of the
+Commodity Credit Corp and made at competitive world prices,
+USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2099" NEWID="13130">
+<DATE> 3-APR-1987 16:09:41.79</DATE>
+<TOPICS><D>nat-gas</D><D>propane</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2241&#31;reute
+r f BC-INTERNATIONAL-LPG-PRI   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL LPG PRICES MIXED</TITLE>
+<DATELINE>    New York, April 3 - </DATELINE><BODY>International LPG prices were mixed in
+the past week, with North Sea prices easier while prices in the
+Mediterranean and the Gulf were up in April, traders said.
+    In the North Sea market, small cargoes of propane were sold
+as high as 126 dlrs per tonne on the f.o.b. basis early in the
+week, but prices eased after the majors posted their April
+contract prices, traders said.
+    British Petroleum plc &lt;BP> left propane unchanged at 110
+dlrs and raised butane prices 5.50 dlrs to 123 dlrs, Shell, a
+unit of Royal Dutch/Shell Group &lt;RD> &lt;ST> raised propane three
+dlrs to 113 and butane 5.50 dlrs to 123 dlrs, they said.
+    In the Mediterranean, prices firm in Lavera as Algerian
+supplies were not always available. Spot propane was unchanged,
+while butane rose about 25 dlrs from last week, traders said.
+    They said, however, the Mediterranean butane market was
+very thin, making it subject to wide price swings.
+    In the Gulf, strong demand from the Far East pushed premium
+on small cargoes five to 10 dlrs above government selling price
+(gsp) for propane and 10 dlrs for butane, traders said. 
+    The rising premium over gsp, however, was partially offset
+by about 10 pct decline in shipping, making prices for propane
+about unchanged and butane five dlrs higher, basis c. and f.
+Japan, the traders said.
+SPOT.(DLRS/TONNE)......PROPANE..............BUTANE...........
+NORTH SEA (FOB)........113/117..............125/130..........
+NORTH SEA (CIF)........120/125..............135/140..........
+MEDITERRANEAN.(CIF)....140/145..............175/180..........
+THE GULF (FOB).........130/135..............140/145..........
+JAPAN (C AND F)........155/160..............160/165..........
+OFFICIAL PRICES-FOB..........................................
+SAUDI ARABIA (3/1)........125.................125............
+ALGERIA......(3/1)........120.................130............
+BP/POSTED PRICE.(4/1).....110.................123.00.........
+SHELL/POSTED PRICE.(4/1)..113.................123.00.........
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2100" NEWID="13131">
+<DATE> 3-APR-1987 16:10:20.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2243&#31;reute
+d f BC-SCOTT-INSTRUMENTS-COR   04-03 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT INSTRUMENTS CORP &lt;SCTI> YEAR LOSS</TITLE>
+<DATELINE>    DENTON, Texas, April 3 -
+    </DATELINE><BODY>Shr loss 15 cts vs loss 27 cts
+    Net loss 1,905,774 vs loss 2,160,717
+    Revs 868,117 vs 307,135
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2101" NEWID="13132">
+<DATE> 3-APR-1987 16:11:44.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2247&#31;reute
+d f BC-US-WEST-&lt;USW>-UNIT-NA   04-03 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US WEST &lt;USW> UNIT NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    DENVER, April 3 - </DATELINE><BODY>US West Inc said it named A. Gary Ames to
+succeed Robert Blanz as president and chief executive officer
+of its Mountain Bell subsidiary.
+    Blanz, who announced his intention to retire effective June
+1, was elected chairman of the Mountain Bell board of
+directors.
+    Ames currently serves Mountain Bell as executive vice
+president and chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2102" NEWID="13133">
+<DATE> 3-APR-1987 16:12:05.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2249&#31;reute
+d f BC-PACIFIC-HORIZON-FUNDS   04-03 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC HORIZON FUNDS &lt;PHAGX> ADDS SALES CHARGE</TITLE>
+<DATELINE>    SAN DIEGO, April 3 - </DATELINE><BODY>Pacific Horizon Funds Inc said it will
+place a sales charge on three of its six portfolios effective
+April 20.
+    The sales charge, which will not apply to investors who
+were shareholders prior to that date, will be 4-1/2 pct on
+investments less than 100,000 dlrs, and progressively less on
+larger amounts.
+    The funds affected are Pacific Horizon's Aggressive Growth,
+its California Tax-Exempt Bond, and its High-Yield Bond.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2103" NEWID="13134">
+<DATE> 3-APR-1987 16:12:10.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2250&#31;reute
+r f BC-MITSUBISHI-REPORTS-HI   04-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI REPORTS HIGHER U.S. MARCH SALES</TITLE>
+<DATELINE>    FOUNTAIN VALLEY, Calif., April 3 - </DATELINE><BODY>The Mitsubishi Motor
+Sales America Inc unit of Mitsubishi Motor Corp said domestic
+car sales during March rose to 6,403 from 4,089 a year earlier
+and year-to date car sales were up to 14,071 from 12,937 last
+year.
+    Truck sales rose to 3,800 during the month from 2,526 last
+year and year-to-date sales increased to 11,126 from 6,520,
+Mitsubishi said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2104" NEWID="13135">
+<DATE> 3-APR-1987 16:14:52.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2255&#31;reute
+d f BC-GREAT-AMERICAN-&lt;GAMI>   04-03 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT AMERICAN &lt;GAMI> FORMS NEW SUBSIDIARY</TITLE>
+<DATELINE>    CHICAGO, April 3 - </DATELINE><BODY>Great American Management and Investment
+Inc said it formed a new subsidiary, Eagle Industries Inc, and
+secured a 125 mln dlr credit facility for the unit from Heller
+Financial Inc.
+    It said Eagle consists of eight subsidiaries which
+primarily serve the electric utility, building products and
+process industries. The financing will be used to repay
+existing debt, for working capital and for ongoing acquisition
+programs.
+    Great American said all of the Eagle Industries businesses
+previously were units of the company and its subsidiaries.
+    It said Eagle's projected sales for the year ending July
+31, 1987 are 282 mln dlrs and projected operating income is 28
+mln dlrs.
+    Now based in Purchase, N.Y., Eagle Industries is setting up
+headquarters in Chicago with a move scheduled for midyear.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2105" NEWID="13136">
+<DATE> 3-APR-1987 16:15:02.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2256&#31;reute
+d f BC-SCOTT-INSTRUMENTS-&lt;SC   04-03 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT INSTRUMENTS &lt;SCTI> GETS QUALIFIED AUDIT</TITLE>
+<DATELINE>    DENTON, Texas, April 3 - </DATELINE><BODY>Scott Instruments Corp said its
+independent public accountants qualified the report on Scott's
+1986 financial statements because of its weak financial
+condition.
+    The report indicates the realization of the company's
+assets is dependent on it obtaining enough working capital to
+finance operations and additional funds to meet other
+liabilities, among other things.
+    These factors indicate the company may be unable to
+continue its existence.
+    Earlier, Scott reported a 1986 loss of 1.9 mln dlrs
+compared to a loss of almost 2.2 mln dlrs in 1985. Total assets
+were nearly 1.1 mln dlrs at year end, down from 1.2 mln dlrs
+the prior year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2106" NEWID="13137">
+<DATE> 3-APR-1987 16:16:01.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2259&#31;reute
+u f BC-U.S.-TREASURY-ANNOUNC   04-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY ANNOUNCES TAX AND LOAN CALLS</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The U.S. Treasury said it issued 
+calls on its tax and loan accounts covering class "C"
+depositaries.
+    The "C" call was for 25 pct of the uncalled balances of
+open-ended note accounts as of close of business yesterday, for
+payment today.
+    In addition, the call was for 92 pct of the book balances
+in open-ended note accounts as of close of business today, for
+payment Monday.
+    The total of the calls for today and yesterday was 2.704
+billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2107" NEWID="13138">
+<DATE> 3-APR-1987 16:16:11.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2260&#31;reute
+d f BC-&lt;THORATEC-LABORATORIE   04-03 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;THORATEC LABORATORIES CORP> YEAR LOSS</TITLE>
+<DATELINE>    BERKELEY, Calif., April 3 -
+    </DATELINE><BODY>Shr loss 1.64 dlrs vs loss 2.08 dlrs
+    Net loss 9,761,000 vs loss 10,977,000
+    Revs 4,409,000 vs 2,697,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2108" NEWID="13139">
+<DATE> 3-APR-1987 16:18:07.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2273&#31;reute
+d f BC-BAYOU-INTERNATIONAL-G   04-03 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYOU INTERNATIONAL GETS STAKE IN AMALGAMATED</TITLE>
+<DATELINE>    LOS ANGELES, April 3 - </DATELINE><BODY>Bayou International Ltd said it
+acquired 19.9 pct of &lt;Amalgamated Equities Ltd> of Australia
+for 710,000 dlrs.
+    Bayou is 55.2 pct owned by &lt;Australia Wide Industries Ltd>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2109" NEWID="13140">
+<DATE> 3-APR-1987 16:19:13.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V F
+&#22;&#22;&#1;f2275&#31;reute
+u f BC-QT8916   04-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET AT RECORD IN BIGGEST ONE DAY GAIN</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Wall Street scored its biggest one
+session gain ever, climbing to a record in extremely active
+trading. A strong bond market, triggering arbitrage related buy
+programs and drawing many short sellers in to even up
+positions, propelled stocks sharply higher.
+    "This was a startling performance in a week that began with
+a nervous selloff and growing anxiety about inflation, interest
+rates and trade friction," Alan Ackerman of Gruntal and Co
+said. The Dow Jones Industrial Average soared 70 points to
+2390. Outdistancing the previous one day record gain of 54
+points set on February 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2110" NEWID="13141">
+<DATE> 3-APR-1987 16:19:59.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2276&#31;reute
+r f BC-NETWORK-&lt;NETW>-TO-TAK   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NETWORK &lt;NETW> TO TAKE 3RD QTR CHARGE</TITLE>
+<DATELINE>    DANBURY, Conn., April 3 - </DATELINE><BODY>Network Control Corp said it
+intends to take a 250,000 dlr charge against earnings for the
+third quarter ended March 31 and said sales for the quarter
+would be about 400,000 dlrs, about 50 pct below sales in the
+same year-ago quarter.
+    Network said it is taking the charge due to the significant
+increase in accounts receivable which remain uncollected for
+more than 90 days after billing. It said it ultimately will
+collect most of those accounts.
+    It attributed the sales decline to a transition period for
+its new products and a delay in a major order.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2111" NEWID="13142">
+<DATE> 3-APR-1987 16:20:10.28</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2277&#31;reute
+u f BC-PETROBRAS-PLEDGING-TO   04-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETROBRAS SEES RAISING EXPORT OF FUEL IN 1987</TITLE>
+<DATELINE>    RIO DE JANEIRO, April 3 - </DATELINE><BODY>Brazil's state oil company
+Petrobras is pledging to export 4.6 mln cubic meters of fuel,
+or 28.9 mln barrels in 1987, a company spokesman said.
+    He said that represents a total sale worth 600 mln dlrs.
+The volume is 27 pct higher over 1986 sales, which totalled 3.6
+mln cubic meters, or 22.6 mln barrels.
+    The United States, Africa and Latin American are Brazil's
+main fuel buyers, the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2112" NEWID="13143">
+<DATE> 3-APR-1987 16:20:29.38</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2279&#31;reute
+f f BC-******U.S.-BUSINESS-L   04-03 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BUSINESS LOANS FELL 822 MLN DLRS IN MARCH 25 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2113" NEWID="13144">
+<DATE> 3-APR-1987 16:21:48.07</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2281&#31;reute
+b f BC-BAKER-REPEATS-HE-HOPE   04-03 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER REPEATS HE HOPES PRIME HIKE TEMPORARY</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Treasury Secretary James Baker
+reiterated his hope that this week's rise in prime rates would
+be a temporary blip upwards.
+    "I would hope that it would simply be a temporary blip
+upward as we've seen in the past," Baker said in television
+interview with the Cable News Network. The interview airs
+tomorrow but CNN released extracts from his remarks today.
+    Baker also repeated his position that the reaction of
+financial markets to U.S. tariffs on Japanese electronic goods
+showed "the importance of the United States not going
+protectionist. The markets were telling us...be careful."
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2114" NEWID="13145">
+<DATE> 3-APR-1987 16:22:29.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2286&#31;reute
+d f BC-DELTA-DENTAL-GETS-121   04-03 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTA DENTAL GETS 121.0 MLN DLR PENTAGON CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Delta Dental Plan of San Francisco
+has been awarded a 121.0 mln dlr contract to provide dental
+services to 100,000 families of military personnel in the
+United States, Puerto Rico and the Virgin Islands, the
+Defense Department said.
+    The plan is a private, non-profit health organization which
+operates in 48 states.
+    The contract is the first let by the Office of Civilian
+Health and Medical Program of the Uniformed Services (CHAMPUS)
+in a move to provide more cost-effective and efficient health
+care for dependents of U.S. military personnel.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2115" NEWID="13146">
+<DATE> 3-APR-1987 16:22:36.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2287&#31;reute
+r f BC-KENAI-&lt;KEN>-SETS-NOTE   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENAI &lt;KEN> SETS NOTE OFFER, AVOIDS CHAPTER 11</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Kenai Corp said its shareholders
+approved of a reorganization to avoid a chapter 11 filing under
+the U.S. bankruptcy code.
+    Shareholders approved an increase in authorized shares to
+two billion common and two mln preferred, with a par value of
+0.001 dlrs per share. A portion of the new shares will be
+issued to holders of 57.5 mln dlrs of subordinated debentures,
+all of which are in default.
+    The company, which was also merged into a subsidiary, said
+its 35.7 mln outstanding shares will be exchanged for shares in
+the new company on a one-for-one basis.
+    According to the exchange offer, each 1,000 dlrs principle
+of subordinated debentures will be exchanged for 1,000 shares
+of common stock, 500 dlrs principal of a variable interest
+subordinated debenture and 24 shares of convertible preferred
+stock, the company said.
+    It said the offer will result in the issue of 57.5 mln
+common shares, 28.85 mln dlrs principle of variable rate
+subordinated debentures, and 1.38 mln shares of convertible
+preferred stock.
+    The company said two holders of 29.9 mln dlrs of debentures
+who have already exchanged their holdings for 20.8 mln common
+shares and 23.5 mln dlrs principle amount of notes will
+resubmit the securities to meet the terms of the current
+exchange offer.
+    It said the offer is dependent on filings with the
+Securities and Exchange Commission.
+    The company also said that upon completion of the exchange
+offer, it may issue warrants to buy 100 mln shares of common
+stock to current shareholders and warrants for 75 mln shares to
+employees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2116" NEWID="13147">
+<DATE> 3-APR-1987 16:24:45.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2297&#31;reute
+r f BC-PERINI-&lt;PCR>-VENTURE   04-03 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERINI &lt;PCR> VENTURE WINS 117.8 MLN CONTRACT</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., April 3 - </DATELINE><BODY>Perini Corp said a joint
+venture of &lt;Tuto-Saliba Corp> of Sylmar, Calif., and Perini's
+Western division have been awarded a 117.8 mln dlrs contract to
+build San Diego-s waterfront convention center.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2117" NEWID="13148">
+<DATE> 3-APR-1987 16:24:53.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2298&#31;reute
+r f BC-E-AND-B-MARINE-&lt;EBMI>   04-03 0047</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+E AND B MARINE &lt;EBMI> 4TH QTR NET
+    EDISON, N.J., April 3
+    Shr loss 1.65 dlrs vs loss 24 cts
+    Net loss 3,259,000 vs loss 470,000
+    Revs 16.0 mln vs 9,510,000
+    12 mths
+    Shr loss 84 cts vs gain 63 cts
+    Net loss 1,661,000 vs gain 1,301,000
+    Revs 80.5 mln vs 56.4 mln
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2118" NEWID="13149">
+<DATE> 3-APR-1987 16:28:44.17</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2309&#31;reute
+r f BC-U.S.-MEAT-PROCESSORS   04-03 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MEAT PROCESSORS ASK FOR LABELLING CHANGE</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Four U.S. meat processors have asked
+the federal government to relax a labelling requirement which
+they said discourages the use of mechanically separated meat,
+the U.S. Agriculture Department said.
+    The petition, filed by Bob Evans Farms, Odom Sausage Co,
+Sara Lee Corp and Owens Country Sausage, asks USDA to allow
+mechanically separated meat to be listed on product labels as
+the species from which it was derived.
+    For example, "pork" would be listed on the ingredients
+statement instead of "mechanically separated pork."
+    Under the petition, the calcium content of the meat product
+would have to be stated on the label and the mechanically
+separated meat could constitute no more than 10 pct of the meat
+and poultry portion of the product.
+    Mechanically separated meat is a high-protein, low-cost
+product that has been approved for use since 1978, USDA said.
+    Current regulations allow use of mechanically separated
+ingredients at levels up to 20 pct of the meat and poultry
+product, but require it to be listed in the ingredient
+statement as "mechanically separated (species)," USDA said.
+    USDA said the petitioning firms claimed companies avoid
+using mechanically separated meat in their products because the
+term carries an "unwarranted negative connotation" in the minds
+of many consumers. The petitioners also noted that no similar
+regulation exists for poultry products.
+    Mechanically separated meat is made by placing carcass
+parts, which usually have been hand-trimmed but still have some
+remaining meat, into specialized processing equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2119" NEWID="13150">
+<DATE> 3-APR-1987 16:29:05.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2311&#31;reute
+u f BC-ADMINISTRATION-SUPPOR   04-03 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADMINISTRATION SUPPORTS RESEARCH TAX CREDIT IDEA</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Assistant Treasury Secretary Roger
+Mentz said the administration supported continuing a tax credit
+for business research expenses after the current 20 pct credit
+expires at the end of next year.
+    Mentz, in testimony before the Senate Finance subcommittee
+on taxation, said the administration was not ready yet to make
+a recommendation to Congress on the appropriate structure, rate
+or duration of the credit.
+    The subcommittee is considering a plan to make the credit
+permanent and raise it to 25 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2120" NEWID="13151">
+<DATE> 3-APR-1987 16:29:53.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2313&#31;reute
+r f BC-IROQUOIS-BRANDS-&lt;IBL>   04-03 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IROQUOIS BRANDS &lt;IBL> REBUFFS LYON FOODS CLAIMS</TITLE>
+<DATELINE>    GREENWICH, Conn, APril 3 - </DATELINE><BODY>Iroquois Brands Ltd said it has
+been sued by Lyon Food Cos Inc which is seeking 2.3 mln dlrs in
+damages in connection with the April 1986 nine mln dlrs
+purchase of Iroquois' former specialty food products segment.
+    Iroquois said that based upon the defenses it will assert,
+it does not believe that any charge against income is required
+as a result of the claim.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2121" NEWID="13152">
+<DATE> 3-APR-1987 16:30:16.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2315&#31;reute
+w f BC-GM&lt;GM>-PONTIAC-DIVISI   04-03 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM&lt;GM> PONTIAC DIVISION SETS SUMMER LEASE PLAN</TITLE>
+<DATELINE>    PONTIAC, MICH., April 3 - </DATELINE><BODY>General Motors Corp's Pontiac
+Division said it is introducing a summer lease merchandising
+program that will run from April Six through August Three.
+    It said the plan features a special GMAC 50-month retail
+schedule with low lease payments on selected Pontiacs.
+    Participating dealers will offer monthly payments starting
+at 179 dlrs for a Pontiac Sunbird, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2122" NEWID="13153">
+<DATE> 3-APR-1987 16:31:24.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2319&#31;reute
+f f FO-MC-FLASH   04-03 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FOMC BRIEFED ON PARIS ACCORD AT FEBRUARY 23 TELEPHONE MEETING, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2123" NEWID="13154">
+<DATE> 3-APR-1987 16:31:27.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2320&#31;reute
+f f FO-MC-FLASH   04-03 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FEBRUARY FOMC VOTED NINE-ONE FOR STEADY POLICY, ASYMMETRIC INTER-MEETING DIRECTIVE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2124" NEWID="13155">
+<DATE> 3-APR-1987 16:31:34.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2321&#31;reute
+f f FO-MC-FLASH   04-03 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FEBRUARY FOMC SET SIX TO SEVEN PCT JAN-MARCH M-2 AND M-3 TARGET, NONE FOR M-1
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2125" NEWID="13156">
+<DATE> 3-APR-1987 16:31:51.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2322&#31;reute
+f f FO-MC-FLASH   04-03 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FEBRUARY FOMC MAINTAINED FOUR TO EIGHT PCT  FEDERAL FUNDS RATE REFERENCE RANGE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2126" NEWID="13157">
+<DATE> 3-APR-1987 16:35:26.86</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2326&#31;reute
+u f BC-FEBRUARY-FOMC-VOTES-U   04-03 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEBRUARY FOMC VOTES UNCHANGED MONETARY POLICY</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>The Federal Open Market Committee at
+its February 10-11 meeting voted nine to one to maintain the
+then-existing degree of reserve restraint, minutes showed.
+    The FOMC issued an asymmetric inter-meeting policy
+directive which gave greater possibility to firmer rather than
+easier policy. The Committee set a six to seven pct January
+through March annualized growth target for M-2 and M-3 and no
+M-1 goal. At the prior meeting in mid-December, the FOMC set a
+seven pct target for M-2 and M-3 for November through March.
+    The February FOMC kept the four to eight pct Federal funds
+rate "reference" range for policy, as in other recent meetings.
+    At a telephone conference on February 23, committee members
+discussed the possible implications of the decisions reached in
+Paris for U.S. intervention in foreign exchange markets. No
+conclusions were contained in the minutes.
+    In its inter-meeting policy directive, the February FOMC
+said that "somewhat greater reserve restraint would, or
+slightly lesser reserve restraint might, be acceptable
+depending on the behavior of the aggregates, taking into
+account the strength of the business expansion, developments in
+foreign exchange markets, progress against inflation, and
+conditions in domestic and international credit markets."
+    The February FOMC voted nine to one for an unchanged
+policy. Thomas Melzer, St Louis Federal Reserve Bank president
+favored some tightening of reserve conditions.
+    He noted the strong growth in bank loans in November
+through January and the firm federal funds rate that had
+prevailed despite the extraordinary pace of reserve growth. He
+also cited the recent declines in the dollar's value.
+    Finally, looking ahead, Melzer pointed out the potential
+for a further rise in inflationary expectations. He believed
+that prompt restraints might avert the need for more
+substantial tightening later.
+    Regarding inter-meeting policy adjustments, the FOMC
+minutes showed, "the members generally felt that policy
+implementation should be especially alert to the potential need
+for some firming of reserve conditions."
+    In this view, the FOMC said somewhat greater reserve
+restraint would be warranted if monetary growth did not slow in
+line with current expectations and there were concurrent
+indications of intensifying inflationary pressures against the
+background of stronger economic data.
+    One indication of potential price pressure might be a
+further tendency for the dollar to weaken.
+    The minutes showed that one member, presumably Melzer,
+preferred a directive that did not contemplate any easing
+during the weeks ahead. However, "most of the members did not
+want to rule out the possibility of some slight easing during
+the inter-meeting period, although they did not view the
+conditions for such a move as likely to emerge."
+    The FOMC members assumed that future fluctuations in the
+dollar's value would not be of sufficient magnitude to have any
+significant effect on the Fed's economic projections. In
+addition, they anticipated that considerable progress would be
+made in reducing the federal budget deficit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2127" NEWID="13158">
+<DATE> 3-APR-1987 16:36:25.80</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2328&#31;reute
+b f BC--FEDERAL-RESERVE-BUSI   04-03 0095</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FEDERAL RESERVE BUSINESS LOAN DATA - APRIL 3
+     One week ended March 25   daily avgs-mlns
+ U.S. Business Loans......280,220 down......971
+ Excluding Acceptances....277,940 down......822
+ Govt, agency securities..112,852 down.......95
+ CDs/major time deposits..158,226 down......175
+ Trading accounts .........17,156 down... 1,058
+ U.S. commercial paper....338,816 down......210
+ Includes financial cos...261,819 down......880
+ New York business loans...64,615 down......122
+ Excluding acceptances.....64,005 down.......41
+ CDs/major time deposits...35,633 down......540
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2128" NEWID="13159">
+<DATE> 3-APR-1987 16:36:52.79</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2331&#31;reute
+b f US-BUSINESS-LOAN-FULLOUT   04-03 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUSINESS LOANS FELL 822 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Business loans on the books of major
+U.S. banks, excluding acceptances, fell 822 mln dlrs to 277.94
+billion dlrs in the week ended March 25, the Federal Reserve
+Board said.
+    The Fed said that business loans including acceptances fell
+971 mln dlrs to 280.22 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2129" NEWID="13160">
+<DATE> 3-APR-1987 16:40:08.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2337&#31;reute
+u f BC-DRUG-COMPANIES-=6-NEW   04-03 0114</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+DRUG COMPANIES =6 NEW YORK
+    Hyman said cosmetics used to be more appealing to drug
+companies, but product lines have matured and competition
+became more fierce. "At one time, the profit margins in these
+businesses were more attractive. The businesses were small and
+had a lot of opportunity to grow," she said.
+    Analysts said drugs, while ultimately subject to patent
+expirations, can be marketed for years without competition from
+generic products. Cosmetics, however, are fad related and there
+are no barriers to competition.
+    Saks said pharmaceutical companies in the last two years
+have been selling non-strategic assets, among them the once
+alluring cosmetics businesses.
+    Pfizer Inc &lt;PFE> and Schering-Plough Corp &lt;SGP> remain
+among the only two drug companies with cosmetics concerns.
+    Schering is committed to its Maybelline cosmetics unit.
+    "We've made a strategic determination as a company that
+cosmetics is a main line business for us, and we want to
+develop it aggressively," the spokesman said. The spokesman
+would not comment on whether Schering would want to add by
+acquisition to that line.
+    Pfizer had no comment, but analyst Ronald Nordmann of
+PaineWebber said he does not believe Pfizer would want to sell
+off its Coty business.
+    Analysts said Elizabeth Arden is one of the more attractive
+cosmetics concerns.
+    Hyman said the company's performance should be in line with
+the expectations for the U.S. industry. She predicts the U.S.
+industry in 1987 will have unit growth of three pct and sales
+growth of six pct.
+    She estimated U.S. cosmetic sales to amount to about two
+billion dlrs annually.
+    Arden had operating profits of 32.6 mln dlrs in 1986 on
+sales of 397.9 mln dlrs.
+   
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2130" NEWID="13161">
+<DATE> 3-APR-1987 16:42:14.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2346&#31;reute
+u f BC-CANADA-AGENCY-SETS-FI   04-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA AGENCY SETS FIRST EURO-YEN OFFERING</TITLE>
+<DATELINE>    OTTAWA, April 3 - </DATELINE><BODY>Canada's state-run Export Development
+Corp said it arranged a 15 billion yen offering of 4-1/2 pct
+notes, due Aug 28, 1992, its first Euro-Yen offering.
+    The redeemable notes, priced at 101-7/8 pct, is being
+offered through Bank of Tokyo International Ltd, Daiwa Europe
+Ltd, Nomura International Ltd, Credit Suisse First Boston Ltd,
+Morgan Stanley International and 19 other institutions.
+    Net proceeds, which have been swapped to U.S. dlrs for
+undislcosed terms, will used to fund loan commitments and other
+purposes. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2131" NEWID="13162">
+<DATE> 3-APR-1987 16:42:25.13</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2347&#31;reute
+r f BC-ARGENTINE-GRAIN-SHIPM   04-03 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE GRAIN SHIPMENTS IN THE WEEK TO APRIL 1</TITLE>
+<DATELINE>    BUENOS AIRES, April 3 - </DATELINE><BODY>The Argentine Grain Board issued
+the following figures covering shipments of major export grains
+in the week to April 1, in tonnes, with comparisons for the
+previous week and the same week in 1986.
+    Bread wheat        235,800    205,700    115,500
+    Maize              158,400    189,000    272,700
+    Sorghum             26,500     18,700     39,900
+    Soybean                nil        nil        nil
+    Sunflowerseed        1,800     18,800        nil
+    Cumulative figures for April 1 and this calendar year, with
+the previous year's figures in brackets, are as follows, in
+thousands of tonnes:
+    Bread wheat        64.3   (44.5),    3,074.4   (2,851.4)
+    Maize              48.3  (107.7),      486.1     (922.4)
+    Sorghum             5.1   (22.2),      108.1     (188.8)
+    Soybean             nil    (nil),        nil       (nil)
+    Sunflowerseed       0.9    (nil),       43.2       (nil)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2132" NEWID="13163">
+<DATE> 3-APR-1987 16:42:30.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2348&#31;reute
+r f BC-TEXAS-AMERICAN-&lt;TXA>   04-03 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AMERICAN &lt;TXA> BANKS TO BE MERGED</TITLE>
+<DATELINE>    FORT WORTH, Texas, April 3 - </DATELINE><BODY>Texas American Bancshares Inc
+said three of its Texas American banks will be merged into
+Texas American Bank/Galleria.
+    The corporation said the Spring Branch, Fonderen and
+Gulfway Texas American banks will become separate banking
+offices of TAB/Galleria.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2133" NEWID="13164">
+<DATE> 3-APR-1987 16:45:25.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2352&#31;reute
+r f BC-ILLINOIS-POWER-&lt;IPC>   04-03 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ILLINOIS POWER &lt;IPC> FILES 50 MLN DLR SHELF</TITLE>
+<DATELINE>    DECATUR, ILL., April 3 - </DATELINE><BODY>Illinois Power Co said it filed a
+shelf registration to issue up to 50 mln dlrs principal amount
+of debt securities. No date for an offering was announced.
+    It said at the time the shelf is issued, the net proceeds
+from this registration and a previous registration, together
+totaling 75 mln dlrs, will be used in part to refund a portion
+of the company's outstanding first mortgage bonds and in part
+to reimburse a part of the funds required in earlier refunding
+activities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2134" NEWID="13165">
+<DATE> 3-APR-1987 16:46:28.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2353&#31;reute
+d f BC-BIW-CABLE-SYSTEMS-INC   04-03 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIW CABLE SYSTEMS INC &lt;BIWC> 4TH QTR LOSS</TITLE>
+<DATELINE>    BOSTON, April 3 -
+    </DATELINE><BODY>Shr loss 1.50 dlrs vs loss 14 cts
+    Net loss 3,395,933 vs loss 318,225
+    Revs 8,963,097 vs 12.6 mln
+    Year
+    Shr loss 2.93 dlrs vs profit two cts
+    Net loss 6,613,327 vs profit 49,421
+    Revs 44.4 mln vs 48.7 mln
+    NOTE: Current periods include 2.2 mln dlr charge for
+possible obsolete inventory and provision of 356,000 dlrs for
+consolidation of cable manufacturing plant.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2135" NEWID="13166">
+<DATE> 3-APR-1987 16:47:39.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2356&#31;reute
+r f BC-EXIMBANK-LOAN-CEILING   04-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXIMBANK LOAN CEILING SET</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>President Reagan set the
+Export-Import Bank's direct loan ceiling in fiscal year 1987 at
+800 mln dlrs, a decrease of 100 mln dlrs.
+    In a letter to Congress, Reagan also said he was not
+seeking any additional legislation to rescind any authority of
+the bank, which aids U.S. exports.
+    Reagan said he had concluded that the statutory 1987 limit
+for Eximbank loan guarantee commitments should not be changed,
+noting that "continued growth in the U.S. economy and global
+recovery could create unexpected demand for guarantees and
+insurance."
+          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2136" NEWID="13167">
+<DATE> 3-APR-1987 16:48:44.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2360&#31;reute
+u f BC-TREASURY-BALANCES-AT   04-03 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED FELL ON APRIL 2</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve fell on April 2 to 3.775 billion dlrs from 4.602
+billion dlrs on the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts fell to 6.493
+billion dlrs from 6.495 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 10.268
+billion dlrs on April 2 compared with 11.097 billion dlrs on
+April 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2137" NEWID="13168">
+<DATE> 3-APR-1987 16:49:06.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2362&#31;reute
+u f BC-DOE-ISSUES-OFFER-TO-B   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOE ISSUES OFFER TO BUY ALASKA POWER UNIT</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The U.S. Energy Department issued a
+request for proposals to buy the Snettisham Hydroelectric
+project, a major part of the Alaska Power Administration.
+    It said invitations were sent to two Alaskan electric
+utilities, the city and borough of Anchorage and the state of
+Alaska.  It did not cite a possible purchase prices.
+    The requests were limited to Alaskan entities because the
+purpose of privatization of the administration was to put the
+local utility into the hands of a local body, the DOE said.
+    It added that proposals are due back by August three.
+    The DOE said it then had 120 days to select a proposal that
+it would recommend to Congress, which then would vote the
+recommendation up or down.
+    Proposals to buy the other major part of the Alaska Power
+Administration, the Eklutna project, was expected to be issued
+in early June, it said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2138" NEWID="13169">
+<DATE> 3-APR-1987 16:51:03.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2369&#31;reute
+r f BC-coal-output   04-03 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COAL PRODUCTION FELL IN LATEST WEEK</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>U.S. output of bituminous coal and
+lignite in the week ended March 28 was estimated at 17.05 mln
+short tons, off 1.6 pct from 17.33 mln in the previous week and
+vs 17.54 mln a year earlier, the Energy Information
+Administration said.
+    In its weekly coal production report, the Energy Department
+agency said year-to-date output was 209.61 mln short tons, down
+7.1 pct from corresponding 1986 output of 225.60 mln.
+    Production of Pennsylvania anthracite was estimated at
+86,000 tons, down 7.5 pct from 93,000 tons a week earlier and
+compared to 59,000 tons in the year-ago week, it said.
+    Year-to-date anthracite output was one mln tons, up 35.8
+pct from the corresponding output of 755,000 tons last year,
+the EIA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2139" NEWID="13170">
+<DATE> 3-APR-1987 16:51:56.13</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2370&#31;reute
+b f BC-IBC-COULD-CLOSE-COFFE   04-03 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC COULD CLOSE MAY EXPORT REGISTRATIONS TONIGHT</TITLE>
+<DATELINE>    RIO DE JANEIRO, April 3 - </DATELINE><BODY>The Brazilian Coffee Institute
+(IBC) could close May export registrations tonight following
+extremely heavy sales today, exporters said.
+    They estimated registrations today at between 1.0 mln and
+1.2 mln 60 kilo bags. Yesterday 645,000 bags were registered.
+    The exporters said over 1.0 mln bags of total registrations
+could have been the declaration of sales made in the six weeks
+during which books were closed. The rest would be new sales.
+    When the IBC opened May registrations from yesterday it did
+not set any volume limit. April registrations opened and closed
+on February 16 when a daily record 1.68 mln bags were declared.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2140" NEWID="13171">
+<DATE> 3-APR-1987 16:55:38.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2376&#31;reute
+r f BC-CONAGRA-&lt;CAG>-TO-PURC   04-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONAGRA &lt;CAG> TO PURCHASE 500,000 COMMON SHARES</TITLE>
+<DATELINE>    OMAHA, April 3 - </DATELINE><BODY>ConAgra Inc said it will buy 500,000
+shares of the company's common stock in the open market.
+    This continues Conagra's program of acquiring treasury
+stock to meet stock option, incentive plan and preferred stock
+conversion obligations, it said.
+    Conagra said its purpose is to use treasury shares for
+these purposes rather than issuing new shares so that earnings
+per share won't be diluted. The company said this is not a
+buy-back program to reduce shares and common equity.
+    Conagra said it has 67.4 common shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2141" NEWID="13172">
+<DATE> 3-APR-1987 16:56:52.51</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2379&#31;reute
+u f BC-peru-consumer-prices   04-03 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU CONSUMER PRICES RISE 5.3 PCT IN MARCH</TITLE>
+<DATELINE>    Lima, april 3 - </DATELINE><BODY>peru's consuemr price index rose 5.3 pct
+last month to 13,914.4 (base 100) following a 5.3 pct increase
+in february and 5.3 pct rise in march 1986, the national
+statistics institute said.
+    It said that the accumulated inflation for the first three
+months of 1987 was 18.5 pct compared to 15.4 pct for the same
+period last year.
+    Inflation for the 12-month period ending march 1987 was
+67.4 pct compared to 120.8 pct for the 12-month period ending
+march 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2142" NEWID="13173">
+<DATE> 3-APR-1987 16:58:13.70</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>soy-oil</D><D>corn</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2388&#31;reute
+r f BC-ARGENTINE-GRAIN/OILSE   04-03 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE GRAIN/OILSEED EXPORT PRICES ADJUSTED</TITLE>
+<DATELINE>    BUENOS AIRES, April 3 - </DATELINE><BODY>The Argentine Grain Board adjusted
+minimum export prices of grain and oilseed products in dlrs per
+tonne FOB, previous in brackets, as follows:
+    Maize 71 (72), grain sorghum 65 (66).      
+    Roasted groundnutseed, according to grain size, 510 (520),
+400 (410), 375 (385), 355 (365).               
+    Soybean pellets for shipments through May 164 (162) and
+June onwards 161 (159).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2143" NEWID="13174">
+<DATE> 3-APR-1987 16:58:33.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2391&#31;reute
+r f BC-WAREHOUSE-CLUB-&lt;WCLB>   04-03 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAREHOUSE CLUB &lt;WCLB> TO TAKE CHARGE</TITLE>
+<DATELINE>    CHICAGO, April 3 - </DATELINE><BODY>Warehouse Club Inc said it expects to
+take a one-time charge of about five mln dlrs on its June 30
+third quarter results from closing of two unprofitable Chicago
+area units.
+    The company said it will continue to operate 12 warehouses
+in Illinois, Indiana, Michigan, Ohio and Pennsylvania.
+    It added that it expects future operating results to be
+improved because of the closing of the two warehouses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2144" NEWID="13175">
+<DATE> 3-APR-1987 16:58:38.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2392&#31;reute
+d f BC-SCI-&lt;SCIS>-BUYS-FORTU   04-03 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCI &lt;SCIS> BUYS FORTUNE &lt;FSYS> COMPUTER ASSETS</TITLE>
+<DATELINE>    BELMONT, Calif., April 3 - </DATELINE><BODY>Fortune Systems Corp and SCI
+Systems Inc said they signed a letter of intent covering the
+purchase of Fortune's microcomputer business assets for an
+unspecified amount of cash.
+    Fortune Systems makes a desktop computer systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2145" NEWID="13176">
+<DATE> 3-APR-1987 16:58:55.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2393&#31;reute
+r f BC-RESIDENTIAL-&lt;RMI>-ISS   04-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESIDENTIAL &lt;RMI> ISSUES 54.3 MLN MORTGAGE</TITLE>
+<DATELINE>    FORT WORTH, Texas, April 3 - </DATELINE><BODY>Residential Mortgage
+Investments Inc's Mortgage Acceptance Inc unit said it is
+offering a 54.3 mln dlrs collaterized mortgage obligation using
+mortgage pass-through certificates evidencing undivided
+interests in pools of conventional mortgage loans on
+single-family residential properties as collateral.
+    It is expected the issue will close on April 28.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2146" NEWID="13177">
+<DATE> 3-APR-1987 17:00:03.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2395&#31;reute
+u f BC-(attn-mesa)   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>venezuelan bank begins signing debt contracts</TITLE>
+<DATELINE>    Caracas, april 3 - </DATELINE><BODY>the central bank began signing contracts
+by which it will provide dollars at a preferential rate for the
+payment of 7.8 billion dlrs of foreign debt, under a new plan
+announced last december.
+    A statement from the bank said twelve companies have
+already been called to sign the agreements and the process is
+expected to continue in the coming weeks.
+    Under the new eight-year repayment plan, private sector
+debtors may obtain dollars at the preferential 7.50 bolivar
+rate by paying a premium of of 3 bolivars on principal and up
+to 1.50 bolivars on interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2147" NEWID="13178">
+<DATE> 3-APR-1987 17:08:12.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2410&#31;reute
+r f BC-U.S.-CABLE-TV-CREDIT   04-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CABLE TV CREDIT UNLIKELY TO IMPROVE, SAYS S/P</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Standard and Poor's Corp said that the
+credit quality of most U.S. cable television companies is
+unlikely to improve in the near term.
+    S and P said that after two years and many delays and
+disappointments, the cable television industry has firmly
+established a net cash generating position.
+    However, rather than using their improved position to
+decrease the leverage of current capital structures, the
+companies' cash flows are being fully leveraged to finance a
+wave of consolidations, S and P said.
+    Many cable television companies exhibit greater financial
+risk because of their asset growth aspirations and
+debt-financed consolidation. That delays a lower risk profile
+for many of them, Standard and Poor's said.
+    The acquisition and financial growth policies of many
+company executives heavily influenced the ratings outlook.
+    Citing aggressive capital structures, acquisitions and cash
+flow coverages of interest expense of between 1.0 and 1.5
+times, S and P noted that the companies are more debt intensive
+now than in their building phase. These factors keep their
+ratings at speculative grades, the agency concluded.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2148" NEWID="13179">
+<DATE> 3-APR-1987 17:08:28.66</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D><D>grain</D><D>wheat</D><D>corn</D><D>palm-oil</D><D>soy-oil</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2411&#31;reute
+u f BC-export-business   04-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPORT BUSINESS - GRAINS/OILSEEDS COMPLEX</TITLE>
+<DATELINE>    CHICAGO, April 3 - </DATELINE><BODY>Grain and oilseed complex export
+business reported since yesterday by government agencies and
+private exporters -
+    Japanese crushers bought 4,000 to 5,000 tonnes of Canadian
+rapeseed in export business overnight for May shipment...Greece
+has agreed to buy 27,000 to 33,000 tonnes of Spanish corn for
+spot shipment, with Italy buying 6,000 to 7,000 tonnes of
+Spanish corn for last/half April shipment, a spokesman for
+cargill's spanish unit said...Taiwan bought 54,000 tonnes of
+U.S. soybeans for April 20/May 5 delivery C and F...
+    (Continued) - The India State Trading Corp bought 20,000
+tonnes of optional origin soybean oil for May 20/June 20
+shipment and 6,000 tonnes of RBD palm olein for April 25/May 25
+shipment at its import tender yesterday...Pakistan rejected
+offers at its tender for 12,000 tonnes of RBD palm oil, but is
+expected to retender next week...The U.S. Department of
+Agriculture (USDA) said it has accepted a bid for an export
+bonus to cover the sale of 50,000 tonnes of U.S. hard red
+winter wehat to Sri Lanka for April 8/16 shipment, with an
+additional 10,000 tonnes of wheat still available to Sri Lanka
+under the Export Enhancement Program (EEP)...
+    (Continued) - The USDA said it has accepted a bid for an
+export bonus to cover the sale of 18,000 tonnes of U.S. durum
+wheat to Algeria for June 20/30 shipment, with an additional
+228,000 tonnes still available to Algeria under the EEP.
+    Tenders - Jordan will tender Monday, April 6, for 225,000
+tonnes of U.S. hard and soft wheats for various April/Nov
+shipments under the EEP.
+    Market talk and comment - The USDA said Turkey has been
+made eligible for the sale of up to 70,000 tonnes of medium
+grain milled rice under the EEP...
+    Market talk and comment (continued) - The USDA announced
+Colombia has been made eligible for sale of up to 15,000 tonnes
+of U.S. barley malt under the EEP...The Canadian Grain
+Commission reported Canadian wheat exports in the week ended
+March 29 totalled 447,200 tonnes, compared with 277,700 the
+previous week, with 1986/87 season exports so far up to
+10,228,600 tonnes versus 10,637,500 for the 1985/86 season,
+with barley exports 38,800 tonnes, 106,700 tonnes, 4,804,500
+and 1,892,600 respectively, rapeseed 43,900 tonnes, 50,700
+tonnes, 1,292,600 and 920,000 respectively and flaxseed 20,700
+tonnes, 13,600 tonens, 450,900 and 392,600 respectively...
+    Market talk and comment (continued) - Pakistan is not
+emerging as a major wheat exporter as World market prospects
+are not good enough, a government official said...Active
+timecharter fixing by Soviet operators to cover USSR grain
+imprts featured the ocean freight market this morning, ship
+brokers said...Dry cargo futures on the BIFFEX extended
+yesterday's strong advance, with sharp gains of 22 to 17 points
+in response to rumors of higher rates for grain business from
+the U.S. Gulf to Japan, dealers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2149" NEWID="13180">
+<DATE> 3-APR-1987 17:09:05.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2414&#31;reute
+u f BC-CULLEN/FROST-&lt;CFBI>-T   04-03 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CULLEN/FROST &lt;CFBI> TO OMIT DIVIDEND</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, April 3 - </DATELINE><BODY>Cullen/Frost Bankers Inc said
+it will defer paying a cash dividend for the next 12 months,
+due to the economic slump in the Texas economy. It previously
+paid a five cents a share dividend in recent quarters.
+    It also said its first quarter earnings ended March 31,
+which it said it will release later this month, will be similar
+to its fourth quarter earnings last year.
+    In 1986 the company reported a loss of 6,565,000 dlrs or 91
+cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2150" NEWID="13181">
+<DATE> 3-APR-1987 17:09:53.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2418&#31;reute
+d f BC-NELSON-TO-EXPAND-VIDE   04-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NELSON TO EXPAND VIDEO VENDING</TITLE>
+<DATELINE>    TORONTO, April 3 - </DATELINE><BODY>&lt;Nelson Holdings International Ltd> said
+it plans to expand the marketing of its video vending machines,
+which have been tested successfully in Toronto.
+    The machines, which can contain up to 400 videocassettes,
+have been placed in convenience stores and gas stations for the
+past nine months.
+    Nelson said it now has machines in about 50 locations in
+Toronto and will expand its sales effort across Canada this
+year.
+    The vending machines allow customers to rent a
+videocassette, using a credit card, and return the cassette to
+the same machine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2151" NEWID="13182">
+<DATE> 3-APR-1987 17:11:46.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2424&#31;reute
+u f BC-ROSPATCH   04-03 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR GROUP CUTS ROSPATCH &lt;RPCH> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>A group of New York investors said it
+lowered its stake in Rospatch Corp to 170,250 shares, or 7.0
+pct of the total outstanding common stock, from 202,108 shares,
+or 8.3 pct.
+    In a filing with the Securities and Exchange Commission,
+the group said it sold a net 31,858 shares of Rospatch common
+stock between February  2 and March 31 at prices ranging from
+21.50 to 25.13 dlrs a share.
+    The group includes Brookehill Equities Inc, a brokerage
+firm, and Moore, Grossman and deRose Inc, an investment
+advisor.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2152" NEWID="13183">
+<DATE> 3-APR-1987 17:11:58.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f2425&#31;reute
+u f BC-CANADIAN-BONDS-CLOSE   04-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN BONDS CLOSE SLIGHTLY LOWER</TITLE>
+<DATELINE>    TORONTO, April 3 - </DATELINE><BODY>Canadian bonds closed slightly lower on
+market jitters amplified by rumors that a big holder of
+domestic bonds was selling early in the day, dealers said.
+    The market had opened 1/4 to 3/8 point stronger on news of
+unexpectedly weak U.S. employment data for March, but the
+advance sparked profit-taking which forced prices down about
+1/4 point on the day. Rumors of a major seller were not
+confirmed but some traders felt limited potential for further
+Canadian dollar gains might be taking some of the shine off
+domestic bonds. The benchmark Canada 9-1/2 pct of 2001 ended at
+106-1/4 3/8 and the 8-1/2 pct of 2011 at 97-1/4 1/2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2153" NEWID="13184">
+<DATE> 3-APR-1987 17:12:38.81</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2427&#31;reute
+r f AM-colombia-oil   04-03 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA'S MAIN OIL PIPELINE ATTACKED</TITLE>
+<DATELINE>    BOGOTA, April 3 - </DATELINE><BODY>State-run oil company Ecopetrol said
+Colombia's main oil pipeline was bombed again and pumping of
+170,000 barrels per day was suspended.
+    A spokeswoman for the company said that the early morning
+dynamite attack was the 31st in the last nine months on the
+Cano Limon-Covenas pipeline, which links Colombia's biggest
+oilfied at Cravo Norte to the Caribbean.
+    She said about 2,000 barrels of crude were spilled and
+could not indicate when pumping would resume. The attack was
+near Magangue in northeastern Bolivar province.
+    Ecopetrol is exploiting Cravo Norte in association with
+Occidental Petroleum Corp &lt;OXY> and Shell Petroleum N.V., a
+unit of the Royal Dutch/Shell Group &lt;RD> &lt;ST>.
+    Ecopetrol said in a communique that bombings since last
+July led to a loss of more than 110,000 barrels of crude, or
+the equivalent of 10 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2154" NEWID="13185">
+<DATE> 3-APR-1987 17:16:21.87</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2434&#31;reute
+u f BC-/U.S.-DEFENDS-STOCKPI   04-03 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DEFENDS STOCKPILED TIN SALES IN 1986</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The United States defended its sales
+of stockpiled tin in 1986 in reaction to criticism from
+Malaysian miners who have said it violated an agreement with
+southeast Asian producers.
+    "The United States has continued to abide by the spirit of
+the memorandum of understanding and has consulted with the
+ASEAN states on GSA tin disposals," a State Department spokesman
+said in a statement.
+    "The views of the ASEAN governments have been taken into
+account in determining disposal levels," the statement said.
+    The United States and the ASEAN countries signed a
+memorandum of understanding concerning tin disposals by the
+U.S. General Services Administration (GSA) in December 1983.
+    In its latest annual report, the States of Malaya Chamber
+of Mines said the GSA sold 5,490 tonnes of tin in 1986, well
+above an agreed upon annual limit of 3,000 tonnes. "The United
+States appears to have lost sight of the U.S./ASEAN Memorandum
+of Understanding," it said.
+    The State Department statement said GSA tin disposals
+increased in calendar year 1986 due to changed market
+conditions. During the first quarter of calendar year 1987,
+they have been running at a lower rate compared to 1986.
+    The spokesman declined to say how much stockpiled tin the
+GSA sold last year, however.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2155" NEWID="13186">
+<DATE> 3-APR-1987 17:16:37.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2436&#31;reute
+u f BC-LOCTITE-&lt;LOC>-SEES-BE   04-03 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOCTITE &lt;LOC> SEES BETTER THAN EXPECTED NET</TITLE>
+<DATELINE>    NEWINGTON, Conn., April 3 - </DATELINE><BODY>Loctite Corp said it expects
+third quarter earnings to be higher than security analysts'
+forecasts of 75 to 80 cts a share.
+    Last year the company earned 53 cts per share in the third
+quarter.
+    It attributed its better than expected forecast to sales
+growth, which it said were particularly strong overseas. It
+also said it will have a lower effective tax rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2156" NEWID="13187">
+<DATE> 3-APR-1987 17:17:49.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2438&#31;reute
+u f BC-TIME-&lt;TL>-SEES-DILUTI   04-03 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIME &lt;TL> SEES DILUTION FROM SCOTT, FORESMAN</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Time Inc said the acquisition of Scott,
+Foresman and Co last year will dilute earnings per share by
+about 17 cts a share for the full year in 1987.
+    For the first quarter the acquisition will have a negative
+impact of about 20 cts per share, chief financial officer
+Thayer Bigelow told security analysts.
+    He said Scott, Foresman, a textbook publisher, will
+contribute more than 50 mln dlrs in operating income before
+depreciation and amortization for the full year.
+    N.J. Nicholas, president and chief operating officer, said
+Soctt Foresman will have over 200 mln dlrs in revenue in 1987.
+    Bigelow said the textbook business, which normally has its
+highest profit in the third quarter and incurs a loss in the
+first quarter, will have an "adverse impact of 15 mln dlrs' on
+book publishing income for the first quarter.
+    "First quarter performance for the rest of Time Inc will be
+better than last year," Bigelow said.
+    The dilution of 17 cts per share for 1987 includes the
+effects of financing the acquisition. Bigelow also said the
+company is "comfortable" with estimates that earnings will be
+between 3.75 dlrs and 4.25 dlrs per share for the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2157" NEWID="13188">
+<DATE> 3-APR-1987 17:19:54.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2444&#31;reute
+r f BC-CYACQ-TERMINATES-TEND   04-03 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYACQ TERMINATES TENDER FOR CYLCOPS &lt;CLY></TITLE>
+<DATELINE>    DAYTON, OHio, April 3 - </DATELINE><BODY>CYACQ Corp said it terminated its
+February six tender offer for Cyclops Corp.
+    CYACQ was unsuccessfully bid against Dixons Group Plc for
+control of Cyclops. As of March 27, Dixons Group Plc had
+acquired more than 80 pct the stock under an increased tender
+offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2158" NEWID="13189">
+<DATE> 3-APR-1987 17:24:22.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2447&#31;reute
+u f BC-MYERS   04-03 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR LIFTS MYERS &lt;MYR> STAKE TO 12.1 PCT</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Leonard Chavin, a Chicago real estate
+developer who has said he is considering seeking control of
+L.E. Myers Co Group, said he raised his stake in the company to
+273,100 shares, or 12.1 pct, from 219,600, or 9.7 pct.
+    In a filing with the Securities and Exchange Commission,
+Chavin said he bought 53,500 Myers common shares between March
+10 and 31 at prices ranging from 5-1/2 to six dlrs a share.
+    Last January, Chavin said he retained investment banker
+R.G. Dickinson and Co to advise him on his Myers stock
+dealings. He has also said he would be unable to seek control
+of Myers unless he gets financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2159" NEWID="13190">
+<DATE> 3-APR-1987 17:25:20.97</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2448&#31;reute
+b f BC-IBC-REGISTERS-1.4-MLN   04-03 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC REGISTERS 1.4 MLN BAGS OF EXPORT SALES</TITLE>
+<DATELINE>    RIO DE JANEIRO, April 3 - </DATELINE><BODY>The Brazilian Coffee Institute
+today registered 1.4 mln 60 kilo bags of green coffee for May
+shipment, an IBC statement said.
+    This brings the total in the two days registrations have
+been open to 2.05 mln, including 4,868 bags of soluble.
+    Today's registrations comprised 1,076,226 bags to members
+and 326,259 to non-members of the International Coffee
+Organisation. No soluble sales were registered today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2160" NEWID="13191">
+<DATE> 3-APR-1987 17:32:08.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2459&#31;reute
+u f BC-U.S.-COMPANY-EARNINGS   04-03 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COMPANY EARNINGS HIGHLIGHTS</TITLE>
+<DATELINE>    New York, april 3 - </DATELINE><BODY>First Quarter
+ Anchor Financial Corp shr 31 cts vs 31
+ Nine Months
+ Biomet Inc shr 49 cts vs 36
+ Federal Co shr 3.55 dlrs vs 1.66
+ Richardson Electronics shr 59 cts vs 53
+ Year
+ Eac Industries Inc oper shr loss 65 cts vs
+ loss 97 cts
+ Fine Art Acquisitions shr 15 cts vs 10
+ Mangood Corp oper shr loss 6.07 dlrs vs  loss  7.64
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2161" NEWID="13192">
+<DATE> 3-APR-1987 17:32:14.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2460&#31;reute
+u f BC-FREEDOM-SAVINGS-AND-L   04-03 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEDOM SAVINGS AND LOAN ASS'N &lt;FRDM> YEAR END</TITLE>
+<DATELINE>    TAMPA, Fla., April 3 -
+    </DATELINE><BODY>Shr loss 31.09 dlrs vs loss 1.86 dlrs
+    Net loss 112.7 mln vs loss 5.5 mln
+    NOTE: 1986 loss includes operating loss of 109.4 mln dlrs
+or 30.21 dlrs a share, including an additional loan loss
+provision of 68 mln dlrs, write downs in the value of real
+estate of 13 mln dlrs and an extraordinary loss of 3.3 mln dlrs
+for early retirement of long-term debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2163" NEWID="13193">
+<DATE> 3-APR-1987 17:36:20.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2467&#31;reute
+u f BC-BAKER-&lt;BKO>,-HUGHES-T   04-03 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER &lt;BKO>, HUGHES TOOL &lt;HT> SIGN U.S. DECREE</TITLE>
+<DATELINE>    HOUSTON, Texas, April 3 - </DATELINE><BODY>Baker International Corp and
+Hughes Tool Co said they signed a consent decree with the U.S.
+department of justice, resolving the department's objections to
+their merger.
+    The companies also said the signing cleared the way for
+their merger completed today. In the decree, Baker agreed to
+sell certain rock bit and electric submersible pump assets to
+resolve the Department's complaints.
+    The new company will be called Baker Hughes Inc. On monday,
+April 6, it will begin trading under the symbol &lt;BHI>, they
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2164" NEWID="13194">
+<DATE> 3-APR-1987 17:37:50.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2470&#31;reute
+u f BC-RADIATION-SYSTEMS   04-03 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR MULLS KAPPA&lt;KPA>-RADIATION&lt;RADS> MERGER</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Michael Krupp, a Golden, Colo.,
+businessman and major shareholder of Kappa Networks Inc, said
+he and Kappa's management are considering seeking a merger
+between Kappa and Radiation Systems Inc.
+    In a filing with the Securities and Exchange Commission,
+Krupp said companies he controls and Kappa acquired a combined
+292,000 Radiation System shares, or 5.25 pct of the total.
+    Krupp, who has a 24.4 pct stake in Kappa, said he and Kappa
+management believe a Kappa-Radiation Systems combination would
+be good for both companies. But no decision has been made on
+whether or how to proceed with a merger attempt, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2165" NEWID="13195">
+<DATE> 3-APR-1987 17:39:57.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2472&#31;reute
+r f BC-OLIN-&lt;OLN>-UNIT-ACQUI   04-03 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIN &lt;OLN> UNIT ACQUIRES IMAGE TECHNOLOGY</TITLE>
+<DATELINE>    WEST PATERSON, N.J., APril 3 - </DATELINE><BODY>Olin Corp's Olin Hunt
+Specialty Products Inc said it acquired Image Technology Corp
+for undisclosed terms.
+    Image Technology makes chemicals for the semiconductor
+industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2166" NEWID="13196">
+<DATE> 3-APR-1987 17:42:11.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2477&#31;reute
+d f BC-KEY-CENTURION-&lt;KEYC>   04-03 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEY CENTURION &lt;KEYC> TO BUY BANK OF BUCKHANNON</TITLE>
+<DATELINE>    CHARLESTON, W. VA., April 3 - </DATELINE><BODY>Key Centurion Bancshares Inc
+said it reached an agreement in principle to acquire Central
+National Bank of Buckhannon, in W. Virginia.
+    Terms call for an exchange of 2.75 shares of Centurion
+shares for each share of Central National. The transaction is
+valued at 16.2 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2167" NEWID="13197">
+<DATE> 3-APR-1987 17:44:57.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2481&#31;reute
+u f BC-STURM,-RUGER-SUBMITS   04-03 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STURM, RUGER SUBMITS BID FOR SMITH AND WESSON</TITLE>
+<DATELINE>    SOUTHPORT, Conn, APril 3 - </DATELINE><BODY>Sturm, Ruger and Co Inc said it
+submitted a bid in excess of 60 mln dlrs for Smith and Wesson,
+a manufacturer of law enforcement firearms, and a unit of Lear
+Siegler.
+    Smith and wesson is among a number of companies being sold
+by Forstman and Little after its recent acquisition of Lear
+Siegler.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2168" NEWID="13198">
+<DATE> 3-APR-1987 17:46:21.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2483&#31;reute
+f f BC-RIO-DE-JANEIRO---IBC   04-03 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RIO DE JANEIRO - IBC closes export registrations - exporters.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2169" NEWID="13199">
+<DATE> 3-APR-1987 17:47:37.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2484&#31;reute
+r f BC-FREEDOM-SAVINGS-&lt;FRDM   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEDOM SAVINGS &lt;FRDM> MAY SEEK SALE OR MERGER</TITLE>
+<DATELINE>    TAMPA, Fla., April 3 - </DATELINE><BODY>Freedom Savings and Loan Association
+said it may seek a possible sale or merger of the association
+as it reported a net loss of 112.7 mln dlrs or 31.09 dlrs a
+share for 1986.
+    The loss included a number of charges, including additions
+to its loan loss provision of 68 mln dlrs and write-downs on
+the value of its real estate of 13 mln dlrs.
+    It said it is continuing to work with investment bankers to
+find sources of new capital, return its non-performing assets
+to earning status, and reduce operating expenses and
+liabilities, among other things.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2170" NEWID="13200">
+<DATE> 3-APR-1987 17:49:03.54</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2485&#31;reute
+u f BC-BRAZIL-MAKES-SECOND-A   04-03 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL MAKES SECOND AMAZON OIL DISCOVERY</TITLE>
+<DATELINE>    BRASILIA, April 3 - </DATELINE><BODY>The Brazilian state oil company
+Petrobras has made a second oil discovery in the Amazon region,
+President Jose Sarney said.
+    He said the well had an initial flow of 150,000 cubic
+meters of gas and 220 barrels of oil per day. It is situated 14
+kilometres from the first well to be discovered in the region
+last year, which is currently yielding 500,000 cubic meters of
+gas and 900 barrels of oil daily.
+    The wells, the biggest onshore well in the country, are on
+the banks of the river Uruc in the Amazon basin 3,600
+kilometres (2,250 miles) north of Brasilia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2171" NEWID="13201">
+<DATE> 3-APR-1987 17:49:17.26</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2486&#31;reute
+b f BC-IBC-CLOSES-COFFEE-EXP   04-03 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC CLOSES EXPORT REGISTRATIONS - EXPORTERS</TITLE>
+<DATELINE>    RIO DE JANEIRO, April 3 - </DATELINE><BODY>The Brazilian Coffee Institute
+(IBC) tonight closed export registrations, exporters said.
+    They said they heard of the closure from IBC officials but
+no officials could be reached immediately for confirmation.
+    Earlier an IBC statement said registrations for May, the
+only month which was open, today totalled 1.4 mln bags of 60
+kilos to bring the total registered for the month to 2.05 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2172" NEWID="13202">
+<DATE> 3-APR-1987 17:49:44.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2487&#31;reute
+r f BC-ARDEN-GROUP-&lt;ARDN>-AM   04-03 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARDEN GROUP &lt;ARDN> AMENDS CERTIFICATE</TITLE>
+<DATELINE>    LOS ANGELES, APril 3 - </DATELINE><BODY>Arden Group Inc said stockholders
+approved the redesignation of its common stock as Class A and
+the issuance of a new class B common stock.
+    The class B has super-voting rights, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2173" NEWID="13203">
+<DATE> 3-APR-1987 17:50:06.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2488&#31;reute
+h f BC-TELEBYTE-TECHNOLOGY-I   04-03 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEBYTE TECHNOLOGY INC &lt;TBTI> YEAR</TITLE>
+<DATELINE>    GREENLAWN, N.Y., APril 3  -
+    </DATELINE><BODY>Shr loss 10 cts vs loss 13 cts
+    Net loss 197,779 vs loss 245,190
+    Revs 4.0 mln vs 3.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2174" NEWID="13204">
+<DATE> 3-APR-1987 17:50:27.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2489&#31;reute
+s f BC-HOUSTON-OIL-ROYALTY-T   04-03 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSTON OIL ROYALTY TRUST &lt;RTH> DISTRIBUTION</TITLE>
+<DATELINE>    HOUSTON, APril 3 -
+    </DATELINE><BODY>MONTHLY dist 2.1 cts vs 2.1 cts prior
+    Payable April 25
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2175" NEWID="13205">
+<DATE> 3-APR-1987 17:51:06.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2490&#31;reute
+h f BC-PUBLISHERS-EQUIPMENT   04-03 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLISHERS EQUIPMENT &lt;PECN>, TRENTONIAN IN DEAL</TITLE>
+<DATELINE>    DALLAS, April 3 - </DATELINE><BODY>Publishers Equipment Corp said it reached
+an agreement to incorporate flexo printing technology into The
+Tentonian, an Ingersoll newspaper in Trenton, N.J.
+    It said that mid-1988 will be the target date for start-up
+for the new equipment which will double the size of its present
+press.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2176" NEWID="13206">
+<DATE> 3-APR-1987 17:52:54.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2491&#31;reute
+u f BC-GENCORP   04-03 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GABELLI GROUP CUTS GENCORP &lt;GY> STAKE TO 6.3 PCT</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>A group led by New York investor
+Mario Gabelli told the Securities and Exchange Commission it
+cut its stake in Gencorp Inc to 1,410,184 shares, or 6.3 pct of
+the total, from 1,626,233 shares, or 7.3 pct.
+    The Gabelli group said it sold 216,049 Gencorp common
+shares between March 20 and 30 at prices ranging from 108.75 to
+114.75 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2177" NEWID="13207">
+<DATE> 3-APR-1987 17:54:18.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2492&#31;reute
+d f BC-INTERNATIONAL-TELECHA   04-03 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL TELECHARGE IN PUBLIC OFFERING</TITLE>
+<DATELINE>    DALLAS, APril 3 - </DATELINE><BODY>INternational Telecharge INc said it
+filed a registration statement with the Securities and Exchange
+Commission for a public offering of one mln shares of common
+stock.
+    Proceeds will be used for general purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2162" NEWID="13208">
+<DATE> 3-APR-1987 17:55:54.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2493&#31;reute
+u f BC-U.S.-TREASURY-MARKET   04-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY MARKET ENDS SHARPLY HIGHER</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>The U.S. Treasury market ended sharply
+higher, reassured by news that the Federal Open Market
+Committee voted in February to maintain the then-existing
+degree of restraint on bank reserves, dealers said.
+    News of a weaker-than-expected March employment report and
+a minor bounce back in the dollar prompted short-covering that
+pushed coupon issues higher, while an easing in the Federal
+funds rate below six pct helped short-dated issues.
+    The key 7-1/2 pct 30-year Treasury bond price finished 3/4
+higher at 95-27/32, pushing the yield down to 7.86 pct from
+7.93 pct yesterday.
+    Danuta Zielonka of Wertheim Schroder Co Inc said that
+recent slowing in the growth of the monetary aggregates is a
+another factor arguing against firmer Fed policy.
+    "Money growth has been slowing perceptibly in March which
+should give them more room to not tighten," she said. "Both M2
+and M3 are will be at the low end of their target ranges in
+March."
+    "The FOMC minutes are neutral for the bond market,"
+Zielonka said. "Dollar considerations will prevent them from
+easing anytime soon, but they can't tighten with the economy
+weak and the banks having to deal with Brazil."
+    Doubts on the economy's strength were underscored not only
+by a smaller-than-expected 164,000 gain in March non-farm
+payrolls, but also by a downward revision in February's gain to
+236,000 from a previously reported 337,000.
+    The market's initial reaction to the data was restrained by
+fears the employment news would undermine the dollar, but when
+the dollar maintained a firm tone, the bond market extended its
+gains.
+    Profit-taking pulled bond prices down from the day's highs,
+but a record close in the U.S. stock market stimulated buying
+late in the day that offset this somewhat.
+    Still, coupon issues were unable to recover completely from
+this week's steep losses as trade tensions between the U.S. and
+Japan pressured the dollar and discouraged Japanese investors
+from buying U.S. Treasury bonds.
+    The current 7-1/2 pct Treasury bond traded down to 94-11/32
+in Tokyo this week, pushing the yield to 7.98 pct. This capped
+the U.S. 1987 high yield on the 30-year bond of 7.93 pct, seen
+yesterday.
+    Treasury bills advanced on the week. The six-month bills
+rose one basis point, but three-month bills fell 17 basis
+points and the year bill fell two basis points.
+    Dealers said that the sharp drop in three-month bills
+resulted in part from recent outright bill purchases for a
+customer, believed to be related to heavy intervention by
+foreign central banks to support the dollar.
+    A drop in the Fed funds rate to 5-15/16 today underpinned a
+decline in bill rates. It traded at this level throughout the
+session, down from yesterday's 6.14 pct average.
+    Three-month bills closed two basis points lower at 5.48 pct
+bid. Six- and 12-month bills both dropped nine basis points to
+respective bids of 5.70 pct and 5.75 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2178" NEWID="13209">
+<DATE> 3-APR-1987 17:56:10.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2495&#31;reute
+d f BC-KENNER-PARKER-&lt;KPT>-C   04-03 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENNER PARKER &lt;KPT> CONCLUDES TWO SUITS</TITLE>
+<DATELINE>    BEVERLY, Mass, April 3 - </DATELINE><BODY>Kenner Parker Toys Inc's Parker
+Brothers said it obtained injunctions in two trademark
+infringement cases.
+    One action was brought against Kits Games, which planned to
+market a game called Worldopoly, which was very similar to
+Kenner's Monopoly.
+    The second case was brought against Citigames of America
+Inc which marketed a game called Hometown Monopoly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2179" NEWID="13210">
+<DATE> 3-APR-1987 18:00:09.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2497&#31;reute
+u f BC-GABELLI-EXPLAINS-SALE   04-03 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GABELLI EXPLAINS SALE OF GENCORP &lt;GY> SHARES</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Mario Gabelli, head of New York
+investment firm Mario Gabelli and Co, said he sold some shares
+of GenCorp Inc &lt;GY> as part of a "portfolio rebalancing"
+process to meet the needs of his more than 600 clients.
+    He said as the stock moved up following acquisition
+proposals from a group formed by AFG Industries Inc &lt;AFG> and
+Wagner and Brown, some of his clients were overweighted.
+    Regarding the company's shareholders meeting Tuesday,
+Gabelli told Reuters, "there was nothing said that caused me to
+sell or buy." He still thinks "values are 140 dlrs per share or
+more" and has clients that asked to buy more.
+    Gabelli said he amended certain filings with the Securities
+and Exchange Commission because his clients are now passive
+investors. "We wanted to remove our clients from the process
+unfolding between GenCorp and Wagner and Brown," he said.
+    He said he was pleased that chairman A. William Reynolds
+stated at the meeting that he found the concept of greenmail to
+be "repugnant." Greenmail refers to a corporation buying out a
+shareholder at a premium not available to others.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2180" NEWID="13211">
+<DATE> 3-APR-1987 18:00:58.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2501&#31;reute
+u f BC-FIRST-WESTERN   04-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR BOOSTS FIRST WESTERN &lt;FWES> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Poul Erik Moller, a Santa Monica,
+Calif., investor said he raised his stake in First Western
+Financial Corp to 412,000 shares, or 6.5 pct of the total
+outstanding common stock, from 347,000 shares, or 5.5 pct.
+    In a filing with the Securities and Exchange Commission
+Moller said he bought 65,000 First Western common shares
+between Jan 20 and March 26 at prices ranging from 10.000 to
+10.625 dlrs a share.
+    Moller said he bought the stock as a long-term investment
+and may buy more, but has no plans to seek control of the
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2181" NEWID="13212">
+<DATE> 3-APR-1987 18:01:43.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2503&#31;reute
+u f BC-FIRST-WESTERN   04-03 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR BOOSTS FIRST WESTERN &lt;FWES> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>Poul Erik Moller, a Santa Monica,
+Calif., investor said he raised his stake in First Western
+Financial Corp to 412,000 shares, or 6.5 pct of the total
+outstanding common stock, from 347,000 shares, or 5.5 pct.
+    In a filing with the Securities and Exchange Commission
+Moller said he bought 65,000 First Western common shares
+between January 20 and March 26 at prices ranging from 10.000
+to 10.625 dlrs a share.
+    Moller said he bought the stock as a long-term investment
+and may buy more, but has no plans to seek control of the
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2182" NEWID="13213">
+<DATE> 3-APR-1987 18:02:32.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2504&#31;reute
+r f BC-YUGOSLAVIAN-BANK-GETS   04-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIAN BANK GETS 90 MLN DLR WORLD BANK LOAN</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The World Bank said it approved a 90
+mln dlr loan to Yugoslavia's third largest bank to support a
+project promoting energy conservation and substituting
+lower-cost energy sources for present sources.
+    It said the loan consists of a credit line to Ljubljanska
+Banka, Ljubljana (LBL), to finance a project expected to
+improve industrial competitiveness and reduce energy imports,
+easing the country's current balance-of-payments difficulties.
+    The loan will also support development of technical
+capabilities for energy audit work and strengthen the financial
+and institutional capability of LBL, the Bank said.
+    The Bank said the project will benefit small and
+medium-sized industries, primarily in Yugoslavia's Republic of
+Slovenia.
+    It said 600,000 dlrs of the loan will cover the foreign
+exchange costs of consultancy services, equipment and training
+abroad for technical and financial personnel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2183" NEWID="13214">
+<DATE> 3-APR-1987 18:05:00.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2507&#31;reute
+d f BC-&lt;COMTERM-INC>-YEAR-JA   04-03 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;COMTERM INC> YEAR JAN 31 LOSS</TITLE>
+<DATELINE>    MONTREAL, April 3 -
+    </DATELINE><BODY>Oper shr loss 30 cts vs profit eight cts
+    Oper net loss 5,887,996 vs profit 1,620,312
+    Revs 32.4 mln vs 48.5 mln
+    Note: 1987 net excludes extraordinary gain of 2.7 mln dlrs
+or 14 cts shr from settlement of provision for discontinued
+operations vs yr-ago tax gain of 562,248 dlrs or three cts shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2184" NEWID="13215">
+<DATE> 3-APR-1987 18:05:55.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2508&#31;reute
+r f BC-PENNSYLVANIA-BLUE-CRO   04-03 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNSYLVANIA BLUE CROSS TO PAY FOR AIDS TESTING</TITLE>
+<DATELINE>    HARRISBURG, April 3 - </DATELINE><BODY>Capital Blue Cross and Pennsylvania
+Blue Shield said they will pay for diagnostic testing for their
+subscribers who may be infected with the AIDS virus because
+they received blood transfusions before 1985.
+    The Blue Cross Blue Shield Association, a coordinating body
+for the insurer's plans, said it had no nationwide policy
+towards AIDS testing for transfusion recipients concerned they
+were infected with the AIDS virus.
+    An association spokesperson said routine screening for AIDS
+was not covered by Blue Cross/Blue Shield. Blue Cross and Blue
+Shield cover about 75 mln people nationwide.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2185" NEWID="13216">
+<DATE> 3-APR-1987 18:07:07.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2510&#31;reute
+u f BC-/U.S.-CAR-SALES-RECOV   04-03 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CAR SALES RECOVER FROM JANUARY BLAHS</TITLE>
+<AUTHOR>    By Philip Barbara, Reuters</AUTHOR>
+<DATELINE>    DETROIT, April 3 - </DATELINE><BODY>Sales of U.S.-built new cars surged
+during the last 10 days of March to the second highest levels
+of 1987, indicating that car buying may have fully rebounded
+from its January slump.
+    Sales of imports, meanwhile, fell for the first time in
+years, succumbing to price hikes by foreign carmakers.
+    For the ten-day March 21-31 period, domestic automakers
+sold 282,358 new cars, up 19.3 pct from late March 1986, giving
+the industry an annualized sales rate of 8.1 mln cars. That
+rate a year ago was 6.9 mln cars.
+    "The last 10 days of March was the second strongest 10-day
+period we've had this year," said David Healy at Drexel Burnham
+Lambert.
+    "We've had a slow recovery since January, and these latest
+figures build on that. This lends some encouragement to the
+idea that we're looking at a pretty strong year," he said.
+    In early February sales were up briefly to 8.3 mln units on
+an annual basis, before dropping again.
+    Car buyers had rushed to dealer showrooms in December to
+take advantage of expiring tax deductions, taking away from
+normal January selling.
+    But a slowly expanding economy, an exploding stock market
+and a growing array of incentives have lured customers to
+dealers' showrooms, analysts said.
+   Ford Motor Co &lt;F> sales jumped 29.5 pct in the period to
+79,249 cars from 61,169 a year ago. For the month, the nation's
+second largest carmaker said sales increased 17.8 pct to
+197,328 compared to 167,490.
+    Chrysler Corp &lt;C> reported a 20.2 pct sales jump to 40,454
+compared with 33,669. In all of March it sold 96,649, up 6.3
+pct from 90,945.
+    Industry giant General Motors's sales rose a more modest
+6.2 pct for late March to 140,522 verses 132,298 last year. But
+sales for the full month dropped 5.6 pct to 349,578 from
+370,390.
+    Also helping the U.S.-based industry, analysts said, is the
+slackening demand for imports, which suffered the first sales
+decline in memory.
+    "Imports will need more and more sales incentives, a
+phenomenon unheard of two years ago," said Scott Merlis at
+Morgan Stanley. "Import prices have risen 17 pct on average, so
+they've become more sensitive to weaker demand in general."
+    General Motors market share for the period fell to 48.2
+pct, below the 51 pct for the first three months of the year
+and far below the 56 pct of most of last year.
+    Ford's market share was 28.1 pct, up from 27.7 pct for the
+first three months, while Chrysler's share was 14.3 pct, a rise
+from 13.7 pct since the start of the year.
+    Falling market share at General Motors apparently prompted
+the company to decide this week to close six plants for a week
+to bring supply into line with demand.
+    But Ronald Glantz at Montgomery Securities said further
+production cuts might be necessary.
+    "While GM has just taken 100,00 units out of second quarter
+production already because of weak sales, the continuation of
+this weakening market share suggests another production cutback
+is likely," Glantz said.
+    Other carmakers with U.S plants posted these results during
+the March 21 to 31 period -- American Motors Corp &lt;AMC> 1,198,
+down 50 pct, Volkswagen 2,145, down from 3,342, American Honda
+16,635, up from 6,358, and Nissan 4,635, up from 2,536.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2186" NEWID="13217">
+<DATE> 3-APR-1987 18:08:09.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2511&#31;reute
+d f BC-YUGOSLAVIAN-BANK-GETS   04-03 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIAN BANK GETS 90 MLN DLR WORLD BANK LOAN</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The World Bank said it approved a 90
+mln dlr loan to Yugoslavia's third largest bank to support a
+project promoting energy conservation and substituting
+lower-cost energy sources for present sources.
+    It said the loan consists of a credit line to Ljubljanska
+Banka, Ljubljana (LBL), to finance a project expected to
+improve industrial competitiveness and reduce energy imports,
+easing the country's current balance-of-payments difficulties.
+    The Bank said the project will benefit small and
+medium-sized industries, primarily in Yugoslavia's Republic of
+Slovenia.
+    It said 600,000 dlrs of the loan will cover the foreign
+exchange costs of consultancy services, equipment and training
+abroad for technical and financial personnel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2187" NEWID="13218">
+<DATE> 3-APR-1987 18:11:40.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2517&#31;reute
+r f BC-PROPOSED-OFFERINGS   04-03 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, April 3 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Uno Restaurant Corp - Initial public offering of one mln
+shares of common stock, including 250,000 by current holders,
+at an estimated eight to nine dlrs each, through A.G. Edwards
+and Sons Inc.
+    Federal Express Corp &lt;FDX> - Offering of 200 mln dlrs of
+senior debentures due 2017 through Kidder, Peabody and Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2188" NEWID="13219">
+<DATE> 3-APR-1987 18:13:33.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2520&#31;reute
+r f BC-CORRECTION---PRAXIS-&lt;   04-03 0095</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - PRAXIS &lt;PRAX> AIDS DRUG
+    In New York item titled PRAXIS &lt;PRAX> AIDS DRUG TO GO INTO
+WIDER TESTS please read April 3 as date. Also, please read in
+third paragraph...Lippa said the firm has about one mln dlrs
+left from its public offering in January 1985...correcting
+amount.
+    Also please read in first paragraph of PRAXIS &lt;PRAX> =2 NEW
+YORK ... the Beverly-Hills, Calif.-based company is considering
+a private offering ... to help finance the cost of the
+trials...corrects to read that company considering private
+offering from preparing a private offering.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2189" NEWID="13220">
+<DATE> 3-APR-1987 18:15:04.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2522&#31;reute
+d f BC-U.S.-CAR-SALES-RECOVE   04-03 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CAR SALES RECOVER IN LATE MARCH</TITLE>
+<DATELINE>    DETROIT, April 3 - </DATELINE><BODY>Sales of U.S.-built new cars surged
+during the last 10 days of March to the second highest levels
+of 1987, indicating car buying may have fully rebounded from
+its January slump.
+    Sales of imports, meanwhile, fell for the first time in
+years, succumbing to price hikes by foreign carmakers.
+    For the ten-day March 21-31 period, domestic automakers
+sold 282,358 new cars, up 19.3 pct from late March 1986, giving
+the industry an annualized sales rate of 8.1 mln cars. That
+rate a year ago was 6.9 mln cars.
+    "The last 10 days of March was the second strongest 10-day
+period we've had this year," said David Healy at Drexel Burnham
+Lambert.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2190" NEWID="13221">
+<DATE> 3-APR-1987 18:19:42.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2530&#31;reute
+u f BC-MELLON-&lt;MEL>-SAYS-SUI   04-03 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELLON &lt;MEL> SAYS SUIT IS WITHOUT MERIT</TITLE>
+<DATELINE>    PHILADELPHIA, April 3 - </DATELINE><BODY>Mellon Bank Corp said that an
+earlier announced shareholder class action suit was totally
+without merit and that it would vigorously defend it.
+    Earlier, an attorney for shareholder John Paul Decker said
+he filed suit due to the precipitous decline in Mellon's stock
+since reporting on Thursday that it would be posting a first
+quarter loss of 55-65 mln dlrs.
+    Mellon's stock fell 3-5/8 to 40-3/4 today after plunging
+6-1/4 yesterday. The shareholder's attorney said he charges
+that Mellon failed to disclose its true financial condition
+between February 1, 1985 and April 2, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2191" NEWID="13222">
+<DATE> 3-APR-1987 18:37:17.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2544&#31;reute
+r f BC-HOUSTON-INDUSTRIES-&lt;H   04-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSTON INDUSTRIES &lt;HOU> UNIT TO BUY BACK BONDS</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Houston Lighting and Power Co, a unit
+of Houston Industries Inc, said it will redeem on May 4 at par
+plus accrued interest about 140 mln dlrs of first mortgage
+bonds.
+    The utility expects the redemption will save it nearly
+three mln dlrs annually in interest expenses. Houston Lighting
+recently exchanged 390 mln dlrs of high coupon bonds for nine
+pct bonds, saving about 11 mln dlrs in annual interest costs.
+    Houston Lighting plans to buy back its outstanding 11-1/4
+pct bonds of 2009, 12s due 2010, 12-3/8s of 2013 and 11-5/8s
+due 2015 and part of its 10-1/8s of 2004.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2192" NEWID="13223">
+<DATE> 3-APR-1987 18:43:24.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2546&#31;reute
+d f BC-SABINE-ROYALTY-TRUST   04-03 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SABINE ROYALTY TRUST &lt;SBR> SETS MONTHLY PAYOUT</TITLE>
+<DATELINE>    DALLAS, April 3 - 
+    </DATELINE><BODY>Cash distribution 13.3 cts vs 8.4 cts prior
+    Pay April 29
+    Record April 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2193" NEWID="13224">
+<DATE> 3-APR-1987 18:44:29.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2547&#31;reute
+s f BC-PROVIDENCE-ENERGY-COR   04-03 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROVIDENCE ENERGY CORP &lt;PVY> REGULAR DIVIDEND</TITLE>
+<DATELINE>    PROVIDENCE, R.I., April 3 -
+    </DATELINE><BODY>Qtly div 45 cts vs 45 cts prior
+    Pay May 15
+    Record April 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2194" NEWID="13225">
+<DATE> 3-APR-1987 18:45:45.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2548&#31;reute
+u f BC-GULF-STATES-(GSU)-SEE   04-03 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF STATES (GSU) SEES END TO CASH BY MAY</TITLE>
+<DATELINE>    BEAUMONT, Texas, April 3 - </DATELINE><BODY>Gulf States Utilities Co said
+its condition has "significantly deteriorated" and that its
+operating cash reserves will be inadequate by May 1987 unless
+it receives additional financing or rate relief from state
+public utilities commissions in Texas and Louisiana.
+    In the company's newly-released annual report and 10-K
+filing, Gulf States said its bank lenders had notified the
+utility last month that no additional credit would be granted.
+Gulf States said the banks had requested the utility to begin
+making prepayments by the end of April of 45 mln dlrs more than
+the estimated 1987 lease payments of 40 mln dlrs.
+    "The circumstances increase the likelihood that the company
+may have to seek protection from its creditors under the
+bankruptcy code," Gulf States said.
+    The utility had previously said it might be forced to
+consider filing for bankruptcy because of limited rate
+increases granted by state regulators in connection with Gulf
+States' 4.3 billion dlr River Bend nuclear plant in Louisiana.
+    "If the regulatory commissions approve the company's
+proposed rate moderation plan and grant the increases provided
+for in such plan during the initial three-year phase-in period,
+the company believes it could achieve financial stability,"
+Gulf States said.
+    In February, the Texas Public Utilities Commission granted
+Gulf States an interim rate increase of 39.9 mln dlrs
+contingent upon the utility obtaining a new 250 mln dlr line of
+credit to pay operating expenses. The utility had sought 144.1
+mln dlrs in rate hikes in Texas.
+    Gulf States has appealed a decision by Louisiana state
+regulators rejecting its application for 100 mln dlrs in
+emergency rate relief.
+    In 1986, Gulf States earned 244.9 mln dlrs on revenues of
+1.47 billion dlrs, compared to profits of 265.4 mln dlrs on
+sales of 1.85 billion in the previous year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2195" NEWID="13226">
+<DATE> 3-APR-1987 18:50:46.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2552&#31;reute
+d f BC-HUDSON-FOODS-&lt;HFI>-SE   04-03 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUDSON FOODS &lt;HFI> SETS EXCHANGE RECORD DATE</TITLE>
+<DATELINE>    ROGERS, Ark., April 3 - </DATELINE><BODY>Hudson Foods Inc said April 13 has
+been set as the record date for eligibility of stockholders and
+debentureholders to participate in its previously announced
+stock and debt exchange offers.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2196" NEWID="13227">
+<DATE> 3-APR-1987 18:54:57.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2553&#31;reute
+r f BC-FINANCE-UNITS-GAIN-FR   04-03 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCE UNITS GAIN FROM PARENT COMPANY, SAYS S/P</TITLE>
+<DATELINE>    NEW YORK, April 3 - </DATELINE><BODY>Standard and Poor's said that currently
+17 finance units benefit from parent relationships by receiving
+higher ratings than their financial performance alone would
+merit.
+    By drawing on its parent company's strength, a weaker
+finance subsidiary can achieve a credit rating as high as its
+parent.  An independent finance company on the other hand must
+operate within more stringent guidelines than a unit and is at
+a competitive disadvantage, S and P said. 
+    The agency rates a finance unit on its creditworthiness  as
+well as the support agreement it has with its parent.
+    Standard and Poor's said that some finance subsidiaries
+have formal support agreements with the parent company which
+obligate the parent to maintain the unit's net worth.  The
+agreement assures that the unit meets its obligations on time
+and requires it to operate within specific guidelines.
+    Others have less formal agreements with the parent like
+General Electric Credit Corp &lt;GE> whose AAA rating reflects its
+parent's, General Electric Co.  But GE injected sizeable equity
+into the unit at timely intervals, S and P noted.
+    These agreements are being tested as finance firms expand,
+and S and P said it will review a unit that violates the pact.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2197" NEWID="13228">
+<DATE> 3-APR-1987 18:57:41.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2557&#31;reute
+d f BC-ST-SYSTEMS-&lt;STX>-WINS   04-03 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST SYSTEMS &lt;STX> WINS NASA CONTRACT</TITLE>
+<DATELINE>    LANHAM, Md., April 3 - </DATELINE><BODY>ST Systems Corp said it was awarded
+a two-year contract with three one-year options valued at
+nearly 30 mln dlrs to provide support services for atmospheric
+science research at the National Aeronautics and Space
+Administration's Langley Research Center.
+    The company said it has supported Langley's atmospheric
+science research program for 12 years and will integrate its
+past work into the new contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2198" NEWID="13229">
+<DATE> 3-APR-1987 19:01:13.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2558&#31;reute
+d f BC-BODDIE-NOELL-FILES-FO   04-03 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BODDIE-NOELL FILES FOR INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    ROCKY MOUNT, N.C., April 3 - </DATELINE><BODY>&lt;Boddie-Noell Restaurant
+Properties Inc> said it filed a registration statement with the
+Securities and Exchange Commission covering its initial public
+offering of 3,100,000 shares of common stock.
+    The company said it plans to qualify as a real estate
+investment trust and buy 53 existing Hardee's restaurant
+properties located in Virginia and North Carolina.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2199" NEWID="13230">
+<DATE> 3-APR-1987 22:34:46.04</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2582&#31;reute
+f f BC-HK-SHANGHAI-BANK,-STA   04-03 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> HK SHANGHAI BANK, STANDARD CHARTERED BANK RAISE PRIME ONE-HALF POINT TO 6.5 PCT.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2200" NEWID="13231">
+<DATE> 3-APR-1987 22:40:24.84</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2584&#31;reute
+b f BC-HONG-KONG-BANKS-RAISE   04-03 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG BANKS RAISE PRIME ONE-HALF POINT TO 6.5 PCT</TITLE>
+<DATELINE>    HONG KONG, April 4 - </DATELINE><BODY>Hongkong and Shanghai Banking Corp and
+Standard Chartered Bank raised their prime rate one-half point
+to 6.5 pct, effective Tuesday, the Association of Banks said.
+    The association said in a statement deposit rates have also
+been increased by 1/4 to 1/2 percentage point.
+    The banks last announced an adjustment on February 28 when
+they raised the prime rate by one point to six pct.
+    The deposit interest rates are now savings and 24 hours two
+pct, seven-day call, one week and two weeks 2-1/4 pct, one
+month and two months 2-3/4 pct, three and six months 3-1/4 pct,
+nine months 3-1/2 pct and 12 months four pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2201" NEWID="13232">
+<DATE> 3-APR-1987 23:21:19.20</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2590&#31;reute
+r f BC-SOUTH-KOREAN-WHOLESAL   04-03 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREAN WHOLESALE PRICES UP 0.2 PCT IN MARCH</TITLE>
+<DATELINE>    SEOUL, April 4 - </DATELINE><BODY>South Korea's wholesale price index, base
+1980, rose 0.2 pct to 125.1 in March after a 0.2 pct rise in
+February but was 0.6 pct lower than its March 1986 level, the
+Bank of Korea said.
+    The March consumer price index, same base, rose 0.5 pct to
+146.0 after a 0.1 pct gain in February, for a year-on-year rise
+of 1.7 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2202" NEWID="13233">
+<DATE> 3-APR-1987 23:30:40.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2592&#31;reute
+r f BC-INSOLVENT-CALIFORNIA   04-03 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSOLVENT CALIFORNIA THRIFT IN RECEIVERSHIP</TITLE>
+<DATELINE>    WASHINGTON, April 4 - </DATELINE><BODY>The Tahoe Savings and Loan
+Association of South Lake, Tahoe, Cal., Was placed in
+receivership yesterday because it was "insolvent, unsafe and
+unsound," the Federal Home Loan Bank Board (FHLBB) said.
+    Its 84.4 mln dlrs of assets -- as well as its deposits and
+liabilities -- were transferred to a newly chartered federal
+mutual association, Tahoe Savings and Loan, the FHLBB said.
+    A management contract to operate it was awarded to First
+Federal Savings of Nebraska, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22027" NEWID="13234">
+<DATE> 4-APR-1987 01:05:18.10</DATE>
+<TOPICS><D>gnp</D><D>gas</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE><D>garcia</D></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0011&#31;reute
+b f BC-PERU-SAYS-IT-INTENDS   04-04 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU SAYS IT INTENDS TO DEEPEN DEBT STANCE</TITLE>
+<DATELINE>    LIMA, April 3 - </DATELINE><BODY>President Alan Garcia said he sought to
+deepen Peru's hard-line foreign debt stance, possibly by
+limiting repayments to the World Bank.
+    In a televised address tonight, he criticised the World
+Bank for making Peru make larger debt payments than the amount
+the bank is willing to make in new loans. "We will deepen our
+policy on the foreign debt," he said.
+    Peru has limited foreign debt repayments to 10 pct of
+export earnings, effectively suspending most remittances due
+foreign private banks and many governments. It has generally
+been current for most of Garcia's 20 months in office on
+payments to the World Bank and the Inter-American Development
+Bank.
+    But tonight Garcia said: "We have met our aim of limiting
+the payment of the debt and will limit it also even though
+organisations like the World Bank have credits which oblige us
+to buy a certain type of machinery and to build certain types
+of public works and not others, and to pay much more in dollars
+than that which they are willing to newly lend us."
+    The Economy Ministry said last year it owed the World Bank
+about 520 mln dlrs in loans out of the country's 14 billion dlr
+debt.
+    Garcia said his government had been a model for Latin
+America because Peru had enjoyed growth in gross domestic
+product (GDP) last year of nine pct while taking its hard line
+on debt. He said GDP would grow by at least six pct this year.
+    He announced an immediate 40 pct rise in the minimum wage
+to 1,260 intis per month, benefiting the 1.3 mln minimum-wage
+workers out of a total labour force of 6.7 mln.
+    Salaries will go up this month by 30 pct for civil servants
+and 27 pct for those workers earning above the minimum wage but
+not covered by collective bargaining agreements.
+    He also said the price of petrol, frozen since August 1,
+1985, would increase by 20 pct from the current 17.5 intis per
+U.S. Gallon and remain at the new level for the rest of the
+year. He did not say when this increase would be effective.
+    Taxes on petrol are the government's leading revenue
+earner, traditionally accounting for about one-third of taxes.
+Sales taxes on autos, liquour and cigarettes would also go up,
+he said, without specifying the amount.
+    Garcia announced the government would encourage Peruvians
+to repatriate their savings deposited abroad by paying a 15 pct
+premium above the market exchange rate.
+    The inti's official buy-sell rate against the dollar is
+14.85/92 and the free rate is about 21.70/80.
+    To encourage private investment, he said the government
+would set up a special fund with which it would match every two
+intis of private investment with one inti from the government.
+    He also said his dismissal of Peruvian Air Force Commander
+Lieutenant General Luis Abram Cavarellino yesterday
+strengthened the democratic authority of his government.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22094" NEWID="13235">
+<DATE> 4-APR-1987 06:12:50.70</DATE>
+<TOPICS><D>acq</D><D>ship</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0039&#31;reute
+r f BC-S.-KOREA-ORDERS-MERGE   04-04 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. KOREA ORDERS MERGERS OF TROUBLED COMPANIES</TITLE>
+<DATELINE>    SEOUL, April 4 - </DATELINE><BODY>South Korea ordered the takeover of six
+financially troubled overseas construction firms and two
+shipping companies under the government's industrial
+realignment programme, Finance Ministry officials said.
+    They said the Industrial Policy Deliberation Committee
+decided to allow concessionary loans to three firms taking over
+the eight. The companies involved would be exempted from
+corporate tax and property transfer and registration taxes.
+    Under the programme, five subsidaries of &lt;Chung Woo
+Development Co Ltd> will be taken over by &lt;Byuck San Corp>,
+&lt;Korea Develpoment Corp> by &lt;Daelim Industrial Co Ltd>, and two
+subsidaries of &lt;Korea Shipping Corp> by the &lt;Hanjin Group>.
+    Another five construction companies were ordered to improve
+their financial status by reorganising their subsidiaries or
+selling off unproductive real estate holdings to help repay
+bank loans, the officials said.
+    These are &lt;Pacific Construction Co Ltd>, &lt;Life Construction
+Co Ltd>, &lt;Chin Heung International Co Ltd>, &lt;Samick Co Ltd> and
+&lt;Hanshin Construction Co Ltd>.
+    A further five shipping companies -- &lt;Hanjin Container Line
+Ltd>, &lt;Choyang Shipping Co Ltd>, &lt;Hyundai Merchant Marine Co
+Ltd>, &lt;Pan Ocean Shipping Co> and &lt;Dooyang Line Co Ltd> -- will
+be allowed to defer the repayment of bank loans and interest,
+but details have yet to be finalised, the officials said.
+    They said the government would take similar measures for
+more companies in August in line with the continuing
+realignment policy, which had already affected 56 firms last
+year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22137" NEWID="13236">
+<DATE> 4-APR-1987 06:48:23.18</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0042&#31;reute
+r f BC-UAE-OIL-PRODUCTION-DR   04-04 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE OIL PRODUCTION DROPS TEN PCT IN MARCH</TITLE>
+<DATELINE>    ABU DHABI, April 4 - </DATELINE><BODY>Oil output in the United Arab Emirates
+(UAE) dropped ten pct in March from February to an average 1.05
+mln barrels per day (bpd), mainly because of customer
+resistance to fixed prices of Abu Dhabi oil, industry sources
+said.
+    The UAE quota assigned by the Organisation of Petroleum
+Exporting Countries (OPEC) is 902,000 bpd. Traders could buy
+Abu Dhabi's Umm Shaif crude on the spot market for 17.50 dlrs a
+barrel yesterday, against the official OPEC price of 17.72
+dlrs.
+    The sources said output by Abu Dhabi, the largest UAE
+producer, fell to around 700,000 bpd from a range of
+800,000-820,000 bpd during the preceding four months.
+    Dubai production slipped to an average 350,000 bpd from
+around 370,000 in February after the emirate declared a
+mid-February output cut to help boost world oil prices, the
+sources added.
+    Most of the Abu Dhabi drop came from the offshore Umm Shaif
+and Upper and Lower Zakum fields as customers found fixed
+prices too high and cut liftings, the sources said.
+    The onshore Murban grade was less affected because Japanese
+term buyers saw strategic benefit in maintaining liftings, they
+added. The Japanese firms lift around 120,000 bpd, most of it
+Murban.
+    Abu Dhabi considers output from Upper Zakum, which came on
+stream in 1983, to be test production not included in
+calculations for complying with the OPEC quota.
+    Without Upper Zakum, the UAE would be producing roughly its
+quota in March, the sources added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22009" NEWID="13237">
+<DATE> 4-APR-1987 23:46:46.25</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0055&#31;reute
+r f BC-CHINA-REGION-SUGAR-OU   04-04 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA REGION SUGAR OUTPUT RISES</TITLE>
+<DATELINE>    PEKING, April 4 - </DATELINE><BODY>The southwest Chinese region of Guangxi
+increased its production of sugarcane by 26.8 pct to 9.4 mln
+tonnes in the 1986-87 crushing season (November to March) from
+the previous year, the New China News Agency said.
+    The cane, grown on 206,000 hectares, yielded 1.04 mln
+tonnes of refined sugar, it said without giving comparative
+figures.
+    China's sugar output in calendar 1986 rose to 5.24 mln
+tonnes from 4.45 mln in calendar 1985, official figures show.
+An official newspaper said in January that output in the
+1986/87 crushing season would be only 4.82 mln tonnes because
+of a drop in acreage due to low profits on growing cane and
+beet.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2239" NEWID="13238">
+<DATE> 5-APR-1987 00:01:14.83</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0000&#31;reute
+u f BC-INSTITUTE-SEES-W.GERM   04-05 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSTITUTE SEES W.GERMAN OUTPUT FALL IN 1987</TITLE>
+<DATELINE>    MUNICH, April 5 - </DATELINE><BODY>Production in the manufactured goods
+industry has been falling since mid-1986 and will decline by
+between one and two pct this year after a 2.5 pct increase in
+1986, the Ifo economic institute said.
+    An Ifo report said recessionary influences were affecting
+the engineering industry particularly. It saw a decline of two
+to three pct in this sector after a 5.2 pct rise in 1986.
+    Orders, especially from abroad, were also falling sharply
+for capital goods in the electronics sector, it added.
+    Ifo also predicted stagnation in the automobile industry in
+1987 after a particularly successful 1986 when production rose
+5.1 pct.
+    Chemical industry production, which fell by 0.9 pct last
+year, was likely to stagnate or decline by one pct in 1987.
+This sector suffered from slack demand from abroad and from low
+domestic consumption.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2204" NEWID="13239">
+<DATE> 5-APR-1987 00:27:34.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0002&#31;reute
+r f BC-PHILIPPINES-APPROVES   04-05 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES APPROVES 80 MLN DLR DEBT CONVERSION</TITLE>
+<DATELINE>    MANILA, April 5 - </DATELINE><BODY>The Central Bank has approved the
+conversion of 80.7 mln dlrs worth of Philippine debt into
+equity in local projects under a debt-to-equity swap program
+started last August, Finance Minister Jaime Ongpin said.
+    He told reporters the amount represented 57 transactions
+involving diversified investments. He said 90 applications to
+convert 316.7 mln dlrs of debt have so far been received by the
+Central Bank.
+    Ongpin also said the International Finance Corp (IFC), a
+World Bank affiliate, would invest up to 12.5 mln dlrs in the
+First Philippine Capital Fund.
+    The fund, to be launched jointly by New York investment
+house Shearson Lehman Brothers and IFC, was proposed by Ongpin
+during a trip to the United States in September.
+    There was still no word on when the fund, designed to
+encourage private sector investment in the Philippines, would
+be launched.
+    A telex from IFC to Ongpin said the IFC investment will
+consist of exchanging up to 12.5 mln dlrs face value of
+Philippine debt it holds.
+    The capital fund and the Central Bank's debt conversion
+plan are both aimed at reducing the country's debt burden by
+enabling interested investors to buy government notes at a
+discount, repatriate these and convert them at full value in
+pesos.
+    The proceeds will then be used to investing in local
+projects.
+    The country's foreign debt now stands at 27.8 billion dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2241" NEWID="13240">
+<DATE> 5-APR-1987 00:48:55.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0005&#31;reute
+r f BC-PLESSEY-&lt;PLYL.L>-WINS   04-05 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLESSEY &lt;PLYL.L> WINS 100 MLN DLR U.S. PHONE ORDER</TITLE>
+<DATELINE>    LONDON, April 5 - </DATELINE><BODY>The Plessey Co Plc announced it had won a
+100 mln dlr digital telephone exchange order in the United
+States, which it said was the first major U.S. Telephone
+exchange order not to go to established U.S. Suppliers.
+    &lt;South Central Bell Telephone Co>, a unit of Bellsouth Corp
+&lt;BLS.N>, placed the order with Plessey's U.S. Subsidiary
+&lt;Stromberg-Carlson>.
+    Most of the equipment for the 100 exchanges will be built
+in Stromberg-Carlson's Florida plant over the next three years.
+    "It is the most important thing that has happened in the
+Plessey telecommunications business," said Plessey
+Telecommunications Managing Director David Dey.
+    The British firm failed to win a four billion dlr deal to
+supply an advanced communications system to the U.S. Army in
+November 1985 despite personal lobbying by Prime Minister
+Margaret Thatcher. A rival French system won the contract.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2206" NEWID="13241">
+<DATE> 5-APR-1987 01:24:59.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>aquino</D><D>ongpin</D></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0007&#31;reute
+r f BC-MANILA-MEETING-WITH-D   04-05 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANILA MEETING WITH DONORS ON LAND REFORM RESET</TITLE>
+<DATELINE>    MANILA, April 5 - </DATELINE><BODY>Philippine officials will meet major aid
+donors in May to discuss a 500 mln dlr funding for an extensive
+land reform program, Finance Minister Jaime Ongpin said.
+    He told a news conference he had planned to sit down with a
+consultative group of major donors led by the World Bank late
+this month in Tokyo but said the documentation of the project
+would not be ready until the end of this month.
+    "The World Bank has recommended that we meet some time in
+the second half of May because it is pointless to have that
+meeting unless the participants have had adequate time to
+review the documentation," he said.
+    Government officials said the progam, estimated to cost 36
+billion pesos, aims to distribute 9.7 mln hectares of land,
+including some 50,000 hectares seized from former associates of
+deposed President Ferdinand Marcos.
+    The new plan will include not only rice and corn land but
+also sugar and coconut plantations. It is expected to benefit
+about three mln impoverished peasants.
+    Ongpin said earlier there was strong interest in the
+program from donors but said given the substantial financial
+requirements of the plan, the government could not rely on only
+one source but on a combination of sources.
+    President Corazon Aquino approved last month the use of an
+estimated 20 billion pesos from the proceeds of the sale of
+certain non-performing assets to private companies.
+    Ongpin said he has asked Aquino to consider two other
+sources, namely the proceeds from the sale of government
+corporations which are to be privatised and proceeds from the
+liquidation of seized Marcos-related assets.
+    He also said he would recommend public hearings before such
+a big project was legislated.
+    "If we get a good reception in the public hearings, perhaps
+then the President might feel persuaded that it is not
+necessary to wait for the Congress," he said.
+    Aquino had said she would prefer that legislation for the
+program be approved by a two-house Congress, whose members will
+be elected on May 11.
+    But her advisers are trying to persuade her to implement
+the program before the Congress convenes in July.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2207" NEWID="13242">
+<DATE> 5-APR-1987 01:34:08.71</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0011&#31;reute
+r f BC-IBC-CLOSES-EXPORT-REG   04-05 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC CLOSES EXPORT REGISTRATIONS - IBC OFFICIAL</TITLE>
+<DATELINE>    RIO DE JANEIRO, April 5 - </DATELINE><BODY>The Brazilian Coffee Institute
+(IBC) confirmed having closed May export registrations,
+effective April 6.
+    On Friday night exporters said they had heard of the
+closure from IBC officials, but the officials could not at the
+time be reached for confirmation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2208" NEWID="13243">
+<DATE> 5-APR-1987 01:53:30.58</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D><D>belgium</D></PLACES>
+<PEOPLE><D>lawson</D><D>thatcher</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0012&#31;reute
+r f BC-LAWSON-SAYS-U.K.-ELEC   04-05 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SAYS U.K. ELECTION NOT ONLY EMS BAR</TITLE>
+<DATELINE>    KNOKKE-HEIST, Belgium, April 5 - </DATELINE><BODY>British Chancellor of the
+Exchequer Nigel Lawson said the next U.K. Election was not the
+only element standing in the way of full British membership of
+the European Monetary System (EMS).
+    But he added that arguments against joining had weakened.
+    Prime Minister Margaret Thatcher, widely believed to be the
+strongest government opponent of full EMS membership, has made
+clear she does not expect to consider joining until after the
+next UK election, due by mid-1988 at the latest.
+    But Lawson, in answer to a question, told reporters after
+an informal European Community finance ministers' meeting here
+that other factors apart from the upcoming election stood in
+the way of full membership.
+    In addition to the question of the exchange rates at which
+Britain should enter the EMS's core exchange rate mechanism,
+there was also the impact of sterling membership on the system
+to be considered, he said.
+    British entry would change the EMS from a monopolar system
+based on the West German mark to a bipolar mark-sterling
+system, he noted. "We have to make sure it would work."
+    But Lawson added that some of the considerations that had
+made it difficult for Britain to join in the past now posed
+less of a problem.
+    As an example he cited sterling's role as a petrocurrency,
+which he said was diminishing. "That argument has clearly
+weakened," he said.
+    Lawson restated that the government was keeping the
+question of membership under review.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2209" NEWID="13244">
+<DATE> 5-APR-1987 02:18:57.87</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE><D>eyskens</D><D>delors</D><D>stoltenberg</D><D>lawson</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0015&#31;reute
+r f BC-EC-AGREES-ON-NEED-TO   04-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC AGREES ON NEED TO STRENGTHEN EMS</TITLE>
+<AUTHOR>    By Tony Carritt, Reuters</AUTHOR>
+<DATELINE>    KNOKKE-HEIST, Belgium, April 5 - </DATELINE><BODY>European Community (EC)
+finance ministers and central bankers agreed on the need for
+greater cooperation to strengthen the European Monetary System
+(EMS) against international market turbulence, officials said.
+    "There was a general will to reinforce the European Monetary
+System, with all that implies," Belgian Finance Minister Mark
+Eyskens said yesterday after hosting a one-day session of
+informal talks at this Belgian coastal resort.
+    The gathering was the first such discussion since the
+second major realignment of EMS parities within nine months in
+January.
+    The system has come under severe strain as funds have
+flowed out of the slumping dollar and into the dominant EMS
+currency, the West German mark, sending it soaring against
+weaker currencies in the system.
+    But Eyskens said February's agreement between leading
+western industrialised nations to stabilise exchange rates at
+around current levels was working and this would allow the EC
+to speed up its efforts to boost the internal stability of the
+EMS.
+    He told a news conference yesterday's meeting agreed on the
+need for closer coordination among EMS member governments of
+interest rate policies and of interest rate differentials
+between different countries.
+    They also agreed they needed better coordination of
+exchange market intervention to hold currencies stable, both
+when they reached their fixed EMS limits and within their
+agreed margins.
+    But Eyskens said this coordination raised a whole range of
+technical problems and ministers would discuss these further in
+Luxembourg in June on the basis of proposals from the EC's
+Monetary Committee and Committee of Central Bank Governors.
+    He said the EC needed a set of indicators of economic
+convergence betwen Community countries and it was important
+that interest rates fulfilled this role together with exchange
+rates and inflation rates.
+    The Belgian minister, whose country presently holds the
+presidency of the community, made clear the meeting had not
+produced any agreement to move radically forward in developing
+the EMS towards the EC's long term goal of economic and
+monetary integration.
+    "We have committed ourselves to reestablishing the normal
+functioning of the system," Eyskens said.
+    Eyskens has repeatedly stressed that he believes the EMS
+has to be reinforced if the EC's plans to liberalise all
+movements of capital across national borders by 1992 are to go
+ahead.
+    EC executive Commission President Jacques Delors told the
+meeting the authority would put forward proposals for a final
+phase of capital market liberalisation in October that would
+include safeguard clauses for member countries for which the
+move would create difficulties.
+    Eyskens said the ministers and central bankers also
+discussed the need to "dedramatise" realignments of EMS parities
+by letting high-ranking monetary officials carry them out by
+telephone rather than calling a meeting of finance ministers.
+    However, West German sources said Bonn Finance Minister
+Gerhard Stoltenberg was unenthusiastic about the idea.
+    British Chancellor of the Exchequer Nigel Lawson told
+journalists that one of the technical issues raised by greater
+coordination of exchange market intervention was the question
+of which currencies should be used to intervene and held in
+central bank reserves.
+    He said several EMS member countries believed the EMS would
+work better if central banks held each other's currencies -- an
+issue of particular importance regarding West Germany since the
+Bundesbank holds only dollars in its foreign exchange reserves.
+    He said the debate on dedramatising EMS realignments
+reflected a general feeling among participants that the way the
+January reshuffle had been conducted was unsatisfactory.
+   The realignment was marked by acrimony between France and
+West Germany, with each side blaming the other for strains in
+the system that forced the parity overhaul.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2246" NEWID="13245">
+<DATE> 5-APR-1987 03:05:55.88</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0022&#31;reute
+r f BC-ZAMBIAN-CURRENCY-FALL   04-05 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIAN CURRENCY FALLS AT FOREIGN EXCHANGE AUCTION</TITLE>
+<DATELINE>    LUSAKA, April 5 - </DATELINE><BODY>The Zambian currency further depreciated
+yesterday at the second auction since the introduction of a
+two-tier foreign exchange system last month.
+    The (central) Bank of Zambia said the kwacha was pegged at
+16.99 to the dollar, compared to last week"s rate of 15 to the
+dollar.
+    The bank, which offered six mln dlrs at the auction,
+reported demand for 13.4 mln dlrs. At the previous auction, the
+government offered eight mln dlrs.
+    Last month the government set a fixed exchange rate of nine
+kwacha per dollar, subject to adjustment against a basket of
+five currencies, for certain official transactions.
+    It also introduced a new weekly foreign exchange auction
+only for parastatal organisations and the private sector, where
+the exchange rate is allowed to float in accordance with market
+demand.
+    The new auction system is designed to be more restrictive
+than the previous one, suspended in January after the central
+bank fell 10 weeks in arrears to successful bidders.
+    Under the new system, no bidder, except the the state oil
+company Zimoil and the national airline Zambia Airways, is
+allowed to bid for more than five pct of the foreign exchange
+on offer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2211" NEWID="13246">
+<DATE> 5-APR-1987 03:37:45.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0030&#31;reute
+u f BC-WHITE-HOUSE-DENIES-AN   04-05 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE DENIES ANY FURTHER ARMS SALES TO IRAN</TITLE>
+<DATELINE>    WASHINGTON, April 5 - </DATELINE><BODY>The White House denied a report that
+the United States was continuing to ship arms or
+weapons-related equipment to Iran, but an administration
+official said there had been non-weapons sales to Tehran
+through commercial channels.
+    "To the best of our knowledge, there have been no illegal
+sales from the forbidden munitions list," a White House
+spokesman said.
+    The Defence Department also denied any military supplies
+had been sent to Iran since an administration ban late last
+year.
+    NBC television, quoting U.S. And foreign intelligence
+sources, reported that the United States had been shipping
+weapons-related equipment to Iran as recently as last month.
+    The administration official, who asked not to be named,
+told Reuters there had been commercial sales of products
+licensed by the Commerce Department, which maintains a list of
+products that can be exported without hurting national
+security.
+    President Reagan banned arms shipments to Tehran after the
+Iran arms scandal broke last November.
+    In January Secretary of State George Shultz told the Senate
+Foreign Relations Committee there would be "no more transfers of
+U.S.-origin military equipment to Iran, either directly or
+through third parties."
+    The NBC report said the Pentagon was coordinating shipments
+of anti-aircraft command and control equipment used to direct
+fire of weapons systems.
+    It said some shipments labelled "machine parts" had moved
+through Ostend, Belgium,on aircraft of the Santa Lucia Airways,
+which it identified as operated by the U.S. Central
+Intelligence Agency (CIA). The CIA refused to comment.
+    NBC said the equipment was flown to Pakistan and then on to
+Iran by Pakistani civilian and military aircraft.
+    Later, State Department spokeswoman Sondra McCarty said: "We
+categorically deny that the United States is selling and/or
+sending any weapons to Iran." She added that Washington was "not
+doing anything in connection with the government of Iran which
+is not consistent with U.S. Laws or trade policy."
+    Another administration official, who asked not to be
+identified, told Reuters the United States had licensed
+commercial sales of low-technology computer equipment to Iran,
+amounting to about 60 mln dlrs over the last three years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2248" NEWID="13247">
+<DATE> 5-APR-1987 03:42:01.74</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-U.S.-NAVY-SAID-INCREA   04-05 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. NAVY SAID INCREASING PRESENCE NEAR GULF</TITLE>
+<DATELINE>    NEW YORK, April 5 - </DATELINE><BODY>Defence Secretary Caspar Weinberger has
+ordered the U.S. Navy to increase its presence near the Gulf in
+an effort to fulfil President Reagan's pledge to keep oil
+flowing to Europe and Japan, The New York Times reported.
+    The newspaper quoted Pentagon officials as saying the Navy
+would keep the aircraft carrier Kitty Hawk on station in the
+Arabian Sea and the rest of the Indian Ocean until May, three
+months longer than planned.
+    The Navy would then have a carrier battle group of six to
+eight warships in the area at all times rather than part of the
+time, as happens now, the paper said.
+    The paper said that last month U.S. Intelligence sources
+said they had spotted land-based anti-ship missiles of a
+Chinese design known in the West as the HY-2 near the Strait of
+Hormuz.
+    It said their purpose was seen as a signal Iran was ready
+to continue and perhaps step up the Gulf shipping war against
+Iraq.
+    U.S. Carriers or battleships would sail out of range of
+those missiles, but within striking distance, the paper quoted
+officials as saying.
+    From several hundred miles at sea, carriers could launch
+aircraft bombing runs or missile strikes, and battleships could
+fire long-range missiles, the paper said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2249" NEWID="13248">
+<DATE> 5-APR-1987 03:43:04.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0036&#31;reute
+r f BC-INDONESIAN-AIRLINER-C   04-05 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN AIRLINER CRASH KILLS 27 PEOPLE</TITLE>
+<DATELINE>    JAKARTA, April 5 - </DATELINE><BODY>Twenty-seven people were killed and 18
+injured when an Indonesian airliner flew into electricity lines
+and tumbled to the ground in an explosive ball of fire, airport
+officials said.
+    The Garuda Indonesia Airways DC-9 crashed yesterday on a
+domestic flight while carrying 37 passengers and eight crew
+members, an airline spokesman said.
+    The plane, made by McDonnell Douglas Corp &lt;MD.N>, cost 18
+mln dlrs and was one of 19 DC-9s in Garuda's fleet of 74 jets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2214" NEWID="13249">
+<DATE> 5-APR-1987 05:03:59.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0041&#31;reute
+r f BC-JAL-PLANE-CRASH-THOUG   04-05 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAL PLANE CRASH THOUGHT DUE TO BOEING &lt;BA.N> FAULT</TITLE>
+<AUTHOR>    By Janet Snyder, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 5 - </DATELINE><BODY>A Japanese government investigation team
+believes that faulty repairs by Boeing Co caused the worst
+single plane crash in history, one of the team said.
+    Boeing Co is the manufacturer of the Japan Air Lines 747
+jumbo jet which crashed into a mountain in Japan on August 12,
+1985, killing 520 people. There were only four survivors.
+    A Boeing spokesman, contacted by telephone at the firm's
+headquarters in Seattle, Washington, told Reuters the firm
+would probably have no comment to make until the Japanese
+investigation team's report was officially released.
+    The team investigator, a Japanese Transport Ministry
+official who declined to be identified, said a failure by
+Japanese aircraft inspectors to check the repair work done on
+the plane by a Boeing team had provoked an internal debate in
+the Ministry over inspection procedures.
+    The Ministry official told Reuters that a report by his
+team, which has already been sent in draft form to the U.S.
+National Transportation Safety Board for comment, should be
+released in late May. Under an international convention, the
+draft must be submitted for final comments to the pertinent
+authorities.
+    Asked on Thursday about Boeing's role in the crash, a
+Ministry spokesman declined comment.
+    On September 6, 1985, Boeing issued an official statement
+saying that repairs it had undertaken on the doomed Japan Air
+Lines plane in 1978 were faulty.
+    However, no official, direct connection was then made
+between the faulty repairs and the crash.
+    The Japanese investigation team says in its draft report
+that it believes those faulty repairs were the cause of the
+1985 accident, the investigator said.
+    The Boeing statement after the crash said: "Examination of
+the wreckage, the flight data recorder readout, the cockpit
+voice recorder, and interviews with the surviving off-duty
+flight attendant indicate that decompression occurred in flight
+due to a rupture of the aft pressure bulkhead.
+    "The Boeing examination of the bulkhead at the site of the
+crash has revealed that a relatively small section of the
+bulkhead splice, approximately 17 per cent, was not correctly
+assembled during repairs which Boeing made after a 1978 landing
+accident," the statement said.
+    The repairs were required after a 1978 landing accident at
+Osaka airport, in western Japan, in which the plane's tail
+scraped the runway.
+    The Japanese report also mentions the government inspectors
+who in 1978 signed a certificate of airworthiness approving the
+repairs, he said.
+    Police had investigated four inspectors, including one man
+who two weeks ago killed himself by drinking insecticide after
+four days of police questioning.
+    "None of the four had looked at Boeing's repair work," the
+investigator said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2251" NEWID="13250">
+<DATE> 5-APR-1987 05:35:48.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0047&#31;reute
+r f BC-BOUYGUES-&lt;BOUY.PA>-TV   04-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOUYGUES &lt;BOUY.PA> TV AWARD SEEN BOOSTING GROUP</TITLE>
+<DATELINE>    PARIS, April 5 - </DATELINE><BODY>A consortium headed by the construction
+group Bouygues SA has been awarded a 50-pct controlling stake
+in French state television network TF1, which stock market
+analysts said represented a major boost for Bouygues.
+    The Bouygues-led consortium was widely regarded as the less
+likely of the two candidates in contention to be awarded the
+three billion franc stake by the National Commission for
+Communications and Liberties (NCCL), the French television
+watchdog authority.
+    The losing candidate was a consortium headed by publishing
+group Hachette SA &lt;HACP.PA>.
+    The NCCL decision awarded the Bouygues consortium a 50-pct
+controlling stake in a company which will have a 10-year
+operating concession for TF1, France's oldest and most widely
+watched television network.
+    Independent market analysis group C.O.P.S. In a note on
+Bouygues said the award would represent a major diversification
+for the group out of the highly cyclical construction industry
+into the rapidly expanding media business.
+    Bouygues in February said it estimated 1986 group net
+attributable profit at 480 mln francs, up from 443 mln for
+1985, on consolidated turnover of 45.8 billion francs, up from
+26.3 billion.
+    The sharp rise in turnover reflected the groups acquisition
+of the loss-making SCREG construction group last year.
+    Bouygues closed on the Paris stock market at 1,451 francs
+on Friday, up from 1,405 the previous day, but well below its
+year's high of 1,475.
+    Hachette closed at 3,280, up from a previous 3,250.
+    Bouygues holds a 50-pct stake in the winning consortium,
+giving it a 25-pct stake in TF1.
+    The U.K.-based &lt;Pergamon Media Trust> of Robert Maxwell has
+a 20-pct stake in the consortium, representing a 10 pct stake
+in TF1, while &lt;Maxwell Media France> has a six pct stake, or
+three pct of the television network.
+    Minority shareholders in the consortium include the
+&lt;GMF/FNAC> group, Societe Generale &lt;SGEN.PA>, &lt;Editions
+Mondiale>, the &lt;Groupe Bernard Tapie>, &lt;Financiere Faltas>,
+&lt;Banque Indosuez> and Credit Lyonnais &lt;CRLP.PA>.
+    The remaining 50 pct of TF1 is to be split between a 40-pct
+stake to be offered to the general public and a 10-pct stake to
+be offered to employees.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2216" NEWID="13251">
+<DATE> 5-APR-1987 05:48:12.28</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>algeria</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0052&#31;reute
+r f BC-ALGERIAN,-SPANISH-FIR   04-05 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALGERIAN, SPANISH FIRMS AGREE QUICKSILVER PRICE</TITLE>
+<DATELINE>    ALGIERS, April 5 - </DATELINE><BODY>Algerian and Spanish producers which
+together meet 40 pct of the Western market's needs in
+quicksilver have agreed to apply a minimum selling price of 300
+dlrs per unit, the Algerian news agency APS said.
+    The agreement was made during a meeting here last week
+between Algeria's Entreprise Nationale des Non-ferreux et
+Substances Utiles (ENOF) and Spain's Almaden to discuss the
+market situation.
+    The two firms "took note with regret that prices quoted by
+some specialised publications do not reflect the reality of the
+whole market since they take into account only part of the
+deals made," a statement by ENOF said.
+    The result is that the prices quoted are far away from two
+firms' production costs.
+    "They have thus decided that their selling price would not
+be linked any more to the prices quoted by these publications
+and that sales would be made at a minimum price of 300 dlrs fob
+per jar, which is close to their production cost," the statement
+said.
+    It added that Turkish producers would join in when the two
+firms meet again in Madrid later this month.
+    The price of quicksilver on the London Metal Exchange
+hovered around 200 dlrs this week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2217" NEWID="13252">
+<DATE> 5-APR-1987 05:59:20.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE><D>lawson</D><D>eyskens</D><D>goria</D><D>balladur</D></PEOPLE>
+<ORGS><D>ec</D><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0055&#31;reute
+r f BC-PARIS-CLUB-AGREES-NEW   04-05 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIS CLUB AGREES NEW AFRICAN DEBT INITIATIVE</TITLE>
+<DATELINE>    KNOKKE-HEIST, Belgium, April 5 - </DATELINE><BODY>Western creditor
+governments have reached agreement in principle on new
+proposals for easing the debt burden of sub-Saharan African
+countries, British Chancellor of the Exchequer Nigel Lawson
+said.
+    He told journalists the accord, reached in the so-called
+Paris Club of western governments, calls for rescheduling the
+debts of sub-Saharan African countries over very long periods
+and on very favourable terms.
+    The proposals will be put forward for discussion at a
+meeting of the International Monetary Fund/World Bank
+Development Committee in Washington next week, he said.
+    Lawson said that under the proposals countries could have
+15 or 20 years to repay their debts along with have a grace
+period.
+    But he added the favourable terms would not be offered
+indiscriminately to all nations in the region but granted on a
+case-by-case basis.
+    The Paris Club groups Western governments -- as opposed to
+commercial banks -- which are owed money by poorer nations.
+    Lawson was speaking after an informal gathering of European
+Community finance ministers and central bankers held to prepare
+for discussions on international monetary issues and Third
+World debt at next week's spring meetings of the IMF and World
+Bank.
+    French Finance Minister Edouard Balladur said he had
+insisted at the gathering that developed countries take
+adequate account of the problems facing poorer nations that
+were trying to put their ailing economies in order.
+    He told journalists he would be unveiling new proposals for
+dealing with the Third World debt problem in  Washington.
+    He declined to give details but Belgian Finance Minister
+Mark Eyskens, who hosted the talks, indicated that Balladur's
+proposals involved giving a greater role to a World Bank fund
+used to compensate developing countries for falls in the prices
+of their main commodities.
+    "The French ideas got a very sympathetic welcome," Eyskens
+told a news conference.
+    He said the European Community felt a new IMF
+(International Monetary Fund) report which forecasts
+inflation-adjusted economic growth of just 2.5 pct in the
+industrialised world this year, compared with 3.1 pct expected
+last autumn, was slightly too pessimistic.
+    Many economists believe industrialised countries need to
+grow by at least three pct a year if the world debt is to be
+brought under control.
+    Eyskens added the Community wanted to give "certain nuances"
+to the IMF report that would be constructive for dealing with
+the Third World debt problem.
+    However, Italian sources quoted Italian Treasury Minister
+Giovanni Goria as calling it scandalous that the meeting here
+did not include a discussion of what he called the problem of
+falling world demand.
+     He complained that West Germany was refusing to do enough
+to boost demand while the United States, suffering from a
+massive trade deficit, was unable to do anything in this
+direction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2218" NEWID="13253">
+<DATE> 5-APR-1987 06:13:27.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0062&#31;reute
+r f BC-BRITISH-MINISTER-GOES   04-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH MINISTER GOES TO TOKYO ASKING FREER ACCESS</TITLE>
+<AUTHOR>    By Michael Wise, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 5 - </DATELINE><BODY>Britain's corporate affairs minister left
+for Tokyo saying he planned to present Japanese authorities
+with a timetable for obtaining fair market access for his
+country's goods and financial services.
+    "I should be expecting a positive response to that
+timetable," the minister, Michael Howard, said.
+    He said the response was expected by next month, but
+reiterated his belief that Britain would not have to invoke a
+new law allowing a ban on Japan's banks and insurance firms
+from trading in London if it failed to reciprocate in Tokyo.
+    "I don't think that talk of a trade war is justified in any
+event ... I think the Japanese are going to realize that it's
+important that access should be available."
+    The Conservative British government decided on Thursday to
+bring forward legislation allowing the possible imposition of a
+ban against foreign countries failing to allow reciprocal
+market access. It is due to take effect in three weeks.
+    Twenty-nine Japanese banks, nine insurance companies and 58
+securities houses currently operate in London, while only five
+British banks and eight securities firms are licensed in Japan.
+    "We are sure reasonable men will come to a reasonable
+solution," said a spokesman for &lt;Nomura International>, the
+biggest of the Japanese securities firms in London which could
+be targetted.
+    The government decided to rush provisions of the Financial
+Services Act into effect largely in response to the failure of
+Cable and Wireless &lt;CAWL.L> to gain what it considers a
+satisfactory stake in one of two consortia seeking to compete
+in Japan's international telephone business.
+    However, British economists say the use of financial
+services countermeasures in the trade dispute would hurt
+Britain more than Japan.
+    The British press expressed concern that was Howard was
+travelling with counterproductive or irrelevant ammunition.
+    The Daily Telegraph commented that an unfortunate minister
+was being "despatched to Tokyo armed with a pistol pointing at
+his own foot." The Financial Times urged Prime Minister Margaret
+Thatcher to avoid provoking a "nasty backlash" from Tokyo.
+    Japan appeared to be making no concessions ahead of
+Howard's trip and Trade and Industry Secretary Paul Channon on
+Friday sought to dispel some of the growing concern over the
+dispute.
+    "We don't want a trade war," he said. "We're not interested in
+trade wars."
+     But Channon made plain the government was determined that
+British firms should have the same opportunites in Japan as
+Japanese firms have in Britain and wanted a timetable set for
+this purpose.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2255" NEWID="13254">
+<DATE> 5-APR-1987 06:17:41.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE><D>sourrouille</D></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0067&#31;reute
+r f BC-ARGENTINE-MINISTER-SE   04-05 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE MINISTER SEEKS DEBT RESCHEDULING</TITLE>
+<DATELINE>    BUENOS AIRES, April 5 - </DATELINE><BODY>Economy Minister Juan Sourrouille
+was heading for Washington for talks with creditor banks on
+rescheduling part of Argentina's foreign debt.
+    Economy Ministry sources said he hoped to seal an agreement
+rescheduling 30 bln dlrs of private foreign debt.
+    Argentina, seeking 2.15 bln dlrs in fresh loans from
+private international banks to meet 1987 growth targets, has
+been negotiating with the banks' steering committee since
+February.
+    Sourroille will also attend International Monetary Fund and
+World Bank meetings.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2256" NEWID="13255">
+<DATE> 5-APR-1987 06:22:06.92</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0068&#31;reute
+r f BC-CHINA'S-FOREIGN-EXCHA   04-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA'S FOREIGN EXCHANGE RESERVES FALL DURING 1986</TITLE>
+<DATELINE>    PEKING, April 5 - </DATELINE><BODY>China's foreign exchange reserves
+totalled 10.514 billion dlrs at end-1986, up from 10.37 billion
+at end-September but down from 11.9 billion at end-1985,
+according to central bank figures published by the New China
+News Agency.
+    The agency said 2.072 billion dlrs of the reserves was held
+by the state treasury, down from 2.26 billion at end-September,
+while 8.442 billion was held by the Bank of China, up from 8.11
+billion.
+    China's outstanding foreign debts rose to 7.572 billion at
+end-1986 from 5.067 billion at end-1985. Gold reserves stood at
+12.67 mln ounces, unchanged over the year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2257" NEWID="13256">
+<DATE> 5-APR-1987 19:01:21.43</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>iea</D><D>oecd</D><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0076&#31;reute
+u f BC-IEA-SEES-ONE-PCT-GROW   04-05 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IEA SEES ONE PCT GROWTH IN 1987 OECD OIL DEMAND</TITLE>
+<DATELINE>    PARIS, April 5 - </DATELINE><BODY>Growth in oil consumption in the Western
+industrialised countries is likely to slow to around one pct
+this year compared with 2.3 pct in 1986, the International
+Energy Agency (IEA) said.
+    Oil use in the 24 countries of the OECD increased by around
+one pct in first quarter 1987 to 35.9 mln bpd, the IEA said in
+its Monthly Oil Market Report.
+    Growth in OECD countries is expected to come primarily from
+transport fuels, as in 1986. But if average consumer prices are
+higher than 1986, the rate of growth for these fuels may be
+below last year's 3.6 pct, it said.
+    The IEA said that assuming crude oil and product prices
+stay close to current levels, some destocking by end-users can
+be expected. If that happens, natural gas will also regain some
+of the market share it lost to heavy fuel in 1986, and there
+may be slightly less growth in transport fuels.
+    IEA estimates on April 1 put oil stocks in the OECD area at
+428 mln tonnes, representing 98 days of forward consumption.
+This is about the same level as at the begining of the year.
+    The agency said this flat trend is explained by the
+projected seasonal consumption decline in the second quarter of
+the year which offset a reduction in stocks.
+    It said initial estimates indicate that company stocks fell
+by 1.2 mln bpd in OECD countries in the first quarter of the
+year. This followed a small rise in January of 0.4 mln bpd but
+a decline of 1.5 mln bpd in February and 2.5 mln bpd in March.
+    It is possible that final data will show a larger draw,
+particulary for March, it said. As crude production also fell,
+there is likely to have also been a decline in non-reported
+stocks, particularly at sea, the IEA said.
+    Company stocks on land in the OECD rose to 326 mln tonnes
+on April 1 against 316 mln on April 1 1986. Governments built
+up strategic stocks to 102 mln tonnes against 97 mln in the
+period.
+    The year-on-year trend of government stock building is
+continuing with year-on-year company stocks also rising, more
+or less in line with consumption, after declining for five
+years, the IEA noted.
+    Oil stocks on land in the U.S. And Canada were put at 206.6
+mln tonnes on April 1, down from the 214 mln tonnes on January
+1 and equivalent to 94 and 98 days of consumption,
+respectively.
+    Oil stocks in Western Europe were 147.4 mln tonnes on April
+1, down from the 154 mln on January 1 but still equivalent to
+94 days of consumption.
+    World oil supply fell in the first quarter by about two mln
+bpd to 45.2 mln bpd from 47.2 mln bpd in last quarter 1986.
+    This drop was mostly due to a decline in OPEC crude
+production to around 15.5 mln bpd in February/March from 16.5
+mln bpd in January and to the seasonal drop in exports from
+centrally-planned Economies, the IEA said.
+    Total OPEC crude oil supply was 15.8 mln bpd in the first
+quarter, plus 1.4 mln bpd of NGLs, compared with 17.3 mln bpd
+of crude in the last three months of 1986 and 17.9 mln average
+for the whole of 1986. Supply from non-OPEC countries totalled
+28 mln bpd, against 28.5 mln bpd in the fourth quarter 1986.
+    A drop in Saudi Arabian output to a tentatively forecast
+3.3 mln bpd in March from 3.6 mln bpd in February was the
+largest factor behind the OPEC production decline, the IEA
+said.
+    Saudi Arabia"s Opec-assigned output quota is 4.133 mln bpd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2258" NEWID="13257">
+<DATE> 5-APR-1987 19:55:20.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>kohl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0083&#31;reute
+b f BC-CENTRE-RIGHT-WIN-GERM   04-05 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRE-RIGHT WIN GERMANY'S HESSE STATE POLL</TITLE>
+<DATELINE>    BONN, April 5  - </DATELINE><BODY>West Germany's Christian Democrats (CDU)
+and their liberal Free Democrat Party (FDP) allies today won
+control of the central state of Hesse in state elections,
+toppling the Social Democrats (SPD) who had governed the state
+for over 40 years.
+    The CDU/FDP coalition will have a two-seat majority over
+the SPD and their Greens party allies in the new state
+parliament. Earlier predictions forecast a hung parliament.
+    The poll was the first major test of public opinion since
+national elections last January returned Chancellor Helmut
+Kohl's CDU-dominated coalition to power in Bonn.
+    Political commentators said the result was a debacle for
+the SPD, which has been split by disagreements over the party's
+future direction. It was also a rebuff for a unique coalition
+the SPD had formed in Hesse with the anti-nuclear Greens
+movement, which left-wing Social Democrats said could provide a
+model for a similar alliance at federal level.
+    Bonn Environment Minister Walter Wallmann, the CDU's
+victorious candidate for the state premiership, told reporters
+"Many traditional SPD voters voted for us because they did not
+want an SPD that was under the influence of the Greens."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2259" NEWID="13258">
+<DATE> 5-APR-1987 20:02:21.35</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0086&#31;reute
+u f BC-MARCH-U.S.-PURCHASING   04-05 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARCH U.S. PURCHASING MANAGERS INDEX UP AT 53.9</TITLE>
+<DATELINE>    NEW YORK, April 6 - </DATELINE><BODY>The U.S. economy in March improved at a
+faster rate than in February, with the National Association of
+Purchasing Management's composite index rising to 53.9 pct from
+51.9 pct, the NAPM said.
+    The first quarter average for the index also was 53.9 pct.
+The NAPM said that, if this average were to continue for the
+rest of 1987, it would be consistent with real gross national
+product growth of about three pct.
+    An index reading above 50 pct generally indicates that the
+economy is in an expanding phase. One below 50 pct implies a
+declining economy.
+    The NAPM said the economic improvement was evident in all
+of the indicators in the index except inventories, which
+declined slightly.
+    New orders rose sharply in March, with production also
+higher. Vendor deliveries slowed, another sign that the economy
+improved in March. Employment expanded for the first time since
+August 1984.
+    Robert Bretz, chairman of the NAPM's business survey
+committee and director of materials management at Pitney Bowes
+Inc &lt;PBI> said "the economy ended the first quarter with a
+healthy, if not substantial improvement."
+    Bretz said the sharp rise in the growth of new orders in
+March assures a good beginning for the second quarter.
+    Some 50 pct of the purchasing managers reported that they
+were paying higher prices in March than at the end of 1986. Of
+those paying higher prices now, the average increase was put at
+2.5 pct.
+    The estimated average price increase anticipated by members
+for the remainder of 1987 is 2.1 pct. While prices continue to
+rise, the NAPM said that most purchasers do not see them as
+being significant.
+    The composite index is a seasonally adjusted figure, based
+on five components of the NAPM business survey - new orders,
+production, vendor deliveries, inventories and employment.
+    The monthly report is based on questions asked of
+purchasing managers at 250 U.S. industrial companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2260" NEWID="13259">
+<DATE> 5-APR-1987 20:02:28.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0087&#31;reute
+r f BC-BARCLAYS-DE-ZOETE-WED   04-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARCLAYS DE ZOETE WEDD SETS UP AMSTERDAM OFFICE</TITLE>
+<DATELINE>    LONDON, April 6 - </DATELINE><BODY>British securities house &lt;Barclays de
+Zoete Wedd>, BZW, said it would open today a subsidiary office
+in Amsterdam, its first office in continental Europe.
+    BZW, a wholly-owned subsidiary of Barclays Plc &lt;BCS.L>,
+said in a statement the new company had been built on the
+parent company's former Dutch subsidiary, Barclays Kol.
+    The new company, &lt;Barclays de Zoete Wedd Nederland NV>,
+will focus on trading in both Dutch and international equities
+and will develop a full range of investment banking services.
+    It will initially employ 29, aiming to increase numbers to
+35 by the year-end, it said.
+    BZW said its parent Barclays Bank had subsidiary companies
+active on the stock exchanges of Zurich, Milan and Paris which
+BZW planned to use to strengthen its presence in continental
+Europe.
+    Commenting on the move, BZW chairman Sir Martin Jacombe
+said while international deregulation had turned London, New
+York and Tokyo into "pivotal points for trading across time
+zones, firms like BZW that seek to serve the world-wide
+financial community must have a presence in Europe, not just in
+the U.K."
+    BZW currently employs some 2,000 staff in its offices in
+Britain, Hong Kong, Tokyo, New York and Sydney.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2261" NEWID="13260">
+<DATE> 5-APR-1987 20:33:27.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0096&#31;reute
+u f BC-BRITISH-OPINION-POLLS   04-05 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH OPINION POLLS CONFIRM THATCHER LEAD</TITLE>
+<DATELINE>    LONDON, April 6 - </DATELINE><BODY>Public opinion polls showing a surge in
+support for British Prime Minister Margaret Thatcher following
+her trip to Moscow have raised the possibility she will call a
+spring election, political analysts said.
+    A poll in today's Daily Express showed 39 pct support for
+the ruling Conservative party, 30 pct for the Alliance of
+Liberals and Social Democrats and 29 pct for the Labour party.
+    Reproduced in a general election, the result would give
+Thatcher an overall parliamentary majority of 22.
+    A poll in yesterday's Sunday Times gave the Conservatives
+41 pct support, 12 percentage points ahead of both opposition
+groups -- their biggest lead in three-and-a-half years.
+    Conservative sources have said Thatcher would prefer a
+series of polls giving her party over 40 pct of the vote,
+securing it a clear parliamentary majority, before announcing
+the date for the next election.
+    Lord Whitelaw, Conservative leader in the House of Lords
+and one of Thatcher's closest advisors, yesterday ruled out a
+May general election, but left open the choices of June and
+early autumn.
+    The Sunday Times poll, taken during Thatcher's visit to
+Moscow last week, was the first to show the party breaking
+through 40 pct.
+    The Express poll was the first since Thatcher's trip to
+Moscow, hailed as a triumph by the British media. It confirmed
+a number of recent surveys suggesting that the Alliance had
+overtaken Labour.
+    Thatcher, currently serving her second consecutive term of
+office, does not have to call elections until June 1988 but is
+widely expected to do so within the next six months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2262" NEWID="13261">
+<DATE> 5-APR-1987 20:58:37.26</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>kaufman</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0102&#31;reute
+u f BC-U.S.-CREDIT-MARKET-OU   04-05 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKET OUTLOOK - CAUTIOUS TRADING</TITLE>
+<AUTHOR>    By Martin Cherrin, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 6 - </DATELINE><BODY>U.S. Bond trading is likely to remain
+cautious in the near term with a possible downward price bias
+as market participants focus on trends in the dollar, the
+economy and Federal Reserve policy, economists said.
+    Most expect the economy to continue showing modest gains,
+that the dollar has more room to fall and that the Fed will
+keep policy essentially steady, perhaps for several months.
+    Until trends are clearer, "the market can only attempt to to
+establish and hold a new trading range at higher interest
+rates," said economists at Merrill Lynch Capital Markets.
+    Merrill Lynch economists Raymond Stone and Ward McCarthy
+said that while the fundamentals generally bode for a healthy
+investment climate, the market will have no confidence in this
+environment until there is illumination of and confidence in
+U.S. Dollar/trade policy.
+    Salomon Brothers' Henry Kaufman said the bond market,
+highly sensitized to dollar movements, could be encouraged if
+currency markets seem to be stabilizing or if U.S. And overseas
+economic growth is perceived as slowing sharply.
+    "The crucial question, however, is how soon either of these
+developments is likely to occur," Kaufman said.
+    "Market uncertainties and the erosion of portfolio manager
+confidence could continue portfolio selling pressure a while
+longer," said Philip Braverman, chief economist at Irving
+Securities Corp.
+    However, Braverman said that, "from a longer term
+perspective, current (bond) prices provide a buying
+opportunity."
+    Despite a nearly one-point bond price rebound Friday on
+unexpectedly weak March employment data, key 30-year Treasury
+bonds lost 2-1/4 points in price for the week as a whole and
+Thursday's 7.93 pct closing yield was a 1987 high.
+    Braverman said historical evidence suggests that a long
+bond yield in the 7.93 pct area provides a basis for optimism.
+Bonds closed at 7.86 pct on Friday.
+    The Irving economist noted that three times last year, in a
+similar "paroxysm of pessimism," the key bonds reached a similar
+closing yield high. Within three to six weeks in each instance,
+however, Braverman said bond prices recovered to bring the
+yield down sharply by 63 to 82 basis points.
+    Mitchell Held of Smith Barney, Harris Upham and Co Inc said
+that many portfolio managers now believe yields could approach
+nine pct by midyear, which he considers unlikely.
+    Held said that, since late 1986, Smith Barney analysts have
+spoken about the risk that interest rates could move higher and
+they continue to believe that an upward bias is likely to
+persist over the next few months.
+    Held said that in conversations with portfolio managers
+last week there appeared to be increasing belief that the rate
+rise had just begun and that yields could approach nine pct by
+midyear. Naturally, that would mean a sharp bond price fall.
+    "Yields could rise further over the next few months, but the
+rise should be less than the 65 basis point rise we've seen
+since the start of the year," Held said.
+    Most expect Fed policy to be neutral for bonds near term.
+    "The Fed is currently frozen into a fixed stance," said
+economists at Aubrey G. Lanston and Co Inc.
+    They said the Fed cannot tighten policy and push up
+interest rates as might be appropriate to stabilize the dollar
+and head off renewed inflationary psychology. That might harm
+the fragile U.S. Economic expansion.
+    The Lanston economists said, "The Fed cannot ease its policy
+stance to both foster more rapid economic growth and calm
+domestic and Third World debt jitters without the threat of
+causing a further decline in the dollar."
+    Minutes of February's Federal Open Market Committee (FOMC)
+meeting released Friday showed that while the FOMC left policy
+unchanged it was more inclined to firm rather than ease policy
+later if conditions in the economy, foreign exchange or credit
+markets warranted a policy shift.
+    However, economists generally believe that continued fairly
+sluggish U.S. Economic growth and the financial strains on U.S.
+Banks resulting from their problem loans to developing
+countries rule out any Fed policy firming.
+    There is broad agreement among economists that the FOMC at
+last Tuesday's meeting also left Fed policy unchanged.
+    This week's U.S. Economic data are expected to have little
+impact. February consumer instalment credit numbers are due on
+Wednesday, with March producer price data out Friday.
+    There may be mild relief in some quarters that the U.S.
+Purchasing Managers Composite Index, a closely-watched economic
+indicator, rose only to 53.9 pct in March from 51.9 pct. A
+Friday rumor had put the number far higher. The index's first
+quarter average also was 53.9 pct, translating into real GNP
+growth of about three pct if continued through 1987.
+    Federal funds traded at 5-15/16 pct late Friday and are
+expected to open about there today with no Fed action seen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2263" NEWID="13262">
+<DATE> 5-APR-1987 21:13:49.24</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0116&#31;reute
+b f BC-NATIONAL-AUSTRALIA-BA   04-05 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL AUSTRALIA BANK LOWERS BENCHMARK PRIME</TITLE>
+<DATELINE>    MELBOURNE, April 6 - </DATELINE><BODY>National Australia Bank Ltd &lt;NABA.S>
+said it lowered its benchmark prime lending rate to 18.25 pct
+from 18.5, effective today, but left its base rate at 18.5.
+    The benchmark reduction brings the rate into line with the
+prime rates of most of Australia's trading banks, including
+those of two of the other three major trading banks.
+    However, the rate is above the 18 pct - the lowest ruling
+rate - set by the other major, the Australia and New Zealand
+Banking Group Ltd &lt;ANZA.S>, on Friday and effective today.
+    The benchmark is based on short-term interest rate
+movements while the base rate is tied to longer-term trends.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2227" NEWID="13263">
+<DATE> 5-APR-1987 21:17:28.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0118&#31;reute
+u f BC-CAESARS-WORLD-BOARD-A   04-05 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAESARS WORLD BOARD APPROVES RECAPITALIZATION</TITLE>
+<DATELINE>    NEW YORK, April 5 - </DATELINE><BODY>Caesars World Inc &lt;CAW> said its
+directors unanimously approved a recapitalization plan under
+which stockholders will get a cash distribution of 25 dlrs per
+share via a one-time special cash dividend and will retain
+their common stock ownership in Caesars World.
+    Caesars World said it expects to raise the approximately
+one billion dlrs needed to pay the 25 dlr per share dividend
+and the expenses of recapitalization through around 200 mln
+dlrs in bank borrowings and a public sale of approximately 800
+mln dlrs of debt. Some outstanding debt will be retired.
+    Drexel Burnham Lambert Inc, Caesars' financial advisor, has
+told the company it is confident it can arrange the entire
+financing needed for the recapitalization.
+    Henry Gluck, chairman and chief executive officer of the
+hotel, casino and resorts company, said in a statement the
+board believes the recapitalization plan is financially
+superior to a 28 dlr a share tender offer by Martin Sosnoff.
+    Gluck said the Caesars World board once again recommends
+that shareholders reject the Sosnoff offer.
+    The stock closed at 29.25 dlrs a share on Friday.
+    "Our ability to restructure along these lines is possible
+primarily because of the financial stability and the strong
+operating results achieved by management in recent years," Gluck
+said.
+    He said that after the recapitalization takes effect,
+proforma net income for the fiscal year ended July 31, 1988 is
+expected to be about 28.7 mln dlrs.
+    Fiscal 1988 primary earnings per share are projected to be
+76 cents, based on about 37.8 mln in post-recapitalization
+common and common-equivalent shares outstanding.
+    Commenting on the company's longer term earnings outlook,
+Gluck said "we project net income to increase to 86.2 mln dlrs
+in 1992, reflecting increased operating income and lower
+interest expense due to the retirement of 267 mln dlrs of debt
+incurred in connection with the recapitalization."
+    He said the company does not usually release projections,
+but has done so now beause of the significance of the
+recapitalization.
+    Gluck said the recapitalization plan will be submitted for
+stockholder approval at a special meeting expected in June.
+    The plan will require the approval of stockholders and that
+of the Nevada and New Jersey gaming regulatory authorities.
+    As part of the plan, the company will change its state of
+incorporation from Florida to Delaware by means of a merger of
+Caesars World into a wholly owned subsidiary of the company.
+    The new incorporation certificate and bylaws will provide
+for, among other things, a "fair price" provision requiring that
+certain transactions with interested 15 pct stockholders be
+approved by an 80 pct vote of stockholders, excluding shares
+held by such interested stockholders.
+    Caesars World said in a statement that "the cash
+distribution will result in a substantial deficit in
+stockholders' equity." It did not give an estimate of the size
+of this deficit.
+    But the company said its financial advisors have said they
+believe that after the recapitalization, Caesars World should
+have the financial flexibility and resources necessary to
+finance its current and projected operating and capital
+requirements.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2228" NEWID="13264">
+<DATE> 5-APR-1987 21:58:54.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0128&#31;reute
+u f BC-N.Z.-WEEKLY-T-BILL-TE   04-05 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. WEEKLY T-BILL TENDER SET AT 80 MLN DLRS</TITLE>
+<DATELINE>    WELLINGTON, April 6 - </DATELINE><BODY>The Reserve Bank said it will offer
+80 mln N.Z. Dlrs of treasury bills at its regular weekly tender
+tomorrow.
+    The Bank said in a statement it will offer 30 mln dlrs of
+56-day treasury bills and 50 mln dlrs of 77-day Bills.
+    The Bank will also buy 170 mln dlrs of bills maturing in
+early June and 200 mln dlrs of bills maturing late June for its
+own portfolio.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2229" NEWID="13265">
+<DATE> 5-APR-1987 22:05:37.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0130&#31;reute
+b f BC-AUSTRALIAN-GAS-LIGHT   04-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN GAS LIGHT CO COUNTER-BIDS FOR TMOC</TITLE>
+<DATELINE>    SYDNEY, April - </DATELINE><BODY>&lt;The Australian Gas Light Co> (AGL) said it
+will offer one share plus one dlr cash for every two shares in
+oil and gas producer &lt;TMOC Resources Ltd> in a counter-bid to
+the previously reported takeover offer by Santos Ltd &lt;STOS.S>.
+    The offer values TMOC shares at 4.75 dlrs each, based on
+AGL's closing price of 8.50 dlrs on Friday. TMOC shares jumped
+to 4.60 dlrs on the announcement from its Friday closing price
+of 4.15.
+    The AGL offer, the third to be made for TMOC this year,
+compares with the Santos cash offer of 4.00 dlrs a share.
+    Based on TMOC's issued capital of 62.08 mln shares, the AGL
+offer values the entire company at 249.9 mln shares.
+    AGL said in a statement that it already holds 10.5 pct of
+TMOC's issued capital. This compares with the Santos stake of
+3.1 pct when it announced its bid in March 23.
+    &lt;Elders Resources Ltd> began the auction for TMOC about
+three months ago with an unsuccessful 2.55 dlrs a share
+on-market offer that has since lapsed.
+    AGL said its offer is above the upper end of the range of
+values placed on TMOC by its advisers in the company's response
+urging rejection of the Elders Resources bid.
+    AGL said it will make the same offer for TMOC's convertible
+notes. Accepting share and note holders will participate in
+AGL's planned one-for-one bonus issue.
+    It said TMOC is already a partner with AGL in the Alice
+Springs to Darwin gas pipeline and has a number of businesses
+complementary with those of AGL.
+    AGL is the New South Wales natural gas utility while TMOC
+has extensive onshore holdings, mainly in Queensland where it
+owns the Moonie oil field and in the Northern Territory where
+it operates and holds 43.75 of the Mereenie oil-gas field. It
+also has interests in a number of gas or oil pipelines.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2267" NEWID="13266">
+<DATE> 5-APR-1987 23:01:47.52</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>iea</D><D>oecd</D><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0152&#31;reute
+r f AM-OIL   04-05 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IEA FORECASTS SLOWER GROWTH IN OECD OIL DEMAND</TITLE>
+<DATELINE>    PARIS, April 5 - </DATELINE><BODY>Growth in oil consumption in the Western
+industrialized countries is likely to slow to around one pct
+this year compared with 2.3 pct in 1986, the International
+Energy Agency said.
+    Oil use in the 24 member countries of the Organization for
+Economic Cooperation and Development (OECD) increased by around
+one pct in the first quarter of 1987 to 35.9 mln barrels a day,
+the IEA said in its latest monthly report.
+    Growth in OECD countries is expected to come primarily from
+transport fuels, as was the case in 1986. But if average
+consumer prices are higher than 1986, the rate of growth for
+these fuels may be below last year's 3.6 pct.
+    The IEA said assuming crude and product prices remain nar
+current levels, some destocking by end-users can be expected.
+    If that takes place, natural gas will also regain some of
+the market share it lost to heavy fuel in 1986, it said.
+    IEA estimates on April one put oil stocks held in the OECD
+area at 428 mln tonnes, or 98 days of forward consumption. This
+is about the same as at the begining of the year.
+    The agency said this flat trend is explained by the
+projected seasonal consumption decline in the second quarter of
+the year which offset a reduction in stocks.
+    Company stocks on land in the OECD rose to 326 mln tonnes
+on April one this year compared with 316 mln tonnes in calender
+1986 while governments also built up their strategic stocks to
+102 mln tonnes against 97 mln in 1986.
+    The year-on-year trend of government stock building is
+continuing with company stocks rising, more or less in line
+with consumption, after declining for five years, IEA said.
+    Oil stocks on land in the United States and Canada were put
+at 206.6 mln tonnes down from the 214 mln tonnes on January one
+and equivalent to 94 and 98 days of consumption, respectively.
+    Oil stocks in Western Europe were 147.4 mln tonnes, down
+from the 154 mln tonnes on January one but still equivalent to
+94 days of consumption.
+    The IEA said that initial estimates indicate that company
+stocks fell by 1.2 mln bpd in OECD countries in the first
+quarter of the year. This followed a small rise in January of
+400,000 bpd but a decline of 1.5 bpd in February and 2.5 bpd in
+March.
+    And it is possible that final data will show a larger draw,
+particulary for March, it said.
+    As crude production also fell, there is likely to have also
+been a decline in non-reported stocks, particularly at sea, the
+IEA said.
+    World oil supply fell through the first quarter by about
+two bpd to 45.2 bpd from 47.5 bpd in the last quarter of 1986.
+    This drop was mostly due to a decline in OPEC crude
+production to around 15.5 bpd in February/March from 16.5 bpd
+in January and to the seasonal drop in exports from Centrally
+Planned Economies, the IEA said.
+    Total OPEC oil supply totalled 17.2 bpd in the first
+quarter of 1987 compare with 19.3 bpd in the last three months
+of 1986 while supply from non-OPEC countries totalled 28 bpd as
+against 28.2 bpd in the same 1986 period.
+    A drop in Saudi Arabian output to a tentatively forecast
+3.3 bpd in march from 3.6 bpd in February was the largest
+factor behind the OPEC production decline, the IEA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2231" NEWID="13267">
+<DATE> 5-APR-1987 23:21:19.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0164&#31;reute
+f f BC-Miyazawa-sees-major-n   04-05 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Miyazawa sees major nations reaffirming Paris accord this week-political sources
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2232" NEWID="13268">
+<DATE> 5-APR-1987 23:22:24.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0166&#31;reute
+f f BC-Miyazawa-expects-coor   04-05 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Miyazawa expects coordinated action to stabilize currencies - political sources
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2233" NEWID="13269">
+<DATE> 5-APR-1987 23:28:13.62</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0169&#31;reute
+u f BC-PHILIPPINE-COFFEE-EXP   04-05 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE COFFEE EXPORTS SEEN FALLING SHARPLY</TITLE>
+<DATELINE>     MANILA, April 6 - </DATELINE><BODY>Philippine coffee exports are expected
+to fall sharply due to a combination of the International
+Coffee Organisation's (ICO) decision not to revive export
+quotas and higher local prices, ICO Certifying Agency official
+Dante de Guzman told Reuters.
+    He said exporter registrations dropped from an average
+weekly 500 tonnes in March to 45 tonnes last week, with exports
+in coffee year 1986/87, ending September, forecast to total
+about 8,000 tonnes against 48,000 in 1985/86.
+     "Because of the relatively higher level of domestic prices,
+it has become difficult to service exports," de Guzman said,
+adding that most exporters are taking a wait and see attitude.
+    Coffee production was expected to drop slightly to about
+one mln bags of 60 kg each in the 1986/87 crop year ending June
+from 1.1 mln bags last year, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2271" NEWID="13270">
+<DATE> 5-APR-1987 23:33:47.36</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0171&#31;reute
+b f BC-MIYAZAWA-SEES-BIG-NAT   04-05 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SEES BIG NATIONS REAFFIRMING PARIS PACT</TITLE>
+<DATELINE>    TOKYO, April 6 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa told a
+parliamentary committee he expects major nations to reafffirm
+the currency pact they struck in Paris when they meet this week
+in Washington, political sources said.
+    The Minister also was quoted as saying he expects major
+nations to take coordinated action to ensure exchange rate
+stability.
+    Finance Ministry officials were unavailable for immediate
+comment. In Paris on February 22, six nations - Britain,
+Canada, France, Japan, the U.S. And West Germany - pledged to
+cooperate to hold their currencies stable.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2272" NEWID="13271">
+<DATE> 5-APR-1987 23:44:30.50</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>cameroon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0174&#31;reute
+u f BC-LEADING-COCOA-PRODUCE   04-05 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEADING COCOA PRODUCERS DISCUSS INTERNATIONAL PACT</TITLE>
+<DATELINE>    YAOUNDE, April 6 - </DATELINE><BODY>Leading cocoa producers will discuss
+whether newly-agreed rules on an international cocoa buffer
+stock will succeed in reversing a sharp fall in world prices
+when they start four day's of talks here later today,
+conference sources said.
+    Another topic likely to be discussed at the twice-yearly
+meeting of the Cocoa Producer Alliance (CPA) is the pact's
+second line of market support -- a witholding scheme under
+which exporters can take up to 120,000 tonnes of cocoa off the
+market if buffer stock purchases fail to defend prices.
+    The International Cocoa Organisation is due to discuss the
+scheme at a meeting in June, and exporters could use the
+Yaounde talks to work out a common position on the issue, the
+sources said.
+    Delegates will also be briefed on arrangements for an
+international cocoa research conference due to take place in
+Santo Domingo in the Dominican Republic next month, CPA
+secretary general D.S. Kamga said.
+    The 11-member CPA include the world's top three producers
+of Ivory Coast, Brazil and Ghana and accounts for around 80 pct
+of world output.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2273" NEWID="13272">
+<DATE> 5-APR-1987 23:45:47.90</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0176&#31;reute
+r f BC-AUSTRALIAN-WEEKLY-WHE   04-05 0036</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AUSTRALIAN WEEKLY WHEAT SHIPMENTS - WEEK TO 23-29
+    (in tonnes for crop year beginning oct 1) current week     
+  prev week 316,024           297,045 crop year to date    
+prev crop to date 7,217,394         8,422,811
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2274" NEWID="13273">
+<DATE> 5-APR-1987 23:56:05.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0001&#31;reute
+u f BC-BALDRIGE-SEES-NO-TRAD   04-05 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE SEES NO TRADE WAR WITH JAPAN</TITLE>
+<DATELINE>    WASHINGTON, April 5 - </DATELINE><BODY>U.S. Commerce Secretary Malcolm
+Baldrige said the dispute between the U.S. And Japan over
+computer chips will not develop into a full-scale trade war.
+    "I think both sides will try and make sure that this doesn't
+start a trade war -- as a matter of fact I'm positive that
+there won't be a trade war with Japan," Baldrige said in a
+television interview.
+    President Reagan last week imposed penalties over Japan's
+alleged failure to adhere to a July 1986 agreement to stop
+selling semiconductors in third countries at below cost and to
+open its own market to U.S.-made chips.
+    Despite Tokyo's displeasure with the penalties, Baldrige
+said Japan would refrain from taking retaliatory steps that
+would lead to a trade war, largely because Japan itself would
+have the most to lose in such a conflict.
+    "Japan, I think will -- because they have the means to do it
+-- face up to the fact that as the second largest industrial
+trading power in the world they have to live up to their
+responsibilities of free trade," he said.
+    "I think we'll work our way out of this," he added. "It's not
+going to be easy. But I guarantee you, we're not going to have
+a trade war."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2275" NEWID="13274">
+<DATE> 5-APR-1987 23:59:20.45</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0003&#31;reute
+u f BC-SOUTH-KOREA'S-1987-GN   04-05 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA'S 1987 GNP SEEN GROWING NINE PCT</TITLE>
+<DATELINE>    SEOUL, April 6 - </DATELINE><BODY>South Korea's gross national product (gnp)
+is forecast to grow by nine pct in 1987, surpassing the
+government's original forecast of eight pct and against a 12.5
+pct rise in 1986, an Economic Planning Board report said.
+    The report reviewing the country's economy in the first
+three months of this year said year-on-year gnp was
+provisionally estimated to have grown by about 12 pct in the
+period, against a 10.5 pct growth in the same 1986 period.
+    Board officials said the gnp rise in the January-March
+period is due largely to increased exports, which totalled 9.34
+billion dlrs against 6.9 billion a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22008" NEWID="13275">
+<DATE> 6-APR-1987 00:53:17.57</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>itc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0021&#31;reute
+u f BC-SUBROTO-SAYS-EXTENSIO   04-06 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUBROTO SAYS EXTENSION OF TIN PACT IS UNREALISTIC</TITLE>
+<DATELINE>    JAKARTA, April 6 - </DATELINE><BODY>An extension of the International Tin
+Agreement (ITA) is unrealistic and the pact should be allowed
+to lapse, Indonesian Mines and Energy Minister Subroto told
+reporters.
+    Asked about Jakarta's position for the quarterly session of
+the International Tin Council on April 8-9, Subroto said
+Indonesia had agreed to the formation of a study group to look
+into how to replace the pact.
+    But he said that given the present disagreement between
+producers and consumers, there is unlikely to be any follow-up
+to the ITA.
+    Asked by reporters if Indonesia would support an extension
+of the ITA, he said, "No one will propose that. It's also
+unrealistic to do so."
+    Subroto played a key part in securing agreement between the
+seven member Association of Tin Producing Countries to
+introduce a quota system which limited their exports and
+consumption to 96,000 tonnes in the year starting March 1.
+    Indonesia's quota was set at 24,516 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22112" NEWID="13276">
+<DATE> 6-APR-1987 01:09:31.36</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0033&#31;reute
+b f BC-OIL-MARKET-LIKELY-TO   04-06 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OIL MARKET LIKELY TO REMAIN STABLE, SUBROTO SAYS</TITLE>
+<DATELINE>    JAKARTA, April 6 - </DATELINE><BODY>Indonesian Energy minister Subroto said
+he was very confident of continued stability in the oil market
+because of the determination of Opec members to maintain a
+price of 18 dlrs a barrel.
+    "We are very confident that things will continue this way.
+The short-term outlook is favourable because of the resolution
+of Opec to stick to the 18 dlr price," he said at a signing
+ceremony for a new Indonesian production sharing agreement.
+    He said Opec output continued to remain slightly under its
+agreed ceiling of 15.8 mln barrels, and he expected prices to
+firm slightly in the third quarter of the year.
+    He said at Opec's next meeting in Vienna in June, members
+will face the choice of either maintaining present volume and
+seeing prices rise a bit, or raising the production ceiling so
+that members could produce more in the third and fourth
+quarters of 1987.
+    He gave no figures for how much he thought volume could be
+raised without undermining the 18 dlr target, or any indication
+of which option he preferred.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22170" NEWID="13277">
+<DATE> 6-APR-1987 02:01:51.17</DATE>
+<TOPICS><D>grain</D><D>rice</D><D>wheat</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0063&#31;reute
+u f BC-OPPOSITION-LEADER-WAR   04-06 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPPOSITION LEADER WARNS OF FAMINE IN BANGLADESH</TITLE>
+<DATELINE>    DHAKA, April 6 - </DATELINE><BODY>The failure of the Bangladesh government
+to tackle the country's current food crisis could lead to a
+famine, the leader of the Bangladesh Nationalist Party, Khaleda
+Zia, told a press conference yesterday.
+    Prices of rice rose by at least 25 pct across the country
+in March and the government has begun emergency rice and wheat
+sales to lower cereal prices, a food ministry report said.
+    Ministry officials said the next harvest, due in mid-April
+will ease the situation. "Temporary grain shortage in the arid
+north and some other rain-starved regions is not unusual at
+this time of the year," one official said.
+    Khaleda, said corrupt practices by food officials and
+failure to procure enough grains contributed to the crisis. Her
+remarks coincided with newspaper reports that a continuing heat
+wave has destroyed thousands of acres of crops in the
+south-west.
+    Officials said last week Bangladesh now has only 390,000
+tonnes of grain in stock which would be exhausted in two or
+three weeks. Bangladesh expects to produce 14.5 mln tonnes of
+rice and 1.5 mln tonnes of wheat in 1986/87 ending June 30. It
+revised its food import target for this fiscal year upward by
+300,000 tonnes to 1.8 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22146" NEWID="13278">
+<DATE> 6-APR-1987 04:03:56.29</DATE>
+<TOPICS><D>trade</D><D>gnp</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0158&#31;reute
+u f BC-U.S.-TO-PRESS-FOR-FAS   04-06 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO PRESS FOR FASTER JAPANESE, GERMAN GROWTH</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 6 - </DATELINE><BODY>The U.S. Administration, under
+Congressional pressure to cut the trade deficit, will urge
+Tokyo and Bonn to meet commitments to speed economic growth to
+stabilise currencies at Wednesday's meetings of leading
+industrial nations in Washington, monetary sources said.
+    The U.S. Will also try to develop proposals made at the
+1986 Tokyo Summit for measures to ensure agreements such as the
+Paris Accord are more binding, they said.
+    Treasury Secretary James Baker's dual initiatives reflect
+U.S. Frustration with the two countries for not moving fast
+enough to curb their huge trade surpluses, they added.
+    Japanese Finance Minister Kiichi Miyazawa is expected to
+bring the outline of an economic stimulus package to the
+meeting, which will be attended by West Germany, France,
+Britain, Italy and Canada as well as the U.S. And Japan, the
+sources said.
+    "The sooner the Japanese can announce their intention to
+announce a stimulative package,the better it is for Japan and
+for the exchange markets in general," one of the sources said.
+    Treasury Secretary James Baker said the Paris Agreement, in
+which West Germany and Japan made their commitments, will be
+renewed by the industrial countries this week.
+    Other U.S. Officials said a meeting of the Group of Seven
+will be a status report on progress Bonn and Tokyo have made
+setting up stimulus measures.
+    The U.S. Will tell its partners that it expects a further
+substantial budget deficit reduction package to be agreed with
+Congress this year, the sources said.
+    Washington would like its economic partners to establish
+specific economic policy goals. Sharp deviations from the set
+objectives would trigger consultations among the countries on
+appropriate corrective action, they added.
+    The Paris accord envisaged surplus countries like Japan and
+West Germany stimulating domestic demand to absorb more imports
+and the U.S. Cutting its budget deficit, thereby depressing its
+demand for imports.
+    But the markets are signalling the dollar's floor may be
+far below its level at the time the Paris agreement was struck,
+the sources said.
+    Monetary sources also said the dollar's recent sharp fall
+against the yen reflected the U.S.-Japanese dispute over
+semi-conductor trade which resulted in U.S. Tariffs on certain
+Japanese electronic goods.
+    One of the sources said the dispute has to some extent
+soured the atmosphere ahead of the meetings.
+    Congressional sentiment for protectionist measures, aimed
+particularly at Japan, has strengthened, the sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22046" NEWID="13279">
+<DATE> 6-APR-1987 04:19:37.52</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>japan</D><D>china</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0182&#31;reute
+u f BC-JAPAN-MAKES-SEAMLESS-   04-06 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MAKES SEAMLESS-PIPE DEALS WITH CHINA, USSR</TITLE>
+<DATELINE>    TOKYO, April 6 - </DATELINE><BODY>Sumitomo Metal Industries Ltd &lt;SMIT.T>
+said it and four other firms jointly concluded negotiations to
+export a total of over 400,000 tonnes of seamless pipes in the
+six months to end-September to China and the Soviet Union.
+    Export prices for that period for both countries were set
+100 to 150 yen per tonne higher than previous contracted prices
+due to the yen's gains against the dollar, it said.
+    Contracted export volume for China is likely to be over
+200,000 tonnes against 350,000 for Oct 1986-March 1987, and
+420,000 for April-Sept 1986, and for the Soviet Union over
+200,000 tonnes. No direct Soviet comparison was available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22138" NEWID="13280">
+<DATE> 6-APR-1987 04:26:24.86</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0190&#31;reute
+u f BC-ENIM-OIL-SIGNS-CONTRA   04-06 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENIM OIL SIGNS CONTRACT WITH INDONESIA'S PERTAMINA</TITLE>
+<DATELINE>    JAKARTA, April 6 - </DATELINE><BODY>&lt;Enim Oil Co Ltd>, a wholly owned
+subsidiary of &lt;Southern Cross Ltd> of Colorado, signed a
+production sharing contract with Indonesia's state oil company
+Pertamina to explore for oil in the Lematang block of Sumatra.
+    It was the second production sharing contract signed by
+Pertamina this year. Three contracts were awarded in 1986.
+    The agreement, signed at a public ceremony in the presence
+of Energy Minister Subroto, calls for the standard oil
+production split of 85-15 pct in Pertamina's favour.
+    Hong Kong-based Enim Oil is contracted to spend 120 mln
+dlrs over the next six years, including 10 mln in the first two
+years.
+    The 1,137 sq km Lematang block is located between two oil
+producing sectors of South Sumatra, and Enim officials said
+there is a good chance of getting a high return on investment.
+    A spokesman said the area, which has not been drilled
+before, was neglected because it is deeper than surrounding
+blocks. He said new developments in seismic techniques have now
+made seismic survey possible.
+    The agreement is similar to a production-sharing contract
+Pertamina signed with Occidental Petroleum Corp in February.
+    Gas produced will be divided 70-30 pct in Pertamina's
+favour with operational costs deducted.
+    Pertamina can market at least 50 pct of Enim Oil's
+production share, and Enim must give up 10 pct of its interest
+in the block to an appointed Indonesian company if it finds
+oil.
+    Enim must also set aside 28.57 pct of its crude for
+refining in Indonesia if its share exceeds 150,000 barrels a
+day.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22113" NEWID="13281">
+<DATE> 6-APR-1987 05:03:40.11</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0243&#31;reute
+u f BC-OIL-PRICES-SEEN-HOLDI   04-06 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OIL PRICES SEEN HOLDING STEADY IN SECOND QUARTER</TITLE>
+<AUTHOR>    By Jennie Kantyka, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 6 - </DATELINE><BODY>Japanese oil traders generally expect oil
+prices to remain steady through June, when the next
+Organization of Petroleum Exporting Countries' (Opec) meeting
+is scheduled to take place.
+    Prices have kept to a narrow trading range for more than a
+month, despite coming under considerable pressure in February
+as Japanese oil companies holding high oil stocks strongly
+resist paying official prices, trade sources said.
+    Despite these attempts, spot crude rose steadily to
+stabilize around OPEC's 18 dlr a barrel target, they said.
+    Spot prices fell more than two dlrs during the month,
+mainly on market assumptions Opec was producing more than its
+15.8 mln barrel a day (bpd) self-imposed ceiling and members
+would submit to pressure to discount prices, oil traders said.
+    However, Opec's discipline in holding its price and output
+targets eventually forced many of the buyers back, they said.
+    Countries such as Qatar, Iran and Iraq refused to bend to
+demands for lower prices in spite of threats of non-lifting
+from Japanese buyers.
+    The solidarity of Opec encouraged Qatar to charter vessels
+to store its production rather than cut its prices, they said.
+    Opec's March production was 14.6 mln bpd, 1.2 mln below its
+ceiling, with Saudi Arabia's output just below 3.0 mln bpd
+compared to its Opec quota of 4.133 mln bpd, the Middle East
+Economic Survey estimated.
+    "Of course there was a little cheating but not enough to
+destroy the market," an oil trader in Tokyo said.
+    Opec crudes have been appearing on the spot market at
+discounted prices through barter deals and the swapping of
+Middle East grades for North Sea cargoes, but these trades have
+not generated sufficient volume to depress the market, he said.
+    The current spot values of Middle East grades are only 20
+to 25 cts below official prices, so resistance to buying crude
+under term contracts in the second quarter is likely to be
+weaker, traders said.
+    Indonesia's Minister of Energy and Mines Subroto said today
+OPEC faces the choice of either maintaining present output
+volume at 15.8 mln bpd and seeing prices increase slightly, or
+raising the production ceiling so members can produce more in
+the third and fourth quarters of 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22063" NEWID="13282">
+<DATE> 6-APR-1987 05:42:53.63</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0307&#31;reute
+r f BC-FINNISH-JOBLESS-RATE   04-06 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH JOBLESS RATE UNCHANGED UNDER NEW SYSTEM</TITLE>
+<DATELINE>    HELSINKI, April 6 - </DATELINE><BODY>Finnish unemployment was 6.9 pct in
+January after 6.9 pct in December and 6.8 pct in January last
+year according to the revised formula of the Central Statistics
+Office.
+    It said in a statement 173,000 were unemployed in January
+and December against 158,000 in January 1986.
+    The new formula shows unemployed persons willing to work if
+jobs were available but excludes any coming under the country's
+unemployment pension scheme.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22019" NEWID="13283">
+<DATE> 6-APR-1987 05:57:06.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0334&#31;reute
+b f BC-REUTERS-SEEKS-SHARE-L   04-06 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS SEEKS SHARE LISTING IN TOKYO</TITLE>
+<DATELINE>    LONDON, April 6 - </DATELINE><BODY>Reuters Holdings Plc &lt;RTRS.L> said it
+plans to seek a listing for its shares on the Tokyo Stock
+Exchange later this year, subject to shareholder approval.
+    The Tokyo listing will create a 24-hour market for the
+stock. A company spokesman said the listing is expected in the
+final quarter. Sponsorship for the listing will be disclosed
+after shareholder approval is sought on April 29.
+    Reuters "B" ordinary shares are currently listed on the
+London Stock Exchange, while Reuters American Depositary
+Shares, representing six "B" shares, are quoted on NASDAQ in New
+York.
+    The company said a Tokyo listing would also increase its
+profile in Far Eastern markets. (Reuters has maintained a news
+bureau in Japan since the 1870s, and now employs about 180
+people at its offices in Tokyo and Osaka).
+    Last month, Reuters announced plans jointly with Jiji
+Press, the Japanese financial news agency, to display Jiji
+services through the Reuter monitor and through the Reuter
+Composite Information System, CIS.
+    The Reuter Monitor Dealing Service was launched in Japan in
+1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22007" NEWID="13284">
+<DATE> 6-APR-1987 06:31:59.24</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0370&#31;reute
+b f BC-U.K.-RETAIL-SALES-RIS   04-06 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. RETAIL SALES RISE FINAL 2.21 PCT IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, April 6 - </DATELINE><BODY>The volume of U.K. Retail sales rose a
+final, seasonally adjusted 2.21 pct in February after falling a
+final 2.16 pct in January, Department of Trade and Industry
+figures show.
+    The February all-retailers sales index, base 1980, was put
+at a final 125.0 after 122.3 in January.
+    In the three months from December 1986 to February 1987,
+the level of sales was unchanged from the previous three months
+but was up by almost 6.0 pct from the same 1985/86 period. On a
+non-seasonally adjusted basis, retail sales in February were
+9.0 pct higher than a year earlier, the Department said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22086" NEWID="13285">
+<DATE> 6-APR-1987 06:39:58.92</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0380&#31;reute
+u f BC-INDIUM-CORP-RAISES-PR   04-06 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIUM CORP RAISES PRODUCER LIST PRICE</TITLE>
+<DATELINE>    LONDON, April 6 - </DATELINE><BODY>Indium Corp of America said it has raised
+its list price for indium ingots, minimum 99.97 pct, to 4.50
+dlrs per troy ounce from 3.95 dlrs, effective immediately.
+    Traders said the rise was based on continuing strong
+consumer demand in the United States and Japan.
+    Free market price ideas rose this morning to a nominal
+range of 135 to 145 dlrs per kilo, the highest level for about
+five years, compared with 125/132 dlrs on Friday, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22010" NEWID="13286">
+<DATE> 6-APR-1987 06:46:41.67</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>indonesia</D><D>cuba</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0392&#31;reute
+r f BC-INDONESIA-IMPORTS-12,   04-06 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA IMPORTS 12,000 TONNES CUBAN SUGAR</TITLE>
+<DATELINE>    JAKARTA, April 6 - </DATELINE><BODY>Indonesia has imported 12,000 tonnes of
+refined sugar from Cuba to meet consumer demand in the province
+of South Sulawesi, the head of the provincial food agency said.
+    The imported sugar was needed because two of three sugar
+refineries in the province have been temporarily shut down. It
+arrived in the provincial capital of Ujungpandang today and
+will be distributed to markets in the province, the food agency
+official said.
+    Indonesia used to be a sugar exporter but last year it
+imported 162,500 tonnes of sugar from Thailand, Angola and
+Brazil to bolster its depleted stocks.
+    Indonesia's sugar cane production last year was expected to
+rise significantly but domestic sugar consumption has soared
+because of rising demand by the food processing industry, the
+head of the food logistics agency, Bustanil Arifin, has said.
+    The government has forecast that sugar production in
+calendar 1987 would increase 30.2 pct to 2.59 mln tonnes from
+1.99 mln in 1986 but industry sources doubt whether the target
+could be met due to persistent post-harvest handling and
+transport problems.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22087" NEWID="13287">
+<DATE> 6-APR-1987 06:52:33.65</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0398&#31;reute
+r f BC-MINAS-DE-ALMADEN-TO-H   04-06 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINAS DE ALMADEN TO HOLD MADRID MERCURY CONFERENCE</TITLE>
+<DATELINE>    MADRID, April 6 - </DATELINE><BODY>Spain's Minas de Almaden y Arrayanes S.A.
+Said it will host a conference of mercury producers here at the
+end of April to study how to stimulate low mercury prices.
+    Last week, Almaden and Algerian producer ENOF agreed to
+establish a minimum price of 300 dlrs per flask (34.5 kilos)
+for spot mercury sales, up from the previous minimum of 240
+dlrs.
+    A Minas de Almaden statement said the non-communist world's
+main mercury producers had decided not to sign any contracts
+using the reference price of specialist publications, because
+it was well below their costs of production.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22006" NEWID="13288">
+<DATE> 6-APR-1987 06:53:13.22</DATE>
+<TOPICS><D>instal-debt</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0403&#31;reute
+b f BC-U.K.-CREDIT-BUSINESS   04-06 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. CREDIT BUSINESS RISES IN FEBRUARY</TITLE>
+<DATELINE>    LONDON, April 6 - </DATELINE><BODY>New credit advanced by finance houses,
+retailers, bank credit cards and other specialist providers of
+credit rose to 2.95 billion stg in February from 2.70 billion
+in Janaury, when bad weather had a depressing effect, the
+Department of Trade and Industry said.
+    Of the February total, 1.28 billion stg was advanced on
+bank credit cards.
+    On a three-month basis, total advances in December to
+February were 2.0 pct higher than in the previous three months.
+Within this total, lending to consumers rose by 1.0 pct and
+lending to businesses declined by 4.0 pct.
+    At end February the total amount outstanding was 24.5
+billion stg, up from January's 24.1 billion stg and 4.0 pct
+above the total three months earlier, the Department said.
+    February saw a rise of 400 mln stg in amounts outstanding
+to finance houses, other specialist credit grantors and
+retailers and on bank credit cards between end-January and
+end-February.
+    The Department said advances on bank credit cards rose by
+4.0 pct between the two latest three month periods. Retailers
+advanced three pct less in the latest three months than in the
+previous three months, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22147" NEWID="13289">
+<DATE> 6-APR-1987 06:56:50.21</DATE>
+<TOPICS><D>trade</D><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0407&#31;reute
+u f BC-JAPAN-BUSINESS-TO-URG   04-06 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUSINESS TO URGE GOVERNMENT TO SPUR ECONOMY</TITLE>
+<DATELINE>    TOKYO, April 6 - </DATELINE><BODY>A top Japanese businessman said the
+country's four largest economic organizations will soon present
+to the government a set of proposals to expand domestic demand.
+    Eishiro Saito, Chairman of the Federation of Economic
+Organizations (Keidanren), told a news conference the
+government should draw up a package of economic measures
+totalling more than 5,000 billion yen.
+    Saito said the government's package should include plans to
+remove residual import restrictions on agricultural products
+and to lift tariffs on industrial products.
+    Leading industrialised countries should also step up
+concerted market intervention to stabilize exchange rates,
+Saito said.
+    The measures will be presented to Prime Minister Yasuhiro
+Nakasone as a joint proposal of Keidanren, the Japan Federation
+of Employers' Association, the Japan Committee for Economic
+Development and the Japan Chamber of Commerce and Industry.
+    Saito said Japan should stop paying only lip service to its
+pledges to open its markets.
+    The proposed measures should be undertaken by increased
+fiscal spending, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22114" NEWID="13290">
+<DATE> 6-APR-1987 07:16:23.55</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0442&#31;reute
+u f BC-OIL-MARKET-LIKELY-TO   04-06 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OIL MARKET LIKELY TO REMAIN STABLE, SUBROTO SAYS</TITLE>
+<DATELINE>    JAKARTA, April 6 - </DATELINE><BODY>Indonesian Energy minister Subroto said
+he was very confident of continued stability in the oil market
+because of the determination of Opec members to maintain a
+price of 18 dlrs a barrel.
+    "We are very confident that things will continue this way.
+The short-term outlook is favourable because of the resolution
+of Opec to stick to the 18 dlr price," he said at a signing
+ceremony for a new Indonesian production sharing agreement.
+    He said Opec output continued to remain slightly under its
+agreed ceiling of 15.8 mln barrels, and he expected prices to
+firm slightly in the third quarter of the year.
+    He said at Opec's next meeting in Vienna in June, members
+will face the choice of either maintaining present volume and
+seeing prices rise a bit, or raising the production ceiling so
+that members could produce more in the third and fourth
+quarters of 1987.
+    He gave no figures for how much he thought volume could be
+raised without undermining the 18 dlr target, or any indication
+of which option he preferred.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22005" NEWID="13291">
+<DATE> 6-APR-1987 07:20:01.60</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>iea</D><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y A
+&#22;&#22;&#1;f0458&#31;reute
+u f BC-IEA-SEES-ONE-PCT-GROW   04-06 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IEA SEES ONE PCT GROWTH IN 1987 OECD OIL DEMAND</TITLE>
+<DATELINE>    PARIS, April 6 - </DATELINE><BODY>Growth in oil consumption in the Western
+industrialized countries is likely to slow to around one pct
+this year compared with 2.3 pct in 1986, the International
+Energy Agency (IEA) said.
+    Oil use in the 24 countries of the OECD increased by around
+one pct in first quarter 1987 to 35.9 mln barrels per day, the
+IEA said in its Monthly Oil Market Report.
+    Growth in OECD countries is expected to come primarily from
+transport fuels, as in 1986. But if average consumer prices are
+higher than 1986, the rate of growth for these fuels may be
+below last year's 3.6 pct, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22064" NEWID="13292">
+<DATE> 6-APR-1987 07:21:01.54</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0461&#31;reute
+r f BC-EC-UNEMPLOYMENT-FALLS   04-06 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC UNEMPLOYMENT FALLS SLIGHTLY IN FEBRUARY</TITLE>
+<DATELINE>    LUXEMBOURG, April 6 - </DATELINE><BODY>European Community unemployment fell
+slightly in February to just under 17 mln from 17.1 mln in
+January, the EC statistic's agency Eurostat said.
+    It said the fall came despite a bad winter in most of the
+EC when seasonal factors could be expected to have had a more
+adverse effect.
+    However, the agency added, the long-term trend was
+virtually unchanged stating that compared to February 1986 the
+number of registered unemployed increased by 222,000.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2276" NEWID="13293">
+<DATE> 7-APR-1987 00:03:04.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0001&#31;reute
+u f BC-HONG-KONG-EXCHS-NOON   04-07 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG EXCHS NOON - APR 7</TITLE>
+<DATELINE> us        7.8015 - </DATELINE><BODY>7.8035
+ uk        12.622 - 12.634
+ us/uk     1.6180 - 1.6190
+ us/w ger  1.8215 - 1.8225
+ us/switz  1.5140 - 1.5150
+ spore     3.6506 - 3.6534
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2277" NEWID="13294">
+<DATE> 7-APR-1987 00:07:06.44</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0002&#31;reute
+u f BC-THAI-RICE-EXPORTS-FAL   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI RICE EXPORTS FALL IN WEEK TO MARCH 31</TITLE>
+<DATELINE>    BANGKOK, April 7 - </DATELINE><BODY>Thailand exported 75,160 tonnes of rice
+in the week ended March 31, down from 88,785 tonnes the
+previous week, the Commerce Ministry said.
+    It said the government and private exporters shipped 36,552
+and 38,608 tonnes respectively.
+    Private exporters concluded advance weekly sales for 22,086
+tonnes against 44,483 tonnes the previous week.
+    Thailand exported 1.23 mln tonnes of rice in January/March,
+down from 1.29 mln tonnes a year ago. It has commitments to
+export another 381,171 tonnes this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2278" NEWID="13295">
+<DATE> 7-APR-1987 00:14:40.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0005&#31;reute
+u f BC-OKI-ELECTRIC-STUDIES   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OKI ELECTRIC STUDIES IMPORT OF U.S. CAR PHONES</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>&lt;Oki Electric Industry Co Ltd> may import
+car telephones made by its 100 pct U.S. Subsidiary, &lt;Oki
+America Inc>, for sale in Japan, an Oki spokesman said.
+    The firm would like to import the car phones, which are
+made according to a system developed jointly by Motorola Inc
+&lt;MOT> of the U.S. And Oki Electric, the spokesman said.
+    A final decision will hinge on obtaining approval from
+Japan's Post and Telecommunications Ministry and whether or not
+it is feasible to convert the models to meet Japanese
+specifications, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2279" NEWID="13296">
+<DATE> 7-APR-1987 00:14:47.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0006&#31;reute
+b f BC-SINGAPORE-RUBBER-SSR/   04-07 0059</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER SSR/SMR NOON FIXING - APRIL 7
+ FOB SINGAPORE CENTS PER KILO IN ONE TON PELLETS
+ SSR 20 MAY    170.00 172.00 NOM
+        JUNE   170.00 172.00 NOM
+ SSR 50 MAY    169.00 170.00 NOM
+        JUNE   169.00 170.00 NOM
+ SMR 20 MAY    170.00 172.00 NOM
+        JUNE   170.00 172.O0 NOM
+ SMR 50 MAY    169.00 170.00 NOM
+        JUNE   169.00 170.00 NOM
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2280" NEWID="13297">
+<DATE> 7-APR-1987 00:19:44.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0008&#31;reute
+b f BC-SINGAPORE-RUBBER-NOON   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER NOON - APRIL 7
+ UNCERTAIN    
+ ONES  MAY  195.00 195.50
+      JUNE  192.00 192.50
+    PROMPT  198.50 199.50 NOM
+ ONES JULY     189.00 189.50
+      AUG      189.00 189.50
+      SEPT     189.00 189.50
+      OCTDEC   189.25 189.75
+      JANMARCH 189.75 190.25 APRILJUNE 190.75 191.25
+      TWOS MAY 182.00 184.00 NOM
+      THREES MAY 177.00 179.00 NOM
+      FOURS MAY  170.50 172.50 NOM
+      FIVES MAY  167.50 169.50 NOM
+  NO 1 AIR DRIED SHEET 204.00 206.00 NOM
+ONE PALE CREPE MAY 245.50
+249.50 NOM TWO THICK BLANKET CREPE MAY 149.50 150.50 NOM THREE
+BLANKET CREPE MAY 147.50 148.50 NOM
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2281" NEWID="13298">
+<DATE> 7-APR-1987 00:21:38.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0009&#31;reute
+u f BC-N.Z.-77-DAY-T-BILLS-Y   04-07 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. 77-DAY T-BILLS YIELD 24.97 PCT AT TENDER</TITLE>
+<DATELINE>    WELLINGTON, April 7 - </DATELINE><BODY>The weighted average yield for 50 mln
+N.Z. Dlrs of 77-day Treasury bills sold in this week's regular
+weekly tender was 24.97 pct, the Reserve Bank said.
+    The weighted average yield on 30 mln dlrs of 56-day bill
+was 25.50 pct, it said in a statement. No comparable bills have
+been offered recently.
+    Bids totalling 379 mln dlrs were received for the 80 mln
+dlrs of bills on offer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2282" NEWID="13299">
+<DATE> 7-APR-1987 00:25:50.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0011&#31;reute
+r f BC-BANGKOK-RICE-1---APRI   04-07 0111</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BANGKOK RICE 1 - APRIL 7
+ Offered prices in U.S. Dlrs per tonne
+ FOB basis Bangkok
+                       ASSOCIATION    TRADER
+ Fragrant rice
+ 100 pct 1st class         unq         300
+ 100 pct 2nd class         unq         290
+ 100 pct 3rd class         unq         280
+ White rice
+ 100 pct 1st class         258         253
+ 100 pct 2nd class         228         223
+ 100 pct 3rd class         223         218
+   5 pct                   213         208
+  10 pct                   208         203
+  15 pct                   203         198
+  20 pct                   195         190
+  25 pct                   190         185
+  35 pct                   185         180
+ Offered prices in U.S. Dlrs per tonne
+ FOB basis Bangkok
+                       ASSOCIATION    TRADER
+ Broken rice
+ A-1 super                 146         141
+ A-1 spcl                  143         138
+ C-1 spcl                  unq         unq
+ C-1 ord                   unq         unq
+ Loonzain rice
+ 100 pct 1st grade         unq         unq
+ 100 pct 2nd grade         222         217
+ 100 pct 3rd grade         unq         unq
+ Parboiled rice
+  5 pct                    193         188
+ 10 pct                    188         183
+ Maize                     unq         95.5-96
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2283" NEWID="13300">
+<DATE> 7-APR-1987 00:26:21.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0012&#31;reute
+b f BC-SINGAPORE-RUBBER-TSR   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER TSR 20 NOON - APRIL 7
+ MAY       163.50 164.50
+ JUNE      163.50 164.50
+ JULY      163.50 165.50
+ AUG       163.50 165.50
+ SEPT      163.50 165.50 NOM
+ OCTDEC    164.50 166.50 NOM
+ TONE:     QUIET
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2284" NEWID="13301">
+<DATE> 7-APR-1987 00:27:40.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0014&#31;reute
+u f BC-BANGKOK-TAPIOCA---APR   04-07 0030</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BANGKOK TAPIOCA - APRIL 7 Thai pellets (62 min starch, five pc
+max fibre, three pc max sand, 14 pc max moisture) Apr/Sept  255
+sellers, D-marks per tonne CIF Euro ports (prev 255).
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2285" NEWID="13302">
+<DATE> 7-APR-1987 00:28:35.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0015&#31;reute
+u f BC-SINGAORE-RUBBER-1230   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAORE RUBBER 1230 QUIET - APRIL 7
+  NO 1 RSS MAY  195.00 195.50  (UNCH)
+           MAY  192.00 192.50
+       PROMPT   198.50 199.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2286" NEWID="13303">
+<DATE> 7-APR-1987 00:39:59.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0016&#31;reute
+u f BC-kuala-lumpur-rubber-n   04-07 0049</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Kuala lumpur rubber noon call -april 7 smr 20 (in order
+byr/slr/last trd/sales) may  194.50 196.50 nil jne  195.50
+197.50 nil jly  196.00 198.00 nil aug  166.50 198.50 nil sep 
+196.50 198.50 nil jly/sep 196.50 198.50 nil oct/dec 201.50
+203.50 nil total month nil quarter     nil tone      quiet
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2287" NEWID="13304">
+<DATE> 7-APR-1987 00:40:09.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0017&#31;reute
+u f BC-HONG-KONG-GOLD-1230--   04-07 0065</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+HONG KONG GOLD 1230 - APR 7
+ local mkt (99.00 fine hk dlrs per tael)
+ 3,913.00 (prev clsg 3,905.00)
+ hilo 3,917.00 - 3,896.00
+ international mkt (99.5 fine us dlrs per ounce)
+ 421.10/421.60 (420.25/420.75)
+ hilo 421.40/421.90 - 419.40/419.90
+ krugerrand
+ hk dlrs 3,285.00 (3,300.00)
+ us dlrs equivalent 421.00 (422.90)
+ maple leaf
+ hk dlrs 3,396.00 (3,392.00)
+ us dlrs equivalent 435.20 (434.75)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2288" NEWID="13305">
+<DATE> 7-APR-1987 00:43:32.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0018&#31;reute
+b f BC-malaysian-rubber-noon   04-07 0016</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Malaysian rubber noon - april 7
+ slightly higher ones may  227.50  229.50
+     Jne  227.50  229.50
+Malaysian rubber exchange noon uk/c - april 7 int 2 rss may 
+209.50  210.50  nom threes may     205.50  206.50  nom fours
+may      202.50  203.50  nom fives may      197.50  198.50  nom
+twos   may  210.50 
+211.50  nom threes may  206.50  207.50  nom fours  may  203.50 
+204.50  nom fives  may  198.50  199.50  nom
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2289" NEWID="13306">
+<DATE> 7-APR-1987 00:50:57.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0021&#31;reute
+u f BC-JAPAN-CONSIDERING-BUY   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CONSIDERING BUYING U.S. SUPERCOMPUTER</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>Japan's Ministry of International Trade
+and Industry (MITI) is considering buying a U.S.-built
+supercomputer worth three to four billion yen, but a final
+decision and funding have yet to be determined, MITI said.
+    The Cray II computer, made by Cray Research Inc &lt;CYR>,
+would be used jointly by nine MITI research institutes in
+Tsukuba, northeast of Tokyo, a MITI official told Reuters.
+    Its purchase would be in line with MITI's goal of boosting
+imports, he said.
+    Funds for the supercomputer are not included in the fiscal
+1987 budget currently stalled in parliament.
+    Funds could be provided in a supplementary budget likely to
+be introduced this autumn, the official said.
+    The U.S. Has strongly urged Japan to open its public sector
+to sales of U.S. Supercomputers, and the complaint is a key
+issue in current U.S.-Japan trade friction.
+    One year before it was privatised in April 1985, &lt;Nippon
+Telegraph and Telephone Corp> (NTT) bought a Cray
+supercomputer, an NTT official said, the only public sector
+purchase of a U.S. Supercomputer to date.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2290" NEWID="13307">
+<DATE> 7-APR-1987 00:55:23.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0023&#31;reute
+b f BC-malaysian-exchange-sm   04-07 0079</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Malaysian exchange smr rubber noon fixing - april 7 fob m cts
+per kilo in one tonne pallets smr cv may  242.00  244.00  nom
+jne  243.00  245.00  nom smr l may  241.00  243.00  nom jne 
+242.00  244.00  nom smr 5 may  201.50  202.50  nom jne  202.50 
+203.50  nom smr gp may   -      213.50  nom jne   unquoted smr
+10 may  196.50  198.50  nom jne  197.50  199.50  nom smr 20 may
+ 194.50  196.50  nom jne  195.50  197.50  nom smr 50 may 
+191.00  193.00  nom jne  192.00  194.00  nom
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2291" NEWID="13308">
+<DATE> 7-APR-1987 01:03:00.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0024&#31;reute
+u f BC-TOKYO-RUBBER-(YEN-PER   04-07 0130</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO RUBBER (YEN PER KILO) - APRIL 07
+          PREV     OPG    1045    1345    1445    CLSG  
+OPN/INT
+ APR     123.5   122.9   122.9   122.2                    
+1,668
+ MAY     124.8   124.5   124.0   123.5                    
+3,839
+ JUN     125.2   125.0   124.7   124.8                    
+2,685
+ JUL     125.9   125,8   125.7   125.7                    
+2,439
+ AUG     127.0   126.6   126.1   126.0                    
+2,434
+ SEP     127.3   126.9   127.0   126.9                    
+3,077
+ OCT     127.8   127.1   127.1   127.0                    
+4,008
+ NOV     128.4   128.1   128.0   127.9                    
+6,400
+ DEC     128.5   127.8   128.0   128.1                    
+1,015
+ T/O     1,219     338     250
+ OPN/TTL27,555                                            27,565
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2292" NEWID="13309">
+<DATE> 7-APR-1987 01:04:40.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0025&#31;reute
+u f BC-kuala-lumpur-rubber-n   04-07 0060</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Kuala lumpur rubber noon call - april 7 rss ones (in order
+byr/slr/last trd/sales) may  227.50  229.50  nil jne  227.50 
+229.50  nil jly  229.50  231.50  nil aug  231.50  233.50  nil
+sep  232.50  234.50  nil jly/sep  231.50  233.50  nil oct/dec 
+236.50  238.50  nil jan/mch  241.50  243.50  nil apl/jne 
+246.50  248.50  nil sales    nil quarter  nil tone     quiet
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2293" NEWID="13310">
+<DATE> 7-APR-1987 01:05:46.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0026&#31;reute
+u f BC-malaysian-rubber-1300   04-07 0014</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Malaysian rubber 1300 - april 7
+ quiet ones may  227.50  229.50
+     Jne  227.50  229.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2294" NEWID="13311">
+<DATE> 7-APR-1987 01:07:39.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0027&#31;reute
+u f BC-ZZ-ZD   04-07 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZZ ZD</TITLE>
+<DATELINE>    NEW ZEALAND EXCHS CLOSE - </DATELINE><BODY>April 7
+    N.Z. Dlr....0.5698/05
+    Aust Dlr....0.7076/81
+    U.K. Stg....1.6178/88
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2295" NEWID="13312">
+<DATE> 7-APR-1987 01:09:54.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0028&#31;reute
+b f BC-SINGAPORE-RUBBER-1300   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER 1300 - APRIL 7
+  QUIET
+  ONES RSS MAY  195.50 196.00
+          JUNE  192.50 193.00
+        PROMPT  199.00 200.00 NOM
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2296" NEWID="13313">
+<DATE> 7-APR-1987 01:12:29.51</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>wheat</D><D>rapeseed</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0029&#31;reute
+u f BC-CHINESE-CROPS-HIT-BY   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINESE CROPS HIT BY FROST, SNOW AND RAIN IN MARCH</TITLE>
+<DATELINE>    PEKING, April 7 - </DATELINE><BODY>Wheat and rapeseed crops in east China
+suffered considerable damage because of frost during a spell of
+unusually cold weather in late March, the China Daily said.
+    It said average temperatures for the last 10 days of March
+in most of east China were three to five degrees centigrade
+below average. Snow fell in Jiangsu, Anhui, Hubei and Henan,
+making early rice sowing difficult.
+    Heavy snow blanketted central and south Jilin and north
+Liaoning, leaving farmland too muddy for spring ploughing and
+sowing, the paper said.
+    The paper said rainfall during the last 10 days of March in
+areas south of the Yangtze had been much higher than normal.
+    Heavy rain fell last Sunday in parts of Guangdong, ending a
+particularly arid dry season and marking the start of the flood
+season, it said. It gave no further details.
+    The New China News Agency said rain and snow in Henan had
+improved the prospects for wheat, sown on 4.8 mln hectares, and
+caused a drop in grain prices at rural fairs since late
+February. It gave no 1986 figures for comparison.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2297" NEWID="13314">
+<DATE> 7-APR-1987 01:13:33.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0031&#31;reute
+u f BC-KUALA-LUMPUR-TIN-PRIC   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUALA LUMPUR TIN PRICE CLOSES UNCHANGED</TITLE>
+<DATELINE>    KUALA LUMPUR, April 7 - </DATELINE><BODY>The Kuala Lumpur tin price closed
+unchanged from yesterday's 16.65 ringgit per kilo close after a
+very brief trading session, dealers said.
+    Buyers and sellers were evenly matched at the opening level
+of 16.65 ringgit, and total turnover was 103 tonnes against 135
+yesterday, they added.
+    Buying at this level was mainly noted from the Japan, local
+and Europe, again influenced by steady currency factors,
+despite an easier European spot market.
+    Some cash-strapped miners continued to sell, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2298" NEWID="13315">
+<DATE> 7-APR-1987 01:14:35.64</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0032&#31;reute
+b f BC-JAPAN-CENTRAL-BANK-IN   04-07 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CENTRAL BANK INTERVENES IN TOKYO AFTERNOON</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>The Bank of Japan intervened in early
+afternoon Tokyo trading to support the dollar against active
+selling by institutional investors and speculative selling by
+overseas operators, dealers said.
+    The central bank had also bought dollars against the yen in
+morning trade.
+    The dollar traded around 145.20/30 yen when trading began
+in the afternoon here and weakened only slightly, the dealers
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2299" NEWID="13316">
+<DATE> 7-APR-1987 01:15:56.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-SINGAPORE-RUBBER-ENDS   04-07 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE RUBBER ENDS MORNING - HIGHER</TITLE>
+<DATELINE>    SINGAPORE, April 7 - </DATELINE><BODY>The rubber market ended the morning
+higher with May 1 rss buyers quoted at 195.50 cents/kilo, up
+1.75 cents from yesterday, dealers said.
+    After opening 0.25 cent higher, prices gained further
+ground on some buying support and trade short-covering of
+nearby position in quiet trading, they said.
+    On the TSR-20 market, trading was very quiet and prices
+rose slightly in line with the RSS market, dealers said.
+    TSR-20 May and June were quoted at 163.50 cents/kilo, both
+up 0.50 cent from yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2300" NEWID="13317">
+<DATE> 7-APR-1987 01:23:23.09</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0035&#31;reute
+f f BC-CHASE-AMP-BANK-TO-LOW   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHASE-AMP BANK TO LOWER AUSTRALIAN PRIME RATE TO 17.75 PCT FROM 18.25 TOMORROW
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2301" NEWID="13318">
+<DATE> 7-APR-1987 01:32:13.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0036&#31;reute
+f f BC-japan-ruling-party-se   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>japan ruling party seeks over 5,000 billion yen supplementary budget-party official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2302" NEWID="13319">
+<DATE> 7-APR-1987 01:33:13.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0037&#31;reute
+u f BC-N.Z.-DOLLAR-ENDS-LOWE   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. DOLLAR ENDS LOWER AFTER VOLATILE SESSION</TITLE>
+<DATELINE>    WELLINGTON, April 7 - </DATELINE><BODY>Profit-taking, domestic corporate
+demand and limited Asian buying pushed the New Zealand dollar
+back to just below 0.5700 U.S. Dlrs in late trading after it
+had fallen more than one cent in the morning session, dealers
+said.
+    It finished at 0.5693/00 U.S. Dlrs against a morning's
+quoted low of 0.5600/10, a 0.5720/30 start and a 0.5718/25 end
+yesterday.
+    Dealers said speculation that the Government's year-end
+March budget deficit will be lower than expected and will bring
+lower interest rates caused selling in nervous early trading.
+    Most dealers said deficit figures for the 11 months to end
+February, released during the session, were ignored by many
+traders who believe the figures lacked meaning while the size
+of the March tax-flow to Government is unknown.
+    Dealers said trading will remain uncertain in the
+short-term.
+    "We hav+/Jkgressive rebound in thin trading and now the
+market doesn't ?(e~hoing," one dealer said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2303" NEWID="13320">
+<DATE> 7-APR-1987 01:36:38.09</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>kuwait</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0038&#31;reute
+u f BC-KUWAIT-MAY-RE-REGISTE   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT MAY RE-REGISTER GULF TANKERS - NEWSPAPER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Kuwait may re-register part of its
+tanker fleet with foreign flag jurisdictions, including the
+U.S. And USSR, in an attempt to protect them from Iranian
+missile attacks in the Gulf war zone, U.S. Officials were
+quoted by the New York Times as saying.
+    The transfers would allow the country of registration to
+escort Kuwaiti-owned ships in the Gulf. Kuwait had earlier
+declined an offer of U.S. Naval escorts as too public an
+admission of its need for protection, they said.
+    Kuwait is also looking at flagging-out to European
+registries, the officials said.
+    Soviet flag tankers transporting Kuwaiti oil through the
+Gulf may get Soviet escorts, the officials said.
+    Kuwait had earlier considered having both USSR and U.S.
+Escorts, but the U.S. Was unwilling to give the Soviet Union a
+naval role in the region, the newspaper quoted the officials as
+saying.
+    Kuwait has backed Iraq in the seven-year war against Iran
+and its ships have increasingly been the target of Iranian
+attacks.
+    The U.S. And Kuwait have been negotiating for over a month
+on methods of protecting Kuwaiti ships.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2304" NEWID="13321">
+<DATE> 7-APR-1987 01:36:56.77</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0039&#31;reute
+b f BC-CHASE-AMP-BANK-CUTS-A   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHASE-AMP BANK CUTS AUSTRALIAN PRIME TO 17.75 PCT</TITLE>
+<DATELINE>    SYDNEY, April 7 - </DATELINE><BODY>&lt;Chase-AMP Bank Ltd> said it will lower
+its prime lending rate to 17.75 pct from 18.25, effective
+tomorrow.
+    The bank is the first to lower its prime rate below the 18
+pct set by a few banks in the last few days in a continuation
+of a downward trend which began late last month.
+    Other prime rates range from 18.25 to 18.5 pct, with the
+majority on 18.25.
+    The bank said the reduction reflected the recent downturn
+in money market rates, the improved economic outlook and
+adequate liquidity in the second quarter tax rundown period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2305" NEWID="13322">
+<DATE> 7-APR-1987 01:40:46.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0042&#31;reute
+u f BC-REUTER-MONEY-NEWS-HIG   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER MONEY NEWS HIGHLIGHTS 0530 GMT</TITLE>
+<DATELINE>    TOKYO - </DATELINE><BODY>The Bank of Japan intervened in early aftenoon
+trading to support the dollar against active selling by
+institutional investors and speculative selling by overseas
+operators, dealers said. (NRAV 0513) The dollar was 145.50 yen
+at midday against 145.85 in New York and an opening of 145.95
+yen. It was 1.8215/25 marks against 1.8260/70 in New York.
+(FXJS 0336)
+    WELLINGTON - New Zealand's budget deficit widened to 4.67
+billion N.Z. Dlrs in the 11 months to February 28 compared with
+3.83 billion for the same period a year ago, government
+accounts show. (NRAP 0213)
+    TOKYO - Central Bank Governor Satoshi Sumita said he would
+support the issue of Reagan bonds, yen-denominated U.S.
+Government securities, if it was considered appropriate, a
+Japanese newspaper reported. (NRAN 0125)
+    WASHINGTON - The mere reaffirmation of the Paris Agreement
+on currency stability that Japanese Finance Minister Kiichi
+Miyazwa is seeking in Washington this week will not be enough
+to stop a further decline of the dollar, Japanese currency and
+bond traders said. (NRAL 2258)
+    WASHINGTON - The General Accounting Office is prepared to
+recommend that the federal government take over the Farm Credit
+System in order to stem further financial erosion and to
+protect the government's financial interests in the beleaguered
+farm lending network. (NRAD 2258)
+    WELLINGTON - The weighted average yield for 50 mln N.Z.
+Dlrs of 77-day Treasury bills sold in this week's regular
+tender was 2*p_1yA Bank said. (NRAU 0420) The Bank also said it
+is reducing itsiernight cash target to 30 mln dlrs from 45 mln
+dlrs. (NRAL 2326)
+    HONG KONG - Gold was trading at 421.10/60 U.S. Dlrs an
+ounce at midday, up from the New York finish of 418.10/60 and
+yesterday's close of 420.25/75.
+    NEW YORK - After a few days of volatility, the credit
+markets show signs of settling back into the frustratingly
+narrow ranges that prevailed for much of the first quarter,
+economists said. (NYFQ 2146) Credit markets lost some gains to
+profit taking on an absence of retail followthrough support,
+but still closed with modest gains, dealers said. Fed funds
+ranged from 6-3/16 to 6-1/8 pct. Treasury bill rates fell two
+basis points at three, six and 12 months. (NYFK 21512)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2306" NEWID="13323">
+<DATE> 7-APR-1987 01:47:01.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0048&#31;reute
+b f BC-JAPAN-RULING-PARTY-SE   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN RULING PARTY SEEKS BIG SUPPLEMENTARY BUDGET</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>The ruling Liberal Democratic Party has
+drawn up the guidelines of an economic package including a
+supplementary budget of more than 5,000 billion yen, a senior
+party official said.
+    It also urged the government to concentrate in the first
+half of the current fiscal year which began on April 1 a record
+proportion of the year's public works spending, he said.
+    The LDP also suggested the government review the ceiling on
+budgetary requests for investment in public works projects
+presented by individual ministries, he added.
+    But the LDP official said the government should not abandon
+its fiscal reform target of ending the issue of
+deficit-covering bonds by fiscal 1990.
+    These measures should be treated as an emergency, partly
+because of the urgent need for Japan to redress its external
+trade imbalance with the U.S., He said.
+    The guidelines will be explained to the U.S. This week when
+Finance Minister Kiichi Miyazawa visits Washington for the
+International Monetary Fund (IMF) meeting, he added.
+    The official, the LDP Policy Affairs Research Council's
+Chairman Masayoshi Ito, told a press conference the proposed
+supplementary budget will probably be compiled no earlier than
+August but before November.
+    The guideline will be the basis for a more detailed
+reflationary plan to be worked out by the LDP before Prime
+Minister Yasuhiro Nakasone leaves for Washington on April 29
+for talks with President Reagan, Ito said.
+    The full government-endorsed economic package is expected
+to be announced in late May.
+    The LDP expects public works spending in the first 1987/88
+half to account for more than 80 pct of what was originally
+incorporated in the fiscal 1987 budget, Ito said. The previous
+record for the rate was 77.5 pct in 1986/87.
+    Ito said revenue sources for the additional pump-priming
+measures should include the issue of construction bonds and the
+use of part of the proceeds from sales of the privatized Nippon
+Telegraph and Telephone Corp stocks.
+    An LDP statement said the government should use the
+additional budget mainly to encourage housing construction and
+to revitalize regional economies hit hard by the yen's rise.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2307" NEWID="13324">
+<DATE> 7-APR-1987 01:47:43.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0050&#31;reute
+u f BC-HUNGARIAN-EXCHANGE-RA   04-07 0166</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNGARIAN EXCHANGE RATES</TITLE>
+<DATELINE>    BUDAPEST, April 7, Reuter - </DATELINE><BODY>Hungarian National Bank forint
+buying/selling rates for April 7. Previous rates in brackets.
+(USSR denotes transferable and clearing rouble).
+    U.S.        47.6538/7492       (47.5485/6437)
+    STG         77.1971/3517       (76.3586/5114)
+    DMK         26.1288/1812       (26.1961/2485)
+    SFR         31.3615/4243       (31.3955/4583)
+    FFR          7.8520/8678       ( 7.8729/8887)
+    AUS SCH      3.7172/7246       ( 3.7271/7345)
+    DKR          6.9244/9382       ( 6.9263/9401)
+    BFR          1.2616/2642       ( 1.2649/2675)
+    DFL         23.1441/1905       (23.2057/2521)
+    YEN (100)   32.6030/6690       (32.5340/6000)
+    CAN         36.4604/5334       (36.4300/5030)
+    LIT (100)    3.6670/6750       ( 3.6760/6840)
+    NKR          6.9976/7.0116     ( 6.9775/9915)
+    SKR          7.5117/5267       ( 7.5039/5189)
+    ECU         54.2940/4026       (54.3474/4562)
+    USSR        26.9730/27.0270  (SAME)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2308" NEWID="13325">
+<DATE> 7-APR-1987 01:49:41.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0052&#31;reute
+r f BC-BAHRAIN-DOLLAR-CROSS   04-07 0045</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BAHRAIN DOLLAR CROSS RATES OPG - APRIL 7 EMIRATES  3.6727/32
+BAHRAIN   0.37693/03 JORDAN    0.33640/00 KUWAIT    0.27300/10
+SAUDI     3.7501/05 QATAR     3.6400/15 OMAN      0.38495/05
+STG       1.6180/90 DMK       1.8210/20 SFR       1.5145/55 YEN
+    154.25/35
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2309" NEWID="13326">
+<DATE> 7-APR-1987 01:53:30.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0053&#31;reute
+r f BC-BAHRAIN-DEPOSIT-RATES   04-07 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAHRAIN DEPOSIT RATES - APRIL 7 SAUDI RIYAL - SPOT 3.7501/05 1 </TITLE>
+MT<DATELINE>H  6.12  -  5.87 2  MTH  6.50  -  6.25 3  MTH  6.62  -  </DATELINE><BODY>6.37
+6  MTH  SEVEN -  6.75 1  YR   7.18  -  6.93 EURO DOLLAR 1  MTH 
+6.43  -  6.31 2  MTH  6.50  -  6.37 3  MTH  6.56  -  6.43 6 
+MTH  6.62  -  6.50 1  YR   6.81  -  6.68
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2310" NEWID="13327">
+<DATE> 7-APR-1987 02:02:36.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0055&#31;reute
+u f BC-TOKYO-RUBBER-(YEN-PER   04-07 0132</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO RUBBER (YEN PER KILO) - APRIL 07
+          PREV     OPG    1045    1345    1445    CLSG  
+OPN/INT
+ APR     123.5   122.9   122.9   122.2   122.2            
+1,668
+ MAY     124.8   124.5   124.0   123.5   124.2            
+3,839
+ JUN     125.2   125.0   124.7   124.8   125.3            
+2,685
+ JUL     125.9   125,8   125.7   125.7   125.8            
+2,439
+ AUG     127.0   126.6   126.1   126.0   126.3            
+2,434
+ SEP     127.3   126.9   127.0   126.9   127.1            
+3,077
+ OCT     127.8   127.1   127.1   127.0   126.9            
+4,008
+ NOV     128.4   128.1   128.0   127.9   127.7            
+6,400
+ DEC     128.5   127.8   128.0   128.1   127.9            
+1,015
+ T/O     1,219     338     250     302
+ OPN/TTL27,555                                            27,565
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2311" NEWID="13328">
+<DATE> 7-APR-1987 02:02:43.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0056&#31;reute
+u f BC-JAPAN-AUCTIONS-280-BI   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN AUCTIONS 280 BILLION YEN OF FOUR-YEAR NOTES</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>The Finance Ministry auctioned 280 billion
+yen of four-year government notes, the first auction of fiscal
+1987 which started on April 1.
+    The coupon was set at 3.7 pct, a record low for any
+government note and below the 3.8 pct set on the last two-year
+notes, auctioned in February.
+    Today's issue was the first for four-year notes since last
+May, which produced an average price of 99.79, average yield of
+4.561 pct and a coupon of 4.5 pct, the Ministry said.
+    The auction results will be announced tomorrow afternoon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2312" NEWID="13329">
+<DATE> 7-APR-1987 02:03:16.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0057&#31;reute
+u f BC-HONG-KONG-EXCHS-1400   04-07 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG EXCHS 1400 - APR 7</TITLE>
+<DATELINE> us         7.8010 - </DATELINE><BODY>7.8030
+ uk         12.622 - 12.634
+ us/uk      1.6180 - 1.6195
+ us/w  ger  1.8210 - 1.8220
+ us/switz   1.5140 - 1.5150
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2313" NEWID="13330">
+<DATE> 7-APR-1987 02:16:56.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0058&#31;reute
+u f BC-NEW-ZEALAND-EXCHS-CLO   04-07 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NEW ZEALAND EXCHS CLOSE - April 7
+    N.Z. Dlr....0.5698/05
+    Aust Dlr....0.7076/81
+    U.K. Stg....1.6178/88
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2314" NEWID="13331">
+<DATE> 7-APR-1987 02:19:49.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0059&#31;reute
+u f BC-AUSTRALIAN-STOCKS-CLO   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN STOCKS CLOSE AT RECORD, BUT OFF HIGHS</TITLE>
+<DATELINE>    SYDNEY, April 7 - </DATELINE><BODY>Australian share prices closed at record
+levels, boosted by continued demand for gold and blue chip
+industrials, but fell from the day's highs on late
+profit-taking, brokers said.
+    Hectic overnight demand for leading mining stocks by U.S.
+And European institutions spilled over into early trading here,
+boosting prices to new highs. Investors, encouraged by the
+record gain on Wall Street, a stronger local currency and
+easier interest rates, snapped up leading industrials.
+    But brokers said the late burst of profit-taking may signal
+the end of the bull run.
+    "But overseas people may disregard it tonight and see it as
+a small buying opportunity," one broker said. By the close of
+trading, the all ordinaries index had passed yesterday's record
+close by 7.4 points to reach 1753.7, but was well off its all
+time high of 1762.3.
+    The all industrials index had gained 13.3 points to 2614.7
+and the all resources 3.0 points to 1097.9. The gold index had
+risen 44.7 to 3073.9, eclipsing yesterday's record close
+3026.9.
+    National turnover was a heavy 185.7 mln shares worth 353.1
+mln dlrs, with rises outnumbering falls 389 to 353.
+    Demand for gold mines was keen in the morning session but
+eased during the afternoon. Investors sought out lower priced
+issues after recent strong rises in the sector.
+    ACM and Nuigini Mining gained 60 cents each to 8.10 and
+7.90, Devex added 50 to 13.00, Consolidated Exploration and
+Whim Creek 40 each to 6.90 and 11.00 and GMK 30 to 8.50.
+    Among heavyweight miners, CRA closed 10 up at 7.80 after
+reaching 7.90, Western Mining gained two to 8.12 after reaching
+8.24 and MIM was unchanged at 3.10, off its high of 3.22. More
+than 2.2 mln MIM shares changed hands.
+    Resources leader BHP closed five cents up at 11.60 after
+reaching 11.70. Bell Resources added 20 to 5.70 and Peko
+Wallsend closed 40 up at 7.40 after reaching a high of 7.60.
+    On the industrials board ANZ gained 30 to 5.70, National
+Australia 20 to 5.50 and Westpac seven to 4.90.
+    News Corp put on 10 to 24.30, Northern Star 10 to 3.45 and
+Universal Telecaster's target Mackay TV was steady at 39.00 in
+Brisbane. Telecasters North Queensland, of which Bond Media has
+19.9 pct, rose 20 to 6.50 and Rockhampton TV 40 to 11.50.
+    June share price index futures reached 1767.0 but fell
+sharply to close 13.0 points off yesterday's close at 1735.5.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2315" NEWID="13332">
+<DATE> 7-APR-1987 02:21:36.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0061&#31;reute
+f f BC-Tokyo-stock-market-in   04-07 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo stock market index rises 198.54 to record closing high of 22,784.65
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2316" NEWID="13333">
+<DATE> 7-APR-1987 02:24:05.15</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0062&#31;reute
+b f BC-SWISS-CONSUMER-PRICES   04-07 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS CONSUMER PRICES RISE ONE PCT IN MARCH</TITLE>
+<DATELINE>    BERNE, April 7 - </DATELINE><BODY>Swiss consumer prices rose one pct in the
+year to March, the same rise as in the year to February, and
+against 0.9 pct in the year to March 1986, the Federal
+Statistics Office said.
+    In March alone, prices rose 0.1 pct after a 0.3 pct rise in
+February.
+    The March index, base 1982, was 109.7 against 109.5 in
+February.
+    The Statistics Office said the March increase reflected
+rises in certain sectors such as food, clothing and household
+goods and falls in transport, heating and lighting.
+    Both home produced and imported goods rose by 0.1 pct
+during the month. But over the year as a whole, domestically
+generated inflation reached 2.5 pct, offset by a 2.8 pct drop
+in imports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2317" NEWID="13334">
+<DATE> 7-APR-1987 02:26:54.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+ &#22;&#22;&#1;f0064&#31;reute
+u f BC-SYDNEY-WOOL-CASH-SETT   04-07 0096</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SYDNEY WOOL CASH SETT FUTURES CLSG APR 7
+  MONTH    BUY     SELL    HIGH    LOW     LAST Apr 87    800  
+  840        -       -       - Jun 87    780     810        -  
+    -       - Aug 87    710     720     720     720     720 Oct
+87    710     760        -       -       - Dec 87    740    
+760        -       -       - Feb 88    700     760        -    
+  -       - Apr 88    700     750        -       -       - Jun
+88    700     760        -       -       - Aug 88    700    
+760        -       -       -
+ TOTALS: Volume 2, Open Positions 158 Tone quiet, Movement
+unchanged.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2318" NEWID="13335">
+<DATE> 7-APR-1987 02:33:57.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;R&#22;&#22;&#1;f0065&#31;reute
+u f BC-HONG-KONG-GOLD-1430--   04-07 0029</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+HONG KONG GOLD 1430 - APR 7
+ local mkt (99.00 fine hk dlrs per tael)
+ 3,916.00 (prev clsg 3,905.00)
+ international mkt (99.5 fine us dlrs per ounce)
+ 421.50/422.00 (420.25/420.75)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2319" NEWID="13336">
+<DATE> 7-APR-1987 02:36:20.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0066&#31;reute
+f f BC-Nixdorf-world-group-1   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Nixdorf world group 1986 net profit 222.42 mln marks vs 172.29 mln, div 10 marks
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2320" NEWID="13337">
+<DATE> 7-APR-1987 02:36:46.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0067&#31;reute
+u f BC-TOKYO-EXCH-CLSG---APR   04-07 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO EXCH CLSG - APRIL 07
+ US DLR     145.20/25
+ ONE MTH        34/33
+ TWO MTHS       65/64
+ THREE MTHS     96/94
+ FOUR MTHS     129/125
+ FIVE MTHS     159/157
+ SIX MTHS      194/193
+ (ALL DISCS)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2321" NEWID="13338">
+<DATE> 7-APR-1987 02:49:31.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0070&#31;reute
+u f BC-TOKYO-RUBBER-(YEN-PER   04-07 0133</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO RUBBER (YEN PER KILO) - APRIL 07
+          PREV     OPG    1045    1345    1445    CLSG  
+OPN/INT
+ APR     123.5   122.9   122.9   122.2   122.2   122.3    
+1,668
+ MAY     124.8   124.5   124.0   123.5   124.2   124.3    
+3,839
+ JUN     125.2   125.0   124.7   124.8   125.3   125.2    
+2,685
+ JUL     125.9   125,8   125.7   125.7   125.8   125.7    
+2,439
+ AUG     127.0   126.6   126.1   126.0   126.3   126.7    
+2,434
+ SEP     127.3   126.9   127.0   126.9   127.1   126.9    
+3,077
+ OCT     127.8   127.1   127.1   127.0   126.9   126.7    
+4,008
+ NOV     128.4   128.1   128.0   127.9   127.7   127.5    
+6,400
+ DEC     128.5   127.8   128.0   128.1   127.9   127.8    
+1,015
+ T/O     1,219     338     250     302     168
+ OPN/TTL27,555                                            27,565
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2322" NEWID="13339">
+<DATE> 7-APR-1987 02:51:09.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0071&#31;reute
+r f BC-beirut-gold-opg---apr   04-07 0007</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Beirut gold opg - april 7
+       423.05 dlrs.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2323" NEWID="13340">
+<DATE> 7-APR-1987 02:52:05.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0072&#31;reute
+u f BC-beirut-exchs-opg---ap   04-07 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>Beirut exchs opg - april 7 uk transfer   18350.00 - 18500.00 us</TITLE>
+transfe<DATELINE>r   11330.00 - 11390.00 kuwait        41250.00 -</DATELINE><BODY>41350.00 saudi arabia  3013.00  - 3023.00 france        1865.00
+ - 1885.00
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2324" NEWID="13341">
+<DATE> 7-APR-1987 03:00:26.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0074&#31;reute
+u f BC-SINGAPORE-CD'S-RATE--   04-07 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE CD'S RATE - APRIL 7 ONE MTH       3-3/8  3-1/4 TWO
+MTHS      3-3/8  3-1/4 THREE MTHS    3-3/8  3-1/4 FOUR MTHS    
+3-7/16 3-5/16   FIVE MTHS     3-7/16 3-5/16 SIX MTHS      3-1/2
+3-3/8
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2325" NEWID="13342">
+<DATE> 7-APR-1987 03:01:53.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0076&#31;reute
+b f BC-FRANKFURT-EXCHS-OPG-O   04-07 0014</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FRANKFURT EXCHS OPG ONE - APRIL 7 us  1.8200/15 (1.8260/70) stg
+2.951/955 (2.954/958)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2326" NEWID="13343">
+<DATE> 7-APR-1987 03:02:13.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0077&#31;reute
+b f BC-SINGAPORE-EXCHS-1500   04-07 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE EXCHS 1500 - APRIL 7
+ US      2.1350/60
+ STG     3.4610/45
+ US/STG  1.6210/20
+ HKG     27.35/40
+ AUST    1.5130/50
+ YEN     1.4705/20
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2327" NEWID="13344">
+<DATE> 7-APR-1987 03:02:53.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0078&#31;reute
+u f BC-HONG-KONG-EXCHS-1500   04-07 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG EXCHS 1500 - APR 7</TITLE>
+<DATELINE> us        7.8000 - </DATELINE><BODY>7.8020
+ uk        12.647 - 12.659
+ us/uk     1.6207 - 1.6217
+ us/w ger  1.8205 - 1.8215
+ us/switz  1.5130 - 1.5140
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2328" NEWID="13345">
+<DATE> 7-APR-1987 03:04:28.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0080&#31;reute
+u f BC-AMSTERDAM-EXCHANGES-O   04-07 0016</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AMSTERDAM EXCHANGES OPENING - APRIL 7
+    USD    2.0543-48
+    DMK    112.85-87
+    STG    3.3300-40
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2329" NEWID="13346">
+<DATE> 7-APR-1987 03:05:02.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0081&#31;reute
+u f BC-HONG-KONG-TERM-MONEY   04-07 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG TERM MONEY 1500 - APR 7</TITLE>
+<DATELINE> overnight      4 1/2 - </DATELINE><BODY>4
+ one month      4 7/8 - 4 3/4
+ two months     5 1/8 - 5
+ three months   5 3/16 - 5 1/16
+ six months     5 7/16 - 5 5/16
+ 12 months      6 - 5 3/4
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2330" NEWID="13347">
+<DATE> 7-APR-1987 03:05:46.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0082&#31;reute
+u f BC-DOLLAR-CLOSES-LOWER-I   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR CLOSES LOWER IN TOKYO</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>The dollar closed lower on selling by
+speculators and by institutional investors hedging currency
+risks, dealers said.
+    But the dollar's downward potential was limited by
+persistent Bank of Japan intervention throughout the day.
+    Some dealers started to sell dollars on speculation that
+the Group of Seven meeting expected tomorrow in Washington is
+unlikely to produce any significant new measures to stabilize
+currencies, some dealers said.
+    The dollar closed at 145.25 yen against 145.85/90 in New
+York and 146.00 at the close here yesterday.
+    The dollar ended at 1.8205/15 marks against 1.8260/70 in
+New York.
+    "The market consensus is that the G-7 meeting is unlikely to
+change present underlying bearish sentiment for the dollar and
+is likely just to reaffirm the February 22 Paris accord on
+currency stability," a manager at a Japanese bank said.
+    The dollar decline seem to come to a halt near 145.00 yen
+after the Tokyo closing on shortcovering as many operators seem
+unwilling to hold large positions ahead of the G-7 meeting,
+some dealers said.
+    The dollar ended at 1.8205/15 marks against 1.8260/70 in
+New York.
+    +The market consensus is that a G-7 meeting is unlikely to
+change the underlying bearish sentiment for the dollar and is
+likely just to reaffirm the February 22 Paris accord on
+currency stability,+ a manager at a Japanese bank said.
+    The dollar decline seemed to halt near 145.00 yen after the
+Tokyo close on shortcovering, as many operators seem unwilling
+to hold large positions ahead of the expected G-7 meeting, some
+dealers said.
+    The market is closely watching for a probable meeting
+between U.S. Treasury Secretary James Baker and Japanese
+Finance Minister Kiichi Miyazawa later today ahead of the G-7
+meeting, dealers said.
+    Some dealers said mere reaffirmation of the Paris accord
+would fail to stop the dollar's decline against the yen unless
+the U.S. And Japan make progress in resolving trade and other
+economic friction.
+    Japan is expected to explain to the U.S. The guidelines of
+the ruling Liberal Democratic Party's economic package to
+stimulate domestic demand, a senior party official said.
+    Operators generally see the dollar as still likely to head
+downwards, probably sliding as low as 140.00 yen, despite the
+G-7 meeting, dealers said.
+    The dollar ended at 1.5130/35 Swiss francs against
+1.5180/90 in New York and sterling finished at 1.6205/15 dlrs
+against 1.6175/85.
+    The firm tone of the pound is expected to remain for the
+time being due to bullish sentiment, mainly on speculation the
+ruling Conservative Party would retain power in expected
+general elections, although the Bank of England may intervene
+in the market, some dealers said.
+    The Bank of Japan stepped into the market soon after the
+opening and continued to intervene in the market to buy dollars
+on a small-lot basis all day, dealers said.
+    The mark/yen cross rate fell to 79.76 yen from 80.08 at the
+close here yesterday.
+    Spot dollar/yen volume through brokers was 6.56 billion
+dlrs with a most actively traded rate of 145.55 yen compared
+with 146.10 here yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2331" NEWID="13348">
+<DATE> 7-APR-1987 03:06:52.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0083&#31;reute
+b f BC-LONDON-STERLING-OPENI   04-07 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON STERLING OPENING INDICATION - APRIL 7
+ US              1.6213/23
+ 1 month         48/47
+ two             91/89
+ three           131/128
+ six             227/222
+ 1 year          405/395
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2332" NEWID="13349">
+<DATE> 7-APR-1987 03:08:51.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0084&#31;reute
+u f BC-ZURICH-GOLD-OPENING--   04-07 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH GOLD OPENING - APRIL 7 pool 420.50-423.50 (420.00-423.00
+previous closing) interbank 421.80-422.20 (421.50-422.00
+previous closing)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2333" NEWID="13350">
+<DATE> 7-APR-1987 03:09:10.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0085&#31;reute
+u f BC-STOCKS-CLOSE-AT-RECOR   04-07 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOCKS CLOSE AT RECORD HIGH IN HEAVY TOKYO TRADE</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>Share prices surged to close at a record
+high in heavy trade as record gains on Wall Street yesterday
+and expectations that Japan will take further steps to boost
+its economy drew investors into the market, brokers said.
+    The market average climbed 198.54 to 22,784.65, a record
+closing high. The last closing record, set on April 4, was
+22,738.67. Yesterday the market average lost 152.56.
+    Advances led declines nine to eight in share turnover of
+1.8 billion, the same as yesterday.
+    Railway, securities house, rubber, oil, insurance, glass,
+fisheries, machinery and food stocks led the advance.
+    Brokers said a meeting of the Group of Five industrial
+nations expected in Washington tomorrow is likely to lead to
+further undertakings by Japan to stimulate domestic demand.
+    Gas, some manufacturing, shipbuilding and other shares
+related to the expansion of Japan's economy rose.
+    A Nomura Securities broker said he did not expect another
+cut in Japan's discount rate around the time of tomorrow's
+talks but said the meeting would pressure Japan to import more
+in order to ward off a further yen rise against the dollar.
+    Communications, real estate, warehouse, rolling stock,
+electric power and mining shares fell.
+    The broad-based first section index rose 8.76 to 1,942.07
+after falling 4.77 yesterday. The second section section index
+gained 2.77 to 2,055.38 extending yesterday's 2.58 rise in
+turnover of nine mln against seven mln yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2334" NEWID="13351">
+<DATE> 7-APR-1987 03:09:19.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0086&#31;reute
+b f BC-LONDON-DOLLAR-CROSS-R   04-07 0020</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DOLLAR CROSS RATES OPENING - APRIL 7
+ DMK 1.8195/8205
+ SFR 1.5130/40
+ FFR 6.0560/80
+ DFL 2.0540/50
+ YEN 145.10/20
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2335" NEWID="13352">
+<DATE> 7-APR-1987 03:10:15.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0087&#31;reute
+b f BC-ZURICH-EXCHANGE-OPENI   04-07 0013</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH EXCHANGE OPENING - APRIL 7 us 1.5128-5138 (previous
+closing 1.5185-5195)
+ stg 2.4526-4557      nkr
+22.18-23 can 1.1573-1589      lit 0.11659-11675 dmk 83.09-19   
+     aut 11.8111-8281 dfl 73.61-71         esc 1.0690-0735 ffr
+24.97-25.00      ptas 1.1852-1874 bfr 4.0101-0180      austral
+0.9875slr dkr 22.03-18         yen 1.0424-0438 skr 23.86-91
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2336" NEWID="13353">
+<DATE> 7-APR-1987 03:11:02.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0088&#31;reute
+u f BC-ZURICH-DOLLAR-FORWARD   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH DOLLAR FORWARDS 0900 - APRIL 7 one month 0046/0043 two
+0083/0080 three 0113/0110 six 0227/0219 twelve 0440/0420 all
+discs.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2337" NEWID="13354">
+<DATE> 7-APR-1987 03:11:31.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0089&#31;reute
+b f BC-FRANKFURT-EXCHS-OPG-T   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FRANKFURT EXCHS OPG TWO - APRIL 7 can 1.3917/3925 dfl 88.58/62
+sfr 120.25/40 lit 1.403/406 ffr 30.04/07 nkr 26.71/73 bfr con
+4.828/830 yen 1.2520/2540
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2338" NEWID="13355">
+<DATE> 7-APR-1987 03:11:49.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M
+&#22;&#22;&#1;f0090&#31;reute
+r f BC-TOKYO-GOLD-FUTURES-CL   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO GOLD FUTURES CLSG - APRIL 07
+    (YEN PER GRAM)
+    APR  1,985
+    MAY  1,987
+    JUN  1,996
+    AUG  2,006
+    OCT  2,015
+    DEC  2,026
+    FEB  2,038
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2339" NEWID="13356">
+<DATE> 7-APR-1987 03:12:45.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0092&#31;reute
+u f BC-FRANKFURT-FWDS-OPG-ON   04-07 0018</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FRANKFURT FWDS OPG ONE - APRIL 7 (one, three, six and twelve
+mths) us 42/37, 123/118, 246/236, 490/470 discs
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2340" NEWID="13357">
+<DATE> 7-APR-1987 03:13:25.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0093&#31;reute
+r f BC-SWISS-BANKNOTES---APR   04-07 0066</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SWISS BANKNOTES - APRIL 7 westgermany 82.25-84.50 france
+24.50-25.50 italy 0.1150-0.1210 austria 11.73-12.03 uk
+2.37-2.52 spain 1.14-1.26 portugal 1.02-1.18 netherlands
+72.75-74.75 belgium 3.94-4.13 sweden 23.25-24.50 denmark
+21.50-22.75 norway 21.60-22.85 finland 33.50-35.00 us 1.48-1.57
+canada 1.13-1.20 japan 1.0150-1.0550 greece 1.05-1.25
+yugoslavia 0.20-0.30 turkey 0.18-0.24 australia 1.00-1.12
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2341" NEWID="13358">
+<DATE> 7-APR-1987 03:14:19.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f0094&#31;reute
+b f BC-malaysian-exchs-1500   04-07 0013</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Malaysian exchs 1500 - april 7 us     2.5000/10 uk    
+4.0525/80 spore  117.10/20
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2342" NEWID="13359">
+<DATE> 7-APR-1987 03:14:43.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0095&#31;reute
+u f BC-LONDON-EURO-DOLLAR-DE   04-07 0078</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON EURO DOLLAR DEPOSITS - APRIL 7
+    OPENING INDICATIONS
+ overnight                    6-3/16 1/16
+ tom/next                     6-1/4 1/8
+ spot next                    6-1/4 1/8
+ week fixed                   6-5/16 3/16
+ one month                    6-7/16 5/16
+ two                          6-1/2 3/8
+ three                        6-9/16 7/16
+ six                          6-5/8 1/2
+ nine                         6-3/4 5/8
+ twelve                       6-13/16 11/16
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2343" NEWID="13360">
+<DATE> 7-APR-1987 03:14:45.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0096&#31;reute
+u f BC-SWISS-GOLD-COINS---AP   04-07 0028</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SWISS GOLD COINS - APRIL 7 vreneli 142-152 napoleon 126-136 sov
+old 150-160 sov new 148-158 double eagle 750-900 kruger-rand 
+639-654 mexican  519-523 ingot 20400-20650
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2344" NEWID="13361">
+<DATE> 7-APR-1987 03:16:19.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0097&#31;reute
+b f BC-LONDON-BULLION-OPENIN   04-07 0016</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON BULLION OPENING - APRIL 7
+ GOLD 421.90/422.40 DLRS AN OUNCE
+ (PREVIOUS CLOSE421.50/422.00)
+ Gold            420.10/60 AFTER 421.50/422.00 DLRS
+ Silver spot     671.00/674.00 cents
+ Silver 3 months 424.00/426.00 pence
+ Krugerrand      425.00/428.00 dlrs
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2345" NEWID="13362">
+<DATE> 7-APR-1987 03:17:57.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0100&#31;reute
+u f BC-LONDON-INTERBANK-STER   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON INTERBANK STERLING OPENING -APRIL 7
+ overnight  10-1/4 1/8
+ week       10-3/16 1/16
+ 1 month    10-1/16 9-15/16
+ two        9-15/16 7/8
+ three      9-7/8 3/4
+ six        9-11/16 9/16
+ nine       9-5/8 1/2
+ twelve     9-5/8 1/2
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2346" NEWID="13363">
+<DATE> 7-APR-1987 03:18:00.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0101&#31;reute
+u f BC-SFE-SALES---GREASY-WO   04-07 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SFE SALES - GREASY WOOL CASH SETTLEMENT - April 7 APR JUN AUG  
+2 OCT DEC FEB APR JUN AUG TOTAL 2 DELIVERABLE STOCK  36 MICRONS
+           877
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2347" NEWID="13364">
+<DATE> 7-APR-1987 03:18:05.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0102&#31;reute
+u f BC-PRS-ADD-PARIS-SUGAR-C   04-07 0012</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRS ADD PARIS SUGAR CLOSING - APR 07</TITLE>
+<DATELINE> Accumulative total at 1800 gmt - </DATELINE><BODY>1010
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2348" NEWID="13365">
+<DATE> 7-APR-1987 03:18:44.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0103&#31;reute
+b f BC-IRAN-REPORTS-IMPORTAN   04-07 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN REPORTS IMPORTANT VICTORIES ON SOUTHERN FRONT</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Iran said it had achieved important
+victories against Iraq on the southern war fronts last night.
+    A brief Iranian news agency IRNA report said "Important
+victories achieved in southern fronts Monday night." It gave no
+further details.
+    Iran launched a major offensive, codenamed Karbala-5,
+towards the major southern Iraqi port of Basra in January, but
+there have been no reports of heavy fighting in the area in
+recent weeks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2349" NEWID="13366">
+<DATE> 7-APR-1987 03:19:54.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0104&#31;reute
+r f BC-REUTER-COMMODITIES-NE   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER COMMODITIES NEWS HIGHLIGHTS 0700 GMT - APRIL 7</TITLE>
+<DATELINE>    BANGKOK - </DATELINE><BODY>Thailand exported 75,160 tonnes of rice in the
+week ended March 31, down from 88,785 tonnes the previous week,
+the Commerce Ministry said. (XYYE 0405)
+    PEKING - Wheat and rapeseed crops in east China suffered
+considerable damage because of frost during a spell of
+unusually cold weather in late March, the China Daily said.
+(XYYD 0343)
+    DHAKA - President Hossain Mohammad Ershad said the army
+could be called out to tackle the current food shortage, but he
+dismissed fears of an impending famine. (XYXZ 0145)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2350" NEWID="13367">
+<DATE> 7-APR-1987 03:19:59.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0105&#31;reute
+u f BC-PRS-PARIS-SUGAR-18.00   04-07 0015</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS SUGAR 18.00 GMT - APR07
+ May 1158/1168  ba with 1163P
+ AUG 1180/1190  ba with 1185P
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2351" NEWID="13368">
+<DATE> 7-APR-1987 03:21:57.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0106&#31;reute
+u f BC-PRS-PARIS-COCOA-18.30   04-07 0006</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS COCOA 18.30 - APR   07
+ NIL
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2352" NEWID="13369">
+<DATE> 7-APR-1987 03:26:33.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0107&#31;reute
+u f BC-TOKYO-RUBBER-(YEN-PER   04-07 0141</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO RUBBER (YEN PER KILO) - APRIL 07
+          PREV     OPG    1045    1345    1445    CLSG  
+OPN/INT
+ APR     123.5   122.9   122.9   122.2   122.2   122.3    
+1,668
+ MAY     124.8   124.5   124.0   123.5   124.2   124.3    
+3,839
+ JUN     125.2   125.0   124.7   124.8   125.3   125.2    
+2,685
+ JUL     125.9   125,8   125.7   125.7   125.8   125.7    
+2,439
+ AUG     127.0   126.6   126.1   126.0   126.3   126.7    
+2,434
+ SEP     127.3   126.9   127.0   126.9   127.1   126.9    
+3,077
+ OCT     127.8   127.1   127.1   127.0   126.9   126.7    
+4,008
+ NOV     128.4   128.1   128.0   127.9   127.7   127.5    
+6,400
+ DEC     128.5   127.8   128.0   128.1   127.9   127.8    
+1,015
+ T/O     1,219     338     250     302     168     283
+ OPN/TTL27,555                                           
+27,565
+ TOTAL TURNOVER 1,341 (FIVE-TONNE LOTS)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2353" NEWID="13370">
+<DATE> 7-APR-1987 03:26:41.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0108&#31;reute
+u f BC-LONDON-DOLLAR-CROSS-R   04-07 0089</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DOLLAR CROSS RATES OPENING - APRIL 7
+      SPOT           1 MONTH      3 MONTHS     6 MONTHS
+ STG 1.6213/23       52/49        131/127      225/220
+ DMK 1.8195/8205     42/39        122/117      246/241
+ SFR 1.5130/40       48/43        114/109      228/218
+ DFL 2.0540/50       19/16        58/53        129/122
+ BFC 37.69/72        01/04        03/08        09/16
+ FFR 6.0525/75       85/105       240/270      465/515
+ LIT 1296/1298       310/360      900/1100     1800/2300
+ YEN 145.05/15       35/31        98/93        200/190
+ CAN     1.3073/78
+ BFR FIN 37.82/87
+ DKR     6.8675/8725
+ NKR     6.8100/50
+ SKR     6.3350/3400
+ AUS SCH 12.79/81
+ HK      7.8015/20
+ IRL     1.4680/90
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2354" NEWID="13371">
+<DATE> 7-APR-1987 03:27:07.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0111&#31;reute
+u f BC-LONDON-LIFFE-U.S.-T-B   04-07 0031</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON LIFFE U.S. T-BONDS 0825 - APR 7
+ MTH     LAST   HIGH     LOW   PR.SET
+ Jun     9726   9727    9726     9802
+ Sep      ---    ---     ---     9700
+ Dec      ---    ---     ---    10012
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2355" NEWID="13372">
+<DATE> 7-APR-1987 03:28:17.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0112&#31;reute
+u f BC-KOBE-RUBBER-(YEN-PER   04-07 0077</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+KOBE RUBBER (YEN PER KILO) - APRIL 07
+          PREV       OPG      CLSG
+ APR     121.9     121.7      121.6
+ MAY     123.4     123.4      123.8
+ JUN     125.0     124.7      124.3
+ JUL     125.9     125.9      125.7
+ AUG     126.8     126.8      126.6
+ SEP     127.5     127.1      127.1
+ OCT     127.8     127.3      127.1
+ NOV     129.0     128.4      127.9
+ DEC     128.8     128.3      128.0
+ T/O       155       216        141
+ TTL T/O  1,601 (FIVE TONNE LOTS)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2356" NEWID="13373">
+<DATE> 7-APR-1987 03:28:53.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0113&#31;reute
+u f BC-JOHANNESBURG-EXCHS-CL   04-07 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+JOHANNESBURG EXCHS CLOSING - APRIL 7 US  0.4920/27 STG
+3.2950/80 DMK 0.8955/65 SFR 0.7445/55 FFR 2.9810/30 DFL
+1.0110/20 YEN 71.35/45
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2357" NEWID="13374">
+<DATE> 7-APR-1987 03:30:02.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0114&#31;reute
+b f BC-JOHANNESBURG-EXCHS-OP   04-07 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+JOHANNESBURG EXCHS OPENING - APRIL 7 US  0.4920/27 STG
+3.2950/80 DMK 0.8955/65 SFR 0.7445/55 FFR 2.9810/30 DFL
+1.0110/20 YEN 71.35/45
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2358" NEWID="13375">
+<DATE> 7-APR-1987 03:31:58.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0115&#31;reute
+b f BC-FINAL-TERMS-SET-ON-K-   04-07 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINAL TERMS SET ON K-O-P WARRANT BOND</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The coupon on the 100 mln dlr warrant
+bond for Kansallis-osake-Pankki (K-o-P) has been set at 4-5/8
+pct compared with the indicated range of 4-1/8 to 4-5/8 pct,
+lead manager Morgan Stanley International said.
+    Each 1,000 dlr bond has ten warrants attached which are
+exercisable into K-o-P free shares at 50 Finnish markka per
+share. The foreign exchange rate on the seven year bond was set
+at 4.4450 markka to the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2359" NEWID="13376">
+<DATE> 7-APR-1987 03:32:29.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0116&#31;reute
+b f BC-MADRID-EXCHANGES-OPG   04-07 0013</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MADRID EXCHANGES OPG 7 APR 070932 US DOLLAR 127.40/70 (PREVIOUS
+CLSE. 127.60/90)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2360" NEWID="13377">
+<DATE> 7-APR-1987 03:34:28.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0117&#31;reute
+b f BC-LONDON-STERLING-RATES   04-07 0066</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON STERLING RATES OPENING - APRIL 7
+ US       1.6213/23      YEN     235.10/40
+ CAN      2.1190/1220    DKR     11.1180/1330
+ DMK      2.9540/75      NKR     11.0350/0500
+ DFL      3.3265/3300    SKR     10.2530/2680
+ SFR      2.4525/55      AUS SCH 20.70/75
+ BFC      60.99/61.11    PORT    227.70/229.90
+ FFR      9.8050/8150    SPAIN   206.30/70
+ LIT      2101/2104      ECU     1.4198/4214
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2361" NEWID="13378">
+<DATE> 7-APR-1987 03:35:32.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0118&#31;reute
+b f BC-CONSGOLD-STERLING-EUR   04-07 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSGOLD STERLING EUROBOND INCREASED, FIXED</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The 15-year convertible eurobond for
+Consolidated Goldfields has been increased to 110 mln stg from
+the initial 100 mln stg and the final terms fixed, lead manager
+Credit Suisse First Boston Ltd said.
+    The coupon was set at 6-3/4 pct compared with the indicated
+6-3/4 to seven pct while the conversion price was set 10.80 stg
+per share, a premium of some 16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2362" NEWID="13379">
+<DATE> 7-APR-1987 03:36:28.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0119&#31;reute
+u f BC-DOLLAR-OPENS-EASIER-I   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR OPENS EASIER IN QUIET FRANKFURT</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>The dollar opened easier in quiet
+trading and should stay firmly entrenched in its established
+range ahead of this week's round of international finance
+meetings, dealers said.
+    "There is little turnover, no new ideas or impulses," a
+dealer at a U.S. Bank said. "It promises to be a boring day."
+    He said the dollar's range was expected to be 1.8075 to
+1.8250 marks in the run-up to the International Monetary Fund
+forum. The mark eased against some currencies on speculation
+call money rates could fall further. Despite this, the dollar
+opened lower at 1.8200/15 marks after yesterday's 1.8260/70.
+    The Bundesbank is due to announce a securities repurchase
+tender today. Money market dealers said funds may be allocated
+at lower than the 3.80 pct the bank has set since its monetary
+package at the end of January, softening the mark's undertone.
+    Sterling opened at 2.951/955 marks, just under yesterday's
+closing 2.954/958, and was seen firming further against major
+currencies on a wave of popularity for British prime minsiter
+Margaret Thatcher's ruling Conservatives.
+    "Sterling is looking very healthy at the moment," one dealer
+said, adding that Japanese security houses bought pounds at the
+start of trading.
+    Dealers said the pound was also supported by an improved
+British economic outlook and stability in the oil market.
+    The Swiss franc continued to firm against the mark as
+investors took advantage of the interest rate differential.
+    It opened higher at 120.25/40 marks per 100 after
+yesterday's last 120.10/25.
+    The yen strengthened to open at 1.2520/2540 marks per 100
+from yesterday's last 1.2490/2510 and the French franc was
+unchanged at yesterday's last 30.04/07 marks per 100.
+    The Belgian franc was stable at 4.828/830 marks per 100.
+    The Danish crown started at 26.48/51 marks per 100, little
+changed from yesterday's closing 26.49/51.
+    Eurodollar deposit rates were steady from late yesterday,
+with six month funds unchanged at midpoint 6-9/16 pct.
+Six-month euromarks were stable at midpoint 3-7/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2363" NEWID="13380">
+<DATE> 7-APR-1987 03:36:40.77</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0120&#31;reute
+r f BC-JAPAN'S-LIPC-TO-BUY-B   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S LIPC TO BUY BEEF ON APRIL 23</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>Japan's Livestock Industry Promotion Corp
+(LIPC) said that on April 28 it will import 7,515 tonnes of
+beef for the first half of the 1987 fiscal year started on
+April 1 under the simultaneous buy and sell tender system,
+against 6,813 a year ago.
+    The system calls on the agency to buy beef from trading
+houses and simultaneously sell it to users in one tender. The
+tender quota in April-September is 10 pct of the agency's beef
+import share. Japan's beef import quota in 1987/88 was set at
+93,000 tonnes against 85,000 for the same period in 1986/87.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2364" NEWID="13381">
+<DATE> 7-APR-1987 03:36:45.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0121&#31;reute
+u f BC-SINGAPORE-ASIAN-DLR-C   04-07 0052</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE ASIAN DLR CLSG - APRIL 7 TUES/WED    6-5/16 6-3/16
+WED/THURS   6-5/16 6-3/16 7 DAYS FIX  6-5/16 6-3/16 ONE MTH    
+6-1/2 6-3/8 TWO MTHS    6-9/16 6-7/16 THREE MTHS  6-9/16 6-7/16
+FOUR MTHS   6-9/16 6-7/16 FIVE MTHS   6-5/8 6-1/2 SIX MTHS   
+6-11/16 6-9/16 NINE MTHS   6-3/4 6-5/8 TWELVE MTHS 6-3/16
+6-11/16
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2365" NEWID="13382">
+<DATE> 7-APR-1987 03:36:54.55</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0122&#31;reute
+r f BC-JAPAN'S-LIPC-TO-BUY-B   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S LIPC TO BUY BEEF ON APRIL 23</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>Japan's Livestock Industry Promotion Corp
+(LIPC) said that on April 28 it will import 7,515 tonnes of
+beef for the first half of the 1987 fiscal year started on
+April 1 under the simultaneous buy and sell tender system,
+against 6,813 a year ago.
+    The system calls on the agency to buy beef from trading
+houses and simultaneously sell it to users in one tender. The
+tender quota in April-September is 10 pct of the agency's beef
+import share. Japan's beef import quota in 1987/88 was set at
+93,000 tonnes against 85,000 for the same period in 1986/87.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2366" NEWID="13383">
+<DATE> 7-APR-1987 03:37:01.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0123&#31;reute
+u f BC-LONDON-LIFFE-EURODOLL   04-07 0063</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON LIFFE EURODOLLAR 0835 - APR 7
+ MTH     LAST   HIGH     LOW   PR.SET
+ Jun     9333   9333    9333     9336
+ Sep      ---    ---     ---     9330
+ Dec      ---    ---     ---     9322
+ Mar      ---    ---     ---     9308
+ Jun      ---    ---     ---     9288
+ Sep      ---    ---     ---     9267
+ Dec      ---    ---     ---     9245
+ Mar      ---    ---     ---     9224
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2367" NEWID="13384">
+<DATE> 7-APR-1987 03:37:05.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0124&#31;reute
+u f BC-LONDON-CDS-MORNING--A   04-07 0051</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON CDS MORNING -APRIL 7
+     STERLING
+ 1 month        10 9-7/8
+ two            9-7/8 3/4
+ three          9-13/16 11/16
+ six            9-1/2 3/8
+ nine           9-1/2 3/8
+ twelve         9-3/8 1/4
+    US DOLLAR
+ 1 month        6.32/27
+ two            6.33/28
+ three          6.36/31
+ six            6.45/40
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2368" NEWID="13385">
+<DATE> 7-APR-1987 03:37:14.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0125&#31;reute
+u f BC-LONDON-LIFFE-STERLING   04-07 0063</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON LIFFE STERLING-DP 0835 - APR 7
+ MTH     LAST   HIGH     LOW   PR.SET
+ Jun     9077   9078    9077     9078
+ Sep      ---    ---     ---     9104
+ Dec      ---    ---     ---     9108
+ Mar      ---    ---     ---     9098
+ Jun      ---    ---     ---     9083
+ Sep      ---    ---     ---     9061
+ Dec      ---    ---     ---     9051
+ Mar      ---    ---     ---     9030
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2369" NEWID="13386">
+<DATE> 7-APR-1987 03:37:22.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0126&#31;reute
+u f BC-BRUSSELS-EXCHANGES-OP   04-07 0013</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BRUSSELS EXCHANGES OPENING - APRIL 7 US DLR COM 37.67 37.74 US
+DLR FIN 37.70 38.10
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2370" NEWID="13387">
+<DATE> 7-APR-1987 03:38:53.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0127&#31;reute
+u f BC-ASIAN-DOLLAR-DEPOSITS   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIAN DOLLAR DEPOSITS CLOSE QUIETLY STEADY</TITLE>
+<DATELINE>    SINGAPORE, April 7 - </DATELINE><BODY>Asian dollar deposit rates closed
+steady at opening levels in dull and featureless trading,
+dealers said.
+    They said most operators refrained from taking large
+positions amid expectations that the group of seven would hold
+currency talks on the sidelines of the International Monetary
+Fund conference in Washington later this week.
+    Short-dates were mostly steady at the outset and remained
+unchanged in subsequent trading.
+    Overnight, Wednesday/Thursday and week-fixed closed at a
+common 6-5/16 6-3/16 pct.
+    Term rates were little changed from earlier levels of 6-1/2
+6-3/8 pct for one month, 6-9/16 6-7/16 pct for three months,
+6-11/16 6-9/16 pct for six months and 6-13/16 6-11/16 pct for
+one year.
+    Asian dollar CD rates held unchanged at the morning's
+levels in quiet trading, dealers said.
+    One month closed at 6.45/35 pct, three months at 6.55/45
+pct and six months at 6.65/55 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2371" NEWID="13388">
+<DATE> 7-APR-1987 03:39:00.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0128&#31;reute
+u f BC-LONDON-EURO-DEPOSITS   04-07 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON EURO DEPOSITS - YEN MORNING  - APRIL 7
+ one week      
+ 1 month       3-15/16 13/16
+ two           3-15/16 13/16
+ three         FOUR 3-7/8
+ six           FOUR 3-7/8
+ twelve        FOUR 3-7/8
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2372" NEWID="13389">
+<DATE> 7-APR-1987 03:41:15.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0131&#31;reute
+u f BC-CORRECTED-SINGAPORE-A   04-07 0064</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTED SINGAPORE ASIAN DLR CLSG - APRIL 7 TUES/WED    6-5/16
+6-3/16 WED/THURS   6-5/16 6-3/16 7 DAYS FIX  6-5/16 6-3/16 ONE
+MTH     6-1/2 6-3/8 TWO MTHS    6-9/16 6-7/16 THREE MTHS 
+6-9/16 6-7/16 FOUR MTHS   6-9/16 6-7/16 FIVE MTHS   6-5/8 6-1/2
+SIX MTHS    6-11/16 6-9/16 NINE MTHS   6-3/4 6-5/8 TWELVE MTHS
+6-13/16 6-11/16 (CORRECTING TWELVE MTHS 6-13/16 6-11/16 FROM
+6-3/16 6-11/16)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2373" NEWID="13390">
+<DATE> 7-APR-1987 03:41:41.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0132&#31;reute
+u f BC-YEN-BOND-FUTURES-CLOS   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEN BOND FUTURES CLOSE SHARPLY HIGHER</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>Yen bond futures prices closed sharply
+higher reflecting the steep advance in cash bond prices on
+purchases by end-investors and banks' dealing accounts, which
+was followed by broker buying, dealers said.
+    Key June ended at 110.68 against the 109.93 finish
+yesterday after opening at 110.25 and rising to a high of
+110.75. September ended at 109.40 against 108.74.
+    Short-term rates dropped by one point in response to a
+seasonal surplus of some 400 billion yen, money traders said.
+City and trust bank dealing acounts actively bought low coupon
+cash issues, accelerating the futures rally, dealers said.
+    Most currency dealers here believe the dollar will remain
+bearish despite the expected Group of Seven meeting in
+Washington tomorrow.
+    Should the dollar fall further, Japan might have to ease
+its credit policy, which would lend support to the market, bond
+dealers said.
+    The unconditional yen call rate was 3.6250 pct today, up
+from 3.6875 yesterday. The two-month commercial bill discount
+rate was 3.8750 pct, up from 3.9375. The three-month
+certificate of deposit rate, the representative open money
+market rate, was 4.14/03, up from 4.18/06 yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2374" NEWID="13391">
+<DATE> 7-APR-1987 03:44:33.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0136&#31;reute
+r f BC-TOKYO-CALL-MARKET---A   04-07 0129</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO CALL MARKET - APRIL 07
+ DLR CALL RATES
+    OVERNIGHT            6-5/16   6-1/4
+    ONE WEEK             6-3/8    6-1/4
+    ONE MTHS             6-15/32  6-13/32
+    TWO MTHS             6-17/32  6-15/32
+    THREE MTHS           6-9/16   6-1/2
+    SIX MTHS             6-21/32  6-19/32
+    TURNOVER             5,637 BILLION
+ YEN CALL RATES
+    UNCONDITIONAL        3.6250/6875
+    TWO AND THREE DAYS   3.6250/6875
+    FOUR AND FIVE DAYS   UNFIXED
+    SIX DAY              3.6250/6875
+    ONE WEEK             3.6875/7500
+    TWO WEEK             3.6875/7500
+    THREE WEEK           3.7500/8125
+ BILL DISCOUNT RATES
+    ONE MTH              3.8125/8750
+    THREE MTH            3.9375/4.0000
+ GENSAKI RATES
+    THREE MTHS           3.955 (AVE) 4.000 (HIGH) 3.800 (LOW)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2375" NEWID="13392">
+<DATE> 7-APR-1987 03:44:57.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0137&#31;reute
+u f BC-RPT--LONDON-EURO-DEPO   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+RPT- LONDON EURO DEPOSITS - YEN MORNING -APRIL 7
+ one week      FOUR 3-7/8
+ 1 month       3-15/16 13/16
+ two           3-15/16 13/16
+ three         FOUR 3-7/8
+ six           FOUR 3-7/8
+ twelve        FOUR 3-7/8
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2376" NEWID="13393">
+<DATE> 7-APR-1987 03:46:02.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0138&#31;reute
+u f BC-TESCO-EXTENDS-HILLARD   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TESCO EXTENDS HILLARDS OFFER</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Tesco Plc &lt;TSCO.L> said it was extending
+its 151 mln stg contested bid for &lt;Hillards Plc> until May 1.
+    It said it now controlled 9.8 pct of Hillards shares,
+comprising acceptances of the offer for 1.5 mln, or 3.1 pct,
+and 3.2 mln, or 6.7 pct, owned by itself, its pension fund or
+its associates.
+    It also controlled 23,250 convertible preference shares, or
+0.2 pct.
+    Hillards shares were unchanged at 313p while Tesco was two
+pence firmer at 475p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2377" NEWID="13394">
+<DATE> 7-APR-1987 03:48:52.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0141&#31;reute
+u f BC-LONDON-LIFFE-STERLING   04-07 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON LIFFE STERLING 0847 - APR 7</TITLE>
+ MTH     LAST   HIGH     LOW   PR.SET
+<DATELINE> Jun      ---    ---     ---    </DATELINE><BODY>16085
+ Sep      ---    ---     ---    15985
+ Dec      ---    ---     ---    15885
+ Mar      ---    ---     ---    15784
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2378" NEWID="13395">
+<DATE> 7-APR-1987 03:57:14.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0143&#31;reute
+b f BC-LONDON-STERLING-FORWA   04-07 0081</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON STERLING FORWARDS OPENING - APRIL 7
+        1 MONTH        3 MONTHS      6 MONTHS
+ US     52/49          131/127       225/220
+ CAN    57/47          138/127       231/214
+ DMK    163/152        435/419       805/787
+ DFL    138/126        363/346       671/652
+ SFR    157/143        382/367       706/681
+ FFR    178/127        408/335       620/510
+ YEN    132/121        348/333       646/623
+ LIT    18/05          -26/+13       -05/+83
+ BFC    18/12          45/35         71/57
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2379" NEWID="13396">
+<DATE> 7-APR-1987 03:57:49.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0144&#31;reute
+u f BC-U.S.-DOLLAR-CLOSES-LO   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DOLLAR CLOSES LOWER IN THIN HONG KONG TRADING</TITLE>
+<DATELINE>    HONG KONG, April 7 - </DATELINE><BODY>The U.S. Dollar closed lower after a
+day of thin trading as most operators were sidelined ahead of
+the International Monetary Funds meeting in Washington this
+week, dealers said.
+    They noted the Group of Seven industrialised nations is
+expected to meet and discuss currency movements during the
+course of the IMF gathering.
+    But some speculative selling of the dollar was noted on
+conviction that the Bank of Japan will intervene less during of
+the meetings. The dollar ended at 145.15/20 yen against Tokyo's
+145.25 close and New York's final 145.85/90.
+    Dealers said, however, the Japanese central bank bought
+dollar persistently throughout today and limited the dollar's
+falls.
+    The U.S. Unit eased to 1.8205/15 marks from an early
+1.8230/40 and New York's 1.8260/70 close.
+    It was under pressure also because most traders anticipated
+the currency meeting to bring little surprise, dealers said.
+    Sterling advanced to 1.6200/10 dlrs from an early 1.6185/95
+and New York's final 1.6175/85 on rising support to the ruling
+Conservative Party of Britain, dealers said.
+    They said the pound gained ground on belief that Prime
+Minister Margaret Thatcher will call an early general election
+in June.
+    But chartists said they expect strong resistance around
+1.62 dlrs.
+    Elsewhere the dollar fell to 1.5137/47 Swiss francs from
+New York's final 1.5180/90 and was lower at 6.0600/20 French
+francs against 6.0745/75.
+    Asian dollar deposits were lower with the three months
+settling at 6-1/2 3/8 pct against Friday's close of 6-11/16
+9/16 and the six months eased to 6-5/8 1/2 pct from 6-3/4 5/8.
+    The Hong Kong dollar stayed on the weak side of its 7.80
+peg with the U.S. Unit, finishing at 7.8015/35 against Friday's
+close here of 7.8005/25.
+    Interbank rates were firmer following the local banks' move
+to raise prime rates by half-point to 6-1/2 pct, effective
+today, dealers said.
+    The overnight rose to 4-1/2 1/4 pct from Friday's close of
+four 3-1/2, while the three months was unchanged at 5-1/4 1/16
+pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2380" NEWID="13397">
+<DATE> 7-APR-1987 04:02:30.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f0147&#31;reute
+u f BC-HONG-KONG-EXCHS-CLSG   04-07 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG EXCHS CLSG - APR 7</TITLE>
+<DATELINE> us         7.8015 - </DATELINE><BODY>7.8035
+ uk         12.646 - 12.658
+ us/uk      1.6187 - 1.6194
+ us/w  ger  1.8215 - 1.8225
+ us/switz   1.5140 - 1.5150
+ us/yen     145.20 - 145.30
+ spore      3.6501 - 3.6528
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2381" NEWID="13398">
+<DATE> 7-APR-1987 04:02:32.66</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0148&#31;reute
+f f BC-******   04-07 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank sets 28-day securities repurchase tender at fixed 3.80 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2382" NEWID="13399">
+<DATE> 7-APR-1987 04:02:56.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0149&#31;reute
+u f BC-TOKYO-RUBBER-FUTURES   04-07 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO RUBBER FUTURES CLOSE QUIETLY LOWER</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>Rubber futures closed 0.2 to 0.9 yen per
+kilo down except nearby June which was unchanged at 125.2,
+despite a higher Singapore market this morning, dealers said.
+    Prices maintained their decline all day after opening
+easier on sporadic stoploss selling due to the dollar's slight
+drop against the yen but nearby and mid-term months recovered
+slightly at the second afternoon session on small-lot buying in
+thin trading.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2383" NEWID="13400">
+<DATE> 7-APR-1987 04:03:14.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0150&#31;reute
+u f BC-BRUSSELS-EXCHANGES-OP   04-07 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BRUSSELS EXCHANGES OPENING TWO - APRIL 7 FFR 6.21 6.23 STG
+61.02 61.25 DFL 18.32 18.38 SFR 24.85 24.95 DMK 20.67 20.75
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2384" NEWID="13401">
+<DATE> 7-APR-1987 04:04:36.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0151&#31;reute
+b f BC-LONDON-METAL-INDICATI   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON METAL INDICATIONS AT 0900 - APR 7
+    ALL THREE MONTHS BUYER SELLERS
+    COPPER     875 877
+    LEAD       298 300
+    ZINC       455 457
+    SILVER     424 426
+    ALUMINIUM  806 808
+    NICKEL    2345 2365
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2385" NEWID="13402">
+<DATE> 7-APR-1987 04:06:37.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0152&#31;reute
+r f BC-BANGKOK-GOLD/EXCHANGE   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BANGKOK GOLD/EXCHANGE CLOSING - April 7 Gold bar (98.00 pct
+15.244 grammes)
+ 5350 baht  (opg 5350) Equivalent in US dlrs per ounce
+ 425.72  (425.72) Exchanges: US   25.64/25.79 UK  
+41.44/41.7425 HK   3.2775/3.315
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2386" NEWID="13403">
+<DATE> 7-APR-1987 04:08:53.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0154&#31;reute
+u f BC-malaysian-rubber-1600   04-07 0014</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Malaysian rubber 1600 - april 7
+ quiet
+ ones may 227.50 229.50
+      Jne 227.50 229.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2387" NEWID="13404">
+<DATE> 7-APR-1987 04:13:09.67</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0156&#31;reute
+b f BC-BUNDESBANK-SETS-NEW-R   04-07 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK SETS NEW REPURCHASE TENDER</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>The Bundesbank set a new tender for a
+28-day securities repurchase agreement, offering banks
+liquidity aid at a fixed bid rate of 3.80 pct, a central bank
+spokesman said.
+    Banks must make their bids by 1400 GMT today. Funds will be
+allocated by 0900 GMT tomorrow and credited to accounts later
+in the day. Banks must repurchase securities pledged on May 6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2388" NEWID="13405">
+<DATE> 7-APR-1987 04:14:07.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0157&#31;reute
+u f BC-LONDON-EURODOLLAR-DEP   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON EURODOLLAR DEPOSITS RATES OPENING - APRIL 7
+ overnight     6-1/8 SIX
+ tom/next      6-1/4 1/8
+ spot/next     6-1/4 1/8
+ week fixed    6-5/16 3/16
+ one month     6-7/16 5/16
+ two    6-1/2 3/8       three 6-9/16 7/16
+ four   6-9/16 7/16     five  6-5/8 1/2
+ six    6-5/8 1/2       nine  6-3/4 5/8
+ twelve 6-13/16 11/16
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2389" NEWID="13406">
+<DATE> 7-APR-1987 04:14:56.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0158&#31;reute
+u f BC-STOCKS-CLOSE-WEAKER-I   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOCKS CLOSE WEAKER IN HONG KONG</TITLE>
+<DATELINE>    HONG KONG, April 7 - </DATELINE><BODY>Share prices closed weaker but well
+above their lows on late bargain hunting in fairly quiet
+trading, brokers said.
+    The Hang Seng Index lost 15.29 points to end the day at
+2,664.70 after falling more than 40 points in late morning. The
+Hong Kong Index shed 10.69 to 1,713.81. Turnover was 657.5 mln
+H.K. Dlrs against Friday's 694 mln.
+    Brokers said sentiment remained bearish despite the late
+recovery as the controversy surrounding the issuance of "B"
+shares by major corporates still overshadowed the market,
+adding that the local prime rate rise also dampened interest.
+    Brokers said the market showed little immediate impact from
+the suspension of trading in the shares of Wharf, World
+International and Hk Realty despite speculation of a
+reorganisation. On Friday, Wharf fell five cents to 8.60 dlrs.
+    Cheung Kong and Hutchison ended unchanged at 41.75 and 51
+dlrs on late support. Jardine Matheson shed 10 cents to 22.40
+dlrs, Swire "A" 50 to 21.30 and Hk Bank 10 to 8.30.
+    Hk Hotels rose 3.50 dlrs to 74.50 dlrs in active trading.
+    The April Hang Seng Index Futures rose one point to 2,686
+with 8,592 lots traded while June gained three to 2,733.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2390" NEWID="13407">
+<DATE> 7-APR-1987 04:15:24.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M
+&#22;&#22;&#1;f0159&#31;reute
+r f BC-TOKYO-GOLD-FUTURES-CL   04-07 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO GOLD FUTURES CLOSE MOSTLY EASIER</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>Yen-denominated gold futures closed down
+three to 10 yen per gramme following the lower New York market
+except distant December which was unchanged, dealers said.
+    Trading in gold was featureless as most speculators'
+interest shifted to silver which has risen in line with the
+higher New York market.
+    International bullion was 421.90/422.40 dlrs an ounce
+aginst 418.10/60 in New York.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2391" NEWID="13408">
+<DATE> 7-APR-1987 04:17:34.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0161&#31;reute
+b f BC-SINGAPORE-RUBBER-1615   04-07 0018</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER 1615 - APRIL 7
+ QUIET
+ ONES MAY  195.50 196.00
+     JUNE  192.50 193.00
+   PROMPT  199.00 200.00
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2392" NEWID="13409">
+<DATE> 7-APR-1987 04:20:48.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0163&#31;reute
+b f BC-LONDON-METAL-INDICATI   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON METAL INDICATIONS AT 0919 - APR 7
+    ALL THREE MONTHS BUYER SELLERS
+    COPPER     875 877
+    LEAD       298 300
+    ZINC       455 457
+    SILVER     424 426
+    ALUMINIUM  806 808
+    NICKEL    2345 2365
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2393" NEWID="13410">
+<DATE> 7-APR-1987 04:22:58.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0164&#31;reute
+u f BC-GERMAN-BONDS-BARELY-C   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BONDS BARELY CHANGED IN QUIET PRE-BOURSE</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>Prices of public authority bonds were
+barely changed in quiet pre-bourse trading, with some foreign
+investors taking profits but others opening fresh positions.
+    Dealers said long maturities fluctuated between gains and
+losses of around 10 pfennigs. Today's slight drop in the value
+of the dollar and yesterday's modest gains on U.S. Credit
+markets had little impact on business here.
+    Domestic investors remained sidelined ahead of the G-7
+meeting this week. Dealers said today's quietness was also a
+technical reaction to recent sharp gains.
+    Mark eurobonds were little changed in thin trading.
+    The six pct 1997 federal government loan stock fell 10
+pfennigs to 103.20, 103.45. The 5-3/4 pct 1997 bond for the
+same address eased five pfennigs to 101.25, 101.50.
+    Yields of mortgage and municipal paper eased one to two
+basis points in thin trading. 10-year yields fell to 6.26 pct
+from 6.28 and five-year yields declined to 5.13 pct from 5.15.
+    In mark eurobonds, the 5-1/2 pct 1992 East Asiatic offer
+was unchanged at 98-1/4, 98-1/2. Ireland's 6-1/2 pct 1997 bond
+was steady at 98-1/2, 99.
+    Syndication managers said one new issue could be launched
+during the European afternoon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2394" NEWID="13411">
+<DATE> 7-APR-1987 04:23:10.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0165&#31;reute
+u f BC-TOKYO-BOND-MARKET-CLO   04-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO BOND MARKET CLOSES SHARPLY HIGHER</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>The cash bond market closed higher in
+active trade led by securities houses' speculative buying and
+end-investor purchases of low coupon issues, triggered by
+declines in short-term interest rates, dealers said.
+    The yield on the 5.1 pct 89th bond of 1996 closed at the
+low for the day of 3.905 pct against the 3.955 close yesterday,
+and the 3.930 opening. The 5.3 pct 95th bond of 1997 finished
+at 4.010 pct against 4.165 at yesterday's close and an opening
+today of 4.100. Active dealing accounts of city and trust banks
+heavily bought low coupon issues on the rate decline and in
+expectation of a further fall, dealers said.
+    The lingering bearish outlook for the dollar is sustaining
+hopes of another drop in Japanese rates, regardless of what
+emerges from the expected meeting tomorrow of the G-7 meeting.
+    The key U.S. 7-1/2 pct Treasury bond due 2016 was 95.26-28
+in late Tokyo trade against the 96.04-06 New York finish.
+    In the absence of retail participation, the key bond eased
+on dealer position adjustments on the dollar's renewed weakness
+ahead of the expected meeting.
+    However, some bankers said Japanese investors would return
+to the market, due to a wider Japan/U.S. Yield gap and demand
+for liquidity, but only if the dollar stabilizes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2395" NEWID="13412">
+<DATE> 7-APR-1987 04:23:39.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0166&#31;reute
+u f BC-PRS-PARIS/LE-HAVRE-CO   04-07 0042</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS/LE HAVRE COFFEE OPG - APR07
+ May 1191/1210 ba
+ Jul 1195      BID
+ Sep 1220/1255 ba
+ Nov 1230      BID
+ Jan 1240      BID
+ Mar 1255      BID
+ May 1255      BID
+ Sales at call NIL   accumulative total NIL
+ Yesterday' s official turnover:65
+ QUIET
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2396" NEWID="13413">
+<DATE> 7-APR-1987 04:26:01.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0168&#31;reute
+u f BC-LONDON-GASOIL-CALL-CO   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GASOIL CALL COMPLETE  0923 - APR 7</TITLE>
+ MTH      LAST    BYR    SLR   HIGH    LOW SALES
+<DATELINE> Mar       ---    ---    ---    ---    ---   ---
+ </DATELINE><BODY>Apr    148.00 148.00 148.25 148.50 147.75    38
+ May    146.75 146.75 147.00 147.00 146.25    29
+ Jun    146.00 146.00 146.50 146.50 146.00     8
+ Jul       --- 145.50 147.00    ---    ---   ---
+ Aug       --- 146.00 148.00    ---    ---   ---
+ Sep       --- 146.50 151.00    ---    ---   ---
+ Oct       --- 145.00    ---    ---    ---   ---
+ Nov       --- 145.00    ---    ---    ---   ---
+ TOTAL SALES     75
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2397" NEWID="13414">
+<DATE> 7-APR-1987 04:26:27.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0169&#31;reute
+b f BC-EQUITIES-MAINLY-HIGHE   04-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITIES MAINLY HIGHER IN QUIET EARLY LONDON</TITLE>
+<DATELINE>    London, April 7 - </DATELINE><BODY>Shares prices were mostly higher at the
+oustset, bouyed by the latest opinion polls, one of which shows
+the ruling Conservative party having a 13 point lead over the
+Labour opposition party. Record closes on both the New york and
+Tokyo stock exchanges supported market sentiment.
+    Dealers expect the market to open around five to eight
+points higher but then ease back should buying support fail to
+emerge. The market appears fairly convinced of a Conservative
+win in the next general election but is likely to be restrained
+by uncertainty over its timing.
+    Unilever rose 18p to 2,589 and British Telecom 2p to 254.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2398" NEWID="13415">
+<DATE> 7-APR-1987 04:27:08.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0170&#31;reute
+b f BC-SINGAPORE-RUBBER-1630   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER 1630 QUIET - APRIL 7
+ ONES RSS MAY 195.50 196.50 (UNCH)
+         JUNE 192.50 193.50
+       PROMPT 199.00 200.00
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2399" NEWID="13416">
+<DATE> 7-APR-1987 04:28:10.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0171&#31;reute
+b f BC-BANK-OF-JAPAN-TO-SELL   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 800 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>The Bank of Japan will sell tomorrow a
+total of 800 billion yen worth of financing bills from its
+holdings to help absorb a projected money market surplus of
+1,300 billion yen, money traders said.
+    Of the total, 400 billion yen will yield 3.8502 pct on
+sales from money houses to banks and securities houses in a
+41-day repurchase accord maturing on May 19.
+    Another 400 billion yen will yield 3.7991 pct in a 20-day
+repurchase pact maturing on April 28, they said.
+    The repurchase agreement yields compare with the 3.8125 pct
+one-month, and 3.7500 pct three-week commercial bill discount
+rates today.
+    Tomorrow's surplus is attributable to government tax
+allocations to local governments and public entities.
+    The operation will put outstanding bill supply at about
+4,300 billion yen, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2400" NEWID="13417">
+<DATE> 7-APR-1987 04:28:38.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0172&#31;reute
+u f BC-BRITISH-OPNION-POLLS   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH OPNION POLLS KEEP CONSERVATIVES AHEAD</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Two British opinion polls showed the
+ruling Conservative Party would retain power with a clear
+majority in general elections.
+    A poll for commercial television, conducted after Prime
+Minister Thatcher returned from Moscow, this morning gave the
+Conservatives their highest rating since they were re-elected
+in 1983, with 43 pct of the votes, Labour 30 and the Social
+Democratic-Liberal Alliance 26 pct.
+    Another poll in the Times newspaper taken in 73 key
+marginal constituencies, predicted a Conservative majority of
+92 seats.
+    Thatcher, does not have to call elections until June 1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2401" NEWID="13418">
+<DATE> 7-APR-1987 04:30:16.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0174&#31;reute
+u f BC-DOLLAR-STARTS-LOWER-I   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR STARTS LOWER IN QUIET PARIS</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>The dollar started lower after an easier
+close in the Far East on selling amid continuing bearish
+sentiment and despite Bank of Japan intervention, dealers said.
+    But they said European markets were likely to be calm
+today, with the dollar remaining in a narrow trading range
+ahead of the Washington monetary talks.
+    The dollar was quoted at an early 6.0565/90 francs after a
+late 6.0710/30 range here and close in New York at 6.0745/75.
+    The mark was quoted at an early 332.72/75 francs per 100
+against last night's late 332.70/72 range.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2402" NEWID="13419">
+<DATE> 7-APR-1987 04:31:01.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0175&#31;reute
+u f BC-DOLLAR-STARTS-EASIER   04-07 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR STARTS EASIER IN LONDON, STERLING FIRM</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The dollar opened easier after markets in
+the Far East had sold it down for yen, defeating new attempts
+by the Bank of Japan to check the yen's rise through sustained
+currency intervention, dealers said.
+    But trading was slow and uninsipired and although dollar
+sentiment remained bearish, especially against the yen, dealers
+expected no major movements ahead of tomorrow's Group of Seven
+finance ministers' meeting.
+    Sterling remained well bid as two new opinion polls showed
+that the ruling Conservative party had increased its strong
+lead, increasing the chances of an early election, they said.
+    The dollar opened at 145.05/15 yen compared with 146.00/10
+at yesterday's European close. It closed at 145.25 yen in Tokyo
+after New York's 145.85/90.
+    The dollar opened at 1.8195/8205 marks after yesterday's
+close in Europe of 1.8245/55. It closed at 1.8205/15 in Tokyo
+after finishing at 1.8260/70 in New York.
+    Sterling opened marginally weaker on its trade-weighted
+index, dropping one basis point to 72.3. But it started firmer
+at 1.6213/23 dlrs against 1.6163/73 last night. It was also
+firmer against the mark.
+    The pound opened at 2.9540/9575 marks against 2.9490/9530
+in Europe last night. But it lost some ground shortly after the
+opening, trading quietly around 2.95 marks.
+    Dealers said that with uncertainty still surrounding the
+dollar, yen and mark, sterling looks strong and attractive on
+due to an apparent surge of support for the ruling Conservative
+party, relatively high interest rates and a strong economy.
+    One opinion poll today showed the Conservatives had a
+13-point lead over the opposition Labour party and a 17-point
+lead over the Liberal-Social Democratic Alliance. Another
+forecast a 92 seat Conservative majority in a new parliament.
+    One dealer reported a large sterling buying order from a
+Japanese institution earlier today.
+    But dealers were cautious to push sterling much higher amid
+wariness of intervention by the Bank of England. The bank was
+thought to have intervened repeatedly yesterday but it was not
+sighted in the market today, dealers said.
+    On the dollar, dealers said all eyes were turned to
+Washington where finance ministers and central bank governors
+of the Group of Seven leading industrial nations will meet
+tomorrow to review their February 22 Paris currency
+stabilisation pact.
+    Few expect the meeting to produce more than a vaguely
+worded confirmation of the Paris goals of currency stability
+and increased economic cooperation.
+    This outcome would almost certainly lead to renewed dollar
+weakness, especially against the yen, with levels around 140
+yen well within reach, some dealers said.
+    "But you never know. Perhaps the Japanese do come up with
+some sort of stimulation package that would satisfy the market
+after all," a dealer with a U.S. Bank said. He noted news that
+Japan was working out a reflationary supplementary 1987 budget.
+    A senior official of the Japanese ruling Liberal Democratic
+Party said earlier today the party has drawn up the outline of
+a reflationary economic package including a 5,000 billion yen
+supplementary budget for fiscal 1987.
+    The dollar opened at 1.5130/40 Swiss francs against
+1.5180/90 in Europe. It opened at 6.0525/75 French francs, down
+from its European close of 6.0660/0710.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2403" NEWID="13420">
+<DATE> 7-APR-1987 04:31:32.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0176&#31;reute
+u f BC-EQUITIES-OPEN-MIXED-I   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITIES OPEN MIXED IN QUIET LONDON TRADING</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Share prices opened mixed in relatively
+quiet trading after early indications suggested a positive move
+forward on the back of the latest opinion polls and record
+closing highs on the Tokyo and Wall Street stock exchanges. At
+0815 GMT the FTSE 100 index was 4.7 off at 1984.5.
+    Dealers said the effect of news today of two opinion polls,
+one of which, conducted for the television programme TV-AM,
+placing the Conservative party 13 points ahead of the
+Opposition Labour Party was offset by a belief that the
+market's gains yesterday may have been overdone and that a
+period of consolidation is due.
+    An opinion poll published in the Times newspaper today
+which measured party support in marginal seats gave the ruling
+Conservative Party a lead of six points over the Labour Party.
+    Operators said although the market is generally convinced
+the Conservatives will win the next general election,
+uncertainty over the date is continuing to provide an
+unsettling influence.
+    Among the leaders, ICI lost 2p at 1,333, Beecham 8p at 525
+and Glaxo 4p at 1,484 but Wellcome lost 25p at 393 on
+profittaking, dealers said.
+    Dealers also said fears of a trade war with Japan, although
+less acute, remain a nagging concern in the absence of fresh
+developments
+    Unilever gained 10p to 2,560, Dixons 4p to 373, British
+Telecom a penny to 253 and Reuters 2p to 701.
+    In lower oils BP shed 6p at 914 in the wake of news
+yesterday that Standard Oil considered inadequate BP's 70 dlrs
+per share tender offer for the 45 pct of Standard that it does
+not already own. Shell declined 5p to 1,228.
+    Banks were mostly lower but showed modest declines.
+Barclays eased a penny to 503, as did Natwest at 588.
+    Standard Chartered lost 3p to 821 after recent gains on bid
+speculation. Press reports said Australian businessman Robert
+Holmes A'Court increased his stake in the company yesterday.
+Dealers said Lloyds bank is widely expected to renew its offer
+for Standard once its one-year bid limit ends in July. Lloyds
+rose one penny to 488.
+    Government bonds showed gains ranging to 3/16 point, mostly
+due to bullish sentiment generated by today's opinion polls,
+dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2404" NEWID="13421">
+<DATE> 7-APR-1987 04:31:40.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0177&#31;reute
+u f BC-DOLLAR-OPENS-LOWER-IN   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR OPENS LOWER IN QUIET ZURICH</TITLE>
+<DATELINE>    ZURICH, April 7 - </DATELINE><BODY>The dollar opened slightly lower in quiet
+trading, with dealers holding back ahead of the outcome of this
+week's top-level international monetary talks in Washington.
+    The dollar began here at 1.5128/5138 Swiss francs, down
+from the previous 1.5185/5195 close and the 1.5180/5190 francs
+in New York.
+    However, dealers were sceptical that anything other than a
+mere reaffirmation of February's Paris Accord was likely to
+emerge from Washington. "The dollar is likely to stay stable or
+drift slowly down," predicted one dealer at a major U.S. Bank.
+    The Swiss franc was also slightly higher against the other
+major currencies.
+    Sterling began at 2.4526/4557 francs, down from the
+previous 2.4547/4578 francs close, while the mark slipped to
+83.09/19 centimes from 83.11/21 centimes.
+    The French franc opened at 24.97/25.00 centimes from the
+previous 24.98/25.02 centimes close.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2405" NEWID="13422">
+<DATE> 7-APR-1987 04:33:19.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0178&#31;reute
+u f BC-PORLA-CRUDE-PALM-OIL   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORLA CRUDE PALM OIL TRADE REPORT FOR APRIL 6</TITLE>
+<DATELINE>    KUALA LUMPUR, April 7 - </DATELINE><BODY>The Palm Oil Registration and
+Licensing Authority (PORLA) reports trade in crude palm oil
+(cpo) on April 6 as follows in ringgit per tonne delivered
+unless stated.
+    April 747 central 744.50 south 742.50 east coast 740 north
+average 745.50. May 745 north.
+    Refined palm oil traded in bulk US dlrs per tonne fob. RBD
+palm olein April 327.50 June 329 July 327.
+    The cpo market was easier in light trading, and April
+traded between 737.50 and 750 ringgit per tonne. The refined
+palm oil market was slightly easier with interest mainly on RBD
+palm olein.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2406" NEWID="13423">
+<DATE> 7-APR-1987 04:34:36.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0181&#31;reute
+u f BC-SILVER-OPENS-HIGHER-I   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SILVER OPENS HIGHER IN ZURICH, GOLD UNCHANGED</TITLE>
+<DATELINE>    ZURICH, April 7 - </DATELINE><BODY>Silver, trading at around two year highs,
+began sharply higher in relatively active trading, pulling
+platinum up a little in its wake, dealers said. However, gold
+began little changed.
+    Silver began here at 6.74/79 dlrs an ounce, up 22 cents
+from the previous close here. It had briefly touched the 6.80
+dlr level at the end of Far Eastern trading.
+    The metal then fell back a little further, largely on
+profit-taking, but dealers said demand still remained good.
+However, it was not clear whether there could be a further
+slight downturn before the rise continued.
+    Gold began at 421.8/422.2 dlrs an ounce, 3.70 dlrs above
+the New York close but just 25 cents above the previous close
+here.
+    Platinum began 4.50 dlrs higher at 567/571 dlrs an ounce.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2407" NEWID="13424">
+<DATE> 7-APR-1987 04:38:37.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0184&#31;reute
+u f BC-AUSTRALIAN-DOLLAR-CLO   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN DOLLAR CLOSES ABOVE LOWER OPENING LEVEL</TITLE>
+<DATELINE>    SYDNEY, April 7 - </DATELINE><BODY>The Australian dollar staged a strong
+recovery on the local market after sharp overnight falls
+offshore, as a weak U.S. Dollar and capital inflow into local
+gold stocks and securities boosted demand, dealers said.
+    The dollar closed at 0.7092/97 U.S. Dlrs, after opening
+easier at 0.7040/45 from U.S. Lows of 0.7030/40. But the dollar
+still had not recovered to yesterday's local closing levels of
+0.7109/14.
+    Traders are confident the local unit will return above
+0.7100, and they regard today's fall as a correction in the
+currency's recent uptrend.
+    Traders said the Australian dollar, after trading around
+0.7040/50 for most of the day, surged to its day's high in late
+afternoon trading on Asian buying.
+    They said offshore traders are still bullish towards the
+Australian dollar as yesterday's U.S. Selling occurred in thin
+volume.
+    Nervousness over the short-term direction of the U.S.
+Dollar ahead of the International Monetary Fund meeting also
+provided support for the Australian dollar. In Asia, the U.S.
+Dollar ended lower at 145.15/20 yen against Tokyo's 145.25
+close and New York's final 145.85/90.
+    The U.S. Dollar also finished at 1.8208/18 marks against
+Tokyo's 1.8205/15 and 1.8260/70 in New York.
+    The Reserve Bank trade weighted index eased to 55.7 points
+from yesterday's 56.0. The U.S. Dollar average hedge settlement
+rate was struck at 70.66 from 71.10.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2408" NEWID="13425">
+<DATE> 7-APR-1987 04:38:44.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0185&#31;reute
+u f BC-ZURICH-SILVER-FIXING   04-07 0020</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH SILVER FIXING - APR 07 6.6875 slrs per ounce (previous
+6.4300) 325.50 swiss francs per kilo spot (previous 314.25)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2409" NEWID="13426">
+<DATE> 7-APR-1987 04:41:35.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0186&#31;reute
+u f BC-PRS-PARIS-COCOA-OPG--   04-07 0040</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS COCOA OPG - APR 7
+ May 1248      bid
+ Jul 1283      bid
+ Sep 1308      bid
+ Dec 1330      bid
+ Mar 1340/1350 ba
+ May 1358      bid
+ Jul 1368      bid
+ Sales at call nil accumulative total nil
+ Yesterday's official turnover: nil
+ steady
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2410" NEWID="13427">
+<DATE> 7-APR-1987 04:43:40.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0187&#31;reute
+b f BC-INT-PARIS-CALL-MONEY   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+INT PARIS CALL MONEY - APR 07 AGAINST PRIVATE SECURITIES DAY TO
+DAY  7-13/16 7/8    (7-13/16 15/16) ONE MONTH   7-7/8 8       
+(UNCH) THREE MTHS  7-7/8 8        (UCNH) SIX MTHS    7-7/8 8   
+    (UNCH) TWELVE MTHS 8-1/8 1/4      (8 8-1/4)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2411" NEWID="13428">
+<DATE> 7-APR-1987 04:44:42.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0188&#31;reute
+u f BC-SINGAPORE-EXCHS-CLSG   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE EXCHS CLSG - APRIL 7
+ US    2.1355/65
+ STG   3.4595/4630
+ HKG   27.35/40
+ AUST  1.5120/45
+ DMK   1.1725/35
+ YEN   1.4700/20
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2412" NEWID="13429">
+<DATE> 7-APR-1987 04:44:49.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0189&#31;reute
+u f BC-LME-OFFICIAL-FORWARD   04-07 0040</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME OFFICIAL FORWARD VOLUMES - APR 7
+ Volumes up to 1705 hours Apr 6
+ COPPER A 64775          Standard 1525
+ LEAD 25275
+ ZINC HG 32000
+ SILVER Large 92         Small    nil
+ ALUMINIUM 37925
+ NICKEL 2238
+ Silver in lots of troy ozs others tonnes.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2413" NEWID="13430">
+<DATE> 7-APR-1987 04:46:40.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0191&#31;reute
+b f BC-LONDON-METAL-INDICATI   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON METAL INDICATIONS AT 0945 - APR 7
+    ALL THREE MONTHS BUYER SELLERS
+    COPPER     876 876
+    LEAD       297 299
+    ZINC       454 456
+    SILVER     421 423
+    ALUMINIUM  805 807
+    NICKEL    2345 2365
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2414" NEWID="13431">
+<DATE> 7-APR-1987 04:47:51.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0192&#31;reute
+u f BC-HONG-KONG-GOLD-CLSG--   04-07 0065</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+HONG KONG GOLD CLSG - APR 7
+ local mkt (99.00 fine hk dlrs per tael)
+ 3,904.00 (prev clsg 3,905.00)
+ hilo 3,925.00 - 3,896.00
+ international mkt (99.5 fine us dlrs per ounce)
+ 420.00/420.50 (420.25/420.75)
+ hilo 422.40/422.90 - 419.40/419.90
+ krugerrand
+ hk dlrs 3,267.00 (3,300.00)
+ us dlrs equivalent 418.70 (422.90)
+ maple leaf
+ hk dlrs 3,385.00 (3,392.00)
+ us dlrs equivalent 433.80 (434.75)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2415" NEWID="13432">
+<DATE> 7-APR-1987 04:47:55.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0193&#31;reute
+u f BC-LONDON-LIFFE-GILTS-09   04-07 0043</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON LIFFE GILTS 0945 - APR 7
+ MTH     LAST   HIGH     LOW   PR.SET
+ Jun    12411  12419   12409    12407
+ Sep      ---    ---     ---    12407
+ Dec      ---    ---     ---    12408
+ Mar      ---    ---     ---    11016
+ Jun      ---    ---     ---    12208
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2416" NEWID="13433">
+<DATE> 7-APR-1987 04:48:19.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0195&#31;reute
+u f BC-SINGAPORE-RUBBER-1645   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER 1645 QUIET - APRIL 7
+ NO 1 RSS  MAY  195.50 196.50 (UNCH)
+          JUNE  192.50 193.50
+        PROMPT  199.00 200.00
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2417" NEWID="13434">
+<DATE> 7-APR-1987 04:49:27.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f0196&#31;reute
+u f BC-SYDNEY-FINANCIAL-FUTU   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYDNEY FINANCIAL FUTURES CLOSE MIXED</TITLE>
+<DATELINE>    SYDNEY, April 7 - </DATELINE><BODY>Exhausted buyers and a late fall on the
+Australian share market due to profit-taking led to a sharp
+drop in share price index contracts on the Sydney Futures
+Exchange, dealers said.
+    Domestic credit futures were mixed, with 90-day bank bills
+firming in line with easier physical yields as the dollar rose,
+they said. Ten-year bond futures, however, were steady on the
+day's open in line with little changed physical yields.
+    Comex-linked gold futures were higher on rises in bullion,
+while international credit futures were mixed in extremely thin
+trade.
+    June share price index futures closed at 1735.5 from the
+day's 1754.0 open, well off yesterday's record 1748.5 close.
+September was also well down on 1737.0 from 1763.0 after
+finishing at 1746.0 yesterday. About 3,154 lots were traded.
+    Dealers said the momentum of the futures market appeared to
+be exhausted, with a return to bigger discounts now likely.
+    Demand for gold and industrial stock continued to drive up
+the all ordinaries index, which climbed 8.5 points to 1754.8,
+although this was well off the day's highs after late
+profit-taking.
+    Easier physical yields, as a result of the firmer
+Australian dollar, also saw rises in 90-day bank bill futures.
+June contracts rose to 85.16 from the day's 85.00 open in
+active trade after falling to a low of 84.96. September rose to
+85.25 from 85.12 after finishing yesterday at 85.20. About
+6,912 contracts were traded.
+    Physical yields eased to 15.48/53 pct from 15.60.
+    June 10-year bond futures, the only month to trade, were
+steady on the day's 86.87 open after closing yesterday at
+86.96. About 7,041 lots were exchanged.
+    Physical March 1997 paper was 13.11/14 pct from 13.14.
+    June Comex-linked gold futures finished strongly at 425.00
+U.S. Dlrs an ounce from the day's 423.20 open and overnight
+close of 422.60 in line with strong gains in bullion. Only nine
+lots were traded.
+    International credit futures were mixed, with June U.S.
+T-bonds finishing lower at 97.27 from the day's 97.30 start,
+well off the overnight Chicago close of 98.04. The contract was
+untraded locally yesterday.
+    June Eurodollars were untraded on a buy/sell quote of
+93.31/36 after finishing at 93.35 in Chicago from a local close
+yesterday of 93.36.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2418" NEWID="13435">
+<DATE> 7-APR-1987 04:51:40.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0200&#31;reute
+u f BC-MOET-HENNESSY-PROPOSE   04-07 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOET-HENNESSY PROPOSES HIGHER DIVIDEND</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>YEAR TO END-DEC 1986
+    Proposed dividend 45 francs vs 34.50 francs
+    Note - Full name of company is Moet-Hennessy SA &lt;MHSP.PA>
+   REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2419" NEWID="13436">
+<DATE> 7-APR-1987 04:55:14.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0202&#31;reute
+b f BC-LONDON-COFFEE-ROBUSTA   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COFFEE ROBUSTA OPENING - APR 7
+ MTH BYR  SLR  HIGH LOW  SALES
+ May 1250 1255 1255 1251   13
+ Jul 1261 1265 1264 1262   34
+ Sep 1275 1284 nil
+ Nov 1295 1310 nil
+ Jan 1330 1340 nil
+ Mar 1340 1360 nil
+ May 1350 1380 nil
+ 47.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2420" NEWID="13437">
+<DATE> 7-APR-1987 04:55:58.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0203&#31;reute
+u f BC-INT-PARIS-EURODEPOSIT   04-07 0029</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+INT PARIS EURODEPOSITS - APR 07
+    STG CALL AND 2/7 DAYS 10-1/16  3/16 1 MTH    9-11/16
+10-1/16 2 MTHS   9-9/16 15/16 3 MTHS   9-7/16 7/8 6 MTHS  
+9-1/4 5/8 12 MTHS  6-1/2 5/8
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2421" NEWID="13438">
+<DATE> 7-APR-1987 04:56:40.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0204&#31;reute
+r f BC-PARIS-SUGAR-OPEN-POSI   04-07 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIS SUGAR OPEN POSITION - APR 7</TITLE>
+<DATELINE> - Position of APR 6   -
+ </DATELINE><BODY>May 6765
+ Aug 13126
+ Oct 4462
+ Dec 167
+ Mar 583
+ May 170
+ Total 25273
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2422" NEWID="13439">
+<DATE> 7-APR-1987 04:57:39.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0205&#31;reute
+u f BC-INT-PARIS-EURODEPOSIT   04-07 0077</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+INT PARIS EURODEPOSITS - 2 - APR 07
+    DLR                    SFR 2/7 DAYS  6-1/8 1/4      2/7
+DAYS 0-7/8 1-1/8 1 MTH     6-1/4 7/16     1 MTH    2-13/16
+3-3/16 3 MTHS    6-5/16 9/16    3 MTHS   3-1/4 5/8 6 MTHS   
+6-5/16 11/16   6 MTHS   3-5/16 11/16
+    DMK                    DFL 2/7 DAYS  3-5/8 3/4      2/7
+DAYS 5-1/4 1/2 1 MTH     3-5/8 7/8      1 MTH    5-5/16 7/16 3
+MTHS    3-5/8 7/8      3 MTHS   5-5/16 7/16 6 MTHS    3-11/16
+15/16  6 MTHS   5-1/4 3/8
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2423" NEWID="13440">
+<DATE> 7-APR-1987 04:57:41.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0206&#31;reute
+u f BC-PRS-PARIS-SUGAR-KERBS   04-07 0007</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS SUGAR KERBS - APR 7
+ 87 May 1160/62P
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2424" NEWID="13441">
+<DATE> 7-APR-1987 04:57:45.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0207&#31;reute
+u f BC-ZURICH-INTERBANK-RATE   04-07 0012</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH INTERBANK RATES - APR 07 call money  1 one month  3
+three months 3-1/2
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2425" NEWID="13442">
+<DATE> 7-APR-1987 04:59:07.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0209&#31;reute
+u f BC-PRS-PARIS-SUGAR-OPG--   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS SUGAR OPG - APR 7
+ May 1152/1160 ba
+ Aug 1175/1185 ba
+ Oct 1208/1220 ba
+ Dec 1235/1255 ba
+ Mar 1265/1282 ba
+ May 1300/1320 ba
+ Sales at call nil  accumulative total 65
+ Yesterday's official turnover: 51900
+ barely steady
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2426" NEWID="13443">
+<DATE> 7-APR-1987 04:59:53.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0210&#31;reute
+u f BC-INT--ZURICH-EURO-DEPO   04-07 0063</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+INT  ZURICH EURO DEPOSITS - APR 07
+       2 days    1 mth     3 mths    6mths us     5-3/4    
+6-3/8     6-1/2     6-5/8 stg    9-3/4     9-7/8     9-3/4    
+9-5/8 dmk    3-1/2     3-7/8     3-7/8     3-7/8 ffr    7      
+  8-1/8     8-1/4     8-1/4 dfl    4         5-3/8     5-3/8   
+ 5-3/8 yen    3-1/2     3-7/8     3-7/8     3-7/8 sfr    1     
+   3         3-1/2     3-5/8
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2427" NEWID="13444">
+<DATE> 7-APR-1987 04:59:55.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0211&#31;reute
+u f BC-ZURICH-INTERBANK-RATE   04-07 0012</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH INTERBANK RATES - APR 07 call money  1 one month  3
+three months 3-1/2
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2428" NEWID="13445">
+<DATE> 7-APR-1987 05:00:15.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0212&#31;reute
+r f BC-FRANKFURT-MONEY----AP   04-07 0030</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FRANKFURT MONEY -  APRIL 7 call money 3.60/70   (3.60/70) one
+mth    3.80/85   (3.80/90) three      3.80/90   (3.85/95) six  
+     3.90/4.00 (3.90/4.00) twelve     3.95/4.05 (3.95/4.05)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2429" NEWID="13446">
+<DATE> 7-APR-1987 05:01:32.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0213&#31;reute
+u f BC-EUROBOND-MARKET-GENER   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROBOND MARKET GENERALLY FIRMER WHERE CHANGED</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Secondary sectors of the eurobond market,
+where changed, were generally firmer in quiet morning trading
+with attention again tending to focus on currencies other than
+the dollar, dealers said.
+    The sterling straight market opened with further gains of
+1/8 or 1/4 point with sentiment boosted by the publication of
+two more opinion polls showing the ruling Conservative Party
+with a substantial lead over opposition parties.
+    Dealers said operators seem a little more cautious this
+morning since profit-taking is expected to emerge soon after
+recent substantial gains.
+    The dollar straight sector was little changed with
+yesterday's gains on the U.S. Bond market being balanced out by
+a slightly easier dollar. The market is now awaiting news which
+may emerge from tomorrow's Group of Seven meeting in
+Washington.
+    "It's not often you can call the dollar straight sector a
+backwater in the market but that's what it is at the moment," a
+head trader at a U.S. Firm said.
+    U.S. Treasury security trading was also quiet with retail
+participation limited to enquiry, dealers said. The 30-year
+long bond was quoted at 95-30/32 pct at 0845 GMT.
+    The yen and Australian dollar sectors remained buoyant
+although volume was lower than yesterday morning, dealers said.
+Yen bonds were 1/4 to 3/8 point firmer with initial buying
+coming from the Far East, dealers said.
+    The market was boosted by a very firm Japanese bond market
+in which the yield on the key 5.1 pct bond due 1996 dropped to
+close at 3.905 pct compared with yesterday's close of 3.955
+pct.
+    In the Australian dollar market there was some retail
+demand for zero coupon bonds, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2430" NEWID="13447">
+<DATE> 7-APR-1987 06:02:56.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0306&#31;reute
+u f BC-Cheung-Kong,-Hutchiso   04-07 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Cheung Kong, Hutchison withdraw plans for bonus issue of new "B" shares
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2431" NEWID="13448">
+<DATE> 7-APR-1987 06:03:41.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0308&#31;reute
+u f BC-ZURICH-GOLD-1200---AP   04-07 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH GOLD 1200 - APRIL 7 pool 419.50-422.50 (418.50-421.50 at
+11.00) interbank 420.60-421.10 (419.70-420.10 at 11.00)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2432" NEWID="13449">
+<DATE> 7-APR-1987 06:06:32.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f0311&#31;reute
+b f BC-LONDON-DOLLAR-FLUCTUA   04-07 0028</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DOLLAR FLUCTUATIONS 1100 - APRIL 7
+ STG 1.6190/6200
+ DMK 1.8210/20
+ SFR 1.5095/5105
+ DFL 2.0545/55
+ FFR 6.0560/0610
+ YEN 144.95/145.05
+ LIT 1297/1298
+ BFC 37.70/73
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2433" NEWID="13450">
+<DATE> 7-APR-1987 06:09:27.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0313&#31;reute
+r f BC-DASSAULT-SUSPENDS-EGY   04-07 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DASSAULT SUSPENDS EGYPTIAN DELIVERIES, SAY SOURCES</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>Avions Marcel Dassault-Breguet Aviation
+&lt;AVMD.PA> has suspended deliveries of its Mirage fighter jets
+to Egypt because of payment delays on planes already delivered,
+aircraft industry sources said. A Dassault spokesman could
+neither confirm nor deny the suspension.
+    The sources said the last six of 20 fighters ordered by
+Cairo in 1983 were being held back, although the contract is
+expected to be completed in the near future. Deliveries started
+last year. They said the decision, taken in consultation with
+the French government, would pressure Cairo to speed up
+payments, delayed because of Egypt's foreign currency shortage.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2434" NEWID="13451">
+<DATE> 7-APR-1987 06:09:40.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0314&#31;reute
+r f BC-BAHRAIN-TREASURY-BILL   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAHRAIN TREASURY BILLS YIELD AVERAGE 6.00 PCT</TITLE>
+<DATELINE>    BAHRAIN, April 7 - </DATELINE><BODY>Bahrain's issue of two mln dinars worth
+of 91-day Treasury bills was allotted at an average price of
+98.506 to yield an average 6.00 pct, a spokesman for the
+Bahrain Monetary Agency (BMA) said.
+    Bids for the tender, held today, totalled about 4.65 mln
+dinars, the spokesman said. This week's average yield compares
+with 6.09 pct a week ago. Three-month interbank dinar deposits
+were quoted today at about 6.87/5.87 pct.
+    The BMA spokesman said the next tender for two mln dinars
+of 91-day bills will be held on April 14.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2435" NEWID="13452">
+<DATE> 7-APR-1987 06:10:02.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bangladesh</D><D>nepal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0315&#31;reute
+r f BC-ADB-APPROVES-75-MLN-D   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADB APPROVES 75 MLN DLR LOANS FOR TWO PROJECTS</TITLE>
+<DATELINE>    MANILA, April 7 - </DATELINE><BODY>The Asian Development Bank (ADB) said it
+had approved two loans amounting to 75.7 mln dollars for
+agricultural projects in Bangladesh and Nepal.
+    It said both loans are repayable over 40 years, including a
+10-year grace, and carry a service charge of one pct a year.
+    The bank said it approved 51.7 mln for an agricultural
+inputs program for Bangladesh aimed at sustaining foodgrain
+production.
+    It said the loan will cover the entire foreign exchange
+component of the project's total cost of 65 mln.
+    The ADB said it approved 24 mln dlrs to support an
+agricultural credit project in Nepal.
+    The loan will benefit Nepal by increasing foodgrain output,
+augmenting production of milk and other dairy products and
+expanding energy generation in rural areas, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2436" NEWID="13453">
+<DATE> 7-APR-1987 06:10:43.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0316&#31;reute
+b f BC-ZENCHIKU-ISSUES-40-ML   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZENCHIKU ISSUES 40 MLN DLR EQUITY WARRANT BOND</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Zenchiku Co Ltd is issuing a 40 mln dlr
+equity warrant eurobond due April 30, 1992 paying an indicated
+coupon of 2-1/4 pct and priced at par, lead manager Daiwa
+Europe Ltd said.
+    Final terms will be fixed on April 13 and the non-callable
+issue is available in denominations of 5,000 dlrs. It is
+guaranteed by Mitsui Bank Ltd. The selling concession is 1-1/2
+pct while management and underwriting combined pays 3/4 pct.
+    The payment date is April 30 and the issue will be listed
+in Luxembourg. The warrants are exercisable from May 18, 1987
+until April 10, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2437" NEWID="13454">
+<DATE> 7-APR-1987 06:10:58.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0317&#31;reute
+b f BC-LONDON-SUGAR-OPENS-SL   04-07 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SUGAR OPENS SLIGHTLY EASIER</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Raw sugar futures continued their
+overnight decline in early trading by posting losses from
+yesterday's final call of 0.40 to 1.20 dlrs, dealers said.
+    Volume at the end of a 10 minute opening call was 85 lots.
+    The modest fall was attributed to lack of follow-through to
+yesterday's mid-session rise with New York's similar downturn
+yesterday seen as an additional unsettling influence, they
+said.
+    There is no fresh physicals news although India and Syria
+are in the market tomorrow for whites, to coincide with the
+weekly white sugar tender by the European Community (EC).
+    Near Aug was at 155.40 dlrs traded from 155.80 bid.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2438" NEWID="13455">
+<DATE> 7-APR-1987 06:12:33.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>sse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0319&#31;reute
+u f BC-SINGAPORE-STOCKS-EXPE   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE STOCKS EXPECTED TO CONTINUE STRONG TREND</TITLE>
+<AUTHOR>    By Tay Liam Hwee, Reuters</AUTHOR>
+<DATELINE>    SINGAPORE, April 7 - </DATELINE><BODY>The Stock Exchange of Singapore (SES)
+will likely be used to raise more than 1.5 billion dlrs in
+1987, continuing a long-term bullish trend that began last year
+when about the same amount was tapped.
+    Stock analysts and economists said the trend will be helped
+by low interest rates and the government's plan to sell 380 mln
+dlrs worth of shares in state enterprises each year for the
+next 10 years, which should attract foreign interest.
+    One foreign analyst said international fund managers are
+increasingly attracted to Asian markets like Singapore.
+    He said uncertainty over Hong Kong's future had helped the
+flow of funds to Singapore over the last eight to nine months.
+    Trade friction between Washington and Tokyo and the high
+value of the yen had also diverted a trickle of funds from
+Japan.
+    But he added, "A slight trickle will have a large impact on
+the local exchange."
+    Economists said the inflow from foreign institutions is
+difficult to estimate but it is increasing as the local
+recession bottoms out with the help of reduced corporate taxes
+cuts and of lower wage costs.
+    Tan Soo Nan, director of the Development Bank of Singapore
+Securities Ltd and a member of the exchange, said he expects
+Singapore companies alone to tap around one billion dlrs this
+year, but he warned there were some short-term risks.
+    Corporate earnings in fiscal 1987 ending March fell short
+of an expected 20 pct increase over 1986 and a major failure
+would dampen sentiment, he said. He added the SES should admit
+only companies able to sustain their earnings levels.
+    But one foreign analyst said any slowing of activity would
+be temporary and many investors are waiting for the results of
+elections in Malaysia later this month.
+    On the whole, Tan said, the long-term trend remains bullish
+because of the economic recovery, the high growth potential for
+the Asian Pacific region and the liberalisation of the Toyko
+financial market.
+    Tan said the introduction of the Stock Exchange of
+Singapore Dealing and Quotation System in January and the new
+government securities market was in keeping with the global
+trend towards debt securitisation and financial deregulation.
+    Singapore's economic recovery will be more broad-based in
+1987 and the exchange's strategy should be to build up
+expertise in risk and fund management, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2439" NEWID="13456">
+<DATE> 7-APR-1987 06:12:41.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T AI
+&#22;&#22;&#1;f0320&#31;reute
+u f BC-LONDON-EURODOLLAR-DEP   04-07 0060</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ LONDON EURODOLLAR DEPOSITS RATES 1100 - APRIL 7
+ OVERNIGHT   6-1/4 1/8
+ TOM/NEXT    6-1/4 1/8
+ SPOT/NEXT   6-1/4 1/8
+ WEEK FIXED  6-5/16 3/16
+ ONE MONTH   6-7/16 5/16        TWO         6-1/2 3/8
+ THREE       6-9/16 7/16        FOUR        6-9/16 7/16
+ FIVE        6-5/8 1/2          SIX         6-11/16 9/16
+ NINE        6-13/16 11/16      TWELVE      6-7/8 3/4
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2440" NEWID="13457">
+<DATE> 7-APR-1987 06:13:29.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0323&#31;reute
+u f BC-rss-ones   04-07 0050</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Rss ones
+ (in order byr/slr/last trd/sales)
+ may 228.00 230.00 nil
+ jne 228.00 230.00 nil
+ jly 230.00 232.00 nil
+ aug 232.00 234.00 nil
+ sep 233.00 235.00 nil
+ jly/sep 232.00 234.00 nil
+ oct/dec 237.00 239.00 nil
+ jan/mch 242.00 244.00 nil
+ apl/jne 247.00 249.00 nil
+ sales nil
+ quarter nil
+ tone dull
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2441" NEWID="13458">
+<DATE> 7-APR-1987 06:13:53.76</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0324&#31;reute
+r f BC-SOVIET-GRAIN-PRODUCTS   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET GRAIN PRODUCTS MINISTRY CRITICISED</TITLE>
+<DATELINE>    MOSCOW, April 7 - </DATELINE><BODY>The Soviet Communist Party has criticised
+the country's Grain Products Ministry for failing to ensure
+proper grain storage, turning out poor quality bread and for
+unsatisfactory book keeping, Pravda said.
+    The party daily said that losses in the industry owing to
+waste and theft amounted to 7.3 mln roubles over the last two
+and a half years.
+    The situation was particularly bad in the Central Asian
+republic of Kazakhstan, which has been severely criticised
+since the ousting of its veteran leader Dinmukhamed Kunayev
+last December.
+    Its new leader, Gennady Kolbin, has said that at times the
+grain-growing republic has performed so badly that it has been
+obliged to seek grain supplies from national reserves.
+    Tass news agency announced yesterday that Grain Products
+Minister Grigory Zolotukhin, 75, was being retired and replaced
+by Alexander Budyka, a senior food industry official.
+    Pravda added today that the crisis in the industry had been
+drawn to Zolotukhin's attention and two of his deputies
+reprimanded.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2442" NEWID="13459">
+<DATE> 7-APR-1987 06:16:20.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M F
+&#22;&#22;&#1;f0327&#31;reute
+b f BC-LONDON-GOLD-FIXED-AT   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GOLD FIXED AT 419.80 DLRS THIS MORNING</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Gold bullion was fixed this morning at
+419.80 dlrs an ounce, down on last night's close of
+421.50/422.00, dealers said.
+    The market opened little changed at 421.90/422.40 but eased
+during the morning as dealers traded on the gold/silver ratio,
+selling gold and buying silver.
+    Business was fairly light as trading in gold was
+overshadowed by interest in silver.
+    Platinum was fixed this morning at 565.75 dlrs, slightly up
+on last night's close of 564.50/565.50.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2443" NEWID="13460">
+<DATE> 7-APR-1987 06:16:30.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0328&#31;reute
+b f BC-LONDON-DAILY-SUGAR-PR   04-07 0043</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DAILY SUGAR PRICE - APR 7
+ RAW
+ NO.4 Contract indicator 105.50 stg
+ NO.6 Cif Contract Apr/May 171.00 dlrs
+ NO.6 Caribbean/U.K. Freight element 24.00 dlrs
+ NO.6 Fobs Contract Equivalent 147.00 dlrs
+ WHITE
+ NO.5 Contract Apr/May 190.00 dlrs
+ All per tonne.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2444" NEWID="13461">
+<DATE> 7-APR-1987 06:19:07.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0329&#31;reute
+u f BC-GERMAN-BANK-SUPERVISO   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANK SUPERVISOR CALLS FOR WIDER REGULATION</TITLE>
+<DATELINE>    HANOVER, April 7 - </DATELINE><BODY>West German banking regulations must be
+expanded to cover off-balance sheet risks arising from new
+financing forms, Federal Banking Supervisory Office President
+Wolfgang Kuntze said.
+    Kuntze told bankers at a reception that deals for hedging
+price risks are not covered by current supervisory rules.
+    Such deals could be used for speculation and do not have to
+be disclosed.
+    Kuntze also said it must be considered whether banks can
+continue not to set shareholders' equity and reserves against
+their own holdings of securities.
+    Since early 1984, banks have been limited to lending 18
+times shareholders' equity and reserves on a consolidated basis
+and Bundesbank officials have said that interest rate and
+currency swaps and currency options are under scrutiny.
+    Authorities favour reinterpreting the banking law to fit
+present circumstances in order to avoid the long parliamentary
+political process of changing it, banking sources said.
+    Kuntze said solutions to the problem of banking supervision
+can be found without having to change the law again.
+    The risk structure in banking is moving away from the model
+on which banking supervisory rules are based, Kuntze said.
+    Banking supervisors are still firemen with a safety net but
+the safety net has become a little too small, he said.
+    Kuntze declined to detail possible changes to banking
+regulations, as these are still the subject of discussions
+between the Supervisory Office and the Bundesbank.
+    He said he sees no chance in the foreseeable future for an
+international harmonisation of supervisory law and the German
+supervisory office would not wait for such harmonisation.
+    Nor would it get involved in international competition on
+minimal regulatory standards in order to shield banks from
+competitive disadvantages, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2445" NEWID="13462">
+<DATE> 7-APR-1987 06:19:55.44</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D><D>malaysia</D><D>brazil</D><D>ghana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0330&#31;reute
+u f BC-COCOA-BUFFER-STOCK-MA   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA BUFFER STOCK MAY FACE UPHILL BATTLE - TRADE</TITLE>
+<AUTHOR>    By Jane Merriman, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The International Cocoa Organization
+(ICCO) buffer stock could face an uphill battle to halt the
+downtrend in world cocoa prices when it begins buying
+operations in the next few weeks, cocoa traders said.
+    Traders said they believed buffer stock purchases could
+reach 75,000 tonnes in a matter of weeks without lifting prices
+significantly, given the amount of surplus cocoa overhanging
+the market. The buffer stock may begin buying shortly as the
+ICCO 10 day average indicator price is now at 1,578.03 Special
+Drawing Rights (SDR) per tonne, below the 1,600 "must buy" level.
+    Rules governing buffer stock operations were agreed last
+month by the ICCO council. Buying will begin once the buffer
+stock manager has completed preparations, traders said.
+    Some traders said the buffer stock manager may delay buffer
+stock buying until mid or end-April when changes in months used
+to calculate the ICCO indicator may lift the 10 day average
+above the 1,600 SDR "must buy" level.
+    The ICCO indicator price is calculated from the average of
+the second, third and fourth positions on the London and New
+York futures markets. The daily price was 1,577.61 SDR per
+tonne yesterday.
+    Months used currently for the indicator are May, July and
+September, but these are set to change to July, September and
+December on April 15, prior to May becoming the New York spot
+month, traders noted.
+    The introduction of December into the calculations may lift
+the daily SDR price as December is currently quoted about 75
+stg above May on the London terminal market.
+    But the buffer stock manager would have to wait for the
+higher daily price to feed through into the 10-day average, the
+indicator which governs his activities, traders said.
+    "The buffer stock manager is obviously looking at the
+implications of delaying until forward prices lift the
+indicator since it might mean he has to buy less cocoa," an
+analyst from a leading cocoa trade house said.
+    Traders said the buffer stock purchases could reach 75,000
+tonnes fairly quickly once buying starts. If purchases reach
+this level within six months, buying is suspended pending an
+ICCO council review of price ranges. But some cocoa market
+watchers said the buffer stock may benefit from recent
+forecasts for a poor Brazilian Bahia temporao crop at 1.5 mln
+to two mln 60 kilo bags against initial expectations of up to
+three mln.
+    A lower than expected Brazilian crop may cut the 1986/87
+world surplus to between 50,000 and 70,000 tonnes, compared
+with a recent forecast by the ICCO statistics committee of
+94,000 tonnes, traders said.
+    In these circumstances, the buffer stock may only need to
+buy between 20,000 and 30,000 tonnes to lift prices above the
+"must buy" level.
+    But some dealers said the ICCO buffer stock rules may put
+constraints on how quickly and effectively the buffer stock
+manager can remove cocoa from the market.
+    The buffer stock system of price differentials set
+according to quality and a 15 pct limit on purchases from
+non-members could limit the buffer stock's scope for action,
+dealers said.
+    Most of the cocoa readily available to the buffer stock is
+nearby in-store material of Malaysian and Ivory Coast origin.
+    But the buffer stock can only buy 15 pct Malaysian cocoa as
+Malaysia is not an ICCO member, while purchases of nearby cocoa
+can only reach 40 pct in any one day, which forces the buffer
+stock to buy some intermediate and forward shipment material.
+    Limits on buffer stock purchases of nearby and non-member
+cocoa will reduce the impact on terminal prices which are
+pressured by the overhang of Malaysian material, traders said.
+    Buffer stock purchases of forward shipment cocoa from
+quality producers such as Ghana will have only a limited impact
+on futures, but is likely to widen physical market premiums for
+this cocoa over futures.
+    Ghana's premium to the terminal has risen to about 50 stg
+from 25 to 30 stg a month ago partly in anticipation of buffer
+stock buying, dealers said.
+    "The buffer stock may not help the terminal market, but will
+provide a backstop for quality cocoas," one trader said.
+    Traders cautioned that views on the impact of the buffer
+stock were "all prognostication" and that no one could hope to
+predict accurately what the result would be. Psychologically
+buffer stock buying should help prices, but since the buffer
+stock already holds a carryover of 100,000 tonnes from the
+previous cocoa agreement and the market is in surplus, dealers
+expressed doubts purchases can counter bearish pressure.
+    In June the ICCO is due to discuss rules for a withholding
+scheme as an additional market support mechanism.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2446" NEWID="13463">
+<DATE> 7-APR-1987 06:19:58.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0331&#31;reute
+b f BC-LONDON-METAL-INDICATI   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON METAL INDICATIONS AT 1115 - APR 7
+    ALL THREE MONTHS BUYER SELLERS
+    COPPER     877 879
+    LEAD       297 299
+    ZINC       453 455
+    SILVER     424 426
+    ALUMINIUM  805 807
+    NICKEL    2345 2365
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2447" NEWID="13464">
+<DATE> 7-APR-1987 06:20:25.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0333&#31;reute
+u f BC-kuala-lumpur-rubber-c   04-07 0045</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Kuala lumpur rubber clsg -april 7
+ (in order byr/slr/last trd/sales)
+ may 194.50 196.50 nil
+ jne 195.50 197.50 nil
+ jly 196.00 198.00 nil
+ aug 196.50 198.50 nil
+ sep 196.50 198.50 nil
+ jly/sep 196.50 198.50 nil
+ oct/dec 201.50 203.50 nil
+ total nil
+ quarter nil
+ tone dull
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2448" NEWID="13465">
+<DATE> 7-APR-1987 06:20:40.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0334&#31;reute
+u f BC-LONDON-METAL-PRE-MARK   04-07 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON METAL PRE-MARKET OPTIONS</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Traders indicated single option premiums,
+sterling per tonne except silver which pence per oz unless
+stated.
+            1MTH      3MTHS     6MTHS
+ COPPER     15-19     24-28     UNQUOTED
+            19-24     26-30     UNQUOTED DOLLARS
+ LEAD        8-12     12-15     UNQUOTED
+ ZINC        8-12     20-23     UNQUOTED
+ SILVER     UNQUOTED  UNQUOTED  UNQUOTED
+ ALUMINIUM  23-27     29-34     UNQUOTED
+            26-31     35-40     UNQUOTED DOLLARS
+ NICKEL    2-2.75   3.50- 4.00  UNQUOTED CENTS A LB
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2449" NEWID="13466">
+<DATE> 7-APR-1987 06:20:47.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0335&#31;reute
+b f BC-LONDON-EUROCURRENCY-D   04-07 0062</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON EUROCURRENCY DEPOSITS MORNING -APRIL 7
+    ONE, TWO AND THREE MONTHS
+ DMK 3-13/16 11/16, 3-13/16 11/16, 3-7/8 3/4
+ SFR 3-1/16 2-15/16, 3-1/4 1/8, 3-9/16 7/16
+ FFR 8-3/16 EIGHT, 8-3/16 EIGHT, 8-1/4 1/16
+ DFL ALL 5-7/16 5/16          
+ SIX AND TWELVE
+ DMK 3-7/8 3/4, FOUR 3-7/8 
+ SFR 3-11/16 9/16, 3-13/16 11/16
+ FFR 8-5/16 1/8, 8-3/8 3/16
+ DFL BOTH 5-3/8 1/4       
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2450" NEWID="13467">
+<DATE> 7-APR-1987 06:20:51.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0336&#31;reute
+r f BC-kuala-lumpur-palm-oil   04-07 0043</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Kuala lumpur palm oil clsg -april 7
+ (in order byr/slr/last trd/sales)
+ apl 746 747 750 87
+ may 746 747 747 169
+ jne 746 747 746 170
+ jly 741 743 743 22
+ aug 724 734 nil
+ sep 724 734 nil
+ nov 724 734 nil
+ jan 725 735 nil
+ mch 725 735 nil
+ sales 448
+ tone higher
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2451" NEWID="13468">
+<DATE> 7-APR-1987 06:21:07.51</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0337&#31;reute
+f f BC-******   04-07 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German February capital account deficit 7.53 billion marks vs Jan 11.91 billion surplus - Bundesbank
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2452" NEWID="13469">
+<DATE> 7-APR-1987 06:21:33.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0339&#31;reute
+r f BC-stockholm-exchanges   04-07 0047</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Stockholm exchanges fixing apr 7 stg 10.2700 10.2950 us 6.3350
+6.3500 dmk 348.20 348.65 ffr 104.55 104.90 bfr 16.81 16.85 sfr
+418.95 419.50 dfl 308.50 309.00 dkr 92.20 92.50 nkr 93.00 93.30
+finl 142.65 143.05 lit 0.4870 0.4910 aus sch 49.54 49.63 can
+4.8500 4.8650 yen 4.3675 4.3800
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2453" NEWID="13470">
+<DATE> 7-APR-1987 06:22:58.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0340&#31;reute
+r f BC-YIELD-ON-180-DAY-SAUD   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YIELD ON 180-DAY SAUDI DEPOSITS RISES</TITLE>
+<DATELINE>    BAHRAIN, April 7 - </DATELINE><BODY>The yield on 180-day bankers security
+deposit accounts issued this week by the Saudi Arabian Monetary
+Agency (SAMA) rose slightly to 6.63492 pct from 6.56823 last
+week, bankers said.
+    SAMA reduced the offer price on the 500 mln riyal issue to
+96.78906 from 96.82031 last week. Like-dated interbank deposits
+were quoted today at seven, 6-3/4 pct.
+    SAMA offers a total 1.9 billion riyals in 30, 91 and
+180-day paper to banks in Bahrain each week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2454" NEWID="13471">
+<DATE> 7-APR-1987 06:23:41.87</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0341&#31;reute
+b f BC-GERMAN-CAPITAL-ACCOUN   04-07 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN CAPITAL ACCOUNT IN DEFICIT IN FEBRUARY</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>West Germany recorded a net outflow of
+7.53 billion marks on the February capital account, combining
+long and short term capital flows, compared with a net inflow
+of 11.91 billion marks in January, the Bundesbank said.
+    This compared with a net outflow of 3.51 billion marks in
+February 1986, the Bundesbank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2455" NEWID="13472">
+<DATE> 7-APR-1987 06:27:12.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0345&#31;reute
+b f BC-CHEUNG-KONG,-HUTCHISO   04-07 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEUNG KONG, HUTCHISON SCRAP "B" SHARE ISSUES</TITLE>
+<DATELINE>    HONG KONG, April 7 - </DATELINE><BODY>Cheung Kong (Holdings) Ltd &lt;CKGH.HK>
+and Hutchison Whampoa Ltd &lt;HWHH.HK> have withdrawn plans for a
+bonus issue of new "B" shares, chairman of both companies Li
+Ka-shing said.
+    He told a press conference in view of the difficulties the
+companies have had with the stock exchange regarding the
+issuance of shares with proportionally higher voting rights,
+the issuance of such new shares cannot go ahead until the stock
+exchange and the government clarified their positions.
+    Cheung Kong and Hutchison on March 31 announced a
+one-for-two bonus issue of new "B" shares whose par value will be
+one-tenth that of existing shares, but with equal voting
+rights. Their move followed similar plan by Jardine Matheson
+(Holdings) Ltd &lt;JARD.HK> on March 27.
+    The stock market fell sharply following Cheung Kong and
+Hutchison's announcement as institutional investors reacted
+negatively to the news.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2456" NEWID="13473">
+<DATE> 7-APR-1987 06:27:53.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0347&#31;reute
+b f BC-SHOWA-ALUMINIUM-ISSUE   04-07 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHOWA ALUMINIUM ISSUES 100 MLN DLR WARRANT BOND</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Showa Aluminium Corp is issuing a 100 mln
+dlr equity warrant eurobond due April 23, 1992 paying an
+indicated coupon of 2-1/8 pct and priced at par, lead manager
+Nomura International Ltd said.
+    Final terms will be fixed on April 15. The selling
+concession is 1-1/2 pct while management and underwriting
+combined pays 3/4 pct. The non-callable bond is available in
+denominations of 5,000 dlrs and will be listed in Luxembourg.
+    The payment date is April 23.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2457" NEWID="13474">
+<DATE> 7-APR-1987 06:28:04.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M RM
+&#22;&#22;&#1;f0349&#31;reute
+u f BC-PRS-PARIS-GOLD-MIDDAY   04-07 0017</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS GOLD MIDDAY FIX - APR 7 81750    francs per kilo
+419.50  (421.43) dlrs per troy ounce equivalent.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2458" NEWID="13475">
+<DATE> 7-APR-1987 06:29:34.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0354&#31;reute
+u f BC-LONDON-SILVER-PREFIXI   04-07 0016</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SILVER PREFIXING - APRIL 7
+     SPOT 674.00/677.00 CENTS
+    THREE MONTHS 424.00/426.00 PENCE
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2459" NEWID="13476">
+<DATE> 7-APR-1987 06:30:09.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0355&#31;reute
+u f BC-ROTTERDAM-GRAINS---AP   04-07 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTTERDAM GRAINS - APR 7 Sellers rulling at 1200 local time in</TITLE>
+dlrs tonne cif Rotterdam, shipment dates unless stated
+<DATELINE>    WHEAT - </DATELINE><BODY>No Two Soft Red Winter Jne 129.50 up 1.50       Jly
+124.50 up 1.50 Aug 126.50 up 1.50       Sep 127.50 up 1.50
+    US Northern Spring 14 pct protein Apl/May 139.50 up one   
+Jne 139 up 0.50 Jly 138 down 0.50        Aug 134.50 up 0.50
+    US Northern Spring 15 pct protein Apl/May 159.50 up one   
+Jne 157 unch Jly 155 unch             Aug 151 unch
+    WHEAT - US three Hard Amber Durum Apl/May 161 unch        
+Jne 160 unch Jly 160 unch             Aug 155 unch
+    Canadian One Western Red Spring 13.5 pct Apl/May 148.50
+unch      Jne 146.50 unch Jly 146.50 unch          Aug 144 unch
+    Canadian Two Western Red Spring 13.5 pct Apl/May 135 unch  
+      Jne 133 unch Jly 133 unch             Aug 133 unch
+    Canadian One Western Amber Durum Apl/May 168 unch
+    MAIZE - US Three Yellow Afloat 94                Apl 86
+unch May 85 unch              Jne 84.50 unch Jly 84.50 unch
+    MAIZE - Argentine Plate Apl/Jne 95.50 unch       Jly 96.50
+unch Aug 98 unch
+    MILLET - Argentine Plate Apl 133 unch             May 135
+unch
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2460" NEWID="13477">
+<DATE> 7-APR-1987 06:30:12.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0356&#31;reute
+r f BC-TATE-LYLE-SUGAR-EXPOR   04-07 0008</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TATE LYLE SUGAR EXPORT - APR 7
+ 209.50 stg per tonne.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2461" NEWID="13478">
+<DATE> 7-APR-1987 06:31:59.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0359&#31;reute
+u f BC-LONDON-ECU-SPOT/FORWA   04-07 0057</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON ECU SPOT/FORWARDS - APRIL 7
+    US        1.1408/13
+ 1 month      5.25/4.25
+ two          10.50/8.50
+ three        13.50/10.50
+ six          19.00/15.00
+ twelve       35.00/20.00
+    STG       1.4190/4205
+ 1 month      38.00/34.00
+ two          70.00/65.00
+ three        102.00/96.00
+ six          178.00/168.00
+ twelve       328.00/303.00
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2462" NEWID="13479">
+<DATE> 7-APR-1987 06:32:10.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0360&#31;reute
+f f BC-FRENCH-TREASURY-TO-RE   04-07 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH TREASURY TO REPAY 680 MILLION FRANCS OF DEBT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2463" NEWID="13480">
+<DATE> 7-APR-1987 06:32:18.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0361&#31;reute
+r f BC-LONDON-SDR-DEPOSIT-RA   04-07 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SDR DEPOSIT RATES - APRIL 7</TITLE>
+<DATELINE>    Bids only -
+ </DATELINE><BODY>1 month   5-7/8
+ two       5-7/8
+ three     5-7/8
+ six       5-7/8
+ twelve    SIX
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2464" NEWID="13481">
+<DATE> 7-APR-1987 06:35:22.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0363&#31;reute
+b f BC-NIPPON-SHOKUBAI-ISSUE   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON SHOKUBAI ISSUES 80 MLN DLR WARRANT BOND</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Nippon Shokubai Kagaku Kogyo is issuing a
+80 mln dlr equity warrant eurobond due April 30, 1992 paying an
+indicated coupon of 2-1/8 pct and priced at par, lead manager
+Nomura International Ltd said.
+    Final terms will be fixed on April 14 and the issue is
+guaranteed by Daiwa Bank Ltd. The selling concession is 1-1/2
+pct while management and underwriting combined pays 3/4 pct.
+    The non-callable bond is available in denominations of
+5,000 dlrs and will be listed in Luxembourg.
+    The payment date is April 30 and the warrants are
+exercisable from May 14, 1987 until April 23, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2465" NEWID="13482">
+<DATE> 7-APR-1987 06:38:35.51</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0365&#31;reute
+r f BC-TAIWAN-TRADE-SURPLUS   04-07 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN TRADE SURPLUS WIDENS IN FIRST QUARTER</TITLE>
+<DATELINE>    TAIPEI, April 7 - </DATELINE><BODY>Taiwan's trade surplus widened to 4.18
+billion U.S. Dlrs in the first quarter of 1987 from 3.05
+billion a year ago, the government statistics department said.
+    First quarter exports rose to 11.25 billion U.S. Dlrs from
+8.38 billion in the same period in 1986. Imports rose to 7.08
+billion from 5.33 billion last year.
+    The March trade surplus was 1.45 billion dlrs compared with
+1.32 billion in February and 1.02 billion in March 1986.
+Exports rose to 4.07 billion U.S. Dlrs from 3.85 billion in
+February and 2.99 billion in March last year. Imports were 2.61
+billion dlrs against 2.53 billion in February and 1.96 billion
+in March 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2466" NEWID="13483">
+<DATE> 7-APR-1987 06:38:46.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0366&#31;reute
+u f BC-BELGIAN-TREASURY-BILL   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BELGIAN TREASURY BILLS - FONDS DES RENTES
+    APRIL 7 Offered 8,253 mln (3,500 mln) Awarded 3,253 mln
+(875 mln) Rate 7.30 pct (7.40 pct)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2467" NEWID="13484">
+<DATE> 7-APR-1987 06:38:56.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0367&#31;reute
+u f BC-PAKISTAN-FIRM-RAISES   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN FIRM RAISES THREE BILLION YEN IN JAPAN</TITLE>
+<DATELINE>    HONG KONG, April 7 - </DATELINE><BODY>The National Development Finance Corp
+of Pakistan has raised three billion yen through private
+placement, arranger Daiwa Securities Co Ltd said.
+    The seven year "Shibosai" issue in the Tokyo domestic market
+carries interest at 6.9 pct. No other details were available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2468" NEWID="13485">
+<DATE> 7-APR-1987 06:40:56.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0368&#31;reute
+u f BC-PARIS-SUGAR-12.30---A   04-07 0031</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PARIS SUGAR 12.30 - APR 7
+ May 1145/1148 Ba
+ Aug 1167/1169 ba
+ Oct 1200/1204 ba
+ Dec 1230/1238 ba
+ Mar 1256/1270 ba
+ May 1290/1310 ba
+ Sales at call nil  accumulative total 555
+ barely steady
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2469" NEWID="13486">
+<DATE> 7-APR-1987 06:41:58.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0369&#31;reute
+u f BC-PRS-PARIS-SUGAR-SPOT   04-07 0010</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS SUGAR SPOT - APR 7
+ 1150 francs (189.66 dlrs) per tonne
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2470" NEWID="13487">
+<DATE> 7-APR-1987 06:42:47.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0370&#31;reute
+u f BC-LONDON-COCOA-HOLDS-LI   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON COCOA HOLDS LITTLE CHANGED AT MIDMORNING</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Cocoa futures were about unchanged from
+last night by midmorning with near July trading at 1,319 stg
+from 1,318 asked and a 1,324/1,318 high-low.
+    Sterling's strength together with continued availability of
+West African new crop physical offerings more than outweighed
+any bullish impact from last night's higher New York market.
+    Dealers said the market had been forecast to open as much
+as 10 stg up, basis New York's close.
+    The Ivory Coast was believed offering new crop around 1,325
+French francs per 100 kilos cif while Ghana was there at around
+1,460 stg a tonne cif for Dec/Feb-Jan/Mar, they said.
+    Apart from the prospect of ICCO buffer stock buying in the
+near future, the only other bullish feature is the lower trade
+forecast for Bahia's temporao crop which was recently reduced
+to 1.5/2.0 mln bags from 2.0/2.5 previously and compared with
+initial expectations of up to three mln bags.
+    Dealers said trade ideas are now pointing to the lower end
+of the new forecast range although in terms of world production
+this may well be evened out by a better than expected Ivory
+Coast mid-crop.
+    Terminal volume after 75 minutes was 248 lots including 76
+lots crossed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2471" NEWID="13488">
+<DATE> 7-APR-1987 06:43:42.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0371&#31;reute
+b f BC-FRENCH-TREASURY-TO-RE   04-07 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH TREASURY TO REPAY 680 MLN FRANCS OF DEBT</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>The French treasury has decided to repay
+680 mln francs of debt issued before 1950, the Finance Ministry
+said.
+    Seven issues, accounting for 0.13 pct of total state
+domestic debt, would be redeemed by the Caisse d Amortisement
+de la Dette Publique, the national debt amortisation fund, a
+Ministry statement said.
+    The Ministry said the debt rationalisation exercise,
+similar to one carried out in 1958 and 1959, would take out of
+circulation old issues which were expensive to manage and
+difficult to trade because of their highly complex structure.
+    Technical details of the operation would be announced in
+the next few days.
+    The securities to be redeemed would be the three pct
+perpetual rente, five pct perpetual rente, four pct 1941-1960
+redeemable rentes, 3.5 pct 1942-1952 redeemable rentes, three
+pct 1942-1955 redeemable rentes, three pct 1945-1954 redeemable
+rentes, and 4.5 pct 1933-1960 redeemable treasury bonds.
+    The ministry said the operation would mainly benefit
+long-term holders of the issues, mainly small investors and
+small communes.
+    The issues were difficult to trade because they comprised
+securities of variable nominal value, it noted.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2472" NEWID="13489">
+<DATE> 7-APR-1987 06:47:58.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0373&#31;reute
+b f BC-U.S.-STOCKS-FIRMER-IN   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. STOCKS FIRMER IN LONDON</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>U.S. Shares traded in London were firmer
+in the wake of Wall Street's gains into record territory
+yesterday, but gains were patchy with interest centered mainly
+on the special situation stocks, dealers said.
+    Allied Signal rose 1/2 dlr to 48-1/2 in the wake of news it
+is to sell its Ampex unit for 479 mln dlrs and Union Carbide
+rose the same amount to 29-1/4 on rumours of a broker's
+recommendation. General motors added 1/8 dlr at 81-5/8 after
+after news of production schedule announcements and ahead of an
+an analysts' meeting on Thursday. Ford rose the same amount in
+sympathy to 90-1/4. IBM was unchanged at 149-1/2 dlrs.
+    Drug stocks showed gains of around 1/8 to 1/4 dlr as seen
+in Merck at 165-3/4 and Lilley at 99-1/4.
+    Among few losers Xerox fell 1/2 dlr to 77 after the company
+declared a shareholder rights plan designed to thwart unwanted
+takeover attempts.
+    Operators expect Wall Street to open mixed to higher and
+anticipate a period of consolidation after the recent firm
+trend.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2473" NEWID="13490">
+<DATE> 7-APR-1987 06:49:22.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0374&#31;reute
+b f BC-MADRID-FIXING-7-APR   04-07 0011</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MADRID FIXING 7 APR 071248 US DOLLAR FIXING 127.688 (PREV FIX
+127.750)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2474" NEWID="13491">
+<DATE> 7-APR-1987 06:49:50.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0375&#31;reute
+r f BC-LITTLE-DEMAND-ON-HAMB   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLE DEMAND ON HAMBURG FISHMEAL MARKET</TITLE>
+<DATELINE>    HAMBURG, April 7 - </DATELINE><BODY>The Hamburg fishmeal market attracted
+little interest in the past week, with prices about unchanged
+on stable supplies, trade sources said.
+    Sellers offered 64 pct meal at between 665 and 670 marks
+per tonne free on truck for spot and May/Dec between 655 and
+660.
+    Chile is reported to have normal to good catches and is
+stocking up its exportable supplies. Chilean material was
+offered at 345 dlrs per tonne c and f North German ports.
+    Peru's catches were described as unsatisfactory and PESCA
+Peru can deliver only against previously contracted amounts,
+the sources said.
+    Independent Peruvian producers have small amounts available
+which were offered at 335 dlrs per tonne c and f North German
+ports for April/May. Ecuador was not in the market.
+    Denmark's catches improved seasonally, with offers for 72
+pct meal unchanged at 305 crowns per 100 kilos cif North
+European ports.
+    Iceland's fishing season ended with catches totalling 1.07
+mln tonnes. Icelandic fishmeal was offered at between 5.65 and
+5.70 dlrs per percentage point protein cif.
+    Norway was not in the market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2475" NEWID="13492">
+<DATE> 7-APR-1987 06:49:59.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0376&#31;reute
+u f BC-CHRYSLER-CANADA-IMPOR   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER CANADA IMPORTS THAI-MADE MITSUBISHI CARS</TITLE>
+<DATELINE>    BANGKOK, April 7 - </DATELINE><BODY>&lt;Chrysler Canada Ltd> said it signed an
+agreement to import 100,000 Mitsubishi small cars from &lt;MMC
+Sittipol Co Ltd> of Thailand between 1988 and 1993.
+    Chrysler Canada, a subsidiary of Chrysler Motors Corp &lt;C>
+of the U.S., Will market the two and four-door cars in Canada
+under the Dodge-Colt brand.
+    The cars will be Thailand's first car exports.
+    MMC Sittipol is a Thai-Japanese joint venture in which
+Mitsubishi Motors Corp &lt;MIMT.T> of Japan holds an estimated 47
+pct stake. Its Thai partners are &lt;Sittipol Motor Co> and
+&lt;United Development Motor Industries Co Ltd>.
+    Officials of MMC Sittipol said Chrysler Canada currently
+buys the same Dodge-Colt models from Japan where the strong yen
+has sharply increased their production costs.
+    They said Chrysler will from next year import the same cars
+from Japan and Thailand which has a lower labour cost
+advantage.
+    The officials said Mitsubishi's decision to move its
+production to Thailand also stemmed from the fact that Japan is
+facing auto export quota restrictions to the Canadian market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2476" NEWID="13493">
+<DATE> 7-APR-1987 06:55:01.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0378&#31;reute
+u f BC-LONDON-SUGAR-FALLS-TO   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SUGAR FALLS TO SESSION LOWS BY MIDMORNING</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Raw sugar futures fell to session lows by
+midmorning, suffering losses from last night of between 2.20
+and 1.80 dlrs a tonne in a 341 lot volume, dealers said.
+    Lack of follow-through, both here and in New York, featured
+the extended fall which triggered light liquidation and
+technical selling as prices eased, dealers said.
+    There are no tenders expected today but tomorrow sees
+enquiries by India and Syria, to coincide with the weekly
+export tender by the European Commission, they said.
+    Near Aug was trading at 154 dlrs after 70 minutes versus
+155.80 bid last night and an early high of 155.80.
+    London Daily Raws prices fell 3.50 dlrs on tone to 147 Fob
+and 171 (105.50 stg) Cif.
+    The Whites price was down 2.50 dlrs at 190.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2477" NEWID="13494">
+<DATE> 7-APR-1987 06:55:08.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0379&#31;reute
+r f BC-GREEK-OFFICIAL-SAYS-A   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREEK OFFICIAL SAYS AUSTERITY MEASURES PAYING OFF</TITLE>
+<DATELINE>    ATHENS, April 7 - </DATELINE><BODY>Economy Undersecretary Yannos Papantoniou
+said the Greek economy was responding well to a two-year
+government austerity program.
+    He told reporters the evidence for this was in last year's
+figures, which showed a drop in inflation from 25 pct to 16.9
+and a reduction in the current account deficit from 3.3 billion
+dlrs to 1.7 billion.
+    Papantoniou said indications were encouraging that a target
+of 1O pct inflation and a deficit of 1.25 billion dlrs would be
+reached by the end of 1987.
+    He predicted a "mild" recovery for the Greek economy in 1988
+and said the government might be able to ease its tough incomes
+policy, which has virtually frozen wages, and allow some
+increases related to productivity.
+    The austerity program, started by Prime Minister Andreas
+Papandreou's socialist government in October 1985, resulted in
+a wave of strikes late last year and more industrial action is
+planned by trade unions and workers in coming months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2478" NEWID="13495">
+<DATE> 7-APR-1987 06:55:38.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0382&#31;reute
+b f BC-LME-LATE-PRE-MKTS-QUI   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME LATE PRE-MKTS QUIET</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>LME late pre-market trading to 11.30 hrs
+was quiet and prices were little changed from earlier.
+    Copper was steady in light two way business around the
+1,410 dlrs equivalent level after early dollar based buying had
+seen trading from 1,408 to 1,411 dlrs a tonne compared with
+1,406 dlrs yesterday. Sterling business was reported from 876
+to 878 stg, up two stg from yesterday afternoon's kerb close.
+    Zinc was easier under light trade selling in a thin market
+and three months delivery traded around the 730 dlrs equivalent
+compared with 734 dlrs yesterday. The sterling price was around
+453/455 stg a tonne, down three stg.
+    Lead was steady with three months delivery business at 299
+stg, unchanged from yesterday, but aluminium eased under light
+dollar based selling from 1,299 to 1,295 dlrs compared with
+1,298 dlrs a tonne yesterday.
+    Sterling aluminium prices were quoted around 805/807 stg,
+down two stg a tonne.
+    Nickel and silver were tradeless and quoted at 2,355/2,360
+stg a tonne and 424/426 pence an ounce respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2479" NEWID="13496">
+<DATE> 7-APR-1987 06:55:48.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0383&#31;reute
+u f BC-GERMAN-CALL-MONEY-FIR   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN CALL MONEY FIRMS ON TENDER</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>Call money firmed to about 3.65 pct,
+back to yesterday's 3.60/70 pct, from around 3.55 pct earlier
+today after the Bundesbank announced a tender for a new
+securities repurchase pact, dealers said.
+    The Bundesbank offered funds over 28 days at 3.80 pct,
+unchanged from the rate on recent facilities.
+    Many traders had expected the tender rate to come down in
+line with market rates for call money.
+    When this did not happen, because of more than adequate
+liquidity, many participants decided to withdraw funds from the
+market and use them to build up minimum reserves further.
+    This resulted in the slight rise in call money.
+    Banks held 58.9 billion marks at the Bundesbank on April 5,
+averaging 59.3 billion over the first five days of the month,
+well clear of the likely 51 billion mark minimum reserve
+requirement, dealers said.
+    There was therefore some surprise that the Bundesbank was
+offering more funds above the call money rate.
+    But some dealers noted that the rate on the 28 day facility
+was in line with one month money, which traded at 3.80/85 today
+after 3.80/90 yesterday and 3.90/4.00 on April 1.
+    Given market liquidity dealers said banks were likely to
+bid, and the Bundesbank allocate, less than the 14.9 billion
+marks draining from the market tomorrow when an earlier pact
+expires.
+    One dealer expected some 10 billion marks to be allocated.
+    Some dealers said the Bundesbank would have been unwilling
+to cut rates on this pact, as it is the first under its faster
+and more flexible tender process and because a lower rate might
+have been associated with the new system.
+    Dealers said they still thought the Bundesbank would over
+the next month lower the call money range from the narrow
+3.6-3.8 and broad 3.5-4.0 pct it has held recently.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2480" NEWID="13497">
+<DATE> 7-APR-1987 06:57:22.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0385&#31;reute
+r f BC-beirut-exchs-clsg---a   04-07 0034</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Beirut exchs clsg - april 7 uk transfer     18575.00 - 18675.00
+us transfer     11475.00 - 11525.00 kuwait          41880.00 -
+42050.00 saudi arabia    3050.00  - 3060.00 france         
+1890.00  - 1905.00
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2481" NEWID="13498">
+<DATE> 7-APR-1987 06:59:10.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0387&#31;reute
+b f BC-GENFINANCE-LUXEMBOURG   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENFINANCE LUXEMBOURG ISSUES 50 MLN STG EUROBOND</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Genfinance Luxembourg is issuing a 50 mln
+stg eurobond due May 7, 1994 paying 9-1/4 pct and priced at
+101-1/4 pct, lead manager Kleinwort, Benson Ltd said.
+    The issue is guaranteed on a subordinated basis by Generale
+Bank. It is available in denominations of 1,000 and 10,000 stg
+and will be listed in Luxembourg.
+    The selling concession is 1-1/4 pct while management and
+underwriting combined pays 5/8 pct. The payment date is May 7.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2482" NEWID="13499">
+<DATE> 7-APR-1987 06:59:24.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0388&#31;reute
+b f BC-MALAYSIAN-RUBBER-MARK   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN RUBBER MARKET CLOSES HIGHER</TITLE>
+<DATELINE>    KUALA LUMPUR, April 7 - </DATELINE><BODY>The Malaysian rubber market closed
+higher at 228 cents per kilo for May Int. Ones RSS buyer on
+further short covering, up 1.50 cents from yesterday's close,
+dealers said.
+    The market saw further buying interest towards the close
+following the rise in physicals and a further rise in
+Singapore. Lower Japanese advices failed to dampen sentiment.
+    Prices opened unchanged and then rose gradually on nearby
+covering following the steadier Singapore market.
+    May SMR 20 buyer closed unchanged from yesterday's level of
+194.50 cents per kilo on continued absence of fresh factors.
+    Physicals saw renewed activity on further short covering
+with sentiment influenced by an impending Indian tender
+tomorrow for April RSS Threes and SMR 20, dealers said.
+    May SMR 10 was traded at 196.50 and was further quoted
+between 196 and 197. SMR CV saw sellers at 244 while SMR L was
+bidd between 240 and 242.
+    The INRO daily market indicator price for April 6 was
+195.62 Malaysian/Singapore cents per kilo against 195.91 for
+April 3 while the five-day moving was unchanged at 195.70
+cents.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2483" NEWID="13500">
+<DATE> 7-APR-1987 06:59:32.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0389&#31;reute
+b f BC-LME-SILVER-1ST-RING-1   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME SILVER 1ST RING 1157 - APR 7
+                 LAST    BUYER   SELLER
+ Large Cash        --       --       --
+ 3 Months          --       --       --
+ Small Cash        --       --       --
+ 3 Months          --       --       --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2484" NEWID="13501">
+<DATE> 7-APR-1987 07:00:52.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0391&#31;reute
+u f BC-MALAYSIAN-CRUDE-PALM   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN CRUDE PALM OIL FUTURES CLOSE OFF HIGHS</TITLE>
+<DATELINE>    KUALA LUMPUR, April 7 - </DATELINE><BODY>Malaysian crude palm oil futures
+closed off the day's highs on late speculative selling
+following talk that Pakistan passed on its tender for another
+6,000 tonnes of RBD palm oil for second half April shipment
+after buying the same amount yesterday, dealers said.
+    A higher overnight Chicago soyoil futures close had
+supported prices earlier, they said.
+    June and July closed seven ringgit firmer at 746 and 742
+ringgit per tonne respectively, while April and May were six
+and five ringgit higher at 747.
+    Turnover rose to 448 lots from 135 yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2485" NEWID="13502">
+<DATE> 7-APR-1987 07:00:56.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0392&#31;reute
+u f BC-PARIS-GOLD-COINS---AP   04-07 0043</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PARIS GOLD COINS - APR 7
+ Franc per coin
+ Ingot 1 kilo 81950
+ Napoleon 512
+ Sovereign 595
+ Double eagle 2895     Single 1440
+ Latine Union 485
+ Swiss Louis 559
+ Mexican Pesos 3150
+ Turnovers - Paris Gold 8.5 (8.9) Mln francs
+ Ingots 60 (70)
+ Napoleons 2000 (2000)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2486" NEWID="13503">
+<DATE> 7-APR-1987 07:01:25.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0393&#31;reute
+u f BC-LONDON-COCOA-SHIPMENT   04-07 0046</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COCOA SHIPMENTS MIDDAY - APR 7
+    GHANA Cocoa differentials based on London terminal prices,
+stg per tonne cif U.K./N.E.
+ Mar/May  50 over May
+ Apr/Jun  55 over Jul
+ May/Jul  55 over Jul
+ Jun/Aug  60 over Sep
+ Jul/Sep  65 over Sep
+ Oct/Dec  80 over Dec
+ All nominal sellers
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2487" NEWID="13504">
+<DATE> 7-APR-1987 07:01:45.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0394&#31;reute
+u f BC-ZURICH-EXCHANGES-1300   04-07 0020</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH EXCHANGES 1300 - APRIL 7 us 1.5110-5120 stg 2.4456-4487
+dmk 82.92-83.02 ffr 24.92-95 lit 0.11637-11653 hfl 73.47-58
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2488" NEWID="13505">
+<DATE> 7-APR-1987 07:02:01.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0395&#31;reute
+u f BC-LONDON-BULLION-1200--   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON BULLION 1200 - APRIL 7
+ GOLD        420.20/420.70 dlrs
+ KRUGERRAND  425.00/428.00 dlrs
+ SILVER
+ spot        674.00/677.00 cents
+ 3 months    424.00/426.00 pence
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2489" NEWID="13506">
+<DATE> 7-APR-1987 07:03:52.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0397&#31;reute
+u f BC-ZURICH-GOLD-1300---AP   04-07 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH GOLD 1300 - APRIL 7 pool 419.50-422.50 (419.50-422.50 at
+1200) interbank 420.40-420.90 (420.60-421.10 at 1200)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2490" NEWID="13507">
+<DATE> 7-APR-1987 07:04:57.51</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>greece</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0398&#31;reute
+b f BC-AGREEMENT-REACHED-IN   04-07 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AGREEMENT REACHED IN GREEK ALUMINA DEAL WITH MOSCOW</TITLE>
+<DATELINE>    ATHENS, April 7 - </DATELINE><BODY>Greece and the Soviet Union have reached
+agreement in Moscow on a joint venture for a 450 mln dlr
+alumina plant in Greece, government spokesman Yannis Roubatis
+said.
+    Roubatis told reporters the Soviet Union agreed to buy the
+plant's entire annual output of 600,000 tonnes of alumina. More
+details would be given later by Greek Industry Undersecretary
+George Petsos, who was in Moscow.
+    The project was due to start in 1986, but problems over
+plans to sell some alumina to Bulgaria caused delays. The
+Soviet Union, which was to take 400,000 tonnes, later agreed to
+take the full production.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2491" NEWID="13508">
+<DATE> 7-APR-1987 07:05:04.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f0399&#31;reute
+b f BC-LONDON-DOLLAR-CROSS-R   04-07 0089</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DOLLAR CROSS RATES MIDDAY - APRIL 7
+      SPOT           1 MONTH      3 MONTHS     6 MONTHS
+ STG 1.6190/6200     52/49        131/127      225/220
+ DMK 1.8215/25       42/39        122/117      247/242
+ SFR 1.5110/20       48/43        114/109      228/218
+ DFL 2.0555/65       19/16        58/53        130/125
+ BFC 37.70/73        01/04        03/08        09/16
+ FFR 6.0575/0625     34/30        98/93        200/190
+ LIT 1297/1298       310/360      900/1100     1800/2300
+ YEN 145.10/20       34/30        98/93        200/190
+ CAN     1.3073/78
+ BFR FIN 37.85/88
+ DKR     6.8700/50
+ NKR     6.8150/8200
+ SKR     6.3425/75
+ AUS SCH 12.79/81
+ HK      7.8012/17
+ IRL     1.4670/90
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2492" NEWID="13509">
+<DATE> 7-APR-1987 07:05:07.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0400&#31;reute
+b f BC-LME-ALUMINIUM-IST-RIN   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME ALUMINIUM IST RING 1202 - APR 7
+                 LAST    BUYER   SELLER
+ Cash              --       --       --
+ 3 Months          --    805.0    806.0
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2493" NEWID="13510">
+<DATE> 7-APR-1987 07:05:10.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0401&#31;reute
+u f BC-MADRID-INTERBANK-RATE   04-07 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MADRID INTERBANK RATES - APR 7 US DOLLAR SPOT  127.65 - 127.75
+ONE MTH           105  -  115 TWO MTH           198  -  208
+THREE MTH         295  -  305 SIX MTH           527  -  542 ALL
+DISCOUNTS
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2494" NEWID="13511">
+<DATE> 7-APR-1987 07:05:12.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0402&#31;reute
+u f BC-ZURICH-DOLLAR-FORWARD   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH DOLLAR FORWARDS 1300 - APRIL 7 one month 0046/0043 two
+0084/0081 three 0114/0111 six 0227/0219 twelve 0440/0420 all
+discs.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2495" NEWID="13512">
+<DATE> 7-APR-1987 07:05:55.60</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0403&#31;reute
+b f BC-NO-INTERVENTION,-DOLL   04-07 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO INTERVENTION, DOLLAR FIXED AT 1.8218 MARKS</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>The Bundesbank did not intervene as
+the dollar was fixed lower at 1.8218 marks after 1.8243
+yesterday, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2496" NEWID="13513">
+<DATE> 7-APR-1987 07:06:08.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0404&#31;reute
+u f BC-INTERNATIONAL-COFFEE   04-07 0084</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+INTERNATIONAL COFFEE ORGANISATION - APR 7
+ Prices for Apr 6 in U.S.Cents per lb.
+ Composite daily price ICA 1979  98.29
+                 15 day average  99.17
+ Composite daily price ICA 1976  97.75
+ Other mild Arabicas   New York  98.00
+                 Bremen/Hamburg 104.30
+                        Average  99.58
+ Robustas              New York  97.50
+            Le Havre/Marseilles  96.23
+                        Average  96.99
+ Colombian mild Arabicas        107.00
+ Brazilian and other Arabicas    94.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2497" NEWID="13514">
+<DATE> 7-APR-1987 07:07:17.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0407&#31;reute
+b f BC-malaysian-palm-oil--   04-07 0049</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Malaysian palm oil - april 7
+ (prices un us dlrs/tonne local
+ fob malaysian ports, bulk)
+ rbd pal oil
+ apl 325 slr
+ may 322.50 slr 318
+ jne 322.50 slr
+ jly 320 slr
+ rbd olein
+ apl 332.50 slr 330
+ may 335 slr 332.50
+ jne 335 slr
+ jly 335 slr 332.50
+ rbd stearin
+ apl/may 277.50 slr
+ the rest unquoted
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2498" NEWID="13515">
+<DATE> 7-APR-1987 07:07:21.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0408&#31;reute
+r f BC-egyptian-bullion/coin   04-07 0040</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Egyptian bullion/coins - april 7 gold, fine, per gram          
+2890 silver, pure, per gram          50.0 republic (egypt gold
+pound)    22000 sovereign (kings head)         21500 sovereign
+(queens head)        21500 in egyptian piastres ==
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2499" NEWID="13516">
+<DATE> 7-APR-1987 07:07:52.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0409&#31;reute
+u f BC-LONDON-COFFEE-HOLDS-S   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON COFFEE HOLDS SMALL GAINS AT MIDMORNING</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Robusta futures held small gains of 12 to
+five stg per tonne at midmorning in quiet trade, with second
+position July traded up seven at 1,258 stg.
+    Recent increased roaster demand and physical offtake of
+coffee prompted light general buying, dealers said.
+    However, some analysts believed prices should be weakening
+due to the increase in Colombian, Brazilian and Mexican coffee
+on the market after origin sales of the past week. They were
+perplexed by steadiness in futures, they said.
+    Trade houses rolled May positions into July and September
+contracts. Volume was 969 lots including 520 crosses.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2500" NEWID="13517">
+<DATE> 7-APR-1987 07:08:57.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0410&#31;reute
+u f BC-MALAYSIAN-CRUDE-PALM   04-07 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN CRUDE PALM OIL CLOSES BELOW HIGHS</TITLE>
+<DATELINE>    KUALA LUMPUR, April 7 - </DATELINE><BODY>Crude palm oil prices closed below
+the day's highs on late selling, prompted by talk that Pakistan
+passed on its tender for 6,000 tonnes of RBD palm oil for
+second half April shipment after having bought the same amount
+yesterday, dealers said.
+    Pakistan's presence and steadier overnight Chicago soyoil
+futures supported the market initially, they added.
+    April deliveries, south and central regions closed five
+higher at 752.50 and 750 ringgit per tonne respectively after
+highs of 757.50 while May south traded down to 750 from 755.
+    The refined palm oil market saw some renewed interest, with
+prices also higher initially. May and June RBD palm olein
+traded earlier at 332.50 dlrs per tonne, and May RBD palm oil
+at 318.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2501" NEWID="13518">
+<DATE> 7-APR-1987 07:09:01.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0411&#31;reute
+b f BC-LME-COPPER-1ST-RING-1   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME COPPER 1ST RING 1207 - APR 7
+                 LAST    BUYER   SELLER
+ Std Cash          --       --       --
+ 3 Months          --       --       --
+ Hg Cash           --       --       --
+ 3 Months       880.0    879.5    880.0
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2502" NEWID="13519">
+<DATE> 7-APR-1987 07:09:04.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0412&#31;reute
+u f BC-PRS-PARIS-COCOA-13.00   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS COCOA 13.00 - APR 07
+ May 1255      ASK
+ Jul 1285      ASK
+ Sep 1285      BID
+ Dec 1320      BID
+ Mar 1335/1345 ba
+ May 1350      BID
+ Jul 1365      BID
+ Sales at call NIL accumulative total NIL
+ IRREGULAR
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2503" NEWID="13520">
+<DATE> 7-APR-1987 07:12:32.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0413&#31;reute
+b f BC-LONDON-STERLING-RATES   04-07 0044</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON STERLING RATES MIDDAY - APRIL 7
+ US    1.6190/6200   FFR  9.8080/8180
+ CAN   2.1165/95     LIT  2100/2103
+ DMK   2.9480/9520   YEN  234.85/235.15
+ DFL   3.3265/3305   DKR  11.1210/1350
+ SFR   2.4460/90     IRL  1.1025/45
+ BFC   61.01/13      ECU  1.4190/4207
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2504" NEWID="13521">
+<DATE> 7-APR-1987 07:13:15.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f0414&#31;reute
+b f BC-BANK-OF-ENGLAND-STERL   04-07 0016</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BANK OF ENGLAND STERLING INDEX NOON - APRIL 7
+ 72.3     AFTER OPENING 72.3
+  (PREVIOUS CLOSE 72.4)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2505" NEWID="13522">
+<DATE> 7-APR-1987 07:13:49.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0415&#31;reute
+b f BC-LME-LEAD-1ST-RING-121   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME LEAD 1ST RING 1212 - APR 7
+                 LAST    BUYER   SELLER
+ Cash              --       --       --
+ 3 Months       300.0    299.5    300.0
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2506" NEWID="13523">
+<DATE> 7-APR-1987 07:14:24.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ MQ
+&#22;&#22;&#1;f0417&#31;reute
+u f BC-CBT-DELIVERY-NOTICES   04-07 0052</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT DELIVERY NOTICES
+    April 7 for delivery on April 8
+ original              last date into which
+ notices               commodity was assigned
+ (grains in thousand bushels)
+ Wheat, Corn, Oats, Soybeans 0 bu
+ Soymeal, Soyoil 0 lots
+ Silver            33 lots  Apr  2, 1987
+ Kilo Gold          1 lots  Mar 30, 1987
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2508" NEWID="13524">
+<DATE> 7-APR-1987 07:16:21.70</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0420&#31;reute
+r f BC-BANK-OF-JAPAN-INTERVE   04-07 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES SHORTLY AFTER TOKYO OPENS</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>The Bank of Japan bought a small amount of
+dollars at around 145.95 yen shortly after the Tokyo market
+opened, dealers said.
+    But the dollar then fell on speculative selling by trading
+houses, they said.
+    The dollar had opened here at 145.95 yen against 145.85/90
+yen in New York and 146.00 yen at the close here yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2509" NEWID="13525">
+<DATE> 7-APR-1987 07:16:39.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0421&#31;reute
+u f BC-PARIS-SUGAR-AROUND-LO   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIS SUGAR AROUND LOWS BY MIDMORNING</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>White sugar futures were around morning
+lows in very quiet, featureless trading with the market looking
+to New York to provide impetus and perhaps an upside move,
+dealers said.
+    They said there was little outright trading with one
+Against Actual of 250 lots of May done and some May/August
+spread trading, mainly crosses.
+    May last traded at 1,146 francs a tonne after an opening
+1,155, a low of 1,145, and a close last night at 1,164. August
+was at a morning low of 1,168 francs after an opening 1,180 and
+previous close at 1,188.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2507" NEWID="13526">
+<DATE> 7-APR-1987 07:17:14.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f0422&#31;reute
+r f BC-cbt-s'meal-delvy-locs   04-07 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT METALS/FINANCIALS DELIVERY LOCATIONS</TITLE>
+<DATELINE>    Chicago, April 7 - </DATELINE><BODY>The following deliveries are scheduled
+for April 8 against Chicago Baord of Trade Futures -
+    Silver - 33 lots at Chicago, Illinois.
+    Kilo Gold - one lot at Chicago, Illinois.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2510" NEWID="13527">
+<DATE> 7-APR-1987 07:19:19.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0424&#31;reute
+b f BC-IRAQ-SAYS-IRAN-OFFENS   04-07 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IRAN OFFENSIVE ON SOUTHERN FRONT CHECKED</TITLE>
+<DATELINE>    BAGHDAD, April 7 - </DATELINE><BODY>Iraq said today its troops had killed
+thousands of Iranians in checking a new Tehran offensive on
+their southern war front.
+    The official Iraqi news agency INA quoted a correspondent
+in the field as saying Baghdad's forces were pursuing
+retreating Iranian troops.
+    The agency said the al-Ghadeer Brigade of the Iranian
+Revolutionary Guards and the 21st Brigade had been destroyed in
+the fighting.
+    The INA correspondent said Iraqi troops had surrounded the
+Iranians after the overnight attack was launched.
+    The Iranian news agency IRNA said Iranian forces had killed
+or wounded over 2,600 Iraqis in their new Karbala-8 offensive
+and the thrust through Iraqi defences was continuing.
+    Iraqi President Saddam Hussein, who presided over a meeting
+of his top military commanders in Baghdad two days ago, visited
+the northern city of Mosul today to attend celebrations marking
+the 40th anniversary of the ruling Baath Arab Socialist Party.
+    Reuter correspondent Subhy Haddad reported from Mosul that
+political observers there said Iran's offensive was timed to
+coincide with the party's anniversary. But radio programs were
+normal and there was no word in Mosul on fighting in the south.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2511" NEWID="13528">
+<DATE> 7-APR-1987 07:19:22.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0425&#31;reute
+b f BC-LME-ZINC-1ST-RING-121   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME ZINC 1ST RING 1217 - APR 7
+                 LAST    BUYER   SELLER
+ Hg Cash        455.0       --       --
+ 3 Months          --    454.0    455.0
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2512" NEWID="13529">
+<DATE> 7-APR-1987 07:19:32.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iraq</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0426&#31;reute
+u f BC-IRAN-REPORTS-IMPORTAN   04-07 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN REPORTS IMPORTANT VICTORIES ON SOUTHERN FRONT</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Iran said it had achieved important
+victories against Iraq on the southern war fronts last night.
+    A brief Iranian news agency IRNA report said "Important
+victories achieved in southern fronts Monday night." It gave no
+further details.
+    Iran launched a major offensive, codenamed Karbala-5,
+towards the major southern Iraqi port of Basra in January, but
+there have been no reports of heavy fighting in the area in
+recent weeks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2513" NEWID="13530">
+<DATE> 7-APR-1987 07:19:42.04</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0427&#31;reute
+r f BC-BANK-OF-JAPAN-TO-SELL   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 800 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>The Bank of Japan will sell tomorrow a
+total of 800 billion yen worth of financing bills from its
+holdings to help absorb a projected money market surplus of
+1,300 billion yen, money traders said.
+    Of the total, 400 billion yen will yield 3.8502 pct on
+sales from money houses to banks and securities houses in a
+41-day repurchase accord maturing on May 19.
+    Another 400 billion yen will yield 3.7991 pct in a 20-day
+repurchase pact maturing on April 28, they said.
+    The repurchase agreement yields compare with the 3.8125 pct
+one-month, and 3.7500 pct three-week commercial bill discount
+rates today.
+    Tomorrow's surplus is attributable to government tax
+allocations to local governments and public entities.
+    The operation will put outstanding bill supply at about
+4,300 billion yen, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2514" NEWID="13531">
+<DATE> 7-APR-1987 07:20:12.02</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>sprinkel</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0429&#31;reute
+r f BC-NO-INTERVENTION,-DOLL   04-07 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO INTERVENTION, DOLLAR FIXED AT 1.8218 MARKS</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>The Bundesbank did not intervene as
+the dollar was fixed lower at 1.8218 marks after 1.8243
+yesterday, dealers said.
+    Dealers said dollar trading was very quiet over the
+European morning, with operators made wary by today's meeting
+of the Group of Five finance ministers and central bank chiefs
+ahead of the full IMF/World Bank session in Washington.
+    It was undermined by remarks from U.S. Council of Economic
+Advisers Chairman Beryl Sprinkel who told Iowa bankers the U.S.
+Had no objective regarding the value of the dollar.
+    Sprinkel also called the reference to stabilizing exchange
+rates at about current levels, made at the Paris meeting on
+February 22, a "vague statement," casting doubt on operators'
+assumptions that a secret target level had been set.
+    Sprinkel added that if West Germany and Japan made progress
+to stimulate their economies as the Paris agreement envisaged,
+"there would not be the necessity of significant declines in the
+dollar."
+    One dealer for a U.S.-based bank noted the dollar tended
+easier after the remarks. "They were obviously regarded as being
+negative. And if the market starts regarding anything that
+comes out negatively then it means that the underlying
+sentiment is negative," he said.
+    Some early selling pressure softened the dollar's
+undertone.
+    Most operators overlooked intervention by the Bank of Japan
+to support the dollar against selling in favour of the yen by
+institutional investors and overseas operators, dealers said.
+    After the strong focus on the dollar/yen rate in recent
+weeks up to the end of the Japanese financial year on March 31,
+interest and activity was likely to switch, dealers said.
+    "We can start to look at a point in time where the interest
+shifts away from dollar/yen and more into dollar/mark and the
+other European currencies," the U.S. Bank dealer said.
+    Despite the softer undertone, traders would remain wary of
+taking significant new positions during the Washington
+meetings, dealers said. Aside from the G-5 session today,
+Bundesbank President Karl Otto Poehl is due to meet the German
+Affairs group on international monetary issues later.
+    The mark gained some strength from news the Bundesbank set
+a new securities repurchase tender to add money market
+liquidity at a fixed 3.80 pct, unchanged from those over the
+last several weeks. Some expectation had been growing that it
+might cut the rate or move to a minimum interest rate tender,
+signalling a desire for a slight easing in credit policy.
+    Bundesbank central bank council member Lothar Mueller said
+the Bundesbank had not given up its focus on money supply. A
+monetary policy which took into account exchange rates and
+capital flows could not be confused with an exchange-rate
+oriented policy, he said, contradicting some growing sentiment.
+    Sterling eased a touch to 2.950 marks at the fixing from
+2.957. The yen's unabated strength, despite the intervention,
+brought it up to 1.2555 marks per 100 from yesterday's 1.2480.
+    The Swiss franc rose to a fix of 120.515 marks per 100 from
+120.180. The French franc eased to 30.055 marks per 100 after
+30.060, Belgian franc was little changed at 4.829 marks per
+100.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2515" NEWID="13532">
+<DATE> 7-APR-1987 07:21:34.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0430&#31;reute
+r f BC-WORMALD-TO-ACQUIRE-ST   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORMALD TO ACQUIRE STAKE IN HOLMES PROTECTION</TITLE>
+<DATELINE>    SYDNEY, April 7 - </DATELINE><BODY>Fire protection and security group
+Wormald International Ltd &lt;WOIA.S> said British-listed &lt;Holmes
+Protection Group Inc> has agreed to issue it with 6.15 mln
+common shares of one U.S. Cent par-value at 1.72 stg each.
+    The two groups have also begun exploratory talks on a
+possible merger of the Holmes business with the compatible
+businesses of Wormald, comprising some or all of its fire
+protection and security businesses in the Americas and Europe,
+Wormald said in a statement.
+    The issue of shares in the New York-based Holmes is
+conditional upon shareholder approval at a general meeting.
+    Wormald said its stake will represent 9.99 pct of Holmes'
+existing issued shares and 9.09 pct of the enlarged capital.
+    The issue will raise 10.6 mln stg which will be used for
+further development of the Holmes business.
+    Wormald said the businesses of the two groups are largely
+complementary in terms of both geographical spread and the
+nature of their activities, with Holmes concentrating on
+burglar alarms and Wormald on fire systems.
+    Holmes's operations are concentrated in and around New York
+amd Miami. It earned 11 mln U.S. Dlrs pre-tax in its last
+reported full year, 1985, and 6.0 mln in first half 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2516" NEWID="13533">
+<DATE> 7-APR-1987 07:21:43.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0431&#31;reute
+u f BC-LONDON-EURODOLLAR-DEP   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON EURODOLLAR DEPOSITS STEADY AT MIDSESSION</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Eurodollar deposit rates were little
+changed at midsession though some firmness was detected at the
+longer end of the market prompted by a slightly weaker dollar.
+    Dealers said the market remains extremely thin with no
+important U.S. Economic indicators due until Friday. Operators
+are awaiting the outcome of the Group of Seven finance
+ministers meeting in Washington tomorrow to review their
+February accord on currency stability.
+    Federal Reserve Board Chairman Paul Volcker's testimony
+before a Senate subcommittee later today on monetary policy
+could provide some interest, dealers added.
+    Short dated eurodollars were steady with overnight to
+spot/next quoted at a common 6-1/4 1/8. One week gained 1/16
+point to 6-5/16 3/16 pct.
+    In the period rates, one to five months were unchanged with
+three months at 6-9/16 7/16 pct. Six months to one year were
+all 1/16 point firmer with sixes at 6-11/16 9/16 pct and one
+year at 6-7/8 3/4 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2517" NEWID="13534">
+<DATE> 7-APR-1987 07:22:47.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0436&#31;reute
+h f BC-BRITISH-OPNION-POLLS   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH OPNION POLLS KEEP CONSERVATIVES AHEAD</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Two British opinion polls showed the
+ruling Conservative Party would retain power with a clear
+majority in general elections.
+    A poll for commercial television, conducted after Prime
+Minister Thatcher returned from Moscow, this morning gave the
+Conservatives their highest rating since they were re-elected
+in 1983, with 43 pct of the votes, Labour 30 and the Social
+Democratic-Liberal Alliance 26 pct.
+    Another poll in the Times newspaper taken in 73 key
+marginal constituencies, predicted a Conservative majority of
+92 seats.
+    Thatcher, does not have to call elections until June 1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2518" NEWID="13535">
+<DATE> 7-APR-1987 07:23:06.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0437&#31;reute
+r f BC-FRANC-ZONE-MINISTERS   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANC ZONE MINISTERS CALL FOR MORE AID</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>Finance ministers from African countries
+in the French franc currency zone called for more aid from the
+international banking community at a meeting here last Friday,
+the French finance ministry said in a statement.
+    The talks, held to prepare for this week's International
+Monetary Fund interim committee meeting in Washington,
+underlined that a considerable decline in bank aid to
+developing nations was a major source of worry.
+    The ministers noted that this decline was contrary to
+expectations on debt strategy which emerged from the October
+1985 IMF general assembly in Seoul.
+    "Even if to a certain extent the efforts of banks can be
+helped out by those of private investors, the contribution of
+the international banking community remains indispensable," the
+statement said.
+    They underlined the need, given present circumstances, for
+a new allocation of Special Drawing Rights (SDRs) to relieve
+tensions on the exchange reserves of numerous developing
+countries, the statement added without elaborating.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2519" NEWID="13536">
+<DATE> 7-APR-1987 07:23:12.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f0438&#31;reute
+b f BC-LME-METAL-AM-1ST-RING   04-07 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME METAL AM 1ST RING VOLUMES/PAIDS - APR 7</TITLE>
+<DATELINE>    COPPER GRADE A - </DATELINE><BODY>2650 tonnes mainly carries cash nil
+3months 880.00  STANDARD - Nil
+    LEAD - 1550 tonnes mainly carries cash nil 3months 299.50
+300.00
+    ZINC HIGH GRADE - 450 tonnes mainly carries cash 455.00
+3months nil
+    SILVER LARGE and SMALL - Nil
+    ALUMINIUM - 12000 tonnes all carries cash nil 3months nil
+    NICKEL - 126 tonnes mainly carries cash nil 3months 2360
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2520" NEWID="13537">
+<DATE> 7-APR-1987 07:24:25.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0441&#31;reute
+h f BC-GREEK-OFFICIAL-SAYS-A   04-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREEK OFFICIAL SAYS AUSTERITY MEASURES PAYING OFF</TITLE>
+<DATELINE>    ATHENS, April 7 - </DATELINE><BODY>Economy Undersecretary Yannos Papantoniou
+said the Greek economy was responding well to a two-year
+government austerity program.
+    He told reporters the evidence for this was in last year's
+figures, which showed a drop in inflation from 25 pct to 16.9
+and a reduction in the current account deficit from 3.3 billion
+dlrs to 1.7 billion.
+    Papantoniou said indications were encouraging that a target
+of 1O pct inflation and a deficit of 1.25 billion dlrs would be
+reached by the end of 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2521" NEWID="13538">
+<DATE> 7-APR-1987 07:24:30.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0442&#31;reute
+b f BC-LME-NICKEL-1ST-RING-1   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME NICKEL 1ST RING 1222 - APR 7
+                 LAST    BUYER   SELLER
+ Cash              --       --       --
+ 3 Months        2360     2360     2370
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2522" NEWID="13539">
+<DATE> 7-APR-1987 07:24:36.44</DATE>
+<TOPICS><D>meal-feed</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0443&#31;reute
+r f BC-WEST-GERMAN-1986-OIL   04-07 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN 1986 OIL MEALS, CAKES USE UP</TITLE>
+<DATELINE>    HAMBURG, April 7 - </DATELINE><BODY>West German consumption of oilmeals and
+oil cakes last year rose by 2.4 pct to 6.3 mln tonnes, the
+agriculture ministry said.
+    It said in a statement the increase was exclusively due to
+sharply higher use of rape products, which went up by 8.9 pct
+to 1.08 mln tonnes.
+    Use of soy products dropped 7.2 pct to 2.89 mln tonnes, it
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2523" NEWID="13540">
+<DATE> 7-APR-1987 07:24:43.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0444&#31;reute
+r f BC-SUMITA-SEES-REAGAN-BO   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITA SEES REAGAN BONDS FEASIBLE, SAYS NEWSPAPER</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>Bank of Japan Governor Satoshi Sumita said
+he would support the issuance of Reagan bonds, yen-denominated
+U.S. Government securities, if it was considered appropriate, a
+Japanese daily paper reported.
+    The Sankei Shimbun quoted Sumita as saying in an interview
+"It (Reagan bond) is a very feasible idea," speaking in the
+context of the effectiveness of such bonds in halting the
+dollar's decline.
+    Asked how he would respond to the idea if it were brought
+up at any Group of Five meeting in Washington later this week,
+the paper quoted him as saying "I will back it up."
+    But Sumita said the market still has confidence in the
+dollar, and one must be careful in associating the current
+dollar decline with anything like a free fall, the paper said.
+    In 1978, the administration of then president Jimmy Carter
+floated government securities worth four billion dlrs in marks
+and Swiss francs to try to halt the the dollar's depreciation.
+    A Bank of Japan spokesman confirmed that the newspaper
+report was basically correct.
+    But a senior central bank official told Reuters that as far
+as he knew, the idea was not being seriously considered now,
+either in the U.S. Or in Japan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2524" NEWID="13541">
+<DATE> 7-APR-1987 07:25:19.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0446&#31;reute
+d f BC-STRONG-QUAKE-JOLTS-CE   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRONG QUAKE JOLTS CENTRAL JAPAN</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>A strong earthquake registering 6.9 on the
+open-ended Richter scale jolted central and northern Japan, the
+Meteorological Agency said, but there were no immediate reports
+of injuries or damage.
+    An agency statement estimated the epicentre of the quake,
+which struck at 9:40 A.M. (0040 GMT), as being under the sea
+off Fukushima prefecture, some 240 km north of Tokyo.
+    On March 18, a quake also registering 6.9 on the Richter
+scale hit south-west Japan, killing two people.
+    Earthquakes of force six on the Richter scale are capable
+of causing widespread, heavy damage in a populated area.
+    The agency issued, but soon cancelled, a tidal-wave warning
+for the Pacific coastline of central and northern Japan.
+    The Shinkansen bullet train linking Tokyo and northern
+Morioka stopped running. Services will be suspended for several
+hours while workers check the tracks, railway officials told
+Reuters.
+    A spokesman for Fukushima police told Reuters they had not
+received any damage reports, even from the coastal town of
+Onahama, which registered the maximum intensity.
+    He described the shaking as very strong.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2525" NEWID="13542">
+<DATE> 7-APR-1987 07:26:03.51</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>kuwait</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0448&#31;reute
+u f BC-KUWAIT-MAY-RE-REGISTE   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT MAY RE-REGISTER GULF TANKERS - NEWSPAPER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Kuwait may re-register part of its
+tanker fleet with foreign flag jurisdictions, including the
+U.S. And USSR, in an attempt to protect them from Iranian
+missile attacks in the Gulf war zone, U.S. Officials were
+quoted by the New York Times as saying.
+    The transfers would allow the country of registration to
+escort Kuwaiti-owned ships in the Gulf. Kuwait had earlier
+declined an offer of U.S. Naval escorts as too public an
+admission of its need for protection, they said.
+    Kuwait is also looking at flagging-out to European
+registries, the officials said.
+    Soviet flag tankers transporting Kuwaiti oil through the
+Gulf may get Soviet escorts, the officials said.
+    Kuwait had earlier considered having both USSR and U.S.
+Escorts, but the U.S. Was unwilling to give the Soviet Union a
+naval role in the region, the newspaper quoted the officials as
+saying.
+    Kuwait has backed Iraq in the seven-year war against Iran
+and its ships have increasingly been the target of Iranian
+attacks.
+    The U.S. And Kuwait have been negotiating for over a month
+on methods of protecting Kuwaiti ships.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2526" NEWID="13543">
+<DATE> 7-APR-1987 07:27:17.72</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0450&#31;reute
+u f BC-CHASE-AMP-BANK-CUTS-A   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHASE-AMP BANK CUTS AUSTRALIAN PRIME TO 17.75 PCT</TITLE>
+<DATELINE>    SYDNEY, April 7 - </DATELINE><BODY>&lt;Chase-AMP Bank Ltd> said it will lower
+its prime lending rate to 17.75 pct from 18.25, effective
+tomorrow.
+    The bank is the first to lower its prime rate below the 18
+pct set by a few banks in the last few days in a continuation
+of a downward trend which began late last month.
+    Other prime rates range from 18.25 to 18.5 pct, with the
+majority on 18.25.
+    The bank said the reduction reflected the recent downturn
+in money market rates, the improved economic outlook and
+adequate liquidity in the second quarter tax rundown period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2527" NEWID="13544">
+<DATE> 7-APR-1987 07:27:29.75</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0451&#31;reute
+r f BC-JAPAN-CENTRAL-BANK-IN   04-07 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CENTRAL BANK INTERVENES IN TOKYO AFTERNOON</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>The Bank of Japan intervened in early
+afternoon Tokyo trading to support the dollar against active
+selling by institutional investors and speculative selling by
+overseas operators, dealers said.
+    The central bank had also bought dollars against the yen in
+morning trade.
+    The dollar traded around 145.20/30 yen when trading began
+in the afternoon here and weakened only slightly, the dealers
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2528" NEWID="13545">
+<DATE> 7-APR-1987 07:27:41.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f0452&#31;reute
+u f BC-est-peor/inpls-rcpts   04-07 0080</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ESTIMATED PEORIA/INDIANAPOLIS LIVESTOCK RECEIPTS
+ USDA APRIL     7
+          PEORIA          INDIANAPOLIS
+          CATTLE  HOGS    CATTLE  HOGS
+ TODAY    ---     2,000   n/a          
+ WEEK AGO ---     2,900   800     400  
+ YEAR AGO ---     2,100   800     800  
+ WEEK TO                               
+ DATE     1,400   4,500   n/a          
+ WEEK AGO 1,200   4,700   1,000   1,000
+ YEAR AGO 1,300   5,000   1,200   1,800
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2529" NEWID="13546">
+<DATE> 7-APR-1987 07:27:52.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0453&#31;reute
+r f BC-HYUNDAI-CAR-EXPORTS-R   04-07 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYUNDAI CAR EXPORTS RISE SHARPLY IN EARLY 1987</TITLE>
+<DATELINE>    SEOUL, April 7 - </DATELINE><BODY>Hyundai Motor Co &lt;HYUN.SE> exported 80,432
+cars in the first three months of 1987, mostly to North
+America, up from 62,813 in the same 1986 period, company
+officials said.
+    The company aims to export 450,000 cars in 1987, including
+250,000 to the United States.
+    Last year Hyundai exported a record 300,200 cars, including
+168,900 sales to the U.S. Of the Pony Excel sub-compact, they
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2530" NEWID="13547">
+<DATE> 7-APR-1987 07:28:38.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f0454&#31;reute
+u f BC-6-markets-est-arrvls   04-07 0078</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SIX MARKET ESTIMATED ARRIVALS USDA
+APRIL      7
+          SLGHTR  FEEDER  TOTAL   SLGHTR
+          CATTLE  CATTLE  CATTLE  HOGS
+ TODAY    5,300   700     6,000   13,700
+ WEEK AGO 4,900   700     5,600   12,800
+ YEAR AGO ----    ----    4,400   15,700
+ WEEK TO                                
+ DATE     12,600  900     13,500  30,700
+ WEEK AGO 10,200  1,000   11,200  24,900
+ YEAR AGO ----    ----    11,700  35,600
+ reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2531" NEWID="13548">
+<DATE> 7-APR-1987 07:28:46.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0455&#31;reute
+u f BC-CHRISTIAN-DEMOCRATS-S   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRISTIAN DEMOCRATS SAY ROME GOVERNMENT FINISHED</TITLE>
+<DATELINE>    ROME, April 7 - </DATELINE><BODY>Italy's majority Christian Democrat party,
+saying the five-party government to which it belongs is
+finished, has decided to withdraw its 16 ministers before a
+parliamentary confidence vote later this week.
+    Christian Democrat leadership issued a document saying it
+"registers ... The dissolution of the present government."
+    Socialist Prime Minister Bettino Craxi's five-party
+government resigned on March 3 after a dispute between his
+party and the Christian Democrats. President Francesco Cossiga
+has rejected the resignation and sent the government back to
+parliament for a confidence debate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2532" NEWID="13549">
+<DATE> 7-APR-1987 07:29:41.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f0456&#31;reute
+u f BC-11-mkt-est-lstck-rcpt   04-07 0093</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ESTIMATED LIVESTOCK RECEIPTS FOR 11 MARKETS USDA
+ For APRIL     7
+             SLTR    FEEDER  TOTAL   SLTR
+             CATTLE  CATTLE  CATTLE  HOGS
+ KANSAS CITY 100    ---    100    500    
+ OMAMA       2,700  ---    2,700  2,700  
+ ST LOUIS    200    100    300    3,000  
+ ST JOSEPH   ---    300    300    1,500  
+ SIOUX CITY  900    ---    900    3,200  
+ ST PAUL     1,400  300    1,700  2,800  
+ TOTAL
+ SIX MARKETS 5,300  700    6,000  13,700 
+ WEEK AGO    4,900  700    5,600  12,800 
+             SLTR    FEEDER  TOTAL     SLTR
+             CATTLE  CATTLE  CATTLE    HOGS
+ PEORIA      ---     ---     ---    2,000  
+ OKLA CITY   200     6,800   7,000  500    
+ SIOUX FALLS 1,200   ---     1,200  3,000  
+ JOLIET      ---     ---     ---    200    
+ WEST FARGO  400     500     900    400    
+ TOTAL
+ 11 MARKETS  7,100   8,000   15,100 19,800  
+ WEEK AGO    7,400   6,900   14,300 19,100  
+ YEAR AGO    6,100   5,900   12,000 21,300  
+ WEEK TO
+  DATE       18,200  21,400  39,600 41,400  
+ WEEK AGO    16,800  13,600  30,400 38,000  
+ YEAR AGO    17,400  9,900   27,300 49,000  
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2533" NEWID="13550">
+<DATE> 7-APR-1987 07:32:11.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM AI
+&#22;&#22;&#1;f0458&#31;reute
+b f BC-LONDON-EURODOLLAR-DEP   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON EURODOLLAR DEPOSITS RATES 1230 - APRIL 7
+ overnight     6-1/4 1/8
+ tom/next      6-1/4 1/8
+ spot/next     6-1/4 1/8
+ week fixed    6-5/16 3/16
+ one month     6-7/16 5/16
+ two    6-1/2 3/8       three 6-9/16 7/16
+ four   6-9/16 7/16     five  6-5/8 1/2
+ six    6-11/16 9/16    nine  6-13/16 11/16
+ twelve 6-7/8 3/4
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2534" NEWID="13551">
+<DATE> 7-APR-1987 07:32:26.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0459&#31;reute
+u f BC-LONDON-SUGAR-NON-TRAN   04-07 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SUGAR NON-TRANSFERABLE OPTIONS - APR 7
+ MTH   TYPE     STRIKE PRICE   PREMIUM  VOLUME
+ MORNING BUSINESS
+ Nil.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2535" NEWID="13552">
+<DATE> 7-APR-1987 07:32:41.86</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0460&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 224 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with 224 mln stg help in the morning session.
+This compares with the Bank's forecast of a shortage in the
+system today of around 850 mln stg which it earlier revised up
+from 800 mln.
+    The central bank bought bank bills comprising 27 mln stg in
+band one at 9-7/8 pct, 21 mln stg in band two at 9-13/16 pct
+and 171 mln stg in band three at 9-3/4 pct.
+    It also purchased three mln stg of treasury bills and two
+mln stg of local authority bills in band three at 9-3/4 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2536" NEWID="13553">
+<DATE> 7-APR-1987 07:33:11.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0461&#31;reute
+u f BC-LONDON-GASOIL-CALL-CO   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GASOIL CALL COMPLETE  1231 - APR 7</TITLE>
+ MTH      LAST    BYR    SLR   HIGH    LOW SALES
+<DATELINE> Mar       ---    ---    ---    ---    ---   ---
+ </DATELINE><BODY>Apr    149.00 149.00 149.25 149.50 147.75   987
+ May    147.50 147.25 147.50 147.75 146.25   898
+ Jun    146.50 146.50 146.75 147.25 146.00   280
+ Jul    146.50 146.50 146.75 147.00 146.50    64
+ Aug       --- 147.00 148.00    ---    ---   ---
+ Sep       --- 146.50 151.00    ---    ---   ---
+ Oct       --- 145.00    ---    ---    ---   ---
+ Nov       --- 145.00    ---    ---    ---   ---
+ TOTAL SALES   2229
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2537" NEWID="13554">
+<DATE> 7-APR-1987 07:35:46.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0463&#31;reute
+u f BC-LONDON-COFFEE-OPTION   04-07 0010</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COFFEE OPTION TRADES MORNING - APR 7
+    Business nil.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2538" NEWID="13555">
+<DATE> 7-APR-1987 07:36:08.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f0464&#31;reute
+r f BC-extended-weather-outl   04-07 0101</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+EXTENDED WEATHER OUTLOOK - OFFICIAL
+    Thursday through Saturday
+    ILLINOIS - Fair Thu/Fri. Partly cloudy Sat. Mild days, cool
+nights through the period. Highs 60s, near 70 extreme south
+Sat. Lows 40s.
+    MISSOURI - Mild w/chance of showers late Fri/Sat. Highs
+60s, lows 40s.
+    INDIANA - Mostly clear nights, sunny days Thu/Fri.
+Increasing clouds Sat w/chance of rain south. Lows mid 30s-mid
+40s, highs mostly 60s.
+    IOWA - Partly cloudy Thu, chance of rain Fri/Sat. Highs
+60s, lows 40s.
+    MINNESOTA - Warm/dry Thu. Chance of showers Fri, east Sat.
+Highs mid 50s-around 70. Lows low 30s-low 40s.
+    OHIO - generally fair/milder. Highs upper 50s-60s. Lows
+upper 30s-mid 40s.
+    TENNESSEE - Fair/mild Thu/Fri w/increasing cloudiness
+mainly west Sat. Highs mid 60s-near 70. Lows mainly 40s.
+    SOUTH DAKOTA - Chance of showers west Thu, east Fri. Lows
+30s-mid 40s. Highs 60s-mid 70s.
+    NORTH DAKOTA - Continued fair/mild. Highs upper 50s-mid
+60s. Lows 30s.
+    KANSAS - Chance for rain/t-storms Sat. Mild. Highs 60s,
+lows upper 30s nw, 40s elsewhere.
+    NEBRASKA - Mild. Chance of showers west Thu, statewide Fri.
+Highs low-mid 60s west, upper 60s-low 70s se. Lows mid-upper
+30s west, low 40s se.
+    ARKANSAS - Partly cloudy w/slow warming trend Thu/Fri.
+Chance of t-showers Sat. Lows 40s-50s. Highs 60s-70s.
+    OKLAHOMA - Generally fair w/highs mostly 70s and lows upper
+30s-upper 40s.
+    COLORADO - Cooler Thu w/scattered showers/t-storms over
+state. Mostly clear/warmer Fri/Sat. Highs Thu mostly 40s
+mountains, 50s at lower elevations. Highs warming by Sat to
+upper 40s-50s mountains, 60s-70s elsewhere. Lows teens-20s
+mountains, upper 20s-30s at lower elevations.
+    NORTH TEXAS - No significant rainfall expected Thu-Sat.
+Lows mid 40s-low 50s. Highs low-mid 70s.
+    WEST TEXAS - Fair Thu becoming partly cloudy w/widely
+scattered showers/t-storms Fri/Sat. No large change in temps.
+Lows mid 30s-40s. Highs mid 60s-70s.
+    SOUTH TEXAS - Partly cloudy north Thu, mostly cloudy south
+w/chance of showers. Highs 70s, lows 40s north and east, near
+60 lower coast, lower Rio Grande Valley, 50s elsewhere. Mostly
+cloudy Fri/Sat w/chance of t-storms. Highs 70s, near 80 lower
+valley and Rio Grande Plains. Lows near 50 north, 60s extreme
+south, 50s elsewhere.
+    MISSISSIPPI - Mostly fair Thu/Fri. Partly cloudy w/chance
+of rain Sat. Most lows 40s. Highs upper 60s-low 70s.
+    LOUISIANA - Little or no rain Thu/Fri, chance of rain Sat.
+Lows 50s, highs 70-75.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2539" NEWID="13556">
+<DATE> 7-APR-1987 07:36:14.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f0465&#31;reute
+u f BC-est-peor/inpls-rcpts   04-07 0080</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ESTIMATED PEORIA/INDIANAPOLIS LIVESTOCK RECEIPTS
+ USDA APRIL     7
+          PEORIA          INDIANAPOLIS
+          CATTLE  HOGS    CATTLE  HOGS
+ TODAY    ---     2,000   900     500  
+ WEEK AGO ---     2,900   800     400  
+ YEAR AGO ---     2,100   800     800  
+ WEEK TO                               
+ DATE     1,400   4,500   1,200   1,400
+ WEEK AGO 1,200   4,700   1,000   1,000
+ YEAR AGO 1,300   5,000   1,200   1,800
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2540" NEWID="13557">
+<DATE> 7-APR-1987 07:36:36.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0467&#31;reute
+r f BC-ADB-APPROVES-LOANS-FO   04-07 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADB APPROVES LOANS FOR AGRICULTURAL PROJECTS</TITLE>
+<DATELINE>    MANILA, April 7 - </DATELINE><BODY>The Asian Development Bank (ADB) said it
+approved two loans totalling 75.7 mln dlrs for agricultural
+projects in Bangladesh and Nepal.
+    Both loans are repayable over 40 years, including a 10-year
+grace, and carry a service charge of one pct a year.
+    The bank approved 51.7 mln dlrs for an agricultural inputs
+program for Bangladesh aimed at sustaining foodgrain
+production. The loan will cover the foreign exchange component
+of the project's total cost of 65 mln dlrs .
+    The ADB also approved 24 mln dlrs for an agricultural
+credit project in Nepal to increase foodgrain and dairy produce
+output.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2541" NEWID="13558">
+<DATE> 7-APR-1987 07:36:39.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0468&#31;reute
+u f BC-AMSTERDAM-EXCHANGES-F   04-07 0017</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AMSTERDAM EXCHANGES FIXING - APRIL 7
+     US    2.0560
+     DM    112.845
+     STG   3.3280
+    FFR       33.915                NKR        30.165
+    BFR COM   5.4500                CAN        1.5735
+    SFR       136.00                AUS SCH    16.0540
+    YEN       141.66                IRL        3.0140
+    LIT       15.84                 PTA        1.6120
+    SKR       32.41                 ECU        2.3450
+    DKR       29.915
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2542" NEWID="13559">
+<DATE> 7-APR-1987 07:37:04.73</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0469&#31;reute
+r f BC-EC-INDUSTRIAL-PRODUCT   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC INDUSTRIAL PRODUCTION GROWTH HALTS IN JANUARY</TITLE>
+<DATELINE>    LUXEMBOURG, April 7 - </DATELINE><BODY>Industrial production in the European
+Community (EC) in January showed no growth compared with
+January 1986, the EC statistics office, Eurostat, said in a
+report.
+    It said the EC industrial production index, base 1980,
+stood at 103.9 in both months.
+    EC officials said while the lack of growth may have been
+due in part to the icy weather which gripped large parts of the
+EC in January, it also reflects a worrying trend.
+    Eurostat said for the last three months for which figures
+are known, industrial output rose by only 0.9 pct compared with
+the year-earlier period.
+    Annual growth in the 12 months to January averaged about
+1.8 pct, well below the 2.8 pct figure recorded in the 12
+months ending last June, the office said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2543" NEWID="13560">
+<DATE> 7-APR-1987 07:37:51.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0471&#31;reute
+b f BC-LONDON-COFFEE-ROBUSTA   04-07 0046</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COFFEE ROBUSTA 1225 - APR 7
+ MTH BYR  SLR  HIGH LOW  SALES
+ May 1249 1250 1255 1245  334
+ Jul 1259 1265 1265 1253  371
+ Sep 1278 1279 1283 1274  153
+ Nov 1303 1304 1306 1299   15
+ Jan 1322 1329 1330 1324  119
+ Mar 1345 1350 1350 1345  118
+ May 1360 1368 nil
+ 1110        
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2544" NEWID="13561">
+<DATE> 7-APR-1987 07:38:01.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0472&#31;reute
+u f BC-LONG-DEBT-FUTURES-TUR   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONG DEBT FUTURES TURN EASIER IN LIFFE MORNING</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Long debt futures turned easier in late
+morning on the London International Financial Futures Exchange
+(LIFFE) as the dollar and sterling softened, dealers said.
+    Long gilt futures had a good start with an opening range of
+124-10/32 to 124-14/32 from 124-7/32 overnight as sentiment was
+boosted by two opinion polls showing a comfortable lead for the
+ruling Conservatives.
+    They made a high of 124-19/32 but met chart resistance. A
+wave of professional sales hit the market at 1000 GMT, driving
+the price to a low of 124 after minor support at 124-6/32 was
+breached.
+    This coincided with a dip in sterling to 72.2 on its trade-
+weighted index against 72.3 at the start and 72.4 last night.
+    At the same time, the dollar was dipping below 145 yen
+after a night of pressure in the Far East.
+    June T-bond futures made lows of 97-18/32 and settled
+around 97-21/32 at 1015 GMT after opening 8/32 easier at
+97-26/32.
+    Analysts said the markets remained cautious because of a
+series of talks in Washington this week between finance
+ministers of industrial countries.
+    June Eurodollars started at 93.33, a technical support
+point, and eased to 93.30 or 0.06 below last night.
+    Analysts said sterling contracts would have difficulty
+advancing beyond current levels if the market discounts the
+Conservative victory predicted by the opinion polls.
+    Other difficulties were sterling's inability to breach the
+2.96 mark ceiling, which could indicate the Bank of England is
+trying hard to keep a lid on the U.K. Currency.
+    Also, market talk of a further base rate cut has died down,
+although another cut was virtually discounted by mid-March.
+    June short sterling futures were little changed in early
+trading from last night's 90.78 but slipped to a low of 90.73
+by late morning. Interbank interest rates were unchanged.
+    June FT-SE 100 futures saw an opening range of 204 to
+203.70 in line with last night's 203.80 but made a low of
+202.20 late morning. The underlying index opened only slightly
+weaker and losses extended to 11 points by 1030 GMT.
+    Long gilt options featured 465 June calls at 125, 127 at
+130 with 118 June puts at 122 and 195 at 126.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2545" NEWID="13562">
+<DATE> 7-APR-1987 07:38:03.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0473&#31;reute
+u f BC-LONDON-COFFEE-GRADING   04-07 0015</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON COFFEE GRADINGS/TENDERS - APR 7</TITLE>
+<DATELINE>    GRADINGS - </DATELINE><BODY>None posted, Total todate 20 originals.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2546" NEWID="13563">
+<DATE> 7-APR-1987 07:39:25.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0475&#31;reute
+b f BC-LME-COPPER-2ND-RING-1   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME COPPER 2ND RING 1237 - APR 7
+                 LAST    BUYER   SELLER
+ Hg Cash        920.0       --       --
+ 3 Months       883.0       --       --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2547" NEWID="13564">
+<DATE> 7-APR-1987 07:40:40.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T F
+&#22;&#22;&#1;f0477&#31;reute
+u f BC-DOLLAR-STEADY-NEAR-LO   04-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR STEADY NEAR LOWS AT LONDON MIDSESSION</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The dollar was steady near lower opening
+levels in extremely quiet trading and dealers did not expect
+the U.S. Currency to move significantly before the series of
+high-level monetary meetings starting today in Washington.
+    Sterling trading was equally quiet.
+    Bullishness on the back of two new opinion polls suggesting
+Britain's ruling Conservative party had increased its lead over
+the opposition was checked by fears of fresh sterling-selling
+intervention by the Bank of England, dealers said.
+    The dollar fetched 1.8215/25 marks at midsession against
+1.8195/8205 at the opening and 1.8245/55 in Europe last night.
+    The dollar was quoted at 145.10/20 yen, virtually unchanged
+from its opening 145.05/15 but sharply below yesterday's
+European closing 146.00/10.
+    It briefly dipped below 145 yen, to a quoted low of 144.85,
+but recovered later to trade quietly around opening levels,
+dealers said.
+    Trade-weighted, sterling stood at 72.3 pct of its 1975
+value, unchanged form the opening but one basis point below
+yesterday's close. The pound fetched 2.9480/9520 marks and
+1.6190/6200 dlrs at midsession after its opening 2.9540/75 and
+1.6213/23, and yesterday's closing 2.9490/9530 and 1.6163/73.
+    Dealers said dollar business had virtually halted in Europe
+after a large selloff against the yen in the Far East, which
+sustained Bank of Japan intervention failed to stem earlier
+today.
+    They said that in the absence of other factors,
+participants awaited the outcome of the informal talks of Group
+of Five finance ministers and central bankers in Washington
+today, and Group of Seven monetary talks tomorrow.
+    Most dealers expected the meetings to produce little more
+than a vaguely worded statement to reaffirm shared objectives
+of stable currency markets and economic policy coordination.
+    The Group of Five and Canada agreed in Paris on February 22
+to call a halt to the dollar's sharp decline, and several
+participant central banks have since intervened to keep
+currencies within narrow ranges against each other.
+    But a flare-up of the long-standing trade frictions between
+the U.S. And Japan last month encouraged markets to test the
+agreement, pushing the dollar sharply lower against the yen.
+    Dealers said that short of a convincing undertaking by
+Japan at the Washington talks to step up efforts to reduce
+trade surpluses and stimulate domestic demand, the dollar would
+resume its fall, especially against the yen.
+    Without agreement on the trade issue, the dollar appears
+set to test support levels at 143 yen in the very short term,
+with 140 yen within reach over the next few weeks, dealers
+said.
+    Some dealers said Japan appears ready to compromise with
+the U.S. On economic policy issues.
+    Expectations were rising of a further half-point cut in the
+Japanese discount rate and Japan's ruling Liberal Democratic
+Party today announced an outline agreement on economic
+reflation which includes a 5,000 billion yen additional budget
+for 1987, the dealers said.
+    Some dealers said the market could get some impetus from
+U.S. Federal Reserve chairman Paul Volcker when he testifies on
+Third World debt problems before the Senate banking committee
+later today.
+    Dealers said sterling remained firm amid growing confidence
+the ruling Conservative party is assured of victory in an
+election which they said would likely be called for June.
+    One poll out today showed the Conservatives leading with 43
+pct support against Labour's 30 pct and the Liberal-Social
+Democratic Alliance at 26 pct. Another poll forecast a
+Conserative majority of 92 seats in a new parliament.
+    But wariness of Bank of England sterling-selling
+intervention made participants cautious about pushing the pound
+much higher, dealers said.
+    Some dealers said the Bank of England was believed to have
+intervened on a small scale yesterday but others said they had
+not detected such action. No polled dealer said he had sighted
+Bank intervention today.
+    The dollar was quoted at 1.5110/20 Swiss francs at
+midsession against 1.5130/40 at the opening and a 1.5180/90
+European close. It fetched 6.0575/0625 French francs against
+6.0525/75 at the opening and 6.0660/0710 at close.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2548" NEWID="13565">
+<DATE> 7-APR-1987 07:42:38.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0479&#31;reute
+b f BC-LONDON-SUGAR-NO.6-FOB   04-07 0048</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SUGAR NO.6 FOB 1230 - APR 7
+ MTH  BYR   SLR  HIGH   LOW  SALES
+ May 150.2 150.4 152.0 149.0 153
+ Aug 154.4 154.6 155.8 154.0 207
+ Oct 158.0 158.6 160.0 158.0 110
+ Dec 160.2 161.6 163.0 163.0   4
+ Mar 166.2 166.6 167.0 167.0  10
+ May 169.0 169.8 nil
+ Aug 172.2 173.0 nil
+ TOTAL SALES 484
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2549" NEWID="13566">
+<DATE> 7-APR-1987 07:43:47.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0483&#31;reute
+b f BC-LME-COPPER-2ND-RING-1   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME COPPER 2ND RING 1242 - APR 7
+                 LAST    BUYER   SELLER
+ Std Cash          --    872.0    875.0
+ 3 Months          --    862.0    865.0
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2550" NEWID="13567">
+<DATE> 7-APR-1987 07:44:28.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0484&#31;reute
+u f BC-LONDON-SILVER-FIXING   04-07 0055</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SILVER FIXING - APRIL 7
+ STG-Pence per troy ounce
+ Spot          416.35  (401.15)
+ 3 months      426.50  (410.85)
+ 6 months      435.55  (419.75)
+ One year      454.40  (437.65)
+ US Cents equivalent
+ Spot          674.50  (649.90)
+ 3 months      685.40  (660.25)
+ 6 months      695.90  (670.70)
+ One year      717.95  (691.50)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2551" NEWID="13568">
+<DATE> 7-APR-1987 07:45:25.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0485&#31;reute
+r f BC-MOULINEX-NOMINATES-NE   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOULINEX NOMINATES NEW GENERAL MANAGER</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>Electrical appliance maker Moulinex
+&lt;MOUP.PA> said industrial director Roland Darneau had been
+nominated as general manager of the group.
+    Darneau's appointment, if confirmed by the Moulinex board
+on April 16, effectively names him as successor to 87-year-old
+Moulinex group President Jean Mantelet, industry analysts said.
+    The company declined to comment on press reports that
+Moulinex recorded a loss of between 200 mln and 250 mln francs
+in 1986, or that this would be offset by Mantelet personally
+injecting 200 mln francs.
+    Company sources said earlier this year that the group was
+likely to increase its net consolidated losses to 200 mln
+francs in 1986 from 34.9 mln in 1985.
+    Moulinex has implemented a restructuring programme,
+including plans to cut jobs, to improve its results.
+    The group is currently looking for a possible partner after
+a merger with &lt;Scovill Inc> of the U.S. Fell through.
+    Scovill sold its 20 pct stake in Moulinex at the beginning
+of March.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2552" NEWID="13569">
+<DATE> 7-APR-1987 07:46:31.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0488&#31;reute
+b f BC-LONDON-DLR/STG-RATE-1   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DLR/STG RATE 1245 - APRIL 7
+ SPOT         1.6187/97
+ FORWARDS
+ 1 MONTH      52/49
+ THREE        131/127
+ SIX          225/220
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2553" NEWID="13570">
+<DATE> 7-APR-1987 07:47:39.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0490&#31;reute
+u f BC-LONDON-RUBBER-PHYSICA   04-07 0048</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON RUBBER PHYSICALS OFFICIALS - APR 7
+ pence per kilo
+ No.1 RSS
+ SPOT 60.00 61.00
+ May 61.50 62.50 Jun 61.00 62.00
+ No.2 RSS
+ May 57.50 58.50 Jun unquoted
+ No.3 RSS
+ May 56.00 57.00 Jun unquoted
+ Latex (Malaysian 60 pct Centrifuged FOB dry) 76.15
+ Index Unit Price 587.00 Stg per tonne.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2554" NEWID="13571">
+<DATE> 7-APR-1987 07:48:01.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0491&#31;reute
+u f BC-GERMAN-BONDS-END-QUIE   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BONDS END QUIET BOURSE LOWER</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>Prices of public authority bonds ended
+a quiet bourse session lower, with domestic investors taking
+profits in a technical reaction to recent strong gains.
+    Dealers said long maturities dropped as much as 50 pfennigs
+but most paper lost around 20 pfennigs. Foreigners, which had
+been buying and selling West German public authority bonds in
+pre-bourse business, remained sidelined during bourse trading.
+    Today's slight dollar drop and yesterday's modest gains on
+U.S. Credit markets had little impact. Dealers said this week's
+G-7 meeting in Washington made investors wary and led to the
+squaring of some positions.
+    Most dealers said underlying sentiment for bonds remained
+favourable and there were some speculations global interest
+rates could fall further in the not too distant future.
+    The Bundesbank bought 109.9 mln marks worth of public
+authority paper here after selling 80.7 mln yesterday.
+    The six pct 1997 federal government loan stock fell 40
+pfennigs to 102.90, 103.15. The 5-3/4 pct 1997 bond for the
+same address also shed 40 pfennigs to 100.90, 101.15.
+    In contrast to the public authority bond sector, prices of
+mortgage and municipal paper firmed in active business, dealers
+said. 10-year yields fell two basis points to 6.26 pct.
+    Market indicator prices for International Rubber Agreement.
+All pence per kilo any origin cif Europe for May shipment.
+ No.1 RSS 62.50
+ No.3 RSS 57.00
+ TSR 20   53.00
+    Mark eurobond prices eased 1/8 point in thin trading, with
+domestic and foreign investors remaining largely sidelined.
+    The 5-1/2 pct 1992 East Asiatic bond was quoted unchanged
+against yesterday at 98-1/4, 98-1/2. Ireland's 6-1/2 pct 1997
+bond was steady at less 1-3/4, less 1-1/2.
+    Syndication managers said one new issue could be launched
+during the European afternoon.
+    But primary activity was expected to remain subdued in
+April. Only two or three further issues were expected during
+the first half of the month. The second half is shortened by
+the long Easter holiday weekend.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2555" NEWID="13572">
+<DATE> 7-APR-1987 07:48:48.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0494&#31;reute
+b f BC-LME-LEAD-2ND-RING-124   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME LEAD 2ND RING 1247 - APR 7
+                 LAST    BUYER   SELLER
+ Cash           307.0    307.0    308.0
+ 3 Month        301.0    301.0    301.5
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2556" NEWID="13573">
+<DATE> 7-APR-1987 07:49:44.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0495&#31;reute
+u f BC-ITALIAN-CERTIFICATE-O   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN CERTIFICATE OFFER HAS HIGHER YIELDS</TITLE>
+<DATELINE>    ROME, April 7 - </DATELINE><BODY>The Italian Treasury said it would offer
+2,500 billion lire of indexed government discount certificates
+at rates slightly higher than on the preceding issue.
+    The seven-year certificates carry a first-year coupon,
+payable April 21 1988, of 4.86 pct, identical to that on the
+preceding issue in March.
+    They will be offered at a base price of 72 lire, down from
+74 previously, for an effective net annual yield on the first
+coupon of 10.15 pct against 9.66 in March. Yields after the
+first year will be linked to rates on 12-month Treasury bills.
+    Subscriptions to the issue close April 17.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2557" NEWID="13574">
+<DATE> 7-APR-1987 07:49:48.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0496&#31;reute
+u f BC-LONDON-COCOA-OPEN-POS   04-07 0044</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COCOA OPEN POSITION (REVISED) - APR 6
+ May    27,836
+ Jul    20,669
+ Sep    17,533
+ Dec    25,023
+ Mar    13,143
+ May     5,503
+ Jul     1,217
+ TOTAL 110,924
+ Note: The figures represent the total clients long and short
+positions plus the net house positions.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2558" NEWID="13575">
+<DATE> 7-APR-1987 07:49:52.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0497&#31;reute
+u f BC-LDN-COFFEE-ROBUSTA-OP   04-07 0044</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LDN COFFEE ROBUSTA OPEN POSITIONS (REVISED) - APR 6
+ May   17,090
+ Jul   15,603
+ Sep    6,959
+ Nov    6,234
+ Jan    3,119
+ Mar      632
+ May       40
+ TOTAL 49,677
+ Note: The figures represent the total clients long and short
+positions plus the net house positions.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2559" NEWID="13576">
+<DATE> 7-APR-1987 07:50:01.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f0498&#31;reute
+u f BC-SHARE-PRICES-NEAR-DAY   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHARE PRICES NEAR DAY'S LOWS AT LONDON MIDSESSION</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Equities steadied near the day's lows at
+midsession after a hesistant start mainly due to lack of
+interest in quiet trading conditions.
+    Dealers said most of the trading appeared to be
+inter-professional, highlighting the market's cautious approach
+in the wake of yesterday's strong performance. The latest
+opinion polls strengthened the market's conviction that the
+Conservatives will win the next general election, but the
+uncertainty over the date continues to provide an unsettling
+factor.
+    At 1141 GMT the FTSE 100 index was 10.6 down at 1.979.0.
+    In a poll conducted for television programme TV-AM showed
+the Conservative Party 13 points ahead of the Oppsition Labour
+Party. An opinion poll published in the Times newspaper today,
+which measured party support in 73 key marginal seats, gave the
+Conservative party a lead of six points over Labour.
+    Concern over the possibility of a trade war with Japan,
+although less pronounced, provides a further note of caution,
+dealers said. Yesterday the Japanese finance ministry said it
+will help expand the Tokyo Stock Exchange membership to
+facilitate foreign membership.
+    The lack of enthusiasm for shares this morning despite
+gains to record territory on both the New York and Tokyo stock
+exchanges further underlined market nervousness.
+    ICI fell a penny at 1,334, Glaxo 8p at 1,480, Beecham 12p
+at 521, BPB 10p to 660 and P and O 3p to 617. Wellcome shed 23p
+to 397 on profittaking after adverse press comment on the side
+effects of its "Retrovir" aids drug, dealers said. London
+International, makers of condoms, gained 14p at 302 in
+contrast.
+    Among few other gains Jaguar rose 12p to 587 mainly on U.S
+demand, dealers said, Unilever added 8p at 2,578, Plessey 2p to
+243, as did Reuter at 701p.
+    In lower oils BP shed 13p at 907p after news yesterday
+Standard Oil considered inadequate BP's 70 dlrs per share
+tender offer for the 45 pct of Standard that it does not
+already own. Shell lost 10p at 1,223.
+    Banks mostly showed modest declines. Barclays eased a penny
+to 503 as did Natwest at 588. Standard Chartered lost 4p to 821
+after recent gains on bid speculation. Press reports said
+Australian businessman Robert Holmes A'Court increased his
+stake in the company yesterday. Dealers said Lloyds bank is
+widely expected to renew its offer for Standard once its one
+year bid limit ends in July. Lloyds was one penny higher at
+488.
+    Extel further declined today, losing 28p to 462 in the wake
+of news yesterday British Printing and Communications Corp and
+its associates said they would not be making a bid for the
+company.
+    In mixed insurances Sun Life gained 7p at 1,085, Prudential
+Corp rose a penny  at 833 while Royal declined 4p to 945 as did
+Sun Alliance at 828.
+    The market now awaits Wall Street's opening, which is
+expected mixed to higher, for further direction. At 1151 GMT
+the FTSE 100 share index was eight points down at 1,981.0,
+lifted by some selected bargain-hunting after touching 1978.7
+earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2560" NEWID="13577">
+<DATE> 7-APR-1987 07:51:13.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0499&#31;reute
+u f BC-REUTER-MONEY-NEWS-HIG   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER MONEY NEWS HIGHLIGHTS 1145 GMT - APRIL 7</TITLE>
+<DATELINE>    BERNE - </DATELINE><BODY>Swiss consumer prices rose one pct in the year to
+March, the same rise as in the year to February, and against
+0.9 pct in the year to March 1986, the Federal Statistics
+Office said. In March alone, prices rose 0.1 pct after a 0.3
+pct rise in February. (NRBK 0622)
+    LUXEMBOURG - Industrial production in the European
+Community (EC) in January showed no growth compared with
+January 1986, the EC statistics office, Eurostat, said in a
+report. It said the EC industrial production index, base 1980,
+stood at 103.9 in both months. (NRDJ 1135)
+    FRANKFURT - The Bundesbank did not intervene as the dollar
+was fixed lower at 1.8218 marks after 1.8243 yesterday, dealers
+said. (FXGS 1104)
+    LONDON - Gold bullion was fixed this morning at 419.80 dlrs
+an ounce, down on last night's close of 421.50/422.00, dealers
+said. (GDLS 1014)
+    FRANKFURT - West Germany recorded a net outflow of 7.53
+billion marks on the February capital account, combining long
+and short term capital flows, compared with a net inflow of
+11.91 billion marks in January, the Bundesbank said. (NRCN
+1022)
+    TOKYO - The Bank of Japan will sell tomorrow a total of 800
+billion yen worth of financing bills from its holdings to help
+absorb a projected money market surplus of 1,300 billion yen,
+money traders said. (NRBN 0826)
+    HANOVER - West German banking regulations must be expanded
+to cover off-balance sheet risks arising from new financing
+forms, Federal Banking Supervisory Office President Wolfgang
+Kuntze said. Kuntze told bankers at a reception that deals for
+hedging price risks are not covered by current supervisory
+rules. (NRCJ 1017)
+    KUALA LUMPUR - William Ryrie, chief executive of the World
+Bank's International Finance Corp (IFC), said he will discuss
+ways of increasing foreign investment here with the Malaysian
+government and the private sector during a visit between April
+19 and 21. (NRCA 0957)
+    ADDIS ABABA -  Africa's economic performance in 1986 was
+disappointing with only a 1.2 pct growth in combined gross
+domestic product (GDP) and prospects for 1987 would remain
+bleak, according to an economic report. (NRCB 1000)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2561" NEWID="13578">
+<DATE> 7-APR-1987 07:52:14.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0500&#31;reute
+u f BC-LONDON-SOFT-FUTURES-A   04-07 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SOFT FUTURES ADOPT NEW CLEARING PROCEDURES</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>London's soft futures markets, namely
+cocoa, coffee and sugar, are adopting with immediate effect a
+uniform presentation on their respective open positions
+referring to previous day's trading figures, a spokeswoman for
+the London Commodity Exchange (LCE) said.
+    The figures represent total clients' long positions as well
+as short positions, plus the net house positions as submitted
+by all members for each delivery month, she said.
+    As a result, figures will differ from those previously
+published but are hoped to be more accurate and to compare more
+favourably with other international markets, she added.
+    Since the introduction of a revised clearing procedure last
+October, which incorporated a system of "mark-to-market',
+figures as published bore little relationship to the true open
+position, the spokeswoman said.
+    The open position for business done up to the previous
+trading day is prepared daily by the International Commodity
+Clearing House (ICCH) and then posted on the various market
+notice boards.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2562" NEWID="13579">
+<DATE> 7-APR-1987 07:53:06.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0502&#31;reute
+u f BC-LISBON-EXCHANGES---AP   04-07 0067</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LISBON EXCHANGES - APRIL 7
+ USD      140.285/140.639
+ STG      227.137/227.675
+ CAN      107.259/107.523
+ DMK      77.016/77.210
+ DFL      68.249/68.421
+ SFR      92.814/93.044
+ BFR CON  3.7186/3.7280
+ FFR      23.142/23.200
+ DKR      20.410/20.462
+ NKR      20.581/20.631
+ SKR      22.107/22.161
+ AUS SCH  10.957/10.985
+ LIT      0.10807/0.10835
+ SPAIN    1.0986/1.1014
+ YEN      0.96655/0.96885
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2563" NEWID="13580">
+<DATE> 7-APR-1987 07:53:57.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0503&#31;reute
+b f BC-LONDON-ZINC-2ND-RING   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON ZINC 2ND RING 1252 - APR 7
+                 LAST    BUYER   SELLER
+ Hg Cash        455.5    455.5    456.0
+ 3 Months          --    454.0       --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2564" NEWID="13581">
+<DATE> 7-APR-1987 07:54:42.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0504&#31;reute
+u f BC-FRANKFURT-STOCKS-CLSG   04-07 0073</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FRANKFURT STOCKS CLSG - APRIL 7 aeg 315.00 basf 276.10 bayer
+317.00 bayer.Vereinsbank 464.00 bmw 532.00 bid commerzbank
+278.00 contigummi 334.80 daimler 1022.00 deutsche bank 687.00
+dresdner bank 356.00 paid bid hoechst 279.30 hoesch 110.00
+horten 229.00 karstadt 427.20 khd 152.50 linde  680.00
+mannesmann 178.30 philips komm. 998.00 preussag 163.20 rwe st
+223.00 schering 621.00 siemens 716.50 thyssen 119.20 paid bid
+veba 276.00 vw 366.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2565" NEWID="13582">
+<DATE> 7-APR-1987 07:59:17.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0510&#31;reute
+b f BC-LME-ALUMINIUM-2ND-RIN   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME ALUMINIUM 2ND RING 1257 - APR 7
+                 LAST    BUYER   SELLER
+ Cash           873.0       --       --
+ 3 Months       805.5    805.5    805.5
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2566" NEWID="13583">
+<DATE> 7-APR-1987 08:00:33.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0511&#31;reute
+u f BC-PEORIA-HOGS-SEEN-STEA   04-07 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEORIA HOGS SEEN STEADY/UP 0.50 DLR - PRIVATE</TITLE>
+<DATELINE>    Peoria, April 7 - Clear/43 degrees - </DATELINE><BODY>Hog prices are
+expected steady to 0.50 dlr higher on estimated receipts of
+2,000 head, private sources said. Top seen at 51.00 to 51.50
+dlrs per cwt.
+    Sources said the market closed stronger late yesterday and
+was expected to carry over into today's session.
+    "Farmers are getting in the fields here," they said. Also,
+little if any country movement was expected, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2567" NEWID="13584">
+<DATE> 7-APR-1987 08:00:45.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0512&#31;reute
+u f BC-ST-LOUIS-HOGS-SEEN-ST   04-07 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST LOUIS HOGS SEEN STEADY/UP 0.50 DLR - PRIVATE</TITLE>
+<DATELINE>    St Louis, April 7 - Overcast/45 degrees - rain early - </DATELINE><BODY>Hog
+prices are expected to range from steady to 0.50 dlr higher on
+estimated receipts of 3,000 head, private sources said. Top
+seen at 50.00 to 50.50 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2568" NEWID="13585">
+<DATE> 7-APR-1987 08:01:50.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0514&#31;reute
+u f BC-OMAHA-HOGS-SEEN-OFF-0   04-07 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMAHA HOGS SEEN OFF 0.50 DLR - PRIVATE SOURCES</TITLE>
+<DATELINE>    Omaha, April 7 - Clear/45 degrees - </DATELINE><BODY>Hog prices was expected
+0.50 dlr lower on estimated receipts of 2,700 head, private
+sources said. Top seen at 50.00 dlrs per cwt.
+    There were reports that the west had an overrun of hogs
+yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2569" NEWID="13586">
+<DATE> 7-APR-1987 08:01:59.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0515&#31;reute
+u f BC-DENMARK-PLANS-TO-END   04-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENMARK PLANS TO END SALES TAX ON SOME ITEMS</TITLE>
+<DATELINE>    COPENHAGEN, April 7 - </DATELINE><BODY>The Danish government said it planned
+tax changes to discourage people making shopping trips to West
+Germany and other countries where consumer durables are
+cheaper.
+    Tax Minister Isi Foighel told journalists the government
+will present a bill abolishing sales tax - generally 10 to 20
+pct - on radios, record players, loudspeakers, video tapes,
+vacuum cleaners, microwave ovens and small household items.
+    The annual loss in revenue of 275 mln Danish crowns will be
+made up by higher duties on four-wheel drive vehicles and small
+pick-up vans, which will be taxed in future as commercial
+vehicles under two tonnes.
+    Foighel also announced small reductions in the concessions
+for duty-free imports to compensate for a strengthening of the
+Danish crown.
+    He said maximum concessions would apply in future only to
+travellers out of the country for more than 24 hours. Those
+returning within that period will have to prove to customs that
+they have been on more than a shopping trip.
+    The tax move follows an official report showing that total
+border imports, about three billion crowns in 1985, rose by
+some 600 mln crowns in 1986, a trend which has alarmed Danish
+businesses, particularly in Jutland areas bordering Germany.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2570" NEWID="13587">
+<DATE> 7-APR-1987 08:02:04.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0516&#31;reute
+u f BC-ST-PAUL-HOGS-SEEN-STE   04-07 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST PAUL HOGS SEEN STEADY - PRIVATE SOURCES</TITLE>
+<DATELINE>    St Paul, April 7 - Clear/43 degrees - </DATELINE><BODY>Hog prices are
+expected steady on estimated receipts of 2,800 head, private
+sources said. Top seen at 50.00 to 50.50 dlrs per cwt.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2571" NEWID="13588">
+<DATE> 7-APR-1987 08:02:13.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0517&#31;reute
+u f BC-FRANKFURT-BOURSE-CLOS   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKFURT BOURSE CLOSES QUIETLY EASIER</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>A technical reaction to yesterday's
+strong gains saw leading German share prices fall across the
+board in quiet trading, dealers said.
+    Shares gained strongly yesterday after the centre-right CDU
+and liberal FDP won state elections in Hesse, but there was no
+follow-through today, and professional traders took profits.
+    The Commerzbank index of 60 leading shares fell 15.6 to
+1,855.7.
+    Computer Nixdorf fell 4.50 marks to 781, despite announcing
+world group 1986 net profit rose to 222.42 mln marks from
+172.29 mln, which initially pushed it to a 786.50 high.
+    In other electricals, Siemens shed 12.50 to 716.50 and AEG
+fell 10 marks to 315.
+    Dresdner bank, due to announce its 1986 net profit and
+dividend later today, fell nine marks to 356. Deutsche shed 10
+marks to 687 and Commerzbank lost 9.20 to 278. Bayernhypo fell
+15 marks to 449 after news yesterday it raised 1986 parent net
+profit to 200.6 mln marks from 184.1 mln and left its dividend
+unchanged at 12.50. Insurer Allianz dropped 20 marks to 1,845.
+    In chemicals BASF lost 5.70 to 276.10, but its mostly owned
+subsidiary Kali und Salz firmed 2.50 to 213.50, despite news
+last week it swung into a loss in 1986.
+    Engineer Mannesmann eased 3.20 marks to 178.30.
+    In autos Daimler shed 23 marks to 1,022, VW was off two
+marks at 366.50, and BMW fell 13 marks to 532.
+    Engineer Mannesmann eased 3.20 marks to 178.30.
+    In autos Daimler shed 23 marks to 1,022, VW was off two
+marks at 366.50, and BMW fell 13 marks to 532.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2572" NEWID="13589">
+<DATE> 7-APR-1987 08:02:26.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0518&#31;reute
+b f BC-.-------------HEADLIN   04-07 0135</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+.             HEADLINES AT 0800
+
+
+
+--BAKER HOLDS TALKS WITH TOP FINANCE MINISTERS
+--AID CHIEF TO BE NAMED TO TOP TREASURY POST
+
+
+
+.              MARKETS
+
+
+
+--DOLLAR STEADY NEAR LOWS AT LONDON MIDSESSION
+--LONDON GOLD FIXED AT 419.80 DLRS
+--JAPAN CENTRAL BANK INTERVENES IN TOKYO
+-STOCKS CLOSE AT RECORD HIGH IN TOKYO
+--U.S. STOCKS FIRMER IN LONDON
+                                     
+
+
+
+.                CORPORATE
+
+
+
+--JAPAN CONSIDERING BUYING CRAY SUPERCOMPUTER
+--OCCIDENTAL IN BIG PERUVIAN HEAVY OIL FIND
+--ATARI CANCELS DOMESTIC DEBT OFFERING
+--CBS TO PAY WYMAN 400,000 DLRS EVERY YEAR
+--HYUNDAI CAR EXPORTS RISE SHARPLY IN 1987
+--WORMALD TO GAIN STAKE IN HOLMES PROTECTION --CHRYSLER CANADA
+IMPORTS MITSUBISHI CARS
+--MITSUBISHI MOTORS TO BOOST PARTS IMPORTS
+--ELECTRONIC DATA SYSTEMS IN JAPAN VENTURE
+
+
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2573" NEWID="13590">
+<DATE> 7-APR-1987 08:03:09.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0521&#31;reute
+u f BC-TODAY   04-07 0085</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TODAY IN WASHINGTON FOR TUESDAY APRIL 7 (TIMES EDT/GMT)
+   FED RELEASES FEB CONSUMER CREDIT (NO SET TIME)...
+    IMF/WORLD BANK MEETINGS INCLUDE GROUP OF 24 DEPUTIES... AND
+TREASURY SECTY BAKER WITH GROUP OF FIVE FINANCE MINISTERS (NO
+TIMES)...
+    BUNDESBANK PRESIDENT POEHL AT GERMAN AFFAIRS GROUP ON INTL
+MONETARY ISSUES (1800/2200)...
+    FED CHAIRMAN VOLCKER TESTIFIES ON THIRD WORLD DEBT
+PROBLEMS, SENATE BANKING CMTE (0930/1330)...
+    SENATE BUDGET CMTE MEETS ON DRAFTING 1988 BUDGET
+(1000/1400)...
+   
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2574" NEWID="13591">
+<DATE> 7-APR-1987 08:03:15.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0522&#31;reute
+u f BC-RUBBER-PRICES-FIRM-AT   04-07 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUBBER PRICES FIRM AT COLOMBO AUCTION</TITLE>
+<DATELINE>    COLOMBO, April 7 - </DATELINE><BODY>Rubber prices of all types firmed on
+good demand for the 234 mln kilos offered at the Colombo
+auction, brokers said.
+    Among latex crepe, the best crepe one-X sold at an average
+20.10 rupees per kilo, up five cents from previous levels.
+Crepe two traded at 19.60 against 19.50 last week and other
+grades also showed gains.
+    Trade sources reported increased demand and more
+speculative buying compared to earlier weeks.
+    Among sheet offerings, RSS1 gained 20 cents from last week
+to trade at 19.00 rupees a kilo. Other sheet rubbers were also
+firm on speculative buying.
+    Brokers noted bidding remained steady throughout the sale,
+particularly for the best crepes and RSS1 types.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2575" NEWID="13592">
+<DATE> 7-APR-1987 08:03:28.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0524&#31;reute
+u f BC--U.S.-CREDIT-MARKET-O   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKET OUTLOOK - NARROW RANGES</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>After a few days of volatility, the
+credit markets show signs of settling back into the
+frustratingly narrow ranges that prevailed for much of the
+first quarter, economists said.
+    Friday's weak employment data for March braked an ascent in
+bond yields before the 30-year yield could reach the
+psychologically important eight pct level.
+    But, with question marks hanging over the strength of the
+economy and, more critically, the value of the dollar,
+economists said the market remains fragile and will not quickly
+recoup the ground lost in the past two weeks.
+    The 30-year bond yield closed Monday at 7.84 pct, down from
+7.86 pct on Friday and a 12-month high last week of 7.93 pct,
+but trading was lackluster.
+    "People are sitting on the fence, they don't really know
+what to do," said Stephen Slifer of Shearson Lehman Brothers
+Inc. "Our retail accounts are not committing themselves either
+way."
+    No economic indicators are due today, but the markets will
+hear Congressional testimony from Fed chairman Paul Volcker at
+1000 EDT (1400 GMT) and will be alert for the possibility of
+another outright purchase of securities by the Fed.
+    The Fed needs to buy a large volume of securities at this
+time of year to offset the reserve drain caused by a build-up
+of Treasury funds at the Fed around the April 15 tax date.
+    The Fed confounded most economists' predictions of a bill
+"pass" last week by buying instead a record 2.2 billion dlrs of
+notes and bonds, and Maria Ramirez of Drexel Burnham Lambert
+Inc said the Fed could make it two in a row by offering to buy
+coupon securities today or Wednesday.
+    The Fed will not buy bills since they are already in
+relatively short supply after heavy Treasury paydowns in
+recent weeks, she argued.
+    "They haven't paid down so many bills before in a quarter,"
+Ramirez said, noting that the Treasury has been able to reduce
+the size of its regular bill auctions because of strong tax
+revenues following the reform of the tax code at the beginning
+of the year.
+    Because it would be unprecedented for the Fed to conduct
+back-to-back coupon "passes", most economists still expect the
+Fed to buy bills this week instead of bonds and notes.
+    After trading late yesterday at 6-1/8 pct, Fed funds were
+indicated by brokers to open at 6-1/8, 6-1/4 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2576" NEWID="13593">
+<DATE> 7-APR-1987 08:03:50.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0527&#31;reute
+u f BC-MARKET-HOLIDAYS   04-07 0011</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARKET HOLIDAYS</TITLE>
+<DATELINE>    TUE, APR 07 - </DATELINE><BODY>INDIA, BOMBAY/DELHI (RAMANAVMI).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2577" NEWID="13594">
+<DATE> 7-APR-1987 08:04:02.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0529&#31;reute
+r f BC-QT8900   04-07 0011</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FINANCIAL ANALYSTS - APRIL 7</TITLE>
+<DATELINE> Federal Express Corp - </DATELINE><BODY>New York
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2578" NEWID="13595">
+<DATE> 7-APR-1987 08:04:06.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0530&#31;reute
+r f BC-U.S.-SHAREHOLDER-MEET   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. SHAREHOLDER MEETINGS - APRIL 7
+ American Agronomics Corp
+ Central Hudson Gas/Electric Corp
+ Cummins Engine Co., Inc
+ Fries Entertainment Inc
+ Lennar Corp
+ Ohio Mattress Corp
+ Stride Markets Inc
+ Zemex Corp
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2579" NEWID="13596">
+<DATE> 7-APR-1987 08:04:08.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0531&#31;reute
+r f BC-QT8902   04-07 0015</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. DIVIDEND MEETINGS - APRIL 7
+ Itt Corp
+ Milton Roy
+ Ohio Mattress Co
+ Staley Continental
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2580" NEWID="13597">
+<DATE> 7-APR-1987 08:04:11.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0532&#31;reute
+r f BC-QT8903/1   04-07 0029</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. STOCKS EX-DIVIDEND - APRIL 7
+    NYSE STOCKS...
+ ahl              11 cts
+ nvp              36 cts
+ nvp pr b     43-1/2 cts
+ nvp pr d     48-3/4 cts
+ nsc 3-for-1 stock split
+ AMEX
+ gdx 05 cts
+ 
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2581" NEWID="13598">
+<DATE> 7-APR-1987 08:04:18.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0534&#31;reute
+b f BC-LME-NICKEL-2ND-RING-1   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME NICKEL 2ND RING 1302 - APR 7
+                 LAST    BUYER   SELLER
+ Cash              --     2345     2355
+ 3 Months        2365     2360     2365
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2582" NEWID="13599">
+<DATE> 7-APR-1987 08:04:35.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f0535&#31;reute
+b f BC-LONDON-DOLLAR-FLUCTUA   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DOLLAR FLUCTUATIONS 1300 - APRIL 7
+ STG 1.6187/97
+ DMK 1.8210/20
+ SFR 1.5105/15
+ DFL 2.0555/65
+ FFR 6.0575/0625
+ YEN 145.10/20
+ LIT 1297/1299
+ BFC 37.70/73
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2583" NEWID="13600">
+<DATE> 7-APR-1987 08:05:11.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0536&#31;reute
+u f BC-ROTTERDAM-OILSEEDS-MI   04-07 0045</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ROTTERDAM OILSEEDS MIDSESSION - APR 7
+    Prices ruling at 1200 hrs local time cif Rotterdam dlrs per
+tonne
+    SOYBEANS US No Two Yellow gulf ports
+Afloat 205
+first half Apl 204.50
+Apl 204.50 up one
+May 203 up 0.80
+Jne 203 up 0.75
+Oct+Nov 200.75
+Dec 203 down 0.25 slrs
+    SOYBEANS Argentine
+May 195 unch             Jne 195 unch
+Jly 195 unch             Aug 196 up 0.25 slrs
+    SOYBEANS Brazil
+May 198.75 up 0.30       Jne 199 up 0.55
+Jly 197.75 up 0.75 slrs
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2584" NEWID="13601">
+<DATE> 7-APR-1987 08:05:14.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0537&#31;reute
+b f BC-LONDON-COCOA-1300---A   04-07 0046</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COCOA 1300 - APR 7
+ MTH BYR  SLR  HIGH LOW  SALES
+ May 1288 1290 1296 1287 146
+ Jul 1317 1318 1324 1317 239
+ Sep 1338 1340 1345 1337  99
+ Dec 1365 1366 1370 1365 381
+ Mar 1389 1390 1393 1387 113
+ May 1410 1411 1410 1409  33
+ Jul 1428 1431 1430 1430   2
+ TOTAL SALES 1013
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2585" NEWID="13602">
+<DATE> 7-APR-1987 08:06:56.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0540&#31;reute
+u f BC-ROTTERDAM-MEALS/FEEDS   04-07 0073</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ROTTERDAM MEALS/FEEDS MIDSESSION - APR 7
+    Dlrs tonne cif Rotterdam unless stated
+    SOYMEAL US
+Afloat 184               Mch 185 down two
+Apl 182 down one         May 181
+Oct/Dec 177 down one     Jan/Mch 182 unch slrs
+    SOYMEAL US High protein
+Afloat 212               Apl 209 down one
+May 207 unch             Oct/Dec 204 unch
+Jan/Mch 207 unch slrs
+    SOYMEAL Brazil
+Apl 186 unch             May 185 unch
+May/Sep 177 down 1.50 slrs
+    SOYMEAL PELLETS Brazil
+Afloat 197 to 193.50     midMch/midApl 192
+Apl 186 unch             May 185 unch
+May/Sep 180 down one     Oct/Dec 190 unch slrs
+    SOYMEAL PELLETS Argentine
+Afloat 199               Apl 184 down one
+May 180 unch             May/Sep 176 down one
+Sep 178                  Oct/Dec 183 down 0.50 slrs
+    SOYMEAL Dutch 44/7 gldrs/100 kilos fob mill
+Apl 41.75 down 0.25      May 40.50 unch
+Jne/Oct 38.25 unch       Nov/Jan 38.75
+Nov/Apl 39.25 slrs
+    CITRUSPULP PELLETS
+Afloat 131                  Mch/Dec 129
+Jan/Mch 1988 130 slrs
+    CORNGLUTENFEED PELLETS US 23/24
+Afloat 137                  Mch 135 down one
+Apl 131 unch                May 130 unch
+May/Aug 129 down 0.50       Sep/Dec 130 unch
+Jan/Mch 1988 131 unch slrs
+    SUNFLOWERSEEDMEAL PELLETS Arg/Urg 37/38
+Afloat 123 to 117           Mch 120 up one
+Apl 115 unch                Apl/Jne 114 down one
+Jly/Sep 119 up one          Oct/Dec 126 up two slrs
+    LINSEED EXPELLERS Arg/Urg 37/38
+Afloat 161               Apl 158 unch
+Apl/Jne 155 down one     Jly/Sep 166 unch slrs
+    PALMEXPELLERS
+Afloat 118               Mch/Apl 115 unch
+Apl/May 111 unch         Apl/May-Jly/Aug 110 down one slrs
+    TAPIOCA THAI HARD PELLETS Marks 100 kilos fob Rotterdam
+customs cleared
+Afloat 28 to 27.75       Apl 27.75 up 0.25
+May 27.50 up 0.25        Jne 27.25 up 0.25
+Jly/Dec 27 unch          Jan/Dec 25.50 unch slrs
+    TAPIOCA THAI SOFT PELLETS Marks 100 kilos fob Rotterdam
+Unquoted
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2586" NEWID="13603">
+<DATE> 7-APR-1987 08:07:20.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0542&#31;reute
+b f BC-MADRID-EXCHANGES-FIXI   04-07 0073</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MADRID EXCHANGES FIXINGS - ABR 7 071402 US  127.528  127.848
+CAN  97.483   97.727 FFR  21.032   21.085 STG 206.660  207.177
+IRL 187.212  187.680 SFR  84.344   84.555 BFR 338.003  338.849
+DMK  70.009   70.184 LIT   9.825    9.849 DFL  62.033   62.189
+SKR  20.102   20.152 DKR  18.556   18.603 NKR  18.714   18.761
+FIN  28.710   28.782 SCH 996.310  998.809 POR  90.350   90.576
+YEN  87.860   88.080 AUD  90.354   90.580 DRA  95.491   95.730
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2587" NEWID="13604">
+<DATE> 7-APR-1987 08:09:26.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0547&#31;reute
+b f BC-LME-SILVER-2ND-RING-1   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME SILVER 2ND RING 1307 - APR 7
+                 LAST    BUYER   SELLER
+ Large Cash        --    411.0    413.0
+ 3 Months       420.0    420.0    420.1
+ Small Cash        --    411.0    413.0
+ 3 Months          --    420.0    420.1
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2588" NEWID="13605">
+<DATE> 7-APR-1987 08:09:37.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f0548&#31;reute
+b f BC-LME-OFFICIAL-PRICES--   04-07 0080</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME OFFICIAL PRICES - APR 7
+                CASH          3 MONTHS      SETT
+ COPPER -A-  918.00 920.00  882.00 883.00  920.00
+ COPPER STD  872.00 875.00  862.00 865.00  875.00
+ LEAD        307.00 307.50  301.00 301.50  307.50
+ ZINC HG     454.50 455.50  454.50 455.50  455.50
+ SILVER 10    411.0 413.0    420.0 420.1    413.0
+ SILVER  2    411.0 413.0    420.0 420.1    413.0
+ ALUMINIUM   872.00 873.00  805.50 806.00  873.00
+ NICKEL        2345 2355      2360 2365      2355
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2589" NEWID="13606">
+<DATE> 7-APR-1987 08:10:50.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f0549&#31;reute
+u f BC-REUTER-COMMODITIES-NE   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER COMMODITIES NEWS HIGHLIGHTS 1200 GMT - APRIL 7</TITLE>
+<DATELINE>    LONDON - </DATELINE><BODY>The International Cocoa Organization buffer stock
+could face an uphill battle to halt the downtrend in world
+cocoa prices when it begins operations in the next few weeks,
+cocoa traders said. They believed buffer stock purchases could
+reach 75,000 tonnes in a matter of weeks without lifting prices
+significantly. (XYZS 1019) Cocoa futures were about unchanged
+from last night by midmorning. Sterling's strength together
+with continued availability of West African new crop physical
+offerings more than outweighed any bullish impact from last
+night's higher New York market, dealers said. (CKLB)
+    LONDON - Dry cargo futures on BIFFEX dropped sharply in
+morning trading as further profittaking emerged after the
+recent rise in values, dealers said. Near July fell 45 points
+and near limit in initial activity, but later recovered. (OFLB)
+    ATHENS - Greece and the Soviet Union have reached agreement
+on a joint venture for a 450 mln dlr alumina plant in Greece,
+government spokesman Yannis Roubatis said. The USSR agreed to
+buy the plant's entire annual output of 600,000 tonnes of
+alumina. (XZAG 1103)
+    LONDON - Cargill U.K.'s oilseed processing plant in
+Seaforth is still strikebound, a company spokesman said. (XYZJ
+0941)
+    LONDON - The cocoa, coffee and sugar markets are adopting
+with immediate effect a uniform presentation on their
+respective open positions referring to previous day's trading
+figures, the LCE said. (XZAP 1151)
+    MOSCOW - The Soviet Communist Party has criticised the
+country's Grain Products Ministry for failing to ensure proper
+grain storage, turning out poor quality bread and keeping
+unsatisfactory books, Pravda said. The party daily said that
+losses in the industry owing to waste and theft amounted to 7.3
+mln roubles over the last two and a half years. (XYZQ 1012)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2590" NEWID="13607">
+<DATE> 7-APR-1987 08:11:20.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0550&#31;reute
+u f BC-ROTTERDAM-VEG-OILS-MI   04-07 0098</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ROTTERDAM VEG OILS MIDSESSION - APR 7
+    SOYOIL Dutch gldrs 100 kilos fob exmill
+Apl 65 up one            May/Jly 67 up 0.75
+Aug/Oct 69 up 0.75       Nov/Jan 72 up one slrs
+after Aug/Oct 68 traded
+    GROUNDNUTOIL any origin dlrs tonne extank R'dam
+Apl/May 500 up five      May/Jne 495 up five
+Jne/Jly 490 unch         Jly/Aug 490 unch slrs
+    SUNOIL any origin dlrs tonne extank R'dam
+Apl 345 up 10            May/Jly 350 up 7.50
+Aug/Oct 362.50 up 10 slrs
+after Aug/Oct 357.50 traded
+    RAPEOIL Dutch/EC gldrs 100 kilos fob mill
+Apl 60                   May/Jly 61 up 0.50
+Aug/Oct 63 slrs
+    LINOIL any origin dlrs tonne extank R'dam
+Apl/Jne 310 up 2.50 slrs
+    PALMOIL Crude Sumatra/Malaysia slrs option dlrs tonne cif
+Apl 330 up five          May 332.50 up 2.50
+Jne 335 up 2.50          Jly 337.50 unch slrs
+    PALMOIL RBD fob Malaysia dlrs tonne
+Apl 325                  May 322.50
+Jne 320                  Jly 320
+Jly/Sep 322.50           Oct/Dec 320 slrs
+    OLEIN RBD fob Malaysia dlrs tonne
+Apl/Jne 335              Jly 332.50
+Aug 332.50               Aug/Sep 330
+Oct/Dec 330 slrs
+    COCONUT OIL Phil/Indo dlrs long ton
+Apl/May 397.50 up 2.50   May/Jne 410 up five
+Jne/Jly 417.50 up 7.50   Jly/Aug 427.50 up 7.50 slrs
+    PALMKERNELOIL Malaysia/Indonesia dlrs tonne cif
+May/Jne 400 up 15        Jne/Jly 405 up 15
+Jly/Aug 415 up 15 slrs
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2591" NEWID="13608">
+<DATE> 7-APR-1987 08:11:35.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f0552&#31;reute
+b f BC-LME-METAL-AM-2ND-RING   04-07 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME METAL AM 2ND RING VOLUMES/PAIDS  - APR 7</TITLE>
+<DATELINE>    COPPER GRADE A - </DATELINE><BODY>steadier 7750 (Total 10400) tonnes mainly
+carries cash 916.00 20.00  3months 880.00 81.00 81.50 82.00
+83.00    COPPER STANDARD - Nil LEAD - steadier 5350 (6900)
+tonnes cash 305.50 06.00 06.50 07.00 3months 300.00 01.00 00.50
+01.00
+    ZINC HIGH GRADE - quiet 400 (850) tonnes mainly carries
+cash 455.50 3months nil
+    SILVER LARGE - quiet 1 (Total 1) lots cash nil 3months
+420.0 SILVER SMALL - Nil
+    ALUMINIUM - barely steady 2250 (14250) tonnes mainly
+carries cash 873.00 3months 805.50
+    NICKEL - steadier 300 (426) tonnes mainly carries cash nil
+3months 2370 65
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2592" NEWID="13609">
+<DATE> 7-APR-1987 08:11:55.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0553&#31;reute
+u f BC-VW-CURRENCY-DEPARTMEN   04-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW CURRENCY DEPARTMENT FORMER HEAD ARRESTED</TITLE>
+<DATELINE>    BRUNSWICK, West Germany, April 7 - </DATELINE><BODY>The former chief of
+foreign exchange at Volkswagen AG &lt;VOWG.F> has been arrested in
+connection with a scandal which may have cost the car maker a
+quarter of a billion dlrs, the chief state prosecutor Carl
+Hermann Retemeyer said.
+    He told Reuters that Burkhard "Bobby" Junger was arrested
+yesterday for suspected embezzlement.
+    "There is reason to believe that Junger could have evaded
+justice, and investigating magistrates therefore asked for his
+arrest," Retemeyer said.
+    VW fired Junger in March, after news emerged of the
+suspected foreign exchange swindle. In January the board gave
+him leave of absence. Six other people have been suspended.
+    VW said last month computer programs were erased and
+documents faked in the possible fraud, in which it believes
+transactions meant to protect it against foreign currency
+losses were not completed.
+    Retemeyer said "We are still investigating a larger circle
+of people, among them Frankfurt currency dealers"
+    He would not comment whether other arrests could be
+expected.
+    The possible fraud resulted in a major management shake-up
+with the resignation of Rolf Selowsky, management board member
+in charge of finance, who assumed managerial responsibility for
+the affair.
+    Retemeyer said last month he wanted to question
+Frankfurt-based money broker Joachim Schmidt, who may be able
+to give more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2593" NEWID="13610">
+<DATE> 7-APR-1987 08:13:10.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0557&#31;reute
+b f BC-LONDON-SUGAR-DOWN-1.4   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SUGAR DOWN 1.40 TO 2.00 DLRS BY MIDDAY</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Raw sugar futures were near session lows
+by midday, sustaining losses of 1.40 to 2.00 dlrs a tonne from
+last night's slightly easier close, dealers said.
+    Volume was 484 lots.
+    Lack of follow-through after yesterday's midsession
+steadiness played a part in the decline which saw light
+liquidation and technical selling, dealers said.
+    There was no fresh physicals news although there are whites
+buying tenders tomorrow by India and Syria which will coincide
+with the weekly export tender by the European Community (EC).
+    Pakistan tenders on Saturday for 100,000 tonnes whites.
+    Near Aug terminal was finally quoted at 154.40/154.60 dlrs
+(bid-asked) from 155.80/156 last night and a session high-low
+of 155.80/154 dlrs.
+    London Daily Raws prices fell 3.50 dlrs on tone to 147 fob
+and 171 (105.50 stg) cif.
+    The Whites price was down 2.50 dlrs to 190.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2594" NEWID="13611">
+<DATE> 7-APR-1987 08:13:17.40</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0558&#31;reute
+r f BC-OCCIDENTAL-&lt;OXY>-IN-B   04-07 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> IN BIG PERU HEAVY OIL FIND</TITLE>
+<DATELINE>    LOS ANGELES, April 7 - </DATELINE><BODY>Occidental Petroleum Corp said the
+Shiviyacu-23 development well on Block 1-AB in the Peruvian
+Amazon jungle is producing 6,593 barrels of 22 degree gravity
+oil per day from depths of 9,543 to 9,547 and 9,556 to 9,599
+feet.
+    The company said it is drilling a new exploration well on
+the block, Southeast Shiviyacu-1, 2.5 miles away.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2595" NEWID="13612">
+<DATE> 7-APR-1987 08:13:29.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0559&#31;reute
+r f BC-ATARI-&lt;ATC>-CANCELS-D   04-07 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATARI &lt;ATC> CANCELS DOMESTIC DEBT OFFERING</TITLE>
+<DATELINE>    SUNNYVALE, Calif., April 7 - </DATELINE><BODY>Atari corp said it has
+canceled a planned 75 mln dlr domestic offering of convertible
+subordinated debentures in favor of an overseas offering.
+    Yesterday, in London, lead underwriter PaineWebber Group
+Inc &lt;PWJ> announced a planned offering of 75 mln dlrs of Atari
+convertible debentures due 2002 with an indicated coupon of
+five to 5-1/4 pct.
+    Atari said the debentures will not be available for U.S.
+resal until at least 90 days after completion of the offering
+abroad.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2596" NEWID="13613">
+<DATE> 7-APR-1987 08:13:38.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0560&#31;reute
+u f BC-SUMMER/WINTER-TIME-CH   04-07 0019</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMMER/WINTER TIME CHANGES</TITLE>
+<DATELINE>    APRIL 11 - </DATELINE><BODY>ISRAEL INTRODUCES SUMMER TIME.
+    APRIL 26 - CANADA INTRODUCES SUMMER TIME.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2597" NEWID="13614">
+<DATE> 7-APR-1987 08:13:54.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0561&#31;reute
+r f BC-CBS-&lt;CBS>-TO-PAY-WYMA   04-07 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBS &lt;CBS> TO PAY WYMAN 400,000 DLRS EVERY YEAR</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>CBS Inc said under its settlement with
+former chairman and chief executive officer Thomas Wyman, it
+will pay him 400,000 dlrs a year for life.
+    CBS, in a proxy statement, said Wyman can also elect to
+receive either 3,800,000 dlrs in 10 annual installments or a
+lump sum of 2,800,000 dlrs next January Two.
+    The settlement with Wyman called for his employment to
+continue through 1986, and he was paid 809,654 dlrs in base
+salary and 293,859 dlrs in bonuses for the year, CBS said, with
+the bonuses paid in February 1987.
+    Wyman resigned on September 10 amid opposition from the
+company's two largest shareholders, Loews Corp &lt;LTR> chairman
+Laurence A. Tisch and retired CBS chairman William S. Paley.
+Tisch was then named chief executive officer and Paley returned
+as chairman.
+    The proxy statement said Tisch will receive a salary of
+750,000 dlrs for serving as chief executive this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2598" NEWID="13615">
+<DATE> 7-APR-1987 08:14:11.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0564&#31;reute
+r f BC-LIEBERMAN-ENTERPRISES   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIEBERMAN ENTERPRISES INC 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    MINNEAPOLIS, April 7 -
+    </DATELINE><BODY>Shr 51 cts vs 46 cts
+    Shr diluted 44 cts vs 41 cts
+    Net 2,267,000 vs 2,055,000
+    Sales 87.3 mln vs 70.4 mln
+    Nine mths
+    Shr 1.20 dlrs vs 1.12 dlrs
+    Shr diluted 1.07 dlrs vs 1.03 dlrs
+    Net 5,318,000 vs 4,958,000
+    Sales 243.7 mln vs 198.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2599" NEWID="13616">
+<DATE> 7-APR-1987 08:14:55.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0565&#31;reute
+u f BC-MORE-RAIN-IN-THE-NORT   04-07 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE RAIN IN THE NORTHEASTERN UNITED STATES</TITLE>
+<DATELINE>    Kansas City, April 7 - </DATELINE><BODY>The National Weather Service said a
+storm, centered off the east of Massachusetts early this
+morning, continued to produce rain across New England, and as
+far west as Michigan, Ohio and west Virginia. Some areas in the
+northeastern U.S. have yet to see the sun this month.
+    A flood warning remains in effect for small rivers in
+southern New Hampshire and extreme southwestern Maine. A flood
+warning is also in effect for interior Rhode Island, and
+central and northeastern Massachusetts.
+    A flood watch covers much of the rest of Massachusetts,
+eastern interior Connecticut and coastal Rhode Island, along
+with the southern half of Vermont, the White mountains of New
+Hampshire and much of southern Maine.
+    The storm off the Atlantic Coast has been very slow to move
+out to sea, and rain is likely to continue in northern New
+England into Wednesday.
+    Cool and wet weather has also prevailed in the lower Rio
+Grande Valley of Texas so far this month.
+    A few light rainshowers were over the lower Rio Grande
+Valley early this morning. Rainshowers were also widely
+scattered over the middle Mississippi Valley.
+    A cold front was bringing cloudy skies and scattered
+rainshowers to the northwestern U.S.
+    Skies remained clear in the north central U.S. Unseasonably
+warm temperatures prevailed across the north central states
+Monday afternoon. High temperatures in northern Minnesota were
+warmer than those in the lower Rio Grande Valley of Texas.
+    Temperatures were in the 30s F early this morning in the
+central and southern Rockies, and the southern and central high
+Plains.
+    Temperatures were still in the 60s in south Florida,
+southern Arizona and southern California.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2600" NEWID="13617">
+<DATE> 7-APR-1987 08:14:58.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0566&#31;reute
+u f BC-ZURICH-GOLD-1415---AP   04-07 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH GOLD 1415 - APRIL 7 POOL 418.50-421.50 (419.50-422.50 AT
+1300) INTERBANK 420.00-420.50 (420.40-420.90 AT 1300)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2601" NEWID="13618">
+<DATE> 7-APR-1987 08:16:25.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0569&#31;reute
+u f BC-U.S.-WEATHER-FORECAST   04-07 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WEATHER FORECAST FOR TUESDAY</TITLE>
+<DATELINE>    Kansas City, April 7 - </DATELINE><BODY>The National Weather Service
+forecast for today said periods of rain will occur across New
+England, New York and Pennsylvania, and from western Washington
+into northwest Oregon.
+    Scattered showers will extend across the central
+Appalachians and from south Texas through the Gulf Coast.
+    A few showers and thundershowers will reach across the
+intermountain region.
+    Much of the nation will have high temperatures in the 50s
+and 60s F.
+    Readings in the 40s F will reach from New England and New
+York into Pennsylvania and the central Appalachians.
+    Highs will warm into the 70s from central and southern
+California across southern Nevada into southeast Arizona, and
+from southeast Mississippi through southern portions of Alabama
+and Georgia into Florida.
+    Readings will be in the 80s acorss southern Arizona and
+southeast California.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2602" NEWID="13619">
+<DATE> 7-APR-1987 08:17:59.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0573&#31;reute
+u f BC-LONDON-COCOA-OPTIONS   04-07 0043</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COCOA OPTIONS QUOTES - APR 7
+    MTH...PREMIUM
+    May....65
+    Jul....75
+    Sep....80
+    Dec....95
+    Mar...110
+    May...120
+    Jul...Unquoted
+    All Call and Put Sellers
+    1 Month Calls and Puts sellers at 50.
+    1 Month Doubles sellers at 100.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2603" NEWID="13620">
+<DATE> 7-APR-1987 08:18:56.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0575&#31;reute
+r f BC-six/ten-day-weather   04-07 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SIX TO TEN DAY WEATHER OUTLOOK</TITLE>
+<DATELINE>    Kansas City, April 7 - </DATELINE><BODY>The National Weather service six to
+ten day outlook for Sunday, April 12, through Thursday, April
+16, calls for temperatures to average below normal from the
+southern Plateau east southeastward through Texas.
+    Near normal temperatures are expected from southern
+California northward into the northern Plateau and the northern
+Rockies, along the coast of the middle and north Atlantic Coast
+states, from northeastern Colorado southeastward into the lower
+Mississippi Valley and in most of the south central states.
+    Elsewhere temperatures will be above normal except much
+above from eastern Montana eastward into the upper Great Lakes
+region.
+    Precipitation amounts will be above normal across most of
+the nation.
+    Near normal precipitation is expected from northern
+California and Oregon eastward through the northern Rockies,
+from the upper Mississippi Valley east northeastward through
+New England, in eastern Texas and the southern tip of Florida.
+    Also little or no precipitation is forecast from southern
+California southeastward into the lower Rio Grande Valley.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2604" NEWID="13621">
+<DATE> 7-APR-1987 08:20:44.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0578&#31;reute
+b f BC-LONDON-COCOA-OPTION-T   04-07 0010</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COCOA OPTION TRADES MORNING - APR 7
+    Business nil.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2605" NEWID="13622">
+<DATE> 7-APR-1987 08:21:53.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0579&#31;reute
+u f BC-STRONG-QUAKE-JOLTS-CE   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRONG QUAKE JOLTS CENTRAL JAPAN</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>A strong earthquake registering 6.9 on the
+open-ended Richter scale jolted central and northern Japan, the
+Meteorological Agency said, but there were no immediate reports
+of injuries or damage.
+    An agency statement estimated the epicentre of the quake,
+which struck at 0940 hrs (0040 GMT), as being under the sea off
+Fukushima prefecture, some 240 km north of Tokyo.
+    On March 18, a quake also registering 6.9 on the Richter
+scale hit southwest Japan, killing two people.
+    Earthquakes of force six on the Richter scale are capable
+of causing widespread, heavy damage in a populated area.
+    The agency issued, but soon cancelled, a tidal-wave warning
+for the Pacific coastline of central and northern Japan.
+    The Shinkansen bullet train linking Tokyo and northern
+Morioka stopped running. Services will be suspended for several
+hours while workers check the tracks, railway officials told
+Reuters.
+    A spokesman for Fukushima police told Reuters they had not
+received any damage reports, even from the coastal town of
+Onahama, which registered the maximum intensity.
+    He described the shaking as very strong.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2606" NEWID="13623">
+<DATE> 7-APR-1987 08:23:17.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f0582&#31;reute
+u f BC-ny-gasoline-vol-oi   04-07 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYMEX GASOLINE  VOL/OPEN INTEREST FOR APRIL 6</TITLE>
+<DATELINE>    ----UNLEADED GAS -
+      </DATELINE><BODY>VOL    OPEN   CHANGE 
+ MAY  2515  15541   off  885
+ JNE  2742  15315   off  139
+ JLY   936   5362   off   39
+ AUG   213   1421   up   104
+ SEP    21    945   off    7
+ OCT    25    582   up    13
+ NOV     3    369   up     3
+ DEC     2    607   up     2
+ JAN     0    248   unch    
+TTL   6457  40390   off  948
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2607" NEWID="13624">
+<DATE> 7-APR-1987 08:23:34.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M RM
+&#22;&#22;&#1;f0584&#31;reute
+u f BC-PRS-PARIS-GOLD-MIDDAY   04-07 0018</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS GOLD MIDDAY FIX - AVR 07 81.750   francs per kilo
+419.44  (419.50) dlrs per troy ounce equivalent.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2608" NEWID="13625">
+<DATE> 7-APR-1987 08:23:40.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0585&#31;reute
+u f BC-PRS-PARIS-EXCHANGES-F   04-07 0066</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS EXCHANGES FIXING - APR 7
+ US  6.05500/06900
+ STG 9.8050/8230
+ CAN 4.6300/6400
+ DMK 332.400/333.000
+ SFR 400.770/401.470
+ DFL 294.560/295.060
+ BFR 16.0505/0785
+ DKR 88.160/320
+ NKR 88.820/980
+ SKR 95.460/640
+ LIT 4.6650/6740
+ AUS SCH 47.295/375
+ PORT 4.2985/3075
+ SPAIN 4.7425/7525
+ ZAIRE 0.0597/0603
+ YEN 4.1742/1814
+ IRL 8.8865/9035
+ FIN 136.340/580
+ GDR 4.5310/5410
+ ECU 6.90725/91925
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2609" NEWID="13626">
+<DATE> 7-APR-1987 08:24:53.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f0587&#31;reute
+u f BC-nymex-heat-oil-vol   04-07 0131</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ NYMEX - HEATING/CRUDE OIL - VOL/OPEN INTEREST - APRIL 6
+HEAT OIL-VOL  OPEN   CHANGE      CRUDE- VOL OPEN   CHANGE
+MAY  3014    18102   off  168    MAY  12420 58972  off  4110
+JNE  2967    14554   off  414    JNE  10935 58659  off   220
+JLY   868     5444   up   310    JLY   4317 24628  up    480
+AUG   289     2797   up    22    AUG    978  9009  off   120
+SEP    26     1799   up    21    SEP    592  4815  up     52
+OCT     3     1244   up     2    OCT    210  2426  up     17
+NOV     0      421   unch        NOV     30  1404  up     17
+DEC     0      409   up     4    DEC     92  2506  up     38
+JAN     0      250   unch        JAN      1   156  up      1
+                                 FEB      0     3  unch     
+TTL  7167   45,020   off  223    TTL  29575 162,578 off 3845
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2610" NEWID="13627">
+<DATE> 7-APR-1987 08:25:10.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0589&#31;reute
+u f BC-BRITISH-OPNION-POLLS   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH OPINION POLLS KEEP CONSERVATIVES AHEAD</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Two British opinion polls showed the
+ruling Conservative Party would retain power with a clear
+majority in general elections.
+    A poll for commercial television, conducted after Prime
+Minister Thatcher returned from Moscow, this morning gave the
+Conservatives their highest rating since they were re-elected
+in 1983, with 43 pct of the votes, Labour 30 and the Social
+Democratic-Liberal Alliance 26 pct.
+    Another poll in the Times newspaper taken in 73 key
+marginal constituencies, predicted a Conservative majority of
+92 seats.
+    Thatcher does not have to call elections until June 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2611" NEWID="13628">
+<DATE> 7-APR-1987 08:25:38.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f0590&#31;reute
+u f BC-ny-plat-vol-oi   04-07 0052</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX PLATINUM VOL/OPEN INTEREST FOR APRIL 6
+       VOL    OPEN   CHANGE
+ APL   148    1155   off  122
+ JNE     0       0   unch    
+ JLY  4099   14575   off   71
+ OCT    40    2840   up    55
+ JAN    10     217   up     5
+ APL    24     332   up    10
+ Jly     0       1   unch    
+ Ttl  4321   19120   off  173
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2612" NEWID="13629">
+<DATE> 7-APR-1987 08:25:50.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0591&#31;reute
+h f BC-ECONOMIC-SPOTLIGHT--   04-07 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - FOREIGN BANKS IN GERMANY</TITLE>
+<AUTHOR>    By Allan Saunderson, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, April 6 - </DATELINE><BODY>Foreign banks in West Germany are
+reassessing their positions after a number of changes in the
+markets and the regulatory environment that have dampened a
+once-euphoric enthusiasm for expansion here.
+    Banking sources said the most important changes were plans
+to bring securities holdings into capital lending ratios, the
+first such move in a major financial centre. This could place a
+serious burden on several foreign banks, particularly those
+active in primary and secondary bond markets. Foreign banks had
+much lower equity and reserve capital than most domestic banks.
+    Senior banking sources said talks between the Bundesbank
+and the banking supervisory office over bringing securities --
+primarily bonds -- under banking laws governing capital ratios
+were in progress.
+    Although no date had been set for imposition, banks as
+early as this year may be obliged to bring bonds under 1985
+rules that limit bank lending to 18 times shareholders equity
+and reserves.
+    Although other national regulatory authorities are known to
+be considering similar steps in light of growing securitisation
+of debt previously in the balance sheet, Germany, with its
+tradition of prudence, may be the first.
+    Brian Kissack, president of the Foreign Banks Association,
+told Reuters, "It's not a positive sign. It could cause certain
+people who are not in (West Germany) to query whether it was as
+attractive to get in now."
+    Larger banks may begin to use global networks to pass on
+holdings in mark securities to other centres which had less
+stringent ratios, taking business out of the country, he added.
+    But sources said foreign banks faced a host of other
+practical problems as well. These included,
+    -- the apparent unwillingness of the Bonn government to
+make an early move to abolish the stock exchange turnover tax.
+    -- signs that London's "Big Bang" may have deeper
+implications for German securities trading than first thought.
+    -- difficulty in finding experienced securities
+professionals to staff new subsidiaries.
+    -- growing pressure on commercial banking margins that is
+forcing widespread retrenchment and refocusing of activities.
+    -- the threat of having to face a renewed push for market
+share by the largest and most powerful Japanese banks.
+    By leaving the stock exchange turnover tax out of the
+initial negotiating session of the incoming federal coalition
+government, Bonn had dashed hopes it would soon be abolished.
+    The tax is 0.25 pct on each side of a securities trade by a
+non-bank, but it is not levied on public authority bonds.
+    This extra cost, particularly for finely-priced instruments
+such as floating rate notes, had kept much mark securities
+business firmly in the City, awaiting a change. But aside from
+this, London was more active than domestic houses had expected.
+    Large U.S., British, Japanese and Swiss investors often
+preferred to execute block trades -- 50,000 shares and up --
+with City market makers who could absorb at least some of the
+paper in their own positions, diminishing the immediate impact
+on the share price.
+    Most German brokers and banks pass trades direct to the
+exchange floor, cutting profits or adding to costs.
+    Bank in Liechstenstein (Frankfurt) GmbH board member
+Michael Zapf said London's share of German securities business
+done was causing foreign banks without German units to weigh
+whether establishment costs involved were worth the returns.
+    Additional signs that London market makers may move into
+secondary level stocks had added to this concern, he said.
+    Now, plans by many foreign banks to transfer mark
+securities trading entirely to newly established, mainly
+Frankfurt-based units were being reassessed, sources said.
+    The continuing existence of the stock exchange tax had also
+effectively prevented the birth of a short-term mark paper
+market in certificates of deposit or commercial paper.
+    Many U.S. Investment and money centre banks in particular
+were hoping experience in these would provide the lever to
+prise open tight credit relationships between companies and
+their domestic "house" banks.
+    At the moment, U.S. Investment banks are expanding fastest
+here. A unit of Salomon Inc &lt;SB.N> began last summer and Morgan
+Stanley Group Inc &lt;MS.N> is currently fitting out offices,
+probably for a summer start to business.
+    A unit of &lt;Manufacturers Hanover Trust Co> should begin
+operations toward year end. Merrill Lynch and Co Inc &lt;MER.N>
+and Shearson Lehman Brothers are known to be weighing
+conversion of current, small operations to full-standing units.
+    But expansion had been hampered by the lack of experienced
+personnel in a hitherto fairly small market. The big three
+Swiss banks, which arrived between late 1985 and first half
+1986, have been steadily building up securities departments,
+taking staff equally from domestic and foreign competitors.
+    The two U.S. Banks longest established here, Citibank AG
+and Chase Bank AG, had been particularly hard hit.
+    Both banks recently announced plans to cut back commercial
+activities and shut down German branch offices on orders from
+head office. In the competitive environment, return on assets
+employed was insufficient to meet requirements, sources said.
+    But the weakening attraction of "Financial Centre Germany"
+was unlikely to deter major Japanese banks from setting up full
+subsidiaries when the Bundesbank gives the green light for mark
+eurobond lead management probably around third quarter 1987.
+    Once banks such as Dai-Ichi Kangyo Bank Ltd &lt;DIKB.T> and
+Sumitomo Bank Ltd &lt;SUMI.T> move in, competition for business,
+for staff and even for premises would soar, sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2613" NEWID="13630">
+<DATE> 7-APR-1987 08:26:40.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f0595&#31;reute
+u f BC-nymex-pall-vol-oi   04-07 0057</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX PALLADIUM VOL/OPEN INTEREST FOR APRIL 6
+         VOL OPEN     CHANGE
+ APL      0     1     off   2
+ JNE    210  4134     off  49
+ Jly    120     0     unch   
+ Sep     17  1631     up   14
+ Dec      1   981     off   6
+ MCH      0   119     off   1
+ JNE      0    29     off   1
+Total   348  6895     off  45
+                              
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2614" NEWID="13631">
+<DATE> 7-APR-1987 08:26:50.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0596&#31;reute
+u f AM-MCPHERSON   04-07 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AID CHIEF TO BE NAMED TO TOP TREASURY POST</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>President Reagan will shortly
+nominate the head of the U.S. program for Third World
+development, Peter McPherson, as second-ranking officer of the
+Department of the Treasury, administration sources said.
+    They said the White House was expected to announce
+McPherson's nomination to succeed Richard Darman as deputy
+Treasury scretary later this week.
+    The nomination is subject to Senate approval.
+    McPherson has headed the Agency for International
+Development (AID) since 1981. As Treasury Secretary James
+Baker's chief assistant, he would be expected to work closely
+on international economic policy, including the major problems
+of the Mexican and Brazilian debts.
+    McPherson, a lawyer, worked in the White House under
+President Gerald Ford, after serving as a corporate tax
+specialist for the Internal Revenue Service.
+    He also spent two years in Peru as a member of the Peace
+Corps.
+    Darman, who was considered to have played a central role in
+achieving agreements among industrial countries on
+international economic policy, will leave the Treasury on April
+13 to join the Investment Banking Group of Shearson Lehman
+Brothers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2615" NEWID="13632">
+<DATE> 7-APR-1987 08:28:07.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0605&#31;reute
+u f BC-BRUSSELS-EXCHANGES-FI   04-07 0050</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BRUSSELS EXCHANGES FIXING - APRIL 7 US 37.62 37.84 FFR 6.2095
+6.2395 STG 60.9175 61.2175 IRL 55.2450 55.5050 DMK 20.6685
+20.7485 SFR 24.9125 25.0125 DFL 18.3175 18.3875 LIT 2.8965
+2.9165 DKR 5.4830 5.5030 SKR 5.9295 5.9595 NKR 5.5210 5.5510
+AUS SCH 294.10 295.30 YEN 25.9575 26.0575 ZAIRE 0.3690 0.3770
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2616" NEWID="13633">
+<DATE> 7-APR-1987 08:29:50.66</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0606&#31;reute
+d f BC-BP-SCOTTISH-REFINERY   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP SCOTTISH REFINERY SET TO RESTART THIS WEEK</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The British Petroleum &lt;BP.L> Co Plc's
+refinery at Grangemouth, Scotland, shut down after an explosion
+and fire in the hydrocracker on March 22, will probably be back
+in operation towards the week-end, a refinery spokesman said.
+    He said the refinery will resume at about half its 178,500
+barrels per day (bpd) capacity, as work on overhauling the
+North Side of the complex, which began at the end of January,
+will not be completed before the end of April.
+    He said the refinery had been closed for longer than
+originally expected due to the lengthy safety checks being
+carried out prior to restarting.
+    The explosion and fire, in which one worker was killed,
+caused extensive damage to the central part of the 32,000
+hydrocracker and the spokesman said today this unit would be
+out of operation for several months. The remainder of the
+refinery, including the 19,000 catalytic cracker, was
+undamaged.
+    He said inquiries into the accident, which happened while
+the hydrocracker was not in operation, were continuing.
+    In an earlier incident, two people were killed in an
+explosion and fire at the refinery on March 13.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2617" NEWID="13634">
+<DATE> 7-APR-1987 08:30:19.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f0608&#31;reute
+b f BC-NYMEX-FUTURES-VOLUME/   04-07 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYMEX FUTURES VOLUME/OPEN INTEREST FOR APRIL 6</TITLE>
+<DATELINE>    (totals - </DATELINE><BODY>in contracts)
+              volume    open   change
+Platinum       4321     19120  off  173
+Palladium       348      6895  off   45
+Heating Oil    7167     45020  off  223
+Crude Oil     29575    162578  off 3845
+Unleaded Gas   6457     40390  off  948
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2618" NEWID="13635">
+<DATE> 7-APR-1987 08:30:33.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0609&#31;reute
+b f BC-LME-METAL-KERBS-MORNI   04-07 0034</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME METAL KERBS MORNING - APR 7
+    COPPER Grade A 3600 tonnes cash 917.00 16.00 3months 882.00
+81.00  close 881.00 82.00
+ Standard nil unquoted
+    LEAD 175 tonnes 3months 301.00 close 301.00 02.00
+    ZINC High grade 650 tonnes 3months 455.00 56.00 close
+456.00 57.00
+    SILVER Large and Small nil unquoted
+    ALUMINIUM 2350 tonnes 3months 806.00 05.50 06.00 close
+805.00 06.00
+    NICKEL nil close 2351 55
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2619" NEWID="13636">
+<DATE> 7-APR-1987 08:31:13.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0611&#31;reute
+u f BC-LONDON-GRAINS-SEE-FUR   04-07 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GRAINS SEE FURTHER NEARBY WHEAT GAINS</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Old crop supply uncertainties continued
+to influence nearby wheat prices, particularly in the Liverpool
+area where the market traded one stg per tonne higher this
+morning.
+    May parcels of denaturable wheat traded in Liverpool at
+129.50 stg per tonne and Apr/Jun at the same price, while April
+sold in west Norfolk at 123 stg.
+    New crop trade included Jan/Mar deliveries at 113 stg and
+Apr/Jun at 117 basis Liverpool, and at 111 and 115,
+respectively, basis west Norfolk. Jan/Mar sold to Avonmouth at
+111.75 stg per tonne.
+    The export market for British wheat traded about 0.50 stg
+higher. April cargoes of 2,400 tonnes sold at 123.50 and
+Apr/Jun runs at 124 stg per tonne, fob east coast ports.
+    U.K. Grain futures ended the morning firmer, wheat showing
+gains of 0.50 to 0.20 stg and barley 0.25 to 0.10 stg. Nearby
+price strength in interior markets continued to influence
+current crop values.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2620" NEWID="13637">
+<DATE> 7-APR-1987 08:31:26.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0612&#31;reute
+u f BC-JAPAN-RULING-PARTY-SE   04-07 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN RULING PARTY SEEKS BIG SUPPLEMENT BUDGET</TITLE>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>The ruling Liberal Democratic Party has
+drawn up the guidelines of an economic package including a
+supplementary budget of more than 5,000 billion yen, a senior
+party official said.
+    The official, the LDP Policy Affairs Research Council's
+Chairman Masayoshi Ito, told a press conference the proposed
+supplementary budget will probably be compiled no earlier than
+August but before November.
+    It also urges the government to concentrate in the first
+half of the current fiscal year which began on April 1 a record
+proportion of the year's public works spending.
+    The guidelines will be explained to the U.S. this week when
+Finance Minister Kiichi Miyazawa visits Washington for the
+meetings with the IMF and G-7 ministers, Ito added.
+    The LDP suggested the government review the ceiling on
+budgetary requests for investment in public works projects
+presented by individual ministries, Ito said.
+    But the LDP official said the government should not abandon
+its fiscal reform target of ending the issue of
+deficit-covering bonds by fiscal 1990.
+    These measures should be treated as an emergency, partly
+because of the urgent need for Japan to redress its external
+trade imbalance with the U.S., He said.
+    The guideline will be the basis for a more detailed
+reflationary plan to be worked out by the LDP before Prime
+Minister Yasuhiro Nakasone leaves for Washington on April 29
+for talks with President Reagan, Ito said.
+    The full government-endorsed economic package is expected
+to be announced in late May.
+    The LDP expects public works spending in the first 1987/88
+half to account for more than 80 pct of what was originally
+incorporated in the fiscal 1987 budget, Ito said. The previous
+record for the rate was 77.5 pct in 1986/87.
+    Ito said revenue sources for the additional pump-priming
+measures should include the issue of construction bonds and the
+use of part of the proceeds from sales of the privatized Nippon
+Telegraph and Telephone Corp stocks.
+    An LDP statement said the government should use the
+additional budget mainly to encourage housing construction and
+to revitalize regional economies hit hard by the yen's rise.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2621" NEWID="13638">
+<DATE> 7-APR-1987 08:31:45.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0614&#31;reute
+u f BC-LONDON-SEEDS-1330---A   04-07 0071</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SEEDS 1330 - APR 7
+   COPRA Phillipines dlrs per tonne cif rotterdam Apr 275.00
+reslrs
+   PALM KERNELS Sierra leone dlrs per tonne cif rotterdam Apr
+175.00 slrs
+   SOYBEANS cif uk east/south coast stg per tonne Jun/Aug
+137.00 Sep/Dec 139.50 slrs
+   LINSEED Canadian dlrs per tonne cif rotterdam Apr/May 167.00
+May/Jun 166.00 slrs
+    RAPESEED UK stg per tonne del Apr 296.00/298.00 May
+298.00/301.00 byr/slrs
+    REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2622" NEWID="13639">
+<DATE> 7-APR-1987 08:31:53.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0615&#31;reute
+b f BC-LONDON-COFFEE-FUTURES   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON COFFEE FUTURES QUIETLY FIRMER AT MIDDAY</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Robusta futures firmed at midday in
+extremely quiet trading, ranging three to 12 stg per tonne
+higher at the end of the morning call. Second position July
+rose seven stg to 1,258 stg.
+    As the recent increase in roaster demand seems to have
+quieted today, dealers attributed the market's steadiness to a
+technical consolidation of the decline in the past few weeks.
+London futures appeared to be following New York coffee, which
+has stabilized just above 1.00 dlr, some dealers said.
+    Physicals were quiet, with significant origin offers and
+roaster enquiry absent. Volume was 1,110 lots with 520 crosses.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2623" NEWID="13640">
+<DATE> 7-APR-1987 08:32:36.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0616&#31;reute
+u f BC-CME-OPEN-INTEREST-ISS   04-07 0077</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME OPEN INTEREST ISSUED 7-APR
+FOR PREVIOUS TRADING DAY
+PORK BELLIES          LIVE HOGS
+      OPEN                   OPEN
+ MAY7  4676  OFF 238  APR7   5069  OFF 485
+ JUL7  3989  UP   14  JUN7  12062  UP  211
+ AUG7  1682  UP    4  JUL7   5415  UP  114
+ FEB8  1215  UP   29  AUG7   3346  UP  147
+ MAR8    97  UNCH     OCT7   1869  OFF   4
+                      DEC7   1224  UP    4
+                      FEB8    605  OFF   9
+                      APR8    703  UP   19
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2624" NEWID="13641">
+<DATE> 7-APR-1987 08:32:46.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0617&#31;reute
+u f BC-LONDON-SILVER-FIX-HIG   04-07 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SILVER FIX HIGHEST SINCE APRIL 1985</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Silver bullion was fixed at 674.50 cents
+an ounce, its highest since mid-April 1985, dealers said.
+    The metal continued to be supported by gold/silver ratio
+dealing, with traders buying silver and selling gold.
+    Dealers said the market also featured some panic
+short-covering.
+    Silver moved steadily higher during the morning after
+opening at 671/674, up from its previous close of 663/665.
+    Three months was fixed at 426.50 pence, up from last
+night's final 418.50/420.50.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2625" NEWID="13642">
+<DATE> 7-APR-1987 08:33:02.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0619&#31;reute
+u f BC-CME-OPEN-INTEREST-2-I   04-07 0082</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME OPEN INTEREST 2 ISSUED 7-APR
+FOR PREVIOUS TRADING DAY
+      OPEN                     OPEN
+LIVE CATTLE              FEEDER CATTLE
+ APR7  16842  OFF1318    APR7  3632  OFF 134
+ JUN7  38462  UP 1156    MAY7  6621  UP  112
+ AUG7  18605  UP  576    AUG7  3258  UP   61
+ OCT7  11301  UP  145    SEP7   824  UP   10
+ DEC7   6718  UP  460    OCT7  1440  UP   19
+ FEB8   1696  UP   60    NOV7   351  UP    6
+ APR8    359  UP    9    JAN8    96  UP    9
+                         MAR8    10  UP    3
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2626" NEWID="13643">
+<DATE> 7-APR-1987 08:33:23.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f0620&#31;reute
+u f BC-CHGO-IMM-OPEN-INTERES   04-07 0058</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IMM OPEN INTEREST ISSUED 7-APR
+FOR PREVIOUS TRADING DAY
+      OPEN                    OPEN
+B-POUND                 C-DOLLAR
+JUN7  39244  UP  6004   JUN7 21427  UP   211
+SEP7   1596  UP   256   SEP7  4422  OFF   63
+DEC7    269  OFF    4   DEC7  1386  UP    59
+MAR8     17  UNCH       MAR8   207  UNCH
+JUN8                    JUN8    55  UNCH
+       OPEN                     OPEN
+D-MARK                   S-FRANC
+JUN7  39723  OFF  649    JUN7  29562  UP   786
+SEP7   1179  UP     9    SEP7    729  UP     1
+DEC7     80  UP    17    DEC7     35  UNCH
+MAR8                     MAR8      3  UNCH
+JUN8                     JUN8
+       OPEN
+J-YEN
+JUN7  48205  UP  2158
+SEP7    515  UP    31
+DEC7     80  UP    26
+MAR8     11  UNCH
+JUN8      1  UP     1
+F-FRANC                     S AN P 500 (IOM)
+JUN7    281  UNCH        JUN7  99315  UP  1104
+SEP7                     SEP7   2169  UP   159
+DEC7      1  UNCH        DEC7   1743  UP    12
+MAR8                     MAR8     11  UP     4
+       OPEN                     OPEN
+90-DAY T-BILLS           EURO DLRS (CONT)
+JUN7  27676  OFF 779     DEC7  29335  UP  989
+SEP7   6465  OFF  17     MAR8  16561  UP   19
+DEC7   1884  UP    8     JUN8  11439  UP   47
+MAR8    759  UP    7     SEP8   9183  UP   63
+JUN8    340  UP    5     DEC8   6594  UP  197
+SEP8    131  UP    1     MAR9   2979  UP  124
+DEC8     21  UNCH        DOMESTIC CD
+EURO DLRS                JUN7     36  UNCH
+JUN7  14497  UP  220     SEP7     10  UNCH
+SEP7  53916  UP  797     DEC7
+OCT7
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2627" NEWID="13644">
+<DATE> 7-APR-1987 08:33:31.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0621&#31;reute
+u f BC-LONDON-OILS-1330---AP   04-07 0091</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON OILS 1330 - APR 7
+    SOYOIL Dutch fob Ex-Mill guilders per 100 kilos May/Jul
+65.75 Aug/Oct 68.00/68.50 paid U.K. CRUDE ex-tank stg per tonne
+Apr-May 214.00 Jun 215.000 Jul 218.00 slrs
+    SUNFLOWERSEEDOIL Any origin ex-tank dlrs per tonne Aug/Oct
+357.50 paids
+    GROUNDNUTOIL Any origin cif rotterdam dlrs per tonne
+Mar/Apr-Apr/May-May/Jun 490.00 slr
+    RAPESEEDOIL Dutch/EC Guilders per 100 kilos May 60.75 paid
+Aug/Oct 60.00 slrs UK 2 pct ffa stg per tonne ex-tank Apr
+183.00 May 185.00 Jun 187.00 Jul 189.00 Aug/Oct 183.00 slrs
+    PALMOIL Malaysian Crude dlrs per tonne cif UK/Rotterdam May
+330.00 slr.
+    Malaysian/Sumatran crude dlrs per tonne cif UK/Rotterdam
+May 332.50 Jun 335.00 Jul 337.50 Aug 340.00 slrs
+    Malaysian RBD dlrs per tonne Apr-May 318.00 paids
+    Malaysian RBD Olein dlrs per tonne Jun 335.00 Jul 332.50
+paids
+    Malaysian RBD stearine dlrs per tonne FOB May 277.50 paid
+    COCONUTOIL Philippines 3 pct ffa cif Rott dlrs per long ton
+Jun/Jul 390.00/400.00 Jul/Aug 402.00/405.00 paids
+    PALMKERNELOIL Malaysian 5-1/2 pct cif Rott. Dlrs per tonne
+Apr/May 385.00 May/Jun 390.00 Jun/Jul 395.00 Jul/Aug 405.00
+slrs
+    LINSEEDOIL any origin extank Hull stg per tonne Apr/Aug
+213.00 slr.
+    TUNGOIL Any origin ex-tank U.K. Stg per tonne  Apr/May
+ 1100.00 slr
+    CASTORSEEDOIL Brazilian No.1 ex-tank Rott dlrs per tonne
+ Apr/May 750.00 slrs
+    REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2628" NEWID="13645">
+<DATE> 7-APR-1987 08:34:37.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ MQ
+&#22;&#22;&#1;f0630&#31;reute
+u f BC-CHGO-IOM-LUMBER-VOL/O   04-07 0045</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IOM LUMBER VOL/OPEN INTEREST ISSUED
+7-APR FOR PREVIOUS TRADING DAY
+      OPEN            SALES
+ MAY7 3307             848
+ JUL7 1949             289
+ SEP7 1003             123
+ NOV7  368              71
+ JAN8  231               5
+ MAR8  106               0
+ MAY8
+
+
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2629" NEWID="13646">
+<DATE> 7-APR-1987 08:34:42.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0631&#31;reute
+u f BC-CME-HOGS/PORK-BELLY-V   04-07 0052</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME HOGS/PORK BELLY VOLUME ISSUED
+7-APR FOR PREVIOUS TRADING DAY
+LIVE HOGS                PORK BELLY
+APR7   1109       MAY7   2642
+JUN7   2396       JUL7   1247
+JUL7   1117       AUG7    318
+AUG7    468       FEB8    155
+OCT7    105       MAR8    --
+DEC7    133       MAY8    --
+FEB8     35
+APR8     36
+JUN8      2
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2630" NEWID="13647">
+<DATE> 7-APR-1987 08:34:53.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0633&#31;reute
+u f BC-CME-LIVE/FEEDER-CATTL   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME LIVE/FEEDER CATTLE VOLUME ISSUED
+7-APR FOR PREVIOUS TRADING DAY
+FEEDER CATTLE     LIVE CATTLE
+APR7    644       APR7   6630
+MAY7    832       JUN7   7861
+AUG7    295       AUG7   3283
+SEP7     64       OCT7   1912
+OCT7    230       DEC7   1343
+NOV7     21       FEB8    167
+JAN8     17       APR8     29
+MAR8      3
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2631" NEWID="13648">
+<DATE> 7-APR-1987 08:34:59.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f0634&#31;reute
+u f BC-CHGO-IMM-VOLUME-ISSUE   04-07 0076</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IMM VOLUME ISSUED
+7-APR FOR PREVIOUS TRADING DAY
+  D-MARK      S-FRANC     B-POUND       AUS-DOL
+JUN7  23722 JUN7  16675 JUN7  13018 JUN7    186
+SEP7     81 SEP7     52 SEP7     31 SEP7      1
+DEC7     17 DEC7    --  DEC7      4 DEC7      4
+MAR8    --  MAR8    --  MAR8    --
+  C-DOLLAR    F-FRANC     J-YEN
+JUN7   1889 JUN7    --  JUN7  11606
+SEP7    137 SEP7    --  SEP7     56
+DEC7    111 DEC7    --  DEC7     57
+MAR8    --  MAR8    --  MAR8    --
+  EURODLR      T-BILL      CD       S/P 500(IOM)
+JUN7  34723  JUN7   3844 JUN7    --  JUN7  66220
+SEP7   7764  SEP7    197 SEP7    --  SEP7    831
+OCT7    --   DEC7     52 DEC7    --  DEC7     45
+DEC7   2984  MAR8     15           MAR8      8
+MAR8   1072  JUN8      6
+JUN8    654  SEP8      8
+SEP8    729  DEC8    --
+DEC8    672
+MAR9    206
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2632" NEWID="13649">
+<DATE> 7-APR-1987 08:36:18.61</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0637&#31;reute
+u f BC-BRITAIN-WARNS-JAPAN-O   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN WARNS JAPAN OVER TRADE ROW</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 7 - </DATELINE><BODY>British corporate affairs minister Michael
+Howard told Japan to resolve the row over the U.K. Firm Cable
+and Wireless Plc's &lt;CAWL.L> shareholding in a new Japanese
+telecommunications company or face an abrupt deterioration in
+trade relations.
+    In meetings with both the foreign and telecommunications
+ministers Howard said he expressed deep concern about the way
+Tokyo had handled the dispute and about the continuing trade
+imbalance between the two countries.
+    "I put it to the (post and telecommunications) minister that
+I was sure he did not want to be responsible for an abrupt
+deterioration in the trading relations of our countries which
+would have widespread reverberations elsewhere in the world,"
+Howard told reporters.
+    "He listened very carefully and I have little doubt the
+message got home," he added.
+    British frustration over the lopsided trade balance -
+nearly six billion dlrs in Japan's favour last year - has
+reached boiling point over the telecommunications issue, Howard
+said.
+    Howard has accused Japan of trying to shut out Cable and
+Wireless from having a major role in the international
+telephone market in Japan.
+    "I want a fair crack of the whip for Cable and Wireless as I
+want a fair crack of the whip for Britain generally in trading
+relations," Howard said. "We simply aren't prepared to continue
+to accept the imbalance which has been the position for such a
+long time."
+    Post and Telecommunications Ministry officials were unable
+to comment on Howard's meeting with their minister.
+    But Foreign Ministry officials said Foreign Minister
+Tadashi Kuranari said that British exports to Japan are
+increasing, but acknowledged the continuing imbalance in trade.
+    Kuranari said he wants everyone in the telecommunications
+dispute, including Cable and Wireless, to be satisfied.
+    Howard told reporters that Britain was actively considering
+possible retaliatory measures if it did not get its way on the
+telecommunications issue.
+    "There are measures which are under consideration if we
+continue to suffer from the imbalance in our trading relations,"
+he added, but gave no details.
+    He said he had received a reassuring response from the
+Japanese he has spoken with.
+    "But of course we've had reassuring signs from the Japanese
+for quite some time," he added. "What I've made plain is we
+expect to see action."
+    Howard ruled out using powers in Britain's Financial
+Services bill to retaliate against unfair trade practices.
+Those powers, which allow London to ban foreign financial firms
+like banks from Britain, are designed to ensure U.K. Firms
+equal access to overseas financial markets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2633" NEWID="13650">
+<DATE> 7-APR-1987 08:36:27.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0638&#31;reute
+b f BC-LONDON-COCOA-STANDS-H   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON COCOA STANDS HARDLY CHANGED AT MIDDAY</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Cocoa futures stood hardly changed from
+last night at midday with near July last traded at yesterday's
+offered level of 1,318 stg from a 1,324 high, dealers said.
+    Overnight steadiness in New York was balanced by firm
+sterling versus the dollar and continued availability of West
+African new crop physical offers, notably Ghana and Ivory.
+    The Ivory Coast was believed offering new crop around 1,325
+French francs per 100 kilos cif while Ghana was offering around
+1,460 stg a tonne cif for Dec/Feb-Jan/Mar, dealers said.
+    Volume midday was 1,013 lots including 130 crosses.
+    Apart from the prospect of ICCO buffer stock buying in the
+near future, the only other bullish feature on the immediate
+horizon is the recently lower trade forecast for Bahia's
+temporao crop which ranged between 1.5 and 2.0 mln bags from
+2.0 to 2.5 mln bags previously and compared with initial
+expectations of three mln bags, dealers said.
+    Some traders are now saying the temporao is more likely to
+be near the lower end of the new range although this could be
+offset by a higher than expected Ivory Coast mid-crop.
+    Resale physicals were quiet although light enquiry was
+seen, the dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2634" NEWID="13651">
+<DATE> 7-APR-1987 08:36:31.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0639&#31;reute
+u f BC-INDIANAPOLIS-HOGS-SEE   04-07 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIANAPOLIS HOGS SEEN STEADY/STRONG - PRIVATE</TITLE>
+<DATELINE>    Indianapolis, April 7 - Cloudy/49 degrees - </DATELINE><BODY>Hog prices are
+expected steady to strong on estimated receipts of 2,000 head,
+private sources said. Top seen at 50.75 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2635" NEWID="13652">
+<DATE> 7-APR-1987 08:37:10.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0640&#31;reute
+d f BC-VW-CURRENCY-DEPARTMEN   04-07 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW CURRENCY DEPARTMENT FORMER HEAD ARRESTED</TITLE>
+<DATELINE>    BRUNSWICK, West Germany, April 7 - </DATELINE><BODY>The former chief of
+foreign exchange at Volkswagen AG &lt;VOWG.F> has been arrested in
+connection with a scandal which may have cost the car maker a
+quarter of a billion dlrs, the chief state prosecutor Carl
+Hermann Retemeyer said.
+    He told Reuters that Burkhard "Bobby" Junger was arrested
+yesterday for suspected embezzlement.
+    "There is reason to believe that Junger could have evaded
+justice, and investigating magistrates therefore asked for his
+arrest," Retemeyer said.
+    VW fired Junger in March, after news emerged of the
+suspected foreign exchange swindle. In January the board gave
+him leave of absence. Six other people have been suspended.
+    VW said last month computer programs were erased and
+documents faked in the possible fraud, in which it believes
+transactions meant to protect it against foreign currency
+losses were not completed.
+    Retemeyer said, "We are still investigating a larger circle
+of people, among them Frankfurt currency dealers"
+    He would not comment whether other arrests could be
+expected.
+    The possible fraud resulted in a major management shake-up
+with the resignation of Rolf Selowsky, management board member
+in charge of finance, who assumed managerial responsibility for
+the affair.
+    Retemeyer said last month he wanted to question
+Frankfurt-based money broker Joachim Schmidt, who may be able
+to give more details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2636" NEWID="13653">
+<DATE> 7-APR-1987 08:37:55.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0641&#31;reute
+u f BC-LONDON-OILS/SEEDS-STE   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON OILS/SEEDS STEADY TO FIRMER AT MIDDAY</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Oils and oilseeds showed steady to firmer
+price movements at midday in moderately active trading.
+    Processed palm oil traded five to 7.50 dlrs per tonne
+higher but buyers became more reserved near the end of the
+morning on indications that Pakistan may have passed at its
+import tender today.
+    Coconut and palm kernel oils met increased dealer buying at
+a 2.50 to five dlr per tonne advance while light business to
+surface from the liquid edible oil market was at unchanged to
+marginally higher price levels. Small gains in closing Chicago
+soyoil futures were supportive, traders said.
+    June shipments of Malaysian rbd palm olein traded at 335
+dlrs and July at 332.50, while rbd oil sold at 318 for Apr/May
+and rbd stearine at 277.50 dlrs per tonne fob, for May
+shipments.
+    Jun/Jul shipments of Philippine/Indonesian coconut oil sold
+at 415 dlrs per long ton cif and Malaysian/Indonesian palm
+kernel oil at 390 to 400 dlrs per tonne cif for the same
+position.
+    Firm fob prices in the Argentine market supported
+sunflowerseed oil values here and Aug/Oct call traded at 357.50
+dlrs per tonne, ex-tank Rotterdam.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2637" NEWID="13654">
+<DATE> 7-APR-1987 08:39:32.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0645&#31;reute
+u f BC-JOLIET-HOGS-SEEN-STEA   04-07 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOLIET HOGS SEEN STEADY - PRIVATE SOURCES</TITLE>
+<DATELINE>    Joliet, April 7 - Sunny/40 degrees - </DATELINE><BODY>Hog prices are
+expected steady on estimated receipts of 200 head, private
+sources said. Top seen at 50.50 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2638" NEWID="13655">
+<DATE> 7-APR-1987 08:40:24.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0649&#31;reute
+u f BC-KANSAS-CITY-HOGS-SEEN   04-07 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY HOGS SEEN STEADY - PRIVATE SOURCES</TITLE>
+<DATELINE>    Kansas City, April 7 - Sunny/46 degrees - </DATELINE><BODY>Hog prices are
+expected steady on estimated receipts of 500 head, private
+sources said. Top seen at 50.00 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2639" NEWID="13656">
+<DATE> 7-APR-1987 08:42:50.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0650&#31;reute
+d f BC-CARDINAL-INDUSTRIES-&lt;   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARDINAL INDUSTRIES &lt;CDNI> RESTATES NET LOWER</TITLE>
+<DATELINE>    VERNON, Conn., April 7 - </DATELINE><BODY>Cardinal Industries Inc said it
+restated earnings for the first nine months of 1986 to 235,000
+dlrs, or nine cts per share, from 485,000 dlrs, or 18 cts,
+reported previously due to the failure of an automated
+accounting system installed in mid-year and replaced in the
+fourth quarter.
+    The company said its Reliance segment sustained a
+significant operating loss for the full year 1986 due to the
+accounting problems and increased promotional and advertising
+expenses.  For the full year, it said it earned 284,000 dlrs,
+or 10 cts a share, up from 271,000 dlrs, or 10 cts, in 1985.
+    Cardinal Industries said revenues for the year were 30.7
+mln dlrs, up from 23.0 mln dlrs in 1985.
+    The company said for the first quarter of 1987, earnings
+were about 48,000 dlrs, up from 13,000 dlrs or nil per share in
+the year ago period.  The year-ago first quarter earnings,
+however, have been restated from 101,000 dlrs or four cts per
+share.  It said sales for the first quarter were about
+8,363,000 dlrs, up from 6,636,000 dlrs.
+    For the first half of 1986, the company said it restated
+earnings to 141,000 dlrs or five cts per share from 340,000
+dlrs or 12 cts per share reported previously.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2640" NEWID="13657">
+<DATE> 7-APR-1987 08:44:04.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>west-germany</D><D>uk</D><D>uk</D><D>canada</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0652&#31;reute
+u f BC-TREASURY'S-BAKER-TO-H   04-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER TO HOLD TALKS ON ECONOMIC GROWTH</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+holds talks with counterparts from Europe and Japan today, to
+urge them to carry out commitments in a recent accord to speed
+their economic growth.
+    Baker is also expected to outline proposals for making
+agreements to coordinate economic policies more binding.
+    The bilateral discussions foreshadow full-blown talks of
+the Group of Five industrial countries joined later by Italy
+and Canada to form the Group of Seven.
+    The five comprise finance ministers and central bankers of
+the United States, Japan, West Germany, France and Britain.
+    The Treasury Secretary is expected to see Japanese Finance
+Minister Kiichi Miyazawa, West German Finance Minister Gerhard
+Stoltenberg and British Chancellor of the Exchequer Nigel
+Lawson.
+    Baker and other finance ministers say they intend to
+reaffirm the Paris Agreement to buttress global economic
+growth, reduce trade imbalances and stabilize currencies.
+    Monetary sources said a short communique to that effect is
+expected after the meeting ends.
+    These talks form part of this week's semi-annual meetings
+of the International Monetary Fund and the World Bank.
+    At the same time, monetary sources say they expect Baker to
+put forward proposals, originally outlined at the 1986 Tokyo
+Summit, to tighten procedures for policy coordination.
+    Washington wants other major nations to establish specific
+policy goals for economic growth, inflation, current account
+balance of payments, trade balances, budget performance,
+monetary conditions and currencies.
+    If actual economic performance veers sharply away from such
+objectives, then countries should consult on whether corrective
+action is necessary, the proposal says.
+    Monetary sources said there was some support for the
+proposal, which may not be made final until the Venice Economic
+Summit in June, but Britain and West Germany were firmly
+against any attempt to make corrective action automatic.
+    The U.S. Treasury team, led by Baker, has worked on this
+plan since last September, when it won the support of France.
+    Baker, meanwhile, will press Japan and West Germany to live
+up to their commitments, made over six weeks ago in Paris, to
+boost their domestic demand to absorb more imports.
+    He is also expected to reassure his counterparts that the
+Reagan administration will reach agreement with Congress on a
+significant budget deficit cut this year, helping to depress
+U.S. demand for imports.
+    The aim of the Paris Accord is to redress the huge
+imbalance between the trade surpluses of Tokyo and Bonn on the
+one hand, and Washington's massive trade deficit on the other.
+    Japan, in particular, is under pressure to come up with a
+meaningful stimulus package or face a further rise in the yen.
+    Financial markets appear to believe the yen should go
+higher against the dollar, a development that has become
+unacceptable in Japan.
+    The Paris Agreement, by the United States, Japan, West
+Germany, France, Britain and Canada, called for currencies to
+be stabilized around current levels.
+    But the dollar fell again just several weeks after the
+agreement was reached, and its present stability is said to be
+temporary as dealers await the outcome of this week's talks.
+    Meanwhile, representatives of the leading Third World
+countries continue preparing their position for their ministers
+to present to industrial nations later this week.
+    Monetary sources said the so-called Group of 24 developing
+nations are preparing a very tough communique which brands the
+western strategy for shoring up the debt strategy as a failure.
+    They call instead for vast new assistance from the
+industrial world and a much greater role for the International
+Monetary Fund and the World Bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2641" NEWID="13658">
+<DATE> 7-APR-1987 08:49:14.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f0662&#31;reute
+u f BC-ny-aluminum-off-vol   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMEX ALUMINUM OFFICIAL VOLUME FOR APRIL 6
+ APL    0
+ MAY    5
+ JNE    0
+ JLY    2
+ SEP    3
+ OCT    0
+ DEC    0
+ Total 10
+  
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2642" NEWID="13659">
+<DATE> 7-APR-1987 08:50:02.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0663&#31;reute
+r f BC-MICHIGAN-GENERAL-&lt;MGL   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICHIGAN GENERAL &lt;MGL> GETS OFFER COMMITMENTS</TITLE>
+<DATELINE>    SADDLE BROOK, N.J., April 7 - </DATELINE><BODY>Michigan General Corp said
+holders of 75 pct of its outstanding 10-3/4 pct senior
+subordinated debentures due December 1, 1998, have indicated
+their intention to tender under the company's current exchange
+offer and to reach an agreement with the company.
+    It said it hopes to conclude negotiations with the
+debenture holders and its lenders and to conclude the exchange
+offer as soon as possible.
+    Michigan General in March had said that the exchange offer
+would be conditioned on 90 pct acceptance and on its lender
+waiving or providing relief from loan agreement defaults.
+    Michigan General had also said that the offer would be
+conditioned on ratification of amendments to the indenture
+governing the 10.75 pct debentures by holders of two thirds of
+the issue.
+    It had said that if the offer and talks with its lender did
+not succeed, it would probably have to file for bankruptcy law
+protection.
+    Michigan General is offering to exchange 500 dlrs of
+increasing rate senior subordinated notes due March 1, 1992,
+200 dlrs of non-interest bearing delayed convertible senior
+subordinated notes due March 1, 1997 and 2 shares of two dlr
+delayed convertible preferred stock with a liquidation value of
+25 dlrs a share for each 1,000 dlrs of the debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2643" NEWID="13660">
+<DATE> 7-APR-1987 08:50:44.28</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0664&#31;reute
+r f BC-EGYPTIAN-CENTRAL-BANK   04-07 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPTIAN CENTRAL BANK DOLLAR RATE UNCHANGED</TITLE>
+<DATELINE>    CAIRO, April 7 - </DATELINE><BODY>Egypt's Central Bak left the dollar rate
+for Commercial banks for April 8 unchanged at 1.353/67 pounds.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2644" NEWID="13661">
+<DATE> 7-APR-1987 08:51:54.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f0666&#31;reute
+u f BC-ny-copper-off-vol   04-07 0040</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMEX COPPER OFFICIAL VOLUME FOR APRIL 6
+ APL     0
+ MAY  3406
+ Jne     0
+ Jly  1812
+ SEP   155
+ DEC   112
+ JAN     0
+ MCH    77
+ MAY    13
+ JLy     0
+ SEP     0
+ DEC     0  JAN 0
+Total  6,634 TOTAL SWITCHES 1059
+ (VOL INCLUDED IN MONTHS)
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2645" NEWID="13662">
+<DATE> 7-APR-1987 08:53:49.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V F
+&#22;&#22;&#1;f0669&#31;reute
+u f BC-WALL-STREET-STOCKS-OU   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS OUTLOOK</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Stock prices may climb higher today,
+riding a two-day advance that saw the Dow Industrials climb 85
+points, analysts said. But they cautioned that the market is
+due for a pause after such a strong climb and could move into a
+short term consolidation today as well.
+    Yesterday, the Dow Jones Industrial average closed above
+the 2400 mark for the first time ever. Special situations,
+airlines and a strong bond market helped push the average up 15
+points to end the day at 2406. Gainers led losers by seven-six
+on the Big Board, while volume slid slightly to 175 mln shares
+from 213 mln shares last Friday.
+    "I think we'll get a day that will be, on balance,
+positive, but not any record setter," Thom Brown of Butcher and
+Singer said.
+    Brown said that the market needs a pause before any
+stronger advance. "We need a bit of consolidation here," he
+said. "Eighty-five points is just too much, too soon."
+    Brown added that the market probably will not pay much
+attention to the February consumer credit number being released
+today. "The market's been ignoring fundamentals," he said.
+    "I don't see any problems with the Blue Chips easing higher
+today," Chris Callies of Dean Witter said. But she said the
+market may have some short term trouble in this 2400 area.
+"We're still in the midst of a correction" in the broad market,
+she said. "It's not entirely clear that this rally is the end
+of the two day correction that began last week."
+    In the newspapers -- The Wall Street Journal's Heard on the
+Street said some people feel that when Mesa Limited Partnership
+provided badly needed assets to NRM Energy in exchange for a
+large stake in the company the move may have turned NRM into a
+T. Boone Pickens investment fund.
+    The New York Times Market Place column said the first half
+hour of trading is becoming more important. That is the time
+when a large amount of important and growing investment from
+Japan and Europe enters the market. Indeed, the column said
+that a Salomon Brothers study shows that 44 pct of the market's
+total gain during the first two and a half months of this year
+came in the first half hour of trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2646" NEWID="13663">
+<DATE> 7-APR-1987 08:54:29.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0671&#31;reute
+u f BC-ACCU-WEATHER-HIGHLIGH   04-07 0063</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ACCU-WEATHER HIGHLIGHTS - APRIL 7
+    The storm that battered the eastern portion of the United
+States over the weekend with heavy snow and flooding rains will
+continue weakening today. Only lighter rains will linger from
+Pennsylvania through New England.
+    The drier weather will be welcome, as many streams and
+rivers are near or over their banks, especially in New England.
+    Significant rain has occurred the past two days in the
+coffee growing regions of Kenya.
+    Prior to Sunday, very dry weather had been occurring in the
+central and eastern portions of the coffee areas. However, 0.50
+to 2.00 inches and more rain occurred Sunday through Monday,
+helping to erase the moisture deficits that had built up.
+    The western coffee regions also shared in the ample rains
+of the past couple of days, but moisture supplies were already
+adequate.
+    Moisture supplies in most of the major wheat growing
+regions of the United States are currently adequate, despite
+dry weather the past week. However, there are a couple of
+pockets where rain would be welcome.
+    The wheat regions of Washington State have been rather dry
+since the beginning of the year, as less than 65 pct of normal
+precipitation has been recorded. Also, the past few weeks have
+been extremely dry.
+    The wheat areas of Minnesota and eastern North Dakota could
+also use rain the next few weeks, before spring planting begins.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2647" NEWID="13664">
+<DATE> 7-APR-1987 08:56:32.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f0676&#31;reute
+u f BC-ny-gold-off-vol   04-07 0034</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMEX GOLD OFFICIAL VOLUME FOR APRIL 6
+ Apl   447
+ MAY     0
+ Jne 32005
+ AUG   696
+ OCT   125
+ DEC   359
+ FEB   115
+ APL    14
+ JUN   204
+ AUG   762
+ OCT  1157
+ DEC   527
+ TOTAL 36,411
+               
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2648" NEWID="13665">
+<DATE> 7-APR-1987 08:57:59.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0678&#31;reute
+b f BC-ny-comms-opg-f'cast   04-07 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. COMMODITY OPENING FORECASTS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Commodity traders expect the futures
+markets to open as follows based on current London values:
+    Gold - 1.50 to 2.00 dlrs higher
+    Silver - 15.0 to 20.0 cents higher
+    Platinum - 4.00 to 6.00 dlrs higher
+    Palladium - 1.00 to 2.00 dlrs higher
+    Copper - 0.20 to 0.30 cent higher
+    Aluminum - unchanged to 0.10 cent higher
+    World sugar - 0.07 to 0.10 cent lower
+    Cocoa - 10 to 15 dlrs lower
+    Coffee - little changed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2649" NEWID="13666">
+<DATE> 7-APR-1987 08:58:22.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0679&#31;reute
+u f BC-IRAQ-SAYS-IRAN-OFFENS   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IRAN OFFENSIVE ON SOUTHERN FRONT CHECKED</TITLE>
+<DATELINE>    BAGHDAD, April 7 - </DATELINE><BODY>Iraq said today its troops had killed
+thousands of Iranians in checking a new Tehran offensive on
+their southern war front.
+    The official Iraqi news agency INA quoted a correspondent
+in the field as saying Baghdad's forces were pursuing
+retreating Iranian troops.
+    The agency said the al-Ghadeer Brigade of the Iranian
+Revolutionary Guards and the 21st Brigade had been destroyed in
+the fighting.
+    The INA correspondent said Iraqi troops had surrounded the
+Iranians after the overnight attack was launched.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2650" NEWID="13667">
+<DATE> 7-APR-1987 08:58:31.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0680&#31;reute
+u f BC-DOLLAR-FIXED-SLIGHTLY   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR FIXED SLIGHTLY FIRMER IN PARIS</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>The dollar was fixed slightly above its
+opening levels in moderately active trading, dealers said.
+    The dollar was fixed at 6.0620 francs after an early
+6.0565/90 and a late 6.0710/30 range yesterday, with dealers
+unable to pinpoint any specific reason for the slight rise.
+    However, the dollar was expected to remain in a narrow
+trading range ahead of the Washington monetary talks.
+    The mark was fixed at 332.70 francs per 100, after an early
+332.72/75 against last night's late 332.70/72 range.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2651" NEWID="13668">
+<DATE> 7-APR-1987 08:59:04.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0681&#31;reute
+b f BC-ny-gold-pre-opg   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMEX GOLD FUTURES EXPECTED TO OPEN HIGHER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex gold futures are expected to open
+1.50 to 2.00 dlrs higher following London gold.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2652" NEWID="13669">
+<DATE> 7-APR-1987 08:59:10.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0682&#31;reute
+b f BC-ny-silver-pre-opg   04-07 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMEX SILVER FUTURES EXPECTED SHARPLY HIGHER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex silver futures are expected to
+open 15.0 to 20.0 cents higher following London silver prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2653" NEWID="13670">
+<DATE> 7-APR-1987 08:59:20.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0683&#31;reute
+u f BC-LME-COPPER-MIDSESSION   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME COPPER MIDSESSION FEATURES CASH PRICING</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>LME morning ring dealings in copper ended
+with three months Grade A business at 883 stg per tonne, up
+seven stg from yesterday's afternoon kerb close, equivalent to
+1,417 dlrs per tonne, a rise of 11 dlrs.
+    Morning ring dealings featured a wave of cash pricing
+purchases near the official close which established an
+indicated spread backwardation of 37 stg after earlier
+borrowing at a premium of 32 stg, unchanged from yesterday
+afternoon, traders said.
+    Forward values extended pre-market gains, despite currency
+factors, with short covering and some chart support evident.
+    Ring dealings also included options-linked borrowing
+interest from end April dates for one month at a backwardation
+of 23 stg.
+    Analysts said the 870 stg area appears to have provided a
+minor chart support base, although upside potential remains
+limited against a background of routine physical demand and a
+buoyant U.K. Currency.
+    On the pre-market, activity was mainly dollar-based and
+within the range 1,408 to 1,411 dlrs per tonne, traders said.
+    Standard grade retained a spread backwardation of 10 stg
+but was tradeless.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2654" NEWID="13671">
+<DATE> 7-APR-1987 08:59:31.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0684&#31;reute
+r f AM-ITALY   04-07 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN GOVERNMENT EXPECTED TO FALL TOMORROW</TITLE>
+<DATELINE>    ROME, April 7 - </DATELINE><BODY>Italy's government is expected to fall
+tomorrow after the majority Christian Democrats decided to
+withdraw their 16 ministers unless Socialist Prime Minister
+Bettino Craxi resigned, political sources said today.
+    They said the decision brought the prospect of early
+general elections even closer.
+    After a tense eight-hour meeting, the Christian Democrat
+leadership late last night said it registered "the dissolution
+of the present government," in which the party provides more
+than half the 30 ministers.
+    Party leader Ciriaco De Mita told reporters that when Craxi
+went to parliament for a confidence debate. "There won't be a
+Craxi government any more ... I don't believe you can have a
+confidence vote for a government which does not exist."
+    Craxi announced today after being told of the Christian
+Democrat decision that a cabinet meeting would be held tomorrow
+afternoon and he would then go to the Senate (upper house).
+    The sources said that at the cabinet meeting the Christian
+Democrats, senior partners in a coalition including Social
+Democrats, Liberals and Republicans as well as the Socialists,
+would tell Craxi he had to resign.
+    If he refused to do so and insisted on a full debate they
+would withdraw their ministers, forcing the collapse of the
+government before a confidence vote, the sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2655" NEWID="13672">
+<DATE> 7-APR-1987 08:59:53.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f0686&#31;reute
+u f BC-ny-silver-off-vol   04-07 0033</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMEX SILVER OFFICIAL VOLUME FOR APRIL 6
+ APL     0
+ May 28932
+ Jne     9
+ JLY  6188
+ SEP   737
+ DEC  1151
+ JAN     1
+ MCH    78
+ MAY   691
+ JLY  1016
+ SEP   662
+ DEC    85
+ Jan     0
+Total 39,530
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2656" NEWID="13673">
+<DATE> 7-APR-1987 09:00:06.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0687&#31;reute
+u f BC-SIOUX-CITY-CATTLE-SEE   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX CITY CATTLE SEEN UP 0.50-1.00 DLR-PRIVATE</TITLE>
+<DATELINE>    Sioux City, April 7 - Sunny/34 degrees - </DATELINE><BODY>Cattle prices
+expected 0.50 to 1.00 dlr higher on estimated receipts of 900
+head, private sources said. Steer top seen at 67.00 to 67.50
+and Heifers at 66.00 dlrs.
+    Sources expect support from good buyer demand influenced by
+higher trending wholesale carcass beef.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2657" NEWID="13674">
+<DATE> 7-APR-1987 09:00:21.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0689&#31;reute
+u f BC-SIOUX-CITY-HOGS-SEEN   04-07 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX CITY HOGS SEEN UP 0.50 DLR - PRIVATE</TITLE>
+<DATELINE>    Sioux City, April 7 - Sunny/34 degrees - </DATELINE><BODY>Hog prices
+expected 0.50 dlr higher on estimated receipts of 3,200 head,
+private sources said. Top seen at 51.00 dlrs per cwt.
+    Sources cited higher cut-out values late yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2658" NEWID="13675">
+<DATE> 7-APR-1987 09:00:44.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0690&#31;reute
+b f BC-ny-copper-pre-opg   04-07 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMEX COPPER FUTURES EXPECTED TO OPEN HIGHER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex copper futures are expected to
+open 0.20 to 0.30 cent higher based on London copper prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2659" NEWID="13676">
+<DATE> 7-APR-1987 09:01:43.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0692&#31;reute
+u f BC-LME-LEAD-MIDSESSION-F   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME LEAD MIDSESSION FIRMER ON CASH METAL DEMAND</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Trade house pricing purchases of cash
+metal at the end of the official ring gave the LME lead market
+a firmer tone this morning, dealers said.
+    The cash metal price rose from 805.50 up to 807 stg before
+the pricing demand was satisfied. The backwardation widened to
+around six stg a tonne from three stg yesterday.
+    Some buying interest was stimulated for three months
+delivery up to 301 stg and the 483 dlrs equivalent but dealers
+generally reckoned this was "range trading' and expected
+resistance to develop around 305 stg or 485 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2660" NEWID="13677">
+<DATE> 7-APR-1987 09:01:48.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f0693&#31;reute
+b f BC-LONDON-DOLLAR-FLUCTUA   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DOLLAR FLUCTUATIONS 1400 - APRIL 7
+ STG 1.6195/6205
+ DMK 1.8220/30
+ SFR 1.5110/20
+ DFL 2.0555/65
+ FFR 6.0600/50
+ YEN 145.10/20
+ LIT 1297/1299
+ BFC 37.73/76
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2661" NEWID="13678">
+<DATE> 7-APR-1987 09:03:13.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0696&#31;reute
+r f BC-WEST-GERMAN-METALS--   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+WEST GERMAN METALS - APRIL 7 copper basis lme settlement high
+grade del notiz                  276.48/277.95 lead in cables
+99.94 pct     98.50/99.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2662" NEWID="13679">
+<DATE> 7-APR-1987 09:03:24.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0697&#31;reute
+u f BC-LONDON-PLATINUM-FREE   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON PLATINUM FREE MARKET - APR 7
+    At 1400 hours dealers indicated London free market Platinum
+in a range of 565.50 567.00 dlrs per troy ounce.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2663" NEWID="13680">
+<DATE> 7-APR-1987 09:03:52.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f0698&#31;reute
+u f BC-QT8494   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ODD LOT SALES FOR APR 6
+ Customer purchases 480,699
+ Short sales          1,997
+ Other sales        724,486
+ Total sales        726,483
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2664" NEWID="13681">
+<DATE> 7-APR-1987 09:04:07.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0699&#31;reute
+b f BC-FRENCH-COPPER---APR-7   04-07 0009</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FRENCH COPPER - APR 7
+ Cathodes 932 francs per 100 kilos.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2665" NEWID="13682">
+<DATE> 7-APR-1987 09:06:16.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f0700&#31;reute
+u f BC-cash-beef/pork-prices   04-07 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASH WHOLESALE BEEF PRICES</TITLE>
+<DATELINE> FOB RIVER - </DATELINE><BODY>CLOSE      APRIL 6
+        CENTS PER LB   CHANGE
+ CHOICE STEERS
+ YIELD GRADE 3
+ 600/700  unquoted
+ 700/800  unquoted
+ 800/900  unquoted
+ CHOICE HEIFERS
+ 500/550  88A          unch
+ 550/700  93-95        unch
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2666" NEWID="13683">
+<DATE> 7-APR-1987 09:06:31.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f0701&#31;reute
+u f BC-cash-ham/loin-prices   04-07 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASH WHOLESALE PORK PRICES</TITLE>
+<DATELINE> FOB RIVER - </DATELINE><BODY>CLOSE      APRIL 6
+        CENTS PER LB    CHANGE
+ BELLIES
+ 12-14  60              up 1 to up 2
+ 14-16  60              up 1
+ 16-18  57              unch
+ HAMS
+ 14-17  78-1/2          unch
+ 17-20  84              up 1-1/2
+ LOINS
+ 14-18  98              unch
+ 18-22  96              unch
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2667" NEWID="13684">
+<DATE> 7-APR-1987 09:06:54.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0702&#31;reute
+u f BC-SIOUX-FALLS-HOGS-SEEN   04-07 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX FALLS HOGS SEEN UP 0.50 DLR - PRIVATE</TITLE>
+<DATELINE>    Sioux Falls, April 7 - Clear/calm/43 degrees - </DATELINE><BODY>Hog prices
+are expected 0.50 dlr higher on estimated receipts of 3,000
+head, private sources said. Top seen at 51.00 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2668" NEWID="13685">
+<DATE> 7-APR-1987 09:07:17.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0704&#31;reute
+u f BC-SIOUX-FALLS-CATTLE-SE   04-07 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX FALLS CATTLE SEEN UP 0.50 DLR - PRIVATE</TITLE>
+<DATELINE>    Sioux Falls, April 7 - Clear/calm/43 degrees - </DATELINE><BODY>Cattle
+prices are expected 0.50 dlr higher on estimated receipts of
+1,200 head, private sources said. Steer top 67.50 and Heifers
+at 66.00 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2669" NEWID="13686">
+<DATE> 7-APR-1987 09:07:39.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0705&#31;reute
+u f BC-LME-ZINC-MIDSESSION-S   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME ZINC MIDSESSION SLIGHTLY EASIER</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>LME zinc was quiet throughout the morning
+with very little dealing after some light trade selling on the
+pre-market, dealers said.
+    Three months delivery ended official ring dealings quoted
+at 454.50/455 stg a tonne, down around two stg from yesterday
+afternoon's kerb close.
+    The pre-market dollar based trade selling pushed three
+months down to a 730 dlrs equivalent but attracted no follow
+through selling and the price held at that level for the rest
+of the morning.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2670" NEWID="13687">
+<DATE> 7-APR-1987 09:08:18.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f0707&#31;reute
+u f BC-ny-comex-w'hse-stocks   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. COMEX METALS WAREHOUSE STOCKS - APRIL 7</TITLE>
+<DATELINE> SILVER - </DATELINE><BODY>total 156,708,754 off 323,664.   Chase Manhattan
+30,034,873 unch, Citibank 61,107,328,
+ off 340,082 Iron Mountain 25,980,352 unch,        Irving 
+Trust. 1,316,184. unch, Republic. Natl
+ 33,008,542 up 16,418, Swiss.Bank. 5,261,475 unch.
+ COPPER total  96,547 off 667.   Port of New York 6,468 unch,
+New  Haven 4,351 off 605,
+ Stratford Conn 785 unch,  Camden N.J. 62 unch, Reading.
+ Pa.  13 unch, Phila nil nil, Balt 12 unch, Chicago 362 unch,  
+E. ST Louis 991 off 37, St Louis 38 unch, New Orleans.
+ 464 off 25, Amarillo Texas 10,907 unch,  El Paso Tex.
+ 45,406 unch, Demming, N Mex 10,077 unch, Tacoma.  Wash.  unch.
+ GOLD - total 2,763,817 off 65,437.
+ Chase Manhattan 728,239 off 64,533 Citibank
+ 1,419,438 off 904, Iron  Mountain 270,748 unch,
+ Irving Trust 1,949. unch,  Republic National 174,396  unch,
+Swiss Bank 169,047 unch.      ALUMINUM - total  8,627 off 20. 
+Charlotte N.C. nil unch, New Haven 0 unch, New Orleans 734  off
+20, Seattle nil unch, Tacoma Wash  885 unch.    Vancouver,Wash 
+7,008 unch.     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2671" NEWID="13688">
+<DATE> 7-APR-1987 09:08:50.25</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0708&#31;reute
+u f BC-BRAZIL-SEAMEN'S-STRIK   04-07 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SEAMEN'S STRIKE ENDS</TITLE>
+<DATELINE>    SAO PAULO, April 7 - </DATELINE><BODY>A Brazilian seamen's strike, which
+began on February 27 and has been tapering off for weeks, has
+now ended, a seamen's spokesman said.
+    The spokesman said the seamen had signed an agreement with
+the state-owned Lloyd Brasileiro company on Saturday for a 120
+pct salary rise.
+    The national strike had been tailing off since mid-March as
+seamen struck individual accords with companies. At the height
+of the stoppage, seamen said about 200 ships were strike-bound.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2672" NEWID="13689">
+<DATE> 7-APR-1987 09:09:09.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0709&#31;reute
+d f BC-OLIVETTI-TO-ANNOUNCE   04-07 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIVETTI TO ANNOUNCE NEW COMPUTER LINE IN JUNE</TITLE>
+<DATELINE>    Milan, April 7 - </DATELINE><BODY>Ing. C. Olivetti EC Spa &lt;OLIV.MI> plans to
+announce a new line of computer products in June, company
+chairman Carlo De Benedetti said at a news conference.
+    De Benedetti said the new products would include personal
+computers and would compete with the new computers announced
+last week by International Business Machines Corp &lt;IBM>.
+    De Benedetti reiterated that Olivetti's provisional figures
+show that 1986 turnover rose 1160 billion lire to 7,300 billion
+lire and that net profit will be more than 550 billion lire
+compared with 503.7 billion the year before.
+    "This year will be a year of consolidation of the results
+reached thus far and characterized by an important renewal of
+the product line and the turnaround of Triumph Adler," he said.
+    Olivetti acquired West German typewriter maker &lt;Triumph
+Adler> from Volkswagen AG &lt;VOWG.F> last year . As part of the
+deal, VW bought a five pct stake in Olivetti. De Benedetti
+added that Olivetti would continue to seek international
+alliances.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2673" NEWID="13690">
+<DATE> 7-APR-1987 09:09:43.35</DATE>
+<TOPICS><D>gold</D><D>reserves</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0710&#31;reute
+b f BC-SOUTH-AFRICAN-GOLD-HO   04-07 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICAN GOLD HOLDINGS RISE IN MARCH</TITLE>
+<DATELINE>    PRETORIA, April 7 - </DATELINE><BODY>South African gold holdings rose 172.56
+mln rand to 4.17 billion rand in March after rising 39 mln rand
+to 4.0 billion rand in February, Reserve Bank figures show.
+    In volume terms gold holdings rose to 5.51 mln ounces in
+March from 5.26 mln ounces in February, valued at 757.24 rand
+an ounce for March versus 754.59 rand an ounce for February.
+    Total gold and foreign assets rose to 6.30 billion rand
+from 6.22 billion, of which the gold content increased to 66.22
+pct from 64.3 pct.
+    Foreign bills remained at zero in March while investments
+fell slightly to 105.69 mln rand from February's 106.56 mln
+rand and other assets to 2.02 billion rand from 2.11 billion,
+the figures showed.
+    Total liabilities fell to 12.21 billion rand in March after
+rising to 13.62 billion in February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2674" NEWID="13691">
+<DATE> 7-APR-1987 09:10:03.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0712&#31;reute
+u f BC-OMAHA-CATTLE-SEEN-STE   04-07 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMAHA CATTLE SEEN STEADY/UP 0.50 DLR - PRIVATE</TITLE>
+<DATELINE>    Omaha, April 7 - Clear/45 degrees - </DATELINE><BODY>Cattle prices are
+expected to range from steady to 0.50 dlr higher on estimated
+receipts of 2,700 head, private sources said. Steer top seen at
+68.00 and Heifers at 66.50 dlrs.
+    Sources said death losses that were reported in part of the
+high plains areas were causing concern in the industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2675" NEWID="13692">
+<DATE> 7-APR-1987 09:12:02.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0715&#31;reute
+r f BC-WORLD-HIGHLIGHTS   04-07 0466</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BC-WORLD-HIGHLIGHTS</TITLE>
+ REUTER WORLD NEWS HIGHLIGHTS 1300 GMT APRIL 7
+<DATELINE>    BAHRAIN - </DATELINE><BODY>Iran reported launching a new offensive east of
+Iraq's southern city of Basra, while Baghdad said its forces
+had repulsed the attack, killing thousands of Iranians.
+    - - - -
+    BEIRUT - Rescue workers planned to evacuate wounded from
+Palestinian refugee settlements in Beirut in a bid to relieve
+the plight of the besieged community, Palestinian sources said.
+     - - - -
+    CAIRO - Egypt's opposition charged that yesterday's general
+election was rigged, as early results showed President Hosni
+Mubarak's ruling National Democratic Party (NDP) heading for a
+big majority in Parliament.
+     - - - -
+    ZEEBRUGGE, Belgium - A stricken British car ferry, in which
+up to 140 bodies could still be trapped, rose slowly from the
+North Sea in a mammoth salvage operation off the coast.
+     - - - -
+    BUENOS AIRES - Pope John Paul, starting a one-week tour of
+Argentina, told politicians they should always defend human
+rights and that even in difficult situations no government had
+a right to respond to violence with violence.
+    - - - -
+    TOKYO - Japan's ruling Liberal Democratic Party outlined a
+package of economic measures, under mounting protectionist
+pressure from the United States. Meanwhile, visiting British
+Corporate Affairs Minister Michael Howard told Japan to resolve
+a telecommunications row with his country or face an abrupt
+deterioration in trading relations.
+     - - - -
+    MANILA - Communist rebels said they had destroyed a vital
+military communications station in the Northern Philippines and
+an army spokesman said seven rebels were killed in a gun battle
+in the southern region.
+     - - - -
+    BELFAST - Mourners clashed with police at an Irish
+Republican Army (IRA) funeral in Northern Ireland, prisoners
+rioted in a high-security jail and guerrillas attacked security
+bases.
+     - - - -
+    FREETOWN, Sierra Leone - Sierra Leone's former
+vice-president Francis Minah, sacked two weeks after a failed
+coup, has been detained on suspicion of involvement in the
+plot, police sources said.
+     - - - -
+    BELGRADE - Over 2,000 Yugoslav firms with almost 600,000
+workers are heading for bankruptcy, a trade union chief said.
+Newspapers quoted union leaders as saying recent strikes would
+be aggravated when the authorities force loss-making companies
+to shut down.
+     - - - -
+    BRUNSWICK, West Germany - A former chief of foreign
+exchange at Volkswagen has been arrested in connection with a
+scandal which may have cost the carmaker millions of dollars,
+the chief state prosecutor said.
+     - - - -
+    NEW DELHI - Hindus staged their biggest-ever rally in Delhi
+to press their claim against India's Moslem minority for
+control of a shrine disputed by the two faiths.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2676" NEWID="13693">
+<DATE> 7-APR-1987 09:12:09.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ MQ FQ EQ
+&#22;&#22;&#1;f0716&#31;reute
+u f BC-NY-COMEX-GOLD-OPG-TRE   04-07 0068</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX GOLD OPG TRENDS 7-APR
+          OPEN      P SETT
+ APR7 4205            4185
+ MAY7  --             4202
+ JUN7 4250            4226
+ AUG7 4300            4273
+ OCT7 4340            4317
+ DEC7 4373            4361
+ FEB8 4430            4407
+ APR8  --             4453
+ JUN8  --             4498
+ AUG8  --             4546
+ OCT8  --             4595
+ DEC8  --             4644
+ FEB9  --             4692
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2677" NEWID="13694">
+<DATE> 7-APR-1987 09:12:12.87</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f0717&#31;reute
+u f BC-magma-copper-price   04-07 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGMA RAISES COPPER PRICE 0.50 CT TO 66.00 CTS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Magma Copper Co, a subsidiary of
+Newmont Mining Corp, said it is raising its copper cathode
+price by 0.50 cent to 66.00 cents a lb, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2678" NEWID="13695">
+<DATE> 7-APR-1987 09:14:47.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0721&#31;reute
+b f BC-******INTERCO-INC-4TH   04-07 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>INTERCO INC 4TH QTR SHR 99 CTS VS 97 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2679" NEWID="13696">
+<DATE> 7-APR-1987 09:15:43.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0722&#31;reute
+r f BC-USSR-EXCHANGE-RATES--   04-07 0146</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+USSR EXCHANGE RATES - SOVIET STATE BANK EFFECTIVE APRIL 1, 1987
+ROUBLES PER HUNDRED UNLESS STATED U.S.                  63.60  
+ (64.07) STG                  102.56   (103.41) BFR (1,000)    
+      17.01    (16.99) DMK                   35.43    (35.24)
+DFL                   31.20    (31.18) LIT (10,000)          
+4.94     (4.96) CAN                   48.79    (49.04) DKR     
+              9.32     (9.35) NKR                    9.34    
+(9.30) FFR                   10.59    (10.57) SKR              
+    10.06    (10.07) SFR                   42.33    (42.05) YEN
+(1,000)            4.34     (4.25) AUS SCH                5.01 
+   (UNCH) AUS DLR               44.77    (43.89) PAK RUP       
+        3.74     (UNCH) IND RUP                5.10     (UNCH)
+IRN RYL                0.88     (UNCH) LIB DIN (ONE)         
+2.09     (UNCH) MRC DRHM               7.78     (UNCH)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2680" NEWID="13697">
+<DATE> 7-APR-1987 09:16:38.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0724&#31;reute
+u f BC-U.S.-FEEDER-STEER-PRI   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FEEDER STEER PRICE</TITLE>
+<DATELINE>    Chicago, April 7 - </DATELINE><BODY>The U.S. Feeder Steer Price, or USFSP,
+as posted by the CME is calculated by Cattle Fax and represents
+the price used for cash settlement of the CME Feeder Cattle
+contract.
+    The USFSP is a seven-calendar-day average of feeder steer
+prices from 27 states, based on auction and direct country
+sales for feeder steers that weigh between 600 and 800 lbs and
+are estimated to grade between 60 and 80 pct choice when fed to
+slaughter weight.
+    April 5         Previous quote
+    69.35             69.25
+    April 3
+    69.32
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2681" NEWID="13698">
+<DATE> 7-APR-1987 09:16:47.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f0725&#31;reute
+u f BC-NYMEX-PLATINUM-OPG-TR   04-07 0042</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX PLATINUM OPG TRENDS 7-APR
+            OPEN   P SETT
+ APR7 5670L 5680H   5629
+ MAY7  --            --
+ JUN7  --           5663
+ JUL7 5730L 5740H   5686
+ OCT7 5785L 5790H   5728
+ JAN8 5820B 5830A   5771
+ APR8 5890          5816
+ JUL8 5900B 5950A   5866
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2682" NEWID="13699">
+<DATE> 7-APR-1987 09:16:53.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0726&#31;reute
+u f BC-ZURICH-GOLD-1515---AP   04-07 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH GOLD 1515 - APRIL 7 pool 419.00-422.00 (418.50-421.50 at
+1415) interbank 420.00-420.50 (420.00-420.50 at 1415)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2683" NEWID="13700">
+<DATE> 7-APR-1987 09:17:05.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f0727&#31;reute
+u f BC-NYMEX-PALLADIUM-OPG-T   04-07 0040</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX PALLADIUM OPG TRENDS 7-APR
+         OPEN        P SETT
+ APR7   --            13030
+ MAY7   --
+ JUN7 13050L 13125H   13030
+ SEP7 13100L 13125H   13005
+ DEC7 13110           12980
+ MAR8 13025B 13125A   12980
+ JUN8 13025B 13100A   12980
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2684" NEWID="13701">
+<DATE> 7-APR-1987 09:17:30.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ MQ
+&#22;&#22;&#1;f0728&#31;reute
+u f BC-NY-COMEX-SILVER-OPG-T   04-07 0068</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX SILVER OPG TRENDS 7-APR
+          OPEN      P SETT
+ APR7  --             6548
+ MAY7 6730            6580
+ JUN7  --             6617
+ JUL7 6840            6654
+ SEP7 6910            6730
+ DEC7 7010            6838
+ JAN8  --             6876
+ MAR8 7130            6946
+ MAY8 7210            7025
+ JUL8 7280            7109
+ SEP8 7400            7194
+ DEC8 7540            7327
+ JAN9  --             7373
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2685" NEWID="13702">
+<DATE> 7-APR-1987 09:18:09.75</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0729&#31;reute
+r f BC-KANEB-ENERGY-&lt;KEP>-SA   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANEB ENERGY &lt;KEP> SAYS JURY RULES FOR IT</TITLE>
+<DATELINE>    HOUSTON, April 7 - </DATELINE><BODY>Kaneb Energy Partners Ltd, 82 pct owned
+by Kaneb Services Inc &lt;KAB>, said a juiry in Circuit Court of
+Tuscaloosa County, Ala., has ruled in its favor and that of Jim
+Walter Corp &lt;JWC> against Sonat Inc &lt;SNT> in a dispute over a
+natural gas sales contract.
+    The company said the suit was filed seekiong to enforce
+Sonat's obligations under the contract to pay for methane gas
+produced by the Brookwood Coal Degasificiation Project in the
+Black Warrior Basin of Alabama, which is equally owned by Kaneb
+and Jim Walter.
+    Kaneb said the jury awarded it and Jim Walter about 22 mln
+dlrs for required payments for deliveries through January 1987
+plus interest through March 16 -- the full amount sought -- and
+rejected Sonat's counterclaim of fraud.
+    It said the decision may be appealed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2686" NEWID="13703">
+<DATE> 7-APR-1987 09:18:34.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0731&#31;reute
+r f BC-RENT-A-CENTER-&lt;RENT>   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENT-A-CENTER &lt;RENT> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Rent-A-Center Inc is raising 35 mln
+dlrs via an offering of convertible subordinated debentures due
+2012 with a 5-3/4 pct coupon and par pricing, said sole manager
+Morgan Stanley and Co Inc.
+    The debentures are convertible into the company's common
+stock at 40.50 dlrs per share, representing a premium of 25.58
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the issue is rated Ba-3 by
+Moody's Investors Service Inc and BB-minus by Standard and
+Poor's Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2687" NEWID="13704">
+<DATE> 7-APR-1987 09:18:42.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0732&#31;reute
+r f BC-WHITTAKER-&lt;WKR>-COMPL   04-07 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITTAKER &lt;WKR> COMPLETES SALE OF MEDICAL UNIT</TITLE>
+<DATELINE>    LOS ANGELES, April 7 - </DATELINE><BODY>Whittaker Corp said it has completed
+the previously-announced sale of its wholly-oiwned Whittaker
+General Medical Corp subsidiary to R.A.B. Holdings Inc for
+undisclosed terms.
+    Whittaker General Medical has annual revenues of about 450
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2688" NEWID="13705">
+<DATE> 7-APR-1987 09:18:51.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f0733&#31;reute
+u f BC-cme-dely-intents   04-07 0020</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LIVE HOG DELIVERY INTENTIONS FOR April 7
+                DELIVERED  RECEIVED
+ Nil
+ Up to July 28, 1986, total to date nil
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2689" NEWID="13706">
+<DATE> 7-APR-1987 09:19:06.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0734&#31;reute
+r f BC-BIG-BEAR-&lt;BGBR>-FILES   04-07 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIG BEAR &lt;BGBR> FILES FOR SECONDARY OFFERING</TITLE>
+<DATELINE>    COLUMBUS, Ohio, April 7 - </DATELINE><BODY>Big Bear Inc said it has filed
+for a secondary offering of one mln of its common shares to be
+made by Odyssey Partners and Dover Fund Inc.
+    Lead underwriters are &lt;Goldman, Sachs and Co> and
+&lt;Oppenheimer and Co Inc>.
+    Underwriters have been granted an overallotment option for
+up to 150,000 more shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2690" NEWID="13707">
+<DATE> 7-APR-1987 09:19:13.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0735&#31;reute
+r f BC-WANG-&lt;WAN-B>-ADDS-ENT   04-07 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WANG &lt;WAN B> ADDS ENTRY-LEVEL TEMPEST UNITS</TITLE>
+<DATELINE>    LOWELL, Mass., April 7 - </DATELINE><BODY>Wang Laboratories Inc said it has
+added two entry-level 32-bit minicomputers to its TEMPEST
+systems product line.
+    It said the low-cost VS 5T and VS 6T, priced at 13,500 dlrs
+and 21,500 dlrs, respectively, maintain software and peripheral
+compatibility with all VS systems. The new systems can be
+configured both as standalone processors and as end-node
+systems in large distributed networks.
+    Wang also said it is introducing a 1/4-inch streaming
+caRtridge tape drive for system back-up and two SCSI-technology
+portable Winchester disk drives for increased security, greater
+capaicty and faster throughput.
+    It said the caRtridge tape dirve is priced at 4,000 dlrs.
+The new disk drives are priced at 9,000 dlrs for a 72MB model
+and 15,000 dlrs for a 145MB model.
+    The company said the new computers and storage devices,
+available in May, comply with the U.S. Government's NACSIM
+5100A specifications.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2691" NEWID="13708">
+<DATE> 7-APR-1987 09:19:25.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0737&#31;reute
+r f BC-STARTEL-&lt;STAS>-TO-HAV   04-07 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STARTEL &lt;STAS> TO HAVE LOSS, SALES DROP</TITLE>
+<DATELINE>    IRVINE, Calif., April 7 - </DATELINE><BODY>StarTel Corp said it expects to
+report a first quartter loss on a 25 to 30 pct revenue fall
+from the year-earlier 2,524,000 dlrs.
+    The company earned 64,000 dlrs in last year's first quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2692" NEWID="13709">
+<DATE> 7-APR-1987 09:19:31.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0738&#31;reute
+r f BC-DATRON-SYSTEMS-&lt;DTSI>   04-07 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATRON SYSTEMS &lt;DTSI> SEES LOWER YEAR NET</TITLE>
+<DATELINE>    SIMI VALLEY, Calif., April 7 - </DATELINE><BODY>Datron Systems Inc said it
+expects to report a falloff in earnings for the year ended
+March 31 of about 25 pct from fiscal 1986 levels.
+    In fiscal 1986, Datron earned 1,776,000 dlrs.
+    The company said new orders for the year just ended,
+however, rose 50 pct to 26 mln dlrs, bringing backlog at
+year-end to 19 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2693" NEWID="13710">
+<DATE> 7-APR-1987 09:19:33.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0739&#31;reute
+f f BC-******DATA-GENERAL-TO   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DATA GENERAL TO TAKE 18.2 MLN DLR PRETAX CHARGE TO REDEEM 150 MLN DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2694" NEWID="13711">
+<DATE> 7-APR-1987 09:20:23.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0740&#31;reute
+r f BC-ENTERRA-CORP-&lt;EN>-SEL   04-07 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTERRA CORP &lt;EN> SELLS TWO UNITS</TITLE>
+<DATELINE>    HOUSTON, April 7 - </DATELINE><BODY>Enterra Corp said it has completed the
+sale of its Hale Fire Pump co and Macomson Machine Co
+subsidiaries to a company formed by Los Angeles investment firm
+McBain, Rose Partners for about 27 mln dlrs in cash.
+    Both Hale and Macomson make fire pumps and related
+equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2695" NEWID="13712">
+<DATE> 7-APR-1987 09:20:35.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0741&#31;reute
+r f BC-VANCOUVER-EXCHANGE-MA   04-07 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VANCOUVER EXCHANGE MARCH VOLUME RISES</TITLE>
+<DATELINE>    VANCOUVER, April 7 - </DATELINE><BODY>Vancouver Stock Exchange said March
+volume was 479.2 mln shares, its highest monthly volume ever
+and up from 270.1 mln in March 1986, and share value was 679.1
+mln dlrs, up from 381.4 mln dlrs a year ago and second only to
+November 1980's 731.4 mln dlrs.
+    For the first quarter, it said volume was 1.2 billion
+shares, the largest ever for a quarter and up 38.7 pct from a
+year earlier, and share value was 1.6 billion dlrs, second only
+to 1.7 billion dlrs in the fourth quarter of 1980 and up 47 pct
+from last year's first quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2696" NEWID="13713">
+<DATE> 7-APR-1987 09:20:39.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0742&#31;reute
+r f BC-COMPAQ-COMPUTER-&lt;CPQ>   04-07 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPAQ COMPUTER &lt;CPQ> COFOUNDER LEAVING</TITLE>
+<DATELINE>    HOUSTON, April 7 - </DATELINE><BODY>Compaq Computer Corp said cofounder and
+vice president of sales is resigning effective April 20 and
+will enter a masters in religious education program in Houston
+this summer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2697" NEWID="13714">
+<DATE> 7-APR-1987 09:20:48.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0743&#31;reute
+d f BC-&lt;FMD-INC>-IN-MERGER-A   04-07 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FMD INC> IN MERGER AGREEMENT</TITLE>
+<DATELINE>    DENVER, April 7 - </DATELINE><BODY>FMD Inc said it has agreed to acquire
+Bankers Protective Financial Corp for 28,836,000 common shares,
+subject to approval by the Texas State Board of Insurance.
+    Bankers Protective is a life insurance company based in
+Texas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2698" NEWID="13715">
+<DATE> 7-APR-1987 09:20:55.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0744&#31;reute
+d f BC-&lt;BEDFORD-COMPUTER-COR   04-07 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BEDFORD COMPUTER CORP> YEAR NET</TITLE>
+<DATELINE>    LONDONDERRY, N.H., April 7 -
+    </DATELINE><BODY>Shr not given
+    Net profit 1,033,000 vs loss 4,346,000
+    Sales 6,060,000 vs 5,818,000
+    NOTE: Company operating in Chapter 11 bankruptcy.
+    1985 sales exclude contract revenues of 3,217,000 dlrs.
+    1986 net includes reversal of 597,000 dlrs of reserves no
+longer deemed necessary and tax credit 340,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2699" NEWID="13716">
+<DATE> 7-APR-1987 09:21:02.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0745&#31;reute
+u f BC-PEORIA-HOGS-OPEN-UP-2   04-07 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEORIA HOGS OPEN UP 2.00 DLRS - PRIVATE SOURCES</TITLE>
+<DATELINE>    Peoria, April 7 - </DATELINE><BODY>Hog prices advanced 2.00 dlrs at the
+opening, private sources said. Top seen at 52.00 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2700" NEWID="13717">
+<DATE> 7-APR-1987 09:21:08.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0746&#31;reute
+b f BC-INTERCO-INC-&lt;ISS>-4TH   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERCO INC &lt;ISS> 4TH QTR FEB 28 NET</TITLE>
+<DATELINE>    ST. LOUIS, April 7 -
+    </DATELINE><BODY>Shr 99 cts vs 97 cts
+    Net 31,011,000 vs 30,899,000
+    Sales 651.5 mln vs 583.1 mln
+    Year
+    Shr 3.13 dlrs vs 2.92 dlrs
+    Net 98,643,000 vs 92,347,000
+    Sales 2.61 billion vs 2.51 billion
+    NOTE: 1986 results reflect two-for-one stock split of July
+23, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2701" NEWID="13718">
+<DATE> 7-APR-1987 09:21:17.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f0747&#31;reute
+u f BC-ny-sugar-off-vol   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. SUGAR NO.11 OFFICIAL VOLUME FOR APRIL 6
+ MAY  4618
+ Jly  1415
+ SEP     6
+ OCT  1334
+ JAN     2
+ Mch   343
+ MAY     0
+ JLY    51
+ Total official volume 7,769
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2702" NEWID="13719">
+<DATE> 7-APR-1987 09:23:09.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM FQ
+&#22;&#22;&#1;f0749&#31;reute
+b f BC-ny-money-opg-indics   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. MONEY OPENING INDICATIONS - APR 7
+ Federal funds     6-1/8 
+ TREASURY BILLS
+ 90 days          5.52/51
+ 180 days         5.67/66
+ One year         5.76/75
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2703" NEWID="13720">
+<DATE> 7-APR-1987 09:23:37.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0750&#31;reute
+u f BC-LME-NICKEL-MIDSESSION   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME NICKEL MIDSESSION BOOSTED BY TRADE BUYING</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>LME nickel ended the morning with three
+months business at 2,365 stg per tonne, up about seven stg from
+yesterday's afternoon kerb close, equivalent to 1.7225 dlrs per
+lb, a rise of 0.5 cents.
+    The market traded up to 2,370 stg near the official morning
+ring close under the influence of trade buying before
+speculative selling halted the advance, traders said.
+    Borrowing interest over the last two delivery months was
+seen at a narrower contango of five stg.
+    The market now appears to be showing signs of mild
+dollar-based bullishness, analysts said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2704" NEWID="13721">
+<DATE> 7-APR-1987 09:23:44.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0751&#31;reute
+u f BC-HOUSEHOLD-INT'L-&lt;HI>   04-07 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSEHOLD INT'L &lt;HI> PROJECTS EARNINGS RISE</TITLE>
+<DATELINE>    PROSPECT HEIGHTS, ILL., April 7 - </DATELINE><BODY>Household International
+Inc said it expects its fully diluted earnings per share for
+the first quarter to be about 35 pct above the same year-ago
+period.
+    It also looks for 1987 full-year fully diluted earnings to
+be about 20 pct higher than the record 4.31 dlrs a share
+reported for 1986.
+    Chairman Donald Clark, in remarks prepared for delivery to
+New York security analysts, cited increased earnings from
+Household Financial Services and "excellent return on equity
+from Household Manufacturing, combined with the impact of our
+share repurchase program, will result in higher earnings per
+share and improved return on equity in 1987."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2705" NEWID="13722">
+<DATE> 7-APR-1987 09:24:17.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0753&#31;reute
+b f BC-ny-cocoa-pre-opg   04-07 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK COCOA FUTURES EXPECTED TO OPEN LOWER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Cocoa futures are expected to open 10
+to 15 dlrs lower following London cocoa prices.
+    ----
+    Buffer stock purchases could reach 75,000 tonnes in a
+matter of weeks without lifting prices significantly, London
+cocoa traders said....Cocoa Producers Alliance heard address
+from Cameroon minister urging coordination of sales policies
+among members, who account for 80 pct of world output....CPA
+meeting to discuss a backup withholding scheme if the
+International Cocoa Agreement fails to defend prices.... Norway
+said it would check imported cocoa beans and most chocolate
+brands on sale after an outbreak of salmonella poisoning, while
+Ghana news agency scorned report....Sterling opened at
+1.6195/05 dlrs in New York from 1.6175/85 yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2706" NEWID="13723">
+<DATE> 7-APR-1987 09:24:30.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0754&#31;reute
+u f BC-ST-LOUIS-HOGS-OPEN-UP   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST LOUIS HOGS OPEN UP 1.00 DLR - PRIVATE</TITLE>
+<DATELINE>    St Louis, April 7 - </DATELINE><BODY>Hog prices added 1.00 dlr at the
+opening, private sources said. Top 51.00 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2707" NEWID="13724">
+<DATE> 7-APR-1987 09:25:24.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0755&#31;reute
+u f BC-BELGIAN-COPPER-AFTERN   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BELGIAN COPPER AFTERNOON - APRIL 7 Prices in francs per tonne
+    SGM Base price 57,410
+    GECAMINES COMMERCIALE Base price 57,410
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2708" NEWID="13725">
+<DATE> 7-APR-1987 09:27:01.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0756&#31;reute
+u f BC-REUTER-WORLD-NEWS-HIG   04-07 0320</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER WORLD NEWS HIGHLIGHTS 1300 GMT APRIL 7</TITLE>
+<DATELINE>    BEIRUT - </DATELINE><BODY>Rescue workers planned to evacuate wounded from
+Palestinian refugee settlements in Beirut in a bid to relieve
+the plight of the besieged community, Palestinian sources said.
+    CAIRO - Egypt's opposition charged that yesterday's general
+election was rigged, as early results showed President Hosni
+Mubarak's ruling National Democratic Party (NDP) heading for a
+big majority in Parliament.
+    ZEEBRUGGE, Belgium - The stricken British car ferry Herald
+of Free Enterprise, in which up to 140 bodies could still be
+trapped, rose slowly from the North Sea in a mammoth salvage
+operation off the coast.
+    BUENOS AIRES - Pope John Paul, starting a one-week tour of
+Argentina, told politicians they should always defend human
+rights and that even in difficult situations no government had
+a right to respond to violence with violence.
+    MANILA - Communist rebels said they destroyed a vital
+military communications station in the Northern Philippines and
+an army spokesman said seven rebels were killed in a gun battle
+in the southern region.
+    BELFAST - Mourners clashed with police at an Irish
+Republican Army funeral in Northern Ireland, prisoners rioted
+in a high-security jail and guerrillas attacked security bases.
+    FREETOWN, Sierra Leone - Sierra Leone's former
+vice-president, Francis Minah, sacked two weeks after a failed
+coup, has been detained on suspicion of involvement in the
+plot, police sources said.
+    BELGRADE - Over 2,000 Yugoslav firms with almost 600,000
+workers are heading for bankruptcy, a trade union chief said.
+Newspapers quoted union leaders as saying recent strikes would
+be aggravated when the authorities force loss-making companies
+to shut down.
+    NEW DELHI - Hindus staged their biggest-ever rally in Delhi
+to press their claim against India's Moslem minority for
+control of a shrine disputed by the two faiths.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2709" NEWID="13726">
+<DATE> 7-APR-1987 09:27:11.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0757&#31;reute
+u f BC-LME-ALUMINIUM-MIDSESS   04-07 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME ALUMINIUM MIDSESSION SEES WIDER BACKWARDATION</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>LME aluminium prices eased this morning
+under light dollar based selling of three months delivery but
+persistent covering of nearby short positions widened the
+backwardation to around 69 stg from 66 yesterday, dealers said.
+    Three months ended official ring dealings at 805.50 stg,
+down 2.50 stg a tonne from yesterday afternoon's kerb close,
+and the dollar equivalent traded from 1,299 on the pre-market
+down to 1,293 dlrs at the end of the rings and compared with
+1,298 yesterday.
+    The nearby covering was prompted by supply tightness
+created by likely large April option declarations but no
+reports circulated this morning of any further enquiry for
+short term April options. This was evident Friday and
+yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2710" NEWID="13727">
+<DATE> 7-APR-1987 09:27:35.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0759&#31;reute
+u f BC-LME-SILVER-REACHES-FI   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME SILVER REACHES FIVE MONTHS HIGH BY MIDSESSION</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>LME silver ended the morning with the
+three months large contract trading at a new five month high of
+420 pence per troy ounce, compared with 415/418 pence indicated
+on yesterday's afternoon kerb close.
+    Traders said the market is continuing to be largely
+marked-up in sympathy with bullion movements but investors have
+been generally reluctant to participate in LME silver trading
+ever since the traumatic period some seven years ago when the
+market was subjected to massive speculative manipulation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2711" NEWID="13728">
+<DATE> 7-APR-1987 09:28:54.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f0762&#31;reute
+b f BC-LONDON-GOLD-PRE-AFTER   04-07 0009</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON GOLD PRE-AFTERNOON FIX - APRIL 7
+ 419.60/420.10 dlrs
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2712" NEWID="13729">
+<DATE> 7-APR-1987 09:29:13.45</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0763&#31;reute
+u f BC-U.K.-INTERVENTION-WHE   04-07 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. INTERVENTION WHEAT SOLD TO HOME MARKET</TITLE>
+<DATELINE>    LONDON, April 7 -  </DATELINE><BODY>A total of 14,685 tonnes of British
+intervention feed wheat were sold at today's tender for the
+home market, the Home Grown Cereals Authority said.
+    Bids amounted to 19,115 tonnes against offerings of 31,528.
+Prices paid were at, or above, the prevailing intervention feed
+wheat price of 120.71 stg per tonne.
+    Grain traders said a large part of the tonnage on offer was
+in stores, which would mean high transport costs to deficient
+areas. The European Commission recently made available 70,000
+tonnes for next week's tender.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2713" NEWID="13730">
+<DATE> 7-APR-1987 09:29:57.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0764&#31;reute
+b f BC-ny-coffee-pre-opg   04-07 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK COFFEE FUTURES CALLED LITTLE CHANGED</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Coffee futures are expected to open
+little changed following London coffee prices.
+    -----
+    U.S. State Dept. undersecretary Allen Wallis said U.S. will
+wait until September International Coffee Organization meeting
+to discuss export quotas again....Brazil's seamen strike
+officially ended....Brazil's IBC closed May registrations after
+two days, saying coffee exporters had registered 2.05 mln
+bags....Coffee "C" daily price limit now 6.0 cents a lb,
+expandable to 9.0 cents, from previous 4.0 to 6.0 cent
+limits...."Other milds" producers to meet May 4 in
+Guatemala....ICO member exports dropped to 21.4 mln bags in
+first five months (Oct/Feb) of 1986/87 year from 28.2 mln last
+year....Significant rain has fallen in Kenya coffee regions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2714" NEWID="13731">
+<DATE> 7-APR-1987 09:30:05.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0765&#31;reute
+b f BC-BNL-UNIT-ISSUES-15-BI   04-07 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BNL UNIT ISSUES 15 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>A unit of Banca Nazionale del Lavoro is
+issuing a 15 billion yen eurobond due May 12, 1992 paying 4-1/2
+pct and priced at 101-1/2 pct, market sources said. The joint
+bookrunners are Tokai International and Daiwa Europe Ltd.
+    The formal name of the borrower is Banca Nazionale del
+Lavoro (London Branch) (Through the Law Debenture Corporation
+Plc). The non-callable bond is available in denominations of
+one mln yen and will be listed in Luxembourg.
+    The selling concession is 1-1/4 pct while management and
+underwriting combined pays 5/8 pct. The payment date is May 11
+and there will be a long first coupon period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2715" NEWID="13732">
+<DATE> 7-APR-1987 09:30:20.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0766&#31;reute
+u f BC-ST-PAUL-HOGS-OPEN-UP   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST PAUL HOGS OPEN UP 0.50 DLR - PRIVATE SOURCES</TITLE>
+<DATELINE>    St Paul, April 7 - </DATELINE><BODY>Hog prices opened 0.50 dlr higher,
+private sources said. Top 51.00 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2716" NEWID="13733">
+<DATE> 7-APR-1987 09:30:28.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0767&#31;reute
+u f BC-DOLLAR-OPENS-LOWER-IN   04-07 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR OPENS LOWER IN NEW YORK</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>The dollar opened lower following the
+trend set earlier in the Far East and Europe, dealers said.
+    Still, the U.S. currency remained well within recent
+trading ranges because few operators are prepared to go out on
+a limb ahead of today's meeting of Group of Five finance
+ministers and central bankers in Washington.
+    The overnight sell-off was partly due to skepticism that
+this week's monetary talks will yield new or lasting measures
+to stabilise currencies. But whatever their opinions, U.S.
+dealers remained cautious of selling the dollar aggressively.
+    The dollar opened at 145.10/20 yen, down from 145.85/90.
+    The dollar's decline occurred despite renewed Bank of Japan
+intervention on its behalf in Tokyo, dealers noted. Dealers in
+Japan said the central bank bought dollars steadily for yen
+during Tokyo hours.
+    "There were some large sell-orders in Tokyo, but apparently
+it wasn't too hectic," said a dealer at one major U.S. bank.
+"The tone still is very cautious ahead of the Washington
+meetings."
+    The dollar also opened at 1.8220/30 marks, down from
+1.8260/70 at last night's close, and at 1.5120/30 Swiss francs,
+down from 1.5180/90.
+    Meanwhile, sterling prolonged its advance with the aid of
+more public opinion polls indicating the ruling Conservative
+party would retain power with a large majority in any general
+election. Sterling rose to 1.6186/91 dlrs, from 1.6175/85 on
+Monday, but eased slightly to about 2.953 marks from 2.955.
+    Dealers did not detect any U.K. intervention to subdue the
+pound today. Some said the U.K. central bank may have bought
+dollars for yen in Europe, but this could not be confirmed.
+    The dollar eased to 1.3071/76 Canadian dollars from
+1.3080/85 yesterday, showing limited response to president
+Reagan's endorsement of efforts for U.S./Canada free trade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2717" NEWID="13734">
+<DATE> 7-APR-1987 09:31:48.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0768&#31;reute
+u f BC-LONDON-METAL-SPOTS-14   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON METAL SPOTS 1430 - APR 7
+ All nominal Stg per tonne dlvd UK byrs.
+ Brass ingots 750 770
+ Brass scrap  460 480
+ Copper scrap 775 835
+ Gunmetal LG2 860 880
+ Phosphor bronze ingots 1490 1510
+ Zinc scrap 180 230
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2718" NEWID="13735">
+<DATE> 7-APR-1987 09:32:02.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f0769&#31;reute
+u f BC-DATA-GENERAL-&lt;DGN>-TO   04-07 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA GENERAL &lt;DGN> TO TAKE 2ND QTR CHARGE</TITLE>
+<DATELINE>    WESTBORO, Mass., April 7 - </DATELINE><BODY>Data General Corp said it
+expects to record an extraordinary pretax charge of about 18.2
+mln dlrs in the second quarter ended March 28.
+    The company said the charge will result from a redemption
+of debt. On May 18, Data General said, it will redeem 150 mln
+dlrs of outstanding 12-3/8 pct sinking fund debentures due
+2015.
+    The redemption price will be 111.138 pct of the total
+principal amount of notes then outstanding plus accrued
+interest to the redemption date, it said.
+    No interest will accrue or will be payable on the
+debentures starting May 18, the computer and communications
+company said.
+    Data General reported a loss of 1.8 mln dlrs or six cts a
+share for the second quarter ended March 29, 1986. The loss
+included a charge of 3.8 mln dlrs from redemption of
+debentures. In the year-ago quarter, revenues fell less than
+one pct to 318.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2719" NEWID="13736">
+<DATE> 7-APR-1987 09:32:09.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f0770&#31;reute
+u f BC-CBT-SILVER-OPG-TREND   04-07 0056</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT SILVER OPG TREND 7-APR
+1,000 OUNCE
+         OPEN         P SETT
+ APR7   6700L  6720H  6570
+ MAY7   6730L  6750H  6600
+ JUN7   6780L  6790H  6640
+ AUG7   6860L  6880H  6720
+ OCT7   6980          6800
+ DEC7   7070H  7040L  6880
+ FEB8         7100A   6960
+ APR8   7250          7040
+ JUN8   7350          7120
+ AUG8   7350B 7400A   7200
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2720" NEWID="13737">
+<DATE> 7-APR-1987 09:32:16.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0771&#31;reute
+u f BC-LONDON-STERLING-RATES   04-07 0065</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON STERLING RATES MIDAFT - APRIL 7
+ US     1.6188/95      YEN    234.95/235.15
+ CAN    2.1155/80      DKR    11.1175/1300
+ DMK    2.9515/45      NKR    11.0350/0480
+ DFL    3.3290/3320    SKR    10.2700/2840
+ SFR    2.4470/4500    AUS SCH 20.72/74
+ BFC    61.05/16       PORT   227.50/229.60
+ FFR    9.8170/8270    SPAIN  206.65/95
+ LIT    2100/2102      IRL    1.1035/60
+ ECU    1.4194/4212
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2721" NEWID="13738">
+<DATE> 7-APR-1987 09:32:30.09</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>west-germany</D><D>malaysia</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0772&#31;reute
+u f BC-PALM-OIL-OUTPUT-SEEN   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PALM OIL OUTPUT SEEN DROPPING SHARPLY - OIL WORLD</TITLE>
+<DATELINE>    HAMBURG, April 7 - </DATELINE><BODY>Malaysian and Indonesian palm oil
+production is likely to drop sharply this year, due to lower
+yields, the Hamburg-based newsletter Oil World said.
+    The publication expects total Malaysian output during
+Jan/Sept 1987 to decline by eight pct to 3.05 mln tonnes. For
+East Malaysia, it put production during the period at 297,000
+tonnes after 312,000 a year earlier and for West Malaysia 2.75
+mln compared with just over 3.0 mln during Jan/Sept 1986.
+    It said new plantings had slowed markedly in both
+countries, but the effects of this will not be felt until
+1988-90.
+    Above normal yields during recent years resulted in trees
+reacting to the stress by changing the sex ratio to more male
+inflorescences and/or aborting more female, Oil World said.
+    Yields per hectare are also likely to be adversely affected
+this year by insufficient rain up to 25 months ago. This could
+especially affect trees in West Malaysia during April/June,
+while in East Malaysia the impact will be in February/April and
+July/Dec, and in Indonesia July/Sept.
+    Last year's cut in fertilizer use will hit this year's
+yields and bigger effects are expected within the next three
+years, Oil World said without elaborating.
+    Opening stocks in West Malaysia at the start of this year
+were put at only 565,000 tonnes compared with 914,000 in
+January 1986, Oil World said.
+    West Malaysian net exports are therefore expected to drop
+500,000 tonnes to 2.54 mln during Jan/Sept, while those of East
+Malaysia are likely to decline by 10 pct to 280,000 tonnes.
+    Indonesian palm oil production is forecast to fall about
+eight pct during Jan/May, but to rise from June on. Overall
+Indonesian output during Jan/Sept is forecast to rise three pct
+to 933,000 tonnes. Indonesian stocks as of April 1, however,
+are put at only 65,000 tonnes compared with 160,000 a year ago.
+    Indonesian export commitments and domestic requirements are
+both running at high levels, Oil World said, and it expects the
+country's imports to reach a record 110,000 tonnes during
+Jan/Sept. The bulk of this will arrive during Feb/May, ahead of
+the April elections and the religious Ramadan festival
+throughout May, it said.
+    Indonesian net exports, therefore, may fall by 29 pct to
+350,000 tonnes, Oil World said. The possibility that recent
+Indonesian palm oil purchases will not actually enter the
+country but be transshipped to other countries to fulfill
+Indonesia's export orders cannot be ruled out, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2722" NEWID="13739">
+<DATE> 7-APR-1987 09:32:50.14</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0774&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 284 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The Bank of England said it provided the
+money market with a further 284 mln stg assistance in the
+afternoon session.
+    This takes the bank's total help so far today to 508 mln
+stg and compares with its revised estimate of a 900 mln stg
+shortage in the system which it earlier revised up from 850
+mln.
+    The central bank made outright purchases of bank bills
+comprising 100 mln stg in band one at 9-7/8 pct, 56 mln stg in
+band two at 9-13/16 pct, 112 mln stg in band three at 9-3/4 pct
+and 16 mln stg in band four at 9-11/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2723" NEWID="13740">
+<DATE> 7-APR-1987 09:33:02.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f0776&#31;reute
+u f BC-NY-COMEX-SILVER-09-30   04-07 0029</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX SILVER 09:30
+
+ APR7 UNTRD
+ MAY7  6685 UP  105
+ JUN7 UNTRD
+ JUL7  6760 UP  106
+ SEP7  6830 UP  100
+ DEC7  6970 UP  132
+ JAN8 UNTRD
+ MAR8  7090 UP  144
+ MAY8  7250 UP  225
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2724" NEWID="13741">
+<DATE> 7-APR-1987 09:33:15.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f0778&#31;reute
+u f BC-cme-cattle-certs   04-07 0067</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME LIVE CATTLE CERTIFICATES FOR April 6
+              delivered  received
+ Refco           3          -
+ Goldberg        1          -
+ Hutton          1          -
+ Merrill         4          -
+ Miller         12          -
+ Collins         2          -
+ RJO             7          -
+ RBH             8          -
+ Stotler         4         43
+ ADM             1          -
+ Total          43         43
+ Partly through Feb 19, 1987, total to date 376
+ demands 0, reclaims 0
+ total to date demands 56, reclaims 15
+for April 6 (TENDERS, RETENDERS, DEMANDS AND RECLAIMS):
+    AT NO ACCRUED CHARGE -
+ TENDERS - Joliet 29, Peoria 6, Sioux City 8
+ DEMANDS - nil
+    AT 1.5 CENT ACCRUED CHARGE -
+ RETENDERS - nil
+ DEMANDS - nil
+ RECLAIMS - nil
+    AT 3.00 CENT ACCRUED CHARGE -
+ RETENDERS - nil
+ DEMANDS - nil
+ RECLAIMS - nil
+ ACTUAL DELIVERIES - Joliet 12, Peoria 3, Sioux City 18, Omaha
+8
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2725" NEWID="13742">
+<DATE> 7-APR-1987 09:33:20.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ MQ FQ EQ
+&#22;&#22;&#1;f0779&#31;reute
+u f BC-NY-COMEX-GOLD-OPG-7-A   04-07 0062</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX GOLD OPG 7-APR
+         OPEN       P SETT
+ APR7 4205          4185
+ MAY7 4222B 4227A   4202
+ JUN7 4250          4226
+ AUG7 4293B 4298A   4273
+ OCT7 4340          4317
+ DEC7 4373          4361
+ FEB8 4430          4407
+ APR8 4473B 4478A   4453
+ JUN8 4518B 4523A   4498
+ AUG8 4566B 4571A   4546
+ OCT8 4615B 4620A   4595
+ DEC8 4664B 4669A   4644
+ FEB9 4712B 4717A   4692
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2726" NEWID="13743">
+<DATE> 7-APR-1987 09:33:36.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ MQ
+&#22;&#22;&#1;f0781&#31;reute
+u f BC-NY-COMEX-SILVER-OPG-7   04-07 0069</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX SILVER OPG 7-APR
+      OPEN            P SETT
+ APR7   6698B   6718A  6548
+ MAY7   6730           6580
+ JUN7   6767B   6787A  6617
+ JUL7   6840           6654
+ SEP7   6910           6730
+ DEC7   7010           6838
+ JAN8    --            6876
+ MAR8   7130           6946
+ MAY8   7210           7025
+ JUL8   7280           7109
+ SEP8   7344B   7364A  7194
+ DEC8   7540           7327
+ JAN9   7523B   7543A  7373
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2727" NEWID="13744">
+<DATE> 7-APR-1987 09:34:23.47</DATE>
+<TOPICS><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>spain</D><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0783&#31;reute
+u f BC-SESOSTRIS-SELLS-18,00   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SESOSTRIS SELLS 18,000 TONNES BARLEY TO GREECE</TITLE>
+<DATELINE>    MADRID, April 7 - </DATELINE><BODY>Sesostris, the Spanish subsidiary of the
+international grain trader Dreyfus, sold 18,000 tonnes of
+barley to Greece for delivery from Mediterranean ports from
+April 14 to 30, a company spokesman said. He gave no details on
+price.
+    The barley has a 14 pct humidity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2728" NEWID="13745">
+<DATE> 7-APR-1987 09:34:37.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0785&#31;reute
+b f BC-LONDON-COCOA-1430-B/S   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COCOA 1430 B/S - APR 7
+ May 1285 1292
+ Jul 1317 1319
+ Sep 1337 1340
+ Dec 1364 1366
+ Mar 1389 1390
+ May 1410 1411
+ Jul 1428 1432
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2729" NEWID="13746">
+<DATE> 7-APR-1987 09:35:40.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ
+&#22;&#22;&#1;f0786&#31;reute
+b f BC-QT8577   04-07 0008</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ CANADIAN EXCHANGE OPENING
+    U.S. Dollar 1.3061/66
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2730" NEWID="13747">
+<DATE> 7-APR-1987 09:35:58.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0788&#31;reute
+u f BC-PRS-PARIS-COCOA-15.30   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS COCOA 15.30 - APR 7
+ May 1255      ask
+ Jul 1285      ask
+ Sep 1295      bid
+ Dec 1320      bid
+ Mar 1335/1345 ba
+ May 1350      bid
+ Jul 1365      bid
+ Sales at call nil accumulative total nil
+ quiet
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2731" NEWID="13748">
+<DATE> 7-APR-1987 09:36:55.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F V
+&#22;&#22;&#1;f0790&#31;reute
+u f BC-QT8911   04-07 0017</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS OPEN LOWER</TITLE>
+<DATELINE>    NEW YORK, APRIL 7 - </DATELINE><BODY>Wall Street stocks were lower at the
+opening bell.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2732" NEWID="13749">
+<DATE> 7-APR-1987 09:37:12.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0791&#31;reute
+u f BC-u.s.-energy-futures   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY FUTURES CALLED SLIGHTLY HIGHER</TITLE>
+<DATELINE>    NEW YORK, APRIL 7 - </DATELINE><BODY>Traders expect U.S. energy futures will
+open higher, tracking firmer gasoil futures and cash crude
+markets. Also lending support, said traders, are reports that
+the Iran/Iraq war is heating up.
+    Crude futures are called five to 10 cts higher with support
+from a squeeze in the April 15-day forward Brent crude market,
+which traded as high as 19.40 dlrs a barrel today, and from
+domestic grades, trading unchanged to seven cts higher, traders
+said.
+    Iraq said today it attacked Iran's Sirri Island as well as
+offshore oil escalations west of Kharg Island.
+     Iran meanwhile reported victories on the southern front in
+its war with Iraq.
+    These reports may support the market, which is "begging for
+news," said one broker. He said resistance is at 18.75-18.85
+dlrs, then 19.00 dlrs a barrel for May crude.
+    Products are called 0.25-0.50 cent higher a gallon
+following gasoil futures which ended the morning session 1.25
+dlrs higher a tonne basis April, which expired today, and 1.00
+dlr higher basis May, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2733" NEWID="13750">
+<DATE> 7-APR-1987 09:37:17.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0792&#31;reute
+b f BC-LONDON-SUGAR-NO.6-FOB   04-07 0048</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SUGAR NO.6 FOB 1430 - APR 7
+ MTH  BYR   SLR  HIGH   LOW  SALES
+ May 150.2 150.4 152.0 149.0 168
+ Aug 154.2 154.6 155.8 154.0 207
+ Oct 158.2 158.8 160.0 158.0 110
+ Dec 160.0 161.8 163.0 163.0   4
+ Mar 166.0 166.6 167.0 167.0  10
+ May 168.8 170.0 nil
+ Aug 172.0 174.0 nil
+ TOTAL SALES 499
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2734" NEWID="13751">
+<DATE> 7-APR-1987 09:37:52.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f0793&#31;reute
+u f BC-chgo-belly-stg   04-07 0046</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHICAGO PORK BELLY STORAGE MOVEMENT - April  7
+IN THE 8 WAREHOUSES VS 8 LAST YEAR
+ IN THOUSAND LBS
+ IN                            80
+ OUT                            9
+ ON HAND                    8,305
+ ON HAND YEAR AGO           9,361
+ YEAR AGO NET MOVEMENT   in   157
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2735" NEWID="13752">
+<DATE> 7-APR-1987 09:38:31.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0795&#31;reute
+r f BC-SPAIN'S-SOCIALISTS-HO   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN'S SOCIALISTS HOLD OUT AGAINST STRIKERS</TITLE>
+<AUTHOR>    By Jules Stewart, Reuters</AUTHOR>
+<DATELINE>    MADRID, April 7 - </DATELINE><BODY>Widespread strikes have not seriously
+disrupted Spain's economy and wage restrictions are likely to
+continue as policy makers call for more austerity to help the
+country compete in the European Community (EC), foreign bankers
+and analysts said.
+    "The strikes were unexpected and in some cases spectacular,
+but they have had little effect on basic economic life," a U.S.
+Banker told Reuters. "The socialists can apply restrictive
+measures as long as the unions remain relatively weak."
+    The communist-led Workers' Commissions recently rejected a
+call by its leadership for a general strike while the ruling
+Socialist Party's trade union arm, the General Workers' Union,
+has refused to demonstrate with the communists on May 1.
+    The government's chief concern is inflation, which stood at
+8.3 pct last year. The high inflation rate is especially
+damaging in view of Spain's trade balance with Europe, which
+turned into a deficit last year after entry to the EC.
+    Officials say the situation is rapidly deteriorating. The
+deficit of 450 mln dlrs in the first two months of 1987 was
+only slightly below the 515 mln dlr deficit for all of 1986.
+    The government has tightened up money supply, called for
+maximum 5.0 pct wage increases -- the same as this year's
+inflation target -- and is pursuing a program of industrial
+restructuring despite an unemployment rate of 21.5 pct.
+    Bankers say tight-money policies have attracted an
+avalanche of foreign capital that is cashing in on the strong
+peseta and high interest rates and those funds, converted into
+pesetas, are swelling money supply still further.
+    Bank of Spain governor Mariano Rubio said last week that
+money supply is expected to rise 14.3 pct in the first quarter
+compared with this year's eight pct target.
+    Most analysts agree that the government will have to accept
+inflation closer to six pct this year but they say there is
+little cause for alarm.
+    "The money supply should be back on track by the summer and
+we will begin to see lower interest rates," said Andres
+Trujillo, general manager of Hong Kong and Shanghai Banking
+Corp's Madrid branch.
+    He told Reuters the labour protests, despite occasional
+outbursts of violence, are not having a serious impact on
+foreign investment.
+    "Spain is a big and relatively underdeveloped market," he
+said. "It is still easier to compete from here than in other
+countries and this sporadic unrest is not likely to scare off
+investors."
+    Juan Jose Macaya, general manager of Investban SA, a
+portfolio management company, said he expects monetary
+objectives to be under control in two or three months.
+    "There has been some nervousness in the stock exchange but
+we see this as a short-term reaction," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2736" NEWID="13753">
+<DATE> 7-APR-1987 09:38:37.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0796&#31;reute
+r f BC-bow-valley-&lt;bvi>-to-s   04-07 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOW VALLEY &lt;BVI> TO SELL NORWEGIAN SUBSIDIARY</TITLE>
+<DATELINE>   Calgary, Alberta, April 7 - </DATELINE><BODY>Bow Valley Industries Ltd said
+it agreed to sell its wholly owned Norwegian subsidiary to Elf
+Aquitaine Norge A/S of Stavanger, Norway for 13 mln Canadian
+dlrs.
+    The principal asset of the subsidiary, Bow Valley
+Exploration Norge A/S, is  an eight pct interest in the Heimdal
+gas and condensate field offshore Norway.
+    The sale is expected to conclude by the middle of April,
+Bow Valley said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2737" NEWID="13754">
+<DATE> 7-APR-1987 09:38:41.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0797&#31;reute
+u f BC-NASDAQ-RESUMPTION---G   04-07 0020</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NASDAQ RESUMPTION - GALACTIC RESOURCES LTD &lt;GALCF>, FIRST SALE
+7-5/16, UP 1/8 FROM HALT AND UP 3/16 FROM PREVIOUS CLOSE
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2738" NEWID="13755">
+<DATE> 7-APR-1987 09:38:45.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f0798&#31;reute
+u f BC-ny-coffee-off-vol   04-07 0028</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. COFFEE C OFFICIAL VOLUME FOR APRIL 6
+ MAY   1414
+ JLY   1199
+ SEP    289
+ Dec    310
+ Mch     11
+ MAY      9
+ JLY      2
+ Sep      0
+ Total official volume 3,234
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2739" NEWID="13756">
+<DATE> 7-APR-1987 09:39:08.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0799&#31;reute
+b f BC-LONDON-COFFEE-ROBUSTA   04-07 0047</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COFFEE ROBUSTA MIDAFTERNOON - APR 7
+ MTH BYR  SLR  HIGH LOW  SALES
+ May 1247 1250 1255 1245  347
+ Jul 1257 1260 1265 1253  371
+ Sep 1277 1280 1283 1274  153
+ Nov 1302 1308 1306 1299   15
+ Jan 1320 1330 1330 1324  119
+ Mar 1340 1350 1350 1345  118
+ May 1360 1370 nil
+ 1123        
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2740" NEWID="13757">
+<DATE> 7-APR-1987 09:40:03.69</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0800&#31;reute
+d f BC-SYNGOLD-DEFINES-RESER   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNGOLD DEFINES RESERVES ON DEKA PROPERTY</TITLE>
+<DATELINE>    Toronto, April 7 - </DATELINE><BODY>&lt;Syngold Exploration Inc> and &lt;Corp
+Falconbridge Copper> said they defined undiluted reserves of
+911,000 tons of ore with an average grade of 0.43 ounces of
+gold per ton in two separate deposits on the Deka property
+located at Noranda, Quebec.
+    Assay results from 20 suface holes drilled on 250 foot
+centers indicate that the Donalda number one deposit contains
+possible reserves of 611,000 tons at an average grade of 0.48
+ounces of gold per ton.
+    The number one deposit's reserves are contained between a
+vertical depth of 750 and 1200 feet at a strike length of 900
+feet.
+    Reserves of the Donalda number-two deposit, located 1,000
+feet below the number-one deposit, were recalculated at 300,000
+tons with an average grade of 0.33 ounces of gold per ton.
+    Syngold has earned a 20 pct interest in the Deka property
+from the operator, Corp Falconbridge Copper.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2741" NEWID="13758">
+<DATE> 7-APR-1987 09:41:28.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0804&#31;reute
+u f BC-LONDON-GASOIL-CALL-CO   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GASOIL CALL COMPLETE  1439 - APR 7</TITLE>
+ MTH      LAST    BYR    SLR   HIGH    LOW SALES
+<DATELINE> Mar       ---    ---    ---    ---    ---   ---
+ </DATELINE><BODY>Apr    149.25 149.25 149.50 149.50 147.75  1064
+ May    147.50 147.50 147.75 147.75 146.25   946
+ Jun    146.50 146.50 147.00 147.25 146.00   293
+ Jul    146.50 146.25    --- 147.00 146.50    64
+ Aug       --- 146.50    ---    ---    ---   ---
+ Sep       --- 147.00    ---    ---    ---   ---
+ Oct       ---    ---    ---    ---    ---   ---
+ Nov       ---    ---    ---    ---    ---   ---
+ TOTAL SALES   2367
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2742" NEWID="13759">
+<DATE> 7-APR-1987 09:41:58.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M F C
+&#22;&#22;&#1;f0805&#31;reute
+u f BC-ny-gold-mids-report   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GOLD FUTURES OPEN FIRMER ON WEAK DOLLAR</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex gold futures opened firmer on the
+back of a weak dollar and firm silver values.
+    The pacesetting June delivery was up 90 cts at 423.50 dlrs
+an ounce, recouping some of yesterday's light losses of 1.50
+dlrs. Other contracts gained 1.70 to 2.30 dlrs.
+    Floor analysts said the precious metal mirrored the action
+in the silver trading ring more than anything else. Speculators
+continued to buy silver on hopes it would soon hit seven dlrs
+an ounce in the May contract.
+    The stock market again acted as a drag on gold even though
+it slipped on profit-taking this morning, analysts said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2743" NEWID="13760">
+<DATE> 7-APR-1987 09:41:59.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0806&#31;reute
+r f BC-BELGIAN-FRANC-EMS-DIV   04-07 0011</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BELGIAN FRANC EMS DIVERGENCE RATE - APRIL 7 - 42 PCT (43.0395
+FRANCS)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2744" NEWID="13761">
+<DATE> 7-APR-1987 09:42:15.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f0807&#31;reute
+u f BC-ny-cocoa-off-vol   04-07 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COCOA OFFICIAL VOLUME FOR APRIL 6
+ MAY    820
+ JLY   1081
+ SEP     39
+ DEC     63
+ Mch      0
+ May      0
+ Total official volume 2,003
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2745" NEWID="13762">
+<DATE> 7-APR-1987 09:43:42.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0809&#31;reute
+b f BC-cbt-vol-oi-totals   04-07 0084</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT VOLUME/OPEN INTEREST ESTIMATE FOR April  6
+    (000'S BUSHELS)
+        OPEN INTEREST CHANGE        VOLUME
+ WHEAT    157,855     up   6,150   39,645
+ CORN     710,708     dn  10,732   87,075
+ OATS      31,200     dn     380    5,355
+ SOYBEANS 431,845     up   6,140   72,090
+ SOYMEAL   64,608     up     140    6,951
+ SOYOIL    75,272     up     111    5,502
+ T-BONDS  243,097     dn   4,061  186,869
+ T-NOTES   57,862     dn   2,512   15,813
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2746" NEWID="13763">
+<DATE> 7-APR-1987 09:43:45.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0810&#31;reute
+r f BC-BRUSSELS-EXCHANGES-CL   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BRUSSELS EXCHANGES CLOSING - APRIL 7 US DLR COM 37.72 37.79 US
+DLR FIN 37.75 38.15 FFR 6.21 6.24 STG 61.01 61.23 DFL 18.32
+18.39 SFR 24.92 25.01 DMK 20.67 20.75
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2747" NEWID="13764">
+<DATE> 7-APR-1987 09:43:55.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0811&#31;reute
+r f BC-CAMBRIDGE-BIOSCIENCE   04-07 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMBRIDGE BIOSCIENCE &lt;CBCX> TO START AIDS TESTS</TITLE>
+<DATELINE>    WORCESTER, Mass., April 7 - </DATELINE><BODY>Cambridge BioScience Corp said
+it received Federal Drug Administration approval on its
+"Investigational New Drug" filing to begin human clinical
+trials of its second generation diagnostic test for AIDS.
+    The company said it anticipates the test may be released to
+worldwide markets by late 1987 or early 1988.
+    Cambridge BioScience also said it expects to file soon an
+"Investigational New Drug"  with the FDA on its screening test
+for detecting AIDS antibodies.
+    This test, which is being evaluated in emergency situations
+in several African nations, does not require highly trained
+technicians nor instrumentation, according to the company.
+
+    Cambridge BioScience explained that the filing for human
+clinical trials for AIDS that received FDA approval, utilizes
+recombinant-DNA technology to detect and screen antibodies in
+blood or serum of patients infected with the AIDS-causing
+virus.
+    The other separate planned filing with the FDA is a
+revolutionary, five-minute latex agglutination screening test
+for detecting AIDS antibodies, the company said. This test,
+utilizes latex beads coated with CBC's recombinant antigen
+which attract and hold AIDS antibodies, forming clusters
+(agglutination), which indicates a positive result.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2748" NEWID="13765">
+<DATE> 7-APR-1987 09:44:33.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0813&#31;reute
+r f BC-3COM-&lt;COMS>-SUPPORTS   04-07 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>3COM &lt;COMS> SUPPORTS NEW &lt;IBM> COMPUTERS</TITLE>
+<DATELINE>    SANTA CLARA, Calif., April 7 - </DATELINE><BODY>3Com Corp said it supports
+International Business Machines Corp's personal System/2 series
+of computers, and will provide network operating software and
+interfaces.
+    The software and interfaces will allow the new machines to
+be integrated into existing 3System workgroup systems, 3Com
+said.
+    3Com said it is modifying its 3+ network software to work
+under DOS 3.3, ensuring campatibility with current Personal
+Snd IBM's new Token Ring adaps
+Micro Channel architecture.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2749" NEWID="13766">
+<DATE> 7-APR-1987 09:44:36.52</DATE>
+<UNKNOWN> 
+^! 16#838#</UNKNOWN>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN>&#5;&#5;&#5;&#5;L
+&#22;&#22;&#1;f0814&#31;reute
+u f BC-ST-JOSEPH-HOGS-SEEN-U   04-07 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST JOSEPH HOGS SEEN UP 1.00 DLR - PRIVATE</TITLE>
+<DATELINE>    St Joseph, April 7 - Sunny/38 degrees - </DATELINE><BODY>Hog prices are
+expected 1.00 dlr higher on estimated receipts of 1,500 head,
+private sources said. Top seen at 51.50 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2750" NEWID="13767">
+<DATE> 7-APR-1987 09:44:45.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0815&#31;reute
+r f BC-REXON-&lt;REXN>-SHARE-OF   04-07 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXON &lt;REXN> SHARE OFFERING UNDERWAY</TITLE>
+<DATELINE>    CULVER CITY, Calif., April 7 - </DATELINE><BODY>Rexon Inc said an offering
+of two mln common shares is underway at 13.25 dlrs per share
+through underwriters led by Hambrecht and Quist Inc.
+    Underwriters have been granted an overallotment option for
+up to 300,000 more shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2751" NEWID="13768">
+<DATE> 7-APR-1987 09:44:50.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0816&#31;reute
+u f BC-slaughter-guesstimate   04-07 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 290,000 to 307,000 head versus
+294,000 week ago and 317,000 a year ago.
+    Cattle slaughter is guesstimated at about 124,000 to
+128,000 head versus 133,000 week ago and 135,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2752" NEWID="13769">
+<DATE> 7-APR-1987 09:45:13.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0817&#31;reute
+h f BC-SURGIDYNE-INC-FILES-F   04-07 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SURGIDYNE INC FILES FOR INITIAL OFFERING</TITLE>
+<DATELINE>    EDEN PRAIRIE, MINN., April 7 - </DATELINE><BODY>Surgidyne Inc said it filed
+a registration statement for a proposed initial public offering
+of its common stock.
+    The company proposes to offer 1,125,000 common shares at
+about 2.00 dlrs a share.
+    The offering would be underwritten by Westonka Investments
+Inc.
+    Surgidyne develops and markets specialty medical and
+surgical products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2753" NEWID="13770">
+<DATE> 7-APR-1987 09:45:20.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0818&#31;reute
+w f BC-AAR-&lt;AIR>-UNIT-SIGNS   04-07 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AAR &lt;AIR> UNIT SIGNS SERVICE AGREEMENT</TITLE>
+<DATELINE>    ELK GROVE VILLAGE, ILL., April 7 - </DATELINE><BODY>AAR Corp said its AAR
+Technical Service Center unit signed a major maintenance
+agreement with Continental Airlines to provide a wide range of
+support for components operated on Continental's expanding
+fleet of B727, B737, DC9, MD80 and DC10 aircraft.
+    It said it is the largest component repair service
+agreement reached by Continental Airlines with an independent
+repair facility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2754" NEWID="13771">
+<DATE> 7-APR-1987 09:45:44.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0819&#31;reute
+u f BC-U.S.-CREDIT-MARKETS-O   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKETS OPEN LOWER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>U.S. credit markets opened lower,
+undercut by a weaker dollar, dealers said.
+    The impetus for the opening declines came from overseas
+trading, where a lack of retail buying led to profit-taking
+that erased yesterday's moderate gains, dealers said.
+    Most investors have stepped to the sidelines to await the
+outcome of this week's monetary meetings in Washington and to
+see how it affects exchange rates, they added.
+    The key 7-1/2 pct Treasury bond opened 17/32 lower at
+95-22/32 to yield 7.88 pct compared with 7.84 pct at
+yesterday's close. It fell to 95-26/32 in late Tokyo trade.
+    "How the bond market trades seems to be a mirror image of
+how the dollar/yen trades," a dealer said. "As the dollar goes,
+so goes the market, but so far we're just bouncing around in
+thin trading."
+    Skepticism that this week's monetary meetings of leading
+industrial nations in Washington will produce substantive
+agreements to ease trade tensions between the U.S. and Japan
+and take pressure off the dollar is weighing on bond prices.
+    "I can't imagine that anything of much substance could
+comoe out of these meetings other than a reiteration of
+previous statements," a dealer said.
+    Dealers said U.S. government securities prices will be
+vulnerable as long as further dollar declines are expected.
+    The 6-3/8 pct two-year notes fell 1/16 to 99-20/32 at the
+opening and the 7-1/4 pct 10-years dropped 11/32 to 97-25/32.
+    Treasury bill rates rose in early trading, pulled higher in
+sympathy with the rise in coupon yields.
+    Three-month bills were unchanged from yesterday's auction
+price at 5.53 pct bid, while six-month bills rose six basis
+points from their auction price to 5.69 pct bid.
+    Year bills rose four basis points to 5.77 pct bid.
+    The Federal funds rate opened at 6-1/8 pct and remained at
+this level in early trading. It averaged 6.20 pct yesterday.
+    Economists said seasonal pressures on bank reserves point
+to a possible indirect injection of temporary reserves by the
+Federal Reserve this morning. Some look for the Fed to purchase
+coupon securities this afternoon.
+    Dealers said the market may take its next cue from Federal
+Reserve chairman Paul Volcker's Congressional testimony at 1000
+EDT (1400 GMT) this morning.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2755" NEWID="13772">
+<DATE> 7-APR-1987 09:46:22.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0820&#31;reute
+u f BC-AIRBUS-REPLACES-SUPER   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRBUS TO USE GE &lt;GE> ENGINE ON A-340 AIRLINER</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>The European &lt;Airbus Industrie> consortium
+is to change the lead engine on its A-340 aircraft because the
+high-technology superfan engine will not be ready by 1992, a
+company spokesman said.
+   Airbus has chosen the Franco-U.S. CFM-56-S3 engines to
+replace the &lt;International Aero Engine> (IAE) consortium's
+superfan. The spokesman added the new engine, to be produced by
+General Electric Co of the U.S. And SNECMA of France, can
+provide greater thrust than the IAE rival.
+    The spokesman said the IAE consortium, which includes Pratt
+and Whitney of the U.S. And Britain's &lt;Rolls Royce>, is unable
+to supply its superfan engines in time for mid-1992 when the
+A-340 is due to become operational.
+    Airbus signed an agreement with IAE last December,
+replacing an earlier accord with GE and &lt;SNECMA>, whose CFM-56
+engine could then offer no more than a 28,600 lbs thrust,
+compared to the proposed superfan's 30,000 lbs.
+    The latest version of the CFM-56, however, can provide a
+30,600 lbs thrust.
+    The Airbus spokesman said the consortium's decision did not
+exclude the IAE superfan, once ready, being offered as an
+alternative engine on the A-340 as the superfan was more
+fuel-efficient than the CFM engine.
+    The spokesman said Airbus expected IAE to come back with
+some proposals on superfan's new production timetable within
+the next few weeks or months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2756" NEWID="13773">
+<DATE> 7-APR-1987 09:46:26.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f0821&#31;reute
+u f BC-NY-COCOA-OPG-7-APR   04-07 0042</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COCOA OPG 7-APR
+      OPEN           P SETT
+ MAY7  1922L  1925H  1934
+ JUL7  1955L  1956H  1967
+ SEP7  1980L  1982H  1989
+ DEC7  2005B  2010A  2015
+ MAR8  2030B  2040A  2043
+ MAY8  2040B  2060A  2063
+ JUL8  2050B  2090A  2049
+ SEP8  2055B          --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2757" NEWID="13774">
+<DATE> 7-APR-1987 09:46:55.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0822&#31;reute
+u f BC-CME-TOTAL-VOLUME/OPEN   04-07 0090</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME TOTAL VOLUME/OPEN INTEREST FOR April  6
+               OPEN-INT  CHANGE     VOLUME
+ LIVE CATTLE    93983    up   1088  21225
+ FEEDER CATTLE  16232    up     86   2106
+ LIVE HOGS      30364    dn      1   5401
+ PORK BELLIES   11663    dn    191   4362
+ CME TOTAL     152242    up    982  33094
+
+ LIVESTOCK OPTIONS
+ CATTLE OPTIONS 62183    up   1209   6205
+ FEEDER OPTIONS  8034    up    121    411
+ HOG OPTIONS    12010    up     14    518
+ PORK BELLY      2131    up     64    101
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2758" NEWID="13775">
+<DATE> 7-APR-1987 09:46:59.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0823&#31;reute
+f f BC-******EMERY-AIR-FREIG   04-07 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EMERY AIR FREIGHT SAID HUTTON GROUP ENDS OFFER FOR PUROLATOR COURIER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2759" NEWID="13776">
+<DATE> 7-APR-1987 09:47:06.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f0824&#31;reute
+u f BC-NY-COMEX-ALUMINUM-OPG   04-07 0073</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX ALUMINUM OPG TRENDS 7-APR
+          OPEN      P SETT
+APR7   --             6250
+MAY7   --             6150
+JUN7   --             6050
+JUL7   --             6000
+SEP7   --             5780
+DEC7   --             5720
+JAN8   --             5720
+FEB8   --              --
+MAR8   --             5720
+MAY8   --             5720
+JUL8   --             5720
+SEP8   --             5720
+DEC8   --             5720
+JAN9   --             5720
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2760" NEWID="13777">
+<DATE> 7-APR-1987 09:47:34.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0825&#31;reute
+u f BC-DUTCH-INTERBANK-DEPOS   04-07 0049</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+DUTCH INTERBANK DEPOSIT RATES - APRIL 7
+    CALL MONEY  5-3/8   LOW    5-1/2   HIGH TRADED
+ PERIODS         BID /    OFFERED
+ ONE MONTH      5-5/16    5-7/16
+ TWO            5-5/16    5-7/16
+ THREE          5-5/16    5-7/16
+ SIX            5-5/16    5-7/16
+ 12             5-5/16    5-7/16
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2761" NEWID="13778">
+<DATE> 7-APR-1987 09:48:08.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0826&#31;reute
+u f BC-live-ctl-report   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIVE CATTLE FUTURES SEEN STEADY TO HIGHER</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Live cattle futures were expected to
+continue their upward climb to new season's highs and highest
+levels in years as fundamentals continue to point upward,
+traders said.
+    They cited steady to higher live calls as the main buying
+factor. Market-ready supplies remain tight and packer interest
+has been improving, they noted.
+    A firm tone to cash wholesale beef and moderate boxed beef
+movement at higher cutout prices were also cited as supporting
+factors. Stopping of deliveries by strong hands will likely add
+to strength in spot April, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2762" NEWID="13779">
+<DATE> 7-APR-1987 09:48:28.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f0827&#31;reute
+u f BC-imm/iom-ttl-vol   04-07 0073</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+IMM/IOM TOTAL VOLUME FOR April  6
+    B POUND    13053  Lumber       1336
+    C DLR       2137  T-bill       4122 
+    D MARK     23820  CD              0
+    F FRANC        0  Eurodlr      48804 
+    J YEN      11720  SP 500       67104 
+    S FRANC    16727  SP 100       ----
+    A DLR        191  SP 250 otc   ----
+    ec unit        3  TTL IOM      106942
+    ttl imm   120577  EXCHANGE TOTAL 260613
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2763" NEWID="13780">
+<DATE> 7-APR-1987 09:49:55.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f0830&#31;reute
+u f BC-ny-plat/pall-clsg-rep   04-07 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. PLATINUM FUTURES RISE IN EARLY TRADING</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Platinum futures rose in thin early
+trading as the metal again followed silver to higher ground,
+floor analysts said.
+    The key July delivery traded at 573.50 dlrs an ounce, up
+4.90 dlrs. Other months posted gains of 4.40 to 7.40 dlrs.
+Palladium was 20 to 70 cts firmer in sympathy.
+    Silver continued to set the pace for the metals complex,
+attracting purchases by professional traders and investors amid
+speculation the metal would soon breach selling resistance at
+seven dlrs an ounce in the May delivery.
+    However, quick day-trader profit taking in the silver ring
+spilled over and platinum also backed off from early highs,
+brokers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2764" NEWID="13781">
+<DATE> 7-APR-1987 09:50:40.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0833&#31;reute
+u f BC-live-hog-report   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIVE HOG FUTURES EXPECTED STEADY TO HIGHER</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Live Hog futures were expected to open
+steady to mostly higher after yesterday's mostly higher close.
+    Traders anticipate carryover demand prompted by firmer live
+calls and the continued discount of futures to cash. Hog runs
+are light as farmers are starting spring fieldwork in some
+areas, they noted.
+    Private reports of steady to firm cash pork products and a
+rise in the cutout yesterday was adding to packer interest for
+cash hogs, they said.
+    Spillover strength from higher cattle pits is also likely
+again today, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2765" NEWID="13782">
+<DATE> 7-APR-1987 09:50:59.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0835&#31;reute
+d f BC-INTREPID-MUSEUM-CONTI   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTREPID MUSEUM CONTINUES REORGANIZATION TALKS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>The Intrepid Museum Foundation
+reiterated that it is continuing negotiations with its official
+Bondholders' and creditors' committees concerning the terms of
+a Chapter 11 plan of reorganization.
+    In December 1986, the museuem said it proposed a 20 pct
+cash payment to its bondholders and a 12.5 pct cash payment to
+the unsecured creditors. The museum said it is hopeful of
+filing a plan in the near future.
+    The museum said it has 15.2 mln dlrs principal amount of
+gross revenue bonds outstanding, and approximately 1,350,000 of
+unsecured debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2766" NEWID="13783">
+<DATE> 7-APR-1987 09:51:05.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f0836&#31;reute
+u f BC-IMM/IOM-TOTAL-OPEN-IN   04-07 0099</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+IMM/IOM TOTAL OPEN INTEREST FOR April  6
+         OPEN   CHANGE           OPEN   CHANGE
+ B POUND  41126 up  6256 LUMBER    6964 up  130
+ C DLR    27497 up   207 T-bill   37276 dn  775
+ D MARK   40982 dn   623 CD          36 unch 
+ F FRANC    281 unch     EURODLR 244504 up 2456
+ J YEN    48812 up  2216 SP 500  103238 up 1279 
+ A DLR     2006 up    11 SP 100  -----  ----
+ S FRANC  30329 up   787 SP250 otc ---  ----
+ ec unit     11 up     3 TTL IOM  644058 dn 8148  
+ ttl imm 472860 up 10538
+ Exchange total   1269160 up  3372 
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2767" NEWID="13784">
+<DATE> 7-APR-1987 09:51:53.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0837&#31;reute
+u f BC-u.s.-spot-products   04-07 0133</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S SPOT PRODUCTS--OUTLOOK--APRIL 07 0930 EST
+    Spot oil product markets are expected to open 0.25-0.50
+cent higher this morning, mostly due to small gains in the
+european markets, traders said. London gas oil futures were
+slightly firmer on shortcovering before contract expiration,
+they said. And northwest europe cash products were stable to
+firmer too, they added.
+    spot two oil is expected to open in the 49.00-49.25 range
+in ny harbor this morning, while the 21 day moving average is
+49.75 cts/gal. usg two oil is said to be talked between
+46.80-47.10, compared to 46.77 over three weeks.
+    unleaded gasoline is put at about 51.95 for prompt unleaded
+in nyh, after averaging 51.58 in the last 21 days. usg april
+barrels are talked around 51.70 this morning, versus 51.23 over
+three weeks.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2768" NEWID="13785">
+<DATE> 7-APR-1987 09:51:58.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0838&#31;reute
+u f BC-INDIANA-DIRECT-SEEN-H   04-07 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIANA DIRECT SEEN HIGHER - PRIVATE SOURCES</TITLE>
+<DATELINE>    Indianapolis, April 7 - Partly cloudy - </DATELINE><BODY>Direct hog prices
+expected 0.75 to 1.00 dlr higher, private sources said, with
+country sales seen at 49.50 to 50.50 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2769" NEWID="13786">
+<DATE> 7-APR-1987 09:52:02.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0839&#31;reute
+u f BC-ST-PAUL-CATTLE-OPEN-U   04-07 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST PAUL CATTLE OPEN UP 1.00-1.50 DLR - PRIVATE</TITLE>
+<DATELINE>    St Paul, April 7 - </DATELINE><BODY>Cattle prices opened 1.00 to 1.50 dlr
+higher, private sources said. Steer top 66.00 and Heifers 65.00
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2770" NEWID="13787">
+<DATE> 7-APR-1987 09:52:35.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0841&#31;reute
+d f BC-noranda-buys-shares-o   04-07 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA BUYS SHARES OF SANIVAN GROUP</TITLE>
+<DATELINE>    Toronto, April 6 - </DATELINE><BODY>&lt;Noranda Inc> said it agreed to buy an
+initial 1,000,501 treasury shares of &lt;Sanivan Group Inc> at
+5.25 dlrs per share.
+    Noranda also has an option until June 30, 1988, to acquire
+an additional 1,000,501 Sanivan treasury shares at 5.75 dlrs
+per share.
+    Sanivan is the largest hazardous waste management company
+in Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2771" NEWID="13788">
+<DATE> 7-APR-1987 09:53:33.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0842&#31;reute
+u f BC-PORK-BELLY-FUTURES-EX   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORK BELLY FUTURES EXPECTED STEADY TO HIGHER</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Pork belly futures were expected to open
+steady to higher after yesterday's late strength and sharply
+higher close in the nearby.
+    Traders anticipate carryover demand prompted by steady to
+mostly higher live hog calls and light hog runs. Slaughter is
+likely to remain on the light side and lend support to cash
+product, they said.
+    Private reports of hedger interest for cash product also
+prompted calls of steady to higher for cash bellies this
+morning, they added.
+    Guesses on today's out of town storage report ranged from
+in 1.0 to 2.25 mln lbs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2772" NEWID="13789">
+<DATE> 7-APR-1987 09:53:36.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0843&#31;reute
+u f BC-ST-LOUIS-CATTLE-OPEN   04-07 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST LOUIS CATTLE OPEN UP 0.50-1.00 DLR - PRIVATE</TITLE>
+<DATELINE>    St Louis, April 7 - </DATELINE><BODY>Cattle prices climbed 0.50 to 1.00 dlr
+at the opening, private sources said. STeer top 66.00 and
+Heifers 63.00 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2773" NEWID="13790">
+<DATE> 7-APR-1987 09:53:55.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0845&#31;reute
+u f BC-HUTTON-&lt;EFH>-ENDS-PUR   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUTTON &lt;EFH> ENDS PUROLATOR &lt;PCC> BID</TITLE>
+<DATELINE>    WILTON, Conn., April 7 - </DATELINE><BODY>Emery Air Freight Corp said it has
+entered into an agreement with E.F. Hutton Group Inc EFH under
+which Hutton will terminate its merger agreement with Purolator
+Courier Corp and its pending 35-dlr-per-share tender offer,
+effective April 13.
+    Under its merger agreement, Hutton has the right to
+unilaterally terminate the merger agreement under certain
+circumstances, including its receipt of less than 66-2/3 pct of
+Purolator shares or the start of a higher competing tender
+offer, such as Emery's competing 40 dlr per share offer for
+Purolator stock.
+    Yesterday, Hutton's PC Acquisition Corp subsidiary extended
+its tender offer, which was to have expired at midnight, for
+two more days.  It said it only about 450,000 shares, or 6.5
+pct, of Purolator shares had been tendered and not withdrawn,
+down from an 11.5 pct interest held earlier.
+    Emery's bid expires April 28.
+    Emery said pending the termination of PC Acquisition's
+merger agreement, PC has released Purolator from an agreement
+not to discuss Emery's acquisition proposal with Emery. Emery
+said as a result it is renewing its request that Purolatr enter
+into merger negotiations with it.
+    Emery said if it were to acquire 51 pct of Purolator shares
+or control of the Purolator board, it has agreed not to dispute
+PC Acquisition's right to receive fees that Purolator agreed to
+pay if PC were unsuccessful in acquiring control of Purolator
+due to the acquisition of control by another party.
+    The company said it has also agreed to let Purolator pay
+all of PC Acquisition's documented expenses in connection with
+the merger agreement up to three mln dlrs and Emery has agreed
+to pay the amounts itself should Purolator fail to do so.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2774" NEWID="13791">
+<DATE> 7-APR-1987 09:54:34.67</DATE>
+<TOPICS><D>gold</D><D>reserves</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0846&#31;reute
+u f BC-SOUTH-AFRICAN-GOLD-HO   04-07 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICAN GOLD HOLDINGS RISE IN MARCH</TITLE>
+<DATELINE>    PRETORIA, April 7 - </DATELINE><BODY>South Africa gold holdings rose 172.56
+mln rand to 4.17 billion rand in March after rising 39 mln rand
+to 4.0 billion in February, Reserve Bank figures show.
+    In volume terms gold holdings rose to 5.51 mln ounces in
+March from 5.26 mln ounces in February, valued at 757.24 rand
+an ounce for March versus 754.59 rand an ounce for February.
+    Total gold and foreign assets rose to 6.30 billion rand
+from 6.22 billion, of which the gold content increased to 66.22
+pct from 64.3 pct.
+    Foreign bills remained at zero in March while investments
+fell slightly to 105.69 mln rand from February's 106.56 mln
+rand and other assets to 2.02 billion rand from 2.11 billion,
+the figures showed. Total liabilities fell to 12.21 billion
+rand in March after rising to 13.62 billion in February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2775" NEWID="13792">
+<DATE> 7-APR-1987 09:54:47.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f0848&#31;reute
+u f BC-IOM-OPTIONS-OPEN-INTE   04-07 0076</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+IOM OPTIONS OPEN INTEREST FOR April  6
+           OPEN     CHANGE    VOLUME
+SP 500    46538   up 1126   9480 
+euro dl   153346  up 1201   8296 
+t-bill    875    unch     16  
+b pound   39870  dn 2440   1910 
+d mark    108598 dn 3179   4670 
+j yen     50493  dn 6031   4531 
+s franc   43096  dn 1475  2322 
+c dlr     6682   dn  167  42  
+ttl ops   533856 dn  9557  38502
+grand ttl 1269160 up 3372   260613
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2776" NEWID="13793">
+<DATE> 7-APR-1987 09:54:50.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0849&#31;reute
+u f BC-PARIS-SUGAR-15.45---A   04-07 0030</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PARIS SUGAR 15.45 - APR 7
+ May 1145/1150 Ba
+ Aug 1170/1172 ba
+ Oct 1200/1207 ba
+ Dec 1230/1238 ba
+ Mar 1256/1270 ba
+ May 1292/1310 ba
+ Sales at call nil  accumulative total 870
+ quiet
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2777" NEWID="13794">
+<DATE> 7-APR-1987 09:54:58.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0850&#31;reute
+r f BC-HOTEL-INVESTORS-&lt;HOT>   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOTEL INVESTORS &lt;HOT> HOLDERS APPROVE STOCK SALE</TITLE>
+<DATELINE>    LOS ANGELES, April 7 - </DATELINE><BODY>Hotel Investors Trust and Hotel
+Investors Corp, whose shares are paired and traded together,
+said shareholders approved the sale of 355,556 paired shares to
+John F. Rothman and Ronald A. Young the presidents and chief
+executive officers of the trust and corporation, respectively.
+    Rothman and Young agreed to buy the shares for 22.50 dlrs
+each, subject to shareholder approval, after selling Wester
+Host Inc to Hotel Investors in December. The company had about
+11.4 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2778" NEWID="13795">
+<DATE> 7-APR-1987 09:55:04.88</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>spain</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0851&#31;reute
+u f BC-SPAIN-TO-SELL-BARLEY   04-07 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN TO SELL BARLEY TO SAUDI ARABIA</TITLE>
+<DATELINE>    MADRID, April 7 - </DATELINE><BODY>Spain will shortly sign with Saudi Arabia
+an order for barley for April/May delivery, trade sources said.
+    They gave no details on amounts or prices, but said it
+would be a "major" order.
+    Saudi Arabia bought 500,000 tonnes of Spanish barley last
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2779" NEWID="13796">
+<DATE> 7-APR-1987 09:55:13.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0852&#31;reute
+r f BC-CLAYTON-HOMES-&lt;CMH>-R   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLAYTON HOMES &lt;CMH> REPORTS 3RD QTR SALES RISE</TITLE>
+<DATELINE>    KNOXVILLE, Tenn., April 7 - </DATELINE><BODY>Clayton Homes Inc said revenues
+in the third quarter rose eight pct to 38 mln dlrs.
+    Sales in the nine months ended March 31 rose 12 pct to 126
+mln dlrs from 112 mln dlrs, the homebuilder said.
+    In the quarter, 2,240 homes were sold, up from 2,149 sold
+in the year-ago quarter. Sales to independent dealers rose by
+three mln dlrs, accounting for most of the increase, Clayton
+said.
+    In the nine months, 7,544 homes were sold compared to 7,043
+in last year's period.
+    Earnings will be released April 14, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2780" NEWID="13797">
+<DATE> 7-APR-1987 09:55:22.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0853&#31;reute
+r f BC-TWISTEE-TREAT-&lt;TWST>   04-07 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWISTEE TREAT &lt;TWST> SETS STORE DEVELOPMENT</TITLE>
+<DATELINE>    NORTH FORT MYERS, Fla., April 7 - </DATELINE><BODY>Twistee Treat Corp said
+it has signed letters of intent for four investor group to
+develop a total of 585 additional Twistee Treat Ice Cream
+Stores in western New York, California, North Carolina, South
+Carolina and Texas.
+    The company said the agreements call for the opening of at
+least 83 locations in the next 12 months and completion of
+remaining stores by 1989.
+    It said it expects area development fee income of over two
+mln dlrs in cash over the next three years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2781" NEWID="13798">
+<DATE> 7-APR-1987 09:55:29.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0854&#31;reute
+b f BC-FRANCE'S-CNA-ISSUES-1   04-07 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE'S CNA ISSUES 120 MLN ECU EUROBOND</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>Caisse Nationale des Autoroutes is issuing
+a 120 mln ecu, 7-3/8 pct bond due May 15, 1995 at 101-3/4 pct,
+lead manager Credit Lyonnais (CL) said.
+    The non-callable issue of senior debt, guaranteed by
+France, has fees of 1-1/4 pct for selling and 5/8 pct for
+management and underwriting including a 1/8 pct praecipuum.
+    "A management group is being put together and we are selling
+well inside the fees," a CL spokesman said.
+    Payment date is May 15, denominations are of 1,000 and
+10,000 ECUs and listing is in Luxembourg.
+    Co-leads are Shearson Lehman and Nippon European Bank SA.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2782" NEWID="13799">
+<DATE> 7-APR-1987 09:55:50.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0856&#31;reute
+u f BC-average-prices   04-07 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The U.S. Agriculture Department
+reported the farmer-owned reserve national five-day average
+price through April 6 as follows (Dlrs/Bu-Sorghum Cwt) -
+         Natl   Loan           Release   Call
+         Avge   Rate-X  Level    Price  Price
+ Wheat   2.64   2.40       IV     4.65     --
+                            V     4.65     --
+                           VI     4.45     --
+ Corn    1.40   1.92       IV     3.15   3.15
+                            V     3.25     --
+ X - 1986 Rates.
+          Natl   Loan          Release   Call
+          Avge   Rate-X  Level   Price  Price
+ Oats     1.57   0.99        V    1.65    -- 
+ Barley   1.49   1.56       IV    2.55   2.55
+                             V    2.65    -- 
+ Sorghum  n.a.   3.25-Y     IV    5.36   5.36
+                             V    5.54    -- 
+ Reserves I, II and III have matured. Level IV reflects grain
+entered after Oct 6, 1981, for feedgrain and after July 23,
+1981, for wheat. Level V wheat/barley after 5/14/82,
+corn/sorghum after 7/1/82. Level VI covers wheat entered after
+January 19, 1984.  X-1986 rates. Y-dlrs per CWT (100 lbs).
+n.a.-not available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2783" NEWID="13800">
+<DATE> 7-APR-1987 09:56:47.77</DATE>
+<MKNOTE> All five tag fields added as empty fields SPF </MKNOTE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V F
+&#22;&#22;&#1;f0859&#31;reute
+u f BC-QT8912   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS LOWER IN EARLY TRADING</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Weakness in the dollar and a subsequent
+easing of bond prices underscored Wall Street's lingering
+anxiety with interest rates and inflation, prompting investors
+to take profits. The decline, though mild, was broad based.
+    The Dow Jones Industrial Average, which recorded its 33rd
+record high of the year yesterday, when it passed the 2400
+level for the first time, fell 10 points to 2396 this morning.
+Declines led advances three to two on volume of 19 mln shares.
+Bellsouth led the actives with a loss of 1/4 to 39-1/4. IBM
+fell 1/4 to 149-1/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2784" NEWID="13801">
+<DATE> 7-APR-1987 09:57:01.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0861&#31;reute
+r f BC-PRICES-SLIGHTLY-LOWER   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRICES SLIGHTLY LOWER AT NAIROBI COFFEE AUCTION</TITLE>
+<DATELINE>    NAIROBI, April 7 - </DATELINE><BODY>Prices for the better quality "AB" grades
+were steady but those for all others were lower at the weekly
+Nairobi coffee auction, the Mild Coffee Trade Association
+(MCTA) said.
+    Sources at the major coffee broking firms said prices were
+generally irregular and were 30 to 50 shillings (1.9 to 3
+dollars) lower per 50 kg, on the previous week's levels.
+    The demand was good and all quality coffees were sold, they
+added.
+    The MCTA said the Coffee Board of Kenya (CBK) offered
+35,000 bags as it did last week, and sold 95 pct.
+    Prices per 50 kg were as follows, last week's in brackets:
+ T 1405 1755(1430 1695)   E 2200 2295(2190 2295)
+TT 2000 2129(1900 2303)  PB 2280 2333(2202 2349)
+ C 1750 2239(1720 2282)  AA 2200 2650(2250 2600)
+AB 2000 2350(2100 2419) MSC  700 2199 (850 2190)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2785" NEWID="13802">
+<DATE> 7-APR-1987 09:57:11.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0863&#31;reute
+b f BC-LONDON-PLATINUM/PALLA   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON PLATINUM/PALLADIUM AFTERNOON - APR 7
+ PLATINUM
+ 349.70 stg
+ 566.35 dlrs
+ PALLADIUM
+  80.15 stg
+ 129.80 dlrs
+ per troy ounce
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2786" NEWID="13803">
+<DATE> 7-APR-1987 09:58:22.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0865&#31;reute
+u f BC-agriculture-loan   04-07 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AGRICULTURE LOAN REPORT</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The U.S. Agriculture Department
+released its loan activity report, as of April 1, in mln
+bushels, with previous week figures underneath.--
+ 1986 Crops --    Wheat     Corn   Soybean  
+ Under Loan       505.6   4,612.1     321.3
+                  503.9   4,583.0     320.7
+ Redeemed         206.4   1,357.3      46.1
+                  195.2   1,256.0      42.3
+ Acquired by CCC    0.2       1.0       0.1
+                    0.1       1.0       0.1
+ Reserve            nil       nil       n/a
+                    nil       nil       n/a
+ Outstanding      299.0   3,253.8     275.1                  
+		  308.6   3,326.9     278.3
+ N/A - not eligible for reserve.
+    1985 Crops
+                  Wheat     Corn   Soybeans
+ Total Loans      840.8   3,130.1     516.8
+                  840.6   3,129.2     516.8
+ Redeemed         147.5     590.9     205.8
+                  146.2     587.0     205.6
+ Acquired by CCC  462.1   1,158.0     260.0
+                  460.7   1,139.6     257.5
+ Grain Reserve    180.0     786.0       n/a
+                  179.5     774.0       n/a
+ Outstanding       51.2     595.2      51.0
+                   54.2     628.6      53.7
+ N/A-Not eligible for reserve.
+    1984 crops
+                 Wheat      Corn    Soybeans
+ Total Loans     284.5    1,097.3     278.3
+                 284.5    1,097.3     278.3
+ Redeemed         98.4      443.1     126.5
+                  98.2      443.0     126.5
+ Acquired by CCC  86.8      258.4     150.5
+                  86.8      258.4     150.5
+ Grain Reserve    98.4      383.8       N/A
+                  98.6      383.8       N/A
+ Outstanding       0.9       12.0       1.3
+                   0.9       12.1       1.3
+    1985 Crops
+                   Cotton-x  Rice-y  Sorghum-y
+ Total Loans        7,329.7    75.0      200.8
+                    7,329.6    75.0      200.8
+ Redeemed           6,406.5    56.1       19.5
+                    6,339.3    51.0       19.1
+ Acquired by CCC      117.1    16.2      136.4
+                      113.8    16.2      135.5
+ Grain Reserve          nil     nil       24.4
+                        nil     nil       24.1
+ Outstanding          806.1     2.7       20.5
+                      876.5     7.8       22.1
+ x - in thousand running bales. y - in mln cwts
+    1986 Crops (in mln bushels)
+                Cotton-X   Rice-Y   Sorghum-Y
+ Under Loan      6,016.3    129.5       216.6
+                 5,995.7    129.0       216.0
+ Redeemed        1,769.7     67.7        37.6
+                 1,635.1     66.3        36.2
+ Acquired by CCC     nil      nil         nil
+                     nil      nil         nil
+ Reserve             N/A      N/A         nil
+                     N/A      N/A         nil
+ Outstanding     4,246.6     61.8       179.0
+                 4,360.6     62.7       179.8
+ N/A - Not eligible for reserve.
+ X - in thousand running bales. Y - in mln cwt
+    1984 Crops
+                   Cotton-x  Rice-y  Sorghum-y
+ Total Loans        2,956.8    57.8       36.4
+                    2,956.8    57.8       36.4
+ Redeemed           2,273.4    27.0       15.1
+                    2,257.8    27.0       15.1
+ Acquired by CCC      642.8    30.8       13.2
+                      642.2    30.8       13.2
+ Grain Reserve          nil     nil        8.0
+                        nil     nil        8.0
+ Outstanding           40.6     nil        0.1
+                       56.8     nil        0.1
+ x - in thousand running bales. y - in mln cwts
+    1985 Crops (In mln bushels)
+                   Barley   Oats   Rye
+ Under Loan         158.4    5.6   4.1
+                    158.3    5.6   4.1
+ Redeemed            50.7    1.7   0.9
+                     50.4    1.7   0.8
+ Acquired by CCC     45.5    1.5   2.5
+                     44.9    1.5   2.5
+ Reserve             42.6    1.3   nil
+                     41.3    1.3   nil
+ Outstanding         19.6    1.1   0.7
+                     20.7    1.1   0.8
+    1986 Crops (In mln bushels)
+                   Barley   Oats   Rye
+ Under Loan       162.3      7.7   5.7
+                  162.0      7.7   5.7
+ Redeemed          64.1      3.1   1.7
+                   61.6      2.8   1.7
+ Acquired by CCC    nil      nil   nil
+                    nil      nil   nil
+ Reserve            nil      nil   nil
+                    nil      nil   nil
+ Outstanding       98.2      4.6   4.0
+                  100.4      4.9   4.0
+    1984 Crops     Barley   Oats   Rye
+ Under Loan          56.9    3.2  10.1
+                     56.9    3.2  10.1
+ Redeemed            14.7    2.1   0.2
+                     14.6    2.1   0.2
+ Acquired by CCC     20.0    0.4   9.9
+                     20.0    0.4   9.9
+ Reserve             22.0    0.7   nil
+                     22.1    0.7   nil
+ Outstanding          0.2    nil   nil
+                      0.2    nil   nil
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2787" NEWID="13804">
+<DATE> 7-APR-1987 09:59:07.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0867&#31;reute
+u f BC-FRENCH-METALS---APR-7   04-07 0067</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FRENCH METALS - APR 7
+ In francs per 100 kilos unless otherwise stated
+ Tin Straits unq           Lead 316
+ Zinc 495                  Electro 503
+ Antimony 1810             Cadmium 2000
+ Bismuth unq               Aluminium 1310
+ Nickel 3285               Cobalt 9320
+ Silver 120400/156800      Quicksilver 5500
+ Platinum 99900/133200 per kilo
+ Palladium 22900/30600 per kilo
+ Iridium 70600/94100 per kilo
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2788" NEWID="13805">
+<DATE> 7-APR-1987 09:59:30.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0869&#31;reute
+u f BC-IA-SO-MINN-DIRECT-HOG   04-07 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IA SO-MINN DIRECT HOGS SEEN UP 1.00 DLR-PRIVATE</TITLE>
+<DATELINE>    Sioux City, April 7 - Clear/sunny - </DATELINE><BODY>Iowa direct hog prices
+are expected 1.00 dlr higher, private sources said. Country
+sales seen at 49.00 to 50.00 and Plants at 50.00 to 51.00 dlrs
+per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2789" NEWID="13806">
+<DATE> 7-APR-1987 10:00:31.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0872&#31;reute
+u f BC-certif-cotton-stocks   04-07 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CERTIFICATED COTTON STOCKS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Certificated cotton stocks deliverable
+on the New York Cotton Exchange No 2 cotton futures contract as
+of April 6 were reported at 35,082 bales, down 336 bales from
+the previous day's figure. There were no bales awaiting review
+and 169 bales awaiting decertification.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2790" NEWID="13807">
+<DATE> 7-APR-1987 10:00:41.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0874&#31;reute
+u f BC-LIFFE-VOLUMES-HIGHER   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFFE VOLUMES HIGHER IN MARCH</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Turnover on the London International
+Financial Futures Exchange (LIFFE) rose to 1.16 mln contracts
+in March, up from 517,746 a year earlier, figures issued by the
+International Commodities Clearing House (ICCH) show.
+    Turnover for the whole of the first quarter was 2.87 mln
+contracts against 1.52 mln in the same period last year.
+    The biggest increases in March were seen for gilt options,
+long gilt futures and short sterling, the ICCH figures show.
+    Key figures given by the ICCH were as follows-
+                   March 87      March  86
+    Gilt options      92,182       19,046
+    Stg/dlr options    2,640       14,375
+    FTSE              25,741       10,444
+    Short sterling   147,863       72,118
+    20-year gilt     700,102      172,564
+    Eurodollars      107,988       71,671
+    T-bonds           72,319      136,749
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2791" NEWID="13808">
+<DATE> 7-APR-1987 10:01:02.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0875&#31;reute
+r f BC-TANDEM-COMPUTER-&lt;TDM>   04-07 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDEM COMPUTER &lt;TDM> NOW TRADING ON NYSE</TITLE>
+<DATELINE>    CUPERTINO, Calif., April 7 - </DATELINE><BODY>Tandem Computer Inc said its
+common stock is now listed on the New York Stock Exchange under
+the symbol TDM.
+    The company's securities were previously traded on the
+NASDAQ National Market System under the synbol TNDM.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2792" NEWID="13809">
+<DATE> 7-APR-1987 10:01:43.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>colombia</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0876&#31;reute
+b f BC-COLOMBIA-ARRANGING-TW   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA ARRANGING TWO CO-FINANCINGS FOR PROJECTS</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Colombia is in the process of arranging
+two co-financings for projects in the electrical sector,
+director of public credit Mauricio Cabrera said.
+    He told journalists he expects an 86.6 mln dlr loan to be
+co-financed by the Inter-American Development Bank (IADB) to be
+completed by the middle of next month.
+    He also said talks have just concluded with the World Bank
+on a 200 mln dlr co-financing and that discussions with the
+bankers will begin later this month.
+    Cabrera was here for the signing yesterday of a 50 mln dlr
+floating rate note.
+    The floating rate note was the first such issue for
+Colombia, which has had limited access to the international
+capital markets since the eruption of the international debt
+crisis in 1982, despite its ability to avoid a rescheduling.
+    The IADB co-financing is for Interconexion Electrica SA
+(ISA), a public electricity utility. The loan is for 10 years,
+with four years grace. Interest will be at 1-1/8 pct during the
+grace period after which the margin will rise to 1-1/4 pct,
+Cabrera said. There is also a front end fee of one pct.
+    The cost of the project totals 301.6 mln dlrs, of which ISA
+will contribute about 100 mln and the IADB 115 mln, he added.
+    Fuji Bank Ltd and Samuel Montagu and Co Ltd are arranging
+the commercial bank portion of the financing. Cabrera noted
+that only about 20 pct of the loan will be drawn this year.
+    He said the World Bank co-financing is likely to come to
+the market no earlier than June. It is part of an overall
+financing for various projects in the electrical sector that
+will take four years and cost about 300 mln dlrs a year.
+    Of the total cost, he expects the World Bank and the IADB
+to contribute about 700 mln dlrs, with the Export-Import Bank
+of Japan lending between 200 and 300 mln. The balance will come
+from commercial banks.
+    Cabrera said that Colombia also plans one other issue in
+the international capital markets this year.
+    The country expected to launch up to 120 mln dlrs in
+floating rate notes, but the market has virtually disappeared
+in the past few months as supply outstripped demand and the
+number of market makers contracted sharply.
+    Cabrera said he is now considering several options,
+including a fixed rate Eurobond and an issue in Japan. Last
+year Colombia arranged a private placement in Japan for the
+equivalent of about 40 mln dlrs. Although it prefers a public
+issue, Colombia would place any financing in Japan privately.
+    Bankers noted that the floating rate note signed yesterday,
+which was for seven years with four years grace and paid 1-1/8
+pct over Libor, was basically a "disguised loan."
+    Cabrera said that as of December 31, 1986, Colombia had 11
+billion dlrs of public sector foreign debt and 3.4 billion dlrs
+of private sector debt.
+    Of its planned total borrowings this year of two billion
+dlrs, he said that about 1.4 billion had been arranged before
+the end of 1986 and that most of the borrowings in 1987 will be
+drawn in future years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2793" NEWID="13810">
+<DATE> 7-APR-1987 10:01:46.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0877&#31;reute
+b f BC-LONDON-COPPER-INDICAT   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COPPER INDICATION AT 1500 - APR 7
+    At 1500 London time metal dealers indicating Copper three
+months Grade "A' at 880 to 882 stg per tonne.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2794" NEWID="13811">
+<DATE> 7-APR-1987 10:01:54.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f0878&#31;reute
+b f BC-LONDON-DOLLAR-FLUCTUA   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DOLLAR FLUCTUATIONS 1500 - APRIL 7
+ STG 1.6185/90
+ DMK 1.8240/50
+ SFR 1.5127/37
+ DFL 2.0575/85
+ FFR 6.0650/0700
+ YEN 145.20/30
+ LIT 1299/1300
+ BFC 37.76/79
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2795" NEWID="13812">
+<DATE> 7-APR-1987 10:02:02.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f0879&#31;reute
+u f BC-N.Y.-COMEX-COPPER-OPG   04-07 0066</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMEX COPPER OPG TRENDS 7-APR
+          OPEN     P SETT
+ APR7 6270B 6280A    6255
+ MAY7 6290           6265
+ JUN7 6265B 6275A    6250
+ JUL7 6250           6235
+ SEP7 6275           6250
+ DEC7 6270           6275
+ JAN8 6305B 6315A    6290
+ MAR8 6340B 6350A    6325
+ MAY8 6380B 6390A    6365
+ JUL8 6420B 6430A    6405
+ SEP8 6460B 6470A    6445
+ DEC8 6510B 6520A    6495
+ JAN9 6525B 6535A    6510
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2796" NEWID="13813">
+<DATE> 7-APR-1987 10:02:20.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f0880&#31;reute
+u f BC-NY-COFFEE-OPG-TRENDS   04-07 0045</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COFFEE OPG TRENDS 7-APR
+           OPEN      P SETT
+ MAY7  10230L 10250H 10204
+ JUL7  10390L 10410H 10400
+ SEP7  10600L 10620H 10605
+ DEC7  10890L 10899H 10900
+ MAR8  11100         11050
+ MAY8  11150B 11300A 11250
+ JUL8  11300B 11350A 11413
+ SEP8  11350B        11487
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2797" NEWID="13814">
+<DATE> 7-APR-1987 10:02:38.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0882&#31;reute
+u f BC-midwest-cash-grain   04-07 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST CASH GRAIN - MODEST MOVEMENT, BIDS FIRM</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Country movement of corn and soybeans
+increased modestly this morning, and basis bids were steady to
+higher, cash grain dealers said.
+    Basis bids firmed in response to lower rates for barge
+freight, traders said, noting that the Ohio River is swelling
+with snow runoff, discouraging barge loadings because of the
+high water levels.
+    Moderate bookings continued in new crop soybeans, mostly
+for January 1988 delivery, with farmers pricing at least a
+portion of their crop at five dlrs a bushel or better when bids
+emerge at that level, they said.
+    Movement in Iowa was expected to slow considerably in the
+next few days, as farmers are beginning field work, they said.
+    Dealers bid 104 and offered 106 pct for PIK certificates.
+                  CORN             SOYBEANS
+ TOLEDO         5 UND MAY UP 1   2 UND MAY UNC
+ CINCINNATI     1 OVR MAY UP 2   3 OVR MAY UP 2
+ NEW HAVEN     12 UND MAY UNC    4 UND MAY UNC
+ N.E. INDIANA  11 UND MAY UNC    MAY PRICE UNC
+ CHICAGO        4 UND MAY UNC    3 UND MAY UP 2
+ PEKIN          2 UND MAY UP 1   2 UND MAY UP 1
+ DECATUR        1 UND MAY UNC    2 OVR MAY UNC
+ DAVENPORT      3 UND MAY UP 3   4 UND MAY UP 1
+ CEDAR RAPIDS   9 UND MAY UP 1  14 UND MAY UP 1
+                  HRW WHEAT
+ TOLEDO  58 LB 25 OVR MAY UNC
+ CHICAGO 57 LB 35 OVR MAY UNC
+ CINCINNATI DP 10 OVR MAY UNC
+ NE INDIANA DP 10 OVR MAY UNC
+ PIK CERTIFICATES - 104 PCT BID/106 PCT OFRD UNC
+ NC - NO COMPARISON  UA - UNAVAILABLE
+ UNC - UNCHANGED DP - DELAYED PRICING
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2798" NEWID="13815">
+<DATE> 7-APR-1987 10:02:41.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M
+&#22;&#22;&#1;f0883&#31;reute
+u f BC-LONDON-SILVER-INDICAT   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SILVER INDICATION AT 1500 - APR 7
+    London metal dealers indicating Silver three months at
+420.0 to 422.0 pence per troy ounce.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2799" NEWID="13816">
+<DATE> 7-APR-1987 10:02:56.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f0885&#31;reute
+u f BC-nymex-delivery   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. MERCANTILE DELIVERY NOTICES - APRIL 7
+PLATINUM
+ Delivery for Apl 7 Prudential Bache 1,
+ Barnes 1.
+ total 2.
+ Acceptances for Apl 7 Cargill 1 and
+ Merrill Lynch 1.
+ total 2.
+PALLADIUM
+Delivery for Apl 7  nil.
+Acceptance for Apl 7 nil.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2800" NEWID="13817">
+<DATE> 7-APR-1987 10:03:03.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f0886&#31;reute
+u f BC-NY-COCOA-1000   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COCOA 1000
+ MAY7  1928 OFF 6
+ JUL7  1960 OFF 7
+ SEP7  1982 OFF 7
+ DEC7  2013 OFF 2
+ MAR8 UNTRD
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2801" NEWID="13818">
+<DATE> 7-APR-1987 10:03:13.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0887&#31;reute
+b f BC-midwest-cash-grain   04-07 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST CASH GRAIN - MODEST MOVEMENT, BIDS FIRM</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Country movement of corn and soybeans
+increased modestly this morning, and basis bids were steady to
+higher, cash grain dealers said.
+    Basis bids firmed in response to lower rates for barge
+freight, traders said, noting that the Ohio River is swelling
+with snow runoff, discouraging barge loadings because of the
+high water levels.
+    Moderate bookings continued in new crop soybeans, mostly
+for January 1988 delivery, with farmers pricing at least a
+portion of their crop at five dlrs a bushel or better when bids
+emerge at that level, they said.
+    Movement in Iowa was expected to slow considerably in the
+next few days, as farmers are beginning field work, they said.
+    Dealers bid 104 and offered 106 pct for PIK certificates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2802" NEWID="13819">
+<DATE> 7-APR-1987 10:03:17.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f0888&#31;reute
+u f BC-NY-COMEX-SILVER-10-00   04-07 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX SILVER 10:00
+
+ APR7  6670 UP  122
+ MAY7  6695 UP  115
+ JUN7  6770 UP  153
+ JUL7  6785 UP  131
+ SEP7  6860 UP  130
+ DEC7  6965 UP  127
+ JAN8 UNTRD
+ MAR8  7100 UP  154
+ MAY8  7250 UP  225
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2803" NEWID="13820">
+<DATE> 7-APR-1987 10:03:32.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f0890&#31;reute
+u f BC-NY-COMEX-GOLD-10-01   04-07 0036</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX GOLD 10:01
+ APR7  4205 UP  20
+ MAY7 UNTRD
+ JUN7  4235 UP  9
+ AUG7  4280 UP  7
+ OCT7  4335 UP  18
+ DEC7  4375 UP  14
+ FEB8  4425 UP  18
+ APR8 UNTRD
+ JUN8 UNTRD
+ AUG8 UNTRD
+ OCT8 UNTRD
+ DEC8 UNTRD
+ FEB9 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2804" NEWID="13821">
+<DATE> 7-APR-1987 10:03:43.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ
+&#22;&#22;&#1;f0892&#31;reute
+u f BC-NASDAQ-COMP-10-01   04-07 0007</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NASDAQ COMP 10:01
+COMP   437.04   OFF 0.74
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2805" NEWID="13822">
+<DATE> 7-APR-1987 10:04:03.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0893&#31;reute
+f f BC-******UNISYS-OFFERS-E   04-07 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNISYS OFFERS EIGHT NEW MODELS OF ITS A15 LARGE MAINFRAME COMPUTER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2806" NEWID="13823">
+<DATE> 7-APR-1987 10:04:22.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M F
+&#22;&#22;&#1;f0894&#31;reute
+b f BC-ny-silver-clsg-report   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMEX SILVER FUTURES SOAR AT OPENING</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex silver futures opened 15 to 18
+cents higher and then retreated slightly as followthrough
+buying slowed.
+    May was up 12.5 cents at 6.705 dlrs from a high of 6.75
+dlrs. July was up 13.1 cents at 6.785 dlrs from 6.84 dlrs.
+    Traders said large commission houses were buyers on the
+open but encountered profit-taking and a slowdown in orders.
+    Some traders said the market is starting to look overbought
+technically and vulnerable to a correction.
+    But they added that speculators continue to view the market
+as a good buy relative to gold.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2807" NEWID="13824">
+<DATE> 7-APR-1987 10:05:13.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f0897&#31;reute
+b f BC-ECU/EUA---APRIL-7   04-07 0064</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ECU/EUA - APRIL 7 BFR COM 43.0395            US 1.14034 BFR FIN
+43.1991            SFR 1.72386 DMK 2.07828                SPAIN
+145.679 DFL 2.34512                SKR 7.23834 STG 0.704134    
+          NKR 7.77430 DKR 7.83075                CAN 1.49100
+FFR 6.91391                PORT 160.618 LIT 1480.74            
+   FINLAND 5.06598 IRL 0.777331               YEN 165.464
+GREECE 152.510
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2808" NEWID="13825">
+<DATE> 7-APR-1987 10:05:19.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0898&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-07 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 205 MLN STG LATE HELP</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The Bank of England said it provided the
+money market with late assistance of around 205 mln stg.
+    This takes the Bank's total help today to some 713 mln stg
+and compares with its latest estimate of a system deficit of
+around 900 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2809" NEWID="13826">
+<DATE> 7-APR-1987 10:05:32.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0899&#31;reute
+r f BC-PHOTON-TECHNOLOGY-&lt;PH   04-07 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOTON TECHNOLOGY &lt;PHON> FINALIZES AGREEMENT</TITLE>
+<DATELINE>    PRINCETON, N.J., April 7 - </DATELINE><BODY>Photon Technology International
+said it signed a research and development agreement with &lt;M-L
+Technology Ventures L.P.>, a research and development limited
+partnership sponsored by Merrill Lynch Capital Markets
+   The agreement calls for MLTV to pay Photon more than 3.1 mln
+dlrs over a three-year period to develop new electro-optical
+technologies with applications in the medical field, the
+company said.
+    In 1988, MLTV may, at its option, have the right to acquire
+warrants to purchase, during the next six years, 475,000 shares
+of the company's common stock at 6.50 dlrs per share, adjusted
+for future earnings, Photon said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2810" NEWID="13827">
+<DATE> 7-APR-1987 10:05:44.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0901&#31;reute
+r f BC-FHLBB-CHANGES-SHORT-T   04-07 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The Federal Home Loan Bank Board
+adjusted the rates on its short-term discount notes as follows:
+    MATURITY   NEW RATE  OLD RATE  MATURITY
+  30-176 days  5.00 pct  5.00 pct   30-273 days
+ 177-195 days  5.83 pct  5.90 pct  274-294 days
+ 196-271 days  5.00 pct  5.00 pct  295-344 days
+ 272-295 days  5.91 pct  5.93 pct  345-360 days
+ 296-341 days  5.00 pct
+ 342-346 days  5.90 pct
+ 347-360 days  5.00 pct
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2811" NEWID="13828">
+<DATE> 7-APR-1987 10:05:58.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0902&#31;reute
+u f BC-cbt-corn-pre-opg   04-07 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT CORN FUTURES EXPECTED STEADY TO FIRMER</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT corn futures were expected to open
+steady to firmer, supported by a much larger than expected
+weekly corn export inspection figure yesterday, traders said.
+    Modest country movement will allow an initial advance.
+----
+ Original holders of expired generic commodity certificates
+that expired from December 31, 1986, through March 31, 1987,
+may exchange the certificates for cash, the USDA said...The
+USDA reported U.S. soybean export inspections totalled
+10,844,000 bushels in the week ended April 2, compared to
+17,683,000 the previous week and 13,979,000 bushels in the year
+ago week, with wheat 16,363,000 bushels, 20,717,000 and
+11,253,000 respectively and corn 46,652,000 bushels, 36,581,000
+and 13,844,000 bushels respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2812" NEWID="13829">
+<DATE> 7-APR-1987 10:06:24.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ LQ MQ TQ
+&#22;&#22;&#1;f0904&#31;reute
+b f BC-money-rates-int'l   04-07 0105</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MONEY RATES - INTERNATIONAL SUMMARY - APR 7
+    U.S.
+Fed funds               6-1/8
+Broker loan             7.50-7.25
+                  30        60        90
+T-bills        5.39/37   5.40/38   5.52/51
+Cds dir         5.95       6.00       6.00
+Comm paper dir  6.16       6.16       6.13
+    INTERNATIONAL
+         CALL       1 MONTH          3 MONTH
+Ldn  10-1/4  1/8  10-1/16 9-15/16   9-7/8   3/4Fft  3.60/70    
+    3.80/85         3.80/90
+Par     unav            unav            unav
+Zur  7/8   1-1/8  2-15/16  3-1/16   3-1/2  5/8
+Ams  5-3/8   1/2   5-5/16   7/16  5-5/16   7/16Tok  3.6250 
+6875  3.8125  8750   3.9375 4.0000
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2813" NEWID="13830">
+<DATE> 7-APR-1987 10:06:32.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0905&#31;reute
+u f BC-QT8912   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS LOWER IN EARLY TRADING</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Weakness in the dollar and a subsequent
+easing of bond prices underscored Wall Street's lingering
+anxiety with interest rates and inflation, and prompted
+investors to take some profits. The decline, though mild, was
+broad based.
+    The Dow Jones Industrial Average, which recorded its 33rd
+record high of the year yesterday, when it passed the 2400
+level for the first time, fell 10 points to 2396 this morning.
+Declines led advances three to two on volume of 19 mln shares.
+Bellsouth led the actives with a loss of 1/4 to 39-1/4. IBM
+fell 1/4 to 149-1/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2814" NEWID="13831">
+<DATE> 7-APR-1987 10:07:09.49</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0906&#31;reute
+f f BC-******VOLCKER-SAYS-FU   04-07 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VOLCKER SAYS FURTHER SIZEABLE DECLINE IN DOLLAR COULD BE COUNTERPRODUCTIVE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2815" NEWID="13832">
+<DATE> 7-APR-1987 10:07:28.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0908&#31;reute
+d f BC-LIFFE-VOLUMES-HIGHER   04-07 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFFE VOLUMES HIGHER IN MARCH</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Turnover on the London International
+Financial Futures Exchange (LIFFE) rose to 1.16 mln contracts
+in March, up from 517,746 a year earlier, figures issued by the
+International Commodities Clearing House (ICCH) show.
+    Turnover for the whole of the first quarter was 2.87 mln
+contracts against 1.52 mln in the same period last year.
+    The biggest increases in March were seen for gilt options,
+long gilt futures and short sterling, the ICCH figures show.
+    Key figures given by the ICCH were as follows-
+                    March 87     March 86
+    Gilt options      92,182       19,046
+    Stg/dlr options    2,640       14,375
+    FTSE              25,741       10,444
+    Short sterling   147,863       72,118
+    20-year gilt     700,102      172,564
+    Eurodollars      107,988       71,671
+    T-bonds           72,319      136,749
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2816" NEWID="13833">
+<DATE> 7-APR-1987 10:07:33.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0909&#31;reute
+u f BC-AMEX-DELAY---HUDSON-F   04-07 0010</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AMEX DELAY - HUDSON FOODS INC &lt;HFI>, INFO REQUESTED, LAST 20
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2817" NEWID="13834">
+<DATE> 7-APR-1987 10:08:08.24</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0911&#31;reute
+r f BC-BRAZILIAN-COFFEE-RAIN   04-07 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN COFFEE RAINFALL</TITLE>
+<DATELINE>    SAO PAULO, APRIL 7 - </DATELINE><BODY>THE FOLLOWING RAINFALL WAS RECORDED IN
+THE AREAS OVER THE PAST 24 HOURS
+    PARANA STATE: UMUARAMA NIL, PARANAVAI NIL, LONDRINA NIL,
+MARINGA NIL.
+    SAO PAULO STATE PRESIDENTE PRUDENTE NIL, VOTUPORANGA NIL,
+FRANCA NIL, CATANDUVA NIL, SAO CARLOS NIL, SAO SIMAO NIL.
+    MINAS GERAIS STATE: GUAXUPE 33.0 MILLIMETRES, TRES PONTAS
+5.0 MM. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2818" NEWID="13835">
+<DATE> 7-APR-1987 10:08:25.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0913&#31;reute
+u f BC-CARGILL-U.K.-STRIKE-E   04-07 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARGILL U.K. STRIKE ENDS</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Cargill U.K. Ltd's oilseed processing
+plant in Seaforth, northwest England, will resume operations
+tomorrow morning following settlement of a labour dispute which
+has paralysed production there since December 19, a company
+spokesman said.
+    It is likely to resume deliveries of soymeal and oil within
+a couple of days. Force majeure had previously been declared
+for supplies up to, and including May, but the company will
+attempt to fulfill all outstanding contracts, the spokesman
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2819" NEWID="13836">
+<DATE> 7-APR-1987 10:08:29.00</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0914&#31;reute
+f f BC-******VOLCKER-SAYS-EX   04-07 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VOLCKER SAYS EXCHANGE RATE ADJUSTMENT ENOUGH TO NARROW U.S. TRADE DEFICIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2820" NEWID="13837">
+<DATE> 7-APR-1987 10:08:39.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM FQ EQ
+&#22;&#22;&#1;f0915&#31;reute
+u f BC-ny-money-opg   04-07 0076</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. MONEY OPENING - APR 7
+ Federal funds  6-1/8
+ Prime rate     7.75
+ Broker loan    7.50-7.25
+ COMM PAPER THROUGH DEALERS
+ 30-179 days   6.23
+ COMMERCIAL PAPER PLACED DIRECTLY
+ 30-89  days   6.16
+ 90-119 days   6.13
+ 120-179 days  6.06
+ 180-270 days  6.03
+ BANKERS ACCEPTANCES (TOP NAME DEALER)
+ 30-119 days   6.16
+ 120-179 days  6.15
+ 180-209 days  6.14
+ BANKERS ACCEPTANCES (BANKS BID/ASK)
+ 30-179  days 6.17/07
+ 180--   days 6.17/07
+ TREASURY BILLS
+   90 days       5.52/51
+  180 days       5.67/66
+  360 days       5.76/75
+ CERTIFICATES OF DEPOSIT
+   30-59  days   5.95
+   60-119 days   6.00
+  120-269 days   6.08
+  270-359 days   6.15
+  360-390 days   6.20
+ MOODY'S YIELD FIGURES
+  Aaa corp        unav
+  Aaa utilities   unav
+  Aa rails        unav
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2821" NEWID="13838">
+<DATE> 7-APR-1987 10:09:22.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;LQ
+&#22;&#22;&#1;f0917&#31;reute
+u f BC-omaha-hogs-avge-price   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+OMAHA AVERAGE PRICE/WEIGHTS -- APRIL 7 - USDA
+    For April 6 
+                 WEIGHT  PRICE
+ BARROWS-GILTS   251     49.63
+ YEAR AGO        249     38.70
+ ALL HOGS        289     48.10
+ YEAR AGO        280     38.57
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2822" NEWID="13839">
+<DATE> 7-APR-1987 10:09:37.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0919&#31;reute
+r f BC-BRAZILIAN-SOY-RAINFAL   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN SOY RAINFALL</TITLE>
+<DATELINE>    SAO PAULO, APRIL 7 - </DATELINE><BODY>THE FOLLOWING RAINFALL WAS RECORDED IN
+THE 24 HOURS UP TO (1200) GMT TODAY
+    PARANA STATE: CASCAVEL NIL, PONTA GROSSA 0.2 MILLIMETRES,
+CAMPO MOURAO NIL, LONDRINA NIL, MARINGA NIL.
+    RIO GRANDE DO SUL STATE: PASSO FUNDO NIL, SANTA MARIA NIL,
+CRUZ ALTA NIL, SAO LUIZ GONZAGA NIL. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2823" NEWID="13840">
+<DATE> 7-APR-1987 10:09:40.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f0920&#31;reute
+u f BC-ny-metals-est-vols   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. METALS FUTURES ESTIMATED VOLUMES- APRIL 7
+ Time      10.00
+ Silver     8000
+ Copper      900
+ Gold       4500
+ Aluminum      0
+ Palladium  ----
+ Platinum   ----
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2824" NEWID="13841">
+<DATE> 7-APR-1987 10:09:48.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0921&#31;reute
+u f BC-MCDERMOTT-INTERNATION   04-07 0012</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MCDERMOTT INTERNATIONAL, 470,800 AT 29, OFF 3/4, CROSSED BY
+FIRST BOSTON
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2825" NEWID="13842">
+<DATE> 7-APR-1987 10:10:06.30</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0923&#31;reute
+f f BC-******VOLCKER-SAYS-RE   04-07 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VOLCKER SAYS REDUCING U.S. BUDGET DEFICIT NEEDED TO IMPROVE TRADE BALANCE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2826" NEWID="13843">
+<DATE> 7-APR-1987 10:10:20.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A C RM
+&#22;&#22;&#1;f0924&#31;reute
+u f BC-int-rate-fut-report   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DEBT FUTURES LOWER IN QUIET OPEN</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>U.S. interest rate futures were lower in
+quiet early activity.
+    A weak dollar pressured debt futures. Remarks made
+yesterday by Council of Economic Advisers Beryl Sprinkel that
+the U.S. has no target value for the dollar continued to impact
+the market, traders said.
+    The market awaited action by finance ministers of the G-5
+nations, who are to meet today. Pending any action that would
+strengthen the dollar, June Treasury bonds were expected to
+remain below chart resistance at 98-16/32, traders said.
+    Chart support was cited at 97-23/32 on a day-trading basis
+and at 97-3/32 on a longer-term basis.
+    At 0950 EDT, CBT T-bonds ranged from down 16/32 to 11/32
+point, T-notes fell 10/32 to 11/32 and muni bonds were down
+9/32 point. IMM T-bills were 3 to 5 basis points lower and
+Eurodollars fell 4 to 7 basis points.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2827" NEWID="13844">
+<DATE> 7-APR-1987 10:10:38.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0928&#31;reute
+u f BC-LONDON-EURODEPOSITS-Y   04-07 0030</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON EURODEPOSITS YEN AFTERNOON - APRIL 7
+ one week   3-7/8 3/4
+ 1 month    FOUR 3-7/8
+ two        FOUR 3-7/8
+ three      FOUR 3-7/8
+ six        FOUR 3-7/8
+ twelve     FOUR 3-7/8
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2828" NEWID="13845">
+<DATE> 7-APR-1987 10:11:22.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f0929&#31;reute
+u f BC-IOM-LUMBER-OPG-TREND   04-07 0040</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+IOM LUMBER OPG TREND 7-APR
+         OPEN       P SETT
+MAY7  18820          19080
+JUL7  17900          18140
+SEP7  17260          17540
+NOV7  16650A         16790
+JAN8    --           16650
+MAR8    --           16550
+MAY8    --             --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2829" NEWID="13846">
+<DATE> 7-APR-1987 10:11:33.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0931&#31;reute
+b f BC-QT8253   04-07 0011</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ SDR RATE U.S. - APR 7
+ 1.28435 compared with 1.28224 yesterday.
+
+  
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2830" NEWID="13847">
+<DATE> 7-APR-1987 10:11:47.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y C
+&#22;&#22;&#1;f0932&#31;reute
+u f BC-u.s.-energy-futures   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY FUTURES POST GAINS AFTER FIRM OPEN</TITLE>
+<DATELINE>    NEW YORK, APRIL 7 - </DATELINE><BODY>Light mixed buying around the rings
+boosted U.S. energy futures to new daily highs after a slightly
+firmer open, traders said.
+    May crude jumped 15 cts to 18.82 dlrs a barrel, nearing the
+top end of a 17.75-18.85 dlrs resistance range. Traders said
+firmness in the North Sea Brent cash crude market plus reports
+of escalation in the Iran/Iraq war lent support to crude
+futures. April 15-day forward Brent crude traded as high as
+19.40 dlrs a barrel today.
+    Traders said resistance continues overhead near 19.00 dlrs
+a barrel for May crude futures.
+     Gasoline continued to post larger gains than heating oil
+and to trade at a premium to two oil futures. May gasoline was
+up 0.56 cent to 53.50 cts a gallon, at resistance.
+    May heating oil was up 0.36 cent to 49.15 cts a gallon. 
+Both contracts were off 0.05 cent from this morning's high.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2831" NEWID="13848">
+<DATE> 7-APR-1987 10:11:56.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f0933&#31;reute
+u f BC-mwest-hilos-precip   04-07 0114</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MIDWEST HIGH-LOWS AND PRECIPITATION-APRIL 7
+    HIGHEST TEMPERATURE YESTERDAY, LOWEST TEMPERATURE LAST 12
+HOURS. PRECIPITATION FOR 24-HOURS ENDING 0600 HRS CST.
+    ILLINOIS                WISCONSIN
+ CHICAGO    60 36       MILWAUKEE   54 41     
+ DECATUR    59 40 .02   MADISON     64 33     
+ PEORIA     66 39       LACROSSE    70 37     
+ QUINCY     57 38          INDIANA
+ ROCKFORD   66 29       EVANSVILLE  50 44 t   
+     IOWA               INDPLS      51 41 t   
+ DES MOINES 67 36       FT WAYNE    53 44 t   
+ SPENCER    69 n/a      SOUTH BEND  59 38     
+ WATERLOO   67 34       LAFAYETTE   58 43 t   
+ BURLINGTON 66 35       TERRE HAUTE 54 42 t   
+    IOWA (CONTINUED)    MISSOURI
+ CEDAR RAPIDS 66 34      KIRKSVILLE 58 38     
+ DUBUQUE      64 40      ST JOSEPH  n/a       
+ SIOUX CITY   66 33      KANSAS CTY 56 37     
+     MICHIGAN            COLUMBIA   54 37     
+ ALPENA       64 36      ST LOUIS   55 44 t   
+ DETROIT      53 46 .03  JOPLIN     57 40     
+ FLINT        56 37      SPRINGFLD  55 42 .02 
+ GRAND RAPIDS 63 39      VICHY      53 42 t   
+ LANSING      60 37      MONETT     53 40 t   
+ PELLSTON     64 30      W PLAINS   n/a       
+ SAGINAW      58 38      NORTH DAKOTA
+ S.S. MARIE   65 35      BISMARK   66 31      
+ TRAVERSE CTY 59 28      FARGO     71 32      
+   SOUTH DAKOTA           NO DAKOTA (CONT)
+ ABERDEEN   69 31      GRAND FORKS  67 33     
+ HURON      70 34      MINOT        66 41     
+ PIERRE     67 35        NEBRASKA
+ RAPID CITY 64 30      GRAND ISL    60 33     
+ SIOUX FLS  67 30      LINCOLN      63 31     
+   KANSAS              NORFOLK      64 32     
+ DODGE CITY 57 42      OMAHA        61 41     
+ RUSSELL    53 40      VALENTINE    64 24     
+ HUTCHINSON 54 46        MINNESOTA
+ WICHITA    55 43      ALEXANDRIA   70 39     
+ CONCORDIA  55 38      MPLS/ST.PAUL 70 36     
+ TOPEKA     55 38 t    ROCHESTER    66 35     
+ BELOIT     56 39      ST CLOUD     70 34     
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2832" NEWID="13849">
+<DATE> 7-APR-1987 10:11:58.52</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0934&#31;reute
+f f BC-******VOLCKER-SAYS-MO   04-07 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VOLCKER SAYS MORE STIMULUS ABROAD NEEDED FOR ADJUSTMENTS IN TRADE BALANCES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2833" NEWID="13850">
+<DATE> 7-APR-1987 10:12:46.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0935&#31;reute
+u f BC-cbt-s'beans-pre-opg   04-07 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYBEAN FUTURES EXPECTED STEADY TO EASIER</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT soybean futures were expected to
+open steady, possibly easier on a disappointing weekly soybean
+export figure below the previous week and year ago levels and
+moderate country movement overnight, traders said.
+    The outlook for increased Brazilian harvest pressure later
+this month and the settlement of the Brazilian seamen strike
+will add to the negative sentiment in old crop.
+ ----
+ Brazil's soybean harvest was 24 pct complete by April 3,
+compared with an average of 36 pct, the Safras and Mercado
+newsletter said, with Rio Grande do Sul 10 pct and 17 pct
+respectively, Parana 55 and 63 pct respectively, Mato Grosso do
+Sul 30 and 36 pct, Mato Grosso 10 pct and NA, Goias 10 pct and
+NA and other states 25/30 and 36 pct respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2834" NEWID="13851">
+<DATE> 7-APR-1987 10:13:21.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0937&#31;reute
+u f BC-cbt-wheat-pre-opg   04-07 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT WHEAT FUTURES EXPECTED TO OPEN STEADY</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT wheat futures were expected to open
+steady, supported by followthrough speculative buying after
+yesterday's strong close when new contract highs were set in
+new crop, traders said.
+    However, rumors that several countries have passed on their
+tenders for U.S. wheat or taken wheat from other exporting
+countries may keep nearbys on the defensive.
+ ----
+ The USDA will issue this week a swap catalogue of
+government-owned grain that storage-surplus elevators will be
+able to swap with storage-deficit locations, a senior USDA
+official said...Wheat and rapeseed crops in east China suffered
+considerable damage due to frost during a spell of unusually
+cold weather in late March, the China daily said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2835" NEWID="13852">
+<DATE> 7-APR-1987 10:14:04.92</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>sorghum</D><D>barley</D><D>oat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0939&#31;reute
+u f BC-grain-reserve-holdgs   04-07 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN RESERVE HOLDINGS -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The U.S. Agriculture Department gave
+a preliminary breakdown of grain in the Farmer-Owned Grain
+Reserve as of April 1, with comparisons, based on telephone
+reports from farmers filed with the department's Kansas City
+field office, in mln bushels --
+           April 1   Previous
+ Wheat     657.6      659.7
+ Corn    1,406.5    1,397.0
+ Sorghum    95.8       95.5
+ Barley    122.1      122.0
+ Oats        3.7        3.7
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2836" NEWID="13853">
+<DATE> 7-APR-1987 10:14:36.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0940&#31;reute
+u f BC-DIAMOND-SHAMROCK-CORP   04-07 0011</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+DIAMOND SHAMROCK CORP, 100,000 AT 16-1/2, UNCH, CROSSED BY
+FIRST BOSTON
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2837" NEWID="13854">
+<DATE> 7-APR-1987 10:14:45.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0941&#31;reute
+u f BC-ON-LINE-SOFTWARE-&lt;OSI   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ON-LINE SOFTWARE &lt;OSI> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    FORT LEE, N.J., April 7 -
+    </DATELINE><BODY>Shr primary 34 cts vs 17 cts
+    Shr diluted 33 cts vs 17 cts
+    Net 1,487,000 vs 686,000
+    Rev 19.8 mln vs 8.8 mln
+    Nine months
+    Shr primary 77 cts vs 43 cts
+    Shr diluted 75 cts vs 43 cts
+    Net 3,240,000 vs 1,710, 000
+    Rev 42.2 mln vs 25.0 mln
+    NOTE: Company's full name is On-Line Software International
+Inc.
+    The qtr and year-to-date results include the operations,
+since the end of October 1986, of a business purchase from
+Martin Marietta Corp &lt;ML>.
+    In fiscal 1987 ending May 31 the company initially adopted
+FASB statement number 86 and, as required, capitalized certain
+software deveopment costs. During the qtr and nine months
+period ended Febraury 28, 1987 the company capitalized pre-tax
+amounts of 746,000 dlrs and 1,445,000 dlrs of development
+costs, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2838" NEWID="13855">
+<DATE> 7-APR-1987 10:14:55.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0942&#31;reute
+u f BC-cbt-s'prods-pre-opg   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYPRODUCT FUTURES EXPECTED STEADY/EASIER</TITLE>
+<DATELINE>    CHICAGO, April 6 - </DATELINE><BODY>CBT soyproduct futures were called
+steady to slightly easier in sympathy with expected weakness in
+soybeans, traders said.
+    Soybean crush ratios remained under pressure yesterday, so
+further decline in the U.S. soybean crush rate is needed before
+soyproducts can begin to show strength relative to soybeans,
+they added.
+ ----
+ Malaysian palm oil trimmed initial gains on trade-talk that
+Pakistan passed on its tender for 6,000 tonnes of PBD palm
+oil...Rotterdam vegetable oils were steady to slightly firmer
+at midday, with meals and feeds mixed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2839" NEWID="13856">
+<DATE> 7-APR-1987 10:15:14.72</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>sorghum</D><D>barley</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0944&#31;reute
+u f BC-grain-reserve-hldgs   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN RESERVE HOLDINGS BREAKDOWN</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The U.S. Agriculture Department gave
+the following breakdown of grain remaining in the farmer-owned
+grain reserve as of April 1, in mln bushels, by reserve number
+--
+             I    II  III    IV      V      VI
+ Wheat      nil  nil  0.1   0.3    10.5  479.7
+ Corn        --   --   --   4.1 1,231.9     --
+ Sorghum-x   --   --   --   0.1    38.8     --
+ Barley      --   --   --   0.1    73.9     --
+ x - mln cwts. Note - USDA says above totals may not match
+total in reserve numbers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2840" NEWID="13857">
+<DATE> 7-APR-1987 10:15:29.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0946&#31;reute
+u f BC-PARIS-SUGAR-16.10---A   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PARIS SUGAR 16.10 - APR 7
+ (Unofficial dollar indications. Bid/Ask rate in  French francs
+followed by Dlr conversion)
+ May 187.45/188.13  (6.0755/0815)
+ Aug 190.21/191.48  (6.1000/1090)
+ Oct 195.10/196.73  (6.1150/1250)
+ Dec 198.63/201.17  (6.1290/1420)
+ Mar 201.49/204.59  (6.1490/1640)
+ May 209.10/212.52  (6.1640/1790)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2841" NEWID="13858">
+<DATE> 7-APR-1987 10:15:33.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0947&#31;reute
+u f BC-ST-LOUIS-HOGS-UP-1.00   04-07 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST LOUIS HOGS UP 1.00/1.25 DLR - USDA</TITLE>
+<DATELINE>    St Louis, April 7 - </DATELINE><BODY>Barrows and gilt prices rose 1.00 to
+1.25 dlr in active trade, usda said. Top 51.25 dlrs per cwt.
+    US 1-3 210-270 lbs 50.50-51.00 and 100 head 51.25.
+    sows - scarce. us 1-3 over 550 lbs 47.00-48.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2842" NEWID="13859">
+<DATE> 7-APR-1987 10:16:01.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0949&#31;reute
+u f BC-PEORIA-HOGS-UP-1.00/1   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEORIA HOGS UP 1.00/1.50 DLR - USDA</TITLE>
+<DATELINE>    peoria, april 7 - </DATELINE><BODY>barrow and gilt prices rose 1.00 to 1.50
+dlrs in active trade, the usda said. Bulk supply us 1-3 200-260
+lbs. top 52.50 dlrs per cwt.
+    us 1-2 200-250 lbs 51.50-52.00 and 200 head 52.25-52.50.
+    us 1-3 200-250 lbs 51.00-51.50.
+    sows - up 1.00/1.50 dlr. us 1-3 500-650 lbs 46.50-47.50.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2843" NEWID="13860">
+<DATE> 7-APR-1987 10:16:10.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0950&#31;reute
+u f BC-INDIANAPOLIS-HOGS-OPE   04-07 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIANAPOLIS HOGS OPEN UP 1.75 DLR - PRIVATE</TITLE>
+<DATELINE>    Indianapolis, April 7 - </DATELINE><BODY>Hog prices gained 1.75 dlrs at the
+opening, private sources said. Top 52.25 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2844" NEWID="13861">
+<DATE> 7-APR-1987 10:16:19.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0951&#31;reute
+r f BC-ARGENTINE-GRAIN/OILSE   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE GRAIN/OILSEED EXPORT PRICES ADJUSTED</TITLE>
+<DATELINE>    BUENOS AIRES, April 7 - </DATELINE><BODY>The Argentine Grain Board yesterday
+adjusted minimum export prices of grain and oilseed products in
+dlrs per tonne FOB, previous in brackets, as follows:
+    Maize 70 (71), linseed oil 264 (265).         
+    Linseed cake and expellers 136 (137), pellets 114 (115) and
+meal 104 (105), all for shipments through June.
+    Soybean cake and expellers 170 (169), pellets 163 (164) and
+meal 153 (152), all for shipments through May.
+    Soybean cake and expellers 167 (166), pellets 160 (161) and
+meal 150 (149), all for shipments June onwards.
+    The board also adjusted export prices at which export taxes
+are levied on soybean for shipments May onwards to 177 dlrs per
+tonne FOB from 176.
+    The resolution adjusting the export prices was signed
+yesterday but released today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2845" NEWID="13862">
+<DATE> 7-APR-1987 10:16:39.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0953&#31;reute
+u f BC-CME-LIVE-CATTLE-OPENI   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME LIVE CATTLE OPENING TREND 7-APR
+         OPEN      P SETT
+APR7  6970         6940
+JUN7  6525         6502
+AUG7  6105         6087
+OCT7  6030         6010
+DEC7  6025         6017
+FEB8  5990         5965
+APR8  6100         6075
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2846" NEWID="13863">
+<DATE> 7-APR-1987 10:17:07.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0955&#31;reute
+u f BC-LONDON-EUROCURRENCY-D   04-07 0062</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON EUROCURRENCY DEPOSITS AFTERNOON - APRIL 7
+    ONE, TWO AND THREE MONTHS
+ DMK 3-7/8 3/4, 3-7/8 3/4, 3-15/16 13/16
+ SFR 3-1/8 THREE, 3-1/4 1/8, 3-5/8 1/2
+ FFR 8-3/16 EIGHT, 8-3/16 EIGHT, 8-1/4 1/16
+ DFL ALL 5-7/16 5/16          
+ SIX AND TWELVE
+ DMK 3-15/16 13/16, 4-1/16 3-15/16
+ SFR 3-11/16 9/16, 3-13/16 11/16
+ FFR 8-5/16 1/8, 8-3/8 3/16
+ DFL BOTH 5-3/8 1/4       
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2847" NEWID="13864">
+<DATE> 7-APR-1987 10:17:14.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0956&#31;reute
+u f BC-CME-FEEDER-CATTLE-OPE   04-07 0042</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME FEEDER CATTLE OPENING TREND 7-APR
+         OPEN      P SETT
+APR7  6910         6910
+MAY7  6832B        6822
+AUG7  6665         6640
+SEP7  6600B        6595
+OCT7  6575         6560
+NOV7  6610B        6605
+JAN8  6615         6615
+MAR8    --         6690
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2848" NEWID="13865">
+<DATE> 7-APR-1987 10:17:24.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0957&#31;reute
+r f BC-MOTOROLA-&lt;MOT>-UNVEIL   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOTOROLA &lt;MOT> UNVEILS NEW COMPUTERS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Motorola Inc said its Microcomputer
+Division unveiled the Model 2616 departmental computer, one
+of several systems in the company's new VME Delta Series
+product line, as well as the MVME134 single board computer and
+the MVME135 multiprocessor board.
+    Motorola said the Model 2616 is a 32-bit system containing
+a 12-slot VME-bus chassis with open-system flexibility for
+unlimited end-user application options.
+    The company said the Model 2616 is available immediately at
+prices ranging from 14,000 dlrs to 25,000 dlrs.
+    Motorola said the VME Delta Series systems are packaged
+systems built around open systems architecture, industry
+standard processors and software including VMEbus, MC68020
+microprocessors and American Telephone and Telegraph's &lt;T> Unix
+System V operating system.
+    The company said its microcomputer division also introduced
+the MVME134, a single board computer targeted to the
+OEM and System integrator market.
+    Motorola said the MVME134, a VME module 32-bit
+microcomputer, provides a cost effective engine for UNIX
+applications and is priced at 2,250 dlrs for June delivery.
+    The company also unveiled its new MVME135 board which, it
+said, along with its companion MVME136, are 32-bit monoboard
+microcomputers for the multiprocessor market.
+    Motorola said the boards are the first products on the
+market using Motorola's new MVSB2400 gate array, a low power,
+user-programmable, bipolar gate array.
+    Motorola said the MVME135 and the MVME136, both VMEmodule
+32-bit monoboard microcomputers, are available now, priced at
+3,934 dlrs and 4,256 dlrs, respectively.
+    It added the MVME135-1, 32-bit monoboard is also available
+now at a price of 4,256 dlrs.
+    Motorola said the MVSB2400 lists for 300 dlrs each and will
+be available for delivery in July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2849" NEWID="13866">
+<DATE> 7-APR-1987 10:17:29.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f0958&#31;reute
+u f BC-NY-SUGAR-11-OPG-TREND   04-07 0046</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY SUGAR 11 OPG TRENDS 7-APR 87
+           OPEN      P SETT
+ MAY7    670L   672H   679
+ JUL7    682L   683H   693
+ SEP7    698           708
+ OCT7    702L   704H   713
+ JAN8    710B   730A   735
+ MAR8    742L   745H   755
+ MAY8    754B   759A   771
+ JUL8    771B   775A   783
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2850" NEWID="13867">
+<DATE> 7-APR-1987 10:17:44.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0960&#31;reute
+u f BC-lumber-early-report   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUMBER FUTURES TUMBLE SHARPLY EARLY</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Lumber futures fell for losses of as
+much as 3.50 dlrs per tbf, basis May, after starting 0.80 lower
+to 0.10 higher.
+    Lack of carryover demand and pressure associated with the
+lower trend to financial futures early touched off some stop
+loss orders. Futures fell to near technical support before
+recovering slightly, traders said.
+    Some pressure also stemmed from a quiet cash market and
+erroding cash prices, they said.
+    Commission houses and locals sold on the break and offset
+scale-down buying by GNP, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2851" NEWID="13868">
+<DATE> 7-APR-1987 10:17:48.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f0961&#31;reute
+u f BC-NY-SUGAR-14-OPG-TREND   04-07 0050</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY SUGAR 14 OPG TRENDS 7-APR 87
+           OPEN      P SETT
+ MAY7   2165B  2170A  2166
+ JUL7   2185          2185
+ SEP7   2185B  2187A  2185
+ NOV7   2161B  2165A  2161
+ JAN8   2155A         2149
+ MAR8   2155A         2153
+ MAY8   2150B         2155
+ JUL8   2150B         2155
+ SEP8   2150B         2153
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2852" NEWID="13869">
+<DATE> 7-APR-1987 10:18:16.22</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>netherlands</D></PLACES>
+<PEOPLE><D>ruding</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0962&#31;reute
+r f BC-RUDING-AGAINST-FURTHE   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUDING AGAINST FURTHER DOLLAR FALL, TRADE CURBS</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Shifts in domestic economic policy,
+not a further fall in the dollar or trade restrictions, are the
+key to reducing imbalances in trade and payments, Dutch Finance
+Miniister H. Onno Ruding said.
+    Ruding told a meeting of the World Trade Forum here that
+protectionism would naturally lead to retaliation and aggravate
+the problems of heavily indebted developing countries.
+    "The main contribution towards resolving the still enourmous
+U.S. trade deficit is not repeat not a further fall in the
+dollar, is not still more protectionism in your country."
+    "No, it is - like in other countries - changes in domestic
+economic and financial policies," Ruding said.
+    Ruding said he was less worried about a crisis of the
+weakening dollar than he was in January before the Paris accord
+to stabilize foreign exchange rates.
+    He said the highest priority should be given to policy
+changes in the United States, especially reducing the budget
+deficit and encouraging domestic savings.
+    But he said other countries, such as Japan and West
+Germany, also needed to take greater steps toward reducing
+their trade surpluses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2853" NEWID="13870">
+<DATE> 7-APR-1987 10:18:27.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0963&#31;reute
+d f BC-CAROLYN-BEAN-&lt;CBEN>-C   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAROLYN BEAN &lt;CBEN> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    SAN FRANCISCO, April 7 - </DATELINE><BODY>Carolyn Bean Publishing Ltd said
+it has completed the acquisition of greeting card company
+Millen Cards, which had sales of over 1,500,000 dlrs in 1986,
+for undisclosed terms.
+    The company said 90 pct of Millen's cards have been sold in
+the northeast and mid-Atlantic states, but Bean expects to
+increase sales to 2,500,000 dlrs this year by distributing the
+line nationally.
+    Millen specializes in Jewish religious cards and also sells
+traditional greeting cards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2854" NEWID="13871">
+<DATE> 7-APR-1987 10:18:43.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0964&#31;reute
+b f BC-LONDON-GOLD---APRIL-7   04-07 0008</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON GOLD - APRIL 7 418.70 DLRS, FIX CONTINUES
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2855" NEWID="13872">
+<DATE> 7-APR-1987 10:19:08.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0965&#31;reute
+u f BC-OMAHA-HOGS-OPEN-UP-1.   04-07 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMAHA HOGS OPEN UP 1.00 DLR - PRIVATE SOURCES</TITLE>
+<DATELINE>    Omaha, April 7 - </DATELINE><BODY>Hog prices were up 1.00 dlr, private
+sources said. Top 51.50 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2856" NEWID="13873">
+<DATE> 7-APR-1987 10:19:21.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0966&#31;reute
+r f BC-NMR-CENTERS-&lt;NMRC>-ON   04-07 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NMR CENTERS &lt;NMRC> ON NASDAQ NATIONAL SYSTEM</TITLE>
+<DATELINE>    NEWPORT BEACH, Claif., April 7 - </DATELINE><BODY>NMR Centers Inc said its
+common stock has started trading on the NASDAQ National Market
+System, making it eligible for margin financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2857" NEWID="13874">
+<DATE> 7-APR-1987 10:19:40.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0967&#31;reute
+r f BC-CHESAPEAKE-&lt;CSK>-SEEK   04-07 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHESAPEAKE &lt;CSK> SEEKS TO SELL UNIT</TITLE>
+<DATELINE>    WEST POINT, Va., April 7 - </DATELINE><BODY>Chesapeake Corp said it has
+retained Salomon Inc &lt;SB> to help it sell Plainwell Paper Co
+Inc, a maker of premium coated and uncoated printing papers and
+technical specialty papers with a capacity of 85,000 short tons
+a year.
+    The company said it has decided to sell Plainwell in ordfer
+to focus on the production of kraft and tissue products,
+containers and treated wood products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2858" NEWID="13875">
+<DATE> 7-APR-1987 10:19:49.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0968&#31;reute
+r f BC-SALLIE-MAE-ADJUSTS-SH   04-07 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALLIE MAE ADJUSTS SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The Student Loan Marketing
+Association said its rates on short-term discount notes were as
+follows:
+    MATURITY   NEW RATE    OLD RATE  MATURITY
+    5-14 days  5.75 pct    5.65 pct     5-14 days
+   15-85 days  5.00 pct    5.00 pct    15-78 days
+   86-91 days  5.80 pct    5.83 pct    79-85 days
+  92-176 days  5.00 pct    5.00 pct   89-360 days
+ 177-183 days  5.83 pct
+ 184-360 days  5.00 pct
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2859" NEWID="13876">
+<DATE> 7-APR-1987 10:19:58.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0969&#31;reute
+d f BC-PYRAMID-TECHNOLOGY-&lt;P   04-07 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PYRAMID TECHNOLOGY &lt;PYRD>, ORACLE &lt;ORCL> IN DEAL</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., April 7 - </DATELINE><BODY>Pyramid Technology Corp
+said it has reached an agreement to sell Oracle Corp's Oracle
+database and &lt;Relational Technology Inc's> Ingres database
+through the Pyramid direct sales force and to original
+equipment manufactures and value-added resellers.
+    The company said it will also develop separate joint
+engineering projects with Oracle and Relational to tailor the
+two databases to use Pyramid's functional parallel system
+architecture to imporove database performance.
+    It said it has also reached an agreement for &lt;Information
+Builders'> Focus language and database management system to
+become available on Pyramid Technology superminicomputer
+systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2860" NEWID="13877">
+<DATE> 7-APR-1987 10:20:18.51</DATE>
+<TOPICS><D>copper</D><D>zinc</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0970&#31;reute
+d f BC-BALL-&lt;BLL>-TO-SUPPLY   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALL &lt;BLL> TO SUPPLY PENNY BLANKS TO MINTS</TITLE>
+<DATELINE>    MUNCIE, IND., April 7 - </DATELINE><BODY>Ball Corp said it was awarded a
+one-year 12,750,000 dlr contract to supply copper-plated zinc
+penny blanks to the U.S. mints in Philadelphia and Denver.
+    The new contract, effective in June, calls for shipping
+23,200,000 pounds of blanks to the mint in Philadelphia and
+7,600,000 pounds to Denver. It said the blanks will be
+manufactured in Greenville, Tenn.
+    Ball began supplying blanks to the San Francisco and West
+Point mints in 1981 when the penny's content was changed to
+zinc from copper.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2861" NEWID="13878">
+<DATE> 7-APR-1987 10:20:31.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0971&#31;reute
+u f BC-EARLY-GULF-CASH-SOYBE   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EARLY GULF CASH SOYBEANS SLIGHTLY FIRMER</TITLE>
+<DATELINE>    KANSAS CITY, April 7 - </DATELINE><BODY>Early gulf cash soybean basis levels
+were slightly firmer in moderate trading as slow country
+movement lent support, dealers said.
+    Lower barge freight rates lent some support, but slow
+export dealings limited gains. Soybean export inspections were
+below trade expectations at 10.8 mln bushels.
+    April and May traded late yesterday at 25 cents over May,
+and July traded down to 24 over July.
+    Gulf cash corn values were firm amid very strong export
+inspections of 46.7 mln bushels. Hard wheat gulf values were
+firm nearby amid ongoing export dealings and slow movement.
+     Corn (Barges - Basis Chgo futures)
+ April - 21 ov May bid, 22 offered.
+ May - 21 ov May bid, 22 offered.
+ June - 18 ov Jly bid, 19 offered.
+     Soybeans (Barges - Basis Chgo futures)
+ April 1/10 - 25-1/2 ov May bid, 26-1/2 off.
+ F/H April - 25 ov May bid, 26 offered.
+ April - 24 ov May bid, 25 offered.
+     Hard wheat (Rail, 40 DHV, basis K.C. fut.)
+ F/H April - 39 ov May bid, no offers.
+ April - 36 ov May bid, no offers.
+ F/H May - 43 ov May bid, no offers.
+ L/H May - 38 ov May bid, no offers.
+ F/H June - 38 ov Jly bid, no offers.
+ L/H June - 34 ov Jly bid, no offers.
+ July - 34 ov Jly bid, no offers.
+     Soft wheat (Barges - Basis Chgo futures)
+ June - 13 ov Jly bid, 15 offered.
+ July - 13 ov Jly bid, 15 offered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2862" NEWID="13879">
+<DATE> 7-APR-1987 10:20:34.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0972&#31;reute
+u f BC-NASDAQ-RESUMPTION---L   04-07 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NASDAQ RESUMPTION - LIFE CARE COMMUNITIES CORP &lt;LCCC>, FIRST
+BID 1/4, OFF 3/8 FROM HALT AND PREVIOUS CLOSE LAST FRIDAY.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2863" NEWID="13880">
+<DATE> 7-APR-1987 10:20:42.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0973&#31;reute
+u f BC-QT8204   04-07 0085</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ CANADIAN MONEY MARKET RATES OPENING - APR 7
+ CANADA TREASURY BILLS
+ 90 days       6.97
+ 180 days      7.27
+ FINANCE COMPANY PAPER
+ 30 days       7.00
+ 60 days       7.05
+ 90 days       7.10
+ BANK PAPER
+ 30 days       7.06
+ 60 days       7.11
+ 90 days       7.15
+ BANKERS ACCEPTANCES
+ 30 days       6.98
+ 60 days       7.02
+ 90 days       7.05
+ CANADIAN DOLLAR SWAPS
+ 30 days       6.94
+ 60 days       7.15
+ 90 days       7.11
+ Call money:   7.00
+ Day money:    7.00
+ Prime rate:   8.75
+ U.s. dlr base rate: 8.25
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2864" NEWID="13881">
+<DATE> 7-APR-1987 10:21:00.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0975&#31;reute
+b f BC-BRIERLEY-UNIT-ISSUES   04-07 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRIERLEY UNIT ISSUES 100 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Brierley Investments Overseas NV is
+issuing a 100 mln dlr eurobond due April 30, 1992 paying 8-1/4
+pct and priced at par, lead manager Banque Paribas Capital
+Markets said.
+    The non-callable bond is available in denominations of
+5,000 dlrs and will be listed in Luxembourg.
+    The selling concession is 1-1/4 pct while management and
+underwriting combined pays 5/8 pct.
+    The issue is guaranteed by Brierley Investments Ltd.
+Payment date is April 30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2865" NEWID="13882">
+<DATE> 7-APR-1987 10:21:06.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f0976&#31;reute
+u f BC-ny-cotton-est-vol   04-07 0020</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ CORRECTED REPEAT-N.Y. COTTON NO.2 ESTIMATED VOLUME-APRIL 6
+ Estimated volume        3,200
+ Prev official volume    5,395
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2866" NEWID="13883">
+<DATE> 7-APR-1987 10:21:19.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0978&#31;reute
+r f BC-BRAZILIAN-SOY-RAINFAL   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN SOY RAINFALL</TITLE>
+<DATELINE>    SAO PAULO, APRIL 7 - </DATELINE><BODY>THE FOLLOWING RAINFALL WAS RECORDED IN
+THE 24 HOURS UP TO (1200) GMT TODAY
+    PARANA STATE: CASCAVEL NIL, PONTA GROSSA 0.2 MILLIMETRES,
+CAMPO MOURAO NIL, LONDRINA NIL, MARINGA NIL.
+    RIO GRANDE DO SUL STATE: PASSO FUNDO NIL, SANTA MARIA NIL,
+CRUZ ALTA NIL, SAO LUIZ GONZAGA NIL. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2867" NEWID="13884">
+<DATE> 7-APR-1987 10:21:30.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0979&#31;reute
+r f BC-chrysler-canada,-mmc   04-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> CANADA, MMC SITTIPOL IN SUPPLY PACT</TITLE>
+<DATELINE>    WINDSOR, Ontario, April 7 - </DATELINE><BODY>Chrysler Canada Ltd, wholly
+owned by Chrysler Corp, said it concluded an agreement for MMC
+Sittipol Co Ltd to sell Mitsubishi Colt subcompact cars built
+in Thailand to Chrysler for sale in Canada.
+    Shipments of the Colts to Canada will start in late 1987,
+and Chrysler Canada plans to import about 8,000 units in 1988,
+rising to 20,000 units a year by 1990, the company said.
+    Chrysler Canada said it will import four-door sedan and
+three-door hatchback Colt models under Autopact trade agreement
+provisions, requiring Chrysler to provide Canadian production
+to offset each vehicle imported for sale in Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2868" NEWID="13885">
+<DATE> 7-APR-1987 10:21:39.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ
+&#22;&#22;&#1;f0981&#31;reute
+u f BC-TSE-300-10-20-01---38   04-07 0011</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TSE 300 10:20:01   3890.20   UP  8.90
+VOLUME             6,218,057
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2869" NEWID="13886">
+<DATE> 7-APR-1987 10:21:50.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0983&#31;reute
+d f BC-COGNITIVE-&lt;CSAI>-COMP   04-07 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COGNITIVE &lt;CSAI> COMPLETES WORK ON PROGRAM</TITLE>
+<DATELINE>    NEW HAVEN, Conn., april 7 - </DATELINE><BODY>Cognitive Systems Inc said it
+has completed work on a prototype artificial intelligence
+program for American Express Co's &lt;AXP> American Express travel
+Related Services Inc involving a point-of-sale application for
+customer-assisted transactions.
+    The company said it developed the prototype under a fixed
+price agreement on a one-tim project basis.  It said American
+Express plans to conduct consumer testing of the program in the
+near future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2870" NEWID="13887">
+<DATE> 7-APR-1987 10:21:55.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ FQ
+&#22;&#22;&#1;f0984&#31;reute
+u f BC-TORONTO-ACTIVE-INDUST   04-07 0046</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TORONTO ACTIVE INDUSTRIALS 7-APR-87  10:20:02
+VOLUME    COMPANY        LAST    CHANGE
+154388  SYNGOLD EXPL     4.750    0.400
+117865  CAMBIOR INC     28 3/4      1/8
+101764  NOVA ALB A       9 1/4
+89300   DOME PETRO       1.150    0.010
+81700   PAGURAIN CP     18 3/4      3/4
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2871" NEWID="13888">
+<DATE> 7-APR-1987 10:22:02.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0985&#31;reute
+d f BC-SYNERGETICS-&lt;SYNG>-GE   04-07 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNERGETICS &lt;SYNG> GETS FLOOD CONTROL ORDER</TITLE>
+<DATELINE>    BOULDER, Colo., April 7 - </DATELINE><BODY>Synergetics International Inc
+said it has received a 300,000 dlr order for Remote Computer
+Systems to be used for flood control applications from the U.S.
+Army Corps of Engineers' Seattle district.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2872" NEWID="13889">
+<DATE> 7-APR-1987 10:22:06.87</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0986&#31;reute
+f f BC-******VOLCKER-URGES-I   04-07 0020</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VOLCKER URGES INDUSTRIAL NATIONS TO KEEP TRADE MARKETS OPEN TO FOSTER GROWTH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2873" NEWID="13890">
+<DATE> 7-APR-1987 10:22:16.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0987&#31;reute
+r f BC-TYCO-LABORATORIES-&lt;TY   04-07 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TYCO LABORATORIES &lt;TYC> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    EXETER, N.H., April 7 -
+    </DATELINE><BODY>Shr primary 58 cts vs 66 cts
+    Shr diluted 54 cts vs 66 cts
+    Net 10.1 mln vs 11.4 mln
+    Revs 266.2 mln vs 194.6 mln
+    Avg shrs 17.4 mln vs 17.1 mln
+    Nine mths
+    Shr primary 1.78 dlrs vs 1.58 dlrs
+    Shr diluted 1.65 dlrs vs 1.58 dlrs
+    Net 30.9 mln vs 27.1 mln
+    Revs 823.8 mln vs 511.0 mln
+    Avg shrs 17.4 mln vs 17.3 mln
+    NOTE: prior qtr and nine mths include 3.1 mln dlrs, or 18
+cts per share, from gain on partial settlement on an insurance
+claim.
+    nine mths 1987 includes seven cts gain for partial
+settlement on an insurance claim.
+   Results of Flow Control operations have been included since
+its acquisition from ITT Corp on Jan 31 1986.
+   nine mths prior includes extraordinary gain 2.3 mln dlrs, or
+14 cts per share, for replacement of a pension plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2874" NEWID="13891">
+<DATE> 7-APR-1987 10:22:34.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T F
+&#22;&#22;&#1;f0989&#31;reute
+b f BC-LONDON-GOLD-1500-FIX   04-07 0011</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ LONDON GOLD 1500 FIX - APRIL 7- 418.50 DLRS
+      (MORNING FIX 419.80)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2875" NEWID="13892">
+<DATE> 7-APR-1987 10:22:52.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0990&#31;reute
+r f BC-NWA'S-&lt;NWA>-NORTHWEST   04-07 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NWA'S &lt;NWA> NORTHWEST AIRLINES LOAD FACTOR UP</TITLE>
+<DATELINE>    ST. PAUL, April 7 - </DATELINE><BODY>NWA Inc said the passenger load factor
+for its Northwest Airlines subsidiary rose in March to 66.3 pct
+from 63.2 pct a year ago.
+    It said available seat miles increased to 5.43 billion from
+3.13 billion, and revenue passenger miles gained to 3.6 billion
+from 1.98 billion.
+    Year to date, Northwest said its load factor gained to 60.2
+pct from 56.9 pct. Available seat miles increased to 15.19
+billion from 9.0 billion, and revenue passenger miles rose to
+9.15 billion from 5.12 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2876" NEWID="13893">
+<DATE> 7-APR-1987 10:23:17.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0991&#31;reute
+u f BC-JOLIET-HOGS-UP-1.00-D   04-07 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOLIET HOGS UP 1.00 DLR - PRIVATE SOURCES</TITLE>
+<DATELINE>    Joliet, April 7 - </DATELINE><BODY>Hog prices opened 1.00 dlr higher,
+private sources said. Top 51.50 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2877" NEWID="13894">
+<DATE> 7-APR-1987 10:23:26.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0992&#31;reute
+u f BC-INDIANAPOLIS-HOGS-UP   04-07 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIANAPOLIS HOGS UP 1.25/1.50 DLR - USDA</TITLE>
+<DATELINE>    Indianapolis, april 7 - </DATELINE><BODY>barrow and gilt prices rose 1.25 to
+1.50 dlr in active trade, the usda said. top 52.25 dlrs per
+cwt.
+    us 1-3 225-255 lbs 51.50-52.00, 40 head 52.25.
+    sows - steady in moderately active trade.
+    us 1-3 400-525 lbs 42.00-43.00 and package 650 lbs 49.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2878" NEWID="13895">
+<DATE> 7-APR-1987 10:26:02.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0996&#31;reute
+b f BC-WORLD-BANK-LOAN-RAISE   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LOAN RAISED TO 450 MLN GUILDERS</TITLE>
+<DATELINE>    AMSTERDAM, April 7 - </DATELINE><BODY>A 6.25 pct, 10-year loan for the World
+Bank, originally 300 mln guilders, has been raised by 150 mln
+guilders at an issue price of 99.50 pct, lead-manager Algemene
+Bank Nederland NV said.
+    Subscriptions for this second tranche close April 14 and
+payment date is April 27.
+    Redemption is on March 1, 1997, the same date as the first
+tranche, which was also issued at 99.50 pct.
+    Complete details on the syndicate were not available.
+    Amsterdam-Rotterdam Bank NV is co-lead and a number of
+Dutch and British banks will complete the syndicate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2879" NEWID="13896">
+<DATE> 7-APR-1987 10:26:33.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0997&#31;reute
+u f BC-CME-LIVE-HOG-OPENING   04-07 0045</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME LIVE HOG OPENING TREND 7-APR
+         OPEN      P SETT
+ APR7  5040        4982
+ JUN7  4895        4847
+ JUL7  4735        4687
+ AUG7  4405        4372
+ OCT7  3955B       3937
+ DEC7  3960B       3947
+ FEB8  3930A       3895
+ APR8  3720A       3690
+ JUN8  3940A       3915
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2880" NEWID="13897">
+<DATE> 7-APR-1987 10:26:42.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0998&#31;reute
+u f BC-ny-copper-opg-report   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMEX COPPER FUTURES ONLY SLIGHTLY HIGHER EARLY</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex copper futures posted smaller
+than expected gains early because of commission house
+resistance beginning at 62.90 cents basis May, brokers said.
+    Commission house selling has been entering between 62.90
+and 63.10 cents because many speculators remain nervous after
+recent sharp declines, brokers said.
+    Locals were buyers in sympathy with firmer precious metals
+and trade houses bought scale down, brokers said.
+    May delivery was up 0.05 cent at 62.70 cents a lb in a
+62.85 to 62.55 cents range.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2881" NEWID="13898">
+<DATE> 7-APR-1987 10:26:59.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f0999&#31;reute
+u f BC-CME-FROZEN-PORK-BELLY   04-07 0047</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME FROZEN PORK BELLY OPENING TREND 7-APR
+         OPEN      P SETT
+ MAY7  6625        6640
+ JUL7  6485        6485
+ AUG7  6170        6160
+ FEB8  5590        5560
+ MAR8  5510B       5490
+ MAY8    --        5300
+ JUL8    --          --
+ AUG8    --          --
+ FEB9    --          --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2882" NEWID="13899">
+<DATE> 7-APR-1987 10:27:32.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1000&#31;reute
+b f BC-BELGIUM-LAUNCHING-UNL   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM LAUNCHING UNLIMITED EURO-CP PROGRAM</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Belgium is launching a euro-commercial
+paper program for an unlimited amount, with the issue planned
+immediately after signing in mid-May, First Chicago Ltd said as
+arranger.
+    Dealers will be Chase Investment Bank Ltd, Citicorp
+Investment Bank Ltd, Salomon Brothers International Ltd, Swiss
+Bank Corp International Ltd and First Chicago. Issuing and
+paying agent is First Chicago Clearing Centre.
+    Paper will be issued in minimum denominations of 500,000
+dlrs with maturities of up to 365 days. There will be a
+multi-currency option.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2883" NEWID="13900">
+<DATE> 7-APR-1987 10:27:40.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1001&#31;reute
+d f BC-GOLD-FIELDS-OF-S.-AFR   04-07 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLD FIELDS OF S. AFRICA PROFIT FALLS IN QUARTER</TITLE>
+<DATELINE>    JOHANNESBURG, April 7 - </DATELINE><BODY>1ST QTR TO MARCH 31
+    Working profit 487.50 mln rand vs 559.59 mln
+    Tax 274.28 mln vs 302.15 mln
+    Net 264.32 mln vs 300.99 mln
+    Tonnes milled 3.74 mln vs 3.72 mln
+    Gold production 30,865 kgs vs 30,236 kgs
+    Gold revenue 846.05 mln rand vs 907.36 mln
+    Working costs 358.56 mln vs 347.77 mln
+    Avg price per kg 27,371 rand vs 29,964
+    NOTE - Full name of company is Gold Fields of South Africa
+    Ltd &lt;GLDF.J>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2884" NEWID="13901">
+<DATE> 7-APR-1987 10:27:45.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1002&#31;reute
+u f BC-PARIS-EXCHANGES-CLOSI   04-07 0037</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PARIS EXCHANGES CLOSING - APR 7
+ US  6.0750/0780     (6.0550/0690    )
+ STG 9.8210/8300     (9.8050/8230    )
+ DMK 332.490/840     (332.400/333.000)
+ SFR 401.020/480     (400.770/401.470)
+ DFL 294.780/295.070 (294.560/295.060)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2885" NEWID="13902">
+<DATE> 7-APR-1987 10:28:02.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1003&#31;reute
+u f BC-OUND-ADVICE-&lt;SUND>-JO   04-07 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OUND ADVICE &lt;SUND> JOINS NASDAQ NATIONAL SYSTEM</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., April 7 - </DATELINE><BODY>Sound Advice Inc said its
+common stock has started trading on the NASDAQ National Market
+System.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2886" NEWID="13903">
+<DATE> 7-APR-1987 10:29:03.74</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1004&#31;reute
+b f BC-/VOLCKER-WARNS-AGAINS   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER WARNS AGAINST SIZEABLE DLR DECLINE</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said a further large drop in the value of the dollar
+could be counterproductive for world economic growth.
+    Testifying before the Senate Banking Committee, Volcker
+said that Europe and Japan were slowing exports and that growth
+in those countries was also decreasing.
+    "In that kind of situation, further sizeable depreciation
+of the dollar could well be counterproductive," he said.
+    Domestic expansion in foreign industrial countries has not
+been enough to offset the effects of slower exports, Volcker
+said.
+    On the value of the dollar, Volcker said he could not say
+whether it should be higher or lower to restore balance in
+trade.
+    "What we do know is that a substantial exchange rate
+adjustment has already been made," he said.
+    "That adjustment should be large enough, in a context of a
+growing world economy and fiscal restraint in the United
+States, to support the widespread expectations of a narrowing
+in the real trade deficit in the period ahead," he said.
+    Volcker said U.S. exports were now growing substantially
+while import growth should slow.
+    Volcker said that to improve the trade deficit with a
+minimum of inflationary pressure, the United States would have
+to slow its spending growth.
+    It would also have to achieve a better balance between
+investment and domestic savings if it wants to be able to
+dispense with foreign capital.
+    "The constructive way to work in the needed direction would
+be to reduce our budget deficit, year by year, paving the way
+for improvements in our trade accounts," he said.
+    Relying on depreciation of the dollar alone would risk
+renewed inflation, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2887" NEWID="13904">
+<DATE> 7-APR-1987 10:29:15.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1005&#31;reute
+u f BC-WALL-STREET-STOCKS/MA   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/MARION LABS &lt;MKC></TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Marion Laboratories Inc's stock rose
+sharply today after the company presented a bullish earnings
+scenario at a meeting for pharmaceutical analysts Monday,
+traders and analysts said.
+    The company said it expects earnings for fiscal 1987,
+ending June 30, to rise more than 75 pct over a year ago.
+    That pronouncement encouraged analyst David Crossen of
+Sanford C. Bernstein and Co to raise his earnings estimates for
+the company to 1.28 dlrs a share in 1987, compared to his
+previous estimate of 1.20 dlrs a share. Last year the company
+earned 70 cts a share.
+    Marion's stock gained 3-1/4 to 75-1/2.
+    At the meeting of pharmaceutical analysts, Marion's
+president Fred Lyons Jr. said Wall Street eanrings estimates of
+1.10-1.15 dlrs a share for fiscal 1987 "are expected to cause
+even the aggressive side of this range to be 10 to 15 cts low."
+    Lyons said the strong performance in the second half of
+this year will result from the fourth quarter introduction of
+90 mg and 120 mg Cardizem tablets. Analyst Crossen said that
+Cardizem, which treats angina, is also expected to be approved
+for the treatment of hypertension by the end of the year.
+    Crossen said "because Marion is still just a small company,
+the growth of Cardizem is having a big impact on the bottom
+line." He raised fiscal 1988 earnings estimates to 2.15 dlrs a
+share from his previous estimate of 2.05 dlrs a share.
+    "The company has a broad new product pipeline in the
+industry and as far as I am concerned, it is the most
+innovative company in the business," he said.
+    For the five years through 1991, Crossen expects Marion to
+have a growth rate of 55 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2888" NEWID="13905">
+<DATE> 7-APR-1987 10:29:19.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1006&#31;reute
+b f BC-LME-LEAD-AFT-1ST-RING   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME LEAD AFT 1ST RING 1527 - APR 7
+                 LAST    BUYER   SELLER
+ Cash              --       --       --
+ 3 Months       302.0    301.0    302.0
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2889" NEWID="13906">
+<DATE> 7-APR-1987 10:29:45.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1007&#31;reute
+r f BC-LIVERPOOL-COTTON-SHIP   04-07 0132</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LIVERPOOL COTTON SHIPMENTS APR 7
+ US CENTS PER LB.
+    AMER N.O/TEXAS 1 INCH          APR/MAY  59.00
+    AMER MEMPHIS MIDD 1-3/32       APR/MAY  61.75
+    PERU TANGIUS GRADE THREE       UNQUOTED
+    PERU PIMA GRADE 1, 1-9/16      UNQUOTED
+    STH BRAZ TYPE 5, 1-1/16        APR/MAY  63.00 NOMINAL
+    TURK ADANA STD 1, 1-1/16 RG    UNQUOTED
+    TURK ZMIR ANTALYA 1, 3-1/32 RG UNQUOTED
+    PAKISTAN NT SIND SG (FINE)     APR/MAY  56.75
+    MEXICAN MIDD 1-3/32 NEW CROP   SEP/OCT  66.00
+    SUDAN BARAKAT NO.6             APR/MAY  72.00
+    COLOMBIAN MIDD 1-3/32          APR/MAY  79.00
+    CENTRAL AMERICAN 1-3/32        APR/MAY  65.00 NOMINAL
+    RUSSIAN VTOROI MIDD 1-3/32     APR/MAY  61.00
+    ARGENTINE C-1/2 1-3/32         APR/MAY  62.50
+    PARAGUAYAN MIDD 1-3/32         APR/MAY  63.00
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2890" NEWID="13907">
+<DATE> 7-APR-1987 10:29:58.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1008&#31;reute
+u f BC-canastocks   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA STOCKS STRENGTHEN IN EARLY TRADING</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>Toronto stocks made solid gains in
+active early trading as resource issues continued an advance
+that powered the market to a record high close yesterday.
+    The composite index rose 9.00 points to 3890.30 on brisk
+turnover of 7.1 mln shares. Winners led losers 303 to 221 with
+most major stock groups higher.
+    Among improving resources, British Columbia Forest Products
+rose 1/2 to 21-1/4 among actives, Cominco added 1/4 to reach
+18-5/8, Imperial Oil class A firmed 1/2 to 72-5/8 and Hemlo
+Gold surged 5/8 to 27 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2891" NEWID="13908">
+<DATE> 7-APR-1987 10:30:07.57</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1009&#31;reute
+r f BC-U.S.-CALLS-FOR-GREATE   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CALLS FOR GREATER GATT CHECKS ON TRADE</TITLE>
+<DATELINE>    GENEVA, April 7 - </DATELINE><BODY>The United States has appealed for
+stronger powers for the General Agreement on Tariffs and Trade
+(GATT) to enforce world trade rules.
+    The call by U.S. Deputy Trade Representative Michael Smith
+at a special committee meeting into the future of GATT follows
+a series of bilateral trade rows which have clouded efforts by
+the 93-nation body to promote fair trade.
+    Today's meeting was part of the Uruguay trade round
+launched by ministers last September. The round, which covers
+13 areas of trade in agriculture, manufactured goods and
+services will take four years to negotiate.
+    Smith called for boosting GATT's links with financial
+institutions such as the International Monetary Fund and World
+Bank. He also urged greater involvement of trade ministers to
+ensure the success of the Uruguay Round.
+    "The GATT as an institution needs to be strengthened to
+assure that the GATT plays its proper role in management of the
+world trading system and the global economy," Smith said.
+    "Rules can and will be ignored if the institution is weak,
+or perceived as unable to adapt to the changing world economy."
+    He also also urged that member states be accountable to
+each other for their trade policies.
+    Smith, who flies to Brussels today for talks with European
+Community (EC) officials, told Reuters the committee wanted to
+stress GATT's importance and did not discuss specifics.
+    "We are interested in more periodic ministerial
+involvement...Whether in formal or informal meetings," he said.
+    GATT's ruling council is due to hear a complaint from the
+12-nation EC on April 15 about the U.S.-Japanese accord on
+semiconductors. The EC charges the accord breached GATT trade
+rules by allowing Tokyo to set minimum prices for Japanese
+chips sold in third countries and is requesting a GATT dispute
+panel be set up to review the agreement.
+    President Reagan, who strongly supported the Uruguay trade
+round to promote freer trade, has said Washington will impose
+tariffs against Japanese electronic goods.
+    He said Tokyo had not shown willingness to open its markets
+to U.S. Exports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2892" NEWID="13909">
+<DATE> 7-APR-1987 10:30:12.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1010&#31;reute
+r f BC-FREDDIE-MAC-ADJUSTS-S   04-07 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREDDIE MAC ADJUSTS SHORT-TERM DISCOUNT RATES</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The Federal Home Loan Mortgage Corp
+adjusted the rates on its short-term discount notes as follows:
+   MATURITY   RATE       OLD RATE  MATURITY
+    28 days   5.95 pct   5.95 pct  31 days
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2893" NEWID="13910">
+<DATE> 7-APR-1987 10:30:35.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ MQ FQ
+&#22;&#22;&#1;f1013&#31;reute
+u f BC-us-gold-prices   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ U.S GOLD PRICES - APR 7
+ Engelhard (unfabricated)   420.07  (423.03)
+ Engelhard (fabricated)     441.07  (444.18)
+ Handy and Harman (bullion) 418.50  (421.45)
+ Krugerrand   424.20/424.90   (425.60/428.90)
+                         
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2894" NEWID="13911">
+<DATE> 7-APR-1987 10:30:40.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1014&#31;reute
+u f BC-OMAHA-CATTLE-OPEN-STE   04-07 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMAHA CATTLE OPEN STEADY/UP 0.25 DLR - PRIVATE</TITLE>
+<DATELINE>    Omaha, April 7 - </DATELINE><BODY>Cattle prices opened steady to 0.25 dlr
+higher, private sources said. Steer top 68.00 and Heifers 66.00
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2895" NEWID="13912">
+<DATE> 7-APR-1987 10:30:45.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1015&#31;reute
+r f BC-HITK-&lt;HITK>-JOINS-NAS   04-07 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HITK &lt;HITK> JOINS NASDAQ NATIONAL MARKET SYSTEM</TITLE>
+<DATELINE>    STAMFORD, Conn., April 7 - </DATELINE><BODY>HITK Corp said its common stock
+will be included in NASDAQ's National Market System starting
+today, making the stock marginable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2896" NEWID="13913">
+<DATE> 7-APR-1987 10:30:50.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1017&#31;reute
+r f BC-BRUSSELS-MONEY---APRI   04-07 0007</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BRUSSELS MONEY - APRIL 7 CALL MONEY 5.75 PCT
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2897" NEWID="13914">
+<DATE> 7-APR-1987 10:30:54.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1018&#31;reute
+r f BC-&lt;KINGSTON-SYSTEMS-INC   04-07 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;KINGSTON SYSTEMS INC> INITIAL OFFERING UNDERWAY</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Lead underwriter Woolcott and Co Inc
+said an initial public offering of 1,100,000 shares of Kingston
+Systems Inc is underway at eight dlrs per share.
+    Underwriters have been granted an option to buy up to
+165,000 more shares to cover overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2898" NEWID="13915">
+<DATE> 7-APR-1987 10:31:47.87</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>soy-oil</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1021&#31;reute
+u f BC-CHINA-SOYBEAN-OUTPUT   04-07 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA SOYBEAN OUTPUT DOWN SLIGHTLY - USDA REPORT</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>China's soybean crop this year is
+forecast at 11.5 mln tonnes, down slightly from 11.55 mln
+estiamted for last year, the U.S. Agriculture Department's
+officer in Peking said in a field report.
+    The report, dated April 2, said Chinese imports this year
+are projected at 300,000 tonnes unchanged from last year's
+level.
+    Exports are forecast to increase to 1.0 mln tonnes from
+800,000 tonnes exported last year, the report said.
+    Imports of soybean oil are estimated at 200,000 tonnes,
+also unchanged from last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2899" NEWID="13916">
+<DATE> 7-APR-1987 10:31:51.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1022&#31;reute
+u f BC-NY-SUGAR-11-1030   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY SUGAR 11 1030
+
+ MAY7  661 OFF 18
+ JUL7  679 OFF 14
+ SEP7  696 OFF 12
+ OCT7  697 OFF 16
+ JAN8 UNTRD
+ MAR8  740 OFF 15
+ MAY8 UNTRD
+ JUL8  780 OFF 3
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2900" NEWID="13917">
+<DATE> 7-APR-1987 10:32:08.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM EQ FQ
+&#22;&#22;&#1;f1024&#31;reute
+b f BC-QT8433   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. EURODEPOSITS 1030 - APR 7
+    U.S. DOLLAR
+ One month       6-3/8    6-1/4 
+ Two months      6-7/16   6-5/16
+ Three months    6-1/2    6-3/8 
+ Six months      6-5/8    6-1/2 
+ One year        6-13/16  6-11/16
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2901" NEWID="13918">
+<DATE> 7-APR-1987 10:32:11.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1025&#31;reute
+u f BC-NY-COFFEE-10-30   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COFFEE 10:30
+
+ MAY7  10225 UP  21
+ JUL7  10420 UP  20
+ SEP7  10620 UP  15
+ DEC7  10905 UP  5
+ MAR8  11100 UP  50
+ MAY8  11300 UP  50
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2902" NEWID="13919">
+<DATE> 7-APR-1987 10:32:17.39</DATE>
+<TOPICS><D>dlr</D><D>dmk</D><D>money-fx</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1026&#31;reute
+u f BC-TURKISH-CENTRAL-BANK   04-07 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH CENTRAL BANK SETS LIRA/DOLLAR, DM RATES</TITLE>
+<DATELINE>    ANKARA, April 7 - </DATELINE><BODY>The Turkish Central Bank set a
+Lira/Dollar rate for April 8 of 784.50/788.42 to the Dollar,
+down from the previous 784.35/788.27.
+    The Bank also set a Lira/Mark rate of 430.60/432.75 to the
+Mark, down from the previous 429.35/431.50.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2903" NEWID="13920">
+<DATE> 7-APR-1987 10:32:22.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1027&#31;reute
+u f BC-NY-COCOA-10-30   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COCOA 10:30
+ MAY7  1922 OFF 12
+ JUL7  1954 OFF 13
+ SEP7  1980 OFF 9
+ DEC7  2013 OFF 2
+ MAR8 UNTRD
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2904" NEWID="13921">
+<DATE> 7-APR-1987 10:32:52.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f1028&#31;reute
+u f BC-CANADIAN-BONDS-SLIGHT   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN BONDS SLIGHTLY OFF IN EARLY TRADE</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>Canadian bonds recouped some opening
+losses to trade unchanged to mildly lower in quiet, mostly 
+uneventful early activity, dealers said.
+    The market opened 1/4 lower on weaker U.S. credit markets,
+but later rebounded in tandem with American prices, which
+reacted to a firming U.S. currency, the dealers noted. Many
+investors stayed sidelined, awaiting clearer economic signals.
+    The benchmark Canada 9-1/2 pct of 2001 fell 1/8 to 106-1/4
+1/2 and the 8-1/2 pct of 2011 was unchanged at 97-3/8 5/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2905" NEWID="13922">
+<DATE> 7-APR-1987 10:33:00.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1029&#31;reute
+u f BC-NYSE-CONSOLIDATED-103   04-07 0088</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE CONSOLIDATED 1030 ACTIVES
+
+4,748,600 GCA CP               7/32 OFF   1/32
+1,515,700 BELLSOUTH          39 1/4 OFF    1/4
+1,505,700 TEXACO             33 5/8 UNCH
+1,147,000 OKLAHO G&amp;E         32 1/2 OFF    3/4
+  750,700 DELMARVA           30 3/8 UNCH
+  720,100 CAESARS            31 1/4 UP     5/8
+  686,400 GEN MOTORS         83 3/8 UP   1 7/8
+  677,600 CARO PWR           36 7/8 OFF    1/2
+  626,100 FORD MOTOR         90 3/4 UP     5/8
+  605,400 UNITED AIR         65 5/8 OFF    1/8
+
+      ADVANCES    579   DECLINES    542
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2906" NEWID="13923">
+<DATE> 7-APR-1987 10:33:10.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1030&#31;reute
+u f BC-CBT-SILVER-10-30-EDT   04-07 0036</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT SILVER 10:30 EDT
+1,000 OUNCE
+ APR7  6640 UP  70
+ MAY7  6680 UP  80
+ JUN7  6720 UP  80
+ AUG7  6810 UP  90
+ OCT7  6880 UP  80
+ DEC7  6980 UP  100
+ FEB8  7080 UP  120
+ APR8  7150 UP  110
+ JUN8  7250 UP  130
+ AUG8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2907" NEWID="13924">
+<DATE> 7-APR-1987 10:33:20.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1031&#31;reute
+u f BC-CANADIAN-BONDS-SLIGHT   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN BONDS SLIGHTLY OFF IN EARLY TRADE</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>Canadian bonds recouped some opening
+losses to trade unchanged to mildly lower in quiet, mostly
+uneventful early activity, dealers said.
+    The market opened 1/4 lower on weaker U.S. Credit markets,
+but later rebounded in tandem with American prices, which
+reacted to a firming U.S. Currency, the dealers noted. Many
+investors stayed sidelined, awaiting clearer economic signals.
+    The benchmark Canada 9-1/2 pct of 2001 fell 1/8 to 106-1/4
+1/2 and the 8-1/2 pct of 2011 was unchanged at 97-3/8 5/8.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2908" NEWID="13925">
+<DATE> 7-APR-1987 10:33:33.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1032&#31;reute
+u f BC-NY-COMEX-ALUMINUM-10-   04-07 0040</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX ALUMINUM 10:31
+        LAST CHANGE
+APR7    UNTRD
+MAY7    6150 UNCH
+JUN7    UNTRD
+JUL7    UNTRD
+SEP7    UNTRD
+DEC7    UNTRD
+JAN8    UNTRD
+FEB8    UNTRD
+MAR8    UNTRD
+MAY8    UNTRD
+JUL8    UNTRD
+SEP8    UNTRD
+DEC8    UNTRD
+JAN9    UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2909" NEWID="13926">
+<DATE> 7-APR-1987 10:33:52.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1033&#31;reute
+d f BC-BARCLAYS-NAMES-NEW-NO   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARCLAYS NAMES NEW NORTH AMERICAN CHIEF OFFICER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Barclays Bank Plc said it has promoted
+John Kerslake to chief executive officer of its North American
+operations with overall responsibility for the bank's U.S.
+banking and finance operations.
+    He succeeds Brian Pearse, who is promoted to executive
+director and chief financial officer of Braclays' worldwide
+operations, based in London.
+    Kerslake, who takes up his new job on June 1, was most
+recently a general manager responsible for personnel policy. He
+was previously in charge of Barclay's operations in the Middle
+East and Asia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2910" NEWID="13927">
+<DATE> 7-APR-1987 10:33:59.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f1034&#31;reute
+u f BC-NY-COMEX-COPPER-1030   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX COPPER 1030
+
+ APR7 UNTRD
+ MAY7  6270 UP  5
+ JUN7 UNTRD
+ JUL7  6245 UP  10
+ SEP7  6265 UP  15
+ DEC7  6285 UP  10
+ JAN8 UNTRD
+ MAR8  6340 UP  15
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+ DEC8 UNTRD
+ JAN9 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2911" NEWID="13928">
+<DATE> 7-APR-1987 10:34:02.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1035&#31;reute
+u f BC-ny-rubber-physicals   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. RUBBER PHYSICAL 1030 APR 7
+ DEALER PRICE C/F (CtS PER LB)
+ No 1 rss May 44-7/8n Jun 45-1/8n
+ No 2 rss May 44-3/4n
+ No 3 rss May 44-1/2n
+ No 4 rss May 43-7/8n
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2912" NEWID="13929">
+<DATE> 7-APR-1987 10:34:06.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1036&#31;reute
+d f BC-BARCLAYS-NAMES-NEW-NO   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARCLAYS NAMES NEW NORTH AMERICAN CHIEF OFFICER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Barclays Bank Plc said it has promoted
+gz&#127;gg&#127;ggy&#127;ggy&#127;gg&#127;ggz&#127;gg&#127;gg&#127;ggy&#127;gy&#127;ggy&#127;ggy&#127;gg 7
+                 LAST    BUYER   SELLER
+ Hg Cash           --       --       --
+ 3 Months       456.0    456.0    457.0
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2913" NEWID="13930">
+<DATE> 7-APR-1987 10:34:36.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1038&#31;reute
+u f BC-AMSTERDAM-EXCHANGES-C   04-07 0016</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AMSTERDAM EXCHANGES CLOSING - APRIL 7
+     US   2.0610/18
+     DM   112.82/84
+     STG  3.3270/10
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2914" NEWID="13931">
+<DATE> 7-APR-1987 10:35:00.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f1039&#31;reute
+u f BC-iowa-s-minn-hog-rcpts   04-07 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+**<TITLE>IOWA-SO MINN DIRECT HOGS ACTUAL RCPTS 83,000 head vs yesterday's estimate of 95,000 head.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2915" NEWID="13932">
+<DATE> 7-APR-1987 10:35:05.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ
+&#22;&#22;&#1;f1040&#31;reute
+u f BC-ny-spot-trends   04-07 0054</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+COMMODITIES OPENING SPOT TRENDS - APRIL 7
+ Silver        up 15.0  cts per oz
+ Copper        up 0.15  cts per lb
+ Gold (Comex) up 2.00   dlrs per oz
+ Platinum     up  7.10  dlrs per oz
+ Sugar 11     off 0.09  cts per lb
+ Coffee c     up  0.26  cts per lb
+ Cocoa        off   13  dlrs per tonne
+ Cotton       up  0.10  cts per lb
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2916" NEWID="13933">
+<DATE> 7-APR-1987 10:35:27.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1041&#31;reute
+u f BC-LONDON-CDS-AFTERNOON   04-07 0054</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON CDS AFTERNOON - APRIL 7
+    STERLING
+ One Month      10 9-7/8
+ two            9-7/8 3/4
+ three          9-13/16 11/16
+ six            9-9/16 7/16
+ nine           9-1/2 3/8
+ twelve         9-7/16 5/16
+    US DOLLAR
+ One Month      6.35 6.30
+ two            6.36 6.31
+ three          6.38 6.33
+ six            6.50 6.45
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2917" NEWID="13934">
+<DATE> 7-APR-1987 10:35:34.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1042&#31;reute
+b f BC-LONDON-COCOA-MIDAFTER   04-07 0048</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COCOA MIDAFTERNOON - APR 7
+ MTH BYR  SLR  HIGH LOW  SALES
+ May 1289 1290 1296 1287  325
+ Jul 1318 1319 1324 1317  315
+ Sep 1340 1341 1345 1337  276
+ Dec 1365 1366 1370 1365  624
+ Mar 1390 1391 1393 1387  200
+ May 1410 1411 1410 1409   33
+ Jul 1429 1430 1430 1430    2
+ TOTAL SALES 1775
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2918" NEWID="13935">
+<DATE> 7-APR-1987 10:36:44.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f1043&#31;reute
+u f BC-NY-ORANGE-JUICE-OPG-T   04-07 0049</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY ORANGE JUICE OPG TRENDS 7-APR
+         OPEN        P SETT
+MAY7 13100L 13105H  13120
+JUL7 12930          12910
+SEP7 12700B 12780A  12715
+NOV7 12450B 12500A  12540
+JAN8 12450B 12500A  12455
+MAR8 12450B 12550A  12455
+MAY8 12450B 12550A  12455
+JUL8 12450B 12550A  12455
+SEP8 12450B 12550A  12455
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2919" NEWID="13936">
+<DATE> 7-APR-1987 10:37:26.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f1045&#31;reute
+u f BC-CBT-OPG-TRENDS-7-APR   04-07 0119</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT OPG TRENDS 7-APR
+WHEAT       OPEN          P SETT
+ MAY7  286 1/2L 286 3/4H 286 1/4
+ JUL7      273H 272 3/4L 272 3/4
+ SEP7  272 1/2H 272 1/4L     273
+ DEC7  278 1/2L 278 3/4H     278
+ MAR8  277 3/4L     278H 277 1/4
+ MAY8      270B              270
+CORN        OPEN          P SETT
+ MAY7  159 1/2H 159 1/4L 158 1/4
+ JUL7  162 3/4           161 3/4
+ SEP7  167 1/4           166 1/4
+ DEC7  175 3/4H 175 1/2L 174 3/4
+ MAR8  182 1/4L 182 1/2H 181 3/4
+ MAY8      184           183 1/4
+ JUL8  185 1/2           185 1/4
+OATS        OPEN          P SETT
+ MAY7  150 1/4               150
+ JUL7      139           138 1/2
+ SEP7  128 3/4           128 1/4
+ DEC7  134 1/4               134
+ MAR8  137 1/4L 137 1/2H 136 3/4
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2920" NEWID="13937">
+<DATE> 7-APR-1987 10:37:49.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f1047&#31;reute
+u f BC-CBT-OPG-TRENDS-(2)-7-   04-07 0116</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT OPG TRENDS (2) 7-APR
+            OPEN         P SETT
+SOYBEANS
+ MAY7499 1/2L  499 3/4H  499 3/4
+ JUL7499 3/4L  500 1/2H  500 1/4
+ AUG7    500L  500 1/4H  499 1/2
+ SEP7    496H  495 1/2L      494
+ NOV7496 1/2                 496
+ JAN8504 1/4L  504 1/2H  502 1/2
+ MAR8                        510
+ MAY8                        514
+ JUL8                        514
+SOYBEAN OIL
+ MAY7   1552H     1550L     1543
+ JUL7   1585H     1583L     1578
+ AUG7   1602                1595
+ SEP7   1620                1611
+ OCT7   1633                1625
+ DEC7   1665                1654
+ JAN8                       1655
+ MAR8                       1680
+ MAY8                       --
+ JUL8                       --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2921" NEWID="13938">
+<DATE> 7-APR-1987 10:38:14.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V F
+&#22;&#22;&#1;f1048&#31;reute
+u f BC-QT8912   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS LOWER IN EARLY TRADING</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Wall Street stocks rebounded from their
+early lows as the dollar firmed. Shares of automakers scored a
+second straight session of strong gains, and expectations of
+rising oil prices today sent many energy issues higher, traders
+said.
+    The Dow Jones Industrial Average, which fell more than 10
+points in the first minutes of trading this morning when the
+dollar weakened and bond prices eased, recovered to post an 11
+point gain to 2416. Advances led declines by only a slight
+margin on volume of 48 mln shares. GM gained two to 83-1/2 and
+Ford 5/8 to 90-3/4. Chrysler rose 3/8 to 58-5/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2922" NEWID="13939">
+<DATE> 7-APR-1987 10:38:18.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f1049&#31;reute
+u f BC-CBT-OPG-TRENDS-(3)-7-   04-07 0050</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT OPG TRENDS (3) 7-APR
+SOYBEAN MEAL
+         OPEN     P SETT
+ MAY7 1454L 1457H  1453
+ JUL7 1455L 1456H  1451
+ AUG7 1456         1450
+ SEP7 1453B1458A   1451
+ OCT7 1455         1451
+ DEC7 1465L 1467H  1462
+ JAN8 1475B1478A   1467
+ MAR8 1485B1490A   1480
+ MAY8                --
+ JUL8                --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2923" NEWID="13940">
+<DATE> 7-APR-1987 10:38:21.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f1050&#31;reute
+u f BC-ny-comex-delivery   04-07 0029</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMEX DELIVERY NOTICES
+ (Spot April)
+Notices for April 7
+ Silver     2 so far    522
+ Copper     0 so far      0
+ Gold     191 so far  13171
+ Aluminium  0   so far    0
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2924" NEWID="13941">
+<DATE> 7-APR-1987 10:39:22.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1051&#31;reute
+u f BC-LONDON-INTERBANK-STER   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON INTERBANK STERLING CLOSING - APRIL 7
+ tomorrow/next 10-1/8 10
+ week      10-1/8 10
+ 1 month   10-1/16 9-15/16
+ two       9-15/16 7/8
+ three     9-7/8 3/4
+ six       9-11/16 9/16
+ nine      9-11/16 9/16
+ twelve    9-5/8 1/2
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2925" NEWID="13942">
+<DATE> 7-APR-1987 10:39:50.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1052&#31;reute
+r f BC-ARGENTINE-GRAIN-BELT   04-07 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE GRAIN BELT WEATHER REPORT</TITLE>
+<DATELINE>    BUENOS AIRES, ABR 7 - </DATELINE><BODY>ARGENTINE GRAIN BELT TEMPERATURES
+(CENTIGRADE) AND RAIN (MM) IN THE 24 HOURS TO 12.00 GMT WERE:
+    ...............MAX TEMP..MIN TEMP..RAINFALL
+    BUENOS AIRES.......27.......21............4
+    BAHIA BLANCA.......29.......16............0
+    TRES ARROYOS.......28.......16............0
+    TANDIL.............--.......15............5
+    JUNIN..............29.......18............5
+    SANTA ROSA.........--.......--...........--
+    CORDOBA............30.......17............0
+    SANTA FE...........--.......22............0 REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2926" NEWID="13943">
+<DATE> 7-APR-1987 10:39:56.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1053&#31;reute
+b f BC-LME-COPPER-AFT-1ST-RI   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME COPPER AFT 1ST RING 1537 - APR 7
+                 LAST    BUYER   SELLER
+ Std Cash          --       --       --
+ 3 Months          --       --       --
+ Hg Cash           --       --       --
+ 3 Months       879.0    879.0    879.5
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2927" NEWID="13944">
+<DATE> 7-APR-1987 10:40:15.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ
+&#22;&#22;&#1;f1054&#31;reute
+u f BC-chgo-commodity-trends   04-07 0111</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHICAGO COMMODITY TRENDS- OPENING April 7
+         cts/bu                        cts/lb
+ wheat    up 1            live cattle  up 0.15
+ corn     up 1-1/4        feeders      dn 0.10
+ soybean  up 1            live hogs    up 0.38
+ soyoil   up 0.06 cts/lb  pork bellies dn 0.20
+ soymeal  up 0.40 dlrs/ton
+  COMMODITY RESEARCH BUREAU INDEX - April 6
+ 210.57 up 0.81 vs 210.2 up 2.1 from year ago
+ imports 307.60 up 0.53 industries 225.73 up 1.17
+ grains  161.98 up 0.78 oilseeds 179.05 up 1.53
+ livestk 204.40 up 1.55 metals 339.69 up 2.66
+ misc   267.21 dn 0.76  energy 162.47 dn 1.04
+ int rate 104.82 up 0.27 currency 122.99 dn 0.02
+ Reuter commodity index 1542.8 up 6.7
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2928" NEWID="13945">
+<DATE> 7-APR-1987 10:40:23.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1055&#31;reute
+u f BC-FRANKFURT-FWDS-CLSG--   04-07 0017</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FRANKFURT FWDS CLSG - APRIL 7 (one, three, six and twelve mths)
+us 43/38, 123/118, 250/240, 495/475 discs
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2929" NEWID="13946">
+<DATE> 7-APR-1987 10:40:34.40</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1056&#31;reute
+b f BC-/VOLCKER-URGES-QUICK   04-07 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER URGES QUICK AID TO DEBTOR NATIONS</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said that debtor nations have made much progress in
+laying the groundwork for economic growth, but a solution to
+world debt difficulties was endangered by inaction on new
+financing.
+    "There is clearly a danger that adequate financing
+arrangements are not being negotiated and put in place in a
+timely way," Volcker told the Senate Banking Committee.
+    The borrowing countries need to be able to proceed with
+confidence that the necessary funds will be available to them,
+he said.
+    Brazil has the potential for becoming a leading world
+economic power, but it is in a difficult position today,
+Volcker said.
+    He said it will take a concerted effort to regularize
+Brazil's external payments.
+    "The key prerequisite is clearly in the hands of Brazilian
+authorities," he said.
+    Both Brazil and its creditors have a strong incentive to
+work together, Volcker said.
+    Regarding trade imbalances, Volcker said that it was
+critically important that markets be kept open by the
+industrial nations.
+    In addition, the United States must reduce its budget
+deficit and foreign nations need to provide stimulus to their
+domestic economies, Volcker said.
+    "We need time for those actions and the earlier
+depreciation to work their effects," he said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2930" NEWID="13947">
+<DATE> 7-APR-1987 10:40:40.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1057&#31;reute
+u f BC-UNISYS-&lt;UIS>-OFFERS-N   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNISYS &lt;UIS> OFFERS NEW MAINFRAME MODELS</TITLE>
+<DATELINE>    DETROIT, April 7 - </DATELINE><BODY>Unisys Corp said it is offering eight
+new models of its A15 large-scale mainframe computer.
+    The new models improve the overall system performance by an
+average 20 pct, the computer maker said.
+    Memory capacity on four of the models is doubled, and is
+increased by 50 pct on the A12 mainframe.
+    Unisys said prices for the new models range from 2.9 mln
+dlrs for the single processor A-15FX to 8.4 mln dlrs for an
+A-15NX, which has four processors.
+    The new computer systems, which encorporate the "Master
+Control Program/Advanced Systems" operating system, will
+compete with other large mainframes, including International
+Business Machines Corp's &lt;IBM> IBM 3090, Unisys said.
+    Unisys' A-12 computer is a less powerful, smaller version
+of the A-15.
+    The A-12 is a "lower-end model, almost an entry-level
+machine," said a Unisys spokesman.
+    The price of the machine starts at 1.4 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2931" NEWID="13948">
+<DATE> 7-APR-1987 10:40:44.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1058&#31;reute
+r f BC-ITALIAN-MONEY-AFTERNO   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ITALIAN MONEY AFTERNOON - APR 7
+    TREASURY BILLS
+ 82 DAYS  9.10 PCT 174 DAYS  8.90 PCT 356 DAYS  8.95 PCT
+    INTERBANK MONEY ONE MONTH    10     PCT - 10.1/2 PCT TWO
+MONTHS    9.7/8 PCT - 10.3/8 PCT THREE MONTHS 10.1/8 PCT -
+10.5/8 PCT
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2932" NEWID="13949">
+<DATE> 7-APR-1987 10:41:17.67</DATE>
+<TOPICS><D>money-supply</D><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1060&#31;reute
+u f BC-BUNDESBANK-RETAINS-MO   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK RETAINS MONEY SUPPLY POLICY</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>Bundesbank council member Lothar
+Mueller said the bank has not given up its money supply policy
+and that restraining money supply growth does not always mean
+pushing up interest rates.
+    Mueller said in an article for the Boersen Zeitung
+financial daily that a monetary policy which took into account
+exchange rate expectations and capital flows could not be
+confused with an exchange rate oriented policy.
+    The article followed international press speculation that
+the Bundesbank had abandoned money supply targetting in favour
+of an exchange rate policy.
+    Mueller, a member of the Bundesbank council in his position
+as president of the regional state central bank in Bavaria,
+noted that the Bundesbank's decision in January to cut leading
+interest rates amid continuing strong monetary growth had led
+some people to think it was dropping monetary targetting.
+    "Simply to ignore the external economic context would be
+risky and dangerous for monetary policy," he explained.
+    Mueller said the cuts in official interest rates had put an
+end to interest rate speculation. The Bundesbank could now
+assume that upward pressure on the mark would ease and currency
+inflows slow down.
+    Lower money market rates, achieved by widening short and
+long term interest rate differentials, also encouraged
+investors to re-invest funds parked in liquid accounts, Mueller
+said.
+    The measures therefore aimed clearly at bringing monetary
+growth back onto the desired path, he said.
+    "Finally, of course, and there is no need to keep this
+quiet, the cut in interest rates was also in line with the
+changed economic situation of the last few months," he added.
+    "All in all, the Bundesbank in no way abandoned its money
+supply policy with the January discount rate cut, despite
+suppositions to the contrary," Mueller said.
+    "Keeping money supply developments in check is not always
+synonymous with raising interest rates, especially when
+excessive liquidity due to inflows from abroad, rather than
+growth in bank credits, is the cause of rising monetary
+holdings of non-banks," Mueller said.
+    Now that West Germany no longer ran large external deficits
+other concepts were needed for monetary policy.
+    Mueller said it would be both difficult and dangerous for
+monetary policy to pursue a specific mark/dollar exchange rate.
+    In any case, the exchange rate partly depends on U.S.
+Currency and budgetary policy and the U.S. Economy, he said.
+    But an exchange rate orientation would also mean the end of
+a strict stability policy because both interest rates and
+liquidity would be affected by required currency intervention
+and could no longer be steered autonomously by the Bundesbank.
+    Even interest rates are not in the centre of the
+Bundesbank's considerations, but reflect competition and other
+market conditions, Mueller said.
+    A cut in bank liquidity will not directly influence central
+bank money stock, the Bundesbank's main money supply indicator.
+    This does not reflect banking liquidity, but the liquidity
+of industry and households which cannot be directly reached
+with the Bundesbank's instruments, Mueller said.
+    The less dependent non-banks are on bank credits, the
+harder it is to steer money supply. This has increasingly been
+the case recently, because non-banks have received considerable
+sums from current account surpluses and capital imports.
+    "If the Bundesbank had tried to brake the money supply rise
+with higher interest rates, as would have been appropriate if
+credit was growing excessively, it would not only have missed
+its target but probably even set off further inflows," he said.
+    Mueller said growth in money supply was still too high.
+    In the last three months money stock grew at an annual rate
+of seven pct, down from 10 pct in the previous quarter.
+    The growth curve has therefore come closer to the three to
+six pct 1987 target corridor for central bank money stock
+growth, pointing to the success of the current policy, he said.
+    But high monetary stocks can be a warning sign and there
+should be no change in priorities. "Monetary policy must be
+first and foremost stability policy and successful stability
+policy is money supply policy -- nothing else," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2933" NEWID="13950">
+<DATE> 7-APR-1987 10:41:26.61</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1061&#31;reute
+b f BC-/VOLCKER-URGES-GREATE   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER URGES GREATER EXCHANGE RATE STABILITY</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said international policymakers should make improving
+the stability of exchange rates a major priority.
+    In testimony before a Senate Banking subcommittee, Volcker
+said he does not have any specific proposals for improving
+exchange rate stability, but thought it was worthy goal.
+    "I do think we ought to be thinking about and working toward
+greater exchange rate stability," Volcker said. "I think that the
+objective of greater exchange rate stability ought to loom
+larger among our various policy priorities."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2934" NEWID="13951">
+<DATE> 7-APR-1987 10:41:54.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1063&#31;reute
+u f BC-ny-cocoa-opg-report   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. COCOA FUTURES QUIETLY LOWER EARLY</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Cocoa futures were slightly lower early
+in quiet trading that was devoid of fundamental or technical
+features, traders said.
+    Locals tracked the London cocoa market while many
+speculators chose to stay sidelined, waiting for the buffer
+stock manager to enter as a buyer, traders said.
+    Origins and manufacturers were inactive, traders added.
+    Cocoa for May delivery was off nine dlrs at 1,925 dlrs a
+tonne in a 1,928 to 1,922 dlr range.
+    July was off 10 dlrs at 1,957 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2935" NEWID="13952">
+<DATE> 7-APR-1987 10:41:57.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1064&#31;reute
+u f BC-NYSE-INDEX-AT-1030   04-07 0006</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE INDEX AT 1030
+
+ 208.78 UP  1.30
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2936" NEWID="13953">
+<DATE> 7-APR-1987 10:42:00.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ FQ
+&#22;&#22;&#1;f1065&#31;reute
+u f BC-AMEX-INDEX-AT--1030   04-07 0006</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AMEX INDEX AT  1030
+
+ 343.51 UP  1.28
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2937" NEWID="13954">
+<DATE> 7-APR-1987 10:42:10.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1066&#31;reute
+u f BC-BEIRUT-GOLD-CLSG---AP   04-07 0009</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BEIRUT GOLD CLSG - APRIL 7
+   419.25 DLRS. (PREV 422.20)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2938" NEWID="13955">
+<DATE> 7-APR-1987 10:42:34.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1067&#31;reute
+u f BC-ZURICH-EXCHANGES-CLOS   04-07 0060</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH EXCHANGES CLOSING - APR 7 us  1.5140-5150          nkr
+22.15-23 stg 2.4469-4501          skr 23.81-90 can 1.1583-1598 
+        lit 0.11630-11646 dmk 82.83-93             oesch
+11.7928-8190 dfl 73.43-55             esc 1.0690-0735 ffr
+24.90-94             ptas 1.1829-1846 bfr 3.9974-4.0106       
+austral 0.9875slr dkr 22.01-06             yen 1.0414-0428
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2939" NEWID="13956">
+<DATE> 7-APR-1987 10:42:45.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1068&#31;reute
+u f BC-CBT-10-40-EDT   04-07 0106</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 10:40 EDT
+WHEAT
+MAY7  287 1/2 UP  1 1/4
+JUL7  273 1/2 UP   3/4
+SEP7  274 UP  1
+DEC7  279 UP  1
+MAR8  278 1/2 UP  1 1/4
+CORN
+MAY7  159 1/2 UP  1 1/4
+JUL7  163 UP  1 1/4
+SEP7  167 1/2 UP  1 1/4
+DEC7  175 1/4 UP   1/2
+MAR8  182 1/4 UP   1/2
+OATS
+MAY7  151 UP  1
+JUL7  139 1/2 UP  1
+SEP7  129 UP   3/4
+DEC7  134 1/2 UP   1/2
+MAR8 UNTRD
+BEANS
+MAY7  500 1/2 UP   3/4
+JUL7  501 1/2 UP  1 1/4
+AUG7  501 1/2 UP  2
+SEP7  497 UP  3
+NOV7  498 1/4 UP  2 1/4
+JAN8  505 UP  2 1/2
+MEAL
+MAY7  1455 UP  2
+JUL7  1455 UP  4
+AUG7  1455 UP  5
+SEP7 UNTRD
+OCT7  1452 UP  1
+OIL
+MAY7  1550 UP  7
+JUL7  1585 UP  7
+AUG7  1601 UP  6
+SEP7 UNTRD
+OCT7  1627 UP  2
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2940" NEWID="13957">
+<DATE> 7-APR-1987 10:42:53.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f1069&#31;reute
+u f BC-LONDON-LIFFE-FTSE-IND   04-07 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON LIFFE FTSE INDEX CLOSE 1540 - APR 7
+ MTH     LAST   HIGH     LOW   PR.SET
+ Jun    20345  20400   20205    20380
+ Sep      ---    ---     ---    20830
+ Dec      ---    ---     ---    16760
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2941" NEWID="13958">
+<DATE> 7-APR-1987 10:43:01.67</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>italy</D><D>canada</D><D>japan</D><D>usa</D><D>uk</D><D>france</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1070&#31;reute
+u f BC-ITALY-SAYS-G-7-GIVES   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY SAYS G-7 GIVES CHANCE TO VERIFY TOKYO ACCORD</TITLE>
+<DATELINE>    ROME, April 7 - </DATELINE><BODY>This week's Group of Seven (G-7) meeting in
+Washington provides an opportunity to verify an accord reached
+at the Tokyo summit last May to include Italy and Canada in
+Group of Five (G-5) talks on management of the international
+monetary system and related issues, the Italian Treasury said.
+    It said in a statement the G-7 meeting, which Italy plans
+to attend, will provide a forum for considering the Tokyo
+accord in the light of events in Paris in February this year.
+    On February 22, Italy boycotted a meeting in Paris of its
+G-7 partners - the United States, Japan, West Germany, France,
+Britain and Canada - after being excluded from an earlier
+session of talks involving G-5 members.
+    Today's statement from the Italian Treasury said-
+    "Nobody denies the existence of G-5 but we should like it to
+be remembered that the Tokyo accords provided for the
+enlargement of the group to Italy and Canada whenever "the
+management or the improvement of the international monetary
+economic policy measures are to be discussed or dealt with.'"
+    Italy refused to attend the Paris G-7 meeting on the
+grounds that G-5, grouping the United States, Japan, West
+Germany, France and Britain, had reduced Italy's role to rubber
+stamping agreements already taken.
+    The Italian Treasury said today that Italy was "certain that
+this time incidents would not occur."
+    But it said it would be opportune to look in depth at the
+role and the procedures of G-7 in relation to those of G-5.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2942" NEWID="13959">
+<DATE> 7-APR-1987 10:43:06.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1071&#31;reute
+u f BC-ZURICH-DOLLAR-FORWARD   04-07 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH DOLLAR FORWARDS 1630 - APRIL 7 one month 0047/0044 two
+0084/0081 three 0114/0111 six 0228/0220 twel
+ INTERRUPTED
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2943" NEWID="13960">
+<DATE> 7-APR-1987 10:43:11.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1072&#31;reute
+u f BC-ZURICH-DOLLAR-FORWARD   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH DOLLAR FORWARDS 1630 - APRIL 7 one month 0047/0044 two
+0084/0081 three 0114/0111 six 0228/0220 twelve 0445/0425 all
+discs.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2944" NEWID="13961">
+<DATE> 7-APR-1987 10:43:47.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f1073&#31;reute
+u f BC-ZURICH-GOLD-CLOSING--   04-07 0020</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH GOLD CLOSING - APRIL 7 pool 417.00-420.00 (419.00-422.00
+at 15.15) interbank 418.50-419.00 (420.00-420.50 at 15.15)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2945" NEWID="13962">
+<DATE> 7-APR-1987 10:43:57.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1074&#31;reute
+b f BC-LME-ALUMINIUM-AFT-1ST   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME ALUMINIUM AFT 1ST RING 1542 - APR 7
+                 LAST    BUYER   SELLER
+ Cash              --       --       --
+ 3 Months       806.0    805.5    806.5
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2946" NEWID="13963">
+<DATE> 7-APR-1987 10:45:02.56</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>kuwait</D><D>uk</D><D>uk</D><D>china</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1075&#31;reute
+u f AM-GULF-FLAGS (SCHEDULED)  04-07 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT SAID SEEKING FOREIGN PROTECTION FOR OIL</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Kuwait has asked at least four
+countries, including the United States, Soviet Union, Britain
+and China, for temporary use of their flags or tankers to
+protect Kuwaiti oil shipments in the troubled Persian Gulf,
+Reagan Administration officials said.
+    The officials confirmed a New York Times report that Kuwait
+wants to transfer some of its oil tankers to U.S. or Soviet
+registration in hopes Iran would be reluctant to launch new
+"Silkworm" missiles at superpower flags.
+    The United States has vowed to keep the gulf open to
+international oil traffic and has warned Tehran against using
+the Chinese-made missiles recently installed in Iran near the
+mouth of the gulf.
+    "They (the Kuwaitis) have also asked Britain, China and
+possibly some other European countries to lease tankers to
+carry their oil," one of the administration officials, who asked
+not to be identified, told Reuters.
+    The United States is considering the request to temporarily
+transfer Kuwaiti ships to American registration, but such a
+move could create insurance and other problems, the officials
+said.
+    U.S. defense officials told Reuters yesterday that Kuwait
+had decided for at least the time being not to accept a U.S.
+offer to use American warships to escort its tankers in the
+gulf, where both Iran and Iraq have been attacking shipping.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2947" NEWID="13964">
+<DATE> 7-APR-1987 10:45:07.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1076&#31;reute
+u f BC-LONDON-MONEY-RATES--   04-07 0049</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON MONEY RATES - APRIL 7
+    SECURED FUNDS
+ day to day     10-1/2 TO 10 PCT
+ seven days     10 PCT ONLY
+    ELIGIBLE BANK BILLS
+ 1 month        9-13/16 25/32
+ two            9-45/64 43/64
+ three          9-17/32 15/32
+ six            9-5/32 1/8
+    TREASURY BILLS
+ three          9-1/2 ONLY
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2948" NEWID="13965">
+<DATE> 7-APR-1987 10:45:44.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f1078&#31;reute
+r f BC-peoria-prev-day-hogs   04-07 0068</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PEORIA PREVIOUS DAY AVG HOG PRICE/WEIGHT-USDA
+            PRICES/DLRS  WEIGHTS/LBS
+ ALL HOGS    48.40       293 
+ WEEK AGO    47.98       275 
+ YEAR AGO    39.33       288 
+ BUTCHERS    49.58       247 
+ WEEK AGO    49.10       244 
+ YEAR AGO    38.95       241 
+ SOWS        45.75       506 
+ WEEK AGO    44.31       478 
+ YEAR AGO    40.11       472 
+ 17 PCT SOWS PREVIOUS DAY
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2949" NEWID="13966">
+<DATE> 7-APR-1987 10:47:21.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1083&#31;reute
+d f BC-ROLLS-APPROACHES-FLOA   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROLLS APPROACHES FLOAT WITH PROFITS SET TO RISE</TITLE>
+<AUTHOR>    By Iain Pears, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>State-owned engine maker &lt;Rolls Royce
+Plc> launches its prospectus for privatisation tomorrow with
+many analysts forecasting higher profits this year. But it is
+likely to miss contracts to power the proposed &lt;Airbus
+Industrie> A340 aircraft.
+    The company's so-called "pathfinder prospectus" gives all the
+details of its stock market flotation except for the price at
+which shares will be offered.
+    Last month, the company announced that pretax profits rose
+in 1986 to 120 mln stg from 81 mln the year before.
+    Brokers Barclays de Zoete Wedd, BZW, sees 155 mln profit
+for 1987.
+    Analyst Tim Harris of Phillips and Drew said rising profits
+and a low tax charge would be offset by the fact that Rolls
+operated in a sector which traditionally attracted low ratings.
+    Assuming the company was valued at around eight times
+earnings, this would give a selling price valuing it at about
+1.2 billion, though he said the recent good performance of the
+aerospace sector could nudge this figure upwards.
+    BZW is currently forecasting a higher sale price at between
+1.5 billion and 1.7 billion.
+    The price will be increased by it being likely to have much
+of its debt wiped off by a government anxious to assure the
+company's health when it has to fend for itself. Rolls was
+rescued from bankruptcy and taken into state ownership in 1971.
+    When the government announced the sale, it said it would
+inject permanent capital equivalent to net debt -- around 250
+mln stg at end-1986 -- into the company.
+    Analysts noted this was necessary to ensure Rolls a credit
+rating to match those of its main competitors such as General
+Electric Co &lt;GE.N> and United Technologies Corp's &lt;UTX.N> Pratt
+and Whitney unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2950" NEWID="13967">
+<DATE> 7-APR-1987 10:47:31.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f1084&#31;reute
+u f BC-WINNIPEG-GRAIN-OPG-TR   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINNIPEG GRAIN OPG TRENDS 7-APR</TITLE>
+RYE       OPEN       P SETT
+<DATELINE> MAY7    --           </DATELINE><BODY>846
+ JUL7   877A          877
+ OCT7    --           926
+ DEC7    --           953
+OATS      OPEN       P SETT
+ MAY7   752A          755
+ JUL7   720A          722
+ OCT7    --           702
+ DEC7    --           700
+BARLEY    OPEN       P SETT
+ MAY7   777A          779
+ JUL7   787B          790
+ OCT7   737A          738
+ DEC7   732H  732L    733
+ MAR8    --           739
+FLAX      OPEN       P SETT
+ MAY7  1920H 1920L   1907
+ JUL7  1975B         1960
+ OCT7  2050B         2040
+ DEC7  2089H 2089L   2080
+ MAR8  2130B         2125
+WHEAT     OPEN       P SETT
+ MAY7   856A          857
+ JUL7   856A          857
+ OCT7   832H  832L    832
+ DEC7   829B          829
+VANCOUVER RAPESEED
+          OPEN       P SETT
+ JUN7  2213L 2218H   2213
+ SEP7  2288L 2290H   2286
+ NOV7  2332H 2332L   2324
+ JAN8  2380T 2381B   2373
+ MAR8  2415B         2410
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2951" NEWID="13968">
+<DATE> 7-APR-1987 10:48:20.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f1087&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0078</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MIDWEST GRAIN FUTURES OPG TRENDS 7-APR
+KANSAS CITY WHEAT
+            OPEN         P SETT
+ MAY7     274H 273 3/4L      274
+ JUL7     264H 263 1/2L      263
+ SEP7     266            265 1/4
+ DEC7 271 1/2            270 3/4
+ MAR8     271A               270
+MINNEAPOLIS WHEAT
+            OPEN         P SETT
+ MAY7 284 1/2A           283 1/2
+ JUL7 280 3/4A           280 3/4
+ SEP7 277 1/4                276
+ DEC7     280B           281 3/4
+ MAR8     277B               277
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2952" NEWID="13969">
+<DATE> 7-APR-1987 10:48:37.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f1088&#31;reute
+u f BC-NY-COTTON-OPG-TRENDS   04-07 0042</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COTTON OPG TRENDS 7-APR
+          OPEN     P SETT
+ MAY7 5580L 5590H   5580
+ JUL7 5505L 5515H   5490
+ OCT7 5515          5505
+ DEC7 5500          5475
+ MAR8 5600          5565
+ MAY8 5630B 5700A   5617
+ JUL8 5630B 5700A   5647
+ OCT8  --            --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2953" NEWID="13970">
+<DATE> 7-APR-1987 10:49:06.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1089&#31;reute
+u f BC-BUS,PRS-JOHANNESBURG   04-07 0042</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BUS,PRS JOHANNESBURG CLSG -  7 April^M
+DE BEERS 3950 ERGO 2650
+E R P M 2700 GROOTVL 1660 RANDFNT 43500 W R CONS 1430 KINROSS
+5750 LESLIE 590 BUFFELS 7500 HARTIES 2625 SOVAAL 20800 STILFNTN
+2400 OFSILS INVALID CODE HARMONY 4300 FREEGOLD 5250 ST HELENA
+5625
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2954" NEWID="13971">
+<DATE> 7-APR-1987 10:49:09.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1090&#31;reute
+b f BC-LME-NICKEL-AFT-1ST-RI   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME NICKEL AFT 1ST RING 1547 - APR 7
+                 LAST    BUYER   SELLER
+ Cash              --       --       --
+ 3 Months        2355     2355     2360
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2955" NEWID="13972">
+<DATE> 7-APR-1987 10:49:16.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L C
+&#22;&#22;&#1;f1091&#31;reute
+u f BC-IA-SO-MINN-DIRECT-HOG   04-07 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IA SO-MINN DIRECT HOGS UP 0.50/1.00 DLR - USDA</TITLE>
+<DATELINE>    des moines, april 7 - </DATELINE><BODY>barrow and gilt prices were mostly
+0.50 dlr higher, instances up 1.00 dlr than monday's
+midsession, the usda said. Top 52.00 dlrs per cwt.
+    us 1-3 210-250 lbs 49.50-50.50, few 49.00-51.00 at country
+points.
+    us 1-3 210-250 lbs 50.00-51.50, few 52.00 at packing
+plants.
+    sows - firm/up 1.00 dlr. top 45.00 dlrs.
+    us 1-3 300-650 lbs 40.00-44.00 at country.
+    us 1-3 300-650 lbs 41.00-45.00 at plants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2956" NEWID="13973">
+<DATE> 7-APR-1987 10:49:24.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1092&#31;reute
+u f BC-CME-10-45--EDT   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME 10:45  EDT
+
+L-CATTLE
+APR7  69.52 UP  0.12
+JUN7  64.95 OFF 0.07
+AUG7  60.70 OFF 0.17
+F-CATTLE
+APR7  68.95 OFF 0.15
+MAY7  68.05 OFF 0.17
+AUG7  66.50 UP  0.10
+HOGS
+APR7  50.07 UP  0.25
+JUN7  48.75 UP  0.28
+JUL7  47.25 UP  0.38
+BELLIES
+MAY7  66.17 OFF 0.23
+JUL7  64.57 OFF 0.28
+AUG7  61.50 OFF 0.10
+FEB8  55.85 UP  0.25
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2957" NEWID="13974">
+<DATE> 7-APR-1987 10:51:24.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1099&#31;reute
+u f BC-JOHANNESBURG-QRS-CLSG   04-07 0061</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+JOHANNESBURG QRS CLSG  7 April JAB 39.25 JTN 6.00 JDE 39.50 JEO
+27.00 JGP 16.60 JLZ 5.90 JFO 75.00 JIL 24.00 JLG 27.00 JVR
+398.00 JOS 133.25 JFR 52.50 JSH 56.25 JDG 15.30 JWF 71.25 JER
+37.50 JKA 37.75 JWD 198.00 JMD 4.00 JSM 8.30 JRP 48.50 JAA
+72.00 JWV 63.00 JAM INVALID CODE JIM 48.00 JEL 12.90 JWR 14.30
+JAC 23.25 JBR 8.75 JDF 57.00 JDU 41.75 JEG 26.50 JAT 0 JPA 28.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2958" NEWID="13975">
+<DATE> 7-APR-1987 10:51:30.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1100&#31;reute
+u f BC-SIOUX-CATTLE-OPEN-UP   04-07 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX CATTLE OPEN UP 0.50/1.00 DLR - PRIVATE</TITLE>
+<DATELINE>    Sioux City, April 7 - </DATELINE><BODY>Cattle prices were up 0.50 to 1.00
+dlr at the opening, private sources said. Steer top 68.00 and
+Heifers 65.50 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2959" NEWID="13976">
+<DATE> 7-APR-1987 10:51:41.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1102&#31;reute
+u f BC-SIOUX-CITY-HOGS-OPEN   04-07 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX CITY HOGS OPEN UP 1.25 DLR - PRIVATE</TITLE>
+<DATELINE>    Sioux City, April 7 - </DATELINE><BODY>Hog prices advanced 1.25 dlr at the
+opening, private sources said. Top 51.75 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2960" NEWID="13977">
+<DATE> 7-APR-1987 10:51:53.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1103&#31;reute
+u f BC-ST-JOSEPH-HOGS-OPEN-U   04-07 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST JOSEPH HOGS OPEN UP 1.00 DLR - PRIVATE</TITLE>
+<DATELINE>    St Joseph, April 7 - </DATELINE><BODY>Hog prices opened 1.00 dlr higher,
+private sources said. Top 51.50 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2961" NEWID="13978">
+<DATE> 7-APR-1987 10:52:05.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1104&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 10:50   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7 273 1/2            OFF   1/2
+ JUL7     263            UNCH
+ SEP7     266            UP    3/4
+ DEC7 271 1/2            UP    3/4
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7 284 1/2            UP      1
+ JUL7 280 1/4            OFF   1/2
+ SEP7 276 1/2            UP    1/2
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2962" NEWID="13979">
+<DATE> 7-APR-1987 10:52:24.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1105&#31;reute
+u f BC-CBT-10-50-EDT   04-07 0107</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 10:50 EDT
+WHEAT
+MAY7  287 3/4 UP  1 1/2
+JUL7  273 1/2 UP   3/4
+SEP7  273 1/2 UP   1/2
+DEC7  278 3/4 UP   3/4
+MAR8  278 UP   3/4
+CORN
+MAY7  159 1/4 UP  1
+JUL7  162 1/2 UP   3/4
+SEP7  167 1/2 UP  1 1/4
+DEC7  175 1/4 UP   1/2
+MAR8  182 1/4 UP   1/2
+OATS
+MAY7  150 UNCH
+JUL7  138 3/4 UP   1/4
+SEP7  128 1/2 UP   1/4
+DEC7  134 1/2 UP   1/2
+MAR8 UNTRD
+BEANS
+MAY7  500 3/4 UP  1
+JUL7  501 1/2 UP  1 1/4
+AUG7  501 1/2 UP  2
+SEP7  497 UP  3
+NOV7  498 UP  2
+JAN8  504 1/2 UP  2
+MEAL
+MAY7  1454 UP  1
+JUL7  1452 UP  1
+AUG7  1454 UP  4
+SEP7 UNTRD
+OCT7  1453 UP  2
+OIL
+MAY7  1552 UP  9
+JUL7  1587 UP  9
+AUG7  1599 UP  4
+SEP7  1616 UP  5
+OCT7  1627 UP  2
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2963" NEWID="13980">
+<DATE> 7-APR-1987 10:54:08.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1110&#31;reute
+b f BC-LME-METAL-PM-1ST-RING   04-07 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME METAL PM 1ST RING VOLUMES/PAIDS - APR 7</TITLE>
+<DATELINE>    COPPER GRADE A - </DATELINE><BODY>3250 tonnes mainly carries cash nil
+3months 880.00 79.00  STANDARD - Nil
+    LEAD - 350 tonnes mainly carries cash nil 3months 302.00
+    ZINC HIGH GRADE - 1750 tonnes mainly carries cash nil
+3months 456.00 57.00 58.00 56.00
+    SILVER LARGE and SMALL - Nil
+    ALUMINIUM - 3200 tonnes mainly carries cash nil 3months
+806.50 06.00
+    NICKEL - 216 tonnes mainly carries cash nil 3months 2355
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2964" NEWID="13981">
+<DATE> 7-APR-1987 10:54:54.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1112&#31;reute
+r f BC-MILAN-DOLLAR/LIRA-AFT   04-07 0065</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MILAN DOLLAR/LIRA AFTERNOON - APR 7
+    SPOT 1,300.00/1,301.00 QUOTATIONS FOR DEALS WITH RESIDENTS
+ONE MONTH     2.70/3.20 TWO MONTHS    5.60/6.10 THREE MONTHS 
+8.25/9.25 SIX MONTHS    16.50/18.50 12 MONTHS     38.00/42.00
+    WITH NON-RESIDENTS ONE MONTH     3.30/3.70 TWO MONTHS   
+6.40/6.90 THREE MONTHS  9.50/10.25 SIX MONTHS    19.25/20.25 12
+MONTHS     41.50/44.50
+    (ALL DISCOUNTS)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2965" NEWID="13982">
+<DATE> 7-APR-1987 10:55:41.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f1114&#31;reute
+u f BC-REUTER-MONEY-NEWS-HIG   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER MONEY NEWS HIGHLIGHTS 1445 GMT APRIL 7</TITLE>
+<DATELINE>    WASHINGTON - </DATELINE><BODY>Federal Reserve Board Chairman Paul Volcker
+said a further large drop in the value of the dollar could be
+counterproductive for world economic growth. Testifying before
+the Senate Banking Committee, Volcker said that Europe and
+Japan were slowing exports and that growth in those countries
+was also decreasing. (NRFD 1428)
+    NEW YORK - The dollar held onto its gains which were made
+with the help of remarks by Fed Chairman Paul Vocker.  His
+comment that a further, sizeable decline could be
+counter-productive helped the U.S. Currency recover to the
+unchanged level of 1.8265/73 marks. (NYFC 1433)
+    WASHINGTON - U.S. Treasury Secretary James Baker holds
+talks with counterparts from Europe and Japan to urge them to
+carry out commitments in a recent accord to speed their
+economic growth. (NREC 1302)
+    WASHINGTON - Federal Reserve Board Chairman Paul Volcker
+said that debtor nations have made much progress in laying the
+groundwork for economic growth, but a solution to world debt
+difficulties was endangered by inaction on new financing. (NRFM
+1439)
+    LONDON - Gold bullion eased to an afternoon fix of 418.50
+dlrs, 258.653 stg, an ounce in sympathy with lower values on
+Comex, dealers said. The market remained fairly quiet, however,
+and was still being overshadowed by silver. (GDLS 1457)
+    WASHINGTON - Shifts in domestic economic policy, not a
+further fall in the dollar or trade restrictions, are the key
+to reducing imbalances in trade and payments, Dutch Finance
+Minister H.Onno Ruding said. (NRFA 1417)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2966" NEWID="13983">
+<DATE> 7-APR-1987 10:56:34.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1115&#31;reute
+u f BC-NY-COTTON-10-55   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COTTON 10:55
+  MAY7 5620   UP   40
+  JUL7 5520   UP   30
+  OCT7 5515   UP   10
+  DEC7 5520   UP   45
+  MAR8 5600   UP   35
+  MAY8 UNTRD
+  JUL8 UNTRD
+  OCT8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2967" NEWID="13984">
+<DATE> 7-APR-1987 10:58:00.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1116&#31;reute
+u f BC-live-ctl-report   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIVE CATTLE FUTURES SET NEW HIGHS, THEN SLIP</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Live cattle futures ran up for gains of
+0.40 to 0.07 cent and again posted new season's highs in all
+months before slipping to trade 0.10 cent higher to 0.12 lower
+in latest dealings.
+    Futures ran up to new highs at the start on general
+carryover demand prompted by strong fundamentals. Higher live
+calls, tight market ready supplies and private reports of
+strength in cash beef stimulated demand. Strong stoppers of
+deliveries added to strength in April, traders said.
+    Professional and commission house profit-taking weighed on
+prices in latest trade, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2968" NEWID="13985">
+<DATE> 7-APR-1987 10:58:03.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1117&#31;reute
+u f BC-SIOUX-FALLS-HOGS-OPEN   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX FALLS HOGS OPEN UP 1.50 DLR - PRIVATE</TITLE>
+<DATELINE>    Sioux Falls, April 7 - </DATELINE><BODY>Hog prices opened 1.50 dlr higher,
+private sources said. Top 52.00 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2969" NEWID="13986">
+<DATE> 7-APR-1987 10:58:37.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1118&#31;reute
+u f BC-KANSAS-CITY-HOGS-OPEN   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY HOGS OPEN UP 1.50 DLR - PRIVATE</TITLE>
+<DATELINE>    Kansas City, April 7 - </DATELINE><BODY>Hog prices opened 1.50 dlr higher,
+private sources said. Top 51.50 dlrs per cwt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2970" NEWID="13987">
+<DATE> 7-APR-1987 10:58:58.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M F
+&#22;&#22;&#1;f1119&#31;reute
+b f BC-LONDON-GOLD-FIXED-AT   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GOLD FIXED AT 418.50 DLRS THIS AFTERNOON</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Gold bullion eased to an afternoon fix of
+418.50 dlrs, 258.653 stg, an ounce in sympathy with lower
+values on Comex, dealers said.
+    The market remained fairly quiet, however, and was still
+being overshadowed by silver.
+ After opening slightly lower at 421.90/422.40, compared with
+last night's close of 422.50/423, the market eased to a morning
+fix of 419.80 as dealers traded on the gold/silver ratio,
+selling gold and buying silver.
+    Platinum was fixed this afternoon at 566.35 dlrs, slightly
+above the morning setting of 565.75.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2971" NEWID="13988">
+<DATE> 7-APR-1987 10:59:11.06</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1120&#31;reute
+b f BC-VOLCKER-SEES-DOLLAR-A   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER SEES DOLLAR AS FACTOR IN MONETARY POLICY</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said the performance of the dollar in exchange markets
+could be a factor in the U.S. central bank's decisions on
+monetary policy.
+    "The performance of the dollar in the exchange market might
+become a factor bearing on our provision of reserves," Volcker
+said in testimony to the Senate Banking Committee.
+    He said that fiscal policy changes in the United States,
+Germany and Japan would be more important that intervention to
+instill confidence in current exchange rate levels.
+                      
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2972" NEWID="13989">
+<DATE> 7-APR-1987 10:59:17.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1121&#31;reute
+u f BC-SIOUX-FALLS-CATTLE-OP   04-07 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX FALLS CATTLE OPEN UP 0.25-0.50 DLR-PRIVATE</TITLE>
+<DATELINE>    Sioux Falls, April 7 - </DATELINE><BODY>Cattle prices gained 0.25 to 0.50
+dlr at the opening, private sources said. STeer top 67.00 and
+Heifers 66.50 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2973" NEWID="13990">
+<DATE> 7-APR-1987 10:59:27.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1122&#31;reute
+u f BC-cbt-corn-opg-report   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT CORN FUTURES TRADE QUIETLY MIXED EARLY</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT corn futures traded firmer early,
+holding gains of 1-1/4 cents to 3/4 cent per bushel in
+moderately light early trade.
+    Yesterday's sharp jump in the weekly corn export figure to
+about three times last year's weekly inspections, plus the
+outlook for a continued active export pace due to the decline
+in the U.S. dollar this year, supported nearbys, traders said.
+    Cargill, the Illinois Co-op, Refco and ADM were the
+featured buyers of old crop May, with CIS a buyer in new crop
+December, pit brokers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2974" NEWID="13991">
+<DATE> 7-APR-1987 10:59:32.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1123&#31;reute
+r f BC-KCBOT-VLA-STOCK-INDEX   04-07 0045</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+KCBOT VLA STOCK INDEX VOLUME AND OPEN INTEREST
+ In contracts for April 6
+ Month     Volume     Open       Change
+ Jun        2343      6368      Up  226
+ Sep          51       394      Up   24
+ Dec           2        75            0
+ Ttl        2396      6837      Up  250
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2975" NEWID="13992">
+<DATE> 7-APR-1987 10:59:58.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1125&#31;reute
+r f BC-USSR-EXCHANGE-RATES--   04-07 0146</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+USSR EXCHANGE RATES - SOVIET STATE BANK EFFECTIVE APRIL 1, 1987
+ROUBLES PER HUNDRED UNLESS STATED U.S.                  63.60  
+ (64.07) STG                  102.56   (103.41) BFR (1,000)    
+      17.01    (16.99) DMK                   35.43    (35.24)
+DFL                   31.20    (31.18) LIT (10,000)          
+4.94     (4.96) CAN                   48.79    (49.04) DKR     
+              9.32     (9.35) NKR                    9.34    
+(9.30) FFR                   10.59    (10.57) SKR              
+    10.06    (10.07) SFR                   42.33    (42.05) YEN
+(1,000)            4.34     (4.25) AUS SCH                5.01 
+   (UNCH) AUS DLR               44.77    (43.89) PAK RUP       
+        3.74     (UNCH) IND RUP                5.10     (UNCH)
+IRN RYL                0.88     (UNCH) LIB DIN (ONE)         
+2.09     (UNCH) MRC DRHM               7.78     (UNCH)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2976" NEWID="13993">
+<DATE> 7-APR-1987 11:00:07.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f1126&#31;reute
+u f BC-EQUITIES-DRIFT-LOWER   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITIES DRIFT LOWER ON EASIER WALL STREET OPENING</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Equities drifted lower after the easier
+opening on Wall Street, but the London market was depressed
+from the outset on lack of interest and a feeling that
+yesterday's gains were overdone, dealers said.
+    Much of today's business was inter-professional, but
+dealers noted that despite today's falls and low volume the
+market still had a firm, although cautious, undertone. At 1430
+GMT the FTSE 100 index was down 8.1 points at 1,981.5 compared
+with an opening 1,987.4.
+    Concern over the possibility of a trade war with Japan,
+although less pronounced, provided further caution.
+    Yesterday, the Japanese finance ministry made moves to try
+and dispel fears of a trade war by saying it will help to
+expand the Tokyo Stock Exchange membership to facilitate
+foreign membership.
+    However, British corporate affairs minister Michael Howard
+has told Japan to resolve the row over Cable and Wireless'
+shareholding in a new Japanese telecommunications company or
+face an abrupt deterioration in trade relations.
+    Cable and Wireless, which has been at the centre of the
+trade row, was up 2p at 372.
+    The latest media opinion polls helped to underpin prices as
+they strengthened the belief that the ruling Tory party will
+win the next U.K. General election. Although there is still
+uncertainty over the timing of the election, most dealers
+polled by Reuters this afternoon thought that June would be the
+most likely time.
+    A poll conducted for the breakfast television programme
+TV-AM showed the Conservatives 13 points ahead of the
+Opposition Labour Party, while a poll in the Times newspaper,
+which measured party support in 73 key marginal seats, gave the
+Tories a lead of six points over the labour opposition.
+    Market leader ICI stood unchanged at 1,335 but IC Gas
+slipped 14p to 752 on profit-taking after yesterday's stong
+gain while Jaguar rose 15p to 590 mainly on U.S demand ahead of
+a motor show in New York.
+    Pharmaceuticals had Wellcome down 23p to 397 on further
+profit-taking in the wake of adverse press comment on the side
+effects of its "Retrovir" aids drug. London International Group
+gained 13p to 301 as operators switched out of Wellcome.
+    Extel lost a net 26p to 464 in the wake of yesterday's news
+that Robert Maxwell's British Printing and Communications Corp
+would not be making a bid for the company.
+    In a generally easier oil sector, BP fell 18p to 912 after
+yesterday's statement by Standard Oil that it considered BP's
+70 dlrs per share tender offer for the 45 pct of the company it
+does not already own as "inadequate."
+    In banks, Standard Chartered lost 4p to 820 after its
+recent gains on the back of bid rumours, but dealers noted
+press speculation that Australian businessman Robert Holmes
+A'Court had increased his stake in the company yesterday.
+    Many operators expect Lloyds bank to renew its offer for
+Standard once its one year bid limit ends in July, although
+some dealers thought this unlikely. Lloyds gained 1p to 488.
+    Elsewhere, industrial group Norcros gained 9p to 448 on
+speculation of a bid for the company, while food retailer Tesco
+added 2p to 475 after extending its 151 mln stg contested bid
+for Hillards Plc until May 1. Hillards was a penny up at 314.
+    Government bonds stood generally lower in late trading with
+prices drifting down on a lack of interest. Gilts gained around
+5/16 point at the outset on the back of the opinion polls.
+    Equities tended to move up in later quiet trading as Wall
+Street rallied from its early lows. At 1556 GMT the FTSE 100
+was down just 4.7 points at 1,984.9 after a low of 1,977.2 at
+1354 GMT.
+    Dealers said most in the market appear to expect share
+prices to move higher tomorrow, but volume will remain
+relatively light ahead of an announcement of the election date.
+    They said given the thin trading conditions the market's
+movements will be volatile in the coming few sessions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2977" NEWID="13994">
+<DATE> 7-APR-1987 11:00:38.94</DATE>
+<TOPICS><D>money-supply</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1127&#31;reute
+b f BC-/-FED-EXPECTED-TO-SET   04-07 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO SET CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>The Federal Reserve is expected to
+intervene in the government securities market to supply
+temporary reserves indirectly via customer repurchase
+agreements, economists said.
+    They said the Fed is expected to execute anywhere from
+1.5-2.0 billion dlrs of customer repos to offset seasonal
+pressures on bank reserves.
+    Federal funds, which averaged 6.20 pct yesterday, opened at
+6-1/8 pct and remained there in early trading.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2978" NEWID="13995">
+<DATE> 7-APR-1987 11:00:48.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1128&#31;reute
+b f BC-LONDON-MONEY-MARKET-C   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON MONEY MARKET CLOSES LITTLE CHANGED</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Money market interest rates closed little
+changed after a quiet session as yesterday's talk of lower U.K.
+Base lending rates fizzled out, dealers said.
+    Further opinion polls showing the ruling Conservative Party
+well ahead had little effect on the market with operators
+looking for more definite news on the political front. Sterling
+continued quietly steady ahead of the Group of Seven talks in
+Washington this week.
+    One senior money broker commented, "What we want is an
+election date to put a stop to all the speculation. Once the
+market knows what's happening then we can move forward."
+    The next move in U.K. Base rates, which now stand at 10
+pct, is still expected to be down but uncertainty over the date
+of a general election is making for cautious trading, dealers
+said.
+    Yesterday, opinion polls showing the Government was set to
+retain a substantial working majority lifted sterling and
+fuelled speculation about lower U.K. Interest rates.
+    The British authorities are likely to remain cautious,
+however, as the G-7 finance ministers meeting is set to review
+their February Paris accord on currency stability. This could
+affect sterling which today was just one basis point lower in
+trade weighted terms to stand at 72.3.
+    Dealers noted that longer dated paper again dominated the
+day-to-day dealings between the discount houses and the Bank of
+England. As rates fell yesterday, no band four bills, which
+have a maturity of between two and three months were
+transacted. Today, however, these again appeared but the
+majority of the Bank's assistance was provided in the one to
+two months range.
+    The key one and three months interbank rates were unchanged
+quoted at 10-1/16 9-15/16 and 9-7/8 3/4 pct respectively. Until
+fresh economic or political news emerges, dealers say they
+expect the market to continue around these levels with only
+technical factors provoking small fluctuations in rates.
+    The Bank of England forecast a 900 mln stg shortage in the
+system today but provided only 713 mln stg assistance. Despite
+this, overnight interbank traded in the 11 to 10 pct range
+having started the day at around 10-1/4 10 pct.
+    Period interbank rates were little changed with six months
+quoted at 9-3/4 5/8 and one year at 9-5/8 1/2 pct.
+    Sterling CDs were also mostly steady with six and nine
+months ending the day at 9-9/16 7/16 pct and 9-1/2 3/8 pct
+respectively. Eligible bank bill rates showed no change from
+late yesterday with one month at 9-13/16 25/32 pct and three
+months at 9-17/32 15/32 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2979" NEWID="13996">
+<DATE> 7-APR-1987 11:01:35.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1131&#31;reute
+u f BC-NY-COMEX-SILVER-11-00   04-07 0033</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX SILVER 11:00
+
+ APR7  6670 UP  122
+ MAY7  6710 UP  130
+ JUN7  6770 UP  153
+ JUL7  6785 UP  131
+ SEP7  6875 UP  145
+ DEC7  6950 UP  112
+ JAN8  7000 UP  124
+ MAR8  7130 UP  184
+ MAY8  7250 UP  225
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2980" NEWID="13997">
+<DATE> 7-APR-1987 11:02:02.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1133&#31;reute
+u f BC-NY-COMEX-COPPER-1100   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX COPPER 1100
+
+ APR7 UNTRD
+ MAY7  6270 UP  5
+ JUN7 UNTRD
+ JUL7  6250 UP  15
+ SEP7  6270 UP  20
+ DEC7  6285 UP  10
+ JAN8 UNTRD
+ MAR8  6340 UP  15
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+ DEC8 UNTRD
+ JAN9 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2981" NEWID="13998">
+<DATE> 7-APR-1987 11:02:07.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1134&#31;reute
+b f BC-LME-SILVER-AFT-1ST-RI   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME SILVER AFT 1ST RING 1600 - APR 7
+                 LAST    BUYER   SELLER
+ Large Cash        --       --       --
+ 3 Months          --       --       --
+ Small Cash        --       --       --
+ 3 Months          --       --       --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2982" NEWID="13999">
+<DATE> 7-APR-1987 11:02:10.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f1135&#31;reute
+u f BC-NY-COCOA-11-00   04-07 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COCOA 11:00
+
+ MAY7  1918 OFF 16
+ JUL7  1950 OFF 17
+ SEP7  1975 OFF 14
+ DEC7  2013 OFF 2
+ MAR8 UNTRD
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2983" NEWID="14000">
+<DATE> 7-APR-1987 11:02:22.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1136&#31;reute
+u f BC-ATLANTIC-RAISES-HEAVY   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC RAISES HEAVY FUELS PRICES</TITLE>
+<DATELINE>    New York, April 7 - </DATELINE><BODY>Atlantic Fuels Marketing Corp said
+today it raised the posted cargo prices for number six high
+sulphur fuels in the New York Habor 50 cts a barrel, effective
+today.
+    The increase brings prices for two pct sulphur fuel to
+19.75 dlrs, 2.2 pct sulphur to 19.25 dlrs, 2.5 pct sulphur to
+19.00 dlrs and 2.8 pct sulphur to 18.85 dlrs, it said.
+    Posted prices for 0.3 pct sulphur and one pct sulphur were
+unchanged at 22.00 and 20.00 dlrs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-014.sgm b/textClassication/reuters21578/reut2-014.sgm
new file mode 100644
index 0000000..84191d9
--- /dev/null
+++ b/textClassication/reuters21578/reut2-014.sgm
@@ -0,0 +1,31280 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2984" NEWID="14001">
+<DATE> 7-APR-1987 11:02:35.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1137&#31;reute
+b f BC-JOHANNESBURG-GOLD-SHA   04-07 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHANNESBURG GOLD SHARES CLOSE MIXED TO FIRMER</TITLE>
+<DATELINE>    JOHANNESBURG, April 7 - </DATELINE><BODY>Gold share prices closed mixed to
+slightly firmer in quiet and cautious trading, showing little
+reaction to a retreat in the bullion price back to below 420
+dlrs and a firmer financial rand, dealers said.
+    Heavyweight Vaal Reefs ended eight rand higher at 398 rand
+but Grootvlei eased 40 cents at 16.60 rand, while mining
+financials had Gold Fields up a rand at 63 rand despite weaker
+quarterly results. Other minings were firm but platinums eased.
+    Industrials also closed mixed to firmer, the index once
+again hitting a new high of 1757 from Friday's 1753 finish. The
+overall index also hit a new high of 2188 versus 2179 on
+Friday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2985" NEWID="14002">
+<DATE> 7-APR-1987 11:02:40.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1138&#31;reute
+u f BC-NY-SUGAR-11-1100   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY SUGAR 11 1100
+
+ MAY7  662 OFF 17
+ JUL7  678 OFF 15
+ SEP7  696 OFF 12
+ OCT7  699 OFF 14
+ JAN8 UNTRD
+ MAR8  739 OFF 16
+ MAY8 UNTRD
+ JUL8  780 OFF 3
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2986" NEWID="14003">
+<DATE> 7-APR-1987 11:03:03.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f1140&#31;reute
+u f BC-NY-COFFEE-11-00   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COFFEE 11:00
+
+ MAY7  10200 OFF 4
+ JUL7  10390 OFF 10
+ SEP7  10580 OFF 25
+ DEC7  10900 UNCH
+ MAR8  11100 UP  50
+ MAY8  11300 UP  50
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2987" NEWID="14004">
+<DATE> 7-APR-1987 11:03:30.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f1143&#31;reute
+u f BC-peoria-actual-rcpts   04-07 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PEORIA ACTUAL LIVESTOCK RECEIPTS - USDA
+            CATTLE  HOGS
+ For April 8 
+  WEEK AGO  200     2,000 
+  YEAR AGO  100     2,400 
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2988" NEWID="14005">
+<DATE> 7-APR-1987 11:04:03.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1145&#31;reute
+u f BC-feeder-cattle-report   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEEDER CATTLE FUTURES SET NEW HIGHS, TURN MIXED</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Feeder Cattle futures advanced 0.20 to
+0.30 cent at the start and posted new season's highs in April
+through August and October before slipping to trade 0.10 cent
+lower to 0.20 higher in latest trade.
+    Futures ran up to new highs at the start on general demand
+prompted by continued strong cattle fundamentals. Posting of
+another 10 cent gain in the latest reported average feeder
+steer price added to support, traders said.
+    However, prices retreated on profit-taking following the
+lead of other meat pits. Stotler notably sold April on the
+decline, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2989" NEWID="14006">
+<DATE> 7-APR-1987 11:04:12.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1146&#31;reute
+u f BC-AMEX-CONSOLIDATED-110   04-07 0050</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AMEX-CONSOLIDATED 1100 ACTIVES
+
+  364,200 WESTERN DIG        25 7/8 UP   1 1/4
+  230,200 WANG LAB B         15 1/2 UP     1/8
+  223,800 WICKES COS          4 1/8 OFF    1/8
+  190,600 ALZA CP            37 1/2 UP   1 7/8
+  187,900 TEXAS AIR          41 1/2 OFF  1
+
+      ADVANCES    247   DECLINES    152
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2990" NEWID="14007">
+<DATE> 7-APR-1987 11:04:23.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1147&#31;reute
+b f BC-LME-LEAD-AFT-2ND-RING   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME LEAD AFT 2ND RING 1602 - APR 7
+                 LAST    BUYER   SELLER
+ Cash           308.0       --       --
+ 3 Months       301.5    301.0    302.0
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2991" NEWID="14008">
+<DATE> 7-APR-1987 11:04:29.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1148&#31;reute
+u f BC-cbt-corn-spreads   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT CORN SPREADS</TITLE>
+<DATELINE> APRIL 7  - </DATELINE><BODY>1000 hrs cdt
+ MONTHS   LAST         DIFFERENCE
+ Jul/May  3-1/4   over 3-1/2   over
+ Dec/Jul  12-3/4  over 13      over
+ Jul/Sep  4-3/4  under 5      under
+ Sep/May  no quote     8-1/4   over
+ Sep/Dec  no quote     8-1/4  under
+ Dec/Mar8 no quote     no quote    
+ May/Dec  16     under 16-1/2 under
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2992" NEWID="14009">
+<DATE> 7-APR-1987 11:04:47.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1150&#31;reute
+u f BC-NYSE-CONSOLIDATED-110   04-07 0090</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE-CONSOLIDATED 1100 ACTIVES
+
+4,969,500 GCA CP               7/32 OFF   1/32
+2,163,900 BELLSOUTH          39 3/8 OFF    1/8
+2,058,500 TEXACO             34 1/8 UP     1/2
+1,152,200 OKLAHO G&amp;E         32 1/2 OFF    3/4
+  939,700 UNITED AIR         65     OFF    3/4
+  929,900 USX CORP           29 5/8 UP     3/8
+  918,100 GEN MOTORS         83 5/8 UP   2 1/8
+  917,500 FORD MOTOR         91 1/4 UP   1 1/8
+  755,700 DELMARVA           30 1/4 OFF    1/8
+  732,200 CAESARS            31 1/4 UP     5/8
+
+      ADVANCES    636   DECLINES    525
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2993" NEWID="14010">
+<DATE> 7-APR-1987 11:05:05.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1151&#31;reute
+u f BC-TEXAS-PANHANDLE/W-OKL   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS PANHANDLE/W OKLA FEEDLOT ROUNDUP - USDA</TITLE>
+<DATELINE>    Amarillo, April 7 - </DATELINE><BODY>Cattle in the panhandle area monday
+were 0.50 to 1.50 dlr higher. Trading was very active.
+    Feedlots reported very good interest and inquiry from
+buying sources. Confirmed sales of 22,700 steers and heifers
+8,100 head. There were 37,900 head sold for the week to date.
+    Steers - good and mostly choice 2-3, 70-85 pct choice,
+1025-1150 lb 69.00-70.00, late mostly 69.50-70.00.
+    Heifers - near 350 head mostly choice 2-3 1000 lb 68.25.
+Good and mostly choice 2-3 950-100 lb 66.50-68.00, late mostly
+67.00-68.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2994" NEWID="14011">
+<DATE> 7-APR-1987 11:05:17.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f1152&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 11:00   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7 274 1/2            UP    1/2
+ JUL7 263 1/2            UP    1/2
+ SEP7 265 1/2            UP    1/4
+ DEC7 270 1/2            OFF   1/4
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7 284 3/4            UP  1 1/4
+ JUL7 280 1/4            OFF   1/2
+ SEP7     277            UP      1
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2995" NEWID="14012">
+<DATE> 7-APR-1987 11:05:28.64</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1153&#31;reute
+b f BC-VOLCKER-PUSHES-SPENDI   04-07 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER PUSHES SPENDING CUTS OVER TRADE BILL</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said reducing the federal budget deficit was a more
+important goal for Congress than drafting trade legislation.
+    "Reduce the budget deficit," Volcker responded when asked by
+a member of the Senate Banking Committee about trade
+legislation priorities.
+    "If you don't deal with the budget deficit, everything else
+you do is going to be counterproductive," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2996" NEWID="14013">
+<DATE> 7-APR-1987 11:05:35.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1154&#31;reute
+u f BC-cbt-metals-registns   04-07 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT METALS REGISTRATIONS - APRIL 7
+ AS OF 0945 CDT
+ SILVER 1,000 OZ  13,943 UNC
+        5,000 OZ     203 UNC
+ GOLD   100 OZ        42 UNC
+        3-KG          42 UNC
+        1-KG         658 UNC
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2997" NEWID="14014">
+<DATE> 7-APR-1987 11:05:44.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1155&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 11:01   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7 274 1/2            UP    1/2
+ JUL7 263 1/2            UP    1/2
+ SEP7 265 1/2            UP    1/4
+ DEC7 270 1/2            OFF   1/4
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7 284 3/4            UP  1 1/4
+ JUL7 280 1/4            OFF   1/2
+ SEP7     277            UP      1
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2998" NEWID="14015">
+<DATE> 7-APR-1987 11:05:53.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1156&#31;reute
+u f BC-cbt-soybean-spreads   04-07 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYBEAN SPREADS</TITLE>
+<DATELINE> APRIL 7  - </DATELINE><BODY>1000 hrs cdt
+ MONTHS   LAST          DIFFERENCE
+ May/Jul  1      under  1      under
+ Jul/Aug  even          even        
+ Sep/Nov  1-1/2  under  2-1/2  under
+ May/Nov  2-1/2   over  2-1/4   over
+ Jul/Nov  3-1/2   over  3-1/2   over
+ Nov/Jan  6-3/4  under  6-3/4  under
+ Aug/Sep  no quote      5       over
+ Mar/May8 no quote      no quote    
+ Jan/Mar8 no quote      no quote    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="2999" NEWID="14016">
+<DATE> 7-APR-1987 11:06:07.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1157&#31;reute
+u f BC-CBT-11-01-EDT   04-07 0105</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 11:01 EDT
+WHEAT
+MAY7  288 UP  1 3/4
+JUL7  273 UP   1/4
+SEP7  273 1/2 UP   1/2
+DEC7  279 UP  1
+MAR8  278 1/4 UP  1
+CORN
+MAY7  159 3/4 UP  1 1/2
+JUL7  163 UP  1 1/4
+SEP7  167 1/2 UP  1 1/4
+DEC7  176 UP  1 1/4
+MAR8  183 UP  1 1/4
+OATS
+MAY7  150 UNCH
+JUL7  138 OFF  1/2
+SEP7  128 1/4 UNCH
+DEC7  134 1/2 UP   1/2
+MAR8 UNTRD
+BEANS
+MAY7  501 1/4 UP  1 1/2
+JUL7  502 1/4 UP  2
+AUG7  502 1/2 UP  3
+SEP7  497 UP  3
+NOV7  498 3/4 UP  2 3/4
+JAN8  505 1/4 UP  2 3/4
+MEAL
+MAY7  1456 UP  3
+JUL7  1457 UP  6
+AUG7  1455 UP  5
+SEP7 UNTRD
+OCT7  1455 UP  4
+OIL
+MAY7  1554 UP  11
+JUL7  1589 UP  11
+AUG7  1605 UP  10
+SEP7  1620 UP  9
+OCT7  1635 UP  10
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3000" NEWID="14017">
+<DATE> 7-APR-1987 11:06:13.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1158&#31;reute
+u f BC-cbt-registrations   04-07 0063</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT REGISTRATIONS - APRIL 7
+ AS OF 0945 CDT
+ SOYOIL            7,099 UNC
+ SILVER 1,000 OZ  13,943 UNC
+        5,000 OZ     203 UNC
+ GOLD 100 OZ 42 UNC  3-KG 42 UNC  1-KG 658 UNC
+ CERTIFICATES OUTSTANDING
+ SOYBEAN MEAL          0 UNC
+ CENTRAL               0
+ MID-SOUTH             0
+ MISSOURI              0
+ EASTERN IOWA          0
+ NORTHEAST             0
+ NORTHERN              0
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3001" NEWID="14018">
+<DATE> 7-APR-1987 11:06:16.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1159&#31;reute
+u f BC-SIOUX-FALLS-CATTLE-UP   04-07 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX FALLS CATTLE UP 0.50 DLR - USDA</TITLE>
+<DATELINE>    sioux falls, april 7 - </DATELINE><BODY>slaughter cattle rose 0.50 dlr in
+active trade, the usda said.
+    stees - choice 2-4 1100-1400 lbs 66.00-67.00.
+    heifers - load choice 3 near 1225 lbs 66.50. choice 2-4
+950-1125 lbs 64.00-66.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3002" NEWID="14019">
+<DATE> 7-APR-1987 11:06:31.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1161&#31;reute
+u f BC-CME-11-01--EDT   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME 11:01  EDT
+
+L-CATTLE
+APR7  69.57 UP  0.17
+JUN7  64.92 OFF 0.10
+AUG7  60.75 OFF 0.12
+F-CATTLE
+APR7  69.00 OFF 0.10
+MAY7  68.05 OFF 0.17
+AUG7  66.50 UP  0.10
+HOGS
+APR7  50.10 UP  0.28
+JUN7  48.75 UP  0.28
+JUL7  47.25 UP  0.38
+BELLIES
+MAY7  66.15 OFF 0.25
+JUL7  64.70 OFF 0.15
+AUG7  61.65 UP  0.05
+FEB8  56.00 UP  0.40
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3003" NEWID="14020">
+<DATE> 7-APR-1987 11:06:39.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1162&#31;reute
+u f BC-cbt-soyoil-report   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYBEAN OIL SPREADS</TITLE>
+<DATELINE> APRIL 7  - </DATELINE><BODY>1000 hrs cdt
+ MONTHS    LAST          DIFFERENCE
+ May/Jul   0.34 under    0.35 under
+ Jul/Aug   0.16 under    0.17 under
+ Jul/Dec   0.78 under    0.77 under
+ Aug/Sep   0.16 under    0.16 under
+ May/Aug   no quote      0.52 under
+ May/Dec   no quote      1.12 under
+ Dec/Jan   no quote      no quote  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3004" NEWID="14021">
+<DATE> 7-APR-1987 11:06:45.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1163&#31;reute
+u f BC-NY-COMEX-ALUMINUM-11-   04-07 0040</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX ALUMINUM 11:01
+        LAST CHANGE
+APR7    UNTRD
+MAY7    6150 UNCH
+JUN7    UNTRD
+JUL7    UNTRD
+SEP7    UNTRD
+DEC7    UNTRD
+JAN8    UNTRD
+FEB8    UNTRD
+MAR8    UNTRD
+MAY8    UNTRD
+JUL8    UNTRD
+SEP8    UNTRD
+DEC8    UNTRD
+JAN9    UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3005" NEWID="14022">
+<DATE> 7-APR-1987 11:06:50.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;LQ
+&#22;&#22;&#1;f1164&#31;reute
+u f BC-FLASH-SIOUX-FALLS-HOG   04-07 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLASH SIOUX FALLS HOGS UP 1.75 DLR - USDA</TITLE>
+<DATELINE>    sioux falls, april 7 - </DATELINE><BODY>barrows and gilts rose 1.75 dlr in
+active trade, the usda said. us 1-3 220-250 lbs 51.75-52.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3006" NEWID="14023">
+<DATE> 7-APR-1987 11:06:58.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f1165&#31;reute
+u f BC-NY-COMEX-GOLD-11-01   04-07 0036</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX GOLD 11:01
+ APR7  4199 UP  14
+ MAY7 UNTRD
+ JUN7  4237 UP  11
+ AUG7  4288 UP  15
+ OCT7  4327 UP  10
+ DEC7  4370 UP  9
+ FEB8  4415 UP  8
+ APR8 UNTRD
+ JUN8 UNTRD
+ AUG8 UNTRD
+ OCT8 UNTRD
+ DEC8 UNTRD
+ FEB9 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3007" NEWID="14024">
+<DATE> 7-APR-1987 11:07:09.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ
+&#22;&#22;&#1;f1167&#31;reute
+u f BC-NASDAQ-COMP-11-01   04-07 0007</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NASDAQ COMP 11:01
+COMP   437.49   OFF 0.29
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3008" NEWID="14025">
+<DATE> 7-APR-1987 11:07:18.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1168&#31;reute
+u f BC-cbt-soymeal-spreads   04-07 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYBEAN MEAL SPREADS</TITLE>
+<DATELINE> APRIL 7  - </DATELINE><BODY>1000 hrs cdt
+ MONTHS    LAST         DIFFERENCE
+ May/Jul   0.10  over   0.10  over
+ Jul/Aug   no quote     even      
+ Jul/Dec   no quote     1.40 under
+ Oct/Dec   no quote     1.40 under
+ Dec/Jan   no quote     0.60 under
+ Oct/Jan   no quote     2.00 under
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3009" NEWID="14026">
+<DATE> 7-APR-1987 11:07:22.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f1169&#31;reute
+b f BC-LONDON-DOLLAR-FLUCTUA   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DOLLAR FLUCTUATIONS 1600 - APRIL 7
+ STG 1.6177/82
+ DMK 1.8235/45
+ SFR 1.5120/30
+ DFL 2.0578/88
+ FFR 6.0650/0700
+ YEN 145.20/30
+ LIT 1299/1301
+ BFC 37.76/81
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3010" NEWID="14027">
+<DATE> 7-APR-1987 11:07:28.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1170&#31;reute
+r f BC-PRSFRENCH-GRAINS---AP   04-07 0069</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRSFRENCH GRAINS - APR 07
+ Prices in ff per 100 kilos. Cumulative monthly supplements of
+17.40 ff per ton to be added from august 1986 onwards.
+    Soft wheat- dlvd ROUEN APR 130.50 PAID,  MAY 130.25 PAID.
+LA PALLICE APR/MAY 129.50 BYR. DUNKIRK APR 129.50 PAID.
+    SOFT WHEAT - EX REGION EURE ET LOIR APR/OCT 126 PAID.
+CHALONS/MODANE APR/JUNE 122 BYR.
+    SOFT WHEAT - FOB REGION METZ APR/JUNE 127 BYR/127.50 SLR.
+    Feed barley - dlvd ROUEN APR/MAY 118.50 BYR/119 SLR.
+    FEED BARLEY - EX REGION EURE ET LOIR APR/MAY 114.50 SLR.
+CHALONS/MODANE APR/MAY 112.50 BYR.
+    FEED BARLEY - FOB REGION METZ APR/MAY 116 BYR.
+    CORN - DLVD BAYONNE APR/JUNE 132.50 BYR. BORDEAUX APR/JUNE
+134 BYR. TONNAY/CHARENTES APR/JUNE 131.75 BYR.
+   CORN - EX REGION EURE ET LOIR 126 TO 127 NOMINAL. MARNE
+APR/JUNE 127 NOMINAL.
+   CORN - FOB REGION METZ APR/JUNE 132.50 BYR. CREIL
+APR/MAY/JUNE 128 PAID,  JUL/AUG/SEP 129/129.50 PAID. REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3011" NEWID="14028">
+<DATE> 7-APR-1987 11:07:45.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1172&#31;reute
+d f BC-AMERICAN-SPORTS-ADVIS   04-07 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN SPORTS ADVISORS &lt;PIKS> TO LIQUIDATE</TITLE>
+<DATELINE>    CARFLE PLACE, N.Y., April 7 - </DATELINE><BODY>American sports Advisors Inc
+said it has agreed to sell its sports handicapping and
+publication business to Professor Enterprises for about
+1,650,000 dlrs and intends to liquidate after closing.
+    The transaction is subject to shareholder approval.
+    Professor is owned by American Sports president Edward C.
+Horowitz and Mike Warren, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3012" NEWID="14029">
+<DATE> 7-APR-1987 11:08:01.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1173&#31;reute
+u f BC-ny-coffee-opg-report   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. COFFEE FUTURES SLIGHTLY HIGHER, THIN EARLY</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>N.Y. coffee futures were marginally
+firmer midmorning, trading in ranges of no more than 0.50 cent.
+    May was up 0.16 cent at 102.20 cents at 1052 hrs EST, in a
+range of 102.00 to 102.50 cents. July was up 0.15 at 104.15
+cents in a 35-point range.
+    Traders said reports that the U.S. State Department does
+not forsee a meeting with Brazil prior to the next
+International Coffee Organization session in September did not
+affect the market as the news was expected.
+    Operators are watching the cash market for indications of
+roaster interest or producer selling.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3013" NEWID="14030">
+<DATE> 7-APR-1987 11:08:12.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1174&#31;reute
+u f AM-BRITAIN 1STLD  04-07 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THATCHER FIRM AS PRESSURE MOUNTS FOR ELECTIONS</TITLE>
+<AUTHOR>    By Colin McIntyre, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>As pressure mounted on British Prime
+Minister Margaret Thatcher to call a June election, she said
+today that the decision on when to go to the county was hers
+and hers alone.
+    She was speaking to parliament after senior members of the
+ruling Conservative Party urged her to call elections due in
+June 1988 a year early in the wake of two more opinion polls
+giving her party a commanding lead.
+    Asked by a Conservative back-bencher for an assurance that
+the decision was hers alone, and did not depend on "media hype,
+pressure and speculation," she replied: "The date of the next
+election will be decided by Downing Street, not Fleet Street."
+    Downing Street is the Prime Minister's official residence,
+Fleet Street the traditional home of the British national
+press.
+    A Harris poll for the breakfast-time program TV-AM gave the
+Tories 43 pct of the vote, representing a majority of 132 seats
+in parliament, their biggest lead since the party's landslide
+victory in the 1983 elections.
+    In The Times of London, a MORI poll gave the Tories a 92
+seat majority. It was the sixth poll to show the ruling party
+with a big lead over the opposition Labour Party and the
+fast-improving centrist Alliance.
+    Leading the chorus urging Thatcher to go to the polls in
+June, Sir Marcus Fox, vice-chairman of the influential 1922
+committee of Conservative back-benchers, said: "I have always
+felt that it would be June, and this reinforces my view.
+    "I always thought June was right. We have got most of our
+legislation through and to go beyond that I do not think would
+be in the national interest."
+    Another Tory back-bencher, Anthony Beaumont-Dark, said: "I
+have always been an October man, but I think it would be good
+to get it out of the way now."
+    Their comments came as government officials dismissed
+speculation about a snap election to coincide with local polls
+in May, timed to reap maximum advantage from the recent
+popularity surge, Thatcher's successful trip to Moscow and
+Labour's current popularity slump.
+    Calls for a May poll were also prompted by Tory concern
+over a steady advance by the Alliance, and the possibility that
+if it continues it could rob the Conservatives of an overall
+majority in parliament.
+    Today's MORI poll showed an Alliance gain of eight points
+over the past month in around 100 key marginal seats where the
+outcome of the next election is likely to be decided.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3014" NEWID="14031">
+<DATE> 7-APR-1987 11:08:21.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1175&#31;reute
+d f BC-PORTUGUESE-AIRLINE-CO   04-07 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGUESE AIRLINE CONFIRMS AIRBUS A310 ORDER</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Portugal's "flag carrier" airline TAP has
+confirmed an order for three Airbus Industrie &lt;AINP.PA>
+A310-300 passenger aircraft, British Aerospace Plc &lt;BAEL.L>
+(BAe), one of four shareholders in the international Airbus
+consortium, said.
+    BAe said in a statement TAP had also taken options on
+another two Airbus aircraft, either the existing A310-300
+medium range craft or the long-range four-engined A340 which
+Airbus hopes to launch in 1992, depending on the airline's
+needs.
+    BAe said the firm order confirmed a commitment taken by TAP
+in January. Details of the value of the contract, delivery
+dates or which engine would power the aircraft were not
+available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3015" NEWID="14032">
+<DATE> 7-APR-1987 11:08:49.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1177&#31;reute
+r f BC-LONDON-EC-BARLEY/WHEA   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON EC BARLEY/WHEAT CLOSING - APR 7
+      BARLEY               WHEAT
+  May 114.65           May 122.80
+  Sep  99.85           Jul 125.50
+  Nov 102.45           Sep 101.20
+  Jan 105.05           Nov 103.40
+  Mar 107.50           Jan 106.35
+  May 109.40           Mar 108.75
+                       May 111.40
+  ALL VALUES
+ SALES
+ BARLEY   24
+ WHEAT   197
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3016" NEWID="14033">
+<DATE> 7-APR-1987 11:09:35.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;LQ
+&#22;&#22;&#1;f1178&#31;reute
+b f BC-FLASH-ST-PAUL-HOGS-UP   04-07 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLASH ST PAUL HOGS UP 1.00/2.00 DLRS - USDA</TITLE>
+<DATELINE>    st paul, april 7 - </DATELINE><BODY>barrow and gilt prices rose 1.00 to 2.00
+dlrs in very active trade, the usda said. us 1-3 220-260 lbs
+51.50-52.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3017" NEWID="14034">
+<DATE> 7-APR-1987 11:09:39.16</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1179&#31;reute
+f f BC-******VOLCKER-SAYS-RE   04-07 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VOLCKER SAYS RESTRICTIVE MONETARY POLICY WOULD HURT INVESTMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3018" NEWID="14035">
+<DATE> 7-APR-1987 11:09:46.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1180&#31;reute
+b f BC-LME-ZINC-AFT-2ND-RING   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME ZINC AFT 2ND RING 1607 - APR 7
+                 LAST    BUYER   SELLER
+ Hg Cash           --       --       --
+ 3 Months          --    456.0    457.0
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3019" NEWID="14036">
+<DATE> 7-APR-1987 11:09:52.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1181&#31;reute
+u f BC-ny-metals-est-vols   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. METALS FUTURES ESTIMATED VOLUMES- APRIL 7
+ Time      10.00  11.00
+ Silver     8000  13000
+ Copper      900   1700
+ Gold       4500   8000
+ Aluminum      0      1
+ Palladium  ----    190
+ Platinum   ----   2226
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3020" NEWID="14037">
+<DATE> 7-APR-1987 11:10:01.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1182&#31;reute
+u f BC-ny-sugar-mids-report   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD SUGAR FUTURES TUMBLE IN EARLY TRADING</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>World sugar futures tumbled early when
+sell stops were triggered at 6.60 and 6.55 cents basis the spot
+contract, traders said.
+    Spot May dropped 0.27 cent to 6.52 cents a lb. It opened at
+6.72 cents.
+    Trade houses worked both sides of the market, analysts
+said.
+    The decline may have been a continued reaction to the
+market's inability yesterday to breach resistance around 6.93
+cents basis May, which unsettled traders, analysts said.
+    The market should draw support from buying tenders slated
+for tomorrow and Saturday, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3021" NEWID="14038">
+<DATE> 7-APR-1987 11:10:11.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f1183&#31;reute
+u f BC-GOLD-AND-SILVER-CLOSE   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLD AND SILVER CLOSE OFF HIGHS IN ZURICH</TITLE>
+<DATELINE>    ZURICH, April 7 - </DATELINE><BODY>Gold and silver closed off the day's
+highs on profit-taking, but silver, which continued to set the
+pace, remained well up on yesterday's close, dealers said.
+    Underlying speculative demand for silver remained strong
+but profit-taking eroded the gains, taking the metal off
+indicated highs at around 6.80 dlrs to close at 6.64/66 dlrs an
+ounce. Yesterday's close was 6.52/54 dlrs.
+    Some investors were noted selling gold and switching into
+silver. This combined with profit-taking to push gold down to a
+close of 418.50/419.00 dlrs from its opening 421.80/422.20 and
+yesterday's 421.50/422.00.
+    Dealers said it was unclear if the silver rally had peaked
+or if fresh gains could be achieved in New York.
+    "A lot depends on the Dow Jones index," one dealer commented.
+"Further gains in stock prices would take away a lot of the
+support for silver and gold."
+    Platinum ended 50 cents higher at 563/567 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3022" NEWID="14039">
+<DATE> 7-APR-1987 11:10:21.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1184&#31;reute
+d f BC-SWEDEN'S-ERICSSON-WIN   04-07 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN'S ERICSSON WINS U.S. ORDER</TITLE>
+<DATELINE>    STOCKHOLM, April 7 - </DATELINE><BODY>Sweden's Telefon AB L.M. Ericsson
+&lt;ERIC.ST> said it has won its third contract from U.S. West Co
+Inc &lt;WST> for digital exchange equipment to be supplied in the
+state of Idaho over the next five years.
+    No financial details were available. The company said the
+contract provided for the replacement of more than 50 older
+exchanges run by &lt;Mountain Bell>, one of U.S. West's three
+operating companies, with Ericsson's AXE system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3023" NEWID="14040">
+<DATE> 7-APR-1987 11:10:24.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;LQ CQ
+&#22;&#22;&#1;f1185&#31;reute
+b f BC-FLASH-OMAHA-HOGS-UP-1   04-07 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLASH OMAHA HOGS UP 1.00 DLR - USDA</TITLE>
+<DATELINE>    omaha, april 7 - </DATELINE><BODY>barrow and gilt prices rose 1.00 dlr in
+active trade, the usda said. us 1-3 220-260 lbs 51.00-51.50.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3024" NEWID="14041">
+<DATE> 7-APR-1987 11:10:27.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f1186&#31;reute
+u f BC-BANK-OF-ENGLAND-STERL   04-07 0016</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BANK OF ENGLAND STERLING INDEX - CLOSING APRIL 7
+ 72.3 AFTER NOON 72.3
+ (PREVIOUS CLOSE 72.4   )
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3025" NEWID="14042">
+<DATE> 7-APR-1987 11:11:03.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1188&#31;reute
+u f BC-cbt-wheat-opg-report   04-07 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT WHEAT FUTURES OPEN FIRMER, SET NEW HIGHS</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT wheat futures opened firmer to again
+set new contract highs in new crop, then back off those highs
+to hold gains of 1-1/4 cents per bushel in May, with new crop
+July unchanged in light early dealings.
+    Steady speculative buying after yesterday's strong close
+kept the chart picture very bullish and supported initial
+values, traders said.
+    Rumors that exporters are planning to ship SRW wheat out of
+Toledo and/or Chicago, further tightening already low
+deliverable stocks, kept May firm relative to new crop months,
+they added.
+    However, the rally failed to follow-through due to the lack
+of confirmed export sales of significant quantities of U.S.
+wheat so far this week, as some traders expected.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3026" NEWID="14043">
+<DATE> 7-APR-1987 11:11:10.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1189&#31;reute
+u f BC-DOLLAR-CLOSES-LITTLE   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR CLOSES LITTLE CHANGED IN FRANKFURT</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>The dollar closed virtually unchanged
+from yesterday's finish, but near the day's high after another
+extremely quiet session.
+    With the G-5 meeting in Washington ahead of this week's IMF
+interim committee, traders remained reluctant to open any large
+positions. Towards the end of the day the dollar firmed after
+failing earlier to hold beneath 1.82 marks. Some dealers said
+Senate testimony from Fed Chairman Paul Volcker also lent
+support.
+    The dollar closed at 1.8265/75 marks after opening at
+1.8200/15 and closing yesterday at 1.8260/70.
+    Volcker said that a further sizeable dollar decline could
+be counter-productive, and that exchange rate adjustments have
+been enough to narrow the U.S. Trade deficit.
+    Such remarks in the past might have moved the dollar
+sharply, today they only pushed it up 20 or 30 basis points
+when it was already firming for technical reasons.
+    The dollar in any case held in a narrow range today,
+trading early in the morning just below 1.82 marks and rising
+to a high of 1.8270.
+    Dealers said they were awaiting comments after the G-5
+meeting from U.S. Treasury Secretary James Baker.
+    Looking slightly further ahead, the market is awaiting U.S.
+February trade data, due on April 14.
+    Another set of disappointing figures could push the dollar
+below its recent 1.80-85 mark range if there have been no
+supportive statements from G-5 officials in Washington in the
+meantime, dealers said.
+    Sterling closed slightly easier at 2.950/954 marks, after
+opening at 2.951/955 and closing yesterday at 2.954/958.
+    The pound has been buoyed by expectations the ruling
+Conservatives will win the next U.K. Election.
+    But dealers said sterling now looks high against the mark
+and room for further gains must be limited.
+    Many dealers believe sterling will enter the EMS joint
+float after a U.K. Election. In this case, its ceiling could
+well be at or near 2.95 marks, dealers said.
+    The yen closed at 1.2550/70 marks per 100 after closing
+yesterday at 1.2490/2510, and the Swiss franc firmed to
+120.55/70 marks per 100 from 120.10/50.
+    The French franc ended unchanged at 30.04/07 marks per 100.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3027" NEWID="14044">
+<DATE> 7-APR-1987 11:11:20.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;YQ
+&#22;&#22;&#1;f1190&#31;reute
+u f BC-U.S.-POSTED-PRICES-RE   04-07 0104</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. POSTED PRICES REPORT (DLRS/BBL)
+ COMPANY....EFFECTIVE DATE..W.T.I.....W.T.S...LT LOUISIANA
+ AMOCO.......2/23/87........17.50.....16.60....17.85
+ ARCO........4/06/87........18.00.....17.10....18.35
+ CHAMPLIN....1/12/87........17.50.....17.00....17.85
+ CHEVRON.....2/04/87... ....17.50.....17.50....17.85
+ CITGO.......3/12/87........17.50.....17.50....17.85
+ COASTAL.....3/12/87........17.50.....16.60.........
+ CONOCO......3/09/87........17.50.....16.60....17.85
+ DIAMOND.SH..3/12/87........17.50...................
+ EXXON.......3/12/87........17.50.....16.60....17.85
+ MARATHON....3/12/87........17.50.....17.50....17.85
+ COMPANY....EFFECTIVE DATE..W.T.I.....W.T.S....LT LOUISIANA
+ MOBIL......2/10/87.........17.50.....17.50....17.85
+ MURPHY.....3/12/87.........17.50.....17.50....17.85
+ PERMIAN....3/12/87.........17.50.....17.50....17.85
+ PHILLIPS...3/12/87.........17.50.....17.50.........
+ SHELL......1/20/87.........18.11.....17.23....17.89
+ SUN........3/12/87.........17.50.....17.50....17.85
+ TEXACO*....4/01/87............................17.85
+ UNION......3/12/87.........17.50.....17.50....17.85
+  * Deleted West Texas-New Mexico postings.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3028" NEWID="14045">
+<DATE> 7-APR-1987 11:12:10.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1193&#31;reute
+u f BC-live-hog-report   04-07 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIVE HOG FUTURES HIGHER EARLY</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Live Hog futures ran up for gains of
+0.57 to 0.07 cent in eary trade paced by April and June.
+    Fairly active demand reflected strength in cash hogs and
+the continued discount of futures to cash. The start of
+fieldwork limited farmer movement of hogs to market and
+prompted packers to bid up for hogs. Mostly steady to firm cash
+pork products added to support, traders said.
+    However, prices slipped from the highs in latest trade as
+commercial profit-taking developed. Some selling was also
+attributed to expectations that cash ham prices will be falling
+soon on a seasonal basis, they said.
+    Thomson and RBH bought while Packers Trading and Refco
+sold. Stotler spread long June/short April, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3029" NEWID="14046">
+<DATE> 7-APR-1987 11:12:32.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1194&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 11:10   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7 274 1/2            UP    1/2
+ JUL7 263 1/2            UP    1/2
+ SEP7 265 1/2            UP    1/4
+ DEC7 270 1/2            OFF   1/4
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7     285            UP  1 1/2
+ JUL7 280 3/4            UNCH
+ SEP7     277            UP      1
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3030" NEWID="14047">
+<DATE> 7-APR-1987 11:12:47.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1196&#31;reute
+u f BC-LONDON-LIFFE-YEN-CLOS   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON LIFFE YEN CLOSE 1610 - APR 7
+ MTH     LAST   HIGH     LOW   PR.SET
+ Jun     6918   6928    6918     6878
+ Sep     6964   6964    6962     6923
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3031" NEWID="14048">
+<DATE> 7-APR-1987 11:12:56.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1197&#31;reute
+u f BC-LONDON-LIFFE-EURODOLL   04-07 0064</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON LIFFE EURODOLLAR CLOSE 1610 - APR 7
+ MTH     LAST   HIGH     LOW   PR.SET
+ Jun     9333   9334    9330     9336
+ Sep     9326   9328    9325     9330
+ Dec     9318   9319    9317     9322
+ Mar     9304   9305    9300     9308
+ Jun     9284   9285    9283     9288
+ Sep     9262   9262    9260     9267
+ Dec     9240   9240    9238     9245
+ Mar     9219   9219    9218     9224
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3032" NEWID="14049">
+<DATE> 7-APR-1987 11:13:07.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1198&#31;reute
+u f BC-CBT-11-10-EDT   04-07 0108</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 11:10 EDT
+WHEAT
+MAY7  287 1/2 UP  1 1/4
+JUL7  273 UP   1/4
+SEP7  273 1/2 UP   1/2
+DEC7  279 1/4 UP  1 1/4
+MAR8  278 1/4 UP  1
+CORN
+MAY7  160 UP  1 3/4
+JUL7  163 1/2 UP  1 3/4
+SEP7  168 1/4 UP  2
+DEC7  176 3/4 UP  2
+MAR8  183 1/4 UP  1 1/2
+OATS
+MAY7  149 1/2 OFF  1/2
+JUL7  138 OFF  1/2
+SEP7  128 3/4 UP   1/2
+DEC7  134 UNCH
+MAR8 UNTRD
+BEANS
+MAY7  501 1/4 UP  1 1/2
+JUL7  502 1/4 UP  2
+AUG7  502 1/2 UP  3
+SEP7  497 1/2 UP  3 1/2
+NOV7  499 UP  3
+JAN8  505 1/2 UP  3
+MEAL
+MAY7  1455 UP  2
+JUL7  1455 UP  4
+AUG7  1455 UP  5
+SEP7  1458 UP  7
+OCT7  1457 UP  6
+OIL
+MAY7  1556 UP  13
+JUL7  1591 UP  13
+AUG7  1608 UP  13
+SEP7  1623 UP  12
+OCT7  1635 UP  10
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3033" NEWID="14050">
+<DATE> 7-APR-1987 11:13:21.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1200&#31;reute
+f f BC-******HONEYWELL-BULL   04-07 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HONEYWELL BULL INTRODUCES HIGH PERFORMANCE COMPUTERS FOR MEDIUM, LARGE FIRMS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3034" NEWID="14051">
+<DATE> 7-APR-1987 11:13:32.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1201&#31;reute
+u f BC-PORK-BELLY-FUTURES-ST   04-07 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORK BELLY FUTURES START HIGHER, THEN EASE</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Pork belly (bacon) futures ran up for
+gains of 0.55 to 0.30 cent at the start and then eased to trade
+0.15 cent lower to 0.15 higher in early dealings.
+    Active local carryover demand and mixed commission house
+buying lifted futures at the start. Higher cash hog markets on
+light runs and spillover from other meat pits prompted support,
+traders said.
+    However, locals turned sellers along with Saul Stone and
+Paine Webber and prices turned mostly lower. Trimming of gains
+in other pits and expectations of possibly negative out of town
+storage report this afternoon weighed on the market. Guesses on
+the report ranged from in 1.0 to 2.25 mln lbs with most
+indications on the high side, they noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3035" NEWID="14052">
+<DATE> 7-APR-1987 11:13:39.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1202&#31;reute
+u f BC-miss-direct-hogs   04-07 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MISSOURI DIRECT HOGS UP 1.00-1.50 DLR - USDA</TITLE>
+<DATELINE>    JEFFERSON CITY, April 7 - </DATELINE><BODY>Barrow and gilts in the east and
+west were 1.00 to 1.50 dlr higher than monday's midsession. Top
+50.50 dlrs per cwt.
+                    EAST          WEST
+U.S. 1-2 210-250 LB 49.50-50.50   49.50-50.50
+U.S. 1-3 210-250 LB 49.50-50.50   49.50-50.50
+U.S. 1-2 200-210 LB 48.50-49.50   48.50-49.50
+    SOWS - steady/up 2.00 dlrs. Top 46.00 dlrs.
+US 1-3 300-500 lb 42.00-43.00, over 500 lb 43.00-46.00 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3036" NEWID="14053">
+<DATE> 7-APR-1987 11:14:21.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1205&#31;reute
+u f BC-LOMDON-LIFFE-STERLING   04-07 0064</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LOMDON LIFFE STERLING-DP CLOSE 1612 - APR 7
+ MTH     LAST   HIGH     LOW   PR.SET
+ Jun     9071   9079    9070     9078
+ Sep     9096   9104    9096     9104
+ Dec     9051   9056    9051     9051
+ Mar     9089   9097    9089     9098
+ Jun     9076   9076    9076     9083
+ Sep     9055   9055    9055     9061
+ Dec     9055   9055    9055     9061
+ Mar     9027   9027    9027     9030
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3037" NEWID="14054">
+<DATE> 7-APR-1987 11:14:26.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1206&#31;reute
+u f BC-LONDON-LIFFE-STERLING   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON LIFFE STERLING CLOSE 1612 - APR 7
+ MTH     LAST   HIGH     LOW   PR.SET
+ Jun    16100  16100   16100    16085
+ Sep      ---    ---     ---    15985
+ Dec      ---    ---     ---    15885
+ Mar      ---    ---     ---    15784
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3038" NEWID="14055">
+<DATE> 7-APR-1987 11:14:36.23</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1207&#31;reute
+b f BC-VOLCKER-SEES-TIGHT-PO   04-07 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER SEES TIGHT POLICY HURTING INVESTMENT</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said a restrictive monetary policy would be damaging to
+investment and that a better course would be to restrain
+spending.
+    "A restrictive monetary policy would hit investment. You
+don't want to put interest rates up unless you have to," Volcker
+told the Senate Banking Committee.
+    "That is not a constructive way to proceed," he said.
+    Volcker said that given a choice between squeezing the
+budget deficit or squeezing investment, he would favor
+squeezing the budget deficit.
+    In response to a question about banks, Volcker said he
+would be pleased if Congress decided to give banks a tax
+writeoff as an incentive for them to take greater reserves
+against loans to debtor countries.
+    "If you give a tax writeoff for reserving against loans,
+then we will see more reserving and that would make me happy,"
+Volcker told Committee Chairman Sen William Proxmire (D-Wisc).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3039" NEWID="14056">
+<DATE> 7-APR-1987 11:14:55.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1209&#31;reute
+d f BC-REUTERS-&lt;RtrSY>-UNIT   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS &lt;RtrSY> UNIT COMPLETES TRADING SYSTEM</TITLE>
+<DATELINE>    NEW YORK, April - </DATELINE><BODY>Rich Inc, a wholly-owned subsidiary of
+Reuters Holdings PLC of London, said it completed installation
+of a 20 mln dlr trading system for Merrill Lynch and Co Inc
+&lt;MER> in New York.
+    The company said its Composite Information System was
+designed and installed for Merrill Lynch in the investment
+firm's World Financial Center offices in downtown Manhattan.
+    The system, which offers access to financial news, in-house
+computers, commercial television and other services, includes
+479 equity positions, 614 in the debt area and 152 municipal
+markets positions, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3040" NEWID="14057">
+<DATE> 7-APR-1987 11:15:52.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1211&#31;reute
+u f BC-LONDON-LIFFE-D.MARK-C   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON LIFFE D.MARK CLOSE 1614 - APR 7</TITLE>
+ MTH     LAST   HIGH     LOW   PR.SET
+<DATELINE> Jun      ---    ---     ---     </DATELINE><BODY>5507
+ Sep      ---    ---     ---     4885
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3041" NEWID="14058">
+<DATE> 7-APR-1987 11:17:29.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1215&#31;reute
+u f BC-CME-11-15--EDT   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME 11:15  EDT
+
+L-CATTLE
+APR7  69.60 UP  0.20
+JUN7  64.97 OFF 0.05
+AUG7  60.75 OFF 0.12
+F-CATTLE
+APR7  69.00 OFF 0.10
+MAY7  68.12 OFF 0.10
+AUG7  66.50 UP  0.10
+HOGS
+APR7  50.12 UP  0.30
+JUN7  48.80 UP  0.33
+JUL7  47.30 UP  0.43
+BELLIES
+MAY7  66.25 OFF 0.15
+JUL7  64.77 OFF 0.08
+AUG7  61.75 UP  0.15
+FEB8  56.10 UP  0.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3042" NEWID="14059">
+<DATE> 7-APR-1987 11:18:01.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1216&#31;reute
+u f BC-LONDON-LIFFE-S.FRANC   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON LIFFE S.FRANC CLOSE 1616 - APR 7</TITLE>
+ MTH     LAST   HIGH     LOW   PR.SET
+<DATELINE> Jun      ---    ---     ---     </DATELINE><BODY>6627
+ Sep      ---    ---     ---     6041
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3043" NEWID="14060">
+<DATE> 7-APR-1987 11:18:17.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1217&#31;reute
+r f BC-stockholm-exchanges-c   04-07 0049</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Stockholm exchanges clsg apr 6 stg 10.2807 10.2872 us 6.3540
+6.3560 dmk 348.3170 348.4840 ffr 104.6787 104.7981 sfr 419.8216
+420.2314 bfr con 16.8139 16.8281 dfl 308.7313 308.9186 dkr
+92.4016 92.4643 nkr 93.1262 93.1965 lit 0.4889 0.4893 aus sch
+49.5438 49.5788 can 4.8611 4.8645 yen 4.3730 4.3774
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3044" NEWID="14061">
+<DATE> 7-APR-1987 11:18:33.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1219&#31;reute
+u f BC-HOSPITAL-CORP-OF-AMER   04-07 0017</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+HOSPITAL CORP OF AMERICA, 100,000 AT 38-1/2, UNCH, ALL BUYSIDE
+BY ABD SECURITIES ON THE BOSTON EXCHANGE
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3045" NEWID="14062">
+<DATE> 7-APR-1987 11:18:44.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1220&#31;reute
+u f BC-cbt-s'bean-opg-report   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYBEAN FUTURES OPEN SLIGHTLY FIRMER</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT soybean futures opened steady, with
+new crop slightly firmer, then rallied further to hold gains of
+one cent to three cents per bushel higher in light early
+dealings.
+    A firmer Gulf soybean basis this morning, strength in corn
+futures and delays in the Brazilian soybean harvest supported
+soybean futures, despite a disappointing drop in the weekly
+soybean export figure yesterday afternoon, traders said.
+    A local professional house and a local house were the
+featured buyers of July, with sellers scattered and small-lot,
+pit brokers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3046" NEWID="14063">
+<DATE> 7-APR-1987 11:18:57.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f1221&#31;reute
+u f BC-DOLLAR-REMAINS-IN-NAR   04-07 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR REMAINS IN NARROW RANGE IN QUIET ZURICH</TITLE>
+<DATELINE>    ZURICH, April 7 - </DATELINE><BODY>The dollar remained confined in the same
+narrow range in quiet trading, benefitting only slightly from
+comments by Fed Chairman Paul Volcker that further sizeable
+dollar losses would be counter-productive, dealers said.
+    It finished at 1.5140/50 Swiss francs after opening at
+1.5128/38 and closing yesterday at 1.5185/95.
+    "Volcker's remarks produced some buying interest but most
+people were still waiting to see what comes out of the finance
+ministers' meetings in Washington," one dealer said.
+    Other currencies lost ground against the Swiss franc.
+    Sterling eased after advancing sharply yesterday on
+expectations of an early U.K. General election. The pound ended
+at 2.4469/4501 francs compared with 2.4547/4578 yesterday.
+    The mark slipped to 82.83/93 centimes from 83.11/21 and the
+French franc dipped to 24.90/94 from 24.98/25.02.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3047" NEWID="14064">
+<DATE> 7-APR-1987 11:19:14.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1223&#31;reute
+b f BC-LME-COPPER-AFT-2ND-RI   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME COPPER AFT 2ND RING 1617 - APR 7
+                 LAST    BUYER   SELLER
+ Std Cash          --       --       --
+ 3 Months          --       --       --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3048" NEWID="14065">
+<DATE> 7-APR-1987 11:19:21.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1224&#31;reute
+u f BC-ny-comms-est-vols   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMMODITY FUTURES ESTIMATED VOLUMES - APRIL 7
+ Time                   11.00
+ Coffee                   825
+ Cocoa                    756
+ Sugar 11                7040
+ Sugar 14                  16
+ Orange                  ----
+ Cotton                  ----
+ Sugar 11 options calls   364
+ Sugar 11 options puts    115
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3049" NEWID="14066">
+<DATE> 7-APR-1987 11:19:24.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1225&#31;reute
+b f BC-LME-COPPER-AFT-2ND-RI   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME COPPER AFT 2ND RING 1617 - APR 7
+                 LAST    BUYER   SELLER
+ Hg Cash        909.5    909.5    910.0
+ 3 Months       879.0    879.0    879.5
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3050" NEWID="14067">
+<DATE> 7-APR-1987 11:19:32.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1226&#31;reute
+u f BC-ST-LOUIS-CATTLE-STEAD   04-07 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST LOUIS CATTLE STEADY/UP 0.50 DLR - USDA</TITLE>
+<DATELINE>    st louis, april 7 - </DATELINE><BODY>slaughter steers were firm to 0.50 dlr
+higher in active trade and heifers fully steady amid limited
+supply, the usda said.
+    steers - choice 2-4 975-1250 lbs 64.00-65.50, package 2-3
+1230 lbs 66.00.
+    heifers - few lots choice 2-4 900-1075 lbs 61.50-63.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3051" NEWID="14068">
+<DATE> 7-APR-1987 11:19:42.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>liffe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1227&#31;reute
+u f BC-LIFFE,-AFTER-RECORD-V   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFFE, AFTER RECORD VOLUMES, SEES MORE GROWTH</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The records in turnover set by the London
+International Financial Futures Exchange (LIFFE) in March could
+be surpassed in the coming months, Liffe Chief Executive
+Michael Jenkins said.
+    Last month, Liffe saw record monthly futures volume at 1.15
+mln lots, and record monthly options volume at 97,700. Total
+Liffe volume in first quarter 1987 rose to 2.8 mln contracts,
+or 89 pct up on the same 1986 period.
+    Long gilt turnover in first quarter 1987 was 300 pct up on
+the year-ago period at 1.63 mln lots versus 409,500. But T-bond
+volume fell by 38 pct to 244,500 in first three months 1987.
+    Jenkins told Reuters the higher volumes for gilts reflected
+in part the volatility in the U.K. Markets in recent months,
+while the falloff in T-bonds was an indication of the relative
+stability of U.S. Credit markets.
+    Jenkins said he saw room for the whole financial futures
+sector to grow further in the coming months. In particular, FT-
+SE 100 futures had great scope for expansion, and turnover in
+them should be much higher by end 1987.
+    FT-SE futures volume was 62,700 in first quarter 1987, an
+increase of 124 pct over the 28,000 contracts recorded in the
+same months of 1986.
+    Institutions here had been slow to find out about the use
+of stock exchange futures, but they would now learn more,
+Jenkins predicted.
+    Commenting on the difference in popularity between gilts
+and bonds, Jenkins said Liffe had designed the widest possible
+variety of contracts so that at any given time, at least one
+sector would be volatile enough to attract trading. The current
+situation of U.S. Markets being steady, and U.K. Ones
+changeable, might alter completely in coming months.
+    A further boost to Liffe's volume and attractiveness should
+come with the introduction of yen bond futures, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3052" NEWID="14069">
+<DATE> 7-APR-1987 11:20:07.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1230&#31;reute
+r f BC-NEW-BEDFORD-INSTITUTI   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW BEDFORD INSTITUTION FOR SAVINGS &lt;NBBS> YEAR</TITLE>
+<DATELINE>    NEW BEDFORD, Mass., April 7 -
+    </DATELINE><BODY>Net 12.3 mln vs 6,438,000
+    NOTE: Company went public in March.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3053" NEWID="14070">
+<DATE> 7-APR-1987 11:20:16.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1231&#31;reute
+b f BC-HONEYWELL-BULL-UNVEIL   04-07 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONEYWELL BULL UNVEILS FIVE NEW COMPUTERS</TITLE>
+<DATELINE>    MINNEAPOLIS, April 7 - </DATELINE><BODY>Honeywell Bull, a 1.9 billion dlr
+computer systems company formed March 27 by Honeywell Inc
+&lt;HON>, Compagnie des Machines Bull of France and NEC Corp of
+Japan, said it introduced a line of high-performance computers
+for medium and large companies.
+    The company also unveiled software for the new systems to
+facilitate patient care in hospitals and control inventory and
+production in factories.
+    Honeywell Bull said its new line includes five models in
+the DPS 7000 family of 32-bit virtual memory systems that
+support as many as 600 terminals and perform between 9,000 and
+52,000 transactions an hour.
+    Prices for the systems will range from 127,000 dlrs to more
+than 1.0 mln dlrs.
+    It said two integrated, modular software packages
+introduced are specifically for operation on DPS 7000
+computers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3054" NEWID="14071">
+<DATE> 7-APR-1987 11:20:25.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1232&#31;reute
+r f BC-OXFORD-ENERGY-CO-&lt;OEN   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OXFORD ENERGY CO &lt;OEN> TO BUILD ENRGY PLANT</TITLE>
+<DATELINE>    NEW YORK , APri 7 - </DATELINE><BODY>The Oxford Energy Co said it received
+final approval from the Connecticut Department of Public Utiliy
+Control of a power contract for the company's tire burning
+energy plant to be located in Sterling, Conn.
+    The Oxford facility has an estimated total cost of
+approximately 70 mln dlrs, and is expected to start
+construction during the second half of 1987. Construction of
+the project is subject to the receipt of various state and
+local permits, the company said, and the arrangement of
+financing.
+    Under the terms of the order, issued by the Connecticut
+Department of Publc Utility Control, Connecticut Light and
+Power Co will be required to purchase the output of the
+Sterling facility under a 25-year power purchase aagreemnt at
+prices fixed by the contract formulas, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3055" NEWID="14072">
+<DATE> 7-APR-1987 11:20:35.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1234&#31;reute
+r f BC-POLYDEX-&lt;POLXF>-ANTI-   04-07 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLYDEX &lt;POLXF> ANTI-WRINKLE INGREDIENT PATENTED</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>Polydex Pharmaceuticals Ltd said a U.S.
+patent for an anti-wrinkle cream ingredient has been assigned
+to the company by its chairman, Thomas C. Usher.
+    The company said the pantent was granted to Usher for skin
+permeable elastin.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3056" NEWID="14073">
+<DATE> 7-APR-1987 11:21:23.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1235&#31;reute
+r f BC-DIGITAL-TRANSMISSION   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL TRANSMISSION &lt;DTINU> OFFERS UNITS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Digital Transmission Inc is offering
+400,000 units at 9.625 dlrs a unit, underwriter Muller and Co
+Inc said.
+    Net proceeds will be used for sales and marketing, research
+and development, capital equipment and working capital.
+    The underwriter has been granted an over-allotment option
+to buy up to 60,000 more units. Each unit consists of four
+shares of class A common stock and one class A common stock
+purchase warrant.
+    The stock and the warrants are not detachable or separately
+tradeable until six months after the offering or an earlier
+date that may be determined by the underwriter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3057" NEWID="14074">
+<DATE> 7-APR-1987 11:21:43.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1236&#31;reute
+u f BC-cbr-s'prods-opg-reprt   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYPRODUCT FUTURES HIGHER IN EARLY TRADE</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT soyproduct futures traded higher
+early in sympathy with the unexpected strength in soybeans,
+with soyoil up 0.13 to 0.16 cent per lb and soymeal 0.40 to
+1.00 dlr per ton higher, traders said.
+    A mostly steady tone in overseas vegetable oils and feeds
+markets underpinned initial values here, they added.
+    A local professional house seen buying July soybeans also
+bought July soyoil, with Produce Grain a buyer of September,
+pit brokers said. Continental Grain and E.F. Hutton bought July
+soymeal, with sellers scattered and small-lot, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3058" NEWID="14075">
+<DATE> 7-APR-1987 11:22:07.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f1237&#31;reute
+u f BC-CBT-11-20-EDT   04-07 0110</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 11:20 EDT
+WHEAT
+MAY7  288 UP  1 3/4
+JUL7  273 1/4 UP   1/2
+SEP7  273 3/4 UP   3/4
+DEC7  279 1/4 UP  1 1/4
+MAR8  279 UP  1 3/4
+CORN
+MAY7  159 3/4 UP  1 1/2
+JUL7  163 1/2 UP  1 3/4
+SEP7  168 1/2 UP  2 1/4
+DEC7  176 3/4 UP  2
+MAR8  183 1/2 UP  1 3/4
+OATS
+MAY7  149 1/4 OFF  3/4
+JUL7  138 1/4 OFF  1/4
+SEP7  128 3/4 UP   1/2
+DEC7  134 UNCH
+MAR8 UNTRD
+BEANS
+MAY7  501 3/4 UP  2
+JUL7  502 3/4 UP  2 1/2
+AUG7  503 UP  3 1/2
+SEP7  498 1/2 UP  4 1/2
+NOV7  500 UP  4
+JAN8  507 UP  4 1/2
+MEAL
+MAY7  1457 UP  4
+JUL7  1457 UP  6
+AUG7  1458 UP  8
+SEP7  1458 UP  7
+OCT7  1460 UP  9
+OIL
+MAY7  1555 UP  12
+JUL7  1598 UP  20
+AUG7  1607 UP  12
+SEP7  1624 UP  13
+OCT7  1642 UP  17
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3059" NEWID="14076">
+<DATE> 7-APR-1987 11:22:21.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T F
+&#22;&#22;&#1;f1239&#31;reute
+b f BC-LONDON-GOLD-CLOSING--   04-07 0016</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON GOLD CLOSING - APRIL 7
+ 420.00/420.50 DLRS
+ (Afternoon fix 418.50)
+ Krugerrand 424.75/425.25
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3060" NEWID="14077">
+<DATE> 7-APR-1987 11:22:43.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1241&#31;reute
+r f BC-PRESIDENTIAL-AIR-&lt;PAI   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDENTIAL AIR &lt;PAIR> IN SALE/LEASEBACK</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Presidential Airways Inc saiud it has
+sold 10 of its 11 Boeing 737's to Ryder System Inc &lt;RDR>, which
+then leased seven of the planes Boeing Co &lt;BA> made planes back
+to Presidential on a short-term basis.
+    The company said it ended long-term leases on the planes.
+The short-term leases will run up to eight months and the
+aircraft will be returned to Ryder on completion of present
+charter commitments, coincinding with the expected deliveries
+of British Aerospace Bae146 jets.
+    In Miami, Ryder said it will sell the three planes that
+Presidedntial will not lease back to other airlines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3061" NEWID="14078">
+<DATE> 7-APR-1987 11:22:49.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1242&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 11:20   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7 274 1/2            UP    1/2
+ JUL7 263 1/2            UP    1/2
+ SEP7 266 1/4            UP      1
+ DEC7 270 3/4            UNCH
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7 285 1/4            UP  1 3/4
+ JUL7     281            UP    1/4
+ SEP7     277            UP      1
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3062" NEWID="14079">
+<DATE> 7-APR-1987 11:22:54.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1243&#31;reute
+u f BC-LONDON-LIFFE-U.S.-T-B   04-07 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON LIFFE U.S. T-BONDS CLOSE 1620 - APR 7
+ MTH     LAST   HIGH     LOW   PR.SET
+ Jun     9725   9731    9718     9802
+ Sep     9623   9623    9623     9700
+ Dec      ---    ---     ---    10012
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3063" NEWID="14080">
+<DATE> 7-APR-1987 11:23:03.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1244&#31;reute
+r f BC-highwood-has-no   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGHWOOD &lt;HIWDF> COMMENTS ON SHARE PRICE RISE</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>Highwood Resources Ltd said it is not
+aware of any material change in the company's affairs to
+account for recent trading activity in the company's shares,
+but said it anticipates being a future producer of minerals
+used in electronic superconductors.
+    Recent widespread publicity concerning superconductors
+suggest a greatly increased demand for yttrium and lanthanide
+minerals, Highwood said.
+    The company said it is developing such deposits at Thor
+Lake, Northwest Territories in cooperation with Hecla Mining
+Co, of Idaho.
+    Highwood Resources said the deposits contain beryllium,
+yttrium, lanthanides, niobium and tantalum. It did not
+immediately elaborate on estimated reserves on the property.
+    Highwood shares traded earlier on the Toronto Stock
+Exchange at 6-7/8, up 1/8, after climbing 1-1/8 in yesterday's
+session.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3064" NEWID="14081">
+<DATE> 7-APR-1987 11:24:04.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1246&#31;reute
+b f BC-SPOT-TIN-SLIGHTLY-LOW   04-07 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPOT TIN SLIGHTLY LOWER ON EUROPEAN FREE MARKET</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Spot tin on the European free market was
+indicated in the range 4,200 to 4,230 stg per tonne, for high
+grade metal in warehouse Rotterdam, down 10 stg from yesterday
+afternoon.
+    Traders said the market remained quiet with sales reported
+between 4,230 and 4,210 stg and currency factors still tending
+to weigh on the price structure.
+    There was still no sign of significant fresh end-user
+enquiry for second-quarter requirements, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3065" NEWID="14082">
+<DATE> 7-APR-1987 11:24:14.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1247&#31;reute
+u f BC-CBT-11-20-EDT   04-07 0111</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 11:20 EDT
+WHEAT
+MAY7  287 3/4 UP  1 1/2
+JUL7  272 1/2 OFF  1/4
+SEP7  273 3/4 UP   3/4
+DEC7  279 1/4 UP  1 1/4
+MAR8  279 UP  1 3/4
+CORN
+MAY7  159 3/4 UP  1 1/2
+JUL7  163 3/4 UP  2
+SEP7  168 1/2 UP  2 1/4
+DEC7  177 UP  2 1/4
+MAR8  183 3/4 UP  2
+OATS
+MAY7  149 1/4 OFF  3/4
+JUL7  138 1/4 OFF  1/4
+SEP7  128 3/4 UP   1/2
+DEC7  134 UNCH
+MAR8 UNTRD
+BEANS
+MAY7  501 3/4 UP  2
+JUL7  503 UP  2 3/4
+AUG7  503 UP  3 1/2
+SEP7  497 3/4 UP  3 3/4
+NOV7  499 3/4 UP  3 3/4
+JAN8  506 3/4 UP  4 1/4
+MEAL
+MAY7  1456 UP  3
+JUL7  1457 UP  6
+AUG7  1458 UP  8
+SEP7  1460 UP  9
+OCT7  1460 UP  9
+OIL
+MAY7  1554 UP  11
+JUL7  1588 UP  10
+AUG7  1607 UP  12
+SEP7  1624 UP  13
+OCT7  1642 UP  17
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3066" NEWID="14083">
+<DATE> 7-APR-1987 11:24:26.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1248&#31;reute
+u f BC-u.s.-spot-products   04-07 0119</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S SPOT PRODUCTS--MORNING--APRIL 07 1100 EST
+    Spot oil product markets are firmer than yesterday, in thin
+trading, brokers said. they said prices are up mainly on crude
+strength because there is still little interest in moving cash
+products.
+    traders said product inventories are still ample and
+players don't see any reason to buy right now.
+    spot gasoline is stronger than two oil this morning,
+gaining about 0.50 cent a gallon in nyh and 0.40 in the usg.
+new york barrels were still about one cent under futures, at
+52.45 cts/gal, while us gulf sellers were asking around a 1.60
+discount, or 51.85.
+    spot two oil rose 0.35 cent in ny harbor, to 49.35. usg two
+oil is up 0.15 cent from monday, at 46.95.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3067" NEWID="14084">
+<DATE> 7-APR-1987 11:24:35.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1249&#31;reute
+r f BC-FHLBB-CHANGES-SHORT-T   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The Federal Home Loan Bank Board
+adjusted the rates on its short-term discount notes as follows:
+    MATURITY   NEW RATE  OLD RATE  MATURITY
+  30-176 days  5.00 pct  5.00 pct   30-176 days
+ 177-195 days  5.85 pct  5.83 pct  177-195 days
+ 196-271 days  5.00 pct  5.00 pct  196-271 days
+ 272-295 days  5.93 pct  5.91 pct  272-295 days
+ 296-341 days  5.00 pct  5.00 pct  296-341 days
+ 342-346 days  5.90 pct  5.90 pct  342-346 days
+ 347-360 days  5.00 pct  5.00 pct  347-360 days
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3068" NEWID="14085">
+<DATE> 7-APR-1987 11:24:43.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1251&#31;reute
+b f BC-LME-ALUMINIUM-AFT-2ND   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME ALUMINIUM AFT 2ND RING 1622 - APR 7
+                 LAST    BUYER   SELLER
+ Cash              --       --       --
+ 3 Months       803.5    803.5    804.0
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3069" NEWID="14086">
+<DATE> 7-APR-1987 11:24:52.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1252&#31;reute
+r f BC-GENERAL-ELECTRIC&lt;GE>-   04-07 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC&lt;GE>-POWERED HELICOPTER UNVEILED</TITLE>
+<DATELINE>    LYNN, Mass., April 7 - </DATELINE><BODY>General Electric Co said that EH
+Industries, a joint effort between &lt;Westland Helicopter> of
+England and the &lt;Augusta Group> of Italy, rolled out the first
+prototype EH 101 helicopter in Yeovil, England.
+    GE said the helicopter is powered by three GE
+ T700 engines.
+    The company added that the multi-mission EH 101 has naval,
+utility and civil models. The latter two will be powered by
+2,000 shaft horsepower CT7-6 engines being co-developed by GE,
+&lt;Fiat Aviazione> and &lt;Alfa Romeo Avio>, GE said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3070" NEWID="14087">
+<DATE> 7-APR-1987 11:25:13.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1254&#31;reute
+b f BC-REUTER-UNIT-COMPLETES   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER UNIT COMPLETES MERRILL LYNCH TRADING SYSTEM</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Rich Inc, wholly owned by Reuters
+Holdings Plc &lt;RtrSY>, said it completed installation of a 20
+mln dlr trading system for Merrill Lynch and Co Inc &lt;MER> in
+New York.
+    The company said its Composite Information System was
+designed and installed for Merrill Lynch in the investment
+firm's World Financial Centre offices in downtown Manhattan.
+    The system, which offers access to financial news, in-house
+computers, commercial television and other services, includes
+479 equity positions, 614 in the debt area and 152 municipal
+markets positions, the company said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3071" NEWID="14088">
+<DATE> 7-APR-1987 11:25:28.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-africa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1255&#31;reute
+r f BC-AFRICAN-DEVELOPMENT-B   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFRICAN DEVELOPMENT BANK LOANS ROSE 42 PCT IN 1986</TITLE>
+<DATELINE>    ABIDJAN, April 7 - </DATELINE><BODY>The African Development Bank (ADB) said
+it increased its lending by 42.1 pct last year to 1.64 billion
+dlrs from 1.15 billion dlrs in 1985.
+    A bank statement said agriculture, set as the main growth
+area in a five-year economic recovery program adopted in 1985
+by African states, received 607 mln dlrs, 37 pct of the total.
+    The ADB is made up of the bank itself, its financing
+soft-loan arm, the African Development Fund (ADF) and the
+Nigeria Trust Fund, another soft-loan institution.
+    ADB president Babacar N'Diaye released a 1987 economic
+report on Africa prepared by the ADB and the U.N. Economic
+Commission for Africa (ECA), saying progress was being made
+toward substantial increases in the bank's capital resources.
+    He said an ad-hoc committee of the ADB board of governors,
+comprising 18 African and non-African countries, recommended a
+200 pct increase in the organisation's capital for 1987-91.
+    He said such an increase would raise capital from around
+6.55 billion dlrs to 19.66 billion dlrs, adding he was hopeful
+the proposal would be adopted at the annual meetings of the
+bank and fund, due to be held jointly in Cairo in June.
+    He welcomed France's recent proposals to the Paris Club of
+Western government creditors to extend repayment periods for
+Third World debts and give better rescheduling terms.
+    "The proposition represents a major step forward. But
+African countries should not be the ones to ask for large-scale
+debt write-offs," he said. Africa's total external debt was
+estimated at 175 billion dlrs at the end of 1986.
+    The ECA-ADB report said prospects would remain bleak for
+African economies in 1987 but predicted Gross Domestic Product
+(GDP) growth ranging between 2.5 and four pct, compared with
+1.2 pct last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3072" NEWID="14089">
+<DATE> 7-APR-1987 11:25:33.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L C
+&#22;&#22;&#1;f1256&#31;reute
+u f BC-OMAHA-CATTLE-UP-0.50   04-07 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMAHA CATTLE UP 0.50 DLR - USDA</TITLE>
+<DATELINE>    omaha, april 7 - </DATELINE><BODY>barrow and gilt prices rose 0.50 dlr in
+moderately active trade, the usda said.
+    steers - choice 2-4 1100-1400 lbs 66.50-67.50, two loads
+68.00-68.50.
+    heifers - choice 2-4 975-1150 lbs 64.50-65.00, two loads
+65.75-66.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3073" NEWID="14090">
+<DATE> 7-APR-1987 11:26:00.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1259&#31;reute
+d f BC-MELRIDGE-&lt;BULB>-UNIT   04-07 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELRIDGE &lt;BULB> UNIT IN REAL ESTATE AGREEMENT</TITLE>
+<DATELINE>    PORTLAND, Ore., April 7 - </DATELINE><BODY>Melridge Inc said its 50 pct
+owned Conroy's Inc subsidiarey, which franchises flower shops,
+has entered into an agreement for an affiliate of Public
+Storage Inc to acquire and develop real estate for the
+expansion of Conroy's franchise operations.
+    The company said under the agreement, Public Storage will
+obtain an undisclosed equity interest in Conroy's and Melridge
+and undisclosed equity interest in the Public Storage affiliate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3074" NEWID="14091">
+<DATE> 7-APR-1987 11:26:03.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1260&#31;reute
+d f BC-PHOTRONICS-CORP-&lt;PHOT   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOTRONICS CORP &lt;PHOT> YEAR FEB 28 NET</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., April 7 -
+    </DATELINE><BODY>Shr 64 cts vs 38 cts
+    Net 1,062,000 vs 585,000
+    Sales 13.6 mln vs 9,262,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3075" NEWID="14092">
+<DATE> 7-APR-1987 11:26:10.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1261&#31;reute
+d f BC-MIDWAY-AIRLINES-&lt;MDWY   04-07 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWAY AIRLINES &lt;MDWY> MARCH LOAD FACTOR FALLS</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Midway Airlines Inc said its March load
+factor declined to 59.2 pct from 61.3 pct in the same year-ago
+period.
+    It said revenue passenger miles increased to 200.9 mln from
+167.2 mln, and available seat miles rose to 339.5 mln from
+272.9 mln.
+    Year to date, Midway said its load factor declined to 56.1
+pct from 57.8 pct. It said revenue passenger miles gained to
+534.0 mln from 450.0 mln, and available seat miles went to
+952.1 mln from 778.8 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3076" NEWID="14093">
+<DATE> 7-APR-1987 11:26:15.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1262&#31;reute
+d f BC-OCEAN-BIO-CHEM-INC-&lt;O   04-07 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCEAN BIO-CHEM INC &lt;OBCI> YEAR NET</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., April 7 -
+    </DATELINE><BODY>Shr eight cts vs seven cts
+    Net 215,821 vs 196,873
+    Sales 3,112,571 vs 2,649,003
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3077" NEWID="14094">
+<DATE> 7-APR-1987 11:26:20.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1263&#31;reute
+d f BC-LOWE'S-&lt;LOW>-TO-SELL   04-07 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWE'S &lt;LOW> TO SELL DURAKON &lt;DRKN> LINER</TITLE>
+<DATELINE>    LAPEER, Mich., April 7 - </DATELINE><BODY>Durakon Industries Inc said its
+All Star Liner will be sold as the exclusive pickup truckbed
+liner in Lowe's Cos Inc's 300 retail home center outlets in the
+Southeastern U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3078" NEWID="14095">
+<DATE> 7-APR-1987 11:26:26.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1264&#31;reute
+d f BC-FEDERAL-RESOURCES-&lt;FD   04-07 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL RESOURCES &lt;FDRC> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Federal Resources Corp said it has
+named John Kotts president and chief operating officer,
+replacing Paul Hannesson, who remains chairman and chief
+executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3079" NEWID="14096">
+<DATE> 7-APR-1987 11:26:32.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1265&#31;reute
+d f BC-WALKER-TELECOMMUNICAT   04-07 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALKER TELECOMMUNICATIONS &lt;WTEL> GETS CONTRACT</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., April 7 - </DATELINE><BODY>Walker Telecommunications corp
+said Teledial America has selected the fiber optic system
+operated by Walker's Mutual Signal Corp subsidiary to carry
+Teledial's traffic in Michigan and link interstate facilities
+throughout the country.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3080" NEWID="14097">
+<DATE> 7-APR-1987 11:26:38.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1266&#31;reute
+u f BC-NY-COTTON-11-25   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COTTON 11:25
+  MAY7 5610   UP   30
+  JUL7 5520   UP   30
+  OCT7 5525   UP   20
+  DEC7 5510   UP   35
+  MAR8 5615   UP   50
+  MAY8 UNTRD
+  JUL8 UNTRD
+  OCT8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3081" NEWID="14098">
+<DATE> 7-APR-1987 11:26:46.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1267&#31;reute
+b f BC-AIDC-ISSUES-AUSTRALIA   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIDC ISSUES AUSTRALIAN DOLLAR ZERO COUPON EUROBOND</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Australian Industry Development Corp is
+issuing a zero coupon eurobond with total redemption amount 30
+mln Australian dlrs, lead manager Orion Royal Bank Ltd said.
+    The issue matures on May 12, 1992 and is priced at 53-1/2
+pct. It is available in denominations of 1,000 and 10,000
+Australian dlrs and will be listed in Luxembourg. Payment date
+is May 12.
+    Credit Suisse First Boston Ltd, Commerzbank AG, Hambros
+Bank Ltd and Merrill Lynch Capital Markets are co-lead
+managers. There will be no co-managers. Fees total 1-3/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3082" NEWID="14099">
+<DATE> 7-APR-1987 11:26:54.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1268&#31;reute
+d f BC-TELE-COMMUNICATIONS-&lt;   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELE-COMMUNICATIONS &lt;TCOMA> SELLS CABLE SYSTEMS</TITLE>
+<DATELINE>    MIAMI, April 7 - </DATELINE><BODY>Knight-Ridder Inc &lt;KRI> said its TKR Cable
+Co joint venture with Tele-communications Inc has signed a
+letter of intent to acquire cable television systems with
+55,000 basic subscribers in Wildwood, N.J., and Ramapo and
+Warwick, N.Y., from Tele-Communications for undisclosed terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3083" NEWID="14100">
+<DATE> 7-APR-1987 11:27:05.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1269&#31;reute
+r f BC-SWEDISH-FINANCE-FIRMS   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH FINANCE FIRMS SEEN HIT BY DEREGULATION</TITLE>
+<DATELINE>    STOCKHOLM, April 7 - </DATELINE><BODY>Up to 70 pct of the 240 finance
+companies operating in Sweden are likely to be squeezed out
+over the next few years by the deregulation of financial
+markets, the Association of Swedish Finance Companies said.
+    Association chairman Arne Ogren told a news conference that
+a major restructuring of the sector was inevitable.
+    Central Bank governor Bengt Dennis said when announcing the
+deregulation in November 1985 that one of his main aims was to
+give commercial banks a chance to compete on equal terms with
+finance companies and so undermine Sweden's "grey market."
+    Total credit granted by the Swedish finance companies rose
+to 77 billion crowns in 1986 from 64.7 billion in 1985. This
+includes leasing and is the equivalent of 19 pct of all
+outstanding loans by the banking sector at end-1986.
+    Ogren said that if proposals now being discussed by a
+government-appointed inquiry into the credit market to license
+finance companies and make them increase their share capital
+were pushed through, up to 70 pct would disappear.
+    But he said this would in fact have little effect on credit
+volumes as the 42 biggest finance companies accounted for 70
+pct of lending by the entire sector.
+    The explosive growth of Swedish finance companies began in
+the early 1970s and commercial banks even started their own to
+get around the tight restrictions then imposed on banking
+activities and particularly on the growth of lending.
+    Now that they were on an equal footing with their parent
+companies, many bank-owned finance companies faced an identity
+crisis, Ogren said. He predicted there would be mergers and
+individual firms would carve out specialised niches to ensure
+their survival in a deregulated climate.
+    Ogren said the sector's losses on bad loans were bound to
+rise steeply in 1989-1990 due to the rush to increase credit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3084" NEWID="14101">
+<DATE> 7-APR-1987 11:27:09.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1270&#31;reute
+u f BC-WALL-STREET-INDICES-1   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+WALL STREET INDICES 1100
+
+ NYSE COMPOSITE        171.45 UP  0.49
+ NYSE INDUSTRIALS      208.40 UP  0.92
+ S AND P COMPOSITE     303.22 UP  1.27
+
+ NYSE-A VOLUME    95638000
+
+ AMEX INDEX            343.81 UP  1.58
+
+ AMEX-B VOLUME    6091300
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3085" NEWID="14102">
+<DATE> 7-APR-1987 11:27:32.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V F
+&#22;&#22;&#1;f1272&#31;reute
+u f BC-QT8912   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS HIGHER IN LATE MORNING</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Wall Street stocks staged a strong
+rebound after being hurt by an early round of futures related
+sell programs and profit taking. The advance was led by
+automakers and a firm oil sector. Special situation stocks
+Texaco and UAL were actively traded.
+    The Dow Jones Industrial Average, down more than 10 points
+in the first minutes of trading, stood at 2415, up 10 late this
+morning. Advances led declines by only a slight margin on
+volume of 77 mln shares. GM gained two to 83-1/2 and Ford one
+to 91-1/8. Chrysler rose 1/4 to 58-1/2. Texaco gained 3/8 to 34
+and UAL fell 5/8 to 65-1/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3086" NEWID="14103">
+<DATE> 7-APR-1987 11:27:36.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1273&#31;reute
+d f BC-ENVIRONMENTAL-POWER-C   04-07 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIRONMENTAL POWER CORP &lt;POWR> YEAR NET</TITLE>
+<DATELINE>    BOSTON, April 7 -
+    </DATELINE><BODY>Shr profit 25 cts vs loss 15 cts
+    Net profit 998,000 vs loss 612,000
+    Revs 8,086,000 vs 365,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3087" NEWID="14104">
+<DATE> 7-APR-1987 11:27:41.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1274&#31;reute
+u f BC-LONDON-LIFFE-GILTS-CL   04-07 0044</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON LIFFE GILTS CLOSE 1625 - APR 7
+ MTH     LAST   HIGH     LOW   PR.SET
+ Jun    12323  12419   12322    12407
+ Sep    12323  12323   12323    12407
+ Dec    12324  12324   12324    12408
+ Mar      ---    ---     ---    12407
+ Jun      ---    ---     ---    12208
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3088" NEWID="14105">
+<DATE> 7-APR-1987 11:29:00.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1277&#31;reute
+b f BC-LME-NICKEL-AFT-2ND-RI   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME NICKEL AFT 2ND RING 1627 - APR 7
+                 LAST    BUYER   SELLER
+ Cash              --       --       --
+ 3 Months          --     2355     2360
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3089" NEWID="14106">
+<DATE> 7-APR-1987 11:30:19.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1281&#31;reute
+r f BC-SWEDISH-INDUSTRY-SEES   04-07 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH INDUSTRY SEES HIGHER 1987 PRODUCTION</TITLE>
+<DATELINE>    STOCKHOLM, April 7 - </DATELINE><BODY>Swedish industry expects a rise in
+both production and exports during this year, with engineering
+and forest companies forecasting the largest increases, a
+survey by the National Institute for Economic Research showed.
+    The government institute said in the survey -- of 2,000
+manufacturing companies -- that industry this year planned to
+reduce both raw material and finished goods inventories.
+    It said domestic demand was expected to be mainly unchanged
+but that exports should rise significantly. The number of firms
+operating at full capacity fell slightly, however, in the first
+quarter, said the report, which gave no figures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3090" NEWID="14107">
+<DATE> 7-APR-1987 11:31:22.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1282&#31;reute
+u f BC-u.s.-energy-futures   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY FUTURES STEADY BUT QUIET</TITLE>
+<DATELINE>    NEW YORK, APRIL 7 - </DATELINE><BODY>U.S. energy futures traded consistently
+above yesterday's closing prices in thin activity this morning
+with underlying support from April 15-day forward North Sea
+Brent crude, traders said.
+    April Brent traded as high as 19.40 dlrs a barrel today, or
+more than 1.00 dlr above May Brent prices, because of a supply
+squeeze, according to traders.
+    "U.S. energy futures are probably influenced by April Brent
+more than anything else today," said John O'Connell, assistant
+vice president at Refco, Inc.
+    May crude was up 18 cts to 18.85 dlrs a barrel.
+     "There is no reason to sell energy futures at these prices
+because the fundamentals have not changed," said O'Connell,
+adding that the OPEC pricing/production accord continues to
+hold.
+    Mixed trade participants dominated crude futures while
+local traders were featured in products, traders said. They
+said U.S. energy futures ran into resistance at today's highs.
+    May heating oil was up 0.46 cent at 49.25 cts a gallon
+after trading within a narrow 0.30-cent range. May unleaded
+gasoline was up 0.61 cent to 53.55 cts a gallon, at the high
+end of a 0.35-cent range.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3091" NEWID="14108">
+<DATE> 7-APR-1987 11:31:33.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1283&#31;reute
+u f BC-LONDON-COCOA-SHIPMENT   04-07 0050</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COCOA SHIPMENTS CLOSING - APR 7
+    GHANA Cocoa differentials based on London terminal prices,
+stg per tonne cif U.K./N.E.
+ SPOT     50 over May
+ Mar/May  50 over May
+ Apr/Jun  55 over Jul
+ May/Jul  55 over Jul
+ Jun/Aug  60 over Sep
+ Jul/Sep  65 over Sep
+ Oct/Dec  80 over Dec
+ All nominal sellers
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3092" NEWID="14109">
+<DATE> 7-APR-1987 11:31:45.07</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1284&#31;reute
+u f BC-GERMAN-LONG-TERM-CAPI   04-07 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN LONG-TERM CAPITAL INFLOW SLUMPS IN FEBRUARY</TITLE>
+<DATELINE>    FRANKFURT, April 7 - </DATELINE><BODY>The inflow of long-term capital into
+West Germany slumped to 606 mln marks in February from
+January's record 11.91 billion, with foreign purchases of
+German bonds and shares declining sharply, the Bundesbank said.
+    While foreigners bought only four billion marks worth of
+German bonds in February after 13 billion in January, they sold
+a net 500 mln marks in shares and promissory notes of public
+authorities after sales worth 300 mln in January.
+    With German investors' purchases of foreign securities
+steady around 1.3 billion marks, only 2.2 billion marks were
+imported through securities transactions, after 11.2 billion.
+    Direct investment abroad led to a capital outflow of 1.60
+billion marks in February after 2.83 billion in January.
+    There was a deficit of 8.14 billion marks in the short-term
+capital account after a surplus of 194 mln in January.
+    Banks alone exported some 8.6 billion marks in funds while
+domestic companies increased their short-term financial assets
+abroad by 700 mln. But public authorities received some one
+billion marks from abroad, the Bundesbank said in a statement.
+    Combining long and short term capital outflows, West
+Germany recorded a net outflow of 7.53 billion marks in
+February against a net inflow of 11.91 billion in January.
+    The Bundesbank confirmed the German trade surplus widened
+to 10.45 billion marks in February from January's 7.20 billion.
+    Taking the two months together the seasonally adjusted
+surplus was slightly below the figure for the previous two. In
+terms of current as well as constant prices, the narrowing of
+the surplus was progressing, the bank said.
+    Germany's current account surplus widened to 6.63 billion
+marks in February from 4.79 billion in January, but was down on
+the 7.26 billion figure for February 1986. Seasonally adjusted,
+the February current account surplus narrowed against January.
+    While exports in February fell a half pct against the same
+month last year, imports fell 10-1/2 pct largely due to the
+drop in prices. Exports grew three pct in volume and imports
+two pct.
+    In the balance of services, a fall in net investment income
+led to a 300 mln mark deficit in February after a 300 mln mark
+surplus in January.
+    The deficit in transfer payments widened to 3.70 billion
+marks from 2.69 billion, largely due to a sharp jump to 2.3
+billion marks from 200 mln in payments to the European
+Community budget.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3093" NEWID="14110">
+<DATE> 7-APR-1987 11:32:02.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1285&#31;reute
+u f BC-PRS-PARIS/LE-HAVRE-CO   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS/LE HAVRE COFFEE CLSG - APR 07
+ May 1190/1209 ba
+ Jul 1200 BID
+ Sep 1250/1260 ba
+ Nov 1250/1270 ba
+ Jan 1255 BID
+ Mar 1263 BID
+ May 1266 BID
+ Sales at call NIL accumulative total ELEVEN
+ Yesterday's official turnover: 65
+ STEADY
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3094" NEWID="14111">
+<DATE> 7-APR-1987 11:32:20.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1286&#31;reute
+h f BC-BRITISH-TELECOM,-NTT   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH TELECOM, NTT SIGN COOPERATION AGREEMENT</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>British Telecommunications Plc &lt;BTY.L>
+said it had signed a collaboration agreement with Nippon
+Telegraph and Telephone Corp on the exchange of personnel and
+information over a three-year period beginning April 7.
+    The company said in a statement the plan is designed to
+promote increased business activities of both firms.
+    In a separate statement British Telecommunications said
+that it had signed a two-year, eight mln Canadian dlr,
+distribution agreement with &lt;Gandalf Technologies Inc> of
+Canada to distribute its Mezza VoiceStation system in Canada
+and the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3095" NEWID="14112">
+<DATE> 7-APR-1987 11:32:24.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1287&#31;reute
+u f BC-NY-COFFEE--11-30   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COFFEE  11:30
+
+ MAY7  10200 OFF 4
+ JUL7  10400 UNCH
+ SEP7  10600 OFF 5
+ DEC7  10890 OFF 10
+ MAR8  11100 UP  50
+ MAY8  11300 UP  50
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3096" NEWID="14113">
+<DATE> 7-APR-1987 11:33:05.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f1289&#31;reute
+u f BC-NY-SUGAR-11-1130   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY SUGAR 11 1130
+
+ MAY7  670 OFF 9
+ JUL7  689 OFF 4
+ SEP7  696 OFF 12
+ OCT7  710 OFF 3
+ JAN8 UNTRD
+ MAR8  747 OFF 8
+ MAY8 UNTRD
+ JUL8  780 OFF 3
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3097" NEWID="14114">
+<DATE> 7-APR-1987 11:33:28.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ MQ
+&#22;&#22;&#1;f1292&#31;reute
+u f BC-NY-COMEX-SILVER-11-30   04-07 0033</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX SILVER 11:30
+
+ APR7  6670 UP  122
+ MAY7  6710 UP  130
+ JUN7  6730 UP  113
+ JUL7  6790 UP  136
+ SEP7  6875 UP  145
+ DEC7  6995 UP  157
+ JAN8  7000 UP  124
+ MAR8  7130 UP  184
+ MAY8  7190 UP  165
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3098" NEWID="14115">
+<DATE> 7-APR-1987 11:33:32.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L C
+&#22;&#22;&#1;f1293&#31;reute
+u f BC-SIOUX-CITY-CATTLE-UP   04-07 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX CITY CATTLE UP 0.50/1.00 DLR - USDA</TITLE>
+<DATELINE>    sioux city, april 7 - </DATELINE><BODY>slaughter cattle rose 0.50 to 1.00
+dlr in active trade, the usda said.
+    steers - choice 2-3 1100-1300 lbs 66.50-68.00.
+    heifers - one load high dressing choice 3 near 1100 lbs
+66.75. choice 2-4 975-1100 lbs 65.00-66.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3099" NEWID="14116">
+<DATE> 7-APR-1987 11:33:38.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f1294&#31;reute
+u f BC-CME-11-30--EDT   04-07 0052</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME 11:30  EDT
+
+L-CATTLE
+APR7  69.77 UP  0.37
+JUN7  65.10 UP  0.08
+AUG7  60.87 UNCH
+F-CATTLE
+APR7  69.05 OFF 0.05
+MAY7  68.17 OFF 0.05
+AUG7  66.50 UP  0.10
+HOGS
+APR7  50.20 UP  0.38
+JUN7  48.90 UP  0.43
+JUL7  47.40 UP  0.53
+BELLIES
+MAY7  66.40 UNCH
+JUL7  64.90 UP  0.05
+AUG7  61.70 UP  0.10
+FEB8  56.10 UP  0.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3100" NEWID="14117">
+<DATE> 7-APR-1987 11:34:06.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1297&#31;reute
+u f BC-ny-cotton-opg-report   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. COTTON FUTURES STEADY IN EARLY TRADING</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Cotton futures were steady this morning
+on commission house buying. But trade selling was keeping gains
+to a minimum, brokers said.
+    There was no news, but brokers said the market is 
+technically weak and in search of a bottom. Recent news of poor
+export sales remained a damper, brokers said.
+    Cotton for May delivery was up 0.25 cent at 56.05 cents a
+lb in a 56.30 to 55.80 cent range.
+    December delivery was up 0.40 cent at 55.15 cents.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3101" NEWID="14118">
+<DATE> 7-APR-1987 11:34:12.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1298&#31;reute
+u f BC-CBT-SILVER-11-30-EDT   04-07 0037</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT SILVER 11:30 EDT
+1,000 OUNCE
+ APR7  6720 UP  150
+ MAY7  6700 UP  100
+ JUN7  6750 UP  110
+ AUG7  6840 UP  120
+ OCT7  6900 UP  100
+ DEC7  7000 UP  120
+ FEB8  7100 UP  140
+ APR8  7200 UP  160
+ JUN8  7300 UP  180
+ AUG8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3102" NEWID="14119">
+<DATE> 7-APR-1987 11:34:19.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L C
+&#22;&#22;&#1;f1299&#31;reute
+u f BC-SIOUX-CITY-HOGS-STEAD   04-07 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX CITY HOGS STEADY/UP 1.25 DLR - USDA</TITLE>
+<DATELINE>    sioux city, april 7 - </DATELINE><BODY>barrow and gilt prices were mostly
+1.00 dlr higher, instances up 1.25, few early sales steady to
+up 0.50 dlr, in active trade, the usda said. top 51.50 dlrs per
+cwt.
+    us 1-3 220-260 lbs near 275 head 51.75.
+    us 1-3 220-260 lbs 51.00-51.50, near 360 head early
+50.50-51.00 and 200-220 lbs 50.00-51.00.
+    sows - up 2.00 dlrs. us 1-3 500-650 lbs 47.50-48.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3103" NEWID="14120">
+<DATE> 7-APR-1987 11:34:25.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1300&#31;reute
+b f BC-LME-SILVER-AFT-2ND-RI   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME SILVER AFT 2ND RING 1632 - APR 7
+                 LAST    BUYER   SELLER
+ Large Cash        --    411.0    413.0
+ 3 Months          --    420.0    422.0
+ Small Cash        --    411.0    413.0
+ 3 Months          --    420.0    421.0
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3104" NEWID="14121">
+<DATE> 7-APR-1987 11:34:35.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1301&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 11:31   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7 274 1/4            UP    1/4
+ JUL7 262 3/4            OFF   1/4
+ SEP7 265 1/2            UP    1/4
+ DEC7 270 3/4            UNCH
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7     285            UP  1 1/2
+ JUL7     281            UP    1/4
+ SEP7     277            UP      1
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3105" NEWID="14122">
+<DATE> 7-APR-1987 11:34:50.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1303&#31;reute
+b f BC-LME-UNOFFICIAL-PRICES   04-07 0068</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME UNOFFICIAL PRICES - APR 7
+                 CASH         3 MONTHS
+ COPPER -A-  909.50 910.00  879.00 879.50
+ COPPER STD  861.00 861.50  858.00 860.00
+ LEAD        308.00 309.00  301.00 302.00
+ ZINC HG     457.00 458.00  456.00 457.00
+ SILVER 10    411.0 413.0    420.0 422.0
+ SILVER  2    411.0 413.0    420.0 422.0
+ ALUMINIUM   868.50 870.00  803.00 803.50
+ NICKEL        2335 2345      2355 2360
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3106" NEWID="14123">
+<DATE> 7-APR-1987 11:35:11.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1304&#31;reute
+u f BC-CBT-11-31-EDT   04-07 0106</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 11:31 EDT
+WHEAT
+MAY7  287 UP   3/4
+JUL7  272 OFF  3/4
+SEP7  272 3/4 OFF  1/4
+DEC7  278 3/4 UP   3/4
+MAR8  278 1/4 UP  1
+CORN
+MAY7  160 UP  1 3/4
+JUL7  163 3/4 UP  2
+SEP7  168 3/4 UP  2 1/2
+DEC7  177 UP  2 1/4
+MAR8  184 UP  2 1/4
+OATS
+MAY7  149 OFF 1
+JUL7  138 OFF  1/2
+SEP7  128 1/4 UNCH
+DEC7  134 UNCH
+MAR8 UNTRD
+BEANS
+MAY7  501 1/4 UP  1 1/2
+JUL7  502 1/4 UP  2
+AUG7  502 1/4 UP  2 3/4
+SEP7  497 3/4 UP  3 3/4
+NOV7  499 UP  3
+JAN8  506 UP  3 1/2
+MEAL
+MAY7  1456 UP  3
+JUL7  1456 UP  5
+AUG7  1458 UP  8
+SEP7  1458 UP  7
+OCT7  1460 UP  9
+OIL
+MAY7  1554 UP  11
+JUL7  1588 UP  10
+AUG7  1605 UP  10
+SEP7  1622 UP  11
+OCT7  1635 UP  10
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3107" NEWID="14124">
+<DATE> 7-APR-1987 11:35:33.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1306&#31;reute
+u f BC-CME-11-31--EDT   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME 11:31  EDT
+
+L-CATTLE
+APR7  69.77 UP  0.37
+JUN7  65.12 UP  0.10
+AUG7  60.85 OFF 0.02
+F-CATTLE
+APR7  69.05 OFF 0.05
+MAY7  68.20 OFF 0.02
+AUG7  66.50 UP  0.10
+HOGS
+APR7  50.25 UP  0.43
+JUN7  48.95 UP  0.48
+JUL7  47.40 UP  0.53
+BELLIES
+MAY7  66.42 UP  0.02
+JUL7  64.92 UP  0.07
+AUG7  61.70 UP  0.10
+FEB8  56.10 UP  0.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3108" NEWID="14125">
+<DATE> 7-APR-1987 11:35:50.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1308&#31;reute
+u f BC-NY-COMEX-ALUMINUM-11-   04-07 0040</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX ALUMINUM 11:31
+        LAST CHANGE
+APR7    UNTRD
+MAY7    6150 UNCH
+JUN7    UNTRD
+JUL7    UNTRD
+SEP7    UNTRD
+DEC7    UNTRD
+JAN8    UNTRD
+FEB8    UNTRD
+MAR8    UNTRD
+MAY8    UNTRD
+JUL8    UNTRD
+SEP8    UNTRD
+DEC8    UNTRD
+JAN9    UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3109" NEWID="14126">
+<DATE> 7-APR-1987 11:36:02.32</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>belgium</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1309&#31;reute
+u f BC-EC-SOURCES-SAY-U.K.-W   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SOURCES SAY UK WHEAT PLAN YET TO BE APPROVED</TITLE>
+<DATELINE>    BRUSSELS, April 7 - </DATELINE><BODY>The European Commission has not taken a
+decision on applications from the British government for the
+release of 200,000 tonnes of intervention feed wheat onto the
+British market in May and June, Commission sources said.
+    They said last week's cereals management committee agreed
+to release 70,000 tonnes of feed wheat through weekly tenders
+between April 14 and May 26. It also indicated it planned to
+allow the release of another 30,000 tonnes from April 23.
+    However, it decided to leave consideration of the release
+of further wheat until later.
+    The British government had applied for the release of a
+further 100,000 tonnes in both May and June from British
+intervention stores to prevent market prices rising.
+    However, the sources said, the Commission wanted to review
+the market situation nearer the time before giving its
+approval.
+    The Commission was given new powers last year to control
+the release of intervention cereals onto the market, the
+sources noted.
+    Following last week's committee meeting, the U.K. Ministry
+of Agriculture said the Commission had given an assurance that
+additional quantities of intervention wheat would be made
+available in May and June. It also said that it was envisaged
+that monthly releases would be at least 100,000 tonnes,
+depending on the state of the market.
+    This lead to the widespread assumption that the Commission
+had actually approved the release of 300,000 tonnes during the
+three months of April, May and June at last week's meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3110" NEWID="14127">
+<DATE> 7-APR-1987 11:36:07.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f1310&#31;reute
+u f BC-NY-COMEX-COPPER-1130   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX COPPER 1130
+
+ APR7 UNTRD
+ MAY7  6270 UP  5
+ JUN7 UNTRD
+ JUL7  6245 UP  10
+ SEP7  6265 UP  15
+ DEC7  6290 UP  15
+ JAN8 UNTRD
+ MAR8  6340 UP  15
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+ DEC8 UNTRD
+ JAN9 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3111" NEWID="14128">
+<DATE> 7-APR-1987 11:36:13.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1311&#31;reute
+u f BC-PARIS-COCOA-BUTTER-17   04-07 0063</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PARIS COCOA BUTTER 17.32 - APR 07 (Unofficial Sterling
+indications. Bid/Ask rate in French francs followed by Stg
+conversion)
+ May 2838/2843 ba           (9.8050/8200 )
+ Jul 2888/2898 ba           (9.7810/8000 )
+ Sep 2918/2928 ba           (9.7500/7700 )
+ Dec 2968/2978 ba           (9.7250/7450 )
+ Mar 2998/3008 ba           (9.6910/7160 )
+ May 3048/3058 ba           (9.6800/7050 )
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3112" NEWID="14129">
+<DATE> 7-APR-1987 11:36:25.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1313&#31;reute
+u f BC-NY-COCOA-11-31   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COCOA 11:31
+
+ MAY7  1928 OFF 6
+ JUL7  1961 OFF 6
+ SEP7  1984 OFF 5
+ DEC7  2010 OFF 5
+ MAR8 UNTRD
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3113" NEWID="14130">
+<DATE> 7-APR-1987 11:36:42.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1315&#31;reute
+r f BC-lard-tallow   04-07 0065</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. LARD AND TALLOW - APRIL 7
+    (CTS PER LB SPOT CHICAGO)
+ CENTRIFUGAL PROCESS LARD FOB  14.50 - UNC
+            - CIF GREAT LAKES  14.50/14.75N
+            - FOB NEW YORK     16.75N
+            - FAS NEW YORK     16.50N
+ TALLOW - EDIBLE               14.00 - UNC
+ INEDIBLE BLEACHABLE           12.50 - UNC
+ GREASE CHOICE WHITE (ALL HOG) 10.50 - UNC
+ UNC - UNCHANGED  N - NOMINAL
+ A - ASKED
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3114" NEWID="14131">
+<DATE> 7-APR-1987 11:36:51.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1316&#31;reute
+r f BC-BROKERAGE-FIRM-UPS-ST   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROKERAGE FIRM UPS STAKE IN ALLEGHENY &lt;AG></TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The New York brokerage firm of Spear,
+Leeds and Kellogg told the Securities and Exchange Commission
+it had increased its preferred stock in Allegheny International
+Inc to 8.6 pct, from 7 pct.
+    It said it may buy additional shares, but had not decided
+whether to offer its shares in response to a tender offer by
+Sunter Acquisition Corp, a unit of First Boston Inc.
+    The brokerage firm said it bought the Allegheny shares
+March 30-April 2 for 86.50-87.25 dlrs each.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3115" NEWID="14132">
+<DATE> 7-APR-1987 11:37:10.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1318&#31;reute
+r f BC-U.K.-GRAIN-FUTURES-CL   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. GRAIN FUTURES CLOSE STEADY TO FIRMER</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Barley futures closed 0.15 to 0.05 stg
+per tonne higher and wheat 0.60 to 0.20 firmer. Barley turnover
+was light at 47 lots, including 24 cross transactions, while
+the wheat volume totalled 197 lots, of which 81 were self
+trades.
+    Traders said wheat futures continued to trade cautiously
+but old crop values moved higher on short covering interest
+with gains in physicals influencing sentiment. Barley showed
+smaller gains in lighter trading.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3116" NEWID="14133">
+<DATE> 7-APR-1987 11:37:15.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1319&#31;reute
+r f BC-KANSAS-CITY-SHIPMENTS   04-07 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY SHIPMENTS AND RECEIPTS</TITLE>
+<DATELINE> As of April 7  - </DATELINE><BODY>in bushels
+ Truck Receipts
+  Wheat    73,684
+  Corn     17,979
+  Grain
+  Sorghum   4,391
+  Soybns   72,180
+ Truck Shipments
+  Corn      8,000
+ Barge Shipments - None
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3117" NEWID="14134">
+<DATE> 7-APR-1987 11:37:21.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1320&#31;reute
+r f BC-KANSAS-CITY-ELEVATOR   04-07 0054</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+KANSAS CITY ELEVATOR STOCKS
+ In OOOs of bushels as of April 7
+         Today      Change     Yr Ago
+ Wheat   23991      Dn  308    21214
+ Corn     9131      Dn  128     3951
+ Oats        2      Unch          12
+ Grain
+ Sorghum 23085      Up   48    23370
+ Soybns   2557      Up   17     3701
+ Ttl     58767      Dn  372    52249
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3118" NEWID="14135">
+<DATE> 7-APR-1987 11:37:31.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1321&#31;reute
+r f BC-STONE-&lt;STO>-FILES-FOR   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STONE &lt;STO> FILES FOR SECONDARY OFFERING</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Stone Container Corp said it filed a
+registration statement for a secondary offering of 1,933,453
+shares of its common stock.
+    It said the shares and warrants originally were issued to
+Champion International Corp, a holder of 1,633,453 shares of
+Stone common stock and warrants to buy an additional 300,000
+common shares, in connection with the February, 1986
+acquisition by the company of a major portion of Champion's
+Brown Papers System.
+    Stone said it will receive 9.75 mln dlrs from underwriters
+as a result of their exercise of the warrants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3119" NEWID="14136">
+<DATE> 7-APR-1987 11:37:44.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1322&#31;reute
+b f BC-LME-METAL-PM-2ND-RING   04-07 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME METAL PM 2ND RING VOLUMES/PAIDS  - APR 7</TITLE>
+<DATELINE>    COPPER GRADE A - </DATELINE><BODY>Cash easier 3months barely steady 3000
+(Total 6250) about half carries tonnes cash 909.50 3months
+880.00 79.00 78.50 78.00 77.50 78.00 78.50 79.00
+    COPPER STANDARD - Quiet 75 tonnes cash 861.00 3months nil
+LEAD - Steady 2900 (3250) tonnes mainly carries cash 308.00
+3months 301.50
+    ZINC HIGH GRADE - Steady but quiet 750 (2500) tonnes mainly
+carries cash nil 3months nil
+    SILVER LARGE and SILVER SMALL - Nil
+    ALUMINIUM - Barely steady 4650 (7850) tonnes mainly carries
+cash nil 3months 805.50 04.00 03.50
+    NICKEL - quiet nil (216) tonnes mainly carries cash nil
+3months nil
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3120" NEWID="14137">
+<DATE> 7-APR-1987 11:37:52.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ CQ
+&#22;&#22;&#1;f1323&#31;reute
+u f BC-ny-sugar-vol-oi   04-07 0063</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. SUGAR 11 VOL/OPEN INTEREST-APRIL 6
+        VOL     OPEN      CHANGE
+ MAY    4618   33737     up    84
+ JLY    1415   19851     up    34
+ SEP       6     130     up     2
+ OCT    1334   25230     up    18
+ JAN       2      55     up     2
+ Mch     343   11256     up   113
+ MAY       0      58     unch    
+ JLY      51     826     up    45
+Total  7,769  91,143     up   298
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3121" NEWID="14138">
+<DATE> 7-APR-1987 11:38:21.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1326&#31;reute
+r f BC-KANSAS-CITY-CARLOTS-A   04-07 0065</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+KANSAS CITY CARLOTS AS OF April 7
+           Shipments          Receipts
+          Today     Yr Ago    Today   Yr Ago
+ Wheat    133        44         52       4
+ Corn     143        47         16       7
+ Grain
+ Sorghum    5         2         22      --
+ Soybns    28        37         30       7
+ Bran &amp;
+ Shorts    --        --         --      --
+ Flour      2         2         --      --
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3122" NEWID="14139">
+<DATE> 7-APR-1987 11:38:34.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1328&#31;reute
+r f BC-lard-tallow-report   04-07 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPOT LARD, TALLOW, GREASE STEADY</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Spot lard, tallow and grease were
+unchanged in early trading, cash dealers said.
+    Spot Chicago centrifugal process lard in rail cars traded
+at 14.50 cents a lb, unchanged. Edible tallow traded at 14.00
+cents, and inedible bleachable fancy tallow was quoted at 12.50
+cents, both unchanged. Choice white grease (all hog) traded at
+10.50 cents, unchanged.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3123" NEWID="14140">
+<DATE> 7-APR-1987 11:38:45.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1329&#31;reute
+r f BC-BOEING-PROPOSES-WESTL   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING PROPOSES WESTLAND DEAL</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Boeing Co &lt;BA.N> said its Boeing Vertol
+helicopter unit proposed that U.K. Helicopter maker &lt;Westland
+Plc> should build up to a third of all future Chinooks for
+Britain's airforce.
+    A Boeing statement made here said the work would involve up
+to 12,500 man-hours per machine, and solve some of Westland's
+short-term workload problems. It comes amid speculation that
+Britain may pull out of the European EH-101 project, with the
+possibility of up to 2,000 Westland job losses.
+    Westland was rescued last year by United Technologies Corp
+&lt;UTX.N> and Fiat Spa &lt;FIAT.MI>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3124" NEWID="14141">
+<DATE> 7-APR-1987 11:39:05.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1331&#31;reute
+r f BC-ENVIRONMENTAL-POWER-&lt;   04-07 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIRONMENTAL POWER &lt;POWR> GETS CONTRACTS</TITLE>
+<DATELINE>    BOSTON, April 7 - </DATELINE><BODY>Environmental Power Corp said it has
+signed a 50 year contract to sell power from its 12-megawatt
+Allegheny River Lock and Dam Number Seven Project near
+Kittanning, Pa., to Allegheny Power System Inc &lt;AYP>.
+    The company said the project is expected to produce an
+average electrical output of 55 mln kilowatt hours when
+completed and is contingent on Environmental obtaining a
+Federal Energy Regulatory Commission license.
+    The company said it has also signed a 15-year contract to
+sell all power to be generated by 2.6 megawatt hydroelectric
+project at Falls Lake Dame near Raleigh, N.C., to Carolina
+Power and Light Co &lt;CPL>.  The average expected annual
+electrical output is 11 mln kilowatt hours.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3125" NEWID="14142">
+<DATE> 7-APR-1987 11:39:07.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1332&#31;reute
+b f BC-LME-COPPER-KERBS-AFT   04-07 0012</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME COPPER KERBS AFT OPENING - APR 7
+ Copper Grade "A' 3months 878.00 879.00
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3126" NEWID="14143">
+<DATE> 7-APR-1987 11:39:23.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1334&#31;reute
+r f BC-LONE-STAR-&lt;LCE>-SEES   04-07 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONE STAR &lt;LCE> SEES FLAT U.S. CEMENT DEMAND</TITLE>
+<DATELINE>    GREENWICH, Conn., April 7 - </DATELINE><BODY>Lone Star Industries Inc
+expects demand for cement om the U.S. to remain in the 85-90
+mln ton range through 1992, its annual report said.
+    The company said U.S. cement consumption totaled 90.6 mln
+tons last year, up four pct from 1985.
+    Lone Star also said it expects consolidation and
+internationalization of the U.S. cement industry to continue,
+adding foreign companies now own over 50 pct of U.S. capacity.
+    Since 1974, it added, more  than 30 cement plants have
+closed. "In our opinion, the industry's annual cement capacity
+today is, in reality, less than 80 mln tons" a year, it added.
+    Lone Star said the gap between supply and demand is being
+filled by imported cement, which accounted for 18 pct of
+domestic consumption last year, up from four pct ten years ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3127" NEWID="14144">
+<DATE> 7-APR-1987 11:39:44.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1337&#31;reute
+b f BC-ill-cash-s'prod-basis   04-07 0080</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ILLINOIS CASH SOYBEAN PRODUCT BASIS - APRIL 7
+ SPOT RAIL SOYBEAN MEAL
+ (DLRS PER TON)
+ 44-PCT PROTEIN -  4.00 OVER MAY ASKED - UNC
+        DECATUR -  6.00 OVER MAY ASKED - UNC
+        EASTERN -  5.00 OVER MAY ASKED - UNC
+ 48-PCT PROTEIN - 20.00 OVER MAY ASKED - UNC
+        DECATUR - 21.00 OVER MAY ASKED - UP 1.00
+        EASTERN - 18.00 OVER MAY ASKED - UNC
+  SPOT RAIL SOYBEAN OIL
+  (CENTS PER LB)
+ CRUDE - 0.65/0.70 UNDER MAY NOMINAL - UNC
+ UNC - UNCHANGED  NC - NO COMPARISON
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3128" NEWID="14145">
+<DATE> 7-APR-1987 11:40:18.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1340&#31;reute
+u f BC-abms-aluminum-stocks   04-07 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ALUMINUM STOCKS HIGHER IN DECEMBER - ABMS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Total U.S. aluminum stocks held by
+integrated and non-integrated producers and smelters including
+scrap, ingot, metal in process and finished products rose to
+2,470,000 short tons in December from 2,451,000 short tons in
+November, American Bureau Metal Statistics said.
+    Primary production rose to 278,000 tons in December from
+263,000 tons in November. Imports for consumption declined to
+114,000 tons in December from 150,000 tons in November.
+    Net shipments eased to 605,000 tons in December from
+608,000 tons in November. Ingot shipments were 87,000 tons
+versus 99,000 tons, mill products shipments were 435,000 tons
+versus 420,000 tons and casting shipments were 83,000 versus
+89,000.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3129" NEWID="14146">
+<DATE> 7-APR-1987 11:40:28.57</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>malta</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1341&#31;reute
+b f BC-MALTA-TENDERS-FOR-WHI   04-07 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALTA TENDERS FOR WHITE SUGAR TODAY - TRADE</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Malta is tendering to buy 3,000 tonnes
+white sugar today for arrival in two equal parts in May and
+June, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3130" NEWID="14147">
+<DATE> 7-APR-1987 11:40:36.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1342&#31;reute
+u f BC-CALTON-&lt;CN>-OFFERING   04-07 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALTON &lt;CN> OFFERING DECLARED EFFECTIVE</TITLE>
+<DATELINE>    FREEHOLD TOWNSHIP, N.J., April 7 - </DATELINE><BODY>Calton Inc said a
+registration statement was declared effective by the Securities
+and Exchange Commission for the public offering of 2,500,000
+shares of its common at 12-7/8 dlrs a share.
+    Calton said the public offering began today.
+    The offering is being underwritten by Merrill Lynch Capital
+Markets.
+    Calton said it will use the net proceeds, about 12.2 mln
+dlrs, for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3131" NEWID="14148">
+<DATE> 7-APR-1987 11:41:14.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1343&#31;reute
+r f BC-CHILI'S-&lt;CHLI>-FILES   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILI'S &lt;CHLI> FILES FOR CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Chili's Inc said it filed with the
+Securities and Exchange Commission a registration statement
+covering a 35 mln dlr issue of convertible subordinated
+debentures.
+    Net proceeds will be used primarily to retire outstanding
+bank debt, Chili's said.  The remainder will fund capital
+expenditures for additional restaurants and for general
+corporate purposes.  The company currently operates 95
+restaurants in 16 different states.
+    Chili's named Goldman, Sachs and Co and Alex Brown and Sons
+Inc as underwriters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3132" NEWID="14149">
+<DATE> 7-APR-1987 11:41:21.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1344&#31;reute
+b f BC-GOTTHARD-BANK-SELLS-W   04-07 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOTTHARD BANK SELLS WARRANTS INTO DAINIPPON INK</TITLE>
+<DATELINE>    LUGANO, Switzerland, April 7 - </DATELINE><BODY>Gotthard Bank said it is
+selling 65,000 covered warrants at 255 Swiss francs each
+exercisable into shares of Dainippon Ink and Chemicals Inc.
+     Each warrant entitles the holder to buy 100 shares in the
+company in the period from May 15, 1987 until August 13, 1993
+at an exercise price of 505 yen per share. The shares closed
+today at 700 yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3133" NEWID="14150">
+<DATE> 7-APR-1987 11:41:25.97</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1345&#31;reute
+f f BC-******FED-SETS-TWO-DA   04-07 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS TWO-DAY SYSTEM REPURCHASES, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3134" NEWID="14151">
+<DATE> 7-APR-1987 11:41:33.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1346&#31;reute
+r f BC-ALIAS-RESEARCH-IN-CAP   04-07 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALIAS RESEARCH IN CAPITAL JOINT VENTURE</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>&lt;Alias Research Inc> said it entered
+into a four mln dlr joint venture capital investment with
+several firms led by &lt;TA Associates> of Boston.
+    Joining TA Associates are &lt;Greylock Management Corp>, and
+&lt;Crownx> of Toronto, Alias said.
+    Alias, which develops 3D computer graphics software, said
+the investment capital will be used to support ongoing research
+and development and to extend worldwide marketing  initiatives.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3135" NEWID="14152">
+<DATE> 7-APR-1987 11:41:41.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1347&#31;reute
+u f BC-NYSE-INDEX-AT-1130   04-07 0006</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE INDEX AT 1130
+
+ 208.67 UP  1.19
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3136" NEWID="14153">
+<DATE> 7-APR-1987 11:41:48.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1348&#31;reute
+r f BC-EMERY-AIR-&lt;EAF>-MARCH   04-07 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMERY AIR &lt;EAF> MARCH SHIPMENTS RISE</TITLE>
+<DATELINE>    WILTON, Conn., April 7 - </DATELINE><BODY>emery Air Freight Corp said March
+shipments were up 19 pct to 1,349,000 from 1,134,000 a year
+earlier and weight was up 27 pct to 61.4 mln pounds from 48.4
+mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3137" NEWID="14154">
+<DATE> 7-APR-1987 11:41:53.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1349&#31;reute
+r f BC-CORROON-AND-BLACK-&lt;CB   04-07 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORROON AND BLACK &lt;CBL> COMPLETE ACQUISITION</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Corroon and Black Corp said it
+completed the acuqisition of &lt;Contractors Planning Group Inc>
+in an exchange of shares.
+    Contractors is headquartered in Garden City, N.Y., and has
+branch offices in Philadelphia, Boston, and Cheshire, Conn.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3138" NEWID="14155">
+<DATE> 7-APR-1987 11:41:56.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1350&#31;reute
+u f BC-LONDON-SUGAR-NON-TRAN   04-07 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SUGAR NON-TRANSFERABLE OPTIONS - APR 7
+ MTH   TYPE     STRIKE PRICE   PREMIUM  VOLUME
+ MORNING BUSINESS
+ Nil.
+ AFTERNOON BUSINESS
+ Nil.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3139" NEWID="14156">
+<DATE> 7-APR-1987 11:42:11.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1351&#31;reute
+h f BC-COLONIAL-&lt;CLBGA>-TO-A   04-07 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLONIAL &lt;CLBGA> TO ACQUIRE PENSACOLA BANK</TITLE>
+<DATELINE>    MONTGOMERY, Ala., April 7 - </DATELINE><BODY>Colonial BancGroup said it and
+The Liberty Bank of Pensacola, Fla., signed a letter of intent
+for Colonial to acquire Liberty.
+    Terms of the acquisition were not dislcosed.
+    Colonial said the acquisition was its first move toward
+acquiring and out-of-state bank under Alabama's regional
+interstate banking law.
+    Liberty has total assets of 35 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3140" NEWID="14157">
+<DATE> 7-APR-1987 11:42:24.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1352&#31;reute
+u f BC-KANSAS-CITY-WHEAT-MAR   04-07 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY WHEAT MARGINALLY FIRMER AT MIDDAY</TITLE>
+<DATELINE>    KANSAS CITY, April 7 - </DATELINE><BODY>Hard wheat futures traded 1/4 cent
+higher to steady in light midsession trading as firm Chicago
+wheat futures and hopes for new export sales this week lent
+support, traders said. May stood 1/4 cent higher at 2.74 dlrs.
+    Trading was light with little fresh direction in the
+market. Traders awaited results on Jordan's Export Bonus tender
+for hard wheat and Egypt's tender this week for flour.
+    Staley bought July and the July/December spread traded at
+7-1/2 cents, pit brokers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3141" NEWID="14158">
+<DATE> 7-APR-1987 11:42:28.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1353&#31;reute
+u f BC-LONDON-METAL-SPOTS-CL   04-07 0054</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON METAL SPOTS CLOSING - APR 7
+ All Stg per tonne dlvd UK byrs unless stated.
+ Brass Rods 131.00 per 100 kilos
+ Copper Sheets 1990.50
+ Copper Wire 146.95 per 100 kilos fob London
+ Copper Coils 146.30 per 100 kilos fob London
+ Lead Scrap 244.00 dlvd London/S.Counties
+ Red Lead 555.00 fob UK
+ White Lead Dry 735.00 fob UK.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3142" NEWID="14159">
+<DATE> 7-APR-1987 11:42:35.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1354&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 11:40   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7     273            OFF     1
+ JUL7     262            OFF     1
+ SEP7 265 1/2            UP    1/4
+ DEC7 269 3/4            OFF     1
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7 284 1/2            UP      1
+ JUL7     281            UP    1/4
+ SEP7     277            UP      1
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3143" NEWID="14160">
+<DATE> 7-APR-1987 11:42:38.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1355&#31;reute
+u f BC-ST-JOSEPH-HOGS-UP-1.0   04-07 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST JOSEPH HOGS UP 1.00/1.50 DLR - USDA</TITLE>
+<DATELINE>    st joseph, april 7 - </DATELINE><BODY>barrow and gilt prices rose 1.00 to
+1.50 dlr, the usda said. us 1-3 215-260 lbs 51.00-51.50.
+    sows - up 1.00 dlr. us 1-3 500-650 lbs 46.50-47.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3144" NEWID="14161">
+<DATE> 7-APR-1987 11:42:51.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f1357&#31;reute
+u f BC-iowa-s-minn-hog-rcpts   04-07 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+**<TITLE>Ia-So Minn direct hogs estimated rcpts 80,000 vs actual week ago 85,000 and actual year ago 72,000.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3145" NEWID="14162">
+<DATE> 7-APR-1987 11:43:00.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1358&#31;reute
+u f BC-CBT-11-40-EDT   04-07 0106</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 11:40 EDT
+WHEAT
+MAY7  286 1/2 UP   1/4
+JUL7  271 3/4 OFF 1
+SEP7  272 3/4 OFF  1/4
+DEC7  278 UNCH
+MAR8  277 OFF  1/4
+CORN
+MAY7  160 UP  1 3/4
+JUL7  163 3/4 UP  2
+SEP7  168 1/2 UP  2 1/4
+DEC7  177 UP  2 1/4
+MAR8  183 3/4 UP  2
+OATS
+MAY7  149 OFF 1
+JUL7  138 1/2 UNCH
+SEP7  128 1/4 UNCH
+DEC7  134 UNCH
+MAR8 UNTRD
+BEANS
+MAY7  502 UP  2 1/4
+JUL7  503 UP  2 3/4
+AUG7  503 UP  3 1/2
+SEP7  497 3/4 UP  3 3/4
+NOV7  500 1/4 UP  4 1/4
+JAN8  506 3/4 UP  4 1/4
+MEAL
+MAY7  1457 UP  4
+JUL7  1457 UP  6
+AUG7  1457 UP  7
+SEP7  1460 UP  9
+OCT7  1460 UP  9
+OIL
+MAY7  1556 UP  13
+JUL7  1590 UP  12
+AUG7  1606 UP  11
+SEP7  1624 UP  13
+OCT7  1642 UP  17
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3146" NEWID="14163">
+<DATE> 7-APR-1987 11:43:06.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1359&#31;reute
+u f BC-ohio-direct-hogs   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OHIO DIRECT HOGS UP 1.00 DLR - USDA</TITLE>
+<DATELINE>    COLUMBUS, April 7 - </DATELINE><BODY>Barrow and gilt prices gained 1.00 dlr
+on moderate to good demand. Top 51.25 dlrs per cwt.
+                COUNTRY         AT PLANT
+ U.S. 1-2 210-240  49.25-50.00  50.00-51.25
+ U.S. 1-3 240-260  48.25-49.00  49.00-50.25
+ actual receipts yesterday       10,800
+ estimated receipts today         6,500
+ actual week ago                  8,800
+ actual year ago                  9,100
+ week to date estimates          17,300
+ actuals week ago                18,400
+ actuals year ago                19,100
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3147" NEWID="14164">
+<DATE> 7-APR-1987 11:43:12.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f1360&#31;reute
+r f BC-ONTARIO-TREASURY-BILL   04-07 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONTARIO TREASURY BILL YIELD RISES</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>This week's Ontario government auction
+of 50 mln dlrs worth of 91-day treasury bills yielded an
+average of 6.91 pct, up from 6.87 pct last week, a treasury
+department spokesman said. Average price was 98.307.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3148" NEWID="14165">
+<DATE> 7-APR-1987 11:43:16.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1361&#31;reute
+w f BC-UNIVERSITY-&lt;UPT>-REPO   04-07 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSITY &lt;UPT> REPORTS MARCH LENS SALE</TITLE>
+<DATELINE>    WESTPORT, Conn., April 7 - </DATELINE><BODY>University Patents Inc said its
+optical products subsidiary sold 5,652 Alges soft bifocal
+contact lenses in March, after allowances for exchanges and
+returns.
+    The lenses were approved for marketing in April 1986 by the
+Food and Drug Administration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3149" NEWID="14166">
+<DATE> 7-APR-1987 11:43:20.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1362&#31;reute
+s f BC-SUPER-RITE-FOODS-INC   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPER RITE FOODS INC &lt;SRFI> SETS QTRLY PAYOUT</TITLE>
+<DATELINE>    HARRISBURG, Pa., April 7 -
+    </DATELINE><BODY>Qtrly div five cts vs five cts prior
+    Pay April 27
+    Record April 20
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3150" NEWID="14167">
+<DATE> 7-APR-1987 11:43:23.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1363&#31;reute
+u f BC-KANSAS-CITY-HOGS-UP-1   04-07 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY HOGS UP 1.50 DLR - USDA</TITLE>
+<DATELINE>    kansas city, april 7 - </DATELINE><BODY>barrow and gilt prices rose 1.50
+dlr, the usda said. us 1-3 210-260 lbs 51.00-51.50.
+    sows - up 1.00/1.50 dlr. us 1-3 300-600 lbs 46.00-46.50.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3151" NEWID="14168">
+<DATE> 7-APR-1987 11:43:27.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1364&#31;reute
+s f BC-MILTON-ROY-CO-&lt;MRC>-S   04-07 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILTON ROY CO &lt;MRC> SETS QUARTERLY</TITLE>
+<DATELINE>    ST. PETERSBURG, Fla., April 7 -
+    </DATELINE><BODY>Qtly div 11 cts vs 11 cts prior
+    Pay June 15
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3152" NEWID="14169">
+<DATE> 7-APR-1987 11:43:33.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1365&#31;reute
+u f BC-JOLIET-HOGS-UP-1.00-D   04-07 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOLIET HOGS UP 1.00 DLR - USDA</TITLE>
+<DATELINE>    joliet, april 7 - </DATELINE><BODY>barrow and gilt prices rose 1.00 dlr in
+moderately active trade, usda said. us 1-3 230-240 lbs 51.50.
+    sows - none.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3153" NEWID="14170">
+<DATE> 7-APR-1987 11:43:42.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ CQ
+&#22;&#22;&#1;f1366&#31;reute
+u f BC-ny-coffee-opg-summary   04-07 0062</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. COFFEE C VOL/OPEN INT APRIL 6
+      VOL       OPEN    CHANGE
+ MAY  1414       6619    off  340
+ JLY  1199       5789    up    51
+ SEP   289       4029    up     6
+ Dec   310       2489    up    45
+ MCH    11        347    up     4
+ MAY     9         61    off    5
+ JLY     2         73    unch    
+ Sep     0          2    up     1
+Total 3,234     19409    off  238
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3154" NEWID="14171">
+<DATE> 7-APR-1987 11:44:02.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L C
+&#22;&#22;&#1;f1367&#31;reute
+u f BC-INDIANA-DIRECT-HOGS-U   04-07 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIANA DIRECT HOGS UP 1.00/1.50 DLR - USDA</TITLE>
+<DATELINE>    indianapolis, april 7 - </DATELINE><BODY>barrows and gilt rose 1.00 to 1.50
+dlr amid good demand, the usda said. top 51.00 dlrs per cwt.
+    us 1-2 210-250 lbs 50.00-50.75, few 51.00.
+    us 1-3 210-250 lbs 49.50-50.25 and 250-260 lbs 48.50-49.75.
+    sows - steady/up 1.00 dlr.
+    us 1-3 500-650 lbs 41.00-45.00, few 46.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3155" NEWID="14172">
+<DATE> 7-APR-1987 11:44:12.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;LQ
+&#22;&#22;&#1;f1368&#31;reute
+r f BC-hogs-for-sltr-7-mkts   04-07 0062</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+HOGS PURCHASED FOR SLAUGHTER - 7 MARKETS - 4/7
+               NUMBER  AVERAGE AVERAGE
+                       WEIGHT  COST
+ Barrows/Gilts 50,090   243    49.34
+ Week Ago      52,735   243    49.17
+ Year Ago      65,275   243    40.25
+ Sows           7,549   476    44.48
+ Week Ago       7,242   476    43.63
+ Year Ago       8,997   465    40.18
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3156" NEWID="14173">
+<DATE> 7-APR-1987 11:44:20.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1369&#31;reute
+d f BC-DELTA-AIR-&lt;DAL>-TO-EX   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTA AIR &lt;DAL> TO EXPAND PASSENGER TERMINAL</TITLE>
+<DATELINE>    DALLAS, April 7 - </DATELINE><BODY>Delta Air Lines Inc said it began
+construction to expand its passenger terminal facilities at
+Dallas/Fort Worth International Airport.
+    Adding a new nine-gate terminal that will be connected to
+Delta's existing terminal by an underground tunnel will cost
+about 20 mln dlrs, a Delta spokesman said.
+    The carrier will have a total of 32 gates, up from the
+current 23, when the terminal is completed in late 1988.
+    With the new "satellite" terminal, Delta will be able to
+expand to more than 300 daily flights at the airport, up from
+about 200 currently, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3157" NEWID="14174">
+<DATE> 7-APR-1987 11:44:26.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1370&#31;reute
+u f BC-LONDON-STRATEGIC-META   04-07 0073</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON STRATEGIC METALS - APR 7
+ In US dlrs warehouse rdm unless stated.
+ Aluminium ingots 99.7 pct 1425 1445 a tonne
+ Antimony 99.6 pct 2300 2350 a tonne
+ Bismuth 99.99 pct 2.05 2.15 a lb
+ Cadmium 99.95pct ingots/sticks 0.90 0.93 a lb
+ Chrome metal 99.0 pct 2.45 2.55 a lb
+ Cobalt broken cathodes 5.95 6.15 a lb
+ Gallium ingots 99.9 pct 385 405 a kilo
+ Germanium metal 50 ohm/centimetre 575 625
+ dioxide 99.99 pct 430 495 both a kilo
+ Indium ingots 99.97 pct 135 145
+ Iridium 360 380 a troy ounce
+ Manganese ferro 75/76 pct 310 320
+ metal 99.7 pct 1680 1720 both a tonne
+ Mercury 210 230 a flask of 76 lbs net
+ Molybdenum ferro 7.80 8.00 a kilo oxide 57pct
+ 3.05 3.10 a lb both ex-european warehouse
+ Nickel 99.5 accdg spec 1.725 1.925 a lb
+ Rhodium 1215 1230 a troy ounce
+ Ruthenium 72 74 a troy ounce
+ Selenium 99.5 pct 4.80 5.20 a lb
+ Silicon lumps 98.5 pct 1140 1190 a tonne
+ Tantalite ore 25/40 pct 18 22 per lb cif
+ N.E.Ports
+ Titanium sponge 99.6 pct 3.80 4.20 a kilo
+ Vanadium ferro 60 pct 13.30 13.50 a kilo
+ pentoxide (v2o5) 98 pct 2.50 2.54 a lb.
+ Wolframore min 65 pct 49 54 noml a tonne unit
+ cif europe. REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3158" NEWID="14175">
+<DATE> 7-APR-1987 11:44:52.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1371&#31;reute
+u f BC-DOLLAR-STEADY-IN-LATE   04-07 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR STEADY IN LATE PARIS TRADING</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>The dollar was steady on the day but
+slightly down on yesterday's late range in very quiet trading
+with operators generally opting for caution ahead of this
+week's monetary meetings in Washington, dealers said.
+    The dollar was quoted at a late 6.0640/70 francs after a
+fix at 6.0620, an early 6.0565/90 and yesterday's late
+6.0710/30.
+    The mark was quoted at a late 332.69/71 francs per 100
+after a fix at 332.70, an early 332.72/75 and last night's
+332.70/72 range.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3159" NEWID="14176">
+<DATE> 7-APR-1987 11:44:57.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1372&#31;reute
+u f BC-PRS-PARIS-COCOA-CLSG   04-07 0037</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS COCOA CLSG - APR 07
+ May 1230/1255 ba
+ Jul 1260 BID
+ Sep 1290 BID
+ Dec 1310 BID
+ Mar 1338/1345 ba
+ May 1350 BID
+ Jul 1365 BID
+ Sales at call NIL accumulative total 25
+ Yesterday's official turnover: NIL
+ BARELY STEADY
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3160" NEWID="14177">
+<DATE> 7-APR-1987 11:45:06.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1373&#31;reute
+d f BC-goldsil-and-golden-ru   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDSIL AND GOLDEN RULE AGREE TO MERGE</TITLE>
+<DATELINE>    Calgary, Alberta, April 7 - </DATELINE><BODY>&lt;Golden Rule Resources Ltd> and
+Goldsil Resources Ltd said they had agreed to merge.
+    The merged company will issue to each Golden Rule
+shareholder 1-1/2 shares and one warrant. The warrant will be
+for a term of two years. Payment of 3.10 dlrs and delivery of
+two warrants will entitle the shareholder to one additional
+share of the merged company, the companies said.
+    Each Goldsil shareholder will receive one share and
+one-half warrant. The warrant will be for a term of two years.
+Payment of 3.10 dlrs and delivery of two warrants will entitle
+the shareholder to one additional share of the merged company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3161" NEWID="14178">
+<DATE> 7-APR-1987 11:46:24.49</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1375&#31;reute
+b f BC-/-FED-SETS-TWO-DAY-SY   04-07 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED SETS TWO-DAY SYSTEM REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>The Federal Reserve entered the
+government securities market to arrange two-day repurchase
+agreements for system account, a spokeswoman for the New York
+Fed said.
+    Fed funds were trading at 6-1/8 pct at the time of the
+direct injection of temporary reserves, dealers said.
+    Most economists had expected a less aggressive injection of
+reserves via customer repurchase agreements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3162" NEWID="14179">
+<DATE> 7-APR-1987 11:47:15.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1377&#31;reute
+u f BC-CME-11-45--EDT   04-07 0052</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME 11:45  EDT
+
+L-CATTLE
+APR7  69.65 UP  0.25
+JUN7  65.07 UP  0.05
+AUG7  60.87 UNCH
+F-CATTLE
+APR7  69.15 UP  0.05
+MAY7  68.25 UP  0.03
+AUG7  66.50 UP  0.10
+HOGS
+APR7  50.35 UP  0.53
+JUN7  49.00 UP  0.53
+JUL7  47.05 UP  0.18
+BELLIES
+MAY7  66.55 UP  0.15
+JUL7  64.95 UP  0.10
+AUG7  61.95 UP  0.35
+FEB8  56.20 UP  0.60
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3163" NEWID="14180">
+<DATE> 7-APR-1987 11:47:36.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1378&#31;reute
+d f BC-COLONIAL-BANCGROUP-IN   04-07 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLONIAL BANCGROUP INC &lt;CLBGA> 1ST QTR NET</TITLE>
+<DATELINE>    MONTGOMERY, Ala., April 7 -
+    </DATELINE><BODY>Shr 25 cts vs 55 cts
+    Net 1.3 mln vs 2,460,000
+    NOTE: 1987 1st qtr includes loan write-offs at banking
+subsidiary, The Colonial Bank of Mobile, due to loan losses, of
+1.3 mln dlrs or 25 cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3164" NEWID="14181">
+<DATE> 7-APR-1987 11:47:56.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ CQ
+&#22;&#22;&#1;f1379&#31;reute
+u f BC-ny-cocoa-vol-oi   04-07 0055</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COCOA VOL/OPEN INTEREST FOR APRIL 6
+       VOL       OPEN   CHANGE
+ MAY    820      4664   off  462
+ JLY   1081      8581   up   350
+ Sep     39      3435   up     3
+ DEC     63      4420   off   34
+ Mch      0      1124   unch    
+ May      0       209   unch    
+total  2003     22433   off  143
+                             
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3165" NEWID="14182">
+<DATE> 7-APR-1987 11:48:03.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1380&#31;reute
+f f BC-******   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Dresdner to propose 1986 dividend 10 marks vs same, one-for-18 bonus share issue
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3166" NEWID="14183">
+<DATE> 7-APR-1987 11:48:24.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1381&#31;reute
+u f BC-LONDON-OILS/SEEDS-CLO   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON OILS/SEEDS CLOSE QUIETLY MIXED</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Oils and oilseeds traded quietly this
+afternoon and price movements were marginally mixed.
+    Dutch soyoil showed small gains with support coming from
+early mark-ups in Chicago soyoil futures.
+    Firm Argentine markets maintained levels in the
+sunflowerseed oil section but palm oil tended to move off early
+highs due to lack of buying support and the reported rejection
+of rbd oil offers by Pakistan at its tender today.
+    Demand for coconut oil and palm kernel oil faded and here
+again early gains were pared.
+    Dutch soyoil traded at 65.50 guilders for May, rising to 71
+for Nov/Jan deliveries ex-mill while any origin sunflowerseed
+oil sold at 346.50 dlrs for May/Jul and 357.50 for Aug/Oct call
+ex-tank Rotterdam.
+    No fresh trade was reported for coconut oil or palm kernel
+oil and palm oil also met an idle afternoon.
+    Among oilseeds, April deliveries of U.K. Rapeseed traded to
+Boston, U.K. East coast, at 297 stg per tonne.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3167" NEWID="14184">
+<DATE> 7-APR-1987 11:49:27.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1383&#31;reute
+u f BC-WALL-STREET-STOCKS/AU   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/AUTOMAKERS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Shares of Detroit automakers rose
+sharply in active trading as investors scrambled to accumulate
+the stocks in anticipation of postive announcements by Ford
+Motor Co &lt;F> and General Motors Corp &lt;GM> at meetings to be
+held at the end of the week, traders said.
+    General Motors gained two points to 83-1/2 and Ford one to
+91-1/8. Chrysler Corp &lt;C>, which is not expected to make any
+major announcements this week, rose 1/4 to 58-1/2.
+    "There is a little mystery coming at the end of the week
+for the automakers," one trader said, "and in a bull market,
+investors don't mind the mystery so much."
+    Yesterday, GM's stock climbed 1-3/4 points on expectations
+that the company might disclose some bullish news at a meeting
+before analysts on April 9-10. A GM spokesman had no comment on
+the meeting.
+    GM chairman Roger Smith is expected to attend the meeting,
+along with GM president James McDonald and other senior GM
+executives.
+     "The stock could be moving up just on the proximity of the
+meeting, thinking GM will say something positive," analyst
+Philip Fricke of Goldman Sachs said.
+    Though he maintains a buy recommendation on GM, Fricke said
+he cut 1987 earnings estimates for the company by 50 cts a
+share to 7.30 dlrs a share because of the costs of incentive
+programs. The company earned 8.21 dlrs a share in 1986.
+     Monday, Ford closed 2-5/8 points higher as rumors
+circulated that the company would announce a higher dividend
+and a three-for-two stock split at it Thursday board meeting.
+     A Ford spokesman said, "it is likely they will have a
+dividend announcement." He said it is a board policy to make a
+dividend announcement at the first board meeting of the
+quarter, but he would not comment on any plans for a change in
+the dividend or a stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3168" NEWID="14185">
+<DATE> 7-APR-1987 11:49:32.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1384&#31;reute
+r f BC-LONDON-SOYBEANMEAL-CL   04-07 0036</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SOYBEANMEAL CLOSING - APR 7
+ APR 120.0 121.5 nil
+ JUN 115.5 115.9 nil
+ AUG 111.7 111.9 111.5 111.5 15
+ OCT 112.5 113.0 112.5 112.5 45
+ DEC 115.0 116.0 nil
+ FEB 119.0 119.5 119.0 119.0 25
+ APR 120.0 122.2 nil
+ 85
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3169" NEWID="14186">
+<DATE> 7-APR-1987 11:50:14.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1385&#31;reute
+u f BC-U.S.-CORN-PRODUCT-PRI   04-07 0109</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. CORN PRODUCT PRICES - APRIL 7
+    (IN DLRS PER TON, SPOT UNLESS SPECIFIED)
+    CHICAGO, FOB EAST
+ GLUTEN FEED 21 PCT BULK APRIL - 100.00 - UNC
+                 PELLETS APRIL - 104.00 - UNC
+ GLUTEN MEAL 60 PCT BULK APRIL - 230.00 - UP 10.00
+  CIF GULF GLUTEN FEED PELLETS
+                  APRIL - 110.00B/115.00A -
+                                   UP 3.00/5.00
+    DECATUR, ILL.
+ GLUTEN FEED 21 PCT PELLETS  - 100.00 - UNC
+ GLUTEN MEAL 60 PCT BULK     - 220.00 - UNC
+    CEDAR RAPIDS, IOWA
+ GLUTEN FEED 21 PCT PELLETS  - 100.00 - UNC
+ GLUTEN MEAL 60 PCT BULK     - 220.00 - UNC
+ NC - NO COMPARISON UA - UNAVAILABLE N - NOMINAL
+ A - ASKED  B - BID
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3170" NEWID="14187">
+<DATE> 7-APR-1987 11:50:25.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1386&#31;reute
+u f BC-ST-PAUL-CATTLE-UP-1.0   04-07 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST PAUL CATTLE UP 1.00/1.50 DLR - USDA</TITLE>
+<DATELINE>    st paul, april 7 - </DATELINE><BODY>slaughter cattle rose 1.00 to 1.50 dlr
+in active trade, the usda said.
+    steers - choice 2-4 1050-1325 lbs 64.50-66.30.
+    heifers - choice 2-4 975-1200 lbs 63.00-65.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3171" NEWID="14188">
+<DATE> 7-APR-1987 11:50:54.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1388&#31;reute
+u f BC-ST-PAUL-HOGS-UP-1.00/   04-07 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST PAUL HOGS UP 1.00/2.00 DLRS - USDA</TITLE>
+<DATELINE>    st paul, april 7 - </DATELINE><BODY>barrow and gilt prices rose 1.00 to 2.00
+dlrs in very active trade amid broad demand, the usda said. top
+52.50 dlrs per cwt.
+    us 1-3 220-260 lbs 51.00-52.50.
+    sows - up 0.50/1.50 dlr. us 1-3 500-650 lbs 46.50-47.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3172" NEWID="14189">
+<DATE> 7-APR-1987 11:51:14.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1390&#31;reute
+u f BC-EUROPEAN-SOY/FEED-AFT   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN SOY/FEED AFTERNOON GENERALLY ACTIVE</TITLE>
+<DATELINE>    ROTTERDAM, April 7 - </DATELINE><BODY>The cif Rotterdam meals and feeds
+market was generally active this afternoon after a quiet
+morning as consumers stepped in to cover short positions, the
+dollar remained steady and Chicago rallied, market sources
+said.
+    Business was concentrated mainly in the afloat and nearby
+positions, with particular emphasis on South American soymeal
+pellets, although other products too traded actively.
+    Brazilian soymeal pellets traded afloat at up to 202.50
+dlrs a tonne cif Ghent, with Mch at 191 cif Ghent, Apl at
+185.50 dlrs, with May/Sep and Jne both at 181 dlrs cif Ghent.
+    Argentine soymeal pellets traded afloat at up to 197 dlrs a
+tonne, with May/Sep at up to 176 dlrs a tonne cif Ghent.
+    US high protein soymeal traded afloat at 209 dlrs a tonne.
+    Cornglutenfeed pellets traded afloat at up to 138 dlrs a
+tonne, with Mch at 135 dlrs, Apl at 130 dlrs, and May/Aug at
+down to 127.50 dlrs.
+    Thai tapioca hard pellets traded afloat at 27.50 Marks per
+100 kilos fob, with May/Jne at 26.75, Oct/Dec at 27, Jan/Jne
+1988 at 25 Marks, and Jan/Dec 1988 at 25.25 Marks.
+    Sunmeal pellets traded afloat at 121 dlrs a tonne, with Apl
+at up to 115 dlrs.
+    Citruspulp pellets traded afloat at up to 130 dlrs a tonne,
+while linseed expellers traded afloat at up to 160 dlrs.
+    Palm expellers changed hands afloat at up to 118.50 dlrs a
+tonne, with Mch/Apl at 110 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3173" NEWID="14190">
+<DATE> 7-APR-1987 11:52:11.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1391&#31;reute
+u f BC-soyprods-cash-mkt   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASH SOYMEAL BASIS STEADY IN INCREASED TRADE</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Midwest cash soybean meal basis values
+were steady, with more active trade beginning to emerge, soy
+product dealers said.
+    With crush margins at unfavorable levels, processors in
+Indiana, South Carolina and Tennessee are cutting back
+operations and preparing to take downtime, they said.
+    Demand from the eastern market was steady following the
+increase that emerged after the weekend snowstorm, while the
+export market appeared to be cooling off, they said.
+    Soyoil trade continued in the doldrums, with offers
+unchanged, but could turn active if crushers continue taking
+substantial downtime, dealers said.
+    Spot Illinois rail 44 pct protein soybean meal was offered
+at 4.00 dlrs over May, with Decatur unrestricted at 6.00 over,
+and eastern delivery 5.00 over, all unchanged.
+    Prompt Illinois rail 48 pct protein soymeal was offered at
+20.00 over, unchanged, with Decatur unrestricted at 21.00 over,
+up 1.00. Eastern delivery was quoted at 18.00 over, unchanged.
+    Truck-delivered soymeal also held steady, with Danville,
+Illinois quoted at 8.00 and 24.00 dlrs over for 44 and 48 pct
+respectively.
+    Spot central Illinois soybean oil was quoted at 0.65 to
+0.70 cent per lb under May nominal, unchanged.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3174" NEWID="14191">
+<DATE> 7-APR-1987 11:52:17.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1392&#31;reute
+b f BC-LONDON-SUGAR-NO.6-FOB   04-07 0049</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SUGAR NO.6 FOB 1640 - APR 7
+ MTH  BYR   SLR  HIGH   LOW  SALES
+ May 150.8 151.0 152.0 147.0 1236
+ Aug 154.6 154.8 155.8 152.0  452
+ Oct 159.4 159.8 160.0 155.6 1565
+ Dec 161.6 163.0 163.0 161.0   54
+ Mar 167.0 167.6 167.0 164.2   64
+ May 169.0 171.0 nil
+ Aug 173.0 174.0 nil
+ TOTAL SALES 3371
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3175" NEWID="14192">
+<DATE> 7-APR-1987 11:52:25.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1393&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 11:50   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7     273            OFF     1
+ JUL7 261 1/2            OFF 1 1/2
+ SEP7 263 3/4            OFF 1 1/2
+ DEC7 269 3/4            OFF     1
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7 284 1/4            UP    3/4
+ JUL7 280 3/4            UNCH
+ SEP7 276 1/2            UP    1/2
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3176" NEWID="14193">
+<DATE> 7-APR-1987 11:52:35.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1394&#31;reute
+u f BC-CBT-11-50-EDT   04-07 0109</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 11:50 EDT
+WHEAT
+MAY7  286 1/2 UP   1/4
+JUL7  271 3/4 OFF 1
+SEP7  272 1/2 OFF  1/2
+DEC7  277 3/4 OFF  1/4
+MAR8  277 1/4 UNCH
+CORN
+MAY7  160 UP  1 3/4
+JUL7  163 3/4 UP  2
+SEP7  168 3/4 UP  2 1/2
+DEC7  177 UP  2 1/4
+MAR8  184 1/4 UP  2 1/2
+OATS
+MAY7  149 1/4 OFF  3/4
+JUL7  138 1/2 UNCH
+SEP7  129 UP   3/4
+DEC7  134 UNCH
+MAR8 UNTRD
+BEANS
+MAY7  502 1/4 UP  2 1/2
+JUL7  503 UP  2 3/4
+AUG7  503 1/4 UP  3 3/4
+SEP7  498 UP  4
+NOV7  500 1/4 UP  4 1/4
+JAN8  507 UP  4 1/2
+MEAL
+MAY7  1459 UP  6
+JUL7  1459 UP  8
+AUG7  1460 UP  10
+SEP7  1462 UP  11
+OCT7  1462 UP  11
+OIL
+MAY7  1555 UP  12
+JUL7  1590 UP  12
+AUG7  1606 UP  11
+SEP7  1624 UP  13
+OCT7  1638 UP  13
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3177" NEWID="14194">
+<DATE> 7-APR-1987 11:52:45.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1396&#31;reute
+u f BC-LONDON-SUGAR-TRADED-O   04-07 0009</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SUGAR TRADED OPTION QUOTES - APR 7
+    Unquoted.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3178" NEWID="14195">
+<DATE> 7-APR-1987 11:52:53.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1397&#31;reute
+r f BC-BROWNING-FERRIS-&lt;BFI>   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWNING-FERRIS &lt;BFI> UNIT SEEKS WASTE PERMIT</TITLE>
+<DATELINE>    HOUSTON, April 7 - </DATELINE><BODY>Browning-Ferris Industries Inc said its
+subsidiary, CECOS International Inc, said it intends to seek a
+permit to install an incinerator for burning hazardous wastes
+at a site in southwest Jefferson County in Kentucky.
+    In a related matter, CECOS said it will acquire &lt;BT Energy>
+and its assets contingent on CECOS receiving the permit, it
+said.
+    BT Energy already has a permit to treat and store
+industrial and chemical wastes and has been providing services
+to the Jefferson County area for 13 years, CECOS said.
+    The application will be submitted in July and will require
+about one year for reviews and hearings before construction of
+the plant could start, CECOS said.
+    The cost of the project is estimated to be approximately 30
+mln dlrs, CECOS said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3179" NEWID="14196">
+<DATE> 7-APR-1987 11:53:02.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1398&#31;reute
+r f BC-LONDON-SOYMEAL-FUTURE   04-07 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SOYMEAL FUTURES CLOSE QUIETLY MIXED</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Soymeal futures closed 0.15 stg per tonne
+firmer to 0.25 easier in a light turnover of 85 lots.
+    Traders said firm sterling against the dollar depressed
+values intially but the market steadied in the late afternoon
+with early gains in Chicago meal futures influencing sentiment.
+    Light dealings mainly involved trade selling and
+speculative buying.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3180" NEWID="14197">
+<DATE> 7-APR-1987 11:54:16.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1399&#31;reute
+f f BC-******WHITE-HOUSE-SAY   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE SAYS A.I.D. CHIEF PETER MCPHERSON TO BE DEPUTY TREASURY SECRETARY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3181" NEWID="14198">
+<DATE> 7-APR-1987 11:54:20.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1400&#31;reute
+u f BC-LONDON-RUBBER-PHYSICA   04-07 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON RUBBER PHYSICALS CLOSING - APR 7
+ pence per kilo
+ No.1 RSS
+ SPOT 60.00 61.00
+ May 61.50 62.50 Jun 61.00 62.00
+ No.2 RSS
+ May 57.50 58.50 Jun unquoted
+ No.3 RSS
+ May 56.00 57.00 Jun unquoted
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3182" NEWID="14199">
+<DATE> 7-APR-1987 11:54:31.63</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1401&#31;reute
+u f BC-JAPAN-CUTS-CHIP-SUPPL   04-07 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CUTS CHIP SUPPLY, MAY PRODUCE SHORTAGE</TITLE>
+<AUTHOR>    By Sam Fromartz, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Japan is attempting to cut back
+semiconductor production to forstall the 300 mln dlrs in U.S.
+tariffs on Japanese electronic goods set to take effect April
+17, industry analysts said.
+    The move is likely to create a sharp price rise and a
+possible shortage of the key computer components in the next
+few weeks, the analysts said.
+    "Prices have gone up for memory components, the mainstay of
+the Japanese semiconductor industry," analyst Drew Peck of
+Donaldson Lufkin and Jenrette said.
+    But analysts said the price rises have been slight so far,
+and some questioned whether Japan would be successful in
+forcing Japanese companies to cut production in the long run.
+    Others, however, were more optimistic, saying evidence was
+already in hand that Japan has cut back prodution and halted
+sales to the grey market, the third country brokers that sell
+chips at below production costs.
+    "We've seen the grey market begin to dry up for D-RAMS, and
+it has virtually dried up for EPROMS," said Merrill Lynch
+analyst Thomas Kurlack of the two key memory chips used in
+computers.
+    "Prices are inching up and lead times on deliveries are
+stretching," Kurlack added.
+    Industry analysts said Japan's Ministry of International
+Trade and Industry, or MITI, had requested the cut backs in
+production to meet the terms of last year's semiconductor
+accord with the U.S.
+    The Reagan adminsitration recently proposed tariffs on
+Japanese electronic goods, alleging that Japan had failed to
+live up to the accord and continued to dump the computer
+components in the U.S. market.
+    But some analysts said Japan's attempt to mollify the U.S.
+was a double edged sword, and might be read at a subtle form of
+trade retaliation for the tariffs proposed by the U.S.
+    As production in Japan is cut, these analysts argue, prices
+will rise in the U.S. and few American semiconductor
+manufactures will be able to take up the slack since most long
+ago exited the market for memory chips. U.S. computer makers
+that use the chips in their machines will then be pressured.
+    "The Japanese are looking for ways to reduce trade
+pressures from Washington, but at the same time they're
+demonstating their muscle," analyst Peck said.
+    The cut backs in Japanese production are expected to
+benefit U.S. chip makers.
+    "I think this could be a very important factor for U.S.
+semiconductor manufacturers," industry analyst Elliot Levine of
+Ladenburg Thalmann Co said.
+    But analyst Peck said, "it will take a few weeks to see
+whether Japan has genuinely cut production."
+    He said Japanese manufactures were likely to view MITI's
+request unfavorably because chip capacity was still high and
+production cut backs would lead to significant write-offs in
+plant and equipment.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3183" NEWID="14200">
+<DATE> 7-APR-1987 11:54:56.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1403&#31;reute
+f f BC-******SENIOR-TREASURY   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SENIOR TREASURY AIDE SAYS PARIS PACT TO BE REVIEWED, U.S. THINKS IT SUCCESSFUL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3184" NEWID="14201">
+<DATE> 7-APR-1987 11:55:41.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1404&#31;reute
+u f BC-INVESTORS-RAISE-STAKE   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS RAISE STAKE IN PUROLATOR &lt;PCC></TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Two New York management investment
+firms told the Securities and Exchange Commission they had
+increased their holdings in Purolator Courier Corp to 7.2 pct,
+from 6.2 pct.
+    Mutual Shares Corp and Mutual Qualified Income Fund Inc
+said they were weighing offers to buy Purolator shares from PC
+Acquisition Inc, a unit of E.F. Hutton LBO Inc, for 35 dlrs a
+share, and from EAF Acquisitions Corp Inc, a unit of Emery Air
+Freight Corp. at 40 dlrs
+    They told the commission they had bought their new
+Purolator shares March 25-27 for 34.875-35.250 dlrs each.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3185" NEWID="14202">
+<DATE> 7-APR-1987 11:55:51.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1405&#31;reute
+f f BC-******SENIOR-U.S.-AID   04-07 0018</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SENIOR U.S. AIDE SAYS NO CONSENSUS YET ON PARIS CLUB RELIEF FOR POOREST NATIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3186" NEWID="14203">
+<DATE> 7-APR-1987 11:56:33.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f1407&#31;reute
+u f BC-NY-COTTON-11-55   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COTTON 11:55
+  MAY7 5608   UP   28
+  JUL7 5515   UP   25
+  OCT7 5525   UP   20
+  DEC7 5515   UP   40
+  MAR8 5615   UP   50
+  MAY8 UNTRD
+  JUL8 UNTRD
+  OCT8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3187" NEWID="14204">
+<DATE> 7-APR-1987 11:56:37.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1408&#31;reute
+u f BC-LONDON-COCOA-GRADINGS   04-07 0013</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON COCOA GRADINGS/TENDERS - APR 7</TITLE>
+<DATELINE>    GRADINGS - </DATELINE><BODY>None posted, Total todate 146.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3188" NEWID="14205">
+<DATE> 7-APR-1987 11:56:53.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f1409&#31;reute
+u f BC-NY-SUGAR-14-11-55   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY SUGAR 14 11:55
+
+ MAY7  2170 UP  4
+ JUL7  2185 UNCH
+ SEP7  2185 UNCH
+ NOV7  2162 UP  1
+ JAN8 UNTRD
+ MAR8 UNTRD
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3189" NEWID="14206">
+<DATE> 7-APR-1987 11:57:49.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1411&#31;reute
+u f BC-LONDON-COFFEE-GRADING   04-07 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON COFFEE GRADINGS/TENDERS AFTERNOON - APR 7</TITLE>
+<DATELINE>    GRADINGS - </DATELINE><BODY>20 Sierra Leone type 2 and three Zaire type 3
+originals were posted. Total todate 43.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3190" NEWID="14207">
+<DATE> 7-APR-1987 11:58:46.40</DATE>
+<TOPICS><D>money-fx</D><D>reserves</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1413&#31;reute
+u f BC-DUTCH-MONEY-MARKET-DE   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH MONEY MARKET DEBT RISES IN WEEK</TITLE>
+<DATELINE>    AMSTERDAM, April 7 - </DATELINE><BODY>Loans and advances from the Dutch
+Central Bank to the commercial banks rose by 1.2 billion
+guilders to 10.7 billion in the week up to and including April
+6, the Bank's weekly return showed.
+    Paper discounted with the Bank also rose, by 477 mln
+guilders to 916 mln.
+    These rises were balanced by a 1.6 billion guilders rise in
+the Treasury's account at the Bank, made up mainly of
+repayments on housing loans by local authorities.  The
+Treasury's account stood at 8.1 billion guilders, the weekly
+return showed.
+    The Bank's gold and currency reserves rose by 484 mln to
+56.89 billion guilders, while the value of non-gold holdings
+rose by 140 mln guilders, analysts said.
+    They added that the rise in the reserves was merely the
+result of commercial currency transactions by the Bank.
+    Call money and period tariffs were only fractionally
+changed this week and were seen sustaining their stable levels
+since no dramatic changes in the money market debt, currently
+around 10.25 billion guilders, are expected.
+    Today call money traded between 5-3/8 to 5-1/2 pct and
+period tariffs all between 5-5/16 to 5-7/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3191" NEWID="14208">
+<DATE> 7-APR-1987 11:59:40.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1415&#31;reute
+u f BC-INTERNATIONAL-BOND-HI   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL BOND HIGHLIGHTS - APRIL 7</TITLE>
+<DATELINE>    LONDON - </DATELINE><BODY>Kansai Electric Power Co Inc is issuing a 60
+billion yen eurobond due April 30, 1994 paying a 4-5/8 pct
+coupon and priced at 101 pct, lead manager Nomura International
+Ltd said.
+    LONDON - Sharp Corp is issuing a 200 mln dlr equity warrant
+eurobond due April 27, 1992 paying two pct and priced at par,
+lead manager Nomura International Ltd said.
+    LONDON - Brierley Investments Overseas NV is issuing a 100
+mln dlr eurobond due April 30, 1992 paying 8-1/4 pct and priced
+at par, lead manager Banque Paribas Capital Markets said.
+    LONDON - Showa Aluminium Corp is issuing a 100 mln dlr
+equity warrant eurobond due April 23, 1992 paying an indicated
+coupon of 2-1/8 pct and priced at par, lead manager Nomura
+International Ltd said.
+    LONDON - Nippon Shokubai Kagaku Kogyo is issuing an 80 mln
+dlr equity warrant eurobond due April 30, 1992 paying an
+indicated coupon of 2-1/8 pct and priced at par, lead manager
+Nomura International Ltd said.
+    PARIS - Caisse Centrale des Autoroutes is issuing a 120 mln
+ECU 7-3/8 pct eurobond due May 15, 1995 at 101-3/4 pct, lead
+manager Credit Lyonnais said.
+    LONDON - Postipankki is issuing a 20 billion yen eurobond
+due May 11, 1992 paying 4-1/2 pct and priced at 102-1/8 pct,
+lead manager Nikko Securities Co (Europe) Ltd said.
+    LONDON - Yamaichi International (Europe) Ltd said it is
+effectively repackaging 137 mln dlrs of the U.K's four billion
+dlr floating rate note issued last year into a five year fixed
+rate yen note with a five pct coupon.
+    LONDON - A unit of Banca Nazionale del Lavoro is issuing a
+15 billion yen eurobond due May 12, 1992 paying 4-1/2 pct and
+priced at 101-1/2 pct, market sources said. The joint
+bookrunners are Tokai International and Daiwa Europe Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3192" NEWID="14209">
+<DATE> 7-APR-1987 11:59:52.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1416&#31;reute
+u f BC-PRS-PARIS-SUGAR-CLOSI   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS SUGAR CLOSING - APR 07
+ May 1148/1150 ba
+ Aug 1165/1168 ba
+ Oct 1200/1205 ba
+ Dec 1230/1240 ba
+ Mar 1255/1270 ba
+ May 1290/1310 ba
+ Sales at call NIL accumulative total later
+ Yesterday's official turnover: 51,900
+ IRREGULAR
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3193" NEWID="14210">
+<DATE> 7-APR-1987 12:00:03.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1417&#31;reute
+d f BC-SENATE-FARM-LEADER-UR   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE FARM LEADER URGES HELP FOR RURAL AMERICA</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The U.S. Senate Agriculture Committee
+chairman said he wanted to develop a plan to help rural
+America, which he said has been neglected by the Reagan
+administration.
+     "I hope to develop a sound and comprehensive plan to
+revitalize rural America.... We need a renewed national
+commitment to rural America and we will have one," Sen. Patrick
+Leahy (D-Vt.) told a Senate Agriculture Committee hearing.
+    Leahy faulted the Reagan administration for having no
+strategy to revitalize rural America.
+    Leahy added that some rural countries were losing
+population and this was contributing to the economic decline.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3194" NEWID="14211">
+<DATE> 7-APR-1987 12:00:11.67</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>kuwait</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1418&#31;reute
+u f AM-GULF-FLAGS (SCHEDULED)  04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT ASKS TO USE FOREIGN FLAG TANKERS, U.S SAYS</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Kuwait has asked at least four
+countries, including the United States, Soviet Union, Britain
+and China, for temporary use of their flags or tankers to
+protect Kuwaiti oil shipments in the troubled Persian Gulf,
+Reagan Administration officials said.
+    The officials confirmed a New York Times report that Kuwait
+wants to transfer some of its oil tankers to U.S. or Soviet
+registration in hopes Iran would be reluctant to launch new
+"Silkworm" missiles at superpower flags.
+    The United States has vowed to keep the gulf open to
+international oil traffic and has warned Tehran against using
+the Chinese-made missiles recently installed in Iran near the
+mouth of the gulf.
+    "They (the Kuwaitis) have also asked Britain, China and
+possibly some other European countries to lease tankers to
+carry their oil," one of the administration officials, who asked
+not to be identified, told Reuters.
+    The United States is considering the request to temporarily
+transfer Kuwaiti ships to American registration, but such a
+move could create insurance and other problems, the officials
+said.
+    U.S. defense officials told Reuters yesterday that Kuwait
+had decided for at least the time being not to accept a U.S.
+offer to use American warships to escort its tankers in the
+gulf, where both Iran and Iraq have been attacking shipping.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3195" NEWID="14212">
+<DATE> 7-APR-1987 12:00:41.41</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1420&#31;reute
+r f BC-U.S.-GRAIN-CERTS-SAVE   04-07 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GRAIN CERTS SAVE 50-100 MLN DLRS - AMSTUTZ</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The use of generic commodity
+certificates, or "certs," for fiscal years 1986-88 will save
+the government 50 to 100 mln dlrs, Department of Agriculture
+Undersecretary Daniel Amstutz said.
+    Speaking at a House agriculture subcommittee hearing on the
+use of the certificates, Amstutz said that the issuance of 8.5
+billion dlrs of certificates during fiscal years 1986-88 could
+result in government outlays of up to 400 mln dlrs.
+    However, the use of certificates preclude the need for 450
+to 500 mln dlrs in storage and handling costs, resulting in net
+savings for the government of 50-100 mln dlrs, he said.
+    Without the use of certificates, Amstutz said nearly the
+entire 1985 crop which had been put under loan would have been
+forfeited to the Commodity Credit Corporation, CCC.
+    In addition, 260 mln bushels of grain that have been
+redeemed from CCC inventory through certificate exchanges would
+have remained in the goverment inventory, he said.
+    When asked to comment on a recent study by the General
+Accounting Office that concluded certificates result in a net
+cost to the government, Amstutz said, "GAO underestimated the
+benefits and overstated the costs" of the certificate program.
+    Amstutz said while certificates encourage more loan
+entries, they also encourage heavier loan redemptions rather
+than forfeitures.
+    GAO underestimated this net loan activity, Amstutz said.
+    "There is no question in the mind of the Department of
+Agriculture that these certificates have been very useful,"
+Amstutz said.
+    Immediate benefits of certificates include greater market
+liquidity, improved market price competitiveness, higher farm
+income, and improved debt situation and decreased carrying
+costs, he said.
+    Certificates are an integral part of USDA's long-range
+market-oriented farm policy, he said.
+    Amstutz told subcommittee Chairman Rep. Dan Glickman,
+D-Kans., that USDA is in the process of preparing an official
+response to the GAO study on certificates and will submit it to
+the subcommittee when completed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3196" NEWID="14213">
+<DATE> 7-APR-1987 12:01:34.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1423&#31;reute
+r f BC-GM-&lt;GM>-SHIFTS-LATIN   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> SHIFTS LATIN AMERICAN, ASIA OFFICERS</TITLE>
+<DATELINE>    DETROIT, April 7 - </DATELINE><BODY>General Motors Corp said it set up a new
+office of Latin American operations as part of the company's
+continuing international restructuring.
+    The automaker named James F. Waters Jr to head the
+operations. Waters, who will work out of the United States, is
+General Motors' vice president and group executive in charge of
+the Overseas Group.
+    In Asia, Barton Brown, General Motors' vice president in
+charge of Asian, African and International Export operations,
+will assume responsibility for Australian operations.
+    General Motors also shifted some officers at its GM do
+Brasil and GM de Mexico operations.
+    In Brazil, Clifford J. Vaughn, vice president and managing
+director of GM do Brasil, will return to the United States as
+vice president of manufacturing at the Chevrolet-Pontiac-Canada
+Group.
+    Vaughn will be replaced as managing director of GM do
+Brasil by Robert B. Stone, vice president and managing director
+of GM de Mexico. Stone will remain a vice president.
+    Richard C Nerod, executive director of marketing and sales
+of GM do Brasil, will become managing director, GM de Mexico.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3197" NEWID="14214">
+<DATE> 7-APR-1987 12:01:40.77</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1424&#31;reute
+f f BC-******VOLCKER-SAYS-FE   04-07 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VOLCKER SAYS FED POLICY NOT RESPONSIBLE FOR PRIME RATE RISE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3198" NEWID="14215">
+<DATE> 7-APR-1987 12:01:58.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f1425&#31;reute
+b f BC-LONDON-STERLING-RATES   04-07 0065</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON STERLING RATES CLOSING -APRIL 7
+ US    1.6185/95     YEN     234.80/235.05
+ CAN   2.1110/40     DKR     11.1160/1310
+ DMK   2.9490/9520   NKR     11.0265/0415
+ DFL   3.3280/3320   SKR     10.2630/2770
+ SFR   2.4470/4500   AUS SCH 20.73/80
+ FFR   9.8130/8240   PORT    227.35/229.50
+ BFC   61.03/14      SPAIN   206.75/207.00
+ LIT   2103/2106     IRL     1.4197/4213
+ ECU   1.4197/4213
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3199" NEWID="14216">
+<DATE> 7-APR-1987 12:02:22.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f1426&#31;reute
+b f BC-LONDON-DOLLAR-CROSS-R   04-07 0089</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DOLLAR CROSS RATES CLOSING - APRIL 7
+      SPOT           1 MONTH      3 MONTHS     6 MONTHS
+ STG 1.6185/95       52/49        133/128      228/223
+ DMK 1.8240/50       42/39        122/117      247/242
+ SFR 1.5120/30       48/43        114/109      228/218
+ DFL 2.0575/85       19/16        58/53        130/125
+ BFC 37.73/78        01/04        03/08        09/16
+ FFR 6.0650/0700     85/105       240/270      465/515
+ LIT 1299/1300       310/360      900/1100     1800/2300
+ YEN 145.25/35       34/30        98/93        200/190
+ CAN     1.3050/55
+ BFR     37.90/93
+ DKR     6.8750/8800
+ NKR     6.8225/75
+ SKR     6.3500/50
+ AUS SCH 12.81/83
+ HK      7.8012/17
+ IRL     1.4650/70
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3200" NEWID="14217">
+<DATE> 7-APR-1987 12:02:42.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1427&#31;reute
+b f BC-LONDON-EURODOLLAR-DEP   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON EURODOLLAR DEPOSITS CLOSE QUIETLY STEADY</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Eurodollar deposit rates closed little
+changed around the levels established at midmorning. Rates at
+the longer end of the market showed 1/16 point gains on a weak
+opening from the dollar, dealers said.
+    Trading remained very quiet throughout the day with
+operators sidelined in the absence of major U.S. Economic data
+and ahead of this week's Group of Seven meeting in Washington.
+The G-7 finance ministers are due to discuss their February
+pact on currency stability and this could well have an impact.
+    One to five month eurodollars were steady with three months
+closing at 6-9/16 7/16 pct.
+    Dealers noted that Federal Reserve Board Chairman Paul
+Volcker said a restrictive monetary policy would hit investment
+and that a better course would be to restrain spending. Volcker
+was testifying to the Senate Banking Committee.
+    Volcker also said a further fall in the dollar would be
+counterproductive and that the currency's performance could be
+a factor in determining U.S. Monetary policy.
+    Short dated eurodollars were steady with overnight to
+spot/next quoted at a uniform 6-1/4 1/8 pct. The Fed added
+temporary reserves via two-day system repurchase agreements
+with Fed funds trading at 6-1/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3201" NEWID="14218">
+<DATE> 7-APR-1987 12:02:59.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI C
+&#22;&#22;&#1;f1428&#31;reute
+b f BC-LONDON-EURODOLLAR-DEP   04-07 0072</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON EURODOLLAR DEPOSITS RATES CLOSING - APRIL 7
+ overnight     6-1/4 1/8
+ tom/next      6-1/4 1/8
+ spot/next     6-1/4 1/8
+ week fixed    6-5/16 3/16
+ one month     6-7/16 5/16
+ two    6-1/2 3/8        three 6-9/16 7/16
+ four   6-9/16 7/16      five  6-5/8 1/2
+ six    6-11/16 9/16     nine  6-13/16 11/16
+ one year   6-7/8 3/4
+ two years  7-3/8 1/8        three years 7-5/8 3/8
+ four years 7-7/8 5/8        five years  8-1/8 7-7/8
+    CANADIAN DOLLARS
+ week      6-7/8 5/8
+ one month 7-1/8 6-7/8
+ two       7-3/16 6-15/16
+ three     7-3/16 6-15/16
+ six       7-3/8 1/8
+ nine      7-7/16 3/16
+ twelve    7-1/2 1/4
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3202" NEWID="14219">
+<DATE> 7-APR-1987 12:03:04.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1429&#31;reute
+b f BC-LONDON-RUBBER-INDEX-F   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON RUBBER INDEX FUTURES SETTLEMENTS - APR 7
+           SETTLEMENT  HIGH LOW   SALES
+ May        585  595              nil
+ Jun        585  595              nil
+ Jul/Sep    585  595              nil
+                      TOTAL SALES Nil
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3203" NEWID="14220">
+<DATE> 7-APR-1987 12:03:16.74</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1430&#31;reute
+b f BC-U.S.-URGES-SURPLUS-NA   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. URGES SURPLUS NATIONS TO BOOST GROWTH</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Leading industrial nations will be
+reviewing the Paris agreement to stabilize exchange rates,
+foster increased worldwide growth and reduce trade imbalances
+but the U.S. thinks the accord has been successful so far, a
+senior U.S. Treasury official said.
+    "The Paris accord will be reviewed at this meeting. It has
+been successful and continues to be succesfull," a senior U.S.
+Treasury official told reporters.
+    In a briefing ahead of this week's semiannual IMF and World
+Bank meetings, he also said the U.S. was looking to West
+Germany and Japan to bolster their economic growth.
+    The official said both surplus countries, like West Germany
+and Japan, and deficit countries, like the U.S., agreed to play
+a role in bringing about more balanced economic growth.
+    He reaffirmed the U.S. would press ahead with efforts to
+reduce its budget deficit, resist protectionism and boost U.S.
+competitiveness.
+    The official also said that he expected trade issues, like
+the dispute between the U.S. and Japan over microchips, to be
+included in the discussions.
+    The official made no direct comment on the content or
+schedule of forthcoming Group of Five and Group of Seven
+discussions. He said that industrial countries are concerned
+that the large external imbalances remain a threat to the
+international monetary system.
+    He added that the meetings will also provide an opportunity
+to discuss economic policy coordination efforts.
+    The official said indicators would be used to measure
+policy objectives of industrial countries and their economic
+projections.
+    They would also be used to assess progress of policy goals.
+    Asked whether the U.S. was proposing a new initiative
+regarding the indicators, the official said the issue would be
+reported to the Venice Summit in June. Monetary sources said
+the U.S. proposal envisages using the indicators to make policy
+coordination agreements, like the Paris Accord, more binding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3204" NEWID="14221">
+<DATE> 7-APR-1987 12:03:29.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1431&#31;reute
+u f BC-LONDON-SEEDS-CLOSING   04-07 0077</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SEEDS CLOSING - APR 7
+   COPRA Phillipines dlrs per tonne cif rotterdam Apr 275.00
+reslrs
+   PALM KERNELS Sierra leone dlrs per tonne cif rotterdam Apr
+175.00 slrs
+   SOYBEANS cif uk east/south coast stg per tonne Jun/Aug
+137.00 Sep/Dec 139.50 slrs
+   LINSEED Canadian dlrs per tonne cif rotterdam Apr/May 167.00
+May/Jun 166.00 slrs
+    RAPESEED UK stg per tonne del Apr 297.00 paid
+Humberside/Boston Apr 296.00/298.00 May 298.00/301.00 byr/slrs
+    REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3205" NEWID="14222">
+<DATE> 7-APR-1987 12:03:41.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ
+&#22;&#22;&#1;f1433&#31;reute
+u f BC-QT8578   04-07 0009</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CANADIAN EXCHANGE NOON - APR 7
+ U.S. dollar 1.3052/57
+
+  
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3206" NEWID="14223">
+<DATE> 7-APR-1987 12:03:48.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1434&#31;reute
+u f BC-QT8458   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. EURODEPOSITS 1200 - APR 7
+ U.S. DOLLAR
+ One month       6-3/8    6-1/4 
+ Two months      6-7/16   6-5/16
+ Three months    6-1/2    6-3/8 
+ Six months      6-5/8    6-1/2 
+ One year        6-13/16  6-11/16
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3207" NEWID="14224">
+<DATE> 7-APR-1987 12:04:05.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1435&#31;reute
+u f BC-LONDON-OILS-CLOSING--   04-07 0098</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON OILS CLOSING - APR 7
+    SOYOIL Dutch fob Ex-Mill guilders per 100 kilos May 65.50
+Jun 66.00 May/Jul 65.75/66.25 Aug/Oct 68.00/68.50 paid U.K.
+CRUDE ex-tank stg per tonne Apr-May 214.00 Jun 215.000 Jul
+218.00 slrs
+    SUNFLOWERSEEDOIL Any origin ex-tank dlrs per tonne May/Jul
+346.50 Aug/Oct 357.50 paids
+    GROUNDNUTOIL Any origin cif rotterdam dlrs per tonne
+Mar/Apr-Apr/May-May/Jun 490.00 slr
+    RAPESEEDOIL Dutch/EC Guilders per 100 kilos May 60.75 paid
+Aug/Oct 60.00 slrs UK 2 pct ffa stg per tonne ex-tank Apr
+183.00 May 185.00 Jun 187.00 Jul 189.00 Aug/Oct 183.00 slrs
+    PALMOIL Malaysian Crude dlrs per tonne cif UK/Rotterdam May
+332.50 slr.
+    Malaysian/Sumatran crude dlrs per tonne cif UK/Rotterdam
+May 332.50 Jun 335.00 Jul 337.50 Aug 340.00 slrs
+    Malaysian RBD dlrs per tonne Apr-May 318.00 paids
+    Malaysian RBD Olein dlrs per tonne Jun 335.00 Jul 332.50
+paids
+    Malaysian RBD stearine dlrs per tonne FOB May 277.50 paid
+    COCONUTOIL Philippines 3 pct ffa cif Rott dlrs per long ton
+Jun/Jul 415.00 Jul/Aug 425.00 paids
+    PALMKERNELOIL Malaysian 5-1/2 pct cif Rott. Dlrs per tonne
+Jun/Jul 390.00/400.00 Jul/Aug 400.00/405.00 paid Apr/May 385.00
+May/Jun 390.00 Jun/Jul 395.00 Jul/Aug 405.00 slrs
+    LINSEEDOIL any origin extank Hull stg per tonne Apr/May
+216.00 slr.
+    TUNGOIL Any origin ex-tank U.K. Stg per tonne  Apr/May
+ 1100.00 slr
+    CASTORSEEDOIL Brazilian No.1 ex-tank Rott dlrs per tonne
+ Apr/May 750.00 slrs
+    REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3208" NEWID="14225">
+<DATE> 7-APR-1987 12:04:19.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1437&#31;reute
+u f BC-fed-funds-1200   04-07 0006</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. FUNDS 1200 - APR 7
+ 6-1/8  (6-1/8)
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3209" NEWID="14226">
+<DATE> 7-APR-1987 12:04:25.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1438&#31;reute
+u f BC-NY-COMEX-SILVER-12-00   04-07 0033</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX SILVER 12:00
+
+ APR7  6670 UP  122
+ MAY7  6705 UP  125
+ JUN7  6730 UP  113
+ JUL7  6785 UP  131
+ SEP7  6865 UP  135
+ DEC7  6975 UP  137
+ JAN8  7000 UP  124
+ MAR8  7060 UP  114
+ MAY8  7190 UP  165
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3210" NEWID="14227">
+<DATE> 7-APR-1987 12:04:34.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1439&#31;reute
+u f BC-NY-SUGAR11-12-00-EDT   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY SUGAR11 12:00 EDT
+
+ MAY7  672 OFF 7
+ JUL7  691 OFF 2
+ SEP7  696 OFF 12
+ OCT7  711 OFF 2
+ JAN8 UNTRD
+ MAR8  750 OFF 5
+ MAY8 UNTRD
+ JUL8  780 OFF 3
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3211" NEWID="14228">
+<DATE> 7-APR-1987 12:04:50.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1441&#31;reute
+b f BC-LONDON-COCOA-CLOSING   04-07 0047</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COCOA CLOSING - APR 7
+ MTH BYR  SLR  HIGH LOW  SALES
+ May 1290 1291 1296 1287  486
+ Jul 1318 1319 1324 1316  405
+ Sep 1340 1342 1345 1337  325
+ Dec 1366 1368 1370 1364  656
+ Mar 1391 1392 1393 1387  315
+ May 1412 1413 1412 1409   38
+ Jul 1429 1433 1430 1430    2
+ TOTAL SALES 2227
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3212" NEWID="14229">
+<DATE> 7-APR-1987 12:04:56.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1442&#31;reute
+u f BC-NY-COFFEE--12-00   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COFFEE  12:00
+ MAY7  10216 UP  12
+ JUL7  10405 UP  5
+ SEP7  10610 UP  5
+ DEC7  10900 UNCH
+ MAR8  11100 UP  50
+ MAY8  11300 UP  50
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3213" NEWID="14230">
+<DATE> 7-APR-1987 12:05:44.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM
+&#22;&#22;&#1;f1446&#31;reute
+u f BC-REUTER-COMMODITIES-NE   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER COMMODITIES NEWS HIGHLIGHTS 1600 GMT - APRIL 7</TITLE>
+<DATELINE>    HAMBURG - </DATELINE><BODY>Malaysian and Indonesian palm oil production is
+likely to drop sharply this year because of lower yields, the
+Hamburg-based newsletter Oil World said.(XYGP 1330)
+    NEW YORK - Comex silver futures soared 15 to 18 cents on
+opening and then retreated slightly as followthrough buying
+slowed. May was up 12.5 cents at 6.705 dlrs from a high of 6.75
+dlrs. July was up 13.1 at 6.785 dlrs from 6.84 dlrs. (MMSU
+1404) In LONDON, LME silver ended the morning with three months
+large trading at a new five month high of 420 pence per troy
+ounce, versus yesterday's kerb close 415/418 pence.(MMSL 1327)
+    LONDON - Cargill U.K. Ltd said its oilseed processing plant
+in Seaforth, northwest England, will resume operations tomorrow
+morning following settlement of a labour dispute which has
+paralysed production there since December 19. (XYHY 1405)
+    SAO PAULO - A Brazilian seamen's strike, which began on
+February 27 and has been tapering off for weeks, has now ended,
+a seamen's spokesman said.(XYGH 1305)
+    WASHINGTON - Kuwait has asked at least four countries,
+including the U.S., Soviet Union, Britain and China, for
+temporary use of their flags or tankers to protect Kuwaiti oil
+shipments in the Persian Gulf, U.S. Officials said. (XYJV 1535)
+    BRUSSELS - The European Commission has not taken a decision
+on applications from the British government for the release of
+200,000 tonnes of intervention feed wheat onto the British
+market in May and June, Commission sources said. (XYJN 1519)
+    CHICAGO - CBT wheat futures opened firmer to again set new
+contract highs in new crop, then back off those highs to hold
+gains of 1-1/4 cents per bushel in May, with new crop July
+unchanged in light early dealings.(WHCB)
+    MADRID - Spain is to sign an barley order with Saudi Arabia
+for April/May delivery, trade sources said. They gave no
+further details, but said it would be a "major" order.(XYGX 1333)
+    LONDON - Trading volume on the London Commodity Exchange
+held steady overall in March, according to figures issued by
+the International Commodities Clearing House. Total volume was
+238,287 lots against 235,665 in March 1986 and 233,403 in
+February 1987. (XYKM 1559)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3214" NEWID="14231">
+<DATE> 7-APR-1987 12:05:52.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1447&#31;reute
+b f BC-LONDON-COFFEE-ROBUSTA   04-07 0050</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COFFEE ROBUSTA CLOSING - APR 7
+ MTH BYR  SLR  HIGH LOW  SALES
+ May 1258 1260 1265 1245 1080
+ Jul 1268 1270 1274 1253 1439
+ Sep 1288 1292 1288 1274  457
+ Nov 1308 1309 1309 1299  200
+ Jan 1325 1330 1330 1316  628
+ Mar 1350 1353 1350 1345  131
+ May 1365 1370 nil
+ Est total 3935 including 6 options.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3215" NEWID="14232">
+<DATE> 7-APR-1987 12:06:08.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1449&#31;reute
+b f BC-LME-METAL-KERBS-AFTER   04-07 0037</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LME METAL KERBS AFTERNOON - APR 7
+    COPPER Grade A 5025 tonnes mainly carries 3months 878.50
+79.00 78.50 78.00 close 878.00 78.50
+    Standard nil unquoted
+    LEAD 150 tonnes cash 308.00 3months nil close 301.00 02.00
+    ZINC High grade 1825 tonnes mainly carries 3months 457.00
+58.00 58.50 close 458.50 59.00
+    SILVER Large and Small nil unquoted
+    ALUMINIUM 19250 tonnes mainly carries 3months 804.00 05.00
+06.00 06.50 06.00 close 805.50 06.50
+    NICKEL 54 tonnes 3months 2355 close 2355 60
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3216" NEWID="14233">
+<DATE> 7-APR-1987 12:06:20.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f1451&#31;reute
+u f BC-NY-COCOA-12-00   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COCOA 12:00
+ MAY7  1921 OFF 13
+ JUL7  1957 OFF 10
+ SEP7  1984 OFF 5
+ DEC7  2012 OFF 3
+ MAR8 UNTRD
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3217" NEWID="14234">
+<DATE> 7-APR-1987 12:06:24.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f1452&#31;reute
+u f BC-NY-ORANGE-JUICE-12-00   04-07 0030</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY ORANGE JUICE 12:00
+
+  MAY7 3290   UP  170
+  JUL7 3165   UP  255
+  SEP7 2795   UP   80
+  NOV7 2525   OFF  15
+  JAN8 2550   UP   95
+  MAR8 UNTRD
+  MAY8 UNTRD
+  JUL8 UNTRD
+  SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3218" NEWID="14235">
+<DATE> 7-APR-1987 12:06:33.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1453&#31;reute
+u f BC-NYSE-CONSOLIDATED-120   04-07 0089</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE-CONSOLIDATED 1200 ACTIVES
+
+5,423,600 GCA CP               7/32 OFF   1/32
+2,597,400 TEXACO             34 5/8 UP   1
+2,210,200 BELLSOUTH          39 3/8 OFF    1/8
+1,775,000 USX CORP           29 3/8 UP     1/8
+1,325,600 GEN MOTORS         83 1/4 UP   1 3/4
+1,290,800 UNITED AIR         65     OFF    3/4
+1,270,400 FORD MOTOR         91     UP     7/8
+1,179,100 OKLAHO G&amp;E         32 5/8 OFF    5/8
+1,134,100 CAESARS            31 1/8 UP     1/2
+1,018,200 IBM               149 3/4 UP     3/8
+
+      ADVANCES    647   DECLINES    566
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3219" NEWID="14236">
+<DATE> 7-APR-1987 12:07:02.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1457&#31;reute
+u f BC-AMEX-CONSOLIDATED-120   04-07 0048</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AMEX-CONSOLIDATED 1200 ACTIVES
+
+  407,800 WESTERN DIG        25 5/8 UP   1
+  398,600 WICKES COS          4 1/4 UNCH
+  261,000 TEXAS AIR          40 5/8 OFF  1 7/8
+  257,700 WANG LAB B         15 3/8 UNCH
+  241,700 ALZA CP            37 5/8 UP   2
+
+      ADVANCES    291   DECLINES    190
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3220" NEWID="14237">
+<DATE> 7-APR-1987 12:07:09.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1458&#31;reute
+u f BC-NY-COMEX-COPPER-12-00   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX COPPER 12:00
+
+ APR7 UNTRD
+ MAY7  6265 UNCH
+ JUN7 UNTRD
+ JUL7  6245 UP  10
+ SEP7  6265 UP  15
+ DEC7  6285 UP  10
+ JAN8 UNTRD
+ MAR8  6340 UP  15
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+ DEC8 UNTRD
+ JAN9 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3221" NEWID="14238">
+<DATE> 7-APR-1987 12:07:15.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1459&#31;reute
+u f BC-LONDON-COFFEE-OPTION   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COFFEE OPTION TRADES AFTERNOON - APR 7
+ MTH   TYPE    STRIKE PRICE   PREMIUM   VOLUME
+ Sep   calls       1281         170        6
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3222" NEWID="14239">
+<DATE> 7-APR-1987 12:07:23.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1460&#31;reute
+u f BC-ny-metals-est-vols   04-07 0044</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. METALS FUTURES ESTIMATED VOLUMES- APRIL 7
+ Time      10.00  11.00  12.00
+ Silver     8000  13000  17000
+ Copper      900   1700   2500
+ Gold       4500   8000  10500
+ Aluminum      0      1      1
+ Palladium  ----    190    239
+ Platinum   ----   2226   2876
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3223" NEWID="14240">
+<DATE> 7-APR-1987 12:07:28.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ
+&#22;&#22;&#1;f1461&#31;reute
+u f BC-TSE-300-12-00-31---38   04-07 0011</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TSE 300 12:00:31   3897.10   UP 15.90
+VOLUME            18,709,198
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3224" NEWID="14241">
+<DATE> 7-APR-1987 12:07:35.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f1462&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 12:00   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7     273            OFF     1
+ JUL7 262 1/2            OFF   1/2
+ SEP7 264 1/2            OFF   3/4
+ DEC7 269 3/4            OFF     1
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7 285 1/4            UP  1 3/4
+ JUL7 280 3/4            UNCH
+ SEP7 276 1/2            UP    1/2
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3225" NEWID="14242">
+<DATE> 7-APR-1987 12:07:42.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1463&#31;reute
+u f BC-cbt-corn-spreads   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT CORN SPREADS</TITLE>
+<DATELINE> APRIL 7  - </DATELINE><BODY>1100 hrs cdt
+ MONTHS   LAST         DIFFERENCE
+ Jul/May  3-3/4   over 3-1/2   over
+ Dec/Jul  13-1/2  over 13-1/2  over
+ Jul/Sep  4-3/4  under 5      under
+ Sep/May  no quote     8-3/4   over
+ Sep/Dec  no quote     8-1/4  under
+ Dec/Mar8 no quote     no quote    
+ May/Dec  17     under 17     under
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3226" NEWID="14243">
+<DATE> 7-APR-1987 12:07:48.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1464&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 12:01   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7     273            OFF     1
+ JUL7 262 1/2            OFF   1/2
+ SEP7 264 1/2            OFF   3/4
+ DEC7 269 3/4            OFF     1
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7     285            UP  1 1/2
+ JUL7 280 3/4            UNCH
+ SEP7 276 1/2            UP    1/2
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3227" NEWID="14244">
+<DATE> 7-APR-1987 12:07:52.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1465&#31;reute
+u f BC-LONDON-COCOA-OPTION-T   04-07 0010</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COCOA OPTION TRADES AFTERNOON - APR 7
+    Business nil.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3228" NEWID="14245">
+<DATE> 7-APR-1987 12:08:03.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1466&#31;reute
+u f BC-CBT-12-01-EDT   04-07 0110</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 12:01 EDT
+WHEAT
+MAY7  287 1/4 UP  1
+JUL7  272 1/4 OFF  1/2
+SEP7  272 3/4 OFF  1/4
+DEC7  278 UNCH
+MAR8  277 1/4 UNCH
+CORN
+MAY7  160 UP  1 3/4
+JUL7  163 3/4 UP  2
+SEP7  168 3/4 UP  2 1/2
+DEC7  177 1/4 UP  2 1/2
+MAR8  184 UP  2 1/4
+OATS
+MAY7  149 1/2 OFF  1/2
+JUL7  138 3/4 UP   1/4
+SEP7  129 1/2 UP  1 1/4
+DEC7  134 1/2 UP   1/2
+MAR8  136 3/4 UNCH
+BEANS
+MAY7  503 UP  3 1/4
+JUL7  504 1/4 UP  4
+AUG7  504 1/2 UP  5
+SEP7  500 UP  6
+NOV7  502 1/2 UP  6 1/2
+JAN8  509 1/2 UP  7
+MEAL
+MAY7  1464 UP  11
+JUL7  1462 UP  11
+AUG7  1466 UP  16
+SEP7  1470 UP  19
+OCT7  1470 UP  19
+OIL
+MAY7  1554 UP  11
+JUL7  1589 UP  11
+AUG7  1606 UP  11
+SEP7  1624 UP  13
+OCT7  1639 UP  14
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3229" NEWID="14246">
+<DATE> 7-APR-1987 12:08:09.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1467&#31;reute
+u f BC-cbt-soybean-spreads   04-07 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYBEAN SPREADS</TITLE>
+<DATELINE> APRIL 7  - </DATELINE><BODY>1100 hrs cdt
+ MONTHS   LAST          DIFFERENCE
+ May/Jul  1-1/4  under  1-1/2  under
+ Jul/Aug  even          even        
+ Sep/Nov  2      under  2-1/4  under
+ May/Nov  2-1/4   over  1       over
+ Jul/Nov  2       over  2       over
+ Nov/Jan  6-3/4  under  7      under
+ Aug/Sep  no quote      4-1/2   over
+ Mar/May8 no quote      no quote    
+ Jan/Mar8 no quote      no quote    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3230" NEWID="14247">
+<DATE> 7-APR-1987 12:08:41.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1469&#31;reute
+u f BC-CME-12-01--EDT   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME 12:01  EDT
+
+L-CATTLE
+APR7  69.55 UP  0.15
+JUN7  65.07 UP  0.05
+AUG7  60.90 UP  0.03
+F-CATTLE
+APR7  69.20 UP  0.10
+MAY7  68.20 OFF 0.02
+AUG7  66.50 UP  0.10
+HOGS
+APR7  50.47 UP  0.65
+JUN7  49.27 UP  0.80
+JUL7  47.60 UP  0.73
+BELLIES
+MAY7  66.57 UP  0.17
+JUL7  65.15 UP  0.30
+AUG7  62.00 UP  0.40
+FEB8  56.20 UP  0.60
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3231" NEWID="14248">
+<DATE> 7-APR-1987 12:08:48.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1470&#31;reute
+u f BC-cbt-soyoil-report   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYBEAN OIL SPREADS</TITLE>
+<DATELINE> APRIL 7  - </DATELINE><BODY>1100 hrs cdt
+ MONTHS    LAST          DIFFERENCE
+ May/Jul   0.34 under    0.35 under
+ Jul/Aug   0.16 under    0.17 under
+ Jul/Dec   0.78 under    0.80 under
+ Aug/Sep   0.16 under    0.17 under
+ May/Aug   0.51 under    0.52 under
+ May/Dec   no quote      1.15 under
+ Dec/Jan   no quote      0.05 under
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3232" NEWID="14249">
+<DATE> 7-APR-1987 12:08:57.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1472&#31;reute
+u f BC-NY-COMEX-ALUMINUM-12-   04-07 0041</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX ALUMINUM 12:01
+        LAST CHANGE
+APR7    UNTRD
+MAY7    6150 UNCH
+JUN7    UNTRD
+JUL7    UNTRD
+SEP7    5795 UP  15
+DEC7    UNTRD
+JAN8    UNTRD
+FEB8    UNTRD
+MAR8    UNTRD
+MAY8    UNTRD
+JUL8    UNTRD
+SEP8    UNTRD
+DEC8    UNTRD
+JAN9    UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3233" NEWID="14250">
+<DATE> 7-APR-1987 12:09:06.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M RM F
+&#22;&#22;&#1;f1473&#31;reute
+u f BC-LONDON-GOLD-CLOSES-OF   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GOLD CLOSES OFF LOWS</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Gold bullion ended the day easier but off
+lows after strengthening during late afternoon trading in
+sympathy with firmer values on Comex, dealers said.
+    The metal closed at 420.00/420.50 dlrs an ounce, up on the
+afternoon fix of 418.50, but still below last night's close of
+421.50/422.
+    It eased during the morning as dealers traded on the
+gold/silver ratio, buying cheaper silver and selling gold.
+Trading was quiet with interest in silver far outweighing gold.
+    Gold was at its high for the day at the opening and slipped
+to its low at the afternoon fix.
+    Platinum ended the day at 565.50/566.50 dlrs an ounce
+little changed from the afternoon fix of 566.35 or the morning
+setting of 565.75, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3234" NEWID="14251">
+<DATE> 7-APR-1987 12:09:08.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ MQ
+&#22;&#22;&#1;f1474&#31;reute
+u f BC-handy-harman-silver   04-07 0014</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ HANDY/HARMAN U.S. SILVER PRICE - APR 7
+ Handy and Harman (bullion) 668.50 (660.50)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3235" NEWID="14252">
+<DATE> 7-APR-1987 12:09:20.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1475&#31;reute
+u f BC-cbt-corn-report   04-07 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT CORN FUTURES HOLD GAINS AT MIDSESSION</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT corn futures held gains of two to
+2-3/4 cents per bushel in moderately light midsession trade.
+    Yesterday's sharp jump in the weekly corn export figure to
+about three times last year's weekly inspections, plus the
+outlook for a continued active export pace due to the decline
+in the U.S. dollar this year, supported nearbys, traders said.
+    Diminished PIK-and-roll activity, compared with the active
+pace seen last week, added to the more positive tone.
+    Most dealers expect the contract lows in corn futures to
+hold, with some looking for the improving chart picture to
+support a further advance.
+    A local house, Cargill, the Illinois Co-op, Refco and ADM
+were the featured buyers of old crop May, with Drexel/Burnham a
+steady buyer in new crop December, pit brokers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3236" NEWID="14253">
+<DATE> 7-APR-1987 12:09:25.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f1476&#31;reute
+u f BC-NY-COMEX-GOLD-12-01   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX GOLD 12:01
+ APR7  4192 UP  7
+ MAY7 UNTRD
+ JUN7  4232 UP  6
+ AUG7  4278 UP  5
+ OCT7  4327 UP  10
+ DEC7  4365 UP  4
+ FEB8  4422 UP  15
+ APR8 UNTRD
+ JUN8 UNTRD
+ AUG8 UNTRD
+ OCT8 UNTRD
+ DEC8 UNTRD
+ FEB9 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3237" NEWID="14254">
+<DATE> 7-APR-1987 12:09:27.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ
+&#22;&#22;&#1;f1477&#31;reute
+u f BC-NASDAQ-COMP-12-01   04-07 0007</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NASDAQ COMP 12:01
+COMP   437.37   OFF 0.41
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3238" NEWID="14255">
+<DATE> 7-APR-1987 12:09:32.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1478&#31;reute
+u f BC-cbt-soymeal-spreads   04-07 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYBEAN MEAL SPREADS</TITLE>
+<DATELINE> APRIL 7  - </DATELINE><BODY>1100 hrs cdt
+ MONTHS    LAST         DIFFERENCE
+ May/Jul   even         even      
+ Jul/Aug   even         0.10  over
+ Jul/Dec   no quote     1.80 under
+ Oct/Dec   no quote     1.10 under
+ Dec/Jan   no quote     0.70 under
+ Oct/Jan   no quote     1.80 under
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3239" NEWID="14256">
+<DATE> 7-APR-1987 12:09:36.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ
+&#22;&#22;&#1;f1479&#31;reute
+u f BC-NYSE-12-01   04-07 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE 12:01
+NY COMP   71.52   UP  0.56
+INDS      08.47   UP  0.99
+TRANS     43.09   UP  0.07
+UTILS     75.66   OFF 0.16
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3240" NEWID="14257">
+<DATE> 7-APR-1987 12:09:39.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1480&#31;reute
+u f BC-ny-spot-tin-noon   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. SPOT TIN NOON - APRIL 7
+Spot 315.00/317.00
+Apr  315.00/317.00
+May  316.00/318.00
+June 317.00/319.00
+July 318.00/320.00
+(cts per lb)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3241" NEWID="14258">
+<DATE> 7-APR-1987 12:09:49.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1481&#31;reute
+u f BC-cash-pork/beef   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASH PORK CALLED MIXED, BEEF HIGHER</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Cash bellies are called steady and loins
+firmer at noon on moderate intrest. However, hams are called
+sharply lower as Easter business came to a close. Cash beef is
+higher on farily active demand, according to private sources.
+    ALL PORK PRICES - FOB MIDWEST BASIS.
+ LOINS                  BELLIES
+ 14-18  98-100          12-14  60           
+ 18-22  96              14-16  60           
+ HAMS                    16-18  57           
+ 14-17  unq             CARCASS BEEF
+ 17-20  73              600/700 98         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3242" NEWID="14259">
+<DATE> 7-APR-1987 12:10:01.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f1483&#31;reute
+u f BC-NYMEX-PLATINUM-12-05   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX PLATINUM 12:05
+          LAST       P SETT
+APR7  4670           5629
+MAY7
+JUN7                 5663
+JUL7  5720           5686
+OCT7  5758           5728
+JAN8  5825           5771
+APR8  5889           5816
+JUL8  5900B 5950A    5866
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3243" NEWID="14260">
+<DATE> 7-APR-1987 12:10:19.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1486&#31;reute
+u f BC-LONDON-STERLING-FORWA   04-07 0101</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON STERLING FORWARDS CLOSE - APRIL 7
+      1 MONTH        3 MONTHS      6 MONTHS     ONE YEAR
+ US   52/49          133/128       228/223      407/397
+ CAN  57/47          140/128       234/217      405/368
+ DMK  163/152        439/421       810/793      1523/1489
+ SFR  157/143        384/368       709/685      1326/1271
+ DFL  138/126        367/348       677/658      1287/1242
+ FFR  179/128        422/343       642/531      1081/862
+ YEN  131/119        351/335       650/627      1230/1184
+ LIT  18/05          -29/+11       -09/+78      70/211
+ BFC  19/12          46/35         72/58        127/107
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3244" NEWID="14261">
+<DATE> 7-APR-1987 12:10:32.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1488&#31;reute
+r f BC-gandalf,-british   04-07 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANDALF &lt;GANDF>, BRITISH TELECOM IN AGREEMENT</TITLE>
+<DATELINE>    OTTAWA, April 7 - </DATELINE><BODY>Gandalf Technologies Inc said it signed a
+two-year, eight mln dlr agreement with British Telecom to
+distribute British Telecom's Mezza Voicestation System in
+Canada and the United States.
+    Gandalf said it will market the system as the Gandalf
+Voicestation System.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3245" NEWID="14262">
+<DATE> 7-APR-1987 12:10:39.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1489&#31;reute
+r f BC-MANHATTAN-NATIONAL-&lt;M   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANHATTAN NATIONAL &lt;MLC> NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>The board of directors of Manhattan
+National Corp said it has named Charles Hinckley chairman and
+chief executive officer of the life insurance holding company,
+replacing Wilmot Wheeler Jr, who returns to his former position
+of vice chairman.
+    Hinckley is also president and chief executive officer of
+&lt;Union Central Life Insurance Co>, a mutual insurer that on
+March 31 acquired 3.6 mln shares of Manhattan National's common
+stock for 43.2 mln dlrs, or 12 dlrs a share, a spokesman for
+Manhattan National said.
+    The spokesman said the purchase, coupled with the 900,096
+Manhattan National shares Union Central already owned, brought
+Union Central's Manhattan National stake up to 52.2 pct of the
+outstanding common shares.
+    Manhattan National said it also named five others from
+Union Central to its board of directors.
+    The spokesman said Union Central now holds seven of
+Manhattan National's thirteen seats on the board of directors.
+    The company also said it named Paul Aniskovich Jr president
+and chief executive officer of its Manhattan Life Insurance Co
+and Manhattan National Life Insurance Co units.
+    Aniskovich, who fills a vacancy at the units, formerly was
+executive vice president of Union Central Life.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3246" NEWID="14263">
+<DATE> 7-APR-1987 12:10:47.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1490&#31;reute
+r f BC-ACME-PRECISION-&lt;ACL>   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACME PRECISION &lt;ACL> SETS HOLDER VOTE ON BUYOUT</TITLE>
+<DATELINE>    DETROIT, April 7 - </DATELINE><BODY>Acme Precision Products Inc said it set
+its annual meeting for May 14 for shareholders to vote on the
+proposed management-led leveraged buyout of the company.
+    The record date for the meeting will be April 16, with
+proxy materials to be sent to shareholders on or before April
+20.
+    The buyout proposal, which was previously announced, will
+be structured as a one for 100,000 reverse stock split. It must
+be approved by a majority of shareholders. Acme Precision has
+1,008,857 shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3247" NEWID="14264">
+<DATE> 7-APR-1987 12:11:01.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1492&#31;reute
+r f BC-UAL-&lt;UAL>-AIRLINE-PIL   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL &lt;UAL> AIRLINE PILOTS HOLDING NATIONAL MEETING</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>The pilots union that has bid 4.5
+billion dlrs to buy United Airlines from UAL Inc said it is
+holding a meeting for all airline employees that will be
+televised on closed-circuit channels across the country to
+other locations to present details of the offer.
+    The meeting at a suburban Chicago location is intended to
+provide information on the offer to buy the airline, it said.
+    Lawyer F. Lee Bailey, pilot chiefs, attorneys and
+investment bankers from Lazard Freres, the pilots' financial
+advisors, will speak, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3248" NEWID="14265">
+<DATE> 7-APR-1987 12:11:29.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1496&#31;reute
+r f BC-NATIONAL-GYPSUM-DEBT   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL GYPSUM DEBT UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Moody's Investors Services Inc said it
+upgraded upgraded to B-1 from B-3 National Gypsum Co's 887 mln
+dlrs of industrial revenue and pollution control bonds.
+    Moody's said a highly leveraged capital structure and thin
+debt protection continues since the April 1986 leveraged
+buyout.
+    But the firm is well-positioned in its business segments.
+As the second-largest U.S. gypsum wallboard producer, it
+generates over 80 pct of operating earnings through wallboard
+output. This business changes with the construction cycle and
+so increases Gypsum's cash flow vulnerability, Moody's said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3249" NEWID="14266">
+<DATE> 7-APR-1987 12:11:38.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1497&#31;reute
+r f BC-NYNEX-&lt;NYN>-TO-HIRE-T   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYNEX &lt;NYN> TO HIRE TEMPORARY WORK FORCE</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Nynex Corp's New York Telephone said it
+will hire 1,900 temporary clerical and technical employees to
+work from April through October, with some positions open until
+December. It said salaries for jobs range from 245 dlrs a week
+for inexperienced clerical workers to 700 dlrs a week for
+skilled technicians.
+    N.Y. Telephone said it has been receiving 2,000 job
+applications daily, but needs 1,000 more applicants a day from
+which to select the temporary work force. The company also said
+it will hire nearly 900 permanent directory assistance
+operators to fill vacancies followed by normal turnover.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3250" NEWID="14267">
+<DATE> 7-APR-1987 12:11:48.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1498&#31;reute
+d f BC-ERICSSON-&lt;ERICY>-GETS   04-07 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERICSSON &lt;ERICY> GETS U S WEST &lt;USW> ORDER</TITLE>
+<DATELINE>    RICHARDSON, Texas, April 7 - </DATELINE><BODY>L.M. Ericsson Telephone Co
+said it has received a contract to provide U S West Inc with
+AXE digital central office switching equipment for use in
+Idaho, replacing 50 older electro-mechanical switches.
+    Value was not disclosed.
+    The company said U S West's Mountain Bell will place the
+first AXE in service before year-end and the project is to be
+completed by the end of 1991.
+    The company said the replacement program follows an
+agreement between Mountain Bell and the Idaho Public Utilities
+Commission for conversion of a substantial part of the Idaho
+telephone network to digital from analog technology over the
+next five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3251" NEWID="14268">
+<DATE> 7-APR-1987 12:12:00.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1499&#31;reute
+u f BC-MINNEAPOLIS-SPRING-WH   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNEAPOLIS SPRING WHEAT MOSTLY UP AT MIDDAY</TITLE>
+<DATELINE>    MINNEAPOLIS, April 7 - </DATELINE><BODY>Spring wheat futures traded
+unchanged to two cents higher at midsession as firm exporter
+demand lent support, traders said. May stood 1-1/2 cents higher
+at 2.85 dlrs.
+    The 14 pct spring wheat cash basis was steady at 38 cents
+over May amid increased receipts of 186 cars. Milling durum was
+steady at 3.95 to 4.00 dlrs and terminal quality was unchanged
+at 3.55 dlrs for Minneapolis and 3.80 dlrs Duluth.
+    Other quotes were unchanged with Duluth sunseed at 7.80
+dlrs, number one and two oats at 1.55 to 1.66 dlrs, feed barley
+at 1.75 dlrs for Duluth and malting barley at 2.00 to 2.05
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3252" NEWID="14269">
+<DATE> 7-APR-1987 12:12:13.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1500&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 12:10   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7     273            OFF     1
+ JUL7     263            UNCH
+ SEP7 264 1/2            OFF   3/4
+ DEC7 269 3/4            OFF     1
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7     285            UP  1 1/2
+ JUL7 281 1/4            UP    1/2
+ SEP7 276 1/2            UP    1/2
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3253" NEWID="14270">
+<DATE> 7-APR-1987 12:12:22.60</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1501&#31;reute
+b f BC-VOLCKER-SAYS-FED-POLI   04-07 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER SAYS FED POLICY NOT LINKED TO RATE RISE</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Federal Reserve Board Chairman Paul
+Volcker said that he did not believe there was a connection
+between the Fed's policies and the recent rise in the prime
+interest rate by most major U.S. banks.
+    Asked by reporters following testimony before the Senate
+Banking Committee whether the Fed had anything to do with the
+rise to 7-3/4 pct in the prime, he replied, "not that I was able
+to detect."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3254" NEWID="14271">
+<DATE> 7-APR-1987 12:12:26.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1502&#31;reute
+u f BC-LONDON-SUGAR-NO.6-AT   04-07 0049</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SUGAR NO.6 AT 1710 - APR 7
+ MTH   LAST    BYR     SLR    HIGH     LOW SALES
+ May  151.2  151.2   151.4   152.0   147.0  1347
+ Aug  155.0  155.4   155.8   155.8   152.0   495
+ Oct  159.6  159.8     ---   160.0   155.6  1724
+ Dec  161.0  161.6   163.0   163.0   161.0    54
+ TOTAL SALES  3620
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3255" NEWID="14272">
+<DATE> 7-APR-1987 12:12:35.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1503&#31;reute
+u f BC-CBT-12-10-EDT   04-07 0113</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 12:10 EDT
+WHEAT
+MAY7  286 3/4 UP   1/2
+JUL7  271 3/4 OFF 1
+SEP7  272 1/2 OFF  1/2
+DEC7  277 3/4 OFF  1/4
+MAR8  277 1/4 UNCH
+CORN
+MAY7  159 3/4 UP  1 1/2
+JUL7  163 1/2 UP  1 3/4
+SEP7  168 1/2 UP  2 1/4
+DEC7  176 3/4 UP  2
+MAR8  183 3/4 UP  2
+OATS
+MAY7  149 3/4 OFF  1/4
+JUL7  138 3/4 UP   1/4
+SEP7  129 3/4 UP  1 1/2
+DEC7  134 1/2 UP   1/2
+MAR8  136 3/4 UNCH
+BEANS
+MAY7  502 1/2 UP  2 3/4
+JUL7  503 3/4 UP  3 1/2
+AUG7  503 3/4 UP  4 1/4
+SEP7  500 UP  6
+NOV7  502 UP  6
+JAN8  509 UP  6 1/2
+MEAL
+MAY7  1463 UP  10
+JUL7  1462 UP  11
+AUG7  1462 UP  12
+SEP7  1464 UP  13
+OCT7  1470 UP  19
+OIL
+MAY7  1555 UP  12
+JUL7  1590 UP  12
+AUG7  1606 UP  11
+SEP7  1624 UP  13
+OCT7  1640 UP  15
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3256" NEWID="14273">
+<DATE> 7-APR-1987 12:12:44.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1504&#31;reute
+u f BC-wnpg-oilseed-report   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDDAY WINNIPEG OILSEEDS HIGHER</TITLE>
+<DATELINE>    WINNIPEG, April 7 - </DATELINE><BODY>Winnipeg oilseeds were higher, with
+rapeseed gaining 2.10 to 2.50 dlrs a bushel and flaxseed up
+1.50 to 2.70.
+    Oilseeds were supported by the rally in the Chicago soy
+complex, trade sources said. Further, recently active producer
+selling subsided, while exporters provided underlying support
+in flaxseed and crushers bought rapeseed, they said.
+    Feed grain trade was quiet with locals and commission
+houses dominating activity.
+    Rye fell 0.10 to 0.20.
+    Barley ranged 0.40 lower to 0.40 higher. Oats ranged
+unchanged to 0.30 lower. Wheat fell 0.20 to 0.50.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3257" NEWID="14274">
+<DATE> 7-APR-1987 12:12:49.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f1505&#31;reute
+u f BC-scrap-copper   04-07 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCRAP COPPER QUOTED AT NOMINAL 51.50 CENTS</TITLE>
+<DATELINE>    New York, April 7 - </DATELINE><BODY>Dealers quoted No.2 scrap copper at a
+nominal 51.50 cents up        0.50 cents from Monday.
+    Refiners were willing to pay some 2.00 cents above that
+level for premium lots    of scrap.
+
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3258" NEWID="14275">
+<DATE> 7-APR-1987 12:12:57.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1506&#31;reute
+r f BC-LONDON-COMMODITY-EXCH   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON COMMODITY EXCHANGE VOLUME STEADY - ICCH</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Trading volume on the London Commodity
+Exchange held steady overall in March, according to figures
+issued by the International Commodities Clearing House.
+    Total volume was 238,287 lots against 235,665 in March 1986
+and 233,403 in February 1987.
+    Cocoa volume was down to 62,686 lots last month from 82,192
+lots in March 1986. It totalled 65,662 in February 1987.
+    However, coffee volume grew to 100,597 lots from 93,440 a
+year earlier and 83,283 in February this year.
+    Sugar trading totalled 75,004 lots, up on the March 1986
+total of 60,033, but below February's 84,458.
+    For the whole first quarter, sugar volume was substantially
+higher at 232,601 against last year's 115,987, while coffee was
+down to 269,190 from 433,487.
+    Cocoa volume in the first quarter this year fell to 190,142
+from 221,899 in 1986 and total volume for the three commodities
+was down to 691,933 from 771,373.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3259" NEWID="14276">
+<DATE> 7-APR-1987 12:13:22.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f1508&#31;reute
+u f BC-BANK-OF-ENGLAND-EFFEC   04-07 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND EFFECTIVE INDEX SHOWS DOLLAR AT 101.6</TITLE>
+<DATELINE>     LONDON, APR 07 - </DATELINE><BODY>The Bank of England's effective
+ exchange rate index showed the U.S. Dollar at 101.6 compared
+with 101.7 previously.
+    Other effective rates were =
+ Australian dlr   55.7    (  55.9 )
+ Aus Sch         137.5    ( 137.6 )
+ BFR con          99.9    ( 100.0 )
+ CAN              79.3    (  79.3 )
+ DKR              92.7    (  92.7 )
+ FFR              71.5    (  71.6 )
+ DMK             146.4    ( 146.5 )
+ LIT              47.9    (  47.9 )
+ YEN             219.6    ( 218.5 )
+ DFL             134.3    ( 134.4 )
+ NKR              79.3    (  79.2 )
+ SKR              68.5    (  68.5 )
+ SFR             172.3    ( 171.8 )
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3260" NEWID="14277">
+<DATE> 7-APR-1987 12:13:31.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1509&#31;reute
+u f BC-INTERNATIONAL-CREDIT   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL CREDIT HIGHLIGHTS - APRIL 7</TITLE>
+<DATELINE>    London - </DATELINE><BODY>Belgium is launching a euro-commercial paper
+program for an unlimited amount with the issuance planned
+immediately after signing in mid-May, First Chicago Ltd said as
+arranger.
+    London - Colombia is in the process of arranging two
+co-financings for projects in the electrical sector, director
+of public credit Mauricio Cabrera said.
+    Abidjan - The African Development Bank said it increased
+its lending by 42.1 pct last year to 1.64 billion dlrs from
+1.15 billion dlrs in 1985.
+    Manila - The Asian Development Bank said it had approved
+two loans amounting to 75.7 mln dlrs for agricultural projects
+in Bangladesh and Nepal.
+    Washington - Federal Reserve Board chairman Paul Volcker
+said debtor nations have made much progress in laying the
+groundwork for economic growth, but a solution to world debt
+difficulties was endangered by inaction on new financing.
+    Paris - The French treasury has decided to repay 680 mln
+francs of debt issued before 1950, the Finance ministry said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3261" NEWID="14278">
+<DATE> 7-APR-1987 12:13:36.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ CQ
+&#22;&#22;&#1;f1510&#31;reute
+u f BC-ny-cocoa-ring-1200   04-07 0033</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. COCOA 1200 RING - APRIL 7
+ MAY 1922   (1934)
+ JLY 1956   (1967)
+ SEP 1981   (1989)
+ DEC 2008   (2015)
+ Mch 2036   (2043)
+ May 2056   (2063)
+ JLY UNQ    (unq )
+(Please note all prices are nominal)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3262" NEWID="14279">
+<DATE> 7-APR-1987 12:13:56.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1512&#31;reute
+u f BC-canastocks   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA STOCKS HIGHER AT MIDSESSION</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>Toronto stocks prices rose higher into
+record territory, bolstered by the resource sector, but slowed
+the momentum of the four-session climb.
+    The composite index rose 13.30 points to 3894.60 on volume
+of 19.4 mln shares. Most stock groups joined in the rally with
+advances outpacing declines 443 to 339.
+    Gold miner Galactic Resources improved 7/8 to 10-1/8. It
+announced yesterday plans to merge with Quartz Mountain Gold
+and said Cornucopia Resources granted an option to enter into a
+Nevada joint venture. In other golds, Hemlo Gold gained 7/8 to
+27-1/4 and Lacana Mining rose 1-1/8 to 18-1/4.
+    Oil shares provided support for the session's advance as
+oils also turned higher on Wall Street. Imperial Oil class A
+surged 7/8 to 73 dlrs, Shell Canada won 3/4 to 42-3/4 and
+Texaco Canada improved 3/4 to 36-3/4.
+    Dome Petroleum slipped one ct to 1.15 dlrs after gaining
+eight cts yesterday. Analysts said the stock was attractive on
+a technical basis, adding they were increasingly optimistic
+that Dome will complete a debt reorganization.
+    Forest products continued higher. Rising issues included
+Canfor Corp 1-1/4 to 35-3/4, British Columbia Forest Products
+1/2 to 21-1/4 and Consolidated-Bathurst 1/4 to 21-1/4.
+    Non-precious metals also joined in the resource-based
+rally. Alcan added 1/4 to reach 54-1/8, Falconbridge firmed 3/8
+to 20-1/4 among actives and Inco firmed 1/8 to 21-7/8.
+    Volume leaders were mixed. Top active Canadian Pacific
+edged down 1/8 to 24-7/8 and Northern Telecom slipped 1/4 to
+59-3/4, while International Thomson rose 1/4 to 16-1/2.
+    Montreal's market portfolio index gained 7.67 points to
+1942.70 with mining, utility and oil stock groups higher.
+    In Vancouver, the index rose 8.6 points to 1882.6.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3263" NEWID="14280">
+<DATE> 7-APR-1987 12:14:07.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1513&#31;reute
+b f BC-AEGON-ISSUES-200-MLN   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEGON ISSUES 200 MLN GUILDER BONDS WITH WARRANTS</TITLE>
+<DATELINE>    AMSTERDAM, April 7 - </DATELINE><BODY>Dutch insurer Aegon NV &lt;AEGN.AS> plans
+to issue 200 mln guilder, 6.5 pct, six-year bonds at an issue
+price of 101.00 pct with 200,000 warrants, lead-manager
+Amsterdam-Rotterdam Bank NV (Amro) said.
+    From July 16, 1990, Aegon may, at its option, redeem early
+the bonds in whole or in part. The issue has denominations of
+1,000 guilders.
+    The warrants give the right to subscribe to a second series
+of bonds, a 200 mln guilder, 6.5 pct, six-year bullet loan. The
+issue price of the warrants has been fixed at 30 guilders each.
+    From May 15 this year up to and including July 15, 1990,
+each warrant will entitle the holder to the bullet by surrender
+of the other bond and a warrant.
+    After July 16, 1990, each warrant will entitle the holder
+to acquire one bullet at a price of 100 pct of the nominal
+value plus accrued interest from the preceding coupon date.
+    Aegon will pay the holders of unexercised warrants,
+outstanding on July 15, 1993, 15.00 guilders each.
+    Subscriptions close April 16 and pay date is May 14.
+    Coupon date is July 15.
+    Application will be made for listing on the Amsterdam Stock
+Exchange. Amro said it was the second time it arranged a bond
+with debt warrants for Aegon.
+    This type of issue gives the holder the opportunity, in
+times of falling interest rates, to ensure himself of a fixed
+maturity loan, while with unchanged or rising rates, he has the
+option not to exercise his warrant, Amro said.
+    In the underwriting syndicate are ABN bank, Morgan Bank
+Nederland, NMB bank, Rabo-bank, Pierson, Heldring en Pierson,
+Mees en Hope, Van Haften en Co, Citicorp Investment Bank (The
+Netherlands) and Swiss Bank Corp Int Holland.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3264" NEWID="14281">
+<DATE> 7-APR-1987 12:14:13.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L C
+&#22;&#22;&#1;f1514&#31;reute
+u f BC-OMAHA-HOGS-UP-1.00-DL   04-07 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMAHA HOGS UP 1.00 DLR - USDA</TITLE>
+<DATELINE>    omaha, april 7 - </DATELINE><BODY>barrow and gilt prices rose mostly 1.00
+dlr in active trade, the usda said. top 51.75 dlrs per cwt.
+    us 1-3 220-260 lbs 51.00-51.50, near 100 head 230-240 lbs
+51.75.
+    sows - steady/up 0.50 dlr. us 1-3 500-650 lbs 45.50-46.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3265" NEWID="14282">
+<DATE> 7-APR-1987 12:14:27.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1516&#31;reute
+r f BC-WEIS-MARKETS-&lt;WMK>-IN   04-07 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEIS MARKETS &lt;WMK> IN THREE FOR TWO STOCK SPLIT</TITLE>
+<DATELINE>    SUNBURY, Pa., April 7 - </DATELINE><BODY>Weis Markets Inc said its board
+declared a three-for-two stock split for holders of record May
+1, 1987, with a distribution date of May 22, 1987.
+    The company also said a regular quarterly dividend of 16
+cts per share on the pre-split shares will be paid May 22 to
+shareholders of record May 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3266" NEWID="14283">
+<DATE> 7-APR-1987 12:14:39.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1518&#31;reute
+d f BC-RAYTHEON-&lt;RTN>-RECEIV   04-07 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYTHEON &lt;RTN> RECEIVES 37.5 MLN DLR CONTRACT</TITLE>
+<DATELINE>    LEXINGTON, Ky., April 7 - </DATELINE><BODY>Raytheon Co said it was awarded a
+37.5 mln Navy contract to provide engineering and technical
+services for production of the standard Missle II program.
+    This award provides for engineering support to the
+230-missle second source production contract currently under
+way at Raytheon's missile systems divsion facility, the company
+said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3267" NEWID="14284">
+<DATE> 7-APR-1987 12:15:04.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1520&#31;reute
+d f BC-LORIMAR-&lt;LT>-GETS-OUT   04-07 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LORIMAR &lt;LT> GETS OUTBOARD MARINE &lt;OMC> PACT</TITLE>
+<DATELINE>    MEMPHIS, Tenn., April 7 - </DATELINE><BODY>Lorimar/Telepictures Corp said
+its Bozell, Jacobs, Kenyon and Eckhardt unit has been named the
+advertising agency for the Lawn Boy unit of Outboard Marine
+Corp &lt;OMC>, replacing Walker and Associates.
+    Annual billings are estimated at four mln dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3268" NEWID="14285">
+<DATE> 7-APR-1987 12:15:22.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1521&#31;reute
+d f BC-MCCORMICK-CAPITAL-&lt;MK   04-07 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCCORMICK CAPITAL &lt;MKOR> 1986 YEAR NET</TITLE>
+<DATELINE>    CHICAGO, April 7 -
+    </DATELINE><BODY>Shr primary 24 cts vs 25 cts
+    Shr diluted 21 cts vs 25 cts
+    Net 530,583 vs 493,423
+    Revs 10.2 mln vs 9,834,578
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3269" NEWID="14286">
+<DATE> 7-APR-1987 12:15:24.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1522&#31;reute
+u f BC-ny-metals-spots-noon   04-07 0015</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y METAL SPOTS NOON - APRIL 7
+ Merchant copper 65.00/65.25
+ Platinum free   567.00/569.00
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3270" NEWID="14287">
+<DATE> 7-APR-1987 12:15:50.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1524&#31;reute
+u f BC-ny-oj-opg-report   04-07 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. FCOJ FUTURES SURGE, OFF HIGHS MIDDAY</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Frozen concentrated orange juice
+futures ran up as much as 4.40 cents on frantic speculative
+short covering this morning, after local buying triggered buy
+stops in the May over 132.00 cents.
+    Floor traders said the market has quieted now, and prices
+have come off the highs as Florida trade took profits.
+    May rose to 133.50 cents, up 2.3 cents, before retreating
+to 132.90 cents at 1208 hrs EST. July climbed 4.4 cents to
+133.50 cents as well, but was trading at 131.75 cents at noon.
+    A report showing the speculators went net short the market
+last week as well as liquidating longs spurred light trade
+buying in the morning to test speculator resolve. The trade
+turned sellers at the top, floor sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3271" NEWID="14288">
+<DATE> 7-APR-1987 12:15:56.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1525&#31;reute
+u f BC-ny-comms-est-vols   04-07 0064</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMMODITY FUTURES ESTIMATED VOLUMES - APRIL 7
+ Time                   11.00  12.00
+ Coffee                   825   1343
+ Cocoa                    756   1058
+ Sugar 11                7040  11682
+ Sugar 14                  16     38
+ Orange                  ----    ---
+ Cotton                  ----    ---
+ Sugar 11 options calls   364    655
+ Sugar 11 options puts    115    233
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3272" NEWID="14289">
+<DATE> 7-APR-1987 12:16:06.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1526&#31;reute
+u f BC-LONDON-SUGAR-RALLIES   04-07 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SUGAR RALLIES FROM LOWS BY LATE AFTERNOON</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Raw sugar futures rallied from session
+lows by late afternoon on jobber shortcovering and trade
+buying, posting pared losses from last night of 1.20 to 0.60
+dlrs.
+    The rally mirrored a similar upturn in New York after the
+market had reacted bearishly to the realisation that new raws
+offtake from China and the Soviet Union was not materialising.
+    However, dealers said, sentiment was still buoyed by
+prospective whites buying by India, Syria and Pakistan.
+    Tomorrow's European Community (EC) tender result was
+difficult to predict after last week's authorisation of 102,350
+tonnes at the highest-ever subsidy of 46.864 Ecus per 100 kilos.
+    Tomorrow's EC tender was made all the more difficult to
+project by the movement last week of nearly 800,000 tonnes
+sugar to intervention by operators protesting about low
+rebates, dealers said.
+    Near Aug was finally quoted at 154.60/154.80 dlrs
+(bid-asked) from 155.80/156 last night and a session high-low
+of 155.80/152.
+    Volume late afternoon was 3,371 lots including nearly 2,000
+lots crossed.
+    London Daily Raws prices fell 3.50 dlrs on tone to 147 fob
+and 171 (105.50 stg) cif and the Whites 2.50 dlrs to 190.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3273" NEWID="14290">
+<DATE> 7-APR-1987 12:16:19.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1527&#31;reute
+u f BC-toronto-indices-1200   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TORONTO INDICES 1200 - APRIL 7
+ TSE 300      3895.8 up   14.6
+ MEATLS/MIN   UNAV
+ GOLDS        8714.4 up   83.7
+ OIL/GAS      4169.1 up   32.2
+ VOLUME: 19,540,629
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3274" NEWID="14291">
+<DATE> 7-APR-1987 12:16:38.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1528&#31;reute
+d f BC-PLEXUS-&lt;PLUSF>-SETS-E   04-07 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLEXUS &lt;PLUSF> SETS EQUITY FINANCING</TITLE>
+<DATELINE>    SALT LAKE CITY, April 7 - </DATELINE><BODY>Plexus Resources Corp said it
+will undertake an 11 mln Canadian dlr equity financing package
+to allow development of the Rawhide Gold Project in central
+Nevada.
+    It said the financing will take place upon execution of
+contracts currently being concluded with &lt;Peter Kiewit Sons
+Inc's> Kiewit Mining Group unit and Standard Oil Co's &lt;SRD>
+Kennecott unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3275" NEWID="14292">
+<DATE> 7-APR-1987 12:16:57.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1529&#31;reute
+u f BC-live-ctl-report   04-07 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIVE CATTLE FUTURES MIXED AT MIDSESSION</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Live cattle futures continued to trade
+unevenly and at midsession prices stood 0.17 cent higher to
+0.25 lower with spot April pacing the gain and distant April
+off most.
+    Mixed profit-taking continued to partly offset demand
+prompted by further gains in cash cattle and private reports of
+higher cash beef prices. All months posted new season's highs
+early before slipping, traders said.
+    Market ready supplies of cattle remain tight and a rising
+wholesale carcass beef and boxed beef market is prompting good
+packer interest for cash cattle. Strong stoppers of deliveries
+added to strength in April, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3276" NEWID="14293">
+<DATE> 7-APR-1987 12:17:12.51</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G M T
+&#22;&#22;&#1;f1530&#31;reute
+r f BC-U.S.-SAYS-NO-PACT-ON   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAYS NO PACT ON RELIEF FOR POOREST STATES</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>There is no consensus so far among
+industrial countries on an agreement providing debt relief for
+the world's poorest nations, a senior U.S. Treasury official
+said.
+    The official said, "There has not been a consensus reached
+yet," when asked about reports the Paris club of western
+creditors had agreed to long-term stretch outs of African debt
+at concessional interest rates.
+    The official, briefing reporters on this week's semiannual
+IMF meetings, said the issue would be discussed this week and
+the U.S. had an open mind on the proposal but it did object to
+concessional interest rate relief.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3277" NEWID="14294">
+<DATE> 7-APR-1987 12:17:20.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1531&#31;reute
+u f BC-CME-12-15--EDT   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME 12:15  EDT
+
+L-CATTLE
+APR7  69.80 UP  0.40
+JUN7  65.17 UP  0.15
+AUG7  61.00 UP  0.13
+F-CATTLE
+APR7  69.20 UP  0.10
+MAY7  68.32 UP  0.10
+AUG7  66.60 UP  0.20
+HOGS
+APR7  50.70 UP  0.88
+JUN7  49.60 UP  1.13
+JUL7  47.95 UP  1.08
+BELLIES
+MAY7  67.30 UP  0.90
+JUL7  65.70 UP  0.85
+AUG7  62.60 UP  1.00
+FEB8  56.25 UP  0.65
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3278" NEWID="14295">
+<DATE> 7-APR-1987 12:17:29.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1532&#31;reute
+u f BC-LOUISVILLE-FEEDERS-ST   04-07 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUISVILLE FEEDERS STEADY/UP 1.00 DLR - USDA</TITLE>
+<DATELINE>    louisville, april 7 - </DATELINE><BODY>feeder cattle steady, instances up
+1.00 dlr, the usda said.
+    steers - medium and large frame 1 - 500-600 lbs
+71.00-78.00, 600-700 lbs 67.75-73.25 and 700-800 lbs
+66.00-68.25.
+    heifers - medium and large frame 1 - 500-600 lbs
+65.75-71.25.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3279" NEWID="14296">
+<DATE> 7-APR-1987 12:17:46.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1533&#31;reute
+u f BC-montreal-indices-1200   04-07 0029</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ MONTREAL INDICES 12:00-APRIL 7
+ INDUSTRIALS  1,578.08 off 0.28
+ UTILITIES    1,627.18 up  0.33
+ BANKS        1,662.84 up  0.08
+ Portfolio    1,943.84 up  0.46
+ VOLUME  5,240,469
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3280" NEWID="14297">
+<DATE> 7-APR-1987 12:19:00.96</DATE>
+<TOPICS><D>copper</D><D>nickel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1536&#31;reute
+u f BC-U.S.-MINT-SEEKING-OFF   04-07 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MINT SEEKING OFFERS ON COPPER, NICKEL</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The U.S. Mint said it is seeking
+offers on 3,701,000 lbs of electrolytic copper and 629,000 lbs
+of electrolytic cut nickel cathodes or briquettes that it
+intends to purchase.
+    It said both metals are for delivery in the week of May 11
+to Olin Corp, East Alton, Ill.
+    Offers for the copper are due by 1100 hrs EDT, April 21,
+while offers on the nickel are due at 1100 hrs EDT on April 14.
+    The Mint said that firms, in submitting their offers,
+select to receive payment by standard check or be wire
+transfer. Awards are determined by whichever of the two methods
+is most cost advantageous, based on the cost of money at that
+time.
+    The minimum acceptance periods for each solicitation is
+three calendar days for the copper and 10 calendar days for the
+nickel, the Mint said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3281" NEWID="14298">
+<DATE> 7-APR-1987 12:19:26.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1538&#31;reute
+d f BC-FAMILY-HEALTH-SYSTEMS   04-07 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAMILY HEALTH SYSTEMS &lt;FHSY> TO MAKE PURCHASE</TITLE>
+<DATELINE>    CHARLESTON, W. Va., April 7 - </DATELINE><BODY>Family Health System Inc said
+The Federal Bankruptcy Court in Fort Worth, Texas has approved
+its offer to purchase &lt;Sheppard Dental Centers Inc's> assets
+from a Chapter 7 bankruptcy proceeding for about 300,000 dlrs.
+    FHS administers and markets multiple office dental
+practices in the Dallas metropolitan area as well as dental
+offices in the Dallas Metroplex.
+    The company said it plans to open 12 locations in Dallas by
+the end of 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3282" NEWID="14299">
+<DATE> 7-APR-1987 12:19:34.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1539&#31;reute
+r f BC-EC-SUGAR-IMPORT-LEVIE   04-07 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SUGAR IMPORT LEVIES</TITLE>
+<DATELINE>    BRUSSELS, APRil 7 - </DATELINE><BODY>The following import levies for white
+and raw sugar are effective tomorrow, in European currency
+units (ecu) per 100 kilos.
+    White sugar, denatured and non-denatured 51.94 versus 51.94
+previously.
+    Raw sugar, denatured and non-denatured 44.01 versus 43.73
+previously.
+    The rate for raws is based on 92 pct yield.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3283" NEWID="14300">
+<DATE> 7-APR-1987 12:20:16.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1540&#31;reute
+d f BC-OLD-FASHION-FOODS-INC   04-07 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLD FASHION FOODS INC &lt;OFFI> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    ATLANTA, April 7 - 
+    </DATELINE><BODY>Shr 10 cts vs 10 cts
+    Net 131,000 vs 135,000
+    Revs 4,222,000 vs 3,656,000
+    Avg shrs 1,278,529 vs 1,356,672
+    Nine mths
+    Shr 31 cts vs 31 cts
+    Net 406,000 vs 426,000
+    Revs 12.3 mln vs 11.0 mln
+    Avg shrs 1,330,511 vs 1,361,421
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3284" NEWID="14301">
+<DATE> 7-APR-1987 12:20:30.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1541&#31;reute
+u f BC-cbt-wheat-report   04-07 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT WHEAT FUTURES EASE TO MIXED BY MIDSESSION</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT wheat futures closed from early
+contract highs in new crop to trade quietly mixed at
+midsession, ranging from up 3/4 cent per bushel in May to down
+3/4 in new crop July.
+    After opening higher on follow-through speculative buying
+after yesterday's technically strong close, prices eased on
+trade-talk that some countries who were holding buying tenders
+this week have rejected U.S. offers or have taken wheat from
+other exporting countries, traders said.
+    However, the strong chart picture probably will limit
+declines, they added.
+    Cargill Grain was the featured seller in new crop July,
+sparking rumors that the U.S. is currently not competitive on
+the World wheat market, even with government programs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3285" NEWID="14302">
+<DATE> 7-APR-1987 12:20:38.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1542&#31;reute
+u f BC-LME-COPPER-CLOSES-AFT   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME COPPER CLOSES AFTER RETREAT FROM EARLIER HIGHS</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>LME afternoon ring dealings in copper
+ended with three months Grade A business at 879 stg per tonne,
+a rise of three from yesterday's afternoon kerb close,
+equivalent to 1,410 dlrs per tonne, up four.
+    However, values were off the day's highs, reflecting the
+softer tone on Comex, while the cash to three months premium
+narrowed to 32 stg in the absence of followthrough to earlier
+nearby buying, traders said. The breakdown of the spread
+premium equated to 20, seven and five stg for the first, second
+and third months, respectively. Standard metal finished with an
+indicated backwardation of around two stg.
+    Morning ring dealings ended with forward business at a high
+of 883 stg per tonne, equivalent to 1,417 dlrs. Business
+featured a wave of cash pricing purchases near the official
+close which established an indicated spread backwardation of 37
+stg after earlier borrowing at a premium of 32, unchanged from
+yesterday afternoon, traders said.
+    Forward values extended pre-market gains, despite currency
+factors, with short covering and some chart support evident.
+    Ring dealings also included options-linked borrowing
+interest from end April dates for one month at a backwardation
+of 23 stg.
+    Analysts said the 870 stg area appears to have provided a
+minor chart support base, although upside potential remains
+limited against a background of only routine physical demand
+and a buoyant U.K. Currency.
+    On the morning pre-market, activity was mainly dollar-based
+and within the range 1,408 to 1,411 dlrs per tonne, traders
+said.
+    Standard grade retained a spread backwardation of 10 stg
+but was tradeless.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3286" NEWID="14303">
+<DATE> 7-APR-1987 12:21:03.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1543&#31;reute
+h f BC-MOTOROLA-&lt;MOT>-SELECT   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOTOROLA &lt;MOT> SELECTS SYSTEM COMPILERS</TITLE>
+<DATELINE>    TEMPE, Ariz., April 7 - </DATELINE><BODY>Motorola Inc said it has selected
+&lt;Oregon Software's> Pascal-2 compilers as the compiler for its
+MC68000 family of 16-bit microprocessor chips under the
+VERSados and SYSTEM V/68 operating systems.
+    Also, Motorola said that its Microcomputer Division and
+Oregon Software will be the sole supplier of the Pascal
+suppliers.
+    Motorola said the Pascal-2 compiler for SYSTEM V/68,
+supporting the MC68020 and MC68881, is priced at 2,800 dlrs for
+June delivery.
+    It added that the Pascal-2 compiler for the VERSAdos system
+is priced at 2,800 dlrs for June delivery.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3287" NEWID="14304">
+<DATE> 7-APR-1987 12:21:43.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f1544&#31;reute
+u f BC-CBT-12-20-EDT   04-07 0114</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 12:20 EDT
+WHEAT
+MAY7  286 3/4 UP   1/2
+JUL7  271 3/4 OFF 1
+SEP7  272 1/2 OFF  1/2
+DEC7  277 1/2 OFF  1/2
+MAR8  277 1/4 UNCH
+CORN
+MAY7  159 1/2 UP  1 1/4
+JUL7  163 1/2 UP  1 3/4
+SEP7  168 1/2 UP  2 1/4
+DEC7  176 1/2 UP  1 3/4
+MAR8  183 3/4 UP  2
+OATS
+MAY7  149 OFF 1
+JUL7  138 1/2 UNCH
+SEP7  129 3/4 UP  1 1/2
+DEC7  134 1/2 UP   1/2
+MAR8  136 3/4 UNCH
+BEANS
+MAY7  502 1/4 UP  2 1/2
+JUL7  503 3/4 UP  3 1/2
+AUG7  504 1/4 UP  4 3/4
+SEP7  499 1/2 UP  5 1/2
+NOV7  501 1/2 UP  5 1/2
+JAN8  509 UP  6 1/2
+MEAL
+MAY7  1461 UP  8
+JUL7  1461 UP  10
+AUG7  1461 UP  11
+SEP7  1467 UP  16
+OCT7  1469 UP  18
+OIL
+MAY7  1554 UP  11
+JUL7  1590 UP  12
+AUG7  1606 UP  11
+SEP7  1624 UP  13
+OCT7  1638 UP  13
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3288" NEWID="14305">
+<DATE> 7-APR-1987 12:21:55.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1546&#31;reute
+u f BC-MAY-DEPARTMENT-STORES   04-07 0012</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MAY DEPARTMENT STORES CO, 75,000 AT 49-1/4, DOWN 1/8, CROSSED
+BY FIRST BOSTON
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3289" NEWID="14306">
+<DATE> 7-APR-1987 12:22:02.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1547&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 12:20   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7     273            OFF     1
+ JUL7     262            OFF     1
+ SEP7 264 1/2            OFF   3/4
+ DEC7 269 3/4            OFF     1
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7     285            UP  1 1/2
+ JUL7 281 1/4            UP    1/2
+ SEP7 276 1/2            UP    1/2
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3290" NEWID="14307">
+<DATE> 7-APR-1987 12:22:29.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1550&#31;reute
+u f BC-feeder-cattle-report   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDSESSION FEEDER CATTLE FUTURES MIXED</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Feeder Cattle futures traded 0.02 cent
+lower to 0.25 higher in light midsession dealings.
+    All but distant March posted a new season's high on general
+demand before profit-taking developed. Spreading of long
+deferred cattle futures/short May feeder cattle added to the
+pressure in May, traders said.
+    Although profit-taking weighed on prices, strong
+fundamentals continued to provide support. Cash feeder cattle
+remain strong on limited supplies and continued gains in live
+cattle futures prompted spillover demand.
+    The average feeder steer price, USFSP, rose 10 cents in the
+past two reporting days, traders noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3291" NEWID="14308">
+<DATE> 7-APR-1987 12:22:39.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1551&#31;reute
+u f BC-CBT-12-20-EDT   04-07 0114</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 12:20 EDT
+WHEAT
+MAY7  286 3/4 UP   1/2
+JUL7  271 3/4 OFF 1
+SEP7  272 1/2 OFF  1/2
+DEC7  277 1/2 OFF  1/2
+MAR8  277 1/4 UNCH
+CORN
+MAY7  159 3/4 UP  1 1/2
+JUL7  163 1/2 UP  1 3/4
+SEP7  168 UP  1 3/4
+DEC7  176 1/2 UP  1 3/4
+MAR8  183 1/2 UP  1 3/4
+OATS
+MAY7  149 OFF 1
+JUL7  138 1/2 UNCH
+SEP7  129 3/4 UP  1 1/2
+DEC7  134 1/2 UP   1/2
+MAR8  136 3/4 UNCH
+BEANS
+MAY7  502 1/4 UP  2 1/2
+JUL7  503 1/2 UP  3 1/4
+AUG7  504 UP  4 1/2
+SEP7  499 1/2 UP  5 1/2
+NOV7  501 1/2 UP  5 1/2
+JAN8  509 UP  6 1/2
+MEAL
+MAY7  1461 UP  8
+JUL7  1461 UP  10
+AUG7  1461 UP  11
+SEP7  1467 UP  16
+OCT7  1469 UP  18
+OIL
+MAY7  1554 UP  11
+JUL7  1590 UP  12
+AUG7  1606 UP  11
+SEP7  1624 UP  13
+OCT7  1638 UP  13
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3292" NEWID="14309">
+<DATE> 7-APR-1987 12:22:54.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1553&#31;reute
+u f BC-ROTTERDAM-MEALS/FEEDS   04-07 0111</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ROTTERDAM MEALS/FEEDS TRADES - APR 7 Dlrs tonne cif Rotterdam
+unless stated
+    SOYMEAL US High protein (eta midApl R'dam) 209
+    SOYMEAL PELLETS Brazil Afloat on Topaz (eta Apl 14 Ghent)
+202/202.50 Ostria (eta Apl 25 Ghent) 196/198 Cougar (eta
+unknown Ghent) 198 fob Alchiones (eta unknown Ghent) 192 fob
+Mch 191 cif Ghent Apl 185.50 May/Sep 181 cif Ghent Jne 181 cif
+Ghent
+    SOYMEAL PELLETS Argentine Afloat on Continental Lotus (eta
+Apl 15 R'dam) 197 Standard Ardour (eta Apl 24 R'dam) 196 Ostria
+(eta Apl 25 Ghent) 196 May/Sep 175/176 cif Ghent
+    LINSEED EXPELLERS Afloat on Standard Ardour (eta Apl 24
+R'dam) 159/160 Fa Fa Venture (eta Apl 26 R'dam) 159
+    SUNMEAL PELLETS Afloat on Seaspeed (eta midApl R'dam) 121
+Chubut (eta unknown) 121 Apl 114/114.25/115
+    TAPIOCA THAI HARD PELLETS (Marks 100 kilos fob Rotterdam
+customs cleared) Afloat on Astor (eta Apl 19 R'dam) 27.50 North
+Atlantic (eta Apl 24 R'dam) 27.50 May/Jne 26.75 Oct/Dec 27
+Jan/Jne 1988 25 Jan/Dec 1988 25.25
+    CORNGLUTENFEED PELLETS Unloading from Ideal Progress
+136/137/138 Arrived on Akron 135 Mch 134 Apl 130 May/Aug
+128/127.50
+    CITRUSPULP PELLETS Unloading from Philippine Obo 129/130
+    PALM EXPELLERS Afloat on Walka Mlodych (eta Apl 9 A'dam)
+118.50 Fjordwind (eta Apl 11 R'dam) 114/116/114 Fully Grain
+(eta Apl 12 A'dam) 114 Radnoti (eta Apl 28 R'dam) 115 Mch/Apl
+110
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3293" NEWID="14310">
+<DATE> 7-APR-1987 12:23:05.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1554&#31;reute
+u f BC-CONSOLIDATED-BATHURST   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED-BATHURST SEES BETTER MARKET</TITLE>
+<DATELINE>    MONTREAL, April 7 - </DATELINE><BODY>(Consolidated-Bathurst Inc) said it
+expects improvement in the pulp and paper sector shown in the
+second half of 1986 to continue this year. The continued
+improvement would be due to good market demand, better product
+prices and high operating capacity, the company said in its
+annual report.
+    Consolidated-Bathurst, which reported operating profit of
+104 mln dlrs last year on sales of 2.02 billion dlrs, said its
+joint-venture acquisition of a market pulp mill at Castlegar,
+B.C. last year broadens its product range and will contribute
+to equity earnings.
+    Last year's results were up from 1985 operating profit of
+80 mln dlrs and sales of 1.73 billion dlrs.
+    The company said it views its near-term prospects with
+improved optimism.
+    It said results from its Bridgewater newsprint mill in the
+U.K. should improve greatly this year due to stronger capacity
+and production and more favorable market conditions.
+    It said it anticipates a return to profitability in 1987
+for its Diamond-Bathurst Inc (DBH) subsidiary, which lost 6.2
+mln U.S. dlrs and underwent a reorganization last year, and
+expects higher sales and earnings for its other North American
+packaging divisions.
+    Consolidated-Bathurst said the outlook for its Europa
+Carton unit is mixed. It said the effect of trade disputes
+between the United States and the European Economic Community
+on the West German economy and the higher value of the mark may
+lead to increased costs which could not be offset by price
+increases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3294" NEWID="14311">
+<DATE> 7-APR-1987 12:23:17.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1555&#31;reute
+b f BC-LONDON-COFFEE-CLOSES   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON COFFEE CLOSES FIRMER IN DULL TRADING</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Robusta futures closed firmer after a
+lacklustre session, ranging 19 to three stg per tonne higher.
+Second position July settled up 19 at 1,270 stg.
+    The rise mostly reflected a technical consolidation of
+recent losses, dealers said. Roaster interest appeared to be
+tapering off and origin offers were insignificant, providing
+little trading incentive.
+    Now that Brazil has closed its May registrations, the
+market is awaiting fresh fundamental news, they added.
+    Volume totalled 4,170 lots, including six options and 1,600
+crosses.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3295" NEWID="14312">
+<DATE> 7-APR-1987 12:23:46.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1556&#31;reute
+b f BC-LONDON-EXCHANGES---SD   04-07 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON EXCHANGES - SDR CALCULATION</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The following information
+ has been advised by the Bank of England to the
+ International Monetary Fund in Washington to
+ enable calculation of the value of the SDR -
+ middle spot rates at noon today.
+ DMK 1.8216
+ FFR 6.0612
+ YEN 145.15
+ STG 1.6198
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3296" NEWID="14313">
+<DATE> 7-APR-1987 12:24:35.97</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1558&#31;reute
+u f BC-/MORE-U.S.-GRAIN-CERT   04-07 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE U.S. GRAIN CERTIFICATES NEEDED, STUDY SAYS</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>More generic grain certificates
+should be released onto the market in order for the U.S.
+certificate program to have its full effect on commodities,
+according to a study by Sparks Commodities Inc.
+    The Agriculture Department should make grain deficiency
+payments and paid land diversion payments in a two-third
+certificate, one-third cash ratio through fiscal year 1989, 
+Carroll Brunthaver, president of Sparks Commodities, told a
+House agriculture subcommittee hearing on certificates.
+    Thereafter, government payments should be issued in roughly
+a 50-50 split between cash and certificates, Brunthaver said.
+    The Sparks study on certificates examined two possible
+scenarios through the 1990 growing season -- a "zero
+certificate case," where no certificate program was assumed,
+and an alternative case labeled "adequate certificate case" in
+which sufficient certificates would be released so that grain
+prices would not be artificially supported by market shortages
+due to acreage reduction programs or government holdings.
+    The study showed that total grain use under the adequate
+certificate scenario would exceed the zero certificate scenario
+by 11.2 pct.
+    Usage would be markedly more in 1989 and 1990, when grain
+usage under a certificate program was estimated to exceed the
+zero certificate case by 15 to 19 pct.
+    For the five-year period examined, government expenditures
+under the adequate certificate case were 7.0 billion dlrs, or
+7.5 pct less than under the zero certificate case.
+    The Sparks study said that 5.1 billion dlrs, or 70 pct of
+those savings resulted from smaller government storage costs.
+    The study also estimated that government grain stocks under
+the adequate certificate case would be 4.7 billion bushels
+below the zero certificate case at the end of the period
+examined.
+    The Sparks study said that while certificates permit market
+prices to fall below loan levels, these lower prices increase
+commodity usage and reduce the net costs of certificates versus
+cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3297" NEWID="14314">
+<DATE> 7-APR-1987 12:25:06.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1560&#31;reute
+r f BC-CUMMINS-ENGINE-&lt;CUM>   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUMMINS ENGINE &lt;CUM> SEES IMPROVED EARNINGS</TITLE>
+<DATELINE>    COLUMBUS, Ind., April 7 - </DATELINE><BODY>Cummins Engine Co said it told
+shareholders higher engine orders to the North American
+heavy-duty truck market will result in improved earnings in the
+first quarter.
+    Cummins said the company should make progress this year and
+next toward its goal of five pct profitability.
+    Cummins recorded net income of 3,743,000 dlrs, or 38 cts
+per share, on sales of 516.9 mln dlrs.
+    It said it expects 1987 North American heavy-duty truck
+production to total 135,000 units, an 8.5 pct increase from
+1986.
+    Cummins said it expects capital expenditures to total about
+155 mln dlrs, down from 274 mln dlrs the year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3298" NEWID="14315">
+<DATE> 7-APR-1987 12:25:25.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1562&#31;reute
+w f BC-NORTH-WEST-TELECOM-&lt;N   04-07 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH-WEST TELECOM &lt;NOWT> MAKES ACQUISITION</TITLE>
+<DATELINE>    TOMAH, WIS., April 7 - </DATELINE><BODY>North-West Telecommunications Inc
+said it acquired the assets and customer base of Com-Tel
+Systems Inc, a telephone interconnect firm that operates in La
+Crosse and Stevens Point, Wis. and Rochester, Minn.
+    It said the purchase only includes the businesses in La
+Crosse and Rochester.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3299" NEWID="14316">
+<DATE> 7-APR-1987 12:25:37.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1563&#31;reute
+s f BC-MILTON-ROY-CO-&lt;MRC>-S   04-07 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILTON ROY CO &lt;MRC> SETS REGULAR DIVIDEND</TITLE>
+<DATELINE>    ST. PETERSBURG, Fla., April 7 - 
+    </DATELINE><BODY>Qtly div 11 cts vs 11 cts prior
+    Pay June 15
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3300" NEWID="14317">
+<DATE> 7-APR-1987 12:25:48.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f1564&#31;reute
+b f BC-cbt-vol-oi-totals   04-07 0082</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT VOLUME AND OPEN INTEREST FOR APRIL 6
+    (000'S BUSHELS)
+        OPEN INTEREST CHANGE       VOLUME
+ WHEAT    157,660     up  5,955   39,710
+ CORN     710,395     dn 11,045   86,235
+ OATS      31,200     dn    380    5,355
+ SOYBEANS 431,620     up  5,915   72,000
+ SOYMEAL   64,558     up     90    6,982
+ SOYOIL    75,237     up     76    5,528
+ T-BONDS  242,277     dn  4,881  187,080
+ T-NOTES   57,827     dn  2,547   15,906
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3301" NEWID="14318">
+<DATE> 7-APR-1987 12:26:18.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1565&#31;reute
+u f BC-live-hog-report   04-07 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIVE HOG FUTURES UP FURTHER AT MIDSESSION</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Live Hog futures recovered from early
+profit-taking and ran up to new day's highs at midsession.
+Futures posted gains of 0.80 to 0.12 cent paced by July.
+    Early commercial profit-taking lacked followthrough and
+prices ran up again on scattered demand. Computer house buying
+added to strength and futures ran up to new day's highs,
+traders said.
+    Light hog runs and expectations of steady to higher cash
+hogs again tomorrow provided the bulk of support. Farmers are
+taking to the fields in some areas and sending fewer hogs to
+market, they said.
+    Although cash hams are called sharply lower at noon, most
+traders noted this had been expected as Easter demand abated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3302" NEWID="14319">
+<DATE> 7-APR-1987 12:26:27.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1566&#31;reute
+u f BC-LONDON-GASOIL-CALL-CO   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GASOIL CALL COMPLETE  1723 - APR 7</TITLE>
+ MTH      LAST    BYR    SLR   HIGH    LOW SALES
+<DATELINE> Mar       ---    ---    ---    ---    ---   ---
+ </DATELINE><BODY>Apr    149.00 149.00 149.25 149.75 147.75  2184
+ May    147.75 147.50 147.75 148.00 146.25  2000
+ Jun    146.75 146.25 146.75 147.25 146.00   536
+ Jul    146.25 146.25 147.00 147.25 146.25    95
+ Aug       --- 146.50 147.50    ---    ---   ---
+ Sep       --- 148.00 151.00    ---    ---   ---
+ Oct       --- 149.00    ---    ---    ---   ---
+ Nov       --- 147.00    ---    ---    ---   ---
+ TOTAL SALES   4815
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3303" NEWID="14320">
+<DATE> 7-APR-1987 12:26:32.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ
+&#22;&#22;&#1;f1567&#31;reute
+u f BC-QT8230   04-07 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>bBANK OF CANADA DOLLAR STERLING RATES</TITLE>
+<DATELINE>   Ottawa, Apr 7- </DATELINE><BODY>The Bank of Canada said the   U.S. dollar at
+soon was 1.3053 compared to
+1.3074 dollars yesterday.
+   The pound sterling rates at noon 2.1130  compared to 2.1147
+yesterday.
+   
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3304" NEWID="14321">
+<DATE> 7-APR-1987 12:26:35.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1568&#31;reute
+u f BC-NY-COTTON-12-25   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COTTON 12:25
+  MAY7 5600   UP   20
+  JUL7 5510   UP   20
+  OCT7 5525   UP   20
+  DEC7 5510   UP   35
+  MAR8 5615   UP   50
+  MAY8 UNTRD
+  JUL8 UNTRD
+  OCT8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3305" NEWID="14322">
+<DATE> 7-APR-1987 12:26:48.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1570&#31;reute
+u f BC-WALL-STREET-INDICES-1   04-07 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+WALL STREET INDICES 1200
+
+ NYSE COMPOSITE        171.40 UP  0.44
+ NYSE INDUSTRIALS      208.34 UP  0.86
+ S AND P COMPOSITE     303.00 UP  1.05
+
+ NYSE-A VOLUME    126123200
+
+ AMEX INDEX            343.99 UP  1.76
+
+ AMEX-B VOLUME    8488200
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3306" NEWID="14323">
+<DATE> 7-APR-1987 12:27:25.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1571&#31;reute
+u f BC-OKLAHOMA-CITY-FEEDERS   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OKLAHOMA CITY FEEDERS STEADY - USDA</TITLE>
+<DATELINE>    OKLAHOMA CITY, april 7 - </DATELINE><BODY>feeder cattle steady amid good
+demand, the usda said.
+    steers - medium, few large, frame 1 - 540-600 lbs
+75.30-81.50, 650-700 lbs 70.05-73.90 and 700-800 lbs
+70.20-73.20.
+    heifers - medium frame 1 - 550-600 lbs 66.50-71.00, 625-700
+lbs 66.00-68.10 and 700-800 lbs 64.50-67.80.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3307" NEWID="14324">
+<DATE> 7-APR-1987 12:28:01.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1573&#31;reute
+r f BC-OHIO-MATTRESS-CO-&lt;OMT   04-07 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OHIO MATTRESS CO &lt;OMT> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    CHICAGO, April 7 - 
+    </DATELINE><BODY>Shr 15 cts vs 15 cts
+    Net 2,407,000 vs 2,393,000
+    Revs 117.2 mln vs 67.1 mln
+    Note: Aggregate judgments in antitrust and other suits of
+77 mln dlrs not included in year-ago or 1987 1st qtr results.
+Company said any portion of this amount, including related
+interest or attorneys' fees, would be proportionately reflected
+as a reduction in its minority interest of Sealy recorded on
+its consolidated balance sheet upon final settlement of
+litigation.
+    Note: Consolidated balance sheet as of end of 1st qtr
+reflects after-tax impact of 50 mln dlr settlement won by Sealy
+licensee in Michigan.
+    1987 results include all operations of all acquired
+Sealy-brand licensees and 82 pct of Sealy. Remaining 18 pct of
+Sealy is recorded as minority interest.
+    Proceeds of 170 mln dlrs from sale of stock and debt were
+used to reduce balance of revolving credit agreement to 80 mln
+dlrs. Accordingly, 250 mln dlr obligation to banks under credit
+agreement was recorded as a long-term liability as of end of
+1st qtr.
+    Note: In April, company intends to acquire Michigan Sealy
+licensee and fund transaction with 25 mln dlrs in cash and
+borrow balance required from banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3308" NEWID="14325">
+<DATE> 7-APR-1987 12:28:05.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1574&#31;reute
+f f BC-******MOODY'S-MAY-UPG   04-07 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S MAY UPGRADE PUBLIC SERVICE INDIANA'S 1.1 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3309" NEWID="14326">
+<DATE> 7-APR-1987 12:28:22.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1575&#31;reute
+u f BC-ny-sugar-mids-report   04-07 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD SUGAR FUTURES PARE LOSSES BY MIDSESSION</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>World sugar futures pared their losses
+by midsession when early selling dried up, allowing an easy
+retracement on trade buying, brokers said.
+    The market dropped sharply this morning when computer fund
+pressure entered at 6.60 cents basis May, triggering heavy
+stop-loss selling, brokers said.
+    Spot May tumbled to 6.52 cents a lb before recovering to
+6.76 cents, off 0.03 cent.
+    The sell-off was a continued reaction to the market's
+inability yesterday to breach resistance levels for a test of
+7.0 cents basis May, brokers said.
+    There was no fundamental reason for the drop, analysts
+said.
+    Volume at noon EDT was estimated at 11,682 lots.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3310" NEWID="14327">
+<DATE> 7-APR-1987 12:28:58.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1577&#31;reute
+u f BC-ITALIAN-BANK-DEPOSIT   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN BANK DEPOSIT GUARANTEE FUND APPROVED</TITLE>
+<DATELINE>    ROME, April 7 - </DATELINE><BODY>The executive committee of the Italian
+national banking association (ABI), representing the country's
+major credit institutions, approved the setting up of a common
+reserve fund to guarantee customer deposits in the event of
+bank failures.
+    ABI chairman Giannino Parravicini told a news conference
+that the fund would not be operative until the latter part of
+1987, and only on condition that 60 pct of banks representing
+at least 75 pct of total deposits participated.
+    He said the fund would initially have 1,000 billion lire
+available and would cover deposits of up to three billion lire.
+    A statute for establishing a deposit guarantee fund has
+already been approved by the Bank of Italy and by an
+interministerial committee on credit and savings.
+    The 1,000 billion lire initial funding, which will be
+provided through contributions from banks which opt to join the
+scheme, compares with an originally targetted figure of 4,000
+billion lire.
+    Parravicini said the fund would be gradually increased to
+4,000 billion lire by end 1991, and that the decision to
+achieve this figure gradually rather than immediately was due
+to fiscal considerations.
+    The fund, still to be formally ratified by ABI's steering
+committee, will provide 100 pct coverage on deposits of up to
+200 mln lire, 90 pct on deposits between 200 mln and one
+billion lire and 80 pct on those between one billion and three
+billion lire.
+    Assuming that all banks join the fund, contributions would
+be equivalent to around 0.25 pt of a bank's total deposits.
+    The ABI's steering committee later unanimously ratified the
+executive committee's decision to create the common reserve
+fund.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3311" NEWID="14328">
+<DATE> 7-APR-1987 12:29:17.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1579&#31;reute
+d f BC-COMPUTER-NETWORK&lt;CMNT   04-07 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER NETWORK&lt;CMNT> MAKES SIX INSTALLATIONS</TITLE>
+<DATELINE>    MINNEAPOLIS, April 7 - </DATELINE><BODY>Computer Network Technology Corp
+said after six months of testing, American Telephone and
+Telegraph Co &lt;T> has installed initial orders for six of the
+company's CHANNELink 5100/R products.
+    The product is used for interconnection of IBM mainframe
+computers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3312" NEWID="14329">
+<DATE> 7-APR-1987 12:29:28.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1580&#31;reute
+u f BC-LME-NICKEL-CLOSE-SLIP   04-07 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME NICKEL CLOSE SLIPS TO DAY'S LOW</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>LME nickel ended the afternoon rings with
+three months metal indicated from 2,355 to 2,360 stg per tonne,
+equivalent to 1.7175 dlrs per lb, unchanged from yesterday's
+afternoon kerb close.
+    The afternoon first ring slipped to the day's low of 2,355
+in very quiet trading which mostly comprised miscellaneous
+carries, traders said. The session high of 2,370 stg was
+reached near the official morning ring close on trade buying
+before speculative profittaking and hedging operations halted
+the advance, traders said. Analysts said the brief rise above
+the 1.72 dlr level gave the market a slightly bullish
+appearance.
+    There was still borrowing interest over the last two
+delivery months at a narrower contango of five stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3313" NEWID="14330">
+<DATE> 7-APR-1987 12:29:42.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1581&#31;reute
+u f BC-cbt-soybean-report   04-07 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYBEAN FUTURES MOSTLY HIGHER AT MIDSESSION</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT soybean futures held gains of three
+to 6-1/2 cents per bushel in moderately light midsession trade,
+with new crop supported by local house buying.
+    Slow country movement, steady to firmer cash soybean basis
+values and a delayed Brazilian harvest combined to support
+futures from the opening, despite a disappointing drop in the
+weekly soybean export figure yesterday, traders said.
+    The advance above the psychologically important 5.00 dlr
+mark in both old and new crop kept the chart picture bullish,
+which could limit declines when South American sales begin to
+pick-up later this month, they added.
+    However, some traders said new crop prices above 5.00 dlrs
+a bushel could encourage some farmers to plant more soybean
+acres than they originally planned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3314" NEWID="14331">
+<DATE> 7-APR-1987 12:29:51.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1582&#31;reute
+r f BC-YUGOSLAVIA-DISCUSSES   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA DISCUSSES COMMERCIAL DEBT REFINANCING</TITLE>
+<DATELINE>    BELGRADE, April 7 - </DATELINE><BODY>Yugoslavia, which refinanced part of
+its 19.7 billion dlr debt in talks with creditor governments
+last week, has begun talks with banks on rescheduling its
+commercial debt, the official Tanjug news agency said.
+    The talks began in Washington yesterday and Tanjug said the
+general attitude of the banks was "favourable."
+    At the same time, other Tanjug reports showed Yugoslavia is
+having difficulties in obtaining a 600 mln ECU loan from the
+European Community (EC) and in receiving money owed to Yugoslav
+firms by Middle Eastern countries.
+    The Western creditor governments and Kuwait agreed on March
+31 to refinance 475 mln dlrs of Yugoslavia's debt due in 1987
+and 1988. This made possible the talks with commercial banks.
+    Tanjug said sources close to the Yugoslav delegation said
+the initial reaction of commercial banks was favourable despite
+their continued insistence on "technical and legal elements."
+    It said it was believed that a commercial debt rescheduling
+would be formally agreed in the next few weeks. Bank debt
+accounts for about 70 pct of Yugoslavia's overall debt, which
+stood at 19.7 billion dlrs at end-1986.
+    Tanjug said Yugoslavia also discussed with its commercial
+creditors the idea of converting some of Yugoslavia's debt into
+joint venture investments but it gave no details of this.
+    It said Deputy Finance Minister Boris Skapin was holding
+talks on this with representatives of Manufacturers Hanover
+Trust Co., Which coordinates the interests of several hundred
+banks in Yugoslav debt negotiations.
+    In a separate report Tanjug said the EC has so far refused
+a Yugoslav request for a 600 mln ECU infrastuctural loan and a
+100 mln ECU grant from the EC budget. The EC had so far only
+agreed to provide 380 mln ECUs towards transport modernisation.
+    It said Yugoslav Finance Minister Svetozar Rikanovic
+yesterday met World Bank and International Monetary Fund
+officials in Washington.
+    It said the World Bank agreed that infrastructural projects
+in Yugoslavia should be accelerated and structural adjustment
+loans should be agreed this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3315" NEWID="14332">
+<DATE> 7-APR-1987 12:31:01.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1586&#31;reute
+u f BC-LME-LEAD-CLOSES-FIRME   04-07 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME LEAD CLOSES FIRMER</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>LME lead prices tended firmer as the
+market edged towards the higher end of its current narrow
+trading range, aided by a burst of cash metal pricing purchases
+in the official morning rings, delers said.
+    Three months delivery ended the afternoon ring at 301.50
+stg, up 2.50 stg a tonne from yesterday afternoon's kerb close,
+and the dollar equivalent ended around 484 dlrs a tonne.
+    The cash metal buying widened the backwardation to around
+seven at one stage from three stg a tonne yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3316" NEWID="14333">
+<DATE> 7-APR-1987 12:31:27.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f1587&#31;reute
+u f BC-NY-SUGAR11-1230   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY SUGAR11 1230
+
+ MAY7  683 UP  4
+ JUL7  697 UP  4
+ SEP7  696 OFF 12
+ OCT7  718 UP  5
+ JAN8 UNTRD
+ MAR8  752 OFF 3
+ MAY8 UNTRD
+ JUL8  780 OFF 3
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3317" NEWID="14334">
+<DATE> 7-APR-1987 12:31:50.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f1588&#31;reute
+u f BC-NY-COFFEE--12-30   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COFFEE  12:30
+
+ MAY7  10235 UP  31
+ JUL7  10435 UP  35
+ SEP7  10635 UP  30
+ DEC7  10900 UNCH
+ MAR8  11100 UP  50
+ MAY8  11300 UP  50
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3318" NEWID="14335">
+<DATE> 7-APR-1987 12:32:09.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1589&#31;reute
+u f BC-LONDON-SUGAR-NO.6-AT   04-07 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SUGAR NO.6 AT 1730 - APR 7</TITLE>
+ MTH   LAST    BYR     SLR    HIGH     LOW SALES
+<DATELINE> May  152.8  152.8     ---   </DATELINE><BODY>153.0   147.0  1504
+ Aug  156.8  156.8     ---   156.8   152.0   495
+ Oct  160.0  161.0     ---   160.0   155.6  1739
+ Dec  161.0  161.6   163.0   163.0   161.0    54
+ TOTAL SALES  3792
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3319" NEWID="14336">
+<DATE> 7-APR-1987 12:32:16.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ CQ
+&#22;&#22;&#1;f1590&#31;reute
+u f BC-cbt-s'beans-vol-oi   04-07 0093</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT SOYBEANS VOLUME/OPEN INTEREST FOR APR 6
+ 000'S-BUSHELS-volume/exchange/open-int/change
+ May 87  21665  7410 114990  dn   725
+ Jly 87  24740    10 156585  up  4075
+ Aug 87   5270     0  40240  up  1210
+ Sep 87   1505     0  18670  up    10
+ Nov 87  17970   195  90095  up  1005
+ Jan 88    660     0   7170  up   200
+ Mch 88     65     0   3095  up    25
+ May 88     70     0    670  up    60
+ Jly 88     55     0    105  up    55
+ Total   72000  7615 431620  up  5915
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3320" NEWID="14337">
+<DATE> 7-APR-1987 12:32:28.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>boesky</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1592&#31;reute
+f f BC-******BOESKY-AIDE-DAV   04-07 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BOESKY AIDE DAVIDOFF CONSENTS TO SEC PENALTIES; AGREES TO HELP INVESTIGATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3321" NEWID="14338">
+<DATE> 7-APR-1987 12:33:13.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f1595&#31;reute
+u f BC-NY-COCOA-12-30   04-07 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COCOA 12:30
+
+ MAY7  1924 OFF 10
+ JUL7  1957 OFF 10
+ SEP7  1985 OFF 4
+ DEC7  2012 OFF 3
+ MAR8 UNTRD
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3322" NEWID="14339">
+<DATE> 7-APR-1987 12:33:23.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ MQ
+&#22;&#22;&#1;f1596&#31;reute
+u f BC-NY-COMEX-SILVER-12-30   04-07 0033</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX SILVER 12:30
+
+ APR7  6670 UP  122
+ MAY7  6710 UP  130
+ JUN7  6720 UP  103
+ JUL7  6785 UP  131
+ SEP7  6865 UP  135
+ DEC7  6980 UP  142
+ JAN8  7000 UP  124
+ MAR8  7070 UP  124
+ MAY8  7190 UP  165
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3323" NEWID="14340">
+<DATE> 7-APR-1987 12:33:33.26</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1597&#31;reute
+u f BC-ussr-crop-weather   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR CROP WEATHER SUMMARY -- USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Gradual warming continued in most
+regions of Western Soviet Union in the week ended April 4, the
+Joint Agricultural Weather Facility of the U.S Agriculture and
+Commerce Departments said.
+    In its International Weather and Crop Summary, the agency
+said most of the region's precipitation fell as rain.
+    The southern snow cover boundary continued to slowly
+retreat northward and eastward, it said.
+    Moderate to deep snow cover the northern half of the
+Ukraine, northern North Caucasus, and the lower Volga, about
+one month later than usual, it said.
+    The agency said average weekly temperatures were below
+normal in the southeast, near normal in the southwest and
+northeast, and above normal in the northwest.
+    Winter grains remained dormant over the region, but warm
+weather promoted greening in crop areas adjacent to the Black
+Sea coast, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3324" NEWID="14341">
+<DATE> 7-APR-1987 12:33:58.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ CQ
+&#22;&#22;&#1;f1600&#31;reute
+u f BC-NY-COMEX-COPPER-12-30   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX COPPER 12:30
+
+ APR7 UNTRD
+ MAY7  6265 UNCH
+ JUN7 UNTRD
+ JUL7  6245 UP  10
+ SEP7  6265 UP  15
+ DEC7  6285 UP  10
+ JAN8 UNTRD
+ MAR8  6340 UP  15
+ MAY8 UNTRD
+ JUL8 UNTRD
+ SEP8 UNTRD
+ DEC8 UNTRD
+ JAN9 UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3325" NEWID="14342">
+<DATE> 7-APR-1987 12:34:11.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1601&#31;reute
+u f BC-DOLLAR-SLIGHTLY-LOWER   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR SLIGHTLY LOWER AT NEW YORK MIDSESSION</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>The dollar remained on the defensive in
+subdued dealings with few traders willing to take any major
+risks ahead of this week's international monetary meetings in
+Washington, dealers said.
+    "Everybody is waiting for developments from the talks. In
+the meantime, it's just jobbing positions back and forth," said
+a dealer at one U.S. bank.
+    The Group of Five, comprising the U.S., Japan, West
+Germany, France and the U.K., are scheduled to convene today.
+    The dollar hovered at 145.25/30 yen, down from 145.85/90
+last night, and eased to 1.8255/60 marks from 1.8260/70.
+    The stage for the dollar's decline was set overnight in the
+Far East where the U.S. currency retreated despite steady
+intervention on its behalf by the Bank of Japan.
+    Dealers in Japan cited speculation that the G-5/G-7 talks
+are unlikely to produce any significant or lasting measures to
+stabilize currencies as one reason for the sell-off.
+    No central bank intervention was detected in the U.S. where
+the dollar kept well within recent trading parameters.
+    Despite the view that trade and economic imbalances dictate
+a downward course for the dollar, few U.S. dealers wished to
+sell it aggressively before this week's meetings.
+    Statements by Federal Reserve Board chairman Paul Volcker
+during testimony before the Senate Banking Committe failed to
+rouse the market from its inertia.
+    Volcker reiterated that a further, sizeable dollar decline
+may be counter-productive. He also said that currency changes
+that have occurred so far should be large enough -- in a
+context of a growing world economy and fiscal restraint in the
+U.S. -- to support expectations for a narrower U.S. trade gap.
+    "There was nothing new or remarkable there," said a dealer
+at one European bank. The dollar's brief rise to 1.8270 marks
+was already underway when Volcker spoke, he added.
+    With the dollar becalmed, dealers looked to cross-rates,
+especially sterling, yen and Swiss franc, for interest.
+    Sterling continued to benefit from U.K. public opinion
+polls indicating a lead for the ruling Conservative party in
+any general election and following signals of an improved
+economy.
+    The pound hovered at 1.6175/85 dlrs, unchanged from Monday,
+and at 2.955 marks, off slightly from about 2.955 last night.
+    The dollar eased to 1.5120/30 Swiss francs from 1.5180/90,
+and to 1.3048/53 Canadian dollars from 1.3080/85 yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3326" NEWID="14343">
+<DATE> 7-APR-1987 12:34:27.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1602&#31;reute
+b f BC-LONDON-COCOA-CLOSES-N   04-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON COCOA CLOSES NARROWLY MIXED</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Cocoa futures ended a moderate day's
+trade narrowly mixed from last night at one stg down to two up
+in a 2,227 lot volume including 523 crossed and 278 switches.
+    Dealers said contrasting bearish and bullish factors kept
+the market in narrow range trading, leaving July quoted at
+1,319 stg from 1,318 asked yesterday and a high-low of
+1,324/1,316.
+    Prices were pressured early by firm sterling against the
+dollar as well as overhead West African new crop offers.
+    Opposing support was seen from prospective ICCO buffer
+stock buying (possibly next week) and recent Bahia Temperao
+crop forecasts at down to 1.5 mln bags, dealers said.
+    The Ivory Coast was believed to have sold new crop
+yesterday around 1,325 French francs per 100 kilos cif while
+Ghana was also reported to be offering new crop at 1,460 stg a
+tonne cif.
+    Such offers were still available although the fall from
+earlier highs would have made them out of reach, dealers said.
+    Resale physicals were basically quiet although some
+book-squaring was likely to have taken place in the run-up to
+buffer stock buying, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3327" NEWID="14344">
+<DATE> 7-APR-1987 12:34:34.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1603&#31;reute
+u f BC-SIOUX-FALLS-HOGS-UP-1   04-07 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIOUX FALLS HOGS UP 1.50/1.75 DLR - USDA</TITLE>
+<DATELINE>    sioux falls, april 7 - </DATELINE><BODY>barrow and gilt prices rose 1.50 dlr
+to mostly 1.75 dlr in active trade amid very good demand, the
+usda said. top 52.00 dlrs per cwt.
+    us 1-3 220-250 lbs 51.75-52.00, 210-220 lbs 51.50-52.00 and
+some near 200 lbs 50.50.
+    sows - up 0.50 dlr.
+    us 1-3 500-650 lbs 46.00-46.50 and few 600-650 lbs 47.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3328" NEWID="14345">
+<DATE> 7-APR-1987 12:34:51.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f1605&#31;reute
+u f BC-CME-12-30--EDT   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME 12:30  EDT
+
+L-CATTLE
+APR7  69.75 UP  0.35
+JUN7  65.17 UP  0.15
+AUG7  61.07 UP  0.20
+F-CATTLE
+APR7  69.22 UP  0.12
+MAY7  68.30 UP  0.08
+AUG7  66.65 UP  0.25
+HOGS
+APR7  50.70 UP  0.88
+JUN7  49.60 UP  1.13
+JUL7  47.90 UP  1.03
+BELLIES
+MAY7  67.05 UP  0.65
+JUL7  65.55 UP  0.70
+AUG7  62.55 UP  0.95
+FEB8  56.27 UP  0.67
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3329" NEWID="14346">
+<DATE> 7-APR-1987 12:35:00.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1606&#31;reute
+u f BC-CBT-SILVER-12-30-EDT   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT SILVER 12:30 EDT
+1,000 OUNCE
+ APR7  6700 UP  130
+ MAY7  6730 UP  130
+ JUN7  6740 UP  100
+ AUG7  6850 UP  130
+ OCT7  6900 UP  100
+ DEC7  7000 UP  120
+ FEB8  7070 UP  110
+ APR8  7150 UP  110
+ JUN8  7250 UP  130
+ AUG8  7370 UP  170
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3330" NEWID="14347">
+<DATE> 7-APR-1987 12:35:10.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1607&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 12:30   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7 272 1/2            OFF 1 1/2
+ JUL7 262 1/4            OFF   3/4
+ SEP7 264 1/2            OFF   3/4
+ DEC7 269 3/4            OFF     1
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7     285            UP  1 1/2
+ JUL7     282            UP  1 1/4
+ SEP7 277 1/2            UP  1 1/2
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3331" NEWID="14348">
+<DATE> 7-APR-1987 12:35:30.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1609&#31;reute
+u f BC-CBT-12-30-EDT   04-07 0112</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 12:30 EDT
+WHEAT
+MAY7  286 1/4 UNCH
+JUL7  271 1/2 OFF 1 1/4
+SEP7  272 1/4 OFF  3/4
+DEC7  277 1/4 OFF  3/4
+MAR8  277 OFF  1/4
+CORN
+MAY7  159 1/2 UP  1 1/4
+JUL7  163 UP  1 1/4
+SEP7  168 UP  1 3/4
+DEC7  176 1/2 UP  1 3/4
+MAR8  183 1/2 UP  1 3/4
+OATS
+MAY7  148 1/2 OFF 1 1/2
+JUL7  138 OFF  1/2
+SEP7  129 UP   3/4
+DEC7  134 1/2 UP   1/2
+MAR8  136 3/4 UNCH
+BEANS
+MAY7  502 UP  2 1/4
+JUL7  503 1/4 UP  3
+AUG7  503 UP  3 1/2
+SEP7  499 1/2 UP  5 1/2
+NOV7  501 3/4 UP  5 3/4
+JAN8  508 1/2 UP  6
+MEAL
+MAY7  1460 UP  7
+JUL7  1459 UP  8
+AUG7  1460 UP  10
+SEP7  1465 UP  14
+OCT7  1467 UP  16
+OIL
+MAY7  1555 UP  12
+JUL7  1589 UP  11
+AUG7  1606 UP  11
+SEP7  1624 UP  13
+OCT7  1638 UP  13
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3332" NEWID="14349">
+<DATE> 7-APR-1987 12:35:41.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1611&#31;reute
+u f BC-CME-12-30--EDT   04-07 0053</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME 12:30  EDT
+
+L-CATTLE
+APR7  69.72 UP  0.32
+JUN7  65.15 UP  0.13
+AUG7  61.05 UP  0.18
+F-CATTLE
+APR7  69.22 UP  0.12
+MAY7  68.30 UP  0.08
+AUG7  66.65 UP  0.25
+HOGS
+APR7  50.60 UP  0.78
+JUN7  49.70 UP  1.23
+JUL7  47.85 UP  0.98
+BELLIES
+MAY7  66.95 UP  0.55
+JUL7  65.50 UP  0.65
+AUG7  62.55 UP  0.95
+FEB8  56.15 UP  0.55
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3333" NEWID="14350">
+<DATE> 7-APR-1987 12:35:47.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1612&#31;reute
+u f BC-NY-COMEX-ALUMINUM-12-   04-07 0041</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX ALUMINUM 12:31
+        LAST CHANGE
+APR7    UNTRD
+MAY7    6150 UNCH
+JUN7    UNTRD
+JUL7    UNTRD
+SEP7    5795 UP  15
+DEC7    UNTRD
+JAN8    UNTRD
+FEB8    UNTRD
+MAR8    UNTRD
+MAY8    UNTRD
+JUL8    UNTRD
+SEP8    UNTRD
+DEC8    UNTRD
+JAN9    UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3334" NEWID="14351">
+<DATE> 7-APR-1987 12:35:58.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1613&#31;reute
+r f BC-HOUSE-LEADER-THINKS-T   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE LEADER THINKS TAX HIKE WILL PASS</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>House Democratic leader Thomas Foley
+said he thought the House would approve a budget resolution
+calling for 22 billion dlrs of new revenues including 18
+billion dlrs of new taxes.
+    "I think we will have enough votes to pass the budget
+resolution and implement it," Foley told reporters.
+    Asked why he thought a majority of the House was willing to
+support higher taxes, Foley said, "The deficit problem has
+become more apparent." President Reagan has said he will veto
+any legislation raising taxes. The House is expected to act on
+the budget resolution this week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3335" NEWID="14352">
+<DATE> 7-APR-1987 12:36:13.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f1614&#31;reute
+u f BC-QT8913   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS HIGHER AT MIDSESSION</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Wall Street demonstrated its
+perseverance today as it recovered from an early wave of
+selling and posted a strong advance at midday. The gain was
+fueled by a strong auto sector as investors accumulated the
+stocks in anticipation of bullish news later this week.
+    The Dow Industrials, down 10 in the first minutes of the
+session when a weak dollar and falling bond prices underscored
+the market's lingering interest rate anxieties, recovered to
+stand at 2417, up 11 points at midday. The broader market
+showed less vigor, however, as advances eked out a lead over
+declines. Volume was a strong 106 mln shares.
+   Ford, up over a point for most of the session, stood at
+90-5/8, up 1/2. Traders said that speculation that the company
+will announce a stock split and dividend increase at its board
+meeting on Thursday, encouraged the buying. Ford rose 2-5/8
+yesterday.
+    General Motors rose 1-5/8 to 83-1/8 in anticipation of
+bullish news coming out of an analysts meeting scheduled for
+Thursday and Friday, traders said. Chrysler, not expected to
+make any major announcements this week, fell 1/2 to 57-3/4.
+    "With the bonds weak this morning, the blue chips have been
+holding the market up and that advance was sustained by an
+influx of foreign money," analyst Charles Jensen of MKI
+Securities said. "But poor breadth and poor performance by the
+transport and utility averages and the fact the market is at
+the top of its trading band supported in large part by foreign
+cash, makes this market vulnerable," he said.
+    Traders noted that Federal Reserve chairman Paul Volcker's
+remarks today concerning the dollar's performance and its
+bearing on monetary policy, injected caution into many
+investors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3336" NEWID="14353">
+<DATE> 7-APR-1987 12:36:20.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f1615&#31;reute
+u f BC-engelhard-silver   04-07 0019</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ ENGELHARD SILVER PRICES - APR 7
+ Base price   669.50  (660.50)
+ Fabricated   716.40  (704.10)
+
+               
+
+
+
+
+
+   
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3337" NEWID="14354">
+<DATE> 7-APR-1987 12:36:30.58</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1616&#31;reute
+u f BC-us-cotton-weather-noa   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WEATHER/COTTON SUMMARY -- USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Cotton planting continued progressing
+in the week ended April 5, but cold, wet weather in the South
+hampered seedbed preparation, the Joint Agricultural Weather
+Facility of the U.S. Agriculture and Commerce Departments said.
+    In a summary of its Weather and Crops Bulletin, the agency
+said planting increased in California as soil temperatures
+improved.
+    Texas planted 10 pct compared with an average of eight pct.
+Arizona and Georgia planted 35 pct and two pct, respectively,
+it said.
+    Oklahoma farmers prepared 10 pct of their cotton seedbeds,
+15 points below average, the agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3338" NEWID="14355">
+<DATE> 7-APR-1987 12:36:38.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M
+&#22;&#22;&#1;f1617&#31;reute
+u f BC-ny-silver-clsg-report   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMEX SILVER FUTURES HOLD GAINS AT MIDDAY</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex silver futures held sharply
+higher morning levels at midday, but further advances were
+checked by overseas and commercial selling.
+    May was up 12.5 cents at 6.705 dlrs as of 1223 hrs EDT.
+July was up 13.1 cents at 6.785 dlrs, both exactly as they were
+at 1000 hrs EDT this morning.
+    Traders said locals remain long and speculative interest
+continues. But profit taking has intensified on expectations of
+a corrective downward move if the market becomes overbought.
+    Some interest has been drawn away from silver by a further
+record-setting stock market advance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3339" NEWID="14356">
+<DATE> 7-APR-1987 12:37:31.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1619&#31;reute
+u f BC-PORK-BELLY-FUTURES-HI   04-07 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORK BELLY FUTURES HIGHER AT MIDSESSION</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Pork belly (bacon) futures fell for net
+losses after starting higher, but firmed again at midsession to
+post gains of 0.25 to 0.60 cent paced by February.
+    Strength in other meat pits, especially live hog futures,
+stimulated renewed local demand. Higher cash hog markets, light
+runs as farmers take to the fields and possibly light slaughter
+prompted support. Technical buying after yesterday's reversal
+action added to the advance, traders said.
+    Commission house profit-taking selling prompted by
+expectations of a negative out of town storage report this
+afternoon weighed on prices early. Guesses on the report ranged
+from in 1.0 to 2.25 mln lbs, they noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3340" NEWID="14357">
+<DATE> 7-APR-1987 12:37:48.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f1620&#31;reute
+u f BC-DOLLAR-STEADY-IN-EURO   04-07 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR STEADY IN EUROPE AHEAD OF WASHINGTON TALKS</TITLE>
+<AUTHOR>    By Rowena Whelan, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>The dollar was steady ahead of a series
+of meetings of leading finance ministers starting today in
+Washington, despite low expectations for the outcome of the
+talks and still negative underlying sentiment toward the
+dollar.
+    "There's too much disagreement between the Japanese and the
+rest for them to come out with anything unanimous," said one
+U.K. Merchant bank trader, reflecting the general tone.
+    However, dealers said position squaring helped push the
+dollar to a final 1.8240/50 marks, up from the opening
+1.8195/205 and near yesterday's close of 1.8245/55.
+    Meanwhile, the pound was underpinned by today's opinion
+poll findings of further strong support for the Conservative
+Party, but fear of Bank of England intervention limited buying.
+    Dealers said they doubted the U.K. Central bank had needed
+to sell sterling to curb rises today, with the markets so
+quiet. The Bank of England was rumoured to have sold pounds
+yesterday.
+    Sterling ended at 72.3 pct on the trade weighted index,
+unchanged from the opening but off 0.1 point from yesterday's
+finish. It closed at 1.6185/95 dlrs, after an opening 1.6213/23
+and previous close of 1.6163/73, and at 2.9490/520 marks,
+against an opening 2.9540/75 and yesterday's 2.9490/530.
+    Traders said there was little hope that the Western
+financiers will be able to find a lasting solution to the
+problem of currency instability during the current series of
+talks in Washington.
+    These are scheduled to start today with an informal Group
+of Five (G-5) session.
+    Tomorrow's Group of Seven meeting - of the U.S., Japan,
+West Germany, France, the U.K., Italy and Canada - is seen as
+the key meeting.
+    Traders said few operators will be prepared to open
+positions ahead of news emerging from the talks.
+    However, some traders said that, given the low level of
+expectations, the market could be particularly susceptible to
+signs of accord between the U.S. And Japan, which would give
+the dollar a sharp upward push.
+    They said interest is still largely centred on the yen,
+with any fresh dollar weakness expected to show in that market
+first.
+    Meanwhile, today's comments from U.S. Federal Reserve Board
+Chairman Paul Volcker failed to have a lasting impact on the
+market. His statement that a further sizeable dollar fall could
+be counter-productive aided a brief run-up in mid-afternoon,
+but there was little followthrough, traders said.
+    The dollar finished at 145.25/35 yen, up from an opening
+145.05/15 but below yesterday's European close of 146.00/10.
+    It ended at 1.5120/30 Swiss francs, against the start of
+1.5130/40 and previous final 1.5180/90, and at 6.0650/700
+French francs, after beginning at 6.0525/75 and ending
+yesterday at 6.0660/710.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3341" NEWID="14358">
+<DATE> 7-APR-1987 12:38:05.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M
+&#22;&#22;&#1;f1622&#31;reute
+u f BC-ny-gold-mids-report   04-07 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GOLD FUTURES HOLD PARED GAINS AT MIDSESSION</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex gold futures held pared gains at
+midsession after the metal repeatedly stalled in the face of
+trade selling resistance, analysts said.
+    They attributed gold's modest price rise to a buoyant
+silver market. Professional traders and investors again bought
+silver on speculation it would soon hit seven dlrs an ounce.
+    The pacesetting June gold delivery traded at 423.60 dlrs an
+ounce, up one dlr but below a session high of 425.20 dlrs.
+Other contracts were 80 cts to 1.50 dlrs firmer.
+    Trading was thin as participants closely watched the
+foreign exchange and U.S. stock markets, brokers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3342" NEWID="14359">
+<DATE> 7-APR-1987 12:38:30.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1625&#31;reute
+r f BC-DALTEX-&lt;DLTX>-ASSIGNE   04-07 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DALTEX &lt;DLTX> ASSIGNED PATENT FOR SKIN THERAPY</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Daltex Medical Sciences Inc said a
+non-toxic, oral drug to treat skin disorders, such as redness,
+scattered pimples, yellow and wrinkling associated with aging,
+has been filed by the inventors and assigned to the company.
+    The inventors are Dr. Albert M. Kligman and Dr. Gerd
+Plewig. Kligman, a University of Pennsylvania dermatologist,
+discovered the use of retinoic acid for treating acne.
+    Daltex said initial tests of the drug, a retinoid compound,
+have proved effective in treating "problem" skin most often
+found in those over 50 and in those whose skin problems have
+been aggravated by excessive sun exposure.
+    In a Daltex statement, Dr Kligman said that daily doses of
+the drug can "moderate or reverse" a number of skin problems
+without the side effects typically associated with retinoid
+compounds.
+    He said more than 100 men and women in the U.S. and Germany
+have been treated for six months to two years with the drug,
+and said studies indicate that its therapeutic effect can be
+maintained if patients take maintenance doses two or three
+times a week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3343" NEWID="14360">
+<DATE> 7-APR-1987 12:38:44.17</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1627&#31;reute
+r f BC-n'orleans-grain-ships   04-07 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN SHIPS WAITING AT NEW ORLEANS</TITLE>
+<DATELINE>    New Orleans, April 7 - </DATELINE><BODY>Nine grain ships were loading and 16
+were waiting to load at New Orleans elevators, trade sources
+said.
+ ELEVATOR                     LOADING  WAITING
+ Continental Grain, Westwego     1      5
+ Mississippi River, Myrtle Grove 1      0
+ ADM Growmark                    1      2
+ Bunge Grain, Destrehan          1      0
+    ELEVATOR                LOADING  WAITING
+ ST CHARLES DESTREHAN         1      1
+ RESERVE ELEVATOR CORP        1      0
+ PEAVEY CO, ST ELMO           1      1
+ CARGILL GRAIN, TERRE HAUTE   1      4
+ CARGILL GRAIN, PORT ALLEN    0      0
+ ZEN-NOH                      1      3
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3344" NEWID="14361">
+<DATE> 7-APR-1987 12:39:26.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1629&#31;reute
+u f BC-cbt-soyproduct-report   04-07 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYPRODUCT FUTURES HIGHER AT MIDSESSION</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT soyproduct futures continued to
+trade higher in light midsession trade, with deferred months up
+most, supported by the strong tone in the nearby soybean pit,
+traders said.
+    Soymeal held gains of 0.70 dlr to 2.00 dlrs per tonne, with
+steadiness in Rotterdam meals and U.S. cash soymeal basis
+values this morning, plus trade-talk of additional processor
+down-time in the U.S over the next few weeks, adding to the
+positive tone in meal futures, they said.
+    Merrill Lynch and E.F. Hutton were the featured outright
+buyers of May soymeal, with Cargill spreading May/July at 0.20
+dlr premium May, pit brokers said.
+    Soyoil futures were up 0.11 to 0.15 cent per lb, supported
+by steady commercial buying.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3345" NEWID="14362">
+<DATE> 7-APR-1987 12:39:50.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1630&#31;reute
+u f BC-cash-beef/pork-prices   04-07 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASH WHOLESALE BEEF PRICES</TITLE>
+<DATELINE> FOB RIVER - </DATELINE><BODY>NOON CDT  APRIL 7
+        CENTS PER LB   CHANGE
+ CHOICE STEERS
+ YIELD GRADE 3
+ 600/700  unquoted
+ 700/800  unquoted
+ 800/900  unquoted
+ CHOICE HEIFERS
+ 500/550  87-88        unch to off 1
+ 550/700  unquoted
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3346" NEWID="14363">
+<DATE> 7-APR-1987 12:40:05.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1631&#31;reute
+b f BC-LONDON-COFFEE-ROBUSTA   04-07 0037</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON COFFEE ROBUSTA VOLUME - APR 7
+    The London coffee robusta closing volume has been revised
+to 4170 incl 6 options with the following break-down.
+ May 1193
+ Jul 1556
+ Sep  458
+ Nov  201
+ Jan  631
+ Mar  131
+ May  nil
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3347" NEWID="14364">
+<DATE> 7-APR-1987 12:40:32.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1632&#31;reute
+u f BC-LME-ZINC-CLOSES-STEAD   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME ZINC CLOSES STEADY AT LOWER LEVELS</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>LME zinc after lunch held steady around
+lower morning levels as some light buying emerged around the
+730 dlrs equivalent level, dealers said. This saw three months
+delivery end afternoon ring dealings at 456 stg, down one stg a
+tonne from yesterday afternoon's kerb close, and the dollar
+equivalent ended around 733 dlrs, down one.
+    In the morning, light trade selling in a thin market had
+taken three months down to 730 but failed to attract any follow
+through selling.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3348" NEWID="14365">
+<DATE> 7-APR-1987 12:41:27.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f1634&#31;reute
+u f BC-NYSE-INDEX-AT-1230   04-07 0006</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE INDEX AT 1230
+
+ 208.10 UP  0.62
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3349" NEWID="14366">
+<DATE> 7-APR-1987 12:41:54.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1636&#31;reute
+b f BC-U.S.-SAYS-NO-PACT-ON   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAYS NO PACT ON RELIEF FOR POOREST STATES</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Industrial countries do not agree on
+ways to provide debt relief for the world's poorest nations, a
+senior U.S. Treasury official said.
+    A senior U.S. Treasury official said, "There has not been a
+consensus reached yet," when asked about reports the Paris club
+of western creditors had agreed to long-term stretch outs of
+African debt at concessional interest rates.
+    The official, briefing reporters on this week's semiannual
+IMF meetings, said the issue would be discussed this week and
+the U.S. had an open mind on the proposal but it did object to
+concessional interest rate relief.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3350" NEWID="14367">
+<DATE> 7-APR-1987 12:42:03.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1637&#31;reute
+r f BC-BIFFEX-FALLS-FURTHER   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIFFEX FALLS FURTHER BY CLOSE</TITLE>
+<DATELINE>    LONDON, April 7 - </DATELINE><BODY>Dry cargo futures on BIFFEX extended
+early losses during the afternoon session to close 30 to 52
+points lower because of uncertainty as to where the physical
+market will go in the near term, dealers said.
+    Initial panic profit-taking snowballed and triggered
+further sell stops. A 2.5 point fall in the Baltic Freight
+Index to 1030.5 further dampened sentiment after its strong
+advance over the past week, they added.
+    Rumours of lower rates circulated the market this
+afternoon, but some dealers said easier fixtures talked of
+today involved older tonnage and may not be representive of
+current conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3351" NEWID="14368">
+<DATE> 7-APR-1987 12:42:10.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1638&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 12:40   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7 272 3/4            OFF 1 1/4
+ JUL7 262 1/2            OFF   1/2
+ SEP7 264 1/2            OFF   3/4
+ DEC7 269 3/4            OFF     1
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7 284 3/4            UP  1 1/4
+ JUL7 281 3/4            UP      1
+ SEP7 277 1/2            UP  1 1/2
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3352" NEWID="14369">
+<DATE> 7-APR-1987 12:42:15.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1639&#31;reute
+u f BC-WEST-FARGO-CATTLE-UP   04-07 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST FARGO CATTLE UP 2.00 DLRS - USDA</TITLE>
+<DATELINE>    west fargo, april 7 - </DATELINE><BODY>slaughter cattle rose 2.00 dlrs, the
+usda said.
+    steers - choice 2-4 1030-1360 lbs 63.75-65.50.
+    heifers - choice 2-4 976-1325 lbs 61.00-63.50.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3353" NEWID="14370">
+<DATE> 7-APR-1987 12:42:25.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1640&#31;reute
+u f BC-cash-ham/loin-prices   04-07 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASH WHOLESALE PORK PRICES</TITLE>
+<DATELINE> FOB RIVER - </DATELINE><BODY>NOON CDT  APRIL 7
+        CENTS PER LB    CHANGE
+ BELLIES
+ 12-14  60              unch
+ 14-16  60              unch
+ 16-18  57              unch
+ HAMS
+ 14-17  unquoted
+ 17-20  73-73-1/2       off 10-1/2 to 11
+ LOINS
+ 14-18  98-100          unch to up 2
+ 18-22  100             up 4
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3354" NEWID="14371">
+<DATE> 7-APR-1987 12:42:32.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1641&#31;reute
+u f BC-cash-sorghum   04-07 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASH GRAIN SORGHUM PRICES</TITLE>
+<DATELINE>    Kansas City, April 7 - </DATELINE><BODY>The following cash sorghum prices
+were reported by trade sources this morning in dlrs per cwt-
+    LOCATION         TODAY      PREVIOUS
+ Delivered
+    W COAST          4.50-4.55  4.48-4.53 
+    GULF             3.23-3.28  3.27-3.32 
+ FOB Country Points
+    WEST TEXAS       3.20       3.20      
+    TEXAS PANHANDLE  3.05       3.05      
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3355" NEWID="14372">
+<DATE> 7-APR-1987 12:42:50.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1643&#31;reute
+u f BC-COCOA/COFFEE/SUGAR-TR   04-07 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA/COFFEE/SUGAR TRADE NEWS/MARKET COMMENT</TITLE>
+<DATELINE>    LONDON, April 7 - Cocoa physical trade - </DATELINE><BODY>West African
+origins believed near market, especially Ivory and Ghana. Ivory
+reported traded yesterday around 1,325 French Francs per 100
+kilos cif for new crop while Ghana was offering at 1,460 stg a
+tonne cif, also for new crop... Offtake small, restricted to
+dealer book-squaring ahead of buffer stock buying which
+possibly next week, some say... Ghana resale June/Aug 60 stg
+over Sep.
+    Cocoa comment/market talk - Terminal on defensive on firm
+sterling and overhanging West African new crop offers, but
+prospective buffer stock buying and lower Bahia Temperao crop
+(possibly down to 1.5 mln bags from 2.0/2.5 mln) constructive.
+    Sugar physical trade - Malta tendering for 3,000 tonnes
+whites today for arrival in two equal parts in May and June. No
+news by late afternoon... India in tomorrow for one/two cargoes
+whites with Syria tendering same day for 36,000 tonnes whites
+for June/July/Aug shipment... EC export tender tomorrow but
+after last week's heavy authorised exports (102,350 tonnes) at
+the highest ever-rebate of 46.864 Ecus per 100 kilos, and with
+move to intervention of near 800,000 tonnes, tomorrow's result
+is anybody's guess, traders said... Pakistan tendering
+Saturday.
+    Sugar comment/market talk - Afternoon terminal rally after
+fall which had been linked to lack of Soviet/Chinese offtake.
+    Coffee physical market - Origin offers scarce and roaster
+demand quieted down... Roasters may be adequately covered for
+time being after Brazilian, Colombian and Mexican sales over
+the past week.
+    Coffee market talk and comment - Futures quietly firmer,
+but trade featureless. Prices seem to be consolidating at
+current levels following recent declines, but will need further
+signs of demand to sustain support, dealers said... With Brazil
+May registrations out of the way, market is awaiting fresh
+fundamental news to provide direction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3356" NEWID="14373">
+<DATE> 7-APR-1987 12:43:03.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1644&#31;reute
+u f BC-CBT-12-40-EDT   04-07 0111</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 12:40 EDT
+WHEAT
+MAY7  286 3/4 UP   1/2
+JUL7  271 3/4 OFF 1
+SEP7  272 1/2 OFF  1/2
+DEC7  277 1/2 OFF  1/2
+MAR8  277 OFF  1/4
+CORN
+MAY7  159 1/4 UP  1
+JUL7  163 1/4 UP  1 1/2
+SEP7  168 1/4 UP  2
+DEC7  176 3/4 UP  2
+MAR8  183 1/2 UP  1 3/4
+OATS
+MAY7  148 OFF 2
+JUL7  138 OFF  1/2
+SEP7  129 UP   3/4
+DEC7  134 UNCH
+MAR8  136 3/4 UNCH
+BEANS
+MAY7  502 1/4 UP  2 1/2
+JUL7  503 1/2 UP  3 1/4
+AUG7  503 1/4 UP  3 3/4
+SEP7  500 1/4 UP  6 1/4
+NOV7  501 3/4 UP  5 3/4
+JAN8  509 1/4 UP  6 3/4
+MEAL
+MAY7  1461 UP  8
+JUL7  1460 UP  9
+AUG7  1460 UP  10
+SEP7  1465 UP  14
+OCT7  1467 UP  16
+OIL
+MAY7  1555 UP  12
+JUL7  1590 UP  12
+AUG7  1606 UP  11
+SEP7  1624 UP  13
+OCT7  1638 UP  13
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3357" NEWID="14374">
+<DATE> 7-APR-1987 12:43:12.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1645&#31;reute
+u f BC-ny-plat/pall-clsg-rep   04-07 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. PLATINUM FUTURES HIGHER AT MIDSESSION</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Platinum futures were higher at
+midsession as the precious metal continued to mirror the action
+in the nearby silver pit, analysts said.
+    Silver was trading in the upper end of the day's wide
+range, bolstered by speculative buying on a belief that it
+would continue to rise toward seven dlrs an ounce basis May.
+    The key July platinum delivery traded at 571.50 dlrs an
+ounce, up 2.90 dlrs but under a session high of 577.50 dlrs.
+Other months were 3.70 to 7.30 dlrs higher.
+    However, trading was thin as many participants watched the
+foreign exchange and U.S. stock and bond markets.
+    Meanwhile, palladium was up 70 cts to 2.20 dlrs in
+sympathetic buying to platinum.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3358" NEWID="14375">
+<DATE> 7-APR-1987 12:44:00.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>boesky</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1646&#31;reute
+b f BC-BOESKY-AIDE-AGREES-TO   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOESKY AIDE AGREES TO STOCK TRADING PENALTIES</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Michael Davidoff, head trader for
+Ivan Boesky's Seemala Corp, consented to Securities and
+Exchange Commission penalities and agreed to help in its
+continuing investigation of insider trading, the SEC said.
+    Davidoff recently pleaded guilty in federal court to
+violating the net capital requirements governing brokers and
+traders.
+    The SEC had filed similar charges and it said Davidoff had
+consented to a final judgement enjoing him from future stock
+trading violations.
+    The SEC said Davidoff consented to its order without
+admitting or denying the allegations that he aided and abetted
+violations by a broker and dealer.
+    It also said Davidoff consented to a planned SEC order to
+bar him from future securities dealings.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3359" NEWID="14376">
+<DATE> 7-APR-1987 12:44:15.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1648&#31;reute
+f f BC-******GENERAL-PARTNER   04-07 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL PARTNERS IS TERMINATING OFFER FOR GENCORP INC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3360" NEWID="14377">
+<DATE> 7-APR-1987 12:45:34.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1651&#31;reute
+r f BC-mpls-grain-carlots   04-07 0068</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MINNEAPOLIS GRAIN CARLOTS APRIL 7
+   (in thousands/cars)
+           RECEIPTS YEAR AGO SHIPMENTS
+ WHEAT       186      54        71
+ CORN          1       2         0
+ OATS          5       0         0
+ BARLEY       90      41        58
+ RYE           1       0         0
+ SOYBEANS      0       1         0
+ SUNFLOWER     1      11         0
+ FLOUR         0       0        38
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3361" NEWID="14378">
+<DATE> 7-APR-1987 12:45:44.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L C
+&#22;&#22;&#1;f1652&#31;reute
+u f BC-TX/W-OKLA-FEEDLOT-CAT   04-07 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TX/W OKLA FEEDLOT CATTLE STDY/UP 0.50 DLR-USDA</TITLE>
+<DATELINE>    amarillo, april 7 - </DATELINE><BODY>slaughter steers were firm and heifers
+steady to 0.50 dlr higher in slow trade, the usda said.
+    Feedlots reported fairly good interest and inquiry from
+buying sources.
+    Sales on 3,600 steers and 700 heifers. week to date 43,900
+head.
+    steers - good and mostly choice 2-3 1025-1150 lbs
+69.50-70.00.
+    heifers - few pens good and mostly choice 2-3 925-1025 lbs
+68.00-68.50.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3362" NEWID="14379">
+<DATE> 7-APR-1987 12:45:49.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f1653&#31;reute
+r f BC-mpls-vol-oi   04-07 0060</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MINNEAPOLIS WHEAT VOL/OPEN INTEREST--APRIL 6
+ (VOL,OPEN INTEREST and CHANGE)
+ SPRING WHEAT
+ MAY  2825 10127 up   92  WHITE WHEAT
+ JLY   515  3875 up  305  not trading
+ SEP   370  4358 up   10
+ DEC    25   595 up   25
+ MCH     0    10    unch
+ TTL  3735 18965 up  432
+ WHEAT FUTURES FOR CASH -
+ May 535, Sep 100, Total 635
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3363" NEWID="14380">
+<DATE> 7-APR-1987 12:46:23.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1654&#31;reute
+f f BC-******MIYAZAWA-LEAVES   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MIYAZAWA LEAVES HOTEL FOR MEETING WITH BAKER AT TREASURY, JAPANESE OFFICIALS SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3364" NEWID="14381">
+<DATE> 7-APR-1987 12:46:43.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f1655&#31;reute
+u f BC-chgo-rcpts-shpmnts   04-07 0052</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHICAGO RECEIPTS AND SHIPMENTS FOR APRIL 7 
+    (IN BUSHELS)
+              WHEAT   CORN    SOYBEANS
+ TOTAL RCPTS      933 273,818  15,162
+ TOTAL SHPTS        0 145,251       0
+ RAIL  RCPTS        0 151,000       0
+ RAIL  SHPTS        0 145,251       0
+ TRUCK RCPTS      933 122,818  15,162
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3365" NEWID="14382">
+<DATE> 7-APR-1987 12:47:13.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1657&#31;reute
+u f BC-CME-12-45--EDT   04-07 0052</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME 12:45  EDT
+
+L-CATTLE
+APR7  69.72 UP  0.32
+JUN7  65.17 UP  0.15
+AUG7  61.07 UP  0.20
+F-CATTLE
+APR7  69.10 UNCH
+MAY7  68.15 OFF 0.07
+AUG7  66.55 UP  0.15
+HOGS
+APR7  50.65 UP  0.83
+JUN7  49.65 UP  1.18
+JUL7  47.85 UP  0.98
+BELLIES
+MAY7  67.20 UP  0.80
+JUL7  65.60 UP  0.75
+AUG7  62.40 UP  0.80
+FEB8  56.15 UP  0.55
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3366" NEWID="14383">
+<DATE> 7-APR-1987 12:47:24.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1659&#31;reute
+u f BC-USX,-75,000,-49-5/8,   04-07 0008</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+USX, 75,000, 49-5/8, UP 3/8, CROSSED BY FIRST BOSTON
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3367" NEWID="14384">
+<DATE> 7-APR-1987 12:47:30.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f1660&#31;reute
+r f BC-cbt-silver-vol-oi   04-07 0080</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT SILVER VOLUME/OPEN INTEREST FOR APRIL 6
+     VOLUME  OPEN-INT  CHANGE
+ Apr   12      127    dn  177
+ May   26       38    dn    7
+ Jun 2428     6868    dn  478
+ Aug   74      567    up   34
+ Oct   14      156    dn    1
+ Dec  202     3318    up   35
+ Feb    3      251       unch
+ Apr   12     1274       unch
+ Jun   10      112    up    5
+ Aug    0        9       unch
+ TTL 2781    12720    dn  589
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3368" NEWID="14385">
+<DATE> 7-APR-1987 12:47:54.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f1662&#31;reute
+u f BC-us-crop-weather-noaa   04-07 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LIVESTOCK STRESSED BY WEATHER--USDA/NOAA</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Snow and freezing temperatures
+stressed livestock in the eastern half of the United States in
+the week ended April 5, the Joint Agricultural Weather Facility
+of the U.S. Agriculture and Commerce Departments said.
+    In a summary of its weekly Weather and Crop Bulletin, the
+agency said most Nebraska and Kansas livestock are fair as calf
+losses from the storm during the week were variable.
+    Calving and lambing continued.
+    Freezing temperatures slowed pasture growth in most areas,
+the agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3369" NEWID="14386">
+<DATE> 7-APR-1987 12:48:47.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1663&#31;reute
+u f BC-SAO-PAULO-COFFEE-OPG   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SAO PAULO COFFEE OPG APR 7
+ MAY 2.310,00/2.335,00
+ JLY 2.800,00/2.830,00
+ SEP 3.320,00/3.330,00
+ DEC 4.770,00/4.830,00
+ MCH 6.920,00/7.000,00
+ MAY 8.201,00B
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3370" NEWID="14387">
+<DATE> 7-APR-1987 12:48:52.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f1664&#31;reute
+r f BC-cbt-gold-vol-oi   04-07 0057</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT KILO GOLD VOLUME/OPEN INTEREST
+ FOR APRIL 6, (volume/open interest/change)
+ KILO GOLD
+ Apr    4    54  dn    6
+ Jun  375  1544  dn   40
+ Aug    2    54  up    1
+ Oct    1    27  up    1
+ Dec   13   149  up    2
+ Feb    0    22     unch
+ Apr    0    11     unch
+ Ttl  395  1861  dn   42
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3371" NEWID="14388">
+<DATE> 7-APR-1987 12:50:36.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1666&#31;reute
+f f BC-******BURLINGTON-NORT   04-07 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BURLINGTON NORTHERN INC 1ST QTR SHR PROFIT 93 CTS VS LOSS 3.55 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3372" NEWID="14389">
+<DATE> 7-APR-1987 12:51:12.66</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1668&#31;reute
+u f BC-IOWA-GRAIN-ELEVATOR-E   04-07 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IOWA GRAIN ELEVATOR EXPLODES, BURNS</TITLE>
+<DATELINE>    BANCROFT, Iowa, April 7 - </DATELINE><BODY>An explosion and fire today
+damaged a grain elevator in Bancroft, Iowa, destroying
+thousands of bushels of grain, authorities said.
+    The pre-dawn explosion ripped the wooden elevator open, and
+a fire that followed continued burning at late morning but had
+been contained, according to a dispatcher at the Algona Police
+Department.
+    No injuries were reported at the Lone Rock Coop facility.
+    The dispatcher said the elevator was filled with corn, and
+a nearby drying building holding soybeans was on fire.
+    The explosion was the second in four days in Iowa following
+the destruction of an Archer Daniels Midland elevator in
+Burlington last Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3373" NEWID="14390">
+<DATE> 7-APR-1987 12:52:08.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f1669&#31;reute
+u f BC--U.S.-CREDIT-MARKETS   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKETS MIXED AT MIDSESSION</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>U.S. credit markets were mixed in dull
+trading at midsession, with moderate losses in coupon issues
+and Treasury bill rates near unchanged.
+    Bills improved slightly on remarks from Federal Reserve
+chairman Paul Volcker that a restrictive monetary policy would
+be damaging to investment and that last week's increases in
+U.S. banks' prime lending rates to 7.75 pct from 7.50 pct was
+not connected with Fed policy, dealers said.
+     Coupon issues were 1/32 to 5/16 lower, pressured by a weak
+dollar. Treasury bill rates were anywhere from three basis
+points lower to one basis point higher.
+    The key 7-1/2 pct Treasury bond was 5/16 lower at 95-26/32
+to yield 7.87 pct compared with 7.84 pct at yesterday's close.
+    Dealers said remarks from Federal Reserve Chairman Paul
+Volcker indicating that exchange rates had adjusted enough to
+narrow the U.S. trade deficit and warning that a further,
+sizable dollar fall could be counterproductive had little
+exchange rate impact as they were seen as a reiteration of his
+views.
+    In any case, they said the dollar is expected to be under
+pressure while monetary officials of leading industrial nations
+meet this week in Washington, which may hurt bonds.
+    Dealers said three-month bill rates had eased early in the
+session on a few sizable buy orders from retail accounts, but
+that otherwise there was little activity in this sector.
+    "When Volcker hit the tape it helped bills, because it
+makes people think the Fed is not going to tighten," a bill
+trader said. "But it's a nervous trade, with no real buyers."
+    Three-month bills were bid at 5.50 pct, three basis points
+below their price at yesterday's auction, while six-month bills
+rose one basis point from their auction price to 5.64 pct bid.
+    Year bills rose one basis points to 5.74 pct bid.
+    Most economists expected the Federal Reserve to supply
+temporary reserves, but most had forecasted an indirect
+injection via customer repurchase agreements rather than a
+direct injection via two-day system repurchases which the Fed
+conducted at its usual intervention time.
+    The Fed intervened when Federal funds were trading at 6-1/8
+pct. Funds opened at this level and remained there at midday,
+down from yesterday's 6.20 pct avearge.
+    The 6-3/8 pct two-year notes fell 1/32 to 99-21/32 at
+midday and the 7-1/4 pct 10-years dropped 9/32 to 97-27/32.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3374" NEWID="14391">
+<DATE> 7-APR-1987 12:52:12.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1670&#31;reute
+u f BC-LONDON-SUGAR-NO.6-AT   04-07 0049</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON SUGAR NO.6 AT 1750 - APR 7
+ MTH   LAST    BYR     SLR    HIGH     LOW SALES
+ May  154.0  153.8   154.0   155.4   147.0  1581
+ Aug  157.6  157.0   158.0   158.4   152.0   616
+ Oct  164.0    ---   162.6   164.0   155.6  1739
+ Dec  161.0  161.6   163.0   163.0   161.0    54
+ TOTAL SALES  3990
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3375" NEWID="14392">
+<DATE> 7-APR-1987 12:52:17.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1671&#31;reute
+u f BC-MIDWEST-GRAIN-FUTURES   04-07 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDWEST GRAIN FUTURES 12:50   EDT</TITLE>
+KANSAS CITY WHEAT
+ MAY7 272 1/2            OFF 1 1/2
+ JUL7 262 1/2            OFF   1/2
+ SEP7 264 1/2            OFF   3/4
+ DEC7 269 3/4            OFF     1
+<DATELINE> MAR8  --     --</DATELINE><BODY>MINNEAPOLIS WHEAT
+ MAY7 284 3/4            UP  1 1/4
+ JUL7 281 1/2            UP    3/4
+ SEP7 277 1/2            UP  1 1/2
+ DEC7  --     --
+ MAR8  --     --
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3376" NEWID="14393">
+<DATE> 7-APR-1987 14:54:43.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2110&#31;reute
+d f BC-ARTISTIC-GREETINGS-&lt;A   04-07 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARTISTIC GREETINGS &lt;ARTG> SEES RECOVERY IN NET</TITLE>
+<DATELINE>    ELMIRA, N.Y., April 7 - </DATELINE><BODY>Artistic Greetings Inc said it
+expects a rebound in profits and an increase in sales in 1987
+as costs connected with computerization, staffing, traning and
+catalog sales start to taper off.
+    Today it reported 1986 earnings of 294,650 dlrs, down from
+371,064 dlrs a year before, on revenues of 8,157,864 dlrs, up
+from 7,054,709 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3377" NEWID="14394">
+<DATE> 7-APR-1987 14:54:55.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2111&#31;reute
+d f BC-PARTNERSHIP-BUYS-5.1   04-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARTNERSHIP BUYS 5.1 PCT ORANGE-CO &lt;OJ> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Parsow Partnership Ltd, an Elkhorn,
+Neb., investment partnership, said it bought a 5.1 pct stake in
+Orange-Co Inc common stock as an investment.
+    In a filing with the Securities and Exchange Commission,
+Parsow said it had bought all its 220,000 Orange-Co shares in
+the open market with funds from its working capital.
+    The partnership, whose sole general partner is Elkhorn
+investor Alan Parsow, said it "has no present intention of
+effecting any change in the control of Orange-Co Inc."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3378" NEWID="14395">
+<DATE> 7-APR-1987 14:55:04.22</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2112&#31;reute
+d f BC-cooperative-energy   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPERATIVE ENERGY TESTS OIL AT TWO WELLS</TITLE>
+<DATELINE>    CALGARY, Alberta, April 7 - </DATELINE><BODY>&lt;Cooperative Energy Development
+Corp> said two exploratory oil wells in the Zama area of
+Alberta tested 1,020 and 950 barrels a day, and will increase
+the company's daily oil production by 30 pct.
+    The company did not immediately elaborate on total
+production figures.
+    The wells, flowing oil from the Keg River formation, will
+be constrained to combined production of about 450 barrels a
+day to optimize reserve recovery, the company said.
+    Permanent production facilities are being installed and the
+wells will produce to pipeline by mid-April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3379" NEWID="14396">
+<DATE> 7-APR-1987 14:55:07.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f2113&#31;reute
+u f BC-ny-oj-est-vol   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y ORANGE JUICE ESTIMATED VOLUME-APRIL 7
+ Spot today nil            prev nil
+ Estimated volume            1000
+ Prev official volume         478
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3380" NEWID="14397">
+<DATE> 7-APR-1987 14:55:15.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2114&#31;reute
+d f BC-avinda-debentures   04-07 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVINDA DEBENTURES CONVERTED TO COMMON SHARES</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>&lt;Avinda Video Inc> said its debenture
+holders agreed to convert 3.3 mln dlrs of 13 pct subordinated
+debentures to common stock at a conversion price of 40 cts a
+share, subject to shareholder and regulatory approval.
+    Avinda said the debt conversion will inject 3,140,000 dlrs
+of equity into the company, increase net book value per share
+to 22 cts from five cts, and reduce annual interest costs by
+428,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3381" NEWID="14398">
+<DATE> 7-APR-1987 14:55:38.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2116&#31;reute
+u f BC-QT8132   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMEX COPPER FUTURES DROP LATE, SETTLE LOWER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex copper futures settled weaker
+after dropping to new session lows on trade selling, which
+entered a few minutes before the close, brokers said.
+    May delivery slipped to 62.05 cents before settling at
+62.30 cents a lb, off 0.35 cent.
+    May's high was its opening price of 62.85 cents.
+    Indications that commission house selling would enter above
+that level kept a lid on the market, brokers said. Otherwise,
+dealings were featureless, they said.
+    The May/July backwardation settled at 25 points versus 30
+points yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3382" NEWID="14399">
+<DATE> 7-APR-1987 14:55:44.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2117&#31;reute
+h f BC-MAY&lt;MA>-NAMES-CHAIRMA   04-07 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAY&lt;MA> NAMES CHAIRMAN FOR L.S. AYRES DIVISION</TITLE>
+<DATELINE>    ST. LOUIS, April 7 - </DATELINE><BODY>May Department Stores Co said it named
+Ronald Tanler as chairman of the company's L.S. Ayres
+department store division based in Indianapolis, filling a
+long-time vacancy.
+    It said Robert Friedman continues as president and chief
+executive officer of L.S. Ayres.
+    Tanler had served the company as senior vice president and
+chief financial officer of its St. Louis-based Famous-Barr
+department store division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3383" NEWID="14400">
+<DATE> 7-APR-1987 14:55:47.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f2118&#31;reute
+u f BC-ny-plat-est-vol   04-07 0029</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX PLATINUM ESTIMATED VOLUME-APRIL 7
+ APL    118
+ JNE      0
+ JLY   4526
+ OCT    188
+ JAN      6
+ APL      8
+ Jly      0
+Estimated volume  4,846
+Prev official volume   4,321
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3384" NEWID="14401">
+<DATE> 7-APR-1987 14:55:54.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2119&#31;reute
+h f BC-DOW-&lt;DOW>-UNIT-GETS-F   04-07 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW &lt;DOW> UNIT GETS FDA REVERSE OSMOSIS PERMIT</TITLE>
+<DATELINE>    MINNEAPOLIS, April 7 - </DATELINE><BODY>FilmTec Corp, a subsidiary of Dow
+Chemical Co, said the Food and Drug Administration willpermit
+the FilmTec FT30 reverse osmosis membrane to be used in food
+processing and purifying water for food applications.
+    The company said the development opens "a potentially huge
+market for FilmTec." It said food processors will be able to
+concentrate juice and other food streams with reverse osmosis
+rather than with evaporation techniques.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3385" NEWID="14402">
+<DATE> 7-APR-1987 14:56:05.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2121&#31;reute
+s f BC-CUMMINS-ENGINE-CO-INC   04-07 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUMMINS ENGINE CO INC &lt;CUM> SETS PAYOUT</TITLE>
+<DATELINE>    COLUMBUS, Ind., April 7 -
+    </DATELINE><BODY>Qtly div 55 cts vs 55 cts prior
+    Pay June 15
+    Record June 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3386" NEWID="14403">
+<DATE> 7-APR-1987 14:56:42.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2124&#31;reute
+u f BC-live-hog-report   04-07 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIVE HOG FUTURES TRIM SHARP GAINS AT CLOSE</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Live Hog futures ran up for sharp gains
+after midsession before slipping late to close 0.82 cent higher
+to 0.02 lower. Only February posted a loss while April and June
+paced the gain and April ended at 50.65 cents.
+    Futures ran up early as demand prompted by strong live
+markets, light hog runs and the discount of futures to cash
+sparked technical buying. April ran up as much as 1.42 cents
+above its previous level before profit-taking developed,
+traders said.
+    Gains in cash hogs reflected reduced farmer marketings as 
+they took to the fields for the start of spring activities. The
+strength in live also offset a sharp break in cash ham prices.
+The break in hams was expected as Easter buying came to an end,
+they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3387" NEWID="14404">
+<DATE> 7-APR-1987 14:58:55.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2127&#31;reute
+u f BC-cbt-soybean-report   04-07 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYBEAN FUTURES CLOSE STRONG IN NEW CROP</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT soybean futures closed on a strong
+note in new crop, showing gains of 4-3/4 to 9-1/4 cents per
+bushel in moderate trade. May settled at 5.04-1/2 dlrs after
+posting a 5-1/2 cent range, with November at 5.04-3/4.
+    Slow country movement, steady to firmer cash soybean basis
+values and a delayed Brazilian harvest combined to support
+futures from the opening, despite a disappointing drop in the
+weekly soybean export figure yesterday, traders said.
+    The advance above the psychologically important 5.00 dlr
+mark in both old and new crop kept the chart picture bullish,
+which could limit declines when South American sales begin to
+pick up later this month, they added.
+    A local house steadily bought new crop November, with
+another local house spreading July/Nov, pit brokers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3388" NEWID="14405">
+<DATE> 7-APR-1987 14:59:03.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f2128&#31;reute
+u f BC-ny-metals-spots   04-07 0087</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. METAL SPOTS  APR 07
+ Copper Wirebars,U.S. prod  69.625/70.00 cts/lb Copper Cathode,
+U.S. prod  66.00/69.00  cts/lb Copper Merchant,U.S. prod 
+65.20/65.70  cts/lb Copper Scrap No 2, Carloads       51.50
+cts/lb
+ Lead Domestic, Del. U.S.    24.00/26.00 cts/lb Lead Scrap,
+Carloads, Del.N.Y.   07.00/08.00
+ Zinc Prime Western, Del. N.Y.    38.50/44.00
+ Zinc High Grade, Carloads        38.00/44.00
+ Zinc Electro, SPLC, High Grade   38.50/44.50
+ Aluminum, Del, N.Y.              62.50/64.50
+   (note: all reads in cts/lb)
+ Straits, open market, per lb/cts 315/317
+ Tin plates, fob per 50-lb/cts box 35.42
+ Palladium free, troy oz/dlr  130.00/131.00
+ Palladium, JMI base, troy oz/dlr  130.00n
+ Platinum free, Del. troy oz, 564.75/565.75  Platinum, JMI
+base, troy oz/dlr   567.00n
+ Wolframite, cif u.s.,ton/dlr  48.00/53.00
+ Cadmium, sticks and bars,del. 1.00/1.50n cts/lb Ferrotungsten,
+del. n.y. per lb unqtd 
+ Quicksilver per 76-lb/dlrs flask 215.00/245.00
+ Antimony, fob Laredo bulk cts/lb 2.00/2.02
+ Pig iron no 2, n. Brmghm, ton          unq
+ Iron scrap, Pittsburgh, dlrs/ton 77.00/78.00
+ Tungsten pdr, hydrogen  dlrs/lb  9.53/9.85
+ Chromium, plate form, Del. cts/lb 3.15/3.75
+ Brass scrap, heavy yellow, cts/lb 24.00/25.00
+ Electronickel, grade a, fob dlrs/ton 3.20/3.29 Titanium
+sponge, del U.S.              unq
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3389" NEWID="14406">
+<DATE> 7-APR-1987 14:59:12.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2129&#31;reute
+r f BC-PHILADELPHIA-ELECTRIC   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA ELECTRIC &lt;PE> REPLACES ENGINEER</TITLE>
+<DATELINE>    PHILADELPHIA, April 7 - </DATELINE><BODY>Philadelphia Electric Co said the
+Operations Engineer at its Peach Bottom Atomic Power Station
+has been replaced with another nuclear experienced, qualified
+engineer holding a senior operator license at Peach Bottom.
+    Early last week, the staff of the Nuclear Regulatory
+Commission ordered that unit three of the nuclear power plant
+be shutdown after determining that operators were sleeping on
+duty.
+    In a letter to the commission detailing actions taken as a
+result of that order, the utility said the Operations Engineer
+had been reassigned to corporate headquarters on April 6.
+    Releasing its letter to the NRC, Philadelphia Electric said
+it "will have no future comment on this response pending
+Nuclear Regulatory Commission disposition" of the case.
+    Effective April 11, the utility said, it is establishing
+24-hour coverage of operations by at least one independent,
+nuclear experienced engineer or physicist per shift posted
+within the control room complex who will report directly to the
+company's Superintendent of Nuclear Operations Quality
+Assurance Division at corporate headquarters.
+    Immediately after receipt of the NRC order, Philadelphia
+Electric said, Senior Plant Management began making unannounced
+control room visits during the night shift, adding this
+activity will continue until the planned additional 24-hour
+coverage operations are in place.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3390" NEWID="14407">
+<DATE> 7-APR-1987 14:59:38.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM MQ
+&#22;&#22;&#1;f2132&#31;reute
+u f BC-ny-gold-est-vol   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMEX GOLD ESTIMATED VOLUME - APRIL 7
+ Estimated volume     28,000
+ Prev official volume 36,411
+ Estimated switches    1,540
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3391" NEWID="14408">
+<DATE> 7-APR-1987 15:00:07.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2133&#31;reute
+u f BC-KANSAS-CITY-WHEAT-LOS   04-07 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY WHEAT LOSES EARLY GAINS, ENDS LOWER</TITLE>
+<DATELINE>    KANSAS CITY, April 7 - </DATELINE><BODY>Hard wheat futures closed 1-1/4 to
+1/2 cents lower in light trading as exporter selling erased
+early gains to close the market near session lows, traders
+said. May closed 1-1/4 cents lower at 2.72-3/4 dlrs.
+    Prices opened steady to higher on some follow-through
+buying from yesterday and hopes for new export sales in tenders
+scheduled this week. But selling by a major exporter brought
+prices off their highs, and the lack of strong buying interest
+reversed those gains.
+    Volume remained generally thin with little other fresh news
+in the market. Cargill sold 1.0 mln bushels of May, and Staley
+bought May and July, pit brokers said. Some intra-market
+spreading was noted with players on both sides of July/December
+at 7-1/2 cents, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3392" NEWID="14409">
+<DATE> 7-APR-1987 15:00:17.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM MQ
+&#22;&#22;&#1;f2135&#31;reute
+u f BC-ny-silver-est-vol   04-07 0023</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMEX SILVER ESTIMATED VOLUME-APRIL 7
+ Estimated volume        38,500
+ Prev official volume    39,530
+ Estimated switches       4,326
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3393" NEWID="14410">
+<DATE> 7-APR-1987 15:00:24.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2136&#31;reute
+b f BC-******MOODY'S-DOWNGRA   04-07 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S DOWNGRADES 1.8 BILLION DLRS OF DEERE, RELATED DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3394" NEWID="14411">
+<DATE> 7-APR-1987 15:01:00.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f2139&#31;reute
+u f BC-ny-coffee-est-vol   04-07 0017</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. COFFEE C ESTIMATED VOLUME-APRIL 7
+ Estimated volume        3,605
+ Prev official vo1ume    3,234
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3395" NEWID="14412">
+<DATE> 7-APR-1987 15:01:37.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2143&#31;reute
+h f AM-TRADE-LAWMAKERS   04-07 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA LAWMAKERS URGE EXEMPTION FROM U.S. BILL</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Lawmakers from Ontario asked their
+U.S. counterparts to exempt Canada from the mandatory trade
+retaliation provisions in a major trade bill being considered
+by the U.S. Congress.
+    At a meeting of the Northeast-Midwest Coalition, an
+organization of U.S. legislators, David Cooke, chairman of the
+Ontario Parliament's Select Committee on Economic Affairs, said
+the exemption would help trade relations.
+    The trade legislation to be considered by the full House in
+late April would require President Reagan to retaliate against
+foreign unfair trade practices unless the trade actions would
+harm the U.S. economy.
+    Currently, Reagan can reject trade sanctions on any
+grounds.
+    Cooke, a member of the Liberal party, told the U.S.
+congressmen, "I can understand (the trade bill). I think it has
+to do with concerns you have with the other parts of the world."
+    "I would suggest to you that we are your best friends. You
+do not have those concerns with Canada and you should sincerely
+consider exempting our country from that bill," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3396" NEWID="14413">
+<DATE> 7-APR-1987 15:01:43.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ
+&#22;&#22;&#1;f2144&#31;reute
+u f BC-NYSE-CONSOLIDATED-150   04-07 0089</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE-CONSOLIDATED 1500 ACTIVES
+
+6,152,400 GCA CP                1/4 UNCH
+3,512,300 TEXACO             34 3/8 UP     3/4
+3,009,300 USX CORP           29 3/8 UP     1/8
+2,357,500 BELLSOUTH          39 1/4 OFF    1/4
+2,058,300 GEN MOTORS         83     UP   1 1/2
+1,983,900 UNITED AIR         65     OFF    3/4
+1,761,300 FORD MOTOR         89 3/8 OFF    3/4
+1,745,800 IBM               148 1/2 OFF    7/8
+1,660,200 GENCORP           117 3/4 OFF    1/4
+1,452,000 CAESARS            31     UP     3/8
+
+      ADVANCES    444   DECLINES    829
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3397" NEWID="14414">
+<DATE> 7-APR-1987 15:01:58.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ
+&#22;&#22;&#1;f2146&#31;reute
+u f BC-AMEX-CONSOLIDATED-150   04-07 0048</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AMEX-CONSOLIDATED 1500 ACTIVES
+
+  670,800 WICKES COS          4 1/4 UNCH
+  579,600 TEXAS AIR          40 1/2 OFF  2
+  544,900 WESTERN DIG        25 1/4 UP     5/8
+  385,500 ALZA CP            37 3/4 UP   2 1/8
+  333,900 WANG LAB B         15 3/8 UNCH
+
+      ADVANCES    285   DECLINES    296
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3398" NEWID="14415">
+<DATE> 7-APR-1987 15:02:12.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f2147&#31;reute
+u f BC-ny-sugar-spots   04-07 0028</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+  N.Y. SUGAR SPOTS - APRIL 7
+                         cts/lb
+ World no. 11            6.62 up  0.01
+ Weighted avg no 11      6.86 up  0.03
+ Sugar 11 spot vol       3,841
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3399" NEWID="14416">
+<DATE> 7-APR-1987 15:02:33.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f2148&#31;reute
+u f BC-CBT-SILVER-CLSG-7-APR   04-07 0111</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT SILVER CLSG 7-APR
+1,000 OUNCE SILVER
+         OPEN       HIGH  LOW      CLOSE
+ APR7 6700L  6720H  6750  6620  6720L  6750H
+ MAY7 6730L  6750H  6780  6680  6770B  6790A
+ JUN7 6780L  6790H  6820  6660  6820
+ AUG7 6860L  6880H  6900  6770  6900
+ OCT7 6980          6980  6880  6970B  6990A
+ DEC7 7070H  7040L  7080  6920  7080
+ FEB8 7050          7150  7050  7140B  7160A
+ APR8 7250          7250  7100  7200
+ JUN8 7350          7350  7200  7290B  7310A
+ AUG8 7420          7420  7300  7390B  7410A
+    P SETT      P SETT      P SETT      P SETT
+ APR7  6570  MAY7  6600  JUN7  6640  AUG7  6720
+ OCT7  6800  DEC7  6880  FEB8  6960  APR8  7040
+ JUN8  7120  AUG8  7200
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3400" NEWID="14417">
+<DATE> 7-APR-1987 15:02:41.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2149&#31;reute
+r f BC-CENTRAL-BANCSHARES-&lt;C   04-07 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANCSHARES &lt;CBSS> 1ST QTR NET</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., April 7 -
+    </DATELINE><BODY>Shr 52 cts vs 45 cts
+    Net 10.9 mln vs 9,498,000
+    Assets 3.60 billion vs 3.25 billion
+    Deposits 2.45 billion vs 2.23 billion
+    Loans 2.16 billion vs 1.67 billion
+    NOTE: full name of company is Central Bancshares of the
+South Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3401" NEWID="14418">
+<DATE> 7-APR-1987 15:02:55.01</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2150&#31;reute
+u f BC-us-certif-coffee-stks   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CERTIFIED COFFEE STOCKS DOWN IN LATEST WEEK</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>The amount of coffee stored in New York
+and New Orleans warehouses and certified for delivery against
+the New York Coffee "C" futures totalled 585,555 bags as of
+April 3, compared with 585,794 bags the previous week, a net
+decrease of 239 bags, the New York Coffee, Sugar and Cocoa
+Exchange said.
+    The total comprised 392,845 bags in New York, an increase
+of 261 bags, and 192,710 bags in New Orleans, a drop of 500
+bags.
+    The exchange said there were nil bags pending
+classification. There were 56,578 bags pending certification,
+including 32,553 in New York and 24,025 in New Orleans, the
+exchange said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3402" NEWID="14419">
+<DATE> 7-APR-1987 15:03:32.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2151&#31;reute
+u f BC-REUTER-WORLD-NEWS-HIG   04-07 0515</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER WORLD NEWS HIGHLIGHTS 1800 GMT APRIL 7</TITLE>
+<DATELINE>    BEIRUT - </DATELINE><BODY>Scores of Syrian troops marched into the battered
+Shatila Palestinian refugee camp in Beirut in a bid to quell
+five months of fighting in Lebanon's "camps war," witnesses said.
+Beirut radio stations said Syrian troops would deploy at points
+around the camp, besieged by Shi'ite Moslem Amal militia, to
+guarantee freedom of movement for refugees.
+    - - - -
+    WASHINGTON - President Reagan said neither the United
+States nor the Soviet Union would occupy new embassies in each
+other's capitals until he was certain the new U.S. Building in
+Moscow was secure. He added a special review board headed by
+former Defence Secretary Melvin Laird would examine serious
+security breaches at the U.S. Diplomatic mission in Moscow.
+    - - - -
+    BAHRAIN - Iran reported launching a new offensive east of
+Iraq's southern city of Basra, saying troops supported by
+planes had killed over 2,400 Iraqis. Baghdad said its forces
+had repulsed the attack, killing thousands of Iranians.
+    - - - -
+    ZEEBRUGGE, Belgium - A capsized British car ferry with up
+to 140 bodies entombed inside was winched upright in a mammoth
+salvage operation.
+    - - - -
+    BONN - West German Chancellor Helmut Kohl told President
+Ronald Reagan in a letter that Bonn backed a superpower pact to
+ban medium-range missiles from Europe but was concerned about
+any parallel ban on shorter-range missiles.
+    - - - -
+    BRUSSELS - Syria, a key state in Middle East politics, is
+showing flexibility towards the idea of an international
+conference on peace in the region, Belgian Foreign Minister Leo
+Tindemans said after talks with King Hussein of Jordan.
+    - - - -
+    WASHINGTON - Kuwait has asked at least four countries,
+including the United States and Soviet Union, for use of their
+flags or tankers to protect oil shipments in the Gulf, U.S.
+Officials said. Britain and China were also asked, they added.
+    - - - -
+    CHANDIGARH, India - Sikh extremists killed five people and
+set ablaze cigarette, liquor and barber shops in Punjab in a
+new trial of strength with the state's moderate government over
+fundamentalist reforms.
+    - - - -
+    LONDON - Prospects for a June election in Britain rose
+after senior members of Prime Minister Thatcher's Conservative
+party urged her to go to the country a year early in the wake
+of more polls giving the party a commanding lead.
+    - - - -
+    ROME - Italy's government is expected to fall tomorrow
+following a decision by the majority Christian Democrats to
+withdraw their 16 ministers unless Socialist Prime Minister
+Bettino Craxi resigns, political sources said.
+    - - - -
+    BAHIA BLANCA, Argentina - Pope John Paul began a swing
+through Argentina's rich agricultural interior with a strong
+defence of the rights of rural workers, saying they had been
+neglected too long.
+    - - - -
+    ANKARA - A Turkish military court jailed former deputy
+prime minister Alpaslan Turkes for 11 years on charges of
+forming an armed gang and sentenced five supporters to death
+for murder, Anatolian Agency reported.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3403" NEWID="14420">
+<DATE> 7-APR-1987 15:03:40.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f2152&#31;reute
+u f BC-NYMEX-PALLADIUM-CLSG   04-07 0083</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX PALLADIUM CLSG 7-APR
+         OPEN       HIGH  LOW     CLOSE
+ APR7   --            --    --    --
+ MAY7   --            --    --    --
+ JUN7 13050L 13125H 13125 13000 13050L 13075H
+ SEP7 13100L 13125H 13125 13050   --
+ DEC7 13110         13125 13000   --
+ MAR8 13025B 13125A 13200 13100   --
+ JUN8 13025B 13100A 13100 13100   --
+
+     P SETT    SETT
+ APR7 13030    13055
+ MAY7   --       --
+ JUN7 13030    13055
+ SEP7 13005    13055
+ DEC7 12980    13030
+ MAR8 12980    13030
+ JUN8 12980    13030
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3404" NEWID="14421">
+<DATE> 7-APR-1987 15:03:50.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2154&#31;reute
+u f BC-CHGO-IMM-SWISS-FRANC   04-07 0065</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IMM SWISS FRANC CLSG 7-APR
+      OPEN         HIGH  LOW
+ JUN7 6660H 6658L  6666  6637
+ SEP7 6702         6706  6679
+ DEC7  --          6745  6730
+ MAR8  --          6772  6772
+ JUN8  --           --    --
+      CLOSE        SETT  PSETT
+ JUN7  6649H 6647L  6648  6630
+ SEP7  6688L 6689H  6689  6672
+ DEC7  6730B        6730  6715
+ MAR8  6768N        6772  6768
+ JUN8   --           --    --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3405" NEWID="14422">
+<DATE> 7-APR-1987 15:04:00.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2155&#31;reute
+u f BC-CHGO-IMM-BRITISH-POUN   04-07 0073</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IMM BRITISH POUND CLSG 7-APR
+      OPEN           HIGH   LOW
+ JUN7 16095L 16100H  16105  16060
+ SEP7 16015          16015  15965
+ DEC7   --           15890  15870
+ MAR8   --           15810  15810
+ JUN8   --             --     --
+      CLOSE          SETT   PSETT
+ JUN7  16075L 16080H  16080  16100
+ SEP7  15970B         15980  16000
+ DEC7  15910N         15890  15910
+ MAR8  15830N         15810  15830
+ JUN8    --             --     --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3406" NEWID="14423">
+<DATE> 7-APR-1987 15:04:07.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2156&#31;reute
+r f BC-TEXTRON-&lt;TXT>-PLANS-S   04-07 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXTRON &lt;TXT> PLANS SALE OF AVCO DIVISION</TITLE>
+<DATELINE>    PROVIDENCE, R.I., April 7 - </DATELINE><BODY>Textron Inc said it plans to
+sell its Avco Specialty Materials Division as part of its debt
+reduction and restructuring.
+    The company said it will use proceeds from the sale to
+reduce the debt incurred by its acquisition of Ex-Cell-O Corp
+last year.
+    Textron said Morgan Stanley and Co will represent it in the
+sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3407" NEWID="14424">
+<DATE> 7-APR-1987 15:04:19.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2157&#31;reute
+u f BC-CHGO-IMM-D-MARK-CLSG   04-07 0064</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IMM D-MARK CLSG 7-APR
+      OPEN         HIGH  LOW
+ JUN7 5517L 5518H  5518  5495
+ SEP7 5551         5551  5535
+ DEC7 5596         5596  5577
+ MAR8  --           --    --
+ JUN8  --           --    --
+      CLOSE        SETT  PSETT
+ JUN7  5503H 5499L  5501  5504
+ SEP7  5538A        5538  5540
+ DEC7  5586         5577  5577
+ MAR8   --           --    --
+ JUN8   --           --    --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3408" NEWID="14425">
+<DATE> 7-APR-1987 15:04:41.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2158&#31;reute
+u f BC-CHGO-IMM-CANADIAN-DLR   04-07 0066</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IMM CANADIAN DLR CLSG 7-APR
+      OPEN         HIGH  LOW
+ JUN7 7639L 7640H  7660  7637
+ SEP7 7630         7650  7630
+ DEC7 7620         7643  7620
+ MAR8  --          7636  7636
+ JUN8 7635         7635  7629
+      CLOSE        SETT  PSETT
+ JUN7  7656L 7657H  7656  7634
+ SEP7  7645         7650  7628
+ DEC7  7640         7643  7621
+ MAR8  7614N        7636  7614
+ JUN8  7635         7629  7607
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3409" NEWID="14426">
+<DATE> 7-APR-1987 15:04:52.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f2159&#31;reute
+u f BC-ny-plat/pall-clsg-rep   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. PLATINUM FUTURES FINISH HIGHER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Platinum futures finished higher as 
+the metal continued to follow the strong silver market,
+analysts said.
+    The key July platinum delivery settled at 572.20 dlrs an
+ounce, up 3.60 dlrs but below a session high of 577.50 dlrs.
+Other months gained 3.70 to 4.60 dlrs.
+    However, steady trade selling and skittish speculators kept
+platinum well below session highs. "Most metals players are in
+the silver pit, not here," said one floor analyst.
+    Meanwhile, palladium ended 25 to 50 cts firmer, but also
+under the day's highs, in sympathy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3410" NEWID="14427">
+<DATE> 7-APR-1987 15:05:00.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2160&#31;reute
+r f BC-GREEN-TREE-ACCEPTANCE   04-07 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREEN TREE ACCEPTANCE INC &lt;GNT> 1ST QTR NET</TITLE>
+<DATELINE>    ST. PAUL, April 7 -
+    </DATELINE><BODY>Shr 50 cts vs 40 cts
+    Net 9,421,000 vs 9,312,000
+    Rev 37.7 mln vs 36.3 mln
+    Avg shrs 17,049,920 vs 21,173,570
+    NOTE: Per-share results adjusted for two-for-one common
+stock split in June 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3411" NEWID="14428">
+<DATE> 7-APR-1987 15:05:07.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2161&#31;reute
+u f BC-CHGO-IMM-JAPANESE-YEN   04-07 0066</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IMM JAPANESE YEN CLSG 7-APR
+      OPEN         HIGH  LOW
+ JUN7 6926L 6929H  6929  6905
+ SEP7 6970         6972  6950
+ DEC7 7010         7016  7000
+ MAR8 7057         7058  7042
+ JUN8  --          7100  7085
+      CLOSE        SETT  PSETT
+ JUN7  6915H 6912L  6913  6885
+ SEP7  6956B        6959  6931
+ DEC7  7010         7008  6978
+ MAR8  7042         7058  7027
+ JUN8  7050N        7100  7050
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3412" NEWID="14429">
+<DATE> 7-APR-1987 15:05:20.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ
+&#22;&#22;&#1;f2162&#31;reute
+u f BC-NASDAQ-COMP-15-02   04-07 0007</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NASDAQ COMP 15:02
+COMP   435.21   OFF 2.57
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3413" NEWID="14430">
+<DATE> 7-APR-1987 15:07:06.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2163&#31;reute
+b f BC-ny-gold-clsg   04-07 0007</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. GOLD CLOSING - APR 7
+ 422.25/423.25
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3414" NEWID="14431">
+<DATE> 7-APR-1987 15:07:36.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f2164&#31;reute
+u f BC-ny-metals-est-vols   04-07 0068</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. METALS FUTURES ESTIMATED VOLUMES- APRIL 7
+ Time      10.00  11.00  12.00  13.00  14.00  CLOSE
+ Silver     8000  13000  17000  21000  26000  38500
+ Copper      900   1700   2500   3200    ---   7000
+ Gold       4500   8000  10500  14000  18000  28000
+ Aluminum      0      1      1      3     30     40
+ Palladium  ----    190    239    358    ---    475
+ Platinum   ----   2226   2876   3379    ---   4846
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3415" NEWID="14432">
+<DATE> 7-APR-1987 15:08:35.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2165&#31;reute
+u f BC-mpls-wheat-protein-sc   04-07 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNEAPOLIS WHEAT PROTEIN SCALES</TITLE>
+<DATELINE>    MINNEAPOLIS, April 7 - </DATELINE><BODY>CTS/BU BASIS MPLS may
+ SPRING WHEAT
+ ORD     17un unch 
+ 11.00   12un unch 
+ 12.00    3p  up 5 
+ 13.00   11p  unch 
+ 14.00   38p  unch 
+ 15.00   90p  unch 
+ 16.00  130p  unch 
+ 17.00  135pn unch 
+ NC-NO COMPARISON unch-UNCHANGED dn-DOWN P-PLUS U-UNDER N-NOML
+    CTS BU BASIS MPLS may  
+ WINTER WHEAT
+       MPLS/S. DAKOTA   N. DAKOTA/MONTANA
+ ORD     18un unch       18un unch 
+ 10.00   15un unch       15un unch 
+ 11.00    3un dn 2       optn dn 2 
+ 12.00    3p  dn 2        6p  dn 2 
+ 13.00   18p  unch       10p  unch 
+ 14.00   38pn unch       38pn unch 
+ 15.00   75pn unch       75pn unch 
+ 16.00   89pn unch       89pn unch 
+ NC-NO COMPARISON unch-UNCHANGED dn-DOWN P-PLUS U-UNDER N-NOML
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3416" NEWID="14433">
+<DATE> 7-APR-1987 15:08:46.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2167&#31;reute
+u f BC-mpls-cash-malt-barley   04-07 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MINNEAPOLIS CASH MALTING BARLEY PRICES APR 7 
+ 65 OR BETTER PLUMP, 13.5 OR LESS PROTEIN
+ MOREX/ROBUST   2.00-2.05     NEW CROP
+ BEACON  UNQUOTED
+ LARKER  UNQUOTED
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3417" NEWID="14434">
+<DATE> 7-APR-1987 15:09:17.15</DATE>
+<TOPICS><D>sugar</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2168&#31;reute
+h f BC-U.S.-IMMIGRATION-RULE   04-07 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. IMMIGRATION RULES SPARK CONGRESS OBJECTIONS</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>New immigration rules relating to
+alien farm workers and reportedly being drafted by the U.S.
+Agriculture Department are meeting with objections in Congress,
+sources on Capitol Hill said.
+    USDA is drafting regulations, required by a 1986 law, that
+would offer amnesty to illegal aliens if they worked in the
+cultivation of fruits, vegetables and other perishable
+commodities.
+    The department is considering including in its definition
+of perishable commodities such farm products as tobacco, hops,
+Spanish reeds and Christmas trees, while excluding sugar cane,
+the New York Times reported yesterday.
+    Rep. Howard Berman, D-Calif., would like to see the
+definition extended to include sugar cane, cultivation of which
+is "a breeding ground for one of the scandals of the nation,"
+Gene Smith, a spokesman for Berman, said.
+    Livestock, dairy and poultry producers have been lobbying
+USDA hard to have their products covered by the amnesty
+provision, farm industry sources said.
+    Chuck Fields of the American Farm Bureau Federation said
+livestock producers were "desperate" because they fear they will
+be unable to retain the many illegal aliens who have joined
+that industry.
+    A House staff member involved in drafting the landmark 1986
+immigration law who asked not to be identified said Congress
+did not mean to extend special amnesty provisions to workers
+who helped cultivate tobacco, and that inclusion of hops and
+Spanish reeds was "marginal."
+    In addition, lawmakers made it clear during consideration
+of the bill that lumber workers were not to be covered by the
+the amnesty provisions, making the inclusion of Christmas trees
+"a tough call," this source said.
+    USDA officials declined to comment on the draft regulation
+except to say it was subject to change before it will be
+released, probably some time later this month.
+    While lawmakers may object to the USDA rule under
+consideration relating to perishable commodities, Congress is
+not likely to reopen debate on the controversial immigration
+question, congressional sources said.
+    The amnesty provision specially designed for farm workers
+was crucial to passage of the overall immigration bill.
+    Congressional staff members estimate the special farm
+worker amnesty provision would apply to between 250,000 to
+350,000 aliens. The law would allow eligible farm workers who
+worked for 90 days during the year ending May 1, 1986, to apply
+for temporary, then permanent, resident status.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3418" NEWID="14435">
+<DATE> 7-APR-1987 15:09:35.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2170&#31;reute
+r f BC-JAMESWAY-&lt;JMY>-SEES-Y   04-07 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMESWAY &lt;JMY> SEES YEAR SALES AT 700 MLN DLRS</TITLE>
+<DATELINE>    SECAUCUS, N.J., April 7 - </DATELINE><BODY>Jamesway Corp president Arlie
+Lazarus, said the sales for the fiscal year ending January 30,
+1988, would reach approximately 700 mln dlrs.
+    Jamesway recorded sales for the fiscal year ending January
+31, 1987, of 612.4 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3419" NEWID="14436">
+<DATE> 7-APR-1987 15:10:58.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2173&#31;reute
+r f BC-BANK-SEES-STRONG-DEMA   04-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK SEES STRONG DEMAND FOR BTP PRIVATISATION OFFER</TITLE>
+<DATELINE>    PARIS, April 7 - </DATELINE><BODY>The French government's privatisation
+offer of &lt;Banque du Batiment et des Travaux Publics> (BTP) is
+attracting strong demand, a spokesman for the government's
+adviser for the offer, &lt;Credit Industriel et Commercial> said.
+    A CIC spokesman said demand for the BTP offer today and
+yesterday was similar to demand on the first two days of the
+share offer for another recently privatised bank, &lt;Sogenal>,
+which closed 46 times oversubscribed.
+    He recalled the Sogenal offer over two weeks last month was
+for 4.95 mln shares, compared to the offer of 1.07 mln shares
+in BTP, which closes on Friday after opening on Monday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3420" NEWID="14437">
+<DATE> 7-APR-1987 15:11:06.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2174&#31;reute
+u f BC-cbt-deliv-grain-stock   04-07 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO BOARD OF TRADE DELIVERABLE GRAIN STOCKS</TITLE>
+<DATELINE>    April 7 - </DATELINE><BODY>as of Friday, April 3 , 1986.
+    WHEAT - 2,602,000 bushels including 1,647,000 in CHICAGO
+and   955,000 in TOLEDO.
+    CORN - 26,620,000 bushels including 11,502,000 in CHICAGO,
+14,478,000 in TOLEDO and 640,000 in ST LOUIS.
+    SOYBEANS - 1,879,000  bushels including 254,000 in CHICAGO
+and 1,625,000 in TOLEDO.
+    OATS -   871,000 bushels including zero in CHICAGO and  
+871,000 in MINNEAPOLIS.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3421" NEWID="14438">
+<DATE> 7-APR-1987 15:11:43.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f2175&#31;reute
+u f BC-NY-COFFEE-CLSG-7-APR   04-07 0096</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COFFEE CLSG 7-APR
+         OPEN       HIGH   LOW    CLOSE
+ MAY7 10230L 10250H 10430 10190 10425
+ JUL7 10390L 10410H 10625 10375 10625
+ SEP7 10600L 10620H 10820 10580 10800L 10820H
+ DEC7 10890L 10899H 11085 10890 11085
+ MAR8 11100         11100 11100 11200B 11201A
+ MAY8 11150B 11300A 11300 11300 11250B 11300A
+ JUL8 11300B 11350A 11600 11600 11600
+ SEP8 11350B          --    --  11725B 11800A
+     SETT   P SETT
+ MAY7  10425  10204
+ JUL7  10625  10400
+ SEP7  10807  10605
+ DEC7  11085  10900
+ MAR8  11201  11050
+ MAY8  11275  11250
+ JUL8  11600  11413
+ SEP8  11766  11487
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3422" NEWID="14439">
+<DATE> 7-APR-1987 15:12:14.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2176&#31;reute
+u f BC-NEW-YORK-COTTON-CLSG   04-07 0098</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NEW YORK COTTON CLSG 7-APR
+           OPEN     HIGH  LOW      CLOSE
+ MAY7 5580L  5590H  5675  5580  5640L  5660H
+ JUL7 5505L  5515H  5570  5500  5530L  5550H
+ OCT7 5515          5590  5515  5580
+ DEC7 5500          5565  5495  5545L  5550H
+ MAR8 5600          5624  5600  5630B  5640A
+ MAY8 5630B  5700A   --    --   5676B  5680A
+ JUL8 5630B  5700A   --    --   5696B  5700A
+ OCT8  --            --    --    --
+      SETT   P SETT
+ MAY7  5650    5580
+ JUL7  5540    5490
+ OCT7  5580    5505
+ DEC7  5547    5475
+ MAR8  5635    5565
+ MAY8  5678    5617
+ JUL8  5698    5647
+ OCT8   --      --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3423" NEWID="14440">
+<DATE> 7-APR-1987 15:12:30.22</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>cuba</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2177&#31;reute
+b f BC-/CUBA-CRUDE-SUGAR-HAR   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUBA CRUDE SUGAR HARVEST FAR BEHIND SCHEDULE</TITLE>
+<DATELINE>    HAVANA, April 7 - </DATELINE><BODY>Cuban president Fidel Castro told a
+Congress of the Union of Young Communists here that the
+production of crude sugar during the harvest still in progress
+is 800,000 tonnes behind schedule.
+    In a speech Sunday, published in today's official paper
+GRANMA, Castro said unseasonable rains since January seriously
+interrupted harvesting and milling operations especially in the
+central and western parts of the island.
+    The Cuban leader said the mechanical cane harvesters
+scheduled to cut over 60 pct of the cane this year were
+particularly "vulnerable," as muddy fields prevent operations.
+    Neither Castro nor the Cuban press have given out figures
+to estimate tonnes of crude production during the present
+harvest or the goals for the sugar campaign.
+    However, a cuban sugar official told Reuters that the
+country will be lucky if crude output reaches last year's 7.2
+mln tonnes. Output of crude for the previous 1984-85 harvest
+was 8.2 mln tonnes.
+    The harvest was scheduled to end April 30 but due to the
+present shortfalls it will be extended into May and June, the
+official said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3424" NEWID="14441">
+<DATE> 7-APR-1987 15:12:38.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2178&#31;reute
+r f BC-ATT-&lt;T>-GETS-GEORGIA   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> GETS GEORGIA RATE REDUCTION APPROVAL</TITLE>
+<DATELINE>    ATLANTA, April 7 - </DATELINE><BODY>American Telephone and Telegraph Co said
+the Georgia Public Service Commission (PSC) approved its 4.1
+mln dlr rate restructuring proposal to reduce intrastate long
+distance rates by about 4.4 pct.
+    ATT said it will file new prices at the PSC in August to
+meet a Sept. 1 effective date set by the commission.
+    The telephone company said it asked the PSC on Nov. 7 for
+permission to increase its prices for intrastate private line
+services, used mainly by large business customers, which ATT
+said were priced below its access costs.
+    "Private line service has been grossly underpriced since
+1984, and, therefore, it has been subsidized by all long
+distance users," Terry Hobbs, assistant vice president said.
+    "As a result of today's PSC decision to allow our private
+line service prices to cover their access costs, these
+subsidies will end and we'll be able to reduce basic long
+distance rates for everyone," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3425" NEWID="14442">
+<DATE> 7-APR-1987 15:12:48.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ MQ FQ EQ
+&#22;&#22;&#1;f2179&#31;reute
+u f BC-NY-COMEX-GOLD-CLSG-7-   04-07 0146</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX GOLD CLSG 7-APR
+           OPEN     HIGH  LOW      CLOSE
+ APR7 4205          4225  4185  4220L  4225H
+ MAY7 4222B  4227A   --    --   4238
+ JUN7 4250          4265  4223  4256L  4265H
+ AUG7 4293B  4298A  4307  4275  4307
+ OCT7 4340          4352  4314  4352
+ DEC7 4373          4394  4355  4387L  4394H
+ FEB8 4430          4430  4412  4444
+ APR8 4473B  4478A  4465  4460  4490
+ JUN8 4518B  4523A  4505  4505  4536
+ AUG8 4566B  4571A   --    --   4585
+ OCT8 4615B  4620A  4605  4605  4635
+ DEC8 4664B  4669A  4655  4653  4684
+ FEB9 4712B  4717A   --    --   4733
+      SETT   P SETT       SETT   P SETT
+ APR7  4222    4185   APR8  4490    4453
+ MAY7  4238    4202   JUN8  4536    4498
+ JUN7  4262    4226   AUG8  4585    4546
+ AUG7  4309    4273   OCT8  4635    4595
+ OCT7  4353    4317   DEC8  4684    4644
+ DEC7  4397    4361   FEB9  4733    4692
+ FEB8  4444    4407
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3426" NEWID="14443">
+<DATE> 7-APR-1987 15:12:56.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f2180&#31;reute
+u f BC-ny-comms-est-vols   04-07 0085</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMMODITY FUTURES ESTIMATED VOLUMES - APRIL 7
+ Time                   11.00  12.00  13.00  CLOSE
+ Coffee                   825   1343   1837   3605
+ Cocoa                    756   1058   1114   1461
+ Sugar 11                7040  11682  16403  20339
+ Sugar 14                  16     38     38     48
+ Orange                  ----    ---    ---   1000
+ Cotton                  ----    ---    ---   3800
+ Sugar 11 options calls   364    655    825   1040
+ Sugar 11 options puts    115    233    327    435
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3427" NEWID="14444">
+<DATE> 7-APR-1987 15:13:05.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2181&#31;reute
+u f BC-CHICAGO-DELIVERABLE-W   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO DELIVERABLE WHEAT STOCKS</TITLE>
+<DATELINE>    CHICAGO, April 7  - </DATELINE><BODY>The CFTC reported the following stocks
+of wheat in Chicago as of Friday, April 3 , deliverable against
+CBT wheat futures in 000's bushels -
+                        CURRENT  WEEK  YEAR
+                        WEEK     AGO   AGO
+ SOFT RED WINTER            0       0   25
+ HARD RED WINTER         1639    1635   54
+ DARK NORTHERN SPRING       0       0    0
+ NORTHERN SPRING            8       5    0
+ TOTAL DEL GRADES        1647    1640   79
+ NON-DEL GRADES/UNGRADED   79      69   15
+ CCC STOCKS              2584    2584  800
+ TOTAL WHEAT STOCKS      4310    4293  894
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3428" NEWID="14445">
+<DATE> 7-APR-1987 15:13:18.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2183&#31;reute
+u f BC-CHICAGO-DELIVERABLE-C   04-07 0083</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHICAGO DELIVERABLE CORN STOCKS
+    CHICAGO, April 7  The CFTC reported the following stocks of
+corn in Chicago as of Friday, april 3 , deliverable against
+Chicago Board of Trade futures in 000's bushels -
+                         CURRENT  WEEK   YEAR
+                         WEEK     AGO    AGO
+ DEL GRADES              11502    12358  7038
+ NON-DEL GRADES/UNGRADED   284      347   234
+ CCC STOCKS              11898    11898  8631
+ TOTAL CORN STOCKS       23684    24603 15903
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3429" NEWID="14446">
+<DATE> 7-APR-1987 15:13:36.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2184&#31;reute
+u f BC-ny-cotton-est-vol   04-07 0017</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. COTTON NO.2 ESTIMATED VOLUME-APRIL 7
+ Estimated volume        3,800
+ Prev official volume    3,039
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3430" NEWID="14447">
+<DATE> 7-APR-1987 15:15:07.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2185&#31;reute
+u f BC-cbt-corn-report   04-07 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT CORN FUTURES CLOSE HIGHER ON FIRM NOTE</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT corn futures closed on or near the
+highs, up 1-1/4 to three cents per bushel, with May settling at
+1.59-1/2 dlrs after posting a 1-1/2 cent range.
+    Slow country movement, yesterday's sharp jump in the weekly
+corn export figure to about three times last year's weekly
+inspections, plus the outlook for a continued active export
+pace due to the decline in the U.S. dollar this year, supported
+nearbys, traders said.
+    Many traders said they were mystified why Drexel Burnham
+was such an aggressive buyer today in new crop December.
+    Farmers will probably plant as many acres as allowed under
+the government programs and near-record yields must be assumed
+at this time because they will aggressively apply fertilizer to
+prime yielding acres, one commercial trader noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3431" NEWID="14448">
+<DATE> 7-APR-1987 15:15:14.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2186&#31;reute
+u f BC-CHICAGO-DELIVERABLE-S   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO DELIVERABLE SOYBEAN STOCKS</TITLE>
+<DATELINE>    CHICAGO, April 7  - </DATELINE><BODY>The CFTC reported the following stocks
+of soybeans in Chicago as of Friday, April 3 , deliverable
+against Chicago Board of Trade futures in 000's bushels -
+                         CURRENT  WEEK   YEAR
+                         WEEK     AGO    AGO
+ DEL GRADES                254      236  10629
+ NON-DEL GRADES/UNGRADED    77       78    581
+ CCC STOCKS              10022    10022   2373
+ TOTAL SOYBEAN STOCKS    10353    10336  13583
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3432" NEWID="14449">
+<DATE> 7-APR-1987 15:15:21.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2187&#31;reute
+u f BC-CHICAGO-DELIVERABLE-O   04-07 0083</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHICAGO DELIVERABLE OAT STOCKS
+    CHICAGO, April 7  The CFTC reported the following stocks of
+oats in Chicago as of Friday, April 3 , deliverable against
+Chicago Board of Trade futures in 000's bushels -
+                         CURRENT  WEEK   YEAR
+                         WEEK     AGO    AGO
+ DEL GRADES                0        0     64
+ NON-DEL GRADES/UNGRADED  57       74     32
+ CCC STOCKS                0        0      0
+ TOTAL OATS STOCKS        57       74     96
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3433" NEWID="14450">
+<DATE> 7-APR-1987 15:15:30.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2188&#31;reute
+u f BC-MINNEAPOLIS-SPRING-WH   04-07 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNEAPOLIS SPRING WHEAT CLOSES HIGHER</TITLE>
+<DATELINE>    MINNEAPOLIS, April 7 - </DATELINE><BODY>Spring wheat futures closed 1-3/4 to
+3/4 cents higher as some exporter pricing and firm cash demand
+lent support to an otherwise quiet market, traders said. May
+closed 1-3/4 cents higher at 2.85-1/4 dlrs.
+    The 14 pct spring wheat cash basis was steady at 38 cents
+over May despite increased receipts of 186 cars. Milling durum
+was steady at 3.95 to 4.00 dlrs and terminal quality was
+unchanged at 3.55 dlrs for Minneapolis and 3.80 dlrs Duluth.
+    Other quotes were unchanged with Duluth sunseed at 7.80
+dlrs, number one and two oats at 1.55 to 1.66 dlrs, feed barley
+at 1.75 dlrs for Duluth and malting barley at 2.00 to 2.05 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3434" NEWID="14451">
+<DATE> 7-APR-1987 15:15:37.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2189&#31;reute
+u f BC-DELIVERABLE-GRADE-GUI   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELIVERABLE GRADE GUIDE</TITLE>
+<DATELINE>    Deliverable Grades - </DATELINE><BODY>graded grain meeting exchange quality
+requirements for futures delivery, excluding CCC-owned grain.
+Includes all non-CCC deliverable grades regardless of whether
+receipted and/or registered.
+    Non-del. Grades/Ungraded - Graded grain not meeting
+exchange quality requirements for futures delivery and ungraded
+grain, excluding CCC-owned grain.
+    CCC Stocks - grains owned by CCC.
+    Non-deliverable classes or subclasses of grain (e.g. white
+wheat or white corn) are not included in any of the figures.
+    * year ago data for this category is not available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3435" NEWID="14452">
+<DATE> 7-APR-1987 15:16:00.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ
+&#22;&#22;&#1;f2190&#31;reute
+u f BC-ny-commodities-spot   04-07 0063</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COMMODITIES CLOSING SPOT TRENDS - APRIL 7
+ Silver       up  18.5  cts  per oz
+ Copper       off 0.35  cts per lb
+ Gold (Comex  up  3.70  dlrs per oz
+ Platinum     up  4.20  dlrs per oz
+ Cocoa        off    9  dlr per tonne
+ Sugar 11     up  0.15  cts per lb
+ Coffee C     up  2.21  cts per lb
+ Cotton       up  0.70  cts per lb
+                                            
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3436" NEWID="14453">
+<DATE> 7-APR-1987 15:16:09.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2191&#31;reute
+r f BC-mpls-deliv-oats-stks   04-07 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNEAPOLIS DELIVERABLE OAT STOCKS</TITLE>
+<DATELINE>   MINNEAPOLIS, April 7  - </DATELINE><BODY>CFTC reported, as of april 3 , oats
+stocks in Mpls deliverable against Chgo futures/000's bu-
+                         CURRENT  WEEK   YEAR
+                         WEEK     AGO    AGO
+ DEL GRADES               871     1296   2046
+ NON-DEL GRADES/UNGRADED 2167     1737    444
+ CCC STOCKS               297      297    228
+ TOTAL OATS STOCKS       3335     3330   2718
+
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3437" NEWID="14454">
+<DATE> 7-APR-1987 15:16:21.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2192&#31;reute
+u f BC-PORK-BELLY-FUTURES-CL   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORK BELLY FUTURES CLOSE MIXED</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Pork belly futures traded on both sides
+of previous levels in choppy action before closing 0.62 cent
+lower to 0.70 higher. July paced nearbys lower while March led
+next year contracts higher. May ended at 66.17, off 0.22 cent.
+    Uneven price moves persisted as locals traded on both sides
+of the market. Local and wire house buying lifted prices early
+before locals turned sellers and touched off stop loss orders,
+traders said.
+    Expectations by some traders that this afternoon's out of
+town storage report would be negative to futures offset early
+support generated by higher live hog markets and light hog
+runs, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3438" NEWID="14455">
+<DATE> 7-APR-1987 15:16:51.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f2193&#31;reute
+u f BC-ny-silver-clsg-report   04-07 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMEX SILVER FUTURES CLOSE ON HIGHS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex silver futures made session highs
+on the close, settling with gains of 18.5 to 20.4 cents.
+Settling prices also set new highs for the recent move, as
+speculative buying overcame midsession profit taking.
+    Locals and commercial traders who went short today,
+expecting a corrective move, bought back positions. Those who
+went long weeks ago are still reluctant to sell, traders said.
+    Analysts said speculators continue to find silver a bargain
+relative to gold and are snapping up the metal as a cheap
+inflation hedge.
+    May closed 18.5 cents higher at 6.765 dlrs. July was up
+18.7 cents at 6.841 dlrs. Open interest at yesterday's close
+rose to 109,534 contracts, a new high for the move. Estimated
+volume today was 38,500 lots, including 4,326 switches.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3439" NEWID="14456">
+<DATE> 7-APR-1987 15:16:59.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f2194&#31;reute
+u f BC-NY-ORANGE-JUICE-CLSG   04-07 0119</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY ORANGE JUICE CLSG 7-APR
+         OPEN        HIGH  LOW       CLOSE
+ MAY7 13100L 13105H 13350 13100  13275L 13300H
+ JUL7 12930         13350 12930  13170
+ SEP7 12700B 12780A 12810 12750  12780B 12810A
+ NOV7 12450B 12500A 12640 12450  12595B 12600A
+ JAN8 12450B 12500A 12550 12500  12530B 12540A
+ MAR8 12450B 12550A   --    --   12530B 12540A
+ MAY8 12450B 12550A   --    --   12530B 12540A
+ JUL8 12450B 12550A   --    --   12530B 12540A
+ SEP8 12450B 12550A   --    --   12530B 12540A
+        SETT     P SETT
+ MAY7  13290     13120
+ JUL7  13170     12910
+ SEP7  12795     12715
+ NOV7  12600     12540
+ JAN8  12535     12455
+ MAR8  12535     12455
+ MAY8  12535     12455
+ JUL8  12535     12455
+ SEP8  12535     12455
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3440" NEWID="14457">
+<DATE> 7-APR-1987 15:17:09.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2195&#31;reute
+r f BC-toledo-deliv-wht-stks   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOLEDO DELIVERABLE WHEAT STOCKS</TITLE>
+<DATELINE>    TOLEDO, April 7  - </DATELINE><BODY>The CFTC reported the following stocks
+of wheat in Toledo as of Friday, April 3  deliverable against
+Chicago Board of Trade wheat futures (in 000's bu).
+                        CURRENT  WEEK  YEAR
+                        WEEK     AGO   AGO
+ SOFT RED WINTER          955    1142  1460
+ HARD RED WINTER            0       0     0
+ DARK NORTHERN SPRING       0       0     0
+ NORTHERN SPRING            0       0     0
+ TOTAL DEL GRADES         955    1142  1460
+ NON-DEL GRADES/UNGRADED  177     162     0
+ CCC STOCKS              1803    1783   793
+ TOTAL WHEAT STOCKS      2935    3087  2253
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3441" NEWID="14458">
+<DATE> 7-APR-1987 15:17:13.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2196&#31;reute
+b f BC-CBT-SETTLEMENTS--7-AP   04-07 0050</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT SETTLEMENTS  7-APR
+       WHEAT                   CORN
+ MAY 288 3/4 UP  2 1/2  MAY 159 1/2 UP  1 1/4
+ JUL 273 1/4 UP    1/2  JUL 163 1/4 UP  1 1/2
+ SEP 273 1/4 UP    1/4  SEP 168 1/2 UP  2 1/4
+ DEC 278 3/4 UP    3/4  DEC 177 3/4 UP  3
+ MAR 278     UP    3/4  MAR 184 3/4 UP  3
+ MAY 270 3/4 UP    3/4
+       OATS                   SOYBEANS
+ MAY7148 1/2 OFF  1 1/2  MAY7504 1/2 UP   4 3/4
+ JUL7138 3/4 UP     1/4  JUL7506 3/4 UP   6 1/2
+ SEP7129     UP     3/4  AUG7506 1/2 UP    7
+ DEC7134     UNCH        SEP7502 1/4 UP   8 1/4
+ MAR8136 3/4 UNCH        NOV7504 3/4 UP   8 3/4
+                         JAN8511 3/4 UP   9 1/4
+                         MAR8519 1/4 UP   9 1/4
+                         MAY8522     UP    8
+                         JUL8523     UP    9
+        OIL                  MEAL
+ MAY7 1561  UP  18   MAY7 1466  UP  13
+ JUL7 1595  UP  17   JUL7 1467  UP  16
+ AUG7 1611  UP  16   AUG7 1467  UP  17
+ SEP7 1630  UP  19   SEP7 1473  UP  22
+ OCT7 1641  UP  16   OCT7 1476  UP  25
+ DEC7 1671  UP  17   DEC7 1486  UP  24
+ JAN8 1673  UP  18   JAN8 1497  UP  30
+ MAR8 1695  UP  15   MAR8 1507  UP  27
+ MAY8       UNCH     MAY8       UNCH
+ JUL8       UNCH     JUL8       UNCH
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3442" NEWID="14459">
+<DATE> 7-APR-1987 15:17:28.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2197&#31;reute
+u f BC-ny-sugar-mids-report   04-07 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD SUGAR FUTURES RALLY LATE, SETTLE HIGHER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>World sugar futures settled higher,
+strengthening late on shortcovering and technically-based
+buying, analysts said.
+    The rally gained momentum "when traders realized they could
+get a key reversal," a commission house analyst said. But the
+market showed signs of continued resistance near 7.0 cents
+basis May, he noted.
+    May delivery exceeded yesterday's low and yesterday's high
+before settling at 6.94 cents a lb, up 0.15 cent.
+    Values tumbled this morning when computer fund selling
+triggered sell-stops at 6.60 cents and under. But contracts
+recouped most of those losses by midsession on trade buying,
+brokers said.
+    Estimated volume was 20,339 lots.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3443" NEWID="14460">
+<DATE> 7-APR-1987 15:17:48.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2199&#31;reute
+r f BC-toledo-delv-corn-stks   04-07 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOLEDO DELIVERABLE CORN STOCKS</TITLE>
+<DATELINE>    TOLEDO, April 7  - </DATELINE><BODY>The CFTC reported the following stocks
+of corn in Toledo as of Friday, April 3 , deliverable against
+Chicago Board of Trade futures (in 000's bushels) -
+                         CURRENT  WEEK   YEAR
+                         WEEK     AGO    AGO
+ DEL GRADES              14478   15326 17456
+ NON-DEL GRADES/UNGRADED  3903    4291   802
+ CCC STOCKS               9336    9198  2463
+ TOTAL CORN STOCKS       27717   28815 20721
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3444" NEWID="14461">
+<DATE> 7-APR-1987 15:18:30.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2201&#31;reute
+u f BC-lumber-clsg-report   04-07 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUMBER FUTURES TRIM LOSSES AT CLOSE</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Lumber futures recovered from lows to
+close 3.10 to 0.10 dlrs per tbf lower. May paced the setback
+and ended at 187.70 dlrs.
+    Futures moved lower all morning on long liquidation. Stop
+loss orders added to the setback before late shortcovering
+trimmed losses, traders said.
+    Pressure reflected declines in financial futures, which
+prompted concern that interest rates may rise, and private
+reports of further weakness in cash product. Demand for spruce
+is slow and mills are looking for buyers, they noted.
+    Shearson, Merrill, Shatkin, Dean Witter and Cargill sold on
+the decline. Merchants spread long May/short September at one
+time, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3445" NEWID="14462">
+<DATE> 7-APR-1987 15:18:38.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f2202&#31;reute
+u f BC-chase-manhattan-to-cl   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHASE MANHATTAN TO CLOSE PERU CONSUMER OPERATION</TITLE>
+<DATELINE>    Lima, april 7 - </DATELINE><BODY>the chase manhattan bank, N.A. &lt;CMB>, is
+closing its peruvian consumer banking operations less than
+three yeas after they opened, the bank's manager in peru, jorge
+sosa, said.
+    He told reuters June 30 was the closing date. He said the
+measure was not linked to peru's foreign debt position. Chase
+is one of peru's top private banking creditors.
+    Peru is over 700 mln dlrs in arrears on its interest owed
+to its 280 or so private foreign bank creditors, bankers said.
+    Sosa said chase opened its local consumer banking operation
+in september 1984. It held the equivalent of around four mln
+dlrs in deposits and had extended the equivalent of
+about five mln dlr in loans.
+    The bank still had to decide whether it would sell the
+holdings to another banking institution before closing the
+operation, he said.
+    The closing of chase's consumer operation will leave only
+five foreign banks operating this service in peru. Two of them
+are institutions from the united states and there is one each
+from britain, japan and spain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3446" NEWID="14463">
+<DATE> 7-APR-1987 15:18:49.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ MQ
+&#22;&#22;&#1;f2203&#31;reute
+u f BC-NY-COMEX-SILVER-CLSG   04-07 0149</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NY COMEX SILVER CLSG 7-APR
+      OPEN         HIGH   LOW   CLOSE
+ APR7 6698B  6718A  6670   6670  6733
+ MAY7 6730    --    6780   6635  6750L  6780H
+ JUN7 6767B  6787A  6800   6670  6803
+ JUL7 6840    --    6860   6710  6820L  6860H
+ SEP7 6910    --    6930   6800  6920
+ DEC7 7010    --    7050   6900  7040L  7050H
+ JAN8 7026B  7046A  7000   7000  7072
+ MAR8 7130    --    7130   7000  7130
+ MAY8 7210    --    7250   7190  7227
+ JUL8 7280    --    7350   7200  7312
+ SEP8 7344B  7364A  7400   7350  7398
+ DEC8 7540    --    7540   7460  7533
+ JAN9 7523B  7543A   --     --   7580
+      SETT    P SETT       SETT    P SETT
+ APR7  6733     6548   MAR8  7146    6946
+ MAY7  6765     6580   MAY8  7227    7025
+ JUN7  6803     6617   JUL8  7312    7109
+ JUL7  6841     6654   SEP8  7398    7194
+ SEP7  6920     6730   DEC8  7533    7327
+ DEC7  7032     6838   JAN9  7580    7373
+ JAN8  7072     6876
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3447" NEWID="14464">
+<DATE> 7-APR-1987 15:18:56.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2204&#31;reute
+r f BC-st-louis-del-corn-stk   04-07 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST LOUIS DELIVERABLE CORN STOCKS</TITLE>
+<DATELINE>    ST LOUIS, April 7  - </DATELINE><BODY>The CFTC reported the following stocks
+of corn in St Louis as of Friday, april 3 , deliverable against
+Chicago Board of Trade futures in 000's bushels -
+                         CURRENT  WEEK   YEAR
+                         WEEK     AGO    AGO
+ DEL GRADES               640      225   369
+ NON-DEL GRADES/UNGRADED    0        0    25
+ CCC STOCKS               397      397   153
+ TOTAL CORN STOCKS       1037      622   547
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3448" NEWID="14465">
+<DATE> 7-APR-1987 15:19:03.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2205&#31;reute
+u f BC-CHGO-IOM-LUMBER-CLSG   04-07 0094</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IOM LUMBER CLSG 7-APR
+      OPEN           HIGH   LOW
+ MAY7 19000H 18980L  19000  18600
+ JUL7 18090L 18100H  18100  17730
+ SEP7 17470          17470  17160
+ NOV7 16750L 16800H  16800  16580
+ JAN8 16600          16600  16530
+ MAR8 16550          16580  16520
+ MAY8   --             --     --
+      CLOSE           SETT  P SETT
+ MAY7  18750L 18790H 18770  19080
+ JUL7  17820B 17880T 17850  18140
+ SEP7  17210T 17280B 17250  17540
+ NOV7  16680H 16580L 16630  16790
+ JAN8  16600         16600  16650
+ MAR8  16540B        16540  16550
+ MAY8    --            --     --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3449" NEWID="14466">
+<DATE> 7-APR-1987 15:19:27.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;MQ
+&#22;&#22;&#1;f2206&#31;reute
+r f BC-NYMEX-PLATINUM-CLSG-7   04-07 0096</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX PLATINUM CLSG 7-APR
+         OPEN       HIGH   LOW     CLOSE
+ APR7 5670L 5680H    5700  4670   5660L   5680H
+ MAY7  --             --    --     --
+ JUN7  --             --    --     --
+ JUL7 5730L 5740H    5775  5700   5715L   5730H
+ OCT7 5785L 5790H    5805  5758    --
+ JAN8 5820B 5830A    5825  5815    --
+ APR8 5890           5890  5845    --
+ JUL8 5900B 5950A     --    --     --
+      SETT      P SETT
+ APR7   5671    5629
+ MAY7    --      --
+ JUN7    --     5663
+ JUL7   5722    5686
+ OCT7   5767    5728
+ JAN8   5812    5771
+ APR8   5862    5816
+ JUL8   5912    5866
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3450" NEWID="14467">
+<DATE> 7-APR-1987 15:19:34.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2207&#31;reute
+r f BC-toledo-del-bean-stks   04-07 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOLEDO DELIVERABLE SOYBEAN STOCKS</TITLE>
+<DATELINE>    TOLEDO, April 7  - </DATELINE><BODY>The CFTC reported the following stocks
+of soybeans in Toledo as of Friday, april 3 , deliverable
+against Chicago Board of Trade futures in 000's bushels -
+                         CURRENT  WEEK   YEAR
+                         WEEK     AGO    AGO
+ DEL GRADES              1625     1747   5338
+ NON-DEL GRADES/UNGRADED  294      238    242
+ CCC STOCKS              1085     1085    329
+ TOTAL SOYBEAN STOCKS    3004     3070   5909
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3451" NEWID="14468">
+<DATE> 7-APR-1987 15:19:48.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2208&#31;reute
+u f BC-cocoa-mchts-assn-spot   04-07 0115</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. COCOA MERCHANT SPOT PRICES - APRIL 7
+    In U.S. dlrs per tonne for minimum truckload quantities
+ex-dock or ex-warehouse U.S. Eastern seaboard north of Hatteras
+seller's option:
+ Main Crop Ivory Coast cocoa beans      2,148N
+ Superior Bahia cocoa beans             2,062N
+ Sanchez FAQ cocoa beans                1,945N
+ Superior seasons Arriba cocoa beans    1,965N
+ Ecuadorean cocoa liquor                2,541N
+ Brazilian cocoa liquor                 2,612N
+ Pure pressed cocoa butter/African      4,646N
+ PURE PRESSED COCOA BUTTER/OTHER        4,620N
+ Cocoa press cake - natural 10/12 pct
+ cocoa butter contents                    975N
+ All prices are for regular commercial quality.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3452" NEWID="14469">
+<DATE> 7-APR-1987 15:20:22.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2209&#31;reute
+b f BC-******AVON-TO-BUY-GIO   04-07 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AVON SAYS IT TO BUY GIORGIO INC, A FRAGRANCE COMPANY, FOR 185 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3453" NEWID="14470">
+<DATE> 7-APR-1987 15:20:53.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2210&#31;reute
+u f BC-CBT-CLSG-(4)-7-APR   04-07 0135</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT CLSG (4) 7-APR
+SOYBEANS      OPEN         HIGH     LOW
+CORRECTED REPETITION
+ MAY7  499 1/2L  499 3/4H      505  499 1/2
+ JUL7  499 3/4L  500 1/2H  507 1/4  499 3/4
+ AUG7      500L  500 1/4H      507      500
+ SEP7      496H  495 1/2L  503 1/2  495 1/2
+ NOV7  496 1/2             505 3/4  496 1/2
+ JAN8  504 1/4L  504 1/2H  512 1/4  504 1/4
+ MAR8  511 1/2             519 1/2  511 1/2
+ MAY8      515L  515 1/2H      522      515
+ JUL8  520 1/2                 523  520 1/2
+             CLOSE       P SETT
+ MAY7      504L 504 3/4H  499 3/4
+ JUL7      507H 506 1/4L  500 1/4
+ AUG7  506 1/2H 506 1/4L  499 1/2
+ SEP7      502L 502 1/4H      494
+ NOV7  504 1/2L     505H      496
+ JAN8  511 3/4H 511 1/2L  502 1/2
+ MAR8  518 3/4L 519 1/2H      510
+ MAY8      522                514
+ JUL8      523                514
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3454" NEWID="14471">
+<DATE> 7-APR-1987 15:22:43.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2212&#31;reute
+u f BC-CBT-CLSG-(5)-7-APR   04-07 0183</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT CLSG (5) 7-APR
+SOYBEAN OIL
+CORRECTED REPETITION
+         OPEN    HIGH  LOW    CLOSE    P SETT
+ MAY7  1552H 1550L  1564 1548 1560L 1563H 1543
+ JUL7  1585H 1583L  1598 1582 1594L 1597H 1578
+ AUG7  1602         1615 1599 1611L 1612H 1595
+ SEP7  1620         1633 1616 1630        1611
+ OCT7  1633         1648 1627 1640B 1643A 1625
+ DEC7  1665         1678 1660 1671        1654
+ JAN8    --         1673 1673 1671B 1675A 1655
+ MAR8  1695         1695 1695 1695B 1700A 1680
+ MAY8    --           --   --   --          --
+ JUL8    --           --   --   --          --
+ SOYBEAN MEAL
+         OPEN    HIGH  LOW    CLOSE    P SETT
+ MAY7  1454L 1457H  1471 1453 1466L 1467H 1453
+ JUL7  1455L 1456H  1470 1451 1466L 1468H 1451
+ AUG7  1456         1470 1451 1468H 1467L 1450
+ SEP7  1455         1475 1455 1475H 1472L 1451
+ OCT7  1455         1477 1452 1476        1451
+ DEC7  1465L 1467H  1492 1463 1485L 1488H 1462
+ JAN8  1478         1500 1478 1495B 1500A 1467
+ MAR8  1490         1510 1490 1505B 1510A 1480
+ MAY8    --           --   --   --          --
+ JUL8    --           --   --   --          --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3455" NEWID="14472">
+<DATE> 7-APR-1987 15:22:59.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2213&#31;reute
+u f BC-canadian-metals   04-07 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN METALS - April 7</TITLE>
+<DATELINE>    LEAD - </DATELINE><BODY>VIRGIN                34.00/34.50
+    ZINC - PRIME WESTERN         50.00/56.50
+    ZINC - HIGH GRADE            49.50/56.00
+    ZINC - SPECIAL HIGH GRADE    50.00/56.00
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3456" NEWID="14473">
+<DATE> 7-APR-1987 15:23:38.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2214&#31;reute
+u f BC-ny-alumin-clsg-report   04-07 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMEX ALUMINUM FUTURES SETTLE UNCHANGED</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex aluminum futures settled
+unchanged after featureless session.
+    The May contract settled at 61.50 cents a lb after posting
+only a five point range.
+    Estimated volume was 40 lots.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3457" NEWID="14474">
+<DATE> 7-APR-1987 15:24:08.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2215&#31;reute
+r f BC-KANSAS-CITY-DELIVERAB   04-07 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY DELIVERABLE GRAIN STOCKS</TITLE>
+<DATELINE>    KANSAS CITY, April 7 - </DATELINE><BODY>Deliverable grain stocks were
+reported in federally approved elevators in the Kansas City
+area on April 3, 1987 as follows.
+    -In 000s of bushels-
+ All hard red winter wheat
+ Deliverable  This Week  Week Ago   Year Ago
+ Stocks          7743        8154      13372
+ Non-Deliv
+ Stocks/Ungr      417         447        432
+ CCC Stocks     13730       13639       4592
+ Total Stocks   21890       22240      18396
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3458" NEWID="14475">
+<DATE> 7-APR-1987 15:24:23.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2216&#31;reute
+b f BC-******TWA-MARCH-SYSTE   04-07 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TWA SAYS MARCH SYSTEM LOAD FACTOR RISES TO 67.4 PCT FROM 60.4 PCT A YEAR AGO
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3459" NEWID="14476">
+<DATE> 7-APR-1987 15:25:17.75</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f2217&#31;reute
+u f BC-magma-copper-price   04-07 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGMA LOWERS COPPER PRICE 0.50 CT TO 65.50 CTS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Magma Copper Co, a subsidiary of
+Newmont Mining Corp, said it is lowering its copper cathode
+price by 0.50 cent to 65.50 cents a lb, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3460" NEWID="14477">
+<DATE> 7-APR-1987 15:25:31.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2218&#31;reute
+r f BC-MINNEAPOLIS-DELIVERAB   04-07 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNEAPOLIS DELIVERABLE SPRING WHEAT STOCKS</TITLE>
+<DATELINE>    MINNEAPOLIS, April 7 - </DATELINE><BODY>The CFTC reported stocks of northern
+spring wheat in deliverable positions as of Friday, April 3 
+(in 000s of bushels).
+    Mpls      4/3/87  Week Ago  Year Ago
+ Deliverable    2187      2235       982
+ Non-Del/Ungr    699       639       305
+ CCC Stocks    17381     17414     19390
+ Total Stock   20267     20288     20677
+    Duluth       4/3/87   Week Ago  Year Ago
+ Deliverable       1029      1247        576
+ Non-Del/Ungr      1165      1350        791
+ CCC Stocks       16309     16710      20082
+ Total Stocks     18503     19307      21449
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3461" NEWID="14478">
+<DATE> 7-APR-1987 15:25:40.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f2219&#31;reute
+b f BC-YEUTTER-WARNS-CONGRES   04-07 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER WARNS CONGRESS ON TRADE RETALIATION</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>U.S. trade representative Clayton
+Yeutter said that if Congress were to require trade
+retaliation, it would only close markets and would result in
+less trade.
+    In remarks prepared for an address to members of the
+University of Chicago's Graduate School of Business, Yeutter
+said many Congressional proposals do not appear to be overtly
+protectionist, yet their undeniable effect would be to close
+off market opportunitites, just as exchange rate movement is
+unleashing such opportunities for the first time in several
+years.
+    "Despite all our progress on trade policy and despite the
+President's comprehensive competitiveness initiative, there are
+many in Congress who still are supporting trade bills
+containing many dangerous provisions," Yuetter said.
+    Yeutter said many countries would prefer U.S. retaliation
+to opening their own markets. "We should be intelligent enough
+to not let them off the hook that easily," he said.
+    He said that tough but flexible legislative language is
+infinitely preferable to tough but inflexible language.
+    Both House and Senate trade proposals place undesirable
+limits on Presidential discretion, he said.
+    "Limiting the President's ability to consider all available
+options on issues as sensitive as these would be most unwise,"
+Yeutter said. "That could readily provoke retaliation, which
+would unneccesarily embroil us in trade wars, injuring most
+competitive export industries."
+    Yeutter said present U.S. trade laws are fundamentally
+sound.
+    President Reagan has threatened or implemented retaliation
+eight times in the last 18 months -- most recently in the case
+of Japanese semiconductors being dumped in world markets.
+    "He took these steps as a last resort, only after carefully
+analyzing all the contingencies on a case by case basis and
+only after determining that such actions would open markets to
+American exports", he said.
+    Yeutter said it would be foolish to attempt to solve the
+U.S. trade deficit by focusing on trade policy alone. He added
+that the trade deficit was created primarily by macroeconomic
+policy shortcomings here and abroad.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3462" NEWID="14479">
+<DATE> 7-APR-1987 15:26:30.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2221&#31;reute
+h f BC-JEUMONT-SCHNEIDER-SET   04-07 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEUMONT-SCHNEIDER SETS UP CANADIAN SUBSIDIARY</TITLE>
+<DATELINE>   PARIS, April 7 - </DATELINE><BODY>Jeumont-Schneider, a subsidiary of
+Schneider SA &lt;SCHN.PA>, announced in a statement the creation
+of a Canadian subsidiary, Jeumont-Schneider of Canada.
+    The new subsidiary will work on developing
+Jeumont-Schneider's Canadian sales, particularly for its
+electro-mechanical and electronics goods.
+    The company also said it had signed a distribution
+agreement with &lt;Beel Electronics> for sales of the French
+group's speed variators in Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3463" NEWID="14480">
+<DATE> 7-APR-1987 15:26:42.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f2222&#31;reute
+u f BC-WALL-STREET-INDICES-1   04-07 0040</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+WALL STREET INDICES 1500
+
+ NYSE COMPOSITE        169.42 OFF 1.54
+ NYSE INDUSTRIALS      205.85 OFF 1.63
+ S AND P COMPOSITE     299.72 OFF 2.23
+
+ NYSE-A VOLUME    198974200
+
+ AMEX INDEX            342.46 UP  0.23
+
+ AMEX-B VOLUME    14324504
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3464" NEWID="14481">
+<DATE> 7-APR-1987 15:27:06.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M F
+&#22;&#22;&#1;f2223&#31;reute
+u f BC-ny-gold-clsg-report   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GOLD FUTURES END STRONGER, NEAR DAY'S HIGHS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Comex gold futures closed stronger and
+near the day's highs, underpinned by a buoyant silver market,
+brokers said.
+    Silver again set the pace for the precious metals. Silver
+posted a sharp rise on continued speculative purchases amid
+hopes it would soon hit seven dlrs an ounce in the May
+contract. Silver finished near session highs, analysts noted.
+    Gold for delivery in June settled at 426.20 dlrs an ounce,
+up 3.60 dlrs and just slightly under a day's high of 426.50
+dlrs. Gold bullion rose to 422.25/3.25 dlrs from 418.10/60 dlrs
+yesterday. Other contracts rose 3.60 to four dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3465" NEWID="14482">
+<DATE> 7-APR-1987 15:27:11.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2224&#31;reute
+u f BC-WASTE-MANAGEMENT-&lt;WMT   04-07 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASTE MANAGEMENT &lt;WMT> CANNOT ACCOUNT FOR DROP</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Waste Management Inc said in response to
+a Reuters inquiry that it knew of no reason to account for the
+decline in its stock, trading at 74-1/4, off 2-5/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3466" NEWID="14483">
+<DATE> 7-APR-1987 15:28:16.88</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2225&#31;reute
+u f BC-IRAQ-CCC-CREDIT-GUARA   04-07 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ CCC CREDIT GUARANTEES SWITCHED - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has transferred 21.0 mln dlrs in credit guarantees
+previously earmarked for sales of U.S. corn and 5.0 mln dlrs
+for sales of oilseeds to increase available coverage on sales
+of U.S. poultry meat to Iraq, the U.S. Agriculture Department
+said.
+    The department said the action was taken at the request of
+Iraq's State Trade Organization for Grains and Foodstuffs.
+    The guarantee line for sales of corn has been reduced from
+78.0 mln dlrs to 57.0 mln and the line for oilseeds from 5.0
+mln dlrs to zero.
+    The guarantee line for sales of frozen poultry has been
+increased from 30.0 mln dlrs to 56.0 mln dlrs, USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3467" NEWID="14484">
+<DATE> 7-APR-1987 15:29:26.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2227&#31;reute
+u f BC-canadian-wheat-board   04-07 0094</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CANADIAN WHEAT BOARD FOR APRIL 7 
+(CANADIAN DLRS PER TONNE/IN STORE)
+     WHEAT  PACIFIC  ST.LAWR ATLANTIC
+ 1CW 14.5 PC 214.60  200.26  203.62 
+     13.5 PC 190.60  176.26  179.62 
+     12.5 PC 187.00  172.66  176.02 
+     11.5 PC 180.00  165.66  169.02 
+ 2CW 14.5 PC 190.00  175.66  179.02 
+ 2CW 13.5 PC 185.00  170.66  174.02 
+ 2CW 12.5 PC 179.00  164.66  168.02 
+ 2CW 11.5 PC 175.00  160.66  164.02 
+ 3CW         175.00  160.66  164.02 
+ 1-CU                156.66 
+ 2-CU                148.66 
+ C FEED unquoted
+(CANADIAN DLRS PER TONNE/IN STORE)
+     DURUM   PACIFIC ST.LAWR ATLANTIC
+ 1. AMBER    189.30  199.04  202.40 
+ 2. AMBER    184.30  194.04  197.40 
+ 3. AMBER    179.30  189.04  192.40 
+ SPRING WHEAT EAST COAST - dn 5.90 DLRS
+              WEST COAST - up 0.60 DLRS
+ DURUM WHEAT  EAST COAST - unch    DLRS
+              WEST COAST - unch    DLRS
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3468" NEWID="14485">
+<DATE> 7-APR-1987 15:29:57.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2229&#31;reute
+b f BC-AVON-PRODUCTS-&lt;AVP>-T   04-07 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVON PRODUCTS &lt;AVP> TO BUY GIORGIO FOR 185 MLN</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Avon Products Inc said it reached an
+agreement in principle to purchase &lt;Giorgio Inc>, a fragrance
+company, for 185 mln dlrs in cash.
+    Giorgio's annual revnues are more than 100 mln dlrs, Avon
+said. The acquisition has been approved by Avon's board, with
+the closing set for May 7.
+    The transaction would have no impact on Avon's current
+dividend rate, it said.
+    Giorgio's boutique in Beverly Hills, Calif., will be sold
+back to Fred Hayman, one of the shareholders, who will continue
+to operate it independently, Avon said.
+    Avon said it identified Giorgio more than a year ago as a
+preferred acquisition candidate. It said it is launching a
+prestige fragrance developed in conjunction with Catherine
+Deneuve this spring.
+    Giorgio will be operated as a separate subsidiary, Avon
+said, and would not compete with Avon's direct selling beauty
+products business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3469" NEWID="14486">
+<DATE> 7-APR-1987 15:30:12.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2230&#31;reute
+u f BC-average-prices   04-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The U.S. Agriculture Department
+reported the farmer-owned reserve national five-day average
+price through April 7 as follows (Dlrs/Bu-Sorghum Cwt) -
+         Natl   Loan           Release   Call
+         Avge   Rate-X  Level    Price  Price
+ Wheat   2.63   2.40       IV     4.65     --
+                            V     4.65     --
+                           VI     4.45     --
+ Corn    1.38   1.92       IV     3.15   3.15
+                            V     3.25     --
+ X - 1986 Rates.
+          Natl   Loan          Release   Call
+          Avge   Rate-X  Level   Price  Price
+ Oats     1.58   0.99        V    1.65    -- 
+ Barley   1.52   1.56       IV    2.55   2.55
+                             V    2.65    -- 
+ Sorghum  2.53   3.25-Y     IV    5.36   5.36
+                             V    5.54    -- 
+    Reserves I, II and III have matured. Level IV reflects
+grain entered after Oct 6, 1981 for feedgrain and after July
+23, 1981 for wheat. Level V wheat/barley after 5/14/82,
+corn/sorghum after 7/1/82. Level VI covers wheat entered after
+January 19, 1984.  X-1986 rates. Y-dlrs per CWT (100 lbs).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3470" NEWID="14487">
+<DATE> 7-APR-1987 15:31:31.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2232&#31;reute
+u f BC-cbt-wheat-report   04-07 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT WHEAT FUTURES RALLY TO CLOSE HIGHER</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT wheat futures rebounded from
+midsession lows to close 2-1/2 cents to 1/4 cent per bushel
+higher in light trade. May settled at 2.88-3/4 dlrs after
+posting a 2-3/4 cent range on the day.
+    After opening higher on followthrough speculative buying
+after yesterday's technically strong close, setting contract
+highs in new crop, prices eased on trade talk some countries
+who were holding buying tenders this week have rejected U.S.
+offers or have taken wheat from other exporting countries,
+traders said.
+    However, the strong chart picture and strength in corn and
+soybeans provided solid background support for wheat.
+    Cargill was the featured seller in new crop July, sparking
+the midsession selloff.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3471" NEWID="14488">
+<DATE> 7-APR-1987 15:31:38.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2233&#31;reute
+u f BC-CBT-GNMA-CDR-CLSG-7-A   04-07 0062</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT GNMA CDR CLSG 7-APR
+      CLOSE                 PSETT
+JUN7      --                05 26/32
+SEP7      --                    --
+DEC7      --                    --
+MAR8      --                    --
+SEP8      --                    --
+DEC8      --                    --
+MAR9      --                    --
+JUN9      --                    --
+SEP9      --                    --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3472" NEWID="14489">
+<DATE> 7-APR-1987 15:32:04.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2234&#31;reute
+u f BC-CBT-TREASURY-BONDS-CL   04-07 0077</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT TREASURY BONDS CLSG 7-APR
+      CLOSE                 PSETT
+JUN7  97 9/32 H 97 7/32 L   98 4/32
+SEP7  96 7/32 H 96 5/32 L   97 4/32
+DEC7  95 5/32 L 95 7/32 H   96 5/32
+MAR8  94 12/32H 94 9/32 L   95 7/32
+JUN8  93 16/32H 93 13/32L   94 11/32
+SEP8  92 22/32H 92 19/32L   93 16/32
+DEC8      --                92 22/32
+MAR9  91 5/32 H 91 2/32 L   91 30/32
+JUN9      --                91 8/32
+SEP9      --                90 20/32
+DEC9      --                90 1/32
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3473" NEWID="14490">
+<DATE> 7-APR-1987 15:32:23.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2236&#31;reute
+u f BC-CBT-10-YEAR-NOTES-CLS   04-07 0046</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 10 YEAR NOTES CLSG 7-APR
+      CLOSE                 PSETT
+JUN7  01 15/32H 01 14/32L   102 2/32
+SEP7  00 23/32H 00 22/32L   01 10/32
+DEC7  100                   00 20/32
+MAR8      --                    --
+JUN8      --                    --
+JUN8      --                    --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3474" NEWID="14491">
+<DATE> 7-APR-1987 15:33:03.69</DATE>
+<TOPICS><D>ship</D><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>honduras</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2237&#31;reute
+u f BC-HONDURAS-SEEKING-PL-4   04-07 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONDURAS SEEKING PL-480 VESSELS FOR BULK WHEAT</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Honduras will tender April 13 under
+Public Law 480 for U.S. and non-U.S. flag vessels to deliver
+approximately 52,500 tonnes of various wheats in bulk, an agent
+for the country said.
+    The agent said deliveries of northern spring/dns wheat will
+include laydays of July 1-10 for 7,500-9,500 tonnes, August
+1-10 for 8,000-10,000 tonnes, and September 15-25 for
+12,500-14,500 tonnes.
+    Deliveries of hard red winter wheat will have laydays of
+June 20-30 for 5,000-7,000 tonnes, July 15-25 for 6,500-8,500
+tonnes, and September 15-25 for 7,000-9,000 tonnes.
+    Offers are due by 1200 hrs EDT, April 13, and will remain
+valid until the close of business April 14, the agent said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3475" NEWID="14492">
+<DATE> 7-APR-1987 15:33:13.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2238&#31;reute
+b f AM-DEBT-COMMISSION   04-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SETS UP SPECIAL DEBT COMMISSION</TITLE>
+<AUTHOR>    By Rene Villegas, Reuters</AUTHOR>
+<DATELINE>    BRASILIA, April 7 - </DATELINE><BODY>Brazil has set up a special debt
+commission, headed by Finance Minister Dilson Funaro, to be
+responsible for renegotiating Brazil's 109 billion dollar
+foreign debt, officials said.
+    The principal negotiator on the commission, created by
+President Jose Sarney, will be former foreign minister Ramiro
+Saraiva Guerreiro.
+    Officials said Guerreiro would be joined on the commission
+by eight senior officials, including a representative of the
+National Security Council.
+    The creation of the commission is intended to underscore
+the Brazilian government's contention that the debt issue is
+essentially political and that a political solution must be
+found to the problem.
+    On February 20 Brazil suspended interest payments on its 68
+billion dollar foreign bank debt to try to force the issue.
+    Creditor banks, however, have signalled that they are
+equally determined to resist Brazil's demands for debt relief.
+    Yesterday Funaro travelled to the United States for fresh
+debt negotiations with creditors deeply angered by Brasilia's
+suspension of interest payments.
+    Funaro was due to hold talks in New York today with the
+private sector, before travelling to Washington for the semi-
+annual meeting of the International Monetary Fund and the World
+Bank.
+    Officials said the new commission would start work in
+earnest when Funaro returns from the United States.
+    Yesterday Funaro called for a new forum for discussion of
+the foreign debt. He suggested direct participation of the
+governments of creditor countries in debt talks.
+    In negotiations on commercial debt, talks have
+traditionally been restricted to banks.
+    The creation of the new commission brings Brazil's highly
+professional Foreign Ministry much more into the forefront on
+the debt issue than it has been in the past.
+    During the period of military rule, which ended in 1985,
+the Foreign Ministry played a very minor role in debt policy.
+    But the new commission has diplomats among its members and
+the chief negotiator, Saraiva Guerreiro, is a seasoned envoy
+with a long diplomatic career.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3476" NEWID="14493">
+<DATE> 7-APR-1987 15:33:57.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2240&#31;reute
+u f BC-NYSE-INDICATION---TOD   04-07 0012</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE INDICATION - TODD SHIPYARDS CORP &lt;TOD>, 16-1/4 TO 17-1/2,
+LAST 16-1/2
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3477" NEWID="14494">
+<DATE> 7-APR-1987 15:35:48.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f2241&#31;reute
+u f BC-ny-rubber-dlrs-c&amp;f   04-07 0041</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. RUBBER DEALERS C AND F 1615-Apr 7
+                                 (cents per lb)
+ No 1 rss Apr  44-7/8n May 45-1/8
+ No 2 rss Apr  44-3/4n
+ No 3 rss Apr  44-1/2n
+ No 4 rss Apr  43-7/8n
+ Std. indonesian rubber (sir) Apr 38-3/8n
+             
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3478" NEWID="14495">
+<DATE> 7-APR-1987 15:36:53.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2242&#31;reute
+b f BC-NY-COMEX-ALUMINUM-CLS   04-07 0152</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+RPT/NY COMEX ALUMINUM CLSG 7-APR
+           OPEN     HIGH  LOW      CLOSE
+ APR7 6220B  6270A   --    --   6250
+ MAY7 6120B  6170A  6155  6150  6155
+ JUN7 6020B  6070A   --    --   6050
+ JUL7 5970B  6020A  5990  5990  6000
+ SEP7 5750B  5800A  5795  5795  5780
+ DEC7 5690B  5740A   --    --   5720
+ JAN8 5690B  5740A   --    --   5720
+ FEB8  --            --    --    --
+ MAR8 5690B  5740A   --    --   5720
+ MAY8 5690B  5740A   --    --   5720
+ JUL8 5690B  5740A   --    --   5720
+ SEP8 5690B  5740A   --    --   5720
+ DEC8 5690B  5740A   --    --   5720
+ JAN9 5690B  5740A   --    --   5720
+      SETT   P SETT       SETT   P SETT
+ APR7  6250    6250   FEB8   --      --
+ MAY7  6150    6150   MAR8  5720    5720
+ JUN7  6050    6050   MAY8  5720    5720
+ JUL7  6000    6000   JUL8  5720    5720
+ SEP7  5780    5780   SEP8  5720    5720
+ DEC7  5720    5720   DEC8  5720    5720
+ JAN8  5720    5720   JAN9  5720    5720
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3479" NEWID="14496">
+<DATE> 7-APR-1987 15:37:01.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f2243&#31;reute
+u f BC-ny-rubber-dlrs-exdock   04-07 0094</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. RUBBER DEALERS EXDOCK 1615-APR 7
+                               (CENTS PER LB)
+ No 1 rss int landed exdock east coast
+ Apr  46-5/8n  May  46-5/8n   June 46-5/8n
+ No 2 rss int landed exdock east coast
+ Apr  45-1/2n  May 45-1/2n    June 45-1/2n
+ No 3 rss int landed exdock east coast
+ Apr  44-1/2n  May  44-1/2n  June 44-1/2n
+ No 4 rss int landed exdock east coast
+ Apr  43-7/8n  May 43-7/8n   June 43-7/8n
+ No 1 rss int spot ny 46-5/8n
+ No 1 rss int cif any us port Apr 45-1/8n
+ No 3 rss int fob malaysian port 38-1/8n
+ Std Indonesian rubber (sir) 20 39-3/4n
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3480" NEWID="14497">
+<DATE> 7-APR-1987 15:37:26.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2245&#31;reute
+b f BC-DEERE-&lt;DE>-AND-UNIT-D   04-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEERE &lt;DE> AND UNIT DEBT DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded 1.8 billion dlrs of long-term debt of Deere and Co
+and its finance unit John Deere Credit Co.
+    Downgraded were senior notes and debentures to Baa-2 from
+A-3 and subordinated debt to Baa-3 from Baa-1. The senior debt
+includes John Deere Credit Co's guaranteed Eurobonds.
+    Moody's cited lower agricultural equipment demand due to
+depressed conditions in the farm economy. It also noted that
+equipment prices are pressured by competition. Deere is the
+industry's dominant producer but overcapacity keeps cash flow
+and debt protection measures under pressure, Moody's noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3481" NEWID="14498">
+<DATE> 7-APR-1987 15:37:44.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;TQ
+&#22;&#22;&#1;f2246&#31;reute
+u f BC-ny-rubber-misc   04-07 0042</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. RUBBER MISCELLANEOUS -APR 7
+ RUBBER TRADE ASSOCIATION CLOSING PRICES:
+ CENTS PER LB EX-DOCK AND/OR STORE VALUES FOR
+ DELIVERY U.S. EAST COAST OR GULF PORTS ANYTIME  In month
+ No. 1 rss Apr   46-5/8n
+ No. 3 rss Apr   44-1/2n
+ Tsr 2o    Apr   39-3/4n
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3482" NEWID="14499">
+<DATE> 7-APR-1987 15:37:48.53</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2247&#31;reute
+d f BC-magma-copper-price   04-07 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGMA LOWERS COPPER PRICE 0.50 CT TO 65.50 CTS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Magma Copper Co, a subsidiary of
+Newmont Mining Corp, said it is lowering its copper cathode
+price by 0.50 cent to 65.50 cents a lb, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3483" NEWID="14500">
+<DATE> 7-APR-1987 15:38:22.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2248&#31;reute
+u f BC-TWA-&lt;TWA>-MARCH-TRAFF   04-07 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWA &lt;TWA> MARCH TRAFFIC RISES</TITLE>
+<DATELINE>    ST. LOUIS, APril 7 - </DATELINE><BODY>Trans World Airways said load factor
+in March rose to 67.4 pct from 60.4 pct last year.
+    Available seat miles rose 22 pct to 3.9 billion from 3.2
+billion and revenue passenger miles rose 35.4 pct to 2.6
+billion from 2.0 billion.
+    For the year-to-date, load factor rose to 60.3 pct from
+55.2 pct, available seat miles rose 10.2 pct to 11.2 billion
+from 10.2 billion and revenue passenger miles rose 20.2 pct to
+6.7 billion from 5.6 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3484" NEWID="14501">
+<DATE> 7-APR-1987 15:39:56.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2250&#31;reute
+u f BC-ny-cotton-clsg-report   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NY COTTON EXTENDS GAINS LATE, SETTLES HIGHER</TITLE>
+<DATELINE>    New York, April 7 - </DATELINE><BODY>Cotton futures extended their gains in
+late dealings when trade selling dissipated, allowing local and
+speculative buying to increase, brokers said.
+    The market settled 0.75 to 0.50 cent stronger, with spot
+May ended 0.70 better at 56.50 cents a lb.
+    May got as high as 56.75 cents but profit-taking by early
+buyers trimmed gains, brokers said.
+    Early demand came from traders convinced that the market
+was technically oversold, brokers said.
+    Trade buying bolstered new-crop contracts, brokers said.
+December settled 0.72 cent firmer at 55.47 cents.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3485" NEWID="14502">
+<DATE> 7-APR-1987 15:40:48.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f2251&#31;reute
+u f BC-cme-est-sales   04-07 0115</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CME ESTIMATED SALES - APRIL 7
+      LIVE    FEEDER   LIVE   PORK
+      CATTLE  CATTLE   HOGS   BELLIES  LUMBER
+ APR    7325    542    2727
+ MAY            996            4645      1297
+ JUN    9885           5768
+ JLY                   2445    1347       485
+ AUG    3678    324     914     396
+ SEP             69                       179
+ OCT    1838    171     230
+ NOV             20                       130
+ DEC     766             89
+ JAN             11                         6
+ FEB     198             47     110
+ MCH              1               0        20
+ APR      17             24
+ MAY                              0
+ JUN                      1
+ TTL   23707   2134   12245    6498      2117
+   
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3486" NEWID="14503">
+<DATE> 7-APR-1987 15:41:00.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2252&#31;reute
+u f BC-cbt-s'products-report   04-07 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT SOYPRODUCT FUTURES CLOSE MIXED</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>CBT soyproduct futures closed higher in
+sympathy with strength in new crop soybeans, with soymeal up
+1.30 to 3.00 dlrs per ton and soyoil 0.19 to 0.15 cent per lb
+higher. May soymeal settled at 146.60 dlrs, with soyoil at
+15.61 cents.
+    Steadiness in Rotterdam meals and U.S. cash soymeal basis
+values this morning, plus trade talk of additional processor
+down-time in the U.S. over the next few weeks, added to the
+positive tone in meal futures, they said.
+    A local house bought over 600 contracts of July soymeal,
+with C and D Commodities, Dean Witter, E.F. Hutton and Merrill
+Lynch buying small amounts of nearbys, pit brokers said.
+    Commercials were the featured buyers in soyoil, with
+sellers scattered and small-lot.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3487" NEWID="14504">
+<DATE> 7-APR-1987 15:41:07.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2253&#31;reute
+u f BC-GENCORP-&lt;GY>-SAYS-BUY   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> SAYS BUYBACK BETTER THAN TAKEOVER</TITLE>
+<DATELINE>    AKRON, Ohio, April 7 - </DATELINE><BODY>GenCorp Inc said the decision by
+General Partners, comprised of AFG Industries and Wagner and
+Brown, to end its hostile offer for the company supports its
+belief that the buy back offer it announced yesterday was a
+"financially superior alternative."
+    GenCorp said it would annouce details of its plans to buy
+back 54 pct of its stock for 1.6 billion dlrs, or 130 dlrs a
+share, later this week. GenCorp's buy back was made to fend off
+the hostile 2.3 billion dlr, 100-dlr-a-share, tender offer by
+AFG and Wagner and Brown.
+    Earlier today AFG and Wagner and Brown said that without
+the benefit of additional information available to GenCorp's
+management, it cannot compete economically with GenCorp's
+proposal.
+    The group said it is ending its tender offer for GenCorp
+and promptly return to tendering shareholders all shares
+tendered pursuant to its offer.
+    The group owns 9.8 pct, or 2,180,608 shares, of GenCorp's
+outstanding shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3488" NEWID="14505">
+<DATE> 7-APR-1987 15:41:14.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V F
+&#22;&#22;&#1;f2254&#31;reute
+u f BC-QT8912   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS LOWER IN LATE TRADING</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Wall Street stocks remained depressed
+in active trading. Weakness in the bond market reignited
+investors' anxiety about interest rates and triggered profit
+taking and arbitrage related program selling, traders said.
+Technology stocks were sharply lower.
+    The Dow Jones Industrial Average fell 23 points to 2383.
+Declines led advances by a two-one margin on volume of 171 mln
+shares.
+    General Motors gained 1-1/4 to 82-3/4 in active trading.
+Traders said investors expect postive comments at an analysts
+meeting at the end of the week.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3489" NEWID="14506">
+<DATE> 7-APR-1987 15:41:28.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2255&#31;reute
+d f BC-BERRY-PETROLEUM,-NORR   04-07 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERRY PETROLEUM, NORRIS OIL &lt;NOIL> TO MERGE</TITLE>
+<DATELINE>    TAFT, Calif., Apri l7 - </DATELINE><BODY>Berry Petroleum Co said its board
+and the Norris Oil Co board approved a merger agreement that
+calls for Norris to become a wholly-owned Berry subsidiary.
+    Berry, a privately-owned company which already owns 80.6
+pct of Norris Oil's stock, said the agreement calls for Norris'
+public shareholders to receive 0.0333 Berry common shares for
+each Norris share held.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3490" NEWID="14507">
+<DATE> 7-APR-1987 15:41:34.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f2256&#31;reute
+u f BC-NYSE-INDEX-AT-1530   04-07 0006</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE INDEX AT 1530
+
+ 205.81 OFF 1.67
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3491" NEWID="14508">
+<DATE> 7-APR-1987 15:41:59.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ MQ
+&#22;&#22;&#1;f2257&#31;reute
+u f BC-CBT-SILVER-CLSG-(2)-7   04-07 0028</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT SILVER CLSG (2) 7-APR
+1,000 OUNCE
+        SETT
+APR7   6750
+MAY7   6780
+JUN7   6820
+AUG7   6900
+OCT7   6980
+DEC7   7080
+FEB8   7150
+APR8   7200
+JUN8   7300
+AUG8   7400
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3492" NEWID="14509">
+<DATE> 7-APR-1987 15:42:09.16</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2258&#31;reute
+u f BC-CCC-CREDITS-FOR-BANGL   04-07 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC CREDITS FOR BANGLADESH AMENDED - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has reallocated 5.0 mln dlrs in credit guarantees
+previously earmarked for sales of U.S. wheat to provide
+coverage for sales of U.S. vegetable oil to Bangladesh, the
+U.S. Agriculture Department said.
+    USDA said the action was taken at the request of the
+Bangladesh government and reduces the guarantee line authorized
+for wheat sales from 25.0 mln dlrs to 20.0 and creates a new
+line of 5.0 mln dlrs for vegetable oils.
+    To be eligible for coverage under the CCC's Intermediate
+Export Credit Program, credit terms must be in excess of three
+years, but not more than seven years.
+    All sales covered by the credit guarantees must be
+registered and shipped by September 30, 1987, USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3493" NEWID="14510">
+<DATE> 7-APR-1987 15:42:15.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2259&#31;reute
+r f BC-ALLIED-SIGNAL-&lt;ALD>-U   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL &lt;ALD> UNIT TO CUT EMPLOYEES</TITLE>
+<DATELINE>    ARLINGTON, Va., April 7 - </DATELINE><BODY>Allied-Signal Inc's Bendix Test
+Systems Division is cutting between 75 and 125 employes as part
+of its streamlining efforts.
+    Bendix, which is part of the Aircraft Systems Co of
+Allied-Signal's Aerospace's Bendix sector, said the cuts would
+create a more cost-effective unit. It said employment is
+expected to remain at approximately 1,200 employes.
+    The reductions began last month when the division announced
+a voluntary retirement program for eligible employes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3494" NEWID="14511">
+<DATE> 7-APR-1987 15:43:27.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2260&#31;reute
+u f BC-ny-cocoa-clsg-report   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NY COCOA FUTURES CLOSE MIXED</TITLE>
+<DATELINE>    NEW YORK, April 6 - </DATELINE><BODY>Cocoa futures drifted into a dull
+finish, settling at nine dlrs lower to seven higher, with most
+contracts near unchanged from midday levels.
+    May closed nine dlrs lower at 1,925 dlrs. Estimated volume
+was 1,461 contracts.
+    Light selling based on weak London prices and continued
+offers by West African origins applied light pressure.
+    A report from London that traders question the supportive
+potential of newly-negotiated buffer stock rules was also
+depressing to prices, analysts said.
+    Bahia arrivals now total a cumulative 6,475,385 bags,
+private Brazil trade sources said, half a mln bags above the
+year ago count.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3495" NEWID="14512">
+<DATE> 7-APR-1987 15:43:34.26</DATE>
+<TOPICS><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2261&#31;reute
+u f BC-CCC-SEED-CREDIT-GURAN   04-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC SEED CREDIT GURANTEES FOR ALGERIA - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has authorized 2.0 mln dlrs in credit guarantees to cover
+sales of seeds for planting to Algeria, the U.S. Agriculture
+Department said.
+    The department said the additional guarantees increase the
+cumulative fiscal year 1987 program for sales of U.S.
+agricultural products to Algeria to 466.0 mln dlrs.
+    To be eligible under the new seed credit guarantees, all
+sales must be registered by September 30, 1987, and shipped by
+December 31, 1987, USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3496" NEWID="14513">
+<DATE> 7-APR-1987 15:44:11.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2263&#31;reute
+u f BC-AMR-&lt;AMR>-FORMS-NEW-I   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMR &lt;AMR> FORMS NEW INVESTMENT UNIT</TITLE>
+<DATELINE>    DALLAS, April 7 - </DATELINE><BODY>AMR Corp, parent company of American
+Airlines, said it has formed a new unit named AMR Investment
+Services to provide cash and pension fund management services
+to AMR and to small and medium-sized companies and
+institutional investors.
+    AMR said the unit will provide short-term portfolio
+management services through either individual segregated
+accounts or through a commingled money market portfolio that is
+part of a new open-ended mutual fund called American AAdvantage
+Funds.
+    AMR said the unit will provide pension fund and profit
+sharing invetsment management services through the American
+AAdvantage Balance Fund, the American AAdvantage Equity Fund
+and the American AAdvantage Fixed Income Fund.
+    The company said it appointed William Quinn, AMR Corp's
+assistant treasurer-funds management, as president of the new
+unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3497" NEWID="14514">
+<DATE> 7-APR-1987 15:44:21.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2264&#31;reute
+u f BC-ny-spot-cotton   04-07 0038</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SPOT COTTON MARKETS
+         15/16 INCH
+               APRIL 7     prev
+ Montgomery      4800      4793
+ Memphis         4850      4900
+ Dallas          5040      5115
+ Lubbock         5115      5115
+ Average         4951      4981
+     1-1/16 inch                    combined
+                                    sales
+ Montgomery      5275      5205      1532
+ Memphis         5400      5450      3317
+ Dallas          5425      5500         0
+ Lubbock         5400      5400      7268
+ Greenville      5325      5255         0
+ Greenwood       5400      5400      5462
+ Phoenix         5400      5330        34
+ Fresno          6025      5955         0
+ Average         5456      5437
+ Total combined sales              17,613
+ Sales since Aug 1, 1986  total 5,535,017
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3498" NEWID="14515">
+<DATE> 7-APR-1987 15:44:31.07</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2265&#31;reute
+b f BC-USDA-ANNOUNCES-WORLD   04-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ANNOUNCES WORLD MARKET RICE PRICES</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The U.S. Agriculture Department
+announced the following prevailing world market prices of rice
+on a loan-rate basis, with previous prices --
+    -- Long grain whole kernels 5.87 cts per lb vs 5.70
+    -- Medium grain whole kernels 5.28 cts per lb vs 5.12
+    -- Short grain whole kernels  5.22 cts per lb vs 5.06
+    -- Broken kernels 2.94 cts per lb vs 2.85
+    The repayment rate for 1986-crop warehouse or farm-stored
+rice loans are the higher of the world price or 50 pct of the
+loan rate of 7.20 dlrs per cwt.
+    The prices will remain in effect for a week, but new prices
+could be announced earlier if warranted, USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3499" NEWID="14516">
+<DATE> 7-APR-1987 15:45:44.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2267&#31;reute
+h f BC-TOTAL-SYSTEM-SERVICES   04-07 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTAL SYSTEM SERVICES INC &lt;TSYS> 1ST QTR NET</TITLE>
+<DATELINE>    COLUMBUS, Ga., April 7 -
+    </DATELINE><BODY>Shr nine cts vs seven cts
+    Net 1,356,000 vs 1,041,000
+    Revs 9.7 mln vs 8.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3500" NEWID="14517">
+<DATE> 7-APR-1987 15:46:00.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2269&#31;reute
+d f BC-HUBCO-INC-&lt;HCO>-1ST-Q   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUBCO INC &lt;HCO> 1ST QTR NET</TITLE>
+<DATELINE>    UNION CITY, N.J., April 7 -
+    </DATELINE><BODY>Shr 38 cts vs 30 cts
+    Net 1,356,754 vs 1,048,340
+    Assets 448.5 mln vs 407.4 mln
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3501" NEWID="14518">
+<DATE> 7-APR-1987 15:46:20.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2270&#31;reute
+d f BC-kc-gulf-export-prices   04-07 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY GULF EXPORT PRICES - USDA</TITLE>
+<DATELINE>   April 7  - </DATELINE><BODY>Gulf export prices for grain delivered to Gulf
+export elevators, barge to Louisiana Gulf, rail to Texas Gulf,
+prompt or 30 day shipment, dollar per bushel, except sorghum
+per cwt.
+ WINTER WHEAT
+ 1 HARD RED-Ordinary 308-3/4 dn 1-1/4
+ 2 SOFT RED          313-3/4 dn 2-1/2
+ 2 YEL CORN         180-1/2 up 1-1/4-dn 3/4
+ 2 YEL SORGHUM     321-327 dn 2-up 4 
+ 2 YEL SOYBEANS    526-3/4-527-3/4 up 1-up 2
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3502" NEWID="14519">
+<DATE> 7-APR-1987 15:46:29.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2271&#31;reute
+r f BC-MANHATTAN-NATIONAL-&lt;M   04-07 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANHATTAN NATIONAL &lt;MLC> ELECTS CHAIRMAN</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Manhattan National Corp said it elected
+Charles Hinckley chairman and chief executive officer of the
+life insurance holding company.
+    Hinckley succeeds Wilmot Wheeler Jr, who returns to his
+former position as vice chairman, the company said.
+    Hinckley will continue as president and chief executive
+officer of Union Central Life Insurance Co, a Cincinnati-based
+mutual insurer, which owns approximately 52.2 pct of Manhattan
+National outstanding stock.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3503" NEWID="14520">
+<DATE> 7-APR-1987 15:46:57.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2273&#31;reute
+u f BC-gulf-barge-soybeans   04-07 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO CASH GRAIN</TITLE>
+<DATELINE>    CHICAGO, APRIL 7 - </DATELINE><BODY>BEST BASIS BIDS POSTED BY GRAIN DEALERS
+AT THE CLOSE -
+    CHICAGO CORN
+ PROCESSORS    SPOT, 4 UNDER MAY - UNC
+               L/H APRIL, 1 UNDER MAY - UNC
+               F/H MAY, MAY PRICE - UP 1
+ EXPORTERS     APRIL, 4 UNDER MAY - UNC
+               NEW CROP, 10 UNDER DEC - UNC
+  BURNS HARBOR APRIL, 5 UNDER MAY - UNC
+ MERCHANDISER  SPOT, 4 UNDER MAY - UNC
+    CHICAGO OATS
+ MERCHANDISER  SPOT, 20 OVER MAY - UNC
+    CHICAGO SOYBEANS
+ EXPORTERS     APRIL, 3 UNDER MAY - UNC
+               NEW CROP, 10 UNDER NOV - UNC
+  BURNS HARBOR APRIL, 3 UNDER MAY - UNC
+ MERCHANDISER  SPOT, 3 UNDER MAY - UNC
+    CHICAGO SRW WHEAT
+ MILLERS 57 LB SPOT, 35 OVER MAY - UNC
+ ELEVATOR 58 LB SPOT, MAY PRICE - UNC
+               NEW CROP, 7 UNDER JULY - UNC
+ EXPORTERS     SPOT, UA
+               NEW CROP, 5 UNDER JULY - UNC
+ MERCHANDISER  SPOT, 35 OVER MAY - UNC
+    TOLEDO
+ CORN, SPOT, 5 UNDER MAY - UP 1
+ SOYBEANS, SPOT, 1 UNDER MAY - UNC
+ SRW WHEAT, SPOT 58 LBS, 35 OVER MAY - UNC
+    ILLINOIS RIVER - SENECA
+ CORN, SPOT, 2-1/2 UNDER MAY - UP 1-1/2
+ SOYBEANS, SPOT, 5 UNDER MAY - DN 1-1/2
+    CIF GULF - BARGE
+ CORN, APRIL, 21 OVER MAY - NC
+ SOYBEANS, APRIL, 24 OVER MAY OFFERED - DN 2
+ SRW WHEAT, UNQUOTED
+    PIK CERTIFICATES - PCT OF FACE VALUE
+ OUT BY APRIL 7, 104-1/2 PCT BID/105-1/4 ASKED -
+                                        DN 1/2
+ NC - NO COMPARISON   UNC - UNCHANGED
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3504" NEWID="14521">
+<DATE> 7-APR-1987 15:47:05.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2274&#31;reute
+u f BC-IMM-CURRENCY-FUTURES   04-07 0068</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+IMM CURRENCY FUTURES SETTLEMENTS 7-APR
+B-POUND-IMM
+SETTLEMENT NET CHANGE
+ JUN16080  OFF   20
+ SEP15980  OFF   20
+ DEC15890  OFF   20
+ MAR15810  OFF   20
+ JUN UNTRD
+C-DOLLAR-IMM
+SETTLEMENT NET CHANGE
+ JUN 7656  UP    22
+ SEP 7650  UP    22
+ DEC 7643  UP    22
+ MAR 7636  UP    22
+ JUN 7629  UP    22
+D-MARK-IMM
+SETTLEMENT NET CHANGE
+ JUN 5501  OFF    3
+ SEP 5538  OFF    2
+ DEC 5577  UNCH
+ MAR UNTRD
+ JUN UNTRD
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3505" NEWID="14522">
+<DATE> 7-APR-1987 15:47:12.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2275&#31;reute
+u f BC-IMM-CURRENCY-FUTURES   04-07 0031</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+IMM CURRENCY FUTURES SETTLEMENTS [2] 7-APR
+S-FRANC-IMM
+SETTLEMENT  NET CHANGE
+ JUN  6648   UP    18
+ SEP  6689   UP    17
+ DEC  6730   UP    15
+ MAR  6772   UP     4
+ JUN UNTRD
+
+
+
+
+
+
+
+
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3506" NEWID="14523">
+<DATE> 7-APR-1987 15:47:31.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2278&#31;reute
+r f BC-OMAHA-DAILY-GRAIN-PRI   04-07 0037</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+OMAHA DAILY GRAIN PRICES
+ No1 HRW Wheat               278-1/2-279    
+ No2 Yellow Corn             147-150
+ No2 Heavy Oats              160    
+ No2 Yellow Sorghum          270    
+ NO1 YELLOW SOYBEANS         488-490
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3507" NEWID="14524">
+<DATE> 7-APR-1987 15:47:36.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2279&#31;reute
+d f BC-&lt;WILDERNESS-EXPERIENC   04-07 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WILDERNESS EXPERIENCE INC> 4TH QTR LOSS</TITLE>
+<DATELINE>    CHATSWORTH, Calif., April 7 - </DATELINE><BODY>Period ended Jan 31
+    Shr loss three cts vs loss two cts
+    Net loss 183,500 vs loss 163,800
+    Sales 608,800 vs 1,156,100
+    Year
+    Shr loss 16 cts vs loss 21 cts
+    Net loss 1,128,600 vs loss 1,081,600
+    Sales 3,811,200 vs 6,968,700
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3508" NEWID="14525">
+<DATE> 7-APR-1987 15:47:41.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2280&#31;reute
+d f BC-TOTAL-SYSTEMS-SERVICE   04-07 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTAL SYSTEMS SERVICES &lt;TSYS> 1ST QTR NET</TITLE>
+<DATELINE>    COLUMBUS, Ga., April 7 -
+    </DATELINE><BODY>Shr nine cts vs seven cts
+    Net 1,356,000 vs 1,041,000
+    Revs 9,729,000 vs 8,367,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3509" NEWID="14526">
+<DATE> 7-APR-1987 15:47:43.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f2281&#31;reute
+u f BC-NYSE-INDEX-AT-1530   04-07 0006</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE INDEX AT 1530
+
+ 205.79 OFF 1.69
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3510" NEWID="14527">
+<DATE> 7-APR-1987 15:47:52.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2282&#31;reute
+u f BC-WILDERNESS-EXPERIENCE   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILDERNESS EXPERIENCE MAY FILE FOR BANKRUPTCY</TITLE>
+<DATELINE>    CHATSWORTH, Calif., April 7 - </DATELINE><BODY>&lt;Wilderness Experience Inc>
+said it may be forced to file for bankruptcy court protection,
+or seek a liquidation of the company, if it is unsuccessful in
+obtaining the financing necessary to meet its bank debt
+commitments.
+    The company said it has been unable to renew a short-term
+borrowing arrangement with its bank or to make scheduled debt
+payments.
+    It also said the bank has said it will foreclose their
+security interest in the company if it does not present an
+acceptable payment program within the next several weeks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3511" NEWID="14528">
+<DATE> 7-APR-1987 15:48:28.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ
+&#22;&#22;&#1;f2284&#31;reute
+u f BC-CHGO-IMM-90-DAY-TREAS   04-07 0098</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IMM 90 DAY TREASURY BILLS CLSG 7-APR
+      OPEN         HIGH  LOW
+ JUN7  9431H 9430L 9434  9429
+ SEP7  9425        9429  9424
+ DEC7  9421        9423  9418
+ MAR8  9410        9411  9408
+ JUN8  9394        9394  9393
+ SEP8  9373        9373  9373
+ DEC8  9351        9353  9351
+ MAR9   --          --    --
+      CLOSE        SETT  PSETT
+ JUN7  9429L 9430H  9430  9434
+ SEP7  9425H 9424L  9425  9430
+ DEC7  9418A        9419  9425
+ MAR8  9408         9408  9415
+ JUN8  9393A        9393  9398
+ SEP8  9373         9373  9377
+ DEC8  9351         9353  9359
+ MAR9   --           --   9420
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3512" NEWID="14529">
+<DATE> 7-APR-1987 15:48:35.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2285&#31;reute
+u f BC-CHGO-IMM-CERTIFICATES   04-07 0047</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IMM CERTIFICATES OF DEPOSIT CLSG 7-APR
+      OPEN         HIGH  LOW
+ JUN7  9372        9372  9369
+ SEP7   --          --    --
+ DEC7   --          --    --
+      CLOSE        SETT  PSETT
+ JUN7  9372         9369  9370
+ SEP7   --           --   9398
+ DEC7   --           --    --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3513" NEWID="14530">
+<DATE> 7-APR-1987 15:48:39.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2286&#31;reute
+u f BC-NYSE-RESUMPTION---TOD   04-07 0011</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE RESUMPTION - TODD SHIPYARDS CORP &lt;TOD>, 200 AT 16-1/2,
+UNCHANGED
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3514" NEWID="14531">
+<DATE> 7-APR-1987 15:48:50.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2287&#31;reute
+r f BC-kc-feed-wh'sale-usda   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY DAILY FEED-WHOLESALE PRICES (USDA)</TITLE>
+<DATELINE>   April 7  - </DATELINE><BODY>(DLRS PER TON, BULK, IN CAR OF TRUCK LOTS)
+ 44 PCT SOYBEAN MEAL/SOLVENT    156.70-160.70
+ 48 PCT SOYBEAN MEAL/SOLVENT    168.70-171.70
+ 41 PCT COTTONSEED MEAL/SOLVENT 145.00       
+ 50 PCT Meal and bone meal      187.50       
+ 50 PCT Meal/bone meal blended  187.50       
+ GLUTEN FEED                    100.00       
+ GLUTEN MEAL                    230.00       
+ WHEAT BRAN and MIDLNGS         35.00-36.00  
+ FEATHER MEAL                   145.00-150.00
+ FEATHER MEAL - ARKANSAS POINTS 130.00-135.00
+ ANIMAL FAT - cts per lb yellow  9-1/2
+ BLEACHABLE FANCY               11-1/2
+ HOMINY FEED                    60.00      
+ DEHYDRATED ALFALFA MEAL        95.60      
+ SUN-CURED ALFALFA PELLETS      85.00      
+ BLACKSTRAP MOLASSES            97.20      
+ DEHYDRATED ALFALFA PELLETS
+ ALFALFA CENTER OF NEBRASKA     81.00      
+ ALFALFA HAY FOB STORAGE
+ ALFALFA CENTER                 40.00-45.00
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3515" NEWID="14532">
+<DATE> 7-APR-1987 15:49:01.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ
+&#22;&#22;&#1;f2288&#31;reute
+u f BC-CHGO-IMM-EURODOLLARS   04-07 0096</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CHGO IMM EURODOLLARS CLSG 7-APR
+      OPEN         HIGH  LOW
+ JUN7  9330L 9331H 9336  9328
+ SEP7  9325        9329  9320
+ DEC7  9318        9321  9311
+ MAR8  9303        9307  9297
+ JUN8  9284        9286  9277
+ SEP8  9262        9264  9256
+ DEC8  9239        9241  9233
+ MAR9  9218        9220  9210
+      CLOSE        SETT  PSETT
+ JUN7  9329H 9328L  9329  9335
+ SEP7  9320L 9321H  9321  9330
+ DEC7  9311L 9312H  9312  9322
+ MAR8  9297         9297  9308
+ JUN8  9277         9278  9288
+ SEP8  9256         9256  9266
+ DEC8  9235A        9233  9243
+ MAR9  9210L 9211H  9211  9222
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3516" NEWID="14533">
+<DATE> 7-APR-1987 15:49:15.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2290&#31;reute
+r f BC-RECENT-INITIAL-SHARE   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECENT INITIAL SHARE OFFERINGS FILED WITH SEC</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The following initial securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    RehabCare Corp, Chesterfield, Mo. - 2.5 mln shares of
+common stock at an estimated 10-13 dlrs a share through an
+underwriting group led by Prudential-Bache Capital Funding.
+    Sanderson Farms Inc, Laurel, Miss. - 1.25 mln shares of
+common stock at an estimated 15-17 dlrs a share through a group
+led by Smith, Barney, Harris Upham and Co Inc.
+    Samna Corp, Atlanta, Ga - one mln common shares at an
+estimated eight-10 dlrs each through Robinson-Humphrey Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3517" NEWID="14534">
+<DATE> 7-APR-1987 15:49:18.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2291&#31;reute
+r f BC-st-louis-barge-call   04-07 0028</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+DENVER PRODUCER PRICES
+ no1 hrw wheat ord    254-262
+               12 pct 254-262
+               13 pct 255-276
+ no2 yellow corn      287-295
+ no2 barley           335
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3518" NEWID="14535">
+<DATE> 7-APR-1987 15:49:24.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2292&#31;reute
+d f BC-E-TRON-NAMES-DIRECTOR   04-07 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E-TRON NAMES DIRECTOR OF CHAFF DIVISION</TITLE>
+<DATELINE>    EDISON, N.J., April 7 - </DATELINE><BODY>&lt;E-tron> said it named Thomas
+Fleming director of its Chaff Countermeasures Division.
+    Fleming, who has 18 years experience in Chaff
+manufacturing, was formerly with Tracor Inc &lt;TRR>, the company
+said.   E-Tron said it is currently in Chapter 11.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3519" NEWID="14536">
+<DATE> 7-APR-1987 15:49:30.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2293&#31;reute
+d f BC-PERCEPTRONICS-&lt;PERC>   04-07 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERCEPTRONICS &lt;PERC> UNIT GETS NAVY CONTRACT</TITLE>
+<DATELINE>    WOODLAND HILLS, Calif., April 7 -</DATELINE><BODY>Perceptronics Inc said its
+FAAC Perceptronics subsidiary received a 2.7 mln dlr contract
+from the Naval Air Development Center in Warminster, Pa.
+    The contract calls for the company to develop software for
+Naval aircraft training simulators and F-14D weapons systems
+analysis, Perceptronics said.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3520" NEWID="14537">
+<DATE> 7-APR-1987 15:50:16.41</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2294&#31;reute
+d f BC-BERMUDA-STAR-&lt;BSL>-LE   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERMUDA STAR &lt;BSL> LEASES VESSEL</TITLE>
+<DATELINE>    TEANECK, N.J., APril 7 - </DATELINE><BODY>Bermuda Star Line Inc said it has
+leased a 23,500 ton passenger vessel from Orley Shipping Co
+Inc, of Liberia for a term with options extending for 15 years.
+    The vessel, SS Liberte, will be renamed the Canadian Star
+and will be used for cruises to Montreal from New York,
+beginning in June.
+    Orley SHipping is partially owned by Common Brothers PLC, a
+U.K. maritime firm which owns 60 pct of Bermuda Star's shares
+and arranged debt financing for the ship's purchase.
+    Orley acquired the vessel from Banstead Shipping Ltd. Terms
+were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3521" NEWID="14538">
+<DATE> 7-APR-1987 15:50:24.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2295&#31;reute
+u f BC-IRAQ-SAYS-FIERCE-FIGH   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS FIERCE FIGHTING TO DISLODGE IRANIANS</TITLE>
+<DATELINE>    BAGHDAD, April 7 - </DATELINE><BODY>Iraq said tonight its forces were
+battling to dislodge Iranian troops from territory they gained
+during a new three-pronged offensive on the war front near the
+southern city of Basra.
+    The third High Command communique issued during the day
+said the Iranians launched a major overnight assault on the
+fronts of three Iraqi divisions, the Qutaiba, Muthanna and
+Mohammed al-Qassem forces.
+    It said the Iranian troops which attacked the Qutaiba front
+were completely annihilated but the invading force managed to
+gain some footholds on the other fronts.
+    "Fierce fighting has been raging since dawn today and all
+morning where our forces succeeded in dislodging the Iranians
+from all the positions they gained at the Muthanna front and
+the situation ended in Iraq's favour," the communique said.
+    It said Iraqi forces were continuing counter-attacks to
+drive the Iranians from the few positions they were still
+holding on the front of the Mohammed al-Qassem forces.
+    The precise locations of the three fronts were not given.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3522" NEWID="14539">
+<DATE> 7-APR-1987 15:50:28.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2296&#31;reute
+d f BC-PREMDOR-PLANS-TWO-FOR   04-07 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREMDOR PLANS TWO-FOR-ONE STOCK SPLIT</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>&lt;Premdor Inc> said it planned a
+two-for-one common stock split, subject to shareholder approval
+at the May 4 annual meeting.
+    It said the split, if approved, would take effect on May
+20.
+    Premdor manufactures and sells wood doors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3523" NEWID="14540">
+<DATE> 7-APR-1987 15:51:00.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2297&#31;reute
+h f BC-TELETRAK-ADVANCED-TEC   04-07 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELETRAK ADVANCED TECHNOLOGY 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, April 7 -
+    </DATELINE><BODY>Shr loss two cts vs loss two cts
+    Net loss 183,597 vs loss 136,990
+    Rev 36,600 vs 61,763
+    Avg shares 12,355,000 vs 9,205,000
+    Year
+    Shr loss five cts vs loss five cts
+    Net loss 571,336 vs loss 416,595
+    Rev 103,327 vs 61,763
+    Avg shares 12,355,000 vs 8,705,000
+    NOTE: Company's full name is &lt;Teletrak Advanced Technology
+Systems Inc and it is a unit of Helm Resources &lt;H>. 1985 net
+loss includes loss from discontinued operations of 278,156
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3524" NEWID="14541">
+<DATE> 7-APR-1987 15:52:58.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2300&#31;reute
+h f BC-&lt;HOOKER-CORP-LTD>-NAM   04-07 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;HOOKER CORP LTD> NAMES NEW PRESIDENT FOR UNIT</TITLE>
+<DATELINE>    ATLANTA, April 7 - </DATELINE><BODY>Hooker Corp Ltd of Australia said it has
+named A. Anthony McLellen to the new position of president of
+Hooker Holdings (U.S.A.) Inc, the holding company for Hooker
+Corp's U.S. operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3525" NEWID="14542">
+<DATE> 7-APR-1987 15:53:10.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2301&#31;reute
+r f BC-CANNON-&lt;CAN>-SELLS-ST   04-07 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANNON &lt;CAN> SELLS STAKE IN HBO/CANNON VENTURE</TITLE>
+<DATELINE>    LOS ANGELES, April 7 - </DATELINE><BODY>Cannon Group Inc said it agreed in
+principle to sell its 50 pct interest in the HBO/Cannon Video
+joint venture to the Home Box Office unit of Time Inc &lt;TL>.
+    The company said it is making the sale because in the near
+future all of its video products will be licensed in the United
+States and Canada to either the Warner Brothers unit of Warner
+Communications Inc &lt;WCI>, or to Media Home Entertainment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3526" NEWID="14543">
+<DATE> 7-APR-1987 15:53:48.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2302&#31;reute
+r f BC-GENCORP-&lt;GY>-STAYS-ON   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> STAYS ON S/P CREDITWATCH, NEGATIVE</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Standard and Poor's Corp said it is
+keeping GenCorp Inc's 100 mln dlrs of BB-plus subordinated debt
+on creditwatch with negative implications.
+    S and P cited the company's announcement that it will
+purchase up to 54 pct of its common stock shares for 1.6
+billion dlrs. GenCorp will finance some of the buy back with
+bank loans, the agency noted.
+    GenCorp was originally placed on creditwatch for a possible
+downgrade after a partnership affiliated with AFG Industries
+Inc &lt;AFG> and Wagner and Brown made a tender offer of 110 dlrs
+per share, or 2.2 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3527" NEWID="14544">
+<DATE> 7-APR-1987 15:53:58.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2303&#31;reute
+r f BC-HOUSTON-OIL-TRUST-&lt;HO   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSTON OIL TRUST &lt;HO> HALTS ROYALTIES</TITLE>
+<DATELINE>    HOUSTON, April 7 - </DATELINE><BODY>Houston Oil Trust said there will be no
+royalty funds available for distribution to unit holders in
+April.
+    It also said that based on recent independent petroleum
+engineers' estimates of Oct 31, 1986, there may be no amounts
+avialable for distribution the rest of the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3528" NEWID="14545">
+<DATE> 7-APR-1987 15:54:07.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2304&#31;reute
+s f BC-UPPER-PENINSULA-POWER   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UPPER PENINSULA POWER CO &lt;UPEN> SETS PAYOUT</TITLE>
+<DATELINE>    HOUGHTON, Mich., April 7 -
+    </DATELINE><BODY>Qtly dividend 52-1/2 cts vs 52-1/2 cts
+    Pay May one
+    record April 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3529" NEWID="14546">
+<DATE> 7-APR-1987 15:54:23.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2305&#31;reute
+u f BC-ny-coffee-mids-report   04-07 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NY COFFEE FUTURES CLOSE HIGHER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>N.Y. coffee futures closed higher again
+today on trade talk Brazil would not be an aggressive seller
+near term, analysts said.
+    In addition, roaster demand emerged in some forward
+deliveries, while earlier trade selling around the 102.50 cent
+level in the May retreated. May closed 2.21 cents higher at
+104.25 cents, its highest close since March 30.
+    Analysts said the market has now fully discounted the fact
+that there most likely will not be fresh ICO coffee quota talks
+until September. "It's now starting to focus more on the day to
+day, a possibly oversold condition, and some roaster interest,"
+one analyst said.
+    Estimated volume was 3,605 contracts.
+    July was up 2.25 cents at 106.25 cents.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3530" NEWID="14547">
+<DATE> 7-APR-1987 15:54:26.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2306&#31;reute
+s f BC-ITT-CORP-&lt;ITT>-DECLAR   04-07 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT CORP &lt;ITT> DECLARES DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, April 7 - 
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay July 1
+    Record May 7
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3531" NEWID="14548">
+<DATE> 7-APR-1987 15:54:52.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2307&#31;reute
+u f BC-DAILY-MIDWEST-LIVESTO   04-07 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAILY MIDWEST LIVESTOCK SUMMARY - USDA</TITLE>
+<DATELINE>    St Paul, April 7 - </DATELINE><BODY>slaughter cattle sold steady to up 1.50
+dlrs. choice 2-4 1050-1350 lb steers 64.50-69.00, high plains
+69.50-70.00. choice 2-4 925-1150 lb heifers 63.00-67.00, high
+plains 68.00-68.50.
+    us 1-3 210-250 lb barrows and gilts rose 1.00 to 2.00 dlrs
+at 50.50-52.50 terminals markets and direct trade 49.50-52.00.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3532" NEWID="14549">
+<DATE> 7-APR-1987 15:55:08.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2308&#31;reute
+s f BC-PACIFIC-LIGHTING-CORP   04-07 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC LIGHTING CORP &lt;PLT> QTLY DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELES, April 7 -
+    </DATELINE><BODY>Shr 87 cts vs 87 cts prior qtr
+    Pay May 15
+    Record April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3533" NEWID="14550">
+<DATE> 7-APR-1987 15:55:25.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2309&#31;reute
+s f BC-STALEY-CONTINENTAL-&lt;S   04-07 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STALEY CONTINENTAL &lt;STA> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    ROLLING MEADOWS, ILL., April 7 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts previously
+    Pay June Eight
+    Record May 22
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3534" NEWID="14551">
+<DATE> 7-APR-1987 15:55:35.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2310&#31;reute
+s f BC-ITT-CORP-&lt;ITT>-REGULA   04-07 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT CORP &lt;ITT> REGULAR QTRLY DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, April 7 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Payable July one
+    Record May 7
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3535" NEWID="14552">
+<DATE> 7-APR-1987 15:56:29.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f2311&#31;reute
+r f BC-HOG/CORN-RATIO-UP-IN   04-07 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG/CORN RATIO UP IN WEEK - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The hog/corn ratio for the week ended
+April 4 was 32.7 versus 32.1 the previous week and 17.1 in the
+corresponding week a year ago, the U.S. Agriculture Department
+said.
+    The steer/corn ratio in the same week was 42.2, versus 41.2
+the previous week and 22.9 in the corresponding week a year
+ago.
+    The ratio represents the number of bushels of corn at Omaha
+that can be bought for 100 lbs of hog or steer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3536" NEWID="14553">
+<DATE> 7-APR-1987 15:56:36.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2312&#31;reute
+u f BC-COMTERM,-GENERAL-INST   04-07 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMTERM, GENERAL INSTRUMENT (GRL) IN CONTRACT</TITLE>
+<DATELINE>    MONTREAL, April 7 - </DATELINE><BODY>(Comterm Inc) said it signed an
+agreement to manufacture computer terminals for General
+Instrument Corp to be used in the company's computerized
+electronic lottery systems. Comterm did not give the value or
+other details of the contract.            
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3537" NEWID="14554">
+<DATE> 7-APR-1987 15:57:21.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2313&#31;reute
+d f BC-westmin-to-raise   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTMIN TO RAISE MYRA FALLS CAPACITY BY 33 PCT</TITLE>
+<DATELINE>    CALGARY, Alberta, April 7 - </DATELINE><BODY>&lt;Westmin Resources Ltd> said it
+plans to increase capacity at its Myra Falls, British Columbia,
+base and precious metal mine and mill complex by 33 pct to
+4,400 tons of ore a day, subject to regulatory approvals.
+    The company said the expansion will cost about 24 mln dlrs
+and could be in operation by 1988.
+    Economies of scale from the expansion should pay back net
+expansion cost in less than one year, Westmin said.
+    The Myra Falls complex processed 3,257 tons of ore a day
+during 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3538" NEWID="14555">
+<DATE> 7-APR-1987 15:57:29.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2314&#31;reute
+d f BC-mpls-cash-grain   04-07 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNEAPOLIS DAILY CASH GRAIN CLOSE (RAIL) USDA</TITLE>
+<DATELINE>   APRIL 7  - </DATELINE><BODY>(CENTS PER BUSHEL)
+ Minneapolis/Duluth Cash Close and Change
+ M=Minneapolis, D=Duluth, NB=no bid
+ 1 DNS WHEAT: PROTEIN
+  ord port   M-D 268-1/4n   up 1-3/4 
+  11 pct     M-D 273-1/4n   up 1-3/4 
+  12 pct     M-D 288-1/4    up 6-3/4 
+  13 PCT     M-D 296-1/4    up 1-3/4 
+  14 pct     M-D 323-1/4    up 1-3/4 
+  15 pct     M-D 375-1/4    up 1-3/4 
+  16 pct     M-D 415-1/4    up 1-3/4 
+  17 pct     M-D 420-1/4n   up 1-3/4 
+ 1 HRW WHEAT
+  12 pct     D-M-288-1/4   dn 1/4    
+  13 pct     D-M-300-1/4   up 1-3/4  
+  1 Hard Amber Durum
+   Milling  M-D 395-400    unch      
+   Terminal   M-355n       unch      
+              D-380n       unch      
+ 1 Pl Rye     M-185        unch      
+ 2 Rye        M-165n-175n  unch      
+ 1 Hvy Oats   M-155n-166n  unch      
+ 2 Hvy Oats   M-155n-166   unch      
+ Malting Barley - 65 pct or better
+   Mellow     M-200-205    unch      
+   Blue       M-205        unch      
+   2 Feed     M-unq                 
+              D-175b       unch     
+  Minneapolis Only
+ 2 Yel Corn     140-1/2b   up 2-1/2 
+ 1 Yel Soybeans 492-1/2b   up 2-3/4 
+ Sun Seeds - oil type
+              M-no quote            
+              D-no quote            
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3539" NEWID="14556">
+<DATE> 7-APR-1987 15:59:13.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2317&#31;reute
+h f BC-CRYODYNAMICS-&lt;CRYD>-W   04-07 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRYODYNAMICS &lt;CRYD> WARRANTS CONVERTED</TITLE>
+<DATELINE>    MOUNTAINSIDE, N.J., April 7 - </DATELINE><BODY>Cryodynamics Inc said it
+received 1,575,000 dlrs through a warrant conversion program
+that ended March 31.
+    The company said 85.5 pct of its one mln outstanding
+warrants were converted to common stock. It said it now has
+7,500,000 common shares outstanding.
+    The money generated by the warrant conversion has been
+added to working capital, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3540" NEWID="14557">
+<DATE> 7-APR-1987 15:59:54.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2318&#31;reute
+f f BC-******MOODY'S-DOWNGRA   04-07 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S DOWNGRADES DAYTON HUDSON'S 1.3 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3541" NEWID="14558">
+<DATE> 7-APR-1987 16:00:22.38</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2319&#31;reute
+r f BC-SUN-&lt;SUN>-RAISES-HEAT   04-07 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN &lt;SUN> RAISES HEATING OIL BARGE PRICE</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Sun Co's Sun Refining and Marketing Co
+subsidiary said it raised the price it charges contract barge
+customers for heating oil in New York harbor by 0.50 cent a
+gallon, effective today.
+    The increase brings the contract barge price to 50.50 cts a
+gallon, Sun said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3542" NEWID="14559">
+<DATE> 7-APR-1987 16:01:00.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V F
+&#22;&#22;&#1;f2320&#31;reute
+u f BC-QT8912   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS LOWER IN LATE TRADING</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Wall Street stock prices were pounded
+lower late this afternoon by futures related sell programs and
+strong profit taking. A weak bond market ignited concern about
+rising interest rates and inflation, triggering the selloff,
+traders said.
+    The Dow Industrials fell 39 points to 2367.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3543" NEWID="14560">
+<DATE> 7-APR-1987 16:01:17.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2321&#31;reute
+f f BC-******U.S.-SELLING-13   04-07 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLING 13.2 BILLION DLRS OF 3 AND 6-MO BILLS APRIL 13 TO PAY DOWN 12.35 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3544" NEWID="14561">
+<DATE> 7-APR-1987 16:01:35.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2322&#31;reute
+r f BC-LEVITT-&lt;LVT>-FILES-FO   04-07 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEVITT &lt;LVT> FILES FOR DEBENTURE OFFERING</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Levitt Corp said it filed with the
+Securities and Exchange Commission a registration statement
+covering a 25 mln dlr issue of convertible subordinated
+debentures due 2012.
+    Proceeds from the offering will repay the company's debt
+and will be used for general corporate purposes.
+    Levitt designs, builds and sells single-family homes and
+has recently begun a number of new construction projects,the
+company added.
+    Bear, Stearns and Co and Merrill Lynch Capital Markets have
+tentatively been named as underwriters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3545" NEWID="14562">
+<DATE> 7-APR-1987 16:01:52.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2324&#31;reute
+u f BC-NYMEX-HEATING-OIL-CLS   04-07 0145</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX HEATING OIL CLSG 7-APR
+          OPEN      HIGH   LOW     CLOSE
+ MAY7 4900L  4905H  4955  4900  4920L  4930H
+ JUN7 4845L  4855H  4915  4850  4885L  4895H
+ JUL7 4835          4900  4835  4870
+ AUG7 4880          4930  4875   --
+ SEP7 4950          5000  4950   --
+ OCT7  --           5085  5050   --
+ NOV7  --           5130  5110   --
+ DEC7  --           5250  5170  5170
+ JAN8  --           5219  5219   --
+ FEB8  --           5220  5220   --
+ MAR8  --            --    --    --
+ APR8  --            --    --    --
+ MAY8  --            --    --    --
+ JUN8  --            --    --    --
+    SETT  P SETT    SETT  P SETT    SETT P SETT
+ MAY7 4924  4879 JUN7 4893  4831 JUL7 4870  4816
+ AUG7 4917  4862 SEP7 4987  4930 OCT7 5062  5009
+ NOV7 5132  5085 DEC7 5202  5160 JAN8 5252  5219
+ FEB8 5282   --  MAR8  --    --  APR8  --   4915
+ MAY8  --     85 JUN8  --    --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3546" NEWID="14563">
+<DATE> 7-APR-1987 16:02:01.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2325&#31;reute
+r f BC-SPORTSCENE-ACQUIRES-C   04-07 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPORTSCENE ACQUIRES CHRISTOPHE VAN HOUTTE CHAIN</TITLE>
+<DATELINE>    MONTREAL, April 7 - </DATELINE><BODY>(Sportscene Restaurants Inc) said it
+acquired (Cafe Christophe Van Houtte Inc), a cafe chain with
+ten franchises and one corporate restaurant, for an unspecified
+amount of cash and Sportscene shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3547" NEWID="14564">
+<DATE> 7-APR-1987 16:02:11.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2326&#31;reute
+u f BC-NYMEX-CRUDE-OIL-CLSG   04-07 0121</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX CRUDE OIL CLSG 7-APR
+          OPEN      HIGH   LOW     CLOSE
+ MAY7 1873L  1877H  1892  1873  1883L  1885H
+ JUN7 1842L  1844H  1858  1840  1846L  1850H
+ JUL7 1816L  1819H  1828  1815  1817L  1822H
+ AUG7 1803L  1804H  1812  1799  1802L  1805H
+ SEP7 1797A         1804  1792   --
+ OCT7 1793          1800  1793   --
+ NOV7 1793B  1800A  1800  1787   --
+ DEC7 1793B  1800A  1805  1790   --
+ JAN8 1792B  1800A  1800  1800   --
+ FEB8 1792B  1800A  1790  1790   --
+ MAR8  --            --    --    --
+    SETT  P SETT    SETT  P SETT    SETT P SETT
+ MAY7 1884  1867 SEP7 1794  1788 JAN8 1786  1788
+ JUN7 1849  1834 OCT7 1790  1786 FEB8 1786  1788
+ JUL7 1819  1807 NOV7 1788  1786 MAR8  --    --
+ AUG7 1804  1794 DEC7 1788  1788
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3548" NEWID="14565">
+<DATE> 7-APR-1987 16:03:40.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2327&#31;reute
+r f BC-QT8208   04-07 0088</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ CANADIAN MONEY MARKET RATES CLOSING - APR 07
+ CANADA TREASURY BILLS
+  90  days     06.93
+  180 days     07.20
+ FINANCE COMPANY PAPER
+  30  days     07.00
+  60 days      07.05
+  90 days      07.08
+ BANK PAPER
+  30 days      07.05
+  60 days      07.08
+  90 days      07.12
+ BANKERS ACCEPTANCES
+  30 days      06.95
+  60 days      07.00
+  90 days      07.02
+ CANADIAN DOLLAR SWAPS
+  30 days      06.95
+  60 days      07.10
+  9O days      07.15
+ CALL MONEY:   07.00
+ DAY  MONEY:   07.00
+ PRIME RATE:   08.75
+ U.S. DLR BASE RATE: 08.25
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3549" NEWID="14566">
+<DATE> 7-APR-1987 16:03:45.50</DATE>
+<TOPICS><D>instal-debt</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2328&#31;reute
+f f BC-******U.S.-CONSUMER-C   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. CONSUMER CREDIT ROSE 1.77 BILLION DLRS IN FEB VS REVISED 789 MLN JAN GAIN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3550" NEWID="14567">
+<DATE> 7-APR-1987 16:03:56.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2329&#31;reute
+f f BC-******NYSE-TUMBLES-45   04-07 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE TUMBLES 45 POINTS ON PROFIT TAKING AND FUTURES RELATED SELL PROGRAMS, TRADERS SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3551" NEWID="14568">
+<DATE> 7-APR-1987 16:04:17.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2330&#31;reute
+u f BC-SANTOS-ENTREGAS-DIRET   04-07 0035</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SANTOS ENTREGAS DIRETAS COFFEE CLSG APR 7
+     CRUZADOS PER 60 KG
+     APR      2.000,00
+     MAY      2.100,00
+     JUN      2.200,00
+     MAY/JUN  2.300,00
+     JLY/DEC  2.800,00
+     JAN/JUN  3.200,00
+     QUIET
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3552" NEWID="14569">
+<DATE> 7-APR-1987 16:04:29.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2331&#31;reute
+u f BC-RONSON-CORP-&lt;RONC>-4T   04-07 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RONSON CORP &lt;RONC> 4TH QTR DEC 31</TITLE>
+<DATELINE>    SOMERSET, N.J., April 7 -
+    </DATELINE><BODY>Shr loss 21 cts vs loss seven cts
+    Net loss 971,000 vs loss 318,000
+    Revs 8.3 mln vs 9.2 mln
+    Year
+    Shr loss 43 cts vs profit 14 cts
+    Net loss 1.9 mln vs profit 606,000
+    Revs 32.5 mln vs 31.9 mln
+    NOTE:1986 loss includes reserves of 329,000, 1985 includes
+tax benefit of 352,000, 96,000, and 570,000 dlrs.1986 4th qtr
+includes 850,000 dlrs writedowns, 499,000 dlr gain from sale.
+    1985 net includes extraordinary items of 108,000 and gain
+on sale of 1.6 mln dlrs , tax carryforward gain of 246,000
+dlrs.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3553" NEWID="14570">
+<DATE> 7-APR-1987 16:04:39.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2332&#31;reute
+u f BC-SANTOS-COFFEE-SPOTS-A   04-07 0024</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SANTOS COFFEE SPOTS APR 7
+     CRUZADOS PER 60 KG
+     ESTILO SANTOS 1.883,33
+     SANTOS RIADO  1.783,33
+     SEM DESCRICAO 1.683,33
+     STEADY
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3554" NEWID="14571">
+<DATE> 7-APR-1987 16:07:09.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2333&#31;reute
+u f AM-GULF-IRAQ 1STLD  04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ REPORTS FIERCE FIGHTING TO REMOVE IRANIANS</TITLE>
+<DATELINE>    BAGHDAD, April 7 - </DATELINE><BODY>Iraq said its forces were battling to
+dislodge Iranian troops from territory they gained during a new
+three-pronged offensive on the war front near the southern city
+of Basra.
+    The third High Command communique issued during the day
+said the Iranians launched a major overnight assault on the
+fronts of three Iraqi divisions, the Qutaiba, Muthanna and
+Mohammed al-Qassem forces.
+    The communique said the Iranian troops which attacked the
+Qutaiba front were annihilated but the invading force managed
+to gain some footholds on the other fronts.
+    "Fierce fighting has been raging since dawn today and all
+morning where our forces succeeded in dislodging the Iranians
+from all the positions they gained at the Muthanna front and
+the situation ended in Iraq's favour," the communique said.
+    It said Iraqi forces were continuing counter-attacks to
+drive the Iranians from the few positions they were still
+holding on the front of the Mohammed al-Qassem forces.
+    The precise locations of the three fronts were not given. A
+previous Iranian offensive launched in January towards Basra,
+Iraq's second city, was halted with Baghdad saying the Iranians
+had gained only a narrow strip of Iraqi territory.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3555" NEWID="14572">
+<DATE> 7-APR-1987 16:07:19.60</DATE>
+<TOPICS><D>gold</D><D>silver</D><D>copper</D><D>zinc</D><D>lead</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2334&#31;reute
+u f BC-westmin-to-raise   04-07 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTMIN TO RAISE MYRA FALLS CAPACITY BY 33 PCT</TITLE>
+<DATELINE>    CALGARY, Alberta, April 7 - </DATELINE><BODY>Westmin Resources Ltd said it
+plans to increase capacity at its Myra Falls, British Columbia,
+base and precious metal mine and mill complex by 33 pct to
+4,400 short tons of ore a day, subject to regulatory approvals.
+    The company said the expansion will cost about 24 mln dlrs
+and could be in operation by 1988.
+    Economies of scale from the expansion should pay back net
+expansion cost in less than one year, Westmin said.
+    The Myra Falls complex processed 3,257 tons of ore a day
+during 1986. Myra Falls 1986 production was 44,000 ounces of
+gold, 966,266 ounces of silver, 45.5 mln lbs of copper, 96.2
+mln lbs of zinc and 777,000 lbs of lead, a company spokesman
+said.
+    Myra Falls 1986 production was 44,000 ounces of gold,
+966,266 ounces of silver, 45.5 mln pounds of copper, 96.2 mln
+pounds of zinc and 777,000 pounds of lead, a company spokesman
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3556" NEWID="14573">
+<DATE> 7-APR-1987 16:07:58.88</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2335&#31;reute
+u f BC-TREASURY-BALANCES-AT   04-07 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED ROSE ON APRIL 6</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve rose on April 6 to 4.262 billion dlrs from 3.876
+billion dlrs on the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts fell to 4.950
+billion dlrs from 5.004 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 9.212 billion
+dlrs on April 6 compared with 8.880 billion dlrs on April 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3557" NEWID="14574">
+<DATE> 7-APR-1987 16:08:36.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2336&#31;reute
+d f BC-GENERAL-PHYSICS-&lt;GPHY   04-07 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL PHYSICS &lt;GPHY> TO PURCHASE SHARES</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>General Physics Corp said it will
+purchase up to 100,000 shares of its common stock from time to
+time in open market transactions.
+    The purchase would represent approximately 16 pct of the
+shares in the public float, the company said. Yesterday, the
+last bid price of General Physics common stock as quoted by
+Nasdaq was 15 dlrs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3558" NEWID="14575">
+<DATE> 7-APR-1987 16:08:58.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2337&#31;reute
+b f BC-******ITT-CORP-TO-BUY   04-07 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ITT CORP TO BUY BACK UP TO 10 MLN SHARES OF COMMON STOCK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3559" NEWID="14576">
+<DATE> 7-APR-1987 16:09:06.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ LQ MQ TQ
+&#22;&#22;&#1;f2338&#31;reute
+u f BC-moodys-comms-index   04-07 0006</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+  MOODY'S COMMODITY INDEX-APR 07
+  926.0
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3560" NEWID="14577">
+<DATE> 7-APR-1987 16:09:11.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2339&#31;reute
+u f BC-SAO-PAULO-COFFEE-CLSG   04-07 0029</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SAO PAULO COFFEE CLSG APR 7
+ MAY 2.344,00
+ JLY 2.856,00
+ SEP 3.366,00
+ DEC 4.838,90
+ MCH 7.028,00
+ MAY 8.550,00
+ PRICES IN CRUZADOS PER 60 KG
+ TRADES 553 LOTS OF 60 KILO BAG
+ FIRM
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3561" NEWID="14578">
+<DATE> 7-APR-1987 16:10:26.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2341&#31;reute
+d f BC-kc-truck-prices   04-07 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY TRUCK PRICES - USDA</TITLE>
+<DATELINE>  APRIL 7  - </DATELINE><BODY>FOR SUPPLIES DELIVERED TO K.C.
+ WINTER WHEAT
+    1 Hard Red-- Ordinary Protein
+                   288-292       dn 1              
+    2 Soft Red     292-293       unch-dn 1         
+ 2 YELLOW CORN     158-160       up 2-unch         
+ 2 YELLOW SORGHUM  271-282       unch-up 3         
+ 1 YELLOW SOYBEANS 499-505       up 5              
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3562" NEWID="14579">
+<DATE> 7-APR-1987 16:10:37.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2342&#31;reute
+b f BC-/U.S.-TO-SELL-13.2-BI   04-07 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO SELL 13.2 BILLION DLRS IN BILLS</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The U.S. Treasury said it will sell
+13.2 billion dlrs of three and six-month bills at its regular
+auction next week.
+    The April 13 sale, to be evenly divided between the three
+and six month issues, will result in a paydown of 12.35 billion
+dlrs as maturing bills total 25.55 billion dlrs including the
+9-day cash management bills issued April 7 in the amount of
+11.01 billion dlrs.
+    The bills will be issued April 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3563" NEWID="14580">
+<DATE> 7-APR-1987 16:11:06.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2343&#31;reute
+r f BC-st-louis-barge-call   04-07 0031</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+RICHMOND CASH GRAIN
+ no2 red winter wheat 271-281 new crop 253-258
+ no2 yellow corn      158-183
+ no1 white corn       233
+ no1 soybeans         470-495
+ no2 barley           new crop 115
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3564" NEWID="14581">
+<DATE> 7-APR-1987 16:12:18.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2344&#31;reute
+d f BC-kc-cash-grains   04-07 0092</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+KANSAS CITY DAILY CASH GRAINS-USDA - APRIL 7 
+ (IN CENTS PER BUSHEL EXCEPT SORGHUM IN CWT)
+ 1 Hard red winter wheat
+   Ordinary     297-3/4         dn 1/4  
+   12 PCT       301-3/4         dn 1/4  
+   13 PCT       307-3/4         dn 1/4  
+   14 PCT       314-3/4         up 3/4  
+ 1 Soft red winter wheat
+                317-3/4         dn 1-1/4
+ 2 White Corn   200-220         unch    
+ 2 Yel Corn     155-1/2-160-1/2 dn 3/4-up 1/4   2 Yel Sorghum 
+273-282         up 3        
+ 1 Yel Soybeans 499-3/4-504-3/4 up 5         
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3565" NEWID="14582">
+<DATE> 7-APR-1987 16:12:57.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2345&#31;reute
+d f BC-MANUFACTURERS-&lt;MHC>-I   04-07 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURERS &lt;MHC> IN BUILDING FORECLOSURE</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Manufacturers Hanover Corp said its OFP
+Inc unit acquired a Dallas office building through foreclosure.
+    The company said it foreclosed on the Allied Bank Tower, a
+1.2 mln-square-feet office building at One Fountain Place,
+Dallas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3566" NEWID="14583">
+<DATE> 7-APR-1987 16:13:10.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2346&#31;reute
+f f BC-******TEXACO-FILES-IN   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEXACO FILES IN TEXAS COURT TO ENJOIN 10.3 BILLION DLR BOND, PENNZOIL ATTORNEY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3567" NEWID="14584">
+<DATE> 7-APR-1987 16:13:22.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2347&#31;reute
+b f BC-******ITT-STOCK-BUYBA   04-07 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ITT STOCK BUYBACK TO INCLUDE COMMON AND PREFERRED SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3568" NEWID="14585">
+<DATE> 7-APR-1987 16:14:04.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2349&#31;reute
+d f BC-TERRACE-BANK-OF-FLORI   04-07 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TERRACE BANK OF FLORIDA TO SELL 500,000 SHARES</TITLE>
+<DATELINE>    TAMPA, April 7 - </DATELINE><BODY>Terrace Bank of Florida said it is selling
+500,000 shares of stock at 10.50 dlrs per share in its initial
+offering.
+    The organizers of the bank plan to purchase 81,000 of those
+shares, which will have a par value of five dlrs.
+    Individual investors may purchase as few as 100 shares of
+the stock, the bank said. The offering is slated to end by May
+15, but could be extended, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3569" NEWID="14586">
+<DATE> 7-APR-1987 16:14:14.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2350&#31;reute
+s f BC-HI-SHEAR-INDUSTRIES-I   04-07 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HI-SHEAR INDUSTRIES INC &lt;HSI> SETS PAYOUT</TITLE>
+<DATELINE>    NORTH HILLS, N.Y., April 7 -
+    </DATELINE><BODY>Qtrly div 11 cts vs 11 cts prior
+    Pay April 28
+    Record April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3570" NEWID="14587">
+<DATE> 7-APR-1987 16:14:42.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f2351&#31;reute
+u f BC-COCA-COLA-BOTTLING-&lt;C   04-07 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA-COLA BOTTLING &lt;COKE> TERMINATES TALKS</TITLE>
+<DATELINE>    CHARLOTTE, N.C., APril 7 - </DATELINE><BODY>Coca-Cola Bottling Co
+Consolidated said it terminated negotiations with the proposed
+purchaser of its wholly owned subsidiary headquartered in
+Vancouver, B.C.
+    The company said it is vigorously continuing its efforts to
+sell its Canadian operations, substantially on the terms and
+conditions previously announced.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3571" NEWID="14588">
+<DATE> 7-APR-1987 16:15:07.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2352&#31;reute
+u f BC-ny-oj-clsg-report   04-07 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. FCOJ FUTURES CLOSE HIGHER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Frozen concentrated orange juice
+futures closed 2.60 to 0.80 cents higher, though the market
+failed to hold early gains of as much as 4.40 cents in the July
+delivery. Estimated volume was 1,000 contracts.
+    May was up 1.70 cents at 132.90 cents, off a high of 133.50
+cents. July was up 2.60 cents at 131.70 cents.
+    Speculative short covering early in the session pushed the
+market up, after locals succeeded in triggering stops over
+132.00 cents in the May. The trade was an early buyer as well
+but turned seller at the top, taking profits and knocking
+prices off the early highs.
+    The afternoon session was quiet and prices remained steady.
+Traders said spot May now roughly reflects the ex-dock price of
+Brazilian juice.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3572" NEWID="14589">
+<DATE> 7-APR-1987 16:15:36.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;LQ
+&#22;&#22;&#1;f2353&#31;reute
+d f BC-pork-cutout   04-07 0063</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PORK CUT OUT FOR APRIL 7 
+    Estimated gross cutout value of 175 lb hog carcasses based
+on carlot prices of pork cuts and yields from USDA tests. FOB
+OMAHA BASIS.
+           Grade of Carcass (price per cwt)
+           ONE      TWO      THREE    FOUR
+ Value/cwt 67.72    65.78    63.85    61.91 
+ Change from previous day
+          dn 0.22   dn 0.20  dn 0.17  dn 0.15
+ Calculations for US No.2 175 lb pork carcasses.
+                     CARCASS  FOB
+ CUT          WEIGHT  PCT    OMAHA  CHANGE
+ Skinned Hams 14-20 21.01  73.50  dn 6.50 
+ Loins/retail 14-22 20.33 112.00  up 5.00 
+ Sdls Bellies 12-14 13.90  61.00  up 1.00 
+ Spareribs    3.5/dn 3.03 143.00  unch    
+ Picnics      8-12  10.31  42.50  unch    
+ Butts/retail 4-8    7.25  83.00  unch    
+ 72 pct trim         2.19  75.00  unch    
+ TOTAL PERCENTAGE 94.51, VALUE/CWT 65.78
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3573" NEWID="14590">
+<DATE> 7-APR-1987 16:16:33.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ
+&#22;&#22;&#1;f2355&#31;reute
+u f BC-TSE-300-16-15-00---38   04-07 0011</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TSE 300 16:15:00   3871.00   OFF10.20
+VOLUME            39,746,547
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3574" NEWID="14591">
+<DATE> 7-APR-1987 16:16:56.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM FQ
+&#22;&#22;&#1;f2356&#31;reute
+u f BC-QT8457   04-07 0044</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. EURODEPOSITS CLOSING - APR 7
+ U.S. DOLLAR
+ One month    6-3/8      6-1/4
+ Two months   6-7/16    6-5/16
+ Three months 6-1/2      6-3/8
+ Four months  6-9/16    6-7/16
+ Five months  6-9/16    6-7/16
+ Six months   6-5/8      6-1/2
+ Year         6-13/16  6-11/16
+
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3575" NEWID="14592">
+<DATE> 7-APR-1987 16:17:03.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ
+&#22;&#22;&#1;f2357&#31;reute
+u f BC-TORONTO-ACTIVE-MINES   04-07 0085</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TORONTO ACTIVE MINES 7-APR-87  16:15:01
+VOLUME     COMPANY     LAST      CHANGE
+547330   NORANDA INC       32  OFF      1/8
+419800   EQUITY MN     12 3/8  UP     1 1/4
+342745   HEMLO GOLD    27 1/4  UP       7/8
+308700   TOTAL ERICK    5 1/2  UP     0.850
+288300   NOVA BEAUG     0.470  UNCH
+264138   DOME MINES    16 3/4  OFF      1/4
+237000   ATLAS YELLOW0.23 1/2  UP  0.00 1/2
+192980   LACANA MN     18 1/2  UP     1 3/8
+175425   N S R RES      0.590  UP     0.100
+172336   PLACER DVEL   47 1/4  UP     1 1/2
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3576" NEWID="14593">
+<DATE> 7-APR-1987 16:17:12.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ FQ
+&#22;&#22;&#1;f2358&#31;reute
+u f BC-TORONTO-ACTIVE-INDUST   04-07 0086</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TORONTO ACTIVE INDUSTRIALS 7-APR-87  16:15:02
+VOLUME      COMPANY      LAST      CHANGE
+533043    CAN PAC LTD   24 3/4  OFF     1/4
+526256    SYNGOLD EXPL   4.700  UP    0.350
+480805    B.C.FOREST    20 3/4  UNCH
+433945    CONTL BANK    17 3/8  UP      1/8
+408683    FALCB LTD     19 3/4  OFF     1/8
+401760    NOVA ALB A     9 1/8  OFF     1/8
+386889    CARMA LTD CL   0.150  OFF   0.010
+381667    MVP CAP CORP   2.250  UP    0.120
+375400    SILVERSIDE R   2.000  UP    0.150
+352530    INCO LTD      21 5/8  OFF     1/8
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3577" NEWID="14594">
+<DATE> 7-APR-1987 16:17:16.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2359&#31;reute
+u f BC-ITT-&lt;ITT>-TO-BUY-BACK   04-07 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT &lt;ITT> TO BUY BACK COMMON, PREFERRED ISSUES</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>ITT Corp said its board authorized the
+repurchase of up to 10 mln shares of its common and preferred
+stock as market conditions warrant.
+    The company said the repurchased shares will be held as
+treasury shares.
+    An ITT spokesman said the board approved the proposed stock
+buy back as part of its program to enhance shareholder value
+and increase ITT's per-share earnings.
+    He said ITT would fund the purchases with a portion of the
+1.3 billion dlrs in cash it received from selling a majority
+interest in its telecommunications operations to &lt;Compagnie
+Generale d'Electricite> of France.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3578" NEWID="14595">
+<DATE> 7-APR-1987 16:17:27.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2360&#31;reute
+u f BC-wnpg-oilseeds-report   04-07 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINNIPEG OILSEED FUTURES END UP, GRAINS MIXED</TITLE>
+<DATELINE>    WINNIPEG, April 7 - </DATELINE><BODY>Winnipeg oilseed futures closed higher
+in sympathy with strength in the Chicago soybean complex, with
+grains mixed in quiet trade.
+    Rapeseed futures ended with gains of 2.60 to 3.30 dlrs per
+tonne, with flaxseed up 4.90 to 4.00 dlrs. Commission house and
+commercial short-covering overcame moderate elevator house
+hedge selling in both oilseeds, traders said. Continued
+Japanese crusher export buying added support to rapeseed, with
+locals net buyers in flaxseed.
+    Rye finished unchanged to up 0.10 dlr, with feed grains
+ranging from down 0.60 dlr in May wheat to up 0.30 in new
+December barley. Strength in new crop Chicago corn futures kept
+deferreds here strong relative to nearbys. May and July oats
+again set new contract lows.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3579" NEWID="14596">
+<DATE> 7-APR-1987 16:17:33.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ
+&#22;&#22;&#1;f2361&#31;reute
+u f BC-TORONTO-ACTIVE-OILS-7   04-07 0087</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TORONTO ACTIVE OILS 7-APR-87 16:15:03
+VOLUME     COMPANY       LAST      CHANGE
+367161  WHARF RES        5 5/8   UP      3/8
+310300  SCARBORO      0.10 1/2   OFF   0.010
+284900  PENANT RES       0.400   UP    0.040
+239115  PLEXUS RES       4.250   OFF   0.550
+237420  POCO PETE       16 1/4   UP      1/8
+229775  DRUMMOND         0.320   UP    0.020
+170751  ENCOR ENERGY     7 3/8   UP      1/8
+169700  ASMRA INC       14 5/8   UP      3/8
+164518  ULSTER PETE      2.650   UP    0.100
+133400  NRTHLND OIL      0.230   UNCH
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3580" NEWID="14597">
+<DATE> 7-APR-1987 16:17:43.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2362&#31;reute
+r f BC-WEEKLY-ELECTRIC-OUTPU   04-07 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEEKLY ELECTRIC OUTPUT UP 11.1 PCT FROM 1986</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>U.S. power companies generated a net
+47.68 billion kilowatt-hours of electrical energy in the week
+ended April four, up 11.1 pct from 42.91 billion a year
+earlier, the Edison Electric Institute (EEI) said.
+    In its weekly report on electric output, the electric
+utility trade association said electric output in the week
+ended March 28 was 45.56 billion kilowatt-hours.
+    The EEI said power production in the 52 weeks ended April
+four was 2,563.61 billion kilowatt hours, up 2.4 pct from the
+year-ago period.
+    Electric output so far this year was 695.50 billion
+kilowatt hours, up 2.8 pct from 676.58 billion last year, the
+EEI said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3581" NEWID="14598">
+<DATE> 7-APR-1987 16:18:13.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2363&#31;reute
+u f BC-ny-coffee-phys-shpmts   04-07 0102</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COFFEE PHYSICALS SHIPMENTS - April 7
+    (ex-dock NY, cents per lb unless stated)
+ Santos No. 4 May                        96.00N
+ Parana No. 4 Feb                           UNQ
+ Victoria No. 5                             UNQ
+ Colombian MAMs, April/May gross        108.50N
+ El Salvador, Standards, April          103.00N
+ Mexican P. Washed new crop, April/May   95.00N
+ Guatemalan prime washed new crop       103.00N
+ Peruvian, May                           86.00N
+ Ugandan FAQ,                               UNQ
+ Indonesian EK-ones, April/May           86.00N
+ Ecuador Three Pcts                      80.00N
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3582" NEWID="14599">
+<DATE> 7-APR-1987 16:18:33.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A C RM
+&#22;&#22;&#1;f2364&#31;reute
+u f BC-int-rate-fut-report   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DEBT FUTURES CLOSE DOWN, NEAR DAILY LOWS</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>U.S. debt futures closed down and near
+daily lows after a choppy session.
+    Continued weakness in the dollar pressured the market.
+Bearish sentiment prevailed despite remarks made by Federal
+Reserve Chairman Paul Volcker that a further large drop in the
+dollar could be counterproductive to the world economy.
+    New agreements by the G-5 and G-7 nations, which are
+meeting this week, on stabilizing currency rates are expected
+to have little effect on the market, traders said.
+    June T-bonds again failed to take out resistance at
+98-16/32 as well as fill a chart gap between 98-25/32 and
+99-16/32.
+    CBT T-bonds closed 28/32 to 30/32 point lower, T-notes fell
+20/32 and muni bonds ended down one point. IMM T-bills ranged
+from 7 basis points lower to 2 basis points higher and
+Eurodollars closed down 6 to 11 basis points.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3583" NEWID="14600">
+<DATE> 7-APR-1987 16:18:44.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2365&#31;reute
+u f BC-ny-coffee-phys-spot   04-07 0101</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. COFFEE PHYSICALS SPOT - April 7
+    EX-DOCK, NY CENTS PER LB UNLESS INDICATED
+ SANTOS NO. 4,                              UNQ
+ PARANA NO. 4,                              UNQ
+ COLOMBIAN MAMS gross                   108.50N
+ EL SALVADOR, past crop, ex-New York    103.00N
+ MEXICAN, Prime Washed new crop Laredo   95.25N
+ GUATEMALA, extra prime ex-Miami        103.00N
+ UGANDAN FAQ                                UNQ
+ ETHIOPIAN DJIMMAS                       98.68N
+ INDONESIAN EK-ONES                      86.00N
+ ECUADORAN, 3 PCTS, ex-New Orleans       94.50N
+ PERU, natural past crop                 84.00N
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3584" NEWID="14601">
+<DATE> 7-APR-1987 16:18:56.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f2366&#31;reute
+u f BC-DAYTON-HUDSON-&lt;XXX>-D   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAYTON HUDSON &lt;XXX> DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded Dayton Hudson Corp's 1.3 billion dlrs of debt.
+    The agency cut to Aa-3 from Aa-2 Dayton Hudson's senior
+notes, debentures, revenue bonds and Eurodebt, and shelf
+registration to Provisional Aa-3 from Provisional Aa-2.
+    Moody's said it expected that leverage, which has risen
+because of an aggressive expansion program, would remain high
+due to the company's spending plans. The agency noted that
+Dayton Hudson's operating returns recently declined.
+    But Moody's also said the company's recent operating
+problems would probably be temporary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3585" NEWID="14602">
+<DATE> 7-APR-1987 16:19:02.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2367&#31;reute
+u f BC-portland-daily-grain   04-07 0050</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PORTLAND DAILY GRAIN - APRIL 7  (USDA)
+    Bids at 1230 hrs, Pacific time, for grains arriving at
+Portland, Oregon for April delivery by rail, truck or barge in
+cents per bushel, except oats, corn and barley, per cwt.
+ 1  Soft White Wheat  296-301 dn 1
+ 1  White Club Wheat  296-341 dn 38-dn 1
+ 1 HARD RED WINTER WHEAT--Exporters bids
+ PROTEIN
+  ORDINARY          310         dn 1          
+  10 PCT            310         dn 1          
+  11 PCT            312         dn 1          
+  12 PCT            316         dn 1          
+  13 PCT            328         dn 1          
+ Montana 1 Dark Northern Spring Wheat
+  13 pct            320         up 1          
+  14 pct            356         up 1          
+  15 pct            384         up 1          
+ 2 BARLEY
+ UNIT TRAINS/BARGES-EXPORT -
+ 430-440    unch         
+ SINGLE RAIL CARS-DOMESTIC -
+ 435-445    unch-dn 5    
+ INLAND FEEDING AREAS -
+ 405-420    dn 5-unch      
+2 YELLOW CORN - MIDWEST ORIGIN/DOMESTIC -
+ 370-385         up 3-3/4-dn 5    
+2 HEAVY WHITE OATS - 475-490  unch-dn 10
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3586" NEWID="14603">
+<DATE> 7-APR-1987 16:19:28.00</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2371&#31;reute
+u f BC-JAPANESE-CRUSHERS-BUY   04-07 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE CRUSHERS BUY CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, April 7 - </DATELINE><BODY>Japanese crushers bought 5,000 tonnes
+of Canadian rapeseed in export business overnight for late
+May/early June shipment, trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3587" NEWID="14604">
+<DATE> 7-APR-1987 16:20:08.05</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2373&#31;reute
+d f BC-CAREPLUS-&lt;CPLS>-SEEKS   04-07 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAREPLUS &lt;CPLS> SEEKS APPROVAL IN ACQUISITION</TITLE>
+<DATELINE>    MIAMI, April 7 - </DATELINE><BODY>CarePlus Inc said it will seek shareholder
+approval of its proposed acquisition of certain assets and
+assumption of certain liabilities of Professional Care Inc
+&lt;PCI>.
+    In connection with the acquisition, shareholders will be
+requested to approval the merger of CarePlus into its newly
+formed Delaware subsidiary, CarePlus said.
+    CarePlus said its board has tentatively determined that its
+stock would be exchanged for common stock of the new
+corporation at the rate of seven for one.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3588" NEWID="14605">
+<DATE> 7-APR-1987 16:20:26.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V F
+&#22;&#22;&#1;f2374&#31;reute
+u f BC-QT8916   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET CLOSE SHARPLY LOWER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Wall Street's fears about interest
+rates and inflation were reignited today, triggering a sharp
+selloff in active trading. Profit taking and arbitrage related
+sell programs, taking a cue from falling bond prices, combined
+to pound the market sharply lower.
+    The Dow Jones Industrial Average, which soared 85 points to
+record levels in the past two sessions, tumbled 45 points to
+close at 2361 today. It was the fourth biggest decline in the
+market's history. Declines led advances three-one as volume
+rose to 188 mln shares from the 174 mln that traded on Monday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3589" NEWID="14606">
+<DATE> 7-APR-1987 16:20:32.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2375&#31;reute
+u f BC-ny-phys-coffee-report   04-07 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. PHYSICAL COFFEE MARKET SEES LIGHT BUSINESS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>The New York physical coffee market was
+lightly traded today, dealers said.
+    Indonesian EK-Ones afloat sold for 86.00 cents a lb,
+ex-dock New York.
+    Colombians sold for 108.50 cents a lb gross, ex-dock New
+York, dealers said. The Colombian rebate today was 6.4 cents.
+    Mexican prime-washed beans were offered for spot shipment
+at 9.0 cents under the May futures, with buyers' ideas at 10.0
+cents under, ex-dock. Mexicans were also offered for April/May
+shipment at 9.25 cents under the May futures, dealers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3590" NEWID="14607">
+<DATE> 7-APR-1987 16:20:39.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2376&#31;reute
+r f BC-portland-grain-export   04-07 0065</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+DAILY PORTLAND GRAIN EXPORT PRICES - APRIL 7 
+ Exporter offers for June shipment
+    FOB ship in cents per bushel.
+ NO 2 OR BETTER SWW WHEAT 295     dn 3    
+ NO 2 OR BETTER WWW WHEAT 297     dn 3    
+ NO 2 OR BETTER HRW WHEAT 316     up 1    
+ NO 2 OR BETTER DNS WHEAT 358     up 2    
+ NO 2 BARLEY              209     unch    
+ NO 2 YELLOW CORN         199-3/4 up 1    
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3591" NEWID="14608">
+<DATE> 7-APR-1987 16:20:57.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2378&#31;reute
+r f BC-SOUTHERN-UNION-&lt;SUG>   04-07 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN UNION &lt;SUG> TO SELL NOTES, DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Southern Union Co said it filed with
+the Securities and Exchange Commission a registration statement
+covering a 50 mln dlr offering of 10-year notes and a
+same-sized issue of 30-year debentures.
+    Proceeds will be used to redeem three outstanding debenture
+issues and repay two outstanding note issues.
+    The company named Goldman, Sachs and Co as sole manager of
+the note and debenture offerings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3592" NEWID="14609">
+<DATE> 7-APR-1987 16:22:00.0</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2380&#31;reute
+u f BC-canastocks   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA STOCKS CLOSE LOWER ON PROFIT TAKING</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>Toronto stocks, higher at midsession,
+closed lower as a bout of profit taking on Wall Street spilled
+over to Canadian markets, analysts said.
+    The composite index dipped 10.20 points to 3871.00,
+although advances narrowly led declines 518 to 507 on very busy
+volume of 39.7 mln shares. The 300-share composite index soared
+139 points in the last three sessions.
+    "By and large, we had a good dose of profit taking today,"
+Maison Placements Canada Inc analyst John Ing commented. "It is
+more developments in the U.S. that appear to be influencing
+stock prices up here," he added.
+    Interlisted issues led the Toronto market lower, analyst
+Ing said. Seagram fell 2-1/8 to 100-3/8, Northern Telecom slid
+1-1/2 to 58-1/2 and leading active trader Canadian Pacific lost
+1/4 to 24-3/4.
+    Forest product stocks, making strong gains in recent
+sessions, traded mixed. MacMillan Bloedel lost 3/8 to 28-3/4,
+third top active British Columbia Forest Products was unchanged
+at 20-3/4 and Canfor Corp rose 1/2 to 35 dlrs.
+    Consolidated-Bathurst firmed 1/8 to 21-1/8. It said it
+expects the improvement in the pulp and paper sector shown in
+the second half of 1986 to continue this year.
+    Gold producer Galactic Resources jumped 1-1/8 to 10-3/8. It
+said yesterday it plans to merge with Quartz Mountain Gold and
+said Cornucopia Resources granted an option to enter in a
+Nevada joint venture.
+    Other precious metals strengthened against the lower trend.
+Hemlo Gold advanced 7/8 to 27-1/4 and Lacana Mining climbed
+1-3/8 to 18-1/2. Base metal stocks turned lower in the
+afternoon after early gains. Falconbridge eased 1/8 to 19-3/4,
+Inco slipped 1/8 to 21-5/8 and Noranda lost 1/8 to 32 dlrs.
+    Montreal's market portfolio index fell 12.52 points to
+1922.51. The Vancouver index rose 9.9 points to 1883.9.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3593" NEWID="14610">
+<DATE> 7-APR-1987 16:22:07.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;EQ
+&#22;&#22;&#1;f2381&#31;reute
+u f BC-TORONTO---STATISTICS   04-07 0055</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TORONTO   STATISTICS /VOLUME
+
+
+INDUSTRIALS UP     388
+            DOWN   428
+            UNCH   275
+          VOLUME    28,915,064
+
+MINES       UP      88
+            DOWN    49
+            UNCH    30
+          VOLUME    7,276,519
+
+OILS        UP      41
+            DOWN    30
+            UNCH    31
+          VOLUME    3,554,964
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3594" NEWID="14611">
+<DATE> 7-APR-1987 16:22:50.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y C
+&#22;&#22;&#1;f2382&#31;reute
+u f BC-u.s.-energy-futures   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY FUTURES SETTLE WITH MODEST GAINS</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>U.S. energy futures posted modest gains
+because of a supply squeeze in physical North Sea Brent crude
+oil
+and escalation of the Iran/Iraq war, traders and analysts said.
+    May crude closed 17 cts higher to 18.84 dlrs.
+    "Energy futures were led by the 15-day forward Brent Crude
+market in Europe, said Robert Murphy, account executive at E.F.
+Hutton and Company Inc, adding, "crude futures could jump above
+19 dlrs a barrel but will not remain there long if products are
+not strong," he added.
+    April Brent rose as high as 19.57 dlrs a barrel today.
+    Traders said reports that Iran opened a new southern front
+and Iraq attacked Iranian oil fields were also supportive.
+    Murphy said tonight's American Petroleum Institute report
+will need to show drawdowns in gasoline and distillate of two
+to four mln barrels each to support firmer crude prices.
+    "There is a lot of gasoline around," Murphy said.
+    Following crude futures, May gasoline closed 0.33 cent
+higher at 53.27 cts a gallon after trading 8,700 contracts. May
+heating oil traded only 7,200 contracts and was up 0.45 cent at
+49.24 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3595" NEWID="14612">
+<DATE> 7-APR-1987 16:25:07.29</DATE>
+<TOPICS><D>instal-debt</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2383&#31;reute
+u f BC-U.S.-FEB-CONSUMER-CRE   04-07 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FEB CONSUMER CREDIT ROSE 1.77 BILLION DLRS</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>U.S. consumer instalment credit rose
+a seasonally adjusted 1.77 billion dlrs in February after a
+revised rise of 789 mln dlrs in January, the Federal Reserve
+Board said.
+    The annual rate of growth in February was 3.7 pct, up from
+1.6 pct in January. Previously the Fed said consumer credit
+rose 536 mln dlrs in January.
+    Among the credit categories, auto credit rose in February
+by 717 mln dlrs after increasing 416 mln dlrs in January, the
+Fed said.
+    Revolving credit in February rose 1.04 billion dlrs after
+falling by 23 mln dlrs in January.
+    Mobile home credit was down by 59 mln dlrs in February
+after rising 141 mln dlrs in January.
+    The category referred to as "other," covering bank and credit
+union loans, increased by 74 mln dlrs in February after rising
+by 255 mln dlrs in January, the Fed said.
+    Before seasonal adjustment, consumer credit outstanding
+totaled 576.05 billion dlrs at the end of February, compared
+with 530.41 billion dlrs at the end of February, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3596" NEWID="14613">
+<DATE> 7-APR-1987 16:25:16.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2384&#31;reute
+r f BC-YEUTTER-OPPOSES-U.S.   04-07 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER OPPOSES U.S. RETALIATORY POWER TRANSFER</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said President Reagan should have the authority and
+responsibility for deciding if and when to award import relief.
+    "As the only nationally-elected official in the government,
+only the president can weigh all the factors that go into
+determining whether or not it is in the national economic
+interest to do so," he said in a prepared address to the
+University of Chicago's Graduate School of Business.
+    Yeutter was commenting on proposed changes in the law which
+would transfer to the trade representative much of the current
+retaliatory power held by the White House, which has been the
+target of congressional dissatisfaction on trade issues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3597" NEWID="14614">
+<DATE> 7-APR-1987 16:25:55.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2385&#31;reute
+u f BC-gulf-edible-oils   04-07 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF EDIBLE OIL PRICES - April 7</TITLE>
+<DATELINE>    Fob Gulf edible oils - </DATELINE><BODY>quoted in cents per lb versus nearby
+CBT soyoil contracts.
+    Crude degummed soybean oil NOLA - April offered 0.40 over,
+bid 0.10 over. May offered 0.45 over, bid 0.25 over. June
+offered 0.50 over, bid 0.40 over. July through September
+offered 0.60 over, bid 0.50 over.
+    Sunflowerseed oil - May through September offered 0.95
+over, bid 0.75 over.
+    PBSY Cottonseed oil - April/May offered 4.25 over, bid 3.60
+over. June offered 4.50 over, bid 3.75 over. July through
+September offered 4.75 over, bid 4.00 over.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3598" NEWID="14615">
+<DATE> 7-APR-1987 16:26:32.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2387&#31;reute
+b f BC-TEXACO-&lt;TX>-FILES-TO   04-07 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> FILES TO ENJOIN 10.3 BILLION DLR BOND</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Texaco Inc made a filing in a Texas
+Court of Appeals to enjoin the enforcement of the 10.3 billion
+dlr judgement pending appeal, an attorney for Pennzoil Co &lt;PZL>
+said.
+    "They made the filing in the First Court of Appeals in
+Texas," said John Jeffers, an attorney at the Houston law firm
+of Baker and Botts representing Pennzoil.
+    A Spokesman for Texaco had no immediate comment. Attorneys
+representing Texaco were not immediately available.
+    The filing follows yesterday's decision by the U.S. Supreme
+Court, overturning a lower federal court decision that had cut
+Texaco's bond to one billion dlrs. The high court ruled that
+the issue should first be considered by Texas state courts.
+    Texaco yesterday said it would soon file to prevent
+enforcement of the bond, but it was unsure whether it would
+make the filing in a District Court, the Court of Appeals or
+the Texas Supreme Court.
+    Jeffers said Texaco chose the Appeals Court because it
+currently has jurisdiction in the case.
+    According to Texas state law, Texaco could be forced to
+post the full amount of the judgement as a bond. If it failed
+to do so, Pennzoil could seek liens on Texaco's assets for the
+amount of the judgement.
+    Texaco's filing contains a request to cut the amount of the
+bond to between one and 1.5 billion dlrs, Jeffers said. Asked
+what Pennzoil's thought of that amount, he said, "I don't think
+it's enough."
+    Pennzoil has repeatedly said it would not seek to force
+Texaco to post the full amount of the judgement in the form of
+a bond, but has said it would seek other forms of security.
+    "We've recognized there are other alternatives to a bond,"
+Jeffers, the Pennzoil attorney, said.
+    Pennzoil will also have the right to respond to the filing
+but Jeffers said he was unsure when the response would be made.
+    The dispute between Texaco and Pennzoil stems from the 1984
+takeover of Getty Oil Co by Texaco. Pennzoil said the merger
+violated a prior agreement it had to buy Getty and sued Texaco.
+Since then, Pennzoil's position has twice been upheld by Texas
+State Courts. The Judgement now stands at 10.3 billion dlrs,
+including interest, and is on appeal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3600" NEWID="14616">
+<DATE> 7-APR-1987 16:26:44.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2388&#31;reute
+u f BC-MOODY'S-AFFIRMS-UNITE   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S AFFIRMS UNITED TECHNOLOGIES &lt;UTX> DEBT</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed the debt ratings of 3.7 billion dlrs of debt of United
+Technologies Corp and its units.
+    Affirmed were the Aa-3 senior debt of the parent and its
+units United Technologies Credit Corp, United Technologies
+Financial Services Inc, United Technologies Finance N.V.,
+Carrier Corp and Carrier International Finance N.V. Also
+affirmed were the parent's Prime-1 commercial paper, Aa-3
+Euroyen bonds and A-1 preferred stock.  United Technologies
+Credit Corp's A-1 subordinated debt was also affirmed, Moody's
+said.
+    Moody's cited its expectations that the company's programs
+will be successful in lowering operating costs and improving
+intermediate-term capital management. This will raise financial
+measures from current low levels.
+    As operating earnings and cash flow of the companies
+increase as a result of the programs, balance sheet leverage
+will decrease, the agency noted.
+    United Technologies and its units face strong competition
+but they all dominate their markets, Moody's pointed out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3601" NEWID="14617">
+<DATE> 7-APR-1987 16:27:07.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f2390&#31;reute
+r f BC-NYSE-CLOSING-PRICES-1   04-07 0074</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE CLOSING PRICES 1
+
+ ALLIED SIG      47 3/8
+ ALCOA           43 3/4
+ AMR CORP        53 1/4
+ AMER BRAND      47 3/4
+ AMER CAN        49
+ AMER ELEC       27 3/4
+ ATT             23 3/4
+ BETH STL        11 1/4
+ BURL NOR        70 1/2
+ CAN-PACIF       19
+ CHRYSLER        57 1/2
+ COLUMB GAS      47 3/4
+ COMW ED         34 3/4
+ CON ED NY       43
+ CONS FRGT       35 1/4
+ CONS N-GAS      41 3/8
+ DET ED          17 1/4
+ DU PONT         119 1/4
+ EAST KODAK      78 3/8
+ EXXON           88 3/8
+ GEN ELEC        108
+ GEN MOTORS      82 1/4
+ GOODYEAR        59
+ HOUS IND        35
+ INCO            16 1/2
+ NAVISTAR        6 7/8
+ INTL PAPER      112 3/8
+ MANVILLE        2 5/8
+ NIAG MOHWK      16 1/2
+ NWA INC         64 3/4
+ MINN MIN        133 3/4
+ PAC G&amp;E CO      22
+ PAN AM CP       4 1/2
+ PANHAND PI      32
+ PHIL ELEC       21 3/8
+ PROCT GAM       95
+ PEOPLS EGY      22 1/2
+ PSEG            38 7/8
+99
+99
+ SEARS ROE       53 3/4
+ SOU CALIF       31
+99
+ CHEVRON CORP    59 1/2
+ TEXACO          33 5/8
+99
+ TW SERVICES     17 1/8
+ UNITED AIR      65 1/2
+ UNION CARB      29 5/8
+ UNION PAC       77 5/8
+ UNITED TEC      51 1/8
+ USX CORP        29 3/8
+ WEST ELEC       65 3/4
+ WOOLWORTH       52 1/8
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3602" NEWID="14618">
+<DATE> 7-APR-1987 16:27:38.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2394&#31;reute
+r f BC-YEUTTER-CALLS-TEXTILE   04-07 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER CALLS TEXTILE BILL "PURE PROTECTIONISM"</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said a textile bill, widely expected to be offered as
+an amendment to trade legislation on the House or Senate floor,
+is "pure protectionism."
+    "Its attachment to a trade bill would kill the bipartisan,
+cooperative spirit needed to produce growth-oriented,
+market-opening legislation," he said in a speech prepared for
+the University of Chicago's Graduate School of Business.
+    President Reagan vetoed that bill last year and would
+almost certainly reject this year's bill, he added.
+    "We simply cannot accept legislation that would provoke
+retaliation against American exporters, destroy the Uruguay
+Round, and embroil us in dozens of trade wars," the trade
+representative said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3603" NEWID="14619">
+<DATE> 7-APR-1987 16:28:16.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2395&#31;reute
+u f BC-GROUP-TO-BUY-MORE-INT   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP TO BUY MORE INTERMEDICS &lt;ITM> SHARES</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>An investor group including Bessemer
+Securities Corp and Cilluffo Associates told the Securities and
+Exchange Commission it asked federal antitrust regulators for
+advance clearance to hold more than 30 mln dlrs of Intermedics
+Inc common stock.
+    The group said it currently holds 1.8 mln shares or 17.6
+pct of the total outstanding following purchases of 84,300
+shares March 18-April 1. A group spokesman would not disclose
+the total purchase price of its current holdings.
+    The group has said it is accumulating Intermedics stock for
+investment purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3604" NEWID="14620">
+<DATE> 7-APR-1987 16:28:30.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2396&#31;reute
+u f BC-CBT-GINNIE-MAE-CDR-CL   04-07 0152</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT GINNIE MAE CDR CLSG 7-APR
+     OPEN                  HIGH      LOW
+ JUN7    --                105       105
+ SEP7    --                    --        --
+ DEC7    --                    --        --
+ MAR8    --                    --        --
+ SEP8    --                    --        --
+ DEC8    --                    --        --
+ MAR9    --                    --        --
+ JUN9    --                    --        --
+ SEP9    --                    --        --
+     CLOSE                 SETT      PSETT
+ JUN7     --                105       05 26/32
+ SEP7     --                    --        --
+ DEC7     --                    --        --
+ MAR8     --                    --        --
+ SEP8     --                    --        --
+ DEC8     --                    --        --
+ MAR9     --                    --        --
+ JUN9     --                    --        --
+ SEP9     --                    --        --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3605" NEWID="14621">
+<DATE> 7-APR-1987 16:28:39.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2397&#31;reute
+u f BC-CBT-10-YEAR-NOTES-CLS   04-07 0110</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT 10 YEAR NOTES CLSG 7-APR
+      OPEN                  HIGH      LOW
+ JUN7 01 27/32H 01 25/32L   102       101 7/16
+ SEP7 101                   101 7/32  00 11/16
+ DEC7 00 11/32              00 15/32  100
+ MAR8     --                    --        --
+ JUN8     --                    --        --
+ SEP8     --                    --        --
+      CLOSE                 SETT      PSETT
+ JUN7 01 15/32H 01 14/32L   101 7/16  102 1/16
+ SEP7 00 23/32H 00 22/32L   00 11/16  101 5/16
+ DEC7 100                   100       100 5/8
+ MAR8     --                    --        --
+ JUN8     --                    --        --
+ SEP8     --                    --        --
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3606" NEWID="14622">
+<DATE> 7-APR-1987 16:28:46.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2398&#31;reute
+r f BC-SEAGATE-TECHNOLOGY-&lt;S   04-07 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEAGATE TECHNOLOGY &lt;SGAT> 3RD QTR MARCH 3 NET</TITLE>
+<DATELINE>    SCOTTS VALLEY, Calif., April 7 -
+    </DATELINE><BODY>Shr 81 cts vs 24 cts
+    Net 40,453,000 vs 11,833,000
+    Sales 267.1 mln vs 127.0 mln
+    Avg shrs 50,226,000 vs 48,337,000
+    Nine Mths
+    Shr 2.07 dlrs vs 38 cts
+    Net 102,564,000 vs 18,127,000
+    Sales 708.0 mln vs 318.3 mln
+    Avg shrs 49,573,000 vs 48,024,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3607" NEWID="14623">
+<DATE> 7-APR-1987 16:28:54.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2399&#31;reute
+r f BC-GROUP-RAISES-TEXSTYRE   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP RAISES TEXSTYRENE &lt;FOAM> STAKE TO 11.7 PCT</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>An investor group led by Dart
+Container Corp, a Sarasota, Fla., plastic utensil maker, told
+the Securities and Exchange Commission it raised its stake in
+Texstyrene Corp to 420,500 common shares or 11.7 of the total
+outstanding.
+    The group said it bought the shares for investment and
+intends to continue to buy Texstyrene stock in the future.
+    The group said its most recent purchases included 106,000
+shares bought March 10-31 in ordinary brokerage transactions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3608" NEWID="14624">
+<DATE> 7-APR-1987 16:29:18.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ
+&#22;&#22;&#1;f2401&#31;reute
+u f BC-CBT-TREASURY-BONDS-CL   04-07 0185</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBT TREASURY BONDS CLSG 7-APR
+      OPEN                 HIGH      LOW
+ JUN7 97 26/32H 97 24/32L  98 4/32   97 7/32
+ SEP7 96 27/32H 96 25/32L  97 2/32   96 5/32
+ DEC7 95 24/32             96 2/32   95 5/32
+ MAR8 94 28/32             95 3/32   94 9/32
+ JUN8 93 16/32             93 16/32  93 13/32
+ SEP8 92 22/32             92 22/32  92 19/32
+ DEC8     --               91 26/32  91 26/32
+ MAR9 91 15/32             91 15/32  91 2/32
+ JUN9     --               90 12/32  90 12/32
+ SEP9     --               89 24/32  89 24/32
+ DEC9     --               89 5/32   89 5/32
+      CLOSE                SETT      PSETT
+ JUN7 97 9/32 H 97 7/32 L  97 8/32   98 4/32
+ SEP7 96 7/32 H 96 5/32 L  96 7/32   97 4/32
+ DEC7 95 5/32 L 95 7/32 H  95 7/32   96 5/32
+ MAR8 94 12/32H 94 9/32 L  94 9/32   95 7/32
+ JUN8 93 16/32H 93 13/32L  93 13/32  94 11/32
+ SEP8 92 22/32H 92 19/32L  92 19/32  93 16/32
+ DEC8     --               91 26/32  92 22/32
+ MAR9 91 5/32 H 91 2/32 L  91 2/32   91 30/32
+ JUN9     --               90 12/32  91 8/32
+ SEP9     --               89 24/32  90 20/32
+ DEC9     --               89 5/32   90 1/32
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3609" NEWID="14625">
+<DATE> 7-APR-1987 16:30:15.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2402&#31;reute
+r f BC-mpls-wholesale-prices   04-07 0063</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+MINNEAPOLIS WEEKLY WHOLESALE PRICES-april 7 
+    Bulk per 10n carlots/deliveried Minneapolis
+ (DLRS PER TON)
+ Soybean meal 44 pct protein      152.60 
+              46-1/2 pct protein  162.50 
+ Linseed meal 34 pct protein      115.00 
+ Sunflower meal
+      28 pct protein, 23 pct fiber 80.00 
+      25 pct protein               unq   
+      34 pct protein               unq   
+ Meat meal 50 pct protein         195.00 
+ Tankage 60 pct                   220.00 
+ Yellow grease, cent per lb        9-1/2 
+ Feather meal 80 pct protein      150.00 
+ Wheat bran                        26.00 
+ Wheat middlngs                    26.00 
+ Reground oat hull 3 pct protein   6.00  
+ Alfalfa meal 17 pct dehydrated    90.00 
+ Sunflower crude oil, cents per lb 15.50  
+                      year ago     19.00  
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3610" NEWID="14626">
+<DATE> 7-APR-1987 16:30:30.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2404&#31;reute
+r f BC-ENRO-HOLDING-BUYS-ENR   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENRO HOLDING BUYS ENRO SHIRT AND FOXCROFT</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Enro Holding Corp said it acquired Enro
+Shirt Co and Foxcroft Ltd from Wilson Bros for 30 mln dlrs.
+     Enro Holding is owned 50 pct by investors and 50 pct by
+management and others. The investor group bought 50 pct of the
+common equity and supplied five mln dlrs in mezzanine
+financing. Management bought the other 50 pct. Congress
+Financial Group supplied 28 mln dlrs in senior financing and
+the seller took back a note for 12.1 mln dlrs.
+    Enro Shirt has annual sales of about 42 mln dlrs and
+Foxcroft has sales of about 13 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3611" NEWID="14627">
+<DATE> 7-APR-1987 16:31:09.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L C
+&#22;&#22;&#1;f2405&#31;reute
+u f BC-NEBRASKA-FEEDLOT-CATT   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEBRASKA FEEDLOT CATTLE UP 0.50/1.00 DLR - USDA</TITLE>
+<DATELINE>    omaha, april 7 - </DATELINE><BODY>slaughter cattle prices rose 0.50 to 1.00
+dlr amid good buyer demand and fairly good seller interest, the
+usda said.
+    steers - mostly choice 2-4 1100-1350 lbs 68.00-69.00 fob
+and delivered.
+    heifers - mostly choice 2-4 975-1150 lbs 66.00-67.00 fob
+and delivered.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3612" NEWID="14628">
+<DATE> 7-APR-1987 16:31:13.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f2406&#31;reute
+u f BC-toronto-indices-clsg   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ TORONTO INDICES CLOSING APR 7
+ TSE 300    3871.0  off  10.2
+ METALS/MIN  UNAV
+ GOLDS      8771.7  up  141.0
+ OIL/GAS    4176.3  up   39.4
+ VOLUME 39,746,547
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3613" NEWID="14629">
+<DATE> 7-APR-1987 16:31:20.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2407&#31;reute
+u f BC-SPARTECH-&lt;SPTN>-REVER   04-07 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPARTECH &lt;SPTN> REVERSE STOCK SPLIT APPROVED</TITLE>
+<DATELINE>    ST. LOUIS, April 7 - </DATELINE><BODY>Spartech Corp said shareholders at the
+annual meeting approved a reverse stock split of the common
+stock, on a one-for-five basis.
+    The company said the split was necessary in preparation for
+an offering of 25 mln dlrs in convertible subordinated
+debentures, expected to be made soon through Kidder, Peabody
+and Co.
+    It said the new common stock will begin trading April 8
+under the symbol "SPTNd."
+    Separately, Spartech said its board appointed Bradley
+Buechler as president, filling a vacancy.
+    It said Lawrence Powers remains as chairman.
+    Buechler, prior to his promotion, was executive vice
+president and chief operating officer. He will retain his
+duties as chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3614" NEWID="14630">
+<DATE> 7-APR-1987 16:33:01.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2411&#31;reute
+d f BC-PEOPLE-RIDESHARING-SY   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEOPLE RIDESHARING SYSTEMS &lt;RIDE> 1ST QTR NET</TITLE>
+<DATELINE>    NEWARK, N.J., April 7 -
+    </DATELINE><BODY>Shr primary profit two cts vs loss nine cts
+    Shr diluted profit one cent vs loss six cts
+    Net profit 17,156 vs loss 89,594
+    Revs 2,360,220 vs 3,208,802
+    Avg shrs 870,000 vs 1,026,627
+    NOTE: full name of company is People Ridesharing Systems
+Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3615" NEWID="14631">
+<DATE> 7-APR-1987 16:33:30.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2412&#31;reute
+r f BC-SUPERMARKETS-GENERAL   04-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERMARKETS GENERAL &lt;SGL> AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the  A-minus rating on Supermarkets General Corp's
+12.2 mln dlrs of industrial revenue bonds.
+    S and P cited the withdrawal by Dart Group of its 1.73
+billion dlr bid for Supermarkets General.
+    Supermarkets General had been under review for possible
+downgrade because of the Dart Group bid. However, S and P
+pointed out that Dart is still interested in Supermarkets
+General and the possibility exists that another party would try
+to acquire the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3616" NEWID="14632">
+<DATE> 7-APR-1987 16:33:32.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2413&#31;reute
+b f BC-******ITT-CORP-TO-RED   04-07 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ITT CORP TO REDEEM THREE SERIES OF PREFERRED STOCK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3617" NEWID="14633">
+<DATE> 7-APR-1987 16:33:45.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2414&#31;reute
+r f BC-GAO-FARM-CREDIT-PLAN   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAO FARM CREDIT PLAN SUPPORTED BY KEY LAWMAKER</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>An influential member of Congress
+endorsed a General Accounting Office, GAO, proposal calling for
+establishing a federal board to oversee government assistance
+to the financially-troubled farm credit system.
+    Rep. Ed Jones, D-Tenn., chairman of the House Agriculture
+subcommittee which will draft a farm credit rescue package
+later this year, told reporters following testimony by
+Comptroller General Charles Bowsher, that establishing a
+federal board to implement the rescue is a good idea.
+    "I like the idea of an additional layer of management" to
+oversee the rescue, Jones told reporters.
+    Rep. Jones made the remarks following a hearing at which
+the General Accounting Office, GAO, outlined its suggestions
+for a bail-out of the system.
+    Comptroller General Bowsher proposed Congress set up a
+strong board, modeled on the example of the successful Chrysler
+loan guarantee board, to make hard choices on restructuring the
+failing system.
+    The members of the board would include both representatives
+of government agencies and some independent officials, Bowsher
+proposed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3618" NEWID="14634">
+<DATE> 7-APR-1987 16:35:19.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM CQ MQ GQ LQ TQ
+&#22;&#22;&#1;f2416&#31;reute
+b f BC-ny-forex-clsg   04-07 0104</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. FOREIGN EXCH CLOSING-APR 7
+ Stg       1.6175/85
+ Bfr Com   37.83/85
+ Can       1.3055/60
+ Ffr       6.0780/10
+ Lit       1301.00/1302.00
+ Dfl       2.0615/25
+ Sfr       1.5145/55
+ Dmk       1.8270/80
+ Yen       145.60/70
+ Aus Sch   12.82/83
+ Dkr       6.8825/75
+ Nkr       6.8175/25
+ Port      141.20/40
+ Skr       6.3525/75
+ Bfr Fin   37.85/90
+ Spain     127.90/128.00
+ Mexico    1131/1134
+ Stg one   52-50   disc two  91-89  disc
+ three     131-129 disc six 226-221 disc
+ twelve    404-394 disc
+ Can one   07-09  prem  two 13-16   prem
+ three     17-20  prem  six 35-40   prem
+ twelve    70-85  prem
+ 
+                 
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3619" NEWID="14635">
+<DATE> 7-APR-1987 16:36:25.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2418&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S DEBT CRISIS BECOMING POLITICAL CRISIS</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SAO PAULO, April 7 - </DATELINE><BODY>Brazil's financial crisis is rapidly
+becoming a political and social crisis, and President Jose
+Sarney faces increasingly serious questions about his future.
+    As Brazil enters debt talks with creditors in the United
+States this week, political analysts say Sarney's
+administration has never appeared weaker.
+    The full political price which Sarney will have to pay for
+the failure of the much-vaunted anti-inflation Cruzado Plan is
+still not clear. He might have to pay with the presidency.
+    Calls are increasing for direct presidential elections to
+pick a successor to Sarney early next year. The length of his
+term will be decided by a Constituent Assembly, and Sarney has
+been lobbying for a six-year term.
+    Sarney came to power, without facing presidential
+elections, in March 1985, when the military bowed out after 21
+years of rule.
+    Although there was wide public support for direct 
+elections for president, the military as one of their last
+acts, insisted an electoral college, where it felt it had more
+influence, make the choice.
+    The college chose Tancredo Neves, a popular politician who
+headed the Brazilian Democratic Movement Party (PMDB), which
+had opposed military rule.
+    In part to smooth relations with the military, Neves chose
+Sarney, a supporter of the generals, for the purely ceremonial
+post of vice-president. But Neves died before he could take
+office and Sarney took power.
+    He won the grudging support of the PMDB and the Cruzado
+Plan was wildly popular with inflation-weary Brazilians.
+    But the Cruzado Plan failed and politics in Brazil has not
+been the same.
+    "The country is a rudderless ship," said a U.S. Diplomat,
+echoing a common view that the government lacks any clear idea
+of how to tackle the economic crisis.
+    Sarney has appeared increasingly isolated, with criticism
+coming from the business community, the trade unions, some of
+the military, the media and political opponents.
+    Many businessmen are unhappy with Sarney's decision
+announced on February 20 to suspend interest payments on 68
+billion dlrs of foreign debt.
+    A motor industry executive said: "The business community
+thinks Brazil should go to the IMF. Their rules are sometimes
+harsh and strict, but this is the only way to put the house in
+order."
+    Trade unions generally support the debt moratorium, but
+disagree with other aspects of government policy. Since the end
+of February they have organized national strikes of seamen,
+bankworkers and federal university teachers and countless local
+stoppages and protests.
+    Economic problems have prompted criticism from some
+military figures, including the last army ruler, General Joao
+Figueiredo. It is a sign of the times that almost daily
+military men deny there is going to be a coup.
+    If the army does stay in the barracks, the key arbitors of
+Sarney's fate will be the PMDB's leaders. So far, they have not
+taken a clear stand on the issue of direct elections.
+    But one PMDB leader, Senator Affonso Camargo, pointedly
+said yesterday that it was the sovereign right of the
+Consituent Assembly to call direct elections for the presidency
+whenever it wished.
+    In the media, Sarney has to contend with strong criticism.
+    One senior political commentator, Fernando Pedreira of the
+Jornal do Brasil, wrote in the newspaper last week:
+    "President Sarney is ... a man of good intentions, but it
+is just possible that he himself is not aware of the true state
+of the country and the people since the immense failure of the
+Cruzado Plan.
+    "The disappointment, the frustration, the irritation, the
+enticement have been (and continue to be) too great, too
+profound."He called for direct elections early in 1988 as the
+only way out of the present crisis.
+    One of Sao Paulo's leading news magazines, Senhor, said in
+an editorial this week: "The anarcho-populist government of
+President Jose Sarney has failed. Two years have already been
+too long for such a disastrous experience.
+    "It deserves to be buried as quickly as possible. The
+natural solution: direct elections soon."
+    The government's inability to control inflation is now
+bringing with it serious social problems.
+    An explosion in rents in Sao Paulo has thrown tens of
+thousands of families onto the streets because they can no
+longer afford to pay even for a wooden shack in the slums.
+    The local press says the city is experiencing the biggest
+wave of land invasions in its history.
+   According to rental agencies, rents have increased 500 pct
+in little more than a year. Even the cheapest shacks now cost
+2,000 cruzados (90 dollars) a month, half as much again as the
+minimum wage, which is all that many earn.
+    Cardinal Paulo Evaristo Arns, the Roman Catholic archbishop
+of Sao Paulo, warned yesterday of the possibility of "a social
+conflict of unimaginable proportions."
+    With his back to the wall politically and with social
+tensions rising, Sarney is no position to compromise on debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3620" NEWID="14636">
+<DATE> 7-APR-1987 16:36:50.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2419&#31;reute
+u f BC-KANSAS-CITY-VALUE-LIN   04-07 0077</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+KANSAS CITY VALUE LINE INDEX CLSG 7-APR
+        OPEN              HIGH      LOW
+ VLI    --                27380     27100
+ JUN   27270L    27280H   27430     26630
+ SEP   27200              27320     26540
+ DEC   26550              26550     26500
+        CLOSE             SETT      PSETT
+ VLIC    --                 --       27328
+ JUN7   26650L    26670H   26660     27345
+ SEP7   26560              26560     27260
+ DEC7   26500              26500     27200
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3621" NEWID="14637">
+<DATE> 7-APR-1987 16:36:58.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2420&#31;reute
+u f BC-IOM-STANDARD-AND-POOR   04-07 0076</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+IOM STANDARD AND POORS 500 INDEX CLSG 7-APR
+      OPEN           HIGH    LOW
+ INDX    --          30364  29669
+ JUN7  30320H 30290L 30610  29550
+ SEP7  30510H 30500L 30795  29760
+ DEC7  30720         31000  29950
+ MAR8  31050         31120  30110
+      CLOSE          SETT   PSETT
+ INDX    --             --   30195
+ JUN7  29590L29690H   29640  30405
+ SEP7  29780T29870B   29825  30600
+ DEC7  29950L30000H   30015  30800
+ MAR8  30145A         30145  30930
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3599" NEWID="14638">
+<DATE> 7-APR-1987 16:37:45.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2422&#31;reute
+b f BC-WALL-STREET-STOCKS-CL   04-07 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS CLOSING AVERAGES</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Prices closed lower in active trading
+on the New York Stock Exchange.
+    The Dow Jones Industrial Average fell 44.60 to 2360.94
+    The NYSE Index fell 2.61 to 168.35
+    Declines led advances 1121 to 504
+    The average share price was 67 cts lower.
+    Volume was 186,410,000 shares compared to 173,720,000
+yesterday.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3622" NEWID="14639">
+<DATE> 7-APR-1987 16:38:03.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2424&#31;reute
+u f BC-QT8917   04-07 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX STOCK PRICES CLOSE LOWER</TITLE>
+<DATELINE>    New York, April 7 - </DATELINE><BODY>Prices on the American Stock Exchange
+closed lower in active trading.
+    The AMEX Index fell 0.59 to 341.64.
+    The Average price per share was three cts lower
+    Declines led advances 326 to 282
+    AMEX volume rose to 14,224,710 shares from 12,855,230
+yesterday.
+    Options volume was 345,250 compared to 324,863 yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3623" NEWID="14640">
+<DATE> 7-APR-1987 16:38:42.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2425&#31;reute
+d f AM-DEBT-COMMISSION   04-07 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SETS UP SPECIAL DEBT COMMISSION</TITLE>
+<DATELINE>    BRASILIA, April 7 - </DATELINE><BODY>Brazil has set up a special debt
+commission, headed by Finance Minister Dilson Funaro, to be
+responsible for renegotiating Brazil's 109 billion dollar
+foreign debt, officials said.
+    The principal negotiator on the commission, created by
+President Jose Sarney, will be former foreign minister Ramiro
+Saraiva Guerreiro.
+    Officials said Guerreiro would be joined on the commission
+by eight senior officials, including a representative of the
+National Security Council.
+    The creation of the commission is intended to underscore
+the Brazilian government's contention that the debt issue is
+essentially political and that a political solution must be
+found to the problem.
+    On February 20 Brazil suspended interest payments on its 68
+billion dlr foreign bank debt to try to force the issue.
+    Creditor banks, however, have signalled that they are
+equally determined to resist Brazil's demands for debt relief.
+    Yesterday Funaro travelled to the U.S. for fresh debt
+negotiations with creditors deeply angered by Brasilia's
+suspension of interest payments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3624" NEWID="14641">
+<DATE> 7-APR-1987 16:38:59.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2426&#31;reute
+u f BC-u.s.-spot-products   04-07 0135</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. SPOT PRODUCTS--LATE AFTERNOON--APRIL 7 1600 EST
+    Spot oil product markets strengthened, with prices for two
+oil and gasoline rising in both markets. But ny harbor products
+were thinly traded, while there was good buying interest in the
+us gulf coast, especially for gasoline, they added.
+    brokers said the market does not appear to be anxiously
+awaiting this week's api update, because most traders don't
+expect the numbers to be significant enough to affect prices.
+    traders and refiners were seeking april and may gasoline
+supplies in the us gulf this afternoon, brokers said. usg
+unleaded rose 0.30 cent over monday, to 51.75 cts. ny harbor
+any-April unleaded also rose 0.30 cent, to 52.25 cts.
+    usg two oil was 0.20 cent higher, at 47 cts, while nyh two
+oil increased 0.40 cent, to 49.40 cts.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3625" NEWID="14642">
+<DATE> 7-APR-1987 16:39:08.28</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f2427&#31;reute
+u f BC-DESJARDINS-GROUP-LOWE   04-07 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DESJARDINS GROUP LOWERS VISA INTEREST RATE</TITLE>
+<DATELINE>    MONTREAL, April 7 - </DATELINE><BODY>(La Confederation des Caisses
+Populaires et d'Economie Desjardins), the Quebec credit union
+group, said it is lowering the interest rate on unpaid balances
+on its Visa credit card to 15.9 pct from 18.0 pct, effective
+with June billing statements.
+    The move follows cuts in credit card interest rate charges
+by several Canadian banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3626" NEWID="14643">
+<DATE> 7-APR-1987 16:39:52.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f2428&#31;reute
+u f BC-montreal-indices-clsg   04-07 0030</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ MONTREAL INDICES CLOSING-APR 7
+ Industrials  1,563.99 off 1.17
+ Utilities    1,623.60 up  0.11
+ Banks        1,642.74 off 1.13
+ Portfolio    1,922.51 off 0.65
+ VOLUME  12,455,102
+ 
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3627" NEWID="14644">
+<DATE> 7-APR-1987 16:40:24.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2430&#31;reute
+b f BC-QT8581   04-07 0033</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TORONTO EXCHANGES CLOSING APR 7
+ Stg         2.1120/30
+ US dlr      1.3055/60
+ One mth     07-09 prem
+ Two mths    13-16 prem
+ Three mths  17-20 prem
+ Dmk         71.42/52
+ Yen         89.78/88
+
+   
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3628" NEWID="14645">
+<DATE> 7-APR-1987 16:40:35.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2431&#31;reute
+u f BC-us-vegetable-oils   04-07 0130</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. VEGETABLE OILS - April 7
+                                     Cents a lb
+ Peanut oil-
+ Crude FOB Southeast                   24.50A
+ Refined New York                      31.50N
+ Crude FOB bulk New Orleans            27.00N
+ Refined FAS drums Southeast           38.00N
+ Soybean oil-
+ Crude FOB Mid-west                    15.06N
+ Refined tankcars FOB Decatur          18.06N
+ Crude FOB bulk New York               16.31N
+ FAS drums New York                    21.81N
+ Cottonseed oil-
+ Crude FOB Mississippi valley          17.50N
+ Refined New York                      21.50N
+ Crude FOB bulk New Orleans            18.75N
+ Refined FAS drums New Orleans         24.25N
+ Maize (corn) oil-
+ Crude bulk New York                   22.65N
+ Refined bulk New York                 27.15N
+ Coconut oil (Philippines)-
+ Crude CIF, New York/NOLA, April/May    18.00N
+ Crude FOB tankcars Gulf, nearby        19.00N
+ Desiccated coconut (Philippines)-
+ FOB West Coast in 10,000 lb lots       unav
+ Linseed oil-
+ Crude FOB Minneapolis, tankcars        25.00N
+ Tung oil (Argentine)-
+ Crude oil tankcars New York            45.00N
+ Castor oil (Brazil) number one-
+ Crude FOB tankcars New York            34.50N
+ Palm oil any origin-
+ Refined bleached deoderized, CIF
+   New York/NOLA, nearby                17.00N
+ Palm kernel oil any origin-
+ Crude CIF New York/NOLA, nearby        18.75N
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3629" NEWID="14646">
+<DATE> 7-APR-1987 16:40:55.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2433&#31;reute
+d f BC-SEEQ-TECHNOLOGY-INC-&lt;   04-07 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEEQ TECHNOLOGY INC &lt;SEEQ> 2ND QTR MARCH 31</TITLE>
+<DATELINE>    SAN JOSE, Calif., April 7 -
+    </DATELINE><BODY>Shr profit eight cts vs loss 1.84 dlrs
+    Net profit 785,000 vs loss 4,279,000
+    Revs 10.4 mln vs 8,464,000
+    Avg shrs 9,649,000 vs 2,664,000
+    Six Mths
+    Shr loss nine cts vs loss 4.09 dlrs
+    Net loss 262,000 vs loss 9,689,000
+    Revs 19.2 mln vs 15.6 mln
+    Avg shrs 2,874,000 vs 2,660,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3630" NEWID="14647">
+<DATE> 7-APR-1987 16:41:13.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L C
+&#22;&#22;&#1;f2435&#31;reute
+u f BC-TX/W-OKLA-FEEDLOT-CAT   04-07 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TX/W OKLA FEEDLOT CATTLE STDY/UP 0.50 DLR-USDA</TITLE>
+<DATELINE>    amarillo, april 7 - </DATELINE><BODY>slaughter steers were fully steady and
+heifers steady to 0.50 dlr higher in moderate trade, the usda
+said.
+    Feedlots reported fairly good interest and inquiry from
+buying sources.
+    Sales on 6,800 steers and 2,400 heifers. week to date
+48,900 head.
+    steers - good and mostly choice 2-3 1025-1150 lbs
+69.50-70.00.
+    heifers - good and mostly choice 2-3 925-1025 lbs
+68.00-68.50.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3631" NEWID="14648">
+<DATE> 7-APR-1987 16:41:27.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2436&#31;reute
+u f BC-CBOT-MAJOR-MARKET-IND   04-07 0032</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBOT MAJOR MARKET INDEX CLSG 7-APR
+      OPEN               HIGH     LOW
+INDX  34052              34052    33668
+      CLOSE              SETT     P SETT
+INDX  34052              34052    33668
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3632" NEWID="14649">
+<DATE> 7-APR-1987 16:41:49.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2437&#31;reute
+u f BC-ny-oilseeds-report   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. OILSEEDS REPORT</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Dealers said very little business was
+done in local oilseeds markets.
+    Coconut oil was nominally 18 cents a lb for April/May
+shipment, CIF, New York/Gulf, brokers said.
+    Crude wet-milled corn oil, FOB, Midwest points, was
+nominally 20-3/4 cents a lb for nearby shipment. Based on that
+price, dealers said refined corn oil, FOB, New York, was
+nominally 27.15 cents a lb.
+    Peanut oil remained offered at 24-1/2 cents a lb for nearby
+shipment but dealers said market interest was closer to 24
+cents.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3633" NEWID="14650">
+<DATE> 7-APR-1987 16:42:10.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f2438&#31;reute
+u f BC-central-carlot-beef   04-07 0071</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CENTRAL U.S. CARLOT BEEF TRADE-USDA--APRIL 7
+    FOB Omaha basis and midwest area markets including Texas
+and Oklahoma as of 1500 CST. choice cattle up 1.00 dlr and
+goods up 0.50 to 1.50 dlr.
+    demand light in moderate trade amid limited offerings.
+    Sales reported on 101 loads of cattle carcasses.
+    Steer carcasses - FOB Omaha -
+   3 choice 3 600-900  99.00
+   4 choice 2 600-900 100.00
+  50 good 1-3 600-900  97.50-98.50
+    Heifer carcasses - FOB Omaha -
+   5 choice 3 550-800 98.00
+   3 choice 3 500-550 88.00-89.00
+   3 choice 3 400-500 87.00-88.00
+   1 choice 2 550-800 99.00
+  20 good 1-3 550-800 96.50-97.00
+    Cow carcasses - fob Omaha - no sales
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3634" NEWID="14651">
+<DATE> 7-APR-1987 16:42:20.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2440&#31;reute
+u f BC-BAHIA-COCOA-FUTURES-C   04-07 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAHIA COCOA FUTURES CLSG</TITLE>
+<DATELINE>    SALVADOR, BRAZIL, APR 7 - </DATELINE><BODY>Closing prices on the Bahia Cocoa
+Futures Market were as follows (in cruzados per 60 kilo bag
+delivered Ilheus/Itabuna with previous in brackets) -
+    May       2,560  (2,560)  volume 23 lots
+    July      3,248  (3,248)  volume nil
+    September 3,865  (3,772)  volume 23 lots
+    December  5,084  (5,000)  volume nil
+    Contract in 50 bags
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3635" NEWID="14652">
+<DATE> 7-APR-1987 16:43:17.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2442&#31;reute
+r f BC-LITTLE-INDUSTRY-IMPRO   04-07 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLE INDUSTRY IMPROVEMENT - DATA GENERAL &lt;DGN></TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Data General Corp president Edson de
+Castro said the general outlook for his company and for the
+industry shows "little fundamental improvement."
+    Citing the computer industry's dependence on capital
+investments, de Castro termed the environment "lackluster" and
+declined to predict the timing of a possible upturn.
+    Data General is "taking its show on the road" to educate
+its customers and targeted prospects, de Castro told a press
+briefing initiating a three-day exposition here of Data
+General's computer systems' capabilities.
+    Data General has targeted for its future growth increased
+participation in the industries of banking, insurance,
+brokerage, health care, manufacturing, petrochemical and the
+U.S. government.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3636" NEWID="14653">
+<DATE> 7-APR-1987 16:44:04.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2445&#31;reute
+u f BC-MINNEAPOLIS-HFCS-TRAD   04-07 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNEAPOLIS HFCS TRADE PUT AT 109 CONTRACTS</TITLE>
+<DATELINE>    MINNEAPOLIS, April 7 - </DATELINE><BODY>An estimated 109 high fructose corn
+syrup futures contracts traded today in the contract's second
+day of trading at the Minneapolis Grain Exchange (MGE), an
+exchange spokesman said.
+    Trading was down from yesterday's 137 contracts. Open
+interest yesterday totaled 42, the spokesman said.
+    July HFCS futures closed at 12.70 dlrs per cwt, up 50 cents
+from its open of 12.20 dlrs. September closed at 12.35 dlrs, up
+55, and December settled at 11.70 dlrs with no trades, up 20
+cents from yesterday's close, the source said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3637" NEWID="14654">
+<DATE> 7-APR-1987 16:45:58.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2447&#31;reute
+b f BC--DOLLAR-ENDS-WITH-MOD   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR ENDS WITH MODEST LOSSES IN NEW YORK</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>The dollar ended with modest net losses
+against most major currencies as the market conducted a final
+round of position-squaring ahead of tomorrow's crucial Group of
+Five and Group of Seven meetings, dealers said.
+    "The dollar was trendless today. People are waiting to see
+if anything new comes from the meetings tomorrow and will then
+take it from there," said one dealer at a top European bank.
+    As a result, generally supportive comments by Federal
+Reserve Chairman Paul Volcker and Japanese Finance Minister
+Kiichi Miyazawa went largely unheeded.
+    The dollar closed at 145.60/70 yen, down from 145.85/90.
+    However, the dollar's yen closing level was comfortably
+above its overseas low of just under 145 yen. Against the mark,
+the dollar finished at 1.8270/80 marks after falling to 1.8180
+in Europe and ending at 1.8260/70 here yesterday.
+    In Congressional testimony this morning, Fed Chairman Paul
+Volcker harped on his long-held fears about the potentially
+catastrophic fallout from a sharp dollar decline.
+    He also said the dollar's fall, thus far, should be "large
+enough, in a context of a growing world economy and fiscal
+restraint in the U.S., to support widespread expectations of a
+narrowing in the real trade deficit in the period ahead."
+    The market impact of Volcker's comments was minimal. "It
+was the same old story. Volcker was just fulfilling his role as
+a defender of the currency," said one trader.
+    The market was similarly dismissive of Japanese Finance
+Minister Kiichi Miyazawa's upbeat appraisal of his hour-long
+conversation with U.S. Treasury Secretary James Baker this
+afternoon.
+    Miyazawa said that they both agreed on the need for
+currency stabilization and that he was satisfied with the role
+the U.S. has played in coordinated international efforts to
+prop up the dollar since the late February Paris agreement.
+    "Miyazawa can talk until he's blue in the face. The only
+person who will make a difference is Baker," said Alan Rose of
+First Interstate Bank in Los Angeles.
+    "The key question for the currency market is whether the
+(Reagan) administration will have a change of view on the
+dollar. If not, the dollar is going lower," he added.
+    The dollar's recent tumble to a 40-year low of 144.70 yen
+was linked to the market's perception that Washington was
+unhappy with the rate of adjustment of world trade imbalances
+and that a continued orderly dollar decline was the least
+disruptive way of accelerating the process.
+    While most analysts do not expect any marked change of
+attitude in Washington, they were reluctant to open any fresh
+positions until later in the week.
+    "We are reserving judgement for the time being," said Doug
+Madison of Commerzbank Ag.
+    The tranquility of the dollar market spread to sterling
+trading today. The pound ended unchanged against the dollar at
+1.6175/85 and edged up to 2.957 marks from 2.955 yesterday.
+    However, underyling sentiment remains positive after a U.K.
+opinion poll gave the ruling Conservative party its highest
+popularity rating since it was re-elected in 1983.
+    "Sterling still seems to be on the firm side," said one
+dealer.
+    The Canadian currency also retained a generally stronger
+tone, rising to 1.3055/60 to its U.S. counterpart from
+1.3080/85 yesterday.
+    According to figures provided by Morgan Guaranty Trust Co,
+the dollar's trade-weighted value at midday was 5.7 pct below
+average market rates in 1980-82, compared with 5.5 pct
+yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3638" NEWID="14655">
+<DATE> 7-APR-1987 16:46:14.77</DATE>
+<TOPICS><D>cruzado</D><D>money-fx</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2448&#31;reute
+r f BC-BRAZIL-ADJUST-CRUZADO   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BRAZIL ADJUST CRUZADO DOWN AGAINST DOLLAR
+    NEW RATE 22,840/22,945 PREVIOUS           
+    22,690/22,803 EFFECTIVE WEDNESDAY APRIL 8
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3639" NEWID="14656">
+<DATE> 7-APR-1987 16:46:31.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f2449&#31;reute
+d f BC-SENATE-EXTENDS-DAIRY   04-07 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE EXTENDS DAIRY COMMISSION REPORT</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The Senate approved legislation to
+extend until March 31, 1988 the date for the National
+Commission on Dairy Policy to report on the federal milk price
+support program and the dairy industry.
+    The report is to recommend whether the Agriculture
+Department should have continued authority to reduce the milk
+price support level.
+    The one year extension was required due to delays in
+setting up the commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3640" NEWID="14657">
+<DATE> 7-APR-1987 16:46:40.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f2450&#31;reute
+u f BC-cent-carlot-meat   04-07 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL U.S. CARLOT PORK TRADE - USDA - APRIL 7</TITLE>
+<DATELINE>    Fob Omaha basis and midwest production areas - </DATELINE><BODY>1500 cst.
+    Fresh pork loins 14-18 lbs generally steady and 18-22 lbs
+steady/up 2.00 dlrs, boston butts generally steady, skd hams
+off 9.00/14.00 dlrs and sdls bellies steady/up 2.00 dlrs.
+    trade moderate to active for light to moderate offerings
+and demand.
+    Sales reported on 61 loads of fresh pork cuts and two loads
+of trimmings and boneless processing pork.
+    FRESH PORK CUTS - FOB OMAHA BASIS
+ 22.0 Loins - Regular - 14-18 94.00-103.00
+  1.5 18-22 98.00-100.00
+  2.0 Boston Butts - 4-8 70.00-75.00
+      Picnics - no trade
+      Skinned Hams -
+  7.0 17-20 70.50-73.50
+  8.0 20-26 70.00-70.50
+      Sdls Bellies, Skin on fresh -
+  1.0 10-12 58.00
+  5.0 12-16 59.50-62.00
+  5.0 16-18 57.00-59.00
+  3.0 18-20 52.00-53.00
+  2.0 20-25 48.00-49.50
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3641" NEWID="14658">
+<DATE> 7-APR-1987 16:48:16.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2454&#31;reute
+r f BC-ST-LOUIS-GRAIN-PRICES   04-07 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ST LOUIS GRAIN PRICES
+ no2 soft red winter wheat   285-289
+ NO2 YELLOW CORN             163-164
+ No1 Yellow Soybeans         505-509
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3642" NEWID="14659">
+<DATE> 7-APR-1987 16:48:46.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;YQ
+&#22;&#22;&#1;f2456&#31;reute
+u f BC-NYMEX-ESTIMATED-VOLUM   04-07 0109</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX ESTIMATED VOLUMES/APRIL 7 MONTH     CRUDE OIL     HEATING
+OIL    UNLEADED GASOLINE
+MAY       16,175          3,282               3,215     
+JUNE      15,789          2,493               3,449     
+JULY       7,175            793               1,358     
+AUGUST     2,665            325                 388     
+SEPTEMBER  1,403            159                 104     
+OCTOBER      136             40                  42     
+NOVEMBER     118              3                  19     
+DECEMBER     750             86                  33     
+JANUARY      170              2               -----     
+TOTAL     44,380          7,268               8,693     
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3643" NEWID="14660">
+<DATE> 7-APR-1987 16:48:53.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f2457&#31;reute
+u f BC-NYSE-CONSOLIDATED-CLO   04-07 0088</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYSE-CONSOLIDATED CLOSING ACTIVES
+
+6,695,600 GCA CP                1/4 UNCH
+4,009,700 TEXACO             34     UP     3/8
+3,298,700 USX CORP           29 3/8 UP     1/8
+2,442,900 BELLSOUTH          38 7/8 OFF    5/8
+2,326,700 UNITED AIR         65 3/4 UNCH
+2,249,700 GEN MOTORS         82 1/4 UP     3/4
+2,090,300 IBM               146 1/2 OFF  2 7/8
+1,907,200 FORD MOTOR         88 7/8 OFF  1 1/4
+1,778,400 GENCORP           118     UNCH
+1,772,500 ATT                23 7/8 OFF    3/8
+
+      ADVANCES    366   DECLINES    944
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3644" NEWID="14661">
+<DATE> 7-APR-1987 16:49:07.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f2458&#31;reute
+u f BC-AMEX-CONSOLIDATED-CLO   04-07 0090</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AMEX-CONSOLIDATED CLOSING ACTIVES
+
+  806,200 WICKES COS          4 1/8 OFF    1/8
+  599,500 WESTERN DIG        25     UP     3/8
+  581,700 TEXAS AIR          40 1/8 OFF  2 3/8
+  508,700 ALZA CP            37 7/8 UP   2 1/4
+  470,300 WANG LAB B         15 1/8 OFF    1/4
+  320,500 DOME PETE             7/8 OFF   1/16
+  288,500 LORIMAR TELE       18 7/8 UNCH
+  287,500 AMDAHL CP          37 1/2 OFF  1 3/8
+  263,000 HORN+HARD          13 1/2 OFF    1/2
+  240,600 NY TIMES A         45     UP   1 1/4
+
+     ADVANCES   276     DECLINES    319
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3645" NEWID="14662">
+<DATE> 7-APR-1987 16:49:59.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ
+&#22;&#22;&#1;f2461&#31;reute
+u f BC-NYFE-COMPOSITE-INDEX   04-07 0067</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYFE COMPOSITE INDEX FUTURES CLSG 7-APR
+        OPEN                  HIGH      LOW
+ JUN   17175H    17155L      17320     16740
+ SEP   17280H    17280L      17435     16880
+ DEC   17415A         B      17545     17210
+        CLOSE                 SETT      PSETT
+ JUN7   16780H    16760L      16770     17230
+ SEP7   16880H    16880L      16885     17345
+ DEC7    --  B         A      16995     17455
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3646" NEWID="14663">
+<DATE> 7-APR-1987 16:50:05.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2462&#31;reute
+d f BC-barge-terminal-grain   04-07 0057</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BARGE TERMINAL DAILY GRAIN PRICES
+    Sioux City
+    FOR APRIL 7     (DLRS A BU)
+ TRUCK DLVD GRAIN PRICES FOR INDICATED AREAS
+ MISSISSIPPI RIVER - SOUTHERN IOWA POINTS
+ 2 YELLOW CORN      1.57-1.58     f/h april
+               1.59-1.60     l/h april
+ 1 YELLOW SOYBEANS  4.98-5.01     f/h april
+               5.00-5.02     l/h april
+ MISSISSIPPI RIVER - NORTHERN IOWA POINTS
+ 2 YELLOW CORN      1.50-1.56     f/h april
+              1.51-1.57     l/h april
+ 1 YELLOW SOYBEANS  4.92-4.98     f/h april
+              4.94-4.99     l/h april
+MISSISSIPPI RIVER - SOUTHERN MINNESOTA POINTS
+ 2 YELLOW CORN      1.48-1.50     f/h april
+              1.50-1.52-1/2 l/h april
+ 1 YELLOW SOYBEAN   4.89-4.93-1/2 f/h april
+              4.94-4.96-1/2 l/h april
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3647" NEWID="14664">
+<DATE> 7-APR-1987 16:50:17.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2463&#31;reute
+u f BC-U.S.-SDR-RATE-MOVES-T   04-07 0161</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S.-SDR RATE MOVES TO 1.28435</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The International Monetary Fund said
+the exchange value of the U.S. dollar against the SDR was
+1.28435 compared with 1.28224 yesterday and 1.06584 on July 1,
+1974.
+    Other currency values against the SDR (July 1, 1974 rates
+in parentheses) were:
+ Deutsche Mark      2.33983   (3.06809)
+ French Franc       7.78573   (5.82126)
+ Japanese Yen       186.937   (343.773)
+ Pound Sterling     0.792907 (0.505474)
+ Australian Dlr     1.81329  (0.809889)
+ Aust Schilling     16.4384   (22.0097)
+ Belgian Franc      48.4585   (45.9249)
+ Canadian Dlr       1.67646   (1.16295)
+ Danish Krone       8.82862   (7.23304)
+ Ecuadoran Sucre      N/A     (30.1503)
+ Indonesian Rupiah  2111.47   (501.291)
+ Iranian Rial       92.3000   (81.6734)
+ Italian Lira         N/A     (779.746)
+ Kuwait Dinar       0.350461 (0.351685)
+ Dutch Guilder      2.64062   (3.20316)
+ Norwegian Krone    8.75413   (6.59386)
+  N/A--not available.
+ Saudi Arab Riyal   4.80989  (4.25788)
+ S.A. Rand          2.61578   (0.80200)
+ Spanish Peseta     163.996   (69.0742)
+ Swedish Kronor     8.14920   (5.31489)
+ Swiss Franc        1.94130   (3.19548)
+ U.A.E. Dirham      4.71485   (4.76057)
+ Venezuelan Bolivar   N/A     (5.08749)
+    S.A. Rand July 2, Australian Dlr Aug 1, Canadian Dlr July
+2, Indonesian Rupiah July 19, Venezuelan Bolivar Aug 27,
+Iranian Rial July 22, Saudi Riyal Aug 9, all 1974. Swiss Franc
+Sept 16, 1975. N/A--not available
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3648" NEWID="14665">
+<DATE> 7-APR-1987 16:51:44.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2468&#31;reute
+u f BC-REPUBLICBANK-&lt;RPT>-DE   04-07 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLICBANK &lt;RPT> DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded RepublicBank Corp's 550 mln dlrs of debt.
+    Cut were the firm's senior debt to BBB-plus from A,
+subordinated debt to BBB from A-minus and preferred stock to
+BB-plus from BBB. Its A-2 commercial paper was maintained.
+    S and P said the action reflected a heightened risk profile
+for RepublicBank because of its proposed acquisition of
+InterFirst Corp &lt;IFC>. However, the agency pointed out that the
+merger is a unique opportunity for RepublicBank to expand its
+already strong market position. InterFirst will remain on
+creditwatch until the transaction is closed, S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3649" NEWID="14666">
+<DATE> 7-APR-1987 16:51:51.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2469&#31;reute
+r f BC-NACCO-INDUSTRIES-&lt;NC>   04-07 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NACCO INDUSTRIES &lt;NC> TO REPORT 2ND QTR GAIN</TITLE>
+<DATELINE>    CLEVELAND, April 7 - </DATELINE><BODY>Nacco Industries Inc said it will
+report a gain in the second quarter of about 11.5 mln dlrs or
+1.25 dlrs a share from the sale of stock of a subsidiary.
+    Nacco said its North American Coal Corp unit has received
+notice that Consolidation Coal Co, a unit of Du Pont Co &lt;DD>,
+will exercise an option to buy all of the stock of Quarto
+Mining Co, a subsidiary of North American Coal.
+    For the stock, North American Coal will receive about 15.2
+mln dlrs, 5.2 mln of which will be paid at closing April 10 and
+the rest in installments, the company said.
+    In addition, Quarto will pay a dividend to North American
+Coal of about 10 mln dlrs from retained earnings before
+closing. The funds were previously used to finance mining
+operations.
+    Consolidation Coal got the option from the Capco Group of
+utilities, which received the option from Nacco in 1981.
+    Nacco reported earnings of 10.8 mln dlrs or 1.11 dlrs a
+share in last year's second quarter.
+    In 1986, Quarto generated 5.9 mln dlrs in net income, equal
+to 62 cts a share, of Nacco's total 1986 earnings of 3.48 dlrs
+a share.
+    Quarto produced about 3.6 mln short tons of the 24.3 mln
+tons produced by North American Coal in 1986, Nacco said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3650" NEWID="14667">
+<DATE> 7-APR-1987 16:52:16.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyce</D><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2470&#31;reute
+d f BC-NYFE-TO-MOVE-TO-N.Y.   04-07 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYFE TO MOVE TO N.Y. COTTON EXCHANGE</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>The New York Futures Exchange will move
+its trading operations to the floor of the New York Cotton
+Exchange, NYFE president Lewis J. Horowitz and Cotton Exchange
+president Joseph O'Neill announced.
+    NYFE will become an affiliate of the Cotton Exchange
+through a licensing agreement while remaining a wholly-owned
+subsidiary of the New York Stock Exchange.
+    NYFE's trading floor and floor support staff will move to
+the Cotton Exchange, which is located in the Commodity Exchange
+Center at Four World Trade Center. The move should be completed
+by the first quarter of next year, a Cotton Exchange
+spokeswoman said.
+    The plan was approved today by the board of the Cotton
+Exchange and previously by the New York Stock Exchange.
+    The move will offer traders from both exchanges access to
+each other's contracts. Cotton exchange members will have
+trading rights to NYFE's New York Stock Exchange composite
+index futures and options contracts and its Commodity Research
+Bureau Index contract.
+    NYFE members will have the opportunity to trade the Cotton
+Exchange's U.S. dollar index futures and options contracts and
+its European Currency Unit futures contract. They will not have
+trading rights to cotton and frozen concentrated orange juice
+futures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3651" NEWID="14668">
+<DATE> 7-APR-1987 16:53:17.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2475&#31;reute
+r f BC-INTERFACE-FLOORING-SY   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERFACE FLOORING SYSTEMS &lt;IFSIA> IN OFFERING</TITLE>
+<DATELINE>    LAGRANGE, Ga., April 7 - </DATELINE><BODY>Interface Flooring Systems Inc
+said it announced a public offering of 2,800,000 shares of the
+company's Class A common stock at a price of 21.25 dlrs per
+share.
+    The underwriting group was co-managed by the
+Robinson-Humphry Co Inc, and PaineWebber Inc, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3652" NEWID="14669">
+<DATE> 7-APR-1987 16:53:25.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f2476&#31;reute
+u f BC-cash-ham/loin-prices   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASH WHOLESALE PORK PRICES</TITLE>
+<DATELINE> FOB RIVER - </DATELINE><BODY>CLOSE CDT  APRIL 7
+        CENTS PER LB    CHANGE
+ BELLIES
+ 12-14  61-1/2          up 1-1/2
+ 14-16  61-1/2          up 1-1/2
+ 16-18  57-58-1/2       unch-up 1-1/2
+ HAMS
+ 14-17  74-1/2          no comparison
+ 17-20  73-73-1/2       unch
+ LOINS
+ 14-18  98-101          unch to up 1
+ 18-22  100             unch
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3653" NEWID="14670">
+<DATE> 7-APR-1987 16:54:25.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2478&#31;reute
+u f BC-SENATE-EXTENDS-DAIRY   04-07 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE EXTENDS DAIRY COMMISSION REPORT</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The Senate approved legislation to
+extend until March 31, 1988 the date for the National
+Commission on Dairy Policy to report on the federal milk price
+support program and the dairy industry.
+    The report is to recommend whether the Agriculture
+Department should have continued authority to reduce the milk
+price support level.
+    The one year extension was required due to delays in
+setting up the commission.             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3654" NEWID="14671">
+<DATE> 7-APR-1987 16:55:22.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2479&#31;reute
+r f BC-BRAZILIAN-SOYBEAN-AND   04-07 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN SOYBEAN AND PRODUCT MARKET</TITLE>
+<DATELINE>    RIO DE JANEIRO, APRIL 7 - </DATELINE><BODY>Brokers reported the following
+Brazilian soybean and product basis levels.
+    SHIPMENT    BASIS      CBT MONTH    PREV
+    Soybean (cents per bushel)
+    Fob Paranagua
+    May         2/1 D      May          unch
+    Jun/Jly     2/1 D      Jly          unch
+    Aug         3/2 D      Aug          unch
+    Fob Rio Grande
+    May         9/7 D      May          unch
+    Jun/Jly    12/9 D      Jly          unch
+    SHIPMENT    BASIS      CBT MONTH    PREV
+    Soybean Pellets (dlrs per short ton 48 pct profat)
+    Fob Paranagua
+    Apr/Sep     8/10 P     May/Sep      8.5/10 P
+    May       7.5/9  P     May          8/9.5 P
+    May/Sep     7/8  P     May/Sep      7.5/8.5 P
+    Jun/Jly    6/7.5 P     Jly          unch
+    Soybean Meal (dlrs per short ton 45/46 pct profat)
+    Fob Rio Grande
+    May         4.5 PB     May          3 PB
+    SHIPMENT    BASIS      CBT MONTH    PREV
+    Soybean Oil (points per lb, crude, degummed)
+    Fob Paranagua
+    May         260/230 D  May          270/250 D
+    Jun         290/280 D  Jly          290/280 D
+    Jun/Jly     300/270 D  Jly          320/300 D
+    Aug         290/280 D  Aug          unq
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3655" NEWID="14672">
+<DATE> 7-APR-1987 16:55:32.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2480&#31;reute
+r f BC-BUFFTON-&lt;BUFF>-TO-POS   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUFFTON &lt;BUFF> TO POST INVESTIGATION CHARGE</TITLE>
+<DATELINE>    FORT WORTH, Texas, April 7 - </DATELINE><BODY>Buffton Corp said it will    
+conduct an investigation on a plant designated as a Superfund
+Site, which will result in a charge of about six cts per share
+in its second quarter.
+    In the year ago second quarter, Buffton reported net income
+of 10 cts a share or 330,000 dlrs on sales of 10.3 mln dlrs.
+     The study should be completed in nine months and will
+determine any clean-up or remedial action that may be required.
+Robintech Inc, the plant's former owner, will split the cost.
+Buffton said its share will cost 400,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3656" NEWID="14673">
+<DATE> 7-APR-1987 16:55:37.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ LQ
+&#22;&#22;&#1;f2481&#31;reute
+u f BC-cash-beef/pork-prices   04-07 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASH WHOLESALE BEEF PRICES</TITLE>
+<DATELINE> FOB RIVER - </DATELINE><BODY>CLOSE CDT  APRIL 7
+        CENTS PER LB   CHANGE
+ CHOICE STEERS
+ YIELD GRADE 3
+ 600/700  98-1/2b      no comparison
+ 700/800  98-1/2b      no comparison
+ 800/900  98-1/2b      no comparison
+ CHOICE HEIFERS
+ 500/550  87-88        unch
+ 550/700  97-1/2-98    no comparison
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3657" NEWID="14674">
+<DATE> 7-APR-1987 16:55:46.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2482&#31;reute
+r f BC-YEUTTER-BLAMES-OVERPR   04-07 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER BLAMES OVERPRODUCTION FOR TRADE PROBLEMS</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Over-investment and over-production are
+at the root of many of the difficult trade issues that have
+soured relations between the United States and some of its
+major trading partners, trade representative Clayton Yeutter
+said.
+    He told a conference, held by the University of Chicago's
+Graduate Business School, that much of this was caused by
+governments "getting their finger in the pot."
+    Yeutter referred specifically to the problems of
+agricultural trade, where subsidized exports have been a point
+of contention most notably between the United States and the
+European Community.
+    "Think of the vast waste of financial and other resources,"
+he said.
+    Yeutter said much of the problem underlying the dispute
+with Japan over semiconductors was due to overproduction.
+    The trade representative called for a long-term approach to
+international trade and said the recent commitment to a
+free-trade agreement between the United States and Canada was a
+step in the right direction.
+    There's a lot of work to be done in the next six months,
+but we have set October 1 as a target date for an agreement to
+be reached, he added.
+    "We're trying to create an environment that will facilitate
+and foster free and open trade in the world," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3658" NEWID="14675">
+<DATE> 7-APR-1987 16:57:38.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2484&#31;reute
+u f BC-ASCS-TERMINAL-MARKET   04-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASCS TERMINAL MARKET VALUES FOR PIK GRAIN</TITLE>
+<DATELINE>    KANSAS CITY, April 7  - </DATELINE><BODY>The Agricultural Stabilization and
+Conservation Service (ASCS) has established these unit values
+for commodities offered from government stocks through
+redemption of Commodity Credit Corporation commodity
+certificates, effective through the next business day.    
+Price per bushel is in U.S. dollars. Sorghum is priced per CWT,
+corn yellow grade only.
+    WHEAT       HRW   HRS   SRW   SWW   DURUM
+ Chicago        ---   3.03  3.24   ---   --- 
+ Ill. Track     ---   ---   2.99   ---   --- 
+ Toledo         ---   3.03  3.04   2.99  --- 
+ Memphis        ---   ---   3.07   ---   --- 
+ Peoria         ---   ---   2.96   ---   --- 
+               HRW    HRS   SRW   SWW   DURUM
+ Denver        2.65   2.66  ---   ---   --- 
+ Evansville    ---    ---   3.01  ---   --- 
+ Cincinnati    ---    ---   2.99  ---   --- 
+ Minneapolis   2.70   2.70  ---   ---   3.80
+ Baltimore/
+ Norf./Phil.   ---    ---   3.07  2.92  --- 
+ Kansas City   2.98   ---   3.18  ---   --- 
+ St. Louis     2.90   ---   2.90  ---   --- 
+ Amarillo/
+ Lubbock       2.64   ---   ---   ---   --- 
+               HRW    HRS   SRW   SWW   DURUM
+ Lou. Gulf     ---    ---   3.17  ---   ---
+ Portland/
+ Seattle       3.11   3.12  ---   3.00  3.80
+ Stockton      2.71   ---   ---   ---   ---
+ L.A.          3.19   ---   ---   ---   4.20
+ Duluth        2.70   2.70  ---   ---   3.80
+ Tex. Gulf     3.14   ---   3.17  ---   ---
+            CORN  BRLY  OATS  RYE   SOYB  SORG
+ Chicago    1.55   ---  ---   ---   5.01  2.63
+ Ill Track  1.58  2.04  ---   ---   5.06  2.70
+ Toledo     1.55  2.04  1.55  ---   5.04  2.63
+ Memphis    1.64  1.95  1.76  ---   5.12  2.74
+ Peoria     1.59  ---   ---   ---   5.01  2.76
+ Denver     1.66  1.66  ---   ---   ---   2.76
+ Evnsvlle   1.63  2.04  1.55  2.02  5.07  2.77
+ Cinci      1.60  2.04  1.55  2.04  5.06  2.72
+ Mpls       1.49  1.75  1.55  1.70  4.92  ---
+ Balt/Nor/
+ Phil       1.77  1.80   ---   ---   5.24 3.04
+            CORN  BRLY   OATS  RYE   SOYB  SORG
+ KC         1.55  1.66   1.70  ---   4.94  2.71
+ St.Lo      1.62  ---    1.71  ---   5.07  2.89
+ Amarlo/
+ Lubbck     1.89 1.52    ---   ---   4.90  3.17
+ Lou Gulf   1.81 ---     ---   ---   5.29  3.26
+ Port/
+ Seattle    1.96 2.11    1.55  ---   ---   ---
+ Stockton   2.30 2.26    1.94  ---   ---   3.95
+ LA         2.67 2.43     ---  ---   ---   4.58
+ Duluth     1.49 1.75    1.55  1.70  4.92  ---
+ Tex Gulf   1.79 1.54    1.87  ---   5.29  3.22
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3659" NEWID="14676">
+<DATE> 7-APR-1987 16:57:42.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2485&#31;reute
+r f BC-SUMMER/WINTER-TIME-CH   04-07 0012</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMMER/WINTER TIME CHANGES.</TITLE>
+<DATELINE>    APRIL 11 - </DATELINE><BODY>ISRAEL INTRODUCES SUMMER TIME.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3660" NEWID="14677">
+<DATE> 7-APR-1987 16:58:09.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM FQ EQ
+&#22;&#22;&#1;f2487&#31;reute
+b f BC-QT8454   04-07 0084</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ N.Y. MONEY CLOSING -APR 07
+ TREASURY BILLS
+  90  days 5.55-5.54 pct
+ 180 days  5.70-5.69 pct
+ 360 days  5.80-5.79 pct
+ PRIMARY CERTIFICATES OF DEPOSIT
+ 30-59   days 5.95
+ 60-119  days 6.00
+ 120-269 days 6.08
+ 270-359 days 6.15
+ 360-390 days 6.20
+ COMMERCIAL PAPER THROUGH DEALERS
+ 30-59  days  6.22
+ 60-89  days  6.22
+ 90-179 days  6.22
+ COMMERCIAL PAPER PLACED DIRECTLY
+ 30-59   days 6.16
+ 60-89   days 6.15
+ 90-119  days 6.12
+ 120-179 days 6.05
+ 180-239 days 6.02
+ 240-270 days 6.02
+ BANKERS ACCEPTANCES (TOP NAME DEALERS BIDS)
+ 30-59   days 6.16
+ 60-89   days 6.16
+ 90-119  days 6.16
+ 120-149 days 6.15
+ 150-179 days 6.15
+ 180-209 days 6.14
+ BANKERS ACCEPTANCES (BANKS BIDS/ASK)
+ 30-59   days 6.17/6.07
+ 60-89   days 6.17/6.07
+ 90-119  days 6.17/6.07
+ 120-149 days 6.17/6.07
+ 150-179 days 6.17/6.07
+ 180-    days 6.17/6.07
+ FEDERAL FUNDS AT 1700 EDT 6-1/4
+ High 6-1/4       Low  6-1/16
+ Prime Rate       07.75
+ Broker Loan Rate 07.50-07.25
+ MOODY'S YIELD FIGURES
+ AAA Corp       8.53
+ AAA Utilities  8.45
+ AA  Rails      8.59
+     
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3661" NEWID="14678">
+<DATE> 7-APR-1987 17:00:19.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2495&#31;reute
+u f BC-ny-rubber-report   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. RUBBER REPORT</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>SIR 20 from Palembang traded for April
+shipment at 34-1/2 cents a lb and 34-5/8 cents a lb, FOB,
+sight, brokers said.
+    SIR 20 from Padang traded for April shipment at 34-5/8
+cents a lb, FOB, sight, brokers said.
+    Belawan SIR 20 was offered but unsold for April shipment at
+35 cents a lb, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3662" NEWID="14679">
+<DATE> 7-APR-1987 17:00:29.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2496&#31;reute
+r f BC-AMERICAN-DYNAMICS-&lt;AM   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN DYNAMICS &lt;AMDC> TO SELL 51 PCT STAKE</TITLE>
+<DATELINE>    COLUMBUS, Ohio, April 7 - </DATELINE><BODY>American Dynamics Corp and
+&lt;Meridian Reserve Inc> said they signed a definitive agreement
+under which Meridian will buy 81.9 mln shares, or 51 pct, of
+American Dynamics' common stock.
+    Under terms of the agreement, Santa Ana, Calif.-based
+Meridian said it will pay Columbus-based American Dynamics one
+mln dlrs in cash and notes over five years and about 500,000
+shares of its common stock.
+    Meridian said it has the option to issue an additional
+1,500,000 shares of its common over the next two years in
+payment of certain of the notes.
+    Meridian, an oil and gas company whose operations are
+primarily in Oklahoma, said the acquisition will increase its
+its consolidated assets to 30 mln dlrs and its contractually
+committed gas reserves to more than 40 mln dlrs at discounted
+present value.
+    American Dynamics is engaged in gas gathering, transmission
+and liquids extraction, also in Oklahoma.
+    The companies said they have five extracting plants and
+about 525 miles of transmission lines in five adjoining
+Oklahoma counties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3663" NEWID="14680">
+<DATE> 7-APR-1987 17:00:40.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2497&#31;reute
+u f BC-ITT-&lt;ITT>-TO-REDEEM-T   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT &lt;ITT> TO REDEEM THREE PREFERRED ISSUES</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>ITT Corp said it will redeem the
+outstanding shares of its four-dlr convertible series H,
+4.50-dlr convertible series I and four-dlr convertible series J
+cumulative preferred stock.
+    ITT said the shares will be redeemed for 100 dlrs a share
+plus dividend accrued through June eight, the redemption date.
+    ITT said the right to convert the series H issue will end
+June one, while the right to convert the series I and J issues
+will end June eight.
+    ITT has about 124,000 shares of series H outstanding,
+839,000 shares of series I and 142,000 shares of series J.
+    Earlier today the company said its board authorized the buy
+back of up to 10 mln shares of common and preferred stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3664" NEWID="14681">
+<DATE> 7-APR-1987 17:00:50.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ LQ MQ TQ
+&#22;&#22;&#1;f2498&#31;reute
+u f BC-crb-index   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE> COMMODITY RESEARCH BUREAU PRICES INDEX              New York,</TITLE>
+Apr<DATELINE> 7  - </DATELINE><BODY>THE COMMODITY RESEARCHBUREAU FUTURES PRICES INDEX Apr
+7  - 212.28 up 1.71  COMPARED WITH 210.2 unch    year ago.
+   (BASE 1967 EQUALS 100).
+ IMPORTS          311.72  up   4.12
+ INDUSTRIES       227.11  up   1.38
+ GRAINS           162.80  up   0.82
+ OILSEEDS         182.03  up   2.98
+ LIVESTOCKS/MEATS 204.40  unch     
+ PRECIOUS METALS  334.78  up   5.09
+ MISCELLANEOUS    269.98  up   2.68
+ ENERGY           163.55  up   1.08
+ INTEREST RATES   104.25  off  0.57
+ CURRENCY         123.18  up   0.19
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3665" NEWID="14682">
+<DATE> 7-APR-1987 17:01:06.32</DATE>
+<TOPICS><D>sugar</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2501&#31;reute
+r f BC-ny-sugar-freights   04-07 0006</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. SUGAR FREIGHTS - April 7
+    Nil
+ reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3666" NEWID="14683">
+<DATE> 7-APR-1987 17:01:13.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2502&#31;reute
+h f BC-PACIFIC-STOCK-EXCHANG   04-07 0091</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PACIFIC STOCK EXCHANGE CLOSING ACTIVES
+    355,600, TEXACO, 34, UP 3/8
+    285,300, TEXAS AIR CORP PR I, 9-7/8, UP 1/8
+    221,200, GOLD STANDARD, 1-7/8, OFF 1/4
+    159,900, TEXAS AIR CORP PR G, 30-5/8, DOWN 1-1/2
+    131,500, ATT, 23-7/8, OFF 3/8
+    120,300, BETHLEHEM STEEL, 11-1/4, UNCHGED
+    110,800, CALIFORNIA FEDERAL, 35-3/8, OFF 1/8
+    105,400, PACIFIC GAS AND ELECTRIC, 22-1/8, OFF 1/4
+    81,300, GENERAL MOTORS, 82-1/4, UP 3/8
+    76,000, BANKAMERICA, 12-1/8, UP 1/4
+    ---
+    VOLUME - 9,147,000
+    ---
+    AFTER NEW YORK - 370,100
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3667" NEWID="14684">
+<DATE> 7-APR-1987 17:02:10.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2504&#31;reute
+r f BC-CONRAIL-FILES-PETITIO   04-07 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONRAIL FILES PETITION AGAINST ERIE &lt;ERIE></TITLE>
+<DATELINE>    CLEVELAND, April 7 - </DATELINE><BODY>Erie Lackawanna Inc said Consolidated
+Rail Corp filed with the U.S. Supreme Court seeking review of a
+Court of Appeals opinion which held Erie as not being liable
+for damages allegedly resulting from operations prior to its
+emergence from reorganization in 1982.
+    The claims are for damages for asbestosis and other
+work-related injuries claimed by former employees of the Erie
+Lackawanna.
+    Erie said it intends to oppose Conrail's request.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3668" NEWID="14685">
+<DATE> 7-APR-1987 17:02:18.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;LQ CQ
+&#22;&#22;&#1;f2505&#31;reute
+u f BC-boxed-beef-cut-out   04-07 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOXED BEEF CUT-OUT VALUE/MOVEMENT-USDA</TITLE>
+<DATELINE>    DES MOINES, April 7 - </DATELINE><BODY>boxed beef movement and demand very
+good amid light to moderate supplies.
+    Estimated gross boxed beef cut-out for tuesday, April 7,
+1987, choice 2-3 550-700 lb carcasses up 1.19 at 103.24, 
+700-850 lbs up 2.12 at 103.78 and goods 2-3 up 1.15 at 99.75.
+    These values based on carlot prices of fabricated beef
+cuts, FOB omaha basis and industry yields.
+          CH 2-3  CH 2-3  GD 2-3 fab cut trmgs
+          550/700 700/850 550/up  loads loads
+ tues 4/7  103.24  103.78  99.75   414   113
+ mon  4/6  102.05  101.66  98.60    87   12
+ tues 3/31 102.42  102.30  98.75   182   45
+ FOB OMAHA CHOICE 2-3 550/700 WGT  VALUE  CHANGE  PRICE
+ 112 RIBEYE LIP ON 11-dn 10.85 dn 7.00  3.20 
+ 120 BRISKET        6-10  2.89 up 2.00  1.06 
+ 126 ARM CHUCK   55-82   22.78 up 3.00  0.96 
+ 167 KNUCKLE       8-11   3.93 up 3.00  1.37 
+ 168 TOP ROUND    14-20   9.08 up 3.00  1.56 
+ 170 BOTTOM ROUND 18-25   8.57 unch     1.18 
+ 180 STRIP LOIN   10-12  11.14 unch     2.85 
+ 184 TOP BUTT     10-12   6.27 up 1.00  1.85 
+ 189 TENDERLOIN    5-7    6.94 unch     3.40n
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3669" NEWID="14686">
+<DATE> 7-APR-1987 17:02:48.51</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2507&#31;reute
+r f BC-USSR-EXCHANGE-RATES--   04-07 0156</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+USSR EXCHANGE RATES - SOVIET STATE BANK EFFECTIVE APRIL 8, 1987
+ROUBLES PER HUNDRED UNLESS STATED U.S.                  63.85  
+  (63.60) STG                  103.47    (102.56) BFR (1,000)  
+        16.90     (17.01) DMK                   35.06    
+(35.43) DFL                   31.00     (31.20) LIT (10,000)   
+       4.91      (4.94) CAN                   48.85     (48.79)
+DKR                    9.28      (9.32) NKR                   
+9.38      (9.34) FFR                   10.52     (10.59) SKR   
+               10.06      (UNCH) FIN MRK               14.20   
+  (UNCH) SFR                   42.03     (42.33) YEN (1,000)   
+        4.37      (4.34) AUS SCH                4.98     
+(5.01) AUS DLR               44.77      (UNCH) PAK RUP         
+      3.74      (UNCH) IND RUP                5.10      (UNCH)
+IRN RYL                0.88      (UNCH) LIB DIN (ONE)         
+2.09      (UNCH) MRC DRHM               7.78      (UNCH)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3670" NEWID="14687">
+<DATE> 7-APR-1987 17:03:11.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F C G L M T
+&#22;&#22;&#1;f2509&#31;reute
+u f BC-REUTER-COMMODITY-HIGH   04-07 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER COMMODITY HIGHLIGHTS 2100 GMT APRIL 7</TITLE>
+<DATELINE>    CHICAGO - </DATELINE><BODY>U.S. trade reprepresentative Clayton Yeutter said
+that if Congress were to require trade retaliation, it would
+only close markets and would result in less trade.
+    Many Congressional proposals do not appear to be overtly
+protectionist, yet their undeniable effect would be to close
+off market opportunitites, just as exchange rate movement is
+unleashing such opportunities for the first time in several
+years, he said in remarks prepared for an address to members of
+the University of Chicago's Graduate School of Business.
+    CHICAGO - The rally in soybean prices may prompt farmers to
+plant more soybean acres than the USDA projected in last week's
+acreage report, especially if new crop futures stay above the
+psychologically important 5.00 dlr a bushel mark, traders and
+analysts said.
+    NEW YORK - Magma Copper Co, a subsidiary of Newmont Mining
+Corp, said it is lowering its copper cathode price by 0.50 cent
+to 65.50 cents a lb, effective immediately.
+    LONDON - Brazil is likely to adopt a conservative coffee
+sales policy given the absence of International Coffee
+Organization export quotas, at least until October this year,
+according to the latest monthly coffee report from London trade
+house E.D. and F. Man.
+    LONDON - Delegates to this week's quarterly session of the
+International Tin Council expect Indonesia to vote for an
+extension of the sixth International Tin Agreement.
+    HAVANA - Cuban president Fidel Castro told a congress of
+the union of young communists here that the production of crude
+sugar during the harvest still in progress is 800,000 tonnes
+behind schedule.
+    In a speech Sunday, published in today's official paper
+Granma, Castro said unseasonable rains since January seriously
+interrupted harvesting and milling operations, especially in
+the central and western parts of the island.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3671" NEWID="14688">
+<DATE> 7-APR-1987 17:03:15.38</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2510&#31;reute
+r f BC-portland-grain-ships   04-07 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN SHIPS LOADING AT PORTLAND</TITLE>
+<DATELINE>    PORTLAND, April 7 - </DATELINE><BODY>There were six grain ships loading and
+six ships were waiting to load at Portland, according to the
+Portland Merchants Exchange.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3672" NEWID="14689">
+<DATE> 7-APR-1987 17:05:21.95</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>venezuela</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2514&#31;reute
+u f BC-italy's-eni-vo-invest   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S ENI TO INVEST IN VENEZUELAN PROJECTS</TITLE>
+<DATELINE>    CARACAS, April 7 - </DATELINE><BODY>Italy's state-owned Ente Nazionale
+Idrocarburi (ENI) will invest 197 mln dlrs in two joint
+ventures in coal and petrochemicals with Petroleos de
+Venezuela, S.A, ENI president Franco Reviglio said.
+    Speaking at a news conference, Reviglio said the two
+projects will eventually bring in some 300 mln dlrs annually in
+foreign exchange to Venezuela and help diversify the country's
+export base. "Joint ventures are the principal instrument for
+allowing the resources of the industrialized countries to be
+channeled to the developing world so as to lead future growth
+for both," Reviglio said.
+    ENI's subsidiary Ecofuel will join Pequiven, the
+petrochemical subsidiary of PDVSA in building a 160 mln dlr
+plant to produce mtbe, a gasoline additive used to increase
+octane levels.
+    The 500,000 mt per year plant will be constructed at Jose
+in eastern Venezuela, and fed by butane produced at PDVSA's
+eastern cryogenic complex. ENI owns 48 pct of the joint venture
+company, Super Octanos, C.A., while Pequiven has 49 pct, with
+the remaining three pct to be sold to private investors.
+    Production is set to begin in third quarter 1989. Ecofuel
+officials said the plant is modeled after one in Saudi Arabia.
+    Another ENI subsidiary, Agip Carbone, will sign a letter of
+intent in Caracas tomorrow to enter a partnership with PDVSA to
+mine the coal deposits at guasare in western zulia state, he
+said.
+    Feasibility studies are still being done on the carbozulia
+project, with a definitive accord slated for august, he added.
+    Agip carbone and atlantic richfield coal, an arco
+subsidiary have formed a consortium which will own 48 pct of
+the carbozulia project, whose total cost is estimated at 500
+mln dlrs, the company said. Agip carbone will invest 24 pct, or
+120 mln dlrs, in the project, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3673" NEWID="14690">
+<DATE> 7-APR-1987 17:05:45.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2515&#31;reute
+r f BC-BRAZILIAN-DOMESTIC-SO   04-07 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN DOMESTIC SOYBEAN AND PRODUCT</TITLE>
+<DATELINE>    RIO DE JANEIRO, APRIL 7 - </DATELINE><BODY>Brokers reported the following
+domestic prices for Brazilian soybean and products (byr/slr
+unless stated) -
+                TODAY            PREV
+    Soybean (cruzados per 60-kilo bag)
+    P.Grossa    196.00 B         unch
+    Interior
+    R.Grande
+    Do Sul      175.00 T         185.00 T
+                TODAY            PREV
+    Soybean Pellets (cruzados per kilo)
+    Parana      3.70 S           unch
+    Paranagua   3.65 B           3.50 B
+    Soybean Oil (cruzados per kilo, inc 12 pct sales tax,
+immediate deliv, 30 days pymt)
+    Sao Paulo   8.65/8.80        unch
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3674" NEWID="14691">
+<DATE> 7-APR-1987 17:06:45.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2516&#31;reute
+u f BC-DREXEL-TELLS-U.S.-STO   04-07 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DREXEL TELLS U.S. STOCK BUYERS TO LOOK ABROAD</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Drexel Burnham Lambert Inc is telling
+clients getting nervous about the volatile U.S. stock market to
+take a look at European and other foreign stock markets.
+    "We're still pushing for a fully invested position (in U.S.
+stocks) but we also recognize the market is up 40 pct since
+September," says Burton Siegel, investment strategist.
+    Rein van der Does, director of international research,
+admits to being cautious and somewhat confused about certain
+developments in the Tokyo market, such as Nippon Telephone
+shares trading at 250 times earnings.
+    The firm recently dropped its recommendation on Jaguar plc
+&lt;JAGRY> following a sharp runup in the shares. About the same
+time, says analyst Khaled Abdel Majeed, Drexel issued a buy
+recommendation on the West german automaker BMW.
+    He says a new plant and new models brighten the outlook for
+1987 and 1988. "The company trades in Germany on the parent
+company's earnings but on worldwide consolidated earnings, the
+multiple is seven or eight, half that of competitors."
+    By contrast Jaguar's share price to earnings multiple is
+about 12 and Daimler-Benz AG is around 14 or 15.
+    Drexel analyst Lucille Palermo recently upgraded
+recommendations on some Canadian gold stocks. With no recession
+in sight she sees improved physical demand plus new buying
+interest from the Middle East. Also, expectation of a higher
+inflation rate stimulates demand.
+    On the supply side she thinks "people are overlooking the
+problems in South Africa."  Palermo says all of this will push
+the bullion price to 475 dlrs an ounce by the end of the year.
+    Her current buy recommendations are Agnico-Eagle Mines Ltd
+&lt;AEAGF>, American Barrick Resources Corp &lt;ABX>, and Echo Bay
+Mines Ltd &lt;ECO>.
+    Palermo also believes the overall Canadian stock market has
+greater potential this year than last. Although the Canadian
+dollar has moved up slightly it is below levels of several
+years ago. "Canadian exports of all types look relatively cheap
+to foreigners - resources, manufactured goods, bonds and
+stocks."
+    Other European stocks favored by Drexel include Club
+Mediterranee &lt;CMI>, Pernod-Ricard, Royal Dutch Petroleum &lt;RD>,
+Unilever &lt;UN>, British Petroleum Co plc &lt;BP> and Imperial
+Chemical Industries plc &lt;ICI>. Drexel cautions U.S. investors
+that foreign dividends may be subject to withholding tax.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3675" NEWID="14692">
+<DATE> 7-APR-1987 17:06:53.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f2517&#31;reute
+u f BC-EASTERN-KANSAS-FEEDLO   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTERN KANSAS FEEDLOT CATTLE STEADY - USDA</TITLE>
+<DATELINE>    dodge city, april 7 - </DATELINE><BODY>slaughter cattle steady in slow trade
+amid moderate demand, the usda said.
+    sales confirmed on 400 steers and 1,100 heifers. week to
+date 2,700 head.
+    steers - choice with end good 2-3 1075-1100 lbs 69.25.
+    heifers - choice with end good 2-3 975-1025 lbs
+67.00-68.00.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3676" NEWID="14693">
+<DATE> 7-APR-1987 17:10:26.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f2524&#31;reute
+u f BC-AMEX-OPTIONS-CLOSING   04-07 0085</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AMEX OPTIONS CLOSING ACTIVES
+
+ 13,765 MMI APR 495        3/16  OFF    1/2
+  8,958 MMI APR 475      2 11/16 OFF  3 5/16
+  8,781 MMI APR 490        5/8   OFF    15/16
+  8,039 MMI APR 480      1 5/8   OFF  2 1/4
+  6,968 MMI APR 470      4       OFF  4 1/2
+  8,074 MMI APR 460P     5 3/4   UP   3 9/16
+  5,857 MMI APR 465P     8 1/4   UP   4 7/8
+  4,852 MMI APR 470P    11 1/2   UP   6
+  4,824 MMI APR 450P     2 1/2   UP   1 11/16
+  4,713 MMI APR 455P     3 5/8   UP   2 3/8
+
+       ADVANCES  755    DECLINES1,098
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3677" NEWID="14694">
+<DATE> 7-APR-1987 17:10:32.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f2525&#31;reute
+u f BC-WESTERN-KANSAS-FEEDLO   04-07 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN KANSAS FEEDLOT CATTLE STDY/UP 0.50 - USDA</TITLE>
+<DATELINE>    dodge city, april 7 - </DATELINE><BODY>slaughter cattle steady to firm,
+instances up 0.50 dlr, in moderate trade amid good demand, usda
+said.
+    sales confirmed on 3,100 steers and 3,700 heifers. week to
+date 27,100 head.
+    steers - mostly choice 2-3 1150-1175 lbs 69.75-70.00.
+    heifers - mostly choice 2-3 950-1050 lbs 68.50-68.75.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3678" NEWID="14695">
+<DATE> 7-APR-1987 17:12:45.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM FQ EQ
+&#22;&#22;&#1;f2526&#31;reute
+b f BC-QT8459   04-07 0095</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+WALL STREET INDICES CLSG-APR 7
+ NYSE    HIGH     LOW   CLSG
+ Comp    171.64  168.35 168.35 off 2.61
+ Inds    208.59  204.39 204.39 off 3.09
+ Trans   143.13  140.94 140.94 off 2.08
+ Utils    75.77   74.29  74.29 off 1.53
+ Finance 158.45  156.46 156.46 off 1.84
+ Volume  186,410,000
+ Up   504   Down 1,121  Unch 351
+ AMEX
+ Index   341.64  off  0.59
+ Volume   14,224,000
+ Up  282  Down  326   Unch 240
+ NASDAQ
+ Comp    434.01 off  3.77
+ Ind     459.53 off  5.46
+ Bank    510.34 off  2.13
+ Insur   450.11 off  2.52
+ OTHER
+ Finance 528.78 off  1.67
+ Trans   411.72 off  2.17
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3679" NEWID="14696">
+<DATE> 7-APR-1987 17:12:47.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2527&#31;reute
+f f BC-******TEXACO-CONFIRMS   04-07 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEXACO CONFIRMS IT FILED PETITION FOR RELIEF FROM BOND PROVISIONS IN TEXAS APPEALS COURT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3680" NEWID="14697">
+<DATE> 7-APR-1987 17:12:58.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2528&#31;reute
+r f BC-REPUBLICBANK-&lt;RPT>-TO   04-07 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLICBANK &lt;RPT> TO RECLASSIFY BRAZIL LOANS</TITLE>
+<DATELINE>    DALLAS, April 7 - </DATELINE><BODY>RepublicBank Corp said it has placed
+182.6 mln dlrs of all intermediate and term loans to Brazil on
+a non-accrual basis as of March 31.
+    It said the reclassification will reduce first quarter
+earnings by 2.8 mln dlrs after taxes, and 11 mln dlrs after
+taxes for all of 1987, if Brazil does not change its position
+of a moratorium on interest payments.
+    RepublicBank also said its net income for the first quarter
+is expected to be about 10.4 mln dlrs or 30 cts a share on a
+fully diluted basis. In the year-ago first quarter the company
+earned 23.1 mln dlrs or 75 cts a share.
+    The company also said its first quarter results are
+expected to include a provision for loan losses of 55 mln dlrs,
+about 20 mln dlrs over net loan-charge-offs of about 35 mln
+dlrs. It said the provision will increase loan losses to about
+328 mln dlrs or 2.2 pct of loans.
+    RepublicBank, with total assets of about 21 billion dlrs,
+announced in December an agreement with InterFirst Corp &lt;IFC>
+to form First RepublicBank Corp. If the merger is approved by
+regulatory agencies and stockholders, it would create the 12th
+largest bank holding company in the United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3681" NEWID="14698">
+<DATE> 7-APR-1987 17:13:10.04</DATE>
+<TOPICS><D>crude</D><D>gas</D><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2529&#31;reute
+d f BC-SUPPLIES,-MIDEAST-TEN   04-07 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPPLIES, MIDEAST TENSION FUEL GAINS IN OIL</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Petroleum futures rallied today in a
+market that was expecting declines in domestic supplies and
+became further unsettled by escalated Mideast fighting.
+    Crude oil, gasoline and heating oil all posted gains on the
+New York Mercantile Exchange, with crude oil prices matching
+life-of-contract highs. Crude for delivery in May closed 17
+cents higher at 18.84 dlrs a barrel.
+    "Crude futures could jump above 19 dlrs a barrel but will
+not remain there long if products are not strong," Robert
+Murphy, account executive at E.F. Hutton, said.
+    Traders said prices were supported by anticipation that the
+American Petroleum Institute would report a decline in domestic
+inventories of petroleum products in a weekly report.
+    Traders said prices also were supported by an escalation in
+the Iran-Iraq war, with the Iranians reportedly launching a new
+offensive against Iraqi positions, and Iraq attacking offshore
+oil fields and an oil export depot.
+    Buying by speculators continued to prompt gains in gold and
+silver futures on the Commodity Exchange in New York.
+    Gold prices retreated at midday, but rallied before the
+close with support from the silver market, which was
+approaching two-year highs, traders said.
+    Soybean futures posted strong gains on the Chicago Board of
+Trade, while corn and wheat were mostly higher.
+    Traders said cash sales have been slow in the country, and
+the soybean harvest in Brazil has been delayed by rain, which
+is limiting supplies.
+    In addition, the Agriculture Department last week projected
+a substantial drop in soybean acreage this year.     Monday's
+report that the USDA inspected 46 mln bushels of corn for
+export last week was unexpectedly high and, coupled with a lack
+of farm sales, provided support for the corn market, traders
+said.
+    Live hogs and frozen pork bellies rallied on the Chicago
+Mercantile Exchange, while cattle ended lower.
+    Live hogs pushed ahead on a lack of supplies because many
+farmers are turning their attention to spring planting rather
+than marketing livestock, traders said, noting that cash sales
+have been lighter than expected this week.
+    The lack of marketing also has supported pork bellies, but
+prices drifted lower for moderate losses in nearby months as
+speculators sold contracts to take profits, traders said.
+    Cattle prices closed lower but continued to show strength
+related to tight supplies.
+    Prices pushed ahead to new contract highs, extending gains
+past three-year peaks set Monday, as tight supplies forced meat
+packers to bid aggressively for available animals.
+    However, some traders sold contracts to take profits after
+the extended rally, which has seen the April delivery contract
+soar to 69.90 cents a pound from 56 cents a pound at the start
+of the year.
+    New York coffee futures closed higher on trade talk Brazil
+would not be an aggressive seller near term, analysts said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3682" NEWID="14699">
+<DATE> 7-APR-1987 17:13:25.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2530&#31;reute
+b f BC-market-talk   04-07 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. STOCK INDEX FUTURES PLUMMET IN LATE TRADE</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>U.S. stock index futures dropped in 
+active late afternoon trade and closed near daily lows.
+    The selloff followed an early rally that had sent June S
+and P 500s to a new contract high of 306.10. Arbitrage buy
+programs were triggered when the June S and P reached a 3.20
+point premium over the spot index, traders said.
+    However, weakness in the bond market in afternoon trade
+sparked selling in June S and Ps, sending the nearby contract
+to a discount which triggered the unwinding of buy programs,
+traders said. June S and Ps fell through chart support at
+296.00 which also sparked technical selling.
+    Value Line futures closed down 6.85 to 7.00, S and P 500
+futures fell 7.65 to 7.85, NYSE futures dropped 4.60, and MMI
+futures ended 10.65 to 11.00 points lower.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3683" NEWID="14700">
+<DATE> 7-APR-1987 17:14:34.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f2533&#31;reute
+u f BC-CANADIAN-BONDS-CLOSE   04-07 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN BONDS CLOSE LOWER</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>Canadian bonds extended mild losses from
+early activity to close up to 3/4 of a point lower in moderate
+trading, dealers said.
+    The decline reflected investor concern about economic
+trends, coupled with the sharp afternoon downturn in U.S. bond
+markets on firm oil prices and the uncertain outlook for the
+U.S. dollar, traders said.
+    The benchmark Canada 9-1/2 pct of 2001, off 1/8 in early
+trading, closed behind 5/8 at 105-3/4 7/8, while the 8-1/2 pct
+of 2011 lost 3/4 from last night to 96-5/8 7/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3684" NEWID="14701">
+<DATE> 7-APR-1987 17:17:34.97</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2537&#31;reute
+r f BC-ny-grain-freights   04-07 0068</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. GRAIN FREIGHTS - April 7
+    Yukong took Nichiku Maru 52,000 tonnes North Pacific to
+Japan April-May dates 9.75 dlrs 11 days all purposes
+    Peavey took Maria Sitinas 26,000 tonnes U.S. Gulf to Puerto
+Cabello and Guanta prompt 15.25 dlrs four days load 1,500
+discharge Puerto Cabello 1,000 Guanta
+    Portline took Sky Crest 35,000 tonnes U.S. Gulf to Lisbon
+spot 15.25 dlrs 7,000 load 5,000 discharge
+    Feruzzi took Alecos M. 31,000 tonnes barley Rouen
+completing Le Havre to Jeddah 15.35 dlrs 5,000 load 3,000
+discharge
+    Chinese charterers took Patricia VI 25,000 tonnes River
+Plate completing Buenos Aires or Bahia Blanca to China April
+dates 29.00 dlrs Buenos Aires or Bahia Blanca only 28.00 dlrs
+2,500 load 3,000 discharge
+    Comanav took Sea Song 30,000 tonnes U.S. Gulf to Morocco
+April-May dates 13.50 dlrs one-to-one option 14.50 dlrs
+one-to-two 5,000 load 5,000 discharge
+ reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3685" NEWID="14702">
+<DATE> 7-APR-1987 17:19:18.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2543&#31;reute
+u f BC-FOB-U.S.-GULF-CORN-VA   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOB U.S. GULF CORN VALUES SLIGHTLY FIRMER</TITLE>
+<DATELINE>    KANSAS CITY, April 7 - </DATELINE><BODY>FOB U.S. gulf corn values were
+slightly firmer as active gulf interest boosted gulf FOB and
+CIF values today, exporters said.
+    Loading programs and relatively slow country movement kept
+gulf interest lively. There were indications that 50,000 tonnes
+traded for August shipment at 20 cents over September, that
+50,000 tonnes traded yesterday for June at 20-1/2 cents over
+July, and that 25,000 tonnes of number three corn traded
+yesterday off the Atlantic at 23 over May for May 1-20.
+    Hard wheat offers were firm amid tight pipeline supplies.
+    Dealers quoted the following afternoon FOB U.S. gulf
+values, basis Chicago futures, except hard red winter wheat
+basis Kansas City. (In cents per bushel)
+       Corn (Number three grade)
+ April - 23 ov May bid, 26 offered.
+ May - 23 ov May bid, 26 offered.
+ June - 21 ov Jly bid, 23 offered.
+      Soybeans
+ L/H April - No bids, 26 ov May offered.
+ May - No bids, 25 ov May offered.
+ June - No bids, 26 ov Jly offered.
+      HRW wheat
+ April - No bids, 43 ov May offered.
+ May - No bids, 43 ov May offered.
+ June - No bids, 45 ov Jly offered.
+ July - 35 ov Jly bid, 39 offered.
+ August - 35 ov Sep bid, 39 offered.
+ September - 36 ov Sep bid, 40 offered.
+       SRW wheat
+ March - No bids or offers.
+ July - 15 ov Jly bid, 19 offered.
+ August - 15 ov Sep bid, 19 offered.
+ September - 16 ov Sep bid, 23 offered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3686" NEWID="14703">
+<DATE> 7-APR-1987 17:21:34.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f2547&#31;reute
+b f BC-QT8152   04-07 0104</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ NASDAQ CLOSING  ACTIVE - APRIL 7
+ Anchor Save Bank   3,652,400 12-3/4 up  1-1/4  Genetic Inc    
+   3,166,200 50-1/4 off 3-3/4
+ Network Systems    1,609,500 13-3/4 up    5/8
+ Interface flooring 1,400,300 21     off   1/2
+ Pic 'N Save        1,322,900 26-1/2 off   5/8
+ Intel Corp         1,301,300 42     off   1/2  Apollo Computer
+   1,182,700 18-5/8 off 1-1/4
+ Apple Computer     1,162,400 67-3/4 off 2-1/4
+ Glaxo Holding      1,153,300 24-1/4 unch     
+ Dasa Corp          1,130,300 1-3/16 unch     
+ (volume = shares)
+ Total Share Volume:  169,112,500
+ please  note volume based on shares
+ rather than dollar volume.)
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3687" NEWID="14704">
+<DATE> 7-APR-1987 17:22:20.96</DATE>
+<TOPICS><D>gas</D><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2548&#31;reute
+u f BC-******API-SAYS-DISTIL   04-07 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>API SAYS DISTILLATE STOCKS UP 628,000 BBLS, GASOLINE UP 2.29 MLN, CRUDE UP 8.52 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3688" NEWID="14705">
+<DATE> 7-APR-1987 17:22:27.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2549&#31;reute
+b f BC-QT8460   04-07 0045</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ WALL STREET INDICES CLOSING 2-APR 7
+ STANPOOR  HIGH   LOW    CLSG
+ Comp    303.65  296.67  296.69 off 5.26
+ Ind     351.83  343.67  343.70 off 5.79
+ Trans   235.99  231.51  231.56 off 3.27
+ Utils   115.42  112.56  112.57 off 2.85
+ Fin      30.14   29.52   29.52 off 0.53
+
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3689" NEWID="14706">
+<DATE> 7-APR-1987 17:23:40.69</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2550&#31;reute
+u f BC-SOUTHERN-TEXAS-GRAIN   04-07 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN TEXAS GRAIN DIFFERENTIALS ADJUSTED</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Posted county prices in 99 southern
+Texas counties have been changed to reflect only one market
+differential instead of the usual two-terminal market pricing
+system, a senior Agriculture Department official said.
+    Interior grain and soybean prices in the affected counties
+will now be based solely against the Texas Gulf. Prior to the
+change, county prices were also priced against the Amarillo
+market.
+    The changes were made to better reflect local market
+conditions, said Ralph Klopfenstein, deputy administrator for
+commodity operations at USDA.
+    "The Texas Gulf has always been the dominant market in those
+counties. Amarillo never became effective for that area,"
+Klopfenstein told Reuters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3690" NEWID="14707">
+<DATE> 7-APR-1987 17:24:42.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2551&#31;reute
+u f BC-TEXACO-&lt;TX>-CONFIRMS   04-07 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> CONFIRMS TEXAS COURT FILING</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., April 7 - </DATELINE><BODY>Texaco Inc said it filed a
+petition in the Texas Court of Appeals for relief of the bond
+and lien provisions of the 10.3 billion dlr judgement in its
+legal dispute with Pennzoil Co &lt;PZL>.
+    Earlier today, a lawyer for Pennzoil told Reuters a filing
+had been made in the Texas court of Appeals.
+    "The petition asks the court to determine a reasonable
+security arrangement between Texaco and Pennzoil," Texaco said
+in a statement.
+    Texaco also said it asked the court for a temporary
+restraining order against Pennzoil's enforcement of the 10.3
+billion dlr judgement until the petition is resolved.
+    According to Texas law, Texaco could be forced to post the
+full amount of the judgement as a bond. If it fails to do so,
+Pennzoil could seek liens against Texaco's assets for the full
+amount of the judgement.
+    Yesterday the U.S. Supreme Court stuck down a lower federal
+court ruling which had cut Texaco's bond to one billion dlrs.
+It said the issue should first be considered in Texas state
+Courts.
+    Earlier, the attorney for Pennzoil said Texaco had
+suggested a bond of one to 1.5 billion dlrs as a reasonable
+amount in today's filing.
+    But a Texaco spokesman had no immediate comment on the
+figure.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3691" NEWID="14708">
+<DATE> 7-APR-1987 17:24:52.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f2552&#31;reute
+u f BC-Credit-Markets   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKETS CLOSE SHARPLY LOWER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Firm oil prices, a sharp stock price
+fall and widespread fear that the dollar has much more room to
+decline sent bond prices tumbling, dealers said.
+    The key 7-1/2 pct Treasury bonds of 2016 fell 1-3/32 points
+to close at 95-1/32 and a 7.94 pct yield that was up 10 basis
+points from Monday and was 1987's highest closing yield.
+    "Investors threw in the towel today. The long bond seems
+headed for eight pct within the next few days," a trader said.
+That would correspond to a price of about 94-3/8.
+    Treasury bill rates increased two to eight basis points.
+Notes prices declined 1/8 to 3/4.
+    Bond traders said the main negative is recent instability
+of the dollar and growing feeling that even concerted central
+bank support will not be able to prevent a further sharp
+decline in the U.S. currency.
+    The dollar came under mild downward pressure early and
+finished with modest net losses. The currency was largely
+unaffected by generally supportive comments by Federal Reserve
+Chairman Paul Volcker and Japanese Finance Minister Kiichi
+Miyazawa.
+    Miyazawa once again said he and Treasury Secretary James
+Baker agree on the need for stable foreign exchange rates.
+    Fed Chairman Paul Volcker told Congress that the dollar's
+fall thus far should be "large enough, in a context of a
+growing world economy and fiscal restraint in the U.S., to
+support widespread expectations of a narrowing in the real
+trade deficit in the period ahead."
+    Despite favorable comments by Volcker and Miyazawa, there
+appears to be broad agreement among currency and bond market
+participants that a huge Federal budget deficit and a wide,
+although narrowing, trade gap will further depress the dollar.
+That could mean Japanese and other foreign investors will buy
+fewer U.S. bonds or even start selling them.
+    There has been no evidence of large-scale sales of U.S.
+bonds by the Japanese. Some dealers said that these investors
+actually purchased a modest amount of U.S. debt today, but they
+focused on shorter maturities in the two-year area rather than
+on long bonds.
+    To the extent that overseas investors back away from the
+U.S. bond market, dealers said that higher yields will be
+needed to lure others to take their place.
+    A late Federal funds rate rise contributed slightly to the
+bond market retreat. After averaging 6.20 pct yesterday, funds
+opened at 6-1/8 pct and traded between 6-1/16 and 6-1/4 pct.
+    The Federal funds rate rise occurred despite the Fed's
+unexpected direct supply of temporary reserves. The Fed
+arranged two-day System repurchase agreements with funds
+trading at 6-1/8 pct.
+    Treasury bill rates increased largely in response to the
+higher funds rate. Rates on new three and six-month bills rose
+two and seven basis points from Monday's auction averages to
+close at 5.55/54 pct and 5.70/69 pct. Year bills at 5.81/80 pct
+were up eight basis points from yesterday's close.
+    Among notes, the 6-3/8s of 1989 dropped 1/8 to 99-9/16,
+with the 7-1/4s of 1996 down 3/4 at 97-3/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3692" NEWID="14709">
+<DATE> 7-APR-1987 17:25:13.75</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2553&#31;reute
+u f BC-ny-tankers   04-07 0083</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. TANKERS - April 7
+    Ashland took Majestic Pride 45,000 tons dirty April 12 East
+Coast Mexico to U.S. Gulf worldscale 120
+    Frota took Fidelity L 49,000 tons dirty April 21 Brazil to
+United States worldscale 118
+    CPC took Eisho Maru 220,000 tons dirty April 12 Mideast
+Gulf to Taiwan worldscale 35
+    Citgo took Friendship Venture 67,000 tons dirty April 16
+Caribbean to U.S. Gulf worldscale 89
+    MSC took Loire 52,000 tons dirty April 10 East Coast Mexico
+to U.S. Gulf worldscale 92.5
+ reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3693" NEWID="14710">
+<DATE> 7-APR-1987 17:26:25.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2555&#31;reute
+u f BC-DOLLAR-ENDS-WITH-MODE   04-07 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR ENDS WITH MODEST LOSSES IN NEW YORK</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>The dollar ended with modest net losses
+against most major currencies as the market conducted a final
+round of position-squaring ahead of tomorrow's crucial Group of
+Five and Group of Seven meetings, dealers said.
+    "The dollar was trendless today. People are waiting to see
+if anything new comes from the meetings tomorrow and will then
+take it from there," said one dealer at a top European bank.
+    As a result, generally supportive comments by Federal
+Reserve Chairman Paul Volcker and Japanese Finance Minister
+Kiichi Miyazawa went largely unheeded.
+    The dollar closed at 145.60/70 yen, down from 145.85/90.
+    However, the dollar's yen closing level was comfortably
+above its overseas low of just under 145 yen. Against the mark,
+the dollar finished at 1.8270/80 marks after falling to 1.8180
+in Europe and ending at 1.8260/70 here yesterday.
+    In Congressional testimony this morning, Fed Chairman Paul
+Volcker harped on his long-held fears about the potentially
+catastrophic fallout from a sharp dollar decline.
+    He also said the dollar's fall, thus far, should be "large
+enough, in a context of a growing world economy and fiscal
+restraint in the U.S., to support widespread expectations of a
+narrowing in the real trade deficit in the period ahead."
+    The market impact of Volcker's comments was minimal. "It
+was the same old story. Volcker was just fulfilling his role as
+a defender of the currency," said one trader.
+    The market was similarly dismissive of Japanese Finance
+Minister Kiichi Miyazawa's upbeat appraisal of his hour-long
+conversation with U.S. Treasury Secretary James Baker this
+afternoon.
+    Miyazawa said that they both agreed on the need for
+currency stabilization and that he was satisfied with the role
+the U.S. has played in coordinated international efforts to
+prop up the dollar since the late February Paris agreement.
+    "Miyazawa can talk until he's blue in the face. The only
+person who will make a difference is Baker," said Alan Rose of
+First Interstate Bank in Los Angeles.
+    "The key question for the currency market is whether the
+(Reagan) administration will have a change of view to the
+dollar. If not, the dollar is going lower," he added.
+    The dollar's recent tumble to a 40-year low of 144.70 yen
+was linked to the market's perception that Washington was
+unhappy with the rate of adjustment of world trade imbalances
+and that a continued orderly dollar decline was the least
+disruptive way of accelerating the process.
+    While most analysts do not expect any marked change of
+attitude in Washington, they were reluctant to open any fresh
+positions until later in the week.
+    "We are reserving judgement for the time being," said Doug
+Madison of Commerzbank Ag.
+    The tranquility of the dollar market spread to sterling
+trading today. The pound ended unchanged against the dollar at
+1.6175/85 and edged up to 2.957 marks from 2.955 yesterday.
+    However, underlying sentiment remains positive after a U.K.
+opinion poll gave the ruling Conservative party its highest
+popularity rating since it was re-elected in 1983.
+    "Sterling still seems to be on the firm side," said one
+dealer.
+    The Canadian currency also retained a generally stronger
+tone, rising to 1.3055/60 to its U.S. counterpart from
+1.3080/85 yesterday.
+    According to figures provided by Morgan Guaranty Trust Co,
+the dollar's trade-weighted value at midday was 5.7 pct below
+average market rates in 1980-82, compared with 5.5 pct
+yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3694" NEWID="14711">
+<DATE> 7-APR-1987 17:29:13.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2562&#31;reute
+r f BC-YEUTTER-OPPOSES-U.S.   04-07 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER OPPOSES U.S. RETALIATORY POWER TRANSFER</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said President Reagan should have the authority and
+responsibility for deciding if and when to award import relief.
+    "As the only nationally-elected official in the government,
+only the president can weigh all the factors that go into
+determining whether or not it is in the national economic
+interest to do so," he said in a prepared address to the
+University of Chicago's Graduate School of Business.
+    Yeutter was commenting on proposed changes in the law which
+would transfer to the trade representative much of the current
+retaliatory power held by the White House, which has been the
+target of congressional dissatisfaction on trade issues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3695" NEWID="14712">
+<DATE> 7-APR-1987 17:29:33.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2564&#31;reute
+r f BC-YEUTTER-CALLS-TEXTILE   04-07 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER CALLS TEXTILE BILL "PURE PROTECTIONISM"</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said a textile bill, widely expected to be offered as
+an amendment to trade legislation on the House or Senate floor,
+is "pure protectionism."
+    "Its attachment to a trade bill would kill the bipartisan,
+cooperative spirit needed to produce growth-oriented,
+market-opening legislation," he said in a speech prepared for
+the University of Chicago's Graduate School of Business.
+    President Reagan vetoed that bill last year and would
+almost certainly reject this year's bill, he added.
+    "We simply cannot accept legislation that would provoke
+retaliation against American exporters, destroy the Uruguay
+Round, and embroil us in dozens of trade wars," the trade
+representative said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3696" NEWID="14713">
+<DATE> 7-APR-1987 17:30:10.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2566&#31;reute
+r f BC-YEUTTER-BLAMES-OVERPR   04-07 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER BLAMES OVERPRODUCTION FOR TRADE PROBLEMS</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Over-investment and over-production are
+at the root of many of the difficult trade issues that have
+soured relations between the United States and some of its
+major trading partners, trade representative Clayton Yeutter
+said.
+    He told a conference, held by the University of Chicago's
+Graduate Business School, that much of this was caused by
+governments "getting their finger in the pot."
+    Yeutter referred specifically to the problems of
+agricultural trade, where subsidized exports have been a point
+of contention most notably between the United States and the
+European Community.
+    "Think of the vast waste of financial and other resources,"
+he said.
+    Yeutter said much of the problem underlying the dispute
+with Japan over semiconductors was due to overproduction.
+    The trade representative called for a long-term approach to
+international trade and said the recent commitment to a
+free-trade agreement between the United States and Canada was a
+step in the right direction.
+    There's a lot of work to be done in the next six months,
+but we have set October 1 as a target date for an agreement to
+be reached, he added.
+    "We're trying to create an environment that will facilitate
+and foster free and open trade in the world," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3697" NEWID="14714">
+<DATE> 7-APR-1987 17:30:40.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;YQ
+&#22;&#22;&#1;f2570&#31;reute
+b f BC-wkly-api   04-07 0122</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+API WEEKLY REPORT ON FUEL PRODUCTION AND STOCKS
+  (In Thousands of Barrels a Day, Except Stocks)
+                     4/03/87   3/27/87   4/04/86
+ Gasoline Production   6,633     6,423     6,051
+ Gasoline Stocks     247,908   245,617-R 216,393
+ Distillate Produc     2,518     2,388     2,662
+ Distillate Stocks   106,958   106,330-R  96,129
+ Residual Fuel Produc    970       948       925
+ Resid Fuel Stocks    38,254    37,976-R  39,074
+ Jet Fuel Production   1,361     1,305     1,174
+ Jet Fuel Stocks      48,958    48,822    47,449
+ Crude Oil Stocks    337,732   329,208-R 338,410
+ Crude Oil Imports     3,403     3,598-R   3,252
+ Refinery Runs        12,536    12,205    12,002
+ Pct of Capacity        80.4      78.3      77.4
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3698" NEWID="14715">
+<DATE> 7-APR-1987 17:31:25.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2572&#31;reute
+d f BC-AMOSKEAG-BANK-&lt;AMKG>   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOSKEAG BANK &lt;AMKG> TO SEEK REHEARING</TITLE>
+<DATELINE>    MANCHESTER, N.H., April 7 - </DATELINE><BODY>Amoskeag Bank Shares Inc and
+&lt;Portsmouth Savings Bank> said they will file motions for a
+rehearing with the New Hampshire Supreme Court of its March 30
+ruling that overturned state regulatory approval of Amoskeag's
+acquisition Portsmouth.
+    "The ramifications of this decision, we believe, go well
+beyond the affiliation of Amoskeag and Portsmouth Savings
+Bank," said Amoskeag chairman William S. Bushnell.
+    The transaction was opposed by a group of Portsmouth
+investors who wanted the bank to remain independent, according
+to press reports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3699" NEWID="14716">
+<DATE> 7-APR-1987 17:31:51.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2574&#31;reute
+u f BC-export-business   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPORT BUSINESS - GRAINS/OILSEEDS COMPLEX</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>Grain and oilseed complex export
+business reported since yesterday by government agencies and
+private exporters -
+    Japanese crushers bought a total of 5,000 tonnes of
+Canadian rapeseed in export business overnight for late
+May/early June shipment...Results still awaited on a tender by
+Jordan for 225,000 tonnes of U.S. hard and soft wheats for
+various April/Nov shipments under the U.S. Department of
+Agriculture's (USDA) export enhancement program...
+    (Continued) - Spain will shortly sign with Saudi Arabia an
+order for an undisclosed amount of barley for April/May
+delivery...Sesostris, the Spanish subsidiary of the
+international grain trader Dreyfus, sold 18,000 tonnes of
+barley to Greece for April 14/30 delivery via Mediterranean
+ports.
+    Tenders - nil
+    Market talk and comment - Pakistan was rumored to have
+rejected offers at its tender today for an additional 6,000
+tonnes of Malaysian PBD palm oil...
+    Market talk and comment (continued) - Thailand exported
+75,160 tonnes of rice in the week ended March 31, down from
+88,785 tonnes the previous week, plus concluded advance weekly
+sales for 22,086 tonnes against 44,483 tonnes the previous
+week...Pakistan has offered 50,000 tonnes of rice as emergency
+aid in Bangladesh's current food crisis, Bangladesh commerce
+ministry officials told reporters...Honduras will tender April
+13 under PL-480 for U.S. and non-U.S. flag vessels to deliver
+approximately 52,500 tonnes of various wheats in bulk with
+laydays from June 20 through September 25, an agent for
+Honduras said...
+    Market talk and comment (continued) -  The Commodity Credit
+Corp reallocated 5.0 mln dlrs in credit guarantees previously
+earmarked for sales of U.S wheat to cover sales of vegetable
+oil to Bangladesh, plus authorized 2.0 mln dlrs in credit
+guarantees to cover sales of seeds to Algeria and transferred
+21.0 mln dlrs in credit guarantees previously
+earmarked for sales of U.S. corn and 5.0 mln dlrs for oilseeds
+to increase available coverage on sales of U.S. poultry meat to
+Iraq, the USDA said...Japan was rumored to be tendering
+tomorrow, April 8, for an undisclosed amount of optional origin
+wheat for June shipment...
+    Market talk and comment (continued) - Tunisia was rumored
+to have tendered for 100,000 tonnes of optional origin soft
+wheat for May/June shipments...Egypt was rumored to be
+tendering tomorrow for 125,000 tonnes of U.S. wheat flour for
+May/June shipment using PL-480 allocated funds...Morocco was
+rumored to be tendering Thursday, April 9, for 120,000 to
+210,000 tonnes of U.S. wheat for May/June shipment using PL-480
+funds...Egypt was rumored to have withdrawn its tender for
+200,000 tonnes of U.S. soft wheat for May/June shipment
+...North Yemen was rumored to have taken 75,000 tonnes of
+Australian wheat for April/May shipment and rejected U.S....
+    Market talk and comment (continued) - Algeria was rumored
+to be tendering overnight for optional origin corn...Taiwan was
+rumored to be tendering overnight for 35,000 tonnes of U.S.
+sorghum...The Philippines were rumored to have rejected offers
+at a tender for 450,000 tonnes of spring wheat.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3700" NEWID="14717">
+<DATE> 7-APR-1987 17:33:02.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;YQ
+&#22;&#22;&#1;f2577&#31;reute
+u f BC-API-PETROLEUM-REPORT   04-07 0047</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+API PETROLEUM REPORT -ADDITIONAL STATISTICS
+                                                 CHANGE ON
+PRODUCT          04/03/87    03/27/87  04/04/86  WEEK   YEAR
+CRUDE OUTPUT      8.431       8.431     9.002    ----  -0.571
+RESID OUTPUT        970         948       925      22      45
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3701" NEWID="14718">
+<DATE> 7-APR-1987 17:36:28.80</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2580&#31;reute
+u f BC-EGYPT-CANCELS-PL480-S   04-07 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT SAID TO CANCEL PL480 SOFT WHEAT TENDER</TITLE>
+<DATELINE>    KANSAS CITY, April 7 - </DATELINE><BODY>Egypt has cancelled its Export Bonus
+tender for 200,000 tonnes of soft red winter wheat for May-June
+shipment after failing to bid a price acceptable to USDA,
+private export sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3702" NEWID="14719">
+<DATE> 7-APR-1987 17:36:58.83</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2581&#31;reute
+u f BC-DOE-RECOMMENDS-SPECIA   04-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOE RECOMMENDS SPECIAL UNIT TO ENRICH URANIUM</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Energy Secretary John Herrington told
+Congress that a federally chartered corporation would be the
+best way to manage and operate the government's uranium
+enrichment program.
+    He said in a letter to Congressmen that unless the program,
+now run by the Energy Department, is improved, sales worth five
+billion dlrs could be lost between 1990 and 2000.
+    The program now has annual commercial sales of about one
+billion dlrs and holds 50 pct of the free world market for
+enrichment services.
+    A department official said the world market for enriched
+uranium for reactors for power utilities is increasingly
+competitive and private entity could better tap it.
+    The Administration's plan to spin off the department's 
+uranium enrichment operation is in line with it effort to
+reduce the federal government's role in areas where it feels
+private enterprise could be more efficient.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3703" NEWID="14720">
+<DATE> 7-APR-1987 17:37:06.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2582&#31;reute
+r f BC-RED-LION-INNS-L.P.-BE   04-07 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RED LION INNS L.P. BEGINS OFFERING</TITLE>
+<DATELINE>    NEW YORK, APril 7 - </DATELINE><BODY>Red Lion Inns L.P. said it began an
+initial public offering of 4.9 mln units priced at 20 dlrs a
+unit.
+    Proceeds and a 105.87 mln dlrs mortgage loan will be used
+to finance the acquisition of 10 Red Lion hotels, it said.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3704" NEWID="14721">
+<DATE> 7-APR-1987 17:40:38.00</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2587&#31;reute
+u f BC-JORDAN-BOOSTS-BIDS-IN   04-07 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JORDAN BOOSTS BIDS IN EXPORT BONUS WHEAT TENDER</TITLE>
+<DATELINE>    KANSAS CITY, April 7 - </DATELINE><BODY>Jordan has boosted its bids for U.S.
+soft and hard wheat under Export Bonus, private export sources
+said.
+    Jordan today bid 74 dlrs per tonne for soft wheat and 75
+dlrs per tonne for hard red winter wheat in its tender for
+225,000 tonnes of hard and soft wheat for April through
+November shipment. Earlier today, USDA rejected its bids of 70
+dlrs for both varieties, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3705" NEWID="14722">
+<DATE> 7-APR-1987 17:41:14.02</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>morocco</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2588&#31;reute
+u f BC-MOROCCO-TENDERS-THURS   04-07 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOROCCO TENDERS THURSDAY FOR PL 480 WHEAT</TITLE>
+<DATELINE>    KANSAS CITY, April 7 - </DATELINE><BODY>Morocco will tender Thursday for
+120,000 to 210,000 tonnes of U.S. wheat, cheapest variety
+preferred, for May and June shipments under PL 480, private
+export sources said.
+    The tender will consist of three lots of up to 70,000
+tonnes each for shipment May 1-30, May 10-June 10, and May
+25-June 25, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3706" NEWID="14723">
+<DATE> 7-APR-1987 17:41:49.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ
+&#22;&#22;&#1;f2589&#31;reute
+r f BC-U.S.-CONSOLIDATED-CLO   04-07 0129</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. CONSOLIDATED CLOSING 1
+
+ ALCOA       43 3/4  M     OFF  1 3/8
+ AMER CAN    49      N     OFF    1/4
+ AMER ELEC   27 3/4  X     OFF    5/8
+ AMER BRAND  47 3/4  N     OFF  1 5/8
+ AMR CORP    53 1/4  N     OFF  2 1/4
+ AMER EXPR   73 1/2  P     OFF  1 1/4
+ BURL NOR    70 3/8  P     OFF    3/8
+ BETH STL    11 1/4  P     UNCH
+ CARO FRG    34 3/4  N     OFF    1/4
+ COLUMB GAS  47 3/4  N     OFF  1 1/2
+ CONS FRGT   35 1/4  N     UNCH
+ CONS N-GAS  41 3/8  N     OFF  1 1/8
+ CAN-PACIF   19      N     OFF    1/8
+ CSX CORP    33      P     OFF    1/2
+ COMW ED     34 3/4  P     OFF  1 1/8
+ DELTA AIR   54 7/8  P     OFF  3 3/8
+ DU PONT    119 1/4  M     OFF  2 3/4
+ DET ED      17 1/4  N     OFF    3/8
+ CON ED NY   43 1/4  P     OFF    5/8
+ EAST KODAK  78 3/8  P     OFF  1 5/8
+ GEN ELEC   108 1/8  P    OFF  3 5/8
+ GEN MOTORS  82 1/4  P    UP     3/4
+ GOODYEAR    59      N    OFF    1/2
+ NAVISTAR     6 7/8  P    OFF    1/4
+ HOUS IND    34 7/8  P    OFF  1 1/8
+ IBM        146 1/2  P    OFF  2 7/8
+ INTL PAPER 112 3/8  M    OFF  2 1/8
+ MINN MIN   133 3/4  M    OFF    1/8
+ MERCK      160      P    OFF  5 5/8
+ INCO        16 1/2  N    OFF    1/8
+ NIAG MOHWK  16 1/2  P    OFF    1/2
+ NORFOLK     32      M    OFF    1/8
+ NWA INC     64 3/4  P    OFF  1 1/8
+ RYDER SYS   41 1/2  P    OFF    3/4
+ PAC G&amp;E CO  22 1/8  P    OFF    1/4
+ PHIL ELEC   21 1/4  P    OFF    7/8
+ PSEG        38 7/8  N    OFF    5/8
+ PANHAND PI  32      N    UNCH
+ PROCT GAM   95      N    OFF  1 3/4
+ PHILLIPS P  16 1/2  P    OFF    1/2
+ PLY-GEM IN  16 1/4  A    OFF    1/2
+ PEOPLS EGY  22 1/2  N    OFF  1 1/4
+ PAN AM CP    4 1/2  N    OFF    1/4
+ REICH CHEM  46 7/8  N    OFF    1/4
+ SEARS ROE   54      P    OFF  1 3/8
+ SOU CALIF   31      P    OFF  1 1/2
+ CHEVRON CO  59 1/4  P    OFF  1 1/8
+ SANTA FE    39 5/8  P    OFF    3/8
+ ATT         23 7/8  P    OFF    3/8
+ TEXACO      34      P    UP     3/8
+ UNITED AIR  65 3/4  P    UNCH
+ UNION CARB  29 5/8  P    UP     5/8
+ UNION PAC   77 5/8  P    UP     3/8
+ UNITED TEC  51 1/8  M    OFF    5/8
+ USX CORP    29 3/8  P    UP     1/8
+ WEST ELEC   65 3/4  N    OFF  1 1/2
+ WOOLWORTH   52 1/4  P    OFF  1 5/8
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3707" NEWID="14724">
+<DATE> 7-APR-1987 17:43:35.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2592&#31;reute
+u f BC-Credit-Markets   04-07 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CREDIT MARKETS CLOSE SHARPLY LOWER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Oil price firmness, a sharp stock price
+fall and widespread fear that the dollar has much more room to
+decline sent bond prices tumbling, dealers said.
+    The key 7-1/2 pct Treasury bonds of 2016 fell 1-3/32 points
+to close at 95-1/32 and a 7.94 pct yield that was up 10 basis
+points from Monday and was 1987's highest closing yield.
+    "Investors threw in the towel today. The long bond seems
+headed for eight pct within the next few days," a trader said.
+That would correspond to a price of about 94-3/8.
+    Treasury bill rates increased two to eight basis points.
+Notes prices declined 1/8 to 3/4.
+    Bond traders said the main negative is recent instability
+of the dollar and growing feeling that even concerted central
+bank support will not prevent a further drop in the dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3708" NEWID="14725">
+<DATE> 7-APR-1987 17:44:14.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2593&#31;reute
+d f BC-today-in-washington   04-07 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMODITIES TODAY IN WASHINGTON FOR APRIL 8</TITLE>
+<DATELINE>    -- </DATELINE><BODY>House Agriculture Livestock, Dairy and Poultry
+Subcommittee reviews Agriculture Department's meat inspection
+program. (1000)
+    -- Agriculture Department releases weekly world production
+and trade report. (1500)
+    -- Agriculture Department releases survey on agricultural
+resources. (1500)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3709" NEWID="14726">
+<DATE> 7-APR-1987 17:44:20.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ EQ
+&#22;&#22;&#1;f2594&#31;reute
+u f BC-CBOE-CLOSING-ACTIVES   04-07 0081</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CBOE CLOSING ACTIVES
+
+  8,272 IBM APR 150      1 3/8   OFF  1 3/8
+  7,507 IBM APR 155        7/16  OFF    11/16
+  6,543 GM JUN 85        2 3/8   UP     1/8
+  3,940 IBM APR 145      3 1/4   OFF  2 1/2
+  3,716 ATT APR 25         3/16  UNCH
+  4,672 GENCP JUN 105P   3 1/4   UNCH
+  3,898 IBM APR 145P     2 1/8   UP   1
+  3,201 IBM APR 150P     5 3/8   UP   2 1/8
+  1,947 GENCP JUN100P    1 1/2   UP     3/8
+  1,548 IBM APR 140P       3/8   UP     1/8
+
+   ADVANCES  760       DECLINES1,164
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3710" NEWID="14727">
+<DATE> 7-APR-1987 17:46:35.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D><D>volcker</D><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2595&#31;reute
+b f BC-BAKER,-VOLCKER-MEET-W   04-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER, VOLCKER MEET WEST GERMAN OFFICIALS</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Treasury Secretary James Baker and
+Federal Reserve Board Chairman Paul Volcker held a meeting with
+senior West German monetary officials, including Finance
+Minister Gerhard Stoltenberg, Volcker said.
+    Volcker emerged after two-hours in the Treasury building
+but declined to comment on the subjects they discussed.
+    Stoltenberg, accompanied by other senior West German
+officials attending the spring meeting of the International
+Monetary Fund, left the Treasury without speaking to reporters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3711" NEWID="14728">
+<DATE> 7-APR-1987 17:46:44.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2596&#31;reute
+r f BC-LAC-&lt;LAC>-BOOSTING-EX   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAC &lt;LAC> BOOSTING EXPLORATION SPENDING</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>Lac Minerals Ltd's exploration spending
+will rise this year to 25 mln dlrs from 16.3 mln dlrs last
+year, the gold miner said in its annual report.
+    The 1987 budget involves 16 mln dlrs for advanced
+exploration on a tin project in New Brunswick, Bousquet mine
+number two in Quebec and the Ortiz property in New Mexico, and
+nine mln dlrs for pure exploration.
+    Total capital and exploration spending will rise this year
+to about 130 mln dlrs from 98 mln dlrs last year, with 77 mln
+dlrs of the 1987 amount set for the Page-Williams mine in
+Hemlo, Ontario, Lac said.
+    A decision is imminent on Lac's appeal of an Ontario court
+ruling last year ordering Lac to hand over Page-Williams to
+&lt;International Corona Resources Ltd>.
+    Lac's total 1986 gold production rose to 478,394 ounces
+from 265,925 ounces the previous year. Production excluding
+Page-Williams eased last year to 245,232 ounces from 255,556
+ounces in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3712" NEWID="14729">
+<DATE> 7-APR-1987 17:47:26.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2598&#31;reute
+r f BC-TRILON-DECLARES-STOCK   04-07 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRILON DECLARES STOCK DIVIDEND</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>&lt;Trilon Financial Corp> said it declared
+a stock dividend of one class A share for each two class A
+shares held, payable May 15 to shareholders of record on April
+30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3713" NEWID="14730">
+<DATE> 7-APR-1987 17:47:58.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2599&#31;reute
+r f BC-LAC-MINERALS-BOOSTING   04-07 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAC MINERALS BOOSTING EXPLORATION SPENDING</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>Lac Minerals Ltd's exploration spending
+will rise this year to 25 mln dlrs from 16.3 mln dlrs last
+year, the company said in its annual report.
+    The 1987 budget involves 16 mln dlrs for advanced
+exploration on a tin project in New Brunswick, Bousquet mine
+number two in Quebec and the Ortiz property in New Mexico, and
+nine mln dlrs for pure exploration.
+    Total capital and exploration spending will rise to about
+130 mln dlrs from 98 mln dlrs last year, with 77 mln dlrs of
+the 1987 amount set for the Page-Williams mine in Hemlo,
+Ontario, Lac said.
+    Lac's total 1986 gold production rose to 478,394 ounces
+from 265,925 ounces the previous year. Production excluding
+Page-Williams eased to 245,232 from 255,556 ounces in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3714" NEWID="14731">
+<DATE> 7-APR-1987 17:48:05.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2600&#31;reute
+r f BC-LOGICON-INC-&lt;LGN>-GET   04-07 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOGICON INC &lt;LGN> GETS CONTRACT ADD-ONS</TITLE>
+<DATELINE>    LOS ANGELES, April 7 - </DATELINE><BODY>Logicon Inc said it has received a
+12 mln dlr add-on contract, including options, to continue
+developing the Joint Analytic Warfare System for the
+Organization of the Joint Chiefs of Staff.
+    The new award increases the total contract value, including
+options, to over 13.8 mln dlrs, including two mln dlrs for the
+initial nine-month period and another ten mln dlrs in options
+over the next five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3715" NEWID="14732">
+<DATE> 7-APR-1987 17:48:22.99</DATE>
+<TOPICS><D>gas</D><D>crude</D><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2601&#31;reute
+u f BC-/API-SAYS-DISTILLATE,   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>API SAYS DISTILLATE, GASOLINE STOCKS UP IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Distillate fuel stocks held in
+primary storage rose by 628,000 barrels in the week ended April
+three to 106.96 mln barrels from a revised 106.33 mln the
+previous week, the American Petroleum Institute said.
+    In its weekly statistical bulletin, the oil industry trade
+group said gasoline stocks rose 2.29 mln barrels to 247.91 mln
+barrels from a revised 245.62 mln, and crude oil stocks were up
+8.52 mln barrels to 337.73 mln from a revised 329.21 mln.
+    It said residual fuel stocks rose 28,000 barrels to 38.25
+mln from a revised 37.98 mln barrels.
+    API said refinery runs in the week rose to 12.54 mln
+barrels per day from 12.21 mln and refinery use of operating
+capacity was 80.4 pct, up from 78.3 pct.
+    Crude oil imports in the week fell to 3.40 mln bpd from a
+revised 3.60 mln, API added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3716" NEWID="14733">
+<DATE> 7-APR-1987 17:49:18.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2603&#31;reute
+u f BC-REUTER-CANADA-BUSINES   04-07 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER CANADA BUSINESS HIGHLIGHTS</TITLE>
+<DATELINE>    WASHINGTON - </DATELINE><BODY>Lawmakers from Ontario asked their U.S.
+counterparts to exempt Canada from the mandatory trade
+retaliation provisions in a major trade bill being considered
+by the U.S. congress.
+    MONTREAL - Consolidated-Bathurst Inc said it expects
+improvement in the pulp and paper sector shown in the second
+half of 1986 to continue this year.
+    MONTREAL - Alcan Aluminium Ltd set up a new business
+development position in Europe to be managed by its
+Geneva-based Alcan Alumium S.A. unit.
+    TORONTO - Trilon Financial Corp said the Canadian
+government is sympathetic to Trilon's concerns about possible
+limits placed on its expansion by government proposals to
+deregulate financial institutions.
+    MONTREAL - Diamond-Bathurst Inc should return to
+profitability this year after reporting a 6.2 mln U.S. dlr loss
+in 1986, CB Pak Inc, which owns 45 pct of the company, said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3717" NEWID="14734">
+<DATE> 7-APR-1987 17:49:59.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f2604&#31;reute
+u f BC-REUTER-MONEY-NEWS-HIG   04-07 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER MONEY NEWS HIGHLIGHTS 2145 GMT APRIL 7</TITLE>
+<DATELINE>    WASHINGTON - </DATELINE><BODY>Japanese Finance Minister Kiichi Miyazawa said
+that he and U.S. Treasury Secretary James Baker were in
+agreement on the need for currency stability. (NRKI 1821)
+    WASHINGTON - Federal Reserve Board Chairman Paul Volcker
+said the performance of the dollar in exchange markets could be
+a factor in the U.S. central bank's decisions on monetary
+policy. (NRGG 1458)
+    NEW YORK - Firm oil prices and fears of renewed dollar
+declines sent both U.S. equities and bond prices tumbling, with
+the Dow Jones Industrial Average down 45 to 2361 and the key
+long bond down 1-3/32 to 95-1/32. (MRUA 2019, NYFK 2123)
+    NEW YORK - The dollar ended with modest net losses in a
+final bout of position-squaring ahead of tomorrow's crucial
+monetary talks in Washington. The dollar slipped to 145.60/70
+yen from 145.85/90 yesterday. (NYFD 2044)
+    WASHINGTON - U.S. consumer credit rose a seasonally
+adjusted 1.77 billion dlrs in February after a revised rise of
+789 mln dlrs in January, the Federal Reserve said. (NRKX 2024)
+    WASHINGTON - The Treasury said it will sell 13.2 billion
+dlrs of bills at its regular auction on April 13.(NRKV 2009)
+    NEW YORK - Gold bullion rose to 422.25/423.25 dlrs an ounce
+from 418.10/60 at the previous finish (MMGU 1926).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3718" NEWID="14735">
+<DATE> 7-APR-1987 17:50:15.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2605&#31;reute
+r f BC-FIRST-TORONTO-COMPLET   04-07 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST TORONTO COMPLETES ISSUE</TITLE>
+<DATELINE>    TORONTO, April 7 - </DATELINE><BODY>&lt;First Toronto Capital Corp> said it
+completed an issue of a five mln dlrs convertible debenture to
+Arcalex B.V., a Dutch corporation that owns 54.3 pct of First
+Toronto's outstanding common shares.
+    The debenture is convertible to one mln common shares of
+First Toronto for a period of five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3719" NEWID="14736">
+<DATE> 7-APR-1987 17:51:09.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2607&#31;reute
+u f BC-ALLEGHENY-&lt;AG>-PREFER   04-07 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY &lt;AG> PREFERED SHAREHOLDERS FILE SUIT</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Allegheny International Inc, which has
+agreed to a merge with a jointly-formed First Boston Inc
+affiliate in a deal worth 500 mn dlrs, said shareholders of its
+preferred stock have filed a class action complaint against the
+company.
+    The complaint alleges, among other things, that the company
+and its board agreed to pay First Boston an illegal seven mln
+dlr topping fee if it received a higher offer for the company
+prior to the buyout.
+    The suit contends that this fee hampers Allegheny's ability
+to attract other offers or take other actions that would
+benefit holders of preferred stock. The complaint also alleges
+federal securities laws violations and breach of fiduciary
+duty.
+    The suit requests an injunction against proceeding with the
+pending offer being made by Sunter Acquisition to acquire
+Allegheny. Sunter Acquisition Corp and Sunter Holdings Corp
+were formed by First Boston and Allegheny.
+    Allegheny said it and the Sunter concerns intend to
+vigorously defend the complaint's charges.
+    The complaints were filed by Robert Moss and other parties
+who are believed to own about 230,000 shares of Allegheny's
+preferred stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3720" NEWID="14737">
+<DATE> 7-APR-1987 17:51:45.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2609&#31;reute
+r f BC-CAPITAL-CITIES/ABC'S   04-07 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPITAL CITIES/ABC'S &lt;CCB> ABC TV IN DEAL</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Capital Cities/ABC's ABC Television
+Network said its Newsone news service reached a cooperative
+agreement with Potomac Telecommunications Group to offer
+ABC affiliates expanded coverage of Washington news.
+    Potomac will work with ABC to transmit stories at rates
+lower than current transmitting costs.
+    Potomac covers Washington for 150 stations. The deal
+affects about 219 ABC affiliates, and does not affect Potomac's
+other customers. The deal does not affect ABC's network news
+coverage, which is currently involved in a strike.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3721" NEWID="14738">
+<DATE> 7-APR-1987 17:56:51.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2612&#31;reute
+r f BC-TAP-AIR-PORTUGAL-SIGN   04-07 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAP AIR PORTUGAL SIGNS CONTRACT FOR AIRBUS</TITLE>
+<DATELINE>    HERNDON, VA, April 7 - </DATELINE><BODY>TAP Air Portugal said it signed a
+contract for three &lt;Airbus Industrie> A310-300 aircraft,
+confirming a commitment made in January.
+    Air Portugal said it has taken options on two further
+aircraft which may be either A310-300s or A340s.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3722" NEWID="14739">
+<DATE> 7-APR-1987 17:58:28.60</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2613&#31;reute
+d f AM-TRADE-LAWMAKERS   04-07 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIANS URGE EXEMPTION FROM U.S. TRADE BILL</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>A group of Canadian lawmakers from
+Ontario today asked their U.S. counterparts to exempt Canada
+from the mandatory trade retaliation provisions in a major
+trade bill being considered by the U.S. Congress.
+    At a meeting of the Northeast-Midwest Coalition, an
+organization of U.S. legislators, David Cooke, chairman of the
+Ontario Parliament's Select Committee on Economic Affairs, said
+the exemption would help trade relations.
+    The trade legislation to be considered by the full House in
+late April would require President Reagan to retaliate against
+foreign unfair trade practices unless the trade actions would
+harm the U.S. economy.
+    Currently, Reagan can reject trade sanctions on any
+grounds.
+    Cooke, a member of the Liberal party, told the U.S.
+congressmen, "I can understand (the trade bill). I think it has
+to do with concerns you have with the other parts of the world."
+    "I would suggest to you that we are your best friends. You
+do not have those concerns with Canada and you should sincerely
+consider exempting our country from that bill," he added.
+    Canada is the United States' largest trading partner, with
+two-way trade more than 113 billion dlrs in 1985, according to
+the coalition. But the U.S. ran up a 23 billion dlr deficit in
+manufactured goods that year compared to a 14 billion dlr
+surplus in services trade with its neighbour.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3723" NEWID="14740">
+<DATE> 7-APR-1987 17:58:38.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2614&#31;reute
+u f BC-u.s.-spot-products   04-07 0126</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S SPOT PRODUCTS--FINAL--APRIL 7 1745 EST
+    Spot oil product prices retraced early gains after the
+weekly api report. Products were down about 0.50 cent in the
+New York Harbor and 0.50 to 0.75 cent in the U.S. Gulf, traders
+said.
+    A build of 2.3 mln barrels in gasoline stocks and 628,000
+barrels in distillate stocks was perceived as bearish for
+product prices, they said. 
+    But even more bearish was the 8.5-mln-barrel increase in
+crude oil stocks and the 2.1 percentage point rise in the
+capacity at which u.s. refineries operated, traders said,
+adding that higher crude stocks and higher runs portend further
+increase in products stocks.
+    In usg, may unleaded gasoline traded at 50.75 cts, down
+0.75 cent after the api report, traders said.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3724" NEWID="14741">
+<DATE> 7-APR-1987 17:59:27.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2616&#31;reute
+d f BC-INTERFACE-&lt;IFSIA>-BEG   04-07 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERFACE &lt;IFSIA> BEGINS OFFERING</TITLE>
+<DATELINE>    LAGRANGE, Ga, April 7 - </DATELINE><BODY>Interface Flooring Systems Inc said
+it began a public offering of 2.8 mln shares of Class A stock
+at 21.25 dlrs a share.
+    Proceeds will be used to finance the acquisition of 50 pct
+of Debron Investments PLC and to reduce debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3725" NEWID="14742">
+<DATE> 7-APR-1987 18:06:45.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2620&#31;reute
+r f BC-CHEVRON-&lt;CHV>-LAUNCHE   04-07 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEVRON &lt;CHV> LAUNCHES PLATFORM OFF CALIFORNIA</TITLE>
+<DATELINE>    VENTURA, Calif., April 7 - </DATELINE><BODY>Chevron Corp's Chevron U.S.A.
+Inc said it has begun the installation of an oil drilling
+platform, called Platform Gail, in the Sockeye field, located
+in federal waters in the Santa Barbara Channel offshore
+southern California.
+    Chevron said a 25-mln dlr, eight leg platform jacket was
+launched from a barge Sunday and secured in position in 739
+feet of water.
+    Modules for crew quarters, drilling and production
+operations are to be completed later this year, the company
+said.
+    The three-deck platform, 11 miles west of Port Hueneme,
+will be equipped with 36 drilling slots, Chevron said.
+    Production from the first of 25 planned wells in the
+100-pct Chevron-owned field is slated to begin in early 1988,
+the company said.
+    The estimated total cost of the platform is 150 mln dlrs,
+Chevron said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3726" NEWID="14743">
+<DATE> 7-APR-1987 18:08:44.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2622&#31;reute
+r f BC-MARITRANS-L.P.-BEGINS   04-07 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARITRANS L.P. BEGINS OFFERING</TITLE>
+<DATELINE>    PHILADELPHIA, April 7 - </DATELINE><BODY>Maritrans GP Inc said it began an
+offering of 12.25 mln depositary units representing limited
+partnership interests of Maritrans Partners L.P. at 9.75 dlrs
+per unit.
+    After completion of the offering, Maritrans will own and
+operate the tug and barge business currently owned by Sonat
+Marine Inc and other subsidiaries of Sonat.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3727" NEWID="14744">
+<DATE> 7-APR-1987 18:10:06.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2623&#31;reute
+r f BC-AMERICAN-AGRONOMICS-C   04-07 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN AGRONOMICS CORP &lt;AGR> 2ND QTR FEB 28</TITLE>
+<DATELINE>    LAKE HAMILTON, Fla, April 7 -
+    </DATELINE><BODY>Shr profit one cts vs loss three cts
+    Net profit 641,000 vs loss 992,000
+    Revs 26.0 mln vs 19.0 mln
+    Six months
+    Shr profit six cts vs loss six cts
+    Net profit 2.8 mln vs loss 1.8 mln
+    Revs 39.0 mln vs 37.4 mln
+    NOTE:1987 six months includes gain of four cts from change
+in accounting principle.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3728" NEWID="14745">
+<DATE> 7-APR-1987 18:29:46.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2642&#31;reute
+r f BC-NASA-PICKS-BOEING-&lt;BA   04-07 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASA PICKS BOEING &lt;BA> FOR SYSTEM CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Boeing Co said the National
+Aeronautics and Space Administration selected it for
+negotiations leading to a contract for the Technical and
+Management System project in support of the Space Station
+program.
+    NASA's initial commitment is about 40 mln dlrs.
+    Under terms of the contract, Boeing will design and operate
+an information exchange network to support development of the
+proposed space station.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3729" NEWID="14746">
+<DATE> 7-APR-1987 18:30:51.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2643&#31;reute
+f f BC-******JAPAN-SEEKS-TO   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JAPAN SEEKS TO STRENGTHEN PARIS ACCORD ON CURRENCIES, JAPANESE OFFICIALS SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3730" NEWID="14747">
+<DATE> 7-APR-1987 18:32:18.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2645&#31;reute
+f f BC-******CURRENCY-TARGET   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CURRENCY TARGET ZONES WILL NOT BE DISCUSSED AT G-7 MEETING, JAPANESE OFFICIALS SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3731" NEWID="14748">
+<DATE> 7-APR-1987 18:32:41.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2646&#31;reute
+s f BC-REUTER-BUSINESS-NEWS   04-07 0307</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER BUSINESS NEWS HIGHLIGHTS, APRIL 7</TITLE>
+<DATELINE>    NEW YORK - </DATELINE><BODY>Stocks fell steeply from the 2400 level in an
+avalanche of selling unleashed by a jump in credit market
+interest rates and renewed fears that the dollar could fall
+further. After first extending the rally that hit an all-time
+closing high of 2405.54 Monday, the Dow Jones industrial
+average skidded 44.60 points to 2360.94, the fifth-largest
+point drop on record.
+    ---
+    WASHINGTON - Japanese Finance Minister Kiichi Miyazawa said
+he and U.S. Treasury Secretary James Baker were in agreement on
+the need for stable foreign exchange rates. Speaking after an
+hour-long meeting with Baker, Miyazawa also said he was
+satisfied with U.S. intervention to support the dollar against
+the yen. He expected the Group of Seven countries, which are
+due to meet tomorrow, to reaffirm the so-called Louvre accord
+to stabilize foreign exchange rates.
+    ---
+    NEW YORK - The dollar bounced higher near the close of
+trading as the stock and bond markets went into a steep slide,
+but most traders are awaiting results from top-level meetings
+in Washington before committing themselves.
+    ---
+    NEW YORK - Texaco Inc said it asked the Texas Court of
+Appeals to block enforcement of a 10.3 billion dlr judgment
+bond won by Pennzoil Co until appeals are decided. Texaco said
+Monday that if it had to pay the full bond it would be forced
+to seek protection under Chapter 11 of the Bankruptcy code.
+    ---
+    NEW YORK - AFG Industries Inc and Wagner and Brown ended
+their hostile bid to acquire GenCorp Inc after the company's
+dramatic announcement Monday of sweeping anti-takeover
+measures. GenCorp, a large diversified manufacturing concern,
+announced a 1.6 billion dlr, or 130 dlr a share, buyback of 54
+percent of its stock and the sale of its tire and soft drink
+bottling units.
+    ---
+    NEW YORK - A firm comprised of an E.F. Hutton Group unit and
+Purolator Courier Corp executives agreed to end its 268 mln dlr
+pact to buy Purolator, allowing Emery Air Freight Corp to
+proceed with its 306 mln dlr bid for the world's largest ground
+carrier. In response, Emery said it would renew its request for
+a merger with the Basking Ridge, N.J.-based courier service.
+    ---
+    NEW YORK - ITT Corp authorized the repurchase of 10 million
+shares of its common and preferred stock as part of a program
+to enhance its earnings and shareholder value. ITT also said it
+will redeem three series of its preferred stock.
+    ---
+    PARIS - Airbus Industrie, the European airplane
+manufacturer, said it would buy engines for its proposed A340
+wide-body jet from a joint-venture linking General Electric Co.
+and SNECMA of France. The move is a boost for GE's aerospace
+division and bad news for the International Aero Engine
+consortium. The IAE group was selected to provide engines for
+the A340 in December when an earlier GE engine was dropped for
+use in the plane. International Aero Engine includes the
+world's other leading engine manufacturers, Rolls-Royce, Pratt
+&amp; Whitney and Japan's Aero Engines.
+    ---
+    WASHINGTON - Michael Davidoff, head trader for Ivan
+Boesky's Seemala Corp, has consented to Securities and Exchange
+Commission penalities and agreed to help in its continuing
+investigation of insider trading, the SEC said. Davidoff
+recently pleaded guilty in federal court to violating the
+government's net capital requirements for brokers and traders.
+    ---
+    NEW YORK -  Several major computer companies launched new
+computers, with Italy's Olivetti becoming the first major firm
+to promise products to compete with International Business
+Machines' new personal computers launched last week. Motorola,
+Wang Laboratories, Unisys and Honeywell Bull all launched new
+products, although they were seen as only modest advances in
+product lines.
+    ---
+    NEW YORK - Avon Products Inc, one of the world's leading
+cosmetics manufacturers, said it will purchase Giorgio Inc,
+maker of the best-selling Giorgio perfume, for 185 mln dlrs  in
+cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3732" NEWID="14749">
+<DATE> 7-APR-1987 18:34:36.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2648&#31;reute
+r f AM-budget   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS MAY CONSIDER INCOME TAX TO SOLVE BUDGET WOES</TITLE>
+<AUTHOR>    By Peter Elsworth, Reuters</AUTHOR>
+<DATELINE>    DALLAS, April 7 - </DATELINE><BODY>The State of Texas, faced with a record
+5.8 billion dlr budget deficit over the next two years, may
+have to consider introducing income tax,economic analysts said.
+     Such a possibility was unthinkable a few years back when
+the state's enormous wealth from oil and gas revenues easily
+allowed Texans the luxury of paying no personal or corporate
+income tax.
+     However, last year's dramatic slump in oil prices not only
+sent the Texas economy into a tailspin, but cut heavily into
+the state's tax revenues.
+    Both Moody's Investor Services and Standard and Poor's cut
+their credit ratings of the state to double A from the top
+triple A in early March.
+    Moody's Vice President George W. Leung said it was the
+first time Texas' rating had been lowered since 1962, adding
+the report noted that while "the Legislature is now considering
+proposals to restore budget balance, medium term prospects for
+full recovery are weak."
+    With only a slight improvement in the economy seen by State
+Comptroller Bob Bullock, the Texas Legislature must grapple
+with a one billion dlr deficit by August 31 and another 4.8
+billion dlr deficit by the end of the next biennium. No other
+state in U.S. history has faced such a deficit.
+    "There is a strong independent streak in Texans and five
+years ago I would never have dreamed the State Legislature
+would institute an income tax," said George Bland, Assistant
+Professor of Political Science at North Texas State University,
+adding, "Now my contacts at the Legislature tell me it's
+coming, it's inevitable, it's only a matter of time."
+     State taxes on oil and gas production traditionally
+supplied as much as a third of the state's revenues.
+    However, that source has fallen to about 15 pct in recent
+years, and with last year's price slump, the state's dependence
+on sales taxes is approaching 50 pct.
+     Bland said he believes the Tax Reform Act will be a major
+factor in the state's decision because under it sales taxes are
+no longer deductible from federal income tax while state income
+tax is.
+    John Kennedy, senior research associate at the Austin-based
+Texas Research League said, "There is a great deal of popular
+sentiment against it, plus the first plank of Governor
+Clements' platform was no tax increases, let alone a new tax."
+    However, he said that since the oil price fall the state
+faced a choice of either instituting an income tax or
+broadening and possibly raising the sales tax.
+    Steve Pejovich, director of the Center for Free Enterprise
+at Texas A and M University and an opponent of income taxes,
+said he favored reforming the present tax system to take
+account of the changed structure of the economy.
+    "We should rely less on traditional sources, such as oil
+and agriculture and real estate and more on service industries,
+manufacturing and high-tech," Pejovich said.
+    Tony Proffitt, an aide to State Comptroller Bob Bullock
+said, "Bullock is opposed to an income tax, but has warned the
+Legislature that if they get tired of looking at everything
+else, that's the only option."
+    Apart from Texas, states which have no individual income
+tax are Alaska, Florida, Nevada, New Hampshire, South Dakota,
+Washington and Wyoming 
+    For the time being, Attorney General Jim Mattox has ruled
+that the Legislature may carry over the current one billion dlr
+deficit into the next biennium, even though the state
+consitution requires a balanced budget. But as State Treasurer
+Ann Richards said last Thursday, "Jim Mattox's decision today
+turns the heat down on the pressure cooker, but we must not
+think that the goose isn't still cooking."
+    Opponents to new or higher taxes argue in favor of spending
+cuts. But the state is already under pressure from a Federal
+District Court to clean up its overcrowded prison system -- or
+face 24 mln dlrs a month in fines.
+    And U.S. Education Secretary William Bennett has accused
+the state, among others, of lax education reform. Earlier this
+year, both houses of the Legislature, citing financial
+restraints as well as teacher morale, passed bills abandoning
+plans to require teachers to take competency tests.
+    Bland said he believes the state will set up a commission
+next year to "study alternative revenue sources," with an
+income tax being instituted as early as January 1989.
+    "If the political leaders are educated about (the effects
+of the Tax Reform Act), I think there will be a gradual drift
+toward income tax," he said.
+                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3733" NEWID="14750">
+<DATE> 7-APR-1987 18:35:24.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2649&#31;reute
+r f BC-GYNEX-&lt;GYNXU>,-SEARLE   04-07 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GYNEX &lt;GYNXU>, SEARLE END MARKETING PACT</TITLE>
+<DATELINE>    DEERFIELD, Ill., April 7 - </DATELINE><BODY>Gynex Inc said that Gynex Labs
+and G.D. Searle, a unit of Monsanto Co &lt;MTC>, have terminated
+the distribution agreement under which Searle had exclusive
+rights to market Gynex's line of generic oral contraceptives.
+    This means that Gynex Labs, 50 pct owned by Gynex and 50
+pct by Watson Laboratories, will not get remuneration under the
+distribution agreement beyond the 650,000 dlrs received from
+Searle in February and March 1986. This has been applied to the
+costs of inventories.
+    Searle and Gynex Labs will both bear costs involved with a
+product recall. Gynex Labs' cost is estimated at 900,000 dlrs,
+to be shared equally by Gynex Inc and Watson, it said.
+    The companies ended the agreement when it was determined
+that Searle's product line sales and marketing commitment would
+not allow it to commit the necessary resources for the relaunch
+of the Gynex line of oral contraceptives, Gynex said.
+    After launching the first two Gynex products in early
+February, Searle voluntarily recalled them in March as a
+preventive measure because a limited number of packages may
+have contained out of order or missing tablets.
+    Gynex has made changes that should prevent a recurrence of
+the problem, and is ready to reinitiate production, it said.
+Talks are underway with other potential distributors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3734" NEWID="14751">
+<DATE> 7-APR-1987 18:36:05.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2651&#31;reute
+h f BC-HELIG-MEYERS-CO-&lt;HMY>   04-07 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELIG-MEYERS CO &lt;HMY> INCREASES DIVIDEND</TITLE>
+<DATELINE>    RICHMOND, Va, APril 7 -
+    </DATELINE><BODY>Qtly div eight cts vs seven cts prior
+    Payable May 15
+    Record APril 29
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3735" NEWID="14752">
+<DATE> 7-APR-1987 18:36:35.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2653&#31;reute
+r f BC-HELIG-MEYERS-CO-&lt;HMY>   04-07 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELIG-MEYERS CO &lt;HMY> YEAR FEB 28</TITLE>
+<DATELINE>    RICHMOND, Va, APril 7 -
+    </DATELINE><BODY>Shr 1.30 dlrs vs 1.07 dlrs
+    Net 13.6 mln dlrs vs 10.2 mln
+    Revs 271.2 mln vs 182.3 mln
+    NOTE:1986 results reflect year 11 month period because
+company changed fiscal year to end February 28 from March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3736" NEWID="14753">
+<DATE> 7-APR-1987 18:37:49.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2656&#31;reute
+h f BC-NANOMETRICS-INC-&lt;NANO   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NANOMETRICS INC &lt;NANO> REDUCES WORKFORCE</TITLE>
+<DATELINE>    SUNNYVALE, Calif., April 7 - </DATELINE><BODY>Nanometrics Inc said it is
+reducing its domestic workforce of 141 people by about 17 pct.
+    The comapny said the action, coupled with other cost
+reduction measures, is intended to address the continuing slow
+sales of its semiconductor measurement and inspection
+equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3737" NEWID="14754">
+<DATE> 7-APR-1987 18:40:15.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2657&#31;reute
+r f AM-ARMS-STARWARS (EMBARGOED)  04-07 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE REPORT - REAGAN PLANS EARLY SDI DEPLOYMENT</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The Reagan administration is secretly
+developing plans for an early deployment of President Reagan's
+controversial "Star Wars" anti-missile system, according to a
+Senate study.
+    "Near-term deployment is an absurd and dangerous course for
+America," said Sen. Bennett Johnston in a statement issued with
+the report. "It would force us to break the bank, throw out the
+ABM treaty and commit us to an arms race in space."
+    The Reagan administration is engaged in an internal debate
+over the Strategic Defense Initiative (SDI), as the land and
+space-based anti-missile system is called, and may decide later
+this month to reinterpret the 1972 Anti-Ballistic Missile
+treaty to justify an acceleration of SDI research to include
+development and space testing.
+    Johnston, of Louisiana, and fellow Democrat William
+Proxmire of Wisconsin, whose staff prepared the report, accused
+the administration of covertly seeking early  deployment as a
+political ploy to commit the United States to strategic
+defenses even after Reagan leaves office in 1989.
+    "This report exposes the fact that without a presidential
+directive or congressional consent, the SDI program ... is
+being changed to pursue a near-term deployment of strategic
+defenses," Proxmire, chairman of the powerful Senate
+Appropriations Defense Subcommittee, said.
+    "In other words, they're covertly reorienting the SDI
+program without congressional approval."
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3738" NEWID="14755">
+<DATE> 7-APR-1987 18:41:42.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2662&#31;reute
+h f BC-KELLY-OIL-AND-GAS-PAR   04-07 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KELLY OIL AND GAS PARTNERS &lt;KLY> YEAR DEC 31</TITLE>
+<DATELINE>    HOUSTON, April 7 -
+    </DATELINE><BODY>Shr 36 cts vs 43 cts
+    Net 1.3 mln vs 1.7 mln
+    Revs 9.0 mln vs 7.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3739" NEWID="14756">
+<DATE> 7-APR-1987 18:43:02.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y F
+&#22;&#22;&#1;f2664&#31;reute
+d f BC-TRANS-CANADA-RESOURCE   04-07 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANS-CANADA RESOURCES WINS FILING EXTENSION</TITLE>
+<DATELINE>    CALGARY, Alberta, April 7 - </DATELINE><BODY>&lt;Trans-Canada Resources Ltd>
+said it received an Alberta court order extending to April 20
+from April six the filing of a plan of arrangement with the
+court under the Companies' Creditors Arrangement Act.
+    It said the order also extended the stay of legal
+proceedings against the company to May 20 and provided for
+shareholders' and creditors' meetings by May 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3740" NEWID="14757">
+<DATE> 7-APR-1987 18:45:00.39</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D><D>james-baker</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2666&#31;reute
+u f BC-JAPAN-SEEKS-TO-STRENG   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SEEKS TO STRENGTHEN PARIS CURRENCY ACCORD</TITLE>
+<AUTHOR>    By Hisanobu Ohse, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Japan will seek to strengthen the
+Paris accord on currency stability at the meeting of the group
+of seven leading industrial nations tomorrow, Japanese
+officials said.
+    However, the officials travelling with Japanese Finance
+Minister Kiichi Miyazawa and who asked not to be identified,
+would not provide any details of how they wanted the accord,
+which was signed by the six leading industrial democracies in
+February, to be strengthened.
+    Currency target zones, or reference ranges, will not be
+discussed at the G-7 meeting which is scheduled for tomorrow,
+the Japanese officials said.
+    The meeting, which is being held in conjunction with this
+week's International Monetary Fund/World Bank sessions, will
+reaffirm the currency pact and there is no need for changing 
+the language used in the Paris accord, the officials said.
+    Miyazawa met with U.S. Treasury Secretary James Baker early
+in this afternoon and discussed the dollar/yen exchange rates,
+officials said, but they declined to disclosed the details of
+that discussion.
+    The Japanese officials also declined to detail what
+Miyazawa and Baker discussed on the subject of greater joint
+intervention in currency markets to stabilize the dollar or on
+independent American intervention.
+    The officials said such a money market action to stabilize
+the dollar is not only for the benefit of Japan, which is
+suffering from a sharp appreciation in its currency, but also
+for the benefit of the United States as well.
+    As to U.S. urgings for Japan to take steps to boost its
+domestic demand to reduce its trade surplus, Japan will explain
+economic measures to the G-7, the officials said.
+    However, Miyazawa failed to outline the size of the
+Japanese economic package in his meeting with Baker today
+because the Japanese 1987/88 budget has not been authorized by
+the Diet, or parliament, despite the new fiscal year which
+started April one, the officials said.
+    Japan's ruling liberal democratic party revealed its own
+economic package today calling for more than 5,000 billion yen
+in additional spending.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3741" NEWID="14758">
+<DATE> 7-APR-1987 18:48:14.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2669&#31;reute
+r f BC-MOODY'S-SAYS-LOWER-RA   04-07 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S SAYS LOWER RATINGS SHOW 1987 DOWNTREND</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Moody's Investors Service Inc said the
+credit quality of corporate bond issuers continued to decline
+in first quarter of 1987.
+    Of all corporate ratings changes during the quarter, 66 pct
+were downgrades compared with 55 pct during all of 1986.
+    Moody's said downgrades led upgrades last quarter by two to
+one. It downgraded 50 companies, affecting 61 billion dlrs of
+debt and upgraded 25 companies, affecting 9 billion dlrs of
+debt.
+    It said more than half of the quarter's downgrades were in
+the industrial sector, affecting 25 billion dlrs of debt.
+    Moody's said that continued leveraged buyouts and
+restructuring among small and medium-sized companies will
+account for up to one-quarter of coporate debt downgrades.
+    Worldwide competition and overcapacity will continue to
+take its toll on industrial companies, Moody's added. It said
+intensifying competition in an environment of slow economic
+growth, Moody's predicts 2.5 pct worldwide growth in 1987, will
+lower returns and margins for many multinational firms.
+    Bank and finance company downgrades outpaced upgrades by 16
+to 6 respectively. It said this trend will continue because of
+Latin American debt problems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3742" NEWID="14759">
+<DATE> 7-APR-1987 18:49:13.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2671&#31;reute
+d f BC-COMSAT-&lt;CQ>-CHANGES-N   04-07 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMSAT &lt;CQ> CHANGES NAME OF HI-NET UNIT</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Communications Satellite Corp said it
+changed the name of its Hi-Net Communications unit to Comsat
+Video Enterprises to better reflect the nature of the unit's
+operations.
+    Comsat recently took full control of Hi-Net, which provides
+in-room entertainment to hotels by satellite, by acquiring
+Holiday Corp's &lt;HIA> 50 pct interest in the firm.
+    In addition, Comsat said it signed new seven-year contracts
+with LaQuinta Motor Inns Inc &lt;LQM> and &lt;Drury Inns Inc>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3743" NEWID="14760">
+<DATE> 7-APR-1987 18:50:44.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2673&#31;reute
+d f BC-AMERITRUST-&lt;AMTR>-INT   04-07 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERITRUST &lt;AMTR> INTRODUCES IRA FUND</TITLE>
+<DATELINE>    CLEVELAND, Ohio, April 7 - </DATELINE><BODY>Ameritrust Corp said it is
+introducing a pooled investment fund for IRA's and other
+retirement accounts, called the Collective INvestment
+Retirement Fund.
+    The fund will operate much like a mutual fund and will
+allow initial investments as low as 250 dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3744" NEWID="14761">
+<DATE> 7-APR-1987 18:51:41.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2674&#31;reute
+r f BC-TCW-CONVERTIBLE-SECUR   04-07 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TCW CONVERTIBLE SECURITIES &lt;CVT> SETS DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELES, April 7 - </DATELINE><BODY>TCW Convertible Securities Fund Inc
+said its board declared an initial quarterly dividend of three
+cents per share, payable April 30 to shareholders of record
+April 17.
+    TCW said it anticipates paying a regular quarterly
+dividend. The company made its initial public stock offering
+March five.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3745" NEWID="14762">
+<DATE> 7-APR-1987 18:52:17.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2675&#31;reute
+u f BC-AUSTRALIAN-DOLLAR-OPE   04-07 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN DOLLAR OPENS EASIER</TITLE>
+<DATELINE>    SYDNEY, April 8 - </DATELINE><BODY>The Australian dollar opened easier at
+0.7085/90 U.S. Dlrs but quickly breached the 0.7100 barrier in
+early trade.
+    Dealers said there was still strong support for the unit
+and forecast it would test its recent highs after shrugging off
+yesterday's selling pressure.
+    They said the dollar was better equipped to hold its
+current values as its U.S. Conterpart is significantly lower
+than the last time these levels were tested.
+    A trading range of 0.7080 to 0.7120 U.S. Dlrs is expected
+today.
+    In early Australian trade the US dollar was pegged at
+1.8253/63 marks and 145.40/50 yen from its New York closes of
+1.8270/80 and 145.60/70.
+    Dealers said the market had become sceptical about the
+resolve of the major trading nations to assist the U.S. Out of
+its twin deficit problems.
+    They forecast a quiet day for the currency.
+    The Australian dollar was firmer on the crossrates in early
+Australian trade at 1.2964 marks from 1.2918, 103.32 yen from
+103.15, 1.0763 swiss francs from 1.0732, 1.2391 NZ dlrs from
+1.2403, and 0.4392 sterling from 0.4361.              
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3746" NEWID="14763">
+<DATE> 7-APR-1987 19:00:01.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2676&#31;reute
+u f AM-DEFENSE   04-07 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE COMMITTEE SLASHES "STAR WARS" FUNDING</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>The House Armed Services Committee
+slashed President Reagan's funding request for the Strategic
+Defense Initiative (SDI), approving 1.7 billion dlrs less than
+he had proposed for the anti-missile program.
+    The committee, during its consideration of the 1988 defense
+authorization bill, also cut by more than half Reagan's request
+for a rail system for strategic missiles.
+    The proposals must be adopted by the full House and Senate
+before becoming law.
+    The committee approved 3.5 billion dlrs for SDI, a land-
+and space-based anti-missile defense program commonly known as
+"Star Wars." The amount was 1.7 billion dlrs less than the
+administration request of 5.2 billion dlrs.
+    The Reagan administration has requested a total of 312
+billion dlrs for defense in 1988, but congressional leaders
+have said that will be cut as part of a budget-trimming effort
+to reduce the huge federal deficit.
+    In other action today, the committee approved 250 mln dlrs
+for a rail system for inter-continental ballistic missiles, but
+did not specify which missile system. Supporters have said
+missiles on such a rail network would be less vulernable to
+attack than those in fixed underground silos.
+    The administration requested 590 mln dlrs specifically for
+a rail-mobile system for the 10-warhead MX missile. But many
+congressmen, including House Armed Services Chairman Les Aspin,
+a Wisconsin Democrat, favor a smaller mobile missile dubbed the
+"Midgetman."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3747" NEWID="14764">
+<DATE> 7-APR-1987 19:00:30.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2677&#31;reute
+r f BC-LIVERPOOL-COTTON-OUTL   04-07 0013</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LIVERPOOL COTTON OUTLOOK INDICES - APR 7
+ INDEX "A" 62.65
+ INDEX "B" 57.65
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3748" NEWID="14765">
+<DATE> 7-APR-1987 19:12:33.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2681&#31;reute
+u f BC-NYMEX-ESTIMATED-VOLUM   04-07 0109</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NYMEX ESTIMATED VOLUMES/APRIL 7 MONTH     CRUDE OIL     HEATING
+OIL    UNLEADED GASOLINE
+MAY       16,175          3,282               3,215     
+JUNE      15,789          2,493               3,449     
+JULY       7,175            793               1,358     
+AUGUST     2,665            325                 388     
+SEPTEMBER  1,403            159                 104     
+OCTOBER      136             40                  42     
+NOVEMBER     118              3                  19     
+DECEMBER     750             86                  33     
+JANUARY      170              2               -----     
+TOTAL     44,380          7,268               8,693     
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3749" NEWID="14766">
+<DATE> 7-APR-1987 19:22:10.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>ruding</D></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2683&#31;reute
+u f BC-RUDING-SAYS-BANKS,-DE   04-07 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUDING SAYS BANKS, DEBTORS SHOULD TAKE LEAD</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Dutch Finance Minister Onno Ruding
+said there was a growing feeling in the World Bank and the
+International Monetary Fund that commercial banks and debtor
+countries should take a greater lead in assembling new
+financing packages.
+    "The IMF and the Bank may be less inclined to put together
+large packages like Mexico," Ruding told reporters in a briefing
+on this week's semi-annual IMF and World Bank talks.
+    Ruding, who is also chairman of the IMF's policy-making
+Interim Committee, said he was reflecting a feeling within the
+two institutions.
+    Asked whether his comments reflected a feeling the
+institutions were being unduly pressured by the Reagan
+administration, Ruding replied "we should not go in the
+direction of politicisation of the two institutions."
+    Ruding said "no country large or small should push in that
+direction."  He said he expected commercial bank lending to
+debtors to come in for some criticism for the slow pace of
+lending recently. Ruding also said he did not expect any major
+initiatives to develop a larger commercial bank role in the
+debt strategy or any new proposals for dealing with the debt
+crisis itself.
+    In other remarks, Ruding said many countries supported a
+General Capital Increase for the World Bank and he expected
+Bank president Barber Conable also to express his support.
+    The U.S. has said it is opposed to a GCI at present.
+    Ruding said the Interim Committee Communique would support
+the use of indicators to assist multilateral surveillance but
+would stop short of supporting U.S. proposals for automatic
+consultations if indicators were sharply out of line with
+policy objectives. Monetary sources say the U.S. has suggested
+establishing "norms" or automatic triggers for consultations
+among industrial states if policies deviate from plan.
+    Currently the plan also has the support of France, the
+Netherlands and Italy while Britain, Japan and West Germany are
+all opposed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3750" NEWID="14767">
+<DATE> 7-APR-1987 19:38:46.24</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D><D>can</D><D>stg</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f2688&#31;reute
+u f BC-fin-futures-outlook   04-07 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURRENCY FUTURES TO KEY OFF G-5, G-7 MEETINGS</TITLE>
+<AUTHOR>    by Brad Schade, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>News of an agreement among G-5 and G-7
+finance ministers meeting in Washington this week will be key
+to the direction of currency futures at the International
+Monetary Market, but any such agreement will need to go beyond
+the Paris accord to stem the recent rise in futures, financial
+analysts said.
+    "If they (the finance ministers) give the market something
+really new to look at -- that is, some package that goes beyond
+the Paris agreement -- you could have a real boost in the
+dollar," said Shearson Lehman Brothers analyst Anne Mills.
+    On the other hand, "anything neutral would tend to be
+bearish for the dollar," Mills said.
+    Traders and analysts agree a simple reaffirmation of the
+Paris accord will not be enough to halt the decline in the
+dollar, nor will central bank intervention.
+    "A lot of people are looking for a reason to buy currencies
+and sell the dollar," said one trader for a large retail firm
+on the floor of the IMM.
+    "If there is no concrete resolution, they will be looking
+to sell the dollar, possibly down to the 1.80 mark level," he
+said.
+    Technically, most currency futures are poised for another
+rise, said Smith Barney Harris Upham analyst Craig Sloane.
+    Sloane noted that June yen futures set a new contract high
+on Tuesday and closed at its best level ever, while June
+sterling set a new contract high on Monday.
+    "Everything seems to be coming to a head right now and you
+don't need much to get things rolling," Sloane said.
+    In particular, the June Canadian dollar, for which Sloane
+recently put out a buy recommendation, has hovered in a range
+between 0.7600 and 0.7660 in recent weeks, forming a triangle
+on the charts from which it may soon break out on the upside.
+    A close above the contract high of 0.7665 would signal a
+breakout, Sloane said, and would likely mean the nearby
+Canadian dollar contract would extend its advance to near the
+0.7800 level. June Canadian dollar closed at 0.7656 Tuesday.
+    Mills noted, however, that interest rate differentials
+between Canadian securities and U.S. securities have narrowed
+dramatically recently, with yields on 10-year Canadian bonds
+only about 80 basis points above U.S. 10-year notes.
+    What has helped the Canadian currency, she noted, is an
+increasing proportion of foreign funds flowing into the
+Canadian equity market, particularly from Japanese investors.
+    Other analysts, however, said currency futures may be near
+the top of their long-term rally.
+    "Something will be done at the (G-5 and G-7) meeting to
+calm people," said David Horner of Merrill Lynch Economics.
+    The Paris accord has pretty much fixed where major European
+currencies will trade, Horner said.
+    But sterling futures may still make another run for new
+highs, up to 1.6300 to 1.6500 dlr in the June contract, on the
+positive atmosphere that will prevail before British elections
+and possibly another interest rate cut, Horner said. The June
+British pound closed at 1.6080 on Tuesday.
+    Horner said that new boundaries for the trading range of
+the yen are likely to come out of the G-5 and G-7 meetings.
+    The most likely range will be a bottom for the dollar
+between 140 to 142 yen per dollar and a top near 150 to 152
+yen, Horner said. In yen futures, the bottom of the dollar's
+range would be equivalent to 0.007100 to 0.007150 in the June
+contract. June yen closed at 0.006913 on Tuesday.
+    If such a range does emerge from the meetings, "we will
+have one more rally in the yen," Horner said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3751" NEWID="14768">
+<DATE> 7-APR-1987 19:59:49.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2694&#31;reute
+f f BC-******TEXACO-GETS-TEM   04-07 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEXACO GETS TEMPORARY RESTRAINING ORDER FROM TEXAS COURT AGAINST PENNZOIL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3752" NEWID="14769">
+<DATE> 7-APR-1987 20:19:03.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2700&#31;reute
+b f BC-TEXACO-&lt;TX>-GETS-TEMP   04-07 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> GETS TEMPORARY RESTRAINING ORDER</TITLE>
+<DATELINE>    NEW YORK, April 7 - </DATELINE><BODY>Texaco Inc said it obtained a temporary
+restraining order from the Texas court of appeals against
+Pennzoil Co &lt;PZL> taking action to enforce a multi-billion dlr
+judgment against Texaco.
+    A Texas jury last year found that Texaco interfered with
+Pennzoil's attempt to acquire Getty Oil Co last year and
+awarded Pennzoil more than 10 billion dlrs in damages.
+    Texaco said the temporary restraining order was a positive
+initial step.
+    A spokesman said arguments will begin in the Texas State
+Court of Appeal in Houston on April 13 on Texaco's request for
+relief from the full bond and lien requirement, which equal the
+amount of the judgment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3753" NEWID="14770">
+<DATE> 7-APR-1987 20:20:52.61</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D><D>trade</D><D>cpi</D><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2702&#31;reute
+b f BC-POEHL-WARNS-AGAINST-F   04-07 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POEHL WARNS AGAINST FURTHER DOLLAR FALL</TITLE>
+<DATELINE>    WASHINGTON, April 7 - </DATELINE><BODY>Bundesbank President Karl Otto Poehl
+said a weaker dollar would be risky and a further appreciation
+of the mark would damage prospects for sustained West German
+economic growth.
+    In a speech to the Institute of Contempory German Affairs
+here, Poehl said "It would be an extremely risky policy to aim
+for a further substantial decline in the value of the dollar to
+correct the trade deficit."
+    He said the United States could face a vicious circle of
+depreciation, inflation and more depreciation if it took that
+route.
+    Poehl noted West Germany had already taken steps to meet
+U.S. Demands for greater stimulation of its domestic economy,
+accelerating tax cuts, cutting interest rates and tolerating
+above-target money supply growth.
+    He said he would have been happy to have brought forward
+five billion marks of tax cuts now planned for January 1988 to
+the beginning of this year, but he said the government faced
+political constraints getting such measures through the upper
+house of the West German parliament.
+    But there were also limits to the impact West Germany could
+accept on exports from a rising mark, he said.
+    Poehl said West Germany relied on exports for about
+one-third of its gross national product, so a substantial
+erosion of export markets could not be offset by increasing
+demand at home.
+    "A further appreciation of the mark could even be an
+obstacle to further growth," he said.
+    Poehl said the Bundesbank had tolerated rapid money supply
+growth last year because the country enjoyed low inflation and
+because external factors, including low oil prices and
+favourable terms of trade, had given some extra leeway.
+    But Poehl said West Germany now faced a difficult dilemma
+over monetary policy.
+    The underlying rate of inflation was now two pct, not the
+reported negative inflation rates last year, and West Germany
+was affected more than before by exchange rate developments.
+    "For the time being, we will have to focus our policy more
+on the external side, and we can live with a more expansionary
+money supply. But we must be very careful," he said.
+    He said he shared some of the U.S. Concern about Japan's
+trade surpluses, which affected European countries as well as
+the United States.
+    Poehl welcomed the so-called Louvre accord of monetary
+officials of major industrialized countries, saying the
+importance of the February 22 agreement to stabilize exchange
+rates had been underestimated.
+    All partners had agreed that the dollar was at about the
+right level, and that further changes would damage growth, he
+said.
+    "This was a remarkable change in attitude, especially on the
+part of our American colleagues," he said.
+    But he said there was still a danger that the correction of
+the dollar's value could overshoot.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3754" NEWID="14771">
+<DATE> 7-APR-1987 20:24:33.93</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2703&#31;reute
+u f BC-N.Z.-UNEMPLOYMENT-RAT   04-07 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. UNEMPLOYMENT RATE 3.9 PCT IN DECEMBER QUARTER</TITLE>
+<DATELINE>    WELLINGTON, April 8 - </DATELINE><BODY>New Zealand's unemployment rate was
+3.9 pct of the workforce in the quarter ended December 31,
+unchanged from a revised 3.9 pct (preliminary 3.8 pct) in the
+previous quarter but slightly above 3.8 pct in the year-earlier
+quarter, the Statistics Department said.
+    The Department, citing the Household Labour Force Survey,
+said in a statement the number of unemployed in October-
+December 1986 was 61,500 against 60,500 in the September
+quarter and 60,500 a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3755" NEWID="14772">
+<DATE> 7-APR-1987 20:24:48.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;FQ
+&#22;&#22;&#1;f2704&#31;reute
+u f BC-TODAY   04-07 0105</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TODAY IN WASHINGTON FOR WEDNESDAY APRIL 8 (TIMES EST/GMT)
+    NO ECONOMIC INDICATORS...
+    PRESIDENT REAGAN MEETS U.S.-CANADA FREE TRADE GROUP
+(1000/1400), ADVISORY CMTE ON TRADE NEGOTIATIONS (1400/1800)..
+    BANK GROUP OF 5 FINANCE MINISTERS EXPECTED TO MEET IN
+MORNING; GROUP OF 7 EXPECTED TO MEET IN AFTERNOON. MINISTERS OF
+GROUP OF 24 ALSO MEET. COMMUNIQUE IS EXPECTED (NO TIMES)...
+    SENATE INTELLIGENCE CMTE TELEVISED HEARING INTO NOMINATION
+OF FBI DIRECTOR WEBSTER TO HEAD CIA (1000/1400)...
+    BUDGET DIRECTOR MILLER AT HOUSE APPROPRIATIONS SUBCMTE
+(1000/1400)...HOUSE OPENS DEBATE ON 1988 BUDGET PLAN
+(1000/1400)...
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3756" NEWID="14773">
+<DATE> 7-APR-1987 20:28:19.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2705&#31;reute
+u f BC-DOLLAR-OPENS-EASIER-I   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR OPENS EASIER IN TOKYO</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>The dollar opened easier against major
+currencies on underlying negative sentiment, but is likely to
+move marginally ahead of expected meetings of leading Finance
+Ministers in Washington this week, dealers said.
+    The dollar is expected to move between 145.00 and 145.60
+yen today as operators avoid taking big positions, despite low
+expectations from any Washington talks, dealers said. The
+dollar's upward potential looks limited as selling interest
+appears strong around 145.60 yen, they said.
+    The dollar opened at 145.33 yen against 145.60/70 in New
+York and 145.25 at the close here yesterday.
+    The dollar opened at 1.8245/50 marks against 1.8270/80 in
+New York. Sterling was unchanged from New York's 1.6175/85 dlr
+finish.
+    The market is generally sceptical about the outcome of any
+G-5 or G-7 meeting in Washington and the dollar is likely to
+come under selling pressure which could push it towards 140 yen
+if no significant measures to stabilise currencies emerge,
+dealers said.
+    They said Japan is expected to try to strengthen the Paris
+accord on currency stability, but added they expect
+disagreement between Japan and other nations.
+    Japanese officials travelling with Finance Minister Kiichi
+Miyazawa told Reuters the G-7 will meet today, but currency
+target zones or reference ranges will not be discussed.
+    The Bank of Japan bought a small amount of dollars shortly
+after the opening at around 145.30 yen, when a medium-sized
+trading house started to sell the dollar, dealers said.
+    The dollar opened at 1.5140/47 Swiss francs against
+1.5145/55 in New York.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3757" NEWID="14774">
+<DATE> 7-APR-1987 20:30:30.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2706&#31;reute
+b f BC-TOKYO-EXCH-OPG---APRI   04-07 0007</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO EXCH OPG - APRIL 08
+ US DLR 145.33/35
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3758" NEWID="14775">
+<DATE> 7-APR-1987 20:32:46.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2709&#31;reute
+u f BC-SYDNEY-GREASY-WOOL-CA   04-07 0042</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SYDNEY GREASY WOOL CASH SETT OPEN CONTRACT - April 8 the sydney
+greasy wool has been substituted by the greasy wool cash
+settlement quotes. APR      45 JUN      7 AUG      36 OCT     
+41 DEC      20 FEB      11 APR JUN AUG TOTAL    160 DELIVERABLE
+STOCK 36
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3759" NEWID="14776">
+<DATE> 7-APR-1987 20:33:03.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2710&#31;reute
+u f BC-N.ZEALAND-RESERVE-BAN   04-07 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.ZEALAND RESERVE BANK GIVES BOND TENDER DETAILS</TITLE>
+<DATELINE>    WELLINGTON, April 8 - </DATELINE><BODY>The Reserve Bank said it will offer
+400 mln N.Z. Dlrs in government bonds of two differing
+maturities at a 14 pct coupon at a bond tender on April 15.
+    The bank said it will offer 200 mln dlrs of bonds maturing
+March 1990 and 200 mln dlrs of bonds maturing July 1992.
+    The bond tender is the first for the fiscal year ending on
+March 31 1988. A full bond tender program for the year has not
+yet been announced.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3760" NEWID="14777">
+<DATE> 7-APR-1987 20:37:05.36</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2711&#31;reute
+f f BC-Bank-of-Japan-buys-do   04-07 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bank of Japan buys dollars shortly after opening at around 145.30 yen -- dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3761" NEWID="14778">
+<DATE> 7-APR-1987 20:42:11.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2713&#31;reute
+u f BC-AUSTRALIAN-EXCHANGES   04-07 0072</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AUSTRALIAN EXCHANGES - United States  0.7092     0.7058 United
+Kingdom 0.4395     0.4342 Canada         0.9297     0.9147
+France         4.3241     4.2544 W. Germany     1.3005    
+1.2798 italy          926.0000   909.0000 Japan         
+103.6300   101.9700 new zealand    1.2326     1.2262
+switzerland    1.0791     1.0618 90 DAY AIRMAIL BUYING RATES
+STG    0.4506    US DLR 0.7236 90 DAY FWD BUYING RATES STG   
+0.4313    US DLR 0.6926
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3762" NEWID="14779">
+<DATE> 7-APR-1987 20:46:16.53</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2714&#31;reute
+b f BC-BANK-OF-JAPAN-INTERVE   04-07 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES SOON AFTER TOKYO OPENING</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>The Bank of Japan bought a small amount of
+dollars shortly after the opening at around 145.30 yen, dealers
+said.
+    The central bank intervened as a medium-sized trading house
+sold dollars, putting pressure on the U.S. Currency, they said.
+    The dollar was also supported by a major electrical
+consumer goods company, which was a speculative dollar buyer at
+around 145.25 yen, they added.
+    The dollar opened at 145.33 yen against 145.60/70 in New
+York and 145.25 at the close here yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3763" NEWID="14780">
+<DATE> 7-APR-1987 20:56:38.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2716&#31;reute
+u f BC-U.S.-DOLLAR-OPENS-LOW   04-07 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DOLLAR OPENS LOWER IN HONG KONG</TITLE>
+<DATELINE>    HONG KONG, April 8 - </DATELINE><BODY>The U.S. Dollar opened slightly lower
+in moderately active trading as bearish sentiment persisted,
+dealers said.
+    They said the selling pressure was light ahead of expected
+meetings of leading finance ministers in Washington this week.
+Participants tended to keep their positions small and Bank of
+Japan intervention shortly after Tokyo's opening at around
+145.30 yen failed to have a strong impact on the market, they
+said.
+    The dollar opened at 1.8247/57 marks against New York's
+1.8270/80 close and the 1.8205/15 finish here yesterday.
+    The dollar opened at 145.40/50 yen but weakened to near
+145.30 when the Bank of Japan intervened. It finished at
+145.60/70 in New York and 145.15/20 here yesterday.
+    Dealers said the dollar appeared to be holding comfortably
+above the critical 145 yen level now as yesterday's attempt to
+break that level failed for lack of momentum. But the markets
+generally are not expecting much from the Washington talks
+today, they added.
+    The dollar is expected to stay within a tight range today
+with considerable selling pressure at the 145.60 yen and 1.8270
+mark levels, dealers said.
+    Dealers said supportive remarks yesterday from Federal
+Reserve chairman Paul Volcker and Japanese Finance Minister
+Kiichi Miyazawa were ignored as players squared positions.
+    Volcker told a Congressional committee the dollar's fall so
+far should be "large enough ... To support widespread
+expectations of a narrowing in the real trade deficit in the
+period ahead."
+    Miyazawa, after meeting Treasury Secretary James Baker,
+said they agreed on the need for currency stabilization and
+that he was satisfied with the role the U.S. Has played in
+supporting the dollar since the February Paris accord.
+    Sterling opened at 1.6182/92 dlrs against New York's
+1.6175/85 close and the 1.6200/10 finish here yesterday.
+    Dealers said sterling sentiment remains positive as the
+ruling Conservative party maintained its lead in opinion polls.
+But they said technical selling may depress it to 1.6150.
+    The Hong Kong dollar opened at 7.8005/25 against its U.S.
+Counterpart compared with yesterday's 7.8015/35 close.
+    Local interest rates tended easier with overnight opening
+at four 3-1/2 pct against yesterday's 4-1/2 four pct close.
+    Asian dollar rates were steady with three months opening
+unchanged at 6-1/2 3/8 pct.
+    The dollar started at 1.5147/57 Swiss francs against New
+York's 1.5145/55 close and the 1.5137/47 finish here yesterday,
+and at 6.0690/0720 French francs against 6.0780/0810 and
+6.0600/20.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3764" NEWID="14781">
+<DATE> 7-APR-1987 20:58:10.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2717&#31;reute
+u f BC-TOKYO-RUBBER-(YEN-PER   04-07 0058</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO RUBBER (YEN PER KILO) - APRIL 08
+          PREV     OPG    1045    1345    1445    CLSG  
+OPN/INT
+ APR     122.3    122.3
+ MAY     124.3    123.5
+ JUN     125.2    124.6
+ JUL     125.7    125.4
+ AUG     126.7    125.9
+ SEP     126.9    126.7
+ OCT     126.7    126.6
+ NOV     127.5    127.8
+ DEC     127.8    128.2
+ T/O     1,341
+ OPN/TTL27,565
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3765" NEWID="14782">
+<DATE> 7-APR-1987 21:01:36.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2719&#31;reute
+u f BC-BANK-OF-TOKYO-SPOT-RA   04-07 0009</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BANK OF TOKYO SPOT RATE - APRIL 08 US DLR  144.30/146.30
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3766" NEWID="14783">
+<DATE> 7-APR-1987 21:29:59.63</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f2724&#31;reute
+u f BC-JAPAN-RUBBER-STOCKS-F   04-07 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN RUBBER STOCKS FALL IN MARCH</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Japan's rubber stocks fell to 44,980
+tonnes in March from 46,198 in February and from 53,784 in
+March 1986, the Japan Rubber Trade Association said.
+    The stocks (in tonnes), with February and year-earlier
+comparisons, were -
+                    March 87  Feb 87    March 86
+    Crude Rubber     41,536   42,094     49,551
+    Synthetic         3,334    3,978      4,044
+    Latex               110      126        189
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3767" NEWID="14784">
+<DATE> 7-APR-1987 21:33:32.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f2725&#31;reute
+u f BC-HONG-KONG-GOLD-OPG--   04-07 0029</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+HONG KONG GOLD OPG - APR 8
+ local mkt (99.00 fine hk dlrs per tael)
+ 3,930.00 (prev clsg 3,904.00)
+ international mkt (99.5 fine us dlrs per ounce)
+ 422.80/423.20 (420.00/420.50)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3768" NEWID="14785">
+<DATE> 7-APR-1987 21:40:36.28</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2727&#31;reute
+u f BC-SOUTH-KOREAN-WON-FIXE   04-07 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREAN WON FIXED AT 25-MONTH HIGH</TITLE>
+<DATELINE>    SEOUL, April 8 - </DATELINE><BODY>THE BANK OF KOREA SAID IT FIXED THE
+MIDRATE OF THE WON AT 844.30 TO THE DOLLAR, ITS HIGHEST LEVEL
+SINCE FEBRUARY 26, 1985, WHEN IT WAS 843.90.
+    THE WON WAS SET at 845.50 YESTERDAY.
+    THE WON HAS RISEN 2.03 PCT AGAINST THE DOLLAR SO FAR THIS
+YEAR, AFTER RISING 3.34 PCT IN 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3769" NEWID="14786">
+<DATE> 7-APR-1987 21:47:14.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M
+&#22;&#22;&#1;f2730&#31;reute
+r f BC-TOKYO-GOLD-FUTURES-OP   04-07 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO GOLD FUTURES OPEN SLIGHTLY FIRMER</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Yen-denominated gold futures opened mostly
+firmer, with contracts unchanged to eight yen per gram higher,
+after falls yesterday, dealers said.
+    Gold closed stronger and near the day's highs in New York
+yesterday, underpinned by a buoyant silver market, they noted.
+    This generated sporadic buying at the opening here but
+investors continue to focus interest on the silver market, they
+said.
+    International bullion firmed to 423.00/423.50 dlrs an ounce
+from 422.25/3.25 in New York.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3770" NEWID="14787">
+<DATE> 7-APR-1987 21:48:47.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2731&#31;reute
+u f BC-SINGAPORE-ASIAN-DLR-D   04-07 0056</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE ASIAN DLR DEPOSIT 0930 - APRIL 8 WED/THURS     6-5/16
+6-3/16 THURS/FRI     6-3/8 6-1/4 7 DAYS FIX    6-3/8 6-1/4 ONE
+MTH       6-7/16 6-5/16 TWO MTHS      6-1/2 6-3/8 THREE MTHS   
+6-9/16 6-7/16 FOUR MTHS     6-5/8 6-1/2 FIVE MTHS     6-5/8
+6-3/4 SIX MTH       6-11/16 6-9/16 NINE MTHS     6-3/4 6-5/8
+TWELVE MTHS   6-7/8 6-3/4
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3771" NEWID="14788">
+<DATE> 7-APR-1987 21:53:45.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2732&#31;reute
+u f BC-TOKYO-RUBBER-BUYER-SE   04-07 0098</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO RUBBER BUYER-SELLER - APRIL 08
+       FRESH/SELL LIQUIDATION  FRESH/BUY SHORT/COVER
+    APR         7       56          1       62 (AS OF APRIL 07
+    MAY        26       12          5       33  LOT-FIVE
+TONNES)
+    JUN        30       59         14       75
+    JUL        22       42          1       63
+    AUG        30       29        NIL       59
+    SEP        99       81         12      168
+    OCT       132       68         27      173
+    NOV       189      152         59      282
+    DEC       272       35        244       63
+    TOTAL     807      534        363      978
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3772" NEWID="14789">
+<DATE> 7-APR-1987 21:57:38.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2733&#31;reute
+u f BC-TOKYO-RUBBER-(YEN-PER   04-07 0127</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO RUBBER (YEN PER KILO) - APRIL 08
+          PREV     OPG    1045    1345    1445    CLSG  
+OPN/INT
+ APR     122.3   122.3   122.3                            1,613
+ MAY     124.3   123.5   123.6                            3,832
+ JUN     125.2   124.6   124.6                            2,640
+ JUL     125.7   125.4   125.6                            2,398
+ AUG     126.7   125.9   126.0                            2,405
+ SEP     126.9   126.7   126.8                            3,008
+ OCT     126.7   126.6   127.4                            3,967
+ NOV     127.5   127.8   128.7                            6,307
+ DEC     127.8   128.2   128.4                            1,224
+ T/O     1,341     225
+ OPN/TTL27,565                                            27,394
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3773" NEWID="14790">
+<DATE> 7-APR-1987 22:03:42.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2734&#31;reute
+u f BC-HONG-KONG-GOLD-1000--   04-07 0029</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+HONG KONG GOLD 1000 - APR 8
+ local mkt (99.00 fine hk dlrs per tael)
+ 3,929.00 (prev clsg 3,904.00)
+ international mkt (99.5 fine us dlrs per ounce)
+ 422.75/423.25 (420.00/420.50)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3774" NEWID="14791">
+<DATE> 7-APR-1987 22:05:31.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2736&#31;reute
+u f BC-HONG-KONG-TERM-MONEY   04-07 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG TERM MONEY 1000 - APR 8</TITLE>
+<DATELINE> overnight     4 1/4 - </DATELINE><BODY>3 3/4
+ one month     4 13/16 - 4 11/16
+ two months    5 1/16 - 4 15/16
+ three months  5 1/8 - 5
+ six months    5 7/16 - 5 5/16
+ 12 months     6 - 5 3/4
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3775" NEWID="14792">
+<DATE> 7-APR-1987 22:06:52.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2737&#31;reute
+u f BC-Manila-copra---april   04-07 0052</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Manila copra - april 8 copra (u.S. Dlrs per tonne cif europe)
+junjul 270 slrs coconut oil (u.S. Dlrs per long ton/cif europe)
+afloat 380 junjul 415 julaug 425 422.50 420 417.50 430 traded
+afloat 375 aprmay 390 395 392.50 mayjun 400 405 junjul 415 
+slrs   405  byrs julaug 422.50 420 425 slrs 417.50 byrs e a s I
+e r
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3776" NEWID="14793">
+<DATE> 7-APR-1987 22:08:11.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f2738&#31;reute
+u f BC-GOLD-OPENS-FIRMER-IN   04-07 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLD OPENS FIRMER IN HONG KONG</TITLE>
+<DATELINE>    HONG KONG, April 8 - </DATELINE><BODY>Gold opened firmer in fairly active
+trading on continued buying interest and light short covering
+following the sharp rise in New York, dealers said.
+    They said gold drew its strength from the buoyant silver
+market which has been underpinned by speculative purchases.
+    The metal opened at 422.80/423.20 U.S. Dlrs an ounce
+against New York's 422.25/423.25 close and the 420.00/50 finish
+here yesterday.
+    On the local market gold opened 26 H.K. Dlrs higher at
+3,930 H.K. Dlrs a tael.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3777" NEWID="14794">
+<DATE> 7-APR-1987 22:09:36.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2739&#31;reute
+u f BC-SPOT-RATES-FROM-BANK   04-07 0122</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SPOT RATES FROM BANK OF TOKYO - APRIL 08
+         TTS    TTB          TTS    TTB            TTS    TTB
+ USD   146.30 144.30  NKR   21.65  20.95  P.ESC    1.06   1.00
+ CAN.D 112.81 109.61  SKR   23.32  22.42  BAHT     5.74   5.58
+ STG   239.10 231.10  AUD  105.95 100.95  I.RUP   11.85  11.11
+ DMK    80.21  78.81  NZD   86.24  81.14  P.RUP    8.85   8.45
+ SFR    96.87  95.07  LIT   11.48  10.88  KW.D   540.43 524.43
+ FFR    24.32  23.52  ASC   11.49  11.19  S.RL    39.55  37.95
+ DGL    71.12  69.92  HKD   19.06  18.20  UA.D    40.24  38.88
+ BFR.C 389.10 380.50  RIN   59.15  57.49  Q.RL    40.60  39.24
+ BFR.F 388.68 378.48  SIN   68.85  67.19  ECU    167.85 162.85
+ DKR    21.47  20.77  PTS  115.77 111.97  RBL    229.91 226.91
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3778" NEWID="14795">
+<DATE> 7-APR-1987 22:14:14.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2740&#31;reute
+u f BC-SPOT-AND-FORWARDS-RAT   04-07 0099</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SPOT AND FORWARDS RATES FROM BANK OF TOKYO - APRIL 08
+ SPOT
+      TTS    TTB    A/S    30D    60D    90D   120D   150D
+    146.30 144.30 143.87 142.83 141.78 140.73 139.67 138.62
+ FORWARD
+            MAR/87  APR/87  MAY/87  JUN/87  JUL/87  AUG/87
+    USD TTS 146.80  146.70  146.40  146.00  145.70  145.40
+        TTB 143.50  143.20  142.80  142.50  142.10  141.80
+    STG TTS 238.32  237.68  236.57  235.32  234.29  233.43
+       TTB 230.80  229.68  228.41  227.42  226.38  225.44
+    DMK TTS  80.65   80.77   80.80   80.77   80.79   80.81
+        TTB  78.36   78.30   78.25   78.25   78.23   78.24
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3779" NEWID="14796">
+<DATE> 7-APR-1987 22:15:48.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f2742&#31;reute
+b f BC-SINGAPORE-RUBBER-OPEN   04-07 0030</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER OPENING - APRIL 8
+ NOMINAL
+ ONES MAY  195.25 195.75 (PREV CLSG 195.50 196.00)
+     JUNE  192.50 193.00 (192.50 193.00)
+   PROMPT  198.75 199.75 (199.00 200.00 NOM)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3780" NEWID="14797">
+<DATE> 7-APR-1987 22:17:44.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f2743&#31;reute
+u f BC-SYDNEY-FINANCIAL-FUTU   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYDNEY FINANCIAL FUTURES OPEN MIXED</TITLE>
+<DATELINE>    SYDNEY, April 8 - </DATELINE><BODY>A sharp overnight fall on Wall Street due
+to profit taking and arbitrage related selling and a subsequent
+local share market slump led to a steep drop in most share
+price index contracts, dealers said.
+    They said domestic credit futures were higher, however, in
+response to lower yields in short term money markets as the
+Australian dollar firmed and cash weakened.
+    Comex-linked gold futures were higher as a result of rises
+in bullion. International credit futures were steady in
+extremely thin trade.
+    June share price index futures opened lower at 1,730.0
+against yesterday's 1,735.5 close in moderate trade. September
+was slightly higher at 1,741.0 against 1,737.0 in thin trade.
+About 950 lots changed hands.
+    Dealers said the market, which seemed to lose its momentum
+late yesterday, reacted badly to the 45 point drop in the Dow
+Jones index. The all ordinaries index dropped 10.3 points to
+1,743.7 at mid-morning with losses across the board.
+    June 90 day bank bills rose to 85.23 from yesterday's 85.16
+close. September rose to 85.32 from 85.25. About 3,054
+contracts were traded.
+    Physical yields eased to 15.40 pct from 15.50.
+    June 10-year bond futures, the only month to trade, were
+higher at 86.92 against yesterday's 86.87 finish. About 5,433
+lots were exchanged.
+    March 1997 paper was 13.09 pct, down from 13.11.
+   June Comex-linked gold futures started strongly at 427.50
+U.S. Dlrs an ounce, up from 426.20 in New York and yesterday's
+close of 425.00. Only two lots were traded.
+    June U.S. T-bonds started at 97.02, down from a Chicago
+finish of 97.08 and a close of 97.27, with 20 lots traded. June
+Eurodollars were steady with only five lots exchanged.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3781" NEWID="14798">
+<DATE> 7-APR-1987 22:18:37.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2744&#31;reute
+u f BC-kuala-lumpur-rubber-r   04-07 0009</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Kuala lumpur rubber rss ones open position of april 7
+ nil
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3782" NEWID="14799">
+<DATE> 7-APR-1987 22:20:13.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2746&#31;reute
+u f BC-U.S.-INTEREST-RATE-FU   04-07 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. INTEREST RATE FUTURES OPEN SLIGHTLY LOWER</TITLE>
+<DATELINE>    SINGAPORE, April 8 - </DATELINE><BODY>U.S. Interest rate futures opened
+slightly lower on underlying weakness of the U.S. Dollar,
+dealers said.
+    Sentiment was also dampened by a firmer federal funds rate
+and stable oil prices. Remarks by Federal Chairman Paul Volcker
+and Japanese Finance Minister Kiichi Miyazawa on the need for
+foreign exchange stability had little impact on the market,
+they said.
+    June eurodollar opened at 93.26 below Chicago's close of
+93.29 and September at 93.18 below 93.21 with around 720 lots
+traded.
+    June T-bond futures opened at 97.02 below Chicago's close
+of 97.08 on early turnover of 15 lots.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3783" NEWID="14800">
+<DATE> 7-APR-1987 22:20:18.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2748&#31;reute
+u f BC-kuala-lumpur-rubber-o   04-07 0015</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Kuala lumpur rubber opg call - april 8 rss ones (in order
+byr/slr/last trd/sales)
+ all unquoted
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3784" NEWID="14801">
+<DATE> 7-APR-1987 22:21:51.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2750&#31;reute
+u f BC-kuala-lumpur-smr-20-o   04-07 0008</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Kuala lumpur smr 20 open position of april 7
+ n I l
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3785" NEWID="14802">
+<DATE> 7-APR-1987 22:22:04.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2751&#31;reute
+u f BC-SIMEX-CURRENCY-FUTURE   04-07 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIMEX CURRENCY FUTURES EASE IN EARLY TRADING</TITLE>
+<DATELINE>    SINGAPORE, April 8 - </DATELINE><BODY>Simex currency futures eased in early
+dealings, after a higher opening in quiet and cautious trading,
+dealers said.
+    They said operators were unwilling to take large positions
+ahead of the expected group of seven ministers meeting in
+Washington today.
+    Participants also were cautious because of persistent Bank
+of Japan dollar buying intervention, with dollar supportive
+comments by Federal Reserve chairman and Japan's Finance
+Minister having little impact, dealers said.
+    June mark eased to around 0.5500 dlrs from a 0.5510 opening
+and Chicago's 0.00501 and yen to 0.006910 against 0.006920 and
+0.006913. About 200 lots of mark and 65 lots of yen were
+traded.
+    June Sterling was indicated at 1.6075/85 dlrs against
+Chicago's 1.6080 with no business seen in the first trading
+hour.
+    Speculative buying helped Nikkei Stock Average Index
+futures to firm in early trading, after a lower opening
+following weaker New York stock market. June firmed  to 22,920
+from a 22,550 low and 22,895 here yesterday with about 400 lots
+exchanged.
+    Gold futures remained idle. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3786" NEWID="14803">
+<DATE> 7-APR-1987 22:22:29.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2753&#31;reute
+u f BC-SINGAPORE-RUBBER-1020   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER 1020 QUIET - APRIL 8
+ NO 1 RSS MAY  195.25 195.75 (UNCH)
+          JUNE 192.50 193.00
+        PROMPT 198.75 199.75
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3787" NEWID="14804">
+<DATE> 7-APR-1987 22:23:12.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2754&#31;reute
+u f BC-kuala-lumpur-rubber-o   04-07 0015</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Kuala lumpur rubber opg call - april 8 smr 20 (in order
+byr/slr/last trd/sales) all unquoted
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3788" NEWID="14805">
+<DATE> 7-APR-1987 22:33:14.30</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f2755&#31;reute
+u f BC-NIPPON-MINING-LOWERS   04-07 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON MINING LOWERS COPPER PRICE</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Nippon Mining Co Ltd said it lowered its
+selling price for electrolytic copper by 10,000 yen per tonne
+to 260,000, effective immediately.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3789" NEWID="14806">
+<DATE> 7-APR-1987 22:42:00.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2757&#31;reute
+u f BC-SINGAPORE-RUBBER-1045   04-07 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER 1045 SLIGHTLY STEADIER - APRIL 8
+ NO 1 RSS  MAY   196.00 196.50 (UP 0.75)
+           JUNE  193.00 193.50
+         PROMPT  199.50 200.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3790" NEWID="14807">
+<DATE> 7-APR-1987 22:44:27.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2758&#31;reute
+u f BC-AUSTRALIAN-WHEAT-EXPO   04-07 0069</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AUSTRALIAN WHEAT EXPORT PRICES - apr 08 IN U.S. DOLLARS PER
+TONNE, FOB EASTERN STATES.
+     AUST STANDARD   AUST PRIME HARD
+    WHITE   HARD  13 PCT  14 PCT APR 116.00  124.50  129.00 
+136.00 MAY 116.00  124.50  128.00  136.00 JUN 117.00  122.50 
+125.50  135.50 JUL 117.00  122.50  125.50  135.50 AUG 117.00 
+122.50  125.50  135.00 SEP 117.00  122.50  125.50  135.00
+    PRICES VALID UNTIL 1700 EASTERN AUSTRALIA TIME.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3791" NEWID="14808">
+<DATE> 7-APR-1987 22:45:38.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2759&#31;reute
+u f BC-AUSTRALIAN-WHEAT-INDI   04-07 0065</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+AUSTRALIAN WHEAT INDICATIVE BASIS QUOTES - apr 08 MELBOURNE apr
+27 - 11.30 AM LOCAL IN US CENTS PER BUSHEL FOB EASTERN STATES
+WITH ASW OVER RESPECTIVE CHICAGO FUTURES AND PRIME HARD OVER
+KANSAS CITY FUTURES. VALID S.E. ASIA AND JAPAN.
+         ASW   PRIME HARD
+    APR  27        98
+    MAY  43       108
+    JUN  46       107
+    JUL  46       105
+    AUG  46       103
+    SEP  40        98
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3792" NEWID="14809">
+<DATE> 7-APR-1987 23:03:04.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f2762&#31;reute
+u f BC-REUTER-WORLD-NEWS-HIG   04-07 0182</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER WORLD NEWS HIGHLIGHTS 0300 GMT - APRIL 8</TITLE>
+<DATELINE>    WASHINGTON - </DATELINE><BODY>President Reagan ordered a high-level review
+of U.S. Embassy security amid rising concern over a sex-and-spy
+scandal in the Moscow embassy which he said had wide
+implications. At the same time he said Soviet diplomats will
+not be allowed to use their new embassy in Washington until the
+U.S. Embassy in Moscow was made secure.
+    BAHRAIN - Iranian forces have renewed their assault on
+Iraqi lines defending the southern city of Basra and gained
+what Baghdad described as "footholds" on Iraqi territory.
+    BEIRUT - Syria intervened to halt months of fighting over
+Palestinian refugee camps besieged by Amal militia.
+    CAIRO - The ruling National Democratic Party of President
+Hosni Mubarak took 75 pct of the seven mln votes cast in
+Monday's general election, but incomplete official results
+indicated some Socialist and Moslem Brotherhood gains.
+    WASHINGTON - U.S. And NATO forces are monitoring what seems
+to be the largest deployment of Soviet attack submarines in the
+Western Atlantic since 1985, the Pentagon said.
+    ROME - Partners in Italy's collapsing coalition government
+headed for a showdown in a parliamentary vote of confidence.
+    PARIS - France's conservative government won as expected a
+parliamentary vote of confidence sought by Prime Minister
+Jacques Chirac on his general policies.
+    ROME - Israeli Foreign Minister Shimon Peres discussed the
+Middle East with Palestinian and Soviet officials at a
+Socialist International committee meeting here.
+    WASHINGTON - Jordanian Prime Minister Zaid al-Rifa'i said
+he had made progress in talks with U.S. Secretary of State
+George Shultz on the possibility of convening an international
+conference on Middle East peace.
+    BELFAST - A British soldier was shot and seriously hurt in
+Northern Ireland and buses and lorries were hijacked and set on
+fire after mourners clashed with police at an Irish Republican
+Army funeral.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3793" NEWID="14810">
+<DATE> 7-APR-1987 23:03:21.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2763&#31;reute
+b f BC-malaysian-rubber-opg   04-07 0018</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+Malaysian rubber opg - april 8 quiet ones may  228.00  230.00
+(prev same)
+     Jne  228.00  230.00 (prev same)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3794" NEWID="14811">
+<DATE> 7-APR-1987 23:07:08.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2764&#31;reute
+u f BC-ASIAN-DOLLAR-DEPOSITS   04-07 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIAN DOLLAR DEPOSITS OPEN QUIETLY MIXED</TITLE>
+<DATELINE>    SINGAPORE, April 8 - </DATELINE><BODY>Asian dollar deposit rates opened
+narrowly mixed in quiet trading, dealers said.
+    They said the market ignored dollar supportive comments by
+U.S. Federal Reserve Chairman Paul Volcker and Japanese Finance
+Minsiter Kiichi Miyazawa.
+    The U.S. Federal Reserve's addition of temporary reserves
+via two-day system repurchase agreements when fed funds were
+trading at 6-1/8 pct also had little effect on the market.
+    Short-dates were unchanged to slightly higher underpinned
+by a steady U.S. Fed funds rate.  Overnight was little changed
+at 6-5/16 6-3/16 and week-fixed rose 1/16 point to 6-3/8 6-1/4.
+    Dealers said most operators refrained from taking large
+positions as they await more news from the expected currency
+talks in Washington starting today.
+    Among period rates, one month eased 1/16 point to 6-7/16
+6-5/16 pct, three and six months were unchanged at 6-9/16
+6-7/16 and 6-11/16 6-9/16 pct, respectively while one year
+gaind 1/16 point to 6-7/8 6-3/4 pct.
+    Asian dollar CD rates opened mixed in quiet trading. One
+month slipped to 6.40/30 pct from 6.45/35 yesterday, three
+months was steady at 6.55/45 pct but six months rose slightly
+to 6.70/60 pct from 6.65/55.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3795" NEWID="14812">
+<DATE> 7-APR-1987 23:12:55.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2768&#31;reute
+u f BC-TOKYO-EXCH-1200---APR   04-07 0034</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+TOKYO EXCH 1200 - APRIL 08
+ US DLR      145.40/45
+ ONE MTHS       32.7/31
+ TWO MTHS        65/64
+ THREE MTHS      97/95
+ FOUR MTHS      130/128
+ FIVE MTHS      165/158
+ SIX MTHS       199/197
+ (ALL DISCS)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3796" NEWID="14813">
+<DATE> 7-APR-1987 23:13:05.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2769&#31;reute
+b f BC-YEN-BOND-FUTURES-HIT   04-07 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEN BOND FUTURES HIT RECORD HIGH IN EARLY TRADE</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Yen bond futures prices hit record highs
+in early trade in response to the early jump in the cash bond
+market on speculative purchases by brokers, dealers said.
+    Key June was 111.31 after hitting a record high earlier of
+111.48, against an opening of 111.02. It closed at 110.68
+yesterday. September was 110.10, below the earlier record of
+110.15 and against a 109.40 close.
+    The rally was triggered by a fall in short-term interest
+rates and heavy broker speculation in expectation of more
+end-investor purchases. But prices eased towards end-morning as
+the cash bond market fell on profit taking, dealers said.
+    The yen unconditional call rate was 3.5000 pct today, down
+from 3.6250 pct yesterday.
+    The Bank of Japan sold a total of 800 billion yen worth of
+financial bills from its holdings to help absorb a projected
+money market surplus of 1,300 billion yen due to allocation of
+government revenues to local governments and public entities
+and the return of bank notes.
+    Dealers were divided about whether expectations of another
+discount rate cut have been built into the market. Some dealers
+said it is too early for the market to discount a rate cut and
+projected a possible sudden market retreat.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3797" NEWID="14814">
+<DATE> 7-APR-1987 23:16:37.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2770&#31;reute
+u f BC-SINGAPORE-RUBBER-1115   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER 1115 QUIET - APRIL 8
+ NO. 1 RSS MAY 196.00 196.50 (UNCH)
+          JUNE 193.00 193.50
+        PROMPT 199.50 200.50
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3798" NEWID="14815">
+<DATE> 7-APR-1987 23:18:23.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2772&#31;reute
+r f BC-SINGAPORE-MONEY-RATE   04-07 0026</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE MONEY RATE - APRIL 8 OVERNIGHT    3-1/4 3-1/8 ONE MTH
+     3-3/8 3-1/4 TWO MTHS     3-3/8 3-1/4 THREE MTHS   3-3/8
+3-1/4 SIX MTHS     3-9/16 3-7/16
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3799" NEWID="14816">
+<DATE> 7-APR-1987 23:30:06.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>hkse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2775&#31;reute
+b f BC-H.K.-OFFICIAL,-STOCK   04-07 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.K. OFFICIAL, STOCK EXCHANGE BAR JARDINE ISSUE</TITLE>
+<DATELINE>    HONG KONG, April 8 - </DATELINE><BODY>Securities Commissioner Ray Astin and
+Chairman of the Stock Exchange of Hong Kong Ronald Li said in a
+joint statement they have rejected a plan by Jardine Matheson
+Holdings Ltd &lt;JARD.HK> to list its new "B" shares and that other
+such plans will not be approved.
+    They said the move resulted from recognition of the
+potential disadvantages of listing "B" shares and from strong
+opposition by stock brokers and members of the exchange.
+    They also noted both Cheung Kong (Holdings) Ltd &lt;CKGH.HK>
+and associate Hutchison Whampoa Ltd &lt;HWHH.HK> have agreed to
+withdraw previously announced plans to issue "B" shares.
+    The Cheung Kong firms each announced bonus issues of one
+new "B" share for each two ordinary shares last week after a
+proposed four-for-one bonus issue of "B" shares by Jardine.
+    The stock exchange then barred any further issues of "B"
+shares, except the three proposals already submitted. The "B"
+shares have equal voting rights with existing shares but a much
+lower par value.
+    The exchange's Hang Seng index lost 134 points between
+Jardine Matheson's March 27 announcement and its close at
+2,664.70 yesterday. But the index rose over 40 points in early
+trading today and brokers linked the rise to the statement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3800" NEWID="14817">
+<DATE> 7-APR-1987 23:34:47.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f2778&#31;reute
+u f BC-SINGAPORE-RUBBER-1135   04-07 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SINGAPORE RUBBER 1135 QUIET - APRIL 8
+ NO 1 RSS MAY  195.75 (UP 1.25)
+         JUNE  192.25 192.75
+       PROMPT  198.75 199.75
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3801" NEWID="14818">
+<DATE> 7-APR-1987 23:35:21.36</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2779&#31;reute
+u f BC-AUSTRALIAN-UNIONS-LAU   04-07 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN UNIONS LAUNCH NEW SOUTH WALES STRIKES</TITLE>
+<DATELINE>    SYDNEY, April 8 - </DATELINE><BODY>Australian trade unions said they have
+launched week-long strikes and other industrial action in New
+South Wales (NSW) to protest against new laws that would reduce
+injury compensation payments.
+    Union sources said talks with the state government broke
+down last night, but the two sides are scheduled to meet later
+today in an attempt to find a compromise.
+    Rail freight and shipping cargo movements in the country's
+most populous state were the first to be affected, and union
+officials said almost every business sector will be hit unless
+there is a quick settlement.
+    The state government recently introduced a new workers'
+compensation act which would cut the cash benefits to injured
+workers by up to a third. The act is now awaiting parliamentary
+ratification.
+    NSW state premier Barrie Unsworth has said workers'
+compensation has risen steeply in recent years and the proposed
+cuts would save hundreds of mlns of dollars a year.
+    Union officials said industrial action could spread to
+other states as the federal government also plans to make sharp
+cuts in workers' compensation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3802" NEWID="14819">
+<DATE> 7-APR-1987 23:38:59.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2781&#31;reute
+u f BC-JAPAN'S-LDP-URGES-MOR   04-07 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S LDP URGES MORE IMPORTS OF 12 FARM ITEMS</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>The ruling Liberal Democratic Party (LDP)
+has proposed expanding imports of 12 farm products named in a
+U.S. Complaint against Japan to the General Agreement on
+Tariffs and Trade last year, an LDP official said.
+    The products include fruit juices, purees and pulp, some
+tomato products, peanuts, prepared beef products and beans.
+    The proposal will be used as the basis for a more detailed
+LDP economic package to cut the trade surplus with the U.S. The
+party is expected to formalise the package before April 19,
+when LDP General Council Chairman Shintaro Abe visits
+Washington.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3803" NEWID="14820">
+<DATE> 7-APR-1987 23:49:49.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2783&#31;reute
+u f BC-JAPANESE-OFFICIAL-TAK   04-07 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE OFFICIAL TAKES DATA TO MICROCHIP TALKS</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Ministry of International Trade and
+Industry (MITI) Vice Minister Makoto Kuroda leaves for
+Washington today with data he hopes will refute U.S. Charges
+Japan has violated a pact on microchip trade.
+    A three-man Japanese trade team is already in Washington
+laying the groundwork for talks between Kuroda and Deputy U.S.
+Trade Representative Michael Smith aimed at persuading the U.S.
+Not to impose tariffs on certain Japanese products.
+    But Kuroda said he is taking no new proposals. "I have
+nothing in my briefcase except an explanation of the current
+situation," Kuroda told the daily newspaper Asahi Shimbun.
+    Kuroda said the U.S. Decision was based on incorrect data
+and an exaggerated sense of MITI's power to control market
+forces. "The U.S. Has excessive expectations. To stabilise
+supply-demand relations which have been disrupted by excess
+inventories since 1985 will take some time," he said.
+    Kuroda also laid part of the blame for low U.S. Chip sales
+in Japan on a lack of effort by American firms here.
+    He said if he fails in talks tomorrow and Friday to
+forestall sanctions, he will seek further talks with U.S. Trade
+Representative Clayton Yeutter. U.S. Officials said this week's
+talks are unlikely to delay imposition of tariffs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3804" NEWID="14821">
+<DATE> 7-APR-1987 23:58:43.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0000&#31;reute
+r f BC-BANGKOK-RICE-1---APRI   04-07 0111</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BANGKOK RICE 1 - APRIL 8
+ Offered prices in U.S. Dlrs per tonne
+ FOB basis Bangkok
+                       ASSOCIATION    TRADER
+ Fragrant rice
+ 100 pct 1st class         unq         300
+ 100 pct 2nd class         unq         290
+ 100 pct 3rd class         unq         280
+ White rice
+ 100 pct 1st class         258         253
+ 100 pct 2nd class         228         223
+ 100 pct 3rd class         223         218
+   5 pct                   213         208
+  10 pct                   208         203
+  15 pct                   203         198
+  20 pct                   195         190
+  25 pct                   190         185
+  35 pct                   185         180
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="BYPASS" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3805" NEWID="14822">
+<DATE> 7-APR-1987 23:58:56.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0001&#31;reute
+u f BC-BANGKOK-TAPIOCA---APR   04-07 0030</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BANGKOK TAPIOCA - APRIL 8 Thai pellets (62 min starch, five pc
+max fibre, three pc max sand, 14 pc max moisture) Apr/Sept  255
+sellers, D-marks per tonne CIF Euro ports (prev 255).
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="3806" NEWID="14823">
+<DATE> 7-APR-1987 23:59:50.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0003&#31;reute
+u f BC-SHARP-CORP-&lt;SHRP.T>-T   04-07 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHARP CORP &lt;SHRP.T> TO SET UP PLANT IN THAILAND</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Sharp Corp will set up a 100 pct-owned
+subsidiary in Thailand to make microwave ovens and
+refrigerators for export to the U.S. And western Europe, a
+company spokesman said.
+    The company, to be named &lt;Sharp Appliances (Thailand) Ltd>,
+will be capitalised at 2.1 billion yen and start operations in
+October, he told Reuters.
+    Sharp hopes the subsidiary, which will use parts from Japan
+and southeast Asia, will eventually produce other electric
+appliances, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3807" NEWID="14824">
+<DATE> 8-APR-1987 00:38:26.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE><D>mikulic</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0017&#31;reute
+u f BC-YUGOSLAV-WORKERS-MAY   04-08 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAV WORKERS MAY BE ANGERED BY LOST SUBSIDIES</TITLE>
+<DATELINE>    BELGRADE, April 8 - </DATELINE><BODY>Yugoslav government plans to stop
+subsidising loss-making firms will anger hundreds of thousands
+of workers, Western diplomats said.
+    The law, proposed by Prime Minister Branko Mikulic, goes
+into effect on July 1 and aims to end a long-standing practice
+of supporting unprofitable companies. Under the law, wage cuts
+will be imposed on losing enterprises, while those failing to
+recover within a six-month grace period will face liquidation.
+    The diplomats said Mikulic's attempt to create a market
+economy is inevitable, but has still come as a shock to those
+accustomed to government subsidies.
+    "It was a bitter pill which had to be swallowed, but if an
+overdose is taken too abruptly, it may have adverse effects on
+the system," a Western diplomat said.
+    He said if the law was applied too strictly it would
+probably provoke a new wave of strikes and unrest.
+    Yugoslavia was swept by strikes last month following the
+introduction of a wage-freeze law, later amended to allow more
+flexibility and some exemptions in what some political analysts
+saw as a retreat by Mikulic.
+    But with inflation moving towards 100 pct, trade union
+leaders have asked how much more deprivation workers can take.
+    The union leaders said workers thoughout the country are
+already receiving salaries below limits set under existing law,
+while others have received no wages at all this year because
+their employers are unable to pay them.
+    Workers also complain much of their income is taken in
+local, state and federal taxes.
+    Many others are losing their motivation to work and
+confidence in government as they feel their decision-making
+powers are being eroded, trade union officials said.
+    Meanwhile, the official Tanjug news agency reported a paper
+and cellulose factory at Ivangrad in the Montenegro republic
+closed yesterday and 2,000 of its workers were given "temporary
+leave."
+    Tanjug said the plant had been running at a loss for the 24
+years it had been in operation, and its closure was the result
+of "economic necessity" rather than bankruptcy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3808" NEWID="14825">
+<DATE> 8-APR-1987 00:44:28.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>chirac</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0023&#31;reute
+u f BC-FRENCH-GOVERNMENT-WIN   04-08 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH GOVERNMENT WINS CONFIDENCE VOTE</TITLE>
+<DATELINE>    PARIS, April 8 - </DATELINE><BODY>The French government won, as expected, a
+vote of parliamentary confidence sought by Prime Minister
+Jacques Chirac on his general policies.
+    Votes from Chirac's Gaullist RPR party and its junior
+partner in the ruling coalition, the centre-right UDF, gave
+Chirac's cabinet a slim majority in the National Assembly.
+    A total of 294 deputies in the 577-member assembly voted to
+support Chirac, with 282 voting against. One member was absent.
+    The Socialists, Communists and the extreme-right National
+Front voted against the prime minister's call.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3809" NEWID="14826">
+<DATE> 8-APR-1987 01:03:47.52</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>hong-kong</D><D>usa</D><D>japan</D><D>taiwan</D><D>malaysia</D><D>south-korea</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f0031&#31;reute
+u f BC-ASIAN-EXPORTERS-FEAR   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIAN EXPORTERS FEAR DAMAGE FROM U.S.-JAPAN RIFT</TITLE>
+<AUTHOR>    By William Kazer, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, April 8 - </DATELINE><BODY>Mounting trade friction between the
+U.S. And Japan has raised fears among many of Asia's exporting
+nations that the row could inflict far-reaching economic
+damage, businessmen and officials said.
+    They told Reuter correspondents in Asian capitals a U.S.
+Move against Japan might boost protectionist sentiment in the
+U.S. And lead to curbs on American imports of their products.
+    But some exporters said that while the conflict would hurt
+them in the long-run, in the short-term Tokyo's loss might be
+their gain.
+    The U.S. Has said it will impose 300 mln dlrs of tariffs on
+imports of Japanese electronics goods on April 17, in
+retaliation for Japan's alleged failure to stick to a pact not
+to sell semiconductors on world markets at below cost.
+    Unofficial Japanese estimates put the impact of the tariffs
+at 10 billion dlrs and spokesmen for major electronics firms
+said they would virtually halt exports of products hit by the
+new taxes.
+    "We wouldn't be able to do business," said a spokesman for
+leading Japanese electronics firm Matsushita Electric
+Industrial Co Ltd &lt;MC.T>.
+    "If the tariffs remain in place for any length of time
+beyond a few months it will mean the complete erosion of
+exports (of goods subject to tariffs) to the U.S.," said Tom
+Murtha, a stock analyst at the Tokyo office of broker &lt;James
+Capel and Co>.
+    In Taiwan, businessmen and officials are also worried.
+    "We are aware of the seriousness of the U.S. Threat against
+Japan because it serves as a warning to us," said a senior
+Taiwanese trade official who asked not to be named.
+    Taiwan had a trade trade surplus of 15.6 billion dlrs last
+year, 95 pct of it with the U.S.
+    The surplus helped swell Taiwan's foreign exchange reserves
+to 53 billion dlrs, among the world's largest.
+    "We must quickly open our markets, remove trade barriers and
+cut import tariffs to allow imports of U.S. Products, if we
+want to defuse problems from possible U.S. Retaliation," said
+Paul Sheen, chairman of textile exporters &lt;Taiwan Safe Group>.
+    A senior official of South Korea's trade promotion
+association said the trade dispute between the U.S. And Japan
+might also lead to pressure on South Korea, whose chief exports
+are similar to those of Japan.
+    Last year South Korea had a trade surplus of 7.1 billion
+dlrs with the U.S., Up from 4.9 billion dlrs in 1985.
+    In Malaysia, trade officers and businessmen said tough
+curbs against Japan might allow hard-hit producers of
+semiconductors in third countries to expand their sales to the
+U.S.
+    In Hong Kong, where newspapers have alleged Japan has been
+selling below-cost semiconductors, some electronics
+manufacturers share that view. But other businessmen said such
+a short-term commercial advantage would be outweighed by
+further U.S. Pressure to block imports.
+    "That is a very short-term view," said Lawrence Mills,
+director-general of the Federation of Hong Kong Industry.
+    "If the whole purpose is to prevent imports, one day it will
+be extended to other sources. Much more serious for Hong Kong
+is the disadvantage of action restraining trade," he said.
+    The U.S. Last year was Hong Kong's biggest export market,
+accounting for over 30 pct of domestically produced exports.
+    The Australian government is awaiting the outcome of trade
+talks between the U.S. And Japan with interest and concern,
+Industry Minister John Button said in Canberra last Friday.
+    "This kind of deterioration in trade relations between two
+countries which are major trading partners of ours is a very
+serious matter," Button said.
+    He said Australia's concerns centred on coal and beef,
+Australia's two largest exports to Japan and also significant
+U.S. Exports to that country.
+    Meanwhile U.S.-Japanese diplomatic manoeuvres to solve the
+trade stand-off continue.
+    Japan's ruling Liberal Democratic Party yesterday outlined
+a package of economic measures to boost the Japanese economy.
+    The measures proposed include a large supplementary budget
+and record public works spending in the first half of the
+financial year.
+    They also call for stepped-up spending as an emergency
+measure to stimulate the economy despite Prime Minister
+Yasuhiro Nakasone's avowed fiscal reform program.
+    Deputy U.S. Trade Representative Michael Smith and Makoto
+Kuroda, Japan's deputy minister of International Trade and
+Industry (MITI), are due to meet in Washington this week in an
+effort to end the dispute.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3810" NEWID="14827">
+<DATE> 8-APR-1987 01:12:53.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0051&#31;reute
+u f BC-UAL-&lt;UAL.N>-PILOTS-PR   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL &lt;UAL.N> PILOTS PROPOSE WAGE CUT TO FUND BUYOUT</TITLE>
+<DATELINE>    CHICAGO, April 7 - </DATELINE><BODY>The union representing 7,000 pilots at
+United Airlines is proposing wage cuts of up to 25 pct to help
+finance a 4.5 billion dlr employee buyout of the nation's
+second largest air carrier.
+    In a television link-up of 10,000 employees at 11 sites
+nationwide, the Air Line Pilots Association unveiled details of
+a planned employee stock ownership plan for United, a
+wholly-owned subsidiary of UAL Inc.
+    The proposed wage cuts would affect senior pilots the most,
+although the other 53,000 workers employed by United would also
+be asked to accept less pay.
+    In addition, the union is asking its pilots to invest
+one-third of the union pension fund's 1.1 billion dlrs in the
+proposed employee-owned company.
+    In an effort to get the rank and file to contribute five
+pct of their earnings, United's 21-member master executive
+council donated 150,000 dlrs in cash and committed 2.1 mln dlrs
+in pension fund assets for acquisition of new preferred shares.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3811" NEWID="14828">
+<DATE> 8-APR-1987 01:19:17.29</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0055&#31;reute
+u f BC-CHINA-DAILY-SAYS-VERM   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA DAILY SAYS VERMIN EAT 7-12 PCT GRAIN STOCKS</TITLE>
+<DATELINE>    PEKING, April 8 - </DATELINE><BODY>A survey of 19 provinces and seven cities
+showed vermin consume between seven and 12 pct of China's grain
+stocks, the China Daily said.
+    It also said that each year 1.575 mln tonnes, or 25 pct, of
+China's fruit output are left to rot, and 2.1 mln tonnes, or up
+to 30 pct, of its vegetables. The paper blamed the waste on
+inadequate storage and bad preservation methods.
+    It said the government had launched a national programme to
+reduce waste, calling for improved technology in storage and
+preservation, and greater production of additives. The paper
+gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4356" NEWID="14829">
+<DATE> 8-APR-1987 01:22:17.25</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0056&#31;reute
+u f BC-JAPAN-TO-REVISE-LONG-   04-08 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO REVISE LONG-TERM ENERGY DEMAND DOWNWARDS</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>The Ministry of International Trade and
+Industry (MITI) will revise its long-term energy supply/demand
+outlook by August to meet a forecast downtrend in Japanese
+energy demand, ministry officials said.
+    MITI is expected to lower the projection for primary energy
+supplies in the year 2000 to 550 mln kilolitres (kl) from 600
+mln, they said.
+    The decision follows the emergence of structural changes in
+Japanese industry following the rise in the value of the yen
+and a decline in domestic electric power demand.
+    MITI is planning to work out a revised energy supply/demand
+outlook through deliberations of committee meetings of the
+Agency of Natural Resources and Energy, the officials said.
+    They said MITI will also review the breakdown of energy
+supply sources, including oil, nuclear, coal and natural gas.
+    Nuclear energy provided the bulk of Japan's electric power
+in the fiscal year ended March 31, supplying an estimated 27
+pct on a kilowatt/hour basis, followed by oil (23 pct) and
+liquefied natural gas (21 pct), they noted.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3813" NEWID="14830">
+<DATE> 8-APR-1987 01:26:33.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0058&#31;reute
+u f BC-NISSAN-MAY-SUPPLY-PAR   04-08 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN MAY SUPPLY PARTS TO MEXICAN FORD, CHRYSLER</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Nissan Motor Co Ltd &lt;NSAN.T> is
+negotiating the supply of car components to Mexican units of
+Ford Motor Co &lt;F> and Chrysler Corp &lt;C>, a Nissan spokeswoman
+said.
+    &lt;Nissan Mexicana SA de CV> is owned 96.4 pct by Nissan and
+3.6 pct by Marubeni Corp &lt;MART.T>. It expects to win orders for
+precision casting parts for engines, and aluminium cases for
+automatic transmissions.
+    These will supply output of 70,000 mid-size cars a year at
+Chrysler's Mexican unit, the spokeswoman said.
+    Nissan is negotiating a similar deal to supply Ford's
+Mexican unit with precision casting parts for car engines, the
+spokeswoman said, without providing further details.
+    The company is expected to reach agreements with both U.S.
+Car makers sometime this year, she said.
+    Nissan Mexicana will invest about 400 mln yen to improve
+production facilities after the agreements are signed, she
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3814" NEWID="14831">
+<DATE> 8-APR-1987 01:28:33.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0060&#31;reute
+u f BC-NEW-ZEALAND-RAISES-FO   04-08 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND RAISES FOREIGN INVESTMENT THRESHOLD</TITLE>
+<DATELINE>    WELLINGTON, April 8 - </DATELINE><BODY>Foreigners will be able to invest up
+to two mln N.Z. Dlrs in New Zealand assets without getting
+approval from the Overseas Investment Commission, the
+Commission said.
+    The decision, effective tomorrow raises the threshold from
+its previous level of 500,000 dlrs, it said in a statement.
+    "The new level is felt to be more appropriate to objectives
+given the present cost structure involved in operating a
+business in New Zealand," the commission said. The increase does
+not apply to the acquisition of shares.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3815" NEWID="14832">
+<DATE> 8-APR-1987 01:45:09.09</DATE>
+<TOPICS><D>trade</D><D>grain</D><D>rice</D><D>corn</D><D>sugar</D><D>tin</D><D>rubber</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0071&#31;reute
+u f BC-THAI-TRADE-DEFICIT-WI   04-08 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI TRADE DEFICIT WIDENS IN FIRST QUARTER</TITLE>
+<DATELINE>    BANGKOK, April 8 - </DATELINE><BODY>Thailand's trade deficit widened to 4.5
+billion baht in the first quarter of 1987 from 2.1 billion a
+year ago, the Business Economics Department said.
+    It said Janunary/March imports rose to 65.1 billion baht
+from 58.7 billion. Thailand's improved business climate this
+year resulted in a 27 pct increase in imports of raw materials
+and semi-finished products.
+    The country's oil import bill, however, fell 23 pct in the
+first quarter due to lower oil prices.
+    The department said first quarter exports expanded to 60.6
+billion baht from 56.6 billion.
+    Export growth was smaller than expected due to lower
+earnings from many key commodities including rice whose
+earnings declined 18 pct, maize 66 pct, sugar 45 pct, tin 26
+pct and canned pineapples seven pct.
+    Products registering high export growth were jewellery up
+64 pct, clothing 57 pct and rubber 35 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3816" NEWID="14833">
+<DATE> 8-APR-1987 01:48:20.11</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>indonesia</D><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0073&#31;reute
+u f BC-INDONESIA-SEES-CPO-PR   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA SEES CPO PRICE RISING SHARPLY</TITLE>
+<DATELINE>    JAKARTA, April 8 - </DATELINE><BODY>Indonesia expects crude palm oil (CPO)
+prices to rise sharply to between 450 and 550 dlrs a tonne FOB
+sometime this year because of better European demand and a fall
+in Malaysian output, Hasrul Harahap, junior minister for tree
+crops, told Indonesian reporters.
+    Prices of Malaysian and Sumatran CPO are now around 332
+dlrs a tonne CIF for delivery in Rotterdam, traders said.
+    Harahap said Indonesia would maintain its exports, despite
+making recent palm oil purchases from Malaysia, so that it
+could possibly increase its international market share.
+    Indonesia, the world's second largest producer of palm oil
+after Malaysia, has been forced to import palm oil to ensure
+supplies during the Moslem fasting month of Ramadan.
+    Harahap said it was better to import to cover a temporary
+shortage than to lose export markets.
+    Indonesian exports of CPO in calendar 1986 were 530,500
+tonnes, against 468,500 in 1985, according to central bank
+figures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3817" NEWID="14834">
+<DATE> 8-APR-1987 02:05:21.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0078&#31;reute
+u f BC-JAPANESE-CONSORTIUM-W   04-08 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE CONSORTIUM WINS NEW YORK SUBWAY CAR ORDER</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>&lt;Nissho Iwai Corp> and Kawasaki Heavy
+Industries Ltd &lt;KAWH.T> have jointly won an order to build 200
+subway cars worth about 200 mln dlrs for the Metropolitan
+Transportation Authority of New York, a Nissho spokesman said.
+    The cars, to be produced with 51 pct U.S. Content, will be
+delivered between early 1988 and August 1989, he said.
+    Ten will be built in Japan, but the others will be made at
+a Yonkers, New York, plant equally owned by Nissho and
+Kawasaki.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3818" NEWID="14835">
+<DATE> 8-APR-1987 02:11:57.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0081&#31;reute
+f f BC-Japan-four-year-note   04-08 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan four-year note auction average yield record low 3.714 pct, stop 3.743 -official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3819" NEWID="14836">
+<DATE> 8-APR-1987 02:22:19.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0083&#31;reute
+f f BC-Tokyo-stock-market-in   04-08 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo stock market index rises 128.34 to record close of 22,912.99
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3820" NEWID="14837">
+<DATE> 8-APR-1987 02:30:36.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0085&#31;reute
+u f BC-U.S.-HOUSE-COMMITTEE   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE COMMITTEE PROPOSES DEFENCE CUTS</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The House Armed Services Committee
+last night proposed cutting President Reagan's funding request
+for the Strategic Defence Initiative program by 1.7 billion
+dlrs to 3.5 billion.
+    The committee also cut by more than half the amount the
+president requested for a rail system for strategic missiles.
+It approved 250 mln dlrs for the project during its
+consideration of the 1988 defence authorisation bill.
+    The committee's proposals must be adopted by the full House
+and Senate before becoming law. The administration's total
+request for 1988 defence spending was 312 billion dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3821" NEWID="14838">
+<DATE> 8-APR-1987 02:33:11.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0086&#31;reute
+u f BC-NEC-SUES-SEIKO-EPSON   04-08 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEC SUES SEIKO EPSON OVER COPYRIGHT INFRINGEMENT</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>NEC Corp &lt;NESI.T> filed suit in Tokyo
+District Court to temporarily halt the manufacture and
+marketing of &lt;Seiko Epson Corp>'s NEC-compatible personal
+computer series, an NEC spokesman said.
+    He said Seiko Epson's PC 286 computer and HDD-20 interface
+board infringe on software copyrights of the Basic In Out
+System program of NEC's best-selling 9801 computer series.
+    A spokesman for Seiko Epson, which is part of the Hattori
+Seiko Co Ltd &lt;HATT.T> group, said its computer does not
+infringe on any copyrights and will be marketed this month.
+    The HDD-20 interface board went on sale last December.
+    NEC's request for an injunction against Seiko Epson and its
+marketing subsidiary is the first entirely domestic lawsuit
+charging infringement of computer software copyrights, the
+Seiko Epson spokesman said.
+    Share market analysts said that NEC controls about 70 pct
+of Japan's personal computer market.
+    Introduction of NEC-compatible machines could spark a price
+war and cut NEC's profits, as happened to International
+Business Machines Corp &lt;IBM> following the introduction of
+IBM-compatible machines, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3822" NEWID="14839">
+<DATE> 8-APR-1987 02:42:14.86</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0091&#31;reute
+u f BC-AUSTRALIAN-FOREIGN-SH   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN FOREIGN SHIP BAN ENDS BUT NSW PORTS HIT</TITLE>
+<DATELINE>    SYDNEY, April 8 - </DATELINE><BODY>Tug crews in New South Wales (NSW),
+Victoria and Western Australia yesterday lifted their ban on
+foreign-flag ships carrying containers but NSW ports are still
+being disrupted by a separate dispute, shipping sources said.
+    The ban, imposed a week ago over a pay claim, had prevented
+the movement in or out of port of nearly 20 vessels, they said.
+    The pay dispute went before a hearing of the Arbitration
+Commission today.
+    Meanwhile, disruption began today to cargo handling in the
+ports of Sydney, Newcastle and Port Kembla, they said.
+    The industrial action at the NSW ports is part of the week
+of action called by the NSW Trades and Labour Council to
+protest changes to the state's workers' compensation laws.
+    The shipping sources said the various port unions appear to
+be taking it in turn to work for a short time at the start of
+each shift and then to walk off.
+    Cargo handling in the ports has been disrupted, with
+container movements most affected, but has not stopped
+altogether, they said.
+    They said they could not say how long the disruption will
+go on and what effect it will have on shipping movements.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4358" NEWID="14840">
+<DATE> 8-APR-1987 02:56:07.22</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D><D>lumber</D><D>coffee</D><D>rubber</D></TOPICS>
+<PLACES><D>indonesia</D><D>south-korea</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C T
+&#22;&#22;&#1;f0100&#31;reute
+u f BC-INDONESIAN-COMMODITY   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN COMMODITY EXCHANGE MAY EXPAND</TITLE>
+<AUTHOR>    By Jeremy Clift, Reuters</AUTHOR>
+<DATELINE>    JAKARTA, April 8 - </DATELINE><BODY>The Indonesian Commodity Exchange is
+likely to start trading in at least one new commodity, and
+possibly two, during calendar 1987, exchange chairman Paian
+Nainggolan said.
+    He told Reuters in a telephone interview that trading in
+palm oil, sawn timber, pepper or tobacco was being considered.
+    Trading in either crude palm oil (CPO) or refined palm oil
+may also be introduced. But he said the question was still
+being considered by Trade Minister Rachmat Saleh and no
+decision on when to go ahead had been made.
+    The fledgling exchange currently trades coffee and rubber
+physicals on an open outcry system four days a week.
+    "Several factors make us move cautiously," Nainggolan said.
+"We want to move slowly and safely so that we do not make a
+mistake and undermine confidence in the exchange."
+    Physical rubber trading was launched in 1985, with coffee
+added in January 1986. Rubber contracts are traded FOB, up to
+five months forward. Robusta coffee grades four and five are
+traded for prompt delivery and up to five months forward,
+exchange officials said.
+    The trade ministry and exchange board are considering the
+introduction of futures trading later for rubber, but one
+official said a feasibility study was needed first. No
+decisions are likely until after Indonesia's elections on April
+23, traders said.
+    Trade Minister Saleh said on Monday that Indonesia, as the
+world's second largest producer of natural rubber, should
+expand its rubber marketing effort and he hoped development of
+the exchange would help this.
+    Nainggolan said that the exchange was trying to boost
+overseas interest by building up contacts with end-users.
+    He said teams had already been to South Korea and Taiwan to
+encourage direct use of the exchange, while a delegation would
+also visit Europe, Mexico and some Latin American states to
+encourage participation.
+    Officials say the infant exchange has made a good start
+although trading in coffee has been disappointing.
+    Transactions in rubber between the start of trading in
+April 1985 and December 1986 totalled 9,595 tonnes, worth 6.9
+mln dlrs FOB, plus 184.3 mln rupiah for rubber delivered
+locally, the latest exchange report said.
+     Trading in coffee in calendar 1986 amounted to only 1,905
+tonnes in 381 lots, valued at 6.87 billion rupiah.
+     Total membership of the exchange is now nine brokers and
+44 traders.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3824" NEWID="14841">
+<DATE> 8-APR-1987 03:09:59.77</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>sri-lanka</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0129&#31;reute
+u f BC-SRI-LANKA-GETS-USDA-A   04-08 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKA GETS USDA APPROVAL FOR WHEAT PRICE</TITLE>
+<DATELINE>    COLOMBO, April 8 - </DATELINE><BODY>Food Department officials said the U.S.
+Department of Agriculture approved the Continental Grain Co
+sale of 52,500 tonnes of soft wheat at 89 U.S. Dlrs a tonne C
+and F from Pacific Northwest to Colombo.
+    They said the shipment was for April 8 to 20 delivery.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3825" NEWID="14842">
+<DATE> 8-APR-1987 03:21:39.74</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0144&#31;reute
+u f BC-WESTERN-MINING-TO-OPE   04-08 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN MINING TO OPEN NEW GOLD MINE IN AUSTRALIA</TITLE>
+<DATELINE>    MELBOURNE, April 8 - </DATELINE><BODY>Western Mining Corp Holdings Ltd
+&lt;WMNG.S> (WMC) said it will establish a new joint venture gold
+mine in the Northern Territory at a cost of about 21 mln dlrs.
+    The mine, to be known as the Goodall project, will be owned
+60 pct by WMC and 40 pct by a local W.R. Grace and Co &lt;GRA>
+unit. It is located 30 kms east of the Adelaide River at Mt.
+Bundey, WMC said in a statement
+    It said the open-pit mine, with a conventional leach
+treatment plant, is expected to produce about 50,000 ounces of
+gold in its first year of production from mid-1988. Annual ore
+capacity will be about 750,000 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3826" NEWID="14843">
+<DATE> 8-APR-1987 03:29:34.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0149&#31;reute
+u f BC-SUMITOMO-BANK-AIMS-AT   04-08 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITOMO BANK AIMS AT QUICK RECOVERY FROM MERGER</TITLE>
+<AUTHOR>    By Linda Sieg, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Sumitomo Bank Ltd &lt;SUMI.T> is certain to
+lose its status as Japan's most profitable bank as a result of
+its merger with the Heiwa Sogo Bank, financial analysts said.
+    Osaka-based Sumitomo, with desposits of around 23.9
+trillion yen, merged with Heiwa Sogo, a small, struggling bank
+with an estimated 1.29 billion dlrs in unrecoverable loans, in
+October.
+    But despite the link-up, Sumitomo President Koh Komatsu
+told Reuters he is confident his bank can quickly regain its
+position.
+    "We'll be back in position in first place within three
+years," Komatsu said in an interview.
+    He said that while the merger will initially reduce
+Sumitomo's profitability and efficiency, it will vastly expand
+Sumitomo's branch network in the Tokyo metropolitan area where
+it has been relatively weak.
+    But financial analysts are divided on whether and how
+quickly the gamble will pay off.
+    Some said Sumitomo may have paid too much for Heiwa Sogo in
+view of the smaller bank's large debts. Others argue the merger
+was more cost effective than creating a comparable branch
+network from scratch.
+    The analysts agreed the bank was aggressive. It has
+expanded overseas, entered the lucrative securities business
+and geared up for domestic competition, but they questioned the
+wisdom of some of those moves.
+    "They've made bold moves to put everything in place. Now
+it's largely out of their hands," said Kleinwort Benson Ltd
+financial analyst Simon Smithson.
+    Among Sumitomo's problems are limits placed on its move to
+enter U.S. Securities business by taking a share in American
+investment bank Goldman, Sachs and Co.
+    Sumitomo last August agreed to pay 500 mln dlrs for a 12.5
+pct limited partnership in the bank, but for the time being at
+least, the Federal Reserve Board has forbidden them to exchange
+personnel, or increase the business they do with each other.
+    "The tie-up is widely looked on as a lame duck because the
+Fed was stricter than Sumitomo expected," said one analyst.
+    But Komatsu said the move will pay off in time.
+    "U.S. Regulations will change in the near future and if so,
+we can do various things. We only have to wait two or three
+years, not until the 21st century," Komatsu said.
+    Komatsu is also willing to be patient about possible routes
+into the securities business at home.
+    Article 65 of the Securities and Exchange Act, Japan's
+version of the U.S. Glass-Steagall Act, separates commercial
+from investment banking.
+    But the walls between the two are crumbling and Komatsu
+said he hopes further deregulation will create new
+opportunities.
+    "We need to find new business chances," Komatsu said. "In some
+cases these will be securities related, in some cases trust
+bank related. That's the kind of deregulation we want."
+    Until such changes occur, Sumitomo will focus on such
+domestic securities business as profitable government bond
+dealing and strengthening relations with Meiko Securities Co
+Ltd, in which it holds a five pct share, Komatsu said.
+    He said Sumitomo is cautiously optimistic about entering
+the securities business here through its Swiss universal bank
+subsidiary, Banca del Gottardo.
+     The Finance Ministry is expected to grant licences to
+securities subsidiaries of U.S. Commercial banks soon,
+following a similar decision for subsidiaries of European
+universal banks in which the parent holds a less than 50 pct.
+    But Komatsu is reluctant to push hard for a similar
+decision on a Gottardo subsidiary.
+    "We don't want to make waves. We expect this will be allowed
+in two or three years," he said.
+    Like other city banks, Sumitomo is also pushing to expand
+lending to individuals and small and medium businesses to
+replace disappearing demand from big business, he added.
+    The analysts said Sumitomo will have to devote a lot of
+time to digesting its most recent initiatives, including the
+merger with ailing Heiwa Sogo.
+    "It's (Sumitomo) been bold in its strategies," said
+Kleinwort's Smithson.
+    "After that, it's a question of absorbing and juggling
+around. It will be the next decade before we see if the
+strategy is right or wrong."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3827" NEWID="14844">
+<DATE> 8-APR-1987 03:45:20.53</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0178&#31;reute
+u f BC-SUBROTO-SAYS-INDONESI   04-08 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUBROTO SAYS INDONESIA SUPPORTS TIN PACT EXTENSION</TITLE>
+<DATELINE>    JAKARTA, April 8 - </DATELINE><BODY>Mines and Energy Minister Subroto
+confirmed Indonesian support for an extension of the sixth
+International Tin Agreement (ITA), but said a new pact was not
+necessary.
+    Asked by Reuters to clarify his statement on Monday in
+which he said the pact should be allowed to lapse, Subroto said
+Indonesia was ready to back extension of the ITA.
+    "We can support extension of the sixth agreement," he said.
+"But a seventh accord we believe to be unnecessary."
+    The sixth ITA will expire at the end of June unless a
+two-thirds majority of members vote for an extension.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4360" NEWID="14845">
+<DATE> 8-APR-1987 03:49:29.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0185&#31;reute
+u f BC-SOUTH-AFRICA-MINES-BO   04-08 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA MINES BODY SEES MAY DAY WORK STOPPAGE</TITLE>
+<DATELINE>    JOHANNESBURG, April 8 - </DATELINE><BODY>Negotiations between mining
+companies and the National Union of Mineworkers are foundering
+and mines could face a May Day work stoppage, the Chamber of
+Mines said.
+    It said the union had called off talks on a specific issue,
+the introduction of a Labour Day on May 1.
+    The union refused a request to give advance notification of
+the names of workers who would be working on May 1 rather than
+taking the option of a paid holiday, the Chamber said.
+    It said mining companies wanted advance notice in order to
+plan their operations.
+    "The union is adamant only employees who wish to work on
+Labour Day should notify management," the Chamber said.
+    "This raises the prospect that the mines will once again
+face stay-away action on May 1 and that the employees who do
+not work will once again forfeit pay."
+    It said the union accepted all the proposals except giving
+advance notification for May 1.
+    It said miners had been offered a full paid holiday on May
+1 or a premium of six pct of their basic monthly pay for
+working that day.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3829" NEWID="14846">
+<DATE> 8-APR-1987 03:55:13.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0191&#31;reute
+u f BC-FINAL-TERMS-SET-ON-AT   04-08 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINAL TERMS SET ON ATARI CORP CONVERTIBLE EUROBOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The coupon on the 75 mln dlr, 15-year,
+convertible eurobond for Atari Corp has been set at 5-1/4 pct
+compared with indicated range of five to 5-1/4 pct, lead
+manager Paine Webber International said.
+    The conversion price was set at 32-5/8 dlrs, representing a
+premium of 20.38 pct over yesterday's Atari share close of 27
+dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3830" NEWID="14847">
+<DATE> 8-APR-1987 03:56:29.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0193&#31;reute
+u f BC-BANGLADESH-LIKELY-TO   04-08 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH LIKELY TO SET HIGHER DEVELOPMENT PLAN</TITLE>
+<DATELINE>    DHAKA, April 8 - </DATELINE><BODY>Bangladesh is expected to draw up a 47
+billion taka development plan for the 1987/88 fiscal year
+beginning July 1, Finance Ministry officials said.
+    This is a rise of six pct over the current year. They said
+86.5 pct of the funds would come from foreign sources.
+    Bangladesh will seek nearly two billion dlrs to be used for
+development projects and imports in 1987/88 at a donors'
+meeting in Paris later this month, the officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3831" NEWID="14848">
+<DATE> 8-APR-1987 03:57:09.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0194&#31;reute
+f f BC-******   04-08 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank allocates 6.1 billion marks in 28-day repurchase pact at 3.80 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4361" NEWID="14849">
+<DATE> 8-APR-1987 04:03:27.14</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0199&#31;reute
+b f BC-BUNDESBANK-ALLOCATES   04-08 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK ALLOCATES 6.1 BILLION MARKS IN TENDER</TITLE>
+<DATELINE>    FRANKFURT, April 8 - </DATELINE><BODY>The Bundesbank accepted bids for 6.1
+billion marks at today's tender for a 28-day securities
+repurchase pact at a fixed rate of 3.80 pct, a central bank
+spokesman said.
+    Banks, which bid for a total 12.2 billion marks liquidity,
+will be credited with the funds allocated today and must buy
+back securities pledged on May 6.
+    Some 14.9 billion marks will drain from the market today as
+an earlier pact expires, so the Bundesbank is effectively
+withdrawing a net 8.1 billion marks from the market with
+today's allocation.
+    A Bundesbank spokesman said in answer to enquiries that the
+withdrawal of funds did not reflect a tightening of credit
+policy, but was to be seen in the context of plentiful
+liquidity in the banking system.
+    Banks held an average 59.3 billion marks at the Bundesbank
+over the first six days of the month, well clear of the likely
+April minimum reserve requirement of 51 billion marks.
+    The Bundesbank spokesman noted that by bidding only 12.2
+billion marks, below the outgoing 14.9 billion, banks
+themselves had shown they felt they had plenty of liquidity.
+    Dealers said the Bundesbank is keen to prevent too much
+liquidity accruing in the market, as that would blunt the
+effectiveness of the security repurchase agreement, its main
+open-market instrument for steering market interest rates. Two
+further pacts are likely this month over the next two weeks.
+    The Bundesbank is currently steering call money between 3.6
+and 3.8 pct, although short-term fluctuations outside that
+range are possible, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3833" NEWID="14850">
+<DATE> 8-APR-1987 04:11:21.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bangladesh</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>un</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0206&#31;reute
+r f BC-U.N.-OFFERS-GRANT-FOR   04-08 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.N. OFFERS GRANT FOR STUDY ON BANGLADESH BRIDGE</TITLE>
+<DATELINE>    DHAKA, April 8 - </DATELINE><BODY>The U.N. Development program (UNDP) will
+give Bangladesh a 6.79 mln dlr grant to undertake a detailed
+study on the building of a bridge over the River Jamuna, the
+official BSS news agency said.
+    It said an agreement was signed here yesterday.
+    Communication Ministry officials said the bridge would be
+to link Dhaka with the northern areas of Bangladesh and was
+expected to cost about 836 mln dlrs. They said offers of help
+had been received from Saudi Arabia and the World Bank, but
+they gave no details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3834" NEWID="14851">
+<DATE> 8-APR-1987 04:16:24.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0212&#31;reute
+b f BC-EIB-300-MLN-GUILDER-B   04-08 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIB 300 MLN GUILDER BULLET BOND PRICED AT PAR</TITLE>
+<DATELINE>    AMSTERDAM, April 8 - </DATELINE><BODY>The issue price of the European
+Investment Bank's 300 mln guilder 6.25 pct bullet bond due
+1995, announced on April 1, has been set at par, lead manager
+Amro bank said.
+    Subscriptions remain open until 1300 gmt tomorrow, April 9.
+    Payment is due May 14 and coupon date is May 15.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3835" NEWID="14852">
+<DATE> 8-APR-1987 04:17:14.17</DATE>
+<TOPICS><D>acq</D><D>copper</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C
+&#22;&#22;&#1;f0213&#31;reute
+u f BC-BOND-CORP-STILL-CONSI   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOND CORP STILL CONSIDERING ATLAS MINING BAIL-OUT</TITLE>
+<DATELINE>    MANILA, April 8 - </DATELINE><BODY>Bond Corp Holdings Ltd &lt;BONA.S> and Atlas
+Consolidated Mining and Development Corp &lt;ATLC.MN> are still
+holding talks on a bail-out package for the troubled mining
+firm, an Atlas statement said.
+    Atlas, the Philippines' biggest copper producer, said it
+had been hit by depressed world copper prices. It reported a
+net loss of 976.38 mln pesos in the year ending December 1986,
+compared with a net loss of 1.53 billion in 1985.
+    The company said it had been able to cut its losses because
+its scaled-down copper operations in the central island of Cebu
+started in the second half of 1986.
+    Atlas said negotiations were continuing on the acquisition
+by Bond of the company's existing bank loans and their
+restructuring into a gold loan.
+    A memorandum of understanding signed by the two sides in
+October last year said Bond would acquire Atlas' total loans of
+275 mln dlrs, to be repaid by the mining company in gold.
+    Atlas said the two sides were also discussing equity
+infusion into Atlas and the creation of a development fund for
+further exploration and development of the company's gold
+properties in the central province of Masbate.
+    Wilson Banks, general manager of &lt;Bond Corp International
+Ltd> in Hong Kong, told Reuters the Atlas statement on the
+negotiations was "reasonably accurate."
+    Banks said Bond Corp was seriously considering several
+investments in the Philippines but did not give details.
+    In its statement, Atlas said development of the pre-World
+War Two underground mines in Masbate had been accelerated and
+the ore tonnage had increased, extending the operation's life
+at least until 1993.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3836" NEWID="14853">
+<DATE> 8-APR-1987 04:21:46.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0222&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   04-08 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - EXCESS MONEY HURTS THAI BANKS</TITLE>
+<AUTHOR>    By Vithoon Amorn, Reuters</AUTHOR>
+<DATELINE>    BANGKOK, April 8 - </DATELINE><BODY>Thailand's improving economy may have
+helped its trade and finance position but it has also created
+major problems for local banks, Thai and foreign bankers said.
+    They said a 900 mln dlr saving from cheaper imported oil
+and 19.7 pct export growth last year contributed to the
+country's first current account surplus in 20 years.
+    But the bright picture, together with a government program
+to help farmers cope with depressed commodity prices, coincides
+with sluggish investment by a private sector still feeling the
+lingering effects of the 1984-86 recession.
+    Thai banks have had growing surplus funds and difficulties
+finding borrowers since the third quarter of 1986.
+    Kunthon Narkprom, head of the budget and planning division
+of Thai Farmers Bank Ltd, estimated excess liquidity in banks
+peaked last month at 60 billion baht, three times what he
+considered normal. Bank of Thailand figures show total deposits
+in 1986 grew 12.7 pct to 627.7 billion baht, while lending rose
+only 3.4 pct to 548.6 billion.
+    The lending/deposit ratio, which measures bank loans as a
+percentage of deposits, fell to 86.6 pct last month, the lowest
+since the 1970s, after averaging 96.6 pct in 1985.
+    Thai banks have cut lending and deposit rates a record six
+times since January 1986, during which time the average minimum
+loan rate fell to 11.5 pct from 15.5 and the gross one-year
+fixed deposit rate to 7.25 pct from 11.
+    Five banks announced last week they would cut their maximum
+lending rates to small borrowers by one percentage point to 14
+pct.
+    Kunthon of Thai Farmers estimated banks now have a combined
+80 billion baht unused overdraft line as many small and
+medium-size companies delay borrowing in anticipation of more
+cuts in interest rates.
+    The record liquidity has seriously hurt the profits of
+banks, which have been forced to invest idle funds in low-yield
+government securities.
+    Kunthon said the banks hold four to 10 billion baht in
+short-term government bonds bought through the Bank of
+Thailand's bond repurchase facility, double the normal amount.
+    Thailand's 16 local commercial banks registered one of
+their worst years in 1986, with overall profits falling over 30
+pct after a 14 pct decline in 1985.
+    Kunthon said profits should increase 10 pct this year as
+the banks adjust to the new interest rate structure.
+    Olarn Chaipravat, senior executive vice president of Siam
+Commercial Bank Ltd, told reporters last week the liquidity
+problem stems partly from the fact most loan demands come from
+businesses seeking funds for small, labour-intensive projects.
+    He said there are few large, capital-intensive projects and
+many borrowers go offshore to meet their requirements.
+    Somboon Chinsavananond, Thai Farmers' fund management
+executive, said liquidity has been aggravated by the central
+bank's policy of fixing a stable baht-dollar exchange rate
+which permits Thai companies to import dollar-denominated funds
+with a minimal risk of currency exchange losses.
+    He said underlying bearishness towards the U.S. Dollar has
+encouraged foreign borrowers who hope to pay less on loan
+principal when their loans mature.
+    Thai bankers said central bank governor Kamchorn Sathirakul
+last month rejected a request to increase a 10 pct withholding
+tax on interest on foreign loans, a measure they said would
+reduce foreign borrowings. The governor replied the bankers
+should extend more loans to rural areas instead.
+    Bankers said some Thai banks have offered credit-worthy
+clients loans at near money market rates of seven to eight pct
+in a bid to compete with foreign funds.
+    A market analyst at Siam Commercial Bank said bank lending
+at such rates amount to about 15 pct of all loans extended by
+the industry.
+    A foreign banker, who requested anonymity, said the
+"segmented market approach" used by Thai banks for setting
+different lending rates has caused dislocation of funds in the
+financial sector, eroded bank profits and prevented banks from
+taking a more logical move of further cutting interest rates.
+    He said the liquidity problem gives the Bank of Thailand a
+perfect opportunity to assert more control on the Thai money
+market.
+    The Bank of Thailand is taking "a step in the right
+direction" by planning to float three billion baht in bonds to
+mop up part of the surplus, he said, but he added the bank has
+been lax in using its bond repurchase window as a tool to
+absorb or inject liquidity into the market.
+    William Wu, head of the Treasury Unit of Chase Manhattan
+Bank N.A., Said the money market lacks the instruments to
+absorb liquidity and avoid sharp interest rate fluctuations.
+    He said the liquidity has fuelled the stock market's
+strongest rally in seven years and Thailand should seize the
+opportunity to develop the corporate bond market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3837" NEWID="14854">
+<DATE> 8-APR-1987 04:27:12.70</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0235&#31;reute
+u f BC-CHINA-INDUSTRIAL-OUTP   04-08 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA INDUSTRIAL OUTPUT RISES IN FIRST QUARTER</TITLE>
+<DATELINE>    PEKING, April 8 - </DATELINE><BODY>China's industrial output rose 14.1 pct
+in the first quarter of 1987 against the same 1986 period, the
+People's Daily said.
+    Its overseas edition said the growth rate, which compares
+with a target of seven pct for the whole of 1987, was "rather
+high" but the base in the first quarter of 1986 was on the low
+side. Industrial output grew 4.4 pct in the first quarter of
+1986.
+    It said China's industrial production this year has been
+normal but product quality and efficiency need further
+improvement. It gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3838" NEWID="14855">
+<DATE> 8-APR-1987 04:28:37.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0238&#31;reute
+b f BC-SAITAMA-BANK-ISSUES-1   04-08 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAITAMA BANK ISSUES 100 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The Saitama Bank Ltd is issuing a 100 mln
+dlr convertible eurobond due March 31, 2002 paying an indicated
+two pct and priced at par, the bank's London office said. The
+issue is being lead managed by Saitama Bank (Europe) SA.
+    The deal is available in denominations of 5,000 dlrs and
+will be listed in Luxembourg. Final terms will be set on April
+15.
+    The selling concession is 1-1/2 pct while management and
+underwriting each pay 1/2 pct. The payment date is May 6 and
+there will be a short first coupon period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3839" NEWID="14856">
+<DATE> 8-APR-1987 04:29:21.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0240&#31;reute
+b f BC-WESTPAC-BANKING-ISSUE   04-08 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTPAC BANKING ISSUES 50 MLN AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Westpac Banking Corporation is issuing a
+50 mln Australian dlr eurobond due May 6, 1990 paying 14-1/2
+pct and priced at 101-1/4 pct, lead manager Deutsche Bank
+Capital Markets said.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 Australian dlrs and will be listed in
+Luxembourg. The selling concession is one pct, while management
+and underwriting combined pays 1/2 pct.
+    The payment date is May 6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3840" NEWID="14857">
+<DATE> 8-APR-1987 04:30:07.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0242&#31;reute
+u f BC-JAPANESE-AUTOMAKERS-T   04-08 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE AUTOMAKERS TURN TO FOUR-WHEEL STEERING</TITLE>
+<AUTHOR>    By Jeff Stearns, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Major Japanese automakers are gearing up
+to equip sporty models with four-wheel steering, a feature that
+could become standard on high-grade cars in the future,
+automotive industry sources said.
+    Two companies are ready to market such cars soon, they
+said. Honda Motor Co Ltd will sell its Prelude with four-wheel
+steering from this Friday, and Mazda Motor Corp officials say a
+model with the new steering will be out by mid-year. Mazda aims
+to ship the cars overseas before year-end but the decision will
+depend on initial consumer reaction.
+    Nissan Motor Co Ltd has offered a less sophisticated
+four-wheel steering system on its Skyline since August 1985.
+Toyota Motor Corp has exhibited its developments in the field
+at a recent motor show and Mitsubishi Motors Corp said it will
+use the system in the near future.
+    Though major U.S. And European automakers have also
+researched and tested the four-wheel system, they say they are
+waiting to see consumer response to the Japanese cars and for
+further improvements in safety and costs.
+    Four-wheel steering allows drivers to easily manoeuvre into
+parking spaces and gives more control on sharp turns. 
+    Mazda officials believe the new steering will improve
+safety. "At extremes, four-wheel steering gives a driver more
+control," said one official. "On slippery surfaces or at high
+speeds, the system reduces unnecessary movement of the vehicle."
+    While acknowledging the added vehicle stability, a Honda
+engineer said: "This invention is not intended to improve
+safety, but is aimed at allowing everyone to drive easily."
+    Mazda's electronic steering system tells the back wheels to
+turn in the opposite direction from the front wheels at slow
+speeds but in the same direction at high speeds.
+    Honda's system, which is mechanical, is similar but the
+direction of the rear wheels is determined by the angle of the
+front wheels. With Nissan's system the rear wheels move only
+parallel to the front.
+    Automakers say professional drivers who have tested the
+four-wheel steering say it greatly improves handling.
+    An official with one U.S. Vehicle manufacturer said
+four-wheel steering is a technical improvement, but it is
+uncertain whether it will translate into higher sales or
+profits. "All automakers are interested in something new," he
+said. "If it becomes a predominant factor, everyone will want to
+follow."
+    The official said four-wheel steering is partly a gimmick
+to sell cars. "It's a benefit of a secondary nature compared
+with devices for fuel economy or emission control."
+    General Motors Corp has developed a four-wheel steering
+system, but is unlikely to market it within the next five
+years, Y. Hojoh, engineer with the Japan branch of General
+Motors Overseas Corp, said. GM must consider the costs to the
+consumer, he added.
+    The industry sources said the additional cost of the system
+in Japan would probably make little difference to the consumer
+as it would be added to already high-priced models.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3841" NEWID="14858">
+<DATE> 8-APR-1987 04:41:01.47</DATE>
+<TOPICS><D>trade</D><D>rice</D><D>livestock</D><D>carcass</D><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>brazil</D><D>china</D><D>australia</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0258&#31;reute
+u f BC-JAPAN-MINISTRY-SAYS-O   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MINISTRY SAYS OPEN FARM TRADE WOULD HIT U.S.</TITLE>
+<AUTHOR>    By Fumiko Fujisaki, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Japan's Agriculture Ministry, angered by
+U.S. Demands that Japan open its farm products market, will
+tell U.S. Officials at talks later this month that
+liberalisation would harm existing U.S. Farm exports to Japan,
+a senior ministry official said.
+    "Imports from the U.S. Would drop due to active sales drives
+by other suppliers," the official, who declined to be named,
+said. "Japan is the largest customer for U.S. Farm products and
+it is not reasonable for the U.S. To demand Japan liberalise
+its farm import market," he said.
+    Agriculture Minister Mutsuki Kato has said if the U.S.
+Insists Japan open its protected rice market it will also open
+its wheat market, where volume and origin are regulated to
+protect local farmers.
+    Australia and Canada could then increase their wheat
+exports as they are more competitive than the U.S., He said.
+End-users would also buy other origins, grain traders said.
+    U.S. Agriculture Secretary Richard Lyng, who is due to
+visit Japan for talks between April 16-27, has said he will ask
+Japan to offer a share of its rice market to U.S. Suppliers and
+remove quotas on U.S. Beef and citrus imports.
+    Other countries are already cutting into the U.S. Market
+share here. Australia, the largest beef supplier to Japan, has
+been trying to boost exports prior to the expiry of a four-year
+beef accord next March 31.
+    Imports of U.S. Corn have fallen due to increased sales
+from China and South America, while Japanese soybean imports
+from Brazil are expected to rise sharply this year, although
+the U.S. Will remain the largest supplier.
+    U.S. Feedgrain sales will also drop if Japan opens up its
+beef imports, since Japan depends almost entirely on feedgrain
+imports, mainly from the U.S., Japanese officials said.
+    An indication of the U.S. Position came last December when
+Under Secretary of Agriculture Daniel Amstutz said Japan has
+the potential to provide one of the largest boosts to U.S.
+Agricultural exports, with the beef market alone representing
+some one billion dlrs in new business.
+    The U.S. Has also asked the General Agreement on Tariffs
+and Trade to investigate the legality of Japanese import
+controls on 12 other farm products, including fruit juices,
+purees and pulp, tomato juice, ketchup and sauce, peanuts,
+prepared beef products and miscellaneous beans.
+    To help calm heated trade relations with the U.S., Japan's
+top business group Keidanren has urged the government to remove
+residual import restrictions on agricultural products.
+    But Agriculture Minister Kato has ruled out any emotional
+reaction, and the senior ministry official said the farm issue
+should not become a scapegoat for trade pressure in the
+industrial sector.
+    "Japan is the largest buyer of U.S. Farm products, and these
+issues should not be discussed on the same table," the official
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3842" NEWID="14859">
+<DATE> 8-APR-1987 04:45:50.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0270&#31;reute
+u f BC-AMATIL-PROPOSES-TWO-F   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMATIL PROPOSES TWO-FOR-FIVE BONUS SHARE ISSUE</TITLE>
+<DATELINE>    SYDNEY, April 8 - </DATELINE><BODY>Amatil Ltd &lt;AMAA.S> said it proposes to
+make a two-for-five bonus issue out of its revaluation reserve
+to shareholders registered May 26.
+    Shareholders will be asked to approve the issue and an
+increase in authorised capital to 175 mln shares from 125 mln
+at a general meeting on May 1, it said in a statement.
+    The new shares will rank for dividends declared after
+October 31. Amatil, in which B.A.T. Industries Plc &lt;BTI.L>
+holds a 41 pct stake, said it does not expect to maintain its
+latest annual dividend rate of 29 cents a share on the enlarged
+capital.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3843" NEWID="14860">
+<DATE> 8-APR-1987 04:52:50.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0280&#31;reute
+b f BC-BOWATER-1986-PRETAX-P   04-08 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOWATER 1986 PRETAX PROFITS RISE 15.6 MLN STG</TITLE>
+<DATELINE>    LONDON, April 8 -
+    </DATELINE><BODY>Shr 27.7p vs 20.7p
+    Div 6.0p vs 5.5p making 10.0p vs 9.25p
+    Turnover 1.34 billion stg vs 1.29 billion
+    Pretax profit 48.0 mln vs 32.4 mln
+    Tax 14.4 mln vs 6.9 mln
+    Company name is Bowater Industries Plc &lt;BWTR.L>
+    Trading profit 63.4 mln vs 45.1 mln
+    Trading profit includes -
+    Packaging and associated products 23.2 mln vs 14.2 mln
+    Merchanting and services 18.4 mln vs 9.6 mln
+    Tissue and timber products 9.0 mln vs 5.8 mln
+    Interest debit 15.4 mln vs 12.7 mln
+    Minority interests 7.0 mln debit vs 6.2 mln debit
+    Extraordinary items 15.4 mln credit vs 11.9 mln debit
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3844" NEWID="14861">
+<DATE> 8-APR-1987 05:06:23.11</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0297&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   04-08 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST AT 250 MLN STG</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The Bank of England said it forecast a
+shortage of around 250 mln stg in the money market today.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and the take-up of treasury bills will drain
+some 505 mln stg, while bills for repurchase by the market will
+remove around 194 mln. In addition, a rise in note circulation
+and bankers' balances below target will each drain around 110
+mln stg.
+    Partly offsetting these outflows, exchequer transactions
+will add some 690 mln stg to the system today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3845" NEWID="14862">
+<DATE> 8-APR-1987 05:11:02.77</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0302&#31;reute
+u f BC-SOUTH-KOREA-MOVES-TO   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA MOVES TO SLOW GROWTH OF TRADE SURPLUS</TITLE>
+<AUTHOR>    By Moon Ihlwan, Reuters</AUTHOR>
+<DATELINE>    SEOUL, April 8 - </DATELINE><BODY>South Korea's trade surplus is growing too
+fast and the government has started taking steps to slow it
+down, Deputy Prime Minister Kim Mahn-je said.
+    He told a press conference the government planned to
+increase investment, speed up the opening of the local market
+to foreign imports and gradually adjust its currency to hold
+the surplus "at a proper level."
+    But he said the government would not allow the won to
+appreciate too much in a short period of time. South Korea has
+been under pressure from Washington to revalue the won.
+    The U.S. Wants South Korea to cut its trade surplus with
+the U.S., Which rose to 7.4 billion dlrs in 1986 from 4.3
+billion dlrs in 1985.
+    Kim, who is also economic planning minister, said prospects
+were bright for the South Korean economy, but the government
+would try to hold the current account surplus to around five
+billion dlrs a year for the next five years.
+    "Our government projections of eight pct GNP growth, five
+billion dlrs of (current account) surplus and 12 pct growth in
+exports all seemed to be reasonable early this year. But now
+the surplus is growing faster than we expected," he said.
+    Trade ministry officials said South Korea's exports rose 35
+pct to 9.34 billion dlrs in the first three months of this
+year, while imports rose only 8.5 pct to 8.2 billion dlrs.
+    Kim said the swing of South Korea's current account to a
+surplus of 4.65 billion dlrs in 1986 from an 890 mln dlr
+deficit in 1985 was very significant. The surplus enabled the
+country to reduce its foreign debt last year for the first
+time.
+    South Korea's foreign debt, which fell to 44.5 billion dlrs
+in 1986 from 46.8 billion in 1985, is still among the largest
+in Asia.
+    "This huge amount of our foreign debt has been one of the
+major constraints on our development... Last year was a major
+turning point for the Korean economy," Kim said.
+    Kim said his government plannned to reduce the ratio of
+foreign debt to the country's GNP to about 20 pct in 1991, from
+about 50 pct in 1986.
+    "The government, however, does not want to accelerate
+reducing the debt by making an excessive trade surplus," he
+said.
+    Kim said a sudden rise in the surplus would cause inflation
+and lead to trade friction with Seoul's major trading partners,
+particularly the United States.
+    "We need a surplus because we have to reduce our debt, but
+we are taking measures to hold the size of the surplus at a
+proper level," Kim said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3846" NEWID="14863">
+<DATE> 8-APR-1987 05:11:12.63</DATE>
+<TOPICS><D>gas</D><D>lead</D></TOPICS>
+<PLACES><D>finland</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0303&#31;reute
+u f BC-FINNS-AND-CANADIANS-T   04-08 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNS AND CANADIANS TO STUDY MTBE PRODUCTION PLANT</TITLE>
+<DATELINE>    HELSINKI, April 8 - </DATELINE><BODY>Finland's national oil company Neste Oy
+&lt;NEOY.HE> said in a statement it had agreed with Canadian firms
+to study the feasibility of building a plant in Edmonton,
+Canada, to produce a replacement for lead in petrol.
+    The prospective plant would cost an estimated 270 mln
+Canadian dlrs and would produce methyl tertiary butyl ether
+(MTBE) from raw materials available locally, it said.
+    The partners in the study are Neste Oy, Celanese Canada
+Inc, Hoechst Celanese Corporation and Trade Mountain Pipe Line
+Company Ltd, of Vancouver, B.C.
+    The Edmonton site was suitable because of the raw materials
+availability, the proximity to pipeline transportation and the
+important capital and operating advantages gained by locating
+on an existing Celanese Canada site, the statement said.
+    The partners would look into the feasibility of a plant
+producing 500,000 tonnes per annum of MTBE, an octane enhancer
+that can replace tetra ethyl lead.
+    Most of the MTBE would be targeted for the United States
+where lead levels in gasoline are being lowered because of
+health concerns, the statement added.
+    Canadian lead limits are currently 11 times as high as the
+U.S. Limit but lead is scheduled for virtual elimination in
+Canada by 1993, which should create a Canadian demand for MTBE,
+it said.
+    Finland's Neste Oy, whose turnover last year was over five
+billion dlrs, has extensive experience with MTBE. It has a
+major investment in an MTBE plant in Saudi Arabia.
+    The Edmonton, Alberta plant would be scheduled to go on
+stream in late 1989, the statement said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4368" NEWID="14864">
+<DATE> 8-APR-1987 05:11:20.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0304&#31;reute
+u f BC-GERMAN-ENGINEERING-WA   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN ENGINEERING WAGE-ROUND TALKS BREAK DOWN</TITLE>
+<DATELINE>    NECKARWESTHEIM, West Germany, April 8 - </DATELINE><BODY>Talks between
+employers and unions in the West German engineering industry
+over pay and working hours broke down without result late last
+night, an official from the IG-Metall union said.
+    IG-Metall, Western Europe's largest union, is reviving its
+campaign for a 35-hour working week and is demanding a five pct
+pay increase. Strikes for a 35-hour week in 1984 brought West
+Germany's automobile industry virtually to a standstill.
+    The result of the 1984 campaign was a compromise reduction
+in working hours to 38.5 from 40.
+    The talks which broke down yesterday were in the key North
+Wuerttemberg/North Baden area, which generally sets the trend
+for the rest of the country.
+    IG-Metall official Ernst Eisenmann, speaking last night,
+blamed the failure of the negotiations on the employers. He
+said they had been uncompromising on the question of the
+shorter week.
+    Hans-Peter Stihl, negotiating for the employers, said any
+plan to reduce working hours gradually to 35 hours was
+unacceptable. 
+    The employers have not made an official offer on cutting
+the working week, but sources involved in the negotiations say
+that they are working on the basis of a possible half-hour
+reduction from next year and a pay increase of 2.7 pct in 1987
+and of 1.5 pct in 1988.
+    The Union will propose that the negotiations be officially
+declared a failure and then a process of arbitration is likely.
+    IG-Metall has said that cutting the working week will
+create jobs in West Germany where more than two mln people are
+unemployed. IG-Metall itself has about 2.5 mln members.
+    IG-Metall has already been staging a series of "warning
+strikes" to press home demands for the 35-hour week.
+    Yesterday, 23,000 engineering workers struck at 90 plants
+for one to two hours, according to an IG-Metall statement.
+    Among the strikers were 4,000 at a Daimler-Benz AG &lt;DAIG.F>
+plant in Bremen, and 3,100 at Ford Motor Co's &lt;F> Ford-Werke AG
+plant in Saarlouis.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3848" NEWID="14865">
+<DATE> 8-APR-1987 05:17:41.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C
+&#22;&#22;&#1;f0317&#31;reute
+u f BC-CRA-SOLD-FORREST-GOLD   04-08 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRA SOLD FORREST GOLD FOR 76 MLN DLRS - WHIM CREEK</TITLE>
+<DATELINE>    SYDNEY, April 8 - </DATELINE><BODY>&lt;Whim Creek Consolidated NL> said the
+consortium it is leading will pay 76.55 mln dlrs for the
+acquisition of CRA Ltd's &lt;CRAA.S> &lt;Forrest Gold Pty Ltd> unit,
+reported yesterday.
+    CRA and Whim Creek did not disclose the price yesterday.
+    Whim Creek will hold 44 pct of the consortium, while
+&lt;Austwhim Resources NL> will hold 27 pct and &lt;Croesus Mining
+NL> 29 pct, it said in a statement.
+    As reported, Forrest Gold owns two mines in Western
+Australia producing a combined 37,000 ounces of gold a year. It
+also owns an undeveloped gold project.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3849" NEWID="14866">
+<DATE> 8-APR-1987 05:22:58.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0324&#31;reute
+b f BC-MALAYSIA-SETS-100-MLN   04-08 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA SETS 100 MLN SWISS FRANC NOTES ISSUE</TITLE>
+<DATELINE>    ZURICH, April 8 - </DATELINE><BODY>Malaysia is launching a 100 mln Swiss
+franc 5-3/4 pct 10-year notes issue priced at 100.2 pct, lead
+manager Swiss Bank Corp said.
+    Payment date is expected to be April 22. Early redemption
+is not allowed.
+    Swiss Bank Corp said this is the first time Malaysia has
+tapped the Swiss capital market since it issued a bond here in
+July 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3850" NEWID="14867">
+<DATE> 8-APR-1987 05:34:49.60</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0342&#31;reute
+u f BC-GERMAN-INDUSTRIAL-EMP   04-08 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN INDUSTRIAL EMPLOYMENT SEEN STAGNATING</TITLE>
+<DATELINE>    WEST BERLIN, April 8 - </DATELINE><BODY>The number of workers employed in
+the West German industrial sector stagnated in the last quarter
+of 1986 as a 50,000 increase in overall employment benefited
+only the services branch, the DIW economic institute said.
+    A DIW report added the general downturn in the economy
+since last Autumn had had a negative effect on the willingness
+of firms to take on workers. It referred to a marked downturn
+in the number of workers taken on in the capital goods sector.
+    New orders for manufacturing industry goods have mostly
+fallen or stagnated in recent months, but data for February
+finally showed a reversal of the trend, with a 1.9 pct rise.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3851" NEWID="14868">
+<DATE> 8-APR-1987 05:45:11.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0356&#31;reute
+b f BC-FEDERAL-REALTY-ISSUES   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL REALTY ISSUES 75 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Federal Realty Investment Trust is
+issuing a 75 mln dlr convertible eurobond due April 30, 2002
+paying an indicated coupon of 5-1/4 to 5-1/2 pct and priced at
+par, lead manager Salomon Brothers International said.
+    The issue has a put option after seven years which will be
+priced to give the investor a yield in line with current seven
+year U.S. Treasury bond. Final terms will be fixed on April 9.
+    The selling concession is 1-1/2 pct while management and
+underwriting each pay 1/2 pct. The issue is available in
+denominations of 1,000 and 10,000 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3852" NEWID="14869">
+<DATE> 8-APR-1987 05:50:11.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0365&#31;reute
+u f BC-SEOUL-STOCK-MARKET-CO   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEOUL STOCK MARKET CONSOLIDATES ON STATE MEASURES</TITLE>
+<AUTHOR>    By Jo Yun-jeung, Reuters</AUTHOR>
+<DATELINE>    SEOUL, April 8 - </DATELINE><BODY>The South Korean stock market seems to be
+consolidating following government measures to cool its rapid
+rise this year, domestic and foreign analysts said.
+    The composite index hit a record 405.13 early last week,
+nearly 50 pct up from the New Year when it stood at 264.82, but
+plunged to a 383.48 close on April 3, the day after the
+government intervened.
+    Under the measures, industrial firms with bank loans worth
+50 billion won or more must either offer new shares or issue
+convertible bonds to repay the loans.
+    Securities houses will have to sell shares they are holding
+if the volume exceeds 40 pct of their paid-in capital. The
+ceiling for investment trust firms was fixed at 50 pct.
+    South Korean firms have traditionally preferred obtaining
+low interest bank loans -- the current rate is 10 pct -- to
+issuing bonds at a higher rate or floating share issues with
+the attendant dividend pressures and launch expenses.
+    The Seoul Stock Exchange, with 355 listed stocks, grew
+explosively in the first three months of the year, building on
+an already impressive 68.9 pct gain in 1986.
+    Analysts now expect the market to pause temporarily and
+then resume its upward movement, despite the indirect
+government regulation.
+    They said the continuous growth of the nation's gross
+national product (GNP) and trade surplus, improved exports and
+good performances by industrial firms all fuelled the boom.
+    The trade surplus widened to 460 mln dlrs in March from 110
+mln in February, while government economists expect GNP to grow
+nine pct this year.
+    Analysts said the deep slump in the real estate market also
+increased liquidity in the stock market.
+    "Many investors are still confident the market will not lose
+its strength. It seems likely to pause for a while and then
+rebound again," said Park Sin-bom, a director of Lucky
+Securities Co.
+    "There are more positive factors than negative. The market
+is still buoyed by ample liquidity thanks to the economy's
+strong performance."
+    The stock market began to recover during Saturday's
+half-day session with the index closing at 397.24 in active
+trading on Monday, but closed lower on Tuesday at 390.24 on
+turnover of 76 billion won.
+    "I would say the market is flat for the time being.... It is
+very prone to profit-taking after the sharp gains in the first
+three months and the various government measures," a foreign
+analyst said.
+    "But the market will head up again after a rest because the
+fundamentals are expected to rise and investors will be as
+bullish as ever at the slightest sign of a market recovery."
+    He added that the newly launched 30 mln dlr Korea Europe
+Fund would have an impact on the South Korean stock market,
+despite its small volume compared with the 5.72 trillion won of
+listed capital on the Seoul exchange.
+    Local dealers recommend blue chips and financial shares as
+these stand to benefit most from continuing trade friction
+between the United States and Japan and the rumoured
+restructuring of local finance houses.
+    Dealers also cite the shares of domestically oriented
+firms, which are less vulnerable to the effects of the gradual
+appreciation of the won.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3853" NEWID="14870">
+<DATE> 8-APR-1987 05:53:30.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D><D>singapore</D><D>brunei</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0377&#31;reute
+u f BC-MALAYSIA-SHELVES-HUGE   04-08 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA SHELVES HUGE HYDROELECTRIC PROJECT</TITLE>
+<DATELINE>    KUALA LUMPUR, April 8 - </DATELINE><BODY>Malaysia has decided to postone
+development of a five billion dlr hydroelectric power project
+in Sarawak, East Malaysia, until the economy improves, deputy
+Minister of Energy, Telecoms and Post Zainal Abidin Zin said.
+    He told reporters a shortage of funds forced the government
+to shelve the project, which involved building several dams and
+a 20,000 megawatt capacity undersea cable.
+    Malaysia originally planned to export electricity generated
+by the project to Singapore, Brunei and Indonesia by 2000 if
+the project could be started before 1996, Zainal said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3854" NEWID="14871">
+<DATE> 8-APR-1987 05:54:40.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0378&#31;reute
+b f BC-QUEBEC-ISSUES-30-BILL   04-08 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBEC ISSUES 30 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The Province of Quebec is issuing a 30
+billion yen eurobond due May 7, 1997 paying five pct and priced
+at 102-1/2 pct, lead manager Bank of Tokyo International Ltd
+said.
+    The non-callable bond is available in denominations of one
+mln yen and will be listed in Luxembourg. The selling
+concession is 1-1/4 pct, while management and underwriting
+combined pays 3/4 pct.
+    The payment date is May 7.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3855" NEWID="14872">
+<DATE> 8-APR-1987 05:59:42.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0380&#31;reute
+u f BC-BOWATER-INDUSTRIES-PR   04-08 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOWATER INDUSTRIES PROFIT EXCEED EXPECTATIONS</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Bowater Industries Plc &lt;BWTR.L> 1986
+pretax profits of 48.0 mln stg exceeded market expectations of
+around 40 mln and pushed the company's shares up sharply to a
+high of 491p from 468p last night, dealers said.
+    The shares later eased back to 481p. Bowater reported a
+32.4 mln stg profit in 1985.
+    The company said in a statement accompanying the results
+that the underlying trend showed improvement and it intended to
+expand further by developing existing businesses and seeking
+new opportunities.
+    It added that it had appointed David Lyon, currently
+managing director of Redland Plc &lt;RDLD.L> as its new chief
+executive.
+    Analysts noted that Bowater's profits of 18.9 mln stg from
+13.2 mln previously had been given a boost by pension benefits
+of 4.5 mln stg.
+    Profit from Australia and the Far East showed the greatest
+percentage rise, jumping 55.0 pct to 15.5 mln from 10.0 mln,
+while the profit from U.K. Operations rose 30.7 pct to 24.7
+mln, and Europe, 42.9 pct to 11.0 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4371" NEWID="14873">
+<DATE> 8-APR-1987 06:02:39.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0385&#31;reute
+u f BC-CITIBANK-NORWAY-UNIT   04-08 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIBANK NORWAY UNIT LOSES SIX MLN CROWNS IN 1986</TITLE>
+<DATELINE>    OSLO, April 8 - </DATELINE><BODY>Citibank A/S &lt;CCI.N>, the Norwegian
+subsidiary of the U.S.-based bank, said it made a net loss of
+just over six mln crowns in 1986 -- although foreign bankers
+said they expect it to show 1987 profits after two lean years.
+    Citibank's Oslo treasury head Bjoern Sejerstad told
+Reuters, Citibank, one of seven foreign bank subsidiaries
+operating in Norway, lost money because of restructuring for
+investment banking away from commercial banking and an economic
+slump in Norway following last year's plunge in oil prices.
+    Foreign banks have been allowed to operate susbidiaries in
+Norway since 1985.
+    Foreign banking analysts in Oslo said access to Norway's
+second-hand securities and equities markets, to be approved
+later this spring, and lower primary reserve requirements would
+make profit this year.
+    Citibank lost 490,000 crowns in Norway in 1985, but
+Sejerstad said a profit was likely this year because of planned
+liberalisation and better economic performance, helped by a
+steadier oil price of around 18 dlrs a barrel.
+    Earlier this year, Chase Manhattan Bank's &lt;CMB.N>
+subsidiary decided to stop foreign exchange trading after heavy
+losses and focus instead on fee-based merchant banking.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4372" NEWID="14874">
+<DATE> 8-APR-1987 06:08:50.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0394&#31;reute
+u f BC-JAPANESE-ECONOMIC-PAC   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE ECONOMIC PACKAGE SEEN AS MAJOR CHANGE</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>The economic package unveiled yesterday by
+the ruling Liberal Democratic Party (LDP) marks the start of a
+major shift away from the policies of the past, private
+economists and government officials said.
+    "A big step forward has been taken," said Industrial Bank of
+Japan Ltd senior economist Susumu Taketomi.
+    The package, seen as a response to mounting overseas
+pressure to boost the sagging Japanese economy, calls for a
+supplementary budget of more than 5,000 billion yen later this
+year, plus increased imports.
+    Although the measures must still gain the approval of the
+Finance Ministry, economists said the government will find it
+too difficult to alter the measures significantly once they
+have gained domestic and overseas backing.
+    "At last, the LDP and the Ministry of Finance are turning a
+corner," said Sumitomo Bank Ltd's chief economist Masahiko
+Koido.
+    For the past five years the government has adhered to a
+tight fiscal policy in its drive to stop issuing deficit
+financing bonds in 1990.
+    To meet that goal, spending departments are required to
+submit annual budgets for current expenditure 10 pct below the
+previous year and investment five pct below.
+    Masayoshi Ito, chairman of the LDP's policy affairs
+council, said yesterday the government must stick to its 1990
+fiscal reform target, but should review the ceiling it places
+on public works spending.
+    Even some Finance Ministry officials privately acknowledge
+that policy changes might be needed, including easing the
+government's iron grip on spending.
+    Economists said the government could meet its 1990 target
+and also increase spending by using money it got from the sale
+of Nippon Telegraph and Telephone Corp shares and by taking
+advantage of lower than expected interest rates on its debt.
+Officially, the Finance Ministry is adhering to its tight
+stance but some signs of change have appeared.
+    "We do not have any intention of abandoning our objective to
+restore fiscal balance," a Finance Ministry spokesman said.
+    He said so far the ministry had tried to achieve two goals
+simultaneously. These were reforming the government's fiscal
+position and stimulating domestic demand.
+    But the Finance Ministry spokesman added, "In looking at the
+current situation of the economy and the relationship between
+Japan and the United States, we feel we have to place more
+emphasis on stimulating demand."
+    Economists predict battles within the government over the
+coming months as the Finance Ministry fights to ensure the
+cracks in its policy do not lead to a complete breakdown of
+fiscal discipline.
+    "The Ministry is afraid that once there is a small hole in
+the dike, it will lead to a flood," Industrial Bank's Taketomi
+said.
+    But Taketomi said the ministry, provided it has a device in
+place to check excess spending for political reasons, is likely
+to give the go-ahead to a shift in policy.
+    "This seems to mark the first step toward a more active
+fiscal policy in response to requests from the international
+community," he said.
+    Sumitomo's Koido said if the government quickly implements
+the LDP's 5,000 billion yen package, economic growth in the
+1987/88 year ending next March 31 could be around three pct,
+His current forecast of 2.2 pct growth assumes a supplementary
+budget of around 1,000 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3858" NEWID="14875">
+<DATE> 8-APR-1987 06:09:57.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0397&#31;reute
+u f BC-VIEILLE-MONTAGNE-SAYS   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIEILLE MONTAGNE SAYS 1986 CONDITIONS UNFAVOURABLE</TITLE>
+<DATELINE>    BRUSSELS, April 8 - </DATELINE><BODY>A sharp fall in the dollar price of
+zinc and the depreciation of the U.S. Currency created
+unfavourable economic conditions for Vieille Montagne SA
+&lt;VMNB.BR> in 1986.
+    It said in a statement that the two factors led to a
+squeeze on refining margins and an 18.24 pct fall in sales and
+services income despite an unchanged level of activity.
+    Vieille Montagne, which is actively pursuing a
+restructuring program, reported a 198 mln franc net loss, after
+187 mln francs in provisions for the closure of an electrolysis
+plant, compared with a 250 mln franc net profit in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3859" NEWID="14876">
+<DATE> 8-APR-1987 06:10:25.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0399&#31;reute
+u f BC-VIEILLE-MONTAGNE-REPO   04-08 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIEILLE MONTAGNE REPORTS LOSS, DIVIDEND NIL</TITLE>
+<DATELINE>    BRUSSELS, April 8 - </DATELINE><BODY>1986 Year
+    Net loss after exceptional charges 198 mln francs vs profit
+    250 mln
+    Exceptional provisions for closure of Viviez electrolysis
+    Plant 187 mln francs vs exceptional gain 22 mln
+    Sales and services 16.51 billion francs vs 20.20 billion
+    Proposed net dividend on ordinary shares nil vs 110 francs
+    Company's full name is Vieille Montagne SA &lt;VMNB.BR>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3860" NEWID="14877">
+<DATE> 8-APR-1987 06:12:46.17</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>belgium</D><D>uk</D><D>spain</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0406&#31;reute
+b f BC-EC-MAINLY-FOR-TIN-EXT   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MAINLY FOR TIN EXTENSION, NO U.K. STAND TAKEN</TITLE>
+<DATELINE>    BRUSSELS, April 8 - </DATELINE><BODY>European Community (EC) members of the
+International Tin Council, except Britain, have said they are
+prepared to back an extension of the International Tin
+Agreement, an EC spokesman said.
+    He said at a meeting of EC states' representatives here
+yesterday, Britain undertook to communicate its own decision to
+its partners today. It said it was not ready yesterday to take
+a stand but did not say why.
+    He added nine other EC states backed an extension. Spain
+and Portugal, which are not members of the International Tin
+Council, raised no objections to a common EC stance in favour.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4373" NEWID="14878">
+<DATE> 8-APR-1987 06:15:33.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0412&#31;reute
+u f BC-IAE-CALLS-OFF-SUPERFA   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IAE CALLS OFF SUPERFAN ENGINE PROJECT</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The five-nation &lt;International Aero
+Engine> (IAE) consortium has decided not to go ahead with the
+proposed launch of its Superfan engine, a spokesman for
+consortium member &lt;Rolls-Royce Plc> said.
+    He said a group board meeting had concluded that a launch
+would have been premature given the risks involved in trying to
+meet an availability date of Spring, 1992 required by airlines.
+    However, he added that the project had not been cancelled
+and could be offered later on.
+    The engine was originally proposed for fitting on the
+&lt;Airbus Industrie> A340.
+    IAE's members are Rolls, United Technologies Corp's &lt;UTX.N>
+Pratt and Whitney, Fiat SpA &lt;FIAT.MI> &lt;Japanese Aero Engines
+Corp> and &lt;MTU> of West Germany.
+    Airbus said this week it would switch to the Franco-U.S.
+CFM-56-S3 alternative because of doubts whether the Superfan
+would be ready on time.
+    Rolls, which has been state-owned since 1971, launches its
+"pathfinder" prospectus giving preliminary details of its public
+flotation later today.
+    Analysts said that the timing of the postponement of
+Superfan -- an 30,000 pound thrust upgrade of the consortium's
+V2500 engine fitted to the A320 -- was embarrassing but should
+not be considered a serious blow. If anything, it indicated the
+financial prudence of the group, one added.
+    The Rolls spokesman added that the decision did not affect
+the V2500 programme itself. Equally, there was the possibility
+that the consortium would go ahead with the Superfan later on.
+    Rolls RB211 engine was not available for fitting to early
+versions of the Boeing Co &lt;BA.N> 747 but had since captured
+about 25 pct of the market, he noted.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3862" NEWID="14879">
+<DATE> 8-APR-1987 06:16:27.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0413&#31;reute
+u f BC-JAPAN,-BRITAIN-TO-EXC   04-08 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN, BRITAIN TO EXCHANGE SECURITIES MARKET INFO</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Japan and Britain have signed a memorandum
+on exchange of securities market information to protect
+investors and promote the integrity of securities markets,
+Finance Ministry officials said.
+    As interaction between Japanese and U.K. Securities markets
+grows, it is desirable for both countries to exchange
+supervisory and investigatory information to assist each other
+in securing compliance with their statutes, rules and
+requirements, the memorandum said.
+    The ministry's securities bureau has a similar arrangement
+with the U.S. Securities and Exchange Commission.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4374" NEWID="14880">
+<DATE> 8-APR-1987 06:18:37.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0417&#31;reute
+u f BC-SOUTH-KOREA-STUDIES-R   04-08 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA STUDIES RESTRUCTURING FINANCIAL SECTOR</TITLE>
+<DATELINE>    SEOUL, April 8 - </DATELINE><BODY>Deputy prime minister Kim Mahn-je said
+South Korea is studying various measures to reform what he
+described as its underdeveloped bank and financial sector.
+    Kim, who is also economic planning minister, told a news
+conference the country's banks and finance houses had not
+developed to keep pace with their industrial counterparts.
+    He said two major factors had hampered the development of
+the financial sector -- high inflation and heavy government
+intervention in bank decision-making.
+    He said in the past the government had pressed banks to
+give soft loans to industry to boost economic growth.
+    Kim said the government would now give top priority to
+interest rate liberalisation. This could be achieved within
+several years, though not within one year.
+    He said liberalisation was possible because South Korea's
+current account had turned from a deficit to a surplus, which
+had brought in foreign funds and increased domestic savings.
+    The current account recorded a surplus of 4.65 billion dlrs
+in 1986 after a deficit of 890 mln dlrs in 1985.
+    But Kim said the government needed to reorganise much of
+the financial sector.
+    Kim said mergers of some financial companies and the
+upgrading of others to merchant banks or full banks were being
+considered by the financial development committee of the
+finance ministry. He did not elaborate but said he expected no
+drastic measures to be announced this year.
+    On liberalisation of the country's stock market, Kim said
+despite Seoul's determination to open it up, free investments
+there by foreigners would not be allowed in the near future
+because the market was currently "over-heated." He said this was
+due to ample liquidity created partly by the country's current
+account surplus.
+    Kim said the market was extremely vulnerable to a sudden
+influx of foreign funds because it was still very small in
+terms of size and numbers of shareholders.
+    "Opening up the capital market must wait until the
+vulnerability to such an influx is removed," he said.
+    He said only about one mln South Koreans, out of a
+population of 40 mln, invest in the Seoul market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3864" NEWID="14881">
+<DATE> 8-APR-1987 06:23:32.74</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0422&#31;reute
+u f BC-JAPAN-GIVEN-LITTLE-HO   04-08 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN GIVEN LITTLE HOPE OF AVOIDING U.S. SANCTIONS</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>A top U.S. Official said Japan has little
+chance of convincing the U.S. To drop threatened trade
+sanctions, despite the efforts of a Japanese team that left for
+Washington today.
+    Michael Armacost, Under Secretary of State for Political
+Affairs, was asked at a press conference whether Japan's moves
+to boost its domestic economy and open its markets could
+persuade the U.S. Not to impose tariffs on Japanese imports
+said, and replied: "...It is probably too early for the figures
+to demonstrate that the situation has turned around and to
+permit the result you have described."
+    Armacost said the U.S. Hopes Japan will take steps to lift
+its domestic economy and reduce dependence on exports, remove
+barriers to imports and settle outstanding trade issues.
+    "There are obvious problems at the moment in the trade area,
+but we do not wish those problems to divert attention from
+important areas of cooperation that continue to exist on
+security and political issues," he said.
+    "The question is whether through cooperative actions between
+our governments we can reduce the (trade) imbalance or whether
+Congress takes action to reduce it through protectionist
+legislation," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3865" NEWID="14882">
+<DATE> 8-APR-1987 06:25:24.20</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>thailand</D><D>china</D><D>japan</D><D>philippines</D><D>japan</D><D>singapore</D><D>south-korea</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0425&#31;reute
+u f BC-THAI-ZINC-EXPORTS-FAL   04-08 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI ZINC EXPORTS FALL IN MARCH</TITLE>
+<DATELINE>    BANGKOK, April 8 - </DATELINE><BODY>Thai zinc ingot exports fell to 882
+tonnes in March from 1,764 in February and 3,008 in March 1986,
+the Mineral Resources Department said.
+    A spokesman for Padaeng Industry Co Ltd, the country's sole
+exporter, attributed the decline to the company's lower stocks,
+which averaged 5,000 tonnes in the first quarter against 16,000
+tonnes in late 1985 when it began exporting.
+    The department said major buyers included China, Japan, the
+Philippines, South Korea, Singapore and Taiwan.
+    Thailand exported 4,842 tonnes of zinc ingots during the
+first quarter, down from 14,937 a year ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4376" NEWID="14883">
+<DATE> 8-APR-1987 06:27:04.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0433&#31;reute
+u f BC-DUTCH-PROPOSE-STRICT   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH PROPOSE STRICT INSIDER TRADING LAW</TITLE>
+<DATELINE>    THE HAGUE, April 8 - </DATELINE><BODY>The ministries of Finance and Justice
+said they have presented parliament with a new law to make
+insider trading in shares a criminal offence.
+    A year ago, the Amsterdam Bourse announced its own rules,
+effective from January 1, 1987, aimed at preventing unfair use
+of inside information in the trading shares listed on the
+exchange, but said back-up legislation was essential.
+    The proposed law calls for up to two years imprisonment,
+fines of up to 100,000 guilders for an individual and one
+million guilders for a company, and repayment to the state of
+profits made from insider dealing.
+    The proposed fines are higher than any currently in force
+in Dutch law, a joint statement from the two ministries said.
+    The draft law sets no limit to the illegal profits to be
+repaid. The amount would be determined by a court.
+    A Finance Ministry spokesman said the time-frame for the
+introduction of the new legislation depended entirely on its
+reception in Parliament.
+    In the meantime the Bourse's Share Trading Association
+monitors business closely, frequently suspending or even
+rescinding dealings in a stock when price movements suggest
+that foreknowledge of a pending announcement is being
+exploited.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3867" NEWID="14884">
+<DATE> 8-APR-1987 06:27:57.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0435&#31;reute
+b f BC-DANSK-NATURGAS-ISSUES   04-08 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANSK NATURGAS ISSUES 10 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Dansk Naturgas A/S is issuing a 10
+billion yen eurobond due May 13, 1993 paying 4-5/8 pct and
+priced at 101-5/8 pct, lead manager IBJ International Ltd said.
+    The non-callable bond is available in denominations of one
+mln yen and will be listed in Luxembourg. The selling
+concession is 1-1/4 pct while management and underwriting
+combined pays 5/8 pct. The issue is guaranteed by Denmark.
+    The payment date is May 13.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3868" NEWID="14885">
+<DATE> 8-APR-1987 06:30:51.46</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0437&#31;reute
+b f BC-EC-SUGAR-TENDER-HARD   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SUGAR TENDER HARD TO PREDICT - LONDON TRADE</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The outcome of today's European Community
+(EC) white sugar tender is extremely difficult to predict after
+last week's substantial award of 102,350 tonnes at the highest
+ever rebate of 46.864 European currency units (Ecus) per 100
+kilos, traders said.
+    Some said they believed the tonnage would probably be
+smaller, at around 60,000 tonnes, but declined to give a view
+on the likely restitution. Last week, the European Commission
+accepted 785,000 tonnes of sugar into intervention by operators
+protesting about low rebates. This might be a determining
+factor in today's result, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3869" NEWID="14886">
+<DATE> 8-APR-1987 06:39:46.92</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>yemen-arab-republic</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0446&#31;reute
+u f BC-NORTH-YEMEN-CALLS-SUG   04-08 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH YEMEN CALLS SUGAR BUYING TENDER - TRADE</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>North Yemen has called a buying tender
+for Saturday for the purchase of 30,000 tonnes of white sugar
+for arrival in June, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3870" NEWID="14887">
+<DATE> 8-APR-1987 06:40:04.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0447&#31;reute
+r f BC-JAPAN-TO-HOLD-FORMAL   04-08 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO HOLD FORMAL FINANCIAL TALKS WITH FRANCE</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>The Japanese Finance Ministry said it
+plans to hold formal financial talks with France on April 17 in
+Tokyo, the second such meeting after a first session in May
+last year. The agenda has not yet been decided.
+    The Japanese side will be headed by Toyoo Gyohten, Vice
+Finance Minister for International Affairs, while the French
+delegation will include Daniel Lebegue, Director General of the
+Treasury.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3871" NEWID="14888">
+<DATE> 8-APR-1987 06:41:06.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0450&#31;reute
+u f BC-ANHEUSER-BUSCH-JOINS   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANHEUSER-BUSCH JOINS BID FOR SAN MIGUEL</TITLE>
+<DATELINE>    MANILA, April 8 - </DATELINE><BODY>Anheuser-Busch Companies Inc &lt;BUD.N> has
+joined several other foreign bidders for sequestered shares of
+the Philippines' largest food and beverage maker San Miguel
+Corp &lt;SANM.MN>, the head of a government panel which controls
+the shares told Reuters.
+    Ramon Diaz, Secretary of the Presidential Commission on
+Good Government (PCGG), said Anheuser-Busch had told the
+government it was interested in buying 14 mln "B" shares of San
+Miguel. He did not disclose the offered price.
+    Diaz said Australian brewer Alan Bond's Bond Corp Holdings
+Ltd had offered 150 pesos per share for the "B" shares.
+    Diaz said New York investment bank Allen and Co Inc had
+earlier said it was interested in buying all 38.1 mln
+sequestered shares. He told Reuters last month Elders IXL Ltd
+&lt;ELXA.S>, the Melbourne-based brewing company, had also bid for
+the "B" shares.
+    The Hong Kong Economic Journal last month quoted a
+spokesman of Australian stock broker Jacksons Ltd as saying
+that &lt;Barwon Farmlands Ltd>, an Australian firm owned 30 pct by
+&lt;Ariadne Australia Ltd>, was planning a Filipino branch in
+order to buy the entire block of 38.1 mln shares.
+    Anheuser-Busch last year made a 150 mln dlr bid to buy &lt;San
+Miguel Brewery Ltd>, a Hong Kong listed company which is 69.65
+pct owned by &lt;Neptunia Corp Ltd>, a San Miguel Corp subsidiary.
+    The talks broke down last June after the two sides said
+they could not agree on the terms of the sale.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4378" NEWID="14889">
+<DATE> 8-APR-1987 06:43:56.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0451&#31;reute
+u f BC-CHINA-CONSTRUCTION-BA   04-08 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA CONSTRUCTION BANK MANDATES 150 MLN DLR LOAN</TITLE>
+<DATELINE>    HONG KONG, April 8 - </DATELINE><BODY>The People's Construction Bank of
+China is launching its first international borrowing by
+mandating four foreign banks for a 150 mln U.S. Dlr loan, one
+of the lead managers Banque Indosuez said.
+    The other three lead managers are Bank of Tokyo, Citicorp
+International Ltd and the Industrial Bank of Japan Ltd.
+    The 10 year loan has a 4-1/2 year grace period. Interest is
+set at 1/8 percentage point over London interbank offered rate
+for the first eight years, rising to 1/4 pct for the remaining
+two years. There is a 3/16 pct management fee and an
+unspecified, but very small, commitment fee.
+    Syndication of the loan is expected to start soon and it
+should be signed in Shanghai next month.
+    The Construction Bank, which is one of four specialist
+banks in China, focuses on infrastructure and heavy industrial
+projects.
+    The funds raised will partly finance two ethylene factories
+near Shanghai. Construction of the plants, which are a major
+item in the current five year plan, will begin soon.
+    The plants will cost more than 300 mln dlrs. The remainder
+of the funds will come from export credits and domestic
+borrowings.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3873" NEWID="14890">
+<DATE> 8-APR-1987 06:44:11.87</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>australia</D><D>uk</D><D>canada</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>johnston</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0453&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - AUSTRALIAN MARKETS BOOMING</TITLE>
+<AUTHOR>    By Peter Bale, Reuters</AUTHOR>
+<DATELINE>    SYDNEY, April 8 - </DATELINE><BODY>Australian markets are booming as foreign
+fund managers redirect capital away from the United States and
+other traditional markets, analysts said.
+    High short-term interest rates, a bullish stock market and
+an increasingly stable currency reflect a massive inflow of
+fresh funds in the last two months, largely from Japanese and
+U.S. Investors, analysts polled by Reuters said.
+    Fund managers want quality markets to park their cash in
+and have settled on Australia, Britain and Canada as they
+diversify from volatile U.S. Dollar instruments, they said.
+    A one percentage point fall in key 10-year bonds rates in
+the past month, record share prices and a 10-month high for the
+currency of 0.71 U.S. Dlrs all illustrated the inflow.
+    Official figures on the latest inflow of investment capital
+are not available, but brokers said they received almost daily
+inquiries from Japan and the United States.
+    "These people have got trillions of dollars sloshing about
+and they don't know what to do with it. Some of that is ending
+up here with the attraction of high interest rates and
+reasonable currency stability," National Australia Bank Ltd
+economist Brian Hamley said.
+    "There is a 'flight to quality'," Hamley said. "Australia may
+not be in the best (economic) position, but there aren't too
+many other countries where you'd want to put your money."
+    The stronger Australian dollar was also attracting
+investors taking advantage of an appreciating currency against
+the volatility of the U.S. Unit, analysts said.
+    "We're looking a more favoured market than perhaps the U.S.
+Where some people would be concerned about the value of the
+U.S. Dollar," Lloyds Bank NZA Ltd chief economist Will Buttrose
+said. "Why not put the money in Australia where entry is cheap
+and the currency looks stable?"
+    But turning that capital into more permanent productive
+investment depends on government economic policy, he said.
+    "It will only disappear if people lose confidence in the
+direction in the economy," Buttrose said, adding that offshore
+investors would carefully watch the government's promised tough
+economic statement on May 14.
+    While happy to invest in bonds and other vehicles yielding
+interest unobtainable elsewhere, fund managers could just as
+easily reverse the flow -- particularly the Japanese, who were
+badly hurt in the past by rapid falls in the Australian dollar
+and hefty jumps in bond rates, analysts said.
+    "It will remain very edgy money. If something was not to be
+delivered, if the statement wasn't considered tough enough, one
+might see a substantial outflow," Buttrose said.
+    Offshore investors are eager to see Australia take tough
+economic decisions to curb its 100 billion dlr foreign debt and
+stubborn current account deficit, analysts said.
+    "They are giving us the benefit of the doubt and I think
+they would like to leave the money here," Buttrose said.
+    Reserve Bank policy has also reflected the increased
+interest in investment in Australia and the need to shield
+Japanese investors from rapid currency fluctuations.
+    Reserve Governor Bob Johnston last week acknowledged an
+element of targeting the rate against the yen in currency
+policy when he said authorities could not take their "eyes off
+the yen" because of the crucial role of Japanese investors.
+    Analysts said they believed the Reserve Bank had worked
+successfully in recent months to keep the Australian dollar
+within the range of 100 to 103 yen.
+    Apart from its recovery against a weak U.S. Dollar, the
+Australian dollar has also risen almost three pct on a
+trade-weighted basis in the last three weeks.
+    Offshore buying has also played a role in the booming
+Australian share market. It has followed Wall Street and other
+markets, but is also setting its own trend in response to the
+weight of both domestic and offshore funds pouring into
+equities, particularly in the gold sector.
+    The key all ordinaries index rose to a record 1,758.3
+today, nearly 20 pct above its level at the end of 1986, while
+the gold index has nearly doubled to a record 3,081.0 in the
+same period.
+    The property sector is also sought after, with Japanese
+companies that have invested heavily in the United States in
+recent years turning their attention to undervalued real
+estate, particularly in the tourism field.
+    Analysts pointed to the recent sale of Sydney's five-star
+Regent Hotel to Japanese interests for more than 145 mln dlrs
+as indicative of the type of property being sought.
+    "They think they find good value real estate here which,
+with long term and fixed capital investment, is the kind of
+investment Australia needs," Buttrose added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4380" NEWID="14891">
+<DATE> 8-APR-1987 06:44:25.79</DATE>
+<TOPICS><D>gnp</D><D>cpi</D></TOPICS>
+<PLACES><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0454&#31;reute
+r f BC-ECONOMIC-SPOTLIGHT--   04-08 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - KUWAITI ECONOMY</TITLE>
+<AUTHOR>    By Rory Channing, Reuters</AUTHOR>
+<DATELINE>    KUWAIT, April 8 - </DATELINE><BODY>Kuwait's oil-reliant and debt-ridden
+economy has started to pull out of a nosedive but oil prices
+will determine the pace of recovery, bankers and economists
+say.
+    Crucial will be the ability of the 13-member OPEC to hold
+oil prices around a new benchmark of 18 dlrs a barrel in the
+northern hemisphere summer when demand usually slackens.
+    Bankers estimate the economy, measured in terms of gross
+domestic product (gdp), shrank 19 pct in real terms last year
+after contracting 8.1 pct the year before.
+    This was after taking into account inflation in consumer
+prices of 1.5 pct in 1985, slowing to 1.0 pct in 1986.
+    Factors depressing economic activity include the
+6-1/2-year-old Iran-Iraq war on Kuwait's doorstep, which
+threatens the emirate's vital oil export lifeline through the
+Gulf and has sapped business confidence.
+    But sentiment received a much-needed boost in September
+when, after a series of piecemeal steps to combat a debt crisis
+caused by the 1982 crash of local stock market, a comprehensive
+new debt settlement program was introduced.
+    The share crash, result of a speculative spree in forward
+trading, left 95 billion dlrs of post-dated cheques in default.
+    The cheques were also used as collateral for consumer
+spending, thus generating an informal credit system.
+    Much of the debt has been watered down but big sums are
+still owed by individuals and companies.
+    There was some 4.4 billion dinars (about 15.7 billion dlrs)
+in outstanding bank credit at the end of 1986, of which
+one-quarter to one-third was estimated by bankers to rank as
+bad or doubtful debt. But the government has repeatedly said it
+will not allow any banks to go under.
+    The new debt settlement scheme entails a rescheduling of
+problem credit over 10 to 15 years, depending on whether
+debtors have regular cash flows or not.
+    Banks' shareholders and depositors will have their rights
+guaranteed by the government -- an edict of vital significance
+in a country of only 1.7 mln people where the financial sector
+is the biggest after oil.
+    Kuwait is better placed than any other OPEC country to ride
+out the oil glut, bankers and economists say.
+    Kuwait has an OPEC quota of 948,000 barrels per day (bpd)
+compared with production capacity of 4.0 mln bpd mentioned last
+year by Oil Minister Sheikh Ali al-Khalifa al-Sabah.
+    But strategic diversification into downstream operations in
+Europe several years ago and a hefty refining investment at
+home gives it guaranteed markets abroad and enables it to sell
+over one-half of its output as high-grade refined oil products.
+    Oil industry sources say Kuwait is able to get an average
+2.00 dlrs a barrel more by selling oil in the form of processed
+product such as gas oil, kerosene and naphtha, rather than as
+crude.
+    Bankers say the rebound in oil prices is the major reason
+for cautious optimism. Other reasons are low domestic
+inflation, a bottoming out of the fall in imports in recent
+years and signs government spending on productive sectors will
+remain steady.
+    External accounts are in good shape, with an estimated 1.8
+billion dinar current account surplus in 1986, 16 pct below
+that for 1985, but still an achievement in the recession-hit
+Gulf.
+    Kuwait's petrodollar reserves in mid-1986 were put
+officially at over 80 billion dlrs, earning investment income
+of the equivalent of about 3.65 billion dlrs a year.
+    But for the first time since the end of the oil boom, these
+reserves may not be enough to prevent a "real" budget deficit for
+the 1986/87 fiscal year ending June 30, bankers say.
+    In a budget portrayed by bankers as mildly contractionary,
+revenues for 1986/87 were cut 38.6 pct and spending 11 pct,
+doubling the nominal deficit to 1.33 billion dinars.
+    This left out income from state reserves, usually excluded
+in official budget accounting, which are forecast by bankers at
+up to 1.0 billion dinars in 1986/87, resulting in some
+shortfall.
+    Bankers say it is too early to venture a forecast for
+economic growth this year or next.
+    "It depends on oil prices," one said. "This summer is
+important."
+    Cabinet Affairs Minister Rashid al-Rashid said last Sunday
+the cabinet has ratified recommendations to rationalise state
+spending in favour of productive sectors and reactivate the
+economy.
+    He gave no details but bankers say these are expected to be
+spelled out in the 1987/88 budget, possibly in June.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3875" NEWID="14892">
+<DATE> 8-APR-1987 06:50:05.68</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D><D>soy-oil</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0467&#31;reute
+u f BC-MALAYSIA-MAY-NOT-MEET   04-08 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA MAY NOT MEET 1987 OIL PALM TARGET</TITLE>
+<DATELINE>    KUALA LUMPUR, April 8 - </DATELINE><BODY>Malaysia is unlikely to meet its
+targeted output of five mln tonnes of oil palm in calendar
+1987, oil palm growers told Reuters.
+    Output in 1987 is expected to reach around 4.5 mln tonnes,
+unchanged from 1986, because of drought, low use of fertiliser
+and overstressed palms, they said.
+    The growers were asked for their reaction to an Oil World
+newsletter report that Malaysia's oil palm output is likely to
+drop sharply this year.
+    Palm oil now sells at around 700 ringgit a tonne, or about
+115 ringgit less than soybean oil, but Malaysia must sell more
+palm oil to prevent a stock buildup that could damage the
+industry, a leading grower told Reuters.
+    The country's palm oil stocks now total some 500,000 tonnes
+against about 800,000 last March, the growers said.
+    The growers expect palm oil prices to ease later this year
+due to pressure from South American and U.S. Soybean output.
+    The current South American oilseed harvest, mainly soybean,
+is likely to be around 25.7 mln tonnes against the previous
+21.7 mln tonne crop, they said.
+    In addition, new U.S. Soybean plantings are also expected
+to enter the market around November when Malaysian palm oil
+output peaks.
+    They said new planting of palms is also likely to slow,
+with some 50,000 hectares expected to be planted with new trees
+against 100,000 in 1986, although the effects of this reduction
+will not be felt for about another three years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4382" NEWID="14893">
+<DATE> 8-APR-1987 06:52:12.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0472&#31;reute
+u f BC-ELDERS-PLANS-TO-FLOAT   04-08 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDERS PLANS TO FLOAT OFF COURAGE PUBS</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Elders IXL Ltd &lt;ELXA.S> plans to float
+off the around 5,000 public houses belonging to its U.K.
+Subsidiary Courage Ltd to raise about one billion stg, Elders
+strategy executive director Stuart Kelso said.
+    The scheme, subject of speculation in a Scottish newspaper
+yesterday, was fairly well advanced, but not certain to go
+ahead. "There could be road blocks," he added.
+    The earliest flotation date would be June, though the sale
+will probably be later. Elders would retain a one-third
+interest in the property interests under the current plan.
+    No immediate use has been earmarked for the funds raised.
+    Kelso said float plans currently include an offering of
+debentures to institutional investors and issues of ordinary
+shares and convertible stock for sale to the public.
+    Elders bought Courage from Hanson Trust Plc &lt;HNSN.L> last
+year for 1.4 mln stg. The deal followed Elders' unsuccessful
+efforts to expand into the U.K. Drinks industry by acquiring
+Allied-Lyons Plc &lt;ALLD.L>.
+    Hanson acquired Courage when it took over Imperial Group
+Plc early last year. The Elders plan to raise funds from
+Courage is a variant of the its earlier scheme to sell off 50
+pct stakes in the Allied-Lyons pubs to their publicans, market
+sources added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4383" NEWID="14894">
+<DATE> 8-APR-1987 06:53:41.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0479&#31;reute
+u f BC-FREEPORT-TO-START-SUL   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEPORT TO START SULPHUR MINE IN PHILIPPINES</TITLE>
+<DATELINE>    MANILA, April 8 - </DATELINE><BODY>Freeport McMoran Inc &lt;FTX.N>, a New York
+listed New Orleans-based natural resource, oil and gas company,
+is planning to build and run a surface sulphur mine in the
+central Philippines, a company statement said.
+    It said Freeport officials were in the Philippines to
+discuss contractual arrangements with joint venture partner
+&lt;International Consultex (Philippines) Inc>.
+    The statement quoted Robert Foster, president of Freeport
+Sulphur Co, as saying the company was optimistic about the
+proposed mine at Pamplona in Negros Oriental province, as well
+as the country's investment climate.
+    "The sulphur project will involve initial capital
+expenditures of between 50 and 100 mln dlrs depending upon the
+processing technology and the capacity of the project," Foster
+said. "We anticipate that the project may employ as many as
+1,000 workers in Negros Oriental."
+    Freeport-McMoran's senior vice-president Rene Latiolais
+said the company was also interested in gold and other precious
+metals and geo-thermal energy development in the Philippines.
+    The statement said Freeport, which anticipates 1987 sales
+of 1.5 billion dlrs, is a major producer of sulphur, phosphate
+and nitrogen fertilisers, uranium oxide and geo-thermal energy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4384" NEWID="14895">
+<DATE> 8-APR-1987 06:54:25.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0482&#31;reute
+b f BC-BANK-OF-JAPAN-HAS-NO   04-08 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN HAS NO COMMENT ON YEN BOND REPORT</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>A Bank of Japan spokesman declined to
+comment on a press report that the central bank had decided to
+conduct closer scrutiny of the operations of financial
+institutions in the bond market.
+    The JIJI Press news agency had quoted Bank of Japan sources
+as telling Japanese reporters the bank was deeply concerned
+over potential risk in yen bond trading because the market had
+risen too fast.
+    However, JIJI quoted the sources as saying, the central
+bank would not take such actions as guiding interest rates
+higher.
+    JIJI quoted the sources as saying that current bond market
+yields are similar to short-term interest rates due to
+excessive speculative operations.
+    This was attributable to heavy redemptions of government
+bonds and unclear prospects for the dollar, which has sent many
+foreign bond market participants to the domestic market, the
+sources were quoted as saying.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3879" NEWID="14896">
+<DATE> 8-APR-1987 07:01:24.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0490&#31;reute
+b f BC-MAFINA-ISSUES-200-MLN   04-08 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAFINA ISSUES 200 MLN SFR BOND WITH WARRANTS</TITLE>
+<DATELINE>    ZURICH, April 8 - </DATELINE><BODY>Mafina BV of Voorburg, a subsidiary of
+Petrofina SA &lt;PETB.BR>, is issuing a minimum 200 mln franc
+seven year bond with warrants, paying two pct, lead manager
+Credit Suisse said.
+    The issue is guaranteed by the Belgian parent.
+    The warrant exercise period is from May 1, 1987 until May
+20, 1991. Each 5,000 franc note carries nine warrannts, each of
+which entitles the holder to buy one share in the company at
+10,800 Belgian francs each.
+    Payment is due April 30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3880" NEWID="14897">
+<DATE> 8-APR-1987 07:02:06.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0494&#31;reute
+b f BC-HOKURIKU-ELECTRIC-ISS   04-08 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOKURIKU ELECTRIC ISSUES 35 MLN DLR WARRANT BOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Hokuriku Electric Industry is issuing a
+35 mln dlr equity warrant bond due May 7, 1992 paying an
+indicated coupon of 2-1/8 pct and priced at par, lead manager
+Nomura International Ltd said.
+    The issue is guaranteed by Hokuriku Bank Ltd. The selling
+concession is 1-1/2 pct while management and underwriting
+combined pays 3/4 pct. Final terms are due April 16.
+    The payment date is May 7 and the issue is available in
+denominations of 5,000 dlrs. Listing will be in Luxembourg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3881" NEWID="14898">
+<DATE> 8-APR-1987 07:03:10.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0497&#31;reute
+b f BC-SAITAMA-BANK-ISSUES-1   04-08 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAITAMA BANK ISSUES 100 MLN SFR CONVERTIBLE</TITLE>
+<DATELINE>    ZURICH, April 8 - </DATELINE><BODY>Saitama Bank Ltd is issuing 100 mln Swiss
+francs of convertible notes due September 30, 1992, paying an
+indicated 1-1/4 pct, lead manager Credit Suisse said.
+    Terms will be set on April 15 with payment due May 6.
+    The conversion period is from May 20, 1987 until September
+18, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3882" NEWID="14899">
+<DATE> 8-APR-1987 07:03:13.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0498&#31;reute
+f f BC-JARDINE-MATHESON-SAID   04-08 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JARDINE MATHESON SAID IT SETS TWO-FOR-FIVE BONUS ISSUE REPLACING "B" SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3883" NEWID="14900">
+<DATE> 8-APR-1987 07:05:55.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0505&#31;reute
+d f BC-MONIER-SAYS-BRITAIN'S   04-08 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONIER SAYS BRITAIN'S REDLAND MAY BID FOR IT</TITLE>
+<DATELINE>    SYDNEY, April 8 - </DATELINE><BODY>Diversified building materials group
+Monier Ltd &lt;MNRA.S> said talks are taking place which may lead
+to Britain's Redland Plc &lt;RDLD.L> making an offer for the
+Monier shares it does not already hold, chairman Bill Locke
+said.
+    Redland already holds about 49 pct of Monier's 156.28 mln
+issued shares, he said in a brief notice to the Australian
+Stock Exchange.
+    Locke said shareholders would be advised as soon as the
+discussions progressed and recommended that they keep their
+shares.
+    Monier shares were trading at a 1987 high of 3.10 dlrs
+today, up from the previous peak of 2.80 at yesterday's close,
+and well above the 1987 low of 2.18 dlrs.
+    Monier is the largest concrete roof tile manufacturer in
+Australia, the U.S. And New Zealand and the world's largest
+marketer of fly ash, according to its annual report for 1985/86
+ended June 30.
+    It recently reported first-half 1986/87 net fell to 15.02
+mln dlrs from 17.09 mln a year earlier due to the Australian
+housing downturn, although foreign earnings rose.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3884" NEWID="14901">
+<DATE> 8-APR-1987 07:06:35.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0508&#31;reute
+r f BC-FEDERAL-REALTY-ISSUES   04-08 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL REALTY ISSUES 75 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Federal Realty Investment Trust is
+issuing a 75 mln dlr convertible eurobond due April 30, 2002
+paying an indicated coupon of 5-1/4 to 5-1/2 pct and priced at
+par, lead manager Salomon Brothers International said.
+    The issue has a put option after seven years which will be
+priced to give the investor a yield in line with current seven
+year U.S. Treasury bond. Final terms will be fixed on April 9.
+    The selling concession is 1-1/2 pct while management and
+underwriting each pay 1/2 pct. The issue is available in
+denominations of 1,000 and 10,000 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3885" NEWID="14902">
+<DATE> 8-APR-1987 07:06:42.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f0509&#31;reute
+r f BC-QUEBEC-ISSUES-30-BILL   04-08 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBEC ISSUES 30 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The Province of Quebec is issuing a 30
+billion yen eurobond due May 7, 1997 paying five pct and priced
+at 102-1/2 pct, lead manager Bank of Tokyo International Ltd
+said.
+    The non-callable bond is available in denominations of one
+mln yen and will be listed in Luxembourg. The selling
+concession is 1-1/4 pct, while management and underwriting
+combined pays 3/4 pct.
+    The payment date is May 7.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3886" NEWID="14903">
+<DATE> 8-APR-1987 07:06:51.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0510&#31;reute
+u f BC-ISUZU-PLANS-NO-INTERI   04-08 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISUZU PLANS NO INTERIM DIVIDEND</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Isuzu Motor Ltd &lt;ISUM.T> will pay no
+dividend for the first half year ending April 30, 1987, as the
+company is expected to mark a 12 billion yen parent company
+current loss in the first half due to slow exports caused by
+the yen's appreciation, a company spokesman said.
+    The company has paid no dividend since the year ended
+October 31, 1983, when it paid five yen.
+    It had a 4.44 billion yen current profit in the first half
+of 1985/86.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4386" NEWID="14904">
+<DATE> 8-APR-1987 07:07:47.39</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0514&#31;reute
+u f BC-JAPANESE-OFFICIAL-TAK   04-08 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE OFFICIAL TAKES DATA TO MICROCHIP TALKS</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Ministry of International Trade and
+Industry (MITI) Vice Minister Makoto Kuroda leaves for
+Washington today with data he hopes will refute U.S. Charges
+Japan has violated a pact on microchip trade.
+    A three-man Japanese trade team is already in Washington
+laying the groundwork for talks between Kuroda and Deputy U.S.
+Trade Representative Michael Smith aimed at persuading the U.S.
+Not to impose tariffs on certain Japanese products.
+    But Kuroda said he is taking no new proposals. "I have
+nothing in my briefcase except an explanation of the current
+situation," Kuroda told the daily newspaper Asahi Shimbun.
+    Kuroda said the U.S. Decision was based on incorrect data
+and an exaggerated sense of MITI's power to control market
+forces. "The U.S. Has excessive expectations. To stabilise
+supply-demand relations which have been disrupted by excess
+inventories since 1985 will take some time," he said.
+    Kuroda also laid part of the blame for low U.S. Chip sales
+in Japan on a lack of effort by American firms here.
+    He said if he fails in talks tomorrow and Friday to
+forestall sanctions, he will seek further talks with U.S. Trade
+Representative Clayton Yeutter. U.S. Officials said this week's
+talks are unlikely to delay imposition of tariffs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3888" NEWID="14905">
+<DATE> 8-APR-1987 07:08:52.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>chirac</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0520&#31;reute
+r f BC-FRENCH-GOVERNMENT-WIN   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH GOVERNMENT WINS CONFIDENCE VOTE</TITLE>
+<DATELINE>    PARIS, April 8 - </DATELINE><BODY>The French government won, as expected, a
+vote of parliamentary confidence sought by Prime Minister
+Jacques Chirac on his general policies.
+    Votes from Chirac's Gaullist RPR party and its junior
+partner in the ruling coalition, the centre-right UDF, gave
+Chirac's cabinet a slim majority in the National Assembly.
+    A total of 294 deputies in the 577-member assembly voted to
+support Chirac, with 282 voting against. One member was absent.
+    The Socialists, Communists and the extreme-right National
+Front voted against the prime minister's call.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3889" NEWID="14906">
+<DATE> 8-APR-1987 07:10:38.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0523&#31;reute
+u f BC-NORWAY-TO-TIGHTEN-RUL   04-08 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY TO TIGHTEN RULES FOR REGISTERING LOANS</TITLE>
+<DATELINE>    OSLO, April 8 - </DATELINE><BODY>Norway will from June require finance
+institutions and insurance companies to report lending volume
+to the central bank once a month rather than quarterly in a bid
+to tighten domestic lending, Finance Ministry officials said.
+    Norwegian Bank Association President Trond Reinertsen told
+Reuters the new rule would make it more difficult for banks to
+transfer funds to financial and insurance companies for
+lending.
+    Banks have in the past used the two month lapse in loan
+registration to transfer money for lending to finance and
+insurance groups to avoid penalty reserve requirements for
+lending in excess of government set ceilings.
+    The new rule brings loan reporting requirements for
+insurance and finance companies in line with those already
+applied to commercial banks, Ministry officials said.
+    Borrowers have increasingly sought loans from finance and
+insurance companies after the central bank last year clamped
+down on what it called excessive bank lending.
+    Bank lending dropped by five billion crowns in January from
+260 billion crowns the previous month in response to the
+stricter penalty reserve requirements, Oslo bankers said.
+    They said recent central bank cuts in the overnight rate it
+charges banks might offset new pressure on interest rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4388" NEWID="14907">
+<DATE> 8-APR-1987 07:10:48.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0524&#31;reute
+u f BC-BELL-GROUP-CONFIRMS-S   04-08 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL GROUP CONFIRMS STANDARD CHARTERED STAKE</TITLE>
+<DATELINE>    PERTH, April 8 - </DATELINE><BODY>The Bell Group Ltd &lt;BLLA.S> said it now
+holds 14.9 pct of the issued capital of Standard Chartered Plc
+&lt;STCH.L> after acquiring further shares.
+    The one-sentence statement from Bell's headquarters
+confirmed what its brokers Warburg Securities told Reuters in
+London yesterday.
+    Bell previously held 10 pct of Standard.
+    Bell chairman Robert Holmes a Court, who is also a director
+of Standard, was not available for comment on his company's
+intentions in boosting its holding and other company officials
+contacted here by Reuters declined to comment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4389" NEWID="14908">
+<DATE> 8-APR-1987 07:10:59.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0525&#31;reute
+r f BC-SOUTH-AFRICA-MINES-BO   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICA MINES BODY SEES MAY DAY WORK STOPPAGE</TITLE>
+<DATELINE>    JOHANNESBURG, April 8 - </DATELINE><BODY>Negotiations between mining
+companies and the National Union of Mineworkers are foundering
+and mines could face a May Day work stoppage, the Chamber of
+Mines said.
+    It said the union had called off talks on a specific issue,
+the introduction of a Labour Day on May 1.
+    The union refused a request to give advance notification of
+the names of workers who would be working on May 1 rather than
+taking the option of a paid holiday, the Chamber said.
+    It said mining companies wanted advance notice in order to
+plan their operations.
+    "The union is adamant only employees who wish to work on
+Labour Day should notify management," the Chamber said.
+    "This raises the prospect that the mines will once again
+face stay-away action on May 1 and that the employees who do
+not work will once again forfeit pay."
+    It said the union accepted all the proposals except giving
+advance notification for May 1.
+    It said miners had been offered a full paid holiday on May
+1 or a premium of six pct of their basic monthly pay for
+working that day.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4390" NEWID="14909">
+<DATE> 8-APR-1987 07:11:17.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0527&#31;reute
+u f BC-NIPPON-STEEL-DENIES-C   04-08 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON STEEL DENIES CHINA SEEKING JAPANESE PLANTS</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Nippon Steel Corp &lt;NSTC.T> denied local
+newspaper reports that China has been seeking to buy steel
+plants from Japanese firms which plan to suspend output under
+the recently announced rationalisation program.
+    The Mainichi Shimbun quoted Nippon Steel as saying that
+China's State Planning Commission and some Chinese firms have
+asked Japanese makers to sell them steel works and rolling
+mills to expand steelmaking cheaply. It named no sources.
+    A Nippon Steel spokesman told Reuters that China has made
+no such official request, and the company was not considering
+such sales at the moment.
+    But Mainichi quoted Nippon Steel officials as saying if
+prices are reasonable, they would export their used mills to
+China.
+    The paper said China's crude steel output totalled 52 mln
+tonnes in calendar 1986 and that it plans to increase to 80 mln
+by 1996.
+    Japan's steel industry rationalisation plan is aimed at
+cutting production capacity sharply over the next few years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3893" NEWID="14910">
+<DATE> 8-APR-1987 07:12:26.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0531&#31;reute
+u f BC-FRENCH-FEBRUARY-CAR-O   04-08 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FEBRUARY CAR OUTPUT UP 27.2 PCT</TITLE>
+<DATELINE>    PARIS, April 8 - </DATELINE><BODY>February car production totalled 269,745
+this year, up 27.2 pct on a year-on-year basis, the Automobile
+Constructors' Association (CSCA) said.
+    This brought total car output in the first two months of
+the year to 504,266, a 14.1 pct year-on-year rise, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3894" NEWID="14911">
+<DATE> 8-APR-1987 07:13:30.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0532&#31;reute
+b f BC-JARDINE-MATHESON-REPL   04-08 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JARDINE MATHESON REPLACES "B" SHARE BY BONUS ISSUE</TITLE>
+<DATELINE>    HONG KONG, April 8 - </DATELINE><BODY>Jardine Matheson Holdings Ltd
+&lt;JARD.HK> said it will withdraw the previously announced
+four-for-one bonus issue of "B" shares and replace it by a
+two-for-five bonus issue of ordinary shares.
+    A statement said the firm expects to pay total dividends
+for 1987 of not less than 40 cents a share on the expanded
+capital.
+    Jardine Matheson decided to withdraw its issue because of a
+joint announcement earlier today by Ronald Li, chairman of the
+Stock Exchange of Hong Kong, and Securities Commissioner Ray
+Astin, that the listings of new "B" shares would be barred.
+    The official announcement said this will include the
+proposal by Jardine Matheson.
+    But the Jardine statement quoted chairman Simon Keswick as
+saying: "We continue to believe that the issuing of "B" shares
+would benefit shareholders, and regret that they will not be
+given the opportunity to vote on the matter at this stage."
+    Keswick said the "B" share issue will benefit Jardine
+Matheson's shareholders by giving the firm flexibility to issue
+ordinary shares for expansion in future without diluting
+existing shareholders' voting rights.
+    However, he added: "We certainly welcome (the Secretary for
+Monetary Affairs) David Nendick's referral of this very
+important matter to the Standing Committee on Company Law
+Reform and are hopeful that the process will lead to the
+development of general principles which can be embraced by all
+constituents of the Hong Kong market."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4392" NEWID="14912">
+<DATE> 8-APR-1987 07:16:32.29</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0537&#31;reute
+u f BC-JAPAN-GIVEN-LITTLE-HO   04-08 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN GIVEN LITTLE HOPE OF AVOIDING U.S. SANCTIONS</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>A top U.S. Official said Japan has little
+chance of persuading the U.S. to drop threatened trade
+sanctions, despite the efforts of a Japanese team that left for
+Washington today.
+    Michael Armacost, Under Secretary of State for Political
+Affairs, was asked at a press conference whether Japan's moves
+to boost its domestic economy and open its markets could
+persuade the U.S. Not to impose tariffs on Japanese imports
+said, and replied: "...It is probably too early for the figures
+to demonstrate that the situation has turned around and to
+permit the result you have described."
+    Armacost said the U.S. Hopes Japan will take steps to lift
+its domestic economy and reduce dependence on exports, remove
+barriers to imports and settle outstanding trade issues.
+    "There are obvious problems at the moment in the trade area,
+but we do not wish those problems to divert attention from
+important areas of cooperation that continue to exist on
+security and political issues," he said.
+    "The question is whether through cooperative actions between
+our governments we can reduce the (trade) imbalance or whether
+Congress takes action to reduce it through protectionist
+legislation," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3896" NEWID="14913">
+<DATE> 8-APR-1987 07:18:02.86</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0539&#31;reute
+u f BC-BANK-OF-JAPAN-INTERVE   04-08 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES SOON AFTER TOKYO OPENING</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>The Bank of Japan bought a small amount of
+dollars shortly after the opening at around 145.30 yen, dealers
+said.
+    The central bank intervened as a medium-sized trading house
+sold dollars, putting pressure on the U.S. Currency, they said.
+    The dollar was also supported by a major electrical
+consumer goods company, which was a speculative dollar buyer at
+around 145.25 yen, they added.
+    The dollar opened at 145.33 yen against 145.60/70 in New
+York and 145.25 at the close here yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4393" NEWID="14914">
+<DATE> 8-APR-1987 07:18:50.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0541&#31;reute
+u f BC-MOSCOW-INDIGNANT-AT-R   04-08 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOSCOW INDIGNANT AT REAGAN STATEMENT</TITLE>
+<DATELINE>    MOSCOW, April 8 - </DATELINE><BODY>Soviet Deputy Foreign Minister Vladimir
+Petrovsky said today Moscow felt "indignation and regret" at what
+he called "truly hostile statements about the Soviet Union" made
+by President Reagan.
+    Reagan told reporters yesterday he was ordering a
+high-level review of security at the U.S. Embassy in Moscow
+following a sex-and-spy scandal there and said Soviet diplomats
+would not be allowed to use a new embassy in Washington until
+the U.S. Moscow mission was made secure.
+    Petrovsky told reporters it was not accidental that
+Washington had chosen this time, only a week before a scheduled
+Moscow visit by U.S. Secretary of State George Shultz, to make
+accusations against the Soviet Union.
+    Objective conditions existed for improving Soviet-U.S.
+Relations. "But it seems that someone in Washington fails to
+appreciate this process and tries to poison the atmosphere," he
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3898" NEWID="14915">
+<DATE> 8-APR-1987 07:19:41.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0544&#31;reute
+u f BC-BATTLES-FLARE-NEAR-SO   04-08 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BATTLES FLARE NEAR SOUTHERN BEIRUT CAMPS</TITLE>
+<DATELINE>    BEIRUT, April 8 - </DATELINE><BODY>Fighting broke out between Palestinian
+guerrillas and Shi'ite Moslem Amal militiamen near camps in
+south lebanon as Syria prepared to extend its military presence
+at Beirut's settlements.
+    Security sources in the southern port of Sidon said the
+clashes erupted in villages to the southeast between Amal and
+guerrillas loyal to Palestinian leader Yasser Arafat.
+    Syria stepped in yesterday to halt battles at two Beirut
+refugee camps but Amal said it would only lift its siege after
+Arafat withdrew his men from the villages near Sidon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4394" NEWID="14916">
+<DATE> 8-APR-1987 07:22:20.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0549&#31;reute
+r f BC-SOUTH-AFRICAN-OUTLOOK   04-08 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICAN OUTLOOK SEEN BRIGHTER, LIBERTY LIFE</TITLE>
+<DATELINE>    JOHANNESBURG, April 8 - </DATELINE><BODY>South Africa's economic recovery
+has broadened as favourable terms of a three-year foreign debt
+rescheduling accord have given confidence to local business,
+Liberty Life Association of Africa Ltd said.
+    The major life assurance company said in its first quarter
+review that economic activity improved in 1986 with car and
+retail sales clearly rising, adding that South Africa's
+economic future had "brightened considerably."
+    Liberty said pre-conditions existed for further growth in
+1987 despite longer term structural problems.
+    Short-term interest rates were unlikely to rise markedly in
+the near future and unemployment levels were stabilising, the
+company said.
+    But the report cautioned that South Africa's economy still
+faced high inflation and "extremely fragile" consumer and
+business confidence which could be upset by political events.
+    It also predicted the rand was likely to remain basically a
+weak currency despite its nine pct rise in the first quarter to
+49.55 U.S. Cts. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4395" NEWID="14917">
+<DATE> 8-APR-1987 07:23:37.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0551&#31;reute
+u f BC-MALAYSIAN-FUND-TO-BE   04-08 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN FUND TO BE LAUNCHED IN U.S. IN MAY</TITLE>
+<DATELINE>    KUALA LUMPUR, April 8 - </DATELINE><BODY>The first Malaysian investment fund
+for foreign investors will be launched in the United States
+market next month to raise between 60 to 69 mln dlrs, &lt;Arab
+Malaysian Merchant Bank Bhd> (AMBB) said.
+    The fund, called &lt;Malaysian Fund Inc>, will be jointly
+sponsored by the merchant bank and the International Fund
+Corporation of the World Bank, said AMBB in a statement.
+    The two institutions, together with Merrill Lynch Capital
+Markets &lt;MER> and Morgan Stanley Inc &lt;MS>, are underwriters for
+the fund, it added.
+    AMBB said its wholly-owned subsidiary &lt;Arab Malaysian
+Consultant> will be the fund's Malaysian investment adviser
+while &lt;Morgan Stanley Asset Management Inc> will manage it.
+    It added that 80 pct of the money raised will be used to
+invest in shares of Malaysian companies on the Kuala Lumpur
+Stock Exchange and the remaining in unlisted shares.
+    AMBB said the fund will expose the Malaysian market to US
+and Japanese investors and help develop the local capital
+market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4396" NEWID="14918">
+<DATE> 8-APR-1987 07:25:36.50</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0557&#31;reute
+r f BC-INDONESIAN-INFLATION   04-08 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN INFLATION RATE 8.8 PCT IN 1986/87</TITLE>
+<DATELINE>    JAKARTA, April 8 - </DATELINE><BODY>Inflation was by 8.8 pct in Indonesia
+during fiscal 1986/87 to March 31, compared to 5.66 pct the
+previous year, Information Minister Harmoko said after a
+cabinet session to discuss the economic situation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3902" NEWID="14919">
+<DATE> 8-APR-1987 07:27:55.76</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0563&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-08 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 53 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The Bank of England said it provided the
+money market with 53 mln stg assistance in the morning session.
+    This compares with the bank's estimate of a shortage in the
+system of around 300 mln stg which it earlier revised up from
+250 mln.
+    The central bank made outright purchases of bank bills
+comprising 46 mln stg in band three at 9-3/4 pct and seven mln
+stg in band four at 9-11/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3903" NEWID="14920">
+<DATE> 8-APR-1987 07:28:48.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0564&#31;reute
+u f BC-COUPON-CUT-ON-KEIHANS   04-08 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUPON CUT ON KEIHANSHIN REAL ESTATE WARRANT BOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The coupon on the 25 mln dlr equity
+warrant eurobond for Keihanshin Real Estate Co Ltd has been set
+at 2-1/8 pct compared with the 2-1/4 pct indication, lead
+manager Daiwa Europe Ltd said.
+    The exercise price has been set at 810 yen per share which
+represents a premium of 2.53 pct over today's closing price of
+790 yen. The exchange rate was set 146.30 yen to the dollar.
+    The five-year deal is priced at par and guaranteed by the
+Sumitomo Bank Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3904" NEWID="14921">
+<DATE> 8-APR-1987 07:30:57.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0568&#31;reute
+u f BC-SAN-MIGUEL-DEAL-HIT-B   04-08 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAN MIGUEL DEAL HIT BY MORE LAWSUITS</TITLE>
+<DATELINE>    MANILA, April 8 - </DATELINE><BODY>A bid by San Miguel Corp (SMC) &lt;SANM.MN>
+to buy back 38.1 mln sequestered shares from United Coconut
+Planters Bank (UCPB) has been hit by two new lawsuits, sources
+in the Philippine food and brewery company said.
+    A Manila court yesterday issued an injunction barring UCPB
+from selling the shares, which represent 31 pct of SMC's
+outstanding capital stock of 121 mln shares, until hearings on
+April 21 on a petition filed by Eduardo Cojuangco, a former
+chairman of both SMC and UCPB.
+    Cojuangco said the Coconut Industry Investment Fund (CIIF)
+and 1.4 mln farmers were the rightful owners of the shares.
+    Cojuangco said the shares were held in trust by UCPB and
+represented a blue chip investment. His petition said UCPB's
+plans to sell the shares to SMC were "a serious breach of
+fiduciary duties."
+    The SMC sources said the proposed share sale could also be
+held up by a second derivative suit filed before the Securities
+and Exchange Commission (SEC) by Eduardo de los Angeles, a
+government nominee on the company's board.
+    De los Angeles, who represents SMC's minority stockholders,
+asked the SEC to block the transaction, approved last week by
+the company's board.
+    On April 2 the board sanctioned the repurchase of the
+sequestered shares for 4.79 billion pesos at 126 pesos per
+share. De los Angeles told the SEC the company's retained
+earnings of 1.33 billion pesos would be wiped out by the
+purchase of the shares and would prevent the declaration of
+dividends.
+    De los Angeles said the share purchase would also violate
+an SMC agreement with its creditors to maintain a 2.2-to-1 debt
+to equity ratio. He quoted SMC's chief financial director Ramon
+del Rosario as telling the board that the transaction would
+boost the ratio to 2.5-to-1.
+    In petitioning the SEC, de los Angeles amended an earlier
+suit two weeks ago in which he charged SMC Chairman Andres
+Soriano III and nine other directors of violating their duties.
+    De los Angeles' earlier complaint related to SMC assuming
+last December a 26.5 mln dlr loan contracted by SMC's Hong Kong
+subsidiary &lt;Neptunia Corp> for a down payment on the shares.
+The loan assumption was again ratified by last week's board
+meeting.
+    An arbitration panel set up by President Corazon Aquino to
+resolve the ownership issue is expected to submit its report by
+April 15.
+    "The amended suit filed by Eduardo de los Angeles is part of
+a continuing attempt by certain elements, in complete disregard
+of the facts and with questionable motives, to delay an early
+disposition of the sequestered shares," San Miguel Corp said in
+a statement.
+    "Coming as it does, when San Miguel Corp and UCPB have
+reached agreement on the price of the shares and the method of
+payment, this suit is in direct contravention of the
+government's expressed desire to reach an amicable settlement
+of the controversy by April 15," the statement added.
+    A San Miguel spokesman said he had no comment on
+Cojuangco's court petition, adding: "Any statement coming from
+us might be interpreted as adversarial."
+    Meanwhile, Ramon Diaz, the head of a government panel which
+sequestered the shares last year, said Soriano was not eligible
+to buy the major portion of the shares because he was a United
+States citizen.
+    The sequestered shares are split into 24 mln "A" shares,
+which can only be owned by Filipinos, and 14 mln "B" shares which
+are available to foreign buyers.
+    SMC sources said Soriano personally was not among
+prospective buyers. They said the shares would be purchased by
+the &lt;A.Soriano> group of companies, SMC, Neptunia and unnamed
+institutional investors. Soriano was named as one of the buyers
+in a bid in March 1986 for 33 mln shares controlled by UCPB.
+    The sale was aborted when Diaz's Presidential Commission on
+Good Government sequestered the shares on suspicion they were
+owned by Cojuangco, a close associate of former President
+Ferdinand Marcos. Cojuangco lives in self-imposed exile in the
+U.S.. The shares grew to 38.1 mln after a 15 pct stock dividend
+announced last June.
+    "We have no objection to Soriano buying the "B" shares," Diaz
+told Reuters. "But everything is on hold now."
+    The SMC spokesman said he did not know if the controversy
+would be resolved before the company's annual stockholders'
+meeting, scheduled for May 14.
+    San Miguel Corp reported sales revenue of 12.2 billion
+pesos in 1986, 11 pct above its 10.9 billion peso sales in
+1985. It said unaudited net profit was in the neighbourhood of
+700 mln pesos, an increase of about 50 pct over 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4398" NEWID="14922">
+<DATE> 8-APR-1987 07:31:06.12</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0569&#31;reute
+u f BC-RAIN-BOOSTS-CENTRAL-Q   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAIN BOOSTS CENTRAL QUEENSLAND SUGAR CANE CROP</TITLE>
+<DATELINE>    SYDNEY, April 8 - </DATELINE><BODY>Good rains of one to four inches in the
+past 10 days have boosted moisture-stressed sugar cane crops in
+the Mackay-Burdekin region of Queensland's central coast, an
+Australian Sugar Producers' Association spokesman said.
+    As previously reported, the region has been undergoing a
+severe dry spell, partly relieved by scattered rainfall, since
+December, following the virtual failure of the summer wet
+season.
+    Mills in the area have been reporting that their crops are
+beginning to look healthy and greener and are putting on growth
+since the rains began, the spokesman said from Brisbane.
+    Although the Mackay-Burdekin crop outlook is much better
+than it was, there will be some cane losses, the spokesman
+said. But is too early to say what they will be and more rain
+is needed to restore sub-soil moisture.
+    Elsewhere, in far north Queensland, the Bundaberg region
+and southern Queensland, the cane is in excellent condition and
+some mills are forecasting record crops, he said.
+    Initial 1987 crop estimates will probably be compiled
+towards the end of May, he said.
+    The cane crush normally runs from June to December.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3906" NEWID="14923">
+<DATE> 8-APR-1987 07:33:56.20</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0575&#31;reute
+b f BC-FRENCH-TRADERS-FORECA   04-08 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH TRADERS FORECAST EC SUGAR TENDER</TITLE>
+<DATELINE>    PARIS, April 8 - </DATELINE><BODY>The European Community (EC) is expected to
+award export licences at today's weekly tender for above 60,000
+and possibly up to 100,000 tonnes of white sugar after last
+week's award for 102,350 tonnes, traders here said.
+    They expected a maximum rebate of between 46.40 and 46.50
+Ecus per 100 kilos, compared to last week's 46.864.
+    Earlier, traders in London said the outcome of the tender
+was very hard to predict after last week's substantial award
+and the placing of 785,000 tonnes of sugar into intervention.
+They said they believed the tonnage would be around 60,000 but
+declined to give a rebate figure.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3907" NEWID="14924">
+<DATE> 8-APR-1987 07:37:44.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0589&#31;reute
+r f BC-PHILADELPHIA-SEES-CUR   04-08 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA SEES CURRENCY OPTIONS TRADE IN ASIA</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>The Philadelphia Stock Exchange will soon
+open offices in Hong Kong and Tokyo to help boost Far Eastern
+participation in foreign currency options before it starts
+evening trading in four or five months time, exchange president
+Nicholas Giordano told reporters.
+    Japanese institutions are already major players in foreign
+currency options traded in Philadelphia, using subsidiaries or
+agents to trade during the current daytime session.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3908" NEWID="14925">
+<DATE> 8-APR-1987 07:39:33.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0593&#31;reute
+u f BC-THYSSEN-UNIT-TO-COOPE   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THYSSEN UNIT TO COOPERATE WITH CANADIAN FIRM</TITLE>
+<DATELINE>    MUELHEIM, West Germany, April 8 - </DATELINE><BODY>Thyssen AG &lt;THYH.F> unit
+Thyssen Guss AG, a metals group, said it had agreed to
+cooperate with Canadian firm &lt;Cercast Inc> to manufacture fine
+casting products.
+    Both companies would merge plants in the West German towns
+of Soest and Moers under a new company in which the two groups
+would have equal shares in a capital of three mln marks.
+    A spokeswoman for Thyssen Industrie AG, which holds 100 pct
+of Thyssen Guss, said the joint-venture should produce turnover
+of an annual 40 mln marks. Thyssen Industrie is held 90 pct by
+Thyssen AG.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3909" NEWID="14926">
+<DATE> 8-APR-1987 07:39:54.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0595&#31;reute
+u f BC-ITALY'S-LA-FONDIARIA   04-08 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S LA FONDIARIA TO REPORT HIGHER 1986 PROFITS</TITLE>
+<DATELINE>    Milan, April 8 - </DATELINE><BODY>Italian insurer La Fondiaria Spa &lt;LFDI.MI>
+said it expects to report consolidated group profit in 1986
+significantly higher than the 60 billion lire reported in 1985.
+    The company said in a statement that parent company net
+profit last year will rise from the 72 billion lire reported in
+1985. Consolidated group premiums totaled 1,700 billion lire in
+1986 compared with 1,490 billion the previous year.
+    Iniziativa Meta &lt;INZI.MI>, the financial services unit of
+Montedison Spa &lt;MONI.MI>, controls the largest single stake in
+Florence-based Fondiaria with 49.9 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3910" NEWID="14927">
+<DATE> 8-APR-1987 07:55:13.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0619&#31;reute
+b f BC-NATIONAL-BANK-MORTGAG   04-08 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL BANK MORTGAGE ISSUES CANADIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>National Bank Mortgage Corp is issuing a
+100 mln Canadian dlr eurobond due May 18, 1992 with a nine pct
+coupon and priced at 101-3/4 pct, McLeod Young Weir
+International Ltd said as lead manager.
+    The non-callable bonds will be guaranteed by the National
+Bank of Canada. They will be issued in denominations of 1,000
+and 10,000 dlrs and listed in Luxembourg.
+    Gross fees of 1-7/8 pct comprise 1-1/4 pct for selling and
+5/8 pct for management and underwriting combined. Pay date is
+May 18. There will be two co-leads.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4399" NEWID="14928">
+<DATE> 8-APR-1987 07:55:59.02</DATE>
+<TOPICS><D>nickel</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0620&#31;reute
+u f BC-NICKEL-PRICES-UNLIKEL   04-08 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NICKEL PRICES UNLIKELY TO RISE MUCH - SHEARSON</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Nickel prices are unlikely to rise
+significantly from current levels unless further steps are
+taken to reduce production, Shearson Lehman Brothers said in
+its quarterly nickel market report.
+    The market had recovered slightly to around 1.72 dlrs a lb
+yesterday from its four year low of 1.55 dlrs in early January,
+due to the absence of Soviet nickel cathode deliveries, but
+Shearson sees Soviet shipments soon returning to last year's
+buoyant levels, which should ease current tightness.
+    Output reductions by producers will take effect later this
+year but are likely to be offset by increases elsewhere.
+    Shearson said the nickel market will be virtually in
+balance during 1987, with total non-Socialist world demand at
+556,000 tonnes, compared with an estimated 544,000 tonnes in
+1986, production at 505,000 tonnes (504,000) and imports from
+Socialist countries at 47,000 tonnes (50,000).
+    It forecast prices will edge higher during the year from a
+first quarter average of 1.67 dlrs a lb up to 1.77 dlrs in the
+last quarter. The year's average will be around 1.72 dlrs a lb
+compared with 1.76 dlrs in 1986, using London Metal Exchange
+cash metal prices in dollar terms and assuming an average 1987
+sterling exchange rate of 1.55 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3912" NEWID="14929">
+<DATE> 8-APR-1987 07:56:30.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0623&#31;reute
+u f BC-HONG-KONG-PROVIDES-NE   04-08 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG PROVIDES NEW GUARANTEE FOR MTRC DEBTS</TITLE>
+<DATELINE>    HONG KONG, April 8 - </DATELINE><BODY>The government will provide new
+guarantees for up to three billion H.K. Dlrs in financing
+instruments to be issued by the government owned &lt;Mass
+Transport Railway Corp>, bringing the total to 9.1 billion
+dlrs, Financial Secretary Piers Jacobs said.
+    He told the Legislative Council the instruments would
+replace existing longer term government guaranteed export
+credit debt obligations.
+    A total of 1.5 billion dlrs in government guaranteed export
+credit debt obligations are due to mature in two years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3913" NEWID="14930">
+<DATE> 8-APR-1987 08:08:28.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0656&#31;reute
+u f BC-HIGHER-1986-PROFIT-FO   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGHER 1986 PROFIT FOR DUTCH CHEMICAL FIRM DSM</TITLE>
+<DATELINE>    HEERLEN, Netherlands, April 8 - </DATELINE><BODY>The fully state-owned Dutch
+chemical firm NV DSM &lt;DSMN.AS> said its 1986 net profit rose to
+412 mln guilders from 402 mln in 1985, while turnover fell to
+17.7 billion guilders in 1986 from 24.1 billion in 1985.
+    The company said 1986 dividend, which will be paid to the
+Dutch state in its capacity of the firm's sole shareholder,
+would be raised to 98 mln guilders from 70 mln guilders in
+1985.
+    In an initial comment on its 1986 results, DSM said the
+drop in 1986 turnover had been caused mainly by losses in the
+company's fertilizer division.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4400" NEWID="14931">
+<DATE> 8-APR-1987 08:14:52.55</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0675&#31;reute
+r f BC-POEHL-WARNS-AGAINST-F   04-08 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POEHL WARNS AGAINST FURTHER DOLLAR FALL</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Bundesbank President Karl Otto Poehl
+said a weaker dollar would be risky and a further appreciation
+of the mark would damage prospects for sustained West German
+economic growth.
+    In a speech to the Institute of Contempory German Affairs
+here, Poehl said "It would be an extremely risky policy to aim
+for a further substantial decline in the value of the dollar to
+correct the trade deficit."
+    He said the United States could face a vicious circle of
+depreciation, inflation and more depreciation if it took that
+route.
+    Poehl noted West Germany had already taken steps to meet
+U.S. Demands for greater stimulation of its domestic economy,
+accelerating tax cuts, cutting interest rates and tolerating
+above-target money supply growth.
+    He said he would have been happy to have brought forward
+five billion marks of tax cuts now planned for January 1988 to
+the beginning of this year, but he said the government faced
+political constraints getting such measures through the upper
+house of the West German parliament.
+    But there were also limits to the impact West Germany could
+accept on exports from a rising mark, he said.
+    Poehl said West Germany relied on exports for about
+one-third of its gross national product, so a substantial
+erosion of export markets could not be offset by increasing
+demand at home.
+    "A further appreciation of the mark could even be an
+obstacle to further growth," he said.
+    Poehl said the Bundesbank had tolerated rapid money supply
+growth last year because the country enjoyed low inflation and
+because external factors, including low oil prices and
+favourable terms of trade, had given some extra leeway.
+    But Poehl said West Germany now faced a difficult dilemma
+over monetary policy.
+    The underlying rate of inflation was now two pct, not the
+reported negative inflation rates last year, and West Germany
+was affected more than before by exchange rate developments.
+    "For the time being, we will have to focus our policy more
+on the external side, and we can live with a more expansionary
+money supply. But we must be very careful," he said.
+    He said he shared some of the U.S. Concern about Japan's
+trade surpluses, which affected European countries as well as
+the United States.
+    Poehl welcomed the so-called Louvre accord of monetary
+officials of major industrialized countries, saying the
+importance of the February 22 agreement to stabilize exchange
+rates had been underestimated.
+    All partners had agreed that the dollar was at about the
+right level, and that further changes would damage growth, he
+said.
+    "This was a remarkable change in attitude, especially on the
+part of our American colleagues," he said.
+    But he said there was still a danger that the correction of
+the dollar's value could overshoot.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3915" NEWID="14932">
+<DATE> 8-APR-1987 08:17:38.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0683&#31;reute
+r f BC-CINCINNATI-BELL-&lt;CSN>   04-08 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CINCINNATI BELL &lt;CSN> STARTS AUXTON &lt;AUXT> BID</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Cincinnati Bell Inc said it has started
+its previously-announced 15.75 dlr per share tender offer for
+all shares of Auxton Computer Enterprises Inc.
+    In a newspaper advertisement, the company said the tender
+and withdrawal rights will expire May Five unless extended. The
+offer, which has been approved by the Auxton board and is to be
+followed by a merger at the same price, is conditioned on
+receipt of a majority of Auxton's voting stock on a fully
+diluted basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3916" NEWID="14933">
+<DATE> 8-APR-1987 08:17:52.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0684&#31;reute
+r f BC-CALIFORNIA-BIOTECH-&lt;C   04-08 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA BIOTECH &lt;CBIO> SEES 1ST QTR LOSS</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., April 8 - </DATELINE><BODY>California Biotechnology
+Inc said it expects to report a loss of 1,300,000 dlrs to
+1,600,000 dlrs for the first quarter due to increased
+investment in research and manufacturing and a scaleup of
+production.
+    The company said research spending is running 50 to 60 pct
+above a year ago as it tries to commercialize its products as
+quickly as possible, and increased expenditures are expected to
+continue for several more quarters.  It said operating results
+will fluctuate quarter to quarter, depending on the timing of
+significant payments from commercial partners.
+    In the first three months of 1986, the company lost 150,000
+dlrs.  The company changed its fiscal year in 1986 to a
+calendar year from a year ending November 30.  For the first
+quarter of last year, ended February 28, California Biotech
+earned 114,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3917" NEWID="14934">
+<DATE> 8-APR-1987 08:18:26.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0689&#31;reute
+s f BC-PALL-CORP-&lt;PLL>-SETS   04-08 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PALL CORP &lt;PLL> SETS QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    GLEN COVE, N.Y., April 8 -
+    </DATELINE><BODY>Qtly div 8-1/2 cts vs 8-1/2 cts prior
+    Pay May One
+    Record April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4401" NEWID="14935">
+<DATE> 8-APR-1987 08:22:13.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0705&#31;reute
+u f BC-JAPAN-DIVISION-OF-LAB   04-08 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DIVISION OF LABOUR WITH ASIA URGED</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Japan should promote division of labour
+with its Asian neighbours, especially the newly industrialized
+countries, to help achieve more balanced world economic growth,
+the Bank of Japan said in a report.
+    Instead of trying to produce everything by itself, Japan
+should open up its market further to imports, transfer
+manufacturing facilities abroad and increase technology
+transfer with those nations, the bank said in its monthly
+report.
+    Japan should not see industrializing Asian nations as mere
+competitors in its overseas and domestic markets but as
+countries that can contribute to the region's prosperity.
+    The bank said trade relations between Japan and the Asian
+neighbouring countries have so far been vertical, meaning that
+Japan imports primary goods from those countries and exports
+manufactured goods to them.
+    But this has resulted in an increase in their trade
+deficits with Japan while some newly industrialized Asian
+nations have accumulated trade surpluses with countries like
+the United States.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3919" NEWID="14936">
+<DATE> 8-APR-1987 08:23:06.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>botswana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0708&#31;reute
+r f BC-BOTSWANA-APPEALS-FOR   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOTSWANA APPEALS FOR DROUGHT AID</TITLE>
+<DATELINE>    GABORONE, April 8 - </DATELINE><BODY>President Quett Masire appealed for
+international aid to combat the effects of a drought ravaging
+land-locked Botswana for the sixth consecutive year.
+    Speaking on state radio, Masire said the drought had
+decimated herds of cattle and wiped out crops throughout the
+mainly desert country, which would be forced to rely on South
+Africa for most of its food supplies in the coming year.
+    Masire said the government would also be forced to continue
+a drought relief program until at least the end of 1988 to
+provide emergency water supplies and supplementary food to
+vulnerable sections of the population.
+    "It is against this background that we appeal to the
+international community for assistance," Masire said.
+    He thanked foreign governments for previous assistance, but
+added, "The needs of the people in rural areas are greater now,
+not less. We must prevent the human suffering caused by
+malnutrition."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4402" NEWID="14937">
+<DATE> 8-APR-1987 08:27:09.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0714&#31;reute
+d f BC-U.K.-GOVT-TO-INJECT-2   04-08 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. GOVT TO INJECT 283 MLN STG INTO ROLLS ROYCE</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The U.K. Government will inject 283 mln
+stg gross into &lt;Rolls Royce Plc> when the company is floated at
+the end of this month, the pathfinder prospectus for the sale
+said.
+    The government will offer all 635 mln existing shares, as
+well as an unspecified number of shares created through the
+capital injection, for sale to the public, the prospectus said.
+    The sale price will be announced on April 28 and the offer
+will close on May 7. Trading is expected to begin on May 19.
+    The offer will be made in the U.K. Only and there will be
+no offering of shares overseas, it said.
+    No allocation will be made of more than 10 pct of the
+shares in the company, and the government will hold on to a
+"golden share" to secure that the aero-engine manufacturer
+remains under U.K. Control, the prospectus said.
+    Chairman Sir Francis Tombs said in the prospectus special
+arrangements were being made for U.K. Employees and pensioners
+of the company to buy shares on a preferential basis.
+    Secretary of State for Trade and Industry Paul Channon said
+the capital injection of 283 mln stg would ensure the company
+had a sound a balance sheet when it returned to the private
+sector after 1971.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3921" NEWID="14938">
+<DATE> 8-APR-1987 08:29:32.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0721&#31;reute
+r f BC-CALIFORNIA-MOVES-AGAI   04-08 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA MOVES AGAINST KMG MAIN HURDMAN</TITLE>
+<DATELINE>    SAN FRANCISCO, April 8 - </DATELINE><BODY>California regulators said they
+were seeking disciplinary action against the accounting firm
+KMG Main Hurdman as the result of a 1985 audit of Technical
+Equities Corp., an investment firm that filed for bankruptcy
+last year.
+    A spokeswoman for the California Board of Accountancy,
+which certifies public accountants and firms in the state, said
+a six-page complaint was filed against the New York-based
+accounting firm.
+    "We basically charged that the Technical Equities audit was
+not conducted in accordance with generally accepted auditing
+standards," Della Bousquet, executive officer for the board,
+told Reuters in a telephone interview.
+    She said a hearing would probably be held before an
+administrative law judge within three months. Penalties could
+range from censure to revocation of KMG Main Hurdman's license
+to do business in California.
+    KMG Main Hurdman merged last week with Peat Marwick
+Mitchell of New York to become the world's largest accounting
+firm.
+    The San Francisco office of the firm declined to comment on
+the board's allegations.
+    Bousquet said the company, among other things, was accused
+of not properly investigating financial transactions and of
+issuing a favorable opinion in August 1985 that relied on
+misrepresentations of Technical Equities management.
+    She said the accounting firm, although it knew Technical
+Equities had severe cash flow and liquidity problems, was
+accused of not performing a proper audit of it.
+    The complaint named four individuals, including two
+partners and two audit managers.
+    Technical Equities, based in San Jose, filed for protection
+under Chapter 11 of the bankruptcy laws in February 1986,
+listing debts of 69.7 mln dlrs to 1,068 investors.
+    Many of the investors were prominent sports and
+broadcasting figures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3922" NEWID="14939">
+<DATE> 8-APR-1987 08:31:33.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0728&#31;reute
+u f BC-IRAN-MOUNTS-FRESH-ATT   04-08 0149</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN MOUNTS FRESH ATTACKS ON IRAQ NEAR BASRA</TITLE>
+<DATELINE>    BAHRAIN, April 8 - </DATELINE><BODY>Iranian forces mounted fresh attacks on
+the Gulf war southern front today but Iraq said all were
+repulsed with heavy loss of life.
+    The Iranian news agency IRNA said Iranian troops inflicted
+severe losses on Iraqi troops and military equipment on the
+second day of a new offensive east of Iraq's city of Basra.
+    "A number of tanks and personnel carriers were seized intact
+which were used against the enemy in the operational theatre,"
+IRNA said.
+    The Iraqi news agency INA said Iraqi forces beat back the
+latest Iranian thrusts.
+    Baghdad said earlier that the Iranians had gained "footholds"
+on Iraqi territory after launching the offensive on three
+fronts near Basra.
+    IRNA said yesterday the Iranians overran the headquarters
+of two Iraqi brigades west of Fish Canal, a defensive line
+about 10 km from Basra.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3923" NEWID="14940">
+<DATE> 8-APR-1987 08:32:17.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0729&#31;reute
+r f BC-OECD-URGES-GERMANY-TO   04-08 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD URGES GERMANY TO STEP UP AID</TITLE>
+<DATELINE>    PARIS, April 8 - </DATELINE><BODY>West Germany should take steps to increase
+its official development assistance, the Organisation for
+Economic Cooperation and Development (OECD) said.
+    A report by the organisation's Development Assistance
+Committee (DAC) said German aid levels had shown only a
+moderate increase in real terms in recent years, adding that
+there was a risk that growth over the next few years might slow
+further.
+    German aid, estimated at around four billion dlrs in 1986,
+represents 0.46 pct of the country's GNP. This is above the
+DAC's average of 0.36 pct, but might decline if corrective
+measures were not taken, the report said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3924" NEWID="14941">
+<DATE> 8-APR-1987 08:33:47.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0736&#31;reute
+r f BC-UNILEVER-SEEKS-BUYER   04-08 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNILEVER SEEKS BUYER FOR STAUFFER CHEMICAL</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Unilever Plc and NV &lt;UN.AS> has issued a
+prospectus through investment bankers Goldman Sachs and Co
+seeking a buyer for &lt;Stauffer Chemical Co> of the U.S., Which
+it acquired with the recent takeover of &lt;Chesebrough-Pond's
+Inc>, a Unilever spokesman said.
+    He noted Unilever has been indicating plans to dispose of
+Stauffer, plus some smaller assets of Chesebrough, since the
+bid was made in December.
+    The Stauffer sale prospectus has been sent in recent weeks
+to a number of companies expressing interest.
+    The Unilever spokesman declined to say how much the group
+expected to receive for Stauffer.
+    Chesebrough's footwear and tennis racket businesses are
+also likely to be disposed of, he added.
+    Immediately available financial information on Stauffer,
+which is wholly-owned, was limited, he added. Nine month sales
+to September 1986 were about 1.2 billion dlrs.
+    Unilever aquired Chesebrough for 3.2 billion dlrs in order
+to benefit from its well-known toiletry brands and food
+products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3925" NEWID="14942">
+<DATE> 8-APR-1987 08:35:21.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D><D>brunei</D><D>malaysia</D><D>indonesia</D><D>singapore</D><D>philippines</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>un</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0744&#31;reute
+u f BC-ASEAN-SHOWS-MIXED-PER   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASEAN SHOWS MIXED PERFORMANCE IN 1986</TITLE>
+<DATELINE>    BANGKOK, April 8 - </DATELINE><BODY>A sharp oil price decline and sharp
+fluctuations of exchange and interest rates in 1986 produced a
+mixed economic performance by the Association of Southeast
+Asian Nations (ASEAN), a United Nations study said.
+    The annual report of the U.N. Economic and Social
+Commission for Asia and the Pacific (ESCAP) said the
+international economic environment reversed the fortunes of the
+trade-oriented economies of the six ASEAN member countries.
+    It said the already low 1985 growth rates of ASEAN's oil
+exporting countries -- Brunei, Malaysia and Indonesia --
+dropped further after the oil price fall.
+    Three oil importers -- Singapore, the Philippines and
+Thailand -- improved their performance mainly by restructuring
+their economies. But the report said the oil price fall reduced
+export earnings, worsening economic prospects for the
+exporters.
+    The exporters' non-oil commodity prices did not show major
+improvement and protectionist pressures from industrial
+countries restricted export of manufactured products, it said.
+    The GDPs of Indonesia, which was 1.9 pct in 1985, and
+Malaysia, which fell a real one pct, barely grew in 1986.
+    The two countries, buffeted by unfavourable external
+factors in the past few years, were forced to curb aggregate
+domestic consumption demands last year to avoid severe balance
+of payments pressures and to resort to extensive commercial
+borrowings.
+    The U.N. Body said the economic outlooks of Singapore,
+Thailand and the Philippines improved steadily in 1986 as the
+year advanced. It said the most favourable factor benefiting
+the three was the realignment of key currencies, especially the
+appreciation of the yen, which has resulted in the increased
+competitiveness of their exports against those from Japan.
+    The report said the downward spiral plaguing the Philippine
+economy since 1983 was reversed into an estimated 0.9 pct GDP
+growth in 1986 with agriculture and public utilities becoming
+growth sectors.
+    It said the resumption of the Philippines' sustained growth
+rests largely on a satisfactory solution of its debt problem.
+    ESCAP said the yen appreciation, together with economic
+restructuring measures, played a big role in helping Singapore
+recover faster than expected from its 1.8 pct GDP decline in
+1985.
+    It said the Singapore GDP achieved a growth of over one pct
+last year after registering positive growth from the second
+quarter.
+    The Singapore economic revival was hampered by its own
+adjustment measures especially its two-year wage freeze
+enforced last April, a glut of its property market and
+depressed conditions in its ASEAN neighbours which hurt
+Singapore because they take about a quarter of its total
+exports.
+    The report said Thailand benefited from the changing world
+economic environment far more than any of its ASEAN neighbours.
+    The Thai performance stemmed from the expansion o&#127; its
+non-traditional export items last year to cover more
+manufactured products and its greater exploration of
+unsaturated export markets such as Asia, the Middle East and
+the European Community.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3926" NEWID="14943">
+<DATE> 8-APR-1987 08:36:23.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0752&#31;reute
+b f BC-******CONRAC-CORP-SAI   04-08 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONRAC CORP SAID IT HAS ENTERED TALKS ON ITS ACQUISITION WITH SEVERAL PARTIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3927" NEWID="14944">
+<DATE> 8-APR-1987 08:37:38.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0765&#31;reute
+u f BC-BRITAIN,-JAPAN-CLASH   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN, JAPAN CLASH OVER STOCK MARKET ACCESS</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Britain and Japan clashed today over U.K.
+Demands for greater access to the Tokyo Stock Exchange (TSE) as
+trade tensions between the two countries mounted.
+    British consumer affairs minister Michael Howard told
+reporters he was dissatisfied with the exchange's response to
+Britain's non-negotiable timetable for increased British
+membership and warned of possible reprisals in the future.
+    He described his meeting with Tokyo stock exchange (TSE)
+head Michio Takeuchi, in which he demanded greater exchange
+access, as "very frank indeed."
+    In a separate press conference, TSE President Michio
+Takeuchi said the exchange has done its utmost to liberalise
+its membership and called on Britain to make some concessions.
+    According to Takeuchi, Howard wants three British firms to
+be named members of the Tokyo stock exchange by the end of this
+year. Neither Takeuchi nor Howard would name the companies.
+    "Next May is the earliest possible date for opening our
+membership and I want the British government to understand
+this," Takeuchi said.
+    Membership cannot be increased before space on the trading
+floor is expanded in May 1988, he said.
+     Howard told reporters that was not good enough and said
+that Britain would use its powers to ban Japanese financial
+institutions from London if it was not satisfied with Tokyo.
+    Japan has until the next meeting of senior officials from
+the two countries in May or June to come up with a postive
+response to the British timetable or face retaliation, he said.
+    "The timetable was constructed in a way that made it a very
+reasonable request and I expect it to be met," he said.
+    Asked about the exchange's argument that it has no floor
+space to expand membership, Howard replied, "We find it very
+difficult in our country to understand why the considerable
+ingenuity and resourcefulness of the Japanese (in world
+markets) is unable to overcome problems of that kind."
+    While here, Howard said he also expressed frustration with
+the huge trade imbalance with Japan and with Tokyo's handling
+of demands by Britain's Cable and Wireless for a greater role
+in Japan's telecommunications business.
+    According to Japanese newspaper reports, at least some of
+that message may have penetrated.
+    According to several reports, the Post and
+Telecommunications Ministry is considering a Cable and Wireless
+proposal for a telephone cable between Japan and the U.S.
+    Ministry officials were unavailable for comment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3928" NEWID="14945">
+<DATE> 8-APR-1987 08:44:02.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0782&#31;reute
+b f BC-***canadian-airlines   04-08 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>CANADIAN AIRLINES TO PURCHASE SIX BOEING 767 AIRCRAFT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3929" NEWID="14946">
+<DATE> 8-APR-1987 08:46:06.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0786&#31;reute
+r f BC-ALLIED-SIGNAL-&lt;ALD>-F   04-08 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED SIGNAL &lt;ALD> FIBERS UNIT SETS RESEARCH</TITLE>
+<DATELINE>    BOULDER, Colo., April 8 - </DATELINE><BODY>Hauser Chemical Research Inc said
+it has been contracted by Allied Signal Inc's Allied Fibers
+division for research consulting on further development of
+improved adhesion of polyolefin fiber through photografting.
+    Hauser said it previously completed the successful first
+phase of this research effort.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3930" NEWID="14947">
+<DATE> 8-APR-1987 08:46:14.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0787&#31;reute
+d f BC-VARIAN-&lt;VAR>-GETS-&lt;TO   04-08 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARIAN &lt;VAR> GETS &lt;TOSHIBA CORP> CONTRACT</TITLE>
+<DATELINE>    PALO ALTO, Calif., April 8 - </DATELINE><BODY>Varian Associates Inc said it
+has received a three-year contract worth over 30 mln dlrs from
+Toshiba Corp to supply anode X-ray generating tubes for
+Toshiba's line of computerized tomography scanners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3931" NEWID="14948">
+<DATE> 8-APR-1987 08:46:20.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0788&#31;reute
+d f BC-&lt;ASIX-SYSTEMS>-GETS-M   04-08 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ASIX SYSTEMS> GETS MORE FINANCING</TITLE>
+<DATELINE>    FREMONT, Calif., April 8 - </DATELINE><BODY>ASIX Systems, a developer of
+test systems for ASIC devices, said it has received 4,800,000
+dlrs in a second round of equity financing.
+    The company said investors include first round participants
+Paragon Partners, Citicorp &lt;CCI>, Vista Ventures, Rust Ventures
+and Orien Ventures, plus new investors North Carolina Bank
+Venture Co LP, RepublicBankCorp &lt;RPT> and ECI Ventures.
+    It said it has now raised total capitalization of 8,600,000
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3932" NEWID="14949">
+<DATE> 8-APR-1987 08:46:29.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0789&#31;reute
+u f BC-CONRAC-&lt;CAX>-IN-MERGE   04-08 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONRAC &lt;CAX> IN MERGER TALKS WITH SEVERAL</TITLE>
+<DATELINE>    STAMFORD, Conn., April 8 - </DATELINE><BODY>Conrac Corp sait has started
+negotiations with several interested parties on its possible
+acquisition.
+    It said there can be no assurance that any transaction will
+result from the talks.  It gave no further details.
+    Mark IV Industries Inc &lt;IV> started tendering for all
+Conrac shares at 25 dlrs each on March 24 and owned 9.9 pct of
+Conrac before starting the bid.
+    Conrac is a producer and marketer of computer-related
+information display and communications equipment which also
+produces special purpose architectural and industrial products.
+    It owns Code-A-Phone Corp, a producer of telephone
+answering machines.
+    For 1986, the company reported profits of 7.8 mln dlrs, or
+1.16 dlrs a share, on sales of 153.9 mln dlrs. It has nearly
+6.8 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3933" NEWID="14950">
+<DATE> 8-APR-1987 08:47:18.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0792&#31;reute
+r f BC-TOP-FRENCH-BANKER-SEE   04-08 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOP FRENCH BANKER SEES CHINA FOREIGN DEBT VERY LOW</TITLE>
+<DATELINE>    PEKING, April 8 - </DATELINE><BODY>China's foreign debt is very low given
+its export capability, the size of its economy and its growth
+potential and the country is politically stable, Jean-Maxime
+Leveque, chairman of Credit Lyonnais, told reporters.
+    Leveque, who has met the heads of most of China's banks
+including the president of its central bank during a visit
+here, said the Chinese authorities are very attentive to its
+foreign debt and have the matter under control.
+    Official figures show China's foreign debt at a post-1949
+record 16 billion dlrs at end-1986.
+    Asked if he had advised China to borrow more francs and
+U.S. Dollars and less yen, Leveque said he had not offered any
+advice, but added: "The yen and the dollar are not stable, but
+the ECU is stable."
+    Asked if his bank has lost any confidence in China after
+the resignation of Communist Party chief Hu Yaobang in January,
+he said: "We have total confidence in the political stability in
+China. The policies of the open door and economic development
+outlined in 1979 will not change, although there may be
+fluctuations in speed."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3934" NEWID="14951">
+<DATE> 8-APR-1987 08:48:10.60</DATE>
+<TOPICS><D>groundnut</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0798&#31;reute
+u f BC-JAPAN'S-LDP-URGES-MOR   04-08 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S LDP URGES MORE IMPORTS OF 12 FARM ITEMS</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>The ruling Liberal Democratic Party (LDP)
+has proposed expanding imports of 12 farm products named in a
+U.S. Complaint against Japan to the General Agreement on
+Tariffs and Trade last year, an LDP official said.
+    The products include fruit juices, purees and pulp, some
+tomato products, peanuts, prepared beef products and beans.
+    The proposal will be used as the basis for a more detailed
+LDP economic package to cut the trade surplus with the U.S. The
+party is expected to formalise the package before April 19,
+when LDP General Council Chairman Shintaro Abe visits
+Washington.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3935" NEWID="14952">
+<DATE> 8-APR-1987 08:48:57.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0799&#31;reute
+u f BC-AUSTRALIAN-UNIONS-LAU   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN UNIONS LAUNCH NEW SOUTH WALES STRIKES</TITLE>
+<DATELINE>    SYDNEY, April 8 - </DATELINE><BODY>Australian trade unions said they have
+launched week-long strikes and other industrial action in New
+South Wales, NSW, to protest against new laws that would reduce
+injury compensation payments.
+    Union sources said talks with the state government broke
+down last night, but the two sides are scheduled to meet later
+today in an attempt to find a compromise.
+    Rail freight and shipping cargo movements in the country's
+most populous state were the first to be affected, and union
+officials said almost every business sector will be hit unless
+there is a quick settlement.
+    The state government recently introduced a new workers'
+compensation act which would cut the cash benefits to injured
+workers by up to a third. The act is now awaiting parliamentary
+ratification.
+    NSW state premier Barrie Unsworth has said workers'
+compensation has risen steeply in recent years and the proposed
+cuts would save hundreds of mlns of dollars a year.
+    Union officials said industrial action could spread to
+other states as the federal government also plans to make sharp
+cuts in workers' compensation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3936" NEWID="14953">
+<DATE> 8-APR-1987 08:58:26.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>tanzania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0824&#31;reute
+r f BC-TANZANIA-RAISES-PRICE   04-08 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANZANIA RAISES PRICES TO KEEP BUDGET DEFICIT DOWN</TITLE>
+<DATELINE>    DAR ES SALAAM, April 8 - </DATELINE><BODY>The Tanzanian government raised
+the price of beer, soft drinks and cigarettes by 20 pct and
+telephone and telex calls by 10 pct in an attempt to keep its
+budget deficit for this financial year roughly on target.
+    The deficit for the financial year ending on June 30 was
+initially forecast at 3,350 mln shillings and the new measures
+will raise some 700 mln shillings in extra revenue, a statement
+from the Ministry of Finance, Economic Affairs and Planning
+said.
+    According to the statement, the price increases, which take
+immediate effect, were needed because the government had lost
+tax revenue through lower than expected industrial production.
+Water and power problems and a shortage of spare parts had
+reduced the output of Tanzanian factories, it said.
+    The ministry also announced a new 30 pct tax on goods
+imported by non-resident businessmen and said the government
+would take steps against importers who have been evading duty
+in collusion with corrupt customs officials.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3937" NEWID="14954">
+<DATE> 8-APR-1987 08:59:55.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0829&#31;reute
+d f BC-COMPUTER-RESEARCH-INC   04-08 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER RESEARCH INC &lt;CORE> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    PITTSBURGH, April 8 -
+    </DATELINE><BODY>Shr 14 cts vs nine cts
+    Net 217,572 vs 153,454
+    Revs 2,530,273 vs 2,558,924
+    1st half
+    Shr 19 cts vs 11 cts
+    Net 299,838 vs 174,739
+    Revs 4,865,249 vs 4,495,021
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3938" NEWID="14955">
+<DATE> 8-APR-1987 09:00:32.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0833&#31;reute
+d f BC-NMR-CENTERS-&lt;NMRC>-ST   04-08 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NMR CENTERS &lt;NMRC> STARTS BUILDING IMAGE CENTER</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., April 8 - </DATELINE><BODY>NMR Centers Inc said it
+has started building five mln dlr multi-modality Ocean Medical
+Imaging Center in Toms River, N.J., and completion is scheduled
+for November.
+    It said the center should generate more than five mln dlrs
+in annual revenues when fully operational.
+    NMR said it is providing about 3,500,000 dlrs in equipment
+and working capital and will manage the center, while Center
+State Health Services Corp is financing construction of the
+1,600,000 dlr building.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3939" NEWID="14956">
+<DATE> 8-APR-1987 09:02:07.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0838&#31;reute
+r f BC-NO-SPECIAL-CHECKS-AT   04-08 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO SPECIAL CHECKS AT GERMAN BANKS BECAUSE OF VW</TITLE>
+<DATELINE>    FRANKFURT, April 8 - </DATELINE><BODY>Banking supervisory authorities are
+not carrying out any special checks at banks in the wake of the
+currency fraud scandal at Volkswagen AG &lt;VOWG.F>, a spokesman
+for the Hesse regional state central bank, LZB, said.
+    But inspectors are paying particular attention to foreign
+exchange matters in their routine checks at banks, he said in
+answer to enquiries. There is no evidence rules were broken.
+    The LZB spokesman was commenting on press reports that
+banks had "parked" open currency positions for short periods with
+VW to circumvent regulations limiting the size of open currency
+positions that can be carried by banks overnight.
+    The press allegations emerged after VW said it may have
+lost 480 mln marks as a result of a possible currency fraud.
+    LZBs are regional branches of the Bundesbank. Their
+inspectors also act for the Federal Banking Supervisory Office
+in West Berlin, which regulates banking in West Germany.
+    Following the 1974 Herstatt bank crash on currency
+speculation, West Germany limited a bank's total open positions
+overnight to 30 pct of shareholders' equity and reserves.
+    German press reports have said some banks circumvented this
+rule by selling excess positions to VW, then repurchasing them.
+    The banking regulations only cover banks. Company foreign
+exchange activities are not subject to the banking regulators.
+    The LZB spokesman said there were no concrete signs that
+the regulations had been broken, and it would be irresponsible
+to instigate a special check just on the basis of the reports.
+    The LZBs receive monthly balance sheet statistics from
+banks in their areas, which they check, and they also routinely
+inspect all banks in greater detail over longer periods.
+    But LZB officials said it would be hard for inspectors to
+detect a breach of these rules as they do not check companies
+and therefore would not see both sides of any parking deal.
+    "If the managements of the banks have not spotted them, it
+will be even harder for our inspectors," said one official.
+    It would be up to the public prosecutors to order special
+checks on suspicion of breaches of these regulations, they
+said. Prosecutors in Brunswick are already investigating the VW
+currency scandal, and have ordered the arrest of VW's former
+chief foreign exchange dealer.
+    Breaches of the Banking Law in this way can be punished by
+a 100,000 mark fine for the dealers involved, and in extreme
+cases by removal of the managers if their active involvement is
+proved.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3940" NEWID="14957">
+<DATE> 8-APR-1987 09:05:42.63</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0851&#31;reute
+d f BC-AUSTRALIAN-FOREIGN-SH   04-08 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN FOREIGN SHIP BAN ENDS</TITLE>
+<DATELINE>    SYDNEY, April 8 - </DATELINE><BODY>Tug crews in New South Wales (NSW),
+Victoria and Western Australia yesterday lifted their ban on
+foreign-flag ships carrying containers but NSW ports are still
+being disrupted by a separate dispute, shipping sources said.
+    The ban, imposed a week ago over a pay claim, had prevented
+the movement in or out of port of nearly 20 vessels, they said.
+The pay dispute went before a hearing of the Arbitration
+Commission today.
+    Meanwhile, disruption began today to cargo handling in the
+ports of Sydney, Newcastle and Port Kembla, they said.
+    The industrial action at the NSW ports is part of the week
+of action called by the NSW Trades and Labour Council to
+protest changes to the state's workers' compensation laws.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3941" NEWID="14958">
+<DATE> 8-APR-1987 09:08:15.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0855&#31;reute
+f f BC-******RUBBERMAID-INC   04-08 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RUBBERMAID INC 1ST QTR SHR 28 CTS VS 22 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4411" NEWID="14959">
+<DATE> 8-APR-1987 09:09:18.73</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0856&#31;reute
+u f BC-INDEPENDENT-CHAIRMAN   04-08 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDEPENDENT CHAIRMAN FOR DUTCH CARGO DISPUTE</TITLE>
+<DATELINE>    ROTTERDAM, April 8 - </DATELINE><BODY>The two sides in the Rotterdam port
+general cargo dispute have agreed to appoint an independent
+chairman, Han Lammers, to preside over future meetings,
+employers' spokesman Gerard Zeebregts said.
+    Lammers, Queen's Commissioner for the province of
+Flevoland, will not act as a mediator but will draw up an
+agenda and procedures for meetings between the employers and
+unions on a work-practice agreement and proposed redundancies.
+    Two months of strikes in the sector began on January 19 in
+protest at employers' proposals for 350 redundancies from the
+4,000-strong workforce this year.
+    The strikes were called off by the main port union FNV on
+March 13 following an Amsterdam court's interim injunction
+against the redundancies on procedural grounds.
+    The court is due to make a final ruling on May 7 but
+Zeebregts said he expected the judgment to go against the
+employers and they were therefore very likely to restart the
+complicated legal redundancy procedures in the near future.
+    Meanwhile, the dispute over a new work-practice agreement
+in the port's grain sector continued, with 30 maintenance
+workers on strike, although loading was not affected, a
+spokesman for Graan Elevator Mij, the largest employer in the
+sector, said.
+    The employers have written to the union asking it to
+reconsider its position and a meeting of union members has been
+called for tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3943" NEWID="14960">
+<DATE> 8-APR-1987 09:09:38.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0857&#31;reute
+r f BC-ELECTRO-RENT-CORP-&lt;EL   04-08 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRO RENT CORP &lt;ELRC> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    SANTA MONICA, Calif., April 8 -
+    </DATELINE><BODY>Shr 20 cts vs 32 cts
+    Net 1,358,000 vs 2,476,000
+    Revs 27.1 mln vs 26.2 mln
+    Avg shrs 6,852,000 vs 7,764,000
+    Nine mths
+    Shr 68 cts vs 1.05 dlrs
+    Net 4,957,000 vs 8,129,000
+    Revs 82.6 mln vs 78.8 mln
+    Avg shrs 7,316,000 vs 7,754,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3944" NEWID="14961">
+<DATE> 8-APR-1987 09:10:38.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0858&#31;reute
+d f BC-BOEING-&lt;BA>-UNIT-CHOO   04-08 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING &lt;BA> UNIT CHOOSES UNDUCTED FAN ENGINE</TITLE>
+<DATELINE>    SEATTLE, April 8 - </DATELINE><BODY>Boeing Co's Boeing Commerical Airplane
+Co said it selected an unducted fan engine for continued
+development as the baseline engine for the advanced technology
+7J7 airliner due to enter service in 1992.
+    Boeing said it reached the decision following a three-month
+study of &lt;International Aero Engine's> SuperFan concept and the
+General Electric &lt;GE> UDF engine.
+    Boeing said the UDF engine would up with a nine pct
+advantage in fuel savings over the SuperFan on a typical
+500-nautical-mile trip.
+    Boeing said it wil proceed with detail design of the 7J7
+and could launch the program in 1987 depending on the market
+response. It will seat about 150 passengers, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3945" NEWID="14962">
+<DATE> 8-APR-1987 09:11:17.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0859&#31;reute
+u f BC-RUBBERMAID-INC-&lt;RBD>   04-08 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUBBERMAID INC &lt;RBD> 1ST QTR NET</TITLE>
+<DATELINE>    WOOSTER, Ohio, April 8 -
+    </DATELINE><BODY>Shr 28 cts vs 22 cts
+    Net 20.6 mln vs 16.1 mln
+    Sales 238.0 mln vs 188.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3946" NEWID="14963">
+<DATE> 8-APR-1987 09:13:16.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0863&#31;reute
+r f BC-WTC-INTERNATIONAL-INC   04-08 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WTC INTERNATIONAL INC &lt;WAF> 4TH QTR FEB 28 NET</TITLE>
+<DATELINE>    TORRANCE, Calif., April 8 -
+    </DATELINE><BODY>Shr profit 13 cts vs loss 33 cts
+    Net profit 1,149,000 vs loss 2,833,000
+    Rev 51.8 mln vs 47.8 mln
+    Year
+    Shr profit 24 cts vs loss 18 cts
+    Net profit 2,050,000 vs loss 1,551,000
+    Rev 200.6 mln vs 180.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3947" NEWID="14964">
+<DATE> 8-APR-1987 09:19:05.97</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0874&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-08 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 166 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The Bank of England said it provided the
+market with further help totalling 166 mln stg during the
+afternoon.
+    In band one, it bought 31 mln stg of treasury bills and
+three mln stg of bank bills at 9-7/8 pct, while in band two it
+bought 69 mln stg of bank bills at 9-13/16 pct. In addition, it
+bought 63 mln stg of band three bank bills at 9-3/4 pct.
+    This brings the total assistance by the Bank so far today
+to 219 mln stg against a liquidity shortage it has estimated at
+around 300 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3948" NEWID="14965">
+<DATE> 8-APR-1987 09:19:31.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0878&#31;reute
+f f BC-******MEAD-CORP-1ST-Q   04-08 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MEAD CORP 1ST QTR OPER SHR 1.09 DLRS VS 67 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3949" NEWID="14966">
+<DATE> 8-APR-1987 09:19:39.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0879&#31;reute
+r f BC-CANADIAN-AIRLINES-TO   04-08 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN AIRLINES TO PURCHASE SIX BOEING&lt;BA>JETS</TITLE>
+<DATELINE>    Calgary, Alberta, April 8 - </DATELINE><BODY>Canadian Airlines International
+said it agreed to purchase six Boeing Co 767-300ER (extended
+range) aircraft, and options on eight more, for 1.6 billion
+Canadian dlrs, including spare parts and training.
+    Delivery will begin in April 1988 and run through April
+1989, the company said.
+    The airline said it plans to finance the new aircraft by
+means of oeprating leases. Canadian Airlines was recently
+formed through the merger of Canadian Pacific Airlines and
+Pacific Western Airlines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3950" NEWID="14967">
+<DATE> 8-APR-1987 09:20:11.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0881&#31;reute
+r f BC-RUBBERMAID-&lt;RBD>-SEES   04-08 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUBBERMAID &lt;RBD> SEES CONTINUED IMPROVEMENT</TITLE>
+<DATELINE>    WOOSTER, Ohio, April 8 - </DATELINE><BODY>Rubbermaid Inc said its incoming
+order rates continue strong and it expects to continue
+recording favorable year to year comparisons in each remaining
+quarter of 1987.
+    Today the company reported first quarter earnings of 20.6
+mln dlrs on sales of 238.0 mln dlrs, up from earnings of 16.1
+mln dlrs on sales of 188.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3951" NEWID="14968">
+<DATE> 8-APR-1987 09:20:21.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0882&#31;reute
+h f BC-CAYUGA-SAVINGS-BANK-&lt;   04-08 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAYUGA SAVINGS BANK &lt;CAYB> 1ST QTR NET</TITLE>
+<DATELINE>    AUBURN, N.Y., April 8 -
+    </DATELINE><BODY>Shr 55 cts vs 41 cts
+    Net 494,000 vs 204,000
+    Avg shrs 896,655 vs 494,155
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3952" NEWID="14969">
+<DATE> 8-APR-1987 09:20:38.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0883&#31;reute
+h f BC-JOHNSTOWN-SAVINGS-BAN   04-08 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSTOWN SAVINGS BANK FSB &lt;JSBK> 1ST QTR NET</TITLE>
+<DATELINE>    JOHNSTOWN, Pa., April 8 -
+    </DATELINE><BODY>Shr 33 cts vs not given
+    Net 642,484 vs 362,883
+    NOTE: Company went public in October 1986.
+    Net includes pretax loan loss provisions of 90,000 dlrs vs
+56,250 dlrs and gain on sale of securities of 113,432 dlrs vs
+88,946 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3953" NEWID="14970">
+<DATE> 8-APR-1987 09:20:51.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0884&#31;reute
+h f BC-HOME-SAVINGS-AND-LOAN   04-08 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SAVINGS AND LOAN ASSOCIATION INC &lt;HSLD></TITLE>
+<DATELINE>    DURHAM, N.C., April 8 - </DATELINE><BODY>2nd qtr March 31
+    Shr 57 cts vs not given
+    Net 790,874 vs 628,020
+    1st half
+    Shr 1.15 dlrs vs not given
+    Net 1,588,985 vs 1,073,163
+    NOTE: Company recently went public.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3954" NEWID="14971">
+<DATE> 8-APR-1987 09:21:09.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0886&#31;reute
+d f BC-GEODYNAMICS-CORP-&lt;GDY   04-08 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEODYNAMICS CORP &lt;GDYN> 3RD QTR FEB 27 NET</TITLE>
+<DATELINE>    SANTA BARBARA, Calif., April 8 -
+    </DATELINE><BODY>Shr 21 cts vs 20 cts
+    Net 596,000 vs 594,000
+    Revs 8,693,000 vs 8,164,000
+    Nine mths
+    Shr 61 cts vs 58 cts
+    Net 1,784,000 vs 1,653,000
+    Revs 26.3 mln vs 23.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3955" NEWID="14972">
+<DATE> 8-APR-1987 09:24:18.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0890&#31;reute
+d f BC-&lt;NORTH-STAR-URANIUM-I   04-08 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NORTH STAR URANIUM INC> CHANGES NAME</TITLE>
+<DATELINE>    LOS ANGELES, April 8 - </DATELINE><BODY>North Star Uranium Inc said it has
+changed its name to West Coast Traders Inc to reflect its
+business, the bulk importing of olive oil.
+    The company said it plans to start distributing its Italia
+Olive Oil brand, now sold on the West Coast, nationally.
+    North Star Uranium had been inactive until it acquired West
+Coast Traders in June 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3956" NEWID="14973">
+<DATE> 8-APR-1987 09:26:15.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0891&#31;reute
+h f BC-GREAT-LAKES-CHEMICAL   04-08 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT LAKES CHEMICAL &lt;GLK> TO BUILD NEW PLANT</TITLE>
+<DATELINE>    WEST LAFAYETTE, IND., April 8 - </DATELINE><BODY>Great Lakes Chemical Corp
+said it will build a new plant in El Dorado, Ark., to produce
+several fluorine-based specialty chemicals.
+    It said total cost of the project, which would employ up to
+50 workers, is estimated in excess of 20 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3957" NEWID="14974">
+<DATE> 8-APR-1987 09:28:20.75</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0894&#31;reute
+r f BC-SWEDISH-UNEMPLOYMENT   04-08 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH UNEMPLOYMENT STEADY IN MARCH</TITLE>
+<DATELINE>    STOCKHOLM, April 8 - </DATELINE><BODY>Swedish unemployment was steady at 2.2
+pct of the workforce in March compared with the previous month,
+the Central Bureau of Statistics said.
+    In March 1986, the figure stood at 2.4 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4412" NEWID="14975">
+<DATE> 8-APR-1987 09:29:12.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0896&#31;reute
+u f BC-COMPAQ-&lt;CPQ>-EXPECTS   04-08 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPAQ &lt;CPQ> EXPECTS HIGHER FIRST QUARTER NET</TITLE>
+<DATELINE>    HOUSTON, April 8 - </DATELINE><BODY>Compaq Computer Corp said it expects
+sales and earnings for the first quarter of 1987 to be higher
+than analysts expectations due to strong demand for its
+products.
+    Rod Canion, president and chief executive officer of
+Compaq, said he expects sales of over 200 mln dlrs for the
+period ending March 31, above analysts' estimates of 165-185
+mln dlrs. He added that earnings per share would exceed
+analysts estimates of as high as 42 cts a share.
+    Compaq reported earnings of 8.3 mln dlrs, or 30 cts a
+share, and sales of 144 mln dlrs for the first quarter 1986.
+    The company said demand for its DESKPRO 386, PORTABLE III
+and the new COMPAQ DESKPRO 286 will contribute to the sales
+increase.
+    "The initial demand for the recently introduced COMPAQ
+PORTABLE III and the new models of the COMPAQ DESKPRO 286
+exceeds that of any other Compaq personal computers," Canion
+said. "We saw continued demand for our personal computers
+across the quarter, with March (1987) being a particularly
+strong month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3959" NEWID="14976">
+<DATE> 8-APR-1987 09:34:58.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0926&#31;reute
+u f BC-CHRISTIAN-DEMOCRAT-MI   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRISTIAN DEMOCRAT MINISTERS RESIGN</TITLE>
+<DATELINE>    ROME, April 8 - </DATELINE><BODY>Italy's majority Christian Democrats have
+handed in their resignation from the five-party government in
+which they are senior partners, Deputy Prime Minister Arnaldo
+Forlani said.
+    Forlani, president of the party, said he had handed a
+letter of resignation by the Christian Democrats, who make up
+more than half the 30 member cabinet, to the office of Prime
+Minister Bettino Craxi.
+    Political sources said the withdrawal of the Christian
+Democrats meant the coalition -- which also includes
+Republicans, Social Democrats and Liberals as well as the
+Socialists -- had collapsed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3960" NEWID="14977">
+<DATE> 8-APR-1987 09:40:25.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0940&#31;reute
+r f BC-M/A-COM-&lt;MAI>-ENDS-CH   04-08 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>M/A-COM &lt;MAI> ENDS CHIEF OPERATING OFFICER POST</TITLE>
+<DATELINE>    BURLINGTON, Mass., April 8 - </DATELINE><BODY>M/A-Com Inc said it has
+eliminated the post of cheif operating officer, which had been
+held by president Thomas F. Burke until his recent election as
+chief executive officer.
+    The company said in a reorganization, it has named senior
+vice president-corporate marketing James F. Bunker to the new
+post of executive vice president and chief strategic officer,
+giving him responsibility for corporate marketing, component
+field sales, strategic planning, new business development and
+the company's corporate technology center.
+    The company said Richard H. Hale, president of the
+components division, has been named executive vice
+president-Components Group, giving him additional
+responsibility for the semiconductor division and advanced
+semiconductor operations.
+    It said Harold C. Wells has been named executive vice
+president-Systems Group, giving him responsibility for the
+government systems division, Omni West subsystems division,
+subsystems operations in Burlington, Mass., microwave power
+devices operations in Hauppauge, N.Y., and the M/A-Com MAC
+operation in Chelmsford, Mass.
+    Wells had been co-president of the subsystems division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3961" NEWID="14978">
+<DATE> 8-APR-1987 09:43:29.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0949&#31;reute
+r f BC-I.U.-INTERNATIONAL-&lt;I   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>I.U. INTERNATIONAL &lt;IU> TO SELL INSURANCE UNITS</TITLE>
+<DATELINE>    PHILADELPHIA, April 8 - </DATELINE><BODY>I.U. International Co said it
+reached a preliminary agreement to sell the Hawaiian Insurance
+Cos to Hawaiian Electric Industries Inc. &lt;HE>.
+    Terms of the transaction were not disclosed, the company
+said.
+    The transaction is subject to the execution of definitive
+agreements, certain governmental approvals and approvals by the
+boards of directors involved, I.U. International said.
+    Hawaiian Electric said the planned purchase was part of its
+strategy to increase the company's investment in selected
+service industries in Hawaii, including financial services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3962" NEWID="14979">
+<DATE> 8-APR-1987 09:43:37.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0950&#31;reute
+r f BC-COLOROCS-&lt;CLRX>-EXTEN   04-08 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOROCS &lt;CLRX> EXTENDS WARRANT EXERCISE PERIOD</TITLE>
+<DATELINE>    NORCROSS, Ga., April 8 - </DATELINE><BODY>Colorocs Corp said it has extended
+the expiration of the exercise period for its Class A warrants
+to May Eight from April 16.
+    Each warrant allows the holder to buy a common share for
+3.75 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3963" NEWID="14980">
+<DATE> 8-APR-1987 09:43:49.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0951&#31;reute
+d f BC-MASON-BEST-FORMS-ENER   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MASON BEST FORMS ENERGY HOLDING COMPANY</TITLE>
+<DATELINE>    DALLAS, April 8 - </DATELINE><BODY>&lt;Mason Best Co> said it has formed
+&lt;Meridian Energy Corp>, a privately-owned holding company
+structured to acquire operating companies ans assets in the oil
+and gas industry.
+    Mason Best, a Texas-based merchant banking firm, said it is
+sponsor and largest shareholder of Meridian. The new company's
+chairman and chief executive officer is  Ralph E. Bailey, who
+retired as vice-chairman of Du Pont Co &lt;DD> and chairman of its
+Conoco Inc subsidiary on March 31.
+    Meridian is headquartered in Dallas with an administrative
+office in Stamford, Conn.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3964" NEWID="14981">
+<DATE> 8-APR-1987 09:43:53.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0952&#31;reute
+d f BC-CXR-TELCOM-CORP-&lt;CXRL   04-08 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CXR TELCOM CORP &lt;CXRL> 3RD QTR MARCH 31 NET</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., April 8 -
+    </DATELINE><BODY>Shr nil vs nil
+    Net 215,000 vs 16,000
+    Revs 2,800,000 vs 1,100,000
+    Nine mths
+    Shr one ct vs nil
+    Net 620,000 vs 231,000
+    Revs 8,100,000 vs 2,100,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3965" NEWID="14982">
+<DATE> 8-APR-1987 09:44:13.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0953&#31;reute
+r f BC-PROXMIRE-OUTLINES-INS   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROXMIRE OUTLINES INSIDER TRADING LEGISLATION</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Senate Banking Committee Chairman
+William Proxmire (D-Wis) said he planned to introduce
+legislation shortly to require greater public disclosure of
+corporate takeovers and fairer treatment for all shareholders.
+    Speaking to the National Association of Manufacturers,
+Proxmire said recent insider trading stock scandals increased
+the chance that Congress will act to curb abuses.
+    "We are proposing legislation that would provide for more
+disclosure, would be fairer to all shareholders, and would
+insure that takeovers are properly financed," he said.
+    Among the provisions, the bill would reduce the threshold
+for notifying the Securities and Exchange Commission that a
+investor or group has acquired a percentage of stock in a
+company to three pct from the current five pct threshold within
+10 days, Proxmire said.
+    In addition, there would be a pre-notificaton requirement
+that an investor intended to aquire three pct that would have
+to filed with the SEC.
+    Proxmire said the pre-notification requirement was meant to
+prevent arbitragers from having a jump on the general public in
+knowing about coming takeover attempts.
+    Proxmire said he would call for extending the period that a
+tender offer must be kept open under the Williams Act to 60
+business days from the current 20 business days.
+    His bill would provide for private suits if the acquiring
+company violated the time period on the tender offer.
+    To correct abuses in the financing of takeovers, Proxmire
+said the legislation would aim at insuring current margin
+requirments are properly enforced.
+    The Federal Reserve Board has a 50 pct margin requirement
+for purchasing stock, but Proxmire said it is not generally
+enforced in hostile takeovers.
+    Rather, the groups or individuals leading a takeover
+declare that they can raise the capital for a takeover without
+actually putting any of their own money, Proxmire said.
+    He said his bill would allow private suits for damages for
+failure to meet the Federal Reserve's 50 pct margin
+requirements.
+    The bill also would require more disclose when several
+investors form an alliance in a hostile takeover.
+    "When Pickens and Icahn get together we want people to know
+about it," Proxmire said.
+    Proxmire said he favored the approach used in Britain
+towards two-tiered tender offers that insures that all
+shareholders recieve equal treatment.
+    He said he expected amendments to the bill also would cover
+defensive mechanisms such as green mail and poison pills.
+    Proxmire said he intended to introduce his bill later this
+month and predicted the Senate committee would act this spring.
+    He said he was hopeful Congress could pass a bill this
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3966" NEWID="14983">
+<DATE> 8-APR-1987 09:44:27.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0955&#31;reute
+d f BC-HELEN-OF-TROY-CORP-&lt;H   04-08 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELEN OF TROY CORP &lt;HELE> 4TH QTR FEB 28 NET</TITLE>
+<DATELINE>    EL PASO, Texas, April 8 -
+    </DATELINE><BODY>Shr 17 cts vs 13 cts
+    Net 598,000 vs 392,000
+    Sales 10.2 mln vs 7,474,000
+    Avg shrs 3,432,000 vs 3,045,000
+    Year
+    Oper shr profit 1.05 dlrs vs loss 47 cts
+    Oper net profit 3,498,000 vs loss 1,427,000
+    Sales 52.2 mln vs 40.8 mln
+    Avg shrs 3,320,000 vs 3,060,000
+    NOTE: Latest year net excludes 782,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4415" NEWID="14984">
+<DATE> 8-APR-1987 09:44:45.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f0956&#31;reute
+b f BC-/BANKERS-TRUST-&lt;BT>-P   04-08 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST &lt;BT> PUTS BRAZIL ON NON-ACCRUAL</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Bankers Trust New York Corp said it has
+placed its approximately 540 mln dlrs of medium- and long-term
+loans to Brazil on non-accrual status and that first-quarter
+net income will be reduced by about seven mln dlrs as a result.
+    Brazil suspended interest payments on its 68 billion dlrs
+of medium- and long-term debt on February 22.
+    U.S. banking regulations do not require banks to stop
+accruing interest on loans until payments are 90 days overdue,
+but Bankers Trust said it acted now because of "the high
+potential of a continued suspension that would result in
+reaching the 90-day limit in the second quarter of 1987."
+    Assuming no cash payments at current interest rates are
+received for the rest of 1987, Bankers Trust estimated that
+full-year net income would be reduced by about 30 mln dlrs.
+    Bankers Trust said it assumes that debt negotiations
+between Brazil and its commercial bank lenders will lead to the
+resumption of interest payments.
+    The negotiations resume in New York on Friday when central
+bank governor Francisco Gros is expected to ask banks for a
+90-day rollover of some 9.5 billion dlrs of term debt that
+matures on April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3968" NEWID="14985">
+<DATE> 8-APR-1987 09:45:03.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0957&#31;reute
+d f BC-first-mercantile-curr   04-08 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FIRST MERCANTILE CURRENCY FUND INC> 1ST QTR NET</TITLE>
+<DATELINE>    Toronto, April 8 -
+    </DATELINE><BODY>Shr profit 63 cts vs 22 cts
+    Net 775,868 vs 276,446
+    Revs 2,255,742 vs 706,130
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3969" NEWID="14986">
+<DATE> 8-APR-1987 09:51:13.52</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0974&#31;reute
+b f BC-UK-INTERVENTION-BD-SA   04-08 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> UK INTERVENTION BD SAYS EC SOLD 118,350 TONNES WHITE SUGAR AT REBATE 46.496 ECUS.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3970" NEWID="14987">
+<DATE> 8-APR-1987 09:52:12.98</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0976&#31;reute
+u f BC-/STOLTENBERG-SEES-MOV   04-08 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG SEES MOVES TO STRENGTHEN PARIS ACCORD</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg said today's meetings of major industrial countries
+would look at ways of strengthening the Paris accord on
+stabilizing foreign exchange rates.
+    Stoltenberg told journalists he saw no fundamental weakness
+of the February 22 agreement of the Group of Five countries and
+Canada to keep exchange rates near the then-current levels.
+    But he declined to say what measures would be discussed
+ahead of a communique of the Group of Seven ministers later
+today.
+    Stoltenberg and Bundesbank President Karl Otto Poehl said
+the importance of the Paris agreement, also known as the Louvre
+accord, had been underestimated.
+    Stoltenberg said there is greater agreement now among major
+countries than six months ago, at the time of the annual
+meeting of the International Monetary Fund and World Bank,
+marked by sharp discord between the United States and its major
+trading partners.
+    "There is no fundamental weakness of the Paris accord," he
+said. "We will be looking at ways of strengthening it, but I do
+not want to discuss that here.
+    Stoltenberg said the Louvre agreement was working despite a
+"slight firming" of the yen against the dollar.
+    And Poehl noted that the dollar/mark parity was unchanged
+since February 22 without the Bundesbank having had to sell
+marks to support the dollar.
+    "The Louvre agreement has been honored by the market," he
+said.
+    Poehl said West Germany had lived up to its side of the
+bargain in Paris by preparing the way for tax cuts to be
+accelerated as a way of stimulating growth.
+    Poehl said, however, that Japan had not yet fulfilled its
+pledges for economic stimulation.
+    "And we will have to see if the United States is able to do
+what they promised in Paris on reducing the budget deficit --
+and get it through Congress," he added.
+    Stoltenberg reiterated West German concern about a further
+fall in the dollar, noting that the mark was up 85 pct against
+the dollar and nearly 20 pct on a trade-weighted basis.
+    "You cannot expect that to go unnoticed in an economy. And
+it is not just a German problem, it is a European problem," he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4417" NEWID="14988">
+<DATE> 8-APR-1987 09:53:50.78</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>france</D><D>west-germany</D><D>belgium</D><D>spain</D><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0981&#31;reute
+b f BC-U.K.-INTERVENTION-BOA   04-08 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>A total 118,350 tonnes of current series
+white sugar received export rebates of a maximum 46.496
+European Currency Units (Ecus) per 100 kilos at today's
+European Community (EC) tender, the U.K. Intervention Board
+said.
+    Out of this, traders in the U.K. Received 37,800 tonnes, in
+France 34,500, in West Germany 20,000, in Belgium 18,500, in
+Spain 5,800 and in Denmark 1,750 tonnes, it added.
+    Earlier today, London traders had declined to give a
+projected view on the level of subsidy although some said total
+tonnage awards would be around 60,000 tonnes.
+    Paris traders foresaw between 60,000 and 100,000 tonnes
+being authorised for export at a 46.40/46.50 Ecu subsidy.
+    Cumulative sales authorisations for the current season
+(1986/87) now stand at 2,194,970 tonnes (43 weeks).
+    Last week saw 102,350 tonnes whites authorised for export
+under licences to end-Sep at the higest ever rebate of 46.864
+European Currency Units (Ecus) per 100 kilos.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3972" NEWID="14989">
+<DATE> 8-APR-1987 09:56:13.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0986&#31;reute
+b f BC-******FORD-EXTENDS-IN   04-08 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORD EXTENDS INCENTIVE PROGRAM ON LIGHT TRUCKS TO APRIL 30 FROM APRIL SIX
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3973" NEWID="14990">
+<DATE> 8-APR-1987 10:00:39.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM A
+&#22;&#22;&#1;f0999&#31;reute
+r f BC-NORANDA-TO-SELL-150-M   04-08 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA TO SELL 150 MLN DLRS IN DEBENTURES</TITLE>
+<DATELINE>    Toronto, April 8 - </DATELINE><BODY>&lt;Noranda Inc> said it will sell 150 mln
+dlrs of adjustable convertible subordinated debentures to a
+group of investment dealers led by Gordon Capital Corp.
+    The debentures will be convertible into Noranda common
+shares until April 29, 2007 at 35 dlrs per share.
+    Interest rate will be five pct subject to upward adjustment
+based on dividends paid on common shares, Noranda said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3974" NEWID="14991">
+<DATE> 8-APR-1987 10:02:44.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1007&#31;reute
+f f BC-bache-canada   04-08 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BACHE SECURITIES CANADA BUYS TORONTO EXCHANGE SEAT FOR 301,000 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3975" NEWID="14992">
+<DATE> 8-APR-1987 10:03:35.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1015&#31;reute
+u f BC-MAFINA-BOND-WITH-WARR   04-08 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAFINA BOND WITH WARRANTS SET AT 250 MLN SFR</TITLE>
+<DATELINE>    ZURICH, April 8 - </DATELINE><BODY>The issue amount of Mafina BV's seven
+year two pct Swiss franc bond with equity warrants has been set
+at 250 mln Swiss francs, lead manager Credit Suisse said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4419" NEWID="14993">
+<DATE> 8-APR-1987 10:04:57.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1019&#31;reute
+r f BC-MEAD-&lt;MEA>-EXPECTS-IM   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEAD &lt;MEA> EXPECTS IMPROVED EARNINGS THIS YEAR</TITLE>
+<DATELINE>    DAYTON, Ohio, April 8 - </DATELINE><BODY>Mead Corp said the outlook for its
+major paper markets looks strong for the second quarter and
+augurs well for its earnings in 1987.
+    "The generally strong outlook bodes well for significantly
+improved earnings this year," Burnell Roberts, chairman and
+chief executive officer said.
+    Earlier, the company reported first quarter earnings of
+34.2 mln dlrs, or 1.09 dlrs a share, versus 20.3 mln dlrs, or
+65 cts a share, in last year's first quarter.
+    In 1986 the company reported earnings from continuing
+operations of 109.3 mln dlrs, or 3.50 dlrs a share.
+    Mead said its first quarter benefitted from stronger market
+conditions and improved operations.
+    "The combination of capital improvement programs and more
+employee involvement has been paying off throughout our paper
+operations," Roberts said.
+    He added that Mead's pulp and paperboard businesses are
+operating well as prices have improved and strong demand has
+placed most products in a sold-out position through the middle
+of the year.
+    Mead said sales of its unbleached coated paperboard was
+particularly strong, up 13 pct versus the first quarter 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3977" NEWID="14994">
+<DATE> 8-APR-1987 10:05:16.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1020&#31;reute
+r f BC-ENDOTRONICS-SEEKS-TO   04-08 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENDOTRONICS SEEKS TO ESTABLISH 2ND QTR RESERVE</TITLE>
+<DATELINE>    MINNEAPOLIS, April 8 - </DATELINE><BODY>Endotronics Inc said because of its
+decisions to discontinue development of health care products,
+reorganize under Chapter 11 and establish adequate allowances
+for uncollectible receivables, it expects to establish reserves
+totaling about 11 mln dlrs in the March 31 second quarter.
+    The company said it plans to seek buyers for health care
+technologies including proprietary rights to a Hepatitis B
+Vaccine and technologies related to LAK cell cancer
+immunotherapy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3978" NEWID="14995">
+<DATE> 8-APR-1987 10:05:28.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1021&#31;reute
+r f BC-amertek-inc   04-08 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERTEK INC &lt;ATEKF> 1ST QTR NET</TITLE>
+<DATELINE>    WOODSTOCK, Ontario, April 8 -
+    </DATELINE><BODY>Shr profit 20 cts vs loss three cts
+    Net profit 849,299 vs loss 82,512
+    Revs 7,929,138 vs 3,849,224
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3979" NEWID="14996">
+<DATE> 8-APR-1987 10:05:48.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1023&#31;reute
+r f BC-COMSTOCK-GROUP-&lt;CSTK>   04-08 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMSTOCK GROUP &lt;CSTK> SELLS PREFERRED STOCK</TITLE>
+<DATELINE>    DANBURY, Conn., April 8 - </DATELINE><BODY>Comstock Group Inc said it has
+signed a letter of intent to sell about 20 mln dlrs of
+convertible preferred stock to &lt;Spie Batignolles SA> of Paris'
+Spie Group Inc U.S. subsidiary.
+    Details were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3980" NEWID="14997">
+<DATE> 8-APR-1987 10:06:05.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1024&#31;reute
+r f BC-QVC-NETWORK-&lt;QVCN>-CL   04-08 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QVC NETWORK &lt;QVCN> CLARIFIES AGREEMENT</TITLE>
+<DATELINE>    WESTCHESTER, Pa., April 8 - </DATELINE><BODY>QVC Network Inc said its
+agreement in principle with Safeguard Scientifics Inc &lt;SFE>
+allows Safeguard to name the majority of QVC's directors only
+if a seven mln dlr indebtedness to Safeguard is in default.
+    Yesterday, QVC said announced it entered into the agreement
+in principle with Safegaurd under which QVC would receive 13
+mln dlrs in financing, including seven mln dlrs of QVC notes to
+be purchase by Safeguard and a six-mln-dlr revolving credit
+facility to be provided by a local bank.
+    QVC said as long as the seven mln dlr indebtedness to
+Safeguard remains outstanding, Safeguard will be able to name
+three of QVC's nine directors. Safeguard's ability to name a
+majority of QVC's directors will be triggered only if the seven
+mln dlr indebtedness to Safeguard is in default, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3981" NEWID="14998">
+<DATE> 8-APR-1987 10:06:35.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1027&#31;reute
+r f BC-ALEX-BROWN-INC-&lt;ABSB>   04-08 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALEX BROWN INC &lt;ABSB> 1ST QTR MARCH 27 NET</TITLE>
+<DATELINE>    BALTIMORE, April 8 -
+    </DATELINE><BODY>Shr primary 78 cts vs 68 cts
+    Shr diluted 75 cts vs 68 cts
+    Qtrly div six cts vs five cts
+    Net 7,929,000 vs 6,569,000
+    Revs 78.7 mln vs 61.9 mln
+    NOTE: Pay date for the qtrly div is April 28 for
+shareholders of record April 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4421" NEWID="14999">
+<DATE> 8-APR-1987 10:07:02.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1031&#31;reute
+r f BC-EQUITABLE-RESOURCES-&lt;   04-08 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITABLE RESOURCES &lt;EQT> FILES UNIT OFFERING</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Equitable Resources Inc said it filed
+with the Securities and Exchange Commission a registration
+statement covering a 75 mln dlr issue of units.
+    Each unit will consist of a 1,000 dlr face amount 25-year
+debenture with up to 21 five-year warrants to purchase the
+company's common stock. Each warrant will equal one share. The
+debentures will be non-refundable for 10 years.
+    Proceeds will be used to repay short-term loans incurred to
+finance part of Equitable's 1986 capital expenditure program
+and the redemption of 9-5/8 pct and 10-1/2 pct first mortgage
+bonds of 1995. First Boston will manage the issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3983" NEWID="15000">
+<DATE> 8-APR-1987 10:07:26.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1034&#31;reute
+r f BC-TOWN-AND-COUNTRY-JEWE   04-08 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOWN AND COUNTRY JEWELRY MANUFACTURING &lt;TCJC></TITLE>
+<DATELINE>    CHELSEA, Mass., April 8 - </DATELINE><BODY>4thh qtr Feb 28
+    Shr 46 cts vs 22 cts
+    Net 2,139,034 vs 854,182
+    Sales 30.8 mln vs 20.6 mln
+    Avg shrs 5,280,854 vs 4,559,646
+    Year
+    Shr 1.34 dlrs vs 1.15 dlrs
+    Net 5,935,117 vs 4,156,171
+    Sales 107.2 mln vs 71.6 mln
+    Avg shrs 5,281,387 vs 3,616,183
+    NOTE: Town and Country Jewelry Manufacturing Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-015.sgm b/textClassication/reuters21578/reut2-015.sgm
new file mode 100644
index 0000000..adee5db
--- /dev/null
+++ b/textClassication/reuters21578/reut2-015.sgm
@@ -0,0 +1,31950 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3984" NEWID="15001">
+<DATE> 8-APR-1987 10:08:12.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1041&#31;reute
+d f BC-PAXAR-CORP-&lt;PAKS>-MAK   04-08 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAXAR CORP &lt;PAKS> MAKES ACQUISITION</TITLE>
+<DATELINE>    PEARL RIVER, N.Y., April 8 - </DATELINE><BODY>Paxar Corp said it has
+acquired Thermo-Print GmbH of Lohn, West Germany, a distributor
+of Paxar products, for undisclosed terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3985" NEWID="15002">
+<DATE> 8-APR-1987 10:08:15.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1042&#31;reute
+d f BC-&lt;mark's-work-wearhous   04-08 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MARK'S WORK WEARHOUSE LTD> YEAR JAN 31 NET</TITLE>
+<DATELINE>    Calgary, Alberta, April 8 -
+    </DATELINE><BODY>Shr 10 cts vs 32 cts
+    Net 975,000 vs 3,145,000
+    Sales 159.1 mln vs 147.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3986" NEWID="15003">
+<DATE> 8-APR-1987 10:08:21.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1043&#31;reute
+d f BC-KEY-TRONIC-&lt;KTCC>-GET   04-08 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEY TRONIC &lt;KTCC> GETS NEW BUSINESS</TITLE>
+<DATELINE>    SPOKANE, Wash., April 8 - </DATELINE><BODY>Key Tronic corp said it has
+received contracts to provide seven  original equipment
+manufacturers with which it has not done business recently with
+over 300,000 computer keyboards for delivery within the next 12
+months.
+    The company said "The new contracts represent an annual
+increase of approximately 25 pct in unit volume over last
+year."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3987" NEWID="15004">
+<DATE> 8-APR-1987 10:08:26.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f1044&#31;reute
+d f BC-canadian-bashaw,-ersk   04-08 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN BASHAW, ERSKINE RESOURCES TO MERGE</TITLE>
+<DATELINE>    Edmonton, Alberta, April 8 - </DATELINE><BODY>Canadian Bashaw Leduc Oil and
+Gas Ltd said it agreed to merge with Erskine Resources Ltd.
+Terms were not disclosed.
+    Ownership of the combined company with 18.8 pct for the
+current shareholders of Canadian Bashaw and 81.2 pct to the
+current shareholders of Erskine, the companies said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3988" NEWID="15005">
+<DATE> 8-APR-1987 10:11:16.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1055&#31;reute
+d f BC-ENTOURAGE-&lt;ENTG>-HAS   04-08 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTOURAGE &lt;ENTG> HAS FIRST QUARTER LOSS</TITLE>
+<DATELINE>    HOUSTON, April 8 - </DATELINE><BODY>Entourage International Inc said it had
+a first quarter loss of 104,357 dlrs, after incurring 70,000
+dlrs in costs for an internal audit, a report for shareholders
+and proxy soliciation and 24,000 dlrs in startup expenses for
+opening London offices.
+    The company went public during 1986.
+    Entourage also said it has started marketing a solid
+perfume packaged in a lipstick tube called "Amadeus," retailing
+at 15 dlrs.
+    The company also said it has acquired North Country Media
+Group, a video productions company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3989" NEWID="15006">
+<DATE> 8-APR-1987 10:11:26.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1056&#31;reute
+d f BC-&lt;mr.-jax-fashions-inc   04-08 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MR. JAX FASHIONS INC> YEAR FEB 28 NET</TITLE>
+<DATELINE>    Vancouver, British Columbia, April 8 -
+    </DATELINE><BODY>Shr 58 cts vs 29 cts
+    Net 3,141,000 vs 1,440,000
+    Sales 24.7 mln vs 13.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3990" NEWID="15007">
+<DATE> 8-APR-1987 10:11:53.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1060&#31;reute
+d f BC-DIGITAL-COMMUNICATION   04-08 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL COMMUNICATIONS&lt;DCAI> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    ALPHARETTA, Ga., April 8 - </DATELINE><BODY>Digital Communications
+Associates Inc said its board has named James Ottinger
+president and chief operating officer.
+    The company said Ottinger replaces Bertil Nordin as
+president. Nordin will become chairman and chief executive
+officer, Digital Communications added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3991" NEWID="15008">
+<DATE> 8-APR-1987 10:11:58.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1061&#31;reute
+d f BC-DIGITAL-&lt;DEC>-IN-TERA   04-08 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL &lt;DEC> IN TERADYNE &lt;TER> LICENSING PACT</TITLE>
+<DATELINE>    BOSTON, April 8 - </DATELINE><BODY>Teradyne Inc said Digital Equipment Corp
+signed a multi-license purchase agreement valed at over one mln
+dlrs for Teradyne's Lasar Version Six Simulation System.
+    The company said the agreement includes the option for
+futrue lasar purchases by Digital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3992" NEWID="15009">
+<DATE> 8-APR-1987 10:12:18.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1064&#31;reute
+d f BC-HOME-INTENSIVE-&lt;KDNY>   04-08 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME INTENSIVE &lt;KDNY> EXTENDS DIALYSIS AT HOME</TITLE>
+<DATELINE>    NORTH MIAMI BEACH, Fla., April 8 - </DATELINE><BODY>Home Intensive Care Inc
+said it has opened a Dialysis at Home office in Philadelphia,
+its 12th nationwide.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3993" NEWID="15010">
+<DATE> 8-APR-1987 10:14:36.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1071&#31;reute
+u f BC-bache-canada-buys   04-08 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BACHE CANADA BUYS TORONTO STOCK EXCHANGE SEAT</TITLE>
+<DATELINE>    TORONTO, April 8 - </DATELINE><BODY>Bache Securities Inc, 80 pct owned by
+Prudential Bache Securities Inc, said it acquired its third
+Toronto Stock Exchange seat for 301,000 Canadian dlrs.
+    The company said the price was the highest yet paid for an
+exchange seat. A Toronto Stock Exchange spokesman said an
+exchange seat last sold for 195,000 dlrs in March, which was
+acquired by &lt;Toronto Dominion Bank>.
+    Bache Securities said it needed a third exchange seat as
+part of an extensive plan to provide an enhanced level of
+service to clients. The seat will be used to further build its
+professional trading area, the investment dealer said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3994" NEWID="15011">
+<DATE> 8-APR-1987 10:17:29.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1081&#31;reute
+f f BC-******F.W.-WOOLWORTH   04-08 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>F.W. WOOLWORTH CO SAYS IT HIKES DIVIDEND TO 33 CTS A SHARE FROM 28 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3995" NEWID="15012">
+<DATE> 8-APR-1987 10:19:42.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1088&#31;reute
+b f BC-F.W.-WOOLWORTH-CO-&lt;Z>   04-08 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>F.W. WOOLWORTH CO &lt;Z> HIKES DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, April 8 -
+    </DATELINE><BODY>Qtly div 33 cts vs 28 cts prior
+    Pay June 1
+    Record May 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3996" NEWID="15013">
+<DATE> 8-APR-1987 10:20:02.86</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1089&#31;reute
+u f BC-DUTCH-SUGAR-BEET-PLAN   04-08 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH SUGAR BEET PLANTING HALF FINISHED</TITLE>
+<DATELINE>    ROTTERDAM, April 8 - </DATELINE><BODY>Roughly half of this year's expected
+130,000 hectare Dutch sugar beet crop is already in the ground,
+a spokesman for Suiker Unie, the largest sugar processor in the
+Netherlands, told Reuters.
+    Conditions are generally good and the average sowing date
+for the crop is expected to be around April 11, against April
+23 last year, and a 10-year average of April 14, the spokesman
+added.
+    "It is far too early yet to say what kind of output we can
+expect when it comes to harvest in September, but at least the
+crop is off to a very good start," he said.
+    Last year, the Netherlands planted a record 137,600
+hectares of sugar beet and produced a record 1.2 mln tonnes of
+white sugar, substantially more than the country's combined "A"
+and "B" quota of 872,000 tonnes.
+    This year, however, a self-imposed quota system has been
+introduced with the aim of cutting plantings to 130,000
+hectares and reducing white sugar output to around 915,000
+tonnes to minimise the amount of non-quota "C" sugar produced.
+    Only farmers with a record of growing suger beet have been
+allotted quotas. This is expected to prevent the area being
+boosted by dairy or cereal farmers moving into sugar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4423" NEWID="15014">
+<DATE> 8-APR-1987 10:20:14.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1090&#31;reute
+d f BC-U.K.-EXPECTS-SUBSTANT   04-08 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. EXPECTS SUBSTANTIAL DEMAND FOR ROLLS SHARES</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Demand for shares in state-owned engine
+maker &lt;Rolls Royce Plc> is expected to be substantial when the
+government privatises it at the end of April, Christopher Clark
+of the group's bankers Samuel Montagu and Sons Ltd said.
+    He told a press conference after the release of an initial
+prospectus for the float that the issue would be offered to
+U.K. Institutions, company employees and the general public.
+    As in previous flotations, clawback arrangements would be
+made if public subscriptions exceeded initial allocations.
+    He declined to say how the shares would be allocated beyond
+saying that a "significant proportion" would go to institutions.
+    A decision on what percentage would go to each sector would
+be made shortly before the sale price was announced on April
+28.
+    Minimum subscription would be for 400 shares with payment
+in two tranches, again a method broadly in line with previous
+privatisations.
+    Chairman Sir Francis Tombs denied suggestions that Rolls
+was a stock that should be left to the institutions. He noted
+that although the aircraft industry was cyclical, Rolls had
+several operations -- such as spare parts and military
+equipment -- that evened out the swings.
+    Rolls' 1986 research and development expenditure in 1986
+was 255 mln stg and could be expected in the future to vary
+according to changes in turnover.
+    He noted that net research and development expenditure was
+written off in the year it occurred, a policy that received
+"inadequate recognition in one or two of the more extravagant
+forecasts of future profits." He made no forecast himself.
+    In 1986, Rolls reported that pretax profit rose 48 pct to
+120 mln stg on turnover 12 pct higher at 1.8 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3998" NEWID="15015">
+<DATE> 8-APR-1987 10:25:01.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1109&#31;reute
+r f BC-NV-PHILIPS-SHARES-GET   04-08 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NV PHILIPS SHARES GET NYSE QUOTE FROM APRIL 14</TITLE>
+<DATELINE>    EINDHOVEN, NETHERLANDS, APRIL 8 - </DATELINE><BODY>NV Philips
+Gloeilampenfabrieken &lt;PGLO.AS> shares are due to start trading
+on the New York Stock Exchange on April 14, Philips chairman
+Cor van der Klugt told the annual shareholders meeting.
+    In March, the Dutch electronics group announced it would
+end its current over the counter listing on the New York NASDAQ
+system and move to the NYSE.
+    Philips said the "big board" listing in New York is expected
+to boost its profile in the U.S., Where 10 pct of all
+outstanding Philips shares are held.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3999" NEWID="15016">
+<DATE> 8-APR-1987 10:25:54.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1110&#31;reute
+f f BC-******J.P.-MORGAN-AND   04-08 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>J.P. MORGAN AND CO INC 1ST QTR SHR 1.22 DLRS VS 1.28 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4000" NEWID="15017">
+<DATE> 8-APR-1987 10:28:08.79</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D><D>france</D><D>west-germany</D><D>spain</D><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f1117&#31;reute
+b f BC-EC-COMMISSION-DETAILS   04-08 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION DETAILS SUGAR TENDER</TITLE>
+<DATELINE>    BRUSSELS, April 8 - </DATELINE><BODY>The EC Commission confirmed it granted
+export licences for 118,350 tonnes of current series white
+sugar at a maximum export rebate of 46.496 European Currency
+Units (ECUs) per 100 kilos.
+    Out of this, traders in France received 34,500 tonnes, in
+the U.K. 37,800, in West-Germany 20,000, in Belgium 18,500, in
+Spain 5,800 and in Denmark 1,750 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4001" NEWID="15018">
+<DATE> 8-APR-1987 10:30:36.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f1126&#31;reute
+r f BC-pancontinental-oil-ha   04-08 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANCONTINENTAL OIL HAS PRIVATE FINANCING</TITLE>
+<DATELINE>    Calgary, Alberta, April 8 - </DATELINE><BODY>&lt;Pancontinental Oil Ltd> said
+it arranged a 10 mln dlr private financing with Pemberton
+Houston Willoughby Bell Gouinlock Inc.
+    The private placement consists of special warrants to
+purchase seven pct convertible redeemable preferred shares.
+    The shares will be convertible for five years into common
+shares at five dlrs per share. The preferred shares are not
+redeemable for 2-1/2 years. Net proceeds will be used to
+increase working capital and finance exploration and
+development.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4002" NEWID="15019">
+<DATE> 8-APR-1987 10:30:58.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1128&#31;reute
+b f BC-FEDERAL-REALTY-CONVER   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL REALTY CONVERTIBLE INCREASED, PRICED</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Today's dollar convertible eurobond for
+Federal Realty Investment Trust has been increased to 100 mln
+dlrs from the initial 75 mln, lead manager Salomon Brothers
+International said.
+    The coupon has been fixed at 5-1/4 pct compared with the
+indicated range of 5-1/4 to 5-1/2 pct. The conversion price has
+been fixed at 30-5/8 dlrs compared with last night's close in
+the U.S. Of 25-1/2 dlrs. This represents a premium of 20 pct.
+    The put option after seven years was priced at 120 pct to
+give the investor a yield to the put of 7.53 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4003" NEWID="15020">
+<DATE> 8-APR-1987 10:34:45.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1147&#31;reute
+r f BC-VOLKSWAGEN-DIVIDEND-D   04-08 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLKSWAGEN DIVIDEND DECISION DUE TOMORROW</TITLE>
+<DATELINE>    WOLFSBURG, West Germany, April 8 - </DATELINE><BODY>Volkswagen AG &lt;VOWG.F>,
+VW, is due to make a formal announcement about its 1986
+dividend tomorrow after saying the 1985 level of 10 marks per
+ordinary share would be held, despite massive losses because of
+a suspected foreign currency fraud.
+    A spokesman said VW's supervisory board will meet tomorrow
+to discuss the payout.  A statement will be made afterwards.
+    VW has also said disclosed profits for 1986 will reach
+their 1985 level, despite provisions of a possible 480 mln
+marks linked to the currency affair. The figure is virtually
+the same as the 477 mln mark 1985 parent company net profit.
+    When VW first confirmed the currency scandal on March 10 it
+said the management board would propose an unchanged 10-mark
+dividend to the supervisory board. A dividend of 11 marks would
+be proposed for the company's new preference shares.
+    Share analysts said they saw supervisory board approval of
+the management board proposal as virtually a formality.
+"Anything else would be more than a surprise," one said.
+    Company sources said VW would have to dig into reserves to
+maintain the disclosed profit. Parent company reserves stood at
+around three billion marks at end-1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4004" NEWID="15021">
+<DATE> 8-APR-1987 10:35:24.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1152&#31;reute
+b f BC-TORONTO-DOMINION-UNIT   04-08 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO DOMINION UNIT ISSUES AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Toronto Dominion Bank, Nassau Branch is
+issuing a 40 mln Australian dlr eurobond due May 15, 1990
+paying 14-1/2 pct and priced at 101-3/8 pct, lead manager
+Hambros Bank Ltd said.
+    The non-callable bond is available in denominations of
+1,000 Australian dlrs and will be listed in London. The selling
+concession is one pct, while management and underwriting
+combined will pay 1/2 pct.
+    The payment date is May 15.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4005" NEWID="15022">
+<DATE> 8-APR-1987 10:36:31.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1160&#31;reute
+b f BC-TORONTO-DOMINION-UNIT   04-08 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO DOMINION UNIT ISSUES AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Toronto Dominion Bank, Nassau Branch is
+issuing a 40 mln Australian dlr eurobond due May 15, 1990
+paying 14-1/2 pct and priced at 101-3/8 pct, lead manager
+Hambros Bank Ltd said.
+    The non-callable bond is available in denominations of
+1,000 Australian dlrs and will be listed in London. The selling
+concession is one pct, while management and underwriting
+combined will pay 1/2 pct.
+    The payment date is May 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4006" NEWID="15023">
+<DATE> 8-APR-1987 10:37:10.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1167&#31;reute
+r f BC-CITYTRUST-BANCORP-INC   04-08 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITYTRUST BANCORP INC &lt;CITR> 1ST QTR NET</TITLE>
+<DATELINE>    BRIDGEPORT, Conn., April 8 -
+    </DATELINE><BODY>Shr 1.40 dlrs vs 1.16 dlrs
+    Net 5,776,000 vs 4,429,000
+    Avg shrs 4,132,828 vs 3,834,117
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4007" NEWID="15024">
+<DATE> 8-APR-1987 10:37:30.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1170&#31;reute
+r f BC-SOUTHMARK-&lt;SM>-ACQUIR   04-08 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHMARK &lt;SM> ACQUIRES 28 NURSING HOMES</TITLE>
+<DATELINE>    DALLAS, April 8 - </DATELINE><BODY>Southmark Corp said it acquired 28
+long-term care facilities containing for approximately 70 mln
+dlrs in cash.
+    It said the facilities, which contain approximately 2,500
+beds in seven western states, were bought from Don Bybee and
+Associates, of Salem,Ore.
+    The acquistion brings to 57 health care facilities acquired
+in the last three months, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4008" NEWID="15025">
+<DATE> 8-APR-1987 10:38:13.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1175&#31;reute
+r f BC-HELEN-OF-TROY-&lt;HELE>   04-08 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELEN OF TROY &lt;HELE> FILES CONVERTIBLE OFFERING</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Helen of Troy Corp said it filed with
+the Securities and Exchange Commission a registration statement
+covering a 20 mln dlr issue of covertible subordinated
+debentures due 2007.
+    Proceeds will be used for general corporate purposes,
+including possible repayment of bank debt, product development
+and possible acquisitions, Helen of Troy said.
+    The company named Drexel Burnham Lambert Inc as sole
+underwriter of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4009" NEWID="15026">
+<DATE> 8-APR-1987 10:38:19.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1176&#31;reute
+b f BC-/J.P.-MORGAN-AND-CO-I   04-08 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.P. MORGAN AND CO INC &lt;JPM> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 8 -
+    </DATELINE><BODY>shr 1.22 dlrs vs 1.28 dlrs
+    net 226.4 mln vs 233.9 mln
+    assets 80.45 billion vs 70.23 billion
+    loans 35.16 billion vs 35.99 billion
+    deposits 45.22 billion vs 39.68 billion
+    return on assets 1.14 pct vs 1.35 pct
+    return on common equity 18.20 pct vs 22.08 pct
+    NOTE: 1987 qtr net was reduced by 20 mln dlrs because 1.3
+billion dlrs of loans to Brazil were placed on non-accrual.
+    loan loss provision 35 mln dlrs vs 70 mln year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4010" NEWID="15027">
+<DATE> 8-APR-1987 10:38:37.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1179&#31;reute
+r f BC-FIRSTBANC-CORP-OF-OHI   04-08 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRSTBANC CORP OF OHIO &lt;FBOH> 1ST QTR NET</TITLE>
+<DATELINE>    AKRON, Ohio, April 8 -
+    </DATELINE><BODY>Shr 74 cts vs 67 cts
+    Net 8,067,000 vs 7,317,000
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4011" NEWID="15028">
+<DATE> 8-APR-1987 10:39:08.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1183&#31;reute
+r f BC-MAYFAIR-SUPER-MARKETS   04-08 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAYFAIR SUPER MARKETS INC &lt;MYFRA> 2ND QTR NET</TITLE>
+<DATELINE>    ELIZABETH, N.J., April 8 -</DATELINE><BODY>Qtr ends Feb 28
+    Shr Class A 61 cts vs 48 cts
+    Shr Class B 59 cts vs 46 cts
+    Net 2,358,000 vs 1,876,000
+    Revs 122,508,000 vs 105,871,000
+    Six mths
+    Shr Class A 1.15 dlrs vs 86 cts
+    Shr Class B 1.13 dlrs vs 84 cts
+    Net 4,485,000 vs 3,378,000
+    Revs 242,453,000 vs 210,117,000
+    NOTE: qtr and six mths prior figures reflect two-for-one
+stock split in August 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4012" NEWID="15029">
+<DATE> 8-APR-1987 10:39:16.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1184&#31;reute
+r f BC-HANOVER-INSURANCE-&lt;HI   04-08 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANOVER INSURANCE &lt;HINS> GET SPLIT APPROVAL</TITLE>
+<DATELINE>    WORCESTER, Mass., April 8 - </DATELINE><BODY>Hanover Insurance Co said its
+stockholders approved a two-for-one stock split.
+    As a result of the split, Hanover said it increases the
+number of authorized shares of capital stock from 10.4 mln,
+having a par value of one dlr, to 20.9 mln, also having a par
+value of one dlr.
+    The stock split is payable April 30 to stockholders of
+record April 10, Hanover said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4013" NEWID="15030">
+<DATE> 8-APR-1987 10:39:22.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1185&#31;reute
+d f BC-FEDERAL-PAPERBOARD-&lt;F   04-08 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL PAPERBOARD &lt;FBO> ENTERS AGREEMENT</TITLE>
+<DATELINE>    MONTVALE, N.J., April 8 - </DATELINE><BODY>Federal Paperboard Co Inc said it
+has entered into an agreement with Ozaki Trading Co Ltd of
+Osaka, Japan, allowing Ozaki to represent Federal Paperboard's
+bleached paperboard sales in Japan.
+    Federal added it will be opening an office in Japan in the
+near future.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4427" NEWID="15031">
+<DATE> 8-APR-1987 10:39:29.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1186&#31;reute
+d f BC-NATIONAL-GUARDIAN-&lt;NA   04-08 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL GUARDIAN &lt;NATG> MAKES ACQUISITIONS</TITLE>
+<DATELINE>    GREENWICH, Conn., April 8 - </DATELINE><BODY>National Guardian Corp said it
+has acquired a number of security services companies recently,
+with aggregate revenues of about 3,500,000 dlrs, for an
+aggregate cost of about 2,700,000 dlrs.
+    It said it acquired guard service companies C.S.C. Security
+Gaurd Service of Paramus, N.J., from Cartel Security
+Consultants Inc, the Guard Services Division of Security
+Services of America of Wayne, N.J., Capital Investigations and
+Protective Agency of Hackensack, N.J., and Meyer Detective
+Agency Inc of National Park, N.J.
+    The company said it bought alarm service operations
+Certified Security Services Inc of Key West, Fla., Custom
+Security Services of Myrtle Beach, S.C., A-T-E Security Group
+Inc of Houston and the Louisville, Kent and Nashville, Tenn,
+offices of Wells Fargo Alarm Services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4015" NEWID="15032">
+<DATE> 8-APR-1987 10:40:25.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1194&#31;reute
+s f BC-resending   04-08 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL MEDICAL &lt;UMBIZ> DISTRIBUTION SET</TITLE>
+<DATELINE>    MILWAUKEE, WIS., April 8 -
+    </DATELINE><BODY>Qtly distribution 7-1/2 cts vs 7-1/2 cts prior (excluding
+2-1/2 cts special)
+    Pay April 30
+    Record April 22
+    NOTE: Full name is Universal Medical Buildings L.P.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4016" NEWID="15033">
+<DATE> 8-APR-1987 10:43:34.24</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f1209&#31;reute
+u f BC-ZAMBIA-DOES-NOT-PLAN   04-08 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIA DOES NOT PLAN RETAIL MAIZE PRICE HIKE</TITLE>
+<DATELINE>    LUSAKA, April 8 - </DATELINE><BODY>The Zambian government has no immediate
+plans to follow last week's increase in the producer price of
+maize with a hike in the retail price of maize meal, an
+official of the ruling party said.
+    Last December, a 120 pct increase in the consumer price for
+refined maize meal, a Zambian staple, led to food riots in
+which at least 15 people died.
+    That price increase, which President Kenneth Kaunda later
+revoked, followed pressure by the International Monetary Fund
+(IMF) to reduce the government's subsidy bill.
+    However, if the producer price rise, from 6.10 dlrs to 8.67
+dlrs per 90-kg bag, is not accompanied by a retail price
+increase, the government will have to spend more on subsidies,
+a practice discouraged by the IMF.
+    "There is no way out but to raise the subsidy levels of
+meal. It (the government) would have to choose between the
+demands of the IMF and those of the people," a Ministry of
+Agriculture economist said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4017" NEWID="15034">
+<DATE> 8-APR-1987 10:45:27.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1218&#31;reute
+r f BC-BLOCKER-ENERGY-&lt;BLK>   04-08 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLOCKER ENERGY &lt;BLK> SHARE OFFERING UNDERWAY</TITLE>
+<DATELINE>    HOUSTON, April 8 - </DATELINE><BODY>Blocker Energy corp said an offering of
+20 mln common shares is underway at 2.625 dlrs per share
+through underwriters led by &lt;Drexel Burnham Lambert Inc> and
+Alex. Brown and Sons Inc &lt;ABSB>.
+    The company is offering 19.7 mln shares and shareholders
+the rest.  Before the offering it had about 33.6 mln shares
+outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4018" NEWID="15035">
+<DATE> 8-APR-1987 10:45:36.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1219&#31;reute
+r f BC-ASARCO-&lt;AR>-COMPLETES   04-08 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASARCO &lt;AR> COMPLETES SHARE OFFERING</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Asarco Inc said it completed the sale
+of four mln shares of Asarco common stock to an underwriting
+group led by First Boston Corp.
+    The underwriters sold the shares to the public at a price
+of 22.50 dlrs a share, the minerals and energy company said.
+    Proceeds of about 86 mln dlrs will be used to reduce
+outstanding debt, it said.
+    The offering included 3.5 mln shares announced April 1 and
+500,000 to cover overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4019" NEWID="15036">
+<DATE> 8-APR-1987 10:45:44.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1220&#31;reute
+r f BC-AMERICAN-MIDLAND-&lt;AMC   04-08 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MIDLAND &lt;AMCO> SETS OPERATOR FOR CASINO</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., April 8 - </DATELINE><BODY>American Midland Corp
+said &lt;Braodway Casinos Inc> has entered into a letter of intent
+for a new company to be formed by &lt;Carnival Cruise Lines Inc>
+and &lt;Continental Hotel Cos> to operate Broadway's planned
+hotel/casino in the Marina area of Atlantic City, N.J.
+    American Midland has agreed to spin off its 8.2 acre
+Atlantic City property to Broadway, a new company in which
+American Midland shareholders would initially own an 85 pct
+interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4020" NEWID="15037">
+<DATE> 8-APR-1987 10:45:50.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1221&#31;reute
+r f BC-WEDGESTONE-REALTY-&lt;WD   04-08 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEDGESTONE REALTY &lt;WDG> ACQUISITION APPROVED</TITLE>
+<DATELINE>    NEWTON, Mass., April 8 - </DATELINE><BODY>Wedgestone Realty Investors Trust
+said shareholkders have approved the acquisition of its
+advisor, Wedgestone Advisory Corp, for 600,000 shares.
+    It said completion is expected to take place April 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4021" NEWID="15038">
+<DATE> 8-APR-1987 10:51:43.03</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1239&#31;reute
+u f BC-SUN-&lt;SUN>-CUTS-HEATIN   04-08 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN &lt;SUN> CUTS HEATING OIL BARGE PRICE</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Sun Co's Sun Refining and Marketing Co
+subsidiary said it is decreasing the price it charges contract
+barge customers for heating oil in ny harbor by 0.50 cent a
+gallon, effective today.
+    The 0.50 cent a gallon price reduction brings Sun's heating
+oil contract barge price to 50 cts a gallon, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4022" NEWID="15039">
+<DATE> 8-APR-1987 10:52:38.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1241&#31;reute
+f f BC-******MOODY'S-AFFIRMS   04-08 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S AFFIRMS AVCO FINANCIAL'S LONG-TERM DEBT, CUTS COMMERCIAL PAPER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4429" NEWID="15040">
+<DATE> 8-APR-1987 10:56:40.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1250&#31;reute
+u f BC-MEDICAL-JOURNAL-REPOR   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDICAL JOURNAL REPORTS NEW INTERLEUKIN PROMISE</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Promising new findings in the use of
+a controversial experimental drug called Interleukin-2 as a
+cure for cancer will be published in the April 9 issue of the
+prestigious New England Journal of Medicine, according to a
+Wall Street analyst who has obtained an advance copy of the
+magazine.
+    Among interleukin's principal U. S. makers are Cetus Corp
+&lt;CTUS>, headquartered in Emeryville, Calif., and Immunex Corp
+&lt;IMNX>, based in Seattle, Wash.
+    The journal, to be released late today, contains two
+articles reporting high remission rates several cancer types.
+    The journal also contains a signed editorial concluding
+that the new results mark a significant milestone in the search
+for a successful immunotherapy for cancer.
+    Interleukin-2, also known as IL-2, is a substance naturally
+produced by living cells in the laboratory.
+    The drug is controversial because it was widely praised as
+a promising cancer treatment in early reports on its
+effectiveness in late 1985, only to come under criticism a year
+later for its failure to live up to its promise and due to its
+ravaging side effects.
+    One of the new studies, conducted by Dr. William West of
+Biotherapeutics Inc of Franklin, Tenn., is particularly
+significant because it found far fewer harsh side effects after
+it changed the way in which the drug is administered.
+    In that study, researchers administered IL-2 to 48 cancer
+patients and found a 50-pct remission rate for kidney cancers
+and a 50 pct remission rate for melanoma, a type of skin
+cancer, according to Prudential-Bache Securities' Stuart
+Weisbrod, who obtained the advance copy of the magazine.
+    For rectal and colon cancer, the researchers found no
+remissions, but none of the 48 patients treated had side
+effects serious enough to be placed under intensive hospital
+care, according to the article.
+    In the second study, whose principal author is Dr. Steven
+Rosenberg of the National Cancer Institute, researchers
+administered IL-2 to 157 cancer patients and found a 33 pct
+remission rate in cancers of the kidney, a 27 pct rate in
+melanomas and a 15 pct rate in cancers of the colon and rectum.
+    In the National Cancer Institute trials, a total of four
+patients died, the magazine reported, confirming the harshness
+of the drug's side effects as originally administered.
+    "Perhaps we are at the end of the beginning of the search
+for successful immunotherapy for cancer," said the editorial,
+signed by John Durant of Philadelphia's Chase Cancer Center.
+    "These observations reported by Rosenberg and West surely
+did not describe successful practical approaches ready for
+widespread applications in the therapy of cancer patients," the
+editorial said.
+    "On the other hand, if they reflect, as seems possible, a
+successful manipulation of the cellular immune system, then we
+may be near the end of our search for a meaningful direction in
+the immunuotherapy of cancer," the editorial concluded.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4430" NEWID="15041">
+<DATE> 8-APR-1987 10:58:23.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1260&#31;reute
+u f BC-report-recommends-dis   04-08 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPORT SEEKS TO DISALLOW SOUTHERN &lt;SO> COSTS</TITLE>
+<DATELINE>    ATALANTA, April 8 - </DATELINE><BODY>An audit submitted to the Georgia
+Public Service Commission claims that between 944 mln dlrs and
+1.8 billion dlrs of the costs of the Plant Vogtle nuclear power
+station should be disallowed, a Southern Co spokeswoman said.
+    Southern's Georgia Power Co subsidiary has a 45.7 pct
+interest in the plant and estimated earlier this year it would
+cost a total of 8.87 billion dlrs. Last year, the plant's
+owners pledged to Georgia regulators they would limit the cost
+passed on to rate payers to 8.4 billion dlrs.
+    The Southern spokeswoman said the company feels the report
+by O'Brien-Kreitzberg is "flawed and biased." She said the
+report was released yesterday by the state attorney general.
+    Responding to the report today, Georgia Power Chairman
+Robert W. Scherer told a news conference the conclusions drawn
+by the firm "are not only wrong -- they also reflect the same
+bias against nuclear power that these auditors have
+demonstrated in similar cases accross the country."
+    Saying he was not suggesting Georgia power was without
+fault, Scherer said "the audit identified several things I wish
+we had done differently."
+    Scherer pointed out a report O'Brien-Kreitzberg submitted
+to Georgia regulators in March 1986 projected Georgia Power
+would not finish Plant Vogtle unit one before the end of 1987.
+    Noting "unit one is finished, and we expect it to be in
+commercial operationg by June," he said the firm's latest
+report ignored the earlier projection, gave the utility no
+credit for the completion and "actually penalized us by
+suggesting that costs to maintain t he schedule be disallowed."
+    Scherer said the latest audit alleges Georgia Power could
+have saved 95 mln dlrs if it had stopped using four shifts,
+seven days a week to speed construction three years sooner.
+    He said this would have delayed completion of the plant for
+another year "and it would have cost several hunderd million
+dlrs more."
+    Noting the audit said costs were increased 600 mln dlrs by
+schedule delays totaling 20.5 months, he said "First, we have
+the best concrete placement record in the industry, Second new
+government regulations after the Three Mile Island incident
+significantly increased construction time.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4025" NEWID="15042">
+<DATE> 8-APR-1987 10:58:52.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1263&#31;reute
+r f BC-FINAL-TERMS-SET-ON-AT   04-08 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINAL TERMS SET ON ATARI CORP CONVERTIBLE EUROBOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The coupon on the 75 mln dlr, 15-year,
+convertible eurobond for Atari Corp has been set at 5-1/4 pct
+compared with indicated range of five to 5-1/4 pct, lead
+manager Paine Webber International said.
+    The conversion price was set at 32-5/8 dlrs, representing a
+premium of 20.38 pct over yesterday's Atari share close of 27
+dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4431" NEWID="15043">
+<DATE> 8-APR-1987 11:00:51.15</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sorghum</D><D>sunseed</D><D>wheat</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1271&#31;reute
+r f BC-FURTHER-ARGENTINE-COA   04-08 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FURTHER ARGENTINE COARSE GRAIN LOSSES FEARED</TITLE>
+<AUTHOR>    By Manuel Villanueva</AUTHOR>
+<DATELINE>    BUENOS AIRES, April 8 - </DATELINE><BODY>Argentine grain producers adjusted
+their yield estimates for the 1986/87 coarse grain crop
+downward in the week to yesterday after the heavy rains at the
+end of March and beginning of April, trade sources said.
+    They said sunflower, maize and sorghum production estimates
+had been reduced despite some later warm, dry weather, which
+has allowed a return to harvesting in some areas.
+    However, as showers fell intermittently after last weekend,
+producers feared another spell of prolonged and intense rain
+could cause more damage to crops already badly hit this season.
+    Rains in the middle of last week reached an average of 27
+millimetres in parts of Buenos Aires province, 83 mm in
+Cordoba, 41 in Santa Fe, 50 in Entre Rios and Misiones, 95 in
+Corrientes, eight in Chaco and 35 in Formosa.
+    There was no rainfall in the same period in La Pampa.
+    Producers feared continued damp conditions could produce
+rotting and lead to still lower yield estimates for all the
+crops, including soybean.
+    However, as the lands began drying later in the week
+harvesting advanced considerably, reaching between 36 and 40
+pct of the area sown in the case of sunflower.
+    Deterioration of the sunflower crop evident in harvested
+material in Cordoba, La Pampa and Buenos Aires forced yield
+estimates per hectare to be adjusted down again.
+    The season's sunflowerseed production is now forecast at
+2.1 mln to 2.3 mln tonnes, against 2.2 mln to 2.4 mln forecast
+last week and down 43.9 to 48.8 pct on the 1985/86 record of
+4.1 mln.
+    Area sown to sunflowers was two to 2.2 mln hectares, 29.9
+to 36.3 pct below the record 3.14 mln hectares last season.
+    Maize harvesting has also reached 36 to 40 pct of the area
+sown. It is near completion in Cordoba and Santa Fe and will
+begin in La Pampa and southern Buenos Aires later in April.
+    Production estimates for maize were down from last week at
+9.5 mln to 9.8 mln tonnes, against 9.6 mln to 9.9 mln estimated
+previously.
+    This is 22.2 to 23.4 pct below the 12.4 mln to 12.6 mln
+tonnes estimated by private sources for the 1985/86 crop and
+21.9 to 25.8 pct down on the official figure of 12.8 mln
+tonnes.
+    Maize was sown on 3.58 mln to 3.78 mln hectares, two to
+seven pct down on last season's 3.85 mln.
+    Sorghum was harvested on 23 to 25 pct of the area sown in
+Cordoba, Santa Fe and Chaco. Harvest will start in La Pampa and
+Buenos Aires in mid-April.
+    The total area sown was 1.23 mln to 1.30 mln hectares, 10.3
+to 15.2 pct down on the 1.45 mln sown last season.
+    The new forecast for the sorghum crop is 2.9 mln to 3.2 mln
+tonnes compared with three mln to 3.3 mln forecast last week,
+and is 23.8 to 29.3 pct down on last season's 4.1 mln to 4.2
+mln tonne crop.
+    The soybean crop for this season was not adjusted,
+remaining at a record 7.5 mln to 7.7 mln tonnes, up 4.2 to 5.5
+pct on the 7.2 mln to 7.3 mln estimated by private sources for
+1985/86 and 5.6 to 8.5 pct higher than the official figure of
+7.1 mln.
+    The area sown to soybeans this season was a record 3.7 mln
+to 3.8 mln hectares, 10.8 to 13.8 pct up on the record 3.34 mln
+sown in 1985/86.
+    The soybean crop is showing excessive moisture in some
+areas and producers fear they may discover more damage. Some
+experimental harvesting was carried out in Santa Fe on areas
+making up only about one pct of the total crop but details on
+this were not available.
+    Preparation of the fields for the 1987/88 wheat crop, which
+will be sown between May and August or September, has so far
+not been as intense as in previous years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4027" NEWID="15044">
+<DATE> 8-APR-1987 11:04:45.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1297&#31;reute
+f f BC-******TOP-OFFICIALS-A   04-08 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TOP OFFICIALS ARRIVE AT U.S. TREASURY TO BEGIN GROUP OF FIVE MEETING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4028" NEWID="15045">
+<DATE> 8-APR-1987 11:05:28.33</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1304&#31;reute
+r f BC-DUTCH-ADJUSTED-UNEMPL   04-08 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH ADJUSTED UNEMPLOYMENT RISES IN MARCH</TITLE>
+<DATELINE>    THE HAGUE, April 8 - </DATELINE><BODY>Dutch seasonally adjusted unemployment
+rose in the month to end-March to a total 693,000 from 690,600
+at end-February, but was well down from 730,100 at end-March
+1986, Social Affairs Ministry figures show.
+    The figure for male jobless rose by 2,000 in the month to
+436,500 compared with 470,700 a year earlier. The figure for
+women was 256,500 at end-March against 256,100 a month earlier
+and 259,400 at end-March 1986.
+    On an unadjusted basis total unemployment fell by 16,500 in
+the month to end-March to 692,200. In March 1986 the figure was
+725,000.
+    A ministry spokesman said the unadjusted figures showed a
+smaller than usual seasonal decrease for the time of year,
+because of particularly cold weather delaying work in the
+building industry. He said this explained the increase in the
+adjusted statistics.
+    Total vacancies available rose by 1,900 to 26,300 at
+end-March. A year earlier the figure was 28,763.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4029" NEWID="15046">
+<DATE> 8-APR-1987 11:06:39.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1309&#31;reute
+u f BC-HARTMARX-CORP-&lt;HMX>-B   04-08 0021</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+HARTMARX CORP &lt;HMX> BOOSTS DIVIDEND
+    CHICAGO, April 8 
+    Qtly div 25 cts vs 23 cts prior qtr
+    Pay 15 May
+    Record 1 May
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4030" NEWID="15047">
+<DATE> 8-APR-1987 11:11:12.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f1329&#31;reute
+b f BC-MOODY'S-AFFIRMS-AVCO   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S AFFIRMS AVCO UNIT'S LONG-TERM DEBT</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed the long-term debt ratings but cut the commercial
+paper to Prime-2 from Prime-1 of Avco Financial Services Inc, a
+unit of Avco Corp.
+    Avco Financial has 2.5 billion dlrs of debt outstanding.
+    For the paper cut, Moody's cited a higher risk profile
+inherent in the company's core business. Moody's said the
+affirmation reflected its assessment of a less diversified risk
+profile in the company's receivables.
+    Affirmed were Avco Financial's A-3 senior debt, Baa-2
+senior subordinated debt and Baa-3 junior subordinated debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4434" NEWID="15048">
+<DATE> 8-APR-1987 11:12:13.98</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>stoltenberg</D><D>poehl</D><D>balladur</D><D>de-larosiere</D><D>miyazawa</D><D>sumita</D><D>leigh-pemberton</D><D>goria</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1335&#31;reute
+b f BC-TOP-OFFICIALS-ARRIVE   04-08 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOP OFFICIALS ARRIVE AT TREASURY FOR G-5 TALKS</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Top officials of leading industrial
+nations arrived at the U.S. Treasury main building to begin a
+meeting of the Group of Five.
+    Officials seen arriving by Reuter correspondents included
+West German Finance Minister Gerhard Stoltenberg and Bundesbank
+President Karl Otto Poehl, French Finance Minister Edouard
+Balladur and his central banker Jacques de Larosiere.
+    Also seen arriving were Japanese Finance Minister Kiichi
+Miyazawa and Japan's central bank governor Satoshi Sumita and
+British Chancellor of the Exchequer and central bank governor
+Robin Leigh Pemberton.
+    There was no immediate sign of Italian or Canadian
+officials. Monetary sources have said a fully blown meeting of
+the Group of Seven is expected to begin around 3 p.m. local
+time (1900 gmt) and last at least until 6 p.m. (2200 gmt), when
+a communique is expected to be issued.
+    Italian sources said Italian acting Finance Minister
+Giovanni Goria met Treasury Secretary James Baker last night.
+    At those talks Baker apparently convinced Goria, who
+declined to attend the February meeting of the Group of Seven
+in Paris, that Italy would participate fully in any meaningful
+decisions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4032" NEWID="15049">
+<DATE> 8-APR-1987 11:12:43.58</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1338&#31;reute
+b f BC-/-FED-EXPECTED-TO-SET   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO SET CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>The Federal Reserve is expected to
+intervene in the government securities market to supply
+temporary reserves indirectly via customer repurchase
+agreements, economists said.
+    Economists expect the Fed to execute 2.0-2.5 billion dlrs
+of customer repos to offset pressures from the end of the
+two-week bank reserve maintenance period today. Some also look
+for a permanent reserve injection to offset seasonal pressures
+via an outright purchase of bills or coupons this afternoon.
+     The Federal funds rate opened at 6-3/8 pct and remained at
+that level, up from yesterday's 6.17 pct average.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4033" NEWID="15050">
+<DATE> 8-APR-1987 11:15:23.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1352&#31;reute
+r f BC-BEST-BUY-&lt;BBUY>-MARCH   04-08 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEST BUY &lt;BBUY> MARCH SALES RISE</TITLE>
+<DATELINE>    MINNEAPOLIS, April 8 - </DATELINE><BODY>Best Buy Co Inc said its sales for
+March rose to 26.1 mln dlrs from 11.9 mln dlrs in the
+comparable 1986 period.
+    It said sales for the fiscal year ended March 31 rose to
+329.5 mln dlrs from 113.1 mln dlrs a year earlier.
+    The company said sales performance was based on the
+addition of 12 new retail facilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4034" NEWID="15051">
+<DATE> 8-APR-1987 11:15:28.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1353&#31;reute
+r f BC-AUTOSPA-&lt;LUBE>-TO-RED   04-08 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUTOSPA &lt;LUBE> TO REDEEM WARRANTS</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>AutoSpa corp said it will redeem all
+its common stock purchase warrants on May Five at 7.5 cts each.
+    Through May Four, each warrant may be exercised into one
+common share at 1.75 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4035" NEWID="15052">
+<DATE> 8-APR-1987 11:15:35.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1354&#31;reute
+r f BC-READER'S-DIGEST-ASSOC   04-08 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>READER'S DIGEST ASSOCIATION SELLS UNIT</TITLE>
+<DATELINE>    PLEASANTVILLE, N.Y., April 8 - </DATELINE><BODY>&lt;The Reader's Digest
+Association Inc> said it sold its subsidiary, Source
+Telecomputing Corp, to the venture capital firm of &lt;Welsh,
+Carson, Anderson and Stowe>.
+    The purchase price was not disclosed, Reader's Digest said.
+    It said it purchased an 80 pct stake in Source in 1980 and
+earned an unspecified profit on 14 mln dlrs in revenues in
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4036" NEWID="15053">
+<DATE> 8-APR-1987 11:15:38.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1355&#31;reute
+r f BC-WEIS-MARKETS-INC-&lt;WMK   04-08 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEIS MARKETS INC &lt;WMK> 1ST QTR MARCH 28 NET</TITLE>
+<DATELINE>    SUNBURY, Pa., April 8 -
+    </DATELINE><BODY>Shr 59 cts vs 51 cts
+    Net 18.0 mln vs 15.6 mln
+    Revs 278.6 mln vs 272.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4037" NEWID="15054">
+<DATE> 8-APR-1987 11:15:46.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1356&#31;reute
+r f BC-AVNET-INC-&lt;AVT>-FILES   04-08 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVNET INC &lt;AVT> FILES FOR DEBENTURE OFFERING</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Anvet Inc said it filed with the
+Securities and Exchange Commission a registration statement for
+a proposed public offering of 150 mln dlrs of convertible
+subordinated debentures due 2012.
+    Avnet said it will use the net proceeds for general working
+capital purposes and the anticipated domestic and foreign
+expansion of its distribution, assembly and manufacturing
+businesses.
+    The company said an investment banking group managed by
+Dillon Read and Co Inc will handle the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4038" NEWID="15055">
+<DATE> 8-APR-1987 11:15:53.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1357&#31;reute
+r f BC-CONTINENTAL-BANK-INIT   04-08 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL BANK INITIAL DISTRIBUTION APPROVED</TITLE>
+<DATELINE>    TORONTO, April 8 - </DATELINE><BODY>Continental Bank of Canada said
+shareholders approved a capital reorganization to allow an
+initial payout by the end of May to common shareholders from
+last year's 200 mln Canadian dlr sale of most Continental
+assets to &lt;Lloyds Bank PLC>'s Lloyds Bank Canada.
+    The bank said the initial distribution would take the form
+of a stock dividend of cumulative redeemable retractable class
+A series two preferred shares entitling holders to monthly
+floating rate dividends at 72 pct of prime and to 12.75 dlrs a
+share on retraction.
+    Continental said the initial payout was subject to Canadian
+government approval.
+    The bank reiterated that total distributions to common
+shareholders would range from 16.50 dlrs a share to 17.25 dlrs
+including the initial stock dividend and a final distribution
+in late 1988 or early 1989.
+    The payout of existing preferred shareholders will be
+completed just before next month's initial distribution to
+common shareholders, Continental added.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4039" NEWID="15056">
+<DATE> 8-APR-1987 11:15:58.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1358&#31;reute
+r f BC-ATLAS-CONSOLIDATED-MI   04-08 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLAS CONSOLIDATED MINING AND DEVELOPMENT &lt;ACMB></TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>4th qtr
+    Shr loss 17 cts vs loss 22 cts
+    Net loss 14.5 mln vs loss 18.0 mln
+    Revs 27.3 mln vs 23.7 mln
+    Year
+    Shr 58 cts vs 1.01 dlrs
+    Net loss 48.3 mln vs loss 84.2 mln
+    Revs 111.7 mln vs 141.9 mln
+    NOTE: Atlas Consolidated Mining and Development Corp of
+Manila.
+    Translated from Philippine pesos at 20.3489 pesos to dollar
+vs 18.5571 in quarter and 20.2315 vs 18.2743 in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4040" NEWID="15057">
+<DATE> 8-APR-1987 11:16:31.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1362&#31;reute
+r f BC-FORD-&lt;F>-EXTENDS-INCE   04-08 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> EXTENDS INCENTIVES ON LIGHT TRUCKS</TITLE>
+<DATELINE>    DEARBORN, Mich., April 8 - </DATELINE><BODY>Ford Motor Co said it extended
+its buyer incentive program on light trucks to April 30 from
+April 6, the program's previous expiration date.
+    Ford, which saw a 23 pct rise in its March truck sales over
+the March 1986 level, said the incentives were extended to
+"maintain its truck sales momentum."
+    The program itself was not changed. Customers have a choice
+of 3.9 to 9.9 annual percentage rate financing or a cash rebate
+of 300 dlrs or 600 dlrs, depending on the type of transmission
+chosen.
+    Ford last week extended to April 30 from March 12 its
+incentive program on its compact trucks and the Ford Taurus and
+Mercury Sable cars.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4041" NEWID="15058">
+<DATE> 8-APR-1987 11:16:47.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>fao</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1364&#31;reute
+d f BC-FAO-REPORTS-BETTER-CR   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAO REPORTS BETTER CROPS IN DEVELOPING COUNTRIES</TITLE>
+<DATELINE>    ROME, April 8 - </DATELINE><BODY>World output of staple foods maintained
+growth in 1986, following a record harvest the year before, and
+most of the increase was in developing countries, the director
+general of the U.N.'s Food and Agriculture Organisation (FAO)
+said.
+    Speaking to FAO's committee on world food security, Edouard
+Saouma said sub-Saharan Africa registered a cereal production
+increase of 3.6 pct in 1986 and the Far East also continued to
+increase production.
+    Despite ample supplies worldwide, many countries face
+problems in paying for all the food they need, he said.
+    Saouma said many of the developing world's food problems
+were the result of "chaotic" world trade.
+    He said it was vital to promote employment to improve the
+"food-security situation" of the poor, with policy reforms in
+developing countries to remove existing disincentives to
+production so that agriculture could play a greater role in
+stimulating economic growth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4042" NEWID="15059">
+<DATE> 8-APR-1987 11:16:54.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1365&#31;reute
+r f BC-AVX-CORP-&lt;AVX>-FILES   04-08 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVX CORP &lt;AVX> FILES FOR DEBENTURE OFFERING</TITLE>
+<DATELINE>    GREAT NECK, N.Y., April 8 - </DATELINE><BODY>AVX Corp said it has filed a
+registration statement with the Securities and Exchange
+Commission for a proposed public offering of 75 mln dlrs
+prinicipal amount of convertible subordinated debentures.
+    AVX said a syndicate managed by Shearson Lehman Brothers
+Inc will underwrite the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4043" NEWID="15060">
+<DATE> 8-APR-1987 11:17:19.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1367&#31;reute
+u f BC-SCI-MED-&lt;SMLS>-BOARD   04-08 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCI-MED &lt;SMLS> BOARD AGREES TO BRISTOL&lt;BMY>DEAL</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., April 8 - </DATELINE><BODY>Sci-Med Life Systems Inc said
+its directors approved a previously proposed agreement of
+merger with Bristol-Myers Co.
+    The proposed transaction is subject to completion of a due
+diligence investigation, including a review by Bristol-Myers of
+a patent infringement suit served on Sci-Med by Advanced
+Cardiovascular Systems Inc on March 31, 1987.
+    Bristol-Myers has the right to call off the agreement under
+certain circumstances, it said.
+    Sci-Med said it continues to believe the patent suit is
+without merit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4044" NEWID="15061">
+<DATE> 8-APR-1987 11:18:14.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1371&#31;reute
+r f BC-FIDELCOR-&lt;FICR>-COMPL   04-08 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIDELCOR &lt;FICR> COMPLETES SALE OF UNIT</TITLE>
+<DATELINE>    PHILADELPHIA, April 8 - </DATELINE><BODY>Fidelcor Inc said it has completed
+the sale of its Industrial Valley Title Insurance Co subsidiary
+to a group of investors including the unit's management for
+undisclosed terms.
+    Industrial Valley has assets of about 37.6 mln dlrs and was
+acquired last year along with IVB Financial Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4045" NEWID="15062">
+<DATE> 8-APR-1987 11:18:20.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1372&#31;reute
+d f BC-DATA-TRANSLATION-INC   04-08 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA TRANSLATION INC &lt;DATX> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    MARLBORO, Mass., April 8 -
+    </DATELINE><BODY>Shr 18 cts vs 13 cts
+    Net 575,000 vs 379,000
+    Sales 6,625,000 vs 4,537,000
+    Avg shrs 3,173,000 vs 2,977,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4046" NEWID="15063">
+<DATE> 8-APR-1987 11:18:37.67</DATE>
+<TOPICS><D>pet-chem</D><D>crude</D><D>acq</D><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1375&#31;reute
+d f BC-petrochemical   04-08 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY/U.S. PETROCHEMICAL INDUSTRY</TITLE>
+<AUTHOR>    By JULIE VORMAN, Reuters</AUTHOR>
+<DATELINE>    HOUSTON, April 8 - </DATELINE><BODY>Cheap oil feedstocks, the weakened U.S.
+dollar and a plant utilization rate approaching 90 pct will
+propel the streamlined U.S. petrochemical industry to record
+profits this year, with growth expected through at least 1990,
+major company executives predicted.
+    This bullish outlook for chemical manufacturing and an
+industrywide move to shed unrelated businesses has prompted GAF
+Corp &lt;GAF>, privately-held Cain Chemical Inc, and other firms
+to aggressively seek acquisitions of petrochemical plants.
+    Oil companies such as Ashland Oil Inc &lt;ASH>, the
+Kentucky-based oil refiner and marketer, are also shopping for
+money-making petrochemical businesses to buy.
+    "I see us poised at the threshold of a golden period," said
+Paul Oreffice, chairman of giant Dow Chemical Co &lt;DOW>, adding,
+"There's no major plant capacity being added around the world
+now. The whole game is bringing out new products and improving
+the old ones."
+    Analysts say the chemical industry's biggest customers,
+automobile manufacturers and home builders that use a lot of
+paints and plastics, are expected to buy quantities this year.
+    U.S. petrochemical plants are currently operating at about
+90 pct capacity, reflecting tighter supply that could hike
+product prices by 30 to 40 pct this year, said John Dosher,
+managing director of Pace Consultants Inc of Houston. Demand
+for some products such as styrene could push profit margins up
+by as much as 300 pct, he said.
+    Oreffice, speaking at a meeting of chemical engineers in
+Houston, said Dow would easily top the 741 mln dlrs it earned
+last year and predicted it would have the best year in its
+history.
+    In 1985, when oil prices were still above 25 dlrs a barrel
+and chemical exports were adversely affected by the strong U.S.
+dollar, Dow had profits of 58 mln dlrs. "I believe the entire
+chemical industry is headed for a record year or close to it,"
+Oreffice said.
+    GAF chairman Samuel Heyman estimated that the U.S. chemical
+industry would report a 20 pct gain in profits during 1987.
+Last year, the domestic industry earned a total of 13 billion
+dlrs, a 54 pct leap from 1985.
+    The turn in the fortunes of the once-sickly chemical
+industry has been brought about by a combination of luck and
+planning, said Pace's John Dosher.
+    Dosher said last year's fall in oil prices made feedstocks
+dramatically cheaper and at the same time the American dollar
+was weakening against foreign currencies. That helped boost
+U.S. chemical exports.
+    Also helping to bring supply and demand into balance has
+been the gradual market absorption of the extra chemical
+manufacturing capacity created by Middle Eastern oil producers
+in the early 1980s.
+    Finally, virtually all major U.S. chemical manufacturers
+have embarked on an extensive corporate restructuring program
+to mothball inefficient plants, trim the payroll and eliminate
+unrelated businesses. The restructuring touched off a flurry of
+friendly and hostile takeover attempts.
+    GAF, which made an unsuccessful attempt in 1985 to acquire
+Union Carbide Corp &lt;UK>, recently offered three billion dlrs
+for Borg Warner Corp &lt;BOR>, a Chicago manufacturer of plastics
+and chemicals. Another industry powerhouse, W.R. Grace &lt;GRA> 
+has divested its retailing, restaurant and fertilizer
+businesses to raise cash for chemical acquisitions.
+    But some experts worry that the chemical industry may be
+headed for trouble if companies continue turning their back on
+the manufacturing of staple petrochemical commodities, such as
+ethylene, in favor of more profitable specialty chemicals that
+are custom-designed for a small group of buyers.
+    "Companies like DuPont &lt;DD> and Monsanto Co &lt;MTC> spent the
+past two or three years trying to get out of the commodity
+chemical business in reaction to how badly the market had
+deteriorated," Dosher said. "But I think they will eventually
+kill the margins on the profitable chemicals in the niche
+market." Some top chemical executives share the concern.
+    "The challenge for our industry is to keep from getting
+carried away and repeating past mistakes," GAF's Heyman
+cautioned. "The shift from commodity chemicals may be
+ill-advised. Specialty businesses do not stay special long."
+    Houston-based Cain Chemical, created this month by the
+Sterling investment banking group, believes it can generate 700
+mln dlrs in annual sales by bucking the industry trend.
+    Chairman Gordon Cain, who previously led a leveraged buyout
+of Dupont's Conoco Inc's chemical business, has spent 1.1
+billion dlrs since January to buy seven petrochemical plants
+along the Texas Gulf Coast.
+    The plants produce only basic commodity petrochemicals that
+are the building blocks of specialty products.
+    "This kind of commodity chemical business will never be a
+glamorous, high-margin business," Cain said, adding that demand
+is expected to grow by about three pct annually.
+    Garo Armen, an analyst with Dean Witter Reynolds, said
+chemical makers have also benefitted by increasing demand for
+plastics as prices become more competitive with aluminum, wood
+and steel products. Armen estimated the upturn in the chemical
+business could last as long as four or five years, provided the
+U.S. economy continues its modest rate of growth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4047" NEWID="15064">
+<DATE> 8-APR-1987 11:20:27.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1387&#31;reute
+d f BC-FEDERAL-PAPER-BOARD-&lt;   04-08 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL PAPER BOARD &lt;FBO> IN MARKETING DEAL</TITLE>
+<DATELINE>    MONTVALE, N.J., April 8 - </DATELINE><BODY>Federal Paper Board Co Inc said
+it has named Ozaki Trading Co Ltd of Osaka to represent it it
+Japan on the sale of bleached paperboard.
+    Federal said it plans to open its own Japanese office in
+the near future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4048" NEWID="15065">
+<DATE> 8-APR-1987 11:21:05.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1390&#31;reute
+d f BC-FIDATA-CORP-&lt;FID>-4TH   04-08 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIDATA CORP &lt;FID> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, April 8 -
+    </DATELINE><BODY>Shr loss two cts vs profit 38 cts
+    Net loss 90,000 vs profit 1,685,000
+    Revs 1,826,000 vs 29.3 mln
+    Year
+    Shr profit 3.37 dlrs vs profit 46 cts
+    Net profit 15.0 mln vs profit 2,047,000
+    Revs 26.2 mln vs 123.6 mln
+    NOTE: Net includes pretax securities sale gain 10,000 dlrs
+vs loss 1,000 dlrs in quarter and gain 486,000 dlrs vs loss
+112,000 dlrs in year.
+    Net includes pretax gains on sale of businesses of nil vs
+4,656,000 dlrs in quarter and 26.0 mln dlrs vs 4,656,000 dlrs
+in year.
+    Net includes pretax losses on disposition of product line
+of nil vs 3,150,000 dlrs in quarter and 3,300,000 dlrs vs
+3,150,000 dlrs in year.
+    Quarter net includes tax credits of 102,000 dlrs vs 736,000
+dlrs.
+    Net includes reversal of tax loss carryforwards of 259,000
+dlrs vs 264,000 dlrs in quarter and tax loss carryforwards of
+8,635,000 dlrs vs 579,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4049" NEWID="15066">
+<DATE> 8-APR-1987 11:21:19.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1392&#31;reute
+d f BC-CMS-&lt;ACMS>-UNVEILS-FI   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CMS &lt;ACMS> UNVEILS FIRST IBM SYSTEM/2 ADD ONS</TITLE>
+<DATELINE>    TUSTIN, Calif., April 8 - </DATELINE><BODY>CMS Enhancements Inc said it has
+introduced the first add-on mass storage products for the new
+International Business Machines Corp &lt;IBM> IBM Personal
+System/2 Model 30 personal computers.
+    CMS said the products are available immediately and include
+hard disk drives, tape backup subsystems and a hard disk drive
+on an expansion card.
+    It added it plans to introduce more products for higher-
+end models of the IBM personal computers within the next two
+months.
+    Prices for the new products range from 795 dlrs for a tape
+backup subsystem, to 5,695 dlrs for a mass storage subsystem.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4050" NEWID="15067">
+<DATE> 8-APR-1987 11:21:24.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1393&#31;reute
+d f BC-MARBLE-FINANCIAL-CORP   04-08 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARBLE FINANCIAL CORP &lt;MRBL> 1ST QTR NET</TITLE>
+<DATELINE>    RUTLAND, Vt., April 8 -
+    </DATELINE><BODY>Oper shr 26 cts vs not given
+    Oper net 866,000 vs 480,000
+    NOTE: 1987 net excludes 157,000 dlr gain from termination
+of pension plan.
+    Company went public in August 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4051" NEWID="15068">
+<DATE> 8-APR-1987 11:22:35.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1402&#31;reute
+d f BC-NANTUCKET-&lt;NAN>-NAMES   04-08 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NANTUCKET &lt;NAN> NAMES NEW HEAD FOR UNIT</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Nantucket Industries Inc said James
+Adams has been named president of its hosiery division,
+replacing John Wineapple, and Terry Hampton has been named vice
+president of manufacturing for the division, replacing Howard
+Fromkin.
+    No reason was given for the changes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4052" NEWID="15069">
+<DATE> 8-APR-1987 11:23:52.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1408&#31;reute
+f f BC-dominion-textile   04-08 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOMINION TEXTILE CALLS REPORT OF BID FOR BURLINGTON RUMOR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4053" NEWID="15070">
+<DATE> 8-APR-1987 11:25:35.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1413&#31;reute
+f f BC-******RAYTHEON-CO-1ST   04-08 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RAYTHEON CO 1ST QTR SHR 1.37 DLRS VS 1.19 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4054" NEWID="15071">
+<DATE> 8-APR-1987 11:26:59.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1424&#31;reute
+r f BC-FREEPORT-&lt;FTX>-TO-ACC   04-08 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEPORT &lt;FTX> TO ACCRUE INTANGIBLE COSTS</TITLE>
+<DATELINE>    NEW ORLEANS, La., April 8 - </DATELINE><BODY>Freeport-McMoRan Inc said it
+has decided to begin accruing a portion of its estimate of the
+intanmgible drilling and development cost recapture amount as a
+cost in determining payments to be made to Freeport-McMoRan Oil
+and Gas Royalty Trust &lt;PMR> unitholders.
+    Freeport said this is expected to reduce monthly payments
+by about two cts per unit starting with the distribution
+payable July 10 to holders of record May 29.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4055" NEWID="15072">
+<DATE> 8-APR-1987 11:27:37.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1426&#31;reute
+r f BC-ATT-&lt;T>-DEVELOPS-SUPE   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> DEVELOPS SUPERCONDUCTING WIRE</TITLE>
+<DATELINE>    DENVER, April 8 - </DATELINE><BODY>American Telephone and Telegraph Co said
+it has developed superconducting wires that can easily be
+formed into coils.
+    It said when cooled to 91 degrees Kelvin, or 296 degrees
+below zero Fahrenheit, the wires conduct electricity without
+resistance.
+    ATT said the wires are made of a barium-yttrium-copper
+oxide compound.  It said while many engineering details remain
+to be worked out, "The ability to draw the material into fine
+wire and to wind the wire into coils and other forms is key for
+many superconductor applications now being considered."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4056" NEWID="15073">
+<DATE> 8-APR-1987 11:28:50.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1429&#31;reute
+u f BC-JAL-BOEING-CRASH-CAUS   04-08 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAL BOEING CRASH CAUSED BY FAULTY REPAIRS-REPORT</TITLE>
+<DATELINE>    TOKYO, April 8 - </DATELINE><BODY>Faulty repair work by The Boeing Company
+&lt;BA.N> was a contributary cause to a Japan Air Lines Co Ltd
+&lt;JAPN.Y> 747 crash on August 12, 1985, that killed 520 people,
+the final draft of a Ministry of Transport report says.
+    There were only four survivors when the aircraft crashed
+into a mountain north of Tokyo.
+    The report said inadequate inspection of the aircraft by
+Japanese inspectors after the repairs was another factor in the
+crash. The crew were cleared of any responsibility for the
+disaster.
+    The report, which was sent on March 23 to the U.S. National
+Transportation Safety Board for comment, should be released in
+late May. Under an international convention the draft must be
+submitted for final comments to the relevant authorities.
+    Boeing spokesmen were unavailable for comment. On April 4,
+a Boeing spokesman at the firm's headquarters said the company
+would probably make no comment on the Japanese investigation
+team's report until it was officially released.
+    On September 6, 1985, Boeing said in a statement that the
+1978 repairs it had undertaken were faulty. This statement did
+not, however, connect the faulty repairs with the cause of the
+crash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4057" NEWID="15074">
+<DATE> 8-APR-1987 11:28:55.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1430&#31;reute
+f f BC-******FLEET-FINANCIAL   04-08 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FLEET FINANCIAL GROUP 1ST QTR SHR 73 CTS VS 60 CTS 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4439" NEWID="15075">
+<DATE> 8-APR-1987 11:30:02.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1438&#31;reute
+r f BC-MCI-&lt;MCIC>-ENTERS-JOI   04-08 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCI &lt;MCIC> ENTERS JOINT MARKETING AGREEMENT</TITLE>
+<DATELINE>    ATLANTA, April 8 - </DATELINE><BODY>&lt;Shared Network Technologies Inc> said
+it entered into a cooperative marketing agreement with MCI
+Communications Corp involving services designed specifically
+for the university market.
+    Under the agreement, the companies will jointly promote and
+support TelNet Plus, a combination of MCI's PRISM family of
+services, and TelNet, Shared Network's telephone billing and
+network management services, the company said.
+    TelNet Plus keeps track of all calls made through a
+university's telephone system, rates the calls and produces
+monthly invoices for each student or departmental account,
+Shared Network said.
+    The system also offers a variety of reportes, which aid
+college telecommunications directors in controlling and
+managing their telephone systems, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4059" NEWID="15076">
+<DATE> 8-APR-1987 11:30:32.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1441&#31;reute
+d f BC-REYNOLDS-&lt;REYNA>-FILE   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REYNOLDS &lt;REYNA> FILES COUNTER SUIT</TITLE>
+<DATELINE>    DAYTON, Ohio, April 8 - </DATELINE><BODY>Reynolds and Reynolds said that it
+filed a coutersuit in the U.S. District Court in Detroit
+against Advanced Voice Technologies and that it denied all
+allegations in Advanced's March lawsuit against Reynolds.
+   As previously reported, Advanced's suit charges Reynolds
+with pirating a computer-based voice messaging system for auto
+dealer departments using confidential information it received
+while test marketing the system for Advanced.
+    In the countersuit, Reynolds claimed that Advanced used its
+proprietary inofrmation contrary to an agreement between the
+companies.
+    Reynolds also said Advanced interfered with its plans to
+enter the market and compete with Advanced through a public
+relations campaign and other activities.
+    Reynolds said its suit asked the court for injunctive and
+monetary relief based on Advanced's activities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4060" NEWID="15077">
+<DATE> 8-APR-1987 11:30:59.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1442&#31;reute
+s f BC-DIEBOLD-INC-&lt;DBD>-DEC   04-08 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIEBOLD INC &lt;DBD> DECLARES DIVIDEND</TITLE>
+<DATELINE>    CANTON, Ohio, April  8 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Pay June 8
+    Record May 18
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4061" NEWID="15078">
+<DATE> 8-APR-1987 11:31:03.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1443&#31;reute
+s f BC-INDEPENDENT-BANK-CORP   04-08 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDEPENDENT BANK CORP &lt;IBCP> REGULAR DIVIDEND</TITLE>
+<DATELINE>    IONIA, MICH., April 8 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts previously
+    Pay April 20
+    Record April 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4062" NEWID="15079">
+<DATE> 8-APR-1987 11:31:46.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1446&#31;reute
+u f BC-RAYTHEON-CO-&lt;RTN>-1ST   04-08 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYTHEON CO &lt;RTN> 1ST QTR NET</TITLE>
+<DATELINE>    LEXINGTON, Mass., April 8 -
+    </DATELINE><BODY>Shr 1.37 dlrs vs 1.19 dlrs
+    Net 101.8 mln vs 92.3 mln
+    Revs 1.750 billion vs 1.725 billion
+    Avg shrs 74.2 mln vs 77.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4441" NEWID="15080">
+<DATE> 8-APR-1987 11:32:15.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1448&#31;reute
+d f BC-LICENCE-OF-AUSTRALIAN   04-08 0160</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LICENCE OF AUSTRALIAN FUTURES TRADER SUSPENDED</TITLE>
+<DATELINE>    MELBOURNE, April 8 - </DATELINE><BODY>The Victorian Corporate Affairs
+Commission, CAC, said it had suspended the futures trading
+licence of G H Shintoh (Australia) Ltd after a receiver was
+appointed to the company's South Australian branch.
+    The one month suspension followed consultation with the
+Sydney Futures Exchange, SFE, which was liaising with Shintoh
+concerning the open positions of its clients, the CAC said.
+    The South Australian CAC had applied for the appointment of
+a receiver and manager over the Adelaide office of Shintoh, an
+associate member of the SFE, the CAC said.
+    Shintoh's is the first licence suspended under a Futures
+Industry Code introduced by Australian states from July 1,
+1986, SFE chief executive Les Hosking told Reuters.
+    Asiavest Pty Ltd, a commodities futures trader associated
+with Shintoh and incorporated in Queensland, was placed in
+receivership earlier this year, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4064" NEWID="15081">
+<DATE> 8-APR-1987 11:32:34.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1452&#31;reute
+r f BC-SHOPSMITH-&lt;SHOP>-REMO   04-08 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHOPSMITH &lt;SHOP> REMOVES PRESIDENT</TITLE>
+<DATELINE>    DAYTON, Ohio, April 8 - </DATELINE><BODY>Shopsmith Inc said its board has
+released Joseph DiGaicomo Jr. as president, but he will remain
+on the board.
+    The company said the post of president will not be filled
+at present.
+    "With very disappointing sales results during the quarter
+just ended, adjustments are appropriate," the company quoted
+chairman John R. Folkerth as saying.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4065" NEWID="15082">
+<DATE> 8-APR-1987 11:32:38.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1453&#31;reute
+d f BC-WALTHAM-SAVINGS-BANK   04-08 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALTHAM SAVINGS BANK &lt;WLBK> INITIAL DIVIDEND</TITLE>
+<DATELINE>    WALTHAM, Mass, APril 8 -
+    </DATELINE><BODY>Qtly div eight cts vs N.A.
+    Payable May 11
+    Record April 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4066" NEWID="15083">
+<DATE> 8-APR-1987 11:32:50.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1455&#31;reute
+u f BC-EASTMAN-KODAK-ISSUES   04-08 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTMAN KODAK ISSUES AUSTRALIA DOLLAR BOND</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Eastman Kodak Co is issuing a 200 mln
+Australian dlr zero-coupon bond due May 12, 1992 and priced at
+54-3/8 for an effecitve yield of 13.52 pct, said Merrill Lynch
+Capital Markets as lead manager.
+    The securities, which are available in denominations of
+1,000 and 10,000 dlrs, will be listed on the Luxembourg Stock
+Exchange. Eastman Kodak's outstanding issues are rated AAA/AA.
+    There is a 7/8 pct selling concession and 1/2 pct combined
+management and underwriting fee. Payment is due May 12, 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4067" NEWID="15084">
+<DATE> 8-APR-1987 11:34:23.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1463&#31;reute
+u f BC-TEXACO-&lt;TX>-RECOMMEND   04-08 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> RECOMMENDED BY FIRST BOSTON</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>First Boston Corp analyst William
+Randol recommended the purchase of Texaco Inc today, saying
+"the discount that investors have made in the share price to
+reflect the ongoing litigation with Pennzoil has been overdone
+relative to how we expect the case to conclude."
+    Texaco's stock rose 1/8 to 34-1/8.
+    On Monday, the stock tumbled four points after the Supreme
+Court overturned a lower court decision that cut Texaco's bond
+in the 10.3 billion dlr legal dispute with Pennzoil Co &lt;PZL> to
+one billion dlrs. Yesterday, a Texas court granted a temporary
+injunction on the bond issue pending a hearing next week.
+    The current litigation arose from Texaco's buyout of Getty
+Oil Co in 1984. Pennzoil sued, arguing its earlier agreement to
+buy Getty was binding. Two Texas state courts upheld Pennzoil's
+position.
+     Randol, noting that the stock has suffered a great deal in
+the two years since the litigation was filed, said "we
+recognize the legal problems but think investors have overdone
+it."
+    He said "the stock is selling at 48 pct of its asset value,
+and we think it represents a good value at this level."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4068" NEWID="15085">
+<DATE> 8-APR-1987 11:36:41.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1476&#31;reute
+r f BC-PHILIPS-SEES-HIGHER-F   04-08 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPS SEES HIGHER FIRST QUARTER TURNOVER</TITLE>
+<DATELINE>    EINDHOVEN, The Netherlands, April 8 - </DATELINE><BODY>NV Philips
+Gloielampenfabrieken &lt;PGLO.AS> expects volume turnover to show
+"a satisfactory increase" in the first 1987 quarter, chairman Cor
+van der Klugt told the annual shareholders meeting.
+    But an average dollar rate of only 2.07 guilders against
+the 2.69 guilders in the first quarter of 1986 would take
+turnover for January to March this year in guilder terms to
+less than the 13.06 billion guilders posted in the comparable
+1986 period.
+    He said all the first quarter figures were not yet
+available and would be released on April 29.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4069" NEWID="15086">
+<DATE> 8-APR-1987 11:36:49.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1477&#31;reute
+d f BC-DATA-I/O-&lt;DAIO>-HAS-S   04-08 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA I/O &lt;DAIO> HAS SOFTWARE FOR MOSAIC SYSTEMS</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Data I/O Corp said it unveiled a
+software package that helps engineers design complex integrated
+circuits that fit on circuit boards built by &lt;Mosaic Systems
+Inc>.
+    It said the Mosaic boards allow engineers to develop the
+circuits at one-tenth their present size. The software will be
+marketed in conjuction with the circuit boards, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4070" NEWID="15087">
+<DATE> 8-APR-1987 11:37:17.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1481&#31;reute
+d f BC-PHOTOGRAPHIC-SCIENCES   04-08 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOTOGRAPHIC SCIENCES &lt;PSXX> FORMS NEW UNIT</TITLE>
+<DATELINE>    ROCHESTER, N.Y., April 8 - </DATELINE><BODY>Photographic Sciences Corp said
+it has formed a new Metrology Division for the production and
+marketing of surface profiler measurement equipment.
+    It said the equipment, a new market area, should add
+significantly to company revenues in the next few years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4071" NEWID="15088">
+<DATE> 8-APR-1987 11:37:25.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1482&#31;reute
+d f BC-MERCK-&lt;MRK>-COMBINATI   04-08 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCK &lt;MRK> COMBINATION HEART DRUG AVAILABLE</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Merck and Co Inc said a combination
+heart drug is available by prescription in the U.S.
+    The drug is Vaseretic, a once-a-day medication combining an
+angiotensin converting enzyme inhibitor (ACE) and a diuretic to
+treat high blood pressure. The inhibitor is a new class of
+antihypertensive drugs. Last year Merck introduced Vasotec, an
+ACE inhibitor.
+    The new drug combined Vasotec and HydroDiuril, a frequently
+prescribed diuretic.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4443" NEWID="15089">
+<DATE> 8-APR-1987 11:37:36.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>japan</D><D>switzerland</D><D>australia</D><D>hong-kong</D><D>france</D><D>canada</D><D>west-germany</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1483&#31;reute
+d f BC-U.K.-SEEKS-MORE-GLOBA   04-08 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. SEEKS MORE GLOBAL SECURITIES CO-OPERATION</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Britain intends to negotiate further
+agreements on international securities regulation to match
+those now in force with the U.S. And Japan, government sources
+said.
+    The Department of Trade and Industry said earlier it had
+concluded a memorandum of understanding with Japan's Finance
+Ministry to swap supervisory and investigatory information.
+    The agreement covers stocks, shares and government bonds,
+but not commodity futures, whose regulation in Japan does not
+come under the Finance Ministry. It therefore does not cover
+some transactions on the London International Financial Futures
+Exchange and the London commodities and metal exchanges.
+    The DTI said it hoped to seek further understandings with
+other countries which met in the U.K. Last December. The
+meeting involved delegates from the U.K., Switzerland, the
+U.S., Canada, Australia, Hong Kong, Japan, France, West Germany
+and Holland.
+    Government sources said the deal with Japan completes
+arrangements linking Tokyo, the U.S. And London. A U.K.
+Agreement with the U.S. Securities and Exchange Commission
+(SEC) was signed last September.
+    Today's agreement will deal with requests for information
+on a "case by case" basis, U.K. Government sources said. It is
+not legally binding and comes into force immediately.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4073" NEWID="15090">
+<DATE> 8-APR-1987 11:38:26.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1488&#31;reute
+b f BC-FLEET-FINANCIAL-GROUP   04-08 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLEET FINANCIAL GROUP &lt;FLT> 1ST QTR NET</TITLE>
+<DATELINE>    PROVIDENCE, R.I., April 8 -
+    </DATELINE><BODY>Shr primary 73 cts vs 60 cts
+    Shr diluted 70 cts vs 58 cts
+    Net 38,528,000 vs 31,680,000
+    Avg shares 52,087,634 vs 51,294,652
+    NOTE: Qtr net interest income is 130.7 mln dlrs vs 114.8
+mln dlrs. Earnings per share reflects two-for-one common stock
+split on March 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4074" NEWID="15091">
+<DATE> 8-APR-1987 11:39:39.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1491&#31;reute
+b f BC-dominion-calls   04-08 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOMINION CALLS BURLINGTON &lt;BUR> REPORT RUMOR</TITLE>
+<DATELINE>    MONTREAL, April 8 - </DATELINE><BODY>&lt;Dominion Textile Inc> considers a
+published report that it has bought a stake in Burlington
+Industries Inc and is considering making a joint bid for the
+company to be a rumor, a company spokesman said.
+    "As far as I am concerned and the company is concerned, they
+are rumors and we're not commenting on rumors," spokesman Michel
+Dufour told Reuters in response to a query.
+    "All the information that has been given out publicly is
+that, yes, Dominion Textile is interested in making an
+acquisition that big...probably based on that people are
+starting all sorts of rumors," he said.
+    Dufour said yes when asked whether the report was only a
+rumor, but said the company was not prepared to comment
+further. Dominion Textile president and chairman Thomas Bell
+was out of town and unavailable for comment.
+    Dominion Textile last year made an unsuccesful 104-mln-
+U.S.-dlr bid for Avondale Mills and has maintained a 120-mln-
+U.S.-dlr line of credit to be used for an American acquisition.
+    Dufour said the company has been negotiating with "many"
+U.S. textile companies but would not say whether Burlington
+Industries was one of them.
+    Burlington's stock rose sharply this morning on the report,
+which said Dominion Textile had joined with U.S. investor Asher
+Edelman to buy a stake in the company and to consider making a
+takeover offer.
+    Dominion Textile, which reported operating profit of 11.1
+mln Canadian dlrs last year on sales of 926.5 mln dlrs, has
+repeatedly said it will concentrate on expanding into the U.S. 
+   The company has said it plans to diversify into new product
+and market areas in addition to expanding its textile
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4075" NEWID="15092">
+<DATE> 8-APR-1987 11:40:18.25</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1496&#31;reute
+f f BC-******FED-SETS-OVERNI   04-08 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS OVERNIGHT SYSTEM REPURCHASES, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4076" NEWID="15093">
+<DATE> 8-APR-1987 11:41:07.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1497&#31;reute
+u f BC-RAYTHEON-&lt;RTN>-NET-RI   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYTHEON &lt;RTN> NET RISES ON OPERATIONS</TITLE>
+<DATELINE>    LEXINGTON, Mass., April 8 - </DATELINE><BODY>Raytheon said a 10 pct rise in
+its first quarter net to 101.8 mln dlrs reflected improved
+operations and a lower effective tax rate.
+    The company said revenue gains in electronics, major
+appliances and other lines were offset by decreases in energy
+services and aircraft products. Revenues in the quarter rose
+1.4 pct to 1.75 billion dlrs, it said.
+    The company said backlog stood at 7.520 billion dlrs, down
+from 7.912 billion dlrs a year earlier. It said a five year
+3.55 billion dlr U.S. defense contract was awarded shortly
+after the close of the first quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4077" NEWID="15094">
+<DATE> 8-APR-1987 11:41:46.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1501&#31;reute
+u f BC-GENERAL-INSTRUMENT-CO   04-08 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL INSTRUMENT CORP &lt;GRL> 4TH QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Ended Feb 28
+    Shr loss 2.80 dlrs vs profit 17 cts
+    Net loss 90.5 mln vs profit 5,271,000
+    Revs 240.9 mln vs 159.4 mln
+    Year
+    Shr loss 2.49 dlrs vs loss 2.07 dlrs
+    Net loss 80.4 mln vs loss 66.5 mln
+    Revs 787.9 mln vs 612.4 mln
+    NOTE: Includes loss of 89.6 mln dlrs vs loss 14.5 mln dlrs
+in year and loss of 91.6 mln dlrs in current qtr from
+discontinued operations.
+    1986 qtr includes pretax gain of five mln dlrs from
+settlement of litigation and tax gain of 5.1 mln dlrs from
+change in estimated effective tax rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4445" NEWID="15095">
+<DATE> 8-APR-1987 11:42:22.39</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>cameroon</D><D>brazil</D><D>ivory-coast</D><D>ghana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1504&#31;reute
+u f BC-COCOA-EXPORTERS-EXPEC   04-08 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA EXPORTERS EXPECTED TO LIMIT SALES</TITLE>
+<AUTHOR>    By Roger May, Reuters</AUTHOR>
+<DATELINE>    YAOUNDE, April 8 - </DATELINE><BODY>Major cocoa exporters are likely to
+limit sales in the weeks ahead in an effort to boost world
+prices, sources close to a meeting of the Cocoa Producers
+Alliance (CPA) said.
+    The sources said the depressed world market had been one of
+the main topics discussed in a closed door meeting of the
+11-member CPA which began on Monday.
+    They said producers agreed that cutting sales would aid the
+buffer stock manager of a new international cocoa pact in his
+effort to support prices.
+    Major cocoa producing and consuming nations agreed
+operation rules for the buffer stock at a meeting in London
+last month and the stock manager is expected to enter the
+market soon.
+    Prices, under the weight of three successive cocoa
+surpluses, recently fell to the level at which the manager has
+to buy cocoa under stock rules.
+    The buffer stock aims to keep prices within a pre-set range
+by buying when prices fall and selling when they rise.
+    "The world's cocoa price at present is just not interesting,"
+commented one delegate representing a major CPA producer.
+    Another source said that with much of the 1986/87
+(October-September) world cocoa crop sold, limiting sales in
+the near term concerns essentially next year's harvest.
+    The sources noted, however, that the cocoa industry in
+Brazil, the world's number two producer, is in private hands.
+This means limiting sales is more difficult than in major West
+African producers, where sales are made or authorized by
+commodity marketing boards.
+    The CPA includes the world's top three producers, Ivory
+Coast, Brazil and Ghana, and accounts for 80 pct of all output.
+    The meeting here is due to end tomorrow evening.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4079" NEWID="15096">
+<DATE> 8-APR-1987 11:43:43.39</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1510&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   04-08 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA OVERNIGHT REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange overnight System
+repurchase agreements, a Fed spokesman said.
+    Dealers said that Federal funds were trading at 6-3/8 pct
+when the Fed began its temporary and direct supply of reserves
+to the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4446" NEWID="15097">
+<DATE> 8-APR-1987 11:45:03.17</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>honduras</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1520&#31;reute
+u f BC-HONDURAS-SEEKING-PL-4   04-08 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONDURAS SEEKING PL-480 BULK WHEAT APRIL 13</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Honduras will tender April 13 under
+Public Law 480 for approximately 52,500 tonnes of various
+wheats in bulk, an agent for the country said.
+    The agent said Honduras is seeking U.S. no. 2 or better
+northern spring/DNS, with 14 pct protein minimum and 13 pct
+moisture maximum, and U.S. no. 2 or better hard red winter,
+with 12 pct protein minimum and 13 pct moisture maximum.
+    The agent said NS/DNS laydays include July 1-10 for
+7,500-9,500 tonnes, Aug 1-10 for 8,000-10,000 tonnes, and Sept
+15-25 for 12,500-14,500 tonnes.
+    HRW laydays include June 20-30 on 5,000-7,000 tonnes, July
+15-25 for 6,500-8,500 tonnes, and September 15-25 for
+7,000-9,000 tonnes.
+    Offers are due by 1550 hrs EDT, April 13, and will remain
+valid until 1000 hrs EDT, April 14, the agent said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4081" NEWID="15098">
+<DATE> 8-APR-1987 11:45:58.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1528&#31;reute
+d f BC-PAN-AM-&lt;PN>-BEGINS-HI   04-08 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN AM &lt;PN> BEGINS HIRING PILOTS</TITLE>
+<DATELINE>    NEW YORK, APril 8 - </DATELINE><BODY>Pan Am Corp's Pan Am World Airways said
+it began hiring pilots and flight engineers for the first time
+in 19 years.
+    The need for about 130 to 150 new pilots has been created
+by the Pan AM shuttle, it said.
+    Processing of applicants began March 30 and the first class
+of new-hire pilots will begin training on APril 15.
+    Pan Am said it also completed the recall of more than 250
+pilots. Most of the new hires will begin as flight engineers,
+but as many as 50 will move directly into the first officer
+position, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4082" NEWID="15099">
+<DATE> 8-APR-1987 11:47:10.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1532&#31;reute
+d f BC-THERMWOOD-&lt;THM>-EXTEN   04-08 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERMWOOD &lt;THM> EXTENDS DATE ON WARRANTS</TITLE>
+<DATELINE>    DALE, IND., April 8 - </DATELINE><BODY>Thermwood Corp said it is extending
+the expiration date of its 620,000 common stock warrants
+through Dec 31, 1987.
+    It said the warrants to purchase one share of common stock,
+which have an exercise price of 3.00 dlrs, were to expire April
+11.
+    The company noted that its stock price has more than
+doubled since late last year and "is now much closer to the
+exercise price of the warrants."
+    Thermwood is trading at 1-7/8, off 1/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4447" NEWID="15100">
+<DATE> 8-APR-1987 11:48:03.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1535&#31;reute
+r f BC-AMERIBANC-&lt;ABNK>-SELL   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERIBANC &lt;ABNK> SELLS CONVERTIBLE CAPITAL NOTES</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Ameribanc Inc is raising 15 mln dlrs
+through an offering of convertible subordinated capital notes
+due 1995 with an eight pct coupon and par pricing, said lead
+manager Stifel, Nicolaus and Co Inc.
+    The debentures are convertible into the company's common
+stock at 18.75 dlrs per share, representing a premium of 27.1
+pct over the stock price when terms on the debt were set.
+    The issue is non-callable for two years. It was not rated
+by Moody's Investors or Standard and Poor's at the time of the
+pricing, Stifel said. Burns, Pauli and Co Inc co-managed the
+deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4084" NEWID="15101">
+<DATE> 8-APR-1987 11:48:10.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1536&#31;reute
+h f BC-HIGHLAND-SUPERSTORES   04-08 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGHLAND SUPERSTORES &lt;HIGH> MARCH SALES GAIN</TITLE>
+<DATELINE>    TAYLOR, MICH., April 8 - </DATELINE><BODY>Highland Superstores Inc said its
+March sales rose to 50.6 mln dlrs from 47.4 mln dlrs a year
+ago.
+    On a comparable store basis, it said the sales decreased
+nine pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4085" NEWID="15102">
+<DATE> 8-APR-1987 11:49:10.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1537&#31;reute
+r f BC-INVESTMENT-TECHNOLOGI   04-08 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT TECHNOLOGIES &lt;IVES> IN REBATE PACT</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Investment Technologies Inc said it
+will make available its online investment advisory service to
+&lt;Spear Securities Inc> customers.
+    Investment Technologies said that through a Spear rebate
+program, purchasers of the investment advisory service, VESTOR,
+can receive a cash rebate of up to the full subscription price
+of the investment advisory service from Spear Securities.
+    Spear's brokerage commission rebate program will allow
+money managers or individual investors who purchase VESTOR from
+Investment Technologies, or from other authorized distributors,
+to recive a rebate of the brokerage commissions, the company
+said.
+    Each month Spear will send participating customers a check
+equal up to 25 pct of monthly commissions generated by the
+client account, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4086" NEWID="15103">
+<DATE> 8-APR-1987 11:49:48.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f1539&#31;reute
+r f BC-J.P.-MORGAN-&lt;JPM>-NET   04-08 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.P. MORGAN &lt;JPM> NET HURT BY BRAZIL, TRADING</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>J.P. Morgan and Co Inc said its
+first-quarter earnings fell by 3.2 pct, largely reflecting its
+previously announced decision to place on non-accrual status
+its 1.3 billion dlrs of medium- and long-term loans to Brazil.
+    That decision, spurred by Brazil's suspension of interest
+payments on February 20, reduced the quarter's net income by 20
+mln dlrs to 226.4 mln dlrs, compared with 233.9 mln in the
+first three months of 1986.
+    Morgan also reported a loss of 1.8 mln dlrs from securities
+underwriting and trading, in contrast to a gain of 45.4 mln
+dlrs in the year-earlier period.
+    In the fourth quarter of 1986, Morgan posted other trading
+losses of 5.5 mln dlrs because of setbacks in the trading and
+underwriting of Euromarket securities.
+    Conditions in some sectors of the Euromarket remained
+difficult last quarter, with floating rate notes suffering
+heavy price falls, but a spokeswoman was unable to say whether
+Morgan's trading losses were restricted to the Euromarket.
+    On the positive side, Morgan reduced its provision for loan
+losses to 35 mln dlrs from 70 mln a year earlier. Foreign
+exchange trading income rose to 82 mln dlrs from 72.6 mln and
+trust income increased to 95.9 mln dlrs from 75.9 mln.
+    Morgan said other operating income, mainly fees and
+commissions, rose to 102.2 mln dlrs from 88.4 mln, but net
+investment securities gains dropped to 43.1 mln from 58.1 mln.
+    Net interest earnings were 490.4 mln dlrs in the first
+quarter, down from 499.4 mln a year earlier, and net yield fell
+to 2.79 pct from 3.20 pct.
+    If Brazil had not been placed on non-accrual, which means
+that interest can be recorded as income only when payments are
+actually received, net interest earnings would have been 525.9
+mln dlrs and net yield 2.99 pct. If Brazil does not resume
+payments, 1987 net would be cut by 72 mln dlrs, Morgan added.
+    After the provision for loan losses, Morgan's allowance for
+credit losses at the end of March totaled 953 mln dlrs compared
+with 910 mln at end-1986 and 815 mln a year earlier.
+    It reported net recoveries of six mln dlrs after
+charge-offs of eight mln, compared with net charge-offs of 49
+mln dlrs after recoveries of three mln a year earlier.
+    Excluding Brazil, non-accruing loans at quarter's end were
+583 mln dlrs, down from 633 mln at end-1986 and 684 mln a year
+earlier. Non-interest expenses rose to 371.1 mln dlrs from
+303.5 mln dlrs, with more than half the increase related to
+personnel costs, Morgan said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4087" NEWID="15104">
+<DATE> 8-APR-1987 11:50:14.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1542&#31;reute
+r f BC-ATLAS-CONSOLIDATED-MI   04-08 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLAS CONSOLIDATED MINING &lt;ACMB> 4TH QTR</TITLE>
+<DATELINE>    MANILA, Philippines, April 8 -
+    </DATELINE><BODY>Shr loss 17.3 cts vs 21.5 cts
+    Net loss 14.5 mln vs loss 18.0 mln
+    Revs 27.3 mln vs 23.7 mln
+    Year
+    Shr loss 58 cts vs loss 1.01 dlrs
+    Net loss 48.3 mln vs loss 84.2 mln
+    Revs 111.7 mln vs 141.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4088" NEWID="15105">
+<DATE> 8-APR-1987 11:50:30.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1543&#31;reute
+r f BC-AVNET-&lt;AVT>-FILES-CON   04-08 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVNET &lt;AVT> FILES CONVERTIBLE DEBT OFFERING</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Avnet Inc said it filed with the
+Securities and Exchange Commission a registration statement
+covering a 150 mln dlr issue of convertible subordinated
+debentures due 2012.
+    Proceeds will be used for general working capital and the
+anticipated domestic and foreign expansion of Avnet's
+businesses, the company said.
+    Avnet named Dillon, Read and Co Inc as manager of the
+offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4089" NEWID="15106">
+<DATE> 8-APR-1987 11:51:17.60</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1545&#31;reute
+b f BC-BRAZIL-GRAIN-HARVEST   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL GRAIN HARVEST FACES STORAGE PROBLEMS</TITLE>
+<DATELINE>    SAO PAULO, April 8 - </DATELINE><BODY>Storage problems with Brazil's record
+grain crop are likely to result in losses of about five mln
+tonnes, an Agriculture Ministry spokesman said.
+    Ministry spokesman Leonardo Brito, speaking from Brasilia,
+told Reuters he believed that about five mln tonnes of this
+year's estimated crop of 65 mln tonnes would be lost.
+    He said part of this would be the normal loss inevitable in
+harvesting, but that most of it would stem from storage
+problems.
+    Brazil has a storage capacity of 66 mln tonnes,
+theoretically sufficient for the crop.
+    But Brito said that the storage capacity was badly
+distributed. The states of Sao Paulo, Parana and Rio Grande do
+Sul had between them 70 pct of the nation's capacity, but were
+responsible for only 50 to 60 pct of production.
+    The biggest problems are concentrated in the Centre-West
+growing regions, where rising production has outpaced storage
+capacity.
+    Brito said the Centre-West, whose crops include soya and
+maize, had between 30 and 40 pct of the nation's grains
+production but only 20 pct of its storage space.
+    In addition to the poor distribution of storage units,
+there is the problem that too much of the capacity is geared to
+storing grain in sacks, while not enough is suitable for
+storing loose grain, Brito said.
+    Finally, there is a shortage of lorries to transport the
+crops.
+    The sheer scale of the task in transporting the record crop
+has been evident from television reports, which have shown
+enormous queues of lorries waiting outside granaries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4451" NEWID="15107">
+<DATE> 8-APR-1987 11:52:21.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1547&#31;reute
+u f BC-FLEET-&lt;FLT>-SHAREHOLD   04-08 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLEET &lt;FLT> SHAREHOLDERS APPROVE SHARE INCREASE</TITLE>
+<DATELINE>    PROVIDENCE, R.I., April 8 - </DATELINE><BODY>Fleet Financial Group said its
+shareholders approved an increase in shares of the company's
+authorized common stock to 100,000,000 shares from 75,000,000
+shares currently.
+    The company said shareholders approved the move at the
+annual meeting in Providence today when the company reported
+that its first quarter earnings rose to 38.5 mln dlrs, or 73
+cts a share, from 31.7 mln dlrs, or 60 cts a share, in the
+first quarter 1986.
+    J. Terence Murray, chairman and president of Fleet
+Financial, said, "Fleet's mortgage banking activities in
+particular continued to produce signficant income increases (in
+the first quarter)."
+    Murray said Fleet's mortgage servicing portfolio reached
+22.1 billion dlrs by March 31, including 1.8 billion dlrs
+purchased in March.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4091" NEWID="15108">
+<DATE> 8-APR-1987 11:54:03.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1552&#31;reute
+r f BC-GM-&lt;GM>-UNIT-OFFERS-5   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> UNIT OFFERS 500 MLN DLRS OF NOTES</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>General Motors Acceptance Corp, a unit
+of General Motors Corp, is raising 500 mln dlrs via offerings 
+of 300 mln dlrs of notes due 1990 and 200 mln dlrs of notes due
+1994, said lead manager Merrill Lynch Captial Markets.
+    The three-year notes have a 7-1/4 pct coupon and were
+priced at 99.682 to yield 7.37 pct, or 52 basis points over
+comparable Treasury securities.
+    The seven-year notes were priced at 99.473 with an eight
+pct coupon to yield 8.10 pct, or 71 points over Treasuries.
+    Both issues are non-callable for life and are rated AA-1 by
+Moody's Investors and AA by Standard and Poor's.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4092" NEWID="15109">
+<DATE> 8-APR-1987 11:55:09.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1555&#31;reute
+d f BC-ROWE-FURNITURE-CORP-&lt;   04-08 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROWE FURNITURE CORP &lt;ROWE> 1ST QTR FEB 28</TITLE>
+<DATELINE>    SALEM, Va, April 8 -
+    </DATELINE><BODY>Shr 42 cts vs 35 cts
+    Net 854,000 vs 839,000
+    Revs 23.2 mln vs 21.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4093" NEWID="15110">
+<DATE> 8-APR-1987 11:55:55.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1557&#31;reute
+d f BC-REUTERS-CHAIRMAN-URGE   04-08 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS CHAIRMAN URGES FREER INFORMATION FLOWS</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Exchanges and telecommunications
+authorities should abolish their restrictions on full and free
+dissemination of information to the investment and banking
+communities, Reuters Holdings Plc &lt;RTRS.L> chairman Sir
+Christopher Hogg said.
+    In the 1986 annual repoprt, he said lengthy negotiations
+had brought agreement with the Tokyo and London Stock Exchanges
+for fuller, but still not complete, access to market data
+through Reuter services.
+    "Many other markets maintain restrictions," he added.
+    Hogg said members of some markets appear to believe that
+information restrictions protected their interests.
+    In other cases, exchanges seem to be limiting the
+distribution of data in order to provide competitive advantage
+to their own commercial information businesses.
+    He also noted that despite increasing liberalisation in the
+telecommunications field, some countries continue to protect
+their state monopolies at the expense of other economic
+sectors.
+    "Reuter dealing services remain excluded from such
+countries. As a result, banking communities serving entire
+economies are put at a competitive disadvantage," he added.
+    Reuters increased its 1986 pre-tax profit by 39 pct from
+the previous year to 130.1 mln stg on a 43 pct rise in revenues
+to 620.9 mln stg.
+    Earnings per ordinary share were up 47 pct to 19.4p. The
+annual shareholder meeting will be held in London on April 29.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4094" NEWID="15111">
+<DATE> 8-APR-1987 11:56:47.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1560&#31;reute
+r f BC-CCL-INDUSTRIES-PURCHA   04-08 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCL INDUSTRIES PURCHASES STAKE IN MONOBLOC</TITLE>
+<DATELINE>    Toronto, April 8 - </DATELINE><BODY>&lt;CCL Industries Inc> said it purchased a
+majority interest in Monobloc U.S.A. from Envases Metalurgicos
+de Alava of Spain.
+    Terms were not disclosed.
+    CCL also said it agreed to exchange present and future
+technology with Envases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4095" NEWID="15112">
+<DATE> 8-APR-1987 11:57:00.36</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1561&#31;reute
+u f BC-PARIS-GROUP-PUBLISHIN   04-08 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIS GROUP PUBLISHING DAILY FRANC TIN PRICE</TITLE>
+<DATELINE>    PARIS, April 8 - </DATELINE><BODY>The Association of White Metals has
+decided to publish a daily tin price here in French francs per
+100 kilos, the French Federation of Non-Ferrous Metals said.
+    The price, quoted for the first time yesterday, was
+introduced as the lack of tin quotes was causing problems for
+some French companies, a spokesman for the non-ferrous metals
+association said.
+    Today's price was set at 4,776 francs per 100 kilos and
+Tuesday's at 4,790.
+    The International Chamber of Commerce stopped publishing a
+tin price after the London Metal Exchange (LME) stopped tin
+trading on October 24, 1985.
+    The Association has tested the basis it uses to calculate a
+French franc price over the last few months to ensure it was
+reliable, the spokesman said.
+    The French franc price is pre-tax, for specified quality, a
+minimum 99.9 pct purity, at a French port or border railway
+station and a minimum delivery of 10 tonnes.
+    The French Federation of Non-Ferrous Metals groups various
+metal associations including the Association of White Metals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4096" NEWID="15113">
+<DATE> 8-APR-1987 11:58:13.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1566&#31;reute
+r f BC-AVX-&lt;AVX>-FILES-TO-OF   04-08 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVX &lt;AVX> FILES TO OFFER CONVERTIBLE DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>AVX Corp said it filed with the
+Securities and Exchange Commission a registration statement
+covering a 75 mln dlr issue of convertible subordinated
+debentures.
+    The company named Shearson Lehman Brothers Inc as manager
+of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4455" NEWID="15114">
+<DATE> 8-APR-1987 11:58:25.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1567&#31;reute
+r f AM-SHAD   04-08 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAD WANTS INSIDER TRADING DEFINITION</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Securities and Exchange Commission
+John Shad said he wanted Congress to write a better definition
+of insider trading but thought action should wait until the
+Supreme Court ruled on an insider trading case.
+    "I'd like the benefit of the Winans decision before
+deciding on a definition," Shad told a Senate Appropriations
+subcommittee hearing.
+    Shad was refering to the appeal by former Wall Street
+Journal reporter R. Foster Winans of his conviction on insider
+trading charges for telling a friend in advance what stocks he
+was going to write about in his column.
+    The stocks usually went up or down in price depending on
+Winans' recommendation.
+    He said insider trading accounted for only 11 percent of
+the SEC's enforcement activities last year despite the
+publicity given to recent major cases.
+    "Insider trading makes up only a tiny fraction of one pct
+of the 50 billion dlrs of daily securities trading," Shad said.
+    Shad asked for a budget increase so the SEC could enlarge 
+its enforcement staff by 20 this year and 73 next year to deal
+with all types of securities fraud.
+    Shad said he hoped to start his new duties as U.S.
+Ambassador to the Netherlands by June. He said he did not know
+when his successor would be named by President Reagan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4098" NEWID="15115">
+<DATE> 8-APR-1987 12:00:17.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1573&#31;reute
+r f BC-FORMER-REPUBLIC-WORKE   04-08 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER REPUBLIC WORKERS GET STOCK PAYOUT</TITLE>
+<DATELINE>    MINNEAPOLIS, April 8 - </DATELINE><BODY>The Brotherhood of Railway and
+Airline Clerks said more than 5,500 former Republic Airlines
+workers will receive an average of 10,000 dlrs each as part of
+a stock payout.
+    It said some members will receive almost 19,000 dlrs in
+payments.
+    The total 56 mln dlr payment comes from an employee stock
+ownership plan negotiated by several unions representing
+Republic employees before the carrier's takeover by &lt;Northwest
+Airlines> in 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4099" NEWID="15116">
+<DATE> 8-APR-1987 12:03:46.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1592&#31;reute
+d f BC-WESTERN-DIGITAL-CORP   04-08 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN DIGITAL CORP &lt;WDC> REDEEMS DEBT</TITLE>
+<DATELINE>    IRVINE, Calif., April 8 - </DATELINE><BODY>Western Digtial Corp said it has
+completed the redemption of its 47 mln dlr, 6-3/4 pct
+convertible subordinated debentures due 2011.
+    The redemption resulted in the issuance of 2,685,142 shares
+of the company's common stock, Western Digital said.    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4100" NEWID="15117">
+<DATE> 8-APR-1987 12:04:10.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1594&#31;reute
+f f BC-*****OMB'S-MILLER-SAY   04-08 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>OMB'S MILLER SAYS REAGAN WILL REJECT TAX INCREASE IN HOUSE 1988 BUDGET
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4101" NEWID="15118">
+<DATE> 8-APR-1987 12:05:02.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1601&#31;reute
+s f BC-RHODES-INC-&lt;RHD>-DECL   04-08 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RHODES INC &lt;RHD> DECLARES DIVIDEND</TITLE>
+<DATELINE>    ATLANTA, Ga., April 8 -
+    </DATELINE><BODY>Qtly div nine cts vs nine cts prior
+    Pay July 15
+    Record June 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4102" NEWID="15119">
+<DATE> 8-APR-1987 12:06:20.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1614&#31;reute
+h f BC-MADEIRA-IN-LETTER-OF   04-08 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MADEIRA IN LETTER OF INTENT TO BE ACQUIRED</TITLE>
+<DATELINE>    SALT LAKE CITY, UTAH, April 8 - </DATELINE><BODY>&lt;Madeira Inc> said it
+signed a letter of intent to be acquired by Tradevest Inc
+through a stock-for-stock exchange.
+    After completion of the transaction, Tradevest would own 90
+pct of the issued outstanding stock of Madeira.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4103" NEWID="15120">
+<DATE> 8-APR-1987 12:07:05.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1618&#31;reute
+u f BC-CELLTRONICS-&lt;CELT>-DE   04-08 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CELLTRONICS &lt;CELT> DECLARES ONE-FOR-10 SPLIT</TITLE>
+<DATELINE>    SAN DIEGO, April 8 - </DATELINE><BODY>Celltronics Inc said its directors
+declared a one-for-10 reverse stock split of its common stock.
+    It said the split will be payable April 17 to shareholders
+of record April 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4456" NEWID="15121">
+<DATE> 8-APR-1987 12:09:10.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1631&#31;reute
+r f BC-MONTEDISON'S-AGRIMONT   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTEDISON'S AGRIMONT UNIT 1986 EARNINGS</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>&lt;Montedison SPA> of Italy said net
+consolidated profit for its Agrimont Group, formed in June
+1986, totalled 1.5 billion lire in 1986.
+    Agrimont SPA, the holding company for Montedison's
+Agro-Industrial businesses, had sales of 810 billion lire and a
+net profit of about 1.1 billion lire, after amortization costs
+of 35 billion lire and a 13 billion lire reduction in the value
+of inventory due to falling market prices, Montedison said.
+    Agrimont, still wholly owned by Montedison, is taking steps
+to be traded on the Milan exchange, the company said.
+    The company said that 1986 was characterized by an unstable
+fertlizer market due to the weak dollar and the decline of
+international prices for products sold in Europe and the U.S
+where Agrimont operates through its Conserv division.
+    In pesticides and in animal health care products Agrimont
+maintained its previous level of revenues and market share in
+1986, Montedison said.
+    Montedison said it named Ettore dell'Isola to the newly
+created position of president of Agrimont.
+    Montedison also said it named Renato Picco, managing
+director of &lt;Eridania SPA> and Gianfranco Ceroni, managing
+director of &lt;Italiana Olii e Sifi>, both of whom are members
+of the the Ferruzzi Group's management board, to Argimont's
+board of directors. Ferruzzi owns about 40 pct of Montedison,
+the company said.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4457" NEWID="15122">
+<DATE> 8-APR-1987 12:10:25.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1637&#31;reute
+u f BC-DATRON-&lt;DATR>-AGREES   04-08 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATRON &lt;DATR> AGREES TO BUYOUT BY OFFICERS</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., April 8 - </DATELINE><BODY>Datron Corp said it agreed to
+merge with GGFH Inc, a Florida-based company formed by the four
+top officers of the company.
+    According to terms of the proposed transaction, each share
+of Datron common stock, excluding those shares owned by the
+four officers, will be bought for six dlrs a share, it said.
+    Datron's officers hold about 73 pct of the total 896,000
+Datron common shares outstanding.
+    Upon completion of the proposed transaction, the officers
+of Datron would own 100 pct of the company. The merger is
+subject to GGHF's receiving financing for the plan, Datron
+said.
+    Shareholders of Datron will be asked to approve the plan at
+their annual meeting to be held in June or July, and the merger
+is expected to be completed by July 31, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4458" NEWID="15123">
+<DATE> 8-APR-1987 12:12:09.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1645&#31;reute
+b f BC-/MILLER-SAYS-REAGAN-W   04-08 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILLER SAYS REAGAN WILL REJECT TAX INCREASE</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Office of Management and Budget
+Director James Miller said President Reagan will reject the tax
+increase called for in the House Budget Committee's 1988 budget
+proposal which is before the House for a vote today.
+    "It's just completely unacceptable," Miller told a House
+Appropriations subcommittee on Treasury, Postal Service and
+General Government Appropriations.
+    The plan, drafted by the Democratic-controlled Budget
+committee, calls for 22 billion dlrs in higher revenues, of
+which 18 billion would be from new taxes set by the tax-writing
+committees.
+    The House committee's budget proposal includes some
+increases in federal user fees as well as 18 billion dlrs in
+taxes.
+    Miller warned that failure to reduce the federal deficit
+would jeopardize the U.S. economy.
+    "If we do not further reduce the deficit... we place this
+economic expansion that we've had in the last five years at
+risk," Miller told the subcommittee.
+    "The result of any kind of tax increase would be to increase
+substantially the prospects that the expansion would come to an
+end," Miller said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4107" NEWID="15124">
+<DATE> 8-APR-1987 12:12:43.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1651&#31;reute
+b f BC-******trump-and-inter   04-08 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRUMP AND INTERSTATE PROPERTIES IN TALKS TO ACQUIRE ALEXANDERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4108" NEWID="15125">
+<DATE> 8-APR-1987 12:13:05.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1654&#31;reute
+d f BC-DUTCH-CHEMICAL-FIRM-D   04-08 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH CHEMICAL FIRM DSM TO BE PRIVATISED</TITLE>
+<DATELINE>    HEERLEN, Netherlands, April 8 - </DATELINE><BODY>Dutch state-owned chemical
+firm NV DSM &lt;DSMN.AS>, the former Dutch state mines, which
+today reported a 2.5 pct increase in 1986 net profit to 412 mln
+guilders, said it was poised to be privatised, possibly next
+year.
+    DSM chairman Hans van Liemt told journalists "We have done
+our homework. We're ready. It is up to the state now."
+    He said a public sale of 30 pct of DSM's assets in 1988 was
+not unlikely, but the timing of the sell-off was entirely in
+the hands of Parliament.
+    Dutch Finance Minister Onno Ruding is known to be a
+proponent of privatisation, and the centre-right government
+coalition mentioned plans to privatise DSM in its policy
+declaration last autumn.
+    Van Liemt would not speculate on a possible market price,
+but said his company had raised its total 1986 dividend to 98
+mln guilders, almost 25 pct of 1986 net profit.
+    "We ought to be able to match our German competitors on
+price earnings ratio, although the Amsterdam bourse generally
+has a lower ratio than the world's major exchanges, " he said.
+    The average Dutch price/earnings ratio is 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4109" NEWID="15126">
+<DATE> 8-APR-1987 12:14:15.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1662&#31;reute
+r f BC-SOUND-WAREHOUSE-INC-&lt;   04-08 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUND WAREHOUSE INC &lt;SWHI> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    DALLAS, April 8 -
+    </DATELINE><BODY>Shr 26 cts vs 52 cts
+    Net 1,386,000 vs 2,773,000
+    Revs 47.7 mln vs 38.5 mln
+    Nine mths
+    Shr 52 cts vs 97 cts
+    Net 2,765,000 vs 5,419,000
+    Revs 116.9 mln vs 97 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4110" NEWID="15127">
+<DATE> 8-APR-1987 12:14:52.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1667&#31;reute
+r f BC-CNA-INCOME-SHARES-&lt;CN   04-08 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CNA INCOME SHARES &lt;CNN> FILES FOR NOTE OFFERING</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>CNA Income Shares Inc said it filed
+with the Securities and Exchange Commission a registration
+statement covering a 30 mln dlr issue of convertible extendible
+notes due 1992.
+    The proceeds will be used for investment purposes, the
+company said.
+    CNA Inc named Drexel Burnham Lambert Inc as sole
+underwriter for the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4111" NEWID="15128">
+<DATE> 8-APR-1987 12:16:01.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1672&#31;reute
+b f BC-TRUMP-AND-INTERSTATE   04-08 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRUMP AND INTERSTATE IN TALKS FOR ALEXANDERS</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Donald Trump and Interstate Properties
+said they were holding preliminary discussions regarding a
+possible joint acquisition of Alexanders Inc at 47 dlrs per
+share.    
+    The possible acquisition is subject to any applicable real
+estate gains and transfer taxes, the joint statement said.
+    Trump and Interstate, which presently own about 40 pct of
+Alexander's common stock, said they intend to keep the company
+as a retailer if they succed in their acquisition.
+    There can be no assurances that the parties will reach any
+agreement regarding an acquisition or what price might be
+offered, the statement said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4112" NEWID="15129">
+<DATE> 8-APR-1987 12:16:15.69</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>canada</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1673&#31;reute
+u f BC-JAPAN-BUYS-4,000-TONN   04-08 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS 4,000 TONNES CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, April 8 - </DATELINE><BODY>Japan bought 4,000 tonnes of Canadian
+rapeseed overnight at an undisclosed price for last half
+May/first half June shipment, trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4113" NEWID="15130">
+<DATE> 8-APR-1987 12:17:10.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1676&#31;reute
+d f BC-TELECRAFTER-CORP-&lt;SWH   04-08 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELECRAFTER CORP &lt;SWHI> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    LAKEWOOD, Colo, April 8 -
+    </DATELINE><BODY>Shr profit 12 cts vs loss 14 cts
+    Net profit 183,000 vs loss 234,000
+    Revs 2.4 mln vs 1.5 mln
+    Six months
+    Shr profit 22 cts vs loss 22 cts
+    Net profit 345,000 vs loss 358,000
+    Revs 5.2 mln vs 2.9 mln
+    NOTE:1987 2nd qtr and six months include gains of 78,000
+dlrs and 154,000 dlrs for tax loss carryforward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4114" NEWID="15131">
+<DATE> 8-APR-1987 12:17:38.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1680&#31;reute
+w f BC-ENTOURAGE-&lt;ENTG>-TO-S   04-08 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTOURAGE &lt;ENTG> TO SELL SOLID PERFUME</TITLE>
+<DATELINE>    HOUSTON, April 8 - </DATELINE><BODY>Entourage International Inc said it
+plans to package solid perfume in a lipstick tube and retail
+the product, called "Amadeus," for 15 dlrs.
+    The company said the product was first test marketed in
+Feburary after six months of research and development.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4115" NEWID="15132">
+<DATE> 8-APR-1987 12:24:13.46</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D><D>tunisia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1700&#31;reute
+u f BC-TUNISIA-EXPECTED-TO-T   04-08 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TUNISIA EXPECTED TO TENDER FOR FRENCH WHEAT</TITLE>
+<DATELINE>    PARIS, April 8 - </DATELINE><BODY>Tunisia is expected to tender April 14 for
+100,000 tonnes of French soft wheat for delivery between May
+and August and which would be covered by the French export
+credit agency, COFACE, export credits, traders said here.
+    No official tender has been announced yet by Tunisia, they
+said.
+    France has sold a total of 200,000 tonnes of soft wheat to
+Tunisia since the begining of the current campaign which was
+covered by COFACE export credits. Of this amount, a total of
+150,000 tonnes was exported by March 1, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4116" NEWID="15133">
+<DATE> 8-APR-1987 12:25:20.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1706&#31;reute
+r f BC-GREAT-LAKES-CHEMICAL   04-08 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT LAKES CHEMICAL &lt;GLK> FILES OFFERING</TITLE>
+<DATELINE>    WEST LAFAYETTE, IND., April 8 - </DATELINE><BODY>Great Lakes Chemical Corp
+said it registered with the Securities and Exchange Commission
+a proposed public offering of two mln shares of its common
+stock.
+    Proceeds from the offering will be used to repay debt
+incurred in the acquisition of two chemical companies, to
+increase Great Lakes equity investment in Huntsman Chemical
+Corp and for general corporate purposes, it said.
+    Underwriters are led by First Boston Corp, Goldman, Sachs
+and Co and Eberstadt Fleming Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4117" NEWID="15134">
+<DATE> 8-APR-1987 12:26:11.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1709&#31;reute
+d f BC-NORTHERN-TELECOM-&lt;NT>   04-08 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN TELECOM &lt;NT> SENDS SHIPMENT TO NIPPON</TITLE>
+<DATELINE>    RESEARCH TRIANGLE PARK, N.C., April 8 - </DATELINE><BODY>Northern Telecom
+said it shipped the first digital central office switching
+system it sold to Nippon Telegraph and Telephone under the
+terms of a 250 mln dlrs supply agreement.
+    The agreement began with the signing of a letter of
+understanding in December 1985. THe formal seven-year agreement
+was signed in May 1986.
+    The Northern Telecom systems is the first U.S.-manufactured
+digital central office switching systems to be installed in the
+Japanese public telephone network, it said.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4118" NEWID="15135">
+<DATE> 8-APR-1987 12:28:11.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1720&#31;reute
+u f BC-GERMAN-INVESTMENTS-AB   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN INVESTMENTS ABROAD FALL IN 1986</TITLE>
+<DATELINE>    BONN, April 8 - </DATELINE><BODY>West Germany's total net direct investments
+abroad fell to 11.2 billion marks in 1986 from 13.6 billion in
+1985, but investments in developing countries rose to 683 mln
+marks from 358 mln, the Economics Ministry said.
+    Foreign investments in West Germany were a net 5.8 billion
+marks in 1986, up from 3.6 billion in 1985, with higher
+European investments largely responsible for this increase.
+    The ministry noted that, despite last year's rise in West
+German investments in developing countries, the 1986 level was
+below the investments of over two billion marks seen in 1981,
+1982 and 1983.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4119" NEWID="15136">
+<DATE> 8-APR-1987 12:28:31.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1721&#31;reute
+b f BC-COLT-INDUSTRIES-INC-&lt;   04-08 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLT INDUSTRIES INC &lt;COT> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 8 -
+    </DATELINE><BODY>Shr 28 cts vs 16 cts
+    Net 9,387,000 vs 25,617,000
+    Revs 410.1 mln vs 393.5 mln
+    Avg shrs 35.4 mln vs 164.7 mln
+    NOTE: 1987 net reflects interest expense on debt incurred
+to finance recapitalization in Oct. 1986. Prior year earnings
+restated to reflect recapitalization plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4120" NEWID="15137">
+<DATE> 8-APR-1987 12:30:09.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1726&#31;reute
+u f BC-U.S.-SENATE-BUDGET-CO   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE BUDGET COMMITTEE APPROVES BUDGET</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The Senate Budget Committee ended its
+stalemate over a budget plan and approved by a single vote a
+revised 1988 budget proposed by chairman Lawton Chiles to cut
+the deficit to 133.7 billion next year.
+    The new plan broke last week's gridlock in which the
+committee failed to approve a similar Chiles plan on a tie
+vote. Today, the measure was sent to the Senate 13 to 11.
+    Among a series of changes to get the extra vote, Chiles
+added about 400 million dlrs for additional, unspecified,
+agricultural spending programs to be paid with partly with
+higher user fees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4121" NEWID="15138">
+<DATE> 8-APR-1987 12:32:54.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1738&#31;reute
+r f BC-YANKEE-&lt;YNK>-UNIT-NOT   04-08 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YANKEE &lt;YNK> UNIT NOT TO SELL SUBSIDIARY</TITLE>
+<DATELINE>    COHASSET, Mass., April 8 - </DATELINE><BODY>Yankee Cos Inc said its Eskey
+Inc &lt;ESK> subsidiary has decided not to sell its Yale E. Key
+unit.
+    Further details were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4460" NEWID="15139">
+<DATE> 8-APR-1987 12:35:35.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1751&#31;reute
+u f BC-CME-ADDS-COMPLIANCE-C   04-08 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME ADDS COMPLIANCE CHIEF, EXPANDS SURVEILLANCE</TITLE>
+<DATELINE>    CHICAGO, April 8 - </DATELINE><BODY>The Chicago Mercantile Exchange, CME,
+said it has added a new chief compliance officer and will
+expand its regulatory surveillance program.
+    Paul O'Kelly, currently assistant regional administrator of
+the Securities and Exchange Commission, was named
+vice-president of compliance for the exchange, the CME said.
+    The expanded compliance program, which calls for an
+increase in the exchange's compliance budget and addition of
+staff, was in response to recent criticisms that the CME's
+current surveillance was not able to keep up with increased
+demands of recent volatility and volume, the CME said.
+    The new surveillance program calls for the addition of
+three floor investigators and five compliance investigators,
+the CME said.
+    Some of the new staff will monitor the exchange's new
+Computerized Trade Reconstruction system, scheduled to start
+July 1.
+    In addition, three computer programmers will be added to
+assist in regulatory support for the exchange's management
+information system department.
+    Recent criticism has been especially directed at the CME's
+Standard and Poor's stock index futures and options division.
+    A special membership referendum to prohibit CME members
+from filling customer orders and trading for their own account
+in S and P 500 futures and options will be voted on April 13.
+    In a letter dated March 12, CME chairman John Sandner and
+Executive committee chairman Leo Melamed urged members to
+reject the referendum in favor a series of new rules.
+    Included in the rule changes was the requirement that
+futures brokers in the S and P pit manually record all personal
+trades to the nearest minute, intended to "enhance the
+effectiveness of surveillance and compliance functions,"
+    "We made a promise to our members that we have kept,"
+Melamed said in a release today.
+    He said the new surveillance program "represents a
+commitment to a vigorous enforcement policy."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4123" NEWID="15140">
+<DATE> 8-APR-1987 12:41:38.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1773&#31;reute
+u f BC-POLAND-REASSURES-CRED   04-08 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLAND REASSURES CREDITORS ON ECONOMIC REFORMS</TITLE>
+<DATELINE>    STOCKHOLM, April 8 - </DATELINE><BODY>Plans to rejuvenate Poland's economy
+by reducing central government control would help reassure
+Western creditors that the country's economy was safe to invest
+in, a senior Polish official said.
+    "The business of granting loans to Poland is not as bad a
+business as you might imagine," senior Polish government
+spokesman Jerzy Urban told a news conference in Stockholm.
+    Urban, visiting the Swedish capital to deliver a lecture at
+the Foreign Policy Institute, announced earlier this week that
+Poland would soon offer shares to private citizens in state
+companies in a bid to make the economy more responsive.
+    This was part of a major economic reform to be announced in
+the coming weeks, he said.
+    Urban said the main problem with his country's foreign debt
+burden of 32 billion dollars was short term interest charges
+but  the long term looked more secure.
+    He said he hoped talks under way with the Paris Club,
+grouping Poland's main government creditors, would shortly
+solve the problem of short term servicing.
+    Urban told reporters that debt servicing was hampering the
+expansion of the national economy, but that the new plans for
+economic reform would "open new vistas for Polish exports."
+    He criticised the blocking efforts of some Western
+governments, whom he declined to name, for putting political
+considerations ahead of economic co-operation.
+    "After the lifting of U.S. Sanctions against the Polish
+economy we considered all political obstacles had been removed,
+but that has not been the case," Urban said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4124" NEWID="15141">
+<DATE> 8-APR-1987 12:43:03.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1782&#31;reute
+r f BC-MAYFAIR-SUPER-MARKETS   04-08 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAYFAIR SUPER MARKETS INC &lt;MYFRA> 2ND QTR FEB 28</TITLE>
+<DATELINE>    LAKEWOOD, Colo, April 8 -
+    </DATELINE><BODY>Shr 59 cts vs 46 cts
+    Net 2.4 mln vs 1.9 mln
+    Revs 122.5 mln vs 105.9 mln
+    Six months
+    Shr 1.13 dlrs vs 84 cts
+    Net 4.5 mln vs 3.4 mln
+    Revs 242.5 mln vs 210.1 mln
+    NOTE: 1986 share adjusted for 2-for-1 stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4462" NEWID="15142">
+<DATE> 8-APR-1987 12:56:27.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1809&#31;reute
+u f BC-IRAN-SAYS-OFFENSIVE-A   04-08 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAYS OFFENSIVE AIMED AT DESTROYING IRAQ ARMY</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Iran decided to continue its operations
+east of Basra to destroy Iraq's forces, Iranian Prime Minister
+Mir-Hossein Mousavi told Tehran Radio.
+    "That seems to be the best spot for the complete destruction
+of (Iraqi President) Saddam's forces. This is why it was
+decided that the operations would forcefully continue there," he
+said.
+    "At the same time, we have maintained our ability to act
+throughout the length of the fronts," Mousavi told the radio,
+monitored by the British Broadcasting Corporation.
+    Tehran Radio reported over 1,500 Iraqi casualties today as
+Iran continued its Karbala-8 operation launched early
+yesterday.
+    Iran said over 2,600 Iraqis had been killed or wounded
+yesterday. Iraq said today its forces had beaten back the
+latest attacks inflicting heavy casualties.
+    Mousavi told Tehran radio that "on the whole, our advances
+have broken the back of the military forces of Saddam."
+    Earlier today the Iranian news agency IRNA said Tehran's
+forces were stabilising new positions after their assault on
+Iraqi lines defending Basra, Iraq's second city.
+    In Baghdad, a military spokesman said Iraqi warplanes today
+destroyed an oil pumping station and a production unit at
+Iran's Ahvaz field.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4126" NEWID="15143">
+<DATE> 8-APR-1987 13:00:08.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1823&#31;reute
+u f BC-FRANCE-SETS-9.5-BILLI   04-08 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE SETS 9.5 BILLION FRANC T-BILL TENDER</TITLE>
+<DATELINE>    PARIS, April 8 - </DATELINE><BODY>The Bank of France said it will offer 9.5
+billion francs worth of negotiable Treasury bills at its next
+weekly tender on April 13.
+    The total includes four billion francs worth of 13-week
+bills, 2.5 billion francs of two-year bills and three billion
+francs of five-year bills.
+    At this week's tender on Monday the Bank sold a total of
+7.7 billion francs worth of 13 and 26-week bills against an
+original offer of seven billion and demand for 22.66 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4127" NEWID="15144">
+<DATE> 8-APR-1987 13:00:14.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1824&#31;reute
+r f BC-baton-broadcasting   04-08 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BATON BROADCASTING INC> SIX MTHS FEB 28 NET</TITLE>
+<DATELINE>    TORONTO, April 8 -
+    </DATELINE><BODY>Shr 33 cts vs 31 cts
+    Net 9,219,017 vs 8,515,539
+    Revs 112.0 mln vs 95.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4128" NEWID="15145">
+<DATE> 8-APR-1987 13:00:25.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1825&#31;reute
+r f BC-UNITED-CABLE-TELEVISI   04-08 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED CABLE TELEVISION CORP &lt;UCT> 3RD QTR NET</TITLE>
+<DATELINE>    DENVER, April 8 -
+    </DATELINE><BODY>Shr loss 24 cts vs profit seven cts
+    Net loss 5,952,000 vs profit 2,078,000
+    Revs 55.9 mln vs 50.6 mln
+    Avg shrs 25.2 mln vs 24.7 mln
+    Nine mths
+    Shr loss 11 cts vs profit 24 cts
+    Net loss 2,673,000 vs profit 6,800,000
+    Revs 162.6 mln vs 143.9 mln
+    Avg shrs 25.0 mln vs 24.4 mln
+    NOTE: Current year net both periods includes pretax charge
+seven mln dlrs from increase in reserve for investments in
+broadcast television entities and tax credits of 1,002,000 dlrs
+in quarter and 520,000 dlrs in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4129" NEWID="15146">
+<DATE> 8-APR-1987 13:02:34.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1833&#31;reute
+u f BC-CANADA-ALLOWS-PUBLISH   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA ALLOWS PUBLISHING TAKEOVER BY HARCOURT</TITLE>
+<DATELINE>    OTTAWA, April 8 - </DATELINE><BODY>Investment Canada said it has allowed the
+indirect takeover of Holt, Rinehart and Winston Canada Ltd.,
+W.B. Saunders Co of Canada Ltd and Les Editions HRW Ltd by
+Harcourt Brace Jovanovich Canada Inc.
+    The government agency said, however, Harcourt Canada has
+agreed to sell control of the firms to Canadian interests
+within two years.
+    Harcourt Canada's U.S. parent, Harcourt Brace Jovanovich
+Inc &lt;HBJ>, indirectly acquired the Canadian book publishing
+companies when it purchased Holt Rinehart and Winston from CBS
+Inc &lt;CBS> last October.           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4130" NEWID="15147">
+<DATE> 8-APR-1987 13:04:34.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1843&#31;reute
+w f BC-NEW-JERSEY-HOSPITAL-A   04-08 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW JERSEY HOSPITAL ASSOCIATION SYMPOSIUM</TITLE>
+<DATELINE>    PRINCETON, April 8 - </DATELINE><BODY>The New Jersey Hospital Association
+said it will hold a symposium on the quality of hospital care
+on Friday, April 10.
+    Thirty-eight health-care executives from 18 nations will be
+on hand at the symposium.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4131" NEWID="15148">
+<DATE> 8-APR-1987 13:05:49.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1851&#31;reute
+f f BC-******FED-SAYS-IT-BUY   04-08 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS IT BUYS ALL COUPONS FOR REGULAR DELIVERY       
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4463" NEWID="15149">
+<DATE> 8-APR-1987 13:06:52.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1857&#31;reute
+u f BC-TALKING-POINT/BURLING   04-08 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/BURLINGTON INDUSTRIES &lt;BUR></TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    New York, April 8 - </DATELINE><BODY>The largest U.S. textile maker focused
+on its own business as its competitors found merger partners,
+but now Burlington Industries Inc may have restructured itself
+into an attractive takeover candidate, analysts said.
+    The takeover spotlight fell today on Burlington, which rose
+4-7/8 to 52-7/8 on speculation that investor Asher Edelman and
+Dominion Textiles Inc of Canada bought an almost five pct
+stake.
+    A published report said Edelman and Dominion jointly
+acquired a stake in Burlington and were weighing a takeover
+offer. Edelman would not comment, and a spokesman for
+Montreal-based Dominion called the report just "rumors."
+    Burlington said it did not know if the report was true.
+    Wall Street professionals said they were not convinced of
+the story or that Edelman and Dominion would be the victors if
+Burlington actually came into play.
+    Arbitragers said past comments from Dominion, however,
+added credence to the speculation. Dominion has said that it
+was looking for a takeover in the U.S.
+    Last year, Dominion unsuccessfully bid for Avondale Mills
+and has maintained a 120 mln dlr line of credit to be used for
+a U.S. acquisition.
+    A Dominion spokesman said Canada's largest textile producer
+has been negotiating with "many" U.S. textile companies, but
+would not say whether Burlington was among them.
+    "There have been acquisitions in this area. It's not
+unusual that someone could be looking at Burlington after the
+housecleaning they've done," said Eileen Gormley of Thomson
+McKinnon.
+    Burlington sold its domestic operations, which made sheets
+and other linens, to J.P. Stevens and Co Inc for 110 mln dlrs
+last year. It also has reorganized management, and focused its
+operations on businesses that would be less affected by foreign
+competition, Gormley said.
+    "They've pulled back so as not to be a commodity marketer,"
+said Gormley. She said in moving more heavily into industrial
+fabrics, Burlington bought C.H. Masland, which supplies carpets
+and other fabric to the auto industry.
+    "In the past, they just spent and never realized the return
+on the outlays they did make," she said.
+    "You look at their record over the year, and I think
+they're poised to be more profitable than they had been in the
+past," Gormley said.
+     She estimated 1987 earnings of 2.50 dlrs per share, up
+from 2.01 dlrs per share.
+    Some analysts today recommended clients not buy Burlington
+at its current levels.
+    Edward Johnson of Johnson Redbook said he recommends
+selling. He said he believes the stock is worth only about 50
+dlrs on a takeover basis and about 46 dlrs on an earnings
+basis.
+    Some arbitragers, however, said takeover values have been
+placed on the company of 60 to 65 dlrs per share.
+    "After Asher's (Edelman) recent history, a lot of people
+don't find him very credible anymore," said one arbitrager.
+    Another, however, said Edelman succeeds in forcing
+managements to take steps to enhance shareholder values even if
+he doesn't win the target company.
+    Edelman was unsuccessful last year in offers for Lucky
+Stores Inc and Fruehauf Corp. He did succeed in buying
+Ponderosa Inc.
+    The stocks of other textile makers rose along with
+Burlington.
+    J.P. Stevens &lt;STN> climbed 5/8 to 44-7/8, and Fieldcrest
+Cannon Inc &lt;FLD>, the result of a merger of Fieldcrest and
+Cannon, rose 1-1/8 to 39-3/4. West Point-Pepperell Inc &lt;WPM>
+rose 1-7/8 to 67-1/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4133" NEWID="15150">
+<DATE> 8-APR-1987 13:07:10.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1859&#31;reute
+b f BC-******LUNITED-AIRLIN   04-08 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNITED AIRLINES MARCH LOAD FACTOR RISES TO 70.6 PCT FROM 66.2 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4465" NEWID="15151">
+<DATE> 8-APR-1987 13:08:13.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1868&#31;reute
+r f BC-AMPLICON-INITIAL-OFFE   04-08 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMPLICON INITIAL OFFERING AT 12.25 DLRS A SHARE</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Kidder, Peabody and Co and E.F. Hutton
+Co Inc, acting as co-managers in the underwriting group, said
+&lt;Amplicon Inc's> initial public offering of 1,650,000 shares of
+its common stock was being offered at 12.25 dlrs per share.
+    Of the shares being offered, 1,400,000 are being sold by
+the company and 250,000 shares are being sold by selling
+stockholders, Kidder Peabody said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4466" NEWID="15152">
+<DATE> 8-APR-1987 13:08:17.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1869&#31;reute
+r f BC-sterivet-lab-1st-qtr   04-08 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERIVET LABORATORIES LTD &lt;STVTF> 1ST QTR NET</TITLE>
+<DATELINE>    TORONTO, April 8 -
+    </DATELINE><BODY>Shr profit 10 cts vs loss 17 cts
+    Net profit 206,000 vs loss 281,000
+    Revs 1,022,00 vs 344,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4136" NEWID="15153">
+<DATE> 8-APR-1987 13:08:21.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1870&#31;reute
+r f BC-sterivet-lab-year   04-08 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERIVET LABORATORIES LTD &lt;STVTF> YEAR LOSS</TITLE>
+<DATELINE>    TORONTO, April 8 -
+    </DATELINE><BODY>Shr loss 48 cts vs loss 19 cts
+    Net loss 746,000 vs loss 342,000
+    Revs 3,213,000 vs 2,925,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4137" NEWID="15154">
+<DATE> 8-APR-1987 13:08:33.80</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1871&#31;reute
+d f AM-TRADE-AMERICAN   04-08 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN IN LAST-DITCH EFFORT TO AVERT TARIFFS</TITLE>
+<AUTHOR>    By Robert Trautman, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Senior Japanese officials tomorrow
+open talks with American trade negotiators in a last-ditch
+effort to avert new high U.S. tariffs to be imposed on a wide
+variety of Japanese electronic exports.
+    Makoto Kuroda, vice minister of Japan's Ministry of
+International Trade and Industry (MITI), is to hold two days of
+meetings with the Deputy U.S. Trade Representative, Michael
+Smith, and the Under Secretary of Commerce, Bruce Smart.
+    The new tariffs, to go into effect on April 17, are in
+retaliation for Japan's failure to adhere to an agreement to
+end dumping semiconductors in world markets at below cost and
+to open its home market to U.S. semiconductor shipments.
+    They are to be imposed on goods which use semiconductors,
+including television and audio equipment and computers.
+    Both U.S. and Japanese officials have said there was little
+likelihood the talks would do anything to avert the 100 pct
+duties on 300 mln dlrs worth of Japanese shipments.
+    President Reagan announced the planned tariffs on March 27
+after he said that close monitoring of the July 1986
+U.S.-Japanese semiconductor pact convinced U.S. officials that
+Japan was not honoring the agreement.
+    In making the annoucement, Reagan said "I am committed to
+the full enforcement of our trade agreements designed to
+provide American industry with free and fair trade."
+    Trade analysts said his move was aimed as much at Japan's
+semiconductor trade practices, which are said to have injured
+the U.S. semiconductor industry, as Congress, which has
+complained about presidential timidity on trade issues.
+    Congressional Democrats have pledged to enact aggressive
+trade laws to counter what they contend has been Reagan's
+inaction to redress the growing U.S. trade deficit, which last
+year reached 169.8 billion dlrs.
+    About one-third of the deficit was with Japan.
+    Reagan said there were recent signs Japan was beginning to
+adhere to the pact and that was why he was not terminating it.
+    Kuroda said on leaving Tokyo today he had no new proposals
+but did have an explanation of the semiconductor situation.
+    He told the daily newspaper Ashai Shimbun that Reagan's
+decision was based on inaccurate data and an exaggerated sense
+of MITI's power to control Japanese traders.
+    "The United States has excessive expectations.," he said. To
+stabilize supply-demand relations which have been disrupted by
+excess inventories since 1985 will take some time."
+    He also said that U.S. firms had not been aggressive enough
+in trying to sell in the Japanese market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4138" NEWID="15155">
+<DATE> 8-APR-1987 13:08:54.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1874&#31;reute
+r f BC-EMERSON-RADIO-&lt;EME>-S   04-08 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMERSON RADIO &lt;EME> SELLS NOTES PRIVATELY</TITLE>
+<DATELINE>    NORTH BERGEN, N.J., April 8 - </DATELINE><BODY>Emerson Radio Corp said it
+has sold 10 mln dlrs of eight pct senior notes due March 1992
+to a major institutional investor it did not name.
+    The company also said 5,800,000 dlrs of its convertible
+subordinated notes due 1997 have been converted into 728,476
+common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4139" NEWID="15156">
+<DATE> 8-APR-1987 13:09:33.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1878&#31;reute
+u f BC-HOECHST-CELANESE-SEND   04-08 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOECHST CELANESE SENDS REPORT ON NEW FACILITIES</TITLE>
+<DATELINE>    SOMERVILLE, N.J., April 8 - </DATELINE><BODY>&lt;Hoechst Celanese Corp> said it
+sent propsective customers a confidential report describing its
+polyester textile fiber facilities in North Carolina and South
+Carolina.
+    The company did not disclose any prices.
+    The report describes the facilities in Darlington County,
+S.C., and Fayetteville, N.C., the company said. The report also
+decribes related manufacturing, marketing, administrative and
+technical resources that could be made avialable to a buyer.
+    Hoechst Celanese was formed Feb 27 by the merger of
+Celanese Corp and American Hoechst Corp. The merger took place
+after an agreement was reached with the Federal Trade
+Commission that certain domestic polyester textile fiber assets
+of the combined companies would be divested, it said.
+    Hoechst Celanese said it has the option of divesting either
+the South Carolina facilities of the former American Hoechst or
+a package of polyester textile fiber facilities of the former
+Celanese.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4471" NEWID="15157">
+<DATE> 8-APR-1987 13:09:59.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1882&#31;reute
+s f BC-MELLON-PARTICIPATING   04-08 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELLON PARTICIPATING MORTGAGE TRUST &lt;MPMTS> DIV</TITLE>
+<DATELINE>    NEW YORK, April 8 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Payable May 6
+    Record April 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4141" NEWID="15158">
+<DATE> 8-APR-1987 13:10:55.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1885&#31;reute
+u f BC-U.S.-TREASURY-SAYS-NO   04-08 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY SAYS NO PLANS FOR SPECIAL BONDS</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>A Treasury official said there are no
+plans to try to reduce the U.S. budget deficit by issuing
+yen-denominated bonds that would become known as "Reagan bonds."
+    "It simply isn't something that we are planning to do," the
+official said.
+    He added the Treasury was aware of Japanese news reports
+suggesting the Reagan administration might issue such bonds as
+the former Carter administration did when it sold "Carter bonds"
+denominated in West German marks.
+    But he said the situation was greatly different now.
+    "If you look at the differences between the treasury market
+now and in the Carter administration years, it is a much more
+global market now," the official said.
+    "There was not the same ease then for the holder of another
+currency to buy other countries' securities," he added, "But
+there is no difficulty now for them to purchase dollars and buy
+U.S. securities."
+    The United States needs dollars, not Japanese yen, to pay
+its debts and reduce the deficit and so has no plans to issue
+yen-denominated bonds, he emphasized.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4142" NEWID="15159">
+<DATE> 8-APR-1987 13:11:43.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1887&#31;reute
+d f BC-PUBLIC-SERVICE-COLORA   04-08 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLIC SERVICE COLORADO &lt;PSR> IN SETTLEMENT</TITLE>
+<DATELINE>    DENVER, April 8 - </DATELINE><BODY>Public Service Co of Colorado said it has
+reached a preliminary agreement to resolve a territorial
+dispute with Union Rural Electric Association of Brighton,
+Colo.
+    The company said, "The tentative agreement protects Union's
+boundaries and also would set in motion a vote of Union's
+membership, which could lead to acquisition of Union by Public
+Service Co."
+    Union provides electrical service to about 14,000 members
+in cities and rural areas north of Denver.
+    The company said the settlement, which is pending before
+the Colorado Public Utilities Commission, is under review by
+the Tri-State Generation and Transmission Association, which
+supplies power to Union, and is subject to approval by the
+Public Service Colorado board and Union's membership. It also
+will be discussed with the Colorado Rural Electric Association.
+    It said legislation that would halt the acquisition of
+electric utility service territories by annexation will remain
+active in the Colorado House of Representatives until Union and
+Public Service assure legislators they are in agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4474" NEWID="15160">
+<DATE> 8-APR-1987 13:12:05.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1889&#31;reute
+r f BC-ADVANCED-MICRO-&lt;AMD>   04-08 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED MICRO &lt;AMD> UNVEILS COMPUTER CHIPS</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Advanced Micro Devices Inc said it is
+developing a set of five computer chips for use in digital
+communications systems.
+    The company said the new chips support the integrated
+services digital network, or ISDN, the international standard
+for digital voice and data communications.
+    Advanced Micro also said it has signed a licensing
+agreement with American Telephone and Telegraph Co &lt;T> under
+which ATT has provided it with certain digital communications
+specifications.
+    Today's announcement follows the company's introduction
+last week of a 32-bit microprocessor.
+    "We have now reached a key point in the development of
+communications devices that implement a worldwide ISDN
+standard," said John East, group vice president for Advanced
+Micro's logic businesses.
+    He said the company's new computer chips, to be available
+by the end of this year, should boost the acceptance and
+implementation of ISDN services.
+     The chip set includes five separate devices in 100 unit
+quantities. The devices are priced from 7.25 dlrs to 29.25
+dlrs. Similar chip sets for ISDN communications are already
+being sold by a number of companies including INTEL Corp
+&lt;INTC>, ATT, Rockwell International &lt;ROK> and a joint venture
+between Northern Telecom LTd &lt;NT> and Motorola Inc &lt;MOT>.
+    The ISDN standard, portions of which are still being
+defined, will provide for the simultaneous transmission of
+voice, data and video.
+    Advanced Micro chip sets will be used in equipment such as
+private branch exchanges and desktop computers.
+    The company also said it is developing an ISDN protocol
+controller. It said the controller will connect directly with
+its current line of ISDN devices.
+    The device supports several digital communications
+protocols, including ones from International Business Machines
+Corp &lt;IBM> and ATT.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4144" NEWID="15161">
+<DATE> 8-APR-1987 13:12:50.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1894&#31;reute
+u f BC-U.K.-GEC-DECLINES-COM   04-08 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. GEC DECLINES COMMENT ON U.S. PURCHASE RUMOUR</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>General Electric Co Plc &lt;GECL.L> (GEC)
+declined comment on rumours on the London stock market that it
+is planning another purchase in the U.S. Medical equipment
+field, in addition to its existing U.S. Subsidiary &lt;Picker
+International Inc>.
+    A GEC spokesman said that it is company policy not to
+comment on acquisition rumours.
+    Stock Exchange traders said the rumour helped GEC's share
+price to rise 5p, to a final 206p from yesterday's closing
+price of 201p.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4145" NEWID="15162">
+<DATE> 8-APR-1987 13:12:55.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1895&#31;reute
+u f BC-PRESTON-CORP-&lt;PTRK>-S   04-08 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESTON CORP &lt;PTRK> SEES FIRST QUARTER LOSS</TITLE>
+<DATELINE>    PRESTON, Md., April 8 - </DATELINE><BODY>Preston corp said it expects to
+report a loss of about 300,000 dlrs or five cts per share for
+the first quarter, compared with a profit of 1,081,000 dlrs or
+19 cts per share a year before.          
+    The trucking company attributed the loss to the continued
+rate of discounted in its primary markets, flat revenues and
+increased costs, including uninsured claims expense resulting
+from adverse weather conditions during the last three months.
+    It said results outside the Northeast were strong, and it
+expects to show improved results for the rest of the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4146" NEWID="15163">
+<DATE> 8-APR-1987 13:14:01.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1900&#31;reute
+b f BC-/-FED-SAYS-IT-OFFERS   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED SAYS IT OFFERS TO BUY ALL COUPON ISSUES</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market and offered to buy all maturities
+of Treasury notes and bonds, a Fed spokesman said.
+    He said this coupon "pass," which adds permanent reserves
+to the banking system, was for regular delivery tomorrow.
+    Dealers said that Federal funds were trading at 6-7/16 pct
+when the Fed announced the operation. Economists had been
+expecting the Fed to do this because of the need to offset
+seasonal factors expected to drain reserves heavily over the
+next few weeks. The Fed had previously offered to buy all
+coupon issues on March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4147" NEWID="15164">
+<DATE> 8-APR-1987 13:14:07.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1901&#31;reute
+r f BC-SYNERGEN-&lt;SYGN>-FILES   04-08 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNERGEN &lt;SYGN> FILES TO OFFER SHARES</TITLE>
+<DATELINE>    BOULDER, Colo., April 8 - </DATELINE><BODY>Synergen Inc said it has filed
+for an offering of 1,500,000 common shares through underwriters
+led by Alex. Brown Inc &lt;ABSB>, Hambrecht and Quist Inc and
+Boettcher and Co Inc.
+    It said proceeds will be used to fund research and testing
+and for other general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4148" NEWID="15165">
+<DATE> 8-APR-1987 13:14:39.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1902&#31;reute
+u f BC-U.S.-SENATE-BUDGET-CO   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE BUDGET COMMITTEE APPROVES PLAN</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The U.S. Senate Budget Committee
+ended its stalemate over a budget plan and approved by a single
+vote a revised 1988 budget proposed by chairman Lawton Chiles
+to cut the deficit to 133.7 billion next year.
+    The new plan broke last week's gridlock in which the
+committee failed to approve a similar Chiles plan on a tie
+vote. Today, the measure was sent to the Senate 13 to 11.
+    Among a series of changes to get the extra vote, Chiles
+added about 400 mln dlrs for additional, unspecified,
+agricultural spending programs to be paid with partly with
+higher user fees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4475" NEWID="15166">
+<DATE> 8-APR-1987 13:15:10.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1903&#31;reute
+u f BC-QUEBEC-GOVERNMENT-TO   04-08 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUEBEC GOVERNMENT TO OFFER HELP TO NORANDA MINE</TITLE>
+<DATELINE>    QUEBEC, April 8 - </DATELINE><BODY>Quebec mines minister Raymond Savoie said
+the province is prepared to offer money to help re-open
+(Noranda Inc)'s Murdochville, Quebec copper mine, shut down by
+fire last week, but said he could not give a specific figure
+until damage estimates have been completed.
+    Federal member of parliament for the region, Charles-Eugene
+Marin, said last week the federal government is also prepared
+to provide financial help to restart operations as soon as
+possible. Noranda has estimated damage from the fire at about
+10 mln dlrs and a company spokesman said it should have a more
+specific estimate by the end of the month.
+    Noranda said it had hoped to have an estimate sooner, but
+has found that it will take longer than expected to gain access
+to the burned-out area.
+    Noranda said the mine was not insured.
+    "We decided many years ago...that the costs of insuring all
+of Noranda's underground operations would have been
+prohibitive," Larry Taylor, Noranda's risk management and
+insurance director, said.
+    Taylor said before last week's fire, the company had only
+had one previous mine accident many years ago.
+    Last week's fire killed one miner and trapped 52 other
+underground, some for up to 24 hours. It was believed to have
+started on a new conveyor system.
+    Noranda has said it would take four to five months to
+return the mine to normal operating capacity. It produced
+72,0000 tons of copper anode last year, Coffin said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4150" NEWID="15167">
+<DATE> 8-APR-1987 13:17:33.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1917&#31;reute
+r f BC-WESTERN-DIGITAL-&lt;WDC>   04-08 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN DIGITAL &lt;WDC> DEBENTURES CONVERTED</TITLE>
+<DATELINE>    IRVINE, Calif., April 8 - </DATELINE><BODY>Western Digital Corp said its 47
+mln dlrs of 6-3/4 pct convertible debentures due 2011, which
+had been called for redemption, were converted into 2,685,142
+common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4151" NEWID="15168">
+<DATE> 8-APR-1987 13:18:19.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1920&#31;reute
+r f BC-EASTMAN-KODAK-&lt;EK>-SE   04-08 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTMAN KODAK &lt;EK> SELLS 25 MLN DLRS OF NOTES</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Eastman Kodak Co is raising 25 mln dlrs
+through an offering of notes due 1997, said sole underwriter
+Morgan Stanley and Co Inc.
+    The notes have a 7-1/2 pct coupon and an initial offering
+price of 99.625 to yield 7.34 pct, or 20 basis points over
+five-year Treasury notes. Morgan said the notes will be
+reoffered to investors at variable prices.
+    Non-callable for life, the issue is rated Aaa by Moody's
+Investors Service Inc and AA by Standard and Poor's Corp.
+Investors can sell the notes back to the company in 1992.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4152" NEWID="15169">
+<DATE> 8-APR-1987 13:18:34.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1921&#31;reute
+d f BC-LE-PEEP-RESTAURANTS-S   04-08 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LE PEEP RESTAURANTS SUES OHIO COMPANY</TITLE>
+<DATELINE>    DENVER, April 8 - </DATELINE><BODY>&lt;Le Peep Restaurants Inc> said it is
+suing an Ohio company, charging it copied its restaurant from
+its menu to its design.
+    The action is being taken against &lt;Shelly's Inc>, operator
+of three restaurants in Columbus, Ohio, the company said. The
+suit alleges copyright infringement and unfair competition, it
+said.
+    The suit was filed in U.S. District Court of the Southern
+District in Ohio, and seeks damages in excess of 2,250,000, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4153" NEWID="15170">
+<DATE> 8-APR-1987 13:18:38.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1922&#31;reute
+u f BC-AMEX-LISTS-RED-LION-I   04-08 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX LISTS RED LION INNS &lt;RED></TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>The &lt;American Stock Exchange> said it
+has listed Red Lion Inns LP, which went public today.  The
+initial trade of the partnership units was at 19.75 dlrs, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4154" NEWID="15171">
+<DATE> 8-APR-1987 13:19:26.77</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1923&#31;reute
+r f BC-WHITE-HOUSE-STANDING   04-08 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE STANDING FIRM ON JAPANESE SANCTIONS</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Presidential spokesman Marlin
+Fitzwater said U.S. trade sanctions against Japan were likely
+take effect on April 17 in spite of a "full court press" by
+Japanese officials to avoid them.
+    "All indications are they will take effect," he said.
+    "I would say Japan is applying the full court press ... They
+certainly are putting both feet forward in terms of explaining
+their position," Fitzwater told reporters.
+    He noted high level meetings on the trade dispute are
+underway here but said, "I don't think there's anything I can
+report and I don't believe there's been any official movement."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4155" NEWID="15172">
+<DATE> 8-APR-1987 13:19:40.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1925&#31;reute
+b f BC-******DOW-JONES-AND-C   04-08 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW JONES AND CO INC FIRST QUARTER SHR 69 CTS VS 64 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4156" NEWID="15173">
+<DATE> 8-APR-1987 13:20:18.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1929&#31;reute
+d f BC-STANFORD-TELECOMMUNIC   04-08 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANFORD TELECOMMUNICATIONS &lt;STII> WINS CONTRACT</TITLE>
+<DATELINE>    SANTA CLARA, Calif., April 8 - </DATELINE><BODY>Stanford Telecommunications
+Inc said it was awarded a three-year contract for 2,945,052
+dlrs to support the National Aeronautics and Space
+Administration's Goddard Space Flight Center.
+    The company said its tasks will include mission modeling,
+ground system specific task assignements, ground system
+architecture/operations studies, transition planning, frequency
+management support, radio frequency interference development
+and system engineering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4157" NEWID="15174">
+<DATE> 8-APR-1987 13:21:44.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1932&#31;reute
+d f BC-GUINNESS-PLC-NON-EXEC   04-08 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUINNESS PLC NON-EXEC CHAIRMAN TO REMAIN</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Sir Norman Macfarlane, non-executive
+chairman of &lt;Guinness PLC>, has agreed to remain in his post
+for two more years, the company said.
+    The company said its board asked Macfarlane to continue in
+his capacity. Macfarlane has been in his post since January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4158" NEWID="15175">
+<DATE> 8-APR-1987 13:23:16.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1943&#31;reute
+r f BC-&lt;HAYES-DANA-INC>-1ST   04-08 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;HAYES-DANA INC> 1ST QTR NET</TITLE>
+<DATELINE>    TORONTO, April 8 -
+    </DATELINE><BODY>Shr 30 cts vs 28 cts
+    Net 5,000,000 vs 4,600,000
+    Revs 125.2 mln vs 123.9 mln
+    Note: 52 pct-owned by Dana Corp &lt;DCN>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4159" NEWID="15176">
+<DATE> 8-APR-1987 13:23:32.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1944&#31;reute
+r f BC-PROPOSED-OFFERINGS   04-08 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Stone Container Corp &lt;STO> - Secondary offering of
+1,633,453 shares of common stock and offering of 300,000 shares
+of common stock, both through Morgan Stanley and Co Inc and
+Goldman, Sachs and Co.
+    American Continental Corp &lt;AMCC> - Shelf offering of up to
+250,000 shares of 100 dlr cumulative convertible preferred
+stock through Offerman and Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4160" NEWID="15177">
+<DATE> 8-APR-1987 13:23:57.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1947&#31;reute
+r f BC-WESTERN-DIGITAL-&lt;WDC>   04-08 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN DIGITAL &lt;WDC> REDEEMS DEBT</TITLE>
+<DATELINE>    IRVINE, Calif., April 8 - </DATELINE><BODY>Western Digital Corp said it has
+completed the redemption of its 47 mln dlrs of 6-3/4 pct
+convertible subordinated debentures due 2011.
+    The debt was surrendered for conversion into comon stock,
+resulting in 2,685,142 shares being issued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4161" NEWID="15178">
+<DATE> 8-APR-1987 13:24:59.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1951&#31;reute
+r f BC-COPYTELE-&lt;COPY>-GETS   04-08 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COPYTELE &lt;COPY> GETS FLAT PANEL PATENT</TITLE>
+<DATELINE>    HUNTINGTON STATION, N.Y., April 8 - </DATELINE><BODY>CopyTele Inc said the
+U.S. Patent Office has issued a structure patent for its high
+resolution charged particle flat panel display screen.
+    The company said it has successfully developed an
+experimental model with a 4.5 inch image area measured
+diagonally, and is continuing development on panels with larger
+image areas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4162" NEWID="15179">
+<DATE> 8-APR-1987 13:25:18.02</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1952&#31;reute
+u f BC-COCOA-TERMINAL-DEPOSI   04-08 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA TERMINAL DEPOSITS TO BE CUT 25 PCT - ICCH</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>The basic deposit on cocoa futures
+contracts will be reduced by 25 pct as from Friday, April 10,
+taking the required deposit for one 10 tonne lot to 300 stg
+from 400 previously, a spokesman for the International
+Commodity Clearing House (ICCH) said.
+    The deposit for spread contracts will be similarly cut, to
+150 stg for a one 10 tonne lot from 200 previously, he said.
+    The ICCH had been looking at cocoa market fluctuations over
+a period of weeks, he said, adding the market's basic stability
+had warranted a cut in deposit rates.
+    The decision to cut deposits was taken by the ICCH after
+consultation with the London Cocoa Terminal Market, the
+spokesman said.
+    The cuts were likely to attract more business to the
+market, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4163" NEWID="15180">
+<DATE> 8-APR-1987 13:25:58.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1957&#31;reute
+d f BC-ELECTRO-RENT-CORP-&lt;EL   04-08 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRO RENT CORP &lt;ELRC> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    SANTA MONICA, Calif., April 8 -
+    </DATELINE><BODY>Shr 20 cts vs 32 cts
+    Net 1,358,000 vs 2,476,000
+    Revs 27.1 mln vs 26.2 mln
+    Nine Mths
+    Shr 68 cts vs 1.05 dlrs
+    Net 4,957,000 vs 8,129,000
+    Revs 82.6 mln vs 78.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4476" NEWID="15181">
+<DATE> 8-APR-1987 13:26:09.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1958&#31;reute
+r f BC-MUNSON-&lt;MGEO>-GETS-PR   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUNSON &lt;MGEO> GETS PROJECT FINANCING</TITLE>
+<DATELINE>    RENO, Nev., April 8 - </DATELINE><BODY>Munson Geothermal Inc said it
+received the necessary financing to complete construction work
+at its Brady Hot Springs facility and begin commercial delivery
+of geothermally produced electricity to Sierra Pacific Resouces
+Corp &lt;SRP> by July this year.
+    Munson has a 30-year contract which calls for it to supply
+Sierra Pacific with about 23.5 megawatts of electricity per
+year, a spokesman said.
+    Munson, a wholesale electric utility, said the financing
+consists of a 1.25 mln dlr credit agreement with a division of
+Foster Oilfield Co of Houston.
+    Trading in Munson's stock was halted earlier, news pending.
+It last traded at a bid of 2-3/8 and an offer of 2-1/2.
+    In addition, Munson said that since closing its 1.2 mln dlr
+limited partnership at Brady in December 1986, the company has
+raised about 500,000 dlrs through private placements with
+qualified investors.
+    The funds will be used to help finance commercial startup
+of the Brady facility, Munson also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4165" NEWID="15182">
+<DATE> 8-APR-1987 13:26:59.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1961&#31;reute
+r f BC-ARVIN-&lt;ARV>,-SANGO-ST   04-08 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARVIN &lt;ARV>, SANGO START BUILDING PLANT</TITLE>
+<DATELINE>    MADISON, Ind., April 8 - </DATELINE><BODY>Arvin Industries Inc said it and
+Sango Co Ltd of Japan have started building a new 119,000
+square foot joint venture auto exhaust plant in Madison, Wis.
+    The company said the 15.2 mln dlr plant of its Arvin Sango
+Inc venture with Sango is scheduled to be in operation early in
+1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4166" NEWID="15183">
+<DATE> 8-APR-1987 13:27:18.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1964&#31;reute
+r f BC-WASHINGTON-ENERGY-&lt;WE   04-08 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON ENERGY &lt;WECO> PLANS PUBLIC OFFERING</TITLE>
+<DATELINE>    SEATTLE, April 8 - </DATELINE><BODY>Washington Energy Co said it plans to
+file a registration statement later this month covering a
+planned public offering of 1.2 mln common shares.
+    Proceeds from the offering will be used to reduce
+short-term bank borrowings incurred to finance capital
+expenditures, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4167" NEWID="15184">
+<DATE> 8-APR-1987 13:27:25.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1965&#31;reute
+d f BC-WHONNOCK-PLANS-SHARE   04-08 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHONNOCK PLANS SHARE ISSUE</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, April 8 - </DATELINE><BODY>&lt;Whonnock Industries
+Ltd> said it agreed to sell two mln class A subordinate voting
+shares to investment dealers Dominion Securities Inc and
+Pemberton Houston Willoughby Bell Gouinlock Inc for resale to
+the public at 7.75 dlrs each.
+    Whonnock said &lt;Toronto Dominion Bank> agreed to sell
+500,000 of its Whonnock class A subordinate voting shares to
+the same investment dealers as part of the public offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4168" NEWID="15185">
+<DATE> 8-APR-1987 13:28:07.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1967&#31;reute
+b f BC-******WALGREEN-CO-2ND   04-08 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WALGREEN CO 2ND QTR SHR 62 CTS VS 58 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4169" NEWID="15186">
+<DATE> 8-APR-1987 13:29:02.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1968&#31;reute
+u f AM-MARINES-***URGENT   04-08 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THIRD U.S. MARINE ARRESTED IN SPY SCANDAL</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>A third Marine has been arrested on
+suspicion of espionage in a growing sex-spy scandal involving
+security at both the U.S. Embassy in Moscow and the American
+Consulate in Leningrad, the Pentagon said.
+    Sgt. John Joseph Weirick, 26, was arrested yesterday in
+California and jailed for questioning on suspicion of espionage
+while he served as a guard at the U.S. consulate in Leningrad
+for a year beginning in October, 1981, Pentagon spokesman
+Robert Sims said.
+    Two other Marines were earlier charged with espionage at
+the Moscow Embassy and a third Marine, Staff Sgt. Robert
+Stufflebeam, was charged yesterday with failure to report
+contacts with Soviet women in Moscow, Sims told reporters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4170" NEWID="15187">
+<DATE> 8-APR-1987 13:29:21.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1970&#31;reute
+u f BC-Philadelphia-electric   04-08 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA ELECTRIC &lt;PE> NUCLEAR COST ESTIMATE</TITLE>
+<DATELINE>    PHILADELPHIA, April 8 - </DATELINE><BODY>Philadelphia Electric Co will have
+to spend an average of about five mln dlrs a day to replace the
+electricity which would have been generated by the Peach Bottom
+nuclear power plant, Chairman J. Lee Everett said.
+    The Nuclear Regulatory Commission ordered the utility to
+close the plant early last week.
+    "This is the first time an operating plant has been shut
+down by the NRC specifically because of plant operator
+problems," Everett told the company's annual meeting.
+    He did not say who would pay for the replacement power --
+rate payers or shareholders.
+    Everett told the meeting Philadelphia Electric can not give
+a definitive answer on the cost of the shutdown until it gets
+Peach Bottom back in service.
+    He said the utility had been aware for some time it had
+attitude problems among the operating forces at Peach Bottom
+and thought it had been making progress toward improvement.
+    "While the attitude of operating personnel at Peach Bottom
+has been rated poor, the attitudes or our personnel at
+Limerick, our other nuclear plant, have been rated excellent.
+We have asked ourselves over and over how two plants, managed
+by the same company, can be so different."
+    Everett said "Limerick has been the model for improvements
+we set out to accomplish at Peach Bottom, and remains so."
+    He said a special committee composed of Philadelphia
+Electric's outside directors will monitor and direct the
+company's investigation of the problem.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4171" NEWID="15188">
+<DATE> 8-APR-1987 13:29:35.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1972&#31;reute
+d f BC-JUDY'S-INC-&lt;JUDY>-4TH   04-08 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUDY'S INC &lt;JUDY> 4TH QTR JAN 31 LOSS</TITLE>
+<DATELINE>    VAN NUYS, Calif., April 8 -
+    </DATELINE><BODY>Shr loss two cts vs profit nine cts
+    Net loss 74,000 vs profit 418,000
+    Sales 18.2 mln vs 17.5 mln
+    Year
+    Shr profit nine cts vs profit 26 cts
+    Net profit 426,000 vs profit 1,170,000
+    Sales 58.7 mln vs 56.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4172" NEWID="15189">
+<DATE> 8-APR-1987 13:30:20.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1975&#31;reute
+r f BC-ORANGE-CO-INC-&lt;OJ>-2N   04-08 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORANGE-CO INC &lt;OJ> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    BLOOMFIELD HILLS, Mich., April 8 -
+    </DATELINE><BODY>Shr profit 2.26 dlrs vs loss 81 cts
+    Net profit 9,785,000 vs loss 3,422,000
+    Revs 26.0 mln vs 18.9 mln
+    Avg shrs 4,316,000 vs 4,207,000
+    1st half
+    Shr profit 2.75 dlrs vs loss 1.07 dlrs
+    Net profit 11.9 mln vs loss 4,486,000
+    Revs 39.0 mln vs 37.2 mln
+    Avg shrs 4,318,000 vs 4,181,000
+    NOTE: Current year net both periods includes gain 9,500,000
+dlrs from sale of Orange-Co of Florida subsidiary to American
+Agrnomics Corp &lt;AGR>.
+    Net includes pretax real estate disposition loss 920,000
+dlrs vs gain 52,000 dlrs in quarter and loss 863,000 dlrs vs
+gain 117,000 dlrs in half.
+    Prior year net includes tax credits of 2,132,000 dlrs in
+quarter and 3,039,000 dlres in half.
+    Current half net includes 2,051,000 dlr pretax gain
+2,051,000 dlrs from change in accounting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4173" NEWID="15190">
+<DATE> 8-APR-1987 13:30:43.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1977&#31;reute
+u f BC-DOW-JONES-AND-CO-INC   04-08 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW JONES AND CO INC &lt;DJ> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 8 -
+    </DATELINE><BODY>Shr 69 cts vs 64 cts
+    Net 66,719,000 vs 61,773,000
+    Rev 285.6 mln vs 259.7 mln
+    NOTE: Earnings include after-tax gain of 29.4 mln dlrs, or
+30 cts a share, versus after-tax gain of 31.4 mln dlrs, or 32
+cts a share, for 1986 first quarter. Earnings per share
+reflects a 50 pct stock dividend in the form of a class B
+common stock distribution on June 30, 1986.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4174" NEWID="15191">
+<DATE> 8-APR-1987 13:31:24.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1979&#31;reute
+r f BC-LANESBOROUGH'S-SUBORD   04-08 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANESBOROUGH'S SUBORDINATED NOTES LOWERED BY S/P</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Standard and Poor's Corp said it cut to
+CCC-plus from B-minus Lanesborough Corp's 50 mln dlrs of senior
+subordinated notes.
+    S and P said the downgrade reflected Lanesborough's planned
+purchase of Ampex Corp from Allied-Signal Inc &lt;ALD> for 479 mln
+dlrs.
+    "The acquisition represents a dramatic departure from
+management's stated financial policies," S and P said. It also
+said that Lanesborough is making a major investment in a
+venture with extremely high financial risk.
+    The company's implied senior debt rating is B.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4478" NEWID="15192">
+<DATE> 8-APR-1987 13:32:19.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1985&#31;reute
+u f BC-UAL'S-(UAL)-UNITED-AI   04-08 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL'S (UAL) UNITED AIR MARCH LOAD FACTOR RISES</TITLE>
+<DATELINE>    CHICAGO, April 8 - </DATELINE><BODY>United Airlines, a subsidiary of UAL
+Inc, said its load factor in March rose to 70.6 pct from 66.2
+pct in the same period a year ago.
+    United said its March traffic jumped 23.2 pct to 6.05
+billion revenue passenger miles from 4.91 billion revenue
+passenger miles in the same month last year. Available seat
+miles for the month increased 15.4 pct to 8.56 billion from
+7.42 billion available seat miles, it said.
+    Total cargo ton miles for March were up 22 pct to 104.4 mln
+from 85.6 mln cargo ton miles in March 1986, it said.
+    For the January through March period in 1987, United said
+its load factor advanced to 63.8 pct from 59.9 pct last year.
+    Traffic for the period through March soared 32.7 pct to
+15.57 billion revenue passenger miles from 11.73 billion
+revenue passenger miles in the 1986 period, it said. Available
+seat miles were ahead by 24.6 pct to 24.42 billion from 19.60
+billion available seat miles in the comparable period last
+year, United said.
+    Total cargo ton miles for the 1987 first quarter rose 30.6
+pct to 275.7 mln from 211.1 mln cargo ton miles in the 1986
+period, the airline said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4176" NEWID="15193">
+<DATE> 8-APR-1987 13:33:04.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1990&#31;reute
+s f BC-LORD-ABBETT-AND-CO-MU   04-08 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LORD ABBETT AND CO MUTUAL FUND DIVIDENDS</TITLE>
+<DATELINE>    NEW YORK, April 8 -
+    </DATELINE><BODY>LORD ABBETT BOND DEBENTURE FUND
+    Qtly div 28 cts vs 29 cts prior
+    Pay May 5
+    Record April 9
+    ---
+    LORD ABBETT U.S. GOVERNMENT SECURITIES FUND
+    Daily div 2.9 cts vs 2.9 cts prior
+    Pay May 15
+    Record May 15
+    LORD ABBETT TAX FREE INCOME FUND NATIONAL SERIES
+    Daily div 6.7 cts vs 6.7 cts prior
+    Pay May 15
+    Record May 15
+    ---
+    LORD ABBETT TAX FREE INCOME NEW YORK SERIES
+    Daily div 6.7 cts vs 6.7 cts prior
+    Pay May 15
+    Record May 15
+    LORD ABBETT TAX FREE INCOME TEXAS SERIES
+    Daily div 5.9 cts vs 5.9 cts prior
+    Pay May 15
+    Record May 15
+    ---
+    LORD ABBETT CALIFORNIA TAX FREE INCOME
+    Daily div of 6.2 cts vs 6.2 cts prior
+    Pay May 15
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4177" NEWID="15194">
+<DATE> 8-APR-1987 13:34:14.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1998&#31;reute
+d f BC-HEINEKEN-SEES-HIGHER   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEINEKEN SEES HIGHER PROFITS, WIDER PENETRATION</TITLE>
+<AUTHOR>    By Emma Robson, Reuters</AUTHOR>
+<DATELINE>    AMSTERDAM, April 8 - </DATELINE><BODY>Dutch brewer Heineken NV said it hoped
+to maintain for a number of years a similar earnings growth to
+the 7.5 pct increase in net profit achieved in 1986, despite
+continuing investments in a reorganization program and efforts
+to extend world penetration.
+    Heineken last month reported a 1986 net profit of 285 mln
+guilders, after 265 mln in 1985.
+    Chairman Freddie Heineken said the company, Europe's
+leading beer producer with six pct of market share in 1986,
+said sales increased by 6.3 pct to 42.1 mln hectoliters.
+    The volume increase was due mainly to a rise in the U.S.,
+Where the brand Amstel Lite saw great demand, and in Europe,
+where sales accounted for 25.5 pct of the total.
+    Turnover, despite losses in guilder terms due to weaker
+foreign currencies, rose by 4.4 pct, to 6.7 billion guilders.
+    Further consolidation of foreign companies, including the
+increase of its stake in leading Spanish brewery &lt;El Aguila
+S.A.> to 51.2 pct, new ventures and modernization, particularly
+in French and Spanish interests, eroded profit margins. The
+company still planned to invest 700 mln guilders this year in
+restructuring and marketing, Heineken said.
+    Heineken's Spanish activities should start yielding profit
+next year, Heineken said, adding that its French operations had
+already turned to profit after vast rationalization last year.
+    Vice Chairman Gerard van Schaik said the decision by the
+European Court of Justice in Luxembourg to allow foreign beer
+into the closed West German market -- Europe's biggest beer
+market -- offered interesting possibilities for Heineken. "We
+have the beer, but distribution and sales is the important
+point," van Schaik said, adding that since the ruling Heineken
+had been inundated by German traders seeking joint ventures.
+    "The question is not if we want to penetrate the German
+market, but how we are to do it," van Schaik said, adding that
+while the widely traveled Germans seemed to be developing a
+taste for foreign beer, the internal structure was very
+regionalized.
+     Heineken board member Hans Coebergh, responsible for
+African operations, said he saw Africa as one of the most
+important beer growth markets in the long term.
+     He said the company, present in Africa since 1932 and with
+majority stakes in six breweries and interests in 25, was
+hampered by the lack of hard currencies there.
+    Africa, where beer consumption averages only nine liters
+per head per year and sales are limited by import restrictions
+and currency risks, nonetheless accounted for 6.5 pct of total
+1986 sales.
+    On-site production is rendered expensive by the high price
+of imports of essential ingredients. But Heineken scientists
+have been looking at other possibilities.
+    To balance the costs of imported malt, Heinken launched on
+the Nigerian market a new beer made of 50 pct sorghum, which
+had sold successfully, Coebergh said.
+    Heineken is urging farmers to grow the traditional raw
+materials, but Coebergh noted that banana and palm beer were
+popular in Rwanda . "This is a possibility, but we could not
+possibly achieve the Heineken flavor," Coebergh said.
+    Chairman Heineken said the company's seven year efforts to
+penetrate the Soviet market had finally resulted this week in a
+contract that relaxed some of the restrictions they faced.
+    But again, a lack of hard currencies limited Heineken's
+market potential. Heineken now has seven bars in Moscow that
+are enjoying good sales, but the bars only accept western
+money.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4178" NEWID="15195">
+<DATE> 8-APR-1987 13:34:36.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1999&#31;reute
+w f BC-RESEARCH-INDUSTRIES-&lt;   04-08 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESEARCH INDUSTRIES &lt;REIC> UNVEILS NEW PRODUCTS</TITLE>
+<DATELINE>    SALT LAKE CITY, April 8 - </DATELINE><BODY>Research Industries Corp said it
+is introducing three additions to its line of cardiovascular
+specialty products.
+    The company said the products are a patented drainage
+bicaval cannula for open heart surgery, a proprietary catheter
+for neonatal thoracic surgery and a line of specialized baloon
+catheter shunts for carotid artery surgery.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4179" NEWID="15196">
+<DATE> 8-APR-1987 13:36:45.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2008&#31;reute
+r f BC-ORANGE-CO-&lt;OJ>-HOLDER   04-08 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORANGE-CO &lt;OJ> HOLDERS APPROVE NAME CHANGE</TITLE>
+<DATELINE>    BLOOMFIELD HILLS, Mich., April 8 - </DATELINE><BODY>Orange-Co Inc said
+shareholders at the annual meeting approved a name change to
+Stoneridge Resources Inc.
+    The company said yesterday shareholders of American
+Agronomics Corp &lt;AGR>, which acquired Orange-Co's Orange-Co of
+Florida subsidiary late in 1986, approved a name change to
+Orange-Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4180" NEWID="15197">
+<DATE> 8-APR-1987 13:37:05.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2010&#31;reute
+s f BC-WALGREEN-CO-&lt;WAG>-VOT   04-08 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALGREEN CO &lt;WAG> VOTES QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    DEERFIELD, ILL., April 8 -
+    </DATELINE><BODY>Qtly div 13-1/2 cts vs 12-1/2 cts prior qtr
+    Pay 12 June
+    Record 21 May
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4181" NEWID="15198">
+<DATE> 8-APR-1987 13:39:33.92</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2013&#31;reute
+u f BC-colombian-businessmen   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA BUSINESS ASKED TO DIVERSIFY FROM COFFEE</TITLE>
+<DATELINE>    BOGOTA, April 8 - </DATELINE><BODY>A Colombia government trade official has
+urged the business community to aggressively diversify its
+activities and stop relying so heavily on coffee.
+    Samuel Alberto Yohai, director of the Foreign Trade
+Institute, INCOMEX, said private businessmen should not become
+what he called "mental hostages" to coffee, traditionally
+Colombia's major export.
+    The National Planning Department forecast that in 1987
+coffee will account for only one-third of total exports, or
+about 1.5 billion dlrs, with oil and energy products making up
+another third and non-traditional exports the remainder.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4182" NEWID="15199">
+<DATE> 8-APR-1987 13:44:25.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2027&#31;reute
+b f BC-******GM-SETS-MAY-29   04-08 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM SETS MAY 29 SHUTDOWN OF MICHIGAN TRUCK LINE, 2,000 COULD BE LAID OFF
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4183" NEWID="15200">
+<DATE> 8-APR-1987 13:45:08.83</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>turkey</D><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2030&#31;reute
+r f AM-AEGEAN-GREECE 1STLD  04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY CALLS FOR DIALOGUE TO SOLVE DISPUTE</TITLE>
+<DATELINE>    ANKARA, April 8 - </DATELINE><BODY>Turkey said today its disputes with
+Greece, including rights on the continental shelf in the Aegean
+Sea, should be solved through negotiations.
+    A Foreign Ministry statement said the latest crisis between
+the two NATO members stemmed from the continental shelf dispute
+and an agreement on this issue would effect the security,
+economy and other rights of both countries.
+    "As the issue is basicly political, a solution can only be
+found by bilateral negotiations," the statement said. Greece has
+repeatedly said the issue was legal and could be solved at the
+International Court of Justice.
+    The two countries approached armed confrontation last month
+after Greece announced it planned oil exploration work in the
+Aegean and Turkey said it would also search for oil.
+    A face-off was averted when Turkey confined its research to
+territorrial waters. "The latest crises created an historic
+opportunity to solve the disputes between the two countries,"
+the Foreign Ministry statement said.
+    Turkey's ambassador in Athens, Nazmi Akiman, was due to
+meet Prime Minister Andreas Papandreou today for the Greek
+reply to a message sent last week by Turkish Prime Minister
+Turgut Ozal. The contents of the message were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4184" NEWID="15201">
+<DATE> 8-APR-1987 13:45:44.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2033&#31;reute
+b f BC-******GM-SAYS-ST.-LOU   04-08 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM SAYS ST. LOUIS TRUCK PLANT TO BE SHUT AUGUST SEVEN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4185" NEWID="15202">
+<DATE> 8-APR-1987 13:46:41.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2037&#31;reute
+d f BC-DIGILOG-&lt;DILO>-SAYS-2   04-08 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGILOG &lt;DILO> SAYS 2ND QTR REVENUES ROSE</TITLE>
+<DATELINE>    MONTGOMERYVILLE, Pa., April 8 - </DATELINE><BODY>Digilog Inc said revenues
+for the second quarter ended MArch 31 were about 4,300,000
+dlrs, up from 3,065,000 dlrs a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4481" NEWID="15203">
+<DATE> 8-APR-1987 13:47:22.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>cuba</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2039&#31;reute
+u f BC-CUBA-TO-STIMULATE-ECO   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUBA TO STIMULATE ECONOMY DESPITE IMPORT CUTS</TITLE>
+<DATELINE>    HAVANA, APRIL 8 - </DATELINE><BODY>Cuba will continue to develop its economy
+despite the need to cut imports from hard currency nations by
+half this year, President Fidel Castro said.
+    The Cuban economy is going through a difficult period due
+mainly to two years of drought, low sugar prices, a fall in the
+price of petroleum and the fall in the value of the dollar,
+Castro said in a published weekend speech delivered to a young
+communists union congress.
+    Castro said  cuba will continue to prospect for oil, build
+thermo-electric generating stations, a large petroleum refinery
+and a nuclear power plant in 1987.
+    He said work would also continue this year in developing
+the chemical and mining industries. Among the main projects in
+mining are two nickel processing plants built with Soviet and
+Comecon aid .
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4187" NEWID="15204">
+<DATE> 8-APR-1987 13:48:28.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2041&#31;reute
+d f BC-FRONTIER-INSURANCE-&lt;F   04-08 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRONTIER INSURANCE &lt;FRTR> IN ACQUISITION TALKS</TITLE>
+<DATELINE>    MONTICELLO, N.Y., April 8 - </DATELINE><BODY>Frontier Insurance Group Inc
+said it is currently negotiating to acquire the business of
+Medical Quadrangle Inc, formerly its largest medical
+malpractice insurance producer, and the business of its other
+malpractice producer, Medical Professional Liability Agency
+Inc.
+    It gave no details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4188" NEWID="15205">
+<DATE> 8-APR-1987 13:48:35.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2042&#31;reute
+d f BC-FRONTIER-INSURANCE-GR   04-08 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRONTIER INSURANCE GROUP INC &lt;FRTR> 4TH QTR NET</TITLE>
+<DATELINE>    MONTICELLO, N.Y., April 8 -
+    </DATELINE><BODY>Oper shr 25 cts vs six cts
+    Oper net 840,000 vs 139,000
+    Revs 8,290,000 vs 4,743,000
+    Avg shrs 3,335,029 vs 2,400,000
+    Year
+    Oper shr 97 cts vs 53 cts
+    Oper net 2,546,000 vs 1,275,000
+    Revs 28.8 mln vs 18.5 mln
+    Avg shrs 2,635,665 vs 2,400,000
+    NOTE: Net excludes investment gain four cts shr vs loss six
+cts in quarter and gain five cts vs loss six cts in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4189" NEWID="15206">
+<DATE> 8-APR-1987 13:48:57.15</DATE>
+<TOPICS><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2043&#31;reute
+u f BC-GATT-OFFICIAL-MEETS-W   04-08 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT OFFICIAL MEETS WITH U.S. FARM LEADERS</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The official in charge of
+agricultural matters in the new round of global trade talks is
+in Washington today and tomorrow to meet with congressional and
+Reagan administration officials.
+    Aart de Zeeuw, chairman of the General Agreement on Tariffs
+and Trade's negotiating group on agriculture, met this morning
+with members of the House Agriculture Committee.
+    Committee sources said De Zeeuw expressed concern over
+protectionism and high farm price supports. House lawmakers
+noted that in 1985 the United States took steps to reduce loan
+rates, committee staff said.
+    "Members told him (De Zeeuw) that we lowered our (U.S.) loan
+rates and can't eliminate subsidies unilaterally," one source
+said.
+    De Zeeuw was told of the U.S. lawmakers' frustration with
+Japan's restrictive rice import policy, and members defended
+the U.S. dairy policy, which aims to cut surplus production by
+subsidizing producers to trim herds, sources said.
+    Later today De Zeeuw will meet the Senate Agriculture
+members and Undersecretary of State Affairs Allen Wallis.
+    Tomorrow, De Zeeuw is to meet the House Ways and Means
+Trade Subcommittee and the Senate Finance Committee, before
+visiting Agriculture Secretary Richard Lyng.
+    De Zeeuw goes to Canada later this week. His trip to North
+America is part of his attempt to meet farm policy leaders in
+the key GATT member states.
+    The negotiating group on agriculture held its first meeting
+in February and is expected to meet again in May.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4190" NEWID="15207">
+<DATE> 8-APR-1987 13:55:24.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2061&#31;reute
+d f BC-SOUTHINGTON-SAVINGS-B   04-08 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHINGTON SAVINGS BANK &lt;SSBB> 1ST QTR NET</TITLE>
+<DATELINE>    SOUTHINGTON, Conn., April 8 -
+    </DATELINE><BODY>Shr 39 cts vs not given
+    Net 707,000 vs 505,000
+    NOTE: Company went public in July 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4191" NEWID="15208">
+<DATE> 8-APR-1987 13:55:51.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2063&#31;reute
+s f BC-CATERPILLAR-INC-&lt;CAT>   04-08 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATERPILLAR INC &lt;CAT> VOTES QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    PEORIA, ILL., April 8 -
+    </DATELINE><BODY>Qtly div 12-1/2 cts vs 12-1/2 cts prior qtr
+    Pay 20 May
+    Record 20 April
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4192" NEWID="15209">
+<DATE> 8-APR-1987 13:56:01.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2064&#31;reute
+u f BC-WALGREEN-&lt;WAG>-SEES-M   04-08 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALGREEN &lt;WAG> SEES MARCH SALES UP 11.2 PCT</TITLE>
+<DATELINE>    DEERFIELD, Ill, April 8 - </DATELINE><BODY>Walgreen Co said preliminary
+figures show that its sales for March will be up 11.2 pct over
+March 1986, when it had 313.4 mln dlrs in sales.
+    Final March retail figures are expected Thursday April 9.
+    It also said it expects a strong Easter selling season.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4193" NEWID="15210">
+<DATE> 8-APR-1987 13:56:41.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2067&#31;reute
+u f BC-CORRECTED---DATRON-&lt;D   04-08 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - DATRON &lt;DATR> AGREES TO BUYOUT</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., April 8 - </DATELINE><BODY>Datron Corp said it agreed to
+merge with GGHF Inc, a Florida-based company formed by the four
+top officers of the company.
+    According to terms of the proposed transaction, each share
+of Datron common stock, excluding those shares owned by the
+four officers, will be converted into six dlrs a share, it
+said.
+    Datron's officers hold about 73 pct of the total 896,000
+Datron common shares outstanding, it said.
+(corrects company name, GGHF, in first paragraph)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4194" NEWID="15211">
+<DATE> 8-APR-1987 13:57:29.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2070&#31;reute
+u f BC-WALGREEN-CO-&lt;WAG>-2ND   04-08 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALGREEN CO &lt;WAG> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    DEERFIELD, Ill, April 8 -
+    </DATELINE><BODY>Shr 62 cts vs 58 cts
+    Qtly div 13-1/2 cts vs 13-1/2 cts prior
+    Net 38.8 mln vs 35.7 mln
+    Revs 1.18 billion vs one billion
+    Six mths
+    Shr 84 cts vs 86 cts
+    Net 52 mln vs 52.9 mln
+    Revs 2.14 billion vs 1.82 billion
+    NOTE: Results include charge of four cts shr for latest six
+mths vs credit of five cts shr for prior six mths from
+investment tax credit
+     Dividend payable June 12, record May 21
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4195" NEWID="15212">
+<DATE> 8-APR-1987 13:59:30.35</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2072&#31;reute
+r f BC-J.P.-MORGAN&lt;JPM>-SAYS   04-08 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.P. MORGAN&lt;JPM> SAYS DLR MAY PREVENT FED EASING</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>The relatively high level of real U.S.
+interest rates suggests that there is scope for further
+declines in money market rates, but the Federal Reserve is
+unlikely to promote such a drop as long as the dollar remains
+volatile, said J.P. Morgan and Co Inc chairman Lewis Preston.
+    He said in response to a reporter's question after the
+bank's annual meeting that money market rates could decline
+further but, "I don't think the Fed is going to encourage that
+as long as the exchange markets are as volatile as they are."
+    On the other hand, he said that, barring a collapse of the
+dollar, he did not see rates going much higher.
+    He said that Morgan's recent rise in its prime lending rate
+was "purely a reflection of an increase in a whole spectrum of
+rates."
+    Preston reiterated earlier company forecasts that the U.S.
+economy should show roughly 2.5 to three pct real growth this
+year.
+    He also said that as a consequence of the dollar's decline
+and oil price rises, inflation would rise "moderately" to a 3.5
+to four pct rate in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4484" NEWID="15213">
+<DATE> 8-APR-1987 14:01:31.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2075&#31;reute
+u f BC-MEDTRONIC-&lt;MDT>-SEES   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDTRONIC &lt;MDT> SEES 15 PCT EARNINGS GROWTH</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Medtronic Inc said it sees 15 pct
+growth in sales and earnings for the year ending April 30,
+1988.
+    At an analysts meeting here the company said that for the
+year ending April 30, 1987 it will earn about 73 mln dlrs, or
+about 5.15-5.35 dlrs a share on sales of about 500 mln dlrs.
+    In the year ago period, the company earned 53.4 mln dlrs,
+or 3.65 dlrs a share, on sales of 402.8 mln dlrs.
+    Winston Wallin, Medtronic chairman, said the company will
+improve market share in fiscal 1988 in cardiac pacemakers and
+expand its cardiovascular therapeutic product line.
+    Wallin cautioned analysts not to quickly change their per
+share estimates for the company as he said Medtronic will have
+heavy sales and marketing expenses in fiscal 1988.
+    He said the company intends to reinvest its earnings in its
+businesses and not in its dividends. "Shareholders are better
+off if we grow the business rather than reinvest in dividends
+or share repurchases," he said.
+    Wallin said he sees Medtronic's share of the total
+worldwide pacemaker market increasing to 42 pct in fiscal 1988,
+from 40 pct in fiscal 1987.
+    He said the worldwide market for cardiovascualr therapeutic
+products, which includes pacemakers, valves, catheters and
+lasers, will be valued at about 2.5 billion dlrs 1990 and will
+double that by 1995.
+    Wallin said, "Our objective is to get a hold of new
+products and start building market share if we have to beg,
+borrow or steal to get into new markets."
+    In the past, Medtronic's pacemakers have been plagued with
+a number of problems leading to product recalls. Regulators
+also have criticized the industry, citing quality problems and
+a needless overprescription of pacemakers.
+    "We have no knowledge of any major problems in our
+pacemakers or leads," Wallin said. "We intend to re-establish
+our company as the quality leader in the industry."
+    Glen Nelson, executive vice president for Medtronics, said
+the company intends to diversify internally and through
+acquisitions of companies in areas of Medtronic's expertise,
+such as drug delivery systems.
+    Wallin said the 15 pct earnings growth for fiscal 1988 does
+not include dilutions from acquisitions. "We hope to have some
+safety provisions so that we won't have any major dilutions
+from an acquisition."
+    Wallin also said the company will have virtual exclusivity
+in rate responsive pacemakers for all of fiscal 1988.
+    The company markets Activitrax, the first single chamber
+pacemaker that varies heartrate in response to physical
+activity.
+    Siemens AG, a West German company, is also developing a
+rate responsive pacemaker.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4197" NEWID="15214">
+<DATE> 8-APR-1987 14:01:47.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2077&#31;reute
+u f BC-IBM-&lt;IBM>-NAMES-NEW-P   04-08 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> NAMES NEW PRESIDENT FOR ROLM UNIT</TITLE>
+<DATELINE>    ARMONK, N.Y., April 8 - </DATELINE><BODY>International Business Machines
+Corp said IBM vice president Ray S. AbuZayyad has been named
+president of its ROLM Corp subsidiary, succeeding Dennis D.
+Paboojian, who remains with IBM as a consultant.
+    The company said IBM vice president Paul R. Low has been
+named president of the IBM General Products Division,
+succeeding AbuZayyad, and IBM vice president Michael J. Attardo
+has been named president of IBM's General Technology Division,
+succeeding Low.
+    A Rolm spokeswoman said Paboojian decided to step down for
+personal reasons.
+    His decision, she said, was not related to IBM's move last
+month to merge Rolm's sales and service organization into its
+own marketing corps.
+    That merger was viewed by some analysts as reducing Rolm's
+independence and relegating it to a role as a manufacturing and
+product development site within IBM.
+    "He wanted to take some personal time off," she said,
+adding that Paboojian had taken part in the merger decision.
+    Scores of Rolm veterans have left the company, which makes
+telephone exchanges and other communications equipment, since
+it was acquired by IBM in 1984.
+    Rolm's highly respected founder, Ken Oshman, left more than
+a year ago.
+    Rolm and IBM customers have complained about a lack of
+coordination between Rolm and IBM, and analysts estimate the
+unit lost money last year.
+    But the spokeswoman said Paboojian was "happy with the way
+things are going with Rolm." She said the unit posted its best
+fourth quarter revenues ever in the 1986 fourth quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4198" NEWID="15215">
+<DATE> 8-APR-1987 14:02:45.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2082&#31;reute
+r f BC-U.K.-CHEMICAL-INDUSTR   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. CHEMICAL INDUSTRY CAPITAL SPENDING SEEN UP</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Capital spending in the U.K. Chemical
+industry is expected to rise to 1.4 billion stg this year, a
+three pct increase on the 1986 level after inflation, the
+Chemical Industry Association said.
+    A further increase to 1.52 billion stg is expected in 1988,
+but there will be a decline to 1.38 billion in 1989, the
+association found in its latest investment intentions survey.
+    Even so, the estimated total fixed capital spending for the
+1987-89 period of 4.3 billion is a real spending increase of
+six pct on the previous three years, the report said.
+Eighty-one firms took part in the survey.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4199" NEWID="15216">
+<DATE> 8-APR-1987 14:04:30.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2094&#31;reute
+r f BC-SOCAL-EDISON-&lt;SCE>-SI   04-08 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCAL EDISON &lt;SCE> SIGNS HOOVER DAM POWER PACT</TITLE>
+<DATELINE>    ROSEMEAD, Calif., April 8 - </DATELINE><BODY>Southern California Edison said
+it signed a 30-year contract with the federal government for
+hydroelectric power from Hoover Dam.
+    Southern California Edison said it would receive some 277.5
+megawatts of electrical power under the contract, enough to
+serve about 160,000 homes.
+    Terms of the contract were not disclosed.
+    The original 50-year contracts for Hoover Dam hydroelectric
+power are scheduled to expire at the end of May, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4200" NEWID="15217">
+<DATE> 8-APR-1987 14:04:59.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2098&#31;reute
+d f BC-SPIE-BATIGNOLLES-COUL   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPIE BATIGNOLLES COULD INCREASE COMSTOCK HOLDING</TITLE>
+<DATELINE>    PARIS, April 8 - </DATELINE><BODY>Construction group &lt;Spie Batignolles> is
+negotiating to increase its holding in U.S. Engineering and
+electrical installations firm &lt;Comstock>.
+    Spie Batignolles, a subsidiary of Schneider SA &lt;SCHN.PA>,
+said in a statement it was negotiating to invest 20 mln dlrs in
+Comstock in the form of bonds convertible into shares.
+    Spie Batignolles has held a 20 pct stake in Comstock since
+February 1986. A spokesman said if Spie Batignolles converted
+all the new bonds, it could open the way for the French company
+to take control of Comstock but he gave no other details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4201" NEWID="15218">
+<DATE> 8-APR-1987 14:06:43.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2103&#31;reute
+u f BC-GENERAL-MOTORS-&lt;GM>-S   04-08 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MOTORS &lt;GM> SETS SHUTDOWN DATES</TITLE>
+<DATELINE>    DETROIT, April 8 - </DATELINE><BODY>General Motors Corp said it set dates to
+shut down two of its truck and bus facilities that had been
+slated for closure.
+    General Motors said its number one line at its Flint,
+Mich., truck and bus assembly plant will be closed May 29. The
+company said the closing was in line with its announcement last
+November that it would close 11 plants. At that time, General
+Motors said the line would be closed "by August."
+    At Flint, "layoffs could reach 2,000," the automaker said.
+Some 1,400 workers on the line will be transferred to other
+locations or put in a job placement program. The second line at
+the plant is not affected.
+    General Motors also said it will close the truck and bus
+plant in St. Louis on August seven.
+    General Motors did not specify how many of the 2,200
+workers at the facility would be laid off, but said "many of
+those employees will be transferring toother General Motors
+operations in the area."
+    In the automaker's previous announcement, it said the
+facility would be closed by "mid-1987."
+    General Motors said the full-size pickup trucks currently
+being built of Flint's Line One are being replaced by a new
+full-size pickup truck being assembled at Fort Wayne, Ind., and
+at renovated plants in Pontiac, Mich., and Oshawa, Ont.
+    The St. Louis plant makes full-size pickup trucks,
+including crew cab models. The production is being phased out
+as the Fort Wayne, Pontiac and Oshawa plant begin to produce
+General Motors' new redesigned 1988 full-size pickup. Crew cab
+truck output is being shifted to Janesvile, Wis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4202" NEWID="15219">
+<DATE> 8-APR-1987 14:07:50.81</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>itc</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2107&#31;reute
+u f BC-TALKS-CONTINUE-ON-TIN   04-08 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKS CONTINUE ON TIN AGREEMENT EXTENSION</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Discussions on the possible extension of
+the sixth International Tin Agreement (ITA) began at the
+quarterly session of the International Tin Council (ITC) but
+the Council is still waiting for decisions from various member
+states.
+    A number of producer governments in particular have not
+decided their final position on whether the ITA should be
+extended for up to two years or wound down after it expires on
+June 30, according to delegate sources.
+    Earlier today European Community (EC) members decided to
+back an extension, with the exception of Britain, which
+undertook to communicate its decision to its EC partners later.
+    Delegates said it could be Friday before all the member
+countries declare their positions on the possible extension.
+Today's full Council session started shortly before 1500 GMT
+after the scheduled 1330 start was delayed by an EC
+coordination meeting.
+    The council reconvenes at 0930 GMT tomorrow, although
+delegates said the morning is likely to be taken up with minor
+technical matters and the main issue will probably not be
+discussed before the afternoon session.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4203" NEWID="15220">
+<DATE> 8-APR-1987 14:08:02.04</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2108&#31;reute
+u f BC-PAKISTAN-COTTON-CROP   04-08 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN COTTON CROP SEEN RECORD 7.6 MLN BALES</TITLE>
+<DATELINE>    KARACHI, April 8 - </DATELINE><BODY>Pakistan is likely to produce a record
+7.6 mln bales (375 lbs each) of cotton from the current 1986/87
+crop, exceeding a target of 7.2 mln bales, Food and Agriculture
+Minister Mohammad Ibrahim Baluch said.
+    He told a Pakistan Central Cotton Committee meeting here
+the present was the third consecutive poroduction
+record-setting year and said the momentum would be accelerated
+in the future, the official APP news agency reported.
+    Baluch said indications were that Pakistan is to attain a
+record cotton production of 7.6 mln bales, compared to the
+1985/86 crop of 7.2 mln bales which also represented the target
+earlier set by authorities for this year's production.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4204" NEWID="15221">
+<DATE> 8-APR-1987 14:08:24.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2110&#31;reute
+d f BC-TRANZONIC-COS-&lt;TNZ>-4   04-08 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANZONIC COS &lt;TNZ> 4TH QTR FEB 28 NET</TITLE>
+<DATELINE>    CLEVELAND, April 8 -
+    </DATELINE><BODY>Shr 54 cts vs 24 cts
+    Net 633,300 vs 300,859
+    Sales 15.2 mln vs 13.0 mln
+    Avg shrs 1,165,047 vs 1,224,982
+    Year
+    Shr two dlrs vs 1.64 dlrs
+    Net 2,379,400 vs 2,011,924
+    Sales 58.6 mln vs 54.0 mln
+    Avg shrs 1,187,828 vs 1,223,511
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4205" NEWID="15222">
+<DATE> 8-APR-1987 14:11:21.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2119&#31;reute
+b f BC-******SECURITY-PACIFI   04-08 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SECURITY PACIFIC EXPECTS BRAZIL LOAN ACTION TO CUT NET BY 7.2 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4206" NEWID="15223">
+<DATE> 8-APR-1987 14:12:07.22</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2121&#31;reute
+b f AM-TRADE-AMERICAN 1STLD  04-08 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE SAYS JAPANESE TARRIFFS LIKELY</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The White House said high U.S.
+Tariffs on Japanese electronic goods would likely be imposed as
+scheduled on April 17, despite an all-out effort by Japan to
+avoid them.
+    Presidential spokesman Marlin Fitzwater made the remark one
+day before U.S. And Japanese officials are to meet under the
+emergency provisions of a July 1986 semiconductor pact to
+discuss trade and the punitive tariffs.
+    Fitzwater said: "I would say Japan is applying the
+full-court press...They certainly are putting both feet forward
+in terms of explaining their position." But he added that "all
+indications are they (the tariffs) will take effect."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4489" NEWID="15224">
+<DATE> 8-APR-1987 14:18:00.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2130&#31;reute
+u f AM-COMMUNITY-FARM   04-08 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC PLANS FOR CASH PAYMENTS TO FARMERS IMPEDED</TITLE>
+<DATELINE>    STRASBOURG, France, April 8 - </DATELINE><BODY>Controversial plans to pay
+Western Europe's surplus-producing farmers generous cash grants
+to leave the land ran into problems at today's weekly meeting
+of the European Community (EC) Commission, officials said.
+    They said the 17-member Commission, which effectively runs
+the Community on a day-to-day basis, appeared divided over the
+proposals which some people argue could lead to national
+capitals having too much say in EC farm policies.
+    EC Farm Commissioner Frans Andriessen is proposing paying
+farmers as much as 2,800 dlrs a year over five years to leave
+the land. EC member states would be permitted to top up
+payments to the poorest farmers to 80 pct of the average
+national farm income.
+    The package would also include an early retirement scheme,
+details of which have yet to be unveiled.
+    Andriessen's aim is to make a restrictive price policy --
+the centre-piece of a current battle to curb unwanted food
+production -- more acceptable to countries with large farming
+communities.
+    With two-thirds of the EC's entire 39 billion dlr budget
+swallowed up by EC farm supports, he argues that in the
+long-run the payments would lead to considerable savings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4208" NEWID="15225">
+<DATE> 8-APR-1987 14:19:20.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2135&#31;reute
+d f BC-ELECTROSPACE-&lt;ELE>-WI   04-08 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROSPACE &lt;ELE> WINS U.S. DEFENSE CONTRACTS</TITLE>
+<DATELINE>    RICHARDSON, Texas, April 8 - </DATELINE><BODY>Electrospace Systems Inc said
+it won two follow up contracts from the U.S. Defense
+Communications Agency worth 10.7 mln dlrs.
+    The company said the three year contracts are for
+scientific and technical support at the Center for Command and
+Control Communications systems. The company has provided the
+services since 1972.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4490" NEWID="15226">
+<DATE> 8-APR-1987 14:19:32.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2136&#31;reute
+u f BC-SHOWBOAT-&lt;SBO>-TO-TAK   04-08 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHOWBOAT &lt;SBO> TO TAKE CHARGE, SEES 3RD QTR LOSS</TITLE>
+<DATELINE>    ATLANTIC CITY, N.J., April 8 - </DATELINE><BODY>Showboat Inc will take a
+charge of 19 to 20 mln dlrs pretax against results for the
+third quarter ended March 31, director and assistant to the
+president J. Kell Houssels III told Reuters.
+    He said the charge results from pre-operating expenses of
+its recently-opened Atlantic City, N.J., Showboat Hotel, Casino
+and Bowling Center and will cause a loss for the third quarter
+and probably for all of fiscal 1987 as well.
+    But Houssels said Showboat's earnings for fiscal 1988
+should show a sharp increase from fiscal 1986 levels due to the
+contribution of the new Atlantic City facility.
+    Showboat earned 1,753,000 dlrs in last year's third
+quarter.  For all of fiscal 1986 it earned 5,769,000 dlrs.
+    Houssels said Showboat since the opening of the Atlantic
+City hotel/casino, Showboat has had to start charging interest
+expenses connected with debt it sold to finance the facility
+directly against income rather than capitalizing the interest
+as it had been able to do previously.
+    Showboat opened the hotel during its third quarter and
+gaming began last Thursday on a regular basis after test gaming
+was completed earlier in the week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4491" NEWID="15227">
+<DATE> 8-APR-1987 14:23:05.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2142&#31;reute
+u f BC-SECURITY-PACIFIC-&lt;SPC   04-08 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC &lt;SPC> LOANS PUT ON NON-ACCRUAL</TITLE>
+<DATELINE>    LOS ANGELES, April 8 - </DATELINE><BODY>Security Pacific Corp said it is
+placing medium and long-term loans to Brazil and Ecuador on a
+non-accrual basis as of March 31, a move that will reduce first
+quarter earnings by 7.2 mln dlrs, or nine cts per share, after
+taxes.
+    Despite the anticipated reduction to quarterly earnings,
+Security Pacific said it still expects to report first quarter
+earnings higher than the 88 mln dlrs, or 1.11 dlrs per share
+reported for the first quarter of 1986.
+    The bank holding company said the action affects 401 mln
+dlrs of loans to Brazil and 73 mln of loans to Ecuador.
+    Brazil suspended interest payments on its 68 billion dlrs
+of medium- and long-term debt on February 20.
+    Ecuador, which has foreign debt of roughly eight billion
+dlrs, has not paid any interest to foreign banks since
+February.
+    In March Ecuador said it would suspend interest payments
+for the rest of the year because of an earthquake which halted
+the export of oil, which accounts for about 75 pct the
+country's export revenues.
+    In its announcement, Security Pacific said it will record
+interest income only as it is received in cash.
+    The company also said it believes that Brazil will reach an
+agreement with its banks and that interest payments will resume
+later in 1987.
+    The Brazilian negotiations resume on Friday in New York
+when Central Bank Governor Francisco Gros is expected to ask
+banks for a 90-day roll-over of some 9.5 billion dlrs of term
+debt that matures on April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4211" NEWID="15228">
+<DATE> 8-APR-1987 14:24:25.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2144&#31;reute
+u f BC-CONSERVATIVE-LEAD-DRO   04-08 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSERVATIVE LEAD DROPS IN NEW U.K. OPINION POLL</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>A British opinion poll showed the ruling
+Conservative party was still ahead of Labour and the
+Liberal-Social Democratic Alliance, but support appeared to be
+declining, raising the spectre of an inconclusive election
+result.
+    The Marplan poll, to be published in tomorrow's Guardian
+newspaper, showed support for the Conservative party stood at
+38 pct against 32 pct for Labour and 27 pct for the Alliance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4212" NEWID="15229">
+<DATE> 8-APR-1987 14:24:30.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2145&#31;reute
+f f BC-******GROUP-OF-FIVE-M   04-08 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GROUP OF FIVE MEETING CONCLUDES, LAWSON, STOLTENBERG DECLINE COMMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4492" NEWID="15230">
+<DATE> 8-APR-1987 14:25:27.74</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2147&#31;reute
+u f AM-GULF-IRAQ   04-08 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQI TROOPS REPORTED PUSHING BACK IRANIANS</TITLE>
+<DATELINE>    BAGHDAD, April 8 - </DATELINE><BODY>Iraq said today its troops were pushing
+Iranian forces out of positions they had initially occupied
+when they launched a new offensive near the southern port of
+Basra early yesterday.
+    A High Command communique said Iraqi troops had won a
+significant victory and were continuing to advance.
+    Iraq said it had foiled a three-pronged thrust some 10 km
+(six miles) from Basra, but admitted the Iranians had occupied
+ground held by the Mohammed al-Qassem unit, one of three
+divisions attacked.
+    The communique said Iranian Revolutionary Guards were under
+assault from warplanes, helicopter gunships, heavy artillery
+and tanks.
+    "Our forces are continuing their advance until they purge
+the last foothold" occupied by the Iranians, it said.
+    (Iran said its troops had killed or wounded more than 4,000
+Iraqis and were stabilising their new positions.)
+    The Baghdad communique said Iraqi planes also destroyed oil
+installations at Iran's southwestern Ahvaz field during a raid
+today. It denied an Iranian report that an Iraqi jet was shot
+down.
+    Iraq also reported a naval battle at the northern tip of
+the Gulf. Iraqi naval units and forces defending an offshore
+terminal sank six Iranian out of 28 Iranian boats attempting to
+attack an offshore terminal, the communique said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4214" NEWID="15231">
+<DATE> 8-APR-1987 14:28:44.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2155&#31;reute
+b f BC-***UAL-RISES-ON-RUMOR   04-08 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>UAL RISES ON RUMORS THAT CONISTON PARTNERS IS TAKING POSITION IN STOCK, TRADERS SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4215" NEWID="15232">
+<DATE> 8-APR-1987 14:31:00.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2158&#31;reute
+d f BC-ASHTON-TATE-&lt;TATE>-NA   04-08 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASHTON-TATE &lt;TATE> NAMES SENIOR SCIENTIST</TITLE>
+<DATELINE>    TORRANCE, Calif., April 8 - </DATELINE><BODY>Ashton-Tate Corp said it
+appointed Harry Wong to the newly created position of senior
+scientist.
+    Wong, formerly of the University of California's Lawrence
+Berkeley Laboratory, will provide technical direction in
+advanced database architectures and structured query language,
+SQL, a computer language.
+    The company also said it is acquiring technology to develop
+a future database product that incorporates SQL.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4216" NEWID="15233">
+<DATE> 8-APR-1987 14:32:40.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2166&#31;reute
+r f BC-GOLDEN-ENTERPRISES-IN   04-08 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDEN ENTERPRISES INC &lt;GLDC> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., April 8 -
+    </DATELINE><BODY>Shr 15 cts vs nine cts
+    Qtly div six cts vs six cts in prior qtr
+    Net 2,002,261 vs 1,168,638
+    Revs 29.2 mln vs 29.3 mln
+    Avg shrs 13.1 mln vs 13.0 mln
+    Nine mths
+    Shr 49 cts vs 36 cts
+    Net 6,404,536 vs 4,623,295
+    Revs 92.2 mln vs 88.2 mln
+    Avg shrs 13.1 mln vs 13.0 mln
+    NOTE: Dividend is payable April 30 to holders of record
+April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4217" NEWID="15234">
+<DATE> 8-APR-1987 14:33:37.00</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>stoltenberg</D><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2170&#31;reute
+b f BC-GROUP-OF-FIVE-MEETING   04-08 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP OF FIVE MEETING ENDS</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>A meeting of finance ministers and
+central bankers of the Group of Five ended after nearly three
+and a half hours.
+    West German Finance Minister Gerhard Stoltenberg and
+British Chancellor of the Exchequer Nigel Lawson declined to
+comment on the meeting as they emerged from the U.S. Treasury.
+    A European monetary official said the ministers of the
+Group of Seven countries would gather at about three p.m. local
+(1900 GMT) at the Treasury.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4218" NEWID="15235">
+<DATE> 8-APR-1987 14:35:55.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2178&#31;reute
+r f BC-SIEMENS-AG-UNIT-AND-N   04-08 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIEMENS AG UNIT AND NEC &lt;NIPNY> UNIT IN PACT</TITLE>
+<DATELINE>    BOCA RATON, Fla., April 8 - </DATELINE><BODY>Siemens Information Systems
+Inc, a unit of &lt;Siemens AG> of West Germany, has reached an
+agreement in principle with NEC America Inc, a unit of NEC Corp
+of Japan, allowing Siemens Information's Tel Plus
+Communications Inc subsidiary to continue distributing NEC's
+NEAX2400 Information Management System.
+    Siemens Information said the three year agreement will allow
+TPC to market all current and future NEAX2400 models over the
+contract's term.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4219" NEWID="15236">
+<DATE> 8-APR-1987 14:49:21.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2209&#31;reute
+d f BC-NASD-SETS-FILING-DEAD   04-08 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASD SETS FILING DEADLINES FOR BROKERS/DEALERS</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The National Association of
+Securities Dealers Inc said it set April 15 as the deadline for
+government securities brokers and dealers to submit
+applications for registration under new rules.
+    It said the rules apply to unregulated brokers and dealers,
+who must be registered with the Securities and Exchange
+Commission by July 25.
+    NASD said it could guarantee brokers and dealers would meet
+the July 25 deadline if it received application materials by
+April 15. After April 15, it said it will make every effort to
+meet the July 25 deadline, but could not guarantee it.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4220" NEWID="15237">
+<DATE> 8-APR-1987 14:53:17.91</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f2214&#31;reute
+u f BC-USDA-TO-PROPOSE-FOREI   04-08 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA TO PROPOSE FOREIGN MEAT INSPECTION RULE</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The U.S. Agriculture Department is
+preparing a proposal that would require all foreign meat
+products to be inspected at their point of arrival in the
+United States, a USDA official said.
+    Donald Houston, administrator of USDA's Food Safety and
+Inspection Service, FSIS, told a House Agriculture subcommittee
+USDA was developing a proposed change in regulations that would
+put an end to the current practice of permitting foreign meat
+products to be unloaded at one port and inspected at another
+port.
+    Houston said the requirement would be phased in over
+several years to "avoid disruptions and economic hardship."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4221" NEWID="15238">
+<DATE> 8-APR-1987 14:55:03.37</DATE>
+<TOPICS><D>crude</D><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2218&#31;reute
+d f BC-UNION-TEXAS-(ALD)-OIL   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION TEXAS OIL RESERVES DROPPED IN 1986</TITLE>
+<DATELINE>    HOUSTON, April 8 - </DATELINE><BODY>Union Texas Petroleum said its worldwide
+proved reserves fell to 511 mln barrels of oil equivalent at
+the end of 1986 from 555 mln barrels reported in 1985.
+    In its newly released annual report, Union Texas said it
+replaced about 71 pct of its production of 56 mln barrels of
+oil equivalent last year after taking into account the sale of
+27 mln barrels of U.S. reserves.
+    Union Texas, the nation's largest independent oil and gas
+producer based on revenues, is a privately-held company owned
+by Kohlberg Kravis Roberts and Co and Allied-Signal Inc &lt;ALD>.
+    The Houston-based company said it lost 57.5 mln dlrs on
+1.26 billion dlrs in sales last year, compared to profits of
+165 mln dlrs on 2.04 billion dlrs in sales in 1985.
+    Union Texas said it received an average of 13.35 dlrs per
+barrel for its international oil production and 2.99 dlrs per
+mcf for its foreign natural gas sales. The majority of the
+company's total energy production is in the United Kingdom,
+Indonesia and Pakistan.
+    In the United States, Union Texas said it completed
+evaluation work on its oil find in Alaska's Colville Delta
+area.
+    "Although significant oil reserves were confirmed,
+development of this discovery will not be economical without
+substantially higher prices," the company said.
+    Union Texas said it planned to spend about 42 mln dlrs over
+the next two years to develop its Eugene Island Block 371 in
+the Gulf of Mexico.
+    In 1987, the company said it budgeted 178 mln dlrs for
+capital spending, less than half of the amount spent in 1985
+and down from 199 mln dlrs budgeted last year. Union Texas also
+said it would seek acquisitions of oil and gas properties as
+well as petrochemical-related businesses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4494" NEWID="15239">
+<DATE> 8-APR-1987 14:56:04.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2220&#31;reute
+u f BC-UAL-&lt;UAL>-MAY-RESPOND   04-08 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL &lt;UAL> MAY RESPOND TO PILOTS TODAY</TITLE>
+<DATELINE>    New York, April 8 - </DATELINE><BODY>UAL Inc may have a response this
+afternoon to the pilots union proposal to buy its United
+Airlines unit, a UAL spokesman said.
+    "Obviously, we have a lot of movement in our stock, and we
+need to get a clarification out," the spokesman said, adding
+that there was a "50-50" chance a statement would be released
+today.
+    The pilots earlier this week offered to buy the airline for
+2.3 billion dlrs, and assume 2.2 billion dlrs of existing debt.
+    Takeover speculation has driven UAL's stock for several
+weeks. UAL last month said New York Real estate developer
+Donald Trump held a position in its stock, and that he also
+held discussions with its chairman.
+    The developer indicated in those talks that he took the
+position as an investment, but he revealed no other plans.
+    Today, rumors circulated that Coniston Partners were buying
+UAL stock. UAL jumped five to 70-3/4 on volume of more than 3.2
+mln shares.
+    "United has got to consider this proposal. I think the
+pilot's proposal is realistic. I don't exptect them to take it,
+but it could put some interesting options in front of UAL
+management," said Timothy Pettee, Bear Stearns and co analyst.
+    Analysts have said UAL made itself vulnerable to attack
+when it diversified away from its core airline. It added Hertz
+rental cars, Westin and Hilton International hotels in a
+strategy to become a travel service company.
+    The strategy left its stock in a slump and its pilots union
+concerned that the company was not focussing enough attention
+on its airline.
+    UAL has stood firm on its strategy. It is emphasizing its
+new focus by changing its name to Allegis, as of May one.
+    But takeover speculation has escalated, and Wall Street has
+been busy calculating break up values well in excess of 100
+dlrs per share. Traders today described the buying in UAL as
+widespread, indicative to them that big institutions believe
+the stock is in play.
+    Market sources have said that although Trump attracted
+attention to the stock, the pilots proposal acted as a
+catalyst, kicking off a new round of speculation and perhaps
+throwing the company into the hands of another buyer.
+    "The first domino is you have an investor with a
+considerable stake. the second domino is the union. That type
+of attitude has been a precursor to airline deals in the past,"
+said Pettee.
+    "What's interesting is the values are there. There's
+something for everybody," he said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4223" NEWID="15240">
+<DATE> 8-APR-1987 15:02:11.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2230&#31;reute
+d f BC-HARTMARX-&lt;HMX>-TARGET   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARTMARX &lt;HMX> TARGETS EARNINGS GROWTH</TITLE>
+<DATELINE>    CHICAGO, April 8 - </DATELINE><BODY>Hartmarx Corp, following a year of
+restructuring, continues to target record earnings for fiscal
+1987, Chairman John Meinert told the annual meeting.
+    Meinert reiterated an earlier comment that earnings for the
+remainder of the year must double the 1986 level to meet that
+goal. In fiscal 1986, ended November 30, 1986, Hartmarx
+reported earnings of 24.8 mln dlrs, or 1.20 dlrs a share, down
+from the prior year's 42.7 mln dlrs, or 2.25 dlrs a share.
+    The 110-year-old apparel manufacturer recently posted
+first-quarter earnings of 54 cts a share, up from 40 cts a year
+ago.
+    Meinert told shareholders Hartmarx has no plans to sell any
+of its divisions. He added, "We have the financial capacity to
+take advantage of acquisitions."
+    In 1987, Meinert said the company will open five new and 10
+redesigned Kuppenheimer direct-to-consumer stores in Atlanta,
+Detroit, St. Louis, Washington, D.C. and San Francisco.
+    He said the company's women's apparel continues to grow,
+and Hartmarx has on the drawing board a Briar concept store
+which will feature ties, shirts and some tailored clothing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4224" NEWID="15241">
+<DATE> 8-APR-1987 15:02:27.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2231&#31;reute
+u f BC-SALOMON-&lt;SB>-SEES-MOR   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON &lt;SB> SEES MORE STOCK GAINS WORLDWIDE</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Analysts at Salomon Brothers Inc say
+the outlook for stock markets worldwide is postivie, although
+total returns in the U.S. stock market are not expected to
+exceed 10 pct over the next 12 months.
+    The report by Robert Salomon Jr and Caroline Davenport said
+that after a strong first quarter, which saw U.S. stock market
+indices rise more than 20 pct, the direction of the market is
+still upward because slower economic growth will stretch out
+the recovery period. The firm expects profits for companies in
+the Standard and Poor's 500 stock index to rise 17 pct in 1987
+and 18 pct in 1988. 
+    The bullish global outlook is underpinned by continued but
+subdued economic growth, fiscal restraint, good liquidity and
+increasing profits, Salomon said.
+    The Salomon analysts say potential risks which must be
+monitored include any shift toward protectionism and foreign
+buying of U.S. stocks particularly by the Japanese. "A sharp
+run-up in stock prices in secondary stocks" would be a warning
+sign, as would a big increase in enthusiasm for the initial
+public offering market," Salomon said.
+    Salomon said global diversification of equity markets has
+reached a new peak.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4225" NEWID="15242">
+<DATE> 8-APR-1987 15:03:03.51</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2235&#31;reute
+f f BC-******FED'S-HELLER-SE   04-08 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S HELLER SEES RETURN TO SLOWER MONEY SUPPLY GROWTH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4226" NEWID="15243">
+<DATE> 8-APR-1987 15:03:07.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2236&#31;reute
+f f BC-******GENERAL-ELECTRI   04-08 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL ELECTRIC CO 1ST QTR SHR 1.37 DLRS VS 1.18 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4227" NEWID="15244">
+<DATE> 8-APR-1987 15:04:59.32</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>ghana</D><D>iran</D></PLACES>
+<PEOPLE><D>aqazadeh</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2245&#31;reute
+d f AM-IRAN-GHANA   04-08 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GHANA TO BUY CRUDE OIL FROM IRAN</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Ghana will import 15,000 tonnes of crude
+oil annually from Iran under an agreement reached in Tehran
+today, the Iranian news agency IRNA reported.
+    The agency, received in London, said the accord was reached
+between Iranian Oil Minister Gholamreza Aqazadeh and a visiting
+Ghanaian delegation headed by Foreign Minister Obed Asamoah.
+    IRNA said that under the agreement, Iran will also provide
+technical and scientific assistance in manpower training and
+oil exploitation, production and refining.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4497" NEWID="15245">
+<DATE> 8-APR-1987 15:05:31.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2246&#31;reute
+r f BC-NEW-HAMPSHIRE-YANKEE   04-08 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW HAMPSHIRE YANKEE TO SUBMIT EMERGENCY PLANS</TITLE>
+<DATELINE>    MANCHESTER, N.H., April 8 - </DATELINE><BODY>&lt;New Hampshire Yankee> said it
+will submit to the Nuclear Regulatory Commission emergency
+response plans for the six Massachusetts communities within a
+10-mile radius of the Seabrook Station.
+    New Hampshire Yankee, a consortium of utility companies,
+said it is filing the plans because it claimed Massachusetts
+refuses to cooperate with it in emergency planning.
+    It said the 26-volume emergency plan was originally
+prepared for Massachusetts by the state Civil Defense Agency
+and emergency planning consultants.
+    New Hampshire Yankee said submitting the plans was done in
+an effort to keep the Seabrook licensing process moving
+forward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4229" NEWID="15246">
+<DATE> 8-APR-1987 15:06:29.65</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2249&#31;reute
+b f BC-/FED'S-HELLER-SAYS-MO   04-08 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S HELLER SAYS MONETARY GROWTH TO BE SLOWER</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Robert Heller, a member of the
+Federal Reserve Board, said he expects "more modest levels" of
+growth in the money supply this year.
+    "In my view, this would not only be a logical, but also a
+most desireable development," he said in a speech prepared for
+delivery to an economic forum at Chapman College in Orange,
+Calif.
+    A text was released in Washington.
+    He said the effect of lower inflation and financial
+deregulation on monetary aggregates was now largely finished.
+    "Consequently, monetary growth may return to more modest
+levels," Heller said. He noted growth in the money supply slowed
+after mid-January.
+    "I would not be surprised at all if the monetary aggregates
+were to grow rather slowly during the balance of the year as
+well," he added.
+    Heller said there was a danger of renewed price inflation.
+    "The pricing behavior of American producers in response to
+price increases of their foreign competitors will be crucial
+for our economic future," he said.
+    Widespread domestic price rises in response to rising
+import prices would "generalize the inflationary forces
+emanating from the foreign trade sector" and might not gain more
+market share for U.S. producers.
+    "A return to the stagflation of the late 1970s may well be
+the result of such a behavior pattern," Heller warned.
+    He said "we at the Federal Reserve will have to be
+disciplined in our conduct of monetary policy." 
+    Heller said said the government should also exercise fiscal
+discipline and cut the deficit by spending restraint rather
+than new taxes.
+    "The imposition of new taxes would tend to rekindle
+inflation and certainly would not make us more competitive in
+international markets," Heller said.
+    He said the U.S. economy should expand by nearly three pct
+during 1987, aided by higher exports to Europe and Canada.
+    A free trade agreement currently being negotiated with
+Canada "would be exceedingly helpful in allowing American
+producers to compete more effectively in that country," Heller
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4230" NEWID="15247">
+<DATE> 8-APR-1987 15:08:22.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2255&#31;reute
+u f BC-/GENERAL-ELECTRIC-CO   04-08 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC CO &lt;GE> 1ST QTR NET</TITLE>
+<DATELINE>    FAIRFIELD, Conn., April 8 -
+    </DATELINE><BODY>Shr 1.37 dlrs vs 1.18 dlrs
+    Net 624 mln vs 537 mln
+    Sales 8.32 billion vs 5.88 billion
+    NOTE: Prior year does not include results of RCA Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4231" NEWID="15248">
+<DATE> 8-APR-1987 15:09:02.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2256&#31;reute
+f f BC-****CHRYSLER,-RENAULT   04-08 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+****<TITLE>CHRYSLER, RENAULT EXTEND BY UP TO 2 WEEKS TIME FOR AMERICAN MOTORS ACCORD
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4499" NEWID="15249">
+<DATE> 8-APR-1987 15:13:12.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2267&#31;reute
+h f BC-&lt;NSA-INC>-OFFERS-TO-R   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NSA INC> OFFERS TO REPURCHASE OWN SHARES</TITLE>
+<DATELINE>    CHERRY HILL, N.J., April 8 - </DATELINE><BODY>NSA Inc said, in an attempt to
+go private and repurchase its shares, it is offering to
+exchange a five year subordinated investment note for each
+share held by shareholders with more than 600 shares.
+    NSA said the investment note will carry a face value of one
+dlr and will pay five annual principal installments, as well as
+quarterly interest payments on the outstanding principal amount
+at an eight pct annual rate.
+    NSA added that for shareholders with less than 600 shares
+it is offering to purchase their shares for cash at one dlr per
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4233" NEWID="15250">
+<DATE> 8-APR-1987 15:13:26.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2268&#31;reute
+r f BC-ENERGY-DEVELOPMENT-&lt;E   04-08 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY DEVELOPMENT &lt;EDP> HAD YEAR LOSS</TITLE>
+<DATELINE>    LOS ANGELES, April 8 - </DATELINE><BODY>Energy Development Partners Ltd said
+it had an operating loss for the year ended December 31 of 2.4
+mln dlrs, or 40 cts per share.
+    But it said a 41.5 mln dlr non-cash writeoff of oil and gas
+properties taken in the first quarter resulted in a net loss of
+43.9 mln dlrs, or 7.21 dlrs per share.
+    Energy Development Partners, is a limited partnership which
+began operating in September 1985.
+    Full year revenues totaled 23.7 mln dlrs, the company also
+said.
+    It said proved reserves at December 31 totaled 4.8 mln
+barrels of oil and 88 mln cubic feet of natural gas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4234" NEWID="15251">
+<DATE> 8-APR-1987 15:16:17.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2279&#31;reute
+r f BC-KAUFMAN-AND-BROAD-&lt;KB   04-08 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAUFMAN AND BROAD &lt;KB> FILE STOCK OFFER</TITLE>
+<DATELINE>    LOS ANGELES, April 8 - </DATELINE><BODY>Kaufman and Broad Inc said it
+registered with the Securities and Exchange Commission to offer
+up to two mln shares of common stock.
+    First Boston Corp and Merrill Lynch Capital Markets will be
+the underwriters for the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4235" NEWID="15252">
+<DATE> 8-APR-1987 15:16:21.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2280&#31;reute
+f f BC-******INDUSTRIAL-NATI   04-08 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>INDUSTRIAL NATIONS RECONVENE AT U.S. TREASURY FOR FURTHER TALKS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4236" NEWID="15253">
+<DATE> 8-APR-1987 15:21:56.07</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D><D>france</D><D>uk</D><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE><D>wilson</D><D>balladur</D><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2296&#31;reute
+b f BC-/INDUSTRIAL-NATIONS-R   04-08 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDUSTRIAL NATIONS RECONVENE FOR TALKS</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Financial ministers and central
+bankers of leading industrial nations reconvened here this
+afternoon.
+    Canadian Finance Minister Michael Wilson said on entering
+the meeting the ministers would review the Paris agreement.
+Asked if he was satisfied with West German and Japanese
+stimulus, Wilson replied, "They could do a little more."
+    French Finance Minister Edouard Balladur, meanwhile,
+confirmed there would be a communique at the end of the
+meeting.
+    Finance ministers and central bankers of Britain, FRance,
+Canada and West Germany were seen by Reuter correspondents
+returning to a Treasury building.
+    Japanese officials and Bundesbank President Karl Otto Poehl
+did not appear to have left the building at the end of earlier
+Group of Five talks which broke up around 2 p.m. local time
+(1800 gmt).
+    There was no sign, however, of the Italian delegation whose
+position was thrown into question this morning by the
+resignation of the Christian Democratic wing of Italy's
+Socialist-led government.
+    European monetary officials said later that the Italian
+delegation was inside the building.
+    This meant that a full blown meeting of the Group of Seven
+was in progress.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4501" NEWID="15254">
+<DATE> 8-APR-1987 15:22:24.60</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f2297&#31;reute
+u f BC-U.S.-MEAT,-POULTRY-IN   04-08 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MEAT, POULTRY INSPECTION CALLED FAULTY</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The U.S. meat and poultry inspection
+programs are incapable of protecting consumers from
+contaminated products, groups representing inspectors and
+consumers charged.
+    "The whole trend of inspection for the last 10 years has
+been to corrupt and to degrade the system where today the
+public is at constant risk to contaminated and adulterated
+meat," Kenneth Blaylock, president of the American Federation of
+Government Employees, told a House Agriculture subcommittee.
+    "The American consumer has little reason to feel confident
+about the safety of meat and poultry being offered to him
+today," said Rodney Leonard, executive director of the Community
+Nutrition Institute.
+    "Company management is less concerned about the risk to
+health than about raising plant output and company profits,"
+Leonard told a hearing of the House Agriculture Subcommittee on
+Livestock, Dairy and Poultry.
+    Kenneth Morrison, staff associate at the Government
+Accountability Project, said inspectors consistently disclose
+violations of federal law, demonstrating a "serious breakdown in
+the entire inspection system."
+    Morrison told of chicken fat for flavoring being
+contaminated by "intestines dragging in a water trough used to
+flush away the condemned product, fecal material, human spit,
+chewing gum and paper towels used by plant employees to blow
+their noses."
+    Donald Houston, administrator of the U.S. Agriculture
+Department's Food Safety and Inspection Service, FSIS, defended
+the government's program, calling it "one of the most respected
+public health programs in the world."
+    FSIS inspects an estimated 127 mln head of cattle and 4.5
+billion chicken and turkeys every year.
+    Houston said inspection programs have kept pace with
+change, but conceded that the danger of chemical residues in
+the meat and poultry supply has increased.
+    He also said that, although he was confident the bacterium
+salmonella eventually could be eradicated, it would take time
+and much money to contain the growing problem.
+    Salmonella, which in extreme cases can cause death, is
+found in approximately 37 pct of U.S. broilers, 12 pct of raw
+pork and three to five pct of raw beef, Houston said.
+    The number of reported cases has doubled over the past 20
+years, he said, to 40,000 cases annually.
+    "We certainly really have not found an effective means of
+turning this disease around," said Rep. James Olin (D-Va.)
+    The National Research Council recommended in 1985 that FSIS
+intensify efforts to develop rapid diagnostic procedures for
+detecting microoganisms.
+    But the meat and poultry industries have said such controls
+would cost too much.
+    "Hopefully we will not overreact by installing unnecessarily
+complicated procedures that may become obstacles to the real
+goal of providing an increasingly safer, more nutritious and
+economical meat supply for consumers," Stanley Emerling,
+executive vice president of the National Association of Meat
+Purveyors, said.
+    Blaylock, speaking on behalf of food inspectors, said a new
+program allowing elimination of USDA inspection functions at
+certain plants "voids the law in letter and spirit, and must be
+repealed or we will see rising consumer fraud and an epidemic
+of death and illness for which there will be no prevention nor
+legal recourse."
+    Subcommittee Chairman Charles Stenholm (D-Tex.) said the
+panel would hold a hearing on salmonella June 2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4502" NEWID="15255">
+<DATE> 8-APR-1987 15:24:13.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2305&#31;reute
+b f BC-CHRYSLER-&lt;C>-RENAULT   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> RENAULT DELAY AM MOTORS &lt;AMO> PACT</TITLE>
+<DATELINE>    DETROIT, April 8 - </DATELINE><BODY>Chrysler Corp and Regie Natiionale des
+Usines Renault said they agreed to extend by up to two weeks
+the period for reaching definitive agreement on Chrysler's
+proposed 1.5 billion dlr takeover of American Motors Corp.
+    The letter of intent signed by Chrysler and Renault on
+March nine set April nine as the target date for completing
+negotiations.
+    However, the letter also allowed room for an extension of
+that date to April 23 if an agreement could not be reached.
+    The two companies said they "now plan to complete work by
+April 23."
+    Chrysler and Renault said, "Given the complex nature of the
+deal, the need for additional time was to be expected."
+    The March letter of intent between the two companies says
+that Chrysler could ask Renault to extend the agreement date
+"in the event that prior to April 9, 1987, Chrysler discovers
+an unforeseen problem in the course of its 'due diligence'
+investigation of the company," referring to American Motors.
+    A Chrysler spokeswoman would not say whether some problem
+had cropped up in the talks. She stuck by the company's
+statement that more time was needed because the talks are
+complex. "That is our definition of the delay," she said.
+    Under the previous agreement between Chrysler and Renault,
+their letter of intent would be terminated on April nine or
+when an agreement was reached. But the letter could be amendend
+by a written agreement by both companies.
+    The Chrysler spokeswoman said, "We are still working toward
+a definitive agreement." Said another Chrysler official who is
+not part of the talks but who would be told if the deal were in
+trouble: "There are no glitches."
+    Analysts also downplayed the significance of the delay. "I
+can't visualize where they wouldn't want it to be done," said
+Donaldson Lufkin Jenrette analyst Richard Henderson.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4239" NEWID="15256">
+<DATE> 8-APR-1987 15:24:21.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2306&#31;reute
+f f BC-******GM-EXTENDS-CASH   04-08 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM EXTENDS CASH REBATES ON THREE CARS TO APRIL 30 FROM APRIL SIX
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4240" NEWID="15257">
+<DATE> 8-APR-1987 15:27:58.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2315&#31;reute
+r f BC-PERRY-DRUG-&lt;PDS>-MARC   04-08 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERRY DRUG &lt;PDS> MARCH SALES UP 9.3 PCT</TITLE>
+<DATELINE>    PONTIAC, MICH., April 8 - </DATELINE><BODY>Perry Drug Stores Inc said its
+March sales rose 9.3 pct to 60 mln dlrs from 55 mln dlrs in the
+same month a year ago.
+    Fiscal year-to-date (November through March) sales
+increased 15 pct to 300 mln dlrs from 261 mln dlrs in the
+comparable period of fiscal 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4241" NEWID="15258">
+<DATE> 8-APR-1987 15:28:24.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2318&#31;reute
+s f BC-RITE-AID-CORP-&lt;RAD>-S   04-08 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RITE AID CORP &lt;RAD> SETS DIVIDEND</TITLE>
+<DATELINE>    SHIREMANSTOWN, Pa., April 8 -
+    </DATELINE><BODY>Qtly div 16-1/2 cts vs 16-1/2 cts
+    Pay April 27
+    Record April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4242" NEWID="15259">
+<DATE> 8-APR-1987 15:28:49.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2319&#31;reute
+r f BC-AIRSENSORS-INC-&lt;ARSN>   04-08 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRSENSORS INC &lt;ARSN> 3RD QTR JAN 31 LOSS</TITLE>
+<DATELINE>    TUKWILA, Wash., April 8 -
+    </DATELINE><BODY>Shr loss five cts vs loss six cts
+    Net loss 696,777 vs loss 598,095
+    Sales 472,812 vs 41,454
+    Nine mths
+    Shr loss 15 cts vs loss 17 cts
+    Net loss 2,194,482 vs loss 1,751,884
+    Sales 800,336 vs 151,884
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4243" NEWID="15260">
+<DATE> 8-APR-1987 15:30:15.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2327&#31;reute
+r f BC-GULF-AND-WESTERN-&lt;GW>   04-08 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF AND WESTERN &lt;GW> REORGANIZES UNIT</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Gulf and Western Inc's Madison Square
+Garden Corp subsidiary said it has reorganized into three
+operating groups including two new groups.
+    The company said its MSG Sports group will continue to
+operate the New York Rangers National Hockey League team and
+the New York Knickerbockers National Basketball Association
+team.
+    It said the new MSG Facilities Development and Management
+Group will be responsible for all operating aspects of Madison
+Square Garden Center and for planning and operation of the
+planned new Madison Square Garden.
+    The company said its new MSG Entertainment Group will
+include the Madison Square Garden Network sport-oriented pay
+television operation, Madison Square Garden Event TV, which
+will produce specials and non-episodic programming for network
+television, pay television and first-run television
+syndication, and Madison Square Garden Productions, which will
+produce live entertainment including touring arena shows and
+concerts.
+    It said it expects the greatest growth from the MSG
+Entertainment Group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4244" NEWID="15261">
+<DATE> 8-APR-1987 15:31:09.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2331&#31;reute
+r f BC-trizec-completes-offe   04-08 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIZEC COMPLETES OFFERING</TITLE>
+<DATELINE>    CALGARY, Alberta, April 8 - </DATELINE><BODY>&lt;Trizec Corp Ltd> said it
+completed its previously announced 171.25 mln dlr share
+offering consisting of five mln Class A subordinated voting
+ordinary shares at 34.25 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4245" NEWID="15262">
+<DATE> 8-APR-1987 15:32:46.05</DATE>
+<TOPICS><D>trade</D><D>iron-steel</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2339&#31;reute
+b f BC-CANADA-PLANS-TO-MONIT   04-08 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA PLANS TO MONITOR STEEL IMPORTS, EXPORTS, TRADE MINISTER SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4504" NEWID="15263">
+<DATE> 8-APR-1987 15:34:05.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2349&#31;reute
+r f BC-GENERAL-ELECTRIC-&lt;GE>   04-08 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC &lt;GE> 1ST QTR HELPED BY RCA</TITLE>
+<DATELINE>    FAIRFIELD, Conn., April 8 - </DATELINE><BODY>General Electric Corp said its
+first quarter results were significantly higher due to the
+strong results of RCA, which was acquired last year.
+    General Electric also attibuted continued strong
+performances in plastics, major appliances and the Employers
+Reinsurance Corp for its strong quarter.
+    GE recorded net earnings for the first quarter 1987 of 624
+mln dlrs, or 1.37 dls per shr, up 16 pct from 537 mln dlrs, or
+1.18 dlrs per share for the same quarter a year ago.
+    General Electric chairman John Welch Jr reiterated the
+company's outlook for 1987 in which it expects double-digit GE
+earnings growth for the year. He said the first quarter results
+are in line with those expectations.
+    General Electric cited the strong results in TV network and
+station operations of the National Broadcasting Co, which was
+not part of GE in the first quarter of 1986, as one reason for
+its strong earnings.
+    It also noted that aircraft engine operating profit was
+much higher than a year ago, caused by a increase in shipments
+than the 1986 quarter, which was impacted by a strike.
+    Aerospace revenues were sharply higher in this year's first
+quarter from a year ago, mainly because of the inclusion of
+RCA's aerospace and defense business, the company said.
+    In addition, consumer products revenues were up from last
+year, mainly because of including sales of RCA video products.
+    General Electric said restructuring provisions of 308 mln
+dlrs before taxes to implement various strategic moves were
+charged against operations in the first quarter of 1987. It
+added that there was a one-time gain of 281 mlns dlrs after
+taxes from an inventory accounting change.
+    And technical products revenues and operating profit were
+ahead of last year, led by a strong increases in medical
+systems volume and the inclusion this year of RCA's
+communications and related services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4247" NEWID="15264">
+<DATE> 8-APR-1987 15:34:13.45</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2350&#31;reute
+r f BC-teck-still-in-talks   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECK STILL IN TALKS ON B.C. COPPER VENTURE</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, April 8 - </DATELINE><BODY>&lt;Teck Corp> said it
+was continuing talks about joining a joint copper venture at
+Highland Valley, British Columbia, held by affiliates Cominco
+Ltd &lt;CLT> and &lt;Lornex Mining Corp>, but did not know when
+negotiations would be completed.
+    Teck vice-president of administration John Guminski said in
+reply to a query that the talks had been "ongoing for a long
+time." He declined to speculate on the outcome.
+    Cominco, 29.5 pct owned by a consortium led by Teck, is
+optimistic that the talks will soon be concluded, spokesman Don
+Townson told Reuters.
+    "I think all partners are hopeful that the situation will be
+resolved," Cominco's Townson said.
+    "We're optimistic that they will be concluded shortly," he
+added. Townson declined to specify when the talks might end.
+    Cominco and Teck's 22 pct-owned Lornex agreed in January
+1986 to form the joint venture, merging their Highland Valley
+copper operations.
+    Cominco and Lornex share equally in control and management
+of the Highland Valley operations, while Cominco has a 55 pct
+share of production and Lornex receives 45 pct.
+    For the six months following July 1, 1986, when the venture
+officially started production, Highland Valley had total ore
+milled of 22.6 mln short tons, grading an average of 0.41 pct
+copper, Townson said.
+    Cominco's share of production was 43,000 short tons of
+copper contained in concentrate, 1,200 short tons of Molybdenum
+in concentrate, 340,000 ounces of silver and 800 ounces of
+gold, he said.
+    A consortium, 50 pct owned by Teck and 25 pct each by MIM
+(Canada) Inc and Metallgesellschaft Canada Ltd, acquired its
+Cominco stake last year from Canadian Pacific Ltd &lt;CP>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4248" NEWID="15265">
+<DATE> 8-APR-1987 15:34:16.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2351&#31;reute
+d f BC-BANPONCE-CORP-&lt;BDEP>   04-08 0019</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANPONCE CORP &lt;BDEP> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 8 -
+    </DATELINE><BODY>Shr 1.08 dlrs vs 1.00 dlr
+    Net 6,215,538 vs 5,757,013
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4249" NEWID="15266">
+<DATE> 8-APR-1987 15:37:00.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2360&#31;reute
+h f AM-AIRLINES   04-08 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRLINE FARE DISCLOSURE BILL PROPOSED IN SENATE</TITLE>
+<DATELINE>    WASHINGTON, April 8, Reuter - </DATELINE><BODY>Angered by late flights and
+complicated restrictions on discount air fares, a senator has
+introduced legislation to make airlines provide more details on
+fares and schedules in their advertisements.
+    Sen. Frank Lautenberg, the bill's sponsor, said airline ads
+now are often misleading because they do not give prospective
+passengers enough facts about discount fares.
+    "Air travelers are lured by low advertised fares which
+simply aren't available," the New Jersey Democrat said in a
+statement. "It's the old bait and switch."
+    Airline advertisements usually say discount seats are
+limited, but Lautenberg said more information was needed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4250" NEWID="15267">
+<DATE> 8-APR-1987 15:37:06.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>us-virgin-islands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2361&#31;reute
+r f BC-E.F.-HUTTON-&lt;EFH>-SET   04-08 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.F. HUTTON &lt;EFH> SETS FINANCES TELEPHONE DEAL</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>E.F. Hutton Group Inc said it is
+providing financing for the previously announced acquisition of
+&lt;Virgin Islands Telephone Co> by &lt;Atlantic Tele-Network Co>.
+    Terms of the financing were not disclosed.
+    Virgin Islands Telephone, which operates telephone systems
+in the U.S. Virgin Islands, handles about 1.5 mln local calls
+per week and one mln long-distance calls per month, the company
+said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4251" NEWID="15268">
+<DATE> 8-APR-1987 15:38:12.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2365&#31;reute
+r f BC-GENERAL-AUTOMATION-&lt;G   04-08 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL AUTOMATION &lt;GENA> SETS JOINT VENTURE</TITLE>
+<DATELINE>    ANAHEIM, Calif., April 8 - </DATELINE><BODY>General Automation Inc said it
+signed a joint venture with Madrid, Spain-based Ingenieria De
+Sistemas Electronics S.A.
+    The pact establishes General Automation Iberica S.A. as a
+local manufacturer and master distributor of General
+Automation's ZEBRA multi-user business systems in Spain and
+Portugal.
+    General Automation Iberica will be equally financed by
+General Automation and Ingenieria.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4252" NEWID="15269">
+<DATE> 8-APR-1987 15:39:01.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2368&#31;reute
+d f BC-MINNETONKA-&lt;MINL>-NOT   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNETONKA &lt;MINL> NOT PART OF UPJOHN &lt;UPJ> SUIT</TITLE>
+<DATELINE>    MINNETONKA, MINN., April 8 - </DATELINE><BODY>Minnetonka Inc said that
+neither its Foltene hair treatment nor its European supplier,
+Crinos Industria Farmacobiologica SpA, are named or involved in
+action filed by Upjohn Co.
+    Earlier today, Upjohn said it filed a complaint with the
+International Trade Commission requesting an investigation of
+infringement of its patent for the drug, Minoxidil, used in its
+treatment for baldness.
+    Minnetonka said it decided to make a statement to "dispell
+any association it may be involved" with the suit. Foltene does
+not use compositions of Minoxidil, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4506" NEWID="15270">
+<DATE> 8-APR-1987 15:39:33.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2372&#31;reute
+r f BC-XEBEC-&lt;XEBC>-TO-REPOR   04-08 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XEBEC &lt;XEBC> TO REPORT 2ND QTR LOSS</TITLE>
+<DATELINE>    LOS GATOS, Calif., April 8 - </DATELINE><BODY>Xebec Corp said it expects to
+report a loss for its second quarter ended April three, due
+principally to a decline in sales to International Business
+Machines Corp &lt;IBM>, the company's largest customer.
+    Xebec also said it expects revenues to total about 23 mln
+dlrs.
+    The company reported a second quarter loss last year of 1.9
+mln dlrs, or 14 cts per share, on 23.9 mln in revenues.
+    Xebec said IBM has historically accounted for about 50 pct
+of the company's revenues, but that total fell to 20 pct during
+the quarter just ended.
+    IBM had used Xebec's hard disk drive controller products in
+the IBM PC/XT, a product which IBM is phasing out.
+    Xebec said it intends to continue streamlining its
+operations in light of the loss of business.
+    The company also said it has already consolidated two of
+its plants in Nevada and it now plans to sell unused and
+surplus assets to provide additional liquidity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4254" NEWID="15271">
+<DATE> 8-APR-1987 15:39:56.00</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2373&#31;reute
+u f BC-/CCC-ACCEPTS-EXPORT-B   04-08 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS EXPORT BID FOR WHEAT FLOUR TO IRAQ</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The Commodity Credit Corporation has
+accepted a bid for an export bonus to cover a sale of 12,500
+tonnes of wheat flour to Iraq, the U.S. AGriculture Department
+said.
+    The bonus awarded was 113.0 dlrs per tonne and will be paid
+to Peavey Company in the form of commodities from CCC stocks.
+    The wheat flour is for delivery May 15-June 15, 1987, the
+department said.
+    An additional 162,500 tonnes of wheat flour are still
+available to Iraq under the Export Enhancement Program
+initiative announced January 7, 1987, USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4255" NEWID="15272">
+<DATE> 8-APR-1987 15:41:03.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2374&#31;reute
+u f BC-SAUDI-AMERICAN-BANK-O   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI AMERICAN BANK OPENS BRANCH IN LONDON</TITLE>
+<DATELINE>    LONDON, April 8 - </DATELINE><BODY>Saudi American Bank (SAMBA) will
+concentrate on treasury activities and be an active market
+maker in Saudi riyal foreign exchange through the new branch
+that opened here, Shaukat Aziz, SAMBA managing director said.
+    He told Reuters that SAMBA also will be active in corporate
+banking, correspondent banking and investment management. It
+also plans to develop trade financing between the Middle East
+and Europe and be active in the Eurocurrency and sterling
+deposit markets.
+    SAMBA is 40 pct owned by Citicorp of the U.S. And the
+balance is held by Saudi shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4256" NEWID="15273">
+<DATE> 8-APR-1987 15:42:21.53</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2377&#31;reute
+u f BC-EGYPT-AUTHORIZED-TO-B   04-08 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT AUTHORIZED TO BUY PL-480 WHEAT - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Egypt has been authorized to purchase
+about 200,000 tonnes of U.S. wheat under an existing PL-480
+agreement, the U.S. Agriculture Department said.
+    It may buy the wheat, valued at 22.0 mln dlrs, between
+April 15 and August 31, 1987, and ship it from U.S. ports by
+September 30, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4257" NEWID="15274">
+<DATE> 8-APR-1987 15:43:02.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2378&#31;reute
+d f BC-CATERPILLAR-&lt;CAT>-REA   04-08 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATERPILLAR &lt;CAT> REAFFIRMS FIRST QUARTER OUTLOOK</TITLE>
+<DATELINE>    PEORIA, ILL., April 8 - </DATELINE><BODY>Caterpillar Inc, in remarks
+delivered at its annual meeting in San Francisco, reiterated
+its expectation of a loss in the first quarter.
+    It said results would be hurt by a 25 mln dlr one-time
+charge by Caterpillar Mitsubishi, a 50-pct owned affiliate. The
+company said it expected profit from operations for the full
+year to improve over 1986.
+    In remarks prepared for delivery to shareholders, President
+Peter Donis said Caterpillar's targeted five pct cost reduction
+in 1987 "will be difficult to achieve because the weaker dollar
+has limited opportunities to obtain lower material costs."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4258" NEWID="15275">
+<DATE> 8-APR-1987 15:44:07.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f2379&#31;reute
+d f BC-INSPIRATION-RESOURCES   04-08 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSPIRATION RESOURCES VENTURE PLANS TO GO PUBLIC</TITLE>
+<DATELINE>    TORONTO, April 8 - </DATELINE><BODY>Mingold Resources, a newly formed gold
+company equally owned by Inspiration Resources Corp &lt;IRC> and
+&lt;Minorco Canada Ltd>, said it plans to be a publicly traded,
+self-financing gold mining company within three to four years.
+    Mingold currently manages Hudson Bay Gold Inc and Farley
+Gold Inc, both wholly owned units of Inspiration.
+    The company said Hudson Bay and Minorco have agreed to
+explore and, if warranted, to develop the Metalore gold
+property near Beardmore, Ontario, after Metalore satisfactorily
+settles an action filed against it by &lt;Ontex Resources Ltd>. A
+work program that includes drilling will begin shortly, Mingold
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4259" NEWID="15276">
+<DATE> 8-APR-1987 15:47:37.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2384&#31;reute
+u f BC-ZONDERVAN   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROKER BOOSTS ZONDERVAN &lt;ZOND> STAKE TO 7.1 PCT</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>An investor group headed by
+Minneapolis, Minn., broker Jeffrey Wendel said it raised its
+stake in Zondervan Corp to 292,900 shares, or 7.1 pct of the
+total outstanding, from 238,900 shares, or 5.8 pct.
+    In a filing with the Securities and Exchange Commission,
+the Wendel group said it bought 54,000 Zondervan common shares
+between March 24 and April 3 at prices ranging from 27.87 to
+29.96 dlrs a share.
+    The Wendel group has acted in cooperation with another
+shareholder group headed by London investor Christopher Moran,
+who sought unsuccessfully last year to take over Zondervan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4260" NEWID="15277">
+<DATE> 8-APR-1987 15:50:29.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2392&#31;reute
+r f BC-CORVUS-SYSTEMS-&lt;CRVS>   04-08 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORVUS SYSTEMS &lt;CRVS> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    SAN JOSE, Calif., April 8 - </DATELINE><BODY>Corvus Systems Inc said it
+named Lewis Lipton its president and chief operating officer.
+    Lipton had been consulting for Corvus for the past nine
+months and prior to that was the chief executive officer of
+Trimedia Corp.
+    He reports to James Siehl, who had been acting as president
+and continues as chief executive officer. Siehl was also named
+Chairman of the Board, which he had also been acting as.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4261" NEWID="15278">
+<DATE> 8-APR-1987 15:50:48.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2393&#31;reute
+r f BC-KIENA-TWO-FOR-ONE-SHA   04-08 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIENA TWO-FOR-ONE SHARE SPLIT APPROVED</TITLE>
+<DATELINE>    TORONTO, April 8 - </DATELINE><BODY>&lt;Kiena Gold Mines Ltd> said shareholders
+approved a previously reported proposed two-for-one common
+stock split.
+    Record date of the split will be April 21, Kiena said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4262" NEWID="15279">
+<DATE> 8-APR-1987 15:51:36.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2395&#31;reute
+r f BC-AMERICA-WEST-&lt;AWAL>-R   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICA WEST &lt;AWAL> REPORTS LOWER LOAD FACTOR</TITLE>
+<DATELINE>    PHOENIX, Ariz., April 8 - </DATELINE><BODY>America West Airlines Inc said
+its March load factor fell to 58.7 pct from 69.8 pct a year
+earlier and its year-to-date load factor dropped to 56.6 pct
+from 60.4 pct during the same period of 1986.
+    March revenue passenger miles rose to 422.1 mln from 280
+mln and year-to-date revenue miles were up to 1.15 billion from
+701.9 mln.
+    Available seat miles for the month increased to 719.2 mln
+from 401 mln and for the first three months of the year
+available miles totaled 2.04 billion, up from 1.16 billion
+during a same period a year earlier, America West said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4263" NEWID="15280">
+<DATE> 8-APR-1987 15:52:35.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2398&#31;reute
+d f BC-HANOVER-INSURANCE-&lt;HI   04-08 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANOVER INSURANCE &lt;HINS> RAISES DIVIDEND</TITLE>
+<DATELINE>    WORCESTER, Mass., April 8 - </DATELINE><BODY>Hanover Insurance Co said its
+board declared a quarterly dividend of nine cts per share
+payable May 15 to holders of record April 17.
+    The dividend comes after a two-for-one stock split,
+effective April 10, which was approved by shareholders today.
+    The company paid a dividend of 14 cts per share on a
+pre-split basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4264" NEWID="15281">
+<DATE> 8-APR-1987 15:53:17.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2401&#31;reute
+d f BC-DAY-INT'L-&lt;DAY>-TO-SE   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAY INT'L &lt;DAY> TO SELL UNIT</TITLE>
+<DATELINE>    DAYTON, Ohio, April 8 - </DATELINE><BODY>Day International Corp said it has
+entered into a letter of intent to sell its Allen Industries
+Inc unit to a group including the unit's current management.
+    Day said the sale could enable Day to accelerate its
+earnings for its current fiscal year ending October 31, 1987.
+    "Net earnings for the full year (ending October 31)
+should be in the ball park of some analysts' estimates of 16
+mln dlrs to 19 mln dlrs," Richard Jacob, Day chairman and chief
+executive officer said.
+    Day reported earnings of 3.1 mln dlrs, or 39 cts a share,
+in fiscal 1986.
+    Day said the agreement is subject to the preparation and
+negotiation of a definitive agreement and the ability of the
+group to obtain financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4265" NEWID="15282">
+<DATE> 8-APR-1987 15:54:04.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2404&#31;reute
+h f BC-KANSAS-POWER/LIGHT-&lt;K   04-08 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS POWER/LIGHT &lt;KAN> NAMES CHIEF EXECUTIVE</TITLE>
+<DATELINE>    TOPEKA, KAN., April 8 - </DATELINE><BODY>Kansas Power and Light Co said it
+named David Black as chief executive officer. It said he will
+succeed William Wall after the May Five annual meeting.
+    It said Black is the company's senior vice president, law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4266" NEWID="15283">
+<DATE> 8-APR-1987 15:54:31.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2408&#31;reute
+s f BC-RITE-AID-CORP-&lt;RAD>-S   04-08 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RITE AID CORP &lt;RAD> SETS QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    SHIREMANSTOWN, Pa., April 8 -
+    </DATELINE><BODY>Qtly div 16.5 cts vs 16.5 cts
+    Pay April 27
+    Record April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4267" NEWID="15284">
+<DATE> 8-APR-1987 15:54:55.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2409&#31;reute
+b f BC-SHULTZ-SAYS-"SHADOW"   04-08 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ SAYS "SHADOW" CAST OVER HIS USSR VISIT</TITLE>
+<DATELINE>    ****WASHINGTON, April 8 - </DATELINE><BODY>U.S. Secretary of State George
+Shultz said the Marines spy case had cast a "heavy shadow" over
+his scheduled talks in Moscow next week.
+    "Unfortunately, as is so often the case when we are in the
+midst of potentially promising discussions with the Soviets,
+the discussions take place in a difficult environment generated
+by their actions, and these things cast a heavy shadow on our
+discussions," he told reporters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4268" NEWID="15285">
+<DATE> 8-APR-1987 15:55:21.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2412&#31;reute
+f f BC-******GROUP-OF-24-CAL   04-08 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GROUP OF 24 CALLS FOR DEBT RELIEF AND "NEW ATTITUDE" BY BANKS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4509" NEWID="15286">
+<DATE> 8-APR-1987 15:57:01.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2413&#31;reute
+r f AM-AIRBUS   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRBUS SIGNS ACCORD ON CFM ENGINE FOR A340 PLANE</TITLE>
+<DATELINE>    PARIS, April 8 - </DATELINE><BODY>The European &lt;Airbus Industrie> consortium
+today formally signed an agreement with the Franco-U.S. Group
+&lt;CFM International> for an improved version of the CFM56-5
+engine to power the A340-200 and A340-300 aircraft, an Airbus
+statement said.
+    Airbus said yesterday that it chosen the CFM56-5-S3 engine,
+to be produced by &lt;General Electric> of the U.S. And &lt;SNECMA of
+France, because the &lt;International Aero Engine> (IAE) high
+technology superfan engine would not be ready by early 1992,
+when the A340 plane is due to become operational.
+    The five-nation IAE consortium has decided not to go ahead
+with the proposed launch of the superfan, a spokesman for
+consortium member &lt;Rolls-Royce Plc> said today, adding that the
+project had not been cancelled and could be offered later on.
+    Airbus said the CFM56-5-S3 will have a thrust of 30,600 lbs
+and an improved fuel burn of four per cent compared with the
+CFM56-5A1 which is now being operated on the A320 flight-test
+aircraft. It will be available for deliveries of the A340 in
+May 1992.
+    At the same time, the Airbus statement said Airbus
+Industrie and General Electric have concluded an accord for an
+improved version of the GE CF6-80C2 engine, with 64,000 lbs of
+thrust and a three per cent improvement in specific fuel
+consumption, to power the A330 aircraft which will be
+introduced in spring 1993.
+    "This continues the long-standing history of all Airbus
+launches being made with either GE or CFMI engines," Airbus
+Industrie president Jean Pierson said in the statement.
+    "Airbus Industrie has already worked with CFMI to launch one
+new aircraft programme - the A320 - in early 1984, and is happy
+to build on this relationship by launching the A340 with an
+improved version of the same engine," Pierson said.
+    Airbus Industrie said it has so far received a total of 128
+commitments for the A340 and A330 from nine customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4510" NEWID="15287">
+<DATE> 8-APR-1987 15:59:39.88</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>south-korea</D><D>china</D><D>argentina</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2418&#31;reute
+u f BC-SOUTH-KOREA-CORN-IMPO   04-08 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA CORN IMPORTS MAY INCREASE - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>South Korea's purchase of about 2.4
+mln tonnes of U.S. corn in the past six months -- close to
+double last year's total -- indicates that imports from the
+United States, as well as total imports are set for a dramatic
+jump, the U.S. Agriculture Department said.
+    In its World Production and Trade Report, the department
+said total South Korea corn imports for the 1986/87 season
+(Oct-Sept) are estimated at 4.3 mln tonnes, with about 3.4 mln
+tonnes from the United States.
+    During the 1985/86 season, imports totaled only 1.3 mln
+tonnes of U.S. corn out of a total of 3.6 mln tonnes.
+    Ite appears the Koreans are shifting back to U.S. corn in
+light of competitive U.S. prices and uncertain supplies from
+China, Argentina and South Africa, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4511" NEWID="15288">
+<DATE> 8-APR-1987 16:01:10.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2423&#31;reute
+u f BC-GROUP-OF-24-COUNTRIES   04-08 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP OF 24 COUNTRIES CALLS FOR DEBT RELIEF</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The Group of 24 developing countries
+said in a communique that some kind of debt relief is necessary
+and called for "a new attitude" on the part of the banks.
+    The communique, released in conjunction with the semiannual
+meetings of the International Monetary Fund and the World Bank,
+said the very low income countries needed a cancellation of
+debt to industrial countries, a conversion of part of their
+debt into grants and a rescheduling on concessional terms.
+    For some other countries, the communique said, the debt
+cannot be properly serviced if the countries are to grow at the
+same time.
+    "The debt overhang effects the capacity to grow as it
+reduces the ability to import," the communique said.
+    It added: "Some kind of debt relief and a new attitude on
+the part of the banks is necessary."
+    The communique added that debtor countries and banks have
+to explore new market mechanisms, debt into equity swaps,
+capitalization of interest and writeoffs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4512" NEWID="15289">
+<DATE> 8-APR-1987 16:01:39.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f2425&#31;reute
+u f AM-peru-bonds   04-08 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU DECREES FIRMS SHOULD BUY TREASURY BONDS </TITLE>
+<DATELINE>    LIMA, April 8 - </DATELINE><BODY>the Peruvian government decreed that a wide
+range of firms would have to earmark between 20 and 30 pct of
+their 1986 net profits to buy treasury bonds this year.
+    A presidential decree said that banking, financial and
+insurance firms as well as bottling and tobacco industries with
+1986 sales of more than 1.6 mln intis would have to earmark 30
+pct of their net profits from last year to buy the bonds.
+    The bonds would be redeemed over the next two years and
+their interest rate would be set by the central bank. Textile,
+commercial and fishing canneries with sales over 1.24 mln intis
+would have to buy bonds equal to 20 pct of profits.
+    The firms would have to buy the bonds between April and
+December 1987.
+   The decree said the government adopted the move to obtain
+financing for high-priority investment projects, which it did
+not specify.
+    The economy ministry says it aims to keep the public
+sector's budget deficit to between five and six pct of the
+gross domestic product (gdp).
+    Last year, the deficit was six pct of gdp, according to the
+central bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4513" NEWID="15290">
+<DATE> 8-APR-1987 16:05:10.65</DATE>
+<TOPICS><D>livestock</D><D>l-cattle</D></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G L
+&#22;&#22;&#1;f2441&#31;reute
+r f BC-MEXICAN-CATTLE-IMPORT   04-08 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICAN CATTLE IMPORTS TO BE BRANDED - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>All steers imported into the United
+States from Mexico must now be branded with the letter M on the
+right jaw, the U.S. Agriculture Department said.
+    In its World Production and Trade Report, the department
+said the branding is necessary to improve surveillance for
+bovine tuberculosis because it provides a permanent way to
+identify Mexican steers.
+    The requirement is not expected to affect the number of
+Mexican steers imported into the United States and the brand
+will be applied before the animals arrive at U.S. ports of
+entry.
+    Last November, the Mexican Government authorized an export
+quota of nearly 1.1 mln head of live cattle for the 1986/87
+season (Aug-July), most of which goes to the United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4274" NEWID="15291">
+<DATE> 8-APR-1987 16:07:04.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2447&#31;reute
+r f BC-GENERAL-MOTORS-&lt;GM>-E   04-08 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MOTORS &lt;GM> EXTENDS CHEVROLET REBATES</TITLE>
+<DATELINE>    WARREN, Mich., April 8 - </DATELINE><BODY>General Motors Corp's Chevrolet
+Motor Division said it extended its cash rebates to April 30 on
+three of its cars and to June 30 on a fourth.
+    A fifth car, the Cavalier, was dropped from the program
+after rebates on all five cars expired April six.
+    Terms of the program were not changed. The Chevrolet
+division said buyers of its Celebrity and Camaro cars between
+yesterday and April 30 are eligible to receive 1,000 dlrs
+rebate, while buyers of the Nova can receive 750 dlrs.
+    Spectrum customers are eligible for a 500 dlrs rebate until
+June 30.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4275" NEWID="15292">
+<DATE> 8-APR-1987 16:07:33.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2450&#31;reute
+r f BC-VULCAN-&lt;VUL>-SEES-FIR   04-08 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VULCAN &lt;VUL> SEES FIRST QUARTER OPERATING LOSS</TITLE>
+<DATELINE>    CINCINNATI, April 8 - </DATELINE><BODY>Vulcan Corp's first quarter operating
+results will show a loss, Chairman Lloyd I. Miller told told
+the annual meeting.
+    The company reported a profit of 365,883 dlrs, 23 cts a
+share, for the first quarter last year with one cent a share
+coming from non-operating factors, a spokesman said.
+    Miller attributed the expected loss to completion of the
+purchase transfer and consolidation of operating assets of the
+O'Sullivan Rubber Division, saying this was proving more costly
+and taking more time than originally anticipated.
+    Vulcan is working to resolve the problems, Miller told
+shareholders, adding it appears it will take most of 1987 to
+find solutions.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4276" NEWID="15293">
+<DATE> 8-APR-1987 16:08:27.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2455&#31;reute
+r f BC-DETROIT-EDISON-&lt;DTE>   04-08 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DETROIT EDISON &lt;DTE> SELLS BONDS IN TWO TRANCHES</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Detroit Edison Co is raising 400 mln
+dlrs through a two-tranche offering of general and refunding
+mortgage bonds, said sole manager Morgan Stanley and Co Inc.
+    A 175 mln dlr issue of bonds due 1997 was given an 8-3/4
+pct coupon and priced at 99.375 to yield 8.845 pct, or 128
+basis points over comparable Treasury securities.
+    A companion 225 mln dlr offering of 27-year bonds was given
+a 9-3/4 pct coupon and priced at 99.625 to yield 9.79 pct, or
+180 basis points over Treasuries.
+    Both tranches are non-refundable for five years and rated
+Baa-2 by Moody's and BBB by Standard and Poor's.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4277" NEWID="15294">
+<DATE> 8-APR-1987 16:08:52.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2456&#31;reute
+u f BC-UAL-&lt;UAL>-HAS-NO-COMM   04-08 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAL &lt;UAL> HAS NO COMMENT ON STOCK RISE</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>UAL Inc, citing company policy, told
+the New York Stock Exchange it would not comment on the unusual
+rise in its stock.
+    UAL, parent of United Airlines, closed up 6-1/4 at 72 on
+volume of 3.9 mln shares.
+    Wall Street traders said UAL's stock soared in response to
+the the proposed 4.6 billion dlr buyout offer by United Air's
+pilots union and on a general rise in air fares throughout the
+industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4278" NEWID="15295">
+<DATE> 8-APR-1987 16:11:08.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2458&#31;reute
+r f BC-STRATA-CORP-&lt;STATA>-Y   04-08 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRATA CORP &lt;STATA> YEAR DEC 31 LOSS</TITLE>
+<DATELINE>    COLUMBUS, Ohio, April 8 -
+    </DATELINE><BODY>Shr loss 1.11 dlrs vs loss 1.53 dlrs
+    Net loss 7.1 mln vs loss 8.8 mln
+    Revs 3.1 mln vs eight mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4279" NEWID="15296">
+<DATE> 8-APR-1987 16:12:58.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2460&#31;reute
+r f BC-STRATA-&lt;STATA>-1986-E   04-08 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRATA &lt;STATA> 1986 EARNINGS REPORT QUALIFIED</TITLE>
+<DATELINE>    COLUMBUS, Ohio, April 8 - </DATELINE><BODY>Strata Corp said its 1986
+earnings report contained a qualified opinion from its
+independent auditors.
+    Strata said it owed 1.4 mln dlrs in overdue interest to its
+lender at the end of 1986, and the entire 10.9 mln dlr
+principle has been classified as a liability.
+    The company, which has an agreement to merge with &lt;Lomak
+Petroleum Inc>, lost 7.1 mln dlrs in 1986 against a loss of 8.8
+mln dlrs a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4514" NEWID="15297">
+<DATE> 8-APR-1987 16:13:30.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2461&#31;reute
+r f BC-N.Y.-THRIFTS-HAD-RECO   04-08 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. THRIFTS HAD RECORD MORTGAGE LOANS IN 1986</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>The Federal Home Loan Bank Board of New
+York said mortgage loans acquired by member institutions in
+1986 rose 54 pct from the prior record made in 1985.
+    Fouth-quarter mortgage lending by the 98 New York thrifts
+required to report was nearly 75 pct above the lending volume
+of the same 1985 period. Mortgage loans acquired - comprising
+total mortgage loans closed and mortage loans and
+participations purchased - were 5.3 billion dlrs in the fourth
+quarter and 15 billion for the year.
+    Total mortgages outstanding for New York members were 58.8
+billion dlrs on December 31 versus 50.7 billion at end-1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4281" NEWID="15298">
+<DATE> 8-APR-1987 16:14:08.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2464&#31;reute
+w f BC-VMS-SHORT-TERM-&lt;VST>   04-08 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS SHORT TERM &lt;VST> TO FUND LOAN INCREASE</TITLE>
+<DATELINE>    CHICAGO, April 8 - </DATELINE><BODY>VMS Short Term Income Trust said it
+agreed to commit to fund a 1.8 mln dlrs loan increase for 1420
+K Street, a 12-story, 60,000 square foot office building in
+Washington, D.C.
+    The trust previously approved a 2.9 mln dlr loan for the
+property, making the total loan 4.7 mln dlrs.
+    VMS said the increased financing will have an initial term
+of six months and will include a one pct participation in the
+net appreciation of the property upon sale or refinancing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4282" NEWID="15299">
+<DATE> 8-APR-1987 16:14:18.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2466&#31;reute
+s f BC-DAYTON-HUDSON-CORP-&lt;D   04-08 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAYTON HUDSON CORP &lt;DH> VOTES QUARTERLY PAYOUT</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., April 8 - 
+    </DATELINE><BODY>Qtly div 23 cts vs 23 cts prior qtr
+    Pay 10 June
+    Record 20 May
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4283" NEWID="15300">
+<DATE> 8-APR-1987 16:14:23.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2467&#31;reute
+s f BC-VULCAN-CORP-&lt;VUL>-REG   04-08 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VULCAN CORP &lt;VUL> REGULAR DIVIDEND</TITLE>
+<DATELINE>    CINCINNATI, April 8 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts in prior qtr
+    Payable June 10
+    Record May 22
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4515" NEWID="15301">
+<DATE> 8-APR-1987 16:19:26.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>nicaragua</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2481&#31;reute
+u f AM-REAGAN   04-08 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN TO ALLOW REVIEW OF HIS NOTES ON IRAN</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>President Reagan has agreed to let
+the House and Senate select committees investigating the Iran
+arms sale review his personal diary notes on the affair,
+committee members said today.
+    The notes will cover the period from January 1, 1984 to 
+December 19, 1986 when the Iran arms deal was planned and
+carried out and will include notes on Iran, Nicaragua and
+related subjects, House committee chairman Lee Hamilton said.
+    The notes will be selected by the White House counsel and
+reviewed by Reagan before they are made available to committee
+members within a few weeks.
+    Under terms of the agreement, committee members will be
+allowed to review the notes at the White House, but will not be
+permitted to make copies of the information.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4285" NEWID="15302">
+<DATE> 8-APR-1987 16:20:49.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2483&#31;reute
+b f BC-******NATIONAL-DISTIL   04-08 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NAT'L DISTILLERS SAYS IT AGREES TO SELL SPIRITS UNIT FOR 545 MLN DLRS TO AMERICAN BRANDS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4516" NEWID="15303">
+<DATE> 8-APR-1987 16:22:03.81</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2485&#31;reute
+d f BC-USDA-SEEKS-COMMENTS-O   04-08 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA SEEKS COMMENTS ON GRAIN DISCOUNT SCHEDULE</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The U.S. Agriculture Department is
+seeking public comments on the question of adjusting the
+Commodity Credit Corporation's (CCC) discount and premium
+schedules to improve the quality of grain it accepts as loan
+collateral or under price support programs.
+    The premiums and discounts schedule are based on quality
+factors such as moisture content and kernel damage. The
+schedule stipulates the premiums and discounts used for valuing
+grain the CCC accepts or purchases during the year.
+    The department said it is possible that producers could be
+encouraged to delivery higher quality grain to CCC by adjusting
+the premiums and discounts.
+    Comments are due by April 24 and a report to Congress is
+required by law by May 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4287" NEWID="15304">
+<DATE> 8-APR-1987 16:24:57.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2492&#31;reute
+r f AM-DEBT-BRAZIL   04-08 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN FOREIGN DEBT REACHES 110.6 BILLION DLRS</TITLE>
+<DATELINE>    SAO PAULO, April 8 - </DATELINE><BODY>Brazil has a foreign debt of 110.6
+billion dlrs, according to the latest official figures released
+by the Central Bank.
+    The figure, published in the Central Bank's quarterly
+review "Brazil Economic Program," refers to the situation in
+December 1986.
+    The Central Bank said the registered medium and long-term
+debt was 101.54 billion dlrs, while non-registered debt was
+estimated at 9.03 billion dlrs.
+    In the previous official figure given at the end of last
+year, the total debt stood at 108.8 billion dollars.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4288" NEWID="15305">
+<DATE> 8-APR-1987 16:25:09.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2493&#31;reute
+r f BC-MCF-FINANCIAL-PLANS-I   04-08 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCF FINANCIAL PLANS INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    ENCINO, Calif., April 8 - </DATELINE><BODY>MCF Financial Corp said it filed
+a registration statement with the Securities and Exchange
+Commission covering a proposed initial public offering of
+1,075,000 common shares.
+    MCF said proceeds from the offering will be used to repay
+debt, to purchase loan participation interests and for working
+capital.
+    MCF is engaged in the commercial finance business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4289" NEWID="15306">
+<DATE> 8-APR-1987 16:25:37.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>france</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2494&#31;reute
+r f BC-CASCADE-IMPORTERS-UNI   04-08 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CASCADE IMPORTERS UNIT ACQUIRES PARIS COMPANY</TITLE>
+<DATELINE>    WEST NYACK, N.Y., April 8 - </DATELINE><BODY>&lt;Cascade Importers Inc USA>'s
+Cascade International Europa GmbH of West Germany, said it
+tentatively acquired worldwide rights for the products of Madam
+Gre from the Bernard Tapie Group in Paris.
+    The agreement calls for Cascade to have the rights for the
+manufacturing and trading of perfumes, skin care and treatment
+products, and cosmetics of the group, it said.
+    Cascade said the agreement also includes the exclusive
+rights to trade through duty-free channels worldwide the
+designer Gres accessories.
+    In addition, Cascade said it was granted an option to
+purchase all the assets including the plant and equipment
+located in France. 
+    The company said the cosmetic product line in the U.S.
+market alone could represent 20 mln dlrs in revenue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4290" NEWID="15307">
+<DATE> 8-APR-1987 16:26:35.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2497&#31;reute
+r f BC-ARMEL-INC-&lt;AML>-4TH-Q   04-08 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMEL INC &lt;AML> 4TH QTR LOSS</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., April 8 -
+    </DATELINE><BODY>Oper shr loss 79 cts vs loss 2.32 dlrs
+    Oper net loss 2,536,896 vs loss 6,562,472
+    Revs 13.8 mln vs 14.5 mln
+    Year
+    Oper shr loss 59 cts vs loss 2.35 dlrs
+    Oper net loss 1,712,896 vs loss 5,747,472
+    Revs 43.6 mln vs 44.2 mln
+    NOTE: 1986 excludes charge of 12 cts per share in the
+fourth quarter and gain of 11 cts per share in the year.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4291" NEWID="15308">
+<DATE> 8-APR-1987 16:27:15.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2500&#31;reute
+u f BC-******NATIONAL-DISTIL   04-08 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL DISTILLERS &lt;DR> TO SELL SPIRITS UNIT</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>National Distillers and Chemical Corp
+said it signed a definitive agreement to sell its spirits
+division for 545 mln dlrs to James Beam Distilling Co, a unit
+of American Brands Inc &lt;AMB>.
+    The sale of the spirits division was made under the
+company's previously announced plan to sell its spirits and
+wines businesses, it said. The wine business was sold last
+month for 128 mln dlrs to Heublein Inc, part of Grand
+Metropolitan PLC, National Distillers said.
+    The purchase price will be paid in cash, a National
+Distillers spokeswoman said.
+    The sale permits National to focus on its core businesses,
+chemicals and propane marketing.
+    Proceeds from the sale will be used to repay debt and for
+other corporate purposes, the company said.
+    In a separate statement, American Brands said the sale
+would be for 545 mln dlrs plus the assumption of liabilities.
+    The sale would be subject to compliance with the
+Hart-Scott-Rodino Antitrust Improvements Act and other
+regulatory approvals, the company said.
+    National's distilled spirits business has sales of about
+580 mln dlrs, American Brands said. National's spirits brands
+include Gilbey's gin and vodka, DeKuyper Liqueurs and Windsor
+Supreme Canadian Whisky.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4292" NEWID="15309">
+<DATE> 8-APR-1987 16:28:05.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2504&#31;reute
+u f BC-MANAGEMENT-SCIENCE-&lt;M   04-08 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANAGEMENT SCIENCE &lt;MSAI> LOSS MAY TOP 20 CTS</TITLE>
+<DATELINE>    ATLANTA, April 28 - </DATELINE><BODY>Management Science America Inc,
+clarifying statements made earlier today, said its loss for the
+first quarter could exceed 20 cts a share because of
+non-recurring expenses associated with the acquisition of
+several companies, including Comserv Inc.
+    Earlier today, the company told a meeting of investors here
+that the first quarter loss would be 20 cts a share.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4519" NEWID="15310">
+<DATE> 8-APR-1987 16:28:42.20</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2507&#31;reute
+u f BC-WOJNILOWER-SEES-DROP   04-08 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOJNILOWER SEES DROP IN U.S. INTEREST RATES</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>The Federal Reserve will promote lower
+interest rates this year to sustain world economic growth,
+First Boston Corp managing director Albert Wojnilower said.
+    As much as the Fed would like to take a tough line against
+inflation, it cannot act to slow the growth of credit without
+subverting national U.S. economic policy.
+    "On selected occasions when the dollar seems steady, and,
+because the trade deficit is not responding, the United States
+decided to push Germany and Japan harder to meet their
+commitments to economic growth, the Federal Reserve will do its
+part by moving rates down," Wojnilower said in a report.
+    "Justifiably not anticipating either a recession or
+seriously higher interest rates, securities market participants
+have seen little to fear," Wojnilower said.
+    He said last week's "hiccup" in money and currency rates
+and bond and stock prices was probably caused by Japanese
+window dressing for March 31 end-of-fiscal-year accounts.
+    Wojnilower said the U.S. probably enjoyed above-average
+economic growth in the first quarter. However, the pick-up
+seems to reflect an unsustainable pace of inventory building
+and the prospect for the full year is still for real gross
+national product growth of about 2-1/2 pct, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4294" NEWID="15311">
+<DATE> 8-APR-1987 16:28:47.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2508&#31;reute
+d f BC-RAYTECH-&lt;RAY>-BUYS-WE   04-08 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYTECH &lt;RAY> BUYS WEST GERMAN COMPANY</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Raytech Corp said it acquired
+&lt;Raybestos Industrie-Produkte GmBH> for 7.5 mln dlrs.
+    Raybestos, with manufacturing facilities in Radevormwald,
+West Germany, produces friction materials for use in clutch and
+braking applications.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4295" NEWID="15312">
+<DATE> 8-APR-1987 16:30:37.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2513&#31;reute
+r f BC-INTERCARE-&lt;CARE>-TO-P   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERCARE &lt;CARE> TO POST 4TH QTR LOSS</TITLE>
+<DATELINE>    CULVER CITY, Calif., April 8 - </DATELINE><BODY>Intercare Inc said it
+expects to report a substantial loss for its fourth quarter
+ended January 31 because of a writeoff of expenses associated
+with its recently terminated debt and equity offering.
+    The company also said the write off includes expenses
+associated with the acquisition of U.S. Medical Enterprises
+Inc, and with the restructuring of certain partnerships.
+    Intercare also said it increased its reserve against
+accounts receivable.
+    Executives at the company were not immediately available to
+provide additional details.
+    Intercare also said it has implemented a workforce
+reduction, closed two medical centers and is considering
+additional closings as a means of reducing a working capital
+deficit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4296" NEWID="15313">
+<DATE> 8-APR-1987 16:32:59.87</DATE>
+<TOPICS><D>trade</D><D>iron-steel</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2519&#31;reute
+d f BC-CANADA-TO-MONITOR-STE   04-08 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA TO MONITOR STEEL IMPORTS, EXPORTS</TITLE>
+<DATELINE>    OTTAWA, April 8 - </DATELINE><BODY>Canada plans to monitor steel shipments
+flowing in and out of the country in an attempt to appease
+concerns in the U.S. over the high level of Canadian steel
+exports, Trade Minister Pat Carney said.
+    "To help maintain our open access to the U.S. steel market,
+the government is taking further action to ensure we have more
+accurate data on exports and imports and that Canada is not
+used as a backdoor to the U.S. market by offshore suppliers,"
+Carney said.
+    Carney also said Canadian companies were being asked to
+exercise prudence in the U.S. market and both countries were
+considering establishing a joint commission to study the
+growing steel problem.
+    Carney told the House of Commons she will soon announce an
+amendment to the Exports and Imports Permits Act to set up the
+monitoring program.
+    Canadian steel shipments to the U.S. have risen to 5.7 pct
+cent of the U.S. market in recent months, almost double the
+level just two years ago, Canadian trade officials said.
+    The increase in Canadian shipments comes at a time of
+growing anger in the U.S. over rising steel imports from
+several countries in the face of a decline in the domestic
+steel industry.
+    Some U.S. lawmakers have proposed Canada's share of the
+American market be limited to 2.4 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4522" NEWID="15314">
+<DATE> 8-APR-1987 16:34:25.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2526&#31;reute
+u f BC-UNITED-TECH-&lt;UTX>-SEE   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TECH &lt;UTX> SEES NO EARNINGS IMPACT</TITLE>
+<DATELINE>    HARTFORD, Conn., April 8 - </DATELINE><BODY>United Technologies Corp said
+the decision by an international consortium not to develop a
+new engine would have no impact on 1987 or 1988 earnings.
+    &lt;International Aero Engines>, IAE, 30 pct owned by United
+Technologies' Pratt and Whitney division, has decided not to
+launch a superfan version of its V2500 engine.
+    "We've told analysts that IAE's decision not to launch a
+full development program of the IAE superfan for certification
+in 1991 will have no short term impact on earnings," a United
+Technologies spokesman told Reuters.
+    Short term refers to 1987 and 1988, the spokesman said. He
+declined to elaborate.
+    IAE's other owners are Rolls Royce PLC, &lt;Japanese Aero
+Engines Corp>, Fiat SPA and &lt;MTU> of West Germany.
+    Analysts are estimating United Technologies will earn 3.75
+dlrs to 4.50 dlrs a share in 1987. It reported earnings of 36
+cts a share in 1986, which included two large writeoffs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4298" NEWID="15315">
+<DATE> 8-APR-1987 16:34:55.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2528&#31;reute
+r f BC-STEWART-AND-STEVENSON   04-08 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEWART AND STEVENSON &lt;SSSS> 4TH QTR NET</TITLE>
+<DATELINE>    HOUSTON, April 8 -
+    </DATELINE><BODY>Shr profit 72 cts vs profit 14 cts
+    Net profit 3,309,000 vs profit 609,000
+    Revs 72 mln vs 65 mln
+    Year
+    Shr nil vs loss 4.13 dlrs
+    Net profit 1,000 vs loss 19 mln
+    Revs 249 mln vs 269 mln
+    NOTE: Full name Stewart and Stevenson Services Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4299" NEWID="15316">
+<DATE> 8-APR-1987 16:35:12.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2529&#31;reute
+b f BC-CANADA-PLANS-NEW-BOND   04-08 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA PLANS NEW BOND ISSUE APRIL 14</TITLE>
+<DATELINE>    OTTAWA, April 8 - </DATELINE><BODY>Canada plans to offer a three-part bond
+issue Tuesday, April 14, which will be dated and delivered May
+1, the finance department said.
+    The issue will have a mid-term bond, a bond due in about 10
+years and a long term bond. Further details, including the
+amount being offered, will be announced Monday.
+    The deparment said 650 mln dlrs of government bonds mature
+May 1, 1987.            
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4300" NEWID="15317">
+<DATE> 8-APR-1987 16:38:47.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2536&#31;reute
+r f BC-GENERAL-ELECTRIC-&lt;GE>   04-08 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC &lt;GE> UNIT OFFERS NEW SERVICE</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>General Electric Co's RCA Global
+Communications said it now offers RCA THRUFAX, a service that
+delivers telex messages to facsimile terminals.
+    No special equipment or extra cost is required to receive
+telex messages, but the facsimile terminal must be registered -
+without charge - with RCA, the company said.
+    The company said through the service, every telex terminal
+in the world will be able to reach RCA-registered facsimile
+terminals in the U.S., of which there are approximately
+500,000.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4301" NEWID="15318">
+<DATE> 8-APR-1987 16:40:07.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2544&#31;reute
+r f BC-CENTOCOR-&lt;CNTO>-IN-PA   04-08 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTOCOR &lt;CNTO> IN PACT WITH AJINOMOTO</TITLE>
+<DATELINE>    MALVERN, Penn., April 8 - </DATELINE><BODY>Centocor Inc said it entered into
+an agreement with &lt;Ajinomoto Co Inc> for the exclusive
+distribution of Centocor's Panorex in Japan.
+    Panorex is a monoclonal antibody, made through recombinant
+gene technology, for the treatment of pancreatic cancer. It has
+been tested in humans in Europe and the U.S. since 1982.
+Centocor said it intends to begin clinical trials in the U.S.
+this year with a modified form of the drug.
+    Under the agreement, Ajinomoto will conduct clinical tests
+of the drug in Japan and both companies will jointly file for
+marketing approval for the product in Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4302" NEWID="15319">
+<DATE> 8-APR-1987 16:40:43.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2547&#31;reute
+f f BC-******G-24-MINISTERS   04-08 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>G-24 MINISTERS SAY DEBT CRISIS ENTERING NEW AND DANGEROUS PHASE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4303" NEWID="15320">
+<DATE> 8-APR-1987 16:41:00.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2549&#31;reute
+r f BC-CENTURY-BANCORP-FILES   04-08 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTURY BANCORP FILES FOR STOCK OFFERING</TITLE>
+<DATELINE>    SOMERVILLE, Mass., April 8 - </DATELINE><BODY>&lt;Century Bancorp Inc> said it
+filed for an initial public offering of 1.6 mln shares of Class
+A common shares through an underwriting group managed by
+Moseley Securities Corp.
+    The company said the Class A shares are non-voting except
+under certain limited conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4304" NEWID="15321">
+<DATE> 8-APR-1987 16:41:59.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2551&#31;reute
+d f BC-WESTAMERICA-BANCORP-&lt;   04-08 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTAMERICA BANCORP &lt;WAB> 1ST QTR NET</TITLE>
+<DATELINE>    SAN RAFAEL, Calif., April 8 -
+    </DATELINE><BODY>Shr 98 cts vs 63 cts
+    Net 2,602,000 vs 1,571,000
+    Loans 834.8 mln vs 729.0 mln
+    Deposits 1.04 billion vs 942.1 mln
+    Assets 1.15 billion vs 1.02 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4305" NEWID="15322">
+<DATE> 8-APR-1987 16:42:35.70</DATE>
+<TOPICS><D>nat-gas</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2552&#31;reute
+u f BC-OIL   04-08 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S.SENATE LIFTS SOME BANS ON NATURAL GAS</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The Senate unanimously approved
+legislation to lift a ban on new construction of natural
+gas-fired power plants and other large industrial gas-burning
+plants.
+    The bill, sponsored by Senate Energy Committee chairman
+Bennett Johnston, also repeals mandatory incremental pricing of
+natural gas which was designed to protect residential consumers
+from major price increases by forcing some industrial users to
+pay higher than market prices.
+    "This legislation will open up new natural gas markets," the
+Lousiana Democrat said.
+    The gas restrictions were enacted in 1978 in response to a
+shortage of natural gas and predictions of higher prices.
+    "Now both oil and gas prices are severely depressed,"
+Johnston said.
+    In a compromise with coal producers, the bill requires new
+baseload electric powerplants be designed to accomodate
+modifications necessary to burning coal or another alternate
+fuel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4306" NEWID="15323">
+<DATE> 8-APR-1987 16:44:01.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2554&#31;reute
+d f BC-U.S.-FARM-LAND-VALUE   04-08 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FARM LAND VALUE DECLINE MODERATES--USDA</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The value of U.S. farmland declined
+again last year, but less than in the previous year, the U.S.
+Agriculture Department said.
+    In a summary of its Agricultural Resources Report, the
+department said on February 1, 1987, the average value per acre
+of farmland stood at 548 dlrs, down eight pct from a year
+earlier. Values dropped 12 pct in 1985, it noted.
+    Real values, which are adjusted for inflation, also
+declined less than in 1985, because of the low rate of
+inflation in 1986.
+    Real values fell 10 pct compared to 14 pct in 1985, it
+said.
+    The department said in the Corn Belt and Northern Plains,
+which suffered severe losses in the past five years, declines
+appear to be moderating. Also there are reports of stable
+values in some areas of the Corn Belt, it noted.
+    The continuing downturn in values reflects the large
+acreage of land offered for sale relative to demand, concern 
+about lower crop prices, and uncertainty over farm programs,
+the department said.
+    Those factors tend to offset the effects of relatively high
+cash farm income, lower interest rates, and reduced operating
+expenses, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4307" NEWID="15324">
+<DATE> 8-APR-1987 16:45:07.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2556&#31;reute
+u f BC-SOUTHEAST-BANCORP   04-08 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHEAST BANCORP &lt;STB> ACTS ON BRAZILIAN DEBT</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Following the lead of other major
+banks, Southeast Banking Corp told the Securities and Exchange
+Commission it would place 54.2 mln dlrs of medium- and
+long-term Brazilian debt on non-accrual or cash status.
+    Based on current interest rates, it estimated in a filing
+that the move will reduce net income by about 800,000 dlrs in
+the first quarter and 3.2 mln dlrs for all of 1987. The company
+also said it did not believe the Brazilian debt situation would
+have a "material adverse" effect on it.
+    It also said it would issue 1,080,000 common shares in
+connection with its acquisition of Popular Bancshares Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4308" NEWID="15325">
+<DATE> 8-APR-1987 16:46:06.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2559&#31;reute
+d f BC-WILLIAMS-(WMB)-SEES-F   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIAMS &lt;WMB> SEES FLAT PIPELINE VOLUMES IN 1987</TITLE>
+<DATELINE>    TULSA, April 8 - </DATELINE><BODY>Williams Cos said it expected oil and
+fertilizer transportation volumes to be flat in 1987 but said
+operating profits from the pipeline unit should improve from
+49.4 mln dlrs earned last year when a seven mln dlr special
+charge was incurred.
+    Williams Pipeline Co took the charge against earnings in
+1986 for the removal of more than 500 miles of old pipeline
+from service and for casualty losses. Companywide, Williams had
+a net loss of 134 mln dlrs on total revenues of 1.85 billion
+dlrs, a decline from profits of 32 mln dlrs on sales of 2.46
+billion in 1985.
+    In its annual report, Williams said its Northwest Pipeline
+Corp and Williams Natural Gas Co had natural gas costs that are
+among the lowest in the nation, averaging 2.04 dlrs and 2.07
+dlrs per mcf, respectively, last year. Total natural gas
+reserves for both units declined to 10,010 billion cubic feet
+in 1986 from 11,334 billion cubic feet the previous year.
+    The company said its Williams Natural Gas unit, which has
+less take-or-pay exposure than most major pipelines, should
+show improvement in its 1987 operating results because of
+changes tariff and federal tax rates.
+    The company's gas marketing business is expected to have
+somewhat lower earnings in 1987 because of competition in its
+operating region, the annual report said. The gas marketing
+unit earned 26.0 mln dlrs on sales of 285.6 mln dlrs last year.
+    Williams also said it expected a substantial decline in its
+debt to equity ratio this year because of more than 250 mln
+dlrs received in cash from the sale of Agrico Chemical Co and
+proceeds from the sale and leaseback of Williams
+Telecommunications Co. The telecommunications business, a
+2,000-mile fiber optic system for long distance use, will not
+be profitable until late 1988, Williams said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4309" NEWID="15326">
+<DATE> 8-APR-1987 16:47:06.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2563&#31;reute
+u f BC-SUPER-VALU-STORES-INC   04-08 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPER VALU STORES INC &lt;SVU> 4TH QTR FEB 28 NET</TITLE>
+<DATELINE>    MINNEAPOLIS, April 8 -
+    </DATELINE><BODY>Shr 38 cts vs 25 cts
+    Net 28,339,000 vs 18,650,000
+    Sales 2.27 billion vs 1.97 billion
+    Avg shrs 74,485,000 vs 74,270,000
+    Year
+    Shr 1.20 dlrs vs 1.23 dlrs
+    Net 89,301,000 vs 91,247,000
+    Sales 9.07 billion vs 7.91 billion
+    Avg shrs 74,387,000 vs 74,184,000
+    NOTE: 1986 period ended February 22, 1986
+    1986 earnings include net loss of unconsolidated subsidiary
+of 162,000 dlrs in the quarter and 702,000 dlrs for the year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4310" NEWID="15327">
+<DATE> 8-APR-1987 16:47:37.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2567&#31;reute
+r f BC-PARKER-DRILLING-CO-&lt;P   04-08 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARKER DRILLING CO &lt;PKD> 2ND QTR FEB 28 LOSS</TITLE>
+<DATELINE>    TULSA, OKLA., April 8 -
+    </DATELINE><BODY>Shr loss 70 cts vs loss 57 cts
+    Net loss 20,616,000 vs loss 16,854,000
+    Revs 23.1 mln vs 60.1 mln
+    Six mths
+    Shr loss 1.38 dlrs vs loss 1.02 dlrs
+    Net loss 40,780,000 vs loss 29,996,000
+    Revs 61.0 mln vs 114.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4311" NEWID="15328">
+<DATE> 8-APR-1987 16:52:28.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2576&#31;reute
+u f BC-G-24-SAYS-DEBT-CRISIS   04-08 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-24 SAYS DEBT CRISIS ENTERING NEW PHASE</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Ministers from the Group of 24
+developing coutries said that the debt crisis was entering a
+new and dangerous phase and called for the formation of a
+ministerial committee to examine solutions to the problem.
+    In a statement following a meeting of the ministers, they
+said that the "existing (debt) strategy offers no prospect for a
+lasting solution to the debt problem."
+    The statement said that there should be a new attitude and
+approach in respect of the existing stock of debt and called
+for current flows and future credits to be examined by
+governments, multilateral and banking institutions.
+    The statement also said that the prospects of the least
+developed countries continue to deteriorate and "will improve
+only if commensurate financing on concessional terms is made
+available."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4312" NEWID="15329">
+<DATE> 8-APR-1987 16:56:39.84</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2585&#31;reute
+b f BC-coffee-prices-could-d   04-08 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COFFEE COULD DROP TO 70/80 CTS, CARDENAS SAYS</TITLE>
+<DATELINE>    BOGOTA, April 8 - </DATELINE><BODY>International coffee prices could drop to
+between 70 and 80 cents a lb by next October if no agreement is
+reached to support the market, Jorge Cardenas, manager of
+Colombia's National Coffee Growers' Federation said.
+    Speaking at a forum for industrialists, he said one of the
+reasons was that the market was already saturated and that
+producers will have excess production and stockpiles of 39 mln
+(60-kg) bags in 1987.
+    Today, May futures in New York settled at 107.90 cents a
+lb.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4313" NEWID="15330">
+<DATE> 8-APR-1987 16:57:17.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2589&#31;reute
+r f BC-PAN-AM-&lt;PN>-UNIT-SETS   04-08 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN AM &lt;PN> UNIT SETS INTRO FARE TO ATLANTA</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Pan American Corp's Pan Am World
+Airways said it will begin daily service tomorrow from Atlanta
+to New York, Washington and Miami.
+    The company said it will offer the flights for 49 dlrs
+between April 9 and May 9. The 49 dlr fare is unrestricted, but
+is capacity controlled, Pan Am said.
+    Pan Am said the flights are timed to connect with European-
+and South American-bound flights.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4526" NEWID="15331">
+<DATE> 8-APR-1987 16:58:03.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2593&#31;reute
+r f BC-CAESARS-WORLD-&lt;CAW>-S   04-08 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAESARS WORLD &lt;CAW> STAYS ON S/P WATCH, NEGATIVE</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Standard and Poor's Corp said it is
+keeping 230 mln dlrs of debt of Caesars World Inc and Caesars
+World Finance Corp on creditwatch with negative implications.
+    S and P cited Caesars World's proposed recapitalization
+plan that calls for incurring one billion dlrs of bank and
+other debt to finance a 25 dlr per share special dividend and
+the repayment of about 222.5 mln dlrs of existing debt.
+    It said the plan's terms would violate dividend convenants
+in the rated debt's indentures and likely force refinancing of
+those issues. Caesars was placed on creditwatch for a possible
+downgrade March nine following investor Martin Sosnoff's bid.
+    Sosnoff bid 28 dlrs per share, or 725.2 mln dlrs, for the
+86.4 pct of Caesars World stock he does not already own,
+Standard and Poor's noted.
+    The rating agency said an increase in Sosnoff's offer is
+possible. If successful, the stock bid would markedly raise
+Caesars World's financial risk and lead to a large drop in net
+income and cash flow, S and P said.
+    Caesars World currently carries BB senior debt and B-plus
+subordinated debt. The finance unit's subordinated debt, which
+is guaranteed by the parent, is rated B-plus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4315" NEWID="15332">
+<DATE> 8-APR-1987 17:00:58.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2595&#31;reute
+d f BC-PHOENIX-FINANCIAL-&lt;PH   04-08 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOENIX FINANCIAL &lt;PHFC> BOARD RESIGNS</TITLE>
+<DATELINE>    MEDFORD, N.J., April 8 - </DATELINE><BODY>Phoenix Financial Corp said that,
+in connection with its previously announced reorganization, 
+its board of directors resigned.
+    Resigning as directors, officers and employees of the
+company were Mary Anne Cossa, Thomas C. Amendola and James J.
+O'Maller, the company said. It said Martin S. Ackerman and Joel
+Yonover, both attorneys, were named directors and constitute
+the new board.
+    In addition, the company said Ackerman was named chief
+executive officer.
+    Phoenix said it acquired a controlling interest in &lt;Data
+Access Systems>, which sells and leases computer equipment.
+    It said Ackerman, Yonover and Diane Ackerman were named
+directors of Data Access.
+    Moreover, the company that it and Data Access are both in
+the process of reorganizing and the securities of both
+companies represent speculative and risk-related investments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4316" NEWID="15333">
+<DATE> 8-APR-1987 17:02:59.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2602&#31;reute
+d f BC-ENGINEERED-SYSTEMS-&lt;E   04-08 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENGINEERED SYSTEMS &lt;ESD> UNIT GETS LOAN NOTICE</TITLE>
+<DATELINE>    SAN JOSE, Calif, April 8 - </DATELINE><BODY>Engineered Systems and
+Development Corp said Wells Fargo and Co's &lt;WFC> Wells Fargo
+Bank has demanded immediate payment of a 1,750,000 dlr loan
+made to Engineered's Seaborn Development Inc unit under a
+revolving credit arrangment that expired on April 30, 1986.
+    The company said Wells Fargo has also said it will sue to
+collect if it does not receive payment immediately.
+    The parties involved also began negotiations to restructure
+the repayment over an 18 month period and the talks are
+ongoing, Engineered Systems also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4317" NEWID="15334">
+<DATE> 8-APR-1987 17:03:59.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2609&#31;reute
+h f BC-SUMMA-&lt;SUMA>-TO-FILE   04-08 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMMA &lt;SUMA> TO FILE FOR FINANCING COMMITMENT</TITLE>
+<DATELINE>    ALBUQUERQUE, N.M., April 8 - </DATELINE><BODY>Summa Medical Corp said it
+intends to file a prospectus with the Securities and Exchange
+Commission outling a commitment for a six mln dlr financing,
+signed yesterday.
+    Summa said it expects the filing to take place before April
+24.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4318" NEWID="15335">
+<DATE> 8-APR-1987 17:05:08.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2613&#31;reute
+r f BC-HBO-&lt;HBOC>-URGES-SHAR   04-08 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HBO &lt;HBOC> URGES SHAREHOLDERS AGAINST ANDOVER</TITLE>
+<DATELINE>    ATLANTA, Ga., April 8 - </DATELINE><BODY>HBO and Co said it sent a letter of
+strongly urging shareholders not to sign any proxy cards sent
+by Andover Group.
+    ON March 30, Andover Group, a two-man general partnership
+which owns about seven pct of HBO's stock, filed preliminary
+proxy materials with the Securities and Exchange Commission
+seeking to nominate an alternative slate of directors at the
+company's April 30 annual meeting.
+    Andover had expressed an interest to acquire the company in
+September 1986 but HBO has never received an offer from them,
+it said.
+    In addition, HBO said its financial condition is improving
+rapidly as the result of a significant restructuring
+implemented in 1986.
+    It expects the company to report net income of about 40 cts
+per share in 1987 and a very significant increase in 1988.
+    For the year ended December 1986, the company reported a
+loss of 3.6 mln dlrs, or 16 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4319" NEWID="15336">
+<DATE> 8-APR-1987 17:07:09.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2616&#31;reute
+u f BC-(CFCF-INC)-SIX-MTHS-F   04-08 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CFCF INC) SIX MTHS FEB 28 NET</TITLE>
+<DATELINE>    MONTREAL, April 8 -
+    </DATELINE><BODY>Shr 51 cts vs 56 cts
+    Net 5,645,000 vs 6,153,000
+    Revs 45.9 mln vs 45.3 mln            
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4320" NEWID="15337">
+<DATE> 8-APR-1987 17:08:22.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2619&#31;reute
+u f BC-UAP-MAKES-ACQUISITION   04-08 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAP MAKES ACQUISITIONS</TITLE>
+<DATELINE>    MONTREAL, April 8 - </DATELINE><BODY>&lt;UAP Inc> said it has acquired Slater
+Auto Electric Ltd, with two Ontario stores, and United Diesel
+Engine Parts Ltd, of Dartmouth, Nova Scotia, for undisclosed
+terms. It said the transactions, together with acquisitions
+earlier this year, will increase its annual sales by about 4.5
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4321" NEWID="15338">
+<DATE> 8-APR-1987 17:08:31.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>greece</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2620&#31;reute
+r f AM-GREECE-VIOLATIONS   04-08 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREECE ACCUSES TURKEY OF AIR SPACE INFRINGEMENTS</TITLE>
+<DATELINE>    ATHENS, April 8 - </DATELINE><BODY>Greece accused Turkish warplanes of
+infringing the Athens Flight Information Region (FIR) in the
+Aegean Sea three times.
+    The Defense Ministry said the Turkish intrusions took place
+over the islands of Chios, Samos, Lesbos and Lemnos. The planes
+were identified and intercepted by Greek fighters, it said.
+    Greece has charged Turkish aircraft with 10 other FIR
+infringements and two air space violations in the Aegean over
+the last two days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4322" NEWID="15339">
+<DATE> 8-APR-1987 17:09:52.64</DATE>
+<TOPICS><D>gas</D><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2625&#31;reute
+f f BC-wkly-distillate   04-08 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EIA SAYS DISTILLATE STOCKS UNCHANGED, GASOLINE OFF 200,000, CRUDE UP 6.3 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4323" NEWID="15340">
+<DATE> 8-APR-1987 17:11:44.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2638&#31;reute
+r f BC-PROPOSED-OFFERINGS   04-08 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    First Interstate Bancorp &lt;I> - Shelf offering of up to 112
+mln dlrs of debt securities, including notes and debentures, on
+terms to be determined at the time of the sale.
+    Pacificorp Credit Inc, subsidiary of Pacificorp &lt;PPW> -
+Shelf offering of up to 250 mln dlrs of debt securities,
+including notes and debentures, at prices and on terms to be
+determined at the time of the sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4324" NEWID="15341">
+<DATE> 8-APR-1987 17:13:41.05</DATE>
+<TOPICS><D>veg-oil</D><D>grain</D><D>corn</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>morocco</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2641&#31;reute
+r f BC-USDA-DISCUSSING-PL-48   04-08 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA DISCUSSING PL 480 AGREEMENT WITH MOROCCO</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>The U.S. Agriculture Department is
+currently discussing an amendment to a PL 480 agreement signed
+with Morocco on January 22, but the mix of commodities under
+the amendment has not been determined, a U.S. Agriculture
+Department official said.
+    The official noted the agreement signed in January provided
+for the supply of about 55,000 tonnes of vegetable oil, 55,000
+tonnes of corn and 126,000 tonnes of wheat, all for delivery
+during the current fiscal year, ending this September 30.
+    No purchase authorizations for the commodities provided in
+the January agreement have been announced by the department.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4529" NEWID="15342">
+<DATE> 8-APR-1987 17:14:17.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2642&#31;reute
+u f BC-THORN-EMI-WINS-U.S.-R   04-08 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THORN-EMI WINS U.S. RULING IN BEATLES SUIT</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>&lt;Thorn-EMI PLC> said the New York
+Supreme Court dismissed six of the nine actions in a suit filed
+by the Beatles for royalties on their songs.
+    It said the court dismissed charges of fraud and
+conversion, and claims of 50 mln dlrs in punitive damages
+sought by the companies, &lt;Apple Records Inc>, &lt;Apple Corps
+Ltd>, and former Beatles, George Harrison, Ringo Starr and the
+widow of John Lennon, Yoko Ono. Paul McCartney was not party to
+the suit.
+    The Beatles brought the suit against Capital Records Inc
+and EMI Records Ltd, two units of Thorn-EMI.
+    The Beatles charged the record companies with defrauding
+them by not paying royalties on sales of various recordings
+over the past 18 years.
+    A spokesman for the company in New York said while the
+court dismissed six of the nine actions involving punitive
+damages, three actions remain, with 30 mln dlrs in claims for
+royalties.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4326" NEWID="15343">
+<DATE> 8-APR-1987 17:17:35.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2650&#31;reute
+u f BC-LTV-&lt;QLTV>-AND-STEELW   04-08 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LTV &lt;QLTV> AND STEELWORKERS BEGIN NEGOTIATIONS</TITLE>
+<DATELINE>    CLEVELAND, April 8 - </DATELINE><BODY>The negotiating committees for the
+United Steelworkers of America and LTV Corp said they have
+begun intensive negotiations and have made a "firm commitment"
+to successfully conclude these negotiations by May one.
+    They said the talks will cover issues related to
+termination of pension plans by the Pension Benefit Guaranty
+Corp for both active workers and retirees, and insurance
+programs for both groups.
+    The Union and LTV also said they plan to resolve all issues
+related to the terms of a basic labor agreement and the
+effective use of manpower and equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4327" NEWID="15344">
+<DATE> 8-APR-1987 17:18:29.56</DATE>
+<TOPICS><D>gas</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y C
+&#22;&#22;&#1;f2653&#31;reute
+u f BC-wkly-distillate   04-08 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIA SAYS DISTILLATE STOCKS UNCHANGED IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Distillate fuel stocks held in
+primary storage were unchanged in the week ended April three at
+106.9 mln barrels, the Energy Information Administration (EIA)
+said.
+    In its weekly petroleum status report, the Department of
+Energy agency said gasoline stocks were off 200,000 barrels in
+the week to 248.1 mln barrels and refinery crude oil stocks
+rose 6.3 mln barrels to 335.8 mln.
+    The EIA said residual fuel stocks fell 100,000 barrels to
+38.1 mln barrels and crude oil stocks in the Strategic
+Petroleum Reserve (SPR) rose 1.1 mln barrels to 520.0 mln.
+    The total of all crude, refined product and SPR stocks rose
+9.4 mln barrels to 1,561.1, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4328" NEWID="15345">
+<DATE> 8-APR-1987 17:20:02.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2655&#31;reute
+r f BC-HAWKEYE-&lt;HWKB>-1986-A   04-08 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKEYE &lt;HWKB> 1986 ANNUAL REPORT QUALIFIED</TITLE>
+<DATELINE>    DES MOINES, IOWA, April 8 - </DATELINE><BODY>Hawkeye Bancorp's 1986 annual
+financial results were qualified by its auditors, according to
+the annual report.
+    "...there are conditions which may indicate that the
+company will be unable to continue as a going concern,"
+auditors Deloitte Haskins and Sells said in Hawkeye's annual
+report to shareholders.
+    Hawkeye reported a 1986 loss of almost 59 mln dlrs, citing
+an increase in its loan loss provision to 34.7 mln dlrs and
+restructuring costs of 27 mln dlrs.
+    However, Hawkeye, with assets of 1.09 billion dlrs at 1986
+year end, said it expects "to have sufficient cash to meet its
+obligations for the next 12-month period."
+    Last July the bank holding company reached a debt
+restructuring agreement which identifed 17 bank subsidiaries
+and five non-bank operations for disposition.
+    "The restructuring has improved Hawkeye's financial
+condition, but it does not assure that Hawkeye will be able to
+survive as a going concern," the report said.
+    Hawkeye's survival will depend on its ability to comply
+with provisions of the debt restructuring and regulatory
+agreements and on its ability to return to profitable
+operations, it said.
+    There can be no assurance that Hawkeye will be able to meet
+these requirements. However, the company "believes it will be
+able to do so," Hawkeye said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4329" NEWID="15346">
+<DATE> 8-APR-1987 17:21:19.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2660&#31;reute
+u f BC-Philadelphia-electric   04-08 0074</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - PHILADELPHIA ELECTRIC &lt;PE> NUCLEAR
+    In Philadelphia story headlined "Philadelphia Electric
+Nuclear Cost Estimate" ... please read in first paragraph ...
+Philadelphia Electric Co will have to spend an average of about
+five mln dlrs a month to replace the electricity which would
+have been generated by the Peach Bottom nuclear power plant,
+Chairman J. Lee Everett said ... Company corrects amount to
+five mln dlrs a month, not a day.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4330" NEWID="15347">
+<DATE> 8-APR-1987 17:23:54.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2667&#31;reute
+r f BC-S/P-SEES-STABLE-CREDI   04-08 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P SEES STABLE CREDIT QUALITY IN FIRST QUARTER</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>Standard and Poor's Corp said that
+corporate credit quality stabilized in the first quarter of the
+year, even though downgrades outpaced upgrades.
+    S and P said it reduced 79 debt ratings, affecting 63
+billion dlrs of debt securities, and raised 28 ratings,
+affecting 12 billion dlrs of debt.
+    However, the rating agency pointed out that last quarter's
+number of downgrades was the lowest since first quarter 1986.
+It also said the upgrades were the fewest since early 1986.
+    It said rating changes quieted in the oil and insurance
+sectors, while utilities provided a positive influence.
+    Standard and Poor's said its major downgrades last quarter
+were of Denmark, USX Corp &lt;X>, Chase Manhattan Corp &lt;CMB> and
+Manufacturers Hanover Corp &lt;MHC>.
+    It said the most negative influence on rating changes
+occurred in the financial institution sector, where there were
+22 downgrades versus five upgrades.
+    Notably, ratings were reduced for several of the largest
+U.S. bank holding companies, reflecting lower asset quality and
+weaknesses that were specific to those firms, S/P said.
+    Among industrials, S and P cut 43 ratings and raised 10.
+Lower ratings prevailed in steel and health care, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4331" NEWID="15348">
+<DATE> 8-APR-1987 17:27:34.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2682&#31;reute
+d f BC-&lt;WASHINGTON-BANCORPOR   04-08 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;WASHINGTON BANCORPORATION> 1ST QTR NET</TITLE>
+<DATELINE>    WASHINGTON, April 8 - 
+    </DATELINE><BODY>Shr 33 cts vs 37 cts
+    Net 2,051,000 vs 1.8 mln
+    Assets 1.7 billion vs 1.5 billion
+    Deposits 1.4 billion vs 1.2 billion
+    Loans 1.1 billion vs 900 mln
+    Note: Year-ago results restated to reflect merger with
+Colson Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4532" NEWID="15349">
+<DATE> 8-APR-1987 17:29:49.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2686&#31;reute
+r f BC-dome-plan-may-force   04-08 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME &lt;DMP> PLAN MAY FORCE SALE OF ENCOR STAKE</TITLE>
+<DATELINE>    TORONTO, April 8 - </DATELINE><BODY>Dome Petroleum Ltd's proposal to
+restructure debt of more than 6.10 billion Canadian dlrs
+includes provisions that may force the company to sell its 42
+pct stake in &lt;Encor Energy Corp Inc>, Dome said in a U.S.
+Securities and Exchange Commission filing.
+    Dome said in the filing that its debt plan proposes making
+payments under a five year income debenture to the lender whose
+debt is secured by Dome's Encor shares.
+    After the five years are up, "under certain circumstances
+the shares of Encor may be required to be disposed," the company
+said.
+    Dome has pledged its 42.5 mln Encor shares as security for
+part of its debt to &lt;Canadian Imperial Bank of Commerce>,
+estimated last year at 947 mln dlrs.
+    Analysts have said Commerce Bank was pressing Dome to sell
+the stock to pay down its debt.
+    Dome's Encor shares had a market value of 313 mln dlrs on
+March 17, 1987, the company's filing said.
+    As previously reported, Dome is seeking approval in
+principle for the debt restructuring plan. Dome said in the
+filing it proposed lenders sign a letter of understanding in
+early April, with implementation to be effective July 1, 1987.
+    Dome Petroleum reiterated in the SEC filing that its
+existence as a going concern is dependent on continuing the
+interim debt plan, due to expire on June 30, and winning
+agreement for its proposed restructuring plan.
+    "The company believes that the negotiation and
+implementation of the proposed debt restructuring plan is
+realistic and achievable," Dome said.
+    "However, the final outcome of the negotiations cannot be
+predicted at this time," it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4533" NEWID="15350">
+<DATE> 8-APR-1987 17:33:34.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2692&#31;reute
+u f BC-pdvsa-signs-with-agip   04-08 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PDVSA SIGNS WITH AGIP, ARCO FOR COAL PROJECT</TITLE>
+<DATELINE>    CARACAS, April 8 - </DATELINE><BODY>Petroleos de Venezuela, S.A. signed a
+letter of intent with Agip Carbone and Arco Coal Co, a unit of
+Atlantic Richfield Co &lt;ARC> to exploit the coal deposits at
+Guasare in western Zulia state, PDVSA officials said.
+    The Carbozulia project will include open-pit mining of the
+low sulphur content coal, as well as the construction of a
+railroad and port facilities, at an estimated total cost of 500
+mln dlrs.
+    The Agip/Arco consortium will own 48 pct of Carbozulia,
+while PDVSA will have 49 pct, with the remaining three pct to
+be held by private investors.
+    Carboulia President Luis Urdaneta said work will begin this
+month on a preliminary test mine with a capacity of 500,000 mt
+a year. A first shipment is scheduled to be ready by third
+quarter 1987, he said.
+    "The purpose of this trial shipment is to let potential
+customers know about the quality of the Guasare coal," Urdaneta
+said. Long-term plans call for Carbozulia to produce 6.5 mln mt
+a year of by 1995, at which time coal exports are expected to
+bring Venezuela some 200 mln dlrs a year.
+    Agip Carbone President Francesco Coffrini said yesterday 60
+pct of Carbozulia's coal will be exported to European markets.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4534" NEWID="15351">
+<DATE> 8-APR-1987 17:36:41.71</DATE>
+<TOPICS><D>crude</D><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2700&#31;reute
+u f BC-/RECENT-U.S.-OIL-DEMA   04-08 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECENT U.S. OIL DEMAND OFF 2.6 PCT FROM YEAR AGO</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>U.S. oil demand as measured by
+products supplied fell 2.6 pct in the four weeks ended April
+three to 15.73 mln barrels per day (bpd) from 16.16 mln in the
+same period a year ago, the Energy Information Administration
+(EIA) said.
+    In its weekly petroleum status report, the Energy
+Department agency said distillate demand was off 7.9 pct in the
+period to 2.90 mln bpd from 3.15 mln a year earlier.
+    Gasoline demand averaged 6.76 mln bpd, off 3.1 pct from
+6.98 mln last year, while residual fuel demand was 1.15 mln
+bpd, off 16.9 pct from 1.39 mln, the EIA said.
+    So far this year, distillate demand fell 2.3 pct to 3.20
+mln bpd from 3.28 mln in 1986, gasoline demand was 6.63 mln
+bpd, off 0.3 pct from 6.65 mln, and residual fuel demand fell
+4.9 pct to 1.35 mln bpd from 1.42 mln, the EIA said.
+    Year-to-date domestic crude output was estimated at 8.40
+mln bpd, off 7.6 pct from 9.09 mln a year ago, while gross
+crude imports averaged 3.92 mln bpd, up 27.1 pct from 3.08 mln,
+it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4335" NEWID="15352">
+<DATE> 8-APR-1987 17:37:24.16</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>west-germany</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2702&#31;reute
+u f BC-DEFICIT-CUTS-SEEN-UNA   04-08 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEFICIT CUTS SEEN UNABLE TO CURE TRADE DEFICIT</TITLE>
+<AUTHOR>    By Irwin Arieff</AUTHOR>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Financial analysts say they are
+pleased with congressional moves to trim next year's federal
+budget deficit but believe the actions will do little to help
+improve the U.S. trade deficit or buoy the economy.
+    The House of Representatives is expected to vote tomorrow
+to approve a trillion-dollar budget blueprint for the coming
+fiscal year that reduces the deficit by 38 billion dlrs.
+    Similarly, the Senate Budget Committee has approved a plan
+that would cut federal red ink by about 37 billion dlrs next
+year.
+        "In terms of the economy, 37-38 billion dlrs is
+infinitesimal, so cuts of this magnitude will have little
+impact on the economy and the trade deficit," said Stanley
+Collander, a Touche Ross federal budget policy analyst.
+    "At best, it will have a small positive effect," Collander
+said in an interview.
+    Federal Reserve Board Chairman Paul Volcker has repeatedly
+told Congress that cutting federal red ink would go a long way
+to help reduce the massive trade deficit and also help ease
+some of the downward pressure on the value of the dollar.
+    The U.S. government has attempted to remedy the trade
+imbalance by driving down the value of the dollar. But Volcker
+has warned that a further fall in the dollar's value is fraught
+with danger.
+    Such a decline, he has said, could refuel inflation as
+imported goods become more expensive and chase away foreign
+capital needed to finance the federal budget deficit.
+    In addition, in February, U.S. officials meeting with other
+major industrialized nations in Paris agreed that the value of
+the dollar had dropped enough and that world exchange rates
+should be stabilized at around current levels.
+    As part of that agreement, Japan and West Germany agreed to
+take steps to stimulate their economies and the United States
+agreed to cut its budget deficit.
+    The alternative to driving down the dollar any further as a
+way to deal with the trade deficit, Volcker said recently, is
+to reduce U.S. consumption, particularly federal spending.
+    "If you don't deal with the budget deficit, everything else
+you do is going to be counterproductive," Volcker said in recent
+testimony before the Senate Banking Committee.
+    Volcker also said he would prefer to further tighten the
+government's purse strings than have the Fed tighten the credit
+supply if action was needed to fight inflationary pressures or
+to assure the continued flow of foreign capital into the United
+States.
+    Analysts say that Fed tightening now could choke off the
+current modest economic expansion and threaten a recession.
+    Kemper Financial Services economist John Silvia stressed
+that any deficit reduction was better than none.
+    But he said the size of the cuts under consideration were 
+not enough to give the Federal Reserve Board the flexibility it
+needs to steer the economy or to keep the value of the dollar
+from plunging further in world exchange markets.
+    "There's no doubt that some deficit reduction helps, but if
+your objective is to stabilize the dollar and perserve the
+Fed's flexibility to conduct monetary policy, then the answer
+is, it's not enough," Silvia told Reuters.
+    The U.S. trade deficit has become one of the government's
+most vexing and persistent problems.
+    The 1986 deficit was 169.8 billion dlrs and there is as yet
+little indication that this year's figure will be any lower,
+though administration officials have predicted it will drop by
+about 20 to 30 billion dlrs by year's end.
+    In the past, Volcker has joked that he never lost sleep
+worrying whether Congress would cut too much fat from the
+federal budget.
+    On the other hand, he also has made it clear he is not
+attached to the gradually declining deficit ceilings set for
+the 1986-1991 period by last year's Gramm-Rudman balanced
+budget law.
+    While the new law set a ceiling of 108 billion dlrs for
+next year's federal deficit, both the House and Senate Budget
+Committees have conceded that their budget plans would fall
+short of the deficit reduction goal by about 25 billion dlrs.
+    "For political reasons, 35 to 40 billion dlrs is about the
+most you're going to get" out of Congress at the present time,
+said Touche Ross's Collander. "To do something more than that
+would be extraordinary, remarkable and very, very difficult."
+    Collander said the real danger for Congress was to end up
+short of the deficit reduction goal set by its Budget panels.
+    "To an extent, this has become the minimum acceptable
+reduction level," he explained. "Anything less than that will now
+look like a failure to Wall Street."
+    The budget plan now under debate on the House floor would
+lower an estimated 171 billion dlr deficit for the year
+beginning on October one to about 133 billion dlrs by cutting
+defense and domestic programs by 38 billion dlrs from their
+anticipated spending levels for next year.
+    The Senate Budget Committee has called for a deficit of
+nearly 134 billion dlrs with about 18.5 billion dlrs in new 
+taxes and about the same amount in spending cuts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4336" NEWID="15353">
+<DATE> 8-APR-1987 17:39:20.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2704&#31;reute
+b f BC-FORD-&lt;F>-EXTENDS-BUYE   04-08 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> EXTENDS BUYER INCENTIVE PROGRAM</TITLE>
+<DATELINE>    DEARBORN, Mich., April 8 - </DATELINE><BODY>Ford Motor Co said it has
+extended to April 30 its buyer incentive program on 1986 and
+1987 Ford Escort and Tempo, and Mercury Lynx and Topaz.
+    Consumers will have a choice of 3.9 pct to 9.9 pct annual
+percentage rate financing or a cash rebate of up to 600 dlrs.
+    Earlier Ford extended its incentive program to April 30 on
+its Taurus and Mercury Sable and several lines of light trucks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4536" NEWID="15354">
+<DATE> 8-APR-1987 17:39:45.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2705&#31;reute
+r f BC-STEWART-AND-STEVENSON   04-08 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEWART AND STEVENSON SERVICES &lt;SSSS> 4TH QTR</TITLE>
+<DATELINE>    HOUSTON, April 8 - </DATELINE><BODY>4th qtr ended Jan 31.
+    Shr profit 72 cts vs profit 14 cts
+    Net profit 3,309,000 vs 609,000
+    Revs 72 mln vs 65 mln
+    Year
+    Shr profit nil vs loss 4.13 dlrs
+    Net profit 1,000 vs loss 19 mln
+    Revs 245 mln vs 269.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4537" NEWID="15355">
+<DATE> 8-APR-1987 17:40:42.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2706&#31;reute
+d f BC-ORS-&lt;ORSC>-CHAIRMAN-R   04-08 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORS &lt;ORSC> CHAIRMAN RESIGNS AFTER CONVICTION</TITLE>
+<DATELINE>    TULSA, Okla., April 8 - </DATELINE><BODY>Robert A. Alexander resigned
+yesterday as chairman, president and director of ORS Corp
+following his conviction in the United States District Court in
+Tulsa of seven counts of mail and wire fraud, the company said.
+    The company, which will appoint an interim president, said
+Alexander plans to appeal the conviction.
+    The company said it was not charged in Alexander's
+indictment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4339" NEWID="15356">
+<DATE> 8-APR-1987 17:41:26.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2711&#31;reute
+d f BC-WESTAMERICA-BANCORPOR   04-08 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTAMERICA BANCORPORATION &lt;WSAM> 1ST QTR NET</TITLE>
+<DATELINE>    SAN RAFAEL, Calif., April 8 - 
+    </DATELINE><BODY>Shr 98 cts vs 63 cts
+    Net 2,602,000 vs 1,571,000
+    Assets 1.15 billion vs 1.02 billion
+    Deposits 1.04 billion vs 942.1 mln
+    Loans 834.8 mln vs 729.0 mln
+    Return on avg assets 0.92 pct vs 0.63 pct
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4539" NEWID="15357">
+<DATE> 8-APR-1987 17:41:35.66</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2712&#31;reute
+u f BC-colombia-coffee-regis   04-08 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA COFFEE REGISTRATIONS REMAIN OPEN</TITLE>
+<DATELINE>    BOGOTA, April 8 - </DATELINE><BODY>Colombia's coffee export registrations
+remain open and there are no plans to close them since a new
+marketing policy means an unlimited amount can be registered,
+Gilberto Arango, president of the private exporters'
+association said.
+    "The philosophy of the new policy is not to close
+registrations. Nobody so far said may would be closed," he told
+Reuters.
+    On March 13, Colombia opened registrations for April and
+May for an unlimited amount.
+    Without giving breakdowns, Arango said private exporters
+had registered 1,322,804 bags this calendar year up to April 6,
+or roughly 440,000 bags per month, slightly lower than the
+average in recent years.
+    He estimated the amount of bags registered by the national
+coffee growers' federation at about the same, meaning a total
+of about 900,000 bags registered and sold per month by
+Colombia.
+    "The only change that could happen is, because of the
+volume, we would be told that from such a date, registrations
+would be for June shipment, etc" Arango said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4341" NEWID="15358">
+<DATE> 8-APR-1987 17:43:54.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2716&#31;reute
+r f BC-ALBERTA-ENERGY-PLANS   04-08 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALBERTA ENERGY PLANS DEBENTURE ISSUE</TITLE>
+<DATELINE>    CALGARY, Alberta, April 8 - </DATELINE><BODY>&lt;Alberta Energy Co Ltd> said it
+filed a preliminary prospectus for an issue of convertible
+debentures, which may total 100 mln dlrs depending on market
+conditions.
+    It said it had not yet determined the interest rate,
+conversion terms, maturity date or size of the issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4342" NEWID="15359">
+<DATE> 8-APR-1987 17:45:41.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2722&#31;reute
+d f BC-GATEWAY-BANCORP-INC-&lt;   04-08 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATEWAY BANCORP INC &lt;GBAN> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 8 -
+    </DATELINE><BODY>Shr 32 cts vs 34 cts
+    Net 902,178 vs 662,647
+    Deposits 174.7 mln vs 134.4 mln
+    NOTE: Per share amounts adjusted to reflect 10-for-one
+stock split effective Sept 16, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4343" NEWID="15360">
+<DATE> 8-APR-1987 17:46:02.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2723&#31;reute
+h f BC-SELAS-CORP-OF-AMERICA   04-08 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SELAS CORP OF AMERICA &lt;SLS> SETS SALE/LEASEBACK</TITLE>
+<DATELINE>    DRESHER, Pa., April 8 - </DATELINE><BODY>Selas Corp of America said it
+signed a letter of intent for a three mln dlr sale and
+leaseback of its corporate offices and plants.
+    The sale is subject to a number of conditions, including
+approval by the board and the unidentified buyer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4344" NEWID="15361">
+<DATE> 8-APR-1987 17:46:26.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2725&#31;reute
+r f BC-INVESTOR-CHARGES-WITH   04-08 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR CHARGES WITH STOCK MANUPULATION</TITLE>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>William Rodman, a 43-year-old New York
+investor was indicted for allegedly plotting to manipulate the
+price of three over-the-counter stocks to drive up their prices
+and create interest in the companies.
+    Rodman was also charged with securities and wire fraud
+stemming from the alleged manipulation of the stocks of Memory
+Metals Inc &lt;MRMT>, Memory Protection Devices Inc &lt;MPDI> and
+&lt;Intravision Inc>, beginning in January 1984.
+    The indictment charged that Rodman and other unnamed
+co-conspirators bought and sold the stocks through 100 accounts
+in at least 35 broker-dealer firms.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4540" NEWID="15362">
+<DATE> 8-APR-1987 17:57:03.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2744&#31;reute
+u f AM-DEBT-BRASIL   04-08 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUNARO SAYS BRAZIL'S CREDITORS MUST TRUST HIM</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Brazilian Finance Minister Dilson
+Funaro, who suspended interest payments to creditor banks two
+months ago, said creditors had to trust him when he said Brazil
+would achieve a trade surplus large enough to continue
+servicing its debt.
+    Speaking to reporters at the Brazilian Embassy, Funaro said
+he would not seek approval of Brazil's economic program outside
+his country, but added, "At the same time we show credibility,
+you (the banks) are going to have to trust us."
+    Asked if creditor banks would accept Brazil's refinancing
+needs based on a new economic program not endorsed by the
+International Monetary Fund, Funaro said, "What other options do
+they have?...They have to try to see our program."
+    Funaro, who is in Washington to attend the Interim
+Committee and Development Committee meetings of the World Bank
+and IMF, said he unveiled his refinancing proposals to the
+major creditor banks in New York yesterday.
+    According to Funaro, the creditor banks "agreed on the need
+to find a solution to the crisis." He did not elaborate.
+    Funaro said the commercial banks agreed on Brazil's need
+for economic growth and added that creditors were aware that
+Brazil cannot continue to export the 24 billion dlrs in net
+capital that it transferred over the past three years.
+    He also said that he told bankers about Brazil's needs to
+ensure a seven pct average growth and eight billion to 11
+billion dlr trade surplus until 1991.
+    Administration officials familiar with the negotiations
+said Brazil's new economic measures did not make much sense
+based on current conditions in that country, and added that
+they saw long and difficult negotiations ahead.
+    Lewis Preston, chairman of J.P. Morgan and Co. Inc., told
+Reuters he remains hopeful that Brazil and its foreign bank
+creditors will reach a debt rescheduling agreement before the
+end of the year.
+    But Preston, who did not attend the meeting between Funaro
+and creditor banks yesterday, added the onus is still on Brazil
+to put its economic house in order first.
+    "They haven't even come up with a plan yet," Preston said
+after Morgan's annual meeting in New York today.
+    Funaro, however, said most creditor banks had
+representatives in Brazil who were well aware of Brazil's new
+economic measures, designed to curb a surge in inflation and
+spending and a sharp drop in exports.
+    Funaro called Brazil's program very responsible and very
+strong, adding that "it is very different from other years,
+there has been a tremendous change."
+    Based on Brazil's current economic situation - suspension
+of interest payments on 67 billion dlrs owed to banks, 200 pct
+inflation and the need of four billion dlrs in new loans every
+year until 1991 - he said he was faced with two options.
+REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4541" NEWID="15363">
+<DATE> 8-APR-1987 17:59:37.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2750&#31;reute
+u f BC-MORE-AMERICAN-BRANDS   04-08 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE AMERICAN BRANDS &lt;AMB> ACQUISITIONS SEEN</TITLE>
+<AUTHOR>    By PATTI DOMM, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>American Brands Inc's 545 mln dlrs
+acquisition of National Distillers and Chemical Corp's liquor
+business is expected to be one of a series of acquisitions by
+the tobacco company, analysts said.
+     "They were very frustrated with their inability to get
+Chesebrough. They said they were looking for an acquisition. It
+doesn't surprise me that they came up with another one," said
+Allan Kaplan of Merrill Lynch and Co.
+    American Brands failed late last year in its 2.9 billion
+dlrs bid for Chesebrough-Ponds Inc when Unilever N.V. agreed to
+buy the company. But since then, Wall Street has been
+speculating that American Brands would find another candidate
+to help reduce its earnings exposure to tobacco.
+    "This is just typical," said George Thompson of
+Prudential-Bache securities. "There's going to be more to come
+here. American Brands had to make an acquisition because
+tobacco is still a significant part of earnings. Their position
+is a little less favorable than Philip Morris and RJ Reynolds,"
+he said.
+cash flow from its low growth tobacco, but the tobacco business
+does require great amounts of capital expenditures. It can
+therefore use its funds to make acquisitions. Analysts said the
+National Distillers' spirits company, which makes Gilbey's gin
+and vodka, Old Grandad and Old Crow whiskey, is not quite the
+type of acquisition they envisioned.
+    "The distilled spirits business has been in a steady
+gradual decline for sometime, as has the tobacco business,"
+said Thompson.
+ REUTER...
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4347" NEWID="15364">
+<DATE> 8-APR-1987 18:00:34.46</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2752&#31;reute
+r f BC-BUNDESBANK-CALLS-FOR   04-08 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK CALLS FOR CENTRAL BANK COOPERATION</TITLE>
+<DATELINE>    FRANKFURT, April 8 - </DATELINE><BODY>Bundesbank board member Claus Koehler
+called on central banks of major industrialised nations to
+cooperate closely on exchange and interest rate policies.
+    In a lecture at the University of Surrey, pre-released
+here, Koehler said that the only alternative to cooperation was
+protectionism and control on capital movements.
+    "Central banks have sufficient experience of exchange market
+transactions to steer exchange rates where they want to have
+them," he said. He added that West German growth forecasts would
+have to be revised downward because of the recent dollar drop
+to 1.80 marks from above two marks at the start of 1987.
+    Koehler said that transactions on foreign exchange markets
+had parted company with transactions in goods, services and
+investments. It was the scale of speculative transactions that
+determined market trends.
+    Speculative inflows could cause monetary aggregates to
+grow. To reverse such a rise in the money stock, interest rates
+would have to be lowered to allow funds to drain off.
+    "In other words, the monetary policy measures required are
+different from -- and sometimes diametrically opposed to --
+those needed when the money stock is increasing as a result of
+mounting economic activity," Koehler said.
+    The dollar fall was one means of reducing the massive U.S.
+Current account deficit. But attempts to keep the depreciation
+going by talking the dollar down posed problems.
+    The sharp drop of the dollar had led to an immediate steep
+rise in the cost of U.S. Imports and a sharp fall in the cost
+of European imports. But the volume effect of falling imports
+to the U.S. And rising imports to Europe would take time to
+make itself felt compared with the price effect.
+    "Hence the depreciation of the dollar may well be going
+further than would be necessary to adjust the current account
+over the medium term," Koehler said.
+    A reduction in the U.S. Current account deficit would occur
+only if the growth rate of GNP was higher than domestic demand.
+In Japan and West Germany by contrast, domestic demand should
+rise faster than GNP.
+    "In Germany this did indeed happen in 1986," Koehler said.
+    If a further appreciation of the dollar was to be
+prevented, the U.S. Current account deficit could be offset by
+an inflow of foreign funds into the U.S..
+    But only if there was an appropriate interest rate
+differential would Europe and Japan look for financial
+investment in the U.S.
+    When selecting monetary policy instruments, a central bank
+had to pay greater heed than in the past to the impact its
+measures might have on expectations and consequent decisions.
+    Koehler said the Bundesbank was changing money market rates
+by operating on the open market rather than adjusting leading
+interest rates because of the signal this gives to the market
+and its substantial impact on exchange rates.
+    It was not only important to achieve the domestic goals of
+price stability, economic growth and full employment but also
+to tackle international problems like the exchange rate
+problem, the debt problem and the current account problem.
+    A strategy had to be designed that helped "the safeguarding
+of non-inflationary economic growth in an international
+monetary system largely free of disruptions," Koehler said.
+    Given the system of floating exchange rates, it was
+necessary for central banks to agree to intervene. It sufficed
+to tell the market where central banks saw exchange rates over
+the next few years and intervention points should not be set,
+because they were only testing points for the market, he said.
+    In order to keep the international monetary system free of
+disruptions central banks should not only intervene jointly but
+also cooperate on interest rate policies, Koehler said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4348" NEWID="15365">
+<DATE> 8-APR-1987 22:06:03.67</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2885&#31;reute
+u f BC-AUSTRALIAN-UNEMPLOYME   04-08 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN UNEMPLOYMENT RISES IN MARCH</TITLE>
+<DATELINE>    CANBERRA, April 9 - </DATELINE><BODY>Australia's seasonally adjusted
+unemployment rate rose to 8.4 pct of the estimated workforce in
+March from 8.2 pct in February and 7.9 pct a year earlier, the
+Statistics Bureau said.
+    The number of jobless rose to 650,700 from 631,900 in
+February and 593,200 a year earlier, the Bureau said.
+    Unadjusted, the number of unemployed rose to 702,600 from
+699,600 in February but the rate eased to 9.0 pct from 9.1,
+reflecting a slight increase in the estimated workforce. In
+March 1986, 640,400 persons, or 8.5 pct of the workforce, were
+out of work.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4349" NEWID="15366">
+<DATE> 8-APR-1987 22:23:34.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2893&#31;reute
+u f BC-CSR-SAYS-IT-IS-RETAIN   04-08 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSR SAYS IT IS RETAINING NON-DELHI GAS-OIL STAKES</TITLE>
+<DATELINE>    SYDNEY, April 9 - </DATELINE><BODY>CSR Ltd &lt;CSRA.S> said its sale of &lt;Delhi
+Petroleum Pty Ltd> will not affect the other oil and gas
+interests it manages or operates.
+    CSR sold Delhi, which holds an average 25 pct in the Santos
+Ltd &lt;STOS.S>-led Cooper-Eromanga Basin onshore gas and liquids
+joint ventures, to an Exxon Corp &lt;XON> unit for 985 mln dlrs on
+April 1.
+    In a statement to clarify the position, CSR said it will
+retain its Roma Gas unit, the associated Roma-Brisbane gas
+pipeline and the Bula oilfield on Seram, Indonesia, plus
+exploration interests in Queensland and Hainan Island, China.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4543" NEWID="15367">
+<DATE> 8-APR-1987 23:23:26.44</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2924&#31;reute
+u f BC-JAPAN-MINISTRY-HAS-NO   04-08 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MINISTRY HAS NO COMMENT ON RICE TALKS REPORT</TITLE>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>The Agriculture Ministry declined comment
+on a local newspaper report that Japan had agreed to hold talks
+on its closed rice market in the new GATT round.
+    "We have no idea about the report and cannot comment," a
+spokesman told Reuters.
+    Nihon Keizai Shinbun, quoting unnamed government sources,
+said Japan would tell U.S. Agriculture Secretary Richard Lyng
+and U.S. Trade Representative Clayton Yeutter of its
+intentions. The two are due to visit Japan later this month for
+farm talks.
+    The U.S. Has been pressing Japan to discuss the rice issue
+at the new round of General Agreement on Tariffs and Trade
+talks. But Japan has said GATT is not the right forum.
+    Imports of rice to Japan are banned under the Foodstuff
+Control Act.
+    Nihon Keizai said Japan's plan resulted from worries about
+mounting trade tension with the U.S. At the GATT talks, Japan
+will try to persuade the U.S. That its rice policy is
+justified, it said.
+    The 93-nation world trade body began the Uruguay trade
+round last September. It will take four years to negotiate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4351" NEWID="15368">
+<DATE> 8-APR-1987 23:28:21.56</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>japan</D><D>venezuela</D><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C
+&#22;&#22;&#1;f2929&#31;reute
+u f BC-SHOWA-DENKO-EXPORTS-A   04-08 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHOWA DENKO EXPORTS ALUMINIUM CASTING EQUIPMENT</TITLE>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>&lt;Showa Denko Ltd> said it is exporting
+aluminium billet casting equipment and technology to countries
+that have recently begun aluminium smelting.
+    A company official said it won a 500 mln yen order to
+deliver 10 sets of casting equipment to Venezuela's Venalum by
+end-1987. He said it received an order for one set from
+Aluminium Bahrain B.S.C. Last year and expects further orders
+from the Bahrain smelter.
+    Showa Denko withdrew from smelting last year but expects to
+increase its sales of equipment and technology, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4352" NEWID="15369">
+<DATE> 8-APR-1987 23:49:48.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>douglas</D><D>lange</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2932&#31;reute
+u f BC-N.Z.-GOVERNMENT-POPUL   04-08 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. GOVERNMENT POPULARITY RISES AHEAD OF ELECTION</TITLE>
+<AUTHOR>    By Christopher Pritchett, Reuters</AUTHOR>
+<DATELINE>    WELLINGTON, April 9 - </DATELINE><BODY>New Zealand's ruling Labour Party
+government has just completed its three-year economic reform
+which threw thousands of people out of work, yet its popularity
+has risen as the September deadline for the election draws
+closer, a recent poll shows.
+    An Eyewitness/Heylen Poll, conducted for Television New
+Zealand's Eyewitness news broadcast on April 2, showed Labour
+had the support of 50 pct of voters compared with the
+opposition National Party's 46 pct.
+    The figures had been reversed in a poll a month earlier.
+    The poll showed 40 pct of the canvassed voters thought the
+economy would improve over the next year, up 12 points on last
+month's result.
+    The increase came in a week when the government turned
+seven departments into nine profit-oriented corporations run by
+businessmen who promptly sacked some 4,000 employees, including
+half the country's 1,700 coal miners.
+    The latest survey confounded those who proclaimed Labour's
+days were numbered because of perceived insensitivity to its
+traditional backers, the workers, political analysts said.
+    The poll indicates people are swinging behind the party and
+the arguments of Finance Minister Roger Douglas, who has
+presided over the deregulation of the economy and the
+construction of one based on market forces without subsidies or
+currency controls, the analysts said.
+    The economic reforms, by a party increasingly regarded in
+New Zealand as more akin to the West European-style Social
+Democrats than working class socialists, have rattled the
+National Party, which is now regretting it was not as
+innovative in the decade it ruled until Prime Minister Robert
+Muldoon was ousted in 1983, one analyst said.
+    The National Party was further shaken, the analyst said,
+when the Press, a Christchurch daily, said on April 2 the party
+was "on the verge of flying apart" with the prospect of a coup
+attempt against leader Jim Bolger by Muldoon. Bolger said the
+article was an April Fool's joke.
+    Labour's reforms have brought unexpectedly strong tax
+revenues, a lower budget deficit and less state borrowing, an
+improvement in the balance of payments, a reduction in foreign
+debt and improved productivity, economists said.
+    Inflation should peak at 19.5 pct in the quarter ended
+March 31 and fall to about eight pct within a year, they said.
+    Labour's reforms have hit every sector, but the most
+dramatic was the "corporatisation" of seven government
+departments on April 1, which critics argue is the first stage
+step towards the sale of state assets, the analysts said.
+    The move stops short of privatisation, as the state will
+retain ownership, but the new corporations are expected to be
+financially self-supporting and pay dividends.
+    Arguments have already broken out over money. One utility,
+Electricorp, said its assets are worth less than 3.8 billion
+dlrs yet the Treasury wants 8.5 billion for them.
+    No agreement has been reached on the value of assets of the
+former forest service, the analysts added.
+    Chairman Alan Gibbs said in a speech the forest service had
+been losing 100 mln dlrs annually, yet due to economies it now
+employed less than 30 pct of its previous workforce and the new
+corporation would pay the state a dividend of at least 20 mln
+dlrs in its first year.
+    Uncertainties have also arisen over the government, as the
+only shareholder, retaining the right to order the new
+corporations to undertake certain projects although the full
+cost must be met by the state, the analysts said.
+    Deputy prime minister Geoffrey Palmer said managers would
+be held accountable for performance, with the government paying
+for projects undertaken for social or environmental reasons.
+    This policy has already caused problems, the analysts
+added. For example, Electricorp has refused to spend several
+hundred million dlrs to build a hydro project at Luggate,
+further up the Clutha river from the Clyde high dam now under
+construction in Central Otago.
+    Prime Minister David Lange said this week that Labour MPs
+had decided last year that Luggate be built and it was
+important that the government honour its promises.
+    "But it is also a matter of importance that we do not see
+many more jobs lost because of economic distortion than we
+would save by having that promise honoured to the last," he
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" CSECS="855360000" OLDID="5045" NEWID="15370">
+<DATE>9-APR-1987 00:00:00.00    # date added by S Finch as guesswork </DATE>
+<MKNOTE>All 5 tag fields and the date field added by SPF</MKNOTE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> &#5;&#5;&#5;F
+&#22;&#22;&#1;f2674&#31;reute
+b f BC-HOSPITAL-CORP-OF-AMER   04-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOSPITAL CORP OF AMERICA &lt;HCA> GETS MERGER BID</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Hospital Corp of America said it
+received a letter today from an investor group offering to buy
+the company for 47 dlrs a share.
+    Based on 82 mln outstanding shares, the offer is worth
+about 3.85 billion dlrs. But the company said that it would
+take more than five billion dlrs to consummate the merger and
+retire certain company debt.
+    It said it does not believe the offer is in the best
+interest of shareholders, but added that it is referring the
+matter to its board for discussions and would respond in due
+course.
+    Hospital Corp of America said the letter was sent by
+Charles Miller and Richard Ragsdale, two former officers of
+&lt;Republic Health Corp>, and Richard Scott, a partner in a
+Dallas law firm.
+    The investors' letter stated that based on discussions with
+several major financial institutions they were confident
+financing for the transaction could be arranged, Hospital Corp
+of America said. But it said the letter did not indicate that
+the investors had made arrangements to obtain financing.
+    It said no further significant details were outlined in the
+letter.
+    Hospital Corp of America, a manager and owner of hospitals,
+earned 174.6 mln dlrs or 2.08 dlrs a share, on revenues of 4.93
+billion dlrs in 1986.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4545" NEWID="15371">
+<DATE> 9-APR-1987 00:04:07.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0003&#31;reute
+u f BC-GOODMAN-FIELDER-PLANS   04-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODMAN FIELDER PLANS 100 MLN DLR NOTE FACILITY</TITLE>
+<DATELINE>    HONG KONG, April 9 - </DATELINE><BODY>&lt;Goodman Fielder Ltd>, an Australian
+food products and supermarket firm, is planning a 100 mln U.S.
+Dlr multi-option note issuance facility, lead manager BT Asia
+Ltd said.
+    Under the three-year "evergreen" facility, which can be
+extended annually, notes will be issued by its subsidiaries
+&lt;Goodman Fielder New Zealand Ltd> and &lt;Goodman Fielder
+Industries Ltd> and guaranteed by the parent company.
+    The facility is underwritten up to 75 mln dlrs at a maximum
+of 17.5 basis points over the London interbank offered rate.
+The underwriting fee is 10 basis points, BT Asia said.
+    The facility will allow the issuers to opt for notes not
+exceeding 50 mln Australian dlrs and 50 mln New Zealand dlrs on
+a non-underwritten basis, but the outstanding total is limited
+to 100 mln U.S. Dlrs, BT Asia said.
+    The notes, in denominations of 100,000 U.S. Or Australian
+or New Zealand dlrs, will have maturities of one to 12 months.
+    The borrower has a further option to issue, also on a
+non-underwritten basis, medium term notes with maturities of
+one to three years, it added.
+    The management fee was not disclosed and syndication is
+expected to close tomorrow.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4546" NEWID="15372">
+<DATE> 9-APR-1987 01:28:42.04</DATE>
+<TOPICS><D>acq</D><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0035&#31;reute
+u f BC-ECONOMIC-SPOTLIGHT--   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC SPOTLIGHT - TELECOM IS KEY JAPAN MINISTRY</TITLE>
+<AUTHOR>    By Linda Sieg, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>Japan's little-known Ministry of Posts and
+Telecommunications (MPT) has emerged as an international force
+to be reckoned with, political analysts said.
+    MPT, thrust into the spotlight by trade rows with the U.S.
+And Britain, is in a position of strength due to its control of
+a lucrative industry and its ties with important politicians,
+they said.
+    "The ministry is standing athwart the regulatory control of
+a key industrial sector, telecommunications and information,"
+said one diplomatic source.
+    "They are a potent political force," the diplomatic source
+said.
+    But MPT is finding domestic political prowess does not
+always help when it comes to trade friction diplomacy, analysts
+said.
+    "The ministry was a minor ministry and its people were not
+so internationalized," said Waseda University professor Mitsuru
+Uchida. "Suddenly they're standing at the centre of the world
+community and in that sense, they're at a loss (as to) how to
+face the situation."
+    Most recently the ministry has been embroiled in a row with
+London over efforts by Britain's Cable and Wireless Plc to keep
+a major stake in one of two consortia trying to compete in
+Japan's lucrative overseas telephone business.
+    The ministry has favoured the merger of the two rival
+groups, arguing the market cannot support more than one
+competitor to Kokusai Denshin Denwa Co Ltd, which now
+monopolizes the business.
+    It has also opposed a major management role in the planned
+merger for any non-Japanese overseas telecommunications firm on
+the grounds that no such international precedent exists.
+    The ministry's stance has outraged both London, which has
+threatened to retaliate, and Washington, which says the merger
+plan is evidence of Japan's failure to honour pledges to open
+its telecommunications market.
+    Washington is also angry over other ministry moves which it
+says have limited access for U.S. Firms to Japan's car
+telephone and satellite communications market.
+    Much of MPT's new prominence stems from the growth of the
+sector it regulates.
+    "What has been happening is an important shift in the
+economy which makes the ministry a very important place," said
+James Abegglen, head of the consulting firm Asia Advisory
+Service Inc.
+    A decision to open the telecommunications industry to
+competition under a new set of laws passed in 1985 has boosted
+rather than lessened MPT's authority, analysts said.
+    "With the legal framework eased, they became the de facto
+legal framework," said Bache Securities (Japan) analyst Darrell
+Whitten.
+    Close links with the powerful political faction of the
+ruling Liberal Democratic Party (LDP) nurtured by former Prime
+Minister Kakuei Tanaka are another key to MPT's influence, the
+analysts said.
+    "Other factions ignored MPT (in the 1970s), but the Tanaka
+faction was forward looking and ... Recognized the importance
+of MPT," Uchida said. Many former bureaucrats became members of
+the influential political group, he added.
+    The ministry also has power in the financial sector due to
+the more than 100,000 billion yen worth of deposits in the
+Postal Savings System, analysts said.
+    MPT has helped block Finance Ministry plans to deregulate
+interest rates on small deposits, a key element in financial
+liberalisation, since the change would remove the Postal
+Savings System's ability to offer slightly higher rates than
+banks, they said.
+    Diplomatic sources, frustrated with what they see as MPT's
+obstructionist and protectionist posture, have characterized
+the ministry as feudal.
+    Critics charge MPT with protecting its own turf, limiting
+competition and sheltering the former monopolies under its
+wing. Providing consumers with the best service at the lowest
+price takes a back seat to such considerations, they said.
+    But many of the ministry's actions are not unlike those of
+its bureaucratic counterparts in much of the Western world
+including Britain, several analysts said.
+    "The United States is really the odd man out," Abegglen said.
+"For a government to take the view that it wants to keep order
+in utilities markets is not an unusual and/or unreasonable
+view," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5267" NEWID="15373">
+<DATE> 9-APR-1987 01:57:22.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0053&#31;reute
+u f BC-MEMBERS-OF-JAPAN'S-RU   04-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEMBERS OF JAPAN'S RULING PARTY SHUN NAKASONE</TITLE>
+<AUTHOR>    By Yuko Nakamikado</AUTHOR>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>Members of prime minister Yasuhiro
+Nakasone's ruling Liberal Democratic Party (LDP) have shunned
+his support in their campaigns for upcoming local elections.
+    "His presence will do more harm than good," an LDP candidate
+in Tokyo told Reuters. The candidate is one of several
+conservatives who have rebelled and joined the public outcry
+against Nakasone's proposal for a five pct sales tax.
+    Political analysts said Nakasone might have to step down
+before the Venice summit of industrial democracies on June 8-10
+if the LDP lost too many major local seats.
+    Nakasone's popularity has dropped sharply since he led his
+party to its greatest-ever election victory last July, and
+analysts said the proposed tax was one reason for the decline.
+    Over 2,500 local seats will be filled during two rounds of
+polling. The first round is on Sunday, the second on April 26.
+    Political analysts said a seat to watch would be the
+governorship of Fukuoka, southern Japan. The LDP and two centre
+parties are challenging the incumbent governor, Hachiji Okuda,
+who is supported by the opposition socialist and communist
+parties.
+    The proposed tax is a key campaign issue.
+    "The LDP and the centrist parties should have about
+1,350,000 votes against 700,000 for Okuda. But Okuda is the
+incumbent and has the sales tax weapon," said Rei Shiratori,
+professor of political science at Dokkyo University.
+    "Nakasone will serve out his term to the end of October if
+the LDP wins in Fukuoka," he said.
+    Analysts believe the opposition is likely to win the
+governorship of the northern island of Hokkaido.
+    But Kenzo Uchida, professor of political science at Hosei
+University, said, "Nakasone can afford to get fairly tough if
+the LDP loses only in Hokkaido."
+    The opposition parties are campaigning to scrap the sales
+tax proposal.
+    The tax is one of the main pillars of Nakasone's plan to
+overhaul the tax system, which has remained unchanged for 36
+years.
+    It is also a key element in plans to boost Japanese
+domestic demand and cut back on exports. Without the tax
+revenue the government would have less to spend on stimulating
+the economy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5283" NEWID="15374">
+<DATE> 9-APR-1987 02:08:01.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>asx</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0059&#31;reute
+u f BC-AUSTRALIAN-SHARE-MARK   04-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN SHARE MARKET CLOSES AT ALL-TIME HIGHS</TITLE>
+<DATELINE>    SYDNEY, April 9 - </DATELINE><BODY>Keen demand for gold stocks and quality
+industrials pushed the Australian share market to all-time
+highs in active trading, brokers said.
+    A higher close on Wall Street, a strong local dollar and
+easier domestic interest rates boosted sentiment in the
+industrial sector, while demand for gold stocks continued
+despite a slightly softer bullion price.
+    Brokers said Western Mining featured in trading, gaining 30
+cents to 9.00 dlrs after announcing a five-for-eight bonus
+issue. By the close of trading, the all ordinaries index had
+risen 12.5 points above yesterday's close to a record 1,771.6.
+    The all industrials index gained 20.8 points to 2,639.3 and
+the all resources 6.2 to 1,110.2. The gold index passed
+yesterday's record close by 73.6 points to reach 3,156.2.
+    National turnover was a high 206.7 mln shares worth 376.3
+mln dlrs, with rises outnumbering falls five to three.
+    Turnover was boosted by a large number of special sales,
+including one for 5.0 mln Kalimantan Gold at 65 cents, 5.95 mln
+Minora Resources at 23 cents, 3.57 mln Barrier Reef at 65, and
+about 13 specials in Elders IXL totalling more than 2.0 mln
+shares, brokers said. Elders rose 14 to 5.64 as more than 6.0
+mln traded following news it will float Courage hotels.
+    Elsewhere in the industrials sector, investors concentrated
+on banking and insurance stocks and those in the food and
+alcohol and tobacco sectors. ANZ gained 12 cents to 3.70 dlrs,
+Westpac and National Australia four each to 5.06 and 5.64, and
+FAI 10 to 10.60 after reaching a high of 10.90.
+    Goodman Fielder advanced 10 to 4.60, Southern Farmers 20 to
+8.40, and Arnotts 10 to 4.70. Amatil gained 10 to 10.70 and
+Rothmans 20 to 7.20.
+    Others to gain included Bell Group, up 15 to 10.85, IEL, 16
+higher at 5.36, and Wormald, up 20 at 3.65. Coles Myer rose 20
+to 7.00 after reports it plans to expand overseas.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4564" NEWID="15375">
+<DATE> 9-APR-1987 02:18:23.02</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>west-germany</D><D>japan</D><D>italy</D><D>canada</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0061&#31;reute
+u f BC-G-7-ISSUES-STATEMENT   04-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 ISSUES STATEMENT AFTER MEETING</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Following is the text of a statement
+by the Group of Seven -- the U.S., Japan, West Germany, France,
+Britain, Italy and Canada -- issued after a Washington meeting
+yesterday.
+    1. The finance ministers and central bank governors of
+seven major industrial countries met today.
+    They continued the process of multilateral surveillance of
+their economies pursuant to the arrangements for strengthened
+economic policy coordination agreed at the 1986 Tokyo summit of
+their heads of state or government.
+    The managing director of the International Monetary Fund
+also participated in the meeting.
+    2. The ministers and governors reaffirmed the commitment to
+the cooperative approach agreed at the recent Paris meeting,
+and noted the progress achieved in implementing the
+undertakings embodied in the Louvre Agreement.
+    They agreed, however, that further actions will be
+essential to resist rising protectionist pressures, sustain
+global economic expansion, and reduce trade imbalances.
+    In this connection they welcomed the proposals just
+announced by the governing Liberal Democratic Party in Japan
+for extraordinary and urgent measures to stimulate Japan's
+economy through early implementation of a large supplementary
+budget exceeding those of previous years, as well as
+unprecedented front-end loading of public works expenditures.
+    The government of Japan reaffirmed its intention to further
+open up its domestic markets to foreign goods and services.
+    3. The ministers and governors reaffirmed the view that
+around current levels their currencies are within ranges
+broadly consistent with economic fundamentals and the basic
+policy intentions outlined at the Louvre meeting.
+    In that connection they welcomed the strong implementation
+of the Louvre Agreement.
+    They concluded that present and prospective progress in
+implementing the policy undertakings at the Louvre and in this
+statement provided a basis for continuing close cooperation to
+foster the stability of exchange rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4549" NEWID="15376">
+<DATE> 9-APR-1987 03:12:19.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0092&#31;reute
+u f BC-HONDA-TO-SELL-FOUR-WH   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONDA TO SELL FOUR-WHEEL STEERING CARS</TITLE>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>Honda Motor Corp &lt;HMC.T> will sell cars
+equipped with four-wheel steering in Japan from tomorrow and
+will export the cars to the U.S. And Europe later this year,
+company officials said.
+    They told a press conference shipments to the U.S. Will
+begin around July and to Europe around October.
+    Four-wheel steering will be available on the Prelude saloon
+at an added cost of 80,000 yen, they said.
+    Honda expects to sell 48,000 Prelude saloons in Japan and
+to ship 80,000 to the U.S., 10,000 to Canada and 20,000 to
+Europe by year-end.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4550" NEWID="15377">
+<DATE> 9-APR-1987 03:16:30.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0102&#31;reute
+u f BC-BRITISH-AIRWAYS-ISSUE   04-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AIRWAYS ISSUES 100 MLN STG EUROBOND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>British Airways Plc &lt;BAB.L> is issuing a
+100 mln stg eurobond due May 6, 1997, paying 9-1/2 pct and
+priced at 101-1/2, lead manager Union Bank of Switzerland said.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 stg and will be listed in London. The selling
+concession is 1-1/4 pct while management and underwriting
+combined pays 3/4 pct.
+    Payment date is May 6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5271" NEWID="15378">
+<DATE> 9-APR-1987 03:28:44.13</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0119&#31;reute
+b f BC-BANK-OF-FRANCE-TO-HOL   04-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE TO HOLD MONEY MARKET TENDER TODAY</TITLE>
+<DATELINE>    PARIS, April 9 - </DATELINE><BODY>The Bank of France said it has invited
+offers of first category paper today for a money market
+intervention tender.
+    Money market operators were divided over whether the Bank
+of France will use to occasion to cut its intervention rate,
+which has stood at 7-3/4 pct since March 9.
+    Some thought a price cut unlikely while others said there
+was room for a further 1/4 point cut by the bank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5272" NEWID="15379">
+<DATE> 9-APR-1987 03:35:29.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0124&#31;reute
+f f BC-RIO-TINTO-ZINC-CORP-P   04-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RIO TINTO-ZINC CORP PLC 1986 PRETAX PROFIT 601.7 mln stg
+vs 614.4 mln
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4553" NEWID="15380">
+<DATE> 9-APR-1987 03:52:22.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0139&#31;reute
+b f BC-RIO-TINTO-ZINC-NET-AT   04-09 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIO TINTO-ZINC NET ATTRIBUTABLE PROFIT LOWER</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Year to December 31, 1986
+    SHR 78.91p vs 83.05p
+    DIV 16.5p making 23.5p vs 22p
+    PRETAX PROFIT 601.7 mln stg vs 614.4 mln
+    NET ATTRIBUTABLE PROFIT 245 mln stg vs 257 mln
+    TURNOVER 3.34 billion stg vs 3.09 billion
+    Note - Accounts have been restated
+    Full name of company is Rio Tinto-Zinc Corp Plc &lt;RTZL.L>
+    Group operating profit 529.4 mln stg vs 470.7 mln
+    Operating costs 2.81 billion stg 2.63 billion
+    Share of profit less losses of related companies 104.4 mln
+stg vs 165.0 mln
+    Interest receivable/other income 41.5 mln stg vs 47.4 mln
+    Interest payable 73.6 mln stg vs 68.7 mln
+    Tax 274.8 mln stg vs 277.1 mln
+    Leaving 326.9 mln stg vs 337.3 mln
+    RTZ' investment in Australian associate CRA has been equity
+accounted for 1986 and 1985 figures restated on the same basis
+after the reduction of RTZ's interest to 49 pct in October
+1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4554" NEWID="15381">
+<DATE> 9-APR-1987 04:06:28.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>asx</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0150&#31;reute
+u f BC-AUSTRALIAN-SHARE-VOLU   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN SHARE VOLUME HITS FIRST QUARTER RECORD</TITLE>
+<DATELINE>    SYDNEY, April 9 - </DATELINE><BODY>The value of turnover on the Australian
+Stock Exchange (ASX) soared to a record 17.11 billion dlrs in
+the first three months of 1987 from 7.50 billion in the
+corresponding months of 1986, the ASX said.
+    Its statement did not give the previous peak.
+    First quarter volume also rose sharply, to 9.95 billion
+shares from 4.31 billion a year earlier, it said.
+    The record volume reflected increased investment in
+Australian companies by local and overseas institutions and the
+popularity of gold mining and other resource sector shares, the
+ASX said.
+    In the nine months ended March 31, turnover value climbed
+to 38.52 billion dlrs from 20.72 billion a year earlier, the
+ASX said.
+    Volume in the nine month period rose to 24.07 billion
+shares against 13.15 billion a year earlier, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5275" NEWID="15382">
+<DATE> 9-APR-1987 04:20:25.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0166&#31;reute
+u f BC-CHINA-LIKELY-TO-JOIN   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA LIKELY TO JOIN GATT, DIPLOMATS SAY</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    PEKING, April 9 - </DATELINE><BODY>China is likely to succeed in joining
+GATT despite policies that contradict free trade, because
+western countries support its entry, western diplomats said.
+    China applied to join the General Agreement on Tariffs and
+Trade (GATT) in July 1986. The organisation, formed in 1948 to
+integrate the world's free market economies, now regulates 80
+pct of world trade.
+    The GATT secretariat is expected to submit a list of
+detailed questions to China next month at the start of long and
+complex entry negotiations, the diplomats said.
+    One diplomat said China's prospects are good, with its
+application supported by the United States, Japan and the
+European Community for political and economic reasons.
+    "The fear is that if China was refused entry, it would draw
+back the bamboo curtain and go back to the way it was," he said.
+    Another said the Soviet Union was waiting in the wings.
+    "If GATT accepted China, it would be hard not to accept the
+Soviet Union," he said.
+    "China's agreement will be seen as a model for the Soviet
+Union. GATT is not a political body."
+    But serious problems have to be tackled during the talks,
+including China's pricing system and trade subsidies.
+    GATT is based on free trade and aims to lower tariffs and
+promote trade, with prices alone dictating who buys what.
+    One diplomat said it was very hard in China to establish
+the real cost of goods because many prices are set by the state
+and often contain subsidies.
+    "Even when you go in person to a factory or a company to try
+to find out the real cost of something, officials do not give
+you a clear answer. The political meaning is evident. They do
+not want to answer," he said.
+    China's position, as set out in a memorandum to GATT in
+February, is that it is gradually reforming its price system to
+bring prices in line with real production costs and replace
+administrative controls with market ones.
+    Another diplomat said countries with centralised economies
+such as Hungary and Yugoslavia had joined GATT. However, China
+would not apply for membership on similar terms, but rather as
+a less developed country entitled to preferential treatment.
+    He added that the economies of Hungary and Yugoslavia are
+small, while China's is huge and its weight would be felt.
+    "It (China) is the world's number two producer of coal, for
+instance," the diplomat said. "It could have a very large impact
+on world trade."
+    Another sticking point is the subsidies China pays its
+companies to export so it can earn foreign exchange to pay for
+vitally needed technology, equipment and raw materials.
+    A Japanese trader said China lost money on every tonne of
+grain it exported, because it had to make up the difference
+between a low world price and a high domestic price.
+    A western diplomat said an official of a foreign trade
+bureau of a major inland Chinese city told him export subsidies
+might be as high as 100 pct for some products.
+    "When I asked what the subsidy figure was for the whole
+country, he referred me to the Ministry of Finance, adding with
+a grin that they would not tell me," he said.
+    He said officials were unwilling to give figures because of
+the sensitivity of the subject.
+    "Unless something is done to change this, China will find
+many countries in GATT putting restrictions on imports from
+China," the diplomat added.
+    In a major speech on the economy late last month, Planning
+Minister Song Ping made an indirect reference to this problem.
+    "While trying to expand exports to earn more foreign
+exchange, we must improve economic accounting practices and
+reduce the cost of exports," he said.
+    One diplomat said China's freedom to change its foreign
+trade and pricing system to bring them more in line with GATT
+principles could conflict with domestic pressures. China has
+said there will be no major price reforms this year following
+widespread discontent in 1985 and 1986 from a public used to
+stable prices since the Communist takeover in 1949.
+    "So the question is how fast and how thoroughly can China
+reform its economy?," the diplomat said. "How can it balance the
+requirements of GATT membership with domestic political needs?"
+    But he added the advantages of China's entry would in the
+end outweigh these problems.
+    "China's entry would force it to modernise and become more a
+part of the world economy," he said.
+    "Just as China would get increased access to foreign
+markets, so it would have to give more access to its domestic
+market to foreign countries."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4556" NEWID="15383">
+<DATE> 9-APR-1987 04:24:40.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0174&#31;reute
+f f BC-Burmah-Oil-1986-pre-t   04-09 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Burmah Oil 1986 pre-tax profit 105.9 mln stg vs 79.6 mln.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5277" NEWID="15384">
+<DATE> 9-APR-1987 04:27:34.27</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0182&#31;reute
+u f BC-GERMAN-BANKERS'-REMAR   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKERS' REMARKS REVIVE TALK OF RATE CUT</TITLE>
+<DATELINE>    FRANKFURT, April 9 - </DATELINE><BODY>Remarks by two leading central bankers
+sparked renewed speculation in financial markets that a cut in
+the West German three pct discount rate may be under
+discussion, currency dealers said.
+    Bundesbank board member Claus Koehler said in a speech that
+monetary growth resulting from speculative capital inflows
+required cuts in interest rates.
+    Separately, West Berlin state central bank president Dieter
+Hiss told journalists that the discount rate could fall below
+its lowest ever point of 2.75 pct. He made clear that he was
+not making a forecast on interest rates, however.
+    Currency dealers here and in the Far East said the dollar
+gained slight background support from the speculation.
+    But German dealers noted that the Bundesbank kept the 3.80
+pct rate unchanged at which it offered liquidity to the money
+market this week, dashing some expectations that it may either
+offer lower fixed rate money or offer a reduced minimum rate
+and let the strength of banks' demands set the allocation rate.
+    It allocated 6.1 billion marks in new liquidity, much less
+than the 14.9 billion leaving the market as a prior pact
+expired. This further weakened sentiment the Bundesbank could
+move to a more accommodative monetary stance, dealers said.
+    Koehler said in a speech in Surrey, England, speculative
+capital inflows may cause monetary growth, regardless of
+whether central banks intervened or exchange rates fell.
+    "In other words, the monetary policy measures required are
+different from -- and sometimes diametrically opposed to --
+those needed when the money stock is increasing as a result of
+mounting economic activity."
+    Though Koehler was known to be the most liberal of the
+generally monetarist Bundesbank board, his comments marked the
+first time cuts in rates had been concretely suggested as a
+counterpoint to overly strong monetary growth, dealers said.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4558" NEWID="15385">
+<DATE> 9-APR-1987 04:29:53.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0194&#31;reute
+u f BC-XYVISION-ISSUES-CONVE   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XYVISION ISSUES CONVERTIBLE EUROBOND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>XYVision Inc is issuing a 25 mln dlr
+convertible eurobond due May 5, 2002 paying an indicated coupon
+of between 5-3/4 and six pct and priced at par, lead manager
+Credit Suisse First Boston Ltd said.
+    The issue is callable after 30 days at 106 pct declining by
+one pct per annum to par thereafter. It is not callable for
+three years unless the conversion price exceeds the stock price
+by 130 pct.
+    The selling concession is 1-1/2 pct while management and
+underwriting each pay 1/2 pct. Final terms will be set on, or
+before, April 15.
+    The issue is available in bearer and registered form in
+denominations of 5,000 dlrs. It will be listed in Luxembourg
+while the payment date is May 5.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4559" NEWID="15386">
+<DATE> 9-APR-1987 04:38:31.54</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0203&#31;reute
+u f BC-SOVIET-TRADE-DEFICIT   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET TRADE DEFICIT WITH WEST SOARS IN 1986</TITLE>
+<DATELINE>    MOSCOW, April 9 - </DATELINE><BODY>The Soviet trade deficit with the West
+almost quadrupled last year, reaching 2.72 billion roubles
+compared with 713 mln in 1985, official figures showed.
+    Statistics published by the monthly journal Foreign Trade
+showed Soviet trade turnover for 1986 fell to 130.9 billion
+roubles from 142.1 billion the previous year, a drop of 7.8
+pct.
+    Moscow's trade surplus with East Bloc countries continued
+to grow in 1986.
+    Western analysts attributed the deficit rise with the West
+to the world oil price slump, which hit Moscow's main export
+and cut hard currency earnings needed for purchases in the
+West.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5280" NEWID="15387">
+<DATE> 9-APR-1987 04:41:53.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0209&#31;reute
+u f BC-BURMAH-OIL-PROFIT-CLI   04-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURMAH OIL PROFIT CLIMBS TO 105.9 MLN STG</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Year 1986
+    Shr 33.54p vs 34.2p.
+    Final div 9.5p, making 14p vs 12.75p.
+    Pre-tax profit 105.9 mln stg vs 79.6 mln.
+    Net profit before minorities 56 mln vs 52.1 mln.
+    Turnover net of duties 1.32 billion stg vs 1.46 billion.
+    Minorities 800,000 stg vs same.
+    Extraordinary debit 20.4 mln vs 28.2 mln.
+    NOTE: Company's full name is The Burmah Oil Co Plc &lt;BURM.L>
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4561" NEWID="15388">
+<DATE> 9-APR-1987 04:47:07.57</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0216&#31;reute
+u f BC-CHINA'S-WHEAT-CROP-TH   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA'S WHEAT CROP THREATENED BY PESTS, DISEASE</TITLE>
+<DATELINE>    PEKING, April 9 - </DATELINE><BODY>Pests and disease, which destroyed 1.1
+mln tonnes of wheat in China in 1986, are threatening crops on
+11.64 mln hectares this year, the China Daily said.
+    About 14.54 mln hectares of wheat were affected in 1986.
+    The paper said abnormal weather conditions had encouraged
+the spread of wheat midges in 2.47 mln hectares in Shanxi,
+Henan, Sichuan, Anhui, Hebei and Jiangsu.
+    In Henan, Shandong and Hebei wheat aphids are affecting
+4.67 mln hectares, wheat red mite 2.8 mln hectares and wheat
+powdery mildew 1.7 mln hectares.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5287" NEWID="15389">
+<DATE> 9-APR-1987 05:05:05.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0241&#31;reute
+u f BC-RTZ-SEES-RISING-U.S.   04-09 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RTZ SEES RISING U.S. OUTPUT AIDING 1987 RESULTS</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Rio Tinto-Zinc Corp Plc &lt;RTZL.L>, RTZ,
+said the predicted rise in industrial production in the U.S.
+And Europe should boost its 1987 performance.
+    Consumption of some base metals and their dlr prices are
+showing signs of improvement, although iron ore markets have
+weakened. The oil price in U.S. Dlrs is above the 1986 average,
+and if sustained, should improve energy earnings.
+    The company was commenting in a statement on its 1986
+results which, on a restated basis, showed net attributable
+profits lower at 245 mln stg after 257 mln the previous year.
+Pretax profits also dipped to 601.7 mln stg after 614.4 mln.
+    RTZ said the excellent performance of its expanding range
+of industrial businesses in 1986 was offset by the collapse in
+oil prices.
+    Industrial businesses contributed 202 mln stg to net
+profit, a 40 pct increase from 144 mln in 1985, and 60 pct of
+the total. Trading performance improved at wholly-owned
+subsidiaries RTZ Borax Ltd, RTZ Cement Ltd, RTZ Chemicals Ltd
+and RTZ Pillar Ltd. First time contributions from recent
+investment and acquisitions mainly in speciality chemicals and
+minerals also aided performance.
+    Metals activities contributed 83 mln stg to net profit.
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4568" NEWID="15390">
+<DATE>  9-APR-1987 05:18:19.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0266&#31;reute
+u f BC-SOUTH-KOREA-SIGNS-CON   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA SIGNS CONTRACTS FOR TWO NUCLEAR PLANTS</TITLE>
+<DATELINE>    SEOUL, April 9 - </DATELINE><BODY>State-owned Korea Electric Power Corp
+(KEPCO) has signed contracts with three U.S. Firms to supply
+equipment and services for its tenth and eleventh nuclear power
+plants, a KEPCO spokesman said.
+    Combustion Engineering Inc &lt;CSP> will supply pressurised
+light-water reactors, General Electric Co &lt;GE> will provide
+turbines and &lt;Sargent and Lundy Engineers> will supply
+engineering and design services, he said.
+    Work on the two plants, at Yongkwang in the southwest of
+the country, is due to start around June 1988 and be completed
+in 1995 and 1996.
+    The firms will receive a total of 430 mln dlrs, or 11.5 pct
+of the construction cost of 3.74 billion dlrs.
+    The three suppliers were chosen from 13 bidders after
+tenders closed in April 1986.
+    South Korea operates six atomic stations, is building
+another three and has plans for about 20 by the year 2000.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4569" NEWID="15391">
+<DATE> 9-APR-1987 05:19:33.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0271&#31;reute
+u f BC-BRIDGESTONE-CORP-&lt;BRI   04-09 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRIDGESTONE CORP &lt;BRIT.T> YEAR TO DECEMBER 31</TITLE>
+<DATELINE>    TOKYO, April 9 -
+    </DATELINE><BODY>Group shr 35.99 yen vs 38.28
+    Net 21.01 billion vs 21.08 billion
+    Current 47.73 billion vs 48.06 billion
+    Operating 55.04 billion vs 54.99 billion
+    Sales 792.71 billion vs 864.28 billion
+    NOTE - Company forecast for current year is group shr 37.70
+yen, net 22 billion, current 52 billion and sales 800 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4570" NEWID="15392">
+<DATE> 9-APR-1987 05:27:06.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0273&#31;reute
+u f BC-CHINESE-BANK-TO-MAKE   04-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINESE BANK TO MAKE FIRST FOREIGN BORROWING</TITLE>
+<DATELINE>    PEKING, April 9 - </DATELINE><BODY>The state-owned People's Construction
+Bank of China is making its first foreign borrowing, 300 mln
+dlrs to finance a large ethylene plant in Shanghai, the
+People's Daily said.
+    The newspaper's overseas edition said the plant will
+produce 300,000 tonnes of ethylene a year.
+    It said the bank last year started foreign exchange
+services for the first time on an experimental basis in
+Shenzhen, Zhuhai and Xiamen, but it gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4571" NEWID="15393">
+<DATE> 9-APR-1987 05:28:59.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0274&#31;reute
+u f BC-EQUITICORP-H.K.-UNIT   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITICORP H.K. UNIT TO RAISE 30 MLN U.S. DLRS</TITLE>
+<DATELINE>    HONG KONG, April 9 - </DATELINE><BODY>&lt;Equiticorp Hongkong Ltd> is planning
+a 30 mln U.S. Dlr transferrable loan facility to raise working
+capital, lead managers &lt;Manufacturers Hanover Asia Ltd> and
+&lt;Manufacturers Hanover Ltd>, said.
+    The two year loan with bullet repayment carries interest at
+5/8 of a percentage point over the London interbank offered
+rate. It will be guaranteed by parent company &lt;Equiticorp
+Holdings Ltd> of New Zealand, the managers said.
+    Syndication is proceeding and managers and participants are
+being invited to participate at four levels with management
+fees ranging from 15 to 30 basis points, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5292" NEWID="15394">
+<DATE> 9-APR-1987 05:42:58.89</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0294&#31;reute
+u f BC-EC-SUGAR-TENDER-SEEN   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SUGAR TENDER SEEN MARKING NO CHANGE IN POLICY</TITLE>
+<DATELINE>    BRUSSELS, April 9 - </DATELINE><BODY>The maximum export rebate granted at
+yesterday's EC sugar tender marked no change in policy over
+producer complaints that they are not obtaining the EC
+intervention price in exporting sugar outside the Community, EC
+Commission sources said.
+    The maximum rebate was 46.496 Ecus per 100 kilos for
+118,350 tonnes of sugar, down from 46.864 Ecus the previous
+week, but the change is explained by world market conditions.
+    Producers claim the rebate was short of the level needed to
+obtain a price equivalent to the intervention price by over one
+Ecu per 100 kilos, and was 0.87 Ecu short the previous week,
+the sources said.
+    They said this was despite the fact that the Commission had
+to accept 785,000 tonnes of sugar into intervention from
+operators protesting that rebates are too low.
+    Operators have now until early May to withdraw this sugar.
+But they have not given any sign of planned withdrawals unless
+the Commission reviews its export policy, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5293" NEWID="15395">
+<DATE> 9-APR-1987 05:46:27.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0300&#31;reute
+b f BC-CIBC-UNIT-ISSUES-AUST   04-09 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIBC UNIT ISSUES AUSTRALIAN DLR ZERO COUPON BOND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>CIBC Australia Ltd is issuing a zero
+coupon eurobond with a total redemption amount of 125 mln
+Australian dlrs due May 15, 1992 priced at 54 pct, sole lead
+manager CIBC Ltd said.
+    The issue is available in denominations of 1,000 and 10,000
+Australian dlrs and is guaranteed Canadian Imperial Bank of
+Commerce. The selling concession is 3/4 pct, while management
+and underwriting combined pays 5/8 pct.
+    The payment date is May 15.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5294" NEWID="15396">
+<DATE> 9-APR-1987 05:48:00.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0302&#31;reute
+u f BC-BURMAH-OIL-PROSPECTS   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURMAH OIL PROSPECTS REMAIN FAVOURABLE</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The current year has opened well, with
+trading prospects remaining favourable, Burmah Oil Co Plc
+&lt;BURM.L> said in a statement with its 1986 results.
+    The company plans to maintain a steady rate of investment
+in its marketing operations and to obtain improved profit
+margins on its liquified natural gas, LNG, project.
+    Burmah has the financial capacity to continue making
+acquisitions within its business sectors, it added. The
+rationalisation programme, including sale of the Bahamas oil
+terminal and all peripheral activities, is now complete.
+    Pre-tax profit for 1986 rose to 105.9 mln stg from 79.6
+mln.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4575" NEWID="15397">
+<DATE> 9-APR-1987 05:56:00.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0314&#31;reute
+u f BC-GEBRUEDER-SULZER-1986   04-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEBRUEDER SULZER 1986 PROFIT UP ALMOST 60 PCT</TITLE>
+<DATELINE>    WINTERTHUR, Switzerland, April 9 - </DATELINE><BODY>Year 1986
+    Consolidated net profit 67 mln Swiss francs vs 42 mln.
+    Dividend 100 francs per registered share vs 80 francs and
+10 francs per participation certificate vs eight.
+    Consolidated turnover 4.55 billion francs vs 4.54 billion.
+    Parent company net profit 38.2 mln francs vs 26.4 mln.
+    Parent company turnover 2.20 billion francs vs 2.29
+billion.
+    Note - Company's full name is Gebrueder Sulzer AG &lt;SULZ.Z>
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5296" NEWID="15398">
+<DATE> 9-APR-1987 05:56:17.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0315&#31;reute
+u f BC-MITSUBISHI-TO-ISSUE-T   04-09 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI TO ISSUE TWO CONVERTIBLE BONDS</TITLE>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>Mitsubishi Corp &lt;MITT.T> said it will
+issue a 50 billion yen unsecured seven-year convertible bond
+and a 30 billion yen unsecured nine-year convertible bond on
+the domestic capital market through public placement with Nikko
+Securities Co Ltd as lead manager.
+    Coupon and conversion price for both par-priced bonds will
+be set at a board meeting to be held later this month and
+payment is due on May 14, Mitsubishi said in a statement. The
+seven-year bond matures on September 30, 1994, and the
+nine-year bond on September 30, 1996. Mitsubishi's share price
+fell 30 yen to 1,200 on the Tokyo Stock Exchange today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5297" NEWID="15399">
+<DATE> 9-APR-1987 05:59:31.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0318&#31;reute
+u f BC-NEW-LONDON-AIRPORT-WI   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW LONDON AIRPORT WILL OFFER FLIGHTS TO EUROPE</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The British Civil Aviation Authority
+(CAA) has granted licenses for two airlines, &lt;Brymon Airways>
+and &lt;Eurocity Express>, to fly three lucrative European routes
+from the 20 mln stg London docklands airport.
+    Brymon plans to offer five flights a day from the London
+City Airport to Paris, and three to Amsterdam and Brussels.
+Eurocity will also operate flights to Duesseldorf and
+Rotterdam.
+    The airport is due to open in October, and is only a
+20-minute taxi ride from the capital's financial district, the
+City, compared to an hour to get from the City to the nearest
+existing airport, Heathrow.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5298" NEWID="15400">
+<DATE> 9-APR-1987 06:02:39.02</DATE>
+<TOPICS><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0324&#31;reute
+u f BC-JAPAN-BUSINESS-LEADER   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUSINESS LEADERS SAY G-7 ACCORD IS WORRYING</TITLE>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>The leaders of two of Japan's top business
+groups said in separate statements the Group of Seven (G-7)
+accord reached in Washington yesterday is of deep concern to
+Japan because it shows the major industrial nations regard the
+yen's current level as appropriate.
+    Eishiro Saito, chairman of the Federation of Economic
+Organizations (Keidanren), said the yen's present rate is well
+above adequate levels. He did not elaborate.
+    Takashi Ishihara, chairman of the Japan Committee for
+Economic Development, said the accord will not prevent the yen
+from rising further.
+    "We do not understand why the G-7 approved present rates as
+the yen has risen excessively since the Paris accord," Ishihara
+said.
+    G-7 members Britain, Canada, France, Italy, Japan, the U.S.
+And West Germany said in a statement they consider their
+currencies are now within ranges broadly consistent with
+economic fundamentals.
+    Saito called on each G-7 member nation to prepare to
+intervene in the market strongly enough to ensure exchange
+rates are stabilised at appropriate levels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5299" NEWID="15401">
+<DATE> 9-APR-1987 06:04:32.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0328&#31;reute
+u f BC-CHINA-LIGHT-UNIT-RENE   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA LIGHT UNIT RENEWS COMMERCIAL PAPER FACILITY</TITLE>
+<DATELINE>    HONG KONG, April 9 - </DATELINE><BODY>&lt;Kowloon Electricity Supply Co Ltd>, a
+joint venture of China Light and Power Co Ltd &lt;CLPH.HK> and
+Exxon Corp &lt;XON>, has renewed and increased an existing
+commercial paper program, arranger &lt;Schroders Asia Ltd> said.
+    The fully underwritten program, which expires this month,
+has been extended to December 1990 and increased to 540 mln
+H.K. Dlrs from the original 500 mln dlrs, it said.
+    The underwriting fee is 1/8 of a percentage point over the
+Hong Kong interbank offered rate.
+    Commercial paper in tenures of one to three months will be
+issued in denominations of one mln dlrs, it said.
+    The program offers a U.S. Dlr option whereby commercial
+paper in denominations of 100,000 U.S. Dlrs will be issued
+subject to the same underwriting margin.
+    Joining Schroders as underwriters are Barclays Bank Plc,
+Citicorp International Ltd, Paribas Asia Ltd, Sanwa
+International Finance Ltd and Sumitomo Finance (Asia) Ltd.
+    The six underwriters will be joined by 11 other financial
+institutions in the tender panel.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4580" NEWID="15402">
+<DATE> 9-APR-1987 06:18:41.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0341&#31;reute
+b f BC-SANKEI-BUILDING-ISSUE   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANKEI BUILDING ISSUES EQUITY WARRANT EUROBOND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Sankei Building Co Ltd is issuing a 60
+mln dlr equity warrant eurobond due May 7, 1992 paying an
+indicated coupon of 2-1/8 pct and priced at par, lead manager
+Nomura International Ltd said.
+    The issue is guaranteed by Sumitomo Bank Ltd and is
+available in denominations of 5,000 dlrs. The selling
+concession is 1-1/2 pct while management and underwriting
+combined pays 3/4 pct. The payment date is May 7 and listing
+will be in Luxembourg.
+    Final terms will be fixed on April 15. The warrants are
+exercisable from May 21, 1987 until April 23, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4581" NEWID="15403">
+<DATE> 9-APR-1987 06:19:24.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D><D>liffe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0345&#31;reute
+u f BC-CBOT-SEES-YEN-BOND-FU   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBOT SEES YEN BOND FUTURES LISTING IN SIX MONTHS</TITLE>
+<AUTHOR>    By Yoshiko Mori, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>The Chicago Board of Trade (CBOT) will
+list yen bond futures contracts once the U.S. Commodity Futures
+Trading Commission gives its approval, which could come within
+six months, CBOT chairman Karsten Mahlmann said.
+    Mahlmann earlier told a press conference he would visit
+Kyoji Kitamura, director-general of the Finance Ministry's
+Securities Bureau, to express the CBOT's concern that Japanese
+financial institutions and individuals are not permitted to
+trade on the CBOT. Mahlmann is on a two-week tour of Hong Kong,
+Tokyo and Sydney.
+    Mahlmann urged Japan to boost Tokyo's status as a world
+financial center by promoting the internationalisation of its
+financial industry.
+    The Finance Ministry is expected to allow local banks,
+securities houses and insurance companies to use overseas
+markets from this month, bond market sources said, but
+officials would only say the issue was under study.
+    Initially, the ministry is likely to bar corporate and
+individual investors due to their relative inexperience, and to
+limit trading to instruments like currency, stock indexes, time
+deposits and government debt futures, the sources said.
+    Mahlmann told reporters the CBOT will start evening trading
+to coincide with Far East morning activity on April 30. But he
+added night sessions would not preclude the CBOT from forming
+links with Far Eastern exchanges, although nothing had been
+decided.
+    Asked what type of financial futures would be appropriate,
+he cited products concerning debt and equity.
+    The CBOT evening session will run from 6:00 to 9:00 P.M.
+Chicago time (2300 to 0200 GMT), which is 8:00 to 11:00 A.M. In
+Tokyo, and trading will be limited to four contracts -- U.S.
+Treasury note and bond futures and options, he said.
+    Yen bond dealers said a proposed link between CBOT and the
+London International Financial Futures Exchange (LIFFE),
+combined with yen bond futures listings on both, would multiply
+volume if trade was encouraged by Tokyo-based orders.
+    Healthy liquidity growth in cash yen bond markets overseas
+is a prerequisite for expanded futures trading, traders said.
+    LIFFE plans to list yen bond futures should go ahead from
+September, possibly coinciding with the CBOT, traders said.
+    The CBOT applied for permission to offer a long-term
+Japanese government bond futures contract on March 17, and the
+authorities must rule on the request within a year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4582" NEWID="15404">
+<DATE> 9-APR-1987 06:24:36.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0355&#31;reute
+u f BC-PERGAMON-HOLDINGS-RED   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERGAMON HOLDINGS REDUCES BPCC AND HOLLIS STAKES</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>&lt;Pergamon Holdings Ltd> and its associate
+companies said that they had sold 30 mln ordinary shares in the
+British Printing and Communication Corp Plc &lt;BPCL.L> and 10.5
+mln in &lt;Hollis Plc> together with other securities.
+    No total price was given but the company said the proceeds
+of the sales would be used to fund Pergamon's expansion
+programme and worldwide acquisition stategy. The company said
+that following these sales Pergamon's ordinary shareholdings in
+both BPCC and Hollis remained above 51 pct. It said it had no
+intention of further reducing its holdings in either company.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5303" NEWID="15405">
+<DATE> 9-APR-1987 06:29:23.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0358&#31;reute
+u f BC-BRITAIN,-U.S.-TO-DISC   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN, U.S. TO DISCUSS JAPAN TRADE RELATIONS</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>British Foreign Secretary Sir Geoffrey
+Howe and U.S. Secretary of State George Shultz plan to discuss
+the growing crisis in trade relations with Japan in talks in
+Washington, government officials said.
+    Howe views the apparent deadlock in British attempts to
+secure a greater share in Japanese domestic markets very
+seriously, said an official travelling with him.
+    Britain has threatened to impose retaliatory restrictions
+on Japanese finance houses in London if Japan does not open up
+its markets. The U.S. Has already imposed higher tariffs on
+computer microchips imported from Japan.
+    Michael Howard, the British minister for consumer and
+corporate affairs, repeated the threat of sanctions before
+leaving Tokyo yesterday at the end of a four-day visit during
+which he failed to secure major concessions from the Japanese.
+    Howe's main mission in Washington was to brief Shultz on
+Prime Minister Margaret Thatcher's visit to the Soviet Union
+last week. Shultz is due to fly to Moscow next week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5304" NEWID="15406">
+<DATE> 9-APR-1987 06:29:36.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0360&#31;reute
+u f BC-NATIONALE-NEDERLANDEN   04-09 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONALE NEDERLANDEN PROFITS, SALES STEADY</TITLE>
+<DATELINE>    THE HAGUE, April 9 - </DATELINE><BODY>Year 1986
+    Net profit 635.5 mln guilders vs 603.4 mln.
+    Revenues 17.35 billion guilders vs 17.27 billion.
+    Net profit per nominal 2.50 guilder share 5.79 guilders vs
+5.67, corrected for capital increase. (1985 uncorrected figure
+5.73).
+    Dividend 2.50 guilders vs 2.38, corrected. (2.40
+uncorrected.)
+    Note - Full name is Nationale Nederlanden NV &lt;NTNN.AS>
+REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5305" NEWID="15407">
+<DATE> 9-APR-1987 06:30:48.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0362&#31;reute
+u f BC-BOND-INTERNATIONAL-SE   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOND INTERNATIONAL SELLS H.K. RESIDENTIAL BUILDING</TITLE>
+<DATELINE>    HONG KONG, April 9 - </DATELINE><BODY>&lt;Bond Corp International Ltd> said it
+has sold a residential block at Hong Kong's mid-levels to a
+joint venture between Sun Hung Kai Properties Ltd &lt;SHKP.HK> and
+&lt;New Town (N.T.) Properties Ltd> for 138 mln H.K. Dlrs.
+    Bond International, a subsidiary of the Australia based
+Bond Corp Holdings Ltd &lt;BONA.S>, will receive net profits of
+about 16 mln dlrs from the deal.
+    The firm bought the building, which has total floor spaces
+of 110,580 sq ft and is now fully let, as part of a parcel of
+properties which it acquired from Hongkong Land Co Ltd
+&lt;HKLD.HK> for 1.43 billion dlrs late last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4586" NEWID="15408">
+<DATE> 9-APR-1987 06:30:56.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0363&#31;reute
+u f BC-G-7-COMMITMENT-TESTS   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 COMMITMENT TESTS JAPAN'S WILL TO BOOST ECONOMY</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>The statement issued today by the Group of
+Seven (G-7) industrialised nations has put Japan under greater
+international pressure to stimulate its economy or face a
+further rise in the yen, private economists and analysts said.
+    They said the communique reflected increased foreign
+frustration with Japan's burgeoning trade surplus and its
+tight-fisted fiscal policies in the past.
+    Unless Japan implements economic measures included in the
+statement, foreign protectionist sentiment would grow and the
+yen would come under renewed upward pressure, they said.
+    The G-7 -- grouping the U.S., Japan, West Germany, Britain,
+France, Italy and Canada -- said in the statement they welcomed
+proposals announced by Japan's ruling Liberal Democratic Party
+(LDP) for extraordinary and urgent measures to stimulate its
+economy and that Japan reaffirmed its intention to further open
+its domestic markets.
+    "It's rather unusual that only Japan was mentioned in the
+communique and promised something," said Takeshi Saito, general
+manager of Fuji Bank Ltd's research division. This showed how
+strongly other nations want Japan to take concrete and
+effective steps to redress its trade surplus, he said.
+    The statement referred to some details of Japan's proposed
+economic measures, such as early implementation of a large
+supplementary budget exceeding those of previous years and
+unprecedented front-end loading of public works expenditures.
+    It did not mention any figure for the projected
+supplementary budget but LDP officials have said it will amount
+to more than 5,000 billion yen for fiscal 1987, which compares
+with 2,000 billion provided for the previous year.
+    "It signalled a clear shift away from the conservative
+fiscal policies of the past," said Kazuaki Harada, senior
+managing director of Sanwa Research Institute.
+    For the last five years the government has stuck to a
+tight-fisted fiscal policy in its attempt to stop issuing
+deficit financing bonds by 1990.
+    But mounting foreign pressure for Japan to boost its
+economy, hurt by the yen's extended rise, hurried the
+government to hammer out a draft economic package and bring it
+to the latest G-7 meeting.
+    Harada said Japan should not view expansion of its economy
+as the result of pressure but as an opportunity to lead world
+economic growth.
+    "The Japanese economy has the potential to take a leadership
+role and we should recognize it," Harada said.
+    If Japan fails to meet such international expectations it
+will invite some retaliatory moves, especially from the U.S.,
+Which may result in a further rise of the yen, analysts said.
+    The G-7 communique represented a test for Japan's
+commitment to domestically-generated economic growth and to a
+more balanced world trade structure, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4587" NEWID="15409">
+<DATE> 9-APR-1987 06:32:16.02</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>hong-kong</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM T C
+&#22;&#22;&#1;f0366&#31;reute
+u f BC-SHANGHAI-TYRE-FACTORY   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHANGHAI TYREb FACTORY TO RAISE 30 MLN U.S. DLRS</TITLE>
+<DATELINE>    HONG KONG, April 9 - </DATELINE><BODY>Ta Chung Hua Rubber Factory of
+Shanghai will raise a 30 to 35 mln U.S. Dlr loan to expand and
+modernise its plant, arranger CCIC Finance Ltd said.
+    The loan, to be lead managed by the Bank of China, is
+expected to mature in eight to nine years, but terms have not
+been finalized.
+    The money will be used to import manufacturing equipment
+including technology transfer for the production of truck
+radial tyres. Part of the output will be exported.
+    The expansion program is expected to cost a total 54 mln
+dlrs. The shortfall will be financed domestically.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4588" NEWID="15410">
+<DATE> 9-APR-1987 06:33:28.29</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>bahrain</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0368&#31;reute
+u f BC-SAUDI-RATES-RISE-AS-B   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI RATES RISE AS BAHRAIN BANKS CAUGHT SHORT</TITLE>
+<DATELINE>    BAHRAIN, April 9 - </DATELINE><BODY>Saudi riyal interest rates rose as
+Bahrain-based banks scrambled to cover short positions, dealers
+said.
+    Several Bahrain banks had been lending in the fixed periods
+and borrowing in the short dates, but today they found the
+day-to-day money in short supply, dealers said.
+    "Everybody's stuck in the spot-next," one trader said.
+    Spot-next rose to as high as 6-1/4, six pct from 5-1/4,
+five pct yesterday, and the borrowing interest spilled over
+into the periods, with one month rising to around 6-3/16,
+5-15/16 pct from 5-15/16, 7/8 pct yesterday.
+    Three months edged up to around 6-9/16, 5/16 pct from
+6-7/16, 1/4 pct, while six months was quoted a touch firmer by
+some banks at seven, 6-3/4 pct.
+    Commercial banks quoted the spot riyal at 3.7500/04 to the
+dollar after 3.7507/09 yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4589" NEWID="15411">
+<DATE> 9-APR-1987 06:35:14.06</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>belgium</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0370&#31;reute
+u f BC-BELGIUM-TO-ISSUE-GOLD   04-09 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM TO ISSUE GOLD WARRANTS, SOURCES SAY</TITLE>
+<DATELINE>    ZURICH, April 9 - </DATELINE><BODY>Belgium plans to issue Swiss franc
+warrants to buy gold, with Credit Suisse as lead manager,
+market sources said.
+    No confirmation or further details were immediately
+available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5310" NEWID="15412">
+<DATE> 9-APR-1987 06:38:14.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0371&#31;reute
+u f BC-TABUCHI-ELECTRIC-ISSU   04-09 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TABUCHI ELECTRIC ISSUES 30 MLN SWISS FRANC NOTES</TITLE>
+<DATELINE>    ZURICH, April 9 - </DATELINE><BODY>Tabuchi Electric Co is launching 30 mln
+Swiss francs of five-year straight notes with a 4-3/4 pct
+coupon and par issue price, lead mananger Swiss Bank Corp said.
+    Payment is due April 22.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4591" NEWID="15413">
+<DATE> 9-APR-1987 06:40:22.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0373&#31;reute
+u f BC-PHILIPPINE-TELEPHONE   04-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE TELEPHONE FIRM PLANS STOCK SPLIT</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, April 9 - </DATELINE><BODY>The Philippine Long Distance Telephone Co
+&lt;PLDT.MN> is planning a two-for-one stock split and a 20 pct
+stock dividend later this year to reduce excess market
+buoyancy, Vice-President Sennen Lazo told Reuters.
+    Lazo said the stock split would reduce the par value of the
+company's common stock from 10 to five pesos.
+    He said the stock split would apply to holders of about 18
+mln common shares of stock on the record date of September 15
+1987. "The exercise should make our stock more marketable," Lazo
+said. "Now it is beyond the reach of many small investors."
+    PLDT common stock surged from a low of 37 pesos in February
+1986 to 367.50 at close of trading yesterday on the Manila
+Stock Exchange.
+    Lazo said the 20 pct stock dividend, payable on October 15,
+would also apply to stockholders on record as of September 15.
+    PLDT reported 1986 net income of 1.89 billion pesos, up 68
+pct from 778.9 mln pesos in 1985, on operating revenues of six
+billion pesos, up from 4.7 billion pesos in 1985.
+    At end December 1986 the company had 417,100 stockholders.
+    A PLDT spokesman said the company's profits are likely to
+be substantial since the government raised its franchise tax to
+three pct from two and to impose a 35 pct corporate income tax
+from which it was previously exempt.
+    The government has not so far ordered the implementation of
+the tax decision.
+    PLDT is the largest of 58 telephone companies in the
+Philippines. On December 31 1986 the company had 856,014
+telephones in operation, representing 94 pct of all instruments
+in the country.
+    In Manila item "Philippine Telephone firm plans stock split"
+please read in page 3, first para, "the company's profits are
+likely to be substantially cut" (inserting dropped word). This
+replaces  "the company's profits are likely to be substantial"
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4592" NEWID="15414">
+<DATE> 9-APR-1987 06:42:44.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0377&#31;reute
+u f BC-COUPON-CUT-ON-BANK-OF   04-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUPON CUT ON BANK OF TOKYO SWISS FRANC ISSUE</TITLE>
+<DATELINE>    ZURICH, April 9 - </DATELINE><BODY>The coupon on the Bank of Tokyo Ltd's 100
+mln Swiss franc convertible has been cut to 7/8 pct from the
+indicated 1-1/4 pct, lead manager Swiss Bank Corp said.
+    The conversion price has been set at 1,590 yen, the same as
+today's close.
+    The exchange rate has been set at 96.84 yen to the franc.
+    Payment is due April 30. The conversion period is from May
+20, 1987 until September 20, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4593" NEWID="15415">
+<DATE> 9-APR-1987 06:42:58.51</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0378&#31;reute
+u f BC-CARGILL-CONFIRMS-WHIT   04-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARGILL CONFIRMS WHITE SUGAR SALE TO INDIA</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>London-based trader Cargill (U.K.) Ltd
+confirmed it sold one cargo of white sugar to India for
+shipment April 15/May 15 at yesterday's tender.
+    Price details were not immediately available but some
+traders suggested business had been done around 220 dlrs a
+tonne cif.
+    India tendered for one or two cargoes of white sugar. There
+was no specific requirement on shipping period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5314" NEWID="15416">
+<DATE> 9-APR-1987 06:45:38.33</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>malaysia</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0385&#31;reute
+u f BC-MALAYSIA-SEEKS-42-BIL   04-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA SEEKS 42 BILLION YEN PIPELINE LOAN</TITLE>
+<DATELINE>    KUALA LUMPUR, March 9 - </DATELINE><BODY>Malaysia has asked Japan for a 42
+billion yen 25-year loan to finance the construction of gas
+pipelines from eastern Trengganu to southern Johor, the
+Overseas Economic Cooperation Fund (OECF) said.
+    OECF's chief representative, Takashi Matsuya, told
+reporters the Japanese Government is appraising the loan.
+Another OECF official told Reuters Japan is likely to approve
+the loan because "it is technically and economically viable."
+    If approved, the loan would carry a coupon rate of four
+pct, a grace period of seven years, Matsuya said. It would be
+disbursed over three years, he added.
+    The pipeline contruction is the second phase of the
+Peninsular Gas Utilisation Project by Petronas, Malaysia's
+national oil company.
+    The first phase was the supply of gas to households in and
+around the eastern oil town of Kertih.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4595" NEWID="15417">
+<DATE> 9-APR-1987 06:48:58.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0387&#31;reute
+u f BC-CCF-REPORTS-34.8-PCT   04-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCF REPORTS 34.8 PCT PROFIT BOOST, SHARE SPLIT SEEN</TITLE>
+<DATELINE>    PARIS, April 9 - </DATELINE><BODY>Credit Commercial de France &lt;CCFP.PA>
+reported a parent company net profit up 34.8 pct to 140.1 mln
+francs from 103.9 mln francs a few weeks before its
+denationalisation around the end of this month.
+    Official sources said the bank, France's sixth largest in
+terms of its deposits and seventh in terms of its assets,
+
+planned a share split to increase the number of shares on offer
+ahead of the sale of 40 pct of its ordinary share capital to
+the public, of 10 pct to staff and 20 pct abroad.
+    Previously one of France's biggest private banks, it was
+nationalised by the Socialists in 1982.
+    The sources said it was too early to give details of the
+planned split or of the share price, but cited April 27 as a
+likely date for the flotation launch.
+    So far 30 pct of the group's capital, currently at 10.33
+mln shares of 100 francs nominal, has been offered for sale to
+large private investors to constitute a solid core of eight to
+ten shareholders before the flotation.
+    The private tender offer closes on April 16, while a 12 mln
+franc advertising campaign for the flotation begins on Sunday.
+"The privatisation will be a way of attracting extra clients,"
+CCF deputy director-general Rene de la Serre told Reuters.
+    Market sources put the total value of CCF's privatisation
+at between four and five billion francs.
+    De la Serre said the bank was likely to attract at least
+the same number of investors as &lt;Sogenal>, another recently
+privatised bank in which 850,000 people bought shares.
+    The government's sweeping privatisation programme has also
+included the sale of Saint-Gobain &lt;SGEP.PA>, and Cie Financiere
+de Paribas &lt;PARI.PA>. The sale of &lt;Banque du Batiment et des
+Travaux Publics> and &lt;Banque Industrielle et Mobiliere Privee>
+should be completed this month, while third largest French bank
+Societe Generale &lt;SGEN.PA> will be privatised later this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4596" NEWID="15418">
+<DATE> 9-APR-1987 06:55:10.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>eib</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0393&#31;reute
+b f BC-EIB-ISSUES-40-BILLION   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIB ISSUES 40 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The European Investment Bank (EIB) is
+issuing a 40 billion yen eurobond due May 6, 1994 paying 4-5/8
+pct and priced at 101-1/2, lead Nomura International Ltd said.
+    The non-callable bond is available in denominations of one
+mln yen and will be listed in Luxembourg. The selling
+concession is 1-1/8 pct while management and underwriting
+combined pays 1/2 pct. The payment date is May 6.
+    There is a mandatory purchase fund operating in years one
+and two, except for the first month after the payment date,
+whereby the EIB can purchase up to five pct of the issue each
+year if it is trading below par.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5317" NEWID="15419">
+<DATE> 9-APR-1987 07:00:08.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ida</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T G
+&#22;&#22;&#1;f0397&#31;reute
+r f BC-IDA-GIVES-18.6-MLN-DL   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDA GIVES 18.6 MLN DLR LOAN TO SRI LANKA</TITLE>
+<DATELINE>    COLOMBO, April 9 - </DATELINE><BODY>The International Development
+Association (IDA) is lending 18.6 mln dlrs to Sri Lanka for
+agricultural research and development, the World Bank said in a
+statement.
+    The loan is part of a 26.5 mln dlr project to improve
+production of commodities, mainly rice, and raise farmer
+incomes. Other financing for the project will come from Sri
+Lanka (7.1 mln dlrs) and West Germany (800,000 dlrs).
+    The IDA credit is interest-free and for 50 years. It
+includes a 10-year grace period but has annual charges of 0.5
+pct on the undisbursed balance, and 0.75 pct on the disbursed
+balance, the Bank statement said.
+    The project envisages the creation of a Council of
+Agricultural Research to formulate a national agricultural
+strategy and introduce a contract research programme to finance
+research activities, the Bank said.
+    The Washington-based IDA is the World Bank's affiliate for
+concessionary lending.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4598" NEWID="15420">
+<DATE> 9-APR-1987 07:02:48.95</DATE>
+<TOPICS><D>platinum</D><D>strategic-metal</D><D>palladium</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0404&#31;reute
+u f BC-JOHNSON-MATTHEY'S-PLA   04-09 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSON MATTHEY'S PLATINUM GROUP PRICES</TITLE>
+<DATELINE>    LONDON, APRIL 9 - </DATELINE><BODY>Johnson Matthey today issued the
+following Platinum group base prices (unfabricated), all U.S.
+Dlrs per troy ounce.
+ Previous prices in parentheses.
+ PLATINUM  -   562   (567)
+ PALLADIUM -   130   (130)
+ IRIDIUM   -   400   (400)
+ RHODIUM     1,230 (1,230)
+ RUTHENIUM -    80    (80)
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4599" NEWID="15421">
+<DATE> 9-APR-1987 07:03:11.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0406&#31;reute
+u f BC-LEX-SERVICE-BUYS-SEAR   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEX SERVICE BUYS SEARS MOTOR GROUP</TITLE>
+<DATELINE>c    LONDON, April 9 - </DATELINE><BODY>Lex Service Plc &lt;LEXL.L> said it had
+acquired &lt;Sears Motor Group Ltd>, the retail motor distribution
+arm of Sears Plc &lt; SEHL.L>, and an 11.9 mln stg loan note
+payable by Sears Motor for 33.4 mln stg.
+    The purchase will be through 1.4 mln stg in cash and the
+issue to Sears Plc of 8.0 mln new Lex ordinary shares.
+    The company said in a statement that immediately following
+the acquisition of the motor group, its car and commercial
+vehicle contract hire fleet of some 3,000 vehicles was sold to
+&lt;Lex Vehicle Leasing Ltd> for 14.3 mln stg in cash, a sum equal
+to the net book value of the vehicles transferred.
+    Lex Vehicle is owned equally by Lex Services and &lt;Lombard
+North Central Plc>.
+    Lex said the shares involved in the transaction were today
+being placed for Sears Plc with institutions at 400p. These
+shares will not qualify for the final Lex dividend on 10 April.
+    Lex said in a statement that its acquisition of Sears Motor
+Group represents a major development for its automotive
+activities. The enlarged retailing operations of the Lex
+Automotive group now have a turnover of 530 mln stg. Lex's
+existing automotive interests include Volvo Concessionaires,
+the sole importer of Volvo cars and parts into the U.K.
+    Lex said the turnover for Sears Motor Group in the year to
+31 December 1986 was 242 mln stg and that at the date of the
+acquisition the group had about 50 mln stg in external
+borrowings.
+    Lex shares fell on the announcement to trade around 409p
+from a 419p close yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4600" NEWID="15422">
+<DATE> 9-APR-1987 07:07:30.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>indonesia</D></PLACES>
+<PEOPLE><D>concepcion</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0416&#31;reute
+u f BC-PHILIPPINES-TO-IMPORT   04-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES TO IMPORT CEMENT FROM INDONESIA</TITLE>
+<DATELINE>    MANILA, April 9 - </DATELINE><BODY>The Philippines will import 250,000 bags
+of cement worth 375,000 dlrs from Indonesia by the end of the
+month to meet growing demand from the construction sector,
+Trade and Industry Secretary Jose Concepcion said.
+    He told reporters that local cement manufacturers had
+stepped up production but were falling short of demand. "The
+only solution is to import," he added.
+    Concepcion said average monthly requirements of cement in
+1986 were 6.7 mln bags while supply hovered around 9.3 mln
+bags, but this year demand had grown to 10.4 mln bags per
+month.
+    Trade and Industry sources said construction sector
+representatives estimated an additional 70,000 bags would be
+required daily to meet demand.
+    Cement is officially priced at 48.50 pesos per bag, but
+construction industry sources said it was selling at black
+market rates of up to 65 pesos a bag in some areas.
+    The sources said falling interest rates as well as a
+government budget of four billion pesos in 1987 for low-cost
+housing had fuelled a construction boom.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4601" NEWID="15423">
+<DATE> 9-APR-1987 07:08:40.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0420&#31;reute
+b f BC-JAPAN-DEVELOPMENT-BAN   04-09 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DEVELOPMENT BANK ISSUES 150 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The Japan Development Bank is issuing a
+150 mln dlr eurobond due May 20, 1994 paying eight pct and
+priced at 101-1/8 pct, lead manager Bank of Tokyo International
+Ltd said.
+    The non-callable bond is guaranteed by Japan and is
+available in denominations of 5,000 dlrs.
+    The selling concession is 1-1/4 pct while management and
+underwriting combined pays 5/8 pct.
+    The payment date is May 20. Listing will be in London.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4602" NEWID="15424">
+<DATE> 9-APR-1987 07:10:53.05</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>singapore</D><D>indonesia</D><D>malaysia</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0423&#31;reute
+u f BC-MAJOR-RUBBER-PRODUCER   04-09 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR RUBBER PRODUCERS TO MEET IN SINGAPORE</TITLE>
+<DATELINE>    SINGAPORE, April 9 - </DATELINE><BODY>Officials from Indonesia, Malaysia,
+Singapore and, perhaps, Thailand will meet here tomorrow to
+discuss increased regional cooperation on rubber marketing and
+ways to raise rubber prices, industry sources said.
+    The officials will discuss linking rubber markets in the
+four countries to improve price transparency, the sources said.
+    This is the first time Indonesia is attending such a
+meeting, they said, but representatives from Thailand may not
+be able to attend because of their tight schedule. Malaysia,
+Indonesia and Thailand account for 90 pct of world rubber
+exports and Singapore is a major regional rubber trading
+centre.
+    The Malaysian Rubber Futures market, freighting and
+contracts for rubber are among other issues expected to be
+discussed.
+    Last month, rubber importing and exporting countries
+adopted a new International Natural Rubber Agreement in Geneva.
+The new pact is more responsive to market trends than its
+predecessor, the sources said, and earlier provisions allowing
+the buffer stock to borrow from banks have been eliminated.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4603" NEWID="15425">
+<DATE> 9-APR-1987 07:11:07.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0425&#31;reute
+u f BC-MEPC-EXTENDS-OFFER-FO   04-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEPC EXTENDS OFFER FOR OLDHAM</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>MEPC Plc &lt;MEPC.L> said that its offer for
+&lt;Oldham Estates Ltd> would remain open until further notice.
+    On February 26 MEPC made an agreed bid for Oldham based on
+a formula reflecting its asset value at 30 September 1986. A
+year earlier Oldham's net asset value was put at 531.4 mln stg.
+    As of 1 April the valuation used under the formula had
+still to be agreed so Oldham had yet to give a firm
+recommendation to its shareholders regarding the value of the
+the offer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5324" NEWID="15426">
+<DATE> 9-APR-1987 07:13:52.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0431&#31;reute
+b f BC-TORONTO-DOMINION-AUST   04-09 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO DOMINION AUSTRALIA DOLLAR BOND INCREASED</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Toronto Dominion Bank, Nassau Branch, has
+increased its eurobond offering to 50 mln Australian &lt;dlrs from
+40 mln, lead manager Hambros Bank Ltd said.
+    All other terms remain the same.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5325" NEWID="15427">
+<DATE> 9-APR-1987 07:17:12.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0438&#31;reute
+u f BC-GEORGE-WIMPEY-PROFITS   04-09 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEORGE WIMPEY PROFITS UP 42 PCT TO 66.5 MLN STG</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Year to December 31, 1986.
+    Shr 18.35p vs 14.95p
+    Div 3.75p vs 2.9p making 4.75p vs 3.75p
+    Pretax profit 66.5 mln stg vs 46.9 mln
+    Tax 14.6 mln stg vs 4.5 mln
+    Net profit 51.9 mln stg vs 42.4 mln
+    Turnover 1.44 billion stg vs 1.58 billion
+    Note - Full name of company is George Wimpey Plc &lt;WMPY.L>.
+    Operating profit before exceptional items 88.9 mln stg vs
+80.5 mln
+    Exceptional debits 3.0 mln stg vs 11.6 mln
+    Operating profit 85.9 mln stg vs 68.9 mln
+    Share of profits less losses of associated companies 1.4
+mln stg vs 2.4 mln loss
+    Interest - net payable 20.8 mln stg vs 19.6 mln
+    Attributable minority profits debits 0.2 mln stg vs 0.3 mln
+    Extraordinary items debit 3.4 mln stg vs 4.3 mln credit
+    Net borrowings 195.1 mln stg vs 193.5 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5326" NEWID="15428">
+<DATE> 9-APR-1987 07:20:29.48</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0443&#31;reute
+f f BC-embargoed-0700edt****   04-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA FEBRUARY TRADE SURPLUS 1.25 BILLION DLRS AFTER
+JANUARY 623 MLN DLRS SURPLUS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4607" NEWID="15429">
+<DATE> 9-APR-1987 07:21:35.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0444&#31;reute
+b f BC-AEGON-1986-NET-PROFIT   04-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEGON 1986 NET PROFIT RISES 6.4 PCT</TITLE>
+<DATELINE>    THE HAGUE, April 9 - </DATELINE><BODY>Net profit 327.1 mln guilders vs
+307.5.
+    Total revenue 7.97 billion guilders vs 8.7 billion.
+    Net profit per five guilder nominal share 9.33 guilder vs
+9.25 (corrected for capital increase).
+    Final dividend 1.30 guilders and 2.4 pct stock vs 1.30
+guilders and 2.2 pct in stock. Interim dividend already paid
+was 1.30 guilders.
+    Note : full name of company is AEGON NV &lt;AEGN.AS>
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5328" NEWID="15430">
+<DATE> 9-APR-1987 07:21:50.13</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E V RM
+&#22;&#22;&#1;f0445&#31;reute
+b f BC-embargoed-0700edt-CAN   04-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA FEBRUARY TRADE SURPLUS 1.2 BILLION DLRS</TITLE>
+<DATELINE>    OTTAWA, April 9 - </DATELINE><BODY>Canada had a trade surplus of 1.25
+billion dlrs in February compared with an upward revised 623
+mln dlrs surplus in January, Statistics Canada said.
+    The January surplus originally was reported at 533 mln
+dlrs. The February surplus last year was 189 mln dlrs.
+    February exports, seasonally adjusted, were 10.44 billion
+dlrs against 9.85 billion in January and 10.05 billion in
+February, 1986.
+    February imports were 9.19 billion dlrs against 9.23
+billion in January and 9.86 billion in February, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4609" NEWID="15431">
+<DATE> 9-APR-1987 07:24:18.75</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0449&#31;reute
+r f BC-BANK-OF-JAPAN-BUYS-DO   04-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN BUYS DOLLARS IN TOKYO, DEALERS SAY</TITLE>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>The Bank of Japan bought a modest amount
+of dollars at around 145.10 yen just after the market here
+opened, dealers said.
+    Just before the opening, the dollar dropped swiftly as
+speculators concluded the Group of Seven (G-7) comminuique
+issued in Washington contained nothing basically new, they
+said. It fell about a half yen, to around 145.
+    The G-7 reaffirmed that their currencies around current
+levels reflect economic fundamentals.
+    One dealer said the Bank of Japan probably intervened in
+Australia before the opening here, but could not confirm this.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5330" NEWID="15432">
+<DATE> 9-APR-1987 07:24:49.99</DATE>
+<TOPICS><D>yen</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0452&#31;reute
+r f BC-MIYAZAWA-SAYS-YEN-STI   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS YEN STILL INSIDE PARIS RANGE</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Japanese Finance Minister Kiichi
+Miyazawa said the strengthening of the yen against the dollar
+that has occurred since the Paris Agreement was within the
+range agreed on in the Louvre discussions.
+    "I would say that what has happened (to the yen) in the past
+several weeks was not outside the range we agreed to in the
+discussions in Paris," Miyazawa told a press conference
+following the Group of Seven meeting here.
+    He added that the current discussions were a "reaffirmation"
+of that agreement, indicating that the "solidarity" that occurred
+in Paris was still in place.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4611" NEWID="15433">
+<DATE> 9-APR-1987 07:25:34.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0456&#31;reute
+r f BC-THREE-BRAZILIAN-GOVER   04-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THREE BRAZILIAN GOVERNORS SEEK REMOVAL OF FUNARO</TITLE>
+<DATELINE>    SAO PAULO, April 8 - </DATELINE><BODY>Brazil's three most powerful state
+governors have joined forces to seek the removal of Finance
+Minister Dilson Funaro.
+    The governors of Sao Paulo, Rio de Janeiro and Minas Gerais
+told a news conference they want changes in the cabinet and in
+the shaping of economic policy, with Funaro singled out for
+criticism by Sao Paulo governor Orestes Quercia.
+    They made their call while Funaro is in Washington holding
+talks with creditors on rescheduling Brazil's 111 billion dlr
+foreign debt.
+reuter^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4612" NEWID="15434">
+<DATE> 9-APR-1987 07:26:21.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>botswana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0459&#31;reute
+r f BC-THREE-KILLED-IN-BOTSW   04-09 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THREE KILLED IN BOTSWANA BLAST</TITLE>
+<DATELINE>    GABORONE, April 9 - </DATELINE><BODY>Three people were killed and two others
+injured when a huge explosion, believed to be a bomb, went off
+in a suburb of Botswana's capital Gaborone.
+    Witnesses told Reuters the blast, near the headquarters of
+the Botswana Defence Force, occurred at about 2 A.M. (1200 GMT)
+and flattened several houses.
+    Minutes after the explosion Botswana soldiers sealed off
+the scene, which is near where South African troops last May
+launched a military attack against alleged guerrilla targets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4613" NEWID="15435">
+<DATE> 9-APR-1987 07:27:20.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0464&#31;reute
+u f BC-COUPON-CUT-ON-BANK-OF   04-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUPON CUT ON BANK OF TOKYO DOLLAR CONVERTIBLE</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The coupon on the 100 mln dlr, 15-year,
+convertible eurobond for the Bank of Tokyo Ltd has been cut to
+1-3/4 pct from the two pct initially indicated, lead manager
+Bank of Tokyo International Ltd said.
+    The foreign exchange rate has been set at 146.40 yen to the
+dollar but details of the conversion price were not immediately
+available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4614" NEWID="15436">
+<DATE> 9-APR-1987 07:27:42.32</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0466&#31;reute
+b f BC-U.K.-MONEY-MARKET-GET   04-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GETS 103 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The Bank of England said it operated in
+the money market this morning, buying 103 mln stg bank bills.
+    The central bank bought in band one 60 mln stg at 9-7/8, in
+band two eight mln at 9-13/16, in band three 26 mln at 9-3/4
+and in band four nine mln stg at 9-11/16 pct.
+    This compares with the bank's forecast of a 400 mln stg
+shortfall today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5335" NEWID="15437">
+<DATE> 9-APR-1987 07:28:27.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0468&#31;reute
+u f BC-JAPAN-CRITICISED-FOR   04-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CRITICISED FOR "DUMPING" OF BANK SERVICES</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>Japan, which has been accused of dumping
+everything from steel to computer microchips on world markets,
+is now under attack for alleged cut-throat selling of a product
+of a different sort -- banking services.
+    At meetings here this week, Bank of England officials
+pressed their Japanese counterparts to change regulations that
+foreign bankers say give their Japanese rivals an unfair
+advantage in world financial markets.
+    The technical banking talks coincided with, but were
+separate from, discussions between Japanese officials and
+British corporate affairs minister Michael Howard, who left
+Tokyo yesterday for South Korea.
+    At the crux of the talks was the way regulators in various
+countries measure bank capital and how much capital banks must
+put up to back up their loans.
+    It is generally agreed that shareholders' equity forms the
+bulwark of bank capital but there is disagreement about what
+else should be included.
+    Some foreign bankers contend that their Japanese rivals can
+undercut them on loans and other banking services because
+Tokyo's capital regulations are easier to meet.
+    The Japanese banks have an unfair advantage, Paul Hofer,
+head of the Foreign Bankers Association of Japan, told Reuters.
+    Sumitomo Bank Ltd chief economist Masahiko Koido said, "They
+see us as very aggressive. We say we are just trying to catch
+up with them."
+    Earlier this year, the United States and Britain agreed to
+adopt common regulations requiring banks to put up capital
+equivalent to at least six pct of total assets. The two
+countries urged others to follow suit, notably Japan.
+    But Japanese Finance Ministry officials held out little
+hope that would happen soon as they just introduced new
+regulations governing capital ratios last May.
+    Under those regulations, banks have until 1990 to attain a
+capital ratio of four pct. But, in tacit recognition of
+overseas pressure, the ministry set a six pct target for
+Japanese banks with overseas branches.
+    But foreign bankers say the rub was that it allowed Japan's
+banks to count 70 pct of the value of their massive holdings of
+Japanese shares - their so-called hidden reserves - as capital.
+    Without the shares, big Japanese banks would only have
+capital ratios of around three pct. With them, their ratios are
+well above six pct, especially after the recent record-breaking
+climb of Tokyo share prices.
+    Western diplomats argue that the shares are valued far too
+high by the ministry. Japanese banks would never be able to
+realize anywhere near that amount if they were forced to sell
+the shares to raise funds in an emergency, they say.
+    Finance Ministry officials defended their stance by saying
+that studies of the stock market over the last 30 years show
+that prices have rarely fallen below the 70 pct value level.
+    But the U.S. Federal Reserve seems to think otherwise.
+Japanese officials say the Fed has effectively held up
+applications for bank licenses by Japanese financial
+institutions by asking them for a very detailed accounting of
+their hidden reserves.
+    The officials say Japan recently raised the issue with the
+Fed through its embassy in Washington and is hoping for talks
+on the subject.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5336" NEWID="15438">
+<DATE> 9-APR-1987 07:33:57.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0473&#31;reute
+u f BC-NATNED-FORECASTS-1987   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATNED FORECASTS 1987 RESULTS IN LINE WITH 1986</TITLE>
+<DATELINE>    THE HAGUE, April 9 - </DATELINE><BODY>The Netherlands' largest insurer
+Nationale Nederlanden NV &lt;NTTN.AS> (NatNed) said it expected at
+least unchanged results in 1987 after reporting 1986 net
+profits up 5.3 pct to 635.5 mln guilders from 603.4 mln in
+1985,
+    Revenues increased by 0.5 pct to 17.35 billion guilders
+after 17.27 billion the previous year, and the dividend was
+raised to 2.50 guilders per share from 2.38 guilders in 1985,
+corrected on a capital increase.
+    The company said guilder revenue and profit were pressured
+by falls in exchange rates, particularly in the US and
+Australian dollar and sterling.
+    Without these currency fluctuations, net profit would have
+been 30.7 mln guilders higher and revenue 1.97 billion higher,
+NatNed said.
+    The international share in turnover was 50 pct in 1986
+compared with 52 pct in 1985.
+    The company's life insurance result fell to 365.7 mln
+guilders after 428.4 mln in 1985 due to currency influences,
+tighter interest margins and increased investment.
+    Claim payouts fell to 9.9 mln guilders after 66.6 mln the
+previous year.
+    The company's total assets reached 69.87 billion guilders
+in 1986 against 67 billion the year before.
+    Assets per share equalled 65.68 guilders against 65.53.
+    Without these currency fluctuations, net profit would have
+been 30.7 mln guilders higher and revenue 1.97 billion higher,
+NatNed said.
+    The international share in turnover was 50 pct in 1986
+compared with 52 pct in 1985.
+    The company's life insurance result fell to 365.7 mln
+guilders aft
+ INTERRUPTED
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5337" NEWID="15439">
+<DATE> 9-APR-1987 07:35:41.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0477&#31;reute
+u f BC-BRITAIN,-U.S.-TO-DISC   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN, U.S. TO DISCUSS JAPAN TRADE RELATIONS</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>British Foreign Secretary Sir Geoffrey
+Howe and U.S. Secretary of State George Shultz plan to discuss
+the growing crisis in trade relations with Japan in talks in
+Washington, government officials said.
+    Howe views the apparent deadlock in British attempts to
+secure a greater share in Japanese domestic markets very
+seriously, said an official travelling with him.
+    Britain has threatened to impose retaliatory restrictions
+on Japanese finance houses in London if Japan does not open up
+its markets. The U.S. Has already imposed higher tariffs on
+computer microchips imported from Japan.
+    Michael Howard, the British minister for consumer and
+corporate affairs, repeated the threat of sanctions before
+leaving Tokyo yesterday at the end of a four-day visit during
+which he failed to secure major concessions from the Japanese.
+    Howe's main mission in Washington was to brief Shultz on
+Prime Minister Margaret Thatcher's visit to the Soviet Union
+last week. Shultz is due to fly to Moscow next week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5338" NEWID="15440">
+<DATE> 9-APR-1987 07:36:07.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0480&#31;reute
+u f BC-CONTI-SHARES-OPEN-HIG   04-09 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTI SHARES OPEN HIGHER ON GOOD NEW TYRE REVIEWS</TITLE>
+<DATELINE>    BONN, April 9 - </DATELINE><BODY>Shares of Continental Gummi-Werke AG
+&lt;CONG.F> opened eight marks stronger in an otherwise mixed
+Frankfurt market and dealers attributed the trend to favourable
+press reports about a new tyre system the company is
+developing.
+    The shares later eased to 344.50.
+    A spokesman for the West German Automobile Association,
+ADAC, said the ADAC magazine in a recent edition described
+advantages of the new tyre.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5339" NEWID="15441">
+<DATE> 9-APR-1987 07:38:18.81</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0487&#31;reute
+u f BC-BANK-OF-FRANCE-RETURN   04-09 0058</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BANK OF FRANCE RETURN - APR 9
+ Week end Apr 2 (in mln francs)
+ Gold reserves 218,316 (unch)
+ Convertible Currency Reserves 119,518 (116,728)
+ Ecus 62,008 (62,020)
+ Special Operations (advances to
+     Exchanges stabilisation fund) nil (nil)
+ Special Drawing Rights 6,866 (unch)
+ Notes In Circulation 209,260 (207,517)
+ Foreign Liabilities 3,101 (3,082)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5340" NEWID="15442">
+<DATE> 9-APR-1987 07:42:31.51</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0501&#31;reute
+u f BC-EUROPEAN-MARKETS-REAC   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN MARKETS REACT QUIETLY TO G-7 COMMUNIQUE</TITLE>
+<AUTHOR>    By Richard Murphy, Reuters</AUTHOR>
+<DATELINE>    ZURICH, April 9 - </DATELINE><BODY>European currency markets reacted quietly
+to the G-7 communique, with comments from bankers and dealers
+ranging from disappointment that it was not more concrete to
+surprise that the markets should have expected so much.
+    The dollar opened lower against virtually all currencies
+and traded in a narrow range after the communique, which
+reaffirmed support for the Paris accord on currency
+stabilisation but contained no moves to strengthen it.
+    Dealers in Frankfurt and Zurich saw the dollar remaining
+broadly entrenched in its current trading range.
+    "The dollar is likely to stay within a range of 1.80 to 1.84
+marks," said Gisela Steinhaeuser, senior dealer at Chase Bank
+AG. She said there was some resistance to further climbs.
+    However, she said the dollar could break out of the range
+with major surprises such as a worse-than-expected U.S.
+Merchandise trade deficit, due next Tuesday.
+    Theodor Stadelmann, dealer with Bank Julius Baer and Co Ltd
+in Zurich, said he expects the dollar to hold steady against
+the mark and Swiss franc but to weaken further against the yen,
+possibly to 140 yen.
+    A Milan banker shared Stadelmann's view, saying he expects
+a dollar-yen range of 140-150 in the short term.
+    London traders said the G-7 communique failed to curb
+underlying bearishness toward the dollar but this negative
+sentiment was not yet strong enough to tempt interbank
+operators to test the downside.
+    Concern that finance ministers and officials still in
+Washington could issue more concrete statements in favour of
+currency stabilisation kept players sidelined, along with
+worries about provoking fresh central bank intervention in the
+near term, the traders said.
+    Most Paris dealers expressed disappointment at the
+communique, saying nothing has changed to reverse the dollar's
+downward trend.
+    Traders in several centres said the market would look for
+fresh opportunities to test the willingness of central banks to
+defend current ranges, which the communique said were "broadly
+consistent with economic fundamentals and the basic policy
+intentions outlined at the Louvre meeting."
+    Dave Jouhin, senior dealer at Midland Bank in London, said
+"They're going to put somebody's resolve to the test soon." The
+U.S. February trade data may provide the trigger, dealers said.
+    However, some dealers said London-based operators would be
+unlikely to open major positions next week ahead of the long
+Easter weekend. They saw near-term technical support at 1.825
+marks and 145 yen and resistance about 1.83 marks and 146 yen.
+    Chase Bank's Steinhaeuser and other Frankfurt dealers said
+the G-7 communique guaranteed a relatively calm and stable
+market for the foreseeable future compared with the extreme
+volatility seen in the first few months of this year.
+    One dealer at a German bank said the wording of the
+communique made clear the leading nations did not want a
+further dollar drop, and this was supporting the dollar.
+    The German dealer saw the dollar gradually appreciating to
+1.87 marks, broadly seen as its upper limit within the Louvre
+accord's supposed currency target range.
+    A Swiss bank economist said he believed the markets were
+ready for a period of "mainly sideways movement."
+    But Milan dealers were sceptical about the communique
+contributing to greater stability.
+    "Nothing has changed substantially to give the dollar a big
+boost," said one dealer, while another Italian banker said he
+expects the dollar to trade between 1.77 and 1.87 German marks
+in the next three months.
+    A Swiss monetary source, who asked not to be named, said
+the communique had been in line with realistic expectations and
+should not have produced disappointment.
+    "The problem is that the changes needed in fiscal and trade
+policies to redress current imbalances are of a different
+timescale than currency markets operate on," the source told
+Reuters, "This is a political process which takes time."
+    Alois Schwietert, chief economist at Swiss Bank Corp in
+Basle, also questioned the tone of disappointment evident on
+currency markets today. "Did people really expect a patent
+remedy?" he asked.
+    Bank economists in Paris noted yesterday's meeting was only
+the first in a series and said the market would watch carefully
+in the next few weeks for any changes in positions.
+    A senior economist with Banque Indosuez said the focus was
+now on trade and growth rather than interest rates. Any move by
+Japan and West Germany to boost their economic growth could
+lead to a quick change in the U.S. Position.
+    Dealers in all centres agreed that markets would be wary in
+pushing the dollar too far too quickly in the coming months
+while central banks appear resolved to use their muscle to
+support the Paris accord.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4621" NEWID="15443">
+<DATE> 9-APR-1987 07:45:02.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0509&#31;reute
+u f BC-SOVIET-UNION-ACCUSES   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET UNION ACCUSES U.S. OF SPYING</TITLE>
+<DATELINE>    MOSCOW, April 9 - </DATELINE><BODY>The Soviet Union displayed spying
+equipment it said had been placed by American agents in five
+different Soviet buildings in the United States.
+    A Foreign Ministry spokesman told a news conference the
+equipment demonstrated "the widespread, illegal activities
+against Soviet people and missions in the United States by
+American special services."
+    Diagrams and photographs displayed at the news conference
+showed devices allegedly found in the Soviet embassy in
+Washington, the consulate in San Francisco and in other
+locations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4622" NEWID="15444">
+<DATE> 9-APR-1987 07:46:21.65</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0513&#31;reute
+u f BC-GERMAN-MONEY-MARKET-S   04-09 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN MONEY MARKET SPLIT ON LOWER RATE PROSPECTS</TITLE>
+<DATELINE>    FRANKFURT, April 9 - </DATELINE><BODY>Remarks by central bankers raised some
+hopes the Bundesbank will cut rates on securities repurchase
+pacts, but operators remained divided on the likelihood of a
+move in the near term, money market dealers said.
+    Comments by Bundesbank board member Claus Koehler yesterday
+that rate cuts were needed to curb money supply growth from
+speculative capital inflows, and by West Berlin state central
+bank president Dieter Hiss that there was no natural lower
+limit to the discount rate had, however, no immediate impact.
+    Call money declined to 3.65/75 pct from 3.75/85 pct but the
+drop was tied to extra liquidity in the market, dealers said.
+    Dealers said the Bundesbank's latest liquidity allotment
+this week dashed some hopes of lower rates.
+    The Bundesbank allotted only 6.1 billion marks yesterday in
+new liquidity in a repurchase pact at an unchanged rate of 3.80
+pct, thus subtracting some 8.8 billion marks from the market,
+as an outgoing 14.9 billion pact expired.
+    But some dealers said the smaller volume awarded by the
+pact was in line with present liquid money market conditions,
+and did not exlude a cut in the repurchase pact rate soon to
+3.70 pct if money market rates continue at present levels.
+    The next opportunity for the Bundesbank to lower rates on
+repurchase pacts will be in a tender expected next Tuesday.
+    Bundesbank officials have already said they favour more
+discreet rate adjustments through repurchase pacts, rather than
+the more public adjustment of leading rates.
+    The Bundesbank may either set a fixed allocation rate and
+allow banks to tender for the volume, as has been the case
+since it lowered its discount rate January 22, or else it may
+allow banks to tender for the rate and set the volume itself.
+    Dealers expect volume of the tender to be lower than the
+15.2 billion marks flowing out, to offset other incoming funds.
+    Some seven billion marks is expected to flow in next week.
+This should then flow back into the market as it is deposited
+with banks.
+    Banks were well supplied with liquidity, holding 61.5
+billion marks in reserves at the Bundesbank on Tuesday.
+    Holdings of average daily reserves over the first seven
+days of April stood at 59.6 billion marks, still above the
+estimated 51 billion required for all of April.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5343" NEWID="15445">
+<DATE> 9-APR-1987 07:53:14.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0522&#31;reute
+u f BC-SWEDISH-DRUG-FIRM-AST   04-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH DRUG FIRM ASTRA RISE ON AIDS HOPES</TITLE>
+<DATELINE>    STOCKHOLM, April 9 - </DATELINE><BODY>Swedish drug firm AB Astra &lt;ASTS.ST>
+shares rose 48 crowns to 690 in the first two hours of trading
+on the Stockholm Bourse, amid hopes its research into
+anti-viral drugs may have promising results in the treatment of
+Acquired Immune Deficiency Syndrome (AIDS).
+    Stockbrokers said the shares, which climbed amid heavy
+institutional buying, also rose in reaction to an optimistic
+assessment of future products in the firm's annual report which
+was released this week.
+    Brokers Enskilda Fondkommission said in a report this month
+that Astra was a world leader in anti-viral drugs.
+    Although Enskilda said Astra had not made any breakthrough
+in developing a specific drug to treat the Acquired Immune
+Deficiency Syndrome it noted that investors were only now
+discovering that the firm's approach in the area was promising.
+    "It is clear that Astra has a tradition in anti-viral
+research which should prove valuable in fighting this disease,"
+the report by Enskilda, the investment banking unit of
+Skandinaviska Enskilda Banken &lt;SEBS.ST>, said.
+    Company officials could not be reached for comment on the
+causes of today's share rise.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4624" NEWID="15446">
+<DATE> 9-APR-1987 07:58:41.55</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>thailand</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0531&#31;reute
+u f BC-THAILAND-TO-RENEW-LON   04-09 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAILAND TO RENEW LONG TERM SUGAR CONTRACTS -TRADE</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Thailand is to negotiate tomorrow with
+selected trade houses for renewal of long term raw sugar sales
+contracts, to cover the next five years at a rate of 60,000
+tonnes annually, traders said.
+    They also reported vague talk Algeria may be seeking 50,000
+tonnes of raws tomorrow but details are unclear.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4625" NEWID="15447">
+<DATE> 9-APR-1987 08:02:59.91</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0541&#31;reute
+u f BC-EC-LAUNCHES-ANTI-DUMP   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC LAUNCHES ANTI-DUMPING PROBE ON JAPANESE CHIPS</TITLE>
+<DATELINE>     BRUSSELS, April 9 - </DATELINE><BODY>The European Community launched an
+investigation into allegations of dumping by Japanese
+semiconductor makers in a move which diplomats said could mark
+an intensification of world trade strains.
+    Tokyo already faces a deadline of April 17 from Washington
+for the imposition of 300 mln dlrs worth of tariffs on chips it
+imports into the U.S.
+    The EC Executive Commission said today the European
+Electrical Component Manufacturers Association complained that
+Japanese firms were selling high capacity EPROM type (erasable
+programmable read only memory) chips at unfairly low prices.
+    Japan last year took 78 pct of the 170 mln dlr EC EPROM
+market, up from 60 pct in 1984. The EC firms said they had been
+forced to offer their products at a discount of up to 30 pct in
+order to compete with the Japanese.
+    The Commission said it believed the Association had given
+sufficient elements of proof for dumping to warrant an
+investigation, which could lead it to impose duties if it found
+the complaints were justified.
+    The Commission claims last year's accord between the U.S.
+And Japan on microchip pricing gives U.S. Firms privileged
+access to the Japanese market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5346" NEWID="15448">
+<DATE> 9-APR-1987 08:04:26.16</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0548&#31;reute
+u f BC-SWISS-TO-LAUNCH-NEW-S   04-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS TO LAUNCH NEW SERIES OF MONEY MARKET PAPER</TITLE>
+<DATELINE>    ZURICH, April 9 - </DATELINE><BODY>The Swiss Federal Government will launch
+a new series of three month money market certificates totalling
+around 150 mln Swiss francs, the National Bank said.
+    Subscriptions close April 14 and payment date is April 16.
+    The last series of three month paper issued in March raised
+147.3 mln francs at an issue price of 99.142 pct, giving an
+average annual yield of 3.501 pct.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5347" NEWID="15449">
+<DATE> 9-APR-1987 08:07:31.95</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0565&#31;reute
+u f BC-EUROPEAN-MARKETS-REAC   04-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN MARKETS REACT QUIETLY TO G-7 COMMUNIQUE</TITLE>
+<DATELINE>    ZURICH, April 9 - </DATELINE><BODY>European currency markets reacted quietly
+to the G-7 communique, with comments from bankers and dealers
+ranging from disappointment that it was not more concrete to
+surprise that the markets should have expected so much.
+    The dollar opened lower against virtually all currencies
+and traded in a narrow range after the communique, which
+reaffirmed support for the Paris accord on currency
+stabilisation but contained no moves to strengthen it.
+    Frankfurt and Zurich dealers saw the dollar staying broadly
+entrenched in its current trading range.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4628" NEWID="15450">
+<DATE> 9-APR-1987 08:09:03.08</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>japan</D><D>west-germany</D><D>france</D><D>canada</D><D>italy</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0574&#31;reute
+u f PM-FUND ***URGENT  04-09 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCE MINISTERS AGREE ON NEED FOR STABILITY</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Finance ministers from seven major
+industrialized nations agreed on the need to stabilize
+currencies at current levels but said more action was needed to
+reduce trade imbalances and sustain economic growth.
+    In a communique issued after a four-hour meeting at the
+U.S. Treasury that ended last night, the ministers said the
+value of the dollar and other currencies was basically correct
+now, and they welcomed new measures planned by the Japanese to
+boost their economy.
+    West German Finance Minister Gerhard Stoltenberg called it
+a "good meeting" and in brief remarks exchanged with reporters
+other ministers seemed pleased with its outcome.
+    Shortly after the communique was issued and just as foreign
+exchange trading opened in Tokyo, the Bank of Japan intervened
+again to prevent the yen rising too quickly.
+    The communique said, "The ministers and governors reaffirmed
+the commitment to the cooperative approach agreed at the recent
+Paris meeting. They agreed, however, that further actions will
+be essential to resist rising protectionist pressures, sustain
+global economic expansion and reduce trade imbalances."
+    It welcomed the plans set this week by the Japan's ruling
+Liberal Democratic Party to stimulate its economy with what the
+communique termed "extraordinary and urgent measures" including
+an "unprecedented front-end loading of public works
+expenditures."
+    The meeting of the so-called Group of Seven brought
+together ministers and central bank governors of the seven
+major industrial democracies, the United States, Japan, West
+Germany, France, Britain, Italy and Canada.
+    The communique said the ministers reaffirmed the commitment
+on cooperation reached in a meeting on February 22 in Paris
+when they had agreed to stabilize foreign exchange rates at the
+then-current levels.
+    In the weeks that followed, the dollar continued to fall
+against the Japanese yen despite massive dollar purchases by
+the Bank of Japan and other central banks and is now trading at
+around postwar lows.
+    Japan has come under growing criticism from both the United
+States and European countries for its only modest efforts to
+open its markets to outside competition and to reduce its
+exports.
+    The communique said Japan affirmed its intention to open
+domestic markets to foreign goods and services but did not
+elaborate.
+    It said the officials "reaffirmed the view that around
+current levels their currencies are within ranges broadly
+consistent with economic fundamentals and the basic policy
+intentions outlined at the Louvre meeting."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4629" NEWID="15451">
+<DATE> 9-APR-1987 08:13:36.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0586&#31;reute
+u f BC-AEGON-EXPECTS-MODERAT   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEGON EXPECTS MODERATE RISE IN 1987 PROFITS</TITLE>
+<DATELINE>    THE HAGUE, April 9 - </DATELINE><BODY>Dutch insurer AEGON NV &lt;AEGN.AS>
+reported a 6.4 pct increase in 1986 net profits to 327.1 mln
+guilders and said it expected a moderate increase in profits
+for 1987.
+    Total revenue was eight pct lower in 1986 at 7.97 billion
+guilders vs 8.7 billion guilders in 1985. The company said its
+revenues were down due to lower foreign exchange rates and a
+change in accounting practice. It added that revenues would
+have risen by about seven pct had those changes not occurred.
+    Revenue from Dutch operations rose five pct in 1986, mainly
+due to its life insurance business.
+    Health insurance revenues in the Netherlands also rose
+despite a notable shift to insurances with lower premiums and
+higher personal risks.
+    Damage insurances made losses, mainly due to car damage
+insurances. AEGON did not specify the loss.
+    In the United States, revenue in guilders from health and
+life insurance was lower. AEGON said this was due to a change
+in accounting for U.S. Annuities.
+    AEGON said annuities are subject to such strong personal
+investment influences that it should be accounted differently
+from the more traditional insurances.
+    This change in accounting practice and another change to
+account for profits made on fixed interest investments,
+resulted in an incidental rise in net profits of 31 mln
+guilders.
+    AEGON said incidental negative influences on net profits
+were slightly higher, being the lower dollar rate, high initial
+costs for new products, and the cost of new headquarters in The
+Hague.
+    In 1986, a large number of new insurance products emerged
+in the Netherlands and the U.S., AEGON said. Large initial
+costs for these products have depressed net profits somewhat.
+    Monumental Corp, a U.S. Insurer which merged with AEGON in
+May 1986, saw its profits almost completely eroded by these
+costs and made only a small contribution to the group's
+profits.
+    AEGON said it has written-off 657 mln guilders in goodwill
+for Monumental Corp.
+    AEGON's net equity was 2.71 billion guilders in December
+1986, against 3.46 billion the year before.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4630" NEWID="15452">
+<DATE> 9-APR-1987 08:14:40.16</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>west-germany</D><D>france</D><D>japan</D><D>canada</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0590&#31;reute
+u f BC-G-7-ISSUES-STATEMENT   04-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 ISSUES STATEMENT AFTER MEETING</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Following is the text of a statement
+by the Group of Seven -- the U.S., Japan, West Germany, France,
+Britain, Italy and Canada -- issued after a Washington meeting
+yesterday.
+    1. The finance ministers and central bank governors of
+seven major industrial countries met today.
+    They continued the process of multilateral surveillance of
+their economies pursuant to the arrangements for strengthened
+economic policy coordination agreed at the 1986 Tokyo summit of
+their heads of state or government.
+    The managing director of the International Monetary Fund
+also participated in the meeting.
+    2. The ministers and governors reaffirmed the commitment to
+the cooperative approach agreed at the recent Paris meeting,
+and noted the progress achieved in implementing the
+undertakings embodied in the Louvre Agreement.
+    They agreed, however, that further actions will be
+essential to resist rising protectionist pressures, sustain
+global economic expansion, and reduce trade imbalances.
+    In this connection they welcomed the proposals just
+announced by the governing Liberal Democratic Party in Japan
+for extraordinary and urgent measures to stimulate Japan's
+economy through early implementation of a large supplementary
+budget exceeding those of previous years, as well as
+unprecedented front-end loading of public works expenditures.
+    The government of Japan reaffirmed its intention to further
+open up its domestic markets to foreign goods and services.
+    3. The ministers and governors reaffirmed the view that
+around current levels their currencies are within ranges
+broadly consistent with economic fundamentals and the basic
+policy intentions outlined at the Louvre meeting.
+    In that connection they welcomed the strong implementation
+of the Louvre Agreement.
+    They concluded that present and prospective progress in
+implementing the policy undertakings at the Louvre and in this
+statement provided a basis for continuing close cooperation to
+foster the stability of exchange rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4631" NEWID="15453">
+<DATE> 9-APR-1987 08:16:39.57</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0595&#31;reute
+u f BC-G-7-WANTS-TO-SHOW-MAR   04-09 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 WANTS TO SHOW MARKETS ITS RESOLVE - MIYAZAWA</TITLE>
+<DATELINE>    WASHINGTON, April 8 - </DATELINE><BODY>Japanese Finance Minister Kiichi
+Miyazawa said the Group of Seven (G-7) countries reaffirmed
+their Paris accord on stabilising currencies to convince the
+market of their resolve.
+    At a news conference after today's G-7 meeting, Miyazawa
+said the ministers and central bank governors did not believe a
+totally new statement was needed.
+    The speculative selling did not reflect economic
+fundamentals, and since the fundamentals had not changed only a
+reaffirmation of the goals of the Paris accord was needed, he
+said.
+    He also noted that this test of the G-7 nations resolve had
+concentrated on the yen, while other currencies, especially the
+mark, had remained stable.
+    Miyazawa said any change in economic conditions since the
+Paris accord was not worth being called fundamental.
+    "As I said at a time of Louvre (agreement), the expression
+of 'current level' is rather vague idea," he said.
+    The yen's movement in the past several weeks is within the
+range agreed in Paris in Febraury, he said.
+    It was better to give a vague expression than pin-pointing
+a level, which could have an adverse impact on the market,
+Miyazawa said.
+    Asked why only Japan was committed to fresh measures in the
+statement, he said Japan was exceptional among the seven
+because the yen appreciated against the dollar while other
+major currencies largely have been stable.
+    He also said Japan's ruling Liberal Democratic Party has
+justed adoped a package to reflate the economy while other
+nations are not supposed to produce new measures in a short
+period since the Paris agreement.
+    Miyazawa also said the U.S. sanctions against Japanese
+semiconductor products was not discussed through the G-7
+meeting and did not affect the currency talks.
+    The seven nations discussed the debt problems of developing
+countries and ways to proceed in line with the debt initiative
+outlined by U.S. Treasury Secretary James Baker 18 months ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5352" NEWID="15454">
+<DATE> 9-APR-1987 08:19:00.37</DATE>
+<TOPICS><D>yen</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0600&#31;reute
+u f BC-YEN-SEEN-RISING-AFTER   04-09 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEN SEEN RISING AFTER G-7 COMMUNIQUE</TITLE>
+<AUTHOR>    By Jeremy Solomons, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 8 - </DATELINE><BODY>The yen is likely to start another
+uneven rise against the dollar and other major currencies
+because the Group of Seven communique contained nothing new,
+currency and bond analysts here said.
+    "Is that it? I was expecting something more than that," said
+one trader at a major Wall Street securities company.
+    Marc Cohen of Republic National Bank of New York said: "The
+market now has the impetus to drive the dollar lower again."
+    The dollar hovered between 145.50 and 147 yen in the days
+just before the talks. Dealers restrained their underlying
+bearishness and squared positions ahead of Wednesday's meeting
+of the finance ministers and central bankers of the top seven
+industrialized nations in Washington.
+    After more than four hours of talks, the G-7 issued a
+communique which merely reaffirmed the recent Paris agreement's
+view that prevailing currency levels were broadly consistent
+with economic fundamentals and that exchange rate stability
+should be fostered around these levels.
+    The dollar sank to 144.75 yen in early Tokyo trading.
+    "They said that the dollar/yen rate was broadly in line with
+fundamentals when it was 154. Now they are saying it's in line
+when it's at 146. Will this still be so at 138 or 130?," asked
+Republic's Cohen.
+    Japanese Finance Minister Kiichi Miyazawa fuelled
+speculation about the amount of fluctuation the authorities are
+prepared to tolerate by saying that the current yen level is
+still inside the range agreed on in Paris in late February.
+    Official statements in recent weeks had indicated that the
+key psychological level of 150 yen was at the lower end of the
+authorities' permissible range.
+    Dealers and analysts warned that the dollar's decline would
+probably be uneven. They anticipated a concerted effort to prop
+up the dollar and restrain the yen via a mixture of open market
+intervention and public comments.
+    Shortly after the Tokyo market opened today the Bank of
+Japan was detected by local dealers buying moderate amounts of
+dollars. The dollar rebounded to about 145.20 yen.
+    The sources said the market may also be wary of agressively
+selling dollars for yen before Tuesday's February U.S. Trade
+data. The figures are expected to show a deficit of 13 billion
+dlrs, from a provisional 14.8 billion in January.
+
+
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5353" NEWID="15455">
+<DATE>  9-APR-1987 08:22:48.35</DATE>
+<TOPICS><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0612&#31;reute
+r f BC-JAPAN-BUSINESS-LEADER   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUSINESS LEADERS SAY G-7 ACCORD IS WORRYING</TITLE>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>The leaders of two of Japan's top business
+groups said in separate statements the Group of Seven (G-7)
+accord reached in Washington yesterday is of deep concern to
+Japan because it shows the major industrial nations regard the
+yen's current level as appropriate.
+    Eishiro Saito, chairman of the Federation of Economic
+Organizations (Keidanren), said the yen's present rate is well
+above adequate levels. He did not elaborate.
+    Takashi Ishihara, chairman of the Japan Committee for
+Economic Development, said the accord will not prevent the yen
+from rising further.
+    "We do not understand why the G-7 approved present rates as
+the yen has risen excessively since the Paris accord," Ishihara
+said.
+    G-7 members Britain, Canada, France, Italy, Japan, the U.S.
+And West Germany said in a statement they consider their
+currencies are now within ranges broadly consistent with
+economic fundamentals.
+    Saito called on each G-7 member nation to prepare to
+intervene in the market strongly enough to ensure exchange
+rates are stabilised at appropriate levels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5354" NEWID="15456">
+<DATE> 9-APR-1987 08:24:43.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0618&#31;reute
+r f BC-G-7-COMMITMENT-TESTS   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 COMMITMENT TESTS JAPAN'S WILL TO BOOST ECONOMY</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>The statement issued today by the Group of
+Seven (G-7) industrialised nations has put Japan under greater
+international pressure to stimulate its economy or face a
+further rise in the yen, private economists and analysts said.
+    They said the communique reflected increased foreign
+frustration with Japan's burgeoning trade surplus and its
+tight-fisted fiscal policies in the past.
+    Unless Japan implements economic measures included in the
+statement, foreign protectionist sentiment would grow and the
+yen would come under renewed upward pressure, they said.
+    The G-7 -- grouping the U.S., Japan, West Germany, Britain,
+France, Italy and Canada -- said in the statement they welcomed
+proposals announced by Japan's ruling Liberal Democratic Party
+(LDP) for extraordinary and urgent measures to stimulate its
+economy and that Japan reaffirmed its intention to further open
+its domestic markets.
+    "It's rather unusual that only Japan was mentioned in the
+communique and promised something," said Takeshi Saito, general
+manager of Fuji Bank Ltd's research division. This showed how
+strongly other nations want Japan to take concrete and
+effective steps to redress its trade surplus, he said.
+    The statement referred to some details of Japan's proposed
+economic measures, such as early implementation of a large
+supplementary budget exceeding those of previous years and
+unprecedented front-end loading of public works expenditures.
+    It did not mention any figure for the projected
+supplementary budget but LDP officials have said it will amount
+to more than 5,000 billion yen for fiscal 1987, which compares
+with 2,000 billion provided for the previous year.
+    "It signalled a clear shift away from the conservative
+fiscal policies of the past," said Kazuaki Harada, senior
+managing director of Sanwa Research Institute.
+    For the last five years the government has stuck to a
+tight-fisted fiscal policy in its attempt to stop issuing
+deficit financing bonds by 1990.
+    But mounting foreign pressure for Japan to boost its
+economy, hurt by the yen's extended rise, hurried the
+government to hammer out a draft economic package and bring it
+to the latest G-7 meeting.
+    Harada said Japan should not view expansion of its economy
+as the result of pressure but as an opportunity to lead world
+economic growth.
+    "The Japanese economy has the potential to take a leadership
+role and we should recognize it," Harada said.
+    If Japan fails to meet such international expectations it
+will invite some retaliatory moves, especially from the U.S.,
+Which may result in a further rise of the yen, analysts said.
+    The G-7 communique represented a test for Japan's
+commitment to domestically-generated economic growth and to a
+more balanced world trade structure, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4635" NEWID="15457">
+<DATE> 9-APR-1987 08:26:30.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0623&#31;reute
+s f BC-UNIFIRST-CORP-&lt;UNF>-S   04-09 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIFIRST CORP &lt;UNF> SETS QUARTERLY</TITLE>
+<DATELINE>    WOBURN, Mass., April 9 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay July One
+    Record June 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5356" NEWID="15458">
+<DATE> 9-APR-1987 08:26:38.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0624&#31;reute
+d f BC-ARUS-&lt;ARSCC>-GETS-5.2   04-09 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARUS &lt;ARSCC> GETS 5.2 MLN DLR ORDER</TITLE>
+<DATELINE>    UTICA, N.Y., April 9 - </DATELINE><BODY>Arus Corp said it has received a
+letter of intent from Winston Financial Corp for the purchase
+of over 5,200,000 dlrs in telephone diagnostic testing
+equipment.
+    It said it expects to negotiate a firm order in May.
+    The company said the total value of the order is at least
+5,200,000 dlrs and could be more, depending on circuit
+configurations required.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4637" NEWID="15459">
+<DATE> 9-APR-1987 08:26:46.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0625&#31;reute
+r f BC-&lt;TRUMP-PLAZA>-4TH-QTR   04-09 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TRUMP PLAZA> 4TH QTR NET</TITLE>
+<DATELINE>    ATLANTIC CITY, N.J., April 9 -
+    </DATELINE><BODY>Net profit 2,529,000 vs loss 1,066,000
+    Revs 59.0 mln vs 52.6 mln
+    Year
+    Net profit 15.4 mln vs profit 865,000
+    Revs 247.0 mln vs 231.1 mln
+    NOTE: Company became wholly owned and operated by Donald
+Trump in May 1986, when he acquired 50 pct interest that had
+been owned by former operator Holiday Corp &lt;HIA>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5358" NEWID="15460">
+<DATE> 9-APR-1987 08:26:57.49</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0626&#31;reute
+u f BC-EUROPEAN-MARKETS-REAC   04-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN MARKETS REACT QUIETLY TO G-7 COMMUNIQUE</TITLE>
+<AUTHOR>    By Richard Murphy, Reuters</AUTHOR>
+<DATELINE>    ZURICH, April 9 - </DATELINE><BODY>European currency markets reacted quietly
+to the G-7 communique, with comments from bankers and dealers
+ranging from disappointment that it was not more concrete to
+surprise that the markets should have expected so much.
+    The dollar opened lower against virtually all currencies
+and traded in a narrow range after the communique, which
+reaffirmed support for the Paris accord on currency
+stabilisation but contained no moves to strengthen it.
+    Dealers in Frankfurt and Zurich saw the dollar remaining
+broadly entrenched in its current trading range.
+    "The dollar is likely to stay within a range of 1.80 to 1.84
+marks," said Gisela Steinhaeuser, senior dealer at Chase Bank
+AG. She said there was some resistance to further climbs.
+    However, she said the dollar could break out of the range
+with major surprises such as a worse-than-expected U.S.
+Merchandise trade deficit, due next Tuesday.
+    Theodor Stadelmann, dealer with Bank Julius Baer and Co Ltd
+in Zurich, said he expects the dollar to hold steady against
+the mark and Swiss franc but to weaken further against the yen,
+possibly to 140 yen.
+    A Milan banker shared Stadelmann's view, saying he expects
+a dollar-yen range of 140-150 in the short term.
+    London traders said the G-7 communique failed to curb
+underlying bearishness toward the dollar but this negative
+sentiment was not yet strong enough to tempt interbank
+operators to test the downside.
+    Concern that finance ministers and officials still in
+Washington could issue more concrete statements in favour of
+currency stabilisation kept players sidelined, along with
+worries about provoking fresh central bank intervention in the
+long term, the traders said.
+    Most Paris dealers expressed disappointment at the
+communique, saying nothing has changed to reverse the dollar's
+downward trend.
+    Traders in several centres said the market would look for
+fresh opportunities to test the willingness of central banks to
+defend current ranges, which the communique said were "broadly
+consistent with economic fundamentals and the basic policy
+intentions outlined at the Louvre meeting."
+    Dave Jouhin, senior dealer at Midland Bank in London, said
+"They're going to put somebody's resolve to the test soon." The
+U.S. February trade data may provide the trigger, dealers said.
+    However, some dealers said London-based operators would be
+unlikely to open major positions next week ahead of the long
+Easter weekend. They saw near-term technical support at 1.825
+marks and 145 yen and resistance about 1.83 marks and 146 yen.
+    Chase Bank's Steinhaeuser and other Frankfurt dealers said
+the G-7 communique guaranteed a relatively calm and stable
+market for the foreseeable future compared with the extreme
+volatility seen in the first few months of this year.
+    One dealer at a German bank said the wording of the
+communique made clear the leading nations did not want a
+further dollar drop, and this was supporting the dollar.
+    The German dealer saw the dollar gradually appreciating to
+1.87 marks, broadly seen as its upper limit within the Louvre
+accord's supposed currency target range.
+    A Swiss bank economist said he believed the markets were
+ready for a period of "mainly sideways movement."
+    But Milan dealers were sceptical about the communique
+contributing to greater stability.
+    "Nothing has changed substantially to give the dollar a big
+boost," said one dealer, while another Italian banker said he
+expects the dollar to trade between 1.77 and 1.87 German marks
+in the next three months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4639" NEWID="15461">
+<DATE> 9-APR-1987 08:27:21.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0629&#31;reute
+r f BC-WESTRONIX-&lt;WSTX>-COMP   04-09 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTRONIX &lt;WSTX> COMPLETES STOCK SALE</TITLE>
+<DATELINE>    MIDVALE, Utah, April 9 - </DATELINE><BODY>Westronix Inc said it has
+completed the private sale of 2,500,000 common shares at 2.30
+dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4640" NEWID="15462">
+<DATE> 9-APR-1987 08:27:30.72</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0630&#31;reute
+u f BC-WEST-GERMAN-BEET-PLAN   04-09 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN BEET PLANTINGS DELAYED THREE WEEKS</TITLE>
+<DATELINE>    HAMBURG, April 9 - </DATELINE><BODY>Unseasonal cold weather has delayed
+sugar beet plantings in West Germany by up to three weeks, the
+agriculture ministry said.
+    A ministry spokesman said in some central areas, especially
+in the Rhineland, farmers have taken advantage of warmer
+weather and started plantings in the past two days.
+    West German planting intentions this year are put at
+381,000 hectares, down from 390,500 ha last year, he said,
+adding that the 1980/1985 average was 405,000 ha.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4641" NEWID="15463">
+<DATE> 9-APR-1987 08:27:36.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0631&#31;reute
+r f BC-SOUTHWEST-REALTY-&lt;SWL   04-09 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST REALTY &lt;SWL> IN RIGHTS OFFERING</TITLE>
+<DATELINE>    DALLAS, April 9 - </DATELINE><BODY>Southwest Realty Ltd said it has filed
+for a rights offering.
+    It said for each three shares owned, a shareholder will
+receive a transferable right to purchase one additional share
+at 2.50 dlrs.
+    The company said the offering is expected to be made on
+June 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5362" NEWID="15464">
+<DATE> 9-APR-1987 08:27:43.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0632&#31;reute
+r f BC-STEP-SAVER-&lt;CODA>-SAY   04-09 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEP-SAVER &lt;CODA> SAYS WARRANT EXERCISED</TITLE>
+<DATELINE>    BALA CYNWYD, Pa., April 9 - </DATELINE><BODY>Step-Saver Data Systems Inc
+said Bergen-Richards Corp has exercised a warrant to buy
+450,000 Step-Saver shares at two dlrs each.
+    It said warrants issued to the underwriter in its initial
+public offering were exercised in March for an aggregate of
+169,200 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5363" NEWID="15465">
+<DATE> 9-APR-1987 08:27:51.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0633&#31;reute
+r f BC-GALAXY-OIL-&lt;GOX>-BEIN   04-09 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GALAXY OIL &lt;GOX> BEING DELISTED BY AMEX</TITLE>
+<DATELINE>    WICHITA FALLS, Texas, April 9 - </DATELINE><BODY>Galaxy Oil Co said its
+common stock and nine pct convertible subordinated debentures
+due 1994 are being delisted from the &lt;American Stock Exchange>
+because the company no longer meets listing criteria.
+    Galaxy filed Chapter 11 bankruptcy on April Six.
+    The company said trading in both issues will be suspended
+by the Amex at the close on May One but is expected to start
+elsewhere on May Four.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5364" NEWID="15466">
+<DATE> 9-APR-1987 08:27:59.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0634&#31;reute
+r f BC-TRANSCAPITAL-&lt;TFC>-UN   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSCAPITAL &lt;TFC> UNIT CLOSING 12 OFFICES</TITLE>
+<DATELINE>    CLEVELAND, April 9 - </DATELINE><BODY>TransCapital Financial Corp's
+TRANSOHIO Savings Bank subsidiary said it plans to close 11
+offices in the Cleveland area and one in Columbus, Ohio,
+reducing its total number of offices to 81 statewide.
+    The company said accounts will be moved into other
+TRANSOHIO offices.  Four closings are set for May 23 and four
+for June 20 and the rest are tentatively set for September 19.
+    It said it is closing branches were overlaps exist
+following its August 1986 acquisitions of Citizens Federal
+Savings and Loan Association of Cleveland and Dollar Savings
+Bank of Columbus or where efficiencies could be improved.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4645" NEWID="15467">
+<DATE> 9-APR-1987 08:28:52.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0638&#31;reute
+r f BC-COAST-SAVINGS-&lt;CSA>-I   04-09 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COAST SAVINGS &lt;CSA> IN TALKS ON BUYING BANK</TITLE>
+<DATELINE>    LOS ANGELES, April 8 - </DATELINE><BODY>Coast Savings and Loan Association
+said it is in talks with the Federal Savings and Loan Insurance
+Corp on the acquisition of Central Savings and Loan Association
+of San Diego.
+    Central, which operates 46 branches, has been under
+management guidance of the FSLIC since May 1985.
+    Coast said the acquisition would give it an entry into the
+San Joaquin Valley market besides strengthening its presence in
+the San Diego, Los Angeles and Orange Counties areas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4646" NEWID="15468">
+<DATE> 9-APR-1987 08:29:14.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0640&#31;reute
+r f BC-BRAMALL-TO-ACQUIRE-GE   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAMALL TO ACQUIRE GELCO FOR UP TO 26.3 MLN DLRS</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>&lt;C.D. Bramall Plc> said in a statement
+accompanying its annual results that it proposed to acquire
+Gelco U.K. For some 26.3 mln dlrs.
+    Part of the cost will be met by the issue of 2.14 mln new
+ordinary Bramall shares which are being placed at 265p each.
+    The acquisition will be satisfied by an initial payment of
+some 25.3 mln dlrs in cash with further payments of 500,000
+dlrs up to a maximum 26.3 mln dlrs. These further payments will
+only be made if profits achieved by Gelco for the year ending
+July 31, 1987 reach a certain level.
+    Bramall shares were trading 6p lower at 278p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4647" NEWID="15469">
+<DATE> 9-APR-1987 08:29:23.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0641&#31;reute
+r f BC-&lt;SAPC-INC>-SUES-LOTUS   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SAPC INC> SUES LOTUS &lt;LOTS> OVER COPYRIGHT</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., April 9 - </DATELINE><BODY>Privately-held software
+developer SAPC Inc said it has filed suit in U.S. District
+Court in Boston against Lotus Development Corp, alleging the
+infringement of a copyright and the misappropriation of trade
+secrets and is seeking 100 mln dlrs in damages.
+    The firm's suit alleges that Lotus' spreadsheet program
+1-2-3 violates the copyright of VisiCalc, which was developed
+by SAPC several years ago, before 1-2-3 was introduced, when
+the firm was known as Software Arts Inc.  Software Arts sold
+rights to VisiCalc to Lotus in 1985 and changed its name.
+    The suit also alleges that Lotus founder Mitchell D. Kapor,
+who resigned as chairman in July 1986, breached a
+confidentiality agreement with SAPC.  Kapor, also named as a
+defendant, had worked for a firm that had marketing rights to
+VisiCalc before founding Lotus.
+    The suit alleges that Lotus and Kapor deliberately sought
+to make 1-2-3 look and feel like VisiCalc by copying a number
+of commands, keystrokes and screen displays.
+    Lotus, in response, said it feels the suit is without merit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4648" NEWID="15470">
+<DATE> 9-APR-1987 08:33:49.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>france</D><D>west-germany</D><D>italy</D><D>canada</D><D>japan</D></PLACES>
+<PEOPLE><D>james-baker</D><D>volcker</D><D>stoltenberg</D><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0667&#31;reute
+r f BC-U.S.-SAID-TO-VIEW-G-7   04-09 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAID TO VIEW G-7 MEETING AS MAJOR SUCCESS</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 9  - </DATELINE><BODY>The United States, which has long
+sought Japanese action to stimulate its economy, appears to be
+satisfied Tokyo's latest package is a major development and
+allows leading industrial nations to reaffirm their agreement
+to stabilize currencies.
+    Monetary sources said they believed that U.S. Treasury
+Secretary James Baker considered Tokyo's package, announced
+yesterday, to be a major stimulation of the Japanese economy.
+    But yesterday's statement by seven leading industrial
+powers endorses the yen's rise from around 153 to the dollar,
+the level at the February 22 Paris Accord, to about 145 today.
+    The supplementary budget worth about 34.48 billion dlrs was
+announced by the ruling Liberal Democratic Party on the eve of
+Miyazawa's departure for Washington, to attend yesterday's
+meetings of leading industrial nations.
+    In a strongly worded statement terming the Japanese action
+"extraordinary and urgent", the meeting reaffirmed the Paris
+Accord by noting that current exchange rates are within ranges
+broadly consistent with fundamentals, or economic reality.
+    The Group of Seven -- the United States, Japan, West
+Germany, France, Britain, Italy and Canada -- therefore
+repeated their willingness to continue close cooperation to
+foster exchange rate stability.
+    The cooperation agreement has resulted in concerted central
+bank intervention of 8 billion to 9 billion dlrs to halt the
+dollar's fall. While relatively unsuccessful, the scale of
+intervention between so many nations is unprecedented in recent
+years.
+    Monetary sources also said they understood that Secretary
+Baker considered the meeting to be extremely successful in the
+light of the Japanese announcement.
+    They also said there was a growing feeling among the
+finance ministers and central bankers that cooperation over
+medium-term policies has replaced the bickering over short-term
+differences in past meetings.
+    West Germany, whose currency has not risen anything like
+the yen since the Paris Agreement, appears from the face of
+yesterday's statement to have won acceptance from other
+countries that its exchange rate is acceptable.
+    Bonn's finance minister Gerhard Stoltenberg argues that
+major currency shifts needed to remedy the huge imbalance
+between West Germany and Japan's trade surpluses and America's
+trade deficit have already taken place.
+    No mention was made, however, of the U.S. commitment to cut
+the budget deficit even though it is implied in the
+reafffirmation of Paris.
+    European nations and Japan believe deficit cuts are
+essential to curbing the record U.S. trade shortfall that
+reached nearly 170 billion dlrs last year.
+    A similar argument was made on Capitol Hill earlier this
+week by Federal Reserve Board chairman Paul Volcker. A further
+sharp fall to redress trade imbalances would "clearly pose
+substantial risks of renewed inflationary momentum and could
+undermine confidence in future financial stability," he said.
+    Volcker warned a further dollar fall might force the
+politically independent Fed to drive up interest rates.
+    Monetary sources said that, privately, West Germany
+welcomed the rise in the yen against the dollar while its own
+currency remained relatively stable against the U.S. unit.
+    Bonn and other European nations worry that once the weak
+dollar blunts Tokyo's export drive to the United States, the
+Japanese monolith will concentrate on European markets.
+    The ministers, meanwhile, also continued talks on making
+their policy coordination more binding and one, Canadian
+Finance Minister Michael Wilson, said good progress was made.
+    Wilson said they will meet before the June Economic Summit
+to prepare a report for the leaders of the seven nations.
+    The United States and France, backed by the International
+Monetary Fund, want the seven to agree on ranges or "norms" for a
+limited number of economic objectives such as growth,
+inflation, monetary conditions, trade balances and current
+account balances.
+    Sharp deviations from these guidelines would result in
+consultations between the countries on whether corrective
+action should be required.
+    But the inclusion of currencies as one of the objectives
+has Bonn and London worried, monetary sources say, because it
+implies Washington is moving in the direction of target zones.
+    The sources said the Reagan administration unsuccessfully
+sounded out its allies on a system of target zones to limit
+currency fluctuations just before the February meeting.
+    The concept is a much more rigid one than the secret ranges
+of the Paris Accord and would mark a sharp departure from the
+relatively free currency markets of recent years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5369" NEWID="15471">
+<DATE> 9-APR-1987 08:37:11.99</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>switzerland</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0679&#31;reute
+b f BC-BELGIUM-LAUNCHES-BOND   04-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM LAUNCHES BONDS WITH GOLD WARRANTS</TITLE>
+<DATELINE>    ZURICH, April 9 - </DATELINE><BODY>The Kingdom of Belgium is launching 100
+mln Swiss francs of seven year notes with warrants attached to
+buy gold, lead mananger Credit Suisse said.
+    The notes themselves have a 3-3/8 pct coupon and are priced
+at par. Payment is due April 30, 1987 and final maturity April
+30, 1994.
+    Each 50,000 franc note carries 15 warrants. Two warrants
+are required to allow the holder to buy 100 grammes of gold at
+a price of 2,450 francs, during the entire life of the bond.
+    The latest gold price in Zurich was 2,045/2,070 francs per
+100 grammes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5370" NEWID="15472">
+<DATE> 9-APR-1987 08:39:11.06</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>italy</D><D>china</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>fao</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0690&#31;reute
+r f BC-FAO-SEES-LOWER-GLOBAL   04-09 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAO SEES LOWER GLOBAL WHEAT, GRAIN OUTPUT IN 1987</TITLE>
+<DATELINE>    ROME, April 9 - </DATELINE><BODY>The U.N. Food and Agriculture Organisation
+(FAO) said global wheat and coarse grain output was likely to
+fall in 1987 but supplies would remain adequate to meet demand.
+    FAO said in its monthly food outlook bulletin total world
+grain output was expected to fall 38 mln tonnes to 1,353 mln in
+1987, due mainly to unusually high winter losses in the Soviet
+Union, drought in China and reduced plantings in North America.
+    World cereal stocks at the end of 1986/87 were forecast to
+rise 47 mln tonnes to a record 452 mln tonnes, softening the
+impact of reduced production. But stocks are unevenly
+distributed, with about 50 pct held by the U.S.
+    "Thus the food security prospects in 1987/88 for many
+developing countries, particularly in Africa, depend crucially
+on the outcome of this year's harvests," FAO said.
+    FAO said world cereal supplies in 1986/87 were estimated at
+a record 2,113 mln tonnes, about five pct higher than last
+season and due mainly to large stocks and a record 1986
+harvest, estimated at 1,865 mln tonnes.
+    FAO's forecast of 1986/87 world cereals trade was revised
+upwards by eight mln tonnes to 179 mln due to the likelihood of
+substantial buying by China and the Soviet Union.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4651" NEWID="15473">
+<DATE> 9-APR-1987 08:40:12.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0697&#31;reute
+u f BC-CATER-HAWLEY-HALE-&lt;CH   04-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATER HAWLEY HALE &lt;CHH> MARCH SALES UP 7.8 PCT</TITLE>
+<DATELINE>    LOS ANGELES, April 9 - </DATELINE><BODY>Carter Hawley Hale Stores Inc said
+sales for the five weeks ended April Four were up 7.8 pct to
+314.0 mln dlrs from 291.3 mln dlrs a year earlier, with
+same-store sales up 5.5 pct.
+    The company said sales for the first two months of its
+fiscal year were up 7.7 pct to 554.7 mln dlrs from 515.1 mln
+dlrs a year earlier, with same-store sales up 5.6 pct.
+    Carter Hawley said sales were helped by shifting some
+promotions to March from April to compensate for the later
+Easter this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4652" NEWID="15474">
+<DATE> 9-APR-1987 08:40:40.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0699&#31;reute
+r f BC-INDEPENDENT-AIR-&lt;IAIR   04-09 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDEPENDENT AIR &lt;IAIR> EXTENDS WARRANTS</TITLE>
+<DATELINE>    SMYRNA, Tenn., April 9 - </DATELINE><BODY>Independent Air Inc said its board
+has extended the expiration of its Class A warrants to June 30
+from April 11 and left the exercise price unchanged at 18 cts
+per common share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4653" NEWID="15475">
+<DATE> 9-APR-1987 08:40:53.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0700&#31;reute
+r f BC-XICOR-&lt;XICO>-SEES-END   04-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XICOR &lt;XICO> SEES END OF INTEL &lt;INTC> PROGRAM</TITLE>
+<DATELINE>    MILPITAS, Calif., April 9 - </DATELINE><BODY>Xicor Inc said based on recent
+talks with Intel Corp, it expects its joint research program
+with Intel on the development of advanced memory devices to be
+ending shortly.
+    The company said it will reallocate personnel presently
+assigned to the program to its one megabit CMOS E2 PROM program
+and other development programs.
+    Reasons for the end of the Intel venture were not given.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5374" NEWID="15476">
+<DATE> 9-APR-1987 08:41:00.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0701&#31;reute
+r f BC-CB-AND-T-BANCSHARES-I   04-09 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CB AND T BANCSHARES INC &lt;CBTB> 1ST QTR NET</TITLE>
+<DATELINE>    COLUMBUS, Ga., April 9 -
+    </DATELINE><BODY>Shr 27 cts vs 24 cts
+    Net 5,223,000 vs 4,682,000
+    Avg shrs 19.7 mln vs 19.4 mln
+    NOTE: Results reflected pooled acquisition of First
+Community Bancshares Inc on March 31, 1987 and include Camden
+Bancorp from January 31, 1987 purchase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4655" NEWID="15477">
+<DATE> 9-APR-1987 08:41:05.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0702&#31;reute
+d f BC-XICOR-INC-&lt;XICO>-1ST   04-09 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XICOR INC &lt;XICO> 1ST QTR MARCH 22 NET</TITLE>
+<DATELINE>    MILPITAS, Calif., April 9 -
+    </DATELINE><BODY>Shr profit five cts vs loss 16 cts
+    Net profit 689,000 vs loss 1,910,000
+    Revs 12.3 mln vs 9,432,000
+    NOTE: 1987 net includes 276,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5376" NEWID="15478">
+<DATE> 9-APR-1987 08:42:37.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0705&#31;reute
+d f BC-GEORGE-WIMPEY-SAYS-BE   04-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEORGE WIMPEY SAYS BENEFITS OF RESTRUCTURING SEEN</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>George Wimpey Plc &lt;WMPY.L> said  the
+outlook for 1987 looked encouraging as the company realised the
+continuing benefits of restructuring.
+    It said its overall financial position showed further
+improvement in 1986 and the reshaping of its U.K. Business into
+clearly defined and activity related divisions had been
+successfully achieved.
+    Wimpey was commenting in a statement on its 1986 results
+which showed pretax profits up 42 pct to 66.5 mln stg.
+    The group had a good overall year in North America, the
+company said in a statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5377" NEWID="15479">
+<DATE> 9-APR-1987 08:43:30.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0706&#31;reute
+d f BC-C.O.M.B.-&lt;CMCO>-MAKES   04-09 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C.O.M.B. &lt;CMCO> MAKES ACQUISITION</TITLE>
+<DATELINE>    PLYMOUTH, Minn., April 9 - </DATELINE><BODY>C.O.M.B. Co said it has acquired
+the principal assets of National Tech Industries Inc and Telkom
+Corp, which are engaged in the sale and telemarketing of
+consumer electronic merchandise and do business as House of
+Imports and N.L. Industries respectively.
+    The company said it paid a total of 8,700,000 dlrs,
+including the assumption of liabilities.
+    National Tech had sales of about 23 mln dlrs for 1986, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4658" NEWID="15480">
+<DATE> 9-APR-1987 08:46:51.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0715&#31;reute
+u f BC-EC-SHELVES-LEGAL-ACTI   04-09 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SHELVES LEGAL ACTION AGAINST THREE AIRLINES</TITLE>
+<DATELINE>    BRUSSELS, April 9 - </DATELINE><BODY>The European Community Commission said
+today it has shelved threatened legal action against West
+Germany's Lufthansa &lt;LHAG.F>, Alitalia of Italy &lt;AERI.MI> and
+Olympic Airways of Greece after they agreed to change practices
+that restrict competition in the heavily-protected EC sector.
+    The Commission had also written to seven other Community
+airlines, including British Airways &lt;BAB.L> and Air France,
+last summer warning them that agreements such as capacity and
+revenue sharing accords broke EC competition rules. The seven
+have already agreed to hold talks with the Commission on
+bringing such practices into line with the rules.
+    In a statement, the EC's executive authority also spelled
+out tough demands it will be putting to carriers in talks on
+liberalising EC air transport and bringing down airfares,
+warning that new legal moves were possible if they refused to
+comply.
+    As a first step, the Commission wanted the 10 carriers to
+eliminate the most serious distortions of competition caused by
+the current practices and agreements.
+    The latest demands go further towards liberalisation than
+proposals that are currently the subject of difficult
+negotiations between by EC Transport Ministers. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4659" NEWID="15481">
+<DATE> 9-APR-1987 08:51:09.49</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>switzerland</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0725&#31;reute
+u f BC-BELGIUM-LAUNCHES-BOND   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM LAUNCHES BONDS WITH GOLD WARRANTS</TITLE>
+<DATELINE>    ZURICH, April 9 - </DATELINE><BODY>The Kingdom of Belgium is launching 100
+mln Swiss francs of seven year notes with warrants attached to
+buy gold, lead manager Credit Suisse said.
+    The notes themselves have a 3-3/8 pct coupon and are priced
+at par. Payment is due April 30, 1987, and final maturity April
+30, 1994.
+    Each 50,000 franc note carries 15 warrants. Two warrants
+are required to allow the holder to buy 100 grammes of gold at
+a price of 2,450 francs, during the entire life of the bond.
+    The latest gold price in Zurich was 2,045/2,070 francs per
+100 grammes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4660" NEWID="15482">
+<DATE> 9-APR-1987 08:51:14.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0726&#31;reute
+d f BC-DATATRAK-INC-&lt;DTRK>-3   04-09 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATATRAK INC &lt;DTRK> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., April 9 -
+    </DATELINE><BODY>Shr profit nil vs profit nil
+    Net profit 27,622 vs profit 5,556
+    Sales 1,031,306 vs 840,906
+    Nine mths
+    Shr loss one ct vs loss two cts
+    Net loss 195,095 vs loss 445,379
+    Sales 2,702,085 vs 2,219,961
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4661" NEWID="15483">
+<DATE> 9-APR-1987 09:00:01.33</DATE>
+<TOPICS><D>yen</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0731&#31;reute
+u f BC-MIYAZAWA-SAYS-YEN-STI   04-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS YEN STILL INSIDE PARIS RANGE</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Japanese Finance Minister Kiichi
+Miyazawa said the strengthening of the yen against the dollar
+since the Paris Agreement was within the range agreed in the
+Louvre discussions.
+    "I would say that what has happened (to the yen) in the past
+several weeks was not outside the range we agreed to in the
+discussions in Paris," Miyazawa told a press conference
+following the Group of Seven meeting here.
+    He said the current discussions were a "reaffirmation" of
+that agreement, saying the "solidarity" that occurred in Paris
+was still in place.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5382" NEWID="15484">
+<DATE> 9-APR-1987 09:00:40.27</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0734&#31;reute
+u f BC-TODD-SHIPYARDS-&lt;TOD>   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TODD SHIPYARDS &lt;TOD> STRUCK ON WEST COAST</TITLE>
+<DATELINE>    JERSEY CITY, N.J., April 9 - </DATELINE><BODY>Todd Shipyards Corp said
+production workers represented by the multi-union Pacific Coast
+Metal Trades District Council at its San Francisco division
+struck on April Six.
+    It said negotiations are expected to resume at the end of
+this month.
+    Todd also said the collective bargaining division in effect
+at its Galveston Division expires April 17, and negotiations
+with the Galveston Metal Trades Council are continuing.
+    The company said results of balloting on a new collective
+bargaining agreement proposal in its Seattle Division are
+expected to be tabulated at the close of business tomorrow.
+    The Pacific Coast Council has recommended acceptance of
+that proposal by membership, Todd said.
+                                       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4663" NEWID="15485">
+<DATE> 9-APR-1987 09:01:41.95</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0740&#31;reute
+b f BC-U.S.-FIRST-TIME-JOBLE   04-09 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FIRST TIME JOBLESS CLAIMS FELL IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>New applications for unemployment
+insurance benefits fell to a seasonally adjusted 338,000 in the
+week ended March 28 from 355,000 in the prior week, the Labor
+Department said.
+    The number of people actually receiving benefits under
+regular state programs totaled 2,436,000 in the week ended
+March 21, the latest period for which that figure was
+available.
+    That was down from 2,480,000 the previous week.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5384" NEWID="15486">
+<DATE> 9-APR-1987 09:04:13.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0749&#31;reute
+u f BC-G-7-WANTS-TO-SHOW-MAR   04-09 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 WANTS TO SHOW MARKETS ITS RESOLVE - MIYAZAWA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Japanese Finance Minister Kiichi
+Miyazawa said the Group of Seven (G-7) countries reaffirmed
+their Paris accord on stabilising currencies to convince the
+market of their resolve.
+    At a news conference after yesterday's G-7 meeting,
+Miyazawa said the ministers and central bank governors did not
+believe a totally new statement was needed. The speculative
+selling did not reflect economic fundamentals, and since the
+fundamentals had not changed only a reaffirmation of the goals
+of the Paris accord was needed, he said.
+    He said this test of the G-7 nations' resolve had
+concentrated on the yen, while other currencies, especially the
+mark, had remained stable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5385" NEWID="15487">
+<DATE> 9-APR-1987 09:04:41.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0752&#31;reute
+f f BC-******CLEVITE-INDUSTR   04-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CLEVITE INDUSTRIES SAYS J.P. INDUSTRIES OFFERED 13.50
+DLRS A SHARE TO BUY COMPANY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5386" NEWID="15488">
+<DATE> 9-APR-1987 09:07:36.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0761&#31;reute
+u f BC-INDIAN-STATE-COMPANY   04-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN STATE COMPANY BONDS PROVOKE COMPLAINTS</TITLE>
+<AUTHOR>    By Ajoy Sen, Reuters</AUTHOR>
+<DATELINE>    NEW DELHI, April 9 - </DATELINE><BODY>India's private businessmen say they
+have been placed on an unequal footing in raising money from
+the capital market because government companies are wooing
+investors by issuing more attractive tax-free bonds.
+    Stock brokers and bankers polled by Reuters said although
+equity shares or debenture issues floated by private firms
+provide a higher return and shorter maturity, they are fast
+losing their popular appeal as they are liable to both wealth
+and income taxes.
+    Brokers said many investors are transferring funds into
+government company bonds because of their tax-free status and
+easy transferability.
+    About 100 private companies have postponed plans to issue
+equity shares and debentures in the first quarter of fiscal
+1987/88 partly on account of fierce competition from public
+sector bonds, a merchant banker said.
+    They included equity shares and rights issue worth one
+billion rupees planned to be issued this month by Tata
+Fertilisers Ltd, he said, adding the issue has been postponed
+indefinitely.
+    "The government bonds are making serious inroads on the
+private sector companies' resources," said R. P. Goenka,
+president of the Federation of Indian Chambers of Commerce and
+Industry.
+    "The discriminatory tax treatment should be done away with
+and equal facilities be provided to the two sectors to mobilise
+resources from the market which is common to both," Goenka said.
+    A senior Finance Ministry official said government and
+private firms were free to compete to raise resources, adding
+it was not correct that public sector-issued bonds were
+preventing private firms from raising money on the stock
+market.
+    "Debentures and equity shares floated by private companies
+still account for at least 60 pct of total capital raised in
+stock exchanges," the ministry official said.
+    A spokesman at Bombay stock brokers Batliwala and Karani
+said government bonds were valued at about 20 billion rupees or
+about 40 pct of 50 billion rupees raised by both government and
+non-government firms in the domestic capital market in 1986/87.
+    The share was 35 to 40 pct of about 36.95 billion rupees
+mobilised in 1985/86, he said. "To save taxes, commercial banks,
+mainly foreign banks, and some private companies, are investing
+their surplus funds in the tax free bonds," he said.
+    "Individuals who are very well off are also investing in the
+bonds to gain tax benefits while only small investors are going
+for equities or debentures floated by private companies on a
+selective basis," the spokesman said.
+    The maturity period of government company bonds varies
+between seven and 10 years. No wealth or income taxes are
+payable on nine pct seven-year bonds but those carrying 13 pct
+interest on 10-year bonds are subjected to income tax if interest amount^M
+exceeds 7,000 rupees a year.
+    Equity shares, the 14 pct non-convertible debentures and
+12.5 to 14 pct convertible debentures issued by private
+companies are not exempted from either the wealth tax or from
+the tax on income earned from them.
+    The government bonds are listed as securities but traded on
+India's four major stock exchanges. They can be sold freely on
+the stock market by simple endorsement while debentures can
+only be sold to the company after one year, brokers said.
+    Government companies are trying to capitalise on a boom in
+the stock market since 1984/85 sparked by liberal tax
+concessions and reforms in exchange operations, brokers said.
+    The National Thermal Power Corp, NTPC, was the first
+government company to issue the bonds to raise one billion
+rupees in January last year, breaking the monopoly of private
+companies on the capital market. The seven-year NTPC bond was
+oversubscribed three times, brokers said.
+    Official figures show bonds floated by government companies
+have been heavily oversubscribed. More state companies have
+sought the Ministry's permission to issue them in coming
+months.
+    NTPC's second bond issue at the end of 1986 raised 4.51
+billion rupees against 1.2 billion originally permitted by the
+Finance Ministry.
+    The Mahanagar Telephone Nigam mobilised 3.83 billion rupees
+last year against authorised 1.5 billion and last month the
+Indian Railway Finance Corporation's record susbcription
+totalled 5.5 billion rupees against authorised 2.5 billion.
+    In most cases, the government has allowed the companies to
+maintain the oversubscribed amount, brokers said.
+    Goenka said that government bonds are making it
+increasingly difficult for private companies to launch new
+equity or debenture issues. He said the government could at
+least "fix a suitable limit on the funds to be raised through
+such bonds by the public sector."
+    Merchant bankers said the government is pressing state
+companies to borrow from the public by reducing financial
+support to them.
+    To ease its internal debt burden, the government has
+reduced the budgetary support to development investment in
+about 120 public sector companies to 69.92 billion rupees in
+1987/88 from 77.92 billion a year earlier, official figures
+show.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5387" NEWID="15489">
+<DATE> 9-APR-1987 09:10:51.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0766&#31;reute
+u f BC-SUNTRUST-BANKS-INC-&lt;S   04-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNTRUST BANKS INC &lt;STI> 1ST QTR NET</TITLE>
+<DATELINE>    ATLANTA, April 9 -
+    </DATELINE><BODY>Shr 54 cts vs 49 cts
+    Net 70.2 mln vs 64.0 mln
+    NOTE: Share adjusted for two-for-one split in July 1986.
+    Results restated for pooled acquisition of Third NAtional
+Corp in December 1986.
+    Net chargeoffs 15.0 mln dlrs vs 14.2 mln dlrs.
+    Assets 25.8 billion dlrs, up 7.2 pct from a year earlier,
+deposits 21.1 billion, up 9.4 pct, and loans 17.1 billion dlrs,
+up 17.2 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4668" NEWID="15490">
+<DATE> 9-APR-1987 09:10:56.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0767&#31;reute
+r f BC-SUNTRUST-&lt;STI>-PUTS-L   04-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNTRUST &lt;STI> PUTS LOANS ON NONACCRUAL</TITLE>
+<DATELINE>    ATLANTA, April 9 - </DATELINE><BODY>SunTrust Banks Inc said in the first
+quarter it placed about 20.2 mln dlrs of loans to Brazil and
+21.6 mln dlrs of loans to Ecuador on nonaccrual status.
+    The company made the disclosure in reporting that first
+quarter earnings rose to 70.2 mln dlrs from 64.0 mln dlrs a
+year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5389" NEWID="15491">
+<DATE> 9-APR-1987 09:11:03.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0768&#31;reute
+d f BC-ROPAK-&lt;ROPK>-FORMS-JA   04-09 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROPAK &lt;ROPK> FORMS JAPANESE UNIT</TITLE>
+<DATELINE>    FULLERTON, Calif., April 9 - </DATELINE><BODY>Ropak corp said it has formed
+a new Tokyo-based subsidiary called Ropak Nippon Ltd to market
+its North American products in Japan.
+    It said the new unit has started importing plastic pans and
+other products for the packaging of seafood and will also
+market rigid-plastic shipping pails for a variety of packaging
+uses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5390" NEWID="15492">
+<DATE> 9-APR-1987 09:11:13.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0769&#31;reute
+r f BC-BURLINGTON-INDUSTRIES   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURLINGTON INDUSTRIES &lt;BUR> SELLS CONVERTIBLES</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Burlington Industries Inc is raising 75
+mln dlrs through an offering of convertible subordinated
+debentures due 2012 with a 6-1/4 pct coupon and par pricing,
+said lead manager Kidder, Peabody and Co Inc.
+    The debentures are convertible into the company's common
+stock at 63.50 dlrs per share, representing a premium of 18.1
+pct over the stock price when terms on the debt were set.
+    Non-callable for three years, the issue is rated Ba-2 by
+Moody's Investors Service Inc and BBB by Standard and Poor's
+Corp. Merrill Lynch Capital Markets and Salomon Brothers Inc
+co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5391" NEWID="15493">
+<DATE> 9-APR-1987 09:11:22.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0770&#31;reute
+r f BC-PSE-TO-START-OPTION-T   04-09 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PSE TO START OPTION TRADE ON BAKER HUGHES &lt;BHI></TITLE>
+<DATELINE>    SAN FRANCISCO, April 9 - </DATELINE><BODY>The Pacific Stock Exchange said it
+will start options trading on Baker Hughes Inc today.
+    Expirations will be January, May, July and October.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5392" NEWID="15494">
+<DATE> 9-APR-1987 09:11:38.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0771&#31;reute
+r f BC-thomson   04-09 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL THOMSON TO REPORT IN U.S. FUNDS</TITLE>
+<DATELINE>    TORONTO, April 9 - </DATELINE><BODY>&lt;International Thomson Organisation Ltd>
+said it will report financial results in U.S. funds rather than
+sterling, beginning from Jan 1, 1987.
+    It said the change will not be applied retroactively to
+prior financial periods.
+    The company said as a result of recent investments, most of
+its assets now are located in the United States.
+            
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5393" NEWID="15495">
+<DATE> 9-APR-1987 09:11:45.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0772&#31;reute
+r f BC-PHILIP-CROSBY-ASSOCIA   04-09 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIP CROSBY ASSOCIATES INC &lt;PCRO> 4TH QTR NET</TITLE>
+<DATELINE>    WINTER PARK, Fal., April 9 -
+    </DATELINE><BODY>Shr three cts vs 18 cts
+    Net 220,000 vs 1,250,000
+    Revs 11.8 mln vs 9,430,000
+    Year
+    Shr 45 cts vs 69 cts
+    Net 3,400,000 vs 4,037,274
+    Revs 45.1 mln vs 34.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5394" NEWID="15496">
+<DATE> 9-APR-1987 09:11:52.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0773&#31;reute
+r f BC-COLONIAL-AMERICAN-BAN   04-09 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLONIAL AMERICAN BANKSHARES CORP &lt;CABK> 1ST QTR</TITLE>
+<DATELINE>    ROANOKE, Va., April 9 -
+    </DATELINE><BODY>Shr 52 cts vs 40 cts
+    Qtly div 18 cts vs 15 cts prior
+    Net 793,740 vs 603,661
+    NOTE: Share adjusted for 10 pct stock dividend in November
+1986.
+    Dividend pay May One, record April 25.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4675" NEWID="15497">
+<DATE> 9-APR-1987 09:13:08.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0778&#31;reute
+r f BC-BIOSYSTEMS-RESEARCH-T   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOSYSTEMS RESEARCH TESTS TECHNOLOGY FOR AIDS</TITLE>
+<DATELINE>    CUPERTINO, Calif., April 9 - </DATELINE><BODY>&lt;Biosystems Research Inc> said
+its new technique for a treatment for Acquired Immune
+Deficiency Syndrome showed good results on subjects who were
+treated.
+    Called biostimulation, the non-drug approach to the
+treatment of those with AIDS and AIDS related complex involves
+exposure to low-level magnetic and electrical stimulation in
+combination with phototherapy from the visible light spectrum,
+the company said.
+   
+    Biosystems said it tested its technique in two studies with
+eight subjects since January 1986, for periods of five to 60
+weeks. It said the treatments have not produced any adverse
+effects in the subjects.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5396" NEWID="15498">
+<DATE> 9-APR-1987 09:13:39.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0780&#31;reute
+r f BC-CHICAGO-PACIFIC-&lt;CPAC   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO PACIFIC &lt;CPAC> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Chicago Pacific Corp is raising 150 mln
+dlrs through an offering of convertible subordinated debentures
+due 2012 with a 6-1/2 pct coupon and par pricing, said lead
+manager Goldman, Sachs and Co.
+    The debentures are convertible into the company's common
+stock at 62.50 dlrs per share, representing a premium of 25.63
+pct over the stock price when terms on the debt were set.
+    Non-callable for two years, the issue is rated B-1 by
+Moody's Investors Service Inc and B by Standard and Poor's
+Corp. First Boston Corp and Lazard Freres and Co co-managed the
+deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4677" NEWID="15499">
+<DATE> 9-APR-1987 09:14:25.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0783&#31;reute
+d f BC-DURAKON-&lt;DRKN>-PRODUC   04-09 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DURAKON &lt;DRKN> PRODUCT SOLD BY CANADIAN TIRE</TITLE>
+<DATELINE>    LAPEER, Mich., April 9 - </DATELINE><BODY>Durakon Industries Inc said
+Canadian Tire Corp, the large Canadian auto retailer, has
+selected Durakon's All Star Liner as its exclusive pickup truck
+bed liner, to be sold in the 400 Associate Stores across Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4678" NEWID="15500">
+<DATE> 9-APR-1987 09:15:27.47</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>veg-oil</D><D>sorghum</D><D>sun-meal</D><D>lin-oil</D><D>groundnut-oil</D><D>soy-oil</D><D>rape-oil</D><D>sun-oil</D><D>wheat</D><D>meal-feed</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0784&#31;reute
+r f BC-RPT---ARGENTINE-GRAIN   04-09 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RPT - ARGENTINE GRAIN/OILSEED EXPORT PRICES ADJUSTED</TITLE>
+<DATELINE>    BUENOS AIRES, April 8 - </DATELINE><BODY>The Argentine Grain Board adjusted
+minimum export prices of grain and oilseed products in dlrs per
+tonne FOB, previous in brackets, as follows:
+    Sorghum 64 (63), sunflowerseed cake and expellers 103 (102)
+, pellets 101 (100), meal 99 (98), linseed oil 274 (264),
+groundnutseed oil 450 (445), soybean oil 300 (290), rapeseed
+oil 290 (280).
+    Sunflowerseed oil for shipment through May 323 (313) and
+june onwards 330 (320).
+    The board also adjusted export prices at which export taxes
+are levied in dlrs per tonne FOB, previous in brackets, as
+follows:
+    Bran pollard wheat 40 (42), pellets 42 (44).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5399" NEWID="15501">
+<DATE> 9-APR-1987 09:16:13.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0790&#31;reute
+b f BC-CLEVITE-&lt;CLEV>-GETS-1   04-09 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLEVITE &lt;CLEV> GETS 13.50 DLR/SHR OFFER</TITLE>
+<DATELINE>    GLENVIEW, ILL., April 9 - </DATELINE><BODY>Clevite Industries Inc said it
+received a written proposal from J.P. Industries Inc &lt;JPI>
+seeking to buy all of its outstanding shares for 13.50 dlrs a
+share.
+    Clevite's stock was trading on NASDAQ at 13-1/4.
+    J.P. Industries recently completed the acquisition of
+Clevite's Engine Parts Division.
+    J.P. Industries said its proposed transaction would be
+financed through borrowings under its available bank lines and
+a bridge financing facility which Donaldson Lufkin and Jenrette
+Securities Corp agreed to arrange.
+    To expedite the transaction, J.P. Industries said it would
+be willing to start a cash tender for Clevite's shares within
+five days after agreeing upon a definitive merger and
+confirmation of Clevite's financial results and condition.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4680" NEWID="15502">
+<DATE> 9-APR-1987 09:16:47.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0793&#31;reute
+f f BC-******MERCANTILE-STOR   04-09 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MERCANTILE STORES MARCH SALES UP 0.5 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5401" NEWID="15503">
+<DATE> 9-APR-1987 09:18:22.11</DATE>
+<TOPICS><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0796&#31;reute
+u f BC-JAPAN-BUSINESS-LEADER   04-09 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUSINESS LEADERS SAY G-7 ACCORD WORRYING</TITLE>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>The leaders of two of Japan's top business
+groups said in separate statements the Group of Seven (G-7)
+accord reached in Washington yesterday is of deep concern to
+Japan because it shows the major industrial nations regard the
+yen's current level as appropriate.
+    Eishiro Saito, chairman of the Federation of Economic
+Organizations (Keidanren), said the yen's present rate is well
+above adequate levels. He did not elaborate.
+    Takashi Ishihara, chairman of the Japan Committee for
+Economic Development, said the accord will not prevent the yen
+from rising further.
+    "We do not understand why the G-7 approved present rates as
+the yen has risen excessively since the Paris accord," Ishihara
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5402" NEWID="15504">
+<DATE> 9-APR-1987 09:18:53.44</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f0799&#31;reute
+r f BC-ARGENTINE-CATTLE-MARK   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE CATTLE MARKET REPORT</TITLE>
+<DATELINE>    BUENOS AIRES, APR 9 - </DATELINE><BODY>ABOUT 3,314 HEAD OF CATTLE WERE
+AUCTIONED IN LINIERS CATTLE MARKET, AGAINST 13,952 ON WEDNESDAY
+AND 9,217 LAST THURSDAY, TRADE SOURCES SAID.
+    MAXIMUN PRICES, IN AUSTRALES PER KILO, WITH DOLLAR
+EQUIVALENT IN BRACKETS, INCLUDED:
+                               TODAY     WEDNESDAY
+    STEERS OVER 480 KILOS   1.02(0.658) 1.015(0.654)
+    STEERS 460 TO 480 KILOS 1.05(0.677) 1.032(0.665)
+    COWS FOR CANNING        0.56(0.361) 0.56 (0.361) REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4683" NEWID="15505">
+<DATE> 9-APR-1987 09:24:50.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0807&#31;reute
+u f BC-WEST-GERMANY'S-THESIN   04-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMANY'S THESING ISSUES 10 MLN SFR BOND</TITLE>
+<DATELINE>    ZURICH, April 9 - </DATELINE><BODY>&lt;Thesing-Verwaltungsgesellschaft GmbH> of
+Coesfeld, West Germany, is issuing a 10 mln Swiss franc eight
+year bond with an indicated 6-3/8 pct coupon and par issue
+price, joint lead managers Fintrelex SA and E.Gutzwiller und
+Cie, Banquiers said.
+    Subscription is from May 7 until May 13.
+    The issue is guaranteed by Schallplattentruhe A. Thesing
+GmbH und Co Kommanditgesellschaft, Martin Thesing
+Handelsgesellschaft.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5404" NEWID="15506">
+<DATE> 9-APR-1987 09:25:33.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0808&#31;reute
+u f BC-MERCANTILE-STORES-&lt;MS   04-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCANTILE STORES &lt;MST> MARCH SALES UP 0.5 PCT</TITLE>
+<DATELINE>    WILMINGTON, Del., April 9 - </DATELINE><BODY>Mercantile Stores Co Inc said
+sales for the five weeks ended April four were up 0.5 pct to
+184.7 mln dlrs from 183.7 mln dlrs a year earlier, with
+same-store sales off 1.7 pct.
+    Mercantile said sales for the first nine weeks of its
+fiscal year were up 2.9 pct to 297.9 mln dlrs from 289.6 mln
+dlrs a year before, with same-store sales up 0.5 pct to 288.6
+mln dlrs from 287.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4685" NEWID="15507">
+<DATE> 9-APR-1987 09:25:38.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0809&#31;reute
+u f BC-BEST-PRODUCTS-&lt;BES>-M   04-09 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEST PRODUCTS &lt;BES> MARCH SALES OFF 0.5 PCT</TITLE>
+<DATELINE>    RICHMOND, Va., April 9 - </DATELINE><BODY>Best Products Co Inc said sales
+for the five weeks ended April four were off 0.5 pct to 151.2
+mln dlrs from 152.0 mln dlrs a year earlier.
+    It said year-to-date sales were off 5.9 pct to 263.2 mln
+dlrs from 279.6 mln dlrs a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5406" NEWID="15508">
+<DATE> 9-APR-1987 09:25:59.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0810&#31;reute
+d f BC-AMERICAN-WOODMARK-&lt;AM   04-09 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN WOODMARK &lt;AMWD> TO BUILD PLANT</TITLE>
+<DATELINE>    WINCHESTER, Va., April 9 - </DATELINE><BODY>American Woodmark Corp said it
+plans to build a 100,000 square foot kitchen cabinet component
+plant in Toccoa, Ga., with completion expected in the spring of
+1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5407" NEWID="15509">
+<DATE> 9-APR-1987 09:26:35.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0813&#31;reute
+b f BC-/K-MART-&lt;KM>-MARCH-SA   04-09 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART &lt;KM> MARCH SALES SHOW INCREASE</TITLE>
+<DATELINE>    TROY, MICH., April 9 - </DATELINE><BODY>K mart Corp said its sales for the
+five weeks ended April One rose 4.6 pct to 2.18 billion dlrs
+from 2.08 billion dlrs a year earlier. On a comparable store
+basis, sales rose one-tenth of one pct.
+    It said year-to-date sales increased 7.9 pct to 3.64
+billion dlrs from 3.37 billion dlrs in the same 1986 period. On
+a comparable store basis, the increase was 3.2 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5408" NEWID="15510">
+<DATE> 9-APR-1987 09:27:09.44</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0814&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   04-09 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT REVISED DOWNWARD</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The Bank of England said it has revised
+its estimate of today's shortfall to 350 mln stg from 400 mln,
+before taking account of 103 mln stg morning assistance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4689" NEWID="15511">
+<DATE> 9-APR-1987 09:27:51.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0815&#31;reute
+u f BC-PHYSIO-TECHNOLOGY-&lt;PH   04-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHYSIO TECHNOLOGY &lt;PHYT> SEES LOSS, IN DEFAULT</TITLE>
+<DATELINE>    TOPEKA, Kan., April 9 - </DATELINE><BODY>Physio Technology Inc said it
+expects to have a third quarter, ended March 31, loss of about
+200,000 dlrs and is in default on its bank loan because of the
+resignation of chairman and chief executive officer.
+    The company said the loss followed four quarters of modest
+profits. In the year ago quarter it earned 11,000 dlrs, or one
+cent a share. For the first half of fiscal 1987, it reported a
+profit of 42,000 dlrs, or two cts a share, compared to a year
+earlier loss of 294,000 dlrs, or 17 cts a share.
+    It said President Michael R. Hall will assume the duties of
+chief executive officer.
+    Physio Technology said the resignation of Chairman James C.
+Lane can constitute non-compliance with its Series A
+convertible subordinated debentures due 1996 and a default
+under its agreement with the Merchants Bank of Kansas City.
+    It explained a declaration of non-compliance under the
+debentures would create a a default under the loan agreements
+requiring immediate payment of 1.8 mln dlrs of debentures and
+about 450,000 dlrs outstanding under the bank credit line.
+    The company said the debenture holders intend to waive the
+non-compliance, but reserve the right to withdraw the waiver at
+the end of any 30 day period.
+    Physio Technology said it is changing its field sales force
+to independent representatives and dealers from employees to
+"significantly reduce its fixed overhead."
+    Its statement did not indicate how many employees would be
+affected by the move.
+    The company said Lane will become an independent dealter
+for the company in certain midwestern states. He will continue
+to serve as a director, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5410" NEWID="15512">
+<DATE> 9-APR-1987 09:28:31.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0817&#31;reute
+d f BC-TEXAS-INTERNATIONAL-&lt;   04-09 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INTERNATIONAL &lt;TEI> RETIRES SOME NOTES</TITLE>
+<DATELINE>    OKLAHOMA CITY, April 9 - </DATELINE><BODY>Texas International Co said it has
+retired 2,700,000 dlrs of its 10 pct third delayed convertible
+snior subordinated notes of 1993 Series A and B.
+    As a result, it said it has eliminated the scheduled May
+1987 conversions of 1,300,000 dlrs of Series A notes and
+1,400,000 dlrs of Series B notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4691" NEWID="15513">
+<DATE> 9-APR-1987 09:28:52.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0818&#31;reute
+r f BC-derlan-industries-pla   04-09 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DERLAN INDUSTRIES PLANS PRIVATE PLACEMENT</TITLE>
+<DATELINE>    Toronto, April 9 - </DATELINE><BODY>&lt;Derlan Industries Ltd> said it plans to
+issue 2.1 mln common shares in a private placement at a price
+of 14 dlrs per share for gross proceeds of 29.4 mln dlrs.
+    The issue will be placed by McLeod Young Weir Ltd and
+Loewen, Ondaatje, McCutcheon and Co Ltd.
+    Proceeds will be used by the company to continue its
+acquisition program and for internal expansion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4692" NEWID="15514">
+<DATE> 9-APR-1987 09:29:09.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0820&#31;reute
+r f BC-COMPAQ-&lt;CPQ>-AWARDED   04-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPAQ &lt;CPQ> AWARDED 1988 GSA CONTRACT</TITLE>
+<DATELINE>    HOUSTON, April 9 - </DATELINE><BODY>Compaq Computer Corp said the General
+Service Administration has awarded it a contract allowing
+federal agencies to purchase COMPAQ personal computers until
+March 31, 1988. The previous Compaq GSA contract expired March
+31.
+    Under the new agreement, federal agencies can order the
+COMPAQ presonal computers through any one of 1,400 authorized
+COMPAQ computer government dealers without going through
+time-consuming competitive bids.
+    Puchases of over 300,000 dlrs, however, must still be bid
+competitively, Compaq said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4693" NEWID="15515">
+<DATE> 9-APR-1987 09:29:14.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0821&#31;reute
+r f BC-WASHINGTON-FEDERAL-SA   04-09 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON FEDERAL SAVINGS &lt;WFSL> 2ND QTR NET</TITLE>
+<DATELINE>    SEATTLE, April 9 -</DATELINE><BODY>Qtr ends March 31
+    Shr one dlr vs 76 cts
+    Net 11.9 mln vs 8,929,000
+    Six mths
+    Shr 1.92 dlrs vs 1.43 dlrs
+    Net 22.8 mln vs 16.8 mln
+    NOTE: full name of bank is washington federal savings and
+loan association.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5414" NEWID="15516">
+<DATE> 9-APR-1987 09:29:32.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0823&#31;reute
+r f BC-cominco   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO &lt;CLT> TO FORM EXPLORATION UNIT</TITLE>
+<DATELINE>    VANCOUVER, April 9 - </DATELINE><BODY>Cominco Ltd said it is forming a new
+publicly held company, Cominco Resources International Ltd, to
+continue exploration and development of its mineral holdings
+outside Canada, Alaska and Australia.
+    Cominco will maintain a majority position in the company,
+but the remaining interest will be sold in offerings led by
+Wood Gundy Inc and First Marathon Securities Ltd in Canada, and
+S.G. Warburg Securities and Wood Gundy Inc internationally.
+    Cominco said it is filing a preliminary prospectus with
+securities regulators in all Canadian provinces.
+                          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4695" NEWID="15517">
+<DATE> 9-APR-1987 09:29:46.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0824&#31;reute
+r f BC-CALFED-&lt;CAL>-FORMS-IN   04-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALFED &lt;CAL> FORMS INSURANCE UNIT</TITLE>
+<DATELINE>    LOS ANGELES, April 9 - </DATELINE><BODY>CalFed Inc said it has entered the
+property-casualty insurance business through the formation of
+Anglo-American Insurance Co Ltd, a London-based subsidiary
+initially capitalized at 80 mln dlrs.
+    The company said &lt;London United Investment PLC> will share
+equally in all risks, premiums and reinsurance with
+Anglo-American and perform all underwriting activities for
+Anglo-American.
+    It said more than half of the venture's business is
+expected to be in the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5416" NEWID="15518">
+<DATE> 9-APR-1987 09:30:50.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0830&#31;reute
+b f BC-SEKISUI-CHEMICAL-ISSU   04-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEKISUI CHEMICAL ISSUES EQUITY WARRANT EUROBOND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Sekisui Chemical Co Ltd is issuing a 200
+mln dlr equity warrant bond due May 7, 1992 paying an indicated
+coupon of two pct and priced at par, lead manager Yamaichi
+International (Europe) Ltd said.
+    The issue is guaranteed by Sanwa Bank Ltd and is available
+in denominations of 5,000 dlrs. The selling concession is 1-1/2
+pct while management and underwriting combined pays 3/4 pct.
+The payment date is May 7 while listing will be in Luxembourg.
+    Final terms will be fixed on April 15. The warrants are
+exercisable from May 20, 1987 until April 20, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4697" NEWID="15519">
+<DATE> 9-APR-1987 09:31:03.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0831&#31;reute
+u f BC-PAYLESS-CASHWAYS-&lt;PCI   04-09 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAYLESS CASHWAYS &lt;PCI> MARCH SALES UP</TITLE>
+<DATELINE>    KANSAS CITY, MO., April 9 - </DATELINE><BODY>Payless Cashways Inc said its
+sales for the five weeks ended April Four rose to 167.4 mln
+dlrs from 147.5 mln dlrs a year ago, or one pct on a comparable
+store basis.
+    Year to date, it said sales gained to 499.6 mln dlrs from
+422.0 mln dlrs, or four pct on a comparable store basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5418" NEWID="15520">
+<DATE> 9-APR-1987 09:32:17.28</DATE>
+<TOPICS><D>crude</D><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0840&#31;reute
+u f BC-u.s.-energy-futures   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY FUTURES CALLED UNCHANGED TO LOWER</TITLE>
+<DATELINE>    NEW YORK, APRIL 9 - </DATELINE><BODY>Traders expect U.S. energy futures will
+open unchanged to slightly lower this morning with support near
+yesterday's lows.
+    Crude futures are called unchanged to five cts weaker
+tracking unchanged domestic crudes and North Sea Brent crude,
+which traded at 18.01 dlrs a barrel today, about ten cts below
+yesterday's New York close.
+    Traders said the supply squeeze in 15-day forward April
+Brent appears to have ended.
+    Product futures, which fell sharply yesterday, are due to
+open unchanged to 0.25 cent lower, traders said.
+    Traders expect some followthrough selling in products but
+said gasoil futures in London will probably lend some support
+since they are trading as expected. May gasoil futures were off
+1.50 dlrs a tonne this morning while June was down 1.25 dlrs in
+thin conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5419" NEWID="15521">
+<DATE> 9-APR-1987 09:33:49.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0853&#31;reute
+r f BC-PONCE-FEDERAL-BANK-F.   04-09 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PONCE FEDERAL BANK F.S.B. &lt;PFBS> 1ST QTR NET</TITLE>
+<DATELINE>    PONCE, Puerto rico, April 9 -
+    </DATELINE><BODY>Shr 63 cts vs 89 cts
+    Net 3,425,216 vs 3,370,682
+    Avg shrs 5,421,330 vs 3,803,425
+    NOTE: net for both qtrs reflects gains on sales of
+securities of 1,755,137, or 51 pct of net, in 1987; and
+3,001,222, or 89 pct of net in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5420" NEWID="15522">
+<DATE> 9-APR-1987 09:33:58.88</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0854&#31;reute
+f f BC-******-BUNDESBANK-SEE   04-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> BUNDESBANK SEES NO REASON TO CHANGE MONETARY COURSE -
+VICE-PRESIDENT SCHLESINGER
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4701" NEWID="15523">
+<DATE> 9-APR-1987 09:35:20.08</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0859&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   04-09 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT REMOVED</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The Bank of England said it has satisfied
+its revised estimate of today's shortfall in the money market,
+providing 261 mln stg assistance in afternoon operations.
+    The Bank bought in band one, 60 mln stg bank bills at 9-7/8
+pct and in band two 200 mln stg bank bills and one mln stg
+treasury bills at 9-13/16 pct. This brings the total help so
+far today to 364 mln stg, compared with its deficit estimate of
+350 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5422" NEWID="15524">
+<DATE> 9-APR-1987 09:35:36.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0861&#31;reute
+u f BC-STOP-AND-SHOP'S-&lt;SHP>   04-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOP AND SHOP'S &lt;SHP> BRADLEES MARCH SALES RISE</TITLE>
+<DATELINE>    BOSTON, April 9 - </DATELINE><BODY>Stop and Shop Cos Inc said its Bradlees
+Discount Department Stores Division's sales for the five weeks
+ended April four were up six pct to 156 mln dlrs from 147 mln
+dlrs a year before, with same-store sales up one pct.
+    The company said sales for the first nine weeks of the year
+were up six pct to 259 mln dlrs from 245 mln dlrs a year
+before, with same-store sales up two pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5423" NEWID="15525">
+<DATE> 9-APR-1987 09:36:38.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G T M C
+&#22;&#22;&#1;f0868&#31;reute
+r f BC-CHINA-LIKELY-TO-JOIN   04-09 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA LIKELY TO JOIN GATT, DIPLOMATS SAY</TITLE>
+<DATELINE>    PEKING, April 9 - </DATELINE><BODY>China is likely to succeed in joining
+GATT despite policies that contradict free trade, because
+western countries support its entry, western diplomats said.
+    China applied to join the General Agreement on Tariffs and
+Trade (GATT) in July 1986. The organisation, formed in 1948 to
+integrate the world's free market economies, now regulates 80
+pct of world trade.
+    The GATT secretariat is expected to submit a list of
+detailed questions to China next month at the start of long and
+complex entry negotiations, the diplomats said.
+    One diplomat said China's prospects are good, with its
+application supported by the United States, Japan and the
+European Community for political and economic reasons.
+    "The fear is that if China was refused entry, it would draw
+back the bamboo curtain and go back to the way it was," he said.
+    Another said the Soviet Union was waiting in the wings.
+    "If GATT accepted China, it would be hard not to accept the
+Soviet Union," he said. "China's agreement will be seen as a
+model for the Soviet Union. GATT is not a political body."
+    But serious problems have to be tackled during the talks,
+including China's pricing system and trade subsidies.
+    GATT is based on free trade and aims to lower tariffs and
+promote trade, with prices alone dictating who buys what.
+    One diplomat said it was very hard in China to establish
+the real cost of goods because many prices are set by the state
+and often contain subsidies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5424" NEWID="15526">
+<DATE> 9-APR-1987 09:37:15.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0872&#31;reute
+r f BC-WANG-&lt;WAN>-SIGNS-MARK   04-09 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WANG &lt;WAN> SIGNS MARKETING AGREEMENT</TITLE>
+<DATELINE>    LOWELL, Mass., April 9 - </DATELINE><BODY>Wang Laboratories said it signed
+an agreement with &lt;Desk Top Financial Solutions Inc> giving
+Wang the right to market the Desk Top Financial Planning System
+for Wang's Office Information Systems (OIS) product line.
+    Wang said the Desk Top Financial Planning System for its
+OIS comes in two basic packages -- the Advanced Planning
+System, priced at 2,995 dlrs, and the Budget Reporting System,
+priced at 1,995 dlrs.
+    Both are avialable on eight inch and 5-1/4 inch diskettes,
+Wang said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4705" NEWID="15527">
+<DATE> 9-APR-1987 09:37:38.62</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0874&#31;reute
+r f BC-LEBANESE-POUND-FALLS   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEBANESE POUND FALLS SHARPLY AGAINST DOLLAR</TITLE>
+<DATELINE>    BEIRUT, April 9 - </DATELINE><BODY>The Lebanese Pound fell sharply against
+the U.S. Dollar again today with dealers attributing the
+decline to continued political uncertainty.
+    The pound closed at 118.25/118.75 against the dollar
+compared to yesterday's close of 115.60/115.80.
+    "Political deadlock is reflected in the pound's position.
+There was more demand and less on offer in the market," one
+dealer told Reuters.
+    The pound, which was at 18 to the dollar in January, 1986,
+has lost more than 30 pct of its international value over the
+past three months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5426" NEWID="15528">
+<DATE> 9-APR-1987 09:37:52.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0876&#31;reute
+d f BC-BROWN-BOVERI-UND-CIE   04-09 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN BOVERI UND CIE AG LIFTS 1986 DIVIDEND</TITLE>
+<DATELINE>    MANNHEIM, West Germany, April 9 -
+    </DATELINE><BODY>Dividend on 1986 business 12 marks per share vs seven
+marks.
+    (Company is a subsidiary of Switzerland's BBC AG Brown
+Boveri und Cie &lt;BBCZ.Z>).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4707" NEWID="15529">
+<DATE> 9-APR-1987 09:38:01.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0877&#31;reute
+d f BC-RIO-TINTO-CUTS-DEBT-E   04-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIO TINTO CUTS DEBT-EQUITY RATIO</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Rio Tinto-Zinc Corp Plc &lt;RTZL.L> cut its
+balance sheet gearing, measured as net debt as a proportion of
+equity, to 35 pct at the end of 1986 from 61 pct a year
+earlier, finance director Andrew Buxton told reporters.
+    He said currency movements last year did not greatly affect
+the earnings outcome, though had a greater impact on the
+balance sheet.
+    At year-end, 40 pct of its assets were industrial, 35 pct
+in metal mining and processing and 25 pct in energy.
+    Earlier, RTZ reported 1986 net attributable profit of 245
+mln stg against 257 mln the previous year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4708" NEWID="15530">
+<DATE> 9-APR-1987 09:38:13.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0878&#31;reute
+b f BC-TALKING-POINT/SEMICON   04-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/SEMICONDUCTOR BOOK TO BILL RATIO</TITLE>
+<AUTHOR>    by Janie Gabbett</AUTHOR>
+<DATELINE>    LOS ANGELES, April 9 - </DATELINE><BODY>The Semiconductor Industry
+Association is expected to report the sixth straight increase
+in its three-month average book-to-bill ratio, reflecting a
+continued modest recovery in the computer chip industry,
+semiconductor analysts said.
+    Semiconductor analysts contacted by Reuters put the March
+book-to-bill -- which is the ratio of new orders to actual
+sales -- at around 1.15, up from a preliminary 1.13 in the
+three months ended in February. The association is expected to
+release its estimates later today or on friday.
+    The analysts said they expect strong March performance both
+in new orders and actual sales.
+    Michael Gumport, analyst with Drexel Burnham Lambert Inc,
+projected the three-month average of new computer chip orders
+at about 835 mln dlrs, up from 788 mln dlrs in February.
+    He put three-month average sales at about 720 mln dlrs,
+also an increase from the 700 mln dlrs reported last month.
+    Gumport said average new orders over 850 mln dlrs would be
+a plus for semiconductor industry stocks, while orders under
+800 would be interpreted negatively on Wall Street.
+    Gumport said cut backs in Japanese computer chip production
+are aiding U.S. chip maker orders and sales.
+    Edward White, analyst with E.F. Hutton Group Inc, said
+while Japanese cut backs may be a small factor, their effect
+should be more readily apparant in April and May.
+    White, who put the March book-to-bill ratio at 1.15-1.16,
+said the ratio might hit 1.20 later this spring, before showing
+a normal seasonal decline during the summer.
+    He forecast three-month average orders at 825 mln dlrs for
+March, with three-month average billings at about 711 mln dlrs.
+    "This says the industry is still in a phase of moderate
+recovery...it is not dramatic yet," said White.
+    He said the industry still has not seen a pick-up in high
+technology capital spending needed to create a strong recovery.
+    He said a boost in spending on such big-ticket items as
+mainframe computers would enhance the recovery, which is now
+focused on personal and small business computers.
+    Kidder Peabody and Co analyst Michael Kubiak agreed the
+industry is showing a recovery trend, that while encouraging,
+is not dramatic.
+    Kubiak projected the March book-to-bill ratio at 1.14. He
+said the three-month average for orders will be up about 4.5
+pct from last month, while shipments rise about one pct.
+    He noted, however, orders during the month of March alone,
+a statistic the Semiconductor Industry Association does not
+publish, should show a 15-20 pct rise from February orders.
+    Kubiak said a book to bill ratio of 1.14 would have little
+or no effect on semincondutor industry stocks, while a ratio of
+1.13 would be negative for the market and a ratio of 1.16 would
+likely cause the stocks to rise.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5429" NEWID="15531">
+<DATE> 9-APR-1987 09:40:15.27</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0885&#31;reute
+u f BC-LONDON-FREIGHT-MARKET   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON FREIGHT MARKET FEATURES GRAIN OUT OF U.S.</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Moderately active grain fixing was
+reported out of the U.S. But none of the business involved the
+significant voyages to the Continent or Japan, ship brokers
+said.
+    A steady 13.50 dlrs was paid from the U.S. Gulf to Morocco
+and 23.25 dlrs was paid for 27,000 long tons from the Gulf to
+Taiwan. A vessel carrying 13,500 long tons of bagged wheat
+flour from the Gulf to Aqaba received a lump sum of 472,500
+dlrs.
+    Grain from the Great Lakes to Algeria made 28 dlrs against
+27.75 paid for similar fixing towards the end of March.
+    Market talk suggested a Federal Commerce vessel had been
+booked to move grain from the Great Lakes to Morocco on Comanav
+account at about 22 dlrs and 15.50 had been paid for a cargo of
+oilseeds from British Columbia to Japan, but no confirmation
+was obtainable.
+    On the Continent, shippers agreed 19 dlrs for wheat from La
+Pallice to Buenaventura and 10.75 dlrs for grain from Ghent to
+Naples/Venice range. Elsewhere, maize from East London to Japan
+paid 22 dlrs.
+    Soviet charterers reappeared in the timecharter sector and
+secured a 30,000 tonner from Savona for a trans-Atlantic round
+trip at 4,450 dlrs daily and a 31,000 tonner from
+Antwerp-Hamburg for a similar voyage at 4,250 dlrs daily.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4710" NEWID="15532">
+<DATE> 9-APR-1987 09:40:43.83</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0888&#31;reute
+u f BC-slaughter-guesstimate   04-09 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 287,000 to 295,000 head versus
+292,000 week ago and 322,000 a year ago.
+    Cattle slaughter is guesstimated at about 124,000 to
+128,000 head versus 129,000 week ago and 134,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4711" NEWID="15533">
+<DATE> 9-APR-1987 09:41:33.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0895&#31;reute
+r f BC-SENETEK-&lt;SNTKY>-UNIT   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENETEK &lt;SNTKY> UNIT TO MARKET AIDS TEST</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., April 9 - </DATELINE><BODY>Senetek PLC said its
+Senetek A/S Danish subsidiary has signed a letter of intent to
+market &lt;Diagnostic Biotechnology Co Pt Ltd> of Singapore's AIDS
+antibody tests to the health care industries in Britain and the
+Scandinavian countries.
+    The company said its 49 pct owned Tessek Ltd joint venture
+affiliate in Prague has also signed a letter of intent to
+market Diagnostics AIDS tests in Czechoslovakia and other
+Comecon countries.   It said Tessek has agreed to exchange
+research information with Diagnostic in the development of a
+new AIDS diagnostic kit using Tessek technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5432" NEWID="15534">
+<DATE> 9-APR-1987 09:45:03.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0902&#31;reute
+r f BC-EUROCHEQUE-EXPECTS-AR   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROCHEQUE EXPECTS AROUND 10 PCT CARD GROWTH</TITLE>
+<DATELINE>    BRUSSELS, April 9 - </DATELINE><BODY>The number of cards in the Eurocheque
+system, Europe's biggest personal payments system, grew by 11
+pct to 39.1 mln last year and is expected to continue
+increasing by around 10 pct in coming years, Eurocheque
+International Secretary General Mark Van Wauve said.
+    He told a news conference Eurocheque cards can now be used
+in 40 European and Mediterranean countries to back Eurocheques
+written in local currency and, where facilities are available,
+as electronic debit cards. The system would have 5,000
+automatic cash dispensers by the end of this year and aimed to
+have 25,000 throughout Europe by 1992.
+    Eurocheques and cards are issued by banks in 21 countries.
+    Van Wauve said Italian banks, who already accept
+Eurocheques, had recently asked to be allowed also to issue
+Eurocheques and cards to their clients. It was possible these
+would be launched in Italy this year if the Rome government
+agreed to lift exchange controls that prevent residents writing
+cheques abroad in any currency but lira, he told Reuters.
+    Eurocheque International, the system's Brussels-based
+coordinating centre, was also reviewing a request from the
+Soviet Union for permission to issue cheques and cards.
+    Eurocheque's agreements with banks do not permit them to
+charge commissions from clients using Eurocheques, and Van
+Wauwe said problems with French banks that have demanded such
+commissions had been reduced to a minimum last year.
+    Eurocheques can also be used to pay in local currency for
+goods and services bought in over five mln retail outlets in 28
+countries, with Hungary, Tunisia and Greece added to the system
+this year. East Germany last year became the 40th country to
+accept Eurocheques, made out in dollars, at banks and shops.
+    Eurocheque International estimated the total of Eurocheques
+used nationally and internationally at over one billion a year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5433" NEWID="15535">
+<DATE> 9-APR-1987 09:46:09.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0911&#31;reute
+b f BC-******WHIRLPOOL-CORP   04-09 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHIRLPOOL CORP 1ST QTR SHR 66 CTS VS 67 CTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4714" NEWID="15536">
+<DATE> 9-APR-1987 09:48:18.40</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0919&#31;reute
+r f BC-BRAZILIAN-SOY-RAINFAL   04-09 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN SOY RAINFALL</TITLE>
+<DATELINE>    SAOPAULO, APRIL 9 - </DATELINE><BODY>THE FOLLOWING RAINFALL WAS RECORDED IN
+THE 24 HOURS UP TO (1200) GMT TODAY
+    PARANA STATE: CASCAVEL NIL, PONTA GROSSA NIL,CAMPO MOURAO
+NIL, LONDRINA NIL, MARINGA NIL.
+    RIO GRANDO DO SUL STATE: PASSO FUNDO NIL, SANTA MARIA 7.0
+MILLIMETRES, CRUZ ALTA 8.5 MM, SAO LUIZ GONZAGA 4.4 MM. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4716" NEWID="15537">
+<DATE> 9-APR-1987 09:49:36.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0925&#31;reute
+r f BC-BIOTHERAPEUTICS-&lt;BITX   04-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOTHERAPEUTICS &lt;BITX> REPORTS DRUG FINDINGS</TITLE>
+<DATELINE>    FRANKLIN, Tenn., April 9 - </DATELINE><BODY>Biotherapeutics Inc said its
+cooperative findings on interleukin-2, the anti-cancer drug,
+were published today in the "New England Journal of Medicine".
+    Biotherapeutics, along with the Biological Therapy
+Institute and the National Cancer Institute, said the
+publication focused on a reduction in toxicity through the use
+of a constant infusion mode of intravenous administration
+protocol.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4717" NEWID="15538">
+<DATE> 9-APR-1987 09:49:51.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0926&#31;reute
+u f BC-WAL-MART-STORES-&lt;WMT>   04-09 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAL-MART STORES &lt;WMT> MARCH SALES RISE</TITLE>
+<DATELINE>    BENTONVILLE, Ark., April 9 - </DATELINE><BODY>Wal-Mart Stores Inc said March
+sales were up 32 pct to 1.13 billion dlrs from 855 mln dlrs a
+year earlier, with same-store sales up eight pct.
+    The company said sales for the first two months of its
+fiscal year were up 37 pct to 2.01 billion dlrs from 1.47
+billion dlrs a year before, with same-store sales up 11 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4715" NEWID="15539">
+<DATE> 9-APR-1987 09:51:52.33</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0929&#31;reute
+b f BC-BUNDESBANK-SEES-NO-RE   04-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK SEES NO CHANGE IN MONETARY COURSE</TITLE>
+<DATELINE>    FRANKFURT, April 9 - </DATELINE><BODY>The Bundesbank sees no current reason
+to change monetary course, vice-president Helmut Schlesinger
+told Reuters in a telephone interview.
+    Schlesinger was responding to questions following remarks
+yesterday by Bundesbank board member Claus Koehler and West
+Berlin state central bank president Dieter Hiss, which, dealers
+said, revived some speculation that German interest rate cuts
+may once again be under discussion.
+    Schlesinger said he had no comment on the remarks of his
+two central bank council colleagues.
+    But he added that the last central bank council meeting on
+April 2 had discussed the economic situation with a mood of
+"subdued optimism," particularly influenced by the news brought
+by several state central bank presidents.
+    "Much is going better than the impression gained by the
+public from the January figures, which have been in the
+meantime superseded," he said.
+    German January industrial output fell 3.0 pct after a
+decline of 0.9 pct in December. New industry orders fell 1.9
+pct after they had been unchanged in December.
+    Bank economists said that the two together showed the
+economy would either stagnate or contract in the first quarter
+of 1987.
+    Aside from the economic developments, Schlesinger added, a
+steady monetary course was important to hold the dollar/mark
+rate around current levels as Bundesbank president Karl Otto
+Poehl had said while attending the Washington World Bank/IMF
+meeting.
+    Asked, however, if the Bundesbank could move to cut rates
+on repurchase agreements at the setting of the next repurchase
+tender, due next Tuesday, Schlesinger said, "Since the central
+bank council gives its opinion on this theme only every 14
+days, this is hardly probable."
+    Responding to the question whether the Bundesbank had moved
+away from a policy of targetting monetary growth toward one of
+targetting currency rates, Schlesinger said he could have no
+comment on the subject while negotiations were still in
+progress in Washington.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5438" NEWID="15540">
+<DATE> 9-APR-1987 10:02:08.32</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0955&#31;reute
+r f BC-BRAZILIAN-COFFEE-RAIN   04-09 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN COFFEE RAINFALL</TITLE>
+<DATELINE>    SAO PAULO, APRIL 9 - </DATELINE><BODY>THE FOLLOWING RAINFALL WAS RECORDED IN
+THE AREAS OVER THE PAST 24 HOURS
+    PARANA STATE: UMUARAMA NIL, PARANAVAI NIL, LONDRINA NIL,
+MARINGA NIL.
+    SAO PAULO STATE PRESIDENTE PRUDENTE NIL, VOTUPORANGA NIL,
+FRANCA NIL, CATANDUVA NIL, SAO CARLOS NIL, SAO SIMAO NIL.
+    MINAS GERAIS STATE: GUAXUPE NIL, TRES PONTAS NIL. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5439" NEWID="15541">
+<DATE> 9-APR-1987 10:02:42.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0957&#31;reute
+u f BC-HOKKAIDO-TAKUSHOKU-CO   04-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOKKAIDO TAKUSHOKU CONVERTIBLE EUROBOND COUPON CUT</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The coupon on the 100 mln dlr, 15-year,
+convertible eurobond for Hokkaido Takushoku Bank Ltd has been
+set at 1-3/4 pct compared with the indicated two pct,
+joint-lead bookrunner Yamaichi International (Europe) Ltd said.
+    The conversion price was set at 1,052 yen, while the
+foreign exchange rate was fixed at 146.20 yen per dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5440" NEWID="15542">
+<DATE> 9-APR-1987 10:02:59.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0958&#31;reute
+f f BC-******E.F.-HUTTON-LBO   04-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>E.F. HUTTON LBO INC SAID TENDER OFFER BY PC ACQUISITTION
+FOR PUROLATOR COURIER EXPIRED
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4721" NEWID="15543">
+<DATE> 9-APR-1987 10:03:09.95</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0959&#31;reute
+r f BC-WORLD-BANK-TO-SUPPORT   04-09 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK TO SUPPORT SRI LANKA IF DEFICITS CUT</TITLE>
+<DATELINE>    COLOMBO, April 9 - </DATELINE><BODY>The World Bank will support Sri Lanka's
+development program provided the country reduces its budget and
+current account deficits, the Ministry of Finance said.
+    It said Bank President Barber Conable at a meeting with Sri
+Lanka's Finance Minister Ronnie de Mel in Washington also
+emphasised the need for structural adjustment and reform to the
+economy, battered by five years of separatist disturbances.
+    Officials said Sri Lanka's budget deficit this year is
+expected to surpass the projected 28.7 billion rupees while
+defence spending, already up by two billion rupees from a
+targetted 10 billion, is also likely grow.
+    The Ministry said de Mel asked the World Bank to give Sri
+Lanka 6.5 billion rupees balance of payments support.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5442" NEWID="15544">
+<DATE> 9-APR-1987 10:07:10.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0965&#31;reute
+f f BC-******E.F.-HUTTON-LBO   04-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>E.F. HUTTON LBO INC SAYS UNIT TERMINATES MERGER AGREEMENT
+WITH PUROLATOR COURIER
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4723" NEWID="15545">
+<DATE> 9-APR-1987 10:07:23.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0966&#31;reute
+u f BC-GEMINA-HAS-NO-COMMENT   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEMINA HAS NO COMMENT ON AMBROSIANO REPORT</TITLE>
+<DATELINE>    Milan, April 9 - </DATELINE><BODY>Holding company &lt;Gemina Spa> said it had
+no comment on an Italian press report today that it has
+acquired a 12 pct stake in &lt;Nuovo Banco Ambrosiano Spa>.
+    Italian daily La Repubblica said that Gemina paid 205
+billion lire for the shareholding from several Italian banks. A
+Gemina spokeswoman told Reuters, "We have nothing to say about
+the report."
+    A spokeswoman for Milan-based Ambrosiano said, "We have no
+information at this time." In February, Ambrosiano chairman
+Giovanni Bazoli said foreign and domestic firms have expressed
+interest in buying stakes in the bank.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5444" NEWID="15546">
+<DATE> 9-APR-1987 10:07:37.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0968&#31;reute
+b f BC-/SEARS,-ROEBUCK-&lt;S>-M   04-09 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS, ROEBUCK &lt;S> MARCH RETAIL SALES UP</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>Sears, Roebuck and Co said retail sales
+of its Merchandise Group in March rose 4.2 pct to 2.62 billion
+dlrs from 2.51 billion dlrs a year ago.
+    For the nine weeks ended April Four, Sears Merchandise
+Group sales rose 4.5 pct to 4.46 billion dlrs from 4.27 billion
+dlrs in the same 1986 period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5445" NEWID="15547">
+<DATE> 9-APR-1987 10:07:47.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0969&#31;reute
+d f BC-VOLKSWAGEN-DIVIDEND-U   04-09 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLKSWAGEN DIVIDEND UNCHANGED ON 1986</TITLE>
+<DATELINE>    WOLFSBURG, West Germany, April 9 -
+    </DATELINE><BODY>Dividend on 1986 business unchanged at 10 marks per
+ordinary share. Company also set dividend of 11 marks for new
+preference shares, which were issued last year.
+    (Note: Company has said profit will match 1985 level,
+despite provisions of 480 mln marks connected with alleged
+currency fraud. Group net profit in 1985 was 596 mln marks,
+parent company net was 477 mln marks. Company's full name is
+Volkswagen AG &lt;VOWG.F>).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4726" NEWID="15548">
+<DATE> 9-APR-1987 10:08:25.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0971&#31;reute
+b f BC-WHIRLPOOL-CORP-&lt;WHR>   04-09 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHIRLPOOL CORP &lt;WHR> 1ST QTR NET</TITLE>
+<DATELINE>    BENTON HARBOR, MICH., April 9 -
+    </DATELINE><BODY>Shr 66 cts vs 67 cts
+    Net 48,700,000 vs 49,300,000
+    Sales 961.0 mln vs 870.6 mln
+    Avg shrs 74,123,837 vs 73,374,398
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5447" NEWID="15549">
+<DATE> 9-APR-1987 10:10:03.25</DATE>
+<TOPICS><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>uk</D><D>west-germany</D><D>france</D><D>italy</D><D>canada</D></PLACES>
+<PEOPLE><D>james-baker</D><D>miyazawa</D><D>stoltenberg</D><D>volcker</D><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0975&#31;reute
+r f BC-U.S.-SAID-TO-VIEW-G-7   04-09 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAID TO VIEW G-7 MEETING AS MAJOR SUCCESS</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 9  - </DATELINE><BODY>The United States, which has long
+sought Japanese action to stimulate its economy, appears to be
+satisfied Tokyo's latest package is a major development and
+allows leading industrial nations to reaffirm their agreement
+to stabilize currencies.
+    Monetary sources said they believed that U.S. Treasury
+Secretary James Baker considered Tokyo's package, announced
+yesterday, to be a major stimulation of the Japanese economy.
+    But yesterday's statement by seven leading industrial
+powers endorses the yen's rise from around 153 to the dollar,
+the level at the February 22 Paris Accord, to about 145 today.
+    And the initial reaction of currency markets in the Far
+East demonstrates that financial markets are unconvinced that
+currencies yet reflect economic fundamentals, even though the
+countries appear to do so. The yen sank below 145 at one point
+despite intervention by the Bank of Japan.
+    Kiichi Miyazawa, Japan's Finance Minister, said the
+movement since Paris was consistent with currency trading
+ranges the nations agreed to defend in the February talks.
+    "I would say that what has happened (to the yen) in the past
+several weeks was not outside the range we agreed to in the
+discussions in Paris," Miyazawa said yesterday.
+    The supplementary budget worth about 34.48 billion dlrs was
+announced by the ruling Liberal Democratic Party on the eve of
+Miyazawa's departure for Washington, to attend yesterday's
+meetings of leading industrial nations.
+    In a strongly worded statement terming the Japanese action
+"extraordinary and urgent", the meeting reaffirmed the Paris
+Accord by noting that current exchange rates are within ranges
+broadly consistent with fundamentals, or economic reality.
+    The Group of Seven -- the United States, Japan, West
+Germany, France, Britain, Italy and Canada -- therefore
+repeated their willingness to continue close cooperation to
+foster exchange rate stability.
+    The cooperation agreement has resulted in concerted central
+bank intervention of 8 billion to 9 billion dlrs to halt the
+dollar's fall. While relatively unsuccessful, the scale of
+intervention between so many nations is unprecedented in recent
+years. Monetary sources also said they understood that
+Secretary Baker considered the meeting to be extremely
+successful in the light of the Japanese announcement.
+    They also said there was a growing feeling among the
+finance ministers and central bankers that cooperation over
+medium-term policies has replaced the bickering over short-term
+differences in past meetings.
+    West Germany, whose currency has not risen anything like
+the yen since the Paris Agreement, appears from the face of
+yesterday's statement to have won acceptance from other
+countries that its exchange rate is acceptable.
+    Bonn's finance minister Gerhard Stoltenberg argues that
+major currency shifts needed to remedy the huge imbalance
+between West Germany and Japan's trade surpluses and America's
+trade deficit have already taken place.
+    No mention was made, however, of the U.S. commitment to cut
+the budget deficit even though it is implied in the
+reafffirmation of Paris.
+    European nations and Japan believe deficit cuts are
+essential to curbing the record U.S. trade shortfall that
+reached nearly 170 billion dlrs last year.
+    A similar argument was made on Capitol Hill earlier this
+week by Federal Reserve Board chairman Paul Volcker. A further
+sharp fall to redress trade imbalances would "clearly pose
+substantial risks of renewed inflationary momentum and could
+undermine confidence in future financial stability," he said.
+    Volcker warned a further dollar fall might force the
+politically independent Fed to drive up interest rates.
+    Monetary sources said that, privately, West Germany
+welcomed the rise in the yen against the dollar while its own
+currency remained relatively stable against the U.S. unit.
+    Bonn and other European nations worry that once the weak
+dollar blunts Tokyo's export drive to the United States, the
+Japanese monolith will concentrate on European markets.
+    The ministers, meanwhile, also continued talks on making
+their policy coordination more binding and one, Canadian
+Finance Minister Michael Wilson, said good progress was made.
+    Wilson said they will meet before the June Economic Summit
+to prepare a report for the leaders of the seven nations.
+    The United States and France, backed by the International
+Monetary Fund, want the seven to agree on ranges or "norms" for a
+limited number of economic objectives such as growth,
+inflation, monetary conditions, trade balances and current
+account balances.
+    Sharp deviations from these guidelines would result in
+consultations between the countries on whether corrective
+action should be required.
+    But the inclusion of currencies as one of the objectives
+has Bonn and London worried, monetary sources say, because it
+implies Washington is moving in the direction of target zones.
+    The sources said the Reagan administration unsuccessfully
+sounded out its allies on a system of target zones to limit
+currency fluctuations just before the February meeting.
+    The concept is a much more rigid one than the secret ranges
+of the Paris Accord and would mark a sharp departure from the
+relatively free currency markets of recent years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5448" NEWID="15550">
+<DATE> 9-APR-1987 10:10:58.67</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0978&#31;reute
+b f BC-BANK-OF-FRANCE-LEAVES   04-09 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE LEAVES INTERVENTION RATE UNCHANGED</TITLE>
+<DATELINE>    PARIS, April 9 - </DATELINE><BODY>The Bank of France said it left its
+intervention rate unchanged at 7-3/4 pct when it injected funds
+in the market against first category paper in today's money
+market intervention tender.
+    Money market dealers had earlier expressed mixed views on
+the possibility of quarter point cut.
+    The rate was last adjusted on March 9, when it was cut to
+7-3/4 pct from the eight pct rate set in January.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5449" NEWID="15551">
+<DATE> 9-APR-1987 10:13:27.77</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0995&#31;reute
+d f BC-GLOBAL-ECONOMIC-SLOWD   04-09 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLOBAL ECONOMIC SLOWDOWN RAISES NEW DEBT FEARS</TITLE>
+<AUTHOR>    By Alver Carlson, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The global economy is expected to
+weaken this year, adding new worries to an already serious
+poverty outlook, economic analysts said.
+    For finance ministers and central bankers attending this
+week's semi-annual meetings of the International Monetary Fund
+and World Bank, the new figures released by the IMF add an
+additional concern.
+    The Fund estimated world output would only grow by 2.7 pct
+this year, versus 2.9 pct last year, and 3.1 pct in 1985.
+    In the industrial countries, Gross National Product, a
+measure of all goods and services, was expected to decline to
+2.3 pct this year, compared with 2.4 pct in 1986, the IMF said.
+    For the developing countries, the Gross Domestic Product,
+another measure of economic growth, was expected to fall to 3.0
+pct from 3.5 pct last year.
+    The new figures are considered a major disappointment to
+the poorest countries. They had hoped that new vitality in the
+industrial countries brought on by a sharp decline in oil
+prices would assist their economic recovery and help them cope
+with growing mounds of debt.
+    IMF officials, discussing their outlook, said they believed
+the industrial country economies would move up to an annual
+growth rate of three pct by the end of the decade.
+    Economic analysts and the IMF have been saying for some
+time that the ability to keep the debt crisis from turning into
+an economic rout rests on sustained economic growth.
+    Since the debtor countries must look to the wealthier
+states for markets for their products as well as financial
+assistance, economic weakness in the developed nations' 
+economies poses fundamental worries.
+    Debtor countries, including the very poorest states, have
+only a few avenues open to them for earning foreign exchange,
+including the key one of exports.
+    The U.S. economy, which is in its fifth year of expansion,
+has served as a mainstay for developing country exports, but it
+too is seen as being rather feeble this year, growing by only
+2.3 pct, according to the IMF.
+    For this reason and because of a high trade deficit, the
+United States has been pressuring Japan and West Germany to
+ignite their economies but with little apparent success.
+    The IMF study also examines the course of the dollar and
+the curious lack of impact it has had on the U.S. trade
+deficit.
+    Reagan administration officials have been saying that the
+impact is now beginning to show up, although it has been much
+slower than expected.
+    The IMF observed in its World Economic Outlook that "it has
+to be recognized that exchange rate adjustments take time to
+work through to payments flows -- probably at least three years
+to get a resonably complete effect."
+    The report added, however, "the adjustments may take even
+more time on this occasion."
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4730" NEWID="15552">
+<DATE> 9-APR-1987 10:15:55.48</DATE>
+<TOPICS><D>interest</D><D>money-supply</D><D>trade</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1011&#31;reute
+r f BC-SPANISH-EMPLOYERS-WOR   04-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH EMPLOYERS WORRIED BY HIGH INTEREST RATES</TITLE>
+<DATELINE>    MADRID, April 9 - </DATELINE><BODY>The head of Spain's employers'
+federation, Jose Maria Cuevas, said employers were worried
+about the government's monetary policies because high real
+interest rates were hampering investment.
+    He told a news conference wage pacts signed so far this
+year were not endangering the government's five pct inflation
+target. The government's perceived need to control inflation by
+keeping a tight rein on credit was unnecessary, he said.
+    High real interest rates were attracting an influx of
+speculative foreign capital which was undercutting the
+government's target for monetary growth, Cuevas said.
+    Spain's most closely-watched measure of money supply,
+liquid assets in public hands, grew at an annualised rate of 17
+pct in March, against 11.4 pct in December last year and a
+target range of 6.5 to 9.5 pct for 1987.
+    To combat this, the Bank of Spain has raised its call money
+rate 14 times so far this year, to 14.5 pct at present from
+11.8 at end-1986.
+    Cuevas said employers were heeding the government's call to
+hold wage increases to its five pct inflation target this year,
+with increases from salary reviews awarded last year and new
+wage pacts averaging 5.6 pct in the first quarter of 1987.
+    These agreements covered less than 40 pct of Spanish
+workers, Cuevas said, with the rest still in wage negotiations.
+    He said Spain's current wave of strikes mainly affected the
+state sector, where the government is trying to impose its five
+pct wage ceiling.
+    Cuevas said employers were also worried about the trend in
+Spain's foreign trade balance. The trade deficit in the first
+two months of 1987 totalled 233 billion pesetas, a 68 pct
+increase over the corresponding period last year.
+    However, employers did not favour a devaluation of the
+peseta to correct the imbalance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4731" NEWID="15553">
+<DATE> 9-APR-1987 10:17:10.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1017&#31;reute
+u f BC-SHOWBOAT-&lt;SBO>-DECLAR   04-09 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHOWBOAT &lt;SBO> DECLARES STOCK SPLIT</TITLE>
+<DATELINE>    LAS VEGAS, April 9 - </DATELINE><BODY>Showboat Inc said its board declared a
+two-for-one stock split, payable to shareholders of record on
+May 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4732" NEWID="15554">
+<DATE> 9-APR-1987 10:17:34.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1019&#31;reute
+u f BC-J.C.-PENNEY-&lt;JCP>-MAR   04-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.C. PENNEY &lt;JCP> MARCH SALES OFF 1.3 PCT</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>J.C. Penney Co Inc said sales for the
+five weeks ended April Four for its JCPenney stores and catalog
+were off 1.3 pct to 1.12 billion dlrs from 1.13 billion a year
+before, with same-store sales off 1.5 pct.
+    The company said total company sales were off 0.2 pct to
+1.25 billion dlrs from 1.26 billion dlrs.
+    Penney said sales for ther first nine weeks of its fiscal
+year for its JCPenney stores and catalogs were up 1.3 pct to
+1.90 billion dlrs from 1.87 billion dlrs a year before, with
+same-store sales up 1.2 pct.
+    Penney said year to date sales company-wide were up 2.3 pct
+to 2.14 billion dlrs from 2.09 billion dlrs, with same-store
+sales up 2.2 pct.
+    Penney said "Sales were in line with expectations in light
+of the shift of Easter from March in 1986 to April this year.
+Sales continued strong for catalog operations and,
+geographically, ranged from very active in the East to weak in
+the economically depressed Southwest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4733" NEWID="15555">
+<DATE> 9-APR-1987 10:18:07.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1023&#31;reute
+u f BC-GE   04-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERMARKETS GENERAL &lt;SGL> FIVE WEEK SALES</TITLE>
+<DATELINE>    WOODBRIDGE, N.J., April 9 - </DATELINE><BODY>Supermarkets General Corp said
+its sales were 540.9 mln dlrs for the five-week period ended
+April 4, 1987, a 7.8 pct increase over sales of 501.8 mln dlrs
+for the comparable period a year ago.
+    For the nine-weeks of its current fiscal year through April
+4, the company said sales were 965.8 mln dlrs, a 7.5 pct
+increase over 898.2 mln dlrs for the comparable period last
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5454" NEWID="15556">
+<DATE> 9-APR-1987 10:18:18.64</DATE>
+<TOPICS><D>lead</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1024&#31;reute
+u f BC-LEAD-PRICES-RISE-ON-F   04-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEAD PRICES RISE ON FINELY BALANCED PHYSICALS</TITLE>
+<AUTHOR>    By Donald Bradshaw, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Lead prices have risen this week against
+a background of a finely balanced physical sector, traders
+said.
+    Further gains are possible if the USSR steps up its buying
+or if labour problems develop in North America, they added.
+    London Metal Exchange (LME) prices are unusually buoyant at
+a time of year when seasonal demand is normally slackening and
+prices tending to drift lower.
+    This buoyancy is generally attributed by traders to the low
+level of LME stocks and steady, if unspectacular, physical
+demand in the Northern Hemisphere finding supplies curtailed.
+    The supply problems are not new but are beginning to be
+felt by a market in which, as peak winter demand tails off,
+stocks usually build fast and availability increases, traders
+said.
+    The lower supply levels result from a number of different
+factors around the globe.
+    Delayed shipments from Peru to Mediterranean countries
+because of production and transport problems, lack of Spanish
+exports since the closure last year of Cia La Cruz's smelter at
+Linares and lower output in Morocco and Greece have all meant
+additional demand being directed to merchants who in turn have
+been drawing on LME stocks.
+    In addition Broken Hill Associated Smelters' Port Pirie,
+South Australia, smelter is halting production for five weeks
+for maintenance. Although the company said it would meet
+commitments, this will put further pressure on stocks.
+    And the U.S. Company Doe Run has kept its 140,000 tonnes
+per year Boss, Montana smelter closed. This cut producer stocks
+and contributed to a closer supply/demand balance within the
+U.S. Market, for many years depressed by surplus production and
+a regular supplier to the world market.
+    Mexican supplies, which have sometimes swelled LME stocks,
+have been normal but are finding ready buyers, traders said.
+    On the demand side, winter battery manufacture has held up
+quite well and some U.S. Buying of lead sheet has been reported
+in the U.K. Soviet lead buying, notably absent in Europe in the
+first two months of the year, was resumed when a large buying
+order was filled by merchants in March.
+    Merchant demand has fuelled the rise in LME lead prices
+this week and has seen cash metal move above 320 stg and
+establish a premium of around 10 stg over three months
+delivery. Specific demand has been directed towards metal in
+Gothenburg and Trieste warehouses. Gothenburg material is often
+a target for merchants shipping to the USSR, traders said.
+    On stocks, the popular LME Continental warehouses, Antwerp
+and Rotterdam, have little more than 3,000 tonnes of lead each,
+and this is believed to be in strong hands.
+    Out of a total 22,125 tonnes in LME stocks, the lowest
+level since June 1980, just over half is in U.K. Warehouses
+which are not popular with merchants putting together
+shipments.
+    But even U.K. Stocks have dropped around 6,000 tonnes since
+the start of the year. Traders said this is partly due to
+secondary smelters buying ingots to supplement feed supplies
+affected by environmental controls, which put restrictions on
+the transport of used batteries.
+    Labour negotiations in North America will play an important
+part in determining the direction of prices, with contracts
+expiring end-April at Cominco's Trail and Kimberley, B.C.,
+Mine/smelter and at Doe Run's Herculaneum, Mo, smelter.
+    Noranda's New Brunswick mine/smelter also has a contract
+expiry in July which may cause some nervousness in view of
+strikes by its zinc and copper workers over recent months.
+    Traders said LME three months delivery, already attracting
+speculative buying, could rise to 320/330 stg on current
+firmness, while nearby tightness could widen the cash premium
+to 20 from four. Three months was quoted at 313 stg at
+midsession.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5455" NEWID="15557">
+<DATE> 9-APR-1987 10:18:31.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1025&#31;reute
+u f BC-******F.-W.-WOOLWORTH   04-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>F. W. WOOLWORTH &lt;Z> MARCH SALES UP 0.2 PCT</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>F. W. Woolworth Co said sales for the
+five weeks ended april 4 rose 0.2 pct to 591 mln dlrs from 590
+mln dlrs.
+    Domestic sales decreased 4.4 pct to 355 mln dlrs from 371
+mln dlrs and foreign sales, expressed in U.S. dlrs, rose 7.9
+pct, the company said.
+    If foreign exchange rates had remained constant, foreign
+sales would have decreased 4.0 pct and total sales 4.2 pct, it
+said.
+    For the nine weeks, total sales rose 4.3 pct to 1.01
+billion from 964 mln dlrs.
+    Domestic sales of 604 mln dlrs were unchanged and foreign
+sales, expressed in dlrs, increased 11.4 pct from the year
+earlier period. If foreign exchange rates were constant,
+foreign sales would have decreased 1.0 pct and total sales 0.4
+pct, the company said.
+    "As anticipated, March sales were lackluster in our
+seasonally sensitive businesses due to Easter's being three
+weeks later this year than last," the company said in a
+statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4736" NEWID="15558">
+<DATE> 9-APR-1987 10:19:41.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1032&#31;reute
+u f BC-REXHAM-CORP-&lt;RXH>-1ST   04-09 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXHAM CORP &lt;RXH> 1ST QTR NET</TITLE>
+<DATELINE>    CHARLOTTE, N.C., April 9 -
+    </DATELINE><BODY>Shr 70 cts vs 42 cts
+    Net 2,918,000 vs 1,746,000
+    Sales 68.3 mln vs 53.5 mln
+    NOTE: 1987 net includes pretax gain 400,000 dlrs from
+change in pension accounting.
+    1987 results include Production Graphics Corp and Systems
+Technology and Weapons System Test Divisions of NEw Technology
+Inc, acquired December 30, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4737" NEWID="15559">
+<DATE> 9-APR-1987 10:21:05.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1046&#31;reute
+r f BC-FIRST-EASTERN-CORP-&lt;F   04-09 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST EASTERN CORP &lt;FEBC> 1ST QTR NET</TITLE>
+<DATELINE>    WILKES-BARRE, Pa., April 9 -
+    </DATELINE><BODY>Shr 50 cts vs 47 cts
+    Net 3,445,000 vs 3,193,000
+    NOTE: Share adjusted for two-for-one stock split in January
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4738" NEWID="15560">
+<DATE> 9-APR-1987 10:21:12.37</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1047&#31;reute
+r f BC-FHLBB-CHANGES-SHORT-T   04-09 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Federal Home Loan Bank Board
+adjusted the rates on its short-term discount notes as follows:
+    MATURITY   NEW RATE  OLD RATE  MATURITY
+  30-174 days  5.00 pct  5.00 pct    30-87 days
+ 175-190 days  5.85 pct  5.82 pct   88-103 days
+ 191-270 days  5.00 pct  5.00 pct  104-179 days
+ 271-288 days  5.92 pct  5.85 pct  180-205 days
+ 289-360 days  5.00 pct  5.00 pct  206-360 days
+                       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5459" NEWID="15561">
+<DATE> 9-APR-1987 10:21:36.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1050&#31;reute
+d f BC-ANCHOR-FINANCIAL-&lt;AFC   04-09 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANCHOR FINANCIAL &lt;AFCX> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    MYRTLE BEACH, S.C., April 9 - </DATELINE><BODY>Anchor Financial Corp said it
+has agreed to acquire Waccamaw State Bank of Surfside Beach,
+S.C., in an exchange of 1.435 Anchor shares for each Waccamaw
+share, subject to regulatory and shareholder approvals.
+    Waccamaw had assets of 22.8 mln dlrs as of March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5460" NEWID="15562">
+<DATE> 9-APR-1987 10:22:53.01</DATE>
+<TOPICS><D>dlr</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1051&#31;reute
+u f BC-STOLTENBERG-NOT-SURPR   04-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG NOT SURPRISED BY DOLLAR REACTION</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg said he was not surprised by the overnight decline
+of the dollar in foreign exchange markets.
+    Speaking briefly with reporters before entering a meeting
+of the International Monetary Fund he said, "These minor
+movements don't really affect us."
+    The dollar declined in the initial reaction to a statement
+by the Group of Seven industrial countries reaffirming their
+Paris agreement in February to maintain their currencies around
+current levels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5461" NEWID="15563">
+<DATE> 9-APR-1987 10:23:50.87</DATE>
+<TOPICS><D>lead</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M F
+&#22;&#22;&#1;f1052&#31;reute
+u f BC-asarco-lead-price   04-09 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASARCO UPS U.S. LEAD PRICE 0.50 CT TO 26.50 CTS</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Asarco Inc said it is increasing its
+base spot sales price for refined lead by one-half cent to
+26.50 cents a lb, FOB, delivered in carload lots, effective
+immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4742" NEWID="15564">
+<DATE> 9-APR-1987 10:25:04.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1056&#31;reute
+r f BC-FRANCE-PLANS-TO-COVER   04-09 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE PLANS TO COVER SOCIAL SECURITY DEFICIT</TITLE>
+<DATELINE>    PARIS, April 9 - </DATELINE><BODY>French government ministers will meet next
+Tuesday to discuss measures to cover the state Social Security
+Fund's deficit before the summer, Prime Minister Jacques
+Chirac's social affairs adviser, Marie-Helene Berard, said.
+    Employment Ministry officials say the fund, in surplus
+until 1985, faces a 24 billion franc deficit by the end of this
+year, largely because of rising unemployment. Budget Minister
+Alain Juppe said the fund needed more resources and a
+management overhaul. The government was not in favour of
+introducing an additional tax to fund the deficit as did the 
+previous socialist administration between 1982 and 1985, he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4743" NEWID="15565">
+<DATE> 9-APR-1987 10:25:12.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1057&#31;reute
+b f BC-E.F.-HUTTON-&lt;EFH>-UNI   04-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.F. HUTTON &lt;EFH> UNIT'S PUROLATOR OFFER EXPIRES</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>E.F. Hutton LBO Inc said the tender
+offer by its wholly owned unit, PC Acquisition Inc, for
+Purolator Courier Corp &lt;PCC> expired at 2400 EDT yesterday
+without the purchase of any Purolator common stock.
+    Hutton added that PC Acquisition also terminated its merger
+agreement with Purolator.
+    Hutton said the offer, which had been conditioned upon the
+tender of at least 5,116,892 Purolator shares, or about
+two-thirds of the outstanding shares, was terminated because
+the minimum number of shares was not tendered.
+    Purolator had entered into a definitive agreement with PC
+Acquisition, part-owned by E.F. Hutton LBO Inc, a unit of E.F.
+Hutton, and some officers of Purolator's U.S. courier division,
+in which PC offered to purchase 6,332,471 Purolator common
+stock shares for 35 dlrs a share.
+    Following that move, PC Acquisition planned to merge a
+subsidiary into Purolator, converting all outstanding Purolator
+common it did not own into an aggregate 46 mln dlrs principal
+amount of 12 pct guaranteed debentures due 2002 and warrants to
+purchase 15 pct of a Purolator unit comprised of Purolator's
+U.S courier operations.
+    Hutton said as of 2400 EDT yesterday about 181,000 shares
+of Purolator common stock, or about 2.4 pct of the outstanding
+shares, had been validly tendered and not withdrawn.
+    PC Acquisition has instructed its depository for the offer
+to return promptly the Purolator stock deposited by, or on
+behalf of, tendering shareholders, Hutton said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5464" NEWID="15566">
+<DATE> 9-APR-1987 10:25:21.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1058&#31;reute
+b f BC-******ABBOTT-LABORATO   04-09 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ABBOTT LABORATORIES 1ST QTR NET SHR 62 CTS VS 52 CTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4745" NEWID="15567">
+<DATE> 9-APR-1987 10:27:33.19</DATE>
+<TOPICS><D>grain</D><D>rice</D><D>wheat</D><D>sorghum</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1065&#31;reute
+u f BC-INDIA-FOODGRAIN-TARGE   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA FOODGRAIN TARGET 160 MLN TONNES IN 1987/88</TITLE>
+<DATELINE>    NEW DELHI, April 9 - </DATELINE><BODY>India's national foodgrain target has
+been fixed at 160 mln tonnes in 1987/88 (Apr-Mar), unchanged
+from the 1986/87 target, the Agriculture Ministry said in its
+annual report for 1986/87.
+    Actual output was estimated at 151 mln tonnes in 1986/87
+due to failure of monsoon rains in 15 out of 35 meterological
+sub-divisions of the country.
+    The report gave the targets for various crops with
+estimated harvested crops in 1986/87 in brackets as following,
+in mln tonnes - rice 65 (60), wheat 49 (49), coarse grains
+including sorghum and millets 32 (29) and pulses 14 (13).
+    Despite failure of monsoon rains in recent years, it was
+possible to maintain higher foodgrain production, signifying
+growing resilience in agricultural sector, the report said.
+    The strategy for increasing irrigation potential along with
+greater use of high yielding seed varieites and improvement in
+fertiliser efficiency is yielding results, it said, adding
+total foodgrain output in 1985/86, 1984/85 and 1983/84
+respectively was 150.5 mln tonnes, 145.5 mln and a record 152.4
+mln.
+   India has targeted to produce between 178 and 183 mln tonnes
+of foodgrains by the last year of the seventh five-year
+development plan ending March 31, 1990.
+    Taking the midpoint of 180 mln tonnes as the target and the
+1986/87 estimated production of around 151 mln tonnes, the gap
+of 29 mln tonnes has to be made up during the remaining three
+years of the plan by increasing grain output annually by more
+than nine mln tonnes. But the target can be achieved only with
+good weather, the report said.
+    "The major thrust programme will, therefore, be better water
+(irrigation) management. Simultaneously, efforts for spread of
+improved technology including timely use of inputs (farm
+materials like fertilisers) in adequate quantities have to be
+vigrously pursued," it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4746" NEWID="15568">
+<DATE> 9-APR-1987 10:27:43.96</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyce</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1066&#31;reute
+u f BC-certif-cotton-stocks   04-09 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CERTIFICATED COTTON STOCKS</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Certificated cotton stocks deliverable
+on the New York Cotton Exchange No 2 cotton futures contract as
+of April 8 were reported at 34,661 bales, down 421 bales from
+the previous day's figure. There were no bales awaiting review
+and 1,218 bales awaiting decertification.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4747" NEWID="15569">
+<DATE> 9-APR-1987 10:28:23.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1070&#31;reute
+u f BC-REICHHOLD-CHEMICAL-&lt;R   04-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REICHHOLD CHEMICAL &lt;RCI> SETS ANTI-TAKEOVER PLAN</TITLE>
+<DATELINE>    WHITE PLAINS, April 9 - </DATELINE><BODY>Reichhold Chemical Inc said its
+board adopted a warrant dividend plan in which one preferred
+stock purchase right will be distributed as a dividend on each
+common share outstanding.
+    The company said its warrant dividend plan is designed to
+protect its shareholders against unsolicted, coercive attempts
+to aquire control without making an adequate offer for all
+shares.
+    Reichhold said the adoption is not a response to any
+specific takeover attempt.
+    Reichhold said each right will entitle shareholders to buy
+one one-hundreth of a share of a newly created series of
+preferred stock at an initial exercise price of 120 dlrs, with
+dividend and voting rights approximately equal to those of one
+share of the company's common stock.
+    The rights will be exercisable only if, without Reichhold's
+prior consent, a person or group a acquires 20 pct or more of
+the voting power or announces a tender offer which would result
+in 20 pct ownership, the company said.
+    Reichhold said it is entitled to redeem the rights at five
+cts apiece before a 20 pct position has been acquired, or
+before an existing 20 pct shareholder buys an additional two
+pct or more of the voting power of the company, or in
+connection with certain transactions afterward.
+    The tax-free distribution will become effective May 1,
+1987, and will expire 10 years later, the company said.
+    Details of the plan are outlined in a letter to be mailed
+to stockholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4748" NEWID="15570">
+<DATE> 9-APR-1987 10:28:40.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1072&#31;reute
+u f BC-ABBOTT-LABORATORIES-I   04-09 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABBOTT LABORATORIES INC &lt;ABT> 1ST QTR NET</TITLE>
+<DATELINE>    NORTH CHICAGO, ILL., April 9 -
+    </DATELINE><BODY>Shr 62 cts vs 52 cts 
+    Net 142.0 mln vs 123.0 mln
+    Sales 1.00 billion vs 865.0 mln
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4749" NEWID="15571">
+<DATE> 9-APR-1987 10:29:46.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1074&#31;reute
+u f BC-HANSON-&lt;HAN>-TO-BUY-I   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANSON &lt;HAN> TO BUY INT'L PROTEIN &lt;PRO> STOCK</TITLE>
+<DATELINE>    FAIRFIELD, N.J., April 9 - </DATELINE><BODY>International Proteins Corp said
+it has agreed to sell in a private placement 330,000 common
+shares at 11.75 dlrs a share to a U.S. subsidiary of Hanson
+Trust Plc.
+    In addition, David Clarke the president of another Hanson
+Trust subsidiary, Hanson Industries, will be named chairman of
+International Proteins's executive committee upon his election
+to the board at the annual meeting.
+    International Proteins recently acquired Clarke's family
+business, Great South Beach Sales Co, for 900,000 restricted
+common shares of which 350,000 have been issued to date.
+    International Proteins said its agreement with Hanson Trust
+is subject to stockholder approval at the annual meeting which
+is expected to be held in June.
+    The company said Hanson Trust is purchasing the stock for
+investment purposes, adding the agreement includes restrictions
+on purchase or sale of the company by Hanson for the next five
+years.
+    International Proteins said it will use the proceeds to
+expand domestic operations.
+    The company has about 2.1 mln shares outstanding.          
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5470" NEWID="15572">
+<DATE> 9-APR-1987 10:30:30.68</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1076&#31;reute
+u f BC-EGYPT-BUYS-PL-480-WHE   04-09 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT BUYS PL 480 WHEAT FLOUR - U.S. TRADERS</TITLE>
+<DATELINE>    KANSAS CITY, April 9 - </DATELINE><BODY>Egypt bought 125,723 tonnes of U.S.
+wheat flour in its PL 480 tender yesterday, trade sources said.
+    The purchase included 51,880 tonnes for May shipment and
+73,843 tonnes for June shipment. Price details were not
+available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5471" NEWID="15573">
+<DATE> 9-APR-1987 10:31:04.89</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1079&#31;reute
+r f BC-SPAIN-HAS-35-MLN-DLR   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN HAS 35 MLN DLR CURRENT SURPLUS FEBRUARY</TITLE>
+<DATELINE>    MADRID, April 9 - </DATELINE><BODY>Spain had a 35 mln dlr current account
+surplus in February compared with a 68 mln dlr surplus in
+January and a 355 mln dlr surplus in February last year, Bank
+of Spain figures show.
+    Spain's trade deficit narrowed to 581 mln dlrs compared
+with 664 mln dlrs in January but the large increase in non-oil
+imports contributed to the substantial increase over the 159
+mln dlr deficit registered in February 1986.
+    Exports at 2.58 billion dlrs were up 19 pct compared with
+February last year, but imports were 46 pct higher than last
+February, totalling 3.16 billion dlrs.
+    Non-oil imports totalled 2.79 billion dlrs compared with
+1.91 billion in February last year, reflecting the large
+ammount of investment goods entering the country with the
+recovery of the Spanish economy, the Bank of Spain said.
+    Spain's tourism earnings continued to grow and totalled 655
+mln dlrs in February, compared with 103 mln dlrs in January and
+502 mln dlrs in February last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4752" NEWID="15574">
+<DATE> 9-APR-1987 10:32:48.71</DATE>
+<TOPICS><D>oilseed</D><D>groundnut</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1091&#31;reute
+u f BC-INDIAN-OILSEED-OUTPUT   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA OILSEED OUTPUT FORECAST TO RISE</TITLE>
+<DATELINE>    NEW DELHI, April 9 - </DATELINE><BODY>India's oilseed output is expected to
+rise to 12.25 mln tonnes in 1986/87 ending October, up on 11.15
+mln in 1985/86 but down from 12.95 mln harvested in 1984/85,
+the Agriculture Ministry's 1986/87 report said.
+    But the forecast for 1986/87 is well below a target of 14.8
+mln tonnes fixed for the year, it said, adding bad weather hit
+groundnut and other oilseed crops.
+    The National Oilseeds Development Program will invest 300
+mln rupees in 1986/87 on supplying improved high-yielding seeds
+and other support services to help boost production, it added.
+India imports about 1.2 mln tonnes of edible oils a year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4753" NEWID="15575">
+<DATE> 9-APR-1987 10:36:05.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1108&#31;reute
+u f BC-EXXON-SOUTH-AFRICAN-U   04-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> SOUTH AFRICAN UNIT ACQUIRED BY ZENEX</TITLE>
+<DATELINE>    JOHANNESBURG, April 9 - </DATELINE><BODY>&lt;Zenex Oil Pty Ltd> said it
+acquired the interests of Esso South Africa, the local
+subsidiary of Exxon Corp &lt;XON), and will use up to 20 mln rand
+in profits to finance educational and social programs.
+    The profit scheme will begin after Zenex has paid Exxon an
+undisclosed purchase price for Esso, Zenex chairman John
+Truscott said in a statement.
+    The acquisition follows the Exxon withdrawal from South
+Africa announced last December.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5474" NEWID="15576">
+<DATE> 9-APR-1987 10:38:57.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>france</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1116&#31;reute
+b f BC-UK,-FRANCE-TO-URGE-DE   04-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK, FRANCE TO URGE DEBT RELIEF FOR POOREST LANDS</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Britain, France and other European
+nations will make a strong plea in high-level meetings today
+for urgent debt relief for the very poorest countries, European
+monetary sources said.
+    The request will be put to the International Monetary
+Fund's policy-making Interim Committee, which meets here as
+part of semi-annual IMF and World Bank talks.
+    But it is likely to run into opposition from the United
+States, which regards debt relief, even for the world's poorest
+nations in Sub-Saharan Africa, with distaste.
+    "If all creditors agreed, (Britain and France) would be
+prepared to consider below market interest rates " for the
+countries, one source said.
+    A senior U.S. Treasury official poured cold water on the
+plan earlier this week, however. "We are not willing to enter
+into arrangements that would forgive debt or provide
+concessional interest rates," the official said.
+    At the heart of the American objection is the fear that
+once such a concession is made for the very poorest nations,
+then sooner or later Latin debtors will be demanding similar
+relief.
+    African nations owe foreign creditors, most of them
+governments, over 70 billion dlrs. Over 21 billion dlrs is debt
+owed by poorest Sub-Saharan African nations.
+    In addition to interest rate concessions, the sources said
+European countries wanted repayment of these loans to be
+stretched out for up to 20 years, with a substantial delay
+before capital repayments start.
+    The issue was inconclusively discussed in yesterday's
+meetings of the major industrial nations -- the United States,
+Japan, West Germany, Britain, France, Italy and Canada.
+    It is already under consideration by the Paris Club of
+western creditor nations, to which the United States belongs.
+    "There are quite obviously differences about it," one source
+said of the American attitude. "But it is perfectly clear that
+(debt repayment) is an abiding problem for a small number of
+the poorest countries."
+    The plan would also involve the conversion of bilateral aid
+to these countries into outright grants, a policy already
+adopted by Paris and London.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4755" NEWID="15577">
+<DATE> 9-APR-1987 10:39:23.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1117&#31;reute
+r f BC-COMMONWEALTH-EDISON-&lt;   04-09 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH EDISON &lt;CWE> FILES DEBT OFFER</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Commonwealth Edison Co filed with the
+Securities and Exchange Commission for the sale of 375 mln dlrs
+in first mortgage bonds.
+    It said the proceedings would be used to discharge or
+refund outstanding obligations.
+    No underwriter was named.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5476" NEWID="15578">
+<DATE> 9-APR-1987 10:39:52.56</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1118&#31;reute
+r f BC-SALLIE-MAE-ADJUSTS-SH   04-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALLIE MAE ADJUSTS SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Student Loan Marketing
+Association said its rates on short-term discount notes were as
+follows:
+    MATURITY   NEW RATE    OLD RATE  MATURITY
+    5-14 days  5.80 pct    5.75 pct     5-14 days
+  15-360 days  5.00 pct    5.00 pct    15-85 days
+                           5.80 pct    86-91 days
+                           5.00 pct   92-176 days
+                           5.83 pct  177-183 days
+                           5.00 pct  184-360 days
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4757" NEWID="15579">
+<DATE> 9-APR-1987 10:40:26.19</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1122&#31;reute
+r f BC-FREDDIE-MAC-ADJUSTS-S   04-09 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREDDIE MAC ADJUSTS SHORT-TERM DISCOUNT RATES</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Federal Home Loan Mortgage Corp
+adjusted the rates on its short-term discount notes as follows:
+   MATURITY   RATE       OLD RATE  MATURITY
+    33 days   6.00 pct   6.00 pct  33 days
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5478" NEWID="15580">
+<DATE> 9-APR-1987 10:40:33.86</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1123&#31;reute
+r f BC-ARGENTINE-GRAIN-BELT   04-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE GRAIN BELT WEATHER REPORT</TITLE>
+<DATELINE>    BUENOS AIRES, ABR 9 - </DATELINE><BODY>ARGENTINE GRAIN BELT TEMPERATURES
+(CENTIGRADE) AND RAIN (MM) IN THE 24 HOURS TO 12.00 GMT WERE:
+    ...............MAX TEMP..MIN TEMP..RAINFALL
+    BUENOS AIRES.......24.......12............0
+    BAHIA BLANCA.......22........7............0
+    TRES ARROYOS.......22........8............0
+    TANDIL.............22........7............0
+    JUNIN..............24.......11............0
+    SANTA ROSA.........--........6............0
+    CORDOBA............23.......12............1
+    SANTA FE...........21.......18...........17 REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5479" NEWID="15581">
+<DATE> 9-APR-1987 10:40:55.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1125&#31;reute
+b f BC-VW-SAYS-480-MLN-MARKS   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW SAYS 480 MLN MARKS MAXIMUM FOR CURRENCY LOSSES</TITLE>
+<DATELINE>    WOLFSBURG, West Germany, April 9 - </DATELINE><BODY>Losses for Volkswagen AG
+&lt;VOWG.F>, VW, linked to an alleged foreign currency fraud will
+not exceed the 480 mln marks provision already made, a VW
+spokesman said.
+    The spokesman was commenting after VW had confirmed it
+would pay an unchanged 10 mark dividend for ordinary shares on
+1986 business, despite the provision.
+    One West German newspaper today quoted foreign currency
+dealers in Frankfurt as speculating that the total losses from
+the currency affair could be as high as 1.5 billion marks, but
+the VW spokesman described 480 mln marks as an "upper limit."
+    VW said in a statement following today's supervisory board
+meeting that it had discussed the foreign currency scandal in
+detail, and was setting up a new probe into its foreign
+currency activities to be carried out by an unnamed auditing
+company.
+    VW has said computer programs were erased and documents
+were faked in the alleged fraud in which it believes
+transactions intended to protect it against possible foreign
+currency losses were not completed.
+    VW's former foreign currency chief Burkhard Junger was
+arrested on Monday on suspicion of embezzlement and of having
+evaded justice.
+    Earlier VW had said that its 1986 results would match 1985
+profits. VW's group net profit in 1985 was 596 mln marks and
+parent company net was 477 mln marks. It also said it recommend
+an unchanged dividend to the supervisory board. The company has
+also set a dividend of 11 marks for new preference shares,
+which were issued last year. Analysts have described the held
+dividend as a move to reassure worried shareholders.
+    VW increased nominal capital by 300 marks last year to 1.5
+billion marks, with the result that its total dividend payment
+on 1986 will be 306 mln marks compared with 240 mln on 1985,
+since the new capital was in preference shares.
+    The share analysts say VW will have to dig into reserves in
+order to maintain the disclosed 1986 profit at 1985 levels. At
+the end of 1985, VW had parent company reserves of slightly
+less than three billion marks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4760" NEWID="15582">
+<DATE> 9-APR-1987 10:44:42.54</DATE>
+<TOPICS><D>wheat</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1140&#31;reute
+u f BC-/YUGOSLAVIA-TO-TENDER   04-09 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA TO TENDER FOR 100,000 TONNES WHEAT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Yugoslavia will tender April 14 for
+100,000 tonnes of wheat, the U.S. Agriculture Department's
+Counselor in Belgrade said in a field report.
+    The report, dated April 7, said the wheat must be from 1986
+and 1987 harvest, and imports of soft wheat from Europe and
+from other suppliers will not be considered.
+    It said the imports will be used to rebuild the federal
+reserves and as a result will not be subject to import
+surcharges.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5481" NEWID="15583">
+<DATE> 9-APR-1987 10:46:14.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1146&#31;reute
+b f BC-******FEDERATED-DEPAR   04-09 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FEDERATED DEPARTMENT STORES MARCH SALES UP 4.9 PCT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4762" NEWID="15584">
+<DATE> 9-APR-1987 10:46:32.50</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1147&#31;reute
+r f BC-PRICES-GENERALLY-LOWE   04-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRICES GENERALLY LOWER AT NAIROBI COFFEE AUCTION</TITLE>
+<DATELINE>    NAIROBI, April 9 - </DATELINE><BODY>Prices were lower at this week's coffee
+auction for all grades and qualities except better quality AB
+grades, which held steady, the Coffee Board of Kenya said.
+    The board said it offered 35,000 bags and sold 32,876.
+    So far this coffee year, Kenya has sold 918,707 bags to all
+markets, of which 326,182 are for the 1986/7 pool, with an
+overall average price of 41,500 shillings a tonne, it added.
+    The board will offer 35,000 bags at its next auction on
+April 14.
+          BAGS                PRICE PER 50 KG
+      OFFERED SOLD        AVERAGE
+ PB      430   430   2304.78 (2267.21)
+ AA     7289  6834   2292.92 (2358.96)
+ AB    12664 11895   2289.99 (2291.13)
+ C      3198  2867   2073.15 (2107.64)
+ T       876   876   1508.79 (1510.67)
+ TT     1375  1375   2053.25 (2095.64)
+ E       159   159   2250.19 (2252.18)
+ MISC   9009  8440   1409.50 (1398.60)
+ TOTAL 35000 32876     AVERAGE FOR SALE      2014.93 (1994.94)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4763" NEWID="15585">
+<DATE> 9-APR-1987 10:47:44.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1153&#31;reute
+u f BC-ALEX.-BROWN-&lt;ABSB>-SE   04-09 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALEX. BROWN &lt;ABSB> SETS SPLIT, TO OFFER SHARES</TITLE>
+<DATELINE>    BALTIMORE, April 9 - </DATELINE><BODY>Alex. Brown Inc said it has declared a
+three-for-two stock split, payable May 29, record May 22.
+    The company also said it has filed to offer 912,000 common
+shares, including 162,000 to be sold by a shareholder, with
+company proceeds to be used for working capital and general
+corporate purposes.  Its Alex. Brown and Sons Inc subsidiary is
+lead underwriter.
+    The offering is expected to be made before the record date
+of the split, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5484" NEWID="15586">
+<DATE> 9-APR-1987 10:48:33.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1159&#31;reute
+u f BC-JAMESWAY-&lt;JMY>-MARCH   04-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMESWAY &lt;JMY> MARCH SALES UP 15 PCT</TITLE>
+<DATELINE>    SECAUCUS, N.J., April 9 - </DATELINE><BODY>Jamesway Corp said sales for the
+five weeks ended April Four were up 15 pct to 54.1 mln dlrs
+from 47.1 mln dlrs a year before, with same-store sales up four
+pct.
+    The company said sales for the first nine weeks of its
+fiscal year were up 14 pct to 85.8 mln dlrs from 75.1 mln dlrs
+a year before, with same-store sales up four pct.
+    It noted that Easter sales will fall in April this year,
+instead of March as last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5485" NEWID="15587">
+<DATE> 9-APR-1987 10:49:45.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1165&#31;reute
+u f BC-FEDERATED-DEPARTMENT   04-09 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED DEPARTMENT STORES &lt;FDS> MARCH SALES UP</TITLE>
+<DATELINE>    CINCINNATI, April 9 - </DATELINE><BODY>Federated Department Stores Inc said
+sales for the five weeks ended April Four were up 4.9 pct to
+934.9 mln dlrs from 891.6 mln dlrs a year before.,
+    The company said sales for the first two months of its
+fiscal year were up 6.8 pct to 1.65 billion dlrs from 1.55
+billion dlrs a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4766" NEWID="15588">
+<DATE> 9-APR-1987 10:50:04.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1167&#31;reute
+u f BC-ZAYRE-&lt;ZY>-MARCH-SALE   04-09 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAYRE &lt;ZY> MARCH SALES UP 12.7 PCT</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., April 9 - </DATELINE><BODY>Zayre Corp said sales for the
+five weeks ended April Four were up 12.7 pct to 522.3 mln dlrs
+from 463.5 mln dlrs a year before.
+    The company said sales for the first nine weeks of its
+fiscal year were up 17.4 pct to 849.3 mln dlrs from 723.7 mln
+dlrs a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4767" NEWID="15589">
+<DATE> 9-APR-1987 10:50:22.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1168&#31;reute
+u f BC-AMR-&lt;AMR>-UP-ON-SMITH   04-09 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMR &lt;AMR> UP ON SMITH BARNEY OPINION</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>AMR Corp, the parent of American
+Airlines, rose sharply in active trading after analyst Roland
+Moreno of Smith Barney upgraded his opinion of the stock to buy
+from accumulate and added it to the brokerage house's
+recommended list, traders said.
+    AMR climbed 1-3/8 to 55-5/8.
+    A spokeswoman for Smith Barney said the recommendation was
+made because the airline group looks cheap relative to the
+broad market and the analyst feels AMR is the best in the
+group.
+    In a related action, Moreno downgraded his opinion of UAL
+Inc &lt;UAL> to accumulate from buy and took it off the firm's
+recommended list, Smith Barney's spokeswoman said. The stock
+slipped 1/2 to 71-1/2 on volume of 1.3 mln shares.
+    She said the Moreno's downgrade of UAL was because the
+"stock had risen to a level beyond what current fundamentals
+can support." The stock has risen more on merger speculation
+than on fundamentals, the opinion continued.
+    In recent weeks, rumors UAL stock was being accumulated for
+a possible takeover bid shored up the stock, traders and
+analysts said. In addition, pilots of UAL's United Airlines
+unit proposed a buyout of the airline for 4.5 billion dlrs.
+    The Smith Barney spokeswoman said the postive
+recommendation of AMR emphasizes the company's strong marketing
+ability, its good management and customer loyalty to the AMR
+name. She said the company has been the best financial
+performer of the airline group.
+    The AMR recommendation includes earnings expectations of
+4.35 dlrs a share in 1987 as compared to earnings of 4.63 dlrs
+a share last year, the spokeswoman said. In 1988, the company
+is expected to earn six dlrs a share.
+    Traders said other airline stocks moved higher today
+primarily as a result of fare hikes announced Wednesday by
+Texas Air &lt;TEX>, United Airlines and AMR.
+    Delta &lt;DAL> rose 1/2 to 56-7/8, NWA Inc &lt;NWA> 3/8 to 66,
+and Pan Am &lt;PN> 1/8 to 4-5/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4768" NEWID="15590">
+<DATE> 9-APR-1987 10:50:33.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1169&#31;reute
+u f BC-HIGHLAND-SUPERSTORES   04-09 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGHLAND SUPERSTORES INC &lt;HIGH> 4TH QTR NET</TITLE>
+<DATELINE>    TAYLOR, MICH., April 9 - </DATELINE><BODY>Period ended Jan 31
+    Shr 38 cts vs 61 cts
+    Net 7,012,000 vs 11,193,000
+    Revs 223.0 mln vs 200.3 mln
+    Year
+    Shr 1.11 dlrs vs 1.36 dlrs
+    Net 20,214,000 vs 23,602,000
+    Revs 656.5 mln vs 520.5 mln
+    Avg shrs 18,257,631 vs 17,376,480
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5489" NEWID="15591">
+<DATE> 9-APR-1987 10:50:41.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1170&#31;reute
+r f BC-LVI-GROUP-&lt;LVI>-TO-MA   04-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LVI GROUP &lt;LVI> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>LVI Group Inc said it has agreed in
+principle to purchase all outstanding shares of &lt;Spectrum
+Holding Corp> for a proposed 13 mln dlrs in cash.
+    LVI said an additional 10 mln dlrs in common stock and
+seven mln dlrs in notes will become payable if Spectrum has
+certain minimum future earnings.
+    LVI, an interior construction firm, said the acquisition is
+subject to execution of a definitive agreement and completion
+of due diligence.
+    LVI and Spectrum, an asbestos abatement concern, expect to
+close the deal in June, LVI said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4770" NEWID="15592">
+<DATE> 9-APR-1987 10:50:59.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1171&#31;reute
+r f BC-MACGREGOR-&lt;MGS>-UNIT   04-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACGREGOR &lt;MGS> UNIT FILES TO OFFER SHARES</TITLE>
+<DATELINE>    EAST RUTHERFORD, N.J., April 9 - </DATELINE><BODY>MacGregor Sporting Goods
+Inc said its wholly-owned MacGregor Team Sports Inc subsidiary
+has filed for an initial public offering of two mln common
+shares at an expected price of 11 to 14 dlrs a share.
+    The company said after the offering it would continue to
+own 8,800,000 shares or at least an 80 pct interest, since
+McGregor Team Sports has granted underwriters an option to buy
+another 200,000 shares to cover overallotments.
+    E.F. Hutton Group Inc &lt;EFH> is lead underwriter.
+    The company said proceeds will be uysed to reduce debt.
+    The company said MacGregor Team Sports consists of its
+Riddell Inc football helmet producing unit, its Sports
+Specialties Corp sport cap distributing unit and Equilink
+Licensing Corp, which licenses MacGregor trademarks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5491" NEWID="15593">
+<DATE> 9-APR-1987 10:51:18.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1174&#31;reute
+r f BC-TEXAS-AMERICAN-&lt;TAE>   04-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AMERICAN &lt;TAE> OMITS PREFERRED PAYOUT</TITLE>
+<DATELINE>    MIDLAND, Texas, April 9 - </DATELINE><BODY>Texas American Energy Corp said
+its board has decided to again omit the quarterly dividend on
+its 2.575 dlr cumulative convertible exchangeable preferred
+stock.
+    The dividend would have been payable May One.  The company
+last paid 64.3 cts a share on the issue in August 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4772" NEWID="15594">
+<DATE> 9-APR-1987 10:51:23.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1175&#31;reute
+r f BC-VORNADO-INC-&lt;VNO>-4TH   04-09 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VORNADO INC &lt;VNO> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    GARFIELD, N.J., April 9 -
+    </DATELINE><BODY>Shr 1.64 dlrs vs 1.56 dlrs
+    Net 4,583,000 vs 5,313,000
+    Revs 20.1 mln vs 19 mln
+    Avg shrs 2.8 mln vs 3.4 mln
+    Year
+    Shr 5.06 dlrs vs 5.92 dlrs
+    Net 16 mln vs 20.3 mln
+    Revs 74.6 mln vs 68 mln
+    Avg shrs 3.2 mln vs 3.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5493" NEWID="15595">
+<DATE> 9-APR-1987 10:51:40.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1177&#31;reute
+u f BC-BRENDA-MINES-SELLING   04-09 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRENDA MINES SELLING KERR ADDISON SHARES</TITLE>
+<DATELINE>    TORONTO, April 9 - </DATELINE><BODY>&lt;Brenda Mines Ltd> said it sold
+2,830,390 &lt;Kerr Addison Mines Ltd> shares to a group of
+underwriters led by Wood Gundy Inc and Brown, Baldwin Nisker
+Ltd for redistribution.
+    Financial terms were undisclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4774" NEWID="15596">
+<DATE> 9-APR-1987 10:52:13.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1180&#31;reute
+r f BC-PHOENIX-FINANCIAL-&lt;PH   04-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOENIX FINANCIAL &lt;PHFC> BUYS DATA ACCESS STAKE</TITLE>
+<DATELINE>    BLACKWOOD, N.J., April 9 - </DATELINE><BODY>Data Access Systems Inc said
+chairman David Cohen has sold 1,800,000 common shares to
+Phoenix Financial corp for undisclosed terms and resigned as
+chairman and chief executive officer.
+    The company said Phoenix Financial now has a 27 pct
+interest in Data Access and effective control.
+    Data Access said Phoenix chairman Martin S. Ackerman has
+been named chairman of Data Access as well and two other
+Phoenix representatives have been named to the Data Access
+board.  It said four directors other than Cohen have resigned
+from the board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5495" NEWID="15597">
+<DATE> 9-APR-1987 10:52:23.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1181&#31;reute
+r f BC-HEALTH-AND-REHABILITA   04-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH AND REHABILITATION &lt;HRP> INITIAL PAYOUT</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., April 9 - </DATELINE><BODY>Health and Rehabilitation
+Properties Trust said it declared an intitial dividend of 55
+cts per share for the period ending March 31, 1987
+    The dividend will be payed May 20 to shareholders of record
+on April 20, the company said.
+    The company said it organized in late 1986 and closed its
+intitial public offering of shares Dec 23, 1986.
+    The initital dividend includes five cts attributable to the
+period between Dec 23 and 31, 1986, and 50 cts attributable to
+the first qtr of 1987, ending March 31, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4776" NEWID="15598">
+<DATE> 9-APR-1987 10:52:28.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1182&#31;reute
+r f BC-T.-ROWE-PRICE-&lt;TROW>   04-09 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>T. ROWE PRICE &lt;TROW> SEES HIGHER FIRST QUARTER</TITLE>
+<DATELINE>    BALTIMORE, April 9 - </DATELINE><BODY>T. Rowe Price Associates said its
+first quarter earnings rose about 50 pct from the year-ago
+2,634,000 dlrs and revenues about 30 pct from the year-ago 24.2
+mln dlrs.
+    It said it expects "very good" earnings and revenue growth
+this year.  In 1986 it earned 14.8 mln dlrs on revenues of
+111.1 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5497" NEWID="15599">
+<DATE> 9-APR-1987 10:52:47.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1183&#31;reute
+d f BC-CRAY-&lt;CYR>-GETS-6.6-M   04-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAY &lt;CYR> GETS 6.6 MLN DLRS ORDER FROM BP &lt;BP></TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., April 9 - </DATELINE><BODY>Cray Research Inc said
+British Petroleum ordered a CRAY X-MP/24 supercomputer valued
+at about 6.6 mln dlrs.
+    The leased system will be installed at BP Exploration Co
+Ltd's London headquarters in the fourth quarter of 1987,
+pending export license approval, it said.
+    The CRAY X-MP/24 will replace a CRAY X-MP/12 supercomputer
+in operation since 1985, it added.
+    Separately, the company said that a CRAY X-MP/24 system
+valued at 8.5 mln dlrs was installed at Lockheed Missiles and
+Space Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4778" NEWID="15600">
+<DATE> 9-APR-1987 10:52:56.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1184&#31;reute
+u f BC-GENERAL-PARTNERS-CUTS   04-09 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL PARTNERS CUTS STAKE IN GENCORP &lt;GY></TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>General Partners told the Securities
+and Exchange Commission it has reduced its stake in GenCorp Inc
+to 8.6 pct, from 9.8 pct, by selling 250,000 shares at a price
+equal to 118.5 dlrs per share.
+    General Partners, which includes GC Holdings Inc and
+General Acquisitions Inc, said yesterday it was dropping its
+100-dlr-a-share hostile takeover bid for GenCorp because of
+GenCorp's move to buy back its shares for up to 130 dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5499" NEWID="15601">
+<DATE> 9-APR-1987 10:53:07.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1185&#31;reute
+h f BC-HERITAGE-FINANCIAL-SE   04-09 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERITAGE FINANCIAL SERVICES &lt;HERS> 1ST QTR NET</TITLE>
+<DATELINE>    BLUE ISLAND, ILL., April 9 -
+    </DATELINE><BODY>Shr 45 cts vs 43 cts
+    Net 1,503,000 vs 938,000
+    Avg shrs 3,358,664 vs 2,158,664
+    NOTE: Company had its initial public offering of 1,200,000
+shares in October, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4780" NEWID="15602">
+<DATE> 9-APR-1987 10:54:31.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1192&#31;reute
+r f BC-NATIONAL-COMPUTER-&lt;NL   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL COMPUTER &lt;NLCS> SEES EARNINGS GROWTH</TITLE>
+<DATELINE>    MINNEAPOLIS, April 9 - </DATELINE><BODY>National Computer Systems Inc
+expects fiscal year earnings to improve by about 20 pct, the
+company told analysts, although it said the April 30 first
+quarter should show "down earnings and virtually flat
+revenues."
+    Chairman Charles Oswald said National Computer has taken
+steps to improve margins. He said revenues are expected to
+increase modestly because of the company's decision to downsize
+its leasing business, nonrecurring revenueslast year from a
+one-time Texas teacher assessment project and the impact of the
+discontinuance of products last year.
+    Oswald said National Computer's first quarter results will
+be down as a result of a major financial systems sales last
+year, a higher effective tax rate and the increased number of
+shares outstanding.
+    The company said the next three consecutive quarters should
+demonstrate "excellent earnings growth."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5501" NEWID="15603">
+<DATE> 9-APR-1987 10:54:55.04</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1194&#31;reute
+f f BC-******U.K.-CHANCELLOR   04-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. CHANCELLOR LAWSON SAYS THERE MAY BE NEED TO CUT
+INTEREST RATES IN SOME COUNTRIES
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4782" NEWID="15604">
+<DATE> 9-APR-1987 10:55:26.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1197&#31;reute
+u f BC-MOBIL'S-&lt;MOB>-MARCH-S   04-09 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL'S &lt;MOB> MARCH SALES UP THREE PCT</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>Mobil Corp said sales of its Montgomery
+Ward and Co subsidiary for the five weeks ended April Four rose
+3.3 pct on a comparable store basis to 332.9 mln dlrs from
+323.2 mln dlrs a year ago.
+    Cumulative sales for the nine week period of February One
+through April Four rose 7.3 pct on a comparable store basis to
+609.6 mln dlrs from 572.2 mln dlrs.
+    It said the number of stores in operation was 295, two more
+than in the same 1986 period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4783" NEWID="15605">
+<DATE> 9-APR-1987 10:56:15.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1200&#31;reute
+u f BC-REXHAM-&lt;RXH>-REPURCHA   04-09 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXHAM &lt;RXH> REPURCHASES STAKE FROM NORTEK &lt;NTK></TITLE>
+<DATELINE>    CHARLOTTE, N.C., April 9 - </DATELINE><BODY>Rexham Corp said it has
+repurchased 381,050 of its shares or 9.1 pct from Nortek Inc
+for 42 dlrs each, and Nortek has withdrawn its proposal to
+acquire Rexham for 43 dlrs per share.
+    Rexham said Nortek has also agreed not to buy Rexham shares
+or take other actions under a 10-year standstill agreement. 
+The Rexham board had rejected the Nortek bid as inadequate.
+    The company also said its board has authorized the
+repurchase in the open market or privately from time to time of
+up to an additional five pct of its own shares and the
+establishment of an Employee Stock Ownership Plan.  The plan is
+expected to purchase from Rexham a new convertible preferred
+stock with 11.5 pct of Rexham's voting power with proceeds of a
+pension plan overfunding and borrowings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5504" NEWID="15606">
+<DATE> 9-APR-1987 10:56:38.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1202&#31;reute
+f f BC-******LAWSON-SAYS-MAJ   04-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LAWSON SAYS MAJOR CENTRAL BANKS WILL INTERVENE AS AND
+WHEN NECESSARY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5505" NEWID="15607">
+<DATE> 9-APR-1987 10:58:42.56</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1206&#31;reute
+u f BC-EXXON-&lt;XON>-CUTS-HEAT   04-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> CUTS HEATING OIL PRICE, TRADERS SAID</TITLE>
+<DATELINE>    NEW YORK, April 9 -- </DATELINE><BODY>Oil traders in the New York area said
+Exxon Corp's Exxon U.S.A. unit reduced the price it charges
+contract barge customers for heating oil in New York harbor
+0.50 cent a gallon, effective today.
+    They said the reduction brings Exxon's contract barge price
+to 49.75. The price decrease follows sharp declines in heating
+oil prices in the spot and futures markets, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4786" NEWID="15608">
+<DATE> 9-APR-1987 10:59:06.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1207&#31;reute
+f f BC-******LAWSON-SAYS-IT   04-09 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LAWSON SAYS IT ESSENTIAL THAT JAPAN DEVELOP DOMESTIC DEMAND
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4787" NEWID="15609">
+<DATE> 9-APR-1987 10:59:58.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1209&#31;reute
+r f BC-KAPOK-CORP-&lt;KPK>-CURE   04-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAPOK CORP &lt;KPK> CURES TECHNICAL DEFAULTS</TITLE>
+<DATELINE>    CLEARWATER, Fla., April 9 - </DATELINE><BODY>Kapok Corp said it has cured
+technical defaults on laons from Southeast Banking Corp &lt;STB>
+and Murray Steinfeld and has negotiated extensions of both
+loans.
+    The company also said it has arranged a one mln dlr loan
+secured by its Fort Lauderdale, Fla., property from Republic
+Bank for Savings of Jackson, Miss., and has sold its Peter Pan
+Restaurant in Urbana, Md., for 1,100,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4788" NEWID="15610">
+<DATE> 9-APR-1987 11:00:08.03</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1210&#31;reute
+r f BC-FHLBB-CHANGES-SHORT-T   04-09 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Federal Home Loan Bank Board
+adjusted the rates on its short-term discount notes as follows:
+    MATURITY   NEW RATE  OLD RATE  MATURITY
+  30-174 days  5.00 pct  5.00 pct   30-174 days
+ 175-190 days  5.88 pct  5.85 pct  175-190 days
+ 191-270 days  5.00 pct  5.00 pct  191-270 days
+ 271-288 days  5.92 pct  5.92 pct  271-288 days
+ 289-360 days  5.00 pct  5.00 pct  289-360 days
+                       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5509" NEWID="15611">
+<DATE> 9-APR-1987 11:00:17.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1211&#31;reute
+d f BC-WEEKLY-CAR-PRODUCTION   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEEKLY CAR PRODUCTION ESTIMATED LOWER</TITLE>
+<DATELINE>    DETROIT, April 9 - </DATELINE><BODY>With seven car assembly plants down this
+week, including six at General Motors Corp &lt;GM>, U.S. carmakers
+are expected to built an estimated 160,111 cars for the week
+ending April 11, down from 177,687 a year ago, said the trade
+publication Ward's Automotive Reports.
+    Year to date, it estimated domestic car output at
+2,334,528, down from 2,442,221 in the same 1986 period.
+    It projected the weeks truck output at 80,168, up from
+72,026 a year earlier. Cumulative truck sales were pegged at
+1,096,732, up from 1,011,029 a year ago.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5510" NEWID="15612">
+<DATE> 9-APR-1987 11:00:45.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1214&#31;reute
+d f BC-CANNON-INT'L-&lt;CAN>-SE   04-09 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANNON INT'L &lt;CAN> SETS PHILIPPINES FILM PACT</TITLE>
+<DATELINE>    LOS ANGELES, April 9 - </DATELINE><BODY>Cannon International said &lt;Viva
+Films International> agreed to exclusively distribute Cannon
+films in the Philippines for the new four years.
+    The company said the agreement covers both theatrical and
+video distribution. Terms were not disclosed.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5511" NEWID="15613">
+<DATE> 9-APR-1987 11:01:08.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1216&#31;reute
+d f BC-&lt;STRATHFIELD-OIL-AND   04-09 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;STRATHFIELD OIL AND GAS LTD> YEAR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, April 9 -
+    </DATELINE><BODY>Shr 46 cts vs 48 cts
+    Net 1,196,331 vs 1,341,314
+    Revs 5,153,109 vs 7,680,350
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4792" NEWID="15614">
+<DATE> 9-APR-1987 11:01:22.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1217&#31;reute
+d f BC-AFP-IMAGING-&lt;AFPC>-SE   04-09 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFP IMAGING &lt;AFPC> SEES HIGHER FISCAL 1987 SALES</TITLE>
+<DATELINE>    ELMSFORD, N.Y., April 9 - </DATELINE><BODY>AFP Imaging Corp said it expects
+revenues to reach about 20 mln dlrs in fiscal 1987, ending June
+31, compared with sales of 16.8 mln dlrs in fiscal 1986.
+    AFP said its products have continue to gain market share in
+the medical, dental and graphic arts industries over the past
+eight months, adding that it will spend "considerable effort"
+now to expand its KENRO pre-press vertical cameras and
+processors.
+    The company, which designs and makes film processing and
+camera equipment for the medical industry, said it plans to be
+a major player in the 10 bln dlr graphics art industry through
+a combination of internal growth and acquisitions.
+    AFP also said it expects KENRO revenues to double during
+the coming fiscal year.
+    AFP said it is exploring the possibility of assembling and
+distributing a line of dental chairs and operatories for an
+unnamed company in the industry. AFP said the move could expand
+its DENT-X dental x-ray processing product presence in the
+dental equipment business whilke adding more factory loading.
+                                         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4793" NEWID="15615">
+<DATE> 9-APR-1987 11:02:11.02</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1222&#31;reute
+b f BC-/-FED-MAY-ADD-RESERVE   04-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED MAY ADD RESERVES TO BANKING SYSTEM</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>The Federal Reserve may intervene in
+the government securities market to supply temporary reserves
+indirectly via customer repurchase agreements, economists said.
+    They said that while the Fed faces no great urgency to add
+reserves at the start of the two-week maintenance period today
+it would probably do so in order to offset a relatively high
+federal funds rate.
+    Fed funds opened at 6-3/16 pct and remained there in early
+trading. Yesterday, they averaged 6.45 pct, after rising as
+high as seven pct at the close.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5514" NEWID="15616">
+<DATE> 9-APR-1987 11:03:05.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1229&#31;reute
+u f BC-DIAMOND-CRYSTAL-&lt;DSLT   04-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND CRYSTAL &lt;DSLT> MIGHT SELL SALT UNIT</TITLE>
+<DATELINE>    ST. CLAIR, Mich., April 9 - </DATELINE><BODY>Diamond Crystal Salt Co said it
+might sell its salt division.
+    The company said it retained First Boston Corp to assist it
+with the possible sale of the division, "assuming a fair price
+and reasonable terms can be obtained."
+    Diamond Crystal said sale of the unit was in the best
+long-term interests of its shareholders.
+    The company also said it incorporated its Packet Products
+Division as of April one. The unit will be an indirect wholly
+owned subsidiary called Diamond Crystal Specialty Foods Inc.
+Current management of the division will remain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5515" NEWID="15617">
+<DATE> 9-APR-1987 11:05:11.68</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1243&#31;reute
+b f BC-/LAWSON-SAYS-SOME-COU   04-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SAYS SOME COUNTRIES COULD CUT RATES</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Nigel Lawson, Britain's Chancellor of
+the Exchequer, said some countries may need to cut interest
+rates with the aim of maintaining exchange rate stability.
+    Speaking to journalists one day after the Group of Seven
+countries reaffirmed goals set in Paris six weeks ago, he said
+central banks would continue to intervene "as and when
+necessary."
+    He said the G-7 countries were concerned that Japan do more
+to stimulate domestic demand and welcomed measures outlined by
+Japanese Finance Minister Kiichi Miyazawa yesterday.
+    Lawson said he was still worried about  the risk of a
+simultaneous recession in the United States, Japan and West
+Germany, though less so than when he gave his March 17 budget
+speech to the British Parliament.
+    "If anything I'm a little bit less concerned, but there is
+still a risk," he said.
+    Asked if the United States should consider increasing
+interest rates to support the dollar, he said, "If there is a
+need for changes in relative interest rates, it doesn't need to
+be a rise in interest rates in the United States."
+    Lawson said there was some concern expressed in yesterday's
+meetings at the slow progress the United States had made in
+reducing its budget deficit.
+    "We believe there will be some worthwhile progress in
+reducing the deficit this year. The important thing is that it
+continue year after year," Lawson said.
+    The February 22 Louvre accord called for efforts to
+stabilize currencies at then-current exchange rates. In the six
+weeks that followed the Japanese yen continued to rise against
+the dollar despite massive central bank intervention.
+    Asked whether this intervention was a sign of weakness in
+the Louvre accord, he said, "I don't think so. If there had been
+no intervention you would have called that a sign of weakness."
+    Although intervention could be a cause of inflation, Lawson
+said, "the world does not appear to be in an inflationary mode
+... but one has to be vigilant."
+    He said yesterday's G-7 statement, which affirmed that
+"current levels" of exchange rates were appropriate, had been
+"carefully worded." "We know what we mean, and we all mean the
+same thing," he said.
+    Lawson said financial markets seem to believe that Japanese
+measures outlined in the Louvre accord were the source of
+weakness for that agreement.
+    Therefore, the G-7 countries welcomed Miyazawa's
+presentation of plans for a supplemental budget to stimulate
+domestic demand.
+    They particularly welcomed the goal of an immediate
+increase in public works spending, but Lawson said the package
+also involved a second stage to increase expenditures during
+the second half of this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5516" NEWID="15618">
+<DATE> 9-APR-1987 11:05:49.50</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1248&#31;reute
+u f BC-FRENCH-FREE-MARKET-CE   04-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED</TITLE>
+<DATELINE>    PARIS, April 9 - </DATELINE><BODY>French operators have requested licences
+to export 320,000 tonnes of free market barley, 225,000 tonnes
+of maize, 25,000 tonnes of free market bread-making wheat and
+20,000 tonnes of feed wheat at today's EC tender, trade sources
+said.
+    For the barley, rebates of between 138 and 141.25 European
+currency units (Ecus) per tonne were sought, for maize they
+were between 129.65 and 139 Ecus, for bread-making wheat around
+145 Ecus and for feed wheat around 142.45 Ecus.
+    Barley rebates of up to 138.50 Ecus were requested for a
+total of 40,000 tonnes and at 139 Ecus for 85,000 tonnes.
+    Rebates of up to 130 Ecus per tonne were requested for a
+total of 55,000 tonnes maize and up to 131 Ecus for 105,000
+tonnes, the sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5517" NEWID="15619">
+<DATE> 9-APR-1987 11:07:33.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1259&#31;reute
+u f BC-DAYTON-HUDSON-&lt;DH>-MA   04-09 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAYTON HUDSON &lt;DH> MARCH SALES OFF 4.9 PCT</TITLE>
+<DATELINE>    MINNEAPOLIS, April 9 - </DATELINE><BODY>Dayton Hudson Corp said retail sales
+for the five weeks ended April Four were 791.8 mln dlrs
+compared to 755.6 mln dlrs a year ago. On a comparable store
+basis, it said sales declined 4.9 pct.
+    Sales for the nine months were 1.39 billion dlrs, up from
+1.26 billion dlrs in the same 1986 period. On a comparable
+store basis, the sales rose 1.2 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4798" NEWID="15620">
+<DATE> 9-APR-1987 11:07:44.59</DATE>
+<TOPICS><D>potato</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1260&#31;reute
+d f BC-U.K.-POTATO-FUTURES-T   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. POTATO FUTURES TRADING NOT TO BE SUSPENDED</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Trading on the London potato futures
+market will not be suspended, Richard Harris, Chairman of the
+London Potato Futures Association (LPFA), said in a statement
+to floor members.
+    It was in response to strong representations by the Potato
+Marketing Board (PMB) complaining of a gross distortion of
+price which they say will result in large deliveries into the
+physical market when the April futures position expires.
+    The PMB had sought an immediate suspension in futures
+trading and asked the LPFA to take action to restore the
+relationship between futures and physicals.
+    Farmers and merchants have alleged a squeeze and cornering
+of the market but Harris pointed out that recent investigations
+by the Association of Futures Brokers and Dealers (AFBD), the
+International Commodities Clearing House (ICCH) and other
+parties, found no evidence to substantiate this.
+    The main complaint from some sections of the physical
+market is what they say is an unrealistic futures premium over
+the PMB's average ex-farm price. April futures traded this
+morning between 168 and 170 stg per tonne compared with PMB's
+average price of 104 stg.
+    Bill Englebright, joint secretary of the LPFA said there is
+a two-tier market for physical potatoes. He said quality
+potatoes are in short supply and prepackers have been paying
+between 145 and 165 stg per tonne for best samples. But lesser
+quality grades have traded below 100 stg.
+    Some merchants fear that a large tonnage will be delivered
+against the April futures contract between now and the end of
+the month, and possibly disrupt the physical market.
+    Harris said the LPFA rule book allows the management
+committee to take steps as necessary to correct any malpractice
+and he assured the committee is monitoring the situation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4799" NEWID="15621">
+<DATE> 9-APR-1987 11:09:00.97</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1266&#31;reute
+u f BC-GROUP-OF-10-WELCOMES   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP OF 10 WELCOMES LATEST G-7 AGREEMENT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Group of 10 developed nations
+issued a communique welcoming the reaffirmation of the Paris
+accord on currency stability by the Group of Seven leading
+industrial democracies yesterday.
+    In the communique issued this morning, the G-10 said
+"prospects of member countries' economies would be improved by
+stability in the exchange rates of their currencies."
+    The G-10 includes the group of seven - the United States,
+Canada, Britain, Japan, Italy, West Germany and France - plus
+Belgium, the Netherlands, Sweden and also Switzerland.
+    Sources who attended the G-10 conference this morning said
+the reference to the latest G-7 agreement was especially added
+to the brief communique because currency stability will benefit
+all the G-10 members.
+    The G-10 met briefly before the International Monetary Fund
+Interim Committee meeting scheduled for today.
+.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4800" NEWID="15622">
+<DATE> 9-APR-1987 11:09:18.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1268&#31;reute
+b f BC-CREDIT-NATIONAL-ISSUE   04-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT NATIONAL ISSUES BILLION FRANC CONVERTIBLE</TITLE>
+<DATELINE>    PARIS, April 9 - </DATELINE><BODY>Credit National is issuing a one billion
+franc convertible bond issue in two tranches both paying 8.50
+pct and in 5,000 franc units, lead managers Caisse Nationale de
+Credit Agricole, Union de Garantie et de Placement and Morgan
+et Cie said.
+    Both tranches will be redeemable at the end of their lives
+and both have a payment date of April 27.
+    One seven year tranche will be priced at 99.94 pct. Each
+bond will be convertible on a one-for-one basis for a 8-1/2
+year, 8.50 pct bond priced at 98.76 pct, redeemable at the end
+of its life.
+    This bond will pay a first coupon of 4.25 pct on April 27
+next year and the payment date will be October 27, 1987.
+    A 13-year tranche, priced at 97.74 pct, will also be
+convertible until October 10, 1987 on a one for one basis for a
+8.50 pct, 10-1/2 year year bond priced at 98.08 pct.
+    This bond will pay a first coupon of 212.50 francs on
+October 27 next year and the payment date will be October 27
+this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4801" NEWID="15623">
+<DATE> 9-APR-1987 11:10:12.12</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1271&#31;reute
+u f BC-CANAM-MANAC-WINS-8.5   04-09 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANAM MANAC WINS 8.5 MLN DLR CONTRACT</TITLE>
+<DATELINE>    MONTREAL, April 9 - </DATELINE><BODY>(The Canam Manac Group Inc) said its
+Canam Steel Works unit received a contract valued at 8.5 mln
+dlrs to supply steel trusses to (Canron Inc) for a new car
+plant in Ingersoll, Ontario.
+    Canam Manac said it will produce the trusses at its Quebec
+and Ontario plants and delivery will be completed by August.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5522" NEWID="15624">
+<DATE> 9-APR-1987 11:10:23.91</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1272&#31;reute
+b f BC-SPOT-TIN-EASIER-ON-EU   04-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPOT TIN EASIER ON EUROPEAN FREE MARKET</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Spot tin on the European free market was
+indicated in the easier range 4,200 to 4,230 stg per tonne, for
+high grade metal in warehouse Rotterdam, down 20 stg from
+yesterday's afternoon kerb close.
+    Stability in sterling versus the dollar continued to apply
+pressure to a market which is coming close to testing a
+psychological chart support base at 4,200 stg, traders said.
+    Dealers said major consumers still need to cover their May
+and June requirements but are holding out for even lower
+offers. Reported high grade tin business in London was confined
+to end April metal at 4,225 stg.
+    Small-scale spot business was reported by West German
+operators at 12.60 and 12.63 marks per kilo although the market
+was still being undercut by Chinese material, which traded at
+one stage down to 12.54 marks per kilo, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5523" NEWID="15625">
+<DATE> 9-APR-1987 11:10:59.49</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1274&#31;reute
+u f BC-DOLLAR-ENDS-LOWER-IN   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR ENDS LOWER IN LACKLUSTRE FRANKFURT</TITLE>
+<AUTHOR>    By Allan Saunderson, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, April 9 - </DATELINE><BODY>The dollar drifted down to end one
+pfennig lower after a lacklustre session, held in limits by the
+lack of concrete news from the Group of Seven meeting and
+comments on the edge of the Washington IMF/World Bank meeting.
+    Dealers said the communique early in the European morning
+from the G-7 meeting contained no significant new factors and
+although the dollar dipped it generally resisted further
+attempts to push it lower through the day.
+    The U.S. Currency ended at 1.8270/80 marks, below
+yesterday's last 1.8365/75.
+    Koch said the assessment of the dollar's direction was
+based on a global view, with operators paying most attention to
+comments by finance officials to see how closely they stated
+adherence to international agreements such as those set at the
+Plaza Hotel in 1985 and in Paris on February 22.
+    Koch described the wording of the communique from the G-7
+as "soft as wax."
+    Bundebank vice-president Helmut Schlesinger told Reuters in
+a telephone interview that the German central bank sees no
+current reason to change monetary course at present.
+    Schlesinger was responding to questions following remarks
+yesterday by Bundesbank board member Claus Koehler and West
+Berlin state central bank president Dieter Hiss, which dealers
+said revived some speculation that German interest rate cuts
+may be under consideration.
+    German call money was slightly softer today, at around 3.70
+pct after 3.80 yesterday.
+    Some dealers said rates on new liquidity injections added
+via Bundesbank securities repurchase agreements may be cut next
+week. Hopes of a cut were dashed on Tuesday with an allocation
+at an unchanged 3.80 pct.
+    But speaking of the pact tender rate next week, Schlesinger
+said, "since the central bank council gives its opinion on this
+theme only every 14 days, this is hardly probable."
+    Euromark rates scarcely responded to the central bankers
+comments, with six months funds ending unaltered at around
+3-7/8 pct. Eurodollars for the same maturity rose a fractional
+1/16 pct from yesterday to around 6-11/16 pct.
+    Sterling dipped to end at 2.952/956 marks after 2.960/965
+last night. The Swiss franc firmed slightly to 120.30/45 marks
+per 100 from 120.25/40, with the yen soaring however to
+1.2570/90 marks per 100 from 1.2515/35 yesterday.
+    EMS currencies saw the French franc end unchanged from last
+night at 30.03/06 marks per 100, with the Belgian franc easing
+however to 4.829/831 marks per 100 from 4.831/833.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4803" NEWID="15626">
+<DATE> 9-APR-1987 11:13:42.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1287&#31;reute
+r f BC-CONSOLIDATED-PAPERS-I   04-09 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED PAPERS INC &lt;CPER> 1ST QTR NET</TITLE>
+<DATELINE>    WISCONSIN RAPIDS, WIS., April 9 -
+    </DATELINE><BODY>Shr 1.01 dlrs vs 1.08 dlrs
+    Net 21,983,000 vs 23,434,000
+    Sales 174.9 mln vs 161.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4804" NEWID="15627">
+<DATE> 9-APR-1987 11:14:00.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1288&#31;reute
+r f BC-gandalf   04-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANDALF &lt;GANDF> IN PACT WITH APPAREL COMPUTER</TITLE>
+<DATELINE>    OTTAWA, April 9 - </DATELINE><BODY>Gandalf Technologies Inc said its
+Redifacts division and Apparel Computer Systems Inc of Concord,
+Calif., started a joint marketing effort in industrial data
+collection and dissemination.
+    Financial terms of the agreement were not disclosed.
+    Gandalf said the companies will link software products to
+develop an on-line, real-time payroll information system for
+apparel production factories.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5526" NEWID="15628">
+<DATE> 9-APR-1987 11:14:08.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1289&#31;reute
+r f BC-K-MART-&lt;KM>-OPENS-BAN   04-09 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART &lt;KM> OPENS BANK BRANCHES IN STORES</TITLE>
+<DATELINE>    TAMPA, Fla., April 9 - </DATELINE><BODY>K Mart Corp said it was opening
+branch offices of &lt;First Nationwide Bank> in 21 of its stores
+in Florida.
+    The company said this brings to 57 the number of bank
+branch, which are part of the Nationwide Network, an alliance
+of 40 independent locally managed financial institutions,
+locations in Florida.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4806" NEWID="15629">
+<DATE> 9-APR-1987 11:14:16.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1290&#31;reute
+r f BC-HUMANA-&lt;HUM>-TO-SELL   04-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUMANA &lt;HUM> TO SELL MEDICAL OFFICES</TITLE>
+<DATELINE>    LOUISVILLE, Ky., April 9 - </DATELINE><BODY>Humana Inc said it has agreed in
+principle to sell 68 MedFirst primary medical care facilities
+to &lt;Primedical Corp> for undisclosed terms, with transfers
+taking place over the next four months.
+    It said it retains 37 MedFirst offices, mostly in the
+Chicago area.
+    The transaction is not expected to have any impact on
+earnings, Humana said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4807" NEWID="15630">
+<DATE> 9-APR-1987 11:14:33.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1291&#31;reute
+r f BC-MOODY'S-MAY-DOWNGRADE   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE AMERICAN HEALTHCARE &lt;AHI></TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade American Healthcare Management Inc's 80 mln dlrs
+of 15 pct subordinated notes.
+    Moody's review will focus on prospects for the company's
+operating earnings in view of moderately disappointing results
+in 1986, an increasingly difficult industry environment and the
+possible loss later this year of income from one of American
+Healthcare's most profitable hospitals.
+    The agency said American was unable to renew that
+hospital's lease. Moody's will also study the likelihood of
+American Healthcare reducing debt service requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5529" NEWID="15631">
+<DATE> 9-APR-1987 11:14:45.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1292&#31;reute
+d f BC-MORGAN,-OLMSTEAD,-KEN   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN, OLMSTEAD, KENNEDY &lt;MOKG> NAMES PRES</TITLE>
+<DATELINE>    LOS ANGELES, April 9 - </DATELINE><BODY>Morgan, Olmstead, Kennedy and
+Gardner Capital Corp said Michael Fusco has been named
+president of its securities brokerage and investment banking
+firm, Morgan, Olmstead, Kennedy and Gardner Inc.
+    Fusco formerly was executive vice president of PaineWebber
+Inc.
+    He replaces G. Bryan Herrmann, who will retain his title of
+president of the parent group, and assume the title of vice
+chairman of the parent, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5530" NEWID="15632">
+<DATE> 9-APR-1987 11:14:52.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1293&#31;reute
+d f BC-MET-COIL-SYSTEMS-CORP   04-09 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MET-COIL SYSTEMS CORP&lt;METS> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    CEDAR RAPIDS, IOWA, April 9 -
+    </DATELINE><BODY>Shr seven cts vs nine cts
+    Net 168,000 vs 206,000
+    Sales 15.3 mln vs 10.9 mln
+    Nine mths
+    Shr 10 cts vs 38 cts
+    Net 228,000 vs 649,000
+    Sales 35.8 mln vs 32.5 mln
+    Qtly div three cts vs three cts prior
+    Pay April 30
+    Record April 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4810" NEWID="15633">
+<DATE> 9-APR-1987 11:15:07.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1294&#31;reute
+d f BC-FOOD-N-FUEL-REGISTERS   04-09 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOD-N-FUEL REGISTERS PARTNERSHIP UNIT OFFERING</TITLE>
+<DATELINE>    FORT WORTH, April 9 - </DATELINE><BODY>Food-N-Fuel Partners L.P. said it
+filed a registration statement with the Securities and Exchange
+Commission covering a planned initial offering of 2,575,000
+Class A Units of limited partnership interest.
+    The partnership said the units are expected to be offered
+at 13 to 15 dlrs each next month by underwriters managed by
+Donaldson Lufkin and Jenrette, Rotan Mosle Inc, Lovett Mitchell
+Webb and Garrison Inc and Southwest Securities Inc.
+    Food-N-Fuel said it will use the proceeds and 1,925,000
+Class B Units to acquire convenience stores, self-service
+gasoline outlets and truck stocks, primarily in small
+communities in the Southwestern and Southern United States,
+which the partnership will manage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5532" NEWID="15634">
+<DATE> 9-APR-1987 11:18:20.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1304&#31;reute
+f f BC-******FAORD-HIKES-QTL   04-09 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORD RAISES QTLY PAYOUT 10 CTS/SHR TO 75 CTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4812" NEWID="15635">
+<DATE> 9-APR-1987 11:18:52.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F C Y
+&#22;&#22;&#1;f1307&#31;reute
+r f BC-RANGER-&lt;RGO>-SETS-TER   04-09 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RANGER &lt;RGO> SETS TERMS OF EUROBOND OFFER</TITLE>
+<DATELINE>    CALGARY, Alberta, April 9 - </DATELINE><BODY>Ranger Oil Ltd said its
+previously reported public 75 mln U.S. convertible debenture to
+be placed in the European market would mature April 28, 2002,
+bear yearly interest of 6-1/2 pct and have a six U.S. dlr a
+share conversion price.
+    Lead managers are Credit Suisse First Boston Ltd and
+Cazenove and Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4813" NEWID="15636">
+<DATE> 9-APR-1987 11:22:35.82</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1319&#31;reute
+b f BC-/LAWSON-SEES-NO-CHANG   04-09 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SEES NO CHANGE IN U.K. MONETARY POLICY</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>British Chancellor of the Exchequer
+Nigel Lawson said he saw no immediate implications for British
+monetary policy arising from the Group of Seven meeting
+yesterday.
+    "Exchange rate stability is in the U.K.'s interest," he told
+journalists.
+    Asked what it meant for U.K. monetary policy, he said, "No,
+I do not think there are any immediate implications."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5535" NEWID="15637">
+<DATE> 9-APR-1987 11:23:13.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1321&#31;reute
+b f BC-FORD-MOTOR-CO-&lt;F>-RAI   04-09 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD MOTOR CO &lt;F> RAISES QTLY PAYOUT</TITLE>
+<DATELINE>    DEARBORN, Mich., April 9 -
+    </DATELINE><BODY>Qtly div 75 cts vs 65 cts prior
+    Pay June one
+    Record May one
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5536" NEWID="15638">
+<DATE> 9-APR-1987 11:25:03.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1323&#31;reute
+b f BC-STANDARD-ELEKTRIK-ISS   04-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD ELEKTRIK ISSUES AUSTRALIAN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Standard Elektrik Lorenz Finanz BV is
+issuing a 40 mln Australian dlr eurobond due May 11, 1990
+paying 14-1/4 pct and priced at 101-1/2 pct, lead manager
+Credit Suisse First Boston Ltd said. It is guaranteed by
+Standard Elektrik Lorenz AG.
+    The non-callable bond is available in denominations of
+1,000 and 5,000 Australian dlrs and will be listed in
+Luxembourg. The selling concession is one pct while management
+and underwriting combined pays 1/2 pct.
+    The payment date is May 11.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4816" NEWID="15639">
+<DATE> 9-APR-1987 11:26:15.27</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1328&#31;reute
+u f BC-TALKING-POINT/STEEL-C   04-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/STEEL COMPANIES</TITLE>
+<AUTHOR>    By Steven Radwell, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Steel stocks, which have had a healthy
+runup recently, still present some short term investment
+opportunities, according to some steel analysts.
+    But others say the upturn, based on strong orders and firm
+prices this spring, has been strictly seasonal and will end
+soon. They recommend taking profits.
+    "It's that time of year. This is strictly seasonal," said
+Charles Bradford of Merrill Lynch and Co. "Orders will be
+strong for about two months, and there are signs that some
+(order rates) are starting to dive already."
+    But Dean Witter Reynolds Inc analyst Clarence Morrison sees
+some short-term potential in the group, which includes USX Corp
+&lt;X>, Bethlehem Steel Corp &lt;BS>, Armco Inc &lt;AS> and Inland Steel
+Industries Inc &lt;IAD>.
+    "There is still some attractiveness to steels over the
+short- to intermediate-term based on improved order rates and
+rising prices," Morrison said. He only recommends one stock,
+however, Inland, which is modernizing steelmaking operations to
+make them more efficient.
+    Despite his bearishness, Merrill's Bradford continues to
+recommend Armco, which he sees as a major turnaround.
+    Armco's steelmaking operations are profitable, the balance
+sheet has been improved, and its oilfield equipment business
+has been slimmed and put in a joint venture with USX, Bradford
+noted. "It's not a high-quality investment situation yet but
+they've come a long way," he said.
+    "We think the stock will do moderately better than the
+market," he said. Armco shares, trading off 1/4 at 10 today,
+could go to 12, and possibly as high as 15, he said.
+    Bradford sees Armco earning 50 to 75 cts a share in 1987,
+before special gains from recouped investment tax credits,
+against losses last year.
+    Armco's 1988 earnings could be significantly higher, he
+said.
+    Bradford is recommending sale of USX shares. "We had a buy
+on it below 20 but when it gets to 28, let somebody else have
+it," he said.
+    The steel and energy concern will earn about one dlr a
+share in 1987, about half of that coming from asset sales, and
+from two dlrs to 2.50 dlrs in 1988, Bradford said. "But a lot
+depends on oil prices," he added. About 60 pct of USX's sales
+come from oil and natural gas.
+    Other analysts, including Michelle Galanter Applebaum of
+Salomon Brothers Inc, recommend USX. "The company's done a lot
+(of restructuring), more than the market's given them credit
+for," she said.
+    She sees the stock going to the mid 30s or higher. USX was
+trading up 1/8 at 28-1/2. She predicts USX will earn 18 cts a
+share this year and 2.73 dlrs next year against large losses in
+1986.
+    Applebaum, who is also positive on Armco and Inland, has
+been recommending the stocks since last November.
+    Peter Marcus of Painewebber Inc is neutral on the group
+although he said the earnings outlook is improved through the
+third quarter.
+    But he sees potential trouble beyond then. "I think (steel)
+prices on a bookings basis will start to drop by the summer,"
+he said.
+    Applebaum of Salomon Brothers also sees some seasonal
+dropoff later in the year. "But there are more positives than
+negatives," she said, citing reduced capacity in the domestic
+industry, better prices, and a weaker dollar, which should
+cause steel imports to drop off slightly from last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5538" NEWID="15640">
+<DATE> 9-APR-1987 11:27:02.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1334&#31;reute
+u f BC-DEKALB-CORP-&lt;DKLBB>-2   04-09 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEKALB CORP &lt;DKLBB> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    DEKALB, ILL., April 9 -
+    </DATELINE><BODY>Shr 20 cts vs 14 cts
+    Net 2.4 mln vs 1.7 mln
+    Revs 136.7 mln vs 174.4 mln
+    Six Mths
+    SDhr 72 cts vs 82 cts
+    Net 8.6 mln vs 9.9 mln
+    Revs 212.5 mln vs 268.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4818" NEWID="15641">
+<DATE> 9-APR-1987 11:28:43.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1343&#31;reute
+r f BC-ABBOTT-&lt;ABT>-SEES-GAI   04-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABBOTT &lt;ABT> SEES GAINS FROM WEAKER DOLLAR</TITLE>
+<DATELINE>    NORTH CHICAGO, ILL., April 9 - </DATELINE><BODY>Abbott Laboratories Inc said
+its 1987 first quarter record results reflected continued
+productivity improvement, higher volume, better product mix and
+a weaker U.S. dollar.
+    Abbott reported 1987 first quarter earnings rose to a
+record 142 mln dlrs or 62 cts a share on record sales of one
+billion dlrs.
+    Research and development expenses, most of which was
+applied to diagnostic and pharmaceutical products, increased by
+23 pct to 78 mln dlrs, it said.
+    Sales of pharmaceutical and nutritional products were 548
+mln dlrs in the first quarter, up 17.6 pct over a year ago,
+Abbott said. Hospital and laboratory product sales in the first
+quarter rose 14.1 pct to 456 mln dlrs, it said.
+    First quarter sales in domestic markets advanced 11.5 pct
+to 688 mln dlrs while international sales jumped 27.1 pct to
+316 mln dlrs, Abbott said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4819" NEWID="15642">
+<DATE> 9-APR-1987 11:29:06.39</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;LQ
+&#22;&#22;&#1;f1346&#31;reute
+u f BC-wkly-e-dist-beef-trde   04-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTERN DISTRIBUTIVE BEEF TRADE WEEKLY - USDA</TITLE>
+<DATELINE>    North Brunswick, NJ, Apr  9 - </DATELINE><BODY>Demand good for moderate
+supplies of most beef cuts, However, limited interest noted for
+tenderloins/flank steaks. Yield grade 2-3 beef cuts, fabricated
+items, vacuum packed.
+                          LBS    CHOICE
+ ROUND CUTS -steady/up 11.00                 
+ 160 round, part bnls     50-85  few 137
+ 161 round, bnls          42-80  few 147
+ 161 diamond cut          49-85  few 149
+ 167 knuckle               8-15  few 148
+ 167a knuckle, peeled      8-15  few 163
+ 168 top inside round     14-26  165-175
+ 170 bottom gooseneck rnd 18-33  131-135
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5541" NEWID="15643">
+<DATE> 9-APR-1987 11:29:23.19</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1347&#31;reute
+u f BC-/BRAZIL-COTTON-CROP-L   04-09 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL COTTON CROP LOWER -- USDA REPORT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Brazil's 1986/87 cotton crop estimate
+has been reduced to 710,000 from 735,000 tonnes (lint basis),
+the U.S. Agriculture Department's officer in Sao Paulo said in
+a field report.
+    The report, dated April 7, said the reduction is based on
+an expected smaller harvest in the center-south region.
+    The center-south crop is now estimated at 550,000 tonnes --
+25,000 tonnes below the previous estimate.
+    Hot, dry weather during part of January and excessive rains
+in some areas in February reduced yield prospects and may have
+affected quality, the report said.
+    Nearly 60 pct of the crop has been harvested in Parana and
+slightly less in Sao Paulo, it said. Cotton entering gins is of
+fairly good quality, according to trade sources, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4821" NEWID="15644">
+<DATE> 9-APR-1987 11:30:06.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1352&#31;reute
+r f BC-US-SPRINT-COMPLETES-S   04-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US SPRINT COMPLETES SECOND FIBER OPTIC ROUTE</TITLE>
+<DATELINE>    KANSAS CITY, Mo., April 9 - </DATELINE><BODY>US Sprint, a joint venture of
+GTE Corp &lt;GTE> and United Telecommunications Inc &lt;UT>, said its
+second transcontinental fiber-optic route now is fully
+operational.
+    "The cable placement was completed in mid-March abd
+commercial traffic began moving on the route April 1," Charles
+Skibo, US Sprint president, said.
+    The new Southern route network runs from Los Angeles to
+Fairfax, S.C., US Sprint said, adding it plans a third route in
+the North from New York to Seattle.
+    US Sprint completed its first route, known as the Central
+route, in October 1986.
+    The company also said its customer base now exceeds five
+mln customers. When it was formed in June 1986 it had 2.7 mln
+customers, US Sprint said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4822" NEWID="15645">
+<DATE> 9-APR-1987 11:30:17.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1353&#31;reute
+r f BC-COMBUSTION-ENGINEERIN   04-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMBUSTION ENGINEERING &lt;CSP> IN PUBLIC OFFERING</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Combustion Engineering Inc said it will
+offer four mln shares of its common stock at 33.75 dlrs per
+share.
+    It said the U.S. offering will be underwritten by Salomon
+Brothers Inc, The First Boston Corp and Goldman Sachs and Co
+Inc. The underwriters have been granted an option to purchase
+up to an additional 600,000 shares to cover over-allotments.
+    Concurrent with this offering, 500,000 shares of common
+stock are being sold at the same price in Europe.
+    Proceeds of the sales will be used to repay short-term debt
+incurred to finance the acquisition of AccuRay Corp in January
+1987 and certain associated costs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4823" NEWID="15646">
+<DATE> 9-APR-1987 11:31:11.77</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1358&#31;reute
+f f BC-******TREASURY'S-BAKE   04-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS TRADE, CURRENT ACCOUNT IMBALANCES "SIMPLY NOT SUSTAINABLE"
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4824" NEWID="15647">
+<DATE> 9-APR-1987 11:31:38.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1361&#31;reute
+b f BC-***FIRST-INTERSTATE-B   04-09 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST INTERSTATE BANCORP SETS FRANCHISE AGREEMENTS WITH BANKS IN LOUISIANA, WASHINGTON, D.C.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4825" NEWID="15648">
+<DATE> 9-APR-1987 11:31:50.94</DATE>
+<TOPICS><D>corn</D><D>grain</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1362&#31;reute
+b f BC-EC-authorises-export   04-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EC AUTHORISES EXPORT 55,000 TONNES MAIZE,  MAXIMUM REBATE 130 ECUS/TONNE - TRADE SOURCES.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4826" NEWID="15649">
+<DATE> 9-APR-1987 11:32:44.22</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1368&#31;reute
+b f BC-EC-authorises-export   04-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EC AUTHORISES EXPORT 65,000 TONNES BARLEY,  MAXIMUM REBATE 138.75 ECUS - BRUSSELS TRADE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4827" NEWID="15650">
+<DATE> 9-APR-1987 11:36:40.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1389&#31;reute
+b f BC-IRAN-SAYS-IT-OPENS-NE   04-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAYS IT OPENS NEW OFFENSIVE NORTH OF BAGHDAD</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Iran said it launched a fresh offensive
+today north of Baghdad, three days after it began a new thrust
+against Iraq on the southern Gulf war front.
+    The Iranian news agency IRNA, received in London, said the
+offensive began before dawn northeast of Qasr-e-Shirin, on the
+border 110 miles northeast of the Iraqi capital.
+    "Heavy casualties and losses have been inflicted on Iraqi
+forces in the fresh Iranian assault," IRNA said.
+    Iran today reported major gains on the southern front near
+the major Iraqi port city of Basra, saying its forces had
+captured an important defensive line.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4828" NEWID="15651">
+<DATE> 9-APR-1987 11:36:43.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1390&#31;reute
+f f BC-******RJR-NABISCO-FIR   04-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RJR NABISCO FIRST QUARTER NET TO INCLUDE 208 MLN DLR GAIN, 209 MLN DLR CHARGE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4829" NEWID="15652">
+<DATE> 9-APR-1987 11:37:00.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1391&#31;reute
+b f BC-BERLINER-BANK-ISSUES   04-09 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERLINER BANK ISSUES 50 MLN AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Berliner Bank AG Berlin is issuing a 50
+mln Australian dlr eurobond due November 13, 1990 paying 14-1/4
+pct and priced at 101-1/2 pct, lead manager Banque Paribas
+Capital Markets said.
+    The non-callable bond is available in denominations of
+1,000 Australian dlrs and will be listed in Luxembourg. The
+selling concession is one pct while management and underwriting
+combined pays 5/8 pct.
+    The payment date is May 13 and there will be a long first
+coupon period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4830" NEWID="15653">
+<DATE> 9-APR-1987 11:38:21.78</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1393&#31;reute
+b f BC-BRAZILIAN-COCOA-EXPOR   04-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL COCOA EXPORTERS UNLIKELY TO LIMIT SALES</TITLE>
+<DATELINE>    RIO DE JANEIRO, APRIL 9 - </DATELINE><BODY>Brazilian cocoa exporters are not
+likely to follow the example of Cocoa Producers Alliance, CPA,
+members, who may limit sales of the product in an effort to
+boost world prices, trade sources said.
+    They said a similar procedure was taken in the past in
+Brazil and that it did not work out according to plans.
+    "The cocoa market is completely free. Unlike coffee, which
+is controlled through export registrations, cocoa exporters in
+Brazil operate at their own free will," a trade source said.
+    The traders were responding to questions whether they would
+follow the example of CPA members meeting in Yaounde.
+    The sources said the Banco do Brasil's Foreign Trade
+Department, CACEX, never interferes in the cocoa market by
+rejecting sales that do not meet certain price or shipment
+criteria.
+    "The position of local producers is always to negotiate as
+they please. If they buy for ten and sell for eleven and think
+it's a good deal, they are free to go ahead," one source added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4831" NEWID="15654">
+<DATE> 9-APR-1987 11:38:41.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1394&#31;reute
+b f BC-******U.S.-HOUSE-OF-R   04-09 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. HOUSE OF REPRESENTATIVES DEFEATS REAGAN'S 1988 BUDGET
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4832" NEWID="15655">
+<DATE> 9-APR-1987 11:41:38.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1402&#31;reute
+r f BC-HEALTH/REHABILITATION   04-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH/REHABILITATION &lt;HRP> SETS FIRST PAYOUT</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., April 9 - </DATELINE><BODY>Health and Rehabilitation
+Properties Trust said its board declared an initial dividend of
+55 cts, including 50 cts for the first quarter just ended and
+five cts from its initial operating period that began December
+23.
+    The dividend is payable May 30, record April 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4833" NEWID="15656">
+<DATE> 9-APR-1987 11:42:06.54</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1404&#31;reute
+b f BC-/U.S.-TREASURY'S-BAKE   04-09 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY'S BAKER SAYS RATE SHIFTS ORDERLY</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Treasury Secretary James Baker said
+that changes in exchange rates have generally been orderly and
+have improved the prospects for a reduction in external
+imbalances to more sustainable levels.
+    In remarks before the IMF's policy-making Interim
+Committee, Baker reiterated a Group of Seven statement last
+night that the substantial exchange rate changes since the
+Plaza agreement 18 months ago have "now brought currencies
+within ranges broadly consistent with economic fundamentals."
+    Baker said, "These exchange rate shifts have generally been
+orderly, and have improved prospects for the reduction of
+external imbalances to more sustainable levels."
+    As they are today, the trade and current account imbalances
+"simply are not sustainable," Baker told the ministers.
+    He said that the Reagan administration was resisting "strong
+domestic pressure" for trade protection and was working closely
+with the U.S. Congress in crafting a trade bill.
+    "While we cannot yet be sure of the outcome, we are doing
+what we can to ensure that the bill is not protectionist," he
+said.
+    Baker also urged the International Monetary Fund's
+executive board to review possible modifications to the Fund's
+compensatory financing facility before the annual meeting this
+fall.
+    "We should pay particular attention to the lack of
+continuing conditionality associated with the use of the CFF
+and to whether shortfalls in export earnings are indeed
+temporary," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4834" NEWID="15657">
+<DATE> 9-APR-1987 11:43:28.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1412&#31;reute
+r f BC-DATA-ARCHITECTS-&lt;DRCH   04-09 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA ARCHITECTS &lt;DRCH> TO TRADE ON AMEX</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>The American Stock Exchange said Data
+Architects Inc common will begin trading on the exchange
+tomorrow under the symbol &lt;DAI>.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4835" NEWID="15658">
+<DATE> 9-APR-1987 11:45:11.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1417&#31;reute
+u f BC-IRAN-SAYS-IT-OPENS-NE   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAYS IT OPENS NEW OFFENSIVE NORTH OF BAGHDAD</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Iran said it launched a fresh offensive
+today north of Baghdad, three days after it began a new thrust
+against Iraq on the southern Gulf war front.
+    The Iranian news agency IRNA, received in London, said the
+offensive began before dawn northeast of Qasr-e-Shirin, on the
+border 110 miles northeast of the Iraqi capital.
+    "Heavy casualties and losses have been inflicted on Iraqi
+forces in the fresh Iranian assault," IRNA said.
+    Iran today reported major gains on the southern front near
+the major Iraqi port city of Basra, saying its forces had
+captured an important defensive line.
+    Iraq said today it repelled an Iranian assault near its
+southern port of Basra last night, inflicting thousands of
+casualties on the attackers.
+    An Iraqi field commander told a correspondent of the
+official Iraqi news agency INA that four Iranian divisions were
+destroyed in the fighting. He said "Our forces are still engaged
+in repelling the enemy offensive, inflicting on them intensive
+losses, but (they are) in full control of the situation."
+    A Baghdad war communique last night said Iraq had foiled a
+three-pronged thrust some 10 km from Basra while admitting Iran
+had occupied some fresh territory.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4836" NEWID="15659">
+<DATE> 9-APR-1987 11:46:59.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1426&#31;reute
+r f BC-CONSECO-&lt;CNC>-FILES-T   04-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSECO &lt;CNC> FILES TO OFFER SHARES</TITLE>
+<DATELINE>    CARMEL, Ind., April 9 - </DATELINE><BODY>Conseco Inc said it has filed to
+offer two mln common shares through underwriters led by Sears,
+Roebuck and Co Inc's &lt;S> Dean Witter Reynolds unit.
+    It said the offering is expected to be made in early May,
+with proceeds to be used to partly finance the proposed 275 mln
+dlr acquisition of Western National Life Insurance Co or to
+repay bank debt if the acquisition is not completed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4837" NEWID="15660">
+<DATE> 9-APR-1987 11:47:22.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1429&#31;reute
+r f BC-COMAIR-&lt;COMR>-MARCH-L   04-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMAIR &lt;COMR> MARCH LOAD FACTOR FALLS</TITLE>
+<DATELINE>    CINCINNATI, April 9 - </DATELINE><BODY>Comair Inc said March load factor
+fell to 36.6 pct from 39.8 pct a year earlier.
+    The company said revenue passenger miles rose 9.0 pct to
+12.4 mln from 11.3 mln and available seat miles rose 18.5 pct
+to 33.8 mln from 28.5 mln.
+    For the year to date, Comair said load factor fell to 36.3
+pct to 40.3 pct a year before, as revenue passenger miles rose
+3.8 pct to 131.4 mln from 126.6 mln and available seat miles
+rose 15.3 pct to 362.3 mln from 314.3 mln. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4838" NEWID="15661">
+<DATE> 9-APR-1987 11:47:37.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1430&#31;reute
+b f BC-U.S.-HOUSE-DEFEATS-RE   04-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE DEFEATS REAGAN'S 1988 BUDGET</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Democratic-run House of
+Representatives defeated on a 394 to 27 vote President Reagan's
+1988 budget and planned to vote later on one written by House
+Budget Committee Democrats.
+    The defeat was expected. Republicans as well as Democrats
+abandoned Reagan's budget for containing what they said were
+unrealistic assumptions.
+    Democratic leaders said they expected to pass the
+committee's budget after considering two other alternatives,
+but committee sources said the voting could be close.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4839" NEWID="15662">
+<DATE> 9-APR-1987 11:47:54.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1433&#31;reute
+r f BC-TOTH-ALUMINUM-&lt;TOTH>   04-09 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTH ALUMINUM &lt;TOTH> SHARE OFFERING UNDER WAY</TITLE>
+<DATELINE>    NEW ORLEANS, April 9 - </DATELINE><BODY>Toth Aluminum Corp said an offering
+of 2,500,000 common shares is under way at 1.875 dlrs each.
+    It said another 5,993,577 shares are issuable on the
+exercise of outstanding options.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4840" NEWID="15663">
+<DATE> 9-APR-1987 11:48:00.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1434&#31;reute
+r f BC-VARITY-&lt;VAT>-CAPITAL   04-09 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VARITY &lt;VAT> CAPITAL RESTATEMENT APPROVED</TITLE>
+<DATELINE>    TORONTO, April 9 - </DATELINE><BODY>&lt;Varity Corp> said shareholders approved
+a previously reported proposal to transfer 137.5 mln U.S. dlrs
+to the contributed surplus account on the company's balance
+sheet from the stated capital account for common shares.
+    The company said the move would allow it to meet Canadian
+government tests related to dividend payments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4841" NEWID="15664">
+<DATE> 9-APR-1987 11:48:06.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1435&#31;reute
+r f BC-TIME-&lt;TL>-TO-SELL-PAR   04-09 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIME &lt;TL> TO SELL PART OF UNIT</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Time Inc said its Time-Life Video Inc
+subsidiary has agreed in principle to sell its institutional
+training business to Time-Life Video president William V.
+Ambrose for undisclosed terms.
+    It said the business will operate as Ambrose Video
+Publishing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4842" NEWID="15665">
+<DATE> 9-APR-1987 11:48:10.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f1436&#31;reute
+r f BC-TORONTO-DOMINION-AUST   04-09 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO DOMINION AUSTRALIA DOLLAR BOND INCREASED</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Toronto Dominion Bank, Nassau Branch, has
+increased its eurobond offering to 50 mln Australian dlrs from
+40 mln, lead manager Hambros Bank Ltd said.
+    All other terms remain the same.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4843" NEWID="15666">
+<DATE> 9-APR-1987 11:48:21.79</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>sprinkel</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1437&#31;reute
+r f BC-SPRINKEL-SAYS-TAX-HIK   04-09 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPRINKEL SAYS TAX HIKE WOULD NOT REDUCE DEFICIT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Council of Economic Advisers chairman
+Beryl Sprinkel said the Reagan Administration remains strongly
+opposed to a tax increase, including 18 billion dlrs of new
+revenues in the budget plan by Congressional Democrats.
+    "We believe that significant increases in taxes would not
+reduce deficits and could have adverse effects on growth,"
+Sprinkel told the House Rules Committee.
+    He said the Administration wanted to continue its policy of
+gradually reducing deficits through restraining government
+spending and promoting economic growth. Sprinkel said cutting
+the budget deficit was the best way to lower the trade deficit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4844" NEWID="15667">
+<DATE> 9-APR-1987 11:48:31.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1438&#31;reute
+d f BC-ROYAL-BUSINESS-GROUP   04-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL BUSINESS GROUP INC &lt;ROY> 2ND QTR MARCH ONE</TITLE>
+<DATELINE>    BOSTON, April 9 -
+    </DATELINE><BODY>Shr 49 cts vs five cts
+    Shr diluted 45 cts vs five cts
+    Net 651,000 vs 95,000
+    Revs not given
+    1st half
+    Shr 57 cts vs one ct
+    Shr diluted 53 cts vs one ct
+    Net 781,000 vs 56,000
+    Revs not given
+    NOTE: Current year net both periods includes gain 873,000
+dlrs from repurchase of securities.
+    Results exclude Business Forms Division, which is to be
+sold.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4845" NEWID="15668">
+<DATE> 9-APR-1987 11:48:39.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1439&#31;reute
+d f BC-&lt;MSE-CABLE-SYSTEMS-IN   04-09 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MSE CABLE SYSTEMS INC> 4TH QTR NET</TITLE>
+<DATELINE>    ROCHESTER HILLS, Mich., April 9 -
+    </DATELINE><BODY>Shr nil vs nil
+    Net 18,534 vcs 27,431
+    Revs 270,032 vs 188,326
+    Avg shrs 6,598,871 vs 6,090,576
+    Year
+    Shr nil vs nil
+    Net 47,299 vs 21,570
+    Revs 1,004,392 vs 677,909
+    Avg shrs 6,618,063 vs 5,931,324
+    NOTE: Share adjusted for one-for-11 reverse split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4846" NEWID="15669">
+<DATE> 9-APR-1987 11:49:01.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1441&#31;reute
+d f BC-RULE-INDUSTRIES-INC-&lt;   04-09 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RULE INDUSTRIES INC &lt;RULE> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    GLOUCESTER, Mass., April 9 -
+    </DATELINE><BODY>Shr 17 cts vs 10 cts
+    Net 408,000 vs 237,000
+    Revs 8,863,000 vs 6,738,000
+    1st half
+    Shr 27 cts vs 15 cts
+    Net 647,000 vs 356,000
+    Revs 17.2 mln vs 12.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4847" NEWID="15670">
+<DATE> 9-APR-1987 11:49:13.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1443&#31;reute
+u f BC-CARSON-PIRIE-SCOTT-AN   04-09 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARSON PIRIE SCOTT AND CO &lt;CRN> MARCH SALES UP</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>Carson Pirie Scott and Co said its March
+retail sales increased 8.2 pct to 70.6 mln dlrs from 65.3 mln
+dlrs a year ago.
+    It said cumulative sales gained 13.2 pct to 125.0 mln dlrs
+from 110.4 mln dlrs in the same 1986 period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4848" NEWID="15671">
+<DATE> 9-APR-1987 11:49:19.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1444&#31;reute
+h f BC-JAPAN-CRITICISED-FOR   04-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CRITICISED FOR "DUMPING" OF BANK SERVICES</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>Japan, which has been accused of dumping
+everything from steel to computer microchips on world markets,
+is now under attack for alleged cutthroat selling of a product
+of a different sort -- banking services.
+    At meetings here this week, Bank of England officials
+pressed their Japanese counterparts to change regulations that
+foreign bankers say give their Japanese rivals an unfair
+advantage in world financial markets.
+    The technical banking talks coincided with, but were
+separate from, discussions between Japanese officials and
+British corporate affairs minister Michael Howard, who left
+Tokyo yesterday for South Korea.
+    At the crux of the talks was the way regulators in various
+countries measure bank capital and how much capital banks must
+put up to back up their loans.
+    It is generally agreed that shareholders' equity forms the
+bulwark of bank capital but there is disagreement about what
+else should be included.
+    Some foreign bankers contend that their Japanese rivals can
+undercut them on loans and other banking services because
+Tokyo's capital regulations are easier to meet.
+    The Japanese banks have an unfair advantage, Paul Hofer,
+head of the Foreign Bankers Association of Japan, told Reuters.
+    Sumitomo Bank Ltd chief economist Masahiko Koido said, "They
+see us as very aggressive. We say we are just trying to catch
+up with them."
+    Earlier this year, the United States and Britain agreed to
+adopt common regulations requiring banks to put up capital
+equivalent to at least six pct of total assets. The two
+countries urged others to follow suit, notably Japan.
+    But Japanese Finance Ministry officials held out little
+hope that would happen soon as they just introduced new
+regulations governing capital ratios last May.
+    Under those regulations, banks have until 1990 to attain a
+capital ratio of four pct. But, in tacit recognition of
+overseas pressure, the ministry set a six pct target for
+Japanese banks with overseas branches.
+    But foreign bankers say the rub was that it allowed Japan's
+banks to count 70 pct of the value of their massive holdings of
+Japanese shares - their so-called hidden reserves - as capital.
+    Without the shares, big Japanese banks would only have
+capital ratios of around three pct. With them, their ratios are
+well above six pct, especially after the recent record-breaking
+climb of Tokyo share prices.
+    Western diplomats argue that the shares are valued far too
+high by the ministry. Japanese banks would never be able to
+realize anywhere near that amount if they were forced to sell
+the shares to raise funds in an emergency, they say.
+    Finance Ministry officials defended their stance by saying
+that studies of the stock market over the last 30 years show
+that prices have rarely fallen below the 70 pct value level.
+    But the U.S. Federal Reserve seems to think otherwise.
+Japanese officials say the Fed has effectively held up
+applications for bank licenses by Japanese financial
+institutions by asking them for a very detailed accounting of
+their hidden reserves.
+    The officials say Japan recently raised the issue with the
+Fed through its embassy in Washington and is hoping for talks
+on the subject.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4849" NEWID="15672">
+<DATE> 9-APR-1987 11:49:39.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1446&#31;reute
+d f BC-NEW-JERSEY-INVESTOR-B   04-09 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW JERSEY INVESTOR BUYS 5.2 PCT OF KINARK &lt;KIN></TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>A New Jersey investor, Joseph
+Falkenstein, told the Securities and Exchange Commission he
+holds 5.2 pct of the shares of Kinark Corp.
+    He said he has no plans to change the company and that he
+bought the shares because he believed the stock was undervalued
+and would rise in the next six months.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4850" NEWID="15673">
+<DATE> 9-APR-1987 11:49:54.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1448&#31;reute
+b f BC-HONEYWELL-BULL-SEEKIN   04-09 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONEYWELL BULL SEEKING 400 MLN DLR FACILITY</TITLE>
+<DATELINE>    PARIS, April 9 - </DATELINE><BODY>&lt;Honeywell Bull> is seeking a 400 mln dlr,
+five-year multi option facility, arranger Banque Nationale de
+Paris said.
+    The facility will be co-arranged by Morgan Guaranty and The
+Industrial Bank of Japan Ltd.
+    The operation has an "evergreen" facility and can be extended
+up to eight years, BNP said.
+    The facility will be made up of two components. The first "A"
+part will consist of a maximum 400 mln dlrs with a maximum
+spread of Libor plus 3/8 pct.
+    Component "B," to be unsecured, will be for a maximum of 200
+mln dlrs with a maximum spread of Libor plus 5/8 pct for the
+first three years, Libor plus 3/4 pct for the fourth to sixth
+years and LIBOR plus 7/8 pct for the seventh year.
+    Honeywell Bull was recently created by Cie des Machines
+Bull &lt;BULP.PA>, &lt;Honeywell Inc> and &lt;NEC Corp> of Japan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4851" NEWID="15674">
+<DATE> 9-APR-1987 11:50:16.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1450&#31;reute
+u f BC-NATIONAL-DISTILLERS-&lt;   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL DISTILLERS &lt;DR> SEES SECOND QTR GAIN</TITLE>
+<DATELINE>    New York, April 9 - </DATELINE><BODY>National Distillers and Chemical Corp
+expects to realize a second quarter after-tax gain of four dlrs
+per share from the 545 mln dlr sale of its spirits business to
+American Brands Inc &lt;AMB>.
+    National Distillers' stock rose 1-1/8 to 65-1/2, after an
+opening delay on the New York Stock exchange for an imbalance
+of orders.
+    "I think the sales price was higher than most people
+expected," said John Henry of E.F. Hutton Group.
+    A company spokeswoman said the four dlr per share gain will
+be included in second quarter net, which compares with 31 cts
+per share last year, including the spirits and wine business
+    "They netted over 700 mln dlrs for spirits and wine. That
+will ease their interest cost burden," said Henry.
+    National Distillers sold its wine business last month to
+Grand Metropolitan PLC's Heublein Inc for 128 mln dlrs.
+    Henry said he had anticipated National Distillers would net
+only 600 mln dlrs at the most from the sale of the two liquor
+businesses.
+    Henry said the company recovered from the sales the cost of
+buying Enron Chemicals in the fourth quarter last year.
+National Distillers paid 570 mln dlrs cash for Enron and
+assumed 34 mln dlrs in debt. National Distillers said at the
+time it bought Enron it would sell the spirits and wine
+businesses, moving more into the chemical area.
+    For 1986, two thirds of income were from chemicals and
+propane. National Distillers earned, excluding the liquor
+businesses, 2.21 dlrs per share for 1986. Income from
+discontinued operations, including the liquor businesses, was
+67 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4852" NEWID="15675">
+<DATE> 9-APR-1987 11:50:30.61</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1452&#31;reute
+d f BC-WEATHER-HURTS-ITALIAN   04-09 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEATHER HURTS ITALIAN ORANGES - USDA REPORT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Unfavorable weather conditions during
+the second week of March caused damage to oranges in the
+Calabria region in southern Italy, the U.S. Agriculture
+Department's officer in Rome said in a field report.
+    The report, dated April 3, said the region accounts for
+about 22,000 hectares of the Italian orange crop or about 26
+pct of total production.
+    However, orange production in the region for marketing year
+1986/87 is forecast at 565,000 tonnes or 25 pct of the total
+Italian orange crop, it said.
+    The report said trade contacts agree that about 15 pct of
+the orange output in Calabria was damaged by frost.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4853" NEWID="15676">
+<DATE> 9-APR-1987 11:51:04.96</DATE>
+<TOPICS><D>grain</D><D>barley</D><D>corn</D><D>wheat</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1455&#31;reute
+b f BC-EC-GRANTS-FREE-MARKET   04-09 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC GRANTS FREE MARKET BARLEY, MAIZE EXPORTS</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The European Commission authorised the
+export of 65,000 tonnes of free market barley at today's tender
+at a maximum rebate of 138.75 European currency units and
+55,000 tonnes of French maize at 130 Ecus, grain traders here
+said.
+    It rejected bids for breadmaking and feed wheat, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4854" NEWID="15677">
+<DATE> 9-APR-1987 11:51:10.02</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1456&#31;reute
+f f BC-******FED   04-09 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED BUYING DOLLARS FOR YEN IN OPEN MARKET, NEW YORK DEALERS SAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4855" NEWID="15678">
+<DATE> 9-APR-1987 11:53:38.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1464&#31;reute
+u f BC-LLOYD'S-OFFERS-CASH-I   04-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLOYD'S OFFERS CASH IN BID TO END PCW AFFAIR</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Lloyd's of London has offered to meet
+part of the 235 mln stg in claims that investors in PCW
+Underwriting Agencies face due to fraud and mismanagement,
+chairman Peter Miller said at a press conference.
+    Miller urged 3,000 PCW members to accept the offer so that
+the five-year-old affair could be closed.
+    The members have until May 30 to accept the offer,
+involving a 103 mln stg payment by Lloyd's and some of Lloyd's
+underwriters in exchange for a 34 mln stg contribution from PCW
+members, he said.
+    Miller said that at end-1985, PCW syndicates had gross
+liabilities of 680 mln stg.
+    To offset this, they had assets, including cash and
+payments from reinsurance policies on some of the risks
+underwritten by the syndicates, of 445 mln stg, leaving net
+liabilities of 235 mln, he said.
+    The total sum on offer, including a 48 mln stg payment from
+Lloyd's 311 mln stg contingency fund and 55 mln stg from
+Lloyd's brokers who could otherwise face court cases for their
+involvement in PCW, is designed to cover the full reinsurance
+cost for those 235 mln stg of net liabilities, Miller said.
+    Under the offer, which requires 90 pct acceptance, Lloyd's
+itself would take over all members' future obligations
+connected with the PCW syndicates, Miller said. Members would
+have to agree not to pursue the matter in court.
+    Miller said a rejection of the offer would probably lead to
+protracted litigation in court which, even if succesful for
+members, was unlikely to produce a better deal for them.
+    He added that acceptance would mean members could continue
+underwriting in the Lloyd's market and qualify for tax relief
+on the cash payments they would make towards the settlement.
+    Miller denied that PCW members would face bills of over
+200,000 stg.
+    He said only 34 members would be asked to pay between
+100,000 and 200,000 stg, and about 100 between 60,000 and
+100,000 stg. Special arrangements would be sought for those who
+accept the offer but are unable to pay.
+    Miller said the offer did not imply Lloyd's accepted
+responsibility for the affair, uncovered in the late autumn of
+1982 when "it became quite clear that (PCW agency founder) Peter
+Cameron Webb and (his partner) Peter Dixon had perpetrated
+theft upon members," he said.
+    Part of the sum involved was subsequently recovered and
+repaid to members, but Cameron Webb and Dixon left the affairs
+of PCW syndicates "in a state of chaos which led to a sharp
+deterioration of their underwriting results," Miller said. Both
+were fined by a Lloyd's disciplinary committee and expelled
+from membership.
+    He said Lloyd's would continue to seek reparation in
+British and U.S. Courts "with the utmost vigour ... To bring to
+a close one of the most shameful episodes in the history of
+Lloyd's," and was contemplating claiming the full amount of the
+settlement now on offer from Cameron Webb and Dixon.
+    In a reaction, insurance brokerage Sedgwick Group Plc
+&lt;SDWK.L> said it supported Lloyd's proposals and had
+contributed 10 mln stg towards the proposed settlement.
+    It said in a statement, "as largest broker in the Lloyd's
+market, the company has an essential interest in maintaining
+the reputation of the market. That reputation has been damaged
+by problems at PCW and will continue to be so as long as they
+remain unresolved." It had contributed to the proposed
+settlement to avoid costs related to the defence of some of its
+subsidiaries which had been named as potential defendants to
+litigation by PCW members, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4856" NEWID="15679">
+<DATE> 9-APR-1987 11:54:38.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1470&#31;reute
+d f BC-WASTE-RECOVERY-INC-&lt;W   04-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASTE RECOVERY INC &lt;WRII> 4TH QTR NET</TITLE>
+<DATELINE>    DALLAS, April 9 -
+    </DATELINE><BODY>Shr loss eight cts vs loss nine cts
+    Net loss 311,255 vs loss 157,941
+    Revs 546,069 vs 284,636
+    Avg shrs 3,790,235 vs 1,819,680
+    Year
+    Shr loss 27 cts vs loss 24 cts
+    Net loss 858,624 vs loss 399,385
+    Revs 1,491,518 vs 1,407,441
+    Avg shrs 3,175,157 vs 1,692,700
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4857" NEWID="15680">
+<DATE> 9-APR-1987 11:54:44.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1471&#31;reute
+u f BC-BRANCH-CORP-&lt;BNCH>-1S   04-09 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRANCH CORP &lt;BNCH> 1ST QTR NET</TITLE>
+<DATELINE>    WILSON, N.C., April 9 -
+    </DATELINE><BODY>Shr primary 99ct vs 82 cxts
+    Shr diluted 93 cts vs 78 cts
+    Net 7,784,000 vs 6,357,000
+    Assets 3.25 billion vs 2.74 billion
+    Deposits 2.58 billion vs 2.24 billion
+    Loans 2.20 billion vs 1.81 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4858" NEWID="15681">
+<DATE> 9-APR-1987 11:54:52.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ase</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1472&#31;reute
+b f BC-AMRO-BANK-PLANS-300-M   04-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMRO BANK PLANS 300 MLN GUILDER 6.75 PCT BONDS</TITLE>
+<DATELINE>    AMSTERDAM, April 9 - </DATELINE><BODY>Amsterdam-Rotterdam Bank NV &lt;AMRO.AS>
+said it plans to issue 300 mln 6.75 pct capital bonds due
+1988/2007.
+    The bonds will be redeemable in 20 almost equal annual
+instalments starting June 1, 1988.
+    Early redemption is not permitted, the bank said.
+    The issue price will be announced no later than Wednesday,
+April 15. Subscriptions close on Thursday April 16 at 15.00 hrs
+local time. The coupon and payment date is June 1.
+    The bonds will be listed on the Amsterdam Stock Exchange.
+    A spokesman for the bank said the capital bonds were
+subordinated and had an average maturity of 10.5 years.
+    The bonds will be in denominations of 1,000 and 5,000
+guilders.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4859" NEWID="15682">
+<DATE> 9-APR-1987 11:54:57.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1473&#31;reute
+r f BC-KURZ-KASCH-UPS-STAKE   04-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KURZ-KASCH UPS STAKE IN COMPONENT TECH &lt;CTEC></TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Kurz-Kasch Inc, a Dayton thermoset
+molding maker, told the Securities and Exchange Commission it
+had increased its holdings in Component Technology Corp by two
+pct, to 9.3 pct.
+    It said it bought the 39,000 shares of stock at 5.30-6.875
+dlrs a share for investment purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4860" NEWID="15683">
+<DATE> 9-APR-1987 11:55:29.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f1474&#31;reute
+r f BC-FIRST-INTERSTATE-&lt;I>   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST INTERSTATE &lt;I> SETS TWO FRANCHISE PACTS</TITLE>
+<DATELINE>    LOS ANGELES, April 9 - </DATELINE><BODY>First Interstate Bancorp said it
+signed franchise agreements with banks in Louisiana and
+Washington D.C.
+    The banks, Citizens Bank and Trust Co of Thibodaux,
+Louisiana and National Enterprise Bank of Washington, will
+change their names to First Interstate this summer.
+    Citizens Bank has assets of 267 mln dlrs in eight offices.
+National Enterprise has 53 mln dlrs in assets in one office.
+    Under its franchise system, member banks offer a variety of
+First Interstate financial services, but are not owned by First
+Interstate.
+    First Interstate operates 24 banks in 12 states, but its
+franchise operation extends the geographic area through its
+affiliate banks to 19 states, plus the District of Columbia.
+    First Interstate, the nation's ninth largest bank, has 42
+banks with 138 offices under its franchise system.
+    Today's move is its first into the east coast and southern
+portion of the nation. Most of its other franchise system banks
+are located in the western region.
+    First Interstate Chairman Joseph Pinola told Reuters in a
+recent interview the lagging agricultural economy in the
+Midwest continues to inhibit expansion into that region.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4861" NEWID="15684">
+<DATE> 9-APR-1987 11:56:36.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1481&#31;reute
+w f BC-DASSAULT-OFFERS-NEW-P   04-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DASSAULT OFFERS NEW PLANE TO DEFENCE MINISTRY</TITLE>
+<DATELINE>    PARIS, April 9 - </DATELINE><BODY>Avions Marcel Dassault-Breguet Aviation
+&lt;AVMD.PA> has offered the French Defence Ministry a new design
+of its Rafale fighter which is lighter and less detectible by
+radar, a company spokesman said today.
+    The new version would weigh between 8.5 and nine tonnes
+unarmed against 9.5 tonnes for the existing Rafale-A
+demonstrator which first flew last year, he said.
+    The Rafale-D design calls for special paints and materials
+to absorb radar signals, as well as smoother contours and
+electronic counter-measures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4862" NEWID="15685">
+<DATE> 9-APR-1987 11:57:39.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1487&#31;reute
+d f BC-WALL-ST.-SCANDAL-SAID   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL ST. SCANDAL SAID TO REFLECT REAGAN ETHIC</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>A key U.S. lawmaker in the securities
+field said the insider trading scandal gripping Wall Street
+reflects the attitude of the Reagan administration.
+    "They don't ask the question, 'Is it right or is it wrong?'
+They ask the question, 'Can you pull it off?'" Rep Edward Markey
+(D-Mass) told a state securities administrators meeting here.
+    Markey, Chairman of the House telecommunications and
+finance subcommittee which oversees U.S. securities markets,
+said this ethic permeated Wall Street as well as the Reagan
+administration.
+    He cited as examples a number of administration officials
+tainted by charges of wrongdoing including ex-Reagan advisor
+Michael Deaver, former national security aide John Poindexter
+and former Environmental Protection Agency official Rita
+Lavelle.
+    Some Wall Street critics have blamed the insider trading
+scandal on the so-called "Yuppie mentality", in which young
+professionals strive for financial reward and neglect social
+values.
+    But Markey said the inspiration for this attitude came from
+the administration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4863" NEWID="15686">
+<DATE> 9-APR-1987 11:58:20.28</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>grain</D><D>corn</D><D>wheat</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1490&#31;reute
+u f BC-/BRAZIL-SOYBEAN-YIELD   04-09 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL SOYBEAN YIELDS SEEN AVERAGE - USDA REPORT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Based on field travel in the
+Brazilian state of Parana, soybean yields should be about
+average or 2.0 to 2.2 tonnes per hectare, the U.S. Agriculture
+Department's officer in Sao Paulo said in a field report.
+    The report, dated March 24, noted Parana accounts for about
+20 to 24 pct of Brazil's total soybean crop.
+    It said generally favorable weather from early December
+through February helped compensate for earlier dryness.
+    However, hot, dry weather during the past 20 to 30 days
+followed by an unseasonably brief cold spell during the second
+week of march has raised concern about late planted soybeans
+which are still immature, but the impact may be localized, the
+report said.
+    The corn crop is expected to be a record and will create
+serious storage problems, the report said.
+    Due to favorable support prices, corn area increased by
+more than 25 pct at the expense of soybeans, and yields are
+expected to be above average, it said.
+    Due to late plantings only about 20 pct of the corn crop
+crop has been harvested.
+    During the field trip long truck lines were noted at grain
+elevators where preference is given to soybeans over corn, the
+report said.
+    New crop wheat plantings are expected to decline  -- Parana
+accounts for about 60 pct of total production. Major reasons
+for the decline are expected reduced government support price
+and good summer crop harvests.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4864" NEWID="15687">
+<DATE> 9-APR-1987 11:59:17.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1496&#31;reute
+u f BC-COLOMBIA-SECURES-1.95   04-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA SECURES 1.95 BILLION DLRS OF DEBT</TITLE>
+<DATELINE>    BOGOTA, April 9 - </DATELINE><BODY>Colombia has secured total borrowings
+this year for 1.95 billion dlrs, of which 1.40 billion
+correspond to loans arranged before 1986, Director of Public
+Credit Mauricio Cabrera said.
+    Cabrera said about half of the borrowings would come from
+the World Bank and the Inter-American Development Bank.
+    He was speaking at a forum for industrialists upon his
+return from London where he attended the signing of a 50 mln
+dlr floating rate note, Colombia's first such offering on the
+euromarket.
+    Cabrera reaffirmed that Colombia has no intention of
+rescheduling  its foreign debt, which he put at 14.35 billion
+dlrs, of which 11.35 billion are from the public sector.
+    For the international banking community, Colombia continues
+to be "the best house in spite of being in the worst
+neighbourhood," he said.
+    He said debt servicing will remain a burden in 1987 and
+will amount to 34.6 pct of total exports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4865" NEWID="15688">
+<DATE> 9-APR-1987 11:59:40.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1498&#31;reute
+u f BC-ZAYRE-CORP-&lt;ZY>-RAISE   04-09 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAYRE CORP &lt;ZY> RAISES QUARTERLY</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., April 9 -
+    </DATELINE><BODY>Qtly div 10 cts vs eight cts prior
+    Pay June Four
+    Record May 14
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4866" NEWID="15689">
+<DATE> 9-APR-1987 12:00:33.40</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1500&#31;reute
+b f BC-/FED-SEEN-BUYING-DOLL   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED SEEN BUYING DOLLARS FOR YEN IN OPEN MARKET</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>The Federal Reserve was detected buying
+dollars for yen in the open market as the dollar fell to a
+40-year low of 144.60 yen in nervous late morning trading,
+currency dealers said.
+     They said the size of the intervention was relatively
+modest so far but it was a clear indication that the U.S.
+remained committed to the late February Paris currency
+stabilization accord, which was reaffirmed in Washington last
+night.
+    A Fed spokeswoman had no comment on the dealer reports.
+    The dollar hovered around 144.70 just before midday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4867" NEWID="15690">
+<DATE> 9-APR-1987 12:00:55.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1502&#31;reute
+b f BC-******MAY-DEPARTMENT   04-09 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MAY DEPARTMENT STORES MARCH SALES RISE 3.5 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4868" NEWID="15691">
+<DATE> 9-APR-1987 12:01:26.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1505&#31;reute
+u f BC-RJR-NABISCO-&lt;RJR>-HAS   04-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR NABISCO &lt;RJR> HAS OFFSETTING GAINS, CHARGES</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., April 9 - </DATELINE><BODY>RJR Nabisco Inc said its
+1987 first quarter results will include an after-tax gain of
+208 mln dlrs from the sale of Heublein Inc and offsetting
+charges.
+    The company said its operations are performing well and in
+line with expectations.
+    RJR Nabisco said the charges reflect reserves it
+established to cover certain expenses.
+    RJR Nabisco said the expenses covered, on after-tax basis,
+include --
+    -- 50 mln dlrs for the write-down of redundant equipment
+and facilities resulting from modernization of its U.S. tobacco
+operations,
+    -- 79 mln dlrs for continuing restruction of its food
+subsidiaries, and
+    -- 80 mln dlrs in connection with the early retirement of
+high coupon debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4869" NEWID="15692">
+<DATE> 9-APR-1987 12:02:24.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1512&#31;reute
+u f BC-BAYBANKS-INC-&lt;BBNK>-1   04-09 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAYBANKS INC &lt;BBNK> 1ST QTR NET</TITLE>
+<DATELINE>    BOSTON, April 9 -
+    </DATELINE><BODY>Oper shr 1.08 dlrs vs 96 cts
+    Oper shr diluted 1.02 dlrs vs 89 cts
+    Oper net 16.1 mln vs 12.8 mln
+    Avg shrs 14.9 mln vs 13.4 mln
+    Avg shrs 16.1 mln vs 14.8 mln
+    NOTE: 1987 net excludes gain 4,820,000 dlrs from cumulative
+effect of change in calculating depreciation expense.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4870" NEWID="15693">
+<DATE> 9-APR-1987 12:06:57.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>south-africa</D><D>namibia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>un</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1540&#31;reute
+u f AM-TERRITORY-COUNCIL   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., BRITAIN BAR SANCTIONS AGAINST SOUTH AFRICA</TITLE>
+<DATELINE>    UNITED NATIONS, April 9 - </DATELINE><BODY>The United States and Britain
+served notice that they would block a move in the
+U.N. Security Council to impose sanctions against South Africa
+in a bid to end its rule of Namibia (South West Africa).
+    Their vetoes would repeat the joint action they took on
+February 20 to bar selective sanctions against Pretoria over
+its apartheid policy.
+    "Measures of this sort would be counterproductive, giving
+South Africa the excuse to remain intransigent," John Birch, the
+British delegate, said. Vernon Walters, the U.S.
+representative, said Washington flatly opposed mandatory
+sanctions.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4871" NEWID="15694">
+<DATE> 9-APR-1987 12:10:40.23</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1561&#31;reute
+b f BC-FRANCE'S-BALLADUR-SAY   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE'S BALLADUR SAYS TARGET ZONE NOTION NEARER</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>French Finance Minister Edouard
+Balladur said that the financial community is closer to
+arriving at a system of target zones for currencies despite the
+fact that little is being said about them.
+    Speaking with reporters at the semiannual meetings of the
+International Monetary Fund, Balladur said, "We are not very far
+from the notion of target zones, even if we don't say so."
+    He told reporters that "our ideas are progressing," adding
+that the finance ministers have been talking about more
+cooperation on economic policies and on levels around which
+currencies should stabilize.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4872" NEWID="15695">
+<DATE> 9-APR-1987 12:11:13.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1566&#31;reute
+u f BC-STUDENT-LOAN-MARKETIN   04-09 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STUDENT LOAN MARKETING ASSOCIATION &lt;SLM> 1ST QTR</TITLE>
+<DATELINE>    WASHINGTON, April 9 -
+    </DATELINE><BODY>Shr 95 cts vs 71 cts
+    Net 42.4 mln vs 34.5 mln
+    Assets 18.61 billion vs 15.66 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4873" NEWID="15696">
+<DATE> 9-APR-1987 12:11:30.14</DATE>
+<TOPICS><D>sugar</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1567&#31;reute
+u f BC-FIRE-AT-TATE-AND-LYLE   04-09 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRE AT TATE/LYLE LONDON JETTY HALTS UNLOADING</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>No raw sugar is being unloaded at Tate
+and Lyles refinery at Silvertown on the River Thames following
+a fire yesterday afternoon, Tate and Lyle Plc said.
+    The fire destroyed a large sector of the main conveyor from
+the raw sugar jetty to the weighhouse.
+    The company said it is not yet known how long the jetty
+will be out of use but it hoped that by tomorrow unloading of
+the bulk carrier Mykon Wave will be able to continue using
+temporary arrangements, Tate and Lyle said.
+    The Mykon Wave arrived in the port recently with about
+18,300 tonnes of bulk sugar from Maputo in Swaziland. About
+1,600 tonnes remain to be discharged.
+    Five other ships loaded with raw sugar are awaiting at
+Silvertown to be discharged, Tate and Lyle added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4874" NEWID="15697">
+<DATE> 9-APR-1987 12:14:06.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1582&#31;reute
+u f BC-MAY-STORES-&lt;MA>-MARCH   04-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAY STORES &lt;MA> MARCH SALES RISE 3.5 PCT</TITLE>
+<DATELINE>    ST. LOUIS, April 9 - </DATELINE><BODY>May Department Stores Co said sales
+for March rose 3.5 pct to 885.4 mln dlrs from 855.2 mln dlrs
+for the five-week period ended April 4.
+    It said a major factor in March was the absence of Easter
+sales, which will be three weeks later this year than last
+year.
+    For the first two months of fiscal 1987 sales were 1.52
+billion dlrs, up eight pct from 1.40 billion dlrs a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4875" NEWID="15698">
+<DATE> 9-APR-1987 12:15:02.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1589&#31;reute
+r f BC-JP-INDUSTRIES-&lt;JPI>-C   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JP INDUSTRIES &lt;JPI> CONFIRMS PROPOSAL</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>JP Industries Inc confirmed the
+announcement by Clevite Industries Inc &lt;CLEV> that JP
+Industries has submitted a proposal to Clevite for the
+acquisition of the company at 13.50 dlrs per share in cash.
+    John Psarouthakis, chairman and president of JP Industries,
+said that the company hopes to promptly negotiate an agreement
+with the special committee of Clevite's board.
+    In February, JP Industries said it purchased Clevite's
+engine parts division.
+    JP Industries said it is not aware of any other reason for
+activity in its stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4876" NEWID="15699">
+<DATE> 9-APR-1987 12:15:25.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1592&#31;reute
+r f BC-&lt;SCI-HOLDINGS-INC>-DI   04-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SCI HOLDINGS INC> DISCUSSES JOINT VENTURE PACT</TITLE>
+<DATELINE>    MIAMI, April 9 - </DATELINE><BODY>SCI Holdings Inc and its unit Storer
+Communications Inc said they are negotiating with &lt;The Gillet
+Group> to create a new entity, jointly owned by SCI and Gillet,
+to own and operate six of Storer's television stations, Storer
+Television sales and Storer's Washington News Bureau.
+    SCI said the six stations involved include WAGA-TV,
+Atlanta, WJW-TV, Cleveland, WJBK-TV, Detroit, and WITI-TV,
+Milwaukee, all CBS Inc &lt;CBS> affiliates, NBC affiliate KCST-TV,
+San Diego and WSBK-TV, Boston, an independent station.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4877" NEWID="15700">
+<DATE> 9-APR-1987 12:15:42.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1594&#31;reute
+r f BC-GENCORP-&lt;GY>-EXTENDS   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> EXTENDS SHAREHOLDER RIGHT PLAN</TITLE>
+<DATELINE>    AKRON, Ohio, April 9 - </DATELINE><BODY>GenCorp Inc said its board extended
+to April 13 the date the rights issued under the company's
+shareholder rights plan will trade separately from the common
+stock.
+    The company said the plan, originally adopted February 18,
+has been extended several times since its adoption.
+    GenCorp said the rights plan makes it more difficult for an
+outside company or person to takeover the company. The plan has
+been extended indefinitely and to no person acquiring 20 pct or
+more of the common stock prior to April 13, the company said.
+    The plan calls for the attachment of one preferred stock
+purchase right to each common share outstanding.
+   On Monday, GenCorp announced it will buy up to 54 pct of its
+own outstanding common shares for 130 dlrs per share. It said
+details of the plan will be announced by the end of the week.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4878" NEWID="15701">
+<DATE> 9-APR-1987 12:16:01.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1596&#31;reute
+r f BC-U.S.-TAX-INCREASE-PRO   04-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TAX INCREASE PROPOSED ON BEER AND WINE</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Rep. Anthony Beilenson, D-Cal, said
+he introduced legislation to triple the federal excise taxes on
+beer and on two types of wine which have the least alcohol.
+    His bill would raise the tax on beer from nine dlrs to 27
+dlrs per 31-gallon barrel, an increase of about 32 cents per
+six pack. The tax on the two types of wine would go from 17
+cents to 51 cents per gallon and from 67 cents to 2.01 dlrs per
+gallon respectively, he said in a statement.
+    "Raising the tax rates on beer and wine is an entirely
+justifiable means of reducing the deficit. It would also
+modestly discourage excessive drinking," Beilenson said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4879" NEWID="15702">
+<DATE> 9-APR-1987 12:16:05.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1597&#31;reute
+r f BC-MEDITRUST-&lt;MTRUS>-RAI   04-09 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDITRUST &lt;MTRUS> RAISES QUARTERLY</TITLE>
+<DATELINE>    WELLESLEY, Mass., April 9 -
+    </DATELINE><BODY>Qtly div 43 cts vs 38 cts prior
+    Pay May 15
+    Record April 30  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4880" NEWID="15703">
+<DATE> 9-APR-1987 12:16:15.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1598&#31;reute
+r f BC-MONSANTO-&lt;MTC>-UNIT-S   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONSANTO &lt;MTC> UNIT SEES OPERATING LOSS IN 1987</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Monsanto Corp's G.D. Searle and Co unit
+said it will report an operating loss for 1987, mainly due to
+expenses for research and development.
+    Searle chairman Sheldon Gilgore said Searle's operating
+loss in 1987 will be less than the 87 mln dlr operating loss in
+1986.
+    He said Searle's first quarter sales will be up 21.8 pct to
+179 mln dlrs from 147 mln dlrs in the year ago quarter. In 1986
+Searle's sales were 665 mln dlrs.
+    Gilgore said the company intends to have sales of three
+billion dlrs by the mid-1990s.
+    He said the company anticipates approval in Japan, the
+U.S., Italy, Spain and the U.K. for its ulcer treatment drug
+Cytotech.
+    He also said that in a paper not yet published the drug was
+shown to prevent a flare-up of ulcers for a longer period of
+time than Tagamet, made by SmithKline Beckman Corp &lt;SKB>.
+    Other drugs in Searle's pipeline include tissue plasminogen
+activator (TPA), made by a different process than Genentech's
+&lt;GENE> TPA, expected to be approved for marketing this year.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4881" NEWID="15704">
+<DATE> 9-APR-1987 12:16:57.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1603&#31;reute
+d f BC-STATUS-GAME-CORP-&lt;STG   04-09 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATUS GAME CORP &lt;STGM> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    NEWINGTON, Conn., April 9 -
+    </DATELINE><BODY>Oper shr six cts vs one ct
+    Oper net 194,109 vs 28,751
+    Revs 2,731,688 vs 347,134
+    Avg shrs 3,360,527 vs 2,295,359
+    Nine mths
+    Oper shr 11 cts vs five cts
+    Oper net 356,571 vs 111,545
+    Revs 5,923,907 vs 1,491,852
+    Avg shrs 3,296,982 vs 2,289,762
+    NOTE: Share adjusted for 10 pct stock dividend in December
+1986. Prior year net excludes tax credits of 5,775 dlrs in
+quarter and 17,325 dlrs in nine mths.
+    Net excludes discontinued amusement game operations gains
+144,095 dlrs vs 70,194 dlrs in quarter and loss 2,952,814 dlrs
+vs gain 196,872 dlrs in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4882" NEWID="15705">
+<DATE> 9-APR-1987 12:17:03.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1604&#31;reute
+d f BC-INT'L-SURGICAL-&lt;SURG>   04-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L SURGICAL &lt;SURG> TO OFFER TEST</TITLE>
+<DATELINE>    FRANKLIN SQUARE, N.Y., April 9 - </DATELINE><BODY>International Surgical and
+Pharmaceutical Corp said it will offer diagnostic testing
+services to hospitals, clinics and private medical practices in
+the metropolitan New York area.
+    The company said it has leased a vascular diagnostic
+testing mobile unit to conduct a test for early indicators of
+potential stroke.
+    Medicare/Medicaid and other insurance programs have
+approved the test and are paying up to 500 dlrs for the
+diagnostic procedures, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4883" NEWID="15706">
+<DATE> 9-APR-1987 12:17:11.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1605&#31;reute
+h f BC-EUROPEAN-AIRLINES-REP   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN AIRLINES REPORT RECORD PASSENGER RESULTS</TITLE>
+<DATELINE>    BRUSSELS, April 9 - </DATELINE><BODY>European airlines, hit by a drop in
+business across the North Atlantic for much of last year, today
+reported record passenger traffic for February.
+    The 21-member Association of European Airlines said
+passenger traffic in February was 11 pct higher than a year
+earlier, allowing carriers to fill just under 60 pct of seat
+capacity, the highest ever recorded in the month.
+    On the North Atlantic route, where 1986 business suffered
+because American visitors were deterred by the falling dollar,
+fears of terrorism and the Chernobyl nuclear accident,
+passenger traffic was up 15.5 pct.
+    Improvements were also registered on South and
+Mid-Atlantic, European, Asian and Middle East routes.
+    "If the momentum is maintained AEA airlines can anticipate
+sustained growth this summer -- in marked contrast to last
+year," Henderson said in a statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4884" NEWID="15707">
+<DATE> 9-APR-1987 12:17:19.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1607&#31;reute
+s f BC-UNIVERSAL-FOODS-CORP   04-09 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL FOODS CORP &lt;UFC> VOTES DIVIDEND</TITLE>
+<DATELINE>    MILWAUKEE, WIS., April 9 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior qtr
+    Pay 6 May
+    Record 21 April
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4885" NEWID="15708">
+<DATE> 9-APR-1987 12:17:28.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1609&#31;reute
+s f BC-BETZ-LABORATORIES-INC   04-09 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BETZ LABORATORIES INC &lt;BETZ> SETS QUARTERLY</TITLE>
+<DATELINE>    TREVOSE, Pa., April 9 -
+    </DATELINE><BODY>Qtly div 35 cts vs 35 cts prior
+    Pay May 14
+    Record April 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4886" NEWID="15709">
+<DATE> 9-APR-1987 12:17:51.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1610&#31;reute
+r f BC-NORTHWESTERN-NATIONAL   04-09 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHWESTERN NATIONAL LIFE &lt;NWNL> UPS PAYOUT</TITLE>
+<DATELINE>    MINNEAPOLIS, April 9 -
+    </DATELINE><BODY>Qtly div 24 cts vs 21-1/2 cts prior
+    Pay May 15
+    Record April 24
+    NOTE: Northwestern National Life Insurance Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4887" NEWID="15710">
+<DATE> 9-APR-1987 12:19:02.04</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f1611&#31;reute
+r f BC-n'orleans-grain-ships   04-09 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN SHIPS WAITING AT NEW ORLEANS</TITLE>
+<DATELINE>    New Orleans, April 9 - </DATELINE><BODY>Ten grain ships were loading and 14
+were waiting to load at New Orleans elevators, trade sources
+said.
+ ELEVATOR                     LOADING  WAITING
+ Continental Grain, Westwego     1      6
+ Mississippi River, Myrtle Grove 1      0
+ ADM Growmark                    1      4
+ Bunge Grain, Destrehan          1      0
+    ELEVATOR                LOADING  WAITING
+ ST CHARLES DESTREHAN         1      1
+ RESERVE ELEVATOR CORP        1      0
+ PEAVEY CO, ST ELMO           1      0
+ CARGILL GRAIN, TERRE HAUTE   2      1
+ CARGILL GRAIN, PORT ALLEN    0      0
+ ZEN-NOH                      1      2
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4888" NEWID="15711">
+<DATE> 9-APR-1987 12:19:19.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1613&#31;reute
+r f BC-CENTEL-&lt;CNT>-SELLS-DE   04-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTEL &lt;CNT> SELLS DEBENTURES AT 9.233 PCT</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Centel Corp is raising 50 mln dlrs
+through an offering of debentures due 2017 yielding 9.233 pct,
+said lead manager Smith Barney, Harris Upham and Co Inc.
+    The debentures have a 9-1/8 pct coupon and were priced at
+98.90 to yield 117 basis points over comparable Treasury
+securities.
+    Non-callable for five years, the issue is rated A-3 by
+Moody's Investors Service Inc and A by Standard and Poor's
+Corp.
+    E.F. Hutton and Co Inc and UBS Securities Inc co-managed
+the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4889" NEWID="15712">
+<DATE> 9-APR-1987 12:20:52.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1616&#31;reute
+u f BC-AMES-DEPARTMENT-STORE   04-09 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMES DEPARTMENT STORE &lt;ADD> MARCH SALES UP</TITLE>
+<DATELINE>    ROCKY HILL, Conn., April 9 - </DATELINE><BODY>Ames Department Stores Inc
+said sales for the five weeks ended April Four were up 8.2 pct
+to 164.0 mln dlrs from 151.6 mln dlrs a year earlier, with
+same-store sales up 6.5 pct.
+    The company said for the first nine weeks of its fiscal
+year, sales were up 16.3 pct to 277.6 mln dlrs from 238.7 mln
+dlrs a year before, with same-store sales up 14.5 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4890" NEWID="15713">
+<DATE> 9-APR-1987 12:21:45.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1622&#31;reute
+r f BC-FOOTHILL-&lt;FGI>,-SIERR   04-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOTHILL &lt;FGI>, SIERRITA IN STANDSTILL ACCORD</TITLE>
+<DATELINE>    LOS ANGELES, April 9 - </DATELINE><BODY>Foothill Group Inc said it reached a
+standstill agreement with Santa Cruz Resources Inc and its
+parent, Sierrita Resources Inc, that bars the companies from
+acquiring more than a 30 pct interest in Foothill, except
+through a business combination approved by Foothill's board.
+    The company also said Santa Cruz has advised it that it
+owns 24.7 pct of Foothill's outstanding common stock.
+    In addition, Santa Cruz and Sierrita have agreed to vote
+their shares in accordance with instructions from the Foothill
+board in connection with certain business combinations and
+certain anti-takeover matters, Foothill said.
+    Foothill said the arrangement also bars Santa Cruz and
+Sierrita fron tendering any Foothill securities owned by them
+into any tender offer unless certain unspecified conditions are
+met.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4891" NEWID="15714">
+<DATE> 9-APR-1987 12:22:06.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1624&#31;reute
+r f BC-SHOE-TOWN-&lt;SHU>-MARCH   04-09 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHOE-TOWN &lt;SHU> MARCH SALES RISE 19 PCT</TITLE>
+<DATELINE>    TOTOWA, N.J., April 9 - </DATELINE><BODY>Shoe-Town Inc said sales for the
+five weeks ended April four, 1987 rose 19 pct to 16.8 mln dlrs
+from 14.1 mln dlrs a year ago.
+    It said year-to-date rose 19.4 pct to 36.3 mln dlrs from
+30.4 mln dlrs a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4892" NEWID="15715">
+<DATE> 9-APR-1987 12:22:10.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1625&#31;reute
+r f BC-FIRST-FEDERAL-OF-MICH   04-09 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL OF MICHIGAN &lt;FFOM> 1ST QTR NET</TITLE>
+<DATELINE>    DETROIT, April 9 -
+    </DATELINE><BODY>Shr 3.33 dlrs vs 3.39 dlrs
+    Net 37,069,000 vs 36,902,000
+    Avg shrs 10.95 mln vs 10.05 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4893" NEWID="15716">
+<DATE> 9-APR-1987 12:22:19.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1626&#31;reute
+d f BC-WASTE-RECOVERY-&lt;WRII>   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASTE RECOVERY &lt;WRII> IN DEAL WITH BLUE CIRCLE</TITLE>
+<DATELINE>    DALLAS, April 9 - </DATELINE><BODY>Waste Recovery Inc said it has received
+an exclusive license to use &lt;Blue Circle Industries PLC's>
+refuse-derived fuel technology in the U.S.
+    The company said it plans to modify a 750 short ton per day
+resource recovery plant in Miami to use the technology and will
+sell refuse-derived fuel from the Miami plant to Lone Star
+Industries Inc's &lt;LCE> Hialeah, Fla., cement plant, to take the
+place of about 20 pct of the Hialeah plant's coal usage.
+    Waste Recovery said initial demonstration trials are
+scheduled for the fourth quarter.
+    Waste Recovery said it also plans to build two new scrap
+tire processing plants to produce tire-derived fuel in Atlanta
+and in the Philadelphia area.  It said Goodyear Tire and Rubber
+Co &lt;GT>, its main shareholder, has agreed to supply Waste
+Recovery with scrap tires for raw materials for fuel.
+    It said tire-derived fuel trials by major cement and paper
+companies in the Southeast are scheduled for the second and
+third quarters of 1987, with fuel for the trials to come from
+its Houston plant.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4894" NEWID="15717">
+<DATE> 9-APR-1987 12:22:27.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1627&#31;reute
+d f BC-COLONIAL-BANCGROUP-&lt;C   04-09 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLONIAL BANCGROUP &lt;CLBGA> MAKES ACQUISITION</TITLE>
+<DATELINE>    MONTGOMERY, Ala., April 9 - </DATELINE><BODY>Colonial BancGroup said it has
+signed letter of intent to acquire Community Bank and Trust of
+Hartselle, Ala., with assets of 26 mln dlrs, for undisclosed
+terms, subject to approval by regulatory authorities and
+Community Bank shareholders.
+    Completion is expected within the next year, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4895" NEWID="15718">
+<DATE> 9-APR-1987 12:23:08.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f1630&#31;reute
+r f BC-U.S.-TO-PUSH-STRONG-S   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO PUSH STRONG SUMMIT AGRICULTURE STATEMENT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The United States will push for a
+strong statement from Western heads-of-state at the June
+economic summit in Venice, urging "comprehensive" negotiations
+on agriculture begin immediately to reduce domestic farm
+subsidies, the senior U.S. planner for the summit said.
+    "Agriculture has really become the number one international
+economic problem," Allen Wallis, undersecretary of state for
+economic affairs, told Reuters in an interview.
+    At the Tokyo economic summit last year, western leaders
+identified agriculture as a major international problem but
+made no specific recommendations.
+    This year, Wallis said the U.S. will press for a statement
+instructing trade ministers to begin negotiating on the issue,
+and include domestic programs.
+    While the Western leaders, including president Reagan, will
+not conduct specific negotiations, Wallis said they can give a
+push to the agriculture talks under the General Agreement on
+Tariffs and Trade (GATT).
+    Wallis said the leaders should endorse a "comprehensive"
+negotiation, which is interpreted as including domestic
+policies as well as import restraints and export subsidies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4896" NEWID="15719">
+<DATE> 9-APR-1987 12:24:24.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1636&#31;reute
+r f BC-FAB-INDUSTRIES-INC-&lt;F   04-09 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAB INDUSTRIES INC &lt;FIT> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    NEW YORK, April 9 -
+    </DATELINE><BODY>Shr 69 cts vs 67 cts
+    Net 2,488,000 vs 2,435,000
+    Revs 27.6 mln vs 26.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4897" NEWID="15720">
+<DATE> 9-APR-1987 12:25:09.67</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1640&#31;reute
+u f BC-EC-COMMISSION-AUTHORI   04-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION AUTHORISED TO BUY MAIZE IN JUNE</TITLE>
+<DATELINE>    BRUSSELS, April 9 - </DATELINE><BODY>The European Commission was authorised
+to buy up to one mln tonnes of maize into intervention stores
+in the second half of June, although sales into intervention
+normally end on April 30, Commission sources said.
+    They said approval was given by the EC's Cereals Management
+Committee because of the possible disturbance of the market due
+to heavy imports of maize under the agreement between the EC
+and the United States.
+    The agreement guarantees access to the Spanish market for
+two mln tonnes of non-EC maize a year for the next four years.
+    The sources said the intervention price for the maize would
+be 201.49 Ecus a tonne.
+    They said at this price it seemed unlikely that the full
+    They added the decision is also designed to prevent massive
+offers of maize for intervention just ahead of the normal April
+30 deadline, which could be caused by speculation about the
+implementation of the accord with the United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4898" NEWID="15721">
+<DATE> 9-APR-1987 12:26:05.53</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>canada</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1647&#31;reute
+u f BC-JAPAN-BUYS-5,000-TONN   04-09 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS 5,000 TONNES CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, April 9 - </DATELINE><BODY>Japan bought 5,000 tonnes Canadian
+rapeseed overnight at an undisclosed price for May shipment,
+trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4899" NEWID="15722">
+<DATE> 9-APR-1987 12:26:18.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1648&#31;reute
+u f BC-CORROON/BLACK-&lt;CBL>-S   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORROON/BLACK &lt;CBL> SAYS UNIT IN LLOYD'S FUND</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Corroon and Black Corp said &lt;Minet
+Holdings PLC>, of which it owns 25 pct, agreed to participate
+in a 103 mln stg fund set up by Lloyd's of London to cover part
+of the claims faced by PCW underwriting agencies.
+    The company said Minet and several other companies were
+involved in the syndicate, which faces 235 mln stg in claims
+due to fraud and mismanagement.
+    The fund was proposed by Lloyd's to cover a portion of the
+claims in return for a contribution of 34 mln stg from PCW
+members. The offer is subject to acceptance by 90 pct of the
+PCW members by May 30.
+    Lloyd's 103 mln stg offer, including 48 mln stg from
+Lloyd's and 55 mln stg from brokers, is designed to cover the
+reinsurance costs on the 235 mln stg of net liabilities.
+    Minet was unable to disclose the amount of its proposed
+contribution to the fund, Caroon and Black said. However, Minet
+was confident that the losses could be funded from existing
+cash resources.
+    Under the terms proposed, Lloyd's would take over all
+members' future obligations connected with PCW, and members
+would agree not to pursue the matter in court.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4900" NEWID="15723">
+<DATE> 9-APR-1987 12:26:59.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1649&#31;reute
+u f BC-NORTHERN-TRUST-CORP-&lt;   04-09 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN TRUST CORP &lt;NTRS> 1ST QTR NET</TITLE>
+<DATELINE>    CHICAGO, April 9 -
+    </DATELINE><BODY>Shr 87 cts vs 73 cts
+    Net 14.7 mln vs 11.7 mln
+    Assets 8.38 billion vs 7.43 billion
+    Loans 3.91 billion vs 3.40 billion
+    Deposits 5.60 billion vs 5.08 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4901" NEWID="15724">
+<DATE> 9-APR-1987 12:27:18.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1650&#31;reute
+d f BC-MODEST-IMPROVEMENT-IN   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIO TINTO SEES MODEST INCREASE IN METALS DEMAND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The consumption of some base metals,
+along with dollar prices, are showing signs of modest
+improvement, according to Rio Tinto-Zinc Corp Plc (RTZ).
+    However, the company said, iron ore markets have weakened.
+    RTZ commodity specialist Philip Crowson told reporters he
+thought base metals industry forecasts for 1987 were erring on
+the side of caution, whereas forecasts for the last several
+years had proven over-optimistic.
+    RTZ said it expected to benefit from a rise in U.S. And
+industrial production in 1987. Earlier, RTZ reported 1986 net
+attributable profit of 245 mln stg against 257 mln in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4902" NEWID="15725">
+<DATE> 9-APR-1987 12:27:28.71</DATE>
+<TOPICS><D>trade</D><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C M
+&#22;&#22;&#1;f1651&#31;reute
+r f BC-exports-other-than-co   04-09 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA JAN EXPORTS UP BUT COFFEE VALUES FALL</TITLE>
+<DATELINE>    Bogota, april 9 - </DATELINE><BODY>The value of colombian exports other than
+coffee rose 55 pct in january compared with the same period
+last year, apparently setting a trend for the trade balance in
+1987, government statistics institute figures show.
+    They amounted to 180.8 mln dlrs fob compared with 147.5 mln
+dlrs for coffee, a drop of 42 pct from last year.
+    The trade balance registered a 35 mln dlr surplus, compared
+with a 56 mln dlr surplus in january 1986.
+    The national planning department forecast that in 1987
+coffee, colombia's traditional major export, will account for
+only one-third of total exports, or about 1.5 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4903" NEWID="15726">
+<DATE> 9-APR-1987 12:28:32.31</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1656&#31;reute
+r f BC-LONDON-GRAIN-FREIGHTS   04-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GRAIN FREIGHTS</TITLE>
+<DATELINE>    LONDON, April 9 - FIXTURES - TBN - </DATELINE><BODY>27,000 long tons
+USG/Taiwan 23.25 dlrs fio five days/1,500 1-10/5 Continental.
+    Trade Banner - 30,000 long tons grain USG/Morocco 13.50
+dlrs 5,000/5,000 end-April/early-May Comanav.
+    Reference New York Grain Freights 1 of April 8, ship
+brokers say the vessel fixed by Cam from the Great Lakes to
+Algeria at 28 dlrs is reported to be the Vamand Wave.
+    Reference New York Grain Freights 2 of April 8, they say
+the Cory Grain maize business from East London at 22 dlrs is to
+Japan and not to Spain as reported.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4904" NEWID="15727">
+<DATE> 9-APR-1987 12:28:41.26</DATE>
+<TOPICS><D>sugar</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1657&#31;reute
+r f BC-LONDON-SUGAR-FREIGHTS   04-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON SUGAR FREIGHTS</TITLE>
+<DATELINE>    LONDON, April 9 - FIXTURES - </DATELINE><BODY>TBN 14,00 mt bulk sugar
+Fiji/Prai 16 dlrs fio 10,000/1,000 1-10/5 Fiji Sugar Marketing.
+    TBN 15,000 mt bulk sugar Queensland/Japan 14.65 dlrs fio
+10,000/1,000 20-30/4 CSR.
+    ENQUIRIES - Antwerp/1-3 ports Greece 40,000 mt bagged sugar
+indications 750/750 in shipments of 10,000/15,000 tonnes spread
+from May to July a/c unnamed charterer.
+    Inchon/India 12,600 mt bagged sugar 1,000/1,000 20/4-5/5
+a/c Kaines.
+    Reunion/1-2 ports Portugal 10,000 mt bulk sugar about 20
+dlrs 2,000/750 1-10/5 a/c French charterer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4905" NEWID="15728">
+<DATE> 9-APR-1987 12:28:56.64</DATE>
+<TOPICS><D>grain</D><D>ship</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1658&#31;reute
+r f BC-LONDON-GRAIN-FREIGHT   04-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GRAIN FREIGHT ENQUIRIES</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Antwerp/Libya 5,500 mt bagged flour 14
+daps 24-27/4.
+    New Orleans/Guanta 9,387 mt bulk hss 3,000/13 days
+25-4/5-5.
+    Naantali/Saudi Red Sea 30,000/35,000 mt barley 4,000/3,000
+20-30/4 or early May.
+    Dunkirk/Xingang 12,000 mt bagged flour 1,500/1,700 13-20/4.
+    Toledo/Seaforth 17,000 mt hss offers 18.50 dlrs four
+days/8,000 13-15/4.
+    River Plate/Malaysia 20,000/22,000 long tons hss
+2,000/2,000 Apr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4906" NEWID="15729">
+<DATE> 9-APR-1987 12:29:47.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1663&#31;reute
+r f BC-HOME-SAVINGS-BANK-&lt;HM   04-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SAVINGS BANK &lt;HMSB> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 9 -
+    </DATELINE><BODY>Shr 51 cts vs not given
+    Net 6,089,000 vs 7,310,000
+    NOTE: Company went public in November 1986.
+    Net includes loan loss provisions of 75,000 dlrs vs 30,000
+dlrs and gains on sale of securities of 756,000 dlrs vs
+2,468,000 dlrs pretax.
+    1986 net includes tax credit 1,022,000 dlrs.
+    1987 net includes 2,400,000 dlr gain from tax credit
+resulting in reduction of goodwill.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4907" NEWID="15730">
+<DATE> 9-APR-1987 12:30:13.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>israel</D><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1666&#31;reute
+u f AM-LEBANON-ISRAEL *'*'*'  04-09 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAEL IN NINTH AIR RAID OVER LEBANON THIS YEAR</TITLE>
+<DATELINE>    TEL AVIV, April 9 - </DATELINE><BODY>Israeli helicopter gunships attacked
+Palestinian guerrilla positions near Sidon in southern Lebanon
+today in the ninth air raid over Lebanon this year, the
+military spokesman said.
+    "All our aircraft returned safely to base and the pilots
+reported accurate hits," he said. The aircraft returned ground
+fire, he said.
+    The targets, three buildings on the outskirts of Ain
+el-Hilweh refugee camp, were command posts for planning
+guerrilla attacks, the military said.
+    The army says Israel's air raids on its northern neighbour,
+averaging two a month, are aimed mostly at Palestinian
+guerrilla bases, weapons depots and launching posts for attacks
+against Israel.
+    The last Israeli Air Force attack was on March 23.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4908" NEWID="15731">
+<DATE> 9-APR-1987 12:31:07.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1673&#31;reute
+r f BC-ROSS-STORES-&lt;ROST>-FI   04-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROSS STORES &lt;ROST> FIVE WEEK SALES UP FIVE PCT</TITLE>
+<DATELINE>    NEWARK, Calif., April 9 - </DATELINE><BODY>Ross Stores Inc said its
+five-week sales for the period ended April 4 totaled 44 mln
+dlrs, up five pct from a year earlier.
+    The company said for the two months ended April 4, sales
+totaled 85 mln dlrs, up nine pct from a year ago.
+    Ross stores operates 121 retail stores. It closed 25 of its
+stores earlier this year.
+    It said comparing sales to a year ago, not counting the 25
+stores now closed, sales were up 22 pct in the five-week period
+and up 29 pct in the two month period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4909" NEWID="15732">
+<DATE> 9-APR-1987 12:31:43.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1677&#31;reute
+r f BC-AMOSKEAG-BANK-SHARES   04-09 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOSKEAG BANK SHARES INC &lt;AMKG> 1ST QTR NET</TITLE>
+<DATELINE>    MANCHESTER, N.H., April 9 -
+    </DATELINE><BODY>Shr 70 cts vs 67 cts
+    Net 6,416,000 vs 6,057,000
+    NOTE: Net includes pretax securities sales gains of
+5,900,000 dlrs vs 5,900,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4910" NEWID="15733">
+<DATE> 9-APR-1987 12:32:05.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1680&#31;reute
+d f BC-MSR-EXPLORATION-LTD-&lt;   04-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MSR EXPLORATION LTD &lt;MSR> YEAR LOSS</TITLE>
+<DATELINE>    CUT BANK, Mont., April 9 -
+    </DATELINE><BODY>Shr loss five cts vs profit 10 cts
+    Net loss 381,391 vs profit 736,974
+    Revs 6,161,391 vs 9,241,882
+    NOTE: Canadian dollars.
+    Proved oil reserves at year-end 3.3 mln barrels, up 39 pct
+from a year earlier, and natural gas reserves 4.7 billion cubic
+feet, off nine pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4911" NEWID="15734">
+<DATE> 9-APR-1987 12:35:19.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1697&#31;reute
+r f BC-SEARS-&lt;S>-SALES-REFLE   04-09 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> SALES REFLECT COMPETITIVE PRICING</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>Analysts who follow Sears, Roebuck and
+Co said the company's 4.2 pct sales gain in March by its
+Merchandise Group reflects more competitive pricing and
+continues a pattern of growth started in late 1986.
+    Sears said sales for the five weeks ended April 4 rose to
+2.62 billion dlrs from 2.51 billion dlrs a year earlier.
+    Linda Kristiansen of Paine Webber Inc called the numbers
+"impressive," and said she looks for a full-year sales gain of
+five pct for the nation's largest retailer.
+reuter^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4912" NEWID="15735">
+<DATE> 9-APR-1987 12:36:54.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>israel</D><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1703&#31;reute
+u f BC-ISRAELI-HELICOPTERS-R   04-09 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAELI HELICOPTERS RAID SOUTH LEBANON - RADIO</TITLE>
+<DATELINE>    BEIRUT, April 9 - </DATELINE><BODY>Beirut radio stations said Israeli
+helicopter gunships raided south Lebanon and that one of the
+craft was downed.
+    State owned Beirut Radio quoted witnesses as saying one
+helicopter was apparently shot down by heavy anti-aircraft fire
+as it attacked targets in the Ain al-Hilweh area east of the
+port of Sidon.
+    The Sunni Moslem Voice of the Homeland radio said the
+helicopter was seen falling into the sea.
+    There was no immediate independent confirmation of the
+reports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4913" NEWID="15736">
+<DATE> 9-APR-1987 12:37:04.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1705&#31;reute
+r f BC-SOUTHMARK-&lt;SM>-TO-OFF   04-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHMARK &lt;SM> TO OFFER SPECIAL DIVIDEND</TITLE>
+<DATELINE>    DALLAS, April 9 - </DATELINE><BODY>Southmark Corp said it will issue its
+shareholders a special dividend right to acquire 22 shares of
+American Realty Trust &lt;ARB> for each 100 shares of Southmark
+they own.
+    Each right entitles the holder to buy one share of
+beneficial interest of American Realty Trust at a price of 3.75
+dlrs per share, Southmark said.
+    Southmark said the offer's record date is May 1, with an
+ex-dividend date of April 27, adding that the it will issue the
+rights to shareholders on May 6 and the offer will expire on
+May 22.
+    Southmark said it received the rights on April 6 as the
+holder of about 84 pct of American Realty Trust's outstanding
+shares.
+    Holders of fewer than 455 Southmark shares who would
+receive rights to acquire fewer than 100 American Realty shares
+will be paid cash in lieu of the rights distribution, the
+company said.
+    Southmark said it will compute the cash price paid based on
+the average closing market price of the rights on the American
+Stock Exchange for the first ten days the rights are traded,
+beginning April 6.
+    In order to get the dividend for these rights a Southmark
+shareholder must own common stock on the ex-dividend date,
+April 27, the company said.
+    After that, Southmark said its common stock will be traded
+on an ex-rights basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4914" NEWID="15737">
+<DATE> 9-APR-1987 12:41:45.63</DATE>
+<TOPICS><D>trade</D><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1725&#31;reute
+u f BC-EXPORTS-OTHER-THAN-CO   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPORTS OTHER THAN COFFEE RISE SHARPLY IN COLOMBIA</TITLE>
+<DATELINE>    BOGOTA, April 9 - </DATELINE><BODY>Colombian exports other than coffee rose
+55 pct in January compared with the same period last year,
+figures from the government statistics institute show.
+    Non-coffee exports amounted to 180.8 mln dlrs fob compared
+with 147.5 mln dlrs for coffee, a drop of 42 pct from last
+year.
+    The trade balance registered a 35 mln dlr surplus, compared
+with a 56 mln dlr surplus in January 1986.
+    The national planning department forecast that in 1987
+coffee, Colombia's traditional major export, will account for
+only one third of total exports, or about 1.5 billion dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4915" NEWID="15738">
+<DATE> 9-APR-1987 12:42:10.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D><D>lyng</D></PEOPLE>
+<ORGS><D>gatt</D><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1727&#31;reute
+d f BC-U.S.-TO-PUSH-STRONG-S   04-09 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO PUSH STRONG SUMMIT AGRICULTURE STATEMENT</TITLE>
+<AUTHOR>    By Greg McCune, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The United States will push for a
+strong statement from Western heads-of-state at the June
+economic summit in Venice, urging "comprehensive" negotiations
+on agriculture begin immediately to reduce domestic farm
+subsidies, the senior U.S. planner for the summit said.
+    "Agriculture has really become the number one international
+economic problem," Allen Wallis, undersecretary of state for
+economic affairs, told Reuters in an interview.
+    At the Tokyo economic summit last year, western leaders
+identified agriculture as a major international problem but
+made no specific recommendations. This year, Wallis said the
+U.S. will press for a statement instructing trade ministers to
+begin negotiating on the issue, and include domestic programs.
+    While the Western leaders, including president Reagan, will
+not conduct specific negotiations, Wallis said they can give a
+push to the agriculture talks under the General Agreement on
+Tariffs and Trade (GATT).
+    Wallis said the leaders should endorse a "comprehensive"
+negotiation, which is interpreted as including domestic
+policies as well as import restraints and export subsidies.
+    "They (GATT talks) really have to deal with domestic
+policies, as well as trade arrangements," Wallis said.
+    Trade Representative Clayton Yeutter has said a summit
+statement of support for agriculture talks is part of an
+overall U.S. strategy to build momentum for the GATT farm
+talks.
+    Public statements in recent weeks by several members of the
+Reagan cabinet have stressed the agriculture issue.
+    Yeutter and Agriculture Secretary Richard Lyng will
+repeatedly discuss agriculture during a visit to Japan starting
+next week. Yeutter said agriculture will also be on the agenda
+of the trade ministers "quadrilateral" talks among
+Japan, the European Community, the U.S. and Canada this month.
+    And the ministerial meeting of the Paris-based Organization
+for Economic Cooperation and Development, OECD, in May will
+highlight the agriculture problem, Yeutter said.
+    The OECD in May is expected to release a study of domestic
+farm subsidies which shows that Japan has the highest subsidies
+among industrial countries, but aid to farmers is also generous
+in the EC and United States.
+    The controversial OECD study calculated a measure of farm
+subsidies called the Producer Subsidy Equivalent, PSE, which
+allows farm aid to be compared across countries.
+    Some officials including British Agriculture Minister
+Michael Jopling, have said the PSE could be useful as a method
+of negotiating lower domestic farm subsidies worldwide.
+    However, the State Department's Wallis said while the PSE
+can be useful in negotiations, it has shortcomings and "its not
+definitive."
+    He and other U.S. officials said the Reagan administration
+has not yet reached a decision on a specific U.S. agriculture
+proposal to present to the GATT.
+    "I would expect it (U.S. proposal) to be in the fall,"
+after the series of international meetings, Wallis said.
+    At preliminary meetings of the GATT agriculture committee,
+the United States has pushed for the so-called "freeze and
+rollback" approach. Subsidies would first be frozen at current
+levels, then rolled-back jointly in stages.
+    However, the Reagan administration perplexed some trade
+analysts recently by reacting cooly to a plan by Australian
+prime minister Bob Hawke calling for a similar approach. Hawke
+unveiled a seven-point plan to freeze and subsequently reduce
+the gap between high farm price supports and world prices.
+    Australia is leading a the so-called Cairns group of 13
+coutries pressing for freer agriculture trade.
+    "The proposals that the so-called Cairns group are coming
+up with seem to be focusing on short-run, quick fixes which is
+not what we think is what's called for here," Wallis said.
+    Wallis and other said the U.S. wants a "long-range"
+solution to the agriculture problem.
+    U.S. officials also have criticized the Australian proposal
+because they said it deals primarily with the difference
+between domestic prices and world levels in the EC and U.S.,
+but fails to focus on the question of market access.
+    At the same time the U.S. is rejecting the Australian
+"quick fix", Wallis said the U.S. will press at the summit for
+a declaration urging that agriculture talks be completed
+"expeditiously", or within two years.
+    The unstated U.S. strategy, U.S. officials said, is to keep
+the pressure on the EC this year through the export enhancement
+program and lower value of the dollar, in the hope that a
+sweeping agriculture agreement is possible in 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4916" NEWID="15739">
+<DATE> 9-APR-1987 12:45:02.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1742&#31;reute
+u f BC-TAFT-BROADCASTING-&lt;TF   04-09 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAFT BROADCASTING &lt;TFB> COMPLETES STATION SALE</TITLE>
+<DATELINE>    VIRGINIA BEACH, Va., April 9 - </DATELINE><BODY>TVX Broadcast Group Inc
+&lt;TVXG> said it has completed the previously-announced purchase
+of five Taft television stations.
+    Last week, TVX said the sale, which was scheduled to close
+then, had been delayed.
+    Taft said the purchase price was 240 mln dlrs, as
+previously announced. The price is subject to final
+adjustments, Taft said.
+    Taft did not indicate the size of the gain, if any, it
+would post on the sale.
+    It said the stations are WTAF-Philadelphia,
+WDCA-Washington, WCIX-Miami, KTXA-Dallas and KTXH-Houston.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4917" NEWID="15740">
+<DATE> 9-APR-1987 12:46:32.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>israel</D><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1743&#31;reute
+u f BC-ISRAELI-HELICOPTERS-R   04-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAELI HELICOPTERS RAID SOUTH LEBANON - RADIO</TITLE>
+<DATELINE>    BEIRUT, April 9 - </DATELINE><BODY>Beirut radio stations said Israeli
+helicopter gunships raided south Lebanon and that one of the
+craft was downed.
+    State owned Beirut Radio quoted witnesses as saying one
+helicopter was apparently shot down by heavy anti-aircraft fire
+as it attacked targets in the Ain al-Hilweh area east of the
+port of Sidon.
+    The Sunni Moslem Voice of the Homeland radio said the
+helicopter was seen falling into the sea.
+    There was no immediate independent confirmation of the
+reports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4918" NEWID="15741">
+<DATE> 9-APR-1987 12:46:47.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1745&#31;reute
+u f BC-EC-EXPERTS-TO-STUDY-P   04-09 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC EXPERTS TO STUDY POSSIBLE ACTION AGAINST JAPAN</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>European Community trade experts will
+meet in Brussels tomorrow to discuss possible EC action against
+Japan over trade, British Prime Minister Margaret Thatcher
+said.
+    She told Parliament the officials would examine ideas put
+forward by the U.K. Last weekend. "Trade matters and trade
+initiatives have to be taken by the Community," Thatcher said.
+    She said the experts would focus "on more effective action
+against the dumping of components (by Japan), possible
+unbinding of tariffs on certain products (to allow each EC
+country to set their own tariffs) ... And measures which might
+be necessary to avoid diversion if the United States acts
+against Japan."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4919" NEWID="15742">
+<DATE> 9-APR-1987 12:49:07.67</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1751&#31;reute
+u f BC-U.S.-MARCH-RETAIL-SAL   04-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MARCH RETAIL SALES CUT BY LATE EASTER</TITLE>
+<AUTHOR>    BY Susan Zeidler, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>U.S. retailers' lackluster March sales
+were due to a late Easter, according to analysts who expect a
+recovery in April.
+    "Sales look soft because of the Easter shift, but
+underlying business is better than the numbers indicate," said
+Bear Stearns analyst Monroe Greenstein.
+     Analysts generally average the sales results of March and
+April to account for the variation of Easter's occurance. This
+year, Easter is being observed on April 19, which is three
+weeks later than last year.
+    Analyst Edward Johnson of Johnson Redbook Associates said
+sales for March rose an unadjusted 2.5 to 3.0 pct, and a
+seasonally adjusted 5.5 pct to six pct, compared to an adjusted
+5.7 pct last year.
+    "The obvious question is whether these numbers indicate
+that the consumer activity is slowing, but it does not appear
+to be because liquidity and employment are rising," said
+analyst Jeff Edelman, analyst of Drexel Lambert and Burnham.
+    Overall, analysts said first half sales are coming in
+according to expectations. Sales for all of 1987 are expected
+to rise about 5.5 pct to six pct, up a bit from 1986's rise.
+     In March, sales of housewares, furniture and big ticket
+items were stronger than apparel sales, signaling to many
+analysts that apparel sales will be strong in April as the
+holiday nears.
+    "Sales gains in home appliances and home fashions reflect a
+continuing strength in the housing market," said Edward
+Brennan, chairman of Sears Roebuck and Co &lt;S> which reported an
+overall sales gain of 4.2 pct. Brennan said sales of women's
+sportswear were also excellent.
+    "Sears' total apparel sales was up only modestly, but even
+a modest improvement in apparel is a very good accomplishment
+due to the fact that most people will buy apparel in April,"
+said C.J. Lawrence analysts Harry Mortner. 
+    J.C. Penney Co Inc &lt;JCP> and Dayton Hudson Corp &lt;DH> were
+among the weaker performers with comparable stores sales
+declining 1.5 pct and 4.9 pct, respectively. Penney's store and
+catalog sales declined 1.3 pct overall and Dayton Hudson's
+overall sales rose 4.8 pct.
+    Penney chairman William Howell said, "Sales continued
+strong for catalog operations and, geographically, ranged from
+very active in the east to weak in the economically depressed
+southwest."
+    "Penney's been shifting away from leisure time activity
+wear to other apparel lines, which yield higher profit margins,
+but are currently hurting sales," said Greenstein of Bear
+Stearns.
+    Hudson chairman Kenneth Mackes cited the late Easter for
+the decline. Edelman of Drexel said that "Hudson had a tougher
+comparison because it had an exceptionally good 1986."
+    Most analysts agreed that promotions are slightly lower
+than last year.
+    "Retailers are not planning for much - inventories are
+being kept lean, markdowns are lower than last year, but sales
+are coming through anyway," said CJ Analyst Harry Mortner.
+    Mortner said he expects profits in the first quarter to  
+be better than he had originally expected in the beginning of
+the year.
+    Most retailers report their first quarter in the middle of
+May.
+     MARCH RETAIL SALES FOR MAJOR U.S. RETAILERS
+    STORE       PCT        1987       1986
+    SEARS       4.2     2.6 BIL       2.5 BIL 
+    K MART      4.6     2.2 BIL       2.1 BIL 
+    JC PENNEY  (1.3)    1.1 BIL       1.1 BIL 
+    WAL-MART     32     1.1 BIL       855 MLN
+    FEDERATED   4.9     934 MLN       891 MLN
+    MAY         3.5     885 MLN       855 MLN
+    DAYTON      4.8     792 MLN       756 MLN
+    WOOLWORTH   0.2     591 MLN       590 MLN
+    ZAYRE      12.7     522 MLN       464 MLN
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4920" NEWID="15743">
+<DATE> 9-APR-1987 12:50:06.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1754&#31;reute
+u f BC-LONDON-EURODOLLAR-BON   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON EURODOLLAR BONDS CLOSE LOWER</TITLE>
+<AUTHOR>    By Norma Cohen, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Eurodollar bonds closed as much as a full
+point lower as the dollar fell to a post-war low against the
+yen and interest rates on U.S. Treasuries rose almost to eight
+pct.
+    The dollar fell to 144.30 yen and recovered only slightly
+after foreign exchange traders in New York said the Federal
+Reserve intervened to buy dollars for yen.
+    But despite the dollar's woes, Japan Development Bank,
+wholly owned by the Japanese government, raised 150 mln dlrs in
+a seven-year eurobond carrying an eight pct coupon.
+    Lead manager for the issue, Bank of Tokyo, said the deal,
+at the time of pricing, was to yield 60 basis points over
+comparable maturity Treasuries. However, by the close of
+trading, that spread had narrowed to 55 and continued to slide
+in aftermarket activity.
+    Dealers noted that the spread to Treasuries is wide for a
+newly-priced AAA-rated borrower like Japan Development Bank.
+For example, earlier this week, the World Bank raised U.S. Dlrs
+at only 25 basis points over Treasuries. Dealers said that
+because the borrower comes to market fairly infrequently -- the
+last time was about nine months ago, the spread appears wide.
+    But officials at Bank of Tokyo said the spread is intended
+to compensate for the lack of liquidity and for the uncertainty
+currently associated with owning dollar securities.
+    The officials said the borrower opted to raise funds in
+dollars, despite the currency's weakness, because it is the
+only market deep enough to accommodate an issue of that size.
+Japan Development Bank is not allowed to raise euroyen.
+    Market sources said the deal is likely to be swapped into
+yen as the borrowers previous issues were.
+    Late in the day, the deal was trading just inside its fees
+at less 1.75 less 1.55.
+    Also issued today was a 40 mln dlr five-year offering from
+Toshiba International Finance (Netherlands) carrying a 7-3/8
+pct coupon and priced at 101-1/2.
+    Three equity linked dollar denominated deals were offered,
+the largest of which was a 200 mln dlr offering by Sekisui
+Chemical Co and guaranteed by Sanwa Bank Ltd. The issue has
+equity warrants attached and late in the day it was quoted on
+brokers' screens at 106-1/2, bid only.
+    The Australian dollar market continued active, with
+Canadian Imperial Bank of Commerce offering a bond of 125 mln
+five-year with a zero coupon priced at 54.
+    Late in the day, the deal was quoted at less 1-1/4 bid. A
+similar deal yesterday by Toronto Dominion, priced slightly
+higher at 54.37 pct for an effective yield of 13.52 pct, was
+quoted slightly lower at less 1.37 less 1.25 pct.
+    Dealers said that investors are apparently willing to
+accept zero-coupon bonds yielding 50 to 100 basis points less
+than annual-pay bonds because their are tax benefits for retail
+buyers. Also, the bonds are more volatile and if interest rates
+fall in Australia as many analysts expect, the potential for
+capital gains is greater with a zero-coupon. The bonds are also
+better for those who expect the australian dlr to appreciate.
+    Dealers said that the Australia dlr zero coupon bonds are
+apparently being placed with retail accounts on the European
+continent with very little placement being done in Japan.
+    Euroyen issues sank slightly in line with prices on
+domestic Japanese bond markets but recovered in late trade as
+the yen soared. After the markets closed, the dollar fell to
+144 yen.
+    The European Investment Bank (EIB) issued a 40 mln euroyen
+issue paying 4-5/8 pct over seven years. This is the second
+seven-year yen issue in two days -- a sector of the yield curve
+in Japan that dealers feel has not yet become overpriced.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4921" NEWID="15744">
+<DATE> 9-APR-1987 12:52:28.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>worldbank</D><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1759&#31;reute
+d f BC-WORLD-BANK-TO-SEND-EC   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK TO SEND ECONOMIC MISSION TO BRAZIL</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>World Bank President Barber Conable
+said his agency plans to send a mission to Brazil next week to
+explore economic conditions.
+    Speaking to reporters at the International Monetary Fund
+and World Bank annual meeting, Conable said that he felt
+positive and optimistic that something between Brazil and its
+creditors will be worked out.
+    Conable met last night with Brazilian officials and told
+reporters that "We agreed to send a mission to Brazil next week
+to explore further the state of progress and to get
+clarifications."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4922" NEWID="15745">
+<DATE> 9-APR-1987 12:55:32.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1763&#31;reute
+u f BC-LOWER-U.S.-FARM-PAYME   04-09 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWER U.S. FARM PAYMENT BASE EYED FOR SAVINGS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Reducing the amount of crop base a
+farmer can receive deficiency payments on is being looked at as
+one way to cut the U.S. agriculture budget for fiscal year
+1988, congressional aides and lobbyists said.
+    Rep. Charles Stenholm (D-Tex.) has suggested that the
+planted crop base a producer receives deficiency payments on be
+reduced by five pct, an aide to Stenholm said.
+    The aide said no official proposal has yet been drawn up,
+but that as it becomes more clear exactly how much agriculture
+spending will have to reduced, specific numbers will be
+discussed and a proposal could "very likely" be drafted.
+    Under the proposal, if a farmer idled 20 pct of his acreage
+base and was eligible to plant the remaining 80 pct, he would
+receive payments on only 75 pct of his total base.
+    Current regulations provide farmers with deficiency
+payments on 100 pct of their non-idled acreage.
+    Reducing the payment base by five pct could save around 400
+to 500 mln dlrs, but would have to be applied to the 1987 crop
+programs in order for any savings to accrue in fiscal year
+1988, an Agriculture Department economist said.
+    Stenholm's aide said when the proposal is officially
+offered, it would likely be an amendment to the budget
+reconciliation bill.
+    Other options currently being talked about as a way to cut
+one to two billion dlrs from the farm budget include increasing
+acreage reduction programs, limiting farm payments,
+implementing a 0/92 acreage set-aside program or limiting the
+use of generic in-kind certificates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4923" NEWID="15746">
+<DATE> 9-APR-1987 12:55:42.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1764&#31;reute
+b f BC-GILLETTE-CANADA-ISSUE   04-09 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GILLETTE CANADA ISSUES 70 MLN STG BOND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Gillette Canada Inc is issuing a 70 mln
+stg bond due October 30, 1993 carrying a coupon of 9-5/8 pct
+and priced at 101-1/2, Morgan Stanley Ltd said as lead manager.
+    The issue is guaranteed by Gillette Co and is available in
+denominations of 1,000 and 5,000 stg. Payment date is April 30
+and there is a long first coupon.
+    The issue will be listed in Luxembourg.
+    There is a selling concession of 1-1/4 pct and a combined
+management and underwriting fee of 5/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4924" NEWID="15747">
+<DATE> 9-APR-1987 12:56:59.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1773&#31;reute
+d f BC-GILLETTE-CANADA-ISSUE   04-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GILLETTE CANADA ISSUES 70 MLN STG BOND</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Gillette Canada Inc is issuing a 70 mln
+stg bond due October 30, 1993 carrying a coupon of 9-5/8 pct
+and priced at 101-1/2, Morgan Stanley Ltd said as lead manager.
+    The issue is guaranteed by Gillette Co and is available in
+denominations of 1,000 and 5,000 stg. Payment date is April 30
+and there is a long first coupon.
+    The issue will be listed in Luxembourg.
+    There is a selling concession of 1-1/4 pct and a combined
+management and underwriting fee of 5/8 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4925" NEWID="15748">
+<DATE> 9-APR-1987 12:57:35.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1775&#31;reute
+r f BC-EC-EXPERTS-TO-STUDY-P   04-09 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC EXPERTS STUDY POSSIBLE ACTION AGAINST JAPAN</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>European Community trade experts will
+meet in Brussels tomorrow to discuss possible EC action against
+Japan over trade, British Prime Minister Margaret Thatcher
+said.
+    She told Parliament the officials would examine ideas put
+forward by the U.K. Last weekend. "Trade matters and trade
+initiatives have to be taken by the Community," Thatcher said.
+    She said the experts would focus "on more effective action
+against the dumping of components (by Japan), possible
+unbinding of tariffs on certain products (to allow each EC
+country to set their own tariffs) ... And measures which might
+be necessary to avoid diversion if the United States acts
+against Japan."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4926" NEWID="15749">
+<DATE> 9-APR-1987 12:57:48.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1777&#31;reute
+b f BC-******FIRST-INTERSTAT   04-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST INTERSTATE EXPECTS BRAZIL, ECUADOR LOAN ACTIONS TO CUT 1987 NET BY 15.4 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4927" NEWID="15750">
+<DATE> 9-APR-1987 12:59:16.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM
+&#22;&#22;&#1;f1779&#31;reute
+u f BC-WORLD-BANK-TO-SEND-EC   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK TO SEND ECONOMIC MISSION TO BRAZIL</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>World Bank President Barber Conable
+said his agency plans to send a mission to Brazil next week to
+explore economic conditions.
+    Speaking to reporters at the International Monetary Fund
+and World Bank annual meeting, Conable said that he felt
+positive and optimistic that something between Brazil and its
+creditors will be worked out.
+    Conable met last night with Brazilian officials and told
+reporters, "We agreed to send a mission to Brazil next week to
+explore further the state of progress and to get
+clarifications."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4928" NEWID="15751">
+<DATE> 9-APR-1987 13:00:09.79</DATE>
+<TOPICS><D>veg-oil</D><D>soy-oil</D></TOPICS>
+<PLACES><D>usa</D><D>morocco</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1781&#31;reute
+u f BC-MOROCCO-TENDERS-FOR-5   04-09 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOROCCO TENDERS FOR 55,000 TONNES PL 480 SOYOIL</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>Morocco is scheduled to tender April 14
+for a total of 55,000 tonnes of U.S. soyoil under PL-480 for
+shipments from May through September, private export sources
+said.
+    The tender calls for shipment of 6,100 tonnes in May,
+12,200 tonnes each in June, July and August and 12,300 tonnes
+in September, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4929" NEWID="15752">
+<DATE> 9-APR-1987 13:02:01.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1790&#31;reute
+u f BC-REAGAN-DECLARES-MAINE   04-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN DECLARES MAINE DISASTER AREA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>President Reagan declared that a
+major disaster existed in the State of Maine in following
+severe storms and flooding there, paving the way for federal
+relief and reconstruction assistance.
+    In announcing Reagan's action, the White House said in a
+written statement that Androscoggin, Franklin, Kennebec,
+Oxford, Penobscot, Piscataquis and Somerset counties would be
+eligible for federal aid.
+    Those counties were hit by storms and flooding in late
+March and early April.           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4930" NEWID="15753">
+<DATE> 9-APR-1987 13:02:32.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1794&#31;reute
+u f BC-MIDLANTIC-CORP-&lt;MIDL>   04-09 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDLANTIC CORP &lt;MIDL> 1ST QTR NET</TITLE>
+<DATELINE>    EDISON, N.J., April 9 -
+    </DATELINE><BODY>Shr diluted 1.18 dlrs vs 1.04 dlrs
+    Net 45.0 mln vs 39.2 mln
+    Assets 16.7 billion vs 15.2 billion
+    Deposits 13.0 billion vs 12.1 billion
+    Loans 11.9 billion vs 10.1 billion
+    NOTE: Results restated for merger of Midlantic Banks Inc
+and Continental Bancorp Inc on January 30, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4931" NEWID="15754">
+<DATE> 9-APR-1987 13:05:33.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1818&#31;reute
+r f BC-YOUNG-AND-RUBICAM-IS   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YOUNG AND RUBICAM IS DEFENDENT IN ATT &lt;T> SUIT</TITLE>
+<DATELINE>    STAMFORD, Conn., April 9 - </DATELINE><BODY>&lt;Worldwide 800 Services Inc>,
+whose Service 800 unit recently filed a lawsuit against
+American Telephone and Telegraph Co for false advertising and
+anti-competitive practices, said it has named &lt;Young and
+Rubicam>, an advertising firm, as a defendent in the case.
+    Worldwide said Young and Rubicam designed and placed the
+ATT advertisements in question.
+    The amended complaint, filed in the U.S. District Court for
+the Northern District of Illinois Eastern Division, seeks
+injuctive relief damages, the company said.
+    The suit charges Young and Rubicam with misrepresenting
+ATT's involvement in the toll-free international dialing
+service network through a series of false and misleading
+advertisements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4932" NEWID="15755">
+<DATE> 9-APR-1987 13:05:44.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1819&#31;reute
+d f BC-CANADIAN-AIRLINES,-FL   04-09 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN AIRLINES, FLYING TIGER IN PACT</TITLE>
+<DATELINE>    MONTREAL, April 9 - </DATELINE><BODY>(Canadian Airlines International Ltd)
+said it signed an agreement with (The Flying Tiger Line Inc),
+that will offer Canada's first around-the-world cargo service.
+    The service, from Mirabel airport, will link Canada to a
+large network of worldwide air freight markets using wide-body
+B747 freighter aircraft, Canadian Airlines said.
+    It said the agreement calls for the two companies to share
+aircraft capacity on a 50/50 basis and compete independently
+for cargo on the route.
+    The airline said the joint operating agreement will give
+Canadian shippers a fast, reliable and cost effective way of
+moving their products to major markets, including the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4933" NEWID="15756">
+<DATE> 9-APR-1987 13:05:48.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1820&#31;reute
+d f BC-A.T.-BROD-NAMES-NEW-P   04-09 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A.T. BROD NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>A.T. Brod and Co Inc, an investment
+banking firm, said Michael L. Brod has been named president and
+chief operating officer, succeeding his father Albert T. Brod,
+who remains chairman and chief executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4934" NEWID="15757">
+<DATE> 9-APR-1987 13:05:52.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1821&#31;reute
+d f BC-COMMUNITY-BANK-SYSTEM   04-09 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNITY BANK SYSTEM INC &lt;CBSI> 1ST QTR NET</TITLE>
+<DATELINE>    SYRACUSE, N.Y., April 9 -
+    </DATELINE><BODY>Shr 46 cts vs 49 cts
+    Net 1,101,551 vs 831,398
+    NOTE: Share adjusted for two-for-one stock split in May
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4935" NEWID="15758">
+<DATE> 9-APR-1987 13:07:04.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1826&#31;reute
+r f BC-GOLDMAN-SACHS-SELLS-'   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDMAN SACHS SELLS 'PERLS' AT 13-1/4 PCT RATE</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Sole underwriter Goldman, Sachs and Co
+said it is publicly offering 40.05 mln dlrs of principal
+exchange rate linked securities, or "PERLS," due 1991 that it
+purchased from Westinghouse Electric Corp &lt;WX>.
+    The securities have a 13-1/4 pct coupon and par pricing.
+Interest will be paid in U.S. dlrs. At maturity, investors will
+receive the principal amount of their holdings in New Zealand
+dlrs, Goldman Sachs detailed.
+    Non-callable for life, the issue is rated A-1 by Moody's
+and AA-minus by Standard and Poor's. PERLS are relatively new 
+in the domestic debt market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4936" NEWID="15759">
+<DATE> 9-APR-1987 13:07:11.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1827&#31;reute
+r f BC-FITCHBURG-GAS-&lt;FGE>-R   04-09 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FITCHBURG GAS &lt;FGE> RAISES QUARTERLY</TITLE>
+<DATELINE>    BEDFORD, N.H., April 9 -
+    </DATELINE><BODY>Qtly div 38 cts vs 35 cts prior
+    Pay May 15
+    Record May One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4937" NEWID="15760">
+<DATE> 9-APR-1987 13:07:59.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1829&#31;reute
+r f BC-FITCHBURG-GAS-&lt;FGE>-P   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FITCHBURG GAS &lt;FGE> PLANS TO ISSUE NOTES</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Fitchburg Gas and Electric Light Co
+said its Board of Directors authorized a filing with the
+Massachusetts Department of Public Utilities seeking authority
+to issue up to 27 mln dlrs of long-term notes.
+    Proceeds will be used to redeem, after June one, all
+outstanding shares of the company's cumulative preferred stock,
+four dlr series, redeem certain outstanding long-term
+indebtedness and repay outstanding short-term indebtedness.
+    Fitchburg said this would lower its cost of capital in the
+future and give the utility an opportunity to reduce existing
+lines of credit.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4938" NEWID="15761">
+<DATE> 9-APR-1987 13:08:25.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1830&#31;reute
+u f AM-TRADE-AMERICAN   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., JAPANESE TRADE OFFICIALS OPEN TALKS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>A senior Japanese trade official met
+U.S. negotiators in an emergency effort to try to head off new
+high American tariffs on Japanese semiconductor goods set to go
+into effect on April 17.
+     The vice minister of Ministry of International Trade and
+Industry, Makoto Kuroda, flew in from Tokyo for the talks with
+Deputy U.S. Trade Representative Michael Smith.
+    A second round of talks is set for tomorrow.
+    U.S. officials have said Japan has failed to live up to its
+semiconductor agreement with the U.S. and there was little that
+could be done now to avert the 300 mln dlrs in tariffs.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4939" NEWID="15762">
+<DATE> 9-APR-1987 13:08:39.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1831&#31;reute
+r f BC-NORTHERN-TRUST-&lt;NTRS>   04-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN TRUST &lt;NTRS> NET HURT BY BRAZIL LOANS</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>Northern Trust Corp said its first
+quarter earnings were reduced by 875,000 dlrs by placing 53.2
+mln dlrs of loans to Brazil and six mln dlrs in loans to
+Ecuador on a cash basis.
+    Should these loans remain on nonperforming basis for the
+rest of 1987, net income for year will be cut by about 3.2 mln
+dlrs, the bank said.
+    Earlier it posted net income for the period of 14.7 mln
+dlrs or 87 cts a share, up from 11.7 mln dlrs or 73 cts a
+share.
+    Total nonperforming assets were 114.1 mln dlrs at March 31,
+up from 53.4 mln dlrs at December 31 and 79 mln dlrs at March
+31, 1986 the bank said.
+    The provision for loan losses for the first quarter was
+eight mln dlrs compared to 11 mln a year ago. Net loan charge
+offs were six mln dlrs, down from 11 mln dlrs a year ago.
+    The reserve for loan losses was 78.1 mln dlrs, or two pct
+of outstanding loans, higher than the 56 mln dlrs of 1.65 pct
+of loans outstanding at March 31, 1986.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4940" NEWID="15763">
+<DATE> 9-APR-1987 13:10:00.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1833&#31;reute
+u f BC-GERMAN-BANKER-CALLS-F   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKER CALLS FOR MORE TAX CUTS</TITLE>
+<DATELINE>    BONN, April 9 - </DATELINE><BODY>A further cut in West German taxes to
+overcome the current weakness of the domestic economy has been
+called for by Thomas Wegscheider, management board chairman of
+Bank fuer Gemeinwirtschaft AG.
+    He said in  an interview due in tomorrow's Die Welt
+newspaper that tax cuts already decided by the government
+should be expanded by implementation of the "Stability Law,"
+which allows tax cuts of up to 10 pct for a limited period.
+    Wegscheider also said a temporary rise in state borrowing
+resulting from such cuts would be tolerable, according to
+excerpts of his remarks released early by Die Welt.
+    In line with a pledge made at the Paris monetary conference
+in February, the government announced in March that 5.2 billion
+marks worth of tax cuts would be added on to reductions of some
+nine billion marks already scheduled for next year.
+    Wegscheider said the Bundesbank should pursue its policies
+aimed at lower interest rates and said a reduction in money
+market rates could encourage private capital market investment.
+    Earlier today the Bundesbank's vice-president Helmut
+Schlesinger said the central bank saw no current reason to
+change its monetary course.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4941" NEWID="15764">
+<DATE> 9-APR-1987 13:10:07.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1834&#31;reute
+r f BC-GE-&lt;GE>-GETS-PORTUGUE   04-09 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> GETS PORTUGUESE ENGINE ORDER</TITLE>
+<DATELINE>    EVENDALE, Ohio, April 9 - </DATELINE><BODY>General Electric Co said it has
+received a 60 mln dlr order to provide CF6-80C2 engines for
+three &lt;Airbus Industrie> A310-300 aircraft bought by TAP Air
+Portugal.
+    It said aircraft deliveries are scheduled to start in late
+1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4942" NEWID="15765">
+<DATE> 9-APR-1987 13:14:05.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1848&#31;reute
+u f BC-SWISS-AGREE-ON-NEW-PR   04-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS AGREE ON NEW PROSPECTUS RULES FOR NOTES</TITLE>
+<AUTHOR>    By Peter Conradi</AUTHOR>
+<DATELINE>    ZURICH, April 9 - </DATELINE><BODY>Swiss franc notes issued after May 1 must
+be provided with a prospectus, virtually erasing the difference
+in information requirements between notes and public bonds,
+according to a convention drafted by the Bankers' Federation.
+    The convention requires that lead managers draw up a
+prospectus naming all syndicate members and providing certain
+details about the borrower.
+    In contrast to public issues, though, the prospectus must
+merely be made available to clients on request via all
+syndicate banks rather than published and distributed in
+printed form.
+    The convention, which was approved by banks earlier this
+month, replaces an earlier convention dating from 1984 and
+deals with what had been widely seen as an increasingly
+anachronistic distinction between notes and public issues.
+    Its publication follows a long debate among bankers on the
+amount of information that should be provided by borrowers,
+heightened by difficulties with Swiss franc issues here on
+recent occasions .
+    It applies to all notes in units of at least 50,000 Swiss
+francs, the usual denomination, which are placed directly with
+customers by the syndicate and not quoted on the bourse.
+    Anything smaller than 50,000 francs will be governed by the
+unchanged, more demanding rules that apply to public issues.
+    Bankers contacted by Reuters said they did not envisage
+that the new requirement would present them with problems or
+push up fees. Many banks said that they had for some time been
+providing more than the legal minimum of information.
+    Traditionally, notes or private placements, as they were
+also known, were medium term instruments denominated in 50,000
+francs and placed largely with institutional investors.
+    They were normally not brought onto the open market and
+never quoted on the stock exchange.
+    But over the years the distinction between notes and the
+publicly quoted and traded bonds gradually broke down. The
+National Bank therefore last May abolished all remaining
+restrictions on maturities and denominations which still
+formally divided them.
+    However, it was not in the competence of the National Bank
+to rule on prospectuses and banks have since continued largely
+as before: public issues, generally quoted on stock exchanges,
+have been provided with detailed prospectuses, while notes,
+virtually always not-quoted, have been equipped only with
+"information memorandums" with varying degrees of detail.
+    The new convention attempts to put an end to this. It says
+each notes prospectus must contain the following seven points:
+    - The precise terms of the issue
+    - Details of the company performance if it is more than six
+months since the last annual report
+    - Naming of all guarantors
+    - The source of the information
+    - Details of ratings, insofar as they have been made
+    - For equity linked notes, details of where the company's
+shares are listed and price high and lows over at least the
+last three years.
+    - That the lead manager has required the borrower to
+provide information during the lifetime of the notes on the
+progress of his business.
+     According to figures from Swiss Bank Corp, total note
+issues by foreign borrowers reached 18.6 billion Swiss francs
+last year, compared with 23.6 billion francs borrowed in the
+form of public bonds.
+    A majority of the note issues were for Japanese borrowers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4943" NEWID="15766">
+<DATE> 9-APR-1987 13:16:46.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f1859&#31;reute
+r f BC-bas/rio-091037   04-09 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL GOVERNORS CALL FOR REMOVAL OF FUNARO</TITLE>
+<DATELINE>    RIO DE JANEIRO, April 9 - </DATELINE><BODY>Brazil's political crisis appears
+to be deepening as powerful state governors are calling for the
+removal of Finance Minister Dilson Funaro, chief architect of
+economic policy.
+    Commentators said their call, front-page headlines in
+today's press, laid bare President Jose Sarney's political
+weakness and highlighted Brazil's economic planning turmoil.
+    The demand for Funaro's resignation came last night from
+four governors with much combined political clout, those of Sao
+Paulo, Rio de Janeiro, Minas Gerais and Mato Grosso do Sul. At
+a news conference in Sao Paulo, they delivered a blunt message
+-- the economy was in crisis and they wanted a new ministerial
+team to shape policy. Otherwise there was a risk of social
+chaos.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4944" NEWID="15767">
+<DATE> 9-APR-1987 13:17:35.88</DATE>
+<TOPICS><D>lead</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M F
+&#22;&#22;&#1;f1861&#31;reute
+u f BC-st-joe-zinc-price   04-09 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOE RUN RAISES LEAD PRICE 0.50 CT TO 26.50 CTS</TITLE>
+<DATELINE>    ST LOUIS, MO., April 9 - </DATELINE><BODY>Doe Run Company said it is
+increasing the price of its corroding grade lead by one-half
+cent to 26.50 cents a lb, effective immediately.
+    The price is quoted FOB, Herculaneum, Mo., and FOB, Boss,
+Mo., with freight allowed for carload quantities.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4945" NEWID="15768">
+<DATE> 9-APR-1987 13:17:58.58</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1863&#31;reute
+r f BC-SPAIN'S-FOREIGN-RESER   04-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN'S FOREIGN RESERVES RISE IN FEBRUARY</TITLE>
+<DATELINE>    MADRID, April 9 - </DATELINE><BODY>Spain's foreign reserves rose by 905 mln
+dlrs in February to total 17.05 billion dlrs, compared with
+14.11 billion dlrs in February 1986, Bank of Spain figures
+show.
+    Under a new accounting system introduced this month,
+Spain's foreign reserves now exclude foreign currency held by
+financial institutions.
+    Under the previous system, Spain's foreign reserves would
+have risen by 391 mln dlrs in February, taking into account a
+fall of 514 mln dlrs in financial institutions' foreign
+currency position.
+    In January this year, the Central Bank's foreign reserves
+rose by 143 mln dlrs, while financial institutions' foreign
+currency position fell by 118 mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4946" NEWID="15769">
+<DATE> 9-APR-1987 13:20:30.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1869&#31;reute
+r f BC-&lt;SULPETRO-LTD>-1ST-QT   04-09 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SULPETRO LTD> 1ST QTR JAN 31 LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, April 9 -
+    </DATELINE><BODY>Shr not given
+    Net loss 9,900,000 vs loss 17,300,000
+    Revs 14.7 mln vs 29.8 mln
+    Note: Previous loss restated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4947" NEWID="15770">
+<DATE> 9-APR-1987 13:21:43.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1873&#31;reute
+r f BC-S/P-MAY-DOWNGRADE-GEN   04-09 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY DOWNGRADE GENERAL INSTRUMENT &lt;GRL></TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Standard and Poor's Corp said it may
+downgrade the A-2 commercial paper of General Instrument Corp.
+    S and P cited the firm's 80 mln dlr loss for fiscal 1987
+and a 90 mln dlr loss on discontinued micro-electronic and
+opto-electronic businesses and venture investments.
+    These losses, coupled with restructuring and re-evaluation
+actions, have led to poor earnings and cash flow since fiscal
+1985. Stockholders equity fell 25 pct since fiscal year-end
+1984 to a 465 mln dlr pro forma level, S and P said.
+    S and P said it will assess the effects of management's
+restructuring plans on credit quality and profit improvement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5126" NEWID="15771">
+<DATE> 9-APR-1987 13:22:29.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1877&#31;reute
+d f BC-GENERAL-PHYSICS-&lt;GPHY   04-09 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL PHYSICS &lt;GPHY> FORMS NEW UNIT</TITLE>
+<DATELINE>    MONROEVILLE, Pa., April 9 - </DATELINE><BODY>General Physics Corp said it
+has formed a new business unit called HP Technical Services to
+furnish health physics technicians and radiological engineers
+and scientists to the electric utility industry for use in
+nuclear power plants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5127" NEWID="15772">
+<DATE> 9-APR-1987 13:22:40.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1878&#31;reute
+d f BC-WESTERN-FEDERAL-SAVIN   04-09 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN FEDERAL SAVINGS BANK &lt;WFPR> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 9 -
+    </DATELINE><BODY>Shr 74 cts vs 92 cts
+    Net 1,300,450 vs 1,600,258
+    NOTE: Share adjusted for 10 pct stock dividend in July
+1986.
+    Company based in Mayaguez, Puerto Rico.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5128" NEWID="15773">
+<DATE> 9-APR-1987 13:23:22.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1880&#31;reute
+d f BC-FEDERATED-GROUP-&lt;FEGP   04-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED GROUP &lt;FEGP> POSTS HIGHER MARCH SALES</TITLE>
+<DATELINE>    CITY OF COMMERCE, Calif., April 9 - </DATELINE><BODY>Federated Group Inc
+said its sales for the five weeks ended April five totaled 33.9
+mln dlrs, compared with 33.8 mln during the same period last
+year.
+    Comparable store sales fell eight pct to 29.4 mln dlrs from
+32.1 mln a year earlier, the company said.
+    Federated said it now has 65 stores in operation compared
+with 59 during the like period a year ago.
+              
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5129" NEWID="15774">
+<DATE> 9-APR-1987 13:24:07.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1884&#31;reute
+d f BC-USAIR-&lt;U>-CUTS-ATLANT   04-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> CUTS ATLANTA COACH FARES</TITLE>
+<DATELINE>    ATLANTA, April 9 - </DATELINE><BODY>USAir Group Inc said it is reducing
+coach fares up to 62 pct between Atlanta and 21 destinations
+for travel April 12 through June 15.
+    The fares are non-refundable and applicable to roundtrip
+flights. Reservations must be made at least two days in advance
+and tickets purchased within 24 hours after reservations are
+made, the company said.
+    Roundtrip fares between Atlanta and Pittsburgh, for
+example, would be 178 dlrs instead of 478 dlrs, USAir said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5130" NEWID="15775">
+<DATE> 9-APR-1987 13:24:30.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1886&#31;reute
+d f BC-NUTMEG-INDUSTRIES-&lt;NU   04-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUTMEG INDUSTRIES &lt;NUTM> IN LICENSING DEAL</TITLE>
+<DATELINE>    TAMPA, Fla., April 9 - </DATELINE><BODY>Nutmeg Industries Inc said it has
+agreed in principle on a license deal with United Media/United
+Feature Syndicate Inc under which it would have the right to
+sell a line of men's spectator sportswear bearing the
+likenesses of characters from Charles M. Schulz' "Peanuts"
+comic strip.
+    The company said the license runs through December 1988 and
+has renewal options for two more years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5131" NEWID="15776">
+<DATE> 9-APR-1987 13:25:08.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1889&#31;reute
+d f BC-FIRM-TO-OFFER-TELEVIS   04-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRM TO OFFER TELEVISION PROGRAMMING FOR SHIPS</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Shipboard Satellite Network Inc &lt;SSN>
+said it will offer television service delivered by satellite to
+ships at sea beginning June 1.
+    The company, whose initial public offering began yesterday,
+said its programming will include a mix of general and
+financial news, sports and talk shows. In addition, the company
+said it plans to offer first-run movies, sports and
+entertainment specials.
+    The company said its programming will be transmitted
+several times a day to passenger cabins and lounges.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5132" NEWID="15777">
+<DATE> 9-APR-1987 13:25:17.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1891&#31;reute
+d f BC-FINAL-TEST-INC-&lt;FNLT>   04-09 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINAL TEST INC &lt;FNLT> 4TH QTR LOSS</TITLE>
+<DATELINE>    DALLAS, April 9 -
+    </DATELINE><BODY>Shr loss six cts vs loss 88 cts
+    Net loss 123,840 vs loss 1,298,377
+    Revs 1,333,416 vs 385,146
+    Year
+    Shr profit six cts vs loss 1.47 dlrs
+    Net profit 124,872 vs loss 2,171,011
+    Revs 4,618,232 vs 2,959,141
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5133" NEWID="15778">
+<DATE> 9-APR-1987 13:25:55.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1894&#31;reute
+d f BC-PROTECTIVE-LIFE-&lt;PROT   04-09 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROTECTIVE LIFE &lt;PROT> IN ACQUISITION</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., April 9 - </DATELINE><BODY>Protective Life Corp said it
+has signed a letter of intent to assume &lt;Liberty Life Insurance
+Co's> group insurance on July 1, subject to regulatory
+approvals.
+    Terms were not disclosed.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5134" NEWID="15779">
+<DATE> 9-APR-1987 13:26:37.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1898&#31;reute
+h f BC-DIGITAL-COMMUNICATION   04-09 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL COMMUNICATIONS &lt;DCAI> SELLS SWITCHES</TITLE>
+<DATELINE>    ATLANTA, April 9 - </DATELINE><BODY>Digital Communications Associates Inc
+said Bank South Corp &lt;BKSO> purchased several of its recently
+introduced System 9000 intelligent T-1 switching systems.
+    DCA said the switching systems will be used to transmit
+voice and data between the bank's downtown banking location
+here and its new operations center near Atlanta's Hartsfield
+International Airport.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5135" NEWID="15780">
+<DATE> 9-APR-1987 13:28:38.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1903&#31;reute
+s f BC-A.O.-SMITH-CORP-&lt;SMC>   04-09 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A.O. SMITH CORP &lt;SMC> SETS QUARTERLIES</TITLE>
+<DATELINE>    MILWAUKEE, April 9 -
+    </DATELINE><BODY>Qtly divs Class A and B 20 cts vs 20 cts
+    Pay May 15
+    Record April 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5136" NEWID="15781">
+<DATE> 9-APR-1987 13:29:11.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1904&#31;reute
+r f AM-SONY   04-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONY CHAIRMAN PLAYS DOWN TRADE CONFLICT</TITLE>
+<DATELINE>    COLMAR, France, April 9 - </DATELINE><BODY>Sony Corp &lt;SNE.T> chairman Akio
+Morita played down the U.S.-Japanese trade conflict, saying
+that direct investment abroad was the most effective way to
+reduce Japan's trade surplus.
+    Morita was speaking at the official opening of a 100
+million franc (16.4 million dollars) compact disc player
+factory in eastern France.
+    He said trade friction between the U.S. And Japan over
+high-technology was a very complicated and delicate issue but
+that Sony intended to invest directly throughout the world.
+    Referring to the European Community's stance against
+turnkey plants, he said: "I know Brussels is not very favourable
+to these so-called new Japanese 'screwdriver factories', but in
+Sony's case our policy is quite different."
+    The Colmar plant, Sony's third in France, would eventually
+use local components and be a purely French factory, he said.
+     Sony France SA was established in 1973. Its 1986 sales
+were two billion francs (327 mln dlrs) and the company says it
+expects sales of 2.7 billion francs (443 mln dlrs) in 1987.
+Sony's other two French plants, in the south west of the
+country, export over 80 per cent of their production.
+    Company officials say that production from Sony's European
+factories currently accounts for over 30 per cent of the
+group's European sales and they expect this to increase. In
+1986 over 20 per cent of Sony's eight billion dollar worldwide
+sales were made in Europe.
+    At the beginning of 1987, Sony employed about 1,100 people
+in Europe. The group plans to open a compact disc software
+factory in Austria this summer and an audio cassette plant in
+Italy next year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5137" NEWID="15782">
+<DATE> 9-APR-1987 13:29:40.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1905&#31;reute
+r f BC-CENTRAL-BANCORP-INC-&lt;   04-09 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANCORP INC &lt;CBAN> 1ST QTR NET</TITLE>
+<DATELINE>    CINCINNATI, April 9 -
+    </DATELINE><BODY>Shr 1.02 dlrs vs 78 cts
+    Net 14.4 mln vs 11.0 mln
+    NOTE: 1987 net includes gain 2,222,000 dlrs from
+termination of pension plan.
+    Results restated for pooled acquisitions and share adjusted
+for stock dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5138" NEWID="15783">
+<DATE> 9-APR-1987 13:30:40.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1909&#31;reute
+r f BC-NEW-JERSEY-STEEL-FILE   04-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW JERSEY STEEL FILES FOR INITIAL STOCK SALE</TITLE>
+<DATELINE>    SAYREVILLE, N.J., April 9 - </DATELINE><BODY>&lt;New Jersey Steel Corp> said it
+filed a registration statement with the Securities and Exchange
+Commission for the initial public offering of 1.8 mln shares of
+common stock at an estimated price of 20 dlrs to 22 dlrs a
+share.
+    The company said it would sell one mln shares and that &lt;Von
+Roll Ltd>, would sell the remaining 800,000 shares.
+    Proceeds from the offering, to be made through an
+underwriting group managed by PaineWebber Inc, will be used for
+capital expenditures and repayment of long-term debt owed to
+Von Roll, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5139" NEWID="15784">
+<DATE> 9-APR-1987 13:31:56.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1919&#31;reute
+r f BC-MARS-STORES-&lt;MXXX>-MA   04-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARS STORES &lt;MXXX> MARCH SALES FALL</TITLE>
+<DATELINE>    DIGHTON, Mass., April 9 - </DATELINE><BODY>Mars Stores Inc said sales for
+the five weeks ended April 4 were off 22.3 pct to 8,242,525
+dlrs from 10.6 mln dlrs a year earlier.
+    The company said sales for the first nine weeks of its
+fiscal year were off 14.5 pct to 14.1 mln dlrs from 16.5 mln
+dlrs a year before.
+    Results exclude the discontiued Big Value Outlet division,
+it said, and are not directly comparable because Easter fell in
+March last year and will fall late in April this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5140" NEWID="15785">
+<DATE> 9-APR-1987 13:32:06.7</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1921&#31;reute
+h f BC-&lt;EMCOR>-COMPLETES-SAL   04-09 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;EMCOR> COMPLETES SALE OF STOCK TO INVESTORS</TITLE>
+<DATELINE>    SOUTH PLAINFIELD, N.J., April 9 - </DATELINE><BODY>Emcore said it completed
+the sale of 4.1 mln dlrs of stock to Citicorp Venture Capital
+Ltd, Concord Ventures of Dillon Read and Co and private
+investors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5141" NEWID="15786">
+<DATE> 9-APR-1987 13:37:35.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1933&#31;reute
+u f BC-FHLBB-HIRES-ADVISOR-F   04-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB HIRES ADVISOR FOR FINANCIAL CORP &lt;FIN></TITLE>
+<DATELINE>    IRVINE, Calif., April 9 - </DATELINE><BODY>The Federal Home Loan Bank Board
+has retained Salomon Bros to seek ways to inject new capital
+into Financial Corp of America, a Financial Corp spokeswoman
+said.
+    Financial Corp, which recently has held preliminary talks
+with unidentified parties concerning a possible acquisition of
+the company, is also negotiating with a firm to advise and
+represent it in matters regarding potential acquisition matters
+as they may arise, Financial Corp said last month.
+    The Financial Corp spokeswoman said there have been no new
+developments since the company announced the preliminary talks
+on March 27.
+    Financial Corp, parent of American Savings and Loan
+Association, the nation's largest thrift, has repeatedly said
+it would give serious consideration to a merger as a means of
+rapidly improving its capital position.
+    The company has also said it would need more than one
+billin dlrs of capital to bring its regulatory net worth up to
+regulatory requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5142" NEWID="15787">
+<DATE> 9-APR-1987 13:43:03.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1953&#31;reute
+r f BC-SEC-TO-HOLD-HEARING-A   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC TO HOLD HEARING AGAINST BROKER</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>The Securities and Exchange Commission
+said it will hold a public hearing against Martin Saposnick,
+who was a co-underwriter of a 1983 public offering of North
+Atlantic Airlines Inc.
+    The SEC claims that Saposnick, chairman of Marsan
+Securities Co Inc, knew the offering prspectus failed to
+adequately disclose the company's delinquent federal and state
+taxes and its inability to pay debts when due.
+    No specific date was set. The SEC said the hearing will
+determine whether Saposnick misrepresented compliance with
+NASDAQ and if so, will determine remedial action.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5143" NEWID="15788">
+<DATE> 9-APR-1987 13:43:32.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1954&#31;reute
+r f BC-MICHIGAN-GENERAL-&lt;MGL   04-09 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICHIGAN GENERAL &lt;MGL> EXTENDS EXCHANGE OFFER</TITLE>
+<DATELINE>    SADDLE BROOK, N.J., April 9 - </DATELINE><BODY>Michigan General Corp said it
+has extended its exchange offer for its 10-3/4 pct senior
+subordinated debentures due December 1, 1988 until April 23.
+    It said the offer is being extended to allow it to conclude
+talks with its lender and with representatives of the holders
+of 75 pct of the debentures on the terms of the offer.
+    The holders have indicated their intention to tender and to
+reach an agreement with the company, Michigan General said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5144" NEWID="15789">
+<DATE> 9-APR-1987 13:44:16.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1955&#31;reute
+r f BC-ENDOTRONICS-&lt;ENDO>-NA   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENDOTRONICS &lt;ENDO> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., April 9 - </DATELINE><BODY>Endotronics Inc said Richard
+Sakowicz has been named president, chief executive officer and
+a director, effective April 13.
+    Sakowicz, recently vice president at Control Data Corp
+&lt;CDA>, succeeds John Wright who will be resigning, it said.
+    In other action, the company said that Burton Merical has
+been retained as a consultant to provide management and
+financial advisory services and to act as chief financial
+officer.  Merical has provided consulting services to companies
+who have successfully reorganized under Chapter 11 bankruptcy
+proceedings, Endotronics noted.
+    In late March, Endotronics reported that its auditing firm
+said its opinion for the fiscal year ended September 30, 1986
+"should no longer be relied upon." The company also reported at
+the time, that it was the subject of a formal private
+investigation by the Securities and Exchange Commission and the
+Federal Bureau of Investigation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5145" NEWID="15790">
+<DATE> 9-APR-1987 13:44:42.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1957&#31;reute
+d f BC-VLSI-TECHNOLOGY-INC-&lt;   04-09 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VLSI TECHNOLOGY INC &lt;VLSI> 1ST QTR NET</TITLE>
+<DATELINE>    SAN JOSE, Calif., April 9 -
+    </DATELINE><BODY>Shr seven cts vs six cts
+    Net 1,612,000 vs 1,406,000
+    Revs 38.2 mln vs 34.3 mln
+    Avg shrs 23,742,000 vs 22,945,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5146" NEWID="15791">
+<DATE> 9-APR-1987 13:44:55.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1959&#31;reute
+d f BC-U.S.-HEALTHCARE-&lt;USHC   04-09 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HEALTHCARE &lt;USHC> TO RUN HMO IN DELAWARE</TITLE>
+<DATELINE>    BLUE BELL, Pa., April 9 - </DATELINE><BODY>U.S. Healthcare Inc said it has
+been granted a certificate of authority to operate a health
+maintenance organization in Delaware by the Delaware Department
+of Health and Social Services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5147" NEWID="15792">
+<DATE> 9-APR-1987 13:48:22.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1968&#31;reute
+r f AM-UGANDA-BUDGET   04-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UGANDAN ASKS FOR MORE MONEY TO KEEP up SERVICES</TITLE>
+<DATELINE>    KAMPALA, April 9 - </DATELINE><BODY>Ugandan Finance Minister Chrispus
+Kiyonga has asked the National Resistance Council, the
+country's interim parliament, to approve 1,000 billion
+shillings (714 mln dlrs) in extra government spending over the
+last three months of this financial year, council sources said.
+    Kiyonga told the council that because of high inflation,
+estimated to be running at over 150 per cent a year, the
+government needed extra money to keep its services running
+until the financial year ends on June 30.
+    The new appropriation requested by the minister is almost
+as much as the 1,127 billion shillings (805 mln dlrs) the
+government expected to spend during the whole year.
+    Kiyonga said the government was having trouble keeping to
+the deficit target of 350 billion shillings (250 mln dlrs)
+contained in the original budget announced last August. The
+deficit was to be financed by borrowing.
+    The minister did not give a new budget deficit estimate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5148" NEWID="15793">
+<DATE> 9-APR-1987 13:50:11.12</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1970&#31;reute
+u f BC-BELGIAN-CURRENT-ACCOU   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN CURRENT ACCOUNT SURPLUS WIDENS IN 1986</TITLE>
+<DATELINE>    BRUSSELS, April 9 - </DATELINE><BODY>Belgium's current account surplus,
+measured on a cash basis, widened sharply to 134.9 billion
+francs last year from 17.5 billion in 1985, the Finance
+Ministry said.
+    The increase was due almost entirely to a sharp rise in the
+goods trade surplus to 126.1 billion francs from 20.4 billion.
+    The services trade surpluses increased to 52.4 billion
+francs from 38.9 billion while the deficit on transfers rose
+slightly to 43.6 billion from 41.8 billion.
+    Private sector capital operations showed a steeply higher
+deficit of 160.7 billion francs after 56.9 billion in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5149" NEWID="15794">
+<DATE> 9-APR-1987 13:53:30.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1979&#31;reute
+u f BC-WARD-CRITICISES-GUINN   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARD CRITICISES GUINNESS'S FEE COMPLAINT</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Guinness Plc &lt;GUIN.L> director Thomas
+Ward told a High Court hearing that the company's action
+against him and ex-chairman Ernest Saunders sought to give the
+impression of an international hunt for Ward's 5.2 mln stg fee
+in connection with the Distillers Co Plc &lt;DIST.L> takeover, the
+Press Association news agency reported.
+    In a sworn statement, Ward, a U.S. Lawyer, said Guinness
+had failed to acknowledge that his attornies in March had
+offered to put the money, less tax and various expenses, into
+an escrow account where it could only be touched under agreed
+circumstances.
+    Ward said Guinness had made a transparent attempt to
+belittle his services, the PA reported.
+    "I wish to emphasise that the fee paid for my services was,
+when considered out of context, admittedly very large."
+    But every aspect of the (Distillers) bid - the size of the
+target, the benefit to Guinness from success, the potential
+damage from failure, the difficulties of the issues raised and
+the cost for all services - were not merely large but virtually
+unprecedented in the history of English takeovers," Ward said.
+    Failure would have cost Guinness between 25 mln stg and 100
+mln stg, he added.
+    Ward said it was his idea to have a merger agreement with
+Distillers under which Distillers agreed to pay Guinness's bid
+costs, the PA reported.
+    Ward's statement was read to the court by his lawyer Peter
+Curry. Ward and ex-Guinness chairman Saunders want to end a
+temporary court freeze of their assets up to the disputed
+amount of the 5.2 mln stg fee which Guinness is trying to
+recover.
+    Guinness acquired Distillers in a fierecly fought 2.7
+billion stg battle during 1986. The U.K. Government is also
+probing the affair and has yet to report.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5150" NEWID="15795">
+<DATE> 9-APR-1987 13:54:57.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1985&#31;reute
+u f BC-MEMBERS-OF-JAPAN'S-RU   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEMBERS OF JAPAN'S RULING PARTY SHUN NAKASONE</TITLE>
+<AUTHOR>    By Yuko Nakamikado</AUTHOR>
+<DATELINE>    TOKYO, April 9 - </DATELINE><BODY>Members of prime minister Yasuhiro
+Nakasone's ruling Liberal Democratic Party (LDP) have shunned
+his support in their campaigns for upcoming local elections.
+    "His presence will do more harm than good," an LDP candidate
+in Tokyo told Reuters. The candidate is one of several
+conservatives who have rebelled and joined the public outcry
+against Nakasone's proposal for a five pct sales tax.
+    Political analysts said Nakasone might have to step down
+before the Venice summit of industrial democracies on June 8-10
+if the LDP lost too many major local seats.
+    Nakasone's popularity has dropped sharply since he led his
+party to its greatest-ever election victory last July, and
+analysts said the proposed tax was one reason for the decline.
+    Over 2,500 local seats will be filled during two rounds of
+polling. The first round is on Sunday, the second on April 26.
+    Political analysts said a seat to watch would be the
+governorship of Fukuoka, southern Japan. The LDP and two centre
+parties are challenging the incumbent governor, Hachiji Okuda,
+who is supported by the opposition socialist and communist
+parties.
+    The proposed tax is a key campaign issue.
+    "The LDP and the centrist parties should have about
+1,350,000 votes against 700,000 for Okuda. But Okuda is the
+incumbent and has the sales tax weapon," said Rei Shiratori,
+professor of political science at Dokkyo University.
+    "Nakasone will serve out his term to the end of October if
+the LDP wins in Fukuoka," he said.
+    Analysts believe the opposition is likely to win the
+governorship of the northern island of Hokkaido.
+    But Kenzo Uchida, professor of political science at Hosei
+University, said, "Nakasone can afford to get fairly tough if
+the LDP loses only in Hokkaido."
+    The opposition parties are campaigning to scrap the sales
+tax proposal.
+    The tax is one of the main pillars of Nakasone's plan to
+overhaul the tax system, which has remained unchanged for 36
+years.
+    It is also a key element in plans to boost Japanese
+domestic demand and cut back on exports. Without the tax
+revenue the government would have less to spend on stimulating
+the economy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5151" NEWID="15796">
+<DATE> 9-APR-1987 13:55:26.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1987&#31;reute
+h f BC-DENPAC-&lt;DNPC>-PLACES   04-09 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENPAC &lt;DNPC> PLACES PROCESSOR ASSEMBLY ORDER</TITLE>
+<DATELINE>    HACKENSACK, N.J., April 9 - </DATELINE><BODY>Denpac Corp said it placed an
+order for the assembly of the first 100 production units of its
+Sinterloy processor, which will begin delivery later this year.
+    The company said two pre-production units have been placed
+for clinical and laboratory evaluations, with an additional six
+pre-production units to be placed shortly.
+    The company said the Sinterloy processor is used by dental
+laboratories to fabricate dental appliances such as bridges and
+crowns.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5152" NEWID="15797">
+<DATE> 9-APR-1987 13:57:37.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1991&#31;reute
+d f BC-SILICON-SYSTEMS-INC-&lt;   04-09 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SILICON SYSTEMS INC &lt;SLCN> 2ND QTR MARCH 28</TITLE>
+<DATELINE>    TUSTIN, Calif., April 9 -
+    </DATELINE><BODY>Shr profit five cts vs profit two cts
+    Net profit 325,000 vs profit 105,000
+    Revs 19.5 mln vs 16.1 mln
+    Six Mths
+    Shr profit nine cts vs loss 35 cts
+    Net profit 627,000 vs loss 2,280,000
+    Revs 36.9 mln vs 27.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5153" NEWID="15798">
+<DATE> 9-APR-1987 13:59:51.23</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G L
+&#22;&#22;&#1;f1992&#31;reute
+r f BC-DISEASE-PUTS-ZIMBABWE   04-09 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DISEASE PUTS ZIMBABWE BEEF EXPORTS IN JEOPARDY</TITLE>
+<DATELINE>    HARARE, April 9 - </DATELINE><BODY>Zimbabwe's beef exports to the European
+Community (EC), potentially worth 70 mln Zimbabwean dlrs this
+year, may be jeopardised by an outbreak of foot and mouth
+disease in southwestern Matabeleland, industry sources said.
+    The country has temporarily suspended beef exports to the
+EC because of the outbreak and awaits a decision from the EC
+veterinary committee, which is considering a formal ban.
+    The outbreak in the country's main ranching province has
+already led neighbouring beef-producing Botswana and Zambia to
+bar beef and dairy imports from Zimbabwe, threatening the dairy
+industry with a loss of at least one mln dlrs in export
+revenue.
+    "The situation is still uncertain at the moment. Normally
+when an outbreak occurs there is an automatic suspension of
+beef exports," one industry source said yesterday.
+     Commenting on EC policy, he explained, "Depending on the
+seriousness of the outbreak the (veterinary) committee then
+decides on three options, allowing us to continue exporting
+beef from disease-free areas, clamping a three-month suspension
+on exports or banning us from exporting for a year. We are
+still awaiting their decision," he added, asking not to be
+identified.
+    Zimbabwe was granted an export quota of 8,100 tonnes of
+high-grade beef to EC markets in 1985 after the country had
+spent millions of dollars erecting disease-control fences and
+upgrading abattoirs to meet stringent EC rules.
+    Should the EC ban Zimbabwean exports, the country will be
+forced to sell its beef on glutted world beef markets at low
+prices, the source said. Projected earnings from beef sales
+could fall about 23 mln dlrs as a result, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5154" NEWID="15799">
+<DATE> 9-APR-1987 14:00:39.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1993&#31;reute
+u f BC-CRAXI-SAYS-RESIGNING   04-09 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAXI SAYS HE IS RESIGNING</TITLE>
+<DATELINE>    ROME, April 9 - </DATELINE><BODY>Italian Prime Minister Bettino Craxi, whose
+five-party coalition government fell apart yesterday, told the
+Senate he was resigning.
+    Craxi said at the end of a Senate (upper house) debate on
+the government that he would go tonight to hand his resignation
+to President Francesco Cossiga.
+    Craxi's government collapsed when the majority Christian
+Democrats withdraw their 16 ministers from the 30 member
+cabinet yesterday. Craxi had been prime minister for three and
+a half years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5155" NEWID="15800">
+<DATE> 9-APR-1987 14:02:07.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2003&#31;reute
+u f BC-SHAWMUT-CORP-&lt;SHAS>-1   04-09 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAWMUT CORP &lt;SHAS> 1ST QTR NET</TITLE>
+<DATELINE>    BOSTON, April 9 -
+    </DATELINE><BODY>Shr 1.32 dlrs vs 1.26 dlrs
+    Net 21.2 mln vs 17.4 mln
+    Avg shrs 16.1 mln vs 13.8 mln
+    Assets 10.0 billion vs 8.4 billion
+    Deposits 7.2 billion vs 6.1 billion
+    Loans 6.7 billion up 26 pct
+    NOTE: Results restated for pooled acquisitions of Shawmut
+Home Bank and Fidelity Trust Co and include First Gibraltar
+Mortgage Corp from December 30, 1986 purchase.
+    Loan loss provision 8,800,000 dlrs vs 6,300,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5156" NEWID="15801">
+<DATE> 9-APR-1987 14:02:38.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2006&#31;reute
+r f BC-MINNTECH-&lt;MNTX>-SEES   04-09 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNTECH &lt;MNTX> SEES FIRST QUARTER LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., April 9 - </DATELINE><BODY>Minntech Corp said it expects
+to report loss for its fiscal 1988 first quarter to end June
+30, due to start-up costs related to a new membrane oxygenator
+and water filtration products.
+    However, revenues and earnings should consistently increase
+throughout the remainder of the year, President Louis Cosentino
+told analysts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5157" NEWID="15802">
+<DATE> 9-APR-1987 14:03:02.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y A RM
+&#22;&#22;&#1;f2008&#31;reute
+r f AM-GULF-AMERICAN   04-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW GULF FIGHTING NOT A MAJOR OFFENSIVE - U.S.</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The United States said a new attack
+by Iran in the Gulf war against Iraq does not appear to be a
+major offensive.
+    "We don't believe that what has been called Karbala-8 is a
+major offensive," State Department spokesman Charles Redman
+said.
+    He was responding to Iran's announcement that it had
+launched its second offensive in three days against Iraq.
+    Karbala-8 is the code name for the attack in which both
+sides have reported heavy fighting on the southern front near
+the major Iraqi port of Basra.
+    Redman said the offensive "appears to have been an Iran
+attack which has not made much of an advance."
+    Detailed information is lacking, he said, "but this seems
+to be largely a repetition of the kind of fighting we had seen
+previously in the same area east of Basra."
+    Redman restated the U.S. call for an immediate end to
+hostilities and said Washington "deplored the loss of life in
+this tragic war."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5158" NEWID="15803">
+<DATE> 9-APR-1987 14:03:22.55</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f2010&#31;reute
+r f BC-GORDEX-MINERALS-LOCAT   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GORDEX MINERALS LOCATES GOLD DEPOSITS</TITLE>
+<DATELINE>    SAINT JOHN, New Brunswick, April 9 - </DATELINE><BODY>&lt;Gordex Mineral Ltd>
+said geologists located more than one mln tons of gold-bearing
+deposits, 0.057 ounces per ton, at Cape Spencer.
+    The company said it plans to invest 2.5 mln Canadian dlrs
+to expand on-site treatment facilities to process 100,000 tons
+of gold-bearing deposits this year and 200,000 tons in 1988.
+    Prior to the completion of the recent exploration program,
+Gordex estimated the Cape Spencer deposit had 200,000 tons.
+    Gordex said the expansion of the Cape Spencer facilities is
+intented to enable it to operate 24 hours a day throughout the
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5159" NEWID="15804">
+<DATE> 9-APR-1987 14:05:18.83</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2017&#31;reute
+u f BC-U.S.-CONGRESSMAN-INTR   04-09 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONGRESSMAN INTRODUCES REAGAN SUGAR BILL</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Rep. John Porter, R-Ill., introduced
+in the House of Representatives legislation proposed by the
+Reagan administration to slash the U.S. sugar price support, a
+spokesman for Porter said.
+    The spokesman said the bill was introduced without any
+changes from the administration's proposal sent to Congress
+last month.
+    That plan calls for a cut in the sugar loan rate to 12
+cents per pound from 18 cents now. Sugar growers would be
+compensated for the price cut with targeted direct payments,
+to be gradually phased-out through 1990. The payments to
+growers would cost an estimated 1.1 billion dlrs.
+    Representatives of sugar growers have rejected the
+proposal, saying it would ruin the domestic sugar industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5160" NEWID="15805">
+<DATE> 9-APR-1987 14:06:46.18</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2022&#31;reute
+f f BC-CANADA-91-DAY-T-BILLS   04-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA 91-DAY T-BILLS AVERAGE 6.95 PCT, MAKING BANK RATE 7.20 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5161" NEWID="15806">
+<DATE> 9-APR-1987 14:06:56.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2023&#31;reute
+u f BC-HUGHES'-U.S.-RIG-COUN   04-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES' &lt;HT> U.S. RIG COUNT RISES TO 752</TITLE>
+<DATELINE>    HOUSTON, April 9 - </DATELINE><BODY>The U.S. drilling rig count rose by four
+last week to a total of 752, against 987 working rigs one year
+ago, Hughes Tool Co said.
+    In Canada, the rig count continued falling last week
+because of the government's annual springtime ban prohibiting
+heavy equipment from being transported over rain-softened
+highways. A total of 85 rigs were working in Canada, down 46
+from the previous week, Hughes said. At this time last year, a
+total of 109 rigs were working in Canada.
+    Among individual states, Louisiana and New Mexico each
+reported drilling declines of 10 rigs and Kansas was down by
+seven. Gains were reported in Oklahoma, Wyoming and Texas which
+increased by 20, seven and one, respectively.
+    Hughes said the total of 752 working rigs in the United
+States included 17 in inland waters, 74 in offshore waters and
+661 on land.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5162" NEWID="15807">
+<DATE> 9-APR-1987 14:07:56.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2028&#31;reute
+r f BC-REPUBLIC-SAVINGS-AND   04-09 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC SAVINGS AND LOAN &lt;RSLA> 3RD QTR NET</TITLE>
+<DATELINE>    MILWAUKEE, WIS., April 9 - 
+    </DATELINE><BODY>Shr 89 cts vs not available
+    Net 1,163,000 vs 466,000
+    Nine Mths
+    Net 3,696,000 vs 1,624,000
+    NOTE: Company converted to stock ownership effective August
+1986.
+    Periods end March 31, 1987 and 1986 respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5163" NEWID="15808">
+<DATE> 9-APR-1987 14:08:12.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2030&#31;reute
+r f BC-SOUTHMARK-&lt;SM>-TO-ISS   04-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHMARK &lt;SM> TO ISSUE AMERICAN REALTY RIGHTS</TITLE>
+<DATELINE>    DALLAS, April 9 - </DATELINE><BODY>Southmark Corp said shareholders will be
+issued, as a special dividend, rights to acquire 22 shares of
+American Realty Trust &lt;ARB> for each 100 shares of Southmark
+owned.
+    The record date for Southmark shareholders to receive these
+rights will be May one with an ex-dividend date of April 27.
+    Southmark received these rights on April six, as the holder
+of about 84 pct of American Realty Trust's outstanding shares.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5164" NEWID="15809">
+<DATE> 9-APR-1987 14:08:22.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2031&#31;reute
+u f BC-ITALIAN-TREASURY-BILL   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN TREASURY BILL OFFER MEETS MIXED DEMAND</TITLE>
+<DATELINE>    ROME, April 9 - </DATELINE><BODY>Market response to the Italian Treasury's
+3,000 billion lire offer of short-term bills (BOTs) was mixed,
+with six month paper oversubscribed but 12-month bills little
+in demand, Bank of Italy figures show.
+    Rates were unchanged on those indicated at the time the
+offer was announced on April 4.
+    The market was assigned all the 1,500 billion lire worth of
+six-month bills on offer after requesting a total of 1,660
+billion. Effective net annualized compound yield on the bills
+is 9.19 pct, against 9.24 pct at the end-March auction.
+    Of the 1,500 billion lire of 12-month paper offered,
+operators requested and were assigned 911.975 billion lire at a
+net annualized compound rate of 9.02 pct.
+    The Bank of Italy took up the remaining 588.025 billion
+lire of 12-month paper.
+    The bills replace maturing paper worth 2,485 billion lire
+of which 1,985 billion was in the hands of market operators and
+the remainder with the Bank of Italy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5165" NEWID="15810">
+<DATE> 9-APR-1987 14:09:16.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2035&#31;reute
+u f BC-WALL-STREET-STOCKS/UA   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/UAL INC &lt;UAL></TITLE>
+<DATELINE>    New York, April 9 - </DATELINE><BODY>Takeover speculation continues to fuel
+heavy trading in UAL Inc, traders said.
+    UAL rose 1-5/8 to 73-5/8 on volume of more than two mln
+shares, after trading with little upward movement earlier in
+the session.
+    Traders said rumors, which began yesterday, added to
+speculation that the company would be the target of a takeover.
+    They said it was believed Coniston Partners and the
+Pritzker family of Chicago were buying the stock.
+    Coniston declined comment and the Pritzkers had no comment.
+    Traders said there was speculation a bidder might appear,
+and also that real estate developer Donald Trump, who holds a
+stake in UAL, might participate in a takeover bid. UAL pilots
+said they would be willing to pay 4.5 billion dlrs, which
+includes debt, for the company's United Airlines unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5166" NEWID="15811">
+<DATE> 9-APR-1987 14:10:48.60</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f2036&#31;reute
+r f BC-GORDEX-MINERALS-LOCAT   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GORDEX MINERALS LOCATES CANADA GOLD DEPOSITS</TITLE>
+<DATELINE>    SAINT JOHN, New Brunswick, April 9 - </DATELINE><BODY>Gordex Mineral Ltd
+said geologists located more than one mln short tons of
+gold-bearing deposits, 0.057 ounces per ton, at Cape Spencer.
+    The company said it plans to invest 2.5 mln Canadian dlrs
+to expand on-site treatment facilities to process 100,000 tons
+of gold-bearing deposits this year and 200,000 tons in 1988.
+    Prior to the completion of the recent exploration program,
+Gordex estimated the Cape Spencer deposit had 200,000 tons.
+    Gordex said the expansion of the Cape Spencer facilities is
+intended to enable operation 24 hours a day throughout the
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5167" NEWID="15812">
+<DATE> 9-APR-1987 14:11:19.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE><D>lukman</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM
+&#22;&#22;&#1;f2038&#31;reute
+u f BC-NIGERIA-PUTS-DOMESTIC   04-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA PUTS DOMESTIC OIL SUBSIDY AT 85 PCT</TITLE>
+<DATELINE>    LAGOS, APRIL 9 - </DATELINE><BODY>NIGERIAN OIL MINISTER RILWANU LUKMAN SAID
+TODAY GOVERNMENT SUBSIDY ON DOMESTIC OIL PRODUCTS HAD RISEN
+FROM 20 TO 85 PCT AFTER THE FLOTATION OF THE NAIRA CURRENCY
+LAST SEPTEMBER.
+    THE NAIRA HAS DEPRECIATED BY OVER 60 PCT AGAINST THE DOLLAR
+SINCE IT WAS FLOATED AND THE GOVERNMENT SAYS PETROLEUM PRODUCTS
+HAD BECOME TOO CHEAP ENCOURAGING SMUGGLING TO NEIGHBOURING
+STATES.
+    LUKMAN TOLD REPORTERS DOMESTIC OIL PRICES WERE BEING
+CRITICALLY STUDIED AND A DECISION WOULD BE TAKEN SOON ON
+WHETHER OR NOT TO REDUCE THE SUBSIDY.
+    LAST YEAR, THE GOVERNMENT CUT OIL SUBSIDY BY 80 PCT AS PART
+OF ITS ECONOMIC ADJUSTMENT PROGRAM.
+    OIL FIRMS HAVE ARGUED THAT THE DEPRECIATION OF THE NAIRA
+HAS MADE FURTHER REMOVAL OF PETROLEUM SUBSIDY NECESSARY.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5168" NEWID="15813">
+<DATE> 9-APR-1987 14:12:28.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2042&#31;reute
+r f BC-GREYCOAT-GROUP-SEEKS   04-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREYCOAT GROUP SEEKS TWO FINANCINGS</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>U.K. Property company Greycoat Group Plc
+is seeking two financings, one for 120 mln stg and the other
+for 16 mln stg, in connection with its Embankment Place
+development above and around Charing Cross station in London,
+banking sources said.
+    The first transaction, a 120 mln stg credit, will be
+arranged by N.M. Rothschild and Sons Ltd and Bank of Tokyo
+International Ltd on behalf of a special purpose Greycoat
+subsidiary yet to be incorporated.
+    It matures in June 1993 but will be extendible by up to two
+years to June 1995 at the option of the borrower.
+    The first credit, a project financing, will carry a basic
+margin of 5/8 point over London Interbank Offered Rates
+(LIBOR), with an additional 1/4 pct per annum payable on
+outstanding amounts to the extent that the property is not
+substantially pre-let.
+    In addition, if the property is pre-sold while amounts are
+still outstanding, the basic margin will be reduced to 1/2
+point over LIBOR, the banking sources said.
+    For a one year extension of the maturity an extra 1/8 point
+margin will be paid, with a further 1/8 point if the maturity
+is lengthened for the optional second year.
+    There will be a commitment fee of 1/4 pct per annum on
+available amounts and of 1/8 pct on unavailable amounts, the
+sources said. Rothschild is sole agent for this transaction.
+    The second transaction, a 16 mln stg credit for the purpose
+of working capital, is being arranged by Rothschild alone on
+behalf of the Greycoat Group Plc itself. It will be secured on
+a property called Brettenham House.
+    The margin will be 1/2 point over LIBOR in years one to
+four, 5/8 point over LIBOR in years five and six and 3/4 point
+over LIBOR thereafter. The credit will mature in June, 1995.
+    The sources said that a commitment fee of 20 basis points
+will be payable on the available tranche, with 10 basis points
+on unavailable amounts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5169" NEWID="15814">
+<DATE> 9-APR-1987 14:12:41.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2044&#31;reute
+r f BC-SULPETRO-AWAITS-GOVER   04-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SULPETRO AWAITS GOVERNMENT APPROVAL ON DEBT</TITLE>
+<DATELINE>    CALGARY, Alberta, April 9 - </DATELINE><BODY>&lt;Sulpetro Ltd> said it had not
+yet obtained Canadian government approval of a previously
+reported agreement to restructure its 505 mln dlr debt, and
+remaines dependent in the interim on support from its principal
+banker.
+    Sulpetro said it was operating as if the restructuring were
+implemented, and was required to pay interest only on the term
+loan part of its debt.
+   It earlier said its net loss for the first quarter ended
+January 31 fell to 9.9 mln dlrs from a restated year-earlier
+loss of 17.3 mln dlrs.
+    Sulpetro president Michael Williams declined to speculate,
+in reply to a query, on when government approval of the
+restructuring deal was likely.
+    The company said first quarter costs fell to 25.4 mln dlrs
+from year-ago 45.5 mln dlrs, due partly to lower sales costs
+and reduced depletion because of its fiscal 1986 writedown.
+    First quarter revenues fell to 14.7 mln dlrs from
+year-earlier 29.8 mln because of lower wellhead prices, reduced
+gas and natural gas liquids sales, disposal of its British
+properties and surrender of part of the Irish-Lindbergh heavy
+oil properties, Sulpetro said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5170" NEWID="15815">
+<DATE> 9-APR-1987 14:14:02.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2049&#31;reute
+r f BC-DELTA-AIR-&lt;DAL>-FILES   04-09 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELTA AIR &lt;DAL> FILES FOR ONE-STOP TO SEOUL</TITLE>
+<DATELINE>    ATLANTA, April 9 - </DATELINE><BODY>Delta Air Lines said it filed with the
+U.S. Department of Transportation its application for one-stop
+service from Portland, Ore, to Seoul, Korea, via Tokyo.
+    If all government approvals are given promptly, Delta said
+service could begin by July One, 1987.
+    Delta said it started service from Portland to Tokyo on
+March two and operates five weekly round trips. It will
+increase service to six flights on June One, and plans daily
+service by 1988, Delta said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5171" NEWID="15816">
+<DATE> 9-APR-1987 14:17:39.26</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2051&#31;reute
+b f BC-CANADIAN-BANK-RATE-RI   04-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN BANK RATE RISES IN WEEK</TITLE>
+<DATELINE>    OTTAWA, April 9 - </DATELINE><BODY>Canada's key bank rate rose to 7.20 pct
+from 7.15 pct the week before, Bank of Canada said.
+    Bank rate is set 1/4 percentage point above the average
+yield on the weekly issue of 91-day treasury bills. This week's
+yield was 6.95 pct compared with the previous week's 6.90 pct.
+    Tenders were accepted for 2.55 billion dlrs of 91-day bills
+at an average price of 98.296 dlrs against 98.310 dlrs last
+week.
+    The 1.40 billion dlrs of 182-day bills were priced at an
+average 96.488 dlrs against 96.549 dlrs last week, to yield an
+average 7.30 pct, versus 7.17 pct last week.
+    The 500 mln dlrs of 364-day bills were priced at an average
+92.969 dlrs against 93.159 dlrs last week, to yield an average
+7.58 pct versus 7.38 pct last week.
+    Tenders will be received next week for 2.50 billion dlrs of
+ 91-day bills, 1.40 billion dlrs of 182-day bills and 500 mln
+dlrs of 364-day bills.          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5172" NEWID="15817">
+<DATE> 9-APR-1987 14:17:47.39</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>itc</D><D>atpc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2052&#31;reute
+u f BC-CONSENSUS-SEEN-ON-TIN   04-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSENSUS SEEN ON TIN PACT EXTENSION</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The quarterly session of the
+International Tin Council (ITC) continued without formal
+agreement on an extension of the sixth International Tin
+Agreement (ITA), but delegates said it was apparent there was a
+general consensus the Agreement should be prolonged.
+    Some delegations are still awaiting formal instructions
+from capitals, but informally most have indicated they favour
+an extension, delegates said.
+    This afternoon's session was used by delegates to seek
+further clarification on some of the issues involved, and to
+discuss internal matters.
+    Some sources were optimistic a resolution on an extension
+could be passed tomorrow but others suggested a special session
+would be convened to adopt the resolution after the Association
+of Tin Producing Countries meeting April 14 to 16.
+    The full Council session resumes tomorrow at 1330 GMT after
+a European Community coordination meeting at 1100.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5173" NEWID="15818">
+<DATE> 9-APR-1987 14:20:25.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE><D>sarney</D><D>conable</D></PEOPLE>
+<ORGS><D>worldbank</D><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2059&#31;reute
+u f BC-FUNARO-SHRUGS-OFF-CAL   04-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUNARO SHRUGS OFF CALLS FOR RESIGNATION</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Brazilian Finance Minister Dilson
+Funaro shrugged off demands by a group of Brazilian governors
+that he resign.
+    "At this moment I am discussing something much more serious
+for Brazil and it's absolutely indispensible in a negotiation
+like this one that I dedicate myself entirely to the
+discussions," Funaro told reporters.
+    Funaro, who spoke today to the International Monetary
+Fund's interim committee, was referring to talks he began
+Tuesday with creditor banks in New York in which unveiled
+Brazil's economic targets and financial needs.
+    The governor of Sao Paulo state Orestes Quersia and other
+governors last night called on Brazilian President Jose Sarney
+to assume direct control of the debt negotiations.
+    Asked if the governors' demands for his resignation would
+affect negotiations, Funaro said: "We are building a new
+refinancing position and that is what we are doing now. The
+rest is secondary."
+    He added that Brazil's economic program clearly
+demonstrates the intention to renegotiate the countries
+international financial committments, and added: "The domestic
+problems are our business."
+    Funaro said discussions on Brazil's refinancing proposals
+were well under way with private creditor banks and added World
+Bank President Barber Conable had also accepted the proposals
+as "a good plan" at a meeting they had last night.
+    But Conable, who was also present at today's IMF interim
+committee meeting told reporters that the World Bank wanted
+further clarifications on Brazil's economic programs.
+    "We wish further clarification about the program with
+respect to adjustment lending," Conable said.
+    He added that a World Bank mission would travel to Brazil
+early next week to explore the state of Brazil's new economic
+measures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5174" NEWID="15819">
+<DATE> 9-APR-1987 14:21:11.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2063&#31;reute
+d f BC-SLATER-ELECTRIC-INC-&lt;   04-09 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SLATER ELECTRIC INC &lt;SLAT> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    GLEN COVE, N.Y., April 9 -
+    </DATELINE><BODY>Shr four cts vs 10 cts
+    Net 31,000 vs 82,000
+    Sales 10.9 mln vs 9,760,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5175" NEWID="15820">
+<DATE> 9-APR-1987 14:22:27.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2065&#31;reute
+d f BC-GTE-&lt;GTE>-UNIT-SIGNS   04-09 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE &lt;GTE> UNIT SIGNS DEAL WITH SKYSWITCH</TITLE>
+<DATELINE>    GOLDEN, Colo, April 9 - </DATELINE><BODY>&lt;Skyswitch Satellite Communications
+Co> said it GTE Corp's GTE Spacenet has signed an original
+equipment manufacturing agreement with Skyswitch that will
+enable the two companies to set the standard for satellite news
+gathering voice communications systems.
+    The equipment will be provided under GTE's specifications
+and label, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5176" NEWID="15821">
+<DATE> 9-APR-1987 14:23:50.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2070&#31;reute
+r f BC-SOUTH-JERSEY-INDUSTRI   04-09 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH JERSEY INDUSTRIES INC &lt;SJI> 1ST QTR NET</TITLE>
+<DATELINE>    FOLSOM, N.J., April 9 -
+    </DATELINE><BODY>Oper shr 1.64 dlrs vs 1.50 dlrs
+    Oper net 6,200,000 vs 5,600,000
+    Revs not given
+    12 mths
+    Oper shr 2.76 dlrs vs 2.58 dlrs
+    Oper net 10.4 mln vs 9,600,000
+    NOTE: Net income including discontinued operation and, in
+both 1986 periods, 1,500,000 dlr gain from change in accounting
+for which results restated, 6,200,000 dlrs vs 7,200,000 dlrs in
+quarter and 10.6 mln dlrs vs 11.6 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5177" NEWID="15822">
+<DATE> 9-APR-1987 14:24:00.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2071&#31;reute
+r f BC-CITY-NATIONAL-CORP-&lt;C   04-09 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITY NATIONAL CORP &lt;CTYN> 1ST QTR NET</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., April 9 -
+    </DATELINE><BODY>Shr 56 cts vs 35 cts
+    Net 10,271,000 vs 6,425,000
+    Loans 1.44 billion vs 1.20 billion
+    Deposits 2.36 billion vs 1.96 billion
+    Assets 2.96 billion vs 2.55 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5178" NEWID="15823">
+<DATE> 9-APR-1987 14:27:43.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2075&#31;reute
+r f BC-ALLIED-BANKSHARES-INC   04-09 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED BANKSHARES INC &lt;ABGA> 1ST QTR NET</TITLE>
+<DATELINE>    THOMSON, Ga., April 9 -
+    </DATELINE><BODY>Shr 50 cts vs 26 cts
+    Net 1,316,000 vs 656,000
+    NOTE: qtr 1987 includes tax gain 500,000 dlrs, or 19 cts
+per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5179" NEWID="15824">
+<DATE> 9-APR-1987 14:29:59.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2076&#31;reute
+u f BC-texaco-canada-likely   04-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO CANADA &lt;TXC> LIKELY NOT IN A TEXACO PACT</TITLE>
+<DATELINE>    TORONTO, April 9 - </DATELINE><BODY>Texaco Canada Inc, 78 pct owned by
+Texaco Inc &lt;TX>, likely would not form any part of a possible
+settlement in a 10.3 billion U.S. dlr legal battle between
+Texaco Inc and Penzoil Co &lt;PZL>, Texaco Canada chief executive
+Peter Bijur told reporters.
+    "I just just don't believe that it (Texaco Canada) would be
+part of any settlement," Bijur said during a interview.
+    Bijur said he could not comment directly on the
+Texaco-Penzoil dispute, adding he had no first-hand information
+concerning efforts by Texaco and Penzoil to resolve the matter.
+    "We don't have any problems that I am aware of that are a
+result of that litigation in the United States, and we continue
+to do business on a normal, 'business as usual' basis," Texaco
+Canada's Bijur told reporters during an interview session.
+    As previously reported, Texaco Inc is seeking a court order
+to block Pennzoil from taking action to secure a 10.3 billion
+dlr judgement against Texaco.
+    In reply to a query, Bijur said Texaco Inc has imposed no
+spending retraints on Texaco Canada as it continues previously
+reported efforts to make an energy-related acquisition.
+    After considering making an acquisition for several months,
+Texaco Canada set up a "business development team" of five people
+about one month ago to increase its efforts, Bijur said. The
+company has also widened the scope of its search to include
+candidates involved in refining and marketing as well as
+production segments of the industry.
+    "We're going to widen the scope of our view. We're going to
+look at the downstream and we're going to look at the entire
+petroleum business," he said.
+    Bijur declined to specify how much money Texaco Canada
+would spend on an acquisition.
+    Bijur said the company was not close to concluding any
+acquisitions and declined to specify when he expected a
+transaction might be made. "We're not in a hurry," he said.
+    Texaco Canada said in the annual report it had a cash
+position of 808 mln dlrs at the end of 1986, and Bijur said the
+company's cash fund has not changed materially during the first
+quarter.
+    Commenting on earnings results, Bijur said he expected
+first quarter profit to be lower than last year's earnings of
+84 mln dlrs or 70 cts a share, due to lower profit contribution
+from production because of lower oil prices.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5180" NEWID="15825">
+<DATE> 9-APR-1987 14:33:40.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2088&#31;reute
+a f BC-MINNESOTA-LASER-INTRO   04-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNESOTA LASER INTRODUCES NEW SURGICAL LASERS</TITLE>
+<DATELINE>    ST. PAUL, April 9 - </DATELINE><BODY>Minnesota Laser Corp said it introduced
+a new line of Coagulase Series Nd:YAG surgical laser systems.
+    It said the lasers use 400 micron fiberoptics designed for
+endoscopic, microscopic and freehand surgical applications in
+gynecology, urology, gastroenterology and pulmonology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5181" NEWID="15826">
+<DATE> 9-APR-1987 14:34:36.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2090&#31;reute
+r f BC-SEAGRAM-&lt;VO>-REORGANI   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEAGRAM &lt;VO> REORGANIZES U.S. SALES, MARKETING</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>The House of Seagram, Seagram Co Ltd's
+U.S. marketing arm for Joseph E. Seagram and Son's distilled
+spirits and wine coolers, said it is replacing its four current
+national spirits companies with a single sales force, one
+marketing unit and a centralized finance and administrative
+function.
+    Effective May four, House of Seagram said its sales force
+will operate nationally through seven, equal-sized regions,
+five in open states and two in control states, Seagram said.
+    The change reflects a more aggressive marketing and sales
+focus on the local level, the company said.
+    A vice president-general manager will head each region,
+reporting to Jerome Mann, executive vice president, Seagram
+said, adding that Sales, Seagram Distillers, 375 Spirits,
+Perennial Sales and Summit Sales will cease to exist as
+companies.
+    "We will no longer have individual spirits companies, the
+resulting internal competition for distributor and retailer
+attention or centalized decision making on virtually all
+issues," Edgar Bronfman, House of Seagram president, said.
+    Seagram said the group that markets Seagram's line of wine
+coolers, the be caled the Seagram Beverage Co, will not be
+affected by the reorganization.
+    The company added that Seagram Beverage will remain inside
+the House of Seagram, but separate from the spirits unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5182" NEWID="15827">
+<DATE> 9-APR-1987 14:36:05.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2094&#31;reute
+r f BC-REUTERS-LAUNCHES-VIDE   04-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS LAUNCHES VIDEOTEXT SERVICE IN U.K.</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Reuters Holdings Plc &lt;RTRS.L> said it has
+launched its colour videotext service, Reuter News-Watch, in
+Britain to service the customers of hotels, restaurants,
+airports and banks.
+    News-Watch subscribers can insert their own advertisements
+and announcements for display.
+    The service uses information from the Reuter database of
+news, prices and displays. It carries the latest news and sport
+from around the world, financial rates and prices, weather
+forecasts and horoscopes. News-Watch, already available in most
+West European countries, will go worldwide this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5183" NEWID="15828">
+<DATE> 9-APR-1987 14:37:12.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>bermuda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2097&#31;reute
+r f BC-BERMUDA-SEEKS-40-MLN   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERMUDA SEEKS 40 MLN DLR REVOLVING CREDIT</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>The Government of Bermuda is seeking a 40
+mln dlr, seven year revolving credit, which will be the only
+credit outstanding in its own name, N.M. Rothschild and Sons
+Ltd said as arranger and agent.
+    The credit will pay a margin of 20 basis points over U.S.
+Dollar London Interbank Offered Rates (LIBOR) and will
+incorporate a tender panel for U.S. Dlr advances.
+    There is a 10 basis point annual facility fee in years one
+to four, rising to 12-1/2 points thereafter.  A 7-1/2 basis
+point participation fee is payable on the transaction, which
+started syndication this week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5184" NEWID="15829">
+<DATE> 9-APR-1987 14:39:18.21</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2104&#31;reute
+u f BC-ROYAL-DUTCH-&lt;RD>-UNIT   04-09 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL DUTCH &lt;RD> UNIT TO CUT HEATING OIL PRICE</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Royal Dutch/Shell's Scallop Petroleum
+Co subsidiary said it will reduce the price it charges contract
+barge customers in New York harbor for heating oil by 2.5 cts a
+gallon, effective tomorrow.
+    The company said the price cut will bring the contract
+barge price for heating oil to 51 cts a gallon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5185" NEWID="15830">
+<DATE> 9-APR-1987 14:41:42.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A F
+&#22;&#22;&#1;f2109&#31;reute
+u f BC-BANKERS-TRUST-&lt;BT>-FI   04-09 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST &lt;BT> FILES 400 MLN DLR OFFERING</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Bankers Trust New York Corp filed
+with the Securities and Exchange Commission for a shelf
+offering of up to 400 mln dlrs of subordinated debentures on
+terms to be set at the time of sale.
+    The bank holding company said proceeds will be used for
+general corporate purposes including investments in or
+extensions of credit to its subsidiaries.
+    Underwriters were not named in the draft prospectus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5186" NEWID="15831">
+<DATE> 9-APR-1987 14:43:15.75</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M F
+&#22;&#22;&#1;f2112&#31;reute
+u f BC-magma-copper-price   04-09 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGMA RAISES COPPER PRICE 0.25 CT TO 65.75 CTS</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Magma Copper Co, a subsidiary of
+Newmont Mining Corp, said it is raising its copper cathode
+price by 0.25 cent to 65.75 cents a lb, effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5187" NEWID="15832">
+<DATE> 9-APR-1987 14:44:01.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2115&#31;reute
+u f BC-FIRST-BANK-SYSTEM-INC   04-09 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST BANK SYSTEM INC &lt;FBS> 1ST QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, April 9 -
+    </DATELINE><BODY>Shr 95 cts vs 80 cts
+    Net 57.4 mln vs 46.6 mln
+    Assets 28.39 billion vs 25.87 billion
+    Loans 13.99 billion vs 14.35 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5188" NEWID="15833">
+<DATE> 9-APR-1987 14:44:39.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2117&#31;reute
+u f BC-CENTERRE-BANCORP-&lt;CTB   04-09 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTERRE BANCORP &lt;CTBC> 1ST QTR NET</TITLE>
+<DATELINE>    ST. LOUIS, April 9 -
+    </DATELINE><BODY>Shr 94 cts vs 1.02 dlrs
+    Net 7,255,000 vs 7,856,000
+    Loans 2.88 billion vs 2.94 billion
+    Deposits 4.05 billion vs 3.73 billion
+    Assets 5.43 billion vs 5.14 billion
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5189" NEWID="15834">
+<DATE> 9-APR-1987 14:45:42.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2119&#31;reute
+d f BC-SEA-GALLEY-STORES-INC   04-09 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEA GALLEY STORES INC &lt;SEAG> 1ST QTR NET</TITLE>
+<DATELINE>    MOUNTLAKE TERRACE, Wash., April 9 -
+    </DATELINE><BODY>Oper shr four cts vs one ct
+    Oper net 108,000 vs 30,000
+    Revs 12.8 mln vs 14.8 mln
+    Note: Current qtr figures exclude operating loss
+carryforward gain of 57,000 dlrs, or two cts per share vs gain
+of 21,000 dlrs, or one ct per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5190" NEWID="15835">
+<DATE> 9-APR-1987 14:47:02.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2123&#31;reute
+u f BC-IRT-PROPERTY-LAUNCHES   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRT PROPERTY LAUNCHES DEBENTURE IN EUROMARKET</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>IRT Property Co, a real estate investment
+trust based in Atlanta, Georgia, has launched a 30 mln dlr
+convertible subordinated debenture in the Euromarket, a partner
+of Chandler Partnership Ltd said.
+    The issue is unique in several respects and is only one of
+a handful of such deals to be brought to this market, he said.
+    Unlike most eurobonds, the issue will not be underwritten.
+Instead, IRT mandated Chandler Partnership to find potential
+investors with whom the issue can be preplaced and to then
+place on a "best efforts" basis what ever amount may not be
+subscribed.
+    Chandler itself was set up in the Isle of Jersey in the
+middle of last year as a partnership, whose members have been
+involved in financial markets.
+    The deal has two sponsors who assist in the placement--
+Interallianz Bank Zurich AG and Nivison Cantrade Ltd, a small
+U.K. Trading firm that formerly was broker R. Nivison and Co.
+    The debentures are due June 1, 2002 and pay a semi-annual
+coupon of two pct and are priced at par. They can be converted
+into shares of the company's stock at 23-1/2 dlrs a share.
+    IRT's shares closed last night on the New York Stock
+Exchange at 19-7/8.
+    The debentures can be redeemed at par at maturity and are
+callable at the company's option after the first two years.
+    On or after August 1989 the company can call half the
+debentures if the stock trades for 30 days at 123 pct of the
+conversion price and half if it reaches 140 pct of the
+conversion price, Nivison said.
+    In addition, holders will be able to surrender half the
+bonds during May 1991 at 123 pct for a semi-annual yield of
+7.043 pct and the other half in May 1993 at 140 pct, for a
+yield of 7.383 pct.
+    The payment date is June 1, 1987. The debentures will be
+listed in London and the fees for the deal total 2-1/4 pct.
+    Nivison said that the deal contains a convenent which
+states that if the company's debt to equity ratio exceeds two
+to one the debentures cannot be converted unless the company
+obtains a bank guarantee or a letter of credit.
+    Nivison said IRT's debt to equity ratio currently is less
+than one to one.
+    The Chandler partner said that this type of deal gives the
+borrower funds that are less costly than if it had done an
+issue in the U.S. Domestic market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5191" NEWID="15836">
+<DATE> 9-APR-1987 14:49:24.01</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2135&#31;reute
+b f BC-EGYPT-CANCELS-WHEAT-T   04-09 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT CANCELS WHEAT TENDER</TITLE>
+<DATELINE>    PARIS, April 9 - </DATELINE><BODY>Egypt has cancelled its April 2 tender for
+200,000 tonnes of any origin wheat for April 15-30 shipment,
+trade and Egyptian official sources said.
+    Trade sources said the cancellation followed an offer by an
+Egyptian company, Islamic Corp, at 85.80 dlrs/tonne cost and
+freight, undercutting other traders' offers of between 93.90
+and 94.49 dlrs/tonne.
+    An Egyptian trade official in Paris confirmed cancellation
+of the tender following the Islamic Corp offer, which he said
+the government had refused for legal reasons.
+    The official denied trade reports that the government might
+have substituted a private deal with Islamic Corp for the
+original tender.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5192" NEWID="15837">
+<DATE> 9-APR-1987 14:51:18.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2136&#31;reute
+h f BC-WESTLAND-TO-CUT-A-THI   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTLAND TO CUT A THIRD OF HELICOPTER WORKFORCE</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>U.K. Helicopter maker &lt;Westland Plc> will
+reduce the 6,000 workforce of its helicopter division by around
+a third over the next few weeks, a company spokesman said.
+    He said the decision was in part the result of a 400 mln
+stg government order for military helicopters announced
+earlier.
+    The spokesman said the order had reduced the number of
+redundancies necessary but was not large enough to avoid job
+losses. The total group workforce is 11,000. The company was
+rescued last year by a consortium of United Technologies Corp's
+&lt;UTX.N> Sikorsky unit and Fiat SpA &lt;FIAT.MI>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5193" NEWID="15838">
+<DATE> 9-APR-1987 14:55:44.60</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2140&#31;reute
+u f BC-/HOUSE-PANEL-WANTS-PE   04-09 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE PANEL WANTS PENTAGON MANAGE U.S. STOCKPILE</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The House Armed Services Committee
+has voted for a transfer in the management of stockpiled
+materials for national defense to the U.S. Defense Secretary.
+    The committee also voted for legally-binding quantity and
+quality requirements on the materials, mostly metals.
+    The measures are a part of the Defense Authorization Bill
+which will be voted on in the House next month.
+    The purpose of the measures, passed by the committee
+yesterday, is to improve stockpile management and discourage
+sell-offs of materials that could jeopardize strategic needs, a
+staff member of the committee told Reuters.
+    "They (the stockpiles) stand to gain the most by being
+managed properly," said the staffer. "Management of the stockpile
+over the last 10 years has been atrocious."
+    Responsibility for stockpile management now belongs to a
+White House agency, the Federal Emergency Management Agency.
+    The staffer said under the measures passed by the committee
+the Secretary of Defense would have more influence over
+decisions to keep or sell strategic stockpile materials.
+    The administration has proposed a goal of 700 million dlrs
+worth of strategic materials to be held in the stockpile. The
+stockpile now contains around 10 billion dlrs of materials.
+    He said several agencies currently helped FEMA to manage
+the stockpile and decide how much to sell to help the deficit.
+    These agencies included the Office of Management and Budget
+and the Departments of Interior and Commerce, he said.
+    The committee believed the shared involvement in stockpile
+management was counter-productive, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5194" NEWID="15839">
+<DATE> 9-APR-1987 14:56:47.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2143&#31;reute
+f f BC-******SALOMON-INC-MAN   04-09 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SALOMON INC MANAGING DIRECTOR SAID RUMORS COMPANY SUFFERED BOND TRADING LOSSES ARE "NOT TRUE"
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5195" NEWID="15840">
+<DATE> 9-APR-1987 14:57:17.20</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM
+&#22;&#22;&#1;f2144&#31;reute
+r f BC-CANADA-TRADE-RISE-SEE   04-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA TRADE RISE SEEN AS START OF RECOVERY</TITLE>
+<AUTHOR>    By Russell Blinch, Reuters</AUTHOR>
+<DATELINE>    OTTAWA, April 9 - </DATELINE><BODY>Canada's trade picture has brightened
+considerably, underscoring economists' predictions the sector
+would post a long awaited recovery this year.
+    The federal government reported today that the monthly
+surplus soared to 1.25 billion Canadian dlrs in February,
+double January's 623 mln dlrs surplus and sharply higher than
+February 1986's 189 mln dlr tally.
+    "Hopefully it's the beginning of a trend," said Richardson
+Greenshields of Canada Ltd economist Susan Clark in Toronto.
+    Economists generally don't expect such large gains over the
+next months, but are looking for an upward trend throughout the
+year.
+    "We thought the trade balance would improve ... over the
+year, and it certainly looks as if this morning's figure is
+indicative of that," commented economist James Donegan at the
+Toronto securities firm of Midland Doherty Ltd.
+    Statistics Canada reported the surplus was driven by a 23
+pct gain in automobile product exports to a record 3.2 billion
+dls in the month.
+    "Recovery in the automotive sector helped push the value of
+exports up by 5.9 pct in February," the agency said in its
+monthly report.
+    Total exports expanded to 10.44 billion dlrs from 9.85
+billion dlrs in February, while imports slipped to 9.19 billion
+dlrs from 9.23 billion dlrs.
+    Economists have predicted the 1987 trade surplus would end
+up three to five billion dlrs higher than last year's dismal
+10.1 billion dlr total. In 1985 the surplus was 17.48 billion
+dlrs.
+    Money market analysts said the positive trade news touched
+off a modest rally in the Canadian dollar, which rose to 76.85
+U.S. cts on North American markets early this morning after
+closing at 76.58 cts Wednesday.
+    The currency was hovering around 76.78 cts in early
+afternoon trading.
+    Economists have been banking on an improved trade
+performance this year to stimulate an otherwise sluggish
+Canadian economy.
+    Money market analysts said the positive trade news touched
+off a modest rally in the Canadian dollar, which rose to 76.85
+U.S. cts on North American markets early this morning after
+closing at 76.58 cts Wednesday.
+    The currency was hovering around 76.78 cts in early
+afternoon trading.
+    Economists have been banking on an improved trade
+performance this year to stimulate an otherwise sluggish
+Canadian economy.
+    They say the country's consumers, who have been spending at
+a torrid pace in recent years, will sharply curtail outlays
+this year and this should help curtail the flow of imports into
+the country.
+    Meanwhile, demand for Canadian exports in the United
+States, by far the country's largest market, is expected to be
+strong as a result of a projected rise in American consumer
+spending and the relatively low value of the Canadian currency.
+    "We maintain what's going to drive Canada's export
+performance is income growth in the U.S.," said Midland's
+Donegan.
+    But at the Bank of Nova Scotia, deputy chief economist
+Warren Jestin was less optimistic about the U.S. outlook and
+said it could be a mistake to read too much into February's
+trade upturn.
+    Jestin said, "Given the fact the U.S. economy is showing
+signs of weakening--particularly car sales--it would indicate
+that part of the strength (in Canada's trade figures) is
+probably transitory."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5196" NEWID="15841">
+<DATE> 9-APR-1987 15:00:01.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2152&#31;reute
+r f BC-FIRST-BANK-&lt;FBS>-SEES   04-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST BANK &lt;FBS> SEES LOSS ON BRAZILIAN LOANS</TITLE>
+<DATELINE>    MINNEAPOLIS, April 9 - </DATELINE><BODY>First Bank Systems Inc, in reporting
+higher first quarter net, said that if interest is not paid on
+the 140 mln dlrs in Brazilian loans and nine mln dlrs in
+Ecuadorian loans for the rest of 1987, its profits for the
+entire year will be cut by 6.9 mln dlrs.
+    The banking firm said the non-performing status of these
+loans cut first quarter net by 1.7 mln dlrs.
+    Earlier it reported first quarter profits of 57.4 mln dlrs
+or 95 cts a share, up from 46.6 mln dlrs or 80 cts a share in
+the year-ago period.
+    Nonaccrual loans, restructured loans and other real estate
+were 637 mln dlrs, or 2.24 pct of total assets, compared to 514
+mln dlrs or 1.84 pct of assets at the end of 1986 and 636.1
+mln, or 2.46 pct of assets at March 31, 1986.
+    The provision for loan losses in the quarter was 35 mln
+dlrs, compared to 152.1 mln in the first quarter 1986, when
+there was a special addition to the reserve of 100 mln dlrs.
+Net charge offs were 34.7 mln, compared to 41.1 mln dlrs a year
+earlier.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5197" NEWID="15842">
+<DATE> 9-APR-1987 15:00:42.32</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2157&#31;reute
+f f BC-soviet-imports-snap   04-09 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USDA ESTIMATES 1986/87 USSR GRAIN IMPORTS  28.0 MLN TONNES VS 26.0 IN MARCH, 29.9 YEAR AGO
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5198" NEWID="15843">
+<DATE> 9-APR-1987 15:00:52.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2158&#31;reute
+u f BC-INTERNATIONAL-AMERICA   04-09 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL AMERICAN &lt;HOME> NEWS TO COME</TITLE>
+<DATELINE>    UNION, N.J., April 9 - </DATELINE><BODY>International American Homes Inc
+said it would not be able to release any statements concerning
+its stock halt on Nasdaq for about 45 minutes to an hour.
+    American Homes, whose stock halted on a last sale of 7-3/4,
+said the only executive who could release the news would not be
+available until then.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5199" NEWID="15844">
+<DATE> 9-APR-1987 15:01:10.46</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2160&#31;reute
+f f BC-soviet-crop-est-snap   04-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USDA ESTIMATES 1986 SOVIET GRAIN CROP  AT 210 MLN TONNES VS 210 IN MARCH, 192 YEAR-AGO
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5200" NEWID="15845">
+<DATE> 9-APR-1987 15:01:13.12</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ GQ
+&#22;&#22;&#1;f2161&#31;reute
+f f BC-supply/demand-snap   04-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USDA - U.S. 1986/87 ENDING CORN STOCKS  5,240 MLN BU, WHEAT 1,848 MLN, SOYBEANS 610 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5201" NEWID="15846">
+<DATE> 9-APR-1987 15:02:21.83</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f2169&#31;reute
+f f BC-oj-output-forecast   04-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USDA 1986/87 U.S. ORANGE CROP 190,050,000  BOXES, FLORIDA CROP 122,900,000 BOXES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5202" NEWID="15847">
+<DATE> 9-APR-1987 15:02:30.15</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;CQ TQ
+&#22;&#22;&#1;f2170&#31;reute
+f f BC-oj-yield-snap   04-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USDA ESTIMATES 1986/87 ORANGE JUICE YIELD  AT 1.50 GALS PER BOX FROM FLORIDA CROP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5203" NEWID="15848">
+<DATE> 9-APR-1987 15:03:02.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2173&#31;reute
+r f BC-NATIONAL-MEDICAL-&lt;NME   04-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL MEDICAL &lt;NME> FILES FOR DEBT OFFERING</TITLE>
+<DATELINE>    LOS ANGELES, April 9 - </DATELINE><BODY>National Medical Enterprises Inc
+said it filed a registration statement with the Securities and
+Exchange Commission covering 300 mln dlrs of debt securities.
+    The proposed offering includes 150 mln dlrs of 30-year
+debentures and 150 mln dlrs of 10-year notes, the company said.
+    Net proceeds from the offering will be used to reduce bank
+borrowings, National Medical said, adding, Merrill Lynch
+Capital Markets will manage the underwriting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5204" NEWID="15849">
+<DATE> 9-APR-1987 15:03:34.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2177&#31;reute
+r f BC-COMDATA-&lt;CDN>-GETS-ME   04-09 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMDATA &lt;CDN> GETS MERGER FINANCING</TITLE>
+<DATELINE>    NASHVILLE, Tenn., April 9 - </DATELINE><BODY>Comdata Network Inc said it has
+received a letter from Drexel Burnham Lambert Inc stating that,
+subject to conditions, the company could raise up to 235 mln
+dlrs in debt securities to finance the previously announced
+merger of a newly formed corporation controlled by &lt;Welsh,
+Carson, Anderson and Stowe IV> and Comdata.
+    Comdata said the letter was in accordance with the
+previously announced terms with Welsh, Carson.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5205" NEWID="15850">
+<DATE> 9-APR-1987 15:04:26.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2181&#31;reute
+r f BC-WESTERN-BELL-&lt;WBEL>-S   04-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN BELL &lt;WBEL> SETS FILM PARTNERSHIP</TITLE>
+<DATELINE>    LOS ANGELES, April 9 - </DATELINE><BODY>Western Bell Communications Inc said
+it is preparing a 23-mln-dlr syndicated limited partnership to
+finance three films and three television pilots through its
+Western Bell Entertainment Inc unit.
+    Western Bell Entertainment will produce all of the
+projects, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5206" NEWID="15851">
+<DATE> 9-APR-1987 15:05:17.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2183&#31;reute
+r f BC-VORNADO-INC-&lt;VNO>-4TH   04-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VORNADO INC &lt;VNO> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    GARFIELD, N.J., April 9 -
+    </DATELINE><BODY>Oper shr 1.64 dlrs vs 84 cts
+    Oper net 4,583,000 vs 2,869,000
+    Revs 20.1 mln vs 19.0 mln
+    Avg shrs 2,791,639 vs 3,432,746
+    Year
+    Oper shr 4.46 dlrs vs 3.20 dlrs
+    Oper net 14.1 mln vs 10.9 mln
+    Revs 74.6 mln vs 68.0 mln
+    Avg shrs 3,154,665 vs 3,425,187
+    NOTE: Operating net excludes gains of nothing vs 2,444,000
+dlrs, or 72 cts a share, in quarter and 1,890,000 dlrs, or 60
+cts a share, vs 9,3267,000 dlrs, or 2.72 dlrs a share, in year
+from tax loss carryforwards
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5207" NEWID="15852">
+<DATE> 9-APR-1987 15:07:05.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2186&#31;reute
+f f BC-******FIRST-UNION-COR   04-09 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST UNION CORP FIRST QTR SHR 71 CTS VS 61 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5208" NEWID="15853">
+<DATE> 9-APR-1987 15:07:17.18</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>cotton</D><D>soybean</D><D>soy-oil</D><D>veg-oil</D><D>oilseed</D><D>soy-meal</D><D>meal-feed</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2187&#31;reute
+b f BC-us/supply/demand   04-09 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUPPLY/DEMAND HIGHLIGHTS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Following are highlights of the U.S.
+Agriculture Department supply/demand projections for the
+1986/87 seasons, in mln bushels, with comparisons, unless noted
+--
+    Corn -- Stocks, Aug 31, 1987, at 5,240, vs 5,595 last
+month. Stocks, Aug 31, 1986, at 4,040, vs 4,040 last month.
+    Exports projected at 1,375, vs 1,250 last month. Exports in
+1985/86 at 1,241, vs 1,241 last month.
+    Domestic use at 5,680, vs 5,450 last month. Usage in the
+1985/86 season at 5,255, vs 5,255 last month.
+    Wheat -- Stocks, May 31, 1987, projected at 1,848, vs 1,877
+last month. Stocks on May 31, 1986, at 1,905, vs 1,905 last
+month.
+    Exports in 1986/87 season at 1,025, vs 1,025 last month.
+1985/86 season at 915, vs 915 last month.
+    Domestic use in 1986/87 at 1,134, vs 1,105 last month.
+1985/86 at 1,045, vs 1,045 last month.
+    Cotton -- in mln 480 lb bales - Stocks, July 31, 1987, at
+5.40, vs 5.49 last month. Stocks July 31, 1986, at 9.35, vs
+9.35 last month.
+    Exports in 1986/87 season at 6.66, vs 6.76 last month.
+Exports in 1985/86 - 1.96, vs 1.96 last month.
+    Soybeans -- in mln bushels - Stocks, Aug 31, 1987,
+projected at 610, vs 635 last month. Stocks Aug 31, 1986, at
+536, vs 536 last month.
+    Soybean crushings during 1986/87 - 1,130, vs 1,115 last
+month. Crushings in 1985/86 at 1,053, vs 1,053 last month.
+    Exports in 1986/87 season at 700, vs 700 last month.
+Exports in 1985/86 at 740, vs 740 last month.
+    Soybean Oil -- mln lbs - Stocks on Sept 30, 1987, at 1,360,
+vs 1,200 last month. Stocks on Sept 30, 1986, at 947,  vs 947
+last month.
+    Exports in 1986/87 at 1,350, vs 1,350 last month.  Exports
+in 1985/86 at 1,257, vs 1,257 last month.
+    Soybean Cake/Meal -- thousand short tons - Stocks, Sept 30,
+1987, at 270, vs 315 last month. Stocks, Sept 30, 1986, at 212,
+vs 212 last month.
+    Exports in 1986/87 season at 6,500, vs 6,350 last month. 
+Exports in 1985/86 at 6,036, vs 6,008 last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5209" NEWID="15854">
+<DATE> 9-APR-1987 15:08:51.10</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2192&#31;reute
+b f BC-citrus-estimate   04-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CITRUS CROP ESTIMATE -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+estimated 1986/87 citrus production, as follows (in boxes) --
+    Total U.S. orange crop (excluding Florida Temples) --
+190,050,000 boxes, vs 190,850,000 boxes last month and
+176,410,000 boxes in the 1985/86 crop.
+    Florida oranges (excluding Temples) -- 122,900,000 boxes,
+vs 124,000,000 last month and 119,000,000 boxes in 1985/86.
+    Florida Temples -- 3,400,000 boxes, vs 3,400,000 last month
+and 2,950,000 boxes in 1985/86.
+    The department's estimates are based on April 1 crop
+conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5210" NEWID="15855">
+<DATE> 9-APR-1987 15:09:06.76</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2193&#31;reute
+b f BC-oj-yield   04-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ORANGE JUICE YIELD ESTIMATE</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+projected an average yield of 1.50 gallons of frozen
+concentrated orange juice per box (42.0 degree brix equivalent)
+from Florida's 1986/87 crop.
+    That compares with 1.47 gallons per box previously and 1.38
+gallons per box from the 1985/86 crop.
+    The crop reporting board said the estimates for the 1986/87
+season are based on maturity and yields tests as of April 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5211" NEWID="15856">
+<DATE> 9-APR-1987 15:09:20.25</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2194&#31;reute
+b f BC-/USSR-ADDS-U.S.-CORN   04-09 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR ADDS U.S. CORN TO COMMITMENTS - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Soviet Union has added 175,600
+tonnes of U.S. corn to its previous commitments for delivery in
+the fourth year of the U.S.-USSR Grain Supply Agreement, which
+began October 1, 1986, the U.S. Agriculture Department said.
+    According to the department's Export Sales Report, covering
+transactions in the week ended April 2, corn transactions
+consisted of 140,600 tonnes of new sales and changes in
+destinations for 35,000 tonnes.
+    Total corn commitments to the USSR  for delivery in the
+fourth agreement year amount to 2,825,600 tonnes. The Soviets
+have not purchased wheat or soybeans in the fourth year of the
+agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5212" NEWID="15857">
+<DATE> 9-APR-1987 15:09:28.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2195&#31;reute
+u f BC-/SALOMON-INC-&lt;SB>-DEN   04-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON INC &lt;SB> DENIES RUMORS OF BOND LOSSES</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Robert Salomon, managing director of
+Salomon Inc, said rumors the Wall Street firm suffered bond
+trading losses in the first quarter are not true.
+    Salomon said the rumors affected the company's stock and 
+are "unequivocally denied."
+    The Salomon share price was off 5/8 at 37-1/2, but it had
+been off more than one dlr on heavy volume earlier in the day.
+    Analysts said the rumors have been circulating in the
+market for several days.
+   
+    Salomon said the firm will report first quarter results on
+April 22 or 23.
+    Analysts said the stock would have reacted poorly today,
+even without the rumors, because of the decline in the stock
+and bond markets.
+    Other brokerages were also down today. E.F. Hutton &lt;EFH>
+fell one to 41-1/4. Bear Stearns and Co &lt;BSC> slipped 3/8 to
+19-1/2. PaineWebber Group &lt;PWJ> fell 1/2 to 36, and First
+Boston Corp &lt;FBC> slid 3/8 to 49-3/4. Merrill Lynch and Co Inc
+was off 7/8 at 42-3/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5213" NEWID="15858">
+<DATE> 9-APR-1987 15:09:41.16</DATE>
+<TOPICS><D>potato</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2196&#31;reute
+u f BC-USDA-SPRING-POTATO-ES   04-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA SPRING POTATO ESTIMATES</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+estimated 1987 spring potato production, based on April 1
+conditions, at 19,267,000 cwts (100 lbs), vs 19,822,000 cwts
+indicated last year.
+    The department estimated spring potato area for harvest at
+79,100 acres, vs 76,700 acres estimated last month and 75,900
+acres harvested last year.
+    Spring potato yield per harvested acre is forecast at 244
+cwt per acre, vs 261 cwt per acre a year ago, USDA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5214" NEWID="15859">
+<DATE> 9-APR-1987 15:09:51.13</DATE>
+<TOPICS><D>potato</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2198&#31;reute
+u f BC-USDA-REVISES-1986-SUM   04-09 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA REVISES 1986 SUMMER POTATOES</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department made
+the following revisions for 1986 crop summer potatoes --
+    Production -- 21,003,000 cwt (100 lbs), vs 20,900,000 cwt
+estimated previously.
+    Acreage for harvest -- 95,700 acres, vs 95,800 acres
+estimated previously.
+    Yield per harvested acre -- 219 cwt per acre, vs 218 cwt
+per acre previously estimated, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5215" NEWID="15860">
+<DATE> 9-APR-1987 15:10:21.59</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2201&#31;reute
+b f BC-us/supply/demand   04-09 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA DETAILS FREE GRAIN STOCKS UNDER LOAN</TITLE>
+<DATELINE>    Washington, April 9 - </DATELINE><BODY>The U.S. Agriculture Department gave
+projected carryover free stocks of feedgrains, corn and wheat
+under loans, with comparisons, as follows, in mln bushels,
+except feedgrains, which is in mln tonnes --
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Under Regular Nine Month Loan --
+      WHEAT    225     300       678     678
+ FEEDGRAINS   52.1    68.1      75.7    75.7
+       CORN  1,800   2,400     2,589   2,589
+ Special Producer Storage Loan Program --
+      WHEAT    165     150       163     163
+ FEEDGRAINS    7.0     6.7       5.3     5.3
+       CORN    200     200       147     147
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5216" NEWID="15861">
+<DATE> 9-APR-1987 15:10:38.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2202&#31;reute
+u f BC-CLEVITE-&lt;CLEV>-AMENDS   04-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLEVITE &lt;CLEV> AMENDS RIGHTS PLAN</TITLE>
+<DATELINE>    GLENVIEW, ILL., April 9 - </DATELINE><BODY>Clevite Industries Inc, which
+earlier received a 96 mln dlr takeover offer from J.P.
+Industries Inc &lt;JPI>, said it amended its Shareholder Rights
+Plan so that certain provisions of the plan cannot occur until
+the board determines that it is in the best interests of the
+company and stockholders.
+    The plan, adopted in December 1986, permits Clevite to
+issue shares at half price to existing stockholders and allows
+stockholders to buy shares of an unfriendly bidder at half
+price.
+    Clevite said the amendments by its board effectively mean
+that the so-called flip-in and flip-over provisions of its
+rights plan can only be triggered by affirmative board
+approval.
+    The company said it acted inview of the proposed
+acquisition and because certain debt restrictions could block
+its ability to redeem the rights.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5217" NEWID="15862">
+<DATE> 9-APR-1987 15:13:59.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2212&#31;reute
+r f BC-RECENT-SECURITIES-OFF   04-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECENT SECURITIES OFFERINGS FILED WITH SEC</TITLE>
+<DATELINE>    WASHINGTON, APRIL 9 - </DATELINE><BODY>The following proposed public
+offerings of securities were filed recently with the Securities
+and Exchange Commission:
+    Utah Power and Light Co &lt;UTP> - Shelf offering of up to 95
+mln dlrs of first mortgage bonds on terms to be set at the time
+of sale. Underwriters were not named.
+    Conseco Inc &lt;CNC> - Two mln shares of common stock through
+an underwriting group led by Dean Witter Reynolds Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5218" NEWID="15863">
+<DATE> 9-APR-1987 15:14:28.58</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2215&#31;reute
+u f BC-USSR-crop-estimate   04-09 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ESTIMATES SOVIET WHEAT, COARSE GRAINS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+forecast the Soviet 1986/87 wheat crop at 92.30 mln tonnes, vs
+92.30 mln tonnes last month. It put the 1985/86 crop at 78.10
+mln tonnes, vs 78.10 mln tonnes last month.
+    Soviet 1986/87 coarse grain production is estimated at
+103.30 mln tonnes, vs 103.30 mln tonnes last month. Production
+in 1985/86 is projected at 99.99 mln tonnes, vs 100.00 mln
+tonnes last month.
+    USSR wheat imports are forecast at 15.00 mln tonnes in
+1986/87, vs 15.00 mln tonnes last month. Imports in 1985/86 are
+put at 15.70 mln tonnes, vs 15.70 mln tonnes last month. USDA
+estimated Soviet 1986/87 coarse grain imports at 12.00 mln
+tonnes, vs 10.00 mln tonnes last month, and 1985/86 imports at
+13.70 mln tonnes, vs 13.70 mln tonnes last month.
+    USDA said Soviet coarse grain imports include 1986/87 corn
+imports, which it forecast at 8.00 mln tonnes, vs 6.00 mln
+tonnes last month. Corn imports in 1985/86 are estimated at
+10.40 mln tonnes, vs 10.40 mln last month.
+    Total Soviet grain imports in 1986/87, at 28.0 mln tonnes,
+include one mln tonnes of miscellaneous grains.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5219" NEWID="15864">
+<DATE> 9-APR-1987 15:14:41.57</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2216&#31;reute
+r f BC-QT8722/1   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHEAT BY CLASS BREAKDOWN</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department gave
+the 1986/87 breakdown of supply and distribution for wheats by
+classes, in mln bushels, with comparisons, as follows.
+    HARD WINTER --
+                1986/87           1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks 1,009   1,009      717     717
+ Production   1,018   1,018    1,230   1,230
+ Ttl Supply-X 2,027   2,027    1,947   1,947
+ Domestic Use   599     579      543     543
+ Exports        450     475      395     395
+ Total Use    1,049   1,054      938     938
+ End Stocks     978     973    1,009   1,009
+ Note - Season begins June 1. X-Includes imports
+    HARD SPRING --
+                1986/87           1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks   498     498      371     371
+ Production     451     451      460     460
+ Ttl Supply-X   956     956      838     838
+ Domestic Use   218     192      174     174
+ Exports        200     190      166     166
+ Total Use      418     382      340     340
+ End Stocks     538     574      498     498
+ Note - Season begins June 1. X-Includes imports.
+    SOFT RED --
+               1986/87           1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks   79     79       64     64
+ Production    290    290      368    368
+ Ttl Supply-X  369    369      432    432
+ Domestic Use  181    193      204    204
+ Exports       120    120      149    149
+ Total Use     301    313      353    353
+ End Stocks     68     56       79     79
+ Note - Season begins June 1. X-Includes imports
+    WHITE --
+               1986/87           1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks  198    198      173    173
+ Production    232    232      254    254
+ Ttl Supply-X  433    433      430    430
+ Domestic Use   82     83       80     80
+ Exports       170    160      152    152
+ Total Use     252    243      232    232
+ End Stocks    181    190      198    198
+ Note - Season begins June 1. X-Includes imports.
+    DURUM --
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks   121    121      100    100
+ Production      95     95      113    113
+ Ttl Supply-X   221    221      218    218
+ Domestic Use    54     58       44     44
+ Exports         85     80       53     53
+ Total Use      139    138       97     97
+ End Stocks      82     83      121    121
+ Note - Season begins June 1. X-Includes Imports.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5220" NEWID="15865">
+<DATE> 9-APR-1987 15:15:26.08</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2222&#31;reute
+u f BC-brazil-crop-estimate   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA FORECASTS BRAZIL/ARGENTINE SOYBEAN CROPS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+forecast Brazil's 1986/87 soybean crop at 17.00 mln tonnes, vs
+17.00 estimated last month. It put the 1985/86 crop at 13.90
+mln tonnes, vs 13.70 mln last month.
+    The department forecast Argentina's 1986/87 soybean crop at
+7.70 mln tonnes, vs 7.70 mln last month. It projected the
+1985/86 crop at 7.30 mln tonnes, vs 7.30 mln last month.
+    Brazil's 1986/87 soybean exports were forecast at 2.50 mln
+tonnes, vs 2.50 mln tonnes estimated last month. USDA projected
+1985/86 exports at 1.20 mln tonnes, vs 1.20 mln last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5221" NEWID="15866">
+<DATE> 9-APR-1987 15:16:25.46</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2226&#31;reute
+u f BC-argentine-c'rse-wheat   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ESTIMATES ARGENTINE COARSE GRAIN, WHEAT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+forecast Argentina's 1986/87 coarse grain crop at 13.99 mln
+tonnes, vs 15.44 mln tonnes last month. It estimated the
+1985/86 crop at 17.06 mln tonnes, vs 17.14 mln last month.
+    USDA forecast Argentina's 1986/87 wheat crop at 9.00 mln
+tonnes, vs 9.00 mln tonnes last month, while the 1985/86 crop
+was projected at 8.50 mln tonnes, vs 8.50 mln last month.
+    USDA forecast Argentine 1986/87 coarse grain exports at
+6.60 mln tonnes, vs 7.73 mln tonnes last month, and projected
+1985/86 exports at 9.43 mln tonnes, vs 9.58 mln last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5222" NEWID="15867">
+<DATE> 9-APR-1987 15:16:51.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2229&#31;reute
+f f BC-******STOP-AND-SHOP-C   04-09 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>STOP AND SHOP COS IN 2-FOR-1 SPLIT, HIKES DIVIDEND
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5223" NEWID="15868">
+<DATE> 9-APR-1987 15:17:01.93</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2230&#31;reute
+u f BC-australia-wheat-est   04-09 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ESTIMATES AUSTRALIA WHEAT CROP</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+forecast Australia's 1986/87 wheat crop at 16.70 mln tonnes, vs
+17.30 mln tonnes last month. It estimated 1985/86 output at
+16.13 mln tonnes, vs 16.13 mln last month.
+    Australian wheat exports in 1986/87 are forecast at 14.50
+mln tonnes, vs 14.50 mln tonnes last month, while exports in
+1985/86 are estimated at 15.96 mln tonnes, vs 15.96 mln last
+month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5224" NEWID="15869">
+<DATE> 9-APR-1987 15:17:29.74</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2234&#31;reute
+u f BC-china-crop-estimate   04-09 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ESTIMATES CHINA WHEAT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+projected China's 1986/87 wheat crop at 90.30 mln tonnes, vs
+88.50 mln tonnes last month. It estimated the 1985/86 crop at
+85.81 mln tonnes, vs 85.81 mln last month.
+    USDA projected China's 1986/87 wheat imports at 7.00 mln
+tonnes, vs 7.00 mln tonnes last month, and estimated 1985/86
+imports at 6.60 mln tonnes, vs 6.60 mln last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5225" NEWID="15870">
+<DATE> 9-APR-1987 15:18:00.94</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2237&#31;reute
+u f BC-canada-crop-estimate   04-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ESTIMATES CANADIAN CROPS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+estimated Canada's 1986/87 wheat crop at 31.85 mln tonnes, vs
+31.85 mln tonnes last month. It estimated 1985/86 output at
+24.25 mln tonnes, vs 24.25 mln last month.
+    Canadian 1986/87 coarse grain production is projected at
+27.62 mln tonnes, vs 27.62 mln tonnes last month. Production in
+1985/86 is estimated at 24.95 mln tonnes, vs 24.95 mln last
+month.
+    Canadian wheat exports in 1986/87 are forecast at 19.00 mln
+tonnes, vs 19.00 mln tonnes last month. Exports in 1985/86 are
+estimated at 17.72 mln tonnes, vs 17.71 mln last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5226" NEWID="15871">
+<DATE> 9-APR-1987 15:18:19.07</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D><D>soy-meal</D><D>meal-feed</D><D>veg-oil</D><D>soy-oil</D><D>cotton</D><D>sorghum</D><D>cotton-oil</D><D>barley</D><D>oat</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2239&#31;reute
+b f BC-net-change-exports   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NET CHANGE IN EXPORT COMMITMENTS -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department gave
+the net change in export commitments, including sales,
+cancellations, foreign purchases and cumulative exports, in the
+current seasons through the week ended April 2, with
+comparisons, as follows, in tonnes, except as noted --
+                        4/2/87   Prev Week
+            All Wheat   119,800    368,300
+                 Corn 1,001,900    927,000
+             Soybeans   240,500    300,900
+         Soy Cake/Meal  117,700    170,200
+          Soybean Oil     2,400-x    8,100
+            Cotton-Y     60,200     31,900
+   x-minus total. Y-running bales.
+    The indicated totals include reported commitments to both
+named and unnamed destinations, sales on exporters' own account
+and optional origin sales plus actual exports already made
+during the respective marketing seasons.
+    The USDA cautions that reported outstanding sales are
+subject to modification, deferral or cancellation and it is
+unlikely that all reported quantities will be exported.
+    USDA gave detailed breakdowns for the 1986/87 and 1987/88
+seasons as follows, in thousand tonnes unless stated --
+ (A) - Firm sales to a declared destination.
+ (B) - Ultimate destination not yet declared.
+ (C) - Sales made on exporters' own account.
+ (D) - Exporter holds option to fill commitment with supplies 
+from origins other than U.S.
+ (E) - Accumulated exports since season began based on data 
+reported by exporters.
+ (F) - Indicated total for season.
+ (G) - USDA-projected exports for season.
+ Note -- Totals may not add due to rounding.
+     ALL WHEAT
+                1986/87             1987/88
+             4/2/87   Prev Wk  4/3/87 Prev Wk
+ Named-A    3,157.6   3,684.1 1,591.4 1,635.6
+ Unnamed-B    143.8     144.3    87.1    57.1
+ E.O.A.-C       9.5       9.5     nil     nil
+ O.O.P.-D       nil       nil     nil     nil
+ Gr Total   3,310.9   3,837.9 1,679.0 1,692.7
+ Ay Expd-E 21,044.6  20,433.4
+ Ind Ttl-F 24,355.5  24,271.3
+ USDAPRJ-G 27,900.0  27,900.0
+    SOYBEANS
+                 1986/87            1987/88
+             4/2/87   Prev Wk   4/2/87  Prev Wk
+ Named-A    1,774.7  1,780.3     215.9   215.9
+ Unnamed-B    500.3    524.8       nil    30.0
+ E.O.A.-C      18.4     18.4       nil     nil
+ O.O.P.-D       nil      nil       nil     nil
+ Gr Total   2,293.4  2,323.5     215.9   245.9
+ Ay Expd-E 14,334.2 14,183.2
+ Ind Ttl-F 16,627.6 16,506.7
+ USDAPRJ-G 19,050.0 19,050.0
+    CORN
+                1986/87             1987/88
+            4/2/87    Prev Wk    4/2/87 Prev WK
+ Named-A    8,559.8   8,684.8    772.1   268.8
+ Unnamed-B    945.7     920.1      nil     nil
+ E.O.A-C       90.8      66.9      nil     nil
+ O.O.P-D      138.0     175.0      nil     nil
+ Gr Total   9,734.3   9,846.9    772.1   268.8
+ Ay Expd-E 20,296.0  19,293.8
+ Ind Ttl-F 30,030.3  29,140.7
+ USDAPRJ-G 31,750.0  31,750.0
+    SORGHUM
+                1986/87            1987/88
+             4/2/87  Prev Wk    4/2/87 Prev WK
+ Named-A      875.6    805.1     nil      nil
+ Unnamed-B    151.2    151.2     10.2-x   nil
+ E.O.A-C        nil      nil     nil      nil
+ O.O.P-D      114.5    138.3     nil      nil
+ Gr Total   1,141.3  1,094.6     10.2-x   nil
+ Ay Expd-E  3,222.5  3,149.7
+ Ind Ttl-F  4,363.8  4,244.3
+ USDAPRJ-G  5,720.0  5,720.0
+ x-minus total 
+    WHEAT PRODUCTS
+               1986/87            1987/88
+            4/2/87  Prev Wk   4/2/87   Prev Wk
+ Named-A     321.0   401.9       nil    nil
+ Unnamed-B     nil     nil       nil    nil
+ E.O.A.-C      nil     nil       nil    nil
+ O.O.P.-D      nil     nil       nil    nil
+ Gr Total    321.0   401.9       nil    nil
+ Ay Expd-E   926.9   840.9
+ Ind Ttl-F 1,348.2 1,242.8
+  Note - Includes bulgur, semolina, farina, rolled, cracked and
+crushed wheat.
+    SOYBEAN OIL
+               1986/87           1987/88
+           4/2/87  Prev Wk    4/2/87  Prev Wk
+ Named-A      8.8    10.4      nil     nil
+ Unnamed-B    7.0    10.5      nil     nil
+ E.O.A-C      nil     nil      nil     nil
+ O.O.P-D      nil     nil      nil     nil
+ Gr Total    15.8    20.9      nil     nil
+ Ay Expd-E  138.4   135.8
+ Ind Ttl-F  154.2   156.7
+ USDAPRJ-G  610.0   610.0
+    SOYBEAN CAKE AND MEAL
+                1986/87             1987/88
+             4/2/87  Prev Wk    4/2/87 Prev Wk
+ Named-A      788.0    869.7    50.7      48.4
+ Unnamed-B     76.0     94.0     nil       nil
+ E.O.A-C        2.7      6.1     nil       nil
+ O.O.P-D        nil      nil     nil       nil
+ Gr Total     866.7    969.8    50.7      48.4
+ Ay Expd-E  4,098.0  3,880.6
+ Ind Ttl-F  4,964.7  4,850.4
+ USDAPRJ-G  5,760.0  5,760.0
+     COTTONSEED OIL
+               1986/87            1987/88
+            4/2/87  Prev Wk   4/2/87   Prev Wk
+ Named-A      7.4     7.2       nil     nil
+ Unnamed-B    0.3     0.3       nil     nil
+ E.O.A.-C     nil     nil       nil     nil
+ O.O.P.-D     7.8     7.8       nil     nil
+ Gr Total    15.4    15.2       nil     nil
+    ALL UPLAND DOMESTIC RAW COTTON-Y
+                1986/87            1987/88
+            4/2/87    Prev Wk   4/2/87  Prev Wk
+ Named-A    2,007.9  2,076.1     468.2   457.2
+ Unnamed-B     20.3     20.2       nil     nil
+ E.O.A-C        nil      nil       nil     nil
+ O.O.P-C        nil      nil       nil     nil
+ Gr Total   2,028.2  2,096.3     468.2   457.2
+ Ay Expd-E  4,333.1  4,204.7
+ Ind Ttl-F  6,361.3  6,301.0
+ USDAPRJ-G  6,335.0  6,335.0
+  Y-In thousand running bales.
+    BARLEY
+                 1986/87            1987/88
+            4/2/87   Prev Wk     4/2/87 Prev Wk
+ Named-A      559.5    584.5      nil      nil
+ Unnamed-B     12.7     12.7      nil      nil
+ E.O.A.-C       nil      nil      nil      nil
+ O.O.P.-D      25.0     25.0      nil      nil
+ Gr Total     597.1    622.1      nil      nil
+ Ay Expt-E  2,464.6  2,440.7
+ Ind Ttl-F  3,061.7  3,062.8
+ USDAPRJ-G  3,270.0  3,270.0
+    OATS
+             1986/87            1987/88
+           4/2/87 Prev Wk    4/2/87  Prev Wk
+ Named-A     nil    nil       nil    nil
+ Unnamed-B   nil    nil       nil    nil
+ E.O.A.-C    nil    nil       nil    nil
+ O.O.P.-D    nil    nil       nil    nil
+ Gr Total    nil    nil       nil    nil
+ Ay Expd-E   2.4    2.4
+ Ind Ttl-F   2.4    2.4
+ USDAPRJ-G  30.0   30.0
+    RICE
+                1986/87            1987/88
+            4/2/87   Prev Wk    4/2/87  Prev Wk
+ Named-A      347.6    369.1      nil     nil
+ Unnamed-B      1.0      1.0      nil     nil
+ E.O.A-C        nil      nil      nil     nil
+ O.O.P-D        nil      nil      nil     nil
+ Gr Total     348.6    370.1      nil     nil
+ Ay Expd-E  1,718.8  1,688.2
+ Ind Ttl-F  2,067.4  2,058.3
+ USDAPRJ-G  2,580.0  2,580.0
+    HARD RED WINTER WHEAT
+               1986/87            1987/88
+           4/2/87   Prev Wk     4/2/87  Prev Wk
+ Named-A   1,738.0  2,019.7     893.0   943.0
+ Unnamed-B    80.5     70.5     107.6    77.2
+ E.O.A.-C      nil      nil       nil     nil
+ O.O.P.-D      nil      nil       nil     nil
+ Gr Total  1,818.5  2,090.2   1,000.6 1,020.2
+ Ay Exp-E  8,332.1  7,974.5
+ Ind Tl-F 10,150.6 10,064.8
+    WHITE WHEAT
+               1986/87            1987/88
+            4/2/87  Prev Wk    4/2/87   Prev Wk
+ Named-A     548.5    635.6     58.0    58.0
+ Unnamed-B    19.0-x   19.0-x    6.0-x   6.0-x
+ E.O.A.-C      nil      nil      nil     nil
+ O.O.P.-D      nil      nil      nil     nil
+ Gr Total    529.5    616.6     52.0    52.0
+ Ay Exp-E  3,831.5  3,757.7
+ Ind Tl-F  4,361.0  4,374.3
+  x - denotes minus figure
+    HARD RED SPRING WHEAT
+              1986/87             1987/88
+          4/2/87   Prev Wk    4/2/87   Prev Wk
+ Named-A    576.6    620.6    164.7   164.7
+ Unnamed-B   29.6     16.0      nil     nil
+ E.O.A.-C     0.9      0.9      nil     nil
+ O.O.P.-D     nil      nil      nil     nil
+ Gr Total   607.1    637.5    164.7   164.7
+ Ay Exp-E 4,312.4  4,247.6
+ Ind Tl-F 4,919.5  4,885.1
+     DURUM WHEAT
+              1986/87              1987/88
+           4/2/87   Prev Wk    4/2/87  Prev Wk
+ Named-A    166.6    280.3      93.4   93.4
+ Unnamed-B   52.8     76.9       nil    nil
+ E.O.A.-C     2.8      2.8       nil    nil
+ O.O.P.-D     nil      nil       nil    nil
+ Gr Total   222.2    360.0      93.4   93.4
+ Ay Exp-E 1,842.6  1,727.5
+ Ind Tl-F 2,064.8  2,087.5
+    SOFT RED WINTER WHEAT
+               1986/87             1987/88
+            4/2/87  Prev Wk     4/2/87  Prev Wk
+ Named-A     127.8    127.8    382.3   376.5
+ Unnamed-B     nil      nil     14.0-x  14.0-x
+ E.O.A.-C      5.8      5.8      nil     nil
+ O.O.P.-D      nil      nil      nil     nil
+ Gr Total    133.6    133.6    368.3   362.5
+ Ay Exp-E  2,726.0  2,726.0
+ Ind Tl-F  2,859.6  2,859.6
+ x-minus figure
+    Country and destinations of the identified sales of
+commodities reported by exporters in week ended April 2 for
+the respective marketing seasons were detailed by the USDA as
+follows, with comparisons for the previous week, in thousands
+of tonnes, except where noted-- 
+ ALL WHEAT  
+               1986/87             1987/88
+             4/2/87  Prev Wk   4/2/87   Prev Wk
+ E.C.          nil     nil      50.0    50.0
+ Other West
+ Europe      218.8   236.8       nil     nil
+ East Europe 261.0   346.0      25.0    25.0
+    ALL WHEAT Continued
+                 1986/87            1987/88
+             4/2/87  Prev Wk    4/2/87  Prev Wk
+ USSR           nil      nil      nil     nil
+ Japan        490.4    662.2      nil     nil
+ China         90.0     90.0    910.0   910.0
+ Taiwan       115.0    141.0    144.0   144.0
+ Other Asia and
+ Oceania      654.9    730.9     28.6    78.6
+ Africa       959.5  1,115.0    167.1   167.1
+ Western
+ Hemisphere   367.9    362.1    266.7   260.9
+ SOYBEANS        1986/87            1987/88
+            4/2/87   Prev Wk   4/2/87   Prev Wk
+ E.C.        302.2     317.7    91.4     91.4
+ Other West
+ Europe       25.0      25.0     nil      nil
+ East Europe 101.0     101.0     nil      nil
+ Japan       355.4     330.5     nil      nil
+ China         nil       nil     nil      nil
+ Taiwan      472.0     499.0    87.0     87.0
+ Other Asia and
+ Oceania     164.6     187.7     nil      nil
+ Africa        nil       nil     nil      nil
+ Western
+ Hemisphere  354.4     391.5     37.5    37.5
+    SOYBEAN OIL
+             1986/87           1987/88
+          4/2/87  Prev Wk    4/2/87  Prev Wk
+ E.C.        1.5     1.5      nil     nil
+ India       nil     nil      nil     nil
+ Other Asia and
+ Oceania     nil     nil      nil     nil
+ Africa      nil     nil      nil     nil
+ Western
+ Hemisphere  7.3     8.9      nil     nil
+    SOYBEAN CAKE/MEAL
+                 1986/87            1987/88
+            4/2/87   Prev Wk   4/2/87   Prev Wk
+ E.C.        301.7   350.7     47.2   45.0
+ Other West
+ Europe        nil     nil      nil    nil
+ East Europe   nil    36.0      nil    nil
+ Japan         nil     3.5      nil    nil
+ Other Asia and
+ Oceania      25.0    40.0      nil    nil
+ Africa       30.2    38.0      nil    nil
+ Western
+ Hemisphere  431.0   401.5      3.4    3.4
+    CORN         1986/87            1987/88
+              4/2/87   Prev Wk   4/2/87  Prev Wk
+ E.C.           82.5     22.5       0.2     0.2
+ Other West
+ Europe          nil      0.8       nil     nil
+ E. Europe      94.0     50.0      50.0    50.0
+ USSR        2,432.7  2,543.8       nil     nil
+ Japan       2,767.4  2,787.8      52.4    21.0
+ China         495.0    555.0       nil     nil
+ Taiwan        791.0    836.0     390.0   170.0
+ Other Asia and
+ Oceania       721.7    615.2     250.0     nil
+ Africa        125.0    195.5       nil     nil
+ WestHem     1,050.5  1,114.0      29.4    27.6
+    UPLAND COTTON (In thousand bales)
+               1986/87             1987/88
+            4/2/87  Prev Wk     4/2/87 Prev Wk
+ E.C.        260.9    266.1     97.9    95.0
+ Other West
+ Europe       62.2     66.2      8.7     8.7
+ E. Europe     3.1      3.1      nil     nil
+ Japan       445.8    484.1     72.3    70.1
+ Taiwan      377.9    390.4     41.6    39.5
+ Other Asia and
+ Oceania     741.7    783.4    244.5   241.1
+ Africa       16.7     13.4      nil     nil
+ Western
+ Hemisphere   99.6     69.5      3.2     2.7
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5227" NEWID="15872">
+<DATE> 9-APR-1987 15:18:39.45</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2241&#31;reute
+h f BC-HOUSE-PANEL-WANTS-PEN   04-09 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE PANEL WANTS PENTAGON MANAGE U.S. STOCKPILE</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The House Armed Services Committee
+has voted for a transfer in the management of stockpiled
+materials for national defense to the U.S. Defense Secretary.
+    The committee also voted for legally-binding quantity and
+quality requirements on the materials, mostly metals.
+    The measures are a part of the Defense Authorization Bill
+which will be voted on in the House next month.
+    The purpose of the measures, passed by the committee
+yesterday, is to improve stockpile management and discourage
+sell-offs of materials that could jeopardize strategic needs, a
+staff member of the committee told Reuters.
+    "They (the stockpiles) stand to gain the most by being
+managed properly," said the staffer. "Management of the stockpile
+over the last 10 years has been atrocious."
+    Responsibility for stockpile management now belongs to a
+White House agency, the Federal Emergency Management Agency.
+    The staffer said that under the measures passed by the
+committee the Secretary of Defense would have more influence
+over decisions to keep or sell strategic stockpile materials.
+    The administration has proposed a goal of 700 million dlrs
+worth of strategic materials to be held in the stockpile. The
+stockpile now contains around 10 billion dlrs of materials.
+    He said several agencies currently helped FEMA to manage
+the stockpile and decide how much to sell to help the deficit.
+    These agencies included the Office of Management and Budget
+and the Departments of Interior and Commerce, he said.
+    The committee believed the shared involvement in stockpile
+management was counter-productive, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5228" NEWID="15873">
+<DATE> 9-APR-1987 15:19:13.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2243&#31;reute
+b f BC-/MIYAZAWA-WARNS-ABOUT   04-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA WARNS ABOUT CURRENCY SHIFTS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Japanese Finance Minister Kiichi
+Miyazawa said that further substantial exchange rate shifts
+could damage the prospects for growth and adjustment and called
+for cooperation in exchange markets.
+    In a statement to the International Monetary Funds Interim
+Committee, Miyazawa said it was imperative that current account
+surplus countries follow policies designed to strengthen
+domestic demand and reduce surpluses while maintaining price
+stability. He said Japan intended to carry out policies
+announced at the Paris meeting of finance ministers to
+stimulate its economy.
+    Miyazawa said that, given the massive external imbalances
+and serious unemployment in some countries, "there are very real
+fears of a protectionist uprising."
+    In addition, "we are most concerned about this very serious
+problem of exchange rate instability," Miyazawa said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5229" NEWID="15874">
+<DATE> 9-APR-1987 15:19:22.53</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2244&#31;reute
+u f BC-canada-crop-estimate   04-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ESTIMATES EUROPEAN COMMUNITY CROPS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+forecast the European Community's 1986/87 wheat crop at 71.60
+mln tonnes, vs 71.50 mln tonnes last month. It estimated
+1985/86 output at 71.70 mln tonnes, vs 71.71 mln last month.
+    E.C. 1986/87 coarse grain production is projected at 81.22
+mln tonnes, vs 81.19 mln tonnes last month. The 1985/86 crop is
+estimated at 88.21 mln tonnes, vs 88.28 mln last month.
+    E.C. wheat exports in 1986/87 are forecast at 28.22 mln
+tonnes, vs 28.31 mln tonnes last month. Exports in 1985/86 are
+estimated at 27.77 mln tonnes, vs 27.62 last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5230" NEWID="15875">
+<DATE> 9-APR-1987 15:19:34.82</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>meal-feed</D><D>veg-oil</D><D>corn</D><D>wheat</D><D>soybean</D><D>soy-oil</D><D>soy-meal</D><D>cotton</D><D>rice</D><D>sorghum</D><D>barley</D><D>oat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2245&#31;reute
+r f BC-us/supply/demand   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUPPLY/DEMAND DETAILED BY USDA</TITLE>
+<DATELINE>    Washington, April 9 - </DATELINE><BODY>The U.S. Agriculture Department made
+the following supply/demand projections for the 1986/87
+seasons, in mln bushels, with comparisons, unless noted --
+    CORN --     1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Acreage (mln acres) --
+     Planted   76.7    76.7     83.4    83.4
+   Harvested   69.2    69.2     75.2    75.2
+  Yield (bu)  119.3   119.3    118.0   118.0
+ Supply (mln bu) -- 
+ Start Stock  4,040   4,040    1,648   1,648
+  Production  8,253   8,253    8,877   8,877
+     Total-X 12,295  12,295   10,536  10,536
+  X-Includes imports.
+    CORN (cont.)
+                 1986/87           1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Usage: Feed  4,500    4,300     4,095    4,126
+       Other  1,180    1,150     1,160    1,129
+  Ttl Domest  5,680    5,450     5,255    5,255
+     Exports  1,375    1,250     1,241    1,241
+   Total Use  7,055    6,700     6,496    6,496
+  End Stocks  5,240    5,595     4,040    4,040
+ Farmer Reser 1,400    1,300       564      564
+  CCC Stocks  1,700    1,500       546      546
+ Free Stocks  2,140    2,795     2,930    2,930
+  AvgPrice  1.35-1.65  1.35-1.65  2.23     2.23
+  Note - Price in dlrs per bu. Corn season begins Sept 1.
+    ALL WHEAT -
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Acreage (mln acres) --
+     Planted   72.0    72.0     75.6    75.6
+   Harvested   60.7    60.7     64.7    64.7
+       Yield   34.4    34.4     37.5    37.5
+ Supply (mln bu) --
+ Start Stcks  1,905   1,905    1,425   1,425
+  Production  2,087   2,087    2,425   2,425
+       Total
+    Supply-X  4,007   4,007    3,865   3,865
+ X - Includes imports.
+    ALL WHEAT   1986/87            1985/86
+ (cont.)   04/09/87 03/09/87  04/09/87 03/09/87
+ Usage: Food    700    690       678    678
+        Seed     84     90        93     93
+        Feed    350    325       274    274
+  Ttl Domest  1,134  1,105     1,045  1,045
+     Exports  1,025  1,025       915    915
+   Total Use  2,159  2,130     1,960  1,960
+  End Stocks  1,848  1,877     1,905  1,905
+ Farmer Reser   475    450       433    433
+  CCC Stocks    950    950       602    602
+ Free Stocks    423    477       870    870
+  Avg Price  2.30-40  2.30-40   3.08   3.08
+ Note - Price in dlrs per bushel. Wheat season begins June 1.
+    SOYBEANS -
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Acreage (mln acres) --
+      Planted   61.5   61.5     63.1   61.1
+    Harvested   59.4   59.4     61.6   61.6
+   Yield (bu)   33.8   33.8     34.1   34.1
+ Supply (mln bu) --
+ Start Stocks    536    536      316    316
+   Production  2,007  2,007    2,099  2,099
+        Total  2,543  2,543    2,415  2,415
+    SOYBEANS (cont.)
+               1986/87             1985/86
+          04/09/87 03/09/87   04/09/87 03/09/87
+      Usage --
+  Crushings  1,130   1,115      1,053   1,053
+    Exports    700     700        740     740
+ Seed, Feed and
+   Residual    103      93         86      86
+  Total Use  1,933   1,908      1,879   1,879
+ End Stocks    610     635        536     536
+ Avg Price 4.60-4.80 4.60-4.80   5.05    5.05
+ Note - Average price in dlrs per bushel. Soybean season begins
+June 1.
+    FEEDGRAINS - X
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Acreage (mln acres) --
+      Planted  119.8   119.8     128.1   128.1
+    Harvested  102.0   102.0     111.8   111.8
+ Yld (tonnes)   2.48    2.48      2.45    2.45
+ Supply (mln tonnes) --
+ Start Stocks  126.4   126.4      57.5    57.5
+   Production  252.4   252.4     274.4   274.4
+      Imports    0.6     0.6       0.9     0.9
+        Total  379.4   379.4     332.7   332.7
+ X - Includes corn, sorghum, barley, oats.
+    FEEDGRAINS - X (cont.)
+                 1986/87          1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Usage: Feed  140.6   136.2     134.8   135.5
+       Other   35.8    35.0      35.0    34.3
+  Ttl Domest  176.4   171.2     169.8   169.8
+     Exports   43.9    40.8      36.6    36.6
+   Total Use  220.3   211.9     206.4   206.4
+  End Stocks  159.1   167.5     126.4   126.4
+ Farmer Reser  39.0    36.5      16.6    16.6
+  CCC Stocks   55.2    49.5      20.4    20.4
+ Free Stocks   64.8    81.5      89.3    89.3
+ X - Includes corn, sorghum, oats, barley. Seasons for oats,
+barley began June 1, corn and sorghum Sept 1.
+    SOYBEAN OIL -
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Supply (mln lbs) --
+ Start Stcks     947     947       632     632
+  Production  12,263  12,103    11,617  11,617
+     Imports     Nil     Nil         8       8
+       Total  13,210  13,050    12,257  12,257
+ Note - 1985/86 production estimates based on October year
+crush of 1,060 mln bushels.
+    SOYBEAN OIL (cont.) -
+               1986/87             1985/86
+          04/09/87  03/09/87  04/09/87  03/09/87
+ Usage (mln lbs) --
+  Domestic  10,500    10,500    10,053   10,053
+   Exports   1,350     1,350     1,257    1,257
+     Total  11,850    11,850    11,310   11,310
+ End Stcks   1,360     1,200       947      947
+ AvgPrice  14.5-16.0  15.0-17.0  18.00    18.00
+ Note - Average price in cents per lb. Season for soybean oil
+begins Oct 1.
+    SOYBEAN CAKE/MEAL, in thousand short tons --
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks     212     212       387     387
+  Production  26,558  26,203    24,951  24,951
+       Total  26,770  26,415    25,338  25,338
+ Note - 1985/86 production estimates based on October year
+crush of 1,060 mln bushels.
+    SOY CAKE/MEAL (cont.) -
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Usage (thous short tons) --
+  Domestic   20,000  19,750    19,090  19,118
+   Exports    6,500   6,350     6,036   6,008
+     Total   26,500  26,100    25,126  25,126
+ End Stcks      270     315       212     212
+  AvgPrice  145-150  145-150   154.90  154.90
+  Note - Price in dlrs per short ton. Season for soybean cake
+and meal begins Oct 1.
+    COTTON --
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Area (mln acres) --
+      Planted  10.06   10.06     10.68   10.68
+    Harvested   8.49    8.49     10.23   10.23
+  Yield (lbs)    549     553       630     630
+ Supply (mln 480-lb bales) --
+ Start Stks-X   9.35    9.35      4.10    4.10
+   Production   9.70    9.79     13.43   13.43
+ Ttl Supply-Y  19.06   19.14     17.57   17.57
+  X - Based on Census Bureau data. Y - Includes imports.
+    COTTON (cont.) -
+               1986/87           1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+   Usage --
+   Domestic   7.10    7.01     6.40    6.40
+    Exports   6.66    6.76     1.96    1.96
+      Total  13.76   13.77     8.36    8.36
+ End Stocks   5.40    5.49     9.35    9.35
+ Avge Price  51.7-X  51.7-X   56.50   56.50
+ X - 1986/87 price is weighted average for first five months of
+marketing year, not a projection for 1986/87. Average price in
+cents per lb. Cotton season begins August 1.
+    RICE
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Acreage (mln acres) --
+     Planted   2.40    2.40      2.51    2.51
+   Harvested   2.38    2.38      2.49    2.49
+ Yield (lbs)  5,648   5,648     5,414   5,414
+ Supply (mln cwts) --
+ Start Stcks   77.3    77.3      64.7    64.7
+  Production  134.4   134.4     134.9   134.9
+     Imports    2.2     2.2       2.2     2.2
+       Total  213.9   213.9     201.8   201.8
+    RICE (cont.)
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Usage (mln cwts) --
+    Domestic   67.0    67.0      65.8    65.8
+     Exports   80.0    80.0      58.7    58.7
+     Total-Y  147.0   147.0     124.5   124.5
+  End Stocks   66.9    66.9      77.3    77.3
+  CCC Stocks   42.9    42.9      41.5    41.5
+ Free Stocks   24.0    24.0      35.8    35.8
+   AvgPrice 3.45-4.25 3.45-4.25  6.53    6.53
+ Note - Average price in dlrs per CWT. Y-Rough equivalent.
+N.A.-Not Available, USDA revising price definition due to
+marketing loan. Rice season begins August 1.
+    SORGHUM
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+  Yield (bu)  67.7    67.7     66.8    66.8
+ Supply (mln bu) --
+ Start Stcks   551     551      300     300
+  Production   942     942    1,120   1,120
+       Total 1,493   1,493    1,420   1,420
+  Usage (mln bu) --
+        Feed   550     575      662     662
+       Other    30      30       29      29
+  Ttl Domest   580     605      691     691
+    SORGHUM (cont.) -
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+    Exports     225     225       178     178
+  Total Use     805     830       869     869
+ End Stocks     688     663       551     551
+ Avge Price  1.30-50  1.30-50    1.93    1.93
+ Note - Price in dlrs per bushel. Sorghum season begins Sept 1.
+    BARLEY
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+   Yield (bu)  50.8    50.8      51.0    51.0
+ Start Stocks   325     325       247     247
+   Production   610     610       591     591
+      Imports     5       5         9       9
+        Total   941     941       847     847
+    BARLEY (cont.)
+             1986/87            1985/86
+        04/09/87 03/15/87  04/09/87 03/15/87
+ Usage (mln bu) --
+       Feed  300    300       333    333
+      Other  175    175       167    167
+ Ttl Domest  475    475       500    500
+    Exports  150    150        22     22
+  Total Use  625    625       522    522
+ End Stocks  316    316       325    325
+  AvgPrice 1.45-65  1.45-65  1.98   1.98
+ Note - Average price in dlrs per bushel. Barley season begins
+June 1.
+    OATS - in mln bushels
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+  Yield (bu)  56.0   56.0      63.7   63.7
+ Start Stcks   184    184       180    180
+  Production   385    385       521    521
+     Imports    30     30        28     28
+       Total   598    598       729    729
+    OATS, in mln bushels (cont.)
+              1986/87             1985/86
+         04/09/87 03/09/87   04/09/87 03/09/87
+     Usage --
+      Feed   400     400       460     460
+     Other    85      85        83      83
+ Ttl Domes   485     485       543     543
+   Exports     2       2         2       2
+     Total   487     487       545     545
+ End Stcks   111     111       184     184
+ AvgPrice 1.00-20  1.00-20    1.23    1.23
+  Note - Average price in dlrs per bushel. Oats season begins
+June 1.
+    LONG GRAIN RICE, in mln CWTs (100 lbs) --
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+   Harvested --
+ Acres (mln)   1.83    1.83     1.94    1.94
+ Yield (lbs)  5,358   5,358    5,168   5,168
+  Start Stks   49.3    49.3     37.7    37.7
+  Production   97.8    97.8    100.4   100.4
+  Ttl Supply  148.6   148.6    140.1   140.1
+ Note -- Starting Stocks does not include broken kernels --
+Supply minus use does not equal ending stocks in breakdowns.
+Total Supply includes imports but not broken kernels.
+    LONG GRAIN RICE, in mln CWTs (100 lbs), cont. --
+                 1986/87           1985/86
+            04/09/87 03/09/87 04/09/87 03/09/87
+ Domestic Use   43.0    43.0      48.8    48.8
+      Exports   65.0    60.0      42.0    42.0
+    Total Use  108.0   103.0      90.8    90.8
+ End Stocks-X   40.6    45.6      49.3    49.3
+    AvgPric 3.45-4.25 3.45-4.24   6.86    6.86
+ Note - Average price in dlrs per cwt. X-Broken kernels not
+included -- supply minus use does not equal ending stocks in
+breakdowns. Rice season begins August 1.
+    MEDIUM, SHORT GRAIN RICE - in mln CWTs (100 lbs) --
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+   Harvested --
+ Acres (mln)   0.55    0.55     0.55    0.55
+ Yield (lbs)  6,651   6,651    6,258   6,258
+  Start Stks   26.7    26.7     25.7    25.7
+  Production   36.6    36.6     34.5    34.5
+  Ttl Supply   65.3    65.3     61.7    61.7
+ Note -- Starting Stocks does not include broken kernels --
+Supply minus use does not equal ending stocks in breakdowns.
+Total Supply includes imports but not broken kernels.
+    MEDIUM, SHORT GRAIN RICE, in mln CWTs (100 lbs), cont. --
+                 1986/87          1985/86
+            04/09/87 03/09/87 04/09/87 03/09/87
+ Domestic Use   24.0    24.0      17.0    17.0
+      Exports   15.0    20.0      16.7    16.7
+    Total Use   39.0    44.0      33.7    33.7
+ End Stocks-X   24.5    19.5      26.7    26.7
+    AvgPric 3.45-4.25  3.45-4.25  5.91    5.91
+ Note - Average price in dlrs per CWT. X-Broken kernels not
+included - supply minus use does not equal ending stocks in
+breakdowns. Rice season begins August 1.
+    NOTES ON U.S. SUPPLY/DEMAND TABLES
+    -- N.A. - Not available.
+    -- Totals may not add due to rounding.
+    -- Figures for 1986/87 are midpoint of USDA range.
+    -- Feed usage for corn, wheat, soybean, feedgrains,
+sorghum, barley, oats includes residual amount.
+    -- Residual amount included in rice and medium/short grain
+rice domestic usage.
+    -- Rice, long grain, and medium/short grain rice average
+price for 1985/86 estimates and 1986/87 projections are market
+prices and exclude cash retained under the marketing loan since
+April, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5231" NEWID="15876">
+<DATE> 9-APR-1987 15:20:34.29</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2249&#31;reute
+u f BC-ussr-sunseed/cott-est   04-09 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ESTIMATES USSR COTTON CROP</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+forecast the Soviet 1986/87 cotton crop at 11.20 mln bales
+(480-lbs net), vs 11.20 mln bales forecast last month.
+    The department also estimated the 1985/86 Soviet cotton
+crop at 12.10 mln bales, vs 12.10 mln bales last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5232" NEWID="15877">
+<DATE> 9-APR-1987 15:20:42.59</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2250&#31;reute
+u f BC-S.-Africa-crop-estim   04-09 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ESTIMATES SOUTH AFRICA CORN CROP, EXPORTS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+forecast South Africa's 1986/87 corn crop at 8.50 mln tonnes,
+vs 9.50 mln tonnes last month. It estimated the 1985/86 crop at
+8.08 mln, vs 8.08 mln last month.
+    USDA forecast South African 1986/87 corn exports at 2.10
+mln tonnes, vs 3.00 mln tonnes last month, and 1985/86 exports
+at 2.75 mln tonnes, vs 2.75 mln tonnes last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5233" NEWID="15878">
+<DATE> 9-APR-1987 15:21:25.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2255&#31;reute
+u f BC-STOP-AND-SHOP-COS-&lt;SH   04-09 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOP AND SHOP COS &lt;SHP> IN TWO-FOR-ONE SPLIT</TITLE>
+<DATELINE>    BOSTON, April 9 - </DATELINE><BODY>The Stop and Shop Cos Inc said its board
+voted a two-for-one stock split payable July One, to
+stockholders of record May 29.
+    It also said it was raising its quarterly cash dividend 16
+pct to 32 cts per share from 27.5 cts per share prior.
+    As a result of the split, the number of outstanding shares
+will increase to 28 mln from 14 mln, the company said.
+    The dividend is payable July One to shareholders of record
+May 29, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5234" NEWID="15879">
+<DATE> 9-APR-1987 15:23:24.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2268&#31;reute
+d f BC-NATIONAL-BEVERAGE-TO   04-09 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL BEVERAGE TO ACQUIRE FAYGO BEVERAGES</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., April 9 - </DATELINE><BODY>&lt;National Beverage Corp>
+said it agreed to acquire &lt;Faygo Beverages Inc> for an
+undisclosed amount of cash.
+    Faygo has revenues in excess of of 100 mln dlrs, National
+Beverage said.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5235" NEWID="15880">
+<DATE> 9-APR-1987 15:23:33.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2269&#31;reute
+d f BC-SALOMON-BROTHERS-REST   04-09 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON BROTHERS RESTRUCTURES LONDON OPERATION</TITLE>
+<DATELINE>    LONDON, April 9 - </DATELINE><BODY>Salomon Brothers Inc said it was altering
+the management structure of its London operation, Salomon
+Brothers International Ltd, following a similar move in New
+York last October.
+    Under the new structure, Charles McVeigh, who currently
+heads the London operation, will be chairman, while Miles
+Slater will be president and chief executive officer. Slater
+will continue to be in charge of the firm's international fixed
+income commitment taking and international capital markets
+services.
+    Bruce Koepfgen, manager of the London office, will be U.K.
+and European sales manager and general manager of the office.
+    A board of directors also is being introduced consisting of
+seven managing directors involved in key areas of the firm's
+business.
+    They are Peter Clarke, George Hutchinson, Koepfgen,
+McVeigh, Sheldon Prentice, Slater and Daniel Tyree.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5236" NEWID="15881">
+<DATE> 9-APR-1987 15:26:05.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2281&#31;reute
+r f BC-AUDIO/VIDEO-AFFILIATE   04-09 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDIO/VIDEO AFFILIATES &lt;AVA> 4TH QTR JAN 31 NET</TITLE>
+<DATELINE>    DAYTON, Ohio, April 9 -
+    </DATELINE><BODY>Shr 17 cts vs 28 cts
+    Net 2,668,000 vs 3,655,000
+    Revs 93.9 mln vs 83.8 mln
+    Avg shrs 15.7 mln vs 13.2 mln
+    12 mths
+    Shr 48 cts vs 58 cts
+    Net 7,510,000 vs 7,482,000
+    Revs 228.8 mln vs 181.9 mln
+    Avg shrs 15.7 mln vs 12.9 mln
+    NOTE: full name of company is audio/video affiliates Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5237" NEWID="15882">
+<DATE> 9-APR-1987 15:26:12.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2282&#31;reute
+r f BC-MEMORY-METALS-&lt;MRMT>   04-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEMORY METALS &lt;MRMT> REMOVES CHAIRMAN</TITLE>
+<DATELINE>    STAMFORD, Conn., April 9 - </DATELINE><BODY>Memory Metals Inc said that at a
+special meeting of the board of directors it removed M. Brian
+O'Shaugnessy as chairman, president and chief executive
+officer.
+    The company said it replaced O'Shaugnessy as president with
+Stephen Fischer, formerly senior vice president and chief
+operating officer.
+    The other two positions have not been filled yet, a
+spokesman for the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5238" NEWID="15883">
+<DATE> 9-APR-1987 15:26:19.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2283&#31;reute
+r f BC-VLSI-&lt;VLSI>-PLANS-DEB   04-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VLSI &lt;VLSI> PLANS DEBT OFFERING</TITLE>
+<DATELINE>    SAN JOSE, Calif., April 9 - </DATELINE><BODY>VLSI Technology Inc said it
+plans to file a registration statement with the Securities and
+Exchange Commission in mid-April covering a proposed
+underwritten public offering of 50 mln dlrs principal amount of
+convertible subordinated debentures.
+    The company said it plans to use proceeds from the offering
+to fund growth and for capital expenditures associated with
+increasing manufacturing capacity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5239" NEWID="15884">
+<DATE> 9-APR-1987 15:26:28.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2284&#31;reute
+r f BC-PROCTER-AND-GAMBLE-&lt;P   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROCTER AND GAMBLE &lt;PG> SETS TURKISH VENTURE</TITLE>
+<DATELINE>    CINCINNATI, April 9 - </DATELINE><BODY>Procter and Gamble Co said its Swiss
+subsidiary, Procter and Gamble AG, has concluded an agreement
+with Mintax Deterjan Sanayii AS to establish a joint venture in
+Turkey.
+    The venture, 50 pct owned by Procter and Gamble, has been
+approved by the Turkish government. It will market consumer
+products in Turkey. Other terms were not disclosed.
+    Privately held Mintax, based in Istanbul, has 900 employees
+and makes laundry detergents, dishwashing products, shampoo,
+fabric softeners and deodorant. Its 1986 sales about 50 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5240" NEWID="15885">
+<DATE> 9-APR-1987 15:26:36.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2285&#31;reute
+r f BC-FLUOROCARBON-&lt;FCBN>-B   04-09 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLUOROCARBON &lt;FCBN> BUYS EATON &lt;ETN> DIVISION</TITLE>
+<DATELINE>    LAGUNA NIGUEL, Calif., April 9 - </DATELINE><BODY>Fluorocarbon Co said it
+signed a definitive agreement to acquire Eaton Corp's
+Industrial Polymer division for an undisclosed price.
+    The polymer division, based in Aurora, Ohio, had 1986 sales
+of 86 mln dlrs, Fluorocarbon also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5241" NEWID="15886">
+<DATE> 9-APR-1987 15:26:40.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2286&#31;reute
+r f BC-FIRST-UNION-CORP-&lt;FUN   04-09 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION CORP &lt;FUNC> 1ST QTR NET</TITLE>
+<DATELINE>    CHARLOTTE, N.C., April 9 -
+    </DATELINE><BODY>Shr 71 cts vs 61 cts
+    Net 78.5 mln vs 64.6 mln
+    NOTE: Current qtr includes gain of seven cts/shr from sale
+of securities. Year-ago restated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5242" NEWID="15887">
+<DATE> 9-APR-1987 15:27:13.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2289&#31;reute
+r f BC-AMEX-SEAT-SELLS-FOR-R   04-09 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX SEAT SELLS FOR RECORD 380,000 DLRS</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>The American Stock Exchange said a seat
+on the exchange sold for 380,000 dlrs, a record price that is
+5,000 dlrs higher than the previous sale on Feb 17.
+    The current bid is 330,000 dlrs and the offer, 425,000
+dlrs, the exchange said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5243" NEWID="15888">
+<DATE> 9-APR-1987 15:28:13.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2290&#31;reute
+r f BC-FINANCIAL-NEWS-NETWOR   04-09 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL NEWS NETWORK INC &lt;FNNI> 2ND QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 9 -
+    </DATELINE><BODY>Qtr ended February 28
+    Shr six cts vs three cts
+    Net 765,138 vs 311,388
+    Rev 8.3 mln vs 3.7 mln
+    Avg shares 12,272,265 vs 11,377,491
+    Six months
+    Shr 17 cts vs five cts
+    Net 2,073,057 vs 515,229
+    Rev 15.0 mln vs 7.4 mln
+    Avg shares 12,295,934 vs 11,200,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5244" NEWID="15889">
+<DATE> 9-APR-1987 15:28:21.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2291&#31;reute
+r f BC-FIRST-COLONIAL-BANKSH   04-09 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST COLONIAL BANKSHARES CORP &lt;FCOLA> 1ST QTR</TITLE>
+<DATELINE>    CHICAGO, April 9 -
+    </DATELINE><BODY>Shr 41 cts vs 35 cts
+    Net 2,362,000 vs 1,613,000
+    Avg shrs 5,567,300 vs 4,070,700
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5245" NEWID="15890">
+<DATE> 9-APR-1987 15:28:36.43</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>meal-feed</D><D>veg-oil</D><D>wheat</D><D>corn</D><D>soybean</D><D>soy-oil</D><D>soy-meal</D><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2292&#31;reute
+b f BC-seasonal-exports   04-09 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEASONAL EXPORTS REPORTED BY U.S. EXPORTERS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Exports of the following commodities
+between start of current seasons and April 2, with comparisons,
+as reported to USDA by exporters, in thousand tonnes, unless
+noted --
+               4/2/87    Prev Wk   4/3/86
+ Wheat        21,044.6  20,398.3  19,725.8
+ Soybeans     14,334.2  14,063.5  14,698.4
+ Corn         20,296.0  19,194.6  25,182.6-x
+ Sorghum       3,222.5   3,149.7   3,168.9-x
+ Soybean Oil     138.4     135.8     179.9
+ Soybean Meal  4,098.0   3,880.6   3,141.3
+ Cotton        4,333.1   4,204.7   1,510.4
+ X-2,059,300 tonnes of corn and 763,800 tonnes of sorghum added
+to reflect change in marketing year to Sept-Aug.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5246" NEWID="15891">
+<DATE> 9-APR-1987 15:29:05.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2294&#31;reute
+u f BC-EUROPEAN-OFFSHORE-RIG   04-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN OFFSHORE RIG COUNT CONTINUES TO CLIMB</TITLE>
+<DATELINE>    HOUSTON, April 9 - </DATELINE><BODY>Utilization of offshore mobile rigs in
+the European/Mediterranean area continued to show strong gains
+last week, increasing nearly two percentage points to 46.1 pct,
+Offshore Data Services said.
+    The total number of working rigs in Europe and the
+Mediterranean region was 71, reflecting an increase of three
+during the week, compared to a total of 111 working rigs at
+this time last year. In the previous week, the area also gained
+three working rigs.
+    Offshore Data Services said the worldwide utilization rate
+for the week remained steady at 53.9 pct, reflecting a total of
+392 working rigs. Last year, a total of 479 rigs were working
+throughout the world.
+    In the Gulf of Mexico, the utilization rate decreased
+slightly to 35.5 pct, from 35.6 pct the previous week because
+of the addition of one rig to the Gulf fleet. A total of 83
+rigs were working last week in the Gulf out of a fleet of 234.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5247" NEWID="15892">
+<DATE> 9-APR-1987 15:29:52.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2298&#31;reute
+r f BC-HAWAIIAN-ELECTRIC-&lt;HE   04-09 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWAIIAN ELECTRIC &lt;HE> TO BUY HAWAIIAN INSURANCE</TITLE>
+<DATELINE>    LOS ANGELES, April 9 - </DATELINE><BODY>Hawaiian Electric Industries said it
+has entered a letter of intent to buy the Hawaiian Insurance
+Companies.
+    The transaction is subject to a definitive agreement, and
+government and board approvals.
+    The Hawaiian Insurance Companies ad assets at the end of
+1986 of 137.4 mln dlrs and earned premiums of 46.1 mln dlrs.
+    Hawaiian Electric said it plans to operate the comapny,
+which has 226 employees, with current management.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5248" NEWID="15893">
+<DATE> 9-APR-1987 15:30:40.85</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2302&#31;reute
+b f BC-/SOVIET-UNION-TO-IMPO   04-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET UNION TO IMPORT MORE GRAIN IN 86/87-USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+increased its estimate of 1986/87 grain purchases by the Soviet
+Union to 28 mln tonnes, up two mln tonnes from last month.
+    In its monthly report on the Soviet grain situation, the
+USDA said imports will be higher than earlier estimated because
+Soviet grain buyers have been actively purchasing in the last
+month.
+    USDA said the increased purchasing is "somewhat surprising"
+because of recent higher Soviet crop estimates.
+    All of the increase in estimated imports will be in corn,
+USDA said.
+    Of the 28 mln tonnes total, 15 mln tonnes will be wheat, 12
+mln tonnes coarse grains, and the remaining one mln tonnes
+miscellaneous grains and pulses, USDA said.
+    USDA noted that the Soviet winter grain crop suffered
+through a severe winter and spring field work has been delayed.
+    The severe winter "is believed to have resulted in above
+average winter-kill," USDA said.
+    Some grain trade analysts have said abnormal winter losses
+maybe one reason why the Soviet Union has been actively buying
+grain recently.
+    USDA said Moscow already has purchased over 25 mln tonnes
+grain for delivery in 1986/87, including 14 mln tonnes wheat
+and 12 mln tonnes coarse grain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5249" NEWID="15894">
+<DATE> 9-APR-1987 15:31:16.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2305&#31;reute
+b f BC-/DISNEY-FAMILY-MAKES   04-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DISNEY FAMILY MAKES BID FOR HOLLY SUGAR &lt;HLY></TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Roy Disney family disclosed in a
+filing with the Securities and Exchange Commission that it made
+a bid to acquire Holly Sugar Corp for a package of cash and
+securities.
+    Shamrock Holdings of California Inc, a Disney family
+company, said it submitted the bid on April 8 to Salomon
+Brothers Inc, Holly Sugar's investment banker.
+    The offer was for 45 dlrs in cash, securities with a face
+value of 70 dlrs, and a "contingent payment certificate" that
+would pay out as much as 70 dlrs over a 20-year period for each
+share of Holly Sugar outstanding.
+    The Disney family already holds 101,300 Holly Sugar shares
+or 9.0 pct of the total outstanding following purchases of
+12,500 shares March 13-April 17, Shamrock told the SEC.
+    Shamrock said it had asked for certain information about
+Holly Sugar's financial condition but had been turned down. It
+said its offer was therefore subject to further discussions.
+    "Once we have had an opportunity to complete our due
+diligence evaluation of the company, including inspections of
+certain facilities and meetings with key management personnel,
+we would be prepared to negotiate all aspects of our proposal,
+including price," it said in its April 8 letter.
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5250" NEWID="15895">
+<DATE> 9-APR-1987 15:33:44.51</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2326&#31;reute
+f f BC-ussr-export-sale   04-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 200,000 TONNES WHEAT  SOLD TO JORDAN FOR 1987/88 DELIVERY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5251" NEWID="15896">
+<DATE> 9-APR-1987 15:34:29.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2332&#31;reute
+d f BC-UNIVERSAL-HEALTH-REAL   04-09 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL HEALTH REALTY &lt;UHT> 1ST QTR NET</TITLE>
+<DATELINE>    KING OF PRUSSIA, Pa., April 9 -
+    </DATELINE><BODY>Shr 26 cts vs nil
+    Net 2,244,000 vs nil
+    Rev 3.4 mln vs nil
+    NOTE: Company's full name is Universal Health Realty Income
+Trust. Quarter is company's first full quarter of earnings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5252" NEWID="15897">
+<DATE> 9-APR-1987 15:34:32.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2333&#31;reute
+d f BC-FROST-AND-SULLIVAN-IN   04-09 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FROST AND SULLIVAN INC &lt;FRSL> INCREASES PAYOUT</TITLE>
+<DATELINE>    NEW YORK, April 9 -
+    </DATELINE><BODY>Semi-annual div seven cts vs six cts prior
+    Pay June One
+    Record May One
+.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5253" NEWID="15898">
+<DATE> 9-APR-1987 15:34:36.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2334&#31;reute
+h f BC-C.O.M.B.-&lt;CMCO>-MAKES   04-09 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C.O.M.B. &lt;CMCO> MAKES ACQUISITION</TITLE>
+<DATELINE>    MINNEAPOLIS, April 9 - </DATELINE><BODY>C.O.M.B. Co said it acquired for 8.7
+mln dlrs the principal assets of National Tech Industries Inc
+and Telkon Corp.
+    The companies are engaged in servicing, sales and
+telemarketing of consumer electronic merchandise.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5254" NEWID="15899">
+<DATE> 9-APR-1987 15:34:41.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2335&#31;reute
+h f BC-RAI-RESEARCH-CORP-&lt;RA   04-09 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAI RESEARCH CORP &lt;RAC> 3RD QTR FEB 28</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y, April 9 -
+    </DATELINE><BODY>SHr one cts vs 14 cts
+    Net 17,806 vs 328,290
+    Revs 1.3 mln vs 2.2 mln
+    Nine months
+    Shr 27 cts vs 26 cts
+    Net 640,156 vs 622,251
+    Revs 5.6 mln vs 5.6 mln
+    NOTE:1986 net includes loss of 49,040 in nine months from
+discontinued and gain of 15,598 dlrs in 3rd qtr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5255" NEWID="15900">
+<DATE> 9-APR-1987 15:34:47.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2336&#31;reute
+w f BC-CENTEL-&lt;CNT>-COMPLETE   04-09 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTEL &lt;CNT> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>Centel Corp said it completed the
+acquisition of Welbac Cable Television Corp, which serves more
+than 2,500 cable television subscribers in east central
+Michigan.
+    Terms were not disclosed.
+    With the addition of Welbac customers, Centel Cable
+Television Co of Michigan serves more than 83,000 customers.
+Overall, Centel has nearly 495,000 customers in seven states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5256" NEWID="15901">
+<DATE> 9-APR-1987 15:35:04.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2339&#31;reute
+s f BC-JAMES-RIVER-CORP-&lt;JR>   04-09 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMES RIVER CORP &lt;JR> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    RICHMOND, April 9 -
+    </DATELINE><BODY>Qtrly div 10 cts vs 10 cts prior
+    Pay April 30
+    Record April 21
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5257" NEWID="15902">
+<DATE> 9-APR-1987 15:35:09.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2340&#31;reute
+s f BC-THREE-D-DEPARTMENTS-I   04-09 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THREE D DEPARTMENTS INC &lt;TDD> SETS PAYOUT</TITLE>
+<DATELINE>    EAST HARTFORD, Conn., April 9 -
+    </DATELINE><BODY>Class A qtly div 2-1/2 cts vs 2-1/2 cts prior
+    Class B qtly div 1-1/2 cts vs 1-1/2 cts prior
+    Pay May 8
+    Record April 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5258" NEWID="15903">
+<DATE> 9-APR-1987 15:35:24.38</DATE>
+<TOPICS><D>meal-feed</D><D>soy-meal</D></TOPICS>
+<PLACES><D>usa</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2341&#31;reute
+f f BC-ussr-export-sale   04-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 300,000 TONNES  SOYBEAN MEAL TO IRAQ FOR SPLIT DELIVERY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5259" NEWID="15904">
+<DATE> 9-APR-1987 15:36:04.85</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2344&#31;reute
+f f BC-ussr-export-sale   04-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 100,000 TONNES CORN  SOLD TO ALGERIA FOR 1986/87 DELIVERY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5260" NEWID="15905">
+<DATE> 9-APR-1987 15:36:15.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2346&#31;reute
+r f BC-BFIM-SOVAC-OFFERS-BON   04-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BFIM-SOVAC OFFERS BOND REDEMPTION</TITLE>
+<DATELINE>    PARIS, April 9 - </DATELINE><BODY>Banque de Financement Immobilier SOVAC,
+BFIM-SOVAC, launched an offer to repurchase its 14.30 pct 1980
+bond issue at a price of 2,180 francs per bond, a Paris Bourse
+statement said.
+    The repurchase offer, managed by Lazard Freres et Cie,
+opens April 10 and closes April 27. The 140 mln franc issue
+comprised 70,000 bonds of 2,000 franc nominal value each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5261" NEWID="15906">
+<DATE> 9-APR-1987 15:37:06.95</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>oilseed</D><D>soybean</D><D>meal-feed</D><D>soy-meal</D><D>veg-oil</D><D>soy-oil</D><D>cotton</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2349&#31;reute
+r f BC-world-s/d   04-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD SUPPLY/DEMAND ESTIMATES ISSUED BY USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department made
+the following 1986/87 projections in its world Supply/Demand
+report, with comparisons, in mln tonnes, except where noted --
+    Total World Grain
+               1986/87            1985/86
+         04/09/87  03/09/87  04/09/87  03/09/87
+ Produc  1,682.31  1,686.11  1,663.69  1,663.70
+ Total
+ Supply  2,025.71  2,028.45  1,919.18  1,920.13
+ Trade-X   212.15    211.89    204.42    203.92
+ Usage   1,635.01  1,630.40  1,575.78  1,577.79
+ End Stks  390.70    398.05    343.40    342.34
+ X-Based on export estimate.
+    All Wheat    1986/87           1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stks  137.05   136.48   125.54   125.87
+ Production  529.20   528.40   498.97   498.81
+ Imports      97.57    98.27    94.56    94.36
+ Feed Use    101.79   100.82    90.19    90.56
+ Total Domes 517.26   514.89   487.45   488.20
+ Exports     101.08   101.20    95.92    95.76
+ End Stocks  148.99   149.99   137.05   136.48
+  Note - World imports/exports may not balance due to differing
+marketing years, grains in transit and reporting discrepancies.
+    Coarse Grain
+                1986/87           1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks 181.64  181.10    107.80  108.40
+ Production  835.21  838.82    844.60  844.84
+ Imports      95.66   93.77     95.70   95.18
+ Feed Use    514.07  510.20    510.20  510.80
+ Total Domes 796.33  793.64    770.76  772.14
+ Exports      98.97   98.47     96.02   95.76
+ End Stocks  220.52  226.28    181.64  181.10
+  Note - World imports/exports may not balance due to differing
+marketing years, grain in transit and reporting discrepancies.
+    Corn (Mln Tonnes)
+                1986/87           1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks 123.08  123.11     61.09   61.75
+ Production  477.26  480.29    481.86  481.92
+ Imports      61.03   58.59     62.12   62.08
+ Feed Use    295.49  289.47    286.53  287.42
+ Ttl Domes   444.78  439.80    419.88  420.55
+ Exports      62.80   62.10     62.53   62.15
+ End Stocks  155.56  163.61    123.08  123.11
+  Note - World imports/exports may not balance due to differing
+marketing years, grain in transit and reporting discrepancies.
+
+    Soybeans
+                1986/87           1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  23.03   22.84    17.59   17.58
+ Production   99.98   99.43    96.74   96.53
+ Imports      26.21   26.27    27.08   27.08
+ Crushings    79.69   79.33    76.16   76.15
+ Ttl Domes    97.53   96.40    92.36   92.34
+ Exports      26.45   26.43    26.02   26.01
+ End Stocks   25.23   25.71    23.03   22.84
+  Note - Imports and exports do not balance due to differing
+marketing years and time lags between reported exports and
+imports.
+    Soybean Meal
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks  2.55    2.47     2.79    2.74
+ Production   62.71   62.40    60.09   60.09
+ Imports      23.47   23.49    23.48   23.47
+ Consumption  62.69   62.49    61.06   61.10
+ Exports      23.51   23.39    22.76   22.74
+ End Stocks    2.52    2.47     2.55    2.47
+  Note - Imports and exports may not balance due to differing
+marketing years and time lags between reported exports and
+imports.
+    Soybean Oil
+                1986/87          1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks  1.61   1.51       1.37   1.36
+ Production   14.20  14.13      13.65  13.66
+ Imports       3.31   3.29       3.08   3.05
+ Consumption  14.02  14.03      13.33  13.40
+ Exports       3.33   3.35       3.15   3.16
+ End Stocks    1.78   1.54       1.61   1.51
+   Note - Imports and exports do not balance due to differing
+marketing years and time lags between reported exports and
+imports.
+    Cotton (Mln Bales)
+               1986/87          1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks 45.87   48.14    42.70   43.11
+ Production  69.53   69.66    78.94   78.92
+ Imports     23.07   23.07    21.49   21.45
+ Mill Use    80.72   77.08    76.84   74.79
+ Exports     23.37   23.50    20.25   20.28
+ End Stocks  34.16   39.99    45.87   48.14
+  Note - Imports and exports may not balance due to cotton in
+transit and reporting discrepancies in some countries.
+    Rice (Milled Basis)
+                1986/87          1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks 24.71   24.75     22.16   22.16
+ Production  317.90  318.90    320.12  320.05
+ Imports      10.56   10.63     11.68   11.70
+ Dom. Use    321.41  321.87    317.58  317.46
+ Exports      12.11   12.22     12.49   12.39
+ End Stocks   21.19   21.78     24.71   24.75
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5262" NEWID="15907">
+<DATE> 9-APR-1987 15:38:46.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2351&#31;reute
+h f BC-RAI-RESEARCH-&lt;RAC>-SE   04-09 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAI RESEARCH &lt;RAC> SEES LOWER SALE IN NEAR TERM</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y, April 9 - </DATELINE><BODY>RAI Research Corp said it appears
+that the reduced level of sales may continue for the near term.
+    Earlier, RAI reported that third quarter net declined to
+17,806 dlrs on sales of 1.3 mln dlrs from net income of 328,290
+dlrs on sales of 2.2 mln dlrs a year ago.
+   It said sales declined as a result of reduced sales of
+permion battery separators to Japanese customers and it does
+not know the duration or extent of these factors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5263" NEWID="15908">
+<DATE> 9-APR-1987 15:39:40.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2355&#31;reute
+r f BC-ADAMS-EXPRESS-CO-&lt;ADX   04-09 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADAMS EXPRESS CO &lt;ADX> MARCH 31 ASSETS</TITLE>
+<DATELINE>    NEW YORK, April 9 -
+    </DATELINE><BODY>Shr 22.50 dlrs vs 21.74 dlrs
+    Assets 546.9 mln vs 485.2 mln
+    Shrs out 24.3 mln vs 22.3 mln
+    NOTE: lastest assets after capital gain distributions of 28
+cts a share in February 1987 and 2.55 dlrs a share in December
+1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5264" NEWID="15909">
+<DATE> 9-APR-1987 15:41:21.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2362&#31;reute
+r f BC-PETROLEUM-AND-RESOURC   04-09 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETROLEUM AND RESOURCES CORP &lt;PEO> MARCH 31</TITLE>
+<DATELINE>    NEW YORK, April 9 -
+    </DATELINE><BODY>Shr 31.36 dlrs vs 25.23 dlrs
+    Assets 286.5 mln vs 253.0 mln
+    Shrs out 9,138,526 vs 8,839,695
+    NOTE: latest assets after capital gain distributions of 50
+cts a share in February 1987 and 83 cts a share in December
+1986, and with 29,955,000 stated value 1.676 dlr convertible
+preferred stock outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4948" NEWID="15910">
+<DATE> 9-APR-1987 15:45:22.21</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>south-africa</D><D>argentina</D><D>thailand</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2380&#31;reute
+r f BC-corn-s/d   04-09 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORN SUPPLY/DEMAND BY COUNTRY -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+detailed world supply/demand data for major importers and
+exporters of corn, by country, as follows in mln tonnes --
+    USSR CORN
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks  N.A.    N.A.     N.A.    N.A.
+ Production   12.50   12.50    14.40   14.40
+ Imports       8.00    6.00    10.40   10.40
+ Domes Use    20.50   19.50    24.40   24.40
+ Exports        Nil     Nil      Nil     Nil
+ End Stocks    N.A.    N.A.     N.A.    N.A.
+ N.A. - Not Available.
+    SOUTH AFRICA CORN, in mln tonnes -- 
+               1986/87          1985/86
+         04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  1.20   1.20     1.87   1.87
+ Production   8.50   9.50     8.08   8.08
+ Imports       Nil    Nil     0.01   0.01
+ Domes Use    6.10   6.20     6.00   6.00
+ Exports      2.10   3.00     2.75   2.75
+ End Stocks   1.50   1.50     1.20   1.20
+    EC-12 CORN, in mln tonnes --
+                1986/87           1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  5.17    5.28      2.89    2.89
+ Production  25.00   25.03     25.70   25.78
+ Imports     10.69   10.61     12.82   12.82
+ Domes Use   28.20   29.00     29.46   29.60
+ Exports      7.91    7.94      6.78    6.61
+ End Stocks   4.75    3.98      5.17    5.28
+    ARGENTINA CORN, in mln tonnes --
+               1986/87           1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  0.52   0.39       0.39   0.39
+ Production  10.00  11.00      12.10  12.10
+ Imports       Nil    Nil        Nil    Nil
+ Domes Use    4.60   4.60       4.60   4.60
+ Exports      5.70   6.50       7.37   7.50
+ End Stocks   0.22   0.29       0.52   0.39
+    THAILAND CORN, in mln tonnes --
+               1986/87           1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks 0.43   0.33      0.11   0.11
+ Production   4.10   4.10      5.35   5.15
+ Imports       Nil    Nil       Nil    Nil
+ Domestic Use 1.55   1.35      1.35   1.25
+ Exports      2.80   3.00      3.67   3.67
+ End Stocks   0.18   0.08      0.43   0.33
+    JAPAN CORN, in mln tonnes --
+               1986/87           1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  1.24   1.24       1.06   1.06
+ Production    Nil    Nil        Nil    Nil
+ Imports     15.50  15.44      14.55  14.55
+ Domes Use   15.51  15.45      14.37  14.37
+ Exports       Nil    Nil        Nil    Nil
+ End Stocks   1.24   1.24       1.24   1.24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4949" NEWID="15911">
+<DATE> 9-APR-1987 15:45:37.47</DATE>
+<TOPICS><D>grain</D><D>meal-feed</D><D>wheat</D><D>corn</D><D>soy-meal</D></TOPICS>
+<PLACES><D>usa</D><D>jordan</D><D>iraq</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2381&#31;reute
+b f BC-ussr-export-sale   04-09 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA REPORTS EXPORT SALES ACTIVITY</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department said
+private U.S. exporters reported sales of 200,000 tonnes of
+wheat to Jordan, 300,000 tonnes of soybean meal to Iraq and
+100,000 tonnes of corn to Algeria.
+    The wheat for Jordan includes 165,000 tonnes of hard red
+winter and 35,000 tonnes of soft red winter and is for delivery
+during the 1987/88 marketing year.
+    The soybean meal sales to Iraq includes 180,000 tonnes for
+delivery during the 1986/87 season and 120,000 tonnes during
+the 1987/88 season, the department said.
+    The 100,000 tonnes of corn sales to Algeria are for
+delivery during the 1986/87 season, it said.
+    The marketing year for wheat begins June 1, corn September
+1, and soybean meal October 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4950" NEWID="15912">
+<DATE> 9-APR-1987 15:45:45.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2382&#31;reute
+u f BC-INTERNATIONAL-AMERICA   04-09 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL AMERICAN &lt;HOME> TO ACQUIRE COS</TITLE>
+<DATELINE>    UNION, N.J., April 9 - </DATELINE><BODY>International American Homes Inc
+said it entered into a conditional contract to acquire the
+&lt;Maione-Hirschberg Cos Inc> and affiliated entitles for 19 mln
+dlrs.
+    International American, whose stock was halted on Nasdaq
+earlier, said the purchase price is payable 12 mln dlrs in cash
+and the balance in its own common shares.
+    Selling shareholders may earn an additional amount up to a
+maximum of eight mln dlrs payable in cash based on the future
+performance of the companies acquired during the three years
+ending March 31, 1990, International said.
+    The acquisition is subject to certain conditions, such as
+satisfactory results of due diligence investigations, the
+company said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4951" NEWID="15913">
+<DATE> 9-APR-1987 15:50:33.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2400&#31;reute
+u f BC-SONY-CHAIRMAN-FORECAS   04-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONY CHAIRMAN FORECASTS LOWER PROFITS THIS YEAR</TITLE>
+<DATELINE>    COLMAR, France, April 9 - </DATELINE><BODY>Sony Corp &lt;SNE.T> chairman Akio
+Morita said Sony's profits would be sharply down in 1987 as a
+result of the dollar's decline.
+    Sony Corp posted net consolidated income of 41.89 billion
+yen (290 million dollars) in 1986, 42.6 pct down on 1985's
+73.02 billion yen (506 million dollars).
+    But Morita added that Japan would benefit from the strong
+yen by saving on its energy import bill and he expected profits
+to recover from 1988 onwards.
+    He was speaking to reporters at a sony factory opening
+here.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4952" NEWID="15914">
+<DATE> 9-APR-1987 15:51:15.77</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>japan</D><D>argentina</D><D>canada</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2401&#31;reute
+r f BC-coarse-grain-s/d   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COARSE GRAIN SUPPLY/DEMAND BY COUNTRY -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+detailed world supply/demand data for major importers and
+exporters of coarse grains, by country, as follows in mln
+tonnes --
+    USSR COARSE GRAIN
+               1986/87           1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  N.A.    N.A.      N.A.    N.A.
+ Production 103.30  103.30     99.99   99.99
+ Imports     12.00   10.00     13.70   13.70
+ Domes Use  112.30  112.30    111.99  111.99
+ Exports       NIL     NIL       NIL     NIL
+ End Stocks   N.A.    N.A.      N.A.    N.A.
+ N.A. - Not Available.
+    EC-12 COARSE GRAIN, in mln tonnes --
+              1986/87            1985/86
+         04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks 14.91   14.93    10.53   10.53
+ Production  81.22   81.19    88.21   88.28
+ Imports     16.58   17.26    18.29   18.24
+ Dom Use     79.64   81.27    82.38   82.55
+ Exports     19.90   19.96    19.73   19.56
+ End Stocks  13.18   12.15    14.91   14.93
+    EASTERN EUROPE COARSE GRAIN, mln tonnes --
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  4.07    3.72     5.14    5.14
+ Production  73.95   74.50    68.28   68.38
+ Imports      4.90    4.47     5.58    5.26
+ Dom Use     73.04   73.23    72.65   72.77
+ Exports      3.55    3.55     2.28    2.28
+ End Stocks   6.34    5.46     4.07    3.72
+    JAPAN COARSE GRAIN, in mln tonnes --
+              1986/87           1985/86
+         04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks 2.32    2.23     1.91    1.91
+ Production  0.35    0.35     0.39    0.39
+ Imports    21.56   21.50    21.51   21.51
+ Dom Use    21.79   21.73    21.49   21.49
+ Exports      NIL     NIL      NIL     NIL
+ End Stocks  2.44    2.44     2.32    2.32
+    ARGENTINA COARSE GRAIN, in mln tonnes --
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  0.78    0.53     0.83    0.83
+ Production  13.99   15.44    17.06   17.14
+ Imports      0.02     NIL      NIL     NIL
+ Domes Use    7.73    7.75     7.76    7.87
+ Exports      6.60    7.73     9.43    9.58
+ End Stocks   0.46    0.49     0.78    0.53
+    CANADA COARSE GRAIN, in mln tonnes --
+              1986/87            1985/86
+         04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks 6.19    6.19     4.66    4.61
+ Production 27.62   27.62    24.95   24.95
+ Imports     0.30    0.30     0.31    0.31
+ Dom Use    19.80   19.80    18.99   18.96
+ Exports     7.41    7.21     4.74    4.72
+ End Stocks  6.90    7.10     6.19    6.19
+    THAILAND COARSE GRAINS, in mln tonnes --
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  0.49    0.38     0.16   0.16
+ Production   4.40    4.40     5.67   5.47
+ Imports       NIL     NIL      NIL    NIL
+ Domes Use    1.57    1.37     1.40   1.30
+ Exports      3.10    3.30     3.94   3.95
+ End Stocks   0.22    0.11     0.49   0.38
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4953" NEWID="15915">
+<DATE> 9-APR-1987 15:51:46.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2403&#31;reute
+h f BC-AMR-&lt;AMR>-AMERICAN-AI   04-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMR &lt;AMR> AMERICAN AIR OFFERS TO SHIFT FLIGHTS</TITLE>
+<DATELINE>    DALLAS, April 9 - </DATELINE><BODY>AMR Corp's American Airlines said it is
+prepared to shift a total of 1,010 flights and add more than 33
+hours a day in flying time to assist the process of reducing
+flight delays in the nation's air transport system.
+    American said it proposes to make the changes on June 15 at
+its two major conecting hubs, Dallas/Fort Worth and Chicago,
+which have been the focal points for wide-ranging schedule
+experiments by the airline over the past several weeks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4954" NEWID="15916">
+<DATE> 9-APR-1987 15:52:50.75</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2407&#31;reute
+u f BC-EXPORT-BONUS-WHEAT-FO   04-09 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPORT BONUS WHEAT FOR JORDAN --USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) accepted eight bonus offers from two exporters on sales
+of 190,000 tonnes of hard red winter and 35,000 tonnes of soft
+red winter wheat to Jordan, the U.S. Agriculture Department
+said.
+    The department said the bonuses awarded averaged 38.08 dlrs
+per tonne and the wheat is for delivery May-November, 1987.
+    The bonus awards were made to Louis Dreyfus Corp (200,000 
+tonnes), and Continental Grain Co (25,000 tonnes) and will be
+paid in the form of commodities from CCC stocks.
+    The purchases of U.S. wheat completes the Export
+Enhancement Program initiative announced on December 31, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4955" NEWID="15917">
+<DATE> 9-APR-1987 15:52:59.33</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>soybean</D><D>corn</D><D>sorghum</D><D>oilseed</D><D>sunseed</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2408&#31;reute
+r f BC-ARGENTINE-1986/87-GRA   04-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE 1986/87 GRAIN OILSEED REGISTRATIONS</TITLE>
+<DATELINE>    BUENOS AIRES, Apr 9 - </DATELINE><BODY>Argentine grain board preliminary
+figures show 1986/87 crop export registrations of grains and
+oilseeds in the week to April 8, were as follows, in tonnes,
+compared with the previous week and the comparable week a year
+earlier.
+    BREAD WHEAT         nil        nil       nil
+    MAIZE              113,500    21,800    51,300
+    SORGHUM             13,600      nil     26,500
+    SOYBEAN             30,000    36,000    72,000
+    SUNFLOWERSEED        nil        nil     19,100
+    Cumulative figures export registrations for the 1986/87
+crop to April 8, 1987, with comparative figures for the 1985/86
+crop up to April 9, 1986, in brackets, were in thousands of
+tonnes.
+    BREAD WHEAT            2,692,4    (4,161.0)
+    MAIZE                  2,305.1    (5,200.0)
+    SORGHUM                  220.5      (625.7)
+    SOYBEAN                  561.3      (524.5)
+    SUNFLOWERSEED             45.7      (213.2)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4956" NEWID="15918">
+<DATE> 9-APR-1987 15:53:05.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2409&#31;reute
+r f BC-WINN-ENTERPRISES-&lt;WNN   04-09 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINN ENTERPRISES &lt;WNN> UNIT SELLS DAIRY</TITLE>
+<DATELINE>    LOS ANGELES, April 9 - </DATELINE><BODY>Winn Enterprises' Knudsen Foods Inc
+said it entered an agreement to sell its Hawaiian dairy
+operations to Foremost Foods Inc for 13 mln dlrs cash.
+     The company said the purchase price is subject to
+adjustment and the entire transaction is subject to approval by
+the U.S. Bankruptcy Court for the Central District of
+California.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4957" NEWID="15919">
+<DATE> 9-APR-1987 15:53:20.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2411&#31;reute
+r f BC-INTERNATIONAL-AMERICA   04-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL AMERICAN &lt;HOME> SEES HIGHER REVS</TITLE>
+<DATELINE>    UNION, N.J., April 9 - </DATELINE><BODY>International American Homes Inc
+said it expects revenues for the year ending March 31, 1987 to
+be approximately 145 mln dlrs.
+    It said it recorded 30 mln dlrs in revenues for the year
+prior, and 115 mln dlrs pro forma revenues for the prior fiscal
+year which includes the May 1986 acquistion of the Porten
+Sullivan Group.
+    On a pro forma basis, International said revenues for the
+year ended March 31, 1987, would be approximately 200 mln dlrs
+if the proposed acquisiton of Maione-Hirschberg Cos Inc and
+Diversified Shelter Group are consummated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4958" NEWID="15920">
+<DATE> 9-APR-1987 15:54:13.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2413&#31;reute
+r f BC-NATIONAL-BEVERAGE-TO   04-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL BEVERAGE TO ACQUIRE FAYGO</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., April 9 - </DATELINE><BODY>&lt;National Beverage Corp>
+said it agreed to acquire privately held Faygo Beverages Inc
+for an undisclosed amount of cash.
+    The company said Detroit-based Faygo, a soft drink maker,
+has annual revenues of more than 100 mln dlrs.
+    National Beverage, which is also privately held, owns and
+bottles Shasta Beverages, Spree All Natural Beverages and
+private label brands in its 11 bottling facilities in the
+United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4959" NEWID="15921">
+<DATE> 9-APR-1987 15:55:49.23</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2418&#31;reute
+r f BC-soybean-s/d   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOYBEAN SUPPLY/DEMAND BY COUNTRY -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+detailed world supply/demand data for major importers and
+exporters of soybeans, by country, as follows in mln tonnes --
+    BRAZIL SOYBEANS
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks  4.19    4.01     4.71    4.71
+ Production   17.00   17.00    13.90   13.70
+ Imports       0.35    0.35     2.09    0.29
+ Domestic Use 14.54   14.54    13.51   13.49
+ Exports       2.50    2.50     1.20    1.20
+ End Stocks    4.50    4.32     4.19    4.01
+    ARGENTINA SOYBEANS, in mln tonnes --
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks  1.83    1.83     1.80    1.80
+ Production    7.70    7.70     7.30    7.30
+ Imports        NIL     NIL      NIL     NIL
+ Domestic Use  4.97    4.97     4.74    4.74
+ Exports       2.65    2.65     2.54    2.54
+ End Stocks    1.91    1.91     1.83    1.83
+    EC-12 SOYBEANS, in mln tonnes --
+                1986/87           1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks  0.51   0.52       0.66   0.66
+ Production    0.83   0.83       0.33   0.33
+ Imports      12.89  12.85      12.99  12.96
+ Domestic Use 13.72  13.68      13.34  13.30
+ Exports       0.11   0.11       0.13   0.13
+ End Stocks    0.40   0.41       0.51   0.52
+    JAPAN SOYBEANS, in mln tonnes --
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  0.76   0.76      0.79   0.79
+ Production   0.25   0.25      0.23   0.23
+ Imports      4.84   4.84      4.80   4.80
+ Domes Use    5.10   5.10      5.06   5.06
+ Exports       NIL    NIL       NIL    NIL
+ End Stocks   0.75   0.75      0.76   0.76
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4960" NEWID="15922">
+<DATE> 9-APR-1987 15:56:23.44</DATE>
+<TOPICS><D>meal-feed</D><D>soy-meal</D></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2422&#31;reute
+r f BC-soybean-meal-s/d   04-09 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOYBEAN MEAL SUPPLY/DEMAND BY COUNTRY -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+detailed world supply/demand data for major importers and
+exporters of soybean meal, by country, as follows in mln tonnes
+--
+    ARGENTINA SOYBEAN MEAL --
+               1986/87           1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  0.13   0.13      0.19   0.19
+ Production   3.67   3.67      3.49   3.49
+ Imports       NIL    NIL       NIL    NIL
+ Domes Use    0.35   0.35      0.35   0.35
+ Exports      3.30   3.30      3.20   3.20
+ End Stocks   0.15   0.15      0.13   0.13
+    BRAZIL SOYBEAN MEAL, in mln tonnes --
+               1986/87           1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  0.61   0.60      0.72   0.72
+ Production  10.40  10.39      9.69   9.66
+ Imports       NIL    NIL       NIL    NIL
+ Domes Use    2.55   2.55      2.41   2.40
+ Exports      7.85   7.85      7.38   7.38
+ End Stocks   0.61   0.59      0.61   0.60
+    EC-12 SOYBEAN MEAL, in mln tonnes --
+                1986/87            1985/86
+           04/09/87 03/09/86  04/09/87 03/09/87
+ Start Stcks   0.40   0.40       0.44   0.44
+ Production   10.44  10.45      10.18  10.17
+ Imports      13.03  13.03      13.48  13.48
+ Domes Use    18.50  18.49      18.59  18.57
+ Exports       5.07   5.09       5.10   5.11
+ End Stocks    0.30   0.30       0.40   0.40
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4961" NEWID="15923">
+<DATE> 9-APR-1987 15:56:51.82</DATE>
+<TOPICS><D>veg-oil</D><D>soy-oil</D></TOPICS>
+<PLACES><D>usa</D><D>argentina</D><D>brazil</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2426&#31;reute
+r f BC-soybean-oil-s/d   04-09 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOYBEAN OIL SUPPLY/DEMAND BY COUNTRY -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+detailed world supply/demand data for major importers and
+exporters of soybean oil, by country, in mln tonnes --
+    ARGENTINA --
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  0.10   0.10      0.10   0.10
+ Production   0.77   0.77      0.73   0.73
+ Imports       NIL    NIL       NIL    NIL
+ Domes Use    0.10   0.10      0.11   0.11
+ Exports      0.66   0.66      0.63   0.63
+ End Stocks   0.10   0.10      0.10   0.10
+    BRAZIL SOYBEAN OIL, in mln tonnes --
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  0.32   0.28      0.24   0.24
+ Production   2.52   2.51      2.35   2.35
+ Imports      0.15   0.15      0.12   0.12
+ Domes Use    2.00   2.00      1.94   1.98
+ Exports      0.65   0.65      0.45   0.45
+ End Stocks   0.34   0.28      0.32   0.28
+    EC-12 SOYBEAN OIL, in mln tonnes --
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  0.22   0.22      0.23   0.22
+ Production   2.32   2.33      2.26   2.26
+ Imports      0.44   0.44      0.50   0.50
+ Domes Use    1.46   1.45      1.38   1.38
+ Exports      1.29   1.30      1.39   1.39
+ End Stocks   0.23   0.23      0.22   0.22
+    INDIA SOYBEAN OIL --
+               1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  0.12   0.07      0.21   0.21
+ Production   0.17   0.17      0.15   0.15
+ Imports      0.35   0.35      0.25   0.25
+ Domes Use    0.52   0.52      0.49   0.54
+ Exports       NIL    NIL       NIL    NIL
+ End Stocks   0.12   0.07      0.12   0.07
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4962" NEWID="15924">
+<DATE> 9-APR-1987 15:57:15.74</DATE>
+<TOPICS><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2429&#31;reute
+u f BC-ROYAL-DUTCH-(RD)-UNIT   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL DUTCH (RD) UNIT TO RAISE HEAVY FUEL PRICES</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Scallop Petroleum Corp, a subsidiary of
+Royal Dutch/Shell group, said it will raise contract prices for
+heavy fuel 50 cts to one dlr a barrel, effective tomorrow.
+    The increase brings the price for 0.5 pct sulphur fuel to
+21.50 dlrs, up 50 cts, 0.7 pct sulphur to 21 dlrs, up 75 cts,
+0.7 pct sulphur to 21 dlrs, up 75 cts, one pct sulphur to 20.25
+dlrs, up 75 cts, two pct sulphur to 19.75 dlrs, up one dlr, 2.2
+pct sulphur to 19.50 dlrs, up one dlr, 2.8 pct sulphur 19 dlrs,
+up one dlr, the company said.
+    Price for 0.3 pct sulphur was unchanged at 22.25 dlrs, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4963" NEWID="15925">
+<DATE> 9-APR-1987 15:57:32.77</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D><D>china</D><D>pakistan</D><D>ussr</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2431&#31;reute
+r f BC-cotton--s/d   04-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COTTON SUPPLY/DEMAND BY COUNTRY -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+detailed world supply/demand data for major importers and
+exporters of cotton, by country, as follows, in mln 480-lb
+bales --
+    CHINA COTTON --
+               1986/87           1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks 16.00  18.30      19.40  19.80
+ Production  16.30  16.30      19.00  19.00
+ Imports         X      X          X      X
+ Domes Use   21.00  17.50      19.50  17.50
+ Exports      2.30   2.50       2.90   2.90
+ End Stocks   9.05  14.55      16.00  18.30
+ X - Less than 5,000 bales
+    PAKISTAN COTTON, in mln 480 bales --
+               1986/87           1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks 1.07   1.07      1.05   1.05
+ Production   6.10   6.10      5.67   5.67
+ Imports         X      X         X      X
+ Domestic Use 2.50   2.50      2.34   2.34
+ Exports      3.00   3.00      3.15   3.15
+ End Stocks   1.51   1.51      1.07   1.07
+ X - Less than 5,000 bales.
+    USSR COTTON, in mln 480-lbs bales --
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks  2.76   2.76       2.62   2.62
+ Production   11.20  11.20      12.10  12.10
+ Imports       1.00   1.00       0.65   0.65
+ Domestic Use  9.70   9.70       9.60   9.60
+ Exports       2.80   2.80       3.00   3.00
+ End Stocks    2.46   2.46       2.76   2.76
+    JAPAN COTTON, in mln 480-lbs bales --
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stocks  0.52   0.52      0.61   0.61
+ Production     NIL    NIL       NIL    NIL
+ Imports       3.10   3.10      3.05   3.05
+ Domestic Use  3.10   3.10      3.15   3.15
+ Exports        NIL    NIL       NIL    NIL
+ End Stocks    0.52   0.52      0.52   0.52
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4964" NEWID="15926">
+<DATE> 9-APR-1987 15:57:46.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2433&#31;reute
+f f BC-******U.S.-SELLS-1-YE   04-09 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLS 1-YEAR BILLS AT AVERAGE 5.92 PCT, STOP 5.93 PCT, AWARDED AT HIGH YIELD 80 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4965" NEWID="15927">
+<DATE> 9-APR-1987 15:57:57.17</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2434&#31;reute
+u f BC-EXPORT-BONUS-WHEAT-FL   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPORT BONUS WHEAT FLOUR TO IRAQ --USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) accepted a bid for an export bonus to cover a sale of
+12,500 tonnes of U.S. wheat flour to Iraq, the U.S. Agriculture
+Department said.
+    The department said the bonus awarded was 105.82 dlrs per
+tonne and the wheat flour is for shipment July 1-10, 1987.
+    The bonus was awarded to The Pillsbury Company and will be
+paid in the form of commodities from CCC stocks.
+    An additional 150,000 tonnes of wheat flour is still
+available to Iraq under the Export Enhancement Program
+initiative announced January 7, 1987, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4966" NEWID="15928">
+<DATE> 9-APR-1987 15:58:20.54</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2437&#31;reute
+r f BC-rice-s/d   04-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RICE SUPPLY/DEMAND FOR THAILAND -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+detailed rice supply/demand milled-basis data for Thailand, the
+world's major rice exporter, as follows in mln tonnes --       
+        1986/87            1985/86
+          04/09/87 03/09/87  04/09/87 03/09/87
+ Start Stcks  1.32   1.33       1.46   1.46
+ Production  11.88  12.14      13.00  13.00
+ Imports       NIL    NIL        NIL    NIL
+ Domes Use    8.73   8.73       8.80   8.80
+ Exports      3.70   3.70       4.34   4.34
+ End Stocks   0.77   1.04       1.32   1.33
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4967" NEWID="15929">
+<DATE> 9-APR-1987 15:58:58.90</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2441&#31;reute
+b f BC-USDA-FLORIDA-ORANGE-R   04-09 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA FLORIDA ORANGE REPORT CONSIDERED BEARISH</TITLE>
+<DATELINE>    New York, April 9 - </DATELINE><BODY>The U.S. Agriculture Department's
+latest estimates on 1986/87 Florida orange production and
+orange juice yield are bearish for the frozen concentrated
+orange juice futures market because the yield increase was
+greater than expected, FCOJ traders and analysts said.
+    The USDA projected an average yield of 1.50 gallons of FCOJ
+per box versus last month's estimate of 1.47 gallons.
+    The government estimated Florida orange production
+(excluding Temples) at 122.9 mln boxes versus 124 mln last
+month. Temples were unchanged at 3.4 mln boxes.
+    Traders and analysts said the unexpectedly large yield
+increase outweighed the anticipated drop in box count.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4968" NEWID="15930">
+<DATE> 9-APR-1987 15:59:06.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2443&#31;reute
+s f BC-JAMES-RIVER-CORP-&lt;JR>   04-09 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMES RIVER CORP &lt;JR> SETS REGULAR DIVIDEND</TITLE>
+<DATELINE>    RICHMND, Va., April 9 - 
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay April 30
+    Record April 21
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4969" NEWID="15931">
+<DATE> 9-APR-1987 16:01:37.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2454&#31;reute
+r f BC-CANADA-SOUTHERN-PETRO   04-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA SOUTHERN PETROLEUM &lt;CSW> TO SELL STOCK</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Canada Southern Petroleum Ltd said its
+board authorized the sale of additional limited voting stock
+exclusively to the company's shareholders.
+    A registration statement in connection with the proposed
+offering was filed with the U.S. Securities and Exchange
+Commission, it said.
+    Details on the offering have not been determined, it added.
+    Canada Southern said it has approximately nine mln shares
+of limited voting stock outstanding, with 15 mln shares
+authorized.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4970" NEWID="15932">
+<DATE> 9-APR-1987 16:01:44.92</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2455&#31;reute
+d f BC-noranda-   04-09 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA BEGINS SALVAGE OPERATIONS AT MURDOCHVILLE</TITLE>
+<DATELINE>     Toronto, April 9 - </DATELINE><BODY>&lt;Noranda Inc> said it began salvage
+operations at its Murdochville, Quebec, mine, where a fire last
+week killed one miner and caused 10 mln dlrs in damage.
+     Another 56 miners were trapped underground for as long as
+24 hours before they were brought to safety.
+    Noranda said the cause and full extent of the damage is
+still unknown but said it does know that the fire destroyed
+6,000 feet of conveyor belt.
+     Noranda said work crews have begun securing the ramp
+leading into the zone where the fire was located. The company
+said extreme heat from the fire caused severe rock degradation
+along several ramps and drifts in the mine.
+     Noranda estimated that the securing operation for the zone
+will not be completed before the end of April.
+    Noranda said the Quebec Health and Safety Commission, the
+Quebec Provincial Police and Noranda itself are each conducting
+an investigation into the fire.
+    Production at the mine has been suspended until the
+investigations are complete. The copper mine and smelter
+produced 72,000 tons of copper anodes in 1986 and employs 680
+people.
+     The smelter continues to operate with available
+concentrate from stockpiled supplies, Noranda said. Reuter
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4971" NEWID="15933">
+<DATE> 9-APR-1987 16:03:49.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2457&#31;reute
+s f BC-NEWHALL-INVESTMENT-PR   04-09 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWHALL INVESTMENT PROPERTIES &lt;NIP> PAYOUT</TITLE>
+<DATELINE>    VALENCIA, Calif., April 9 -
+    </DATELINE><BODY>Shr 10 cts vs 10 cts prior qtr
+    Pay June one
+    Record April 24
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4972" NEWID="15934">
+<DATE> 9-APR-1987 16:04:05.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2458&#31;reute
+s f BC-NEWHALL-RESOURCES-&lt;NR   04-09 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWHALL RESOURCES &lt;NR> QTLY DISTRIBUTION</TITLE>
+<DATELINE>    VALENCIA, Calif., April 9 -
+    </DATELINE><BODY>Shr 15 cts vs 15 cts prior qtr
+    Pay June one
+    Record April 24
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4973" NEWID="15935">
+<DATE> 9-APR-1987 16:04:16.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2459&#31;reute
+u f BC-TREASURY-BALANCES-AT   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED FELL ON APRIL 8</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve fell on April 8 to 3.531 billion dlrs from 4.229
+billion dlrs on the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts fell to 11.345
+billion dlrs from 12.149 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 14.877
+billion dlrs on April 8 compared with 16.378 billion dlrs on
+April 7.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4974" NEWID="15936">
+<DATE> 9-APR-1987 16:04:37.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2460&#31;reute
+d f BC-DIANA-&lt;DNA>-NOMINATES   04-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIANA &lt;DNA> NOMINATES FREEDOM &lt;FRFE> DIRECTORS</TITLE>
+<DATELINE>    MILWAUKEE, WIS., April 9 - </DATELINE><BODY>Diana Corp said it organized the
+Stockholders Protective Committee of Freedom Federal Savings
+Bank to nominate two candidates for election to the Freedom
+board at the April 20 annual meeting.
+    It said the committee's nominees, Richard Fisher, Diana
+chairman and Harold Sampson, a Diana director, will oppose
+nominees of the present board of directors.
+    Diana, which is 60 pct owned by Farm House Foods Corp
+&lt;FHFC>, owns 105,554 shares of Freedom Federal common stock.
+    Diana noted that Freedom Federal's board recently declared
+a distribution of Preferred Stock Purchase Rights "with the aid
+of which such directors might disapprove, and perhaps prevent,
+possible acquisition offers or substantial stock accumulations,
+regardless of how beneficial they might be to the
+stockholders."
+    The company said "we want to increase the responsiveness of
+the (Freedom Federal) board to stockholder concerns."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4975" NEWID="15937">
+<DATE> 9-APR-1987 16:04:55.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2462&#31;reute
+f f BC-******WESTINGHOUSE-EL   04-09 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WESTINGHOUSE ELECTRIC CORP 1ST QTR SHR 1.05 DLRS VS 88 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4976" NEWID="15938">
+<DATE> 9-APR-1987 16:05:55.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2465&#31;reute
+f f BC-******U.S.-HOUSE-VOTE   04-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. HOUSE VOTES 1988 BUDGET CALLING FOR CUTS AND TAXES TO REDUCE DEFICIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4977" NEWID="15939">
+<DATE> 9-APR-1987 16:06:24.14</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2468&#31;reute
+r f BC-/U.S.-OIL-DEPENDENCY   04-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OIL DEPENDENCY SEEN RISING TO RECORD LEVEL</TITLE>
+<DATELINE>    SAN FRANCISCO, April 9 - </DATELINE><BODY>The United States' dependency on
+foreign oil sources may reach record levels by the mid-1990s,
+according to John H. Lichtblau, president of Petroleum Industry
+Research Associates.
+    Lichtblau, speaking at an alternative energy conference
+here, said the U.S. may depend on foreign suppliers for as much
+as 52 pct of its oil by 1995, surpasssing the previous high
+level of 47 pct in 1977.
+    "The long term growth in dependency on foreign oil is
+inevitable," Lichtblau said. As much as 30 pct of U.S. oil
+imports in 1995 could come from OPEC nations, he said.
+    Lichtblau said the U.S. depended on foreign suppliers for
+33 pct of its oil in 1986 and predicted that would increase to
+40 pct by 1990.
+    "However, the rate of this growth can be affected
+positively or negatively through government action or
+inaction," Lichtblau said.
+    He said that one of the government's negative actions is
+the maintenance of the windfall profits tax which acts as a
+disincentive to developing existing fields and reduces cash
+flow for oil exploration.
+    Lichtblau called for the adoption of an international floor
+price for crude oil to help stabilize world oil prices.
+    "An international floor price adopted by all or most
+industrial countries would clearly be a much more effective
+measure and would be much less distortive for the U.S. than if
+we imposed it alone," Lichtblau said.
+    Development of alternate energy sources such as synthetic
+fuels as well as increased development in Alaska could lessen
+U.S. dependency on foreign oil, Lichtblau said.
+    A potential for alternative supplies could limit the
+willingness of OPEC nations to raise oil prices, he said.
+    Lichtblau also called for the federal government to offer
+tax abatements for oil drilling, to fill the Strategic
+Petroleum Reserve at a faster rate and to develop pilot plans
+for alternative energy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4978" NEWID="15940">
+<DATE> 9-APR-1987 16:09:17.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2475&#31;reute
+u f BC-/U.S.-ONE-YEAR-BILL-Y   04-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ONE-YEAR BILL YIELDS RATE OF 5.92 PCT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Treasury said its auction of
+9.76 billion dlrs of 52-week bills produced an average rate of
+5.92 pct.
+    The rate was up from 5.68 pct at the last auction of
+one-year bills on March 12.
+    At today's sale, the bond-equivalent yield was 6.30 pct. 
+Accepted bids ranged from 5.88 pct to 5.93 pct and 80 pct of
+bids at the high, or stopout, rate were taken.
+    The Treasury received 26.7 billion dlrs of bids, including
+554 mln dlrs in non-competitive bids from the public.
+    The average price of the one-year bills was 94.014 and the
+range was 94.055 to 94.004.
+    The average rate of 5.92 pct was the highest since 5.98 pct
+on July 8, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4979" NEWID="15941">
+<DATE> 9-APR-1987 16:09:54.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2477&#31;reute
+b f BC-U.S.-HOUSE-PASSES-TRI   04-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PASSES TRILLION DLR SPENDING BUDGET</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The House approved by a 230-112 vote
+and sent to the Senate a trillion dlr spending budget that
+calls for domestic and defence cuts and higher taxes to reduce
+the 1988 deficit.
+    The measure proposes cutting the deficit from 171 billion
+dlrs to 133 billion dlrs using the non partisan Congressional
+Budget Office calculations, or to 108 billion dlrs using more
+optimistic assumptions of President Reagan--whose own budget
+was defeated earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4980" NEWID="15942">
+<DATE> 9-APR-1987 16:09:58.64</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;GQ
+&#22;&#22;&#1;f2478&#31;reute
+r f BC-portland-grain-ships   04-09 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN SHIPS LOADING AT PORTLAND</TITLE>
+<DATELINE>    PORTLAND, April 9 - </DATELINE><BODY>There were six grain ships loading and
+eight ships were waiting to load at Portland, according to the
+Portland Merchants Exchange.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4981" NEWID="15943">
+<DATE> 9-APR-1987 16:10:24.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2480&#31;reute
+r f BC-RAYTHEON-&lt;RTN>-GETS-2   04-09 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYTHEON &lt;RTN> GETS 215.3 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Raytheon Co has been awarded a 215.3
+mln dlr contract for production of 1,927 guidance and control
+sections and spare components for Sparrow air-to-air missiles,
+the Navy said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4982" NEWID="15944">
+<DATE> 9-APR-1987 16:11:04.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2482&#31;reute
+u f BC-WESTINGHOUSE-ELECTRIC   04-09 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTINGHOUSE ELECTRIC CORP &lt;WX> 1ST QTR NET</TITLE>
+<DATELINE>    PITTSBURGH, April 9 - 
+    </DATELINE><BODY>Shr primary 1.05 dlrs vs 88 cts
+    Shr dilulted 1.05 dlrs vs 86 cts
+    Net 151.6 mln vs 135.2 mln
+    Revs 2.32 billion vs 2.55 billion
+    Avg shrs 144.6 mln vs 154.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4983" NEWID="15945">
+<DATE> 9-APR-1987 16:11:48.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2484&#31;reute
+r f BC-OSHKOSH-TRUCK-&lt;OTRKB>   04-09 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OSHKOSH TRUCK &lt;OTRKB> GETS CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Oshkosh Truck Corp has been awarded a
+189.3 mln dlr contract for 1,403 HEMTT 977 series trucks, the
+Army said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4984" NEWID="15946">
+<DATE> 9-APR-1987 16:14:17.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2489&#31;reute
+r f BC-AMOCO-&lt;AN>-OPTIMISTIC   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> OPTIMISTIC WITH STABLE OIL PRICES</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>Amoco Corp said it sees a more favorble
+outlook because of actions taken last year and a recent
+strengthening of oil prices.
+    "It appears now that the worst is behind us," said Amoco
+executive vice president Richard Leet in remarks prepared for
+delivery to security analysts in San Francisco. "We face the
+future with more optimism than we did a year ago," he said.
+    In response to last year's steep drop in oil prices, Amoco
+reduced and redirected exploration and production spending
+plans, expanded its cost cutting efforts and accelerated staff
+reductions, he noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4985" NEWID="15947">
+<DATE> 9-APR-1987 16:15:05.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2492&#31;reute
+r f BC-GEN-DYNAMICS-&lt;GD>-GET   04-09 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEN DYNAMICS &lt;GD> GETS 182.5 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>General Dynamics Corp has received a
+182.5 mln dlr contract for production of 1,391 guidance and
+control sections and spare sections for Sparrow air-to-air
+missiles, the Navy said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4986" NEWID="15948">
+<DATE> 9-APR-1987 16:15:10.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2493&#31;reute
+f f BC-******NEW-YORK-BANK-D   04-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEW YORK BANK DISCOUNT WINDOW BORROWINGS 169 MLN DLRS IN APRIL 8 WEEK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4987" NEWID="15949">
+<DATE> 9-APR-1987 16:15:55.90</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2496&#31;reute
+u f BC-CCC-GUARANTEES-TO-IRA   04-09 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC GUARANTEES TO IRAQ SWITCHED --USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has transferred 12.0 mln dlrs in credit guarantees
+previously earmarked for sales of U.S. hatching eggs and 7.0
+mln dlrs in guarantees for breeder livestock to increase
+coverage on sales of U.S. protein concentrates to Iraq, the
+U.S. Agriculture Department said.
+    The action was taken at the request of Iraq's State Trade
+Organization for Grains and Foodstuffs and reduces the line for
+hatching eggs to zero and the line for breeder livestock from
+15.0 mln dlrs to 8.0 mln dlrs, the department said.
+    The guarantee line for sales of protein concentrates has
+been increased from 25.0 mln dlrs to 44.0 mln dlrs, it said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4988" NEWID="15950">
+<DATE> 9-APR-1987 16:16:13.11</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2497&#31;reute
+b f BC-new-york-business-loa   04-09 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK BUSINESS LOANS FALL 1.31 BILLION DLRS</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Commercial and industrial loans on the
+books of the 10 major New York banks, excluding acceptances,
+fell 1.31 billion dlrs to 62.70 billion in the week ended April
+1, the Federal Reserve Bank of New York said.
+    Including acceptances, loans dropped 1.34 billion dlrs to
+63.23 billion.
+    Commercial paper outstanding nationally fell 4.80 billion
+dlrs to 334.28 billion.
+    National business loan data are scheduled to be released on
+Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4989" NEWID="15951">
+<DATE> 9-APR-1987 16:16:27.63</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2498&#31;reute
+b f BC-N.Y.-BANK-DISCOUNT-BO   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. BANK DISCOUNT BORROWINGS 169 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>The eight major New York City banks had
+daily average borrowings of 169 mln dlrs from the Federal
+Reserve in the week ended April 8, a Fed spokesman said.
+    A Fed spokesman said that all of the borrowings were made
+yesterday by fewer than half the banks.
+    It was the second half of the two-week bank statement
+period that ended on Wednesday. Average borrowings by these
+banks were 142 mln dlrs in the first week of the period.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4990" NEWID="15952">
+<DATE> 9-APR-1987 16:16:57.22</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>barley</D><D>oat</D><D>sorghum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2503&#31;reute
+u f BC-average-prices   04-09 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+reported the farmer-owned reserve national five-day average
+price through April 8 as follows (Dlrs/Bu-Sorghum Cwt) -
+         Natl   Loan           Release   Call
+         Avge   Rate-X  Level    Price  Price
+ Wheat   2.62   2.40       IV     4.65     --
+                            V     4.65     --
+                           VI     4.45     --
+ Corn    1.38   1.92       IV     3.15   3.15
+                            V     3.25     --
+ X - 1986 Rates.
+          Natl   Loan          Release   Call
+          Avge   Rate-X  Level   Price  Price
+ Oats     1.58   0.99        V    1.65    -- 
+ Barley   1.55   1.56       IV    2.55   2.55
+                             V    2.65    -- 
+ Sorghum  2.54   3.25-Y     IV    5.36   5.36
+                             V    5.54    -- 
+    Reserves I, II and III have matured. Level IV reflects
+grain entered after Oct 6, 1981 for feedgrain and after July
+23, 1981 for wheat. Level V wheat/barley after 5/14/82,
+corn/sorghum after 7/1/82. Level VI covers wheat entered after
+January 19, 1984.  X-1986 rates. Y-dlrs per CWT (100 lbs).
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4991" NEWID="15953">
+<DATE> 9-APR-1987 16:17:59.74</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>soy-meal</D><D>meal-feed</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2510&#31;reute
+b f BC-nspa-weekly-crush   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WEEKLY SOYBEAN CRUSH 19,416,000 BUSHELS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Reporting members of the National
+Soybean Processors Association (NSPA) crushed 19,416,000
+bushels of soybeans in the week ended April 8 compared with
+20,115,000 bushels in the previous week and 17,160,000 in the
+year-ago week, the association said.
+    It said total crushing capacity for members was 25,873,904
+bushels vs 25,873,904 last week and 25,459,238 bushels last
+year.
+    NSPA also said U.S. soybean meal exports in the week were
+70,351 tonnes vs 135,452 tonnes a week ago and compared with
+76,065 tonnes in the year-ago week.
+    NSPA said the figures include only NSPA member firms.
+    NSPA gave the following breakdown of the soybean crush for
+the week, with comparisons, in 1,000 bu:
+                    4/08/87   4/01/87  YEAR-AGO
+           Illinois   2,576    3,479        X
+      Ind, Ky, Ohio   3,586    3,376    6,053-Y
+         South East   3,871    3,791    3,058
+      South Central   1,631    1,934    1,563
+         South West   2,426    2,334    2,183
+               Iowa   3,450    3,550    2,815
+   Minn, N.D., S.D.   1,875    1,651    1,488
+         Total U.S.  19,416   20,115   17,160
+ X-Ill not reported exclusive of Ind, Ky and Ohio in year-ago
+period. Y-Includes Ill.
+                    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4992" NEWID="15954">
+<DATE> 9-APR-1987 16:18:11.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2512&#31;reute
+r f BC-UNITED-TECHNOLOGIES-&lt;   04-09 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TECHNOLOGIES &lt;UTX> GETS NAVY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>United Technologies Corp has received
+a 130.7 mln dlr contract to exercise an option for seven SH-60F
+CV anti-submarine helicopters and associated maintenance
+trainers, the Navy said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4993" NEWID="15955">
+<DATE> 9-APR-1987 16:18:32.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2513&#31;reute
+d f BC-KIDDER,-PEABODY-DEFEN   04-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIDDER, PEABODY DEFENDS EMPLOYEE DRUG TESTING</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Kidder, Peabody and Co vice president
+Edward Weihenmayer said his company was giving drug tests to
+all employees to make sure its funds and assets were being
+handled properly.
+    "Drugs are easily available in the Wall Street area,"
+Weihenmayer told the Senate Judiciary Committee. "We move
+billions of dollars around in tens of thousands of transactions
+daily and have a legitimate interest in the safety and security
+of those assets."
+    He said customers had a right to expect that their funds
+were being handled by sober and drug-free professionals.
+    Weihenmayer said almost all Wall Street firms were testing
+new employees and many were testing all workers.
+    He said Kidder, Peabody would try to help anyone found to
+be using drugs, but those who failed a second test would almost
+certainly be fired.
+   "Our objective is to strive for a drug-free enviroment," he
+said.
+    Committee chairman Joseph Biden said drug tests posed a
+difficult problem in balancing the rights of workers with the
+need for companies to eliminate drugs from the work-place.
+    "There is no easy answer," the Delaware Democrat said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4994" NEWID="15956">
+<DATE> 9-APR-1987 16:19:17.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2514&#31;reute
+u f BC-FUNDAMENTAL-BROKERS-B   04-09 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUNDAMENTAL BROKERS BUYS PART OF MKI BROKERS</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Fundamental Brokers Institutional
+Associates, a leading inter-dealer broker in U.S. government
+securities, said it has agreed to acquire certain assets of MKI
+Government Brokers Inc for undisclosed terms.
+    Acquisition documents have been signed and are being held
+in escrow pending the receipt of certain consents, it said.
+    In conjunction with the sale of assets, MKI has ceased
+brokering treasury bills, notes and bonds, Fundamental said.
+    Industry sources told Reuters yesterday that Fundamental
+was close to acquiring the government securities brokerage
+division of MKI, a major broker of corporate bonds.
+    Fundamental said it intends to use the facilities formerly
+used by MKI to provide a new block brokering service in the
+most active Treasury issues.
+    By separating the execution of wholesale trades from the
+heavy volume of smaller lots, large-scale transactions will be
+facilitated, the company said.
+    "The new system is expected to substantially enhance the
+liquidity and effiency of markets," Fundamental said.
+    The wholesale brokering service will begin on or around
+April 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4995" NEWID="15957">
+<DATE> 9-APR-1987 16:20:04.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>usa</D></PLACES>
+<PEOPLE><D>sourrouille</D><D>james-baker</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f2517&#31;reute
+u f AM-DEBT-ARGENTINA   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA WARNS IT MAY CUT OFF TALKS WITH BANKS</TITLE>
+<AUTHOR>    By David Hume, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Argentina's Economy Minister Juan
+Sourrouille said the "narrow interest" of creditor banks was
+holding up an accord to stretch out debt repayments and warned
+Argentina may break off negotiations.
+    "It is inadmissible that the private narrow interest of some
+banks threatens to turn into an insurmountable obstacle for a
+policy we have agreed with the international community,"
+Sourrouille said.
+    Speaking to the International Monetary Fund's Interim
+Committee meeting, Sourrouille said Argentina had given ample
+proof that it is negotiating seriously with the banks.
+    "Today, with that same responsibility, we are clearly
+stating that it will be imposible for us to continue
+negotiating on that basis."
+    A monetary source who heard Sourrouille's speech from a
+vantage point close to U.S. Treasury Secretary James Baker,
+said Baker turned to one of his advisors to ask for the names
+of banks that Sourrouille said were stalling on an agreement.
+    "Let's give them a call right away," the source quoted Baker
+as saying.
+    Sourrouille reminded the Interim Committee that the IMF
+last February approved a 1.3-billion-dlr stand-by loan and a
+longer-term credit, known as an extended Fund Facility for
+another 500,000 dlrs.
+    But he said that despite Argentina's "disciplined effort" to
+achieve inflation-free economic growth, it was unable to obtain
+IMF payouts due to the link between that arrangement and
+settlement of a separate agreement with creditor banks.
+    Sourrouille  stated flatly that the banks were flouting a
+long-established practice under which debtor countries which
+reached agreements on economic reforms with the Fund were a
+good credit risk for the banks.
+    "In other words, facts are demonstrating that the current
+debt strategy is showing that an IMF agreement is only a weak
+signal for the beginning of another discussion (with the
+banks)," he stated.
+    He added the fact that the strategy is not working was also
+demonstrated when governments that approved Argentina's program
+had to join in a bridge loan for his country.
+    Sourrouille stated that Argentina has met IMF requirements
+regarding its balance of payments and its monetary and fiscal
+policies.
+    Despite this Sourrouille said, "What we are facing is the
+inexplicable demands (from the banks) that are blocking
+negotations."
+    Argentina, with a foreign debt of 50 billion dlrs, has been
+seeking to reschdule 24 billion dlrs in "old debt" and another
+4.2 billion dlrs that had been refinanced in 1985.
+    The minister also said there were two issues separating
+Argentina from an accord with creditor banks, one was a minimum
+difference on the interest rate margin above international
+levels.
+    The other condition, of more concern, were suggestions by
+the banks that would upset the country's financial system.
+    Monetary sources said creditor banks have been offering
+Argentina the London Interbank rate (Libor) plus 7/8 pct, which
+they gave Venezuela in a recent refinancing agreement.
+    The sources said Argentina is committed to winning the
+lower spread Mexico gained last year of 13/16 pct above Libor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4996" NEWID="15958">
+<DATE> 9-APR-1987 16:20:13.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2518&#31;reute
+d f BC-GE-&lt;GE>-GETS-30.0-MLN   04-09 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> GETS 30.0 MLN DLR F-111 RADAR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>General Electric Corp has received a
+30.0 mln dlr contract for lot three of attack radar sets for
+the F/FB-111 avionics modernization program, the Air Force said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4997" NEWID="15959">
+<DATE> 9-APR-1987 16:20:40.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2520&#31;reute
+r f BC-NEWHALL-INVESTMENT-&lt;N   04-09 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWHALL INVESTMENT &lt;NIP> SETS SPECIAL PAYOUT</TITLE>
+<DATELINE>    VALENCIA, Calif., April 9 - </DATELINE><BODY>Newhall Investment Properties
+said it declared a special distribution of 50 cts per share,
+payable June one, to unitholders of record April 24.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4998" NEWID="15960">
+<DATE> 9-APR-1987 16:21:22.78</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2522&#31;reute
+u f BC-fcoj-movements   04-09 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FCOJ MOVEMENT 4,496,533 GALLONS LAST WEEK</TITLE>
+<DATELINE>    WINTER HAVEN, FLA., April 9 - </DATELINE><BODY>Florida Citrus Processors
+Association said frozen concentrated orange juice movement into
+trade channels in the week ended April 4 totalled 4,496,533
+gallons versus 5,058,976 gallons in the week ended March 28 and
+4,141,578 gallons in the corresponding year-ago period.
+    There were 499,967 gallons of foreign imports last week
+versus 341,280 gallons the week before. Domestic imports last
+week were 24,774. Retail movement was 1,741,139 versus
+1,464,490 a year ago. Bulk movement was 2,328,368 against
+2,139,383 a year earlier.
+    Current season cumulative movement was 79,516,753 gallons
+versus 76,919,119 last year. Cumulative net pack for the season
+was 86,254,846 versus 82,355,864 a year ago. Inventory was
+75,212,711 versus 75,985,696 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4999" NEWID="15961">
+<DATE> 9-APR-1987 16:21:51.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2525&#31;reute
+r f BC-NATIONAL-HERITAGE-&lt;NH   04-09 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL HERITAGE &lt;NHER> BUYS MANAGEMENT FIRM</TITLE>
+<DATELINE>    DALLAS, April 9 - </DATELINE><BODY>National Heritage Inc said it acquired
+the assets of Chartham Management Corp of Salem, Ore.
+    Terms were not disclosed.
+    The assets acquired will be used to form a new divisional
+office serving the northwest, the nursing home operator said.
+    The newly acquired Salem operation has management
+responsibility for about 2,500 beds in 28 nursing homes in
+seven states.
+    Southmark Corp &lt;SM>, which owns 80 pct of National
+Heritage, recently agreed to acquire the 28 facilities.
+National is the manager of nursing home properties owned by
+Southmark.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5000" NEWID="15962">
+<DATE> 9-APR-1987 16:22:21.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2528&#31;reute
+r f BC-MEDIVIX-&lt;MEDX>-UNIT-I   04-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDIVIX &lt;MEDX> UNIT IN PACT FOR MAIL ORDERS</TITLE>
+<DATELINE>    GARDEN CITY, N.Y., April 9 - </DATELINE><BODY>Medivix Inc said its American
+Subscription Plan Inc subsidiary signed a contract with 
+&lt;Midwest Benefits Corp> to provide mail order prescription
+services for employees of 300 companies.
+    Midwest acts as a third party administrator for the
+companies, Medivix said.
+    The company said it anticipates the new pact will generate
+substantial revenues during the next 12 months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5001" NEWID="15963">
+<DATE> 9-APR-1987 16:22:41.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2529&#31;reute
+r f BC-OHIO-MATTRESS-&lt;OMT>-B   04-09 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OHIO MATTRESS &lt;OMT> BUYS SEALY OF MICHIGAN</TITLE>
+<DATELINE>    CLEVELAND, April 9 - </DATELINE><BODY>Ohio Mattress Co said that its
+Ohio-Sealy Mattress Manufacturing Co unit completed its
+previously announced acquisition of Sealy Mattress Co of
+Michigan Inc.
+    In addition, the company said Sealy Inc, of which its owns
+82 pct, redeemed the outstanding Sealy stock held by Michigan
+Sealy, thus increasing the company's stake in Sealy to 93 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5002" NEWID="15964">
+<DATE> 9-APR-1987 16:23:06.48</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2531&#31;reute
+r f BC-LA-LAND-&lt;LLX>,DU-PONT   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LA LAND &lt;LLX>,DU PONT &lt;DD>GET EXPLORATION TRACTS</TITLE>
+<DATELINE>    NEW ORLEANS, April 9 - </DATELINE><BODY>Louisiana Land and Exploration Co
+said it, Du Pont Co's Conoco Inc subsidiary and &lt;Oranje-Nassau
+Energie B.V.> have been offered four exploration blocks
+offshore The Netherlands.
+    Louisiana Land said Blocks Q4a, E12c and E15b were offered
+to the group in which Conoco has a 67.5 pct interest, Louisiana
+Land 20 pct and Orange-Nassau 12.5 pct, while this group along
+with a consortium headed by Pennzoil Co &lt;PZL> were offered
+Block Q5c. The offers were the result of applications submitted
+to the Ministry of Economic Affairs for the Netherlands Sixth
+Offshore Licensing Round.
+    Louisiana Land said the Conoco group intends to provide a
+formal acceptance of the blocks with plans to start exploration
+this year.
+    The company also said the two Q blocks immediately offset
+other offshore blocks on which hydrocarbons have been found in
+commercial quantities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5003" NEWID="15965">
+<DATE> 9-APR-1987 16:23:15.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2532&#31;reute
+r f BC-AFG-INDUSTRIES-&lt;AFG>   04-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFG INDUSTRIES &lt;AFG> DEBT LOWERED BY S/P</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Standard and Poor's Corp said it
+lowered the ratings on AFG Industries Inc's subordinated
+debentures to B-plus from BB-plus.
+    The issue is removed from creditwatch where it was placed
+on March 18. About 185 mln dlrs of debt is affected.
+    S/P noted that while AFG's and Wagner and Brown's 2.2
+billion dlr offer to acquire Gencorp Inc has been withdrawn,
+AFG's participation in the offer, as well as its previous 1.4
+mln dlr offer for Lear Siegler Inc, shows a greater appetite
+for substantial acquisitions than was previously anticipated.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5004" NEWID="15966">
+<DATE> 9-APR-1987 16:23:33.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2534&#31;reute
+r f BC-MOODY'S-UPGRADES-SOUT   04-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S UPGRADES SOUTHWEST AIRLINES &lt;LUV> UNIT</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Moody's Investors Service said it has
+raised its ratings on about 50 mln dlrs of outstanding
+securities of Southwest Airlines Co unit, TransStar Airlines
+Corp, formerly named Musa Air Corp.
+    The agency has up the company's senior secured debt to Ba2
+from B2.
+    The action reflects the improvement in the company's
+financial position since its acquisition by Southwest.
+    Southwest operates TransStar as a separate unit and has not
+legally assumed its debt.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5005" NEWID="15967">
+<DATE> 9-APR-1987 16:23:53.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2535&#31;reute
+r f BC-PATIENT-&lt;PTI>-CONSIDE   04-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PATIENT &lt;PTI> CONSIDERING DEBT RESTRUCTURING</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., April 9 - </DATELINE><BODY>Patient Technology Inc said it
+retained an investment banking firm to consider alternatives in
+restructuring its long-term debt, including a possible exchange
+offer for 20 mln dlrs of outstanding convertible debentures.
+    On April one, it began consolidating sales, marketing and
+manufacturing operations. The consolidation is expected to be
+complete by June one and the company said it is now focusing on
+restructuring its balance sheet. 
+     The company said the first quarter will be adversely
+affected by the consolidation effort.
+    For the year ago first quarter, the company reported a
+profit of 100,000 dlrs on 7.3 mln dlrs.
+    The company further said that the second quarter will be 
+transitional period and that earnings growth will resume in the
+second half of 1987.
+    For the year ended December 31, 1986, Patient reported a
+net loss of 1.4 mln dlrs on sales of 29.8 mln dlrs, due to
+write-offs from discontinued operations and a temporary backlog
+of orders.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5006" NEWID="15968">
+<DATE> 9-APR-1987 16:24:21.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2538&#31;reute
+r f BC-NAPCO-&lt;NPCO>-MANAGEME   04-09 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAPCO &lt;NPCO> MANAGEMENT CANNOT RAISE FUNDING</TITLE>
+<DATELINE>    HOPKINS, MINN., April 9 - </DATELINE><BODY>Napco International Inc said it
+has suspended its plan to sell its international business to a
+group of that business' top managers because the group has
+failed to obtain satisfactory financing.
+    The company also said it still intends to pursue a new
+corporate direction, and is exploring acquisition alternatives.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5007" NEWID="15969">
+<DATE> 9-APR-1987 16:24:27.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2539&#31;reute
+r f BC-BANKS-OF-MID-AMERICA   04-09 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS OF MID-AMERICA INC &lt;BOMA> 1ST QTR NET</TITLE>
+<DATELINE>    OKLAHOMA CITY, April 9 - 
+    </DATELINE><BODY>Shr loss 18 cts vs loss 89 cts
+    Net profit 161,000 vs loss 5,938,000
+    Assets 3.43 billion vs 3.46 billion
+    Deposits 2.68 billion vs 2.67 billion
+    Loans 1.45 billion vs 1.64 billion
+    Note: Shr data after payment of preferred dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5008" NEWID="15970">
+<DATE> 9-APR-1987 16:25:14.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2543&#31;reute
+r f BC-MCDONNELL-DOUGLAS-&lt;MD   04-09 0079
+
+</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL DOUGLAS &lt;MD> BUYS COMPUTER FIRM</TITLE>
+<DATELINE>    ST. LOUIS, April 9 - </DATELINE><BODY>McDonnell Douglas Corp said it
+acquired Frampton Computer Services Ltd, a British software
+company that is also known as Isis.
+    Terms of the acquisition were not disclosed.
+    Based in Bristol, England, Isis employs 65 workers and has
+annual revenues of about five mln dlrs, McDonnell Douglas said.
+    The company added that Isis will operate as part of
+McDonnell Douglas Information Systems International.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5009" NEWID="15971">
+<DATE> 9-APR-1987 16:27:52.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2558&#31;reute
+r f BC-NATIONAL-SEMI-&lt;NSM>,   04-09 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL SEMI &lt;NSM>, CANON IN DEVELOPMENT PACT</TITLE>
+<DATELINE>    SANTA CLARA, Calif., April 9 - </DATELINE><BODY>National Semiconductor Corp
+said it and Canon Inc &lt;CANNY> plan to jointly develop
+integrated circuits and software products which will be
+manufactured by Canon.
+    The first product will be a laser-beam printer for
+National's Series 32000 family of 32-bit microprocessor
+products, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5010" NEWID="15972">
+<DATE> 9-APR-1987 16:28:13.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2561&#31;reute
+r f BC-LIBERTY-FINANCIAL-GRO   04-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBERTY FINANCIAL GROUP &lt;LFG> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    HORSHAM, Pa., April 9 - </DATELINE><BODY>Liberty Financial Group Charles D.
+Cheleden, chairman and chief executive officer, said Harold
+Kline has resigned his position as president of the group and
+its subsidiary, Liberty Savings Bank, effective May One.
+    Cheleden said he will assume the offices previously held by
+Kline, who will continue to serve on the board of the Liberty
+Financal Group and Liberty Savings Bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5011" NEWID="15973">
+<DATE> 9-APR-1987 16:28:44.38</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2562&#31;reute
+u f BC-WORLD-MARKET-PRICE-FO   04-09 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD MARKET PRICE FOR UPLAND COTTON - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The U.S. Agriculture Department
+announced the prevailing world market price, adjusted to U.S.
+quality and location, for Strict Low Middling, 1-1/16 inch
+upland cotton at 50.57 cts per lb, to be in effect through
+midnight April 16.
+    The adjusted world price is at average U.S. producing
+locations (near Lubbock, Texas) and will be further adjusted
+for other qualities and locations. The price will be used in
+determining First Handler Cotton Certificate payment rates.
+    The department said since the adjusted world price is above
+the loan repayment rate of 44 cts per lb for the base quality,
+no First Handler Cotton Certificates will be issued during the
+period.
+    Based on data for the week ended April 9, the adjusted
+world price for upland cotton is determined as follows, in cts
+per lb --
+        Northern European Price -- 62.88
+                 Adjustments --
+ Average U.S. Spot Mkt Location --  9.98
+         SLM 1-1/16 Inch Cotton --  1.80
+          Average U.S. Location --  0.53
+             Sum of Adjustments -- 12.32
+           Adjusted World Price -- 50.63
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5012" NEWID="15974">
+<DATE> 9-APR-1987 16:29:17.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2564&#31;reute
+r f BC-ROCKY-MOUNT-&lt;RMUC>-HO   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKY MOUNT &lt;RMUC> HOLDERS SEEK BOARD CONTROL</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>A shareholder group controlling 48.3
+pct of the stock of Rocky Mount Undergarment Co Inc told the
+Securities and Exchange Commission it will try to take control
+of the company by taking over its board of directors.
+    The group, which includes David Greenberg, Rocky Mount's
+former president, and several other members of the Greenberg
+family, said it had been close to an agreement with the company
+on board representation when talks broke down.
+    As a result, it will propose its own slate of directors and
+vote for that slate at the company's April 24 annual  meeting,
+the group said.
+    David Greenberg had been president and chairman of Rocky
+Mount until May 1986 when he resigned at the board's request.
+    David's younger brother, Herbert Greenberg, was a vice
+president until November 1986, when he was fired by the board.
+    However, Herbert refused to resign his board seat and
+remains a company director.
+    Rocky Mount sued the group in federal court in North
+Carolina earlier this month, charging that its accumulation of
+Rocky Mount stock amounted to an illegal tender offer in
+violation of the federal securities laws.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5013" NEWID="15975">
+<DATE> 9-APR-1987 16:29:35.42</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>meal-feed</D><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2565&#31;reute
+u f BC-USDA-COMMENTS-ON-EXPO   04-09 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA COMMENTS ON EXPORT SALES REPORT </TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>U.S. corn sales of just over 1.0 mln
+tonnes in the week ended April 2 were eight pct above the prior
+week, but 25 pct below the four-week average, the U.S.
+Agriculture Department said.
+    In comments on its latest Export Sales Report, the
+department said Iraq, Japan and the USSR were the largest
+buyers.
+    Sales for the next marketing year, which begins September
+1, totaled 503,200 tonnes and were mainly to Iraq and Taiwan.
+    Wheat sales of 119,300 tonnes for the current season and
+net reductions of 13,700 tonnes for the 1987/88 season were
+four-fifths below the combined total for the prior week and the
+four-week average, it said.
+    Sri Lanka was the most active wheat destination with
+purchases of 52,500 tonnes for the current year, it said.
+    Other significant purchasers for the current year were
+Mexico and Honduras, it said.
+    Soybean sales of 240,500 tonnes were one-fifth below the
+prior week and nearly one-third below the four-week average.
+    Japan, Mexico, South Korea, Italy and Israel were the major
+purchasers, the department said.
+    Net sales of 117,700 tonnes of soybean cake and meal fell
+31 pct from the previous week and 38 pct below the four-week
+average. Major increases for West Germany, Venezuela, the
+Netherlands and Saudi Arabia were partially offset by
+reductions for unknown destinations, USDA said.
+    Activity in soybean oil resulted in decreases of 2,400
+tonnes, with sales to unknown destinations down by 2,700
+tonnes, while sales to Canada increased 200 tonnes, the
+Department said.
+    Combined sales of 71,300 running bales of cotton -- 60,200
+bales for the current season and 11,100 bales for 1987/88
+season -- were four-fifths higher than the prior week's level
+but nine pct below the four-week average.
+    Mexico was the dominant buyer for the current year followed
+by Zaire, Italy, and Spain, the department said.
+The primary buyers for the 1987/88 season were South Korea,
+Spain, Japan and Taiwan, the department said.
+    Sorghum sales of 143,300 tonnes were 25 pct less than the
+prior week, with Japan and Venezuela the main buyers. 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5014" NEWID="15976">
+<DATE> 9-APR-1987 16:30:23.95</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2567&#31;reute
+f f BC-******U.S.-M-1-MONEY   04-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. M-1 MONEY SUPPLY FALLS TWO BILLION DLRS IN MARCH 30 WEEK, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5015" NEWID="15977">
+<DATE> 9-APR-1987 16:30:31.35</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2568&#31;reute
+f f BC-******FED-SAYS-U.S.-D   04-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS U.S. DISCOUNT WINDOW BORROWINGS 361 MLN DLRS IN APRIL 8 WEEK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5016" NEWID="15978">
+<DATE> 9-APR-1987 16:30:37.23</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2569&#31;reute
+f f BC-******U.S.-BANK-NET-F   04-09 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BANK NET FREE RESERVES 447 MLN DLRS IN TWO WEEKS TO APRIL 8
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5017" NEWID="15979">
+<DATE> 9-APR-1987 16:31:06.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2572&#31;reute
+r f BC-WESTINGHOUSE-ELECTRIC   04-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTINGHOUSE ELECTRIC &lt;WX> OPTIMISTIC FOR YEAR</TITLE>
+<DATELINE>    PITTSBURGH, April 9 - </DATELINE><BODY>Westinghouse Electric Corp chairman
+Douglas Danforth said he was encouraged by first quarter
+results for fiscal 1987, and said the company was positioned to
+capitalize on the economy's modest growth for the rest of the
+year.
+    "I am encouraged by the continuing improvement in
+earnings," Danworth said. "The first quarter met our
+expectations."
+    Westinghouse recorded net income for the first quarter of
+151.6 mln dlrs, or 1.05 dlrs per share, on revenues of 2.32
+billion dlrs.
+    Danworth attributed the results to an increase in the
+operating profit in the energy and advanced technology,
+industries and commerical segments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5018" NEWID="15980">
+<DATE> 9-APR-1987 16:31:36.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2575&#31;reute
+d f BC-BSD-BANCORP-&lt;BSD>-1ST   04-09 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BSD BANCORP &lt;BSD> 1ST QTR NET</TITLE>
+<DATELINE>    SAN DIEGO, Calif., April 9 -
+    </DATELINE><BODY>Shr seven cts vs five cts
+    Net 240,000 vs 136,000
+    Loans 264.5 mln vs 251.7 mln
+    Deposits 319.7 mln vs 306.8 mln
+    Assets 348.6 mln vs 334.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5019" NEWID="15981">
+<DATE> 9-APR-1987 16:32:35.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2576&#31;reute
+d f BC-GATEWAY-COMMUNICATION   04-09 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATEWAY COMMUNICATIONS INC &lt;GWAY> 1ST QTR NET</TITLE>
+<DATELINE>    IRVINE, Calif., April 9 -
+    </DATELINE><BODY>Shr 14 cts vs six cts
+    Net 653,561 vs 251,955
+    Revs 4,143,056 vs 2,199,238
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5020" NEWID="15982">
+<DATE> 9-APR-1987 16:34:01.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2579&#31;reute
+r f BC-AMR-(AMR)-REITERATES   04-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMR (AMR) TO START INFORMATION CAMPAIGN IN DISPUTE</TITLE>
+<DATELINE>    DALLAS, April 9 - </DATELINE><BODY>AMR Corp's American Airlines will start
+its own information campaign in its dispute with the
+Association of Professional Flight Attendants.
+    The company, which has been negotiating with its 10,000
+attendants since late last year, will give out information
+brochures at its terminals, outlining its position, according
+to L.C. Duncan Jr., vice president of corporate communications.
+    During a news conference, Duncan said the APFA was
+conducting a "smear campaign" by handing out leaflets at the
+company's terminals. The union says it was trying to win public
+support by presenting its position.
+     Last month, American fired 20 flight attendants for
+handing out the leaflets at Dallas-Fort Worth Airport. The
+union is fighting the move in court.
+     In response to a question, Duncan said the company's
+latest proposal for a new three-year contract, which was
+offered March 11, does away with a two-tiered system of pay,
+whereby new employees are paid on a lower scale than those
+hired before 1983.
+     However, the union has contended that the company's
+proposal keeps the system in a disguised form.
+     A union spoksewoman had no immediate response to
+American's announcement.
+     Currently, the airline and the union are in the middle of
+a federally-mandated 30-day cooling off period that was
+triggered after both sides rejected a federal mediator's offer
+of binding arbitration.
+     When the period ends on April 25, the union is free to
+strike and the company is free to unilaterally impose its
+latest offer under the Federal Railway Labor Act.
+     Even though the union has repeatedly said it will not
+strike, Duncan confirmed today that the company has received
+permission from the Federal Aviation Administration to speed up
+the hiring of new attendants.
+     In response to a question, Duncan denied the company was
+thinking of firing attendants who do not comply after the 25th.
+     "It (the speeded-up hiring) is a precautionary measure,"
+he said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5021" NEWID="15983">
+<DATE> 9-APR-1987 16:35:23.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2582&#31;reute
+r f BC-BRITISH-AIRWAYS-&lt;BAB>   04-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AIRWAYS &lt;BAB> SUSPENDS PROMOTION</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>British Airways said it suspended sale
+in the U.S. of its "Europe on Us" for travel from the U.S. due
+to disapproval by the U.S. Department of Transporation on
+grounds of reciprocity.
+    Under the promotional program, customers would buy a round
+trip from the U.S. to London and would receive a free round
+trip ticket from London to one of 45 cities in 16 countries.
+    A company spokesman said the Transportation Department's
+contention was that American carriers could not compete in this
+program. British Airways said it is seeking a review of the
+decision.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5022" NEWID="15984">
+<DATE> 9-APR-1987 16:36:21.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2589&#31;reute
+d f BC-BAKER-COMMUNICATIONS   04-09 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER COMMUNICATIONS INC &lt;BAKR> YEAR LOSS</TITLE>
+<DATELINE>    PALOS VERDES, Calif., April 9 -
+    </DATELINE><BODY>Shr loss 42 cts vs loss 56 cts
+    Net loss 596,354 vs loss 795,009
+    Revs 3,818,258 vs 2,070,772
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5023" NEWID="15985">
+<DATE> 9-APR-1987 16:36:38.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2591&#31;reute
+h f BC-EASTOVER-CORP-&lt;EASTS>   04-09 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTOVER CORP &lt;EASTS> 4TH QTR NET</TITLE>
+<DATELINE>    JACKSON, Miss., April 9 - 
+    </DATELINE><BODY>Shr 39 cts vs 28 cts
+    Net 491,000 vs 356,000
+    Revs 890,000 vs 720,000
+    Year
+    Shr 1.54 dlrs vs 2.49 dlrs
+    Net 1,952,00 vs 3,165,000
+    Rev 3,463,000 vs 3,005,000
+    Note: Net includes state tax credit of 400,000 for 1986 qtr
+and year. Net also includes gains from sale of real estate of
+3,000 vs 83,000 for qtr and 563,000 vs 1,317,000 for year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5024" NEWID="15986">
+<DATE> 9-APR-1987 16:38:02.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2596&#31;reute
+u f BC-MARCH-U.S.-SAVINGS-BO   04-09 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARCH U.S. SAVINGS BONDS SALES RISE STRONGLY</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Treasury said sales of EE U.S.
+savings bonds were 17 pct higher during March at 703 mln dlrs
+than in March, 1986.
+    It was the highest savings bond sales total for any March
+since 1978.
+    Total holdings of U.S. savings bonds reached 94.76 billion
+dlrs, the highest in the history of the program, the Treasury
+said.
+    March redemptions fell six pct to 441 mln dlrs last month
+from 468 mln dlrs in March, 1986.
+    For the first six months of fiscal 1987, savings bonds
+sales have risen 129 pct from the comparable fiscal 1986 period
+to 7.01 billion dlrs from 3.07 billion dlrs, the Treasury said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5025" NEWID="15987">
+<DATE> 9-APR-1987 16:40:35.27</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2598&#31;reute
+b f BC-u.s.-bank-borrowings   04-09 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANK DISCOUNT BORROWINGS 361 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>U.S. bank discount window borrowings
+less extended credits averaged 361 mln dlrs a day in the week
+to Wednesday, April 8, the Federal Reserve said.
+    Total daily borrowings in the week fell 99 mln dlrs to 591
+mln dlrs, with extended credits down 35 mln dlrs at 230 mln
+dlrs. The week was the second half of the two-week statement
+period that ended Wednesday. Net borrowings averaged 425 mln
+dlrs in the first week of the period.
+    Commenting on the two-week statement period that ended on
+April 8, the Fed said banks had average net free reserves of
+447 mln dlrs.
+    A Fed spokesman told a press conference that there were no
+large one-day net misses in the Fed's estimates of reserves in
+the week ended Wednesday.
+    Of the week's borrowings, money center banks accounted for
+65 pct, and small banks for almost 35 pct. On Wednesday, when
+net borrowings were 1.36 billion dlrs and Fed funds averaged a
+high 6.45 pct, money center banks accounted for more than 90
+pct of the borrowing.
+    Borrowings in the latest two weeks averaged 393 mln dlrs a
+day, the highest since the statement period ended January 28.
+    Float ranged from about 250 mln dlrs on Thursday to between
+one and 1.25 billion dlrs on Monday and Tuesday.
+    The spokesman said Monday's float included 500 mln dlrs in
+holdover float at one Fed branch due to mechanical problems.
+    About 500 mln dlrs of Tuesday's float reflected
+non-weather-related transportation float in one Eastern Reserve
+bank.
+    As-of adjustments ranged from minus 500 mln dlrs on Monday,
+when cash letter errors at two eastern reserve banks were
+corrected, to plus 500 mln dlrs on Thursday, when a correction
+was made to unposted funds at a single bank.
+    In the first half of the statement period ended Wednesday,
+banks held excess reserves on the first four days of the week
+but ran a deficit on Wednesday.
+    In the second week, they ran a deficit on Thursday, Friday
+and Monday but held excess reserves on the final two days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5026" NEWID="15988">
+<DATE> 9-APR-1987 16:40:51.27</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2600&#31;reute
+r f BC-noranda-   04-09 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA BEGINS MURDOCHVILLE MINE SALVAGE</TITLE>
+<DATELINE>     TORONTO, April 9 - </DATELINE><BODY>Noranda Inc said it began salvage
+operations at its Murdochville, Quebec mine where a fire last
+week killed one miner and caused 10 mln dlrs in damage.
+     Noranda said the cause and full extent of the damage is
+still unknown but the fire destroyed 6,000 feet of conveyor
+belt.
+    The company said extreme heat from the fire caused severe
+rock degradation along several ramps and drifts in the mine.
+    Production at the mine has been suspended until
+investigations are complete. The copper mine and smelter
+produced 72,000 tons of copper anodes in 1986.
+     The smelter continues to operate with available
+concentrate from stockpiled supplies, Noranda said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5027" NEWID="15989">
+<DATE> 9-APR-1987 16:41:08.86</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2602&#31;reute
+b f BC-u.s.-money-supply-m-1   04-09 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. M-1 MONEY SUPPLY FALLS TWO BILLION DLRS</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>U.S. M-1 money supply fell two billion
+dlrs to a seasonally adjusted 738.9 billion dlrs in the March
+30 week, the Federal Reserve said.
+    The previous week's M-1 level was revised to 740.9 billion
+dlrs from 741.0 billion, while the four-week moving average of
+M-1 rose to 739.8 billion dlrs from 739.7 billion.
+    Economists polled by Reuters said that M-1 would be
+anywhere from down two billion dlrs to up 1.8 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5028" NEWID="15990">
+<DATE> 9-APR-1987 16:42:57.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2607&#31;reute
+b f BC-******ASSETS-OF-MONEY   04-09 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ASSETS OF MONEY MARKET MUTUAL FUNDS ROSE 1.39 BILLION DLRS IN LATEST WEEK TO 236.77 BILLION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5029" NEWID="15991">
+<DATE> 9-APR-1987 16:47:24.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2616&#31;reute
+d f BC-FDIC-SAYS-BANKS-IN-TE   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDIC SAYS BANKS IN TEXAS, OKLAHOMA CLOSED</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Federal Deposit Insurance Corp
+said a bank in Texas and one in Oklahoma were closed and their
+deposits transferred to other banks for the 54th and 55th bank
+failures in the nation this year.
+    The Southwestern Bank of Houston was closed and its
+deposits transferred to OMNIBANC, North Belt, also of Houston.
+    The failed bank's main office will reopen as a branch of
+OMNIBANC. Southwestern had total assets of 14.8 mln dlrs.
+    First National Bank of Braman, Okla., was closed and its
+desposits assumed by Community Bank of Shidler, Okla.
+    First National had total assets of 12.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5030" NEWID="15992">
+<DATE> 9-APR-1987 16:48:38.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2619&#31;reute
+d f BC-HOLDERS-PLAN-PRIME-ME   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLDERS PLAN PRIME MEDICAL &lt;PMSI> PROXY CONTEST</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>A group led by Shamrock Associates
+told the Securities and Exchange Commission it will mount a
+proxy contest in an effort to elect three class one directors
+to the Prime Medical Services Inc board of directors.
+    The Shamrock shareholder group said its members also
+pledged not to sell their holdings back to the company "unless
+we sell in connection with a transaction that woulde include
+all Prime stockholders."
+    The group has about 1.5 mln Prime shares or 17.8 pct of the
+total outstanding. Shamrock is an investment partnership
+controlled by Far Hills, N.J. lawyer Natalie Koether.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5031" NEWID="15993">
+<DATE> 9-APR-1987 16:49:01.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2621&#31;reute
+r f BC-BEVIS-&lt;BEVI>-RECEIVES   04-09 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEVIS &lt;BEVI> RECEIVES TAKEOVER INQUIRIES</TITLE>
+<DATELINE>    PROVIDENCE, R.I., April 9 - </DATELINE><BODY>Bevis Industries Inc, which has
+been seeking to be acquired, said it recently received
+inquiries concerning the purchase of the company.
+    The company did not identify the parties that made the
+inquiries, but it said they had been referred to its investment
+bankers, Tucker, Anthony and R.L. Day Inc, for study.
+    On March 18, the company said it engaged Tucker, Anthony to
+seek purchasers of its operating units, Greenville Tube Corp
+and MD Pneumatics Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5032" NEWID="15994">
+<DATE> 9-APR-1987 16:49:20.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2623&#31;reute
+r f BC-LTV-&lt;QLTV>-TO-MAKE-ON   04-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LTV &lt;QLTV> TO MAKE ONE-TIME BENEFIT PAYMENTS</TITLE>
+<DATELINE>    DALLAS, April 9 - </DATELINE><BODY>LTV Corp said it will seek approval from
+the U.S. bankruptcy court to make one-time hardship payments to
+retired steelworkers who lost some pension benefits when their
+retirement plans were terminated.
+    The payments would range from 100 dlrs to 750 dlrs per
+person for more than 9,800 steel company salaried and hourly
+retirees, LTV said.
+    The company's steel unit retirement plans were terminated
+in January by the federal Pension Benefit Guaranty Corp, which
+said the plans were insolvent.
+    LTV filed Chapter 11 bankruptcy last July 17.
+    Under Chapter 11, a company is protected from creditors
+while it works out a plan to pay debts.
+    While most regular pension payments were continued after
+LTV Steel Co's pension plans were terminated, some retirees got
+a reduction in their supplemental early retirement benefits or
+other payments that were more than maximums guaranteed by the
+federal agency.
+    LTV also began talks with the United Steelworkers union,
+and both sides have made a commitment to reach a new labor
+agreement by May 1, the steel, aerospace and energy concern
+said.
+    LTV has the right to renegotiate its labor contracts while
+operating in Chapter 11. At issue are pension and health
+benefits for active and retired employees and other items, such
+as use of manpower and equipment.
+    The company plans to present a comprehensive proposal to
+the U.S. bankruptcy court in May to deal with pensions and
+health care benefits for steel and energy retirees and health
+care benefits for aerospace retirees, it said.
+    All LTV retirees are currently receiving health and life
+insurance payments mandated by federal laws passed in October
+that have been extended until May 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5033" NEWID="15995">
+<DATE> 9-APR-1987 16:50:05.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2627&#31;reute
+r f BC-JACOR-&lt;JCOR>-TO-BUY-T   04-09 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JACOR &lt;JCOR> TO BUY TWO DENVER RADIO STATIONS</TITLE>
+<DATELINE>    CINCINNATI, April 9 - </DATELINE><BODY>Jacor Communications Inc said it
+agreed to buy two Denver radio stations from A.H. Belo Corp
+&lt;BLC> for 24 mln dlrs in cash and notes.
+    Jacor said the two stations are KOA-AM and KOAQ-FM.
+    The acquisitions must be approved by the Federal
+Communications Commission, Jacor added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5034" NEWID="15996">
+<DATE> 9-APR-1987 16:51:01.47</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2633&#31;reute
+u f BC-ASSETS-OF-U.S.-MONEY   04-09 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASSETS OF U.S. MONEY FUNDS ROSE IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Assets of money market mutual funds
+increased 1.39 billion dlrs in the week ended yesterday to
+236.77 billion dlrs, the Investment Company Institute said.
+    Assets of 93 institutional funds were up 481.1 mln dlrs to
+65.65 billion dlrs, 93 broker-dealer funds rose 285.3 mln dlrs
+to 107.31 billion dlrs, and 197 general purpose funds gained
+625.5 mln dlrs to 63.8 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5035" NEWID="15997">
+<DATE> 9-APR-1987 16:52:05.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2639&#31;reute
+r f BC-POLYCAST-&lt;PTCC>-REDUC   04-09 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLYCAST &lt;PTCC> REDUCES SPARTECH &lt;SPTN> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Polycast Technology Corp told the
+Securities and Exchange Commission it sold off 119,800 of its
+Spartech Corp common shares, reducing its stake in Spartech to
+30,000 shares or 1.2 pct of the total outstanding.
+    Polycast said it made the sales April 6-8 in the
+over-the-counter market.
+    It gave no reason for the sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5036" NEWID="15998">
+<DATE> 9-APR-1987 16:52:22.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2640&#31;reute
+r f BC-SMITHKLINE-&lt;SKB>-VACC   04-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITHKLINE &lt;SKB> VACCINE GETS APPROVAL OVERSEAS</TITLE>
+<DATELINE>    PHILADELPHIA, April 9 - </DATELINE><BODY>Smithkline Beckman Corp said its
+genetically engineered hepatitis B vaccine has received
+regulatory approval for marketing in Switzerland and
+Luxembourg.
+    The vaccine, called Engerix-B, has been approved in several
+other countries, including Belgium and Hong Kong.
+    Smithkline said it is currently considering marketing
+avenues in the United States.
+    Merck and Co &lt;MRK> also has a genetically engineered
+vaccine being marketed in several foreign markets, according to
+industry sources.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5037" NEWID="15999">
+<DATE> 9-APR-1987 16:54:29.31</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2645&#31;reute
+b f BC-ussr-shipments   04-09 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAIN SHIPMENTS TO THE USSR -- USDA</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>There were 287,700 tonnes of U.S.
+corn shipped to the Soviet Union in the week ended April 2,
+according to the U.S. Agriculture Department's latest Export
+Sales report.
+    That compares with 106,200 tonnes shipped in the prior
+week.
+    There were no wheat or soybean shipments during the week.
+    The USSR has purchased 2,825,600 tonnes of U.S. corn, as of
+April 2, for delivery in the fourth year of the U.S.-USSR grain
+agreement.
+    Total shipments in the third year of the U.S.-USSR grains
+agreement, which ended September 30, amounted to 152,600 tonnes
+of wheat, 6,808,100 tonnes of corn and 1,518,700 tonnes of
+soybeans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5038" NEWID="16000">
+<DATE> 9-APR-1987 16:54:48.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2648&#31;reute
+r f BC-JIFFY-LUBE-INTERNATIO   04-09 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JIFFY LUBE INTERNATIONAL &lt;JLUB> IN AUSTRALIA</TITLE>
+<DATELINE>    BALTIMORE, April 9 - </DATELINE><BODY>Jiffy Lube International Inc said it
+plans to expand into the Australian market, as well as
+neighboring countries, with its chain of automotive fast oil
+change and maintenance centers.
+    Jiffy Lube said it plans to open its first center in
+Brisbane later this year, and have 100 centers open within six
+years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-016.sgm b/textClassication/reuters21578/reut2-016.sgm
new file mode 100644
index 0000000..a710cfe
--- /dev/null
+++ b/textClassication/reuters21578/reut2-016.sgm
@@ -0,0 +1,32582 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5039" NEWID="16001">
+<DATE> 9-APR-1987 16:55:59.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2652&#31;reute
+f f BC-******TREASURY'S-BAKE   04-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS MACROECONOMIC INDICATORS NEED MORE PROMINENT ROLE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5040" NEWID="16002">
+<DATE> 9-APR-1987 16:56:03.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2653&#31;reute
+b f BC-******HOSPITAL-CORP-O   04-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HOSPITAL CORP SAYS IT RECEIVED 47 DLR A SHARE OFFER FROM INVESTOR GROUP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5041" NEWID="16003">
+<DATE> 9-APR-1987 16:56:14.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2654&#31;reute
+s f BC-BEVERLY-ENTERPRISES-&lt;   04-09 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEVERLY ENTERPRISES &lt;BEV> SETS REGULAR DIVIDEND</TITLE>
+<DATELINE>    PASEDENA, Calif., April 9 - 
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay July 13
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5042" NEWID="16004">
+<DATE> 9-APR-1987 16:59:15.05</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2662&#31;reute
+f f BC-******TREASURY'S-BAKE   04-09 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS FLOATING EXCHANGE RATE SYSTEM NEEDS GREATER STABILITY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5043" NEWID="16005">
+<DATE> 9-APR-1987 17:03:06.18</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2669&#31;reute
+r f BC-/CRUDE-OIL-NETBACKS-U   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRUDE OIL NETBACKS UP SHARPLY IN EUROPE, U.S.</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Crude oil netback values in complex
+refineries rose sharply in Europe and firmed in the U.S. last
+Friday from the previous week but fell sharply in Singapore,
+according to calculations by Reuters Pipeline.
+    The firmer tone to refining margins in Europe and the U.S.
+relected higher prices for petroleum products, particularly
+gasoline, and support from crude oil prices.
+    Netback values for crude oil refined in Northern Europe
+rose substantially following strong gains in gasoline prices
+there. Brent is valued at 19.45 dlrs, up 56 cts a barrel or
+three pct from the previous week.
+    In the U.S. Gulf, sweet crudes rose in value by 14 cts to
+19.33 dlrs for West Texas Intermediate, up about 0.7 pct.
+    Sour grades in the U.S. Gulf showed an increase of 33 cts a
+barrel for Alaska North Slope, up 1.7 pct.
+    But netbacks for crude oil refined in Singapore fell
+sharply, down 15 cts to as much as 68 cts a barrel as ample
+distillate supplies weighed on petroleum product prices.
+    Attaka in Singapore is valued at 18.55 dlrs, a decline of
+68 cts a barrel or 3.5 pct from the previous week.
+    For refineries in the Mediterranean, netback values were
+mostly lower, with declines of seven to 14 cts. The value of
+Kuwait crude fell 14 cts to 18.37 dlrs, while Iranian Light
+fell 11 cts to 19.14 dlrs.
+    On the U.S. West Coast, netback values for ANS CIF L.A.
+also jumped sharply, up 40 cts a barrel or 2.2 pct to 18.82
+dlrs on higher gasoline prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5044" NEWID="16006">
+<DATE> 9-APR-1987 17:04:00.71</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2670&#31;reute
+b f BC-TREASURY'S-BAKER-SAYS   04-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SAYS SYSTEM NEEDS STABILITY</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Treasury Secretary James Baker said
+the floating exchange rate system has not been as effective as
+had been hoped in promoting stability and preventing imbalances
+from emerging in the global economy.
+    In remarks before the afternoon session of the
+International Monetary Fund's Interim Committee, Baker said he
+was not suggesting that the system should be abandoned.
+    "But I do suggest," he said, "that we need something to give
+it more stability and to keep it headed in the right direction
+when the wind shifts."
+    He said that indicators can serve "as a kind of compass" but
+added that structural indicators can help focus attention on
+some policies.
+    Baker, however, said the IMF "needs to move beyond
+macroeconomic indicators and find structural indicators that
+can help focus attention on some of the policies of specific
+relevance to the imbalances we face today."
+    The Treasury Secretary said that indicators should be given
+a more prominent role in the annual economic reviews -- Article
+IV consultations -- that the Fund performs.
+    Baker also told the policy making group that it was time
+for the IMF to adopt earlier recommendations making IMF
+surveillance more relevant to national policymakers and the
+public.
+    "In particular, we urge increased publicity for IMF
+appraisals developed in Article IV consultations, the use of
+follow-up reports on country actions to implement IMF
+recommendations, and greater use of special consultation
+procedures," he said.
+    Baker emphasized that indicators were a device "for moving
+beyond rhetoric to action."
+    He said they provide "more structure to the system, and
+induce more discipline and peer pressure into the process of
+policy coordination."
+    He said the Fund's procedures for surveillance need to be
+reviewed and updated to reflect the use of indicators.
+    "This should be matter of priority for the executive board,"
+he said.
+    Baker also urged the Fund to develop alternative
+medium-term economic scenarios for countries that "can help us
+focus even more clearly on the most important imbalances, by
+identifying options for addressing them and analyzing the
+implications of these options."
+    He said also that further work should be done on finding
+paths that lead toward possible medium-term objectives.
+    "If we are to take effective remedial action when there are
+significant deviations from an intended course, then we must
+have more definitive ways of indentifying the right course for
+key variables," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5046" NEWID="16007">
+<DATE> 9-APR-1987 17:07:18.35</DATE>
+<TOPICS><D>acq</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2677&#31;reute
+r f BC-NERCI-&lt;NER>-UNIT-CLOS   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NERCI &lt;NER> UNIT CLOSES OIL/GAS ACQUISITION</TITLE>
+<DATELINE>    PORTLAND, Ore., April 9 - </DATELINE><BODY>Nerco Inc said its oil and gas
+unit closed the acquisition of a 47 pct working interest in the
+Broussard oil and gas field from &lt;Davis Oil Co> for about 22.5
+mln dlrs in cash.
+    Nerco said it estimates the field's total proved developed
+and undeveloped reserves at 24 billion cubic feet, or
+equivalent, of natural gas, which more than doubles the
+company's previous reserves.
+    The field is located in southern Louisiana.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5047" NEWID="16008">
+<DATE> 9-APR-1987 17:10:03.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>south-africa</D><D>namibia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>un</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2679&#31;reute
+d f AM-TERRITORY-COUNCIL-1ST LD'*'*'*  04-09 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AND BRITAIN VETO SANCTIONS AGAINST S.AFRICA</TITLE>
+<DATELINE>    UNITED NATIONS, April 9 - </DATELINE><BODY>For the second time in seven
+weeks, the United States and Britain vetoed a Security Council
+resolution to impose mandatory sanctions against South Africa.
+    Nine of the Council's 15 members voted for the draft, aimed
+at forcing South Africa to implement an eight-year-old  U.N.
+independence plan for Namibia (South West Africa), a vast,
+sparsely populated territory rich in minerals.
+    The U.S. and Britain were joined by West Germany in casting
+negative votes. France, Italy and Japan abstained.
+    The resolution called for comprehensive mandatory sanctions
+because Pretoria insists on making Namibian independence
+conditional on the withdrawal of more than 30,000 Cuban troops
+from neighbouring Angola.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5048" NEWID="16009">
+<DATE> 9-APR-1987 17:14:55.93</DATE>
+<TOPICS><D>money-fx</D><D>grain</D><D>cotton</D><D>livestock</D><D>gold</D><D>silver</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F C G L M T
+&#22;&#22;&#1;f2692&#31;reute
+r f BC-media-summary   04-09 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DOLLAR LOSSES PROPEL BROAD COMMODITY GAINS</TITLE>
+<AUTHOR>    by Keith Leighty, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>Commodities from gold to grains to
+cotton posted solid gains in a flurry of buying today as losses
+in the U.S. dollar and rising interest rates kindled fears of
+inflation and economic instability.
+    Gains were most pronounced on the Commodity Exchange in New
+York, where gold jumped 12.40 dlrs and closed at 436.50 dlrs a
+troy ounce, and silver 22.5 cents to 6.86 dlrs a troy ounce.
+    A key factor behind the advance was anticipation that
+inflation will be the only way for the major industrial nations
+to halt the slide in the value of the U.S. dollar, said Steve
+Chronowitz, director of commodity research with Smith Barney,
+Harris Upham and Co., in New York.
+    The dollar tumbled one day after top finance officials from
+the seven largest industrial nations reaffirmed their
+commitment to support its value, and despite reports of
+intervention by the U.S. Federal Reserve Bank, traders said.
+    Traders said it appears that the industrial nations, known
+as the Group of Seven, lack the ability to change the long-term
+direction of the currency markets.
+    "Maybe they have some ideas or plans," said Chronowitz. "If
+they do, it's not evident."
+    "It looks like there's no cure but to let the free market
+take values to where they should be.
+    "One way or another, we will force our major trading
+partners to stimulate their economies," as a measure to correct
+the mounting U.S. trade deficit, Chronowitz said.
+    "I think the markets believe, and have believed for a long
+time, that the only recourse is to reflate at some point. It's
+going to be a long and tedious process, but that's what's
+happening," he said.
+    The falling value of the dollar makes U.S. commodities
+cheaper for foreign buyers, stimulating demand.
+    At the same time, traders who are holding stocks and bonds
+saw the value of their investments falling and many are turning
+to commodities such as precious metals as a hedge, said Marty
+McNeill, a metals analyst in New York with the trading house of
+Dominick and Dominick.
+    The reaction in the metal markets reverberated throughout
+the commodities markets, as grains, livestock, and cotton
+posted broad gains.
+    Traders at the Chicago Board of Trade said attention in the
+grain markets has shifted from concern about burdensome
+supplies to the outlook that a lower dollar will stimulate
+export demand.
+    After the close of trading, the Agriculture Department
+raised its estimate for grain imports by the Soviet Union by
+two mln tonnes from the month-earlier report.
+    Live hogs and frozen pork bellies posted sharp gains on the
+Chicago Mercantile Exchange, while live cattle were moderately
+higher.
+    Analysts said several factors boosted hog prices. They said
+hogs haven't been making the weight gains that are normal at
+this time of year, and farmers have been too busy with field
+work to market animals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5049" NEWID="16010">
+<DATE> 9-APR-1987 17:15:43.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2694&#31;reute
+u f BC-GENERAL-MOTORS-&lt;GM>-T   04-09 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MOTORS &lt;GM> TO IDLE 9,800 WORKERS</TITLE>
+<DATELINE>    DETROIT, April 9 - </DATELINE><BODY>General Motors Corp said it will
+temporarily lay off 9,800 workers at two plants next week.
+    The layoffs will bring to 11,900 the number of General
+Motors workers temporarily let go by the company.
+    Indefinite layoffs remain unchanged at 37,000.
+    General Motors said its Chevrolet-Pontiac-GM of Canada
+plant at Okalhoma City, Okla., will be shut down April 13
+through April 20 for inventory adjustment. Some 5,500 workers
+will be idled at the plant.
+    General Motors' Chevrolet-Pontiac-GM of Canada plant at
+Doraville, Ga., will be closed for the same period for
+inventory adjustment, with 4,300 workers affected.
+    The company's Lakewood, Ga., plant has been shut since
+December, with 2,100 workers on temporary layoff.
+    General Motors said it will have one car plant and five
+truck plants working on on overtime Saturday, April 11.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5050" NEWID="16011">
+<DATE> 9-APR-1987 17:16:11.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2695&#31;reute
+d f BC-TENNEX-INDUSTRIES-TO   04-09 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENNEX INDUSTRIES TO BUILD PLANT IN TENNESSEE</TITLE>
+<DATELINE>    NASHVILLE, Tenn., April 9 - </DATELINE><BODY>&lt;Tennex Industries Inc>, a
+Japanese owned supplier of air cleaners for the automotive
+industry, said it will build a seven mln dlr plant in
+Munfreesboro, Tenn.
+    The company said the 37,500-square-foot plant will
+initially supply parts to &lt;Nissan Motor Manufacturing Corp USA>
+in nearby Smyna.
+    The company said it hopes to eventually produce parts for
+other U.S. car makers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5051" NEWID="16012">
+<DATE> 9-APR-1987 17:16:58.84</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2697&#31;reute
+u f BC-EGYPT-SEEKING-500,000   04-09 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT SEEKING 500,000 TONNES CORN - U.S. TRADERS</TITLE>
+<DATELINE>    KANSAS CITY, April 9 - </DATELINE><BODY>Egypt is expected to tender April 22
+for 500,000 tonnes of corn for May through September shipments,
+private export sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5052" NEWID="16013">
+<DATE> 9-APR-1987 17:20:34.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2704&#31;reute
+r f BC-TRUSTCORP-INC-&lt;TTCO>   04-09 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRUSTCORP INC &lt;TTCO> 1ST QTR NET </TITLE>
+<DATELINE>    TOLEDO, Ohio, April 9 - 
+    </DATELINE><BODY>Shr 67 cts vs 62 cts
+    Net 9,160,000 vs 7,722,000
+    Assets 4.5 billion vs four billion
+    Note: Shr and net data are before accounting change
+announced in 1986, which added 30 cts a share to year-ago 1st
+qtr results.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5053" NEWID="16014">
+<DATE> 9-APR-1987 17:28:02.76</DATE>
+<TOPICS><D>grain</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2720&#31;reute
+r f BC-ny-grain-freights   04-09 0065</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. GRAIN FREIGHTS - April 9
+    Nidera took TBN 12,000 tonnes HSS Toledo to Casablanca
+April 29-May 5 25.00 dlrs three days load 1,000 discharge
+    Comanav took Radnik 20,000 tonnes Lakehead to Morocco April
+15-25 22.00 dlrs 5,000 load 3,000 discharge
+    Krohn took Akron 75,000 tonnes anygrains on 55 feet stowage
+Mississippi River to Rotterdam May 1-10 8.05 dlrs 12 days all
+purposes
+    Continental took Legionario 40,000 tonnes River Plate to
+Japan April 25-May 10 22.50 dlrs 2,000 load 5,000 free
+discharge
+    Garnac took Sokorri 30,000 tonnes U.S. Gulf to Constanza
+April 15-25 17.00 dlrs load terms unknown 3,000 discharge
+ reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5054" NEWID="16015">
+<DATE> 9-APR-1987 17:28:46.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2724&#31;reute
+h f BC-NAPA-VALLEY-BANCORP-&lt;   04-09 0019</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAPA VALLEY BANCORP &lt;NVBC> 1ST QTR NET</TITLE>
+<DATELINE>    NAPA, Calif, April 9 -
+    </DATELINE><BODY>Shr 20 cts vs 25 cts
+    Net 487,000 vs 435,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5055" NEWID="16016">
+<DATE> 9-APR-1987 17:29:59.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2728&#31;reute
+h f BC-INTERNATIONAL-POWER-M   04-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL POWER MACHINES &lt;PWR> 4TH QTR LOSS</TITLE>
+<DATELINE>    MESQUITE, Texas, April 9 - 
+    </DATELINE><BODY>Shr loss 21 cts vs loss 28 cts
+    Net loss 817,000 vs loss 1,058,000
+    Revs 5,627,000 vs 7,397,000
+    Year
+    Shr loss 75 cts vs loss 1.36 dlrs
+    Net loss 2,872,000 vs loss 5,200,000
+    Revs 23.3 mln vs 21.1 mln
+    Note: 1985 net includes 1,255,000 adjustment in inventory
+valuations and 486,000 in cost-reduction expenses.
+    Full name is International Power Machines Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5056" NEWID="16017">
+<DATE> 9-APR-1987 17:33:46.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2736&#31;reute
+u f BC-CBOE-TO-LIST-NEW-S-AN   04-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBOE TO LIST NEW S AND P OPTIONS &lt;NSX> APRIL 20</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>The Chicago Board Options Exchange,
+CBOE, said it will list new Standard and Poor 500 stock index
+options beginning April 20 that will trade side-by-side with
+the existing S and P 500 options &lt;SPX>.
+    The new S and P 500 option contract differs from the
+existing contract in that settlement of the new contract will
+be based on the opening value of the index on expiration
+Friday. Settlement of the existing contract is based on the
+closing value of the index on expiration Friday.
+    The new opening settlement S and P 500 options will be
+offered only in months in which there are S and P 500 futures.
+    Initial months to be listed in the new options will be
+June, September and December, the CBOE said.
+    Dissemination of the settlement of price of the new options
+will be made through a special ticker symbol -- &lt;SET>, the
+exchange said.
+    There will initially be seven series of strike prices for
+each contract month of the new options -- one strike price "at
+the money," or near to the actual spot index value, and three
+above and three below the spot index.
+    Position limits in any combination of both the new and
+existing S and P 500 options will be 15,000 contracts.
+    The exchange said in the rare event that a stock does not
+open on expiration Friday, the previous day's closing price of
+that stock will be used to calculate the settlement value of
+the index.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5057" NEWID="16018">
+<DATE> 9-APR-1987 17:35:06.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2743&#31;reute
+r f BC-EC-WARNS-AGAINST-PASS   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC WARNS AGAINST PASSAGE OF TEXTILE BILL</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The European Community has told
+Congress that if textile legislation injuring EC interests is
+approved, there was no doubt the community would retaliate
+against U.S. exports.
+    Roy Denmam, head of the EC delegation here, issued the
+warning in a letter to Senator Lloyd Bentsen, chairman of the
+Finance Committee. A copy of the letter was provided Reuters.
+    Denmam told Bentsen, a Texas Democrat, that if the textile
+legislation passed on its own or was included in an omnibus
+trade bill and injured EC interests, "there should be no doubt
+that the EC will retaliate against the United States."
+    He added that "at a time when U.S. textile exports to the EC
+are growing rapidly, one result of such retaliation would be a
+substantial reduction of U.S. exports and jobs."
+    The textile legislation, backed strongly by the industry,
+hard hit by imports, and by senators from textile-producing
+states would impose new tough global quotas on textile imports
+and for the first time include Europe in the quotas.
+    Reagan Administration officials have also opposed the
+textile legislation, saying that if it passed it would likely
+prompt a presidential veto.
+    Denman made his comments on the textile issue in a general
+assessment of the Senate trade bill, titled S.490.
+    He said he was concerned about provisions in the Senate
+bill that would limit, if not eliminate, the president's
+discretion if retaliating against nations for keeping their
+home markets closed to foreign goods.
+    U.S. Trade Representative Clayton Yeutter has also opposed
+those provisions, arguing that presidential flexibility was
+needed in order to be able to negotiate with countries to open
+their markets, with retaliation being retained as a final, but
+discretionary, weapon.
+    The pending overall trade legislation would force the
+Administration to consult often with Congress and seek its
+approval during step-by-step GATT negotiations.
+    He said "enactment of S. 490 would reduce the confidence of
+other governments in America's commitment to multinational
+trade."
+    Summing up the senate legislation, Denman said "a number of
+provisions of that bil may achieve the opposite of what is
+intended and lead to dangerous consequences for the world and
+the U.S. economy."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5058" NEWID="16019">
+<DATE> 9-APR-1987 17:39:34.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2752&#31;reute
+u f BC-CBOE-TO-LIST-NEW-S-AN   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBOE TO LIST NEW S AND P OPTIONS APRIL 20</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>The Chicago Board Options Exchange,
+CBOE, said it will list new Standard and Poor 500 stock index
+options beginning April 20 that will trade side-by-side with
+the existing S and P 500 options.
+    The new S and P 500 option contract differs from the
+existing contract in that settlement of the new contract will
+be based on the opening value of the index on expiration
+Friday. Settlement of the existing contract is based on the
+closing value of the index on expiration Friday.
+    The new opening settlement S and P 500 options will be
+offered only in months in which there are S and P 500 futures.
+    Initial months to be listed in the new options will be
+June, September and December, the CBOE said.
+    Dissemination of the settlement price of the new options
+will be made through a special ticker symbol -- &lt;SET>, the
+exchange said.
+    There will initially be seven series of strike prices for
+each contract month of the new options -- one strike price "at
+the money," or near to the actual spot index value, and three
+above and three below the spot index.
+    Position limits in any combination of both the new and
+existing S and P 500 options will be 15,000 contracts.
+    The exchange said in the rare event that a stock does not
+open on expiration Friday, the previous day's closing price of
+that stock will be used to calculate the settlement value of
+the index.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5059" NEWID="16020">
+<DATE> 9-APR-1987 17:39:43.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2753&#31;reute
+u f BC-THREE-TRADERS-INDICTE   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THREE TRADERS INDICTED FOR INSIDER TRADING</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>A Grand Jury in Manhattan Federal Court
+indicted three arbitrageurs, charging they swapped inside
+information between their firms, Goldman Sachs and Co and
+Kidder Peabody and Co, court documents showed.
+    Robert Freeman, head of risk arbitrage at Goldman
+Sachs and Co, Richard Wigton, an employee of Kidder Peabody Co
+Inc, and Timothy Tabor, also formerly with Kidder, were charged
+with trading on inside information between June 1984 and
+January 1986. They were arrested in February.
+    The indictments also alledged that Goldman Sachs and
+Freeman made money on the insider trading scheme.
+    According to the indictment, Freeman exchanged inside
+information with Martin Siegel, who at the time was a vice
+president of Kidder Peabody.
+    Siegel pleaded guilty last February 13 to charges he
+participated in the conspiracy. The indictment charged Siegel
+passed on non-public information to both Wigton and Tabor from
+Freeman.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5060" NEWID="16021">
+<DATE> 9-APR-1987 17:41:35.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2762&#31;reute
+r f BC-GREAT-AMERICAN-MGMT&lt;G   04-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT AMERICAN MGMT&lt;GAMI> HAS ATCOR&lt;ATCO> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Great American Management and
+Investment Inc told the Securities and Exchange Commission it
+acquired a 7.7 pct stake in Atcor Inc.
+    Great American said it bought the stake for investment.
+    It added that it has also considered--but not yet
+decided--to buy additional Atcor shares, either in the open
+market, in private transactions, through a tender offer or
+otherwise.
+    Great American said it paid about 6.1 mln dlrs for its
+462,400 Atcor shares. It said its most recent purchases
+included 191,400 shares bought March 18-April 6.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5061" NEWID="16022">
+<DATE> 9-APR-1987 17:42:26.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2764&#31;reute
+h f BC-RAI-RESEARCH-CORP-&lt;RA   04-09 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAI RESEARCH CORP &lt;RAC> 3RD QTR FEB 28 NET</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., April 9 - 
+    </DATELINE><BODY>Oper shr one ct vs 13 cts
+    Oper net 17,806 vs 312,692
+    Revs 1,318,165 vs 2,239,349
+    Nine mths
+    Oper shr 27 cts cs 28 cts
+    Oper net 640,156 vs 671,291
+    Revs 5,612,818 vs 5,632,044
+    Note: Oper excludes gain from discontinued operations of
+15,598 for year-ago qtr and loss from discontinued operations
+of 49,040 for year-ago nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5062" NEWID="16023">
+<DATE> 9-APR-1987 17:42:36.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2765&#31;reute
+r f BC-moore   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOORE &lt;MCL> SEES SUBSTANTIAL 1987 PROFIT GAIN</TITLE>
+<DATELINE>    TORONTO, April 9 - </DATELINE><BODY>Moore Corp Ltd expects 1987 profits from
+continuing operations will exceed 1986 results and recover to
+1985 levels when the company earned 152 mln U.S. dlrs or 1.70
+dlrs a share, president M. Keith Goodrich said.
+    "We'll have a substantial increase in earnings from
+continuing operations," he told reporters after the annual
+meeting. He said he expected profits would recover last year's
+lost ground and reach 1985 results.
+    In 1986, profits from continuing operations slumped to
+139.5 mln dlrs or 1.54 dlrs a share. The total excluded losses
+of 30 mln dlrs on discontinued operations.
+    Goodrich said Moore is still actively looking for
+acquisitions related to its core areas of business forms
+manufacturing or handling.
+    "We could do a large acquisition," he said when asked if
+the company could raise as much as one billion dlrs for this
+purpose.
+    Chairman Judson Sinclair, answering a shareholder's
+question, told the annual meeting that a special resolution
+passed by shareholders to create a new class of preferred
+shares would allow Moore to move quickly if it decided to
+pursue an acquisition.
+    "If we were to make a major acquisition ... it means we can
+move with a certain expediency," Sinclair said.
+    Asked if the resolution was designed to give Moore
+protection from a possible hostile takeover, Sinclair said
+only, "I know of no threat to the corporation at this time."
+        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5063" NEWID="16024">
+<DATE> 9-APR-1987 17:47:39.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2772&#31;reute
+r f BC-ARVIN-&lt;ARV>-RAISES-NU   04-09 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARVIN &lt;ARV> RAISES NUMBER OF AUTHORIZED SHARES</TITLE>
+<DATELINE>    COLUMBUS, Ind., April 9 - </DATELINE><BODY>Arvin Industries Inc said its
+shareholders at the annual meeting voted to increase authorized
+common shares to 50 mln from 30 mln.
+    The company told shareholders that the offering of 1.7 mln
+common shares in January raised 50 mln dlrs, and the 500 shares
+of variable rated preferred stock offered in February also
+raised 50 mln dlrs. The company said it also placed 150 mln
+dlrs in long-term debt in March.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5064" NEWID="16025">
+<DATE> 9-APR-1987 17:49:07.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2775&#31;reute
+r f BC-RAYTHEON-&lt;RTN>-WINS-U   04-09 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYTHEON &lt;RTN> WINS U.S. NAVY CONTRACT</TITLE>
+<DATELINE>    LEXINGTON, Mass., April 9 - </DATELINE><BODY>Raytheon Co said the United
+States Navy awarded it a 215.3 mln dlr contract to produce
+1,927 AIM/RIM-7M Sparrow Missile Guidance and Control Sections
+and associated hardware.
+    Under the contract, the company said it will provide
+missiles and associated hardware to the U.S. Navy and Air Force
+and to several U.S. allies.
+    Raytheon said the contract represents the major share of
+the fiscal 1987 competitive Sparrow missile procurement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5065" NEWID="16026">
+<DATE> 9-APR-1987 17:50:16.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2777&#31;reute
+r f BC-FIRM-HAS-14.8-PCT-OF   04-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRM HAS 14.8 PCT OF DECISION/CAPITAL FUND&lt;DCF></TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Gabelli Group Inc said it and two
+subsidiaries held a total of 295,800 Decision/Capital Fund Inc
+shares or 14.8 pct of the total outstanding.
+    It said the shares were held on behalf of investment
+clients and it said it had no intention of seeking control of
+the fund.
+    Gabelli said its most recent purchases of Decision/Capital
+Fund stock included 95,800 shares bought April 3-6 on the
+Philadelphia Stock Exchange.
+    Gabelli is an investment firm headquartered in New York
+City. Its Gabelli and Co subsidiary is a brokerage firm.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5066" NEWID="16027">
+<DATE> 9-APR-1987 17:51:34.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2779&#31;reute
+r f BC-CONSUMERS-POWER-&lt;CMS>   04-09 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUMERS POWER &lt;CMS> TO REDEEM BONDS</TITLE>
+<DATELINE>    JACKSON, Mich., April 9 - </DATELINE><BODY>Consumers Power Co said it has 56
+mln dlrs available to be used to redeem at par any 15 pct
+series first mortgage bonds that are not exchanged under an
+outstanding bond exchange program.
+    The utility on March 17 offered to exchange its 15 pct
+first mortgage bonds due March 1, 1994 for a new series of
+first mortgage bonds, 9-1/4 pct due April 1, 1997. The offer
+will expire April 14, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5067" NEWID="16028">
+<DATE> 9-APR-1987 17:52:21.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2782&#31;reute
+u f BC-SEMICONDUCTOR-BOOK-TO   04-09 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEMICONDUCTOR BOOK TO BILL RATIO AT 1.21 PCT</TITLE>
+<DATELINE>    CUPERTINO, Calif., April 9 - </DATELINE><BODY>The Semiconductor Industry
+Association put the three-month average book-to-bill ratio at
+1.21, which was above analysts' expectations and reflects the
+sixth straight increase in this indicator of computer industry
+activity.
+    Average booking in the three month period ended in March
+totaled 910.8 mln dlrs, up 15.6 pct from a month ago and the
+highest bookings since September, 1984. March billings, or
+computer chip sales in the month, totaled 912.1 mln dlrs, up
+34.6 pct from a month ago, the association said. The three
+month average billings totaled 751.3 mln dlrs, up 6.5 pct.
+    March billings were the strongest recorded since November,
+1984, the association said. The book to bill ratio, at 1.21,
+was the highest since May, 1984, it noted.
+    Preliminary total solid state shipments for the first
+quarter of 1987 totaled 2.25 billion dlrs, up 4.9 pct from last
+quarter and up 15.9 pct from last year's first quarter.
+    Semiconductor Industry Association President Andrew
+Procassini said the rise in the book to bill was due to a
+substantial increase in U.S. bookings during March.
+    "We believe that the bookings increase reflects growing
+confidence by electronic equipment manufacturers that some
+end-equipment market segments have improved substantially
+during the first quarter," Procassini said in a statement.
+    The association also revised its book-to-bill ratio
+estimate for the three months ended in February to 1.12, from
+1.13 earlier. It further revised the January book-to-bill
+figure to 1.09 from 1.12 estimated earlier.
+    The three-month average book-to-bill ratio of 1.21 for
+March means for every 100 dlrs worth of product shipped,
+computer chip maker received 121 dlrs in new orders.
+    Drexel Burnham Lambert Inc analyst Michael Gumport said
+association numbers indicate March orders were up 20 pct above
+the normal seasonal level.
+    The association does not break out March orders from its
+three-month average, which it put at 910.8 mln dlrs.
+    Gumport noted the three-month average bookings were well
+above the 800-865 mln dlrs anticipated by the industry.
+    He said semiconductor stock could rise five to ten pct on
+the stock market open tomorrow, due to the positive numbers.
+    "Skeptics are going to have to have some pretty strong
+reasons not to like this group (of stocks)," Gumport said.
+    Kidder Peabody and Co analyst Michael Kubiak said the ratio
+indicates March orders at about one billion dlrs, which would
+be the highest monthly order rate since April, 1984.
+    He predicted at least a five pct rise in semiconductor
+stocks on the open, and said the stock group could soar as high
+as 15 pct during the session.
+    "One month does not a boom-time make, but this is very good
+news," he said.
+    Kubiak attributed the stong semiconductor orders to
+strength in the personal computer market, inventory restocking
+and strong buying by distributors.
+    Purchasing managers had been keeping computer chip
+inventories low, due to the overcapacity in the industry and
+the slow growth of the economy in general, analysts noted.
+    The semiconductor industry has been in a slump for the past
+three years.
+    The analysts said the March order and sales numbers are the
+strongest evidence yet that the trend may be turning.
+    Nevertheless, they do not expect the Administration to
+retreat from proposed sanctions against Japanese chip makers.
+    They added, however, if the industry continues to improve,
+it could mean the sanctions will be short term.
+    Jack Beedle, President of In-Stat, an electronics industry
+research firm, called the March numbers "excellent", but also
+cautioned against excessive optimism.
+    "I still believe caution should be the word, rather than
+euphoria," said Beedle, adding that he has yet to see strong
+indications from the general economy or the computer industry
+that support a solid, long-term recovery.
+    Beedle said while he thinks the semiconductor industry will
+have a very good second quarter, he still thinks positive
+shifts in exports and industrial production are needed to
+sustain a recovery.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5068" NEWID="16029">
+<DATE> 9-APR-1987 17:54:38.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2786&#31;reute
+u f BC-PARTNERSHIP-BUYS-IPCO   04-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARTNERSHIP BUYS IPCO &lt;IHS> STAKE OF 6.8 PCT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>MP Co, a New York investment
+partnership, told the Securities and Exchange Commission it
+bought a 6.8 pct stake in IPCO Corp common stock.
+    The partnership said it acquired 346,600 IPCO shares,
+paying 4.9 mln dlrs, because it believed the securities to be
+"an attractive investment opportunity."
+    It said it planned to regularly review its investment and
+may in the future recommend business strategies or an
+extraordinary corporate transaction such as a merger,
+reorganization, liquidation or asset sale.
+    The partnership is controlled by Marcus Schloss and Co Inc,
+a New York brokerage firm, and Prime Medical Products Inc, a
+Greenwood, S.C., medical supplies firm.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5069" NEWID="16030">
+<DATE> 9-APR-1987 17:56:18.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2792&#31;reute
+d f BC-DELMED-INC-&lt;DMD>-YEAR   04-09 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELMED INC &lt;DMD> YEAR LOSS</TITLE>
+<DATELINE>    FREEHOLD, N.J., April 9 - 
+    </DATELINE><BODY>Oper shr loss 30 cts vs loss 1.27 dlrs
+    Oper net loss 8,648,000 vs loss 25.6 mln
+    Revs 27.4 mln vs 33.3 mln
+    Avg shrs 29.1 mln vs 20.1 mln
+    Note: Oper excludes loss on provision for discontinued
+operations of 971,000 vs 12.2 mln and loss from conversion of
+debt 587,000 vs gain of 1,734,000.
+    1985 oper excludes loss from pension plan liquidation of
+631,000 and loss from discontinued operations of 1,015,000.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5070" NEWID="16031">
+<DATE> 9-APR-1987 17:56:55.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2793&#31;reute
+r f BC-MARCH-TRUCK-SALES-SAI   04-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARCH TRUCK SALES SAID UP 16.4 PCT</TITLE>
+<DATELINE>    DETROIT, April 9 - </DATELINE><BODY>Retail sales of trucks in March rose
+16.4 pct over the same month last year, said the Motor Vehicle
+Manufacturers Association.
+    The trade group said dealers sold 377,617 trucks in March,
+up from 324,327 last year.
+    Year-to-date truck sales were up 3.6 pct at 934,074 from
+1986's 901,757.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5071" NEWID="16032">
+<DATE> 9-APR-1987 18:01:43.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2798&#31;reute
+r f AM-ASPIRIN (EMBARGOED)  04-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRUG INDUSTRY ATTACKED ON ASPIRIN ISSUE</TITLE>
+<DATELINE>    CHICAGO, April 9 - </DATELINE><BODY>Elements of the drug industry endangered
+the lives of children by pressuring the government to delay a
+now common warning on the link between aspirin and an often
+fatal disease, a doctor said.
+    The warning involving Reye's Syndrome has since been
+required on aspirin products under a Food and Drug
+Administration (FDA) directive of one year ago, and now appears
+on the labels of aspirin and aspirin-containing products.
+    The industry under government coaxing began voluntarily
+printing warning labels in mid-1985.
+   
+    But in an editorial in this week's Journal of the
+American Medical Association, Dr Edward Mortimer of Case
+Western Reserve University in Cleveland said some aspirin
+manufacturers misled physicians and acted irresponsibly in
+opposing the warning for several years before then.
+    Mortimer's criticism was prompted by a new government study
+published in the same issue of the Journal which said it had
+found a "strong association" between aspirin and Reye's Syndrome.
+    Reye's Syndrome, which kills about 20 per cent of its
+victims, strikes following chicken pox, influenza and other 
+illnesses. Symptoms include lethargy, belligerence and
+excessive vomiting. Those who survive sometimes suffer brain
+damage.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5072" NEWID="16033">
+<DATE> 9-APR-1987 18:04:04.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2802&#31;reute
+b f BC-cadillac-fairview-say   04-09 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CADILLAC FAIRVIEW SAYS IT HAS RECEIVED SOME ACQUISITION PROPOSALS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5073" NEWID="16034">
+<DATE> 9-APR-1987 18:04:24.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2803&#31;reute
+r f BC-GM-&lt;GM>-UNIT-GETS-BOE   04-09 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> UNIT GETS BOEING &lt;BA> CONTRACT</TITLE>
+<DATELINE>    IRVINE, Calif., April 9 - </DATELINE><BODY>General Motors Corp's Hughes
+Aircraft Co said it received a contract worth more than 20 mln
+dlrs from Boeing Co's Boeing Commercial Airplane Co.
+    Hughes will supply a cabin entertainment and service system
+for Boeing's new 747-4000 jumbo jetliners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5074" NEWID="16035">
+<DATE> 9-APR-1987 18:05:37.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2804&#31;reute
+d f BC-AUDEC-IN-PRIVATE-PLAC   04-09 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDEC IN PRIVATE PLACEMENT OF STOCK, WARRANTS</TITLE>
+<DATELINE>    SADDLEBROOK, N.J., April 9 - </DATELINE><BODY>&lt;Audec Corp> said it sold
+privately 24 units, each consisting of 40,000 common shares and
+40,000 redeemable common share purchase warrants, for a total
+of 480,000 dlrs.
+    Audec said the sale was part of its plan to place a total
+of 28 units at 20,000 dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5075" NEWID="16036">
+<DATE> 9-APR-1987 18:09:50.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2808&#31;reute
+u f BC-FRENCH-PROPOSE-NEW-WO   04-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH PROPOSE NEW WORLD BANK DEBT FACILITY</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The French government said it 
+proposed the creation of a new facility for development and for
+debt reduction under the framework of the World Bank.
+    In a statement issued in conjunction with the meeting of
+the International Monetary Fund's policy-making Interim
+Committee, the French said the "multilateral resources thus
+collected would permit a partial refinancing on highly
+concessional terms of previously rescheduled official debts."
+    The statement said the "French government believes it is
+necessary to take new steps to deal with the issue of the
+poorest countries' debt."
+    The French statement said that Paris club reschedulings
+should have a lengthening of the repayment period up to between
+15 and 20 years instead of the current limit of 10 years.
+    And grace periods would be extended.
+    "These measures would be confined to the poorest, heavily
+indebted countries and would be decided on a case-by-case
+basis," it said.
+    The French also called for making the IMF's compensatory
+financing facility for export shortfalls more concessional.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5076" NEWID="16037">
+<DATE> 9-APR-1987 18:10:34.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2810&#31;reute
+r f BC-cadillac-fairview-say   04-09 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CADILLAC FAIRVIEW SAYS IT RECEIVED TAKEOVER BIDS</TITLE>
+<DATELINE>    Toronto, April 9 - </DATELINE><BODY>&lt;Cadillac Fairview Corp Ltd> said it
+received proposals to acquire the company, following its
+announcement last August that it had retained investment
+dealers to solicit offers for all outstanding common shares.
+    Cadillac Fairview said the offers are subject to
+clarification and negotiation and offered no further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5077" NEWID="16038">
+<DATE> 9-APR-1987 18:16:05.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2816&#31;reute
+r f BC-ONE-CHRYSLER-&lt;C>-PLAN   04-09 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONE CHRYSLER &lt;C> PLANT TO WORK OVERTIME</TITLE>
+<DATELINE>    DETROIT, April 9 - </DATELINE><BODY>Chrysler Corp said one of its U.S. car
+and truck assembly plants will work overtime next week.
+    Six of its seven U.S. facilities will work during the week.
+The plant on overtime, both during the week and on Saturday,
+April 11, is the company's Sterling Heights, Mich., factory.
+    The company's U.S. plants and offices will be closed
+Friday, April 17, and Monday, April 20, for the Good Friday and
+Martin Luther King Jr. holidays.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5078" NEWID="16039">
+<DATE> 9-APR-1987 18:19:25.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2817&#31;reute
+d f BC-EC-WARNS-AGAINST-PASS   04-09 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC WARNS AGAINST PASSAGE OF TEXTILE BILL</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The European Community (EC) will
+retaliate against U.S. textile exports if Congress passes trade
+legislation damaging European interests, an EC official warned
+today.
+    Roy Denman, head of the EC delegation here, issued the
+warning in a letter to Senator Lloyd Bentsen, chairman of the
+Finance Committee. A copy was provided to Reuters.
+    The bill, backed by the textile industry and senators from
+textile-producing states, would impose global quotas on textile
+imports and for the first time include Europe.
+    Denman said he was concerned about provisions in the bill
+that would limit, if not eliminate, the president's discretion
+in retaliating against nations that keep their home markets
+closed to foreign goods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5079" NEWID="16040">
+<DATE> 9-APR-1987 18:20:35.91</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2818&#31;reute
+u f BC-ny-tankers   04-09 0084</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+N.Y. TANKERS - April 9
+    Tennaco took Nicopolis part cargo 50,000 tons dirty April
+12 Caribbean to U.S. Gulf worldscale 130
+    Exxon took Brazil Glory 77,000 tons dirty April 17 East
+Coast Mexico to U.S. Atlantic Coast worldscale 75
+    Champlin took Tamba Maru part cargo 57,000 tons crude April
+18 Caribbean to U.S. Gulf worldscale 105
+    Pecten took World Cliff part cargo 74,500 tons dirty April
+14 Sullom Voe to U.S. Atlantic Coast/U.S. Gulf worldscale 70
+for Atlantic Coast worldscale 67.5 for Gulf
+    Crown Petroleum took British Skill (Gotco relet) part cargo
+100,000 tons dirty April 18 West Africa to U.S. Gulf worldscale
+63
+    Oroleum took Marika P. part cargo 59,000 tons dirty April
+16 Caribbean to U.S. Atlantic Coast/U.S. Gulf rate not reported
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5080" NEWID="16041">
+<DATE> 9-APR-1987 18:21:04.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2819&#31;reute
+d f BC-WINTERHALTER-&lt;WNTLC>   04-09 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINTERHALTER &lt;WNTLC> HOLDERS OKAY TAKEOVER</TITLE>
+<DATELINE>    ANN ARBOR, Mich., April 9 - </DATELINE><BODY>Winterhalter Inc said its
+shareholders approved the 525,000 dlr acquisition of
+Winterhalter by Interface Systems Inc &lt;INTF>.
+    The acquisition would be for 15 cts per Winterhalter share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5081" NEWID="16042">
+<DATE> 9-APR-1987 18:24:01.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2822&#31;reute
+d f BC-LIBERTY-FINANCIAL-&lt;LF   04-09 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBERTY FINANCIAL &lt;LFG> PRESIDENT TO RESIGN</TITLE>
+<DATELINE>    HORSHAM, Pa., April 9 - </DATELINE><BODY>Harold H. Kline, 48, will resign on
+May one as president of Liberty Financial Group Inc and its
+Liberty Savings Bank unit to pursue other business
+opportunties, the company said.
+    The company said Kline's post will be filled by Charles G.
+Cheleden, chairman and chief executive officer.
+    Kline will continue to serve on the boards of Liberty
+Financial and Liberty Savings, the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5082" NEWID="16043">
+<DATE> 9-APR-1987 18:25:31.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2824&#31;reute
+r f BC-IMMUNOMEDICS-&lt;IMMU>-T   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMMUNOMEDICS &lt;IMMU> TO SELL COMMON STOCK</TITLE>
+<DATELINE>    NEWARK, N.J., April 9 - </DATELINE><BODY>Immunomedics Inc said it filed a
+registration statement with the Securities and Exchange
+Commission for the proposed sale of 2,500,000 shares of common
+stock.
+    The company said it will sell 2,100,000 shares and that
+certain stockholders will sell the remaining 400,000 shares.
+    Proceeds from the offering will be used for product
+development, basic research, staff expansion, prepayment of
+debt, capital expenditures and working capital, the company
+said. The offering will be co-managed by E.F. Hutton and Co Inc
+and First Boston Corp, Immunomedics said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5083" NEWID="16044">
+<DATE> 9-APR-1987 18:29:26.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2826&#31;reute
+u f BC-MOBIL-(MOB)-WILL-NOT   04-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> WILL NOT INCREASE BUDGET</TITLE>
+<DATELINE>    DALLAS, April 9 - </DATELINE><BODY>Mobil Corp Chairman Allen E. Murray said
+the company's exploration and production budget would not be
+increased in the foreseeable future as it is "operating on the
+assumption that (oil) prices will remain on the lower end of
+the spectrum.
+     "Our budget is at about the same level as it was last year
+and I think it is the right amount," said Murray who was in
+town for ceremonies celebrating the consolidation of Mobil's
+domestic exploration and production operations into a new,
+locally-based subsidiary.
+     Last year, Mobil spent a total of 2.13 billion dlrs on
+exploration and production, 341 mln dlrs in the United States
+and 1.79 billion overseas.
+     Murray said the new subsidiary, Mobil Exploration and
+Production U.S. Inc., was not created as "part of any cost
+saving effort" but instead to "increase our efficiency and
+ability to stay ahead of the pack."
+     The consolidation will, however, save Mobil about 15 mln
+dlrs annually once relocation and reorganization costs have
+been absorbed, according to A.F. Stancell, vice president of
+U.S. producing operations for the company.
+     Mobil, the nation's second largest oil company, responded
+to the collapse of oil prices last year -- from 30 dlrs a
+barrel at end-1985 to as low as 10 dlrs in mid-1986 -- by
+laying off 5,500 people and cutting its budget in midyear by 27
+percent, or 1.1 billion dlrs.
+     Of that amount, more than 900 mln dlrs was eliminated from
+its exploration and spending spending plans.
+     But the company reported an increase in profits in 1986
+over 1985 and a jump in per share earnings to 3.45 dlrs a share
+from 2.55 dlrs.           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5084" NEWID="16045">
+<DATE> 9-APR-1987 18:31:32.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2833&#31;reute
+d f BC-&lt;american-eagle-petro   04-09 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AMERICAN EAGLE PETROLEUMS LTD> YEAR LOSS</TITLE>
+<DATELINE>    Calgary, Alberta, April 9 -
+    </DATELINE><BODY>Shr loss 10 cts vs profit 17 cts
+    Net loss 1,546,000 vs profit 4,078,000
+    Revs 22.6 mln vs 38.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5085" NEWID="16046">
+<DATE> 9-APR-1987 18:33:20.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2836&#31;reute
+f f BC-******TREASURY'S-BAKE   04-09 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS DEBTOR NATIONS NEED TIMELY DISBURSEMENTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5086" NEWID="16047">
+<DATE> 9-APR-1987 18:36:11.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2837&#31;reute
+r f BC-GM'S&lt;GM>-HUGHES-AIRCR   04-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM'S&lt;GM> HUGHES AIRCRAFT HAS BOEING&lt;BA> CONTRACT</TITLE>
+<DATELINE>    IRVINE, Calif, April 9 - </DATELINE><BODY>General Motors' Hughes Aircraft Co
+said it was awarded a contract worth more than 20 mln dlrs by
+Boeing's Boeing Commercial Airplane Co to provide an advanced
+cabin entertainment and service system for Boeing's new 747-400
+airliners.
+    Hughes said the new system uses advanced digital electronic
+techniques and also adds cabin lighting control, cabin advisory
+signs and seat information.
+    Hughes said the first 747-400 is scheduled to be completed 
+in early 1988.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5087" NEWID="16048">
+<DATE> 9-APR-1987 18:36:43.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f2838&#31;reute
+u f BC-REAGAN-HITS-HOUSE-PAS   04-09 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN HITS HOUSE-PASSED BUDGET</TITLE>
+<DATELINE>     WEST LAFAYETTE, Ind, April 9 - </DATELINE><BODY>President Reagan criticized
+the House-passed budget by saying the Democratic budget plan
+was just business as usual.
+    The budget cut defense by eight billion dlrs and called for
+18 billion dlrs in new taxes.
+    He said the defense cut potentially theratened national
+security and was asking the American taxpayers to pay for the
+Democrats' excesses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5088" NEWID="16049">
+<DATE> 9-APR-1987 18:36:56.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2839&#31;reute
+r f BC-S/P-DOWNGRADES-ZENITH   04-09 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P DOWNGRADES ZENITH ELECTRONIC &lt;ZE></TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Standard and Poor's said it lowered its
+rating on 190 mln dlrs of Zenith Electronic Corp debt because
+of continued poor earnings results and increased debt leverage.
+    Among the rating changes, the company's senior debt was
+lowered to BB-plus from BBB-plus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5089" NEWID="16050">
+<DATE> 9-APR-1987 18:39:02.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2841&#31;reute
+r f BC-MOODY'S-DOWNGRADES-RE   04-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S DOWNGRADES REPUBLICBANK &lt;RPT></TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Moody's Investors Service said it
+lowered the ratings on 464 mln dlrs of long-term debt issued by
+RepublicBank Corp and its two principal subsidiaries but
+upgraded 451 mln dlrs of securities of Interfirst Corp &lt;IFC>.
+    The rating adjustments are based on the likelihood that the
+proposed merger of the two Texas banks will be consummated.
+Moody's said Interfirst is considerably the weaker of the two
+institutions.
+    Among the rating changes, RepublicBank's senior debt was
+downgraded to BA-1 from BAA-1 while Interfirst's was raised to
+BA-1 from B-1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5090" NEWID="16051">
+<DATE> 9-APR-1987 18:39:51.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2842&#31;reute
+b f BC-TREASURY'S-BAKER-CALL   04-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER CALLS FOR MORE BANK FLEXIBILITY</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Treasury Secretary James Baker said
+that commercial banks need to develop more flexibility in their
+concerted lending mechanisms "to help assure continued
+participation in new money packages."
+    He said that major debtor nations need to be able to count
+on receiving timely disbursements on new loans essential to
+support well-conceived economic programs.
+    His remarks were made to the afternoon session of the
+International Monetary Fund's policy making Interim Committee.
+    Baker said, "The sense of urgency and willingness to
+cooperate in support of a larger general interest that helped
+to carry us through the difficult crisis period of 1982 and
+1983 is now less evident."
+    He said to address this problem, it is important for the
+commercial banks to "develop a menu of alternative new money 
+options from which all banks with debt exposure can choose in
+providing continuing support for debtor reforms."
+    He said the "continued implementation of the debt strategy
+may well rest on their doing so."
+    Baker also said that growth prospects for the lowest income
+countries remain an issue of "critical concern to the United
+States."
+    He said that he intended to address the problem of poor
+country prospects in greater detail at tomorrow's meeting of
+the joint IMF-World Bank Devlopment Committee.
+    Baker said, however, that ministers should guard against
+what appear to be magical solutions to the complex debt
+problem.
+    "I want to stress the need for all to guard against the
+ephemeral attraction of magical solutions, which may appear as
+tantalizing alternatives to the rigorous realities of grappling
+with our debt problems," he said.
+    But he emphasized that the only lasting progress is to
+approach each situation on a case-by-case basis, "bringing to
+bear the policies and financing needed to bring the economy
+back to sustained economic growth."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5091" NEWID="16052">
+<DATE> 9-APR-1987 18:41:59.03</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2844&#31;reute
+u f BC-chilean-trade-surplus   04-09 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILEAN TRADE SURPLUS NARROWS SLIGHTLY IN FEBRUARY</TITLE>
+<DATELINE>    Santiago, april 9 - </DATELINE><BODY>chile's trade surplus narrowed to 102.2
+mln dlrs in february, from 105.4 mln dlrs in the same month
+last year, but it was above the 18.2-mln-dlr surplus recorded
+in january 1987, the central bank said.
+    Exports in february totalled 379.4 mln dlrs, 17.2 pct above
+the january figure. Imports fell 9.2 pct from the previous
+month to 277.2 mln dlrs. The figures for the same month last
+year were 314 mln and 208.6 mln dlrs, respectively.
+    The accumulated trade surplus over the first two months of
+1987 stands at 120.4 mln dlrs against 132.8 mln dlrs the
+previous year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5092" NEWID="16053">
+<DATE> 9-APR-1987 18:42:19.11</DATE>
+<TOPICS><D>interest</D><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2845&#31;reute
+u f BC-ANALYSTS-DOUBT-FED-FI   04-09 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYSTS DOUBT FED FIRMED DESPITE BORROWING RISE</TITLE>
+<AUTHOR>    By Martin Cherrin, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Economists said that they doubt the
+Federal Reserve is firming policy to aid the dollar, despite
+higher discount window borrowings in the latest two-week
+statement period and very heavy borrowings Wednesday.
+    Data out today show net borrowings from the Fed averaged
+393 mln dlrs in the two weeks to Wednesday, up from 265 mln
+dlrs in the prior statement period. Wednesday borrowings were
+1.4 billion dlrs as Federal funds averaged a high 6.45 pct.
+    "One could make a case that the Fed is firming, but it
+probably isn't," said William Sullivan of Dean Witter Reynolds.
+    Sullivan said some may assume the Fed has firmed policy
+modestly to support the dollar because net borrowings in the
+two-weeks to Wednesday were nearly 400 mln dlrs after averaging
+around 250 mln dlrs over the previous two months.
+    However, the Dean Witter economist noted that the latest
+two-week period included a quarter end when seasonal demand
+often pushes up borrrowings.
+    "Some might argue that the Fed was firming policy, but it
+looks like it tried to play catchup with reserve provisions
+late in the statement period and didn't quite make it," said
+Ward McCarthy of Merrill Lynch Capital Markets.
+    A Fed spokesman told a press press conference today that
+the Fed had no large net one-day miss of two billion dlrs or
+more in its reserve projections in the week ended Wednesday.
+    Still, McCarthy said it may have had a cumulative miss in
+its estimates over the week that caused it to add fewer
+reserves earlier in the week than were actually needed.
+    The Fed took no market reserve management action last
+Thursday and Friday, the first two days of the week. It added
+temporary reserves indirectly on Monday via two billion dlrs of
+customer repurchase agreements and then supplied reserves
+directly via System repurchases on Tuesday and Wednesday.
+    Based on Fed data out today, economists calculated that the
+two-day System repurchase agreements the Fed arrranged on
+Tuesday totaled around 5.9 billion dlrs. They put Wednesday's
+overnight System repos at approximately 3.4 billion dlrs.
+    "It is quite clear that the Fed is not firming policy at
+this time," said Larry Leuzzi of S.G. Warburg and Co Inc.
+    Citing the view shared by the other two economists, Leuzzi
+said the Fed cannot really afford to seriously lift interest
+rates to help the dollar because that would harm already weak
+economies in the United States and abroad and add to the
+financial stress of developing countries and their lenders.
+    "Those who believe the Fed tightened policy in the latest
+statement period have to explain why it acted before the dollar
+tumbled," said McCarthy of Merrill Lynch.
+    He said the dollar staged a precipitous drop as a new
+statement period began today on disappointment yesterday's
+Washington meetings of international monetary officials failed
+to produce anything that would offer substantive dollar aid.
+    In fact, currency dealers said there was nothing in
+Wednesday's G-7 communique to alter the prevailing view that
+the yen needs to rise further to redress the huge trade
+imbalance between the United States and Japan.
+    The economists generally agreed that the Fed is aiming for
+steady policy now that should correspond to a weekly average
+Fed funds rate between six and 6-1/8 pct. This is about where
+the rate has been since early November.
+    "I'm not so sure that the Fed is engineering a tighter
+policy to help the dollar, as some suspect," said Sullivan of
+Dean Witter.
+    If it is, however, he said that Fed probably has just
+nudged up its funds rate goal to around 6.25 to 6.35 pct from
+six to 6.10 pct previously.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5093" NEWID="16054">
+<DATE> 9-APR-1987 18:45:25.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2848&#31;reute
+r f BC-PAKISTAN-GETS-70-MLN   04-09 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN GETS 70 MLN DLR WORLD BANK LOAN</TITLE>
+<DATELINE>    WASHINGTON, April 9 - The World Bank said it approved a 70-</DATELINE><BODY>mln-dlr, 20-year loan to assist Pakistan in a project designed
+to improve power plant efficiency.
+    Noting that a shortage of power constrains Pakistan's
+economic development, the Bank said one objective of the
+project is to provide at least 200 megawatts of additional
+generating capacity.
+    Another objective is to improve the efficiency with which
+hydrocarbons are used by Pakistan's Water and Power Development
+Authority (WAPDA) in power production, it said. One effect of
+this would be reduced atmospheric pollution.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5094" NEWID="16055">
+<DATE> 9-APR-1987 18:47:26.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2853&#31;reute
+h f BC-VALEX-PETROLEUM-INC-&lt;   04-09 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALEX PETROLEUM INC &lt;VALP> YEAR DEC 31</TITLE>
+<DATELINE>    DENVER, Colo, April 9 -
+    </DATELINE><BODY>Shr loss six cts vs loss 84 cts
+    Net loss 219,632 vs loss 16.3 mln
+    Revs 1.4 mln vs 2.8 mln
+    NOTE:1985 net includes 15.5 mln dlrs of writedowns and tax
+benefit of 51,294.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5095" NEWID="16056">
+<DATE> 9-APR-1987 18:50:11.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2855&#31;reute
+h f BC-VALEX-PETROLEUM-&lt;VALP   04-09 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALEX PETROLEUM &lt;VALP> RECLASSIFIES DEBT</TITLE>
+<DATELINE>    DENVER, Colo, April 9 - </DATELINE><BODY>Valex Petroleum Inc said its 1.3
+mln dlrs in long-term debt with a commercial bank was
+reclassified as a current liability, which resulted in its
+auditors giving it a qualified opinion.
+    Earlier, Valex reported a net loss 219,632 for 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5096" NEWID="16057">
+<DATE> 9-APR-1987 18:52:32.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2856&#31;reute
+h f BC-DATA-ARCHITECTS-&lt;DRCH   04-09 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA ARCHITECTS &lt;DRCH> TO MAKE OFFERING</TITLE>
+<DATELINE>    WALTHAM, Mass, April 9 - </DATELINE><BODY>Data Architects inc said it
+intends to make a public offering of 850,000 shares of its
+common stock, of which 672,000 shares will be sold by the
+company and 178,000 by certain shareholders.
+    Proceeds will be used for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5097" NEWID="16058">
+<DATE> 9-APR-1987 18:58:51.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2860&#31;reute
+h f BC-FIVE-DIRECTORS-OF-TER   04-09 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIVE DIRECTORS OF TERRAPET ENERGY RESIGN</TITLE>
+<DATELINE>    DALLAS, April 9 - </DATELINE><BODY>&lt;Terrapet Energy Corp> said five
+directors resigned because they could not obtain directors and
+officers liability insurance.
+    It said the directors are Dean R. Fellows, Frederick B.
+Hegi Jr, W.D. Masterson, Thomas Sturgess and John C. Thomas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5098" NEWID="16059">
+<DATE> 9-APR-1987 19:03:16.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2863&#31;reute
+u f BC-GOLDMAN,-SACHS-COMMEN   04-09 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDMAN, SACHS COMMENTS ON FREEMAN INDICTMENT</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Goldman, Sachs and Co, responding to
+the indictment earlier today of Robert M. Freeman, who remains
+head of its risk arbitrage unit, said it believes the
+44-year-old executive did not violate insider trading laws.
+    "Based on all we now know, we continue to believe in him
+and to believe that he did not act illegally," the company said
+in a statement.
+    Freeman was indicated by a federal grand jury along with
+two other top Wall Street executives, Richard Wigton and
+Timothy Tabor, for allegedly swapping insider information in a
+scheme that produced millions in illegal profits.
+    The company said it based in belief in Freeman's innocence
+on an investigation conducted by its independent outside
+counsel after Freeman was arrested in February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5099" NEWID="16060">
+<DATE> 9-APR-1987 19:05:53.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mauritius</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2867&#31;reute
+r f BC-MAURITIUS-GETS-25-MLN   04-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAURITIUS GETS 25 MLN DLR WORLD BANK LOAN</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The World Bank said it approved a 25
+mln dlr structural adjustment loan for Mauritius to aid that
+country's industrial sector.
+    The Bank said the 17-year loan will support policy reforms
+designed to help increase the efficiency of the country's
+manufacturing sector, develop export enterprises and encourage
+efficient use of resources.
+    It added, "The increased availability of foreign exchange
+for imports is expected to help the expansion of industrial
+output and exports."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5100" NEWID="16061">
+<DATE> 9-APR-1987 19:24:29.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2871&#31;reute
+r f BC-power   04-09 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO FINANCIAL DISTRICT HIT BY POWER OUTAGE</TITLE>
+<DATELINE>    TORONTO, April 9 - </DATELINE><BODY>Toronto's financial district, the
+business heart of Canada, slowed to a near halt this afternoon
+after being struck by a power blackout, utility and business
+officials said.
+    The blackout occurred around 1515 EDT in about an
+eight-square-block section of the city's downtown core, home to
+most of the city's skyscrapers, containing the  headquarters of
+many of Canada's major corporations and financial institutions.
+    Ontario Hydro spokeswoman Christina Warren told Reuters the
+blackout occurred when a transformer cable went down during
+routine maintenance at a downtown hydroelectricity station.
+Power was restored after 10 minutes.
+    The power loss halted floor trading for 15 minutes on the
+Toronto Stock Exchange, Canada's largest equity market,
+although computerized trading - accounting for about 20 per
+cent of the Exchange's normal volume - continued, Toronto Stock
+Exchange official John Kolosky said.
+    Bank operations were also affected. The headquarters or
+major offices of Canada's six major banks line a small section
+of Bay Street, the Wall Street of Canada.
+    Bank of Montreal spokesman Brian Smith told Reuters the
+blackout shut down electronic banking machines and caused a
+minor slowdown in money trading operations, although "all in all
+we were not seriously affected."
+    Officials at various downtown skyscrapers said the blackout
+also briefly shut down elevators and disrupted business in the
+downtown core's extensive network of underground shopping
+malls.
+    Workers at some of the buildings said several people were
+briefly trapped on elevators, but police and firefighters
+reported no serious problems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5101" NEWID="16062">
+<DATE> 9-APR-1987 19:36:34.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2876&#31;reute
+r f BC-U.S.-THRIFT-OFFICIAL   04-09 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. THRIFT OFFICIAL URGES MORE LENDER INSURANCE</TITLE>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>The Administration's 15 billion dlr
+plan to recapitalize the Federal Savings and Loan Insurance
+Corporation is needed to ensure the future profitablity of the
+U.S. thrift industry, according to a top industry regulator.
+    "Today thrifts in overwhelming numbers are profitable," 
+Shannon Fairbanks, executive chief of staff of the Federal Home
+Loan Bank Board told a thrift industry conference.
+    "But every thrift is paying a market tax for the inabliity
+of regulators to deal with problems carried forward from the
+past," she said, referring to the premium that thrifts have to
+pay in the marketplace to entice deposits away from banks.
+    "The industry wants to see a five billion dlr plan passed
+now, and then to wait and see what happens," Fairbanks said.
+"They're saying, 'we don't want to pay more right away.' The
+argument is that it's a drain on the industry."
+    "But the dollars paid out can be recaptured in the
+reduction in the market tax differential," she said. "The cost
+of recapitalization to the industry would be recaptured in
+bottom line profitability."
+    Fairbanks said that the public's confidence in thrift
+instititutions eroded with the financial difficulties of
+savings and loan associations in Ohio and Maryland in 1985.
+    As thrift institutions in economically distressed areas
+like Texas have continued to fall on hard times, this has
+increased depositors' demand for a higher premium on deposits
+in savings and loans compared with premiums paid on deposits in
+commercial banks, she said.
+    Before 1983, thrift institutions paid a 25 basis point
+yield differential on savings deposits over that offered by
+commercial banks as mandated by U.S. financial regulations.
+    With the elimination in 1983 of regulations that had drawn
+strict lines between savings and loans and commercial banks,
+the gap widened to as much as 50 to 75 basis points as wary
+depositors demanded a higher premium to place their funds in
+thrift institutions, Fairbanks said.
+    "The market tax paid by today's thrift industry is the most
+significant impediment to future profits," she said.
+    Depositor confidence is also eroded by the existence of
+thrifts that are failing but manage to stay in business by
+paying deposit rates well above prevailing market rates.
+    Presently, the FHLBB cannot afford to close failing
+institiutions "because we can't afford it with the current
+FSLIC fund," she said.
+    Fairbanks estimated that the high market tax differential
+paid by thrifts will drop by at least 10 to 20 basis points
+with an adequate recapitalization of FSLIC because it will help
+restore this lost confidence.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5102" NEWID="16063">
+<DATE> 9-APR-1987 19:38:11.08</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2878&#31;reute
+u f BC-N.Z.-TRADING-BANK-DEP   04-09 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. TRADING BANK DEPOSIT GROWTH EASES SLIGHTLY</TITLE>
+<DATELINE>    WELLINGTON, April 10 - </DATELINE><BODY>New Zealand's trading bank
+seasonally adjusted deposit growth rose 2.1 pct in February
+compared with a 2.6 pct rise in January, the Reserve Bank said.
+    Year-on-year total deposits rose 28.9 pct compared with a
+30.6 pct rise in January and 34.4 pct rise in February a year
+ago period, the bank said in its weekly statistical release.
+    Total deposits rose to 17.55 billion N.Z. Dlrs in February
+compared with 17.18 billion in January and 13.61 billion in
+February 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5103" NEWID="16064">
+<DATE> 9-APR-1987 19:41:03.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2880&#31;reute
+u f AM-HOMELESS   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE PASSES HOMELESS AID BILL</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The Senate approved a 433 mln dlr
+bill to aid thousands of homeless people sleeping on streets
+around the country.
+    The legislation was approved on an 85 to 12 vote but must
+be reconciled with a similar House-passed bill differing in
+some details.
+    The bill passed after Senate leaders managed on a 68 to 29
+vote to break a filibuster that had blocked final action.
+    The filibuster was led by Republican Senator Gordon
+Humphrey of New Hampshire who was trying to force an amendment
+to reverse a 12,100 dlr pay raise Congress approved earlier
+this year that boosted the lawmakers' salaries to 89,500 dlrs
+annually.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5104" NEWID="16065">
+<DATE> 9-APR-1987 19:41:34.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ida</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2881&#31;reute
+r f BC-IDA-GRANTS-SRI-LANKA   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDA GRANTS SRI LANKA 18.6 MLN DLR CREDIT</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>The International Development
+Association said it approved a 18.6 mln dlr credit to Sri Lanka
+to help that country strengthen its agricultural research and
+development.
+    IDA, the World Bank arm that makes interest free loans to
+the poorest nations, said the credit will support changes
+designed to raise farm income by boosting production,
+developing better crop varieties and improving farm systems.
+    It said these goals will be accomplished through the
+establishment of a Council of Agricultural Research which will
+formulate and institute an agricultural research strategy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5105" NEWID="16066">
+<DATE> 9-APR-1987 20:00:47.96</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2887&#31;reute
+f f BC-BANK-OF-JAPAN-INTERVE   04-09 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF JAPAN INTERVENES TO BUY DOLLARS AROUND 143.70 YEN - DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5106" NEWID="16067">
+<DATE> 9-APR-1987 20:06:38.01</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2893&#31;reute
+f f BC-DOLLAR-OPENS-AT-RECOR   04-09 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOLLAR OPENS AT RECORD TOKYO LOW 143.75 YEN (PREVIOUS RECORD 144.70) - DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5107" NEWID="16068">
+<DATE> 9-APR-1987 20:30:24.29</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f2896&#31;reute
+b f BC-DOLLAR-OPENS-AT-TOKYO   04-09 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR OPENS AT TOKYO RECORD LOW OF 143.75 YEN</TITLE>
+<DATELINE>    TOKYO, April 10 - </DATELINE><BODY>The dollar opened at a record Tokyo low
+of 143.75 yen despite aggressive Bank of Japan intervention,
+dealers said.
+    The previous record low was 144.70 yen set on March 30. The
+opening compares with 143.90/144.00 yen at the close in New
+York.
+    The central bank bought dollars through Tokyo brokers just
+before and after the market opening, the dealers said.
+    The intervention took place when the dollar fell to 143.20
+yen, one dealer said.
+    The dollar opened at 1.8155/60 marks against 1.8187/97 in
+New York.
+    The dollar fell as low as 142.90 yen despite central bank
+intervention at 143.00 yen, dealers said.
+    Selling pressure was strong from securities houses and
+institutional investors in hectic and nervous trading on
+underlying bearish sentiment for the dollar, they said.
+    Most dealers were surpised by the dollar's sharp fall
+against the yen in New York, although many had expected such a
+drop to happen eventually.
+    Institutional investors are expected to sell the dollar
+aggressively if it rises to around 143.50 yen, dealers said.
+    The U.S. Currency steadied well above 143.00 yen after Bank
+of Japan intervention and scattered short-covering, they said.
+    The dollar opened at 1.5120/30 Swiss francs against
+1.5085/00 at the New York close.
+    Sterling started at 1.6190/00 dlrs against 1.6195/05.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5108" NEWID="16069">
+<DATE> 9-APR-1987 20:38:20.45</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2897&#31;reute
+b f BC-DOLLAR-FALLS-BELOW-14   04-09 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR FALLS BELOW 143 YEN IN TOKYO</TITLE>
+<DATELINE>    TOKYO, April 10 - </DATELINE><BODY>The dollar fell below 143 yen in hectic
+early Tokyo trading despite aggressive Bank of Japan
+intervention, dealers said.
+    After opening at a Tokyo low of 143.75 yen, the dollar fell
+as low as 142.90 yen on heavy selling led by securities firms
+and institutional investors, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5109" NEWID="16070">
+<DATE> 9-APR-1987 20:49:27.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2900&#31;reute
+b f BC-STOCKS-PLUNGE-IN-EARL   04-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOCKS PLUNGE IN EARLY TOKYO TRADE</TITLE>
+<DATELINE>    TOKYO, April 10 - </DATELINE><BODY>Share prices plunged in early trade as an
+opening foreign exchange record low of 143.75 yen to the dollar
+and a weak stockmarket in New York withered investors'
+confidence, brokers said.
+    After 32 minutes' trade, the average plummetted 313.00 to
+22,609.20. Yesterday the market gained 9.21 to a record close.
+    Brokers said the dollar's fall against the yen prompted a
+large selloff of export-related shares. But fears had spread
+throughout the market, depressing almost all issues.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5110" NEWID="16071">
+<DATE> 9-APR-1987 20:59:51.69</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>sorghum</D><D>oat</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2903&#31;reute
+u f BC-ARGENTINE-GRAIN-MARKE   04-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE GRAIN MARKET REVIEW</TITLE>
+<DATELINE>    BUENOS AIRES, April 9 - </DATELINE><BODY>The Argentine grain market was
+quiet in the week to Wednesday, with prices rising slightly on
+increased interest in wheat, millet and birdseed.
+    Wheat for domestic consumption rose six Australs per tonne
+to 118.
+    For export it rose eight to 108 per tonne from Bahia
+Blanca, increased 0.50 to 104 at Necochea and was unchanged at
+Rosario at 108.30.
+    Maize increased one to 90 per tonne at Buenos Aires, was
+unchanged at 82 in Bahia Blanca, increased 0.50 to 85 at
+Necochea and fell one to 88 at Parana River ports.
+    Sorghum from Bahia Blanca increased 0.50 Australs to 76.50
+per tonne and dropped one to 75 at Rosario.
+    It was quoted at 75 at Villa Constitucion, San Nicolas and
+Puerto Alvear.
+    Oats were unchanged at 168 per tonne at Buenos Aires.
+    Millet from Buenos Aires and Rosario rose five per tonne to
+140 and birdseed rose 15 to 205 at Buenos Aires.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5111" NEWID="16072">
+<DATE> 9-APR-1987 21:41:33.32</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2915&#31;reute
+u f BC-U.S.-MARKETS-OFFER-GL   04-09 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MARKETS OFFER GLIMPSE OF VOLCKER NIGHTMARE</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 9 - </DATELINE><BODY>Today's turmoil in the U.S. Financial
+markets, with bond and stock prices tumbling in the dollar's
+wake, is evidence of a major shift in investor psychology that
+is likely to spell more turbulence ahead, economists said.
+    For two years, the markets had hailed the dollar's decline
+as the cure-all for the U.S. Trade deficit. Interest rates fell
+sharply and Wall Street became a one-way street, up.
+    But that confidence is now cracking as the financial
+markets suddenly believe Fed chairman Paul Volcker's
+often-repeated warnings about the risks of a dollar collapse.
+    "Volcker's been saying for a long time that a dollar
+freefall would be extremely dangerous - now he's got it," said
+David Jones, economist at Aubrey G. Lanston and Co Inc.
+    The dollar fell below 144 yen today for the first time in
+40 years as the Group of Seven finance ministers in Washington
+failed to convince the foreign exchange market that they have a
+credible strategy for redressing global trade imbalances, short
+of further depreciation of the dollar.
+    Bonds suffered their biggest one-day drop in months amid
+worries that the dollar's slide will rekindle inflation, scare
+away foreign investors and force the Fed to tighten credit.
+    The inflationary fears boosted gold bullion by more than 12
+dlrs to a 1987 high of 432.20/70 dlrs an ounce, while the spike
+in interest rates pulled the Dow Jones Industrial Average down
+by 33 points to 2339.
+    Norman Robertson, Mellon Bank chief economist, called the
+markets' instability frightening. He believes economic
+fundamentals do not justify the bearishness but said that "once
+you start the ball rolling it's difficult to stop."
+    "There's a stark possibility that you could get a
+destabilizing drop in the dollar that forces up interest rates
+and drives us into recession. The markets are in a panic."
+    Stephen Marris of the Institute for International Economics
+in Washington, has been warning for a long time that the
+controlled decline of the dollar since peaks of 3.47 marks and
+264 yen in February 1985 could turn into a nightmare.
+    "We're still more or less on track for a hard landing... But
+the agony may be fairly drawn out," Marris told Reuters.
+    Marris does not expect the crisis to peak until later this
+year, but he warned that the situation is so fragile that it
+would take very little to touch off what he calls the second
+phase of the hard landing, whereby a loss of confidence in the
+dollar pushes up interest rates and leads to a recession.
+    The stock market's reaction today and its sharp drop on
+March 30 shows how the loss of confidence could come about.
+    The fact that it has not happened yet is consistent with
+historical experience, which teaches that domestic markets are
+not affected until a currency is in the final stages of its
+decline, Marris said. He has forecast a drop to about 125 yen.
+    Marris felt that a major impetus for the dollar's latest
+weakness was the loss of credibility that central banks
+suffered when they failed to prevent the dollar from falling
+below 150 yen, the floor that the market believes was set as
+part of the G-7 Paris agreement in February.
+    Robertson at Mellon, by contrast, said the loss of
+confidence was triggered last week when Washington announced
+plans to slap 300 mln dlrs of tariffs on Japanese electronic
+imports, raising the specter of a debilitating trade war.
+    Many economists believe that long-run stability will not
+return to the markets until the root cause of the trade gap is
+addressed - excessive consumption in the U.S., Reflected in the
+massive budget deficit.
+    But in the short term, given the failure of the G-7 and of
+central bank intervention, some feel that the Fed will have no
+choice but to tighten credit to restore faith in the dollar.
+    "The only thing that will stop the dollar falling is a
+substantial increase in the discount rate and a corresponding
+cut abroad, at least by Japan," said Lanston's Jones.
+    Marris expects the Fed to act quickly to raise interest
+rates, even at the risk of increasing the debt burden for
+American farmers, Latin American governments and others.
+    But Robert Giordano, chief economist at Goldman Sachs and
+Co, scoffed at the notion. "It's ridiculous to think the Federal
+Reserve will raise interest rates when the dollar is weak
+against just one currency. This is yen strength, not dollar
+weakness," he said.
+    Giordano said the market was ignoring the progress being
+made toward reducing the U.S. Budget deficit.
+    "We're going to have one of the biggest reductions in the
+budget deficit relative to GNP in history this year, and nobody
+cares," he said, noting that only the deficit cut in 1968-69
+will have been greater.
+    He said he does not expect the dollar to collapse and
+thinks interest rates are likely to fall back later this year.
+    But for now, market psychology has changed so abruptly that
+a further drop in the bond market cannot be ruled out. "Put on
+your helmets," Giordano said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5112" NEWID="16073">
+<DATE> 9-APR-1987 22:07:44.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2932&#31;reute
+b f BC-MIYAZAWA-TO-HOLD-PRES   04-09 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA TO HOLD PRESS CONFERENCE LATER TODAY</TITLE>
+<DATELINE>    TOKYO, April 10 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa is
+expected to hold a press conference later today after returning
+from Washington, a ministry spokesman told Reuters.
+    Miyazawa is scheduled to arrive at 4.15 P.M. (0715 GMT) in
+Tokyo. The earliest time for the press conference would be 6.30
+P.M. (0930 GMT).
+    The minister attended a meeting of the Group of Seven (G-7)
+and other international monetary conferences in Washington. The
+G-7 -- Britain, Canada, France, Italy, Japan, the U.S. And West
+Germany -- reaffirmed that current exchange rates are in line
+with economic fundamentals.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5113" NEWID="16074">
+<DATE> 9-APR-1987 22:21:56.67</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2941&#31;reute
+u f BC-AVERAGE-YEN-CD-RATES   04-09 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVERAGE YEN CD RATES FALL IN LATEST WEEK</TITLE>
+<DATELINE>    TOKYO, April 10 - </DATELINE><BODY>Average interest rates on yen
+certificates of deposit (CD) fell to 4.13 pct in the week ended
+April 8 from 4.33 pct the previous week, the Bank of Japan
+said.
+    New rates (previous in brackets) -
+    Average CD rates all banks 4.13 pct (4.33)
+    Money Market Certificate (MMC) ceiling rates for week
+starting from April 13 -       3.38 pct (3.58)
+    Average CD rates of city, trust and long-term banks -
+    Less than 60 days          4.15 pct (4.41)
+    60-90 days                 4.14 pct (4.29)
+    Average CD rates of city, trust and long-term banks -
+    90-120 days                4.12 pct (4.25)
+    120-150 days               4.12 pct (4.23)
+    150-180 days               unquoted (4.03)
+    180-270 days               4.05 pct (4.05)
+    Over 270 days              4.05 pct (unqtd)
+    Average yen bankers acceptance rates of city, trust and
+long-term banks -
+    30 to less than 60 days    3.98 pct (4.20)
+    60-90 days                 4.03 pct (3.97)
+    90-120 days                unquoted (unqtd)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5114" NEWID="16075">
+<DATE> 9-APR-1987 22:51:00.04</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>lawson</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2956&#31;reute
+b f BC-JAPAN-HAS-NO-PLANS-TO   04-09 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN HAS NO PLANS TO CUT DISCOUNT RATE</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Bank of Japan sources said the bank
+has no plans to cut its discount rate.
+    They told reporters that there was no pressure on Japan
+during the Group of Seven (G-7) meeting here yesterday to lower
+its discount rate. They added that they themselves do not feel
+any need for a cut at all.
+    Chancellor of the Exchequer Nigel Lawson told reporters
+earlier today that some countries - those with strong
+currencies - might have to cut interest rates.
+    The Bank of Japan sources also said that it was too soon to
+call the G-7 pact a failure.
+    The central bank sources were commenting on the dollar's
+renewed tumble in New York and Tokyo, which was sparked by
+remarks by U.S. Treasury Secretary James Baker that the
+dollar's fall had been orderly.
+    They said the market must have misinterpreted Baker's
+comments because he was referring to the dollar's fall since
+the Plaza agreement in September 1985, over a long-time span,
+not the currency's recent movements.
+    They added that the foreign exchange markest seem to seize
+on anything to use as an excuse to drive the dollar one way or
+the other.
+    The Bank of Japan sources said the U.S. Is putting more
+weight on the dollar/yen rate in terms of judging market
+stability than on other currencies.
+    Throughout the G-7 meeting, Japan pointed to the dangers
+that would arise from a further dollar fall because it would
+reduce the flow of Japanese capital to the U.S., Hurting the
+U.S. And world economies, they said.
+    In February and in March of this year, Japanese investors
+reduced their purchases of U.S. Treasury bonds, the sources
+said.
+    Each country in the G-7 - Britain, Canada, France, Italy,
+Japan, the U.S. And West Germany - has a different view about
+currency stability, the Bank of Japan sources said.
+    This is because the overall foreign exchange market is a
+triangle of dollar/yen, European currencies/yen and
+dollar/European currencies.
+    At the time of the Louvre agreement, European countries did
+not want the yen to weaken against their currencies so they did
+not object to the yen strengthening, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5115" NEWID="16076">
+<DATE> 9-APR-1987 23:01:02.20</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2959&#31;reute
+u f BC-AUSTRALIAN-UNIONS-AND   04-09 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN UNIONS AND NSW GOVERNMENT REACH DEAL</TITLE>
+<DATELINE>    SYDNEY, April 10 - </DATELINE><BODY>Union and New South Wales government
+officials have reached a compromise in a dispute over workers
+compensation, averting increased industrial action in the
+state, union sources said.
+    But some unions, including those of building and mining
+workers, said they were dissatisfied with the deal and would
+continue their strikes for a few more days.
+    State officials said the government had agreed to revise
+its proposals to cut compensation and would allow slightly
+higher cash benefits for injured workers.
+    Under the original proposal, which sparked strikes and
+other industrial action in the state on April 7, workers'
+compensation would have been cut by one third. Full details of
+the compromise package are not yet known.
+    The Labour Council, affiliated to the Australian Council of
+Trade Unions (ACTU), had threatened to paralyse New South Wales
+unless the government modified its pending legislation on the
+issue.
+    State officials said the only sectors affected in the past
+three days were some government building projects, railway
+freight movement and cargo handling in Sydney's ports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5116" NEWID="16077">
+<DATE> 9-APR-1987 23:18:47.24</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2970&#31;reute
+u f BC-ECUADOR-CRUDE-OIL-OUT   04-09 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR CRUDE OIL OUTPUT TO RESUME NEXT MONTH</TITLE>
+<DATELINE>    QUITO, April 9 - </DATELINE><BODY>Ecuador is due to resume limited crude oil
+output on May 8 when a new 43 km pipeline to neighbouring
+Colombia should be finished, an energy ministry spokesman said.
+    Oil output was halted on March 5 by an earthquake which
+damaged 50 km of the main pipeline linking jungle oilfields at
+Lago Agrio to the Ecuadorean port of Balao on the Pacific.
+    About 13 km of the new link, capable of carrying some
+50,000 barrels per day (bpd), has been built, he said.
+    Ecuador pumped 245,000 to 250,000 bpd before the
+earthquake.
+    The new link will connect Lago Agrio to Puerto Colon in
+Colombia, the starting point of Columbia's pipeline to the
+Pacific ocean port of Temuco.
+    The government estimates it will take about four more
+months to repair the Lago Agrio to Balao pipeline and return
+output to normal levels, the spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5117" NEWID="16078">
+<DATE> 9-APR-1987 23:25:44.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2974&#31;reute
+u f BC-JAPANESE-GROUP-WINS-L   04-09 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE GROUP WINS LOS ANGELES RAIL CAR ORDER</TITLE>
+<DATELINE>    TOKYO, April 10 - </DATELINE><BODY>Sumitomo Corp &lt;SUMT.T> and &lt;Nippon Sharyo
+Ltd> have won a joint order for 54 railway cars worth 69.60 mln
+dlrs from California's Los Angeles County Transportation
+Commission, a Nippon Sharyo spokesman said.
+    He told Reuters components totalling 20 pct of the value of
+the articulated light rail vehicles will be U.S.-made, and that
+delivery is due between early 1989 and early 1990.
+    The cars will be used for a Long Beach to Los Angeles
+service due to start in May 1989.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5118" NEWID="16079">
+<DATE> 9-APR-1987 23:26:59.11</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2976&#31;reute
+u f BC-THAI-RICE-EXPORTS-FAL   04-09 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI RICE EXPORTS FALL IN WEEK TO APRIL 7</TITLE>
+<DATELINE>    BANGKOK, April 10 - </DATELINE><BODY>Thailand exported 56,652 tonnes of rice
+in the week ended April 7, down from 75,160 tonnes the previous
+week, the Commerce Ministry said.
+    It said the government and private exporters shipped 41,607
+and 15,045 tonnes respectively.
+    Private exporters concluded advance weekly sales for 48,062
+tonnes against 22,086 tonnes the previous week.
+    Thailand exported 1.29 mln tonnes of rice so far in 1987,
+down from 1.39 mln tonnes a year ago.
+    It has commitments to export a further 353,045 tonnes this
+year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5119" NEWID="16080">
+<DATE> 9-APR-1987 23:31:53.62</DATE>
+<TOPICS><D>veg-oil</D><D>soy-oil</D><D>rape-oil</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2977&#31;reute
+u f BC-JAPAN-SEES-MARGINAL-R   04-09 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SEES MARGINAL RISE IN EDIBLE OIL DEMAND</TITLE>
+<DATELINE>    TOKYO, April 10 - </DATELINE><BODY>The Agriculture Ministry estimates
+Japan's edible oil demand will rise 1.5 pct in calendar 1987 to
+1.68 mln tonnes from 1.65 mln in 1986.
+    Domestic consumption will rise to 1.66 mln tonnes in 1987
+from 1.64 mln in 1986, while imports will rise to 77,000 tonnes
+from 70,000 and exports will be unchanged at 14,000.
+    Edible oil supplies will total 1.75 mln tonnes in 1987
+against 1.73 mln last year, including domestic output of 1.60
+mln against 1.55 mln. Domestic supplies will comprise 725,000
+of soybean oil (706,000 in 1986), 638,000 of rapeseed oil
+(609,000) and 235,000 of other origin oils (231,000).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5120" NEWID="16081">
+<DATE> 9-APR-1987 23:36:26.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2978&#31;reute
+u f BC-FRANCE-APPROVES-LARGE   04-09 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE APPROVES LARGE DEFENCE SPENDING INCREASE</TITLE>
+<DATELINE>    PARIS, April 10 - </DATELINE><BODY>The French parliament has approved a
+substantial increase in defence spending to modernise the
+country's nuclear and conventional forces.
+    The bill provides 474 billion francs for defence
+expenditure over a five-year period starting next year, with 32
+pct allocated to modernise the country's nuclear weapons
+systems.
+    The budget represents a six pct annual increase, starting
+next year, well above the 3.5 pct NATO recommends for members
+of its military command. France is a member of NATO but does
+not belong to its integrated military command.
+    The budget will help finance three new types of nuclear
+weapons, a military reconnaissance satellite, a nuclear powered
+aircraft carrier, the AMX Leclerc tank and the possible
+development of chemical weapons.
+    The program also includes funds for design work on nuclear
+missile submarines and the M-5 submarine-launched missile.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5121" NEWID="16082">
+<DATE> 9-APR-1987 23:37:51.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>switzerland</D></PLACES>
+<PEOPLE><D>languetin</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2981&#31;reute
+u f BC-SWISS-BANKER-SAYS-COU   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS BANKER SAYS COUNTRIES SEEK NEW DEBT ANSWERS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Countries meeting at the
+International Monetary Fund (IMF) this week are looking at a
+variety of new ways to resolve the problem of third world debt,
+Swiss National Bank president Pierre Languetin said.
+    Languetin said meetings of the Group of 10 and the IMF
+Interim Committee today reached a consensus that a rescheduling
+like that of Mexico's debt must be the last of its kind. The
+Mexico rescheduling has still not been finally resolved six
+months after it started. Various members suggested other
+options to break the deadlock between debtor countries and
+their creditors, he said.
+    Languetin said no recommendations were agreed, but he
+listed some of the suggestions.
+    One involved individual banking systems each resolving the
+problem of small banks which refused to participate in
+reschedulings. It was this problem that had prevented
+completion of the Mexican rescheduling, he said.
+    Debt-equity swaps could be expanded, as could 'on-lending',
+which some banks had proposed for Argentine debt. 'On-lending'
+allows banks to select customers for rescheduled amounts.
+    Small banks which did not wish to reschedule might be
+forced to sign "exit bonds," prohibiting them from lending to
+that country again, he said.
+    Languetin said none of these represented a general view.
+But he added "People are trying to get out of the corset."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5122" NEWID="16083">
+<DATE> 9-APR-1987 23:46:07.85</DATE>
+<TOPICS><D>interest</D><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D><D>switzerland</D></PLACES>
+<PEOPLE><D>languetin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2984&#31;reute
+u f BC-INTEREST-RATE-DIFFERE   04-09 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEREST RATE DIFFERENTIALS TOO SMALL, BANKER SAYS</TITLE>
+<DATELINE>    WASHINGTON, April 9 - </DATELINE><BODY>Swiss National Bank President Pierre
+Languetin said a wider interest rate differential between the
+dollar and stronger currencies was needed to brake the dollar's
+fall.
+    At a news conference, he said Japan and West Germany could
+try to stimulate their economies further by expanding money
+supply, but he added "I'm not so sure it would be desirable if
+monetary policy became more expansive.
+    "But what would be useful is a greater differential in
+interest rates," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5123" NEWID="16084">
+<DATE> 9-APR-1987 23:46:49.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f2985&#31;reute
+b f BC-THIRTY-MINERS-KILLED   04-09 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THIRTY MINERS KILLED IN SOUTH AFRICA, MINE OWNERS</TITLE>
+<DATELINE>    JOHANNESBURG, April 10 - </DATELINE><BODY>Thirty South African coal miners
+have been killed in an underground explosion at a colliery east
+of Johannesburg, mine owners said.
+reuter^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5124" NEWID="16085">
+<DATE> 9-APR-1987 23:48:18.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2986&#31;reute
+u f BC-PACIFIC-DUNLOP-&lt;PACA.   04-09 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC DUNLOP &lt;PACA.ME> SETS ONE-FOR-TEN ISSUE</TITLE>
+<DATELINE>    MELBOURNE, April 10 - </DATELINE><BODY>Pacific Dunlop Ltd said it will make
+a one-for-ten bonus issue from its asset revaluation reserve to
+shareholders registered June 15.
+    The bonus involves the issue of about 45 mln shares, the
+diversified rubber and plastics group said in a statement.
+    The new shares will not rank for the deferred annual
+dividend of not less than 12.5 cts that Pacific Dunlop will pay
+in August, but will rank pari passu thereafter, it said.
+    As previously reported, it did not pay an interim dividend
+for the first half to December 31 pending a review of the new
+dividend imputation legislation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5125" NEWID="16086">
+<DATE> 9-APR-1987 23:57:19.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2991&#31;reute
+u f BC-MOBIL-AUSTRALIA-REPOR   04-09 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL AUSTRALIA REPORTS 38.6 MLN DLR 1986 LOSS</TITLE>
+<DATELINE>    MELBOURNE, April 10 - </DATELINE><BODY>Wholly-owned Mobil Corp &lt;MOB> unit,
+&lt;Mobil Oil Australia Ltd>, reported a 38.63 mln dlr net loss in
+1986, a turnaround from its 37.25 mln profit in 1985.
+    The loss reflected a combination of strikes plus scheduled
+and unscheduled refinery shutdowns for maintenance and
+inventory losses caused by government controls on both crude
+and product prices, Mobil said in a statement.
+    However, equity-accounting of associates' profits reduced
+the loss to 24 mln dlrs against a 37 mln profit in 1985.
+    Mobil said it was confident 1987 would see a return to
+profit as it built further on its 1985 company restructuring.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="622" NEWID="16087">
+<DATE>11-APR-1987 01:23:09.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0008&#31;reute
+r f BC-COR--TEXACO-&lt;TX>-SAYS   04-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COR TEXACO &lt;TX> SAYS IT CAN'T POST MORE THAN 1 BILLION</TITLE>
+<DATELINE>    HOUSTON, April 10 - </DATELINE><BODY>Texaco Inc, in documents filed with a
+Texas state appeals court, said a ruling forcing it to post a
+bond of more than one billion dlrs as security for a 10.53
+billion dlr judgment would halt its credit agreements and force
+the company into bankruptcy.
+    A hearing is scheduled Monday on Texaco's motion to reduce
+the amount of bond required by Texas state law to secure a 1985
+judgment in favour of Pennzoil Co &lt;PZL> in a dispute over the
+acquisition of Getty Oil.
+    Pennzoil today said it proposed to the court that Texaco
+secure its bond with assets valued at about 50 pct of the bond.
+    It said this would not force Texaco into bankruptcy.
+    Richard Brinkman, Texaco's chief financial officer, said in
+a newly filed affidavit that the company was willing to use its
+65 mln shares of &lt;Texaco Canada Inc> as collateral for a letter
+of credit or loan to provide security to Pennzoil.
+    The Canadian unit's stock, valued at about 1.8 billion
+dlrs, was returned to Texaco earlier this week after being held
+as security by a federal district court in New York while
+Texaco awaited a ruling by the U.S. Supreme Court. Brinkman
+estimated that Texaco could borrow no more than one billion
+dlrs using its Canadian subsidiary stock as collateral for a
+loan.
+    Texaco, he said, was unwilling to pledge the stock of its
+other foreign subsidiary corporations as security because the
+stock is not widely traded and its market value was unclear.
+    Brinkman also said the company had already lost access to a
+four billion dlr revolving credit line since the initial jury
+verdict against Texaco.
+    Texaco had been able to raise working capital by selling
+about 700 mln dlrs in receivables to a group of banks since the
+judgment, he said. The banks earlier this week notified Texaco
+that they would not purchase any additional receivables because
+of the company's uncertain status, Brinkman said.
+    Four other credit agreements for 1.15 billion dlrs would
+also be cut off if a judgment of more than four billion dlrs is
+outstanding against the company and it is unable to obtain a
+stay, Brinkman said.
+    "Since the Supreme Court decision on April 6, many other
+suppliers to Texaco have notified Texaco that their dealings
+with it are under review and a number have demanded cash
+payment or terminated their dealings with Texaco," he said.
+    The Supreme Court overturned a lower federal court decision
+to cut Texaco's bond to one billion dlrs, saying the issue
+should first be considered in Texas courts.
+    In a separate affidavit, &lt;Morgan Stanley &amp; Co> Managing
+Director Donald Brennan also said Texaco would be forced into
+bankruptcy if the company were forced to provide Pennzoil with
+security exceeding one billion dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="623" NEWID="16088">
+<DATE>11-APR-1987 01:27:53.25</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0011&#31;reute
+u f BC-JAPAN-WARNS-U.S.-IT-M   04-11 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN WARNS U.S. IT MAY RETALIATE IN TRADE DISPUTE</TITLE>
+<DATELINE>    TOKYO, April 11 - </DATELINE><BODY>Japan warned the United States it may
+take retaliatory measures if the United States imposes its
+planned trade sanctions on April 17, a senior government
+official said.
+    Shinji Fukukawa, Vice Minister of the International Trade
+and Industry Ministry, said in a statement Japan would consider
+measures under the General Agreement on Tariffs and Trade and
+other actions if the United States imposes 100 pct tariffs on
+some Japanese exports as planned next week.
+    However, Fukukawa said Japan was ready to continue trade
+talks with the United States despite its failure to convince
+America to call off the threatened tariffs during two days of
+emergency talks which ended in Washington yesterday.
+    Last month President Reagan announced the sanctions in
+retaliation for what he called Japan's failure to honour a July
+1986 agreement to stop dumping computer microchips in markets
+outside the United States and to open its home market to
+American goods.
+    Fukukawa said the United States had regrettably not
+listened to Japan's explanation of its efforts to live up the
+pact and said Washington had not given any detailed explanation
+of why it planned to impose the tariffs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="624" NEWID="16089">
+<DATE>11-APR-1987 02:00:34.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0022&#31;reute
+r f BC-JUDGE-KEEPS-JAL-&lt;JAPN   04-11 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUDGE KEEPS JAL &lt;JAPN.T> CRASH SUIT ALIVE IN U.S.</TITLE>
+<DATELINE>    SEATTLE, Wash., April 10 - </DATELINE><BODY>A judge ruled that questions of
+liability in the 1985 crash of a Japan Air Lines Boeing 747
+which killed 520 people near Tokyo will be decided in Seattle.
+    But he left open the possibility that monetary damages
+could be awarded in a Japanese court.
+    The ruling, by King County Superior Court Judge Gary
+Rittle, came in a hearing on lawsuits in which survivors of 77
+of the victims are seeking millions of dollars in compensation.
+    Rittle said after the liability problems are settled, he
+will examine the question of where damages will be decided.
+    Lawyers for both the airline and the Seattle-based Boeing
+Co (BA.N> argued that the suits should be handled in a Japanese
+court, saying it would be more costly and time-consuming to
+hear them in an American court.
+    But lawyers for the victims' survivors said the two
+companies were trying to evade the liability question and
+reduce the amount of compensation they may have to pay.
+    Court officials said the case was likely to go to trial
+here in eight to 10 months.
+    A draft report by a Japanese Transport Ministry
+investigation team said faulty repairs in 1978 by Boeing and
+inadequate inspection by ministry inspectors had contributed to
+the cause of the disaster.
+    The report, obtained by Reuters this week, is expected to
+be made public next month. Boeing has said it will probably not
+comment on the report until it is officially released.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="625" NEWID="16090">
+<DATE>11-APR-1987 03:27:17.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0027&#31;reute
+r f BC-TWO-UTAH-FINANCIAL-IN   04-11 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO UTAH FINANCIAL INSTITUTIONS FAIL</TITLE>
+<DATELINE>    WASHINGTON, April 10 - </DATELINE><BODY>Two Utah financial institutions, the
+Bank of Iron County and Summit Savings and Loan Association,
+have failed, official spokesmen said.
+    The board of directors of the Federal Deposit Insurance
+Corporation (FDIC) has approved the assumption of the deposit
+liabilities of Bank of Iron County, Parowan, Utah, by Dixie
+State Bank, St George, Utah, an FDIC spokesman said.
+    The bank, which had total assets of 20.1 mln dlrs, was the
+first bank in Utah to fail this year and the 59th nationwide.
+    Its three offices will reopen Monday as branches of Dixie
+State Bank and its depositors will automatically become
+depositors of the assuming bank.
+    Dixie State Bank will assume about 19.9 mln dlrs in 6,300
+deposit accounts and will purchase all of the failed bank's
+assets at a discount of 3.575 mln dlrs.
+    The Federal Home Loan Bank Board closed Summit Savings and
+Loan Association, Park City, Utah, and directed the Federal
+Savings and Loan Insurance Corporation (FSLIC) to transfer an
+estimated 116.9 mln dlrs in insured deposits to United Savings
+and Loan Association, Ogden, Utah, an FSLIC spokesman said.
+    Summit, a 120.8 mln dlr institution, was insolvent, the
+spokesman said. The bank board appointed the FSLIC as
+conservator for the association on April 14, 1986.
+    Summit has since operated as part of the bank board's
+Management Consignment Program. United Savings has 205 mln dlrs
+in assets and nine offices in Utah, and one in Idaho.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="626" NEWID="16091">
+<DATE>11-APR-1987 03:36:49.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0030&#31;reute
+r f BC-KUWAIT-INCREASES-STAK   04-11 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT INCREASES STAKE IN SIME DARBY</TITLE>
+<DATELINE>    KUALA LUMPUR, April 11 - </DATELINE><BODY>The Kuwait Investment Office (KIO)
+has increased its stake in &lt;Sime Darby Bhd> to 63.72 mln
+shares, representing 6.88 pct of Sime Darby's paid-up capital,
+from 60.7 mln shares, Malayan Banking Bhd &lt;MBKM.SI> said.
+    Since last November, KIO has been aggressively in the open
+market buying shares in Sime Darby, a major corporation with
+interests in insurance, property development, plantations and
+manufacturing.
+    The shares will be registered in the name of Malayan
+Banking subsidiary Mayban (Nominees) Sdn Bhd, with KIO as the
+beneficial owner.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="627" NEWID="16092">
+<DATE>11-APR-1987 04:06:51.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0032&#31;reute
+r f BC-IMF,-WORLD-BANK-CRITI   04-11 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF, WORLD BANK CRITICAL OF AGRICULTURE PROTECTION</TITLE>
+<DATELINE>    WASHINGTON, April 10 - </DATELINE><BODY>A committee of the International
+Monetary Fund (IMF) and World Bank said protectionist
+agricultural policies of industrial countries were a major
+cause of depressed global commodity prices.
+    The joint Development Committee, in a communique released
+following day-long discussions, said an improved environment
+for commodities was extremely important to the long-term
+viability of developing countries.
+    The committee also criticised the slow-down in lending to
+debtor nations.
+    Poorer countries, which rely primarily on raw commodity
+sales to industrial nations to pay their debts, have been
+highly critical of protectionist agricultural policies in the
+United States, Western Europe and Japan.
+    "Ministers identified protectionist agricultural policies as
+a major cause of distortions including depressed commodity
+prices on world markets, of surplus production and of budgetary
+drain," the communique said.
+    The communique, delayed because of disputes over specific
+language, was the final statement by the IMF and the bank after
+week-long semi-annual meetings of the two lending agencies.
+    Earlier, the IMF's powerful Interim Committee added its
+voice to growing criticism of delays by commercial banks on
+critically needed loan packages for debt-laden developing
+countries.
+    The committee said it welcomed the exploration of new
+procedures and financing techniques that will help mobilise new
+financial support for indebted countries.
+    On Thursday, U.S. Treasury Secretary James Baker, in a
+statement to the policy-making committee, said commercial bank
+lending to debtor nations last year was disappointing and more
+flexibility in loan programs was needed.
+    "Doubts about financing can clearly undermine the resolve to
+carry out needed reforms," Baker said.
+    The Development Committee also joined in the criticism,
+noting that there had been a declining flow of capital to the
+developing countries that "has been particularly significant in
+the case of flows from commercial banks."
+    A number of bank negotiations are bogged down over details
+including financial packages for Mexico, Nigeria and Argentina.
+    The banks, acknowledging it has been difficult to complete
+deals, say part of the blame goes to the developing countries
+for not making sufficient reform to make them good credit
+risks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="628" NEWID="16093">
+<DATE>11-APR-1987 04:25:40.51</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>haiti</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0036&#31;reute
+r f BC-SMUGGLING-BLAMED-FOR   04-11 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMUGGLING BLAMED FOR CLOSURE OF HAITIAN SUGAR FIRM</TITLE>
+<DATELINE>    PORT-AU-PRINCE, April 11 - </DATELINE><BODY>A sugar mill which was this
+nation's second largest employer closed its doors yesterday,
+saying it had been run out of business by sugar smuggled from
+Miami and the neighbouring Dominican Republic.
+    The closure of the Haitian American Sugar Company (HASCO)
+will idle 3,500 employees and affect as many as 30,000 to
+40,000 small sugar cane planters in regions around the capital,
+the company said.
+    "Because of unprecedented and ever-growing smuggling, HASCO
+regrets ... It cannot continue to accept delivery of sugar cane
+after April 10," the mill warned planters earlier this week.
+    Since President Jean-Claude Duvalier fled Haiti fourteen
+months ago, widescale smuggling of basic goods such as cooking
+oil, flour, rice, sugar and canned milk has lowered consumer
+prices but bankrupted several local manufacturers, throwing
+hundreds of thousands of Haitians out of work.
+    At the HASCO compound, where grim-faced workers lined up to
+receive their last pay, Spokesman Georges D. Rigaud showed a
+warehouse stocked with an estimated 445,000 unsold 100-pound
+(45-kg) bags of sugar.
+    "We are closing because of our huge stock of unsold sugar.
+We have no money left to continue operations," Rigaud said.
+    He said the company owed 7.6 mln dlrs and had borrowed an
+additional 1.5 mln dlrs in order to pay off workers.
+    Rigaud blamed the mill's problems on an order by Duvalier
+two years ago forbidding HASCO from refining sugar.
+    He said the government then began importing refined sugar
+at world market prices and reselling it at a huge profit and
+the provisional military-civilian government that replaced
+Duvalier last year continued the policy.
+    "But now with all the smuggling even the state can't compete
+with smuggled Dominican refined sugar," Rigaud said.
+    HASCO workers earned 4.20 dlrs daily, considerably above
+the usual minimum wage of three dlrs.
+    It is generally estimated that every employed Haitian
+supports at least six people. Rigaud said HASCO's closing at a
+minimum would affect 280,000 to 300,000 people.
+    Laid-off workers were bitter about the closure. "We're dead,
+and it's the government that's causing us to die," declared
+Lucien Felix, 34, who has five dependents.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="629" NEWID="16094">
+<DATE>11-APR-1987 04:56:12.21</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0042&#31;reute
+r f BC-TAIWAN-ANNOUNCES-NEW   04-11 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ANNOUNCES NEW ROUND OF IMPORT TARIFF CUTS</TITLE>
+<DATELINE>    TAIPEI, April 11 - </DATELINE><BODY>Taiwan announced plans for another round
+of import tariff cuts on 862 foreign goods shortly before trade
+talks with Washington which officials described as a move to
+help balance trade with the United States.
+    Wang Der-Hwa, Deputy Director of the Finance Ministry's
+Customs Administration Department, told reporters the list of
+products included 60 items asked by Washington.
+    "The move is part of our government efforts to encourage
+imports from our trading partners, particularly from the United
+States," he said.
+    He said the ministry sent a proposal today to the cabinet
+that the tariffs on such products as cosmetics, bicycles,
+apples, radios, garments, soybeans and television sets be cut
+by between five and 50 pct.
+    The cabinet was expected to give its approval next Thursday
+and the new tariff cuts would be implemented possibly starting
+on April 20, he added.
+    Taiwan introduced a sweeping tariff cut on some 1,700
+foreign products last January aimed at helping reduce its
+growing trade surplus with the United States, the island's
+largest trading partner.
+    Washington however was not satisfied with the cuts and
+pressed for more reductions as a way of cutting its huge trade
+deficit with Taipei.
+    Washington's deficit with Taipei rose to a record 13.6
+billion U.S. Dlrs last year from 10.2 billion in 1985. It
+widened to 3.61 billion in the first quarter of 1987 from 2.78
+billion a year earlier, Taiwan's official figures show.
+    Today's announcement came before a departure later today of
+a 15-member Taiwan delegation for Washington for a series of
+trade talks with U.S. Officials.
+    The delegation's leader, Vincent Siew, told reporters last
+night he was leaving with "a heavy heart," meaning that he would
+face tough talks in Washington because of rising protectionist
+sentiments in the U.S. Congress. Taiwan's 1986 trade surplus
+with Washington was the third largest, after Japan and Canada.
+    Siew said the talks, starting on April 14, would cover U.S.
+Calls for Taiwan to open its market to American products,
+purchases of major U.S. Machinery and power plant equipment,
+import tariff cuts and protection of intellectual property.
+    "I am afraid this time we have to give more than take from
+our talks with the U.S.," he said without elaborating.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="630" NEWID="16095">
+<DATE>11-APR-1987 05:22:24.80</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0048&#31;reute
+r f BC-BRITISH-MINISTER-SAYS   04-11 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH MINISTER SAYS HE WARNED TOKYO OF SANCTIONS</TITLE>
+<DATELINE>    LONDON, April 11 - </DATELINE><BODY>A British minister said he had given the
+Japanese government a clear warning of sanctions against
+Japanese companies if Tokyo did not allow more access to its
+internal markets "and it was clearly understood."
+    Corporate Affairs Minister Michael Howard said on his
+return from a visit to Japan he thought the Japanese were
+beginning to appreciate the need to be "fair and open" about
+access to their own markets.
+    At an airport news conference Howard denied opposition
+charges that his trip had been a failure because he had
+returned empty-handed.
+    "I did what I set out to do. I was sent to deliver a clear
+message to the Japanese government, and I delivered it very
+clearly, and it has been clearly understood."
+    Howard said that under the Financial Services Act the
+govenment had considerable flexibility in taking sanctions
+against Japanese companies and finance houses operating in
+Britain.
+    "It is not simply a question of withdrawing or refusing
+operating licences. We can ban firms from certain countries
+from carrying out certain kinds of business, while allowing
+them to carry out other kinds."
+    "I hope we don't have to use these powers, but I made it
+clear in Japan that if our timetable isn't met, we shall use
+them."
+    He said it would be unfortunate if Britain and Japan became
+involved in a tit-for-tat exchange, adding that Japan gained
+more than anyone else from an open trading relationship.
+    "I think they are beginning to appreciate that if this
+relationship is to continue, it is very important for them to
+be fair and open about access to their own markets."
+    On the question of the British firm Cable and Wireless Plc
+&lt;CAWL.L>, which is trying to win a significant share of
+telecommunications contracts in Japan, Howard said he had told
+the Japanese this was being widely regarded as a test case.
+    He said there were signs of movement on the case. Cable and
+Wireless was due to take part in talks in Japan next Tuesday,
+he said.
+    Earlier this week British Prime Minister Margaret Thatcher
+said Britain could not go it alone on sanctions against Japan,
+but would have to coordinate action with its European Community
+partners.
+    Community sources said after a meeting of trade officials
+yesterday that the group might impose steep new tariffs on a
+range of Japanese goods to prevent diversion from United States
+markets if Washington imposes trade sanctions against Tokyo as
+it has threatened.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="631" NEWID="16096">
+<DATE>11-APR-1987 06:53:16.93</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>bahrain</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0057&#31;reute
+r f BC-YIELD-RISES-ON-30-DAY   04-11 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YIELD RISES ON 30-DAY SAMA DEPOSITS</TITLE>
+<DATELINE>    BAHRAIN, April 11 - </DATELINE><BODY>The yield on 30-day Bankers Security
+Deposit Accounts issued this week by the Saudi Arabian Monetary
+Agency (SAMA) rose by more than 1/8 point to 5.95913 pct from
+5.79348 a week ago, bankers said.
+    SAMA decreased the offer price on the 900 mln riyal issue
+to 99.50586 from 99.51953 last Saturday. Like-dated interbank
+deposits were quoted today at 6-3/8, 1/8 pct -- 1/8 point
+higher than last Saturday.
+    SAMA offers a total of 1.9 billion riyals in 30, 91 and
+180-day paper to banks in the kingdom each week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="632" NEWID="16097">
+<DATE>11-APR-1987 07:23:30.81</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0058&#31;reute
+r f BC-UGANDA-PULLS-OUT-OF-C   04-11 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UGANDA PULLS OUT OF COFFEE MARKET - TRADE SOURCES</TITLE>
+<DATELINE>    KAMPALA, April 11 - </DATELINE><BODY>Uganda's Coffee Marketing Board (CMB)
+has stopped offering coffee on the international market because
+it is unhappy with current prices, coffee trade sources said.
+    The board suspended offerings last week but because of its
+urgent need for cash it was not immediately clear how long it
+could sustain, the sources added.
+    Hundreds of Ugandan coffee farmers and processors have been
+waiting several months for payment from the CMB, which has had
+trouble finding enough railway wagons to move the coffee to the
+Kenyan port of Mombasa.
+    Foreign banks have contributed to the cash crisis by
+holding up remittance of Uganda's hard currency earnings from
+coffee exports, the government newspaper New Vision said.
+    The banks are holding up to seven mln dlrs in coffee money
+and President Yoweri Museveni is thinking of imposing a penalty
+for such delays, it added.
+    Banking sources said a third factor in the crisis was that
+commercial banks have lent the board only 77 billion shillings
+-- the equivalent of 55 mln dlrs -- for crop finance in the
+current coffee year, while the government had asked for 100
+billion.
+    The CMB has 455,000 60-kg bags of coffee, about 15 pct of
+annual production, stockpiled in Kampala awaiting shipment.
+    The crop accounts for over 90 pct of Uganda's export
+earnings and the recent slide in prices to four-year lows is
+likely to more than offset an expected increase in production.
+    CMB officials have forecast that because the government has
+restored law and order in important growing areas, Uganda will
+produce over three mln bags of coffee in the year ending
+September 30, about 25 pct more than in 1985/6.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="633" NEWID="16098">
+<DATE>11-APR-1987 07:27:24.99</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0066&#31;reute
+u f BC-W.GERMAN-COCOA-GRIND   04-11 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>W.GERMAN COCOA GRIND UP 2.9 PCT IN FIRST QUARTER</TITLE>
+<DATELINE>    HAMBURG, April 11 - </DATELINE><BODY>The West German cocoa grind rose 2.9
+pct to 55,190 tonnes in the first quarter of 1987 from 53,643
+tonnes in the same quarter of of 1986, the Bonn-based
+Confectionery Industry Association said in a statement.
+ REUTER TAW
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="634" NEWID="16099">
+<DATE>11-APR-1987 07:34:49.42</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>rice</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0067&#31;reute
+r f BC-DRY-SPELL-IN-PHILIPPI   04-11 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRY SPELL IN PHILIPPINES DAMAGES AGRICULTURE CROPS</TITLE>
+<DATELINE>    MANILA, April 11 - </DATELINE><BODY>A prolonged dry spell has damaged
+111,350 hectares of rice and corn plantations in 10 provinces
+in the central and southern Philippines, agriculture officials
+said.
+    They said some 71,070 tonnes of agricultural produce
+estimated at about 250 mln pesos was lost to the lack of
+rainfall. They warned of a severe drought if the prevailing
+conditions continued until next month.
+    Agriculture Secretary Carlos Dominguez said he hoped the
+losses would be offset by the expected increase in output in
+other, normally more productive areas not affected by the dry
+spell.
+    Affected were 14,030 hectares of palay (unmilled rice),
+representing a production loss of 22,250 tonnes valued at 77.8
+mln pesos, Department of Agriculture reports said.
+    About 48,820 tonnes of corn from 97,320 hectares valued at
+170.8 mln pesos have also been lost, they said.
+    Officials said the hectarage planted to palay that has been
+hit by the drought accounted for only one pct of national total
+thus the damage is considered negligible.
+    In the case of corn, they said the loss can be filled by
+production from non-traditional corn farms which diversified
+into the cash crop from sugar two years ago.
+     The Philippine Coconut Authority said coconut production
+in the major producing region of Bicol might drop by 25 pct to
+320,000 tonnes if the dry spell continued. There were no
+reports of actual damage.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="635" NEWID="16100">
+<DATE>11-APR-1987 07:39:40.51</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0070&#31;reute
+r f BC-SPANISH-UNEMPLOYMENT   04-11 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH UNEMPLOYMENT FALLS SLIGHTLY IN MARCH</TITLE>
+<DATELINE>    MADRID, April 11 - </DATELINE><BODY>Spain's registered unemployment fell by
+10,465 people to 2.97 mln or 21.4 pct of the workforce in
+March, Labour Ministry figures show.
+    Registered unemployment in February was 2.98 mln people, or
+21.5 pct of the workforce.
+    The figures were nonetheless higher than those for March
+1986 -- 2.8 mln people and 21 pct of the workforce.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="636" NEWID="16101">
+<DATE>13-APR-1987 00:02:38.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0003&#31;reute
+u f BC-MITSUBISHI-ELECTRIC-T   04-13 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI ELECTRIC TO SUPPLY PROCESSORS TO UNISYS</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>Mitsubishi Electric Corp &lt;MIET.T> said it
+is nearing an agreement with Unisys Corp &lt;UIS> of the U.S. To
+supply central processing units for a medium-sized Unisys
+mainframe computer planned to succeed the System 80.
+    A Mitsubishi Electric official declined to say how many
+processors would be involved, but said there are no plans to
+market the new Unisys computer in Japan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="637" NEWID="16102">
+<DATE>13-APR-1987 00:04:04.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0004&#31;reute
+u f BC-CANON,-INTEL-AGREE-ON   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANON, INTEL AGREE ON MICROCHIP TIE-UP</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>Canon Inc &lt;CANN.T> and Intel Corp &lt;INTC>
+of the U.S. Agreed to the joint development, production and
+import of very large scale integrated circuits, a Canon
+spokesman said.
+    He told Reuters Intel will make the chips and Canon will
+import them for use in for use in photocopiers, printers and
+facsimiles to be made and sold in Japan. Canon, which last week
+made a similar pact with National Semiconductor Corp &lt;NSM>,
+plans to raise its ratio of microchip imports this year to 28
+pct from 24 pct last year to take advantage of the yen's rise
+and help quell mounting trade friction, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="638" NEWID="16103">
+<DATE>13-APR-1987 00:06:20.19</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0006&#31;reute
+u f BC-HUNGARY-RAISES-PRICES   04-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNGARY RAISES PRICES IN EFFORT TO CURB DEFICIT</TITLE>
+<DATELINE>    BUDAPEST, April 13 - </DATELINE><BODY>Hungary has announced sharp price
+increases for a range of food and consumer products as part of
+its efforts to curb a soaring budget deficit.
+    The official MTI news agency said the government decided
+consumer price subsidies had to be cut to reduce state
+spending. From today the price of meat will rise by an average
+18 pct and that of beer and spirits by 10 pct, MTI said.
+    MTI said consumer goods will also become more expensive,
+with the price of refrigerators rising some five pct. It also
+announced a number of measures to ease hardship, including
+higher pensions and family allowances.
+    Statistics indicate the budget deficit tripled in 1986 to
+47 billion forints. Central banker Janos Fekete has said the
+Finance Ministry is trying to cut the 1987 shortfall to between
+30 and 35 billion from a planned 43.8 billion.
+    A major tax reform, including the introduction of a
+Western-style valued added tax, is planned for January 1988 in
+an effort to cure problems in state spending.
+    But diplomats said the latest announcement shows the
+authorities were forced to act quickly to keep this year's
+deficit under control.
+    The measures are also aimed at cooling an overheated
+economy, and could help dampen Hungarians' appetite for
+imported Western goods which consume increasingly expensive
+hard currency, the diplomats said.
+    The diplomats also said, however, that they did not expect
+the kind of social unrest that followed sharp price rises in
+other East Bloc states, notably Poland.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="639" NEWID="16104">
+<DATE>13-APR-1987 00:49:30.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0023&#31;reute
+f f BC-TOKYO-STOCKMARKET-IND   04-13 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TOKYO STOCKMARKET INDEX PLUNGES 427.48 TO 22,789.11 AT 1343 LOCAL TIME - BROKERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="640" NEWID="16105">
+<DATE>13-APR-1987 01:05:22.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0027&#31;reute
+b f BC-TOKYO-STOCKS-PLUNGE-I   04-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO STOCKS PLUNGE IN MIDDAY TRADE</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>Tokyo's stockmarket index plunged sharply
+at the start of afternoon trade as investors took profits from
+last week's four straight record closes, brokers said.
+    The market index fell 427.48 points to 22,789.11 only 13
+minutes after afternoon trading began at 13:30 local time.
+    Brokers said concern over weekend announcements of mounting
+trade tension with Europe and the U.S. Sparked the heavy
+selloff.
+    The average had risen 630.48 points in the last four
+trading sessions of last week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="641" NEWID="16106">
+<DATE>13-APR-1987 01:14:41.80</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0033&#31;reute
+f f BC-BANK-OF-JAPAN-ACTIVEL   04-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF JAPAN ACTIVELY BUYING DOLLARS AT AROUND 142.20 YEN IN TOKYO - DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="642" NEWID="16107">
+<DATE>13-APR-1987 01:15:24.76</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>pakistan</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0034&#31;reute
+u f BC-CHINA-WANTS-TO-BUY-5,   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA WANTS TO BUY 5,000 TONNES PAKISTANI COTTON</TITLE>
+<DATELINE>    KARACHI, April 12 - </DATELINE><BODY>China is negotiating with Pakistan to
+buy 5,000 tonnes of cotton this year, after importing the same
+amount last year under a barter agreement, Chinese consulate
+sources said.
+    Chinese ambassador Tian Ding told a meeting of Pakistani
+industrialists on Thursday that China intended to increase
+imports from Pakistan to reduce a trade imbalance.
+    Pakistani officials estimate the country's cotton output
+from the current crop at a record 7.6 mln bales (375 pounds
+each). Last year's output totalled 7.2 mln bales and domestic
+consumption was just below three mln bales, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="643" NEWID="16108">
+<DATE>13-APR-1987 01:16:21.23</DATE>
+<TOPICS><D>bop</D><D>gnp</D><D>cpi</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0035&#31;reute
+u f BC-AUSTRALIAN-GOVERNMENT   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN GOVERNMENT MUST CUT SPENDING, ANZ SAYS</TITLE>
+<DATELINE>    SYDNEY, April 13 - </DATELINE><BODY>The government must announce harsh cuts
+in spending in its May 14 economic statement if it is to give
+an adequate response to Australia's economic problems, the ANZ
+Banking Group Ltd &lt;ANZA.S> said.
+    Cuts of two billion dlrs would be insufficient against the
+backdrop of a 12 billion dlr government deficit and a 14
+billion dlr current account deficit, it said in its monthly
+Business Indicators publication.
+    "For the past two years, the government has struggled with
+an economic reality that demands measures beyond those which it
+sees as politically practicable," it said.
+    The political climate meant there would be a continued
+over-reliance on monetary policy to hold the exchange rate and
+maintain confidence in economic management, ANZ said.
+    "The cost of this approach is that the much-needed revival
+of business investment will be further postponed," it said.
+    The economy was now on a modest growth upswing boosted by
+export and import-replacement industries which had created a
+false suggestion that the worst adjustments to the balance of
+payments crisis were past. "Unfortunately, successful adjustment
+to Australia's deep-seated economic problems remains a
+long-term process," it said.
+    In its economic forecasts, ANZ said it expected moderate
+overall economic growth with gross domestic product (GDP)
+rising 2.7 pct this year and 2.4 pct in 1988.
+    The current account deficit would narrow to five pct of GDP
+this year and 4.3 pct in 1988 and net foreign debt would grow
+strongly from 81 billion at the end of 1986 to 97.2 billion at
+end-1987 and 110.3 billion a year later.
+    Inflation would fall to 8.5 pct in 1987 and 7.5 pct in 1988
+from 8.9 pct in 1986 and further falls in real wages were
+expected, ANZ said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="644" NEWID="16109">
+<DATE>13-APR-1987 01:22:34.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0039&#31;reute
+u f BC-BELL-RESOURCES-TO-ISS   04-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL RESOURCES TO ISSUE WARRANTS ON BHP GOLD MINES</TITLE>
+<DATELINE>    PERTH, April 13 - </DATELINE><BODY>Bell Resources Ltd &lt;BLLA.S> said it will
+raise about 50.8 mln dlrs by issuing 135.6 mln warrants at 37.5
+cents each, entitling the holder to take up shares in BHP Gold
+Mines Ltd &lt;BHPG.ME> at 1.60 dlrs each on or before December 15,
+1987.
+    The non-renounceable entitlement will be on the basis of
+one-for-three to holders of Bell Resources fully-paid shares
+and convertible preference shares registered on May 6, the
+company said in a statement. Other ratios will be one-for-five
+for partly paid Series A shares, one-for-eight for partly-paid
+Series B and C shares and one-for-10 for 1987 options.
+    Bell said the security is similar in concept to the
+warrants on the shares of BHP Gold Mine's parent company, The
+Broken Hill Pty Co Ltd &lt;BRKN.ME> (BHP), launched by Bell about
+one year ago.
+    BHP is currently floating BHP Gold Mines, the vehicle for
+its gold interests in Australia and other countries.
+    The Bell Group Ltd will not take up its entitlement to the
+BHP Gold Mines warrants, but the family companies of its
+chairman Robert Holmes a Court will, Bell said.
+    The warrants will be listed and stockbroker McCaughan Dyson
+and Co Ltd is underwriting the issue.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="645" NEWID="16110">
+<DATE>13-APR-1987 01:23:00.59</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0040&#31;reute
+u f BC-ELECTROLYTIC-REFINING   04-13 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROLYTIC REFINING LOWERS COPPER PRICE</TITLE>
+<DATELINE>    MELBOURNE, April 13 - </DATELINE><BODY>The Electrolytic Refining and
+Smelting Co of Australia Pty Ltd said it lowered its ex-works
+Port Kembla Refinery Copper Price by 20 dlrs to 2,160 dlrs a
+tonne, effective today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="646" NEWID="16111">
+<DATE>13-APR-1987 01:28:17.44</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0042&#31;reute
+b f BC-JAPAN-CENTRAL-BANK-AC   04-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CENTRAL BANK ACTIVELY BUYS DOLLARS IN TOKYO</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>The Bank of Japan actively bought dollars
+here in early afternoon trade at around 142.20 yen, dealers
+said.
+    The central bank had placed buy orders at that level and
+prevented the dollar from falling when it came under heavy
+selling pressure from investment trusts and trading houses,
+they said.
+    However, the intervention failed to boost the U.S. Currency
+significantly from the 142.20 yen level, they added.
+    The dollar was trading around its midday rate of 142.30
+yen. It had opened here at 141.85 yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="647" NEWID="16112">
+<DATE>13-APR-1987 01:35:42.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0051&#31;reute
+u f BC-TEXACO-SEES-BUSINESS   04-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO SEES BUSINESS LITTLE HIT BY BANKRUPTCY MOVE</TITLE>
+<AUTHOR>    By Julie Vorman, Reuters</AUTHOR>
+<DATELINE>    HOUSTON, April 13 - </DATELINE><BODY>Texaco Inc &lt;TX> said its decision to
+file for protection under Chapter 11 of the U.S. Bankruptcy
+code will not affect the majority of its businesses.
+    It said its subsidiaries, which account for 96 pct of its
+32.6 billion dlrs in revenues and 79 pct of its net property,
+plant and equipment, were free of the action.
+    Only parent holding company, Texaco Inc, and operating
+subsidiaries, Texaco Capital Inc and Texaco Capital N.V, are
+affected, it said.
+    But the company said it was likely to suspend its 75 cents
+per share quarterly common stock dividend and halt repayments
+on debts of some 6.8 billion dlrs.
+    Texaco said it filed for Chaper 11 because suppliers were
+demanding cash payments and banks were withholding loans as a
+result of a legal dispute with Pennzoil Co &lt;PZL>.
+    Texaco is fighting a Texas law requiring it to post a bond
+of more than 10 billion dlrs before it can appeal a 1985
+judgment that ruled it illegally interfered with Pennzoil's
+1984 acquisition of Getty Petroleum Corp &lt;GTY>. The bond almost
+matches the damages awarded against Texaco.
+    Should Texaco fail to place the bond, Pennzoil could begin
+to attach its assets to secure the judgment.
+    Last Monday, the Supreme Court overturned a decision to cut
+Texaco's bond to one billion dlrs, and sent the issue back to
+the Texas courts.
+    Analysts said the bankruptcy filing effectively froze all
+Texaco's obligations while it continued to appeal the merits of
+the Pennzoil lawsuit.
+    "Attempts last week to win a compromise on both the bond
+issue and the larger dispute failed," James Kinnear, Texaco's
+president and chief executive officer, told reporters.
+    Kinnear said Pennzoil's disclosure in court papers on
+Friday that it wanted to extend the bond issue hearing until
+the end of April, pushed Texaco further towards Chapter 11.
+    Pennzoil had asked Texaco to post a 5.6 billion dlr cash
+bond and to reduce its dividend to not more than 50 pct of
+earnings. Pennzoil also wanted assurances that Texaco would not
+sell any assets, Kinnear said.
+    Texaco offered to put up one billion dlrs in a letter of
+credit and agreed not to let the value of its assets fall under
+11.1 billion dlrs, he added.
+    Joseph Jamail, a Houston attorney for Pennzoil, said the
+company had made its latest settlement offer to Texaco on
+Saturday and was taken by surprise when Texaco filed for
+bankruptcy.
+    He declined to reveal the amount of the proposal, citing a
+confidentiality agreement between the two companies. "Texaco
+told us they would get back to us but instead they chose to go
+to bankruptcy court," Jamail said.
+    Attorneys for Pennzoil said they believed the company would
+prevail in court appeals, adding that Texaco's assets were
+ample ultimately to pay the Pennzoil judgment in full.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="648" NEWID="16113">
+<DATE>13-APR-1987 01:48:48.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0063&#31;reute
+u f BC-U.S.-AUTO-UNION-WILL   04-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AUTO UNION WILL FIGHT TO STOP JOB/WAGE CUTS</TITLE>
+<DATELINE>    CHICAGO, April 12 - </DATELINE><BODY>The United Auto Workers union (UAW)
+vowed to fight wage and job cuts in a round of labour talks
+starting in July that cover nearly 500,000 workers at General
+Motors Corp &lt;GM> and Ford Motor Co &lt;F>.
+    "The UAW doesn't go around picking fights, but we don't run
+away from them when they're forced on us ... We want peace, but
+peace comes at a price," union president Owen Bieber said.
+    "And if it's war, the UAW will be ready for it," he said, in
+an address to 3,000 union leaders at the start of a four-day
+special convention.
+    He said the Detroit carmakers had turned their backs on
+America by the increasing use of imports that cost U.S. Jobs.
+    He said the union was ready to strike for "job and income
+guarantees," bans on shifting production to foreign and other
+non-union sources, and increases in pay and profit-sharing.
+    GM, under pressure from declining sales and profits, has
+said this year's talks will be difficult because it wants to
+limit wage rises and shed parts-manufacturing operations
+considered uncompetitive.
+    Contracts at both companies expire at midnight on September
+14.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="649" NEWID="16114">
+<DATE>13-APR-1987 01:53:38.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0065&#31;reute
+u f BC-N.Z.-PLANS-EIGHT-250   04-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. PLANS EIGHT 250 MLN DLR 1987/88 BOND TENDERS</TITLE>
+<DATELINE>    WELLINGTON, April 13 - </DATELINE><BODY>Finance Minister Roger Douglas said
+eight bond tenders of 250 mln dlrs each are planned for the
+year ending March 1988.
+    Douglas said in a statement the June quarter borrowing
+program will not include a May tender, but a 250 mln dlr tender
+will be held on June 11.
+    Overfunding in 1986/87 has removed the need for a May
+tender, he said.
+    Preliminary estimates put net public sector injections for
+1987/88 year at 2.1 billion dlrs.
+    The fiscal deficit for 1987/88 is forecast at 2.2 billion
+dlrs compared with a forecast of 2.45 billion for 1986/87 and
+1.87 billion a year earlier.
+    However, Douglas said the 1987/88 estimate is subject to
+uncertainties over the results of pre-budget spending reviews
+and tax forecasts and over the effect the program of
+"corporatising" certain government departments will have on
+liquidity.
+    Douglas said whatever the outcome of these influences the
+net public sector injections will continue to be fully funded
+on a fiscal year basis.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="650" NEWID="16115">
+<DATE>13-APR-1987 02:00:16.84</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0068&#31;reute
+u f BC-paton-roastings   04-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PATON REPORTS U.S. GREEN COFFEE ROASTINGS HIGHER</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>U.S. roastings of green coffee in the
+week ended April 4 were about 275,000 (60-kilo) bags, including
+that used for soluble production, compared with 215,000 bags in
+the corresponding week of last year and about 320,000 bags in
+the week ended March 28, George Gordon Paton and Co Inc
+reported.
+    It said cumulative roastings for calendar 1987 now total
+4,440,000 bags, compared with 4,540,000 bags by this time last
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="651" NEWID="16116">
+<DATE>13-APR-1987 02:03:38.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>asx</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0070&#31;reute
+u f BC-AUSTRALIAN-STOCKS-CLO   04-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN STOCKS CLOSE AT RECORD LEVELS</TITLE>
+<DATELINE>    SYDNEY, April 13 - </DATELINE><BODY>Australian share markets closed at
+record levels for the seventh consecutive session as strong
+overseas interest in gold stocks pushed the market higher,
+brokers said.
+    They said heavy trading in gold stocks in London on Friday
+night provided the impetus for the local market.
+    At the close of trading the all ordinaries index was 11.6
+points higher above Friday's previous record close at 1,799.0,
+while the gold index had risen 176.8 points or 5.2 pct to a
+record 3,562.1.
+    The all resources index added 23.9 points to 1,164.3 but
+the all industrials index dropped 4.8 points to 2,631.9.
+    National turnover was a high 228 mln shares worth 525 mln
+dlrs with rises outnumbering falls by four to three.
+    Western Mining continued its run, jumping 1.04 dlrs to a
+record 10.30. Poseidon gained 3.00 to 16.00, Sons of Gwalia 90
+cents to 16.50 and Kidston 50 to 9.00.
+    Placer Pacific rose 25 cents to 3.95 dlrs, Elders Resources
+17 to 3.20, CRA 36 to 8.70 and MIM 19 to 3.35.
+    Market turnover was boosted substantially by the inclusion
+of about 180 mln dlrs in Australian Consolidated Minerals
+shares, understood to represent the sale of Western Mining's
+holding, brokers said. ACM shares finished 30 cents down at
+8.40 dlrs.
+    Resources leader BHP closed 15 down at 11.40 in quiet
+trading while Bell Resources rose eight to 5.70. Elders IXL
+lost 10 to 4.75.
+    With most investors concentrating on mining stocks,
+industrial stocks took a back seat.
+    TNT dropped 10 cents to 4.75 dlrs and News Corp recovered
+to be steady at 23.00 after being down most of the day. ANZ
+Bank dropped 10 to 5.60 and National four to 5.46.
+    In the oil and gas sector Santos dropped 26 to 5.00 and
+Bridge eight to 1.40, but Genoa gained 25 to 3.05.
+    June share price index futures staged a late rally and
+finished 24.0 points higher at 1,824.0.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="652" NEWID="16117">
+<DATE>13-APR-1987 02:05:55.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0071&#31;reute
+u f BC-WESTERN-MINING-SELLS   04-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN MINING SELLS ACM STAKE</TITLE>
+<DATELINE>    MELBOURNE, April 13 - </DATELINE><BODY>Western Mining Corp Holdings Ltd
+&lt;WMNG.S> (WMC) said it sold its entire holding of 22.13 mln
+shares in the gold mining company &lt;Australian Consolidated
+Minerals Ltd> (ACM).
+    WMC gave no details, but stockbrokers said the sale was
+made at eight dlrs a share on Friday to a number of U.S.,
+European and Australian investors through WMC's usual brokers.
+    The company purchased the 19.9 pct parcel in early March
+from Amax Inc &lt;AMX.N> at 6.32 dlrs a share ahead of a
+one-for-three bonus issue when Amax sold its entire 47 pct
+stake in ACM to a number of local companies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="653" NEWID="16118">
+<DATE>13-APR-1987 03:07:45.33</DATE>
+<TOPICS><D>trade</D><D>wpi</D><D>cpi</D><D>income</D><D>retail</D></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE><D>mikulic</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0102&#31;reute
+u f BC-YUGOSLAV-ECONOMY-WORS   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAV ECONOMY WORSENED IN 1986, BANK DATA SHOWS</TITLE>
+<DATELINE>    BELGRADE, April 13 - </DATELINE><BODY>National Bank economic data for 1986
+shows that Yugoslavia's trade deficit grew, the inflation rate
+rose, wages were sharply higher, the money supply expanded and
+the value of the dinar fell.
+    The trade deficit for 1986 was 2.012 billion dlrs, 25.7 pct
+higher than in 1985. The trend continued in the first three
+months of this year as exports dropped by 17.8 pct, in hard
+currency terms, to 2.124 billion dlrs.
+    Yugoslavia this year started quoting trade figures in
+dinars based on current exchange rates, instead of dollars
+based on a fixed exchange rate of 264.53 dinars per dollar.
+    Yugoslavia's balance of payments surplus with the
+convertible currency area fell to 245 mln dlrs in 1986 from 344
+mln in 1985. The National Bank said the drop was due to a
+deterioration in trade. Exports to the convertible currency
+area rose 11.6 pct from 1985, while imports rose 17.8 pct.
+    Retail prices rose an average of 88.1 pct in 1986 while
+industrial producer prices rose by 70.6 pct, the bank's data
+showed. The cost of living rose by 89.1 pct.
+    Personal incomes rose by 109 pct in 1986.
+    Prime Minister Branko Mikulic warned in February that wages
+were too high given the level of productivity.
+    Mikulic introduced a law cutting wages to the level of the
+last quarter of 1986 and tying future rises to productivity.
+    Bank statistics show the overall 1986 rise in M-1 money
+supply was 109.1 pct with a year-end position of 3,895.9
+billion dinars. Yugoslavs have 9.8 billion dlrs worth of
+foreign currency savings in the country and 20 billion dlrs
+abroad, mostly owned by workers employed in western Europe.
+    The dinar fell by 73.1 pct against a basket of hard
+currencies in 1986. The highest depreciation was against the
+Swiss franc, 85.3 pct, and the lowest against the U.S. Dollar,
+46.2 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="654" NEWID="16119">
+<DATE>13-APR-1987 03:11:17.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0107&#31;reute
+b f BC-ANZ-BANK-SETS-ONE-FOR   04-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANZ BANK SETS ONE-FOR-TWO BONUS ISSUE</TITLE>
+<DATELINE>    MELBOURNE, April 13 - </DATELINE><BODY>Australia and New Zealand Banking
+Group Ltd &lt;ANZA.S> said it will make a one-for-two bonus issue
+from its asset revaluation reserve to shareholders registered
+June 2.
+    The proposed bonus and an increase in authorised capital to
+one billion one-dlr par shares from 600 mln will be put to
+shareholders for approval at an extraordinary general meeting
+on May 26, the ANZ said in a statement.
+    The issue will absorb about 230 mln dlrs of the 260.9 mln
+standing in the asset revaluation reserve, it said.
+    The bank said that by lowering the dividend rate it expects
+to maintain the value of dividend payout on the enlarged
+capital at about the level of its last full year ended
+September 30. The group paid 31 cents a share and 133.1 mln
+dlrs in all for that year.
+    Shareholders will also be asked to approve changes in the
+bank's articles of association to allow it to offer shares in
+lieu of the interim dividend at a discount of five pct to the
+market price.
+    The group is the latest to announce a tax-free bonus issue
+ahead of dividend imputation, effective July 1.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="655" NEWID="16120">
+<DATE>13-APR-1987 03:11:28.04</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0108&#31;reute
+u f BC-UAE-CENTRAL-BANK-CD-Y   04-13 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE CENTRAL BANK CD YIELDS RISE</TITLE>
+<DATELINE>    ABU DHABI, April 13 - </DATELINE><BODY>Yields on certificates of deposit
+(CD) offered by the United Arab Emirates Central Bank were
+higher than last Monday's offering, the bank said.
+    The one-month CD rose 1/4 point to 6-3/8 pct, while the
+two, three and six-month maturities rose 5/16 point each to
+6-7/16, 6-1/2 and 6-5/8 pct respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="656" NEWID="16121">
+<DATE>13-APR-1987 03:14:22.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0112&#31;reute
+u f BC-CHINESE-HOTEL-RAISES   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINESE HOTEL RAISES 21 MLN DLR LOAN</TITLE>
+<DATELINE>    HONG KONG, April 13 - </DATELINE><BODY>A tourist hotel in Suzhou, Jiangsu
+province, is raising a 21 mln U.S. Dlr loan to cover its
+construction cost, lead manager &lt;DnC Ltd> said.
+    The loan for the Suzhou Aster Hotel will mature in 10 years
+and is guaranteed by the provincial investment arm &lt;Jiangsu
+International Trust and Investment Corp>. The terms were not
+revealed. The loan, to be signed by the end of the month, will
+be provided by a number of banks on a club basis.
+    The hotel is being developed on a contractual joint venture
+basis between an unnamed Hong Kong Chinese investor and Suzhou
+municipal entities.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="657" NEWID="16122">
+<DATE>13-APR-1987 03:16:30.50</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0117&#31;reute
+u f BC-CHINA-SULPHUR-IRON-MI   04-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA SULPHUR-IRON MINE STARTS PRODUCTION</TITLE>
+<DATELINE>    PEKING, April 13 - </DATELINE><BODY>China's largest sulphur-iron mine has
+started trial production at Yunfu in the southern province of
+Guangdong, the China Daily said.
+    It said the mine has an annual output capacity of three mln
+tonnes of sulphur-iron ore, which can be used without
+processing because of its high quality.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="658" NEWID="16123">
+<DATE>13-APR-1987 03:26:33.29</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>china</D><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0127&#31;reute
+u f BC-CHINA,-CHILE-TO-BUILD   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA, CHILE TO BUILD COPPER TUBE PLANT IN CHINA</TITLE>
+<DATELINE>    PEKING, April 13 - </DATELINE><BODY>China's state-owned Beijing Non-Ferrous
+Metals Industrial Corp and &lt;Wrought Copper Ltd> of Chile signed
+a contract to jointly build a copper tube plant on the
+outskirts of Peking, the China Daily said.
+    The Beijing-Santiago Copper Tube Co involves an investment
+of 9.93 mln dlrs and will, on completion, have a production
+capacity of 5,000 tonnes of copper tubes a year, it said.
+    It said Chile will supply copper at preferential rates to
+the venture, whose equipment comes from &lt;Wednesbury Tube Co> of
+U.K.
+    The agreement calls for joint Sino-Chilean management of
+the venture for 15 years, the paper said.
+    It said the venture is the first economic cooperation
+project between China and Chile, but gave no more details.
+    China is a major copper importer. Customs figures show it
+imported 171,118 tonnes of copper and alloy in calendar 1986,
+down from 355,652 tonnes in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="659" NEWID="16124">
+<DATE>13-APR-1987 03:32:56.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>hong-kong</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0137&#31;reute
+u f BC-SAS-UNIT,-SKANSKA-IN   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAS UNIT, SKANSKA IN CHINA HOTEL JOINT VENTURE</TITLE>
+<DATELINE>    HONG KONG, April 13 - </DATELINE><BODY>The &lt;Scandinavian Airlines System>'s
+SAS International Hotels unit and Skanska AB &lt;SKBS.ST> of
+Sweden are raising a 37 mln U.S. Dlr loan for their joint
+venture hotel in China, loan lead manager DnC Ltd said.
+    It said the loan will finance part of the cost of the 46
+mln dlr SAS Grand Hotel Beijing in the Chinese capital. The
+three other lead managers are DnC's parent company Den norske
+Creditbank, Scandinavian Far East Ltd and its parent
+Skandinaviska Enskilda Banken.
+    Terms of the loan are being finalised and syndication is
+expected to begin in about one month, DnC Ltd said.
+    The recipient of the loan will be SAS Grand Hotel Beijing
+Joint Venture Co Ltd, which is owned 50 pct by the China
+International Exhibition Centre and 50 pct by the two Swedish
+firms.
+    Skanska will be responsible for the construction and SAS
+International Hotels for the management of the hotel, which is
+part of the International Exhibition Centre complex.
+    Construction of the 400-room hotel will start after the
+loan is signed. It is due to be opened in late 1989.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="660" NEWID="16125">
+<DATE>13-APR-1987 03:36:32.99</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0143&#31;reute
+u f BC-SINGAPORE-EXTERNAL-TR   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE EXTERNAL TRADE GAINS 8.8 PCT IN QUARTER</TITLE>
+<DATELINE>    SINGAPORE, April 13 - </DATELINE><BODY>Singapore's external trade grew 8.8
+pct in first quarter 1987, against a 12.4 pct decline in the
+same period last year and two pct growth in the previous
+quarter, the Trade Development Board said.
+    It said exports over the period rose by 8.7 pct to 12.38
+billion dlrs and imports by 8.9 pct to 14.64 billion for a
+trade deficit of 2.26 billion, against a 2.06 billion deficit
+in the same 1986 period and 1.78 billion deficit previously.
+    The growth was attributed to the strength of non-oil trade,
+especially computers and computer parts, electronic components
+and garments, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="661" NEWID="16126">
+<DATE>13-APR-1987 03:45:13.43</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0160&#31;reute
+u f BC-MALAYSIA'S-1986-MANUF   04-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA'S 1986 MANUFACTURING EXPORTS RISE 24 PCT</TITLE>
+<DATELINE>    KUALA LUMPUR, April 13 - </DATELINE><BODY>Malaysia's manufacturing exports
+rose by 24.5 pct to 15.1 billion ringgit in 1986, chairman of
+the Export Promotion Council Ahmad Sarji Abdul Hamind said.
+    The improved export performance was led by electrical and
+electronic products, textiles, footwear, clothing, processed
+food, timber, chemical and rubber products, he told a news
+conference.
+    However, total gross exports for the year declined by 5.6
+pct to 35.9 billion ringgit from 38 billion in 1985 due to a
+fall in major commodity exports and weak prices, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="662" NEWID="16127">
+<DATE>13-APR-1987 03:49:40.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0165&#31;reute
+u f BC-SLIGHT-DROP-IN-PHILIP   04-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SLIGHT DROP IN PHILIPPINE TREASURY BILL RATES</TITLE>
+<DATELINE>    MANILA, April 13 - </DATELINE><BODY>Rates for five billion pesos worth of
+Philippine Treasury bills eased slightly at Friday's auction,
+with tenders totaling 13.94 billion, the Central Bank said.
+    It said 1.3 billion pesos of 91-day bills averaged 11.249
+pct, down from 11.743 pct the previous week, 1.6 billion of
+182-day bills averaged 12.473 pct against 12.847 pct, and 2.1
+billion of 364-day bills averaged 14.029 pct against 14.233.
+    The bank said there would be no auction this week because
+of the Easter holiday.
+    It also said T-bills and three-year T-note auctions totaled
+61.1 billion pesos in the first quarter of 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="663" NEWID="16128">
+<DATE>13-APR-1987 04:00:17.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>liffe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0173&#31;reute
+u f BC-GERMAN-CAPITAL-MARKET   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN CAPITAL MARKET LIBERALIZATION STALLS</TITLE>
+<AUTHOR>    By Alice Ratcliffe, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, April 13 - </DATELINE><BODY>West Germany's capital market
+liberalization program has stalled and bankers are worried it
+may take years for further reforms to be completed.
+    Liberalization got underway in May 1985 when foreign banks
+received Bundesbank permission to lead-manage mark eurobonds.
+    Further moves included introduction of mark-denominated
+certificates of deposit last year. But other changes, including
+revisions in the domestic options market and introduction of
+futures contracts, need lengthy statutory changes and this may
+take years, bankers and dealers say.
+    Deutsche Bank AG co-chairman F. Wilhelm Christians called
+last week for an enlargement of current capital market
+instruments to include instruments already standard abroad.
+    He said these are needed especially when prices fall,
+citing declines in West German share prices in the first two
+months of this year when stock indices fell about 20 pct.
+    Others are more blunt. Securities dealers say the lack of
+viable hedging instruments for shares and bonds makes trading
+in domestic markets too risky.
+    "We need a stock index futures contract, and a futures
+contract for recent government bonds," one dealer said.
+    West Germany now has options contracts on about five pct of
+shares and bonds traded on exchanges here, covering only about
+30 pct of the average traded volume, stock market sources said.
+    Options can only be written on the original 14 bonds
+selected when bond options were introduced last April. The most
+recent bond on the list was issued in 1985.
+    There are no futures exchanges in West Germany. German
+banks may participate in futures exchanges through branches
+abroad but these are at least outwardly subject to stringent
+West German rules requiring that every contract be secured on a
+one-by-one basis with a separate hedge, to prevent speculation.
+    Another problem is a lack of liquidity in the existing
+markets, owing to lack of private investor participation.
+    Private individuals and corporations do not engage in
+options trading now due to West Germany's civil and exchange
+laws, which define losses made in futures and options business
+as gambling losses, which investors need not pay back.
+    Options business has been hurt by lack of liquidity from
+pension funds, which currently are forbidden to invest in these
+instruments. But they are to be allowed to enter the business
+soon as the European Community begins to harmonize rules
+governing funds.
+    Manfred Laux, general secretary of the West German mutual
+funds association in Frankfurt, said harmonized rules are to be
+adopted by October 1, 1989 at the latest.
+    The push to adopt new instruments has not been great in the
+past, owing to wide-spread belief they are speculative, which
+gives them a bad name in West Germany. But pressure for their
+introduction here is growing.
+    The start-up of a Swiss futures exchange has some bankers
+considering if a similar exchange would be useful in West
+Germany. They say that without innovations, some business could
+drift to London, which the Bundesbank vehemently opposes.
+    An official at the London International Financial Futures
+Exchange (LIFFE) said the exchange currently has no plans to
+introduce more mark-denominated contracts beyond the existing
+mark-dollar contract. But he said the exchange is studying the
+feasibility of other contracts, including one for three-month
+mark interest rates and possibly a government bond contract.
+    A Bundesbank capital markets expert said the Bundesbank has
+no objections to hedging through futures but any liberalization
+in that sector is still in the early planning stages after
+earlier talks ended two years ago.
+    Considerations about the futures business have been drawn
+out because of the large number of participants involved in
+talks. They include parliament, the Bundesbank, the Federal
+Banking Supervisory Board, eight West German stock exchanges
+and their governing states, and the four West German banking
+associations.
+    Beyond options and futures, other changes being suggested
+include replacing the federal government's current bond
+consortium with an auction procedure similar to one being
+considered in the U.K. And already in practice in the U.S.
+    This would upset the existing market order providing German
+and foreign banks in the consortium with fixed quotas but it
+would eliminate the misallocations some bankers say presently
+arise within the fixed consortium quota system.
+    In addition, some bankers would like the method of bond
+trading on the West German stock exchange changed to a system
+of continuous price-setting from the current system in which
+every bond price is fixed once a day.
+    This would make trading more transparent if it reduced the
+proportion of off-floor interbank bond trading, now some 90 pct
+of the volume of bond transactions here, the bankers say.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="664" NEWID="16129">
+<DATE>13-APR-1987 04:04:17.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0184&#31;reute
+u f BC-MALAYSIAN-TREASURY-BI   04-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN TREASURY BILL RISES AT LATEST TENDER</TITLE>
+<DATELINE>    KUALA LUMPUR, April 13 - </DATELINE><BODY>The central bank, Bank Negara,
+said yields on the 91-day Malaysian treasury bills rate rose
+slightly to 2.032 pct at this week's tender from 2.020 pct last
+week.
+    Accepted bids ranged between 1.951 and 2.060 pct compared
+with 1.874 and 2.048 pct previously. Applications totalled 440
+mln ringgit for the 100 mln of bills on offer.
+    The bank said it will offer 100 mln ringgit of 91-day bills
+and 150 mln of 182-days at a tender closing on April 20.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="665" NEWID="16130">
+<DATE>13-APR-1987 04:05:06.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0185&#31;reute
+u f BC-OFFER-FOR-DOME-MAY-SH   04-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OFFER FOR DOME MAY SHORT-CIRCUIT ITS DEBT TALKS</TITLE>
+<AUTHOR>    By Larry Welsh, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 12 - </DATELINE><BODY>A 3.22 billion dlr offer for Dome
+Petroleum Ltd &lt;DMP.MO> by TransCanada Pipelines Ltd &lt;TRP.TO>
+may short-circuit Dome's restructuring plan and open the door
+for more takeover bids, oil analysts said.
+    Dome is trying to get approval for a plan to refinance debt
+of more than 4.5 billion dlrs by July 1, 1987, when an interim
+debt plan that allowed the Canadian oil and gas firm to defer
+substantial payments to creditors will expire.
+    Analysts said TransCanada's bid signals Dome's debtholders
+that an alternative exists to Dome's debt plan.
+    Dome announced its plan to 56 major creditors as well as
+public noteholders in March after several months of delicate
+negotiations.
+    TransCanada's proposal "amounts to a quasi debt
+restructuring," oil analyst Doug Gowland of Brown Baldwin Nisker
+Ltd said from Toronto.
+    Calgary-based Dome's restructuring plan would allow
+creditors to convert debt to common shares under a formula yet
+to be negotiated. Payments on remaining debt would be linked to
+cash flow generated by assets pledged against the debt.
+    "The weakness of the whole debt-refinancing proposal is that
+even with approval of creditors, there is no assurance that
+Dome will in fact be able to repay all of its debt obligations,"
+said Wilf Gobert, an oil analyst for Peters and Co Ltd in
+Calgary.
+    TransCanada's announcement came as a surprise since Dome
+was waiting for responses from creditors on its proposed
+refinancing packages, Gobert said.
+    The TransCanada proposal could open the bidding for Dome
+since other potential buyers were probably waiting for lenders
+to agree to a restructuring, he added.
+    "I would think that the debtholders would want to entertain
+any and all offers (for Dome)," Gobert said.
+    Dome spokesman David Annesley said in New York that
+TransCanada's announcement could be seen as an attempt to fix
+the bidding price for Dome and an effort to preclude other
+possible buyers from making an offer. "By drawing attention to
+us in our discussions, it means that others may be a little
+reluctant to come forward," he said.
+    Dome does not consider TransCanada's proposal a formal
+offer because the pipeline utility's announcement breached a
+confidential agreement between the two companies, he said.
+    Dome responded to the statement by suspending discussions
+with TransCanada in order to pursue talks with other
+unidentified parties. However, Dome said its management and
+financial advisers would evaluate all proposals, including
+TransCanada's.
+    Gowland said TransCanada's offer is probably a fair price
+for the company's 36.1 mln acres of oil and gas land holdings.
+    However, he said not enough financial details are known
+about Dome's debt restructuring to compare the value of
+TransCanada's proposed offer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="666" NEWID="16131">
+<DATE>13-APR-1987 04:21:41.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>portugal</D></PLACES>
+<PEOPLE><D>zhao-ziyang</D><D>cavaco-silva</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0207&#31;reute
+u f BC-CHINA-AND-PORTUGAL-SI   04-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA AND PORTUGAL SIGN MACAO DEAL</TITLE>
+<DATELINE>    PEKING, April 13 - </DATELINE><BODY>Prime Ministers Zhao Ziyang of China and
+Anibal Cavaco Silva of Portugal signed an agreement to end more
+than four centuries of Portuguese rule over the territory of
+Macao and return it to Chinese control in 1999.
+    Macao will become a special administrative region on
+December 20, 1999, retaining a high degree of autonomy except
+in foreign affairs and defence. Its capitalist system is to
+remain intact for 50 years under an arrangement similar to the
+one that will return Hong Kong to China from Britain in 1997.
+    China hopes to win back the Nationalist-ruled island of
+Taiwan under the same "one country, two systems" formula.
+    "The successful settlement of the question of Macao has
+proven and will continue to prove that the concept of 'one
+country, two systems' is realistic and therefore definitely
+viable," Zhao said.
+    Macao's population of 300,000 includes more than 40,000
+Portuguese passport holders.
+    Peking has said Chinese nationals in this category will be
+able to use their Portuguese passports after 1999 but will not
+be entitled to Portuguese consular protection in Macao or
+elsewhere in China.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="667" NEWID="16132">
+<DATE>13-APR-1987 04:33:05.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0218&#31;reute
+u f BC-TEXACO-&lt;TX>-EUROBONDS   04-13 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> EUROBONDS UNQUOTED AT MARKET OPENING</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Eurobonds for Texaco Inc subsidiaries
+were unquoted this morning as traders assessed the implications
+of the company's shock weekend decision to file for bankruptcy
+under Chapter 11 of U.S. Bankruptcy laws, eurobond dealers
+said.
+    The decision to file for bankruptcy follows a court
+decision that it had to post an 11 billion dlr bond to continue
+its court battles with Pennzoil Co &lt;PZL>.
+    One head trader at a U.S. Securities house said, "I don't
+want to be obstructive, but there genuinely is no market in
+Texaco bonds at the moment. Everyone is stunned by the decision
+(to file for bankruptcy) and can't really believe it."
+    One dealer noted that Texaco subsidiaries have outstanding
+eurobonds totalling over three billion dlrs out of total
+borrowings of some 6.8 billion dlrs.
+    He added that many of the fixed interest eurobonds - dollar
+straights - had been trading "basis only" for some time prior to
+this weekend's news. This means traders could quote a two way
+price for the bonds but would not be bound to trade them. Any
+trades would be negotiated.
+    He said that recently there appeared to have been some
+speculative buying of the bonds from the U.S. But that European
+investors had been overall sellers.
+    Dealers noted that under the Chapter 11 filing noteholders
+will receive no interest payments.
+    Texaco also has eurobonds outstanding which are convertible
+into Texaco Inc common stock - known as convertibles. Trading
+did not open in these issues either. One convertible dealer
+said, "We're waiting to see the result of today's court hearing."
+Texaco is applying today in the Texas courts for relief from
+having to post the court bond.
+    Texaco shares were being indicated by over the counter
+share dealers here at around 26 to 28 dlrs compared with
+Friday's close in New York of 31-7/8 dlrs.
+    Pennzoil shares were indicated at 85 to 87 dlrs compared
+with Friday's New York finish of 92-1/4 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="668" NEWID="16133">
+<DATE>13-APR-1987 04:53:55.42</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0242&#31;reute
+b f BC-U.K.-MONEY-MARKET-DEF   04-13 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET DEFICIT FORECAST AT 400 MLN STG</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>The Bank of England said it forecast a
+shortage of around 400 mln stg in the money market today.
+    Among the main factors affecting liquidity, bills maturing
+in official hands and the take-up of treasury bills will drain
+some 1.085 billion stg.
+    Partly offsetting these outflows, a fall in note
+circulation will add some 340 mln stg, exchequer transactions
+around 300 mln and bankers' balances above target about 50 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="669" NEWID="16134">
+<DATE>13-APR-1987 04:59:56.18</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0250&#31;reute
+u f BC-BANGLADESH-COST-OF-LI   04-13 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH COST OF LIVING INDEX FALLS IN JANUARY</TITLE>
+<DATELINE>    DHAKA, April 13 - </DATELINE><BODY>Bangladesh's cost of living index fell
+1.09 pct in January to 479, after a 1.6 pct decline to 484.28
+in December (1973-74 base 100), the Bureau of Statistics said.
+    The cost of living index fell 0.14 pct to 434.49 in January
+1986.
+    In the year to January, inflation ran at 10.24 pct after an
+11.3 pct rate a month earlier and 9.72 pct a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="670" NEWID="16135">
+<DATE>13-APR-1987 05:07:16.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0259&#31;reute
+b f BC-DEUTSCHE-BANK-FINANCE   04-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE BANK FINANCE UNIT HAS AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Deutsche Bank Finance NV Curacao is
+issuing a 100 mln Australian dlr eurobond due May 14, 1990
+paying 14-1/8 pct and priced at 101-1/4 pct, lead manager
+Deutsche Bank Capital Markets Ltd said.
+    The bond, guaranteed by parent Deutsche Bank AG, is
+available in denominations of 1,000 and 10,000 dlrs and will be
+listed in Luxembourg.
+    Fees total 1-1/2 pct, comprising one pct selling concession
+and 1/2 pct management and underwriting combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="671" NEWID="16136">
+<DATE>13-APR-1987 05:07:49.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0260&#31;reute
+u f BC-ROTHMANS-DENIES-SHARE   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTHMANS DENIES SHARE SALE SPECULATION</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>&lt;Rothmans Holdings (Tobacco) Ltd> said
+in a sttement there was "no foundation" to press speculation that
+it would sell its stake in Rothmans International Plc &lt;ROT.L>
+to Philip Morris Inc &lt;MO.N>, or that it would buy Morris'
+stake.
+    In the 1986 report, Rothmans International said RHT, which
+is controlled by &lt;Rupert Foundation SA>, owned 18.25 mln
+ordinary and 64.37 mln B ordinary shares, or 99.9 pct and 26.1
+pct respectively.
+    Morris owns 79.8 mln B ordinary shares, or 32.4 pct.
+Rothmans B shares, which firmed on the speculation to close at
+273p from 241p on Friday, eased to 245.5p at 0838 GMT.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="672" NEWID="16137">
+<DATE>13-APR-1987 05:08:14.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0261&#31;reute
+u f BC-NAKASONE'S-PARTY-SUFF   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE'S PARTY SUFFERS SETBACKS IN LOCAL POLLS</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>Japanese Prime Minister Yasuhiro
+Nakasone's unpopular plan to introduce a sales tax caused an
+electoral setback for his ruling Liberal Democratic Party (LDP)
+in Sunday's local elections, political analysts said.
+    The LDP retained its 11 prefectural governorships, but
+failed to restore a governorship in Fukuoka it had placed much
+importance on winning. In the prefectural assembly elections to
+fill 2,670 seats, the LDP has so far lost 92 of its previously
+held 1,487 seats to the socialists and communists.
+    Full election results should be available later today.
+    Discussing the election results with reporters, Nakasone
+said, "I wouldn't say the proposed five pct sales tax had no
+effect at all, but there were other factors, such as a low
+turnout and unusually cold weather."
+    The Home Affairs Ministry said the average turnout for the
+13 gubernatorial elections was a record low 59.78 pct while the
+prefectural assembly polls drew an average of 66.66 pct, also a
+record low.
+    Noboru Goto, president of the Japan Chamber of Commerce and
+Industry and a longtime friend of Nakasone, told reporters the
+impact of the sales tax on the LDP's setback was obvious.
+    "The government should take action (on the sales tax) in
+regard to the people's wishes," Goto said.
+    Nakasone and other LDP leaders have already hinted at a
+delay in the implementation of the tax, which had been
+scheduled for next January, and a possible cut in the rate.
+    "The most important thing now is to get parliamentary
+approval of the budget as soon as possible to arrest a rapid
+appreciation of the yen," Nakasone said. "We must implement
+measures to prop up the economy."
+    Opposition parties said the elections were a referendum on
+the tax and they will continue to demand its retraction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="673" NEWID="16138">
+<DATE>13-APR-1987 05:10:02.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0266&#31;reute
+b f BC-UBS-UNIT-ISSUES-15-BI   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UBS UNIT ISSUES 15 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Union Bank of Switzerland NV is issuing
+a 15 billion yen eurobond due June 1, 1992 paying 4-3/8 pct and
+priced at 101-3/8 pct, lead manager Union Bank of Switzerland
+(Securities) Ltd said.
+    The issue has a call option and put option after four years
+at par and is guaranteed by Union Bank of Switzerland. The
+selling concession is one pct while management and underwriting
+combined pays 5/8 pct.
+    The issue is available in denominations of one mln yen and
+will be listed in Luxembourg. The payment date is June 1.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="674" NEWID="16139">
+<DATE>13-APR-1987 05:15:39.23</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D><D>japan</D><D>uk</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0276&#31;reute
+u f BC-TRADE-ISSUES-STRAININ   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE ISSUES STRAINING EC'S PATIENCE WITH JAPAN</TITLE>
+<AUTHOR>    By Gerrard Raven, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, April 13 - </DATELINE><BODY>Member states of the European
+Community are starting to run out of patience with Japan which
+they believe has repeatedly promised major initiatives to open
+its market to imports, but as often made only minor moves.
+    Diplomatic sources here said several recent actions by EC
+countries bear witness to a new disillusionment with the
+willingness, or at least the ability, of the Japanese
+government to reduce its massive trade surplus with the EC.
+    However, they said an all-out trade war may be far off, as
+EC states know they would suffer almost as much as Japan.
+    Senior EC diplomats gave a generally favourable reaction to
+an EC executive commission proposal under which the EC could
+raise tariffs on a range of Japanese products if the U.S.
+Carries out a threat to make a similar move on April 17.
+    The EC tariffs, which would involve renouncing obligations
+entered into with the world trade body GATT, would be designed
+to stop a diversion of exports to the EC market from that of
+the U.S.
+    The diplomats were meeting as Tokyo announced that the EC's
+trade deficit with Japan reached a record 2.13 billion dlrs in
+March, up from 1.94 billion in February.
+    In 1986, Japanese exports to the EC totalled 30.67 billion
+dlrs, up 4.5 pct from 1985, while EC exports to Japan fell one
+pct to 12.43 billion dlrs.
+    In Paris, trade minister Michel Noir said France has
+decided to give Japan a taste of its own medicine.
+    Burgeoning imports of microwave ovens and of frozen
+Coquilles St Jacques will be restricted by a strict application
+of French quality standards -- something EC states say often
+happens to their own exports entering Japan.
+    Britain has threatened to withdraw the licences of Japanese
+banks and insurance companies to operate in the City of London,
+because the British Cable and Wireless company lost out in
+competition for a Japanese telecommucations contract.
+    However, British officials in London have said that the
+government may have gone too far in implying that it would take
+immediate drastic action unless the contract was reopened.
+    By contrast, West Germany, with the EC's most successful
+economy, has never threatened Tokyo with sanctions, preferring
+to rely on firm diplomacy and encouragement of its own
+industries to surmount obstacles to export to Japan.
+    The EC Commission itself has switched its tactics in recent
+years, substituting general calls for action by Japan to open
+its market with specific demands for moves in key areas.
+    At present, it is, for instance, pressuring Japan to end
+allegedly discriminatory taxation of imported wines and
+spirits, to ensure EC companies have a chance to win contracts
+for the building of a new international airport, and to
+simplify certification and safety checks on imported cars.
+    EC officials say these tactics yield some benefits, but
+often the Japanese announce modifications of their non-tariff
+barriers which open the door to imports by only a token amount.
+    They stress, however, that any action must be taken by the
+EC as a whole to stop beggar-my-neighbour action.
+    One of the problems Britain could face if it were to
+withdraw licences for Japanese banks would be that the bankers
+would be welcomed with open arms in Frankfurt or Amsterdam,
+they point out.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="675" NEWID="16140">
+<DATE>13-APR-1987 05:19:27.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0281&#31;reute
+r f BC-MORGAN-CRUCIBLE-SAYS   04-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN CRUCIBLE SAYS PROSPECTS ARE ENCOURAGING</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Morgan Crucible Co Plc &lt;MGCR.L> said the
+prospects for 1987 were encouraging, with orders and sales
+significantly up on last year in all divisions.
+    It said there were good opportunities for growth in both
+existing and recently acquired businesses as well as for growth
+by acquisition in related areas.
+    It earlier announced a 6.1 mln stg rise in pre-tax profit
+to 24.8 mln stg for the year to December 28. Turnover rose to
+242.1 mln from 211.5 mln.
+    Most of its companies performed well despite a slowdown in
+the U.S., U.K. And Australian economies in the first half.
+    Currency fluctuations reduced pretax profit by around one
+mln stg, it noted.
+    Morgan said although profits in the electronics sector
+improved to 1.0 mln stg from 100,000 stg previously, results
+were nonetheless disappointing.
+    Sales were lower than expected, due mainly to delayed
+defence orders and cancellations. However, it said it had taken
+the necessary remedial action, obtained new business and was
+now proceeding with the delivery of major delayed orders.
+    Morgan shares firmed two pence to 318p at 0905 GMT from
+316p at Friday's close.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="676" NEWID="16141">
+<DATE>13-APR-1987 05:20:41.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-MORGAN-CRUCIBLE-PRETA   04-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN CRUCIBLE PRETAX PROFIT RISES 6.1 MLN STG</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Year to December 28, 1986
+    Shr 20.1p vs 17.6p
+    Div 5.0p vs 4.6p making 9.2p vs 8.5p
+    Turnover 242.1 mln stg vs 211.5 mln
+    Pretax profit 24.8 mln vs 18.7 mln
+    Tax 6.7 mln vs 5.8 mln
+    Operating profit 28.3 mln vs 21.3 mln
+    Investment income 1.0 mln vs 0.7 mln
+    Net finance charges 4.5 mln vs 3.3 mln
+    Company full name is Morgan Crucible Co Plc &lt;MGCR.L>
+    Minorities and provisions for preference dividends 0.7 mln
+vs 1.2 mln
+    Extraordinary debit - 0.9 mln vs 1.3 mln credit
+    Operating profit includes -
+    Carbon 8.3 mln vs 7.0 mln
+    Technical ceramics 7.0 mln vs 5.6 mln
+    Thermal ceramics 7.6 mln vs 4.6 mln
+    Speciality chemicals 4.4 mln vs 4.0 mln
+    Electronics 1.0 mln vs 0.1 mln
+REUTER^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="677" NEWID="16142">
+<DATE>13-APR-1987 05:27:42.94</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0304&#31;reute
+r f BC-SWEDISH-INDUSTRIAL-PR   04-13 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH INDUSTRIAL PRODUCTION RISES SHARPLY</TITLE>
+<DATELINE>    STOCKHOLM, April 13 - </DATELINE><BODY>Swedish industrial production rose
+2.6 pct in February, after a 1.8 pct fall in January, showing a
+4.4 pct rise over February 1986 and reaching its highest level
+ever, the Central Bureau of Statistics said.
+    The rise reflected recovery in almost all sectors after an
+exceptionally cold spell in January, the Bureau said, adding
+that the highest rises were seen in the forest, chemical and
+metal industries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="678" NEWID="16143">
+<DATE>13-APR-1987 05:29:48.83</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T
+&#22;&#22;&#1;f0307&#31;reute
+u f BC-KENYA-DEVALUES-SHILLI   04-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENYA DEVALUES SHILLING BY 0.6 PCT AGAINST SDR</TITLE>
+<DATELINE>    NAIROBI, April 13 - </DATELINE><BODY>Kenya devalued the shilling by 0.6 pct
+against the special drawing right (SDR) in response to the
+decline of the dollar last last week, bankers said.
+    The Central Bank of Kenya set the shilling at 20.7449 to
+the SDR compared with the 20.6226 rate in force since the last
+devaluation on March 31.
+    The Kenyan shilling has lost 5.6 pct of its value against
+the SDR this year in a series of devaluations designed to keep
+the value of the dollar above 16 shillings.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="679" NEWID="16144">
+<DATE>13-APR-1987 05:30:08.83</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0308&#31;reute
+u f BC-AWB-CHAIRMAN-URGES-FA   04-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AWB CHAIRMAN URGES FARMERS NOT TO CUT PLANTINGS</TITLE>
+<DATELINE>    MELBOURNE, April 13 - </DATELINE><BODY>Australia could lose valuable wheat
+markets through lack of availability if plantings for the
+coming 1987/88 season are significantly reduced, Australian
+Wheat Board (AWB) chairman Clinton Condon said.
+    "If predictions of a 30 pct decrease in plantings prove
+true, Australia may not be able to supply wheat to some of its
+valuable markets," he said in a statement.
+    Condon did not say who had made the predictions, but an AWB
+spokesman said there was a general industry feeling that
+farmers, hard hit by low prices and rising costs, could cut
+back plantings sharply. Wheat sowing normally begins in May.
+    However, Condon said he did not believe plantings would be
+cut by as much as 30 pct although he realised many farmers were
+facing enormous financial pressures.
+    He said the AWB expects the area sown to be about 10.7 mln
+hectares, down from 11.3 mln in 1986/87 when the crop was about
+16 mln tonnes. Final crop estimates for 1986/87 and planting
+intentions for 1987/88 are not yet available.
+    If the AWB is unable, because of a short-term cut in
+plantings, to meet the needs of the markets it has developed
+with much time and effort, it may have great difficulty selling
+wheat to those markets in the future, Condon said.
+    "Markets which rely on a steady supply of Australian wheat
+understand a decrease in production due to drought but they
+will have difficulty understanding a deliberate decision to
+decrease production," Condon said.
+    "If Australia wants wheat to continue as a major export
+income earner, governments and government authorities will need
+to closely examine ways of contributing to the continuing
+viability of the wheat industry," he added.
+    Australia's leading wheat markets include China, Egypt,
+Iran, Iraq, the Soviet Union and Japan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="680" NEWID="16145">
+<DATE>13-APR-1987 05:32:13.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0312&#31;reute
+u f BC-WILLIAMS-DETAILS-ACCE   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIAMS DETAILS ACCEPTANCES OF NORCROS OFFER</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>&lt;Williams Holdings Plc> said that it had
+received acceptances for its offer for Norcros Plc &lt;NCRO.L>
+from the holders of 233,448 Norcros ordinary shares, or 0.18
+pct, and 180,240 preference shares, or 8.19 pct.
+    Before the 568 mln stg contested bid was launched last
+month, Williams held 850,000 ordinary shares, or 0.67 pct and
+since then it had acquired options to buy a further 1.99 mln or
+1.58 pct.
+    The offer has been extended to April 15. Norcros shares
+eased 26p to 410p on the announcement while Williams fell to
+767p from 785p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="681" NEWID="16146">
+<DATE>13-APR-1987 05:39:48.63</DATE>
+<TOPICS><D>meal-feed</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0326&#31;reute
+r f BC-DUTCH-FEED-COMPOUNDER   04-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH FEED COMPOUNDER STARTS CASE AGAINST EC LEVY</TITLE>
+<DATELINE>    ROTTERDAM, April 13 - </DATELINE><BODY>A major animal feed producer, Cehave
+NV Veghel (CHV), has begun legal proceedings against the
+application of the European Community grain co-responsibility
+levy, with the full backing of the Dutch animal grain and feed
+trade association, Het Comite, association chief executive
+Peter Pex told Reuters.
+    Oral proceedings were held in the Hague on Friday and the
+court said it would give its verdict within six weeks. "However,
+that is the normal wording and we expect the Hague court to
+refer questions on the interpretation and application of the
+levy to the European Court of Justice in Luxembourg," Pex added.
+    Het Comite claims the way the levy is applied does not take
+account of currency cross-rates of exchange and can mean a
+compounder in one country being asked to pay a higher levy in
+its own national currency than it received down the chain from
+the original producer of the grain.
+    "We would like the Business Administration Court in the
+Hague to ask the Luxembourg Court of Justice not only whether
+the Dutch Grain Commodity Board, the levy collection agency,
+has interpreted the levy regulations correctly, but also
+whether the regulations themselves may contravene European law,"
+Pex said.
+    "It is only with great regret that we have taken this route,
+but we have had no political help, and therefore have no option
+even though it could take years," Pex added.
+    Het Comite asked CHV to act as a test case against the
+grain levy because the bill the company received from the
+commodity board included grain from a wide variety of origins
+and was therefore considered to be the best general basis for a
+legal challenge to the levy, Pex noted.
+    Het Comite's actions will run in tandem with questions on
+the levy already posed to the Luxembourg Court in a case
+brought by the Association of European Animal Feed
+Manufacturers, FEFAC.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="682" NEWID="16147">
+<DATE>13-APR-1987 05:42:03.66</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>rice</D><D>oilseed</D><D>cottonseed</D><D>groundnut</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0331&#31;reute
+u f BC-CHINA-RAISES-GRAIN-PU   04-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA RAISES GRAIN PURCHASE PRICES</TITLE>
+<DATELINE>    PEKING, April 13 - </DATELINE><BODY>China has raised the state purchase
+prices of corn, rice, cottonseed and shelled peanuts from April
+1 to encourage farmers to grow them, the official China
+Commercial Daily said.
+    The paper said the price paid for corn from 14 northern
+provinces, cities and regions has increased by one yuan per 50
+kg. A foreign agricultural expert said the rise will take the
+price to 17 fen per jin (0.5 kg) from 16 fen.
+    The paper said the price for long-grained rice from 10
+southern provinces and cities was raised by 1.5 yuan per 50 kg.
+    The paper said the price for round-grained rice from 11
+provinces, regions and cities in central, east and northwest
+China has been increased by 1.75 yuan per 50 kg. It gave no
+more price details.
+    It said local authorities must inform farmers of the price
+increases before farmers begin planting, to encourage
+production of grains and oilseeds.
+    Chinese officials have said farmers are unwilling to grow
+grain because they can earn more from other crops.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="683" NEWID="16148">
+<DATE>13-APR-1987 05:44:15.73</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0336&#31;reute
+r f BC-WEST-GERMAN-COCOA-GRI   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN COCOA GRINDINGS WITHIN EXPECTATIONS</TITLE>
+<DATELINE>    HAMBURG, April 13 - </DATELINE><BODY>West German first quarter cocoa
+grindings, which rose 2.9 pct from the same 1986 quarter, were
+within expectations, trade sources said.
+    They described the results, announced Saturday, as normal
+and unspectacular, considering that the grind in the fourth
+quarter was rather high and some was carried over into the
+first quarter.
+    Grindings rose to 55,190 tonnes from 53,643 in the first
+1986 quarter. A spokesman for the Confectionery Industry
+Association said that West German grindings are expected to
+stay relatively high in comparison to other West European
+countries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="684" NEWID="16149">
+<DATE>13-APR-1987 05:47:05.16</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0341&#31;reute
+b f BC-ST.GOBAIN-UNIT-ISSUES   04-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST.GOBAIN UNIT ISSUES ECU BOND WITH GOLD WARRANTS</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>St.Gobain Netherlands, guaranteed by Cie
+de St.Gobain, is issuing a 75 mln ECU bond with gold warrants
+attached, due May 6, 1992 carrying a 4-1/2 pct coupon and
+priced at par, lead manager Salomon Brothers International Ltd
+said.
+    Fees comprise 1-1/4 pct selling concession with 5/8 pct for
+management and underwriting combined. Listing is in Luxembourg.
+    Each 1,000 ECU bond carries one gold warrant exercisable
+from May 6, 1987 until May 6, 1990 entitling the holder to
+purchase one ounce at an exercise price of 490 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="685" NEWID="16150">
+<DATE>13-APR-1987 05:47:33.41</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0342&#31;reute
+b f BC-COMMONWEALTH-BANK-CUT   04-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH BANK CUTS AUSTRALIA PRIME TO 17.5 PCT</TITLE>
+<DATELINE>    SYDNEY, April 13 - </DATELINE><BODY>The Commonwealth Bank of Australia said
+it will lower its prime lending rate to 17.5 pct from 18.25,
+effective April 15.
+    The bank's new rate will be the lowest of Australia's
+current prime rates. They now range from 17.75 pct to 18.5
+after a recent series of reductions since late March following
+an easier trend in short term money market rates.
+    Two of the three other major trading banks now have prime
+rates of 18 pct and one of 18.25.
+    The Commonwealth's move reverses an increase from 17.5 pct
+in early February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="686" NEWID="16151">
+<DATE>13-APR-1987 05:49:36.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>bond</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0343&#31;reute
+u f BC-BOND-SAYS-HE-IS-AIMIN   04-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOND SAYS HE IS AIMING FOR GLOBAL MEDIA GROUP</TITLE>
+<DATELINE>    PERTH, April 13 - </DATELINE><BODY>Bond Corp Holdings Ltd &lt;BONA.S> plans to
+use its 1.05 billion dlr acquisition of Kerry Packer's
+television and radio holdings as the springboard to a global
+media group, chairman Alan Bond said.
+    Bond Corp's broadcasting float, &lt;Bond Media Ltd>, was
+geared for international expansion as a company specialising in
+the electronic media, he told a news conference here after a
+presentation on the new company to shareholders and analysts.
+    "It's intended that we will be a global media company in the
+fullness of time," Bond said.
+    Bond Media will bring together Bond's existing broadcasting
+interests and those recently acquired from Packer's
+&lt;Consolidated Press Holdings Ltd>.
+    Bond Corp shareholders are being offered 50 pct of the new
+company at 1.55 dlrs a share on a three-for-four basis.
+    A presentation by underwriters A C Goode and Co Ltd and
+Rivkin James Capel Ltd forecast Bond Media's net profit at 41
+mln dlrs in 1987/88 ending June 30, rising to 72 mln in
+1989/90.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="687" NEWID="16152">
+<DATE>13-APR-1987 05:50:56.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0346&#31;reute
+u f BC-HEPWORTH-SELLS-U.S.-U   04-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEPWORTH SELLS U.S. UNIT TO GLOBE MACHINE</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Hepworth Ceramic Holdings Plc &lt;HEPC.L>
+said it had agreed to sell its &lt;Western Plastics Corp> unit to
+&lt;Globe Machine Manufacturing Co> for 16.25 mln dlrs cash.
+    Western, which makes polystyrene foam and container
+products, has net assets of 19.3 mln dlrs and reported a 1986
+pre-tax profit of 0.9 mln.
+    The proceeds of the sale would be used to reduce borrowings
+and develop activities in the U.K.
+    Hepworth shares eased 0.5p on the announcement to 227.5p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="688" NEWID="16153">
+<DATE>13-APR-1987 05:51:35.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0347&#31;reute
+u f BC-U.S.-LAWMAKERS-URGE-J   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LAWMAKERS URGE JAPAN TO OPEN FINANCIAL MARKET</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>U.S. Legislators called on Japan to open
+its financial markets to more foreign participation and boost
+its efforts to head off growing U.S. Protectionism, a Foreign
+Ministry spokesman said.
+    "We have come to seek the opening of Japan's financial and
+banking markets," Jake Garn, ranking Republican on the Senate
+Banking Committee, told Prime Minister Yasuhiro Nakasone.
+    "Japan's financial and banking market is very large and
+increasingly sophisticated, but there is not yet true
+reciprocity between Japan and the United States in this market,"
+the ministry official quoted Garn as saying.
+    Nakasone replied that some problems exist over providing
+more seats on the Tokyo Stock Exchange for foreign firms, one
+of the main steps urged by the U.S. Delegation.
+    "But I promise to make Tokyo's markets as open as those of
+New York," he told Garn and three other legislators.
+    In separate talks with Finance Minister Kiichi Miyazawa,
+the U.S. Group also urged Japan to give U.S. Financial
+institutions a bigger role in the underwriting of long-term
+Japanese government bonds, a Finance Ministry spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="689" NEWID="16154">
+<DATE>13-APR-1987 05:52:26.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0349&#31;reute
+u f BC-EURO-MEDIUM-TERM-NOTE   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EURO-MEDIUM TERM NOTES POISED FOR GROWTH</TITLE>
+<AUTHOR>    By Marguerite Nugent, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Euro-medium term notes, a recent
+phenomenon in the international capital markets, are hardly
+attracting a flood of issuers but investment bankers are doing
+their best to breath life into the market.
+    Medium term notes (MTNs) have met with staggering success
+in the U.S. Market where total outstandings have grown to
+around 50 billion dlrs since 1983, the year they took hold as a
+new financing vehicle to bridge the gap between commercial
+paper and longer term bonds. Convinced they are here to stay,
+investment bankers are attempting to adapt MTNs for the
+euromarket.
+    Ralph Bunche, a vice president of Morgan Stanley
+International, predicted at a recent Euromoney conference on
+MTNs here that they will become the predominant instrument for
+raising funds in the late 1980's and 1990's. "It (the MTN
+market) will even surpass the bond market," he said.
+    Other bankers took exception with the degree to which MTNs
+will grow. But they generally agreed that these instruments
+provide the borrower with greater flexibility and lower costs
+than a traditional bond.
+    The trick is in convincing European borrowers it is worth
+arranging a program and, having accomplished that, to persaude
+European investors -- whose preferences differ from their U.S.
+Counterparts -- to buy the securities.
+    Discussions with bankers proved one thing. No one is
+exactly sure how to proceed with structuring and marketing
+these issues.
+    To date only 13 Euro-MTN programs have been announced but
+only a few have been activated, such as those for a unit of
+PepsiCo Inc and another for AB Electrolux.
+    Several firms have devised different structures for
+Euro-MTNs and defend their structures adamantly.
+    The PepsiCo notes, for example, are sold on a continuously
+offered basis. This involves a small amount of new notes with
+similar maturities constantly on offer at current market rates.
+    The Electrolux program uses multi-tranche tap notes devised
+by Merrill Lynch. Under this structure, an initial tranche of a
+minimum 50 mln dlrs has a fixed rate of interest and maturity.
+The borrower then issues additional notes in this category up
+to a pre-determined maximum.
+    Those who defend the continuously offered method, such as
+Wendy Dietze, a Salomon Brothers Inc vice president, point to
+the flexibility they offer in interest rate and maturity.
+    Furthermore, she believes this structure offers the
+European investor greater confidence in market liquidity -- a
+major concern for these buyers.
+    Merrill Lynch Europe Ltd's Kevin Regan defends the
+medium-tranche tap notes concept saying it offers comparable
+liquidity. But he also said that this structure may not be the
+right option for all borrowers.
+    Peter Mortimer, a partner in the law firm Milbank, Tweed,
+Hadley and McCloy, noted that legal requirements could well
+determine which structure is chosen.
+    He noted that the tap system allows a more clearly defined
+"lock-up" period as each tranche has a specific maturity. In the
+case of notes issued by U.S. Borrowers, the "lock-up" period is
+the 90 days after the completion of a series during which time
+a security cannot be sold back to the U.S. Or to U.S.
+Investors.
+    However, he said that the Securities and Exchange
+Commission is reviewing its current regulations on the
+ownership of foreign securities by U.S. Citizens and that some
+softening in the rules could come in the not too distant
+future.
+    For their part borrowers say they feel a bit like guinea
+pigs.
+    Petter Skouen, executive vice president of the Nordic
+Investment Bank (NIB), noted that a few weeks ago NIB would
+have said it was disappointed with its Euro-MTN program, but
+that the success of a recent issue changed their minds.
+    He conceded that in retrospect it would have been wiser to
+establish separate programs for the euromarket and the U.S.
+Domestic market, rather than try to extend the U.S. Issue
+globally. Under NIB's 200 mln dlr program, 100 mln has been
+sold in the U.S. And 25 mln in Europe.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="690" NEWID="16155">
+<DATE>13-APR-1987 05:59:38.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0353&#31;reute
+b f BC-BOND-CORP-TO-ACQUIRE   04-13 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOND CORP TO ACQUIRE 80 PCT OF MERLIN PETE</TITLE>
+<DATELINE>    PERTH, April 13 - </DATELINE><BODY>Bond Corp Holdings Ltd &lt;BONA.S> said it
+has agreed to acquire an 80 pct stake in &lt;Merlin International
+Petroleum Corp> from &lt;Crowley Maritime Corp> for 90.8 mln U.S.
+Dlrs.
+    Of this total, 7.8 mln dlrs is due on exchange of contracts
+on April 30 and 69 mln on July 7, subject to any regulatory
+approvals being obtained, Bond said in a statement.
+    The balance of 14 mln dlrs will be paid as required by
+Merlin for its exploration and production commitments, it said.
+    Bond said Merlin has a 6.25 pct working interest plus a 2.5
+pct reversionary interest in the Papua New Guinea permit,
+PPL-17, the site of the Iagifu oil discovery.
+    Merlin also has a 12.5 pct stake in the adjacent Papuan
+Basin permit, PPL-18, which contains the Juha gas and
+condensate discovery.
+    In addition to Papua New Guinea, Merlin has petroleum
+exploration and production interests in the U.S., Bond added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="691" NEWID="16156">
+<DATE>13-APR-1987 06:02:48.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0362&#31;reute
+u f BC-KYUSHU-ELECTRIC-TO-IS   04-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KYUSHU ELECTRIC TO ISSUE 20 BILLION YEN BOND</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>Kyushu Electric Power Co Inc will issue a
+seven-year 20 billion Euroyen bond on April 22, a company
+spokesman said.
+    The straight bond, to be priced at 101.625, will carry a
+4.75 pct coupon to yield 4.445 pct.
+    Lead manager is Nomura International Inc.
+    Issue cost including fees will be 4.8 pct, or 0.9
+percentage point below the March issue rates for Japanese
+electric power company bonds. These are normally between the
+rates on 10-year government bonds and private corporate bonds.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="692" NEWID="16157">
+<DATE>13-APR-1987 06:03:25.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0364&#31;reute
+u f BC-MATSUSHITA-TO-LAUNCH   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MATSUSHITA TO LAUNCH PORTABLE COPIER</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>Matsushita Electric Industrial Co Ltd
+&lt;MC.T> said it would launch the world's smallest and lightest
+personal-use plain paper copier (PPC) on the domestic market in
+early June.
+    It said the 69,800 yen copier is 367 mm by 407 mm by 120
+mm, weighs six kilos, and can copy pictures from television and
+VCR's with an optional adaptor. The company plans to produce
+2,000 sets a month and will eventually export them, it said
+without providing further details.
+    Total Japanese PPC output rose 12 pct to 560,000 units in
+1986 and is projected to rise to 610,000 this year, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="693" NEWID="16158">
+<DATE>13-APR-1987 06:04:54.49</DATE>
+<TOPICS><D>gnp</D><D>jobs</D><D>bop</D><D>cpi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0366&#31;reute
+u f BC-INSTITUTES-DIVIDED-ON   04-13 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSTITUTES DIVIDED ON OUTLOOK FOR GERMAN ECONOMY</TITLE>
+<DATELINE>    BONN, April 13 - </DATELINE><BODY>The five leading West German economic
+research institutes have failed to agree about how strongly the
+domestic economy will expand this year but revised down
+forecasts contained in a report published six months ago.
+    The three research groups of Kiel, Hamburg and Essen
+predicted in the institutes' joint spring report that gross
+national product (GNP) would rise by two pct in 1987, compared
+with 2.4 pct in 1986. The five institutes had jointly forecast
+three pct 1987 growth in October last year.
+    Taking a dissenting view, the DIW institute of West Berlin
+and Munich's Ifo institute predicted only one pct 1987 growth.
+    The joint report said that the estimates of economic
+development made by the DIW and Ifo were "markedly less
+favourable" than those of the other three.
+    The DIW and Ifo forecast the economy would pick up after a
+slow start to the year. "In the second half of 1987 there will,
+however, only be a weak upward movement," they said.
+    The two institutes said external economic factors which
+were currently damaging exports and pushing up imports would
+dominate the economic environment throughout the year. They saw
+exports falling by a real 2-1/2 pct in 1987 and predicted no
+marked improvement in the course of the year.
+    The other three institutes, however, wrote: "The decline in
+demand and production (seen) in the winter months does not
+indicate the beginning of a cyclical downswing."
+    They said the sharp rise of the mark had led to corporate
+uncertainty and companies had not carried out investment plans.
+But they expected that many investments had not been cancelled
+but only put off. "It can be presumed that the braking actions
+(on the economy) will diminish markedly this year."
+    They added: "The domestic prerequisites for a continuation
+of the economic uptrend are still favourable."
+    These three institutes said diminishing external burdens
+combined with favourable domestic conditions meant an upturn in
+demand and production could be expected by the spring.
+    However, this projection was clouded by risks including the
+further development of the mark against the dollar.
+    Contrary to the DIW and Ifo, the three institutes said that
+while exports would continue to be the weak point of the
+economy in 1987, "there is good reason to believe that exports
+will soon bottom out and that a slight rise will emerge during
+the course of the year." They predicted an overall 0.5 pct fall
+in exports in 1987, the same as in 1986.
+    The three more positive institutes saw private consumption
+rising by four pct in 1987, compared with 4.2 pct in 1986,
+while DIW and Ifo predicted a three pct increase.
+    They saw the climate for equipment investment improving but
+predicted only a rise of four pct in 1987 against 4.6 pct in
+1986. Ifo and DIW saw these investments rising by only two pct.
+    All the institutes predicted only a slight decline in
+unemployment. The Kiel, Hamburg and Essen institutes said the
+jobless total would average 2.17 mln in 1987 compared with 2.23
+mln in 1986 and predicted a rise in the number of people in
+work of about 200,000.
+    These three institutes said new jobs would be created
+mainly in the private services sector and also by the state in
+the context of job creation measures. The construction industry
+was likely to engage new workers for the first time since 1980
+but they predicted either no rise in employment in the
+manufactured goods industry or only a slight expansion.
+    The DIW and Ifo said rises in employment would occur only
+in the tertiary sector, while "the number employed in the
+manufacturing industry will decline."
+    The DIW and Ifo said unemployment would only decline to
+2.20 mln in 1987 from 2.23 mln in 1986.
+    They saw the current account surplus falling in 1987 to 58
+billion marks from 78 billion in 1986. The other three saw a
+current account surplus in 1987 of at least 60 billion marks
+and predicted that the trade surplus would fall to only around
+100 billion marks from 112 billion in 1986.
+    The institutes agreed that consumer prices would start to
+rise in 1987, after they declined in 1986, and all five
+predicted an average increase over the year of 0.5 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="694" NEWID="16159">
+<DATE>13-APR-1987 06:10:03.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0378&#31;reute
+u f BC-BLUE-ARROW-TO-BUY-U.S   04-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLUE ARROW TO BUY U.S. RICHARDS COMPANIES</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>&lt;Blue Arrow Plc> said it had agreed
+terms to acquire a group of U.S. Companies collectively known
+as the &lt;Richards Companies>, which specialise in executive
+recruitment and management consultancy on personnel matters.
+    The total consideration will be 29 mln U.S. Dlrs of which
+50 pct will be payable in cash and 50 pct by the issue of 1.36
+mln new ordinary shares in Blue Arrow.
+    The Richard Companies made a pre-tax profit of 3.6 mln dlrs
+in the year to end-1986, on turnover of 7.1 mln dlrs with net
+tangible assets at the end of 1986 of 3.4 mln dlrs.
+    Blue Arrow shares were trading 9p lower at 670 this
+morning.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="695" NEWID="16160">
+<DATE>13-APR-1987 06:13:02.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0383&#31;reute
+b f BC-VICTORIA-STATE-BANK-I   04-13 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VICTORIA STATE BANK ISSUES 50 MLN AUS DLR EUROBOND</TITLE>
+<DATELINE>    FRANKFURT, April 13 - </DATELINE><BODY>The State Bank of Victoria is raising
+50 mln Australian dlrs through a three-year bullet eurobond at
+14-1/2 pct and priced at 101-3/8, lead and sole manager
+Commerzbank AG said.
+    The bond is due on May 15, 1990 and interest is paid on
+that date annually. Payment date is also May 15.
+    Denominations are 1,000 and 10,000 dlrs and listing is in
+London.
+    Fees total 1-1/2 pct, with a half-point for management and
+underwriting and one point for selling.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="696" NEWID="16161">
+<DATE>13-APR-1987 06:17:04.35</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>bahrain</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0389&#31;reute
+u f BC-SAUDI-RIYAL-DEPOSITS   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI RIYAL DEPOSITS SURGE ON U.S. RATE RISE</TITLE>
+<DATELINE>    BAHRAIN, April 13 - </DATELINE><BODY>Saudi riyal interbank deposit rates
+surged across the board as banks tried to build long positions
+in anticipation of a further rise in U.S. Interest rates,
+dealers said.
+    They said traders expected riyal deposits to follow the
+recent strong rise in eurodollar rates sparked by fears of a
+tighter U.S. Monetary policy to halt the dollar's slide.
+    "There was a wave of panic buying early in the morning as
+people tried to cover gaps and build long riyal positions," said
+one dealer. As a result, riyal deposits were strongly bid and
+traders scrambled for any available offers.
+    One-way trade focused mainly on the fixed periods but short
+dates also rose, dealers said. Spot-next and one-week deposits
+climbed to 6-5/8, 1/8 pct from 6-3/8, six on Sunday.
+    One-month deposits rose to 6-1/2, 3/8 pct from 6-1/4, six
+and three-month deposits climbed to 6-3/4, 5/8 pct from 6-9/16,
+7/16. Six-month deposits also firmed to 7-1/8, seven pct from
+7-1/16, 6-7/8 on Sunday.
+    The spot riyal was steady at 3.7500/03 to the dollar after
+quotes of 3.7498/7503 yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="697" NEWID="16162">
+<DATE>13-APR-1987 06:17:28.73</DATE>
+<TOPICS><D>gold</D><D>platinum</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M F
+&#22;&#22;&#1;f0391&#31;reute
+b f BC-LONDON-GOLD-MORNING-F   04-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON GOLD MORNING FIX HIGHEST SINCE OCTOBER</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Gold bullion continued to move higher
+supported by good general buying and was fixed this morning at
+436.50 dlrs, 268.368 stg, an ounce, up from Friday's close of
+432.00/50, dealers said.
+    The setting was the highest since October 8 as gold built
+on Friday's gains, which had been based on the weakness of the
+dollar and fears of a trade war between the United States and
+Japan.
+    It opened slightly firmer at 433.50/434.00 and moved up
+steadily during the morning supported by commission house and
+trade buying, dealers said.
+    Dealers said there was resistance around 440.00 but with
+sentiment still firm some traders believe the rally may even
+take gold as high as 500 dlrs.
+    Platinum was fixed this morning at 583.50 dlrs an ounce, up
+from Friday's close of 578.50/580.50, and also the highest
+setting since October.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="698" NEWID="16163">
+<DATE>13-APR-1987 06:34:20.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0414&#31;reute
+u f BC-BORG-WARNER-AGREES-TO   04-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORG-WARNER AGREES TO BUYOUT BY MERRILL LYNCH FIRM</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Borg-Warner &lt;BOR> Corp, facing an
+unwanted offer from GAF Corp &lt;GAF>, agreed to a 4.23 billion
+dlr buyout offer from a company to be formed by &lt;Merrill Lynch
+Capital Partners Inc>.
+    Borg-Warner and Merrill said yesterday they entered a
+definitive merger agreement, under which a subsidiary of the
+new company, &lt;AV Holdings Corp>, will begin a 48.50 dlr per
+share cash tender offer today for 77.6 mln shares or 89 pct of
+Borg-Warner common stock.
+    The offer will be followed by a merger in which each
+remaining share will be converted into 19.75 dlrs cash and
+54.25 dlrs principal amount of AV Holdings junior subordinated
+discount debentures.
+    As a result of the merger, Borg-Warner will become a wholly
+owned subsidiary of AV Holdings. A Borg-Warner spokeswoman said
+members of management do not plan to participate in the
+transaction, but they will retain their positions with the
+company.
+    A spokesman for GAF was unavailable for comment. GAF holds
+19.9 pct of Borg-Warner's shares.
+    GAF had said it would offer 46 dlrs per share.
+    Borg-Warner's spokeswoman said the company still plans to
+sell its financial services unit, which includes Wells Fargo
+security guards, and the Chilton Corp, a credit rating service.
+    Borg-Warner has been the focus of takeover speculation for
+about a year. Corporate raider Irwin Jacobs last year proposed
+a takeover of the firm and until recently held 10 pct of the
+stock. Following the GAF offer, analysts had calculated breakup
+values for the company in the low 50 dlrs per share range and
+speculated an offer would have to be sweetened.
+    In its statement, Borg-Warner said its board endorsed the
+Merrill offer and it recommended that shareholders tender their
+shares. The board received opinions on the offer from its
+advisors, First Boston Corp and Goldman, Sachs and Co.
+    James Burke, president of Merrill Lynch Capital Partners,
+said, "We are very pleased to have entered into this transaction
+with Borg-Warner. We are looking forward to working with the
+employees of Borg-Warner and to Borg-Warner maintaining its
+strong presence in the Chicago community."
+    Merrill Lynch will be the dealer-manager for the offer,
+which expires at midnight EDT May 8 (0400 GMT, May 9), subject
+to conditions, including the completion of necessary financing
+arrangements.
+    The offer is also subject to a minimum 44.25 mln shares, or
+51 pct of the outstanding shares, being tendered.
+    Merrill Lynch and certain affiliates have committed to
+provide 200 mln dlrs in AV Holdings equity and 870 mln in
+subordinated financing and forward underwriting commitments.
+    Merrill Lynch said that following discussions with
+commercial banks it is confident it can obtain the rest of the
+financing required to complete the transaction.
+    The junior subordinated discount debentures to be issued in
+the merger will carry a 13 pct coupon and will begin paying
+cash interest after five years.
+    The debentures will be redeemable at the company's option
+for the first six years at 105 pct, during the seventh year at
+102.5 pct and after that at 100 pct of the principal amount.
+    The junior subordinated discount debentures have a maturity
+of 20 years and are entitled to a sinking fund commencing in
+the 16th year designed to retire 60 pct of the issue before
+maturity.
+    Borg-Warner will also redeem all of its outstanding 4.50
+dlrs cumulative preferred stock, series A, for 100 dlrs per
+share. Holders who wish to participate in the offer must first
+convert their preferred stock into Borg-Warner common stock.
+    The board of Borg-Warner has also taken steps to redeem its
+poison pill or share purchase rights for five cents per right,
+effective immediately.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="699" NEWID="16164">
+<DATE>13-APR-1987 06:35:35.76</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0421&#31;reute
+b f BC-U.K.-MARCH-PRODUCER-P   04-13 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MARCH PRODUCER PRICES RISE 0.3 PCT</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>The price index for sales of
+manufactured goods in the U.K. Rose a provisional, unadjusted
+0.3 pct in March after an identical rise in February,
+Department of Trade and Industry figures show.
+    The index for materials and fuel purchased by manufacturing
+industry fell a provisional and unadjusted 1.1 pct after a 1.7
+pct fall in February.
+    The Department said the year-on-year rise in producer
+prices in March was a provisional 3.7 pct, compared with a
+provisional 4.2 pct increase in the year to end-February.
+    The index for output prices, non-seasonally adjusted, was
+put at a provisional 149.7 in March after 149.3 in February.
+    The index for input prices, also not seasonally adjusted,
+was set at 128.2 in March after February's 129.6.
+    The 1.1 pct fall in input prices between February and March
+was mainly due to a seasonal fall in industrial electricity
+costs and lower scheduled prices for petroleum products, the
+Department said.
+    The Department said these falls were only partly offset by
+a rise in prices of home-produced food manufacturing materials.
+    The seasonally adjusted index for input prices showed a 0.2
+pct rise between February and March.
+    Year-on-year, the input price index was down 0.7 pct in
+March after a 2.8 pct drop in February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="700" NEWID="16165">
+<DATE>13-APR-1987 06:36:58.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0426&#31;reute
+u f BC-SRI-LANKA-ORDERS-BUDG   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKA ORDERS BUDGET CUTS AS DEFENCE COSTS RISE</TITLE>
+<DATELINE>    COLOMBO, April 13 - </DATELINE><BODY>Sri Lanka's cabinet has ordered a 12
+pct cut in budget spending by ministries this year to offset
+the rising cost of the fight against Tamil guerrillas, Finance
+Ministry officials said.
+    A senior economist at the Ministry, who declined to be
+named, told Reuters the cuts would not apply to defence-related
+Ministries and those involved in health and education.
+    Defence expenditure, projected at 10 billion rupees this
+year, is now forecast at 12 billion and is expected to exceed
+this by the year-end.
+    The economist said the cuts were part of a government plan
+to reduce spending to satisfy the International Monetary Fund
+(IMF) which has promised to lend Sri Lanka 6.5 billion rupees
+to help its balance of payments.
+    The IMF has said previously Sri Lanaka must reduce its
+budget and balance of payments deficits to satisfy loan
+conditions.
+    He said World Bank and IMF teams were expected here next
+month. "If approved the loan would be available only after
+November and would be part of the 1988 budget," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="701" NEWID="16166">
+<DATE>13-APR-1987 06:37:22.48</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>norway</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0427&#31;reute
+u f BC-STATOIL-SEEKS-SHARE-I   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATOIL SEEKS SHARE IN THAI GAS FIELD</TITLE>
+<DATELINE>    STAVANGER, Norway, April 13 - </DATELINE><BODY>Norway's state oil company
+Den Norske Stats Oljeselskap A/S (Statoil) &lt;STAT.OL>, has told
+Thai authorities it is interested in taking a 30 pct share in a
+big offshore Thailand gas field, Statoil said.
+    The field, in the southern sector of the Gulf of Thailand,
+is currently operated by U.S. Oil company Texas Pacific Oil Co
+Inc, a unit of Canada's Seagram Co Ltd &lt;VO.N>. Thailand's state
+oil company &lt;Petroleum Authority Thailand> (PTT) also holds a
+major stake in the field.
+    PTT wants to develop the field and has asked Statoil to
+consider co-development if the field's licence is renewed.
+    PTT, according to Statoil, is currently negotiating with
+Texas Pacific to buy back the Dallas-based oil company's
+holdings in the field.
+    "PTT must first sort out its problems with Texas Pacific.
+When this is done, we have said we are interested in taking
+over a 30 pct share in the field," Statoil spokesman Willy Olsen
+told Reuters.
+    Statoil, hired by PTT to carry out an independent appraisal
+of the field's reserves and propose a development plan, has
+estimated the field could be commercially developed at a cost
+of some 700 mln crowns.
+    Industry sources said Texas Pacific has submitted lower
+reserve estimates for the field than Statoil and shown little
+interest in its development. Statoil refused to disclose its
+upgraded reserve estimate for the field.
+    The field's reserves could be sold domestically through
+Thailand's gas distribution network or by converting the gas to
+electricity, the sources said.
+    Sources would not say which field Statoil is considering.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="702" NEWID="16167">
+<DATE>13-APR-1987 06:40:05.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0431&#31;reute
+b f BC-TREASURY-CORP-OF-NSW   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY CORP OF NSW ISSUES AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>The New South Wales Treasury Corporation
+is issuing a 100 mln Australian dlr eurobond due May 27, 1992
+paying 14-1/4 pct and priced at 101-7/8 pct, lead manager
+County Natwest Capital Markets said.
+    The non-callable bond is guaranteed by the crown-in-right
+of New South Wales. The selling concession is 1-3/8 pct while
+management and underwriting combined pays 5/8 pct.
+    The issue is available in denominations of 1,000 and 10,000
+Australian dlrs and will be listed in Luxembourg. The payment
+date is May 27.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="703" NEWID="16168">
+<DATE>13-APR-1987 06:42:07.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0436&#31;reute
+u f BC-ELECTION-RESULT-MAY-D   04-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTION RESULT MAY DELAY JAPAN ECONOMIC STIMULUS</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>The ruling Liberal Democratic Party's
+(LDP) setback in Sunday's nationwide local elections may force
+the government to water down its controversial proposal for a
+five pct sales tax and undermine its commitment to stimulating
+the economy, private economists said.
+    The LDP's failure to win seats in some crucial local
+constituencies will weaken the government's ability to push
+through its tax plan, and without a compromise tax proposal the
+budget for fiscal 1987/88 ending March 31 is unlikely to be
+passed soon, they said.
+    Without the budget, the government would also be
+hard-pressed to come up with an effective package to stimulate
+the economy as pledged at Group of Seven meetings in Paris in
+late February and in Washington last week, they said.
+    Opposition protests against the sales tax have stalled
+parliamentary debate on the budget for weeks and forced the
+government to enact a stop-gap 1987/88 budget that began early
+this month.
+    "The LDP's election setback will have an enormous impact on
+the already faltering economy," said Johsen Takahashi, chief
+economist at Mitsubishi Research Institute.
+    Takahashi said that behind the LDP's poor showing was
+public discontent with the government's high-handed push for
+tax reform and its lack of effective policies to cope with
+economic woes caused by the yen's appreciation.
+    "This explains why the LDP failed to regain governorships in
+the most hotly contested constituencies of Fukuoka and
+Hokkaido, where the shipbuilding and steel industries are
+suffering heavily from the yen's extended rise," he said.
+    Takahashi said the government should delay introduction of
+the sales tax for one or two years beyond its original starting
+date of January 1988 and implement tax cuts now.
+    Sumitomo Bank Ltd chief economist Masahiko Koido also said
+he favours watering down the proposed sales tax while
+suggesting the government boost public works spending by
+modifying its tight fiscal policies.
+    "The local election results were a signal the economy now
+needs government action to take clear-cut fiscal measures," he
+said, adding that such moves would help the world economy as
+well as Japan's.
+    For the last five years or so, the government has stuck to
+a tight fiscal policy in a bid to halt the issue of deficit
+financing bonds by fiscal 1990/91, economists said.
+    If the LDP election setback leads to a scaled down sales
+tax proposal, the government would have to find other revenue
+sources to help finance the planned tax cuts and a package of
+measures to stimulate the economy, the economists said.
+    Koido said the government could raise additional revenue by
+selling shares in public corporations such as Nippon Telegraph
+and Telephone Corp. But it should issue additional bonds to
+ensure a more stable source of funds, he said.
+    "It may run counter to its avowed policy of balancing the
+budget, but it can do so on a short-term basis," he said.
+    Takahashi of Mitsubishi Research also agreed with the need
+for the government to float more bonds to raise funds needed
+for economic expansion.
+    He said additional government borrowing would place no
+burden on the capital market because it has amassed huge excess
+funds and government bond prices have risen to record levels
+lately.
+    "The market is just waiting for more new government bond
+issues," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="704" NEWID="16169">
+<DATE>13-APR-1987 06:46:09.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0443&#31;reute
+u f BC-SOME-JAPAN-OIL-FIRMS   04-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOME JAPAN OIL FIRMS MAY STOP TRADING WITH TEXACO</TITLE>
+<AUTHOR>    By Jennie Kantyka, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>Japanese oil traders and refiners are
+considering whether to suspend further business with Texaco Inc
+&lt;TX>, which yesterday filed for protection under Chapter 11 of
+the U.S. Bankruptcy code, industry sources told Reuters.
+    Texaco, the third biggest U.S. Oil company, said it filed
+to protect itself from creditors while it fights a legal battle
+with Pennzoil Co &lt;PZL> over the purchase of Getty Petroleum
+Corp &lt;GTY> in 1984.
+    Many Japanese trading houses decided to stop dealing with
+Texaco several months ago as rumours it was about to file for
+bankruptcy spread through the market, the sources said.
+    "We haven't dealt with them for six months," said one
+Japanese trader.
+    Some Japanese trading houses with offices in the U.S. May
+ask for letters of credit if they decide to continue trading
+with Texaco, oil sources said.
+    They said Texaco, which said its bankrupcty protection
+measure will not affect the majority of its businesses, may
+find industry reaction stronger than anticipated.
+    "Texaco tried to buy substantial volumes of gasoline on the
+U.S. Gulf on Friday but no one offered to them," one trading
+house source said.
+    One U.S. Major is reviewing its relationship with Texaco,
+and an international oil trading company, while continuing
+limited transactions with Texaco, will send its lawyers to meet
+with the company tonight in New York, oil sources said.
+    But one Japanese oil company, which holds several joint
+venture oil exploration interests with Texaco, said business
+would continue as usual pending the outcome of the dispute, a
+company spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="705" NEWID="16170">
+<DATE>13-APR-1987 06:51:32.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0449&#31;reute
+u f BC-CREDIT-COMMERCIAL-DE   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT COMMERCIAL DE FRANCE SPLITS SHARES</TITLE>
+<DATELINE>    PARIS, April 13 - </DATELINE><BODY>French commercial bank Credit Commercial
+de France has split each of its shares into four to increase
+the number of shares on offer when it is privatised at the end
+of this month, a company official said.
+    He told Reuters a general assembly had passed a proposal
+splitting 10.33 mln shares of 100 francs nominal into around
+41.32 mln shares of 25 francs nominal.
+    Market sources have put the total value of CCF's selloff at
+between four and five billion francs. The bank said the share
+sale price was likely to be announced on April 24, before the
+launch of a public flotation offer on April 27.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="706" NEWID="16171">
+<DATE>13-APR-1987 06:52:21.21</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0451&#31;reute
+u f BC-WEST-GERMAN-INSTITUTE   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN INSTITUTES CALL FOR EARLY TAX CUTS</TITLE>
+<DATELINE>    BONN, April 13 - </DATELINE><BODY>The five leading West German economic
+research institutes said the government should do more to
+stimulate economic growth and called for early introduction of
+tax cuts planned for 1990.
+    In their joint spring report the institutes were divided
+about 1987 growth forecasts, with three predicting two pct
+expansion and the other two only one pct growth. Gross national
+product grew 2.4 pct last year.
+    But the report said all the institutes believed that "more
+must be done to produce dynamic growth so that more additional
+jobs can be created."
+    The institutes said any step which improved basic economic
+conditions should be taken as quickly as possible. "From this
+point of view, the tax reform planned for 1990 should be
+brought forward."
+    The government plans gross tax reductions of 44 billion
+marks as part of the major tax reform. The net tax relief from
+the tax reform will amount to 25 billion marks.
+    However, the institutes criticised the government, not only
+for the timing of the reform, but also because the question of
+its financing had been left open.
+    The government has not specified how the remaining 19
+billion marks of the tax reduction package will be paid for,
+though it has said it wants to cut state subsidies.
+    The institutes said this lack of clarity from Bonn had
+caused uncertainty among companies and households as to what
+exactly they would receive from the tax reform and urged a
+quick decision from the government.
+    They also said the government should reduce tax
+preferences, which would simplify the fiscal system, urged a
+restriction of state spending and called for no increase in
+value-added tax.
+    The institutes also criticised Bonn for increasing
+subsidies at a time further reductions had been pledged.
+    They referred specifically to a doubling of special
+writedowns for small and medium sized companies announced in a
+package of tax adjustments planned for 1988 and described this
+as an increase in subsidies.
+    The institutes said total subsidies, including tax
+preferences, had reached 80 billion marks in 1985 and risen
+further since then. Given the scope of these subsidies, it
+should be possible "despite ... Major political difficulties" to
+finance the tax reform by cutting state handouts.
+    The institutes said that if the government raised value
+added tax or other indirect taxes a large portion of the
+positive effects resulting from lower taxes would be lost.
+    The report also noted that the government was progressing
+only slowly with its plans to privatise state companies and
+said more deregulation was needed. The government had to aim
+for more competition, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="707" NEWID="16172">
+<DATE>13-APR-1987 07:02:16.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0471&#31;reute
+f f BC-Glaxo-pre-tax-profit   04-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Glaxo pre-tax profit 376 mln stg vs 260 mln in six months to end-December
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="708" NEWID="16173">
+<DATE>13-APR-1987 07:04:02.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0477&#31;reute
+u f BC-HILLSDOWN-BUYS-BEDDIN   04-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HILLSDOWN BUYS BEDDING COMPANIES FOR 23 MLN DLRS</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Hillsdown Holdings Plc &lt;HLDN.L> said its
+Christie-Tyler Ltd unit would buy the European bedding making
+interests of Simmons Co U.S.A., Owned by Gulf and Western
+Industries Inc USA &lt;GW>, for 23 mln dlrs.
+    The acquisitions include &lt;Sleepeeze Ltd> in the U.K.,
+&lt;Compagnie Continentale Simmons SA> in France and &lt;Compagnia
+Italiana Simmons SpA> in Italy.
+    In 1986 the three businesses made pre-tax profit of around
+2.5 mln stg on sales of 39 mln stg. Net assets being acquired
+come to around nine mln stg.
+    Hillsdown shares were unchanged at 266p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="709" NEWID="16174">
+<DATE>13-APR-1987 07:07:37.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0489&#31;reute
+u f BC-EC-COULD-DECIDE-ON-JA   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COULD DECIDE ON JAPAN TRADE MOVES IN LATE MAY</TITLE>
+<AUTHOR>    By Gerrard Raven, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, April 13 - </DATELINE><BODY>The European Community (EC) has
+effectively given Japan six weeks to take moves to open its
+market to imports before it decides on possible tough
+retaliatory trade measures, EC diplomats said.
+    They said EC foreign ministers will meet on May 25 and 26
+to review the state of trade relations between the two sides.
+    The EC executive commission was asked by representatives of
+member states on Friday to propose a renunciation of some EC
+pledges to the world trade body, GATT, unless there are
+"adequate and early measures to open the Japanese market."
+    Such a renunciation would be the first step to imposing
+stiff increases in duties, or quantitative limits, on Japanese
+exports.
+    The diplomats said it was unlikely that the issue would be
+discussed in detail at the next meeting of EC foreign ministers
+on April 27 and 28 in Luxembourg as time was needed to prepare
+proposals for possible retaliatory action.
+    They said the commission has powers to take some limited
+action before getting ministerial approval to prevent Japanese
+exports of electrical, photographic and other goods being
+diverted to Europe in the wake of possible U.S. Tariff moves.
+    In May, the ministers are also likely to discuss how to
+prevent Japan from getting an extra trading advantage as a
+result of Spain and Portugal joining the bloc, which obliges
+them gradually to reduce tariffs on many industrial goods.
+    Meanwhile, Japan's trade surplus with the Community has
+grown steadily, registering a record 2.13 billion dlrs in
+March.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="710" NEWID="16175">
+<DATE>13-APR-1987 07:10:03.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0493&#31;reute
+b f BC-GLAXO-PROFITS-UP-SHAR   04-13 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLAXO PROFITS UP SHARPLY, DIVIDEND RAISED</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Six months to end-December
+    Shr 32.6p vs 22.3p
+    Div 5.0p vs 4.0p
+    Pre-tax profit 376 mln stg vs 260 mln
+    Turnover 883 mln vs 686 mln
+    Tax 133 mln vs 94 mln
+    Note - company full name is Glaxo Holdings Plc &lt;GLXO.L>.
+    Trading profit 338 mln vs 233 mln
+    Share of profits of associates 14 mln vs seven mln
+    Investment income less interest payable 24 mln vs 20 mln
+    Profit after tax 243 mln vs 166 mln
+    Minority interests two mln vs one mln
+    Extraordianry credit eight mln vs nil
+    Turnover includes -
+    Continuing activities 875 mln vs 647 mln
+    Discontinued activities eight mln vs 39 mln
+    U.K. 111 mln vs 91 mln
+    Europe 299 mln vs 218 mln
+    North America 334 mln vs 229 mln
+    Central and South America 21 mln vs 20 mln
+    Africa and Middle East 29 mln vs 23 mln
+    South East Asia and Far East 57 mln vs 47 mln
+    Australasia 24 mln vs 19 mln
+    Anti-peptic ulcerants 414 mln vs 285 mln
+    Systemic antibiotics 112 mln vs 82 mln
+    Respiratory system 183 mln vs 141 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="711" NEWID="16176">
+<DATE>13-APR-1987 07:10:46.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0496&#31;reute
+u f BC-TAKEOVER-BATTLE-FOR-D   04-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAKEOVER BATTLE FOR DOME PETROLEUM BEGINS</TITLE>
+<AUTHOR>    By Solange De Santis, Reuters</AUTHOR>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>A takeover battle began today for
+debt-burdened Dome Petroleum Ltd &lt;DMP.MO> as TransCanada
+PipeLines Ltd &lt;TRP.TO> announced a 4.3 billion dlr offer and
+Dome said it is continuing talks with other possible buyers.
+    Companies mentioned in market speculation as potential
+buyers for Dome include Imperial Oil Ltd &lt;IMO.A> which is 70
+pct owned by Exxon Corp &lt;XON.N>, &lt;PanCanadian Petroleum Ltd>
+which is 87 pct owned by the conglomerate Canadian Pacific Ltd
+&lt;CP.N> and British Petroleum Co Plc &lt;BP.L>.
+    Along with the TransCanada offer, Dome has had another
+proposal from "a substantial company" and discussions with a
+third company which could lead to an offer, Dome said in a
+statement.
+    The statement confirmed Dome received TransCanada's bid,
+but did not identify the companies involved in talks.
+    TransCanada, Canada's largest natural gas pipeline
+operator, said it is offering Dome a package of cash, common
+and preferred shares, and shares in a new subsidiary which
+would own and operate Dome's assets. TransCanada said the offer
+is to Dome management, not to shareholders.
+    Dome has massive oil and gas landholdings in Canada,
+totalling 36.1 mln acres of which 7.4 mln have been developed.
+It also has tax credits worth about 2.5 billion dlrs.
+    Dome's statement said the TransCanada announcement "violated
+the terms and spirit of a confidentiality agreement entered
+into with prospective purchasers" and was apparently timed to
+prevent Dome from considering other proposals.
+    It said the TransCanada bid "seems to require favourable and
+substantial taxation concessions from the federal and
+provincial governments." But Dome added that its management and
+financial advisers will evaluate all proposals.
+    TransCanada chief financial officer H. Neil Nichols said he
+was surprised at the vehemence of Dome's statement and denied
+that TransCanada was trying to usurp other bids. "I find (Dome's
+statement) very bothersome. Once the board made the decision to
+authorise the proposal, it had a legal obligation to announce
+it," he said. Nichols said he did not know the identity of the
+other bidders, or the terms of other offers.
+    Dome common shares closed at 1.13 dlrs on Friday on the
+Toronto Stock Exchange. The preferred class A stock closed at
+5.00 dlrs. Common stock traded as high as 25.00 dlrs in 1981.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="712" NEWID="16177">
+<DATE>13-APR-1987 07:12:28.87</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0503&#31;reute
+r f BC-BANK-OF-JAPAN-TO-SELL   04-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 800 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>The Bank of Japan will sell 800 billion
+yen in deficit financing bills today through 51-day repurchase
+agreements maturing June 3 to help absorb a projected money
+market surplus, money traders said.
+    The operation will raise the outstanding supply of the
+bills to a record 4,800 billion yen.
+    The yield on the bills for sale to banks and securities
+houses from money houses will be 3.8999 pct compared with the
+two-month commercial bill discount rate today of 3.8750 pct and
+the two-month certificate of deposit rate of 4.13/00 pct.
+    The traders estimated the surplus today at about 1,800
+billion yen.
+    They said it is mainly due to 1,300 billion yen of
+government tax allocations to local governments and public
+entities and to excessive banking system cash holdings due to
+continuous large central bank dollar purchases.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="713" NEWID="16178">
+<DATE>13-APR-1987 07:18:10.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0512&#31;reute
+r f BC-ITALIAN-BANKS-TO-SIGN   04-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN BANKS TO SIGN ACCORD WITH SOVIET BANKS</TITLE>
+<DATELINE>    MILAN, April 13 - </DATELINE><BODY>Italian state-owned bank Banca
+Commerciale Italiana, BCI, said it and Mediocredito Centrale
+will sign a joint venture pact with Soviet central bank Gosbank
+and Vneshtorgbank, the foreign trade financial institution.
+    A BCI spokesman told Reuters the agreement involves the
+banks providing financial services and taking equity stakes in
+joint Soviet-Italian industrial ventures.
+    Under the agreement, the Italian banks will have a 50 pct
+interest in a new firm to be formed by the four institutions.
+The accord is expected to be signed today or tomorrow at a
+Venice conference on East West trade, the spokesman said.
+    The spokesman said the joint venture company will operate
+primarily in the corporate finance sector. Additional details
+about the firm's activities were not available, he said.
+    BCI is Italy's second largest bank, while Mediocredito
+provides medium-term export financing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="714" NEWID="16179">
+<DATE>13-APR-1987 07:20:24.17</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0515&#31;reute
+u f BC-LME-CLARIFIES-NEW-ALU   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LME CLARIFIES NEW ALUMINIUM CONTRACT DETAILS</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>The London Metal Exchange (LME) has
+issued a note clarifying details on its new high grade
+aluminium contract, in response to questions from members
+following the announcement of the contract, due to start June
+1.
+ All deliverable shapes of aluminium under the high grade
+primary aluminium contract (minimum 99.7 pct purity) will also
+be deliverable against the standard primary aluminium contract
+(min 99.5 pct), the LME said.
+    Sows will not constitute good delivery against the standard
+contract until September 1, and 99.5 pct purity sows are not
+good delivery and cannot be placed on LME warrant.
+    The dollar quotation for the high grade contract will be in
+multiples of one U.S. Dollar but carries may be made at 50
+cents for even tonnages only.
+    Singapore, which is the first port warehouse outside Europe
+to be used as an LME delivery point, will be used for high
+grade metal only and the rent imposed by owners Steinweg will
+be 1.05 U.S. Dlr a tonne per week, the LME said.
+    The LME Board, in response to representation from the
+trade, agreed to annul from LME contracts the minimum weight
+requirements of 450 kilos for T-bars and 250 kilos for sows,
+effective for high grade on June 1 and for standard on July 24.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="715" NEWID="16180">
+<DATE>13-APR-1987 07:22:06.86</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>bahrain</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0518&#31;reute
+r f BC-YIELD-ON-91-DAY-SAMA   04-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YIELD ON 91-DAY SAMA DEPOSITS RISES</TITLE>
+<DATELINE>    BAHRAIN, April 13 - </DATELINE><BODY>The yield on 91-day bankers security
+deposit accounts issued this week by the Saudi Arabian Monetary
+Agency (SAMA) rose to 6.43896 pct from 6.21563 a week ago,
+bankers said.
+    SAMA lowered the offer price on the 500 mln riyal issue to
+98.39844 from 98.45313 last Monday. Like-dated interbank
+deposits were quoted today at 6-3/4, 5/8 pct.
+    SAMA offers a total of 1.9 billion riyals in 30, 91 and
+180-day accounts to banks in the Kingdom each week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="716" NEWID="16181">
+<DATE>13-APR-1987 07:22:46.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0519&#31;reute
+u f BC-NAKASONE'S-PARTY-SUFF   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE'S PARTY SUFFERS SETBACKS IN LOCAL POLLS</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>Japanese Prime Minister Yasuhiro
+Nakasone's unpopular plan to introduce a sales tax caused an
+electoral setback for his ruling Liberal Democratic Party (LDP)
+in Sunday's local elections, political analysts said.
+    The LDP retained its 11 prefectural governorships, but
+failed to restore a governorship in Fukuoka it had placed much
+importance on winning. In the prefectural assembly elections to
+fill 2,670 seats, the LDP has so far lost 92 of its previously
+held 1,487 seats to the socialists and communists.
+    Full election results should be available later today.
+    Discussing the election results with reporters, Nakasone
+said, "I wouldn't say the proposed five pct sales tax had no
+effect at all, but there were other factors, such as a low
+turnout and unusually cold weather."
+    The Home Affairs Ministry said the average turnout for the
+13 gubernatorial elections was a record low 59.78 pct while the
+prefectural assembly polls drew an average of 66.66 pct, also a
+record low.
+    Noboru Goto, president of the Japan Chamber of Commerce and
+Industry and a longtime friend of Nakasone, told reporters the
+impact of the sales tax on the LDP's setback was obvious.
+    "The government should take action (on the sales tax) in
+regard to the people's wishes," Goto said.
+    Nakasone and other LDP leaders have already hinted at a
+delay in the implementation of the tax, which had been
+scheduled for next January, and a possible cut in the rate.
+    "The most important thing now is to get parliamentary
+approval of the budget as soon as possible to arrest a rapid
+appreciation of the yen," Nakasone said. "We must implement
+measures to prop up the economy."
+    Opposition parties said the elections were a referendum on
+the tax and they will continue to demand its retraction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="717" NEWID="16182">
+<DATE>13-APR-1987 07:25:36.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0526&#31;reute
+u f BC-JAPAN-DENIES-REPORT-I   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DENIES REPORT IT MAY END CHIP PACT WITH U.S.</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>A Ministry of International Trade and
+Industry (MITI) official denied a local news agency report that
+Japan will end its seven-month-old semiconductor agreement with
+the U.S. If Washington imposes tariffs on 300 mln dlrs worth of
+Japanese electronic goods from April 17.
+    Kyodo News Agency reported a high-ranking MITI official as
+saying Japan would end the chip pact if the U.S. Implements the
+punitive tariffs.
+    Nothing new has been decided, the official said. As MITI
+said on Saturday, Japan would only pursue its rights under the
+General Agreement on Tariffs and Trade (GATT), he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="718" NEWID="16183">
+<DATE>13-APR-1987 07:25:45.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0527&#31;reute
+r f BC-TEXACO-&lt;TX>-EUROBONDS   04-13 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> EUROBONDS UNQUOTED AT MARKET OPENING</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Eurobonds for Texaco Inc subsidiaries
+were unquoted this morning as traders assessed the implications
+of the company's shock weekend decision to file for bankruptcy
+under Chapter 11 of U.S. Bankruptcy laws, eurobond dealers
+said.
+    The decision to file for bankruptcy follows a court
+decision that it had to post an 11 billion dlr bond to continue
+its court battles with Pennzoil Co &lt;PZL>.
+    One head trader at a U.S. Securities house said, "I don't
+want to be obstructive, but there genuinely is no market in
+Texaco bonds at the moment. Everyone is stunned by the decision
+(to file for bankruptcy) and can't really believe it."
+    One dealer noted that Texaco subsidiaries have outstanding
+eurobonds totalling over three billion dlrs out of total
+borrowings of some 6.8 billion dlrs.
+    He added that many of the fixed interest eurobonds - dollar
+straights - had been trading "basis only" for some time prior to
+this weekend's news. This means traders could quote a two way
+price for the bonds but would not be bound to trade them. Any
+trades would be negotiated.
+    He said that recently there appeared to have been some
+speculative buying of the bonds from the U.S. But that European
+investors had been overall sellers.
+    Dealers noted that under the Chapter 11 filing noteholders
+will receive no interest payments.
+    Texaco also has eurobonds outstanding which are convertible
+into Texaco Inc common stock - known as convertibles. Trading
+did not open in these issues either. One convertible dealer
+said, "We're waiting to see the result of today's court hearing."
+Texaco is applying today in the Texas courts for relief from
+having to post the court bond.
+    Texaco shares were being indicated by over the counter
+share dealers here at around 26 to 28 dlrs compared with
+Friday's close in New York of 31-7/8 dlrs.
+    Pennzoil shares were indicated at 85 to 87 dlrs compared
+with Friday's New York finish of 92-1/4 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="719" NEWID="16184">
+<DATE>13-APR-1987 07:29:36.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0535&#31;reute
+r f BC-U.S.-LAWMAKERS-URGE-J   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LAWMAKERS URGE JAPAN TO OPEN FINANCIAL MARKET</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>U.S. Legislators called on Japan to open
+its financial markets to more foreign participation and boost
+its efforts to head off growing U.S. Protectionism, a Foreign
+Ministry spokesman said.
+    "We have come to seek the opening of Japan's financial and
+banking markets," Jake Garn, ranking Republican on the Senate
+Banking Committee, told Prime Minister Yasuhiro Nakasone.
+    "Japan's financial and banking market is very large and
+increasingly sophisticated, but there is not yet true
+reciprocity between Japan and the United States in this market,"
+the ministry official quoted Garn as saying.
+    Nakasone replied that some problems exist over providing
+more seats on the Tokyo Stock Exchange for foreign firms, one
+of the main steps urged by the U.S. Delegation.
+    "But I promise to make Tokyo's markets as open as those of
+New York," he told Garn and three other legislators.
+    In separate talks with Finance Minister Kiichi Miyazawa,
+the U.S. Group also urged Japan to give U.S. Financial
+institutions a bigger role in the underwriting of long-term
+Japanese government bonds, a Finance Ministry spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="720" NEWID="16185">
+<DATE>13-APR-1987 07:30:51.35</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>yemen-arab-republic</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0539&#31;reute
+u f BC-NORTH-YEMEN-BOUGHT-WH   04-13 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH YEMEN BOUGHT WHITE SUGAR AT TENDER - TRADE</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>North Yemen at its weekend tender bought
+white sugar from a French operator acting on behalf of a Swiss
+house at 214.70 dlrs a tonne c and f, traders said.
+    The amount bought was not immediately available, although
+the country had sought 30,000 tonnes of June arrival whites,
+they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="721" NEWID="16186">
+<DATE>13-APR-1987 07:32:20.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0542&#31;reute
+u f BC-JAPAN-DENIES-REPORT-I   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DENIES REPORT IT MAY END CHIP PACT WITH U.S.</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>A Ministry of International Trade and
+Industry (MITI) official denied a local news agency report that
+Japan will end its seven-month-old semiconductor agreement with
+the U.S. If Washington imposes tariffs on 300 mln dlrs worth of
+Japanese electronic goods from April 17.
+    Kyodo News Agency reported a high-ranking MITI official as
+saying Japan would end the chip pact if the U.S. Implements the
+punitive tariffs.
+    Nothing new has been decided, the official said. As MITI
+said on Saturday, Japan would only pursue its rights under the
+General Agreement on Tariffs and Trade (GATT), he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="722" NEWID="16187">
+<DATE>13-APR-1987 07:32:38.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0543&#31;reute
+r f BC-JAPAN-WARNS-U.S.-IT-M   04-13 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN WARNS U.S. IT MAY RETALIATE IN TRADE ROW</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>Japan warned the United States it may
+take retaliatory measures if the U.S. imposes its planned trade
+sanctions on April 17, a senior government official said at the
+weekend.
+    Shinji Fukukawa, Vice Minister of the International Trade
+and Industry Ministry, said in a statement that Japan would
+consider measures under the General Agreement on Tariffs and
+Trade and other actions if the United States imposes 100 pct
+tariffs on some Japanese exports as planned next week.
+    However, Fukukawa said Japan was ready to continue trade
+talks with the United States despite its failure to convince
+America to call off the threatened tariffs during two days of
+emergency talks which ended in Washington on Friday.
+    In March President Reagan announced the sanctions in
+retaliation for what he called Japan's failure to honor a July
+1986 pact to stop dumping computer microchips in markets
+outside the U.S. and to open its home market to U.S. goods.
+    Fukukawa said the U.S. had not listened to Japan's
+explanation of its efforts to live up the pact. He saod the U.S
+had not given detailed reasons of why it planned tariffs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="723" NEWID="16188">
+<DATE>13-APR-1987 07:33:51.78</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0548&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-13 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 75 MLN STG ASSISTANCE</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>The Bank of England said it had provided
+the money market with 75 mln stg help in the morning session.
+This compares with the Bank's estimate that the system would
+face a shortage of around 400 mln stg today.
+    The central bank bought bank bills outright comprising two
+mln stg in band two at 9-13/16 pct, 15 mln stg in band three at
+9-3/4 pct and 58 mln stg in band three at 9-11/16 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="724" NEWID="16189">
+<DATE>13-APR-1987 07:38:36.25</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0556&#31;reute
+u f BC-JAPAN-CENTRAL-BANK-AC   04-13 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CENTRAL BANK ACTIVELY BUYS DOLLARS IN TOKYO</TITLE>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>The Bank of Japan actively bought dollars
+here in early afternoon trade at around 142.20 yen, dealers
+said.
+    The central bank had placed buy orders at that level and
+prevented the dollar from falling when it came under heavy
+selling pressure from investment trusts and trading houses,
+they said.
+    However, the intervention failed to boost the U.S. Currency
+significantly from the 142.20 yen level, they added.
+    The dollar was trading around its midday rate of 142.30
+yen. It had opened here at 141.85 yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="725" NEWID="16190">
+<DATE>13-APR-1987 07:40:51.51</DATE>
+<TOPICS><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0560&#31;reute
+u f BC-CURRENCY-MOVES-MAY-BE   04-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURRENCY MOVES MAY BE HURTING WORLD TRADE</TITLE>
+<AUTHOR>    By Eric Hall, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>Japanese trade figures are seriously
+challenging the entrenched view of policy makers of the Group
+of Seven industrialised nations that relative currency rates
+are the key to smoothing world trade problems.
+    Senior Japanese, U.S. And European officials in Tokyo say
+they are at a loss to fully explain the data, for if currencies
+are the key they ask, why then are are U.S. Exports to Japan
+shrinking?
+    What if manipulating currencies and driving the dollar down
+made world trade problems worse rather than solving them,
+fulfilling Federal Reserve chairman Paul Volcker's forecast of
+world trade recession?
+    U.S.-Japan trade has declined even after a 40 pct dollar
+fall against the yen since the September 1985 Group of Five
+pact in New York.
+    The lower dollar ought to have made U.S. Exports 40 pct
+more competitive in Japan. The officials, most of them
+economists, can offer no objective reason why they are not.
+    Worse, how are European Community sales to Japan rising
+rapidly when the European Currency Unit has until now declined
+only 11 pct against the yen.?
+    Last week's G-7 meeting in Washington has been widely
+interpreted as a sign from the policy makers that the dollar
+must go lower. So worst of all, what if Volcker is correct?
+    At a loss to give an objective explanation, officials can
+only offer explanations which tend to be highly subjective.
+    "I don't know and I don't think anyone knows," said Hugh
+Richardson, acting head of the EC delegation in Tokyo.
+    "What I do know is that Community exporters are making a
+hell of an effort in this market. If you make an effort, there
+is money to be made in Japan," he added.
+    But U.S. Officials and businessmen are convinced low U.S.
+Exports to Japan are Japan's fault. They cite restrictive trade
+practices, protected Japanese trade sectors, such as
+agriculture, and non-tariff barriers, such as unreasonable
+checking and customs procedures for car imports.
+    Publicly, Japanese officials remain conciliatory in the
+face of what they see as U.S. Aggression. In private, they
+blame U.S. Industry for being uncompetitive.
+    "We see it that way, but we don't like to seem arrogant,"
+said a senior official, who declined to be named. "We like to
+refrain from accusing them of not making enough effort."
+    Industrialists such as Eishiro Saito, chairman of the
+Keidanren business group, and Sony Corp chairman Akio Morita
+repeatedly accuse foreign firms of not making enough effort to
+understand Japan's markets, and some foreigners agree. "The real
+issue is the inability of major sectors of American and
+European industry to compete not only internationally but even
+in their home markets," Peter Huggler, President of Interallianz
+Bank Zurich, told a recent conference in Switzerland.
+REUTER...^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="726" NEWID="16191">
+<DATE>13-APR-1987 07:41:32.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0561&#31;reute
+u f BC-TURKEY-TO-APPLY-FOR-E   04-13 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY TO APPLY FOR EC MEMBERSHIP</TITLE>
+<DATELINE>    ANKARA, April 13 - </DATELINE><BODY>Turkey is to apply tomorrow for European
+Community membership, Foreign Ministry officials said.
+    They told Reuters that Minister of State Ali Bozer would
+lodge the application in Brussels with Belgian Foreign Minister
+Leo Tindemans.
+    Turkey would be the 13th member of the group, of which
+Belgium is current president.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="727" NEWID="16192">
+<DATE>13-APR-1987 07:50:34.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M
+&#22;&#22;&#1;f0572&#31;reute
+u f BC-GERMAN-METALWORKERS'   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN METALWORKERS' WAGE TALKS BEGIN WEDNESDAY</TITLE>
+<DATELINE>    FRANKFURT, April 13 - </DATELINE><BODY>Negotiations scheduled between the
+metalworkers' IG Metall union and employers to resolve an
+impasse over a new contract will start on Wednesday, the union
+said in a statement.
+    IG Metall is demanding a 35-hour week, with a parallel
+increase in wages of five pct. Employers Gesamtmetall have
+offered a half-hour shortening in the current working week, to
+38 hours, and an initial rise of 2.8 pct.
+    IG Metall, under newly-elected leader Franz Steinkuehler,
+proposed the talks on Thursday, after regional negotiations in
+the northern part of the state of Baden-Wuerttemberg collapsed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="728" NEWID="16193">
+<DATE>13-APR-1987 07:58:05.84</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0588&#31;reute
+u f BC-SAUDI-ARABIA-SEEKING   04-13 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA SEEKING RBD PALM OLEIN</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Saudi Arabia is in the market for 4,000
+tonnes of refined bleached deodorised palm olein for June 1/10
+shipment, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="729" NEWID="16194">
+<DATE>13-APR-1987 08:01:31.65</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0597&#31;reute
+u f BC-METAL-BULLETIN-ZINC-P   04-13 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METAL BULLETIN ZINC PRODUCER PRICE</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>The London based trade journal "METAL
+BULLETIN'S" average producer price of good ordinary brand zinc
+for week ended April 10 is 790.00 dlrs per tonne.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="730" NEWID="16195">
+<DATE>13-APR-1987 08:02:05.70</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0599&#31;reute
+u f BC-U.K.-PRODUCER-PRICES   04-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. PRODUCER PRICES SEEN MOVED BY TECHNICALITIES</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>U.K. Producer price data for March were
+roughly as expected after taking into account technical factors
+which affected the year-on-year outcome, economic analysts
+said.
+    The figures showed a 0.3 pct provisional, non-seasonally
+adjusted rise in output prices in March, unchanged from
+February and close to the average for the last six months.
+    The year-on-year rise was put at 3.7 pct, down from 4.2 pct
+in February.
+    But Chris Tinker, economist at brokerage house Phillips and
+Drew, said the drop in the year-on-year rate mainly reflected a
+rise in excise duties which affected the index in March last
+year.
+    He cautioned that it was dangerous to read too much into
+the monthly figure, adding that a rise of only 0.2 pct in April
+would take the year-on-year rise back above 4.2 pct.
+    Analysts also noted that a drop in manufacturers' input
+prices was almost entirely due to anticipated seasonal factors
+such as a fall in industrial electricity costs.
+    Duncan Squire of Lloyds Merchant Bank said the figures were
+slightly disappointing in that the strengthening of sterling
+had not yet reduced input prices as much as expected.
+    Both he and Tinker said this factor should help keep input
+costs down over the next few months, although Tinker added that
+last year's fall in oil prices is now about to drop out of the
+year-on-year comparisons and is likely to lead to a return to
+rises in the index rather than falls.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="731" NEWID="16196">
+<DATE>13-APR-1987 08:06:33.22</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>bangemann</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0612&#31;reute
+u f BC-BANGEMANN-REJECTS-CAL   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGEMANN REJECTS CALL FOR EARLY TAX CUTS</TITLE>
+<DATELINE>    BONN, April 13 - </DATELINE><BODY>West German Economics Minister Martin
+Bangemann indirectly rejected a call from the country's leading
+economic research institutes for early introduction of a major
+tax reform involving gross tax cuts of 44 billion marks.
+    In a statement reacting to the five institutes' joint
+spring report, Bangemann said that as far as the call for
+bringing forward the 1990 tax reform was concerned --
+    "The government points out that the positive effects for
+growth of its policy of consolidation (cutting the budget
+deficit) must not be allowed to be endangered."
+    Bangemann also recalled that the scope of tax cuts planned
+for 1988 had already been increased.
+    Three institutes predicted two pct economic growth in 1987,
+with exports falling by 0.5 pct. The other two saw only one pct
+growth and said exports would fall 2.5 pct.
+    Bangemann said "The government, agreeing with the majority,
+sees no reason for the extraordinarily pessimistic estimate for
+exports expressed by the minority."
+    He said there was reason to believe that export demand
+would start to rise in the course of the year, partly because
+of a further increase in world trade.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="732" NEWID="16197">
+<DATE>13-APR-1987 08:07:53.89</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0617&#31;reute
+u f BC-ITALIAN-GDP-ROSE-2.4   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN GDP ROSE 2.4 PCT IN 1986 FOURTH QUARTER</TITLE>
+<DATELINE>    ROME, April 13 - </DATELINE><BODY>Italy's Gross Domestic Product, calculated
+at 1980 prices, rose 2.4 pct in the fourth quarter of 1986,
+compared with the same period in 1985, National Statistics
+Institute ISTAT said.
+    ISTAT said in a statement that GDP growth in fourth quarter
+1986 was zero compared with the preceding quarter. Italy's
+budget ministry said last month that 1986 GDP rose 2.7 pct in
+real terms from 1985.
+    Imports in the fourth quarter totalled 26,361 billion lire,
+down 1.4 pct from the 1985 fourth quarter and down 6.6 pct from
+the third 1986 quarter, ISTAT said.
+    Istat said exports totaled 23,190 billion lire in the
+fourth quarter, down 4.1 pct from the comparable 1985 quarter
+and down 6.7 pct from the third quarter in 1986.
+    Fixed investments were 23,438 billion lire in the fourth
+quarter, down 0.7 pct from the preceding quarter and up 1.1 pct
+from the comparable 1985 quarter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="733" NEWID="16198">
+<DATE>13-APR-1987 08:09:00.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0623&#31;reute
+u f BC-FURTHER-WEAKNESS-SEEN   04-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FURTHER WEAKNESS SEEN IN TOKYO STOCKS IN NEAR TERM</TITLE>
+<AUTHOR>    By James Kynge, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>Tokyo share prices are expected to weaken
+further for about a week, following a sharp drop which at one
+time today saw the Nikkei Dow index down 571.01 points in
+mid-afternoon trading, brokers said.
+    They said uncertainty caused by disputes between Japan and
+its main trading partners will continue to deter investors from
+equities.
+    The market index, which closed the day 297.05 points down
+at 22,919.54, will probably end the present downturn at around
+22,300 points, brokers predicted.
+    "This is just a short-term correction and the market will
+probably end up at about 22,300 in about a week's time," said a
+broker at Nomura Securities Co.
+    He said that today's late recovery from afternoon lows
+showed that investors were still hunting bargains in
+anticipation of an upturn.
+    Brokers reiterated expectations of an imminent cut in
+Japan's 2.5 pct discount rate, a factor seen to be diverting
+money from bank accounts into stocks and boosting the market.
+    Securities company, bank and insurance issues, likely to
+benefit from a rate cut, were bought in late trading.
+    The Nomura broker said he expects the rate cut in May or
+June, after Prime Minister Yasuhiro Nakasone's scheduled visit
+to Washington on April 29. Nakasone is expected to seek an end
+to Japanese-U.S. Trade disputes which are hurting investor
+confidence.
+    "Until we see some concerted effort by the Japanese to halt
+the yen's rise against the dollar and settle trade disputes,
+the market will stay low," said head of equities at Jardine
+Fleming Securities Co, Mario Malt.
+    Malt said current talks between the countries were
+inflammatory and damaged stockmarket optimism.
+    Brokers also said that Japan's ruling Liberal Democratic
+Party has to show it still rules, after Sunday's nationwide
+local elections showed dwindling support.
+    "It raises doubts on whether the LDP can push through the
+reforms it planned for this year," said one broker.
+    Top policy priorities this year are deregulation of
+financial activities, stimulation of domestic demand to boost
+imports and removal of agricultural subsidies.
+    If these policies are abandoned or scaled down, stockmarket
+investors will have few reasons to buy stocks, brokers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="734" NEWID="16199">
+<DATE>13-APR-1987 08:12:00.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0647&#31;reute
+r f BC-TWO-UTAH-FINANCIAL-IN   04-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO UTAH FINANCIAL INSTITUTIONS FAIL</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Two Utah financial institutions, the
+Bank of Iron County and Summit Savings and Loan Association,
+have failed, official spokesmen said.
+    The board of directors of the Federal Deposit Insurance
+Corporation (FDIC) has approved the assumption of the deposit
+liabilities of Bank of Iron County, Parowan, Utah, by Dixie
+State Bank, St George, Utah, an FDIC spokesman said.
+    The bank, which had total assets of 20.1 mln dlrs, was the
+first bank in Utah to fail this year and the 59th nationwide.
+    Its three offices will reopen today as branches of Dixie
+State Bank and its depositors will automatically become
+depositors of the assuming bank.
+    Dixie State Bank will assume about 19.9 mln dlrs in 6,300
+deposit accounts and will purchase all of the failed bank's
+assets at a discount of 3.575 mln dlrs.
+    The Federal Home Loan Bank Board closed Summit Savings and
+Loan Association, Park City, Utah, and directed the Federal
+Savings and Loan Insurance Corporation (FSLIC) to transfer an
+estimated 116.9 mln dlrs in insured deposits to United Savings
+and Loan Association, Ogden, Utah, an FSLIC spokesman said.
+    Summit, a 120.8 mln dlr institution, was insolvent, the
+spokesman said. The bank board appointed the FSLIC as
+conservator for the association on April 14, 1986.
+    Summit has since operated as part of the bank board's
+Management Consignment Program. United Savings has 205 mln dlrs
+in assets and nine offices in Utah, and one in Idaho.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="735" NEWID="16200">
+<DATE>13-APR-1987 08:12:29.28</DATE>
+<TOPICS><D>dlr</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>france</D><D>west-germany</D><D>canada</D><D>italy</D><D>japan</D></PLACES>
+<PEOPLE><D>james-baker</D><D>stoltenberg</D><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0650&#31;reute
+r f BC-G-7-SEEMS-WORRIED-MAR   04-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 SEEMS WORRIED MARKETS IGNORE COORDINATION</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Top officials of leading industrial
+nations appear deeply worried that financial markets have
+ignored their efforts to coordinate policies, which they
+believe they strengthened in talks last week.
+    Monetary sources said officials were exasperated that the
+markets, which drove the dollar rapidly lower and severely
+disrupted bond and stock markets too, did not take heed of the
+policy commitments of the Group of Seven -- the United States,
+Japan, West Germany, France, Britain, Italy and Canada.
+    Treasury Secretary James Baker went out of his way to
+reassure markets of his commitment to a stable dollar with a
+statement, and French Finance Minister Edouard Balladur
+underscored that by saying: "I don't believe at all that the
+Americans want a weaker dollar."
+    West German Finance Minister Gerhard Stoltenberg said the
+dollar's latest rapid descent "involves the risk -- now already
+a tangible threat -- of a new strong surge of inflation,
+leading to a renewed rise in interest rates."
+    But there were signs too, that while policymakers feared
+the market uproar, they seemed to accept there was little they
+could do until the economic picture changed, and currencies
+settled into a stable pattern as a result.
+    Nor did there seem to be any enthusiasm at last week's
+semi-annual meetings of the IMF and the World Bank for higher
+U.S. Interest rates as the best way to curb the dollar's rapid
+descent. That distaste stems in part from fears of recession.
+    Outgoing Deputy Treasury Secretary Richard Darman told
+television interviewers he did not think a policy of driving
+the dollar down would solve the U.S. trade deficit.
+    "It would slow growth in Germany and Japan which would
+adversely affect our trade balance and ultimately it would
+drive interest rates up here which would throw us, if not
+(into) recession, into slower growth," he said.
+    Asked if higher U.S. Interest rates would stabilize the
+dollar, Balladur said: "When a currency is maintained
+artificially high, by artificially high interest rates, it is
+not healthy."
+    And resorting to higher interest rates could lead to
+recession, he said.
+    Acknowledging the dollar's latest slide was now a fact of
+life, Balladur said, "there may be adjustments of course in one
+or other currencies, this is not a fixed rate system."
+    But Federal Reserve Board chairman Paul Volcker said he
+might rein in credit if the dollar's slide deepens.
+    U.S. Monetary sources also said Washington wanted it
+understood by markets the seven's commitments were genuine.
+    "The United States and the six major industrial countries
+are fully committed to implementing our undertakings in these
+agreements," Baker told the meetings.
+    Darman said Baker had been misinterpreted by markets which
+wrongly believed earlier remarks suggested he wanted a further
+decline in the dollar. Baker, Darman said, was committed to
+stabilizing currencies at current levels.
+    Last week's statement from the seven reaffirmed a February
+22 agreement in Paris in which the Reagan administration agreed
+to reach a budget deficit compromise with Congress and to fight
+protectionism.
+    West Germany and Japan, meanwhile, agreed to stimulate
+domestic demand and lead a global upturn.
+    Ministers believed the Paris pact was bolstered by Japan's
+promise of a 35 billion dlr supplementary budget.
+    The sources said they believed Baker saw it as a major
+action. But the seven seem to accept their commitment to stable
+currencies applied to today's exchange rates and not those at
+the time of the Paris agreement, when the dollar stood higher.
+    The Paris accord said, "currencies (are) within ranges
+broadly consistent with underlying economic fundamentals, given
+the policy commitments summarized in this statement."
+    Now they accept the dollar's lower level, especially
+against the yen, as hard reality that is nonetheless consistent
+with the agreement. "The ministers and governors reaffirmed the
+view that around current levels their currencies are within
+ranges broadly consistent with fundamentals," last week's
+statement read.
+    Monetary sources said policymakers understood markets were
+focusing on instability created by the gap between the U.S.
+Trade deficit and the surpluses of West Germany and Japan
+rather than prospective policy changes. European monetary
+sources said Bonn was still unconvinced that Washington meant
+business with its commitment to cut the budget deficit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="736" NEWID="16201">
+<DATE>13-APR-1987 08:16:36.57</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0670&#31;reute
+u f BC-INSTITUTES-SEE-NO-WES   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSTITUTES SEE NO WEST GERMAN RECESSION</TITLE>
+<DATELINE>    BONN, April 13 - </DATELINE><BODY>The five leading West German economic
+research institutes, which have revised down their forecasts
+for 1987 growth, do not predict a recession in West Germany,
+their spokesman, Hans-Juergen Schmahl said.
+    The institutes were divided in their spring report on
+forecasts for 1987, with three predicting two pct growth and
+two seeing only one pct expansion. Growth was 2.4 pct in 1986.
+    Schmahl, presenting the report at a news conference, said,
+"None of the institutes reckons with a recession or with the
+beginning of a recession." He added, however, that exports
+remained the weak point of the economy .
+    Schmahl also said West Germany would have to expect further
+encroachments of foreign goods onto its markets.
+    Arthur Krumper of Munich's Ifo institute, which with the
+DIW of West Berlin had presented the more pessimistic view of
+the economy, said, "The braking effects (on the economy)
+produced by external factors will remain considerable for most
+of the year."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="737" NEWID="16202">
+<DATE>13-APR-1987 08:16:56.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0673&#31;reute
+r f BC-DEPOSIT-GUARANTY-CORP   04-13 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEPOSIT GUARANTY CORP &lt;DEPS> 1ST QTR NET</TITLE>
+<DATELINE>    JACKSON, Miss., April 13 -
+    </DATELINE><BODY>Shr 1.11 dlrs vs 1.10 dlrs
+    Shr diluted 1.03 dlrs vs 1.02 dlrs
+    Net 8,186,000 vs 8,114,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="738" NEWID="16203">
+<DATE>13-APR-1987 08:17:05.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0674&#31;reute
+r f BC-COMPUTER-ASSOCIATES-&lt;   04-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER ASSOCIATES &lt;CA> STARTS BPI &lt;BPII> BID</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Computer Associates International Inc
+said it has started its previously-announced 1.92 dlr per share
+tender offer for all shares of BPI Systems Inc.
+    In a newspaper advertisement, the company said the offer,
+which has been approved by the BPI board and is to be followed
+by a merger at the same price, is conditioned on receipt of at
+least 1,813,742 shares.  The offer and withdrawal rights expire
+May 15 unless extended.
+    In addition to shares sought in the tender, shareholders of
+BPI owning 1,951,720 shares or 34.6 pct have agreed to sell
+their shares to Computer Associates for the tender price.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="739" NEWID="16204">
+<DATE>13-APR-1987 08:17:25.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0675&#31;reute
+u f BC-SAUNDERS-DENIES-"PAPE   04-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUNDERS DENIES "PAPER SHREDDING" ALLEGATIONS</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Former Guinness Plc &lt;GUIN.L> chairman
+Ernest Saunders dismissed allegations he ordered the shredding
+of documents in the early stages of a U.K. Investigation as
+"completely untrue," the Press Association news agency reported.
+The allegations were made by his former personal assistant
+Margaret McGrath, in a statement to the High Court on Friday.
+    Saunders' reply was read out by his lawyer at the start of
+the fourth day of a hearing, on an application by Saunders and
+U.S. Lawyer Thomas Ward for the discharge of "asset-freezing"
+orders obtained by Guinness on March 18.
+    McGrath alleged that among the documents destroyed were
+papers from the files on the &lt;Distillers Co Plc> bid, as well
+as diaries, correspondence and an address book.
+    The temporary orders froze property owned by the two men
+valued about 5.2 mln stg, the sum paid by Guinness into a
+Jersey bank last May during the Distillers takeover.
+    They are also contesting orders requiring them to disclose
+the whereabouts of the money and hand it back to Guinness
+lawyers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="740" NEWID="16205">
+<DATE>13-APR-1987 08:19:02.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0678&#31;reute
+r f BC-BANK-BOARD-CLOSES-ORE   04-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK BOARD CLOSES OREGON SAVINGS ASSOCIATION</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The Federal Home Loan Bank Board
+said it had closed Future Savings and Loan Association of
+Albany, Ore., and transferred its insured deposits to
+Williamsburg Savings Bank of Salt Lake City, Utah.
+    Future had 6,614 accounts with total deposits of 57.3 mln
+dlrs. On Monday, its five branches in Oregon will open as
+branches of Williamsburg, which has 287 mln dlrs in assets and
+19 offices in Oregon, Washington state and Utah.
+    The Bank Board said it closed Future because the
+association was insolvent.
+    The Board said Future lost money on commercial real estate
+loans which were poorly underwritten and inadequately
+appraised. Future also violated regulations on the amount of
+money which could be loaned to one individual, the Board said.
+    Accounts of up to 100,000 dlrs at Future are insured by the
+Federal Savings and Loan Insurance Corp (FSLIC). Depositors
+with accounts of over 100,000 dlrs will share Future's assets
+on a pro rata basis after the assets have been liquidated.
+    Future was the ninth federal savings association to be
+closed this year compared with 21 in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="741" NEWID="16206">
+<DATE>13-APR-1987 08:19:22.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0681&#31;reute
+r f BC-KING-WORLD-PRODUCTION   04-13 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KING WORLD PRODUCTIONS INC &lt;KWP> 2ND QTR FEB 28</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Shr 21 cts vs eight cts
+    Net 6,597,000 vs 2,602,000
+    Revs 56.4 mln vs 23.2 mln
+    1st half
+    Shr 57 cts vs 32 cts
+    Net 17.6 mln vs 9,810,000
+    Revs 137.7 mln vs 76.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="742" NEWID="16207">
+<DATE>13-APR-1987 08:21:00.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0684&#31;reute
+u f BC-BLUE-CIRCLE-PROFITS,   04-13 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLUE CIRCLE PROFITS, DIVIDEND RISE</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Year to end-December Shr 76.7p vs 67.7p
+    Div 17p making 23p vs 21p
+    Pretax profit 127.0 mln stg vs 116.9 mln
+    Turnover 1.10 billion vs 947.2 mln
+    Tax 25.0 mln vs 26.3 mln
+    Note - company full name is Blue Circle Industries Plc
+&lt;BCIL.L>. Company said it proposes one-for-one capitalisation
+issue
+    Gross profit 390.9 mln vs 321.6 mln
+    Distribution costs 215.6 mln vs 177.6 mln
+    Administrative expenses 65.1 mln vs 58.9 mln
+    Other operating income 5.3 mln vs 11.0 mln
+    Share of profits of related companies 50.0 mln vs 58.1 mln
+    Operating profit 165.5 mln vs 154.2 mln
+    Net interest payable 33.6 mln vs 32.2 mln
+    Exceptional items 4.9 mln debit vs 5.1 mln debit
+    Minorities 3.4 mln vs 6.9 mln
+    Extraordinary items after tax 39.5 mln vs 4.2 mln
+    Pretax profit includes -
+    U.K. 37.7 mln vs 20.5 mln
+    U.S. 27.5 mln vs 22.8 mln
+    Mexico 15.0 mln vs 20.7 mln
+    Australasia 15.7 mln vs 13.2 mln
+    Africa 12.0 mln vs 12.6 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="743" NEWID="16208">
+<DATE>13-APR-1987 08:21:23.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0686&#31;reute
+u f BC-SPANISH-RAILWAY-WORKE   04-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH RAILWAY WORKERS CALL STRIKE</TITLE>
+<DATELINE>    MADRID, April 13 - </DATELINE><BODY>Railway cargo handlers yesterday called
+a three-day strike starting April 19 to press for higher wages,
+union sources said.
+    Workers of the Contratas Ferroviarias franchise firm, which
+is also responsible for train and railway station maintenance,
+are asking for an eight pct wage rise. The company has offered
+four pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="744" NEWID="16209">
+<DATE>13-APR-1987 08:23:44.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0688&#31;reute
+d f BC-NORTHROP-&lt;NOC>/EATON   04-13 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHROP &lt;NOC>/EATON &lt;ETN> IN HELICOPTER PROGRAM</TITLE>
+<DATELINE>    LOS ANGELES, April 13 - </DATELINE><BODY>Northrop Corp said it and Eaton
+Corp have been selected by the McDonnell Douglas Corp/Textron
+Inc team to codevelop the aircraft survivability equipment for
+the U.S. Army's light helicopter experimental program.
+    The Army is expected to pick contractors to produce the
+helicopters in 1992.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="745" NEWID="16210">
+<DATE>13-APR-1987 08:25:05.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0690&#31;reute
+r f BC-CRAZY-EDDIE-&lt;CRZY>-MA   04-13 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAZY EDDIE &lt;CRZY> MAY MAKE ACQUISITION</TITLE>
+<DATELINE>    EDISON, N.J., April 13 - </DATELINE><BODY>Crazy Eddie Inc said it is
+negotiating for the possible acquisition of Benel Distributors
+Ltd, which operates Crazy Eddie Record and Tape Asylums in all
+Crazy Eddie stores.
+    It said the acquisition would probably also include
+affiliate Disc-o-Mat Inc, which operates a number of record and
+tape stores in the New York metropolitan area.
+    Other details were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="746" NEWID="16211">
+<DATE>13-APR-1987 08:25:18.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0691&#31;reute
+r f BC-CRAZY-EDDIE-&lt;CRZY>-SE   04-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAZY EDDIE &lt;CRZY> SETS DEFENSIVE RIGHTS</TITLE>
+<DATELINE>    EDISON, N.J., April 13 - </DATELINE><BODY>Crazy Eddie Inc said its board has
+adopted a defensive shareholder rights plan and said it has
+received "friendly inquiries" on its acquisition.
+    It said under the plan, shareholdrs of record as of April
+21 will receive a right to purchase under certain circumstances
+at a price of 42 dlrs 0.01 preferred share for each common
+share held.  The rights will expire April Nine.
+    The company said the rights would be exercisable 20
+business days after a party were to acquire 20 pct or more of
+Crazy Eddie common stock or announce a tender or exchange offer
+that would result in ownership of 30 pct or more.
+    Crazy Eddie said if a party owning 20 pct or more of its
+stock were to merge into it or if a party were to acquire 40
+pct or more of Crazy Eddie stock, right holders other than the
+acquiring party would be entitled to acquire common shares or
+other securities or assets with a market value equal to twice
+the rights' exercise price.
+    If after a party acquired 20 pct or more of its stock Crazy
+Eddie were acquired or 50 pct of its earnings power or assets
+sold, rightholders other than the acquirer would be entitled to
+buy shares of the acquirer's common stock worth twice the
+rights' exercise price, the company said.
+    Crazy Eddie said if a party were to acquire 30 pct or more
+of its common stock and then fail to acquire Crazy Eddie within
+180 days thereafter, rightholders would be entitled to exchange
+their Crazy Eddie common stock for subordinated notes of Crazy
+Eddie maturing either one year or, above a certain dollar limt,
+five years after issuance.
+    Crazy Eddie said adoption of the plan is not in response to
+any known effort to acquire control of it.  But the company
+said it has become aware of some "possible accumulations" of
+its stock has has received some "friendly inquiries."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="747" NEWID="16212">
+<DATE>13-APR-1987 08:25:59.02</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0694&#31;reute
+r f BC-SIX-KILLED-IN-SOUTH-A   04-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIX KILLED IN SOUTH AFRICAN MINE</TITLE>
+<DATELINE>    JOHANNESBURG, April 13 - </DATELINE><BODY>Six workers were killed and four
+injured in an undeground rock fall at South Africa's second
+largest gold mine today, the mine owners said.
+    It was the third major mine accident in the country in less
+than a week.
+    Thirty four workers died in methane gas explosion at a coal
+mine last Thursday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="748" NEWID="16213">
+<DATE>13-APR-1987 08:30:39.58</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0703&#31;reute
+d f BC-ZAMBIA'S-KWACHA-FALLS   04-13 0145</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIA'S KWACHA FALLS AT WEEKLY AUCTION</TITLE>
+<DATELINE>    LUSAKA, April 13 - </DATELINE><BODY>The Zambian kwacha fell at this week's
+foreign exchange auction to 18.75 kwacha to the dollar from
+last week's 16.95, the Bank of Zambia said.
+    The rate was the lowest since the auctions resumed two
+weeks ago under a new two-tier exchange rate system worked out
+with the World Bank and International Monetary Fund.
+    The Bank of Zambia said it received 370 bids, ranging from
+13.00 to 20.75 kwacha, for the six mln dlrs on offer. One
+hundred and thirty-five bids were successful.
+    A British High Commission spokesman said Britain would put
+eight mln stg into the auction at a rate of one mln a week as
+soon as Zambia reached a full agreement with the IMF.
+    The money could be spent only on goods produced and
+supplied by British firms, excluding luxuries and defence
+equipment, the spokesman added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="749" NEWID="16214">
+<DATE>13-APR-1987 08:31:42.57</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0707&#31;reute
+r f BC-U.S.-SENATE-LEADER-CA   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE LEADER CALLS FOR INTEREST RATE CUTS</TITLE>
+<DATELINE>    WASHINGTON, April 12 - </DATELINE><BODY>Senate Finance Committee Chairman
+Lloyd Bentsen (D-Tex.) called on major industrial countries to
+make a pledge at the coming economic summit in Venice to cut
+interest rates.
+    "I think at the summit meeting in Venice what we ought to be
+trying to do is to get the other major industrial nations that
+are involved to bring interest rates down, say, one pct,"
+Bentsen told NBC Television's "Meet the Press."
+    Bentsen said coordinated rate cuts could take "billions off
+the debt service of the Latin countries" and help ease
+protectionist pressures in the industrial countries.
+    Bentsen also South Korea and Taiwan should be pressured to
+revalue their currencies in relation to the U.S. dollar.
+    "You take the Taiwanese, with an enormous capital surplus,
+enormous trade surplus, and we've had very little cooperation
+there," he said.
+    Departing Deputy Treasury Secretary Richard Darman told the
+same television network he agreed that the U.S. dollar had not
+fallen enough against the currencies of some countries.
+    "I think that more does have to be done there in
+negotiations with the countries involved, the so-called NICs
+(newly industrialized countries)," he said.
+    Darman said such negotiations with newly industrialized
+countries were underway privately.
+    Bentsen predicted Congress and the White House would agree
+on a fiscal 1988 budget that would raise between 18 and 22
+billion dlrs in new revenues.
+    The Texas senator said a series of excise taxes would be
+considered by Congress, including an extension of the telephone
+tax and new levies on liquor and cigarettes.
+    Bentsen said he supported an oil import fee, but that it
+would not happen without President Reagan's support.
+    Darman called for a "top level negotiation" between the White
+House and Congress on a budget compromise that would include
+asset sales, some excise taxes, cuts in middle-class
+entitlement programs, "a reasonable, steady rate of growth in
+defense" and reform of the budget process.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="750" NEWID="16215">
+<DATE>13-APR-1987 08:35:15.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0725&#31;reute
+u f BC-OFFER-FOR-DOME-MAY-SH   04-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OFFER FOR DOME MAY SHORT-CIRCUIT ITS DEBT TALKS</TITLE>
+<AUTHOR>    By Larry Welsh, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>A 3.22 billion dlr offer for Dome
+Petroleum Ltd &lt;DMP.MO> by TransCanada Pipelines Ltd &lt;TRP.TO>
+may short-circuit Dome's restructuring plan and open the door
+for more takeover bids, oil analysts said.
+    Dome is trying to get approval for a plan to refinance debt
+of more than 4.5 billion dlrs by July 1, 1987, when an interim
+debt plan that allowed the Canadian oil and gas firm to defer
+substantial payments to creditors will expire.
+    Analysts said TransCanada's bid signals Dome's debtholders
+that an alternative exists to Dome's debt plan.
+    Dome announced its plan to 56 major creditors as well as
+public noteholders in March after several months of delicate
+negotiations.
+    TransCanada's proposal "amounts to a quasi debt
+restructuring," oil analyst Doug Gowland of Brown Baldwin Nisker
+Ltd said from Toronto.
+    Calgary-based Dome's restructuring plan would allow
+creditors to convert debt to common shares under a formula yet
+to be negotiated. Payments on remaining debt would be linked to
+cash flow generated by assets pledged against the debt.
+    "The weakness of the whole debt-refinancing proposal is that
+even with approval of creditors, there is no assurance that
+Dome will in fact be able to repay all of its debt obligations,"
+said Wilf Gobert, an oil analyst for Peters and Co Ltd in
+Calgary.
+    TransCanada's announcement came as a surprise since Dome
+was waiting for responses from creditors on its proposed
+refinancing packages, Gobert said.
+    The TransCanada proposal could open the bidding for Dome
+since other potential buyers were probably waiting for lenders
+to agree to a restructuring, he added.
+    "I would think that the debtholders would want to entertain
+any and all offers (for Dome)," Gobert said.
+    Dome spokesman David Annesley said in New York that
+TransCanada's announcement could be seen as an attempt to fix
+the bidding price for Dome and an effort to preclude other
+possible buyers from making an offer. "By drawing attention to
+us in our discussions, it means that others may be a little
+reluctant to come forward," he said.
+    Dome does not consider TransCanada's proposal a formal
+offer because the pipeline utility's announcement breached a
+confidential agreement between the two companies, he said.
+    Dome responded to the statement by suspending discussions
+with TransCanada in order to pursue talks with other
+unidentified parties. However, Dome said its management and
+financial advisers would evaluate all proposals, including
+TransCanada's.
+    Gowland said TransCanada's offer is probably a fair price
+for the company's 36.1 mln acres of oil and gas land holdings.
+    However, he said not enough financial details are known
+about Dome's debt restructuring to compare the value of
+TransCanada's proposed offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="751" NEWID="16216">
+<DATE>13-APR-1987 08:36:48.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0731&#31;reute
+u f BC-SOSNOFF-RAISES-BID-FO   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOSNOFF RAISES BID FOR CAESARS WORLD &lt;CAW></TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Investor Martin T. Sosnoff said he has
+raised his offer for Caesars World Inc shares to 32 dlrs each
+from 28 dlrs and has reduced the number of shares he is seeking
+to 29.1 mln from all those not already owned.
+    In a newspaper advertisement, Sosnoff said the bid by his
+MTS Acquisition Corp, withdrawal rights and the proration
+period will now expire June 19 unless extended. The offer had
+been scheduled to expire May 15. In late March, Sosnoff said he
+had received a "negligible" number of shares in response to the
+offer, which had been rejected by Caesars as inadequate.
+    Sosnoff already owns about four mln of Caesars' 30 mln
+common shares now outstanding, or a 13.3 pct interest on a
+primary basis.
+    Last week, Caesars' board approved a recapitalization plan
+as an alternative to the Sosnoff offer under which shareholders
+would receive a special dividend of 25 dlrs per share, subject
+to approval by shareholders at a special meeting to be held in
+June.
+    The company planned to borrow 200 mln dlrs and sell 800 mln
+dlrs in debt to finance the payout.
+    Sosnoff said in the newspaper advertisement that the
+amended offer is conditioned on receipt of enough shares to
+give him a majority interest on a fully diluted basis and on
+the arrangement of financing, as well as to approvals by New
+Jersey and Nevada gaming authorities.
+    He said the tender would be the first step in acquiring all
+of Caesars' shares and if successful would be followed by a
+merger transaction.
+    Sosnoff said later in a statement that the 29.1 mln shares
+he is now seeking, together with the 4,217,675 shares he owns,
+would give him a 92.4 pct interest on a fully diluted basis.
+    He said he still has received only a "negligible" number of
+shares in response to his tender.
+    In a letter to Caesars' chairman Henry Gluck included in
+the statement, Sosnoff said Gluck had again refused, on April
+8, to meet with him, even though he had said he was willing to
+increase the price of his offer.
+    Sosnoff said the financing for the offer is almost fully in
+place.
+    Sosnoff said PaineWebber Group Inc &lt;PWJ> has now delivered
+to him commitments to purchase up to 475 mln dlrs of increasing
+dividend cumulative exchangeable preferred stock of MTS Holding
+Corp, an indirect parent corporation of MTS Acquisition.
+    He said Marine Midland Banks Inc &lt;MM>, which leads a
+syndicate that has provided commitments for a 500 mln dlr
+margin facility, believes it will be able to arrange for
+further commitments under the margin facility to advance up to
+an additional 25 mln dlrs that may be needed to permit the
+purchase of shares under the offer.
+    Sosnoff said under the merger that would follow his tender,
+each of the 2,750,000 Caesars shares not covered by the offer,
+or 7.6 pct on a fully diluted basis, would be converted into
+Series A preferred stock valued at 32 dlrs per shareby an
+independent investment baking firm.
+    He said "To the extent that fewer than 29,100,000 sdhares
+are purchased in the offer, the stockholders would receive a
+combination of cash and Series A preferred stock having a value
+of 32 dlrs per share of Caesars."
+    Sosnoff said he believes terms of his offer are superior to
+Caesars' recapitalization.
+    Sosnoff said he will be meeting this week with gaming
+officials in Nevada in an effort to expedite the investigatory
+process required for regulatory approval, a process that it
+already underway in New Jersey.
+    He said his offer has been extended based on the likely
+duration of the regulatory process.
+    He said he intends to further extend the offer if the
+approval process is not completed by the expiration date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="752" NEWID="16217">
+<DATE>13-APR-1987 08:38:07.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0734&#31;reute
+r f BC-CRAZY-EDDIE-&lt;CRZY>-EX   04-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAZY EDDIE &lt;CRZY> EXECUTIVE LEAVES BOARD</TITLE>
+<DATELINE>    EDISON, N.J., April 13 - </DATELINE><BODY>Crazy Eddie Inc executive vice
+president and chief financial officer Sam Antar, who turns 66
+soon, has resigned from its board and has been replaced by
+William H. Saltzman, vice president and general counsel of
+Sun/DIC Acquisition Corp.
+    Sam Antar and other executive vice presidents Mitchell
+Antar and Isaac Kairey were named to an Office of the President
+that took over the duties of chief executive officer from
+chairman Eddie Antar in January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="753" NEWID="16218">
+<DATE>13-APR-1987 08:38:17.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0735&#31;reute
+u f BC-SHULTZ-BEGINS-TALKS-W   04-13 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ BEGINS TALKS WITH SHEVARDNADZE</TITLE>
+<DATELINE>    MOSCOW, April 13 - </DATELINE><BODY>U.S. Secretary of State George Shultz
+and Soviet Foreign Minister Eduard Shevardnadze met today an in
+elegant Moscow mansion in pursuit of the first superpower arms
+control agreement in nearly a decade.
+    Shultz, accompanied by senior advisers and technical
+experts, arrived from Helsinki aboard a U.S. Air Force plane
+and went straight into a closed-door meeting with Shevardnadze
+and Soviet negotiators.
+    State Department spokesman Charles Redman told reporters
+that U.S. Arms control advisers had been told not to discuss
+the U.S. Proposals with the press.
+    U.S. Officials have been optimistic about the possibility
+of progress at the talks, scheduled to end on Wednesday.
+    Shultz has been more guarded, saying that if the Soviet
+officials approached the talks in the same constructive spirit
+as the Americans "we should be able to move the ball along in a
+very positive way."
+    Shultz is expected to protest about a spying network that
+has come to light at the U.S. Embassy and which has cast a
+shadow over his talks. For its part the Soviet Union has said
+its diplomatic missions in the United States are subjected to
+surveillance and has accused Washington of "spy-mania."
+    Shevardnadze met Shultz with a handshake at the door of the
+ornate guest house built by a Russian merchant, now belonging
+to the Foreign Ministry. Later, in the white marble room where
+the discussions were being held, they had to be prompted by
+photographers to shake hands again.
+    "There was no instinctive warmth," an observer said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="754" NEWID="16219">
+<DATE>13-APR-1987 08:44:42.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0759&#31;reute
+r f BC-COMPACT-VIDEO-INC-&lt;CV   04-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPACT VIDEO INC &lt;CVSI.O> YEAR LOSS</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Shr loss 67 cts vs loss two cts
+    Net loss 3,721,000 vs loss 107,000
+    Revs 155.7 mln vs 24.2 mln
+    NOTE: Results for 12 months ended Dec 31, 1986, and eight
+months ended Dec 31 1985. Because of the acquisition of Brooks
+Drug in September 1986 and the company's change of fiscal year,
+prior-year results are not comparable, Compact Video explained.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="755" NEWID="16220">
+<DATE>13-APR-1987 08:50:40.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0774&#31;reute
+d f PM-UAW   04-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW SAYS MAJOR WORK STOPPAGE POSSIBLE AT GM, FORD</TITLE>
+<AUTHOR>    By Richard Walker, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>Leaders of the nation's unionized
+automobile workers have signaled their intent for a major work
+stoppage later this year if General Motors Corp. &lt;GM> and Ford
+Motor Co. &lt;F>  fail to satisfy demands for job security, pay
+raises and protection against shifting U.S. production to
+foreign sources.
+    United Automobile Workers (UAW) president Owen Bieber was
+loudly cheered by some 3,000 local delegates at a special
+bargaining strategy convention yesterday when he declared the
+1.1 mln-member union is ready to go to "war" against the major
+auto makers in support of its goals.
+    "It takes two to make peace, but only one to make war ...
+and if it's war, the UAW will be ready for it. War against the
+insecurity of layoff," the UAW chief said.
+    The militant tone as the four-day convention opened
+underscored the probability for bitter confrontation during the
+summer's labor negotiations between the UAW and the auto
+companies over new contracts covering some 500,000 U.S. workers
+at G.M. and Ford.
+    The current pacts expire September 14.
+    GM Vice President and chief labor negotiator Alfred Warren
+recently told Reuters that the 1987 bargaining round would
+likely be the most difficult of the decade because of the
+carmaker's drive to cut costs and shed uncompetitive
+parts-making operations employing thousands of workers.
+    Job security has been the union's main theme for several
+years. A master resolution stating UAW goals notes that the
+union's membership working in the auto industry has fallen by
+200,000 since 1978 to a current level of about 690,000.
+    GM was hit by a six-day selective national strike in 1984
+before signing its current labor agreement, which contains a
+one billion dlr job security fund to protect workers whose jobs
+are threatened by new technology or moves to outside suppliers.
+    At Ford, which has more than 8 billion dlrs in cash
+reserves and out-earned larger GM last year for the first time
+since 1924, executives said they would oppose the UAW's demand
+for a return to guaranteed percentage annual pay increases that
+were dropped in the last recession.
+    Ford has not been hit by a national strike since 1976,
+which has prompted some union analysts to suggest it is now
+Ford's "turn," to be the UAW strike target.
+    Bieber yesterday described the UAW's situation in 1987 as
+"crucial" in view of the growing penetration of the U.S. market
+by imported cars and trucks as well as moves by the Detroit
+automakers to use foreign and other non-union sources to secure
+cheaper vehicles and auto parts.
+    He said the union will stress job security, annual general
+pay raises, improved profit-sharing and limits on companies'
+ability to transfer work.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="756" NEWID="16221">
+<DATE>13-APR-1987 08:51:02.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0777&#31;reute
+r f BC-NEWORLD-BANK-FOR-SAVI   04-13 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWORLD BANK FOR SAVINGS &lt;NWOR> 1ST QTR NET</TITLE>
+<DATELINE>    BOSTON, April 13 -
+    </DATELINE><BODY>Oper shr 45 cts vs 26 cts
+    Oper net 2,258,000 vs 1,166,000
+    NOTE: 1986 net excludes 842,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="757" NEWID="16222">
+<DATE>13-APR-1987 08:51:25.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0778&#31;reute
+d f BC-JANUARY-NEWPAPER-ADVE   04-13 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JANUARY NEWPAPER ADVERTISING INCOME UP 10.5 PCT</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>The Newspaper Advertising Bureau said
+its preliminary estimates show spending for newspaper
+advertising in January totaled 2.06 billion dlrs, an increase
+of 10.5 pct from the year earlier month.
+    The bureau said retail advertising for the month was up
+10.7 pct to 1.02 billion dlrs. National advertising was off 0.7
+pct to 264 mln dlrs. Classified increased 14.7 pct to 777 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="758" NEWID="16223">
+<DATE>13-APR-1987 08:59:05.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0792&#31;reute
+f f BC-******USAIR-TO-BUY-55   04-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>USAIR TO BUY 55 PCT OF 17.0 MLN PIEDMONT SHARES TENDERED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="759" NEWID="16224">
+<DATE>13-APR-1987 09:00:04.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0794&#31;reute
+r f BC-DEUTSCHE-TEXACO-NOT-A   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE TEXACO NOT AFFECTED BY LEGAL DISPUTE</TITLE>
+<DATELINE>    HAMBURG, April 13 - </DATELINE><BODY>Deutsche Texaco AG, Texaco Inc's &lt;TX.N>
+99.15 pct-owned West German subsidiary, will not be affected by
+the legal dispute with the Pennzoil Company &lt;PZL.N>, managing
+board chairman Armin Schram said.
+    Schram told a news conference that Deutsche Texaco's
+business will not be affected by the "legal proceedings in the
+U.S. Our liquidity is more than sufficient to guarantee
+supplies of crude oil and products to refineries and customers."
+    Schram said West German law prohibited the parent company
+from "touching our basic capital of 500 mln marks and reserves
+of 81 mln."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="760" NEWID="16225">
+<DATE>13-APR-1987 09:02:18.10</DATE>
+<TOPICS><D>tea</D></TOPICS>
+<PLACES><D>pakistan</D><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0800&#31;reute
+d f BC-PAKISTAN-CONFIRMS-TEA   04-13 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN CONFIRMS KENYA TEA IMPORT INVESTIGATION</TITLE>
+<DATELINE>    ISLAMABAD, April 13 - </DATELINE><BODY>Pakistan's Corporate Law Authority,
+CLA, has begun an enquiry into imports of tea from Kenya and
+the trade imbalance between the two countries, CLA chairman
+Irtiza Husain confirmed.
+    He told Reuters by telephone that importers Liptons and
+Brooke Bond had been asked to supply data to the authority and
+a hearing would be held.
+    The CLA would then report back to the Commerce Ministry,
+which had requested the enquiry. Husain said no date had yet
+been set for the hearing and declined to give further details
+of the matter.
+    Industry sources told Reuters reports that the companies'
+tea import licences had been suspended were incorrect.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="761" NEWID="16226">
+<DATE>13-APR-1987 09:02:34.57</DATE>
+<TOPICS><D>gnp</D><D>bop</D><D>cpi</D></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE><D>cavaco-silva</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0801&#31;reute
+r f BC-PORTUGUESE-ECONOMY-RE   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGUESE ECONOMY REMAINS BUOYANT DESPITE CRISIS</TITLE>
+<AUTHOR>    By Pascal Fletcher, Reuters</AUTHOR>
+<DATELINE>    LISBON, April 13 - </DATELINE><BODY>Portugal's economy, which has been
+enjoying one of its most buoyant periods in more than a decade,
+may now be strong enough to shrug off the country's latest
+government crisis, analysts said.
+    But the April 3 ousting of Prime Minister Anibal Cavaco
+Silva's government could slow economic reforms and investment
+as Portugal continues to adapt to membership in the European
+Community, which it joined in January last year, they said.
+    Cavaco Silva's minority Social Democratic Party, PSD, was
+toppled in a parliamentary censure vote by left-wing parties.
+    The centre-right administration had made economic growth
+reform a priority in its 17 months in office.
+    In 1986, Portugal's economy grew four pct, its current
+account surplus swelled to more than one billion dlrs and
+inflation fell to 10 pct, from 20 pct in 1985.
+    Analysts and businessmen said the prospects of instability
+were worrying but they felt the foundations for continued
+growth had not been badly shaken.
+    "The economy has developed a certain self-confidence that is
+now less dependent on the political situation," said Fritz
+Haser, economics professor at Universidade Livre, Lisbon.
+    "The market doesn't see this as a real crisis yet," economist
+Jorge Braga de Macedo told Reuters.
+    Businessmen have identified political instability over the
+last 13 years as one of the biggest obstacles to lasting
+economic progress.
+    The PSD administration was the 16th formed since the 1974
+revolution.
+    Portugal's developing stock markets, however, remain
+buoyant. Brokers and unit trust managers said the recent surge
+in economic confidence under the PSD rule was still largely
+underpinned by continuing optimistic forecasts.
+    Investment grew nearly 10 pct in 1986 and a Bank of
+Portugal forecast, released on the day the PSD government fell,
+predicted the pace of investment and overall economic growth
+would remain at similar levels this year.
+    But analysts said the crisis interrupted current policies
+and could slow economic development.
+    Soares, who is expected to announce a decision by the end
+of the month, can either call early elections or form a new
+government from parties in the existing left wing-dominated
+parliament.
+    Many businessmen said they strongly favoured quick
+elections as the best solution. "There is a good chance that a
+majority government could result from early elections,"
+Confederation of Portuguese Industry (CIP) president Pedro
+Ferraz da Costa said.
+    He said they were optimistic this could mean the
+continuation in the near future of liberalisation policies
+introduced over the last year.
+    The left-wing parties favour a parliamentary solution, but
+the PSD said it wants an early election in which opinion polls
+say they could win an overall majority.
+    A PSD majority would also open the way for more
+wide-ranging reforms, such as relaxation of labour laws and
+possible denationalisation of industry, the analysts said.
+    Cavaco Silva has accused the left-wing opposition parties
+of blocking key economic reforms.
+    The left-wingers said Portugal's positive economic results
+were more the product of favourable international conditions
+such as cheaper oil and raw material imports, than of PSD
+policies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="762" NEWID="16227">
+<DATE>13-APR-1987 09:03:14.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0803&#31;reute
+u f BC-MALAYSIA-CUTS-FIVE-YE   04-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA CUTS FIVE YEAR PLAN BUDGET</TITLE>
+<DATELINE>    KUALA LUMPUR, April 13 - </DATELINE><BODY>Malaysia will reduce its budget
+for the 1986-1990 development plan to 49 billion ringgit from
+its original 74 billion to limit expenditure, the Economic
+Planning Unit (EPU) of the Prime Minister's Department said.
+    EPU director-general Radin Soenarno was quoted by the
+national news agency Bernama as saying this would be done by
+suspending many projects which could only take off when the
+recession-hit economy improved.
+    Radin did not specify what projects would be suspended but
+said the Fifth Malaysian Plan will be reviewed annually instead
+of on a mid-term basis.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="763" NEWID="16228">
+<DATE>13-APR-1987 09:04:42.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0810&#31;reute
+f f BC-******MERRILL-LYNCH-F   04-13 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MERRILL LYNCH FIRST QTR SHR ONE DLR VS 85 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="764" NEWID="16229">
+<DATE>13-APR-1987 09:06:02.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0813&#31;reute
+a f BC-SHULTZ-ARRIVES-IN-MOS   04-13 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ ARRIVES IN MOSCOW FOR ARMS TALKS</TITLE>
+<DATELINE>    MOSCOW, April 13 - </DATELINE><BODY>U.S. Secretary of State George Shultz
+arrived in Moscow for talks with Soviet leaders likely to focus
+on nuclear arms reductions.
+    Shultz flew in from Helsinki and drove straight from the
+airport to a meeting with Soviet Foreign Minister Eduard
+Shevardnadze.
+    The three days of talks are overshadowed by an espionage
+row between the two powers. Shultz has said he wants to discuss
+it but Soviet officials have indicated they expect him to
+concentrate on disarmament issues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="765" NEWID="16230">
+<DATE>13-APR-1987 09:09:05.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0818&#31;reute
+b f BC-/MERRILL-LYNCH-AND-CO   04-13 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH AND CO &lt;MER> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Shr primary one dlr vs 85 cts
+    Shr diluted 97 cts vs 81 cts
+    Net 108.6 mln vs 86.8 mln
+    Rev 2.70 billion vs 2.17 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="766" NEWID="16231">
+<DATE>13-APR-1987 09:09:14.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0819&#31;reute
+r f BC-COOPER-CANADA-&lt;CPC.TO   04-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPER CANADA &lt;CPC.TO> SETS SHARE CONSOLIDATION</TITLE>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>Cooper Canada Ltd said it planned to
+consolidate its common and class A non-voting shares into one
+class of common shares, subject to shareholder approval on May
+1.
+    Cooper Canada said the proposal would result in only voting
+shares being available to respond to Charan Industries Ltd
+&lt;CHN.TO>'s previously announced six dlr a share takeover bid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="767" NEWID="16232">
+<DATE>13-APR-1987 09:09:25.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0820&#31;reute
+r f BC-corona   04-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORONA &lt;ICR.TO> FAVORS ROYEX &lt;RGM.TO> OFFER</TITLE>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>International Corona Resources Ltd said
+its board of directors believes that terms of Royex Gold Mining
+Corp's previously announced offer are fair and reasonable, but
+it decided it will make no recommendation on the offer to its
+shareholders.
+    Royex on March 31 offered to buy four mln Corona shares.
+For each Corona share it offered four dlrs cash, one series B
+share of Royex, one series C share of Royex and one share
+purchase warrant. It also bid for all Corona warrants expiring
+Aug 31, 1987.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="768" NEWID="16233">
+<DATE>13-APR-1987 09:11:25.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0825&#31;reute
+u f BC-S.ATLANTIC-&lt;SOAF.O>,   04-13 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S.ATLANTIC &lt;SOAF.O>, INDEPENDENCE &lt;INHO.O> MERGE</TITLE>
+<DATELINE>    STAMFORD, Conn., April 13 - </DATELINE><BODY>South Atlantic Financial Corp
+said it has agreed in principle to merge with Independence
+Holding Co into a new company to be called SAFCO International
+Ltd.
+    It said each South Atlantic share would be exchanged for
+one SAFCO share and each Independence share for 2.822 SAFCO
+shares.
+    Independence now owns about 40 pct of South Atlantic's 9.8
+mln primary common shares.
+    South Atlantic said said its chairman and chief executive
+officer Sheldon S. Gordon would have the same posts with SAFCO
+and Independence president Ronald G. Strackbein would be
+president of SAFCO.
+    The company said the transaction is subject to execution of
+definitive agreements, the receipt of fairness opinions from
+investment banks and approval by boards and shareholders of
+both companies.  It said proxy materials are expected to be
+maioled this quarter.   Both South Atlantic and Independence
+are insurance companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="769" NEWID="16234">
+<DATE>13-APR-1987 09:12:51.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0826&#31;reute
+r f BC-HOME-FEDERAL-UPPER-EA   04-13 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME FEDERAL UPPER EAST TENNESSEE &lt;HFET> 1ST QTR</TITLE>
+<DATELINE>    JOHNSON CITY, Tenn., April 13 -
+    </DATELINE><BODY>Shr 47 cts vs not given
+    Net 2,100,000 vs 1,277,000
+    NOTE: Company went public in fourth quarter of 1986.
+    Home Federal Savings and Loan Association of Upper East
+Tennessee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="770" NEWID="16235">
+<DATE>13-APR-1987 09:14:20.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0830&#31;reute
+d f BC-statewest-expands   04-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATEWEST EXPANDS SERVICE, ENTERS FARE AGREEMENT</TITLE>
+<DATELINE>    PHOENIX, Ariz., April 13 - </DATELINE><BODY>StateWest Airlines Inc said it
+started service to Las Vegas, Nev., Tucson, Ariz., and San
+Diego, and entered into a joint fare agreement with Trans World
+Airlines &lt;TWA>.
+    StateWest said the fare agreement will result in lower
+fares for StateWest passengers who continue to any one of Trans
+World's 50 U.S. destinations.
+    The company also said the new destinations expand its daily
+flights to 49 and it added the company's fourth advanced Shorts
+360 to its fleet of aircraft.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="771" NEWID="16236">
+<DATE>13-APR-1987 09:14:42.18</DATE>
+<TOPICS><D>f-cattle</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0831&#31;reute
+u f BC-U.S.-FEEDER-STEER-PRI   04-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FEEDER STEER PRICE</TITLE>
+<DATELINE>    Chicago, April 13 - </DATELINE><BODY>The U.S. Feeder Steer Price, or USFSP,
+as posted by the CME is calculated by Cattle Fax and represents
+the price used for cash settlement of the CME Feeder Cattle
+contract.
+    The USFSP is a seven-calendar-day average of feeder steer
+prices from 27 states, based on auction and direct country
+sales for feeder steers that weigh between 600 and 800 lbs and
+are estimated to grade between 60 and 80 pct choice when fed to
+slaughter weight.
+    April 9         Previous quote
+    70.03             69.87
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="772" NEWID="16237">
+<DATE>13-APR-1987 09:15:37.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0832&#31;reute
+r f BC-NOVA-&lt;NVA.TO>-TO-REDE   04-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVA &lt;NVA.TO> TO REDEEM PREFERRED</TITLE>
+<DATELINE>    CALGARY, Alberta, April 13 - </DATELINE><BODY>Nova, An Alberta Corp said it
+will redeem its 12 pct cumulative redeemable convertible second
+preferred shares on May 15, 1987 at the redemption price of
+26.25 dlrs per share.
+    Holders may convert their shares into class A common shares
+on the basis of 3.435 class A common shares for each 12 pct
+convertible preferred share held, Nova said.
+    Nova said it retained Burns Fry Ltd, Merrill Lynch Canada
+Inc and Gordon Capital Corp to maintain a market bid of at
+least 26-3/8 dlrs for the preferred shares until May 12, 1987.
+    Nova said that if any 12 pct preferred shares are acquired
+by the broker group, the shares will be converted into class A
+common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="773" NEWID="16238">
+<DATE>13-APR-1987 09:17:56.40</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0841&#31;reute
+r f BC-COLUMBIA-GAS-&lt;CG>-SEE   04-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLUMBIA GAS &lt;CG> SEEKS CONTRACT COST RECOVERY</TITLE>
+<DATELINE>    CHARLESTON, W. Va., April 13 - </DATELINE><BODY>Columbia Gas Transmission
+corp said it made an abbreviated, streamlined filing with the
+Federal Energy Regulatory Commission to recover a portion if
+its costs of renegotiating high-cost gas purchase contracts.
+    Recently, the Columbia Gas System Inc pipeline subsidiary
+said, FERC denied on procedural grounds and without prejudice a
+proposal to include these costs in the company's most recent
+purchased gas adjustment -- or PGA -- filing.
+    Noting it has has asked for a rehearing on the denial
+ruling, Columbia Gas said it would withdraw its alternative
+filing if the commission grantes its request for a rehearing to
+include the contract renegotiation costs in its PGA or
+consolidates this issue in the pipeline's general rate filing
+and permit recovery, subject to refund, effective April one.
+    The company said the alternative filing seeks to recover
+about 79 mln dlrs a year through the pipeline's non-gas sales
+commodity rates. This annual amortization amount is based on
+recovery of about 653 mln drls over an 8-1/4 year period,
+beginning April 1, 1987.
+    Columbia Gas said the filing would increase the pipeline
+commodity rates by 15.74 cts per mln Btu to 2.95 dlrs per mln.
+    The company said it orginially sought to include these
+costs in its PGA since the payments to products resulted in
+almost five billion dlrs in prospective price relief and were
+not related to take-or-pay buyout costs.
+    It explained this interpretation was based on FERC's April
+10, 1985, Statement of Policy which said that only take-or-pay
+buyout costs must be recovered through a general rate filing
+under the Natural Gas Act.
+    As a result of renegotiating contracts for high-cost gas,
+Columbia Gas said, it has been able to reduce the average price
+paid for gas purchased from Southwest producers to 1.96 dlrs
+per mln Btu in December 1986 from 3.64 dlrs per mln in April
+1985.
+    The pipeline said Southwestern producers account for 46 pct
+of its total available gas supply this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="774" NEWID="16239">
+<DATE>13-APR-1987 09:20:54.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0850&#31;reute
+d f BC-TURKEY-TO-APPLY-FOR-E   04-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY TO APPLY FOR EC MEMBERSHIP</TITLE>
+<DATELINE>    ANKARA, April 13 - </DATELINE><BODY>Turkey is to apply tomorrow for European
+Community membership, Foreign Ministry officials said.
+    They told Reuters that Minister of State Ali Bozer would
+lodge the application in Brussels with Belgian Foreign Minister
+Leo Tindemans.
+    Turkey would be the 13th member of the group, of which
+Belgium is current president.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="775" NEWID="16240">
+<DATE>13-APR-1987 09:22:00.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0851&#31;reute
+u f BC-/MELLON-BANK-&lt;MEL>-CH   04-13 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELLON BANK &lt;MEL> CHAIRMAN RETIRES</TITLE>
+<DATELINE>    PITTSBURGH, April 13 - </DATELINE><BODY>Mellon Bank Corp said J. David
+Barnes has retired as chairman and chief executive officer and
+resigned from the board of the company and its Mellon Bank
+subsidiary.
+    The company said senior director Nathan W. Pearson will
+succeed Barnes but also appointed a special search committee to
+review all internal and external candidates for chairman.
+    Mellon said "Mr. Barnes felt a change of management at this
+time would help the bank move more quickly and with less
+constraint in meeting the needs of shareholders, customers and
+employees."
+    Pearson is 75 and is financial advisor to the Paul Mellon
+Family Interests. Barnes is 57.
+    On Friday Mellon reported a 59.8 mln dlr first quarter
+loss. It had placed 310 mln dlrs of Brazilian loans on a
+nonaccrual basis and said it would cut its quarterly dividend
+to 35 cts per share from 69 cts due to energy, foreign,
+commercial real estate and heavy industry loans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="776" NEWID="16241">
+<DATE>13-APR-1987 09:22:25.18</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0852&#31;reute
+d f BC-HUNGARY-RAISES-PRICES   04-13 0174</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNGARY RAISES PRICES IN EFFORT TO CURB DEFICIT</TITLE>
+<DATELINE>    BUDAPEST, April 13 - </DATELINE><BODY>Hungary has announced sharp price
+increases for a range of food and consumer products as part of
+its efforts to curb a soaring budget deficit.
+    The official MTI news agency said the government decided
+consumer price subsidies had to be cut to reduce state
+spending. From today the price of meat will rise by an average
+18 pct and that of beer and spirits by 10 pct, MTI said.
+    The measures are also aimed at cooling an overheated
+economy, and could help dampen Hungarians' appetite for
+imported Western goods which consume increasingly expensive
+hard currency, the diplomats said.
+    The diplomats also said, however, that they did not expect
+the kind of social unrest that followed sharp price rises in
+other East Bloc states, notably Poland.
+    MTI said consumer goods will also become more expensive,
+with the price of refrigerators rising some five pct. It also
+announced a number of measures to ease hardship, including
+higher pensions and family allowances.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="777" NEWID="16242">
+<DATE>13-APR-1987 09:23:06.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0854&#31;reute
+d f PM-UAW   04-13 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW CHEERS CALL FOR "WAR" ON GM AND FORD</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>Leaders of the nation's unionized
+automobile workers have signalled their intent for a major work
+stoppage later this year if General Motors (GM) and Ford Motor
+Co., fail to satisfy demands for job security, pay raises and
+protection against shifting U.S. production to foreign sources.
+    United Automobile Workers (UAW) president Owen Bieber was
+loudly cheered by some 3,000 local delegates at a special
+bargaining strategy convention yesterday when he declared the
+1.1-mln-member union is ready to go to "war" against the major
+auto makers in support of its goals.
+    "It takes two to make peace, but only one to make war ...
+and if it's war, the UAW will be ready for it. War against the
+insecurity of layoff," the UAW chief said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="778" NEWID="16243">
+<DATE>13-APR-1987 09:23:42.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0857&#31;reute
+b f BC-******P.H.-GLATFELTER   04-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>P.H. GLATFELTER CO SAYS IT WILL BUY ECUSTA CORP FOR 149 MLN DLRS IN CASH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="779" NEWID="16244">
+<DATE>13-APR-1987 09:24:44.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0860&#31;reute
+d f BC-FAMILY-HEALTH-SYSTEMS   04-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAMILY HEALTH SYSTEMS INC &lt;FHSY> 2ND QTR FEB 28</TITLE>
+<DATELINE>    CHARLESTON, W.Va., April 13 -
+    </DATELINE><BODY>Shr profit one ct vs nil
+    Net profit 74,000 vs profit 10,000
+    Revs 925,000 vs 112,000
+    Avg shrs 10 mln vs nine mln
+    Six mths
+    Shr loss nil vs loss one ct
+    Net loss 16,000 vs loss 90,000
+    Revs 1,855,000 vs 333,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="780" NEWID="16245">
+<DATE>13-APR-1987 09:26:41.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0863&#31;reute
+r f BC-CBT-NIGHT-TRADING-SES   04-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT NIGHT TRADING SESSION SEEN GETTING APPROVAL</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The Commodity Futures Trading
+Commission, CFTC, is expected to accept the Chicago Board of
+Trade's, CBT, proposal to establish a night trading session
+when the commission meets Wednesday, CFTC officials said.
+    CBT has proposed starting an evening trading session
+between 1800 and 2100 local time in Treasury bond and Treasury
+note futures and options on the two futures contracts.
+    The exchange hopes to launch the experiment April 30.
+    While CFTC staff have raised numerous questions about how
+the evening session will operate, they have not discovered any
+major obstacle to approval, CFTC sources said.
+    "We are not anticipating any problems with approval," a CBT
+official said.
+    CBT President Thomas Donovan and CBT Chairman Karsten
+Mahlmann have been in the Far East this month to drum up
+support for the night session.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="781" NEWID="16246">
+<DATE>13-APR-1987 09:29:35.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0869&#31;reute
+b f BC-/INTERNATIONAL-BUSINE   04-13 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL BUSINESS MACHINES CORP &lt;IBM> NET</TITLE>
+<DATELINE>    ARMONK, N.Y., April 13 - </DATELINE><BODY>1st qtr
+    Shr 1.30 dlrs vs 1.65 dlrs
+    Net 785 mln vs 1.02 billion
+    Gross income 10.68 billion vs 10.13 billion
+    Avg shrs 604.6 mln vs 615.6 mln
+    NOTE: Pretax net 1.34 billion vs 1.83 billion.
+    Sales 6.50 billion vs 6.10 billion, maintenance gross
+income 1.95 billion vs 1.77 billion, program products gross
+income 1.40 billion vs 1.15 billion and rentals and other
+services 825 mln vs 1.10 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="782" NEWID="16247">
+<DATE>13-APR-1987 09:30:39.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0873&#31;reute
+r f BC-USAIR-&lt;U>-REPORTS-FIN   04-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> REPORTS FINAL PRORATION FACTOR</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>USAir Group Inc said, in announcing
+the final proration factor for its tender offer for Piedmont
+Aviation Inc &lt;PIE>, that 17.0 mln shares, or 90 pct of the
+shares were validly tendered.
+    USAir said it has purchased and will pay for 9.3 mln
+shares, representing about 55 pct of those tendered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="783" NEWID="16248">
+<DATE>13-APR-1987 09:33:32.56</DATE>
+<TOPICS><D>gold</D><D>silver</D><D>platinum</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0891&#31;reute
+u f BC-MORE-BRITISH-GOLD-ART   04-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE BRITISH GOLD ARTICLES HALLMARKED</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>The number of British gold articles
+hallmarked during the first quarter of this year rose by more
+than 11 pct on the corresponding period last year, figures
+released by the Assay Offices of Great Britain show.
+    More than 2.5 mln British items were hallmarked during the
+quarter, up 11.1 pct on the same year ago period. The four
+Assay Offices also marked 832,222 foreign gold articles, up 2.5
+pct on last year.
+    In weight terms the 7.19 mln grams of British gold assayed
+was a 15.3 pct increase, while the 2.95 mln grams of foreign
+gold represented a rise of 3.1 pct.
+    British silver goods assayed totalled 698,132, an increase
+of 6.2 pct but only 78,457 foreign items were marked, a fall of
+11.1 pct.
+    A total of 10,968 kilos of silver were assayed, an 11.1 pct
+rise.
+    The number of platinum items marked fell 12.5 pct to 1,785,
+while in weight terms the total slipped 8.1 pct to 9,849 grams.
+    A spokesman for the Assay Offices of Great Britain said he
+was particularly encouraged to see the percentage increase for
+British manufactured goods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="784" NEWID="16249">
+<DATE>13-APR-1987 09:33:57.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0893&#31;reute
+r f AM-texaco-analysis   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> USES BANKRUPTCY COURT TO BUY TIME</TITLE>
+<AUTHOR>    By Julie Vorman, Reuters</AUTHOR>
+<DATELINE>    HOUSTON, April 13 - </DATELINE><BODY>Texaco Inc.'s plunge into bankruptcy to
+shield it from posting a bond in its 10.53 billion dlr legal
+battle with Pennzoil Co. &lt;PZL> is a strategy that will give it
+breathing room until the fight over the 1984 acquisition of
+Getty Oil Co. winds its way up to the U.S. Supreme Court,
+analysts said.
+    Texaco, the nation's third-largest oil company, filed for
+protection under Chapter 11 of the U.S. bankruptcy code earlier
+today, saying it had no choice because of Pennzoil's refusal to
+negotiate a reasonable settlement.
+    But unlike most Chapter 11 cases, the Texaco proceeding
+should not result in a major reorganization of the company or
+affect its daily business operations, several experts said.
+    "This is another piece of financial history," Sanford
+Margoshes, an analyst with Shearson Lehman Brothers, said of
+the bankruptcy filing. "What Texaco is doing is buying time to
+fight its battle in the courts. They have high hopes they will
+be upheld if the case goes all the way to the U.S. Supreme
+Court."
+    Margoshes said he did not anticipate any significant
+changes in Texaco's oil exploration and production business
+because the bankruptcy filing affects only about four pct of
+the giant oil company's 32.6 billion dlrs in annual revenues.
+    Texaco executives said the bankruptcy filing would
+effectively halt payments of stock dividends and repayment of
+its 6.8 billion dlr debt, but added that the company's assets
+far exceeded its liabilities.
+    "Texaco's cash flow is at a very respectable rate of about
+15 dlrs per share annually," Margoshes said. "Obviously, the
+point of Chapter 11 was not so much seeking protection from
+creditors as it was seeking protection from the predator
+Pennzoil."
+    The two companies have been locked in an acrimonious
+struggle since a Texas state court jury in November 1985
+ordered Texaco to pay Pennzoil 10.53 billion dlrs for
+improperly interfering with Pennzoil's planned acquisition of
+Getty Oil Co. In a major setback for Texaco last week, the U.S.
+Supreme Court said Texaco must abide by Texas state law that
+requires posting a bond for the full amount of the judgment
+while the merits of the case were appealed.
+    Although a Texas appeals court hearing was scheduled Monday
+(April 13) on Texaco's motion to reduce the amount of the bond
+required under state law, Texaco elected not to risk losing the
+important court ruling that could have required it to post more
+than 10 billion dlrs in collateral.
+    The bankruptcy filing, analysts said, effectively freezes
+all of Texaco's obligations while it continues to appeal the
+merits of the Pennzoil lawsuit.
+    "This is a drastic measure," said Rosario Ilacqua, an
+analyst with L.F. Rothschild in New York. "But it's also an
+indictment of the legal system in this country in that Texaco
+was forced to seek bankruptcy when it couldn't get a fair
+hearing."
+    Ilacqua predicted that the Texas jury judgment would
+ultimately be overturned or whittled down from its original
+10.53 billion dlrs, an amount that is increasing by about 2.5
+mln dlrs in interest accumulated daily. Texaco has contested
+the ruling, insisting that Pennzoil did not have a valid
+contract under New York state law to acquire Getty Oil.
+    Suggestions by some experts that the Texaco bankruptcy
+might be an incentive for Pennzoil to lower its settlement
+demands, which are widely believed to be between 3 billion and
+5 billion dlrs, were discounted by indignant Pennzoil
+executives.
+    "I think it makes it much more difficult to settle," said
+Baine Kerr, Pennzoil's retired president who has acted as the
+company's chief negotiator in the Texaco litigation. "I think
+that's one of the main reasons they did it."
+    Joseph Jamail, a Houston lawyer for Pennzoil, said the
+company had made its latest settlement offer to Texaco on
+Saturday and was taken by surprise when Texaco filed for
+bankruptcy. He declined to reveal the amount of the proposal,
+citing a confidentiality agreement between the two companies.
+    "Texaco told us they would get back to us but instead they
+chose to go to bankruptcy court," Jamail said. "This was an
+irresponsible and unneeded move."
+    Ilacqua also said the bankruptcy filing appeared to
+eliminate any chance of settlement in the near-term.
+    "There have been some crazy numbers floating around in
+settlement discussions," Ilacqua said. "I think 1 billion dlr
+settlement would be more than adequate for Pennzoil. I don't
+know if that Texas jury really understood what money is. They
+gave Pennzoil an astronomical judgment."
+    Analysts said they expected Texaco stock, which closed
+Friday at 31 and 7/8, to slip to about 25 when the New York
+Stock Exchange opened Monday morning.
+    Lawyers for Pennzoil said they believed the company would
+prevail in court appeals, adding that Texaco's assets were
+ample enough to ultimately pay the Pennzoil judgment in full.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="785" NEWID="16250">
+<DATE>13-APR-1987 09:34:50.98</DATE>
+<TOPICS><D>reserves</D><D>money-supply</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0897&#31;reute
+u f BC-SWISS-SIGHT-DEPOSITS   04-13 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS SIGHT DEPOSITS FALL 4.64 BILLION FRANCS</TITLE>
+<DATELINE>    ZURICH, April 13 - </DATELINE><BODY>Sight deposits of commercial banks at
+the Swiss National Bank fell 4.64 billion Swiss francs to 7.88
+billion in the first 10 days of April, the National Bank said.
+    Foreign exchange reserves rose by 9.4 mln francs to 33.12
+billion.
+    Sight deposits are an important measure of money market
+liquidity in Switzerland.
+    The National Bank said banks repaid around 5.8 billion
+francs of traditional central bank credit taken out to meet
+their end-of-quarter liquidity requirements. This was partially
+offset by new swap arrangements.
+    Bank notes in circulation fell 440.2 mln francs to 24.48
+billion while other deposits on call at the National Bank --
+mainly government funds -- fell 840.5 mln francs to 941.5 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="786" NEWID="16251">
+<DATE>13-APR-1987 09:35:03.92</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0898&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 68 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>The Bank of England said it provided the
+market with a further 68 mln stg assistance this afternoon,
+bringing its total assistance on the day to 143 mln stg.
+   Shortly before, the Bank said it had revised its estimate
+of the shortage up to 450 mln stg from the earlier forecast of
+400 mln.
+    During the afternoon, the bank bought 22 mln stg of band
+two bank bills at 9-13/16 pct and two mln stg of local
+authority bills plus 44 mln stg of bank bills in band four at
+9-11/16 pct. These rates were in all cases unchanged from
+previous intervention levels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="787" NEWID="16252">
+<DATE>13-APR-1987 09:35:24.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0900&#31;reute
+u f BC-GOODYEAR-&lt;GT>-PREDICT   04-13 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODYEAR &lt;GT> PREDICTS FIRST QUARTER NET</TITLE>
+<DATELINE>    AKRON, Ohio, April 13 - </DATELINE><BODY>Goodyear Tire and Rubber Co said it
+expects to report earnings from continuing operations of over
+one dlr per share on 71.3 mln average shares outstanding.
+    In last year's first quarter the company lost 60.0 mln dlrs
+or 55 cts per share on 108.4 mln shares outstanding, after a
+110.8 mln dlr writedown of oil reserves of its Celeron Corp
+unit.
+    Goodyear said it will report first quarter results April 27.
+    Goodyear chairman Robert E. Mercer also told the annual
+meeting that unless there is a major downturn in the economy,
+it expects to work its debt down to normal levels in three
+years through its restructuring and cash flow from improved
+margins.
+    The company set up its restructuring program to fend off a
+hostile takeover attempt by Sir James Goldsmith.  As part of
+the restructuring, Goodyear executed a major stock buyback
+program that resulted in an increase in its debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="788" NEWID="16253">
+<DATE>13-APR-1987 09:36:10.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0905&#31;reute
+d f BC-TAIWAN-ANNOUNCES-NEW   04-13 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ANNOUNCES NEW ROUND OF IMPORT TARIFF CUTS</TITLE>
+<DATELINE>    TAIPEI, April 13 - </DATELINE><BODY>Taiwan announced plans for another round
+of import tariff cuts on 862 foreign goods shortly before trade
+talks with Washington which officials described as a move to
+help balance trade with the United States.
+    Wang Der-Hwa, Deputy Director of the Finance Ministry's
+Customs Administration Department, on Saturday told reporters
+the list of products included 60 items asked by Washington.
+    He said the ministry sent a proposal to the cabinet that
+the tariffs on such products as cosmetics, bicycles, apples,
+radios, garments, soybeans and television sets be cut by
+between five and 50 pct.
+    The cabinet was expected to give its approval next Thursday
+and the new tariff cuts would be implemented possibly starting
+on April 20, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="789" NEWID="16254">
+<DATE>13-APR-1987 09:38:21.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>portugal</D></PLACES>
+<PEOPLE><D>zhao-ziyang</D><D>cavaco-silva</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0909&#31;reute
+d f BC-CHINA-AND-PORTUGAL-SI   04-13 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA AND PORTUGAL SIGN MACAO DEAL</TITLE>
+<DATELINE>    PEKING, April 13 - </DATELINE><BODY>Prime Ministers Zhao Ziyang of China and
+Anibal Cavaco Silva of Portugal signed an agreement to end more
+than four centuries of Portuguese rule over the territory of
+Macao and return it to Chinese control in 1999.
+    Macao will become a special administrative region on
+December 20, 1999, retaining a high degree of autonomy except
+in foreign affairs and defence. Its capitalist system is to
+remain intact for 50 years under an arrangement similar to the
+one that will return Hong Kong to China from Britain in 1997.
+    China hopes to win back the Nationalist-ruled island of
+Taiwan under the same "one country, two systems" formula.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="790" NEWID="16255">
+<DATE>13-APR-1987 09:40:41.34</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0917&#31;reute
+u f BC-slaughter-guesstimate   04-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 280,000 to 300,000 head versus
+294,000 week ago and 303,000 a year ago.
+    Cattle slaughter is guesstimated at about 120,000 to
+126,000 head versus 120,000 week ago and 124,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="791" NEWID="16256">
+<DATE>13-APR-1987 09:41:11.29</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0918&#31;reute
+d f BC-TRADE-ISSUES-STRAININ   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE ISSUES STRAINING EC'S PATIENCE WITH JAPAN</TITLE>
+<DATELINE>    BRUSSELS, April 13 - </DATELINE><BODY>Member states of the European
+Community are starting to run out of patience with Japan which
+they believe has repeatedly promised major initiatives to open
+its market to imports, but as often made only minor moves.
+    Diplomatic sources here said several recent actions by EC
+countries bear witness to a new disillusionment with the
+willingness, or at least the ability, of the Japanese
+government to reduce its massive trade surplus with the EC.
+    However, they said an all-out trade war may be far off, as
+EC states know they would suffer almost as much as Japan.
+   Senior EC diplomats gave a generally favourable reaction to
+an EC executive commission proposal under which the EC could
+raise tariffs on a range of Japanese products if the U.S.
+Carries out a threat to make a similar move on April 17.
+    The EC tariffs, which would involve renouncing obligations
+entered into with the world trade body GATT, would be designed
+to stop a diversion of exports to the EC market from that of
+the U.S.
+    The diplomats were meeting as Tokyo announced that the EC's
+trade deficit with Japan reached a record 2.13 billion dlrs in
+March, up from 1.94 billion in February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="792" NEWID="16257">
+<DATE>13-APR-1987 09:44:15.93</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0926&#31;reute
+d f BC-EC-COULD-DECIDE-ON-JA   04-13 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COULD DECIDE ON JAPAN TRADE MOVES IN LATE MAY</TITLE>
+<DATELINE>    BRUSSELS, April 13 - </DATELINE><BODY>The European Community (EC) has
+effectively given Japan six weeks to take moves to open its
+market to imports before it decides on possible tough
+retaliatory trade measures, EC diplomats said.
+    They said EC foreign ministers will meet on May 25 and 26
+to review the state of trade relations between the two sides.
+    The EC executive commission was asked by representatives of
+member states on Friday to propose a renunciation of some EC
+pledges to the world trade body, GATT, unless there are
+"adequate and early measures to open the Japanese market."
+    Such a renunciation would be the first step to imposing
+stiff increases in duties, or quantitative limits, on Japanese
+exports.
+    The diplomats said it was unlikely that the issue would be
+discussed in detail at the next meeting of EC foreign ministers
+on April 27 and 28 in Luxembourg as time was needed to prepare
+proposals for possible retaliatory action.
+    They said the commission has powers to take some limited
+action before getting ministerial approval to prevent Japanese
+exports of electrical, photographic and other goods being
+diverted to Europe following of possible U.S. Tariff moves.
+    In May, the ministers are also likely to discuss how to
+prevent Japan from getting an extra trading advantage as a
+result of Spain and Portugal joining the bloc, which obliges
+them gradually to reduce tariffs on many industrial goods.
+    Japan's trade surplus with the Community has grown
+steadily, registering a record 2.13 billion dlrs in March.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="793" NEWID="16258">
+<DATE>13-APR-1987 09:45:24.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0929&#31;reute
+u f BC-P.H.-GLATFELTER-&lt;GLT>   04-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>P.H. GLATFELTER &lt;GLT> ACQUIRING ECUSTA</TITLE>
+<DATELINE>    SPRING GROVE, Pa., April 13 - </DATELINE><BODY>P.H. Glatfelter Co said it
+has reached an agreement to acquire all the capital stock of 
+&lt;Ecusta Corp> for 149,177,857 dlrs in cash.
+    Glatfelter, a printing and writing paper maker, said Ecusta
+operates an uncoded three sheet and light-weight specialty
+paper mill in Pisgah Forest, N.C. The mill produces and
+converts paper products used by the doemstic and foreign
+tobacco industry.
+    Glatfelter said it expects to close the deal by May 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="794" NEWID="16259">
+<DATE>13-APR-1987 09:46:37.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0938&#31;reute
+r f BC-GREENWICH-PHARMACEUTI   04-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREENWICH PHARMACEUTICALS COMPLETES PLACEMENT</TITLE>
+<DATELINE>    GREENWICH, Conn., April 13 - </DATELINE><BODY>Greenwhich Pharmaceuticals Inc
+&lt;GRPI.O> said it has completed a private placement of its
+common stock, generating more than eight mln dlrs in net
+proceeds.
+    These funds, together with the two mln dlrs in cash
+currently held by the company, will be used to complete its
+Therafectin rheumatoid arthritis drug development program and
+to develop other drugs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="795" NEWID="16260">
+<DATE>13-APR-1987 09:46:44.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0939&#31;reute
+f f BC-******NCR-CORP-1ST-QT   04-13 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NCR CORP 1ST QTR SHR 65 CTS VS 51 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="796" NEWID="16261">
+<DATE>13-APR-1987 09:47:05.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0941&#31;reute
+r f BC-browning-ferris-unit   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWNING-FERRIS &lt;BFI> UNIT SEES EPA LAWSUIT</TITLE>
+<DATELINE>    BUFFALO, N.Y., April 13 - </DATELINE><BODY>CECOS International Inc, a
+subsidiary of Browning-Ferris Industries Inc, said it expects
+the U.S. Environmental Protection Agency to sue the company,
+claiming non-compliance with regulatory requirements at CECOS'
+Livingston, Louisiana hazardous waste treatment plant.
+    CECOS said the EPA advised the company it intendend to seek
+a penalty in the range of five mln dlrs to 10 mln dlrs.
+    CECOS said it considered the proposed penalty to be "grossly
+excessive" and has offered 125,000 dlrs in earlier negotiations
+to settle the disputed issues.
+    CECOS said it believes strongly that the EPA's claims and
+proposed remedies concerning the Livingston waste disposal site
+are unreasonable.
+    The company also said its 125,000 dlr settlement offer was
+consistent with monetary penalties previously accepted by the
+EPA concerning disputes over other hazardous waste treatment,
+storage and disposal operations.
+    CECOS said major issues of the dispute include the
+Livingston waste site's analysis and operation plans,
+inspection records and freeboard limits of rainwawater holding
+impoundments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="797" NEWID="16262">
+<DATE>13-APR-1987 09:47:12.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0942&#31;reute
+r f BC-FIRST-MARATHON-&lt;FMS.A   04-13 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST MARATHON &lt;FMS.A.TO> PLANS STOCK SPLIT</TITLE>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>First Marathon Inc said it planned a
+two-for-one stock split, to be effective on shareholders'
+approval at the June 4 annual meeting.
+    The financial services company said it also completed the
+previously reported 29.6 mln dlr private placement of 1.5 mln
+non-voting preferred shares convertible one-for-one into
+non-voting class A shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="798" NEWID="16263">
+<DATE>13-APR-1987 09:47:21.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0944&#31;reute
+r f BC-U.S.-BANCORP-&lt;USBC>-1   04-13 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANCORP &lt;USBC> 1ST QTR NET</TITLE>
+<DATELINE>    PORTLAND, Ore., April 13 -
+    </DATELINE><BODY>Shr 66 cts vs 57 cts
+    Net 20.0 mln vs 17.1 mln
+    Avg shrs 30.3 mln vs 30.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="799" NEWID="16264">
+<DATE>13-APR-1987 09:47:32.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0945&#31;reute
+u f BC-/IBM-&lt;IBM>-HAS-HIGHER   04-13 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> HAS HIGHER SHIPMENTS, COSTS IN QTR</TITLE>
+<DATELINE>    ARMONK, N.Y., April 13 - </DATELINE><BODY>International Business Machines
+Corp said shipments and revenues were higher in the first
+quarter, but net earnings fell 22.8 pct in part due to higher
+expenses.
+    IBM said net income fell to 785 mln dlrs or 1.30 dlrs a
+share from 1.02 billion dlrs or 1.65 dlrs on about 1.8 pct
+fewer shares outstanding.
+    While total sales and income rose 5.5 pct to 10.68 billion
+dlrs from 10.13 billion dlrs, costs and expenses rose 12.1 pct
+to 9.61 billion dlrs from 8.57 billion in the quarter, the
+computer maker said.
+    The company said it continues to take actions to make it
+more competitive, including cost and expense reduction
+measures.
+    "Although the worldwide economic situation remains
+unsettled, there are some encouraging signs in our business,"
+IBM said in a statement.
+    "In addition to the increase in first quarter shipments, we
+have announced new offerings in our large processor and
+personal computing product lines," it said.
+    "We have yet to fully benefit from our recent product
+announcements, retirement incentives and other resource
+balancing measures, and we expect these actions will have a
+more significant impact as 1987 progresses," the company added.
+    It said it expects more than 12,000 U.S. employees to take
+advantage of the retirement incentives announced last year.
+    Pretax earnings fell 27 pct to 1.34 billion dlrs from 1.83
+billion, IBM said. Pretax margins slipped to 12.5 pct in 1987
+from 18.1 pct in 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="800" NEWID="16265">
+<DATE>13-APR-1987 09:47:47.17</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>meal-feed</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0946&#31;reute
+r f BC-ROTTERDAM-GRAIN-HANDL   04-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTTERDAM GRAIN HANDLER SAYS PORT BALANCE ROSE</TITLE>
+<DATELINE>    ROTTERDAM, April 13 - </DATELINE><BODY>Graan Elevator Mij, GEM, said its
+balance in port of grains, oilseeds and derivatives rose to
+146,000 tonnes on April 11 from 111,000 a week earlier after
+arrivals of 404,000 tonnes and discharges of 369,000 tonnes
+last week.
+    The balance comprised 21,000 tonnes of grains plus oilseeds
+and 125,000 tonnes of derivatives.
+    This week's estimated arrivals total 274,000 tonnes, of
+which 71,000 are grains/oilseeds and 203,000 derivatives.
+    The figures cover around 95 pct of Rotterdam traffic in the
+products concerned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="801" NEWID="16266">
+<DATE>13-APR-1987 09:48:04.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0949&#31;reute
+d f BC-LINDBERG-CORP-&lt;LIND>   04-13 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINDBERG CORP &lt;LIND> 1ST QTR NET</TITLE>
+<DATELINE>    CHICAGO, April 13 -
+    </DATELINE><BODY>Shr 15 cts vs 15 cts
+    Net 689,561 vs 784,088
+    Sales 19.2 mln vs 19.8 mln
+    Avg shrs 4.7 mln vs 5.3 mln
+    NOTE: 1986 net includes a gain of 108,000 dlrs or two cts a
+share from proceeds from the sale of property.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="802" NEWID="16267">
+<DATE>13-APR-1987 09:49:06.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0951&#31;reute
+u f BC-BELGELECTRIC-RAISES-3   04-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGELECTRIC RAISES 300 MLN LUXEMBOURG FRANCS</TITLE>
+<DATELINE>    LUXEMBOURG, April 13 - </DATELINE><BODY>Belgelectric Finance BV is raising
+300 mln Luxembourg francs through a five year, non-callable
+bullet bond carrying a 7-1/4 pct coupon at par, lead manager
+Banque Internationale a Luxembourg SA (BIL) said.
+    The private placement for the Belgian utilities' finance
+company is for payment on May 26 and coupon payments are
+annually on May 27. Fees total 1-3/4 pct and the issue is
+guaranteed by the Belgian utilities, Intercom, Ebes and Unerg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="803" NEWID="16268">
+<DATE>13-APR-1987 09:51:06.84</DATE>
+<TOPICS><D>money-supply</D><D>cpi</D><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0953&#31;reute
+h f BC-GERMAN-INSTITUTES-WAR   04-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN INSTITUTES WARN ON MONEY SUPPLY</TITLE>
+<DATELINE>    BONN, April 13 - </DATELINE><BODY>Four of West Germany's five leading
+economic research institutes warned that excessive monetary
+growth threatened a resurgence of inflation.
+    But in a dissenting view the DIW institute in West Berlin,
+echoing recent statements by leading Bundesbank officials, said
+the expansion seen over the last 1-1/2 years did not
+necessarily threaten stability.
+    The five institutes issued a joint spring report, in which
+three -- Kiel, Hamburg and Essen -- forecast a two pct rise in
+GNP in 1987, while West Berlin and Munich predicted one pct.
+    The four institutes said an expansive policy was welcome in
+view of the slowdown in economic activity. But experience has
+shown that strong monetary growth eventually leads to a price
+rise which undoes the beneficial effects of monetary policy.
+    Given virtual zero inflation in West Germany such fears may
+seem exaggerated, they said.
+    "But it has often turned out in the past that the price
+climate can quickly deteriorate, forcing the central bank into
+a restrictive policy," they said.
+    The economic costs of a preventive stability policy are
+less than fighting inflation once it has taken hold, they said.
+    The four institutes disputed the view that monetary
+expansion would slow of its own accord in 1987 as domestic
+investors switch liquidity into longer term capital market
+investments following lower interest rates.
+    "Such redispositions may temporarily dampen the expansion of
+central bank money stock, but do not automatically lead to a
+smaller expansion of money supply," they said.
+    A return to growth and stability did not require
+spectacular central bank moves, but could be done quietly with
+open market operations and repurchase pacts, which would avoid
+an interest rate rise by dampening inflationary expectations.
+    The DIW institute said monetary policy should not be
+focused simply on growth of production potential. Because of
+uncertainty about exchange rate developments and economic
+weakness other factors should be taken into account.
+    Monetary policy should aim for further interest rate cuts
+and avoid rises to boost the economy and discourage revaluation
+speculation. Recent strong monetary expansion was not a threat
+in itself to price stability.
+    The 1979/81 inflation following strong 1977/78 money growth
+reflected other causes, such as rising oil prices and the
+falling mark.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="804" NEWID="16269">
+<DATE>13-APR-1987 09:51:57.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0958&#31;reute
+u f BC-NCR-CORP-&lt;NCR>-1ST-QT   04-13 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NCR CORP &lt;NCR> 1ST QTR NET</TITLE>
+<DATELINE>    DAYTON, Ohio, April 13 -
+    </DATELINE><BODY>Shr 65 cts vs 51 cts
+    Net 61.5 mln vs 50.2 mln
+    Revs 1.12 billion vs 960.8 mln
+    Avg shrs 95.3 mln vs 99.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="805" NEWID="16270">
+<DATE>13-APR-1987 09:53:33.73</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0961&#31;reute
+b f BC-GERMAN-PRODUCER-PRICE   04-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN PRODUCER PRICES FALL 0.1 PCT IN MARCH</TITLE>
+<DATELINE>    WIESBADEN, April 13 - </DATELINE><BODY>West German producer prices fell 0.1
+pct in March compared with February to stand 3.9 pct lower than
+in March last year, the Federal Statistics Office said.
+    In February, producer prices fell 0.3 pct from January and
+dropped 4.2 pct from their levels a year earlier.
+    The Statistics Office said producer prices for natural gas
+had fallen 3.0 pct in March against February, heavy heating oil
+prices were 3.2 pct down, liquefied gas prices fell 14 pct and
+coffee was 7.4 pct cheaper.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="806" NEWID="16271">
+<DATE>13-APR-1987 09:55:07.99</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0965&#31;reute
+b f BC-/USDA-CHANGES-LOW-PRO   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA CHANGES LOW PROTEIN WHEAT TERMINAL PRICES</TITLE>
+<DATELINE>   WASHINGTON, April 13 - </DATELINE><BODY>The U.S. Agriculture Department has
+lowered its ASCS terminal prices for low protein hard red
+winter and hard red spring wheat at a number of locations, a
+senior USDA official said.
+    USDA reduced the price of hard red winter wheat at Kansas
+City and Texas by six cents, at Minneapolis and Duluth by 32
+cents and at St Louis by nine cents, Ralph Klopfenstein, deputy
+administrator of commodity operations at the Agricultural
+Stabilization and Conservation Service, said.
+    The department also lowered the terminal price of hard red
+spring wheat at Minneapolis and Duluth by 32 cents, he said.
+    In addition, USDA cut the Pacific Northwest price of hard
+red spring wheat by 31 cents, USDA officials who asked not to
+be identified said.
+    The officials said hard red spring wheat prices at Chicago,
+Denver and Toledo were adjusted by about the same amount as at
+Pacific Northwest, Duluth and Minneapolis.
+    The price changes should lead to a pickup of PIK and roll
+activity, Klopfenstein said. The price change was decided upon
+last week and will be effective today, he said.
+    Klopfenstein also said the department raised the premiums
+on high protein wheat to offset the drop in low protein wheat
+prices, meaning the net price on any wheat commanding a protein
+premium would remain unchanged.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="807" NEWID="16272">
+<DATE>13-APR-1987 09:58:11.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0972&#31;reute
+u f BC-ALCIDE-&lt;ALCD.O>-SAYS   04-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCIDE &lt;ALCD.O> SAYS TESTS ENCOURAGING</TITLE>
+<DATELINE>    NORWALK, Conn., April 13 - </DATELINE><BODY>Alcide Corp said preliminary
+experimental results obtained using a formulation it has
+developed for the disinfection of blood platelets indicate
+feasibility for the approach.
+    The company notes there have been recent increases in
+reports of transmission of microbial infections in recipients
+of platelets, which are used in blood transfusions in patients
+undergoing cancer therapy.
+    The company said related whole blood tests with baboon
+blood showed no significant loss of in vitro activities or
+survival.
+    The company said as a followup to the studies on thje
+bacterial disinfection of platelets, it is planning to evaluate
+the system for the inactivation of several viruses in the
+presence of platelets.  The viruses include Herpes Simplex
+Virus Type I, cytomegalovirus and Human Immunodeficiency Virus,
+which is responsible for AIDS.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="808" NEWID="16273">
+<DATE>13-APR-1987 09:58:41.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0973&#31;reute
+r f BC-TEXACO-CANADA-&lt;TXC>-U   04-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO CANADA &lt;TXC> UNAFFECTED BY LEGAL MOVE</TITLE>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>Texaco Canada Inc said its business
+operations, its plans and financial integrity are unaffected by
+yesterday's move by 78 pct-owner Texaco Inc &lt;TX> to file for
+protection under U.S. bankruptcy law.
+    Texaco Canada chief executive Peter Bijur said in a
+statement that "it is business as usual for us on Monday
+morning."
+    Texaco Inc added in a statement that it "has never operated
+outside the U.S., and relations with all foreign governments
+and activities of interest to them and their citizens are not
+affected" by its legal dispute with Pennzoil Co &lt;PZL>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="809" NEWID="16274">
+<DATE>13-APR-1987 09:58:49.29</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0974&#31;reute
+r f BC-FHLBB-CHANGES-SHORT-T   04-13 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The Federal Home Loan Bank Board
+adjusted the rates on its short-term discount notes as follows:
+    MATURITY   NEW RATE  OLD RATE  MATURITY
+  30-140 days  5.00 pct  5.00 pct   30-179 days
+ 141-160 days  6.13 pct  6.08 pct  180-200 days
+ 161-182 days  5.00 pct  5.00 pct  201-274 days
+ 183-200 days  6.17 pct  6.18 pct  275-290 days
+ 201-360 days  5.00 pct  5.00 pct  291-360 days
+                       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="810" NEWID="16275">
+<DATE>13-APR-1987 09:58:56.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0975&#31;reute
+d f BC-GALILEO-ELECTRO-OPTIC   04-13 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GALILEO ELECTRO-OPTICS CORP &lt;GAEO> 2ND QTR</TITLE>
+<DATELINE>    STURBRIDGE, Mass, APril 13 -
+    </DATELINE><BODY>Shr 51 cts vs 40 cts
+    Net 1.4 mln vs 851,000
+    Revs 9.8 mln vs 6.5 mln
+    Six months
+    Shr 74 cts vs 50 cts
+    Net 2.0 mln vs 1.1 mln
+    Revs 17.7 mln vs 11.3 mln
+    Avg shrs 2.7 mln vs 2.1 mln
+    NOTE:Quarter ended March 31. 1987 six months includes
+charge of 115,000 dlrs due to reversal of investment tax
+credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="811" NEWID="16276">
+<DATE>13-APR-1987 09:59:27.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0977&#31;reute
+f f BC-greatlakes   04-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GREAT LAKES FOREST PLANS 390 MLN DLR ONTARIO EXPANSION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="812" NEWID="16277">
+<DATE>13-APR-1987 10:00:12.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0978&#31;reute
+b f BC-boston-five,-newworld   04-13 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOSTON FIVE &lt;BFCS.O>, NEWORLD &lt;NWOR.O> TO MERGE</TITLE>
+<DATELINE>    BOSTON, April 13 - </DATELINE><BODY>Boston Five Cents Savings Bank said it
+and Neworld Bank for Savings have agreed to merge, forming a
+new holding company, Boston Five Bancorp.
+    Boston Five said the proposal calls for its holders to
+receive 1.163 shares of the new company's stock for each share
+now held and for Neworld Bank holders to recieve one share for
+each share held in a tax free exchange.
+    Boston Five said the planned merger with Newworld Bank for
+Savings Will create the largest savings bank in Massachusetts
+and the third largest in New England with combined assets of
+3.1 billion dlrs.
+    Boston Five chairman Robert J. Spiller said "There is a
+natural fit between both banks. We consider this to be a merger
+of equals."
+    Spiller will become Chairman of Boston Five Bancorp and
+Neworld president James M. Oates will be president and chief
+executive officer. 
+    Boston Five said its President, Peter J. Blampied, will
+become vice chairman and chief operating officer of the holding
+company. The board of the holding company will have an equal
+number of directors from each institution.
+    "Unlike many recent combinations, this merger has no
+acquisition premium associated with it," Blampied said.
+    Boston Five has assetsof 1.9 billion dlrs and 35 officers.
+Neworld has assets of 1.2 billion dlrs and 24 officers in
+Massachusetts. It also has a loan center in New Hampshire.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="813" NEWID="16278">
+<DATE>13-APR-1987 10:00:46.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0979&#31;reute
+u f BC-COOPERVISION-&lt;EYE>-FO   04-13 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPERVISION &lt;EYE> FORMS RECAPITALIZATION PLAN</TITLE>
+<DATELINE>    PALO ALTO, Calif, APril 13 - </DATELINE><BODY>Coopervision Inc said it is
+preparing a recapitalization plan, which includes a common
+stock repurchase program and an exchange of debt securities for
+common stock.
+    The plan, along with a proposal to change its name to
+Cooper Cos Inc, will be submitted for shareholders' approval at
+the company's annual meeting on June 22.
+    The meeting had been postponed from its original date of
+May 14 in order to let management review recapitalization
+options, it said.
+    In addition, Coopervision said operating income in its
+current fiscal quarter ending April 30 is expected to show an
+improvement over its prior fiscal quarter's 82.5 mln dlrs and
+its year ago quarter.
+    Income from continuing operations was not immediately
+availalbe for the prior year's second quarter in which it
+reported a net loss of 14.9 mln dlrs.
+    At a Drexel Burnham Lambert Investor Conference,
+Coopervision chairman Parker Montgomery said, as previously
+announced, he will listen to any bid that makes sense for
+shareholders.
+    He also said Coopervision's stock fell in 1986 due to its
+second quarter loss, rumors of a liquidation at 30 dlrs and 35
+dlrs a share, and Ivan Boesky's subsequent sale of his
+position.
+    "The stock dropped six dlrs in three days after Boesky sold
+his position and has never recovered," Montgomery said. The
+company's stock is currently trading at 19-1/4.
+    Montgomery further told the conference, "Don't be an
+investor in the stock on the basis of any short term recovery
+in operating or net income in 1987 and 1988."
+    "Our concentration is on maintaining or increasing market
+share in our core businesses this year and next, regardless of
+the impact to the bottom line," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="814" NEWID="16279">
+<DATE>13-APR-1987 10:05:52.85</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0994&#31;reute
+b f BC-colombia-june-coffee   04-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA JUNE COFFEE REGISTRATIONS OPENED</TITLE>
+<DATELINE>    BOGOTA, April 13 - </DATELINE><BODY>Colombia has opened coffee
+registrations for June shipment with no limit set for private
+exporters, as in April and May, a National Coffee Growers'
+Federation official said.
+    Colombia has sold an average of 900,000 bags per month
+since the beginning of the calendar year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="815" NEWID="16280">
+<DATE>13-APR-1987 10:07:38.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1002&#31;reute
+f f BC-******U.S.-FEDERAL-HO   04-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. FEDERAL HOME LOAN BANKS SET OFFERING TOTALING 2.135 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="816" NEWID="16281">
+<DATE>13-APR-1987 10:07:58.33</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f1003&#31;reute
+f f BC-CANADA-LEADING-INDICA   04-13 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>CANADA LEADING INDICATOR UP 0.4 PCT IN JANUARY AFTER 0.4 PCT DECEMBER RISE - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="817" NEWID="16282">
+<DATE>13-APR-1987 10:09:26.96</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE><D>rubio</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1008&#31;reute
+u f BC-SPANISH-MONEY-SUPPLY   04-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH MONEY SUPPLY GROWING AT DOUBLE TARGET PACE</TITLE>
+<DATELINE>    MADRID, April 13 - </DATELINE><BODY>Spain's principal measure of money
+supply, the broad-based liquid assets in public hands (ALP),
+grew at an annualised rate of 17.6 pct in March against 16.6
+pct in February and 19.6 pct in March last year, provisional
+Bank of Spain figures show.
+    The bank's target range for this year is 6.5 to 9.5 pct,
+and Bank of Spain Governor Mariano Rubio said this month he was
+aiming for the lower end of that range.
+    ALP grew by 11.4 pct during 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="818" NEWID="16283">
+<DATE>13-APR-1987 10:10:26.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1012&#31;reute
+u f BC-REEBOK-INTERNATIONAL   04-13 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REEBOK INTERNATIONAL LIMITED &lt;RBK> 1ST QTR</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Shr 72 cts vs 52 cts
+    Net 38.6 mln vs 25 mln
+    Revs 281.8 mln vs 174.5 mln
+    Avg shrs 53.5 mln vs 48.2 mln
+    NOTE: 1987 1st quarter amounts do not includes sales of
+AVIA Group International Inc, acquired at the end of the first
+quarter. 1987 1st quarter revenues include Rockport revenues of
+31 mln dlrs. 1986 1st quarter amounts do not include Rockport,
+as Reebok acuqired that company in October 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="819" NEWID="16284">
+<DATE>13-APR-1987 10:10:36.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1013&#31;reute
+u f BC-BLOUNT-INC-&lt;BLT>-4TH   04-13 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLOUNT INC &lt;BLT> 4TH QTR NET</TITLE>
+<DATELINE>    MONTGOMERY, Ala., April 13 -
+    </DATELINE><BODY>Oper shr 16 cts vs three cts
+    Oper net 1,930,000 vs 391,000
+    Revs 313.9 mln vs 308.9 mln
+    Avg shrs 11.9 mln vs 12.0 mln
+    Year
+    Oper shr 60 cts vs 27 cts
+    Oper net 7,215,000 vs 3,340,000
+    Revs 1.23 billion vs 1.16 billion
+    Avg shrs 11.9 mln vs 12.0 mln
+    NOTE: Prior year net excludes gains 4,896,000 dlrs in
+quarter and 8,873,000 dlrs in year from termination of
+overfunded pension plans.
+    Backlog 1.0 billion dlrs vs 942 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="820" NEWID="16285">
+<DATE>13-APR-1987 10:11:55.28</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1021&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-13 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN LATE HELP OF 210 MLN STG</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>The Bank of England said it gave the
+market late assistance of around 210 mln stg, bringing its
+total help on the day to some 353 mln stg.
+    This compares with the Bank's estimate of the liquidity
+shortage of around 450 mln stg, raised from its early forecast
+of 400 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="821" NEWID="16286">
+<DATE>13-APR-1987 10:12:19.47</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1023&#31;reute
+r f BC-giantbay   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GIANT BAY &lt;GBYLF> IN IDAHO GOLD VENTURE</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, April 13 - </DATELINE><BODY>Giant Bay Resources
+Ltd said it signed an agreement in principle with Hecla Mining
+Co for an operating joint venture on Hecla's Stibnite, Idaho,
+gold deposit.
+    Giant Bay said if its bioleaching technology is used for
+ore processing, it will have the right to acquire a working
+interest in the property. It said it may spend as much as three
+mln U.S. dlrs, excluding capital costs to bring the mine into
+production. It said drilling has indicated substantial sulphide
+reserves with a gold grade of about 0.1 ounce a ton, and early
+tests show the gold ore responds to bioleaching.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="822" NEWID="16287">
+<DATE>13-APR-1987 10:12:37.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1025&#31;reute
+r f BC-BLUE-ARROW-TO-ACQUIRE   04-13 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLUE ARROW TO ACQUIRE RICHARDS CONSULTANTS</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Blue Arrow PLC said it signed an
+agreement to acquire Richards Consultants Ltd for 29 mln dlrs
+in cash and securities.
+    Richards is a privately-owned New York-based executive
+recruitment firm.
+    As part of the agreement, Blue Arrow said the four
+principal shareholders who manage Richards will enter into
+long-term service contracts with it. The agreement is subject
+to approval of Blue Arrow shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="823" NEWID="16288">
+<DATE>13-APR-1987 10:12:41.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1026&#31;reute
+r f BC-MERRY-GO-ROUND-&lt;MGRE>   04-13 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRY-GO-ROUND &lt;MGRE> SETS STOCK SPLIT</TITLE>
+<DATELINE>    TOWSON, Md., April 13 - </DATELINE><BODY>Merry-Go-Round Enterprises Inc said
+its board declared a three-for-two stock split, payable May One
+to holders of record April 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="824" NEWID="16289">
+<DATE>13-APR-1987 10:14:49.88</DATE>
+<TOPICS><D>lead</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M F
+&#22;&#22;&#1;f1035&#31;reute
+u f BC-asarco-lead-price   04-13 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASARCO UPS U.S. LEAD PRICE 0.50 CT TO 27 CTS</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Asarco Inc said it is increasing its
+base spot sales price for refined lead by one-half cent to 27.0
+cents a lb, FOB, delivered in carload lots, effective
+immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="825" NEWID="16290">
+<DATE>13-APR-1987 10:16:43.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1043&#31;reute
+b f BC-ENEL-ISSUES-15-BILLIO   04-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENEL ISSUES 15 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, April 13 -  </DATELINE><BODY>Italy's state-owned Ente Nazionale per
+l'Energia Elettrica (ENEL) is issuing a 15 billion yen eurobond
+due May 27, 1994 paying 4-3/4 pct and priced at 101-7/8 pct,
+joint-lead bookrunner IBJ International Ltd said. Morgan
+Stanley International is the other joint-lead bookrunner and
+appears on the left in documentation.
+    The non-callable bond is available in denominations of one
+mln yen and will be listed in Luxembourg. The selling
+concession is 1-1/4 pct while management and underwriting
+combined pays 5/8 pct. The payment date is May 27.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="826" NEWID="16291">
+<DATE>13-APR-1987 10:16:56.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1044&#31;reute
+f f BC-******IRVING-BANK-COR   04-13 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IRVING BANK CORP 1ST QTR SHR 1.51 DLRS VS 1.62 DLRs
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="827" NEWID="16292">
+<DATE>13-APR-1987 10:19:08.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>mohammed-ali-abal-khail</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1054&#31;reute
+u f BC-SAUDI-ARABIA-LIBERALI   04-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA LIBERALISES BANKING SYSTEM</TITLE>
+<AUTHOR>    By Stephen Jukes, Reuters</AUTHOR>
+<DATELINE>    BAHRAIN, April 13 - </DATELINE><BODY>Saudi Arabia has speeded up reform of
+its financial system with a package of measures designed to
+boost the economy and open up the Kingdom to the lucrative
+world of investment banking.
+    Bankers in Saudi Arabia detect a fundamental shift in
+policy stemming from a need to tackle the underlying
+contradiction between an Islamic legal framework and western
+banking system.
+    One senior banker in Jeddah said: "There is a new wind
+blowing... Saudi Arabia is moving on many fronts in a manner
+that is extraordinarily aggressive."
+    The speed of reform, begun last year but now gathering
+pace, has surprised bankers who have had to contend with a
+financial system that restricted internationalisation of the
+riyal and a religious court system that made debt collecting
+difficult.
+    Saudi banks, once the most profitable in the world, have
+generally reported falling profits for 1986 -- the fourth
+successive year of decline -- as loan loss provisions ate into
+already dwindling earnings.
+    Bankers say the Saudi Finance Ministry and Saudi Arabian
+Monetary Agency (SAMA) seem to have developed a new strategy
+although it remains to be seen how it will be implemented.
+    Reform started in 1986 with measures to boost previously
+dormant stock trading, but took off in earnest this year.
+    -- From January 1, SAMA liberalised the money market,
+giving banks greater access to liquidity aid via repurchase
+agreements.
+    -- From March 22, the Finance Ministry abolished
+withholding tax on funds borrowed by Saudi banks abroad.
+    -- From the same date, banks were notified of a new
+committee to be set up under the auspices of SAMA to hear bank
+disputes with creditors over non-payment of loans.
+    -- Also from the same date, banks were allowed to use
+mortgages as collateral for lending, banned since 1981.
+    -- Within a few weeks, the Kingdom's first stock market
+trading floor is expected to be opened.
+    Housed in central Riyadh in the building of the Saudi
+Industrial Development Fund, the floor will initially be used
+to trade shares on an auction system. Staff from each of the 11
+commercial banks have been trained ahead of the launch and a
+new computer network has been set up.
+    One banker said: "The abolition of withholding tax will give
+banks the opportunity to participate in new instruments such as
+interest rate or currency swaps. At last SAMA and the Finance
+Ministry are opening up markets for investment banking."
+    Bankers say Saudi authorities appear to have been shocked
+into reform by pressure from banks and alarm at bank reluctance
+to extend further loans to the private sector.
+    Banks have lobbied hard for change, arguing that the
+religious, or Sharia, legal framework was inconsistent with the
+Kingdom's western banking system and made it nigh impossible
+for them to collect interest on bad loans through the courts.
+    As a result, many banks had virtually stopped new lending,
+but found themselves cut off from world investment banking by a
+series of restrictions. Withholding tax made it punitively
+expensive to take part in interest rate or currency swaps.
+    The private sector's frustration at the virtual standstill
+in bank lending overflowed at a businessmen's conference in the
+mountain resort in Abha last month and some powerful merchant
+families also called for change, bankers said.
+    "Banks lobbied hard and had the ultimate weapon to force
+change -- they stopped lending," another banker said. "That was
+stifling growth of the economy."
+    It is still unclear whether the new committee that will be
+set up to hear bank disputes with creditors will prove any more
+efficient than another non-Sharia system already in force, the
+Committees for the Settlement of Commercial Disputes (CSCDs).
+    Some bankers believe the new committee, yet to be formed,
+will simply delay pending cases and force banks into a series
+of private deals with creditors.
+    Nor is it clear what stance the new committee will take on
+interest payments, generally not recognised under Islamic law.
+    But other bankers say the move is clear recognition by SAMA
+and the Finance Ministry that Sharia courts and the CSCDs were
+not the correct bodies for hearing bank disputes.
+    Other reforms have been taken or are in the pipeline.
+Finance Minister Mohammed Ali Abal-Khail said in March that a
+new body would examine late government payments to contractors.
+    In addition, further moves are under way to align business
+life to the Gregorian calendar year, with companies being urged
+to adopt it as their financial year.
+    A black list of borrowers, started more than two years ago
+by banks, has recently been effectively sanctioned by SAMA,
+bankers say.
+    Banks are now not permitted to lend or engage in securities
+transactions with any party on the list.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="828" NEWID="16293">
+<DATE>13-APR-1987 10:25:09.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1083&#31;reute
+b f BC-******GENERAL-NUTRITI   04-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL NUTRITION FILES FOR SECONDARY OFFERING OF EIGHT MLN COMMON SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="829" NEWID="16294">
+<DATE>13-APR-1987 10:28:07.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1091&#31;reute
+u f BC-IRVING-BANK-CORP-&lt;V>   04-13 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRVING BANK CORP &lt;V> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Shr 1.51 dlr vs 1.62 dlr
+    Net 28.6 mln vs 30.4 mln
+    Assets 23.8 billion vs 20.9 billion
+    Deposits 15.5 billion vs 14 billion
+    Loans 13.8 billion vs 12 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="830" NEWID="16295">
+<DATE>13-APR-1987 10:29:40.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1094&#31;reute
+u f BC-GENERAL-NUTRITION-&lt;GN   04-13 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL NUTRITION &lt;GNC> FILES FOR OFFERING</TITLE>
+<DATELINE>    Pittsburgh, April 13 - </DATELINE><BODY>General Nutrition Inc filed a
+registration statement with the Securities and Exchange
+Commission for a secondary offering of eight mln common shares.
+    All the shares are being sold by the estate of David
+Shakarian, the founder of the company. Kidder, Peabody and Co
+Inc will be the sole manager of the underwriting.
+    The Shakarian estate owns 25.6 mln shares of General
+Nutrition. There are 33.1 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="831" NEWID="16296">
+<DATE>13-APR-1987 10:30:12.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1097&#31;reute
+f f BC-******TEXACO-INC-APPE   04-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEXACO NOT REQUIRED TO POST BOND IN APPEAL OF PENNZOIL JUDGMENT, COURT SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="832" NEWID="16297">
+<DATE>13-APR-1987 10:30:34.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1098&#31;reute
+r f BC-O'SULLIVAN-CORP-&lt;OSL>   04-13 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>O'SULLIVAN CORP &lt;OSL> 1ST QTR NET</TITLE>
+<DATELINE>    WINCHESTER, Va., April 13 -
+    </DATELINE><BODY>Shr 28 cts vs 32 cts
+    Net 2,823,000 vs 3,216,000
+    Rev 47.9 mln vs 42.9 mln
+    NOTE: The 1986 earnings per share adjusted for a four for
+three stock distribution paid May 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="833" NEWID="16298">
+<DATE>13-APR-1987 10:30:47.13</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1099&#31;reute
+f f BC-FRENCH-13-WEEK-T-BILL   04-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH 13-WEEK T-BILL AVERAGE RATE RISES TO 7.39 PCT FROM 7.36 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="834" NEWID="16299">
+<DATE>13-APR-1987 10:31:21.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1105&#31;reute
+r f BC-PARK-COMMUNICATIONS-I   04-13 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARK COMMUNICATIONS INC &lt;PARC> 1ST QTR NET</TITLE>
+<DATELINE>    ITHACA, N.Y., April 13 -
+    </DATELINE><BODY>Shr 15 cts vs 14 cts
+    Net 2,028,000 vs 1,879,000
+    Revs 32.1 mln vs 29.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="835" NEWID="16300">
+<DATE>13-APR-1987 10:31:27.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1106&#31;reute
+r f BC-NVHOMES-&lt;NVH>-SETS-SP   04-13 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NVHOMES &lt;NVH> SETS SPLIT PAYMENT DATE</TITLE>
+<DATELINE>    MCLEAN, Va., April 13 - </DATELINE><BODY>NVHomes LP said April 30 will be
+the distribution date for new units as a result of its
+previously-announced two-for-one split to unitholders of record
+April 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="836" NEWID="16301">
+<DATE>13-APR-1987 10:31:45.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1109&#31;reute
+r f BC-BERKEY-INC-&lt;BKY>-4TH   04-13 0083</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+BERKEY INC &lt;BKY> 4TH QTR NET
+    GREENWICH, Conn., April 13
+    Oper shr profit one cent vs loss 32 cts
+    Oper net profit 64,000 vs loss 1,496,000
+    Revs 47.1 mln vs 60.4 mln
+    12 mths
+    Oper shr loss 2.87 dlrs vs loss 70 cts
+    Oper Net loss 13.5 mln vs loss 3,267,000
+    Revs 166.6 mln vs 159.8 mln
+    NOTE: qtr 1985 excludes profit 663,000 dlrs, or 14 cts per
+share, from discontinued operations; and excludes loss 900,000
+dlrs, or 19 cts per share, for net operating loss carryforward.
+    12 mths 1986 excludes discontinued operations loss 129,000
+dlrs, or three cts per share.
+    12 mths 1985 excludes discontinued operations gain
+9,837,000 dlrs, or 2.12 dlrs per share; and excludes gain
+813,000 dlrs, or 17 cts per share, for net operating loss
+carryforward.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="837" NEWID="16302">
+<DATE>13-APR-1987 10:32:05.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1111&#31;reute
+f f BC-******DILLARD-DEPARTM   04-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DILLARD DEPARTMENT STORES AGREES TO BUY TWO ALLIED STORES UNITS FOR 255 MLN DLRS CASH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="838" NEWID="16303">
+<DATE>13-APR-1987 10:33:54.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1125&#31;reute
+f f BC-******CHEMICAL-NEW-YO   04-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHEMICAL NEW YORK CORP 1ST QTR SHR 1.58 DLRS VS 1.93 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="839" NEWID="16304">
+<DATE>13-APR-1987 10:34:16.19</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1127&#31;reute
+u f BC-/BANKERS-TRUST-&lt;BT>-R   04-13 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST &lt;BT> RAISES BROKER LOAN RATE</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Bankers Trust Co said it is raising
+its broker loan rate to 7-1/2 pct from 7-1/4 pct, effective
+immediately.
+    U.S. Trust Co, the only other bank to publicize its broker
+rate, was already posting 7-1/2 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="840" NEWID="16305">
+<DATE>13-APR-1987 10:35:45.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1140&#31;reute
+f f BC-IRVING/MOODYS   04-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S MAY DOWNGRADE IRVING BANK CORP, AFFECTS 950 MLN DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="841" NEWID="16306">
+<DATE>13-APR-1987 10:36:11.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM Y V
+&#22;&#22;&#1;f1141&#31;reute
+b f BC-/PENNZOIL&lt;PZL>-TO-CON   04-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNZOIL&lt;PZL> TO CONTEST TEXACO &lt;QTX> BANKRUPTCY</TITLE>
+<DATELINE>    HOUSTON, April 13 - </DATELINE><BODY>Pennzoil Co lawyers said they plan to
+file documents challenging Texaco Inc's Chapter 11 bankruptcy
+proceedings in the Southern District of New York.
+    John Jeffers, a Houston lawyer representing Pennzoil in its
+10.53 billion dlr dispute with Texaco over the acquisition of
+Getty Oil Co, said he expected the challenge to be filed
+sometime this week.
+    "We'll challenge it as a bad faith filing," Jeffers told
+Reuters following a brief hearing before a Texas State Court of
+Appeals.
+    The court had been scheduled to hear arguments on a Texaco
+motion to reduce the amount of bond required for it to appeal
+the judgement.
+    Instead, the court agreed with Texaco lawyers that the
+issue was moot because of Texaco's bankruptcy petition filed
+yesterday that stays all of its debts and obligations.
+    "We think they abused the process," Jeffers said, referring
+to Texaco's bankruptcy filing.
+    D. J. Baker, a lawyer representing Texaco, told reporters
+that the nation's third largest oil company was forced to seek
+bankruptcy protection because of its precarious fianncial
+condition and problems with suplliers and bankers stemming from
+the 10.53 billion dlr judgement.
+    "All activity after the filing can be conducted on normal
+business terms," Baker said.
+    He said Texaco would seek permission from the court to
+continue its appeal in Texas courts of the Pennzoil judgement.
+    "There will be no bond required because all state court
+litigation has been stayed," Baker said.
+    When asked whether Texaco's reorganization plan would
+include major restructuring of the company, Baker declined to
+say what the eventual plan might include.
+    "I think Texaco will succesfully complete its Chapter 11
+proceedings and have a reorganization plan approved by the
+court," he said.
+    Baker said Texaco expected Pennzoil to seek a seat on a
+creditors' committee to be appointed by the bankruptcy courts
+but added he did not know whether Texaco would oppose such an
+attempt.
+    Lawyers for both sides also said that each company
+continued to be interested in a possible settlement, but
+declined to say whether any negotiations were scheduled between
+the two companies.
+    "Texaco has tried to settle and will continue and try and
+settle," Baker said.
+    The two companies reportedly remain far apart in what each
+considers to be a fair settlement, with Pennzoil seeking
+between three and five billion dlrs, while Texaco has
+maintained it cannot pay more than about one billion dlrs,
+according to analysts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="842" NEWID="16307">
+<DATE>13-APR-1987 10:37:20.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1148&#31;reute
+u f BC-PENTLAND-TO-REDUCE-RE   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTLAND TO REDUCE REEBOK &lt;RBK> HOLDINGS</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Pentland Industries PLC said it report
+a substantial capital gain from the sale of part of its
+holdings in Reebok International Limited, which will cut its
+stake in Reebok to 32.2 pct from 36.7 pct.
+     It said Reebok filed a registration statement with the
+Securities and Exchange Commission for the offering of six mln
+shares of Reebok common. Reebok will sell three mln shares and
+Pentland will sell 1,404,866 shares, reducing its stake in
+Reebok to 18.1 mln from 19.5 mln shares.
+    After the offering, Reebok will have 56.1 mln shares shares
+outstanding.
+    Pentland said the amount of the capital gain from the sale
+depends on the offering price for the Reebok shares to be
+negotiated between it, Reebok, and the other selling
+stockholders who will offer about 1.6 mln shares of Reebok
+common, and the underwriters.
+    Pentland said proceeds from the offering will be used by
+Reebok to retire bank debt incurred in its acquisition of AVIA
+Group for about 180 mln dlrs. Is said that afterwards, Reebok
+will have bank credit lines available for general corporate
+purposes, including possible acquisitions.
+    Reebok's stock was selling at 45-1/2, up 1/8. At that
+price, the 1.4 mln Reebok shares Pentland will sell are worth
+about 64 mln dlrs and the three mln shares Reebok will sell are
+worth about 136.5 mln dlrs.
+    Pentland said it will use proceeds to fund growth and
+possible acquisitions.
+    Pentland said 4,500,000 shares of Rebbok will be offered in
+the U.S. by a syndicate led by Kidder, Peabody and Co Inc and
+1,500,000 shares will be offered outside the U.S. by an
+international syndicate led by Kidder.
+    It said the U.S. underwriters have been granted an option
+to buy from certain selling stockholders up to an additional
+900,000 shares to cover overallotments. Pentland said it has
+not chosen to participate in this over allotment.
+    Pentland said that as soon as the date and price of the
+offering have been determined it will release further details.
+    It said it expects the offering to close in May.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="843" NEWID="16308">
+<DATE>13-APR-1987 10:37:32.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1150&#31;reute
+f f BC-******SEARS-ROEBUCK-A   04-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEARS ROEBUCK SAID IT WILL REDEEM ALL ADJUSTABLE RATE PREFERRED SHARES, FIRST SERIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="844" NEWID="16309">
+<DATE>13-APR-1987 10:38:49.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1159&#31;reute
+u f BC-U.S.-HOME-LOAN-BANKS   04-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOME LOAN BANKS SET 2.135 BILLION DLR OFFER</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The Office of Finance of the Federal
+Home Loan Banks announced a debt offering totalling 2.135
+billion dlrs consisting of three issues.
+    The issues are 1.2 billion dlrs maturing April 25, 1989;
+635 mln dlrs maturing April 27, 1992; and 300 mln dlrs maturing
+April 25, 1994.
+    The office said the issues will be priced and offered for
+sale tomorrow. Secondary trading will occur April 15.
+    The issues are for settlement April 27, the office said.
+    The office said 120 mln dlrs of the 1989 issue, 63.5 mln
+dlrs of the 1992 issue and 30 mln dlrs of the 1994 issue will
+be reserved for the Federal Reserve System for its own or
+customer accounts.
+    It said the bonds are available in book entry form only in
+increments of 10,000 dlrs and 5,000 dlrs thereafter. No
+definitive bonds will be available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="845" NEWID="16310">
+<DATE>13-APR-1987 10:39:40.04</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f1169&#31;reute
+u f BC-CANADA-JANUARY-LEADIN   04-13 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA JANUARY LEADING INDICATOR UP 0.4 PCT</TITLE>
+<DATELINE>    OTTAWA, April 13 - </DATELINE><BODY>Canada's leading composite indicator
+rose 0.4 pct in January with eight of the 10 major components
+posting gains, the most widespread monthly advance in the past
+year, Statistics Canada said.
+    The index also gained 0.4 pct in the preceeding month. The
+unfiltered index, however, fell 0.1 pct in January after rising
+1.0 pct in December.
+    The gain was led by the residential construction index
+while the manufacturing groups continued to improve and the
+stock market index turned up, the federal agency reported.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="846" NEWID="16311">
+<DATE>13-APR-1987 10:40:44.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1177&#31;reute
+u f BC-&lt;NATIONAL-WESTMINSTER   04-13 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NATIONAL WESTMINSTER BANK PLC> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Net 17.7 mln vs 15.3 mln
+    NOTE: &lt;National Westminster Bank PLC> subsidiary.
+    Loan loss provision 13.8 mln vs 13.0 mln
+    Investment securitiesd gaons 2,003,000 dlrs vs 169,000
+dlrs.
+    Figures in dollars.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="847" NEWID="16312">
+<DATE>13-APR-1987 10:40:53.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1178&#31;reute
+u f BC-IRVING-BANK-&lt;V>-CITES   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRVING BANK &lt;V> CITES LOANS IN EARNING DECLINE</TITLE>
+<DATELINE>    NEW YORK , April 13 - </DATELINE><BODY>Irving Bank Corp said the decline in
+its first quarter earnings to 28.6 mln dlrs from 30.4 mln dlrs
+in the year-ago period were due to the placement on a
+non-accrual basis of 215 mln dlrs and 33 mln dlrs of medium and
+long-term loans to borrowers in Brazil and Equador.
+    Excluding the impact of the non-accrual loans, Irving said
+its first quarter net income would have rose 8.4 pct to 32.9
+mln and per share amounts would have risen eight pct to 1.75
+dlr. In the first quarter the bank reported earnings per share
+of 1.51 dlr compared to 1.62 dlr in the same period last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="848" NEWID="16313">
+<DATE>13-APR-1987 10:42:50.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1194&#31;reute
+b f BC-SEARS-&lt;S>-TO-REDEEM-A   04-13 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> TO REDEEM ADJUSTABLE RATE PREFERRED</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>Sears, Roebuck and Co said it will
+redeem all its outstanding adjustable rate preferred shares,
+first series. The redemption price is 103.79 dlrs a share,
+which includes accrued and unpaid dividends from April 1, 1987,
+to the date of redemption of 79 cts a share.
+    Of the 50 mln shares authorized, 2.5 mln were issued, the
+company said.
+    It said no dividends will accrue on the shares after May
+15, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="849" NEWID="16314">
+<DATE>13-APR-1987 10:43:31.53</DATE>
+<TOPICS><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1198&#31;reute
+u f BC-GLOBAL-LOWERS-HEAVY-F   04-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLOBAL LOWERS HEAVY FUELS PRICES</TITLE>
+<DATELINE>    New York, April 13 - </DATELINE><BODY>Global Petroleum corp said today it
+lowered the posted cargo prices for number six fuel in the new
+york harbor 45 to 75 cts a barrel, effective today.
+    The decrease brings the prices for one pct sulphur to 20.75
+dlrs, down 45 cts, two pct sulphur 20.10 dlrs, down 75 cts, 2.2
+pct sulphur 19.75 dlrs, down 75 cts and 2.5 pct sulphur 19.50
+dlrs, down 75 cts.
+    Prices for 0.3 pct and 0.5 pct sulphur remained unchanged
+at 22.50 and 21.85 dlrs, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="850" NEWID="16315">
+<DATE>13-APR-1987 10:43:42.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1199&#31;reute
+b f BC-/CHEMICAL-NEW-YORK-CO   04-13 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMICAL NEW YORK CORP &lt;CHL> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>shr 1.58 dlrs vs 1.93 dlrs
+    net 86,220,000 vs 102,629,000
+    avg shrs 50,831,512 vs 49,156,828
+    assets 61.04 billion vs 57.95 billion
+    loans 38.76 billion vs 39.68 billion
+    deposits 38.20 billion vs 33.14 billion
+    return on assets 0.57 pct vs 0.71 pct
+    return on common equity 11.47 pct vs 15.19 pct
+    NOTE: 1987 qtr net reduced by 12 mln dlrs because 1.04
+billion dlrs of Brazil loans were placed on non-accrual
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="851" NEWID="16316">
+<DATE>13-APR-1987 10:46:40.29</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f1211&#31;reute
+u f BC-CCC-ACCEPTS-BONUS-ON   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS BONUS ON CATTLE TO CANARY ISLANDS</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has accepted a bid for an export bonus to cover the sale
+of 2,750 head of dairy cattle to the Canary Islands, the U.S.
+Agriculture Department said.
+    The cattle are for delivery May, 1987-October, 1988, it
+said.
+    The bonus was 1,379.00 dlrs per head and was made to
+Holstein-Friesian, Inc and will be paid in the form of
+commodities from the CCC inventory.
+    An additional 175 headed of dairy cattle for still
+available to the Canary Islands under the Export Enhancement
+Program initiative announced July 28, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="852" NEWID="16317">
+<DATE>13-APR-1987 10:46:45.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1212&#31;reute
+r f BC-AFG-INDUSTRIES-INC-&lt;A   04-13 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFG INDUSTRIES INC &lt;AFG> 1ST QTR NET</TITLE>
+<DATELINE>    IRVINE, Calif., April 13 -
+    </DATELINE><BODY>Shr primary 54 cts vs 41 cts
+    Shr diluted 51 cts vs 38 cts
+    Net 9,098,000 vs 5.924,000
+    Revs 111.7 mln vs 85.0 mln
+    Avg shrs primary 16,889,254 vs 14,500,737
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="853" NEWID="16318">
+<DATE>13-APR-1987 10:47:19.49</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>greece</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f1216&#31;reute
+u f BC-WORK-ON-GREEK-ALUMINA   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORK ON GREEK ALUMINA PLANT TO START END MAY</TITLE>
+<DATELINE>    ATHENS, April 13 - </DATELINE><BODY>Preparatory work for construction of a
+450 mln dlr alumina plant near the village of Aghia Efthymia in
+the Greek province of Fokida will begin at the end of next
+month and the plant will be operational by 1992, Industry
+Undersecretary George Petsos said.
+    Greece yesterday signed contracts with the Soviet Union for
+the joint venture project, the biggest investment in the
+country for 20 years.
+    Petsos said the Soviet Union, which had initially agreed to
+buy 380,000 tonnes, would now purchase the plant's entire
+output of 600,000 tonnes a year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="854" NEWID="16319">
+<DATE>13-APR-1987 10:47:55.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1218&#31;reute
+u f BC-&lt;NEW-MILFORD-SAVINGS   04-13 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;NEW MILFORD SAVINGS BANK> 1ST QTR NET</TITLE>
+<DATELINE>    NEW MILFORD, Conn., April 13 -
+    </DATELINE><BODY>Shr 62 cts vs 26 cts
+    Net 2,312,000 vs 944,000
+    NOTE: 1987 includes five ct shr charge from loan loss
+provision.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="855" NEWID="16320">
+<DATE>13-APR-1987 10:50:19.55</DATE>
+<TOPICS><D>acq</D><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1228&#31;reute
+u f BC-COMMONWEALTH-ALUMINUM   04-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH ALUMINUM PUTS PLANT ON THE BLOCK</TITLE>
+<DATELINE>    GOLDENDALE, Wash, April 13 - </DATELINE><BODY>Commonwealth Aluminum
+(Comalco) said it put its Goldendale, Wash., smelter back on
+the market after would-be buyer, Columbia Aluminum Corp, of
+Hermiston, Ore., failed to pull together financing by an April
+one deadline.
+    The plant, which has an asking price of 18.7 mln dlrs plus
+several mln more dlrs for inventory, it said. Commonwealth said
+it is continuing talks with Columbia, but has also opened talks
+with other interested parties.
+    Commonwealth bought the plant in January 1985 and closed it
+Feb 15, 1987, leaving about 400 workers jobless.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="856" NEWID="16321">
+<DATE>13-APR-1987 10:50:54.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1231&#31;reute
+b f BC-ALZA-CORP-ISSUES-75-M   04-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALZA CORP ISSUES 75 MLN DLR CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Alza Corp &lt;AZA>, a U.S. Pharmaceutical
+products concern, is issuing a 75 mln dlr convertible eurobond
+due May 8, 2002 with an indicated coupon of 5-1/2 to 5-3/4 pct
+and par pricing, lead manager Merrill Lynch Capital Markets
+said.
+    The bond is available in denominations of 1,000 and 10,000
+dlrs and will be listed in Luxembourg.
+    Fees comprise 1-1/2 pct selling concession and 1/2 pct
+management and underwriting combined. The conversion premium is
+indicated at 17 to 22 pct. Final terms will be fixed before
+April 21.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="857" NEWID="16322">
+<DATE>13-APR-1987 10:52:07.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1235&#31;reute
+b f BC-INTERFINCO-SETS-50-ML   04-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERFINCO SETS 50 MLN SFR FIVE-YEAR CONVERTIBLE</TITLE>
+<DATELINE>    ZURICH, April 13 - </DATELINE><BODY>Interfinco S.A. Of Luxembourg is
+launching a 50 mln Swiss franc five-year convertible bond with
+an indicated coupon of 2-1/2 pct, lead manager S.G. Warburg
+Soditic SA said.
+    The issue, guaranteed by Cofide-Compagnia Finanziaria de
+Benedetti SpA of Turin, Italy, is convertible into shares of
+&lt;CIR SpA - Compagnie Industriali Riunite> at an indicated
+premium of five pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="858" NEWID="16323">
+<DATE>13-APR-1987 10:52:30.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM Y A
+&#22;&#22;&#1;f1238&#31;reute
+u f BC-/S/P-DOWNGRADES-TEXAC   04-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P DOWNGRADES TEXACO'S &lt;TX> DEBT TO 'D'</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded to D about 8.4 billion dlrs of debt of Texaco Inc
+and the oil company's subsidiaries.
+    The rating agency cited Texaco's filing over the weekend
+for protection under Chapter 11 of the Bankruptcy Code while
+Texaco seeks judicial relief from an 8.5 billion dlr, plus
+interest and costs, judgement against it in the suit brought by
+Pennzoil Co &lt;PZL>.
+    S and P uses the D rating grade for securities issued by
+companies in Chapter 11 reorganization, the agency said.
+    Reduced to D from B were the senior debt of Texaco, Getty
+Oil Co, Getty Oil International (Caribbean) N.V., Pembroke
+Capital Co Inc, Reserve Oil and Gas Co, Texaco Capital Inc,
+Texaco Capital N.V., Texaco Convent Refining Inc, Tidewater Oil
+Co and Loop Inc.
+    Cut to D from C were MAGEC Finance Co and from CCC the
+subordinated debt of Texaco Capital N.V.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="859" NEWID="16324">
+<DATE>13-APR-1987 10:54:46.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1242&#31;reute
+b f BC-H.F.-AHMANSON-AND-CO   04-13 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.F. AHMANSON AND CO &lt;AHM> 1ST QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, April 13 -
+    </DATELINE><BODY>Shr 84 cts vs 80 cts
+    Net 82,416,000 vs 67,819,000
+    Revs 703.9 mln vs 759.7 mln
+    Avg shrs 98,369,307 vs 84,807,498
+    Loans 19.06 billion vs 19.51 billion
+    Deposits 21.60 billion vs 19.86 billion
+    Assets 27.16 billion vs 27.15 billion
+    Note: Prior qtr per shr figure adjusted for three-for-one
+stock split of May 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="860" NEWID="16325">
+<DATE>13-APR-1987 10:56:28.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1249&#31;reute
+r f BC-DU-PONT-&lt;DD>-UNIT-TO   04-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DU PONT &lt;DD> UNIT TO REDEEM NOTES</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Du Pont Overseas Capital N.V., a unit
+of Du Pont Co, said it will redeem on May 15 all 189 mln dlrs
+of its outstanding 13-3/4 pct guaranteed retractable notes due
+1997.
+    It will buy back the notes at par value plus accrued
+interest, Du Pont Overseas said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="861" NEWID="16326">
+<DATE>13-APR-1987 10:57:23.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1252&#31;reute
+r f BC-BERKEY-&lt;BKY>-ELECTS-C   04-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERKEY &lt;BKY> ELECTS CHAIRMAN, RAISES 4 MLN DLRS</TITLE>
+<DATELINE>    GREENWICH, Conn., April 13 - </DATELINE><BODY>Berkey Inc said it elected
+Jonathan Taplin as its chairman, replacing A. Michael Victory,
+who will remain as a company director.
+    Taplin was formerly a director of the company, Berkey said.
+    In addition, the company said it will raise four mln dlrs
+through a privately-placed convertible preferred stock offering
+and other securities.
+    It said the offering will give holders upon exercise the
+right to acquire approximately 1.5 mln shares of the company's
+common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="862" NEWID="16327">
+<DATE>13-APR-1987 10:57:41.71</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1254&#31;reute
+b f BC-PAKISTAN-REPORTEDLY-B   04-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN REPORTEDLY BOUGHT WHITE SUGAR AT TENDER</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Pakistan is reported to have bought
+100,000 tonnes of white sugar at its weekend tender from a
+North Korean operator, traders said.
+    The purchase, believed priced around 210 dlrs a tonne cost
+and freight for fine/medium grain, was due to be shipped for
+arrival in May (30,000 tonnes), in June (45,000) and in July
+(25,000 tonnes), they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="863" NEWID="16328">
+<DATE>13-APR-1987 10:57:43.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1255&#31;reute
+f f BC-bank-of-england-to-au   04-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> bank of england to auction up to 3.25 billion stg in gilts, first auction in mid-may
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="864" NEWID="16329">
+<DATE>13-APR-1987 10:58:31.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1258&#31;reute
+u f BC-EKN-BANK-SETS-25-MLN   04-13 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EKN BANK SETS 25 MLN SWISS FRANC WARRANT BOND</TITLE>
+<DATELINE>    ZURICH, April 13 - </DATELINE><BODY>EKN Bank of Nidwalden is launching a 25
+mln Swiss franc 2-1/2 pct 10-year bond with warrants at par,
+lead manager Bank Leu AG said.
+    Each 1,000-franc bond carries a warrant entitling the
+holder to buy one 200-franc nominal EKN bearer share for 510
+francs.
+    Subscriptions close April 24.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="865" NEWID="16330">
+<DATE>13-APR-1987 11:00:47.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1266&#31;reute
+b f BC-MOODY'S-MAY-DOWNGRADE   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE THREE FRENCH BANKS</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade the top-flight Aaa ratings of Societe Generale,
+Banque Nationale de Paris and Credit Lyonnais.
+    The rating agency cited the ongoing deregulation of the
+French banking industry and financial markets. Moody's said it
+anticipates increasing competition and reduced profitability of
+the banks' core businesses.
+    The senior debt and certificates of deposit of the three
+banks are rated Aaa. However, their Prime-1 commercial paper
+ratings are not under review. Issues supported by long-term
+letters of credit of the banks may also be affected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="866" NEWID="16331">
+<DATE>13-APR-1987 11:04:04.46</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1279&#31;reute
+b f BC-/-FED-EXPECTED-TO-SET   04-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO SET THREE-DAY REPURCHASE PACTS</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>The Federal Reserve is expected to
+enter the U.S. Government securities market to add temporary
+reserves directly by arranging three-day System repurchase
+agreements, economists said.
+    They said the Fed may add the reserves indirectly instead
+via a large round, two billion dlrs or more, of customer
+repurchase agreements.
+    Federal funds, which averaged a high 6.35 pct on Friday,
+opened at 6-7/16 pct and traded between there and 6-1/2 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="867" NEWID="16332">
+<DATE>13-APR-1987 11:05:08.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1285&#31;reute
+u f BC-ALLIED-STORES-&lt;ALS>-S   04-13 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED STORES &lt;ALS> SELLS DILLARD &lt;DDS> TWO UNITS</TITLE>
+<DATELINE>    New York, April 13 - </DATELINE><BODY>Dillard Department Stores Inc, based
+in Little Rock, Ark., and Allied Stores Corp jointly said they
+entered a definitive purchase agreement for the sale to Dillard
+of the Joske's and the Cain-Sloan divisions of Allied for 255
+mln dlrs cash, subject to certain closing adjustments.
+    The sale excludes certain real estate assets of Joske's and
+Cain-Sloan, which Allied estimates have an aggregate value of
+30 mln dlrs based on current market conditions.
+    Joske's has 26 stores in Texas and one in Arizona.
+Cain-Sloan has four stores in Nashville. Joske's is the largest
+unit Allied has slated for sale in its restructuring.
+    Allied Stores Corp, a subsidiary of Campeau Corp, was
+acquired by acquired by the Canadian developer last year.
+    Robert Campeau, chairman of Allied, said "this is a
+terrific start to our disposition program which is proceeding
+well ahead of schedule. This sale will fulfill the requirements
+under our bank agreements to sell certain assets by June 30 and
+give us additional flexibility in the disposal of the remaining
+divisions being sold."
+     Allied Stores is required to pay 200 mln dlrs in bank debt
+by June 30. There had been some doubts on Wall Street that the
+company could meet the payment.
+    A Campeau source said, "We believe this cash sale puts us
+in a very strong negotiating position to maximize the proceeds
+Allied can receive from its other divisions."
+    "Allied was able to put itself in a position where it knows
+it will be able to meet the June 30 payment schedules," the
+source said.
+    About 1.1 bilion dlrs in Allied assets had been targeted
+for sale by Dec. 31, 1988 to pay for the aquisition of Allied
+by Campeau.
+    Allied will be taking bids for its other divisions.
+Targeted for sale are Bonwit Tellers, Garfinckel's, Dey's,
+Donaldson's, Herpolsheimer's, Heer's, Miller's, Miller and
+Rhoads, Pomeroy's, Catherine's, Plymouth Shops, and Jerry
+Leonard. The divisions provided 38.4 pct of Allied net sales
+and 11.8 pct of store profit in fiscal 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="868" NEWID="16333">
+<DATE>13-APR-1987 11:06:44.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM V
+&#22;&#22;&#1;f1294&#31;reute
+b f BC-/TEXACO-&lt;QTX>-NOT-REQ   04-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;QTX> NOT REQUIRED TO POST BOND</TITLE>
+<DATELINE>    HOUSTON, April 13 - </DATELINE><BODY>A Texas State Court of Appeal agreed
+that Texaco Inc's bankruptcy petition effectively stays the
+company's obligation under Texas law to post a bond in its
+10.53 billion dlr litigation against Pennzoil Co &lt;PZL>.
+    In a brief hearing before a three-judge appeals court,
+Texaco attorney James Sales said the company's motion to reduce
+the amount of bond required to appeal the case was moot because
+Texaco's Chapter 11 petition protects the company from all
+previously existing debts and obligations.
+    Lawyers for Pennzoil, which won the 10.53 billion dlr
+judgment in a struggle over Texaco's acquisition of Getty Oil
+Co, did not object.
+    Texaco lawyers said they planned to pursue the appeal in
+Texas courts and in Federal courts, if necessary.
+    The Texaco lawyers said the company would seek permission
+from the bankruptcy court in the Southern District of New York
+to pursue the Pennzoil litigation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="869" NEWID="16334">
+<DATE>13-APR-1987 11:08:07.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F
+&#22;&#22;&#1;f1306&#31;reute
+u f BC-CBT-MMI-STOCK-INDEX-F   04-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT MMI STOCK INDEX FUTURES TO EXPIRE THURSDAY</TITLE>
+<DATELINE>    Chicago, April 13 - </DATELINE><BODY>The Chicago Board of Trade's (CBT)
+April Major Market Index (MMI) stock index futures will expire
+1515 CDT Thursday instead of Friday because of the Good Friday
+holiday, the exchange said.
+    The Chicago Board Options Exchange said April options on
+the Standard and Poor's 100 and 500 stock indexes, currency
+options and about one-third of the listed individual equity
+options will expire at their normal time Saturday, April 18,
+although the last day of trading will be Thursday in those
+contracts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="870" NEWID="16335">
+<DATE>13-APR-1987 11:08:58.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1314&#31;reute
+u f BC-HUGHES'-U.S.-RIG-COUN   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES' U.S. RIG COUNT DOWN THREE THIS WEEK</TITLE>
+<DATELINE>    Houston, april 13 - </DATELINE><BODY>U.S. drilling activity slowed
+marginally in the week ended today as the number of active
+rotary rigs fell by three to 749 against 917 one year ago,
+Hughes Tool Co said.
+    The latest total included 662 working land rigs, 70
+offshore rigs and 17 in inland waters.
+    Among individual states, California dropped by three,
+Colorado by six , Wyoming by one, West Virginia by six.
+Drilling increases were reported in Kansas where five rigs were
+added, in Michigan three, in Louisiana one and Oklahoma 11. Rig
+counts were unchanged in New Mexico and Texas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="871" NEWID="16336">
+<DATE>13-APR-1987 11:09:07.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1315&#31;reute
+r f BC-ncr-continues-to   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NCR &lt;NCR> CONTINUES TO EXPECT EARNINGS GROWTH</TITLE>
+<DATELINE>    DAYTON, Ohio, April 13 - </DATELINE><BODY>NCR Corp, earlier reporting higher
+first quarter profit, said it continues to expect that it will
+report record earnings and revenue for all of 1987.
+    "Our optimism is based on our incoming order rates and the
+strength of our product lines," the company said.
+    NCR Corp plans additional new product announcements this
+year, it said without elaborating.
+    NCR earlier said first quarter profit increased to 61.5 mln
+dlrs or 65 cts share from 50.2 mln dlrs or 51 cts share in the
+prior year. NCR's 1986 full-year earnings rose to 336.5 mln
+dlrs from 315.2 mln dlrs in the prior year.
+    NCR said the increase in first quarter profit resulted from
+strong revenue growth, which was particularly strong in Europe
+and Pacific marketing groups.
+    Growth in U.S. revenues also improved, the company said.
+First quarter revenues increased to 1.12 billion dlrs from
+960.8 mln dlrs in the prior year.
+    NCR's U.S. dollar value of 1987 first quarter worldwide
+incoming orders posted a very substantial gain over the prior
+year first quarter, NCR also said without giving specific
+figures. Order growth was broad based across NCR's product
+lines, with the greatest growth coming from U.S., it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="872" NEWID="16337">
+<DATE>13-APR-1987 11:09:22.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1317&#31;reute
+r f BC-genetics-institute   04-13 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENETICS INSTITUTE INC &lt;GENI.O> 1ST QTR LOSS</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., April 13 -
+    </DATELINE><BODY>Period ended February 28
+    Shr loss 11 cts vs loss 11 cts
+    Net loss 1,309,000 vs loss 937,000
+    Revs 5,271,000 vs 4,417,000
+    Avg shrs 11,690,000 vs 8,724,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="873" NEWID="16338">
+<DATE>13-APR-1987 11:09:32.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1318&#31;reute
+u f BC-PRIME-COMPUTER-&lt;PRM>   04-13 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIME COMPUTER &lt;PRM> TO INTRODUCE NEW MACHINES</TITLE>
+<DATELINE>    NATICK, Mass., April 13 - </DATELINE><BODY>Prime Computer Inc said tomorrow
+it will introduce two new high-end superminicomputers.
+    The company said the machines will significantly expand the
+performance of its 50 Series product line.  It gave no further
+details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="874" NEWID="16339">
+<DATE>13-APR-1987 11:10:01.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1321&#31;reute
+r f BC-ENTRE-COMPUTER-&lt;ETRE.   04-13 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTRE COMPUTER &lt;ETRE.O> CLOSING OVERSEAS UNITS</TITLE>
+<DATELINE>    VIENNA, Va., April 13 - </DATELINE><BODY>Entre Computer Centers Inc said it
+is discontinuing its European and Australian operations.
+    The company today reported a loss for the second quarter
+ended February 28 of 2,733,000 dlrs, after a 6,705,000 dlr
+pretax provision for the shutdown of the overseas units and a
+2,511,000 dlr tax credit.  A year earlier it earned 911,000
+dlrs.
+    It said the overseas operations lost 400,000 dlrs in the
+second quarter and did not appear strong enough to provide for
+future growth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="875" NEWID="16340">
+<DATE>13-APR-1987 11:10:50.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1328&#31;reute
+u f BC-MOODY'S-MAY-DOWNGRADE   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE IRVING &lt;V> DEBT</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade 950 mln dlrs of debt of Irving Bank Corp and lead
+bank Irving Trust Co.
+    The rating agency said it will assess Irving's ability to
+substantially improve operating results in increasingly
+competitive markets. The review will also focus on Irving's
+shifting risk profile in light of its modest capital base.
+    Moody's cited the bank's significant exposure to less
+developed countries. Under review are the parent's Aa-3 senior
+debt, A-1 subordinated debt and Aa-3 preferred stock and Irving
+Trust's Aa-1 long-term desposits and letters of credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="876" NEWID="16341">
+<DATE>13-APR-1987 11:11:53.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1331&#31;reute
+u f BC-ITALY'S-BANCA-COMMERC   04-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S BANCA COMMERCIALE TO LAUNCH EUROLIRE BONDS</TITLE>
+<DATELINE>    Milan, April 13 - </DATELINE><BODY>State bank Banca Commerciale Italiana
+(BCI) said it is launching a 50 billion lire eurobond on behalf
+of Merrill Lynch &amp; Co. Due May 26, 1992 paying 10 pct and
+priced at 100 -1/2 pct.
+    BCI said in a statement that it is leading an international
+underwriting consortium of 25 banks and financial institutions.
+The bank said Merrill Lynch International and Co is co-lead
+manager.
+    The non-callable bond is available in denominations of two
+mln lire and will be listed in Luxembourg, BCI said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="877" NEWID="16342">
+<DATE>13-APR-1987 11:12:30.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1333&#31;reute
+r f BC-ENTRE-COMPUTER-CENTER   04-13 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTRE COMPUTER CENTERS INC &lt;ETRE> 2ND QTR LOSS</TITLE>
+<DATELINE>    VIENNA, Va., April 13 -
+    </DATELINE><BODY>Shr loss 29 cts vs profit 10 cts
+    Net loss 2,733,000 vs profit 911,000
+    Revs 21.5 mln vs 18.5 mln
+    1st half
+    Shr loss 23 cts vs profit 26 cts
+    Net loss 2,154,000 vs profit 2,445,000
+    Revs 37.8 mln vs 37.7 mln
+    NOTE: Current year net both periods includes 6,705,000 dlr
+pretax provision for closing overseas operations and tax
+credits 2,511,000 dlrs in quarter and 1,977,000 dlrs in half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="878" NEWID="16343">
+<DATE>13-APR-1987 11:13:04.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f1336&#31;reute
+u f BC-MERRILL-LYNCH-&lt;MER>-I   04-13 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH &lt;MER> INVESTMENT REVENUES UP</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Merrill Lynch and Co said investment
+banking revenues were strong in the first quarter, rising to
+257.4 mln dlrs from 152.9 mln in the first quarter 1986.
+    "We have made steady progress in a period of market
+activity which has been marked by unprecedented activity,"
+William Schreyer, chairman and cheif executive officer, and
+Daniel Tully, president and chief operating officer, said.
+    Earlier, the company reported first quarter net income of
+108.6 mln dlrs, or one dlr per share, up from 86.8 mln dlrs, or
+85 cts per share, in 1986's first quarter.
+    Merrill Lynch said its insurance revenues made the biggest
+gains in the first quarter, rising to 242.3 mln dlrs in the
+this first quarter, from 68.3 mln dlrs in last year's first
+quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="879" NEWID="16344">
+<DATE>13-APR-1987 11:13:37.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1340&#31;reute
+d f BC-DSC-COMMUNICATIONS-&lt;D   04-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DSC COMMUNICATIONS &lt;DISI.O> AMENDS SUPPLY PACT</TITLE>
+<DATELINE>    DALLAS, April 13 - </DATELINE><BODY>DSC Communications Corp said it amended
+an existing long term supply contract with MCI Communications
+Corp &lt;MCIC> for deliveries of a new tandem switch.
+    Deliveries of the switch, the DEX 600E, are scheduled to
+begin in third quarter of 1988 and end by year-end 1989, the
+telecommunications systems company said.
+    The new switch increases the port capacity of DSC's
+existing 600 switches, it said.
+    Under the amended agreement, DSC will also deliver signal
+point transfer products to MCI.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="880" NEWID="16345">
+<DATE>13-APR-1987 11:13:44.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1341&#31;reute
+d f BC-woodward-and-lothrop   04-13 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOODWARD AND LOTHROP PRESIDENT RESIGNS</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Woodward and Lothrop Inc said
+president David Mullen resigned, and will be replaced by Tom
+Roach effective April 20, 1987.
+    Woodward and Lothrop, a privately held retailer, said
+Mullen has stated his desire to pursure other business
+interests.
+    Roach joined J.W. Robinson Inc of Los Angeles as chairman
+in March, 1986, resigning shortly after parent company
+Associated Dry Goods was acquired by May Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="881" NEWID="16346">
+<DATE>13-APR-1987 11:13:51.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1342&#31;reute
+d f BC-STANDARD-MICROSYSTEMS   04-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD MICROSYSTEMS CORP &lt;SMSC.O> 4TH QTR NET</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., April 13 - </DATELINE><BODY>Feb 28 end
+    Shr profit four cts vs loss nil
+    Net profit 448,000 vs loss 28,000
+    Revs 15.1 mln vs 11.5 mln
+    Avg shrs 11.2 mln vs 11.1 mln
+    Year
+    Shr profit four cts vs profit nil
+    Net profit 459,000 vs profit 51,000
+    Revs 53.2 mln vs 44.5 mln
+    Avg shrs 11.2 mln vs 11.1 mln
+    NOTE: Net includes tax credits of 53,000 dlrs vs 1,023,000
+dlrs in quarter and 48,000 dlrs vs 2,557,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="882" NEWID="16347">
+<DATE>13-APR-1987 11:14:04.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1344&#31;reute
+d f BC-PENNSYLVANIA-REAL-EST   04-13 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNSYLVANIA REAL ESTATE INVESTMENT TRUST &lt;PEI></TITLE>
+<DATELINE>    WYNCOTE, Pa., April 13 -
+    </DATELINE><BODY>Oper shr 39 cts vs 47 cts
+    Oper net 2,104,462 vs 2,452,420
+    Revs 4,675,904 vs 4,744,248
+    Avg shrs 5,427,561 vs 5,139,415
+    1st half
+    Oper shr 82 cts vs 93 cts
+    Oper net 4,418,718 vs 4,609,613
+    Revs 9,346,483 vs 9,338,590
+    Avg shrs 5,427,486 vs 4,943,966
+    NOTE: Current year net excludes gains on sale of real
+estate of 470,778 dlrs in quarter and 1,533,273 dlrs in half.
+    Period ended February 28.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="883" NEWID="16348">
+<DATE>13-APR-1987 11:14:13.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1346&#31;reute
+d f BC-ALLWASTE-INC-&lt;ALWS.O>   04-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLWASTE INC &lt;ALWS.O> 2ND QTR FEB 28</TITLE>
+<DATELINE>    HOUSTON, APril 13 -
+    </DATELINE><BODY>Shr profit four cts vs loss one cts
+    Net profit 172,000 vs loss 180,000
+    Revs 4.2 mln vs 883,000
+    Six months
+    Shr profit nine cts vs loss four cts
+    Net profit 315,000 vs loss 107,000
+    Revs 7.4 mln vs 1.8 mln
+    Avg shrs 4.4 mln vs 2.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="884" NEWID="16349">
+<DATE>13-APR-1987 11:14:21.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1347&#31;reute
+d f BC-COMBUSTION-ENGINEERIN   04-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMBUSTION ENGINEERING &lt;CSP> IN SYSTEMS PACT</TITLE>
+<DATELINE>    STAMFORD, Conn., April 13 - </DATELINE><BODY>Combustion Engineering Inc said
+its C-E Environmental Systems and Services Inc unit agreed to
+work with Keeler/Dorr-Oliver, a unit of Standard Oil Co &lt;SRD>,
+to develop systems to destroy hazardous wastes.
+    Under the teaming arrangement, Keeler/Dorr-Oliver will
+supply fluid bed technology, equipment and services. C-E
+Environmental will provide environmental consulting and site
+investigations, engineering and construction services and
+operation, maintenance and training services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="885" NEWID="16350">
+<DATE>13-APR-1987 11:14:25.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1348&#31;reute
+d f BC-SCOTT-AND-STRINGFELLO   04-13 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT AND STRINGFELLOW &lt;SCOT.O> 3RD QTR MAR 31</TITLE>
+<DATELINE>    RICHMOND, Va., April 13 -
+    </DATELINE><BODY>Shr 37 cts vs 37 cts
+    Net 687,888 vs 441,659
+    Revs 7.9 mln vs 6.8 mln
+    Nine months
+    Shr 1.12 dlrs vs 1.07 dlrs
+    Net 1.8 mln vs 1.3 mln
+    Revs 23.2 mln vs 19.7 mln
+    Avg shrs 1.6 mln vs 1.2 mln
+    NOTE:Full name is Scott and Stringfellow Financial Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="886" NEWID="16351">
+<DATE>13-APR-1987 11:15:00.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1349&#31;reute
+u f BC-GENERAL-NUTRITION-&lt;GN   04-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL NUTRITION &lt;GNC> SHARES TO BE SOLD</TITLE>
+<DATELINE>    PITTSBURGH, April 13 - </DATELINE><BODY>General Nutrition Inc said it has
+filed for a secondary offering of eight mln common shares.
+    It said all the shares are being sold by the estate of
+founder David B. Shakarian.  Lead underwriter will be Kidder,
+Peabody and Co Inc.
+    General Nutrition has about 33.0 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="887" NEWID="16352">
+<DATE>13-APR-1987 11:15:47.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1352&#31;reute
+b f BC-WALL-STREET-STOCKS/TE   04-13 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/TEXACO &lt;QTX>, PENNZOIL &lt;PZL></TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Texaco Inc's decision to file for
+protection under the bankruptcy code had a chilling effect on
+its stock, and sent Pennzoil Co's shares sharply lower as well,
+traders said.
+    Texaco dropped 3-1/2 to 28-3/8 and Pennzoil fell 12-7/8 to
+79-3/8.
+    "A lot of people had bid up Pennzoil, expecting a
+settlement of two to five billion dlrs in this case," energy
+analyst Rosario Ilacqua of L.F. Rothschild said, "and now
+nobody knows where this is going to settle out."
+    "It seems to me that the hope of an out of court settlement
+in this long running court case had a greater relative impact
+on Pennzoil's stock then on Texaco's," analyst Sanford
+Margoshes of Shearson Lehman Brothers said, citing the sharper
+decline in Pennzoil this morning.
+    The litigation arose when Pennzoil sued Texaco for
+interfering in its 1984 agreement to acquire Getty Oil. In
+1985, a Texas state court ruled in favor of Pennzoil and
+ordered Texaco to pay 10.53 billion dlrs in damages.
+    Citing the burden of the court case and a Supreme Court
+ruling last week in favor of Pennzoil concerning the amount
+Texaco must put up as a bond while appealing the case, Texaco
+filed for the Chapter 11 protection on Sunday.
+    "That decision puts Pennzoil in the unsecured creditor
+catagory and that means they have lost their preferred
+position, which is causing the most damage to the stock today,"
+Margoshes said. "They will only be able to collect payment
+after secured creditors have collected," he said.
+    "From the standpoint of the attractiveness of Texaco's
+stock," Margoshes said, "I have turned quite bullish."
+    "I think there is an overreaction in the downside of the
+(Texaco) stock today, with some investors believing that Texaco
+cannot effectively conduct its business. But only Texaco Inc
+and two subsidiaries are under protection, and there is no
+indication that they will not be able to proceed adequately,"
+Margoshes said. In addition, he noted, "there are insitutions
+that just cannot legally--according to their own
+regulations--hold a stock that is in bankruptcy. That caused
+much of the selling at the opening," he said.
+    L.F. Rothschild's Ilacqua said "you have to wonder if an
+interim settlement can be reached between the two or if this
+thing is going to go the full legal route, and that is what
+investment decisions hinge on."
+    He said "if this whole thing settles with Texaco owing a
+lot less than the 10 billion dlrs, speculating in Texaco stock
+could be quite interesting." He expects the stock to trade 25
+dlr to 30 dlr a share range for as long as it takes for a
+decision to made in the case.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="888" NEWID="16353">
+<DATE>13-APR-1987 11:16:14.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1354&#31;reute
+b f BC-JOHN-MOWLEM-ARRANGES   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHN MOWLEM ARRANGES 50 MLN STERLING CP PROGRAM</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>John Mowlem Plc, the U.K. Building and
+construction company, has arranged a 50 mln stg commercial
+paper program, with an option to issue notes in U.S. Dollars,
+Mowlem treasurer Philip Ridal said.
+    He said the company hopes to make the first drawings in May
+to take advantage of lower borrowing costs and the greater
+flexibility afforded by this program. It also should increase
+the company's arbitrage opportunities, he added.
+    The program was arranged by Kleinwort Benson Ltd, which
+will act as a dealer along with Morgan Grenfell and Co Ltd and
+Swiss Bank Corp International Ltd.
+    The sterling notes will be sold in denominations of one mln
+and 500,000 stg and will have maturities of seven to 364 days.
+    Ridal said the new program will complement a note issuance
+facility the company arranged last year and also increase the
+investor base.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="889" NEWID="16354">
+<DATE>13-APR-1987 11:16:42.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1357&#31;reute
+r f BC-FOSTER-&lt;FWC>-UNIT-AUD   04-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOSTER &lt;FWC> UNIT AUDIT REVEALS DISCREPANCIES</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Foster Wheeler Corp &lt;FWC> said an
+audit of its Stearns Airport Equiment Co Inc unit, revealed
+"substantial discrepancies" in Stearns accounts that may
+require material adjustments to previously announce
+consolidated results of the company and its subsidiaries.
+    Foster said certain Stearn officers and senior management
+made Stearn's operations appear more profitable than they were
+by improperly recording job costs. It said Stearn's president
+and controller had resigned. A Foster spokesman said he did not
+know the names of the president and controller, and could not
+immediately comment on the release.
+    Foster said the amount involved in the "discrepancy" is
+about 13.7 mln dlrs before taxes or about 8.2 mln dlrs net
+after tax due to an "improper recording of job costs over a
+period of several years and continuing through part of the
+first quarter of 1987."
+    Stearns is a unit of Foster's Conergic Corp subsidiary.
+The company said the impact on its results for 1987 was not
+"likely to be significant" but the amount to be charged to
+prior periods had not been determined.
+    Foster reported after tax earnings of 28 mln dlrs, 26 mln
+dlrs and 35.4 mln dlrs for 1986, 1985, and 1984, respectively.
+    Stearns, based in Crowley, Texas, makes airport baggage
+conveyor equipment and passenger loading bridges.
+    Foster, a diversified international concern with 27
+subsidiaries operating worldwide, is based in Livingston, New
+Jersey. Its reported revenues for the period ended December 26,
+1986 of 1.3 billion dlrs.
+    The company said a detailed audit and investigation is
+continuing. A company spokesman declined to comment further on
+the investigation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="890" NEWID="16355">
+<DATE>13-APR-1987 11:17:03.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1359&#31;reute
+r f BC-THE-HAGUE-LAUNCHES-SE   04-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE HAGUE LAUNCHES SECOND TRANCHE OF CP PROGRAM</TITLE>
+<DATELINE>    AMSTERDAM, April 13 - </DATELINE><BODY>Bank Mees en Hope NV, a fully-owned
+subsidiary of Algemene Bank Nederland NV, said it launched the
+second tranche of a 100 mln guilders commercial paper program
+for the city of The Hague.
+    Mees en Hope declined to comment on the size of the second
+tranche but said the first tranche, ended March 10, was for 50
+mln guilders.
+    The second tranche is for the period April 14 to July 14.
+Denominations are one mln guilders and the issue price, on a
+discount to yield basis, is to be set tomorrow at 1000 hours
+local.
+    Clearing and delivery of the program will be via the short
+term paper clearing institute of the Dutch Central Bank.
+    The Hague was the first Dutch city to start a commercial
+paper program, allowed on the Dutch capital markets since
+January 1986.
+    Rotterdam and Amsterdam have since followed with programs
+of 400 mln and 300 mln guilders respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="891" NEWID="16356">
+<DATE>13-APR-1987 11:17:26.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1363&#31;reute
+u f BC-HUGHES'-CANADA-RIG-CO   04-13 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES' CANADA RIG COUNT DOWN 19 THIS WEEK</TITLE>
+<DATELINE>    Houston, April 13 - </DATELINE><BODY>Drilling activity slowed down
+substantially in Canada. The number of active rotary rigs fell
+by 19 in the week ended today, Hughes Tool Co reported.
+    A total of 66 rigs were working during the week, compared
+with 71 one year ago, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="892" NEWID="16357">
+<DATE>13-APR-1987 11:18:05.22</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1366&#31;reute
+h f BC-TAIWAN-ANNOUNCES-NEW   04-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ANNOUNCES NEW ROUND OF IMPORT TARIFF CUTS</TITLE>
+<DATELINE>    TAIPEI, April 11 - </DATELINE><BODY>Taiwan announced plans for another round
+of import tariff cuts on 862 foreign goods shortly before trade
+talks with Washington which officials described as a move to
+help balance trade with the United States.
+    Wang Der-Hwa, Deputy Director of the Finance Ministry's
+Customs Administration Department, told reporters the list of
+products included 60 items asked by Washington.
+    "The move is part of our government efforts to encourage
+imports from our trading partners, particularly from the United
+States," he said.
+    He said the ministry sent a proposal today to the cabinet
+that the tariffs on such products as cosmetics, bicycles,
+apples, radios, garments, soybeans and television sets be cut
+by between five and 50 pct.
+    The cabinet was expected to give its approval next Thursday
+and the new tariff cuts would be implemented possibly starting
+on April 20, he added.
+    Taiwan introduced a sweeping tariff cut on some 1,700
+foreign products last January aimed at helping reduce its
+growing trade surplus with the United States, the island's
+largest trading partner.
+    Washington however was not satisfied with the cuts and
+pressed for more reductions as a way of cutting its huge trade
+deficit with Taipei.
+    Washington's deficit with Taipei rose to a record 13.6
+billion U.S. Dlrs last year from 10.2 billion in 1985. It
+widened to 3.61 billion in the first quarter of 1987 from 2.78
+billion a year earlier, Taiwan's official figures show.
+    Today's announcement came before a departure later today of
+a 15-member Taiwan delegation for Washington for a series of
+trade talks with U.S. Officials.
+    The delegation's leader, Vincent Siew, told reporters last
+night he was leaving with "a heavy heart," meaning that he would
+face tough talks in Washington because of rising protectionist
+sentiments in the U.S. Congress. Taiwan's 1986 trade surplus
+with Washington was the third largest, after Japan and Canada.
+    Siew said the talks, starting on April 14, would cover U.S.
+Calls for Taiwan to open its market to American products,
+purchases of major U.S. Machinery and power plant equipment,
+import tariff cuts and protection of intellectual property.
+    "I am afraid this time we have to give more than take from
+our talks with the U.S.," he said without elaborating.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1039" NEWID="16358">
+<DATE>13-APR-1987 11:18:16.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1367&#31;reute
+u f BC-U.S.-JUNK-BONDS-UNAFF   04-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. JUNK BONDS UNAFFECTED BY TEXACO &lt;TX> FILING</TITLE>
+<AUTHOR>    By John Picinich, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Despite a sharp early fall in Texaco
+Inc bonds, the 125 billion dlr U.S. junk bond market was
+largely unaffected by Texaco's weekend filing for protection
+under Chapter 11 of the Bankruptcy Code, analysts said.
+    "Texaco's filing had little, if any, effect on junk bond
+prices this morning. It should not spill over to the overall
+market like LTV Corp's &lt;LTV> bankruptcy filing did last
+summer," said one analyst.
+    Traders said some Texaco debt issues fell over 30 points
+this morning in thin trading, but recouped about half that.
+    "Because of the Texaco filing, some investors bid down its
+paper to the mid-60 area (around 650 dlrs per 1,000 dlr face
+value) from around 95 Friday," said a dealer in high-yield, low
+rated bonds.
+    "But sellers could not be found at those levels and the
+bids soon rebounded to the 75 to 85 area," he added, referring
+to such issues as Texaco's 13 pct notes of 1991, the 13-1/4s of
+1999 and 13-5/8s of 1994. All were in the mid-90s Friday.
+    The rebound occurred after Standard and Poor's Corp
+downgraded the debt ratings of 8.4 billion dlrs of debt of
+Texaco and its subsidiaries to D, traders noted.
+    S and P cited the weekend bankruptcy filing. The agency
+said it uses the D grade for securities issued by companies in
+Chapter 11 reorganization.
+    Moody's Investors Service Inc followed suit, cutting most
+of the debt of Texaco and its units to Caa.
+    The junk bond market experienced a short-lived downturn
+last summer when LTV's bankruptcy filing sparked worries that
+credit conditions of other steel companies would also worsen.
+    "This is clearly not the case with Texaco," said one
+trader. Because of their high yields, junk bonds have lately
+outperformed investment grade corporates, he and others said.
+    Analysts and portfolio managers said they viewed Texaco's
+bankruptcy filing as a defensive move.
+    Indeed, a Texas State Court of Appeal this morning said the
+bankruptcy petition effectively stays Texaco's obligation under
+Texas law to post a bond in its 10.53 billion dlr litigation
+against Pennzoil Co &lt;PZL>.
+    "The filing was not the result of credit weakness. The
+company got through the oil crisis alright," said one portfolio
+manager.
+    Others who run junk bond portfolios agreed with that
+assessment and said they would still buy high-yield issues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="893" NEWID="16359">
+<DATE>13-APR-1987 11:19:05.84</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>bulgaria</D><D>romania</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f1372&#31;reute
+u f BC-BULGARIA,-ROMANIA-GRA   04-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BULGARIA, ROMANIA GRAIN CROP SEEN LESS FAVORABLE</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Current prospects for this year's
+grain crop in Bulgaria and Romania appear less favorable than
+in 1986, the U.S. Agriculture Department's officer in Belgrade
+said in a field report.
+    The report said the assessment was based on travel in the
+two countries from March 30 to April 4.
+    It said crop conditions were better than earlier expected
+following the extreme dry conditions last fall and the
+prolonged winter temperatures this spring.
+    However, in general plant development was at least three
+weeks or more behind normal this spring, and conditions varied
+greatly by regions, the report said.
+    Fields seeded during the optimum period last fall, and
+especially those receiving supplemental irrigation water (about
+65 pct of the fields observed), appeared to be in good
+condition, with little evidence of winterkill, while others
+varied considerably, the report said.
+    Fields lacking adequate moisture last fall showed weak and
+uneven stands. Spotty germination and winterkill in those
+fields averaged 10 to 30 pct, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="894" NEWID="16360">
+<DATE>13-APR-1987 11:19:46.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1377&#31;reute
+d f BC-ELCOR-CORP-&lt;ELK>-3RD   04-13 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELCOR CORP &lt;ELK> 3RD QTR MARCH 31</TITLE>
+<DATELINE>    MIDLAND, Texas, April 13 -
+    </DATELINE><BODY>Shr 21 cts vs eight cts
+    Net 1.5 mln vs 536,000
+    Revs 26.6 mln vs 17.7 mln
+    Nine months
+    Shr 1.11 dlrs vs 43 cts
+    Net 7.8 mln vs 3.0 mln
+    Revs 86.9 mln vs 82.9 mln
+    NOTE:Shares adjusted for 2-for-1 stock split payable May
+28, 1987 to holders of record May 14, 1987.
+    1987 3rd qtr and nine months includes tax loss carryforward
+gain of 695,000 dlrs and 3.6 mln dlrs, respectively.
+    1986 3rd qtr nine months includes tax loss carryforward
+gains of 260,000 dlrs and 1.4 mln dlrs, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="895" NEWID="16361">
+<DATE>13-APR-1987 11:19:54.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1378&#31;reute
+u f BC-CAPITAL-MARKET-BORROW   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPITAL MARKET BORROWING FALLS IN MARCH, OECD SAYS</TITLE>
+<DATELINE>    PARIS, April 13 - </DATELINE><BODY>Borrowing on the international capital
+markets contracted significantly in March with 23.1 billion
+dlrs of medium and long-term funds raised, down 3.4 billion
+from February and about nine billion dlrs less than in March
+1986, the Organisation for Economic Cooperation and Development
+said in its latest monthly report.
+    Borrowing on external bond markets totalled 19.7 billion
+dlrs, some 1.1 billion below the February figure.
+    The market for floating rate notes saw further setbacks and
+the volume of new offerings fell to only 800 mln dlrs from 1.4
+billion in February.
+    For the first quarter as a whole, the OECD said, funds
+raised on the floating rate bond market totalled three billion
+dlrs, the lowest figure since the third quarter of 1982.
+    Activity on the straight bond market was also less buoyant
+than in previous months while equity-related offerings
+continued to benefit from the good performance of major stock
+markets.
+    Exchange rate uncertainties continued to have a major
+impact on the currency composition of new bonds. Dollar issues
+totalled 6.8 billion dlrs, accounting for only 35 pct of total
+offerings, but borrowing was particularly heavy on the euroyen
+market (3.3 billion dlrs) and in sterling (2.8 billion dlrs).
+    Offerings of mark bonds declined to 1.3 billion dlrs from
+around three billion dlrs in the two previous months, whilst
+strong advances were recorded in the euro-Australian and
+euro-Canadian dollar sectors, where new offerings exceeded one
+billion dlrs, the OECD said.
+    In the syndicated credit market, the volume of new loans
+fell to 2.4 billion dlrs in March from 4.2 billion in February.
+Similarly, activity on the market for note issuance and other
+back-up facilities fell to one billion dlrs from 1.5 billion.
+    In March, OECD borrowers accounted for over 90 pct of total
+borrowing. Japan was the largest fund-raiser with 4.5 billion
+dlrs, followed by the U.S. With 3.9 billion and Britain with
+2.4 billion dlrs.
+    France, West Germany and Norway raised funds of over one
+billion dlrs each.
+    Borrowing by developing countries totalled one billion
+dlrs, about the same amount as in February. But borrowing by
+east European countries fell to 300 mln dlrs from 600 mln in
+February, the OECD added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="896" NEWID="16362">
+<DATE>13-APR-1987 11:19:58.81</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1379&#31;reute
+u f BC-SAUDI-ARABIA-BUYS-RBD   04-13 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA BUYS RBD PALM OLEIN</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Saudi Arabia bought 4,000 tonnes of
+Malaysian refined bleached deodorised palm olein for June 1/10
+shipment at around 356 dlrs per tonne cost and freight Jeddah,
+traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="897" NEWID="16363">
+<DATE>13-APR-1987 11:20:25.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1381&#31;reute
+r f BC-abbington-savings   04-13 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABINGTON SAVINGS BANK &lt;ABBK.O> 1ST QTR NET</TITLE>
+<DATELINE>    ABBINGTON, Mass, April 13 -
+    </DATELINE><BODY>Shr 27 cts vs not given
+    Net 617,000 vs 550,000
+    Loans 92.8 mln vs 84.7 mln
+    Deposits 121.9 mln vs 119.4 mln
+    Assets 155.4 mln vs 152.4 mln
+    Note: prior share not given due to June 18, 1986 conversion
+to stock ownserhip
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="898" NEWID="16364">
+<DATE>13-APR-1987 11:21:40.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1387&#31;reute
+u f BC-greatlakes   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT LAKES &lt;GL.TO> IN 390 MLN DLR EXPANSION</TITLE>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>Great Lakes Forest Products Ltd said it
+plans a 390 mln dlr modernization and expansion of its fine
+paper and newsprint operations in northwestern Ontario over the
+next five years.
+    It will install a 175 mln dlr fine paper machine at Dryden
+and a 215 mln dlr newsprint machine at Thunder Bay to replace
+two aging machines. The Dryden machine will have capacity to
+produce 175,000 metric tons of fine papers annually when it
+starts up in the 1989 third quarter, while the Thunder Bay
+machine will have design capacity of 240,000 metric tons
+annually and is expected to be in operation by early 1991.
+    Great Lakes said it expects to pay for the program mainly
+with internally generated cash flow, but external financing
+will be available to support peak spending periods.
+    It said the expansion's effect on company employment levels
+will be minimal.
+    Great Lakes said a decision on a joint venture with five
+publisher-partners to construct a newsprint mill in
+northeastern Washington State should be coming from the
+partners in the near future. Great Lakes' capital investment in
+this project would be about 60 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="899" NEWID="16365">
+<DATE>13-APR-1987 11:23:12.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1396&#31;reute
+r f BC-BANKING-CENTER-&lt;TBCX>   04-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKING CENTER &lt;TBCX> 1ST QTR NET</TITLE>
+<DATELINE>    WATERBURY, Conn., April 13 -
+    </DATELINE><BODY>Shr 29 cts vs not given
+    Net 3,508,000 vs 2,483,000
+    NOTE: Company went public in August 1986.
+    1986 figures restated.
+    Net includes loan loss provision 550,000 dlrs vs 203,000
+dlrs, gain on sale of securities of 309,000 dlrs vs 638,000
+dlrs and gain on sale of loans 403,000 dlrs vs 553,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="900" NEWID="16366">
+<DATE>13-APR-1987 11:27:56.34</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>ussr</D><D>kuwait</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1415&#31;reute
+u f BC-SOVIET-TANKERS-SET-TO   04-13 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET TANKERS SET TO CARRY KUWAITI OIL</TITLE>
+<DATELINE>    KUWAIT, April 13 - </DATELINE><BODY>Kuwait has agreed to charter tankers
+from the Soviet Union in a move to protect its oil exports
+through the Mideast Gulf, diplomatic sources said.
+    They said the agreement followed months of talks with the
+Soviet Union and the U.S. On ways to secure its oil exports
+after Iran started to attack Kuwaiti-connected vessels in
+retaliation for Kuwait's backing for Iran's war enemy Iraq.
+    Diplomats said they expect three Soviet tankers initially
+to reinforce other flags already supporting Kuwait's 22-tanker
+fleet.
+    The diplomats said they knew of no deal for Moscow to
+provide a naval escort for its own vessels, but "the idea of
+protection is implicit," one said.
+    They said Soviet cargo ships bound for Kuwait in the past
+to unload arms and materiel for road delivery to Iraq were
+known to have sailed under escort. So far, none of the Soviet
+ships are known to have been attacked by Iran. Diplomats said
+they expected the chartered Soviet tankers to sail between
+Kuwait and Khor Fakkan on the United Arab Emirates (UAE) coast
+a short way outside the Strait of Hormuz at the mouth of the
+Gulf.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="901" NEWID="16367">
+<DATE>13-APR-1987 11:34:27.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f1453&#31;reute
+r f BC-CHEMICAL-&lt;CHL>-NET-HU   04-13 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMICAL &lt;CHL> NET HURT BY BRAZIL, EXPENSES</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Chemical New York Corp said its
+first-quarter profits fell by 16 pct, largely because it placed
+1.04 billion dlrs of loans to Brazil on non-accrual.
+    Chemical reported first-quarter net income of 86.2 mln
+dlrs, down from 102.6 mln a year earlier, but declaring the
+Brazilian loans non-performing cost Chemical 21 mln dlrs in
+lost interest income, or 12 mln dlrs after-tax.
+    A 13.3 pct jump in non-interest expense to 471.3 mln dlrs
+from 415.9 mln also hit the bottom line. It said the rise was
+mainly due to staff costs associated with continued growth in
+consumer, capital markets and investment banking activities.
+    Excluding the effect of placing Brazil on non-accrual,
+Chemical said its net income would have been 98.2 mln dlrs, or
+4.3 pct below 1986 earnings.
+    Brazil suspended interest payments on 68 billion dlrs of
+medium- and long-term debt on February 20. If they are not
+resumed by year's end, Chemical said its after-tax net for the
+whole of 1987 will be reduced by about 51 mln dlrs.
+    Chemical also placed 52 mln dlrs of loans to Ecuador on
+non-accrual because the Quito government also suspended
+interest payments on its foreign debt. This reduced interest
+income by 1.5 mln dlrs.
+    Chemical said net interest income fell to 476.4 mln dlrs
+from 488.9 mln and its net spread narrowed to 3.61 pct from
+3.96 pct.
+    This reflected the reclassification of Brazilian loans, a
+reduced federal income tax rate (which affected the calculation
+of the taxabale-equivalent adjustment on tax-exempt assets) and
+a narrowing of the spread between the prime rate and Chemical's
+cost of funds.
+    Foreign exchange trading profits rose to 37.9 mln dlrs from
+27.0 mln, but bond trading profits dropped to 21.9 mln dlrs
+from 26.2 mln.
+    Fees from trust and other banking services rose to 146.5
+mln dlrs from 129.3 mln a year earlier, Chemical said.
+    The provision for loan losses was 87.2 mln dlrs, compared
+with 83.8 mln. Net loan charge-offs were 86.5 mln, up from 60.7
+mln, leaving the allowance for loan losses at 672.6 mln dlrs at
+quarter's end, or 1.74 pct of loans outstanding, compared with
+594.3 mln, or 1.50 pct, a year earlier.
+    Non-accruing loans at the end of March were 2.39 billion
+dlrs (1.35 billion excluding Brazil), compared with 1.35
+billion at the end of 1986 and 1.22 billion at the end of
+March, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="902" NEWID="16368">
+<DATE>13-APR-1987 11:34:35.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1454&#31;reute
+w f BC-CAPITAL-MARKET-BORROW   04-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPITAL MARKET BORROWING FALLS IN MARCH, OECD SAYS</TITLE>
+<DATELINE>    PARIS, April 13 - </DATELINE><BODY>Borrowing on the international capital
+markets contracted significantly in March with 23.1 billion
+dlrs of medium and long-term funds raised, down 3.4 billion
+from February and about nine billion dlrs less than in March
+1986, the Organisation for Economic Cooperation and Development
+said in its latest monthly report.
+    Borrowing on external bond markets totalled 19.7 billion
+dlrs, some 1.1 billion below the February figure.
+    The market for floating rate notes saw further setbacks and
+the volume of new offerings fell to only 800 mln dlrs from 1.4
+billion in February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="903" NEWID="16369">
+<DATE>13-APR-1987 11:36:44.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1461&#31;reute
+r f BC-genetics-institute   04-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENETICS &lt;GENI.O> SEES HIGHER 87 LOSSES</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., April 13 - </DATELINE><BODY>Genetics Institute Inc,
+earlier reporting an increased first quarter net loss, said it
+expects to incur losses in fiscal 1987 "that are somewhat higher
+than those reported in fiscal 1986."
+    It had a loss of 4,504,000 dlrs for fiscal 1986 ended
+November 30, compared to a fiscal 1985 loss of 1,732,00 dlrs.
+    The company said the losses result from its strategic
+decision to invest prudent levels of equity in development of
+products the company can manufacture and bring to market.
+    Genetics earlier said first quarter ended February 28
+losses rose to 1,309,000 dlrs from year-ago loss of 937,000
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="904" NEWID="16370">
+<DATE>13-APR-1987 11:36:57.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1462&#31;reute
+r f BC-INVESTOR-BOOSTS-TRANS   04-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR BOOSTS TRANS-LUX &lt;TLX> STAKE</TITLE>
+<DATELINE>    MIAMI, April 13 - </DATELINE><BODY>Investor Albert Kahn said in a statement
+that a group he heads increased its stake in Trans-Lux Corp to
+8.9 pct from 8.1 pct on a fully diluted basis.
+    Kahn said he indicated in a filing with the Securities and
+Exchange Commission that his group bought an additional 7,300
+Trans-Lux common shares and 100,000 dlrs of nine pct
+convertible subordinated debentures due 2005, convertible into
+an additional 6,803 shares.
+    Kahn said he is considering seeking representation on the
+Trans-Lux board and starting a proxy contest in connection with
+the upcoming annual meeting.
+    Kahn also said he is seeking an examination of the
+Trans-Lux shareholder list and corporate books and records
+under Delaware law.
+    Trans-Lux is a Connecticut concern that leases teleprinters
+and display units in brokerage offices, airports and other
+public places.
+    Kahn is a Miami insurance executive and investor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="905" NEWID="16371">
+<DATE>13-APR-1987 11:38:24.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1470&#31;reute
+r f BC-solitron-devices-inc   04-13 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOLITRON DEVICES INC &lt;SOD> 4TH QTR NET</TITLE>
+<DATELINE>    RIVIERA BEACH, Fla., April 13 -
+    </DATELINE><BODY>Period ended February 28
+    Shr 40 cts vs 15 cts
+    Net 1,747,000 vs 775,000
+    Revs 13.2 mln vs 13.3 mln
+    Avg shrs 4,321,376 vs 5,148,318
+    Year
+    Shr 67 cts vs 67 cts
+    Net 3,300,000 vs 3,299,000
+    Revs 49.5 mln vs 50.2 mln
+    Avg shrs 4,895,788 vs 4,951,177
+    Note: 1986 year after 819,000 dlr tax provision and 660,000
+dlr tax credit
+    1985 year after 559,000 dlr credit for anticipated income
+tax settlement for 1970 and 331,000 dlr tax provision
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="906" NEWID="16372">
+<DATE>13-APR-1987 11:38:28.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1471&#31;reute
+f f BC-******U.S.-TRUST-CORP   04-13 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TRUST CORP FIRST QTR SHR 88 CTS VS 83 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="907" NEWID="16373">
+<DATE>13-APR-1987 11:38:41.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1473&#31;reute
+r f BC-NATIONAL-COMPUTER-&lt;NL   04-13 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL COMPUTER &lt;NLCS.O> TO BUY SHARES</TITLE>
+<DATELINE>    MINNEAPOLIS, April 13 - </DATELINE><BODY>National Computer Systems Inc said
+its board authorized the company to repurchase up to 2.0 mln
+shares of its common stock in the open market.
+    The company currently has about 19 mln shares outstanding.
+    It said the shares will be retained for use in the employee
+stock purchase plan, stock option plans and for general
+corporate use.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="908" NEWID="16374">
+<DATE>13-APR-1987 11:39:16.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1478&#31;reute
+r f BC-PEOPLES-HERITAGE-BANK   04-13 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEOPLES HERITAGE BANK &lt;PHBK> 1ST QTR NET</TITLE>
+<DATELINE>    PORTLAND, Maine, April 11 -
+    </DATELINE><BODY>Shr 51 cts vs not given
+    Net 4,661,000 vs 2,499,000
+    NOTE: Net includes securities gains of 663,000 dlrs vs
+1,173,000 dlrs.
+    Company went public in December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="909" NEWID="16375">
+<DATE>13-APR-1987 11:39:33.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1480&#31;reute
+r f BC-AMERITECH-&lt;AIT>-MICHI   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERITECH &lt;AIT> MICHIGAN UNIT TO LOWER RATES</TITLE>
+<DATELINE>    LANSING, MICH., April 13 - </DATELINE><BODY>The Michigan Attorney General
+said it reached a settlement with Michigan Bell Telephone Co, a
+subsidiary of American Information Technologies Corp, which
+will reduce rates, resulting in 79.6 mln dlrs lower revenues to
+Michigan Bell.
+    The settlement reflects Michigan Bell's reduced federal
+income taxes resulting from tax reform legislation, and will be
+submitted for approval to the Public Service Commission, the
+Attorney General's office said.
+    The lower rates are expected to become effective July one,
+when Michigan Bell's tax rate falls to 34 pct from 46 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="910" NEWID="16376">
+<DATE>13-APR-1987 11:39:37.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1481&#31;reute
+r f BC-stuart-hall-co-inc   04-13 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STUART HALL CO INC &lt;STUH.O> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    KANSAS CITY, April 13 -
+    </DATELINE><BODY>Shr 11 cts vs 12 cts
+    Net 301,820 vs 248,419
+    Revs 12.1 mln vs 10.2 mln
+    Avg shrs 2,855,966 vs 2,033,881
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="911" NEWID="16377">
+<DATE>13-APR-1987 11:39:42.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1482&#31;reute
+r f BC-CLAYTON-HOMES-INC-&lt;CM   04-13 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLAYTON HOMES INC &lt;CMH> 3RD QTR MARCH 31 NET</TITLE>
+<DATELINE>    KNOXVILLE, Tenn., April 13 -
+    </DATELINE><BODY>Shr 21 cts vs 18 cts
+    Net 2,256,000 vs 1,915,000
+    Revs 38.2 mln vs 35.3 mln
+    Nine mths
+    Shr 62 cts vs 56 cts
+    Net 6,474,000 vs 5,808,000
+    Revs 125.9 mln vs 112.3 mln
+    Backlog nine mln vs six mln
+    NOTE: Share adjusted for five-for-four stock split in June
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="912" NEWID="16378">
+<DATE>13-APR-1987 11:39:51.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1483&#31;reute
+r f BC-COMMAND-AIRWAYS&lt;COMD.   04-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMAND AIRWAYS&lt;COMD.O> MARCH LOAD FACTOR RISES</TITLE>
+<DATELINE>    WAPPINGERS FALLS, N.Y., April 13 - </DATELINE><BODY>Command Airways Inc said
+its March load factor rose to 44.6 pct from 40.8 pct in March
+1986.
+    Revenue passenger miles rose 43.2 pct in March to 4,573,200
+from 3,192,700 and 34.3 pct year-to-date to 41.6 mln from 30.9
+mln, the company said.
+    Available seat miles increased 30.8 pct in March to 10.2
+mln from 7,832,800 and 25.9 pct in the 10 months to 101.4 mln
+from 80.6 mln.
+    Year-to-date load factor rose to 41 pct from 38.4 pct, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="913" NEWID="16379">
+<DATE>13-APR-1987 11:40:34.72</DATE>
+<TOPICS><D>acq</D><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1489&#31;reute
+d f BC-SWIFT-TO-SELL-SOUTH-D   04-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWIFT TO SELL SOUTH DAKOTA PORK PLANT</TITLE>
+<DATELINE>    DALLAS, April 13 - </DATELINE><BODY>Swift Independent Packing Co said it
+agreed in principle to sell its Huron, South Dakota, pork plant
+to Huron Dressed Beef, for undisclosed terms.
+    Completion of the proposed transaction is subject to
+Huron's ability to hire an experienced work force at
+competitive rates, and receive government approval of the
+purchase and operation of the plant, Swift said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="914" NEWID="16380">
+<DATE>13-APR-1987 11:42:21.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1498&#31;reute
+b f BC-/U.S.-TRUST-CORP-&lt;UST   04-13 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TRUST CORP &lt;USTC.O> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Shr primary 88 cts vs 83 cts
+    Shr diluted 84 cts vs 78 cts
+    Net 8,869,000 vs 8,176,000
+    Avg Assets 2.62 billion vs 2.42 billion
+    Deposits 2.06 billion vs 1.80 billion
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="915" NEWID="16381">
+<DATE>13-APR-1987 11:43:44.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1502&#31;reute
+w f BC-PRIMARY-GILTS-DEALERS   04-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIMARY GILTS DEALERS NEED NOT BUY AT AUCTIONS</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Primary dealers in U.K. Government gilts
+will not be required to underwrite the government's offering of
+its securities when the first auctions begin in Mid-May, the
+Bank of England said.
+    In an official notice released today, the Bank said "There
+will be no formal or informal underwriting arrangement for the
+auctions but the Bank encourages all gilt-edged market makers,
+as part of their commitment to the market, to participate
+actively in the auction process."
+    The Bank was originally believed to have favoured requiring
+the dealers to underwrite auctions, which are patterned after
+those in the U.S. Treasury market.
+    However, the Treasury was believed to have baulked at the
+request by the 27 market makers for an allotment commission
+which would discourage the largest institutional investors from
+placing orders for new stock directly through the Bank of
+England, thus denying primary dealers some of their best
+customers. Commission would have been passed along to customers
+who did place orders via the primary dealers, making it less
+expensive to buy through them than to go directly to the Bank.
+    Market sources said the Bank had, in its discussions with
+the dealers about the upcoming auctions, agreed that the
+allotment commission was reasonable if the dealers had a
+concurrent commitment to buy at the auction regardless of
+market conditions.
+    Indeed, the Bank and the gilts dealers are believed to be
+disappointed that the Treasury has not agreed to go along with
+the plan. However, in its paper, the Bank suggested that any
+conditions applied for the first few auctions may be abandoned
+or modified in future sales of gilts if they prove inefficient
+or unwieldy.
+    Among other items in the document, the Bank said its first
+auction will consist of up to 1.25 billion stg in conventional
+short-dated stock and have a maturity of seven years or less.
+    Subsequent auctions to be held in the 1987-88 financial
+year would first be of up to one billion stg of long-dated
+stock having a maturity of 15 years or longer and then of up to
+one billion stg of medium dated stock of seven to 15 years in
+maturity.
+    The remainder of the gilt-edged funding program would be
+met by traditional tap offerings of stock via the government
+broker.
+    To protect the buyers of the newly auctioned stock, the
+Bank has agreed to establish a so-called fallow period, a
+28-day period during which it agrees not to issue any new stock
+of the same type, and it will not necessarily resume selling
+the stock once the fallow period expires.
+    In the event that prices offered for the stock to be sold
+are substantially out of line with market conditions, the Bank
+will agree to take the stock onto its own books.
+    The bank would then be free to sell the stock during the
+fallow period but not at a price below the minimum tender
+price.
+    The Bank also said that at least initially, auctions will
+be alloted on a bid price basis, a system under which bidders
+are allotted stock at the price which they bid.
+    However, the Bank said it reserves the right to limit any
+money market maker from buying more than 25 pct of a single
+auction. The Bank is widely believed to be concerned about
+preventing a single market maker from cornering a stock to
+drive the price up.
+   The Bank has repeatedly signalled its intention to prevent
+dealers from cornering the market in a stock, issuing
+additional stock, on occasion, to end a market shortage.
+    The Bank has also agreed to publish information about the
+auction results as soon as possible after the sale is complete,
+which is widely expected to be on the same day.
+    Information to be released will include the amount of stock
+allotted in terms of both competitive and non-competitive bids,
+and the highest, lowest and average price of the successful
+bids.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="916" NEWID="16382">
+<DATE>13-APR-1987 11:44:07.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1504&#31;reute
+u f BC-GULF-OF-MEXICO-RIG-CO   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF OF MEXICO RIG COUNT DOWN SLIGHTLY THIS WEEK</TITLE>
+<DATELINE>    Houston, April 13 - </DATELINE><BODY>Utilization of offshore mobile rigs in
+the Gulf of Mexico fell about 0.5 percentage point to 35.0 pct
+this week, with a total of 82 working and 152 idled, Offshore
+Data Services said.
+    In the European-Mediterranean area, utilization remained
+about unchanged at 46.1 pct, after rising four percentage
+points in the previous two weeks. Out of a total of 154 rigs,
+71 were working and 83 idled, it said.
+    Worldwide utilization of offshore rigs was steady at 53.8
+pct, reflecting 391 rigs working and 336 idled.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="917" NEWID="16383">
+<DATE>13-APR-1987 11:48:02.67</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1511&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange 1.5 billion dlrs of
+customer repurchase agreements, a Fed spokesman said.
+    Dealers said Federal funds were trading at 6-1/2 pct when
+the Fed began its temporary and indirect supply of reserves to
+the banking system.
+    Most had expected the Fed to supply reserves directly via
+System repurchase agreements or to add them indirectly through
+two billion dlrs or more of customer repurchase agreements.
+Some believe the Fed is adding fewer reserves than are needed
+to keep upward pressure on rates and so help the dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="918" NEWID="16384">
+<DATE>13-APR-1987 11:48:29.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1513&#31;reute
+u f BC-BURROUGHS-WELLCOME-SE   04-13 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURROUGHS-WELLCOME SETS RESEARCH SPENDING</TITLE>
+<DATELINE>    MONTREAL, April 13 - </DATELINE><BODY>(Burroughs-Wellcome Inc) said it plans
+to invest 10 mln dlrs in research and development-related
+activities over the next five years if changes planned to
+Canada's patent act become law.
+    The company said it would increase its commitment to
+clinical research if the patent act is changed to provide
+further protection for patent rights, as planned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="919" NEWID="16385">
+<DATE>13-APR-1987 11:48:51.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1516&#31;reute
+u f BC-DESPTP-OMC-&lt;DSO>-1ST   04-13 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DESPTP OMC &lt;DSO> 1ST QTR NET</TITLE>
+<DATELINE>    DES PLAINES, ILL., April 13 -
+    </DATELINE><BODY>Shr 54 cts vs 51 cts
+    Net 2,151,000 vs 2,439,000
+    Sales 90.3 mln vs 96.8 mln
+    Avg shrs 3,960,000 vs 4,782,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="920" NEWID="16386">
+<DATE>13-APR-1987 11:50:33.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1523&#31;reute
+r f BC-PARK-COMMUNICATIONS-I   04-13 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARK COMMUNICATIONS INC &lt;PARC.O> 1ST QTR MAR 31</TITLE>
+<DATELINE>    ITHACA, N.Y., April 13 -
+    </DATELINE><BODY>Shr 15 cts vs 14 cts
+    Net 2,028,000 vs 1,879,000
+    Revs 32.1 mln vs 29.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="921" NEWID="16387">
+<DATE>13-APR-1987 11:50:46.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1524&#31;reute
+r f BC-SOFTWARE-SERVICES-&lt;SS   04-13 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOFTWARE SERVICES &lt;SSOA> EXTENDS WARRANTS</TITLE>
+<DATELINE>    LAWRENCE, Mass., April 13 - </DATELINE><BODY>Software Services of America
+Inc said its board has extended the expiration date of its
+warrants until August 31 from April 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="922" NEWID="16388">
+<DATE>13-APR-1987 11:50:55.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1525&#31;reute
+r f BC-federal-guarantee   04-13 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL GUARANTEE CORP &lt;FDGC.O> 1ST QTR NET</TITLE>
+<DATELINE>    MONTGOMERY, Ala., April 13 -
+    </DATELINE><BODY>Shr 34 cts vs 32 cts
+    Net 2,891,844 vs 2,666,278
+    Revs 13.7 mln vs 12.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="923" NEWID="16389">
+<DATE>13-APR-1987 11:51:49.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1529&#31;reute
+r f BC-BACHE-SECURITIES-SETS   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BACHE SECURITIES SETS NAME CHANGE, EXPANSION</TITLE>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>Bache Securities Inc, 80 pct-owned by
+Prudential-Bache Securities Inc, a unit of Prudential Insurance
+Co of America, said it would change its name on April 15 to
+Prudential-Bache Securities Canada Ltd as the first part of a
+major expansion in Canada.
+    The investment dealer said the expansion would involve
+increased research and retail staff, three new Canadian
+branches by year-end and enhanced corporate financing ability.
+    Bache chief executive George McGough told a news conference
+that Bache might expand its 20 mln Canadian dlr capital base by
+up to seven times over the next several years.
+    McGough said the move resulted from the proposed June 30
+deregulation of Ontario's securities industry, which will lift
+existing restrictions on the growth of foreign dealers such as
+Bache and allow it access to its U.S. parent's 134 billion U.S.
+dlrs of capital and products offered by Prudential Insurance Co
+of Canada, also owned by Bache's U.S. parent.
+    Stressing that company growth would be internal, McGough
+told reporters "that our game plan does not call for an
+acquisition," saying Bache recently rejected merger overtures
+from three other investment dealers in Canada.
+    McGough declined to identify the names of the three dealers
+that approached Bache.
+    He said that Bache hoped to rank in the top five Canadian
+investment dealers within the next few years. It now ranks
+about 14th.
+    McGough voiced confidence that Bache's plans would be
+unaffected by any delay past June 30 in the implementation of
+financial deregulation resulting from an ongoing dispute
+between the Canadian and Ontario governments over regulatory
+jusisdiction. He said regulators had already approved the name
+change and indicated they would approve Bache's expansion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="924" NEWID="16390">
+<DATE>13-APR-1987 11:52:34.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1532&#31;reute
+r f BC-ANGELL-CARE-MASTER-LP   04-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANGELL CARE MASTER LP &lt;ACR> RAISES QUARTERLY</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., April 13 -
+    </DATELINE><BODY>Shr 38 cts vs 36 cts prior
+    Pay July 31
+    Record June 23
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="925" NEWID="16391">
+<DATE>13-APR-1987 11:53:00.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1535&#31;reute
+r f BC-CHARTERHOUSE-GETS-310   04-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARTERHOUSE GETS 310 MLN DLRS IN NEW CAPITAL</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>&lt;Charterhouse Group International>,
+which specializes in leveraged buyouts and purchasing troubled
+companies, said it has raised 310 mln dlrs in new capital to
+help it compete in the acquisition market for U.S. companies.
+    Charterhouse said that it has formed Charterhouse Mezzanine
+Partners, a limited partnership capitalizaed at 152 mln dlrs,
+to provide subordinated financing in leveraged buyout
+transactions.
+    Charterhouse also said it recently received an infusion of
+100 mln dlrs of new capital from its shareholders.
+    In addition, the company said it has completed forming the
+Recovery Group, a limited partnership established to invest in
+distressed companies.
+    Then Recovery Group, to be co-managed by Charterhouse and
+two investors, Jay Goldsmith and Harry Freund, is capitalized
+at 58 mln dlrs from investors in Europe and America, the
+company said.
+    Charterhouse said the group will acquire equity or debt
+securities of distressed companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="926" NEWID="16392">
+<DATE>13-APR-1987 11:53:06.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1536&#31;reute
+r f BC-FRANKLIN-MICHIGAN-INS   04-13 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN MICHIGAN INSURED SETS LOWER PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 13 -
+    </DATELINE><BODY>Mthly div 6.6 cts vs 6.9 cts prior
+    Pay April 30
+    Record April 15
+    NOTE: Franklin michigan Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="927" NEWID="16393">
+<DATE>13-APR-1987 11:53:13.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1537&#31;reute
+r f BC-FRANKLIN-HIGH-YIELD-S   04-13 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN HIGH YIELD SETS HIGHER PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 13 -
+    </DATELINE><BODY>Mthly div eight cts vs 7.1 cts prior
+    Pay April 30
+    Record April 15
+    NOTE: Franklin High Yield Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="928" NEWID="16394">
+<DATE>13-APR-1987 11:53:22.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1538&#31;reute
+r f BC-FRANKLIN-PENNSYLVANIA   04-13 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN PENNSYLVANIA TAX-FREE IN INITIAL PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 13 - </DATELINE><BODY>Franklin Pennsylvania
+Tax-Free Income Fund said its board declared an initial monthly
+dividend of six cts per share, payable April 30 to holders of
+record April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="929" NEWID="16395">
+<DATE>13-APR-1987 11:53:56.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1542&#31;reute
+u f BC-GENCORP   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL PARTNERS SELLS GENCORP &lt;GY> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>General Partners, a Texas
+partnership that recently ended its bid to take over GenCorp
+Inc, told the Securities and Exchange Commission it sold nearly
+all of its remaining 8.6 pct stake in the company.
+    General Partners said it sold 1,930,500 shares of GenCorp
+on April 10 at 118.25 dlrs a share in an open market
+transaction on the New York Stock Exchange.
+    It said the sale leaves it with 108 GenCorp common shares.
+    The partnership, which includes Wagner and Brown of Midland
+Texas and Irvine, Calif.-based AFG Industries Inc, last week
+dropped its 100 dlr a share hostile tender offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="930" NEWID="16396">
+<DATE>13-APR-1987 11:54:06.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1544&#31;reute
+r f BC-FRANKLIN-PENNSYLVANIA   04-13 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN PENNSYLVANIA U.S. SETS INITIAL PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 13 - </DATELINE><BODY>Franklin Pennsylvania
+Investors U.S. Government Securities Fund Fund said its board
+declared an initial monthly dividend of 7.8 cts per share,
+payable April 30 to holders of record April 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="931" NEWID="16397">
+<DATE>13-APR-1987 11:54:20.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1545&#31;reute
+d f BC-DUFF/PHELPS-DOWNGRADE   04-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS DOWNGRADES MELLON BANK CORP &lt;MEL></TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>Duff and Phelps today lowered the
+senior debt rating of Mellon Bank Corp. to D&amp;P-8 (High BBB)
+from D&amp;P-6 (middle A) and lowered the preferred stock rating to
+D&amp;P-9 (middle BBB) from D&amp;P-7 (low A).
+    These rating changes affect approximately 607 mln dlrs of
+securities.
+    In addition, the certificate of deposit rating of Mellon
+Bank has been lowered to Duff one minus from Duff one. The
+rating affects approximately 2.7 bln dlrs on CDs.
+    "A sharp deterioration in asset quality," resulting in a
+"significant" first-quarter loss were cited in the change.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="932" NEWID="16398">
+<DATE>13-APR-1987 11:54:49.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1547&#31;reute
+u f BC-GAF-&lt;GAF>-STUDYING-BO   04-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAF &lt;GAF> STUDYING BORG-WARNER &lt;BOR> PLAN</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>GAF Corp is studying an agreement
+under which Merrill Lynch Capital Partners will take
+Borg-Warner Corp private in a 4.23 billion dlr transaction, a
+GAF spokesman said.
+    The spokesman had no further comment.
+    Analysts said there was speculation GAF would make a new
+offer for the Chicago-based plastics and automobile parts
+company. Borg-Warner's stock rose 7/8 to 49-1/4, above the
+Merrill Lynch 48.50 dlrs per share tender offer price.
+    Merrill Lynch Capital Partners, a unit of Merrill Lynch and
+Co, is tendering for 89 pct of Borg-Warner and offering a
+package of cash and securities for the balance of the shares.
+    GAF had offered 46 dlrs per share previously. It holds 19.9
+pct of Borg-Warner's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="933" NEWID="16399">
+<DATE>13-APR-1987 11:55:09.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f1548&#31;reute
+u f BC-NATIONAL-WESTMINSTER   04-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL WESTMINSTER BANK USA 1ST-QTR NET RISES</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>National Westminster Bank USA said
+higher loans and core deposit volumes as well as a substantial
+increase in net interest income contributed to a 16 pct rise in
+first-quarter earnings to 17.7 mln dlrs from 15.3 mln reported
+a year earlier.
+    The earnings gain came despite a 1.5 mln dlr reduction of
+income as a result of placing Brazilian loans on non-accrual.
+    Net interest income totalled 92.5 mln dlrs compared with
+91.7 mln dlrs in the same 1986 period as loans, mostly to
+middle market businesses, increased by 896 mln dlrs. But some
+of these gains were offset by low levels of interest rates.
+    Provision for loan losses rose to 13.8 mln dlrs from 13.0
+mln a year earlier. At March 31, the allowance for loan losses
+was 114.2 mln dlrs versus 94.8 mln at end of March 1986.
+    Non-accrual loans rose to 286 mln dlrs from 132 mln at the
+end of the first quarter of 1986, largely because 119 mln dlrs
+of loans to Brazil were put on non-accrual status.
+    The bank said that if these loans remain on non-accrual for
+the remainder of the year net income for 1987 would be reduced
+by about 4.9 mln dlrs.
+    National Westminster Bank USA is a wholly-owned subsidiary
+of National Westminster Bank PLC.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="934" NEWID="16400">
+<DATE>13-APR-1987 11:56:09.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1556&#31;reute
+d f BC-LASER-PHOTONICS-INC-&lt;   04-13 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LASER PHOTONICS INC &lt;LAZR.O> 4TH QTR DEC 31</TITLE>
+<DATELINE>    Orlando, Fla, April 13 -
+    </DATELINE><BODY>Shr loss 26 cts vs loss one cts
+    Net loss 699,000 vs loss 20,617
+    Revs 883,000 vs 1.1 mln
+    Year
+    Shr loss 62 cts vs loss eight cts
+    Net loss 1.7 mln vs loss 185,003
+    Revs 3.6 mln vs 4.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="935" NEWID="16401">
+<DATE>13-APR-1987 11:59:44.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1563&#31;reute
+u f BC-eastern-utilities   04-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTERN UTILITIES ASSOCIATES &lt;EUA> UPS PAYOUT</TITLE>
+<DATELINE>    BOSTON, April 13 -
+    </DATELINE><BODY>Qtly div 57-1/2 cts vs 54-1/2 cts prior qtr
+    Pay May 15
+    Record May 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="936" NEWID="16402">
+<DATE>13-APR-1987 12:00:00.98</DATE>
+<TOPICS><D>acq</D><D>earn</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1564&#31;reute
+d f BC-ITALY'S-BUITONI-ACQUI   04-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S BUITONI ACQUIRES VISMARA FOOD GROUP</TITLE>
+<DATELINE>    Perugia, Italy, April 13 - </DATELINE><BODY>Carlo De Benedetti's food
+company Industrie Buitoni Perugina Spa said it has acquired the
+Italian food group Vismara.
+    Buitoni said in a statement that Vismara had 1986 sales of
+181 billion lire and net profit of 11 billion lire, employs 950
+people and has four subsidaries.
+    Buitoni did not disclose financial details about the
+acquisition. De Benedetti said last week that his group was
+negotiating a purchase of an unidentified Italian food firm.
+    Vismara primarily produces a variety of pork products. "The
+acquisition represents a diversification in a market sector
+with annual consumption of 8,500 billion lire," Buitoni said.
+    Buitoni also said its consolidated revenue during the first
+quarter of this year was 429 billion lire, up 51 pct from the
+comparable 1986 period.
+    As reported, Buitoni's consolidated revenue rose last year
+to 1,623 billion lire from 1,177 billion in 1985. Net profit
+rose to 18.5 billion lire from 448 mln lire in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="937" NEWID="16403">
+<DATE>13-APR-1987 12:01:41.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1570&#31;reute
+r f BC-MCGRAW-HILL-&lt;MHP>-DIV   04-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCGRAW-HILL &lt;MHP> DIVESTS SOUTH AFRICAN UNIT</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>McGraw-Hill Inc said it has sold its
+McGraw-Hill Book Co South Africa Pty Ltd subsidiary to a local
+management group for an undisclosed amount of cash and halted
+the sale of all products and services to South Africa.
+    The company said the divestiture follows a resolution of
+its board in February that cited increased political and social
+unrest within South Africa and the refusal of the South African
+government to abolish the apartheid system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="938" NEWID="16404">
+<DATE>13-APR-1987 12:02:01.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1573&#31;reute
+r f BC-OAK-ONDUSTRIES-&lt;OAK>   04-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OAK ONDUSTRIES &lt;OAK> TO BUY ELECTRONICS FIRM</TITLE>
+<DATELINE>    SAN DIEGO, Calif., April 13 - </DATELINE><BODY>Oak Industries Inc said it
+agreed to buy the stock of Electronic Technologies Inc of New
+York for an undisclosed amount of cash.
+    Electronic Technologies manufactures quartz crystal
+components, Oak said.
+    It said the acquisition is part of its ongoing stategy to
+restructure its core businesses through cost reduction programs
+and the purchase of compatible companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="939" NEWID="16405">
+<DATE>13-APR-1987 12:03:39.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1585&#31;reute
+d f BC-PEOPLES-HERITAGE-BANK   04-13 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEOPLES HERITAGE BANK &lt;PHBK> 1ST QTR NET</TITLE>
+<DATELINE>    PORTLAND, Me., April 13 -
+    </DATELINE><BODY>Shr 51 cts vs not given
+    Net 4,661,000 vs 2,499,000
+    NOTE: Includes net securities gains of 663,000 dlrs vs 1.2
+mln dlrs from.
+    Company converted to stock ownership in December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="940" NEWID="16406">
+<DATE>13-APR-1987 12:05:54.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1596&#31;reute
+f f BC-******REVLON-GROUP-IN   04-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REVLON GROUP AGREES TO MERGE WITH MACANDREWS AND FORBES GROUP FOR 20.10 DLRS/SHR CASH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="941" NEWID="16407">
+<DATE>13-APR-1987 12:06:16.90</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1598&#31;reute
+u f BC-/U.S.-TRUST-CO-&lt;USTC>   04-13 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TRUST CO &lt;USTC> RAISES BROKER LOAN RATE</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>U.S. Trust Co said it raised its
+broker loan rate to 7-3/4 pct from 7-1/2 pct, effective
+immediately.
+    Bankers Trust Co &lt;BT>, which also quotes its broker loan
+rate publicly, raised its rate to 7-1/2 pct earlier today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="942" NEWID="16408">
+<DATE>13-APR-1987 12:07:52.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1611&#31;reute
+u f BC-FIRESTONE-&lt;FIR>-IN-AG   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRESTONE &lt;FIR> IN AGREEMENT WITH CHAIRMAN</TITLE>
+<DATELINE>    AKRON, Ohio, April 13 - </DATELINE><BODY>Firestone Tire and Rubber Co said
+Chairman John Nevin entered into a new employment agreement
+allowing him to continue as an executive or consultant with the
+company until he becomes 65 years old in February 1992.
+    Firestone said Nevin has agreed to remain as chief
+executive officer until its board elects a successor. The
+company was not immediately available for comment.
+   In the release, Firestone said while Nevin serves as chief
+executive, he will be paid his current salary and will continue
+to be eligible for supplemental compensation.
+    Firestone said Nevin will serve as a consultant to the
+company after a new chief executive is found and until Nevin
+becomes 65. Firestone said it agreed that during this period,
+Nevin will be paid a fee not less than the pension which he
+would have been entitled to if he retired.
+    It also said Nevin agreed not to engage in a competitive
+business until he becomes 67.
+    On February 17, Firestone granted Nevin an option to buy
+100,000 shares of the company's common at 34.19 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="943" NEWID="16409">
+<DATE>13-APR-1987 12:08:12.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1613&#31;reute
+u f BC-(CORRECTED)-CRAZY-EDD   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED)-CRAZY EDDIE &lt;CRZY.O> SETS RIGHTS</TITLE>
+<DATELINE>    EDISON, N.J., April 13 - </DATELINE><BODY>Crazy Eddie Inc said its board has
+adopted a defensive shareholder rights plan and said it has
+reacived inquiries on a friendly merger.
+    It said under the plan, shareholders of record as of April
+21 will receive a right to purchase under certain circumstances
+at a price of 42 dlrs 0.01 preferred share for each common
+share held.  The rights expire April 9, 1997.
+    The company said the rights would be exercisable 20
+business days after a party were to acquire 20 pct or more of
+Crazy Eddie common stock or announce a bid for 30 pct or more.
+    Adds dropped year of rights expiration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="944" NEWID="16410">
+<DATE>13-APR-1987 12:09:02.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1622&#31;reute
+u f BC-BIOTECH-ELECTRONICS   04-13 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOTECH ELECTRONICS INC &lt;ION.TO> 3RD QTR NET</TITLE>
+<DATELINE>    MONTREAL, April 13 -
+    </DATELINE><BODY>Shr eight cts vs one-half ct
+    Net 508,000 vs 21,000
+    Revs 7.2 mln vs 7.4 mln
+    Nine mths
+    Shr 28 cts vs 11 cts
+    Net 1,523,000 vs 567,000
+    Revs 26.2 mln vs 22.6 mln
+    Note: period ended February 28.
+REUTER
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="945" NEWID="16411">
+<DATE>13-APR-1987 12:09:21.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1625&#31;reute
+r f BC-TEXSCAN-TO-FILE-REORG   04-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXSCAN TO FILE REORGANIZATION PLAN</TITLE>
+<DATELINE>    PHOENIX, April 13 - </DATELINE><BODY>&lt;Texcan Corp> said it reached an
+agreement in principle with its major creditors on a
+reorganization plan to lift it out of bankruptcy.
+    The plan proposes Texcan to pay its bank debt partially
+through a 15 mln dlr secured obligation, to pay its general
+trade debt of two mln dlrs, and to satisfy subordinate
+debenture holders through issuance of 45 pct of the stock of
+the reorganized corporation, it said.
+    Texcan said its bank debt will be paid to United Bancorp of
+Arizona's &lt;UBAZ> United Bank of Arizona and Security Pacific's
+Corp's &lt;SPC> Security Pacific Bank.
+    Subordinated bondholders also will have the right to
+subscribe to buy an additional 40 pct of the common stock of
+the reorganized corporation for three mln dlrs under an
+arrangement to be announced in a few weeks, Texscan said.
+    Total debt claims have been filed in the Chapter 11
+proceeding of 110 mln dlrs, it said.
+    Texscan said its existing stock will be extinguished under
+the proposed reorganization plan. The company said it filed for
+reorganization Nov 22, 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="946" NEWID="16412">
+<DATE>13-APR-1987 12:09:32.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1626&#31;reute
+b f BC-NOMURA-REPACKAGES-DAN   04-13 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOMURA REPACKAGES DANISH ISSUE AS ZERO-COUPON BOND</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>Nomura International Ltd said it is
+using a special purpose issuing vehicle, "Lives 2 Ltd," to
+repackage part of the Denmark's 7-1/8 pct dollar straight issue
+launched by Nomura on January 8 this year and due 1992, into a
+zero coupon 17 billion yen bond priced at 82-1/4 pct.
+    The notes and swap agreement are secured by a charge on 97
+mln dlrs of the Denmark bond. The new bond is due March 5,
+1992.
+    Payment date on the issue, which will be listed in
+Luxembourg, is April 24 and the first coupon will be short.
+    Fees comprise 85 basis points for selling with 70 for
+management and underwriting. Denominations are 10 mln yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="947" NEWID="16413">
+<DATE>13-APR-1987 12:10:04.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1630&#31;reute
+u f BC-RHONE-POULENC-PLANS-D   04-13 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RHONE-POULENC PLANS DRUG RESEARCH SPENDING</TITLE>
+<DATELINE>    MONTREAL, April 13 - </DATELINE><BODY>(Rhone Poulenc Pharma Inc) said it
+plans to spend 29 mln dlrs over the next five years for
+research and development in Canada. It said the investment
+depends upon passage of a federal government bill which
+proposes greater protection for holders of drug patents.
+    The company said it will spend 7.9 mln dlrs to upgrade its
+Montreal operations.
+    It said the new patent law would give drug companies 
+reasonable protection from generic drug copying of new
+compounds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="948" NEWID="16414">
+<DATE>13-APR-1987 12:10:34.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1633&#31;reute
+u f BC-TEXACO-NETHERLANDS-UN   04-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO NETHERLANDS UNAFFECTED BY CHAPTER 11 FILING</TITLE>
+<DATELINE>    ROTTERDAM, April 13 - </DATELINE><BODY>Texaco Petroleum Maatschaapij
+(Netherlands) BV said its operations were unaffected by
+yesterday's move by Texaco Inc &lt;TX.N> to file for protection
+under Chapter 11 of the U.S. Bankruptcy code.
+    A Texaco spokesman said the Dutch unit, wholly owned by
+Texaco Inc through holding companies, had its own financial
+relationship with banks, its own distribution facilities and
+refinery, and bought its own crude oil and products.
+    There had been no negative reaction from trading partners
+to the U.S. Move, although there was some negative influence on
+publicity, he said.
+    "The Dutch operations are not dependent on the U.S. For
+money or products. We are informing our customers that our
+business is not affected in any way," the spokesman said.
+    He said trading partners had not made demands for stricter
+credit terms than was normal in the international oil markets.
+    Spot market traders at Dutch arms of other major companies
+said they were acting as usual towards Texaco so far, but some
+were maintaining contact with their headquarters' credit
+control offices. One trader said his company hoped to meet
+representatives of Texaco personally to clarify the position.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="949" NEWID="16415">
+<DATE>13-APR-1987 12:10:47.88</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1635&#31;reute
+u f BC-PORTUGUESE-CONSUMER-P   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGUESE CONSUMER PRICES UP 1.4 PCT IN MARCH</TITLE>
+<DATELINE>    LISBON, April 13 - </DATELINE><BODY>Portugal's consumer prices rose 1.4 pct
+in March after a one pct increase in February and a 1.2 pct
+rise in March 1986, the National Statistics Institute said.
+    The consumer price index (base 100 for 1976) rose to 772.0
+from 761.3 in February and compared with 703.4 in March 1986.
+    This gave a year-on-year March inflation rate of 9.8 pct
+against 9.5 pct in February and 12.2 pct in March 1986.
+    Measured as an annual average rate, inflation in March was
+10.9 pct compared with 11.1 pct in February. The government
+forecasts annual inflation of about eight pct this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="950" NEWID="16416">
+<DATE>13-APR-1987 12:10:59.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1637&#31;reute
+r f BC-DEST-&lt;DEST.O>-EXPECTS   04-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEST &lt;DEST.O> EXPECTS HIGHER 4TH QTR SALES</TITLE>
+<DATELINE>    MILPITAS, Calif., April 13 - </DATELINE><BODY>Dest Corp said it expects a 17
+pct increase in revenues for its fourth quarter ended March 31
+compared with the 4.8 mln dlrs reported for the same quarter a
+year earlier.
+    The company said the increase is due to increased demand
+for its PC Scan product family.
+    The scanning products are used with desktop publishing
+systems, Dest also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="951" NEWID="16417">
+<DATE>13-APR-1987 12:11:04.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1638&#31;reute
+r f BC-MYERS-INDUSTRIES-INC   04-13 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MYERS INDUSTRIES INC &lt;MYE> 1ST QTR NET</TITLE>
+<DATELINE>    AKRON, OHIO, April 13 -
+    </DATELINE><BODY>Shr 22 cts vs 18 cts
+    Net 803,708 vs 642,534
+    Sales 21.0 ln vs 18.8 mln
+    NOTE: Per share figures adjusted for ten pct stock dividend
+paid August 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="952" NEWID="16418">
+<DATE>13-APR-1987 12:11:13.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1640&#31;reute
+f f BC-******GTE-CORP-1ST-QT   04-13 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GTE CORP 1ST QTR SHR 78 CTS VS 86 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="953" NEWID="16419">
+<DATE>13-APR-1987 12:11:26.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1642&#31;reute
+r f BC-RESDEL-&lt;RSDL.O>-TO-ME   04-13 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESDEL &lt;RSDL.O> TO MERGE WITH SAN/BAR &lt;SBAR.O></TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., April 13 - </DATELINE><BODY>Resdel Industries said it
+and San/Bar Corp has agreed to merge San/Bar into Resdel.
+    The arrangement calls for San/Bar to spin-off assets of its
+Break-Free division to shareholders then exchange its own
+shares for Resdel stock at a ratio of one Resdel share for each
+San/Bar share held, Resdel said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="954" NEWID="16420">
+<DATE>13-APR-1987 12:11:35.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1643&#31;reute
+d f BC-MIDLANTIC-&lt;MIDL.O>-TO   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDLANTIC &lt;MIDL.O> TO ACQUIRE COUNTY BANCORP</TITLE>
+<DATELINE>    EDISON, N.J., April 13 - </DATELINE><BODY>Midlantic Corp said it agreed to
+acquire County Bancorp for about 23 mln dlrs in an agreement
+calling for County Trust Co, a County Bancorp subsidiary, to
+merge into Midlantic National Bank/North.
+    Midlantic said it will pay 83.73 dlrs a share in cash, or
+2.36 times County Bancorp's March 31 book value, for each of
+County's about 276,0000 shares outstanding. It said it received
+an option from three principal shareholders for 40 pct of
+County's outstanding.
+    The acquisition is expected in the third quarter of 1987
+and is subject to regulatory and shareholder approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="955" NEWID="16421">
+<DATE>13-APR-1987 12:12:31.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1649&#31;reute
+d f BC-PEOPLE'S-SAVINGS-BANK   04-13 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEOPLE'S SAVINGS BANK OF BROCKTON &lt;PBKB.O></TITLE>
+<DATELINE>    BROCKTON, Mass, April 13-
+    </DATELINE><BODY>Net 646,000 vs 470,000
+    Assets 173.0 mln vs 152.9 mln
+    NOTE:Quarter ended March 31. The company completed
+conversion from mutual to stock form in October 1986, raising
+14.1 mln dlrs in net proceeds through the sale of 2.3 mln
+shares of common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="956" NEWID="16422">
+<DATE>13-APR-1987 12:12:36.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1650&#31;reute
+d f BC-MICRO-GENERAL-CORP-&lt;M   04-13 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRO GENERAL CORP &lt;MGEN.O> 4TH QTR LOSS</TITLE>
+<DATELINE>    IRVINE, Calif., April 13 - </DATELINE><BODY>Period ended December 28.
+    Shr nil vs loss six cts
+    Net loss 6,319 vs loss 265,651
+    Revs 1,117,778 vs 1,090,001
+    Avg shrs 6,874,383 vs 4,323,614
+    Year
+    Shr nil vs loss 10 cts
+    Net profit 4,323 vs loss 432,458
+    Revs 4,711,350 vs 4,256,708
+    Avg shrs 6,837,871 vs 4,322,816
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="957" NEWID="16423">
+<DATE>13-APR-1987 12:12:46.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1651&#31;reute
+d f BC-U.S.-AUTOWORKERS-SET   04-13 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AUTOWORKERS SET FOR TOUGH BARGAINING ROUND</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>The United Automobile Workers Union,
+UAW, is asking local leaders to back a renewed drive for higher
+wages in upcoming bargaining with the car and other major
+industries while acknowledging that futher job losses are
+inevitable as traditional U.S. manufacturing shrinks.
+    The UAW will begin bargaining this summer on new contracts
+covering some 380,000 members at General Motors Corp, the
+world's largest corporation, and nearly 110,000 members at Ford
+Motor Co, the number two U.S. automaker.
+    National UAW labor contracts at both companies expire at
+midnight September 14.
+    The union is expected to chose one of the companies as a
+possible strike target in early September to concentrate its
+efforts.
+    UAW president Owen Bieber was loudly cheered by some 3,000
+local delegates at a special bargaining strategy convention
+yesterday when he declared the union is ready to go to "war"
+against the major auto makers in support of its goals.
+    "It takes two to make peace, but only one to make war ...
+and if it's war, the UAW will be ready for it. War against the
+insecurity of layoff," the UAW chief said.
+    In a 101-page document proposing its 1987 collective
+bargaining program, the leadership of the 1.1 mln member union
+urged "full resumption of our traditional wage formula" as "a
+top priority in this round of bargaining."
+    But the union concedes that increased foreign competition,
+new technology and shifts to low-cost offshore production by
+U.S. manufacturers will continue to cut the number of workers
+in the motor vehicle and agricultural equipment industries.
+    Union leaders told Reuters the 1987 round of bargaining
+with GM and Ford will be one of the most difficult in the
+51-year history of the union in view of GM's announced goal to
+close plants it deems non-competitive and to increase its
+purchase of parts from outside suppliers as part of a massive
+program to reduce its costs by 10 billion dlrs and reverse the
+profits decline it suffered the last two years.
+    At Ford, where a record 3.3 billion dlrs in profits last
+year swelled its cash reserves past eight billion dlrs,
+analysts say the company's healthy position could make it a
+tempting target for the union in its drive to increase wages.
+    Labor executives for both GM and Ford have said they will
+oppose any attempt to return to annual general wage increases
+that were dropped in 1982 when the Detroit-based industry was
+mired in a deep recession.
+    But the UAW, pointing to a three pct pay increase to be
+implemented later this year in the contract it negotiated with
+Chrysler Corp after a 1985 strike, said it intends to seek full
+reinstatement of annual percentage wage increases in this
+year's bargaining with GM and Ford.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="958" NEWID="16424">
+<DATE>13-APR-1987 12:14:07.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1657&#31;reute
+b f BC-******GTE-CORP-1ST-QT   04-13 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE CORP &lt;GTE> 1ST QTR MAR 31</TITLE>
+<DATELINE>    STAMFORD, Conn, April 13 -
+    </DATELINE><BODY>Shr 78 cts vs 86 cts
+    Net 265.0 mln vs 283.0 mln
+    Revs 3.7 billion vs 3.6 billion
+    Avg shrs 329.0 mln vs 319.0 mln
+                    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="959" NEWID="16425">
+<DATE>13-APR-1987 12:16:22.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1665&#31;reute
+r f BC-mitel   04-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITEL &lt;MLT> HAS TWO NEW PRODUCTS</TITLE>
+<DATELINE>    OTTAWA, April 13 - </DATELINE><BODY>Mitel Corp said it introduced two new
+digital telephone switching systems and additional applications
+software for its current product line.
+    The new SX-2000s digital private branch exchange is a
+smaller version of the SX-2000, directed at line capacities of
+100 to 500 telephone extensions. The other new product is the
+even smaller SX-50 for 30 to 100 telephones, with software
+specifications designed for the hotel and motel industry.
+    Mitel said it has developed new software packages to
+"extend the data capabilities of the SX-2000 to high speed
+applications found in an IBM-type environment."
+                    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="960" NEWID="16426">
+<DATE>13-APR-1987 12:17:41.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1669&#31;reute
+b f BC-******GTE-POSTS-PRE-T   04-13 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GTE POSTS PRE-TAX LOSS OF 121 MLN DLRS IN 1ST QTR FOR 50 PCT SHARE OF US SPRINT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="961" NEWID="16427">
+<DATE>13-APR-1987 12:18:34.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1671&#31;reute
+u f BC-SCANDINAVIA   04-13 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP RAISES SCANDINAVIA FUND &lt;SCF> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>A shareholder group consisting of
+foreign investment firms and investors said it raised its stake
+in Scandinavia Fund Inc to 2,607,900 shares, or 40.0 pct of the
+total outstanding from 2,309,700 shares, or 35.4 pct.
+    In a filing with the Securities and Exchange Commission,
+the group also said it is considering an informal offer made by
+Scandinavia Fund President Bjorn Carlson on March 31 which
+would grant it representation on the company's board.
+    The group includes VBI Corp, a Turks and Caicos Islands
+investment firm, and Ingemar Rydin Industritillbehor AB, a
+Swedish investment firm, and Erik Martin Vik, a Norwegian
+investor, and Vik's son, Alexander.
+    The group said VBI and the elder Vik bought a combined
+298,200 Scandinavia Fund common shares since March 13 at prices
+ranging from 9.500 to 10.000 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="962" NEWID="16428">
+<DATE>13-APR-1987 12:19:07.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1676&#31;reute
+u f BC-SQUARE-D-CORP-&lt;SQD>-1   04-13 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SQUARE D CORP &lt;SQD> 1ST QTR NET</TITLE>
+<DATELINE>    PALATINE, ILL., April 13 -
+    </DATELINE><BODY>Shr 79 cts vs 73 cts
+    Net 22,901,000 vs 21,042,000
+    Sales 336.1 mln vs 334.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="963" NEWID="16429">
+<DATE>13-APR-1987 12:20:24.05</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1682&#31;reute
+r f BC-TRITON-&lt;OIL>-SAYS-PAR   04-13 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRITON &lt;OIL> SAYS PARIS BASIN RESERVES UP 39 PCT</TITLE>
+<DATELINE>    DALLAS, April 13 - </DATELINE><BODY>Triton Energy Corp said proven reserves
+of the Villespedue oil field in France's Paris Basin were
+estimated at a total of 67.5 mln barrels on March one, up 39
+pct from 48.7 mln barrels on May 31, 1986.
+    Triton said its 60 pct owned &lt;Triton Europe Plc> subsidiary
+has a 50 pct interest in the field which is located 50 miles
+east of Paris. The other 50 pct is held by &lt;Total Exploration
+S.A.>, the field's operator.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="964" NEWID="16430">
+<DATE>13-APR-1987 12:21:11.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1684&#31;reute
+u f BC-/TALKING-POINT/IBM-&lt;I   04-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKING POINT/IBM &lt;IBM></TITLE>
+<AUTHOR>    By Lawrence Edelman, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>International Business Machines Corp
+has started the year aggressively, but industry analysts said
+the company still faces some tough rounds in its fight to stop
+a two-year earnings slump.
+    "I am more impressed with what's happening at IBM than I
+have been in a long time," said PaineWebber analyst Stephen
+Smith.
+    "But they're not out of the woods yet," he added.
+    At 1.30 dlrs a share, IBM's first-quarter net income easily
+topped most estimates on Wall Street, which had ranged from an
+even dollar to 1.20 dlrs.
+    Most analysts said they were pleasantly surprised by IBM's
+performance. But they indicated that IBM's chances for a full
+recovery hinged on several key factors whose impact will not be
+felt until later in the year.
+    These include the success of IBM's new personal computer
+line, introduced two weeks ago, and its 9370 minicomputers,
+which will begin volume shipments in July.
+    In addition, IBM has said the full benefits of its
+early-retirement program and other cost-cutting moves will
+emerge as the year progresses.
+    Analysts noted that IBM chairman John F. Akers was
+relatively more upbeat in assessing the company's outlook than
+he has been for nearly a year.
+    "Although the worldwide economic situation remains
+unsettled, there are some encouraging signs in our business,"
+Akers said, pointing to, among other things, higher
+first-quarter shipments. "We remain optimistic about the
+prospects for both the industry and IBM," he said.
+    "Akers was most encouraging," said PaineWebber's Smith.
+    A weak dollar, a lower tax rate and strong mainframe
+computer sales all contributed to the better-than-expected
+first-quarter results, analysts said.
+    "Shipments of the 3090 mainframes were very strong in
+March," after a weak January and February, said Ulric Weil of
+Washington-based Weil and Associates.
+    Sales of the top-of-the-line mainframes, commonly called
+the Sierras, "bailed out the whole quarter," Weil said, adding,
+"If this continues, it augers well for the rest of the year."
+REUTER...^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="966" NEWID="16431">
+<DATE>13-APR-1987 12:22:30.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1693&#31;reute
+r f BC-SUNCOOK-BANK-MEETING   04-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNCOOK BANK MEETING ENJOINED BY COURT ORDER</TITLE>
+<DATELINE>    CONCORD, N.H., April 13 - </DATELINE><BODY>BankEast Corp &lt;BENH> said a state
+Superior Court enjoined &lt;Suncook Bank> from delivering any
+notices of shareholder meetings until it produces a shareholder
+list.
+    The order effectively prevents Suncook from holding any
+shareholder meetings until BankEast has a copy of its
+shareholder list, BankEast said.
+    The order also gives BankEast, which is eyeing a takeover
+of the bank, 30 days to communicate with its shareholders of
+Suncook, it said.
+    BankEast, which said it is a substantial stockholder in
+Suncook Bank, said the order came from the Merrimack County
+Superior Court.
+    At the same time, it said the Bank of New Hampshire Corp's 
+&lt;BNHC> Bank of New Hampshire also has made a bid for Suncook
+Bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="967" NEWID="16432">
+<DATE>13-APR-1987 12:23:45.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1697&#31;reute
+d f BC-MICRO-MASK-INC-&lt;NMS.O   04-13 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRO MASK INC &lt;NMS.O> 2ND QTR MAR 31 OPER LOSS</TITLE>
+<DATELINE>    SUNNYVALE, Calif., April 13 -
+    </DATELINE><BODY>Oper shr loss 20 cts vs loss 63 cts
+    Oper net loss 439,000 vs loss 1,347,000
+    Sales 6,303,000 vs 5,062,000
+    Six mths
+    Oper shr loss 43 cts vs loss 1.02 dlrs
+    Oper net loss 934,000 vs loss 2,333,000
+    Sales 12.1 mln vs 9,878,000
+    Note: oper data does not include 1986 losses from
+discontinued operations of 60,000 dlrs, or three cts per shr,
+in qtr and 151,000 dlrs, or seven cts per shr, in six mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="968" NEWID="16433">
+<DATE>13-APR-1987 12:24:13.49</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>canada</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1699&#31;reute
+u f BC-JAPANESE-CRUSHERS-BUY   04-13 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE CRUSHERS BUY CANADIAN RAPESEEED</TITLE>
+<DATELINE>    WINNIPEG, April 13 - </DATELINE><BODY>Japanese crushers bought 3,000 to
+4,000 tonnes of Canadian rapeseed in export business overnight
+for last half May/first half June shipment, trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="969" NEWID="16434">
+<DATE>13-APR-1987 12:24:27.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f1700&#31;reute
+r f BC-IRVING-BANK-&lt;V>-1ST-Q   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRVING BANK &lt;V> 1ST-QTR NET HURT BY BRAZIL</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Irving Bank Corp said a six pct drop
+in first-quarter net income from a year earlier was largely the
+result of placing medium- and long-term loans to borrowers in
+Brazil and Ecuador on non-accrual status.
+    Income in the first three months fell to 28.60 mln dlrs
+from 30.43 mln in the same 1986 period. Earnings per share
+dropped to 1.51 dlrs from 1.62.
+    Irving put 215 mln dlrs of Brazilian and 33 mln dlrs of
+Ecuadorean loans on non-accrual, reducing first-quarter net
+income by a total of 4.4 mln dlrs after tax.
+    Irving estimates full year net would be reduced by 15.3 mln
+dlrs after tax if no cash interest payments are received on
+these loans during the remainder of 1987.
+    Also adversely affecting earnings were losses on the
+trading of securities and higher non-interest expenses,
+although these were partly offset by increased trust income,
+profits from foreign exchange trading and investment securities
+gains, the bank said.
+    The allowance for loan losses was 224.8 mln dlrs, up from
+185.2 mln a year earlier. The provision for loan losses was
+21.8 mln versus 19.5 mln in the first quarter of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="970" NEWID="16435">
+<DATE>13-APR-1987 12:24:47.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1701&#31;reute
+r f BC-ALZA-&lt;AZA>-PLANS-DEBE   04-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALZA &lt;AZA> PLANS DEBENTURE OFFERING</TITLE>
+<DATELINE>    PALO ALTO, Calif., April 13 - </DATELINE><BODY>Alza Corp said it plans to
+make an offering in Europe of 75 mln dlrs principal amount of
+15-year convertible subordinated debentures.
+    The company said it expects the annual coupon rate of the
+bonds to be between 5-1/2 pct and 5-3/4 pct.
+    It said the bonds will be convertible into Alza common
+stock at an expected premium of between 17 and 22 pct of the
+share price on the pricing date.
+    Alza also said it expects the debentures will be listed on
+the Luxembourg Stock Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="971" NEWID="16436">
+<DATE>13-APR-1987 12:25:30.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1705&#31;reute
+u f BC-MORGAN-STANLEY-ISSUES   04-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN STANLEY ISSUES WARRANTS INTO JAPANESE FIRM</TITLE>
+<DATELINE>    ZURICH, April 13 - </DATELINE><BODY>Morgan Stanley (Jersey) Ltd is issuing
+45,000 covered equity warrants exercisable into shares of Japan
+Synthetic Rubber Co Ltd at an issue price of 212 Swiss francs
+per warrant, lead manager Morgan Stanley SA said.
+    The initial exercise price is 494 yen per share and final
+maturity is February 4, 1992. The issue price represents a
+premium of 6.57 pct over the stock's closing price of 653 yen.
+    Each warrant is exercisable into 100 shares of common stock
+of Japan Synthetic Rubber.
+    The exercise period is June 5, 1987 to February 4, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="972" NEWID="16437">
+<DATE>13-APR-1987 12:26:12.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1711&#31;reute
+r f BC-ALLEGHENY/WESTERN-ENE   04-13 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY/WESTERN ENERGY &lt;ALGH.O> UPS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Qtly div 7-1/2 cts vs six cts prior
+    Pay June 3
+    Record May 15
+    NOTE: Full name Allegheny and Western Energy Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="973" NEWID="16438">
+<DATE>13-APR-1987 12:26:24.17</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1712&#31;reute
+r f BC-STANDARD-&lt;SRD>,MOBIL   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD &lt;SRD>,MOBIL &lt;MOB>PLAN OFFSHORE PLATFORM</TITLE>
+<DATELINE>    HOUSTON, April 13 - </DATELINE><BODY>Standard Oil Co said a contract has
+been awarded to &lt;CBS Engineering Inc> for a drilling and
+production platform to be installed in Ewing Bank Block 826 in
+the Gulf of Mexico where Standard and Mobil Corp each own a 40
+pct interest.
+    Standard said its Standard Oil Production Co subsidiary
+will operate the platform which is being designed to produce
+15,000 barrels of oil and 50 mln cubic feet of gas daily. The
+platform is now expected to be installed in the summer of 1988.
+Other owners are Kerr-McGee Corp &lt;KMG> with 16.66 pct and
+&lt;Prudential Insurance Co of America> with  3.34 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="974" NEWID="16439">
+<DATE>13-APR-1987 12:28:36.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f1717&#31;reute
+f f BC-******MOODY'S-DOWNGRA   04-13 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S DOWNGRADES TEXACO'S 8.2 BILLION DLRS OF DEBT TO 'CAA'
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="975" NEWID="16440">
+<DATE>13-APR-1987 12:29:05.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1719&#31;reute
+f f BC-******UNITED-TELECOMM   04-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNITED TELECOMMUNICATIONS INC 1ST QTR SHR 13 CTS VS 47 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="976" NEWID="16441">
+<DATE>13-APR-1987 12:30:00.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1724&#31;reute
+d f BC-&lt;COAST-R.V.-INC>-1ST   04-13 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;COAST R.V. INC> 1ST QTR NET</TITLE>
+<DATELINE>    SAN JOSE, Calif., April 13 -
+    </DATELINE><BODY>Shr profit one ct vs loss 28 cts
+    Net profit 23,000 vs loss 725,000
+    Sales 20.6 mln vs 18.5 mln
+    Avg shrs 3,959,011 vs 2,608,571
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="977" NEWID="16442">
+<DATE>13-APR-1987 12:31:50.36</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN>&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1734&#31;reute
+u f BC-U.S.-FEBRUARY-TRADE-T   04-13 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FEBRUARY TRADE TO BE REPORTED ON NEW BASIS</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The February monthly merchandise
+trade figures to be reported Tuesday by the Commerce Department
+will be on a new basis reflecting more recent data, so avoiding
+future revisions of the monthly figure, Commerce officials
+said.
+    The overall January deficit of 14.8 billion dlrs will be
+revised, but the February figure will be a final one, officials
+said.
+    Previously, the initial monthly figure has had to be
+revised in subsequent months because of the time lag between
+the report and the compiling of final estimates on imports and
+exports.
+    The reporting of the February trade data was delayed
+several weeks to permit gathering latest figures on imports and
+exports to give a clearer picture of the monthly trade balance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="978" NEWID="16443">
+<DATE>13-APR-1987 12:32:33.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1738&#31;reute
+b f BC-/REVLON-&lt;REV>-AND-MAC   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REVLON &lt;REV> AND MACANDREWS AND FORBES TO MERGE</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>&lt;MacAndrews and Forbes Group> and
+Revlon Group Inc &lt;REV> said that they have entered into a
+definitive mergewr agreement where MacAndrews will acquire
+Revlon at 20.10 dlrs per common share in cash.
+    MacAndrews said it increased its offer to purchase all
+Revlon common shares to 20.10 dlrs a share, from its April 1
+offer of 18.50 dlrs a share.
+    Following consummation of the offer, a unit of MacAndrews
+will merge into Revlon and each remaining share will be
+converted into the right to receive 20.10 dlrs per share in
+cash, the companies said.
+    Revlon said its board of directors unanimously approved the
+merger agreement.
+    MacAndrews and Revlon also said they have reached a
+settlement with the plaintiff in the pending litigation
+challenging acquisition of the shares by MacAnrews.
+    The companies said the tender offer and withdrawal rights
+will expireon Tuesday April 28, unless extended.
+    MacAndrews said it will promptly file revised tender offer
+material with the Securities and Exchange Commission. Drexel
+Burnham Lambert Inc is acting as dealer-manager for the offer,
+the companies said.
+    Revlon currently has about 42 mln shares outstanding. The
+current offer price is about 782 mln dlrs, a company spokesman
+said, up from the previous offer of 720 mln dlrs.
+    On April 1, MacAndrews and Forbes, owned by Ronald
+Perelman, offered 18.50 dlrs a share for the 63 pct of Revlon
+shares he did not already own.
+    Since the offer was made over a dozen shareholder lawsuits
+were brought against Revlon alleging the original offer was too
+low.
+    But, the companies said these lawsuits have been settled in
+the amended offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="979" NEWID="16444">
+<DATE>13-APR-1987 12:34:38.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1753&#31;reute
+u f BC-INTERMAGNETICS   04-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAL ESTATE FIRM CUTS INTERMAGNETICS&lt;INMA> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Roland International Corp, a Coconut
+Grove, Fla., real estate development company, said it cut its
+stake in Intermagnetics General Corp to 308,400 shares, or 4.8
+pct of the total outstanding, from 358,400 shares, or 5.6 pct.
+    In a filing with the Securities and Exchange Commission,
+Roland said it sold 50,000 shares on Feb 4 at 5.13 dlrs each.
+    As long as Roland's stake in Intermagnetics General is
+below five pct, it is not required to report any further
+dealings in the company's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="980" NEWID="16445">
+<DATE>13-APR-1987 12:35:39.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1757&#31;reute
+r f BC-DATA-TECHNOLOGY-SETS   04-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA TECHNOLOGY SETS INITIAL STOCK OFFERING</TITLE>
+<DATELINE>    SANTA CLARA, Calif., April 13 - </DATELINE><BODY>Data Technology Corp said
+it registered with the Securities and Exchange Commission to
+make an initial public offering of 1,700,000 shares of common
+stock.
+    It said all the shares will be offered by the company at an
+anticipated price of between eight and ten dlrs per share.
+    The offering will be managed by Hambrecht and Quist Inc and
+Smith Barney, Harris Upham and Co Inc.
+    Data Technology designs, develops and markets intelligent
+storage controllers and chips sets, primarily for use in
+IBM-compatible personal computers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="981" NEWID="16446">
+<DATE>13-APR-1987 12:36:04.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>east-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1759&#31;reute
+r f BC-DHL-WORLDWIDE-EXPRESS   04-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DHL WORLDWIDE EXPRESS BROADENS NETWORK</TITLE>
+<DATELINE>    REDWOOD CITY, Calif., April 13 - </DATELINE><BODY>&lt;DHL Worldwide Express>
+added 35 overseas and 10 domestic service centers to its
+delivery network.
+    The private air express company said one of the additions
+includes the German Democratic Republic (East Germany),
+bringing to eight the number of Eastern Bloc countries it
+serves.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="982" NEWID="16447">
+<DATE>13-APR-1987 12:36:17.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1760&#31;reute
+r f BC-USG-&lt;USG>-TO-ASK-INCR   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USG &lt;USG> TO ASK INCREASE IN AUTHORIZED SHARES</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>USG Corp in a proxy for its May 13
+annual meeting said it will ask shareholders to increase the
+authorized common shares to 300 mln from 100 mln and the
+preferred shares to 36 mln from 12 mln.
+    The company said it there were insufficient shares
+available for a two-for-one stock split, although it said there
+were no plans to take such action.
+    It said the availability of additional shares could
+discourage an attempt to obtain control of the company. But USG
+said it is unaware of any pending takeover attempt.
+    As of April 1, 1987, USG said there were 51,128,191 shares
+of its common stock outstanding. It said 784,350 shares were
+reserved for issuance under various stock option plans.
+    Of the 12 mln authorized shares of preferred stock, it said
+124,641 shares of 1.80 dlrs Convertible Preferred Stock was
+issued and outstanding and an additional 6,800,000 shares were
+reserved for issuance as Junior Participating Preferred Stock,
+Series A, 1.00 dlr par value a share.
+    USG also said shareholders will be asked to approve an
+amendment to its restated certificate of incorporation that
+includes staggered election of directors and the requirement of
+an 80 pct vote on certain mergers and asset sales or leases.
+    The company also is asking shareholders to approve an
+amendment limiting the liability of directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="983" NEWID="16448">
+<DATE>13-APR-1987 12:36:21.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1761&#31;reute
+r f BC-FIRST-COMMERCE-CORP-&lt;   04-13 0020</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST COMMERCE CORP &lt;FCOM> 1ST QTR NET</TITLE>
+<DATELINE>    NEW ORLEANS, April 13 -
+    </DATELINE><BODY>Shr 40 cts vs 31 cts
+    Net 5,151,000 vs 4,078,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="984" NEWID="16449">
+<DATE>13-APR-1987 12:36:32.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1762&#31;reute
+r f BC-DATAPRODUCTS-&lt;DPC>-TO   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATAPRODUCTS &lt;DPC> TO BUY IMAGING SOLUTIONS</TITLE>
+<DATELINE>    WOODLAND HILLS, Calif., April 13 - </DATELINE><BODY>Dataproducts Corp said
+it signed a letter of intent to acquire the Imaging Solutions
+Inc unit of Reliance Electric Co under undisclosed terms.
+    This acquisition will give it all rights to proprietary
+solid and liquid ink technologies which had been developed by a
+joint venture operated by it and Exxon Corp &lt;XON>, Dataproducts
+said.
+    It said Imaging Solutions, formerly named Exxon Printing
+Systems Inc, had been a Reliance Electric Co subsidiary.
+    But Reliance recently became an independent company as the
+result of a leveraged buyout from its former owner, Exxon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="985" NEWID="16450">
+<DATE>13-APR-1987 12:36:50.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1764&#31;reute
+r f BC-JANNOCK-&lt;JN.TO>-ACQUI   04-13 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JANNOCK &lt;JN.TO> ACQUIRES HALF-STAKE IN PRINTER</TITLE>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>Jannock Ltd said its Jannock Imaging Co
+Ltd unit acquired a 50 pct stake in Arthurs-Jones Lithographing
+Ltd, of Toronto, for undisclosed terms.
+    It said the acquisition would lift Jannock Imaging revenues
+to 50 mln dlrs this year. It did not specify Arthurs-Jones'
+1986 revenues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="986" NEWID="16451">
+<DATE>13-APR-1987 12:36:57.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1765&#31;reute
+r f BC-PRESIDENTIAL-AIRWAYS   04-13 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDENTIAL AIRWAYS &lt;PAIR.O> UNIT ADDS SERVICE</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Presidential Airways said its
+Continental Jet Express will begin daily non-stop service
+between Dulles International Airport here and Akron/Canton,
+Ohio, and the Lexington/Frankfort area of Kentucky.
+    Presidential reiterated its marketing agreement with Texas
+Air Corp's &lt;TEX> Continental Airlines on Jan 12 which calls for
+Presidential to do business as Continental Jet Express.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="987" NEWID="16452">
+<DATE>13-APR-1987 12:37:06.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1766&#31;reute
+r f BC-NORTHERN-TRUST-&lt;NTRS.   04-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN TRUST &lt;NTRS.O> FILES SHELF</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>Northern Trust Corp said it filed with
+the Securities and Exchange Commission to offer up to 150 mln
+dlrs of debt securities.
+    The company said it may sell the securities through
+underwriters, who may include Goldman Sachs and Co, or directly
+to other purchasers.
+    Proceeds will be used for general purposes, which may
+include possible acquisitions, refunding outstanding securities
+and repaying short-term debt, the bank holding company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="988" NEWID="16453">
+<DATE>13-APR-1987 12:37:24.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1769&#31;reute
+r f BC-NORTHERN-TRUST-&lt;NRTS>   04-13 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN TRUST &lt;NRTS> FILES FOR SHELF DEBT</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Northern Trust Corp said it filed with
+the Securities and Exchange Commission a shelf registration
+statement covering up to 150 mln dlrs of debt.
+    Proceeds will be used for possible future acquisitions, the
+repayment of outstanding debt and general corporate purposes.
+    The company said Goldman, Sachs and Co may underwrite the
+deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="989" NEWID="16454">
+<DATE>13-APR-1987 12:37:32.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1770&#31;reute
+r f BC-MARK-IV-INDUSTRIES-IN   04-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARK IV INDUSTRIES INC &lt;IV> 4TH QTR FEB 28 NET</TITLE>
+<DATELINE>    WEST AMHERST, N.Y., April 13 -
+    </DATELINE><BODY>Shr 30 cts vs 17 cts
+    Net 2,526,000 vs 1,452,000
+    Revs 71.9 mln vs 25.2 mln
+    Year
+    Shr 1.20 dlrs vs 68 cts
+    Net 10.2 mln vs 4,738,000
+    Revs 291.5 mln vs 83.0 mln
+    Avg shrs 8,511,000 vs 6,983,000
+    NOTE: Current periods include gain of 299,000 dlrs in qtr
+and 1.2 mln dlrs in year from changes in pension accounting.
+    Year-ago shr figures restated for 3-for-2 splits paid June
+1986 and January 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="990" NEWID="16455">
+<DATE>13-APR-1987 12:37:50.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1771&#31;reute
+r f BC-PACIFIC-NUCLEAR-SYSTE   04-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC NUCLEAR SYSTEMS &lt;PACN.O> WINS CONTRACT</TITLE>
+<DATELINE>    FEDERAL WAY, Wash., April 13 - </DATELINE><BODY>Pacific Nuclear Systems Inc
+said its Nuclear Packaging Inc unit won a contract with the
+U.S. Department of Energy worth up to 2.3 mln dlrs.
+    The company said the initial phase of the contract was
+awarded for 1.2 mln dlrs, with an optional second phase for 1.1
+mln dlrs.
+    Under the pact, Pacific Nuclear will design, license and
+fabricate two truck casks and trailers for defense program
+wastes.
+    The contract wil begin immediately, with the first cask
+delivery planned for May, 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="991" NEWID="16456">
+<DATE>13-APR-1987 12:38:05.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1773&#31;reute
+r f BC-AEQUITRON-&lt;AQTN>-WRON   04-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEQUITRON &lt;AQTN> WRONGFUL DEATH SUIT DISMISSED</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., April 13 - </DATELINE><BODY>Aequitron Medical Inc said
+that a wrongful death suit in which the company was named as a
+defendant has been voluntarily dismissed with prejudice by the
+plaintiffs.
+    The suit, asking one mln dlrs in damages, was originally
+filed in U.S. district court in Atlanta in August 1986, it
+said. It alleged that the defective performance of an Aequitron
+respiration and heart rate monitor resulted in the death of an
+infant in October 1985.
+    Under terms of the settlement, the plaintiffs released
+their rights to any further legal proceedings against
+Aequitron, it said.
+    In return, Aequitron said it agreed to release the
+plaintiffs from any claims for costs or attorneys fees.
+    "The dismissal with prejudice, and the plaintiffs'
+retraction of all claims against Aequitron, support our
+original contention that this suit was without merit," the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="992" NEWID="16457">
+<DATE>13-APR-1987 12:38:28.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1776&#31;reute
+d f BC-electrohome-&lt;el.x.to>   04-13 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROHOME &lt;EL.X.TO> TO SELL UNIT</TITLE>
+<DATELINE>    Kitchener, Ontario, April 13 - </DATELINE><BODY>Electrohome Ltd said it
+agreed to sell certain assets of the computer service sector of
+its AABEX service division to Canadian General Electric Co Ltd
+&lt;CGE.TO>.
+    Terms were not disclosed. The closing date is expected to
+be May 1, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="993" NEWID="16458">
+<DATE>13-APR-1987 12:38:41.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1777&#31;reute
+d f BC-SALICK-HEALTH-CARE-IN   04-13 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALICK HEALTH CARE INC &lt;SHCI.O> 2ND QTR NET</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., April 13 - </DATELINE><BODY>Period ended February 28.
+    Shr 14 cts vs 10 cts
+    Net 741,000 vs 510,000
+    Revs 5,980,000 vs 4,836,000
+    Six Mths
+    Shr 29 cts vs 20 cts
+    Net 1,556,000 vs 1,080,000
+    Revs 12.2 mln vs 9,214,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="994" NEWID="16459">
+<DATE>13-APR-1987 12:38:51.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1778&#31;reute
+d f BC-LASER-PHOTONICS-INC-&lt;   04-13 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LASER PHOTONICS INC &lt;LAZR.O> CLOSES SALE</TITLE>
+<DATELINE>    ORLANDO, Fla, April 13 - </DATELINE><BODY>Laser Photonics Inc said it
+completed a previously announced sale of 615,385 shares, or 18
+pct, of its common stock to a group of investors for one mln
+dlrs.
+    A 400,000 dlrs loan made by the investors was repaid out of
+the proceeds, it said.
+    It also said it restructured its board to include three
+members designated by the investors, including Pierre
+Schoenheimer, Roger Kirk and Leonard Lichter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="995" NEWID="16460">
+<DATE>13-APR-1987 12:39:03.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1779&#31;reute
+d f BC-AMSOUTH-BANCORP-&lt;ASO>   04-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMSOUTH BANCORP &lt;ASO> SETS EXCHANGE RATIO</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., April 13 - </DATELINE><BODY>AmSouth Bancorp said it will
+issue about 3,166,000 shares of stock to acquire First
+Tuskaloosa Corp.
+    Under a previously announced merger agreement, Amsouth
+offered 66 dlrs a share in Amsouth stock for First Tuskaloosa.
+    The company said First Tuskaloosa shareholders will receive
+1.978825 shares of Amsouth stock for each First Tuskaloosa
+share held when the merger is effected April 17.
+    First Tuskaloosa has assets of more than 425 mln dlrs.
+Amsouth's assets are about six billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="996" NEWID="16461">
+<DATE>13-APR-1987 12:39:08.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1780&#31;reute
+d f BC-VOPLEX-CORP-&lt;VOT>-1ST   04-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOPLEX CORP &lt;VOT> 1ST QTR MAR 31</TITLE>
+<DATELINE>    PITTSFORD, N.Y., April 13 -
+    </DATELINE><BODY>Shr 25 cts vs 23 cts
+    Net 670,105 vs 599,107
+    Revs 21.4 mln vs 20.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="997" NEWID="16462">
+<DATE>13-APR-1987 12:39:23.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1782&#31;reute
+d f BC-ROYAL-PALM-SAVINGS-&lt;R   04-13 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL PALM SAVINGS &lt;RPAL.O> NAMES PRESIDENT</TITLE>
+<DATELINE>    WEST PALM BEACH, Fla, April 13 - </DATELINE><BODY>Royal Palm Savings said it
+named Joseph Burgoon as president, a position which has been
+vacant since Jay Rosen left it in December 1985 to pursue other
+business ventures.
+    Burgoon most recently served as executive vice president
+and chief operating officer of Cardinal Federal Savings Bank of
+Cleveland.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="998" NEWID="16463">
+<DATE>13-APR-1987 12:39:28.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1783&#31;reute
+d f BC-HADSON-CORP-&lt;HADS.O>   04-13 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HADSON CORP &lt;HADS.O> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    OKLAHOMA CITY, Okla., April 13 - </DATELINE><BODY>Hadson Corp said it
+completed the acquisition of 85 pct of the Seaxe Energy Corp's
+&lt;SEAX.O> common stock for 182,415 shares of Hadson's stock.
+    Seaxe is engaged in international oil and gas exploration
+and development primarily in the Paris basin of France.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="999" NEWID="16464">
+<DATE>13-APR-1987 12:39:33.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1784&#31;reute
+d f BC-HUGH-KEITH-&lt;HKME.O>-C   04-13 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGH KEITH &lt;HKME.O> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    HALLANDALE, Fla., April 13 - </DATELINE><BODY>Hugh Keith Mobile Enterprises
+Ltd said it completed the acquisition of 59 acres of land
+adjacent to its mobile home park near Stuart, Fla., for 850,000
+dlrs in cash and notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1000" NEWID="16465">
+<DATE>13-APR-1987 12:39:39.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1785&#31;reute
+d f BC-ARRAYS-&lt;ARAY>-COMPLET   04-13 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARRAYS &lt;ARAY> COMPLETES MERGER</TITLE>
+<DATELINE>    VAN NUYS, Calif., April 13 - </DATELINE><BODY>Arrays Inc said it completed
+its merger with Haba Systems Inc.
+    Terms of the merger called for each share of Arrays to be
+exchange for a share of Haba in a transaction valued at 4.1 mln
+dlrs, the company said.
+    Both companies produce and market microcomputer software.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1001" NEWID="16466">
+<DATE>13-APR-1987 12:39:49.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1786&#31;reute
+d f BC-CONSUL-&lt;CNSL.O>-EXTEN   04-13 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUL &lt;CNSL.O> EXTENDS EXCHANGE DEADLINE</TITLE>
+<DATELINE>    MINNEAPOLIS, April 13 - </DATELINE><BODY>Consul Restaurant Corp said it
+extended the deadline of its exchange offer for its 13 pct
+convertible debentures due 1992 to 1700 CDT April 24.
+    The offer originally was scheduled to expire April 13.
+    It said investor response to the offer has been favorable,
+but a higher exchange level is needed if the company is to meet
+its 90 pct acceptance level. On March 16 Consul offered to
+exchange each 1,000 dlr face value of bonds for 10 shares of
+preferred stock, convertible after Dec 1, 1987 into a total of
+500 shares of common stock. In addition, tendering and
+non-tendering investors will receive the bonds' May One
+interest payment in common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1002" NEWID="16467">
+<DATE>13-APR-1987 12:40:20.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1791&#31;reute
+a f BC-MICHAEL-FOODS-NAMES-P   04-13 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICHAEL FOODS NAMES PRESIDENT</TITLE>
+<DATELINE>    MINNEAPOLIS, April 13 - </DATELINE><BODY>Michael Foods Inc, a newly formed
+multi-regional food processing and distribution company, said
+it named Richard Olson as president and chief executive
+officer.
+    Olson, a former vice president of food service for
+Pillsbury Co &lt;PSY>, most recently was president of Fil-Mor
+Express Inc, a transportation company.
+    Michael Foods' three subsidiaries in 1986 had combined
+sales of 153.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1003" NEWID="16468">
+<DATE>13-APR-1987 12:40:31.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1794&#31;reute
+s f BC-FRANKLIN-MASSACHUSETT   04-13 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN MASSACHUSETTS SETS MONTHLY PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 13 -
+    </DATELINE><BODY>Mthly div 6.5 cts vs 6.5 cts prior
+    Pay April 30
+    Reord April 15
+    NOTE: Franklin Massachusetts Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1004" NEWID="16469">
+<DATE>13-APR-1987 12:40:35.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1795&#31;reute
+s f BC-FRANKLIN-MINNESOTA-SE   04-13 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN MINNESOTA SETS MONTHLY PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 13 -
+    </DATELINE><BODY>Mthly div 6.6 cts vs 6.6 cts prior
+    Pay April 30
+    Reord April 15
+    NOTE: Franklin Minnesota Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1005" NEWID="16470">
+<DATE>13-APR-1987 12:40:39.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1796&#31;reute
+s f BC-FRANKLIN-INSURED-SETS   04-13 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN INSURED SETS MONTHLY PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 13 -
+    </DATELINE><BODY>Mthly div 7.1 cts vs 7.1 cts prior
+    Pay April 30
+    Reord April 15
+    NOTE: Franklin Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1006" NEWID="16471">
+<DATE>13-APR-1987 12:40:42.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1797&#31;reute
+s f BC-FRANKLIN-OHIO-SETS-MO   04-13 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN OHIO SETS MONTHLY PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 13 -
+    </DATELINE><BODY>Mthly div 6.1 cts vs 6.1 cts prior
+    Pay April 30
+    Reord April 15
+    NOTE: Franklin Ohio Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1007" NEWID="16472">
+<DATE>13-APR-1987 12:40:47.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1798&#31;reute
+s f BC-FRANKLIN-PUERTO-RICO   04-13 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN PUERTO RICO SETS MONTHLY PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 13 -
+    </DATELINE><BODY>Mthly div 7.1 cts vs 7.1 cts prior
+    Pay April 30
+    Reord April 15
+    NOTE: Franklin Puerto Rico Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1008" NEWID="16473">
+<DATE>13-APR-1987 12:40:51.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1799&#31;reute
+s f BC-FRANKLIN-CALIFORNIA-S   04-13 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN CALIFORNIA SETS MONTHLY PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 13 -
+    </DATELINE><BODY>Mthly div 6.5 cts vs 6.5 cts prior
+    Pay April 30
+    Reord April 15
+    NOTE: Franklin California Insured Tax-Free Income Fund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1009" NEWID="16474">
+<DATE>13-APR-1987 12:42:20.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1804&#31;reute
+b f BC-BANK-OF-ENGLAND-TO-MO   04-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND TO MONITOR WHEN-ISSUED TRADING</TITLE>
+<DATELINE>    London, April 13 - </DATELINE><BODY>The Bank of England will step up
+reporting requirements for primary dealers in U.K. Government
+gilts during the when-issued trading period in between the date
+an auction is announced and the date the sale is actually held.
+    In its document on the auctions, the Bank said "The Bank is
+content for such (when-issued) trading to cevelop subject to
+certain conditions, in particular for predential supervision of
+the credit risk to which the gilt-edged market makers and
+Inter-dealer brokers may become exposed."
+    The Bank is widely expected to require dealers to report
+wehn-issued trading positions on a daily basis.
+    When-issued trading presents certain unusual risks because
+dealers are buying and selling a security that technically does
+not exist although there is no uncertainty about when it will
+be issued.
+    Still, the fact there is no physical delivery possible
+presents certain credit risks as well.
+    The Bank is widely expected to expand its reporting
+requiremenmts for unsettled trades, requiring firms to report
+unsettled when-issued trades one day after they occur.
+Normally, unsettled trades must be reported three days after
+they occur.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1010" NEWID="16475">
+<DATE>13-APR-1987 12:43:38.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f1808&#31;reute
+u f BC-CANADA-STOCKS/DOME-PE   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA STOCKS/DOME PETROLEUM LTD &lt;DMP></TITLE>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>Dome Petroleum Ltd shares moved higher
+in the U.S. and Canada after TransCanada PipeLines Ltd &lt;TRP>
+made a 4.3 billion Canadian dlr bid for Dome and Dome said it
+is in talks with two other unidentified companies.
+    Market speculation is that the other two potential bidders
+are not Canadian companies and DuPont's &lt;DD> Conoco and
+Atlantic Richfield Co &lt;ARC> are mentioned as possibilities,
+Wilf Gobert of Peters and Co Ltd said.
+    Dome rose 1/4 to 1-1/8 on the American Stock Exchange.
+TransCanada PipeLines was down 1/4 at 15-3/4 on the New York
+Stock Exchange.
+    Dome was the most active stock on the Toronto exchange at
+1.50 dlrs per share, up 37 cts.
+    Gobert characterized the market action in Dome as "awfully
+optimistic" but said investors are hoping for a competing offer
+to the shareholders.
+    TransCanada PipeLines' offer is to Dome management, not to
+shareholders. However, it proposes issuing new equity in a
+subsidiary that would operate Dome assets. Current Dome
+shareholders would own 20 pct of the new subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1011" NEWID="16476">
+<DATE>13-APR-1987 12:44:55.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1813&#31;reute
+u f BC-UNITED-TELECOMMUNICAT   04-13 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TELECOMMUNICATIONS INC &lt;UT> 1ST QTR NET</TITLE>
+<DATELINE>    KANSAS CITY, MO., April 13 -
+    </DATELINE><BODY>Shr 13 cts vs 47 cts
+    Net 13,492,000 vs 46,417,000
+    Revs 720.2 mln vs 793.6 mln
+    Avg shrs 99,085,000 vs 96,804,000
+    NOTE: Per-share results reflect payment of preferred
+dividend requirements
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1012" NEWID="16477">
+<DATE>13-APR-1987 12:45:59.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1818&#31;reute
+u f BC-HOECHST   04-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOECHST PLANS OFFERING TO FINANCE MERGER DEBT</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Hoechst Celanese Corp, a recently
+formed subsidiary of Hoechst AG of Frankfurt, West Germany,
+filed with the Securities and Exchange Commission for a 500 mln
+dlr debt offering to repay part of its merger debt.
+    Hoechst, which acquired Celanese Corp on Feb 27, said it
+plans to offer 200 mln dlrs of notes due 1997 and 300 mln dlrs
+of debentures due 2017 to repay part of the debt incurred in
+the takeover.
+    A group led by First Boston Corp will underwrite the
+offering, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1013" NEWID="16478">
+<DATE>13-APR-1987 12:48:39.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1829&#31;reute
+r f BC-FIRST-PENNSYLVANIA-CO   04-13 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST PENNSYLVANIA CORP &lt;FPA> 1ST QTR NET</TITLE>
+<DATELINE>    PHILADELPHIA, April 13 -
+    </DATELINE><BODY>Shr 15 cts vs 13 cts
+    Net 8,753,000 vs 7,804,000
+    Avg shrs 32.6 mln vs 23.2 mln
+    NOTE: Includes gains of 4.1 mln dlrs or 12 cts vs 3.3 mln
+dlrs or 15 cts from tax loss carryforwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1014" NEWID="16479">
+<DATE>13-APR-1987 12:49:05.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1830&#31;reute
+r f BC-&lt;CLARK-COPY-INTERNATI   04-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CLARK COPY INTERNATIONAL> BUYS W. GERMAN STAKE</TITLE>
+<DATELINE>    ELK GROVE VILLAGE, Ill., April 13 - </DATELINE><BODY>Clark Copy
+International Corp said it acquired a majority interest in
+Datagraph GMBH of Lich, West Germany.
+    The acquisition was made through Clark Copy's majority
+owned subsidiary Interactive Computer Aids of Norway.
+    No price was disclosed for the acquisition.
+    Clark Copy said worldwide sales for Datagraph, which makes
+color graphics workstations, were 10 mln dlrs for the year
+ended Dec. 31, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1015" NEWID="16480">
+<DATE>13-APR-1987 12:50:29.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1831&#31;reute
+r f BC-ENTRE-COMPUTER-CENTER   04-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTRE COMPUTER CENTERS INC&lt;ETRE.O> 2ND QTR LOSS</TITLE>
+<DATELINE>    VIENNA, Va., April 13 - </DATELINE><BODY>Ended Feb 28
+    Shr loss 29 cts vs profit 10 cts
+    Net loss 2,733,000 vs profit 911,000
+    Revs 21.5 mln vs 18.5 mln
+    Six mths
+    Shr loss 23 cts vs profit 26 cts
+    Net loss 2,154,000 vs profit 2,445,000
+    Revs 37.8 mln vs 37.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1016" NEWID="16481">
+<DATE>13-APR-1987 12:50:43.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1833&#31;reute
+u f BC-******GTE-CORP-1ST-QT   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE &lt;GTE> CITES LOSS OF SPRINT</TITLE>
+<DATELINE>    STAMFORD, Conn, April 13 - </DATELINE><BODY>GTE Corp said the decline in its
+first quarter net income reflects a 121 mln dlr loss from its
+50 pct share ownership of U.S. Sprint's operations.
+    This loss is an increase from the 60 mln dlrs loss reported
+on operations GTE owned a year ago quarter and prior to
+entering a joint venture with United Telecommunications &lt;UT> in
+July 1986. Under the joint venture, each company owns 50 pct of
+Sprint.
+    Earlier, the company reported net income declined to 265.0
+mln dlrs from 283.0 mln dlrs in the first quarter a year ago.
+    Theodore Brophy, chairman of GTE said, "we expect US
+Sprint's losses to diminish later this year as customer traffic
+migrates to the new fiber-optic network for long distance
+telecommunications.
+    The reason for the higher losses reflect lower prices as
+well as higher operating costs related, in part, to the
+fraudalent use of the network.
+    Operating income of its telephone operations, which account
+for 91 pct of the total, rose eight pct to 736.0 mln dlrs. 
+Revenues from telephone operations rose eight pct to 2.9
+billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1017" NEWID="16482">
+<DATE>13-APR-1987 12:51:55.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1838&#31;reute
+r f BC-PENN-PACIFIC-&lt;PPAC.O>   04-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENN PACIFIC &lt;PPAC.O> TO SELL DEBT OUTSIDE U.S.</TITLE>
+<DATELINE>    SANTA ANA, Calif., April 13 - </DATELINE><BODY>Penn Pacific Corp said it
+plans to place about two mln dlrs of convertible debentures
+with persons outside the U.S. through Euro Continental
+Securities.
+    The offering will not be registered within the U.S., the
+company said. It also said it is discussing placing additional
+convertible debentures with London-based financial
+institutions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1018" NEWID="16483">
+<DATE>13-APR-1987 12:52:23.12</DATE>
+<TOPICS><D>acq</D><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1839&#31;reute
+u f BC-GOODYEAR-&lt;GT>-TO-SELL   04-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODYEAR &lt;GT> TO SELL CELERON</TITLE>
+<DATELINE>    AKRON, Ohio, April 13 - </DATELINE><BODY>Goodyear Tire and Rubber Co said it
+expects to sell its Celeron Corp oil and gas subsidiary for
+about two billion dlrs in about two months.
+    After the company's annual meeting, Rober Mercer,
+Goodyear's chairman and chief executive officer, also said 
+Goodyear expects to report a profit of more than one dlr a
+share from continuing operations in the first quarter. In the
+same year-ago period, Goodyear reported a loss of 64 cents a
+share from continuing operations.
+    Mercer said about seven companies are interested in buying
+Celeron and they may form a consortium to buy the unit.
+    Celeron consists of oil and gas reserves and an almost
+complete pipeline linking drilling operations in Santa Barbara,
+Calif., to Texas refineries. Mercer said Celeron's reserves
+would not be sold separately from the pipeline.
+    Concerning speculation that two billion dlr price tag for
+Celeron was too high, Mercer said "There is no fire sale going
+on here and we can continue to keep Celeron as a profitable
+operation throughout the year."
+    Mercer said the expected 1st quarter operating profit was
+based on the new share total after Goodyear's share repurchase
+last year to fend off Sir James Goldsmith's hostile takeover
+bid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1019" NEWID="16484">
+<DATE>13-APR-1987 12:52:31.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1840&#31;reute
+d f BC-PROPOSED-OFFERINGS   04-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    Northern Trust Corp &lt;NTRS> - Shelf offering of up to 150
+mln dlrs of debt securities, including senior and subordinated
+securities, on terms to be determined at the time of the sale
+through Goldman, Sachs and Co.
+    GardenAmerica Corp &lt;GACO> - Secondary offering of 489,764
+shares of common stock through Montgomery Securities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1020" NEWID="16485">
+<DATE>13-APR-1987 12:53:02.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1842&#31;reute
+r f BC-BANKAMERICA-&lt;BAC>-NAM   04-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> NAMES NEW GROUP VICE CHAIRMAN</TITLE>
+<DATELINE>    SAN FRANCISCO, April 13 - </DATELINE><BODY>BankAmerica Corp said it named
+Richard Rosenberg as vice chairman and head of a newly
+designated California Banking Group.
+    Rosenberg had been president and chief operating officer of
+BankAmerica's Seafirst Corp. Seafirst Chairman Richard Cooley
+will resume the additional duties of president.
+    Rosenberg will report directly to BankAmerica Chairman A.W.
+Clausen. He will be responsible for BankAmerica's California
+banking activities and will serve on the bank's Managing
+Committee and on its Money and Loan Policy Committee.
+    BankAmerica said the creation of the California Banking
+Group is a refinement of what had been called the Retail Bank
+and is intended to improve the development and delivery of
+services and products in California.
+    BankAmerica President and Chief Operating Officer Thomas
+Cooper had been acting as head of California Operations
+previously.
+    BankAmerica said Cooper will continue to lead its
+aggressive cost reduction and operating improvements program.
+    Before joining Seafirst, Rosenberg had been vice chairman
+of Crocker National bank and before that of Wells Fargo Bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1021" NEWID="16486">
+<DATE>13-APR-1987 12:53:56.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1847&#31;reute
+r f BC-NEW-ENGLAND-SAVINGS-B   04-13 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ENGLAND SAVINGS BANK &lt;NESB> 1ST QTR NET</TITLE>
+<DATELINE>    NEW LONDON, Conn., April 13 -
+    </DATELINE><BODY>Shr 44 cts vs not given
+    Net 3,499,000 vs 2,295,000
+    NOTE: Converted to stock ownership Aug 1, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1022" NEWID="16487">
+<DATE>13-APR-1987 12:55:12.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1853&#31;reute
+r f BC-AMERICAN-NATIONAL-COR   04-13 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN NATIONAL CORP &lt;FNB> 1ST QTR NET</TITLE>
+<DATELINE>    CHICAGO, April 13 -
+    </DATELINE><BODY>Net 12.8 mln vs 12.2 mln
+    Loans 2.8 billion vs 2.5 billion
+    Deposits 3.2 billion vs 2.9 billion
+    Assets 4.5 billion vs 3.8 billion
+    NOTE: American National Corp is a wholly-owned subsidiary
+of First Chicago Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1023" NEWID="16488">
+<DATE>13-APR-1987 12:55:47.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1857&#31;reute
+h f BC-AB-ASTRA-SHARE-SPLIT   04-13 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AB ASTRA SHARE SPLIT TO WIDEN FOREIGN OWNERSHIP</TITLE>
+<DATELINE>    STOCKHOLM, April 13 - </DATELINE><BODY>AB Astra &lt;ASTS.ST> said it was
+proposing a two-for-one share split and the issue in June of a
+new series of foreign-targeted shares with lower voting rights
+as part of a strategy to internationalise the company.
+    The deal, which requires Swedish government approval, will
+raise the percentage of foreign voting rights allowed in the
+medical group to 22.5 pct from 20 pct, Astra said.
+    An extraordinary meeting of Astra's board proposed the
+creation of B free shares open to foreign buyers with one tenth
+of a voting right per share. At present, Astra stock consists
+of one series of restricted shares and one of free shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1024" NEWID="16489">
+<DATE>13-APR-1987 12:56:12.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1860&#31;reute
+r f BC-CHAMBERS-DEVELOPMENT   04-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAMBERS DEVELOPMENT &lt;CDV> SIGNS PACT</TITLE>
+<DATELINE>    PITTSBURGH, April 13 - </DATELINE><BODY>Chambers Development Co Inc said it
+signed an easment and license agreement with the Passaic County
+Utilities Authority for the disposal of nonhazardous solid
+waste from Passaic County, N.J.
+    Chambers said it expects the agreement to generate 12 mln
+dlrs a year throughout its term.
+    The company said according to the agreement it will accept
+municipal waste generated in Passaic County for disposal until
+the county's planned waste-to-energy facility is operational
+within the next five years.
+    Chambers said it and the Passaic Authority also entered
+into agreements with &lt;Penpac Inc> who will transport the waste
+to Chambers' landfills.
+    The company said all agreements are sunbject to approval of
+the New Jersey Board of Public Utilities and the New Jersey
+Department of Environmental Protection.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1025" NEWID="16490">
+<DATE>13-APR-1987 12:58:50.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1870&#31;reute
+u f BC-CORRECTED-&lt;NATIONAL-W   04-13 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED-&lt;NATIONAL WESTMINSTER BANK USA>1ST QTR</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Net 17.7 mln vs 15.3 mln
+    NOTE: &lt;National Westminster Bank PLC> subsidiary.
+    Loan loss provision 13.8 mln vs 13.0 mln
+    Investment securities gains 2,003,000 dlrs vs 169,000 dlrs.
+    Figures in dollars.
+    Corrects name to subsidiary from parent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1026" NEWID="16491">
+<DATE>13-APR-1987 12:59:16.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1873&#31;reute
+r f BC-TURKEY-SEEN-UNLIKELY   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY SEEN UNLIKELY TO JOIN EC THIS CENTURY</TITLE>
+<DATELINE>    BRUSSELS, April 13 - </DATELINE><BODY>Turkey, which tomorrow will formally
+apply to join the European Community, faces major obstacles in
+its bid and is unlikely to become the bloc's 13th member before
+the year 2,000, EC officials said.
+    Turkey's move comes as no surprise, but some officials said
+the application from a relatively poor country with most of its
+territory in Asia rather than Europe was likely to spark a long
+process of soul-searching among the EC's current members about
+what kind of European Community they wanted in the long term.
+    Officials echoed the view of diplomats in Ankara that
+Turkey's move put the EC in the dilemma of wanting to make
+clear it values Ankara as an ally in the NATO alliance, but
+sees huge problems in accepting it as a fellow EC member.
+    They said industrialised Community members have tried to
+dissuade Turkey from making the long-discussed formal
+application until the EC had had more time to digest the
+accession of Spain and Portugal last year.
+    Several also feel Ankara and the EC should first fully
+implement a 23-year-old association agreement between them
+before Turkey becomes a full member.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1027" NEWID="16492">
+<DATE>13-APR-1987 12:59:37.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1875&#31;reute
+r f BC-THE-ONE-BANCORP-&lt;TONE   04-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE ONE BANCORP &lt;TONE> 1ST QTR NET</TITLE>
+<DATELINE>    PORTLAND, Me., April 13 -
+    </DATELINE><BODY>Shr 76 cts vs 51 cts
+    Net 5,952,000 vs 4,374,000
+    Avg shrs 7,837,511 vs 7,446,356
+    NOTE: Includes gains of 1.3 mln dlrs vs 239,000 dlrs from
+benefit of tax loss carryforwards.
+    Includes operations of Bank of Hartford, acquired Feb 23.
+    Year-ago shr figures reflect 2-for-1 split on April 15,
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1028" NEWID="16493">
+<DATE>13-APR-1987 12:59:55.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1876&#31;reute
+d f BC-NOR-QUEST-&lt;NQRLF>-MAK   04-13 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOR-QUEST &lt;NQRLF> MAKES BID FOR NORTHAIR &lt;NRM.TO></TITLE>
+<DATELINE>    NANAIMO, British Columbia, April 13 - </DATELINE><BODY>Nor-Quest Resources
+Inc said it will make a takeover offer to acquire all shares of
+Northair Mines Ltd on the basis of one Nor-Quest share plus one
+dlr for two shares of Northair.
+    Nor-Quest said it plans to bring Northair's Willa Mine in
+the Nelson area of British Columbia into production using
+Nor-Quest's recently acquired 1200-ton per day mill located in
+the area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1029" NEWID="16494">
+<DATE>13-APR-1987 13:00:15.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1877&#31;reute
+u f BC-MORGAN-STANLEY-ISSUES   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN STANLEY ISSUES WARRANTS INTO JAPANESE FIRM</TITLE>
+<DATELINE>    ZURICH, April 13 - </DATELINE><BODY>Morgan Stanley (Jersey) Ltd is issuing
+45,000 covered equity warrants exercisable into shares of Japan
+Synthetic Rubber Co Ltd at an issue price of 212 Swiss francs
+per warrant, lead manager Morgan Stanley SA said.
+    The initial exercise price is 494 yen per share and
+maturity is February 4, 1992. The issue price represents a
+premium of 6.57 pct over the stock's closing price of 653 yen.
+    Each warrant is exercisable into 100 shares of common stock
+of Japan Synthetic Rubber.
+    The exercise period is June 5, 1987 to February 4, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1030" NEWID="16495">
+<DATE>13-APR-1987 13:00:27.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1878&#31;reute
+r f BC-ARISTECH-&lt;ARS>-SAYS-1   04-13 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARISTECH &lt;ARS> SAYS 1ST QTR SHR ESTIMATE RIGHT</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Aristech Chemical Corp chairman and
+chief executive officer Thomas Marshall said analysts'
+estimates of its 1987 fiscal year earnings of 2.25 dlrs to 2.50
+dlrs per share are about right.
+    Addressing a gathering of analysts and institutional
+investors, Marshall also said that analysts' estimates of its
+first qtr earnings - 50 cts to 55 cts per share - were "in the
+ballpark."
+    Marshall said the full year estimates represent more than a
+32 pct increase over 1986's fiscal year net of 1.70 dlrs per
+share.
+    He also said the first quarter estimates were 70 pct higher
+than 1986's first quarter net of 29 cts per share.
+Marshall attributibuted the first quarter earnings growth to
+several factors, including sustained demand in Aristech's major
+domestic markets and continued growth in exports.
+    Aristech plans to spend approximately 200 mln dlrs over in
+capital investments over the next three years, Marshall added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1031" NEWID="16496">
+<DATE>13-APR-1987 13:01:58.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1887&#31;reute
+u f BC-UNITED-TELECOM-&lt;UT>-R   04-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TELECOM &lt;UT> REPORTS US SPRINT LOSS</TITLE>
+<DATELINE>    KANSAS CITY, MO., April 13 - </DATELINE><BODY>United Telecommunications Inc
+said its lower first quarter earnings included a loss of
+63,055,000 dlrs from its equity in US Sprint.
+    US Sprint was formed July 1, 1986, as a partnership which
+combined United Telecommunications' long distance voice and
+data operations with those of GTE Corp &lt;GTE>.
+    Earlier, United Telecommunications reported first-quarter
+earnings of 12.6 mln dlrs, or 13 cts a share compared to 46.4
+mln dlrs, or 47 cts a share a year ago. Revenues declined to
+720.2 mln dlrs from 793.6 mln dlrs.
+    United Telecommunications said the transition of US
+Sprint's nationwide fiberoptic network is proceeding ahead of
+schedule.
+    It said the transition to the fiber network from interim
+networks would not only reduce operating costs in the second
+half of 1987, but also assist in controlling unauthorized
+network use.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1032" NEWID="16497">
+<DATE>13-APR-1987 13:02:45.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1893&#31;reute
+u f BC-ITALY'S-BNL-SIGNS-ACC   04-13 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S BNL SIGNS ACCORD WITH TWO SOVIET BANKS</TITLE>
+<DATELINE>    ROME, April 13 - </DATELINE><BODY>State bank Banca Nazionale Del Lavoro,
+BNL, said it signed a joint venture accord with the Bank for
+Foreign Trade of the USSR and the State Bank of the USSR in the
+financial services field.
+    BNL said in a statement that the banks will provide a broad
+range of corporate finance services for joint Italian-Soviet
+industrial ventures. The bank said it is studying the formation
+of a jointly owned company with the Soviet banks.
+    Earlier today, state bank Banca Commerciale Italiana, BCI,
+said it and Mediocredito Centrale will sign a financial
+services joint venture with Soviet banks Gosbank and
+Vneshtorgbank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1033" NEWID="16498">
+<DATE>13-APR-1987 13:03:40.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1901&#31;reute
+h f BC-APOLLO-COMPUTER-&lt;APCI   04-13 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APOLLO COMPUTER &lt;APCI.O> IN PACT WITH INFERENCE</TITLE>
+<DATELINE>    CHELMSFORD, Mass., April 13 - </DATELINE><BODY>Apollo Computer Inc said it
+has entered into a joint marketing agreement with &lt;Inference
+Corp> whereby Apollo will join with Inference to market
+Inference's Automated Reasoning Tool software on Apollo
+workstations.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1034" NEWID="16499">
+<DATE>13-APR-1987 13:05:47.28</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f1911&#31;reute
+d f BC-CANADA-APPROVES-U.S.   04-13 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA APPROVES U.S. GAS EXPORTS BY PROGAS</TITLE>
+<DATELINE>    OTTAWA, April 13 - </DATELINE><BODY>ProGas Ltd was issued an export licence
+to sell 10.3 billion cubic meters of natural gas to Ocean State
+Power Co of Burrillville, Rhode Island, the federal energy
+department said.
+    The sale, covering a 20 year period beginning May 1, 1989,
+was previously recommended by the National Energy Board.
+    Contract terms were not released.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1035" NEWID="16500">
+<DATE>13-APR-1987 13:12:00.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM Y
+&#22;&#22;&#1;f1927&#31;reute
+u f BC-TEXACO'S-&lt;TX>-DEBT-DO   04-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO'S &lt;TX> DEBT DOWNGRADED TO CAA BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Moody's Investors Services Inc said it
+downgraded about 8.2 billion dlrs of debt of Texaco Inc and its
+units.
+    Moody's cited Texaco's filing under Chapter 11 of the
+Bankruptcy Code on Sunday. The filing was made in the names of
+Texaco Inc, Texaco Capital Inc and Texaco Capital N.V., Moody's
+noted.
+    The ratings downgraded to Caa from Ba-1 included Texaco's
+senior unsecured debt, Texaco Capital Inc's and Texaco Capital
+N.V.'s senior unsecured debt and industrial revenue and
+pollution control bonds.
+    Moody's reduced to Caa from Ba-3 Texaco Capital N.V.'s
+convertible subordinated Eurodebentures. The agency said they
+also lowered to Caa from Ba-1 the ratings on Getty Oil Co's
+notes and Getty Oil International N.V.'s Eurobonds.
+    Pembroke Capital Co Inc's debt remains under review.
+    Moody's noted that Texaco guaranteed these debt issues when
+they were first brought to market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1036" NEWID="16501">
+<DATE>13-APR-1987 13:13:13.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1930&#31;reute
+u f BC-DOLLAR-STRAIGHT-BONDS   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR STRAIGHT BONDS END LOWER, TEXACO UNTRADED</TITLE>
+<AUTHOR>    By Christopher Pizzey, Reuters</AUTHOR>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>The dollar straight sector of the
+eurobond market ended lower after another nervous day's
+trading, with many operators keeping to the sidelines ahead of
+tomorrow's U.S. Trade figures for February, dealers said.
+Prices of longer dated issues ended 1/2 or 5/8 point lower,
+while short dates were 1/8 to 3/8 point easier.
+    Bonds for Texaco Inc units hardly traded during the day
+following the weekend news that the company filed for Chapter
+11 bankruptcy protection in another twist to its long running
+dispute with Pennzoil Co, dealers added.
+    The Chapter 11 filing means that Texaco will not be paying
+interest on its eurobonds. Dealers in the straight bonds noted
+that the market in them had been basis only for some time prior
+to the weekend's news. "It wasn't a true market, someone asked
+you a price and you just gave them an idea," one said.
+    However, the company's convertible bonds had been trading
+since the company's share price provided a benchmark to which
+dealers could establish a proper price level. The company has
+two actively traded convertibles outstanding, a 500 mln dlr
+bond due 1994 which pays 11-3/4 pct and a one billion dlr deal,
+also due 1994, paying 11-7/8 pct.
+    Traders even disagreed about last week's closing levels for
+the convertible bonds, but a median appeared to be around 97 to
+99 pct. Today, one trader said they were indicated initially at
+65 to 70 pct before ending at some 79 83 pct.
+    But he added, "That's only an idea. There's no real market
+today. I've dealt once during the day, I'm not going to say at
+what level." Other dealers were reluctant even to give an
+indication of the bonds' levels.
+    Dealers said the market in all Texaco deals will almost
+certainly remain on an indicated, or negotiated, basis until
+the events of the weekend are further clarified.
+    The primary market had a steady day, with the Australian
+dollar and the yen sectors again seeing the most activity,
+dealers said. Deutsche Bank Finance NV Curacao became the first
+of three issuers in the Australian dollar market during the
+morning with a 100 mln dlr bond due 1990 paying 14-1/8 pct and
+priced at 100-1/4 pct.
+    The issue was lead managed by Deutsche Bank Capital Markets
+(DBCM) and guaranteed by Deutsche Bank itself. A DBCM official
+said the firm had placed 60 mln Australian dlrs of the issue
+itself and quoted the deal at less one less 7/8 pct,
+comfortably inside the 1-1/2 pct total fees.
+    The State Bank of Victoria issued a 50 mln Australian dlr
+bond paying 14-1/2 pct over three years and priced at 101-3/8
+pct. Commerzbank AG was sole manager for the deal, which was
+offered on one broker screen at less 1-1/2 pct.
+    The day's other borrower in this sector was the New South
+Wales Treasury Corporation guaranteed by the crown-in-right of
+New South Wales. The five year bond pays 14-1/4 pct and was
+priced at 101-7/8 pct.
+    Lead manager was County Natwest Capital Markets. It was
+quoted at less 1-7/8 less 1-3/4 pct, inside the two pct total
+fees.
+    Secondary market Australian dlr bonds ended little changed
+on the day, with dealers saying that operators are awaiting the
+Australian trade figures for March. A deficit of some 800 mln
+to one billion dlrs was expected by one house active in the
+sector.
+    Union Bank of Switzerland (Securities) Ltd lead managed a
+15 billion yen bond for Union Bank of Switzerland NV. The five
+year deal pays 4-3/8 pct and features a put and call option at
+par after four years.
+    Priced at 101-5/8 pct, the issue was quoted at less 1-1/4
+pct bid on the grey market compared with the total fees of
+1-5/8 pct.
+    Ente Nazionale per l'Energia Elettrica issued a 15 billion
+yen bond due 1994 at 4-3/4 pct and priced at 101-7/8 pct. The
+deal was quoted on the 1-7/8 pct total fees.
+    Elsewhere, Alza Corp issued a 75 mln dlr convertible bond
+due 2002 through Merrill Lynch Capital Markets. The par priced
+issue has an indicated coupon of between 5-1/2 and 5-3/4 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1037" NEWID="16502">
+<DATE>13-APR-1987 13:13:20.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1931&#31;reute
+u f BC-BRAND-COMPANIES-&lt;BRAN   04-13 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAND COMPANIES &lt;BRAN> SEES FIRST QUARTER LOSS</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>Brand Companies Inc said it expects to
+report a 1987 first quarter loss of 15 to 17 cts a share on
+revenues of 20 to 22 mln dlrs.
+    In the 1986 first quarter, Brand reported earnings of 21
+cts on revenues of 28.5 mln dlrs.
+    No reason was given for the expected loss.
+    Final quarterly results will be reported toward the end of
+the month or the beginning of May, a company spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="965" NEWID="16503">
+<DATE>13-APR-1987 13:14:55.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1934&#31;reute
+u f BC-CANADA-POPULATION-GRO   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA POPULATION GROWTH SLOWEST IN 25 YEARS</TITLE>
+<DATELINE>    OTTAWA, April 13 - </DATELINE><BODY>Canada's population increased 4.2 pct to
+25.4 mln between 1981 and 1986, the lowest growth rate in any
+five year period for the past 25 years, according to final
+census figures released by Statistics Canada.
+    Lower immigration levels and a falling birth rate were
+behind the slower growth, the federal agency said. Canada's
+growth rate peaked at 9.7 pct in the 1961-1966 period.
+    Ontario, the most populous province with 9,113,515, led the
+provinces with a 5.7 pct increase. Newfoundland trailed with a
+0.1 pct rise to 159,917 people.           
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1038" NEWID="16504">
+<DATE>13-APR-1987 13:15:12.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>turkey</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1936&#31;reute
+r f BC-TURKEY-SEEN-UNLIKELY   04-13 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY SEEN UNLIKELY TO JOIN EC THIS CENTURY</TITLE>
+<DATELINE>    BRUSSELS, April 13 - </DATELINE><BODY>Turkey, which tomorrow will formally
+apply to join the European Community, faces major obstacles in
+its bid and is unlikely to become the bloc's 13th member before
+the year 2000, EC officials said.
+    Turkey's move comes as no surprise, but some officials said
+the application from a relatively poor country with most of its
+territory in Asia rather than Europe was likely to spark a long
+process of soul-searching among the EC's current members about
+what kind of European Community they wanted in the long term.
+    Officials echoed the view of diplomats in Ankara that
+Turkey's move put the EC in the dilemma of wanting to make
+clear it values Ankara as an ally in the NATO alliance, but
+sees huge problems in accepting it as a fellow EC member.
+    They said industrialised Community members have tried to
+dissuade Turkey from making the long-discussed formal
+application until the EC had had more time to digest the
+accession of Spain and Portugal last year.
+    Several also feel Ankara and the EC should first fully
+implement a 23-year-old association agreement between them
+before Turkey becomes a full member.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1040" NEWID="16505">
+<DATE>13-APR-1987 13:19:38.07</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1959&#31;reute
+u f BC-U.S.-FEBRUARY-TRADE-T   04-13 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FEBRUARY TRADE TO BE REPORTED ON NEW BASIS</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The February monthly merchandise
+trade figures to be reported Tuesday by the Commerce Department
+will be on a new basis reflecting more recent data, so avoiding
+future revisions of the monthly figure, Commerce officials
+said.
+    The overall January deficit of 14.8 billion dlrs will be
+revised, but the February figure will be a final one, officials
+said.
+    Previously, the initial monthly figure has had to be
+revised in subsequent months because of the time lag between
+the report and the compiling of final estimates on imports and
+exports.
+    The reporting of the February trade data was delayed
+several weeks to permit gathering latest figures on imports and
+exports to give a clearer picture of the monthly trade balance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1041" NEWID="16506">
+<DATE>13-APR-1987 13:21:50.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1974&#31;reute
+r f BC-FISCHER-WATTS,-HORIZO   04-13 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FISCHER-WATTS, HORIZON GOLD &lt;HRIZ.O> TEST MINE</TITLE>
+<DATELINE>    RENO, Nev., April 13 - </DATELINE><BODY>&lt;Fischer-Watts Gold Co Inc> said it 
+and Horizon Gold Shares Inc have begun sampling their
+jointlyl-held Rich Hill Placer Prospect mine in Yavapai County,
+Arizona.
+    The 60-day sampling program begins today and will consist
+of over 2,000 cubic yards of placer gravels taken from over 40
+sample sites.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1042" NEWID="16507">
+<DATE>13-APR-1987 13:22:30.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1978&#31;reute
+r f BC-GATT-STAFF-STRIKE-OVE   04-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT STAFF STRIKE OVER PAY AND PENSION LOSSES</TITLE>
+<DATELINE>    GENEVA, April 13 - </DATELINE><BODY>Some 340 General Agreement on Tariffs
+and Trade (GATT) secretariat staff staged a half-day strike in
+protest against what they said was a sharp decline in salaries
+and pensions.
+    The stoppage forced postponement until tomorrow of a
+scheduled meeting to check progress in a global round of
+negotiations to liberalise world commerce launched last
+September.
+    Pickets at the entrance to the GATT offices said all but
+seven or eight staff members took part in the strike.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1043" NEWID="16508">
+<DATE>13-APR-1987 13:22:37.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1979&#31;reute
+r f BC-EUROCAPITAL-&lt;EURO.O>   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROCAPITAL &lt;EURO.O> SEEKS TO MARKET CONDOMS</TITLE>
+<DATELINE>    CORAL GABLES, Fla., April 13 - </DATELINE><BODY>Eurocapital Corp said its
+&lt;Europharmaceutical Corp> affiliate has submitted four
+applications to the U.S. Food and Drug Administration for
+approval to market in the U.S. three condom products to be made
+by &lt;Inkey SA> of Barcelona.
+    The company said one is for approval to market a condom
+containing spermicide monoxynol-9, a second for the same condom
+without the spermicide and the third and fourth for marketing
+of a condom with a diffierent spermicide it did not identify
+that is said is effective in reducing the risk of sexual
+transmission of the AIDS virus.
+    The company said  the approval process on the last two
+applications may be lengthy.
+    It also said it has increased its ownership of
+Europharmaceutical to 51 pct from 45 pct.
+    It said Europharmaceutical's obligation to pay Inkey for
+exclusive distribution rights to all Inkey products has been
+cut to 500,000 dlrs from two mln dlrs and payment has been
+extended to 180 days after FDA approval to market any of the
+condom products from 30 days.  It said Europharmaceutical is
+now obligated to pay Inkey two cts for each condom distributed
+and Inkey will ship to Europharmaceutical on open account.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1044" NEWID="16509">
+<DATE>13-APR-1987 13:22:45.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1980&#31;reute
+r f BC-MARYLAND-NATIONAL-&lt;MD   04-13 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARYLAND NATIONAL &lt;MDNT> FILES TO OFFER NOTES</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Maryland National Corp said it filed
+with the Securities and Exchange Commission a registration
+statement covering a 125 mln dlr issue of subordinated capital
+notes due 1999.
+    Proceeds will be used for general corporate purposes,
+Maryland National said.
+    The firm named Goldman, Sachs and Co and Merrill Lynch
+Capital Markets as managers of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1045" NEWID="16510">
+<DATE>13-APR-1987 13:24:15.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1986&#31;reute
+d f BC-BOOTHE-&lt;BCMP.O>-MAKES   04-13 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOOTHE &lt;BCMP.O> MAKES ACQUISITION</TITLE>
+<DATELINE>    SAN FRANCISCO, April 13 - </DATELINE><BODY>Boothe Financial Corp, a
+diversified holding company, said it has acquired the &lt;Robert
+Half and Accountemps> franchises in New England, including four
+offices in Boston and Eastern Massachusetts and one office in
+Providence, R.I.
+    Boothe said it previously announced the purchase of &lt;Robert
+Half International Inc> the franchisor of the Robert Half and
+Accountemps offices in the U.S.
+    The company said the aggregate purchase price it paid for
+Robert Half International and the franchises was about 59 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1046" NEWID="16511">
+<DATE>13-APR-1987 13:24:22.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1987&#31;reute
+r f BC-GATT-STAFF-STRIKE-OVE   04-13 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT STAFF STRIKE OVER PAY AND PENSION LOSSES</TITLE>
+<DATELINE>    GENEVA, April 13 - </DATELINE><BODY>Some 340 General Agreement on Tariffs
+and Trade (GATT) secretariat staff staged a half-day strike in
+protest against what they said was a sharp decline in salaries
+and pensions.
+    The stoppage forced postponement until tomorrow of a
+scheduled meeting to check progress in a global round of
+negotiations to liberalise world commerce launched last
+September.
+    Pickets at the entrance to the GATT offices said all but
+seven or eight staff members took part in the strike.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1047" NEWID="16512">
+<DATE>13-APR-1987 13:24:43.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1989&#31;reute
+r f BC-ATLANTIC-FINANCIAL-&lt;A   04-13 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC FINANCIAL &lt;ATLF.O> TO ACQUIRE S AND L</TITLE>
+<DATELINE>    BALA CYNWYD, Pa., April 13 - </DATELINE><BODY>Atlantic Financial said it
+signed a definitive agreement to acquire &lt;Centurion Savings and
+Loan Association>.
+    Atlantic did not disclose the purchase price.
+    Atlantic said it originally announced its intention to
+acquire Centurion, located in Los Angeles, on Feb 23, 1987.
+    Centurion has assets of 105 mln dlrs, Atlantic said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1048" NEWID="16513">
+<DATE>13-APR-1987 13:24:54.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1990&#31;reute
+b f BC-GAF-&lt;GAF>-SEEN-RAISIN   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAF &lt;GAF> SEEN RAISING BORG-WARNER &lt;BOR> BID</TITLE>
+<AUTHOR>    BY PATTI DOMM, REUTERS</AUTHOR>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>GAF Corp, set on acquiring Borg-Warner
+Corp's valuable plastics business, is believed by analysts to
+be preparing an increased offer for the Chicago-based company.
+     Yesterday, Borg-Warner said it agreed to be acquired for
+4.23 billion dlrs by a company to be formed by Merrill Lynch
+Capital Partners. Merrill offered 48.50 dlrs cash per share for
+89 pct of Borg-Warner's common stock, and a package of cash and
+securities for the balance.
+    Borg-Warner stock rose 1-3/8 to 49-5/8.
+    "I think it's (the stock price) telling us GAF is coming in
+with another bid," said one analyst, who values the company at
+51 or 52 dlrs per share.
+    GAF has offered 46 dlrs per share. It holds 19.9 pct of
+Borg-Warner's stock.
+    "You're in a cat and mouse game on how you're going to up
+the price. Obviously, nobody wants to pay more than you have
+to. I think GAF is looking at the company the way we're looking
+at it - that it's worth more," Pershing and Co analyst Richard
+Henderson said.
+    Henderson estimated it is worth abouth 55 dlrs per share.
+    GAF has only said it was reviewing the situation. Merrill
+Lynch officials did not return phone calls.
+    Analysts have said they believe GAF Chairman Samuel Heyman
+sought Borg-Warner because of its chemicals and plastics
+business. The rigid plastics are used in such things as
+telephones, computer terminals, and appliances.
+    "Where the heck can you buy a world class chemical
+operation these days," said Henderson.
+    "He's (Heyman's) got the bucks. He's a heavy hitter, and he
+does not like to get pushed around," said Henderson.
+    GAF, a roofing and chemicals concern, attempted a takeover
+of the much larger Union Carbide Corp two years ago. While GAF
+did not win the company, it made a substantial gain on its
+investment in Carbide.
+    Analysts said GAF already has a large profit built into its
+Borg-Warner holdings. They said even if GAF raises its offer
+and does not succeed, a higher bid from another company would
+give GAF millions of dollars in profits on its stock.
+    "It's a win-win situation," said one analyst.
+    One analyst speculated an offer from GAF would be
+forthcoming shortly.
+    "I think we are finally down to the final paragraph in this
+book," he said.
+    Borg-Warner's other businesses include automotive parts,
+protective services, which includes Wells Fargo security
+guards, and Chilton Corp, a credit rating service.
+    Charles Rose, an Oppenheimer and Co analyst who follows
+GAF, said if GAF were to sell into the Merrill Lynch offer, it
+would realize about 125 mln dlrs net profit, or about 3.50 per
+share.
+    "I think there's a probability he goes up in price," said
+Rose.
+    Rose said, however, he could not really predict what Heyman
+would do. "Sam's a low-risk, high-return player."
+    "Is he trying to build a major industrial chemical
+enterprise, or is he trying to be an investment bank," Rose
+said.
+    Analysts said Borg-Warner's chemical business would add
+earnings momentum to GAF. "I worked out that paying as much as
+50 dlrs per share would still be additive to GAF in time, if
+they sold off most of the non-chemical facilities," said John
+Henry of E.F. Hutton.
+    Borg-Warner's chemical and plastics business provided 1986
+operating profits of 153.3 mln dlrs on revenues of 1.04 billion
+dlrs. Total operating profits were 349.7 mln dlrs, and net
+earnings were 206.3 mln dlrs for 1986.
+    "The Borg chemical business is great," said Rose, adding
+its only U.S. competitors are Monsanto Co &lt;MCT> and Dow
+Chemical Co &lt;DOW>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1049" NEWID="16514">
+<DATE>13-APR-1987 13:25:01.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1991&#31;reute
+u f BC-AMEX-STARTS-TRADING-A   04-13 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX STARTS TRADING AMERICAN BUSINESSPHONES &lt;AB></TITLE>
+<DATELINE>     NEW YORK, April 13 - </DATELINE><BODY>The &lt;American Stock Exchange> said it
+has started trading American Businessphones Inc's common
+shares, which had traded on the NASDAQ system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1050" NEWID="16515">
+<DATE>13-APR-1987 13:25:22.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1994&#31;reute
+r f BC-FOOTHILL-GROUP-&lt;FGI>   04-13 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOTHILL GROUP &lt;FGI> COMPLETES DEBT PLACEMENT</TITLE>
+<DATELINE>    LOS ANGELES, April 13 - </DATELINE><BODY>The Foothill Group Inc said its
+Foothill Captial Corp unit completed the placement of 23 mln
+dlrs in senior debt and 27 mln dlrs in senior subordinated
+debt.
+    Goldman, Sachs and Co privately placed the debt with a
+group of institutional lenders, the company said.
+    It said the senior debt will bear a 9.4 pct interest rate
+and the senior subordinated debt will bear 10.15 pct.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1051" NEWID="16516">
+<DATE>13-APR-1987 13:26:02.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1997&#31;reute
+r f BC-OSICOM-TECHNOLOGIES-I   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OSICOM TECHNOLOGIES IN INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    ROCKAWAY TOWNSHIP, N.J., April 13 - </DATELINE><BODY>&lt;Osicom Technologies
+Inc> said it filed for an initial public offering of one
+million shares of common stock.
+    Osicom said it filed the registration statement on April 10
+with the Securities and Exchange Commission.
+    Sherwood Securities Corp proposes to act as the managing
+underwriter for the offering, Osicom said.
+    The company is a distributor of products used primarily to
+increase data storage capacity of microcomputers, it said.
+    A spokeswoman for the company said she expects the stock to
+be traded on the Nasdaq exchange under the symbol &lt;OSIC.O>.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1052" NEWID="16517">
+<DATE>13-APR-1987 13:26:28.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2000&#31;reute
+r f BC-PERSONAL-COMPUTER-PRO   04-13 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERSONAL COMPUTER PRODUCTS &lt;PCPI.O> PLACES DEBT</TITLE>
+<DATELINE>    SAN DIEGO, Calif., April 13 - </DATELINE><BODY>Personal Computer Products
+Inc said it completed a 4.2-mln-dlr, five pct convertible
+preferred stock issue to private investors.
+    Net proceeds of about 3.8 mln dlrs will be used to expand
+marketing, sales and research and development efforts, to
+supplement working capital, and to repay the company's entire
+bank debt of about 650,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1053" NEWID="16518">
+<DATE>13-APR-1987 13:26:32.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2001&#31;reute
+s f BC-PUEBLO-INTERNATIONAL   04-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUEBLO INTERNATIONAL INC &lt;PII> SETS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay June Two
+    Record April 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1054" NEWID="16519">
+<DATE>13-APR-1987 13:26:47.50</DATE>
+<TOPICS><D>acq</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2002&#31;reute
+d f BC-SWIFT-&lt;SFTPF>-TO-SELL   04-13 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWIFT &lt;SFTPF> TO SELL SOUTH DAKOTA PORK PLANT</TITLE>
+<DATELINE>    DALLAS, April 13 - </DATELINE><BODY>Swift Independent Packing Co said it
+agreed in principle to sell its Huron, South Dakota pork plant
+to Huron Dressed Beef, for undisclosed terms.
+    Completion of the proposed transaction is subject to
+Huron's ability to hire an experienced work force at
+competitive rates, and receive government approval of the
+purchase and operation of the plant, Swift said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1055" NEWID="16520">
+<DATE>13-APR-1987 13:27:21.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2004&#31;reute
+h f BC-SIMMONS-&lt;SIMM.O>-MARC   04-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIMMONS &lt;SIMM.O> MARCH LOAD FACTOR DECLINES</TITLE>
+<DATELINE>    CHICAGO, April 13 -</DATELINE><BODY>Simmons Airlines Inc said its load
+factor for March declined to 42.2 pct from 46.1 pct a year
+earlier.
+    It said revenue passenger miles increased to 16.5 mln from
+12.7 mln, and available seat miles rose to 39.1 mln from 27.5
+mln
+   Year to date, Simmons said its load factor fell to 41.5 pct
+from 45 pct. It said revenue passenger miles rose to 45.8 mln
+from 36.3 mln, and available seat miles gained to 110.3 mln
+from 80.6 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1056" NEWID="16521">
+<DATE>13-APR-1987 13:27:28.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2005&#31;reute
+h f BC-&lt;GEN-TERM-CORP>-ACQUI   04-13 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GEN TERM CORP> ACQUIRES PRIVATE FIRM</TITLE>
+<DATELINE>    SAN FRANCISCO, April 13 - </DATELINE><BODY>Gen Term Corp said it entered
+into escrow for the 5.2 mln dlr purchase of Lewis-Westco and
+Co, a privately-held bottler and distributor of wines and
+distilled spirits.
+    Lewis-Westco had sales of more than 45 mln dlrs for its
+fiscal year ended June 30, Gen Term also said.
+    Separately, Gen Term, which trades over-the-counter, said
+it plans to apply for NASDAQ listing after it completes the
+acquisition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1057" NEWID="16522">
+<DATE>13-APR-1987 13:27:37.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2007&#31;reute
+d f BC-&lt;C-AND-R-CLOTHIERS-IN   04-13 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;C AND R CLOTHIERS INC> JAN 31 YEAR NET</TITLE>
+<DATELINE>    CULVER CITY, Calif., April 13 -
+    </DATELINE><BODY>Shr 1.46 dlrs vs 66 cts
+    Net 1,514,312 vs 714,670
+    Sales 62.1 mln vs 57.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1058" NEWID="16523">
+<DATE>13-APR-1987 13:27:58.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2008&#31;reute
+d f BC-CCX-NETWORK-&lt;CCXN>-TO   04-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCX NETWORK &lt;CCXN> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    CONWAY, Ark., April 13 - </DATELINE><BODY>CCX Network Inc said it has
+entered into a letter of intent to acquire privately-held
+&lt;Modern Mailers Inc> and its affiliate &lt;AnWalt Inc> for about
+3,200,000 dlrs in common stock.
+    The company said Modern Mailers had revenues of 8,600,000
+dlrs for the year ended October 31 and provides computer
+service, computer printing and lettershop facilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1059" NEWID="16524">
+<DATE>13-APR-1987 13:28:20.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2010&#31;reute
+d f BC-MEDICAL-IMAGING-&lt;MIKA   04-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDICAL IMAGING &lt;MIKA.O> L.P. PLANS OFFER</TITLE>
+<DATELINE>    SAN DIEGO, Calif., April 13 - </DATELINE><BODY>Medical Imaging Centers of
+America Inc said Shared Imaging Partners L.P., a Delaware
+limited partnership, filed a registration statement with the
+Securities and Exchange Commission covering a planned offering
+of partnership units.
+    SI Management Corp, a wholly-owned Medical Imaging
+subsidiary, is the general partner of Shared Imaging.
+    The company said the partnership intends to offer between
+7.5 mln dlrs and 18.5 mln dlrs of limited partnership interests
+at a price of 1,000 dlrs per unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1060" NEWID="16525">
+<DATE>13-APR-1987 13:29:05.73</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2012&#31;reute
+u f BC-U.S.-CORN-EXPORTS-SEE   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORN EXPORTS SEEN WELL AHEAD OF LAST YEAR</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>Grain traders and analysts expect
+today's weekly U.S. corn export inspection figure to be well
+above last year, with wheat slightly better and soybeans about
+the same.
+    Corn export inspection guesses ranged from 40.0 to 44.0 mln
+bushels for the week ended April 9, compared up 46.6 mln
+inspected a week earlier and 15.2 mln in the year-ago week.
+    Soybean export estimates ranged from 12.0 to 15.0 mln
+bushels versus 10.8 mln exported last week and 13.2 mln last
+year.
+    Export guesses for all wheat ranged from 16.0 to 20.0 mln
+bushels, compared with 16.4 mln last week and 11.2 mln last
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1061" NEWID="16526">
+<DATE>13-APR-1987 13:30:08.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2015&#31;reute
+r f BC-NWA-&lt;NWA>-AIRLINE-ADD   04-13 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NWA &lt;NWA> AIRLINE ADDS TRANSPACIFIC FLIGHT</TITLE>
+<DATELINE>    ST. PAUL, Minn., April 13 - </DATELINE><BODY>NWA Inc said its Northwest
+Airlines unit will add a nonstop Detroit to Tokyo flight April
+17.
+    The new flight will operate three times a week until June
+one, when it will fly seven days a week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1062" NEWID="16527">
+<DATE>13-APR-1987 13:30:46.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2018&#31;reute
+r f BC-PERSONAL-COMPUTER-PRO   04-13 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERSONAL COMPUTER PRODUCTS &lt;PCPI.O> EXPECTS LOSS</TITLE>
+<DATELINE>    SAN DIEGO, Calif., April 13 - </DATELINE><BODY>Personal Computer Products
+Inc said it expects to report a loss of about 195,000 dlrs in
+its third quarter ended March 31, compared to a year ago loss
+in the quarter of 169,000 dlrs.
+    It said revenues in the quarter are expected to be about
+1,200,000 dlrs, compared to 564,000 dlrs a year earlier.
+    For the nine months ended March 31, Personal Computer
+expects a net loss of about 325,000 dlrs, compared to a loss of
+584,000 dlrs the previous year. Revenues in the nine months are
+expected to be about 3,880,000 dlrs, compared to 1,828,000 a
+year ago. The company said it will report its earnings soon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1063" NEWID="16528">
+<DATE>13-APR-1987 13:31:56.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2027&#31;reute
+d f BC-FLEXIBLE-&lt;FLXX.O>-IN   04-13 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLEXIBLE &lt;FLXX.O> IN GENERAL DYNAMICS &lt;GD> ORDER</TITLE>
+<DATELINE>    DALLAS, April 13 - </DATELINE><BODY>Flexible Computer Corp said it has
+received a 418,000 dlr order from General Dynamics Corp for a
+FLEX/32 multicomputer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1064" NEWID="16529">
+<DATE>13-APR-1987 13:33:13.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2036&#31;reute
+d f BC-&lt;SCAN-GRAPHICS-INC>IN   04-13 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SCAN-GRAPHICS INC>IN MCDONNELL DOUGLAS&lt;MD> PACT</TITLE>
+<DATELINE>    BROOMALL, Pa., April 13 - </DATELINE><BODY>Scan-Graphics Inc said it has
+received about 500,000 dlrs in orders for its new CF1000
+Scanner and RAVE software, a document scanning and vectorizing
+system, from McDonnell Douglas Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1065" NEWID="16530">
+<DATE>13-APR-1987 13:33:51.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2040&#31;reute
+f f BC-******GREAT-NORTHERN   04-13 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>GREAT NORTHERN NEKOOSA FIRST QTR SHR 1.59 DLRS VS 54 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1066" NEWID="16531">
+<DATE>13-APR-1987 13:38:58.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2045&#31;reute
+d f BC-GANDER-&lt;GNDR.O>-BUYS   04-13 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANDER &lt;GNDR.O> BUYS WESTERN WEAR RETAILER</TITLE>
+<DATELINE>    WILMOT, WIS., April 13 - </DATELINE><BODY>Gander Mountain Inc said it
+acquired the privately held Western Ranchman Outfitters, a
+catalog and point-of-purchase retailer of western apparel based
+in Cheyenne, Wyo.
+    It said Western Ranchman had sales for the year ended Jan
+31, 1987 of about 2.2 mln dlrs.
+    The purchase was made for an undisclosed amount of cast.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1067" NEWID="16532">
+<DATE>13-APR-1987 13:39:13.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2046&#31;reute
+d f BC-PAULEY-PETROLEUM-&lt;PP>   04-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAULEY PETROLEUM &lt;PP> NAMES NEWGARD PRESIDENT</TITLE>
+<DATELINE>    LOS ANGELES, April 13 - </DATELINE><BODY>Pauley Petroleum Inc said it
+appointed Mark Newgard president and chief operating officer.
+    Newgard, 42, had been president of privately-held Edgington
+Oil Co.
+    He succeeds William Pagen, Pauley's chairman, who had also
+been serving as president, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1068" NEWID="16533">
+<DATE>13-APR-1987 13:39:41.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2047&#31;reute
+u f BC-GREAT-NORTHERN-NEKOOS   04-13 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT NORTHERN NEKOOSA &lt;GNN> 1ST QTR NET</TITLE>
+<DATELINE>    STAMFORD, Conn., April 13 -
+    </DATELINE><BODY>Shr 1.59 dlrs vs 54 cts
+    Net 43.3 mln vs 13.9 mln
+    Revs 566.7 mln vs 487.8 mln
+    Avg shrs 27.2 mln vs 25.9 mln
+    NOTE: 1986 figures restated for adoption of financial
+accounting standards board statement 87 "employer's accounting
+for pensions." 
+    Net 1986 and 1987 includes 900,000 dlrs of investment tax
+credits in 1987, and 3.1 mln dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1069" NEWID="16534">
+<DATE>13-APR-1987 13:39:57.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2048&#31;reute
+d f BC-AIRSHIP-&lt;AIRSY>-GETS   04-13 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRSHIP &lt;AIRSY> GETS JAPANESE CONTRACT</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Airship Industries Ltd said it has
+received a six mln stg contract from a Japanese advertising
+agency it did not name for a 12-month lease of one of its 600
+Class airships equipped with a nightsign, with a 12-month
+renewal option.
+    The company said the contract will start by October One and
+contribute significantly to profits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1070" NEWID="16535">
+<DATE>13-APR-1987 13:41:24.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2052&#31;reute
+d f BC-DIGILOG-&lt;DIOL>-GETS-B   04-13 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGILOG &lt;DIOL> GETS BELLSOUTH &lt;BSC> ORDERS</TITLE>
+<DATELINE>    MONTGOMERYVILLE, Pa., April 13 - </DATELINE><BODY>Digilog Inc said it has
+received 669,000 dlrs in orders from BellSouth Corp for network
+monitoring and management equipment that is to be delivered
+this month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1071" NEWID="16536">
+<DATE>13-APR-1987 13:42:05.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2054&#31;reute
+d f BC-TRACOR-&lt;TRR>-GETS-LOC   04-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRACOR &lt;TRR> GETS LOCKHEED &lt;LK> CONTRACT</TITLE>
+<DATELINE>    AUSTIN, Texas, April 13 - </DATELINE><BODY>Tracor Inc said it has received a
+research contract worth over one mln dlrs from Lockheed Corp
+for the development of exploding foil initiated ordnance
+devices for the Exoatmospheric Reentry Interceptor Susbystem,
+or ERIS, Functional Technology Validation Interceptor Vehicle.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1072" NEWID="16537">
+<DATE>13-APR-1987 13:42:57.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2055&#31;reute
+d f BC-BELL-ATLANTIC-&lt;BEL>-U   04-13 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL ATLANTIC &lt;BEL> UNIT IN DISTRIBUTION DEAL</TITLE>
+<DATELINE>    ROCHESTER, N.Y., April 13 - </DATELINE><BODY>Bell Atlantic Corp's CompuShop
+subsidiary said it has been named an authorized reseller of
+Xerox Corp's &lt;XRX> Xerox Ventura Publisher desktop publishing
+software for International Business Machines Corp's &lt;IBM> XT
+and AT personal computers and compatibles.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1073" NEWID="16538">
+<DATE>13-APR-1987 13:43:16.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2056&#31;reute
+s f BC-AMERICAN-HEALTH-PROPE   04-13 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN HEALTH PROPERTIES INC &lt;AHE> 1ST QTR</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., April 13 -
+    </DATELINE><BODY>Shr 18 cts
+    Net 1,948,000
+    Revs 3,397,000
+    Note: Company began operating on February 20, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1074" NEWID="16539">
+<DATE>13-APR-1987 13:43:38.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2057&#31;reute
+f f BC-******WELLS-FARGO-AND   04-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WELLS FARGO AND CO 1ST QTR SHR 1.36 DLRS VS 1.13 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1075" NEWID="16540">
+<DATE>13-APR-1987 13:51:17.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2066&#31;reute
+d f BC-WORLD-BANK-PRESIDENT   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK PRESIDENT OPPOSES DEBT FORGIVENESS</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>World Bank President Barber Conable
+said he opposed forgiving developing countries' debt because
+the proposal, if adopted, would lead to a cutoff in lending to
+the indebted countries.
+    "I think (debt) forgiveness will simply create an
+environment in which no more money will go into development and
+a lot of the world will be consigned to poverty and to
+instability indefinitely," he told ABC Television on Sunday.
+    A number of bills have been introduced in Congress that
+would require commercial banks to forgive a least a portion of
+the debt owed them by cash-starved developing countries.
+    "I think we've got to find ways of encouraging continuous
+improvement in policies, of wise use of money in short, rather
+than trying to turn everybody off," Conable said.
+    Conable told ABC's "Business World" he supported Treasury
+Secretary James Baker's debt plan as an "andidote to debt."
+    Baker has said the best way to reduce the developing
+countries' debt burden is to boost their growth rates through
+reformed domestic policies and increased commercial bank
+lending.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1076" NEWID="16541">
+<DATE>13-APR-1987 13:51:39.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2069&#31;reute
+d f BC-CBT-T-NOTE-OPTIONS-SE   04-13 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT T-NOTE OPTIONS SET VOLUME RECORD</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>The Chicago Board of Trade, CBT,
+achieved record volume in trading of 10-year U.S. Treasury note
+futures-options April 10.
+    Volume reached 38,402 contracts, up from the previous
+record of 16,349 contracts set April 9.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1077" NEWID="16542">
+<DATE>13-APR-1987 13:52:36.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f2071&#31;reute
+u f BC-IRAN-SAYS-IT-ACHIEVED   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAYS IT ACHIEVED OBJECTIVE IN BASRA OFFENSIVE</TITLE>
+<DATELINE>    BAHRAIN, April 13 - </DATELINE><BODY>Iran said it had achieved its
+objectives in heavy fighting against Iraq since launching an
+offensive near the southern Iraqi city of Basra last Tuesday.
+    Baghdad said on Saturday its forces had routed the Iranians
+from the few footholds they initially gained. But an Iranian
+field commander said on Sunday the Iranians are now entrenched
+west of the Jasim River and the Fish canal, about 10 km east of
+Basra.
+    The unnamed commander, quoted by the Iranian news agency
+IRNA, said foreign reporters could now visit Iranian
+strongholds in the region.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1078" NEWID="16543">
+<DATE>13-APR-1987 13:52:48.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>usa</D></PLACES>
+<PEOPLE><D>brodersohn</D><D>sourrouille</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2072&#31;reute
+u f BC-ARGENTINA-SAYS-NEAR-D   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA SAYS NEAR DEAL WITH CREDITOR BANKS</TITLE>
+<DATELINE>    BUENOS AIRES, April 13 - </DATELINE><BODY>Argentine Treasury Secretary Mario
+Brodersohn said the country is near accord with creditor banks
+on refinancing about 30 billion dlrs of foreign debt.
+    Brodersohn, in an interview from Washington with Argentine
+television, said Saturday the major obstacles to an agreement
+with creditor banks had been overcome. "Only details remain to
+be resolved," he said.
+    Economy Minister Juan Sourrouille on Thursday in a speech
+at the IMF accused creditor banks of standing in the way of an
+accord by demanding conditions incompatible with Argentina's
+IMF standby program.
+    Brodersohn said that since there "has been progress. I'd
+say that we are now working on the fine print of the
+agreement."
+    Negotiations between Argentina and the banks have been
+stuck over differences on the question of capitalisation of the
+debt as well as on-lending programs.
+    Argentina has resisted a renewal of on-lending programs and
+sought an agreement whereby creditor banks would invest a fresh
+dollar for every dollar of debt capitalised.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1079" NEWID="16544">
+<DATE>13-APR-1987 13:54:49.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2075&#31;reute
+h f BC-ELECTION-RESULT-MAY-D   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTION RESULT MAY DELAY JAPAN ECONOMIC STIMULUS</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 13 - </DATELINE><BODY>The ruling Liberal Democratic Party's
+(LDP) setback in Sunday's nationwide local elections may force
+the government to water down its controversial proposal for a
+five pct sales tax and undermine its commitment to stimulating
+the economy, private economists said.
+    The LDP's failure to win seats in some crucial local
+constituencies will weaken the government's ability to push
+through its tax plan, and without a compromise tax proposal the
+budget for fiscal 1987/88 ending March 31 is unlikely to be
+passed soon, they said.
+    Without the budget, the government would also be
+hard-pressed to come up with an effective package to stimulate
+the economy as pledged at Group of Seven meetings in Paris in
+late February and in Washington last week, they said.
+    Opposition protests against the sales tax have stalled
+parliamentary debate on the budget for weeks and forced the
+government to enact a stop-gap 1987/88 budget that began early
+this month.
+    "The LDP's election setback will have an enormous impact on
+the already faltering economy," said Johsen Takahashi, chief
+economist at Mitsubishi Research Institute.
+    Takahashi said that behind the LDP's poor showing was
+public discontent with the government's high-handed push for
+tax reform and its lack of effective policies to cope with
+economic woes caused by the yen's appreciation.
+    "This explains why the LDP failed to regain governorships in
+the most hotly contested constituencies of Fukuoka and
+Hokkaido, where the shipbuilding and steel industries are
+suffering heavily from the yen's extended rise," he said.
+    Takahashi said the government should delay introduction of
+the sales tax for one or two years beyond its original starting
+date of January 1988 and implement tax cuts now.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1080" NEWID="16545">
+<DATE>13-APR-1987 13:54:54.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2076&#31;reute
+u f BC-/WELLS-FARGO-AND-CO-&lt;   04-13 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELLS FARGO AND CO &lt;WFC> 1ST QTR NET</TITLE>
+<DATELINE>    SAN FRANCISCO, April 13 -
+    </DATELINE><BODY>Shr 1.36 dlrs vs 1.13 dlrs
+    Net 78.3 mln vs 51.6 mln
+    Avg shrs 53,698,000 vs 43,449,000
+    Loans 35.89 billion vs 24.66 billion
+    Deposits 31.71 billion vs 19.64 billion
+    Assets 43.98 billion vs 28.60 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1081" NEWID="16546">
+<DATE>13-APR-1987 13:59:12.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2087&#31;reute
+u f BC-COMERICA-INC-&lt;CMCA.O>   04-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMERICA INC &lt;CMCA.O> 1ST QTR NET</TITLE>
+<DATELINE>    DETROIT, April 13 -
+    </DATELINE><BODY>Shr 1.78 dlrs vs 1.12 dlrs
+    Shr diluted 1.72 dlrs vs 1.08 dlrs
+    Net 20,029,000 vs 13,059,000
+    Avg shrs 10,598,481 vs 10,430,649
+    Loans 843.4 mln vs 727.5 mln
+    Deposits 8.30 billion vs 7.82 billion
+    Assets 9.89 billion vs 9.27 billion
+    NOTE: Per-share results reflect payment of preferred
+dividends
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1082" NEWID="16547">
+<DATE>13-APR-1987 13:59:49.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2088&#31;reute
+d f BC-UNICLUB-IN-JOINT-VENT   04-13 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNICLUB IN JOINT VENTURE</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Uniclub Inc said it has agreed to form
+an equally-owned joint venture called Uniclub Marketing Inc
+with Goodway Marketing Inc.
+    The company said Uniclub Marketing will use narrowcast
+cable television, including Goodway's Video Shopping Mall
+television shopping program, to sell Uniclub memberships, add
+new participating merchants and sell Uniclob licenses and
+franchises.
+    The company said it expects the new program will give it
+enough cardholders, merchants and fee income to make Uniclub
+solidly profitable by year-end.  Uniclub markets a consumer
+charge card that gives members a 15 pct reduction on monthly
+billing for all retail purchases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1083" NEWID="16548">
+<DATE>13-APR-1987 14:00:05.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2090&#31;reute
+a f BC-WORLD-AIRWAYS-&lt;WOA>-L   04-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD AIRWAYS &lt;WOA> LAYS OFF 103 MORE EMPLOYEES</TITLE>
+<DATELINE>    OAKLAND, Calif., April 13 - </DATELINE><BODY>World Airways said it laid off
+an additional 103 employees in its contract maintenance
+operation at Oakland.
+    Over the past five weeks, the company previously laid off
+274 maintenance employees.
+    The layoffs resulted from declines in current and projected
+maintenance work, which the company provides principally for
+other air carriers.
+    World Airways said it cannot rule out additional layoffs,
+as it explores a range of alternative for its contract
+maintenance operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1084" NEWID="16549">
+<DATE>13-APR-1987 14:00:10.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2091&#31;reute
+r f BC-CHAMPION-PRODUCTS-&lt;CH   04-13 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAMPION PRODUCTS &lt;CH> SETS PAY DATE FOR SPLIT</TITLE>
+<DATELINE>    ROCHESTER, N.Y., April 13 - </DATELINE><BODY>Champion Products Inc said the
+two-for-one stock split it declared February 26 will be payable
+April 24 to shareholders of record April One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1085" NEWID="16550">
+<DATE>13-APR-1987 14:00:31.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f2092&#31;reute
+u f AM-SHULTZ   04-13 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ BEGINS ARMS TALKS WITH SHEVARDNADZE</TITLE>
+<DATELINE>    MOSCOW, April 13 - </DATELINE><BODY>U.S. Secretary of State George Shultz
+was holding several hours of talks with Soviet Foreign Minister
+Eduard Shevardnadze today in pursuit of the first superpower
+arms control agreement in nearly a decade.
+    Shultz, accompanied by a panoply of senior advisers and
+technical experts, went directly into a closed-door meeting
+with Shevardnadze and the Soviet delegation after arriving in
+Moscow from Helsinki aboard a U.S. Air Force jet.
+    State Department spokesman Charles Redman told reporters
+traveling with the secretary that as the crucial talks got
+under way, U.S. Arms control advisers were instructed not to
+discuss the substance of the American proposals with the press.
+    It has been reported previously that some of the proposals
+-- such as those dealing with President Ronald Reagan's "Star
+Wars" space shield against enemy missiles -- represent a
+hardening of the U.S. Position.
+    Nevertheless, U.S. Officials have been optimistic about the
+possibility of progress on arms control during the talks, which
+are scheduled to end Wednesday.
+    Reagan, who is believed to want an agreement before he
+leaves office in 1989, said last week that a breakthrough on an
+accord eliminating intermediate-range missiles (INF) in Europe
+was a distinct possibility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1086" NEWID="16551">
+<DATE>13-APR-1987 14:01:47.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2101&#31;reute
+r f BC-SPEARHEAD-INDUSTRIES   04-13 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPEARHEAD INDUSTRIES INC &lt;SPRH.O> 3RD QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, April 13 - </DATELINE><BODY>Periods ended Feb 28
+    Shr 22 cts vs 30 cts
+    Net 549,000 vs 747,000
+    Sales 8.4 mln vs nine mln
+    Avg shrs 2,550,784 vs 2,468,964
+    Nine mths
+    Shr 69 cts vs 63 cts
+    Net 1,749,000 vs 1,554,000
+    Sales 23.6 mln vs 21.3 mln
+    Avg shrs 2,543,711 vs 2,453,520
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1087" NEWID="16552">
+<DATE>13-APR-1987 14:02:42.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2109&#31;reute
+d f BC-AMEX-STARTS-TRADING-L   04-13 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX STARTS TRADING LAWRENCE INSURANCE &lt;LWR></TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>The &lt;American Stock Exchange> said it
+has started trading the common stock of Lawrence Insurance
+Group Inc, which went public today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1088" NEWID="16553">
+<DATE>13-APR-1987 14:02:54.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2110&#31;reute
+a f BC-GUY-F.-ATKINSON-CO-&lt;A   04-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUY F. ATKINSON CO &lt;ATKN.O> UNIT WINS CONTRACT</TITLE>
+<DATELINE>    SAN FRANCISCO, April 13 - </DATELINE><BODY>Guy F. Atkinson Co said its Guy
+F. Atkinson Construction Co won a multi-million-dlr contract to
+construct a station for the Metro Rail Project in Los Angeles.
+    Construction on the proposed station wil begin this month,
+with completion scheduled for February, 1990.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1089" NEWID="16554">
+<DATE>13-APR-1987 14:03:16.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2114&#31;reute
+u f BC-KDI-CORP-&lt;KDI>-1ST-QT   04-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KDI CORP &lt;KDI> 1ST QTR MARCH 31</TITLE>
+<DATELINE>    CINCINNATI, Ohio, April 13 -
+    </DATELINE><BODY>Shr 18 cts vs six cts
+    Net 1.7 mln vs 610,000
+    Revs 68.7 mln vs 63.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1090" NEWID="16555">
+<DATE>13-APR-1987 14:08:13.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2126&#31;reute
+u f BC-RJ-NABISCO'S-&lt;RJR>-UN   04-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJ NABISCO'S &lt;RJR> UNIT SELLS CIGAR BUSINESS</TITLE>
+<DATELINE>     WINSTON-SALEM, N.C., April 13 - </DATELINE><BODY>RJR Nabisco Inc's RJ
+Reynolds Tobacco USA unit said it reached a definitive
+agreement to sell Winchester Little Cigar Business to Tobacco
+Exporters International USA Ltd of Atlanta, the U.S. subsidiary
+of Rothman's International PLC.
+    Terms were not disclosed. 
+    Last week, RJ Reynolds announced the sale of four smoking
+tobacco brands. These brands and Winchester represent less than
+one pct of Rj Reynolds Tobacco USA's total sales, which were
+4.7 billion dlrs in 1986.
+    Reynolds said the sale is expected to be completed on April
+24.
+    The company said it planned to concentrate its resources on
+the manufacture and sale of cigarettes.
+    Reynolds said that Winchester, introduced in 1971, was a
+dominant brand in the little cigar market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1091" NEWID="16556">
+<DATE>13-APR-1987 14:10:34.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2131&#31;reute
+u f BC-(CORRECTED)-CRAZY-EDD   04-13 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED)-CRAZY EDDIE &lt;CRZY> EXECUTIVE OFF BOARD</TITLE>
+<DATELINE>    EDISON, N.J., April 13 - </DATELINE><BODY>Crazy Eddie Inc said executive
+vice president Sam Antar, who turns 66 soon, has resigned from
+its board and has been replaced by William H. Saltzman, vice
+president and general counsel of Sun/DIC Acquisition Corp.
+    The company said Antar remains an executive vice president.
+    Corrects to delete references to Antar being chief
+financial officer and a member of the Office of the President.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1092" NEWID="16557">
+<DATE>13-APR-1987 14:11:42.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>ireland</D><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2134&#31;reute
+w f BC-GUINNESS-PEAT-ORDERS   04-13 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUINNESS PEAT ORDERS CFM ENGINES FOR AIRBUS A320</TITLE>
+<DATELINE>    LONDON, April 13 - </DATELINE><BODY>&lt;GPA Airbus 320 Ltd>, an affiliate of
+Irish aircraft leasing company &lt;GPA Group Ltd>, a Guinness Peat
+&lt;GNSP.L> subsidiary, said it had placed a 320 mln dlr order
+with Franco-U.S. Group &lt;CFM International> to supply the
+engines for the 25 Airbus A320 it has on order.
+    A spokeswoman said the final choice was between the CFM56-5
+engine and the V2500 being developed by the five-nation
+International Aero Engine consortium. CFM is a joint company of
+U.S. General Electric Co &lt;GE> and France's &lt;SNECMA>.
+    She said GPA had not decided which engine should power the
+25 further A320 aircraft on which it has an option.
+    GPA Airbus 320 chairman Peter Swift said in a statement, "We
+received innovative and attractive proposals from both
+manufacturers. We are confident our choice will prove
+attractive to the many airlines which will be leasing our A320
+fleet as it is delivered from 1990 onwards.."
+    GPA Airbus 320 is a joint venture company, owned half by
+GPA Group with &lt;Canadian International Airlines> holding a 25
+pct stake, Airbus Industrie &lt;AINP.PA> a 17.5 stake and Banque
+Paribas holding a 7.5 pct share.
+    The company, based in Shannon, Ireland, is managed by GPA
+Group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1093" NEWID="16558">
+<DATE>13-APR-1987 14:12:41.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2136&#31;reute
+u f BC-/FIRMS-ASK-EXEMPTIONS   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRMS ASK EXEMPTIONS FROM JAPANESE TARIFFS</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Nearly 50 manufacturers and trade
+groups asked the Reagan Administration for exclusions from the
+tariffs it is to impose on Japanese exports Friday.
+    Several police agencies also told a special screening panel
+they wanted a Japanese-made fingerprinting system to be
+excluded because it was vital for crime-fighting.
+    Another 25 firms are to testify tomorrow.
+    President Reagan announced the tariffs on March 27 to
+retaliate for Japan's failure to honor an agreement to stop
+dumping semiconductors in world markets outside the United
+States at below cost and to open its own market to U.S. goods.
+    U.S. semiconductor makers had complained they were being
+injured by Japan's unfair trade practices.
+    The tariffs of 100 pct - up from about five pct - are to be
+applied to 300 mln dlrs worth of Japanese exports including
+power tools, television sets, computer parts and audio
+equipment, in addition to the fingerprinting equipment.
+    Reagan issued a list of several dozen products that could
+be subject to the tariffs, and businessmen, lobbyists and
+others asked for the exclusions in the two days of public
+testimony that began today at the Commerce Department.
+    He said "action should be taken in such a manner that
+efforts to help the semiconductor industry do not inflict
+extensive economic damage on the highly successful information
+technology industry."
+    A spokesman for Amdahl Corp &lt;AMH>, a computer maker, said
+it would be hit hard by tariffs on Fujitsu Ltd equipment
+because Fujitsu was its only supplier of key electronic
+components.
+    Makita U.S.A., Inc, a maker of hand-held electric power
+tools, said if tariffs were imposed on its goods it would have
+to close its U.S. manufacturing operation in Buford, Ga., and
+layoff its entire U.S. workforce of 600 people.
+    The U.S. Trade Representative's Office, which is conducting
+the hearings, said the products to be assessed the higher
+tariffs will be made public on Thursday or Friday.
+    It said it would base its judgment on the impact of the
+tariffs on the companies hit as well as on the buying public.
+    Some of the tariffs would double the price of imports.
+    Law officers from California, Illinois, Alaska and
+elsewhere said they relied on NEC Corp of Japan's advanced
+fingerprinting system and asked it be exempt from the new
+tariffs.
+    Fred Wynbrandt, representing the California attorney
+general's office, said the tariffs would double California
+state and local costs for fingerprinting operations.
+    Many of those testifying backed the idea of retaliatory
+tariffs but not on some goods that would hit their business.
+    Vico Henriques, president of the Computer and Business
+Equipment Manufacturers Association, called for exemptions for
+components that U.S. firms bought in Japan and for goods made
+in Japan under a U.S. license or by a joint venture.
+ more
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1094" NEWID="16559">
+<DATE>13-APR-1987 14:13:32.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>bis</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2137&#31;reute
+r f BC-BIS-HOLDS-REGULAR-MON   04-13 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANKERS HOLDS REGULAR BIS MONTHLY MEETING</TITLE>
+<DATELINE>    BASLE, Switzerland, April 13 - </DATELINE><BODY>Leading central bank
+governors held their routine monthly meeting at the Bank for
+International Settlements (BIS) here today, monetary sources
+said.
+    There was no indication of subjects discussed. No
+statements were planned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1095" NEWID="16560">
+<DATE>13-APR-1987 14:15:31.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2139&#31;reute
+r f BC-DIGITAL-EQUIPMENT-&lt;DE   04-13 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL EQUIPMENT &lt;DEC> TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Digital Equipment Corp said it will
+redeem on May 14 all 75 mln dlrs of its outstanding 9-3/8 pct
+sinking fund debentures of 2000.
+    It will buy back the debentures at 1,052.86 dlrs for each
+1,000 dlr principal amount, including interest, Digital said.
+    The firm will redeem the debentures with funds generated
+from operations. Its capital structure will be strengthened and
+interest expense reduced as a result, the company noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1096" NEWID="16561">
+<DATE>13-APR-1987 14:16:47.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2143&#31;reute
+d f BC-SOFTWARE-SERVICES-OF   04-13 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOFTWARE SERVICES OF AMERICA INC &lt;SSOA.O> NET</TITLE>
+<DATELINE>    LAWRENCE, Mass., April 13 - </DATELINE><BODY>3rd qtr Feb 28
+    Shr profit 14 cts vs loss four cts
+    Net profit 311,994 vs loss 66,858
+    Revs 2,229,273 vs 645,753
+    Nine mths
+    Shr profit 51 cts vs profit two cts
+    Net profit 1,126,673 vs profit 42,718
+    Revs 7,277,340 vs 1,378,372
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1097" NEWID="16562">
+<DATE>13-APR-1987 14:17:16.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D><D>france</D><D>japan</D><D>canada</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2144&#31;reute
+d f BC-TECHNOLOGY   04-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNOLOGY/COMPETITION FOR SATELLITE</TITLE>
+<AUTHOR>    By Catherine Arnst, Reuters</AUTHOR>
+<DATELINE>    BOSTON, April 13 - </DATELINE><BODY>Some of the United States' largest
+aerospace firms are competing with some of the world's most
+powerful nations for a chance to cash in on the coming
+commercialization of space.
+      The newest space race is for contracts to launch
+privately owned satellites into orbit - a business expected to
+be worth two billion to five billion dlrs annually in a few
+years.
+    The growing opportunities to make money in space will be
+highlighted this month when the U.S. National Oceanic
+Atmospheric Administration seeks lucrative commercial bids to
+lauch future weather satellites, ending its long-standing
+dependence on the National Aeronautics and Space
+Administration.
+    Companies and countries with established satellite
+launching operations may also get a jump on eventually
+providing other space-based services, particularly if the
+proposed international manned space station is launched as
+planned in the early 1990s.
+    The 12 billion dlr space station, first proposed by
+President Reagan in 1984, could require as many as 16 cargo
+deliveries a year, many delivered by private firms. The
+partners in the space station are currently slated to be
+Canada, Japan, and the 13-nation European Space Agency, the
+latter two of which also have or are developing their own
+commercial space programs.
+     Until the Challenger explosion in January 1986, NASA had a
+virtual lock on the world's commercial space cargo.
+    But after a re-evaluation of the shuttle program, President
+Reagan declared last August that future U.S. shuttle flights
+will no longer carry commercial payloads.
+    The administration's decision left Arianespace, a
+French-led European consortium, the only option available to
+satellite owners and the concern quickly sold out all its
+planned flights through 1989.
+    The company also raised its prices, from 30,000 dlrs a
+launch to 50,000 dlrs, but even the larger price tag did not
+dampen demand. Arianespace sighned 18 new contracts last year,
+compared with 11 in 1985.
+    Those kind of tariffs have caused even non-capitalist
+countries to try and get a piece of the action.
+    China, the Soviet Union and Japan have all announced
+satellite launch programs and several U.S. firms, including
+McDonnell Douglas Corp, General Dynamics Corp and Martin
+Marietta promised to spend mlns of dollars over the next three
+years to develop their own satellite launch capabilities.
+    There will be some tremendous pent-up demand for satellite
+launches by then, analysts said. Without Challenger, there were
+only three satellite launches last year, 15 fewer than in 1985
+and the lowest since 1980, when only two were sent up.
+    Ariane expects to launch from six to eight satellites a
+year for the next three years, about 75 pct of the world's
+satellite launches during that period.
+     McDonnell Douglas scored the biggest coup of the U.S.
+firms in January when it won a 734 mln dlr U.S. Air Force pact
+for up to 20 unmanned rockets to launch military satellites.
+The contract is expected to underwrite the company's efforts to
+build rockets for private satellite launches.
+      Martin Marietta, however, was the first U.S. company to
+sign up a client, Federal Express Co. Marietta plans to launch
+an ExpressStar communications satellite in 1989.
+    Marietta said it will also build a version of its Titan
+rockets used by the Air Force to other private companies that
+want to get into the satellite launch buisiness.
+    Arianespace director Charles Bigot said the U.S. companies
+will probably become the European firm's biggest competitors
+for satellite launching. He does not expect the national space
+programs to become commercially viable until the late 1990s.
+    Japan has expanded its space program, launching 38
+government-owned satellites in the last 16 years. But most of
+them were small and it was only in February it launched its
+first satellite that circles the earth over the poles.
+    Japan also has yet to design and build its own rockets. The
+satellite launched in February was placed in orbit by a
+McDonnell Douglas-designed Delta rocket assembled by the
+Japanese under license.
+    Tsugo Tadakawa, director of the Washington office of
+Japan's National Space Development Agency (NASDA), said Japan
+plans to launch seven of its H-1 rockets, an American Japanese
+hybrid that replaces the Delta, through 1991. Its much larger
+sucessor, the H-II, should be ready by 1992, he said.
+    NASDA's annual budget is only about 800 mln dlrs, Tadakawa
+said, about 10 pct the size of NASA's yearly spending.
+    Still, NASDA is free from private competition at home and
+has the full support of the government, since aerospace was
+chosen by the Ministry of Trade and Information as one of the
+country's new industries for the next decade.
+     Surprisingly, the People's Republic of China, a relative
+newcomer to aerospace, is so far the most successful competitor
+to Ariane.
+    The country's Great Wall Industry Corp is the only national
+program besides the European consortium to win a private
+satellite contract. It will launch a Westar communications
+satellite for New-York based Terasat in 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1098" NEWID="16563">
+<DATE>13-APR-1987 14:19:47.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2153&#31;reute
+d f BC-GANDER-MOUNTAIN-&lt;GNDR   04-13 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANDER MOUNTAIN &lt;GNDR.O> BUYS WESTERN WEAR FIRM</TITLE>
+<DATELINE>    WILMOT, Wis., April 13 - </DATELINE><BODY>Gander Mountain Inc said it
+acquired privately held Western Ranchman Outfitters, a
+Cheyenne, Wyo., retailer and catalog seller of western apparel.
+    Terms were not disclosed.
+    Western Ranchman had sales of about 2.2 mln dlrs for the
+year ended Jan 31, 1987, the company said.
+    Gander Mountain sells brand name hunting, fishing and
+outdoor gear through catalogs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1099" NEWID="16564">
+<DATE>13-APR-1987 14:20:56.97</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f2156&#31;reute
+r f BC-EC-MEAT-DIRECTIVE-DEA   04-13 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MEAT DIRECTIVE DEADLINE SEEN FLEXIBLE</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>U.S. officials said they held out
+little hope the European Community, EC, would withdraw a
+controversial meat inspection requirement, due to go into
+effect April 30 and which U.S. meat producers claim will cut
+off their exports.
+    But the officials said they expect the EC to allow U.S.
+plants to continue shipping meat through the end of the year
+provided they submit a plant improvement program with the U.S.
+Agriculture Department.
+    The EC's so-called Third Country Meat Directive will
+require foreign meat processing plants to comply fully with EC
+inspection standards beginning April 30.
+    The U.S. meat industry has prepared a petition requesting
+the Reagan administration to retaliate against the EC rule.
+    At issue are U.S. meat exports to the EC valued at 132 mln
+dlrs in 1985.
+    The EC rule would require all U.S. plants to make changes
+in their inspection methods, ranging from veterinary staffing
+to use of wood.
+    Last December, the EC determined that only one U.S. cattle,
+one hog and one sheep slaughtering facility could be approved
+without further review. USDA would have to certify that the
+plants had corrected the deficiencies.
+    All remaining plants with a history or potential of
+shipping to the EC -- totaling nearly 400 -- would require more
+significant changes in plant constructions or procedures before
+further EC review.
+    Robert Hibbert, general counsel for the American Meat
+Institute, said the meat industry expected to submit a formal
+trade retaliation petition by April 30.
+    An interagency committee is reviewing the industry's draft
+petition.
+    An official at the U.S. Trade Representative's Office said
+U.S. officials continued to press the EC to withdraw the rule,
+but that "the chances of that are not too good at this time."
+    However, there is the "expectation" in U.S. government and
+meat industry circles that the EC will continue to allow
+shipments, at least through the end of the calendar year, from
+U.S. plants that submit to USDA a plan on how they will bring
+their operations into conformity with the EC regulation, the
+USTR official said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1100" NEWID="16565">
+<DATE>13-APR-1987 14:23:42.44</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2162&#31;reute
+r f BC-/U.S.-BANKS-LIKELY-TO   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANKS LIKELY TO LIFT PRIME RATES AGAIN SOON</TITLE>
+<AUTHOR>    By Martin Cherrin, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Major U.S. banks may lift prime
+lending rates again within days due to recent increases in
+their borrowing costs and speculation the Federal Reserve is
+nudging up interest rates to help the dollar, economists said.
+    In what was the first prime rate boost since mid-1984, most
+banks in early April lifted their rates a quarter point to
+7-3/4 pct, citing a reduced gap between the prime and their own
+cost of money. That spread has narrowed again.
+    "A prime rate increase could happen as soon as tonight,"
+said Robert Brusca of Nikko Securities Co International Inc.
+    Brusca said a quarter-point prime rate rise to eight pct is
+justified because the spread between banks' cost of funds and
+the prime rate has narrowed to less than three quarters of a
+percentage point.
+    He said that spread had averaged around 1.4 percentage
+points since last October until it fell below one point and
+triggered the April prime rate rise at most banks.
+    "We could easily have another prime rate increase as soon
+as this week," said David Jones of Aubrey G. Lanston and Co.
+    "We've got a fairly good chance of a prime rate rise in the
+near future," said Allan Leslie of Discount Corp.
+    "Based on the spread between the prime rate and funding
+costs, you would ordinarily see a prime rate increase now,"
+said Harold Nathan, economist at Wells Fargo Bank.
+    However, he said banks may be reluctant to lift the prime
+because that would dampen already fairly weak business loan
+demand and because some are not sure the Fed will maintain
+recent upward pressure on money market interest rates.
+    Nathan believes the Fed has let market pressures lift
+short-term rates in recent days to help the ailing dollar. He
+said "if there is widespread belief money market rates will
+stay high, a prime rate rise could occur at any time."
+    Fed officials have long expressed concern that too steep a
+dollar drop could help rekindle U.S. inflation. As the dollar
+fell to a 40-year low against the yen Friday, currency traders
+said the Fed and other central banks supported the dollar.
+    In addition to buying dollars outright, another way to
+stabilize the U.S. currency would be for the Fed to push U.S.
+interest rates higher relative to overseas rates.
+    Based particularly on the Fed's reserve management actions
+on Friday and today, Nathan of Wells Fargo said "it has become
+clear that the Fed is not fully resisting upward rate pressure
+in the market. It is supplying fewer reserves than are needed."
+    Bank funding costs and other short and long-term interest
+rates rose sharply Friday and today on heightened speculation
+that the Fed is gently firming monetary policy.
+    That was because the Fed supplied far fewer reserves in the
+market than most economists had expected.
+    On Friday, the Fed added reserves indirectly and in small
+amounts via one billion dlrs of customer repurchase agreements
+with the Federal funds rate at which banks lend to one another
+high at 6-5/16 pct. With funds trading even higher at 6-1/2 pct
+today, the Fed arranged only a slightly larger 1.5 billion dlr
+round of customer repurchase agreements.
+    "The Fed's actions on Friday and today show that it is
+offering only token resistance to upward funds rate pressures,"
+said Jones of Lanston.
+    "The Fed is focusing its policy attention mainly on the
+need to defend the dollar," Jones said. He believes it is
+merely shading policy toward restraint now, "but to have a
+major impact on the dollar, the Fed will have to tighten policy
+overtly at some point."
+    Jones expects the Fed to foster higher market rates by
+becoming more restrictive in supplying reserves and, within
+four to six weeks, to raise its discount rate from 5-1/2 pct.
+    Jones said a U.S. discount rate increase to six pct might
+well be accompanied by West German and Japanese rate cuts to
+further aid the dollar.
+    Given likely Fed policy firming, he said both the yield on
+30-year Treasury bonds (about 8.30 pct now) and the prime rate
+may be at 8-1/2 pct at end-June and nine pct by year's end.
+    "The jury is still out on whether the Fed is tightening
+policy to defend the dollar," said Leslie of Discount Corp. He
+said tax-date pressures have been pushing up Fed funds lately.
+Leslie said Fed actions and reserve data once these pressures
+abate will show whether or not it is firming policy.  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1101" NEWID="16566">
+<DATE>13-APR-1987 14:25:07.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2165&#31;reute
+d f BC-BANKAMERICA-&lt;BAC>-SET   04-13 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> SETS NEW BANKING SERVICE</TITLE>
+<DATELINE>    SAN FRANCISCO, April 13 - </DATELINE><BODY>BankAmerica Corp said it has
+introduced an electronic information and transaction service
+for small businesses in California.
+    The bank holding company said the service, called Business
+Connection, allows customers to use personal computers to
+transefer money between accounts, check account balances in
+Bank of America business checking, savings and credit card
+accounts, and to call up checking account statements.
+    The service also allows businesses to use electronic mail
+to stop payments on checks, access commercial credit lines for
+advancements and repayments,  and to pay bills.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1102" NEWID="16567">
+<DATE>13-APR-1987 14:25:41.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D><D>howard-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2166&#31;reute
+u f BC-/U.S.-OFFICIALS-SAY-N   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OFFICIALS SAY NO PROGRESS ON JAPAN DISPUTE</TITLE>
+<DATELINE>    SANTA BARBARA, Calif., April 13 - </DATELINE><BODY>White House officials
+said no progress had been made in talks with Japan on a dispute
+on Japanese microchip sales.
+    President Reagan's National Security Adviser Frank Carlucci
+told reporters "it looks like a very difficult situation at this
+point."
+    The Reagan administration is due to slap 100 pct tariffs on
+a range of Japanese products on Friday in retaliation for
+Japan's alleged failure to honor an agreement to stop dumping
+semiconductors in world markets outside the U.S. and failure to
+open its own market to U.S. goods.
+    White House chief of staff Howard Baker said that talks
+with the Japanese had failed to provide any reason to prevent
+the publication of a proclamation on Friday putting the new
+duties in effect.
+    "I assume that there will be a proclamation on Friday," Baker
+said. Carlucci said that the evidence of Japanese microchip
+dumping at below production costs in third countries had been
+fairly conclusive. He said that in U.S.-Japanese talks that
+concluded last Friday, Japanese officials presented statistics
+to show that Japan had made its market more open to American
+products.
+    "Our statistics do not confirm this, indeed they tend to go
+in the other direction," Carlucci said.
+    Baker and Carlucci appeared before White House reporters as
+Reagan enjoyed a vacation at his mountaintop ranch near Santa
+Barbara.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1103" NEWID="16568">
+<DATE>13-APR-1987 14:26:11.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2170&#31;reute
+d f BC-HEALTH-AND-REHABILITA   04-13 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH AND REHABILITATION &lt;HRP> SETS FIRST DIVI</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., April 13 - </DATELINE><BODY>Health and Rehabilitation
+Properties Trust said it declared its initial dividend of 55
+cts per share for the quarter ending March 31, 1987.
+    The dividend is payable May 20 to shareholders of record
+April 20, 1987, it said.
+    The dividend includes five cts attributable to the period
+between Dec 23 and 31, 1986, and 50 cts attributable to the
+first quarter of 1987, ending March 31, 1987.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1104" NEWID="16569">
+<DATE>13-APR-1987 14:26:27.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2171&#31;reute
+r f BC-UTAH-POWER-AND-LIGHT   04-13 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UTAH POWER AND LIGHT CO &lt;UTP> 1ST QTR NET</TITLE>
+<DATELINE>    SALT LAKE CITY, April 13 -
+    </DATELINE><BODY>Shr 46 cts vs 58 cts
+    Net 29.0 mln vs 37.9 mln
+    Revs 251.2 mln vs 254.2 mln
+    Avg shrs 57.9 mln vs 56.0 mln
+    12 mths
+    Shr 1.36 dlrs vs 2.37 dlrs
+    Net 93.7 mln vs 152.3 mln
+    Revs 981.9 mln vs 1.03 billion
+    Avg shrs 57.2 mln vs 55.3 mln
+    NOTE: 1987 12 mth net includes 43.7 mln dlr charge due to
+December 1986 provision for coal mining operations refund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1105" NEWID="16570">
+<DATE>13-APR-1987 14:26:44.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>sweden</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2172&#31;reute
+r f BC-ERICSSON-&lt;ERICY.O>-TO   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERICSSON &lt;ERICY.O> TO BUY REST OF SPANISH UNIT</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>L.M. Ericsson of Sweden said it agreed
+in principle to buy the 49 pct of Intelsa, its Spanish unit,
+that it does not already own from &lt;Telefonica>, Spain's
+telecommunications administration.
+    Terms of the agreement were not disclosed.
+    Ericsson said Intelsa, which controls about 40 pct of the
+Spanish telephone switch market, has 2,400 employees and annual
+sales of 800 mln crowns, or 117 mln dlrs.
+    "The purchase will not affect the close working
+relationship between Telefonica and Intelsa," Ericsson said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1106" NEWID="16571">
+<DATE>13-APR-1987 14:27:04.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2174&#31;reute
+h f BC-ITS-DEVELOPS-INTERACT   04-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITS DEVELOPS INTERACTIVE VIDEO SYSTEMS</TITLE>
+<DATELINE>    BEDFORD, Mass., April 13 - </DATELINE><BODY>&lt;ITS Inc> said it has completed
+development of two interactive video systems for &lt;Mass Mutual
+Insurance Co> under a two mln dlr development agreement.
+    ITS said the systems are integrated, interactive marketing
+and training programs designed for the insurance industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1107" NEWID="16572">
+<DATE>13-APR-1987 14:27:34.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2175&#31;reute
+d f BC-INSITUFORM-&lt;IGLSF.O>   04-13 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSITUFORM &lt;IGLSF.O> RAISES WARRANT EXERCISE PRICE</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Insituform Group Ltd said the exercise
+price of its publicly-held warrants will increase 38 cts to
+2.76 dlrs per share on April 25 and will increase 38 cts on
+each succeeding April 25 until their April 25, 1990 expiration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1108" NEWID="16573">
+<DATE>13-APR-1987 14:27:43.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2176&#31;reute
+d f BC-PICTEL-CORP-&lt;PCTL.O>   04-13 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PICTEL CORP &lt;PCTL.O> CHANGES NAME</TITLE>
+<DATELINE>    PEABODY, Mass., April 13 - </DATELINE><BODY>PicTel Corp said it has changed
+its name to PictureTel Corp, effective immediately.
+    It said Pacific Telesis Grouyp &lt;PAC> had threatened legal
+action if it did not cease the use of the name PicTel, alleging
+that it conflicted with Telesis' trademark PACTEL.
+    The company said Telesis will reimburse it for some
+expenses of the name change, which was approved by shareholders
+at the annual meeting last week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1109" NEWID="16574">
+<DATE>13-APR-1987 14:27:50.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2177&#31;reute
+r f BC-COMPUTRAC-&lt;LLB>-SEES   04-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTRAC &lt;LLB> SEES LOWER FIRST QUARTER NET</TITLE>
+<DATELINE>    DALLAS, April 13 - </DATELINE><BODY>CompuTrac Inc said it expects first
+quarter earnings to be down 50 to 60 pct from a year ago.
+    In last year's first quarter ended April 30, CompuTrac
+earned 379,000 dlrs on revenues of 2.4 mln dlrs.
+    The company said sales commitments on hand are about 50 pct
+above those of a year ago, but system sales revenues are
+recognized at shipment, and only 30 to 40 pct of sales
+commitments in hand will ship during the period.
+    It said its outlook for the year remains unchanged.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1110" NEWID="16575">
+<DATE>13-APR-1987 14:28:14.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2178&#31;reute
+r f BC-DATAPOINT-&lt;DPT>-NAMES   04-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATAPOINT &lt;DPT> NAMES NEW EXECUTIVES</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, April 13 - </DATELINE><BODY>Datapoint Corp said it named
+John Novak to the newly-created position of senior vice
+president of operations, and John Peter as chief financial
+officer.
+    Peter replaces Stewart Paperin, who also held the
+treasurer's post, the company said. Datapoint named Stephen
+Baum as its treasurer and vice president of financial planning.
+    Also named to vice president positions were George Beason,
+of customer sales and development, who replaced Charles McCoy.
+    Gordon Cardigan, of communications, and Charles Temple, of
+human resources and corporate administration, filled vacancies,
+the company said.
+    Novak was formerly vice president and general manager of
+manufacturing and support operations, the company said. Peter
+was vice president and corporate controller, it added.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1111" NEWID="16576">
+<DATE>13-APR-1987 14:30:05.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2183&#31;reute
+d f BC-&lt;HITECH-ENGINEERING-C   04-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;HITECH ENGINEERING CO> WINS JUDGMENT</TITLE>
+<DATELINE>    MCLEAN, Va., April 13 - </DATELINE><BODY>Hitech Engineering Co said it won
+litigation brought against it by Coldwell Banker Commercial
+Services Group, a unit of Sears, Roebuck and Co &lt;S>.
+    In the lawsuit, tried in U.S. District Court for the
+Eastern District of Virginia, Coldwell had claimed that Hitech
+improperly canceled a lease for additional office space and
+sought damages of 350,000 dlrs.
+    The company said the plaintiff has the right to appeal but
+that no appeal has been filed to date. Hitech's legal counsel
+is confident that the verdict will not be overturned, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1112" NEWID="16577">
+<DATE>13-APR-1987 14:30:23.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2184&#31;reute
+u f BC-NOVA-&lt;NVA.A.TO>-NOT-P   04-13 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVA &lt;NVA.A.TO> NOT PLANNING DOME &lt;DMP> BID</TITLE>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>Nova, an Alberta Corp, chief executive
+Robert Blair expressed hope that Dome Petroleum Ltd &lt;DMP>
+remains under Canadian ownership, but added that his company
+plans no bid of its own for debt-troubled Dome.
+    "We've no plan to bid," Blair told reporters after a speech
+to a business group, although he stressed that Nova and 57
+pct-owned Husky Oil Ltd &lt;HYO> were interested in Dome's
+extensive Western Canadian energy holdings.
+    "But being interested can sometimes be different from
+making a bid," Blair said.
+    TransCanada PipeLines Ltd &lt;TRP> yesterday bid 4.30 billion
+dlrs for Dome, but Dome said it was discontinuing talks with
+TransCanada and was considering a proposal from another company
+and was also talking with another possible buyer, both rumored
+to be offshore.
+    Asked by reporters if Dome should remain in Canadian hands,
+Blair replied, "Yes. I think that we still need to be building
+as much Canadian position in this industry as we can and I
+think it would be best if Dome ends up in the hands of Canadian
+management."
+    He said he did not know who other possible bidders were.
+    Blair said that any move to put Dome's financial house in
+order "will remove one of the general problems of attitude that
+have hung over Western Canadian industry."
+    He added, however, that the energy industry still faced "a
+couple of tough, tough additional years."
+    Asked about Nova's 1987 prospects, Blair predicted that
+Nova's net profit would rise this year to more than 150 mln
+dlrs from last year's net profit of 100.2 mln dlrs due to
+improved product prices and continued cost-cutting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1113" NEWID="16578">
+<DATE>13-APR-1987 14:31:23.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>boesky</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2189&#31;reute
+b f BC-******FEDERAL-COURT-D   04-13 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>FEDERAL COURT DISMISSES FMC CORP'S INSIDER TRADING SUIT AGAINST IVAN BOESKY, COURT CLERK SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1114" NEWID="16579">
+<DATE>13-APR-1987 14:32:21.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>switzerland</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2195&#31;reute
+r f BC-DONALDSON-LUFKIN-JENR   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DONALDSON LUFKIN JENRETTE SUED BY SWISS FIRM</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>&lt;Associated Metals and Minerals Corp>
+said its Swiss subsidiary, &lt;Metall und Rohstoff AG>, sued
+&lt;Donaldson Lufkin and Jenrette Inc>, the New York investment
+bank, for 65 mln dlrs.
+    The amount reflects the unsatisfied portion of a judgment
+issued in February by a London court against ACLI Metals
+(London) Ltd, a unit of DLJ, the company said.
+    A London Commercial court found that a DLJ managing
+director and ACLI employees fraudulently misappropriated Metal
+und Rohstoff collateral in 1983 to cover deficits in aluminum
+trading accounts, it said.
+    The court awarded 76 mln dlrs plus costs to Metall und
+Rohstoff, which received about 10 mln dlrs from ACLI.
+    The new lawsuit alleges that DLJ management misappropriated
+collateral and also charges it with breach of trust and abuse
+of the legal process.
+    In addition, Metall und Rohstoff has filed a petition in
+London seeking the compulsory involuntary bankruptcy of ACLI
+London. It is expected that a liquidator will be named shortly,
+Associated said.
+    DLJ is owned by &lt;Equitable Life Assurance Society of the
+U.S.>
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1115" NEWID="16580">
+<DATE>13-APR-1987 14:34:19.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2207&#31;reute
+r f BC-PIEDMONT-AVIATION-&lt;PI   04-13 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT AVIATION &lt;PIE> FREIGHT TRAFFIC UP</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., April 13 - </DATELINE><BODY>Piedmont Aviation Inc said
+March cargo ton miles, includiung U.S. mail and air express
+services, were up 27.2 pct to 4,763,432 from 3,744,535.
+    For the year to date, it said cargo ton miles were up 26.7
+pct to 13.3 mln from 10.5 mln a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1116" NEWID="16581">
+<DATE>13-APR-1987 14:34:27.43</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2208&#31;reute
+r f BC-EXXON-&lt;XON>-EXTENDS-M   04-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> EXTENDS MID-GRADE UNLEADED MARKETING</TITLE>
+<DATELINE>    HOUSTON, April 13 - </DATELINE><BODY>Exxon Co U.S.A. said it is expanding
+marketing of its mid-grade unleaded gasoline along the U.S.
+East Coast.
+    The Exxon Corp subsidiary said the changeover to the
+89-octane unleaded fuel will begin late this month and early
+next in major markets in Virginia, Maryland, Florida, and the
+District of Columbia. The product was introduced in New York,
+New Jersey, Delaware, Connecticut, Rhode Island, Massachusetts,
+New Hampshire and the Philadelphia area late last year.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1117" NEWID="16582">
+<DATE>13-APR-1987 14:34:40.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2210&#31;reute
+d f BC-FIBERCOM-TO-INSTALL-F   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIBERCOM TO INSTALL FIBER-OPTIC DATA NETWORK</TITLE>
+<DATELINE>    ROANOKE, Va., April 13 - </DATELINE><BODY>&lt;FiberCom Inc> said it signed a
+contract with &lt;Computer Connection A/S>, Mjoendalen, Norway, to
+install a data communications network based on fiber optics.
+    Under terms of the 3.5 mln dlr agreement, the company said
+it will supply Computer Connection with 6,000 transceivers and
+its WhisperNet local area network, which employs the Ethernet
+standard.
+    FiberCom said the network will connected 125 of Norway's
+largest banks. It said the network will be the largest
+fiber-optic based data network in the world.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1118" NEWID="16583">
+<DATE>13-APR-1987 14:38:13.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2224&#31;reute
+d f BC-&lt;FIRST-MONTAUK-SECURI   04-13 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FIRST MONTAUK SECURITIES> IN MERGER DEAL</TITLE>
+<DATELINE>    EATONTOWN, N.J., April 13 - </DATELINE><BODY>First Montauk Securities Corp
+said it has reached a preliminary merger agreement with
+MCC-Presidential Inc.
+    The company said MCC shareholders would have a 25 pct stake
+in the combined company and would receive a cash distribution
+of about 35 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1119" NEWID="16584">
+<DATE>13-APR-1987 14:38:54.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2226&#31;reute
+u f BC-BARNETT-BANKS-OF-FLOR   04-13 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARNETT BANKS OF FLORIDA INC &lt;BBF> 1ST QTR NET</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., April 13 -
+    </DATELINE><BODY>Shr 82 cts vs 72 cts
+    Net 44.6 mln vs 38.9 mln
+    Avg shrs 54.3 mln vs 52.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1120" NEWID="16585">
+<DATE>13-APR-1987 14:41:16.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2233&#31;reute
+r f BC-GOLDEN-WEST-FINANCIAL   04-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDEN WEST FINANCIAL CORP &lt;GDW> 1ST QTR NET</TITLE>
+<DATELINE>    OAKLAND, Calif., April 13 -
+    </DATELINE><BODY>Shr 1.35 dlrs vs 1.53 dlrs
+    Net 42,137,000 vs 47,792,000
+    Loans 10.26 billion vs 9.97 billion
+    Deposits 7.65 billion vs 7.63 billion
+    Assets 11.84 billion vs 12.00 billion
+    Note: Current qtr figures include 3.3 mln dlr charge 
+resulting from penalties for prepayment of FHLB borrowings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1121" NEWID="16586">
+<DATE>13-APR-1987 14:50:04.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2256&#31;reute
+r f BC-S/P-KEEPS-BORG-WARNER   04-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P KEEPS BORG-WARNER ON CREDITWATCH</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Standard and Poor's Corp said it is
+keeping Borg-Warner Corp's 400 mln dlrs of debt on creditwatch
+with negative implications.
+    Under review are the company's A-plus senior debt and A-1
+commercial paper.
+    S and P cited an offer by a Merrill Lynch and Co-backed
+investment group's offer to acquire Borg-Warner for 3.76
+billion dlrs.
+    The purchase would increase Borg-Warner's financial risk
+and impair its earnings and cash flow protection, resulting in
+a debt leverage rise to a very high level, S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1122" NEWID="16587">
+<DATE>13-APR-1987 14:53:50.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2259&#31;reute
+u f BC-HONEYWELL-INC-&lt;HON>-1   04-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONEYWELL INC &lt;HON> 1ST QTR OPER NET</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., April 13 -
+    </DATELINE><BODY>Oper shr 96 cts vs 79 cts
+    Oper net 43.7 mln vs 36.4 mln
+    Sales 1.48 billion vs 1.15 billion
+    NOTE: 1987 sales includes operations of Sperry Aerospace.
+    1986 operating net excludes a charge from discontinued
+operations of 10.2 mln dlrs or 22 cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1123" NEWID="16588">
+<DATE>13-APR-1987 14:54:33.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2261&#31;reute
+u f BC-WALL-STREET-STOCKS/BR   04-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/BROWNING FERRIS &lt;BFI></TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>The Environmental Protection Agency's
+five to 10 mln dlr suit against a Browning-Ferris Industries
+Inc &lt;BFI> unit, CECOS International Inc, caused the stock to
+drop today, analysts said.
+    The stock has fallen 2-1/4 to 56-1/8 so far today, after
+the news about the suit was released this morning.
+    "It's potentially a big suit and investors feel that its
+not good to go against regulators," Kenneth Ch'u-K'ai Leung, a
+Smith Barney analyst said.
+    "What investors are actually saying by selling off some BFI
+shares is the cloud over this industry is the threat that the
+EPA will get tough on waste management companies," Willard
+Brown, senior analyst for First Albany Corp.
+    "Investors are saying to themselves that waste management
+companies have that kind of exposure to regulatory suits,"
+Brown said. Brown said if the suit were settled for 10 mln dlrs
+it would have an impact on Browning Ferris earnings.
+    Leung said, however, that Browning-Ferris has adequate cash
+reserves to cover the fine. "It would have no impact on
+earnings whatsoever," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1124" NEWID="16589">
+<DATE>13-APR-1987 14:55:59.33</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2264&#31;reute
+u f BC-HOMESTAKE-&lt;HM>-MULLS   04-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOMESTAKE &lt;HM> MULLS BUYING ORE RESERVES</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Homestake Mining Co is considering
+acquiring more gold ore reserves in addition to the company's
+exploration efforts, chief executive Harry Conger told Reuters
+in an interview.
+    "We are looking at more options to acquire more reserves
+rather than just exploration," Conger said adding, "the move to
+consider acquisitions represents a change in the company's
+acquisitions policy."
+    Conger said all of Homestake's current cash position of 120
+mln dlrs would be available to acquire reserves. In addition,
+Homestake has two lines of credit totaling 150 mln dlrs which
+have not been drawn on today and could be used to finance an
+acquisition, he said.
+    Conger said he anticipates 1987 exploration budget will be
+about the same as 1986 spending of 27.3 mln dlrs. Conger said
+exploration for precious metals may be slightly higher than
+last year's spending of 17.7 mln dlrs while oil and gas
+exploration spending will be slightly less than last year's 9.6
+pct.
+    Conger said he sees Homestake's 1987 gold production about
+the same as 1986 gold production of 669,594 ounces.
+    However, 1987 first quarter production from its McLaughlin
+reserve will be about 10 pct lower than last year's 45,400
+ounces due to start-up production problems.
+    He said he believes gold prices will hold above the 400
+U.S. dlr an ounce level for the rest of 1987.
+     IN 1986, company earnings were based an average market
+price for gold of 368 dlrs an ounce.
+    Conger said a three pct change in gold prices represents a
+12 cts a share impact on earnings but he declined to give a
+specific forecast for 1987's first quarter, due to be released
+in 10 days, or for full year 1987 results.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1125" NEWID="16590">
+<DATE>13-APR-1987 14:56:09.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2265&#31;reute
+d f BC-CHRONAR-CORP-&lt;CRNR.O>   04-13 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRONAR CORP &lt;CRNR.O> YEAR LOSS</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Shr loss 95 cts vs loss nine cts
+    Net loss 6,882,497 vs loss 513,153
+    Revs 11.3 mln vs 10.0 mln
+    Avg shrs 7,251,000 vs 6,017,000
+    NOTE: 1986 net includes 1,600,000 dlrs in increased
+provisions for uncollectible receivables from affiliates, lower
+recoverable value of inventories and writeoffs of capitalized
+costs on discontinued projects, 1,700,000 dlr provision for
+resolution of shareholder class action suit and gain 1,300,000
+dlrs from repurchase of manufacturing equipment.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1126" NEWID="16591">
+<DATE>13-APR-1987 14:57:33.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2271&#31;reute
+r f BC-empire   04-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMPIRE &lt;EMPA.TO> TO BUY SOBEYS &lt;SYSA.TO> STOCK</TITLE>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>Empire Co Ltd said it will acquire all
+shares of Sobeys Stores Ltd it does not already own under an
+arrangement approved by directors of both companies.
+    Holders of Sobeys class A non-voting shares and class B
+common shares may elect to receive either 1.6 non-voting class
+A Empire shares or one non-voting class A Empire share and
+one-half of an eight pct redeemable retractable preferred
+share. The preferred share has a par value of 25 dlrs and is
+retractable at the holder's option on May 1, 1994.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1127" NEWID="16592">
+<DATE>13-APR-1987 14:57:46.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2272&#31;reute
+d f BC-INTERNATIONAL-RESEARC   04-13 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL RESEARCH &lt;IRDV> 1ST QTR NET</TITLE>
+<DATELINE>    MATTAWAN, MICH., April 13 -
+    </DATELINE><BODY>Shr six cts vs three cts
+    Net 152,360 vs 94,141
+    Revs 4,073,911 vs 4,116,333
+    NOTE: International Research and Development Corp is full
+name of company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1128" NEWID="16593">
+<DATE>13-APR-1987 14:58:31.72</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2276&#31;reute
+r f BC-BROOKLYN-UNION'S-&lt;BU>   04-13 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROOKLYN UNION'S &lt;BU> UNIT TO EXPAND DRILLING</TITLE>
+<DATELINE>    BROOKLYN, N.Y., April 13 - </DATELINE><BODY>Brooklyn Union Gas Co's Brooklyn
+Union Exploration Co Inc unit said it entered a 200 mln dlr
+three-year gas and oil exploration and development venture with
+Smith Offshore Exploration Co.
+    The agreement calls for drilling of 10 to 12 offshore wells
+per year, primarily in the Gulf of Mexico area off the Texas
+and Louisiana coasts and 30 to 40 onshore Texas and Louisiana
+Gulf Coast wells.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1129" NEWID="16594">
+<DATE>13-APR-1987 14:59:59.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2280&#31;reute
+u f BC-MOODY'S-MAY-UPGRADE-B   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY UPGRADE BELL ATLANTIC &lt;BEL> UNIT</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may upgrade 1.28 billion dlrs of debt of New Jersey Bell
+Telephone Co, a unit of Bell Atlantic Corp.
+    The agency will evaluate New Jersey Bell's ability to
+sustain its improved financial performance, including interest
+coverage, capital structure and profitability. Moody's will
+also assess the likelihood of continued constructive regulatory
+treatment.
+    New Jersey Bell currently carries Aa-1 debentures. Its
+Prime-1 commercial paper rating is not under review. Moody's
+also cited a strong New Jersey economy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1130" NEWID="16595">
+<DATE>13-APR-1987 15:03:05.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM E A
+&#22;&#22;&#1;f2290&#31;reute
+f f BC-embargoed-for-1500-ed   04-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>CANADA PLANS THREE-PART, ONE BILLION DLR BOND ISSUE TUESDAY - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1131" NEWID="16596">
+<DATE>13-APR-1987 15:04:48.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>boesky</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2298&#31;reute
+u f BC-/COURT-DISMISSES-FMC   04-13 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT DISMISSES FMC &lt;FMC> SUIT AGAINST BOESKY</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>FMC Corp's 225 mln dlr insider trading
+case against Wall Street arbitrageur Ivan Boesky was dismissed
+by a federal court, a court clerk said.
+    Federal Judge Ann C. Williams, in an oral ruling, said FMC
+had not been harmed by trading in FMC stock by Boesky and other
+traders prior to FMC's two-billion dlr recapitalization last
+year.
+    FMC had claimed insider trading by Boesky had forced it to
+increase the value of the recapitalization to 80 dlrs a share
+from 70 dlrs a share.
+    FMC had charged that Boesky received confidential
+information about FMC's planned recapitalization from Dennis
+Levine, a former merger specialist with Drexel Burnham Lambert
+Inc.
+    An FMC spokeswoman said in response to an inquiry that FMC
+might appeal the ruling, made in the U.S. District Court for
+the Northern District of Illinois, once a formal written
+decision is received. The written ruling is expected April 15.
+    The spokeswoman said FMC might appeal alleged contract
+violations involved in the dispute. That part of the case,
+involving a contract between FMC and Goldman Sachs and Co,
+would be appealed to an Illinois state court, she said.
+    Goldman Sachs was FMC's investment banker in its planned
+restructuring. A FMC spokeswoman said the contract was a
+standard contract under which Goldman Sachs advised FMC on the
+restructuring.
+    "We are certainly taking a look at appealing" the ruling in
+Illinois state court, the FMC spokeswoman said in response to
+an inquiry.
+    The suit claimed that Boesky bought 95,300 FMC shares
+between February 18 and February 21, 1986, selling those shares
+for a profit of 975,000 dlrs on February 21, the day FMC first
+said it was considering a recapitalization.
+    Also, the suit said Boesky bought a further 1,922,000 FMC
+shares between March 12 and April four, acknowledging the
+purchase of a 7.5 pct stake in the company in a 13-D filing
+with the Securities and Exchange Commission on April seven.
+    "We alleged his actions kept the stock price artificially
+high and put pressure on FMC to increase the terms of the
+recapitalization," the FMC spokeswoman said.
+    The increase to 80 dlrs from 70 dlrs a share was announced
+April 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1132" NEWID="16597">
+<DATE>13-APR-1987 15:05:50.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2302&#31;reute
+u f BC-(CORRECTED)---GOODYEA   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CORRECTED) - GOODYEAR &lt;GT> TO SELL CELERON</TITLE>
+<DATELINE>    AKRON, Ohio, April 13 - </DATELINE><BODY>Goodyear Tire and Rubber Co said it
+expects to sell its Celeron Corp oil and gas subsidiary for
+about two billion dlrs in about two months.
+    After the company's annual meeting, Rober Mercer,
+Goodyear's chairman and chief executive officer, also said 
+Goodyear expects to report a profit of more than one dlr a
+share from continuing operations in the first quarter. In the
+same year-ago period, Goodyear reported a loss of 59 cents a
+share from continuing operations.
+    Mercer said about seven companies are interested in buying
+Celeron and they may form a consortium to buy the unit.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1133" NEWID="16598">
+<DATE>13-APR-1987 15:06:11.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2305&#31;reute
+d f BC-INT'L-RESEARCH/DEVELO   04-13 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L RESEARCH/DEVELOPMENT &lt;IRDV.O> 1ST QTR NET</TITLE>
+<DATELINE>    MATTAWAN, Mich., April 13 - 
+    </DATELINE><BODY>Shr six cts vs three cts
+    Net 152,360 vs 94,141
+    Revs 4,073,911 vs 4,116,333
+    Note: Full name is International Research and Development
+Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1134" NEWID="16599">
+<DATE>13-APR-1987 15:07:28.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2308&#31;reute
+f f BC-******BANK-OF-NEW-ENG   04-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF NEW ENGLAND CORP 1ST QTR SHR 1.04 DLRS VS 83 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1135" NEWID="16600">
+<DATE>13-APR-1987 15:07:45.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2309&#31;reute
+r f BC-HONEYWELL-&lt;HON>-CITES   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONEYWELL &lt;HON> CITES COST CUTTING FOR GAIN</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., April 13 - </DATELINE><BODY>Honeywell Inc said a gain of
+20.1 pct in its 1987 first quarter operating earnings was the
+result of cost cutting efforts which began last year.
+    Honeywell reported 1987 first quarter operating earnings
+rose to 43.7 mln dlrs or 96 cts a share from 36.4 mln dlrs or
+79 cts in the same period a year ago.
+    Better operating results in each of the company's three 
+sectors offset higher interest costs in the first quarter due
+to financing the December acquisition of Sperry Aerospace and
+the sharing of the Federal Systems subsidiary pre-tax profit
+with Honeywell Bull Inc, Honeywell said.
+    "Our first quarter results show clear benefits of our
+restructuring," chairman Edson Spencer said. "All of our
+businesses are producing better results than last year, even
+though we do not see significant improvement in the external
+market environment," he said.
+    Total orders in the first quarter were up substantially,
+with a sharp increase in aerospace and defense orders in
+addition to those of the new Sperry Aerospace group, it said.
+    Domestic industrial automation and control orders were
+modestly higher than the same period in 1986, it said.
+    Orders in Honeywell's home and building automation and
+control business were flat in the U.S. and up in international
+markets, it said.
+    International orders increased, with the greatest strength
+in Europe, Honeywell said.
+    The company said that by year-end 1987, it intends to
+complete the repurchase of 3.3 mln shares remaining of a five
+mln share buyback program which began in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1136" NEWID="16601">
+<DATE>13-APR-1987 15:08:56.81</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2312&#31;reute
+u f BC-CCC-CREDIT-GUARANTEES   04-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC CREDIT GUARANTEES FOR RICE TO ALGERIA - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The Commodity Credit Corporation,
+CCC, has authorized 3.0 mln dlrs in credit guarantees for sales
+of U.S. rice to Algeria for fiscal year 1987 under the Export
+Credit Guarantee Program, GSM-102, the U.S. Agriculture
+Department said.
+    The additional guarantees increase the cumulative fiscal
+year 1987 program for sales of U.S. agricultural products to
+Algeria to 469.0 mln dlrs.
+    To be eligible for the credit guarantee coverage, all sales
+under the new line must be registered and exported by September
+30, 1987, the department aid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1137" NEWID="16602">
+<DATE>13-APR-1987 15:09:58.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2318&#31;reute
+u f BC-/MGM/UA-COMMUNICATION   04-13 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MGM/UA COMMUNICATIONS &lt;MGM> 2ND QTR FEB 28 LOSS</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., April 13 -
+    </DATELINE><BODY>Shr loss 34 cts
+    Net loss 17.1 mln vs profit 10.1 mln
+    Revs 106.2 mln vs 101.2 mln
+    Six mths
+    Shr loss 28 cts
+    Net loss 14.4 mln vs profit 11.6 mln
+    Revs 237.2 mln vs 179.5 mln
+    Note: Company said year ago per share not given as not
+comparable due to certain allocations of expenses from the
+Turner Entertainment Group, not made in subsequent periods.
+1987 results reflect the TBS merger agreement and operations of
+the company as independent agent. 1986 data includes
+extraordinary tax loss carryforward gains of 1,185,000 dlrs in
+qtr and six mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1138" NEWID="16603">
+<DATE>13-APR-1987 15:11:00.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2320&#31;reute
+d f BC-&lt;SPENCER-COS>-SUES-CH   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SPENCER COS> SUES CHASE MANHATTAN &lt;CMB></TITLE>
+<DATELINE>    BOSTON, April 13 - </DATELINE><BODY>Spencer Cos Inc said it sued two Chase
+Manhattan Corp units for forcing Spencer and its subsidiaries
+to seek protection from creditors under Chapter 11 of the U.S.
+Bankruptcy Code.
+    The lawsuit, filed in the U.S. District Court for the
+District of Massachusetts, seeks 100 mln dlrs in actual
+damages, 300 mln dlrs in additional damages and recovery of
+attorney's fees. In the nine-count complaint, Spencer contends
+that Chase Manhattan Bank, while purporting to negotiate
+additional financing, inflated Spencer's accounts, dishonored
+its checks and seized 600,000 dlrs from its accounts without
+notification.
+    The company said Chase then demanded immediate repayment of
+its 3.2 mln dlrs unsecured loan.
+    The suit also names Chase National Corporate Services Inc
+as a defendant.
+    The damages sought include a loss of about 40 mln dlrs on
+the liquidation of Spencer's Happy Legs Inc subsidiary, the
+footwear retailer said.
+    Spencer said it has recovered more than 500,000 dlrs of the
+funds seized by Chase and has obtained financing from a leading
+Boston bank.
+    Boston-based Spencer filed for Chapter 11 on Nov 19, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1139" NEWID="16604">
+<DATE>13-APR-1987 15:11:51.21</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2325&#31;reute
+d f BC-HOMESTAKE-MULLS-BUYIN   04-13 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOMESTAKE MULLS BUYING ORE RESERVES</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Homestake Mining Co is considering
+acquiring more gold ore reserves in addition to the company's
+exploration efforts, chief executive Harry Conger told Reuters
+in an interview.
+    Conger said, "the move to consider acquisitions represents
+a change in the company's acquistions policy."
+    Conger said all of Homestake's current cash position of 120
+mln dlrs would be available to acquire reserves. In addition,
+Homestake has two lines of credit totaling 150 mln dlrs which
+have not been drawn on and could be used to finance an
+acquisition, he said.
+    Conger said he anticipates 1987 exploration budget will be
+about the same as 1986 spending of 27.3 mln dlrs.
+    Conger said exploration for precious metals may be slightly
+higher than last year's spending of 17.7 mln dlrs while oil and
+gas exploration spending will be slightly less than last year's
+9.6 pct.
+    Conger said he sees Homestake's 1987 gold production about
+the same as 1986 gold production of 669,594 ounces.
+    However, 1987 first quarter production from its McLaughlin
+reserve will be about 10 pct lower than last year's 45,400
+ounces due to start-up production problems.
+    He said he believes gold prices will hold above the 400
+U.S. dlr an ounce level for the rest of 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1140" NEWID="16605">
+<DATE>13-APR-1987 15:12:34.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2330&#31;reute
+d f BC-BELL-ATLANTIC-&lt;BEL>-U   04-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL ATLANTIC &lt;BEL> UNIT TO SELL SERVICES, GEAR</TITLE>
+<DATELINE>    PHILADELPHIA, April 13 - </DATELINE><BODY>Bell Atlantic Corp's Bell of
+Pennsylvania unit said federal regulators granted it interim
+permission to sell regulated telecommunications network
+services along with equipment provided by an unregulated Bell
+Atlantic unit.
+    In January, the Federal Communications Commission ruled
+that Bell telephone companies could sell their telephone
+services in tandem with equipment provided by their unregulated
+equipment units.
+    But the FCC stipulated that the Bell companies must comply
+with new accounting rules that separate the costs of regulated
+telephone service from those of unregulated businesses.
+    Bell of Pennsylvnia said the FCC gave it interim relief to
+jointly market services and equipment until its accounting plan
+is approved by the commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1141" NEWID="16606">
+<DATE>13-APR-1987 15:12:37.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2331&#31;reute
+f f BC-******INTERFIRST-CORP   04-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>INTERFIRST CORP 1ST QTR LOSS 28 CTS VS PROFIT THREE CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1142" NEWID="16607">
+<DATE>13-APR-1987 15:13:23.45</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2333&#31;reute
+u f BC-KUWAITI-DAILY-SAYS-OP   04-13 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAITI DAILY SAYS OPEC CREDIBILITY AT STAKE</TITLE>
+<DATELINE>    KUWAIT, April 13 - </DATELINE><BODY>OPEC's credibility faces fresh scrutiny
+in coming weeks amid signs of a significant rise in supplies of
+oil to international oil markets, the Kuwait daily al-Qabas
+said.
+    In an article headlined, "Gulf oil sources say Middle East
+production up 1.4 mln bpd," it warned OPEC's official prices
+could face fresh pressure from international oil companies
+seeking cheaper supplies.
+    It did not say whether only OPEC or both OPEC and other
+producers were behind the reported rise in Mideast output. Nor
+did it specify if the sources were official or other contacts. 
+   "The sources said the credibility of OPEC would come under
+fresh scrutiny from today (Monday), with activity in the
+European and American markets," the daily said.
+    The sources were quoted as saying that after OPEC had in
+March demonstrated its commitment to quota agreements, some
+members had raised output last week. It gave no details.
+    "Dealers in oil markets were now waiting to see if Opec was
+able to control production, or whether the days of cheating and
+producing over quotas has begun anew," it said.
+    The sources warned that "maybe the (price of a) barrel of
+oil will fall below 18, perhaps 17.80 dlrs this week or next if
+there is no control on supplies," it said.
+    "The sources believed a return of oil below 18 dlrs a barrel
+may open the doors for international oil companies to pressure
+OPEC over contract prices, similar to the struggle last March,"
+it said, apparently referring to resistance by buyers to lift
+from Qatar unless it gave price discounts.
+    "More than one official has warned OPEC would find its
+solidarity under scrutiny by the end of April or start of May,"
+it said, noting demand usually fell with the onset of summer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1143" NEWID="16608">
+<DATE>13-APR-1987 15:14:59.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2336&#31;reute
+r f BC-WILLAMETTE-INDUSTRIES   04-13 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLAMETTE INDUSTRIES &lt;WMTT> 4TH QTR NET</TITLE>
+<DATELINE>    PORTLAND, Ore., April 13 -
+    </DATELINE><BODY>Shr 90 cts vs 30 cts
+    Net 22.9 mln vs 7,567,000
+    Sales 323.0 mln vs 272.1 mln
+    Note: per share figures reflect April 25, 1986
+five-to-three stock split. Full year figures not available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1144" NEWID="16609">
+<DATE>13-APR-1987 15:15:39.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2338&#31;reute
+d f BC-HUTTON-&lt;EFH>-NAMES-PE   04-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUTTON &lt;EFH> NAMES PERAS SENIOR VP</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>E.F. Hutton said it named Steven 
+Peras, formerly vice president in charge of all spot trading
+for Irving Bank's &lt;V> Irving Trust Co, senior vice president
+for worldwide foreign exchange trading.
+    Peras, 30, will direct Hutton's foreign corporate and
+individual foreign exchange account development, and
+market-making in currencies for the firm on a worldwide basis,
+Hutton said. Hutton has foreign exchange trading operations in
+London and New York.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1145" NEWID="16610">
+<DATE>13-APR-1987 15:16:10.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2341&#31;reute
+f f BC-******MARINE-MIDLAND   04-13 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MARINE MIDLAND BANKS INC 1ST QTR 1.74 DLRS VS 1.89 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1146" NEWID="16611">
+<DATE>13-APR-1987 15:16:41.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2343&#31;reute
+u f BC-AMERICAN-CENTURY-&lt;ACT   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CENTURY &lt;ACT> RESTATES EARNINGS</TITLE>
+<DATELINE>    SAN ANTONIO, Tex., April 13 - </DATELINE><BODY>American Century Corp said it
+has restated its earnings for the fiscal year ended June 30,
+1986 to provide an additional five mln dlrs to its loan loss
+allowance, causing a restated year-end net loss of 14,937,000
+dlrs, instead of 9,937,000 dlrs.
+    The company said the change came after talks with the
+Securities and Exchange Commission on the company's judgement
+in considering the five mln dlrs collectible.
+    In the note to its 1986 financial statement, American
+Century said it considered the five mln dlrs collectible,
+making its loan loss provision less than required.
+    The company said in spite of the SEC decision, it still
+feels its allowance for possible loan losses at June 30, 1986
+was adequate and that it has considered all relevant
+information to determine the collectibility of the five mln dlr
+receivable.
+    But, it said continued disagreement with the SEC staff
+would not be in its best interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1147" NEWID="16612">
+<DATE>13-APR-1987 15:19:45.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2356&#31;reute
+b f BC-embargoed-for-1500-ed   04-13 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA PLANS ONE BILLION DLR BOND ISSUE</TITLE>
+<DATELINE>    OTTAWA, April 13 - </DATELINE><BODY>Canada plans a three part, one billion
+dlr issue Tuesday, which will be dated and delivered May 1, the
+finance department said. The bonds will be issued as follows.
+    - 8-1/2 pct bonds due March 1, 1992,
+    - 8-3/4 pct bonds due June 1, 1996,
+    - 9 pct bonds due March 1, 2011.
+    The nine pct bonds will be issued to a maximum of 325 mln
+dlrs. The Bank of Canada will buy a minimum of 100 mln dlrs of
+the new issue, including five mln dlrs of the 2011 maturity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1148" NEWID="16613">
+<DATE>13-APR-1987 15:20:23.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2359&#31;reute
+u f BC-CANADIAN-IMPERIAL-CON   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN IMPERIAL CONSIDERS BRAZIL LOAN STATUS</TITLE>
+<DATELINE>     MONTREAL, April 13 - </DATELINE><BODY>(Canadian Imperial Bank of Commerce)
+is considering classifying its 1.2 Canadian billion dlrs in
+loans to Brazil as non-accrual and will decide whether it will
+do so in June, bank chairman R. Donald Fullerton told reporters
+after a business speech here.
+    Fullerton said the loans would be listed as non-accrual in
+financial results for the second quarter ending April 30.
+    (Bank of Montreal), which has loaned about two billion
+Canadian dlrs to Brazil, the largest amount of any Canadian
+bank, previously said it is also considering declaring the
+loans as non-accrual in second quarter results.
+    Under Canadian guidlines, loans are classified as
+non-accrual when there are indications the bank will lose
+interest or principal on the loan or when it believes it will
+be difficult to fully settle the account within a reasonable
+period.
+    Several U.S. banks have already announced they plan to
+place their loans to Brazil on non-accrual lists.
+    Fullerton also said Canadian Imperial still plans to enter
+the brokerage business this year after the federal government
+introduces laws that will let banks expand their actitivities.
+    "We'll be looking at anything in the Canadian market at
+this point in time--from the very biggest (brokerage company)
+to the very smallest," Fullerton told reporters.
+    Fullerton said he considers buying seats on stock exchanges
+"a sensible move".
+    Fullerton declined to comment on TransCanada Pipelines Ltd
+(TRP)'s bid for Dome Petroleum Ltd (DMP). Canadian Imperial has
+about 900 mln Canadian dlrs in outstanding loans to Dome,
+making it one of the oil company's two largest Canadian
+creditors. The bank has a joint director on Dome's management
+board, Fullerton said.          
+    Fullerton said he did not have enough information on the
+bid to evaluate its effect on Dome or its debt restructuring
+talks.
+    Fullerton called in a prepared speech for full reciprocity
+in any free-trade agreement with the U.S. involving financial
+services.
+    "There are strong indications that financial services are
+being bargained away in the current free trade negotiations
+between Canada and the United States with no requirement of
+full reciprocity," Fullerton said.          
+    He said U.S. banks given equal privileges with Canadian
+banks here would be able to operate throughout the country
+while Canadian banks in the U.S. would be subject to approval
+and regulation by each state.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1149" NEWID="16614">
+<DATE>13-APR-1987 15:21:03.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2361&#31;reute
+u f BC-SOUTHERN-UNIT-&lt;SO>-RA   04-13 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN UNIT &lt;SO> RATINGS AFFIRMED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Moody's Investors Services Inc said it
+affirmed the ratings on 5.3 billion dlrs of debt of Georgia
+Power Co, a unit of The Southern Co.
+    Affirmed were the Baa-1 first mortgage bonds, secured
+pollution control revenue bonds and cumulative preferred stock,
+and the Baa-2 unsecured pollution control revenue bonds.
+    Moody's said, however, that it may review the company's
+debt ratings pending a rate decision by the Georgia Public
+Service Commission due by October. If the rate order is
+unconstructive, Moody's review would have negative implications
+at that time, the agency noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1150" NEWID="16615">
+<DATE>13-APR-1987 15:21:38.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2363&#31;reute
+u f BC-/INTERFIRST-CORP-&lt;IFG   04-13 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERFIRST CORP &lt;IFG> 1ST QTR LOSS</TITLE>
+<DATELINE>    DALLAS, April 13 - 
+    </DATELINE><BODY>Shr loss 28 cts vs profit three cts
+    Net loss 18.9 mln vs profit 2.1 mln
+    Assets 16.7 billion vs 19.8 billion
+    Deposits 14.1 billion vs 16.2 billion
+    Loans 12.2 billion vs 14.4 billion
+    Note: Net includes securities gains of 20.4 mln vs 13.1
+mln. Net charge-offs totaled 41.9 mln vs 42.2 mln, while
+provisions for loan losses was 56.6 mln vs 52.2 mln.
+Non-performing assets totaled 1.24 billion vs 799 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1151" NEWID="16616">
+<DATE>13-APR-1987 15:22:02.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2364&#31;reute
+d f BC-COMPUTER-&lt;CPTLA.O>-FO   04-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER &lt;CPTLA.O> FOUNDER RESIGNS</TITLE>
+<DATELINE>    WELLESLEY HILLS, Mass., April 13 - </DATELINE><BODY>Computer Telephone Corp
+said Stephen Ide, its founder and president, resigned for
+personal reasons, but will remain a consultant with the
+company.
+    It said James Mahon, executive vice president, has been
+elected president effective immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1152" NEWID="16617">
+<DATE>13-APR-1987 15:24:26.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2370&#31;reute
+d f BC-AMERICAN-EXCHANGE-ELE   04-13 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXCHANGE ELECTS 10 BOARD MEMBERS</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>The American Stock Exchange said 10
+governors were elected to its 25-member board of governors at
+the annual membership meeting today.
+    The exchange said there were eight new members, including
+five from the public sector, among the ten elected to the
+board.
+    Elected to three-year terms from the public sector were
+Ernst and Whinney Chairman Ray J. Groves, Hasbro Inc Chairman
+Stephen D. Hassenfeld,  Bowery Savings Bank Chairman Richard
+Ravitch, and Phelps-Stokes Fund President Franklin H. Williams.
+    Elected to a two-year term from the public sector was James
+R. Jones, a former congressman anda partner in Dickstein
+Shapiro and Morin.
+    The Amex said Greenberg Securities Co President Mark D.
+Greenberg and Jacee Securities Inc President Joel L. Lovett
+were the industry representatives elected to three year terms
+on the board and Johnson Lane Space Smith and Co Inc President
+David T. Johnson was elected to a one year term as an industry
+representative.
+    It said two industry representatives were returned to the
+board for three year terms -- Rotan Mosle Inc President R. John
+Stanton Jr. and Smith Barney Harris Upham and Co Inc President
+sGeorge A. Vonder Linden.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1153" NEWID="16618">
+<DATE>13-APR-1987 15:25:00.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2372&#31;reute
+r f BC-CLEVITE-&lt;CLEV.O)-CITE   04-13 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLEVITE &lt;CLEV.O) CITES 9.6 MLN DLR DEBT</TITLE>
+<DATELINE>    GLENVIEW, ILL., April 13 - </DATELINE><BODY>Clevite Industries Inc said J.P.
+Industries Inc &lt;JPI.O> has refused to pay it 9.5 mln dlrs in
+connection with J.P. Industries' acquisition of the company's
+former Engine Parts Division.
+    The amount results from a disputed post-closing adjustment
+of the division's purchase price.
+    Clevite sold the division to J.P. Industries in February
+1987, subject to a final audit after the closing.
+    Clevite said J.P. Industries held back a portion of the
+purchase price at the time of the sale. It said a preliminary
+audit showed J.P. Industries owed Clevite 14 mln dlrs, of which
+4.5 mln dlrs has been paid.
+    It said J.P. Industries disputed the balance. Clevite said
+it would pursue all possible means to collect the amount owed.
+    On April Eight, Clevite said it received a 13.50 dlr a
+share offer, valued at about 96 mln dlrs, for all of its
+outstanding shares from J.P. Industries. A Clevite
+management-led group also is seeking a leveraged buyout of the
+company at 11.50 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1154" NEWID="16619">
+<DATE>13-APR-1987 15:27:28.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2376&#31;reute
+b f BC-/MARINE-MIDLAND-BANKS   04-13 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARINE MIDLAND BANKS INC &lt;MM> 1ST QTR NET</TITLE>
+<DATELINE>    NEW YORK, April 13 -
+    </DATELINE><BODY>Shr 1.74 dlrs vs 1.89 dlrs
+    Net 35.3 mln vs 38.2 mln
+    Assets 24.5 billion vs 21.8 billion
+    Deposits 16.9 billion vs 16.1 billion
+    Loans 18.9 billion vs 16.0 billion
+    NOTE: Qtr includes pre-tax provision of 9.7 mln dlrs,
+resulting in 5.7 mln dlrs after-tax loss, for reserve against
+interest due on medium- and long-term Brazilian loans.
+    Net investment gains for the qtr were 2.2 mln dlrs versus a
+gain of 15.5 mln in last year's first quarter.
+    Provision for loan losses in the quarter was 35.3 mln dlrs
+vs 44.1 mln dlrs the prior first quarter.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1155" NEWID="16620">
+<DATE>13-APR-1987 15:28:03.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2379&#31;reute
+r f BC-NL-INDUSTRIES-&lt;NL>-NA   04-13 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NL INDUSTRIES &lt;NL> NAMES PRESIDENT</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>NL Industries Inc said it named J.
+Landis Martin as president and chief executive officer,
+succeeding Harold Simmons, who will continue as chairman.
+    The company said Martin, 41, was also named chairman and
+chief executive of its NL Chemicals Inc unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1156" NEWID="16621">
+<DATE>13-APR-1987 15:28:29.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2380&#31;reute
+d f BC-&lt;FOURTH-NATIONAL-CORP   04-13 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FOURTH NATIONAL CORP> STAKE ACQUIRED</TITLE>
+<DATELINE>    TULSA, Okla., April 13 - </DATELINE><BODY>Fourth National Corp said an
+investor group led by management has acquired a 73 pct stake in
+the company from Interfirst Corp &lt;IFC>, a Dallas bank holding
+firm.
+    A Fourth National spokesman said the deal was for cash but
+would not disclose the amount.
+    Fourth National, a bank holding company with about 500 mln
+dlrs in assets, said in a statement that it will continue to
+operate its four subsidiaries and retain its employees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1157" NEWID="16622">
+<DATE>13-APR-1987 15:28:37.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2381&#31;reute
+d f BC-DEL-WEBB-&lt;WBB>-UNIT-S   04-13 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEL WEBB &lt;WBB> UNIT SELLS JOINT VENTURE STAKE</TITLE>
+<DATELINE>    PHOENIX, Ariz., April 13 - </DATELINE><BODY>Del E. Webb Corp said its Del E.
+Webb Properties Corp unit sold one-half of its interest in the
+224-acre Towne Meadows mixed-use development near Mesa and
+Gilbert, Ariz., to Klukwan Inc, an Alaskan native cooperative.
+    Terms of the sale were not disclosed.
+    Webb said it had a one-half interest in the venture.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1158" NEWID="16623">
+<DATE>13-APR-1987 15:30:49.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2389&#31;reute
+u f BC-BANK-OF-NEW-ENGLAND-C   04-13 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW ENGLAND CORP &lt;BKNE.O> 1ST QTR</TITLE>
+<DATELINE>    BOSTON, Mass, April 13 -
+    </DATELINE><BODY>Shr 1.04 dlrs vs 83 cts
+    Net 51.7 mln vs 39.4 mln
+      
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1159" NEWID="16624">
+<DATE>13-APR-1987 15:31:00.57</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2391&#31;reute
+f f BC-ussr-export-sale   04-13 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 350,000 TONNES CORN SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1160" NEWID="16625">
+<DATE>13-APR-1987 15:32:21.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2396&#31;reute
+d f BC-CANANDAIGUA-WINE-CO-I   04-13 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANANDAIGUA WINE CO INC &lt;CDG.A> 2ND QTR NET</TITLE>
+<DATELINE>    CANANDAIGUA, N.Y., April 13 - </DATELINE><BODY>Qtr ended Feb 28
+    Shr 35 cts vs 38 cts
+    Net 1,682,047 vs 1,817,820
+    Revs 36.1 mln vs 29.9 mln
+    Six mths
+    Shr 73 cts vs 75 cts
+    Net 3,518,515 vs 3,606,689
+    Revs 74.1 mln vs 62.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1161" NEWID="16626">
+<DATE>13-APR-1987 15:34:08.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2401&#31;reute
+b f BC-******NATIONAL-CITY-C   04-13 0009</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NATIONAL CITY CORP 1ST QTR SHR PRIMARY 87 CTS VS 83 CTS
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1162" NEWID="16627">
+<DATE>13-APR-1987 15:34:11.07</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2402&#31;reute
+b f BC-******U.S.-TRADE-PANE   04-13 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TRADE PANEL RULES AGAINST BRAZILIAN  ORANGE JUICE IMPORTS, WILL IMPOSE DUTUES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1163" NEWID="16628">
+<DATE>13-APR-1987 15:34:29.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2404&#31;reute
+u f BC-FLORIDA-PROGRESS-CORP   04-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORIDA PROGRESS CORP &lt;FPC> 1ST QTR NET</TITLE>
+<DATELINE>    ST. PETERSBURGH, Fla., April 13 -
+    </DATELINE><BODY>Shr 83 cts vs 94 cts
+    Net 41.2 mln vs 45.5 mln
+    Revs 428.4 mln vs 429.6
+    Avg shrs 49.8 mln vs 48.1 mln
+    12 months
+    Shr 3.59 dlrs vs 3.53 dlrs
+    Net 176.9 mln vs 164.4 mln
+    Revs 1.87 billion vs 1.70 billion
+    Avg shrs 49.3 mln vs 46.6
+    NOTE: 1986 first quarter profits restated down one cent a
+share as a result of previously reported pooling of interests
+merger with Mid-Continent Life Insurance Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1164" NEWID="16629">
+<DATE>13-APR-1987 15:35:02.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2407&#31;reute
+a f BC-TRIBUNE-&lt;TRB>-TO-BUY   04-13 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIBUNE &lt;TRB> TO BUY HOLLYWOOD PROPERTY</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>Tribune Co said it agreed to buy from
+Gene Autry and the Autry Foundation certain properties located
+in Hollywood, California. Terms were not disclosed.
+    The properties include broadcast and studio facilities on
+10.1 acres of land located at Sunset Boulevard and Van Ness
+Avenue in Hollywood.
+    Also included in the agreement are three additional parcels
+of land on Sunset Boulevard totaling 2.3 acres, it said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1165" NEWID="16630">
+<DATE>13-APR-1987 15:35:08.07</DATE>
+<TOPICS><D>orange</D></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2408&#31;reute
+b f BC-/U.S.-AGENCY-RULES-AG   04-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AGENCY RULES AGAINST BRAZIL ORANGE JUICE</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The U.S. International Trade
+Commission, ITC, voted to authorize the Commerce Department to
+impose anti-dumping duties on imports of Brazilian frozen
+concentrated orange juice.
+    The ITC voted 3-2 in favor of the anti-dumping petition in
+its final ruling on the matter.
+    Today's ITC ruling was consistent with the Commerce
+Department's final ruling of March 9, and activates an
+anti-dumping duty of 1.96 pct on imports of Brazilian frozen
+concentrated orange juice, Stephen Vastagh, ITC investigator
+said.
+    The ITC found that Brazilian orange juice imports have
+injured U.S. producers. The Commerce Department had already
+ruled that the imports were unfairly priced, and lowered to
+1.96 pct the anti-dumping margin that in a preliminary decision
+last fall had been set at 8.5 pct, Vastagh said.
+    The U.S. government has been requiring bond to be posted on
+imports of Brazilian frozen concentrated orange juice since
+Commerce's preliminary ruling of last October 23, he said.
+    Commerce had ruled that one major Brazilian producer --
+Cutrale -- would be excluded from the anti-dumping duty.
+    Brazilian imports account for about 40 pct of total U.S.
+supply, Vastagh said. Between December 1985 and November 1986,
+the United States imported the equivalent of 546 mln gallons of
+Brazilian orange juice worth 622 mln dlrs, he said.
+    Currently, the United States requires a 35-cent per gallon
+tariff on orange juice imports, Vastagh said.
+    An ITC spokesman said the agency would forward its final
+report on the anti-dumping case to Commerce by April 22.
+    Commerce then will process the anti-dumping order and
+transmit it to U.S Customs, which will liquidate bond entries
+dating from Commerce's preliminary ruling and begin assessing
+duties, Vastagh said.
+    He said about 12 Brazilian orange juice exporters,
+including three major shippers, would be affected by the
+decision.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1166" NEWID="16631">
+<DATE>13-APR-1987 15:37:38.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>howard-baker</D><D>reagan</D><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2413&#31;reute
+u f BC-CHIPS-1STLD-   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALKS FAIL TO HEAD OFF CHIP SHOWDOWN WITH JAPAN</TITLE>
+<DATELINE>     SANTA BARBARA, April 13 - </DATELINE><BODY>Talks between the United States
+and Japan on alleged Japanese dumping of computer microchips
+have failed to head off U.S. imposition of retaliatory tariffs,
+two senior White House officials said.
+    President Reagan's chief of staff, Howard Baker told
+reporters here that he saw no developments that that would
+cause the president to back away from his plan to issue a
+proclamation on Friday slapping 100 per cent tariffs on a range
+of Japanese electronic products.
+    "I assume that there will be a proclamation on Friday,"
+Baker said.
+    Reagan's National Security Adviser, Frank Carlucci added,
+"It looks like a very difficult situation at this point."
+    Carlucci said that evidence of Japanese "dumping" of
+microchips had been "fairly conclusive." The alleged dumping --
+selling abroad at below the cost of manufacture -- is said to
+have undercut the technologically important U.S. microchip
+industry.
+    Carlucci also said that although Japanese officials had
+presented statistics designed to show that Japan was opening
+its markets to American producers of microchips, "our
+statistics do not confirm this."
+    "Indeed, they tend to go in the other direction,"Carlucci
+said.
+    President Reagan announced on March 27 that he planned to
+raise tariffs on as much as 300 mln dlrs in Japanese exports to
+the United States.
+    He accused Japan of failing to enforce major provisions of
+a September 1986 agreement on preventing microchip dumping and
+providing American industry with fair trade opportunities.
+    He said he would be prepared to lift the sanctions when
+Japan took corrective action on these two issues.
+    The dispute has soured U.S.-Jpanese relations as Japanese
+Prime Minister Yasuhiro Nakasone prepares to visit Washington
+at the end of the month for talks with Reagan.
+    Last Friday Reagan, answering questions following a speech
+to the Los Angeles World Affairs Council, said Nakasone had
+endangered his political standing at home because of his
+willingess to try to eliminate trade barriers against U.S.
+goods.
+    He said he was looking forward to his talks with Nakasone
+and "he has been most helpful."
+    Today Reagan was vacationing at his ranch near here.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1167" NEWID="16632">
+<DATE>13-APR-1987 15:40:53.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2419&#31;reute
+d f BC-BIONUTRONICS-&lt;BNUI.O>   04-13 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIONUTRONICS &lt;BNUI.O> MAY CEASE OPERATIONS</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Bio-Nutronics Inc said that if it is
+unable in the "very near future" to substantially increase its
+revenues or otherwise raise additional funds, it may be
+required to cease operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1168" NEWID="16633">
+<DATE>13-APR-1987 15:42:40.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2424&#31;reute
+d f BC-NATIONAL-CITY-BANCORP   04-13 0020</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL CITY BANCORP &lt;NCBM.O> 1ST QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, April 13 -
+    </DATELINE><BODY>Shr 37 cts vs 27 cts
+    Net 1,194,000 vs 870,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1169" NEWID="16634">
+<DATE>13-APR-1987 15:43:13.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2425&#31;reute
+u f BC-MORTON-THIOKOL-&lt;MTI>   04-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORTON THIOKOL &lt;MTI> WANTS PAPERS MADE PUBLIC</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Lawyers for Morton Thiokol Inc asked
+a federal judge to unseal all papers filed in court here in
+connection with a lawsuit against it by a former employee.
+    U.S. District Judge Harold Greene held a hearing this
+morning on the company's request but took no immediate action,
+according to a clerk.
+    The company's motion was opposed by lawyers for the U.S.
+Department of Justice.
+    The lawsuit filed by the former employee, engineer Roger
+Boisjoly, alleged criminal responsibility by Thiokol in the
+deaths of the seven Challenger astronauts in January 1986.
+    Justice Department sources told Reuters earlier this month
+that the Federal Bureau of Investigation has launched a
+criminal investigation of Thiokol, which made the booster
+rocket blamed for the loss of the Challenger space shuttle.
+    The sources said the probe stemmed from the suit by
+Boisjoly, who is now on medical disability.
+    Boisjoly is seeking damages from the company for allegedly
+defaming his professional reputation by transferring him to a
+less important job after he testified to a presidential
+commission about the Challenger explosion.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1170" NEWID="16635">
+<DATE>13-APR-1987 15:43:24.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2426&#31;reute
+r f BC-ONEOK-INC-&lt;OKE>-2ND-Q   04-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONEOK INC &lt;OKE> 2ND QTR FEB 28 NET</TITLE>
+<DATELINE>    TULSA, Okla., April 13 -
+    </DATELINE><BODY>Shr 1.21 dlrs vs 1.80 dlrs
+    Net 16.9 mln vs 24.6 mln
+    Revs 230.9 mln vs 289.6 mln
+    12 mths
+    Shr 1.97 dlrs vs 2.37 dlrs
+    Net 27.6 mln vs 32.4 mln
+    Revs 648.6 mln vs 875.7 mln
+    NOTE: company reports earnings qtrly and includes the
+previous 12 mths figures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1171" NEWID="16636">
+<DATE>13-APR-1987 15:43:59.05</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D><D>venezuela</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM Y
+&#22;&#22;&#1;f2429&#31;reute
+u f BC-TEXACO-&lt;TX>-SAYS-SOME   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> SAYS SOME OIL FLOWS RE-ESTABLISHED</TITLE>
+<AUTHOR>    By SAMUEL FROMARTZ, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Texaco Inc has re-established some key
+oil supply lines following yesterday's court filing for
+protection under Chapter 11 of the U.S. bankrupcty code, said
+Elton Yates, Texaco's coordinator of worldwide operations.
+    "Several companies say they are willing to start trading,"
+Yates told Reuters in an interview.
+    The company last week had stated that a number of domestic
+and international oil suppliers were demanding cash for oil
+shipments, and in some cases, had cut supplies altogether.
+Banks had also cut credit lines, it said in court filings.
+    Manufacturers Hanover Corp &lt;MHC> and other banks told
+Texaco it would cut off a one billion dlr credit line, Texaco
+said in the court filing. Chase Manhattan Corp &lt;CMB> and J.P.
+Morgan Co's &lt;JPM> Morgan Guaranty Trust Co asked for deposits
+to cover transactions, it said.
+    The severe conditions with suppliers and creditors arose
+from an unfavorable ruling last Monday by the U.S. Supreme
+Court in Texaco's ongoing dispute with Pennzoil Co &lt;PZL> over
+the acquisition of Getty Oil Co in 1984.
+    The High Court said Texas Courts must consider Texaco's
+plea to cut its 10.3 billion dlr bond while appealing the case.
+    "Most of the suppliers stayed with us as long as they
+could," Elton said. But following Monday's Supreme Court
+ruling, Texaco's suppliers began demanding cash and halting
+supplies.
+    "It wasn't until last Wednesday that it turned into an
+avalanche," he said. "Supplies were cut to the point where we
+could not run the system at anywhere near capacity."
+    He said less than half of Texaco's oil supplies had been in
+jeapordy, but the cut off would have produced severe shortages
+by mid-May. Now the situation appears much less severe, Elton
+said.
+    It said that Sonatrach, the Algerian national oil company,
+canceled future deliveries of crude oil and natural gas,
+Occidental Petroleum Co &lt;OXY> demanded cash for crude, and
+Atlantic Richfield Co &lt;ARC> asked for special safeguards.
+    The company also said British Petroleum Co PLC &lt;BP> last
+week refused to accept an order for fuel oil. But Yates today
+said, "a big U.K. company has in fact said they would go on
+supplying. They had cancelled last week."
+    He declined to identify the company.
+    &lt;Petroleos de Venezuela S.A.>, the Venezuelan state oil
+company that supplies a large portion of Texaco's oil, also
+halted shipments two weeks ago, Yates said.
+    But he added that Texaco expected to meet with the
+Venezuelans later today in an attempt to reestablish that key
+supply line. Talks were also expected to take place with the
+Algerians, he added.
+    Bankruptcy specialists said it was likely Texaco's chapter
+11 filing would allow the company to secure its credit lines
+and oil supplies that are key to the company's business.
+    "It will be business as usual for Texaco," said Martin
+Klein, a bankruptcy attorney at the New York law firm Dreyer
+and Traub.
+    "Creditors are a nervous bunch of people," he said. "But
+when the dust settles they will reevaluate the situation and
+will likely extend credit to the chapter 11 company."
+    But other officials at Texaco were not immediately
+available to say whether discussions were being held with its
+banks, or whether credit lines had been reestablished.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1172" NEWID="16637">
+<DATE>13-APR-1987 15:44:09.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2431&#31;reute
+d f BC-TEXAS-AIR-&lt;TEX>-UNIT   04-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR &lt;TEX> UNIT HIKES SERVICE FROM DENVER</TITLE>
+<DATELINE>    DENVER, April 13 - </DATELINE><BODY>Texas Air Corp's Continental Airlines
+said it will add flights in May to three destinations it
+already serves from Denver, raising its total daily departures
+to 264 from 261 at Stapleton International Airport.
+    The company said that beginning May 4 it will add a fourth
+daily nonstop to Des Moines, Iowa and a third nonstop to
+Spokane, Wash.
+    Meanwhile, on May 21 it will add a fourth daily nonstop to
+New York/Laguardia International Airport.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1173" NEWID="16638">
+<DATE>13-APR-1987 15:44:15.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2432&#31;reute
+d f BC-NATIONAL-CITY-BANCORP   04-13 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL CITY BANCORP &lt;NCBM.O> 10 PCT DIVIDEND</TITLE>
+<DATELINE>    MINNEAPOLIS, April 13 - </DATELINE><BODY>National City Bancorp said
+directors at the annual meeting declared a 10 pct stock
+dividend payable May 22, record April 24.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1174" NEWID="16639">
+<DATE>13-APR-1987 15:44:21.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2433&#31;reute
+r f BC-GAMING-AND-TECHNOLOGY   04-13 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAMING AND TECHNOLOGY &lt;GATI.O> PRESIDENT RESIGN</TITLE>
+<DATELINE>    LAS VEGAS, Nev., April 13 - </DATELINE><BODY>Gaming and Technology Inc said
+Stan Fulton has resigned as president of the company.
+    Chairman Alfred Wilms said he will assume the additional
+position of president.
+    Fulton will remain a director of the company and will work
+on special projects, a Gaming and Technology spokeswoman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1175" NEWID="16640">
+<DATE>13-APR-1987 15:44:30.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM E
+&#22;&#22;&#1;f2434&#31;reute
+r f BC-MOODY'S-MAY-DOWNGRADE   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE TRANSCANADA PIPELINE &lt;TRP></TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade 500 mln dlrs of Eurodebt of TransCanada Pipelines
+Ltd.
+    The agency cited TransCanada's 4.3 billion Can dlr offer
+for the assets of Dome Petroleum Ltd &lt;DMP>. The offer entails a
+cash payment of 3.87 billion Can dlrs to Dome's creditors and
+the exchange of about 20 pct of the common stock of a new
+TransCanada subsidiary for Dome's common and preferred.
+    Moody's will examine the financing of the proposed
+transaction and resulting capital structure. TransCanada has
+A-3 Euro mortgage bonds and Baa-1 Eurodebt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1176" NEWID="16641">
+<DATE>13-APR-1987 15:44:42.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2435&#31;reute
+d f BC-FLAGLER-BANK-CORP-&lt;FL   04-13 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLAGLER BANK CORP &lt;FLGLA.O> 1ST QTR NET</TITLE>
+<DATELINE>    WEST PALM BEACH, Fla., April 13 -
+    </DATELINE><BODY>Shr 25 cts vs 23 cts
+    Net 488,000 vs 443,000
+    Assets 289.3 mln vs 213.9 mln
+    Deposits 254 mln vs 188.5 mln
+    Loans 156.4 mln vs 123.4 mln
+    NOTE: Per share amounts adjusted for stock dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1177" NEWID="16642">
+<DATE>13-APR-1987 15:45:01.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2436&#31;reute
+u f BC-NATIONAL-CITY-CORP-&lt;N   04-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL CITY CORP &lt;NCTY.O> 1ST QTR NET</TITLE>
+<DATELINE>    CLEVELAND, April 13 - 
+    </DATELINE><BODY>Shr primary 87 cts vs 83 cts
+    Shr diluted 85 cts vs 74 cts
+    Net 35.9 mln vs 30.6 mln
+    Avg shrs 41.0 mln vs 34.2 mln
+    Assets 13.95 billion vs 12.34 billion
+    Deposits 10.21 billion vs 9.24 billion
+    Loans 9.22 billion vs 7.89 billion
+    Return on assets 1.07 pct vs 1.05 pct
+    Note: Net includes securities gains of seven cts a shr vs
+two cts.
+    Net includes loan loss provision of 20.2 mln vs 12.6 mln.
+    Net charge-offs totaled 15.6 mln, brining the loan loss
+reserve at the end of the qtr to 120.5 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1178" NEWID="16643">
+<DATE>13-APR-1987 15:45:52.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2439&#31;reute
+r f BC-RULES-CHANGE-RAISES-C   04-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RULES CHANGE RAISES CHRYSLER &lt;C> PENSION COSTS</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Chrysler Corp's pension expense is
+expected to increase by more than 50 pct this year due to new
+pension accounting standards, its annual report said.
+    It said implementation of Statement of Financial Accounting
+Standards Number 87 issued by the Financial Accounting
+Standards Board in December 1985 this year is expected to
+increase Chrysler's pension expense by more than 50 pct when
+compared to pension expense calulated under the prevsious
+standards.
+    Last year, the report said, the company's pension expense
+was 236.3 mln dlrs, up from 219.8 mln dlrs in 1985.
+    A Chrysler spokeswoman said the exact amount of the
+increase caused by the accounting change will be reported when
+the company reports first quarter earnings late this month.
+    The report also said Chrysler is continuing its program,
+announced in December 1984, of buying up to 56.25 mln shares --
+adjusted to reflect two three-for-two stock splits since then.
+    The company had acquired about 42.3 mln shares by the end
+of 1986, the report said, adding there is no target set for
+completion of the program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1179" NEWID="16644">
+<DATE>13-APR-1987 15:46:55.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2443&#31;reute
+u f BC-BANK-OF-NEW-ENGLAND-&lt;   04-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW ENGLAND &lt;BKNE.O> POST PRO FORMA NET</TITLE>
+<DATELINE>    BOSTON, Mass, April 13 - </DATELINE><BODY>Bank of New England Corp reported
+that pro forma first quarter earnings, which reflect its 
+combined operations under a pending merger with the Conifer
+Group, rose to 60 mln dlrs, or 89 cts a share, from 49 mln
+dlrs, or 75 cts a share in 1986.
+    The merger is expected to close on April 22.
+    Earlier, Bank of New England reported first quarter net
+income, not taking the merger into account, rose to 1.04 dlrs
+from 83 cts a share.
+    NOTE:First quarter of 1986 does not include restatement
+from recent acquisitions. After restatement, net income was
+39.8 mln dlrs.
+    The 1987 pro forma first quarter results include
+nonrecurring merger expenses of 4.7 mln dlrs.
+    Excluding these expenses, growth in operating expenses of
+the combined companies was reduced from 14 pct to 12 pct during
+the first quarter.
+    Loans and leases increased 34 pct to 19.5 billion dlrs and
+deposits grew 14 pct to 19.6 billion dlrs.
+    The provision for possible credit losses was 14.4 mln dlrs
+in the first quarter compared with 19.7 mln dlrs last year.
+    Net charge-offs were 10.9 mln dlrs, down from 12.8 mln dlrs
+in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1180" NEWID="16645">
+<DATE>13-APR-1987 15:51:16.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2454&#31;reute
+r f BC-BURNHAM-AMERICAN-PROP   04-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURNHAM AMERICAN PROPOERTIES &lt;BAPYZ.O> 2ND QTR</TITLE>
+<DATELINE>    SAN DIEGO, April 13 - </DATELINE><BODY>Qtr ended March 31
+    Net 268,760 vs 235,274
+    Revs 721,882 vs 575,806
+    Six mths
+    Net 472,642 vs 464,042
+    Revs 1,372,453 vs 1,059,462
+    Note: per share data not given, as not comparable to net
+figures, which are before depreciation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1181" NEWID="16646">
+<DATE>13-APR-1987 15:53:01.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2457&#31;reute
+u f BC-CANADA'S-WILSON-HAS-N   04-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA'S WILSON HAS NO COMMENT ON DOME (DMP)</TITLE>
+<DATELINE>    OTTAWA, April 13 - </DATELINE><BODY>Finance Minister Michael Wilson said it
+was too early to comment on the tax implications of TransCanada
+PipeLines Ltd's 4.3 billion dlr offer for Dome Petroleum Ltd.
+    "The specific offer by TransCanada is just in the course of
+being made and we don't have the details of all the elements of
+the proposal," Wilson told the House of Commons daily question
+period.
+    Opposition parties were questioning Wilson about a possible
+loss of tax revenue if the takeover was completed because of
+the large tax credits held by Dome.               
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1182" NEWID="16647">
+<DATE>13-APR-1987 15:53:55.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2459&#31;reute
+h f BC-INTERNATIONAL-TELECHA   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL TELECHARGE LAUNCHES SERVICE</TITLE>
+<DATELINE>    DALLAS, APril 13 - </DATELINE><BODY>International Telecharge Inc said it
+introduced a new international inbound long-distance service
+from Europe called "Quick Call USA."
+    The three-minute call will be available from seven European
+countries. The call, placed by dialing a local country access
+number, will be answered by an International Telecharge
+operator and sent to any phone in the U.S., it said.
+    The caller has the option of calling collect or billing to
+a major credit card at a flat rate of 10.65 dlrs, expect for
+calls from the U.K. which will be billed at a rate of 8.53
+dlrs, the company said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1183" NEWID="16648">
+<DATE>13-APR-1987 15:54:42.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2460&#31;reute
+r f BC-DAUPHIN-DEPOSIT-&lt;DAPN   04-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAUPHIN DEPOSIT &lt;DAPN> TO ACQUIRE COLONIAL</TITLE>
+<DATELINE>    HARRISBURG, Pa., April 13 - </DATELINE><BODY>Dauphin Deposit Corp said it
+signed a definitive agreement to acquire &lt;Colonial Bancorp
+Inc>.
+    The agreement calls for Colonial to be merged into Dauphin
+Deposit Corp, and Colonial's subsidiary, New Holland Farmers
+National Bank, to be merged into Dauphin Deposit Bank and Trust
+Co, the lead bank of Dauphin Deposit Corp, the company said.
+    Shareholders of Colonial will receive between 3.6 and 4.4
+shares of Dauphin common stock for each share of Colonial,
+depending on Dauphin's current market value, it said.
+    As of Dec 31, 1986, Colonia Bancorp had assets of 150 mln
+dlrs, Dauphin said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1184" NEWID="16649">
+<DATE>13-APR-1987 15:57:04.03</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2464&#31;reute
+u f BC-KUWAITI-DAILY-SAYS-OP   04-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAITI DAILY SAYS OPEC CREDIBILITY AT STAKE</TITLE>
+<DATELINE>    KUWAIT, April 13 - </DATELINE><BODY>OPEC's credibility faces fresh scrutiny
+in coming weeks amid signs of a significant rise in supplies of
+oil to international oil markets, the Kuwait daily al-Qabas
+said.
+    In an article headlined "Gulf oil sources say Middle East
+production up 1.4 mln bpd" and "Markets witness new surplus amid
+whispers of return to cheating days," it warned OPEC's official
+prices could face fresh pressure from international oil
+companies seeking cheaper supplies.
+    It did not say whether only OPEC or Opec and other
+producers were behind the reported rise in Mideast output. Nor
+did it specify if the sources were official or other contacts.
+   "The sources said the credibility of OPEC would come under
+fresh scrutiny from Monday, with activity in the European and
+American markets," it said.
+    The sources were quoted as saying that after Opec had in
+March demonstrated its commitment to quota agreements, some
+members had raised output last week. It gave no details.
+    "Dealers in oil markets were now waiting to see if Opec was
+able to control production, or whether the days of cheating and
+producing over quotas has begun anew," it reported.
+   "The sources warned that maybe the (price of a) barrel of oil
+will fall below 18, perhaps 17.80 dlrs this week or next if
+there is no control on supplies.
+    "The sources believed a return of oil below 18 dlrs a barrel
+may open the doors for international oil companies to pressure
+Opec over contract prices, similar to the struggle last March,"
+it said, apparently referring to resistance by buyers to lift
+from Qatar unless it gave price discounts.
+    "More than one official has warned Opec would find its
+solidarity under scrutiny by the end of April or start of May,"
+it said, noting demand usually fell with the onset of summer.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1185" NEWID="16650">
+<DATE>13-APR-1987 16:03:10.83</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2484&#31;reute
+u f BC-TREASURY-BALANCES-AT   04-13 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED FELL ON APRIL 9</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve fell on April 10 to 3.373 billion dlrs from 3.523
+billion dlrs on the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts fell to 11.645
+billion dlrs from 11.869 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 15.018
+billion dlrs compared with 15.392 billion dlrs on April 9.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1186" NEWID="16651">
+<DATE>13-APR-1987 16:04:26.94</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2488&#31;reute
+r f BC-DOE-RESOLVES-ISSUES-W   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOE RESOLVES ISSUES WITH ROYAL DUTCH &lt;RD> UNIT</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The Energy Department said it had
+approved in final form an agreement that resolves all remaining
+issues with Shell Oil Co over oil pricing and allocation
+controls that ended in 1981.
+    Under the agreement, The Royal Dutch/Shell Group unit 
+agreed to pay 20 mln dlrs to settle refiner pricing issues and
+160 mln dlrs to settle crude oil pricing issues, DOE said.
+    DOE said that before making the pact final, it modified it
+to reflect Shell's compliance with the Tertiary Incentive
+Program, a provision not in the version published last Dec 31.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1187" NEWID="16652">
+<DATE>13-APR-1987 16:05:39.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2491&#31;reute
+h f BC-CELLULAR-COMMUNICATIO   04-13 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CELLULAR COMMUNICATIONS &lt;COMM.O> CLOSES BUYOUT</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Cellular Communications Inc said that
+a unit purchased a 6.99 pct interest in the Cincinnati
+non-wireline cellular system.
+    As a result of the transaction, the company said it now
+owns 100 pct of the system in Cincinnati.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1188" NEWID="16653">
+<DATE>13-APR-1987 16:06:00.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2493&#31;reute
+s f BC-ATHLONE-INDUSTRIES-IN   04-13 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATHLONE INDUSTRIES INC &lt;ATH> SETS QTLY DIVIDEND</TITLE>
+<DATELINE>    PARSIPPANY, N.J., April 13 - 
+    </DATELINE><BODY>Qtly div 40 cts vs 40 cts prior
+    Pay May 15
+    Record May one.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1189" NEWID="16654">
+<DATE>13-APR-1987 16:08:09.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2499&#31;reute
+d f BC-FIRST-FEDERAL-SAVINGS   04-13 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL SAVINGS BANK &lt;FFSD.O> 2ND QTR NET</TITLE>
+<DATELINE>    DECATUR, Ala., April 13 - </DATELINE><BODY>Qtr ended March 31
+    Shr 88 cts
+    Net 973,000 vs 713,000
+    Six mths
+    Shr 1.35 dlrs
+    Net 1,497,000 vs 1,464,000
+    Note: Bank went public on Dec 29, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1190" NEWID="16655">
+<DATE>13-APR-1987 16:09:13.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2500&#31;reute
+d f BC-PLANTRONICS-INC-&lt;PLX>   04-13 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLANTRONICS INC &lt;PLX> 3RD QTR MARCH 28 NET</TITLE>
+<DATELINE>    SANTA CRUZ, Calif., April 13 -
+    </DATELINE><BODY>Shr 39 cts vs 32 cts
+    Net 2,524,000 vs 2,046,00
+    Sales 28.5 mln vs 23.5 mln
+    Nine Mths
+    Shr 1.01 dlrs vs 1.09 dlrs
+    Net 6,323,000 vs 6,990,000
+    Sales 80.6 mln vs 68.8 mln
+    Note: Current qtr and nine mth net include 447,000 dlr gain
+on asset sales.
+    Prior nine mth net includes 3.4 mln dlr asset sale gain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1191" NEWID="16656">
+<DATE>13-APR-1987 16:11:11.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2502&#31;reute
+u f BC-GAF-&lt;GAF>-SEEKS-INFOR   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAF &lt;GAF> SEEKS INFORMATION ON BORG-WARNER&lt;BOR></TITLE>
+<DATELINE>    New York, April 13 - </DATELINE><BODY>GAF Corp said it is exploring its
+options in response to Merrill Lynch Capital Partners' 4.23
+billion dlr offer for Borg-Warner Corp, and it has asked for
+all information that was supplied to Merrill Lynch.
+    A GAF spokesman said the company asked for the information
+in order to enable GAF to fully evaluate its alternatives.
+    The spokesman also confirmed that GAF did raise its bid to
+48 dlrs cash from 46 dlrs per share on Friday.
+    Merrill is offering 48.50 dlrs per share cash for 89 pct of
+Borg-Warner, and a package of cash and securities for the
+balance.
+    The transaction with Merrill Lynch will take Borg-Warner
+private in the form of a leveraged buyout. Merrill Lynch does
+not intend to sell Borg-Warner assets, but it may be forced to
+do so in financing the deal, said sources familiar with the
+transaction.
+     Borg-Warner has said its management is not a participant
+in the transaction, but managers will retain their positions.
+    The investors involved with Merrill include pension funds,
+insurance companies and other institutional investors, sources
+said.
+    Analysts believe GAF, which owns 19.9 pct of Borg-Warner,
+will raise its offer.
+    That speculation drove Borg-warner stock up 1-3/8 to 49-5/8
+in heavy trading. GAF closed at 49-5/8, off 3/4.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1192" NEWID="16657">
+<DATE>13-APR-1987 16:11:25.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2503&#31;reute
+r f BC-bell-atlantic-unit   04-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL ATLANTIC &lt;BEL> UNIT HAS MARKETING APPROVAL</TITLE>
+<DATELINE>    NEWARK, N.J., April 13 - </DATELINE><BODY>New Jersey Bell, wholly owned by
+Bell Atlantic Corp, said the Federal Communications Commission
+will allow it to market its network service with equipment
+provided by Bell Atlanticom Systems, an unregulated company
+also wholly owned by Bell Atlantic.
+    New Jersey Bell said the FCC ruling gives it interim relief
+from current accounting restrictions until the company's plans
+for complying with new accounting rules are approved by the
+FCC.
+    New Jersey Bell said the FCC ordered January one that
+telephone companies could offer equipment as long as they
+complied with new accounting rules that separate costs of
+regulated service from unregulated activities.
+    New Jersey Bell said the joint marketing program between it
+and Bell Atlanticom Systems will apply initially to New Jersey
+Bell's largest business customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1193" NEWID="16658">
+<DATE>13-APR-1987 16:16:17.23</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2511&#31;reute
+u f BC-ABU-DHABI-MARKETING-"   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABU DHABI MARKETING SAID NOT BREACHING OPEC PACT</TITLE>
+<DATELINE>    ABU DHABI, April 13 - </DATELINE><BODY>A senior Abu Dhabi oil official said
+in remarks published today the emirate, largest producer in the
+United Arab Emirates (UAE), was succeeding in marketing its
+crude oil without breaching OPEC accords.
+    Khalaf al-Oteiba, Marketing Director at the Abu Dhabi
+National Oil Co (ADNOC), told the company's Petroleum Community
+magazine ADNOC was also keen to keep good customer relations.
+"The company will maintain its dialogue with and care for its
+customers in accordance with market conditions...And take
+necessary steps to guarantee marketing its production," he said.
+   "The present oil marketing policy of ADNOC is based on
+adherence to OPEC decisions of December 1986 to control
+production and establish a new pricing system in an attempt to
+stabilize the market," he added.
+    OPEC agreed last December to limit production to 15.8 mln
+bpd and return to fixed prices averaging 18 dlrs a barrel.
+    Oteiba said stabilization of the oil market in the future
+depended on how much discipline OPEC showed.
+    Oteiba said last year, when world oil prices dropped, was
+ADNOC's most difficult ever but "a practical and flexible
+pricing policy was implemented to relate to the changed market
+environment."
+    He said crude oil sales last year jumped to an average
+609,000 bpd of which 73 pct was exported. Refined product sales
+totalled eight mln metric tonnes, of which 67 pct was exported.
+    In 1985, ADNOC marketed a total of 476,000 bpd of crude oil
+and 7.2 mln tonnes of refined products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1194" NEWID="16659">
+<DATE>13-APR-1987 16:17:01.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>south-korea</D><D>singapore</D><D>thailand</D><D>egypt</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2513&#31;reute
+u f BC-UNITED-TECHNOLOGIES-G   04-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TECHNOLOGIES GETS 502.1 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The Pratt and Whitney Government
+Products Division of United Technologies Corp &lt;UTX> is being
+awarded a 502.1 mln dlr increase to an Air Force contract for
+alternate fighter engine and support equipment, the Defense
+Department said.
+    It said the contract, which funds work related to
+F100-FW-220 engines, combines purchases for the U.S. Air Force,
+Korea, Singapore, Thailand, Egypt and the Netherlands under the
+Foreign Military Sales program.
+    Work on the contract is expected to be completed December
+1988, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1195" NEWID="16660">
+<DATE>13-APR-1987 16:17:24.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2516&#31;reute
+u f BC-LOCKHEED-&lt;LK>-UNIT-GE   04-13 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOCKHEED &lt;LK> UNIT GETS 275 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Lockheed Corp's Lockheed Missiles
+and Space Co is being awarded a 275 mln dlr modification to a
+Navy contract for development and production of Trident II
+missiles, the Defense Department said.
+    It said work on the contract is expected to be completed in
+March 1990.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1196" NEWID="16661">
+<DATE>13-APR-1987 16:18:31.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2518&#31;reute
+r f BC-CORE-MARK-&lt;CMK.TO>-SE   04-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORE-MARK &lt;CMK.TO> SEES PROBLEM CORRECTION</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, April 13 - </DATELINE><BODY>Core-Mark
+International Inc said it was vigorously addressing its
+problems and would correct them in the near term.
+    The packaged goods distributor said that its statement
+followed "a number of apparently confusing statements
+concerning the company that may have given rise to uncertainty
+as to the company's current operative condition and future."
+    Core-Mark previously said that former chief executive D.E.
+Gillespie resigned due to family problems and declining health,
+and added that negotiations for sale of his majority stake to
+two unnamed investor groups were a growing possibility.
+    Core-Mark's interim chief executive Anthony Regensburg said
+the sudden earnings deterioration in late fourth quarter "took
+everyone by surprise and directors along with management are
+urgently addressing these problems.
+    "Speculation as to the company's future has been less than
+helpful and has provoked and heightened anxieties and diverted
+management's time and attention to address them," Regensburg
+said in a statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1197" NEWID="16662">
+<DATE>13-APR-1987 16:19:09.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2523&#31;reute
+d f BC-rhnb-corp   04-13 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RHNB CORP &lt;RHNB> 1ST QTR NET</TITLE>
+<DATELINE>    ROCK HILL, S.C., April 13 -
+    </DATELINE><BODY>Shr 61 cts vs 55 cts
+    Net 695,252 vs 633,329
+    Loans 125.2 mln vs 89.9 mln
+    Deposits 209.2 mln vs 172.9 mln
+    Assets 245.5 mln vs 207.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1198" NEWID="16663">
+<DATE>13-APR-1987 16:19:22.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2525&#31;reute
+d f BC-KRAFT-&lt;KRA>-COMPLETES   04-13 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRAFT &lt;KRA> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    GLENVIEW, ILL., April 13 - </DATELINE><BODY>Kraft Inc said it completed the
+acquisition of Holleb and Co, a foodservice distributor based
+in Bensenville, Ill.
+    Terms were withheld.
+    It said Holleb's 1986 sales were about 85 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1199" NEWID="16664">
+<DATE>13-APR-1987 16:19:35.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2526&#31;reute
+d f BC-FIRST-OF-AMERICA-BANK   04-13 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST OF AMERICA BANK INC &lt;FABK.O> 1ST QTR NET</TITLE>
+<DATELINE>    KALAMAZOO, MICH., April 13 -
+    </DATELINE><BODY>Shr 1.12 dlrs vs 1.27 dlrs
+    Net 15,000,000 vs 11,900,000
+    Avg shrs 9,642,403 vs 8,322,245
+    Loans 4.57 billion vs 3.29 billion
+    Deposits 6.80 billion vs 4.75 billion
+    Assets 7.75 billion vs 5.37 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1200" NEWID="16665">
+<DATE>13-APR-1987 16:19:41.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2527&#31;reute
+h f BC-LOMAK-PETROLEUM-INC-&lt;   04-13 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOMAK PETROLEUM INC &lt;LOMK.O> YEAR LOSS</TITLE>
+<DATELINE>    HARTVILLE, Ohio, April 13 - 
+    </DATELINE><BODY>Shr loss 10 cts vs loss 19 cts
+    Net loss 1,348,000 vs loss 2,410,000
+    Revs 11.2 mln vs 22.3 mln
+    Acg shrs 13.8 mln vs 12.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1201" NEWID="16666">
+<DATE>13-APR-1987 16:21:05.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2531&#31;reute
+f f BC-******U.S.-SELLS-3-MO   04-13 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLS 3-MO BILLS AT 5.98 PCT, STOP 5.99 PCT, 6-MO 6.08 PCT, STOP 6.10 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1202" NEWID="16667">
+<DATE>13-APR-1987 16:21:38.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2533&#31;reute
+r f BC-NEWMONT-&lt;NEM>-STAKE-I   04-13 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWMONT &lt;NEM> STAKE IN DU PONT &lt;DD> DECLINES</TITLE>
+<DATELINE>     NEW YORK, april 13 - </DATELINE><BODY>Newmont Mining Corp held 5,250,376 Du
+Pont Co shares, or about 2.2 pct of those outstanding, at the
+end of 1986, down from the 5,970,141 shares, or 2.5 pct of
+those outstanding, it held a year earlier, Newmont's annual
+report said.
+    --Corrects March 30 item to show holdings decreased.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1203" NEWID="16668">
+<DATE>13-APR-1987 16:22:09.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2536&#31;reute
+r f BC-BANKEAST-CORP-&lt;BENH.O   04-13 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKEAST CORP &lt;BENH.O> 1ST QTR NET</TITLE>
+<DATELINE>    MANCHESTER, N.H., April 13 - 
+    </DATELINE><BODY>Shr 35 cts vs 29 cts
+    Net 3,732,000 vs 3,131,000
+    Assets 1.09 billion vs 861.2 mln
+    Deposits 817.7 mlnvs 705.7 mln
+    Loans 704.1 mln vs 553.4 mln
+    Note: 1986 results restated to reflect acquisition of
+United Banks Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1204" NEWID="16669">
+<DATE>13-APR-1987 16:26:28.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2542&#31;reute
+r f BC-GENERAL-MOTORS-&lt;GM>-G   04-13 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MOTORS &lt;GM> GETS 97 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>General Motors Corp is being awarded
+a 97 mln dlr Air Force contract for 176 turboprop engines in
+three separate designs, the Defense Department said.
+    It said the contract, which combines purchases for the U.S.
+Navy, the U.S. Air Force Reserves, Japan and Norway under the
+Foreign Military Sales program, is expected to be completed in
+December 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1205" NEWID="16670">
+<DATE>13-APR-1987 16:27:16.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2545&#31;reute
+r f BC-UST-CORP-&lt;UTSB.O>-1ST   04-13 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UST CORP &lt;UTSB.O> 1ST QTR NET</TITLE>
+<DATELINE>    BOSTON, April 13 - 
+    </DATELINE><BODY>Shr 41 cts vs 31 cts
+    Net 4,568,656 vs 3,461,674
+    Assets 1.7 billion vs 1.4 billion
+    Deposits 1.46 billion vs 1.19 billion
+    Note: 1986 results restated to reflect a 100 pct stock
+dividend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1206" NEWID="16671">
+<DATE>13-APR-1987 16:27:27.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G M
+&#22;&#22;&#1;f2546&#31;reute
+d f BC-FARM-EQUIPMENT-SALES   04-13 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM EQUIPMENT SALES DECLINE IN MARCH</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>Domestic sales of farm wheel tractors
+in March declined 9.2 pct to 7,654 units from 8,434 in the same
+year-ago period, the Farm and Industrial Equipment Institute
+said.
+    Year to date, it said sales declined 16.9 pct to 18,003
+from 21,665 in the same 1986 period.
+    It said in the two-wheel drive 40 horsepower and under
+segment, 4,747 vehicles were sold in March compared to 5,473 a
+year ago. In the 40 and under to 100 horsepower, 2,238 vehicles
+were sold, up from 1,995 the previous March.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1207" NEWID="16672">
+<DATE>13-APR-1987 16:29:50.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2553&#31;reute
+r f BC-CENTRAL-ILL-PUBLIC-SE   04-13 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL ILL PUBLIC SERVICE &lt;CIP> 1ST QTR NET</TITLE>
+<DATELINE>    SPRINGFIELD, ILL., April 13 -
+    </DATELINE><BODY>Shr 28 cts vs 29 cts
+    Net 10,978,000 vs 11,916,000
+    Revs 153.5 mln vs 163.4 mln
+    NOTE: Full name is Central Illinois Public Service Co
+    Per-share results reflect payment of preferred dividends
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1208" NEWID="16673">
+<DATE>13-APR-1987 16:30:11.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2554&#31;reute
+r f BC-versar-has-u.s.-air   04-13 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERSAR &lt;VSR> HAS U.S. AIR FORCE CONTRACT</TITLE>
+<DATELINE>    SPRINGFIELD, V.A., April 13 - </DATELINE><BODY>Versar Inc said it received a
+four year contract from the U.S. Air Force with a maximum value
+of 9.5 mln dlrs for carrying out work including radioactive and
+toxic contamination studies.
+    Versar said work under the contract with the Air Force
+Occupational Health Laboratory, Aerospace Medical Division, at
+Brooks Air Force Base in Texas, will be done in and around air
+force installations worldwide.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1209" NEWID="16674">
+<DATE>13-APR-1987 16:30:20.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2555&#31;reute
+r f BC-BRASCAN-LTD-&lt;BRS.A.>   04-13 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRASCAN LTD &lt;BRS.A.> TO REDEEM PREFERREDS</TITLE>
+<DATELINE>    TORONTO, Apri 13 - </DATELINE><BODY>Brascan Ltd said it planned to redeem on
+May 15 all outstanding 1981 series A preferred shares at 26
+dlrs a share plus accrued and unpaid dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1210" NEWID="16675">
+<DATE>13-APR-1987 16:30:43.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2558&#31;reute
+d f BC-&lt;THERA-CARE-INC>-TO-A   04-13 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;THERA-CARE INC> TO ACQUIRE CUSHING</TITLE>
+<DATELINE>    EL CAJON, Calif., April 13 - </DATELINE><BODY>Thera-Care Inc said it agreed
+to acquire Cushing and Associates of Glendale, Calif., in
+exchange for 1,480,000 Thera-Care shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1211" NEWID="16676">
+<DATE>13-APR-1987 16:30:48.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2559&#31;reute
+d f BC-INTERCO-&lt;ISS>-COMPLET   04-13 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERCO &lt;ISS> COMPLETES LANE&lt;LANE> ACQUISITION</TITLE>
+<DATELINE>    ST. LOUIS, April 13 - </DATELINE><BODY>Interco Inc said its shareholders and
+those of Lane Co approved a merger of the two companies at
+special meetings.
+    As previously announced, Lane's shareholders will receive
+1.5 shares of Interco common stock for each share of Lane stock
+held.
+    Interco said the merger becomes effective April 14.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1212" NEWID="16677">
+<DATE>13-APR-1987 16:31:16.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2560&#31;reute
+d f BC-HMO-AMERICA-&lt;HMOA>-AG   04-13 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HMO AMERICA &lt;HMOA> AGREES TO BE ACQUIRED</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>HMO America Inc said it signed a letter
+of intent with Mount Sinai Medical Center here and an
+affiliate, providing that all of its common and preferred stock
+be acquired by a new not-for-profit company to be controlled by
+Mount Sinai and other Chicago area not-for-profit hospitals who
+may elect to participate in the acquisition.
+    The form of the transaction has not yet been determined, it
+said.
+    According to terms, HMO's shareholders would receive a
+combination of cash and debt securities to be issued by the
+buyer in exchange for their outstanding shares of common and
+preferred stock, it said.
+    The amount of cash per share has not yet been determined,
+it added.
+    Arrangements for financing have not yet been made and there
+can be no assurance that any financing will be received, HMO
+said.
+    Closing of the proposed transaction, if it is completed, is
+expected on or before November 2, 1987, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1213" NEWID="16678">
+<DATE>13-APR-1987 16:31:43.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2564&#31;reute
+s f BC-EVEREST-AND-JENNINGS   04-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EVEREST AND JENNINGS &lt;EJ.A> QTLY DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELES, April 13 -
+    </DATELINE><BODY>Shr five cts vs five cts prior qtr
+    Pay May 15
+    Record April 22
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1214" NEWID="16679">
+<DATE>13-APR-1987 16:31:48.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2565&#31;reute
+s f BC-PS-GROUP-INC-&lt;PSG>-QT   04-13 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PS GROUP INC &lt;PSG> QTLY DIVIDEND</TITLE>
+<DATELINE>    SAN DIEGO, Calif., April 13 -
+    </DATELINE><BODY>Shr 15 cts vs 15 cts prior qtr
+    Pay May 18
+    Record April 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1215" NEWID="16680">
+<DATE>13-APR-1987 16:33:03.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D><D>tose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E Y
+&#22;&#22;&#1;f2566&#31;reute
+r f BC-DOME-STOCK-BENEFITS-F   04-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME &lt;DMP> BENEFITS FROM TAKEOVER SPECULATION</TITLE>
+<AUTHOR>    By Solange De Santis</AUTHOR>
+<DATELINE>    Toronto, April 13 - </DATELINE><BODY>Shares of Dome Petroleum Ltd posted
+their biggest gain in months in the U.S. and Canada as stock
+markets foresaw a takeover tug-of-war beginning for the
+debt-heavy company.
+    Dome rose 1/4 to 1-1/8 on the American Stock Exchange and
+gained 31 cents to 1.44 Canadian dlrs on the Toronto Stock
+Exchange, where it was the most active stock. It rose as high
+as 1.50 dlrs in Toronto during the day. In recent months, Dome
+has normally moved by only a few cents per day.
+    TransCanada PipeLines yesterday announced a 4.3 billion dlr
+Canadian (3.22 billion U.S.) bid for all of Dome's assets, but
+Dome, which is based in Calgary, Alberta, said it is also still
+talking with two other companies, which it refuses to identify.
+    Market analysts today said the other two firms are believed
+to be foreign oil companies, noting that TransCanada yesterday
+stressed that its bid is "a Canadian solution to the financial
+difficulties of Dome Petroleum."
+    "The talk is about Conoco, which is controlled by DuPont
+&lt;DD>, and Atlantic Richfield Co &lt;ARC>, which sold its Canadian
+interest in 1975 and could be getting back in," said Wilf Gobert
+of Peters and Co Ltd.
+    David Bryson of Moss Lawson and Co also noted that British
+Petroleum PLC &lt;BP> is mentioned as a possible buyer, despite
+BP's 70 U.S. dlr per share bid two weeks ago for the 45 percent
+of Standard Oil Co &lt;SRD> it does not already own.
+    Calgary-based independent analyst James Hamilton has said
+in recent reports that Amoco Corp &lt;AN> has also been in talks
+with Dome.
+    Representatives of Atlantic Richfield, British Petroleum,
+Conoco and Amoco were not immediately available for comment.
+    Gobert characterized the market action in Dome today as "awfully
+optimistic," given TransCanada's offer to give current Dome
+shareholders stock in a new subsidiary, which it valued at 1.10
+dlrs Canadian per common share.
+    Under the offer, current Dome common and preferred
+shareholders would own 20 pct of the new subsidiary, which
+would own and operate all Dome's former assets. TransCanada
+would own 80 pct.
+    However, Bryson said the market may be looking at the
+potential for shares in a publicly-traded subsidiary. "The
+TransCanada offer has quite a bit of upside potential for Dome,"
+he said.
+    Gobert said he believes the TransCanada offer is "at the
+upper end of what I thought somebody would pay for Dome."
+    The TransCanada proposal would pay Dome's creditors 3.87
+billion Canadian dlrs (2.90 billion U.S. dlrs), with another
+one billion Canadian dlrs (750 mln U.S. dlrs) available to
+secured creditors if the Dome subsidiary earns profits above a
+certain level. TransCanada would not detail the profit level.
+    Dome currently is seeking to restructure about six billion
+Canadian dlrs (4.5 billion U.S. dlrs) in debt, which it took on
+several years ago when oil prices were high and the company
+wanted to expand.
+    "There has been speculation that Dome's assets are capable
+of supporting debt of three to four billion dlrs, so on that
+basis, the TransCanada offer would be at the upper end of that,"
+Gobert said.
+    Dome's debt troubles have often obscured the fact that it
+is a major player in the Canadian oil and gas field. It holds
+reserves of about 176 mln barrels of crude oil and 3.9 billion
+cubic feet of natural gas.
+    The company also owns or has an interest in 14.2 mln acres
+of oil and gas exploration land in the province of Alberta, the
+heart of Canada's oil industry.
+   Dome owns or has an interest in a total of 36.1 mln acres of
+land across Canada.
+   The company also has tax credits of about 2.5 billion dlrs
+Canadian (1.9 billion dlrs U.S.). It reported a 1986 loss of
+2.2 billion dlrs (1.65 billion dlrs U.S.), believed to be the
+largest ever by a Canadian company.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1216" NEWID="16681">
+<DATE>13-APR-1987 16:36:45.94</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2574&#31;reute
+u f BC-U.S.-BILL-AUCTION-RAT   04-13 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BILL AUCTION RATES AVERAGE 5.98, 6.08 PCT</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>The U.S. Treasury said its weekly
+auction of three-month bills produced an average rate of 5.98
+pct, with a 6.08 pct rate on six-month bills.
+    These rates compared with averages of 5.53 pct for the
+three- and 5.63 pct for the six-month bills sold last week.
+    The bond-equivalent yield on three-month bills was 6.17
+pct. Accepted bids ranges from 5.92 to 5.99 pct and 60 pct of
+the bids at the high, or stopout rate, were taken. For six
+months, the yield was 6.38 pct and the bids ranged from 5.98
+pct to 6.10 pct with 48 pct of the bids accepted.
+    The Treasury said it received 25.99 billion dlrs of bids
+for the three-month bills, including 1.2 billion dlrs in
+non-competitive bids from the public. It accepted 6.6 billion
+dlrs of bids, including 2.1 billion dlrs from the Federal
+Reserve and 180 mln dlrs from foreign and international
+monetary authorities.
+    Some 24.7 billion dlrs in bids for six-month bills were
+received, including 832 mln dlrs in non-competitives. The
+Treasury accepted 6.6 billion dlrs, including 1.8 billion dlrs
+from the Fed and 1.2 billion dlrs from foreign and
+international authorities.
+    The average price for the three-month bills was 98.488 and
+prices ranged from 98.504 to 98.486.  The average price for the
+six-months bills was 96.926, and prices ranged from 96.977 to
+96.916.
+    The average yield on the three-month bills was the highest
+since 5.99 pct on June 30, 1986.  The average yield on the
+six-month bills was the highest since 6.13 pct on June 23,
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1217" NEWID="16682">
+<DATE>13-APR-1987 16:41:17.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2584&#31;reute
+r f BC-ANDOVER-WAGES-HBO-&lt;HB   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANDOVER WAGES HBO &lt;HBOC> PROXY WAR</TITLE>
+<DATELINE>    ATLANTA, April 13 - </DATELINE><BODY>Andover Group, a Virginia general
+partnership, said it mailed proxies soliciting votes for a
+slate of nominees to HBO and Co's board of directors.
+   Last week, HBO and Co sent a letter urging shareholders
+against the proxies.
+    Andover said HBO has consistently refused to provide it
+with internal financial information it considers essential to
+formulate an acquisition offer. If its nominees are elected,
+Andover said it will make a proposal to buy HBO on terms and
+conditions to be determined at that time.
+    The annual meeting is scheduled for April 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1218" NEWID="16683">
+<DATE>13-APR-1987 16:42:11.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2585&#31;reute
+r f BC-UNITED-TECHNOLOGIES-&lt;   04-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TECHNOLOGIES &lt;UTX> IN JOINT PACT</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>United Technologies Corp said it
+joined with two other companies to form a partnership in
+proposing a defense system for the U.S. Army.
+    United Technologies said it joined forces with FMC Corp
+&lt;FMC> and &lt;British Aerospace> to form &lt;United Aerospace Defense
+Systems>.
+    Together, they proposed the "Tracked Rapier" defense system
+to meet Army requirements for defending American divisions in
+Europe from low flying helicopters and tactical aircraft.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1219" NEWID="16684">
+<DATE>13-APR-1987 16:44:59.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2588&#31;reute
+u f BC-COMPUTER-MEMORIES   04-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP RAISES COMPUTER MEMORIES &lt;CMIN> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>A shareholder group led by Far
+Hills, N.J., investor Natalie Koether said it raised its stake
+in Computer Memories Inc to 573,300 shares, or 5.1 pct of the
+total outstanding, from 542,000 shares, or 4.8 pct.
+    In a filing with the Securities and Exchange Commission,
+the group, which includes Sun Equities Corp, an investment
+firm, said it bought a net 31,300 Computer Memories common
+shares since March 31 at prices ranging from three to 3-5/16
+dlrs a share for "capital appreciation."
+    The group had earlier abandoned plans to seek control of
+the company and lowered its stake to less than five pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1220" NEWID="16685">
+<DATE>13-APR-1987 16:47:00.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>hong-kong</D><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2599&#31;reute
+u f BC-MCGILL   04-13 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG FIRM HAS 5.1 PCT OF MCGILL &lt;MGLL.O></TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Industrial Equity (Pacific) Ltd told
+the Securities and Exchange Commission it has acquired 72,600
+shares of McGill Manufacturing Co Inc, or 5.1 pct of the total
+outstanding common stock.
+    Industrial Equity, which is principally owned by Brierley
+Investments Ltd, a publicly held New Zealand firm, said it
+bought the stake for 2.3 mln dlrs for investment purposes.
+    It said it may add to its stake, or sell some or all of it,
+but has no plans to seek control of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1221" NEWID="16686">
+<DATE>13-APR-1987 16:47:52.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2605&#31;reute
+r f BC-RAMADA-&lt;RAM>-SELLS-SU   04-13 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAMADA &lt;RAM> SELLS SUBORDINATED NOTES</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Ramada Inc is raising 100 mln dlrs
+through an offering of subordinated notes due 1999 yielding
+11.703 pct, said sole manager Salomon Brothers Inc.
+    The notes have an 11-5/8 pct coupon and were priced at
+99.50, Salomon said.
+    Non-callable for three years and non-refundable for five,
+the issue is rated B-2 by Moody's Investors Service Inc and
+B-minus by Standard and Poor's Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1222" NEWID="16687">
+<DATE>13-APR-1987 16:48:21.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2610&#31;reute
+d f BC-MONTGOMERY-STREET-INC   04-13 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTGOMERY STREET INCOME &lt;MTS> 1ST QTR NET</TITLE>
+<DATELINE>    SAN FRANCISCO, April 13 -
+    </DATELINE><BODY>Shr 49 cts vs 50 cts
+    Net 3,922,533 vs 3,979,580
+    Note: Full name Montgomery Street Income Securities Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1223" NEWID="16688">
+<DATE>13-APR-1987 16:48:31.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2611&#31;reute
+r f BC-NORTHAIR-&lt;NRM.TO>-OPP   04-13 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHAIR &lt;NRM.TO> OPPOSING NORQUEST &lt;NQRLF> BID</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, April 13 - </DATELINE><BODY>Northair Mines Ltd
+said it would oppose Nor-Quest Resources Inc's earlier reported
+proposed takeover bid "with every means at its disposal,"
+saying "this attempt at a property grab is an insult to the
+intelligence of our shareholders."
+    It said Nor-Quest's offer to swap one Nor-Quest share plus
+one dlr for two Northair shares would seriously dilute
+Northair's equity in its Willa mine in British Columbia.
+    "Our company is in sound financial position and production
+financing can be readily arranged when required. We're not
+looking for a partner and if we were, it certainly wouldn't be
+these guys," Northair said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1224" NEWID="16689">
+<DATE>13-APR-1987 16:51:42.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2623&#31;reute
+r f BC-VISTA-CHEMICAL-&lt;VC>-I   04-13 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VISTA CHEMICAL &lt;VC> IN PUBLIC OFFERING</TITLE>
+<DATELINE>    HOUSTON, APril 13 - </DATELINE><BODY>Vista Chemical Co said it plans to file
+a registration statement with the Securities and Exchange
+Commission in early covering the sale of about 4.5 mln shares
+of its common stock to the public.
+    The shares will be sold by institutional investors who
+partially financed the company upon its formation in 1984 and
+by the trustee of its savings and investment plan on behalf of
+employee participants.
+    None of the shares will be sold by the company, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1225" NEWID="16690">
+<DATE>13-APR-1987 16:51:49.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2624&#31;reute
+r f BC-HARMON-INDUSTRIES-&lt;HR   04-13 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARMON INDUSTRIES &lt;HRMN.O> IN PACT WITH AMTRAK</TITLE>
+<DATELINE>    KANSAS CITY, Mo., April 13 - </DATELINE><BODY>Harmon Industries said it
+signed a contract worth more than three mln dlrs with the
+National Railroad Passenger Corp (Amtrak).
+    Harmon Industries said the contract includes the design,
+engineering, manufacturing, delivery and system integration for
+signalling equipment along Amtrak's 55-mile Philadelphia to
+Atlantic City, N.J., line.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1226" NEWID="16691">
+<DATE>13-APR-1987 16:51:56.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>france</D><D>ireland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2625&#31;reute
+r f BC-GE-&lt;GE>-VENTURE-WINS   04-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> VENTURE WINS JET ENGINE ORDER</TITLE>
+<DATELINE>    EVANDALE, Ohio, April, 13 - </DATELINE><BODY>CFM International, a joint
+venture of &lt;SNECMA> of France and General Electric Co said it
+received an order for its CFM56-5 engines worth 320 mln dlrs
+from &lt;GPA Airbus 320 Group Ltd, Shannon, Ireland.
+    The company said the engines will power 25 twin-engine
+Airbus Industrie A320 aircraft.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1227" NEWID="16692">
+<DATE>13-APR-1987 16:52:16.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2627&#31;reute
+r f BC-MEDIZONE-SAYS-AIDS-TH   04-13 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDIZONE SAYS AIDS THERAPY TO BE TESTED</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>&lt;Medizone International Inc> said it
+expects the Food and Drug Administration to soon approve the
+company's application to begin limited tests of its potential
+therapy against AIDS using a combination of ozone and oxygen.
+    The company said that once it receives FDA approval, 20
+patients with AIDS-related complex will start the treatment at
+Mount Sinai Medical Center in New York.
+    Dr Joseph Latino, director of research at Medizone said the
+therapy, which he likened to a process, uses a combination of
+oxygen and ozone injected into a patient's owns blood outside
+of the body, and then reinfused back into the body.
+    "We are guardedly optimistic that this treatment may work,"
+said Latino, who said the process has been used to treat viral
+illneses, including AIDS, in Europe with varying degrees of
+success.
+    He said ozone can kill viruses and is used to kill viruses
+in waste water treatments. He said the treatment should not be
+compared to inhaling ozone, which is toxic.
+   Latino said the company is prepared to fund the trial, which
+will cost about 250,000 dlrs.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1228" NEWID="16693">
+<DATE>13-APR-1987 16:53:37.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2631&#31;reute
+r f BC-textron-vice-chairman   04-13 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXTRON &lt;TXT> VICE-CHAIRMAN RESIGNS</TITLE>
+<DATELINE>    PROVIDENCE, R.I., April 13 - </DATELINE><BODY>Textron Inc said E. Paul Casey
+resigned as vice-chairman and a director to pursue other
+interests.
+    Casey assumed his duties at Textron in October, 1986,
+following acquisition of Ex-Cell-O Corp by Textron. Casey was
+formerly chairman, president and chief executive of Ex-Cell-O.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1229" NEWID="16694">
+<DATE>13-APR-1987 16:56:24.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2637&#31;reute
+r f BC-SEC-TO-PROBE-TWO-CONV   04-13 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC TO PROBE TWO CONVICTED OF SECURITIES FRAUD</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>The Securities and Exchange Commission
+said it began a disciplinary review of two men who were
+previously convicted of fraud for violations of  U.S.
+securities laws.
+    The SEC said Robert and Albert D'Elia were convicted
+following allegations that they traded upon information
+misappropriated from a financial printer in 1980 and 1981. The
+D'Elias were officers and shareholders of Rad Securities Inc, a
+Philadelphia broker-dealer.
+    A hearing will be scheduled at a later date, the SEC said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1230" NEWID="16695">
+<DATE>13-APR-1987 16:57:53.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2646&#31;reute
+r f BC-TEXAS-AIR-&lt;TEX>-UNIT   04-13 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR &lt;TEX> UNIT COMPLETES SYSTEM SALE</TITLE>
+<DATELINE>    MIAMI, April 13 - </DATELINE><BODY>Texas Air Corp's Eastern Airlines said it
+completed its previously announced plan to sell its travel
+agency automation system, SystemOne Direct Access Inc, and its
+computer and communications support unit, EAL Automation
+Systems Inc, to SystemOne Corp, a wholly-owned subsidiary of
+Texas Air Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1231" NEWID="16696">
+<DATE>13-APR-1987 16:58:02.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2647&#31;reute
+r f BC-AANCOR-UNIT-SELLS-PRI   04-13 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AANCOR UNIT SELLS PRIORITY SUBORDINATED NOTES</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>National Gypsum Co, a unit of Aancor
+Holdings Inc, said it is offering 300 mln dlrs of priority
+senior subordinated notes due 1997 with an 11-3/8 pct coupon
+and par pricing.
+    Non-redeemable for five years, the issue is rated B-2 by
+Moody's Investors Service Inc and B by Standard and Poor's
+Corp.
+    A sinking fund starts in 1994 to retire 75 pct of the notes
+by maturity. Proceeds will be used to terminate the company's
+current revolving credit facility. Goldman, Sachs and Co and
+Merrill Lynch Capital Markets underwrote the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1232" NEWID="16697">
+<DATE>13-APR-1987 16:58:55.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2648&#31;reute
+r f BC-MOODY'S-DOWNGRADES-MI   04-13 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S DOWNGRADES MICHIGAN GENERAL &lt;MGL> DEBT</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded 110 mln dlrs of debt of Michigan General Corp.
+    Reduced were the company's 10-3/4 pct senior subordinated
+debentures of 1998 to Caa from B-3.
+    Moody's cited Michigan's ongoing losses which have impaired
+liquidity, weakened financial flexibility and lessened the
+likelihood for operating performance to improve.
+    Michigan's principal business, lumber and housebuilding
+products sales, operates in a cyclical and highly competitve
+environment so that even debt restructuring would probably not
+improve earnings, Moody's pointed out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1233" NEWID="16698">
+<DATE>13-APR-1987 16:59:00.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2649&#31;reute
+r f BC-NCNB-CORP-&lt;NCB>-1ST-Q   04-13 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NCNB CORP &lt;NCB> 1ST QTR NET</TITLE>
+<DATELINE>    CHARLOTTE, N.C., April 13 -
+    </DATELINE><BODY>Shr 68 cts vs 68 cts
+    Net 53.9 mln vs 53.2 mln
+    Assets 26.5 billion vs 22.2 billion
+    Loans 15.7 billion vs vs 13.3 billion
+    Deposits 13.8 billion vs vs 11.6 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1234" NEWID="16699">
+<DATE>13-APR-1987 17:06:35.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2664&#31;reute
+u f BC-AIR-CANADA-SETS-SERVI   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR CANADA SETS SERVICE TO EGYPT</TITLE>
+<DATELINE>    MONTREAL, April 13 - </DATELINE><BODY>Air Canada, the state-owned airline,
+said it plans to begin flights to Egypt next year following a
+bilateral air trade agreement signed between the Egyptian and
+Canadian governments.
+    "Egypt has a healthy passenger and cargo air market in
+which Air Canada can be a powerful competitor," executive
+vice-president Roger Linder said.
+    The airline said it would like to link the service with one
+of its European stops.
+    It said it plans further expansion with destinations in the
+Middle East and Asia and a trans-Pacific route from Canada to
+the Far East.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1235" NEWID="16700">
+<DATE>13-APR-1987 17:07:25.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2666&#31;reute
+r f BC-BLASIUS   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRM HAS 5.3 PCT OF BLASIUS &lt;BLAS.O></TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Fidelity International Ltd, a
+Bermuda-based investment advisory firm, and an affiliated
+investment firm, American Values III N.V., said they have
+acquired 208,000 share of Blasius Industries Inc.
+    In a filing with the Securities and Exchange Commission,
+the group said it bought the stake, which amounts to 5.3 pct of
+the total outstanding common stock, to acquire an equity
+interest in the company for investment purposes.
+    The group said it may raise its stake or sell some or all
+of it, and has no plans to seek control of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1236" NEWID="16701">
+<DATE>13-APR-1987 17:08:39.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>masse</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f2667&#31;reute
+r f BC-CANADA-MINISTER-SETS   04-13 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA MINISTER SETS REVIEW OF ENERGY OPTIONS</TITLE>
+<DATELINE>    OTTAWA, April 13 - </DATELINE><BODY>Energy Minister Marcel Masse announced a
+series of conferences will be held across Canada to review the
+country's policy options in the energy sector.
+    "It is planned as a comprehensive review of Canadian energy
+issues, an examination of the present energy situation, an
+attempt to identify and evaluate our options for the future,"
+Masse said in a speech at a luncheon in Toronto that was made
+available here.
+    The meetings, which will be chaired by Tom Kierans,
+President of McLeod, Young Weir Ltd, will begin in June in
+Calgary, Alberta and conclude in December in Montreal.
+    The energy minister did not elaborate on what, if any,
+federal legislation would result from the process.
+    A final report would be issued at the end of the conference
+sessions and Masse said he would be in a position to respond to
+the report at that time.
+    In his speech, however, Masse said he would prefer to see
+the government's energy policies retain a market base, but
+added government intervention was sometimes necessary.
+    "I believe most of us accept the importance of allowing the
+market to function with the greatest possible freedom and
+flexibility," he said.
+    "However, because of intervention of all kinds, a market as
+perfect as we would like to have does not exist in this
+imperfect world," Masses said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1237" NEWID="16702">
+<DATE>13-APR-1987 17:11:00.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2671&#31;reute
+r f BC-dupont's-&lt;dd>-conoco   04-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUPONT'S &lt;DD> CONOCO SAYS NO INTEREST IN DOME</TITLE>
+<DATELINE>    Toronto, April 13 - </DATELINE><BODY>Conoco, a unit of DuPont Co, said it is
+not interested in buying Dome Petroleum Ltd &lt;DMP>, the Canadian
+oil company which has said it is in discussions with two
+unidentified companies.
+    "To my knowledge, there is no interest on our part," Conoco
+spokesman Sondra Fowler said.
+    Houston-based Conoco has been mentioned in market
+speculation on the identity of the two companies. Yesterday,
+Dome also received a 4.3 billion Canadian dlr offer for all its
+assets from TransCanada PipeLines Ltd &lt;TMP>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1238" NEWID="16703">
+<DATE>13-APR-1987 17:11:26.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2672&#31;reute
+r f BC-FIRST-FAMILY-GROUP-&lt;F   04-13 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FAMILY GROUP &lt;FFAM> SALES INCREASE</TITLE>
+<DATELINE>    AKRON, Ohio, April 13 - </DATELINE><BODY>First Family Group Inc said sales
+for March increased 27 pct over a year ago the same month to
+4.4 mln dlrs from 3.5 mln dlrs.
+    The company also reported third quarter sales increased 35
+pct to 14.5 mln dlrs from 10.6 mln dlrs.
+    First Family Group also reported sales for the first nine
+months of fiscal 1987. It said sales were 54.5 mln dlrs,
+compared to 52.7 mln dlrs a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1239" NEWID="16704">
+<DATE>13-APR-1987 17:12:38.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2677&#31;reute
+r f BC-BECHTEL-INC-SETS-UTLI   04-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BECHTEL INC SETS UTLITY DESIGN CONTRACT</TITLE>
+<DATELINE>    SAN FRANCISCO, Calif., April 13 - </DATELINE><BODY>Bechtel said it signed aa
+contract with the Lewis County Public Utility District and
+started preliminary design of the 100-mln-dlr Cowlitz Falls
+Hydroelectric Project in Washington.
+    The 70-megawatt project will generate about 250 mln
+kilowatt hours annually, serving the 21,000 residents of Lewis.
+    Bechtel said it will use anew power generation concept
+called hydrocombine, which may save 15 pct on the cost of the
+project.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1240" NEWID="16705">
+<DATE>13-APR-1987 17:12:56.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2678&#31;reute
+d f BC-ISC-SYSTEMS-&lt;ISCS.O>   04-13 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISC SYSTEMS &lt;ISCS.O> 3RD QTR MARCH 27 NET</TITLE>
+<DATELINE>    SPOKANE, Wash., April 13 -
+    </DATELINE><BODY>Shr seven cts vs 24 cts
+    Net 1,114,000 vs 3,676,000
+    Revs 43.6 mln vs 41.2 mln
+    Nine mths
+    Shr 25 cts vs 64 cts
+    Net 3,952,000 vs 9,614,000
+    Revs 118.6 mln vs 119.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1241" NEWID="16706">
+<DATE>13-APR-1987 17:13:22.59</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2679&#31;reute
+r f BC-SLATER-&lt;SSI.A.TO>-PLA   04-13 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SLATER &lt;SSI.A.TO> PLANS U.S. MODERNIZATION</TITLE>
+<DATELINE>    TORONTO, April 13 - </DATELINE><BODY>Slater Industries Inc said it planned a
+15 mln dlr modernization of its Slater Steels Corp Fort Wayne
+specialty bar division in Indiana.
+    It said the modernization would involve replacement of the
+existing bar mill with a high-speed, quick-change continuous
+mill. The new facility will lower labor and mill costs and
+enhance product quality and range, Slater said.
+    Completion date of the new mill was undisclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1242" NEWID="16707">
+<DATE>13-APR-1987 17:13:35.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2680&#31;reute
+d f BC-adams-russell   04-13 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADAMS-RUSSELL &lt;AAR> TO ACQUIRE CABLE SYSTEMS</TITLE>
+<DATELINE>    WALTHAM, Mass, April 13 - </DATELINE><BODY>Adams-Russell Co Inc said it
+agreed to acquire cable television systems serving about 7,000
+customers in New York State from Sammons Communications Inc for
+undisclosed terms.
+    Adams-Russell said the systems operate in Wellsville,
+Amity, Andover, Scio, Willing, Belmont, Milo, Jerusalem, Benton
+and Penn Yan, N.Y.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1243" NEWID="16708">
+<DATE>13-APR-1987 17:13:48.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2681&#31;reute
+h f BC-INDEPENDENT-BANK-CORP   04-13 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDEPENDENT BANK CORP &lt;IBCP.O> 1ST QTR NET</TITLE>
+<DATELINE>    IONIA, MICH., April 13 -
+    </DATELINE><BODY>Shr 27 cts vs shr 18 cts
+    Net 477,000 vs 305,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1244" NEWID="16709">
+<DATE>13-APR-1987 17:16:00.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2684&#31;reute
+d f BC-MEDI-RX-&lt;MDRX.O>-NAME   04-13 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDI-RX &lt;MDRX.O> NAMED IN ARBRITRATION REQUEST</TITLE>
+<DATELINE>    JENKINTOWN, Pa., April 13 - </DATELINE><BODY>&lt;Forber and Platel Inc> said it
+filed a demand for arbitration against Medi-Rx America Inc that
+seeks damages of more than five mln dlrs.
+    The company said that its demand alleges breach of
+contract, tortious interference with contractual relationships
+and fraud.
+    The company said it signed a contract with Medi-Rx to sell
+mail order prescription services and prescribed medical
+products for Medi-Rx. The company said that Medi-Rx violated
+terms of the contract and failed to pay commissions as provided
+for under the agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1245" NEWID="16710">
+<DATE>13-APR-1987 17:19:41.69</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2693&#31;reute
+r f BC-GULF-CANADA-&lt;GOC>-ACQ   04-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF CANADA &lt;GOC> ACQUIRES SUEZ OIL STAKE</TITLE>
+<DATELINE>    CALGARY, Alberta, April 13 - </DATELINE><BODY>Gulf Canada Corp said it
+acquired a 25 pct working interest in the Gulf of Suez oil
+concession for undisclosed terms.
+    The company said its agreement with operator Conoco
+Hurghada Inc and Hispanoil covered the 168,374-acre East
+Hurghada offshore concession. It said a 15.6 mln U.S. dlr
+four-well program was planned for 1987.
+    After the acquisition, which is subject to Egyptian
+government approval, working interests in the Hurghada block
+will be Conoco Hurghada at 45 pct, Hispanoil 30 pct and Gulf
+Canada the balance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1246" NEWID="16711">
+<DATE>13-APR-1987 17:20:31.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2694&#31;reute
+r f BC-CONVERGENT-TECHNOLOGI   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONVERGENT TECHNOLOGIES &lt;CVGT.O> SEES QTR LOSS</TITLE>
+<DATELINE>    SAN JOSE, Calif., April 13 - </DATELINE><BODY>Convergent Technologies Inc
+said it expects to report in the first quarter a loss more than
+twice the size of the 4.8-mln-dlr loss reported in the fourth
+quarter of 1986.
+    Convergent reported a first quarter 1986 profit of
+2,100,000 dlrs, or five cts per share.
+    The company said results declined in the quarter both in
+its traditional OEM business and its business systems group.
+    The anticipated loss reflects lower than expected operating
+margins, start-up costs for new product manufacturing and
+higher than planned expenses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1247" NEWID="16712">
+<DATE>13-APR-1987 17:20:52.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2695&#31;reute
+d f BC-HEILEMAN-&lt;GHB>-ACQUIR   04-13 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEILEMAN &lt;GHB> ACQUIRING C. SCHMIDT TRADEMARKS</TITLE>
+<DATELINE>    LA CROSSE, WIS., April 13 - </DATELINE><BODY>G. Heileman Brewing Co Inc said
+it agreed to acquire the trademarks of Philadelphia-based C.
+Schmidt which produces a line of malt beverage products,
+including Schmidt, Rheingold, Duquesne and Ortlieb.
+    In 1986, Schmidt sold about 1.6 mln barrels.
+    Under terms of the proposed agreement, Heileman said it
+will enter a trademark transfer agreement which provides for
+royalties to be paid to Schmidt over a specified period of time
+on beverage products produced under the C. Schmidt labels.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1248" NEWID="16713">
+<DATE>13-APR-1987 17:24:54.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2702&#31;reute
+u f BC-/TEXACO-&lt;TX>-LESS-WIL   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> LESS WILLING TO SETTLE - ANALYSTS</TITLE>
+<AUTHOR>    By SAMUEL FROMARTZ, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Texaco Inc told securities analysts at
+a meeting today that any settlement offers to Pennzoil Co &lt;PZL>
+would now be far less than what it offered before, according to
+analysts who attended the meeting.
+    "The message was they were far less likely to settle
+following the bankruptcy filing," said Richard Pzena of Sanford
+C. Bernstein and Co, who attended the meeting.
+    Texaco yesterday filed Chapter 11 bankrupcty to protect
+itself from the 10.3 billion dlr judgement awarded to Pennzoil
+for Texaco's illegal takeover of Getty Oil Co.
+    Texaco spokesmen said they could not comment on the
+analysts meeting.
+    The company's bankruptcy filing freed Texaco from posting a
+bond for the judgment pending appeal of the case in Texas
+Courts. Pennzoil said it would oppose the Chapter 11 filing.
+    "They are ready and willing to talk settlement," said one
+analyst who attended the Texaco meeting but declined to be
+named. "But a settlement would be for less now," he added.
+    The analysts, a number of whom said they were recommending
+Texaco, said the stock was so cheap that it might open up the
+company up to a takeover bid. Texaco declined 3-1/8 to close at
+28-1/2 today.
+    Pzena said company officials were asked at the meeting if
+it would agree to a takeover, but offered "no comment" in
+reply. He said the company said that takeover talks were not
+being held.
+    "It would make a lot of sense for Royal Dutch/Shell &lt;RD> or
+Exxon Corp &lt;XON> to go out and do it," Pzena said. "But they
+wouldn't make a hostile offer."
+    "This thing has opened them up to a possible acquisition,"
+said Alan Edgar of Prudential Bache Capital Funding in Dallas.
+"There's a lot of volume (in their stock) and that tells me
+someone's messing around," he added.
+    Texaco was the most actively traded issue on the New York
+Stock Exchange with just under 13 mln shares changing hands.
+    "I wouldn't rule anything out right now," said John Olson,
+an analyst with Drexel Burnham Lambert Inc.
+    Pennzoil's stock, also on the NYSE's most active list, fell
+15-1/4 points to close at 77. Many analysts said the bankruptcy
+filing was unfavorable to Pennzoil.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1249" NEWID="16714">
+<DATE>13-APR-1987 17:36:36.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2723&#31;reute
+r f BC-INTERCO-&lt;ISS>-SHAREHO   04-13 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERCO &lt;ISS> SHAREHOLDERS APPROVE MERGER</TITLE>
+<DATELINE>    ST. LOUIS, Mo., April 13 - </DATELINE><BODY>INTERCO Inc said its
+shareholders and shareholders of the Lane Co &lt;LANE.O> approved
+the merger of the two companies.
+    In the merger, Lane's stockholders will receive 1.5 shares
+of INTERCO common stock for each outstanding share of Lane
+common stock, INTERCO said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1250" NEWID="16715">
+<DATE>13-APR-1987 17:41:53.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2741&#31;reute
+r f BC-JOHN-H.-HARLAND-CO-&lt;J   04-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHN H. HARLAND CO &lt;JH> 1ST QTR NET</TITLE>
+<DATELINE>    ATLANTA, April 13 -
+    </DATELINE><BODY>Shr 30 cts vs 25 cts
+    Net 10.5 mln vs 8,697,589
+    Revs 71.9 mln vs 64.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1251" NEWID="16716">
+<DATE>13-APR-1987 17:42:03.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2742&#31;reute
+r f BC-PACIFICORP-&lt;PPW>-REDE   04-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFICORP &lt;PPW> REDEEMS PREFERRED STOCK</TITLE>
+<DATELINE>    PORTLAND, Ore., April 13 - </DATELINE><BODY>PacifiCorp said on May 15 it is
+redeeming 2.4 mln shares of its preferred stock.
+    The company said it is fully redeeming its 2.29-dlr no par
+serial preferred and its 2.48-dlr no par serial preferred and
+partially redeeming its 9.15 pct serial preferred.
+    The 993,383 shares of 2.29-dlr will be redeemed at 26.72
+dlrs per share, plus accumulated dividend of 0.0565 dlrs.
+    The 976,352 shares of 2.48-dlr preferred will be redeemed
+at 26.24 dlrs per share, plus dividend of 0.0612 dlrs.
+    Pacificorp will redeem 87.5 pct of its 500,000 shares of 
+9.15 pct preferred at 105.78 dlrs, plus 0.2257 dlrs dividend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1252" NEWID="16717">
+<DATE>13-APR-1987 17:42:07.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2743&#31;reute
+r f BC-&lt;TRAVELERS-REALTY-INC   04-13 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TRAVELERS REALTY INCOME INVESTORS> 1ST QTR NET</TITLE>
+<DATELINE>    BOSTON, April 13 -
+    </DATELINE><BODY>Shr 32 cts vs 38 cts
+    Qtrly div 35 cts vs 35 cts prior
+    Net 731,055 vs 865,117
+    NOTE: dividend payable May 20 to shareholders of record
+April 24.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1253" NEWID="16718">
+<DATE>13-APR-1987 17:43:16.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2744&#31;reute
+r f BC-DOTRONIX-INC-&lt;DOTX.O>   04-13 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOTRONIX INC &lt;DOTX.O> TO BUY &lt;VIDEO MONITORS></TITLE>
+<DATELINE>    NEW BRIGHTON, Minn., April 13 - </DATELINE><BODY>Dotronix Inc said it agreed
+in principle to buy Video Monitors Inc, a privately-held
+company.
+    In payment for the acquisition, Dotronix will issue 312,500
+unregistered shares of its common stock, notes worth 1.8 mln
+dlrs payable over three years, and about 70,000 dlrs in cash.
+    Dotronix said Video Monitors' sales for the fiscal year
+ended April 30, 1986, were 7.6 mln dlrs. Dotronix had income of
+659,663 dlrs on sales of 7.1 mln dlrs for the six months ended
+Dec. 31, 1986, as previously reported.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1254" NEWID="16719">
+<DATE>13-APR-1987 17:48:55.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f2752&#31;reute
+r f BC-DEVELCON-ELECTRONICS   04-13 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEVELCON ELECTRONICS LTD &lt;DLCFF> 2ND QTR LOSS</TITLE>
+<DATELINE>    SASKATOON, Saskatchewan, April 13 - </DATELINE><BODY>Period ended Feb 28
+    Shr loss 34 cts vs loss 58 cts
+    Net loss 1,252,000 vs 2,145,000
+    Revs 4,539,000 vs 3,504,000
+    SIX MTHS
+    Shr loss 66 cts vs loss 86 cts
+    Net loss 2,428,000 vs loss 3,163,000
+    Revs 9,033,000 vs 8,192,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1255" NEWID="16720">
+<DATE>13-APR-1987 17:49:08.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2753&#31;reute
+r f BC-ADVANCED-INSTITUTIONA   04-13 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED INSTITUTIONAL &lt;AIMS.O> IN NEW FACILITY</TITLE>
+<DATELINE>    SYOSSET, N.Y., April 13 - </DATELINE><BODY>Advanced Institutional Management
+Software Inc said it renegotiated its bank credit facility from
+a demand note to a 10-year term note with a 25-year payment
+schedule.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1256" NEWID="16721">
+<DATE>13-APR-1987 17:49:25.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2754&#31;reute
+d f BC-GENETIC-LABORATORIES   04-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENETIC LABORATORIES &lt;GENL.O> SETS UP UNIT</TITLE>
+<DATELINE>    ST. PAUL, Minn., April 13 - </DATELINE><BODY>Genetic Laboratories Inc said
+it set up a wholly owned subsidiary that will encorporate its
+reconstructive plastic surgery products.
+    Genetic Laboratories said one of the reasons for the move
+was to "facilitate the sale or merger" of the business "with
+other companies specializing in plastic surgery."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1257" NEWID="16722">
+<DATE>13-APR-1987 17:52:26.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2760&#31;reute
+u f BC-DRESSER-INDUSTRIES-&lt;D   04-13 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRESSER INDUSTRIES &lt;DI> LOSES PATENT APPEAL</TITLE>
+<DATELINE>    DALLAS, April 13 - </DATELINE><BODY>Dresser Industries Inc said the U.S.
+Court of Appeals ruled against it in its appeal of a 1985
+judgment in favor of Hughes Tool Co &lt;HT> concerning a patent
+infringement.
+    The case alleged that Dresser infringed on a Hughes patent
+regarding a drill bit sealing device, the company said.
+    However, Dresser said the Appellate Court set aside the
+royalty rate of 25 pct on selected bits as being arbitarary and
+returned the case to the district court level to ascertain a
+new rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1258" NEWID="16723">
+<DATE>13-APR-1987 17:54:58.25</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nymex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2763&#31;reute
+u f BC-TEXACO-FILING-ADDS-UN   04-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO FILING ADDS UNCERTAINTY IN OIL MARKET</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>U.S. oil traders said Texaco Inc's
+filing for protection under the Chapter 11 bankruptcy code is
+adding uncertainty to an already skittish oil market, but
+opinions are divided on the impact to the market.
+    "The filing is holding up wet barrel trading today," said
+one trader. "Everyone is talking about it, assessing their
+company's situations in relation to Texaco," he added.
+     Some traders said companies that deal with Texaco are
+concerned about whether they will receive payment or supplies
+under the bankruptcy filing.
+    However, others were less worried. "The first paid will be
+the trading community and those connected with Texaco in the
+shipping industry," one New York trader said.
+    "If Texaco doesn't get crude supplies it can't run its
+refineries, so its other assets would not be worth anything,"
+he added.
+    Texaco filed for protection under Chapter 11 of the U.S.
+bankruptcy code yesterday after failing to reach a settlement
+with Pennzoil on an 11 billion dlrs court award for illegally
+interferring with Pennzoil's proposed purchase of Getty Oil Co.
+    However, others were less worried. "The first paid will be
+the trading community and those connected with Texaco in the
+shipping industry," one New York trader said.
+    "If Texaco doesn't get crude supplies it can't run its
+refineries, so its other assets would not be worth anything,"
+he added.
+    Texaco filed for protection under Chapter 11 of the U.S.
+bankruptcy code yesterday after failing to reach a settlement
+with Pennzoil on an 11 billion dlrs court award for illegally
+interferring with Pennzoil's proposed purchase of Getty Oil Co.
+    "There is some reluctance to trade with Texaco but no great
+change," said another trader, adding that traders are tending
+toward prudence in their dealings with the company.
+    Traders are assessing whether to require cash prepayment or
+letters of credit, or to continue to trade as usual with Texaco
+on an open line basis, he said.
+    Another trader, however, described today's activity as
+business as usual, adding that traders feel more secure because
+no liens can be put on Texaco's assets while it is in
+bankruptcy.
+    Traders said there was no apparent effect of the Texaco
+filing on crude futures trading although they said the exchange
+might lower Texaco's position limit and require higher margins
+for Texaco's trades.
+    New York Mercantile Exchange President Rosemary McFadden
+declined to comment on Texaco's futures trading, saying that is
+is proprietary information. McFadden did say, however, that as
+a matter of procedure, it is possible the exchange can lower
+allowable position limits or increase margin requirements for
+companies that are in financial trouble.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1259" NEWID="16724">
+<DATE>13-APR-1987 18:00:26.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2769&#31;reute
+r f BC-ERC-INTERNATIONAL-&lt;ER   04-13 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERC INTERNATIONAL &lt;ERC> TO OFFER DEBENTURES</TITLE>
+<DATELINE>    FAIRFAX, Va., April 13 - </DATELINE><BODY>ERC International said it will
+file in the first quarter for a public offering of 25 mln dlrs
+principal amount convertible subordinated debentures due 2012.
+    It said it will file a registration statement with the
+Securities and Exchange Commission.
+    Proceeds will be used to repay existing debt, with the
+balance to be used in its acquisition program and for
+additional working capital, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1260" NEWID="16725">
+<DATE>13-APR-1987 18:07:27.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2778&#31;reute
+u f BC-VALLEY-NATIONAL-CORP   04-13 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALLEY NATIONAL CORP &lt;VNCP.O> 1ST QTR NET</TITLE>
+<DATELINE>    PHOENIX, April 13 -
+    </DATELINE><BODY>Shr 1.18 dlrs vs 1.15 dlrs
+    Net 19.7 mln vs 19.3 mln
+    Assets 10.05 billion vs 9.62 billion
+    Deposits 8.56 billion vs 8.04 billion
+    Net loans 6.95 billion vs 6.71 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1261" NEWID="16726">
+<DATE>13-APR-1987 18:07:50.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2781&#31;reute
+s f BC-OTTER-TAIL-POWER-CO-&lt;   04-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OTTER TAIL POWER CO &lt;OTTR.O> SETS DIVIDEND</TITLE>
+<DATELINE>    FERGUS FALLS, Minn., April 13 -
+    </DATELINE><BODY>Qtly dividend 73 cts vs 73 cts
+    Pay June 10
+    Record May 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1262" NEWID="16727">
+<DATE>13-APR-1987 18:09:55.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2783&#31;reute
+u f BC-BORG-WARNER   04-13 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL TO GET 30 MLN DLR FEE IN BORG &lt;BOR> DEAL</TITLE>
+<DATELINE>    WASHINGTON, April 13 - </DATELINE><BODY>Merrill Lynch and Co Inc &lt;MER>
+subsidiary seeking to take over of Borg-Warner Corp said it
+could realize a 30 mln dlr fee for its efforts, whether or not
+the deal, which it values at 4.7 billion dlrs, succeeds.
+    In a filing with the Securities and Exchange Commission,
+Merrill Lynch Capital Partners Inc said it would receive a 30
+mln dlr fee from the surviving company for acting as dealer
+manager of the merger after the Borg-Warner deal is completed.
+    But it said it could also receive a break-up fee of 30 mln
+dlrs if the deal fails for reasons, which include another party
+holding more than 40 pct of its stock or tendering for 50 pct.
+    The 30 mln dlr fee is among the highest set down in any
+tender offer agreement, either in compensation for dealer
+manager services or for break-up of the deal.
+    Merrill Lynch Capital Markets, backed by a group of
+investors it organized, has launched a 48.50 dlr a share tender
+offer for Borg-Warner for 90 pct of its stock.
+    The company's board has approved the plan, which was
+intended to thwart an unsolicited offer from GAF Corp.
+    Borg-Warner also agreed to redeem all outstanding Series A
+preferred shares and to pay off on all options at a 48.50 dlr a
+share exercise price before the merger is effective, it said.
+    Merrill Lynch said its representatives discussed a possible
+leveraged buyout with Borg-Warner as early as last December.
+    At that time, Merrill Lynch told the company it would
+consider a 43 dlr a share tender offer in cash and securities,
+if the Borg-Warner board approved, it said. On Feb 24, it said
+it was told the company had decided against a buyout.
+    But talks were revived after GAF launched its 46 dlr a
+share proposal on March 31, Merrill Lynch said.
+    Unlike its earlier proposal, Merrill Lynch said Borg-Warner
+management was asked not to take part in the new deal and it
+was conditioned upon payment of the fees.
+    In addition to its fees, Merrill Lynch said it will also
+get up to 17 mln dlrs from Borg-Warner to cover its expenses in
+the tender offer.
+    Merrill Lynch said it would continue operating Borg-Warner
+as a subsidiary with its current officers keeping their
+positions.
+    But for flexibility purposes, Merrill Lynch said it is
+considering redistributing Borg-Warner's assets to a number of
+subsdiaries of an entity it created to carry out the merger.
+    All in all Merrill Lynch estimated that there would be 130
+mln dlrs in fees and expenses connected with the deal.
+    Another 250 mln dlrs will be needed to repay certain debt
+of Borg-Warner, Merrill Lynch said.
+    To finance the deal, Merrill Lynch said it expects to
+borrow 3.5 billion dlrs from a group of banks and sell 100 mln
+dlrs of common stock of the new company, sell 100 mln dlrs of
+non-voting preferred stock of the new company to Merrill Lynch
+and Co, sell up to 650 mln dlrs of subordinated notes to
+Merrill Lynch and Co and sell to the public 204 mln dlrs of
+subordinated discount debentures.
+    GAF has raised its offer to 48 dlrs a share cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1263" NEWID="16728">
+<DATE>13-APR-1987 18:25:06.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2789&#31;reute
+u f BC-SUPERMARKETS-GENERAL   04-13 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERMARKETS GENERAL &lt;SGL> UNIONS WANT SECURITY</TITLE>
+<DATELINE>    PHILADELPHIA, April 13 - </DATELINE><BODY>United Food and Commercial Workers
+International Union said its locals currently bargaining with
+Supermarkets General Corp were prepared to demand additional
+job security in light of the recent takeover attempt by the
+Dart Group Corp.
+    The union said it represented more than 10,000 Pathmark
+workers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1264" NEWID="16729">
+<DATE>13-APR-1987 18:27:25.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2790&#31;reute
+r f BC-PARADYNE-&lt;PDN>-IN-PAC   04-13 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARADYNE &lt;PDN> IN PACT WITH UNIVAR &lt;UVX> UNIT</TITLE>
+<DATELINE>    LARGO, FLA, April 13 - </DATELINE><BODY>Paradyne Corp said it signed a
+contract with Van Waters and Rogers Inc, a subsidiary of UNIVAR
+Corp, to supply a data communications network.
+    The contract, valued at 1.5 mln dlrs, will include Paradyne
+modems, multiplexers, ANALYSIS network management system and
+NetCare services, Paradyne said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1265" NEWID="16730">
+<DATE>13-APR-1987 18:28:33.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>howard-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2791&#31;reute
+r f AM-ARMS-AMERICAN   04-13 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE SAYS SHULTZ TRIP MAY LEAD TO SUMMIT</TITLE>
+<DATELINE>    SANTA BARBARA, April 13 - </DATELINE><BODY>President Reagan's chief of staff
+said a decision on a new U.S.-Soviet summit could emerge from
+Secretary of State George Shultz' Moscow talks with Soviet
+Foreign Minister Eduard Shevardnadze.
+    Chief of Staff Howard Baker noted Reagan's invitation to
+Kremlin chief Mikhail Gorbachev to visit the United States,
+made at their first summit in Geneva in November, 1985, was
+still on the table.
+    "I would not be surprised to see that subject discussed by
+the secretary of state and the Soviet Foreign Minister," Baker
+told reporters.
+    "I would not be surprised to see some sort of decision
+result from those conversations."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1266" NEWID="16731">
+<DATE>13-APR-1987 18:34:50.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2793&#31;reute
+u f BC-PENNZOIL-(PZ)-PLOTS-S   04-13 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNZOIL &lt;PZL> PLOTS STRATEGY TO FIGHT TEXACO</TITLE>
+<AUTHOR>    By JULIE VORMAN, Reuters</AUTHOR>
+<DATELINE>    HOUSTON, April 13 - </DATELINE><BODY>Pennzoil Co, frustrated by Texaco Inc's
+&lt;TX> decision to seek bankruptcy protection from its 10.3
+billion dlr court judgment, is preparing to launch a new
+assault that may include investigating assets Texaco
+transferred from its corporate parent to subsidiaries, legal
+experts said.
+    Joe Jamail, a Houston lawyer for Pennzoil, said the company
+would file a challenge to Texaco's bankruptcy petition sometime
+this week accusing the oil giant of bad faith and ignoring its
+fiduciary responsibilities to shareholders.
+    The action is almost certain to ignite a new round of
+debate between the two companies stemming from Texaco's 1984
+acquisition of Getty Oil Co for 10.2 billion dlrs, a company
+Pennzoil believed it had an agreement to buy.
+    "We're going to be doing a lot of things they may not
+like," Jamail said, referring to the bankruptcy court
+proceeding in New York.
+    Some legal experts suggested that a mud-slinging battle in
+bankruptcy court between the two companies might also provoke
+Congressional interest in whether the bankruptcy code is too
+lenient because it permits a profitable firm to freeze debts.
+    Texaco, which has assets totaling 34.9 billion dlrs, sought
+protection Sunday under Chapter 11 of the federal bankruptcy
+code rather than risk having a Texas appeals court order the
+company to post a security bond for the entire amount of the
+Pennzoil judgment.
+    Gerald Treece, dean of the South Texas College of Law and
+an observer of the litigation during the past three years, said
+Pennzoil was unlikely to prove Texaco is not qualified to be in
+bankruptcy court simply because the giant oil company has a
+positive cash flow and assets that far exceed its liabilities.
+    But Pennzoil may be successful in raising the issue of
+whether Texaco improperly transferred certain assets from the
+corporate parent into subsidiaries unaffected by the bankruptcy
+filing, Treece said.
+    "Pennzoil's lawyers are going to be like dogs barking at
+the heels of Texaco wherever they go," Treece said, "I think
+people are going to be surprised at the level of intensity that
+Pennzoil will use in searching for hidden Texaco assets."
+    Jamail said Pennzoil objected to Texaco's transfer of an
+oil refinery and chemical plant in Port Arthur, Texas from its
+corporate parent to a subsidiary on Dec. 9, 1985, one day
+before a state court judge entered the record jury award
+against Texaco. Jamail suggested that the refinery and chemical
+plant, valued at about 1.1 billion dlrs, were deliberately
+placed out of reach of the Texas jury judgment.
+    But Richard Lieb, an attorney with Kronish, Lieb, Weiner
+and Hellman in New York, said Texaco could elect to place
+additional subsidiaries into bankruptcy if necessary.
+    In the petition filed Sunday, only Texaco Inc, the
+corporate parent, and two financial subsidiaries were included
+in the bankruptcy case. The businesses account for only about
+four pct of Texaco's total revenues.
+    Mickey Sheinfeld, a Houston lawyer who represented
+Continental Airlines in an historic bankruptcy case that set
+aside labor union agreements, said the track record of the
+bitter Texaco-Pennzoil struggle indicates that the two
+companies could spend two or three years fighting in bankruptcy
+court.
+    "The courts have been very interested in the issue of
+good-faith bankruptcy filings. This may prove to be a landmark
+case in developing that issue," Sheinfeld said.
+    Texaco, he said, was following the example set by Manville
+Corp, A.H. Robins Co and other firms that fell into bankruptcy
+expressly to avoid paying large legal judgments. Bankruptcy
+laws were relaxed in 1978 so that a company no longer needed to
+prove it was insolvent in order to seek protection from
+creditors.
+    Texaco lawyers bristle at the suggestion that the company
+entered bankruptcy to spite Pennzoil.
+    Gibson Gayle, a Texaco lawyer, said the company had every
+right to seek protection from creditors, and that Texaco had
+embarked on an internal restructuring plan in December 1984
+that required transferring various assets among subsidiaries.
+But Treece said the high profile of the Texaco bankruptcy case
+may also put the company under an uncomfortable spotlight.
+    "What seems fair and what may be legally correct may be two
+entirely different things," Treece said. "This may be a signal
+to Congress to do something about tightening the bankruptcy
+laws. You are either a chicken or a duck, just like you are
+either bankrupt or you're not."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1267" NEWID="16732">
+<DATE>13-APR-1987 18:48:56.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2808&#31;reute
+d f PM-BRITAIN-POLL   04-13 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATEST BRITISH POLL HAS THATCHER STILL WAY AHEAD</TITLE>
+<DATELINE>    LONDON, April 14 - </DATELINE><BODY>The latest British opinion poll gave
+Margaret Thatcher's Conservative party a huge 17 point lead
+over the opposition -- the highest rating yet for the prime
+minister who is seeking a record third consecutive term.
+    The poll in today's Sun popular tabloid showed the
+Conservatives could win a solid majority of 125 seats in
+Parliament in the next general election.
+    Thatcher must call an election by June 1988 but is widely
+expected to call it this year.
+    The survey gave the Conservatives 44 pct of the votes,
+left-wing Labour and the centrist Liberal-Social Democratic
+Alliance 27 pct each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1268" NEWID="16733">
+<DATE>13-APR-1987 18:50:06.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2809&#31;reute
+u f BC-TEXACO-&lt;TX>-PENNZOIL   04-13 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> PENNZOIL &lt;PZL> WIDE APART ON ACCORD</TITLE>
+<DATELINE>    NEW YORK, April 13 - </DATELINE><BODY>Texaco Inc and Pennzoil Co are still
+far apart on a settlement of their 10.3 billion dlrs dispute,
+but both sides are still willing to settle, executives from
+both companies said.
+    Pennzoil chairman J. Hugh Liedtke, on the MacNeil/Lehrer
+News Hour, said Pennzoil had offered to settle the dispute
+along the lines suggested by Wall Street analysts - something
+in the range of three to five billion dlrs - but Texaco Inc
+president James Kinnear said it was the first time he heard the
+three to five billion dlrs figure.
+    Kinnear, on the television news program, said Pennzoil had
+talked about four to five billion dlrs previously.
+    Both executives, who were taped in separate interviews,
+each accused the other of irresponsible actions in the ongoing
+legal battle, which involves Texaco's 1984 takeover of Getty
+Oil Co.
+    Yesterday, Texaco filed for protection under Chapter 11 of
+the U.S. Bankruptcy code, stating it was unable to continue its
+business because of the legal fight.
+    Liedtke said Pennzoil is prepared to litigate the matter as
+long as it takes to bring the case to a final conclusion.
+    Lietke said he thought it would take about 18 months to two
+years to conclude the case.
+    Asked if chance of a settlement were out the window,
+Liedtke replied, "I've never thought that was the case. I
+always believed this could be settled. But it will never be
+settled as long as Texaco has the position that it has that
+either you will settle with us on our basis or we will hold our
+breath till we die." 
+    But Kinnear said, "we offered a big reasonable settlement."
+    Kinnear also seemed to confirm remarks made at an analysts
+meeting earlier today where Texaco said it would only settle
+the matter for far less than what it offered before.
+    "The offers we made yesterday won't be repeated tomorrow,"
+Kinnear said.
+    Kinnear charged that Pennzoil was "using extortionary
+pressure to deny us the ability to conduct our business." He
+said that pressure forced the company into its Chapter 11
+filing. 
+    But he added he still hoped the dispute would be settled.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1269" NEWID="16734">
+<DATE>13-APR-1987 19:01:00.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2817&#31;reute
+d f BC-CHRYSLER-&lt;C>-NON-PROF   04-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> NON-PROFIT GROUP SELLS UNIT</TITLE>
+<DATELINE>    DETROIT, April 13 - </DATELINE><BODY>Chrysler Corp's Chrysler Motors Corp
+said its Chrysler Training Corp non-profit organization sold
+the name and assets of its Motech Auto Mechanic and Body Shop
+Schools to O/E Corp of Troy, Mich.
+    The sale price was not disclosed.
+    Under the Internal Revenue Service code, proceeds from the
+sale of Motech must be donated to another tax-exempt nonprofit
+organization. Chrysler did not reveal the name of the group
+that received the proceeds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1270" NEWID="16735">
+<DATE>13-APR-1987 19:01:16.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2818&#31;reute
+r f BC-POTLATCH-CORP-&lt;PCH>-1   04-13 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POTLATCH CORP &lt;PCH> 1ST QTR NET</TITLE>
+<DATELINE>    SAN FRANCISCO, April 13 -
+    </DATELINE><BODY>Shr 63 cts vs 47 cts
+    Net 16.8 mln vs 12.4 mln
+    Sales 248.6 mln vs 233.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1271" NEWID="16736">
+<DATE>13-APR-1987 19:02:01.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2819&#31;reute
+r f BC-DENSE-PAC-MICROSYSTMS   04-13 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENSE-PAC MICROSYSTMS &lt;DPAC.O> NAMES CEO</TITLE>
+<DATELINE>    GARDEN GROVE, Calif., April 13 - </DATELINE><BODY>Dense-Pac Microsystems Inc
+said it named James Turner is chief executive officer.
+    He replaces Anthony Macedo, who was acting on an interim
+basis and remains a director.
+    Turner had been president of Titan Severe Environment
+Systems Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1272" NEWID="16737">
+<DATE>13-APR-1987 19:02:28.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2820&#31;reute
+d f BC-DICEON-ELECTRONICS-&lt;D   04-13 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DICEON ELECTRONICS &lt;DICN.O> TO BUY SYMTRON CORP</TITLE>
+<DATELINE>    IRVINE, Calif., April 13 - </DATELINE><BODY>Diceon Electronics Inc said it
+has entered an agreement in principal to buy closely-held
+Symtron Corp in a stock exchange transaction.
+    Under the pact, Diceon would exchange 300,000 shares of its
+stock for all of Symtron's shares.
+    The acquisition, which is subject to board approval and a
+definitive agreement, is expected to be concluded during May.
+    Diceon said Symtron management would continue running the
+business, which would become a wholly-owned subsidiary.
+    Symtron had 1986 sales of about 20 mln dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1273" NEWID="16738">
+<DATE>13-APR-1987 19:02:53.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2821&#31;reute
+r f BC-ADVANCED-GENETIC-SCIE   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED GENETIC SCIENCES &lt;AGSI.O> FROSTBAN TEST</TITLE>
+<DATELINE>    OAKLAND, Calif., April 13 - </DATELINE><BODY>Advanced Genetic Sciences Inc
+said it  received final authorization for field testing of its
+genetically altered bacteria, Frostban, developed to protect
+fruit and nut crops from frost damage.
+    The company said its state permit by the California
+Department of Food and Agriculture is the final clearance
+needed, ending three and one-half years of laboratory and
+greenhouse testing and various government approvals.
+    A public interest group concerned about the environmental
+safety of the test tried repeatedly to block government
+approval of the testing.
+    "Its's gratifying when government relies on scientific
+expertise in reaching its decision and rejects the rhetoric
+that has delayed this risk-free field trial for too long," said
+Advanced Genetic Sciences President and Chief Executive Officer
+Joseph Bouckaert.
+    The company said it expects to begin the testing, on
+strawberry plants covering one-fifth of an acre, later this
+spring.
+    The test site is near Brentwood, California.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1274" NEWID="16739">
+<DATE>13-APR-1987 19:17:43.26</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM
+&#22;&#22;&#1;f2827&#31;reute
+u f AM-oil-ecuador   04-13 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR SAYS WILL RESUME LIMITED OIL PRODUCTION</TITLE>
+<DATELINE>    QUITO, April 13 - </DATELINE><BODY>Ecuador will resume limited crude output
+next week to fill up storage tanks as a first step to pump oil
+to a Colombian pipeline on May one, the state Ecuadorean
+Petroleum Corp (CEPE) said.
+    CEPE manager Carlos Romoleroux told reporters that Ecuador
+would begin pumping an unspecified amount of crude in
+northeastern jungle oilfields at the end of next week in
+preparation to send the oil through a new pipeline link-up to
+neighbouring Colombia.
+    Oil production in Ecuador was halted on March five when an
+earthquake damaged the country's main pipeline from Lago Agrio,
+at the heart of the Ecuadorean jungle oilfields, to the pacific
+port of Balao.
+    It will take at least until the end of July to repair the
+pipeline and return output to normal levels. The country was
+pumping between 245,000 bpd and 250,000 bpd before the tremor.
+    To resume limited output in the meantime, Ecuador is
+constructing a 26 mile pipeline linkup, capable of carrying
+55,000 bpd, from Lago Agrio to Puerto Colon, the starting point
+of Colombia's pipeline to the Pacific port of Tumaco.
+    The original target date to resume limited crude output was
+May eight, the scheduled date for the inauguration of the Lago
+Agrio to Puerto Colon pipeline, an energy ministry spokesman
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1275" NEWID="16740">
+<DATE>13-APR-1987 19:35:03.03</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2830&#31;reute
+u f BC-NEW-ZEALAND-CPI-RISES   04-13 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND CPI RISES 2.3 PCT IN MARCH QUARTER</TITLE>
+<DATELINE>    WELLINGTON, April 14 - </DATELINE><BODY>New Zealand's consumer price index,
+CPI, which measures the rate of inflation, rose 2.3 pct in the
+quarter ended March 31 against an 8.9 pct rise in the December
+1986 quarter and a 2.3 pct rise in the March 1986 quarter, the
+Statistics Department said.
+    For the 12 months ended March 1987 the CPI rose 18.3 pct
+against 18.2 pct in 12 months ended December 1986 and 13.0 pct
+in the 12 months ended March 1986, it said in a statement.
+    Nearly half the increase in the latest quarterly index was
+contributed by the housing group, the department said.
+    The December quarter was significantly affected by the
+introduction of a 10 pct value added goods and services tax,
+GST, in October 1986, it added.
+    However, some GST charges not measured in the December 1986
+quarter influenced the latest March quarterly figure, it said.
+    This is because of an unavoidable lag in price information,
+particularly on housing, used cars and insurance on household
+contents, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1276" NEWID="16741">
+<DATE>13-APR-1987 19:52:21.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2834&#31;reute
+u f PM-BRITAIN-POLL   04-13 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATEST POLL PUTS THATCHER'S CONSERVATIVES AHEAD</TITLE>
+<DATELINE>    LONDON, April 14 - </DATELINE><BODY>The latest British opinion poll, gave
+Margaret Thatcher's Conservatives a 17-point lead over the
+opposition -- the highest rating yet for the Prime Minister who
+is seeking a record third consecutive term.
+    The poll in today's Sun tabloid showed the Conservatives
+could win a majority of 125 seats in Parliament in the next
+general elections. Thatcher must call the elections by June
+1988, but is expected to do so this year. The survey, conducted
+between April 10 and 12 among 1,000 adults eligible to vote,
+gave the Conservatives 44 pct, and left-wing Labour and the
+centrist Liberal-Social Democratic Alliance 27 pct each.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1277" NEWID="16742">
+<DATE>13-APR-1987 20:11:03.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>colombia</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f2837&#31;reute
+u f BC-colombia's-texaco-ope   04-13 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA'S TEXACO &lt;TX> OPERATIONS NOT AFFECTED</TITLE>
+<DATELINE>    BOGOTA, April 13 - </DATELINE><BODY>The operations in Colombia of Texas
+Petroleum Co, a subsidiary of Texaco Inc, will not be affected
+by the legal dispute with the Pennzoil Co, its manager John
+Buttle said in a communique.
+    The company yesterday filed protection under Chapter 11 of
+the Bankruptcy code. He said Texaco Inc did not operate outside
+the United States and operations of Texas Petroleum here are
+unaffected.
+    Texas Petroleum Co, which posted a seven mln dlr profit in
+1986 in Colombia, exploits in association with state-run oil
+company Ecopetrol some crude and natural gas wells.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1278" NEWID="16743">
+<DATE>13-APR-1987 20:22:21.84</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2842&#31;reute
+f f BC-Bank-of-Japan-interve   04-13 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bank of Japan intervenes to support dollar after Tokyo opening, dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1279" NEWID="16744">
+<DATE>13-APR-1987 20:35:53.91</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2847&#31;reute
+b f BC-BANK-OF-JAPAN-INTERVE   04-13 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES IN TOKYO AFTER OPENING</TITLE>
+<DATELINE>    TOKYO, April 14 - </DATELINE><BODY>The Bank of Japan intervened in Tokyo to
+buy dollars just after the market opened, dealers said.
+    The dollar opened at 142.05 yen against 142.15/25 in New
+York and 142.50 at the close here yesterday.
+    The bank stepped into the market amid selling pressure from
+interbank dealers, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1280" NEWID="16745">
+<DATE>13-APR-1987 21:22:08.53</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2865&#31;reute
+u f BC-MIYAZAWA-SEES-EVENTUA   04-13 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SEES EVENTUAL LOWER U.S. TRADE DEFICIT</TITLE>
+<DATELINE>    TOKYO, April 14 - </DATELINE><BODY>Japanese Finance Minister Kiichi Miyazawa
+told a press conference he expects the U.S. Trade deficit to
+eventually start reflecting economic fundamentals, which should
+influence exchange rates.
+    The minister was not referring to the U.S. Trade data to be
+released in Washington later today.
+    Miyazawa also said he told major industrial nations when he
+was in Washington last week that present exchange rates are not
+necessarily good. He had said earlier in Washington that
+current exchange rates were within levels implied in the
+February Paris currency accord.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1281" NEWID="16746">
+<DATE>13-APR-1987 22:29:23.35</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2900&#31;reute
+f f BC-Japan-March-wholesale   04-13 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan March wholesale prices rise 0.2 pct (0.1 pct February drop) - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1282" NEWID="16747">
+<DATE>13-APR-1987 22:34:38.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2903&#31;reute
+u f BC-NO-TALKS-SET-ON-PROPO   04-13 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO TALKS SET ON PROPOSED JAPAN TELECOM MERGER</TITLE>
+<DATELINE>    TOKYO, April 14 - </DATELINE><BODY>No formal talks have been scheduled yet
+among companies involved in a controversial proposal to merge
+two groups seeking to enter Japan's international
+telecommunications sector, an official from one group said.
+    "Nothing has been firmed up yet," said an official at
+&lt;International Digital Communications Planning Inc> (IDC), one
+of the groups set up last year to study competing against
+&lt;Kokusai Denshin Denwa Co Ltd>, which monopolises the sector.
+    Britain's Cable and Wireless Plc &lt;CAWL.L>, which holds a 20
+pct share in IDC, has opposed plans to merge with rival group,
+&lt;International Telecom Japan Inc>.
+    Under the plan, backed by the Post and Telecommunications
+Ministry, Cable and Wireless and U.S.-based &lt;Pacific Telesis
+International Inc> would become core companies in the merged
+firm, with shares equal to those of the six major Japanese core
+companies and seats on the board of directors.
+    Britain, angry over what it feels are moves to restrict
+Cable and Wireless' role in the sector, views the issue as a
+test case. The IDC official declined to specify what was
+holding up the talks.
+    A spokesman for C. Itoh and Co Ltd &lt;CITT.T>, which holds 20
+pct of IDC, said a meeting may be held later this week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1283" NEWID="16748">
+<DATE>13-APR-1987 22:42:11.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2906&#31;reute
+u f BC-CME-MEMBERS-REJECT-PE   04-13 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME MEMBERS REJECT PETITION TO BAN DUAL TRADING</TITLE>
+<DATELINE>    CHICAGO, April 13 - </DATELINE><BODY>Members of the Chicago Mercantile
+Exchange (CME) rejected a membership petition to ban dual
+trading in Standard and Poor's 500 stock index futures and
+options on futures, the exchange said.
+    Members voted 1,272 to 525 against a proposal to prohibit
+members from filling customer orders and trading for their own
+account, known as dual trading, in the S and P contracts.
+    Instead of an outright ban on dual trading, the CME board
+adopted new rules, which include limitations on dual trading in
+stock index products, that will now be sent to the Commodity
+Futures Trading Commission for approval.
+    The new rules will limit the use of the top step in the S
+and P 500 futures and options pits, where the most active
+contract is traded, to brokers filling customer orders only.
+They may not transact business for their own account.
+    The CME last week hired a new compliance officer and
+increased the staff of the market surveillance department to
+enhance security and regulation of the exchange.
+    The rule changes also require brokers in S and P futures
+and options to manually record to the nearest minute the time
+of all personal trades in stock index products.
+    Finally, the board voted to impose strict limits on trading
+within broker groups applicable to the entire exchange and
+redefined broker groups to more completely cover all forms of
+associations. A percentage limitation on the personal trading
+of a broker group member with other members of the group, and a
+percentage limitation on filling orders between members of the
+same broker group, will be set.
+    John Sandner, CME board chairman, said in a statement the
+original petition would have adversely affected liquidity,
+discriminated against every broker and deprived all customers
+of their right to choose a broker who is a dual trader.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1284" NEWID="16749">
+<DATE>13-APR-1987 23:33:22.49</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>haiti</D><D>usa</D><D>dominican-republic</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f2927&#31;reute
+u f BC-HAITIAN-CANE-PLANTERS   04-13 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAITIAN CANE PLANTERS PROTEST SUGAR MILL CLOSURE</TITLE>
+<DATELINE>    PORT-AU-PRINCE, April 13 - </DATELINE><BODY>About 2,000 sugar cane planters
+marched to Port-au-Prince to protest against the closure of
+Haiti's largest sugar mill and second biggest employer.
+    The Haitian American Sugar Company closed on Friday because
+of a huge surplus of unsold sugar. The firm said Haiti has been
+flooded with smuggled refined and unrefined sugar from the
+Dominican Republic and refined U.S. Sugar from Miami.
+    The closure idled 3,500 factory workers and left 30,000
+small cane planters with no outlet for their cane. The
+protesters blamed Finance Minister Lesly Delatour for the
+closure, saying his policies have hurt Haitian businesses.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1285" NEWID="16750">
+<DATE>13-APR-1987 23:34:41.88</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f2929&#31;reute
+u f BC-CHINA-TO-OPEN-FIRST-P   04-13 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TO OPEN FIRST PHASE OF LARGE ALUMINIUM PLANT</TITLE>
+<DATELINE>    PEKING, April 14 - </DATELINE><BODY>China, a major aluminium importer, will
+open the first phase of its biggest aluminium plant on October
+1, the China Daily said.
+    The first phase of the plant, located in Qinghai province,
+will have an annual capacity of 100,000 tonnes of ingots, half
+the capacity of the finished plant. It will turn out 4,000
+tonnes in 1987, the paper said, but gave no more details.
+    Construction of the 510 mln yuan plant began in April 1984.
+    Customs figures show China imported 266,241 tonnes of
+aluminium and alloy in 1986, down from 487,862 in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1286" NEWID="16751">
+<DATE>13-APR-1987 23:52:58.17</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>taiwan</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2931&#31;reute
+u f BC-TAIWAN-IMPORTS-210,00   04-13 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN IMPORTS 210,000 TONNES SOUTH AFRICAN MAIZE</TITLE>
+<DATELINE>    TAIPEI, April 14 - </DATELINE><BODY>Taiwan imported about 210,000 tonnes of
+South African maize between January 1 and April 13, the joint
+committee of local maize importers said.
+    Under a three-year agreement signed last year, South Africa
+will export 600,000 tonnes of maize a year to Taiwan.
+    A committee spokesman told Reuters the rest of this year's
+quota will be shipped during the rest of 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1287" NEWID="16752">
+<DATE>17-APR-1987 00:38:01.88</DATE>
+<TOPICS><D>veg-oil</D><D>soybean</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0001&#31;reute
+u f BC-TAIWAN-LIKELY-TO-BUY   04-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN LIKELY TO BUY MORE U.S. SOYBEANS</TITLE>
+<DATELINE>    TAIPEI, April 17 - </DATELINE><BODY>A 50 pct cut in the import tariff for
+soybeans should help boost 1987 U.S. Soybean exports to Taiwan,
+a spokesman for the joint committee of soybean importers told
+Reuters.
+    He said the cut to 3.5 from seven pct was approved by the
+cabinet yesterday and would go into effect within a week.
+    The cut will encourage local importers to increase 1987
+soybean imports to 1.9 mln tonnes from 1.74 mln last year, he
+said. The previous target for 1987 was 1.81 tonnes.
+    Taiwan imports more than 90 pct of its soybeans from the
+U.S. And the rest from South America.
+    The spokesman said the increase in imports from the U.S. Is
+in line with government efforts to reduce Taiwan's trade
+surplus with Washington, which rose to 3.61 billion U.S. Dlrs
+in the first quarter of 1987 from 2.78 billion a year ago.
+    "The tariff cut is very helpful for American suppliers (who
+want) to boost their exports to Taiwan," Steve Chen, country
+director of the American Soybean Association, told Reuters.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1288" NEWID="16753">
+<DATE>17-APR-1987 01:17:36.34</DATE>
+<TOPICS><D>grain</D><D>sorghum</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0006&#31;reute
+u f BC-CHINA-FACES-EXTENDED   04-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA FACES EXTENDED SORGHUM SHORTAGE</TITLE>
+<DATELINE>    PEKING, April 17 - </DATELINE><BODY>China will be short of sorghum in 1987
+for the sixth successive year because high production costs and
+low profits discourage farmers from growing it, the China Daily
+Business Weekly said.
+    It said sorghum output in calendar 1986 was 5.34 mln
+tonnes, down five pct from the 1985 level, and prices on the
+free market rose in January to 0.42 yuan per kg, up 14 pct on
+January 1986.
+    It said sorghum acreage in 1987 is six pct lower than in
+1986. Sorghum accounts for 40 pct of the raw materials needed
+by China's breweries, it added but gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1289" NEWID="16754">
+<DATE>17-APR-1987 01:28:27.09</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0007&#31;reute
+f f BC-Bank-of-Japan-interve   04-17 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bank of Japan intervening to support dollar against yen, dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1290" NEWID="16755">
+<DATE>17-APR-1987 01:34:50.81</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0008&#31;reute
+b f BC-JAPAN-MARCH-MONEY-SUP   04-17 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MARCH MONEY SUPPLY RISES 9.0 PCT</TITLE>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>Japan's broadly defined money supply
+average of M-2 plus certificate of deposits (CD) rose a
+preliminary 9.0 pct in March from a year earlier, compared with
+an 8.8 pct rise in February, the Bank of Japan said.
+    The seasonally adjusted March average of M-2 plus CDs rose
+0.8 pct from February when it rose an identical 0.8 pct from a
+month earlier, it said.
+    Unadjusted M-2 plus CDs stood at an average 343,600 billion
+yen in March compared with 336,015 billion in February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1291" NEWID="16756">
+<DATE>17-APR-1987 01:38:47.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>usa</D><D>japan</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>simex</D><D>liffe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0009&#31;reute
+u f BC-ASIA-GENERALLY-WELCOM   04-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIA GENERALLY WELCOMES U.S. NIGHT FUTURES TRADING</TITLE>
+<AUTHOR>    By John Parker, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, April 17 - </DATELINE><BODY>Traders in financial centres in Asia
+generally welcomed the first U.S. Night session of futures
+trading which starts in Chicago on April 30.
+    Traders in Japan, Sydney and Hong Kong said they expected
+the move to bring benefits, but traders and bankers in
+Singapore said it posed a serious threat to the Singapore
+International Monetary Exchange (SIMEX).
+    The Commodity Futures Trading Commission (CFTC) in
+Washington gave unanimous approval to the Chicago Board of
+Trade's (CBT) proposals on Tuesday.
+    The CBT plans to offer futures on U.S. Treasury notes and
+bonds, and options on those futures, from 1800 to 2100 hrs
+Chicago time (2300 to 0200 gmt) on Mondays to Thursdays.
+    The sessions would mark the start of the trading day, which
+would end at the present close of business the next day.
+    The proposed hours are designed to coincide with the
+busiest morning trading hours in Japan.
+    But Andrea Corcoran, chief of CFTC's division of trading
+and markets, said on Tuesday she expected the evening sessions
+to attract primarily U.S. Firms looking for additional
+overnight protection.
+    Traders in Tokyo said the night sessions were expected to
+help expand U.S. Treasury bond trading volume and enlarge daily
+fluctuation ranges in Tokyo.
+    They said Japanese financial institutions were very
+interested in using overseas futures markets, but were waiting
+for finance ministry approval to do so. Approval is expected
+before the end of the month.
+    The foreign branches of financial institutions can already
+trade futures, but in practice make little use of them.
+    But, traders said the timing of the launch was poor, as it
+is in a ten day period when Tokyo has three public holidays.
+    The Tokyo traders said because of the holidays little
+interest in night trading could be expected until after May 5.
+    Tokyo bond managers said also that participation could be
+limited by a lack of experienced futures traders in Tokyo.
+    The Sydney Futures Exchange (SFE) hoped the four-hour
+trading overlap with the new CBT hours would boost activity in
+Sydney's eurodollar and U.S. Treasury bond contracts, spokesman
+Stephen Calder said.
+    The eurodollar contracts are linked to the London
+International Financial Futures Exchange (LIFFE).
+    Calder said turnover in both contracts had been
+disappointingly low since they were introduced last October.
+    He said the CBT move would broaden arbitraging
+opportunities for SFE traders.
+    "With a late evening lead from Chicago, there's also more
+chance that people will deal here in the afternoon," he said.
+    But in Singapore news of the CBT move was not welcomed.
+    A senior executive of a Japanese securities firm operating
+in Singapore told Reuters: "Expanding global links between
+futures markets mean that SIMEX must add Chicago and London and
+Sydney to its list of rivals."
+    "LIFFE could cut further into the SIMEX contract, with a U.S
+treasury bond contract that can be off-set on the CBOT," the
+Singapore-based Japanese trader said.
+    Such a contract is expected later this year, he said.
+    Other SIMEX traders said local interest in the Sydney
+treasury bond contract might be boosted if the Sydney exchange
+established a three-way link with Chicago and London. LIFFE has
+signed a memorandum of understanding with CBOT for such a link.
+    "If this link-up materializes, most traders are likely to
+by-pass SIMEX," said one trader.
+    Hong Kong commodity traders welcomed the CFTC's decision,
+though they added that local investors would have been more
+interested in financial futures.
+    "I think it is very good, because the move will help us to
+increase our market share here," said Joseph Tan, manager of
+&lt;Bache Securities (HK) Ltd>.
+    He said that Bache, like many other local units of U.S.
+Commodity houses, had been participating in Chicago's rregular
+hours of trading for a long time and would like to extend its
+business.
+    Local Hong Kong houses also welcomed the move, but a
+spokesman for Shun Loong Co said investors would be more
+interested if stock index or currency futures were available.
+    Futures contracts in the local Hang Seng index have become
+increasingly popular since they were introduced to the market
+in May 1986.
+ (See ECRA for Spotlight Index)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1292" NEWID="16757">
+<DATE>17-APR-1987 02:13:32.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0020&#31;reute
+f f BC-Tokyo-stock-index-ris   04-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo stock index rises 69.92 to record closing 23,938.35 - brokers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1293" NEWID="16758">
+<DATE>17-APR-1987 02:38:42.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0030&#31;reute
+u f BC-CHINA-UNIT-TO-ISSUE-B   04-17 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA UNIT TO ISSUE BONDS IN HONG KONG</TITLE>
+<DATELINE>    PEKING, April 17 - </DATELINE><BODY>Guangdong International Trust and
+Investment Corp is preparing to issue 300 mln HK dlrs in bonds
+in Hong Kong, the China Daily Business Weekly said.
+    It said the issue will be the first such bond issue in Hong
+Kong by a local organisation but gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1294" NEWID="16759">
+<DATE>17-APR-1987 02:51:39.80</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0034&#31;reute
+u f BC-SOUTH-KOREA-TO-CHANGE   04-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA TO CHANGE POLICIES TO AVERT TRADE WAR</TITLE>
+<AUTHOR>    By Moon Ihlwan, Reuters</AUTHOR>
+<DATELINE>    SEOUL, April 17 - </DATELINE><BODY>South Korea has decided on major changes
+in its trade, investment and finance policies aimed at reducing
+the growth of its balance of payments surplus and avoiding a
+trade war with the United States, Deputy Prime Minister Kim
+Mahn-je said.
+    Kim told reporters the excessively fast rise in exports
+could make South Korea too reliant on exports, increase
+&#127;nflation and produce trade friction. The policy shift, which
+means abandoning Seoul's goal of rapidly reducing its foreign
+debt, was worked out at a series of ministerial meetings.
+    Kim, who is also Economic Planning Minister, said the
+current account surplus, previously expected to exceed eight
+billion dlrs this year, would be held at about five billion
+dlrs by increasing imports, accelerating market liberalisation
+and rationalising exports.
+    He said Seoul would try to limit its current account
+surplus to around five billion dlrs a year for the next few
+years, although trade volume would continue to grow.
+    "This will gradually reduce the ratio of the surplus to GNP
+(gross national product) from the current five pct level to
+three pct by 1991," he added.
+    Koo Bon-yong, an aide to Kim, said South Korea's foreign
+debt had been expected to fall below 40 billion dlrs by the end
+of 1987, against the initial forecast of 41.8 billion, and 44.5
+billion dlrs at end-1986.
+    "But now (with the policy changes) the debt is expected to
+remain above 40 billion dlrs, although it could still be lower
+than the originally projected 41.8 billion dlrs," he said.
+    The policy change was announced two days before the
+scheduled arrival of U.S. Commerce Secretary Malcolm Baldrige
+for talks with Trade Minister Rha Woong-bae.
+    South Korea is under U.S. Pressure to reduce its bilateral
+trade surplus, which rose to 7.4 billion dlrs last year from
+4.3 billion dlrs in 1985.
+    Kim said the policy changes were also prompted by the swing
+in South Korea's current account to a surplus of 2.06 billion
+dlrs in the first quarter of 1987 from a deficit of 438 mln
+dlrs in the same 1986 period. First quarter 1987 exports rose
+36 pct to 9.4 billion dlrs.
+    The government would make foreign currency loans worth 2.5
+billion dlrs to firms willing to import capital goods, raw
+materials and equipment, preferably from the U.S., He said.
+    "The foreign currency-based loans, which carry interest at
+1.5 points above LIBOR (London Interbank Offered Rate), are
+considerable incentives given to increase imports," Koo said.
+    Koo said the loans would be repayable in foreign currency.
+"It means they could become interest-free loans if the Korean
+currency continues to rise in value," he said.
+    He said the South Korean won would be revalued against the
+dollar gradually, but added "We do not believe in rapid one-shot
+changes in the value of the won."
+    The won, fixed at 839.70 to the dollar today, has risen six
+pct against the dollar since the beginning of 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1295" NEWID="16760">
+<DATE>17-APR-1987 03:16:33.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0046&#31;reute
+u f BC-JAPANESE-VEHICLE-EXPO   04-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE VEHICLE EXPORTS, OUTPUT FALL IN 1986/87</TITLE>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>Japan's vehicle exports fell 3.8 pct to
+6.59 mln in the year ended March 31, 1987, while vehicle output
+fell 1.2 pct to 12.27 mln, industry sources said.
+    Toyota Motor Corp &lt;TOYO.T> said its exports fell 5.5 pct to
+1.87 mln in 1986/87, and comprised 1.20 mln cars, down 0.8 pct
+from a year earlier, 649,587 trucks, down 11.7 pct, and 14,797
+buses, down 48.2 pct.
+    Nissan Motor Co Ltd &lt;NSAN.T> said its 1986/87 exports fell
+8.1 pct to 1.29 mln. They comprised 1.03 mln cars, down 0.3 pct
+from a year earlier, 258,278 trucks, down 29.5 pct, and 4,857
+buses, down 37.1 pct.
+    Toyota's exports to the U.S. Rose 4.2 pct from a year
+earlier to 1.01 mln and those to Europe rose 17.7 pct to
+428,977. Of the European total, shipments to West Germany rose
+46.9 pct to 96,589 and those to U.K. Fell 13.9 pct to 34,131.
+    Toyota's 1986/87 exports to the Middle East fell 56.8 pct
+to 71,631 and those to Southeast Asia fell 58.2 pct to 62,145.
+    Nissan exports to the U.S. Fell 5.5 pct to 659,118. Exports
+to Europe rose 17.3 pct to 413,462, of which those to West
+Germany rose 43.3 pct to 97,284 but those to the U.K. Fell 8.9
+pct to 100,831. Exports to the Middle East fell 59.6 pct to
+40,679,those to Southeast Asia fell 55.8 pct to 33,398.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1296" NEWID="16761">
+<DATE>17-APR-1987 03:21:09.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>china</D><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0048&#31;reute
+u f BC-BANK-OF-CHINA-BUYS-SH   04-17 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF CHINA BUYS SHARE IN LUXEMBOURG COMPANY</TITLE>
+<DATELINE>    PEKING, April 17 - </DATELINE><BODY>State-owned Bank of China has bought a
+three to five pct share of BAII Holding SA, a financial
+institution registered in Luxembourg, the China Daily Business
+Weekly said.
+    It said the institution is 50 pct owned by Arab interests
+and has set up a wholly owned commercial banking branch in Hong
+Kong but gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1297" NEWID="16762">
+<DATE>17-APR-1987 03:27:42.19</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>japan</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0050&#31;reute
+u f BC-SAUDI-ARABIA-WANTS-TO   04-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA WANTS TO INCREASE OIL SALES TO JAPAN</TITLE>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>Saudi Arabia hopes to increase the volume
+of its oil exports to Japan through expanding bilateral trade,
+Saudi Arabian Interior Minister Naif bin Abdul-Aziz said.
+    He told a Tokyo reception his country hopes to raise crude
+and products exports to Japan to earlier levels, but did not
+elaborate. To promote trade, Saudi Arabia is inviting Japanese
+industries to do business there, he said.
+    Japanese firms now have long-term contracts to import a
+total of 150,000 barrels per day of Saudi crude.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1298" NEWID="16763">
+<DATE>17-APR-1987 03:28:06.57</DATE>
+<TOPICS><D>grain</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0051&#31;reute
+u f BC-U.S.-URGES-JAPAN-TO-O   04-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. URGES JAPAN TO OPEN FARM MARKET FURTHER</TITLE>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>U.S. Agriculture Secretary Richard Lyng
+has asked Japan to open its farm market further to help
+Washington cut its trade deficit and ease protectionist
+pressures, an Agriculture Ministry official told reporters.
+    Hideo Maki, Director General of the ministry's Economic
+Affairs Bureau, quoted Lyng as telling Agriculture Minister
+Mutsuki Kato that the removal of import restrictions would help
+Japan as well as the United States.
+    The meeting with Kato opened a 12-day visit to Japan by
+Lyng, who is here to dicuss farm trade.
+    However, Maki quoted Kato as replying that Japan was
+already the world's largest grain importer.
+    Kato added Japan is the largest customer for U.S. Grain and
+depended on domestic output for only 53 pct of its food
+requirements in 1985.
+    Lyng said the U.S. Put high priority on talks on 12 farm
+products named in U.S. Complaints against Japan to the General
+Agreement on Tariffs and Trade (GATT) last year, as well as on
+beef, citrus products and rice.
+    Kato said Japan will maintain its current level of
+self-sufficiency and will try not to produce surplus rice
+because potential production is higher than domestic demand.
+    The world farm market suffers from surpluses because of
+rising production by exporting countries, he added.
+    Lyng said the U.S. Has been trying to reduce farm product
+output with expensive programs, Maki said.
+    Maki said the U.S. And Japan will hold detailed discussions
+on each trade item as well as a new round of GATT trade talks
+at a meeting on April 20, in which U.S. Trade Representative
+Clayton Yeutter will join.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1299" NEWID="16764">
+<DATE>17-APR-1987 03:30:09.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0055&#31;reute
+u f BC-S.KOREA-TO-INVESTIGAT   04-17 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S.KOREA TO INVESTIGATE LARGE-SCALE STOCK INVESTORS</TITLE>
+<DATELINE>    SEOUL, April 17 - </DATELINE><BODY>South Korea's Securities Supervisory
+Board has ordered securities houses to report by tomorrow the
+list of their clients holding shares worth 100 mln won or more,
+Board officials said.
+    They said the order was aimed at preventing large investors
+from manipulating the Seoul exchange to make illegal margin
+profits. "It was believed that such shareholders were
+responsible for overheating the market earlier this year," one
+official told Reuters. No further details were given.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1300" NEWID="16765">
+<DATE>17-APR-1987 03:47:16.25</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0065&#31;reute
+u f BC-60,000-TONNES-CORN-SM   04-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>60,000 TONNES CORN SMUGGLED INTO PHILIPPINES-PAPER</TITLE>
+<DATELINE>    MANILA, April 17 - </DATELINE><BODY>At least 60,000 tonnes of corn worth 240
+mln pesos have been smuggled into the Philippines over the past
+few months, the Manila Bulletin newspaper said, quoting an
+official in the National Food Authority (NFA).
+    The official, who was not named, said a large corn shortage
+and corruption among customs and Coast Guard personnel have
+jeopardised the government's ban on corn imports, which was
+aimed at saving foreign currency.
+    The newspaper quoted NFA Marketing Director Jig Tan as
+saying monthly corn consumption stood at about 331,000 tonnes
+against a national stock inventory of 191,732 tonnes.
+    Tan said a continuing drought affecting about 49,150
+hectares of corn has led to the loss of 43,725 tonnes of corn
+worth 174.9 mln pesos and contributed to the shortage.
+    The newspaper quoted Linda Geraldez, an NFA statistician,
+as saying despite the drought and the shortage, the total
+inventory at the end of the January/June crop season is
+expected to be at least 201,000 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1301" NEWID="16766">
+<DATE>17-APR-1987 04:00:45.26</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0067&#31;reute
+b f BC-PAPER-SAYS-U.S.-TRADE   04-17 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPER SAYS U.S. TRADE DEFICIT CUT TO 13.65 BILLION</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>The Washington Post said the U.S.
+Commerce Department yesterday issued a new report showing that
+the U.S. Merchandise trade deficit was 13.65 billion dollars in
+February, a reduction of 1.4 billion dlrs from the 15.06
+billion figure the department reported only two days earlier.
+    The newspaper said: "News of the unexpectedly large 15
+billion deficit helped batter the dollar's value on foreign
+exchange markets and boosted U.S. Interest rates.
+    "However, the new report went largely unnoticed by financial
+markets since such a downward revision in the deficit is a
+monthly occurrence."
+    The Washington Post said: "By law, the department must first
+publish what a top commerce official agreed are misleading
+trade figures and then wait 48 hours before putting out the
+more accurate ones."
+    No one was immediately available at the Commerce Department
+for comment on the Washington Post report.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1302" NEWID="16767">
+<DATE>17-APR-1987 05:04:16.11</DATE>
+<TOPICS><D>lei</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0079&#31;reute
+u f BC-SOUTH-KOREA'S-LEADING   04-17 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA'S LEADING INDICATORS RISE IN FEBRUARY</TITLE>
+<DATELINE>    SEOUL, April 17 - </DATELINE><BODY>South Korea's index of leading indicators
+rose 1.9 pct to 172.9 (base 1980) in February after a 0.8 pct
+rise in January, to stand 17.2 pct higher than in Feburary
+1986, provisional Economic Planning Board figures show.
+    The index is based on 10 indicators which include export
+values, letters of credit received, warehouse stocks, M-1 and
+M-3 money supply figures and the composite stock exchange
+index.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1303" NEWID="16768">
+<DATE>17-APR-1987 05:08:50.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0081&#31;reute
+u f BC-DAI-NIPPON-TO-ISSUE-T   04-17 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAI NIPPON TO ISSUE THREE DOMESTIC CONVERTIBLES</TITLE>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>Dai Nippon Printing Co Ltd &lt;DPRI.T> said
+it will issue three convertible yen bonds on domestic markets.
+     It will issue a 25 billion yen 15-year bond through public
+placement with Yamaichi Securities Co Ltd as lead manager. It
+will also issue a 15 billion yen 10-year bond and a 10 billion
+yen six-year bond through public placement, both with Nomura
+Securities Co Ltd as lead manager.
+    Coupon and conversion price for the par-priced bonds will
+be set at Dai Nippon's next board meeting. Payment will be due
+on June 1. The 15-year bond will mature on May 31 2002, the
+10-year on May 30 1997, and the six-year on May 31 1993.
+    Dai Nippon's share price rose 20 to 1,800 yen on the Tokyo
+Stock Exchange today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1304" NEWID="16769">
+<DATE>17-APR-1987 05:11:37.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0083&#31;reute
+b f BC-JAPAN-LIKELY-TO-ALLOW   04-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN LIKELY TO ALLOW USE OF OVERSEAS FUTURES</TITLE>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>The Finance Ministry is likely to allow
+Japanese financial institutions here to use overseas financial
+futures market from next month, bond market sources said.
+    A senior ministry official declined to give an exact
+timing, but said he expects removal of the ban on trading in
+overseas financial futures as soon as possible.
+    The domestic call for participation in overseas markets to
+hedge foreign securities holding risks was reinforced by the
+launch of a night trading session by the Chicago Board of Trade
+from April 30. The session covers morning trading hours in
+Tokyo.
+    Resident financial institutions are currently not allowed
+to participate in foreign financial futures markets, although
+their overseas branches may.
+    The newly eligible institutions are expected to be
+securities houses, banks, life insurance companies and
+investment trusts, the market sources said. But the ministry is
+likely to prohibit broking business by those institutions and
+by individuals, the sources said.
+    In addition corporate investors are expected to be barred
+initially because of their relative lack of experience.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1305" NEWID="16770">
+<DATE>17-APR-1987 05:12:36.97</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0085&#31;reute
+u f BC-JAPAN'S-LDP-TO-CALL-F   04-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S LDP TO CALL FOR FLEXIBLE MONETARY POLICIES</TITLE>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>Japan's ruling Liberal Democratic Party
+(LDP) will call for adequate and flexible management of the
+nation's monetary polices in its plan to expand domestic
+demand, a senior LDP official told Reuters.
+    Junichiro Koizumi, the head of the LDP committee working
+out the plan, said the phrase should not be taken as implying
+an immediate cut in Japan's 2.5 pct discount rate.
+    "The LDP generally believes that there is no need for a
+further discount rate cut at the moment," he said. But Koizumi
+said the LDP does not rule out a rate cut if necessary in the
+future.
+    Bank of Japan Governor Satoshi Sumita told a press
+conference on Wednesday that the central bank does not have any
+intention of easing credit conditions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1306" NEWID="16771">
+<DATE>17-APR-1987 05:14:06.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0088&#31;reute
+u f BC-FRENCH-CORPORATE-BANK   04-17 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH CORPORATE BANKRUPTCIES RISE IN MARCH</TITLE>
+<DATELINE>    PARIS, April 17 - </DATELINE><BODY>French corporate bankruptcies rose to a
+seasonally-adjusted 2,857 last month from 2,631 in February and
+2,572 in March 1986, the National Statistics Institute (INSEE)
+said.
+    The rise has been progressive since the end of last year,
+with bankruptcies totalling 2,367 in January and 2,195 in
+December 1986.
+    The cumulative total for the first quarter of this year was
+7,855 bankruptcies, four pct up on 7,560 in the first quarter
+of 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1307" NEWID="16772">
+<DATE>17-APR-1987 05:14:51.56</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0089&#31;reute
+u f BC-INDIA'S-ANNUAL-INFLAT   04-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA'S ANNUAL INFLATION RATE DROPS MARGINALLY</TITLE>
+<DATELINE>    NEW DELHI, April 17 - </DATELINE><BODY>The Finance Ministry said India's
+wholesale-price linked inflation rate dropped marginally to 5.3
+pct in all fiscal 1986/87 ended March from 5.8 pct in 1985/86
+and 7.1 pct in 1984/85.
+    The average wholesale-price related inflation stood at 5.2
+pct in March this year against 5.1 pct a year ago, the Ministry
+said in a statement.
+    It said wholesale prices of cement, textiles and jute fell
+in 1986/87, compared with the previous year, but milk, cereals
+(mainly wheat and rice), fruits and vegetables, edible oils,
+tobacco and fertilisers were costlier in 1986/87.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1308" NEWID="16773">
+<DATE>17-APR-1987 05:16:41.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>fernandez</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0091&#31;reute
+u f BC-WORLD-LENDING-PATTERN   04-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD LENDING PATTERN CHANGING - MANILA BANK CHIEF</TITLE>
+<DATELINE>     MANILA, April 17 - </DATELINE><BODY>International banks have radically
+changed their attitudes towards debt and lending and debtor
+nations will have to explore new methods of ensuring inflows,
+Philippine Central Bank Governor Jose Fernandez said.
+    "Commercial banks have tended to be rather difficult in
+terms of new money for some time now," he told reporters at a
+news conference. "Within the world there are enormous changes
+taking place in attitudes of different banks."
+    He said the banks were no longer flush with funds from the
+post-1973 oil boom and were reluctant to lend money.
+    "They don't have the same kind of money they used to have
+... They find their whole deposit base eroding," Fernandez said.
+Groups of major banks had decided that the international arena
+was not to their liking.
+    "They wind up with 7/8 (over Eurodollar rates) and who wants
+7/8 really? It's nothing. They want to get the frills, but if
+they are not big enough they don't get the frills."
+    The Philippines on Wednesday announced it wanted to
+renegotiate a debt restructuring accord it reached on March 27
+with its 12-bank advisory committee, saying it wanted the same
+terms as were granted to Argentina earlier this week.
+    Argentina was granted a 19-year repayment at 13/16 points
+over Eurodollar rates, the same historically low spread that
+Mexico won last October, while the Philippines, which had
+insisted on a deal similar to Mexico's, restructured 10.3
+billion dlrs of its 28.2 billion dlr foreign debt at 7/8.
+    Fernandez said the old type of new-money agreement, where
+hundreds of banks were forced into involuntary lending by an
+advisory committee that negotiated agreements with debtor
+countries, was becoming increasingly difficult.
+    He said involuntary lending proved useful in the two or
+three years since the Mexican debt crisis in 1982.
+    "But the present tendency has been that more and more of the
+banks, specially the regionals or the small ones, have either
+sold off their portfolios or simply by policy will not put up
+any more money," Fernandez said.
+    He said another disturbing development was the so-called
+national quota approach adopted by groups of banks.
+    "Groups of banks by nationality have chosen to take a look
+at what other groups of banks in other countries are willing to
+do and if let us say British banks wind up giving 99 pct of
+what is needed and U.S. Banks give only 92 pct, then the
+British banks say as a whole they will pull out," he said.
+    "There are banks that have decided that lending is not a
+good business any more. They want to deal in securities, they
+want to go into investment banking, they want to go into the
+turnover business rather than the carry business," Fernandez
+said. "We have to thread our way through a constellation of
+banks, all of whom have different objectives."
+    He said in order to survive, the Philippines would have to
+try and stimulate new types of inflows, "whether this be direct
+investments, whether this be investments by institutions that
+now have chosen not to lend but to invest, or whether this be
+debt to equity conversions."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1309" NEWID="16774">
+<DATE>17-APR-1987 05:18:18.53</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0092&#31;reute
+u f BC-JAPAN-DETAILS-PLAN-TO   04-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DETAILS PLAN TO STAVE OFF TRADE PROBLEMS</TITLE>
+<DATELINE>     TOKYO, April 17 - </DATELINE><BODY>Japan's Liberal Democratic Party (LDP)
+has drawn up a detailed plan calling for large tax cuts and an
+increase in government purchases of foreign goods, the head of
+the committee working out the plan, Junichiro Koizumi, said.
+    The plan will also urge the government to double 1985's
+official development assistance to 7.6 billion dlrs within five
+years instead of seven as the government had promised, senior
+LDP officials said at a press conference.
+    LDP executive council chairman Shintaro Abe will explain
+the plan to U.S. Officials when he visits the U.S. On April 19.
+    Abe's visit is to prepare for Prime Minister Yasuhiro
+Nakasone's talks with President Ronald Reagan later this month.
+    Koizumi said the LDP plan will not specify the size of the
+tax cut or the amount of domestic demand to be stimulated.
+However, top LDP executives will work out figures so that Abe
+will be able to offer specifics to U.S. Officials.
+    The proposed increase in procurement of foreign goods by
+the government will probably include the purchase of super
+computers, LDP officials said.
+
+specific trade problems with other nations and will encourage
+flows of funds to developing countries, the officials said.
+    The LDP expects the measures to prop up the economy and
+lessen trade problems with the U.S., They added.
+    The basic ideas of the LDP's plan were presented to and
+welcomed by monetary authorities of the major industrial
+nations in Washington last week, they said.
+    The LDP plan will form the basis for the last of several
+packages to stimulate Japanese domestic demand and will be
+unveiled by the government in late May.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1310" NEWID="16775">
+<DATE>17-APR-1987 05:27:17.87</DATE>
+<TOPICS><D>trade</D><D>reserves</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0100&#31;reute
+u f BC-CHINA-TRADE-DEFICIT-F   04-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TRADE DEFICIT FALLS SHARPLY, RESERVES RISE</TITLE>
+<DATELINE>    PEKING, April 17 - </DATELINE><BODY>China's trade deficit in the first
+quarter fell to 1.05 billion dlrs from 3.04 billion in the same
+1986 period, customs figures show.
+    Zhang Zhongji, spokesman of the State Statistical Bureau,
+quoted the figures as showing exports rose 27 pct to 7.28
+billion dlrs and imports fell 5.1 pct to 8.33 billion.
+    He said if imports of gifts, foreign aid items and
+materials for joint ventures are excluded, the deficit was only
+350 mln dlrs, and the surplus on invisibles was 700 mln. As a
+result, foreign exchange reserves increased somewhat from their
+level at end-1986, he said, but gave no figure.
+    Official figures show the reserves at 10.514 billion dlrs
+at end-1986, down from 11.9 billion at end-1985.
+    Zhang said one reason for the rise in exports was improved
+incentives to export firms, which are being allowed to retain
+more foreign exchange from the goods they sell.
+    He said first quarter exports to Hong Kong and Macao rose
+35.5 pct to 2.48 billion dlrs and imports rose 55.3 pct to 1.46
+billion. Exports to Japan fell 2.3 pct to 1.28 billion and
+imports 24.4 pct to 2.14 billion.
+    Exports to the U.S. Rose 23 pct to 640 mln dlrs and imports
+fell 26.7 pct to 840 mln. Exports to the EEC rose 35.1 pct to
+770 mln dlrs and imports fell 3.8 pct to 1.5 billion, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1311" NEWID="16776">
+<DATE>17-APR-1987 05:27:56.73</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>thailand</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0102&#31;reute
+u f BC-THAI-VENTURE-WILL-SEL   04-17 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI VENTURE WILL SELL RUBBER TO CHINA</TITLE>
+<DATELINE>    BANGKOK, April 17 - </DATELINE><BODY>Teck Soon Co Ltd, a major Thai rubber
+exporter has formed a joint venture with state-owned Chinese
+International Economic and Technology Development Corp to
+produce 50,000 tonnes of sheet rubber annually for export to
+the Chinese auto industry, Teck Soon general manager Chit
+Surivitchpan said.
+    Chit said a new joint venture company will have a
+registered capital of four mln dlrs.
+    China imported 69,952 tonnes of Thai sheet rubber last year
+and 60,296 tonnes in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1312" NEWID="16777">
+<DATE>17-APR-1987 05:44:25.04</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0106&#31;reute
+u f BC-JAPAN-FARM-REFORM-A-K   04-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FARM REFORM A KEY TO TRIMMING TRADE SURPLUS</TITLE>
+<AUTHOR>    By Linda Sieg, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>Basic reform of Japan's protected farm
+sector is a key to shifting its economy away from export to
+domestic-led growth, a vital step if it is to trim its trade
+surplus, securities analysts said.
+    The farm sector, which is protected by import tariffs and
+quotas, propped up by subsidies and price supports, and
+sheltered by the tax system, has ample room for change, they
+said.
+    "In economic terms, reform would be a plus," said Christopher
+Chew of brokerage firm James Capel and Co.
+    The ultimate cost of the existing system is food prices
+twice those in Europe and two to three times those in the U.S.,
+The analysts said.
+    Spending on food accounts for about one quarter of the
+average household's budget and roughly 10 pct of the gross
+national product (GNP), according to a study by Chew.
+    Reducing these prices could increase household spending
+power by five pct, his study said. The money could be spent on
+products which would have a more direct impact in boosting
+domestic growth, it added.
+    "There's a lot of slack," a U.S. Government official in Tokyo
+said. "All that money could be spent on something else."
+    Direct central government subsidies to the farm sector
+amount to some five billion dlrs per year. Independent
+estimates put total subsidies from all sources as high as 37
+billion and the analysts said much of that money is wasted.
+    Changing tax laws to encourage city residents who only farm
+on weekends to put their land up for sale for residential
+development would also give a boost to domestic spending,
+economists said.
+    "Housing construction is the key strategic variable in the
+expansion of domestic demand," wrote Chihiro Nakajima, professor
+at Kyoto Gakuen University.
+    Japanese business groups are calling for staged farm reform
+to shift some of the burden of trade friction and economic
+restructuring away from the manufacturing sector and onto the
+farm sector. Employers groups also want change. "If you really
+want to expand domestic demand, the way to do it is not to
+raise wages recklessly, but to reduce commodity prices," Bumpei
+Otsuki, President of the Japan Federation of Employers'
+Associations told a recent press conference.
+    External pressures are rising as the U.S. And Europe seek
+removal of tariffs and quotas to help reduce their trade
+deficits with Japan.
+    But vested Japanese interests opposed to change remain well
+entrenched, dimming prospects for quick reform, analysts said.
+    Although the full-time farm population is falling and there
+are signs the LDP is paying more attention to urban
+constituencies, the ruling party remains heavily dependent on
+farm votes in the rural areas. One rural vote is worth several
+city votes due to the pattern of constituency borders.
+    The LDP is already in political trouble over its tax reform
+plan and does not want to raise another sticky issue so soon,
+the analysts said.
+    Consumer groups are politically weak and tend to accept the
+traditional view that higher prices are a small fee to pay for
+national food security, they said.
+    Powerful agricultural cooperatives are fiercely opposed to
+import liberalisation, but are more flexible about reforms
+aimed at stepping up productivity, they said.
+    Reform, when it comes, will be in response to specific
+pressure rather than an all-embracing program, said Chew.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1313" NEWID="16778">
+<DATE>17-APR-1987 05:49:10.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0108&#31;reute
+u f BC-SRI-LANKA-AND-IMF-AGR   04-17 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKA AND IMF AGREE ON ECONOMIC REFORMS</TITLE>
+<AUTHOR>    By Marilyn Odchimar, Reuters</AUTHOR>
+<DATELINE>    COLOMBO, April 17 - </DATELINE><BODY>Sri Lanka and the International
+Monetary Fund (IMF) have reached agreement on the broad outline
+of economic reforms, but tough negotiations are likely before
+the IMF approves up to 240 mln dlrs in loans, a senior finance
+ministry official told Reuters.
+    He said the government and IMF this week agreed on a
+package to reduce the balance of payments deficit, improve
+management of public enterprises, reform tariffs, develop
+non-traditional exports and privatise public firms.
+    An IMF-World Bank team will visit Colombo next month to
+start negotiations on details of a three-year economic reform
+programme. "There is a broad agreement on the content of the
+policy package for a structural reform," the official said. "But
+in areas where the reform would take place, there would be
+tough neotiations on how much you do and in what order should
+it take place," he added.
+    Sri Lanka is seeking a total of about 240 mln dlrs in
+structural adjustment loans to support the balance of payments
+and in a compensatory financing facility to offset losses in
+commodity exports.
+    Sri Lanka needs the IMF and World Bank approval of the two
+facilities to clear the way for negotiations on requests for
+aid and loans from donor countries.
+    These include an expected pledge of 550 mln dlrs from from
+12 industrialised countries and about 240 mln dlrs in loans
+from the World Bank and the Asian Development Bank.
+    Finance Minister Ronnie De Mel said in an interview
+published today by the Daily News that there was likelihood of
+Sri Lanka obtaining all of that aid despite intense lobbying by
+pro-Tamil and human rights groups abroad.
+    He said that although friendly countries were still
+prepared to assist Sri Lanka with concessional aid, Colombo
+would have to surmount many problems in detailed negotiations
+due in May, June and August before these loans are finalised.
+    "In these matters, there's many a slip between the cup and
+the lip as other governments have learned to their cost," De Mel
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1314" NEWID="16779">
+<DATE>17-APR-1987 05:54:45.85</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0115&#31;reute
+u f BC-JAPAN-SEES-HIGHER-MON   04-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SEES HIGHER MONEY SUPPLY GROWTH THIS QUARTER</TITLE>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>The Bank of Japan said it forecast
+Japan's broadly-defined M-2 money supply average plus
+certificates of deposit (CDs) will rise by about nine pct in
+the current April-June quarter against 8.5 pct a year earlier.
+    Unadjusted M-2 plus CDs rose a preliminary 8.8 pct in
+January/March 1987 compared with a nine pct rise a year
+earlier, it said.
+    The bank said the forecast rise is due to an increase in
+floating deposits due to recent low interest rates and a shift
+to private banks from the Bank of Japan of 400-1,000 billion
+yen by the recently privatised Japanese Railways.
+ REUTER 
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1315" NEWID="16780">
+<DATE>17-APR-1987 05:58:05.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0118&#31;reute
+b f BC-ABE-SAYS-5,000-BILLIO   04-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABE SAYS 5,000 BILLION YEN PACKAGE TO SATISFY U.S.</TITLE>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>Japan's plan to stimulate its economy
+will inject about 5,000 billion yen into the economy and should
+be appreciated by the U.S., Ruling Liberal Democratic Party
+(LDP) executive council chairman Shintaro Abe told reporters.
+    "I expect considerable U.S. Appreciation of measures I have
+personally prepared with cooperation of the government and the
+LDP to help solve some individual issues pending with the
+United States," he said.
+    Abe, former Foreign Minister, starts a week long visit to
+Washington on Sunday.
+    Abe said he will meet President Reagan, Vice President
+George Bush, Secretary of State George Shultz, Defence
+Secretary Caspar Weinberger, Treasury Secretary James Baker,
+White House Chief of Staff Howard Baker and as many Congressmen
+as possible.
+    Washington is likely to announce today a series of tariff
+sanctions against Japanese electrical products after it accused
+Tokyo of failing to meet terms of a 1986 bilateral pact on
+computer chip trade.
+    "I will ask U.S. Leaders to rescind any sanctions," said Abe.
+    Japanese officials have said Tokyo would appeal to the
+General Agreement on Tariffs and Trade (GATT) for possible
+compensation or the right to retaliate should U.S. Sanctions
+materialise.
+    But Abe said, "We should not repeat retaliatory measures.
+What I would like to say to the United States is retaliation or
+protectionism alone cannot solve our trade disputes."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1316" NEWID="16781">
+<DATE>17-APR-1987 06:02:54.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0119&#31;reute
+u f BC-VAN-OMMEREN-PLANS-75   04-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VAN OMMEREN PLANS 75 MLN GUILDER BOND ISSUE</TITLE>
+<DATELINE>    AMSTERDAM, April 17 - </DATELINE><BODY>The Dutch transport, trading and
+storage firm PHS Van Ommeren NV &lt;OMMN.AS> said it plans a 75
+mln guilder bond issue with warrants attached.
+    The bond will have a maturity of 10 years with repayment in
+the second five year period in equal yearly instalments.
+    Each bond of 1,000 guilders nominal has five "A" warrants and
+20 "B" warrants attached. Each warrant entitles the holder to
+acquire one non-cancellable share certificate. The exercise
+period of the "A" warrants will be three years and of the "B"
+warrants five years.
+     Coupon and price of the bond issue as well as the exercise
+price of the warrants will be announced April 27 after the
+close of the Amsterdam Stock Exchange.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1317" NEWID="16782">
+<DATE>17-APR-1987 06:09:20.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0123&#31;reute
+u f BC-EC-PREPARES-MOVES-TO   04-17 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC PREPARES MOVES TO STOP JAPAN DEFLECTING EXPORTS</TITLE>
+<DATELINE>    BRUSSELS, April 17 - </DATELINE><BODY>The European Community (EC) is ready
+to take measures to ensure that Japanese exports expected to be
+effectively excluded from the U.S. Market from today are not
+diverted to the EC, a spokesman said.
+    President Reagan is expected to announce later today the
+imposition of 100 pct tariffs on 300 mln dlrs worth of Japanese
+goods ranging from computers and television sets to power tools
+and photographic film.
+    The spokesman for the EC executive Commission said
+representatives of member states last Friday agreed a series of
+measures to prevent Tokyo deflecting exports to the EC.
+    The spokesman declined to detail the measures, saying they
+were technical, and the Commission would decide their precise
+content depending on the exact details of the measures
+announced by Reagan.
+    The EC fears Tokyo will step up exports to it of a range of
+products including calculating machines, measuring instruments,
+small televisions, tapes and some machine tools as a result of
+the U.S. Measures.
+    But the spokesman said there was thought to be ample time
+to put the countermeasures in place after the Easter holiday.
+    He noted the probable outline of Reagan's announcement and
+its date have been known for some time.
+    The Japanese manufacturers of goods likely to be affected
+by the announcement are thought to have been stepping up their
+exports to the United States in recent weeks in order to beat
+the April 17 deadline, he noted.
+    They were therefore unlikely to have stocks available for
+export to the EC immediately, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1318" NEWID="16783">
+<DATE>17-APR-1987 06:17:06.41</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0126&#31;reute
+u f BC-OECD-CONSUMER-PRICES   04-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD CONSUMER PRICES RISE IN FEBRUARY</TITLE>
+<DATELINE>    PARIS, April 17 - </DATELINE><BODY>Consumer prices in the countries of the
+Organisation for Economic Cooperation and Development (OECD)
+rose 0.3 pct in February and inflation rose to 2.4 pct
+year-on-year, the OECD said in a communique.
+    The OECD attributed the rise in consumer prices to the
+effects of the February 1986 drop in energy prices working
+their way out of the index. The February increase was less than
+Janauary's 0.4 pct increase but slightly above the average for
+the later months of 1986.
+    Inflation in the 24 western industrialised nations in
+January was a revised 1.9 pct year-on-year. 
+    Retail energy prices rose by 0.3 pct, less than January's
+1.1 pct increase. Energy prices for consumers were still nine
+pct lower than a year earlier, it said.
+    Consumer prices excluding food and energy rose 0.3 pct in
+February, in line with previous months, although there has been
+some acceleration noticeable in the U.S. And Britain.
+    Among the leading seven industrial countries, consumer
+price inflation was highest in Italy at 4.2 pct, followed by
+Canada at 4.0 pct, Britain at 3.9 pct, France at 3.4 pct, the
+U.S. At 2.1 pct and West Germany and Japan with negative rates
+of 0.5 pct and 1.4 pct respectively.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1319" NEWID="16784">
+<DATE>17-APR-1987 07:47:54.28</DATE>
+<TOPICS><D>trade</D><D>carcass</D><D>orange</D><D>rice</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0138&#31;reute
+u f BC-LYNG-OPENS-JAPAN-TALK   04-17 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG OPENS JAPAN TALKS ON FARM TRADE BARRIERS</TITLE>
+<AUTHOR>    By Greg McCune</AUTHOR>
+<DATELINE>    Tokyo, April 17 - </DATELINE><BODY>U.S. Agriculture Secretary Richard Lyng
+opens talks with Japanese government officials today well aware
+his demand for the opening of Japanese rice, beef and citrus
+markets is likely to be rejected.
+     But in an interview with Reuters during the flight to
+Tokyo yesterday, Lyng said the goal of his trip was to throw an
+international spotlight on Japan's agricultural import
+protection in the hope pressure would build on Tokyo to open
+its markets.
+    "(The Japanese) have said they are happy we are coming, but
+they are not going to give us anything," Lyng said.
+    U.S. Officials do not expect any Japanese concessions
+during Lyng's two-week visit here. Any farm trade concessions
+would be unveiled later this month, they said.
+    "If there is anything of consequence to offer (Prime
+Minister Yasuhiro) Nakasone would take it with him," when he
+visits Washington later in the month, one U.S. Official said.
+    Lyng plans to ask Japan to open the door to rice imports by
+partially lifting the longstanding ban on foreign purchases.
+    A private U.S. Rice trader visited Tokyo last week
+requesting Japan buy 200,000 tonnes of rice for industrial uses
+such as making sake. Japan has rejected the overture, saying
+Tokyo maintains a policy of self-sufficiency in rice.
+    Lyng will also press Japan to eliminate an import quota for
+beef by April 1988 because he believes Japanese consumers would
+like to buy much more beef than currently allowed.
+    He cited the example of a California company which
+transports live U.S. Cattle to Japan by air for slaughter to
+circumvent the beef quota. The cost of transport is higher than
+the value of the animal, he said.
+    U.S. Officials said the Japan Livestock Industry Promotion
+Corporation which regulates beef imports, was forced to borrow
+from the fiscal 1987 quota earlier this year because the 1986
+quota was exhausted and Japanese beef prices were rising. Japan
+has said it cannot open its markets to beef imports.
+    Along with beef, the U.S. Will also press Japan to
+eliminate import quotas on fresh oranges and orange juice by
+April, 1988. Some U.S. Officials believe Japan may eventually
+be willing to scrap the quota on fresh oranges because
+liberalized trade would not necessarily damage the Japanese
+mandarin orange industry.
+    The quota on juice may be harder to eliminate because
+imports might replace domestic produced juice, U.S. And
+Japanese officials have said.
+   Lyng has resurrected a past U.S. Proposal that Japan buy
+surplus U.S. Foodgrains for donation to developing countries,
+but some U.S. Officials are skeptical action will be taken.
+   Lyng will also urge Japan to put its domestic farm policies,
+including rice, on the negotiating table during GATT talks in
+Geneva. He said Japan must eliminate import quotas on certain
+minor food products or face possible U.S. Reprisals.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1320" NEWID="16785">
+<DATE>17-APR-1987 07:48:54.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>japan</D><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D><D>liffe</D><D>simex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0143&#31;reute
+h f BC-ASIA-GENERALLY-WELCOM   04-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIA GENERALLY WELCOMES U.S. NIGHT FUTURES TRADING</TITLE>
+<AUTHOR>    By John Parker, Reuters</AUTHOR>
+<DATELINE>    HONG KONG, April 17 - </DATELINE><BODY>Traders in financial centers in Asia
+generally welcomed the first U.S. Night session of futures
+trading which starts in Chicago on April 30.
+    Traders in Japan, Sydney and Hong Kong said they expected
+the move to bring benefits, but traders and bankers in
+Singapore said it posed a serious threat to the Singapore
+International Monetary Exchange (SIMEX).
+    The Commodity Futures Trading Commission (CFTC) in
+Washington gave unanimous approval to the Chicago Board of
+Trade's (CBT) proposals on Tuesday.
+    The CBT plans to offer futures on U.S. Treasury notes and
+bonds, and options on those futures, from 1800 to 2100 hrs
+Chicago time (2300 to 0200 gmt) on Mondays to Thursdays.
+    The sessions would mark the start of the trading day, which
+would end at the present close of business the next day.
+    The proposed hours are designed to coincide with the
+busiest morning trading hours in Japan.
+    But Andrea Corcoran, chief of CFTC's division of trading
+and markets, said on Tuesday she expected the evening sessions
+to attract primarily U.S. Firms looking for additional
+overnight protection.
+    Traders in Tokyo said the night sessions were expected to
+help expand U.S. Treasury bond trading volume and enlarge daily
+fluctuation ranges in Tokyo.
+    They said Japanese financial institutions were very
+interested in using overseas futures markets, but were waiting
+for finance ministry approval to do so. Approval is expected
+before the end of the month.
+    The foreign branches of financial institutions can already
+trade futures, but in practice make little use of them.
+    But, traders said the timing of the launch was poor, as it
+is in a ten day period when Tokyo has three public holidays.
+    The Tokyo traders said because of the holidays little
+interest in night trading could be expected until after May 5.
+    Tokyo bond managers said also that participation could be
+limited by a lack of experienced futures traders in Tokyo.
+    The Sydney Futures Exchange (SFE) hoped the four-hour
+trading overlap with the new CBT hours would boost activity in
+Sydney's eurodollar and U.S. Treasury bond contracts, spokesman
+Stephen Calder said.
+    The eurodollar contracts are linked to the London
+International Financial Futures Exchange (LIFFE).
+    Calder said turnover in both contracts had been
+disappointingly low since they were introduced last October.
+    He said the CBT move would broaden arbitraging
+opportunities for SFE traders.
+    "With a late evening lead from Chicago, there's also more
+chance that people will deal here in the afternoon," he said.
+    But in Singapore news of the CBT move was not welcomed.
+    A senior executive of a Japanese securities firm operating
+in Singapore told Reuters: "Expanding global links between
+futures markets mean that SIMEX must add Chicago and London and
+Sydney to its list of rivals."
+    "LIFFE could cut further into the SIMEX contract, with a U.S
+treasury bond contract that can be off-set on the CBOT," the
+Singapore-based Japanese trader said.
+    Such a contract is expected later this year, he said.
+    Other SIMEX traders said local interest in the Sydney
+treasury bond contract might be boosted if the Sydney exchange
+established a three-way link with Chicago and London. LIFFE has
+signed a memorandum of understanding with CBOT for such a link.
+    "If this link-up materializes, most traders are likely to
+by-pass SIMEX," said one trader.
+    Hong Kong commodity traders welcomed the CFTC's decision,
+though they added that local investors would have been more
+interested in financial futures.
+    "I think it is very good, because the move will help us to
+increase our market share here," said Joseph Tan, manager of
+&lt;Bache Securities (HK) Ltd>.
+    He said that Bache, like many other local units of U.S.
+Commodity houses, had been participating in Chicago's rregular
+hours of trading for a long time and would like to extend its
+business.
+    Local Hong Kong houses also welcomed the move, but a
+spokesman for Shun Loong Co said investors would be more
+interested if stock index or currency futures were available.
+    Futures contracts in the local Hang Seng index have become
+increasingly popular since they were introduced to the market
+in May 1986.
+ (See ECRA for Spotlight Index)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1321" NEWID="16786">
+<DATE>17-APR-1987 07:50:45.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mauritius</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0151&#31;reute
+r f BC-AIR-MAURITIUS-BUYS-TW   04-17 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR MAURITIUS BUYS TWO BOEING 767-200'S</TITLE>
+<DATELINE>    PORT LOUIS, April 17 - </DATELINE><BODY>Air Mauritius has leased a second
+Boeing 747 SP jumbo jet and will take delivery of two Boeing
+767-200 long-range airliners in 1988, the airline's general
+manager Tirvengadum told Reuters.
+    The second-hand Boeing 747, which was acquired on a
+renewable one-year lease, made its first scheduled flight to
+Munich earlier this month, he told Reuters.
+    Tirvengadum said the twin-engined Boeing 767-200's, costing
+a total of 130 mln dlrs, would be delivered in March and April
+next year.
+    Tirvengadum said the new aircraft would enable Air
+Mauritius to expand its services to Europe, Australia and the
+Far East and phase out its two Boeing 707's.
+    The airline will begin a weekly non-stop service to Geneva
+next June and hopes to obtain landing rights in Australia, he
+added.
+    Tirvengadum said South African Airways, which currently
+flies to Australia via Mauritius, will be forced to give up the
+route in November as a result of Australian sanctions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1322" NEWID="16787">
+<DATE>17-APR-1987 07:52:49.46</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0153&#31;reute
+u f BC-JAPAN-DETAILS-PLAN-TO   04-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DETAILS PLAN TO STAVE OFF TRADE PROBLEMS</TITLE>
+<DATELINE>     TOKYO, April 17 - </DATELINE><BODY>Japan's Liberal Democratic Party (LDP)
+has drawn up a detailed plan calling for large tax cuts and an
+increase in government purchases of foreign goods, the head of
+the committee working out the plan, Junichiro Koizumi, said.
+    The plan will also urge the government to double 1985's
+official development assistance to 7.6 billion dlrs within five
+years instead of seven as the government had promised, senior
+LDP officials said at a press conference.
+    LDP executive council chairman Shintaro Abe will explain
+the plan to U.S. Officials when he visits the U.S. On April 19.
+    Abe's visit is to prepare for Prime Minister Yasuhiro
+Nakasone's talks with President Ronald Reagan later this month.
+    Koizumi said the LDP plan will not specify the size of the
+tax cut or the amount of domestic demand to be stimulated.
+However, top LDP executives will work out figures so that Abe
+will be able to offer specifics to U.S. Officials.
+    The proposed increase in procurement of foreign goods by
+the government will probably include the purchase of super
+computers, LDP officials said.
+    According to the plan, Japan will also strive to solve
+specific trade problems with other nations and will encourage
+flows of funds to developing countries, the officials said.
+    The LDP expects the measures to prop up the economy and
+lessen trade problems with the U.S., They added.
+    The basic ideas of the LDP's plan were presented to and
+welcomed by monetary authorities of the major industrial
+nations in Washington last week, they said.
+    The LDP plan will form the basis for the last of several
+packages to stimulate Japanese domestic demand and will be
+unveiled by the government in late May.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1323" NEWID="16788">
+<DATE>17-APR-1987 07:53:36.68</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>south-korea</D><D>hong-kong</D><D>philippines</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0156&#31;reute
+u f BC-BALDRIGE-TO-LAUNCH-FA   04-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE TO LAUNCH FAR EAST TRADE DRIVE</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>U.S. Commerce Secretary Malcolm
+Baldrige leaves on Saturday on a 10-day trip to the Far East to
+help spur U.S. Trade and improve business relations with China,
+South Korea and the Philippines, U.S. Officials say.
+    Baldrige will also stop in Hong Kong to meet British
+officials and local U.S. And Hong Kong businessmen.
+    The U.S. Last year had major deficits with three of its
+Asian trading partners -- South Korea 7.1 billion dlrs, Hong
+Kong 6.4 billion and China 2.1 billion. The deficit with the
+Philippines was 800 mln dlrs.
+    Baldrige will meet South Korean President Chun Doo-hwan and
+Trade Minister Rha Woong Bae on Monday to discuss opening South
+Korean markets to more U.S. Goods.
+    Baldrige will be in Peking from April 21 to 24. He will
+meet Zheng Tuobin, minister for foreign economic relations and
+trade, attend a meeting of the U.S.-China Joint Commission on
+Commerce and Trade and address a management and training
+organisation.
+    However, U.S. Officials said a chief purpose of Baldrige's
+visit would be to discuss relaxed U.S. Rules for transferring
+modern technology to Chinese industries.
+    In Hong Kong, Baldrige will hold meetings on April 27 with
+Governor David Wilson and Trade and Industry Secretary Eric Ho,
+as well as addressing the American Chamber of Commerce.
+    U.S. Officials said Baldrige will meet Philippines
+President Corazon Aquino on April 28 to show continued U.S.
+Support for her government and to discuss steps it could take
+to improve the atmosphere for American investment.
+    He will also will meet Finance Secretary Jaime Ongpin and
+Trade and Industry Secretary Jose Concepcion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1324" NEWID="16789">
+<DATE>17-APR-1987 07:59:20.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>haiti</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f0164&#31;reute
+r f AM-HAITI   04-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>1 KILLED IN SEIZURE OF CANADIAN MISSIONARIES' LAND</TITLE>
+<DATELINE>    PORT-AU-PRINCE, April 17 - </DATELINE><BODY>Soldiers killed one man and
+seriously wounded several others as they barred a group of
+landless peasants from 120 acres of land seized from Canadian
+missionaries in northern Haiti, a source at the Cap Haitien
+church radio said.
+    The soldiers, acting yesterday on orders from the Haitian
+attorney general, had used tear gas and fired warning shots
+into the air prior to the shootings, the source said.
+    There was no official confirmation of the report.
+    Seven men who refused to leave the land were arrested after
+the shootings and would be tried, he said.
+    The source said the peasants, who are illiterate, had heard
+that Article 36 of Haiti's new constitution, ratified by
+popular referendum on March 29, allows for land seizures. In
+fact, the constitution forbids land seizures except as part of
+a court-sanctioned agrarian reform process.
+    The Canadian missionaries, the Sacred Heart Brothers, had
+bought the land from the state during the government of
+dictator Jean Claude Duvalier and had planted sugar cane on it,
+the source said.
+    "...the peasants are starving to death," the source told
+Reuters, "and they saw that the Canadians were working a large
+fertile property."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1325" NEWID="16790">
+<DATE>17-APR-1987 08:07:00.05</DATE>
+<TOPICS><D>trade</D><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0168&#31;reute
+u f BC-U.S.-URGES-JAPAN-TO-O   04-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. URGES JAPAN TO OPEN FARM MARKET FURTHER</TITLE>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>U.S. Agriculture Secretary Richard Lyng
+has asked Japan to open its farm market further to help
+Washington cut its trade deficit and ease protectionist
+pressures, an Agriculture Ministry official told reporters.
+    Hideo Maki, Director General of the ministry's Economic
+Affairs Bureau, quoted Lyng as telling Agriculture Minister
+Mutsuki Kato that the removal of import restrictions would help
+Japan as well as the United States.
+    The meeting with Kato opened a 12-day visit to Japan by
+Lyng, who is here to dicuss farm trade.
+    However, Maki quoted Kato as replying that Japan was
+already the world's largest grain importer.
+    Kato added Japan is the largest customer for U.S. Grain and
+depended on domestic output for only 53 pct of its food
+requirements in 1985.
+    Lyng said the U.S. Put high priority on talks on 12 farm
+products named in U.S. Complaints against Japan to the General
+Agreement on Tariffs and Trade (GATT) last year, as well as on
+beef, citrus products and rice.
+    Kato said Japan will maintain its current level of
+self-sufficiency and will try not to produce surplus rice
+because potential production is higher than domestic demand.
+    The world farm market suffers from surpluses because of
+rising production by exporting countries, he added.
+    Lyng said the U.S. Has been trying to reduce farm product
+output with expensive programs, Maki said.
+    Maki said the U.S. And Japan will hold detailed discussions
+on each trade item as well as a new round of GATT trade talks
+at a meeting on April 20, in which U.S. Trade Representative
+Clayton Yeutter will join.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1326" NEWID="16791">
+<DATE>17-APR-1987 08:30:07.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0176&#31;reute
+r f BC-DOLLAR-GENERAL-&lt;DOLR.   04-17 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOLLAR GENERAL &lt;DOLR.O> MARCH SALES FALL</TITLE>
+<DATELINE>    SCOTTSVILLE, Ky., April 17 - </DATELINE><BODY>Dollar General Corp said sales
+for March fell 4.6 pct to 43.4 mln dlrs from 45.5 mln dlrs a
+year earlier, with same-store sales off 6.9 pct.
+    The company said in March 1986, sales were helped by Easter
+shopping and a heavier schedule of promotions. Easter falls
+April 19 this year, and the company said unseasonably cold and
+snowy weather hampered March results this year.
+    It said first quarter sales were up seven pct to 114.4 mln
+dlrs from 107.0 mln dlrs a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1327" NEWID="16792">
+<DATE>17-APR-1987 08:30:17.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0177&#31;reute
+r f BC-FEDERATED-GUARANTY-&lt;F   04-17 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED GUARANTY &lt;FDGC.O> SETS STOCK SPLIT</TITLE>
+<DATELINE>    MONTGOMERY, Ala., April 17 - </DATELINE><BODY>Federated Guaranty corp said
+its board declared a two-for-one stock split and raised the
+quarterly dividend to 6-1/2 cts per share post-split from six
+cts, both payable June One, record May 15.
+    The company said shareholders at the annual meeting
+approved an increase in authorized common shares to 19 mln from
+10 mln and a name change to Alfa Corp.  It said the name change
+should take effect next week, along with a NASDAQ ticker symbol
+change to &lt;ALFA.O>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1328" NEWID="16793">
+<DATE>17-APR-1987 08:30:28.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0178&#31;reute
+r f BC-LITTLEFIELD-ADAMS-&lt;LF   04-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLEFIELD ADAMS &lt;LFA> MAY GET QUALIFIED AUDIT</TITLE>
+<DATELINE>    TOTOWA, N.J., April 17 - </DATELINE><BODY>Littlefield, Adams and Co said it
+is attempting to work out new financing arrangements with
+lender Congress Financial, and unless it receives an extension
+of its loan to at least year-end, it expects a qualified audit
+opinion on 1986 financial statements.
+    The company said the revolving loan fell due at the end of
+February, and Congress has so far granted two one-month
+extensions.  It said it has asked the Securities and Exchange
+Commission and American Stock Exchange for an extension in
+filing 1986 annual reports while it tries to work out the new
+funding.
+    The company also said its Collegiate Pacific subsidiary has
+closed its Gardena, Calif., plant and leased the facility and
+equipment to a non-competing seller of printed wearables. It
+said it has licensed newly-formed Collegiate Pacific West to
+distribute Collegiate Pacific branded merchandise in 14 western
+states, western Canada and Japan.
+    It said the leasing and licensing agreements should provide
+about 200,000 dlrs in revenues a year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1329" NEWID="16794">
+<DATE>17-APR-1987 08:49:16.21</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0181&#31;reute
+u f PM-TRADE-AMERICAN   04-17 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN TO ANNOUNCE DECISION ON JAPAN SANCTIONS</TITLE>
+<AUTHOR>    By Robert Trautman, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>President Reagan today is to
+announce a decision on tough new tariffs on Japanese exports to
+retaliate for what he calls Japan's failure to end its unfair
+practices in semiconductor trade.
+    The 100 pct tariffs are to be imposed on 300 mln dlrs of
+Japanese goods recommended for curbs by a special panel of
+experts headed by the U.S. Trade Representative's Office.
+    Reagan announced last March 27 he would impose the tariffs
+on certain goods taken from a list that ranged from computors
+and television sets to power tools and photographic film.
+    The panel this week winnowed through the list of the some
+20 products and sent their recommendations yesterday to Santa
+Barbara, where Reagan is vacationing.
+    In his March annoucement, Reagan said "I am committed to
+full enforcement of our trade agreements designed to provide
+American industry with free and fair trade opportunities."
+    He added the tariffs would be lifted once Japan honored the
+pact it signed last year to end dumping semiconductors in world
+markets and opened its home market to U.S. products.
+    U.S. officials said Japan had done nothing since the March
+announcement to alter Reagan's plan to invoke the sanctions.
+    White House spokesman Marlin Fitzwater said yesterday:  "we
+do not want a trade war, but we feel that this is the kind of
+action that requires meaningful action."
+    Reagan's move follows steadily rising U.S. trade deicits,
+with last year's hitting a record $169.8 billion.
+    About one-third of the deficit is in trade with Japan.
+    Congress is weighing a trade bill to force the president to
+retaliate in certain cases of unfair trade practices.
+    He has opposed the legislation, saying it would prevent
+negotiated solutions to trade disputes and, in any case, that
+existing law was adqeuate to end unfair trade practices.
+    Trade experts say his tough action against the Japanese was
+as much to penalize the Japanese as to show Congress he did not
+need any new trade legislation.
+    The Japanese have complained that they have been honoring
+the semiconductor pact, but that it would take time before the
+results showed up.
+    U.S. officials, however, have said their monitoring of
+Japanese semiconductor shipments to East Asian countries and
+Western Europe showed no letup in the dumping and that the
+Japanese home markets remained shut to American exports.
+    Japan has said that if Reagan imposed the tariffs, it would
+file a complaint with the General Agreement on Tariff and Trade
+(GATT).
+    It said hoped GATT would find the U.S. retaliation had
+violated the regulations of the global trading group and would
+approve compensation or Japanese retaliation.
+    U.S. officials have said they did not think Japan would
+retaliate because it had too much to lose in any trade war with
+the United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1330" NEWID="16795">
+<DATE>17-APR-1987 08:51:57.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0186&#31;reute
+r f BC-UNION-PLANTERS-CORP-&lt;   04-17 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION PLANTERS CORP &lt;UPCM.O> 1ST QTR NET</TITLE>
+<DATELINE>    MEMPHIS, Tenn., April 17 -
+    </DATELINE><BODY>Shr 92 cts vs 1.16 dlrs
+    Qtly div 10 cts vs 10 cts prior
+    Net 5,700,000 vs 5,400,000
+    Avg shrs 6,100,000 vs 3,700,000
+    NOTE: Dividend pay May 15, record May One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1331" NEWID="16796">
+<DATE>17-APR-1987 08:52:12.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0187&#31;reute
+r f BC-UNION-PLANTERS-&lt;UPCM.   04-17 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION PLANTERS &lt;UPCM.O> ACQUISITIONS APPROVED</TITLE>
+<DATELINE>    MEMPHIS, Tenn., April 17 - </DATELINE><BODY>Union Planters Corp said it has
+received regulatory approvals for its previously-announced
+acquisitions of Borc Financial Corp and First Citizens Bank of
+Hohenwald, and approval of its acquisition of Merchants State
+Holding Co is expected within 10 days.
+    All are to be completed during the second quarter of 1987,
+it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1332" NEWID="16797">
+<DATE>17-APR-1987 08:52:19.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0188&#31;reute
+r f BC-PIONEER-SAVINGS-BANK   04-17 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIONEER SAVINGS BANK INC &lt;PSBN.O> 2ND QTR NET</TITLE>
+<DATELINE>    ROCKY MOUNT, N.C., April 17 - </DATELINE><BODY>March 31 end
+    Shr 65 cts vs 51 cts
+    Net 1,016,738 vs 526,057
+    Avg shrs 1,561,774 vs 1,035,162
+    1st half
+    Shr 1.31 dlrs vs 1.09 dlrs
+    Net 2,050,911 vs 1,130,462
+    Avg shrs 1,561,643 vs 1,035,162
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1333" NEWID="16798">
+<DATE>17-APR-1987 08:52:26.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0189&#31;reute
+r f BC-MANAGEMENT-SCIENCE-AM   04-17 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANAGEMENT SCIENCE AMERICA INC &lt;MSAI.O> 1ST QTR</TITLE>
+<DATELINE>    ATLANTA, April 17 -
+    </DATELINE><BODY>Shr loss 29 cts vs loss two cts
+    Net loss 5,168,000 vs loss 410,000
+    Revs 46.5 mln vs 29.4 mln
+    Avg shrs 17.6 mln vs 17.1 mln
+    NOTE: Net includes tax credits of 3,938,000 dlrs vs 394,000
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1334" NEWID="16799">
+<DATE>17-APR-1987 08:52:31.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0190&#31;reute
+d f BC-GENERAL-HOUSEWARES-CO   04-17 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL HOUSEWARES CORP &lt;GHW> 1ST QTR NET</TITLE>
+<DATELINE>    STAMFORD, Conn., April 17 -
+    </DATELINE><BODY>Shr two cts vs one ct
+    Net 42,000 vs 26,000
+    Sales 15.6 mln vs 15.2 mln
+    NOTE: 1987 net includes gain 63,000 dlrs from change in
+pension accounting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1335" NEWID="16800">
+<DATE>17-APR-1987 08:52:34.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0191&#31;reute
+d f BC-OAKITE-PRODUCTS-INC-&lt;   04-17 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OAKITE PRODUCTS INC &lt;OKT> 1ST QTR NET</TITLE>
+<DATELINE>    BERKELEY HEIGHTS, N.J., April 17 -
+    </DATELINE><BODY>Shr 53 cts vs 48 cts
+    Net 873,000 vs 773,000
+    Sales 19.5 mln vs 20.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1336" NEWID="16801">
+<DATE>17-APR-1987 08:52:39.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0192&#31;reute
+d f BC-BHA-GROUP-INC-&lt;BHAG.O   04-17 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BHA GROUP INC &lt;BHAG.O> 2ND QTR MARCH 31 NET</TITLE>
+<DATELINE>    KANSAS CITY, April 17 -
+    </DATELINE><BODY>Shr 18 cts vs 15 cts
+    Net 387,000 vs 240,000
+    Sales 9,346,000 vs 8,579,000
+    Avg shrs 2,200,000 vs 1,600,000
+    1st half
+    Shr 36 cts vs 26 cts
+    Net 734,000 vs 410,000
+    Sales 18.4 mln vs 17.2 mln
+    Avg shrs 2,051,648 vs 1,600,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1337" NEWID="16802">
+<DATE>17-APR-1987 08:52:52.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0193&#31;reute
+d f BC-P.A.M.-TRANSPORTATION   04-17 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>P.A.M. TRANSPORTATION SERVICES INC &lt;PTSI.O> NET</TITLE>
+<DATELINE>    TONTITOWN, Ark., April 17 - </DATELINE><BODY>1st qtr
+    Shr 16 cts vs 10 cts
+    Net 808,850 vs 297,266
+    Revs 13.9 mln vs 7,588,280
+    Avg shrs 4,926,566 vs 3,123,411
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1338" NEWID="16803">
+<DATE>17-APR-1987 08:52:57.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0194&#31;reute
+d f BC-FIRST-FEDERAL-BANK-&lt;F   04-17 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL BANK &lt;FFBN.O> 2ND QTR MARCH 31 NET</TITLE>
+<DATELINE>    NASHUA, N.H., April 17 -
+    </DATELINE><BODY>Shr 84 cts vs 75 cts
+    Net 475,000 vs 425,000
+    Total income 7,248,000 vs 7,286,000
+    1st half
+    Shr 1.61 dlrs vs 1.50 dlrs
+    Net 911,000 vs 847,000
+    Total income 14.6 mln vs 14.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1339" NEWID="16804">
+<DATE>17-APR-1987 08:53:05.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0195&#31;reute
+d f BC-GLOBAL-NATURAL-RESOUR   04-17 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLOBAL NATURAL RESOURCES INC &lt;GNR> 4TH QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, April 17 -
+    </DATELINE><BODY>Oper shr loss five cts vs loss nil
+    Ope net loss 1,211,000 vs loss 2,000
+    Revs 6,626,000 vs 11.0 mln
+    Avg shrs 23.2 mln vs 23.5 mln
+    Year
+    Oper shr profit 12 cts vs loss one ct
+    Oper net profit 2,632,000 vs loss 240,000
+    Revs 34.8 mln vs 52.0 mln
+    Avg shrs 22.9 mln vs 23.4 mln
+    NOTE: Net excludes extraordinary tax charges 1,919,000 dlrs
+vs 49,000 dlrs in quarter and credits 1,431,000 dlrs vs
+2,335,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1340" NEWID="16805">
+<DATE>17-APR-1987 09:06:47.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0199&#31;reute
+r f BC-CHEMLAWN-&lt;CHEM>-POSTP   04-17 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMLAWN &lt;CHEM> POSTPONES ANNUAL MEETING</TITLE>
+<DATELINE>    COLUMBUS, Ohio, April 17 - </DATELINE><BODY>ChemLAwn Corp said due to the
+tender offer by Ecolab Inc &lt;ECL> for ChemLawn shares at 36.50
+dlrs each, it has postponed its annual meeting, which had
+scheduled for April 23.
+    No new date was set.  The tender offer is scheduled to
+expire April 20 unless extended.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1341" NEWID="16806">
+<DATE>17-APR-1987 09:06:53.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0200&#31;reute
+d f BC-FIRST-INTERSTATE-OF-I   04-17 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST INTERSTATE OF IOWA INC &lt;FIIA.O> 1ST QTR</TITLE>
+<DATELINE>    DES MOINES, Iowa, April 17 -
+    </DATELINE><BODY>Shr profit two cts vs loss two cts
+    Net profit 251,000 vs loss 222,000
+    NOTE: Pretax net profit 295,000 dlrs vs loss 256,000 dlrs.
+    Charge against earnings for loan losses 1,743,000 dlrs vs
+2,743,000 dlrs and net chargeoffs 1,636,000 dlrs vs 3,865,000
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1342" NEWID="16807">
+<DATE>17-APR-1987 09:06:59.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0201&#31;reute
+d f BC-DOUBLE-EAGLE-PETROLEU   04-17 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOUBLE EAGLE PETROLEUM AND MINING CO &lt;DBLB.O></TITLE>
+<DATELINE>    CASPER, Wyo., April 17 - </DATELINE><BODY>2nd qtr Feb 28
+    Shr loss two cts vs loss eight cts
+    Net loss 33,482 vs loss 163,130
+    Revs 143,961 vs 287,131
+    1st half
+    Shr loss 14 cts vs loss eight cts
+    Net loss 276,238 vs loss 149,407
+    Revs 273,737 vs 679,860
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1343" NEWID="16808">
+<DATE>17-APR-1987 09:07:06.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0202&#31;reute
+d f BC-&lt;K-TEL-INTERNATIONAL   04-17 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;K-TEL INTERNATIONAL INC> 2ND QTR DEC 31 LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, April 17 -
+    </DATELINE><BODY>Shr loss two cts vs profit 10 cts
+    Net loss 76,000 vs profit 357,000
+    Sales 8,987,000 vs 15.3 mln
+    1st half
+    Shr loss 12 cts vs loss seven cts
+    Net loss 440,000 vs loss 246,000
+    Sales 13.2 mln vs 20.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1344" NEWID="16809">
+<DATE>17-APR-1987 09:07:11.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0203&#31;reute
+d f BC-ELECTROMAGNETIC-SCIEN   04-17 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROMAGNETIC SCIENCES INC &lt;ELMG.O> 1ST QTR</TITLE>
+<DATELINE>    ATLANTA, April 17 -
+    </DATELINE><BODY>Shr 20 cts vs 16 cts
+    Net 1,507,000 vs 1,147,000
+    Sales 13.8 mln vs 9,608,000
+    Backlog 52.1 mln vs 37.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1345" NEWID="16810">
+<DATE>17-APR-1987 09:23:59.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0204&#31;reute
+r f BC-CAPE-COD-BANK-AND-TRU   04-17 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPE COD BANK AND TRUST CO &lt;CCBT.O> 1ST QTR NET</TITLE>
+<DATELINE>    HYANNIS, Mass., April 17 -
+    </DATELINE><BODY>Shr 95 cts vs 83 cts
+    Shr diluted 89 cts vs 80 cts
+    Net 2,297,842 vs 1,782,764
+    Avg shrs 2,408,332 vs 2,160,000
+    Avg shrs diluted 2,573,908 vs 2,326,667
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1346" NEWID="16811">
+<DATE>17-APR-1987 09:24:09.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0205&#31;reute
+r f BC-HOLIDAY-CORP-&lt;HIA>-SE   04-17 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLIDAY CORP &lt;HIA> SELLS STAKE IN VENTURE</TITLE>
+<DATELINE>    WICHITA, Ka., April 17 - </DATELINE><BODY>Residence Inn Corp said it has
+agreed to buy Holiday Corp out of their equaly-owned joint
+venture for 51.4 mln dlrs, with closing expected within the
+next few weeks.
+    The all-suite Residence Inn system, which is geated to
+extended stays, currently has 93 open franchised or
+company-owned hotels nationwide and another 55 in construction
+or development.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1347" NEWID="16812">
+<DATE>17-APR-1987 09:24:26.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0206&#31;reute
+d f BC-CADNETIX-CORP-&lt;CADX.O   04-17 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CADNETIX CORP &lt;CADX.O> 3RD QTR MARCH 31 NET</TITLE>
+<DATELINE>    BOULDER, Colo., April 17 -
+    </DATELINE><BODY>Oper shr 12 cts vs five cts
+    Oper net 1,715,000 vs 730,000
+    Sales 12.1 mln vs 7,719,000
+    Avg shrs 13.9 mln vs 13.7 mln
+    Nine mths
+    Oper shr 32 cts vs 18 cts
+    Oper net 4,379,000 vs 2,266,000
+    Sales 32.8 mln vs 23.3 mln
+    Avg shrs 13.8 mln vs 12.4 mln
+    NOTE: prior year net excludes extraordinary credits of
+340,000 dlrs in quarter and 1,190,000 dlrs in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1348" NEWID="16813">
+<DATE>17-APR-1987 09:24:34.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0207&#31;reute
+d f BC-BUSH-INDUSTRIES-INC-&lt;   04-17 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUSH INDUSTRIES INC &lt;BSH> 1ST QTR NET</TITLE>
+<DATELINE>    JAMESTOWN, N.Y., April 17 -
+    </DATELINE><BODY>Shr 44 cts vs 11 cts
+    Net 1,328,000 vs 344,000
+    Sales 23.0 mln vs 12.3 mln
+    NOTE: Share adjusted for three-for-two stock split in
+February 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1349" NEWID="16814">
+<DATE>17-APR-1987 09:24:39.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0208&#31;reute
+d f BC-PLASTI-LINE-INC-&lt;SIGN   04-17 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLASTI-LINE INC &lt;SIGN.O> 1ST QTR NET</TITLE>
+<DATELINE>    KNOXVILLE, Tenn., April 17 -
+    </DATELINE><BODY>Shr 16 cts vs 16 cts
+    Net 566,000 vs 563,000
+    Sales 14.2 mln vs 9,831,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1350" NEWID="16815">
+<DATE>17-APR-1987 09:24:46.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0209&#31;reute
+d f BC-ENDATA-INC-&lt;DATA.O>-1   04-17 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENDATA INC &lt;DATA.O> 1ST QTR NET</TITLE>
+<DATELINE>    NASHVILLE, Tenn., April 17 -
+    </DATELINE><BODY>Oper shr 16 cts vs 11 cts
+    Oper net 660,000 vs 447,000
+    Revs 9,936,000 vs 9,005,000
+    NOTE: 1986 net excludes 381,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1351" NEWID="16816">
+<DATE>17-APR-1987 09:24:50.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0210&#31;reute
+d f BC-ROTO-ROOTER-INC-&lt;ROTO   04-17 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTO-ROOTER INC &lt;ROTO> 1ST QTR NET</TITLE>
+<DATELINE>    CINCINNATI, April 17 -
+    </DATELINE><BODY>Shr 20 cts vs 16 cts
+    Net 973,000 vs 775,000
+    Revs 12.8 mln vs 9,678,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1352" NEWID="16817">
+<DATE>17-APR-1987 09:24:56.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0211&#31;reute
+d f BC-&lt;BIRDSBORO-CORP>-4TH   04-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BIRDSBORO CORP> 4TH QTR LOSS</TITLE>
+<DATELINE>    MIAMI, April 17 -
+    </DATELINE><BODY>Shr loss 24 cts vs loss 20 cts
+    Net loss 1,718,000 vs loss 1,483,000
+    Sales 7,266,000 vs 6,490,000
+    Year
+    Shr loss 1.83 dlrs vs loss 53 cts
+    Net loss 13.2 mln vs loss 3,833,000
+    Sales 19.1 mln vs 29.5 mln
+    NOTE: 1986 year net includes pretax realized loss on
+secureity transaction of 4,124,000 dlrs.
+    Net includes tax credits of 751,000 dlrs vs 606,000 dlrs in
+quarter and 1,163,000 dlrs vs 2,289,000 dlrs in year.
+    1986 net both periods includes gain 1,887,000 dlrs from
+pension plan termination.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1353" NEWID="16818">
+<DATE>17-APR-1987 09:25:01.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0212&#31;reute
+d f BC-DYNAMICS-RESEARCH-COR   04-17 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DYNAMICS RESEARCH CORP &lt;DRCO.O> 1ST QTR MARCH 21</TITLE>
+<DATELINE>    WILMINGTON, Mass., April 17 -
+    </DATELINE><BODY>Shr 17 cts vs 13 cts
+    Net 673,000 vs 514,000
+    Revs 18.4 mln vs 17.2 mln
+    NOTE: Share adjusted for five-for-four stock split in
+January 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1354" NEWID="16819">
+<DATE>17-APR-1987 09:25:04.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0213&#31;reute
+d f BC-MARTIN-PROCESSING-INC   04-17 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARTIN PROCESSING INC &lt;MPI> 1ST QTR NET</TITLE>
+<DATELINE>    MARTINSVILLE, Va., April 17 -
+    </DATELINE><BODY>Oper shr 14 cts vs 10 cts
+    Oper net 711,000 vs 517,000
+    Sales 11.2 mln vs 11.1 mln
+    NOTE: 1986 net excludes 84,000 dlr gain from discontinued
+machinery division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1355" NEWID="16820">
+<DATE>17-APR-1987 09:25:10.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0214&#31;reute
+d f BC-MARTIN-PROCESSING-&lt;MP   04-17 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARTIN PROCESSING &lt;MPI> SEES YEAR SALES GROWTH</TITLE>
+<DATELINE>    MARTINSVILLE, Va., April 17 - </DATELINE><BODY>Martin PRocessing Inc said it
+expects significant sales growth for the rest of the year,
+particularly for its peak periods, the second and third
+quarters.
+    The company reported first quarter sales of 11.2 mln dlrs,
+up from 11.1 mln dlrs a year before.  For all of 1986 it had
+sales of 46.6 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1356" NEWID="16821">
+<DATE>17-APR-1987 09:34:08.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0216&#31;reute
+r f BC-U.S.-SHAREHOLDER-MEET   04-17 0030</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. SHAREHOLDER MEETINGS - APRIL 17
+ Church's Fried Chicken Inc        
+ Dominion Resources Inc            
+ Hospital Corp Of America          
+ Massmutual Corporate Investors Inc
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1357" NEWID="16822">
+<DATE>17-APR-1987 09:34:12.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0217&#31;reute
+r f BC-QT8902   04-17 0010</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. DIVIDEND MEETINGS - APRIL 17
+ Communications Satellite
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1358" NEWID="16823">
+<DATE>17-APR-1987 09:34:56.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0219&#31;reute
+r f BC-GROWTH-STOCK-OUTLOOK   04-17 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROWTH STOCK OUTLOOK &lt;GSO> ASSET VALUE UP</TITLE>
+<DATELINE>    BETHESDA, Md., April 17 - </DATELINE><BODY>Growth Stock Outlook Trust Inc
+said its asset value as of March 31 was 141.4 mln dlrs or 9.83
+dlrs per share, up from 117.3 mln dlrs or 9.38 dlrs per share a
+year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1359" NEWID="16824">
+<DATE>17-APR-1987 09:35:04.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0220&#31;reute
+d f BC-BUSH-INDUSTRIES-&lt;BSH>   04-17 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUSH INDUSTRIES &lt;BSH> SEES HIGHER YEAR RESULTS</TITLE>
+<DATELINE>    JAMESTOWN, N.Y., April 17 - </DATELINE><BODY>Bush Industries Inc said it
+expects higher earnings and sales for 1987, partly due to
+efficiencies in manufacturing that have improved its margins.
+    The company reported first quarter earnings of 1,328,000
+dlrs, up from 344,000 dlrs a year before, on sales of 23.0 mln
+dlrs, up from 12.3 mln dlrs.  For all of last year it earned
+2,506,000 dlrs on sales of 65.4 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1360" NEWID="16825">
+<DATE>17-APR-1987 09:35:09.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0221&#31;reute
+d f BC-J.-BILDNER-AND-SONS-I   04-17 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J. BILDNER AND SONS INC &lt;JBIL.O> YEAR JAN 25 NET</TITLE>
+<DATELINE>    BOSTON, April 17 -
+    </DATELINE><BODY>Shr 13 cts vs three cts
+    Net 617,000 vs 112,000
+    Sales 31.3 mln vs 11.4 mln
+    Avg shrs 4,877,057 vs 3,310,585
+    NOTE: 1987 net includes 87,000 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1361" NEWID="16826">
+<DATE>17-APR-1987 09:35:18.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0222&#31;reute
+d f BC-J.-BILDNER-&lt;JBIL.O>-S   04-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J. BILDNER &lt;JBIL.O> SEES IMPROVED RESULTS</TITLE>
+<DATELINE>    BOSTON, April 17 - </DATELINE><BODY>J. Bildner and Sons Inc said it expects
+improved earnings and sales in the current fiscal year.
+    The company reported earnings for the year ended January 25
+of 617,000 dlrsl up from 112,000 dlrs a year before, on sales
+of 31.3 mln dlrs, up from 11.4 mln dlrs.
+    Bildner also said it plans to offer 25 mln dlrs in
+Eurodollar convertible subordinated debentures due 2002 through
+underwriters led by PaineWebber Group Inc &lt;PWJ> and Kidder,
+Peabody and Co Inc, with proceeds to be used to finance
+expansion and reduce debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1362" NEWID="16827">
+<DATE>17-APR-1987 09:40:22.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0224&#31;reute
+r f AM-PILOTS   04-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTERN PILOTS SAY STRIKE IS POSSIBLE</TITLE>
+<DATELINE>     ATLANTA, April 17 - </DATELINE><BODY>A strike by machinists
+against Eastern Airlines is very likely before the end of the
+year and Eastern pilots would probably honor the picket line,
+the president of the airline pilots' union said.
+     Capt. Henry A. Duffy, president of the Air Line Pilots
+Association, told a group of aviation executives meeting in
+Atlanta Duffy said the pilots' union has a contract through
+1988 with Eastern Airlines.
+    However, a contract between Eastern and the International
+Association of Machinists and Aerospace Workers is due to
+expire this year, Duffy said.
+    If the machinists strike, which seems likely, Eastern
+pilots probably would refuse to cross picket lines, he added.
+    Noting that the pilots' union had clashed several times
+with Eastern's parent, Texas Air Corp &lt;TEX.A>, Duffy said, "We
+have had a difficult relationship with Texas Air wherever they
+have existed in the industry."
+    Eastern's pilots had picketed the airline recently over new
+sick leave policies and Duffy repeated criticisms of those
+policies in his speech today.
+    "The new policies pressure us to try to fly when we're sick
+against federal air regulations and pressure us to fly beyond
+federal air limits," Duffy said. "For all those reasons, we don't
+see a very happy future over there."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1363" NEWID="16828">
+<DATE>17-APR-1987 09:45:03.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0226&#31;reute
+r f AM-THIOKOL   04-17 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORTON-THIOKOL EMPLOYEES ALLEGE FRAUD, TV SAYS</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>Employees of Morton Thiokol Inc
+&lt;MTI.N> have gone to the FBI with allegations of fraud by the
+firm in the manufacture of booster rockets blamed for the 1986
+Challenger explosion, ABC News reported.
+    According to the report, some Morton Thiokol employees went
+to the FBI in Salt Lake City, Utah, with their allegations last
+January 15.
+    An FBI criminal investigation into Morton Thiokol began in
+late January, although FBI officials have refused to confirm
+whether the probe was related to the Challenger disaster.
+    FBI spokesman Ray McElhaney refused to discuss the report
+today, saying FBI officials could not comment about current 
+investigations.
+    The space shuttle Challenger exploded after takeoff Jan
+28, 1986, when the temperature at the Florida launch site was
+20 degrees below that specified for the O-rings that hold the
+solid-rocket boosters together.
+    The rings failed and all seven shuttle astronauts died in
+the explosion.
+    Morton Thiokol, based in Chicago, built the Challenger's
+boosters in its Utah facility.
+    The allegations by the employees follow similar charges by
+former Morton-Thiokol engineer Roger Boisjoly, who has filed
+two lawsuits alleging criminal fraud against his former
+employer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1364" NEWID="16829">
+<DATE>17-APR-1987 09:49:53.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0229&#31;reute
+r f AM-NARCOTICS-1STLD WRITETHROUGH  04-17 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKBROKERS CHARGED IN DRUG ARRESTS</TITLE>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>Sixteen Wall Street stockbrokers were
+charged with dealing cocaine, some at a brokerage house federal
+officials said was deeply involved in drug trafficking as well
+as trading violations.
+    A total of 19 people were arrested in the federal
+investigation, eight of them affiliated with Brooks, Weinger,
+Robbins and Leeds, Inc.
+    Manhattan U.S. Attorney Rudolph Giuliani said the
+investigation marked the start of a wider probe into widespread
+drug abuse in the New York financial district.
+    "This case and the implications of it are quite serious.
+This is the beginning of this whole area of investigation," he
+said at a news conference announcing the indictments.
+    The arrests marked the latest phase in a series of scandals
+that have rocked Wall Street, most of them involving illegal
+insider trading.
+    The federal probe coincides with a police investigation  in
+which 114 people, including messengers, a security guard and a
+New York Telephone company executive, have been arrested for
+alleged drug dealing and drug abuse, police said today.
+    A request by Giuliani's office for a warrant to search two
+Brooks, Weinger offices alleges numerous instances of stock
+manipulation as well as other securities law violations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1365" NEWID="16830">
+<DATE>17-APR-1987 10:10:28.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0234&#31;reute
+r f BC-WAINOCO-OIL-&lt;WOL>-TO   04-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAINOCO OIL &lt;WOL> TO REDEEM SOME RIGHTS</TITLE>
+<DATELINE>    HOUSTON, April 17 - </DATELINE><BODY>Wainoco Oil Corp said its board has
+voted to redeem its shareholder value rioghts for 10 cts each,
+payable June One to holders of record on April 27.
+    The rights have been attached on a one-for-one basis to 
+Wainoco common shares.  As previously announced, the company is
+redeeming the rights to have sufficient authorized and
+unreserved common shares to proceed with a planned unit
+offering of common stock and warrants.
+    It said its shareholder purchase rights distributed in June
+1986 are unaffected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1366" NEWID="16831">
+<DATE>17-APR-1987 10:10:37.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0235&#31;reute
+r f BC-JEFFERSON-BANK-&lt;JFFN.   04-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERSON BANK &lt;JFFN.O> TO MAKE RIGHTS OFFERING</TITLE>
+<DATELINE>    PHILADELPHIA, April 17 - </DATELINE><BODY>Jefferson Bank said it plans to
+offer shareholders the right to purchase additional common
+shares at 80 pct of the closing bid price per share on the date
+the offering starts, subject to a minimum of 9.25 dlrs per
+share.
+    The company said the offering is being made in connection
+with a planned investment in Jefferson of up to 4,500,000 dlrs
+by principal shareholder State Bancshares Inc.  Both the
+investment and the rights offering are subject to State's
+arrangement of financing and participation in the rights
+offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1367" NEWID="16832">
+<DATE>17-APR-1987 10:10:45.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0236&#31;reute
+r f BC-GENEX-&lt;GNEX.O>-PLANS   04-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENEX &lt;GNEX.O> PLANS PREFERRED RIGHTS OFFERING</TITLE>
+<DATELINE>    GAITHERSBURG, Md., April 17 - </DATELINE><BODY>Genex Corp said it has filed
+for a proposed 8,500,000 dlr rights offering that is planned
+for early summer.
+    It said shareholders will have the right to buy 1.1
+convertible preferred shares at 60 cts a share for each common
+share held as of May Eight.
+    It said lenders who extended a four mln dlr secured credit
+line to Genex in early March will have the right to buy all
+unsubscribed shares, and based on an agreement with Genex's
+largest shareholders, the lenders will be able to buy at least
+34 pct of the offering.
+    The company said to make the offering, it will ask
+shareholder approval for an increase in authorized common
+shares to 50 mln from 21 mln and for the authorization of a new
+class of 20 mln preferred shares.  It said it will also ask
+approval for a change in state of incorporation to Delaware to
+take advantage of more flexible corporation laws and new
+provisions regarding director liability.
+    Genex said the new preferred will have the right to elect a
+majority of its board and will be convertible into common
+stock.  If the rights offer were sold out and all shares
+converted, common shares outstanding would more than double.
+    The company is now incorporated in Maryland.
+    Genex said it will use proceeds of the rights offering to
+repay its credit line and for working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1368" NEWID="16833">
+<DATE>17-APR-1987 10:11:08.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0239&#31;reute
+r f BC-AMOCO-&lt;AN>-MAY-BUY-DO   04-17 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> MAY BUY DOME &lt;DMP>, REPORT SAYS</TITLE>
+<DATELINE>    Toronto, April 17 - </DATELINE><BODY>Amoco Corp is apparently the successful
+bidder for debt-laden Dome Petroleum Ltd, according to a
+published report.
+    The Toronto Globe and Mail, quoting sources close to the
+negotiations, today said Dome broke off talks last night with
+TransCanada PipeLines Ltd, which last week announced a 4.3
+billion Canadian dlr offer for all of Dome's assets.
+    No financial details about the Amoco offer were available
+and a Dome spokesman would neither confirm nor deny that Amoco
+had emerged the winner, the newspaper said.
+    However, the Dome spokesman indicated that the sale of Dome
+could be finalized and announced this weekend, the Globe and
+Mail said.
+    Representatives of Amoco were not immediately available for
+comment.
+    Last Sunday, when TransCanada announced its offer, Dome
+said it was also in talks with two other companies, but refused
+to identify them.
+    Since then, market speculation has centered on Amoco and
+Exxon Corp's &lt;XON> 70 pct-owned Imperial Oil Ltd subsidiary in
+Canada.
+    British Petroleum PLC &lt;BP> and Royal Dutch/Shell Group &lt;RD>
+have also been mentioned as possible suitors for Dome.
+    In the past two days, Dome management has been pressured by
+the federal government to select the offer from TransCanada,
+the only Canadian company in the bidding.
+    Prime Minister Brian Mulroney's government appears to want
+to avoid a Dome sale to a foreign company since the government
+gave Dome hundreds of millions of dollars in tax breaks to
+encourage oil and gas exploration in the Arctic, analysts and
+officials have said.
+    A purchase by TransCanada would be least likely to run
+afoul of Canadian antitrust laws, however, TransCanada is
+asking for tax concessions from a federal government that is
+trying to hold its deficit below 30 billion Canadian dlrs,
+analysts have said.
+    A takeover by Amoco or Imperial would also give a foreign
+oil company a dominant position in Canada's oil industry.
+    Imperial Oil is already Canada's largest energy company,
+with 1986 revenues of 7.1 billion Canadian dlrs. Chicago-based
+Amoco had 1986 revenues of 20.23 billion U.S. dlrs. Its Amoco
+Canada Petroleum subsidiary is 100 pct owned by Amoco Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1369" NEWID="16834">
+<DATE>17-APR-1987 10:11:19.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0241&#31;reute
+s f BC-GORMAN-RUPP-CO-&lt;GRC>   04-17 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GORMAN-RUPP CO &lt;GRC> SETS QUARTERLY</TITLE>
+<DATELINE>    MANSFIELD, Ohio, April 17 -
+    </DATELINE><BODY>Qtly div 21 cts vs 21 cts prior
+    Pay June 10
+    Record May Eight
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1370" NEWID="16835">
+<DATE>17-APR-1987 10:11:27.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0242&#31;reute
+s f BC-LILLY-INDUSTRIAL-COAT   04-17 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LILLY INDUSTRIAL COATINGS INC &lt;LICIA> IN PAYOUT</TITLE>
+<DATELINE>    INDIANAPOLIS, April 17 -
+    </DATELINE><BODY>Qtly div 10-1/2 cts vs 10-1/2 cts prior
+    Pay July One
+    Record June 10    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1371" NEWID="16836">
+<DATE>17-APR-1987 10:11:40.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0243&#31;reute
+s f BC-GRUMMAN-CORP-&lt;GQ>-IN   04-17 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRUMMAN CORP &lt;GQ> IN PAYOUT</TITLE>
+<DATELINE>    BETHPAGE, N.Y., April 17 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay May 20
+    Record May Eight  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1372" NEWID="16837">
+<DATE>17-APR-1987 10:11:47.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0244&#31;reute
+s f BC-AMBRIT-INC-&lt;ABI>-IN-P   04-17 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMBRIT INC &lt;ABI> IN PAYOUT</TITLE>
+<DATELINE>    CLEARWATER, Fla., April 17 -
+    </DATELINE><BODY>Qtly div two cts vs two cts prior
+    Pay May 22
+    Record May Eight  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1373" NEWID="16838">
+<DATE>17-APR-1987 10:11:52.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0245&#31;reute
+s f BC-ONEOK-INC-&lt;OKE>-IN-PA   04-17 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONEOK INC &lt;OKE> IN PAYOUT</TITLE>
+<DATELINE>    TULSA, Okla., April 17 -
+    </DATELINE><BODY>Qtly div 64 cts vs 64 cts prior
+    Pay May 15
+    Record April 30   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1374" NEWID="16839">
+<DATE>17-APR-1987 10:11:57.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0246&#31;reute
+s f BC-DIAMOND-SHAMROCK-OFFS   04-17 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND SHAMROCK OFFSHORE PARTNERS &lt;DSP> PAYOUT</TITLE>
+<DATELINE>    DALLAS, April 17 -
+    </DATELINE><BODY>Qtly div 70 cts vs 70 cts prior
+    Pay June Eight
+    Record May Eight  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1375" NEWID="16840">
+<DATE>17-APR-1987 10:13:09.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0247&#31;reute
+b f BC-CHRYSLER-&lt;C>-SEEKS-TO   04-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> SEEKS TO RAISE SHARE LIMIT</TITLE>
+<DATELINE>    DETROIT, April 17 - </DATELINE><BODY>Chrysler Corp said it is asking
+shareholders to increase the number of shares of authorized
+common stock to 500 mln from the current 300 mln.
+    The company, in the proxy statement mailed to 135,000
+stockholders for its May 21 annual meeting in Savannah, Ga., 
+said the added shares will be needed to complete its proposed
+buyout of American Motors Corp &lt;AMO>.
+    Chrysler also said the additional shares could be used for
+future acquisitions, financing transactions, stock dividends or
+splits and employee benefit plans.
+    The company also said in the proxy statement for its annual
+meeting that in 1986 the board approved the granting of 77.0
+mln dlrs of cash awards to 1,914 executives and 16.2 mln dlrs
+for a supplemental executive retirement plan under its
+incentive compensation program.
+    It said it also paid out 66.9 mlndlrs in bonuses to over
+93,000 hourly and salaried employees, and it recently paid out
+46.7 mln dlrs in profit-sharing payments to full-time employees
+based on 1986 performance.
+    Chrysler further said it is offering special 500 dlr checks
+only to patrons of the 1987 New York Auto Show good toward the
+purchase of Chrysler LeBaron Coupes, Plymouth Sundances, Dodge
+Shadows and Dodge Daytonas.
+    The checks will be redeemable at participating dealers in
+the New York metropoliutan areas through May Two and are in
+addition to any low percentage rate financing or cash
+incentives the company is offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1376" NEWID="16841">
+<DATE>17-APR-1987 10:26:44.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0249&#31;reute
+r f BC-TEXAS-AIR'S-&lt;TEX>-UNI   04-17 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR'S &lt;TEX> UNIT TO CUT STAFF</TITLE>
+<DATELINE>    MIAMI, April 17 - </DATELINE><BODY>Texas Air Corp's Eastern Airlines
+subsidiary said it will cut 259 jobs for mechanics and related
+employees in Miami and Boston, effective around May One.
+    The company said part of the staff cuts result from the
+proposed sale of five Boeing Co &lt;BA> 727-100's and two Lockheed
+Corp &lt;LK> L-1011's, as well as the previously announced
+transfer of six &lt;Airbus Industrie> A300's to Continental
+Airlines, another Texas Air subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1377" NEWID="16842">
+<DATE>17-APR-1987 10:36:40.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0255&#31;reute
+u f BC-CHRYSLER-&lt;C>-PAYS-77   04-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> PAYS 77 MLN DLRS IN BONUSES</TITLE>
+<DATELINE>    DETROIT, April 17 - </DATELINE><BODY>Chrysler Corp said its board made cash
+bonus awards of 77 mln dlrs to 1,914 executives in 1986 based
+on 1985 earnings, including a 975,000 dlr bonus that brought
+chairman Lee Iacocca's cash compensation to 1.7 mln dlrs.
+    The number three U.S. automaker also disclosed in its
+shareholder proxy statement that Iacocca exercised stock
+options last year that netted him nearly 9.6 mln dlrs and
+received 337,500 shares of Chrysler stock last November three
+that at current market prices would be worth more than 18 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1378" NEWID="16843">
+<DATE>17-APR-1987 10:48:31.68</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0258&#31;reute
+b f BC-FRENCH-INDUSTRIAL-PRO   04-17 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH INDUSTRIAL PRODUCTION RISES IN FEBRUARY</TITLE>
+<DATELINE>    PARIS, April 17 - </DATELINE><BODY>French industrial production rose a
+seasonally adjusted three pct in February after an unrevised
+1.98 pct fall in January, the National Statistics Institute
+(INSEE) said.
+    The figure, which excludes construction and public works,
+put the February index, base 1980, at 102 after 99 in January.
+    INSEE changed its base year to 1980 from 1970 last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1379" NEWID="16844">
+<DATE>17-APR-1987 11:05:56.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0260&#31;reute
+u f BC-DANNERS-&lt;DNNR.O>-IN-D   04-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANNERS &lt;DNNR.O> IN DEAL ON CAPITAL INFUSION</TITLE>
+<DATELINE>    INDIANAPOLIS, April 17 - </DATELINE><BODY>Danners Inc said it has agreed in
+principle for Indian LP, a partnership associated with Sherman
+Clay Group, to purchase 100,000 shares of redeemable voting
+junior preferred stock with a liquidation preference of 20 dlrs
+per share and cumulative dividends of 1.60 dlrs per share
+annually for two mln dlrs.
+    It said the partnership would also receive detachable
+warrants to buy 1,600,000 common shares at 1.25 dlrs each,
+payable in cash or in junior preferred stock at the liquidation
+preference value.                            
+    Danners said completion of the infusion would allow the
+partnership to name a majority of its board.
+    In addition, Danners said it granted the partnership an
+option to buy 200,000 more common shares at 1.25 dlrs each,
+exercisable if it should fail to meet any condition connected
+with the transaction or if principal shareholders should accept
+a merger offer from another party.  It said Danners family
+members owning 171,538 shares have granted options to Indian to
+buy their shares on similar terms and conditions.
+    The company said the Danner family options provide that if
+the infusion is completed, the partnership will have the option
+starting six months later and ending in April 1992 to buy the
+shares at the last bid or last sales price, whichever is lower.
+    Danners said the agreement is subject to a recapitalization
+by its bank group of outstanding loans, satisfactory company
+prospects, favorable opinon from an investment banker and
+closing by April 30, with possible extensions to no later than
+May 11.
+    The company lost 529,000 dlrs in the prior year.
+    Danners said it has terminated its use of LIFO inventory
+accounting, resulting in a restatement of its net worth as of
+February 1, 1986, the last day of its prior fiscal year, to
+15.5 mln dlrs from 9,901,000 dlrs.  But losses for the year
+just ended will result in a net worth deficiency at the end of
+that year of about 4,400,000 dlrs or eight dlrs per share.
+    The company said it incurred unusual fourth quarter losses
+due to the previously-announced closing and disposition of 17
+of its 35 3D discount department stores, inventory clearances
+and conversion to a new pricing and promotion system.
+    The company said if it should fail to perform under the
+deal, it could be liable for all expenses incurred by the
+partnership.  If it does perform but the infusion transaction
+collapses for another reason, it said it could be liable for up
+to 50,000 dlrs in expenses.
+    It said the Danner family members who have agreed to the
+option have the ability to sell some or all of their shares to
+the partnership around the closing date at two dlrs each.
+    Danners further said it expects to report a loss for the
+year ended January 31 of over 19 mln dlrs, substantially worse
+than it had expected.
+    The company said it also incurred losses in the fourth
+quarter on the disposition of nonoperating assets.  It said it
+expects to report results for the year soon.
+    Danners said problems with its credit relationships,
+together with its losses for the year, resulted in its
+transaction with Indian, which is intended to alleviate its
+problems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1380" NEWID="16845">
+<DATE>17-APR-1987 11:06:01.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0261&#31;reute
+r f BC-GRUMMAN-&lt;GQ>-HOLDERS   04-17 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRUMMAN &lt;GQ> HOLDERS APPROVE LIABILITY LIMITS</TITLE>
+<DATELINE>    BETHPAGE, N.Y., April 17 - </DATELINE><BODY>Grumman Corp said shareholders
+at the annual meeting approved an amendment on the
+indemnification of direcors, officers and employees against
+liability.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1381" NEWID="16846">
+<DATE>17-APR-1987 11:06:36.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0263&#31;reute
+r f BC-FIRST-FEDERAL-BROOKSV   04-17 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL BROOKSVILLE&lt;FFBV> ADJOURNS MEETING</TITLE>
+<DATELINE>    BRROKSVILLE, Fla., April 17 - </DATELINE><BODY>First Federal Savings and
+Loan Association of Brooksville said it has adjourned its
+annual meeting until May 11 due to the unexpected death of
+director J.R. Underwood, creating the need for a substitute
+nominee for the board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1382" NEWID="16847">
+<DATE>17-APR-1987 11:06:44.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0264&#31;reute
+r f BC-&lt;PROFITT'S-INC>-FILES   04-17 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PROFITT'S INC> FILES FOR INITIAL OFFERING</TITLE>
+<DATELINE>    ALCOA, Tenn., April 17 - </DATELINE><BODY>Profitt's Inc said it has filed
+for an initial public offering of one mln common shares at an
+expected price of eight to 10 dlrs each through underwriters
+led by Morgan Keegan Inc &lt;MOR>.
+    It said proceeds will be used to retire debt.
+    Profitts Operates five specialty department stores in
+Tennessee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1383" NEWID="16848">
+<DATE>17-APR-1987 11:06:50.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0265&#31;reute
+r f BC-RLC-CORP-&lt;RLC>-2ND-QT   04-17 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RLC CORP &lt;RLC> 2ND QTR MARCH 31 NET</TITLE>
+<DATELINE>    WILMINGTON, Del., April 17 -
+    </DATELINE><BODY>Shr loss nil vs profit six cts
+    Net loss 89,000 vs profit 1,136,000
+    Revs 105.0 mln vs 97.,3 mln
+    1st half
+    Shr loss two cts vs profit 21 cts
+    Net loss 396,000 vs profit 3,790,000
+    Revs 212.1 mln vs 194.8 mln
+    Avg shrs 18.1 mln vs 18.3 mln
+    NOTE: Current quarter net includes 77,000 dlr tax credit.
+    Current half net includes reversal of 2,622,000 dlrs of
+investment tax credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1384" NEWID="16849">
+<DATE>17-APR-1987 11:07:03.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0267&#31;reute
+r f BC-MINISCRIBE-&lt;MINY>-FIL   04-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINISCRIBE &lt;MINY> FILES TO OFFER CONVERTIBLES</TITLE>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>MiniScribe Corp said it filed with the
+Securities and Exchange Commission a registration statement
+covering a 65 mln dlr issue of convertible subordinated
+debentures due 2012.
+    Initially, a portion of the proceeds will be used to reduce
+funds drawn from MiniScribe's revolving bank credit facility.
+Proceeds will also be used for working capital purposes,
+primarily to finance inventories and accounts receivable, and
+to acquire capital equipment and expand manufacturing capacity,
+MiniScribe said. It named Morgan Stanley and Hambrechit and
+Quist as managing underwriters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1385" NEWID="16850">
+<DATE>17-APR-1987 11:07:06.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0268&#31;reute
+d f BC-FRESH-JUICE-CO-INC-&lt;F   04-17 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRESH JUICE CO INC &lt;FRSH.O> 1ST QTR FEB 28 NET</TITLE>
+<DATELINE>    GREAT NECK, N.Y., April 17 -
+    </DATELINE><BODY>Shr loss five cts
+    NEt loss 90,066
+    Sales 328,127
+    NOTE: Company began opeations in April 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1386" NEWID="16851">
+<DATE>17-APR-1987 11:08:17.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0270&#31;reute
+r f BC-FRENCH-GOVERNMENT-SET   04-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH GOVERNMENT SETS TERMS OF BIMP SALE</TITLE>
+<DATELINE>    PARIS, April 17 - </DATELINE><BODY>The French Finance ministry said today a
+public flotation offer opening this coming Tuesday for 39 pct
+of the capital of &lt;Banque Industrielle et Mobiliere Privee>
+(BIMP) has been set at 140 francs per share.
+    The offer closes next Friday. The ministry said in a
+statement 51 pct of the bank's capital had been sold to a solid
+core of large investors, including insurance companies and
+Michelin subsidiary SPIKA, for 145 pct of the public offer
+price. Ten pct of the shares have been reserved for employees,
+who get a five pct discount increased to 20 pct if they keep
+the shares for two years.
+    Employees also get one free share for each one bought, if
+the shares are held for at least one year.
+    Small investors would receive one free share for every 10
+bought, with an upper limit of five free shares per investor,
+and on condition the shares are held for at least 18 months.
+    The state-owned capital of BIMP comprises 2.51 mln shares.
+The bank is being sold to the public as part of a sweeping
+programme to privatise 65 state-owned groups over five years.
+    In a separate statement, the ministry said last week's
+privatisation offer of 1.07 mln shares in &lt;Banque du Batiment
+et des Travaux Publics> (BTP) was 65 times oversubscribed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1387" NEWID="16852">
+<DATE>17-APR-1987 11:17:18.89</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0274&#31;reute
+u f BC-/BUDGET-CHIEF-MILLER   04-17 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUDGET CHIEF MILLER WARNS FED ON INTEREST RATES</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>White House Budget chief James
+Miller said he was concerned that the Federal Reserve might
+"overreact" to the decline in the value of the U.S. dollar by
+raising interest rates, a move he said could cause a recession
+next year.
+    "Our greatest danger is overreaction," Miller told newspaper
+reporters yesterday. "I'm concerned about the Fed's
+overreaction. I'm concerned about what I see in recent data
+showing a substantial fall in the money supply."
+    Edwin Dale, Miller's spokesman, said the remarks, published
+in the New York Times today, were accurate.
+    Miller said he was concerned the Fed might overreact to
+signals of rising inflation by tightening credit -- a move he
+said could have "political consequences."
+    The White House budget chief appeared to be referring to
+the effect an economic slowdown could have on the presidential
+and congressional elections next year.
+    "My fear is that if we get into a recession we are in deep
+soup, and there is no question about it," he said.
+    Miller said an economic slowdown could lead to lower tax
+revenues and a widening of the budget deficit.
+    Miller's remarks reflected concern that the U.S. central
+bank might feel compelled to tighten credit as a means of
+bolstering the dollar.
+    Both Treasury Secretary James Baker and Federal Reserve
+Board Chairman Paul Volcker recently have warned that further
+declines in the value of the U.S. dollar could jeopardize
+global growth prospects.
+    U.S. officials have urged Japan and West Germany to
+stimulate economic growth in their countries -- a move that
+could boost U.S. exports and relieve trade protectionist
+pressures in the United States.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1388" NEWID="16853">
+<DATE>17-APR-1987 11:27:04.80</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0278&#31;reute
+r f BC-BANK-OF-FRANCE-SEES-P   04-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FRANCE SEES PICKUP IN INDUSTRIAL ACTIVITY</TITLE>
+<DATELINE>    PARIS, April 17 - </DATELINE><BODY>The Bank of France said in its latest
+monthly report on the French economy it expected a pickup in
+industrial production registered in March to gather steam over
+the next few months.
+    Without giving figures, the report said last month's rise,
+partly linked to efforts to catch up with production lost
+earlier this year through industrial action, was due mainly to
+a firming of domestic demand.
+    "New progress is expected in all main sectors except capital
+goods where production will remain at its present level," the
+report added.
+    The upbeat report comes in the wake of grim March trade
+balance figures which showed a deficit in industrial trade for
+the first time since June 1982.
+    While the automobile industry remained unchanged from
+previously boosted levels, consumer goods production grew and
+was expected to accelerate except in the area of domestic
+appliances. Semi-finished goods showed a clear increase in all
+sectors. Construction and civil engineering, boosted by a rise
+in public works, also improved, while retail trade sales in all
+sectors continued to slow.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1389" NEWID="16854">
+<DATE>17-APR-1987 11:28:27.98</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0280&#31;reute
+r f BC-ITALIAN-WHOLESALE-PRI   04-17 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN WHOLESALE PRICES UP 0.2 PCT IN FEBRUARY</TITLE>
+<DATELINE>    Rome, April 17 - </DATELINE><BODY>Italy's wholesale price index rose 0.2 pct
+month-on-month in February 1987 after increasing by 1.1 pct in
+January, the national statistics institute ISTAT said.
+    The index, base 1980 equals 100, registered 173.1 in
+February compared with 172.8 in January.
+    The February figure represents a decline of 0.2 pct
+compared with February 1986 after a year-on-year decline in
+January 1987 of 1.7 pct.
+                      
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1390" NEWID="16855">
+<DATE>17-APR-1987 11:34:27.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-SHARON-STEEL-&lt;SSH>-FI   04-17 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHARON STEEL &lt;SSH> FILES CHAPTER 11 BANKRUPTCY</TITLE>
+<DATELINE>    MIAMI, April 17 - </DATELINE><BODY>Sharon Steel Corp said it has filed a
+voluntary petition for relief under Chapter 11 of federal
+bankruptcy laws.
+    The company, which has been losing money and experiencing
+financial difficulties for years, said it took the action in
+response to Quantum Fund's notice that it intended to
+accelerate the maturity of Sharon's 13-1/2 pct subordinated
+debentures due 2000 at 1200 EDT today.
+    Sharon said Quantum had requested the trustee for the
+debentures to file an involuntary petition under Chapter 7 of
+the bankruptcy code against it.
+    Sharon Steel said as a result of the bankruptcy filing, its
+exchange offer has been terminated.
+    Sharon had been making an exchange offer for its 13.5 pct
+debentures due 2000 and 14.25 pct debentures due 1999 that was
+subject to a number of conditions being met.  Acceptance of the
+offer, which had been extended several times, had been below
+required levels for its completion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1391" NEWID="16856">
+<DATE>17-APR-1987 11:35:35.16</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0286&#31;reute
+u f BC-YEUTTER-SAYS-JAPANESE   04-17 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER SAYS JAPANESE CURB ALL BUT CERTAIN</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said it was all but certain President Reagan would go
+ahead today and impose curbs on Japanese exports as planned.
+    Asked in a television interview what the chance was for
+Reagan to cancel the scheduled 100 pct tariffs on Japanese
+electronic exports, he said "slim to none."
+    Reagan announced on March 27 he would impose the tariffs to
+retaliate for Japan's failure to honor a 1986 agreement to end
+dumping computer semiconductors in world markets at less than
+cost and to open its home markets to U.S. products.
+    Yeutter, on the NBC program "Today," said the United States
+did not want to terminate the agreement and would drop
+the tariffs once Japan began fulfilling the agreement.
+    He said Japanese negotiators last week told U.S. officials
+they were honoring the pact, but Yeutter said it would take
+time to monitor any compliance.
+    Asked how long that would take, he said "We want to see a
+pattern of compliance, so in a minimum I would say that would
+take a few weeks."
+    Yeutter said he did not think there would be much consumer
+impact by the tariffs on 300 mln dlrs worth of Japanese goods
+because the items selected are also readily available from
+other countries and manufacturers.
+    He said he did not think Japan would retaliate.
+    "It seems to me it is not in the interests of either country
+to get in an escalating conflict.  The Japanese understand that
+full well," Yeutter said.
+    He added Japan might challenge the tariffs in the General
+Agreement on Tariffs and Trade (GATT), but "that's more of a
+paper kind of exercise and I don't really expect to see any
+adverse impact on U.S. trade."
+    Yeutter also said he did not see any way the semiconductor
+issue could be resolved before or during a Washington visit
+later this month by Japanese Prime Minister Yasuhiro Nakasone.
+    He said he hoped the visit, which is to have trade as a
+major issue, would be productive but "I don't see any practical
+way to resolve this particular dispute before or during his
+visit."
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1392" NEWID="16857">
+<DATE>17-APR-1987 11:37:04.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0292&#31;reute
+r f BC-TCF-BANKING-&lt;TCFC>-FI   04-17 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TCF BANKING &lt;TCFC> FILES TO OFFER NOTES</TITLE>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>TCF Banking and Savings F.A. said it
+filed with the Federal Savings and Loan Association to issue up
+to 100 mln dlrs of subordinated capital notes.
+    Proceeds will be used to increase the bank's regulatory
+capital and for general corporate purposes, TCF said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1393" NEWID="16858">
+<DATE>17-APR-1987 11:39:29.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0293&#31;reute
+r f BC-CHURCH'S-FRIED-CHICKE   04-17 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHURCH'S FRIED CHICKEN INC &lt;CHU> 1ST QTR NET</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, April 17 -
+    </DATELINE><BODY>Shr one ct vs 14 cts
+    Qtly div 11-1/2 cts vs 11-1/2 cts prior
+    Net 411,000 vs 5,299,000
+    Revs 88.5 mln vs 108.4 mln
+    NOTE: Dividend pay May 18, record May One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1394" NEWID="16859">
+<DATE>17-APR-1987 11:47:35.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0294&#31;reute
+d f BC-SONY-PLANS-VIDEO-AND   04-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONY PLANS VIDEO AND TAPE PRODUCTION IN THAILAND</TITLE>
+<DATELINE>    BANGKOK, April 17 - </DATELINE><BODY>&lt;Sony Corp> of Japan plans to launch a
+15-mln-dlr project here soon to produce video and music
+cassette tapes mainly for export, Chira Phanupong, head of
+Thailand's Board of Investment, said.
+    Chira told reporters Sony will likely receive investment
+tax incentives from his agency which is in charge of promoting
+foreign investment.
+    The BoI chief said most small and medium Japanese firms
+view Thailand as the best country in South East Asia to which
+they could shift their high-cost production facilities in the
+wake of the strong yen.
+    BoI officials said the number of new Japanese investment
+projects seeking promotional privileges from the Thai
+government increased substantially in the past year as the
+stronge yen forced more Japanese companies to look for cheaper
+production bases abroad.
+    &lt;Sharp Corp> recently also obtained BoI tax incentives to
+invest in a project here to produce microwave ovens and
+refrigerators for the Thai market and for export.
+    Chira said a big Japanese electronic firm is negotiating
+with his agency for Thai tax incentives for its project to
+manufacture audio equipment and other electrical appliances
+here.
+    He declined to name the Japanese company but said its
+proposed project will provide employment for 50,000 Thais in
+five years.
+              
+REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1395" NEWID="16860">
+<DATE>17-APR-1987 11:56:04.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0297&#31;reute
+r f BC-GM-&lt;GM>-MAY-CEASE-U.S   04-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> MAY CEASE U.S. CAR ASSEMBLY - LABOR CHIEF</TITLE>
+<DATELINE>    DETROIT, April 17 - </DATELINE><BODY>General Motors Corp believes it must
+become competitive with other with auto manufacturers in the
+next five years or cease building its cars in the U.S., a
+published report said.
+    The Detroit Free Press quoted GM industrial relations
+vice-president Alfred Warren as saying "we've got about three
+to five years to either get our act together or get out of the
+business."
+    "People cannot believe we could stop building automobiles
+in the United States," he said, adding "I'm sure the
+electronics people felt the same way."
+    Warren, who will be GM's chief negotiator this summer in
+labor bargaining on a new contract covering 380,000 U.S. hourly
+workers, said there will be a greater loss of jobs if GM's
+share of the U.S. car market continues to decline.
+    And he added the United Automobile Workers union must
+resolve its concerns over job security with GM because its
+"jobs are at General Motors...not somewhere else."
+    Warren said GM may have been "foolish" in the last
+recession to agree to bring back laid-off UAW members to its
+parts-making operations because "today we would be better off
+had we not brought workers back."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1396" NEWID="16861">
+<DATE>17-APR-1987 11:56:15.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0298&#31;reute
+r f BC-ALLIANCE-WELL-&lt;AWSI.O   04-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIANCE WELL &lt;AWSI.O> SAYS NOT ALL BANKS AGREE</TITLE>
+<DATELINE>    LIBERTY, Texas, April 17 - </DATELINE><BODY>Alliance Well Service Inc said
+not all of its five principal lending banks have agreed yet to
+the proposed settlement of Alliance debt that the company
+announced April 15.
+    The company said some important points still need to be
+negotiated in the agreement, as well.
+    Under the agreement, all 29.3 mln dlrs of its bank debt,
+plus related interest, would be eliminated, the banks would
+recieve common stock and the company would not challenge the
+banks' foreclosure of its 119 drilling rigs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1397" NEWID="16862">
+<DATE>17-APR-1987 11:56:24.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0299&#31;reute
+r f BC-SOUTHWEST-BANCORP-&lt;SW   04-17 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST BANCORP &lt;SWB> HAS HALF OF PREFERRED</TITLE>
+<DATELINE>    VISTA, Calif., April 17 - </DATELINE><BODY>Southwest Bancorp said through
+yesterday, it had receioved 53,571 shares of its 2.50 dlr
+cumulative convertible preferred stock in response to its offer
+to exchange 11 common shares for each of the 108,710 shares of
+the preferred.
+    The company said the offer, which was to have expired
+today, has been extended until May One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1398" NEWID="16863">
+<DATE>17-APR-1987 12:12:43.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0303&#31;reute
+r f BC-&lt;GOLDOMEXFSB>-SEEKS-T   04-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GOLDOMEXFSB> SEEKS TO GO PUBLIC</TITLE>
+<DATELINE>    BUFFALO, N.Y., April 17 - </DATELINE><BODY>Goldome FSB said it has filed
+with the New York Superintendent of Banks to convert to a state
+stock savings bank from a federal mutual savings bank as part
+of its plan to go public.
+    The company said it plans to first make a subscription
+offiering to depositors and a direct community offering in its
+major New York and Florida markets and elsewhere were it has
+significant subsidiary operations.  Any shares remaining would
+be sold in a public offering through underwriters led by
+Merrill Lynch and Co Inc &lt;MER>.
+    Goldome has 14.6 billion dlrs in assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1399" NEWID="16864">
+<DATE>17-APR-1987 12:13:02.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0304&#31;reute
+r f BC-ARGENTINA-SEES-QUICK   04-17 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA SEES QUICK COMPLETION OF DEBT DEAL</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>Argentina's controversial new
+financing package should be completed quickly thanks to a wide
+range of innovative options in the deal, said Jorge Gonzalez,
+undersecretary for external debt in the economics ministry.
+    The deal offers banks a lucrative fee if they sign early
+and an "exit bond" provision allowing banks to sell as much as
+five mln dlrs of their existing loans. Gonzalez also disclosed
+that banks will have the choice of lending up to one mln dlrs
+in the form of a bearer bond. "We expect to complete the
+package very quickly," he said in a telephone interview.
+    By providing their share of the 1.55 billion dlrs in new
+money being raised for Argentina via an easily tradable bearer
+bond instead of a participation in the syndicated loan, smaller
+banks could avoid time-consuming legal paperwork.
+    The bonds, currently dubbed "alternative participation
+instruments," would carry the same terms as the syndicated loan
+- a 12-year term, five years' grace and an interest rate margin
+of 7/8 pct over Eurodollar rates, Gonzalez said.
+    The idea of the "exit bond" is that a creditor bank may
+exchange up to five mln dlrs of existing debt for a new,
+tradeable bond that bears below-market interest rates.
+    In return for accepting a lower yield, the amount of debt
+converted will be subtracted from the bank's exposure for
+purposes of calculating its contribution to future new loans.
+    Gonzalez said it was difficult to say how many banks would
+take up the "exit bonds" because no such instrument has been
+offered before.
+    On paper, however, Argentina's lending syndicate could
+shrink dramatically because over 100 of the country's 350
+creditors have exposure of less than five mln dlrs.
+    Details of the "exit bonds" are still being finalized,
+Gonzalez added.
+    Argentina has pressed hard for a streamlining of the
+lending process because it has bitter memories of its last
+package, which was agreed with the Citibank-led steering
+committee in December 1984 but not signed until August 1985.
+    Gonzalez praised the committee for its cooperation in the
+latest negotiations and said the resulting deal, which was
+announced by the banks on Wednesday, should put Argentina on
+the road to meeting its economic goals.
+    "We believe this is a package that will help Argentine to
+continue on the track it has elected to follow - stable growth
+and equilibrium in the external accounts," he said.
+    Asked what role the Reagan Administration had played in the
+final stages of the talks, Gonzalez said it had lent "practical
+support."
+    He did not elaborate, but bankers said the U.S. had pressed
+for an agreement after Economics Minister Juan Sourrouille
+threatened at last week's spring meeting in Washington of the
+International Monetary Fund to break off talks unless banks
+stopped blocking a deal.
+    The specter of Argentina emulating Brazil and suspending
+interest payments haunted policymakers and bankers alike, who
+have long feared the emergence of a debtors' cartel.
+    "That was a feeling among people on the committee," one
+banker said.
+    As a result bankers agreed to give Argentina the same
+interest rate margin as Mexico, 13/16 pct, on the rescheduling
+of 30 billion dlrs of debt, even though they knew this would
+raise the ire of the Philippines and Venezuela, which paid 7/8
+pct on recent rescheduling packages.
+    Asked about the angry reaction of the Manila government,
+which promptly said Wednesday that it would demand a spread of
+13/16 pct, Gonzalez said this was a matter between the
+Philippines and the banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1400" NEWID="16865">
+<DATE>17-APR-1987 12:13:08.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0305&#31;reute
+r f BC-DOMINION-RESOURCES-IN   04-17 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOMINION RESOURCES INC &lt;D> 1ST QTR NET</TITLE>
+<DATELINE>    RICHMOND, Va., April 17 -
+    </DATELINE><BODY>Shr 1.31 dlrs vs 1.03 dlrs
+    Net 123 mln vs 95 mln
+    Revs 831 mln vs 764 mln
+    Avg shrs 94 mln vs 91 mln
+    12 mths
+    Shr 4.38 dlrs vs 3.68 dlrs
+    Net 409 mln vs 331 mln
+    Revs 3.14 billion vs 2.77 billion
+    Avg shrs 93 mln vs 90 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1401" NEWID="16866">
+<DATE>17-APR-1987 12:13:14.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0306&#31;reute
+r f BC-H.B.-FULLER-&lt;FULL.O>   04-17 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.B. FULLER &lt;FULL.O> HOLDERS APPROVE SHARE RISE</TITLE>
+<DATELINE>    ST. PAUL, Minn., April 17 - </DATELINE><BODY>H.B. Fuller Co said
+shareholders at the annual meeting approved an increase in
+authorized common shares to 40 mln from 15 mln and a
+requirement that certain accumulations of its voting securities
+by subject to prior shareholder approval.
+    In addition, it said shareholders approved the elimination
+of the personal liability of directors in legal proceedings
+alleging a breach of fiduciary duty.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1402" NEWID="16867">
+<DATE>17-APR-1987 12:13:20.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0307&#31;reute
+r f BC-DIAMOND-SHAMROCK-&lt;DIA   04-17 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND SHAMROCK &lt;DIA> SETS DATES FOR SPINOFF</TITLE>
+<DATELINE>    DALLAS, April 17 - </DATELINE><BODY>Diamond Shamrock Corp said it has set
+April 30 as the record date for the spinoff of its refining and
+marketing operations, Diamond R and M Inc, and shares will be
+mailed around May 10.
+    Shareholders will receive one Diamond R and M share for
+each four Diamond Shamrock shares held.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1403" NEWID="16868">
+<DATE>17-APR-1987 12:20:14.51</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0313&#31;reute
+r f BC-FORD-&lt;F>-DEVELOPING-A   04-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> DEVELOPING ALUMINUM CAR FRAME</TITLE>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>Ford Motor Co said it is developing an
+aluminum space frame for its Probe V concept car using extruded
+stretch-formed aluminum that could lead to new techniques for
+building production cars in the future.
+    It said the frame would reduce vehicle weight and cost
+while maintaining structural integrity and crashworthiness. The
+frame has fewer parts than conventional steel frames, Ford
+said.  The company said the lighter weight would allow smaller
+powertrains and suspensions, further reducing weight and
+improving fuel economy.
+    Ford said in addition, extrusion dies cost 1,000 to 12,000
+dlrs each, compared with hundreds of thousands of dollars for
+steel stamping dies, and using extruded aluminum the number of
+welds in a car could be reduced to about 40 from over 2,000.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1404" NEWID="16869">
+<DATE>17-APR-1987 12:28:25.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0315&#31;reute
+r f BC-JAMES-RIVER-&lt;JR>-TO-R   04-17 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMES RIVER &lt;JR> TO REBUILD PAPER MACHINE</TITLE>
+<DATELINE>    SAN FRANCISCO, April 17 - </DATELINE><BODY>James River Corp said it will
+rebuild its Number Three paper machine at the Wauna pulp and
+paper mill near Clatskanie, Ore., at a cost of about 31.8 mln
+dlrs to significantly improve newsprint quality and expand its
+uncoated groundwood specialties paper product line.
+    It said completion is expected in late 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1405" NEWID="16870">
+<DATE>17-APR-1987 12:30:29.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0317&#31;reute
+u f BC-ITALIAN-DISCOUNT-CERT   04-17 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN DISCOUNT CERTIFICATE ISSUE UNDERSUBSCRIBED</TITLE>
+<DATELINE>    ROME, April 17 - </DATELINE><BODY>The Bank of Italy said market operators
+had taken up 1,111 billion lire of indexed government discount
+certificates (CTs) out of an offer of 2,500 billion lire.
+    The Bank took up 600 billion lire and 789 billion were
+unassigned.
+    The seven-year certificates carry a first-year coupon
+payable April 21 1988 of 4.86 pct, identical to that on the
+preceeding issue of CTs in March.
+    They were offered at a base price of 72 lire, down from 74
+previously, for an effective annual yield on the first coupon
+of 10.15 pct against 9.66 in March. Yields after the first year
+will be linked to rates on 12-month Treasury bills.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1406" NEWID="16871">
+<DATE>17-APR-1987 12:34:25.61</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0319&#31;reute
+u f BC-U.S.-COMMERCE-TRADE-R   04-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COMMERCE TRADE REPORT OMITS FREIGHT COSTS</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>The Commerce Department said on that
+insurance and freight costs for imported goods of 1.45 billion
+dlrs were included in the February trade deficit of 15.1
+billion dlrs reported on Tuesday.
+    The department is required by law to wait 48 hours after
+the initial trade report to issue a second report on a "customs
+value" basis, which eliminates the freight and insurance
+charges from the cost of imports.
+    Private-sector economists emphasized that the Commerce
+Department was not revising down the deficit by 1.45 billion
+dlrs but simply presenting the figures on a different basis.
+    A report in the Washington Post caused a stir in the
+foreign exchanges today because it gave the impression, dealers
+said, that the underlying trade deficit for February had been
+revised downward.
+    The Commerce department would like to have the law changed
+to permit it to report both sets of figures simultaneously.
+    "My feeling is the second one is a better report but there's
+legislation that requires us to delay it two days," said Robert
+Ortner, Commerce undersecretary for economic affairs.
+    "But this has been going on for a long time and no one pays
+any attention to the second figure."
+    The 15.1 billion dlr February trade deficit compared with a
+revised January deficit of 12.3 billion dlrs.
+    The law requiring a 48-hour delay in publishing the monthly
+trade figure excluding freight and insurance was passed in
+1979.
+    Reportedly the feeling was the first figure, which includes
+customs, freight and insurance, allowed a better comparison
+with other countries that reported their trade balances on the
+same basis.
+    The second figure, which would always be lower by deducting
+freight and insurance, presents the deficit in a more favorable
+light for the Reagan administration.
+    Ortner said he would like to see the law changed to
+eliminate the 48-hour delay in reporting the two figures.
+    "We're considering it," he said, "It's one of those dinosaur
+laws and I think it's time has come."
+    The second figure, which would always be lower by deducting
+freight and insurance, presents the deficit in a more favorable
+light for the Reagan administration.
+    Ortner said he would like to see the law changed to
+eliminate the 48-hour delay in reporting the two figures.
+    "We're considering it," he said, "It's one of those dinosaur
+laws and I think its time has come."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1407" NEWID="16872">
+<DATE>17-APR-1987 12:38:38.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0325&#31;reute
+u f BC-CALMAT   04-17 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG FIRM UPS CALMAT &lt;CZM> STAKE TO 12 PCT</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>Industrial Equity (Pacific) Ltd, a
+Hong Kong investment firm, said it raised its stake in CalMat
+Co to 3,712,860 shares, or 12.2 pct of the total outstanding
+common stock, from 3,312,460 shares, or 10.9 pct.
+    In a filing with the Securities and Exchange Commission,
+Industrial Equity, which is principally owned by Brierley
+Investments Ltd, a publicly held New Zealand company, said it
+bought 400,400 Calmat common shares between April 9 and 13 for
+a total of 10.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1408" NEWID="16873">
+<DATE>17-APR-1987 12:38:53.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0326&#31;reute
+u f BC-WURLITZER   04-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOUNDATION CUTS WURLITZER &lt;WUR> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>The Farny R. Wurlitzer Foundation
+told the Securities and Exchange Commission it cut its stake in
+Wurlitzer Co to 89,000 shares, or 4.98 pct of the total
+outstanding common stock, from 125,000 shares, or 7.0 pct.
+    The foundation said it sold 36,000 Wurlitzer common shares
+between March 13 and 30 at prices ranging from 3.25 to 2.375
+dlrs a share.
+    As long as the foundation's stake in Wurlitzer is below
+five pct, it is not required to report further dealings it has
+in the company's common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1409" NEWID="16874">
+<DATE>17-APR-1987 12:39:04.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0327&#31;reute
+u f BC-ORIENT-EXPRESS   04-17 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRMS RAISE ORIENT EXPRESS&lt;OEH> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>Two affiliated investment firms and
+funds they control told the Securities and Exchange Commission
+they raised their Orient Express Hotels Inc stake to 1,663,800
+shares, or 17.0 pct of the total, from 1,560,800, or 15.9 pct.
+    The firms, Boston-based FMR Corp and Bermuda-based Fidelity
+International Ltd, said they bought a combined 103,000 Orient
+Express common shares from March 12 to April 8 at prices
+ranging from 3.05 to 3.55 dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1410" NEWID="16875">
+<DATE>17-APR-1987 13:02:39.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0347&#31;reute
+u f BC-HOSPITAL-CORP-&lt;HCA>-B   04-17 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOSPITAL CORP &lt;HCA> BOARD AGAINST BUYOUT BID</TITLE>
+<DATELINE>    NASHVILLE, Tenn., April 17 - </DATELINE><BODY>Hospital Corp of America said
+its management believes the 47 dlr per share acquisition offer
+it received from Charles R. Miller, Richard E. Ragsdale and
+Richard L. Scott is not in the best interest of shareholders,
+and it does not plan to meet with the individuals.
+    The company said its board considered information on the
+three and their bid, and "Given the lack of any demonstrated
+ability on the part of these individuals to consummate an
+acquisition of this magnitude, the board decided it was not
+necessary to take any action on their proposal at this time."
+    Hospital Corp said "The benefits of the company's ongoing
+repositioning program are already being realized, and we will
+continue to explore appropriate alternatives for enhancing
+shareholder value."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1411" NEWID="16876">
+<DATE>17-APR-1987 13:06:41.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0350&#31;reute
+u f PM-JAPAN-TAX   04-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE'S SALES TAX PLAN SUFFERS ANOTHER DENT</TITLE>
+<AUTHOR>    By Seigo Sakamoto, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 17 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone's
+unpopular sales tax plan suffered another dent today when
+members of his ruling Liberal Democratic Party (LDP) called for
+time to be taken in dealing with the proposed sales tax, party
+officials said.
+    The call came in a resolution adopted by a group of some
+150 LDP parliamentarians and secretaries, acting on behalf of
+their parliamentarians, at a meeting at the LDP headquarters,
+they said. The MPs represented seemed to Account for one-third
+of LDP MPs.
+    The group is an LDP voluntary organisation, called the
+Parliamentarians' Research Society for Reestablishment of
+Finances claiming a membership of about 300 MPs, they said.
+    Meanwhle, Nakasone this evening hinted that his party might
+be ready to accept some modification to the five-pct sales tax
+proposal after the fiscal 1987 state budget plan was passed by
+parliament. The LDP suffered a setback in last Sunday's local
+elections because of the controvertial tax plan. The result
+also undermined Nakasone's prestige, giving rise to a
+possibility that he might be forced out of office before
+October 30, when he is supposed to step down.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1412" NEWID="16877">
+<DATE>17-APR-1987 13:09:10.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0355&#31;reute
+r f BC-KAYDON-&lt;KDON.O>-NAMES   04-17 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAYDON &lt;KDON.O> NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    MUSKEGON, Mich., April 17 - </DATELINE><BODY>Kaydon Corp said president
+Richard A. Shantz has been named chairman, succeeding Glenn W.
+Bailey, who remains on the board.
+    The company said Lawrence J. Cawley, who had been president
+of the Bearing Division, has ben named to succeed Shantz as
+Kaydon president.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1413" NEWID="16878">
+<DATE>17-APR-1987 13:09:15.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0356&#31;reute
+r f BC-AFFILIATED-BANKSHARES   04-17 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFFILIATED BANKSHARES &lt;AFBK.O> NAMES CEO</TITLE>
+<DATELINE>    DENVER, April 17 - </DATELINE><BODY>Affiliated Bankshares of Colorado Inc
+said president and chief operating officer Kent O. Olin has
+been named to the added post of chief executive, succeeding Leo
+Hill, who plans to retire at the end of the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1414" NEWID="16879">
+<DATE>17-APR-1987 13:09:28.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0357&#31;reute
+r f BC-TODD-&lt;TOD>-DEBT-MAY-B   04-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TODD &lt;TOD> DEBT MAY BE DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade Todd Shipyards Corp's 110 mln dlrs of debt.
+    It cited Tood's report of significant and unanticipated
+losses on a commercial contract, and continuing uncertainty
+over the U.S. Navy's DDG-51 Destroyer program, which Moody's
+termed an important business for Todd's viability.
+    Moody's said it would assess the company's future financing
+flexibility in light of current negotiations of existing credit
+and loan agreements. Todd carries B-2 senior subordinated notes
+due 1996 and B-3 3.08 dlr convertible exchangeable preferred
+stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1415" NEWID="16880">
+<DATE>17-APR-1987 13:09:34.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0358&#31;reute
+d f BC-CALNY-&lt;CLNY.O>-NAMES   04-17 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALNY &lt;CLNY.O> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 17 - </DATELINE><BODY>Calny Inc said M. Hal Taylor
+has been named poresident and chief operating officer,
+succeeding Marvin Hart, who had been serving as president on an
+interim basis and remains chairman and chief executive.
+    The company said Taylor, who joined the company in January,
+has also been named to the board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1416" NEWID="16881">
+<DATE>17-APR-1987 13:09:39.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0359&#31;reute
+d f BC-GOODMARK-FOODS-&lt;GDMK.   04-17 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODMARK FOODS &lt;GDMK.O> NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    RALEIGH, N.C., April 17 - </DATELINE><BODY>GoodMark Foods Inc said president
+and chief executive officer Ron E. Doggett will assume the
+added post of chairman effective June One, when H. Hawkins
+Bradley retires.
+    It said Bradley will remain on the board and as a company
+consultant.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1417" NEWID="16882">
+<DATE>17-APR-1987 13:09:44.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0360&#31;reute
+d f BC-EL-POLLO-ASADO-&lt;EPAI.   04-17 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EL POLLO ASADO &lt;EPAI.O> NAMES PRESIDENT</TITLE>
+<DATELINE>    PHOENIX, April 17 - </DATELINE><BODY>El Pollo Asado Inc said executive vice
+president and chief operating officer Richard J. Peterson has
+been named president, succeeding Richard B. Lipson, who remains
+chairman and chief executive.
+    The company also said chief financial officer Ronald A.
+Paradis has been named to the added posts of executive vice
+president and director.  On the board he replaces Maria A.
+Lipson.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1418" NEWID="16883">
+<DATE>17-APR-1987 13:09:48.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0361&#31;reute
+d f BC-CITIZENS-SAVINGS-&lt;CSB   04-17 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS SAVINGS &lt;CSBF.O> NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    SILVER SPRING, Md., April 17 - </DATELINE><BODY>Citizens Savings Bank FSB
+said chairman and chief executive officer Frank L. Hewitt Jr.
+is retiring and is being succeeded by vice chairman Clinton C.
+Sisson.
+    The company said Hewitt will remain chairman and president
+of its First Citizens Corp subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1419" NEWID="16884">
+<DATE>17-APR-1987 13:09:51.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0362&#31;reute
+s f BC-CALNY-INC-&lt;CLNY>-SETS   04-17 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALNY INC &lt;CLNY> SETS QUARTERLY</TITLE>
+<DATELINE>    SAN MATEO, Calif., April 17 -
+    </DATELINE><BODY>Qtly div four cts vs four cts prior
+    Pay May 13
+    Record April 29
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1420" NEWID="16885">
+<DATE>17-APR-1987 13:31:33.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0365&#31;reute
+r f BC-ROWAN-&lt;RDC>-SEES-SUBS   04-17 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROWAN &lt;RDC> SEES SUBSTANTIAL LOSSES FOR YEAR</TITLE>
+<DATELINE>    HOUSTON, April 17 - </DATELINE><BODY>Rowan Cos Inc said it expects to incur
+substantial losses in 1987 despite expected improvement in
+drilling levels in the Gulf of Mexico and the North Sea.
+    The offshore and onshore drilling company today reported a
+first quarter loss of 18.6 mln dlrs after a 12.2 mln dlr tax
+credit, compared with a year-earlier loss of 5,855,000 dlrs
+after a tax credit of 8,510,000 dlrs.  For all of 1986, Rowan
+lost 42.1 mln dlrs after a 47.6 mln dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1421" NEWID="16886">
+<DATE>17-APR-1987 13:40:50.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0366&#31;reute
+u f BC-ROWAN-COS-INC-&lt;RDC>-1   04-17 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROWAN COS INC &lt;RDC> 1ST QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, April 17 -
+    </DATELINE><BODY>Shr loss 36 cts vs loss 11 cts
+    Net loss 18.6 mln vs loss 5,855,000
+    Revs 23.9 mln vs 53.9 mln
+    NOTE: Net includes tax credits of 12.2 mln dlrs vs
+8,510,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1422" NEWID="16887">
+<DATE>17-APR-1987 13:41:19.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0367&#31;reute
+u f BC-FORD-&lt;F>-AWARDS-BONUS   04-17 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> AWARDS BONUSES OF 164.3 MLN DLRS</TITLE>
+<DATELINE>    DETROIT, April 17 - </DATELINE><BODY>Ford Motor Co said it awarded 164.3 mln
+dlrs in bonuses to 5,528 executives based on the company's
+record 3.3 billion dlrs in 1986 profits.
+    The number two U.S. automaker said chairman Donald Petersen
+last year collected more than 4.3 mln dlrs, inlcuing salary of
+660,772 dlrs, a 1.3 mln dlr bonus and nearly 2.4 mln dlrs from
+exercising stock options.
+    Ford said each of it five top executives received bonuses
+which swelled their pay last year past the one mln dlr mark.
+    Ford said it last month paid 371 mln dlrs in profit-sharing
+to 160,000 hourly and salaried employees in the U.S.
+    The company also disclosed in its proxy statement mailed to
+262,000 shareholders for Ford's May 14 annual meeting in
+Detroit that directors John Connally and Carter Burgess are
+retiring from its board and that Irvine Hockaday Jr, president
+of Hallmark Cards Inc of Kansas City, Mo, is being nominated
+for a board seat.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1423" NEWID="16888">
+<DATE>17-APR-1987 13:41:56.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0369&#31;reute
+r f BC-CARE-ENTERPRISES-&lt;CRE   04-17 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARE ENTERPRISES &lt;CRE> 4TH QTR LOSS</TITLE>
+<DATELINE>    LAGUNA HILLS, Calif., April 17 -
+    </DATELINE><BODY>Oper shr loss 64 cts vs profit 11 cts
+    Oper net loss 7,229,000 vs profit 902,000
+    Revs 67.6 mln vs 66.7 mln
+    Avg shrs 11.3 mln vs 8,507,000
+    Year
+    Oper shr loss 63 cts vs profit 43 cts
+    Oper net loss 6,177,000 vs profit 3,604,000
+    Revs 264.8 mln vs 238.5 mln
+    Avg shrs 9,827,000 vs 8,403,000
+    NOTE: 1986 quarter net includes 731,000 dlr tax credit.
+    1986 net excludes charges from debt restructuring of
+1,976,000 dlrs in quarter and 3,800,000 dlrs in year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1424" NEWID="16889">
+<DATE>17-APR-1987 13:42:05.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0371&#31;reute
+d f BC-NWA-&lt;NWA>-NAMES-NEW-H   04-17 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NWA &lt;NWA> NAMES NEW HEAD FOR UNIT</TITLE>
+<DATELINE>    ST. PAUL, Minn., April 17 - </DATELINE><BODY>NWA Inc said Edward A. Neer Jr.
+has been named president and chief executive officer of its
+Mainline Travel Inc subsidiary, replacing Warren D. Phillips as
+chief executive and Robert L. Daniels asd president.
+    Neer had been western regional sales director of NWA's
+Northwest Airlines unit.
+    It said Daniels has been named president of Mainline's
+retail division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1425" NEWID="16890">
+<DATE>17-APR-1987 13:52:49.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0374&#31;reute
+r f BC-LANCE-INC-&lt;LNCE>-1ST   04-17 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANCE INC &lt;LNCE> 1ST QTR NET</TITLE>
+<DATELINE>    CHARLOTTE, N.C., April 17 -
+    </DATELINE><BODY>Shr 56 cts vs 46 cts
+    Qtly div 29 cts vs 27 cts prior
+    Net 9,089,000 vs 7,585,000
+    Sales 86.8 mln vs 83.0 mln
+    NOTE: Pay May 15, record May One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1426" NEWID="16891">
+<DATE>17-APR-1987 13:57:16.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0375&#31;reute
+r f BC-DAMON-(DMN)-LAB-UNIT   04-17 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAMON &lt;DMN> LAB UNIT RIDES HIGH ON AIDS TESTING</TITLE>
+<DATELINE>     DALLAS, April 17 - </DATELINE><BODY>Damon Corp's Damon Clinical
+Laboratories expects to report "significantly better" profits
+this year and a 20 pct gain in sales due in part to increased
+testing for AIDS virus, Damon president Joe Isola said.
+     Last year the unit earned 8.6 mln dlrs on sales of 97.3
+mln for the fiscal year ended August 31, 1986. Overall, Damon
+Corp reported a loss of 2.5 mln dlrs on sales of 148 mln.
+     Isola attributed the loss to the company's biotechnology
+subsidiary.
+     Damon Labs currently tests about 8,000 samples a night for
+the AIDS virus at its Irving, Texas, facility. That's an
+increase of about 100 percent from 18 months ago when the U.S.
+Army chose the company to test for Acquired Immune Deficiency
+Syndrome among its recruits.
+     Now, in addition to recruits, the company processes
+regular Army soldiers undergoing annual physicals, Army
+Reserves, the National Guard as well as some Coast Guard and
+Naval Reserves.
+     Despite having a capacity for processing 10,000 samples a
+day, Damon Labs recently decided to move out of its Irving
+facility into a larger one close by and from April 25 on will
+be able to process some 16,000 a day.
+     He said AIDS testing was expected to contribute 18 mln
+dlrs to sales over the next three to four years, adding that
+some 80 pct of the AIDS testing was military-related.
+     Despite the enormous number of tests being processed each
+day, he said there had never been a mistake.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1427" NEWID="16892">
+<DATE>17-APR-1987 14:02:24.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f0378&#31;reute
+u f BC-SECURITY-PACIFIC-&lt;SPC   04-17 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC &lt;SPC> DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded 3.7 billion dlrs of debt of Security Pacific Corp,
+lead bank Security Pacific National Bank and other units.
+    Moody's said it is concerned over the outlook for
+improvement in the lead bank's earnings and asset quality,
+which have been burdened by high levels of nonperforming assets
+and charge-offs.
+    Cut were the parent's senior and guaranteed debt to Aa-3
+from Aa-2 and subordinated debt to A-1 from Aa-3 and the lead
+bank's senior debt and long-term deposits to Aa-2 from Aaa.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1428" NEWID="16893">
+<DATE>17-APR-1987 14:10:15.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0382&#31;reute
+r f BC-FHLBB-REPORTS-THRIFT   04-17 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FHLBB REPORTS THRIFT RESULTS IN FOURTH QUARTER</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>The Federal Home Loan Bank Board
+said its insured savings and loan associations (thrifts) that
+made a profit in the fourth quarter of 1986 reported moderate
+increases in net earnings.
+    It said that the 74 pct of the thrifts reporting profits
+had net after-tax income of 2.3 billion dlrs, up from 2.0
+billion dlrs earned by 77 pct of the profitable industry in the
+third quarter.
+    For 1986 as a whole, the profitable firms had a net income
+of 9.2 billion dlrs, up from 7.3 billion dlrs in 1985.
+     It said the 26 pct of the industry that made no profit in
+the fourth quarter had losses of 3.2 billion dlrs.
+    The figure for the unprofitable firms was up from 2.1
+billion dlrs in the third quarter of 1986, it said.
+    Over the year, these firms had total losses of 8.3 billion
+dlrs, up from 3.6 billion dlrs in 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1429" NEWID="16894">
+<DATE>17-APR-1987 14:14:55.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0387&#31;reute
+r f BC-THREE-SUED-OVER-BALL   04-17 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THREE SUED OVER BALL VALVES FOR NINE MILE POINT</TITLE>
+<DATELINE>    SYRACUSE, N.Y., April 17 - </DATELINE><BODY>Niagara Mohawk Power Corp said
+it and the other owners of Nine Mile Point Two nuclear power
+unit have filed suit seeking over 500 mln dlrs in damages
+against three companies involved with the design and
+fabrication of the ball valve system for the plant.
+    The company said the suit, filed in New York State Supreme
+Court, names Gulf and Western Industries Inc &lt;GW>, Wickes Cos
+Inc &lt;WIX>'s Wickes Manufacturing Co Inc subsidiary and Gearhart
+Industries Inc's &lt;GOI> Crosby Valve and Gage Co affiliate.
+    Gulf and Western sold the Fluid Systems Division of its
+Gulf and Western Manufacturing unit, which makes such valves,
+to Crosby Valve in 1983 and the remainder of Gulf and Western
+Manufacturing to Wickes in 1985.
+    The company said the suit alleges breaches of contract and
+warranty and negligence in engineering and seeks damages for
+the cost of delay in the plant's commercial operation alleged
+caused by the failure of the valve system to meet contract
+specifications and licensing requirements.
+    The ball-type main steam isolation valve system was removed
+from Nine Mile Two in March following tests in which the
+company said the valves failed to meet specifications agreed to
+by the defendants. The system is now being replaced by a
+Y-pattern globe valve system.
+    It said the 500 mln dlr figure is a preliminary estimate.
+    Niagara Mohawk owns 41 pct of Nine Mile Two, a 1,080 megatt
+boiling water reactor near Oswego, N.Y., with Long Island
+Lighting Co &lt;LIL> owning 18 pct, Rochester Gas and Electric
+Corp &lt;RGS> 14 pct and Central Hudson Gas and Electric Corp
+&lt;CNH> nine pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1430" NEWID="16895">
+<DATE>17-APR-1987 14:16:58.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0389&#31;reute
+b f BC-/WHITE-HOUSE-SLAPS-TA   04-17 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE SLAPS TARIFFS ON JAPANESE GOODS</TITLE>
+<DATELINE>    SANTA BARBARA, Calif., April 17 - </DATELINE><BODY>The White House announced
+100 pct tariffs on 300 mln dlrs worth of Japanese electronic
+goods, effective Friday.
+    The tariffs were imposed because of alleged Japanese
+failure to honor an agreement to stop below cost dumping of
+computer microchips on world markets and to open up its
+domestic markets to American goods.
+    "I regret that these actions were necessary," President
+Reagan said in a statement.
+    Reagan said the tariffs would be eliminated "as soon as we
+have firm and continuing evidence that the dumping in third
+country markets has stopped and that access to the Japanese
+market has improved."
+    He said he was encouraged by recent actions by Tokyo to
+improve compliance with the U.S.-Japanese semiconductor
+agreement and he looked forward to the day when it was working
+as effectively as it should.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1431" NEWID="16896">
+<DATE>17-APR-1987 14:19:38.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0393&#31;reute
+f f BC-******MOODY'S-DOWNGRA   04-17 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S DOWNGRADES BANKERS TRUST, AFFECTS 1.7 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1432" NEWID="16897">
+<DATE>17-APR-1987 14:22:45.10</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0395&#31;reute
+r f AM-SOVIET-POLITBURO   04-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET INDUSTRIAL OUTPUT UP IN FIRST QUARTER</TITLE>
+<DATELINE>    MOSCOW, April 17 - </DATELINE><BODY>Soviet industrial output in the first
+quarter of this year grew by 2.5 pct compared with the first
+three months of 1986, Tass news agency reported.
+    A regular meeting of the Politburo heard that in March,
+industry achieved the average daily rate needed to fulfil
+annual targets.
+    Quarterly plans were exceeded in the fuel and power sector
+and agriculture, where output grew by 8.7 pct compared with the
+same period last year, it said. Plans were not fulfilled by the
+engineering and building ministries, the chemical and timber
+sectors, rail transport and light industry, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1433" NEWID="16898">
+<DATE>17-APR-1987 14:23:30.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0396&#31;reute
+r f BC-gm-bonus-system-out   04-17 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> BONUS SYSTEM OUT OF DATE FOR COMPANY</TITLE>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>General Motors Corp's executive salary
+bonus plan, effective since 1918, was out of date for the
+world's largest automaker's changing corporate strategy,
+executive vice president Robert Stempel said.
+    "The bonus plan was a plan that was really in sync with a
+manufacturing organization selling what it builds," Stempel told
+reporters at New York Auto Show's press opening.
+    Commenting on GM's previously announced move to replace the
+executive bonus-system with a stock option plan, Stempel said
+the old system did not fit with the company's strategy of long
+term capital investment.
+    "We need to make sure that our pay system is in line
+with...the long term enhancing of the value of the stock, and
+we think that the new program will be doing just that for us,"
+GM's Stempel said in response to a reporter's question.
+    Stempel voiced confidence that GM shareholders will approve
+the new plan, outlined in a shareholder proxy statement issued
+Thursday.
+    Stempel also said General Motors will reduce 10 pct of its
+component business by 1990, for savings of about 500 mln dlrs.
+GM plans to "eliminate those units that are clearly defined as
+non-competitive in the components business," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1434" NEWID="16899">
+<DATE>17-APR-1987 14:24:24.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0398&#31;reute
+d f BC-british-automakers   04-17 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AUTOMAKERS SEE U.S. 1987 SALES DOUBLING</TITLE>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>British Automobile Manufacturers
+Association expects exports to the United States to more than
+double in 1987 to 56,595 units from 26,200 in 1986, association
+president G.W. Whitehead told reporters at the New York Auto
+Show.
+    "We feel this is the appropriate occasion to announce the
+return of British cars as an important force in the U.S.
+imported car market," said Whitehead, who is also president of
+Jaguar Plc's U.S. unit.
+    Whitehead said increased sales will result from intensified
+North American marketing by British automakers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1435" NEWID="16900">
+<DATE>17-APR-1987 14:29:03.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f0400&#31;reute
+b f BC-BANKERS-TRUST-&lt;BT>-DE   04-17 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST &lt;BT> DEBT DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded 1.7 billion dlrs of debt of Bankers Trust New York
+Corp, lead bank Bankers Trust Co and other subsidiaries.
+    It said the slate of key competitors in Bankers Trust's
+principal markets shifted as the bank repositioned itself into
+the global institutional markets. Moody's said the substantial
+new capital committed to these markets, and the size of direct
+competitors, increased the uncertainty of future performance.
+    Cut were the parent's senior and guaranteed debt to Aa-3
+from Aa-2 and subordinated debt to A-1 from Aa-3 and the lead
+bank's long-term debt and deposits to Aa-1 from Aaa.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1436" NEWID="16901">
+<DATE>17-APR-1987 14:37:32.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0401&#31;reute
+u f BC-SEEK-STATE-OF-SIEGE-I   04-17 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE GOVERNMENT TO SEEK STATE OF SIEGE</TITLE>
+<DATELINE>    BUENOS AIRES, April 17 - </DATELINE><BODY>The Argentine government will ask
+congress to declare a state of siege following a rebellion by
+army officers objecting to human rights trials, official
+sources said.
+    Earlier, Army Chief of Staff Hector Rios Erenu said he
+would use all the means at his disposal to put down the
+rebellion. He relieved from their commands two colonels, one of
+them at an airborne infantry regiment in Cordoba, centre of the
+uprising.
+    Argentine Army Chief of Staff Hector Rios Erenu said he
+would begin moving troops for a possible military operation to
+put down the almost three-day old rebellion.
+    Interior Minister Antonio Troccoli said the government
+would seek parliamentary approval of the state of siege "unless
+there is something unexpected that justifies more urgent
+treatment."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1437" NEWID="16902">
+<DATE>17-APR-1987 14:55:33.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0403&#31;reute
+r f BC-ZIMBABWE-UNITY-TALKS   04-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIMBABWE UNITY TALKS OFF, MUGABE SAYS</TITLE>
+<DATELINE>    HARARE, April 17 - </DATELINE><BODY>Prime Minister Robert Mugabe of Zimbabwe
+said he suspended key talks to unite his ruling ZANU-PF party
+and opposition PF-ZAPU party.
+    "I am sorry to say we have been deadlocked for too long on
+the question of unity, and the central committee of my party
+has recently decided that the talks be discontinued for they
+are serving no purpose," he said in a nationwide
+radio-and-television address.
+    The collapse of the unity talks, widely expected to have
+heralded creation of a socialist, one-party state, was a major
+setback for the government, diplomats said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1438" NEWID="16903">
+<DATE>17-APR-1987 15:22:40.82</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0405&#31;reute
+b f BC-/WHITE-HOUSE-SAYS-U.S   04-17 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE SAYS U.S. MONETARY POLICY CORRECT</TITLE>
+<DATELINE>    SANTA BARBARA, Calif, April 17 - </DATELINE><BODY>The White House,
+distancing itself from remarks by the administration's budget
+chief, said the Federal Reserve's current course of monetary
+policy was appropriate.
+    "The administration feels that the current course of
+monetary policy is appropriate," White House spokesman Marlin
+Fitwater said.
+    Fitzwater said the administration did not endorse remarks
+by White House budget chief James Miller, who said he was
+concerned the Federal Reserve might overreact to the decline in
+the value of the U.S. dollar by raising interest rates.
+ More
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1439" NEWID="16904">
+<DATE>17-APR-1987 15:23:17.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>philippines</D><D>argentina</D><D>brazil</D><D>mexico</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0406&#31;reute
+r f BC-BANKS-TRY-TO-CALM-MAN   04-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS TRY TO CALM MANILA'S FURY OVER DEBT DEAL</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>Senior U.S. bankers are seeking to
+calm the furore in the Philippines caused by the terms of
+Argentina's new financing package, but a source in New York
+close to the Manila government said finance minister Jaime
+Ongpin is in no mood for compromise.
+    Ongpin is angry because the banks granted Argentina an
+interest rate spread of 13/16 pct, the same as Mexico won, just
+weeks after telling the Philippines that it must accept 7/8 pct
+because the Mexican margin could never be repeated.
+    Bankers acknowledged the political sensitivity of the
+interest spread but urged Ongpin to examine the Argentine
+package in its entirety.
+    Argentina, for instance, is offering banks a 3/8 pct
+participation fee if they sign up for the deal within 30 days
+(declining to 1/8 pct if banks commit within 60 days), which
+boosts the all-in interest rate it is paying on the package.
+    "You can make the case that the deal is not 13/16 pct," one
+banker said. Another, referring to the Philippine debt
+negotiators, said "The only reason they'd have to come back to
+New York is political, not economic."
+    Ongpin has said as much himself, estimating that an extra
+1/16 percentage point would cost just 5.1 mln dlrs a year.
+    But the source close to the Philippines said Ongpin's anger
+goes beyond the dollars. He said the minister feels personally
+betrayed by bankers who insisted Mexico's 13/16 pct was a
+rock-bottom spread that could not be duplicated. Top U.S.
+Treasury and Federal Reserve officials had said the same.
+    The source said Ongpin is unlikely to come to the U.S. to
+press his case and was expecting the Philippines' bank advisory
+committee, headed by Manufacturers Hanover Trust Co, to
+negotiate the spread reduction by telex.
+    Ongpin has not said the Philippines will unilaterally start
+paying interest at the lower rate but has made it clear to the
+committee in a telex that he is not prepared to pay more than
+Mexico and Argentina, the source said.
+    "The Philippines really means business on this. I don't
+think there's much room for compromise," he said.
+    Manufacturers Hanover declined to comment on the issue.
+    The Philippines last month won an agreement to reschedule
+10.3 billion dlrs of debt over 17 years at an interest rate of
+7/8 pct, whereas some 30 billion dlrs in old Argentine debt
+will be stretched out over 19 years with a spread of 13/16 pct.
+    Bankers said they were forced to break their word because
+political circumstances had changed in the past few weeks.
+    In particular, they said it had become clear that Argentina
+was serious about its threat to suspend interest payments
+unless it got a good deal. Fearing that an Argentine moratorium
+would stiffen the resolve of its neighbour Brazil, which has
+already suspended payments, the banks, at the urging of the
+Reagan Administration, bowed to Argentina's demands.
+    Some U.S. bankers argued that, regardless of politics, the
+rich menu of options in the Argentine package makes it
+attractive enough to justify a 13/16 pct rescheduling rate.
+    "When they (the Philippines) see the whole package, they
+may realize that this is not a Mexican deal," one banker said
+of the Argentine agreement.
+    The Argentine pact contains several features that were not
+in the Mexican accord such as "exit bonds," an option to
+provide new money via bearer bonds, a trade facility, onlending
+provisions and a debt-equity conversion scheme.
+    Moreover, Argentina is requesting only 1.95 billion dlrs in
+new loans, compared with Mexico's 7.7 billion, and is paying
+7/8 pct for most of the money instead of the 13/16 pct charged
+to Mexico.
+    This line of argument cuts no ice with the Filipinos, who
+note drily that they asked for no new money at all.
+    "The banks reacted on the level of politics to Argentina
+and try to justify it in terms of economics, and now they're
+going to have problems with both the Philippines and
+Venezuela," said the source close to the Manila government.
+    Because of the Easter holidays bankers have not yet got an
+official reaction from Venezuela, which is also paying 7/8 pct
+on its 20.2 billion dlr rescheduling. But they acknowledged
+that Caracas, which was also told that the Mexico spread was
+inviolate, is quite likely to demand a lower spread.
+    Bankers were more sanguine in the case of Chile.
+    Because it is under fire for its human-rights record, the
+government of General Augusto Pinochet is unlikely to attract
+attention to itself by seeking to renegotiate its recent debt
+package, which carries interest of one pct, bankers said.
+    They hope that, once tempers cool, the Philippines will
+also accept that reopening an agreement that took 4-1/2 tough
+months to negotiate will be more trouble than it is worth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1440" NEWID="16905">
+<DATE>17-APR-1987 15:28:09.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0412&#31;reute
+r f BC-gulf-and-western   04-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF AND WESTERN &lt;GW> RESPONDS TO VALVE SUIT</TITLE>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>Gulf and Western Inc &lt;GW> said it
+believes it has no liability under an earlier reported lawsuit
+seeking 500 mln dlrs in damages against it and two other
+companies.
+    The suit, filed by Niagara Mohawk Power Corp and other
+owners of the Nine Mile Point Two nuclear plant, concerns the
+design and fabrication of the ball valve system for the
+facility.
+    "Niagara Mohawk appears to be trying to shift their
+responsibilities in connection with the construction of the
+Nine Mile Point Two plant to others," Gulf and Western said.
+    Gulf and Western said it has not yet seen the lawsuit.
+    The company said a subsidiary no longer owned by it sold
+the valves in question in 1977. Since then, the valves have
+been subject to substantial modifications by others, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1441" NEWID="16906">
+<DATE>17-APR-1987 15:37:10.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0419&#31;reute
+r f BC-SEC   04-17 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER BALDWIN-UNITED CHIEF SETTLES SEC CHARGE</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>The former chief executive officer
+of Baldwin-United Corp, now known as PHLCorp &lt;PHX>, agreed to
+settle charges stemming from misleading financial statements
+the company is accused of making before it collapsed in 1983.
+    Under the settlement with the Securities and Exchange
+Commission, former Baldwin-United President Morley Thompson
+agreed to an order issued by the U.S. District Court in
+Cincinnati, Ohio, barring him from committing further
+securities law violations.
+    Thompson did not admit or deny the charges.
+    Although Thompson was the last of several defendants to
+settle charges brought by the SEC on September 26, 1985 in
+connection with the Baldwin-United case, the agency said it is
+continuing to investigate other matters related to the company
+and may bring charges against other people.
+    Baldwin-United, a Cincinnati-based diversified financial
+services holding company, went bankrupt in September 1983. It
+changed its name last November to PHLCorp.
+    The SEC said Thompson violated reporting and anti-fraud
+provisions of federal securities laws in late 1982 by issuing
+misleading press releases.
+    Baldwin-United, which has already settled SEC charges
+brought against it, made "false statements concerning the
+financing for two corporate acquisitions," the SEC said.
+    The statements indicated that the company had available
+cash for the takeovers while it was actually facing a "serious
+cash flow crisis," it said.
+    The company was also accused of filing false and misleading
+financial statements with the SEC.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1442" NEWID="16907">
+<DATE>17-APR-1987 16:13:42.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0427&#31;reute
+b f BC-/WHITE-HOUSE-LISTS-TA   04-17 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE LISTS TARIFFS ON JAPANESE GOODS</TITLE>
+<DATELINE>    SANTA BARBARA, Calif, April 17 - </DATELINE><BODY>The White House issued a
+list of Japanese exports to covered by the 100 pct tariffs
+imposed by President Reagan.
+    - Automatic data processing machines (1986 imports worth
+180 mln dlrs), including certain desk and lap models with
+microprocessor-based calculating mechanism capable of handling
+words of at least 16-bits off the microprocessor;
+    - Complete color television sets, with 18, 19 or 20 inch
+screens (1986 imports 90 mln dlrs);
+    - Power tools, including certain drills, percussion
+hammers, sanders, polishers, grinders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1443" NEWID="16908">
+<DATE>17-APR-1987 16:18:11.96</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A C M
+&#22;&#22;&#1;f0428&#31;reute
+b f US-BUSINESS-LOAN-FULLOUT   04-17 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUSINESS LOANS FALL 1.08 BILLION DLRS</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>Business loans on the books of major
+U.S. banks, excluding acceptances, fell 1.08 billion dlrs to
+276.37 billion dlrs in the week ended April 8, the Federal
+Reserve Board said.
+    The Fed said that business loans including acceptances fell
+1.1 billion dlrs to 278.67 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1444" NEWID="16909">
+<DATE>17-APR-1987 16:21:23.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0430&#31;reute
+u f BC-COMMUNICATIONS-SATELL   04-17 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNICATIONS SATELLITE CORP &lt;CQ> 1ST QTR NET</TITLE>
+<DATELINE>    WASHINGTON, April 17 -
+    </DATELINE><BODY>shr 46 cts vs 76 cts
+    div 30 cts vs 30 cts prior
+    net 8.5 mln vs 14.0 mln
+    NOTE: 1987 qtr net is after a 5.5 mln dlr reserve for a
+potential refund as a result of the Federal Communications
+Commission's continuing rate investigation. company said it
+believes any refunds it may have to make would not materially
+affect its financial position.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1445" NEWID="16910">
+<DATE>17-APR-1987 16:21:29.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0431&#31;reute
+r f BC-AMERICAN-MANAGEMENT-S   04-17 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MANAGEMENT SYSTEMS &lt;AMSY.O> 1ST QTR NET</TITLE>
+<DATELINE>    ARLINGTON, VA., April 17 -
+    </DATELINE><BODY>shr 21 cts vs 18 cts
+    net 1,068,000 vs 902,000
+    revs 38.1 mln vs 29.7 mln
+    avg shrs 5,177,000 vs 5,120,000
+    NOTE: shr reflects 2-for-1 stock split on June 9, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1446" NEWID="16911">
+<DATE>17-APR-1987 16:26:45.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0432&#31;reute
+r f BC-HYTEK-MICROSYSTEMS-IN   04-17 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYTEK MICROSYSTEMS INC &lt;HTEK.O> 1ST QTR LOSS</TITLE>
+<DATELINE>    LOS GATOS, CALIF., April 17 -
+    </DATELINE><BODY>shr loss 17 cts vs loss 14 cts
+    net loss 467,000 vs loss 400,000
+    revs 3,856,000 vs 3,423,000
+    avg shrs 2,821,000 vs 2,797,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1447" NEWID="16912">
+<DATE>17-APR-1987 16:26:56.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0433&#31;reute
+r f BC-TVI-CORP-&lt;TVIE.O>-YEA   04-17 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TVI CORP &lt;TVIE.O> YEAR 1986 LOSS</TITLE>
+<DATELINE>    BELTSVILLE, MD., April 17 -
+    </DATELINE><BODY>shr loss 38 cts vs profit two cts
+    net loss 2,254,533 vs profit 106,621
+    revs 3,430,970 vs 4,104,506
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1448" NEWID="16913">
+<DATE>17-APR-1987 16:27:35.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0434&#31;reute
+r f BC-RIGGS-NATIONAL-CORP-&lt;   04-17 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIGGS NATIONAL CORP &lt;RIGS.O> 1ST QTR NET</TITLE>
+<DATELINE>    WASHINGTON, April 17 -
+    </DATELINE><BODY>shr 73 cts vs 1.03 dlrs
+    net 10,245,000 vs 12,364,000
+    avg shrs 13,981,024 vs 11,968,524
+    assets 6.07 billion vs 5.22 billion
+    loans 2.92 billion vs 2.45 billion
+    deposits 4.78 billion vs 4.14 billion
+    NOTE: gain from sale of securities 4.6 mln vs 12.8 mln.
+loan loss provision 100,000 dlrs vs 7.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1449" NEWID="16914">
+<DATE>17-APR-1987 16:31:42.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f0435&#31;reute
+r f BC-FINLAND   04-17 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINLAND FILES FOR 550 MLN DLR DEBT OFFERING</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>The Republic of Finland filed with
+the Securities and Exchange Commission for a shelf offering of
+up to 550 mln dlrs of debt securities, including notes and
+bonds, and/or warrants to buy debt securities on terms to be
+determined at the time of the sale.
+    The offering is in addition to 50 mln dlrs of debt
+securities already registered with the SEC but unsold.
+    Proceeds from the sale will be used to finance capital
+investment and the promotion of productive investments and
+exports designed to strengthen the country's balance of
+payments, the government said. No underwriter was named.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1450" NEWID="16915">
+<DATE>17-APR-1987 16:31:54.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0436&#31;reute
+d f BC-GRUMMAN-CORP-&lt;GQ>-GET   04-17 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRUMMAN CORP &lt;GQ> GETS 77 MLN DLR NAVY CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>Grumman Aerospace Corp is being
+awarded a 77 mln dlr increment to a Navy contract related to
+fiscal 1988 A-6F aircraft production, the Defense Department
+said.
+    It said work on the contract is expected to be completed in
+October 1990.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1451" NEWID="16916">
+<DATE>17-APR-1987 16:32:59.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0440&#31;reute
+r f BC-NORTHWEST-NATURAL-GAS   04-17 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHWEST NATURAL GAS CO &lt;NWNG.O> 1ST QTR NET</TITLE>
+<DATELINE>    PORTLAND, ORE., April 17 -
+    </DATELINE><BODY>shr 1.35 dlrs vs 1.27 dlrs
+    div 39 cts vs 39 cts prior
+    net 14,291,000 vs 13,211,000
+    revs 52.6 mln vs 51.1 mln
+    avg shrs 10,234,000 vs 9,936,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1452" NEWID="16917">
+<DATE>17-APR-1987 16:33:15.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0441&#31;reute
+r f BC-KENTUCKY-CENTRAL-&lt;KEN   04-17 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENTUCKY CENTRAL &lt;KENCA.O> UNIT SELLS STATIONS</TITLE>
+<DATELINE>    LEXINGTON, Ken., April 17 - </DATELINE><BODY>Kentucky Central Life Insurance
+Co said its Bluegrass Broadcasting Co Inc subsidiary has agreed
+to sell two Orlando, Fla., radio stations to TK Communications
+Inc for 13.5 mln dlrs, subject to FCC approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1453" NEWID="16918">
+<DATE>17-APR-1987 16:33:19.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0442&#31;reute
+r f BC-KIMBARK-OIL-AND-GAS-C   04-17 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KIMBARK OIL AND GAS CO &lt;KIMB.O> 1986 YEAR LOSS</TITLE>
+<DATELINE>    DENVER, April 17 -
+    </DATELINE><BODY>shr loss 57 cts vs loss 2.88 dlrs
+    net loss 3,442,000 vs loss 13,750,000
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1454" NEWID="16919">
+<DATE>17-APR-1987 16:33:36.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0443&#31;reute
+r f BC-PROPOSED-OFFERINGS   04-17 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>The following proposed securities
+offerings were filed recently with the Securities and Exchange
+Commission:
+    General Instrument Corp &lt;GRL> - Offering of 150 mln dlrs of
+convertible subordinated debentures due 2012 through an
+underwriting group led by Lazard Freres and Co
+    Dillard Department Stores Inc &lt;DDSA> - Shelf offering of up
+to 100 mln dlrs of debt securities, including debentures and
+notes, and a shelf offering of another 100 mln dlrs of debt
+securities by its Dillard Investment Co Inc subsidiary, both
+through Goldman, Sachs and Co.
+    Sara Lee Corp &lt;SLE> - Shelf offering of up to 1.0 mln
+shares of common stock through Morgan Stanley and Co Inc and
+Goldman, Sachs and Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1455" NEWID="16920">
+<DATE>17-APR-1987 16:34:16.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0444&#31;reute
+r f BC-TRACOR-INC-&lt;TRR>-GETS   04-17 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRACOR INC &lt;TRR> GETS 60.1 MLN DLR NA</TITLE>
+VY CONTRACT
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>Tracor Applied Sciences, a division
+of Tracor Inc, is being awarded a 60.1 mln dlr contract for the
+design and development of Radio Communication Suites for the
+Aegis CG-60 through CG-70 ships, the Defense Department said.
+    It said work on the contract is expected to be completed in
+1992.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1456" NEWID="16921">
+<DATE>17-APR-1987 16:44:50.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0445&#31;reute
+r f BC-SOUTHERN-NATIONAL-COR   04-17 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN NATIONAL CORP &lt;SNAT.O> 1ST QTR NET</TITLE>
+<DATELINE>    LUMBERTON, N.C., April 17 -
+    </DATELINE><BODY>shr 47 cts vs 46 cts
+    net 3,470,859 vs 3,454,577
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1457" NEWID="16922">
+<DATE>17-APR-1987 16:45:23.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0446&#31;reute
+r f BC-FIRST-BANK-SYSTEM-&lt;FB   04-17 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST BANK SYSTEM &lt;FBS> SELLS LEWISTON BANK</TITLE>
+<DATELINE>    MINNEAPOLIS, April 17 - </DATELINE><BODY>First Bank System said it has
+agreeed to sell its First Bank Lewiston subsidiary, of
+Lewiston, Mont., to two local bankers for undisclosed terms.
+    First Bank Lewiston has assets of 101.4 mln dlrs at the end
+of the first quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1458" NEWID="16923">
+<DATE>17-APR-1987 17:04:38.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0447&#31;reute
+r f BC-SYNCOR   04-17 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICN &lt;ICN> HAS FIVE PCT OF SYNCOR &lt;SCOR.O></TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>ICN Pharmaceuticals Inc told the
+Securities and Exchange Commission it has acquired 556,500
+shares of Syncor International Corp, or 5.0 pct of the total
+outstanding common stock.
+    ICN said it bought the stake for 3.9 mln dlrs as an
+investment and has no plans to seek control of the company or
+to participate in the management of it.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1459" NEWID="16924">
+<DATE>17-APR-1987 17:11:14.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0448&#31;reute
+u f BC-/JAPAN-SAYS-IT-IS-DIS   04-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SAYS IT IS DISAPPOINTED WITH TARIFFS</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>The Japanese Embassy said in a
+statement it was "deeply disappointed" by the tariffs announced
+by President Reagan in retaliation for Japan's not honoring its
+semiconductor agreement with the United States.
+    It said Japan had been fully implementing the pact to end
+dumping semiconductors in world markets and to open its home
+market to U.S. goods and the results were starting to show.
+    The embassy said Japan would complain to the General
+Agreement on Tariffs and Trade, as it said it would, and seek
+new talks with Washington to resolve the issue as soon as
+possible.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1460" NEWID="16925">
+<DATE>17-APR-1987 17:15:36.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0449&#31;reute
+u f BC-CYCLOPS   04-17 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIXONS EXPLORING SALE OF CYCLOPS &lt;CYL> UNIT</TITLE>
+<DATELINE>     WASHINGTON, April 17 - </DATELINE><BODY>Dixons Group Plc &lt;DXNS.L>, the
+British concern that recently acquired operational control of
+Cyclops Corp, said it is exploring the possibility of selling
+the Cyclops subsidiary, Busy Beaver Building Centers Inc.
+    In a filing with the Securities and Exchange Commission,
+Dixons said it has determined to explore the possibility of the
+sale following its preliminary review of the business and
+activities of Cyclops.
+    Busy Beaver Building Centers is a Pittsburgh, Pa., lumber
+and building materials company. Dixons won control of Cyclops
+with a 95 dlr a share tender offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1461" NEWID="16926">
+<DATE>17-APR-1987 17:16:14.83</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>taiwan</D><D>south-korea</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0450&#31;reute
+u f BC-/JAPANESE-TARIFFS-SEE   04-17 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE TARIFFS SEEN AS WORLDWIDE WARNING</TITLE>
+<AUTHOR>    By Robert Trautman, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>The tough trade sanctions President
+Reagan imposed on Japanese exports are not only a shot across
+Japan's bow but also a sign Reagan will attack unfair trade
+practices worldwide, U.S. officials said.
+    But Robert Crandall, a trade specialist at Brookings
+Institution, a think tank, said "a shot across their bow can
+often result in a shot in our stern."
+    He said it left the United States open to retaliation.
+    The U.S. officials said the 100 pct tariffs Reagan ordered
+on 300 mln dlrs worth of Japanese goods will also show Congress
+that a tough pro-trade stand can be taken under existing laws,
+and no new protectionist legislation is needed.
+    In the past year tough trade action had been taken against
+the European Community over corn and sorghum, Taiwan over beer
+and wine, South Korea over counterfeiting of copyrights,
+patents and trademarkets and Japan on tobacco.
+    White House spokesman Marlin Fitzwater told reporters the
+tariffs - up from five pct - should be seen as a "serious signal"
+to other nations on the need for fair trade practices.
+    Reagan said he imposed the sanctions on certain computers,
+television sets and some hand tools because Japan did not honor
+an agreement to end dumping semiconductors in world markets at
+less than cost and to open its markets to U.S. products. The
+tariffs were placed on items which were available from other
+sources so there would be little effect on the American
+consumer, Fitzwater said.
+    Reagan has come under heavy pressure to take tougher action
+- especially against Japan - to end global unfair trade
+practices and reverse the growing U.S. trade deficit.
+    The alternative was that if he did not, Congress would.
+    The U.S. trade gap last year was a record 169.8 billion
+dlrs, and continues to rise, with Japan accounting for about
+one-third of America's overall deficit.
+    But there are other two-way deficits - with Canada, West
+Germany, Taiwan and South Korea - and Reagan officials said the
+president is ready to fight them all.
+    Reagan said in announcing the sanctions today that "I regret
+that these actions are necessary," but that the health and
+vitality of the U.S. semiconductor industry was essential to
+American competitiveness in world markets.
+    "We cannot allow it to be jeopardized by unfair trading
+practices," Reagan added in the statement from his California
+vacation home at Santa Barbara.
+    He said the tariffs would remain in force until Japan
+abided by the agreement.
+    U.S. officials say the action today will show Congress -
+which is about to write a trade bill he does not like - that he
+already has the tools needed to fight unfair trade.
+    The White House aide said of the tariff action, "it wasn't
+done to appease Congress, but because there was an unfair trade
+practice."
+    The aide added, however, "on another plane, it was an
+example of how the administration uses the trade law to fight
+unfair practices, an that it is not necessary to make a major
+overall of our trade laws."
+    But the analyst, Crandall, said the tariff action was not
+in the best interests of the United States, and that
+negotiations should have been pursued to resolve the issue.
+    "It's very dangerous to go down the retaliatory route," he
+said, "because it leads to more retaliation and restrictions in
+trade."
+    Crandall said, "the administration is doing this for its
+political impact across the country, and therefore its impact
+on Congress."
+    He said, "I don't think it makes a lot of sense."
+    But other analysts said it made little difference whether
+the tariffs were aimed at U.S. trading partners or Congress,
+and that the main point was that the trading partners were on
+notice that retaliation was a weapon Reagan was ready to use.
+    Spokesman Fitzwater said "we don't want a trade war," but the
+imposition of sanctions showed the United States would act when
+it had evidence that trade pacts were being violated.
+    Crandall said, "the administration is doing this for its
+political impact across the country, and therefore its impact
+on Congress."
+    He said, "I don't think it makes a lot of sense."
+    But other analysts said it made little difference whether
+the tariffs were aimed at U.S. trading partners or Congress,
+and that the main point was that the trading partners were on
+notice that retaliation was a weapon Reagan was ready to use.
+    Spokesman Fitzwater said "we don't want a trade war," but the
+imposition of sanctions showed the United States would act when
+it had evidence that trade pacts were being violated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1462" NEWID="16927">
+<DATE>17-APR-1987 17:30:45.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0459&#31;reute
+r f BC-DIAMOND-SHAMROCK-&lt;DIA   04-17 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND SHAMROCK &lt;DIA> TO REDEEM DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, April 17 - </DATELINE><BODY>Diamond Shamrock Corp said it will
+redeem May 29 the entire outstanding amounts of three separate
+sinking fund debenture issues.
+    The company will buy back its outstanding 79.7 mln dlrs of
+7.70 pct debentures of 2001 at 103.20 pct of par value plus
+accrued interest, 59.9 mln dlrs of nine pct debentures due 1999
+at 103.15 pct per principal amount plus accrued interest, and
+50 mln dlrs of 9-1/8 pct debentures of 2000 at 103.625 pct of
+par value plus accrued interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1463" NEWID="16928">
+<DATE>17-APR-1987 17:48:22.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM A V
+&#22;&#22;&#1;f0462&#31;reute
+u f AM-trials 4thld  04-17 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE TROOPS END UPRISING</TITLE>
+<DATELINE>    BUENOS AIRES, April 17 - </DATELINE><BODY>Rebellious troops in the central
+city of Cordoba called off an uprising against President Raul
+Alfonsin's government, the army command said.
+    Congressional leaders said that it would probably not be
+necessary therefore to declare a state of siege.
+     Military officers earlier said army units in Buenos Aires
+and Misiones provinces had supported the Cordoba regiment, the
+focal point of the uprising. The troops were objecting to human
+rights trials.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1464" NEWID="16929">
+<DATE>17-APR-1987 19:17:30.32</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0464&#31;reute
+u f BC-/YEUTTER-ALMOST-SURE   04-17 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YEUTTER ALMOST SURE JAPAN WILL NOT RETALIATE</TITLE>
+<DATELINE>    WASHINGTON, April 17 - </DATELINE><BODY>U.S. Trade Representative Clayton
+Yeutter said he was almost sure Japan would not retaliate
+against tariffs President Reagan slapped on 300 mln dlrs of
+Japanese electronic goods today.
+    "I'd say it's 99 plus pct sure that it (the tariffs) will
+not provoke a retaliation on American products," Yeutter told
+Cable News Network.
+    "Japan has far too much at stake in this relationship (with
+the United States) to seriously entertain thoughts of
+retaliation," Yeutter said.
+    Earlier today, Reagan 
+imposed 100 pct tariffs on a range of
+Japanese goods in retaliation for Japan's alleged violation of
+a bilateral pact governing semiconductor trade.
+    Yeutter did say that U.S. farm products would be targeted
+if Tokyo decided to hit back.
+    "If they (Japan) were to retaliate, it would probably be on
+something like American agricultural products," he said.
+    "But I really think the chances of that happening are
+between slim and none," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1465" NEWID="16930">
+<DATE>17-APR-1987 21:56:19.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0470&#31;reute
+b f BC-RADIO-REPORTS-SHOOTIN   04-17 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RADIO REPORTS SHOOTING AT MANILA ARMY HEADQUARTERS</TITLE>
+<DATELINE>    MANILA, April 18 - </DATELINE><BODY>Shooting erupted at Philippine army
+headquarters early this morning, an independent Manila radio
+station said.
+    Radio DZRH said it was checking unconfirmed reports that
+about 120 mutineers had surrounded an office building inside
+Fort Bonifacio.
+    An officer told Reuters an alert had been sounded at the
+camp.
+    A Reuter reporter at the camp said the gates had been
+sealed and guards were preventing anyone from going inside.
+REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1466" NEWID="16931">
+<DATE>17-APR-1987 22:21:26.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0471&#31;reute
+b f BC-ARMY-REBELS-OCCUPY-MA   04-17 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMY REBELS OCCUPY MANILA HQ</TITLE>
+<DATELINE>    MANILA, April 18 - </DATELINE><BODY>A truckload of heavily-armed rebel
+soldiers forced their way into Philippine army headquarters and
+freed several men held prisoner in the camp since a January
+revolt, military sources said.
+    The sources told Reuters an estimated 100 rebels were
+occupying the headquarters building at Fort Bonifacio and
+forces loyal to President Aquino had surrounded the building
+urging them to surrender.
+    An independent radio station reported gunfire at the camp.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1467" NEWID="16932">
+<DATE>17-APR-1987 22:27:23.12</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>tamura</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0472&#31;reute
+b f BC-JAPAN-WILL-NOT-RETALI   04-17 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN WILL NOT RETALIATE NOW AGAINST U.S. TARIFFS</TITLE>
+<DATELINE>    TOKYO, April 18 - </DATELINE><BODY>Japan does not plan to take immediate
+retaliatory action against implementation of U.S. Tariffs on
+some Japanese electronic goods, the minister of international
+trade and industry, Hajime Tamura, said in a statement.
+    Japan requested bilateral consultations in accordance with
+Article 23-1 of the General Agreement on Tariffs and Trade
+(GATT) in Washington yesterday.
+    Tamura said there was deep regret over the U.S. Measures,
+which will impose 100 pct tariffs on about 300 mln dlrs worth
+of Japanese imports of some small computers, colour television
+sets and power tools.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1468" NEWID="16933">
+<DATE>17-APR-1987 22:43:51.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0475&#31;reute
+u f BC-TAIWAN-ISSUES-MORE-CD   04-17 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ISSUES MORE CDS TO CURB MONEY SUPPLY GROWTH</TITLE>
+<DATELINE>    TAIPEI, April 18 - </DATELINE><BODY>The central bank has issued 5.3 billion
+Taiwan dlrs of certificates of deposits (CDs), boosting CD
+issues so far this year to 140.42 billion compared with 16
+billion issued in the same 1986 period.
+    The new CDs, with maturities of six months, one year and
+two years, carry interest rates ranging from 4.07 to 5.12 pct,
+a bank spokesman told Reuters.
+    The issues are aimed at helping curb the growth of M-1b
+money supply, the result of large foreign exchange reserves now
+at more than 53 billion U.S. Dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1469" NEWID="16934">
+<DATE>17-APR-1987 22:45:31.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0477&#31;reute
+u f BC-FOREIGN-INVESTMENT-RI   04-17 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREIGN INVESTMENT RISES IN MALAYSIA</TITLE>
+<DATELINE>    KUALA LUMPUR, April 18 - </DATELINE><BODY>Foreign investment in Malaysia in
+1986 rose to 524.5 mln ringgit, the highest since 1971, from
+324.9 mln in 1985, the Malaysian Industrial Development
+Authority, MIDA, said.
+    MIDA director-general N. Sadasivan said the increase was
+due to large investment from the Netherlands in a 180.3 mln
+ringgit petrochemical project in Bintulu, national news agency
+Bernama reported.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21585" NEWID="16935">
+<DATE>21-APR-1987 01:17:45.69</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-BALDRIGE-PRAISES-NEW   04-21 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE PRAISES NEW SOUTH KOREAN TRADE POLICIES</TITLE>
+<AUTHOR>    By Roger Crabb, Reuters</AUTHOR>
+<DATELINE>    SEOUL, April 21 - </DATELINE><BODY>U.S. Commerce Secretary Malcolm Baldrige
+praised South Korea's new surplus-cutting trade policies but
+warned of possible protectionist retaliation if Seoul's market
+liberalisation efforts falter or fail.
+    In a press conference after talks with South Korean
+leaders, Baldrige called the government's announced intention
+to regulate exports and boost imports "a very, very important
+step, the right direction for the Korean government to take."
+    The government adopted the new policies last week in the
+hope of heading off a trade war with the U.S.
+    Baldrige said the policies "showed an understanding of the
+fact that this country cannot go on indefinitely growing by
+exports alone."
+    "There has to be enough of a change so that domestic growth
+begins to take more of the load," he said.
+    South Korea had a 7.2 billion dlr trade surplus with
+Washington in 1986, thanks largely to booming sales of cars and
+consumer electronic goods. It racked up another 1.4 billion
+dlrs in surplus in the first quarter of this year.
+    Baldrige said Seoul's package of measures was "broad enough
+and comprehensive enough so that ... Actions can be taken for
+liberalising imports (and) increasing the domestic economy, if
+the government is willing to follow through."
+    "We will be watching the implementation of this new policy
+direction very closely," he said. "Because of the protectionism
+growing in the U.S., We see a real problem if Korea does not
+keep on the same path ... Of steadily increasing
+liberalisation.... If that should falter or fail or turn
+backward, I'm as sure as I'm standing here that we'd see
+protectionist movement in the U.S."
+    Baldrige said he and South Korean Trade Minister Rha
+Woong-bae spent much time discussing trade problems in specific
+product categories.
+    These included service industries, which he said were still
+too much of a closed sector in South Korea, and computers and
+cars. Baldrige said he urged speedy action on removing the
+tariffs and taxes on imported U.S. Cars which can make them
+sell for up to three times their American prices.
+    "We want to stop that. With this sort of thing, there's
+going to be trouble somewhere down the road," he said. "We are
+just pointing this out."
+    Asked if Seoul's measures could succeed without a
+revaluation of the won, which Washington has been urging for
+months, Baldrige declined to comment. "We don't have any target
+for any particular currency, but we do feel that currencies
+around the world, if we are going to be successful as a world
+economy, have to reflect the fundamentals of the various
+economies involved," he said.
+    Baldrige said he had agreed to Rha's proposal for
+cooperation on forming U.S.-South Korean joint ventures in
+third countries. The American government would be pleased to
+encourage U.S. Firms to get involved, he added.
+    Commenting on President Reagan's decision to increase
+tariffs on certain Japanese imports to the U.S., Baldrige said
+Washington's trade problems with Japan were not comparable to
+its difficulties with South Korea.
+    "I think the attitude in Korea is both reasonable and fair,"
+he said. "It's a firm attitude. We don't get anything for
+nothing or just by asking for it.
+    "But our negotiations are friendly and reasonable and they
+usually end up with something good happening at the end that
+both countries live up to."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21586" NEWID="16936">
+<DATE>21-APR-1987 01:51:16.09</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0053&#31;reute
+u f BC-PAKISTAN-INVITES-TEND   04-21 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN INVITES TENDERS FOR 15,000 TONNES RICE</TITLE>
+<DATELINE>    KARACHI, April 21 - </DATELINE><BODY>Rice Export Corp of Pakistan Ltd said
+it had invited tenders up to May 7 for the export of 15,000
+tonnes of rice from the 1985-86 (November/March) crop.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21587" NEWID="16937">
+<DATE>21-APR-1987 01:59:57.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>china</D><D>taiwan</D><D>vietnam</D><D>india</D><D>usa</D></PLACES>
+<PEOPLE><D>fujioka</D></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0055&#31;reute
+u f BC-ADB'S-FUJIOKA-SAYS-ST   04-21 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADB'S FUJIOKA SAYS STALEMATE WITH TAIWAN CONTINUES</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, April 21 - </DATELINE><BODY>The Asian Development Bank (ADB) will
+not change its decision to admit China as a member despite
+protests from founder member Taiwan, bank president Masao
+Fujioka said.
+    China's admission in March 1986 and the decision of the
+bank to change Taiwan's name to 'Taipei, China' caused a
+Taiwanese boycott of the ADB's last annual meeting in Manila.
+    Fujioka told Reuters in an interview that Taiwan had been
+invited to the bank's 20th annual meeting starting April 27 in
+Osaka, "but the situation remains the same."
+    "The bank's board agreed to change Taiwan's name to 'Taipei,
+China'," Fujioka said.
+    "We have tried to maintain our channels of communication
+through the Taiwanese director, but we are not negotiating with
+a view to changing our agreement with China," he said.
+    ADB figures show China has the largest shareholding among
+the bank's developing members, with 7.2 pct of its equity.
+    Fujioka said a stalemate also continued with Vietnam, which
+complained at last year's meeting that for several years the
+ADB had unilaterally stopped advancing loans.
+    An ADB spokesman said the last loan of 40.67 mln dlrs was
+made to the then Republic of Vietnam (South Vietnam) in 1974.
+    Vietnam said last year that only 23 mln dlrs of that loan
+were disbursed.
+    The bank's 1986 annual report said of 11 loans approved for
+Vietnam, eight had been closed, two were suspended and only one
+was under administration at the end of 1986.
+    Cumulative disbursements to Vietnam at the end of 1986
+totalled 25.3 mln dlrs, or 99.5 pct of the total amount of
+effective loans, the report said.
+    "The situation (in Vietnam) is not conducive to bank
+operations," Fujioka said. "Vietnam continues to be a member. We
+would like to help it, but new loans seem to be difficult."
+    "It's not a question of political instability, the
+environment has to be right for banking operations."
+    He said with the first loans made to India in 1986, and
+lending operations in China scheduled to start this year, the
+ADB had now acquired a "truly Asian" character.
+    Although China's finance ministry had gained five years of
+experience in borrowing from the World Bank, ADB loans would be
+routed through the country's central bank, Fujioka said.
+    "It's been a very slow start," Fujioka said. "We identified
+three projects (in China). One disappeared and we now have only
+two left."
+    He said the ADB might lend China between 200 and 300 mln
+dlrs in 1987 for an investment bank and an energy project.
+    He did not foresee an expansion of lending to India.
+    The ADB in 1986 approved two loans to India totalling 250
+mln dlrs.
+    "There is a sort of agreement that our loans to India should
+be modest and that the World Bank should be the major lender,"
+Fujioka said. He did not give details.
+    Fujioka said the ADB saw its lending to the private sector
+serving as a catalyst. The bank's new private sector division
+in 1986 approved three loans totalling 11.46 mln dlrs without
+government guarantees.
+    In addition, the ADB approved four equity investment
+projects totalling 8.15 mln dlrs. This raised to 15.18 mln the
+cumulative approvals since equity financing commenced in 1983.
+    But Fujioka said the ADB should not compete with private
+banks. "We have a narrow path to walk," he said.
+    He said he was happy with the decision of the bank's donor
+countries to increase the ADB's fund for soft loans.
+    The fourth replenishment of the soft-loan window, the Asian
+Development Fund , brought it to 3.6 billion dlrs, from 3.2
+billion, Fujioka said. In particular the United States has
+maintained its 16 pct share," said the ADB chief.
+    He said there had been disagreements with the U.S., Which
+holds 14.9 pct of the bank's equity, over lending policies. The
+U.S. Complained in 1986 the ADB was granting bad loans in its
+impatience to hit lending targets.
+    "I suspect there is some arm-twisting," he said.
+    "I find some developed countries are more interested in the
+procurement side instead of the development side."
+    Fujioka said he said he foresaw increased sectoral lending
+and a gradual dilution of the ADB's project-tied lending.
+    Fujioka said project lending was expected to drop to 63 pct
+of total loans in 1987, from 66.5 pct in 1986 and 77.5 pct in
+1985. He said sectoral lending was projected to rise to 20 pct
+in 1987, from 12.8 pct in 1986 and 7.5 pct in 1985.
+    He said the bank would try to reduce some of its liquid
+assets by repaying borrowings carrying high interest rates.
+    "On the other hand we must maintain our presence in major
+financial markets," he said. "Why should we not take advantage of
+historically low interest rates?"
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21588" NEWID="16938">
+<DATE>21-APR-1987 02:29:47.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0068&#31;reute
+u f BC-AUSTRALIAN-COAL-EXPOR   04-21 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN COAL EXPORTERS FACE TOUGH JAPAN TALKS</TITLE>
+<DATELINE>    SYDNEY, April 21 - </DATELINE><BODY>Australian coal industry sources said
+Japanese electricity utilities are demanding price cuts in
+annual coal contract negotiations underway in Tokyo.
+    But the sources said they were unable to substantiate
+reports here that one of the largest steaming coal customers
+&lt;Chugoku Electric Power Co Inc> threatened to stop taking
+deliveries until new prices are set.
+    Coal exporters want to maintain last year's 32 U.S. Dlrs a
+tonne price, which expired at the end of Japan's fiscal year on
+March 31, while the Japanese want to pay no more than the 27-28
+U.S. Dlrs secured with China and South Africa.
+    Ross McKinnon, general manager of &lt;Thiess Dampier Mitsui
+Coal Pty Ltd>, which annually exports about one mln tonnes of
+steaming coal to Japan, mainly to Chugoku, told Reuters he had
+not been informed of any refusal to take shipments.
+    McKinnon said he could not recall when a Japanese contract
+had been settled before the previous one had expired, and said
+"controlled leaks" were commonplace during talks.
+    But Australian foreign currency markets took the reports
+seriously enough for dealers to say it added nervousness to
+trading, with the local dollar settling on 0.7080 U.S. Cents at
+midsession against its 0.7120 opening.
+    Coal was Australia's largest single export in the fiscal
+year ended June 30, 1986 with shipments reaching 90.49 mln
+tonnes worth 5.21 billion dlrs, or 15.9 pct of total exports.
+    Japan is the largest customer for the crucial steaming coal
+sector and took 14.97 mln tonnes of total exports of 43.3 mln
+tonnes in calendar 1986.
+    Sydney resources analyst Ian Story said the appreciation of
+the Australian dollar against the U.S. Currency meant steaming
+coal exporters were now receiving just 44.72 dlrs a tonne
+against 52.42 dlrs when last year's contract was negotiated.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21589" NEWID="16939">
+<DATE>21-APR-1987 03:04:02.88</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>thailand</D><D>indonesia</D><D>brunei</D><D>china</D><D>malaysia</D><D>nepal</D><D>india</D><D>iran</D><D>south-korea</D><D>philippines</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>escap</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0093&#31;reute
+u f BC-ASIA-TRYING-TO-FOSTER   04-21 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIA TRYING TO FOSTER OIL EXPLORATION, SAYS U.N.</TITLE>
+<DATELINE>    BANGKOK, April 21 - </DATELINE><BODY>Asian countries are offering better oil
+exploration concessions to avert damaging shortfalls due to
+last year's oil price slump, the United Nations said.
+    The Bangkok-based U.N. Economic and Social Commission for
+Asia and the Pacific said in its annual report that the price
+fall substantially cut exploration by foreign oil firms, which
+found it unprofitable to maintain investments in the region.
+    Oil production investment in Indonesia fell to about 2.8
+billion dlrs in 1985 from 3.2 billion in 1983 and was estimated
+to have declined six pct last year. There were 11 wells drilled
+in Thailand in 1986 against 64 in 1985.
+    The report said &lt;Thai Shell Exploration and Production Co
+Ltd>, a unit of the &lt;Royal Dutch/Shell Group> announced a 30
+pct cut in exploration and production spending last year.
+    To counter declining output, India and Malaysia reduced
+petroleum sharing demands, while Indonesia cut taxes.
+    Nepal offered a guaranteed income share of up to 87.5 pct
+to cover exploration costs, while Thailand began decreasing its
+12.5 pct royalty payments. The big losers were major regional
+exporters such as Indonesia, Brunei, China, Malaysia and Iran.
+Their aggregate oil income fell an estimated 20 billion dlrs in
+1986 from 40 billion the previous year.
+    Indonesia's export earnings fell by nearly half in 1986
+from 11.6 billion dlrs in 1985, the U.N. Report said.
+    Iran also lost about six billion dlrs, Brunei 3.8 billion,
+China three billion and Malaysia 0.8 billion.
+    However, Asian importers saved between eight and nine
+billion dlrs during 1985 and 1986, which considerably eased
+their balance of payments.
+    South Korea, the Philippines, India, Thailand and Pakistan
+were major beneficiaries, with Thailand and Pakistan
+respectively saving about 875 mln and 435 mln dlrs last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21590" NEWID="16940">
+<DATE>21-APR-1987 03:37:48.71</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0140&#31;reute
+r f BC-SWISS-WHOLESALE-PRICE   04-21 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS WHOLESALE PRICES RISE 0.1 PCT IN MARCH</TITLE>
+<DATELINE>    BERNE, April 21 - </DATELINE><BODY>Swiss wholesale prices rose 0.1 pct in
+March after a 0.3 pct fall in February and a 0.8 pct drop in
+March 1986, the Federal Statistics Office said.
+    Prices fell 3.4 pct in the year to March after a 4.3 pct
+decline in the year to February and a 3.5 pct fall in the year
+ended March 1986.
+    The March index, base 1963, was 168.8 compared with 168.5
+in February and 174.7 in March 1986.
+    The Statistics Office said the slight increase in March was
+due to higher prices for energy and consumer goods.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21591" NEWID="16941">
+<DATE>21-APR-1987 03:43:43.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0145&#31;reute
+u f BC-NORTHERN-FOODS-TO-SEL   04-21 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN FOODS TO SELL U.S. UNIT FOR 24 MLN DLRS</TITLE>
+<DATELINE>    LONDON, April 21 - </DATELINE><BODY>Northern Foods Plc &lt;NFDS.L> said its
+&lt;Northserv Inc> unit had agreed to sell &lt;Flagship Cleaning
+Services Inc> to &lt;Best Co Inc> of Nevada for 24.6 mln dlrs
+cash.
+    Completion is due on April 30. Flagship is based in
+Philadelphia and holds the Sears, Roebuck and Co &lt;S> franchise
+for domestic carpet and upholstery cleaning throughout the U.S.
+    In the year to end March, 1986, Flagship - then known as
+KeyServ - reported pre-tax profits of 2.0 mln dlrs with
+end-year assets of 8.4 mln, giving a book profit on disposal of
+16.2 mln.
+    Northern Foods shares were unchanged at 297p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21592" NEWID="16942">
+<DATE>21-APR-1987 04:04:38.00</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0182&#31;reute
+b f BC-BUNDESBANK-SETS-NEW-R   04-21 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK SETS NEW REPURCHASE TENDER</TITLE>
+<DATELINE>    FRANKFURT, April 21 - </DATELINE><BODY>The Bundesbank set a new tender for a
+28-day securities repurchase agreement, offering banks
+liquidity aid at a fixed bid rate of 3.80 pct, a central bank
+spokesman said.
+    Banks must make their bids by 1400 GMT tomorrow and funds
+allocated will be credited to accounts tomorrow, April 22.
+Banks must repurchase securities pledged on May 20.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21593" NEWID="16943">
+<DATE>21-APR-1987 04:18:44.48</DATE>
+<TOPICS><D>grain</D><D>rice</D><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0205&#31;reute
+u f BC-JAPAN-RICE-POLICY-EXT   04-21 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN RICE POLICY EXTREME PROTECTIONISM, LYNG SAYS</TITLE>
+<DATELINE>    TOKYO, April 21 - </DATELINE><BODY>Japan's policy of self-sufficiency in
+rice is an example of extreme protectionism, visiting U.S.
+Agriculture secretary Richard Lyng told a press conference.
+    He told the National Press Club of Japan that because Japan
+had a large export balance, not just with the U.S. But with
+other countries, it was inconsistent for it to be 100 pct
+self-sufficient in one product.
+    Speaking after farm trade talks with Japan agriculture
+minister Mutsuki Kato, Lyng said the U.S. Had not asked for
+total liberalisation of the rice market in Japan.
+    Lyng urged Japan to allow some imports of rice.
+    "We want to have some access in the rice market," he said.
+    He said both he and trade representative Clayton Yeutter
+were disappointed at the outcome of talks with Japan. He told
+reporters Japan had rejected the U.S. Proposal to open
+negotiations on rice at the new round of trade talks at the
+General Agreement on Tariffs and Trade.
+    Lyng said he suggested instead bilateral talks with Japan
+on rice.
+    Kato has said Japan cannot negotiate on its policy of rice
+self-sufficiency.
+    Asked what the next U.S. Step would be on the rice issue,
+Lyng said he did not know what Yeutter or the U.S. Rice
+industry would do.
+    Yeutter has promised to consider again in July or August
+this year a complaint against Japan's rice import ban by the
+U.S. Rice Millers Association if no breakthrough is made in the
+meantime.
+    U.S. Rice industry officials have indicated they would
+consider filing another complaint against the Japan rice import
+ban.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21594" NEWID="16944">
+<DATE>21-APR-1987 04:24:00.77</DATE>
+<TOPICS><D>earn</D><D>alum</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0212&#31;reute
+u f BC-ALCOA-OF-AUSTRALIA-RE   04-21 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCOA OF AUSTRALIA REPORTS INCREASED EARNINGS</TITLE>
+<DATELINE>    MELBOURNE, April 21 - </DATELINE><BODY>Alcoa of Australia Ltd &lt;AA.S>, owned
+51 pct by the Aluminum Co of America &lt;AA>, said net profit rose
+to 20.2 mln dlrs in the first quarter of 1987 from 0.8 mln in
+the same 1986 period.
+    Sales revenue climbed to 300.9 mln from 233.0 mln. The
+company paid 36.5 mln income tax compared with 4.8 mln.
+    Capital expenditure was 24.0 mln, against 33.4 mln. Alcoa
+spent 15.7 mln on its new Portland aluminium smelter compared
+with 25.8 mln the year before. Over 65 pct of the smelter's
+first potline is on stream and by the second quarter it will be
+producing at the full annual rate of 150,000 tonnes a year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21595" NEWID="16945">
+<DATE>21-APR-1987 05:00:01.79</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0261&#31;reute
+u f BC-PAKISTAN-RETENDERS-TO   04-21 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN RETENDERS TODAY FOR RBD PALM OIL - TRADE</TITLE>
+<DATELINE> LONDON, April 21 - </DATELINE><BODY>Pakistan will retender today for 6,000 to 12,000
+tonnes of refined bleached deodorised palm oil for first half May
+shipment, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21596" NEWID="16946">
+<DATE>21-APR-1987 05:00:45.01</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0262&#31;reute
+u f BC-SOUTH-KOREA-CUTS-EXPO   04-21 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA CUTS EXPORT FINANCE LOANS</TITLE>
+<DATELINE>    SEOUL, April 21 - </DATELINE><BODY>South Korea has cut loans to exporting
+companies to help reduce the growing trade surplus with the
+United States and the European Community, finance ministry
+officials said.
+    They said two billion dlrs worth of foreign currency loans
+would be available to firms willing to import industrial
+facilities, and 500 mln dlrs for those importing raw and
+intermediary materials and parts.
+    Exporters, who previously received 645 won (0.769 dlrs) for
+each dollar's worth of overseas orders, will now get only 575
+won (0.686 dlrs), they said.
+    The officials said the government also stopped new bank
+loans given to aid the installation of export-oriented
+facilities by the nation's 30 largest business groups.
+    A finance ministry official told Reuters the measures were
+part of the South Korean government's package to curb the
+increase in the nation's trade surpluses with major trading
+partners.
+    South Korea had a trade surplus of 7.2 billion dlrs with
+the United States in 1986, against 4.1 billion in 1985. It had
+a surplus of 1.09 billion dlrs last year with the EC, against
+188.8 mln dlrs in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21597" NEWID="16947">
+<DATE>21-APR-1987 05:20:31.87</DATE>
+<TOPICS><D>trade</D><D>grain</D><D>rice</D><D>carcass</D><D>livestock</D><D>orange</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0290&#31;reute
+u f BC-LYNG-WARNS-U.S.-TRADE   04-21 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG WARNS U.S. TRADE SITUATION IS EXPLOSIVE (RPT)</TITLE>
+<DATELINE>    TOKYO, April 21 - </DATELINE><BODY>U.S. Agriculture Secretary Richard Lyng
+said Japanese government officials do not seem to understand
+that protectionist sentiment in the U.S. Could lead to an
+explosive situation and protectionist legislation.
+    Speaking to the National Press Club of Japan, Lyng said
+protectionist sentiment in the U.S. Has increased alarmingly
+during the last six months.
+    "It is a radically changed situation and is very explosive.
+We are on the verge of some very harsh mandatory retaliatory
+laws which would have very serious consequences for other
+countries, especially Japan," Lyng told reporters.
+    Lyng's comments about protectionist trade legislation
+appeared to be a reference to the so-called Gephardt provision,
+requiring retaliation against countries which have trade
+surpluses with the U.S., Trade analysts said.
+    U.S. House majority leader Thomas Foley, a Washington
+Democrat, yesterday predicted during a visit here that the
+Gephardt provision will be approved by the House when trade
+legislation is taken up later this month.
+    Senior Japanese officials do not seem to perceive the
+volatility of the situation in the U.S., Where Congress is
+increasingly unpredictable, he said.
+    "The purpose of this trip is to emphasise the fact that
+patience is beginning to be very much frayed in Washington. I
+cannot emphasise that enough," Lyng said.
+    In talks with Japanese Agriculture Minister Mutsuki Kato
+yesterday, Lyng and Trade representative Clayton Yeutter asked
+Japan to begin negotiations on its rice policy and end import
+quotas on beef and citrus.
+    Lyng said he was disappointed Kato rejected the U.S.
+Request but hoped it would not lead to a protectionist response
+in Congress, where legislation on rice retaliation has been
+introduced in both the House and Senate.
+    Lyng said the U.S. Is dependent on Japan as a market for
+exports because Japan has been the largest buyer of U.S. Farm
+products since 1964, especially grains.
+    He said the U.S. Understands Japan, with a limited land
+area, is concerned about maintaining some level of
+self-sufficiency in food for national security reasons.
+    But he argued the freeing of farm product imports would not
+necessarily weaken Japanese agriculture.
+    Lyng pledged the U.S. Will never again embargo shipments of
+farm products as it did in 1973.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21598" NEWID="16948">
+<DATE>21-APR-1987 05:52:54.30</DATE>
+<TOPICS><D>trade</D><D>gnp</D><D>bop</D><D>reserves</D><D>money-fx</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0353&#31;reute
+u f BC-WORLD-BANK-SUGGESTS-M   04-21 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK SUGGESTS MORE OPEN ECONOMY FOR INDIA</TITLE>
+<AUTHOR>    By Ajoy Sen, Reuters</AUTHOR>
+<DATELINE>    NEW DELHI, April 21 - </DATELINE><BODY>The World Bank has suggested India
+should move to a more open economy by gradually removing most
+government controls on industry and adopting a liberal external
+trade policy with reduced levels of protection.
+    A confidential "executive summary" of a draft Bank report on
+the Indian economy was made available to Reuters. It suggests
+liberalisation as part of a package of reforms to boost exports
+of Indian goods by making them more competitive.
+    The summary said, "These reforms would result in (domestic)
+prices much more in line with world prices than is true today,
+and in a greater degree of import competition and export
+rivalry than the nation has ever seen."
+    The summary said foreign trade must play a key role in
+India's transition towards a more dynamic economy. Liberal
+imports of capital goods would help modernise the economy and
+expose Indian producers to foreign competition. Larger exports
+would provide the foreign exchange for imports.
+    "The main guideline is unambiguously to abandon the present
+principle of unlimited protection for all indigenously
+available products and to recognise the role of actual or
+potential competition from imports as a source of discipline on
+the prices and costs of public and private sector domestic
+manufacturers," the summary said.
+    An Indian official told Reuters the government was
+discussing the report with the Bank. A final report with some
+changes was likely to be ready by May, but he declined to give
+further details.
+    The Bank and industrialised nations will discuss the Bank's
+final report at a meeting in Paris on June 22 and 23 to discuss
+aid for India in the 1987/88 year starting in June.
+    The summary said India's gross domestic product (gdp) grew
+at an average five pct in Indian fiscal years 1985/86 and
+1986/87, which ended in March.
+    It said investment was being sustained at nearly 25 pct of
+gdp. Almost 94 pct of the investment was being financed by
+national savings, mainly from the private sector.
+    India's trade deficit is officially said to have narrowed
+to 5.6 billion dlrs in 1986/87 ended March, from a record 6.96
+billion dlrs in 1985/86. The current account deficit fell to
+2.4 billion dlrs in 1986/87 from 2.88 billion in 1985/86.
+    But the summary said the improvement was largely due to
+lower prices of crude oil, petroleum products and fertilisers
+which make up the bulk of India's import bill.
+    India was able to save about 2.6 billion dlrs in foreign
+exchange in 1986/87 due to lower prices of those products, the
+summary said.
+    The Bank's summary said there was little room for
+complacency in the balance of payments position.
+    It said that despite a lower trade deficit in 1986/87,
+Indian foreign exchange reserves fell by 240 mln dlrs.
+    Real export growth would need to average at least 6.1 pct a
+year in value terms in the coming years to maintain a viable
+balance of payments, the summary said.
+    It did not explicitly suggest the rupee should be devalued.
+India "might have to reaffirm the commitment to exporting while
+undertaking some dramatic changes in general incentives that
+involve some political costs," it said.
+    "An example of such a policy would be the adoption of an
+exchange rate regime that maintained exporters' profitability,"
+the summary said.
+    It said such an approach had been successful in countries
+such as South Korea, Colombia and Turkey. It would maintain the
+competitiveness of Indian exports and simultaneously reduce
+import pressures.
+    Earlier this year, the Indian government denied that the
+World Bank asked it to devalue the Indian rupee to boost
+exports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21599" NEWID="16949">
+<DATE>21-APR-1987 06:14:06.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0382&#31;reute
+u f BC-WORLD-BANK'S-IFC-TO-I   04-21 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK'S IFC TO INVEST MORE IN MALAYSIA</TITLE>
+<DATELINE>    KUALA LUMPUR, April 21 - </DATELINE><BODY>International Finance Corporation
+(IFC), the World Bank's investment arm, will raise its
+investment in Malaysia to a maximum of 200 mln dlrs from
+current 21.2 mln, IFC chief executive William Ryrie said.
+    He told reporters after a two-day meeting with government
+and private sector representatives that the IFC would be active
+in risk capital and equity finance.
+    The IFC is interested in a 500 mln ringgit Sabah state
+government pulp and paper project and is talking to state
+investment holding company Permodalan Nasional Bhd about joint
+ventures to help transfer profitable firms to Malays.
+    Ryrie added the IFC is involved in underwriting a 60 mln
+dlr Malaysian Fund to be launched on the New York Stock
+Exchange next month.
+    IFC's investment in Malaysia involves textile
+manufacturing, development finance, cement, iron and steel,
+sawmill operations and money and capital markets.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21600" NEWID="16950">
+<DATE>21-APR-1987 06:15:26.28</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0387&#31;reute
+r f BC-SPAIN'S-CONSUMER-PRIC   04-21 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN'S CONSUMER PRICES RISE 0.6 PCT IN MARCH</TITLE>
+<DATELINE>    MADRID, April 21 - </DATELINE><BODY>Spain's consumer price index rose 0.6
+pct in March after a 0.4 pct increase in February and 0.3 pct
+in March last year, the National Statistics Institute said.
+    The March rise brought the year on year rate to 6.3 pct.
+The government has set a five pct target for 1987 consumer
+price inflation after an 8.3 pct increase last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21601" NEWID="16951">
+<DATE>21-APR-1987 06:28:16.77</DATE>
+<TOPICS><D>interest</D><D>money-fx</D><D>bfr</D><D>reserves</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0419&#31;reute
+b f BC-BELGIUM-CUTS-TREASURY   04-21 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM CUTS TREASURY CERTIFICATE RATES</TITLE>
+<DATELINE>    BRUSSELS, April 21 - </DATELINE><BODY>The Belgian National Bank said it cut
+its one, two and three month treasury certificate rates
+effective immediately.
+    It said in a telex message the key three month rate was
+reduced by 0.05 points to 7.25 pct, the two month rate by 0.10
+points to 7.20 pct and the one month rate by 0.15 points to
+7.15 pct.
+    The Bank last adjusted its short-term treasury certificate
+rates on April 3, when all three rates were cut by 0.10 points.
+    It has made regular small reductions in rates after
+hoisting the three month rate 0.50 points to 7.90 pct and the
+other rates to eight pct on January 6 ahead of the realignment
+of the European Monetary System.
+    The National Bank bought more than 7.91 billion francs of
+foreign currency in the week ended April 13, a National Bank
+spokesman said last week. Foreign exchange analysts noted this
+reflects the current strength of the Belgian franc.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21602" NEWID="16952">
+<DATE>21-APR-1987 06:39:12.48</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0431&#31;reute
+r f BC-TAIWAN-INDUSTRIAL-OUT   04-21 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN INDUSTRIAL OUTPUT RISES SHARPLY IN MARCH</TITLE>
+<DATELINE>    TAIPEI, April 21 - </DATELINE><BODY>Taiwan's industrial production index,
+base 1981, rose 14.21 pct to 162.19 in March from a revised
+142.01 in February, and 7.19 pct from March 1986, the Economic
+Ministry said.
+    The February figure was revised from a preliminary 140.06.
+    A ministry official said the March index stood at its
+highest level since the 169.94 set in December 1986.
+    He attributed the increase to rising production of
+textiles, wooden and bamboo products, plastics, machinery,
+electronics, transportation equipment, mining and house
+construction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21603" NEWID="16953">
+<DATE>21-APR-1987 06:45:14.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0439&#31;reute
+u f BC-BOWATER-BUYS-BUILDERS   04-21 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOWATER BUYS BUILDERS' MERCHANTS HOOPER AND ASHBY</TITLE>
+<DATELINE>    LONDON, April 21 - </DATELINE><BODY>Bowater Industries Plc &lt;BWTR.L> said it
+had agreed to buy Southampton-based builders' merchants &lt;Hooper
+and Ashby Ltd> for 718,545 Bowater shares, floating rate
+unsecured loan stock and cash.
+    It gave no further financial details besides saying that a
+final payment of cash or loan stock would be made when audited
+accounts were available.
+    Hooper is a family-owned business which had a turnover of
+around 25 mln stg in 1986 and net assets of about nine mln stg.
+    Bowater shares were unchanged at 495p on Thursday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21604" NEWID="16954">
+<DATE>21-APR-1987 07:16:49.50</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0476&#31;reute
+u f BC-BANK-OF-JAPAN-BUYS-MO   04-21 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN BUYS MODERATE DOLLAR SUM -- DEALERS</TITLE>
+<DATELINE>    TOKYO, April 21 - </DATELINE><BODY>The Bank of Japan intervened in the
+market to try to accelerate the dollar's rise after heavy
+dollar buying by institutional investors, dealers said.
+    The central bank bought a moderate amount of dollars at
+around 142.10 yen, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21605" NEWID="16955">
+<DATE>21-APR-1987 07:18:35.81</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0481&#31;reute
+r f BC-JAPAN-CAREFULLY-WATCH   04-21 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CAREFULLY WATCHING MARKETS, SUMITA SAYS</TITLE>
+<DATELINE>    TOKYO, April 21 - </DATELINE><BODY>The Bank of Japan is carefully watching
+the recent rapid rise of the Tokyo stock and yen bond markets
+for their impact on inflation, governor Satoshi Sumita said.
+    In a statement to the bank's regional branch managers,
+Sumita said the central bank was particularly monitoring the
+markets because of the recent rapid growth of money supply. He
+said he is also carefully watching real estate prices.
+    Sumita said he expects money supply growth to remain high
+from April through June. In March, money supply, as measured by
+M-2 plus certificates of deposit, rose at a year-on-year rate
+of nine pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21606" NEWID="16956">
+<DATE>21-APR-1987 07:22:55.87</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0494&#31;reute
+u f BC-PAKISTAN-BUYS-6,000-T   04-21 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN BUYS 6,000 TONNES RBD PALM OIL - TRADERS</TITLE>
+<DATELINE>    LONDON, April 21 - </DATELINE><BODY>Pakistan bought 6,000 tonnes of rbd palm
+oil at its import tender today for first half May shipment,
+traders said.
+    The price was believed to be in the region of 345.50 dlrs
+per tonne cost and freight, but confirmation is awaited, they
+said.
+    Pakistan sought to buy up to 12,000 tonnes for first half
+May and has not said when it is likely to tender for the
+balance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21607" NEWID="16957">
+<DATE>21-APR-1987 07:23:18.80</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0497&#31;reute
+r f BC-BALDRIGE-PRAISES-NEW   04-21 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE PRAISES NEW SOUTH KOREAN TRADE POLICIES</TITLE>
+<AUTHOR>    By Roger Crabb, Reuters</AUTHOR>
+<DATELINE>    SEOUL, April 21 - </DATELINE><BODY>U.S. Commerce Secretary Malcolm Baldrige
+praised South Korea's new surplus-cutting trade policies but
+warned of possible protectionist retaliation if Seoul's market
+liberalisation efforts falter or fail.
+    In a press conference after talks with South Korean
+leaders, Baldrige called the government's announced intention
+to regulate exports and boost imports "a very, very important
+step, the right direction for the Korean government to take."
+    The government adopted the new policies last week in the
+hope of heading off a trade war with the U.S.
+    Baldrige said the policies "showed an understanding of the
+fact that this country cannot go on indefinitely growing by
+exports alone."
+    "There has to be enough of a change so that domestic growth
+begins to take more of the load," he said.
+    South Korea had a 7.2 billion dlr trade surplus with
+Washington in 1986, thanks largely to booming sales of cars and
+consumer electronic goods. It racked up another 1.4 billion
+dlrs in surplus in the first quarter of this year.
+    Baldrige said Seoul's package of measures was "broad enough
+and comprehensive enough so that ... Actions can be taken for
+liberalising imports (and) increasing the domestic economy, if
+the government is willing to follow through."
+    "We will be watching the implementation of this new policy
+direction very closely," he said. "Because of the protectionism
+growing in the U.S., We see a real problem if Korea does not
+keep on the same path ... Of steadily increasing
+liberalisation.... If that should falter or fail or turn
+backward, I'm as sure as I'm standing here that we'd see
+protectionist movement in the U.S."
+    Baldrige said he and South Korean Trade Minister Rha
+Woong-bae spent much time discussing trade problems in specific
+product categories.
+    These included service industries, which he said were still
+too much of a closed sector in South Korea, and computers and
+cars. Baldrige said he urged speedy action on removing the
+tariffs and taxes on imported U.S. Cars which can make them
+sell for up to three times their American prices.
+    "We want to stop that. With this sort of thing, there's
+going to be trouble somewhere down the road," he said. "We are
+just pointing this out."
+    Asked if Seoul's measures could succeed without a
+revaluation of the won, which Washington has been urging for
+months, Baldrige declined to comment. "We don't have any target
+for any particular currency, but we do feel that currencies
+around the world, if we are going to be successful as a world
+economy, have to reflect the fundamentals of the various
+economies involved," he said.
+    Baldrige said he had agreed to Rha's proposal for
+cooperation on forming U.S.-South Korean joint ventures in
+third countries. The American government would be pleased to
+encourage U.S. Firms to get involved, he added.
+    Commenting on President Reagan's decision to increase
+tariffs on certain Japanese imports to the U.S., Baldrige said
+Washington's trade problems with Japan were not comparable to
+its difficulties with South Korea.
+    "I think the attitude in Korea is both reasonable and fair,"
+he said. "It's a firm attitude. We don't get anything for
+nothing or just by asking for it.
+    "But our negotiations are friendly and reasonable and they
+usually end up with something good happening at the end that
+both countries live up to."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21608" NEWID="16958">
+<DATE>21-APR-1987 07:29:05.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0517&#31;reute
+u f PM-SAFRICA-PARADE ***  04-21 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLACK POLICEMAN KILLED, 70 HURT IN SOWETO ATTACK</TITLE>
+<DATELINE>    JOHANNESBURG, April 21 - </DATELINE><BODY>A black policeman was killed and
+70 were injured when a bomb was lobbed onto a parade ground in
+South Africa's biggest black township of Soweto this morning,
+the government said.
+    The device was thrown from a passing vehicle as trainee
+township policemen from all over South Africa were on parade at
+the Tladi police training centre, the government's Bureau for
+Information said.
+    Ten officers were seriously wounded and 60 suffered slight
+injuries, it said.
+    A bureau spokesman said the type of explosive device used
+was not known and no arrests had been made.
+    The government has blamed a spate of limpet mine blasts in
+South African cities in recent months on the outlawed African
+National Congress (ANC), fighting a low-level guerrilla war
+against white domination in South Africa.
+    The municipal police, who perform security duties in black
+townships, have been a main target of black militants in the
+past three years of political unrest which has claimed some
+2,400 lives.
+    Many black policemen have been forced to live in compounds
+on the outskirts of townships after their homes were attacked.
+    Today's attack, one of the most daring since a national
+state of emergency was declared last June, came as police and
+troops deployed at railway stations to stop attacks on trains
+linked to a bitter strike by black transport workers.
+    Foreign Minister Pik Botha has alleged that the ANC is
+planning a campaign of violence in the run-up to the
+whites-only general election next month. Security is a major
+election issue, with extreme right-wingers accusing the
+government of being soft in the face of a "revolutionary
+onslaught."
+    Botha warned neighbouring black-ruled states not to allow
+the guerrillas to infiltrate South Africa through their
+territory. He said South Africa would not hesitate to take
+action to thwart the alleged offensive.
+    Zambia, Mozambique, Botswana and Zimbabwe denied Botha's
+charges and said they were a pretext for South African attacks
+on them. Pretoria has raided alleged ANC bases in the so-called
+Frontline states in the past.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21609" NEWID="16959">
+<DATE>21-APR-1987 07:43:27.12</DATE>
+<TOPICS><D>trade</D><D>ipi</D></TOPICS>
+<PLACES><D>japan</D><D>north-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0545&#31;reute
+r f BC-NORTH-KOREA-PLANS-TO   04-21 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH KOREA PLANS TO EXPAND TRADE, OUTPUT</TITLE>
+<DATELINE>    TOKYO, April 21 - </DATELINE><BODY>North Korea unveiled plans to boost
+industrial and agricultural production sharply over the next
+seven years and to greatly expand its foreign trade.
+    Prime Minister Li Gun-mo told the eighth Supreme People's
+Assembly in Pyongyang that North Korea intends to increase
+international trade by 220 pct in the period 1987/93, gross
+industrial output by 90 pct and agricultural production by 40
+pct, according to the North Korean Central News Agency,
+monitored here.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21610" NEWID="16960">
+<DATE>21-APR-1987 07:56:52.84</DATE>
+<TOPICS><D>trade</D><D>ipi</D><D>grain</D></TOPICS>
+<PLACES><D>north-korea</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G M
+&#22;&#22;&#1;f0569&#31;reute
+r f BC-NORTH-KOREA-PLANS-TO   04-21 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH KOREA PLANS TO EXPAND OUTPUT AND TRADE</TITLE>
+<DATELINE>    TOKYO, April 21 - </DATELINE><BODY>North Korea unveiled plans to boost
+industrial and agricultural production over the next seven
+years and to greatly expand trade with other nations, the
+official North Korean Central News Agency, monitored in Tokyo,
+reported.
+    Prime Minister Li Gun-mo told the eighth Supreme People's
+Assembly in Pyongyang agricultural production will rise 1.4
+times in the period of the new seven-year plan, the agency
+said.
+    "For a more satisfactory solution of the problem of food,
+clothing and housing for the people, a 15 mln tonne target of
+grain will be hit...And 1.5 billion metres of textiles will be
+produced annually," he said.
+    Annual output of non-ferrous metals will be lifted to more
+than 1.7 mln tonnes in the seven year plan, the agency quoted
+Li as saying.
+    During the previous seven-year plan North Korea achieved
+annual output of 10 mln tonnes of grain. Chemical fertilizer
+production hit an annual target of five mln tonnes. He did not
+provide any other figures.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21611" NEWID="16961">
+<DATE>21-APR-1987 07:59:31.53</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0577&#31;reute
+u f BC-ESSO-UK-PLANNING-SLIG   04-21 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSO UK PLANNING SLIGHTLY LESS OIL EXPLORATION</TITLE>
+<DATELINE>    LONDON, April 21 - </DATELINE><BODY>&lt;Esso U.K. Plc>'s 1987 exploration
+scheme involves less activity than last year, said a company
+spokeswoman.
+    She confirmed that Esso UK, a member of Exxon Corp &lt;XON>,
+was likely to participate in 15 to 20 wells this year, against
+25 wells last year. Total capital expenditure budget this year,
+however, will be similar to last year's budget of about 450 mln
+stg, she said.
+    She added that exploration and production expenditure last
+year was 370 mln stg and Esso UK turned the year with 1.2
+billion stg of forward capital commitment.
+    The spokeswoman said 30 to 40 pct in cost savings had been
+made for development plans for Kittiwake - the only field in
+the Shell-Esso Gannet North Sea oil and gas cluster still being
+considered for development over the next few years.
+    Esso UK and &lt;Shell U.K. Exploration and Production>, part
+of the Shell Transport and Trading &lt;SC.L> group, have so far
+spent between 300 to 350 mln stg on Kittiwake, with recoverable
+reserves of some 70 mln barrels. Cost savings were also made on
+the 40 to 45 mln barrel Osprey field which is expected to cost
+at least 150 mln stg to develop. Development of both fields are
+expected to go ahead this year or early next year, she said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21612" NEWID="16962">
+<DATE>21-APR-1987 08:02:45.61</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0590&#31;reute
+r f BC-DOCKERS'-STRIKE-HITS   04-21 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOCKERS' STRIKE HITS CANARY ISLAND PORT</TITLE>
+<DATELINE>    MADRID, April 21 - </DATELINE><BODY>Striking dockers brought the Canary
+Island port of Las Palmas to a halt today but called off a
+stoppage in Spain's main port of Barcelona after winning the
+reinstatement of a sacked worker, port officials said.
+    They said about 15 freighters were affected in Las Palmas
+as talks on dockers' demands to reinstate five workers went on.
+A stoppage was also called off in Santa Cruz, on Tenerife.
+    Union sources said the strike would continue in Las Palmas
+tomorrow and would spread unless the demands were met, with a
+strike threatened in all ports for two hours on Thursday, four
+on Friday, six on Saturday and every other hour from May 4-11.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21613" NEWID="16963">
+<DATE>21-APR-1987 08:10:19.66</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>thailand</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>escap</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0635&#31;reute
+r f BC-BRITAIN-CALLS-FOR-FIG   04-21 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN CALLS FOR FIGHT AGAINST PROTECTIONISM</TITLE>
+<DATELINE>    BANGKOK, April 21 - </DATELINE><BODY>British Foreign Secretary Sir Geoffrey
+Howe called on industrial and developing countries to combat
+trade protectionism and remove barriers which impede free
+trading in agricultural products.
+    Howe said in an address to the annual meeting of the U.N.
+Economic and Social Commission for Asia and the Pacific (ESCAP)
+that success in fighting protectionism hinges on the current
+Uruguay Round of the General Agreement on Tariffs and Trade.
+    He said Britain is committed to resisting and combatting
+protectionism because free trade is vital to Britain where 30
+pct of the gnp comes from trade in goods and services.
+    Howe urged developing countries to open up their markets,
+remove measures distorting free trade in services and provide
+protection for intellectual property rights.
+    He said industrial nations should also adopt macro-economic
+policies which help reduce trade imbalances and promote stable
+currency relationships.
+    Howe said the agricultural industry, plagued by surpluses
+and falling commodity prices in recent years, is over
+subsidised and over protected. But the problem of farm
+surpluses must be tackled despite the fact that it is
+politically difficult for any government to reverse the trend
+of growing farm subsidies.
+    "This problem of over-subsidisation and over-protection of
+agriculture will dog us in the years ahead and it will need the
+sustained application of all our energy and our imagination to
+find solutions," Howe said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21614" NEWID="16964">
+<DATE>21-APR-1987 08:16:23.15</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0647&#31;reute
+r f BC-TAIWAN-PROPOSES-TO-IN   04-21 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN PROPOSES TO INVEST ONE BILLION DLRS IN U.S.</TITLE>
+<AUTHOR>    By Chen Chien-kuo, Reuters</AUTHOR>
+<DATELINE>    TAIPEI, April 21 - </DATELINE><BODY>Taiwan's Economic Ministry has approved
+an ambitious proposal calling for a one billion U.S. Dollar
+investment by private and public companies in the United States
+over the next five years, ministry officials said.
+    John Ni, director of the Ministry's Industrial Development
+and Investment Centre (IDIC), said under the IDIC proposal,
+Taiwanese firms would be encouraged to set up factories and
+invest in property and securities markets in the U.S..
+    Taiwan's 1986 investment in the U.S. Totalled 46 mln U.S.
+Dlrs, official statistics show.
+    The investment was mainly in the electronics, food, service
+and trading sectors.
+    The new proposal, approved by Economic Minister Lee Ta-hai
+yesterday, calls for investment of 80 mln U.S. Dlrs in 1987,
+120 mln in 1988, 160 mln in 1989, 240 mln in 1990 and 400 mln
+in 1991, he told Reuters.
+    It will be discussed soon by officials of the Finance
+Ministry, the Central Bank and the Council for Economic
+Planning and Development before being submitted to the cabinet
+for final approval, he said.
+    "This is the first ambitious proposal with government
+initiatives to encourage our businessmen to invest in America,"
+Lee said.
+    He said government incentives to prospective Taiwanese
+investors would include bank loans and a five-year income tax
+holiday. Applications for investing in the U.S. Would also be
+simplified.
+    A ministry spokesman told reporters the proposed investment
+would be helpful in creating job opportunities for Americans
+and avoiding U.S. Import quotas or restrictions on Taiwanese
+products.
+    The plan will also help reduce Taiwan's trade surplus with
+the U.S., Which rose to a record 13.6 billion U.S. Dlrs in
+1986, up from 10.2 billion in 1985, the spokesman said.
+    The rising surplus has enabled Taiwan to accumulate some 54
+billion U.S. Dlrs in foreign exchange reserves.
+    Economists described the proposal as a significant step by
+the government to head off U.S. Protectionism.
+    "Time is running out for us. Taiwan has lagged far behind
+Japan and South Korea in encouraging its businessmen to invest
+abroad," said Hou Chia-chi, economics professor at Soochow
+University.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21615" NEWID="16965">
+<DATE>21-APR-1987 08:18:16.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>taiwan</D><D>china</D><D>vietnam</D><D>india</D></PLACES>
+<PEOPLE><D>fujioka</D></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0659&#31;reute
+h f BC-ADB'S-FUJIOKA-SAYS-ST   04-21 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADB'S FUJIOKA SAYS STALEMATE WITH TAIWAN CONTINUES</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, April 21 - </DATELINE><BODY>The Asian Development Bank (ADB) will
+not change its decision to admit China as a member despite
+protests from founder member Taiwan, bank president Masao
+Fujioka said.
+    China's admission in March 1986 and the decision of the
+bank to change Taiwan's name to 'Taipei, China' caused a
+Taiwanese boycott of the ADB's last annual meeting in Manila.
+    Fujioka told Reuters in an interview that Taiwan had been
+invited to the bank's 20th annual meeting starting April 27 in
+Osaka, "but the situation remains the same."
+    "The bank's board agreed to change Taiwan's name to 'Taipei,
+China'," Fujioka said.
+    "We have tried to maintain our channels of communication
+through the Taiwanese director, but we are not negotiating with
+a view to changing our agreement with China," he said.
+    ADB figures show China has the largest shareholding among
+the bank's developing members, with 7.2 pct of its equity.
+    Fujioka said a stalemate also continued with Vietnam, which
+complained at last year's meeting that for several years the
+ADB had unilaterally stopped advancing loans.
+    An ADB spokesman said the last loan of 40.67 mln dlrs was
+made to the then Republic of Vietnam (South Vietnam) in 1974.
+    Vietnam said last year that only 23 mln dlrs of that loan
+were disbursed.
+    The bank's 1986 annual report said of 11 loans approved for
+Vietnam, eight had been closed, two were suspended and only one
+was under administration at the end of 1986.
+    Cumulative disbursements to Vietnam at the end of 1986
+totalled 25.3 mln dlrs, or 99.5 pct of the total amount of
+effective loans, the report said.
+    "The situation (in Vietnam) is not conducive to bank
+operations," Fujioka said. "Vietnam continues to be a member. We
+would like to help it, but new loans seem to be difficult."
+    "It's not a question of political instability, the
+environment has to be right for banking operations."
+    He said with the first loans made to India in 1986, and
+lending operations in China scheduled to start this year, the
+ADB had now acquired a "truly Asian" character.
+    Although China's finance ministry had gained five years of
+experience in borrowing from the World Bank, ADB loans would be
+routed through the country's central bank, Fujioka said.
+    "It's been a very slow start," Fujioka said. "We identified
+three projects (in China). One disappeared and we now have only
+two left."
+    He said the ADB might lend China between 200 and 300 mln
+dlrs in 1987 for an investment bank and an energy project.
+    He did not foresee an expansion of lending to India.
+    The ADB in 1986 approved two loans to India totalling 250
+mln dlrs.
+    "There is a sort of agreement that our loans to India should
+be modest and that the World Bank should be the major lender,"
+Fujioka said. He did not give details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21616" NEWID="16966">
+<DATE>21-APR-1987 08:21:27.01</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0666&#31;reute
+h f BC-CSR-MAKES-SIGNIFICANT   04-21 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSR MAKES SIGNIFICANT QUEENSLAND NATURAL GAS FIND</TITLE>
+<DATELINE>    BRISBANE, April 21 - </DATELINE><BODY>CSR Ltd &lt;CSRA.S> and its partners have
+made a significant natural gas discovery in the Roma region of
+central western Queensland, CSR said in a statement.
+    The Wingnut Number One exploration well flowed up to 6.5
+mln cubic feet a day from three zones during drill stem testing
+over the intervals 1,180-1,207 meters and 1,112-1,159.
+    CSR said the well, 400 meters from an existing gas
+gathering system, is the second of a four well program in the
+Roma petroleum leases being funded by &lt;Barcoo Petroleum NL>.
+    Interest holders on completion will be CSR 42.58 pct,
+Barcoo 49.9, and &lt;IOL Petroleum Ltd> 7.51.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21617" NEWID="16967">
+<DATE>21-APR-1987 08:21:46.92</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0667&#31;reute
+h f BC-TAIWAN-INDUSTRIAL-OUT   04-21 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN INDUSTRIAL OUTPUT RISES SHARPLY IN MARCH</TITLE>
+<DATELINE>    TAIPEI, April 21 - </DATELINE><BODY>Taiwan's industrial production index,
+base 1981, rose 14.21 pct to 162.19 in March from a revised
+142.01 in February, and 7.19 pct from March 1986, the Economic
+Ministry said.
+    The February figure was revised from a preliminary 140.06.
+    A ministry official said the March index stood at its
+highest level since the 169.94 set in December 1986.
+    He attributed the increase to rising production of
+textiles, wooden and bamboo products, plastics, machinery,
+electronics, transportation equipment, mining and house
+construction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21618" NEWID="16968">
+<DATE>21-APR-1987 08:22:31.87</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0669&#31;reute
+r f AM-OIL-HODEL   04-21 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HODEL SAYS ODDS ON FINDING NEW ALASKA OIL 1-IN-5</TITLE>
+<DATELINE>    WASHINGTON, April 21 - </DATELINE><BODY>U.S. Interior Secretary Donald Hodel
+said there was a one in five chance that new drilling in Alaska
+would find oil.
+    "But if it's there, there's a very good chance that it would
+be a giant field," Hodel said on ABC's "Good Morning America."
+    "So it is the best geological prospect that they
+(geologists) have talked to me about since I've been involved
+in this process," he said.
+    Hodel announced yesterday that he would urge Congress to
+open up 1.5 mln acres of the Arctic National Wildlife Refuge in
+Alaska to oil exploration despite fears of environmental damage
+threatening the Caribou herd in the region.
+    He said today the exploration was needed in an effort to
+prevent future U.S. oil shortages and said oil drilling in the
+large Prudhoe Bay field in Alaska proved oil could be drilled
+without severely damaging the environment.
+    He said the Caribou herd at Prudhoe Bay had tripled,
+contrary to concerns before the drilling operation that it
+would endanger the herd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21619" NEWID="16969">
+<DATE>21-APR-1987 08:25:17.75</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0680&#31;reute
+b f BC-SWISS-SIGHT-DEPOSITS   04-21 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS SIGHT DEPOSITS FALL BY 416.9 MLN FRANCS</TITLE>
+<DATELINE>    ZURICH, April 21 - </DATELINE><BODY>Sight deposits of commercial banks at
+the Swiss National Bank fell by 416.9 mln Swiss francs to 7.46
+billion in the six days ending April 16, the National Bank
+said.
+    Sight deposits are an important measure of money market
+liquidity in Switzerland.
+    Foreign exchange reserves fell by 627.4 mln francs to 32.50
+billion francs. The National Bank attributed this fall to the
+dismantling of outstanding swap arrangements.
+    Bank notes in circulation fell by 116.9 mln francs to 24.36
+billion while other deposits on call at the National Bank,
+mainly government funds, fell by 116.0 mln francs to 825.5 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21620" NEWID="16970">
+<DATE>21-APR-1987 08:43:58.77</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>china</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f0735&#31;reute
+r f BC-BALDRIGE-ASSURES-CHIN   04-21 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE ASSURES CHINA ON TRADE AND TECHNOLOGY</TITLE>
+<DATELINE>    PEKING, April 21 - </DATELINE><BODY>U.S. Commerce Secretary Malcolm Baldrige
+said U.S. Sales of high technology to China are rising despite
+Peking's complaints they are being restricted.
+    He told reporters at the airport on arriving here for talks
+that technology transfers to China had increased every year and
+would continue to do so.
+    The official Peking Review yesterday accused the United
+States of delaying approval on high-technology sales to China.
+    Last year, Washington approved only 60 pct of the exports
+China applied for, the magazine said.
+    "The COCOM-listed kind of export controls are just a
+fraction of the technology that the U.S. Is transferring (to
+China) by other means, such as joint ventures," Baldrige said.
+    COCOM is the Western coordinating committee formed after
+World War Two to limit the export of advanced technology to
+Communist nations.
+    Baldrige said he was sure U.S. Firms could compete against
+firms from other countries for high technology sales.
+    He added that protectionism would hurt the economies of
+trading nations and said the Reagan Administration would fight
+protectionist legislation in the U.S. Congress.
+    Baldrige and China's Foreign Trade Minister Zheng Tuobin
+will act as chairmen of the fifth session of a commission on
+commerce and trade that will review bilateral trade relations.
+    A U.S. Official said other issues to be raised during
+Baldrige's talks are trade deficits, which each country says it
+has with the other, and the problems facing U.S. Companies
+investing in China.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21621" NEWID="16971">
+<DATE>21-APR-1987 08:44:06.08</DATE>
+<TOPICS><D>acq</D><D>gold</D><D>silver</D><D>copper</D></TOPICS>
+<PLACES><D>hong-kong</D><D>philippines</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0736&#31;reute
+u f BC-CITY-RESOURCES-UNIT-A   04-21 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITY RESOURCES UNIT ACQUIRES PHILIPPINE MINE OPTION</TITLE>
+<DATELINE>    HONG KONG, April 21 - </DATELINE><BODY>&lt;City Resources (Asia) Ltd>, a
+locally listed unit of Australian based &lt;City Resources Ltd>,
+said it acquired an 80-day option to buy exploration,
+development and operating rights for mining property on the
+island of Luzon in the Philippines.
+    It said in a statement that average assay results of random
+samples of the Brescia ore bearing body on the 459-hectare site
+showed 2.4 grammes of gold, 64 grammes of silver and 1.9
+grammes of copper per tonne.
+    It said it will exercise the option if tests confirm the
+site's potential. Further details were not available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21622" NEWID="16972">
+<DATE>21-APR-1987 08:55:48.63</DATE>
+<TOPICS><D>trade</D><D>oilseed</D><D>groundnut</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0763&#31;reute
+u f BC-GATT-TO-INVESTIGATE-J   04-21 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT TO PROBE JAPAN'S FARM IMPORT RESTRICTIONS</TITLE>
+<DATELINE>    TOKYO, April 21 - </DATELINE><BODY>The General Agreement on Tariffs and
+Trade (GATT) will begin a probe on May 7-8 on the legality of
+Japanese import restrictions on 12 farm products, Agriculture
+Ministry officials said.
+    The investigation, which will take place in Geneva, follows
+a U.S. Complaint last year that the restrictions violated GATT
+rules prohibiting import quotas.
+    The products involved include fruit juice, peanuts and
+tomato juice.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21623" NEWID="16973">
+<DATE>21-APR-1987 09:02:31.96</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>tamura</D><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0778&#31;reute
+u f BC-JAPAN-CONSIDERING-BUY   04-21 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CONSIDERING BUYING U.S. SUPERCOMPUTERS</TITLE>
+<DATELINE>    TOKYO, April 21 - </DATELINE><BODY>The Japanese government is considering
+buying U.S.-made supercomputers to help defuse mounting trade
+friction between the two countries, Trade Minister Hajime
+Tamura was quoting as saying.
+    Japanese officials said Tamura told visiting U.S. Trade
+Representative Clayton Yeutter that the government may set
+aside money for the purchase of the supercomputers in a
+supplementary budget to be drawn up later this year.
+    But he emphasised that the matter was still under study and
+that no firm decision had been made.
+    Tamura urged Yeutter to lift the trade sanctions imposed
+against Japan and argued that the yen's rapid rise was already
+working to correct the country's trade imbalance.
+    But, according to Japanese officials, Yeutter held out
+little hope that the American trade sanctions would be lifted
+soon and said the United States needed action from Japan to
+boost its domestic demand and imports, not just words.
+    In order to lift the tariffs imposed on 300 mln dlrs worth
+of Japanese exports last Friday, the U.S. Needs proof that its
+joint computer chip pact with Japan is working. And that will
+take time, Yeutter was quoted as telling Tamura.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21624" NEWID="16974">
+<DATE>21-APR-1987 09:06:11.25</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0786&#31;reute
+u f BC-SMALL-QUANTITY-OF-U.K   04-21 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMALL QUANTITY OF U.K. WHEAT SOLD TO HOME MARKET</TITLE>
+<DATELINE>    LONDON, April 21 - </DATELINE><BODY>A total of 2,769 tonnes of British
+intervention feed wheat, out of an available 57,300 tonnes, was
+sold at today's tender for the home market, the Home Grown
+Cereals Authority, HGCA, said.
+    Price details were not reported.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21625" NEWID="16975">
+<DATE>21-APR-1987 09:14:16.14</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D><D>france</D><D>west-germany</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f0803&#31;reute
+u f BC-SUGAR-PLANTING-PROGRE   04-21 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUGAR PLANTING IN WESTERN EUROPE, DELAY IN USSR</TITLE>
+<DATELINE>    STATE COLLEGE, PA., April 21 - </DATELINE><BODY>Dry, warm weather over
+Western Europe sugar beet areas this week will allow planting
+to progress rapidly, private forecaster Accu-Weather Inc said.
+    Sugar beet areas in Britain will be dry and warm Thursday
+and Friday while beet areas from France to West Germany will
+have dry, seasonable weather, becoming warmer.
+    But damp, chilly weather will delay planting in all Soviet
+beet areas, it said. Eastern Soviet sugar beet areas were windy
+yesterday with rain and snow showers. Water equivalent amounts
+were 0.10 of an inch.
+    Showers or snow flurries will linger today and up to 0.30
+of an inch of rain is likely tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21626" NEWID="16976">
+<DATE>21-APR-1987 09:26:53.00</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0841&#31;reute
+b f BC-SWISS-NATIONAL-BANK-S   04-21 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS NATIONAL BANK SELLS YEN AGAINST DOLLAR</TITLE>
+<DATELINE>    ZURICH, April 21 - </DATELINE><BODY>The Swiss National Bank sold yen against
+dollars, joining in concerted intervention by central banks, a
+spokesman for the National Bank said.
+    He declined to say which central banks had been active in
+the market, but earlier today Tokyo dealers said the Bank of
+Japan had intervened at 142.10 yen to the dollar, and market
+sources here said they believed the Bundesbank was in the
+market as well.
+    The National Bank spokesman declined to specify the volume
+of its dollar purchases or the rate paid.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21627" NEWID="16977">
+<DATE>21-APR-1987 09:30:50.80</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0858&#31;reute
+b f BC-BUNDESBANK-INTERVENES   04-21 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK INTERVENES TO BUY DOLLARS AGAINST YEN</TITLE>
+<DATELINE>    FRANKFURT, April 21 - </DATELINE><BODY>The Bundesbank intervened in the open
+market to buy dollars against yen, dealers said.
+    They were responding to enquiries immediately after news
+the Swiss National Bank said it joined concerted intervention
+to sell yen for dollars.
+    The Bundesbank had no immediate comment on the reports.
+    But dealers said the German central bank came into the
+market just after 1300 GMT when the dollar was trading around
+141.90 yen to buy small amounts of the U.S. Currency. Dollar
+trading had been very quiet for most of the European session.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21628" NEWID="16978">
+<DATE>21-APR-1987 09:32:32.07</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0871&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-21 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 183 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, April 21 - </DATELINE><BODY>The Bank of England said it had given
+the money market a further 183 mln stg assistance in the
+afternoon session. This takes the Bank's total help so far
+today to 561 mln stg and compares with its estimate of a
+shortage of some 550 mln stg in the system which it earlier
+revised up from 400 mln.
+    The central bank purchased bank bills outright comprising
+80 mln stg in band one at 9-7/8 pct, eight mln stg in band two
+at 9-13/16 pct and 95 mln stg in band three at 9-3/4 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21629" NEWID="16979">
+<DATE>21-APR-1987 09:38:43.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0891&#31;reute
+b f BC-transcanada-&lt;trp>-boo   04-21 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSCANADA &lt;TRP> UPS DOME &lt;DMP> BID - REPORT</TITLE>
+<DATELINE>    TORONTO, April 21 - </DATELINE><BODY>TransCanada PipeLines Ltd has raised
+its takeover offer for Dome Petroleum Ltd to 5.5 billion
+Canadian dlrs from 4.3 billion, according to a report on the
+Canadian Broadcasting Corp (CBC).
+    However, a spokesman for Dome said the company is not
+interested, since it has already agreed to be acquired by Amoco
+Corp &lt;AN> for 5.1 billion dlrs, the CBC said.
+    Spokesmen at Dome and TransCanada could not immediately be
+reached for comment.
+    Although Dome has said it is only interested in the Amoco
+offer, a spokesman for TransCanada was quoted as saying that
+the ultimate decision rests with Dome shareholders.
+    "I don't know what (Dome chairman J. Howard Madconald) is
+going to say if a letter lands on his desk and he's got an
+offer there equal or better for the shareholders than the one
+he has on his desk at this time," TransCanada chief financial
+officer Neil Nichols was quoted as saying.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21630" NEWID="16980">
+<DATE>21-APR-1987 09:42:18.98</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0905&#31;reute
+u f BC-slaughter-guesstimate   04-21 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, April 21 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 275,000 to 293,000 head versus
+284,000 week ago and 320,000 a year ago.
+    Cattle slaughter is guesstimated at about 122,000 to
+128,000 head versus 128,000 week ago and 138,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21631" NEWID="16981">
+<DATE>21-APR-1987 09:46:51.28</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0920&#31;reute
+b f BC-/FED-OPPOSES-CREDIT-C   04-21 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED OPPOSES CREDIT CARD INTEREST RATE CEILINGS</TITLE>
+<DATELINE>    WASHINGTON, April 21 - </DATELINE><BODY>The Federal Reserve Board opposed
+pending legislation to establish ceilings on interest charged
+by credit card companies.
+    "The Board does not believe it would be appropriate to
+impose a federal ceiling on credit card rates," Fed governor
+Martha Seger told a Senate Banking Subcommittee.
+    "Among other things a Federal ceiling could have undesirable
+side effects in the form of reduced credit availability and
+could lead to changes in non-rate credit card terms," she
+testified.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21632" NEWID="16982">
+<DATE>21-APR-1987 09:59:33.20</DATE>
+<TOPICS><D>dlr</D><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0970&#31;reute
+b f BC-/FED'S-ANGELL-SAYS-BO   04-21 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S ANGELL SAYS BOARD IN HARMONY ON RATES</TITLE>
+<DATELINE>    WASHINGTON, April 21 - </DATELINE><BODY>Federal Reserve Board Governor Wayne
+Angell said the Reagan appointed majority on the board was not
+at odds with Chairman Paul Volcker on whether interest rates
+should rise to support the dollar.
+    "I would anticipate very little difference between the
+chairman's position on price-level stability - and on the view
+of the dollar in foreign exchange markets - and my own," Angell
+said in an interview with the New York Times.
+    "And I would also see very little difference in (Governor)
+Manley Johnson's position and my own," he added.
+    The newspaper said Angell was speaking in response to
+inquiries concerning a report by syndicated columnists Rowland
+Evans and Robert Novak that Volcker was ready to raise rates to
+defend the dollar but that he was being thwarted by the four
+Reagan appointed members on the board.
+    Angell told the newspaper that there was no evidence of
+disagreement on the board and that "anyone who should suggest"
+there is one "might be reaching pretty far."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21633" NEWID="16983">
+<DATE>21-APR-1987 10:00:18.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0974&#31;reute
+u f BC-BALLY-&lt;BLY>-SELLS-SIX   04-21 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY &lt;BLY> SELLS SIX FLAGS FOR 350 MLN DLRS</TITLE>
+<DATELINE>    CHICAGO, April 21 - </DATELINE><BODY>Bally Manufacturing Corp said it signed
+a definitive agreement to sell the stock of its Six Flags theme
+park subsidiary to an affiliate of Wesray Capital Corp.
+    Ccompletion of the proposed transaction is expected in
+early May, it said.
+    Bally said it will receive gross proceeds of 350 mln dlrs
+for the Six Flags subsidiary.
+    Bally said the transaction is part of its restructuring and
+will result in an after tax profit of about 100 mln dlrs.
+    Proceeds from the sale of Six Flags will be used for
+general corporate purposes and to reduce debt, it said.
+    The sale of the theme parks will also remove from Bally's
+balance sheet an additional 250 mln dlrs in Six Flags debt now
+carried on the Bally balance sheet, it said.
+    Kidder Peabody will provide bridge financing to Wesray to
+complete the proposed transaction, Bally said.
+    Six Flags operates seven major theme amusement parks, two
+water parks and other family oriented entertainment facilities.
+    Wesray Capital is a private investment firm based in
+Morristown, New Jersey.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21634" NEWID="16984">
+<DATE>21-APR-1987 10:03:53.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0995&#31;reute
+u f BC-BLAST-IN-WHITE-AREA-O   04-21 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOMB BLAST ROCKS WHITE AREA OF SOUTH AFRICA</TITLE>
+<DATELINE>    JOHANNESBURG, April 21 - </DATELINE><BODY>A bomb rocked a white area of
+Johannesburg but first reports said no one was injured.
+    Police said an explosive device was placed under a car in
+the Mayfair district.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21635" NEWID="16985">
+<DATE>21-APR-1987 10:12:44.56</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1028&#31;reute
+u f BC-JAPAN-SEES-NEED-TO-AC   04-21 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SEES NEED TO ACT QUICKLY ON TRADE CRISIS</TITLE>
+<DATELINE>    TOKYO, April 21 - </DATELINE><BODY>Japan is faced with a mounting crisis
+over its huge trade surplus and recognizes that it must act
+more quickly to refocus its export driven economy, a senior
+Foreign Ministry official said.
+    "The sense of crisis among the Japanese public as well as
+the government is increasing," Deputy Director General Hiroshi
+Hirabayashi told reporters. "The need to accelerate the efforts
+(to restructure the economy) is well recognized."
+    Hirabayashi said that gradual progress had been made to
+refocus the Japanese economy, but admitted that it might not
+seem all that spectacular to foreign observers.
+    Difficulties had been encountered in implementing the
+so-called Maekawa report since it was unveiled a year ago, he
+said. But, he added, foreign governments should appreciate the
+efforts that have been made.
+    The report, named for its principal author, former Bank of
+Japan governor Haruo Maekawa, called for a shift in Japan's
+economy away from its dependence on exports for growth. The
+Japanese cabinet today reviewed progress made since its
+release.
+    According to Hirabayashi, Prime Minister Yasuhiro Nakasone
+told his fellow ministers that Japan must follow the direction
+set out by Maekawa and urged them to make efforts to achieve
+it.
+    Foreign Minister Tadashi Kuranari added that not enough had
+been done to publicize the action Japan was taking to refocus
+its economy.
+    Listing some of those actions, Hirabayashi said imports of
+manufactured goods have increased, interest rates have fallen,
+and coal, steel and non-ferrous metal output have been reduced.
+    He expressed hope that Japan will act more quickly in the
+future to implement the report and scoffed at a suggestion that
+it would take ten years for Maekawa's goals to be met.
+    "It will not take very much time to fulfill the (goals) set
+out by the Maekawa report," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21636" NEWID="16986">
+<DATE>21-APR-1987 10:16:51.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1051&#31;reute
+r f BC-GREAT-WESTERN-&lt;GWF>SE   04-21 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT WESTERN &lt;GWF>SEES ANOTHER OUTSTANDING YEAR</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., April 21 - </DATELINE><BODY>Great Western Financial
+Corp said it should experience anouther outstanding year in
+1987 based on the performance of the first three months.
+    Reporting record earnings for the tenth consecutive
+quarter, the company said profits rose to 81.2 mln dlrs, or
+1.66 dlrs a share, from 79.8 mln dlrs, or 1.50 dlrs, a year
+earlier.
+    The company said its growth, "which includes a 19.7 pct
+increase in net interest income, encourages us to believe that
+1987 will be another year of strong earnings growth."
+   
+    Great Western said its real estate loan originations
+totaled 1.7 billion dlrs in the latest quarter, up from 1.5
+billion dlrs a year earlier. Total lending was 2.2 billion dlrs
+vs 1.9 billion dlrs.
+    About 95 pct of first quarter loan volume was in adjustable
+rate mortgages or short term loans, it said.
+    The company said loan sales were 755 mln dlrs in the latest
+quarter compared with 1.5 billion dlrs a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21637" NEWID="16987">
+<DATE>21-APR-1987 10:17:26.69</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1055&#31;reute
+r f BC-THAI-CABINET-APPROVES   04-21 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI CABINET APPROVES SEVEN PCT BUDGET INCREASE</TITLE>
+<DATELINE>    BANGKOK, April 21 - </DATELINE><BODY>The Thai Cabinet approved a seven pct
+increase in the national budget for fiscal 1987/88 starting
+next October, compared with a 6.2 pct increase for the current
+year ending September, a government spokesman said.
+    He told reporters the budget, to be presented to Parliament
+by late next month or in early June, calls for spending of
+243.5 billion baht against 227.5 billion this year.
+    The new budget is intended to make Thailand's Gross
+Domestic Product grow by at least five pct during the year
+without compromising its conservative fiscal and monetary
+policy, the spokesman said.
+    "The budget is in line with our policy to stimulate the
+economy and to achieve a stable growth while we continue
+maintaining our current cautious fiscal policy," he said.
+    The spokesman said the budget provides for a 9.6 pct
+increase in fresh government investment expenditure to 39.8
+billion baht, up from 36.3 billion this year.
+    Government revenue is projected to grow 7.5 pct to 199.5
+billion baht against 185.5 billion targetted for 1986/87.
+    He said the budget contains a 44 billion baht deficit, or
+about 3.4 pct of GDP, compared with 42 billion or 3.5 pct
+planned for this year.  The deficit is required by Thai laws to
+be financed by domestic borrowings.
+    The finalised budget bill earmarks 59.8 billion baht, or
+24.6 pct of total expenditure, for servicing the government's
+domestic and foreign debt, up from 56 billion and a similar
+24.6 pct this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21638" NEWID="16988">
+<DATE>21-APR-1987 10:20:11.15</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1070&#31;reute
+u f BC-LEGAL-DISPUTES-FORCE   04-21 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEGAL DISPUTES FORCE NEW HOLDING COMPANY FOR LME</TITLE>
+<DATELINE>    LONDON, April 21 - </DATELINE><BODY>The London Metal Exchange (LME) said it
+has applied to form a new holding company because of
+uncertainties relating to lawsuits filed over the 1985 tin
+crisis.
+    The new company, to be called The London Metal Exchange
+Ltd, would replace a two-tiered committee and board structure
+with a single managing board by the end of July.
+    The exchange said it took the steps after the Securities
+and Investments Board said unresolved legal tussles resulting
+from the tin crisis of October 1985 might prevent acceptance of
+the LME's application to become a Recognized Investment
+Exchange.
+    The exchange currently is run by The Metal Market and
+Exchange Company Ltd, which is facing a law suit linked to tin.
+    The assets needed to run the exchange will be transferred
+to the new company at fair market value, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21639" NEWID="16989">
+<DATE>21-APR-1987 10:22:31.83</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1083&#31;reute
+u f BC-FED-OPPOSES-CREDIT-CA   04-21 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED OPPOSES CREDIT CARD INTEREST RATE CEILINGS</TITLE>
+<DATELINE>    WASHINGTON, April 21 - </DATELINE><BODY>The Federal Reserve Board opposed
+pending legislation to establish ceilings on interest charged
+by credit card companies.
+    "The Board does not believe it would be appropriate to
+impose a federal ceiling on credit card rates," Fed governor
+Martha Seger told a Senate Banking Subcommittee.
+    "Among other things a Federal ceiling could have undesirable
+side effects in the form of reduced credit availability and
+could lead to changes in non-rate credit card terms," she
+testified.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21640" NEWID="16990">
+<DATE>21-APR-1987 10:48:20.72</DATE>
+<TOPICS><D>retail</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f1196&#31;reute
+u f BC-CANADA-RETAIL-SALES-R   04-21 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA RETAIL SALES RISE 1.9 PCT IN FEBRUARY</TITLE>
+<DATELINE>    OTTAWA, April 21 - </DATELINE><BODY>Canada's retail sales, seasonally
+adjusted, rose 1.9 pct in February after a downward revised 0.3
+pct decline in January, Statistics Canada said.
+    Retail sales rose to 12.19 billion dlrs in February, a
+significant increase over the 11.97 billion dlrs recorded in
+January, the federal agency said. Unadjusted sales were 7.8 pct
+higher than in February, 1986.
+    In February, automobile sales rose 3.4 pct, department
+store sales rose 3.2 pct and service stations were up 1.9 pct.
+The increases were slightly offset by a 2.0 pct decline in
+grocery, confectionery and sundries stores sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21641" NEWID="16991">
+<DATE>21-APR-1987 10:48:26.07</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1197&#31;reute
+u f BC-EXXON-&lt;XON>-RAISES-HE   04-21 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> RAISES HEATING OIL PRICE, TRADERS SAID</TITLE>
+<DATELINE>    NEW YORK, April 21 -- </DATELINE><BODY>Oil traders in the New York area said
+Exxon Corp's Exxon U.S.A. subsidiary increased the price it
+charges contract barge customers for heating oil in New York
+harbor by 0.25 ct a gallon, effective today.
+    The 0.25 cent price hike brings Exxon's contract barge
+price to 48.75 cts a gallon, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21642" NEWID="16992">
+<DATE>21-APR-1987 10:54:21.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1214&#31;reute
+d f BC-ADMAR-&lt;ADMR.O>-TO-BUY   04-21 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADMAR &lt;ADMR.O> TO BUY SELECTCARE</TITLE>
+<DATELINE>    ORANGE, Calif., April 21 - </DATELINE><BODY>Admar Group Inc said it agreed
+in principle to acquire SelectCare Management Co Inc for a
+combination of cash and stock totaling 3.6 mln dlrs.
+    SelectCare, based in Torrance, Calif., manages alternative
+health care delivery systems, Admar said.
+    It said the company has annual revenues of about 1.5 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21643" NEWID="16993">
+<DATE>21-APR-1987 10:56:58.61</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1227&#31;reute
+b f BC-/-FED-EXPECTED-TO-ADD   04-21 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD RESERVES IN MONEY MARKET</TITLE>
+<DATELINE>    NEW YORK, April 21 - </DATELINE><BODY>The Federal Reserve is expected to
+enter the U.S. government securities market to add temporary
+reserves, economists said.
+    They said it is likely to supply the reserves indirectly by
+arranging two to 2.5 billion dlrs of customer repurchase
+agreements. There is less chance of a direct reserve add
+instead via System repurchase agreements.
+    Federal funds, which averaged 6.21 pct yesterday, opened at
+6-3/8 pct and traded between there and 6-7/16 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21644" NEWID="16994">
+<DATE>21-APR-1987 10:57:51.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1230&#31;reute
+u f BC-ALFIN-&lt;AFN>-DRUG-MISL   04-21 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALFIN &lt;AFN> DRUG MISLABELLED, SAYS FDA</TITLE>
+<DATELINE>    NEW YORK, April 21 - </DATELINE><BODY>Alfin Inc &lt;AFN> said it has received a
+regulatory letter from the Office of Compliance of the U.S.
+Food and Drug Administration asserting that because of
+labelling and certain advertising claims its Glycel products
+are "new drugs" within the meaning of the Federal Food, Drug
+and Cosmetic Act for which no approval has been obtained and
+are "misbranded" in their labelling.
+    The company said it understands that this action is part of
+an industry-wide investigation.
+    The company added it is reviewing the matter with counsel,
+intends to respond and take corrective action, if necessary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21645" NEWID="16995">
+<DATE>21-APR-1987 11:04:53.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1268&#31;reute
+u f BC-SUPREME-COURT-UPHOLDS   04-21 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPREME COURT UPHOLDS INDIANA TAKEOVER LAW</TITLE>
+<DATELINE>    WASHINGTON, April 21 - </DATELINE><BODY>The Supreme Court, in a 6-3
+decision, ruled that an Indiana law aimed at protecting
+companies from hostile takeovers by out-of-state businesses is
+constitutional.
+    The high court justices reversed a ruling by a U.S. Court
+of Appeals in Chicago that struck down the 1986 control-share
+acquisition law.
+    The case involved a hostile takeover bid by Dynamics Corp
+of America against CTS Corp, based in Elkhart, Ind.
+    Dynamics made a tender offer in 1985 for one million shares
+to bring its holdings of CTS stock to 27.5 pct of the company's
+total.
+   
+    After CTS invoked the state law, Dynamics filed a lawsuit
+challenging the constitutionality of the measure.
+    One effect of the law is to impose a 50-day delay on the
+tender offer at the option of the target company.
+    It also requires that the acquisition for control shares in
+an Indiana corporation does not include voting rights unless a
+majority of all pre-existing shareholders so agree at their
+next regularly scheduled meeting.
+    Justice Lewis Powell, writing for the court majority, held
+that the state law was not pre-empted by federal securities
+law.
+   
+    "The Indiana Act protects independent shareholders from the
+coercive aspects of tender offers by allowing them to vote as a
+group," he said.
+    He acknowledged that the law may delay some tender offers
+and may decrease the number of successful tender offers for
+Indiana corporations.
+    But he said the law does not discriminate against
+interstate commerce and was justified by the state's interests
+in protecting shareholders.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21646" NEWID="16996">
+<DATE>21-APR-1987 11:07:16.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1283&#31;reute
+u f BC-STATE-OF-N.J.-IN-43-M   04-21 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATE OF N.J. IN 43 MLN DLR PROGRAM STOCK SALE</TITLE>
+<DATELINE>    NEW YORK, April 21 - </DATELINE><BODY>The State of New Jersey said that it
+sold 23 stocks in a program trade worth 43 mln dlrs this
+morning.
+    Roland Machold, director of the Division of Investment for
+the state of New Jersey, said, "the sale was part of our
+ongoing divestment program."
+    Under N.J. state law enacted in August 1985, the state must
+divest all securities, stocks and bonds, of companies that do
+business in, or with South Africa by August 1988, Machold said.
+    He said "in order to be fully divested by August 1988, we
+will probably have to sell an average every week of between 50
+mln and 75 mln dlrs of stock."
+    The stocks sold in today's program sale include Abbott
+Laboratories &lt;ABT>, Allied Signal Inc &lt;ALD>, CitiCorp &lt;CCI>,
+Ford Motor Co &lt;F>, General Motors &lt;GM>, Gillette Co &lt;GS>, H.J.
+Heinz &lt;HNZ>, IBM &lt;IBM>, Minnesota Mining and Manufacturing
+&lt;MMM>, Mobil &lt;MOB>, Monsanto Co &lt;MTC>, NCR Corp &lt;NCR>, Pepsico
+Inc &lt;PEP>, Pfeizer &lt;PFE>, Union Camp &lt;UCC>, USX &lt;X>,
+Westinghouse Electric &lt;WX>, Weyerhaeuser Co &lt;WY>, American
+International Group &lt;AIG>, CBS &lt;CBS>, Coca-Cola &lt;KO>, Merck
+&lt;MRK> and Upjohn &lt;UPJ>.
+    Machold said that one brokerage house handled today's sale
+but seven houses bid on the deal. He would not disclose the
+brokerage house that handled the sale.
+    "The total value of the sales to date," Machold said, "are
+about three billion dlrs in book value and about four billion
+dlrs in market value."
+    He said that because of the difficulty of defining
+companies that do business with South Africa, it is difficult
+to determine exactly how much future sales will be worth.
+Machold estimated the book value of future sales to August 1988
+will be in the range of 1.2 billion dlrs to 5.2 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21647" NEWID="16997">
+<DATE>21-APR-1987 11:08:25.63</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>congo</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1286&#31;reute
+u f BC-DU-PONT'S-&lt;DD>-CONOCO   04-21 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DU PONT'S &lt;DD> CONOCO FINDS OIL OFFSHORE CONGO</TITLE>
+<DATELINE>    HOUSTON, April 21 - </DATELINE><BODY>Du Pont Co's Conoco Inc said the Viodo
+Marine Number one exploratory well offshore the People's
+Republic of the Congo produced up to 1,135 barrels of 26.55
+degree gravity oil daily in tests through a 3/4 inch choke.
+    The company said the well, in 202 feet of water about 10
+miles west of Pointe-Noire, Congo, was drilled to a depth of
+11,527 feet and tested between 7,204 feet and 11,300 feet.
+    The well is located on the Marine II block, a 260,000 acre
+offshore permit acquired in May 1985, where Conoco is operator
+with a 42.5 pct interest. &lt;Orange-Nassau Marine C.V.> owns 7.5
+pct and Hydro Congo, the state oil company, 50 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21648" NEWID="16998">
+<DATE>21-APR-1987 11:15:26.91</DATE>
+<TOPICS><D>nickel</D><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1311&#31;reute
+r f BC-FALCONBRIDGE-&lt;FALCF.O   04-21 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FALCONBRIDGE &lt;FALCF.O> SEES IMPROVED RESULTS</TITLE>
+<DATELINE>    TORONTO, April 21 - </DATELINE><BODY>Falconbridge Ltd said it expected
+results for the rest of 1987 to improve from the earlier
+reported first quarter operating loss of 15.4 mln dlrs.
+    Chief executive William James told reporters after the
+annual meeting that "I would hope that the loss for the year
+certainly wouldn't be a high as the loss for the first quarter.
+In other words we are going to make money from here on in."
+    Falconbridge last year made a first quarter operating loss
+of 17.1 mln dlrs and a full-year operating loss of 15.5 mln
+dlrs.
+    James said currency losses tied to the stronger Canadian
+dollar resulted for about eight mln dlrs of the first quarter
+operating loss. Falconbridge records its cash and accounts
+receivable in U.S. dollars, with the Canadian dollar equivalent
+decreasing as the U.S. dollar falls.
+    He said the first quarter loss also stemmed from weaker
+nickel and ferronickel prices and lower production at the
+company's Sudbury, Ontario nickel operations and at some Kidd
+Creek operations. Falconbridge anticipates higher production
+through the rest of the year and higher average prices this
+year for precious metals, James added, without elaborating.
+    Falconbridge has no immediate plans for further
+divestments, James said in reply to reporters' inquiries. The
+company sold several mining subsidiaries last year to help pay
+down debt from its January, 1986 acquisition of Kidd Creek
+Mines Ltd from Canada Development Corp &lt;CDC.TO>.
+    He said Falconbridge's debt now totaled about one billion
+dlrs, down from 1.37 billion dlrs at the time of the Kidd Creek
+buy.
+    James said he could not assess the impact of Amoco Corp
+&lt;AN>'s proposed acquisition of Dome Petroleum Ltd &lt;DMP>. Dome's
+23 pct-owned Dome Mines Ltd &lt;DM> owns 21 pct of Falconbridge.
+    Asked by reporters if Falconbridge preferred competing Dome
+bidder, Calgary, Alberta-based TransCanada PipeLines Ltd to
+Chicago-based Amoco, James replied, "It makes no difference to
+me...whoever takes it over is fine by us."
+    He told shareholders that Falconbridges' planned capital
+expenditures this year would decline to 134 mln dlrs from 160
+mln dlrs last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21649" NEWID="16999">
+<DATE>21-APR-1987 11:17:03.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1321&#31;reute
+r f BC-SYMBOL-TECHNOLOGIES-&lt;   04-21 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYMBOL TECHNOLOGIES &lt;SMBL.O> FILES SHARE OFFER</TITLE>
+<DATELINE>    BOHEMIA, N.Y., April 21 - </DATELINE><BODY>Symbol Technologies Inc said it
+filed with the Securities and Exchange Commission to offer two
+mln shares of common stock through Shearson Lehman Brothers Inc
+and L.F. Rothschild Unterberg Towbin Inc.
+    The shares offered do not include shares issuable under an
+over-allotment and 48,075 shares to be sold by selling
+shareholders, the maker of bar-code reading equipment said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21650" NEWID="17000">
+<DATE>21-APR-1987 11:24:34.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f1355&#31;reute
+r f BC-transcanada-&lt;trp>-den   04-21 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSCANADA &lt;TRP> DENIES REPORTS OF NEW BID</TITLE>
+<DATELINE>    Toronto, April 21 - </DATELINE><BODY>TransCanada PipeLines Ltd denied
+reports that it raised its offer for Dome Petroleum Ltd &lt;DMP>
+to 5.5 billion Canadian dlrs from 4.3 billion.
+    A report on the Canadian Broadcasting Corp (CBC) late last
+night said TransCanada's new bid was rejected by Dome, which
+has accepted a 5.1 billion dlr bid from Amoco Corp &lt;AN>.
+    "We still want to acquire Dome's assets and are prepared to
+negotiate. However, we have not presented a new proposal to the
+company since April 16 and Dome has refused to negotiate with
+TransCanada since that date," said TransCanada president Gerald
+Maier.
+    TransCanada said its proposal consists of two parts -- 4.5
+billion dlrs in cash and securities and one billion dlrs of
+payments to creditors based on future profits.
+    Last week, TransCanada valued the first part of its offer
+at 4.3 billion dlrs, but a spokesman today said the company
+increased the estimated value of that part to 4.5 billion dlrs
+after the recent gain in Dome's stock.
+    Dome was halted today on the Toronto Stock Exchange pending
+clarification of TransCanada's offer. It last traded at 1.70
+dlrs per share. Two weeks ago, before TransCanada's offer, Dome
+traded at about 1.10 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-017.sgm b/textClassication/reuters21578/reut2-017.sgm
new file mode 100644
index 0000000..e0a4a78
--- /dev/null
+++ b/textClassication/reuters21578/reut2-017.sgm
@@ -0,0 +1,36256 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21651" NEWID="17001">
+<DATE>21-APR-1987 11:35:01.50</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>brazil</D></PLACES>
+<PEOPLE><D>dauster</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1400&#31;reute
+b f BC-IBC-COFFEE-AUCTIONS-T   04-21 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC COFFEE AUCTIONS TO START SOON - DAUSTER</TITLE>
+<DATELINE>    LONDON, April 21 - </DATELINE><BODY>The Brazilian Coffee Institute, IBC,
+plans to sell in a series of auctions over the next few weeks
+robusta coffee purchased in London last year, but details of
+where and when auctions will take place are still to be
+finalised, IBC president Jorio Dauster told reporters.
+    The sales of 630,000 bags of robusta and an unspecified
+amount of Brazilian arabica coffee will take place over a
+minimum of six months but it is not decided where sales will
+take place or whether they will be held weekly or monthly.
+    The amount offered at each sale has also not been set, but
+could be in the order of 100,000 bags, Dauster said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21652" NEWID="17002">
+<DATE>21-APR-1987 11:37:33.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1416&#31;reute
+u f BC-AMCA-(AIL)-NAMES-NEW   04-21 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMCA (AIL) NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    TORONTO, April 21 - </DATELINE><BODY>AMCA International Ltd said it
+appointed president and chief executive officer WIlliam Holland
+to succeed Kenneth Barclay as chairman.
+    Barclay, who is 60 years old, decided not to stand for
+reappointment as chairman this year but will continue as a
+director, AMCA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21653" NEWID="17003">
+<DATE>21-APR-1987 11:38:04.12</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1418&#31;reute
+u f BC-API-OIL-INVENTORY-REP   04-21 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>API OIL INVENTORY REPORT TO BE ISSUED TONIGHT</TITLE>
+<DATELINE>    NEW YORK, APRIL 21 - </DATELINE><BODY>The American Petroleum Institute, API,
+said its weekly U.S. petroleum inventory report will be issued
+tonight, despite many company closures on Friday of last week
+for the Easter holiday.
+    The API report is usually released around 1700 EDT on
+Tuesday nights.
+    The Energy Information Administration said it also expects
+its weekly oil statistic report to be released as usual, on
+Wednesday night at about 1700 EDT.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21654" NEWID="17004">
+<DATE>21-APR-1987 11:44:00.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1442&#31;reute
+u f BC-FAIRCHILD   04-21 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SORO GROUP TO LIMIT FAIRCHILD &lt;FEN> STOCK BUYS</TITLE>
+<DATELINE>    WASHINGTON, April 21 - </DATELINE><BODY>Quantum Fund N.V., a Netherlands
+Antilles mutual fund for which New York investor George Soros
+is investment adviser, said it has agreed to limit further
+purchases of Fairchild Industries Inc stock.
+    In a filing with the Securities and Exchange Commission,
+Quantum, which already holds 1,647,481 Fairchild common shares,
+or 11.5 pct of the total outstanding, said it agreed to the
+restriction after Fairchild said its security clearance might
+be jeopardized if Quantum acquires a major stake in it.
+    But Quantum said Fairchild management was told that Soros,
+acting either individually or through entities other than
+Quantum that he controls, may decide to buy common stock in the
+company on his own behalf.
+    Quantum had recently notified the Federal Trade Commission
+under the Hart-Scott-Rodino Antitrust Improvements Act of 1976
+that it might buy up to 49.9 pct of Fairchild's voting stock.
+Unless the FTC had objected, Quantum would have been free, but
+not obligated, to buy up to 49.9 pct of Fairchild stock.
+    Fairchild management, however, warned that if Quantum, a
+foreign entity, raises its stake in the company to 49.9 pct, it
+could "impair" the government security clearances Fairchild
+needs to carry out its its defense contract work.
+    In response, Quantum said it told Fairchild it will not
+make "significant additional purchases" of its common or
+preferred stock without giving Fairchild enough prior notice to
+enable it to consult with Quantum over the impact of action.
+    Quantum also said it has withdrawn its notification request
+to the FTC and the antitrust division of the Justice Department
+of its intent to buy up to 49.9 pct of Fairchild.
+    Quantum also said it told the FTC and the Justice
+Department that it does not expect to resubmit any further
+notifications of intent to significantly raise its stake in
+Fairchild at this time.
+    The restrictions Quantum has agreed to follow regarding
+further dealings in Fairchild stock do not apply to Soros as an
+individual investor.
+     Fairchild's annual shareholders meeting is scheduled to be
+held tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21655" NEWID="17005">
+<DATE>21-APR-1987 11:45:56.03</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1446&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   04-21 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA TWO-DAY REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, April 21 - </DATELINE><BODY>The Federal Reserve entered the U.S.
+Government securities market to arrange two-day System
+repurchase agreements, a Fed spokesman said.
+    Dealers said that Federal funds were trading at 6-7/16 pct
+when the Fed began its temporary and direct supply of reserves
+to the banking system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21656" NEWID="17006">
+<DATE>21-APR-1987 11:49:31.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1466&#31;reute
+d f BC-CAPITAL-ASSOCIATES-&lt;C   04-21 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPITAL ASSOCIATES &lt;CAII.O> TO TRADE ON NASDAQ</TITLE>
+<DATELINE>    COLORADO SPRINGS, Colo., April 21 - </DATELINE><BODY>Capital Associates Inc
+said its common stock will be included in NASDAQ's national
+market system, starting today.
+    Capital Associates is an equipment leasing and financial
+service company with headquarters in Colorado Springs, Colo.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21657" NEWID="17007">
+<DATE>21-APR-1987 11:52:37.63</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1486&#31;reute
+u f BC-/MINT-REVIEWS-OFFERS   04-21 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINT REVIEWS OFFERS ON 3,701,000 LBS COPPER</TITLE>
+<DATELINE>    WASHINGTON, April 21 - </DATELINE><BODY>The U.S. Mint received 17 offers
+from seven firms at prices ranging from 0.66845-0.6840 dlrs per
+lb for payment by standard check and 0.66695-0.68 dlrs per lb
+for wire transfer payment in a review of offers on 3,701,000
+lbs of electrolytic copper it is seeking to purchase.
+    Philipp Brothers, N.Y., led with the lowest offers of
+0.66695 for wire transfer payment and 0.66845 dlrs per lb to be
+paid by check, followed by Cerro Sales Corp, N.Y., with 0.6684
+dlrs per lb on one mln lbs for wire payment, and 0.6713 dlrs
+per lb on one mln lbs for standard payment.
+    Firms, in submitting offers, elect to be paid by standard
+check or wire transfer, with awards based on whichever of the
+two methods is more cost advantageous at that time.
+    Cerro Sales also offered prices for wire payment of 0.6689
+dlrs per lb on one mln lbs and 0.6693 dlrs per lb on 1,701,000
+lbs. Cerro's standard payment offers included 0.6719 dlrs per
+lb on one mln lbs and 0.6723 dlrs per lb on 1,701,000 lbs.
+    Cargill Metals, Minneapolis, offered 0.67025 dlrs per lb
+for wire payment and 0.67275 dlrs per lb for standard payment,
+while Elders Raw Materials, Darien, Ct., offered 0.6718 dlrs
+per lb for wire payment and 0.6735 dlrs per lb for standard
+payment on increments of 950,000 lbs each.
+    Other offers for wire transfer payment include 0.6759 dlrs
+per lb on 380,000 lbs, submitted by Deak International, N.Y.,
+0.6789 dlrs per lb on the entire quantity by Diversified Metals
+Corp, St. Louis, and 0.68 dlrs per lb by Gerald Metals,
+Stamford, Ct.
+    Other standard payment offers include 0.6819 dlrs per lb on
+950,000 lbs by Diversified Metals, and 0.6840 dlrs per lb on
+the entire quantity by Gerald Metals.
+    The Mint said the copper is for delivery the week of May 11
+to Olin Corp, East Alton, Ill.
+    The offers have a minimum acceptance period of three
+calendar days, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21658" NEWID="17008">
+<DATE>21-APR-1987 11:55:33.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1500&#31;reute
+r f BC-ahed-&lt;aHM.TO>-may-iss   04-21 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AHED &lt;AHM.TO> MAY ISSUE ONE MLN SHARES</TITLE>
+<DATELINE>    Toronto, April 21 - </DATELINE><BODY>Ahed Corp said it began discussions
+with an investment dealer about issuing an additional one mln
+treasury shares in the near future.
+    Ahed also said it believes recent increases in its stock
+price could be attributable to a published report describing
+the activities of the company.
+    Ahed said no other events are known to have taken place
+which would cause these recent price increases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21659" NEWID="17009">
+<DATE>21-APR-1987 11:55:57.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1503&#31;reute
+r f BC-U.S.-WEST-&lt;USW>-INTRO   04-21 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WEST &lt;USW> INTRODUCES DATA NETWORK PRODUCT</TITLE>
+<DATELINE>    NEW YORK, April 21 - </DATELINE><BODY>U.S. WEST INC said it introduced its
+first product for managing data networks, called the NETCENTER
+graphic network monitor.
+    The product was developed by U.S. WEST Network Systems Inc,
+a subsidiary of U.S. WEST INC, it said. It will be distributed
+in the third quarter of 1987.
+    The company said the product is aimed at companies with IBM
+SNA networks, and will allow customers control over their own
+networks.
+   
+    The initial license fee for a typical configuration will be
+in the 100,000 dlr to 300,000 dlr range, depending on the size
+of the network, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21660" NEWID="17010">
+<DATE>21-APR-1987 12:04:11.03</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>barley</D><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1537&#31;reute
+u f BC-FRENCH-WINTER-CEREAL   04-21 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH WINTER CEREAL SOWING SEEN LITTLE CHANGED</TITLE>
+<DATELINE>    PARIS, April 21 - </DATELINE><BODY>The Ministry of Agriculture left its
+estimates of French winter cereal sowings for the 1986/87
+campaign barely changed at 6.606 mln hectares compared with its
+previous forecast of 6.601 mln.
+    This compared with the 6.41 mln ha of winter cereals
+harvested in the 1985/86 campaign.
+    Winter soft wheat sowings were put at 4.647 mln ha compared
+with its previous estimate of 4.651 mln and 4.57 mln ha
+harvested last campaign. Winter barley plantings were forecast
+at 1.46 mln ha, unchanged from its previous estimate and
+compared with 1.41 mln harvested last season.
+    The ministry put hard winter wheat sowings at 246,000 ha
+versus a February 1 estimate of 236,000 and actual area
+harvested last campaign of 217,000.
+    Winter rape plantings were forecast at 627,000 ha against a
+previous estimate of 621,000 and 375,000 rpt 375,000 harvested
+in 1985/86.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21661" NEWID="17011">
+<DATE>21-APR-1987 12:11:18.43</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1591&#31;reute
+r f BC-ENERGEX-MINERALS-&lt;EGX   04-21 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGEX MINERALS &lt;EGX> MAY RUN UP TO THREE PITS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, April 21 - </DATELINE><BODY>Energex Minerals
+Ltd said economic evaluation of reserves indicates high-grade
+operation from three open pits may be feasable based on
+five-year operation at 100 tons a day, a payback of less than
+1-1/2 years.
+    An increase in the project's life, profitability and scale
+is anticipated as additional reserves are developed in 1987,
+the company said.
+    Current reserves are one mln long tons at 0.20 ounce gold
+per ton, all categories; proven-probable 262,242 long tons at
+0.25 ounce gold per ton, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21662" NEWID="17012">
+<DATE>21-APR-1987 12:13:27.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f1605&#31;reute
+r f BC-dome-&lt;dmp>-executives   04-21 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURNER TO MEET WITH DOME &lt;DMP> EXECUTIVES</TITLE>
+<DATELINE>    Ottawa, April 21 - </DATELINE><BODY>Liberal Party leader John Turner said he
+will meet with senior executives of Dome Petroleum Ltd in
+Calgary tomorrow to discuss the proposed sale of Dome.
+    Turner's office said he will hold a news conference
+tomorrow at 1400 MDT (1600 EDT) in Calgary.
+    Turner, who is opposition leader in Parliament, has
+criticized Dome's acceptance of a 5.1 billion dlr takeover bid
+from Amoco Corp &lt;AN> as a sell-out of Canada's oil industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21663" NEWID="17013">
+<DATE>21-APR-1987 12:13:34.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1606&#31;reute
+r f BC-NEW-YORK-TIMES-&lt;NYT>   04-21 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK TIMES &lt;NYT> SEES UNEVEN GAINS IN 1987</TITLE>
+<DATELINE>    HUNTSVILLE, Ala., April 21 - </DATELINE><BODY>The New York Times Co said
+that if prevailing business conditions continue, the company
+sees "another outstanding year, although the remaining quarters
+of 1987 will probably not show uniform gains."
+    The company's first quarter earnings rose 21 pct to 41.1
+mln dlrs or 50 cts a share compared to 33.9 mln dlrs or 42 cts
+a share in the year-ago quarter restated for a two-for-one
+stock split.
+   
+    The company also said its newspaper division, which
+includes the New York Times and 32 regional newspapers, had a
+first quarter operating profit of 69.8 mln dlrs compared with
+60.7 mln dlrs in the year-ago first quarter mainly due to
+advertising volume and rate increases.
+    The company's magazine division, which includes "Family
+Circle," had a first quarter profit of 9.7 mln dlrs compared to
+7.4 mln dlrs in the year ago quarter.
+    The company's broadcasting and cable tv group reported an
+operating profit of 2.9 mln dlrs compared to 2.6 mln dlrs in
+the year-ago first quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21664" NEWID="17014">
+<DATE>21-APR-1987 12:14:27.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1611&#31;reute
+u f BC-BANKERS-TRUST-&lt;BT>-TI   04-21 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST &lt;BT> TIES NET TO CURRENCY EARNINGS</TITLE>
+<DATELINE>    NEW YORK, April 21 - </DATELINE><BODY>Bankers Trust New York Corp said its
+first quarter foreign exchange trading income rose to 82.8 mln
+dlrs from 20.9 mln dlrs in the first qtr of 1986, offsetting
+the bank's 7.4 mln dlr loss incurred from placing 540 mln dlrs
+of Brazilian loans on a non-accrual status.
+    Earlier, the bank reported that first quarter net income
+increased to 124.2 mln dlrs, or 1.77 dlrs a share, from 115.9
+mln dlrs, or 1.64 dlrs a share, a year ago.
+    Bankers Trust chairman Alfred Brittain III said increased
+non-interest income, a lower provision for loan-losses and
+increased net interest income also helped first quarter net.
+   
+    Bankers Trust previously announced that the 540 mln dlrs in
+non-accruable Brazilian loans would cut its first quarter
+earnings by 7.4 mln dlrs, and could slice about 30 mln dlrs
+from the full year's net.
+    Bankers Trust said non-interest income in the first quarter
+equaled 275.4 mln dlrs, up 37.1 mln dlrs from a year ago.
+    Loan losses fell in the quarter to 22 mln dlrs, versus 40
+mln dlrs a year ago while taxable net interest income remained
+flat at 266 mln dlrs, the bank said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21665" NEWID="17015">
+<DATE>21-APR-1987 12:15:12.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1618&#31;reute
+r f BC-ALTEX-&lt;AII>-TO-SELL-O   04-21 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALTEX &lt;AII> TO SELL OILFIELD SERVICES ASSETS</TITLE>
+<DATELINE>    DENVER, April 21 - </DATELINE><BODY>Altex Industries Inc said it agreed to
+sell the assets of its wholly-owned oilfield service
+subsidiary, Parrish Oil Tools Inc.
+    The price and buyer were not disclosed.
+    Altex said Parrish had a loss from operations of 428,000
+dlrs on revenues of 881,000 dlrs in fiscal 1986 and a loss from
+operations of 48,000 dlrs on revenues of two mln dlrs in fiscal
+1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21666" NEWID="17016">
+<DATE>21-APR-1987 12:17:02.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1633&#31;reute
+r f BC-IMARK-INDS-&lt;IMAR.O>-V   04-21 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMARK INDS &lt;IMAR.O> VOTES ANNUAL 25 CT DIVIDEND</TITLE>
+<DATELINE>    GENESEO, ILL., April 21 - </DATELINE><BODY>Imark Industries Inc said its
+directors approved payment of an annual dividend of 25 cts on
+May 21, record May seven.
+    The company paid the same dividend last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21667" NEWID="17017">
+<DATE>21-APR-1987 12:17:09.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1634&#31;reute
+r f BC-DUQUESNE-LIGHT-&lt;DQU>   04-21 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUQUESNE LIGHT &lt;DQU> HURT BY LEGISLATION</TITLE>
+<DATELINE>    PITTSBURGH, APril 21 - </DATELINE><BODY>Duquesne Light Co president Wesley
+von Schack told shareholders that current state law and
+regulatory policies will result in higher capital rates and
+higher rates for customers.
+    "Pennsylvania's recently enacted excess capacity
+legislation denies shareholders the opportunity to earn a fair
+return on their investment and undermines economic development
+in Pennsylvania," von Schack told shareholders at the annual
+meeting.
+   
+   Von Schack said two major bond rating agencies have recently
+downgraded Duquesne's credit rating due to regulatory
+uncertainty. The action will result in higher capital rates and
+higher rates for customers, he said.
+    He said the Pennsylvania Utility commission indicated in
+its most recent rate case decision that even if newly
+constructed Perry No. 1 nuclear plant was in commercial
+operation, shareholders would be denied a return on their
+investment in the plant. Von Schack called on shareholders to
+join it and certain legislators' efforts to create a
+partnership to fight these issues and resolve these problems.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21668" NEWID="17018">
+<DATE>21-APR-1987 12:17:49.31</DATE>
+<TOPICS><D>interest</D><D>money-fx</D><D>gnp</D></TOPICS>
+<PLACES><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1638&#31;reute
+r f BC-CREATIVE-MONETARY-POL   04-21 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREATIVE MONETARY POLICY TO SPUR KUWAITI ECONOMY</TITLE>
+<AUTHOR>    By Rory Channing, Reuters</AUTHOR>
+<DATELINE>    KUWAIT, April 21 - </DATELINE><BODY>Kuwait, a major oil producer hit by last
+year's price slump, is leaning towards a more creative monetary
+policy to help spur its economy, banking sources said.
+    "There is a clear emphasis on encouraging the use of money
+in productive ventures, rather than having it all tied up in
+interest bearing investments which have no direct productive
+outlet," one banker said.
+    Kuwait's Central Bank yesterday cut one key money market
+rate and abandoned another which had been used since February
+1986 to direct inter-bank borrowing and lending costs.
+    The bank reduced to six pct from 6-1/2 pct the rate at
+which it will offer funds of one month to one year in the
+inter-bank market. This, in turn, affected retail rates.
+    The cut, the third this year, followed a major overhaul of
+interest rate policy last month which Central Bank Governor
+Sheikh Salem Abdul-Aziz al-Sabah said was designed to revive
+the economy.
+    One banker said "There is growing flexibility, creativity,
+in interest rate policy, amid an awareness of the need to
+diversify the economy by stimulating the non-oil sector."
+    For the first time in nearly three years domestic interest
+rates are now significantly below those for the U.S. Dollar, a
+favourite haven for Gulf speculative and investor funds in the
+past, banking sources said.
+    Despite uncertainties generated by the 6-1/2 year old Iran-
+Iraq war on Kuwait's northern doorstep, bankers play down the
+prospect of any significant capital flight.
+    The Kuwaiti dinar, whose value is set by the Central Bank
+and was fixed today at 0.27095/129 to the dollar, is stronger
+now than for several years.
+    Fears that the dollar may fall further will prompt second
+thoughts among Kuwaiti investors prepared to consider switching
+funds into the U.S. Currency, the sources said.
+    "There is a distinct exchange rate risk," they added.
+    Bankers said the dollar slump hurt many investors behind
+the last major capital outflow in 1984, encouraged then by 18
+pct U.S. Interest rates and the start of Iranian attacks on
+neutral shipping in the Gulf.
+    The Central Bank calculates its dinar exchange rate against
+a basket of currencies. Bankers do not know the basket's exact
+make-up but say it is weighted heavily in favour of the dollar.
+    Some bankers believe any strengthening of the dinar beyond
+0.27000 to the dollar might provoke investors into shifting
+funds into the U.S. Currency. "They may ask:When will the dollar
+be so cheap again?" one said.
+    And with dinar interest rates now roughly one pct below
+those for the dollar, they say the Central Bank faces a
+delicate balancing role requiring further flexibility.
+    Bankers said the current, expansionary interest rate policy
+is only part of a broader attempt to encourage local investment
+and strengthen the backbone of the economy.
+    They estimate the economy, measured in terms of GDP and
+allowing for inflation, shrank 19 pct in 1986 after an 8.1 pct
+contraction the previous year.
+    Bankers also noted recent measures to stimulate stock
+market activity, capped today by sharp cuts in brokerage fees
+to make it cheaper for investors to trade.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21669" NEWID="17019">
+<DATE>21-APR-1987 12:23:33.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1672&#31;reute
+r f BC-CSX-&lt;CSX>-UNIT-CHAIRM   04-21 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSX &lt;CSX> UNIT CHAIRMAN RETIRES</TITLE>
+<DATELINE>    WHITE SULPHUR SPRINGS, W. Va., April 21 - </DATELINE><BODY>CSX Corp said
+that Joseph Abely, chairman and chief executive officer of
+CSX's Sea-Land Corp unit, will retire by the end of the month.
+    The company said he will be replaced by Robert Hintz,
+executive vice president of CSX and president and chief
+executive officer of the company's energy and properties
+groups.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21670" NEWID="17020">
+<DATE>21-APR-1987 12:28:08.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1702&#31;reute
+d f BC-BRAZIL-FUND-SHOULD-ST   04-21 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL FUND SHOULD START OPERATING SOON</TITLE>
+<DATELINE>    SAO PAULO, April 21 - </DATELINE><BODY>A Brazil Fund through which foreign
+investors will be able to buy stocks in Brazilian companies
+should start operating in about two months, the Securities and
+Exchange Commission said.
+    A spokesman told Reuters that four institutions in the
+United States were interested in participating in the Fund --
+Merrill Lynch and Co Inc, Salomon Brothers Inc, the IFC and the
+First Boston Corp.
+    The spokesman said the Fund, approved last December, was
+expected to attract about 100 mln dlrs of investments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21671" NEWID="17021">
+<DATE>21-APR-1987 12:36:27.62</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1756&#31;reute
+u f BC-JAPAN-BUYS-4,000-TONN   04-21 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS 4,000 TONNES OF CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, April 21 - </DATELINE><BODY>Japan bought 4,000 tonnes of Canadian
+rapeseed for last-half May/first-half June shipment, nearly
+completing buying for May needs, trade sources said. 
+    Price details were not available.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21672" NEWID="17022">
+<DATE>21-APR-1987 12:39:08.68</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>south-korea</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1763&#31;reute
+u f BC-SOUTH-KOREA-BUYS-50,0   04-21 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA BUYS 50,000 TONNES CANADIAN WHEAT</TITLE>
+<DATELINE>    WINNIPEG, April 21 - </DATELINE><BODY>South Korea yesterday bought 50,000
+tonnes of Canadian feed wheat for late June/early July shipment
+at 95.00 dlrs per tonne FOB Vancouver, trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21673" NEWID="17023">
+<DATE>21-APR-1987 12:39:55.30</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f1766&#31;reute
+r f BC-WASHINGTON-BUDGET   04-21 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE PREPARING FOR NEW U.S. BUDGET BATTLE</TITLE>
+<AUTHOR>    By Michael Posner, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 21 - </DATELINE><BODY>Congress returned from its Easter
+recess ready for the annual Spring budget battle that promises
+to be a partisan dispute.
+    The budget fight pitting Democrats against President Reagan
+and Republicans is expected to get underway this week in the
+Senate late this week and last at least another week. It is
+taking on new prominence because of current trade woes.
+    That is because the budget problems and its associated huge
+deficits are said to be at the root of related international
+trade friction currently worrying financiers.
+    As the dollar slides downward on global markets and stock
+exchanges gyrate wildly, the trade dispute involving the United
+States and Japan once again is spreading fears of a major trade
+war between the two trading giants for the first time since
+World War II.
+    Ostensibly that dispute is over U.S. charges that Japan is
+refusing to open its markets to semi-conductor chips and the
+resulting U.S. tariffs doubling prices of Japanese televisions
+and small computers.
+    Behind the elements of a brewing trade war which neither
+side wants, is the dilemma of the U.S. budget and its deficit.
+    Some analysts say the financial markets may be waking up to
+the economic realities that the huge debt cannot continue to
+grow without repercussions.
+    A large portion of the U.S. debt has been financed by
+foreigners from their accumulated trade surpluses. But if they
+withdraw this support the result can only be further problems,
+including higher interest rates for Americans.
+    In a nutshell, the U.S. budget process has now moved to the
+showdown stages in Congress. Reagan's own trillion dollar
+spending budget for the government year 1988, starting Oct. 1,
+was trounced badly in the House on April 9.
+    The Senate takes up a plan similar to one that passed the
+House, calling for slashing the deficit from its estimated 171
+billion dlr level next year to about 134 billion dlrs, through
+defense and domestic spending cuts and about 18.5 billion dlrs
+in new, unspecified, taxes. As the Senate prepares to take up
+its own budget plan, majority Democrats predict there will be
+passage of a bill, only after a protracted partisan battle.
+    In the House, not one Republican voted for the budget,
+which passed by 230 to 192. In the Senate, none of Reagan's
+Republicans voted for the budget as it passed out of the Senate
+Budget Committee for full Senate consideration.
+    A key Senate Budget Committee source told Reuters he
+believes this very unusual unanimous opposition was by design
+among congressional Republicans, perhaps with the tacit
+approval of the White House.
+    "Republicans want Democrats to take the heat for any tax
+hikes and defense cuts," he said.
+    In the coming weeks, the source said, Democrats will press
+for a bipartisan budget and seek a negotiated budget with
+Reagan -- who already is opposed to the idea. But "it is not
+clear how the Republicans will act," he added.
+    He said Republicans may propose their own plan for lower
+taxes and more defense spending, which they did not offer after
+Reagan's budget was clobbered in an early vote in the House.
+     When Reagan entered the White House in 1981, he inherited
+what was labelled a huge deficit from Jimmy Carter that wound
+up to be nearly 79 billion dlrs that year.
+    Despite Reagan's promise to balance the budget by 1983,
+critics note that his administration's record of accumulated
+debt is estimated over one trillion dlrs, or 1,100 billion
+dlrs.
+    That is money the government must borrow, and pay back, and
+many analysts say it is what kept the dollar high and caused
+the worst U.S. trade deficit ever.
+     Last year the United States bought goods from the world
+worth 169.8 billion dlrs more than what it sold, including
+purchases of 58.6 billion dlrs in Japanese goods.
+    While Congress is trying to attack the trade deficit on one
+front through a get-tough trade bill promising retaliatory
+measures unless all markets are opened, its success so far
+against the budget deficit has been marked by limited progress.
+    Congress, which controls the pursestrings, has put the
+deficit on a downward path from its record high of 220.7
+billion dlrs accumulated in fiscal 1986, which ended Sept. 30.
+    Because of the Gramm-Rudman-Hollings balanced budget law
+enacted in late 1985, there has been pressure on Congress to do
+more than talk about deficits.
+    That law, named after Republican Senators Phil Gramm of
+Texas, Warren Rudman of New Hampshire and Democrat Ernest
+Hollings of South Carolina, calls for a balanced budget by 1991
+through a series of set deficit targets that Congress must meet.
+    The law has been followed, even though an enforcement
+mechanism to mandate automatic across-the-board cuts if
+Congress misses its goal was stricken by the Supreme Court.
+    The legislators have followed the targets -- on paper. But
+in reality, the goal has actually been missed. For example,
+Congress last year approved legislation to meet the 1987 target
+of a 144 billion dlr deficit. But even after approving the
+numbers, the deficit for 1987 is estimated at over 170 billion
+dlrs -- far off the target.
+    This year the target is 108 billion dlrs and that goal is
+expected to be missed widely.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21674" NEWID="17024">
+<DATE>21-APR-1987 12:42:37.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1778&#31;reute
+r f BC-COMMONWEALTH-EDISON-&lt;   04-21 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH EDISON &lt;CWE> SELLS MORTGAGE BONDS</TITLE>
+<DATELINE>    NEW YORK, April 21 - </DATELINE><BODY>Commonwealth Edison Co is raising 360
+mln dlrs via a two-tranche offering of first and refunding
+mortgage bonds, said lead manager Morgan Stanley and Co Inc.
+    A 200 mln dlr issue of bonds due 1990 has an 8-1/8 pct
+coupon and was priced at 99.775 to yield 8.21 pct, or 65 basis
+points over comparable Treasury securities.
+    A 160 mln dlr offering of bonds due 1992 has an 8-5/8 pct
+coupon and was priced at 99.85 to yield 8.661 pct, or 78 basis
+points more than Treasuries. Both tranches are non-callable for
+life and rated A-3 by Moody's and A by S and P. Salomon
+Brothers Inc co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21675" NEWID="17025">
+<DATE>21-APR-1987 12:47:33.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1796&#31;reute
+r f BC-ROYAL-RESOURCES   04-21 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUSINESSMAN HAS ROYAL RESOURCES &lt;RRCO.O> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 21 - </DATELINE><BODY>James Stuckert, a Louisville, Ky.,
+businessman, told the Securities and Exchange Commission he has
+acquired 380,000 shares of Royal Resources Corp, or 5.7 pct of
+the total outstanding common stock.
+    Stuckert said he bought the stake for 600,000 dlrs solely as
+an investment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21676" NEWID="17026">
+<DATE>21-APR-1987 12:48:28.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1800&#31;reute
+d f BC-ATT-&lt;T>-LAUNCHES-SYST   04-21 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> LAUNCHES SYSTEMS FOR SMALL BUSINESSES</TITLE>
+<DATELINE>    NEW YORK, April 21 - </DATELINE><BODY>American Telephone and Telegraph Co
+introduced two communications systems, Spirit and Merlin, and
+other products, in a bid to strengthen its position with small
+businesses, the company said.
+    The Spirit system, with a basic price tag of 1,500 dlrs,
+can handle up to six lines and 16 telephones and a more
+advanced line which can handle up to 24 lines and 48
+tlelphones.
+    ATT said the Merlin line, which starts at 2,500 dlrs, can
+handle up to 32 lines and 72 telephones.
+    ATT said the new products will eventually replace the
+current Merlin product family. Some of the systems will be
+available in May and others in the third quarter.
+    ATT also introduced software enhancements for the System
+25, for business that require PBX voice and data communications
+and need up to 150 phones. These and other enhancements will be
+available in the third quarter, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21677" NEWID="17027">
+<DATE>21-APR-1987 12:53:58.04</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1823&#31;reute
+r f BC-SPAIN-MAINTAINS-FIVE   04-21 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN MAINTAINS FIVE PCT INFLATION TARGET</TITLE>
+<DATELINE>    MADRID, April 21 - </DATELINE><BODY>Spanish Secretary of State for the
+economy Guillermo de la Dehesa said the government maintained
+its five pct inflation target for this year although a 0.6 pct
+increase in March pushed the rise in the year on year consumer
+price index to 6.3 pct.
+    De la Dehesa said the March rise, announced today by the
+National Statistics Institute, was not entirely satisfactory
+but acceptable.
+    The year on year rate at the end of February was six pct.
+Prices rose 8.3 pct last year.
+    The March rise included a 0.05 pct increase correcting an
+error in last January's consumer price index. Economists had
+earlier said the error could have been as high as 0.2 pct.
+    De la Dehesa said seasonal increases in food prices pushed
+the index up in March and he expected the rate to be lower in
+April.
+    The Communist-led Workers Commissions union said the March
+price rise showed inflation was going up again and the
+government looked increasingly unlikely to meet its five pct
+target.
+    The Workers Commissions said the inflation trend fuelled
+unions's claims to wage increases beyond the government's
+recomendation to limit wage rises at around five pct.
+    Spain is being affected by a two-month-old wave of strikes
+for wage rises. Government officials note wage settlements so
+far this year have yielded average increases upwards of six
+pct, while unions say the figure is higher then seven pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21678" NEWID="17028">
+<DATE>21-APR-1987 13:00:06.84</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1842&#31;reute
+u f BC-API-SAID-STATISTICS-T   04-21 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>API SAID STATISTICS TO BE RELEASED TONIGHT</TITLE>
+<DATELINE>    NEW YORK, April 21 - </DATELINE><BODY>The American Petroleum Institute said
+it plans to release its weekly report on U.S. oil inventories
+tonight, even though last Friday was a holiday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1671" NEWID="17029">
+<DATE>23-APR-1987 18:32:18.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3036&#31;reute
+r f BC-GCA-&lt;GCA>-COMPLETES-F   04-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GCA &lt;GCA> COMPLETES FINANCIAL RESTRUCTURING</TITLE>
+<DATELINE>    ANDOVER, Mass., April 23 - </DATELINE><BODY>GCA Corp said it completed its
+previously announced plan of financial restructuring under
+which Hallwood Group Inc &lt;HWG> took a 14 pct interest in the
+company, a maker of semiconductor manufacturing equipment.
+    The company said it also implemented a one-for-50 reverse
+stock split.
+    Under terms of the plan, the company exchanged about 109
+mln dlrs in debt to creditors and suppliers for 43 mln dlrs in
+cash, and warrants to purchase 2.2 mln shares of its common
+stock. GCA also raised 71.7 mln dlrs through the sale of common
+stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1670" NEWID="17030">
+<DATE>23-APR-1987 18:34:33.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3040&#31;reute
+u f BC-SEC   04-23 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC WARNS SECURITIES DEALERS ON HIGH MARK-UPS</TITLE>
+<DATELINE>    WASHINGTON, April 23 - </DATELINE><BODY>The Securities and Exchange
+Commission reminded securities dealers that its mark-up
+disclosure requirements also applies to transactions on
+zero-coupon securities.
+    Dealers and brokers are required by U.S. securities law to
+disclose their mark-ups if they are excessive, the SEC said in
+a public notice.
+    Further, excessive mark-ups on securities transactions,
+whether disclosed or not, violate the rules of the national
+Association of Securities Dealers Inc and Municipal Securities
+Rulemaking Board, it said.
+    In a separate action, the SEC filed a friend-of-the-court
+brief in a private civil case involving a complaint against
+Merrill Lynch over excessive mark-ups on zero-coupon bonds. The
+case is being appealed to the U.S. Appeals Court.
+    The lower court dismissed the complaint, finding antifraud
+provisions of securities laws do not prohibit undisclosed
+excessive mark-ups on securities transactions.
+    The SEC is urging the appeals court to reverse the
+decision, citing its nearly 50 year-old position that
+undisclosed excessive mark-ups by securities dealers violate
+the general antifraud provisions of securities laws.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1672" NEWID="17031">
+<DATE>23-APR-1987 18:37:03.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f3044&#31;reute
+u f BC-SOUTHAM-INC-&lt;STM.TO>   04-23 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHAM INC &lt;STM.TO> 1ST QTR NET</TITLE>
+<DATELINE>    TORONTO, April 23 -
+    </DATELINE><BODY>Oper shr 32 cts vs 37 cts
+    Oper net 18.9 mln vs 21.6 mln
+    Revs 352.1 mln vs 323.0 mln
+    Note: 1987 net excludes extraordinary gain of 2.8 mln dlrs
+or five cts shr from sale of surplus property.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1673" NEWID="17032">
+<DATE>23-APR-1987 18:45:40.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3052&#31;reute
+r f BC-LOCTITE-CORP-&lt;LOC>-3R   04-23 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOCTITE CORP &lt;LOC> 3RD QTR MARCH 31 NET</TITLE>
+<DATELINE>    NEWINGTON, Conn., April 23 - 
+    </DATELINE><BODY>Shr 96 cts vs 53 cts
+    Net 8,663,000 vs 4,798,000
+    Revs 89.7 m ln vs 66.8 mln
+    Nine mths
+    Shr 2.33 dlrs vs 1.67 dlrs
+    Net 21.1 mln vs 15.1 mln
+    Revs 241.3 mln vs 192.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1674" NEWID="17033">
+<DATE>23-APR-1987 18:56:03.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f3056&#31;reute
+u f BC-U.S.-CONGRESS-STILL-A   04-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONGRESS STILL ANGRY WITH JAPAN - ABE</TITLE>
+<DATELINE>    NEW YORK, April 23 - </DATELINE><BODY>Special Japanese envoy Shintaro Abe
+said in a brief interview with Reuters that the feeling in the
+U.S. congress is "very severe" against Japan.
+    However, Abe said he believed that neither Congress nor the
+Reagan administration wants to undermine relations with Japan.
+    He said the Reagan administration showed "relative
+understanding" of how Japan is trying to alleviate its U.S.
+trade imbalance. Abe said he was convinced "Congress and the
+administration had the same view that the relationship between
+Tokyo and Washington should not be undermined."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1675" NEWID="17034">
+<DATE>23-APR-1987 18:59:23.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3060&#31;reute
+u f BC-GLENFED-INC-&lt;GLN>-3RD   04-23 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLENFED INC &lt;GLN> 3RD QTR MARCH 31 NET</TITLE>
+<DATELINE>    GLENDALE, Calif., April 23 - 
+    </DATELINE><BODY>Oper shr 1.54 dlrs vs 82 cts
+    Oper net 33.7 mln vs 17.66 mln
+    Revs 473.1 mln vs 419.0 mln
+    Nine mths
+    Oper shr 4.60 dlrs vs 2.39 dlrs
+    Oper net 100.4 mln vs 51.0 mln
+    Revs 1.38 billion vs 1.21 billion
+    Assets 18.5 billion vs 15.5 billion
+    Deposits 13.00 billion vs 11.29 billion
+    Loans 15.04 billion vs 12.56 billion
+    Note: Oper net excludes extraordinary loss 6,636,000 and
+11.9 mln for 1987 qtr and nine mths on prepayment of borrowings
+from the Federal Home Loan Bank Board.
+    Oper also excludes tax credits of 15.8 mln vs 5,954,000 for
+qtr and 17.8 mln vs 11.6 mln for nine mths.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1676" NEWID="17035">
+<DATE>23-APR-1987 19:00:51.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3062&#31;reute
+r f BC-HORIZON-INDUSTRIES-IN   04-23 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HORIZON INDUSTRIES INC &lt;HRZN> 2ND QTR NET</TITLE>
+<DATELINE>    CALHOUN, Ga., April 23 - </DATELINE><BODY>Qtr ended April four
+    Shr profit eight cts vs loss 22 cts
+    Net profit 341,000 vs loss 903,000
+    Revs 58.4 mln vs 46.3 mln
+    Six mths
+    Shr profit 35 cts vs loss 19 cts
+    Net profit 1,466,000 vs loss 767,000
+    Revs 121.4 ln vs 95.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1677" NEWID="17036">
+<DATE>23-APR-1987 19:02:27.01</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f3063&#31;reute
+u f BC-/FED-DATA-PROVIDE-NEW   04-23 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED DATA PROVIDE NEW EVIDENCE OF TIGHTER POLICY</TITLE>
+<AUTHOR>    By Alan Wheatley, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 23 - </DATELINE><BODY>U.S. banking data released today are
+too distorted to draw sweeping conclusions about monetary
+policy, but they do support the market's assumption that the
+Federal Reserve has started to tighten its grip on credit,
+economists said.
+    "It's clear that the Fed has firmed somewhat. Discount
+window borrowings, net free reserves, the Fed funds rate
+average and the pattern of reserve additions are all consistent
+with a modest tightening," said Dana Johnson of First Chicago
+Corp.
+    Johnson, and several other economists, now estimate that
+the Fed funds rate should trade between 6-1/4 and 6-3/8 pct.
+    Discount window borrowings in the week to Wednesday were
+935 mln dlrs a day, producing a daily average for the two-week
+statement period of 689 mln dlrs, the highest since the week of
+December 31, 1986, and up from 393 mln dlrs previously.
+    Moreover, banks were forced to borrow a huge 5.2 billion
+dlrs from the Fed on Wednesday - the highest daily total this
+year - even though unexpectedly low Treasury balances at the
+Fed that day left banks with over two billion dlrs more in
+reserves than the Fed had anticipated.
+    However, economists said it is almost certain that the Fed
+is aiming for much lower discount window borrowings than
+witnessed this week. They pointed to two factors that may have
+forced banks to scramble for reserves at the end of the week.
+    First, economists now expect M-1 money supply for the week
+ended April 29 to rise by a staggering 15 to 20 billion dlrs,
+partly reflecting the parking in checking accounts of the
+proceeds from stock market sales and mutual fund redemptions to
+pay annual income taxes.
+    As banks' checking-account liabilities rise, so do the
+reserves that they are required to hold on deposit at the Fed.
+    Required reserves did indeed rise sharply by 2.5 billion
+dlrs a day in the two weeks ended Wednesday, but economists
+said the Fed may not have believed in the magnitude of the
+projected M-1 surge until late in the week and so started to
+add reserves too late.
+    Second, an apparent shortage of Treasury bills apparently
+left Wall Street dealers with too little collateral with which
+to enagage in repurchase agreements with the Fed, economists
+said. Thus, although there were 10.3 billion dlrs of repos
+outstanding on Wednesday night, the Fed may have wanted to add
+even more reserves but was prevented from doing so.
+    "It's not at all inconceivable that the Fed didn't add as
+much as they wanted to because of the shortage of collateral,"
+said Ward McCarthy of Merrill Lynch Economics Inc.
+    McCarthy estimated that the Fed is now targetting
+discount-window borrowings of about 400 mln dlrs a day,
+equivalent to a Fed funds rate of around 6-3/8 pct.
+    After citing the reasons why the Fed probably has not
+tightened credit to the degree suggested by the data,
+economists said the fact that the Fed delayed arranging 
+overnight injections of reserves until the last day of the
+statement period was a good sign of a more restrictive policy.
+    Jeffrey Leeds of Chemical Bank had not been convinced that
+the Fed was tightening policy. But after reviewing today's
+figures, he said, "It's fair to say that the Fed may be moving
+toward a slightly less accommodative reserve posture."
+    Leeds expects Fed funds to trade between 6-1/4 and 6-3/8
+pct and said the Fed is unlikely to raise the discount rate
+unless the dollar's fall gathers pace.
+    Johnson at First Chicago agreed, citing political
+opposition in Washington to a dollar-defense package at a time
+when Congress sees further dollar depreciation as the key to
+reducing the U.S. trade surplus with Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1678" NEWID="17037">
+<DATE>23-APR-1987 19:08:09.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3066&#31;reute
+r f BC-RORER-GROUP-INC-&lt;ROR>   04-23 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RORER GROUP INC &lt;ROR> 1ST QTR NET</TITLE>
+<DATELINE>    FORT WASHINGTON, Pa., April 23 - 
+    </DATELINE><BODY>Oper shr profit 34 cts vs loss 78 cts
+    Oper net profit 7,434,000 vs loss 17.0 mln
+    Revs 201.2 mln vs 171.7 mln
+    Note: Year-ago oper exludes gain on sale of businesses of
+139.6 mln.
+    Year-ago oper includes charges of 27.8 mln resulting from
+allocation of the purchase price of Revlon's businesses to
+inventory and 7.1 mln for restructuring costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1679" NEWID="17038">
+<DATE>23-APR-1987 19:36:56.77</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>costa-rica</D><D>guatemala</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f3073&#31;reute
+u f AM-centam-coffee   04-23 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILD COFFEE GROWERS TO MEET IN GUATEMALA</TITLE>
+<DATELINE>     SAN JOSE, April 23 - </DATELINE><BODY>A large group of "other milds"
+coffee-growing nations will hold talks in Guatemala next month
+to map their strategy for next September's meeting of the
+International Coffee Organisation (ICO).
+    Mario Fernandez, executive director of the Costa Rican
+coffee institute, said delegates from Mexico, the Dominican
+Republic, Peru, Ecuador, India, Papua New Guinea and five
+central american nations will participate in the two-day
+strategy session beginning May 4.
+    The main topic will be reform of what many producing
+countries perceive as the ICO's unfair distribution of export
+quotas, Fernandez said.
+    He said Costa Rica would press for quotas "based on the
+real production and export potential of each country in the
+past few years" and to distribute quotas based on "historic"
+production levels rather than recent harvests and crop
+estimates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1680" NEWID="17039">
+<DATE>23-APR-1987 19:48:08.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3076&#31;reute
+u f AM-COMSAT   04-23 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US STUDY DISCUSSES DROPPED COMSAT-CONTEL MERGER</TITLE>
+<DATELINE>    WASHINGTON, April 23 - </DATELINE><BODY>A congressional study today said the
+proposed, but now apparently abandoned, merger of the
+Communications Satellite Corp &lt;CQ> and Contel Corp &lt;CTC>
+would technically be legal but could violate the spirt of the
+law setting up COMSAT.
+    Two weeks ago before the study was completed, Contel
+announced it would seek to terminate the proposed merger.
+    The study by the non partisan Congressional Research
+Service (CRS) said "the proposed merger appears to comply,
+technically, with the mandates or letter of statutes, if may
+nevertheless violate the spirit of the law."
+    Comsat, created by a 1962 act of Congress, and Contel, a
+corporation of local telephone and communications firms, filed
+with the Federal Communications Commission last November 3 an
+application for merger. Several firms had protested the
+proposed merger.
+    In an analysis of the law, the research service issued
+several critical comments about the structure of the new firm
+and said apparent domination by Contel of a restructured COMSAT
+would have broken the spirit of the law setting up
+COMSAT.COMSAT is the U.S. arm of Intelstat, the international
+satellite communications firm. 
+ 
+Reuter...^M
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1681" NEWID="17040">
+<DATE>23-APR-1987 19:48:47.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f3077&#31;reute
+u f BC-JAPANESE-PARLIAMENT-P   04-23 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SETBACK SEEN FOR NAKASONE IN JAPANESE PARLIAMENT</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>Japan's Lower House passed the 1987
+budget after the ruling Liberal Democratic Party agreed to a
+mediation proposal that could kill its plan to introduce a
+controversial sales tax, political analysts said.
+    The move was seen as a major blow to Prime Minister
+Yasuhiro Nakasone, the leading advocate of the five pct tax.
+    Some analysts predicted Nakasone might be forced to step
+down just after the June summit of leaders from major
+industrial democracies, well before his one-year term is due to
+expire at the end of October.
+    The ruling party though was anxious to pass the budget
+before Nakasone leaves next week for the U.S. so that he could
+tell Washington the Japanese government was doing its utmost to
+boost the sagging economy and imports.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1682" NEWID="17041">
+<DATE>23-APR-1987 20:21:46.09</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3091&#31;reute
+b f BC-BANK-OF-JAPAN-INTERVE   04-23 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES IN TOKYO MARKET</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>The Bank of Japan intervened just after
+the Tokyo market opened to support the dollar from falling
+below 140.00 yen, dealers said.
+    The central bank bought a moderate amount of dollars to
+prevent its decline amid bearish sentiment for the U.S.
+Currency, they said.
+    The dollar opened at a record Tokyo low of 140.00 yen
+against 140.70/80 in New York and 141.15 at the close here
+yesterday. The previous Tokyo low was 140.55 yen set on April
+15.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1683" NEWID="17042">
+<DATE>23-APR-1987 20:24:10.50</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3092&#31;reute
+b f BC-AUSTRALIA'S-M-3-MONEY   04-23 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA'S M-3 MONEY SUPPLY RISE 1.5 PCT IN MARCH</TITLE>
+<DATELINE>    SYDNEY, April 24 - </DATELINE><BODY>Australia's M-3 money supply growth was
+1.5 pct in March and 11.3 pct in the 12 months to March, the
+Reserve Bank said.
+    This compared with a revised rise of 0.5 pct in February
+and 11.1 pct in the year to end-February.
+    The Reserve Bank said the M-3 data for March was affected
+by the start of the operations of &lt;National Mutual Royal
+Savings Bank Ltd>, which has resulted in the transfer of
+deposits (equivalent to around 1.5 pct of m-3) from the United
+Permanent Building Society to National Mutual Royal Savings
+Bank Ltd.
+    The Reserve Bank said M-3 money supply in March was 110.77
+billion Australian dlrs compared with a revised 109.11 billion
+in February and 99.48 billion in March, 1986.
+    M-3 is deposits of the private sector held by trading and
+savings banks plus holdings of notes and coins.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1684" NEWID="17043">
+<DATE>23-APR-1987 20:30:17.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3094&#31;reute
+b f BC-JAPANESE-PARLIAMENT-P   04-23 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE PARLIAMENT PASSES 1987 BUDGET</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>Parliament's Lower House passed the 1987
+budget shortly before midnight local time, official
+parliamentary sources said.
+    The move followed agreement by the ruling Liberal
+Democratic Party to a proposal that could kill its plan to
+introduce a controversial sales tax, political analysts said.
+The move was seen as a major blow to Prime Minister Yasuhiro
+Nakasone, the leading advocate of the five pct tax, they said.
+    Some analysts said Nakasone may be forced to step down
+after the June summit of heads of major industrial democracies
+and before his one-year term is due to expire at end-October.
+    Under the compromise agreed by the LDP and opposition
+parties, Lower House Speaker Kenzaburo Hara will take charge of
+the sales tax bill, appoint a ruling/opposition party council
+to debate it and allow opposition leaders to review the present
+tax system, analysts said.
+    Hara also verbally agreed to scrap the sales tax plan
+entirely if the joint council fails to reach agreement on how
+to handle the tax.
+    The opposition parties, who have been vociferously
+attacking the sales tax plan for months, hailed the decision as
+a great victory.
+    The opposition parties had already delayed passage of the
+budget for three weeks after the April 1 start of the fiscal
+year by intermittent parliamentary boycotts.
+    Although the LDP had more than enough votes to ram the
+budget through parliament, it had been reluctant to do so for
+fear of a backlash of public opinion, especially after its
+setback in recent local elections due to the sales tax issue.
+    The ruling party though was anxious to pass the budget
+before Nakasone leaves next week for the U.S. So that he could
+tell Washington the Japanese government was doing its utmost to
+boost the sagging economy and imports.
+    According to Kyodo News Service, Nakasone told reporters he
+did not think the sales tax was dead.
+    If the sales tax is dropped, it could prove a major boost
+to the economy because it would increase the government budget
+deficit, economists said.
+    The sales tax was originally scheduled to be introduced
+next January to help offset the loss of government revenues
+stemming from a cut in income and corporate taxes due to go
+into effect this month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1685" NEWID="17044">
+<DATE>23-APR-1987 20:35:24.14</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3095&#31;reute
+f f BC-Dollar-trades-at-post   04-23 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Dollar trades at post-war low of 139.50 yen in Tokyo - brokers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1686" NEWID="17045">
+<DATE>23-APR-1987 21:19:18.12</DATE>
+<TOPICS><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3111&#31;reute
+f f BC-Many-major-nations-ye   04-23 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Many major nations yesterday intervened heavily to aid dlr - Miyazawa
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1687" NEWID="17046">
+<DATE>23-APR-1987 21:25:22.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3114&#31;reute
+f f BC-STANDARD-OIL-SAYS-BRI   04-23 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>STANDARD OIL SAYS BRITISH PETROLEUM SHARE TENDER EXTENDED UNTIL MAY 4
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1688" NEWID="17047">
+<DATE>23-APR-1987 21:28:14.05</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3115&#31;reute
+b f BC-JAPAN-HAS-NO-PLANS-FO   04-23 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN HAS NO PLANS FOR NEW MEASURES TO AID DLR</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said
+Japan has no plans to take new emergency measures to support
+the dollar, other than foreign exchange intervention.
+    He also told reporters that many major nations yesterday
+intervened heavily to support the dollar against the yen.
+    Yesterday's intervention was large in terms of the
+countries involved and the amounts expended, he said.
+    With the continued fall of the dollar against the yen,
+0speculation had arisen in currency markets here that Japan
+might take new measures to support the U.S. Currency, such as
+curbing capital outflows.
+    Miyazawa said that yesterday's news of a 4.3 pct rise in
+U.S. Gnp in the first quarter had been expected. Although the
+growth looks robust on the surface, the figures in reality are
+not that good, he said.
+    He said the ruling Liberal Democratic Party (LDP) is
+expected to come up with a final set of recommendations of ways
+to stimulate the Japanese economy before Prime Minister
+Yasuhiro Nakasone leaves for Washington next week.
+    Commenting on yesterday's report on economic restructuring
+by a high-level advisory panel to Nakasone, Miyazawa said it
+was important to put the panel's recommendations into effect.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1689" NEWID="17048">
+<DATE>23-APR-1987 21:34:36.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3117&#31;reute
+b f BC-STANDARD-OIL-SAYS-BP   04-23 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD OIL SAYS BP EXTENDS TENDER</TITLE>
+<DATELINE>    NEW YORK, April 23 - </DATELINE><BODY>Standard Oil Co &lt;SRD> said in a brief
+announcement issued after a meeting of its board of directors
+that British Petroleum Co PLC &lt;BP.L> (BP) has extended its 70
+dlr per share tender offer until midnight May 4.
+    The offer for the 45 pct of Standard shares not owned by BP
+had been due to expire midnight April 28.
+    Standard Oil said discussions with BP concerning the tender
+were continuing but provided no further details.
+    "So long as those discussions continue, no recommendation
+will be made to Standard Oil shareholders regarding the offer,"
+Standard said.
+    Standard directors met at the company's Cleveland
+headquarters on Thursday in a regularly scheduled meeting. The
+spokesman was unable to say if the meeting would continue on
+Friday.
+    A committee of independent directors previously obtained an
+opinion from First Boston Corp that the Standard shares were
+worth 85 dlrs each, 15 dlrs more than the BP offer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1690" NEWID="17049">
+<DATE>23-APR-1987 21:38:26.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3120&#31;reute
+u f BC-QANTAS-TO-BUY-EXTENDE   04-23 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QANTAS TO BUY EXTENDED RANGE BOEING 767 AIRCRAFT</TITLE>
+<DATELINE>    SYDNEY, April 24 - </DATELINE><BODY>State-owned &lt;Qantas Airways Ltd> said it
+has placed a firm order for a single Boeing Co &lt;BA.N> 767-300ER
+(extended range) aircraft for delivery in August 1988 at a cost
+of 150 mln Australian dlrs, including spares.
+    A statement said it also has options to buy six more and
+will decide in mid-1987 whether to use engines made by United
+Technologies Corp &lt;UTX> unit Pratt and Whitney or General
+Electric Co &lt;GE>.
+    The 767-300ER can carry more cargo and passengers and is
+more fuel-efficient than the 767-200, six of which Qantas has
+in service.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1691" NEWID="17050">
+<DATE>23-APR-1987 21:40:47.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3123&#31;reute
+u f BC-JAPAN-AGENCY-URGES-WA   04-23 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN AGENCY URGES WATCH ON YEN RISE EFFECTS</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>Japan should look out for possible
+effects of the yen's recent sharp rise on Japan's economy as
+growth remains slow, the government's Economic Planning Agency
+said in a monthly report submitted to cabinet ministers.
+    EPA officials told reporters the underlying trend of the
+economy is firm but growth is slow due to sluggish exports.
+    Customs-cleared exports by volume fell 4.9 pct
+month-on-month in February after a 2.8 pct fall in March.
+    The government must take adequate economic measures to
+expand domestic demand and stabilise exchange rates in a bid to
+ensure sustained econonic growth, the report said.
+    The report made a special reference to the yen's renewed
+rise and its effect on the economy, the officials said, adding
+the agency's judgement of current economic conditions has not
+changed since last month.
+    The EPA said last month Japan's economy is beginning to
+show signs of bottoming out, conditional upon exchange rates.
+    The dollar fell below 139 yen in early trading today - a
+post-war low.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1692" NEWID="17051">
+<DATE>23-APR-1987 22:03:13.44</DATE>
+<TOPICS><D>money-supply</D><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3135&#31;reute
+b f BC-JAPAN-DOES-NOT-INTEND   04-23 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DOES NOT INTEND TO EASE CREDIT - OFFICIALS</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>The Bank of Japan does not intend to ease
+credit policy further, bank officials told Reuters.
+    They were responding to rumours in the Japanese bond market
+that the central bank was planning to cut its 2.5 pct discount
+rate soon, possibly before Prime Minister Yasuhiro Nakasone
+leaves for Washington on April 29.
+    Bank of Japan governor Satoshi Sumita will be in Osaka,
+western Japan on April 27 and 28 for the annual meeting of the
+Asian Development Bank, making a rate cut announcement early
+next week a virtual impossibility, they said. April 29 is a
+holiday here.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1693" NEWID="17052">
+<DATE>23-APR-1987 22:49:55.57</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3162&#31;reute
+u f BC-NATIONAL-MUTUAL-CUTS   04-23 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL MUTUAL CUTS AUSTRALIAN PRIME TO 17.75 PCT</TITLE>
+<DATELINE>    MELBOURNE, April 24 - </DATELINE><BODY>National Mutual Royal Bank Ltd said
+it would cut its prime rate to 17.75 pct from 18.25, effective
+April 27.
+    The cut follows a trend toward lower rates started last
+month and accelerated by Westpac Banking Corp, which yesterday
+cut its prime to 17.50 pct from 18.25 pct. Westpac's 17.50 pct
+is the lowest prevailing rate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1694" NEWID="17053">
+<DATE>23-APR-1987 23:12:19.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3171&#31;reute
+u f BC-ELDERS-PURCHASE-OF-CA   04-23 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDERS PURCHASE OF CANADIAN BREWER APPROVED</TITLE>
+<DATELINE>    SYDNEY, April 24 - </DATELINE><BODY>Elders IXL Ltd &lt;ELXA.S> said the
+Canadian government approved its bid for &lt;Carling O'Keefe Ltd>.
+    Elders earlier announced it was buying 10.9 mln shares, or
+50.1 pct of Carling, from the Canadian subsidiary of Rothmans
+International Plc &lt;ROT.L> for 18 Canadian dlrs each.
+    Elders chairman John Elliott said in a statement when the
+offer for the ordinary shares closed on April 23, that
+acceptances representing over 93 pct of outstanding shares had
+been received. &lt;IXL Holdings> would proceed to acquire the rest
+compulsorily, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1695" NEWID="17054">
+<DATE>23-APR-1987 23:51:21.93</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3186&#31;reute
+u f BC-ECUADOR-TO-USE-COLOMB   04-23 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR TO USE COLOMBIA OIL LINK FOR FIVE YEARS</TITLE>
+<DATELINE>    BOGOTA, April 23 - </DATELINE><BODY>Ecuador will use a new pipeline link
+with Colombia to export crude oil for the next five years,
+Colombian mines and energy minister Guillermo Perry said.
+    The link will be inaugurated on May 8. It was built to
+allow Ecuador to resume exports of crude oil halted on March 5
+by earthquake damage to its Lago Agrio to Balao pipeline,
+    Once that pipeline is repaired, Ecuador will exceed its
+OPEC quota in order to offset lost income and pay debts
+contracted with Venezuela and Nigeria since the quake, Ecuador
+mines and energy minister Javier Espinosa said.
+    The two ministers were speaking at a news conference after
+signing an agreement for joint oil exploration and exploitation
+of the jungle border zone between the two nations. Drilling
+will begin in September.
+    "The agreement to transport Ecuadorean crude oil is not only
+for this emergency period but for the next five years, with
+possibility of an extension. Between 20,000 and 50,000 barrels
+per day (bpd) will be pumped along it," Perry said.
+    Espinosa said Ecuador planned to pump 35 mln barrels
+through the link in the next five years, at a cost of 75 cents
+per barrel during the first year.
+    The 43-km link, with a maximum capacity of 50,000 bpd, will
+run from Lago Agrio, the centre of of Ecuador's jungle
+oilfields, to an existing Colombian pipeline that runs to the
+Pacific port of Tumaco.
+    Espinosa said the 32-km stretch of the link built on the
+Ecuadorean side cost 10.5 mln dlrs. Perry gave no figures for
+Colombia's 11 km segment but said it was "insignificant compared
+with what we are going to earn."
+    OPEC member Ecuador was pumping around 250,000 bpd before
+the quake. Lost exports of 185,000 bpd are costing it 90 mln
+dlrs per month, Espinosa said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="1696" NEWID="17055">
+<DATE>23-APR-1987 23:57:39.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0001&#31;reute
+u f BC-SUHARTO-PARTY-SET-FOR   04-23 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUHARTO PARTY SET FOR EASY WIN IN INDONESIA POLLS</TITLE>
+<DATELINE>    JAKARTA, April 24 - </DATELINE><BODY>President Suharto's ruling Golkar party
+appears to have made substantial gains with over 75 pct of the
+votes counted in Indonesia's national elections.
+    Figures released by the election commission showed Golkar
+on target to take 70 pct of the vote.
+    Provisional figures indicate that with results of 68.9 mln
+ballots announced, Golkar had won 50.29 mln, the Moslem-based
+United Development Party 10.93 mln and the nationalist
+Democratic Party 7.69 mln.
+    The total electorate is 94 mln and officials said they
+thought about 90 pct of the votes had been counted.
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21679" NEWID="17056">
+<DATE>24-APR-1987 06:10:35.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>zse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0368&#31;reute
+r f BC-DENMARK'S-NOVO-INDUST   04-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENMARK'S NOVO INDUSTRI GETS SWISS SHARE LISTING</TITLE>
+<DATELINE>    COPENHAGEN, April 24 - </DATELINE><BODY>Danish-based insulin and enzymes
+producer Novo Industri A/S &lt;NVO.CO> said in a statement that
+its "B" shares would be listed on stock exchanges in Zurich,
+Basel and Geneva from May 4.
+    The aim is to create broader European interest in Novo
+stock, currently listed in Copenhagen, London and New York,
+said the statement issued after yesterday's ordinary general
+meeting.
+    Novo said more than 50 pct of its B shares were owned by
+U.S. Investors. The new listings, the first by a Danish company
+on the Swiss exchanges, will not involve issuing of new share
+capital.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21680" NEWID="17057">
+<DATE>24-APR-1987 06:16:49.25</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0376&#31;reute
+u f BC-TAIWAN-TO-TENDER-UP-T   04-24 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN TO TENDER UP TO 87,000 TONNES OF U.S. MAIZE</TITLE>
+<DATELINE>    TAIPEI, April 24 - </DATELINE><BODY>The joint committee of Taiwan's maize
+importers will tender on April 29 for two cargoes of U.S.
+Maize, totalling between 54,000 and 87,000 tonnes for delivery
+between May 21 and June 25, a committee spokesman told Reuters.
+    Taiwan has set a calendar 1987 import target of 2.92 mln
+tonnes compared with imports of 3.05 mln in 1986. About 80 pct
+of the imports are expected to come from the U.S. And the rest
+from South Africa, the spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21681" NEWID="17058">
+<DATE>24-APR-1987 06:18:18.37</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE><D>languetin</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0379&#31;reute
+u f BC-SWISS-COMMITTED-TO-JO   04-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS COMMITTED TO JOINT CURRENCY INTERVENTION</TITLE>
+<DATELINE>    BERNE, April 24 - </DATELINE><BODY>The Swiss National Bank will continue to
+take part in concerted intervention on currency markets as
+necessary, president Pierre Languetin told the bank's annual
+meeting.
+    He said the dollar had on occasion hit highs or lows which
+bore no relation to economic fundamentals and cooperation
+between all monetary authorities was necessary to prevent it
+breaching thresholds that would damage everyone.
+    "We are resolved -- as we have done in the past -- to take
+part in concerted intervention to the extent that this is
+possible and desirable," Languetin said.
+    Languetin said Switzerland had noted with satisfaction the
+six nation Paris accord on currency stabilisation measures in
+February, adding that it had anchored the principle of
+strengthened international cooperation.
+    He said measures such as recent concerted intervention were
+useful in the short term.
+    But he added, "The (Paris) Louvre accord can produce no
+lasting effects without a correction of the fundamental
+imbalances, without a reduction of the American budget deficit
+and without stronger growth in Europe and Japan."
+    Languetin said certain changes would probably be necessary
+in the "too expansive" monetary policy of the United States,
+adding that there was a prevailing view that U.S. Money supply
+was expanding too strongly.
+    "If this should last long the dollar could only be
+stabilised at the cost of a substantial easing in monetary
+policy on the part of the other central banks, which would in
+turn create the basis for a new wave of world-wide inflation,"
+he said. One positive factor was that monetary authorities in
+the most important countries had not relinquished their
+anti-inflation policies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21682" NEWID="17059">
+<DATE>24-APR-1987 06:34:22.72</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>japan</D><D>cuba</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0409&#31;reute
+u f BC-JAPANESE-BUYERS-ACCEP   04-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE BUYERS ACCEPT CUBA SUGAR DELAY - TRADERS</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>Several Japanese buyers have accepted
+postponement of between 150,000 and 200,000 tonnes of Cuban raw
+sugar scheduled for delivery in calendar 1987 until next year
+following a request from Cuba, trade sources said.
+    Cuba had sought delays for some 300,000 tonnes of
+deliveries, they said. It made a similar request in January
+when Japanese buyers agreed to postpone some 200,000 tonnes of
+sugar deliveries for 1987 until 1988.
+    Some buyers rejected the Cuban request because they have
+already sold the sugar on to refiners, they added.
+    Japanese buyers are believed to have contracts to buy some
+950,000 tonnes of raw sugar from Cuba for 1987 shipment.
+    But Japan's actual raw sugar imports from Cuba are likely
+to total only some 400,000 to 450,000 tonnes this year, against
+576,990 in 1986, reflecting both the postponements and sales
+earlier this year by Japanese traders of an estimated 150,000
+tonnes of Cuban sugar to the USSR for 1987 shipment, they said.
+    They estimated Japan's total sugar imports this year at 1.8
+mln tonnes, against 1.81 mln in 1986, of which Australia is
+expected to supply 550,000, against 470,000, South Africa
+350,000, against 331,866, and Thailand 400,000, after 390,776.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21683" NEWID="17060">
+<DATE>24-APR-1987 06:48:14.73</DATE>
+<TOPICS><D>tea</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0423&#31;reute
+r f BC-INDIA-AIMS-TO-EXPORT   04-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA AIMS TO EXPORT 280 MLN KILOS TEA BY 1990</TITLE>
+<DATELINE>    NEW DELHI, April 24 - </DATELINE><BODY>India plans to export about 280 mln
+kilos of tea a year by 1990, up from estimates of 202 mln in
+1986 and 220 mln in 1985, Minister of State for Commerce Priya
+Ranjan Dasmunsi told Parliament.
+    Bad weather reduced domestic tea output in 1986 causing a
+shortfall in exports. To boost exports the government recently
+introduced higher cash compensatory support on packet tea,
+excise tax rebate of 50 paise per kilo of bulk tea, full rebate
+of excise duty on packet tea exports and exemption of customs
+duty on filter paper used in making tea bags, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21684" NEWID="17061">
+<DATE>24-APR-1987 06:54:11.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0430&#31;reute
+u f BC-UBS-CONFIRMS-FIRST-QU   04-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UBS CONFIRMS FIRST QUARTER PROFITS LOWER</TITLE>
+<DATELINE>    ZURICH, April 24 - </DATELINE><BODY>Union Bank of Switzerland &lt;SBGZ.Z> said
+first quarter profits were higher than in the third and fourth
+quarters of 1986, but were below the record results of the
+first quarter of last year.
+    Nevertheless, the bank said overall performance in the
+first three months was satisfactory, with the situation
+particularly promising in commission, foreign exchange,
+securities and trading sectors.
+    In a newspaper interview on April 10, chief executive
+Nikolaus Senn said first quarter earnings had been below last
+year's level.
+    The bank said its assets grew by 1.2 billion francs in the
+three month period to reach 153.3 billion at end-March. If it
+had not been for the decline in the dollar, the rise would have
+been as much as 4.3 billion francs, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21685" NEWID="17062">
+<DATE>24-APR-1987 07:03:23.39</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0444&#31;reute
+r f BC-NORWEGIAN-CENTRAL-BAN   04-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWEGIAN CENTRAL BANK RESERVES RISE IN MARCH</TITLE>
+<DATELINE>    OSLO, April 24 - </DATELINE><BODY>Norway's Central Bank reserves totalled
+74.77 billion crowns in March, against 70.56 billion in
+February and 98.55 billion in March 1986, the Central Bank said
+in its monthly balance sheet.
+    Foreign exchange reserves totalled 67.05 billion crowns,
+compared with 67.21 billion in February and 92.08 billion
+crowns a year ago. Gold reserves totalled 284.7 mln crowns,
+unchanged from the previous month and last year's figure.
+    Central Bank special drawing right holdings were 3.07
+billion crowns, compared with 3.06 billion in February and 2.27
+billion a year ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21686" NEWID="17063">
+<DATE>24-APR-1987 07:14:16.83</DATE>
+<TOPICS><D>interest</D><D>money-fx</D><D>money-supply</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0463&#31;reute
+u f BC-BANK-OF-SPAIN-RAISES   04-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF SPAIN RAISES INTEREST RATES</TITLE>
+<DATELINE>    MADRID, April 24 - </DATELINE><BODY>The Bank of Spain announced a one-point
+rise in overnight call money rates to 16-5/8 pct, which a
+central bank spokesman said was part of government efforts to
+control money supply growth.
+    The increase came after yesterday's one-point rise and
+pushed interbank rates to 19 19-1/2 pct from 18-1/8 19 pct.
+    The M-4 money supply, liquid assets in public hands, the
+broadest measure of money supply, rose 14.1 pct in the first
+three months compared with this year's eight pct target. Money
+supply growth was 11.4 pct last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21687" NEWID="17064">
+<DATE>24-APR-1987 07:21:43.09</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0469&#31;reute
+b f BC-BUNDESBANK-BOUGHT-DOL   04-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK BOUGHT DOLLARS FOR YEN IN OPEN MARKET</TITLE>
+<DATELINE>    FRANKFURT, April 24 - </DATELINE><BODY>The Bundesbank intervened in the open
+market to buy dollars for yen ahead of the Frankfurt fixing,
+dealers said.
+    They said the Bundesbank bought dollars for around 139.80
+yen in small amounts in the half-hour running up to the 1100
+GMT fix.
+    The Bundesbank did not intervene when the dollar was fixed
+in Frankfurt at 1.7969 marks.
+    Earlier the Bank of Japan bought dollars steadily in the
+Far East, but could not stop heavy selling which pushed the
+dollar to a post-war low of 139.05 yen at one point.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21688" NEWID="17065">
+<DATE>24-APR-1987 07:22:09.79</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0471&#31;reute
+b f BC-NO-SWISS-NATIONAL-BAN   04-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO SWISS NATIONAL BANK INTERVENTION SEEN</TITLE>
+<DATELINE>    ZURICH, April 24 - </DATELINE><BODY>A Swiss National Bank spokesman said the
+bank had not intervened in currency markets today and dealers
+said they had seen no evidence of Bundesbank action outside
+West Germany.
+    Frankfurt dealers reported that the Bundesbank bought
+dollars for yen in the open market there.
+    Zurich dealers said the absence of the Swiss National Bank
+suggested that no concerted intervention was under way.
+    Asked earlier today if the Swiss National Bank had
+intervened, the spokesman said "not yet."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21689" NEWID="17066">
+<DATE>24-APR-1987 07:23:50.50</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0474&#31;reute
+u f BC-BANK-OF-JAPAN-INTERVE   04-24 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES IN TOKYO MARKET</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>The Bank of Japan intervened just after
+the Tokyo market opened to support the dollar from falling
+below 140.00 yen, dealers said.
+    The central bank bought a moderate amount of dollars to
+prevent its decline amid bearish sentiment for the U.S.
+Currency, they said.
+    The dollar opened at a record Tokyo low of 140.00 yen
+against 140.70/80 in New York and 141.15 at the close here
+yesterday. The previous Tokyo low was 140.55 yen set on April
+15.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21690" NEWID="17067">
+<DATE>24-APR-1987 07:26:38.57</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0488&#31;reute
+u f BC-FRENCH-BEET-PLANTERS   04-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH BEET PLANTERS SEE FAVOURABLE SOWINGS START</TITLE>
+<DATELINE>    PARIS, April 24 - </DATELINE><BODY>French sugar beet plantings are off to a
+good start, thanks to generally favourable winter and spring
+weather, the CGB beet planters' association said.
+    It said in a report that soil structure was likely to be
+excellent for good preparation as a result of a cold,
+reasonably showery, winter.
+    By April 15, 27.8 pct of the area had been sown against
+three pct at the same year ago date.
+    It added the area sown was likely to be reduced this year
+by 1.2 pct to 445,000 hectares.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21691" NEWID="17068">
+<DATE>24-APR-1987 07:28:06.22</DATE>
+<TOPICS><D>trade</D><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0493&#31;reute
+r f BC-JAPAN-AGENCY-URGES-WA   04-24 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN AGENCY URGES WATCH ON YEN RISE EFFECTS</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>Japan should look out for possible
+effects of the yen's recent sharp rise on Japan's economy as
+growth remains slow, the government's Economic Planning Agency
+said in a monthly report submitted to cabinet ministers.
+    EPA officials told reporters the underlying trend of the
+economy is firm but growth is slow due to sluggish exports.
+    Customs-cleared exports by volume fell 4.9 pct
+month-on-month in February after a 2.8 pct fall in March.
+    The government must take adequate economic measures to
+expand domestic demand and stabilise exchange rates in a bid to
+ensure sustained econonic growth, the report said.
+    The report made a special reference to the yen's renewed
+rise and its effect on the economy, the officials said, adding
+the agency's judgement of current economic conditions has not
+changed since last month.
+    The EPA said last month Japan's economy is beginning to
+show signs of bottoming out, conditional upon exchange rates.
+    The dollar fell below 139 yen in early trading today - a
+post-war low.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21692" NEWID="17069">
+<DATE>24-APR-1987 07:54:16.72</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0538&#31;reute
+b f BC-DEALERS-SEE-MODERATE   04-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEALERS SEE MODERATE DUTCH CENTRAL BANK YEN SALES</TITLE>
+<DATELINE>    AMSTERDAM, April 24 - </DATELINE><BODY>The Dutch central bank has intervened
+in the currency markets today, in apparent concerted action
+with other central banks, foreign exchange dealers said.
+    They detected selling of the yen for dollars, which some
+estimated would run to a moderate 200 mln guilders, comparable
+to token Dutch intervention reported last week.
+    Other dealers, however, said they believed today's moderate
+intervention had been in guilders against dollar.
+    The dealers agreed the intervention was minimal and more a
+political gesture than a market moving force.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21693" NEWID="17070">
+<DATE>24-APR-1987 08:05:55.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0558&#31;reute
+u f BC-NAKASONE-EXPECTED-TO   04-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE EXPECTED TO SURVIVE SALES TAX DEFEAT</TITLE>
+<AUTHOR>    By Janet Snyder, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone's
+unpopular sales tax plan has been defeated and although fellow
+politicians and political analysts agree he has suffered a
+grave loss of face only a few are willing to write him off.
+    Michio Watanabe, a Nakasone faction member and deputy
+secretary general of the ruling Liberal Democratic Party, LDP,
+is one of those who believes he will survive.
+    "He's tough, he won't step down," but "will hang on to the
+death" at least until his term ends on October 30, Watanabe told
+Reuters.
+    The sales tax scheme was a mainstay in Nakasone's plans to
+revamp the nation's tax system for the first time in 36 years.
+Watanabe acknowledged that the five pct sales tax was a
+mistake.
+    "It was too greedy," he said. A two or three pct tariff might
+have been easier to swallow, he said.
+    One popular school of thought among skeptical analysts is
+that Nakasone will be remain in office at least until the June
+8-10 summit of industrialised nations in Venice.
+    A Western diplomatic observer said he believed that
+Nakasone would be at the summit as prime minister. But he would
+not bet on his chances of survival up until October.
+    Masamichi Inoki, a senior fellow at the conservative
+Institute of Peace and Security, said he did not think Nakasone
+had suffered irreparable damage.
+    "He will certainly hang on for the summit," Inoki said.
+    In any event, the general belief now is that the five pct
+sales tax, as championed by Nakasone, is a dead issue but that
+an indirect tax, in another form, will be introduced by the
+LDP.
+    Inoki said he believed the issue would be resurrected as
+early as the next Diet (parliament) meets. The current session
+finishes on May 27.
+    The newspaper Tokyo Shimbun expressed another stream of
+opinion, stating that Nakasone might well get another year to
+deal with the unfinished and unpopular business of tax reform.
+    The government has to find a way of generating revenue to
+support an expected glut of elderly Japanese.
+    And the only means of drumming up the money is to levy an
+indirect tax, said Watanabe, a former Minister of International
+Trade and Industry.
+    The next prime minister will have to grapple with an
+indirect tax, and "whoever is the next prime minister won't be
+in the job very long," Watanabe said.
+    Watanabe said he doubted the next prime minister would be
+any of the three so-called "New Leaders," LDP secretary general
+Noboru Takeshita, LDP executive council chairman Shintaro Abe,
+and Finance Minister Kiichi Miyazawa. Each of them controls a
+powerful LDP faction. "It will be somebody else," he said.
+    Political science professor Rei Shiratori of Dokkyo
+University gave one of the darkest readings on Nakasone's
+political future.
+    "Soon after the Venice summit, there will be a move to
+change the government by the New Leaders," Shiratori said.
+    "He can't fight on," he said.
+    He said Nakasone had a special emotional attachment to the
+sales tax plan as the last and most important item in Japan's
+purge of policies inherited from the U.S. Occupation.
+    Shiratori said an indirect tax will have to be levied, but
+"to introduce such a tax, they'll have to change the prime
+minister."
+    Nevertheless, Shiratori said he believes Nakasone could
+hang on until as late as September.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21694" NEWID="17071">
+<DATE>24-APR-1987 08:22:48.54</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0610&#31;reute
+r f BC-JAPAN-DOES-NOT-INTEND   04-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DOES NOT INTEND TO EASE CREDIT - OFFICIALS</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>The Bank of Japan does not intend to ease
+credit policy further, bank officials told Reuters.
+    They were responding to rumours in the Japanese bond market
+that the central bank was planning to cut its 2.5 pct discount
+rate soon, possibly before Prime Minister Yasuhiro Nakasone
+leaves for Washington on April 29.
+    Bank of Japan governor Satoshi Sumita will be in Osaka,
+western Japan on April 27 and 28 for the annual meeting of the
+Asian Development Bank, making a rate cut announcement early
+next week a virtual impossibility, they said. April 29 is a
+holiday here.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21695" NEWID="17072">
+<DATE>24-APR-1987 08:23:17.24</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0612&#31;reute
+u f BC-JAPAN-HAS-NO-PLANS-FO   04-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN HAS NO PLANS FOR NEW MEASURES TO AID DLR</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>Finance Minister Kiichi Miyazawa said
+Japan has no plans to take new emergency measures to support
+the dollar, other than foreign exchange intervention.
+    He also told reporters that many major nations yesterday
+intervened heavily to support the dollar against the yen.
+    Yesterday's intervention was large in terms of the
+countries involved and the amounts expended, he said.
+    With the continued fall of the dollar against the yen,
+speculation had arisen in currency markets here that Japan
+might take new measures to support the U.S. Currency, such as
+curbing capital outflows.
+    Miyazawa said that yesterday's news of a 4.3 pct rise in
+U.S. Gnp in the first quarter had been expected. Although the
+growth looks robust on the surface, the figures in reality are
+not that good, he said.
+    He said the ruling Liberal Democratic Party (LDP) is
+expected to come up with a final set of recommendations of ways
+to stimulate the Japanese economy before Prime Minister
+Yasuhiro Nakasone leaves for Washington next week.
+    Commenting on yesterday's report on economic restructuring
+by a high-level advisory panel to Nakasone, Miyazawa said it
+was important to put the panel's recommendations into effect.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21696" NEWID="17073">
+<DATE>24-APR-1987 08:28:22.67</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M
+&#22;&#22;&#1;f0623&#31;reute
+d f BC-JAPAN-DOCKWORKERS-STR   04-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN DOCK STRIKE TO CONTINUE OVER WEEKEND</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>A strike by Japanese dockworkers will
+continue over the weekend as no breakthrough is in sight, a
+Japan Harbour Transportation Association spokesman said.
+    The association has not yet agreed on a schedule for
+preliminary negotiations with the National Council of Harbour
+Workers Unions, because the council insisted on talks with
+shippers as well as dock management, he said.
+    The strike, which began on Tuesday, halted container
+movements to points inside Japan from the ports of Tokyo,
+Yokohama, Nagoya, Osaka, Kobe, Kitakyushu, Shimizu, Yokkaichi
+and Hakata.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21697" NEWID="17074">
+<DATE>24-APR-1987 08:36:19.96</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D><D>hong-kong</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0657&#31;reute
+r f BC-TAIWAN-WINS-REVISED-T   04-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN WINS REVISED TEXTILE ACCORD FROM U.S.</TITLE>
+<DATELINE>    TAIPEI, April 24 - </DATELINE><BODY>Taiwan and the U.S. Have revised and
+extended their textile export agreement after negotiations in
+Washington this week, a spokesman for the Taiwan Textile
+Federation said.
+    Charles Chen told Reuters the original three year accord
+has been extended by one year to the end of 1989. The U.S. Has
+agreed to raise the limit on annual growth of Taiwan's textile
+and apparel exports to one pct from 0.5 pct for calendar 1989,
+he said. "The new accord is more fair and gives breathing space
+to our textile makers (so they can) diversify their exports to
+other nations," he added.
+    Chen said the revised agreement puts Taiwan on similar
+textile exporting terms to Hong Kong and South Korea. But
+despite the changes, Taiwanese firms have lost orders to rivals
+in Hong Kong and South Korea because of the strong Taiwan
+dollar, he said. The Taiwan currency has risen 17 pct against
+the U.S. Dollar since September 1985 while the Korean won rose
+by some six pct and the Hong Kong dollar was stable.
+    Taiwan's textile exports to the U.S. Amounted to 2.8
+billion U.S. Dlrs last year out of total exports to the U.S. Of
+7.8 billion. Textile exports are expected to remain the same
+this year, Chen said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21698" NEWID="17075">
+<DATE>24-APR-1987 08:37:06.39</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0659&#31;reute
+h f BC-JAPAN-RULING-PARTY-PR   04-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN RULING PARTY PREPARES FINAL ECONOMIC PACKAGE</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>Japan's ruling Liberal Democratic Party
+(LDP) drew up a final plan to expand domestic demand and boost
+imports in time for Prime Minister Yasuhiro Nakasone's visit to
+Washington next week, LDP officials said.
+    The plan calls for additional fiscal measures worth more
+than 5,000 billion yen, a large-scale supplementary budget for
+the current fiscal year started April 1, and concentration of
+more than 80 pct of the annual public works budget in the first
+half of the year, they said.
+    Nakasone will explain the measures to U.S. Officials during
+his visit to Washington starting April 29.
+
+    The LDP plan will be the basis for a government package of
+pump-priming measures expected to be unveiled in late May.
+    The LDP said Japan should do more to reduce its trade
+surplus. Its plan is expected to help increase economic growth
+led by domestic demand, officials said.
+    The government was also urged to review the ceiling on
+budgetary requests for investment purposes in 1988/89. The
+government has imposed a five pct cut in investment outlays in
+the past five years in line with Nakasone's avowed policy of
+fiscal reforms.
+
+    The plan called on Japan to promote government purchases of
+foreign goods and private sector imports of manufactured goods
+by improving import financing, and to make clear official
+procurement procedures for foreign supercomputers.
+    The LDP also said Japan should contribute further to
+society at large through measures such as doubling its official
+development assistance to 7.6 billion dlrs in five years or so
+instead of seven years as the government had originally
+promised.
+    The government was urged to work out a program to recycle
+funds from Japan's trade surpluses to debt-ridden countries.
+
+    The officials said the funds to be recycled would include
+those from the private sector and others provided through the
+government Export-Import Bank of Japan and Japan's Overseas
+Economic Cooperation Fund.
+    The plan also calls for the government to take steps to
+help the development of African and other less developed
+nations.
+    The LDP called for adequate and flexible management of
+monetary policy, such as a cut in interest rates on deposits
+with the Finance Ministry's Trust Fund, and a tax cut to
+promote plant and equipment investment.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21699" NEWID="17076">
+<DATE>24-APR-1987 08:39:45.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0670&#31;reute
+r f BC-FRIEDMAN-INDUSTRIES-&lt;   04-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRIEDMAN INDUSTRIES &lt;FRD> MERGER NOT APPROVED</TITLE>
+<DATELINE>    HOUSTON, April 23 - </DATELINE><BODY>Friedman Industries Inc said
+shareholders at a special meeting held for a vote on its
+proposed merger into companies controlled by Venezuelan
+businessman John Castellvi failed to provide a high enough
+affirmative vote for approval.
+    It said about 75 pct of the shares entitled to vote at the
+meeting were voted in favor, but an 80 pct vote was needed.
+    The company said a significant number of shares held in
+street name were not voted.  As a result, it said it adjourned
+the meeting until April 28 and, if the merger is approved,
+closing is expected late next week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21700" NEWID="17077">
+<DATE>24-APR-1987 08:44:46.92</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0696&#31;reute
+r f BC-BANKERS-CONFIRM-JAPAN   04-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS CONFIRM JAPAN LONG-TERM PRIME UNCHANGED</TITLE>
+<DATELINE>    TOKYO, April 24 - </DATELINE><BODY>Long-term bank sources confirmed their
+banks have decided to leave the current 5.2 pct long-term prime
+rate unchanged.
+    The current rate has been in effect since March 28.
+    The bankers said the rate was unchanged because the falling
+dollar and the bond market rally made it difficult to clarify
+the current level of yen interest rates.
+    There had earlier this week been expectations of a 0.2
+point cut from today in response to the fall in the secondary
+market yield in five-year long-term bank debentures, but
+bankers said last night the rate would be unchanged.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21701" NEWID="17078">
+<DATE>24-APR-1987 08:45:02.17</DATE>
+<TOPICS><D>money-fx</D><D>yen</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0697&#31;reute
+u f BC-DEALERS-SEE-MODERATE   04-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEALERS SEE MODERATE DUTCH CENTRAL BANK YEN SALES</TITLE>
+<DATELINE>    AMSTERDAM, April 24 - </DATELINE><BODY>The Dutch central bank has intervened
+in the currency markets today, in apparent concerted action
+with other central banks, foreign exchange dealers said.
+    They detected selling of the yen for dollars, which some
+estimated would run to a moderate 200 mln guilders, comparable
+to token Dutch intervention reported last week.
+    Other dealers, however, said they believed today's moderate
+intervention had been in guilders against dollar.
+    The dealers agreed the intervention was minimal and more a
+political gesture than a market moving force.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21702" NEWID="17079">
+<DATE>24-APR-1987 08:47:39.31</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D><D>pet-chem</D><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0708&#31;reute
+r f BC-shell-canada-&lt;shc.to>   04-24 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL CANADA &lt;SHC.TO> SEES BETTER YEAR</TITLE>
+<DATELINE>    CALGARY, Alberta, April 24 - </DATELINE><BODY>Shell Canada Ltd said
+performance in all business segments in the first quarter
+showed improvement over last year and it expects "significantly
+enhanced performance" in 1987.
+    Shell Canada reported first quarter earnings of 103 mln
+dlrs, or 90 cts per share, up from 40 mln dlrs, or 32 cts per
+share.
+    Oil products earnings were 38 mln dlrs, up 19 mln dlrs from
+last year, when margins were impaired by lower oil prices.
+    Shell Canada said chemical earnings were 17 mln dlrs in the
+quarter, compared with a loss of five mln dlrs in 1986. The
+styrene business saw significant improvement, stemming from an
+increase in international demand.
+    Resources earnings increased by six mln dlrs to 46 mln
+dlrs. Lower prices for all commodities were offset by the
+removal of the Petroleum and Gas Revenue Tax, the impact of
+lower royalty rates and higher volumes.
+    Gross production of crude oil and natural gas liquids
+increased seven pct from the first quarter of last year to
+11,200 cubic meters a day, Shell said.
+    Shell Canada also said natural gas sales volumes of 19.6
+mln cubic meters a day was up five pct from last year.
+    Sulphur sales of 4,143 tonnes a day were up 70 pct.
+    The company also recorded benefits of 10 mln dlrs from the
+acquisition of Shell Explorer Ltd. Interest expense for the
+quarter was lower than in the previous year, due to the early
+retirement of a 200 mln U.S. dlr debenture and the impact of a
+stronger Canadian dollar on U.S. dollar-denominated debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21703" NEWID="17080">
+<DATE>24-APR-1987 08:48:51.41</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0714&#31;reute
+r f BC-VALERO-PARTNERS-&lt;VLP>   04-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALERO PARTNERS &lt;VLP> WINS TAKE OR PAY CASE</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, April 24 - </DATELINE><BODY>Valero Natural Gas Partners
+LP, 49 pct owned by Valero Energy Corp &lt;VLO>, said a jury in
+Sutton County, Texas, district court has found that it had no
+liability for 21 mln dlrs in take-or-pay claims that had been
+alleged by Lively Exploration Co.
+    Take-or-pay claims involve allegations that natural gas
+supply contracts require volume of natural gas to be paid for
+even if not taken. As a result of declining markets, most
+pipelines, like Valero, do not have customers for all the gas
+that could be delivered by producers, such as Lively.
+    Valero said it used as its primary defense the Texas
+Railroad Commission's rules that require intrastate pipelines
+to take ratably from their producers and in times of surplus
+take gas in accordance with priority categories set by the
+commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21704" NEWID="17081">
+<DATE>24-APR-1987 08:52:42.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0734&#31;reute
+r f BC-SERVICE-RESOURCES-&lt;SR   04-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVICE RESOURCES &lt;SRC> OFFERS SORG &lt;SRG> STAKE</TITLE>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>Service Resources Corp said its Chas.
+P. Young Co subsidiary, which has offered to acquire Sorg Inc
+in a friendly merger at 22 dlrs per share, is willing to
+explore the possibility that members of the Sorg family and
+other Sorg shareholders could continue to hold an equity
+position in the combined company.
+    The company also said it has received a commitment for up
+to 66 mln dlrs in financing from Security Pacific Corp &lt;SPC>
+for the merger, the repayment of Sorg's bank debt and working
+capital of the combined company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21705" NEWID="17082">
+<DATE>24-APR-1987 09:00:36.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0750&#31;reute
+r f BC-hudsons   04-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUDSON'S BAY &lt;HBC.TO> SELLS ROXY &lt;CNR.TO> STAKE</TITLE>
+<DATELINE>    TORONTO, April 24 - </DATELINE><BODY>Hudson's Bay Co said it agreed to sell
+its entire 54.5 pct interest in Canadian Roxy Petroleum Ltd, a
+total of about 7.5 mln shares, to Westcoast Transmission Co Ltd
+&lt;WTC> for 11 dlrs a share.
+    Hudson's Bay said proceeds of about 82 mln dlrs will be
+used to reduce corporate debt. It said the sale was part of a
+program of concentrating on its core business of department
+stores and real estate.
+    The sale is subject to regulatory approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21706" NEWID="17083">
+<DATE>24-APR-1987 09:05:21.63</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0766&#31;reute
+r f AM-TRADE-ABE   04-24 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., JAPAN TRADE TIES REMAIN HOSTILE</TITLE>
+<AUTHOR>    By Robert Trautman, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>The visit this week by a special
+Japanese envoy has done little to defuse Japan's trade
+frictions with the United States, U.S. and congressional
+leaders say.
+    White House and congressional leaders took a wait-and-see
+stance, after a series of meetings with former Japanese Foreign
+Minister Shintaro Abe, who was here paving the way for the
+April 29-May 2 visit of Prime Minister Yasuhiro Nakasone.
+
+    They are withholding judgment until Nakasone's visit, with
+one senator saying Japan had promised to stimulate its economy
+and open its markets to foreign goods in the past, but it was
+time now for action.
+    The U.S. trade deficit last year was a record 169.8 billion
+dlrs, with more than one-third of it in trade with Japan.
+    Congress is ready to approve tough trade legislation to try
+to turn around the deficit, which has cost millions of U.S.
+jobs and closed thousands of factories.
+    Much of the anger has been directed at Japan.
+    U.S.-Japan trade friction was further fueled by President
+Reagan's April 17 decision to impose 100 pct tariffs on 300 mln
+dlrs worth of Japanese goods in retaliation for unfair
+practices in semiconductor trade.
+    Reagan said he imposed the tariffs on personal computers,
+television sets and hand tools because Japan failed to keep an
+agreement to end dumping semiconductors in world markets at
+less than cost and to open its home market to U.S. products.
+ 
+    Abe had asked Reagan to end the tariffs quickly, but U.S.
+officials said the curbs would not be dropped until Japan had
+shown it was honoring the pact, which could take several
+months.
+    White House spokesman Marlin Fitzwater, asked if Nakasone's
+visit might help to defuse trade tensions, said "whether
+progress can be made depends on how you want to measure it."
+    He added, "I would expect progress to be made. If you want
+to measure that in terms of lifting the sanctions, that's more
+doubtful."
+    Congressmen were equally skeptical.
+    Abe met Senate and Democratic leaders active in trade
+legislation, telling them of Japan's plan to spur domestic
+spending by 34 billion dlrs and open its markets to a wide
+range of goods, including supercomputers and farm products.
+    Sen. John Danforth, a Missouri Republican, said after the
+meeting, "We have heard promises in the past, but the question
+now is whether there will be real action."
+    Abe also met House leaders pressing for a tough trade bill,
+including Congressman Richard Gephardt, a Missouri Democrat.
+    Gephardt is sponsoring legislation to penalize nations with
+large deficits and which are guilty of unfair trade practices.
+    Gephardt's legislation would hit Japan, as well as Taiwan,
+South Korea, and West Germany. The bill is expected to pass the
+House next week - coinciding with Nakasone's visit - but its
+fate in the more moderate Senate is uncertain. A bipartisan
+group of senators, however, told Nakasone in a letter released
+as Abe was holding Senate meetings, that fresh Japanese-U.S.
+trade strife would erupt if Japan's markets were not soon
+opened to American goods.
+    The signers included Democratic leader Robert Byrd of West
+Virginia, Republican leader Robert Dole of Kansas and others
+ranging from moderate to hardline on trade issues.
+    They said in the letter there was growing U.S. sentiment
+that Japan was fighting opening its markets and "evidence to the
+contrary is necessary to combat this perception, or it is
+likley that additional efforts will be attempted to close off
+the American market to Japanese goods.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21707" NEWID="17084">
+<DATE>24-APR-1987 09:11:48.08</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>china</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0791&#31;reute
+d f BC-CHINA-TEXTILE-EXPORTS   04-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TEXTILE EXPORTS RECORD HIGH IN 1ST QUARTER</TITLE>
+<DATELINE>    PEKING, April 24 - </DATELINE><BODY>China's textile exports in the first
+quarter reached a record 2.2 billion dlrs, an increase of 49
+pct on the year-earlier period, the People's Daily said.
+    Its overseas edition gave no country breakdown. The U.S. Is
+one of China's largest markets for textiles.
+    U.S. Commerce Secretary Malcolm Baldrige told a press
+conference that Chinese textile and apparel exports to the U.S.
+In 1986 rose 65 pct in value from the 1985 level, a rate of
+growth that "is not sustainable nor equitable to our other major
+foreign suppliers." China is now the United States' largest
+textile supplier, he said.
+    Baldrige declined to say what would be an acceptable growth
+rate for Chinese textile exports. Negotiations on the next
+China-U.S. Textile agreement are due to begin in May, he said.
+    "There clearly has to be a limit," he said. "Our economy can
+only absorb so much textiles. It is in both of our interests to
+reach a satisfactory conclusion. Without an agreement, we would
+have a chaotic situation."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21708" NEWID="17085">
+<DATE>24-APR-1987 09:16:58.52</DATE>
+<TOPICS><D>gnp</D><D>trade</D><D>cpi</D><D>jobs</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0811&#31;reute
+r f BC-SWISS-GROWTH-SEEN-SLO   04-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS GROWTH SEEN SLOWING THIS YEAR AND NEXT</TITLE>
+<DATELINE>    BASLE, Switzerland, April 24 - </DATELINE><BODY>The growth of the Swiss
+economy will likely slow to 2.2 pct this year and 1.9 pct in
+1988 after reaching 2.8 pct last year, according to a study by
+a group at Basle University's Institute of Applied Economics.
+    It blamed the expected slowdown partly on a disappointing
+outlook for exports caused by the weaker dollar. Exports would
+likely grow by 2.8 pct this year and by 3.0 pct in 1988, after
+3.0 pct in 1986, the group predicted.
+    Final domestic demand will also fall back, to a likely 3.0
+pct this year and 2.3 pct next, after 4.1 pct in 1986. However,
+the domestic picture will likely be mixed.
+    The study said investment in plant and equipment would
+continue to be the main motor for the growth in domestic
+demand, although it was unlikely to grow as fast as last year's
+7.4 pct, rising this year by 4.5 pct and by 2.8 pct in 1988.
+    While the growth in private consumption is expected to fall
+back to 2.5 pct this year and 2.1 pct in 1988 from last year's
+3.1 pct, public consumption spending will likely grow by 1.9
+pct in 1987 and 2.0 pct next year, after 1.5 pct in 1986.
+    Consumer prices were seen rising by 1.7 pct this year and
+2.4 pct in 1988, after just 0.8 pct in 1986. Unemployment
+should fall back to 0.7 pct from last year's 0.8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21709" NEWID="17086">
+<DATE>24-APR-1987 09:18:30.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0818&#31;reute
+b f BC-/CHRYSLER-&lt;C>-SETS-NE   04-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> SETS NEW AMC &lt;AMO> TARGET DATE</TITLE>
+<DATELINE>    DETROIT, April 24 - </DATELINE><BODY>Chrysler Corp said it and Regie
+Nationale des Usines Renault &lt;RENA.PA> agreed to set May 5 as
+the new target date when Chrysler aimed at reaching a
+definitive agreement for Chrysler for acquire American Motors
+Corp.
+    AMC is 46.1 pct owned by Renault.
+    The two companies originally had targeted April 23 as
+completion date for reaching a definitive agreement.
+    Chrysler, which signed a letter of intent on March 9 to
+acquire AMC, said "considerable progress has been made, but a
+number of issues remain to be resolved."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21710" NEWID="17087">
+<DATE>24-APR-1987 09:18:44.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-africa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0820&#31;reute
+u f BC-MOODY'S-RATES-ADB'S-S   04-24 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S RATES ADB'S SENIOR SAMURAI BONDS AAA</TITLE>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>Moody's Investors Service Inc said it
+assigned a top-flight Aaa rating to African Development Bank's
+15 billion yen senior Samurai bond due 2002 issued in Tokyo.
+    The rating reflects the support provided by the callable
+capital of non-borrowing member countries, which include the
+U.S., Japan, Canada, West Germany and several other European
+nations.
+    Moody's said that African Development Bank's sound lending,
+borrowing and liquidity policies also support the top rating
+grade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21711" NEWID="17088">
+<DATE>24-APR-1987 09:29:16.99</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0848&#31;reute
+b f BC-SWISS-SAY-THEY-INTERV   04-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS SAY THEY INTERVENED WITH BUNDESBANK AND FED</TITLE>
+<DATELINE>    ZURICH, April 24 - </DATELINE><BODY>The Swiss National Bank bought dollars
+and sold yen in concerted action along with the Bundesbank and
+the U.S. Federal Reserve Board, a bank spokesman told Reuters.
+    "We intervened in dollar-yen with the Bundesbank and the
+Fed," he said. He declined to specify the extent of the
+intervention, which took place at around 1200 GMT, after
+reports by Frankfurt dealers the Bundesbank was in the market.
+    The intervention failed to prevent the dollar dipping to
+1.4548 Swiss francs at around 1320 GMT, close to its all-time
+low of 1.4510 francs set on September 26, 1978. It then
+steadied to 1.4560/75 francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21712" NEWID="17089">
+<DATE>24-APR-1987 09:34:21.09</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0874&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   04-24 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN FURTHER 518 MLN STG HELP</TITLE>
+<DATELINE>    LONDON, April 24 - </DATELINE><BODY>The Bank of England said it provided the
+money market with further assistance worth 518 mln stg this
+afternoon.
+    It bought 349 mln stg of band one bank bills at 9-7/8 pct
+and 169 mln stg of band two bank bills at 9-13/16 pct.
+    This brings its total assistance on the day to 543 mln stg
+compared with a liquidity shortage it has estimated at around
+850 mln stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21713" NEWID="17090">
+<DATE>24-APR-1987 09:43:24.20</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0892&#31;reute
+u f BC-slaughter-guesstimate   04-24 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, April 24 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 280,000 to 287,000 head versus
+257,000 week ago and 311,000 a year ago.
+    Saturday's hog slaughter is guesstimated at about 40,000 to
+55,000 head.
+    Cattle slaughter is guesstimated at about 121,000 to
+126,000 head versus 128,000 week ago and 136,000 a year ago.
+    Saturday's cattle slaughter is guesstimated at about 19,000
+to 35,000 head.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21714" NEWID="17091">
+<DATE>24-APR-1987 10:02:29.91</DATE>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0974&#31;reute
+r f BC-/U.S.-PERSONAL-INCOME   04-24 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PERSONAL INCOME ROSE 0.2 PCT IN MARCH</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>U.S. personal income rose 0.2 pct,
+or 5.4 billion dlrs, in March to a seasonally adjusted annual
+rate of 3,603.9 billion dlrs, the Commerce Department said.
+    The increase followed an upwardly revised 1.3 pct rise in
+February. Earlier, the department said income rose 0.9 pct in
+February.
+    Personal consumption expenditures rose 0.3 pct, or 8.9
+billion dlrs, to 2,882.6 billion dlrs in March after rising a
+revised 2.4 pct in February instead of the previously reported
+1.7 pct rise, the department said.
+    Last month's income gain matched a 0.2 pct rise in November
+and was the lowest since June when income was unchanged. The
+spending rise was the weakest since January's 2.0 pct decline.
+    The department said the slowdown in income was mainly due
+to a drop in subsidies to farmers. Excluding that factor,
+personal income rose 0.4 pct in March and 0.7 pct in February.
+    Wages and salaries rose 7.4 billion dlrs last month after
+gaining 16.6 billion dlrs in February, while manufacturing
+payrolls declined 1.3 billion dlrs after rising 2.5 billion
+dlrs in February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21715" NEWID="17092">
+<DATE>24-APR-1987 10:10:11.37</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sorghum</D></TOPICS>
+<PLACES><D>belgium</D><D>argentina</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1005&#31;reute
+u f BC-EC-TO-OFFER-ARGENTINA   04-24 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC TO OFFER ARGENTINA GRAIN SALE COMPENSATION</TITLE>
+<DATELINE>    BRUSSELS, April 24 - </DATELINE><BODY>The European Community is to offer
+Argentina compensation for its loss of maize and sorghum
+exports to Spain following Spain's accession to the EC, EC
+sources said.
+    They said the offer will be made next week in Geneva,
+headquarters of the General Agreement on Tariffs and Trade
+(GATT), and will also involve products other than cereals. They
+gave no further details.
+    Argentine exports of sorghum to Spain fell to zero last
+year from 300,000 tonnes in 1985, while maize sales fell to
+15,000 tonnes from 994,000, official EC statistics show.
+    The sources noted that an agreement between the EC and the
+U.S. guarantees special access to the Spanish market for two
+mln tonnes of non-EC maize and 300,000 tonnes of sorghum each
+year for the next four years.
+    But they said various details of this accord will tend to
+inhibit imports from Argentina.
+    These include a provision for reduction of the amounts if
+Spain imports cereals substitutes, and the EC's plan to import
+the special maize and sorghum on a regular monthly basis.
+Argentina tends to have exportable quantities only three or
+four times a year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21716" NEWID="17093">
+<DATE>24-APR-1987 10:11:40.65</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1014&#31;reute
+r f BC-CONSOLIDATED-GAS-&lt;CNG   04-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED GAS &lt;CNG>HIGH BIDDER ON GULF TRACTS</TITLE>
+<DATELINE>    PITTSBURGH, April 24 - </DATELINE><BODY>Consolidated Natural Gas Co said its
+CNG Producing Co subsidiary, bidding alone or with partners,
+was the apparent high bidder on six of seven tracts it south at
+Wednesday's sale of federal oil and gas leases in the Gulf of
+Mexico.
+    The company said it share of the six bids totaled 6.2 mln
+dlrs. Its 100 pct interest bids were on three offshore tracts
+-- West Cameron 209, 302 and 303. Consolidated has a 50 pct
+interest in the bid for Eugene Island 375 and Ship Shoal 128
+and 129.
+   
+    The remaining interest in 139 is held by Sun Energy
+Partners &lt;SLP>, which is 96.3 pct owned by Sun Co Inc &lt;SUN>.
+&lt;Union Texas Petroleum Corp>, which is 49.7 pct owned by
+Allied-Signal Inc &lt;ALD>, is Consolidated's partner on the other
+two tracts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21717" NEWID="17094">
+<DATE>24-APR-1987 10:12:31.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1019&#31;reute
+r f BC-GM,-ISUZU-IN-U.K.-TRU   04-24 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM, ISUZU IN U.K. TRUCK JOINT VENTURE</TITLE>
+<DATELINE>    LONDON, April 24 - </DATELINE><BODY>General Motors Corp's &lt;GM> Bedford
+Trucks subsidiary has signed a memorandum of understanding with
+its affiliate Isuzu Motors Ltd &lt;ISUM.T> to negotiate a van
+manufacturing joint venture in the U.K.
+    The proposals would involve doubling output at the loss
+making plant at Luton in southern England to around 40,000 vans
+a year by 1990.
+     Bedford, faced with reduced demand for heavy trucks in the
+last few years, stopped most of its heavy truck production at
+the end of 1986. GM would have a 60 pct stake in the venture
+and Izuzu 40 pct
+    GM holds a 38.6 pct stake in Isuzu.
+    Bedford already has a link with Izuzu under which it
+assembles some smaller Japanese vehicles in Britain.
+    A Bedford spokesman said financial details of the deal had
+not yet been finalised although it was anticipated that the
+venture would start without debt.
+    Currently the Luton van plant was estimated to be losing
+some 500,000 stg a week, he added.
+    Bedford's other truck plant, which manufactures military
+vehicles and trucks in kit form for export, was not involved in
+the venture.
+    Analysts said the deal was another attempt by U.K. Truck
+manufacturers to restructure operations and cope with heavy
+losses and low demand that have hit the market over the past
+few years.
+    In February, state-owned Rover Group Plc &lt;BLLL.L> formed a
+joint venture with &lt;Van Doorne's Bedrijswagenfabriek Daf BV>
+for truck manufacture, with Daf owning 60 pct.
+    Last year, Ford Motor Co's &lt;F.N> U.K. Subsidiary formed a
+joint venture with Fiat SpA's &lt;FIAT.MI> 's &lt;Iveco BV> for the
+supply and marketing of small commercial vehicles in Britain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21718" NEWID="17095">
+<DATE>24-APR-1987 10:22:39.00</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1052&#31;reute
+r f BC-BETHLEHEM-STEEL-CORP   04-24 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BETHLEHEM STEEL CORP &lt;BS> INCREASES PRICES</TITLE>
+<DATELINE>    BETHLEHEM, Pa., April 24 - </DATELINE><BODY>Bethlehem Steel Corp said it was
+raising the prices by 30 dlrs per ton on section extras on
+certain wide planned structural shapes.
+    The increase will affect seven wide planned section groups
+and will increase the price to 500 dlrs per ton from 470 dlrs
+per ton, effective May 3, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21719" NEWID="17096">
+<DATE>24-APR-1987 10:31:44.23</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1097&#31;reute
+u f BC-/EXXON-&lt;XON>-NET-DROP   04-24 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> NET DROPS ON LOWER OIL, GAS PRICES</TITLE>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>Exxon Corp reported a 37 pct drop in
+first quarter profits to 1.07 billion dlrs citing lower oil and
+gas prices.
+    The company said profits in the lastest quarter included a
+26 mln drl restructuring gain from divestment of certain gold
+operations overseas, while last year's first quarter profit of
+1.71 billion dlrs included the initial charge of 235 mln dlrs
+for its 1986 corporate reorganization.
+    First quarter revenues were down 13 pct to 19.44 billion
+dlrs.
+   
+    One time items aside, Exxon said, its first quarter results
+were stronger than 1986's final quarter which included several
+large asset sales and positive inventory adjustments.
+    It said earnings per share declined 36 pct reflecting the
+company's continued purchases of its own common for the
+treasury. During the first quarter, 5,085,000 shares were
+acquired at a cost of 416 mln dlrs compared with 3,132,000 in
+1986's fourth quarter.
+    Commenting on the first quarter, Exxon said crude oil
+prices strengthened moderately within the quarter and were
+higher than a year ago at the end of the quarter.
+   
+    However, average crude prices for the quarter were below
+the year ago period, leading to lower earnings for exploration
+and production operations, Exxon said.
+    Also contributing to reduced earnings were lower natural
+gas prices, primarily overseas, representing contract
+adjustments representing contract adjustments tied to falling
+product prices in 1986, the company said.
+    During the first quarter, the company said, intense
+competition in both domestic and international markets served
+to depress margins for refined products.
+   
+    Exxon said the lower product margins resulted in
+significantly reduced earnings for refining and marketing
+operations, contrasting sharply with the unusually strong
+margins prevailing in the first qtr of 1986.
+    It said savings from efforts to control costs and improve
+efficiency helped soften the negative impact of lower oil and
+natural gas prices.
+    Exxon said earnings from chemicals and power generation
+activities showed consideratble improvement, remaining strong
+throughout the period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21720" NEWID="17097">
+<DATE>24-APR-1987 10:43:35.83</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1149&#31;reute
+d f BC-DANISH-SUGAR-BEET-PLA   04-24 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH SUGAR BEET PLANTING BEHIND SCHEDULE</TITLE>
+<DATELINE>    COPENHAGEN, April 24 - </DATELINE><BODY>Sugar beet planting in Denmark is
+about two weeks behind normal due to a severe winter and a wet
+spring, a spokesman for the country's largest sugar beet
+concern, De Danske Sukkerfabrikker A/S, said.
+    The weather has improved recently but very little beet has
+been drilled so far.
+    "If good weather conditions continue, I think we will be
+sowing next week or the following week," the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21721" NEWID="17098">
+<DATE>24-APR-1987 10:48:51.00</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1165&#31;reute
+b f BC-/FED-SPOKESMAN-SAYS-N   04-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED SPOKESMAN SAYS NO NEWS CONFERENCE PLANNED</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>The Federal Reserve Board has no
+news conference or announcement planned for today, a Fed
+spokesman said, dispelling market rumors that a statement was
+pending.
+    "No such event is scheduled or planned," said spokesman Bob
+Moore.
+    Rumors of a pending Fed announcement or news conference
+circulated in financial markets, following a government report
+that consumer prices advanced by 0.4 pct in March, suggesting a
+rapid rise of inflation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21722" NEWID="17099">
+<DATE>24-APR-1987 10:50:18.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1170&#31;reute
+u f BC-/TEXAS-COMMERCE-&lt;TCB>   04-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS COMMERCE &lt;TCB> HOLDERS APPROVE MERGER</TITLE>
+<DATELINE>    HOUSTON, April 24 - </DATELINE><BODY>Texas Commerce Bancshares Inc said its
+shareholders approved the merger of the bank with Chemical New
+York Corp &lt;CHL>, moving a step closer towards creating the
+nation's fourth largest bank.
+    The company said each holder will receive 31.19 dlrs a
+share in cash and securities, somewhat less than the 35 dlrs to
+36 dlrs a share estimated when the deal was announced on
+December 15, 1986. The deal is now worth 1.16 billion dlrs.
+    The merger is still subject to approval by Chemical's
+shareholders, who will vote on the deal at the company's annual
+meeting on April 28.
+    The company said 98.7 pct of the shareholders voting on the
+merger cast an affirmative vote.
+    Chairman and chief executive officer Ben Love said all
+regulatory hurdles to the merger have been cleared, including
+last week's final approval of the transaction by the U.S.
+comptroller of the currency. Pending approval of Chemical's
+shareholders, the merger should be closed by May one, he added.
+    The bank said the combined company will have assets of
+about 80 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21723" NEWID="17100">
+<DATE>24-APR-1987 10:51:04.17</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1176&#31;reute
+u f BC-/PHILLIPS-&lt;P>-CITES-L   04-24 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILLIPS &lt;P> CITES LOWER OIL PRICES IN DECLINE</TITLE>
+<DATELINE>    BARTLESVILLE, Okla., April 24 - </DATELINE><BODY>Phillips Petroleum Co cited
+lower oil and gas prices in its first quarter loss of 32 mln
+dlrs or 16 cts a shares compared with net income of 96 mln dlrs
+or 39 cts a share in the year-ago period.
+    It also said there was a decline in crude oil production
+due to its recently completed asset sales program.
+    Phillips also said it expects crude prices will continue to
+be soft in the second and third quarters, but will improve
+toward the end of the year.
+   
+    Phillips also said that foreign currency transaction losses
+in the first quarter were 10 mln dlrs compared with a gain of
+46 mln dlrs in the fourth quarter of 1986 and a loss of one mln
+dlrs in the first quarter of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21724" NEWID="17101">
+<DATE>24-APR-1987 10:57:23.61</DATE>
+<TOPICS><D>crude</D><D>fuel</D><D>gas</D><D>naphtha</D><D>jet</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1195&#31;reute
+u f BC-VENEZUELA-RE-ESTABLIS   04-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA RE-ESTABLISHES POSTED PRODUCT PRICES</TITLE>
+<DATELINE>    NEW YORK, APRIL 24 - </DATELINE><BODY>Petroleos de Venezuela, PDVSA, the
+state owned oil company, has re-established posted prices for
+some light products and heavy fuel oil, industry sources in New
+York said.
+    The return to posted prices is a sign that the market is
+returning to a more stable and orderly condition after a year
+of volatile price movements in which Venezuela ceased posting
+prices and moved to negotiating prices with companies.
+    "We are in more stable market now and PDVSA has probably
+decided to return to postings for some products," one industry
+trade source said.
+   
+    But there was no talk of Venezuela posting prices for crude
+oil which were also dropped in 1986.
+    Posted prices were dropped in the first quarter of 1986  
+when prices for crude oil and products tumbled in response to
+OPEC's market share strategy and netback arrangements.
+    PDVSA has set out posted prices for several groups of light
+products including gasoline, naphtha, jet kerosene and
+distillates effective April 15 as follows.
+    Unleaded gasoline was posted at 19.74 dlrs a barrel (47 cts
+a gallon) with leaded gasoline at 20.16 dlrs a barrel (48 cts a
+gallon).
+   
+    Light naphtha was posted at 17.85 dlrs a barrel (42.5 cts a
+gallon), full range naphtha at 19.11 dlrs a barrel (45.50 cts a
+gallon), and heavy naphtha at 19.53 cts a gallon (46.5 cts a
+gallon).
+    Jet kerosene was posted at 18.90 dlrs a barrel, also
+effective April 15, or (45 cts a gallon) with dual purpose
+kerosene at 18.06 dlrs a barrel (43 cts a gallon).
+    Distillates of 0.2 pct sulphur and 0.3 pct sulphur grades
+were posted at 18.48 dlrs a barrel (44 cts a gallon), each with
+0.5 pct sulphur 18.08 dlrs a barrel (43.05 cts a gallon).
+    LPG postings, also effective from April 15, were made as 
+follows, propane 175 dlrs a tonne (33.33 cts a gallon), butane
+210 dlrs a tonne (46.26 cts a gallon) and isobutane at 240 dlrs
+a tonne.
+    Heavy fuel products were given a posted price effective
+April 10 and ranged from 0.3 pct sulphur at 19.35 dlrs a barrel
+to 17.21 dlrs a barrel for 2.8 pct sulphur.
+    Heavy fuel postings are also referred to as minimum export
+prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21725" NEWID="17102">
+<DATE>24-APR-1987 11:09:38.67</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1265&#31;reute
+u f BC-EXXON-&lt;XON>-RAISES-HE   04-24 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> RAISES HEATING OIL PRICE, TRADERS SAID</TITLE>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>Oil traders in the New York area said
+Exxon Corp's Exxon U.S.A. subsidiary raised the price it
+charges contract barge customers for heating oil in the New
+York harbor by 0.50 cent a gallon, effective today.
+    They said the 0.50 cent a gallon increase brings Exxon's
+contract barge price to 49.25 cts a gallon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21726" NEWID="17103">
+<DATE>24-APR-1987 11:10:16.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1270&#31;reute
+u f BC-PHILIPS-PLANS-MEDICAL   04-24 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPS PLANS MEDICAL JOINT VENTURE WITH GEC</TITLE>
+<DATELINE>    EINDHOVEN, Netherlands, April 24 - </DATELINE><BODY>NV Philips
+Gloeilampenfabrieken &lt;PGLO.AS> and General Electric Co Plc
+&lt;GEC.L> are planning a 50-50 joint venture in the medical
+equipment field, Philips announced.
+    The venture will group all the medical systems of the two
+companies, combining GEC's Ohio-based medical division Picker
+International with Philips' medical division in a new
+U.S.-based subsidiary.
+    Picker employs 6,000 people worldwide and has production
+and distribution facilities in North America, Britain, West
+Germany, the Caribbean and Japan.
+    Picker's turnover in the year ending March 31, 1986
+totalled 612 mln dlrs, according to Philips.
+    Philips' own medical systems activities, currently part of
+its Professional Products and Systems division, with
+headquarters in the Dutch town of Brest near Eindhoven, has
+production facilities in the U.S., West Germany, France, Italy
+and Britain as well as in the Netherlands.
+    Its 1986 turnover was 2.82 billion guilders.
+    Philips said GEC was planning substantial additional
+investment in the project to bring its share to 50 pct.
+    "The new company will be a vigorous competitor in all the
+important areas in the world, with matching distribution
+networks and other facilities capable of meeting the needs of
+rapidly advancing technology in medical systems," Philips said.
+    Dutch corporate analysts said the merger will create the
+world's second biggest company specialised in medical
+technology after U.S. General Electric Co &lt;GE.N>.
+    The new company should start operations in the second half
+of this year, a Philips spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21727" NEWID="17104">
+<DATE>24-APR-1987 11:10:37.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1273&#31;reute
+r f BC-hyundai   04-24 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYUNDAI AUTO CANADA TO RECALL 126,524 CARS</TITLE>
+<DATELINE>    TORONTO, April 24 - </DATELINE><BODY>Hyundai Auto Canada Inc, wholly owned
+by the South Korean concern, said it recalled 126,524 cars for
+inspection of a mechanism that may cause the hood to open
+without warning while the vehicle is in motion.
+    The company said the voluntary recall affects Hyundai Pony
+cars sold in Canada and produced before Dec 4, 1986.
+    Hyundai models sold in the United States and other
+countries are not affected by the recall.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21728" NEWID="17105">
+<DATE>24-APR-1987 11:19:05.03</DATE>
+<TOPICS><D>palm-oil</D><D>veg-oil</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1313&#31;reute
+b f BC-TRADERS-CONFIRM-SOME   04-24 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADERS CONFIRM SOME INDIAN PALM OLEIN PURCHASES</TITLE>
+<DATELINE>    LONDON, April 24 - </DATELINE><BODY>Traders said the Indian State Trading
+Corporation (STC) bought three 6,000 tonne cargoes of refined
+bleached deodorised palm olein at its import tender today. They
+also said the STC is still in the market and additional
+business may be concluded over the weekend.
+    The confirmed business comprised two cargoes of rbd olein
+for June shipment at 351.50 dlrs per tonne and one July at 352
+dlrs cif, all on 30 pct counter trade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21729" NEWID="17106">
+<DATE>24-APR-1987 11:20:56.30</DATE>
+<TOPICS><D>bop</D><D>ipi</D><D>trade</D></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1322&#31;reute
+r f BC-ZIMBABWE-BANKING-CORP   04-24 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIMBABWE BANKING CORP URGES POLICY REFORM</TITLE>
+<DATELINE>    HARARE, April 24 - </DATELINE><BODY>A range of substantial policy
+initiatives need to be implemented to shift resources from
+consumption to production in the Zimbabwe economy, says the
+Zimbabwe Banking Corporation (ZBC) in its quarterly economic
+review.
+    The state owned banking group says although Zimbabwe's
+balance of payments improved significantly last year the
+underlying position deteriorated. Last year's improved trade
+surplus was partly the result of sales of stockpiled gold and
+continued import restraint.
+    It says debt service charges are projected to exceed 35 pct
+of exports in 1987 and warns against squeezing imports further.
+    ZBC says mining industry import quotas for the first six
+months of 1987 have been halved and those for manufacturing
+industry cut by a third.
+    It contrasts the performance of manufacturing industry in
+1967 to 1974, with that since independence in 1980. Industrial
+production almost doubled between 1967 and 1974, when foreign
+currency allocations almost trebled in real terms.
+    Since 1980, import allocations have been cut 45 pct and the
+Zimbabwe dollar has depreciated by more than 60 pct. As a
+result the bank says the external purchasing power of foreign
+currency allocations is currently only 20 pct of its 1980
+levels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21730" NEWID="17107">
+<DATE>24-APR-1987 11:22:35.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1328&#31;reute
+u f BC-CANADA-STOCK-PURCHASE   04-24 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA STOCK PURCHASES BY FOREIGNERS SOAR</TITLE>
+<DATELINE>    OTTAWA, April 24 - </DATELINE><BODY>Foreign investors purchased, on a net
+basis, a record one billion dlrs of Canadian stocks in
+February, more than the total for all of 1986, Statistics
+Canada said.
+    U.S. residents continued to be the largest investor, with
+purchases doubling from the previous month to more than 800 mln
+dlrs.
+    Net sales of outstanding Canadian bonds to Japan, however,
+amounted to 679 mln dlrs in February, which, on average, was
+about 500 mln less than in each of the four previous months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21731" NEWID="17108">
+<DATE>24-APR-1987 11:31:18.91</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1358&#31;reute
+h f BC-NOBLE-&lt;NBL>-SUBMITS-H   04-24 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOBLE &lt;NBL> SUBMITS HIGH BID FOR TRACT</TITLE>
+<DATELINE>    ARDMORE, Okla., April 24 - </DATELINE><BODY>Noble Affiliates Inc said it
+submitted the high bid for six tracts at the Central Gulf of
+Mexico sale on April 22.
+    It said its exploration and production subsidiary, Samedan
+Oil Corp, participated in the high bid for the following
+tracts, West Cameron 296, East Cameron 296, Vermilion 266, Ship
+Shoal 350, Main Pass 90 and Main Pass 100.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21732" NEWID="17109">
+<DATE>24-APR-1987 11:39:16.40</DATE>
+<TOPICS><D>lead</D><D>zinc</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1395&#31;reute
+r f BC-COMINCO-&lt;CLT>-B.C.-WO   04-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO &lt;CLT> B.C. WORKERS AUTHORIZE STRIKE</TITLE>
+<DATELINE>    TRAIL, British Columbia, April 24 - </DATELINE><BODY>Cominco Ltd's 3,200
+unionized workers at its Trail and Kimberley, British Columbia
+lead-zinc operations voted 94 pct in favor of authorizing a
+possible strike, the union said in reply to an inquiry.
+    Their two-year contracts expire on April 30.
+    A spokesman for the United Steelworkers of America, which
+represents the workers, reiterated that private mediation talks
+are set for Monday and that no strike date had been set.
+   
+    The union has said it is asking for a three pct wage hike
+in each year of a proposed two-year contract, while Cominco has
+offered a 40 ct an hour increase in the third year of a
+proposed contract if workers agree to loosen rules on job
+classifications.
+    The average unionized worker's wage is now about 14.78 dlrs
+an hour.
+    Cominco's Trail operations produced 240,000 long tons of
+zinc and 110,000 long tons of lead in 1986. The Sullivan mine
+at Kimberley produced 2.2 mln long tons of ore last year, most
+for processing at the Trail smelter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21733" NEWID="17110">
+<DATE>24-APR-1987 11:40:48.73</DATE>
+<TOPICS><D>acq</D><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1404&#31;reute
+d f BC-PETRANOL-IN-TAKEOVER   04-24 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETRANOL IN TAKEOVER TALKS WITH PERRODO GROUP</TITLE>
+<DATELINE>    LONDON, April 25 - </DATELINE><BODY>&lt;Petranol Plc> said it was discussing
+the takeover of an unnamed company owned by Frenchman Hubert
+Perrodo in exchange for Perrodo taking a 51 pct stake in
+Petranol.
+    It said in a statement the assets of the company to be
+acquired included a "substantial interest" in an unspecified oil
+field in Torrance, California, and five mln dlrs in cash.
+    Funding commitments for Petranol, both in respect of the
+Californian oil field and Petranol's existing U.S. Assets,
+would be included in the agreement. Petranol said the deal
+would enhance its presence in the U.S., Increase its capital
+and secure the availability of development cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21734" NEWID="17111">
+<DATE>24-APR-1987 11:41:34.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1410&#31;reute
+d f BC-HAGENSBORG-RESOURCES   04-24 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAGENSBORG RESOURCES &lt;HGS.V> RAISES SEVEN MLN</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, April 24 - </DATELINE><BODY>Hagensborg
+Resources Ltd said it will receive a seven mln dlrs Canadian
+line of credit from the Bank of Novia Scotia to develop a
+salmon farming operation.
+    The company said the funds will be used to complete
+construction of the land-based operation at Nanaimo in British
+Columbia.
+    Details of the credit line are being finalized with the
+Bank of Novia Scotia with the financing to be fully guaranteed
+by Norway-based Den Norske Creditbank and the Norwegian
+Guarantee Institute for Export Credit, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21735" NEWID="17112">
+<DATE>24-APR-1987 11:46:50.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>morocco</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1432&#31;reute
+r f BC-WORLD-BANK-LOANS-MORO   04-24 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LOANS MOROCCO 125 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>The World Bank said it will provide
+Morocco a 125 mln dlr loan for a project intended to improve,
+expand and modernize its telecommunications network.
+    The Bank said the project expects to satisfy about 80 pct
+of the demand for telephone service and the 100 pct of the
+demand for telex service by 1994.
+    The total cost of the project is 647.5 mln dlrs, with the
+Office National des Postes et Telecommunications du Maroc
+providing 359.6 mln dlrs and bilateral sources expected to
+provide 189.9 mln dlrs, the Bank said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21736" NEWID="17113">
+<DATE>24-APR-1987 11:48:52.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1439&#31;reute
+r f BC-JIM-WALTER-&lt;JWC>-APRO   04-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JIM WALTER &lt;JWC> APROVES STOCK SPLIT</TITLE>
+<DATELINE>    TAMPA, Fla., April 24 - </DATELINE><BODY>Jim Walter Corp said its board
+approved a 5-for-4 stock split in the form of a 25 pct stock
+dividend to be distributed July 12 to stockholders of record
+June 15.
+    It also said its board approved a regular quarterly cash
+dividend of 35 cts a share on its pre-split common, payable
+July one to holders of record June 15. The current dividend is
+equal to 28 cts on the common outstanding after the split.
+    The company said it plans to increase the quarterly cash
+dividend on the post-split shares by seven pct to 30 cts
+beginning with the October one payment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21737" NEWID="17114">
+<DATE>24-APR-1987 11:50:02.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1448&#31;reute
+r f BC-BANK-BOARD-CHAIRMAN-S   04-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK BOARD CHAIRMAN SAYS MORE FSLIC FUNDS NEEDED</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>Federal Home Loan Bank Board
+chairman Edwin Gray said pending bills do not provide enough
+money for the Federal Savings and Loan Insurance Corp to deal
+with insolvent thrift associations.
+    The Senate has passed a bill to provide 7.5 billion dlrs in
+FSLIC recapitalization, while the House Banking Committee has
+approved five billion dlrs in new funds.
+    "We are operating right now on net operating losses of four
+billion dlrs a year. That's double last year. We think it's
+going to increase," Gray told a Senate Appropriations
+subcommittee hearing.
+    "The FSLIC is insolvent under generally accepted accounting
+procedures and it lacks the financial resources to
+cost-effectively resolve its caseload of insolvent
+institutions," Gray said.
+    Gray said FSLIC now had 191 cases and the number was
+expected to increase.
+    He said the gap between the 80 pct of healthy savings
+associations and the other 20 pct of thrifts grew in 1986.
+    Banking committee chairman William Proxmire, D-Wis, told
+Gray he supported more recapitalization, but other members did
+not want to impose a greater burden on healthy thrifts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21738" NEWID="17115">
+<DATE>24-APR-1987 11:56:05.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1469&#31;reute
+r f BC-SIERRA-HEALTH   04-24 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR HAS 5.1 PCT OF SIERRA HEALTH &lt;SIE></TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>Peter Lin, a Montebello, Calif.,
+physician, told the Securities and Exchange Commission he has
+acquired 285,000 shares of Sierra Health Services Inc, or 5.1
+pct of the total outstanding common stock.
+    Lin said he bought the stock for about 1.7 mln dlrs solely
+for investment purposes.
+    Although he said he may buy more stock in Sierra Health
+Services, Lin said he has no intention of seeking control of
+the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21739" NEWID="17116">
+<DATE>24-APR-1987 11:57:12.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1476&#31;reute
+r f BC-GM-&lt;GM>,-TOYOTA-JOINT   04-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM>, TOYOTA JOINT VENTURE CUTS PRODUCTION</TITLE>
+<DATELINE>    FREMONT, Calif., April 24 - </DATELINE><BODY>New United Motor Manufacturing
+Inc, a joint venture formed by General Motors Corp and Toyota
+Motor Corp, said it plans to cut production at its automaking
+facility here because of lower than anticipated sales.
+    The company said production will be reduced to about 750
+vehicles per day from the current rate of 800 per day,
+effective May 18.
+    It said there will be no layoffs because of the cutbacks,
+but the lower production schedule will be in effect throughout
+the 1987 model year.
+    GM and Toyota produce the Chevrolet Nova at the
+joint-venture plant, which began production in December, 1984.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21740" NEWID="17117">
+<DATE>24-APR-1987 12:02:57.56</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>iraq</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1502&#31;reute
+u f BC-IRAQ-SAYS-IT-HIT-TWO   04-24 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ SAYS IT HIT TWO SHIPS IN GULF, DOWNS IRAN F-4</TITLE>
+<DATELINE>    BAGHDAD, April 24 - </DATELINE><BODY>Iraq said its warplanes attacked two
+large naval targets -- Baghdad's usual term for oil tankers or
+merchant ships -- in the Gulf today.
+    A military spokesman said the planes scored accurate and
+effective hits in both attacks.
+    There was no immediate confirmation of the raids from
+independent shipping sources in the region.
+    The spokesman said during one of the attacks, Iraqi planes
+intercepted an Iranian F-4 Phantom and shot it down. All Iraqi
+warplanes returned safely to base, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21741" NEWID="17118">
+<DATE>24-APR-1987 12:04:49.88</DATE>
+<TOPICS><D>copper</D><D>nickel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1510&#31;reute
+u f BC-U.S.-MINT-ANNOUNCES-C   04-24 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MINT ANNOUNCES COPPER/NICKEL AWARDS</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>The U.S. Mint said it awarded
+contracts to Philipp Brothers, N.Y., and Sidney Danziger, a New
+York metals merchant, to procure 3,701,000 lbs of
+electrolytic copper and 629,000 lbs electrolytic cut nickel
+cathodes or briquettes.
+    The Mint said Philipp Brothers will supply the entire
+3,701,000 lbs of copper at a cost of 0.66845 dlrs per lb.
+    Sidney Danziger will furnish 338,000 lbs of the nickel at
+1.8344 dlrs per lb, while Phibro will provide 291,000 lbs at
+1.8369 dlrs per lb, the Mint said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21742" NEWID="17119">
+<DATE>24-APR-1987 12:07:15.93</DATE>
+<TOPICS><D>bop</D><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>bangemann</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1531&#31;reute
+u f BC-GERMAN-GROWTH-WILL-NO   04-24 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN GROWTH WILL NOT CUT U.S. DEFICIT -BANGEMANN</TITLE>
+<DATELINE>    BONN, April 24 - </DATELINE><BODY>Economics Minister Martin Bangemann, who
+flies to Washington this weekend for high level talks, said
+boosting West German economic growth would not have any
+significant effect on the high U.S. Current account deficit.
+    In a paper prepared ahead of his trip, Bangemann said
+Bonn's trading partners had been asking whether West German
+growth was slowing and whether the Federal Republic should not
+in the future pursue more strongly expansionary policies.
+    In the paper Bangemann wrote, "It is not possible to reduce
+the U.S. Current account deficit by any signficant amount just
+through more stimulation of the West German economy."
+    One U.S. Administration policy maker said in Washington
+this week that the United States government wanted West Germany
+and Japan to reduce their interest rates even further to
+stimulate their economies.
+    Bangemann said it was clear the high mark, as well as
+uncertainty about further currency developments, was making
+companies here cautious about production plans and investments.
+    While West Germany did not seek exchange rates which
+unilaterally favoured its exports, it favoured more stability
+and realistic rates, which corresponded to "fundamentals."
+    He welcomed the February "Louvre Agreement" of six industrial
+nations to stabilise currencies and said, "(We) expect all
+parties to hold by the accords struck there." West Germany had
+fulfilled its pledge of boosting planned tax cuts, he noted.
+    Despite calls for lower interest rates, Bundesbank
+Vice-President Helmut Schlesinger has hinted that central bank
+policy may even have to be tightened.
+    He wrote in a newspaper article published yesterday that
+the Bundesbank's current accommodative stance could not
+continue in the long term.
+    During his trip to Washington, which runs from April 26 to
+29, Bangemann will meet Secretary of State George Shultz, trade
+envoy Clayton Yeutter, World Bank President Barber Conable, IMF
+Managing Director Michel Camdessus and Paul Volcker, Chairman
+of the Federal Reserve Board.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21743" NEWID="17120">
+<DATE>24-APR-1987 12:07:42.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1534&#31;reute
+r f BC-PHIBRO-ENERGY-CHAIRMA   04-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHIBRO ENERGY CHAIRMAN SAID TO HAVE RESIGNED</TITLE>
+<DATELINE>    New York, April 24 - </DATELINE><BODY>Thomas O'Malley, Chairman of Phibro
+Energy, a subsidiary of Salomon Bros Inc &lt;SB>, has left the
+company to form his own oil trading firm because of unhappiness
+with the current arrangement between Salomon Brothers and
+Phibro Energy, industry sources said.
+    Earlier he resigned as a Director and Vice Chairman of
+Salomon Inc.
+    A Salomon spokesman did not deny that O'Malley had left the
+company but offered no further comments at this time.
+    Al Kaplan, another former Phibro Energy executive, will
+join the new business, the sources said.
+    The new company, Argus Energy, is located in Stamford,
+Conn., and will begin active trading in June of this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21744" NEWID="17121">
+<DATE>24-APR-1987 12:09:23.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1546&#31;reute
+r f BC-FARM-CREDIT-SEEN-NEED   04-24 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM CREDIT SEEN NEEDING UP TO 4.5 BILLION DLRS</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>The Farm Credit System will need
+3-4.5 billion dlrs in federal assistance to cover losses over
+the next three years, a member of the board of the System's
+regulatory agency said.
+    Jim Billington, member of the three-person board of
+directors of the Farm Credit Administration, said he intended
+to ask the board on May 5 to vote to certify that the ailing
+farm lending network needs federal aid.
+    Billington, the sole Democrat on the board, said the System
+would need federal aid sooner than suggested by a FCA report,
+which said assistance would be required by the end of 1987.
+    "I would say the System will require outside financial
+assistance possibly by July 1 if System districts don't lend
+unsecured credit to one another to meet collateral problems," he
+said.
+    FCA officials today disclosed that efforts by the System's
+districts to reach a collateral-sharing agreement has been
+suspended.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21745" NEWID="17122">
+<DATE>24-APR-1987 12:18:34.57</DATE>
+<TOPICS><D>acq</D><D>gold</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1595&#31;reute
+r f BC-ABM-GOLD-TO-RAISE-INT   04-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABM GOLD TO RAISE INTERESTS IN CANADA COMPANIES</TITLE>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>ABM Gold Corp will use the proceeds of
+an initial public offering of seven mln shares of stock at 10
+dlrs a share to increase its interest in three Canadian
+companies, said co-managing underwriters PaineWebber Inc and
+Advest Inc.
+    ABM Gold manages and develops properties of Sonora Gold
+Corp &lt;SON.TO>, Goldenbell Resources Inc &lt;GBL.TO>, United Gold
+Corp &lt;UGC.V> and Inca Resources Inc &lt;IRI.TO>.
+    Proceeds will be used to raise its stake in Sonora, buy a
+15 pct interest in the net profits of Sonora's Jamestown mine,
+and buy capital stock of Goldenball and United, they said.
+    ABM Gold explores, acquires and develops gold properties in
+California, and also processes gold-bearing ore into gold
+bullion.
+    The co-managing underwriters said they are selling 3.5 mln
+shares in the U.S. and Canada, while an interational offering
+will be managed by PaineWebber International. The underwriters
+have been granted an option to buy up to an additional 105,000
+shares to cover over-allotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21746" NEWID="17123">
+<DATE>24-APR-1987 12:22:42.86</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>west-germany</D><D>ussr</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1621&#31;reute
+u f BC-EUROPEAN-BEET-SOWINGS   04-24 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN BEET SOWINGS CATCH UP, USSR DELAYED</TITLE>
+<DATELINE>    RATZEBURG, April 24 - </DATELINE><BODY>Fine weather throughout Europe
+allowed farmers to make good progress with sugar beet sowings
+during the period April 16-21, but conditions in the Soviet
+Union remained unfavourable, West German analyst F.O. Licht
+said.
+    With daytime temperatures in parts of Europe exceeding 20
+degrees centigrade Licht said sowings have been boosted and may
+be completed in most countries by the end of the month.
+    In France the beet growers' association said the entire
+crop could be sown within a week if the good weather persists.
+    Sowings this year will still be behind 1986 but Licht noted
+that good results have often been produced from late-sown
+crops.
+    In the Soviet Union, however, most beet-growing regions
+still had cool weather with night frosts. Only in the western
+Ukraine was it warm enough to permit sowings, Licht said.
+    Sowings in the USSR will consequently be much later than
+last year when one mln hectares had already been drilled by
+mid-April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21747" NEWID="17124">
+<DATE>24-APR-1987 12:25:23.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1636&#31;reute
+r f BC-FERRO-&lt;FOE>-INCREASES   04-24 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERRO &lt;FOE> INCREASES SHARES</TITLE>
+<DATELINE>    CLEVELAND, Ohio, APril 24 - </DATELINE><BODY>Ferro Corp said shareholders
+approved increasing the number of authorized common shares to
+50 mln from 20 mln.
+    Shareholders also approved amending the indemnification
+provisions of the Code of Regulations of the company and
+re-elected three directors to three-year terms on the board of
+directors.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21748" NEWID="17125">
+<DATE>24-APR-1987 12:26:00.70</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1640&#31;reute
+r f BC-AMOCO-&lt;AN>-TO-SUPPLY   04-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> TO SUPPLY LEADED GAS TO FARMERS</TITLE>
+<DATELINE>    CHICAGO, April 24 - </DATELINE><BODY>Amoco Oil Co said it will continue to
+sell leaded gasoline to farmers in certain portions of the
+midwest as long as there is sufficient demand for the product.
+    "It appears that the agricultural community will need
+limited amounts of leaded gasoline for certain types of
+equipment until an acceptable alternative is found," the
+company said.
+    Amoco previously announced it would sell all lead-free
+gasoline to motorists at its service stations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21749" NEWID="17126">
+<DATE>24-APR-1987 12:28:16.49</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1651&#31;reute
+b f BC-/BAKER-SAYS-G-7-WANTS   04-24 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS G-7 WANTS TO HALT DOLLAR FALL</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>Treasury Secretary James Baker said
+the Group of Seven leading industrial nations is fully
+committed to halting a further decline in the dollar.
+    "Let me emphasize that all seven major industrial nations
+remain fully committed to strengthening policy coordination,
+promoting growth and cooperating to foster stability of
+exchange rates," he told the American Enterprise Institute.
+    "We all believe a further decline of the dollar could be
+counter productive to our efforts (to promote growth)," he said.
+    Baker also said that after meeting Japanese special envy
+Shintaro Abe, "it's clear that Japan intends to take strong
+steps to stimulate its economy to meet its committments under
+the Louvre Accord."
+    Baker said in the past two years he has worked to promote
+greater coordination of economic policies and important
+progress has been made.
+    "Substantial exchange rate adjustments have also been
+accomplished over the past two years so that today we are
+better positioned to promote growth and reduce external
+imbalances," he said.
+    Baker pointed out that in February the seven agreed to
+foster stable exchange rates and those commitments were
+renewed recently.
+     In a speech largely devoted to discussing trade and
+competitiveness, Baker again warned of the dangers of
+protectionist trade legislation, saying it would harm the U.S.
+standard of living.
+    Baker stressed adminstration trade policy sought to remove
+foreign barriers to trade and via forthcoming GATT talks will
+focus on agriculture, services and intellectual property.
+    The Treasury Secretary said that as well as trade issues he
+had to focus on macroeconomic issues as well which encompass
+the trade picture.
+    "The world economy today is really one constantly flowing
+circle of capital and goods. Trade accounts catch and measure
+that flow at only one spot on the circle," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21750" NEWID="17127">
+<DATE>24-APR-1987 12:28:56.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1655&#31;reute
+r f BC-ELDERS-ACQUIRES-95-PC   04-24 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDERS ACQUIRES 95 PCT OF CARLING &lt;CKB></TITLE>
+<DATELINE>    TORONTO, April 24 - </DATELINE><BODY>&lt;Elders IXL Ltd>, of Australia, said it
+acquired 20.8 mln or 95 pct of Carling O'Keefe Ltd common
+shares under its previously announced tender offer that expired
+yesterday.
+    Investment Canada said earlier this week it approved
+Elders's takeover of Carling, Canada's third largest brewery.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21751" NEWID="17128">
+<DATE>24-APR-1987 12:30:46.85</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1661&#31;reute
+u f BC-WHITE-HOUSE-SAYS-MARC   04-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE SAYS MARCH CPI "NO CAUSE FOR ALARM"</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>The White House said last month's
+0.4 per cent in increase in the CPI, the third sharp rise in
+three months and one that brought the annual inflation rate to
+6.2 pct so far this year, was no cause for alarm.
+    "While this is something to watch, it's not something to be
+alarmed about," said spokesman Marlin Fitzwater.
+    He said the three month increase in inflation was due
+almost entirely to higher energy prices.
+    Fitzwater said once an OPEC price hike is "passed through
+the system," the nation should see a slowing of the inflation
+rate to the administration's 3.8 pct 1987 forecast.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21752" NEWID="17129">
+<DATE>24-APR-1987 12:36:47.82</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1702&#31;reute
+r f BC-U.S.-PRODUCTIVITY-REP   04-24 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PRODUCTIVITY REPORT RESCHEDULED TO MAY 4</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>The Labor Department said it
+rescheduled the release of the first-quarter nonfarm
+productivity report to May 4 at 1000 EDT (1400 GMT) from April
+27.
+    The delay was necessary because the Commerce Department
+moved back release of national income and product data used by
+the Labor Department to compute productivity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21753" NEWID="17130">
+<DATE>24-APR-1987 12:41:07.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1716&#31;reute
+u f BC-SEARS-&lt;S>-RESTRUCTURE   04-24 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> RESTRUCTURES BUSINESS SYSTEMS CENTERS</TITLE>
+<DATELINE>    CHICAGO, April 24 - </DATELINE><BODY>Sears Roebuck and Co said it will
+restructure its business systems centers, which sell computer
+systems.
+    The restructuring reflects the changing personal computer
+market, Sears said.
+    Sears will consolidate 41 business systems center outlets
+in markets where it has more than one sales facility.
+    Sales and support staffs will remain intact and will report
+to a single location in most metropolitan areas.
+    When the consolidation is complete, Sears will operate 59
+computer centers in 51 markets nationwide.
+    Some 31 markets with single sales offices will not be
+affected.
+    "We no longer need as many sales locations in each market
+because our sales organization will be calling directly upon
+our customers at their places of business," explained John H.
+Rollins, national manager of Sears Business Systems Centers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21754" NEWID="17131">
+<DATE>24-APR-1987 12:43:46.43</DATE>
+<TOPICS><D>oilseed</D><D>sunseed</D><D>veg-oil</D><D>sun-oil</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f1728&#31;reute
+u f BC-SPANISH-SUNOIL-EXPORT   04-24 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH SUNOIL EXPORTERS SEEK SEED CLEARANCE</TITLE>
+<DATELINE>    MADRID, April 24 - </DATELINE><BODY>Spanish exporters are asking the
+government to clear 33,200 tonnes of sunflower seed authorised
+for export by the European Community (EC), a spokesman for one
+of Spain's major sunflower oil producers said.
+    He told Reuters in a telephone interview the government was
+holding back on authorisation to hold prices low.
+    "They are deliberately keeping prices down to help meet this
+year's inflation target despite the threat of a surplus on what
+looks like a bigger harvest than we expected," he said.
+    He said the policy of allowing stocks to accumulate had
+caused a price drop, with raw oil prices falling to 147 pesetas
+a kilo from 160 at the start of the 1986/87 marketing year
+ending July 31.
+    Sunflower oil output was expected to rise to 370,000 tonnes
+this year from 340,000 last year, with seed output up at
+905,000 tonnes from 860,000 last year.
+    He said domestic consumption was falling due to imports of
+other edible oils. "We estimate demand at 296,000 tonnes this
+year, leaving a 124,000 tonne surplus with the 50,000 tonnes
+now stockpiled," he said. "If we discount 24,000 tonnes held for
+strategic purposes, this still leaves us with 100,000 tonnes."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21755" NEWID="17132">
+<DATE>24-APR-1987 12:43:50.14</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1729&#31;reute
+u f BC-JAPAN-BUYS-UP-TO-8,00   04-24 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS UP TO 8,000 TONNES CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, April 24 - </DATELINE><BODY>Japanese crushers bought 5,000 to
+8,000 tonnes of Canadian rapeseed for last-half May/first-half
+June shipment, trade sources said. Price details were not
+available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21756" NEWID="17133">
+<DATE>24-APR-1987 12:46:35.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1739&#31;reute
+u f BC-CORRECTION---PHIBRO-E   04-24 0067</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - PHIBRO ENERGY CHAIRMAN
+    In New York story headlined "Phibro Energy chairman said to
+have resigned," please read in headline "Former Phibro Energy
+Chariman Starts New company" and first paragraph: Thomas
+O'Malley, former chairman and chief executive officer of Phibro
+Energy, a subsidiary of Salomon Bros. Inc., has formed a oil
+trading company. (clarifies that O'Malley was former chairman)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21757" NEWID="17134">
+<DATE>24-APR-1987 12:49:58.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1751&#31;reute
+d f BC-CONTINENTAL-&lt;CONT.O>   04-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL &lt;CONT.O> BOARD CONSIDERS SUIT</TITLE>
+<DATELINE>    MECHANICSBURG, Pa, April 24 - </DATELINE><BODY>Continental Medical Systems
+Inc said its board met to consider the allegations in the
+derivative action filed by Continental Care Group and that
+officers named as defendants believe it to be totally without
+merit is likely to be dismissed in Maryland Federal court.
+    Continental Medical has sued Continental Care Group for
+over 5 mln dlrs for breach of a contract calling for it to buy
+12 nursing homes from Continental Care.
+    Yesterday, Continental Care filed a derivative action
+against Continental Medical charging it with fraud and
+misrepresentation of fiduciary duties.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21758" NEWID="17135">
+<DATE>24-APR-1987 12:54:36.57</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D><D>gas</D><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1767&#31;reute
+u f BC-/SHELL-OIL-FIRST-QUAR   04-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL OIL FIRST QUARTER NET DROPS 61 PCT </TITLE>
+<DATELINE>    HOUSTON, April 24 - </DATELINE><BODY>Shell Oil Co said first quarter net
+income dropped 61 pct over the prior-year quarter on revenues
+that slipped four pct.
+    "Lower prices for crude oil and natural gas and reduced
+margins in our oil and chemical products businesses were the
+major factor for the earings decline," John F. Bookout,
+president, said in a statement.
+    For the quarter, the company, a unit of Royal Dutch/Shell
+Group &lt;RD> &lt;SC>, earned 108 mln dlrs on sales of 4.50 billion
+dlrs, compared with 276 mln dlrs on sales of 4.67 billion dlrs
+a year ago.
+    Bookout said the company is cautiously optimistic oil
+markets will be less volatile in coming months than they were
+in 1986.
+    "In coming months, oil products results should benefit from
+seasonally higher gasoline volumes," he said.
+    "However, so long as U.S. product inventories remain high,
+it may be difficult to fully recover from the depressed margins
+of recent periods," he added.
+    Bookout said the company's chemical products earnings
+should benefit from strong performances in chemical sales
+volumes and continued high industry operating rates.
+    Shell said its oil and gas exploration and product segment
+earned 110 mln dlrs for the quarter vs 91 mln dlrs in 1986.
+    It said earnings were hurt by lower selling prices for
+crude oil, natural gas and natural gas liquids. Domestic crude
+oil prices averaged 14.24 dlrs a barrel, compared with 19.28
+dlrs last year, while natural gas prices dropped 24 pct, Shell
+said.
+    Shell said earnings at its oil products segment plunged by
+53 mln dlrs, to eight mln dlrs. It said lower refined product
+selling prices were only partially offset by reduced raw
+material costs.
+    The company said earnings from chemical products also fell
+sharply, to 40 mln dlrs from 72 mln dlrs, due mainly to lower
+margins, especially in commodity chemicals, coupled with its
+pullout from the agricultural chemicals business in October
+1986.
+    Shell said capital and exploratory outlays totaled 500 mln
+dlrs for the quarter, off from 645 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21759" NEWID="17136">
+<DATE>24-APR-1987 12:56:25.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ethiopia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>un</D><D>eca</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1774&#31;reute
+r f BC-AFRICAN-GOVERNMENTS-C   04-24 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFRICAN GOVERNMENTS COMPLY ON RECOVERY PROGRAMMES</TITLE>
+<DATELINE>    ADDIS ABABA, April 24 - </DATELINE><BODY>A majority of 31 African countries
+replying to a questionnaire had carried out economic reforms
+recommended in United Nations and Organisation of African Unity
+(OAU) recovery programmes, Adebayo Adedji, Executive Secretary
+of the U.N.'s Economic Commission for Africa said.
+    He told African planning and economy ministers that the
+questionnaires, distributed by the Economic Commission to
+monitor the programmes, showed that 25 of the 31 countries had
+taken steps to increase foreign aid.
+    The same number had improved the investment climate in
+their countries, he said.
+    Twenty-two had made structural adjustments to their
+economies, 22 had taken measures to promote exports and five
+had carried out an "overall economic rehabilitation," he added.
+    The main thrust of the recovery programmes was to encourage
+agriculture by giving farmers greater incentives to produce.
+    The OAU plan envisaged investment of 128 billion dlrs in
+all 50 African countries over the next five years. Foreign
+donors were expected to contribute 46 billion dlrs.
+    Nineteen out of 50 African governments have failed to
+answer the questionnaire, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21760" NEWID="17137">
+<DATE>24-APR-1987 13:06:58.68</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1810&#31;reute
+u f BC-ASCS-SEEKS-12.5-MLN-P   04-24 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASCS SEEKS 12.5 MLN POUNDS VEG OIL FOR EXPORT</TITLE>
+<DATELINE>    CHICAGO, April 24 - </DATELINE><BODY>The Agricultural Stabilization and
+Conservation Service (ASCS) is seeking 12.5 mln pounds of
+vegetable oil for export June 6-20 and June 21/July 5, an ASCS
+official said.
+    Offers must be received at the Kansas City Commodity Office
+by 1430 CDT May 4, and successful offerors will be notified May
+5.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21761" NEWID="17138">
+<DATE>24-APR-1987 13:07:35.68</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1813&#31;reute
+u f BC-TREASURY'S-BAKER---G-   04-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER - G-7 OPPOSE FURTHER DLR DROP</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>Treasury Secretary James Baker said
+the Group of Seven countries, in seeking to foster stability in
+exchange markets, believe a further decline in the value of the
+dollar would be counterproductive.
+     In answer to questions by a business group, Baker said
+that for one thing further reductions could make it
+economically difficult for the surplus countries to grow,
+thereby making it difficult for them to purchase overseas
+goods. In addition, Baker said he was opposed to the U.S.
+selling a yen denominated bond arguing that such a move might
+send the wrong signal to markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21762" NEWID="17139">
+<DATE>24-APR-1987 13:08:14.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1818&#31;reute
+u f BC-GERMAN-BANKS-FACE-DIS   04-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKS FACE DISRUPTION AFTER TALKS COLLAPSE</TITLE>
+<DATELINE>    DUESSELDORF, April 24 - </DATELINE><BODY>West German banks face disruption
+from strike ballots and selective strikes after the breakdown
+of talks on wages and working hours, the German Employees
+Union, DAG, and the Commerce, Banking and Insurance Union, HBV,
+said.
+    But the chairman of the bank employers' federation, Horst
+Burgard, told reporters in Frankfurt he hoped the two sides
+would reach agreement after a pause for thought.
+    DAG chief negotiator Gerhard Renner said the employers'
+offer to resume talks was farcical as long as they refused to
+remove the issue of flexible working hours from the talks.
+    Both sides agreed there was now little point in top level
+negotiations similar to those held in the engineering industry
+which resolved a dispute on working hours.
+    Renner and HBV chief negotiator Lorenz Schwegler said they
+were prepared to compromise on the issue of flexible working
+hours, but this subject should not be included in the wage
+negotiations for the 380,000 bank employees.
+    Burgard, also management board member of Deutsche Bank AG,
+said the employers sought acceptance of more flexible hours on
+an unchanged 40 hour week in the negotiations.
+    The employers have unilaterally imposed a 3.6 pct pay rise
+backdated to March 1, with the collapse of the talks. The HBV
+is seeking a six pct rise and DAG a 6.5 pct increase.
+    Schwegler said the unions would react to the collapse of
+the talks with protest and warning strikes. Union officials
+would resist overtime and attempts to introduce flexible hours.
+    Next week the unions will set strike ballots aiming at
+strikes in sensitive areas such as bank computer and bourse
+data centres. The unions only account for some 25 pct of bank
+employees. DAG will seek support from its members in the
+Bundesbank who are not directly affected by the negotiations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21763" NEWID="17140">
+<DATE>24-APR-1987 13:09:16.09</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1825&#31;reute
+u f BC-GERMAN-INTERVENTION-S   04-24 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN INTERVENTION SUGAR FOR EXPORT - LDN TRADE</TITLE>
+<DATELINE>    LONDON, April 24 - </DATELINE><BODY>The most likely reason for West German
+producers withdrawing white sugar from intervention stores is
+that they already have, or are reasonably certain of, obtaining
+European Community (EC) export licences for it, traders said.
+    They were responding to EC Commission sources in Brussels
+saying West German producers have withdrawn most of the 79,250
+tonnes of the sugar they put into intervention on April 1.
+    The traders said it is also likely that French producers,
+who put over 700,000 tonnes into intervention, will withdraw a
+significant proportion of this for the same reason before they
+are due to accept payment for the sugar in early May.
+    Earlier this week traders said the stepping up of the level
+of export licences being granted by the EC at recent tenders,
+with generous subsidies, had been due to producer threats to
+leave the sugar in intervention and to a desire to move most of
+the old crop sugar before the new crop tenders start in May.
+    The EC has so far granted licences for 2,467,970 tonnes out
+of around 3.1 mln tonnes targetted for export in the 1986/87
+series of tenders. This would indicate the likelihood of high
+tonnages continuing to be moved over the next few tenders and
+subsidies also remaining high in order to attract producer bids
+for the export licences, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21764" NEWID="17141">
+<DATE>24-APR-1987 13:17:09.30</DATE>
+<TOPICS><D>money-fx</D><D>bop</D><D>coffee</D></TOPICS>
+<PLACES><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1875&#31;reute
+r f BC-UGANDAN-GOVERNMENT-PR   04-24 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UGANDAN GOVERNMENT PROPOSES NEW TAXES</TITLE>
+<DATELINE>    KAMPALA, April 24 - </DATELINE><BODY>The Ugandan government, in its four
+year investment and development plan, proposed taxing land and
+food crops in an attempt to broaden its revenue base away from
+dependence on coffee sales.
+    The government also said in the plan, made available to
+Reuters, that a devaluation of the Ugandan shilling would do
+little to redress a chronic balance of payments deficit.
+    The plan, the first since President Yoweri Museveni took
+power 15 months ago, seeks to raise 2.4 billion dlrs in
+investment funds from abroad between 1987 and 1991.
+    It says the government had already secured 1.4 billion dlrs
+in pledges before Islamic lenders promised a further 494 mln
+dlrs at a conference in Kampala last week.
+    Uganda already had an external debt of 984 mln dlrs at the
+end of 1986 and in the nine months of the current budget debt
+servicing will cost 204 mln dlrs, almost 50 pct of export
+earnings of 431 mln, the plan said.
+    The new fiscal measures include a proposed tax on large
+land holdings, regardless of whether the owners are exploiting
+them, and taxes on maize, beans and other crops sold by the
+Produce Marketing Board.
+    The plan says the aim is to spread the tax burden, which in
+Uganda has traditionally fallen almost exclusively on coffee
+farmers. Coffee provides over 90 pct of foreign exchange
+earnings and more than 70 pct of government revenue.
+    On exchange rate policy, it repeats Museveni's argument
+that any form of fotation would not help allocating resources.
+    Western governments and multilateral funds say the Ugandan
+shilling is grossly overvalued and the government must change
+the exchange rate if it wishes to encourage investment. The
+shilling sells on the black market at more than 15,000 to the
+dollar, compared with an official rate of 1,400.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21765" NEWID="17142">
+<DATE>24-APR-1987 13:17:50.07</DATE>
+<TOPICS><D>silver</D></TOPICS>
+<PLACES><D>mexico</D><D>peru</D></PLACES>
+<PEOPLE><D>del-mazo</D><D>mancera-aguayo</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f1879&#31;reute
+u f BC-no-mexican-reaction-t   04-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO MEXICO REACTION TO PERU SILVER TALKS PROPOSAL</TITLE>
+<DATELINE>    Mexico city, april 24 - </DATELINE><BODY>mexico's minister of energy and
+mines, alfredo del mazo, has yet to reply to a peruvian
+invitation for ministerial-level talks on bilateral cooperation
+in silver marketing, a ministry spokesman said.
+    Peruvian officials said they extended the invitation
+earlier this week and that it was possible the talks could be
+held within the next 15 days.
+    Meanwhile, a banco de mexico spokesman confirmed that
+mexican central bank head miguel mancera aguayo held private
+talks here yesterday with the president of the peruvian central
+bank leonel figueroa.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21766" NEWID="17143">
+<DATE>24-APR-1987 13:30:20.65</DATE>
+<TOPICS><D>gnp</D><D>jobs</D><D>cpi</D></TOPICS>
+<PLACES><D>jamaica</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1919&#31;reute
+u f BC-seaga-presents-growth   04-24 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEAGA PRESENTS GROWTH BUDGET FOR 1987</TITLE>
+<DATELINE>    KINGSTON, Jamaica, April 24 - </DATELINE><BODY>prime minister edward seaga
+last night presented a budget of 6.9 billion jamaica dlrs, the
+largest in the country's history, which projects increases in
+capital spending and continued divestment of state companies.
+    In a nationally televised speech to the parliament, the
+prime minister, who is also minister of finance, said jamaica's
+gdp grew by four pct, the highest level in 15 years, while
+unemployment stood at 23.6 pct, down from last year's 26 pct.
+Inflation, meanwhile, was 9.4 pct, as compared to 19.7 pct two
+years ago.
+    Government revenues were up by 419 mln jamaica dlrs, to 4.3
+billion, enough to finance the entire recurrent expenditure of
+3.7 billion dlrs, with a 666 mln dlr surplus.
+    Seaga said that with financial accounts in order, the
+government will proceed to reduce the country's debt service
+ratio from the current level of 49 pct of gdp to 25 pct over
+the next five years.
+    During this period, he said, growth would be targetted at
+three to four pct.
+    The 6.9 billion dlr budget, which represents an increase of
+18 pct over last year's 5.8 billion, will be financed by
+borrowing of 8.868 billion dlrs and estmated revenue of 1.385
+billion.
+    Seaga said 1.835 billion of the budget will go to finance a
+government capital investment program. The plan, which
+represents a 10.3 pct increase over last year, projects greater
+spending on health, education, housing and infrastructure. Some
+818 mln dlrs in revenue to finance the budget will come from
+the government's divestment program, which seaga said will be
+stepped up in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21767" NEWID="17144">
+<DATE>24-APR-1987 13:30:26.81</DATE>
+<TOPICS><D>gnp</D><D>bop</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1920&#31;reute
+u f BC-FRANCE-REVISES-1986-G   04-24 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE REVISES 1986 GDP GROWTH FROM TWO TO 1.9 PCT</TITLE>
+<DATELINE>    PARIS, April 24 - </DATELINE><BODY>France's National Statistics Institute
+(INSEE) said French 1986 Gross Domestic Product (GDP) grew by
+1.9 pct, after Finance Minister Edouard Balladur reported a
+1986 rise of just two pct in February.
+    France's balance of payments surplus in goods and services
+rose to 53 billion francs in 1986 against 28 billion in 1985.
+    The annual average monthly rise in retail prices was 2.7
+pct in 1986 from 1985, INSEE added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21768" NEWID="17145">
+<DATE>24-APR-1987 13:34:27.87</DATE>
+<TOPICS><D>ship</D><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1936&#31;reute
+u f BC-SOVIET-CORN-CARGO-REJ   04-24 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET CORN CARGO REJECTED, RELOADING AT CHICAGO</TITLE>
+<DATELINE>    CHICAGO, April 24 - </DATELINE><BODY>A cargo of U.S. corn for the Soviet
+Union was rejected and forced to be unloaded at a Chicago
+export elevator earlier this week after it failed to make
+grade, with the British vessel Broompark now being reloaded, an
+elevator spokesman said.
+    The first attempt to load the ship failed when the
+percentage of broken kernels proved to be higher than contract
+specifications, he said.
+    The Soviets traditionally refuse to take sub-grade grain at
+a price discount, as is the practice with many other importing
+nations, he added.
+    The official estimated the reloading of the vessel with
+about 700,000 tonnes of corn may be completed by Tuesday, April
+28.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21769" NEWID="17146">
+<DATE>24-APR-1987 13:39:19.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1947&#31;reute
+u f BC-HENLEY-GROUP-&lt;HENG.O>   04-24 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENLEY GROUP &lt;HENG.O> DID NOT HIRE BEAR STEARNS</TITLE>
+<DATELINE>    New York, April 24 - </DATELINE><BODY>Henley Group said it has not hired
+Bear Stearns and Co in connection with Santa Fe Southern
+Pacific Corp &lt;SFX>, a Henley spokesman said.
+    Traders have said in the past two sessions that it seems
+Bear Stearns was restricted in both Santa Fe Southern and
+Henley, implying that Bear Stearns may be helping Henley
+examine the possibility of taking over Santa Fe.
+    "We don't have them looking into anything, including Santa
+Fe," a spokesman said, in response to questions from Reuters.
+    Bear Stearns has declined comment.
+    Traders said there was also speculation that Henley was a
+buyer of Santa Fe stock in the last two days.
+    Henley said it does not comment on whether it is buying or
+selling stock in a company.
+    Separately, Wall Street sources said the reports of Henley
+acquiring Santa Fe stock in recent sessions are untrue. Henley
+has told the securities and exchange commission that it bought
+about five pct of Santa Fe stock last year.
+    Santa Fe was up earlier by more than two points. It was
+trading at 42, up 1/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21770" NEWID="17147">
+<DATE>24-APR-1987 13:44:27.47</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1965&#31;reute
+r f BC-BANK-OF-FINLAND-EASES   04-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FINLAND EASES REFERENCE RATE RESTRICTIONS</TITLE>
+<DATELINE>    HELSINKI, April 24 - </DATELINE><BODY>The Bank of Finland said it was
+reducing restrictions on the use of money market rates as
+reference rates for loans.
+    The Bank would start quoting money market rates referred to
+as HELIBOR (Helsinki Interbank Offered Rate). Banks may
+henceforth use these as reference rates in their lending, it
+said.
+    From May 1 the banks would be allowed, without special
+central bank approval, to use as a reference rate not only its
+base rate but also other Bank of Finland rates or the official
+money market rate used in market transactions.
+    A derivative of these could also be used, the statement
+said. But housing loans would be excepted and their lending
+rate would, as formerly, be linked directly or indirectly to
+the Bank of Finland's base rate.
+    The new guidelines involve mainly two changes. Money market
+rates in future would be used as reference rates for loans with
+a maturity of over five years and the introduction of a new
+reference rate would no longer require central bank approval.
+    The decision was made as a continuation of the central
+bank's process of liberalisation, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21771" NEWID="17148">
+<DATE>24-APR-1987 13:45:44.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1970&#31;reute
+r f BC-ROCKWELL-SIGNS-AGREEM   04-24 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKWELL SIGNS AGREEMENT ON VALEO SUBSIDIARY</TITLE>
+<DATELINE>    PARIS, April 24 - </DATELINE><BODY>Rockwell International Corp &lt;ROK.N> has
+signed an agreement leading to the takeover of Valeo &lt;VLOF.PA>
+subsidiary &lt;SO.M.A. Europe Transmissions>, Valeo said in a
+statement.
+    The company said Rockwell had agreed to handle Soma sales
+around the world and to help Valeo in restructuring its
+loss-making subsidiary.
+    It also said Rockwell, an American high-technology
+engineering group with interests in aerospace and the car
+industry, would take control of Soma at the beginning of 1988
+if it obtained approval from the French government.
+    Soma, a fully owned subsidiary of Valeo, makes axles and
+gear boxes for heavy vehicles and machinery mostly used in the
+construction business. A Valeo spokesman said &lt;S.E.S.M.>, a
+subsidiary of Soma specialized in equipment for military
+vehicles, had been excluded from the agreement with Rockwell.
+     He said no details were available on the eventual amount
+Rockwell would pay for Soma.
+    Vehicle components maker Valeo was the object of a takeover
+bid in 1986 by Italian group &lt;Compagnie Industriali Riunite>
+(CIR), controlled by Olivetti chairman Carlo de Benedetti.
+    The French government limited CIR's holding in Valeo to
+less than 30 pct in June 1986, after classifying Valeo as a
+defence contractor. Today CIR has effective control of Valeo
+through its French holding company &lt;Compagnies Europeenes
+Reunies>, Cerus, which has a 18.24 pct stake in Valeo.
+    Since CIR won control of the French group in June, Valeo
+has pursued a policy of concentrating its activities on the car
+industry. The company spokesman said Valeo had sold off all its
+construction interests in 1986 but declined to comment on the
+amount of the sales.
+    The spokesman said figures were not available on Soma's
+losses in 1986 but said the company had registered a turnover
+of 546 mln francs. Valeo recorded a consolidated net loss of
+388 mln francs in 1986 on a turnover of 12.1 billion francs.
+    REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21772" NEWID="17149">
+<DATE>24-APR-1987 13:53:22.43</DATE>
+<TOPICS><D>silver</D></TOPICS>
+<PLACES><D>mexico</D><D>peru</D></PLACES>
+<PEOPLE><D>del-mazo</D><D>mancera-aguayo</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1997&#31;reute
+b f BC-no-mexican-reaction-t   04-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO YET TO REPLY TO PERU'S SILVER INVITATION</TITLE>
+<DATELINE>    MEXICO CITY, April 24 - </DATELINE><BODY>Mexico's minister of energy and
+mines, Alfredo del Mazo, has yet to reply to a Peruvian
+invitation for ministerial-level talks on bilateral cooperation
+in silver marketing, a ministry spokesman said.
+    Peruvian officials said they extended the invitation
+earlier this week and that it was possible the talks could be
+held within the next 15 days.
+    Meanwhile, a Banco de Mexico spokesman confirmed that
+Mexican central bank head Miguel Mancera Aguayo held private
+talks here yesterday with the president of the Peruvian central
+bank.
+    The spokesman said the talks were in line with mutual
+consultation agreements made during Peruvian President Alan
+Garcia's visit to Mexico in march.
+    Press reports citing diplomatic sources at the meeting said
+the two central bank heads discussed means of coordinating
+actions in the silver market.
+    Mexico is the world's leading silver produer. It produced
+about 73.9 mln troy ounces in 1986, according to preliminary
+government figures.
+    Peru, the second biggest producer of the precious metal,
+earlier this week froze new silver sales in an effort to
+stabilize silver prices. It produced 57 mln troy ounces in
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21773" NEWID="17150">
+<DATE>24-APR-1987 13:55:30.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2002&#31;reute
+d f BC-WURLITZER-&lt;WUR>-ELECT   04-24 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WURLITZER &lt;WUR> ELECTS NEW TOP OFFICERS</TITLE>
+<DATELINE>    DEKALB, ILL., April 24 - </DATELINE><BODY>Wurlitzer Co said George Howell
+was elected vice chairman, succeeding Sid Weiss who was named
+chief executive officer.
+    Weiss became vice chairman in December 1986. Weiss and
+Leonard Friedman, Wurlitzer chairman, led Wurlitzer Investments
+Ltd, a Texas partnership which purchased a controlling interest
+in Wurlitzer.
+    In other action, Frank Rubury was elected president and
+chief operating officer of Wurlitzer, effective April 27.
+Rubury was formerly president of Horsman Inc, a subsidiary of
+Drew Industries Inc &lt;DRWI.O>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21774" NEWID="17151">
+<DATE>24-APR-1987 13:58:51.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2007&#31;reute
+d f BC-GLENMEDE-TRUST-TO-SEL   04-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLENMEDE TRUST TO SELL PART OF SUN &lt;SUN> STOCK</TITLE>
+<DATELINE>    RADNOR, Pa., April 24 - </DATELINE><BODY>&lt;Glenmede Trust Co> and Sun Co said
+that Glenmede plans to sell a portion of its charitable
+holdings of Sun common stock, of which it holds 28 pct of the
+outstanding shares.
+    They said the sales, to be made in the market subject to
+prevailing market conditions, will not exceed 2.5 pct of Sun's
+107.7 mln outstanding common shares.
+    Glenmede, a trustee for various trusts and estates, said
+the sales are part of an ongoing plan to maintain its Sun
+holdings at levels roughly equal to those prior to the Sun
+stock buyback program that began in 1980.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21775" NEWID="17152">
+<DATE>24-APR-1987 14:02:59.88</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>algeria</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2020&#31;reute
+r f BC-ALGERIAN-MINISTER-RUL   04-24 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALGERIAN MINISTER RULES OUT DEBT RESCHEDULING</TITLE>
+<DATELINE>    GENEVA, April 24 - </DATELINE><BODY>Algeria's Finance Minister Abdelaziz
+Khelaf said no rescheduling of his country's foreign debt is
+envisaged.
+    Khelaf, who came to Geneva for a meeting organised by the
+World Economic Forum, told Reuters Algerian debt amounted to
+about one third of the country's Gross National Product of 55
+billion dlrs.
+    France and Algeria yesterday finalised two agreements
+giving Algeria a total 580 mln dlrs in credits to finance trade
+and projects.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21776" NEWID="17153">
+<DATE>24-APR-1987 14:10:37.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2041&#31;reute
+u f BC-VOLKSWAGEN-TO-IDLE-U.   04-24 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLKSWAGEN TO IDLE U.S. PLANT, 1,650 WORKERS</TITLE>
+<DATELINE>    NEW STANTON, Pa., April 24 - </DATELINE><BODY>Volkswagen of America said it
+will shut down its U.S. car assembly plant for two weeks and
+idle 1,650 workers.
+    The wholly owned subsidiary of Volkswagen A.G. said the
+facility will be closed for two weeks starting today to adjust
+inventories.
+    The 1,650 hourly workers will be laid off until May 11.
+    Volkswagen's sales of U.S.-made cars this year have dropped
+sharply below last year's figures, a spokeswoman said.
+    So far this year, sales are down nearly 40 pct compared to
+last year. The U.S. company has sold a total of 13,218
+U.S.-made cars so far this year, down from 21,943 during the
+same period last year.
+    In its most recent 10-day sales period, April 11-20, the
+company sold 30.7 pct fewer cars. It sold a total of 1,167 cars
+during the period against 1,683 in the same 1986 period.
+    The spokeswoman also said inventories of Volkswagen's cars
+are running as high as 335 day's supply as of April 20, well
+above the inventory level of 50 to 60 days supply considered
+acceptable by the U.S. car industry. The highest inventories
+are on the company's new "GT" model.
+    Stocks of Volkswagen's 16-valve "GTI" model are 164 days'
+supply. Inventory levels for other Volkswagen models are as
+follows--"Golf" gas-powered-87 days, "Golf" diesel-powered 20
+days, regular "GTI"-83 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21777" NEWID="17154">
+<DATE>24-APR-1987 14:12:13.79</DATE>
+<TOPICS><D>silver</D></TOPICS>
+<PLACES><D>peru</D><D>mexico</D></PLACES>
+<PEOPLE><D>mancera-aguayo</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2046&#31;reute
+u f BC-peru-says-it-held-tal   04-24 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU SAYS IT HELD TALKS WITH MEXICO ON SILVER</TITLE>
+<DATELINE>    LIMA, April 24 - </DATELINE><BODY>The heads of the central banks of Mexico
+and Peru have met in Mexico city to coordinate actions aimed at
+consolidating the upward trend in the price of silver, the
+official newspaper El Peruano said.
+    It said that Peruvian central bank president Leonel
+Figueroa met yesterday with the president of the bank of
+Mexico, Miguel Mancera Aguayo.
+   Peru, which froze new sales of refined silver and its
+government-marketed silver ore on tuesday, is the world's
+second biggest producer of the precious metal. Mexico is the
+largest producer.
+    Together, the two nations account for nearly 40 pct of the
+world's silver output, the official paper El Peruano said.
+    Peru adopted the move on tuesday in an bid to stablilise
+the price of silver bullion, which has climbed in a month from
+about 5.70 dlrs an ounce to over 9.00 dlrs an ounce today.
+    After the meeting of the Peruvian and Mexican central bank
+heads, it was understood that Mexico might diversify the use of
+silver, El Peruano said.
+    It said that Mexico and Peru did not want to speculate with
+the price of silver. Instead, they aimed to see that the price
+of the precious metal recuperated to adequate levels.
+    El peruano did not specify what these levels were.
+    El peruano quoted energy and mines minister Wilfredo Huayta
+as saying that Peru did not want to participate in speculative
+operations with silver.
+    He said the government's aim was to avoid a "brutal fall" in
+the price of silver.
+    Figueroa's office confirmed the Peruvian central bank
+president had travelled to mexico city. It was not certain if
+he had returned to Lima by midday today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21778" NEWID="17155">
+<DATE>24-APR-1987 14:15:16.65</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2051&#31;reute
+d f BC-SPAIN-APPROVES-AID-FU   04-24 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN APPROVES AID FUNDS FOR STEEL INDUSTRY</TITLE>
+<DATELINE>    MADRID, April 24 - </DATELINE><BODY>The Spanish cabinet agreed a 223.33
+billion peseta aid package for the steel industry to restore
+the sector to profitability by 1989, Industry Minister Luis
+Carlos Croissier said.
+    He told reporters at a news conference the money would be
+shared among four state and privately-owned mills, which now
+operate at a loss.
+    The funds will be used to help modernise the industry,
+increase productivity and cut production to 17.5 mln tonnes a
+year from a current capacity of 18.2 mln tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21779" NEWID="17156">
+<DATE>24-APR-1987 14:18:29.22</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2059&#31;reute
+u f BC-U.S.-M-1-MONEY-SUPPLY   04-24 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. M-1 MONEY SUPPLY SURGE EXPECTED NEXT WEEK</TITLE>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>The U.S. M-1 money supply number to be
+announced next Thursday is expected to show one of the largest
+one-week increases in history, analysts said.
+    The average forecast of economists polled by Reuters calls
+for a 17.7 billion dlr M-1 jump for the week ended April 20.
+Estimates of the increase range from five billion dlrs to 26.3
+billion dlrs.
+    "The M-1 surge will be very temporary. About two thirds of
+the increase is likely to be washed out in the following week,"
+said Kim Rupert, an economist at Money Market Services Inc.
+    Rupert said a huge increase in M-1 for the April 20 week is
+implied by very strong deposit survey data and by an
+unexpectedly sharp gain in required reserves in Federal Reserve
+data released Thursday.
+    Those numbers, covering the two-week bank statement period
+that ended on April 22, show a 2.5 billion dlr jump in basic
+required reserves. Economists said this largely reflected the
+parking in checking accounts of the proceeds from stock market
+sales and mutual fund redemptions to pay annual income taxes.
+Fed seasonal adjustments do not adequately compensate for these
+and other special factors.
+    Analysts noted that income tax refunds from the Treasury
+also appear to be coming earlier than usual.
+    They also are not adequately compensated for by the Fed's
+seasonal adjustment factors to the money supply.
+    The Federal Reserve is no longer targeting M-1 because the
+link between M-1 and economic growth has largely been severed
+by financial market innovation and deregulation.
+    As such, there is likely to be little financial market
+reaction to the huge M-1 increase that is expected to be
+announced next week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21780" NEWID="17157">
+<DATE>24-APR-1987 14:20:24.06</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>algeria</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2069&#31;reute
+r f BC-ALGERIAN-MINISTER-RUL   04-24 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALGERIAN MINISTER RULES OUT DEBT RESCHEDULING</TITLE>
+<DATELINE>    GENEVA, April 24 - </DATELINE><BODY>Algeria's Finance Minister Abdelaziz
+Khelaf said no rescheduling of his country's foreign debt is
+envisaged.
+    Khelaf, who came to Geneva for a meeting organised by the
+Word Economic Forum, told Reuters Algerian debt amounted to
+about one third of the country's Gross National Product of 55
+billion dlrs.
+    France and Algeria yesterday finalised two agreements
+giving Algeria a total 580 mln dlrs in credits to finance trade
+and projects.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21781" NEWID="17158">
+<DATE>24-APR-1987 14:22:34.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2073&#31;reute
+u f BC-BOEING-&lt;BA>-GETS-ORDE   04-24 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING &lt;BA> GETS ORDERS TOTALING 543 MLN DLRS</TITLE>
+<DATELINE>    SEATTLE, April 24 - </DATELINE><BODY>Boeing Co said it confirmed orders
+totaling 543 mln dlrs for 14 jet aircraft from four customers.
+    The company said Delta Air Lines &lt;DAL> has increased its
+orders for the 767-300 jetliner by six, bringing its total
+commitment for the longer-fuselage plane to 15, with a total
+value of more than 300 mln dlrs.
+   
+    Boeing said &lt;Lufthansa German Airlines> will take delivery
+of five more 737-300 jetliners worth about 130 mln dlrs,
+bringing its orders for the twinjets to 15.
+    &lt;Quantas> of Australia has ordered its first 767-300 with
+extended range capability for about 75 mln dlrs, Boeing said.
+    Boeing said &lt;Air France> has placed firm orders for two
+additional 737-200 twinjets valued at 38 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21782" NEWID="17159">
+<DATE>24-APR-1987 14:24:06.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2075&#31;reute
+u f BC-cominco   04-24 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO &lt;CLT> TO CLOSE B.C. FERTILIZER PLANT</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, April 24 - </DATELINE><BODY>Cominco Ltd said it
+will permanently close its fertilizer plant at Kimberley,
+British Columbia, in the latter half of May and 140 employees
+will lose their jobs.
+    It said the operation has been losing money for several
+years, and lost seven mln dlrs in 1986.
+    Cominco said the decision to close the plant was based on
+high production costs, anticipated continued losses and excess
+capacity for phosphate-based fertilizers. The plant produced
+98,500 metric tonnes of ammonium phosphate fertilizer and
+190,000 tonnes of sulphuric acid in 1986.
+                                          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21783" NEWID="17160">
+<DATE>24-APR-1987 14:30:44.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2086&#31;reute
+d f AM-WAGES   04-24 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA REVERSES POLICY, RESTORES MINIMUM WAGE</TITLE>
+<DATELINE>    LAGOS, April 24 - </DATELINE><BODY>Nigeria's military government retreated
+in the face of hostile public opinion and restored the minimum
+wage of 125 naira (about 32 dlrs) a month.
+    It revoked an order made only last December which exempted
+companies with fewer than 500 employees -- the vast majority --
+from paying the minimum wage.
+    Labour Minister Brigadier Ike Nwachukwu, announcing the
+decision in Lagos today, said it was made out of respect for
+public opinion and to maintain industrial harmony.
+    Nwachukwu said the thinking behind the exemption was in
+line with Nigeria's far-reaching structural adjustment program
+and the measure was intended to promote small-scale industry
+and agriculture.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21784" NEWID="17161">
+<DATE>24-APR-1987 14:36:36.73</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D><D>gas</D><D>fuel</D><D>cpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM
+&#22;&#22;&#1;f2109&#31;reute
+u f BC-/U.S.-ENERGY-COSTS-RO   04-24 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY COSTS ROSE IN MARCH BY 1.0 PCT</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>Consumer energy costs rose 1.0 pct
+in March following a moderate rise last month, the Labor
+Department said.
+    The March increase in the overall energy costs, including
+petroleum, coal and natural gas, followed a 3.0 pct rise in
+January and a 1.9 pct rise in February, it said.
+    However, energy prices were 5.6 pct below year-ago levels.
+    The department's Consumer Price Index showed that the cost
+of gasoline rose in March by 2.3 pct, after a 4.2 pct rise in
+February.
+    Gasoline prices were nonetheless 5.9 pct below their levels
+as of March 1986.
+    Also, the category including fuel oil, coal and bottled gas
+rose in March by 1.4 pct, putting it 9.0 pct under the year-ago
+figure.
+    The index also showed that natural gas and electricity were
+unchanged last month, but down 3.1 pct from the March 1986
+figure, the department said.
+    The index has been updated to reflect 1982-84 consumption
+patterns. Previously, the index was based on 1972-73 patterns.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21785" NEWID="17162">
+<DATE>24-APR-1987 14:37:55.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2113&#31;reute
+r f BC-INTERSTATE-(I)-CHIEF   04-24 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERSTATE (I) CHIEF DOUBTFUL ON BRAZIL DEBT</TITLE>
+<DATELINE>    LOS ANGELES, April 24 - </DATELINE><BODY>First Interstate Bank Corp Chairman
+Joseph Pinola said he was not optimistic about the prospects
+for a resolution of the Brazilian debt situation during the
+current year.
+    "I am not as optimistic personally on a resolution as some
+others are," Pinola told reporters after the company's annual
+meeting.
+    He said it did not seem likely that the Brazilian
+government has the will to take the steps necessary to resolve
+their domestic economic difficulties.
+   
+    In February, Brazil suspended interest payment on about 68
+bln dlrs of its commercial debt. Many U.S. banks have placed
+their Brazilian loans on non-accrual status as a result of this
+action, but they also expressed confidence that Brazil and U.S.
+lenders could resolve the situation before the end of the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21786" NEWID="17163">
+<DATE>24-APR-1987 14:44:10.61</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2125&#31;reute
+u f BC-FMC-&lt;FMC>-TO-SELL-STA   04-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FMC &lt;FMC> TO SELL STAKE IN GOLD PROPERTIES</TITLE>
+<DATELINE>    CHICAGO, April 24 - </DATELINE><BODY>FMC Corp said it will consider selling
+to the public a minority interest in a subsidiary that will
+hold the company's North American gold and precious metals
+properties and operations.
+    FMC said its board also authorized the transfer of the
+metals properties to the newly formed unit.
+    An unnamed investment advisor has been retained to help in
+evaluating alternatives on the properties, which consist of a
+wholly owned gold mine at Paradise Peak, Nev., a 30 pct
+interest in a gold mine at Jerritt Canyon, Nev., and a 28 pct
+interest in a gold mine near Austin, Nev.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21787" NEWID="17164">
+<DATE>24-APR-1987 15:00:00.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f2172&#31;reute
+r f BC-interstate-(I)-spent   04-24 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERSTATE (I) SPENT 3.5 MLN ON TAKEOVER BID</TITLE>
+<DATELINE>    LOS ANGELES, April 24 - </DATELINE><BODY>First Interstate Bank Corp spent
+about 3.5 mln dlrs on its attempted takeover of BankAmerica
+Corp, First Interstate Chairman Joseph Pinola said.
+    In response to a shareholder's question following the
+company's annual meeting, Pinola also said that figure could
+ultimately be lower depending on the outcome of negotiations
+with the firm's insurers.
+    Pinola explained that the company's insurance rates went up
+"substantially" after last year's attempt to acquire BankAmerica
+Corp.
+    In February, First Interstate withdrew its 3.20 bln dlr bid
+for BankAmerica and said it was no longer interested in the
+acquisition because of BankAmerica's divestitures.
+    During the takeover battle, BankAmerica sold its Italian
+banking operations and its profitable Charles Schwab and Co
+discount brokerage firm.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21788" NEWID="17165">
+<DATE>24-APR-1987 15:09:10.69</DATE>
+<TOPICS><D>f-cattle</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2217&#31;reute
+b f BC-pig-crop-cme-reaction   04-24 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATTLE ON FEED REPORT CALLED NEGATIVE</TITLE>
+<DATELINE>    CHICAGO, April 24 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders' immediate comments on the 13-state USDA quarterly
+cattle on feed report were negative.
+    Traders said that placements on feed and total on-feed
+numbers were at the high end of expectations and will likely
+weigh on futures tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21789" NEWID="17166">
+<DATE>24-APR-1987 15:14:39.20</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2241&#31;reute
+u f BC-WALL-STREET-STOCKS/PA   04-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET STOCKS/PAPER AND LUMBER PRODUCERS</TITLE>
+<AUTHOR>    By Gary Seidman, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>Stocks of paper and lumber producers
+tumbled as a rumor spread that the Japanese may impose tariffs
+on wood and paper products, analysts and industry officials
+said. But, they said, logic and their own research do not
+support the rumors.
+    "Apparently a rumor is floating around trading circles
+about the Japanese doing something about tariffs on wood and
+paper products," Lowell Moholt, director of investor relations
+at Weyerhaeuser Co said. "And we can only assume that this
+rumor is one of the factors hurting the stocks."
+    "I have talked to many people, some with government
+contacts, and most of them have been mystified by the rumor,"
+said Moholt.
+    Nevertheless, International Paper &lt;IP> fell 4-3/8 to
+95-1/2, Weyerhaeuser Co &lt;WY> two to 51-1/2, Potlatch Corp &lt;PCH>
+3-1/2 to 69, Great Northern Nekoosa &lt;GNN> 3-1/8 to 85-1/2,
+Temple Inland Inc &lt;TIN> 2-3/4 to 57-1/4, Boise Cascade 2-3/8 to
+74-3/8, Georgia Pacific Corp &lt;GP> 1-1/2 to 43-3/4, Champion
+International Corp &lt;CHA> 1-3/8 to 36-1/2 and Pope and Talbot
+Inc &lt;POP> 1/2 to 36.
+    "My sources told me there is no grain of truth to the
+Japanese imposing tariffs," Sherman Chao, analyst with Salomon
+Inc said. "The realities and the logic do not support these
+rumors," he said.
+    "The Japanese have a lot more to lose by imposing tariffs.
+They are running a trade surplus," he said, "and if they
+started a trade war it would hurt them more than the U.S."
+    Chao said that U.S. producers annually export about two
+billion dlrs of forest products to Japan. "Three quarters of
+that is in the form of wood products, meaning logs, wood chips
+and lumber, and the balance is paper products."
+    "They (the Japanese) don't have any domestic sources to
+make up for the restrictions," Chao said, "so it's not like
+they would put a tariff to protect their own industry."
+    "The rumors do no make economic sense, and I am skeptical,"
+analyst Mark Rogers of Prudential Bache Securities said, "but
+politics has been known to override economic concerns."
+     Speculation has surfaced on Wall Street recently that the
+Japanese would take action to retaliate against tariffs the
+Reagan Administration imposed last Friday on Japanese
+electronics products.
+    Rogers said the rumor fueled the profit taking that was
+already occuring in these stocks. "In a nervous market, people
+tend to take profits, and they tend to take profits that have
+been the biggest gainers lately."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21790" NEWID="17167">
+<DATE>24-APR-1987 15:16:07.27</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2245&#31;reute
+u f BC-USDA-ANNOUNCES-EXPORT   04-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ANNOUNCES EXPORT BONUS WHEAT TO ALGERIA</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>The U.S. Agriculture Department
+announced it accepted three bids from two exporters for export
+bonuses to cover sales of 54,000 tonnes of durum wheat to
+Algeria.
+    USDA said the bonuses awarded were 42.45 dlrs per tonne, to
+be paid in the form of commodities from CCC inventory.
+    The bonus awards were made to Cam USA Inc (36,000 tonnes)
+and Corprostate Inc (18,000 tonnes).
+    Shipment is scheduled for June 1-30, 1987.
+    An additional 64,000 tonnes of durum wheat are still
+available to Algeria under the export enhancement program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21791" NEWID="17168">
+<DATE>24-APR-1987 15:56:02.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2370&#31;reute
+r f BC-MOLECULAR-GENETICS-&lt;M   04-24 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOLECULAR GENETICS &lt;MOGN.O> IN MERGER TALKS</TITLE>
+<DATELINE>    MINNETONKA, Minn., April 24 - </DATELINE><BODY>Molecular Genetics Inc said
+it has held preliminary discussions with a privately-held
+company convening a possible acquisition.
+    "No agreement in principle has been reached, and serious
+negotiations on material terms have not begun," said Robert
+Auritt, acting co-chief executive officer and co-president.
+    Molecular said it would have no further comment on the
+matter until an agreement in principle is reached or
+discussions are terminated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21792" NEWID="17169">
+<DATE>24-APR-1987 16:00:35.93</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2378&#31;reute
+u f BC-TREASURY-BALANCES-AT   04-24 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED FELL ON APRIL 23</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve fell on April 23 to 6.211 billion dlrs from 9.431
+billion dlrs on the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts rose to 25.154
+billion dlrs from 24.953 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 31.366
+billion dlrs on April 23 compared with 34.385 billion dlrs on
+April 22.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21793" NEWID="17170">
+<DATE>24-APR-1987 16:02:11.01</DATE>
+<TOPICS><D>ipi</D><D>trade</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2387&#31;reute
+u f AM-SOVIET-ECONOMY   04-24 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIETS SAY 1987 ECONOMIC RESULTS UNSATISFACTORY</TITLE>
+<DATELINE>    MOSCOW, April 24 - </DATELINE><BODY>The Soviet government said economic
+results achieved in the first three months of the year were
+unsatisfactory, the official news agency Tass said.
+    Soviet industrial production from January to March grew by
+2.5 per cent compared with the same period last year, but fell
+short of its target by 0.8 percent, official statistics showed.
+    "The Council of Ministers (government) emphasised that the
+results did not meet the Communist Party's exacting demands for
+the radical reconstruction of the economy," Tass said. "The first
+quarter economic results were deemed unsatisfactory."
+    The government said poor economic results last January,
+when industrial production was 0.1 lower than in January 1986,
+had been overcome to a considerable extent in March, but the
+negative effects had not been completely eliminated.
+     It singled out failings in the engineering, chemical and
+timber industries, as well as light industry.
+    Growth in the machine-building sector, a priority in
+Kremlin plans for economic renewal, also fell short of target
+by 4.2 per cent, with below-level output in nearly all branches
+at a cost of 723 million roubles (1.08 billion dollars) in
+undelivered products.
+    The sales volume of consumer goods fell 2.7 per cent short
+of planned growth, with a resulting decline in income to the
+state, the figures showed.
+    Foreign trade turnover totalled 27.5 billion roubles (41.25
+billion dollars), or 4.8 billion roubles (7.2 billion dollars)
+less than in the same period last year.
+    The power industry, however, performed well. Output of oil,
+electricity, gas and coal were all above plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21794" NEWID="17171">
+<DATE>24-APR-1987 16:17:09.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2430&#31;reute
+r f BC-CARMEL-&lt;KML>-HOLDER-S   04-24 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARMEL &lt;KML> HOLDER SELLS SHARES</TITLE>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>Carmel Container Systems Ltd said
+Mikhal Industrial and Development Management Ltd sold 202,500
+shares to a group of private investors.
+    After the sale, Mikhal retains a 49 pct ownership of Carmel
+Plaro Holding Ltd, which owns 51 pct of Carmel Container
+SYstems' outstanding stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21795" NEWID="17172">
+<DATE>24-APR-1987 16:18:20.46</DATE>
+<TOPICS><D>gnp</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2432&#31;reute
+r f BC-BARCLAYS-SAYS-PROSPEC   04-24 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARCLAYS SAYS PROSPECTS BRIGHT FOR UK ECONOMY</TITLE>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>Britain can look forward to fairly
+strong economic growth, falling interest rates and firm
+Sterling, Barclays Bank Plc chairman-elect John Quinton said.
+    "We should see a reasonable decline in interest rates in
+the next few months, but not a great one and not a rapid one,"
+Quinton told a press luncheon.
+    He said that whereas the British economy is growing at
+about three pct, he expects only "minor" growth for the western
+industrialized world as a whole. But, unless there is a major
+move toward protectionism, there should be no need to worry
+about a recession in the next two or three years.
+    Quinton said much will depend on the resolution of trade
+disputed between the United States and Japan.
+    He said Tokyo, in resisting the appreciation of the yen,
+had been "holding back the laws of economics." But if the
+dollar has to fall further to reduce Japan's trade surplus, he
+said he hoped the fall would be slow rather than rapid.
+    Quinton said it will be difficult for the City of London to
+stave off the creation of a powerful securities industry
+regulatory body along the lines of the Securities and Exchange
+Commission in the U.S., especially if there are more insider
+trading scandals and if the Labour Party wins the next U.K.
+election.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21796" NEWID="17173">
+<DATE>24-APR-1987 16:22:19.48</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2446&#31;reute
+d f BC-U.S.-GASOLINE-SURPLUS   04-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GASOLINE SURPLUS SEEN OVER NEAR TERM</TITLE>
+<AUTHOR>    By SUZANNA SANBORN, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>Unless U.S. refiners reduce the amount
+of gasoline they now produce, the oil industry will enter the
+coming summer driving season with the largest surplus of motor
+fuel since 1984, oil analysts and traders said.
+    "They key question is how much gasoline refiners produce in
+the coming weeks," said Larry Goldstein of Petroleum Industry
+Research Inc. "If refiners cut output and demand turns upward,
+gasoline stocks could begin to draw, and the surplus could
+potentially turn around in four to eight weeks," said
+Goldstein.
+    The American Petroleum Institute said U.S. gasoline stocks
+for the week ended April 17 are 37.6 mln barrels above last
+year's levels, and analysts said they don't believe the
+expected one to two pct rise in demand will take care of the
+surplus before the start of the summer driving season, which
+begins Memorial Day weekend.
+    The API said the last time stocks were this high was in
+1984, when there was a 27 mln barrel excess. Oil traders said
+that the surplus held throughout the summer of 1984, depressing
+prices for the motor fuel.
+    Over the past several weeks, analysts said they expected
+refiners to reduce production because there was no profit in
+continued production of gasoline due to the surplus. However,
+refineries continued to operate at higher levels, they said.
+    U.S. refineries have been running at about 78.8 pct of
+capacity during March and April this year, compared to 77.5 at
+this time last year, API statistics show.
+    Because of the current excess in stocks, one planner for a
+major oil company said he believed that most companies are
+contemplating cutting refinery throughput over the near term.
+    He said some refiners appear to be selling less
+aggressively in order to have product on hand to meet the
+expected rise in demand this summer.
+    Goldstein said that other factors, such as higher speed
+limits, the gasoline lead phasedown, and possible new
+restrictions on gasoline vapor pressure could tighten the
+supply situation this summer.
+    However, a planner at another major oil company said that
+although large inventories are dampening the price outlook for
+gasoline this season, he does not expect refiners to cut output
+soon.
+    That oil company planner said high crude oil runs reduce
+the refiner's average costs, making the incremental barrel of
+gasoline cheaper to produce.
+    Most analysts expect a slight upturn this summer over the
+summer of 1986. Bo Poates, an analyst at the Energy Futures
+Group Inc said he foresees demand up about one pct in the
+second and third quarters of 1987.
+    Chase Econometrics' Scott Jones sees gasoline demand rising
+1.9 to 2.2 pct for the year, due mainly to continued low
+prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21797" NEWID="17174">
+<DATE>24-APR-1987 16:27:06.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2462&#31;reute
+r f BC-BECOR-WESTERN-&lt;BCW>-S   04-24 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BECOR WESTERN &lt;BCW> SETS SPECIAL MEETING DATE</TITLE>
+<DATELINE>    MILWAUKEE, April 24 - </DATELINE><BODY>Becor Western Inc said it set June 4
+as the date for a special meeting at which stockholders will
+vote on two proposals involving the sale of its subsidiary and
+the acquisition of the company.
+    The previously-announced proposals call for the sale of its
+aerospace operations subsidiary to &lt;Lucas Industries Inc> and
+the related leveraged buyout of the company by &lt;BCW Acquisition
+Co>, the company said.
+    Becord said May 4 has been set as the record date for the
+special meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21798" NEWID="17175">
+<DATE>24-APR-1987 16:28:06.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2468&#31;reute
+d f BC-ATCOR-INC-&lt;ATCO.O>-TO   04-24 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATCOR INC &lt;ATCO.O> TO CONTEST ANTITRUST RULING</TITLE>
+<DATELINE>    HARVEY, Ill., April 24 - </DATELINE><BODY>Atcor Inc said a Federal Court has
+reinstated a 1986 jury verdict against it and in favor of
+Indian Head Inc for antitrust damages of 3.8 mln dlrs before
+trebling and attorneys' fees.
+    The company said it will challenge the ruling by the United
+States Court of Appeals for the Second Circuit which reversed a
+decision of the District Court in its favor.
+    The case involved charges that Atcor acted improperly in
+opposing Indian Head's attempt to have its plastic electrical
+conduit sanctioned by the National Fire Protection Association
+under the 1981 National Electrical Code, it said.
+    Atcor said the ruling by the three-judge panel of the Court
+of Appeal was incorrect and "seriously questionable in light of
+established Supreme Court doctrine".
+    The legal avenues to be examined in an attempt to have the
+ruling reversed could include filing a petition for Supreme
+Court review, the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21799" NEWID="17176">
+<DATE>24-APR-1987 16:58:05.41</DATE>
+<TOPICS><D>livestock</D><D>f-cattle</D><D>pork-belly</D><D>l-cattle</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2546&#31;reute
+u f BC-USDA-REPORTS-SEEN-NEG   04-24 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA REPORTS SEEN NEGATIVE TO LIVESTOCK FUTURES</TITLE>
+<AUTHOR>    By Jerry Bieszk, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, April 24 - </DATELINE><BODY>Commission house livestock analysts
+agreed with Chicago Mercantile Exchange floor traders in
+calling today's USDA 13-state quarterly cattle on feed report
+and cold storage report for pork bellies negative.
+    June live cattle futures are called 0.20 to 0.50 cent lower
+on Monday and back months of cattle are expected 0.50 to 1.00
+cent lower. Pork bellies are expected 0.50 to 1.00 cent or more
+lower, the analysts said.
+    Disappointment was voiced over the placement and total on
+feed figures in the cattle report. Both the quarterly section
+and monthly 7-state part showed the amount placed on feed and
+on feed numbers at the high end of expectations.
+    The other disappearance figure of only three pct above a
+year ago in the 7-state section was also vieved as negative.
+Most of the early guesses predicted a much larger number for
+death loss following the two winter snow storms that struck the
+west in late March, they said.
+    However, weight groupings were friendly to the nearby
+futures and should prompt some bull spreading on the decline,
+they said.
+    William Arndt from Dean Witter noted that the 900 to 1,100
+lb steers and 700 to 900 lb heifers were at 94 pct of a year
+ago and should lend some support to June futures. However, 700
+to 900 lb steers at 119 pct will weigh on August, he said.
+    "The big reduction in cattle weighing over 900 lbs should
+be friendly to the market for at least the next 30 to 60 days,"
+AGE Clearing analyst Jerry Abbenhaus said.
+    Movement of bellies into frozen storage was at the high end
+of expectations and should weigh on futures tomorrow,
+especially as futures prices ended weak today, they said.
+    Other parts of the cold storage report were also viewed as
+negative to livestock and meat futures.
+    "We have a lot of poultry in storage. Even though we have
+smaller pork supplies, the decline is not enough to offset the
+increases in poultry," Shearson Lehman analyst Chuck Levitt
+said. Also, there is more beef in storage than last year and
+this was achieved on smaller production.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21800" NEWID="17177">
+<DATE>24-APR-1987 16:59:14.29</DATE>
+<TOPICS><D>silver</D></TOPICS>
+<PLACES><D>peru</D><D>mexico</D></PLACES>
+<PEOPLE><D>garcia</D><D>de-la-madrid</D><D>del-mazo</D><D>mancera-aguayo</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2550&#31;reute
+u f BC-peru-to-maintain-silv   04-24 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU TO MAINTAIN SILVER SALES FREEZE</TITLE>
+<DATELINE>    LIMA, April 24 - </DATELINE><BODY>Energy and mines minister, Wilfredo
+Huayta, said Peru would maintain its freeze on new sales of
+silver until the price of the precious metal reaches "the true
+value this raw material should have."
+    He spoke to reporters at the presidential palace after
+meeting president Alan Garcia, whom he said recently spoke by
+telephone with Mexican president Miguel de la Madrid. Mexico
+and Peru are the world's two largest silver producers.
+    Huayta, asked what the true price level of silver should
+be, repled: "well, this cannot be predicted."
+    He said Minero Peru Comercial (Minpeco), the government's
+minerals marketing arm, would closely study the price of silver
+in the world market.
+    Last Tuesday, the government instructed Minpeco, which
+handles all Peru's exports of refined silver and state-
+produced ore, to immediately freeze all new silver sales until
+the metal's price reached equilibrium in the world market.
+   Peru plans to produce 63 mln ounces of silver this year, and
+is the largest producer of the precious metal after Mexico.
+   Huayta said both nations' central banks would coordinate
+their work, but did not elaborate how they would do this.
+   Peruvian central bank president Leonel Figueroa and the head
+of Bank of Mexico, Miguel Mancera Aguayo, met in Mexico City
+yesterday to coordinate actions aimed at consolidating the
+upward trend in the price of silver, the official newspaper El
+Peruano said today.
+    Huayta said his Mexican counterpart, minister of oil, mines
+and parastatal industry, Alfredo del Mazo, should be in Lima on
+a visit at a nearby date.
+   Huayta added Peru did not want to see great fluctuations in
+the price of silver, but declined to comment on what Peru would
+like to see as a ceiling for the precious metal's price.
+   Silver bullion climbed to nearly 10.00 dlrs an ounce today
+from about 5.70 dlrs an ounce a month ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21801" NEWID="17178">
+<DATE>24-APR-1987 17:05:54.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2575&#31;reute
+r f BC-ALLEGHENY   04-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GABELLI GROUP LIFTS ALLEGHENY INT'L &lt;AG> STAKE</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>An investor group led by New York
+money manager Mario Gabelli said it raised its stake in
+Allegheny International to the equivalent of 1,026,261 shares,
+or 9.4 pct of the total, from 884,061 shares, or 8.2 pct.
+    In a filing with the Securities and Exchange Commission,
+Gabelli and companies he controls said they bought a total of
+142,200 Allegheny common shares between March 30 and April 22
+at prices ranging from 24.125 to 24.875 dlrs a share.
+    The stake, which includes some 11.25 dlr cumulative
+preferred stock, was bought solely for investment purposes and
+not to seek control of the company, the group said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21802" NEWID="17179">
+<DATE>24-APR-1987 17:06:04.79</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>rice</D><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2576&#31;reute
+d f BC-USDA-SEEKING-COMMENTS   04-24 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA SEEKING COMMENTS ON 1988 FARM PROGRAMS</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>The U.S. Agriculture Department is
+seeking comments on common provisions of the 1988 wheat,
+feedgrains, cotton and rice programs.
+    It said many program provisions are common to all the
+commodity programs and decisions made in regard to one will
+likely apply to other program crops.
+    It asked for specific comments on the percentage reduction
+for acreage limitation requirements under the wheat program,
+the loan and purchase level, and whether a marketing loan, the
+inventory reduction program and related provisions
+should be implemented.
+    The percentage acreage reduction of between 20 and 30 pct
+must be announced no later than June 1, 1987 for wheat, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21803" NEWID="17180">
+<DATE>24-APR-1987 17:06:40.68</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A
+&#22;&#22;&#1;f2578&#31;reute
+u f BC-BRAZIL-TRADE-SURPLUS   04-24 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL TRADE SURPLUS FALLS SHARPLY IN MARCH</TITLE>
+<DATELINE>    RIO DE JANEIRO, APRIL 24 - </DATELINE><BODY>Brazil's trade surplus in March
+totalled 136 mln dlrs, down from 1.13 billion dlrs in the same
+month last year, the official Banco do Brasil announced.
+    In a news conference, the director of the bank's Foreign
+Trade Department (Cacex), Roberto Fendt, attributed March's 
+weak performance to labour strikes.
+    March exports totalled 1.43 billion dlrs, against 1.53
+billion dlrs in February, and 2.16 billion dlrs in March 1986.
+    March imports amounted to 1.29 billion dlrs compared to
+1.27 billion dlrs in February and 1.02 billion dlrs in March
+1986.
+    Fendt said coffee earnings were up to 220 mln dlrs in March
+from 110 mln dlrs in February, while oil derivatives were down
+to 54 mln dlrs from 58 mln dlrs in February.
+    He said that although the March results were considerably
+lower than the same month last year, the government's target of
+an eight billion dlr surplus for 1987 should be achieved. The
+January-March trade surplus totalled 526 mln dlrs, below the
+same period last year, which reached 2.46 billion dlrs.
+    Asked to explain the reason for his optimism, Fendt said
+the trade surplus should reach one billion dlrs in each of the
+last six months of the year.
+    Even though results in the exports of steel, shoes and
+frozen concentrated orange juice were weaker compared to
+February, Fendt said this was not an indication that the United
+States was retaliating on account of its dispute with Brazil in
+the issue of informatics.
+    For the next three months, Fendt estimated a monthly trade
+surplus of 400 mln dlrs, for an overall surplus of 1.2 billion
+dlrs in the April-May-June period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21804" NEWID="17181">
+<DATE>24-APR-1987 17:10:11.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2587&#31;reute
+u f BC-ANALYST-UPGRADES-OPIN   04-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALYST UPGRADES OPINION ON U.S. BANK STOCKS</TITLE>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>Analyst George Salem of Donaldson,
+Lufkin and Jenrette Securities Corp upgraded his recommendation
+on most U.S. money center banks following comments from a
+Japanese official that Japan plans to provide developing
+nations with up to 30 billion dlrs in loans.
+    Salem said he changed his trading recommendation from
+negative to a buy. He is still neutral to negative long term.
+But the Japanese assistance is a psychological boost for the
+stocks. He said his report focused on Citicorp &lt;CCI> , J.P.
+Morgan and Co &lt;JPM>, Chase Manhattan Corp &lt;CMB> and Bankers
+Trust Co &lt;BT>.
+    Yesterday, a U.S. state department spokesman said the loans
+will help the countries import goods needed to increase
+domestic production. The countries could then boost exports and
+earn foreign exchange, making it easier to repay loans to U.S.
+banks.
+    "This is a group of stocks that was starving for good
+news," Salem said. "I"m not declaring an end to the debt
+crisis, or that problems of all the countries are now under
+control."
+    Stocks in the money center bank group were generally higher
+today, adding to yesterday's gains.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21805" NEWID="17182">
+<DATE>24-APR-1987 17:15:26.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2592&#31;reute
+r f BC-ENTWISTLE   04-24 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTWISTLE &lt;ENTW.O> HAS 5.1 PCT OF ESPEY &lt;ESP></TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>Entwistle Co told the Securities and
+Exchange Commission it has acquired 62,500 shares of Espey
+Manufacturing and Electronics Corp, or 5.1 pct of the total
+outstanding common stock.
+    Entwistle, a Hudson, Mass., machinery maker and military
+contractor, said it bought the stake for investment purposes
+and has no plans to seek control of the company or to seek
+representation on its board of directors.
+    But Entwistle said it has indicated its interest to Espey
+management in acquiring a family-held 19 pct stake in the
+company in addition to its current stake.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21806" NEWID="17183">
+<DATE>24-APR-1987 17:39:02.68</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2655&#31;reute
+u f BC-/USDA-ADJUSTS-LOUISIA   04-24 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ADJUSTS LOUISIANA GULF PRICE DIFFERENTIALS</TITLE>
+<DATELINE>    WASHINGTON, April 24 - </DATELINE><BODY>The U.S. Agriculture Department has
+narrowed by three cents the price differential between the
+Louisiana Gulf price of corn and posted country prices pegged
+to the gulf price, USDA officials said.
+    The change, effective April 27, means posted county prices
+will be three cents higher in the region, Robert Sindt,
+assistant deputy administrator of USDA's Agricultural
+Stabilization and Conservation Service, said.
+    Trade sources said USDA adjusted the differentials because
+gulf prices had shown some weakness in recent days compared
+with the rest of the country.
+    Sindt said Louisiana Gulf corn price differentials that had
+been between four and eight cents would, effective Monday,
+range between one and five cents.
+    Trade sources said cash bids at the Louisiana Gulf have
+been between three and 4.5 cents weaker than in the rest of the
+country in recent days, and that USDA's move would strengthen
+the front end of the corn market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21807" NEWID="17184">
+<DATE>24-APR-1987 17:50:19.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2672&#31;reute
+d f BC-ALEXANDERS-SERVED-WIT   04-24 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALEXANDER'S &lt;ALX> SERVED WITH COMPLAINTS</TITLE>
+<DATELINE>    NEW YORK, April 24 - </DATELINE><BODY>Alexander's Inc said that although no
+proposal has been received, the company has been served with
+several shareholder complaints challenging the 47-dlr-a-share
+acquisition price under consideration by Donald Trump and
+Interstate Properties.
+    Alexander's chairman Robin Farks said that an announcement
+made earlier this month indicated that no assurance could be
+given that Trump and Interstate would reach any agreement
+regarding an acquisition of the company, or what price might be
+offered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21808" NEWID="17185">
+<DATE>24-APR-1987 18:01:23.05</DATE>
+<TOPICS><D>gnp</D><D>cpi</D><D>jobs</D></TOPICS>
+<PLACES><D>sweden</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2693&#31;reute
+r f BC-OECD-WARNS-SWEDEN-ON   04-24 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD WARNS SWEDEN ON LABOUR COSTS</TITLE>
+<DATELINE>    PARIS, April 25 - </DATELINE><BODY>High labour costs and slower corporate
+investment could hinder Sweden's economic growth after 1987,
+the Organisation for Economic Cooperation and Development,
+OECD, said.
+    The Swedish economy grew at a slower rate in 1986 than in
+previous years. GDP rose about 1.7 pct in 1986 compared with
+2.2 pct in 1985. But this growth depended largely on external
+factors, particularly lower oil prices, the OECD secretariat
+said in its latest annual report on Sweden.
+    It warned that labour costs had risen more rapidly in
+Sweden than in other OECD countries.
+    Because of high labour costs Swedish industry, which
+largely relies upon export markets, was losing market share.
+Wages in the manufacturing sector grew by seven pct in 1986, in
+line with 1985 increases, while public sector wages rose an
+estimated 9.2 pct in 1986, up from six pct in 1985.
+    This was significantly higher than average wage increases
+of 3.75 pct for the seven largest members of the OECD in 1986.
+    The report said wage moderation was central to maintaining
+economic growth in Sweden. It suggested that wage negotiations
+should be at least partly centralised to control the total
+wages bill and hold down inflation and unemployment levels.
+    Helped by low oil prices and the government's tight fiscal
+policy, inflation fell to just over three pct in 1986 from
+almost six pct in 1985 but remained higher than in most other
+OECD countries, the report said.
+    Unemployment, a principal policy target, was at 2.7 pct in
+1986, in line with 1985's 2.8 pct and well below the OECD
+average of 8.6 pct. The report said Sweden's employment
+policies accounted for the high levels of wage inflation.
+    It also said that economic growth in 1986 relied
+increasingly on private consumption because corporate
+investment in machinery and equipment had shrunk.
+    The total volume of industrial investments dropped by two
+pct in 1986, with sharp declines in spending by the wood, pulp
+and paper industries. This compared to a 19 pct rise in 1985
+when there was heavy investment in these industries.
+    The OECD said Sweden should now make an effort to boost
+corporate investments and reduce its dependence on domestic
+consumption for economic growth. It suggested there was room
+for reform in the tax system.
+    Sweden should continue to cut public sector spending,
+especially in local government, to keep in line with its
+tighter fiscal policy, the report said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21809" NEWID="17186">
+<DATE>24-APR-1987 18:42:49.05</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2750&#31;reute
+r f BC-BRAZIL-TRADE-SURPLUS   04-24 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL TRADE SURPLUS FALLS SHARPLY IN MARCH</TITLE>
+<DATELINE>    RIO DE JANEIRO, APRIL 24 - </DATELINE><BODY>Brazil's trade surplus in March
+totalled only 136 mln dlrs compared to 1.13 billion dlrs in the
+same month last year, director of the Banco do Brasil's Foreign
+Trade Department (Cacex) Roberto Fendt said.
+    In a news conference, Fendt attributed the weak performance
+in the March trade balance to labour strikes in the country.
+March exports totalled 1.43 billion dlrs, against 1.53 billion
+dlrs in February, and 2.16 billion dlrs in March 1986.
+    March imports amounted to 1.29 billion dlrs compared to
+1.27 billion dlrs in February and 1.02 billion dlrs in March
+1986.
+    Fendt said that coffee earnings rose to 220 mln dlrs in
+March from 110 mln dlrs in February while oil derivatives were
+down to 54 mln dlrs from 58 mln dlrs in February.
+    He said that although the March results were considerably
+lower than the same month last year, the government's target of
+an eight billion dlr surplus for 1987 should be achieved. The
+January-March trade surplus totalled 526 mln dlrs, well below a
+similar period last year, which reached 2.46 billion dlrs.
+    Asked to explain the reason for his optimism, Fendt said
+they were estimating that in each of the last six months of the
+year the trade surplus would amount one billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21810" NEWID="17187">
+<DATE>24-APR-1987 18:57:55.76</DATE>
+<TOPICS><D>silver</D></TOPICS>
+<PLACES><D>peru</D><D>mexico</D></PLACES>
+<PEOPLE><D>garcia</D><D>de-la-madrid</D><D>mancera-aguayo</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2760&#31;reute
+u f AM-peru-silver   04-24 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU PRESIDENT WARNS OF RETALIATION ON SILVER</TITLE>
+<AUTHOR>    By Walker Simon, Reuters</AUTHOR>
+<DATELINE>    LIMA, April 24 - </DATELINE><BODY>The Peruvian government's freeze on silver
+sales, which has contributed to a sharp boost in the metal's
+price, could draw retaliation by rich nations and big traders
+seeking lower prices, President Alan Garcia said.
+    Peru, the world's second biggest silver producer, stopped
+selling its refined silver and state-marketed ore on tuesday.
+Since then, the metal's price has risen to its highest level in
+nearly three years. It closed today at over nine dlrs an ounce
+on world markets.
+    Garcia said the move showed that a small nation like Peru
+could move international markets and did not have to accept
+cheap prices for silver, traditionally one of the top revenue
+earners of the country.
+    Peru exported its refined silver last year at an average
+price of 5.40 dlrs a troy ounce. As recently as one month ago,
+silver bullion was trading for about 5.70 dlrs an ounce on
+world markets.
+    "One thing is that Peru, which produces silver, sells it
+silently and in a submissive manner at the price world markets
+want," he told reporters at the presidential palace.
+    "The other is that a nationalist government says, 'wait a
+moment I can't sell silver at these prices,'" he added.
+    The peruvian energy and mines minister, Wilfredo Huayta,
+said the government would maintain its freeze on new sales of
+silver until the price of the metal reaches "the true value this
+raw material should have." He did not specify this level.
+    Garcia said rich nations and big traders, faced with Peru's
+stance, could try to defend themselves.
+    "They have some stocks, they have silver deposits, they can
+make fictitious sales and that way try to make the price of our
+mineral fall in the world market," Garcia said.
+    "Whatever manoeuvre they take will be answered by Peru," he
+said. "Peru is in a position of action."
+    President Garcia had recently spoken by telephone with
+Mexican President Miguel de la Madrid, Huayta said. Mexico is
+the world's biggest producer of silver.
+    Mexico and Peru together produce nearly nearly 40 pct of
+the world's silver, the official newspaper El Peruano said.
+    The newspaper added that Peruvian central bank president
+Leonel Figueroa and the head of the central bank of Mexico,
+Miguel Mancera Aguayo, met in Mexico City yesterday to
+coordinate actions aimed at consolidating the upward trend of
+the price of the metal.
+    Analysts in Zurich, a major silver trading centre, said
+today the rally in silver prices was also fuelled by investors
+buying the metal to protect themselves against inflation, which
+they fear could be rekindled by the dollar's weakness.
+    On an historical basis, silver is still relatively cheap
+compared to gold, which some investors believe could set the
+stage for further rises, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21811" NEWID="17188">
+<DATE>24-APR-1987 19:03:13.49</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2767&#31;reute
+d f AM-SOVIET-ECONOMY   04-24 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET GOVT SAYS ECONOMIC RESULTS UNSATISFACTORY</TITLE>
+<DATELINE>    MOSCOW, April 24 - </DATELINE><BODY>The Soviet government said economic
+results achieved in the first three months of the year were
+unsatisfactory, the official news agency Tass said.
+    Soviet industrial production from January to March grew by
+2.5 pct compared with the same period last year, but fell short
+of its target by 0.8 pct, official statistics showed.
+    "The Council of Ministers (government) emphasised that the
+results did not meet the Communist Party's exacting demands for
+the radical reconstruction of the economy," Tass said. "The first
+quarter economic results were deemed unsatisfactory."
+     It singled out failings in the engineering, chemical and
+timber industriess, as well as light industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21812" NEWID="17189">
+<DATE>24-APR-1987 19:04:56.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2768&#31;reute
+u f BC-AM-INT'L-&lt;AM>-SAYS-3R   04-24 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AM INT'L &lt;AM> SAYS 3RD QTR MAY NOT TOP BREAKEVEN</TITLE>
+<DATELINE>    CHICAGO, April 24 - </DATELINE><BODY>AM International Inc said its third
+quarter net income may not exceed the breakeven level.
+    However, the company said its fourth quarter operating
+profits are expected to be the largest of this year, and added
+its operating profits for the full year should be more than
+twice the fiscal 1986 year.
+    AM International earned 8.5 mln dlrs, or 17 cts a share in
+the third period last year. Its operating profit for the fourth
+quarter last year was 6.7 mln dlrs. For the full year last year
+AM International had an operating profit of 29.1 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21813" NEWID="17190">
+<DATE>24-APR-1987 19:57:55.16</DATE>
+<TOPICS><D>gnp</D><D>crude</D><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM
+&#22;&#22;&#1;f2782&#31;reute
+u f PM-ecuador   04-24 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR ECONOMY SEEN CONTRACTING IN 1987</TITLE>
+<DATELINE>    QUITO, April 24 - </DATELINE><BODY>The Ecuadorean economy, struck by an
+earthquake last month, will contract an estimated four pct in
+1987 and its crude oil output will drop by 42 pct, the
+government's national development council (Conade) said.
+    A Conade report, dated April 21 and obtained, said that the
+country's gross domestic product (gdp) would fall by an
+estimated four pct compared to 1.5 pct growth last year. Conade
+functions as the country's main planning institution.
+    Crude output will fall to 61.2 mln barrels in 1987 from
+105.6 mln in 1986, Conade said. It forecast exports of 22.9 mln
+of crude and derivatives against 63.3 mln last year.
+    The March five earthquake killed up to 1,000 people and
+caused an estimated one billion dlrs in damage. It paralyzed
+Ecuador's crude output because it ruptured the country's main
+pipeline from Lago Agrio, at the heart of jungle oilfields, to
+the Pacific Ocean port of Balao.
+    It will take until at least end-July to repair the line and
+return output to normal levels, oil officials said. Ecuador
+output was about 250,000 barrels per day before the tremor.
+    Conade forecast total 1987 exports of 1.77 billion dlrs,
+572 mln dlrs of which would be oil and derivatives.
+    Imports were forecast at 1.70 billion dlrs. Total 1986
+exports were 2.18 billion dlrs, of which 979 mln dlrs were
+crude and derivatives, with total imports 1.66 billion dlrs.
+    Conade predicted that payments on Ecuador's 8.16 billion
+dlrs foreign debt will be limited to 947 mln dlrs this year
+against 1.489 billion dlrs last year. Conade's projected
+ceiling on payments is not legally binding.
+    The current account balance of payments deficit was seen at
+934 mln dlrs in 1987. It was 696 mln dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21814" NEWID="17191">
+<DATE>24-APR-1987 23:25:29.64</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2806&#31;reute
+u f BC-HONG-KONG-BANKS-LEAVE   04-24 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG BANKS LEAVE INTEREST RATES UNCHANGED</TITLE>
+<DATELINE>    HONG KONG, April 25 - </DATELINE><BODY>The Hong Kong Association of Banks
+said it decided to leave interest rates unchanged at today's
+regular weekly meeting.
+    Current rates are savings accounts and 24-hours two pct,
+seven-day call, one and two-weeks 2-1/4 pct, one and two months
+2-3/4 pct, three and six months 3-1/4 pct, nine months 3-1/2
+pct and 12 months four pct.
+    Prime rate is 6-1/2 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17273" NEWID="17192">
+<DATE>31-MAR-1987 605:12:19.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0391&#31;reute
+u f BC-KUMAGAI-GUMI'S-UNIT-S   03-31 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUMAGAI GUMI'S UNIT SEEKS LISTING IN HONG KONG</TITLE>
+<DATELINE>    HONG KONG, March 31 - </DATELINE><BODY>A subsidiary of the Japanese
+construction group Kumagai Gumi Co Ltd &lt;KUMT.TOK> is seeking to
+float its shares on the Hong Kong Stock Exchange, merchant
+banking sources said.
+    They said &lt;Kumagai Gumi (Hong Kong) Ltd> has appointed
+&lt;Canadian Eastern Finance Ltd>, &lt;Sun Hung Kai International
+Ltd> and &lt;Wardley Ltd> as arrangers for the flotation. But they
+declined disclosure of any further details.
+    A spokesman of Cheung Kong (Holdings) Ltd &lt;CKGH.HKG> told
+Reuters the group's chairman Li Ka-shing also will take a 10-15
+pct stake in Kumagai Gumi (Hong Kong).
+    He said the privately held &lt;Li Ka-shing Foundations Ltd>
+will receive a certain number of shares in Kumagai Gumi (Hong
+Kong) for injection into the company and up to 50 pct interest
+in a 520 mln H.K. Dlr worth property project at Hong Kong's New
+Territories.
+    But he added the Cheung Kong group will have no interest in
+the construction firm.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21815" NEWID="17193">
+<DATE>26-APR-1987 00:13:33.63</DATE>
+<TOPICS><D>money-supply</D><D>cpi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0001&#31;reute
+u f BC-BUNDESBANK-AIMS-FOR-T   04-26 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK AIMS FOR TIGHT MONEY POLICY - SCHLESINGER</TITLE>
+<DATELINE>    FRANKFURT, April 26 - </DATELINE><BODY>The Bundesbank is trying to keep
+monetary policy tight in order to counter inflationary
+tendencies, Bundesbank Vice-President Helmut Schlesinger was
+quoted as saying.
+    "We are trying to keep the monetary framework tight, so that
+inflationary pressures cannot develop," he told the Frankfurter
+Neue Presse daily in an interview.
+    "Central bank money stock does not have to be reduced
+because of this, but it must continue to grow modestly," he
+said.
+    Bundesbank spokesmen were not available for comment.
+    On Thursday Schlesinger said in a contribution to the
+Handelsblatt daily that the accommodative monetary stance in
+West Germany caused by outside pressures could not determine
+policy in the long term.
+    The improvement in West German terms of trade, providing
+room for non-inflationary expansion of domestic demand in
+excess of output growth, put the overshoot of central bank
+money stock in a more positive light, he said on Thursday.
+    Central bank money stock, the Bundesbank's main monetary
+measure, was growing at an annual rate of 7.3 pct in March,
+above the 1987 three-six pct target range.
+    Money stock overshot the 3.5-5.5 pct 1986 growth target.
+    Schlesinger told the Frankfurter Neue Presse that the phase
+of falling prices was over in West Germany.
+    Prices might still be lower on a comparison with their
+level one year earlier. But the cost of living index has risen
+to 120.7 in March from its November 1986 low of 120.0,
+expressing a slight rise in prices, Schlesinger said.
+    In March the cost of living was steady against February but
+0.2 pct below March 1986.
+    Schlesinger said a rise of between one and 1.5 pct during
+1987 would be acceptable, and effectively mean price stability.
+    Agreements so far in the current West German wage round are
+neutral as far as inflation is concerned because of the
+strength of the mark, Schlesinger said.
+    Wage agreements in the public service and engineering
+industry were relatively high in view of the stable cost of
+living. But the higher costs would be compensated for, he said.
+    "I am thinking above all of the fact that in the course of
+this year we will in all probability have a stronger mark
+against other currencies than last year," he said, adding
+"Without this mark revaluation effect, we would have had to say
+that the wage rise agreements were not neutral for prices."
+    Schlesinger said exchange rate movements had increased the
+scope for redistributing wealth this year, but this development
+was unlikely to continue in 1988.
+    "For this reason I cannot comment on that part of the
+engineering agreement which covers the coming years," he said.
+    Some 2.3 mln workers for the public services received a 3.4
+pct pay rise from January 1. An agreement for four mln
+engineering workers raised pay by 3.7 pct from April 1, and
+then raises pay by another two pct from April 1, 1988 and by
+2.5 pct from April 1, 1989. The engineering agreement also cuts
+the working week by 1-1/2 hours to 37 hours in two stages.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21816" NEWID="17194">
+<DATE>26-APR-1987 00:24:03.40</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0006&#31;reute
+u f BC-NAKASONE-ADVISED-TO-E   04-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE ADVISED TO EXPAND PURCHASES ABROAD</TITLE>
+<DATELINE>    TOKYO, April 26 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone was
+advised to work out a plan for his government to buy more than
+one billion dlrs worth of foreign industrial products as part
+of efforts to defuse Japan's trade frictions with the United
+States, officials said.
+    Former Foreign Minister Shintaro Abe made the
+recommendation at a meeting with Nakasone soon after returning
+from a U.S. Visit designed to pave the way for the prime
+minister's visit to Washington starting next Wednesday.
+    Abe met President Ronald Reagan and U.S. Congressional
+leaders during his visit.
+    It was not known how Nakasone responded to the suggestion.
+    It also included increasing the nation's untied loans to
+developing countries to between 25 billion and 30 billion dlrs
+over the next three years and giving foreign firms greater
+access to a six billion dlr international airport project in
+western Japan, officials said.
+    Abe called for tax cuts and government funds to be funneled
+into public works projects to stimulate domestic demand. Abe
+spoke of the possibility that Nakasone's visit could coincide
+with the passage of a protectionist trade bill by the U.S.
+House of Representatives.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21817" NEWID="17195">
+<DATE>26-APR-1987 01:21:08.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>de-clercq</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0020&#31;reute
+u f BC-EC-SAYS-JAPAN-CAR-EXP   04-26 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SAYS JAPAN CAR EXPORT RESTRAINT NOT ENOUGH</TITLE>
+<DATELINE>    KASHIKOJIMA, JAPAN, April 26 - </DATELINE><BODY>Japan"s 1987 car export
+restraint to the European Community (EC) is not enough, EC
+external trade chief Willy de Clercq said.
+    There are also strong signs Japanese exporters are
+diverting cars to the EC after the dollar"s fall against the yen
+made their U.S. Market unprofitable, he told reporters after
+meeting U.S., Japanese, and Canadian trade ministers.
+    The EC has agreed that if it detects an abnormal diversion
+in Japanese exports from the U.S. To the EC market due to
+currency movements over the past two years, it will move to
+prevent it, he said.
+    Over the period, the yen has risen against the dollar
+almost eight times as fast as against the European Currency
+Unit, he said.
+    Japan has set an unofficial, voluntary 10 pct rise in car
+exports to the EC this year as part of its efforts to stop its
+rising trade surplus with the Community, which hit a record 18
+billion dlrs last year.
+    But Japanese car exports to the EC so far this year jumped
+over 30 pct compared to a drop of 17 pct in U.S. Sales, and a
+seven per cent fall globally. "We think there is some diversion
+there," said de Clercq.
+    Japanese officials say the overall annual rise will be only
+10 pct.
+    "But even 10 pct is 100,000 cars, whereas we sell only
+40,000 cars to Japan (per year) in total," he said.
+    The EC is also demanding that Japan ease its strict checks
+and requirements for imported cars, which Brussels says is a
+non-tariff barrier.
+    The EC is also worried because EC demand for cars is
+falling this year, making any rise in Japanese imports even
+more serious for EC auto manufacturers.
+    De Clercq, who has taken a hard line on world trade
+problems at this weekend meeting in central Japan, said the EC
+appreciated Japan"s plans to cut exports and lift domestic
+growth instead.
+    "But even if all these measures are implemented, it will
+take time. But there is not time," he said.
+    "There are burning issues on the table which cannot wait. It
+were better that the fire were put out immediately and not to
+wait till the house burns down," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21818" NEWID="17196">
+<DATE>26-APR-1987 01:32:34.09</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gcc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0024&#31;reute
+u f BC-UAE-TO-COORDINATE-EXC   04-26 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE TO COORDINATE EXCHANGE RATES WITH GCC</TITLE>
+<DATELINE>    ABU DHABI, April 26 - </DATELINE><BODY>United Arab Emirates (UAE) Central
+Bank Governor Abdel Malik al-Hamar said any changes in the UAE"s
+exchange rate policy would be carried out in conjunction with
+other Gulf Cooperation Council (GCC) countries.
+    In a speech opening a seminar on Arab exchange rate
+policies, he noted the UAE had not changed the value of the
+dirham against the U.S. Dollar since 1980 despite wide
+fluctuations in the latter"s value against other currencies.
+    "The exchange rate policy of the dirham has realised its
+goals in the past and changes in this policy depend on
+coordination and cooperation with other GCC countries," he said.
+    The GCC states -- the UAE, Saudi Arabia, Bahrain, Qatar,
+Oman and Kuwait -- have agreed in principle to link their
+currencies to a common grid.
+    Their currencies are now linked either to the dollar, IMF
+special drawing right (SDR) or, in the case of Kuwait, a
+trade-weighted basket of international currencies.
+    The UAE dirham can fluctuate within a band of 7.25 pct
+higher or lower than 4.7619 to the SDR but has been fixed at
+3.671 to the dollar since November 1980.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21819" NEWID="17197">
+<DATE>26-APR-1987 01:41:57.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0026&#31;reute
+u f BC-WORLD-BANK-AGREES-2.4   04-26 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK AGREES 2.4 BILLION DLR PAKISTAN AID</TITLE>
+<DATELINE>    PARIS, April 26 - </DATELINE><BODY>The World Bank, citing Pakistan"s progress
+in its economic performance and fiscal policy reforms, said it
+had agreed a 2.4 billion dlr aid programme for 1988.
+    The bank said in a statement "substantial increases" had been
+approved to help fund support for refugees from neighbouring
+Afghanistan.
+    But the bank said it had expressed serious concern at
+Pakistan"s budget. "This year"s overall budget deficit is expected
+to be larger than either either last year"s outcome or the
+amount originally budgeted (for 1987)," it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21820" NEWID="17198">
+<DATE>26-APR-1987 01:54:30.41</DATE>
+<TOPICS><D>trade</D><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>japan</D><D>canada</D><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0027&#31;reute
+u f BC-TOP-NATIONS-AGREE-OVE   04-26 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOP NATIONS AGREE OVER FARM TRADE ISSUE</TITLE>
+<DATELINE>    KASHIKOJIMA, JAPAN, April 26 - </DATELINE><BODY>Ministers from the major
+trading nations have for the first time made a concerted
+commitment to review the whole distorted structure of world
+farm trade, Canadian Trade Minister Patricia Carney said.
+    "We think we can get some movement on this," she told
+reporters at a briefing following informal talks with the U.S.,
+Japanese and European Community (EC) trade ministers here.
+    Canada, strongly supported by Australia, has championed the
+cause of both developed and developing nations which have seen
+their farm trade suffer largely due to a farm subsidy war
+between the United States and the EC.
+    Japan"s protected agricultural markets have also attracted
+criticism.
+    The issue is of extreme importance to many indebted,
+developing nations which often rely totally on one or two farm
+sector exports to sustain their economies but which cannot
+compete with the subsidised U.S. And EC products.
+    "Canada can afford so many billions of dollars (to do so),
+but many countries cannot," said Carney.
+    She said the EC had changed its previous unhelpful attitude
+and had raised proposals similar to those of Canada under which
+to discuss the issue.
+    Talks will now continue at the Organisation of Economic
+Cooperation and Development (OECD), which meets next month, and
+at the series of discussions on a new world trading framework,
+begun at Punta del Este, Uruguay, last year.
+    Carney said Japan had also agreed to take a positive role
+in the farm talks, and that the United States was willing to
+see short-term progress, as long as long-term solutions were
+not affected.
+    Canada"s five point programme demands that farm product
+prices must reflect open world market prices, that any support
+for farmers incomes should not be linked to production
+incentives, that there should be no new farm subsidies, no new
+farm import barriers, and that any decisions should be
+implemented collectively.
+    The farm trade problem was almost completely ignored by the
+industrialised world until Canada raised it last year at the
+Tokyo summit of seven leading industrial powers.
+    The distortions created by subsidies and protectionism have
+created some absurd situations.
+    For example, to protect its farmers the Japanese government
+buys Canadian wheat and sells it at 10 times the purchase price
+to Japanese consumers.
+    "So we end up borrowing in the Japanese (financial) market
+to help pay subsidies to keep our farmers while they make a
+profit on our wheat to help pay the price support for their
+farmers," said Carney.
+    The problem causes pain for many nations and increases the
+already dangerously high debts that they owe mainly to U.S.,
+Japanese and EC banks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21821" NEWID="17199">
+<DATE>26-APR-1987 02:25:43.49</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>qatar</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0032&#31;reute
+u f BC-QATAR"S-BANKS-SET-FOR   04-26 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QATAR"S BANKS SET FOR FURTHER LEAN SPELL</TITLE>
+<AUTHOR>    By Stephen Jukes, Reuters</AUTHOR>
+<DATELINE>    DOHA, April 26 - </DATELINE><BODY>Bank profits in the Gulf oil state of
+Qatar are coming under renewed pressure and foreign banks are
+retrenching further in one of the region"s most overbanked
+markets.
+    Results for 1986 show a year of declining profit for
+several foreign banks, although locally-owned operations were
+in some cases able to cushion the drop by increasing market
+share.
+    &lt;Qatar National Bank SAQ>"s (QNB) General Manager, Abdulla
+Khalid al-Attiya, said: "The economy is not improving as we
+hoped... 1987 will be another difficult year for the banks."
+    Oil-dependent Qatar, with a tiny indigenous population of
+60,000 to 80,000 and an expatriate workforce estimated at about
+280,000, boasts five local banks and 10 foreign bank
+operations.
+    Local and foreign bankers in the capital said the Gulf-wide
+recession, aggravated this year by Qatar"s severe difficulty
+marketing its crude oil at official OPEC prices, has taken a
+heavy toll on the economy and bank profitability.
+    As a result, the only U.S. Bank, &lt;Citibank NA>, is thought
+to be negotiating to sell its operation to the fast growing
+locally based &lt;Al Ahli Bank of Qatar QSC> which only started
+operations in 1984, bankers said. Citibank would not comment.
+    Other foreign banks have retrenched, with &lt;Standard
+Chartered Bank> cutting staff and others expected to follow.
+&lt;Banque Paribas> is examining a change in its status to admit
+51 pct Qatari ownership in a bid to improve its access to local
+business, bankers said.
+    One banker added: "Weak profits are here to stay for the
+time being. There is no cause for optimism at the moment."
+    Sentiment had picked up briefly at the end of last year
+when OPEC reached its accord to curb oil output and return to
+fixed prices. However, it soon became apparent that Qatar was
+having difficulty selling oil at OPEC prices.
+    The soft spot oil market has left official Qatari crude
+prices 20 to 40 cents more expensive and sales have been
+running in recent weeks at 100,000 and 120,000 barrels per day,
+well down on the nation"s OPEC quota of 285,000, oil sources
+said.
+    Bankers said this serious shortfall in Qatar"s revenue has
+led to a new spate of payments delays from the public sector to
+private contractors after a marginal improvement in January.
+    Loan loss provisions continued to eat into bank profits
+last year, as did the introduction of minimum reserve
+requirements by the Qatar Monetary Agency. Trade financing has
+almost dried up as a traditional source of bank income.
+    Of the local banks, QNB conducts the bulk of the
+government"s business and subsequently enjoys a huge advantage
+its rivals cannot expect to match, bankers said.
+    The bank reported a 2.9 pct rise in net 1986 profit to 93.1
+mln Qatari riyals, while its balance sheet grew by 10.8 pct to
+9.0 billion, making it by far the largest bank in Qatar.
+    But the strong assets growth partly reflected bridging
+loans for the public and private sector to tide government
+departments and local business over the lean economic spell,
+Attiya said. "Generally speaking, we are overbanked in Qatar," he
+said, echoing a widespread feeling in the banking community.
+    Other local banks fared less strongly. The second largest,
+&lt;Doha Bank Ltd QSC>, reported a 13 pct drop in net profit to
+27.5 mln riyals, while &lt;Commercial Bank of Qatar Ltd QSC>,
+registered a decline to 18.5 mln riyals from 19.4 mln in 1985.
+    The newcomer Al Ahli Bank, continued to expand rapidly and
+reported net profit of 5.2 mln compared with 3.3 mln during the
+start-up period from August 4, 1984 to end-1985.
+    Bankers said the local banks had clearly begun to win
+commercial deposits previously held by foreign banks,
+increasing already strong pressure on non-Qatari banks to
+reexamine their staffing levels and overheads.
+    &lt;Grindlays Bank PLC> recorded a net loss at its Doha branch
+last year of 4.7 mln riyals after registering a nominal profit
+in 1985 of 12,000 riyals.
+    Two other long-established banks in the Gulf, the &lt;British
+Bank of the Middle East> (BBME) and Standard Chartered, also
+found last year a difficult climate to make strong profits.
+    BBME"s net profit fell to 3.2 mln riyals from 10.4 mln in
+1985, but Assistant Manager John Farquharson said 1985"s result
+had been artificially inflated by tax rebates on provisions.
+    "Foreign banks are seeing their assets decline, while local
+banks are increasing their market share," Farquharson said.
+    BBME"s operating profit was steady in 1986, edging up to
+12.3 mln riyals from 11.5 mln in 1985. "We are expecting the
+same level of operating profit in 1987," Farquharson said.
+    Standard Chartered"s net profit last year recovered slightly
+to 1.6 mln riyals after a loss of 161,000 in 1985. Staff
+numbers were cut last year to reduce overheads.
+    Bankers said the lack of new construction projects in Qatar
+means business is unlikely to pick up this year although hopes
+are rising that the start of Qatari gas exploitation could
+provide a boost. But the threat of higher U.S. Interest rates
+may erode bank deposits as savings are moved offshore.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21822" NEWID="17200">
+<DATE>26-APR-1987 04:21:41.57</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>interest</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>corrigan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0041&#31;reute
+u f BC-U.S.-CENTRAL-BANKER-O   04-26 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CENTRAL BANKER OPPOSES FURTHER DOLLAR FALL</TITLE>
+<DATELINE>    OSAKA, JAPAN, April 26 - </DATELINE><BODY>New York Federal Reserve Bank
+President Gerald Corrigan opposed a further fall in the value
+of the dollar but refused to say whether U.S. Interest rates
+would be raised to protect the currency.
+    "A further decline in the dollar or appreciation of the yen
+at this juncture I would regard as counterproductive," he told a
+news conference.
+    His comments echoed those made last week by U.S. Treasury
+Secretary James Baker, who also warned against a further dollar
+fall. The U.S. Currency plunged to a post-war low below 140 yen
+last week, despite dollar-buying by a number of central banks.
+    Currency speculators and investors are convinced that a
+further dollar fall is needed to help reduce the huge U.S.
+Trade deficit, dealers said. The only thing likely to help the
+dollar is seen as a rise in U.S. Interest rates.
+    Corrigan refused to say whether the U.S. Was ready to risk
+damaging its economic recovery by raising interest rates.
+    The dollar"s sharp drop this month has also raised questions
+about the usefulness of recent meetings of the Group of Seven.
+But Corrigan said: "They have played a constructive role in so
+far as the broad objective of facilitating a higher degree of
+economic policy coordination."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21823" NEWID="17201">
+<DATE>26-APR-1987 04:35:07.82</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0043&#31;reute
+u f BC-REAGAN-WARNS-CONGRESS   04-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN WARNS CONGRESS ON PROTECTIONISM</TITLE>
+<DATELINE>    WASHINGTON, April 26 - </DATELINE><BODY>President Reagan warned the U.S.
+Congress in his weekly radio address against passing what he
+called dangerous, protectionist trade legislation that would
+tie his hands in trade negotiations with Japan and other
+countries.
+    Reagan, who will hold talks with Japanese Prime Minister
+Yasuhiro Nakasone here this week, said he would lift tariffs
+imposed last week against some Japanese products as soon as
+Tokyo complied with a U.S.-Japanese pact on semiconductors.
+    U.S. Officials gave the same message to former Japanese
+Foreign Minister Shintaro Abe in meetings in Washington last
+week.
+    In his weekly radio address on Saturday, Reagan said he
+would tell Nakasone: "We want to continue to work cooperatively
+on trade problems and want very much to lift these trade
+restrictions as soon as evidence permits.
+    Reagan said the 100 pct tariffs he imposed on some 300 mln
+dlrs worth of Japanese goods was a special case of trade
+retaliation and did not signal a shift in what he called his
+staunch anti-protectionist policies.
+    "In imposing these tariffs we were just trying to deal with
+a particular problem, not begin a trade war," he said.
+    But Congress is ready to approve tough trade legislation to
+try to turn round the record U.S. Trade deficit, which has cost
+millions of U.S. Jobs and closed thousands of factories.
+    A vote on a trade bill sponsored by Congressman Richard
+Gephardt is expected to come during Nakasone"s visit. It would
+penalise nations with large trade surpluses and which are
+alleged to use unfair trade practices.
+    Reagan warned Congress that such action would undercut his
+ability to negotiate on trade issues with Nakasone and others.
+    "With my meeting with Prime Minister Nakasone and the Venice
+economic summit coming up, it"s terribly important not to
+restrict a president"s options in such trade dealings with
+foreign governments," he said.
+    "Unfortunately, some in the Congress are trying to do
+exactly that," he said.
+    Reagan said he would keep the American people "informed on
+this dangerous legislation because it"s just another form of
+protectionism and I may need your help to stop it."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21824" NEWID="17202">
+<DATE>26-APR-1987 04:56:51.37</DATE>
+<TOPICS><D>trade</D><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>canada</D></PLACES>
+<PEOPLE><D>tamura</D><D>de-clercq</D><D>yeutter</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0047&#31;reute
+u f BC-TRADE-MINISTERS-SAY-G   04-26 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE MINISTERS SAY GOVERNMENTS NEED CREDIBILITY</TITLE>
+<AUTHOR>    By Eric Hall, Reuters</AUTHOR>
+<DATELINE>    KASHIKOJIMA, Japan, April 26 - </DATELINE><BODY>Four trade ministers ended a
+weekend meeting with a frank confession that their governments
+are losing credibility in world financial markets and will not
+regain it until they back their promises over trade and
+currencies with action.
+    "Until today we have anounced policies, but when it came to
+action required it was done in a way that satisfied nobody,"
+Japanese Trade Minister Hajime Tamura told a news conference.
+    "From now on, if a government comes up with a certain
+policy, it must be followed by action," he said following two
+days of informal talks with the trade ministers of the United
+States, the European Community and Canada in central Japan.
+    Last week, the dollar fell to a new record low below 140
+yen, despite statements from the Group of Seven (G-7) leading
+industrial powers that currencies should be stabilised to
+underpin world trade.
+    "We need credibility to gain confidence. When we have
+confidence, then we can have an impact," said Tamura.
+    His colleagues agreed that when major trade nations fought
+over trade issues while calling for each other to honour free
+trade rules in general, it was not a sight which inspired
+confidence in the markets.
+    "The time has come now to act in step with the talk. If you
+belong to a club, you have to act in concord with the rules, if
+you want to be credible," said EC external trade chief Willy de
+Clercq. Canadian Trade Minister Patricia Carney also agreed: "We
+are meeting in a time of great trade tension. What the world
+needs to see is that we have the political will to deal with
+these problems we face."
+    She said that next month"s meeting of the Organisation of
+Economic Cooperation and Development and the meeting of leaders
+of the G-7 nations in Venice in the summer would be a forum to
+show this will existed.
+    U.S. Trade Representative Clayton Yeutter reminded the news
+conference that the results of such high level meetings could
+lead to action which would only have an effect on smoothing out
+world trade imbalances perhaps years later.
+    "The media typically has a tendency to evaluate meetings
+like this in terms of tangible results. That is not the way it
+should be pursued," he said.
+    "What is achieved in an intangible way almost always exceeds
+what is achieved in a tangible way," he said.
+    Progress in personal contacts and understanding each others"
+positions and policies was just as important toward reducing
+trade tensions, he said.
+    Tamura read out an agreed summary of the joint talks:
+    Currency stability was now essential, but currency
+movements alone would not correct a U.S. Trade deficit with
+Japan which hit 58 billion dlrs last year, an 18 billion dlr EC
+deficit with Japan in 1986, and a Japanese global trade surplus
+of almost 90 billion, he said.
+    Trade retaliation, protectionism, and forcible export
+restraints which lead to a shrinkage in world trade flows were
+most dangerous, he said.
+    The imbalances can only be solved by coordinated policies
+over a whole range of fiscal, monetary, trade and industrial
+measures, and in line with a body of internationally agreed
+rules, he said.
+    In this regard, the policing role of the Geneva-based
+General Agreement on Tariffs and Trade world trade body must be
+strengthened, he said.
+    The ministers reconfirmed their individual promises to
+solve the problem. The United States will try to reduce its
+large budget deficit and restore competitiveness within its
+industries.
+    Japan will introduce early and effective measures to expand
+its domestic growth and rely less on exports.
+    The EC must continue efforts for balanced growth and
+reduced unemployment. All felt satisfied at the new progress in
+the Canadian economy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21825" NEWID="17203">
+<DATE>26-APR-1987 05:35:00.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0056&#31;reute
+u f BC-EC-FARM-MINISTERS-TO   04-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FARM MINISTERS TO RESUME PRICE TALKS</TITLE>
+<DATELINE>    BRUSSELS, April 26 - </DATELINE><BODY>European Community (EC) agriculture
+ministers resume discussions in Luxembourg tomorrow on tough
+1987/88 farm price proposals from the bloc"s executive
+Commission with only thin hopes of reaching a quick agreement.
+    Their current chairman, Belgium"s Paul de Keersmaeker,
+promised at the end of the group"s last meeting that if
+agreement appeared in sight this week, he would keep his
+colleagues at the negotiating table for long days and nights.
+    But one diplomat told journalists: "I don"t think you need to
+worry about that. We are a long way from the crunch yet."
+    The commission has tabled a series of proposals which farm
+experts say would together amount to the most swingeing attack
+on overspending on the bloc"s Common Agricultural Policy, and
+the biggest blow to farmers" incomes, in years.
+    As well as cuts in common farm prices of 2.5 pct in the key
+cereals sector, quality standards for farm goods sold into EC
+surplus stores would be raised and the period of the year when
+such sales were allowed restricted.
+    The experts say prices received by farmers would be cut by
+over 10 pct for many crops if such measures were agreed.
+    The effects, however, would be mitigated by Commission
+proposals unveiled on April 14 for generous cash grants to
+farmers worst hit by the struggle to curb EC food surpluses.
+    When ministers met on March 30 and 31 in Brussels for
+initial discussions on the farm price package, several, notably
+France"s Francois Guillaume and West Germany"s Ignaz Kiechle,
+said the proposals were unacceptably tough.
+    Only the Dutch and British delegations gave general support
+to the Commission line that such drastic measures were
+necessary to curb surplus food production in the EC and to
+reduce the massive cost of the CAP.
+    But even then, the British are among several delegations
+which oppose the Commission"s controversial plan to raise two
+billion European Currency Units through a tax on imported and
+EC-produced oilseeds and fats.
+    In order to seek common ground, de Keersmaeker plans to
+spend the whole of tomorrow in bilateral meetings with each of
+his colleagues in turn.
+    Diplomats said although the ministers will meet together on
+Tuesday, de Keersmaeker is likely to conclude that further
+talks at the level of officials are necessary and that the hard
+bargaining will have to wait until May.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21826" NEWID="17204">
+<DATE>26-APR-1987 05:36:58.42</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>bahrain</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0057&#31;reute
+u f BC-SAUDI-RIYAL-DEPOSITS   04-26 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI RIYAL DEPOSITS STEADY IN DULL MARKET</TITLE>
+<DATELINE>    BAHRAIN, April 26 - </DATELINE><BODY>Saudi riyal interbank deposits were
+mainly steady at yesterday"s higher levels in a market which saw
+little activity due to the European weekend, dealers said.
+    They said banks in the kingdom offered two and three month
+deposits 1/16 of a percentage point lower, but there were few
+takers.
+    Rates for short-dated and other fixed period funds were
+little changed following their sharp rise on Saturday brought
+on by higher eurodollar deposit rates.
+    Spot-next and one-week deposits were relatively unchanged
+at 6-3/4, 1/2 pct.
+    One-month deposits were steady at 6-3/4, 1/2 pct while
+three-month funds eased to 6-7/8, 5/8 pct from 6-15/16, 11/16.
+    Six-month deposits also declined marginally to 7-5/16,
+7-1/8 pct from quotes of 7-3/8, 1/8 at the close of trade on
+Saturday.
+    The spot riyal was steady at 3.7499/7504 to the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21827" NEWID="17205">
+<DATE>26-APR-1987 06:24:19.96</DATE>
+<TOPICS><D>trade</D><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>uk</D><D>canada</D><D>france</D><D>italy</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0062&#31;reute
+u f BC-G-7-OFFICIALS-TO-DECI   04-26 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 OFFICIALS TO DECIDE ON SUMMIT AGENDA</TITLE>
+<DATELINE>    OSAKA, Japan, April 26 - </DATELINE><BODY>Senior officials from the Group of
+Seven (G-7) countries will meet next week to decide an agenda
+for the body"s June summit scheduled to be held in Venice,
+Japanese officials said.
+    The meeting will provide senior government officials with
+their first chance to discuss the recent sharp drop of the
+dollar, although the main focus of the gathering is longer
+term, they said.
+    Deputy Finance Ministers, including Japanese Vice-Finance
+Minister Toyoo Gyohten, will attend. The meeting will be held
+in Italy, they said, but gave no other details.
+    The leaders of the G-7, the United States, Britain, Canada,
+France, Italy, Japan and West Germany, are expected to discuss
+ways of improving economic policy coordination in Venice.
+    The hope is that increased coordination will help reduce
+the huge imbalances in world trade and calm volatile currency
+markets. But economists say the strategy has so far not worked.
+    Japanese officials admitted there is little more they can
+do on their own to stem the dollar decline, which last week saw
+the currency plunge to a post-war low below 140 yen.
+    The officials said they expected sentiment against the
+dollar to change soon, once the U.S. Trade deficit starts to
+fall and the Japanese surplus begins to shrink.
+    "We have already seen some signs of improvement (in the
+trade picture), but the market does not appreciate it yet," one
+said.
+    Last week"s passage of the Japanese government budget by
+parliament"s Lower House also paves the way for Tokyo to take
+additional action to stimulate its sagging economy and boost
+imports, the officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21828" NEWID="17206">
+<DATE>26-APR-1987 06:44:58.79</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>luxembourg</D><D>uk</D><D>france</D><D>west-germany</D></PLACES>
+<PEOPLE><D>delors</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0065&#31;reute
+u f BC-EC-MINISTERS-LIKELY-T   04-26 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS LIKELY TO CRITICISE FINANCE IDEAS</TITLE>
+<DATELINE>    LUXEMBOURG, April 26 - </DATELINE><BODY>Plans for a new-style European
+Community (EC) free of damaging budget wrangles receive their
+first full review from EC foreign ministers today, but are
+unlikely to gather much support.
+    Diplomats said key EC capitals would voice strong criticism
+of proposals that would lead to a sharp increase in EC budget
+payments by bringing member states" contributions more into line
+with national wealth.
+    They said the EC"s current paymasters, Britain, France, and
+West Germany, would lead the opposition to the plans, designed
+to enable the community meet the challenges of the 1990s.
+    Faced with a budget deficit this year of at least five
+billion dlrs, EC Commission President Jacques Delors called in
+February for a radical overhaul of the EC financing system.
+    Such action was necessary, he argued, to end a damaging
+cycle of annual budget crises and ensure cash for technological
+research programs and regional and social spending projects.
+    Ironically, diplomats said, the move could spark exactly
+the type of row it was intended to avoid with industrially
+developed northern states demanding assurances the new cash
+would not be swallowed up by the poorer southern members.
+    Delors" plans, by linking a country"s contributions to its
+Gross National Product (GNP), would over the next five years
+add some 18 billion dlrs to the present budget of 34 billion.
+    Currently, contributions are calculated on a percentage of
+Value Added Tax (VAT) returns.
+    Under the new scheme, all countries would pay one pct of
+their VAT receipts to Brussels. Extra cash would then be raised
+in line with needs by a levy on the difference between a
+country"s total VAT receipts and its GNP.
+    London is one of the most resolutely opposed countries to
+the scheme, arguing instead that money should be made available
+from deep cutbacks in the EC"s heavily-subsidised farm sector.
+    Unofficially many EC capitals secretly support the
+wearisome budget wrangling, taking the line that the highly
+diverse 12-nation Community can only take tough decisions when
+forced to do so.
+    The issue is further complicated by a possible general
+election in Britain and acceptance that the EC problems cannot
+seriously be addressed by London until those polls are out of
+the way.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21829" NEWID="17207">
+<DATE>26-APR-1987 07:50:48.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>china</D><D>taiwan</D><D>ussr</D><D>usa</D><D>vietnam</D><D>south-korea</D><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0069&#31;reute
+u f BC-ADB-DELEGATES-GATHER   04-26 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADB DELEGATES GATHER IN JAPAN AMID CONTROVERSY</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    OSAKA, Japan, April 26 - </DATELINE><BODY>Delegates from 46 countries are
+gathering for the 20th meeting of the Asian Development Bank
+(ADB) amid concern over the bank"s role in aiding regional
+development.
+    The three-day meeting, the first to be held in Japan since
+the bank"s inaugural meeting in Tokyo in 1966, will open
+tomorrow with political controversy dogging its heels.
+    Taiwan, one of the ADB"s founders, will boycott the meeting
+for the second year in succession in protest against China"s
+admission last year.
+    Taiwan, which borrowed only 100 mln dlrs or 0.51 pct of the
+ADB"s total lending of 19.4 billion dlrs over the past 20 years,
+is staying away because its name was changed by the bank to
+"Taipei, China."
+    But the boycott is likely to be overshadowed by the
+presence of communist giants China and the Soviet Union.
+    Moscow is attending an ADB meeting for the first time in
+what is widely seen as a first step to eventual full
+membership.
+    China is expected to obtain its first loans from the bank
+in 1987.
+    A senior ADB official said Peking, now the bank"s third
+largest shareholder after the United States and Japan, would
+also take one of the 12 seats on the bank"s board of governors.
+    The official, who declined to be identified, expected
+sparks to fly when governors met in formal session on Tuesday.
+    He said calls for expanded bank lending were expected from
+poorer countries in the Asia-Pacific region, hit by plunging
+commodity prices, tariff barriers in export markets, a growing
+resources crunch and balance of payments crises.
+    But the U.S. Delegation was likely to repeat warnings ADB
+lending should stress quality over quantity, the official said.
+    The debate over ADB lending is fuelled by the bank"s highly
+successful money management.
+    With liquid reserves of about four billion dlrs, profits
+have been rising steadily and touched 287 mln dlrs last year.
+    The key indicator of the ADB"s reduced role in regional
+development is its net transfer of resources -- loan
+disbursements less repayments made by borrowers -- which fell
+sharply to 237 mln dlrs in 1986 from 421 mln in 1985.
+    In 1986, the bank approved loans totalling two billion
+dlrs, but only to 19 of its 29 developing members.
+    ADB chief economist Kedar Nath Kohli told Reuters the bank"s
+ordinary lending had declined each year since 1984.
+    "I"m afraid if you exclude India and China, it"s going to go
+down even further in 1987," Kohli said.
+    Kohli said developing countries in the region were entering
+a period of painful adjustments.
+    He said one country that seemed to be on the right track
+was South Korea, which had bucked the regional trend of rising
+indebtedness by cutting its foreign debt by about two billion
+dlrs last year.
+    One country that has complained about the ADB's lending
+policies is Vietnam, which charged at last year's meeting that
+the bank had cut off its aid on political grounds.
+    The bank abruptly halted loans to Hanoi after the fall of
+the Saigon government in 1975. Despite Moscow's presence,
+however, the bank is not expected to change its Vietnam policy.
+    The Philippines, the ABD's second-largest borrower in 1986
+with loans totalling 316 mln dlrs, is happy with the bank's
+role.
+    Finance Minister Jaime Ongpin told Reuters he expected the
+figure would reach roughly the same level this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21830" NEWID="17208">
+<DATE>26-APR-1987 20:39:56.64</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0108&#31;reute
+b f BC-BANK-OF-JAPAN-INTERVE   04-26 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES IN TOKYO BUYING DOLLARS</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>The Bank of Japan intervened buying
+dollars shortly after the opening of 137.70 yen, dealers said.
+    Strong selling from life insurance companies and investment
+trusts pressured the dollar downward, but the U.S. Unit
+steadied on profit-taking buying by petroleum companies and
+intervention by the central bank.
+    The dollar's upward potential looks limited as forward
+dollar selling by exporters for commercial purposes is expected
+above 137.80, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21831" NEWID="17209">
+<DATE>26-APR-1987 22:02:13.59</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0133&#31;reute
+b f BC-SUMITA-SAYS-FURTHER-Y   04-26 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITA SAYS FURTHER YEN RISE UNLIKELY - JIJI PRESS</TITLE>
+<DATELINE>    OSAKA, April 27 - </DATELINE><BODY>Japan's Jiji Press quoted Bank of Japan
+Governor Satoshi Sumita as telling Japanese reporters the
+central bank will continue determined market intervention to
+prevent a further rise in the value of the yen.
+    Sumita, who is attending an annual meeting of the Asian
+Development Bank, also said he does not think the yen will
+continue to rise, Jiji reported. He said the Bank of Japan is
+keeping close contact with other major industrial nations on
+concerted market intervention, Jiji said. He said coordinated
+intervention is the only way to stop the dollar from dropping
+too fast, Jiji said. The dollar fell below 138 yen today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21832" NEWID="17210">
+<DATE>26-APR-1987 22:41:44.69</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0158&#31;reute
+b f BC-BUNDESBANK-INTERVENES   04-26 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK INTERVENES IN TOKYO VIA BANK OF JAPAN</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>The Bundesbank intervened in the Tokyo
+foreign exchange market to buy a small amount of dollars
+against marks through the Bank of Japan, dealers said.
+    The West German central bank bought dollars when the dollar
+was at about 1.7770-80 marks. Dealers' estimates of the
+intervention amount varied from 100 mln to one billion dlrs.
+    Some dealers said the Bank of Japan appeared to have
+undertaken small-lot mark-selling intervention on its own
+account.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21833" NEWID="17211">
+<DATE>26-APR-1987 22:49:27.79</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0164&#31;reute
+b f BC-MIYAZAWA-SAYS-POLICY   04-26 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS POLICY COORDINATION KEY TO CURRENCY</TITLE>
+<DATELINE>    OSAKA, April 27 - </DATELINE><BODY>Japanese Finance Minister Kiichi Miyazawa
+told a press conference the basic solution to currency
+instability among major nations is economic policy
+coordination.
+    He said that is a time-consuming process as coordination
+does not always proceed in a way policy makers envisage. "That
+is democracy," he said. Upon that foundation, Miyazawa said,
+there must be coordinated intervention. Major nations have
+sufficient funds to continue concerted intervention, he added.
+    "Without doubt this set-up of coordinated intervention will
+continue to operate," Miyazawa said.
+    Miyazawa said Prime Minister Yasuhiro Nakasone and U.S.
+President Ronald Reagan are likely to reaffirm the Louvre and
+Washington Group of Seven (G-7) agreements on currency
+stability when they meet later this week.
+    Asked whether the dollar is declining against all major
+currencies, not only the yen, Miyazawa declined to make any
+comments.
+    He reiterated that many major nations have undertaken
+coordinated intervention in recent weeks to prop up the dollar,
+including countries who are not members of the G-7.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21834" NEWID="17212">
+<DATE>26-APR-1987 22:57:22.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0173&#31;reute
+b f BC-CSR-PLANS-TAKEOVER-BI   04-26 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSR PLANS TAKEOVER BID FOR MONIER</TITLE>
+<DATELINE>    SYDNEY, April 27 - </DATELINE><BODY>CSR Ltd &lt;CSRA.S> said it plans to offer
+3.50 dlrs a share cum-bonus for all the issued capital of
+building products group Monier Ltd &lt;MNRA.S>.
+    The offer values Monier's current issued capital of 156.28
+mln shares at 547 mln dlrs and compares with the latest share
+market price of 2.80 dlrs, equal to last Friday's close.
+    Monier recently said it proposes to make a one-for-two
+bonus issue before June 30.
+    CSR will shortly announce further details of the offer
+including a CSR share alternative, it said in a statement.
+    CSR said it currently holds 323,000 Monier shares or only
+0.21 pct of the company's issued capital.
+    Redland Plc &lt;RDLD.L>, the holder of 49.87 pct of Monier,
+has agreed with CSR that Redland will not accept the offer for
+its stake initially, CSR said.
+    Instead, CSR has granted Redland two alternative options,
+the first giving Redland the right to accept the CSR offer at
+the same price within six months of the closing date of the
+bid, the company said.
+    The second grants Redland the option to increase its Monier
+holding to 50.1 pct in the same period.
+    The second option is exercisable by Redland at 3.50 dlrs a
+share, CSR said.
+    Both option deals are subject to the approval of Monier
+shareholders except CSR and Redland.
+    As previously reported, Redland and Monier had been
+discussing a possible Redland bid for Monier but the talks
+broke off two weeks ago.
+    CSR said Redland supports the CSR offer as a means of
+establishing a fruitful joint venture in building materials in
+which they both have interests. At the end of the offer, they
+will discuss how these interests may be developed.
+    Redland has indicated that it would be prepared to consider
+at a later stage an increase in CSR's Monier stake to enable it
+to become a CSR subsidiary, assuming Redland exercises the
+second option, CSR said.
+    It said the offer is generous because it will give Monier
+shareholders a price equivalent to 16.8 times after-tax
+earnings in 1985/86 ended June 30, a 25 pct premium over
+Friday's market price and a 125 pct premium over last reported
+net tangible asset backing per share of 1.57 dlrs.
+    The offer is beneficial for both CSR and Monier
+shareholders, CSR's chief executive officer Bryan Kelman said.
+    "The acquisition will broaden CSR interests in building
+materials by the addition of complementary domestic and
+overseas businesses in concrete and clay tiles, metal roofing
+materials and concrete blocks and piping," Kelman said in the
+statement.
+    "Importantly, the acquisition will provide CSR with new
+growth opportunities in building materials both in Australia
+and overseas," he added.
+    Monier, which earned a net 32.49 mln dlrs in 1985/86, has
+operations in a number of countries, including the U.S., Japan,
+Britain and New Zealand, as well as Australia.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21835" NEWID="17213">
+<DATE>26-APR-1987 23:26:24.51</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0189&#31;reute
+b f BC-CORRECTION---BUNDESBA   04-26 0048</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - BUNDESBANK INTERVENES IN TOKYO
+    In the Tokyo item "/BUNDESBANK INTERVENES IN TOKYO VIA BANK
+OF JAPAN," please read in the second para: "Dealers' estimates of
+the intervention amount varied from 10 mln to 100 mln dlrs."
+Corrects figures from 100 mln to one billion dlrs.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21836" NEWID="17214">
+<DATE>26-APR-1987 23:32:09.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0193&#31;reute
+u f BC-USSR-ATTENDS-ADB-MEET   04-26 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USSR ATTENDS ADB MEET, UNCERTAIN ON MEMBERSHIP</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    OSAKA, Japan, April 27 - </DATELINE><BODY>The Soviet Union is attending an
+Asian Development Bank (ADB) annual general meeting for the
+first time, but has not decided whether to apply for
+membership, a senior Soviet State Bank official said.
+    "No specific plans exist for applying for membership," Yurij
+Ponomarev, international managing director of the State Bank,
+told Reuters. "It's too early to draw up any plans."
+    The USSR is attending the 20th meeting as an observer.
+    "The sole purpose is to observe and collect information
+first hand," Ponomarev said.
+    He said the Soviet Union was responding to a long-standing
+ADB invitation to attend the meetings.
+    "This is one of the fastest growing regions in the world,"
+the State Bank official said. "It is in our interest to have
+good contacts."
+    But those strengthened contacts will not be made at the
+expense of the Soviet Union's other relationships, he said.
+    Delegates here said the USSR move was connected to recent
+efforts to develop closer ties with Asia. The policy was
+announced last year by Soviet leader Mikhail Gorbachev in a
+speech at Vladivostok.
+    Moscow's decision to attend the meetings follows its
+application last year for membership of the General Agreement
+on Tariffs and Trade (GATT).
+    Delegates said the USSR faces lacklustre growth and is
+searching for ways to boost its economy.
+    Although the ADB said political ideology is not a critiera
+for membership, several delegates said politics would play a
+large role in any decision to allow Moscow to join.
+    Moscow's application would have to be approved by
+two-thirds of the board of governors representing
+three-quarters of the total voting power of member countries.
+    The basic votes of the 47 members are all equal and total
+one-fifth of all votes. The remainder are proportional to the
+number of shares held by each member.
+    Japan is the largest shareholder, at 15.1 pct, followed by
+the U.S. With 14.9 pct and China with 7.2 pct.
+    The U.S. Has more than 12 pct of the total votes,
+insufficient to block a Moscow membership bid.
+    Japanese officials said Tokyo has not decided its position
+regarding the possibility of Soviet membership and said they
+noted the Soviets had not yet made any move to join.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21837" NEWID="17215">
+<DATE>26-APR-1987 23:42:23.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0201&#31;reute
+u f BC-RAINFALL-EASES-DROUGH   04-26 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAINFALL EASES DROUGHT IN NORTH CHINA</TITLE>
+<DATELINE>    PEKING, April 27 - </DATELINE><BODY>Spring rain in the last few days has
+helped ease a serious drought in most of north China, the New
+China News Agency said.
+    It said rain fell in Peking, Shandong, Hebei, Henan,
+Shanxi, Shaanxi, Qinghai, Sichuan and parts of Inner Mongolia.
+It said the drought in Shanxi, north Hebei, north Shaanxi and
+Peking has basically ended.
+    But snowfalls of 10 mm have affected spring sowing in
+Liaoning, struck by abnormally cold and warm weather since
+January, including rainfall 10 times more than normal in some
+places, it said, but gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21838" NEWID="17216">
+<DATE>27-APR-1987 00:44:20.00</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0017&#31;reute
+u f BC-U.S.-MAY-TELL-JAPAN-S   04-27 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MAY TELL JAPAN SANCTIONS CAN END - NY TIMES</TITLE>
+<DATELINE>    NEW YORK, April 27 -  </DATELINE><BODY>President Reagan is expected to tell
+Prime Minister Yasuhiro Nakasone this week that the U.S. May be
+able to lift trade sanctions against Japan by the end of June,
+the New York Times said.
+    The newspaper, quoting administration officials, said that
+under such a scenario the President would announce just before
+the June 8-10 economic summit meeting in Venice that he hoped
+to lift the restrictions on electronics imports by the end of
+the month. Japan, for its part, would have to show that it had
+stopped underpricing semiconductors and had widened access in
+Japan for U.S. Chip producers.
+    The U.S. Administration imposed 100 pct tariffs on 300 mln
+dlrs worth of Japanese color television sets, motorised tools
+and personal computers on April 17.
+    Japanese officials have said Nakasone's main demand when he
+arrives for talks with Reagan on Wednesday would be the
+immediate lifting of the tariffs.
+    But with Congress planning further trade reprisals against
+Japanese trade policies, the end-of-June timeframe is seen as
+the best Reagan can offer, the Times said. It said some verbal
+formulation was expected to be found in a communique that would
+allow Nakasone to claim at least a modest victory.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21839" NEWID="17217">
+<DATE>27-APR-1987 00:48:57.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0020&#31;reute
+u f BC-PHILIPPINES-TO-GET-30   04-27 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES TO GET 300 MLN DLR JAPANESE LOAN</TITLE>
+<DATELINE>    OSAKA, Japan, April 27 - </DATELINE><BODY>The Philippines has received a 300
+mln dlr loan from the Japanese Export-Import Bank, Philippine
+Finance Minister Jaime Ongpin told Reuters.
+    Ongpin said the loan, carrying interest of 5.5 pct a year,
+matches a 300 mln dlr economic recovery loan approved by the
+World Bank in March.
+    Ongpin said Japanese Finance Minister Kiichi Miyazawa
+expressed satisfaction at the recent rescheduling of the
+Philippines' 10.3 billion dlr foreign debt during a meeting
+here yesterday. The 14th yen aid package from Japan's Overseas
+Economic Cooperation Fund was also discussed.
+    Ongpin said the Japan is expected to respond favourably to
+a Philippine request to raise the aid level to between 75 and
+80 billion yen.
+    The aid package, originally scheduled for Japan's 1986/87
+fiscal year ended March, was delayed because of the
+Philippines' change of government last year.
+    "The Japanese have indicated we may not get as much as we
+are asking for in one big jump from the 13th yen package of 49
+billion yen," he said. "But they are likely to bring it up to
+that level for the 15th package."
+    Ongpin said Manila had 14 projects in the pipeline for the
+14th yen package.
+    "We are trying get the 15th package mainly in the form of
+untied commodity loans," he said.
+    Discussion on a Philippine request for 500 mln dlrs in soft
+loans to finance a land reform program, for which Japan is
+expected to supply most of the financing, had been put off
+until next month because of delays in preparatory work.
+    Ongpin said he will make a strong pitch for the land reform
+program in his speech on Tuesday at the 20th annual meeting of
+the Asian Development Bank (ADB) here.
+    Ongpin said the Philippines is very happy about the ADB's
+support after President Corazon Aquino took over from deposed
+leader Ferdinand Marcos.
+    "But I would like to see them push more aggressively in the
+field of lending to the private sector," he said.
+    The Philippines was the bank's second-biggest borrower
+after Pakistan in 1986, with loans totalling 316 mln dlrs.
+    Ongpin said he expects ADB lending to the Philippines in
+1987 to reach the same level.
+    "They have told us they can lend us two billion dlrs if we
+want. But we have to come up with the projects," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21840" NEWID="17218">
+<DATE>27-APR-1987 00:53:25.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0024&#31;reute
+u f BC-U.S.-TREASURY-SECRETA   04-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY SECRETARY CANCELS TRIP TO AUSTRALIA</TITLE>
+<DATELINE>    WASHINGTON, April 27 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+has cancelled a trip to Australia because of pressing business
+at home, including the visit this week by Japanese Prime
+Minister Yasuhiro Nakasone, a Treasury spokesman said.
+    The spokesman, who asked not to be identified, said, "I
+would not draw any conclusion from the cancellation ... I would
+just say it's the press of business."
+    He said Nakasone's visit was "part of the press of business"
+but denied the cancellation was linked to the current turmoil
+in the financial markets.
+ REUTER                                    
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21841" NEWID="17219">
+<DATE>27-APR-1987 01:08:32.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0034&#31;reute
+u f BC-STRONG-INDONESIAN-EAR   04-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRONG INDONESIAN EARTHQUAKE LEADS TO FLOOD FEARS</TITLE>
+<DATELINE>    JAKARTA, April 27 - </DATELINE><BODY>Fresh tremors hit the northern area of
+the Indonesian island of Sumatra after an earthquake measuring
+6.6 on the Richter scale yesterday and local officials told
+Reuters they fear flooding after a dam was cracked.
+    Contacted by telephone, they said the area around the town
+of Tarutung, south of the city of Medan and about 560 km west
+of Singapore, was shaken by more tremors this morning.
+    The dam on the Sigeon river is leaking and there is a
+possibility of flooding if it rains in the next few days before
+repairs can be made, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21842" NEWID="17220">
+<DATE>27-APR-1987 01:11:59.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>egypt</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0036&#31;reute
+u f BC-EGYPT-SEEKS-ARAB-FUND   04-27 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT SEEKS ARAB FUNDS TO BUY ITS MILITARY DEBTS</TITLE>
+<DATELINE>    CAIRO, April 27 - </DATELINE><BODY>Egypt is trying to persuade Arab states
+and banks to buy its military debts to the United States and
+other Western countries so it can repay them on better terms,
+an Egyptian official said.
+    "We want the Arabs to buy the debt and reschedule it at a
+more reasonable interest rate of up to seven pct," the official,
+who asked not to be named, told Reuters.
+    Egypt owes the U.S. 4.5 billion dlrs in military debt and
+has failed to persuade Washington to reduce interest rates on
+it averaging about 14 pct.
+    Eqypt also owes France an undisclosed amount, estimated by
+Arab diplomats at over two billion dlrs, and has not serviced
+the debt for over a year. Other military debts are owed to
+Spain, West Germany and Britain.
+    The official said negotiations on the possibility of buying
+the debt have started, with approaches made to Kuwait and Saudi
+Arabia, but no firm decisions have been reached.
+    The official also said the International Monetary Fund
+(IMF) and Egypt have agreed on certain economic reforms in
+return for emergency funds. An accord with the IMF would open
+the way for Cairo to reschedule its 40 billion dlr debt.
+    The official said the IMF agreement requires Egypt to raise
+energy prices to international levels, unify its multi-tiered
+foreign exchange system and raise interest rates.
+    "Egypt will seek loans from various countries immediately
+after the agreement with the IMF is signed," he said.
+    "If an Arab country buys part of the military debt or gives
+us guarantees, it will encourage banks to step in," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21843" NEWID="17221">
+<DATE>27-APR-1987 01:16:14.62</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0040&#31;reute
+r f BC-FIRE-DAMAGES-PAKISTAN   04-27 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRE DAMAGES PAKISTAN SUGAR STOCK</TITLE>
+<DATELINE>    KARACHI, April 27 - </DATELINE><BODY>A fire damaged a large stock of
+imported sugar stored in a customs warehouse at Karachi on
+Saturday night, customs officials said.
+    They said the warehouse contained about 15,000 tonnes of
+sugar in 150,000 bags but they did not know how much had been
+destroyed or damaged. They said the cause of the fire was
+unknown.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21844" NEWID="17222">
+<DATE>27-APR-1987 01:18:54.86</DATE>
+<TOPICS><D>interest</D><D>gnp</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0043&#31;reute
+u f BC-MALAYSIA-MAY-CUT-BASE   04-27 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA MAY CUT BASE LENDING RATE IN JUNE</TITLE>
+<DATELINE>    KUALA LUMPUR, April 27 - </DATELINE><BODY>Malaysia may cut its base lending
+rate by 0.75 to one percentage point from a current 8.5 pct in
+June to stimulate economic growth, Finance Minister Daim
+Zainuddin said.
+    The last cut, of 0.5 pct, was effected by banks and finance
+companies on April 1 following a Central Bank directive.
+    The lending rate has been declining in recent months
+because the Central Bank has injected more funds into the
+economy, Daim told an assembly of the dominant Malay-based
+United Malays National Organisation party.
+    Daim, who is also the party's Treasurer General, said
+Malaysia's gross domestic product growth in 1987 is likely to
+exceed the one pct forecast in his 1987 budget presented last
+year. He gave no details of the expected rise.
+    GDP growth in 1986 was 0.5 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21845" NEWID="17223">
+<DATE>27-APR-1987 01:28:05.50</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0046&#31;reute
+u f BC-TAIWAN-UNEMPLOYMENT-F   04-27 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN UNEMPLOYMENT FALLS IN MARCH</TITLE>
+<DATELINE>    TAIPEI, April 27 - </DATELINE><BODY>Taiwan's unemployment rate fell to 2.03
+pct of the labour force in March from 2.37 pct in February and
+2.79 pct in March 1986, the government statistics department
+said.
+    A department official said the decline was due to rising
+employment in the manufacturing sector, including textiles and
+footwear.
+    The unemployed totalled 163,000 in March against 193,000 in
+February and 216,000 in March 1986.
+    The labour force fell to 8.03 mln in March from 8.14 mln in
+February and 7.74 mln in March 1986, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21846" NEWID="17224">
+<DATE>27-APR-1987 01:29:37.16</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>japan</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0047&#31;reute
+r f BC-JAPANESE-FIRMS-TO-SEL   04-27 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE FIRMS TO SELL AUSTRALIAN GOLD COINS</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Three Japanese trading companies and one
+coin retailer will start selling Australia's Nugget gold coins
+in Japan from May 12 after actively buying at the first
+international trading of the coins last Thursday, officials
+involved in the sale said.
+    They estimated Japanese companies bought 30 pct of 155,000
+ounces sold on Thursday.
+    The coins are likely to be sold in Japan at prices similar
+to the South African krugerrand.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21847" NEWID="17225">
+<DATE>27-APR-1987 01:31:05.62</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>algeria</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0048&#31;reute
+u f BC-ALGERIA-SIGNS-MAJOR-L   04-27 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALGERIA SIGNS MAJOR LNG DEAL WITH U.S. GROUP</TITLE>
+<DATELINE>    ALGIERS, April 27 - </DATELINE><BODY>Algeria's national petroleum agency
+Sonatrach and the U.S. Panhandle-Trunkline &lt;PEL.N> group signed
+a 20-year accord for the delivery of liquefied natural gas
+(LNG), the official APS news agency said.
+    Deliveries will start next winter and rise over three years
+to reach 4.5 billion cubic metres annually, with 60 pct of the
+gas carried in Algerian ships to a terminal at Lake Charles,
+La., APS said.
+   APS said the pricing formula will "preserve the purchasing
+power of LNG and the interests of Sonatrach, and take into
+account ... The world (and) the American market."
+    The agreement follows months of negotiations between
+Panhandle Eastern Petroleum Corp and Sonatrach over the new LNG
+contract.
+    The talks followed an accord in July 1986 which resolved a
+long-standing dispute between Sonatrach and Panhandle
+subsidiary &lt;Trunkline Gas Co> after the U.S. Group unilaterally
+suspended purchases of Algerian LNG.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21848" NEWID="17226">
+<DATE>27-APR-1987 01:33:55.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0050&#31;reute
+u f BC-FOREIGN-INVESTORS-NET   04-27 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOREIGN INVESTORS NET SELLERS OF JAPANESE STOCKS</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Foreigners were net sellers of Japanese
+stocks in the week ended April 17 for the seventh consecutive
+week, the Tokyo Stock Exchange said.
+    Net sales were 112.15 billion yen against 105.80 billion
+the previous week.
+    Overseas investors sold shares worth 727.08 billion yen on
+the Tokyo, Osaka and Nagoya Exchanges, down 5.3 pct from the
+previous week. They bought stock worth 614.93 billion yen, down
+5.2 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21849" NEWID="17227">
+<DATE>27-APR-1987 01:42:06.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>barbados</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0056&#31;reute
+u f BC-LATIN-AMERICAN,-SPANI   04-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATIN AMERICAN, SPANISH BANK GOVERNORS TO MEET</TITLE>
+<DATELINE>    BRIDGETOWN, Barbados, April 27 - </DATELINE><BODY>Central bank governors
+from Spain, Latin America and the Caribbean will meet here this
+week for two separate conferences on finance and monetary
+problems, the Central Bank of Barbados said.
+    The 24th session of Central Bank governors of the American
+continent opens today for two days and the central bank
+governors of Latin America and Spain will hold a separate
+conference from April 29-30.
+    Representatives of the Inter-American Development Bank, the
+International Monetary Fund and other international financial
+organisations will attend both conferences.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21850" NEWID="17228">
+<DATE>27-APR-1987 02:00:12.82</DATE>
+<TOPICS><D>alum</D><D>iron-steel</D><D>pet-chem</D></TOPICS>
+<PLACES><D>venezuela</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M C
+&#22;&#22;&#1;f0063&#31;reute
+u f BC-VENEZUELA-FINANCE-MIN   04-27 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA FINANCE MINISTER TO SEEK JAPANESE CREDIT</TITLE>
+<DATELINE>    CARACAS, April 27 - </DATELINE><BODY>Finance minister Manuel Azpurua said he
+will visit Japan in mid-May to seek new credits for planned
+expansion in Venezuela's state-owned aluminum, steel and
+petrochemical industries.
+    Azpurua told reporters he will be accompanied by central
+bank president Hernan Anzola and director of public finance
+Jorge Marcano.
+    "The idea is to hold meetings with Japanese economic and
+financial authorities, with the banks which have business and
+credits in Venezuela and with some of the Japanese companies
+already active here," Azpurua said.
+    Azpurua said he was optimistic about the trip, in light of
+Japan's recent announcement it will disburse 30 billion dlrs in
+new credit to Latin American countries.
+    "I think this trip is being taken at an opportune time and
+will allow us to reveal the potencial which this country holds
+for the Japanese economic community," Azpurua said.
+    He would not say how much Venezuela will seek in credits
+from Japan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21851" NEWID="17229">
+<DATE>27-APR-1987 02:21:13.19</DATE>
+<TOPICS><D>ipi</D><D>inventories</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0073&#31;reute
+b f BC-JAPAN-INDUSTRIAL-PROD   04-27 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN INDUSTRIAL PRODUCTION RISES IN MARCH</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Japan's preliminary industrial production
+index (base 1980) rose 0.7 pct to a seasonally adjusted 122.8
+in March from the previous month, the Ministry of International
+Trade and Industry said.
+    Production had fallen 0.2 in Feburary from a month earlier.
+    The preliminary, unadjusted March index fell 0.2 pct from a
+year earlier after remaining flat in Feburary.
+    The adjusted March producers' shipment index (same base)
+fell 0.6 to 117.3 from February. The unadjusted index rose 0.3
+pct from a year earlier.
+    The adjusted March index of producers' inventories of
+finished goods (same base) rose 0.7 pct to 105.4 from Feburary.
+The unadjusted index fell 1.1 pct from a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21852" NEWID="17230">
+<DATE>27-APR-1987 02:30:57.13</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0077&#31;reute
+b f BC-BANK-OF-JAPAN-INTERVE   04-27 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES IN TOKYO</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>The Bank of Japan intervened in the
+market, buying a moderate amount of dollars around 137.80-85
+yen, dealers said.
+    Some dealers noted talk that the Bundesbank intervened here
+directly buying dollars against marks, after reports that it
+intervened through the Bank of Japan in the morning.
+    The dollar moved up on short-covering aided by the central
+bank intervention, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21853" NEWID="17231">
+<DATE>27-APR-1987 02:37:14.92</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>hong-kong</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0079&#31;reute
+b f BC-BALDRIGE-SAYS-FURTHER   04-27 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE SAYS FURTHER DOLLAR FALL NOT PRODUCTIVE</TITLE>
+<DATELINE>    HONG KONG, April 27 - </DATELINE><BODY>The U.S. Secretary of Commerce
+Malcolm Baldrige said a further decline of the dollar would not
+be productive.
+    He told reporters here that Treasury Secretary James Baker
+"feels, and I feel the same way, that a further dollar fall
+would be counterproductive."
+    Baldrige also said governments cannot determine long-term
+currency exchange rates and that currencies would eventually
+reflect underlying economic fundamentals.
+    The U.S. Commerce Secretary is in Hong Kong after stops in
+Peking and Seoul on an Asian trade tour.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21854" NEWID="17232">
+<DATE>27-APR-1987 02:42:56.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0084&#31;reute
+u f BC-C.-ITOH-TO-BUY-CRAY-S   04-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C. ITOH TO BUY CRAY SUPERCOMPUTER</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>C. Itoh and Co Ltd &lt;CITT.T> said in a
+statement it has agreed in principle to buy a Cray Research Inc
+&lt;CYR> X-MP supercomputer worth 8.3 mln dlrs.
+    The computer will be paid for and used by the Century
+Research Center (CRC), a research body specialising in civil
+engineering, in which C. Itoh has a 36.2 pct stake, a company
+spokesman said. The final contract will be signed on May 15 and
+delivery is scheduled for December this year.
+    The U.S. Administration has been urging Japan to buy more
+U.S. Supercomputers to help relieve trade friction and reduce
+Japan's trade surplus with the U.S.
+    The supercomputer will the eighth such machine sold to a
+Japanese concern, the spokesman said.
+    He said Cray has about 70 pct of the world supercomputer
+market but under 10 pct in Japan.
+    Fujitsu Ltd dominates the Japanese market for such
+machines, industry sources said.
+    Nippon Telegraph and Telephone Corp, which bought a Cray
+supercomputer in 1984 when it was publicly-owned, is the only
+government-owned entity to have done so. Trade Minister Hajime
+Tamura was quoted as saying last week that the government is
+considering buying U.S. Supercomputers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21855" NEWID="17233">
+<DATE>27-APR-1987 02:44:18.17</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0087&#31;reute
+u f BC-CHINA-CALLS-FOR-CAUTI   04-27 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA CALLS FOR CAUTION ON NEW CREDIT INSTRUMENTS</TITLE>
+<DATELINE>     PEKING, April 27 - </DATELINE><BODY>A Chinese newspaper said the country
+must be careful about introducing credit instruments to avoid
+the risk of an uncontrolled credit expansion.
+    It said: "The introduction of credit, while undoubtedly
+facilitating business, could result in unhealthy expansion of
+the volume of money in circulation..." adding that the ordinary
+consumer must learn how to use credit wisely.
+     The paper said in an editorial that "a sound approach and
+one that will not entail the risks of introducing uncontrolled
+expansion of credit into the monetary system is the present one
+of issuing renminbi in larger denomications."
+    Today, the first two of nine new bank notes, including
+notes for 50- and 100-yuan were introduced. The largest
+denomination had been 10 yuan.
+    The paper said the new notes are necessary because of the
+rapid development of the economy, which has made it
+inconvenient to carry large amounts of cash in small
+denominations.
+    Economists have been urging that personal cheques, buying
+on instalment, letters of credit and credit cards be introduced
+more widely, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21856" NEWID="17234">
+<DATE>27-APR-1987 03:06:12.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0117&#31;reute
+u f BC-INDIAN-BORROWING-FROM   04-27 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN BORROWING FROM ADB SEEN RISING</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    OSAKA, Japan, April 27 - </DATELINE><BODY>India, which received its first
+loans from the Asian Development Bank (ADB) in 1986, expects to
+increase borrowing this year, an Indian official said.
+    The official, a member of the Indian delegation at the
+ADB's annual meeting here, told Reuters the bank is likely to
+approve three loans totalling between 350 and 400 mln dlrs in
+1987, up from the 250 mln in two loans in 1986.
+    The official said negotiations on a 100 mln dlr loan for
+the modernisation of the Haldia and Madras ports had been
+completed and only need approval by the bank's board.
+    The official said an ADB team is now in India for a survey
+of the second project involving imports of railway locomotives.
+He said the bank was also likely to extend a credit line to the
+Industrial Development Bank of India.
+    The ADB in 1986 extended a 100 mln dlr line of credit to
+state-owned Industrial Finance Corp of India.
+    The official said the ADB wants to gradually expand lending
+to India. "They (the bank) do not want their traditional
+borrowers from smaller countries in the region to get
+overwhelmed by (India and China)," he said. China is expected to
+receive its first ADB loan this year.
+    "We are quite satisfied at having opened this new window in
+borrowing," the official said. "Our projects are being vetted
+quickly. We have no complaints."
+    He said the ADB in any case would not be able to match
+Indian borrowing needs.
+    "In fiscal 1986/87 ending June India will borrow two billion
+dlrs from the World Bank alone," he said.
+    "That represents the total ADB lending to all its borrowers
+in 1986."
+    The official said total Indian development assistance from
+multilateral and bilateral creditors is likely to total four
+billion dlrs in 1986/87.
+    Asked to comment on U.S. Criticism of the quality of ADB
+lending, the official said: "The ADB is a regional bank and
+ought to have a better understanding of realities in Asia."
+    "You cannot apply World Bank conditionalities everywhere," he
+said. "The U.S. Cannot impose one yardstick for every country."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21857" NEWID="17235">
+<DATE>27-APR-1987 03:15:44.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0135&#31;reute
+u f BC-TAIWAN-ACCUSES-CHINA   04-27 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ACCUSES CHINA OF UNDERMINING ITS ADB STATUS</TITLE>
+<DATELINE>    TAIPEI, April 27 - </DATELINE><BODY>Taiwan accused China of trying to
+downgrade its international status by forcing the Asian
+Development Bank (ADB) to change its name in the organisation.
+    Taiwan is boycotting the annual meeting of the ADB, which
+opened in Tokyo today, in protest at the Bank's decision to
+change its name to "Taipei, China" from "Republic of China" after
+admitting China as a member.
+    "It is a plot by China to downgrade Taiwan's status in the
+organisation," Foreign Ministry spokesman Cheyne Chiu told a
+news conference.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21858" NEWID="17236">
+<DATE>27-APR-1987 03:28:31.23</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0153&#31;reute
+u f BC-U.S.-CONSIDERING-OIL   04-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONSIDERING OIL INDUSTRY TAX INCENTIVES</TITLE>
+<DATELINE>    HOUSTON, April 27 - </DATELINE><BODY>The Reagan Administration is
+considering tax incentives to boost oil output and restore
+100,000 jobs, U.S. Energy Secretary John Herrington said.
+    A tax credit for new exploration would be part of a package
+to bring 1,000 idle drilling rigs back into operation and raise
+domestic production by one mln barrels a day, he said.
+    The tax status of exploration might also be changed,
+Herrington told reporters at the World Petroleum Congress.
+    He said the oil industry was experiencing difficult times
+internationally and had been devastated in the United States.
+    Consumer demand and a significant decline in domestic
+production has resulted in a rise in oil imports of one mln
+barrels a day in over the last 16 months, Herrington said.
+    "Steps must be taken...To reverse the downturn in our
+domestic energy industry and to safeguard and increase our
+energy security," he said.
+    The administration is committed to improving marketplace
+conditions and incentives to spur exploration and development.
+    "This commitment includes rejecting quick fix solutions,
+like an oil import fee, which are bad for the United States and
+bad for the world," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21859" NEWID="17237">
+<DATE>27-APR-1987 03:37:56.22</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0166&#31;reute
+u f BC-BANGLADESH-PAYMENTS-D   04-27 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH PAYMENTS DEFICIT NARROWS IN NOVEMBER</TITLE>
+<DATELINE>    DHAKA, April 27 - </DATELINE><BODY>Bangladesh's overall balance of payments
+deficit narrowed to 3.03 mln U.S. Dlrs in November from 8.3 mln
+in October and 22.63 mln in November 1985, Central Bank
+officials said.
+    The current account deficit increased to 28.68 mln dlrs in
+November against 10.69 mln in October and 55.19 mln in November
+1985.
+    The trade deficit rose to 88 mln dlrs from 36.36 mln in
+October and 86.2 mln in November 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21860" NEWID="17238">
+<DATE>27-APR-1987 03:47:51.53</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0181&#31;reute
+b f BC-WORLD-MARCH-ZINC-SMEL   04-27 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD MARCH ZINC SMELTER STOCKS FALL 31,800 TONNES</TITLE>
+<DATELINE>    EINDHOVEN, April 27 - </DATELINE><BODY>Total world closing stocks of primary
+zinc at smelters, excluding Eastern Bloc countries, fell 31,800
+tonnes to 432,800 tonnes in March from a corrected February
+figure of 464,600 tonnes, provisional European Zinc Institute
+figures show.
+    This compares with 403,300 tonnes in March last year.
+    Total European stocks of primary zinc, excluding
+Yugoslavia, fell 10,100 tonnes to 149,900 tonnes in March from
+160,000 tonnes in February, against 131,300 tonnes in March
+last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21861" NEWID="17239">
+<DATE>27-APR-1987 03:51:50.46</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0185&#31;reute
+u f BC-VENEZUELA-PREPARING-N   04-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA PREPARING NEW WAGE, INFLATION PLAN</TITLE>
+<DATELINE>    CARACAS, April 27 - </DATELINE><BODY>President Jaime Lusinchi is preparing
+an economic package in response to demands from organised
+labour in Venezuela for a general wage increase and controls on
+inflation, the state news agency Venpres reported.
+    Venpres said the plan includes pay hikes and a "strategy
+against indiscriminate increases in prices or speculation."
+    The Venezuelan Workers Confederation (CTV), the country's
+largest labour group, last week proposed a general wage
+increase of between 10 and 30 pct and a six-month freeze on
+consumer prices and on layoffs.
+    The CTV asked Lusinchi to respond to its proposal before
+the May 1 Workers' Day holiday.
+    Labour's demands comes as private economists forecast
+inflation will reach between 25 and 30 pct in 1987 as the
+country begins to feel the effects of the December devaluation
+of the bolivar by 100 pct against the dollar.
+    Inflation increased 4.2 pct in the first two months of
+1987, almost double the rate in the same 1986 period.
+    Venpres said Lusinchi is prepared to approve some price
+increases, but intends to protect the public against
+speculation and indiscriminate hikes in the cost of living.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21862" NEWID="17240">
+<DATE>27-APR-1987 03:55:26.22</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>interest</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0189&#31;reute
+b f BC-MIYAZAWA-DOES-NOT-THI   04-27 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA DOES NOT THINK DOLLAR IN FREEFALL</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Japanese Finance Minister Kiichi Miyazawa
+told a parliamentary Upper House budget committee that he does
+not think the dollar is in a freefall.
+    He said concerted intervention is only a supplementary
+measure to moderate volatility in exchange rates and repeated
+that policy coordination among major industrial nations is
+necessary. "We cannot expect currency stability only through
+coordinated market intervention," he said.
+    Miyazawa also told the committee the U.S. Has not called on
+Japan to cut its 2.5 pct discount rate.
+    Miyazawa said the government is not considering investing
+in U.S. Government bonds to help stabilize exchange rates. This
+matter has to be dealt with carefully because it involves the
+public's money and exchange rates are moving widely, he added.
+    The ministry will consider where to invest its funds when
+exchange rates become stable, he said.
+    Asked if Japan is considering a request to the U.S. For it
+to raise its discount rate to stabilize exchange rates,
+Miyazawa said the U.S. Has not been able to take action now
+because it has to maintain its economic growth.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21863" NEWID="17241">
+<DATE>27-APR-1987 03:59:25.25</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0196&#31;reute
+u f BC-SOAKING-RAINS-BOOST-D   04-27 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOAKING RAINS BOOST DRY AUSTRALIAN SUGAR CANE AREA</TITLE>
+<DATELINE>    SYDNEY, April 27 - </DATELINE><BODY>Good soaking rain is boosting the sugar
+cane crop in the key Mackay region of Queensland following a
+prolonged dry spell relieved only by intermittent falls, an
+Australian Sugar Producers Association spokesman told Reuters.
+    The rains began late last week, developed into heavy
+downpours over the weekend and are continuing today, he said
+from Brisbane.
+    The Mackay and Burdekin regions, which together grow about
+half the Australian cane crop, have been the Queensland cane
+areas hardest hit by unseasonal dry weather since December.
+    The spokesman said the rain missed the Burdekin area, just
+to the north of the Mackay region on the central Queensland
+coastal fringe, although recent light showers have freshened
+the crop there.
+    Owing to the dry spell in the Mackay and Burdekin areas,
+the overall 1987 Australian cane crop is likely to be below the
+25.4 mln tonnes crushed in 1986 for a 94 net titre raws outturn
+of 3.37 mln tonnes, he said.
+    But any decline will not be as great as seemed likely a
+couple of months ago when it appeared the Mackay-Burdekin crops
+were going to suffer badly, he said.
+    Preliminary crop estimates are expected to be available
+early next month, the spokesman said.
+    The crush in the Mackay-Burdekin is likely to start later
+this year, in late June or early July against mid-June last
+year, to allow the cane to grow and sweeten further, he said.
+    The crush normally runs to around the end of December.
+    Elsewhere in the sugar belt, the cane is doing well, with
+some mill areas expecting record crops, he said.
+    Industry records show variations in the crop are not always
+mirrored in raws output. In 1985, 24.4 mln tonnes of sweeter
+cane than in 1986 produced 3.38 mln tonnes of raws.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21864" NEWID="17242">
+<DATE>27-APR-1987 04:00:37.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0197&#31;reute
+u f BC-BUNDESBANK-CALL-TO-BO   04-27 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK CALL TO BONN ON OVER-SPENDING RISKS</TITLE>
+<DATELINE>    FRANKFURT, April 27 - </DATELINE><BODY>The Bundesbank urged the West German
+government not to relax efforts to rein in spending when taxes
+are cut in a 1990 fiscal reform package, saying that higher
+expenditure could lead to a dangerous rise in interest rates.
+    The Bundesbank's 1986 annual report said the government's
+choice of measures to compensate for any cut in tax income was
+a key political task. "There will also be consequences for the
+state's attitude on spending," it said.
+    It added that, while tax cuts should have a stimulatory
+effect on the economy, the government should not expect any
+significant increase in tax income in the short-term.
+    The reform will cut taxes by a gross 44 billion marks, of
+which 19 billion marks will be financed through as yet
+unspecified measures.
+    The Bundesbank noted that reducing tax preferences and
+financial grants as well as raising some indirect taxes were
+being considered.
+    "As experience shows that a tax cut is not self-financing
+... The question remains of how the rest of the tax cuts will
+be financed," the Bundesbank said.
+    The Bundesbank noted that in 1986, spending had increased
+by more than the three pct annual average rise for 1982 to
+1986. If this three pct limit were exceeded over a long period,
+there would be a danger that increased new borrowing would be
+necessary to finance deficits.
+    It added that interest rates in West Germany were now low,
+partly because of a high influx of foreign funds. But the
+situation would become more difficult if the government's
+credit requirements increased massively. "The anticipated
+stimulatory effects on the economy from the tax cuts could be
+thrown into jeopardy by higher interest rates," it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21865" NEWID="17243">
+<DATE>27-APR-1987 04:02:40.00</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0202&#31;reute
+u f BC-GERMAN-TRADE-SURPLUS   04-27 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN TRADE SURPLUS SHOULD NARROW, BUNDESBANK SAYS</TITLE>
+<DATELINE>    FRANKFURT, April 27 - </DATELINE><BODY>Germany's current account and trade
+surpluses should narrow sharply in 1987 but they will take a
+long time to get back to normal levels, the Bundesbank said in
+its 1986 yearly report.
+    The procedure would be slow as an abrupt turnaround in
+external factors such as oil prices and exchange rates was not
+expected. It did not specify what levels it considered normal.
+    West Germany posted a record trade surplus of 124 billion
+marks in 1986, after 86 billion in 1985 and its current account
+surplus widened to 76.50 billion from 44.6 billion.
+    Signs imports would continue to rise, a factor already
+noted at the start of 1986, while exports rose only slightly,
+would lead to a smaller trade surplus, the Bundesbank said.
+    In real terms, West German imports rose 5.7 pct in 1986
+while exports only increased by 0.8 pct.
+    Germany's current account surplus widened to a provisional
+6.6 billion in February from 4.8 billion in January but was
+down from 6.85 billion posted in February 1986.
+    The trade surplus in February widened to a provisional 10.4
+billion marks from 7.2 billion in January and was still above
+the 6.84 billion reached in the same month the year before.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21866" NEWID="17244">
+<DATE>27-APR-1987 04:24:43.50</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0233&#31;reute
+b f BC-BANK-OF-JAPAN-DEPUTY   04-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN DEPUTY SAYS NO NEW MEASURES PLANNED</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>The Bank of Japan's deputy governor
+Yasushi Mieno told a parliamentary Upper House budget committee
+that the central bank has no monetary measures other than
+intervention planned to stabilize currency rates.
+    He also said the Bank of Japan is not considering a cut in
+its 2.5 pct discount rate.
+    Mieno said the central bank is determined to restore
+currency stability through intervention by the major industrial
+nations as recent exchange rate volatility stems from
+speculation. Economic fundamentals have not changed, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21867" NEWID="17245">
+<DATE>27-APR-1987 04:28:43.31</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>hong-kong</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0240&#31;reute
+u f BC-BALDRIGE-SAYS-U.S.-WA   04-27 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE SAYS U.S. WANTS JAPAN TRADE PROPOSALS</TITLE>
+<DATELINE>    HONG KONG, April 27 - </DATELINE><BODY>U.S. Secretary of Commerce Malcolm
+Baldrige said he hopes Japanese Prime Minister Yasuhiro
+Nakasone will make specific proposals to ease U.S.-Japan trade
+friction at a meeting with President Reagan this week.
+    He also told reporters he hopes the U.S. Will soon be able
+to lift sanctions imposed against Japan for alleged violations
+of an accord on semiconductors.
+    "We have been very specific about our trade problems," he
+told a news conference during a stopover in Hong Kong. "I hope
+(Nakasone) brings some specific answers to the trade problems."
+    "We want to lift the sanctions as soon as possible," Baldrige
+said.
+    He said that once the U.S. Determines that Japan is selling
+semiconductors at cost it will be able to lift the 300 mln U.S.
+Dlrs of duties it imposed on Japanese electronics goods on
+April 17.
+    "We have not seen that yet," he said, adding that it would
+take about one month to determine whether the alleged
+violations of a bilateral semiconductor pact had been
+discontinued.
+    Baldrige did not say what specific solutions he wanted for
+U.S.-Japan trade problems.
+    But the New York Times today quoted administration sources
+as saying that the U.S. May be able to lift trade sanctions
+against Japan by the end of June.
+    Japan would have to show that it had stopped underpricing
+semiconductors and had widened access in Japan top U.S. Chip
+producers.
+    Baldrige also said that despite the current trade rift, the
+U.S. And Japan have long had friendly ties that neither side
+wants to change.
+    "We have a very special relationship with Japan. Japan is a
+friend and our ally," Baldrige said. "Neither one of us wants
+that to change."
+    He also repeated statements that he did not foresee a trade
+war with Japan but that the U.S. Had no choice but to impose
+the trade sanctions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21868" NEWID="17246">
+<DATE>27-APR-1987 04:52:43.21</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0279&#31;reute
+u f BC-SIGN-OF-SLOWING-IN-GE   04-27 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIGN OF SLOWING IN GERMAN MONEY GROWTH -BUNDESBANK</TITLE>
+<DATELINE>    FRANKFURT, April 27 - </DATELINE><BODY>Central bank money stock was growing
+at about seven pct in the first quarter of 1987, down from
+9-1/2 pct in the second half of 1986, so there are signs that
+the pace of growth is slowing even though it is still above
+target, the Bundesbank said in its 1986 annual report.
+    The Bundesbank set a target range of three to six pct
+growth from fourth quarter 1986 to fourth quarter 1987 for
+central bank money stock. In the previous year it grew 7.7 pct,
+outside the 3-1/2 to 5-1/2 pct target range.
+    The Bundesbank noted that monetary policy in 1986 was
+limited by a series of external factors.
+    These included the revaluation of the mark, growing foreign
+payments surpluses of non-banks, and currency inflows.
+    The Bundesbank therefore tolerated the monetary overshoot
+in 1986, as an attempt to counter monetary expansion with
+interest rate and liquidity moves would have increased upward
+pressure on the mark, it said.
+    The lower end of the 1987 target range would be realistic
+if a large part of funds currently held in a liquid form were
+invested in long-term bank accounts or bonds, public bonds or
+foreign securities, the Bundesbank said.
+    But if companies and private households continue to hold
+their funds in liquid forms, or if there are further currency
+inflows, growth will be closer to the upper end of the range.
+    "The more the conflict between external constraints and
+domestic objectives relaxes -- and many things point to this at
+the time of writing this report -- the more possible it will be
+to do justice again to the medium-term concept of money supply
+control," the Bundesbank said.
+    It noted that prices were beginning to tend upwards again
+at the start of 1987.
+    There would be virtually no easing of other production
+costs in 1987 to compensate for the rise in unit-wage costs.
+    "Nevertheless, no inflationary trends are likely to set in
+this year," the Bundesbank said.
+    A link between excessive monetary growth and intensifying
+price rises can only be observed in the long term, it added.
+    The continuing trend for non-banks to switch into long-term
+borrowing to take advantage of low interest rates, while for
+the same reason shunning long-term investments, increases the
+risks in changing interest rates for banks refinancing
+themselves with variable-interest deposits, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21869" NEWID="17247">
+<DATE>27-APR-1987 04:55:17.67</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0290&#31;reute
+u f BC-UAE-TO-RECOGNISE-CONT   04-27 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE TO RECOGNISE CONTRACTUAL INTEREST RATES</TITLE>
+<DATELINE>    ABU DHABI, April 27 - </DATELINE><BODY>A top United Arab Emirates (UAE)
+banker said a new law would be introduced soon obliging courts
+to recognise interest rates contracted between bank and
+borrower.
+    Sheikh Suroor bin Sultan al-Dhahiri, Chairman of Abu Dhabi
+Commercial Bank, told reporters after the shareholders' meeting
+last night the decree would make interest in debt cases payable
+at the contracted rate up to the day a case is filed in court.
+    Subsequently, interest would be charged at a maximum nine
+pct for personal and 12 pct for corporate loans, he said.
+    The law, if passed, would mark a breakthrough in solving
+what UAE bankers say is one of their biggest problems,
+collecting bad debts in court.
+    Under current UAE law in all emirates, except Dubai, courts
+recognise only simple interest at a maximum nine and 12 pct
+even if a loan was contracted at higher compounded rates.
+    The Central Bank said last year that roughly a quarter of
+total loans in the UAE banking system were non-performing.
+Sheikh Suroor also said a judicial committee set up to consider
+debt cases would begin functioning within a month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21870" NEWID="17248">
+<DATE>27-APR-1987 05:19:15.02</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0329&#31;reute
+r f BC-EMS-INTERVENTION-SAID   04-27 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMS INTERVENTION SAID SOMETIMES COUNTERPRODUCTIVE</TITLE>
+<DATELINE>    FRANKFURT, April 27 - </DATELINE><BODY>Attempts to hold currency rates
+rigidly within tight ranges through European Monetary System
+intramarginal intervention can be counterproductive, bringing
+funds into the stronger currency from the weaker at rates still
+considered fairly favourable, the Bundesbank said.
+    "The movements thus sparked can actually promote the weaker
+tendency of a currency, requiring still larger obligatory
+intervention when rates hit band limits," it said in its 1986
+annual report. The other danger was that money supply expansion
+could be caused in the stronger currency nation without its
+central bank being involved in the activity.
+    "For this reason, currency levels should be allowed as much
+room for manoeuvre as possible inside the band limits when a
+currency is in a phase of weakness," the Bundesbank said.
+    "In addition, speculative positions are made more expensive
+to hold when interest differentials are increased."
+    In the report, the Bundesbank gave a rare glimpse of the
+extent of intramarginal and obligatory EMS intervention that
+has taken place since the foundation of the eight-currency
+system on March 13, 1979.
+    Obligatory intervention is that required by EMS central
+banks when a currency reaches its agreed limit against another
+participating unit.
+    Intramarginal intervention is undertaken on agreement
+between central banks when speculative pressure moves a
+currency in an unwanted direction, although it may not yet be
+near any allowed EMS limits.
+    At the start of this year, central banks were very actively
+selling marks and supporting weaker currencies, primarily the
+French franc, as speculative EMS pressure grew.
+    But the announcement by the Bank of France that it was
+ceasing intramarginal intervention sent the franc straight to
+its then-permitted floor of 31.8850 marks per 100.
+    Data in the Bundesbank report showed the EMS central banks
+bought a net total 29.9 billion marks after the April 6, 1986
+realignment until the selling petered out on July 7.
+    But this was far outweighed by net purchases between July
+8, 1986, and the realignment on January 12 this year totalling
+63.0 billion marks - 44.1 billion of which was intramarginal
+and 18.9 billion was obligatory intervention.
+    The data showed that 17.4 billion marks of the total
+eventually filtered into the West German monetary system.
+    Since the latest realignment, central banks have bought
+16.1 billion marks in intramarginal intervention, the
+Bundesbank said, without naming the banks involved.
+    Only very high activity after the March 21, 1983
+realignment came close to matching moves up to last January.
+Then, central banks bought a massive 61.6 billion marks in the
+period up to July 1985, mainly to stabilise the EMS as the
+dollar surged.
+    This then turned into mark sales of a net 34.0 billion from
+July 11, 1985 in the run-up to the April 1986 realignment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21871" NEWID="17249">
+<DATE>27-APR-1987 05:46:13.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D><D>kohl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0379&#31;reute
+u f BC-POEHL-TO-REMAIN-BUNDE   04-27 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POEHL TO REMAIN BUNDESBANK CHIEF, MAGAZINE SAYS</TITLE>
+<DATELINE>    HAMBURG, April 27 - </DATELINE><BODY>Chancellor Helmut Kohl has decided to
+keep Bundesbank President Karl Otto Poehl in office for a
+further eight years, the news magazine Der Spiegel said.
+    Government officials were not immediately available to
+comment on the report, which said that because Poehl is a
+member of the Social Democratic Party (SPD), Kohl had not taken
+the decision lightly.
+    Poehl has been Bundesbank chief since January 1, 1980,
+while Kohl's conservative/liberal coalition has held power
+since 1982.
+    Der Spiegel said Kohl would have preferred to offer the
+post to a member of his Christian Democratic Union (CDU).
+    But the magazine noted Poehl enjoyed a good international
+reputation. Officials have often said Poehl and CDU Finance
+Minister Gerhard Stoltenberg hold each other in high regard.
+    Poehl's current term expires at the end of this year.
+Officials have said no date has been set for an announcement on
+whether his tenure will be extended.
+    Poehl was made an economic adviser to SPD Chancellor Willy
+Brandt in 1971. A year later he was appointed State Secretary
+at the Finance Ministry when former SPD Chancellor Helmut
+Schmidt was Finance Minister.
+    There has recently been press speculation that the
+Bundesbank presidency may be offered to Poehl's deputy, Helmut
+Schlesinger, a conservative monetarist.
+    According to these reports, Schlesinger would be replaced
+two years later by CDU member Hans Tietmeyer, the current
+Finance Ministry State Secretary.
+    Also under discussion as president was Johann Wilhelm
+Gaddum, a member of the Bundesbank board and a CDU member who
+is known to be close to Kohl.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21872" NEWID="17250">
+<DATE>27-APR-1987 05:47:32.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0382&#31;reute
+u f BC-COATS-VIYELLA-MAKES-A   04-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COATS VIYELLA MAKES AGREED BID FOR YOUGHAL</TITLE>
+<DATELINE>    LONDON, April 27 - </DATELINE><BODY>Coats Viyella Plc &lt;CPAT.L> and &lt;Youghal
+Carpets (Holdings) Plc> have agreed to merge on the basis of an
+offer from Coats, a joint statement said.
+    Coats is offering one Irish penny in cash per Youghal
+ordinary share. The offer also covers shares arising on
+conversion of Youghal convertible preference shares.
+    As an alternative, Coats is offering a convertible
+redeemable note of 10 pence sterling per Youghal ordinary
+share.
+    The notes being offered will have the right to conversion
+into Coats Viyella ordinary shares or redemption at 10 pence
+stg in 10 years time, the statement said.
+    For 1986, Coats Vieylla had pre-tax profits of 182 mln stg
+on turnover of 1.75 billion stg. Youghal in 1986 had a pre-tax
+profit of 205,000 Irish pounds on turnover of 44.5 mln Irish
+pounds.
+    Foir Teoranta, which holds four mln Youghal ordinary shares
+plus preference shares which are convertible into 27.6 mln
+ordinary shares, has irrevocably undertaken to accept the
+offer.
+    The cash terms value Youghal at 538,000 Irish pounds.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21873" NEWID="17251">
+<DATE>27-APR-1987 06:03:23.49</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0407&#31;reute
+u f BC-SOUTH-AFRICAN-TRADE-S   04-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICAN TRADE SURPLUS FALLS SHARPLY IN MARCH</TITLE>
+<DATELINE>    PRETORIA, April 27 - </DATELINE><BODY>South Africa's trade surplus fell
+sharply to 940.8 mln rand in March after rising to 1.62 billion
+in February, Customs and Excise figures show.
+    In February last year the surplus stood at 752.8 mln rand.
+    Exports fell to 3.24 mln rand in March from 3.36 billion in
+February while imports rose to 2.30 billion rand from 1.74
+billion.
+    This brought total exports for the first quarter of this
+year to 9.92 billion rand and imports to 6.45 billion rand for
+a surplus of 3.47 billion versus 2.47 billion rand in the same
+in 1986 period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21874" NEWID="17252">
+<DATE>27-APR-1987 06:05:46.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0412&#31;reute
+u f BC-FUNARO'S-DEPARTURE-CO   04-27 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUNARO'S DEPARTURE COULD LEAD TO BRAZIL DEBT DEAL</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SAO PAULO, April 27 - </DATELINE><BODY>The resignation of Finance Minister
+Dilson Funaro is bound to focus attention on whether Brazil
+will now adopt a more flexible debt stance and move towards an
+accord with creditors, bankers and political analysts said.
+    With Funaro in charge, Brazil's relations with creditors
+sank to a low ebb, they said.
+    Bankers told anti-Funaro jokes from Sao Paulo to New York
+and economic analysts said the personal animosity between the
+minister and U.S. Bankers was a real obstacle to reaching
+agreement on rescheduling Brazil's 111 billion dlr debt.
+    Commenting on Funaro, a foreign banker here recently told
+Reuters, "They (banks) see his removal pretty much as a
+precondition for getting serious negotiations under way."
+    Funaro angered the banks in February by suspending interest
+payment on Brazil's 68 billion dlr bank debt.
+    There was also a question of personal style. Bankers
+disliked Funaro's aloof demeanor and in private heatedly
+accused him of arrogance and inflexibility.
+    However, Funaro did not fall because he upset foreign
+bankers but rather because his Cruzado Plan price freeze last
+year was a massive flop, economically and politically.
+    However, it is in the domain of the debt and Brazil's
+relation with creditors that his departure will have the most
+closely-watched international repercussion, bankers said.
+    It became part of Funaro's trademark that he would have no
+truck with the International Monetary Fund (IMF), thus
+effectively blocking a debt agreement.
+    He argued that if Brazil sought the help of the IMF, the
+Fund would lay down conditions which would lead to recession.
+    Funaro and others who supported this position had memories
+of the IMF austerity program in Brazil in the early 1980s, a
+period when hungry crowds stormed supermarkets.
+    The foreign banker in Sao Paulo said, "I think Brazil could
+have an agreement with the IMF which would allow (it)
+acceptable growth."
+    Argentina, working with the IMF, won excellent terms for a
+major portion of its 50 billion dlr debt earlier this month.
+    Given the IMF role in the Argentine accord, a U.S. Diplomat
+here said the agreement had been extremely damaging for Funaro
+because it showed that cooperation with the IMF bore fruit.
+    Mexico has also taken the IMF path and, earlier than
+Argentina, clinched a favourable pioneering agreement with
+creditors on its 100 billion dlr debt.
+    Brazil is now the only one of the three biggest Latin
+American debtors not to have a debt agreement.
+    Some Brazilian opinion, particularly in the business
+community, is favourable to an IMF accord.
+    A leading newspaper, Jornal do Brazil, carried a report
+from Washington over the weekend saying it was a myth the IMF
+brought recession and the best moment for an accord was now. As
+it happens, a routine IMF mission is visiting Brasilia.
+    The government has repeatedly dismissed speculation it is
+considering any major change in debt policy and political
+analysts caution against expecting changes on the IMF issue.
+    The government of President Jose Sarney has gained a
+reputation for chronic indecisiveness and some analysts believe
+the government will turn to the IMF only if it comes to the
+conclusion there really is no option.
+    But such a policy shift looks more and more likely before
+too long in the eyes of many analysts.
+    One major political obstacle, Funaro, is no longer in the
+picture and the economic pressures on Brazil are growing.
+    The sharp drop in the trade surplus, which triggered
+Brazil's present debt crisis, shows no sign of being reversed.
+In the first quarter of 1987 Brazil chalked up a surplus of
+only 526 mln dlrs, just a fraction of the 2.47 billion dlr
+surplus it had in the same period last year.
+    Brazilian officials concede that time is not on their side
+in the debt crisis.
+    "Brazil has an interest in resolving this problem as rapidly
+as possible," Central Bank President Francisco Gros said on
+Friday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21875" NEWID="17253">
+<DATE>27-APR-1987 06:07:02.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0414&#31;reute
+b f BC-KLOECKNER-WERKE-SHARE   04-27 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLOECKNER-WERKE SHARES SUSPENDED IN FRANKFURT</TITLE>
+<DATELINE>    FRANKFURT, April 27 - </DATELINE><BODY>Shares in Kloeckner-Werke AG &lt;KLKG.F>
+were suspended from stock exchange trading pending an
+announcement expected by the company today or tomorrow, a
+bourse spokesman said, without giving further details.
+    Kloeckner shares closed Friday at 67.20 marks. They had
+come under pressure in recent sessions on reports the company
+may be exposed to as much as 300 mln marks in debts as a result
+of the bankruptcy of steelmaker Eisenwerk-Gesellschaft
+Maximilanshuette mbH (Maxhuette).
+    Kloeckner owns just over 49 pct of the share capital in the
+Bavarian-based Maxhuette.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21876" NEWID="17254">
+<DATE>27-APR-1987 06:27:25.47</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0436&#31;reute
+u f BC-WORLD-OIL-DEMAND-LIKE   04-27 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD OIL DEMAND LIKELY TO INCREASE, SUBROTO SAYS</TITLE>
+<DATELINE>    JAKARTA, April 27 - </DATELINE><BODY>Oil prices have stabilized in world
+markets and demand is likely to increase in the second half of
+the year, Indonesia's Mines and Energy Minister Subroto said.
+    He told a meeting of oil industry executives that oil
+prices had stabilized at 18 dlrs a barrel -- the average fixed
+price OPEC put into effect in February -- and supply and demand
+have been in equilibrium since March.
+    If OPEC does not increase overall output in the second half
+of the year, prices will tend to increase, because non-OPEC
+producers have not been able to produce more oil at current
+prices, he said.
+    But he declined to predict, when asked after the meeting,
+whether OPEC would raise its production ceiling of 15.8 mln
+barrels at its next meeting in June.
+    He said in his speech that world oil production over the
+last two months was estimated at 45.6 mln barrels a day, or two
+mln barrels a day less than world oil demand.
+    Oil production by industrialized countries, particularly
+the U.S. And Canada, is expected to decrease this year, but
+some of that slack will be taken up by increased production in
+Cameroon, India and other developing countries, he said.
+    This year is a battle between OPEC and non-OPEC oil
+producers and consumers in the industrialized world for the
+upper hand in world oil markets, Subroto said in an earlier
+speech to management trainees at Pertamina Oil Company.
+    "If OPEC emerges the winner, than it can gradually resume
+its former role in world oil markets," he said.
+    "But don't expect oil prices to return to the level of 28-30
+dlrs a barrel, at least not in the next three or four years,"
+Subroto said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21877" NEWID="17255">
+<DATE>27-APR-1987 06:31:40.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0450&#31;reute
+u f BC-TOSHIBA-TO-SET-UP-MIC   04-27 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOSHIBA TO SET UP MICROCHIP PARTNERSHIP IN U.S.</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Toshiba Corp &lt;TSBA.T> will set up a
+five-year technology partnership with California-based SDA
+Systems Inc with the intention of designing and producing
+computer microchips, a company spokesman said.
+    Toshiba's investment in the project is likely to total less
+than 10 mln dlrs over the five years, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21878" NEWID="17256">
+<DATE>27-APR-1987 06:39:34.03</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0465&#31;reute
+u f BC-NAKASONE-HOPES-U.S.-V   04-27 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE HOPES U.S. VISIT WILL HELP END TRADE ROW</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone said he
+hopes his visit to Washington later this week will help resolve
+Japan's severe trade problems with the United States.
+    Nakasone leaves on his sixth official visit to the United
+States on Wednesday, only weeks after President Reagan imposed
+punitive tariffs of 300 mln dlrs a year on Japanese electronic
+goods for alleged violation of a semiconductor pact.
+    Japan also faces more possible sanctions amid calls in the
+U.S. Congress for further action to help improve trade
+imbalances.
+    Japan's trade surplus with the United States reached a
+record 58.6 billion dlrs in 1986.
+    Nakasone told reporters that special envoy Shintaro Abe,
+who has just returned from Washington, told him protectionist
+sentiment in the United States is severe.
+    "We are well aware of a movement in the United States to
+enact legislation," Nakasone said.
+    He said friends at home and abroad have advised him not to
+go to the United States but it is now more important than ever
+that he express Japan's view and carefully listens to the views
+of the United States.
+    "My visit to the United States at this time will be the most
+important visit of all," Nakasone said.
+    While in Washington, he said he hopes to have candid and
+frank discussions with President Reagan and Congressionl
+leaders. He said he plans to discuss exchange rate stability,
+economic cooperation to developing countries and U.S.-Soviet
+disarmament and arms control.
+    On the recently imposed trade sactions, Nakasone said he
+would present evidence that Japanese semiconductor imports are
+increasing and that Japan is monitoring exports to third
+countries.
+    "We have full confidence we can present clear evidence," he
+said. "(Therefore), we will request that the sanctions be lifted
+at the earliest possible time."
+    On the trade imbalance, Nakasone said Japan has already
+taken action. The volume of exports to the United States has
+been cut, while U.S. Imports have increased.
+    But Japanese imports from Europe and other Asian nations
+have recently surged, those from the United States remain weak,
+indicating a lack of U.S. Competitiveness, he said.
+    Nakasone said Japan will continue to strive to improve the
+trade imbalance but the United States will have to become more
+competitive and improve its huge budget deficit.
+    He said he will also discuss the forthcoming Venice summit
+of the seven major industrial nations in June.
+    "We can further enhance the efforts for improving peace,
+disarmament and the world economies as a whole through
+solidarity," Nakasone said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21879" NEWID="17257">
+<DATE>27-APR-1987 06:41:27.14</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>thailand</D><D>vietnam</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0473&#31;reute
+u f BC-NORTHERN-VIETNAMESE-R   04-27 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN VIETNAMESE RICE CROP THREATENED</TITLE>
+<DATELINE>    BANGKOK, April 27 - </DATELINE><BODY>Insects are threatening to destroy
+367,000 hectares or about one-third of the spring rice crop in
+northern Vietnam, Hanoi radio reported.
+    Drought has hit another 189,000 hectares, with 40,000
+hectares very badly affected, it said.
+    Insecticides are in short supply so only the most
+endangered rice fields should be sprayed, the radio added.
+    The affected areas -- the Red River delta and other coastal
+areas in northern Vietnam -- produce between 30 to 40 per cent
+of the country's rice.
+    The radio report, monitored in Bangkok on April 20 but only
+translated here over the weekend, said the threatened damage
+was spread over twice as large an area as last year.
+    Vietnam has not been able to grow enough food for its
+expanding population, with the Soviet Union buying rice in
+Thailand and Burma in recent years for supply to Vietnam.
+    Vietnam produced 18.2 million tonnes of food, most of it
+rice, last year and hopes to boost that to 23-24 million tonnes
+by 1990.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21880" NEWID="17258">
+<DATE>27-APR-1987 06:41:45.29</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0474&#31;reute
+u f BC-BANK-OF-JAPAN-TO-SELL   04-27 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 600 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>The Bank of Japan will sell 600 billion
+yen in 60-day financing bills tomorrow through 36-day
+repurchase agreements maturing June 3 to roll over a previously
+issued 400 billion yen of such bills maturing tomorrow, money
+traders said.
+    The yield on the bills for sale to banks and securities
+houses by money houses will be 3.8498 pct compared with the
+one-month commercial bill discount rate today of 3.8125 pct and
+the one-month certificate of deposit rate of 4.18/07 pct.
+    The traders estimate the surplus tomorrow at about 700
+billion yen. The remaining 300 billion yen is mainly due to
+increased cash holdings by the banking system because of
+central bank dollar purchases.
+    The operation will put the outstanding supply of such bills
+to 3,500 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21881" NEWID="17259">
+<DATE>27-APR-1987 06:46:39.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D><D>kohl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0480&#31;reute
+u f BC-FURTHER-TERM-FOR-POEH   04-27 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FURTHER TERM FOR POEHL LIKELY, BONN SOURCES SAY</TITLE>
+<DATELINE>    BONN, April 27 - </DATELINE><BODY>Karl Otto Poehl is likely to be re-elected
+President of the Bundesbank when his current term in office
+expires at the end of this year, government sources said.
+    They were commenting on a report in Der Spiegel news
+magazine which said Chancellor Helmut Kohl had decided to keep
+Poehl in office for another eight years.
+    Government spokesman Friedhelm Ost had no comment on the
+report, other than to say that the subject of the Bundesbank
+presidency was not currently under discussion. Der Spiegel said
+that, because Poehl is a member of the Social Democratic Party
+(SPD), Kohl had not taken the decision lightly.
+    Poehl has been Bundesbank chief since January 1, 1980,
+while Kohl's conservative/liberal coalition has held power
+since 1982. Der Spiegel said Kohl would have preferred to offer
+the post to a member of his Christian Democratic Union (CDU).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21882" NEWID="17260">
+<DATE>27-APR-1987 06:47:51.48</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0483&#31;reute
+u f BC-TAIWAN-ISSUES-MORE-CD   04-27 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ISSUES MORE CDS TO CURB MONEY SUPPLY GROWTH</TITLE>
+<DATELINE>    TAIPEI, April 27 - </DATELINE><BODY>The central bank issued 7.53 billion
+Taiwan dlrs worth of certificates of deposits (CDs), bringing
+issues so far this year to 174.48 billion against 40 billion a
+year ago, a bank spokesman said.
+    The new CDs, with maturities of six months, one and two
+years, carry interest ranging from 4.03 to 5.12 pct.
+    The issues are designed to help curb the growth of M-1b
+money supply.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21883" NEWID="17261">
+<DATE>27-APR-1987 06:48:30.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D><D>fujioka</D></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0484&#31;reute
+u f BC-JAPAN-HOLDS-OUT-PROMI   04-27 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN HOLDS OUT PROMISE OF FUNDS FOR ASIAN BANK</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    OSAKA, Japan, April 27 - </DATELINE><BODY>Japanese Finance Minister Kiichi
+Miyazawa opened the 20th annual meeting of the Asian
+Development Bank by holding out the promise of more Japanese
+money for the organisation.
+    "We are ... Striving to enhance the flow of capital from
+Japan to the developing countries," he said.
+    "The Asia-Pacific region is an area of special concern for
+us in our bilateral and multilateral assistance."
+    He said Tokyo was ready to study setting up a special
+Japanese fund at the ADB, like the one at the World Bank.
+    The World Bank fund is earmarked for use by developing
+countries.
+    Developing countries and the United States have criticised
+Japan for failing to use its trade surplus to help poor
+countries.
+    Later this week, Prime Minister Yasuhiro Nakasone is
+expected to tell President Reagan that Japan plans to extend as
+much as 30 billion dlrs to developing countries over the next
+three years, Japanese officials said. The exta ADB funding
+would be part of that amount.
+    "Our cooperation is intended to contibute to ... Alleviating
+the burden on (developing countries)," said Miyazawa, who is
+also chairman of the ADB board of governors.
+    "The developing countries today find themselves in a very
+difficult situation," he said. "With a few notable exceptions,
+those countries that are highly dependent upon commodity
+exports face a rough road ahead."
+    While the developing countries can help themselves by
+striving to become internationally competitive and seeking to
+attract foreign investment, the ADB also has a role to play, he
+said.
+    Miyazawa told the meeting the bank must beef up its
+economic advice program to developing nations and must work
+vigorously to identify development projects for loans.
+    He also called for more use of loans that were not tied to
+development projects, but provided more overall help to the
+borrower.
+    ADB President Masao Fujioka supported Miyazawa's view.
+    "The bank has been fondly described as the family doctor,"
+Fujioka said. "The bank will now have to equip itself to meet a
+range of services required to attend to varied needs of its
+developing members."
+    Miyazawa told the meeting Tokyo was ready to allow its
+Export-Import Bank to co-finance ADB loans. These would not
+have to be used for the purchase of Japanese equipment.
+    Tokyo was also prepared to let the Asian Development Bank
+raise more funds in Tokyo and financial markets should it need
+to do so, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21884" NEWID="17262">
+<DATE>27-APR-1987 06:51:49.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0492&#31;reute
+u f BC-NIPPON-STEEL-NOMINATE   04-27 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON STEEL NOMINATES NEW PRESIDENT</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Nippon Steel Corp &lt;NSTC.T> nominated
+Hiroshi Saito as president, to replace Yutaka Takeda, subject
+to shareholders' approval at a meeting on June 26, company
+officials told a press conference.
+    Takeda will become chairman, and vice president Akira Miki
+will be vice chairman, they said. Current chairman Eishiro
+Saito, who is also chairman of the Federation of Economic
+Organisations (Keidanren), a leading Japanese business
+organisation, will act as honorary chairman and advisor, they
+added. Nippon Steel is now undergoing a strict rationalisation
+program to meet declining demand for steel products.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21885" NEWID="17263">
+<DATE>27-APR-1987 06:52:19.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0493&#31;reute
+r f BC-U.S.,-JAPAN-AT-ODDS-A   04-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., JAPAN AT ODDS AT ADB MEETING</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>The United States and Japan are waging a
+behind the scenes battle at this week's Asian Development Bank
+meeting over Tokyo's attempts to win a greater say in the
+organization, U.S. And Japanese delegates said.
+    Washington is opposing the Japanese efforts because it
+would mean the end of the long-standing parity between the two
+nations in the Bank, U.S. Officials said.
+    Right now, the two countries' voting shares are about
+equal, Japan having 12.53 pct and the United States 12.36 pct.
+The slight difference is due to a temporary delay in the U.S.
+Subscription to the Bank.
+    "It's quite a delicate matter," Japanese Finance Ministry
+deputy director general Fumiya Iwasaki told Reuters. "I don't
+see the discussion ending soon."
+    The issue is further complicated because other member
+nations would have to give up some of their power in the Bank
+if Japan were to increase its influence, he said.
+    Tokyo raised the issue at last year's annual meeting in
+Manila, arguing that the 3.7 billion dlrs it has contributed to
+the Bank's soft loans fund entitled it to a greater say in the
+overall organization. The United States has given 1.2 billion
+dlrs to the Asian Development Fund.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21886" NEWID="17264">
+<DATE>27-APR-1987 06:57:39.48</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C
+&#22;&#22;&#1;f0498&#31;reute
+u f BC-GMK-SAYS-THREE-KMA-PA   04-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GMK SAYS THREE KMA PARTNERS MULLING RECONSTRUCTION</TITLE>
+<DATELINE>    MELBOURNE, April 27 - </DATELINE><BODY>The three Australian participants in
+the &lt;Kalgoorlie Mining Associates> (KMA) gold mining venture
+are discussing a possible restructuring of their interests in
+&lt;Gold Mines of Kalgoorlie Ltd> (GMK), KMA said.
+    The other participants are Western Mining Corp Holdings Ltd
+&lt;WMNG.S> (WMC) and Poseidon Ltd &lt;POSA.S>, GMK said in a brief
+statement. It gave no further details.
+    KMA is owned 52 pct by &lt;Kalgoorlie Lake Pty Ltd> (KLV) and
+48 pct by a local unit of Homestake Mining Co &lt;HM>.
+    KLV in turn is owned 47 pct each by Poseidon and GMK and
+six pct by WMC.
+    The KMA joint venture was formed in 1976 and operates the
+Mount Charlotte and Fimiston gold mines in Western Australia.
+    The two mines produced a total of 222,000 ounces of gold in
+1985/86 ended June 17.
+    KMA is the sole source of GMK's revenue and profits and the
+major contributor to Poseidon's earnings, their annual reports
+show. GMK is owned 31.8 pct by WMC.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21887" NEWID="17265">
+<DATE>27-APR-1987 07:07:53.68</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0521&#31;reute
+u f BC-BANK-OF-JAPAN-INTERVE   04-27 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN INTERVENES IN TOKYO</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>The Bank of Japan intervened in the
+market, buying a moderate amount of dollars around 137.80-85
+yen, dealers said.
+    Some dealers noted talk that the Bundesbank intervened here
+directly buying dollars against marks, after reports that it
+intervened through the Bank of Japan in the morning.
+    The dollar moved up on short-covering aided by the central
+bank intervention, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21888" NEWID="17266">
+<DATE>27-APR-1987 07:08:34.59</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>interest</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0525&#31;reute
+u f BC-MIYAZAWA-DOES-NOT-THI   04-27 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA DOES NOT THINK DOLLAR IN FREEFALL</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Japanese Finance Minister Kiichi Miyazawa
+told a parliamentary Upper House budget committee that he does
+not think the dollar is in a freefall.
+    He said concerted intervention is only a supplementary
+measure to moderate volatility in exchange rates and repeated
+that policy coordination among major industrial nations is
+necessary. "We cannot expect currency stability only through
+coordinated market intervention," he said.
+    Miyazawa also told the committee the U.S. Has not called on
+Japan to cut its 2.5 pct discount rate.
+    Miyazawa said the government is not considering investing
+in U.S. Government bonds to help stabilize exchange rates. This
+matter has to be dealt with carefully because it involves the
+public's money and exchange rates are moving widely, he added.
+    The ministry will consider where to invest its funds when
+exchange rates become stable, he said.
+    Asked if Japan is considering a request to the U.S. For it
+to raise its discount rate to stabilize exchange rates,
+Miyazawa said the U.S. Has not been able to take action now
+because it has to maintain its economic growth.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21889" NEWID="17267">
+<DATE>27-APR-1987 07:10:09.39</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0530&#31;reute
+r f BC-BANK-OF-JAPAN-DEPUTY   04-27 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN DEPUTY SAYS NO NEW MEASURES PLANNED</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>The Bank of Japan's deputy governor
+Yasushi Mieno told a parliamentary Upper House budget committee
+that the central bank has no monetary measures other than
+intervention planned to stabilize currency rates.
+    He also said the Bank of Japan is not considering a cut in
+its 2.5 pct discount rate.
+    Mieno said the central bank is determined to restore
+currency stability through intervention by the major industrial
+nations as recent exchange rate volatility stems from
+speculation. Economic fundamentals have not changed, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21890" NEWID="17268">
+<DATE>27-APR-1987 07:11:40.68</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>interest</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>corrigan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0536&#31;reute
+u f BC-U.S.-CENTRAL-BANKER-O   04-27 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S CORRIGAN OPPOSES FURTHER DOLLAR FALL</TITLE>
+<DATELINE>    OSAKA, JAPAN, April 27 - </DATELINE><BODY>New York Federal Reserve Bank
+President Gerald Corrigan opposed a further fall in the value
+of the dollar but refused to say whether U.S. interest rates
+would be raised to protect the currency.
+    "A further decline in the dollar or appreciation of the yen
+at this juncture I would regard as counterproductive," he told a
+news conference.
+    His comments echoed those made last week by U.S. Treasury
+Secretary James Baker, who also warned against a further dollar
+fall.
+    Currency speculators and investors are convinced that a
+further dollar fall is needed to help reduce the huge U.S.
+trade deficit, dealers said, adding the only thing likely to
+help the dollar is seen as a rise in U.S. Interest rates.
+    Corrigan refused to say whether the U.S. was ready to risk
+damaging its economic recovery by raising interest rates.
+    The dollar's sharp drop this month has also raised
+questions about the usefulness of recent meetings of the Group
+of Seven. But Corrigan said: "They have played a constructive
+role in so far as the broad objective of facilitating a higher
+degree of economic policy coordination."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21891" NEWID="17269">
+<DATE>27-APR-1987 07:12:03.05</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0538&#31;reute
+u f BC-REAGAN-WARNS-CONGRESS   04-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN WARNS CONGRESS ON PROTECTIONISM</TITLE>
+<DATELINE>    WASHINGTON, April 27 - </DATELINE><BODY>President Reagan warned the U.S.
+Congress in his weekly radio address against passing what he
+called dangerous, protectionist trade legislation that would
+tie his hands in trade negotiations with Japan and other
+countries.
+    Reagan, who will hold talks with Japanese Prime Minister
+Yasuhiro Nakasone here this week, said he would lift tariffs
+imposed last week against some Japanese products as soon as
+Tokyo complied with a U.S.-Japanese pact on semiconductors.
+    U.S. officials gave the same message to former Japanese
+Foreign Minister Shintaro Abe in talks here last week.
+    In his weekly radio address on Saturday, Reagan said he
+would tell Nakasone: "We want to continue to work cooperatively
+on trade problems and want very much to lift these trade
+restrictions as soon as evidence permits.
+    Reagan said the 100 pct tariffs he imposed on some 300 mln
+dlrs worth of Japanese goods was a special case of trade
+retaliation and did not signal a shift in what he called his
+staunch anti-protectionist policies.
+    "In imposing these tariffs we were just trying to deal with
+a particular problem, not begin a trade war," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21892" NEWID="17270">
+<DATE>27-APR-1987 07:13:16.65</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0545&#31;reute
+u f BC-MIYAZAWA-SAYS-POLICY   04-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS POLICY COORDINATION KEY TO CURRENCY</TITLE>
+<DATELINE>    OSAKA, April 27 - </DATELINE><BODY>Japanese Finance Minister Kiichi Miyazawa
+told a press conference the basic solution to currency
+instability among major nations is economic policy
+coordination.
+    He said that is a time-consuming process as coordination
+does not always proceed in a way policy makers envisage. "That
+is democracy," he said. Upon that foundation, Miyazawa said,
+there must be coordinated intervention. Major nations have
+sufficient funds to continue concerted intervention, he added.
+    "Without doubt this set-up of coordinated intervention will
+continue to operate," Miyazawa said.
+    Miyazawa said Prime Minister Yasuhiro Nakasone and U.S.
+President Ronald Reagan are likely to reaffirm the Louvre and
+Washington Group of Seven (G-7) agreements on currency
+stability when they meet later this week.
+    Asked whether the dollar is declining against all major
+currencies, not only the yen, Miyazawa declined to make any
+comments.
+    He reiterated that many major nations have undertaken
+coordinated intervention in recent weeks to prop up the dollar,
+including countries who are not members of the G-7.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21893" NEWID="17271">
+<DATE>27-APR-1987 07:14:00.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>philippines</D></PLACES>
+<PEOPLE><D>ongpin</D></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0549&#31;reute
+r f BC-PHILIPPINES-TO-GET-30   04-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES TO GET 300 MLN DLR JAPANESE LOAN</TITLE>
+<DATELINE>    OSAKA, Japan, April 27 - </DATELINE><BODY>The Philippines has received a 300
+mln dlr loan from the Japanese Export-Import Bank, Philippine
+Finance Minister Jaime Ongpin told Reuters.
+    Ongpin said the loan, carrying interest of 5.5 pct a year,
+matches a 300 mln dlr economic recovery loan approved by the
+World Bank in March.
+    Ongpin said Japanese Finance Minister Kiichi Miyazawa
+expressed satisfaction at the recent rescheduling of the
+Philippines' 10.3 billion dlr foreign debt during a meeting
+here yesterday. The 14th yen aid package from Japan's Overseas
+Economic Cooperation Fund was also discussed.
+    Ongpin said the Japan is expected to respond favourably to
+a Philippine request to raise the aid level to between 75 and
+80 billion yen.
+    The aid package, originally scheduled for Japan's 1986/87
+fiscal year ended March, was delayed because of the
+Philippines' change of government last year.
+    "The Japanese have indicated we may not get as much as we
+are asking for in one big jump from the 13th yen package of 49
+billion yen," he said. "But they are likely to bring it up to
+that level for the 15th package."
+    Ongpin said Manila had 14 projects in the pipeline for the
+14th yen package.
+    "We are trying get the 15th package mainly in the form of
+untied commodity loans," he said.
+    Discussion on a Philippine request for 500 mln dlrs in soft
+loans to finance a land reform program, for which Japan is
+expected to supply most of the financing, had been put off
+until next month because of delays in preparatory work.
+    Ongpin said he will make a strong pitch for the land reform
+program in his speech on Tuesday at the 20th annual meeting of
+the Asian Development Bank (ADB) here.
+    Ongpin said the Philippines is very happy about the ADB's
+support after President Corazon Aquino took over from deposed
+leader Ferdinand Marcos.
+    "But I would like to see them push more aggressively in the
+field of lending to the private sector," he said.
+    The Philippines was the bank's second-biggest borrower
+after Pakistan in 1986, with loans totalling 316 mln dlrs.
+    Ongpin said he expects ADB lending to the Philippines in
+1987 to reach the same level.
+    "They have told us they can lend us two billion dlrs if we
+want. But we have to come up with the projects," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21894" NEWID="17272">
+<DATE>27-APR-1987 07:16:46.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D><D>kohl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0557&#31;reute
+r f BC-POEHL-TO-REMAIN-BUNDE   04-27 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POEHL TO REMAIN BUNDESBANK CHIEF, MAGAZINE SAYS</TITLE>
+<DATELINE>    HAMBURG, April 27 - </DATELINE><BODY>Chancellor Helmut Kohl has decided to
+keep Bundesbank President Karl Otto Poehl in office for a
+further eight years, the news magazine Der Spiegel said.
+    Government officials were not immediately available to
+comment on the report, which said that because Poehl is a
+member of the Social Democratic Party (SPD), Kohl had not taken
+the decision lightly.
+    Poehl has been Bundesbank chief since January 1, 1980,
+while Kohl's conservative/liberal coalition has held power
+since 1982.
+    Der Spiegel said Kohl would have preferred to offer the
+post to a member of his Christian Democratic Union (CDU).
+    But the magazine noted Poehl enjoyed a good international
+reputation. Officials have often said Poehl and CDU Finance
+Minister Gerhard Stoltenberg hold each other in high regard.
+    Poehl's current term expires at the end of this year.
+Officials have said no date has been set for an announcement on
+whether his tenure will be extended.
+    Poehl was made an economic adviser to SPD Chancellor Willy
+Brandt in 1971. A year later he was appointed State Secretary
+at the Finance Ministry when former SPD Chancellor Helmut
+Schmidt was Finance Minister.
+    There has recently been press speculation that the
+Bundesbank presidency may be offered to Poehl's deputy, Helmut
+Schlesinger, a conservative monetarist.
+    According to these reports, Schlesinger would be replaced
+two years later by CDU member Hans Tietmeyer, the current
+Finance Ministry State Secretary.
+    Also under discussion as president was Johann Wilhelm
+Gaddum, a member of the Bundesbank board and a CDU member who
+is known to be close to Kohl.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21895" NEWID="17273">
+<DATE>27-APR-1987 07:18:39.06</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0571&#31;reute
+r f BC-U.S.-OFFICIAL-SAYS-EA   04-27 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OFFICIAL SAYS EAGLE GOLD COIN HAS MAJOR SHARE</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>A visiting U.S. Mint official told
+reporters that American Eagle gold coins took the largest share
+of the world bullion coin market in 1986 despite the fact sales
+only began in October last year.
+    She said the U.S. Coins accounted for 37 pct of the world
+market share, against 31.9 pct for Canadian coins and 18.6 pct
+for South African. She gave no sales volume figures for 1986.
+    Sales of the U.S. Coins in the first six months of issue
+totalled 2.32 mln ounces, exceeding the target of 2.2 mln in
+the first year, she said.
+    Japan alone has imported 140,000 ounces of the coins since
+November, the official said, adding that the U.S. Mint sees
+Japan as a major market.
+    Sumitomo Corp and Tanaka Kikinzoku KK already distribute
+the coins in Japan, she said. Nissho Iwai Corp has just been
+appointed a distributor, she added.
+    The U.S. Started issuing gold bullion coins, following the
+ban on imports of South African Krugerrands to the U.S., In a
+bid to offer investment grade coins to investors, the Mint said
+in a statement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21896" NEWID="17274">
+<DATE>27-APR-1987 07:24:22.56</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>hong-kong</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0585&#31;reute
+u f BC-BALDRIGE-SAYS-U.S.-WA   04-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALDRIGE SAYS U.S. WANTS JAPAN TRADE PROPOSALS</TITLE>
+<DATELINE>    HONG KONG, April 27 - </DATELINE><BODY>U.S. Secretary of Commerce Malcolm
+Baldrige said he hopes Japanese Prime Minister Yasuhiro
+Nakasone will make specific proposals to ease U.S.-Japan trade
+friction at a meeting with President Reagan this week.
+    He also told reporters he hopes the U.S. Will soon be able
+to lift sanctions imposed against Japan for alleged violations
+of an accord on semiconductors.
+    "We have been very specific about our trade problems," he
+told a news conference during a stopover in Hong Kong. "I hope
+(Nakasone) brings some specific answers to the trade problems."
+    "We want to lift the sanctions as soon as possible," Baldrige
+said.
+    He said that once the U.S. Determines that Japan is selling
+semiconductors at cost it will be able to lift the 300 mln U.S.
+Dlrs of duties it imposed on Japanese electronics goods on
+April 17.
+    "We have not seen that yet," he said, adding that it would
+take about one month to determine whether the alleged
+violations of a bilateral semiconductor pact had been
+discontinued.
+    Baldrige did not say what specific solutions he wanted for
+U.S.-Japan trade problems.
+    But the New York Times today quoted administration sources
+as saying that the U.S. May be able to lift trade sanctions
+against Japan by the end of June.
+    Japan would have to show that it had stopped underpricing
+semiconductors and had widened access in Japan top U.S. Chip
+producers.
+    Baldrige also said that despite the current trade rift, the
+U.S. And Japan have long had friendly ties that neither side
+wants to change.
+    "We have a very special relationship with Japan. Japan is a
+friend and our ally," Baldrige said. "Neither one of us wants
+that to change."
+    He also repeated statements that he did not foresee a trade
+war with Japan but that the U.S. Had no choice but to impose
+the trade sanctions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21897" NEWID="17275">
+<DATE>27-APR-1987 07:24:51.19</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T C
+&#22;&#22;&#1;f0589&#31;reute
+r f BC-GERMAN-SUGAR-BEET-PLA   04-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN SUGAR BEET PLANTINGS MOST ADVANCED IN SOUTH</TITLE>
+<DATELINE>    HAMBURG, April 27 - </DATELINE><BODY>Sugar beet plantings are almost
+complete in southern West Germany but are lagging behind in
+other regions, trade sources said.
+    In the west of the country, about 60 pct of the plantings
+were completed, while in the north only 40 pct of the sugar
+beet area has been sown, they said.
+    The weather is forecast to stay mild in northern West
+Germany in the coming days and more planting progress is
+expected there, they said.
+    This year's area sown to sugar beets is likely to fall to
+38,500 hectares from around 40,000 last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21898" NEWID="17276">
+<DATE>27-APR-1987 07:25:11.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0591&#31;reute
+u f BC-FRENCH-HOUSEHOLD-CONS   04-27 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH HOUSEHOLD CONSUMPTION DOWN 3.6 PCT IN MARCH</TITLE>
+<DATELINE>    PARIS, April 27 - </DATELINE><BODY>French household consumption of
+manufactured goods fell 3.6 pct in March, the National
+Statistics Institute (INSEE) said.
+    It said the figure fell to 46.35 billion francs seasonally
+adjusted and in real terms from February's 48.07 billion, where
+it had held steady for three months.
+    It said sales of most durable goods had fallen 3.5 pct
+while household electricals, clothing and textiles were down by
+about eight pct from February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21899" NEWID="17277">
+<DATE>27-APR-1987 07:25:24.81</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0592&#31;reute
+u f BC-U.S.-MAY-TELL-JAPAN-S   04-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MAY TELL JAPAN SANCTIONS CAN END - NY TIMES</TITLE>
+<DATELINE>    NEW YORK, April 27 -  </DATELINE><BODY>President Reagan is expected to tell
+Prime Minister Yasuhiro Nakasone this week that the U.S. May be
+able to lift trade sanctions against Japan by the end of June,
+the New York Times said.
+    The newspaper, quoting administration officials, said that
+under such a scenario the President would announce just before
+the June 8-10 economic summit meeting in Venice that he hoped
+to lift the restrictions on electronics imports by the end of
+the month. Japan, for its part, would have to show that it had
+stopped underpricing semiconductors and had widened access in
+Japan for U.S. Chip producers.
+    The U.S. Administration imposed 100 pct tariffs on 300 mln
+dlrs worth of Japanese color television sets, motorised tools
+and personal computers on April 17.
+    Japanese officials have said Nakasone's main demand when he
+arrives for talks with Reagan on Wednesday would be the
+immediate lifting of the tariffs.
+    But with Congress planning further trade reprisals against
+Japanese trade policies, the end-of-June timeframe is seen as
+the best Reagan can offer, the Times said. It said some verbal
+formulation was expected to be found in a communique that would
+allow Nakasone to claim at least a modest victory.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21900" NEWID="17278">
+<DATE>27-APR-1987 07:26:48.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0594&#31;reute
+r f BC-INTEGRATED-RESOURCES   04-27 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED RESOURCES SETS UP BRANCHES IN HONG KONG</TITLE>
+<DATELINE>    HONG KONG, April 27 - </DATELINE><BODY>U.S.-based insurance and investment
+broker &lt;Integrated Resources Inc> has set up two subsidiaries
+in Hong Kong, a company statement said.
+    &lt;Integrated Resources Insurance and Investment Services
+Ltd> will focus on insurance marketing and &lt;Integrated
+Resources (HK) Ltd> on stock broking.
+    The statement gave no financial details for the local
+firms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21901" NEWID="17279">
+<DATE>27-APR-1987 07:27:50.15</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>de-clercq</D><D>yeutter</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f0597&#31;reute
+r f BC-U.S.-WARNS-OF-TRADE-B   04-27 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WARNS OF TRADE BILL, EC ATTACKS JAPAN</TITLE>
+<DATELINE>    KASHIJIMA, Japan, April 27 - </DATELINE><BODY>The U.S. warned its major
+trade partners that its trade deficit must fall by September or
+a protectionist trade bill from Congress would be highly
+likely.
+    Meanwhile, European Community (EC) external trade chief
+Willy de Clercq said that if Japan's trade surplus, which hit
+almost 90 billion dlrs last year, continued so high, there
+would be stormy weather ahead.
+    U.S. Trade representative Clayton Yeutter told trade
+leaders from Japan, the EC and Canada that there was at least a
+50-50 chance that a protectionist bill reaching the House of
+Representatives this week would pass the Senate in September.
+    The U.S. economy badly needed better trade figures by then,
+or President Ronald Reagan would have a difficult time vetoing
+such a bill, he said, according to a series of briefings to
+reporters by official delegates at the weekend meeting.
+    A 15 billion dlr U.S. Trade deficit in March had only
+incensed Congress further, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21902" NEWID="17280">
+<DATE>27-APR-1987 07:28:06.01</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>thailand</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0599&#31;reute
+r f BC-THAILAND-TO-SEEK-CLAR   04-27 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAILAND TO SEEK CLARIFICATION ON U.S. RICE PRICES</TITLE>
+<DATELINE>    BANGKOK, April 27 - </DATELINE><BODY>Thailand will this week seek
+clarification from the U.S. About its decision to freeze rice
+export prices from January to early April, Commerce Minister
+Montri Pongpanich said.
+    Montri told reporters he will seek a meeting with U.S.
+Ambassador William Brown to determine why the U.S. Failed to
+set its weekly rice prices in accordance with rising world
+prices during the period.
+    He said the U.S. Has followed a policy of weakening world
+rice prices by announcing highly subsidised export prices lower
+than those quoted by Thai traders.
+    Thai officials said weekly rice prices as announced by the
+U.S. Agriculture Department were unchanged for 11 weeks up to
+April 8.
+    Thailand, a major rice exporter, has criticised the U.S.
+Farm Act which provides heavy subsidies to U.S. Exporters
+enabling them to compete with Thai exporters.
+    Thai officials said average export prices of Thai rice fell
+19 pct last year and another 5.8 pct during the first quarter
+this year.
+    The Board of Trade said Thailand exported 1.23 mln tonnes
+in January/March, down from 1.29 mln a year ago.
+    It said the export decline was partly due to the reluctance
+of Thai traders to accept all foreign orders as world prices
+did not rise in line with firming domestic prices.
+    The board said, however, that Thailand may export more rice
+later this year, especially to Africa, the Middle East and
+Asia, due to lower production in many drought affected African
+countries and to expected small exportable surpluses in Burma
+and Pakistan.
+    It said Thai rice exports to nine major African buyers rose
+to 351,889 tonnes during the first quarter from 93,038 a year
+earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21903" NEWID="17281">
+<DATE>27-APR-1987 07:28:29.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0601&#31;reute
+r f BC-NEW-POLL-PUTS-BRITISH   04-27 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW POLL PUTS BRITISH CONSERVATIVES WELL AHEAD</TITLE>
+<DATELINE>    LONDON, April 27 - </DATELINE><BODY>Britain's ruling Conservatives
+maintained a commanding lead in a new opinion poll, reinforcing
+views that Prime Minister Margaret Thatcher is poised to call a
+general election in June.
+    The Harris poll published in the Observer newspaper gave
+the Conservatives the support of 42 pct of those questioned,
+Labour 31 pct, and the Liberal-Social Democratic Alliance
+trailing with 25 pct.
+    This would give the Conservatives a 94-seat overall
+majority in the House of Commons.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21904" NEWID="17282">
+<DATE>27-APR-1987 07:28:38.38</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>de-clercq</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f0602&#31;reute
+r f BC-EC-SAYS-JAPAN-CAR-EXP   04-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SAYS JAPAN CAR EXPORT RESTRAINT NOT ENOUGH</TITLE>
+<DATELINE>    KASHIKOJIMA, JAPAN, April 27 - </DATELINE><BODY>Japan's 1987 car export
+restraint to the European Community (EC) is not enough, EC
+external trade chief Willy de Clercq said.
+    There are also strong signs Japanese exporters are
+diverting cars to the EC after the dollar's fall against the
+yen made their U.S. market unprofitable, he told reporters
+after meeting U.S., Japanese, and Canadian trade ministers.
+    The EC has agreed that if it detects an abnormal diversion
+in Japanese exports from the U.S. To the EC market due to
+currency movements over the past two years, it will move to
+prevent it, he said.
+    Over the period, the yen has risen against the dollar
+almost eight times as fast as against the European Currency
+Unit, he said.
+    Japan has set an unofficial, voluntary 10 pct rise in car
+exports to the EC this year as part of its efforts to stop its
+rising trade surplus with the Community, which hit a record 18
+billion dlrs last year.
+    But Japanese car exports to the EC so far this year jumped
+over 30 pct compared to a drop of 17 pct in U.S. Sales, and a
+seven per cent fall globally. "We think there is some diversion
+there," said de Clercq.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21905" NEWID="17283">
+<DATE>27-APR-1987 07:28:53.17</DATE>
+<TOPICS><D>trade</D><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f0604&#31;reute
+r f BC-G-7-OFFICIALS-TO-DECI   04-27 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 OFFICIALS TO DECIDE ON SUMMIT AGENDA</TITLE>
+<DATELINE>    OSAKA, Japan, April 27 - </DATELINE><BODY>Senior officials from the Group of
+Seven (G-7) countries will meet next week to decide an agenda
+for the body's June summit scheduled to be held in Venice,
+Japanese officials said.
+    The meeting will provide senior government officials with
+their first chance to discuss the recent sharp drop of the
+dollar, although the main focus of the gathering is longer
+term, they said.
+    Deputy Finance Ministers, including Japanese Vice-Finance
+Minister Toyoo Gyohten, will attend. The meeting will be held
+in Italy, they said, but gave no other details.
+    The leaders of the G-7, the United States, Britain, Canada,
+France, Italy, Japan and West Germany, are expected to discuss
+ways of improving economic policy coordination in Venice.
+    The hope is that increased coordination will help reduce
+the huge imbalances in world trade and calm volatile currency
+markets. But economists say the strategy has so far not worked.
+    Japanese officials admitted there is little more they can
+do on their own to stem the dollar decline, which last week saw
+the currency plunge to a post-war low below 140 yen.
+    The officials said they expected sentiment against the
+dollar to change soon, once the U.S. Trade deficit starts to
+fall and the Japanese surplus begins to shrink.
+    "We have already seen some signs of improvement (in the
+trade picture), but the market does not appreciate it yet," one
+said.
+    Last week's passage of the Japanese government budget by
+parliament's Lower House also paves the way for Tokyo to take
+additional action to stimulate its sagging economy and boost
+imports, the officials said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21906" NEWID="17284">
+<DATE>27-APR-1987 07:31:11.28</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0619&#31;reute
+b f BC-BANK-OF-ENGLAND-DOES   04-27 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF ENGLAND DOES NOT INTERVENE IN MONEY MARKET</TITLE>
+<DATELINE>    LONDON, April 27 - </DATELINE><BODY>The Bank of England said it did not
+intervene in the money market during the morning.
+    It also said that it had raised its estimate of the
+liquidity shortage in the market to 450 mln stg from 400 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21907" NEWID="17285">
+<DATE>27-APR-1987 07:31:38.46</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>japan</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0624&#31;reute
+d f BC-JAPANESE-FIRMS-TO-SEL   04-27 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE FIRMS TO SELL AUSTRALIAN GOLD COINS</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Three Japanese trading companies and one
+coin retailer will start selling Australia's Nugget gold coins
+in Japan from May 12 after actively buying at the first
+international trading of the coins last Thursday, officials
+involved in the sale said.
+    They estimated Japanese companies bought 30 pct of 155,000
+ounces sold on Thursday.
+    The coins are likely to be sold in Japan at prices similar
+to the South African krugerrand.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21908" NEWID="17286">
+<DATE>27-APR-1987 07:31:47.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0625&#31;reute
+d f AM-CATERPILLAR   04-27 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORKERS VOTE TO LEAVE CATERPILLAR &lt;CAT> PLANT</TITLE>
+<DATELINE>    LONDON, April 27 - </DATELINE><BODY>Strikers at the Caterpillar Inc tractor
+plant near Glasgow, due to be closed by the U.S.-owned firm,
+voted to end their occupation of the factory after more than
+three months.
+    A meeting attended by 700 of the plant's 1,200 workers
+approved an agreement reached with management on Thursday after
+four days of talks. Production will resume today.
+    The agreement calls for the establishment of a working
+group of representatives from both sides, which has been given
+until October 16 to find a new buyer for the factory.
+    The company has promised that there will be no job losses
+before that date. Workers began their occupation on January 14
+after Caterpillar said it planned to close the plant and lay
+off the entire work force.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21909" NEWID="17287">
+<DATE>27-APR-1987 07:31:54.89</DATE>
+<TOPICS><D>alum</D><D>iron-steel</D><D>pet-chem</D></TOPICS>
+<PLACES><D>venezuela</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f0626&#31;reute
+d f BC-VENEZUELA-FINANCE-MIN   04-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA FINANCE MINISTER TO JAPAN IN MID-MAY</TITLE>
+<DATELINE>    CARACAS, April 27 - </DATELINE><BODY>Finance Minister Manuel Azpurua said
+today he will travel to Japan in mid-May to seek new credits
+for planned expansions in Venezuela's state aluminum, steel and
+petrochemical industries.
+    Azpurua told reporters he will be accompanied by Central
+Bank President Hernan Anzola and Director of Public Finance
+Jorge Marcano.
+    'The idea is to hold meetings with Japanese economic and
+financial authorities, with the banks which have business and
+credits in Venezuela and with some of the Japanese companies
+already active here,' Azpurua said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21910" NEWID="17288">
+<DATE>27-APR-1987 07:32:04.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>barbados</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0627&#31;reute
+w f BC-regional-central-bank   04-27 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANK GOVERNORS TO MEET IN BARBADOS</TITLE>
+<DATELINE>    BRIDGETOWN, BARBADOS, April 27 - </DATELINE><BODY>Central bank governors
+from Spain, Latin America and the Caribbean will meet here this
+week at two separate conmferences to discuss finance and
+monetary problems, the Central Bank of Barbados said.
+    The 24th session of central bank governors of the american
+continent opens today for two days. Central bank governors of
+Latin America and Spain will hold a separate conference from
+april 29-30.
+    Representatives of the Inter American Development Bank, the
+International Monetary Fund and other international financial
+organizations will attend both conferences.
+    The Central Bank of Barbados gave no agenda for the
+meetings
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21911" NEWID="17289">
+<DATE>27-APR-1987 07:32:15.73</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0628&#31;reute
+u f BC-WORLD-OIL-DEMAND-LIKE   04-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD OIL DEMAND LIKELY TO INCREASE, SUBROTO SAYS</TITLE>
+<DATELINE>    JAKARTA, April 27 - </DATELINE><BODY>Oil prices have stabilized in world
+markets and demand is likely to increase in the second half of
+the year, Indonesia's Mines and Energy Minister Subroto said.
+    He told a meeting of oil industry executives that oil
+prices had stabilized at 18 dlrs a barrel -- the average fixed
+price OPEC put into effect in February -- and supply and demand
+have been in equilibrium since March.
+    If OPEC does not increase overall output in the second half
+of the year, prices will tend to increase, because non-OPEC
+producers have not been able to produce more oil at current
+prices, he said.
+    But he declined to predict, when asked after the meeting,
+whether OPEC would raise its production ceiling of 15.8 mln
+barrels at its next meeting in June.
+    He said in his speech that world oil production over the
+last two months was estimated at 45.6 mln barrels a day, or two
+mln barrels a day less than world oil demand.
+    Oil production by industrialized countries, particularly
+the U.S. And Canada, is expected to decrease this year, but
+some of that slack will be taken up by increased production in
+Cameroon, India and other developing countries, he said.
+    This year is a battle between OPEC and non-OPEC oil
+producers and consumers in the industrialized world for the
+upper hand in world oil markets, Subroto said in an earlier
+speech to management trainees at Pertamina Oil Company.
+    "If OPEC emerges the winner, than it can gradually resume
+its former role in world oil markets," he said.
+    "But don't expect oil prices to return to the level of 28-30
+dlrs a barrel, at least not in the next three or four years,"
+Subroto said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21912" NEWID="17290">
+<DATE>27-APR-1987 07:33:56.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0636&#31;reute
+r f PM-ARMS-TALKS ***  04-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIETS TO PRESENT TREATY ON MISSILES - SOURCES</TITLE>
+<DATELINE>    GENEVA, April 27 - </DATELINE><BODY>The Soviet Union will present a draft
+treaty today calling for elimination of all U.S.-Soviet
+medium-range missiles in Europe, an official source in the
+Soviet arms negotiating team told Reuters.
+    The draft treaty will be handed over to the American team
+negotiating on medium-range missiles during talks at the U.S.
+Diplomatic mission in Geneva this afternoon, the source said.
+    The United States presented its draft treaty, which would
+also scrap the so-called "Euromissiles," during a previous round
+of negotiations in early March.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21913" NEWID="17291">
+<DATE>27-APR-1987 07:40:04.43</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>cyprus</D><D>saudi-arabia</D><D>iran</D><D>iraq</D><D>kuwait</D><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0646&#31;reute
+u f BC-SAUDIS-NOT-SEEKING-OI   04-27 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDIS NOT SEEKING OIL PRICE ABOVE 18 DLRS - MEES</TITLE>
+<DATELINE>    NICOSIA, April 27 - </DATELINE><BODY>Saudi Arabia will not seek to push OPEC
+oil prices above the current benchmark of 18 dlrs per barrel
+unless oil demand grows strongly, the Middle East Economic
+Survey (MEES) said.
+    The Cyprus-based weekly newsletter quoted authoritative
+Saudi sources as saying the Kingdom's oil price policy would
+not change "unless and until there is a strong revival in the
+growth of demand for oil."
+    MEES said this contradicted recent hints of new Saudi price
+hawkishness from U.S. Congressional and oil industry sources.
+    The Saudi sources said their policy was firmly based on the
+long-term need to restore the competitive position of oil in
+general and OPEC oil in particular against other energy
+sources.
+    "Saudi Arabia is certainly committed to cooperating with its
+OPEC partners to exercise the necessary production restraint to
+maintain the 18 dlr per barrel reference price level," MEES
+said.
+    The newsletter said Saudi output in the first three weeks
+of April averaged slightly above its OPEC quota of 4.133 mln
+barrels per day (bpd). Output would fall in the last week,
+causing the month's average to be below quota, MEES said.
+    MEES estimated overall OPEC production for April at around
+16.8-16.9 mln bpd -- two mln bpd more than both its figures for
+March and Reuter estimates for March.
+    It said Iranian production had risen by 500,000 bpd this
+month to 2.2-2.3 mln bpd, around its quota level. In Iraq, with
+an OPEC-assigned quota of 1.466 mln bpd, output rose this month
+to two mln bpd, not including "war relief" supplies from Kuwait
+and Saudi Arabia, the newsletter said.
+    Nigeria, which has had problems selling its full 1.238 mln
+bpd entitlement, increased its output to 1.2 mln bpd, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21914" NEWID="17292">
+<DATE>27-APR-1987 07:40:49.36</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0649&#31;reute
+r f BC-INDIAN-BANKER-SAYS-RA   04-27 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN BANKER SAYS RATES CUT AFFECTS PROFITABILITY</TITLE>
+<DATELINE>    BOMBAY, April 27 - </DATELINE><BODY>The cut in the lending rates and other
+changes made in the interest rates will hit the profitability
+of many commercial banks in India, Indian Banks' Association
+chairman M. N. Goiporia told a bankers' conference.
+    The changes were announced by the Reserve Bank of India on
+March 31 and became effective on April 1.
+    "Some of the latest credit policy measures such as reduced
+lending rates, raising the statutory liquidity ratio and
+restructuring of deposit rates will pose a potential threat to
+commercial banks' continuing higher profitability levels," he
+said.
+    Goiporia said most foreign and Indian commercial banks
+including those owned by the government have been making
+profits over the years, mainly due to better fund management
+and the enlargement of the banks' capital base. He did not
+elaborate.
+    The Reserve Bank's new credit policy for commercial banks
+cut the maximum lending rate by one pct to 16.5 pct, raised
+rates on deposits of two years by a half pct to nine pct and by
+one pct to 10 pct on deposits of more than two years. To cut
+excess liquidity in the industry, the Reserve Bank raised the
+banks' liquidity ratio by a half pct to 37.5 pct, immobilising
+nearly five billion rupees of deposits, bankers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21915" NEWID="17293">
+<DATE>27-APR-1987 07:46:34.04</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>lit</D></TOPICS>
+<PLACES><D>italy</D><D>france</D><D>usa</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0659&#31;reute
+b f BC-BALLADUR-URGES-ADHERE   04-27 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR URGES ADHERENCE TO G-7 CURRENCY ACCORDS</TITLE>
+<DATELINE>    MILAN, April 27 - </DATELINE><BODY>French Finance Minister Edouard Balladur
+said the Group of Seven major industrial nations, G-7, can
+achieve stable currency values by adhering to accords reached
+this year in Paris and Washington.
+    Balladur, asked at a news conference if coordinated market
+intervention by central banks was sufficient to halt the
+dollar's recent slide, said "each country has to fulfill
+commitments" outlined in the G-7 accords.
+    Earlier this month in Washington, finance ministers of the
+U.S., Japan, West Germany, France, Italy, Britain and Canada
+reaffirmed an earlier Paris accord to arrest the dollar's fall.
+    Balladur said the current nervousness in foreign exchange
+markets can be partly attributed to "some operators in the
+market only watching short term economic indicators. You have
+to keep a cool head," he said, declining to elaborate further.
+    In an earlier speech before the Milan Chamber of Commerce,
+the minister said European countries have to seek "a better
+consensus of economic and monetary policies."
+    On the European Monetary System, he said, "The persistent
+vulnerability of the foreign currency mechanism, particularly
+to the movements of the dollar, can be explained by the absence
+of a common policy for currencies of other countries."
+    Balladur said, "I am profoundly convinced that the European
+countries have to define together this position with respect to
+the dollar and the yen."
+    He said Italy eventually would have to abandon its higher
+margin of fluctuation within the European Montetary System. "I
+hope that the spectacular improvement of the economic situation
+and of the balance of payments will permit (Italy) to do it
+soon."
+    The lira is currently allowed a fluctuation margin either
+side of its agreed midpoints with other EMS currencies of six
+pct, against 2.25 pct permitted for the other members.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21916" NEWID="17294">
+<DATE>27-APR-1987 07:57:49.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0683&#31;reute
+r f BC-NORWAY-BOURSE-PRICE-B   04-27 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY BOURSE PRICE BOOM WILL NOT LAST - ANALYSTS</TITLE>
+<AUTHOR>    By Nicholas Doughty, Reuters</AUTHOR>
+<DATELINE>    OSLO, April 27 - </DATELINE><BODY>Norway's stock exchange has touched record
+levels, propelled by higher oil prices and foreign buying
+interest. But analysts say the bullish trend probably will not
+last. Tight restrictions on foreign ownership of shares have
+held back development on the market, they say. While some of
+these rules could soon be eased, Norway's unresolved economic
+woes mean the prices boom is likely to be short-lived.
+    Last Thursday, the all-share index reached 325.48 points to
+beat the previous record of 325.31 set in mid-November, 1985.
+    Brokers say the new record, spurred by firmer oil prices
+above 18 dlrs a barrel which are crucial to Norway's economy,
+has for now set the Oslo bourse apart from the current
+fluctuations on other world stock markets.
+    "It's an underdeveloped market...Virgin territory ," Jenny
+Tora, a Scandinavian securities analyst with London-based
+stockbrokers James Capel, told Reuters.
+    But the attraction for foreign investors of the stock
+market, where price/earnings ratios average around a relatively
+low 11, is tempered by restrictions and some nervousness about
+the future of Norway's economy, analysts say.
+    Foreign ownerhsip is limited in all sectors and varies
+between 10 and 40 pct of the shares of any company - and the
+class of shares rarely carry voting rights.
+    "It's often hard to get stocks as the quotas are full," Tora
+said. "There can be problems of liquidity in the market. You can
+get into the market, but perhaps not get out."
+    Analysts said this meant that foreign interest had been
+restricted mostly to professional trading rather than client
+buying, and that the market missed some speculative impetus.
+    There are also no stock options, and bonds cannot be held
+by foreigners in Norwegian securities trading.
+    Thor Bang, chief economist at Den Norske Creditbank A/S,
+Norway's biggest bank, said he thought the stocks boom had
+little foundation in Norway's economic situation.
+    "One of the factors (in the rise) is a belief in...Political
+stability," he told Oslo's business daily, Dagens Naeringsliv.
+    The minority Labour government has looked increasingly
+stable since it came to power in May, 1986, with the former
+right-centrist coalition in disarray.
+    But stock market analysts say continued economic problems
+could soon jeopardise the bourse's bull trend, in spite of the
+appreciation of the crown against the dollar.
+    Although firming oil prices mean better news for Norway,
+Western Europe's biggest oil producer after Britain, analysts
+point to high interest rates, uncertainty over the future price
+of oil and a weighty current account balance of payments
+deficit as threats to the bourse.
+    Interest rates stand at around 14 pct, while annual
+inflation is 10 pct. The current account balance of payments
+deficit stood at 32.8 billion crowns last year, against a
+surplus of 26.8 billion crowns in 1985.
+    "I'd be very cautious about present stock levels," Chris
+Honnor of London-based brokers Grieveson Grant said.
+    The record-breaking performance last Thursday meant that
+the all-share index had increased by 16 pct from the start of
+1987.
+    On Friday the index leapt another 7.78 points to 333.26.
+But analysts noted this was largely due to much better than
+expected profits in the first quarter from Norsk Hydro,
+Norway's largest diversified corporation.
+    Foreign investors, spurred by the appreciating crown and
+the rise in oil prices, have been more prominent in the market
+this year, although they still trade selectively mainly in
+Norsk Hydro, Norsk Data and a few other top-traded industrials.
+    Earlier this month the government proposed allowing the
+share of foreign ownerhsip permitted in financial institutions
+to rise in a bid to boost competition. Depending on the
+circumstances, the share foreign owners can have will rise from
+10 pct to between 15 and 25 pct.
+    Saga Petroleum, Norway's largest fully private oil company,
+has also said it will seek government permission to boost
+permitted foreign share ownerhsip to 40 pct from the present 20
+pct. Saga shares have registered some of the strongest gains on
+the bourse because of the move, adding more than 60 pct to
+their value so far this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21917" NEWID="17295">
+<DATE>27-APR-1987 08:02:36.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0696&#31;reute
+u f BC-G-7-OFFICIALS-TO-MEET   04-27 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 OFFICIALS TO MEET IN SARDINIA THIS WEEK</TITLE>
+<DATELINE>    ROME, April 27 - </DATELINE><BODY>Representatives of the Group of Seven will
+meet in the Sardinian resort of Porto Cervo from April 30 to
+May 2 to discuss the agenda for the group's Venice summit in
+June, sources close to the Italian Foreign Ministry said.
+    The sources said the meeting would be informal and attended
+by the personal representatives of G-7 leaders.
+    The sources did not comment on reports from Osaka that
+deputy finance ministers would attend the Porto Cervo meeting,
+and said there would be a complete information blackout on the
+gathering.
+    The sources had no comment on statements by Japanese
+officials in Osaka yesterday that the falling dollar would be
+among topics discussed.
+    The Japanese officials had said the meeting, while focusing
+on longer-term issues, would provide senior government
+officials with their first chance to discuss the recent sharp
+drop of the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21918" NEWID="17296">
+<DATE>27-APR-1987 08:15:16.13</DATE>
+<TOPICS><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>australia</D><D>japan</D></PLACES>
+<PEOPLE><D>james-baker</D><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0736&#31;reute
+u f AM-BAKER   04-27 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY'S BAKER CANCELS TRIP TO AUSTRALIA</TITLE>
+<DATELINE>    WASHINGTON, April 27 - </DATELINE><BODY>Treasury Secretary James Baker has
+cancelled a trip to Australia because of pressing business at
+home, including the visit this week by Japanese Prime Minister
+Yasuhiro Nakasone, a Treasury spokesman said.
+    The spokesman, who asked not to be identified, said: "I
+would not draw any conclusion from the cancellation...I would
+just say it's the press of business."
+    But he added that the visit by the Japanese leader was "part
+of the press of business."
+    The spokesman denied the cancellation was linked to the
+current turmoil in the financial markets.
+   
+    Nakasone's visit is expected to be crucial for the currency
+markets. Unless the Japanese prime minister brings with him
+measures to stimulate the Japanese economy by fiscal expansion
+or lower interest rates, the visit is likely to be considered
+by currency markets as an outright failure.
+    In addition, it is thought highly unlikely that Nakasone
+and Reagan will agree on the removal of U.S. trade sanctions
+imposed earlier this month on certain electronic goods.
+    But the participation in the talks by Baker, the
+administration's top policy maker on international economic
+affairs, suggests that hard bargaining between the two sides
+may be in prospect.
+   
+    Asked if the trip by Baker, who was to have left April 30
+and returned May 6, had been dropped in the last couple of
+days, the Treasury spokesman replied: "I would think so."
+    He described the trip as "purely ceremonial."
+    Both Japan and the United States have a lot to lose from an
+unsuccessful outcome to the this week's talks.
+    Tokyo and Washington are aware that nervous currency 
+markets stand ready to bail out of dollars and buy yen, which
+economists fear could send world interest rates soaring and
+even lead to global recession.
+    Baker has been the driving force behind the
+administration's efforts to coordinate international economic
+policies and reduce global trade imbalances.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21919" NEWID="17297">
+<DATE>27-APR-1987 08:16:35.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0746&#31;reute
+r f BC-CHINA-TO-HOST-1989-AD   04-27 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TO HOST 1989 ADB ANNUAL MEETING</TITLE>
+<DATELINE>    OSAKA, April 27 - </DATELINE><BODY>The 22nd annual meeting of the Asian
+Development Bank will be held in Peking in 1989, a senior bank
+official told Reuters.
+    China, which was admitted as the bank's 47th member in
+March 1986, will take a place on the ADB board at the current
+meeting here, he said.
+    Peking's representatives have been attending board meetings
+over the past year as observers with no voting rights, he
+added.
+    He said China, the bank's third-largest shareholder after
+Japan and the United States, will take the seat on the
+12-member board currently occupied by a grouping of Sri Lanka,
+Vietnam, the Maldives, Laos and Afghanistan.
+    He also said the U.S., Whose nominee on the board, Joe O.
+Rogers, resigned in September 1986, has named Victor Frank as
+his replacement.
+    Frank, a private-sector appointee, is awaiting Senate
+approval and will take up his post later this year, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21920" NEWID="17298">
+<DATE>27-APR-1987 08:17:09.02</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0748&#31;reute
+r f BC-U.S.-CONSIDERING-OIL   04-27 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONSIDERING OIL INDUSTRY TAX INCENTIVES</TITLE>
+<DATELINE>    HOUSTON, April 27 - </DATELINE><BODY>The Reagan Administration is
+considering tax incentives to boost oil output and restore
+100,000 jobs, U.S. Energy Secretary John Herrington said.
+    A tax credit for new exploration would be part of a package
+to bring 1,000 idle drilling rigs back into operation and raise
+domestic production by one mln barrels a day, he said.
+    The tax status of exploration might also be changed,
+Herrington told reporters at the World Petroleum Congress.
+    He said the oil industry was experiencing difficult times
+internationally and had been devastated in the United States.
+    Consumer demand and a significant decline in domestic
+production has resulted in a rise in oil imports of one mln
+barrels a day in over the last 16 months, Herrington said.
+    "Steps must be taken...To reverse the downturn in our
+domestic energy industry and to safeguard and increase our
+energy security," he said.
+    The administration is committed to improving marketplace
+conditions and incentives to spur exploration and development.
+    "This commitment includes rejecting quick fix solutions,
+like an oil import fee, which are bad for the United States and
+bad for the world," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21921" NEWID="17299">
+<DATE>27-APR-1987 08:18:43.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0754&#31;reute
+h f BC-G-7-OFFICIALS-TO-MEET   04-27 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 OFFICIALS TO MEET IN SARDINIA THIS WEEK</TITLE>
+<DATELINE>    ROME, April 27 - </DATELINE><BODY>Representatives of the Group of Seven will
+meet in the Sardinian resort of Porto Cervo from April 30 to
+May 2 to discuss the agenda for the group's Venice summit in
+June, sources close to the Italian Foreign Ministry said.
+    The sources said the meeting would be informal and attended
+by the personal representatives of G-7 leaders.
+    The sources did not comment on reports from Osaka that
+deputy finance ministers would attend the Porto Cervo meeting,
+and said there would be a complete information blackout on the
+gathering.
+
+    The sources had no comment on statements by Japanese
+officials in Osaka yesterday that the falling dollar would be
+among topics discussed.
+    The Japanese officials had said the meeting, while focusing
+on longer-term issues, would provide senior government
+officials with their first chance to discuss the recent sharp
+drop of the dollar.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21922" NEWID="17300">
+<DATE>27-APR-1987 08:19:58.38</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>lit</D></TOPICS>
+<PLACES><D>italy</D><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0762&#31;reute
+h f BC-BALLADUR-URGES-ADHERE   04-27 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR URGES ADHERENCE TO G-7 CURRENCY ACCORDS</TITLE>
+<DATELINE>    MILAN, April 27 - </DATELINE><BODY>French Finance Minister Edouard Balladur
+said the Group of Seven major industrial nations, G-7, can
+achieve stable currency values by adhering to accords reached
+this year in Paris and Washington.
+    Balladur, asked at a news conference if coordinated market
+intervention by central banks was sufficient to halt the
+dollar's recent slide, said "each country has to fulfill
+commitments" outlined in the G-7 accords.
+    Earlier this month in Washington, finance ministers of the
+U.S., Japan, West Germany, France, Italy, Britain and Canada
+reaffirmed an earlier Paris accord to arrest the dollar's fall.
+
+    Balladur said the current nervousness in foreign exchange
+markets can be partly attributed to "some operators in the
+market only watching short term economic indicators. You have
+to keep a cool head," he said, declining to elaborate further.
+    In an earlier speech before the Milan Chamber of Commerce,
+the minister said European countries have to seek "a better
+consensus of economic and monetary policies."
+    On the European Monetary System, he said, "The persistent
+vulnerability of the foreign currency mechanism, particularly
+to the movements of the dollar, can be explained by the absence
+of a common policy for currencies of other countries."
+
+    Balladur said, "I am profoundly convinced that the European
+countries have to define together this position with respect to
+the dollar and the yen."
+    He said Italy eventually would have to abandon its higher
+margin of fluctuation within the European Montetary System. "I
+hope that the spectacular improvement of the economic situation
+and of the balance of payments will permit (Italy) to do it
+soon."
+    The lira is currently allowed a fluctuation margin either
+side of its agreed midpoints with other EMS currencies of six
+pct, against 2.25 pct permitted for the other members.
+ 
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21923" NEWID="17301">
+<DATE>27-APR-1987 08:20:24.50</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A
+&#22;&#22;&#1;f0764&#31;reute
+r f BC-JAPAN-STEELMAKERS,-CA   04-27 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN STEELMAKERS, CANADA MINE DISCUSS COAL PRICE</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>&lt;Quintette Coals Ltd> of Canada and
+Japanese steelmakers failed to agree on the Canadian coal base
+price over four years from April 1, but agreed to have another
+round of talks in late May, officials involved said.
+    Japanese firms have asked for the base price to be set at
+44 U.S. Dlrs per tonne (FOB), sharply lower than the 75 to 76
+dlrs of the past four years, they told Reuters. The base price
+is reviewed every four years under the long-term accord.
+    The Canadian mine insisted on maintaining the present
+price, they said.
+    Japanese firms bought 4.75 mln tonnes of Quintette coal in
+1986/87, and plan to buy the same volume in 1987/88 depending
+on the result of the talks, the officials said. They added
+Japan has no plans to withdraw its price cutback request due to
+recent falls in coking coal prices on the world market.
+    Meanwhile &lt;Gregg River Co> of Canada has agreed on a
+Japanese proposal to set a temporary price of 75.80 Canadian
+dlrs on and after May shipment following the failure of the
+1987/88 price talks, they said. Japanese firms plan to buy
+150,000 tonnes of Gregg River coal for May shipment and hold
+another round of talks with Gregg in late May, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21924" NEWID="17302">
+<DATE>27-APR-1987 08:27:25.36</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0796&#31;reute
+r f BC-TOP-EXECUTIVE-OF-PAN   04-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOP EXECUTIVE OF PAN OCEAN SHIPPING CHARGED</TITLE>
+<DATELINE>    SEOUL, April 27 - </DATELINE><BODY>South Korean prosecutors formally charged
+the chief executive of Pan Ocean Shipping Company, the
+country's largest shipping firm, with alleged financial
+offences.
+    A statement from the prosecutors' office said charges of
+illegal capital movement, violation of foreign exchange laws
+and tax evasion were laid against Hahn Sang-yon, president of
+the hugely indebted company whose chairman, Park Ken-sek, fell
+to his death a week ago.
+    Prosecutors said that over the past six years Hahn and Park
+illegally sent abroad more than 15 mln dlrs.
+    The prosecutors said that the two executives used more than
+2.7 mln dlrs of the diverted funds to acquire U.S. Real estate.
+The Office of National Tax Administration has sent banking
+experts to the United States to investigate.
+    Park plunged to his death from his 10th floor office window
+on April 19.
+    Finance Minister Chung In-young last week ordered the
+state-owned Korea Exchange Bank to take over Pan Ocean,
+burdened by debts of more than 1,000 billion won.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21925" NEWID="17303">
+<DATE>27-APR-1987 08:39:29.16</DATE>
+<TOPICS><D>ipi</D><D>inventories</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0849&#31;reute
+h f BC-JAPAN-INDUSTRIAL-PROD   04-27 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN INDUSTRIAL PRODUCTION RISES IN MARCH</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Japan's preliminary industrial production
+index (base 1980) rose 0.7 pct to a seasonally adjusted 122.8
+in March from the previous month, the Ministry of International
+Trade and Industry said.
+    Production had fallen 0.2 in Feburary from a month earlier.
+    The preliminary, unadjusted March index fell 0.2 pct from a
+year earlier after remaining flat in Feburary.
+
+    The adjusted March producers' shipment index (same base)
+fell 0.6 to 117.3 from February. The unadjusted index rose 0.3
+pct from a year earlier.
+    The adjusted March index of producers' inventories of
+finished goods (same base) rose 0.7 pct to 105.4 from Feburary.
+The unadjusted index fell 1.1 pct from a year earlier.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21926" NEWID="17304">
+<DATE>27-APR-1987 08:40:20.43</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0852&#31;reute
+u f BC-NAKASONE-ADVISED-TO-E   04-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE ADVISED TO EXPAND PURCHASES ABROAD</TITLE>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone was
+advised to work out a plan for his government to buy more than
+one billion dlrs worth of foreign industrial products as part
+of efforts to defuse Japan's trade frictions with the United
+States, officials said.
+    Former Foreign Minister Shintaro Abe made the
+recommendation at a meeting with Nakasone soon after returning
+from a U.S. Visit designed to pave the way for the prime
+minister's visit to Washington starting next Wednesday.
+    Abe met President Ronald Reagan and U.S. Congressional
+leaders during his visit.
+    It was not known how Nakasone responded to the suggestion.
+    It also included increasing the nation's untied loans to
+developing countries to between 25 billion and 30 billion dlrs
+over the next three years and giving foreign firms greater
+access to a six billion dlr international airport project in
+western Japan, officials said.
+    Abe called for tax cuts and government funds to be funneled
+into public works projects to stimulate domestic demand. Abe
+spoke of the possibility that Nakasone's visit could coincide
+with the passage of a protectionist trade bill by the U.S.
+House of Representatives.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21927" NEWID="17305">
+<DATE>27-APR-1987 08:43:28.47</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>nakasone</D><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f0861&#31;reute
+r f BC-NAKASONE-TO-MEET-REAG   04-27 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE TO MEET REAGAN AMID TRADE TENSIONS</TITLE>
+<AUTHOR>    By Yuko Nakamikado, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 27 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone,
+beleaguered by political turmoil at home, sets out Wednesday on
+a tough mission to Washington aimed at defusing the most
+serious U.S.-Japanese trade tension in recent memory.
+    Two rounds of talks between President Reagan and Nakasone,
+scheduled for Thursday and Friday, come on the heels of the
+imposition by the United States of punitive tariffs on Japanese
+goods for the first time since World War Two.
+    In the past, bilateral trade friction involving cotton
+goods, steel, television sets, textiles and cars have ended
+with Japan taking on voluntary export curbs.
+    Nakasone's visit could coincide with the passage of a
+protectionist trade bill by the U.S. House of Representatives.
+    A proposed amendment to the bill, drafted by Representative
+Richard Gephardt of Missouri, will mandate a 10 pct annual
+reduction in the trade surpluses of Japan and other nations
+which have large trade gaps with the United States.
+    The United States last year had a record trade deficit of
+169.8 billion dlrs and Japan accounted for about one-third.
+    Foreign Ministry spokesman Yoshifumi Matsuda said recently
+he was reasonably optimistic about the results of talks between
+the two leaders.
+    Top U.S. and Japanese officials have shuttled back and
+forth across the Pacific to lay the groundwork for Nakasone's
+visit. The last of the talks leading up to the main event will
+be in Washington next Wednesday between U.S. Secretary of State
+George Shultz and Foreign Minister Tadashi Kuranari.
+    Nakasone will have an economic package worked out by the
+ruling Liberal Democratic Party (LDP) and by an advisory body
+led by former Bank of Japan Governor Haruo Maekawa.
+    Japan plans to spend over 5,000 billion yen to boost
+domestic demand, increase imports of U.S. products including
+supercomputers and give more help to developing countries,
+government officials said.
+    The government has been making last ditch efforts in time
+for Nakasone's trip to address outstanding bilateral issues,
+officials said.
+    The issues include foreign access to a new Japanese
+overseas telecommunications venture and a six billion dlr
+international airport project in western Japan.
+    Nakasone and his party last week reached a compromise
+accord with opposition parties over a controversial sales tax
+plan in exchange for parliamentary passage by the Lower House
+of a government draft budget for 1987/88.
+    The accord, offered by House Speaker Kenzaburo Hara,
+virtually killed the Nakasone-sponsored plan, but left room for
+future tax reform plans, political analysts said.
+    Nakasone, who led his party to a resounding electoral
+triumph last July, saw his popularity drop because of the sales
+tax.
+    His party suffered setbacks in an Upper House by-election
+and nationwide local elections in the past two months.
+    Mitsuru Uchida, professor of political science at Waseda
+University, told Reuters: "I doubt that whatever Nakasone does
+in Washington -- no matter how good it might be -- would help
+restore his weakened power-base at home."
+    Many analysts said Nakasone might step down after the
+Venice summit of industrialized nations in June.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21928" NEWID="17306">
+<DATE>27-APR-1987 08:46:08.86</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0873&#31;reute
+h f BC-EMS-INTERVENTION-SAID   04-27 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMS INTERVENTION SAID SOMETIMES COUNTERPRODUCTIVE</TITLE>
+<DATELINE>    FRANKFURT, April 27 - </DATELINE><BODY>Attempts to hold currency rates
+rigidly within tight ranges through European Monetary System
+intramarginal intervention can be counterproductive, bringing
+funds into the stronger currency from the weaker at rates still
+considered fairly favourable, the Bundesbank said.
+    "The movements thus sparked can actually promote the weaker
+tendency of a currency, requiring still larger obligatory
+intervention when rates hit band limits," it said in its 1986
+annual report. The other danger was that money supply expansion
+could be caused in the stronger currency nation without its
+central bank being involved in the activity.
+
+    "For this reason, currency levels should be allowed as much
+room for manoeuvre as possible inside the band limits when a
+currency is in a phase of weakness," the Bundesbank said.
+    "In addition, speculative positions are made more expensive
+to hold when interest differentials are increased."
+    In the report, the Bundesbank gave a rare glimpse of the
+extent of intramarginal and obligatory EMS intervention that
+has taken place since the foundation of the eight-currency
+system on March 13, 1979.
+
+    Obligatory intervention is that required by EMS central
+banks when a currency reaches its agreed limit against another
+participating unit.
+    Intramarginal intervention is undertaken on agreement
+between central banks when speculative pressure moves a
+currency in an unwanted direction, although it may not yet be
+near any allowed EMS limits.
+    At the start of this year, central banks were very actively
+selling marks and supporting weaker currencies, primarily the
+French franc, as speculative EMS pressure grew.
+
+    But the announcement by the Bank of France that it was
+ceasing intramarginal intervention sent the franc straight to
+its then-permitted floor of 31.8850 marks per 100.
+    Data in the Bundesbank report showed the EMS central banks
+bought a net total 29.9 billion marks after the April 6, 1986
+realignment until the selling petered out on July 7.
+    But this was far outweighed by net purchases between July
+8, 1986, and the realignment on January 12 this year totalling
+63.0 billion marks - 44.1 billion of which was intramarginal
+and 18.9 billion was obligatory intervention.
+
+    The data showed that 17.4 billion marks of the total
+eventually filtered into the West German monetary system.
+    Since the latest realignment, central banks have bought
+16.1 billion marks in intramarginal intervention, the
+Bundesbank said, without naming the banks involved.
+    Only very high activity after the March 21, 1983
+realignment came close to matching moves up to last January.
+Then, central banks bought a massive 61.6 billion marks in the
+period up to July 1985, mainly to stabilise the EMS as the
+dollar surged.
+    This then turned into mark sales of a net 34.0 billion from
+July 11, 1985 in the run-up to the April 1986 realignment.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21929" NEWID="17307">
+<DATE>27-APR-1987 08:47:37.96</DATE>
+<TOPICS><D>trade</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>tamura</D><D>de-clercq</D><D>yeutter</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F
+&#22;&#22;&#1;f0882&#31;reute
+d f BC-TRADE-MINISTERS-SAY-G   04-27 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRADE MINISTERS SAY GOVERNMENTS NEED CREDIBILITY</TITLE>
+<AUTHOR>    By Eric Hall, Reuters</AUTHOR>
+<DATELINE>    KASHIKOJIMA, Japan, April 27 - </DATELINE><BODY>Four trade ministers ended a
+weekend meeting with a frank confession that their governments
+are losing credibility in world financial markets and will not
+regain it until they back their promises over trade and
+currencies with action.
+    "Until today we have anounced policies, but when it came to
+action required it was done in a way that satisfied nobody,"
+Japanese Trade Minister Hajime Tamura told a news conference.
+    "From now on, if a government comes up with a certain
+policy, it must be followed by action," he said following two
+days of informal talks with the trade ministers of the United
+States, the European Community and Canada in central Japan.
+    Last week, the dollar fell to a new record low below 140
+yen, despite statements from the Group of Seven (G-7) leading
+industrial powers that currencies should be stabilised to
+underpin world trade.
+    "We need credibility to gain confidence. When we have
+confidence, then we can have an impact," said Tamura.
+    His colleagues agreed that when major trade nations fought
+over trade issues while calling for each other to honour free
+trade rules in general, it was not a sight which inspired
+confidence in the markets.
+    "The time has come now to act in step with the talk. If you
+belong to a club, you have to act in concord with the rules, if
+you want to be credible," said EC external trade chief Willy de
+Clercq.
+    Pat Carney of Canada said "We are meeting in a time of great
+trade tension. What the world needs to see is that we have the
+political will to deal with these problems we face."
+    She said that next month's meeting of the Organisation of
+Economic Cooperation and Development and the meeting of leaders
+of the G-7 nations in Venice in the summer would be a forum to
+show this will existed.
+    U.S. Trade Representative Clayton Yeutter reminded the news
+conference that the results of such high level meetings could
+lead to action which would only have an effect on smoothing out
+world trade imbalances perhaps years later.
+    "The media typically has a tendency to evaluate meetings
+like this in terms of tangible results. That is not the way it
+should be pursued," he said.
+    "What is achieved in an intangible way almost always exceeds
+what is achieved in a tangible way," he said.
+    Progress in personal contacts and understanding each
+others' positions and policies was just as important toward
+reducing trade tensions, he said.
+    Tamura read out an agreed summary of the joint talks:
+    Currency stability was now essential, but currency
+movements alone would not correct a U.S. trade deficit with
+Japan which hit 58 billion dlrs last year, an 18 billion dlr EC
+deficit with Japan in 1986, and a Japanese global trade surplus
+of almost 90 billion, he said.
+    Trade retaliation, protectionism, and forcible export
+restraints which lead to a shrinkage in world trade flows were
+most dangerous, he said.
+    The imbalances can only be solved by coordinated policies
+over a whole range of fiscal, monetary, trade and industrial
+measures, and in line with a body of internationally agreed
+rules, he said.
+    In this regard, the policing role of the Geneva-based
+General Agreement on Tariffs and Trade world trade body must be
+strengthened, he said.
+    The ministers reconfirmed their individual promises to
+solve the problem. The United States will try to reduce its
+large budget deficit and restore competitiveness within its
+industries.
+    Japan will introduce early and effective measures to expand
+its domestic growth and rely less on exports.
+    The EC must continue efforts for balanced growth and
+reduced unemployment. All felt satisfied at the new progress in
+the Canadian economy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21930" NEWID="17308">
+<DATE>27-APR-1987 08:50:10.56</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0896&#31;reute
+u f BC-DUTCH-CENTRAL-BANK-IN   04-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH CENTRAL BANK INTERVENES TO SUPPORT DOLLAR</TITLE>
+<DATELINE>    AMSTERDAM, April 27 - </DATELINE><BODY>The Dutch Central Bank intervened
+modestly to support the dollar with spot market transactions,
+dealers said.
+    They said the bank bought dollars against guilders as the
+U.S. Currency dipped to a low of 2.0013 guilders from 2.0130-40
+on opening, the lowest since the end of January.
+    There was no intervention at the fix, however, which put
+the dollar at 2.0045 guilders after 2.0280 last Friday, and
+dealers said the Bank's buying was limited.
+    "I'd be surprised if the Bank had bought as much as 100 mln
+dlrs," one dealer said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21931" NEWID="17309">
+<DATE>27-APR-1987 08:53:01.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f0906&#31;reute
+u f AM-PHILIPPINES-BLAST ***URGENT  04-27 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLAST ROCKS U.S. MILITARY BUILDING IN MANILA</TITLE>
+<DATELINE>    MANILA, April 27 - </DATELINE><BODY>An explosion rocked a building at the
+U.S. military office in Manila but there were no immediate
+reports of casualties, a police spokesman said tonight.
+    He said investigators were still looking into the explosion
+inside the motor pool building of the Joint United States
+Military Assistance Group (JUSMAG) in a Manila suburb.
+    Home-made bombs were thrown into the JUSMAG compound last
+July causing minor damage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21932" NEWID="17310">
+<DATE>27-APR-1987 08:53:52.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0907&#31;reute
+u f BC-INVESTCORP-SIGNS-FOR   04-27 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTCORP SIGNS FOR 75 MLN DLR CREDIT FACILITY</TITLE>
+<DATELINE>    BAHRAIN, April 27 - </DATELINE><BODY>&lt;Arabian Investment Banking Corp EC>
+(Investcorp) signed for a 75 mln dlr revolving credit facility,
+one of the lead managers &lt;Arab Banking Corp>, ABC, said.
+    The facility was first mandated for 50 mln dlrs but was
+increased before syndication to 60 mln when a lead group of six
+banks was formed. Strong demand during syndication led to
+another increase in the final amount to 75 mln dlrs.
+    ABC said the facility, with a final lending syndicate of 32
+banks from 13 countries, is part of Investcorp's strategy to
+develop and diversify its source of funds and reduce its
+borrowing costs.
+    ABC as overall arranger said the facility will be used to
+finance Bahrain-based Investcorp's general corporate funding
+requirements. It can be exercised in three different ways.
+    These are through the issue of euronotes or advances by
+tender, the extension of committed advances by underwriting
+banks, or the issue of contingent obligations from a panel of
+selected banks.
+    The facility has a maturity of three years, with interest
+on committed advances based on utilisation from 17.5 basis
+points over London Interbank Offered Rates for one third to 20
+basis points for two thirds and 22.5 for an amount above that
+level.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21933" NEWID="17311">
+<DATE>27-APR-1987 08:54:37.14</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>itc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0912&#31;reute
+b f BC-TIN-PACT-EXTENDED-FOR   04-27 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIN PACT EXTENDED FOR TWO YEARS</TITLE>
+<DATELINE>    LONDON, April 27 - </DATELINE><BODY>The Sixth International Tin Agreement,
+ITA, has been extended for two years from July 1, 1987, the
+International Tin Council, ITC, said.
+    The extension was formally agreed at a resumed special
+session of the council held here this morning and follows a
+session early this month when the council agreed in principle
+to extend the pact but had to await the formal approval of some
+member governments.
+    The extension will enable the council to continue with its
+statistical work and studies of the tin industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21934" NEWID="17312">
+<DATE>27-APR-1987 09:06:52.84</DATE>
+<TOPICS><D>trade</D><D>alum</D><D>zinc</D><D>pet-chem</D><D>iron-steel</D><D>grain</D><D>wheat</D><D>corn</D><D>cotton</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G M
+&#22;&#22;&#1;f0937&#31;reute
+u f BC-SEOUL-UNVEILS-SHOPPIN   04-27 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEOUL UNVEILS SHOPPING LIST OF U.S. GOODS</TITLE>
+<DATELINE>    SEOUL, April 27 - </DATELINE><BODY>South Korea unveiled a shopping list of
+2.6 billion dlrs of U.S. Goods in line with its new policy of
+seeking to limiting its trade surplus to ease trade friction
+with Washington.
+    The government said this would help freeze this year's
+trade surplus with the United States at the 1986 level.
+    "The surplus, which rose to 7.4 billion dollars last year
+from 4.3 billion in 1985, was projected to top 10 billion this
+year but the government has taken steps to constrain it to the
+seven billion dollar level," one Trade Ministry official told
+Reuters.
+    A government statement said the 2.6 billion dlrs was in
+addition to about two billion dlrs of purchases made last month
+by a South Korean trade mission to the United States.
+    The announcement follows a visit here this week by U.S.
+Commerce Secretary Malcolm Baldrige, who said that if South
+Korea wanted to avoid protectionist retaliation it should not
+falter in its policies to open its market and cut its surplus.
+    The statement said the government, state agencies and other
+public institutions would buy 480 mln dlrs worth of U.S. Cars,
+computers, helicopters, ambulances, motorcycles, medical and
+laboratory equipment and other products. "This amounts includes
+89 mln dlrs worth of purchases which were not originally
+reflected in their budgets," it added.
+    The list includes 1.13 billion dlrs of capital goods, 700
+mln of farm products, 50 mln of aluminium, zinc, polyethylene
+and other raw materials, and 250 mln of steel, electronics and
+shipbuilding parts which would be shifted from other nations.
+    Agriculture Ministry officials said South Korea had already
+bought 310 mln dlrs worth of U.S. Wheat, raw cotton, corn and
+soybeans.
+    This meant the country would buy from the United States
+nearly all of the 1.27 billion dlrs of its planned imports of
+such commodities this year, they said.
+    The government will also take steps to reduce tariffs,
+accelerate the opening of its markets, voluntarily restrain
+exports and cut export financing, the statement said.
+    South Korea will also reorganise the country's 3,600 trade
+agents to deliver better after-sales services for imported
+products and hold a trade show in November for U.S. Products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21935" NEWID="17313">
+<DATE>27-APR-1987 09:09:20.32</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0951&#31;reute
+r f BC-STOLTENBERG-REAFFIRMS   04-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG REAFFIRMS COMMITMENT TO LOUVRE ACCORD</TITLE>
+<DATELINE>    BONN, April 27 - </DATELINE><BODY>Finance Minister Gerhard Stoltenberg
+reaffirmed his commitment to the Louvre accord struck in Paris
+where leading industrialised countries agreed to stabilise the
+dollar around then current levels.
+    He told a congress of West German tax advisers in Hamburg
+the policy agreed in Paris has so far been successful in the
+mark/dollar relationship.
+    "We want to continue it (the policy)," Stoltenberg said.
+According to a text of his remarks released in Bonn, he also
+said trade tensions in specific branches had to be overcome and
+he warned against any return to protectionism.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21936" NEWID="17314">
+<DATE>27-APR-1987 09:09:40.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D><D>france</D><D>sweden</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0954&#31;reute
+d f BC-BALLADUR-DEFENDS-CGCT   04-27 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR DEFENDS CGCT DECISION ON ERICSSON</TITLE>
+<DATELINE>    MILAN, April 27 - </DATELINE><BODY>French Finance Minister Edouard Balladur
+said the government awarded control of &lt;Compagnie Generale de
+Constructions Telephonques> (CGCT) to a consortium headed by
+Sweden's AB LM Ericsson &lt;ERIC.ST> last week because its
+proposal was "judged technically sound and valid."
+    Balladur, responding to a question following a speech
+before the Milan Chamber of Commerce, said the successful bid
+by Ericsson and French partners Matra &lt;MATR.PA> and &lt;Banque
+Indosuez> was "well organised and equipment will be readily
+available." He did not comment further.
+    CGCT has 16 pct of France's telephone switching market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21937" NEWID="17315">
+<DATE>27-APR-1987 09:22:45.97</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0994&#31;reute
+r f BC-stelco,-uswa-reach   04-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STELCO &lt;STEA.TO>, USWA REACH CONTRACT SETTLEMENT</TITLE>
+<DATELINE>    TORONTO, April 27 - </DATELINE><BODY>Stelco Inc said contract negotiations
+with United Steelworkers of America concluded in a memorandum
+of settlement for a new three-year collective agreement
+covering about 12,000 workers at 15 of Stelco's plants.
+    Further terms of the new agreement were not immediately
+disclosed.
+    The company said early negotiations began March 2, 1987 in
+order to reach a new contract well before the July 31, 1987
+expiry of the existing contract.
+    It said the new contract was endorsed by negotiating
+committees of all union locals representing Stelco workers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21938" NEWID="17316">
+<DATE>27-APR-1987 09:32:02.19</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1021&#31;reute
+r f BC-TAIWAN-CRITICISED-FOR   04-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN CRITICISED FOR AMOUNT OF DOLLAR HOLDINGS</TITLE>
+<DATELINE>    TAIPEI, April 27 - </DATELINE><BODY>About 20 members of the Taiwan
+parliament criticised the government for holding too much of
+foreign exchange reserves in U.S. Dollars and asked the cabinet
+to diversify these holdings into other major currencies.
+    A parliament statement said the criticism came from 18
+Kuomintang (nationalist) legislators and several opposition
+members, who asked the government to diversify reserves into
+mark, yen, Swiss franc, other currencies or gold.
+    It said that from September 1985 to September 1986 the
+central bank's exchange rate loss was about 144 billion Taiwan
+dlrs.
+    Fourteen local banks lost 12.6 billion Taiwan dlrs during
+the period, it said.
+    In the same time span the Taiwan dollar rose to 36.77 to
+the U.S. Currency from 40.45. It closed at 33.17 today.
+    The statement said the central bank's loss this year would
+more than double because of the rising Taiwan dollar and
+reserves, which had reached 54 billion U.S. Dlrs last week.
+    Government legislators said they expected the reserves to
+increase to more than 60 billion U.S. Dlrs this year and the
+trade surplus to increase by about 15 billion U.S. Dlrs,
+compared with 15.6 billion last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21939" NEWID="17317">
+<DATE>27-APR-1987 09:34:23.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1031&#31;reute
+d f BC-HUNTINGDON-&lt;HRCLY.O>   04-27 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNTINGDON &lt;HRCLY.O> IN ACQUISITION TALKS</TITLE>
+<DATELINE>    NEW YORK, April 27 - </DATELINE><BODY>Huntingdon International Holdings plc
+said it has entered into discussions with a view to acquiring
+Northern Engineering and Testing Inc, a company based mainly in
+the northwestern United States.
+    The company said Northern Engineering had sales of
+approximately 6.5 mln dlrs in the year ended March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21940" NEWID="17318">
+<DATE>27-APR-1987 09:44:52.36</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1068&#31;reute
+h f BC-TOWNSEND-FERRY-INQUIR   04-27 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOWNSEND FERRY INQUIRY TOLD BOW DOORS TO BLAME</TITLE>
+<DATELINE>    LONDON, April 27 - </DATELINE><BODY>The Zeebrugge ferry disaster, in which
+around 200 people drowned seven weeks ago, was almost certainly
+caused by the ship leaving port with its bow doors wide open, a
+British government inquiry was told.
+    Lawyer David Steel, representing the government, told the
+opening session of a public inquiry into the March 6 tragedy
+that this was "the only tenable explanation."
+    The ferry, the Herald of Free Enterprise, is owned by
+Townsend Thoresen, part of P and O's &lt;PORL.L> subsidiary
+European Ferries Group.
+    Steel, commissioner of wrecks for England and Wales, said
+the inquiry would probably conclude that the ferry capsized in
+calm seas and fair weather a mile outside the Belgian port when
+water poured into the car deck.
+    "We think you will also conclude that the immediate cause of
+that was that the doors were open, he said.
+    Steel told the tribunal it appeared no attempt was made to
+close either the inner or outer bow doors prior to what should
+have been a routine voyage to the English port of Dover,
+despite a provision in the ship's "Stability Booklet" that the
+doors were to be closed and kept closed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21941" NEWID="17319">
+<DATE>27-APR-1987 09:47:10.87</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1076&#31;reute
+u f BC-slaughter-guesstimate   04-27 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, April 27 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 275,000 to 285,000 head versus
+157,000 week ago and 305,000 a year ago.
+    Cattle slaughter is guesstimated at about 120,000 to
+126,000 head versus 109,000 week ago and 133,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21942" NEWID="17320">
+<DATE>27-APR-1987 09:50:27.58</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1082&#31;reute
+b f BC-/WHITE-HOUSE-DECLINES   04-27 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE DECLINES COMMENT ON DOLLAR'S SLIDE</TITLE>
+<DATELINE>    WASHINGTON, April 27 - </DATELINE><BODY>White House spokesman Marlin
+Fitzwater declined to comment on the continuing slide of the
+dollar against the Japanese yen, but said Treasury Secretary
+James Baker was watching developments.
+    "Jim Baker is monitoring that at the Treasury Department,
+but at this point we don't have any comment to make on the
+dollar," Fitzwater told reporters.
+    He was asked at a briefing whether the White House was
+concerned about the continuing decline in the dollar's value.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21943" NEWID="17321">
+<DATE>27-APR-1987 09:52:08.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1086&#31;reute
+b f BC--debt   04-27 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER ASKS FAST ACTION ON DEBT BILL</TITLE>
+<DATELINE>   WASHINGTON, April 27 - </DATELINE><BODY>Treasury Secretary James Baker is
+urging Congress to pass legislation promptly to raise the
+ceiling on U.S. debt the United States can borrow, Senate
+majority leader Robert Byrd said.
+    Byrd told reporters Baker visited him late Friday to urge
+Congress not to add time-delaying amendments to the debt
+ceiling bill that Congress must pass before May 15. Byrd, a
+Democrat, said he agrees but said others may want amendments.
+    The current ceiling of 2.3 trillion (2,300 billion) dlrs
+drops on May 15 to 2.1 trillion dlrs, a level considered too
+low for U.S. borrowing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21944" NEWID="17322">
+<DATE>27-APR-1987 09:59:44.27</DATE>
+<TOPICS><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1102&#31;reute
+r f BC-BANKER-SEES-CURRENCY   04-27 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKER SEES CURRENCY FALLING TO BALANCE TRADE</TITLE>
+<DATELINE>    BOCA RATON, Fla., April 27 - </DATELINE><BODY>A leading regional banker said
+that it was axiomatic that despite market intervention, a
+country's currency will eventually fall to an exchange rate
+which balances its international trade and payments accounts.
+    John Medlin, president and chief executive officer for the
+First Wachovia Corp, said that "substantial and rapid currency
+devaluations usually are followed in time by surging price
+inflation, spiralling interest rates and painful economic
+austerity."
+    Speaking to a banking trade group, he also said the peak of
+debt writeoff has not yet been reached.
+    Medlin told the Bankers Association for Foreign Trade that
+ultimately "our nation's budget and trade deficits will be
+balanced either through voluntary restraints in spending and
+consumption or through forced austerity imposed by a
+dispassionate and unmerciful international market place."
+    He said the continuing weakness of the dollar and the
+recent increase in inflation and interest rates "provide early
+warning that the classic laws of international economics still
+are in effect."
+    He also told the association that trying to reduce the
+trade deficit by erecting protectionist barriers to imports
+would not give lasting relief.
+    "However, the imposition and enforcement of fair trade
+rules could help improve imbalances with nations which practice
+protectionism and deception on us."
+    Medlin noted that the U.S. economy was likely to continue
+"at best being a sluggish mixture of depressed segments and
+growth areas."
+    But he said that the business cycle was still alive and
+that the next downturn "could be deeper and harder to reverse
+than the last one."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21945" NEWID="17323">
+<DATE>27-APR-1987 10:07:30.73</DATE>
+<TOPICS><D>grain</D><D>acq</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1131&#31;reute
+d f BC-CONAGRA-TAKES-OVER-WE   04-27 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONAGRA TAKES OVER WEST GERMAN TRADE HOUSE</TITLE>
+<DATELINE>    BREMEN, April 27 - </DATELINE><BODY>One of West Germany's major feedstuff
+and grain traders, Kurt A. Becher GmbH and Co KG, said ConAgra
+Inc of the U.S. Was taking it over, effective June 1.
+    Becher said ConAgra, which already owns 50 pct of the trade
+house, would take over the remaining 50 pct from the Becher
+family. Further details were not immediately available.
+    ConAgra, based in Omaha, Nebraska, is a foodstuff company
+and has access to world markets through its agricultural trade
+subsidiary, ConAgra International.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21946" NEWID="17324">
+<DATE>27-APR-1987 10:15:31.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1161&#31;reute
+u f BC-northern-telecom   04-27 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHERN TELECOM &lt;NT> U.S. UNIT SETS NEW GROUP</TITLE>
+<DATELINE>    TORONTO, April 27 - </DATELINE><BODY>Northern Telecom Ltd's U.S. unit will
+announce a reorganization today to form a new division focusing
+on sales and servicing of data communications equipment,
+spokesman Richard Lowe said.
+    The new division, called data communications and networks,
+will be formed effective May 1 and will market, sell and
+service data communications equipment, Lowe said from Northern
+Telecom Inc's Nashville, Tenn. headquarters.
+    The group will include the company's sales to the U.S.
+federal government and U.S. military, he said.
+    The U.S. unit's new division will also concentrate on sales
+to large end user customers who have a variety of equipment
+combined in one network, as well as data packet switching
+business for either public or private networks, Northern
+Telecom spokesman Lowe said.
+    Lowe said the company anticipates revenues from the new
+operating group will be about 350 mln dlrs in 1987, increasing
+to about one billion dlrs in five years.
+    "Raising this to a group level within the company
+demonstrates the importance we see in this marketplace and the
+rapid growth that could occur there," Lowe said.
+    Lowe said the business of the new group was previously part
+of Northern Telecom Inc's Dallas-based private branch exchange
+division.
+    Northern Telecom Inc accounted for about 65 pct of parent
+company Northern Telecom Ltd's 1986 revenues of 4.38 billion
+dlrs.
+    Northern Telecom, North America's second largest
+telecommunications equipment designer and manufacturer, is 52
+pct owned by Bell Canada Enterprises Inc &lt;BCE>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21947" NEWID="17325">
+<DATE>27-APR-1987 10:18:34.80</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1175&#31;reute
+b f BC-/PRESSURE-GROWS-FOR-U   04-27 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESSURE GROWS FOR U.S. ACTION TO AID DOLLAR</TITLE>
+<AUTHOR>    by Jeremy Solomons, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 27 - </DATELINE><BODY>Pressure is growing in the financial
+markets for the U.S. to take overt action to stabilize the
+dollar even though doubts linger that it has fallen far enough
+to help redress world trade imbalances, economists and dealers
+said.
+    Some experts believe that a half-point increase in the U.S.
+discount rate, preferably in conjunction with rate cuts in
+Tokyo and Bonn, would be enough to discourage sellers.
+    But many fear that more drastic action, such as a U.S.
+issue of yen-denominated Treasury bonds, may be needed.
+    Despite official warnings about the dangers of a further
+dollar decline and concerted central bank intervention, the
+dollar extended its recent sharp depreciation, touching a
+40-year low of 137.25 yen in Tokyo earlier today after closing
+here on Friday at 139.30/40.
+    The impact on other financial markets was devastating.
+    In Tokyo, the stock market suffered its largest single day
+decline; in London, gold bullion prices rose to four-year highs
+and in the U.S., long Treasury bond yields surged above 8.80
+pct and the Dow Jones Industrial Average fell more than 40
+points in hectic early trading.
+    "The problem now is linkage. This is not just a currency
+problem. It is affecting all the markets," said one senior
+trader at a major U.S. bank.
+    Up until September of last year, international efforts to
+redress world trade imbalances appeared to working like a
+dream; the dollar was falling in an orderly manner, world
+interest rates were tumbling and inflation was kept in check.
+    In recent months, however, this strategy has begun to show
+signs of severe stress, with the U.S. imposition of punitive
+tariffs on Japan threatening to unravel this spirit of
+cooperating and condemn the world to a damaging trade war.
+    "The markets fear that we have built up a momentum that is
+really difficult to stop. A U.S. rate hike has become an
+inevitability," one currency dealer said.
+    "At this point, nothing short of a Fed discount rate
+increase, ideally combined with further discount rate cuts by
+Japan and Germany, would seem capable of stabilizing the
+dollar," said David Jones of Aubrey G. Lanston and Co Inc.
+    Allen Sinai of Shearson Lehman Brothers Inc predicted a 1/4
+to 1/2 point U.S. rate increase before May 19 and a rise in
+U.S. bank prime lending rates to eight pct from 7-3/4 pct in
+the near future.
+    But many economists feared that any moderate U.S. rate
+increases, which appear unlikely to be matched by rate cuts
+overseas, would be too little, too late.
+    "They should have done this 10 days ago. It would have done
+the trick then," said one currency analyst.
+    "If they do it now, it would be seen as a defensive measure
+not an offensive one. It would show policy weakness not
+strength," added one trader.
+    In addition, economists fear that a discount rate rise
+might place additional strain on a sluggish U.S. economy and
+tempt embattled debtor nations to retaliate.
+    A U.S. discount rate increase would also fuel the
+protectionist fires in Washington, where the House is expected
+to pass a protectionist trade bill, whatever compromises
+President Reagan and Prime Minister Nakasone can come up with
+during their summit later in the week.
+    "Politically, they can't really do it this week," said one
+currency analyst, pointing out that if it failed to stabilize
+the dollar, it would only weaken the U.S. negotiating stance.
+    Even if the U.S. retains the upper hand, economists and
+traders do not hold out high hopes for any major new
+initiatives from this week's talks.
+    At best, the experts see some sort of accord whereby Japan
+will agree to stimulate growth and open its domestic markets to
+outsiders while the U.S. promises to lift its tariffs and
+support the Group of Seven dollar stabilization agreement.
+    But many fear that this may not be enough to assuage the
+market's speculative selling fervor, which has now raised fears
+of weak overseas interest at next week's quarterly U.S.
+Treasury refunding program.
+    Japanese and European investors have traditionally played
+an active role in these auctions, which are expected to total
+28 to 29 billion dlrs.
+    Consequently, thoughts are turning to the possibility that
+President Reagan may try to remove foreign investors' worries
+about currency risk by financing part of the U.S. budget
+deficit in yen or mark bonds, rather than dollars.
+    While similar action by former President Carter helped to
+stabilize the dollar in 1978, the White House is clearly
+reluctant to take such a step, economists said.
+    This hesitance was amply shown last Friday when U.S.
+Treasury Secretary James Baker said, "there might well be some
+who would view (yen-denominated bonds) as a lack of confidence
+by the U.S. in its own currency."
+    Baker added, "therefore we don't think it's an appropriate
+thing to do."
+    A foreign exchange analyst at a major Japanese bank here
+shared Baker's doubts. "Dollar defending measures are very
+unlikely. They will confirm the dollar's weak undertone and
+lead to further speculative dollar selling," he said.
+    Thus, it may be less destabilizing for the authorities to
+stop trying to fight the market's bearish sentiment.
+    In a recent lengthy report, economists at Morgan Guaranty
+Trust Co concluded, "the dollar should be left free to trade at
+whatever level market forces produce."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21948" NEWID="17326">
+<DATE>27-APR-1987 10:20:08.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1185&#31;reute
+r f BC-ITT-CORP-&lt;ITT>-CONFID   04-27 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITT CORP &lt;ITT> CONFIDENT ABOUT FISCAL 1987</TITLE>
+<DATELINE>    NEW YORK, April 27 - </DATELINE><BODY>ITT Corp said first quarter results,
+reported earlier, were substantially ahead of budget and added
+it is confident of a continued improvement by all divisions in
+the remainder of the year.
+    The company said the natural resources division more than
+doubled its contribution from the year ago quarter while the
+diversified services business reported strong operating results
+due to continued improvement in the domestic casualty business
+at The Hartford.
+    It said the operationg performance of the industrial and
+defense technology business was above expectations but below
+the year ago result.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21949" NEWID="17327">
+<DATE>27-APR-1987 10:22:14.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1198&#31;reute
+u f BC-DU-PONT-&lt;DD>-NET-DOWN   04-27 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DU PONT &lt;DD> NET DOWN ON OIL EARNINGS DECLINE</TITLE>
+<DATELINE>    WILMAINGTON, Del., April 27 - </DATELINE><BODY>Du Pont Co, reporting lower
+first quarter profits, said a drop in energy earnings was only
+partially offset by surging chemical and specialty products.
+    Du Pont earned 391 mln dlrs, or 1.62 dlrs a share, in the
+latest quarter, down from 404 mln, or 1.67 dlrs a share, in
+1986's initial quarter.
+    It had sales of 7.13 billion dlrs, down from 7.17 billion
+last year and total revenues of 7.20 billion dlrs down from
+7.29 billion dlrs.
+    Du Pont said after-tax operating income for its chemical
+and specialty products businesses totaled 393 mln dlrs in the
+latest quarter, rising 55 pct from last year's first quarter
+due to improved results from most businesses, notably fibers,
+white pigments and specialty polymers.
+    Results benefited from improved worldwide demand and lower
+costs attributable to lower energy feedstock prices, earlier
+restructurings, and efforts to improve productivity.
+    It said sales of these businesses were up eight pct to 4.2
+billion dlrs on a sales volume increase of five pct and three
+pct higher average prices, reflecting a weaker dollar.
+    Du Pont said after-tax operating income from the petroleum
+segments dropped 64 pct from a year ago to 55 mln dlrs in the
+latest quarter.
+    These results reflect lower refined petroleum product
+margins and lower worldwide crude oil and domestic natural gas
+prices. Coal earnings were down 27 pct on lower prices.
+    The company said it anticipates continued strong results
+from chemicals and specialty products as worldwide demand
+remains high. Improvement in petroleum will require flat or
+improved crude oil prices and improved refined product margins.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21950" NEWID="17328">
+<DATE>27-APR-1987 10:28:14.37</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1216&#31;reute
+b f BC-FRENCH-MARCH-UNEMPLOY   04-27 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH MARCH UNEMPLOYMENT RISES TO RECORD 11.1 PCT</TITLE>
+<DATELINE>    PARIS, April 27 - </DATELINE><BODY>France's seasonally adjusted unemployment
+rate rose to a record 11.1 pct of the workforce at end-March
+compared with 11 pct at end-February, the National Statistics
+Institute (INSEE) said.
+    The total number of unemployed edged up to 2.67 mln at
+end-March from 2.65 mln at end-February, an INSEE spokeswoman
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21951" NEWID="17329">
+<DATE>27-APR-1987 10:35:02.45</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f1245&#31;reute
+b f BC-/EXXON-&lt;XON>-SEES-DRO   04-27 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> SEES DROP IN NEW OIL DISCOVERIES</TITLE>
+<DATELINE>    HOUSTON, April 27 - </DATELINE><BODY>Exxon Corp chairman Lawrence Rawl said
+total world energy consumption will continue to grow, but added
+new oil discoveries worldwide are slowing down and can not
+offset annual production.
+    In a speech at the World Petroleum Congress here, Rawl said
+oil companies would increasingly be forced to turn to enhanced
+recovery techniques, very heavy oil and synthetics to
+compensate for substantial declines in conventional oil
+production.
+    "What our current outlook suggests is that total world
+energy consumption will continue to grow steadily in an ever
+more energy efficient world," Rawl said. But, he added, Exxon
+projects that "despite today's ample supplies, the world will
+also be facing up to inherent limitations on the availability
+of oil and gas, which currently supplies more than half of the
+world's energy needs."
+    The Exxon chairman told some 1,500 oil executives from
+around the world that some synthetics projects could become
+practical when oil reaches 30 dlrs to 40 dlrs a barrel range in
+real terms.
+    "The question is when and how this will happen," he said.
+"I believe that synthetic projects will not only re-emerge but
+will become commercial well below those we were thinking about
+the last time oil prices moved substantially higher."
+    Rawl said synthetic fuel would become economic at lower
+prices because companies are investigating "a new generation of
+ideas that promise substantially lower costs" and projects
+begun in the late 1970s, which have since been suspended.
+    Rawl also said companies must find new and more effective
+ways of enhanced recovery from existing oil fields.
+    "It would be my view that new oil discoveries, even with
+advanced technology, are likely to slow down - not reverse -
+the decline in worldwide oil discoveries," he said. "So it is
+essential to find a better way to recover more of the
+discovered oil from producing fields using chemicals, solvents,
+heat, and other techniques."
+    Rawl emphasized that private oil companies need some
+assistance from government in developing synfuels technology.
+"More importantly, they need to provide a political and
+economic environment that is stable enough to allow the
+developmental process to function effectively, he said.
+    Rawl also said stable energy markets serve the best
+interest of producing and consuming nations by allowing both
+groups to plan for steady economic growth.
+    He did not make any oil price prediction, saying only that
+the economic goals of the U.S. and other nations can only be
+achieved if world oil prices "stabilize within a reasonable
+range."
+    "Prices must be high enough to meet realistic aspirations
+for income and encourage resource development in the producing
+countries, but not so high as to inhibit economic growth in
+consuming nations," he said.
+    The Exxon chairman also criticized "the occasional attempt
+of consuming nations to try to control domestic oil prices,
+calling such protectionist measures disruptive to the world oil
+market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21952" NEWID="17330">
+<DATE>27-APR-1987 10:36:12.75</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>france</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1255&#31;reute
+b f BC-FRENCH-PRODUCERS-WITH   04-27 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH PRODUCERS WITHDRAW SUGAR FROM INTERVENTION</TITLE>
+<DATELINE>    BRUSSELS, April 27 - </DATELINE><BODY>French producers have withdrawn all
+offers to sell more than 700,000 tonnes of sugar into European
+Community intervention stocks, EC Commission sources said.
+    They also said West German producers had now withdrawn the
+last 3,000 of the 79,250 tonnes they sold into EC stores on
+April 1.
+    The sales were made to protest against the level of export
+restitutions being granted for sugar at weekly EC tenders.
+    Last Friday, commission sources said the West German
+producers had withdrawn all but 3,000 tonnes of their sales.
+    The protest by European producers involved sales of 854,000
+tonnes of sugar into intervention, of which 785,000 tonnes were
+accepted by the commission.
+    Under EC regulations, operators had five weeks before
+receiving payment to withdraw the sugar.
+    Their decision to withdraw the sugar follows what
+commission sources have said is a slight shift in the
+authority's stance in recent weeks. The commission last week
+increased the maximum restitutions to within about 0.5 Ecus per
+kilo of the prices which traders claim are needed to match
+intervention prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21953" NEWID="17331">
+<DATE>27-APR-1987 10:36:51.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1260&#31;reute
+r f BC-BRUNSWICK-&lt;BC>-NET-GA   04-27 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRUNSWICK &lt;BC> NET GAINS DESPITE CHARGE</TITLE>
+<DATELINE>    SKOKIE, April 27 - </DATELINE><BODY>Brunswick Corp said its first-quarter
+sales and profits hit records despite an after-tax charge of
+about 10 mln dlrs from its new boat-building units.
+    The 10 mln dlrs charge, or 22 cts a share, was for
+amortization of intangible assets at Bayliner and Sea Ray, two
+boatmakers acquired in December, a spokesman told Reuters.
+    Earlier it said net profits for the period were 34.7 mln or
+78 cts a share versus 23.8 mln or 57 cts a share a year ago.
+Its Mercury unit's first-quarter sales increased 26 pct and
+operating earnings rose 19 pct, while its industrial products
+unit operated at a slight loss, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21954" NEWID="17332">
+<DATE>27-APR-1987 10:40:56.39</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1281&#31;reute
+u f BC-/CCC-ADJUSTS-PIK-DIFF   04-27 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ADJUSTS PIK DIFFERENTIALS FOR GULF CORN</TITLE>
+<DATELINE>    CHICAGO, April 27 - </DATELINE><BODY>The Commodity Credit Corporation late
+Friday readjusted county price differentials for PIK corn
+redemptions traded off the Louisiana Gulf, according to a CCC
+spokesman at the Kansas City Agricultural Stabilization and
+Conservation Service, ASCS, office.
+    He said the adjusted differentials supersede the
+adjustments made March 30. They represent an increase over the
+original differentials but are lower than the differential
+adjustments recently made.
+    For differentials of five to 15 cents, CCC added one cent.
+For 16-25 cents add two cents, for 26-35 cts add three cts, for
+36-45 cts add four cts and for 46-55 cts add five cts.
+    The recent drop in barge freight rates prompted the
+adjustments, the source said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21955" NEWID="17333">
+<DATE>27-APR-1987 10:41:33.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1287&#31;reute
+r f BC-CHEVRON-SELLS-THREE-N   04-27 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEVRON SELLS THREE NORTH SEA INTERESTS</TITLE>
+<DATELINE>    LONDON, April 27 - </DATELINE><BODY>Chevron Corp's &lt;CHV> &lt;Chevron Petroleum
+(U.K.) Ltd> said it sold interests in two North Sea blocks and
+part of a third block to &lt;Midland and Scottish Resources Ltd>.
+    The two firms said they have signed an agreement which
+transfers Chevron's interests, comprising 29.41 pct in block
+2/10b under licence p326, 29.41 pct in block 2/15a under
+licence p327 and part of block 2/10a under licence p234.
+    The part of block 2/10a which is being sold covers
+Chevron's interest in the Emerald accumulation, discovered by
+the company in 1978. Chevron is retaining its 25 pct interest
+in the remainder of block 2/10a and in block 3/28a under
+licence p234.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21956" NEWID="17334">
+<DATE>27-APR-1987 10:42:25.35</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1292&#31;reute
+d f BC-HIGH-COURT-REFUSES-TO   04-27 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COURT REFUSES TO DISMISS ADM-NABISCO SUIT</TITLE>
+<DATELINE>    WASHINGTON, April 27 - </DATELINE><BODY>The Supreme Court refused to dismiss
+a Justice Department civil suit charging Archer Daniels Midland
+Co, ADM, and Nabisco Brands Inc with violating the antitrust
+laws.
+    The high court let stand lower court rulings that rejected
+the motion by the two companies seeking dismissal of the suit.
+    The suit challenged the 1982 agreement by Nabisco to lease
+both of its high fructose corn syrup, HFCS, plants to ADM.
+    The department said that before 1982 ADM was the second
+largest U.S. producer of HFCS while Nabisco ranked third. The
+deal made ADM the nation's largest producer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21957" NEWID="17335">
+<DATE>27-APR-1987 10:43:31.44</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1296&#31;reute
+b f BC-/REAGAN-HOPES-TO-LIFT   04-27 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN HOPES TO LIFT JAPAN SANCTIONS SOON</TITLE>
+<DATELINE>    WASHINGTON, April 27 - </DATELINE><BODY>President Reagan said he hoped the
+United States could lift trade sanctions against Japan soon.
+    But he said the United States would do what is necessary to
+see that other nations lived up to their trade agreements.
+    In a speech prepared for delivery to the U.S. Chamber of
+Commerce, he said, "I hope that, before long, we can lift these
+(Japanese trade sanctions) and that this episode will be
+recorded as a small incident in the building of our
+relationship."
+    But, Reagan added, "we will do what is necessary to see that
+other nations live up to their obligations and trading
+agreements with us. Trade must be free. It must also be fair."
+    Reagan said the decision to impose 100 pct tariffs on 300
+mln dlrs worth of electronic exports to the United States sent
+a message it was time to complete a U.S.-Japan "trade bridge."
+  "The final answer to the trade problems between America and
+Japan is not more hemming and hawing, not more trade sanctions,
+not more voluntary restraint agreements - though these may be
+needed as steps along the way - and certainly not more
+unfulfilled agreements," he said.
+    Reagan said the answer was genuinely fair and open markets
+on both sides of the Pacific - "and the sooner, the better."
+    Reagan said the administration's tools for dealing with
+unfair trade practices met the need for both firmness and
+finesse.
+    He said trade legislation pending in Congress would be
+dangerous because it would force the administration to use "a
+steamroller against unfair practices every time, no matter
+whether the steamroller would open the trade doors or flatten
+the entire house," he said.
+    Reagan said that ending every unfair trade practice in
+Japan would cut the U.S. trade deficit by only about 10 pct.
+    "If our trade deficit is to come down, more must be done --
+and is being done," he said.
+    "The change in the dollar's value is part of it, and since
+the middle of last year, the actual volume of our exports had
+been on the rise," he said.
+    He also said he believed America's trading partners should
+cut taxes and regulations, as the United States had done, so
+that they could create jobs and buy more goods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21958" NEWID="17336">
+<DATE>27-APR-1987 10:45:47.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1306&#31;reute
+r f BC-NCR-&lt;NCR>-SLASHES-PRI   04-27 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NCR &lt;NCR> SLASHES PRICES ON PERSONAL COMPUTERS</TITLE>
+<DATELINE>    DAYTON, Ohio, April 27 - </DATELINE><BODY>NCR Corp said it cut prices on its
+personal computers, the 80286-based PC8 and 8088-based PC6
+models, by 10 pct to 21 pct effective immediately, to maintain
+a competitive position on pricing.
+    NCR said prices of its high-end PC8 models have been cut by
+10 pct to 13 pct and by 10 pct in its PC8 model designed to
+compete with 286-based XT-level PCs. It also reduced the list
+price of its PC6 model configured with 256 RAM and 360 K flex
+drive, along with other products in the line.
+    NCR also said it reduced the price of its 64MB fixed disk
+drive to 2,995 dlrs from 3,595 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21959" NEWID="17337">
+<DATE>27-APR-1987 10:49:30.03</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G M
+&#22;&#22;&#1;f1325&#31;reute
+d f BC-SOY-PLANTS-MIGHT-BE-U   04-27 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOY PLANTS MIGHT BE USED TO DRAW CADMIUM FROM SOIL</TITLE>
+<DATELINE>    ROTTERDAM, April 27 - </DATELINE><BODY>Effective extraction of the toxic
+metal cadmium from soil may at last be feasible using soybean
+plants, research in the Netherlands by a Belgian-based
+environment group shows.
+    Cadmium, naturally drawn up by plants and passed on to
+consumers, has been shown to produce kidney damage and
+resulting calcium loss as well as causing high blood pressure
+and cancers, a spokesman for the Ecological Life and
+Cultivation (VELT) said.
+    Three years of experiments by the organization showed
+soybean plants extracted up to 16 pct of soil-borne cadmium,
+which went into the leaves and not into the beans themselves.
+    Cadmium is present in the soil because of emissions in the
+past by factories producing non-ferrous metals, the spokesman
+said.
+    "Although many of these factories are now using far safer
+methods of manufacture, the cadmium is already in the soil and
+until now there has been no way to get rid of it," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21960" NEWID="17338">
+<DATE>27-APR-1987 10:56:15.68</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1357&#31;reute
+r f BC-EC-TO-BEGIN-TALKS-ON   04-27 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC TO BEGIN TALKS ON ECONOMIC PACT WITH HUNGARY</TITLE>
+<DATELINE>    LUXEMBOURG, April 27 - </DATELINE><BODY>European Community foreign ministers
+agreed to formal talks on signing an economic pact with
+Hungary, in a move which could clear the way towards
+establishing EC diplomatic ties with Budapest, EC officials
+said.
+    They said Community foreign ministers agreed to mandate the
+EC executive Commission to open talks on a cooperation pact
+which would boost trade and economic ties with Hungary.
+    Earlier this year, Hungarian Deputy Prime Minister Jozsef
+Marjai said Hungary might be willing to normalise relations
+with the Community in exchange for such a deal, according to EC
+officials. No date has been fixed for opening the talks.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21961" NEWID="17339">
+<DATE>27-APR-1987 10:59:16.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1370&#31;reute
+r f BC-CRANE-&lt;CR>-SHAREHOLDE   04-27 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRANE &lt;CR> SHAREHOLDERS APPROVE 3-FOR-2 SPLIT</TITLE>
+<DATELINE>    NEW YORK, April 27 - </DATELINE><BODY>Crane Co said shareholders at its
+annual meeting approved a three-for-two stock split of its
+common to shareholders of record May seven. Crane said the
+additional shares will be issued on or about May 21.
+    It said the number of common shares outstanding will
+increase to 23.7 mln from 15.8 mln.
+    Crane also said shareholder's approved an increase in the
+company's common to 80 mln from 40 mln and authorized five mln
+shares of preferred stock with a par value of one ct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21962" NEWID="17340">
+<DATE>27-APR-1987 10:59:47.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1371&#31;reute
+r f BC-NATL-BUSINESS-&lt;NBSIF>   04-27 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATL BUSINESS &lt;NBSIF> SUBSIDIARY IN BUYOUT</TITLE>
+<DATELINE>    TORONTO, April 27 - </DATELINE><BODY>National Business Systems Inc said its
+Transact Data Services Inc subsidiary agreed to acquire Access
+ATM Network Inc &lt;ATM.TO>'s 1.6 mln outstanding shares for 1.6
+mln dlrs cash.
+    The company said the deal was conditional on Access
+completing the previously announced sale of its automated
+teller machine assets to unidentified buyers and approval by
+Access shareholders. Closing is expected in May, it said.
+    National Business said Transact Data planned to amalgamate
+Access's software and switching capability operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21963" NEWID="17341">
+<DATE>27-APR-1987 11:01:32.42</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1379&#31;reute
+b f BC-PERU-FAILS-TO-BUY-SUG   04-27 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU FAILS TO BUY SUGAR AT WEEKEND TENDER</TITLE>
+<DATELINE>    LONDON, April 27 - </DATELINE><BODY>Peru failed to conclude any purchases at
+its weekend buying tender for two cargoes June shipment white
+sugar owing to the sharp price rise that day, traders said.
+    However, the country had bought whites last week at 202.90
+dlrs a tonne cost and freight for May/June, they said.
+    Meanwhile there was no news of the recent tender quest by
+Algeria for 30,000 whites, the traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21964" NEWID="17342">
+<DATE>27-APR-1987 11:02:46.90</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>syria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1387&#31;reute
+u f BC-SYRIA-SEEKING-WHITE-S   04-27 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYRIA SEEKING WHITE SUGAR NEXT MONTH - TRADE</TITLE>
+<DATELINE>    LONDON, April 27 - </DATELINE><BODY>Syria is holding a buying tender on May
+6, for reply the next day, for 24,000 tonnes white sugar for
+shipment in two equal parts in June and July, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21965" NEWID="17343">
+<DATE>27-APR-1987 11:07:13.72</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1416&#31;reute
+b f BC-/-FED-EXPECTED-TO-SET   04-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO SET MULTI-DAY REPURCHASE PACTS</TITLE>
+<DATELINE>    NEW YORK, April 27 - </DATELINE><BODY>The Federal Reserve is expected to
+directly supply temporary reserves by arranging three or
+four-day System repurchase agreements, economists said.
+    They said there is less chance that it will add reserves
+indirectly instead. If the Fed fails to supply reserves,
+however, economists said this will be a strong indication that
+it is firming policy, perhaps in preparation for a near term
+discount rate increase from 5-1/2 pct.
+    Federal funds, which averaged 6.29 pct on Friday, opened at
+6-7/16 pct and remained there in early trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21966" NEWID="17344">
+<DATE>27-APR-1987 11:07:40.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1420&#31;reute
+u f BC-BANQUE-NATIONALE-DE-P   04-27 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANQUE NATIONALE DE PARIS TO RAISE CAPITAL</TITLE>
+<DATELINE>    PARIS, April 27 - </DATELINE><BODY>French state-owned Banque Nationale de
+Paris is planning a one-for-10 capital increase in the next few
+months, the bank announced at its annual press conference.
+    BNP is planning to distribute one new share or investment
+certificate for every 10 held.
+    The French state is a 99.97 pct shareholder in the bank,
+which is due for privatisation during the next five years under
+the government's plan to return 65 state-owned banks, insurance
+companies and industrial groups to the private sector.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21967" NEWID="17345">
+<DATE>27-APR-1987 11:08:48.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1426&#31;reute
+r f BC-STANLEY-WORKS-&lt;SWK>-S   04-27 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANLEY WORKS &lt;SWK> SEES RECORD 1987 NET</TITLE>
+<DATELINE>    NEW BRITAIN, Conn., April 27 - </DATELINE><BODY>Stanley Works said it
+expects record sales and earnings in 1987 against earnings of
+78.7 mln dlrs on sales of 1.37 billion dlrs in 1986.
+    "We feel confident that, with our present momentum, the
+Stanley Works is positioned for strong performance with record
+sales and earnings expected for 1987," chairman Donald W. Davis
+said.
+    The company said its first quarter earnings from operations
+rose to 19.2 mln dlrs from 14.8 mln dlrs a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21968" NEWID="17346">
+<DATE>27-APR-1987 11:09:07.13</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1428&#31;reute
+u f BC-EC-SUGAR-STANCE-LED-T   04-27 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC SUGAR STANCE LED TO GERMAN INTERVENTION MOVE</TITLE>
+<DATELINE>    BONN, April 27 - </DATELINE><BODY>A shift in the European Community's
+attitude to exports led to West German producers withdrawing
+sugar sold into intervention, industry sources said.
+    The sources noted the withdrawal followed a rise in maximum
+Commission restitutions to within 0.5 European currency units,
+Ecus, per 100 kilos of the level traders claim is needed to
+match intervention prices.
+    One source said, "This was taken as a sign that the
+Community was taking a more favourable stance towards exports."
+He added producers still expected more from the Commission.
+    German producers had sold 79,250 tonnes into intervention.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21969" NEWID="17347">
+<DATE>27-APR-1987 11:10:08.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1433&#31;reute
+b f BC-FEDERATED-&lt;FDS>-TO-BU   04-27 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED &lt;FDS> TO BUY &lt;ALLIED STORES CORP> UNIT</TITLE>
+<DATELINE>    CINCINNATI, Ohio, April 27 - </DATELINE><BODY>Federated Department Stores
+Inc and Allied Stores, currently wholly owned by Robert
+Campeau, said they have entered into a definitive stock
+purchase agreement for the sale of Allied's Blocks Inc unit to
+Federated for 55 mln dlrs cash.
+    The price is subject to certain cloising adjustments, the
+companies said.
+    Allied said it is selling Blocks, which operates 10
+department stores under that name in Indiana and Ohio, and two
+Michigan stores under the Herpolsheimer's name, under its
+previously announced restructuring program.
+    The transaction is expected to close in June of this year
+when the twelve Blocks stores will be operated as an entity of
+Federated's Cincinnati-based Lazarus Department store division,
+the companies said.
+    The companies added that the deal is subject to customary
+closing conditions, including expiration of the waiting period
+under the Hart-Scott-Rodino Antitrust Improvement Act.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21970" NEWID="17348">
+<DATE>27-APR-1987 11:10:56.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1439&#31;reute
+b f BC-/IBM-&lt;IBM>-SEES-INCRE   04-27 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> SEES INCREASINGLY POSITIVE 1987</TITLE>
+<DATELINE>    NEW ORLEANS, April 27 - </DATELINE><BODY>International Business Machines
+Corp expects its new products and cost-cutting measures to have
+an increasingly positive impact as 1987 proceeds, chairman John
+Akers told the annual meeting.
+    Akers repeated his assessment of the company's outlook when
+first quarter results were announced last week that "although
+the worldwide economic situation remains unsettled, we see some
+encouraging signs."
+    He said IBM shipments in the first quarter exceeded the
+1986 level, "the first time that has happened since 1985."
+    Akers said that IBM will increase its emphasis on service
+and support of customers this year and that by the end of 1987
+it will have 20 pct more sales representatives and systems
+engineers than two years ago.
+    He said the company is accomplishing this by both moving as
+many existing employees as possible into marketing and through
+new hires.
+    Akers said IBM will increase its U.S. software programming
+workforce, both through retraining and hiring, by nearly six
+thousands people over early 1985, to a yearend total of 26,000.
+    Last year IBM announced that it would try to reduce its
+workforce without violating its historical no-layoff policy
+through early-retirement offers and retraining.
+    Earlier this month, the company introduced a new line of
+personal computers and this summer it will begin shipping a new
+generation of minicomputers it hopes will compete successfully
+against offerings from Digital Equipment Corp &lt;DEC>.
+    Akers said, "We expect our product announcements and
+resource-balancing measures to have an increasingly positive
+impact as 1987 proceeds."
+    Akers said that since last April the company's worldwide
+workforce has been reduced by 11,000.
+    He said some 14,000 people have been moved from one IBM
+location to another, headquarters staff positions were cut by
+7,000 and the number of U.S. managers has been cut by 1,500.
+    Akers said IBM is "working hard to reduce our product
+cycle," which is the time between the cenception of a new
+product and its first shipment.
+    "We want to make this as short as possible and we are
+making progress," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21971" NEWID="17349">
+<DATE>27-APR-1987 11:11:23.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1444&#31;reute
+r f BC-GENCORP-&lt;GY>-UNIT-CON   04-27 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> UNIT CONSIDERING SALE OF STORES</TITLE>
+<DATELINE>    AKRON, Ohio, April 27 - </DATELINE><BODY>General Tire, a subsidiary of
+GenCorp, said it was evaluating the sale of its company-owned
+stores as part of its ongoing restructuring program.
+    General Tire said it received inquiries from tire dealers
+and other interest parties. The company said the stores would
+only be sold as a complete package, not individually.
+    General Tire said it has 84 commerical and retail outlets
+across the country.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21972" NEWID="17350">
+<DATE>27-APR-1987 11:12:04.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+V&#22;&#22;&#1;f1450&#31;reute
+u f BC-BUDGET   04-27 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE LEADER WANTS BUDGET PASSED THIS WEEK</TITLE>
+<DATELINE>    WASHINGTON, April 27 - </DATELINE><BODY>Senate majority leader Robert Byrd
+said he wants the Senate to pass by late Friday a fiscal 1988
+budget that starts reducing the flow of U.S. debt.
+    The Democratic leader told a news conference and later the
+Senate itself that the Senate would debate the measure today
+even though technically the first procedural vote --on formally
+bringing up the vital measure for action--would not take place
+until tomorrow afternoon.
+    The pending budget would cut some 38 billion dlrs from an
+anticipated deficit that would occur without any action.
+    Senate Republican Leader Bob Dole also said he wanted quick
+action on the budget measure this week, before Friday afternoon
+when some Republicans want to leave town.
+    Dole said a Republican substitute probably would be offered
+to the Democratic-written budget which would reduce the
+estimated 1988 deficit of about 171 billion dlrs to about 134
+billion dlrs, through cuts in defence and social spending and
+some 18.5 billion dlrs in unspecified tax hikes in 1988.
+    The House, also controlled by Democrats, has passed a
+similar budget which would have to be reconciled with a Senate
+plan. President Reagan's budget was defeated in the House.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22142" NEWID="17351">
+<DATE>28-APR-1987 16:26:42.44</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>barley</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f2752&#31;reute
+r f BC-MANITOBA-SEEDINGS-PRO   04-28 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANITOBA SEEDINGS PROGRESS WELL IN DRY WEATHER</TITLE>
+<DATELINE>    WINNIPEG, April 28 - </DATELINE><BODY>The Manitoba Agriculture Department
+weekly crop report said no measurable precipitation was
+reported across the province in the past week, allowing small
+grain seedings to progress rapidly across the south, with field
+preparation under way in the northern growing regions.
+    Small grains should be seeded across the Province in one to
+two weeks, assuming weather remains dry.
+    Planting progress was most advanced in the southeast, with
+30 pct of the spring wheat acres and 40 pct of the barley acres
+seeded. Cereals plantings were well under way in the south
+central part of the province, with seedings spotty so far in
+the southwest.
+    Summer fallow acres should be in line with the latest
+Statistics Canada projections, the report said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22143" NEWID="17352">
+<DATE>28-APR-1987 16:33:11.11</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM
+&#22;&#22;&#1;f2774&#31;reute
+u f BC-ROYAL-BANK-SEES-CANAD   04-28 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL BANK SEES CANADIAN ECONOMY EASING</TITLE>
+<DATELINE>    MONTREAL, April 28 - </DATELINE><BODY>Canadian gross domestic product should
+grow at a real rate of 3.3 pct this year before easing to a 3.0
+pct growth rate next year when U.S. economic growth is expected
+to decline, Royal Bank of Canada, Canada's largest bank, said
+in its monthly economic forecast.
+    The forecast is from fourth quarter to fourth quarter. The
+bank did not give Canada's real rate of growth for 1986. The
+bank said it expects the Canadian dollar to remain at the 75
+U.S. ct level for the next few months as major economic
+fundamentals have not improved enough to return the currency to
+a higher level in the absence of a wider interest rate spread.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22119" NEWID="17353">
+<DATE>28-APR-1987 16:42:54.32</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2807&#31;reute
+u f BC-UK-NOT-CONSIDERING-RE   04-28 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK NOT CONSIDERING RESTRICTING OIL OUTPUT</TITLE>
+<DATELINE>     HOUSTON, April 28 - </DATELINE><BODY>Britain is not considering any
+restriction of its present oil production, UK Energy Minister
+Alick Buchanan-Smith said.
+     Speaking to reporters at the Offshore Technology
+Conference, Buchanan-Smith said, "No, we've made that
+absolutely clear, we see no reason for changing (the production
+level)."
+     Earlier today, Buchanan-Smith gave the go-ahead to Mobil
+Corp for two new North Sea developments -- the Ness oil field
+and Beryl B subsea water injection project -- totalling 96 mln
+dlrs (60 mln British pounds).
+     Unlike Norway, which has restricted its production of
+North Sea oil by 80,000 barrels a day in an effort to stabilize
+world oil prices, Britain has consistently refused to intervene
+in the market place.
+     Buchanan-Smith also said there may be a demand-supply gap
+in the 1990s for natural gas in Britain, but added that it
+would probably be less than had been previously estimated.
+     Norway is a major producer of natural gas and this morning
+Norway's Energy Minister Arne Oien said he was hoping Britain
+will take more Norwegian gas in the 1990s.
+     Buchanan-Smith also said he expects to announce the
+results of the 10th licensing round of North Sea tracts next
+month.
+     He said there had been 75 applications for 127 tracts by
+84 companies, and added that he expects about 50 blocks will be
+licensed.
+     He said the results would be in line with rounds prior to
+but not equal to the ninth two years ago, which was one of the
+most successful ever.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22120" NEWID="17354">
+<DATE>28-APR-1987 16:47:13.28</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2826&#31;reute
+r f BC-POGO-&lt;PPP>-SEES-INCRE   04-28 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POGO &lt;PPP> SEES INCREASING OIL PRODUCTION</TITLE>
+<DATELINE>    HOUSTON, April 28 - </DATELINE><BODY>Pogo Producing Co said it should gain
+some 700 to 800 barrels per day of additional oil production
+when new onshore wells start production in June.
+    The company said work on offshore properties appears to be
+on schedule to complete the addition before year end of about
+10 mln cubic feet of gas and 400 barrels of liquids to Pogo's
+daily producing capabilities.
+    In the first quarter, liquids production averaged 8,525
+barrels daily, down from 11,233 barrels a day in the year
+earlier quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22121" NEWID="17355">
+<DATE>28-APR-1987 16:47:51.50</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2829&#31;reute
+r f BC-OCCIDENTAL-&lt;OXY>-HAS   04-28 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> HAS STAKE IN NORWAY OIL FIND</TITLE>
+<DATELINE>    LOS ANGELES, April 28 - </DATELINE><BODY>Occidental Petroleum Corp said a
+group in which it is a participant discovered oil in the
+offshore Norwegian North Sea Block 9/2-1 exploratory well.
+    The well tested at a maximum rate of 6,800 barrels of 39
+degree API gravity oil and 918 thousand cubic feet of gas
+through a 3/4 inch choke. The well, the first to be drilled on
+the block, was drilled in about 320 feet of water to a total
+depth of 12,228 feet subsea.
+    Occidental has a 10-pct stake in the 136,067-acre block
+operated by Statoil, the Norwegian state oil company, which
+holds a 50 pct interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22166" NEWID="17356">
+<DATE>28-APR-1987 16:51:58.73</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2848&#31;reute
+u f BC-SHULTZ-SAYS-U.S.-WHEA   04-28 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ SAYS U.S. WHEAT BONUS OFFER UP TO USDA</TITLE>
+<DATELINE>    WASHINGTON, April 28 - </DATELINE><BODY>U.S. Secretary of State George
+Shultz said it was up to the Agriculture Department to decide
+whether to offer subsidized wheat to the Soviet Union.
+    Shultz told the Newspaper Farm Editors of America that a 
+wheat bonus offer to the Soviet Union "is something that I
+basically leave to the Agriculture Department to figure out."
+    Last year, Shultz spoke out against President Reagan's
+decision to offer subsidized U.S. wheat to the Soviet Union --
+an offer Moscow spurned.
+    "I've always been a little put off by the idea that we would
+arrange our food supplies so as to price them in such a way
+that the Soviet housewife could buy American-produced food for
+less than the American housewife could buy it," Shultz said.
+    "It also seems to me that if we are going to sell in world
+markets, we have to meet the price," he added.
+    Shultz called proposals to broaden the eligibility criteria
+of USDA's export enhancement program (EEP) to include all U.S.
+customers "questionable."
+    An across-the-board EEP would mark a "considerable change" in
+the current program, which Shultz said is designed "to say to
+other countries that subsidize, particularly the European
+Common Market, that we're not going to give up our markets to
+those subsidized sales and we'll have a little kit bag that
+will meet that competition and hold our markets for our
+farmers."
+    "If you just go across-the-board and subsidize everything,
+that's a different order of program and seems to me quite
+questionable," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22122" NEWID="17357">
+<DATE>28-APR-1987 17:07:17.14</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2899&#31;reute
+r f BC-NORTH-AMERICAN-GAS-MA   04-28 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN GAS MARKET SOUGHT BY FERC</TITLE>
+<DATELINE>    CALGARY, Alberta, April 28 - </DATELINE><BODY>Blocking Canadian gas imports
+would not serve the long-term interests of the United States,
+said Martha Hesse, chairman of the Federal Energy Regulatory
+Commission, adding that the development of a freely open North
+American energy market should be encouraged.
+    "I firmly believe that the long-term interest of U.S.
+consumers would not be served by any attempt to promote a 'Made
+in America' label for gas," she said at an oil and gas
+conference.
+    She said the commission recognizes the important role
+Canadian gas plays in the American market, despite grumblings
+among U.S. domestic producers of the competition from north of
+the border.
+    Recent figures show Canada shipped 2.48 billion Canadian
+dlrs worth of gas to the U.S. in 1986, down sharply from the
+3.91 billion dlr total in 1985.
+    "But we do seriously recognize the importance in the years
+to come of the supplies of Canadian gas to U.S. markets," she
+said. "And even in the short term, competition is generally a
+good thing," she added.
+    She said the commission is concentrating on improving the
+access to U.S. pipelines, something that would be of great
+benefit to Canadian producers.
+    Hesse said transportation of Canadian gas is already
+improving, gas imports rising more than 21 pct in the first two
+months of the year. But Hesse declined to comment in detail on
+the controversial December order, known as the "as billed issue",
+because it is the subject of a new hearing.
+    The order, which is being fought by Canada, involves
+barring U.S. pipeline companies and consumers from paying
+certain Canadian shipping expenses.
+    Hesse said the order was never intended "as an attempt to
+extend the arm of U.S. regulations across the border."
+    However, a senior Canadian government energy official
+warned delegates the ruling could severely weaken Canadian gas
+producers. "Besides the extra territorial effect, there is the
+potential that Canadian consumers and producers may end up
+subsidizing the cost of transportation services originally
+incurred on behalf of U.S. customers," said Robert Skinner, an
+assistant deputy minister in Canada's energy department.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22116" NEWID="17358">
+<DATE>28-APR-1987 17:18:43.51</DATE>
+<TOPICS><D>carcass</D><D>livestock</D><D>orange</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L T
+&#22;&#22;&#1;f2940&#31;reute
+d f BC-/U.S.-BEEF,-CITRUS-TA   04-28 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BEEF, CITRUS TALKS WITH JAPAN SEEN TOUGH</TITLE>
+<AUTHOR>    By Greg McCune, Reuters</AUTHOR>
+<DATELINE>    TOKYO, April 28 - </DATELINE><BODY>The Reagan administration is expected to
+face tough resistance from Japan and from some entrenched U.S.
+interests, if it hopes to succeed in forcing Japan to end beef
+and citrus import controls by April, 1988, U.S. and Japanese
+officials said.
+    Agriculture Secretary Richard Lyng and Trade Representative
+Clayton Yeutter took a hardline stance on beef and citrus in
+talks here last week, insisting that the quotas be abandoned by
+April, 1988.
+    But that stance will be difficult to maintain because Japan
+will resist the pressure fiercely and because some U.S.
+suppliers of those commodities have an interest in maintaining
+the quotas, U.S. and Japanese officials told Reuters.
+    Twice in the past, the United States has negotiated with
+Japan on beef and citrus import quotas -- during the Tokyo
+round of multilateral trade negotiations in 1978, and in
+bilateral talks in 1984.
+    Each time the U.S. demanded an end to the quotas at the
+outset but ultimately accepted substantial increases instead.
+The current agreement calls for an increase in high quality
+beef imports to 58,400 tonnes in fiscal 1987, oranges to
+126,000 tonnes and orange juice to 8,500 tonnes.
+    Lyng has said repeatedly that this time the United States
+will not settle for simple increases in the quotas. Japan has
+been given plenty of time to reform its agricultural support
+system and the quotas must be scrapped, Lyng said.
+    Japanese officials want to begin informal talks on beef and
+citrus in August or September in Hawaii, sources said.
+    If the U.S. intends to press its tough stance, and Japan,
+as expected rejects the demands, the issue may then be put to
+the General Agreement on Tariffs and Trade for settlement,
+which would mean prolonging the friction beyond the April, 1988
+deadline set by the U.S., officials said.
+    In interviews here, Japanese officials insist that on beef
+they will not liberalize imports, regardless of the U.S.
+pressure, because the Japanese beef industry is not competitive
+and would be damaged by freer trade.
+    Most Japanese beef production still tends to be on small
+farms which Japanese officials said must be protected from
+cheap imports by use of the quota system.
+    Furthermore, while the U.S. National Cattlemen's
+Association is strongly supporting the tough administration
+position, some U.S. meat exporters and packers are ambivalent.
+    This is because to some U.S. exporters and packers beef
+exports to Japan under the quota system are a steady, reliable
+business managed by a quasi-government Japan Livestock Industry
+Promotion Corporation. Under quotas the U.S. share of Japan's
+beef market has expanded at the expense of Australia.
+    In the absence of quotas, some U.S. suppliers are concerned
+the U.S. share might decline and exporting to Japan would
+become a riskier business, meat industry sources said.
+    Major U.S meat industry leaders will meet in Washington
+next week, including cattlemen, processors and exporters, in an
+effort to reach an industry-wide consensus toward Japan.
+    The citrus industry also appears split on the quota issue.
+California's Sunkist, the largest U.S. supplier of oranges to
+Japan, has expressed reservations about eliminating quotas.
+    A representative of Sunkist said the cooperative is
+concerned that in the absence of quotas, lower quality oranges
+from Israel and South Africa might be competitive in Japan.
+    Ironically, some Japanese officials hinted that fresh
+oranges may be a product on which imports could be freed with a
+minimum of impact on Japanese mandarin orange production.
+    This is because U.S. oranges do not directly compete with
+smaller Japanese mandarins, officials said. But Japan wants to
+maintain quotas on orange juice because it fears imported juice
+tastes better and would displace Japanese mandarin orange
+juice, they said.
+    One scenario mentioned by both U.S. and Japanese officials
+is that Tokyo may try to blunt the tough administration stance
+by offering to scrap the quota on fresh oranges in return for
+U.S. acceptance of increases in beef and juice quotas.
+    Lyng has acknowledged that liberalization of beef and
+citrus imports is a difficult objective, but he insisted during
+the week-long tour here that it is a high priority on the
+U.S./Japan agriculture agenda-- more important than the rice
+issue which received most of the attention.
+    Asked about the ambivalence of some in U.S. agribusiness,
+Lyng noted some interests on both the U.S. and Japanese side
+have benefited from quotas but this will not stop the
+administration from pressing for liberalization.
+    And Lyng said the administration believes it can marshall
+more support for eliminating the quotas now than ever before,
+because of concern about Japan's rising trade surplus.
+    "We're coming at this one (beef and citrus negotiation)
+with a much stronger view coming out of Washington. The times
+have changed. The trade balance is much worse," Lyng said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22111" NEWID="17359">
+<DATE>28-APR-1987 17:20:01.49</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y RM
+&#22;&#22;&#1;f2948&#31;reute
+u f BC-OILPATCH-EXECUTIVES-S   04-28 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DECLINE IN U.S. DOLLAR MAY BOOST OPEC OIL PRICE</TITLE>
+<AUTHOR>     By JULIE VORMAN, Reuters</AUTHOR>
+<DATELINE>     HOUSTON, April 28 - </DATELINE><BODY>The sliding value of the U.S. dollar
+may soon force the Organization of Petroleum Exporting
+Countries to raise its oil benchmark price, setting the stage
+for prices as high as 22 dlrs a barrel by yearend, top
+executives with U.S. oil companies said.
+    The current benchmark price of 18 dlrs a barrel was
+established by the Organization of Petroleum Exporting
+Countries (OPEC) at its December meeting when the cartel set a
+15.8 mln barrel per day production ceiling.
+    But the continuing weakness of the U.S. dollar, the
+currency used by OPEC for its oil sales, is making the 18 dlr
+price difficult to sustain, said Fred Hartley, chairman of
+Unocal Corp &lt;UCL>.
+    The U.S. dollar has fallen in value by about 10 pct since
+December and has fallen by a total of about 40 pct during the
+past two years.
+    Hartley told Reuters he expected significantly higher oil
+prices this winter and would not rule out the potential for 25
+dlrs a barrel by the spring of 1988.
+    "I think June will be the critical month to see what they
+do," said Hartley, who was in Houston to attend the World
+Petroleum Congress. OPEC has scheduled a regular meeting in
+June which some experts believe is likely to revive suggestions
+that oil should be priced according to a basket of world
+currencies instead of the U.S. dollar.
+    E.H. Clark, chairman of &lt;Baker Hughes Inc>, said the Saudi
+kingdom's need to generate revenues -- rather than greater
+world demand -- would drive any price increases.
+    "The Saudis have made committments and have a balance of
+trade based on receiving 18 dlrs a barrel for this oil. But the
+U.S. dollar won't buy as much as it did five or six months
+ago," Clark said in an interview. "I'm betting on the Saudi
+king's need to sustain revenues."
+    Clark predicted that world oil prices would top 22 dlrs a
+barrel by January one.
+    However, the authoritative Middle East Economic Survey
+reported yesterday that Saudi Arabia would not seek to increase
+OPEC oil prices unless oil demand showed strong growth.
+    Saudi sources told the newsletter that the policy was based
+on the longterm need to restore the competitive position of
+OPEC oil against other energy sources.
+    Many oil industry experts are forecasting a modest increase
+in world oil demand averaging one pct annually during the next
+few years.
+    Michel Moreau, a director of the &lt;Elf Aquitaine Group>,
+said he believed the worldwide oil industry had reached a
+consensus that prices of at least 20 dlrs a barrel were
+necessary to cover exploration costs, royalties and taxes on
+new production.
+    The 20 dlr level will be reached this year only if the
+cash-strapped nations of Nigeria, Egypt and Gabon refrain from
+discounting oil prices or increasing production levels, Moreau
+said.
+    "I think if more than two (OPEC nations) defect, the
+production agreement will fall apart," he said. "But this
+threat is the Saudis' big stick to keep producers in line.
+Nobody wants a repeat of the collapse that occurred in 1986."
+    Lawrence Rawl, chairman of Exxon Corp &lt;XON>, told Reuters
+he expected prices would remain at 18 dlrs through the end of
+1987, adding that 20 dlrs a barrel was a possibility.
+    Other major companies are taking a more cautious view of
+prices, fearing that some OPEC members may yet upset the
+cartel's production agreement.
+    "This is a year of testing," said Alfred Munk, manager of
+foreign affairs at Amoco Corp. (AN). "If they fail, there may
+be a price decline to about 14 dlrs a barrel."
+    French-owned Total CFP's vice president Pierre Vaillaud
+said, "Demand is not going up very quickly, at best maybe one
+percent a year. You can't change the price with just one pct,"
+Vaillaud said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22107" NEWID="17360">
+<DATE>28-APR-1987 17:23:28.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2959&#31;reute
+u f BC-NYSE-SAYS-ADVEST-&lt;ADV   04-28 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE SAYS ADVEST &lt;ADV> DECLINES COMMENT</TITLE>
+<DATELINE>    NEW YORK, APril 28 - </DATELINE><BODY>Advest Group Inc said it is against
+company policy to comment on unusual market activity or rumors
+in response to inquiries on the unusual activity of its stock,
+according to the New York Stock Exchange.
+    The stock closed up 1-1/2 to 15. The exchange said it had
+contacted the company and requested a public statement
+indicating whether there are any corporate developments which
+may explain the activity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22123" NEWID="17361">
+<DATE>28-APR-1987 17:26:50.23</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E Y
+&#22;&#22;&#1;f2968&#31;reute
+r f BC-MORGAN-STANLEY-GROUP   04-28 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORGAN STANLEY GROUP &lt;MS> UNIT IN GAS DEAL</TITLE>
+<DATELINE>    HOUSTON, April 28 - </DATELINE><BODY>Morgan Stanley Group Inc unit Natural
+Gas Clearinghouse Inc said it has reached agreement with
+(Pan-Alberta Gas Ltd) of Canada to import substantial
+quantities of natural gas for its U.S. customers.
+    The company said potentially 500 mln cubic feet a day of
+Canadian natural gas could be imported under the agreement.
+    It said the natural gas would be competitively priced but
+did not refer to specific prices.
+    Pan-Alberta is owned by Nova &lt;NVA.A.T> and Alberta Energy
+Co, the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22104" NEWID="17362">
+<DATE>28-APR-1987 17:35:02.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2991&#31;reute
+d f BC-AMERICUS-TRUST/KODAK   04-28 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICUS TRUST/KODAK &lt;KDUWI> BEGINS TRADING</TITLE>
+<DATELINE>    NEW YORK, April 28 - </DATELINE><BODY>The American Stock Exchange said an
+investment trust which issues units in exchange for Eastman
+Kodak Co &lt;EK> shares began trading today on a "when issued"
+basis.
+    AMEX said the trust, known as the Americus Trust for Kodak
+shares, trades under the ticker symbol KDUWI and will accept a
+maximum of 7,500,000 shares.
+    The trust included two categories which traded separately
+from the units, known as prime and score components, which
+respectively allowed investors to receive current income or
+capital appreciation potential, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22099" NEWID="17363">
+<DATE>28-APR-1987 17:58:50.31</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f3041&#31;reute
+u f BC-/U.S.-MAY-HAVE-TO-ACT   04-28 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MAY HAVE TO ACT TO SUPPORT DOLLAR</TITLE>
+<AUTHOR>    BY PETER TORDAY, REUTERS</AUTHOR>
+<DATELINE>    WASHINGTON, April 29 - </DATELINE><BODY>The prospect of renewed assaults on
+the dollar might force the United States eventually to unveil
+distasteful measures to bolster support for its currency,
+monetary analysts and economists said.
+    Treasury Secretary James Baker has acknowledged that the
+Reagan administration discussed the possibility of issuing
+yen-denominated U.S. government bonds to support the dollar.
+    But he has also dismissed speculation that he was ready to
+take such an unusual step. Nonetheless, monetary sources say
+the issue has been seriously discussed by the administration.
+    "It is unlikely that we would undertake to do that now,"
+Baker said last week. "In our view there might well be some who
+would view (issuing U.S. yen bonds) as, in fact, a lack of
+confidence by the U.S. in its own currency. And therefore we
+don't think it's an appropriate thing to do."
+    But if the Reagan administration did announce measures,
+they could be a part of an internationally-coordinated effort
+to end the instability in financial markets with genuine action
+to reduce massive economic imbalances, monetary analysts
+believe.
+    And, like a currency defense package unveiled by the Carter
+administration, issuing yen bonds could be accompanied by a
+rise in the discount rate, now 5.5 pct.
+    The Federal Reserve has resisted pressure to raise this key
+rate so far, chiefly, some Fed officials say, because it could
+hurt economic growth. Another concern is the fragile
+international debt situation.
+    Analysts who expect a currency support package are divided
+over its possible timing. Some even believe an announcement
+could come this week during a visit to Washington by Japanese
+Prime Minister Yasuhiro Nakasone.
+    "It would give some real focus to the visit, and it might
+steady the dollar and prevent it from going down," said Charles
+Taylor, an analyst with Prudential-Bache Securities.
+    But monetary sources said they thought it unlikely that the
+Reagan administration would resort to measures which would
+bring to mind the troubles of President Carter.
+    Until very recently, the current administration has urged a
+lower dollar to help redress its huge trade deficit while
+Carter faced a weak dollar as confidence in his economic
+policies collapsed. But today, Washington's policies are
+increasingly in question.
+    The Carter plan was unleashed on Nov. 1, 1978. And it was a
+resounding success. "This package really gave credibility to the
+administration to get the dollar up," said Robert Hormats,
+vice-president of Goldman Sachs Inc and a former senior U.S.
+economic in the Carter and Reagan Administrations.
+    The dollar then stood at just under 1.87 marks and around
+188 yen. Today it stands around 1.79 marks and 139 yen.
+    "The problem is now that the administration in rhetoric is
+evidencing concern about the dollar but in practice is really
+doing very little," Hormats said of statements to support the
+dollar by U.S. officials.
+    Several currency traders and foreign central bank officials
+think these statements still fall short of unequivocally saying
+the dollar has declined far enough.
+    Carter issued 6.4 billion dlrs of mark and swiss franc
+bonds aimed essentially at buttressing pyschological support
+for the dollar but also at attracting foreign investors, who
+had lost confidence in the dollar, to U.S. government notes.
+    The package was supported by a one pct rise in the discount
+rate, to 9.5 pct, drawings on U.S. monetary reserves at the
+International Monetary Fund and sales of U.S.-held SDRS to
+other IMF members. 
+    It was also supported by increased Fed currency swap lines
+with other central banks and stepped up official U.S. gold
+sales.
+    Stephen Axilrod, a former Fed official who is now
+vice-chairman of Nikko Securities, said, "I think it's very
+unlikely they would do that now."
+    He argued that it was politically difficult to take action
+to support the dollar while Japan and West Germany have still
+to fulfill pledges to stimulate their economies.
+    But most analysts believe a currency support package would
+only work if genuine economic measures to redress world trade
+imbalances are undertaken by the leading industrial powers.
+    It could coincide with the June Venice summit of leaders of
+the seven major industrial democracies -- the United States,
+Japan, West Germany, Britain, France, Italy and Canada.
+    Hormats said he believed the currency has to decline
+slightly further for a package to have impact. He said the
+seven nations' Paris Accord to stabilize currencies was forged
+too soon to fundamentally change market sentiment.
+    "I think we're nearing a point when they would feel
+(politically) comfortable doing this," Hormats said.
+    Many analysts think the administration's reluctance to act
+firmly on the dollar has been due to its desire to keep up the
+pressure on its allies to bolster their economies and for fear
+of fanning protectionist sentiment in Congress.
+    But Hormats said "there will be a point at which the
+government of the United States shows it does give a damn for
+the dollar."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22089" NEWID="17364">
+<DATE>28-APR-1987 18:10:47.47</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3061&#31;reute
+r f BC-GENERAL-DYNAMICS-&lt;GD>   04-28 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL DYNAMICS &lt;GD> NAMED AS DEFENDANT</TITLE>
+<DATELINE>    NEW YORK, April 28 - </DATELINE><BODY>General Dynamics Corp was named as a
+defendant in a multimillion dlr fraud suit brought by the U.S.
+government in 1985 stemming from government subsidized
+shipbuilding contracts, according to court documents.
+    The government originally filed the suit against two of
+Dynamic's officers and two officers of its subcontractor,
+Frigitemp Corp. The suit, filed in federal court in New York,
+seeks to reclaim funds from kickbacks, overpayments and
+subsidies that were allegedly overexpended on two shipbuilding
+projects. The government paid 70 mln dlrs in subsidies between
+1978 and 1982, court papers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22131" NEWID="17365">
+<DATE>28-APR-1987 18:35:40.10</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f3084&#31;reute
+d f BC-GOVERNMENTS-SEEN-MORE   04-28 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOVERNMENTS SEEN MORE INVOLVED IN OIL DRILLING</TITLE>
+<DATELINE>     HOUSTON, April 28 - </DATELINE><BODY>The offshore oil drilling industry
+will attract increasing numbers of government connected firms
+in the 1990s, according to Ronald Tappmeyer, Vice Chairman of
+Reading and Bates Drilling Co.
+     Tappmeyer told the Offshore Technology Conference that
+contract drilling was reaching the same kind of situation that
+oil producing companies reached when their oilfields were
+nationalized in nations as Venezuela, Iran and Saudi Arabia.
+     He said local connections to the nation whose waters are
+being drilled was an increasingly important factor in the
+market.
+     "We have seen contractors put at competitive disadvantages
+in nations in which they had worked successfully for years
+essentially moved aside to make room for locally-owned firms or
+a locally-built rig," he said.
+     Tappmeyer, who is president of the International
+Association of Drilling Contractors, said how far the trend
+would spread depends on the growth of trade protectionism.
+     He added that international contractors will increasingly
+find their role restricted to regions that require special
+expertise and experience, such as wildcat areas and severe
+environments such as in the Arctic and extremely deep waters.
+     Tappmeyer also said he expects producing companies to
+provide the main financing for offshore drilling in the coming
+decade as banks will be unwilling to repeat overexposing
+themselves and drilling contractors will have difficulty
+providing financing out of cash flow.
+     At the same time, he said he saw the financing as indirect
+as he does not see producers getting back in the rig-owning
+business.
+     He also said projectfinancing will have to be backed up
+by work commitments to guarantee the payoff of construction
+costs.
+     For the time being, he said there was a superabundance of
+rigs. But he said there will be a need for new, technologically
+advanced rigs within a few years.
+     He said the floating-drilling rigs were most likely to
+benefit from new developments in technology, adding that by
+2,000 there should not be an ocean left that is too deep, too
+cold, too stormy or too remote to be explored.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22085" NEWID="17366">
+<DATE>28-APR-1987 18:47:31.82</DATE>
+<TOPICS><D>grain</D><D>oilseed</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>andriessen</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f3100&#31;reute
+u f PM-COMMUNITY-AGRICULTURE   04-28 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC OFFICIALS PLAN NEW EFFORT ON FARM PRICE TALKS</TITLE>
+<AUTHOR>    By Gerrard Raven, Reuters</AUTHOR>
+<DATELINE>    LUXEMBOURG, April 29 - </DATELINE><BODY>European Community (EC) leaders hope
+to make a new attempt to inject fresh urgency into talks on
+reforming the bloc's controversial farm policy when EC
+agriculture ministers meet for a third day of discussions here
+this morning.
+    Community officials said farm commissioner Frans Andriessen
+met Belgian minister Paul de Keersmaeker late last night to
+plan a new initiative.
+    Both Andriessen and de Keersmaeker, who currently chairs EC
+farm ministers' meetings, were said to be disappointed by the
+lack of progress in the talks so far this week.
+    The bloc's executive Commission has proposed a tough
+package involving effective cuts of upwards of 10 pct in
+farmers' returns for many crops this year.
+    Ministers were due to have adopted a package by April 1 but
+are only this week getting down to serious negotiations.
+    Yesterday, they discussed plans to cut cereals prices by
+2.5 pct, and reduce farmers' rights to sell surpluses to EC
+stores, to cut prices for fruit and vegetables by larger
+margins, and to impose a tax on EC-produced and imported
+oilseeds, a proposal which would be likely to sour EC trade
+relations with the United States.
+    Diplomatic sources said ministers, all of whom are opposed
+to at least one of these propositions, maintained entrenched
+positions yesterday, making the task of de Keersmaeker in
+steering his colleagues towards a compromise a daunting one.
+    They said he could also be treading a minefield if he
+sought to breach the divide between his fellow ministers over
+plans to change the system by which EC farm prices, expressed
+in a notional common currency, are translated into the
+currencies of member states.
+    West German minister Ignaz Kiechle indicated yesterday he
+would veto the adoption of Commission proposals in this area,
+saying they would unfairly affect farmers in strong currency
+nations.
+    The Belgian sources said de Keersmaeker may today present a
+paper to his colleagues which, while not having the status of a
+compromise proposal, would attempt to narrow their options.
+    But diplomats said the philosophical gap between ministers
+like Kiechle, with his commitment to maintaining traditional
+rural patterns, and others who see runaway farm spending as
+unacceptable economically, is likely to prove extremely
+difficult to bridge.
+    They agreed with EC farmers' union association president
+Hans Kjeldsen who said yesterday that an agreement in June
+appeared to be the best that could be hoped for.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22084" NEWID="17367">
+<DATE>28-APR-1987 18:54:47.76</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>stg</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f3115&#31;reute
+u f BC-fin-futures-outlook   04-28 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NERVOUS CONSOLIDATION SEEN IN CURRENCY FUTURES</TITLE>
+<AUTHOR>    By Brad Schade, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, April 28 - </DATELINE><BODY>Currency futures at the International
+Monetary Market (IMM) are likely to consolidate near current
+levels in nervous trading conditions over the next few days,
+although underlying sentiment remains positive, currency
+analysts said.
+    "Currencies are likely to muddle around these levels," said
+Shearson Lehman Brothers analyst Anne Parker Mills.
+    Traders are unwilling to establish either long or short
+positions in futures because of uncertainty over upcoming trade
+talks and U.S. trade legislation, they said.
+    Japanese prime minister Yasuhiro Nakasone and President
+Reagan will meet Thursday and Friday to discuss trade tensions
+between their two countries, while at the same time the
+Democratic-led U.S. House of Representatives will be voting on
+a controversial trade bill.
+    "Unless something really surprising comes out of the
+Nakasone/Reagan talks, I don't see the dollar getting above 142
+(yen) and 1.83 (marks)," Mills said.
+    The equivalent in futures of those interbank levels are
+about 0.007050 to 0.007025 in the June yen contract and about
+0.5500 in June marks, she said.
+    June yen closed at 0.007191 on Tuesday while June marks
+finished the day at 0.5602.
+    Mills said, however, that "the chances of them (Reagan and
+Nakasone) coming up with something new are limited." One
+possibility might be a Japanese discount rate cut, but "they
+probably won't do that unless we raise our discount rate."
+    Recent firmness in the federal funds rate and the Federal
+Reserve's slowness in adding reserves to the banking system has
+heightened sentiment that the money-policy making body has
+already tightened credit and a discount rate hike is possible,
+analysts said.
+    Recent weakness in currencies and strength in the dollar
+has been more the result of nervous shortcovering ahead of the
+meeting rather than reaction to the White House statement
+Monday supporting a stable dollar, said Harris bank currency
+analyst Earl Johnson.
+    Traders "are worried about the outcome of the talks between
+Reagan and Nakasone," and as the talks are late in the week,
+the market may not get a chance to react to any developments
+until Monday, Johnson said.
+    Until then, Johnson expects the dollar to remain in a broad
+range between 1.77 and 1.85 marks and 137 to 140.50 yen.
+    Chicago Corp analyst John Bilson, however, expects a rally
+in the European currencies over the near-term, while the yen,
+at this point is overbought.
+    "The Japanese are moving away from the U.S. market," and
+investment funds formerly directed to the U.S. are likely to
+flow into Europe, Bilson said.
+    The chief beneficiary of such a flow of funds will be
+sterling, Bilson said.
+    "Sterling rates are about four pct above Japanese rates,
+despite the half point rate cut," Bilson said. Major U.K. banks
+lowered their base lending rates today to 9.5 pct.
+    In addition to a favorable interest rate spread which
+should attract funds, Bilson said the firm oil market and the
+strong political situation of Prime Minister Thatcher also make
+British investments attractive.
+    Passage of the trade bill, which includes an amendment by
+Missouri Democrat Richard Gephardt that would force a 10 pct
+annual cut in imports from countries with an excessive trade
+surplus with the U.S. if they fail to remove unfair trade
+barriers to the U.S. after six months of negatiations, would
+likely pressure the yen, Bilson said.
+    Bilson, however, said the legislation is unlikely to pass,
+but that Nakasone is likely to bring a promise to open Japanese
+markets to U.S. goods and back it up with government contracts
+with U.S. manufacturers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22082" NEWID="17368">
+<DATE>28-APR-1987 19:44:20.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f3153&#31;reute
+u f BC-GLOBAL-ECONOMIC-ILLS   04-28 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLOBAL ECONOMIC ILLS MAY TAKE YEARS TO RESOLVE</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, April 28 - </DATELINE><BODY>A study by the Organization
+for Economic Cooperation and Development says it may take years
+to resolve the huge economic imbalances now plaguing the world
+economy, U.S. and western officials said.
+    The paper was expected to stimulate policy debate among
+senior officials of leading industrial nations preparing for
+next month's annual meeting of finance ministers in Paris.
+    The May 11-13 ministerial meeting of the 24-nation OECD, a
+forum for coordinating economic policies, has taken on added
+significance in view of the difficulties dogging the attempts
+of major nations to achieve joint goals.
+    Despite two meetings of the seven leading industrial powers
+-- the United States, Japan, West Germany, France, Britain,
+Italy and Canada -- pledges to change policy have still to be
+turned into action.
+    As a result, financial markets have been unusually unstable
+and have focussed their attention on every international
+meeting for clues that change is in the air.
+    The study concludes that there needs to be much greater
+fiscal action by the United States, West Germany and Japan to
+reduce their massive trade imbalances, a U.S. official said.
+    "We looked at what we could do to get from here to there.
+We've got to continue cutting the deficit, and there needs to
+be domestic expansion (in West Germany and Japan)," the official
+said, noting that significant actions are called for.
+    Officials noted the study strongly underscores the need for
+action by West Germany and Japan.
+    Seperately, western officials said they understood that
+U.S. overtures to Japan and West Germany to cut their
+short-term interest rates have been rebuffed for now.
+    Such rate reductions would have helped stabilize the steep
+decline of the dollar, by widening the difference between bond
+yields in the United States, on the one hand, and in Japan and
+West Germany on the other.
+    One official said that while the policy actions called for
+were similar to those urged by the seven, the study shows "it's
+going to take several years to resolve (the trade
+imbalances)."
+    The OECD has set three pct as the necessary target for
+average annual growth in the industrial world if trade
+imbalances are to be corrected and the Third World debt crisis
+kept under control.
+    The study strongly implies these targets will not be met
+without major action by the three leading nations, officials
+said.
+    Equally, it suggests that without major fiscal expansion by
+Bonn and Tokyo, and a corresponding deep reduction in the U.S.
+budget deficit, the current trend of an upturn in U.S. interest
+rates and a weakening dollar will go uncorrected.
+    U.S. Treasury Secretary James Baker says the dollar's deep
+decline alone will shave only 15 billion dlrs off the roughly
+140 billion dlrs U.S. deficit in goods and services this year.
+    But the study group also found that progress has been made
+and the seven main nations are moving in the right direction.
+    In Paris this February, the seven agreed that fiscal
+actions by the three major powers would help them stabilize
+currencies around levels ruling then.
+    The Reagan administration, this week facing the prospect of
+a tough trade bill aimed at curbing foreign trade surpluses,
+also promised to fight protectionism.
+    The officials said Washington must move ahead with budget
+deficit cuts of around 36 billion dlrs, a figure set as a goal
+by the Democratic leadership of the House of Representatives.
+    They also called for significant increases in the budget
+deficits of Japan and West Germany. Since the study group met,
+Japan has announced a roughly 35 billion dlr supplementary
+budget which was warmly welcomed by Washington.
+    Nonetheless there is caution over both the timing and the
+content of the proposed Japanese budget.
+    Financial markets, unconvinced by yet another Japanese
+promise of action, have pushed the yen sharply higher against
+the dollar.
+    While no West German fiscal action is promised before
+January 1988, U.S. officials would welcome such a move. "We'd
+love them to accelerate their tax cuts," one official said.
+    West German economic growth fell steeply in the first
+quarter this year, but the official said Bonn has reassured
+U.S. officials they expect growth to pick up again.
+    If faster German growth fails to emerge, Bonn could find
+itself under pressure to speed up tax cuts planned for early
+1988 when leaders of the seven meet in Venice this June.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22124" NEWID="17369">
+<DATE>28-APR-1987 19:45:10.95</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f3154&#31;reute
+u f BC-SOVIET-SAYS-DATA-SHAR   04-28 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET SAYS DATA SHARING WILL HELP FIND OIL</TITLE>
+<DATELINE>    HOUSTON, April 28 - </DATELINE><BODY>A Soviet geologist said scientists need
+to coordinate data about onshore and offshore oil deposits to
+help identify global formations that would indicate other
+potential discoveries of oil and gas reserves.
+    Vladmir Vladiminovich Semenovich, the head of petroleum
+geology at Moscow State University, told delegates at the World
+Petroleum Congress that exploration efficiency could also be
+improved through new and more sophisticated technology.
+    "We should emphasize that when having the data about
+petroleum distribution onshore and offshore, it is possible to
+clarify the idea of global regularities in oil and gas
+prospects," Semenovich said. "However, much work should be done
+to coordinate data concerning the structure and oil and gas
+prospects in adjoining onshore and offshore basins."
+    Sharing the information could help geologists better
+predict regional trends and underground formations that
+indicate the presence of oil or gas, he said.
+    Semenovich also said that existing estimates of the
+potential oil and natural gas resources of the world may need
+to be revised upward as oil companies continue to examine
+unexplored regions.
+    The world, which has already produced 476 billion barrels
+of oil and gas, has a current total of about 733 billion
+barrels in proved reserves. Undiscovered resources are
+estimated at about 1.4 trillion barrels, or about half of the
+total ultimate reserves, Semenovich said.
+    "There are a lot of unstudied regions all over the world
+and, as far as the already known basins, one continues to find
+additional reserves," he said, noting that Antarctica has been
+virtually ignored. "The existing estimate of potential
+resources of the world may need to be enlarged."
+    To find deeper and more expensive reserves, scientists will
+need to use 3-D mapping of underground formations and laser
+spectrometry to measure bitumen in soils and plants among other
+techniques, he said.
+    He estimated that continental slopes contain about 10 to 13
+pct of all offshore reserves.
+    Semenovich also said that virtually all of the total oil
+and gas resources now estimated to exist in the world would be
+discovered and placed in production during the next 50 years.
+    After his speech, Semenovich told Reuters that Soviet oil
+production was increasing. "The difficulties of 1985 have been
+overcome and we're now back to normal production," he said.
+    The Soviet Union, the world's largest producer of oil, had
+experienced drilling and technical problems that cut total
+liquids production from 12.45 mln barrels a day in 1984 to 12.1
+mln barrels a day in 1985. Last year, the Soviets produced an
+estimated 12.3 mln barrels.
+    When asked about the recent reopening and testing of a coal
+gasification project in Soviet Central Asia, Semenovich said
+the project was important because of the lack of oil reserves
+in the region.
+    Semenovich declined to identify at what level of world oil
+prices the coal gasification process would become economic
+again. "It's too expensive for the time being," Semenovich
+said.
+    "Theoretical development is underway and tests are being
+run. For the moment, coal gasification is a very small part of
+the energy industry," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22077" NEWID="17370">
+<DATE>28-APR-1987 22:59:31.46</DATE>
+<TOPICS><D>hk</D><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3217&#31;reute
+u f BC-HONG-KONG-DEFENDS-CUR   04-28 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG DEFENDS CURRENCY LINK WITH U.S. DOLLAR</TITLE>
+<DATELINE>    OSAKA, Japan, April 29 - </DATELINE><BODY>Hong Kong has not taken unfair
+advantage of its currency's link with the U.S. Dollar, Hong
+Kong monetary affairs secretary David Nendick told the annual
+meeting of the Asian Development Bank here.
+    He said: "We have taken the rough with the smooth, having to
+accept a downward adjustment of our economy in 1985 following a
+period when the U.S. Dollar was clearly overvalued in world
+terms, but benefiting as that currency subsequently declined."
+He said that since the establishment of the link in 1983, Hong
+Kong's trade had been broadly in balance. This year a modest
+deficit was expected.
+    "Under the link, Hong Kong's entirely free and open economy
+continues to adjust quickly to any external imbalances, but the
+burden of adjustment now falls almost entirely on our domestic
+interest rates, money supply and price levels," Nendick said.
+    "The relative volatility in these domestic variables is the
+price we pay for the stability of our currency against the U.S.
+Dollar," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22078" NEWID="17371">
+<DATE>29-APR-1987 00:05:46.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0002&#31;reute
+u f BC-ADB-MEETING-ENDS,-MAR   04-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADB MEETING ENDS, MARKED BY CRITICISM</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    OSAKA, Japan, April 29 - </DATELINE><BODY>The Asian Development Bank (ADB)
+today wound up a three-day meeting which was marked by
+criticism of the ADB from both rich and poor member nations.
+    In speech after speech, the 20-year-old ADB was charged
+either with not doing enough to help countries in the region,
+or with funding projects which were not worthwhile.
+    The attacks often, but not always, broke down along
+developed and developing country lines.
+    The former, which provide the ADB with money, generally
+emphasized the need for quality projects.
+    The ADB was not even spared criticism from its host country
+and largest shareholder, Japan.
+    "I am not 100 pct satisfied with the performance of the ADB,"
+Japanese finance ministry deputy director-general Fumiya
+Iwasaki told Reuters.
+    He said the Bank had only approved five pct more new loans
+in 1986 than in 1985. He hoped for a return to the more rapid
+growth rates of earlier years.
+    "The Asian economy is now changing. The ADB should adapt
+itself to those changes," he said.
+    But supporters of the ADB said it already was changing, and
+Iwasaki made it clear Japan welcomed the steps being taken by
+the ADB's president Masao Fujioka.
+    "So far, we have confidence in Mr Fujioka's leadership,"
+Iwasaki said.
+    To spur demand for loans, the ADB has restructured its
+country and agricultural departments to enable it to identify
+the needs of developing member countries more quickly.
+    But some delegates said the ADB was putting too much
+emphasis on the need to give out more money, and not enough on
+checking the quality of the projects involved.
+    "The success of the Bank should not be measured by the
+volume of its lending but by its contribution to the
+development process," chief U.S. Delegate Charles H. Dallara
+told the meeting.
+    He said: "Project quality is an area which has attracted
+attention recently and on which the United States has expressed
+strong views. Although over the years the majority of ADB loans
+have been sound, we have had problems with some of the projects
+brought before the board of directors lately."
+    Australia voiced similar concerns.
+    Australian delegate C. J. Hurford said: "Bad projects
+benefit neither the Bank nor its borrowers. They damage the
+Bank's reputation and ultimately lessen support from donor
+countries and capital markets."
+    There were also criticisms of proposals from developing
+countries that the ADB make more of its loans dependent on
+economic reforms in Third World nations.
+    "We are concerned with the Bank's increasing preoccupation
+with dialogue," said India's delegate, S. Venkitaramanan.
+    "We have expressed our unhappiness with the insistence of
+multi-lateral agencies on global prescriptions," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22144" NEWID="17372">
+<DATE>29-APR-1987 01:20:46.89</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0048&#31;reute
+u f BC-SRI-LANKAN-MINISTER-S   04-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKAN MINISTER SEES SLOWEST GROWTH IN DECADE</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    OSAKA, Japan, April 29 - </DATELINE><BODY>Civil strife in Sri Lanka will
+make the economy's growth rate in 1987 its slowest in a decade,
+Sri Lankan finance minister Ronnie de Mel said here.
+    He told Reuters in an interview that he expected gross
+domestic product to expand by only four pct in 1987. He said it
+averaged five pct over the past three years.
+    For the first two years after the present troubles began in
+1983, production of key commodities like tea, rubber, coconuts
+and rice kept up, he said.
+    Tamils on the island are fighting for a seperate state.
+    De Mel said: "Private sector production in fact grew by 25
+pct in 1984 and 20 pct in 1985. But last year things took a
+turn for the worse."
+    He said prices of tea, the main export, fell to half their
+1984 levels. World prices of rubber and copra also fell.
+    "There was also a decline in income from tourism and
+remittances from Sri Lankans working in the Middle East."
+    He said any savings from the worldwide drop in crude oil
+prices were wiped out by the cut in commodity earnings.
+    "To add to all this we have had, between January and March
+this year, the worst drought I have seen in my life," he said.
+    De Mel said the drought would seriously affect agricultural
+production.
+    He said because of the fighting in the country, defence
+expenditure was now about 20 pct of the national 1987 budget of
+70 billion rupees.
+    Sri Lanka planned to borrow about 600 mln dlrs in 1987 from
+the World Bank and the Sri Lanka Aid Consortium which comprises
+members of the Organisation for Economic Cooperation and
+Development (OECD), he said.
+    "We also plan to ask the International Monetary Fund for
+another 200 mln dlrs through a structural adjustment facility
+and a compensatory financing facility to balance our export
+revenue cuts," de Mel said.
+    He said despite the unrest, Sri Lanka had succeeded in
+keeping its total foreign debt to three billion dlrs by
+avoiding borrowing from commercial banks.
+    "Commercial bank debt accounts for only 15 pct of our total
+foreign debt," he said.
+    He said the Mahaweli hydro-electric project was nearing
+completion. It was likely to cut dependence on oil imports.
+    "The project will more than treble our hydro-electric power
+from 300 megawatts to nearly 1,000 megawatts," de Mel said.
+    He said 20 new townships would rise around the project,
+which is in the north-central part of the island. It was
+expected to irrigate 1.2 mln acres of land and indirectly
+provide employment for 500,000 landless families.
+    De Mel said Tamil guerrillas were waging a war of attrition
+in the island's north and east.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22079" NEWID="17373">
+<DATE>29-APR-1987 04:19:41.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>china</D><D>vietnam</D></PLACES>
+<PEOPLE><D>fujioka</D></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0176&#31;reute
+u f BC-ADB-CHIEF-SAYS-CHINA   04-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADB CHIEF SAYS CHINA LIKELY TO BORROW 300 MLN DLRS</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    OSAKA, Japan, April 29 - </DATELINE><BODY>China is likely to borrow up to
+300 mln dlrs this year from the Asian Development Bank (ADB),
+president Masao Fujioka said.
+    The loans would be China's first from the ADB.
+    "I think there will be at least one loan to China this year,
+and possibly a second," Fujioka told a news conference at the
+end of the ADB's annual meeting here.
+    Asked how large the loans were likely to be, Fujioka said
+he thought they would range from 100 mln to 150 mln dlrs each.
+    China is the ADB's newest member, joining in March 1986.
+    China is the third-largest shareholder after Japan and the
+U.S.. It was elected to the ADB's 12-member board yesterday.
+    Fujioka announced that the ADB's 1989 meeting would be held
+in Peking. The 1988 meeting will be held in Manila.
+    Fujioka said the ADB would consider delegates' suggestions
+that it set up a task force of experts to define its future
+role. The ADB's performance was criticised by both its rich and
+poor members at the three-day meeting just finished.
+    External experts had carried out a study on ADB policy for
+the 1980s, Fujioka said. He said a similar study for the 1990s
+would be useful, but the ADB had no fixed ideas yet.
+    He said the ADB had already responded to members like the
+U.S., Which urged it to improve analysis of funded projects.
+    "We had already decided that the ADB should strengthen its
+research capability," Fujioka said.
+    He said ADB lending had declined, but "the amount is not the
+only thing that counts. We also want to be a catalyst by taking
+innovative measures like the promotion of the private sector."
+    Fujioka also talked of the struggle between the U.S. And
+Japan over their voting power in the ADB.
+    Total Japanese contributions to the ADB are higher than
+those of the U.S., So Japanese delegates asked for their voting
+power to reflect this. The U.S. Opposed the move.
+    "It is advisable and wise, for institutions like the ADB to
+be viable, that there be a reasonable relationship between
+financial contributions and voting power," Fujioka said.
+    But he indicated the problem remained unresolved.
+    Asked if the ADB would respond to a plea by Vietnam to
+resume lending which was cut off in 1974, Fujioka re-iterated
+his view that conditions there were not conducive to banking.
+    Fujioka declined to elaborate on Vietnam, but said there
+had been no pressure from the U.S. Or any other country on the
+issue.
+    He also spoke about demands by the bank's financiers that
+it take a more active role in prodding borrowers into making
+economic policy changes.
+    "The initiative must come from the borrowing country. We
+don't accept that we impose policy conditions. There must be a
+two-way consultation," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22076" NEWID="17374">
+<DATE>29-APR-1987 04:39:06.29</DATE>
+<TOPICS><D>reserves</D><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0201&#31;reute
+u f BC-TAIWAN-RESERVES-RISE   04-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN RESERVES RISE ON TRADE SURPLUS, SPECULATION</TITLE>
+<AUTHOR>    By Chen Chien-kuo, Reuters</AUTHOR>
+<DATELINE>    TAIPEI, April 29 - </DATELINE><BODY>Taiwan's foreign exchange reserves have
+risen to a new high of 56 billion U.S. Dlrs, and officials
+attribute the increase to a surging trade surplus and the
+influx of speculative funds.
+    The reserves, up from 54 billion dlrs on April 19, compare
+with 27.3 billion a year ago, the Central Bank said.
+    Vice economic minister Wang Chien-shien told Reuters: "The
+rising reserves will certainly intensify our trade friction
+with the U.S."
+    A central bank official, who declined to be named, said
+Taiwan's trade surplus is expected to exceed 5.5 billion U.S.
+Dlrs in the first four months of 1987, against 4.25 billion a
+year ago.
+    The influx of speculative funds, mainly from Hong Kong,
+Japan and the U.S., Also played a major role behind the rise of
+the reserves, he said, but declined to give figures.
+    Banking sources said almost 10 billion U.S. Dlrs had
+entered Taiwan since early 1986. About three billion of the
+funds were remitted through different channels, including the
+black market, since the start of this year, they said.
+    Wang Chao-ming, vice chairman of the government's Council
+for Economic Planning and Development, said he expects the
+reserves to rise in the next few months because of the
+continuing high level of Taiwan's exports and the steady
+appreciation of the local dollar against the U.S. Currency.
+    "The latest government moves to open (the domestic) market,
+cut import tariffs and lift foreign exchange controls have
+achieved little success," he said.
+    Vice economic minister Li Mo said tariffs were cut on some
+1,700 products in January and a further 862 this month in a bid
+to encourage more imports, especially the U.S.
+    More tariff cuts on about 300 imported products, including
+televisions, video tape recorders, cosmetics and refrigerators
+will be announced in a month or two, Li said.
+    Li's colleague, Wang Chien-shien, said the government will
+send several trade missions to the U.S. This year to buy about
+one billion U.S. Dlrs of products, including machinery, power
+equipment, grains and precision tools.
+    "We earnestly hope to reduce our trade surplus with the
+U.S.," he said.
+    Taiwan's trade surplus rose to a record 13.6 billion U.S.
+Dlrs last year from 10.2 billion in 1985, and it widened to
+3.61 billion in the first quarter of 1987 against 2.78 billion
+a year ago, official statistics show.
+    The surplus has increased U.S. Pressure on Taiwan for a
+faster appreciation of its currency, which has risen by about
+18 pct since September 1985.
+    It opened at 33.10 to the U.S. Dollar today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22071" NEWID="17375">
+<DATE>29-APR-1987 04:57:56.71</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0237&#31;reute
+b f BC-GERMAN-CURRENT-ACCOUN   04-29 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN CURRENT ACCOUNT SURPLUS WIDENS IN MARCH</TITLE>
+<DATELINE>    WIESBADEN, April 29 - </DATELINE><BODY>West Germany's current account
+surplus widened to a provisional 8.8 billion marks in March
+from a slightly downwards revised 6.5 billion in February, a
+spokesman for the Federal Statistics Office said.
+    The trade surplus fell to a provisional 10.1 billion marks
+from 10.4 billion in February.
+    The Statistics Office had earlier put the February current
+account surplus at a provisional 6.6 billion marks. The
+provisional February trade surplus was confirmed.
+    The Office said the March trade surplus had also risen
+strongly from the year-ago month total of 8.5 billion marks,
+while the March current account surplus compared with only 4.3
+billion marks a year earlier.
+    The figures given by the office show nominal trade flows,
+but an office statement said that the current account surplus
+had also risen in real terms from February.
+    However, it attributed this partly to the fact that
+payments to the European Community had been brought forward in
+February, with the result that transfers abroad in March were
+unusually low.
+    The Statistics Office said March imports totalled 36.93
+billion marks, a rise of 15 pct from February and of 4.7 pct
+compared with March 1986.
+    March exports of 47.06 billion marks were 11 pct higher
+than in February and 7.6 pct higher than in March last year.
+    Other data reported in the current account balance showed
+there was a 400 mln mark deficit in supplementary trade items,
+a 500 mln mark deficit in the services account and a 400 mln
+mark deficit in transfer payments.
+    The Statistics Office said that in the first three months
+of this year the trade surplus had risen to 27.8 billion marks
+from 22.6 billion marks in the same period last year.
+    The current account surplus had risen to 20.0 billion marks
+from 15.6 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22080" NEWID="17376">
+<DATE>29-APR-1987 05:09:58.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0260&#31;reute
+u f BC-SOVIET-UNION-UNDECIDE   04-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET UNION UNDECIDED ON ADB MEMBERSHIP</TITLE>
+<DATELINE>    OSAKA, Japan, April 29 - </DATELINE><BODY>The Soviet Union's first official
+observer at the Asian Development Bank (ADB) said he came away
+from this week's ADB annual meeting with a favourable
+impression but that no decision has been made on whether the
+Soviet Union should join as a full member.
+    Yurij V. Ponomarev, international managing director of the
+State Bank, said he will file a formal report when he returns
+to Moscow, but it will not contain any recommendation on
+membership. "We haven't started any process with a view toward
+membership," he said.
+    Ponomarev downplayed the significance of his attendance,
+saying it only signalled a slight change in attitude by Moscow.
+Although this is the first time Moscow has attended the ADB's
+annual meeting as an observer, Soviet bankers have come to
+meetings in the past as guests, he said.
+    Delegates here saw the Soviet move as part of an overall
+strategy to strengthen ties with Asia and improve the
+functioning of the Soviet economy.
+    Ponomarev declined to comment on remarks yesterday by a
+senior U.S. Official, who warned that Soviet membership in the
+ADB would cause serious operational problems.
+    "How would the ADB, for instance, use the (Soviet) rouble as
+a basis for expanding its capital?" asked the U.S. Official, who
+declined to be identified.
+    Ponomarev said: "It is far too premature to speculate on the
+potential difficulties that might be involved if we applied for
+membership."
+    In order to become a member, Moscow would have to gain the
+backing of two-thirds of the board of governors representing
+three-quarters of the voting power of member countries.
+Washington has just over a 12 pct voting share.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22073" NEWID="17377">
+<DATE>29-APR-1987 05:30:06.64</DATE>
+<TOPICS><D>money-supply</D><D>reserves</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0296&#31;reute
+u f BC-TAIWAN-ISSUES-MORE-CD   04-29 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ISSUES MORE CD'S AS RESERVES HIT RECORD</TITLE>
+<DATELINE>    TAIPEI, April 29 - </DATELINE><BODY>The Central Bank issued 5.68 billion
+Taiwan dlrs' worth of certificates of deposit (cd's), bringing
+issues so far this year to 180.16 billion dlrs against 40
+billion issued a year earlier, a bank spokesman said.
+    The new cd's, with maturities of six months, one and two
+years, bear interest of 4.03 to 5.12 pct.
+    The issues are intended to help curb the growth of m-1b
+money supply resulting from large foreign exchange reserves
+which the bank said today had reached a record 56 billion U.S.
+Dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22069" NEWID="17378">
+<DATE>29-APR-1987 05:43:34.88</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0325&#31;reute
+u f BC-TAIWAN-BUYS-81,000-TO   04-29 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN BUYS 81,000 TONNES OF U.S. MAIZE</TITLE>
+<DATELINE>    TAIPEI, April 29 - </DATELINE><BODY>The joint committee of Taiwan's maize
+importers awarded contracts to two U.S. Firms to supply two
+shipments totalling 81,000 tonnes, a committee spokesman said.
+    Continental Grain Co of New York won a contract for the
+supply of 54,000 tonnes, priced at 96.17 U.S. Dlrs a tonne c
+and f Taiwan for delivery between May 21 and June 5.
+    Gulf Coast Grain Inc of Memphis, Tennessee, won a contract
+for 27,000 tonnes at 100.75 dlrs a tonne also c and f Taiwan,
+for May 21-June 5 delivery.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22067" NEWID="17379">
+<DATE>29-APR-1987 05:47:25.94</DATE>
+<TOPICS><D>income</D><D>ipi</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0331&#31;reute
+u f BC-CHINA'S-WAGE-BILL-GRE   04-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA'S WAGE BILL GREW TOO FAST IN FIRST QUARTER</TITLE>
+<DATELINE>    PEKING, April 29 - </DATELINE><BODY>China's total wage bill for state
+employees grew too fast in the first quarter, because of
+excessive bonuses, allowances and overtime pay, the official
+Economic Information newspaper said.
+    It said the total wage bill in the period was 38.7 billion
+yuan, an increase of 16.7 pct over the first quarter of 1986,
+when the bill grew a year-on-year 16.3 pct. The increase
+accounted for 39.6 pct of planned wage rises in all of 1987.
+    It said bonus payments rose a 42.6 pct, far in excess of
+growth in productivity. Industrial output grew a 14.1 pct in
+the period.
+    The newspaper said state allowances rose in the period by
+20 pct over the corresponding 1986 quarter, with some areas and
+work units increasing coal and electricity allowances on their
+own without proper authorisation.
+    It said overtime pay rose a year-on-year 32 pct, with some
+enterprises ignoring official regulations in their payments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22066" NEWID="17380">
+<DATE>29-APR-1987 05:49:58.85</DATE>
+<TOPICS><D>meal-feed</D><D>tapioca</D><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0340&#31;reute
+r f BC-WEST-GERMAN-TAPIOCA-U   04-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMAN TAPIOCA USE SEEN DECLINING</TITLE>
+<DATELINE>    HAMBURG, April 29 - </DATELINE><BODY>West German use of tapioca is likely to
+decline further despite favourable prices and import licences
+for only 420,000 tonnes have been registered since the start of
+the current agricultural year, compared with 640,000 tonnes
+during August/April the previous year, trade sources said.
+    The 12 European Community (EC) countries have licensed a
+total of 4.22 mln tonnes, while at the same year-earlier period
+the EC contracted for 3.17 mln tonnes, they said.
+    The Netherlands is registering an increase in licences to
+around 2.9 mln tonnes, up 400,000 tonnes from last year, they
+said.
+    Total EC tapioca imports during the current agricultural
+year are expected to stagnate at last year's level of around
+6.0 mln tonnes, the sources said.
+    They reported a rise in consumption and in import licences
+for France, Spain and Belgium but said the West German compound
+feed industry was increasingly using grain in feed mixtures.
+    Sellers quoted tapioca for nearby delivery at around 27
+marks per 100 kilos against 37 marks in March and 34 marks in
+April last year.
+    Feed barley was quoted at about 42 marks per 100 kilos,
+resulting in higher West German feed stuff prices, but demand
+was seen as slack.
+    The sources said the West German feed industry was trying
+to help cut the grain surplus through increased use of grain in
+feed mixtures.
+    Other EC member countries are likely to take advantage of
+the lower tapioca prices, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22081" NEWID="17381">
+<DATE>29-APR-1987 05:50:05.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-asia</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0341&#31;reute
+u f BC-U.S.-CONCERNED-ABOUT   04-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONCERNED ABOUT INCREASED JAPAN VOTES AT ADB</TITLE>
+<DATELINE>    OSAKA, Japan, April 29 - </DATELINE><BODY>Washington views with concern a
+plan to increase Japan's voting power at the Asian Development
+Bank (ADB), a U.S. Delegate at the bank's annual meeting said.
+    Japan, which holds 15.1 pct of the ADB's capital stock, and
+the U.S. Which holds 14.9 pct, currently have near-parity in
+voting power.
+    "The ADB was set up in 1966 as a partnership between the
+U.S. And Japan," the official said. "Any change in that
+relationship would transmit a psychological message to this
+region's countries that there is a slackening of interest on
+the part of the U.S."
+    "We do not want any dilution of our influence in the
+organisation," the U.S. Official added.
+    He said an imbalance in procurement contracts awarded for
+ADB-funded projects was however improving slowly.
+    The U.S. Share of the contracts had grown from about seven
+pct to about 12 pct in 1986, the official said, while Japan's
+share had dropped from 25 pct to 20 pct.
+    "We will urge more U.S. Businessmen to join in the bidding
+for these projects," he said.
+    The official said Washington was concerned about the ADB's
+future role in the region.
+    "The U.S. Believes the ADB should act as a catalyst both for
+policy changes that will lead to sustainable, long-term
+economic growth and for other financial flows," chief U.S.
+Delegate Charles Dallara told the meeting earlier.
+    "Economic reform should be a theme of the ADB's lending," the
+unidentified U.S. Official said.
+    "The bank is doing its borrowers a disservice by not
+entering into policy dialogue," he added.
+    "We are looking for the bank to take up the cudgel when its
+borrowers are at a critical stage in their development. We are
+looking at a 15 or 20 year horizon."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22110" NEWID="17382">
+<DATE>29-APR-1987 06:01:22.34</DATE>
+<TOPICS><D>reserves</D><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0363&#31;reute
+u f BC-TAIWAN-CENTRAL-BANK-D   04-29 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN CENTRAL BANK DEFENDS DOLLAR RESERVES POLICY</TITLE>
+<DATELINE>    TAIPEI, April 29 - </DATELINE><BODY>Central Bank governor Chang Chi-cheng
+defended Taiwan's policy of holding a large amount of its
+foreign exchange reserves in U.S. Dollars, citing similar
+policies followed by countries such as West Germany and Japan.
+    The reserves, now a record 56 billion U.S. Dlrs, are the
+world's largest after those of West Germany and Japan. About 90
+pct is held in U.S. Dollars and the rest in yen and marks.
+    Chang's remarks to parliament were in response to a call on
+Monday by about 20 members of the parliament who asked the
+government to diversify into other currencies, including yen,
+marks and Swiss francs because of exchange rate losses.
+    The legislators said the bank lost about 3.8 billion U.S.
+Dlrs between September 1985 and September 1986 as the Taiwan
+dollar rose to 36.77 to the U.S. Dollar from 40.45.
+    They said they expected the losses to continue because of
+the rising Taiwan dollar against the U.S. Currency.
+    Chang said the central bank could not sell the U.S. Dollars
+like other private banks or enterprises because such trading
+would be speculative and risky.
+    "The U.S. Dollar is an international currency and is widely
+used among trading nations," he added.
+    Chang said the Central Bank has further revised foreign
+exchange rules, which would relax most controls or even suspend
+them.
+    The revised rules have been submitted to the cabinet for
+approval, he said. He declined to give details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22167" NEWID="17383">
+<DATE>29-APR-1987 06:25:08.30</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0393&#31;reute
+u f BC-U.K.-TO-SUPPLY-WHEAT   04-29 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. TO SUPPLY WHEAT TO CHINA UNDER AID PROGRAM</TITLE>
+<DATELINE>    LONDON, April 29 - </DATELINE><BODY>The U.K. Will ship 39,250 tonnes of feed
+wheat to China this month as food aid at a cost to the British
+aid program of 3.4 mln stg, the Overseas Development
+Administration (ODA) said.
+    The wheat will be supplied by grain exporter Ceres UK Ltd.
+    As part of the European Community's obligation under the
+Food Aid Convention, the U.K. Is pledged to supply 110,700
+tonnes of cereals each year. From this commitment the U.K.
+Makes allocations to the World Food Programme.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22062" NEWID="17384">
+<DATE>29-APR-1987 07:46:16.86</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0561&#31;reute
+r f BC-EC-UNEMPLOYMENT-FALLS   04-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC UNEMPLOYMENT FALLS BELOW 17 MLN IN MARCH</TITLE>
+<DATELINE>    LUXEMBOURG, April 29 - </DATELINE><BODY>Unemployment in the European
+Community fell in March to 16.8 mln from 17 mln in February
+thanks to an improvement in the weather, the EC's statistics
+agency Eurostat said.
+    It said the number of jobless fell in all 12 Community
+member states as weather conditions improved, though France,
+Italy and Spain saw declines of less than one pct.
+    There was also a particularly large drop in the number of
+jobless under-25s in all states except Italy, where 19,300 more
+young people were unemployed in March than in the month before.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22057" NEWID="17385">
+<DATE>29-APR-1987 07:47:06.88</DATE>
+<TOPICS><D>gnp</D><D>trade</D><D>cpi</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM M G C
+&#22;&#22;&#1;f0564&#31;reute
+r f BC-THAI-ECONOMY-TO-ACHIE   04-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI ECONOMY TO ACHIEVE FIVE PCT GROWTH THIS YEAR</TITLE>
+<DATELINE>    BANGKOK, April 29 - </DATELINE><BODY>Thailand's gross domestic product will
+expand five pct this calendar year, up from 3.8 pct in 1986,
+despite a projected slight decline in agricultural output due
+to drought, the Bank of Thailand said.
+    Central bank spokesman Siri Karncharoendi told reporters
+the Thai economy clearly recovered in the first quarter from
+the lingering effects of the 1984-85 recession.
+    He said the industrial sector is expected to expand 5.5 pct
+this year, up from five pct in 1986. Agricultural output is
+projected to grow 2.8 pct after 1.5 pct contraction in 1986.
+    He said January/March imports grew 19.2 pct to 70.7 billion
+baht, in response to an improving domestic market, compared
+with a nine pct decline to 59.3 billion a year ago. Non-oil
+imports grew 24.8 pct to 60.2 billion baht while oil imports
+declined 5.6 pct to 10.5 billion.
+    First quarter exports increased 12.7 pct to 63.2 billion
+baht compared with 14.4 pct and 56.1 billion a year ago.
+    Siri said he expects the trade deficit to widen to about 30
+billion baht this year from 17.4 billion in 1986. The current
+account, which last year posted a surplus of 3.5 billion baht,
+is projected to return to a 7.4 billion deficit in 1987.
+    He said overall January/March lending by the Thai banking
+system grew a strong nine pct to 577.9 billion baht, up from
+4.7 pct growth in the previous quarter and 5.8 pct for the
+whole of 1986.
+    He said the Thai consumer price index rose 1.8 pct in the
+first quarter, down from 2.3 pct a year ago, but added that
+with the economy picking up, inflation is expected to rise to
+2.5 pct this year from 1.9 pct for the whole 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22050" NEWID="17386">
+<DATE>29-APR-1987 08:01:47.21</DATE>
+<TOPICS><D>oilseed</D><D>grain</D><D>veg-oil</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T C
+&#22;&#22;&#1;f0588&#31;reute
+b f BC-EC-FARM-MINISTERS-END   04-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FARM MINISTERS END PRICES MEETING STILL DIVIDED</TITLE>
+<AUTHOR>    By Gerrard Raven, Reuters</AUTHOR>
+<DATELINE>    LUXEMBOURG, April 29 - </DATELINE><BODY>European Community (EC) agriculture
+ministers ended a three-day meeting in Luxembourg still deeply
+divided over plans by the EC Commission to curb the cost of the
+EC's farm policy through sharp cuts in farm returns.
+    Their chairman, Belgium's Paul de Keersmaeker, told a news
+conference after the meeting he would work on a paper setting
+out possible compromise solutions in the next two weeks, with
+the hope that the ministers can get down to detailed
+negotiations at a meeting in Brussels on May 18.
+    But diplomats said the talks this week had served little
+more than to clarify member states' positions on the complex
+package of measures proposed by the commission.
+    The executive body has proposed measures which would result
+in price cuts this year for many crops of upwards of 10 pct.
+    Other controversial plans include a tax on EC-produced and
+imported oilseeds and fats to bring in two billion European
+currency units, to help the EC's cash crisis, and changes in
+the conversion of EC common farm prices into national
+currencies which would inflict extra burdens on West German and
+Dutch farmers.
+    De Keersmaeker attempted yesterday to narrow differences
+between EC states on the oils tax proposal, the currency
+measures and the key question of cereals prices and associated
+measures.
+    But he told journalists, "We have used this meeting to reach
+the point at which real negotiations can start at the next
+meeting. Ideally they should have started now but our
+procedures took much longer than planned."
+    Ministers are in theory supposed to agree a price package
+by April 1 each year, although this target is seldom reached in
+practice.
+    Diplomats said on all the points there were widely
+diverging views, with Britain and the Netherlands, the
+countries most supportive of commission proposals for cereals
+price cuts, strongly opposed to the oils tax.
+    However, de Keersmaeker said West German objections to the
+monetary proposals could prove the most difficult issue to
+resolve. "This is a very tough political nut, and because of the
+very nature of the problem there is no technical solution," he
+said. Commission sources said farm commissioner Frans
+Andriessen was prepared to alter some technical aspects of his
+proposals to make an agreement easier.
+    However, because of the EC's budgetary crisis, he had
+little room for concessions to pleas for a cut in the impact of
+his proposals on farmers' incomes as several ministers, led by
+Germany's Ignaz Kiechle, are demanding.
+    EC Commission president Jacques Delors has warned that the
+EC will have an accumulated budgetary deficit of over five
+billion Ecus by the end of this year, even if the commission
+farm price package is adopted in its entirety.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22045" NEWID="17387">
+<DATE>29-APR-1987 08:08:04.59</DATE>
+<TOPICS><D>ship</D><D>iron-steel</D></TOPICS>
+<PLACES><D>uk</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0612&#31;reute
+d f BC-GREEK-BULK-CARRIER-AG   04-29 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREEK BULK ORE CARRIER AGROUND IN ORINOCO RIVER</TITLE>
+<DATELINE>    LONDON, April 29 - </DATELINE><BODY>A Greek bulk carrier loaded with iron
+ore has run aground in Venezuela's Orinoco river, Lloyd's
+shipping services reports.
+    The 74,596-dwt Andromachi is reported to have run aground
+near mile 149 on Monday and attempts to refloat the vessel
+using tugs has so far been unsuccessful, Lloyd's said.
+    The Andromachi is managed by Theodore and Angelos
+Efstathiou of Piraeus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22044" NEWID="17388">
+<DATE>29-APR-1987 08:36:16.68</DATE>
+<TOPICS><D>acq</D><D>alum</D></TOPICS>
+<PLACES><D>france</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0718&#31;reute
+u f BC-PECHINEY-TO-SELL-PART   04-29 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PECHINEY TO SELL PART OF STAKE IN CANADA PLANT</TITLE>
+<DATELINE>    PARIS, April 29 - </DATELINE><BODY>French state-owned aluminium and special
+metals group Pechiney &lt;PUKG.PA> is planning to sell 25 pct of a
+Canadian aluminium plant at Becancour to the U.S.'s Reynolds
+Metals Co &lt;RLM.N> over the coming weeks, the company said.
+     Pechiney currently holds a majority 50.1 pct stake in the
+plant. The company also said it planned an agreement soon with
+Italy's &lt;La Metalli Industriale>, a 57 pct owned subsidiary of
+&lt;Societa Metallurgica Italiana> related to cupreous products.
+No further details were available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22051" NEWID="17389">
+<DATE>29-APR-1987 09:07:37.92</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0819&#31;reute
+u f BC-BELGIAN-MINISTER-TO-R   04-29 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN MINISTER TO REVIEW EC OILS/FATS TAX PLAN</TITLE>
+<DATELINE>    LUXEMBOURG, April 29 - </DATELINE><BODY>Belgian Agriculture Minister Paul de
+Keersmaeker said he would review EC Commission proposals for a
+tax on imported and EC produced vegetable oils and fats in the
+light of objections made by certain EC member states.
+    De Keersmaeker, current chairman of the EC farm ministers'
+council, was speaking after a three-day meeting of ministers at
+which the tax proposal was one of the key themes.
+    He said he would review the position as part of plans to
+present compromise proposals for the 1987/88 farm price package
+to the next meeting, starting in Brussels on May 18.
+    De Keersmaeker, who said there was "a great deal of
+resistance in many delegations" to the tax, declined to say what
+aspects of the proposals he would review.
+    However, EC Commission sources said they are expected to
+include the question of whether it should apply to marine oils.
+    They said Denmark and Portugal might agree to the tax, to
+be set initially at 330 Ecus a tonne, if these oils, of which
+they are major producers, were excluded.
+    The sources said, however, that Britain, the Netherlands
+and West Germany continue to have strong objections to the tax,
+partly because of fears that its impact on U.S. Soybean exports
+could provoke transatlantic trade friction.
+    They said that, if these three countries held firm to this
+position, they would be able to block the proposal under the
+EC's majority voting mechanism.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22042" NEWID="17390">
+<DATE>29-APR-1987 09:39:27.58</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0933&#31;reute
+u f BC-slaughter-guesstimate   04-29 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, April 29 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 275,000 to 285,000 head versus
+283,000 week ago and 312,000 a year ago.
+    Cattle slaughter is guesstimated at about 125,000 to
+128,000 head versus 124,000 week ago and 136,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22040" NEWID="17391">
+<DATE>29-APR-1987 09:45:10.87</DATE>
+<TOPICS><D>lei</D><D>gnp</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0948&#31;reute
+r f BC-U.S.-INDEX-SAID-CONSI   04-29 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. INDEX SAID CONSISTENT WITH GROWTH FORECAST</TITLE>
+<DATELINE>    WASHINGTON, April 29 -  </DATELINE><BODY>Robert Ortner, under secretary of
+commerce, said last month's 0.4 pct rise in the Index of
+Leading Indicators was consistent with growth of 3.0 pct this
+year.
+    He said in a statement that stock prices accounted for a
+large share of the index's growth in the last six months.
+    "Excluding stock prices, the rate of increase was still a
+healthy 6.2 pct and is consistent with 3.0 pct or more overall
+economic growth during 1987," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22039" NEWID="17392">
+<DATE>29-APR-1987 10:21:28.80</DATE>
+<TOPICS><D>tea</D><D>coffee</D></TOPICS>
+<PLACES><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1096&#31;reute
+d f BC-KENYA'S-TEA-AND-COFFE   04-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENYA'S TEA AND COFFEE AREAS CONTINUE DRY</TITLE>
+<DATELINE>    NAIROBI, April 29 - </DATELINE><BODY>Kenya's coffee and tea growing areas
+remained generally dry for the second consecutive week, in the
+period to April 28, weather and farming sources said.
+    All areas east and west of the Rift Valley recorded below
+25 mm of rain with western Kericho town having only 21 mm, they
+said. Kericho, which last year received 387 mm in April last
+year, has so far recorded only 176 mm and little rain is
+forecast throughout the country in the next two days.
+    Tea and coffee crops are doing well but farmers fear that
+output will be low if the unusually dry spell continues. April
+is normally the wettest month in Kenya.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22070" NEWID="17393">
+<DATE>29-APR-1987 10:25:40.86</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1102&#31;reute
+b f BC-SOVIET-SPRING-CROPS-S   04-29 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET SPRING CROPS SOWN ON ONLY 11 PCT OF LAND</TITLE>
+<DATELINE>    ****MOSCOW, April 29 - </DATELINE><BODY>Soviet farmers had sown spring crops
+on only 15.8 mln hectares or 11 pct of cultivated land by April
+27, compared with 26.2 mln ha by April 21, 1986, Izvestia said.
+    Grains and pulses (except maize) were sown on 6.7 mln ha,
+compared with 13.1 mln at the same time last year, it added.
+    Spring sowing is off to a slow start, with planting two to
+four weeks behind schedule in many areas of the Ukraine,
+Byelorussia and Russia, because the winter was unusually cold.
+    Western agricultural experts believe the crop could still
+be good but heavy winterkill will make it difficult to reach
+the 1987 grain target of 232 mln tonnes. The 1986 crop was 210
+mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22083" NEWID="17394">
+<DATE>29-APR-1987 10:54:30.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1240&#31;reute
+r f BC-WORLD-ECONOMIC-CONVER   04-29 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD ECONOMIC CONVERGENCE VITAL, OECD ENVOY SAYS</TITLE>
+<DATELINE>    THE HAGUE, April 29 - </DATELINE><BODY>It is vitally important that the
+industrialised countries of the world work towards convergence
+of their economies and economic policies, U.S. Ambassador to
+the Organisation for Economic Cooperation and Development
+Edward Streator said.
+    He told an American Chamber of Commerce lunch the world was
+changing rapidly and national attitudes had to alter
+accordingly if growth was not to falter and world depression
+set in.
+    Liberalisation of world trade in money, goods and services
+and technology was an overriding goal, he added.
+    World financial flows were now 12 times as large as
+traditional trade flows, the importance of commodities was
+declining rapidly, countries such as those on the Pacific Rim
+were becoming major growth areas, and the labour element in
+manufacturing was declining sharply, Streator said.
+    All these factors were creating major social and economic
+pressures and demanding a rapid reassessment of traditional
+attitudes, he added.
+    "Agriculture is a prime target for change.One of the first
+things we must do is disconnect farm subsidies from production,"
+Streator said.
+    At an OECD ministerial meeting in two weeks time there
+would be an attempt to agree global principles to help reduce
+this major agricultural problem, Streator said.
+    "However, of equal and vital importance in reducing the
+world's dangerous slide towards protectionism will be the
+outcome of the new round of talks under the General Agreement
+on Tariffs and Trade (GATT)," Streator added.
+    Dutch finance minister Onno Ruding, who also spoke briefly
+at the lunch, stressed the importance of coordinating national
+policies and of the GATT talks in preventing a rapid decline
+into bilateralism and global protectionism.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22037" NEWID="17395">
+<DATE>29-APR-1987 11:00:47.87</DATE>
+<TOPICS><D>money-fx</D><D>sfr</D><D>money-supply</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1262&#31;reute
+u f BC-SWISS-PREPARED-TO-INC   04-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS PREPARED TO INCREASE CURRENCY INTERVENTION</TITLE>
+<DATELINE>    LIESTAL, Switzerland, April 29 - </DATELINE><BODY>The Swiss National Bank is
+prepared to increase its intervention on currency markets if
+the action can be properly coordinated with other central
+banks, Markus Lusser, a member of the Bank's three man
+directorate, said.
+    He told a meeting of Swiss industrialists that intervention
+to support the dollar could not bring about lasting changes in
+exchange rates unless accompanied by fundamental changes in
+economic policy.
+    However, intervention could send signals that would
+contribute to a short term smoothing of currency movements.
+    The National Bank was prepared to intensify cooperation
+with other central banks, especially where convincing
+coordination and significant timing are guaranteed, Lusser
+said.
+    He said currency developments could not simply be talked
+into existence but needed to be matched by actions in the field
+of economic policy.
+    "Put simply, that means that in order to stabilise the
+dollar in a lasting way, a reduction of the budget deficit and
+a slowdown in money supply growth in the United States are
+unavoidable," he said.
+    The National Bank has intervened in dollar-yen repeatedly
+in the last few weeks and earlier this week it said it had
+intervened in dollar-Swiss franc for the first time since last
+October.
+    Lusser said the key to increased exchange rate stability
+lay not in currency intervention by central banks but only in
+an improvement in international economic policy coordination.
+    This meant that industrial countries must avoid abrupt
+switches in economic policy and give priority to price
+stability.
+    Lusser said the National Bank continued to take the view
+that easing its strict monetary policies would be incompatible
+with its primary goal of combatting inflation. The bank target
+is for growth of two pct in central bank money supply in 1987.
+    He noted that in 1978, when the Swiss franc rose sharply
+against all currencies, the bank was forced to abandon its
+money supply targets in favour of an exchange rate target, with
+the result that inflation surged.
+    "Current exchange rate developments have not, until today at
+any rate, made any such measures by the National Bank
+necessary," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22036" NEWID="17396">
+<DATE>29-APR-1987 11:05:19.31</DATE>
+<TOPICS><D>money-fx</D><D>dmk</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1294&#31;reute
+u f BC-LOWER-MARK-RATE-SPECU   04-29 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWER MARK RATE SPECULATION NOT SHARED IN GERMANY</TITLE>
+<AUTHOR>    By Jonathan Lynn, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, April 29 - </DATELINE><BODY>Speculation abroad that the
+Bundesbank will steer money market rates lower, opening the
+for interest rate cuts around Europe, is not shared by many
+economists and money market dealers within Germany.
+    Speculation has developed that the Bundesbank would
+engineer lower rates to take pressure off the dollar/mark.
+    A strong rise in U.S. Market rates this month, prompting
+speculation the Fed would raise its 5-1/2 pct discount rate,
+has raised the question whether Germany and Japan would also
+broaden interest rate differentials to support the dollar.
+    The U.S.-Japanese trade dispute is the key to the interest
+rate outlook, money market dealers in Paris said.
+    Talks this week between Japanese Prime Minister Yasuhiro
+Nakasone and President Reagan, if successful, could take
+pressure off the dollar, dealers and economists said.
+    Short term interest rates would be likely to ease if the
+trade dispute is solved and the dollar steadies, they said.
+    But if no solution is found, the Paris dealers said, a
+renewed dollar fall would put strains on the mark/French franc
+rate and force the Bank of France to raise short-term rates.
+    The three-month U.S. Treasury bill rate rose to six pct
+this week from 5.6 pct at the start of April, and the yield on
+the 30-year benchmark treasury bonds rose this week in Tokyo to
+a 14-month high of 8.86 pct from 7.66 pct in late March.
+    The dollar stabilized today just below 1.80 marks and above
+140 yen, underpinned by higher U.S. Rates and the Fed discount
+rate speculation.
+    But most dealers expect it to weaken further, which would
+put pressure on the Bundesbank to ease interest rates.
+    Japanese Finance Minister Kiichi Miyazawa said yesterday
+the U.S. Had requested Japan to cut short-term interest rates.
+    The Bank of Japan was making efforts to do this, he said,
+adding the U.S. Had not asked for a cut in Japan's 2.5 pct
+discount rate, a move which Bank of Japan Governor Satoshi
+Sumita said was not under consideration.
+    A call for a German move came yesterday from Dutch central
+bank president Wim Duisenberg, who said the Dutch central bank
+favoured a cut in West German interest rates and would follow
+suit if it happened.
+    Citibank AG said in its April report that another expected
+phase of dollar weakness would prompt the Bundesbank to cut key
+money market rates in the next three to six months.
+    The Bundesbank has set a fixed rate of 3.80 pct on
+repurchase pacts since February, with call money trading around
+3.70 pct for much of April.
+    Phillips and Drew senior European economist Richard Reid
+said the Bundesbank would allow interest rates to ease further,
+either with a lower fixed rate tender, or a tender by interest
+rate, allowing the market to set the rate.
+    "I'm fairly confident we'll see lower rates," he said.
+    Reid said taking 30 basis points off the repurchase rate
+would have little impact on the German economy or fundamental
+exchange rates, but could change market currency perceptions.
+    "A cut in German rates wouldn't be bad for the dollar, but I
+think its effect would be limited in duration unless it was
+accompanied by other measures elsewhere," he said.
+    Money market dealers here noted the speculation abroad that
+the Bundesbank would push down repurchase rates, but said the
+Bundesbank had little reason to cut rates further at the
+moment, despite the liquid market seen for most of this month.
+    The dealers said the Bundesbank was likely to move to an
+interest rate tender for its repurchase pacts next month. That
+should not be seen as a sign of easing monetary policy however,
+they said.
+    The Bundesbank would merely be experimenting with interest
+rate tenders, following the introduction of a new system to
+speed up the tender process at the start of April, they said.
+    Reinhard Pohl, head of the monetary policy section at the
+DIW economic research institute in West Berlin, said the
+Bundesbank would probably not cut rates on repurchase pacts.
+    "I don't think that if they cut the repurchase rate a little
+it would stop a wave of (currency) speculation," he said. But a
+sharp and sudden deterioration in the dollar could force the
+Bundesbank to take some action, he said.
+    Pohl said the Bundesbank was concerned that a cut in
+interest rates would accelerate excessive monetary growth.
+    Some Bundesbank officials have argued recently that the
+monetary overshoot was due to strong currency inflows rather
+than credit growth, and therefore a more appropriate response
+to excessive money supply growth would be to cut rates, to make
+the mark and mark investments less attractive.
+    Pohl said the Bundesbank was hoping that domestic investors
+would switch funds parked in liquid short-term accounts, which
+have swollen central bank money stock, into securities, which
+would take them out of the Bundesbank's key monetary measure.
+    A cut in interest rates at this stage however would lead
+investors to assume that rates had bottomed out and the next
+move would be upwards. They would therefore hold off buying
+bonds, leaving central bank money stock swollen.
+    There are so far no signs that German investors are
+switching funds into long term securities as the Bundesbank
+hopes they will, Berliner Handels- und Frankfurter Bank
+economist Hermann Remsperger said.
+    But Phillips and Drew's Reid said prospects of lower rates
+and a strong currency would attract foreign investors into
+German bonds, which would in turn attract domestic investors.
+    Werner Rein, chief economist at Union Bank of Switzerland
+in Zurich, said he thought it likely that interest rates would
+continue to drift lower in many European countries.
+    "The scope for lower rates is probably greatest in Britain
+but more limited in West Germany, where we could see some
+consolidation," he said. Switzerland could be forced to match
+any cut in German rates to prevent the franc rising further
+against the mark, he said.
+    Currency dealers in London said another half-point cut in
+U.K. Bank base rates was likely in the next few weeks as the
+pound had shrugged off yesterday's cuts and was still rising.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22038" NEWID="17397">
+<DATE>29-APR-1987 11:13:25.08</DATE>
+<TOPICS><D>money-fx</D><D>sfr</D><D>money-supply</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1345&#31;reute
+r f BC-SWISS-PREPARED-TO-INC   04-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS PREPARED TO INCREASE CURRENCY INTERVENTION</TITLE>
+<DATELINE>    LIESTAL, Switzerland, April 29 - </DATELINE><BODY>The Swiss National Bank is
+prepared to increase its intervention on currency markets if
+the action can be properly coordinated with other central
+banks, Markus Lusser, a member of the Bank's three man
+directorate, said.
+    He told a meeting of Swiss industrialists that intervention
+to support the dollar could not bring about lasting changes in
+exchange rates unless accompanied by fundamental changes in
+economic policy.
+    However, intervention could send signals that would
+contribute to a short term smoothing of currency movements.
+    The National Bank was prepared to intensify cooperation
+with other central banks, especially where convincing
+coordination and significant timing are guaranteed, Lusser
+said.
+    He said currency developments could not simply be talked
+into existence but needed to be matched by actions in the field
+of economic policy.
+    "Put simply, that means that in order to stabilise the
+dollar in a lasting way, a reduction of the budget deficit and
+a slowdown in money supply growth in the United States are
+unavoidable," he said.
+    The National Bank has intervened in dollar-yen repeatedly
+in the last few weeks and earlier this week it said it had
+intervened in dollar-Swiss franc for the first time since last
+October.
+    Lusser said the key to increased exchange rate stability
+lay not in currency intervention by central banks but only in
+an improvement in international economic policy coordination.
+    This meant that industrial countries must avoid abrupt
+switches in economic policy and give priority to price
+stability.
+    Lusser said the National Bank continued to take the view
+that easing its strict monetary policies would be incompatible
+with its primary goal of combatting inflation. The bank target
+is for growth of two pct in central bank money supply in 1987.
+    He noted that in 1978, when the Swiss franc rose sharply
+against all currencies, the bank was forced to abandon its
+money supply targets in favour of an exchange rate target, with
+the result that inflation surged.
+    "Current exchange rate developments have not, until today at
+any rate, made any such measures by the National Bank
+necessary," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22168" NEWID="17398">
+<DATE>29-APR-1987 11:15:53.85</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>zaire</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1360&#31;reute
+u f BC-CCC-ACEPTS-BONUS-BID   04-29 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACEPTS BONUS BID ON WHEAT TO ZAIRE - USDA</TITLE>
+<DATELINE>    WASHINGTON, April 29 - </DATELINE><BODY>The Commodity Credit Crporation has
+accepted a bid for an export bonus to cover the sale of 8,000
+tonnes of hard red winter wheat to Zaire, the U.S. Agriculture
+Department said.
+    The wheat is scheduled for shipment May 11-June 11, 1987,
+the department said.
+    The bonus, to Continental Grain Co, was 32.55 dlrs per
+tonne and will be paid in the form of commodities from CCC
+stocks.
+    An additional 7,000 tonnes of wheat are still available to
+Zaire under the Export Enhancement program initiative announced
+on October 17, 1986, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22118" NEWID="17399">
+<DATE>29-APR-1987 11:30:03.51</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f1414&#31;reute
+d f BC-USDA-PROGRAM-TO-FIGHT   04-29 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA PROGRAM TO FIGHT SCREWWORMS IN LIVESTOCK</TITLE>
+<DATELINE>    WASHINGTON, April 29 - </DATELINE><BODY>Sterile screwworm flies will be
+released this weekend in Miami, Florida, and Albuquerque, New
+Mexico, to combat a potential outbreak of screwworms, a serious
+pest of livestock, the Agriculture Department said.
+    The action follows identification April 21 of screwworm
+larvae in a hunting dog which passed through airports in Miami
+and Albuquerque while being returned to the United States from
+Venezuela, it said.
+    Sexually sterilized screwworm flies will be released twice
+a week for six weeks in an effort to eradicate any breeding
+populations of the flies.
+    Adult femals usually mate only once in their lifetime and
+eggs resulting from matings between sterile and fertile flies
+will not hatch, thus ending the life cycle, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22034" NEWID="17400">
+<DATE>29-APR-1987 11:33:50.14</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1433&#31;reute
+u f BC-DUTCH-PRODUCER-PRICES   04-29 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH PRODUCER PRICES RISE 0.3 IN JANUARY</TITLE>
+<DATELINE>    THE HAGUE, April 29 - </DATELINE><BODY>The index of Dutch producer prices of
+finished and intermediate goods rose 0.3 pct in January to a
+provisional 112.1, base 1980, against 111.8 in December 1986,
+Central Bureau of Statistics figures show.
+    The January figure was 4.7 pct below the January 1986
+figure of 117.6. In December 1986, the index showed a 5.7 pct
+year-on-year decline.
+    The Bureau said earlier this week it had run into delays in
+processing producer price statistics for recent months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22041" NEWID="17401">
+<DATE>29-APR-1987 12:11:41.17</DATE>
+<TOPICS><D>lei</D><D>gnp</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1627&#31;reute
+u f BC-/U.S.-MARCH-LEADING-I   04-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MARCH LEADING INDEX SIGNALS MODEST GROWTH</TITLE>
+<AUTHOR>    by Kathleen Hays, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 29 - </DATELINE><BODY>A 0.4 pct rise in the March U.S. index
+of leading indicators points to continued moderate U.S. real
+economic growth, economists said.
+    "The report is consistent with a modestly growing economy,"
+said Steve Slifer of Lehman Government Securities Inc. "The
+economy is not robust, but we're not heading into a recession
+either."
+    "The report suggests more of the same: continued moderate
+growth," said Ward McCarthy of Merrill Lynch Government and Co
+Inc. "The gain was mostly in stock prices. There was no change
+in the fundamental movement of the economy."
+    The Commerce Department said that higher stock prices led
+the March gain. Unemployment claims, vendor performance,
+contracts and orders for plant and equipment, manufacturers'
+orders, and building permits also were positive.
+    The average workweek, raw materials prices, and money
+supply detracted from the index.
+    Economists noted that the index signals the direction but
+not the magnitude of changes in gross national product.
+    "You can't derive profound conclusions on the economy from
+the report," McCarthy said. "The link between leading
+indicators and the economy is not strong."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22058" NEWID="17402">
+<DATE>29-APR-1987 12:13:25.22</DATE>
+<TOPICS><D>gnp</D><D>cpi</D><D>bop</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1637&#31;reute
+u f BC-U.K.-ECONOMY-STRONGER   04-29 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. ECONOMY STRONGER THAN AT BUDGET, LAWSON SAYS</TITLE>
+<DATELINE>0    LONDON, April 29 - </DATELINE><BODY>The U.K. Economy looks stronger than it
+did only last month, when the government unveiled its budget
+for fiscal 1987/88, Chancellor of the Exchequer Nigel Lawson
+said.
+    He told Parliament that "all the indicators that have been
+published since the budget confirm that, if anything, we are
+doing even better than I suggested then." The budget was
+unveiled on March 17.
+    "The PSBR (Public Sector Borrowing Requirement) has come out
+lower than I forecast in the Budget. Inflation, too, is lower
+than I suggested ... (and) the current account of the balance
+of payments is also performing better, so far, than I
+predicted."
+    The budget foresaw inflation easing to 4.0 pct at the end
+of this year after peaking at around 4.5 pct. Lawson said at
+the time that the overall 1986/87 PSBR would be around 4.0
+billion stg. It was in fact lower, at 3.3 billion stg.
+    He had also projected average GDP growth in calendar 1987
+of 3.0 pct after 2.5 pct in 1986. Lawson today said "output
+appears to be rising, if anything, rather faster."
+    Speaking during a House of Commons debate, he said, "by the
+end of this year we will have registered the longest period of
+steady growth, at close to 3.0 pct a year, that the British
+economy has known since the (Second World) War."
+    The 1987/88 budget contained a proposal to cut the basic
+rate of taxation by two pence, to 27 pence in the pound.
+    Lawson today reaffirmed that the government aimed to
+further cut the standard rate to "no more than 25p." He said that
+that objective "should not take too long to achieve."
+    Turning to policies proposed by political opposition
+parties, Lawson said those advocated by the Labour Party would
+entail extra public expenditure of some 34 billion stg.
+    That, he said, "would require either a doubling of the basic
+rates of income tax or more than trebling the standard rate of
+(valued added tax) VAT," which is currently 15 pct.
+    On value added tax, Lawson noted that the Conservative
+government promised back in 1984 not to extend VAT to food.
+    "Beyond that, the incidence of taxation has to be determined
+in the light of the budgetary needs at the time, and no
+responsible government could conceivably take any other
+position," he said. Labour MPs have accused the Conservatives of
+planning VAT increases for some essential consumer goods.
+    Lawson reiterated his belief that reductions in taxation
+can often produce higher, not lower, revenues  "thus leading to
+the scope for still further reductions in taxation."
+    Lawson said "inheritance tax is expected this year to yield
+almost 50 pct more in real terms than Capital Transfer Tax did
+in 1978-79. The yield of Capital Gains Tax is forecast to be 80
+pct higher in real terms, and Stamp Duty up by 140 pct."
+    He said that "the greatly increased yield of Corporation
+Tax, reflecting greatly increased company profitability, is
+clearly connected with the reform of Corporation Taxation I
+introduced in 1984, which brought the rate of tax on company
+profits in this country to the lowest in the industrialised
+world."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22090" NEWID="17403">
+<DATE>29-APR-1987 12:54:50.57</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1813&#31;reute
+u f BC-IRAQ-REPORTS-MERCHANT   04-29 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ REPORTS MERCHANT SHIP HIT IN THE GULF</TITLE>
+<DATELINE>    BAGHDAD, April 29 - </DATELINE><BODY>Iraqi warplanes attacked and hit a
+large "naval target" -- Baghdad's term for a tanker or merchant
+vessel -- in the Gulf today, an Iraqi military spokesman said.
+    He said the raid took place off the Iranian coast at 0600
+gmt and all aircraft returned safely to base.
+    Lloyds Shipping Intelligence earlier today said the Greek
+bulk carrier Pamit, 84,137 tonnes dw, was attacked and hit in
+the engine room this morning in the northern Gulf.
+    It said all the crew were safe and tugs were heading to aid
+the ship.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22105" NEWID="17404">
+<DATE>29-APR-1987 12:56:39.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1824&#31;reute
+r f BC-AMEX-STARTS-TRADING-A   04-29 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX STARTS TRADING AMERICAN LAND CRUISERS &lt;RVR></TITLE>
+<DATELINE>    NEW YORK, April 29 - </DATELINE><BODY>The &lt;American Stock Exchange> said it
+has started trading the common stock of American Land Cruisers
+Inc, which had traded on the NASDAQ system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22132" NEWID="17405">
+<DATE>29-APR-1987 13:00:37.03</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1853&#31;reute
+d f BC-ENERGY/HEAVY-OILS--(p   04-29 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY/HEAVY OILS</TITLE>
+<AUTHOR>    By SUSAN SHERER, Reuters</AUTHOR>
+<DATELINE>    HOUSTON, April 29 - </DATELINE><BODY>The oil price collapse of 1986 put
+development of a vast petroleum resource -- heavy and extra
+heavy oils -- on hold. But as oil prices increase the long-term
+economic outlook is favorable, oil industry experts said.
+    "Estimated potential world reserves of extra heavy oils
+exceed 500 billion barrels, of which more than half are located
+in Venezuela," Juan Chacin Guzman, President of Petroleos de
+Venezuela told the World Petroleum Congress.
+    "And this virtually unused resource represents a prime
+example of the need to invest in technology to ensure
+tomorrow's energy future," he added.
+    Venezuela had to reduce heavy crude oil output in favor of
+light oils because of economics and a very limited market. Not
+many refineries have been upgraded to process the heavy oils.
+    "Improved technology has the potential for reducing the
+capital investment and operating costs of typical heavy oil
+development projects by 30 pct or more," Gordon Willmon, VP and
+general manager, oil sands and coal department, Esso Resources
+Canada Ltd said at the World Petroleum Congress.
+    Crude oil prices fell under 10 dlrs dlrs a barrel last
+summer as OPEC members increased production to gain market
+share, but have since risen to around 18 dlrs because the  OPEC
+production/pricing agreement is basically in tact.
+    Willmon said light and medium crude oils currently supply
+90 pct of world oil demand yet they account for less than 25
+pct of remaining petroleum resources.
+    "So future demand increasingly will be met from the various
+forms of heavy oil," Willmon said. Heavy crude oil resources
+include extra-heavy oil/tar sand, natural bituminous sands and
+oil shales (in sedimentary rock).
+     Willmon cited major factors that will make heavy oil
+development economical, including real and stable growth in
+crude oil prices, favorable fiscal terms, and improved
+technology.
+    He said he expects "all pieces of the puzzle to fit
+together." But he cautioned that the short-term outlook is very
+sensitive to crude oil prices. And he said the most important
+factor in development of heavy oils is the recovery of the
+price of crude.
+    Willmon said the price of light crude must be about eight
+dlrs higher than heavy crude before there is an incentive for
+an oil company to upgrade its refinery to process heavy oil.
+    He said the current price differential is only about five
+dlrs a barrel.
+    Willmon indicated that a benchmark crude oil price above 20
+dlrs would be ideal. But he said currently under study are a
+broad range of high potential cost-effective technologies for
+resources recovery, transportation and upgrading of heavy oils,
+which would permit commercial development despite a lower crude
+oil price outlook.
+    Willmon said these technologies included enhanced recovery
+by steam injection and oil-and-water emulsion to reduce the
+viscocity of the heavy oils so they can flow easily through a
+pipeline. He said such technologies may substantially reduce
+current captial investment and operating costs.
+    But he emphasized that innovative technology alone may not
+encourage new investment, that oil prices need to show a
+meaningful and sustained recovery.
+   Most of the expenses associated with heavy oils production
+is fixed operating costs as in an oil sands project, rather
+than in exploration, according to Robert Smith, Senior VP
+Operations &lt;Syncrude Canada Ltd>.
+    While exploration costs for conventional crude oil range
+from four to nine dlrs a barrel, discovery costs for synthetic
+crude from oil sands are nearly zero because the location and
+nature of the deposit are known, according to Smith.
+    But the remote location of oil sands deposits mean that
+everything required to build and operate the plant must come
+from outside the area.
+    Willmon also said, "Public policy could best help by
+providing financial support to offset the high cost of
+technology developmemt which would help generate projects that
+could survive even at low oil prices for extended periods of
+time."
+    U.S. Energy Secretary John Herrington said, "The Reagan
+Administration is firmly committed, without equivocation, to
+continuing our efforts to improve conditions and incentives in
+the marketplace that will spur oil and gas exploration and
+development."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22145" NEWID="17406">
+<DATE>29-APR-1987 13:01:29.10</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>france</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1862&#31;reute
+r f BC-ECONOMIST-SEES-SLOWDO   04-29 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIST SEES SLOWDOWN IN U.S. ECONOMIC GROWTH</TITLE>
+<DATELINE>    PARIS, April 29 - </DATELINE><BODY>The U.S. Economy has peaked and will slow
+to a growth rate of between 2.5 pct and three pct for the
+remainder of 1987, First Boston Corp Managing Director Albert
+Wojnilower said.
+    He told an investment conference the U.S. Economy will not
+be able to sustain the 4.3 pct growth rate recorded in first
+quarter gross national product.
+    He said continued intermittent attacks on the U.S. Currency
+could lead to a substantial rise in long term interest rates.
+However, he predicted that rates will eventually decline either
+in anticipation of a recession or because of one.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22031" NEWID="17407">
+<DATE>29-APR-1987 13:18:04.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1941&#31;reute
+d f BC-SEC   04-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC OKAYS MIDWEST STOCK TRADING OF OTC ISSUES</TITLE>
+<DATELINE>    WASHINGTON, April 29 - </DATELINE><BODY>The Securities Exchange Commission
+decided to allow the Midwest Stock exchange to trade 25 stocks
+currently listed on the National Securities Dealers Association
+Automated Quotation, NASDAQ, system.
+    The SEC's unanimous decision granting so-called unlisted
+trading privileges to the 25 NASDAQ securities will allow the
+Midwest Exchange to begin trading the issues by May 18 under a
+one-year pilot program.
+    Unlisted trading privileges allow trading of stocks on an
+exchange other than the one on which the stocks are listed.
+    Before it would approve the Midwest Exchange request for
+the unlisted trading privileges, the SEC had insisted that it
+and the National Association of Securities Dealers, NASD, come
+up with a way of reporting and combining information on stock
+prices and transactions.
+    SEC officials said they needed to be assured that 
+information on the trading in and price of the securities would
+be in one place, for accuracy and consistency.
+    But since the exchanges still have not come with a master
+plan, the SEC approved an interim plan under which NASDAQ
+terminals would be put on the Midwest Exchange floor.
+    All trades in the 25 over the counter securities done on
+the Midewest Exchange will be quoted in the NASDAQ system as
+well as on the Midwest Exchange under the interim plan.
+    The NASD, Midwest Exchange and several other exchanges have
+said they are working on a master plan for consolidating the
+reporting of price quotes and other information on stocks now
+traded on NASDAQ and listed on one or more exchanges.
+    But an SEC official said such a new master reporting system
+is not expected to be in place until early next year. The
+Midwest Exchange proposed the interim reporting plan so that it
+can begin unlisted trading immediately, he said.
+    The 25 securities to be traded on the Midwest Exchange are
+the first over the counter securities to be traded on any
+exchange besides the NASDAQ. Some issues listed on exchanges,
+however, are traded on the NASDAQ.
+    The 25 securities had an average dollar volume last year of
+2.4 billion dlrs and made up 18 pct of the dollar volume of all
+the securities quoted on the NASD's National Market System.
+    SEC officials said they would review the pilot program in
+about a year. It was intended to spur more competition in the
+securities industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22133" NEWID="17408">
+<DATE>29-APR-1987 13:34:29.62</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2026&#31;reute
+u f BC-OIL-IMPORT-FEE-BILL-I   04-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OIL IMPORT FEE BILL INTRODUCED IN U.S. HOUSE</TITLE>
+<DATELINE>    WASHINGTON, April 29 - </DATELINE><BODY>A bill that would impose an oil
+import fee to support a world floor price for oil of 25 dlrs a
+barrel was introduced in the U.S. House of Representatives by
+12 Congressmen from oil-producing states.
+    The variable import fee would be dropped if oil prices rise
+above 25 dlrs a barrel, sponsors of the bill said.
+    Revenues from the fee would be used to buy domestic oil
+from stripper wells - those that produce 10 barrels a day or
+less - at a fixed price of 25 dlrs a barrel. Purchases would
+stop when prices rose above that level.
+    "Time is running out on the domestic oil and gas industry,"
+Rep. Joe Barton, R-Texas, said in a statement. "An oil import
+fee is really just the premium for a national insurance
+policy."
+    President Reagan opposes an oil import fee, but supporters
+of the bill said they hoped for action on it before the end of
+the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22022" NEWID="17409">
+<DATE>29-APR-1987 13:42:34.64</DATE>
+<TOPICS><D>fuel</D><D>heat</D><D>jet</D><D>gas</D><D>money-fx</D></TOPICS>
+<PLACES><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D><D>worldbank</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2050&#31;reute
+u f BC-EGYPT-FUEL-PRICE-INCR   04-29 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT FUEL PRICE INCREASES PART OF REFORM PACKAGE</TITLE>
+<AUTHOR>    By John Rogers, Reuters</AUTHOR>
+<DATELINE>    CAIRO, April 29 - </DATELINE><BODY>Egypt has embarked on reforms sought by
+the International Monetary Fund (IMF) and the World Bank by
+raising the price of diesel oil and other types of transport
+fuels.
+    The energy price increases were the first visible measures
+taken in return for IMF standby credits and World Bank loans.
+    Effective today, fuel oil prices were trebled and prices of
+gas oil, diesel and kerosene went up by over 50 pct, an
+Egyptian General Petroleum Corp (EGPC) official said. He said
+fuel oil will sell for 28 Egyptian pounds a ton, instead of 7.5
+pounds.
+    Kerosene and gas oil were raised by 66 pct to sell for five
+piasters a litre, while diesel rose 50 pct to 4.5 piasters.
+    The government is expected also to act soon, possibly as
+early as next weekend, to simplify the country's complex
+exchange rate system, bankers said.
+    Moving towards a more realistic exchange rate for the pound
+was part of a package of reforms sought by the IMF and creditor
+governments. In return, Egypt stands to receive up to one
+billion dlrs in IMF standby credits phased over three years to
+help it repay its 38.6 billion dlr foreign debt and guarantee
+rescheduling by western governments, the main creditors.
+    Energy price increases were also a condition of progress on
+World Bank project loans of up to 800 mln dlrs in energy,
+communications and other sectors which have been under
+negotiation for several months, western diplomats said.
+    The U.S. And Western Europe have pledged political backing
+for President Hosni Mubarak's government, committed to a
+multi-party political system and peace with Israel and
+strategically poised in control of the Suez Canal.
+    Fuel price rises, postponed at least once and likely to
+lead to higher retail prices of basic goods, were a test of the
+government's resolve to pursue economic reform, diplomats said.
+    But the new prices are still below world market levels.
+    There was no announcement of increases in more politically
+sensitive products such as gasoline or natural gas, used for
+cooking, and the mass-circulation Al-Akhbar newspaper said they
+would stay the same.
+    Official comment was not available on speculation among
+bankers and diplomats that the Central Bank would soon tinker
+with the pound's exchange rates to try to channel more dollars
+into the banking system away from the illegal but tolerated
+free market.
+    The Central Bank was expected to set up a committee in
+which 10 commercial banks, including the four state-owned
+banks, would decide the pound's value every day.
+    The official "incentive rate," currently set by the Central
+Bank daily, is around 1.36 pounds to the dollar, against 2.15
+on the free market.
+    Bankers predicted that the banks' committee might set rates
+around 1.80 or 1.90. But some doubted this would serve the aim
+of curbing the free market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22125" NEWID="17410">
+<DATE>29-APR-1987 13:56:12.87</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E Y
+&#22;&#22;&#1;f2078&#31;reute
+r f BC-NORTH-AMERICAN-GAS-MA   04-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN GAS MARKET RECOVERY YEARS AWAY</TITLE>
+<AUTHOR>    By RUSSELL BLINCH, Reuters</AUTHOR>
+<DATELINE>    CALGARY, Alberta, April 29 - </DATELINE><BODY>Better times for the hard hit
+natural gas industry remains two to three years away as a
+seemingly intractable supply bubble continues to depress sales
+and prices, industry officials said.
+    An uncertain regulatory environment, disputes over Canadian
+pricing policies and unusually warm winters are working against
+a quick recovery in the sector, a number of corporate and
+government speakers told an energy conference here.
+    "We see a tough, tough short-term market, both as to price
+and volume," said Michael Phelps, vice president of &lt;Westcoast
+Transmission Co Ltd>, a major Canadian natural gas carrier.
+    But Phelps predicted a fall in U.S. supply -- caused by a
+sharp drop in exploration -- and a slight demand increase
+should help to burn off the excess supply by 1990.
+    As a result, Canadian gas exports to the U.S. market should
+rise to up to 1.5 trillion cubic feet a year by the end of the
+decade, nearly double 1986's total.
+    The health of the Canadian industry is heavily dependent on
+the U.S. market where nearly one third of Canada's gas
+production is sent.
+    Cuba Wadlington, a vice president at Northwest Pipeline
+Corp of Salt Lake City, shared the view that markets could be
+in balance by 1990.
+    He said while North American demand for natural gas has
+flattened at about 18 trillion cubic feet a year, a return to
+more colder winters in the next few years could quickly tighten
+supplies.
+    "Things are clearly working towards a shrinking of the
+bubble," Wadlington told Reuters in an interview.
+    However, recent decisions by the U.S. Federal Energy
+Regulatory Commission (FERC) were sharply criticized by
+Canadian delegates who suggested the moves could prevent the
+country from participating in the market's recovery.
+    The key dispute, known as the as billed issue, involves a
+ruling last December by FERC which effectively bars U.S.
+pipeline companies and consumers from paying certain Canadian
+shipping expenses.
+    The Canadian government believes the ruling could severely
+weaken the country's gas producers. "Besides the
+extra-territorial effect, there is the potential that Conadian
+producers and consumers may end up subsidizing the cost of
+transportation services originally incurred on behalf of U.S.
+customers," said Robert Skinner, an assistant deputy minister in
+Canada's energy department.
+    But FERC Chairman Martha Hesse told the conference the
+ruling was really intended "to assure equal, fair and open
+competition in the pricing of natural gas sold within our
+country -- whatever the source of the gas."
+    Hesse maintained Canadian gas was crucial to the emergence
+of a freely competitive, continent-wide, energy market.
+    Speaking to concerns in Canada that the U.S. is seeking to
+limit Canadian gas shipments, Hesse said such a move would work
+against the long-term interest of American consumers. "We truly
+constitute a North American market," she said. "Natural gas
+moving through pipelines recognizes no boundries."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22091" NEWID="17411">
+<DATE>29-APR-1987 14:06:53.79</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2109&#31;reute
+r f BC-60-PCT-SUPPORT-FOR-SP   04-29 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH PORT STRIKE BY 60 PCT OF WORKERS</TITLE>
+<DATELINE>    MADRID, April 29 - </DATELINE><BODY>Some 60 pct of 6,300 employees at
+Spain's 27 major ports have supported a strike since Monday in
+support of wage negotiations, a spokesman for the Public Works
+Ministry said.
+    He said, however, that the stoppage has had no effect in
+Barcelona, Bilbao, Las Palmas and Pasajes and that mandatory
+minimum services in other ports allowed perishable goods to be
+handled.
+    The strike is due to continue tomorrow with work resuming
+on Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22092" NEWID="17412">
+<DATE>29-APR-1987 14:23:25.09</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>antigua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2171&#31;reute
+h f BC-DEVCON-INTERNATIONAL   04-29 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEVCON INTERNATIONAL &lt;DEVC.O> GETS CONTRACT</TITLE>
+<DATELINE>    POMPANO BEACH, Fla., April 29 - </DATELINE><BODY>Devcon International Corp
+said it has received a 13.5 mln dlr contract from the
+government of Antigua for harbor dredging and construction of a
+deepwater pier at St. John's, with completion expected within
+two years.
+    It said work will start immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22020" NEWID="17413">
+<DATE>29-APR-1987 14:28:50.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2195&#31;reute
+b f BC-daiwa-securities   04-29 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAIWA SECURITIES BUYS TORONTO EXCHANGE SEAT</TITLE>
+<DATELINE>    TORONTO, April 29 - </DATELINE><BODY>Daiwa Securities America Inc, wholly
+owned by Daiwa Securities Co Ltd, of Tokyo, received approval
+to acquire a seat on the Toronto Stock Exchange for 361,000
+Canadian dlrs, the exchange said.
+    Approval was granted by the exchange's board of governors
+and is the first acquisition of an exchange seat by a Japanese
+company, it said.
+    The purchase price is the highest ever paid for an exchange
+seat, it added.
+    Daiwa acquired the exchange seat from Andras Research
+Capital Inc, the Toronto Stock Exchange said.
+    Daiwa now intends to apply for exchange membership, which
+will be subject to approval by other exchange members and the
+Ontario Securities Commission, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22018" NEWID="17414">
+<DATE>29-APR-1987 14:29:39.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2196&#31;reute
+r f BC-REUTERS-&lt;RTRSY.O>-SHA   04-29 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS &lt;RTRSY.O> SHAREHOLDERS APPROVE CHANGES</TITLE>
+<DATELINE>    NEW YORK, April 29 - </DATELINE><BODY>Reuters Holdings PLC said shareholders
+approved changes in the company's articles of association to
+allow it to seek a listing on the Tokyo Stock Exchange.
+    The shareholders also approved a stock option plan tied to
+performance. The plan allows grants of options up to eight
+times earnings to a small group of executives, the company
+said.
+    The shareholders approved the measures at a special meeting
+following the company's annual meeting.
+    The amendment allowing the Tokyo listing exempts the &lt;Japan
+Securities Clearing Corp> from a 15 pct shareholding limit
+contained in the articles of association.
+    Under rules of the Tokyo exchange, shares in foreign
+companies owned by Japanese must be registered in the name of
+Japan Securities Clearing or its nominee, the company said.
+    Reuters, based in London, supplies a wide range of
+information services to business and news media subscribers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22126" NEWID="17415">
+<DATE>29-APR-1987 14:30:41.34</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2203&#31;reute
+r f AM-drilling   04-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OFFSHORE OIL DRILLING MOVING INTO DEEPER WATERS</TITLE>
+<DATELINE>     HOUSTON, April 29 - </DATELINE><BODY>Offshore drilling for oil and gas will
+be moving into deeper and deeper waters, according to Ronald L.
+Geer, a consultant with Shell Oil Co. and president of the
+Marine Technology Society.
+     Geer told a press conference at the Offshore Technology
+Conference that the technology existed to drill exploratory
+wells in up to 10,000 feet of water.
+     But he added that as the industry moves more and more to
+floating systems as opposed to fixed bottom supported
+structures, the financial risks involved were greater.
+     He said such projects involved six to nine year time
+frames, and there was a "reluctance for people to stick their
+necks too far out."
+     Shell holds the world record for the deepest exploratory
+well, at 6,900 feet, in the Wilmington Canyon in the Atlantic
+offshore New Jersey in 1984.
+     The company is currently drilling a 6,700 foot well in the
+Atwater Valley in the Gulf of Mexico offshore Louisiana.
+     Meanwhile, Brazil's Petrobras set a world record for
+underwater production when they brought a well in 1,350 feet of
+water offshore Rio de Janeiro state into production in January.
+     Geer said the industry was particularly interested in the
+Green Canyon field offshore Louisiana where a number of
+companies, including Shell, a unit of Royal Dutch/Shell &lt;RD>,
+Dupont Co's &lt;DD> Conoco Inc, USX Corp's &lt;X> Marathon Oil Co,
+Standard Oil Co &lt;SRD> and &lt;Placid Oil Co>, are working, many of
+them testing new deep-water technologies.
+     Of particular interest is the controversial Penrod-72
+system being operated by the Dallas-based Hunt brothers who
+last year placed Placid Oil under bankruptcy court protection
+in order to avoid foreclosures on its valuable oil properties.
+     They have been seeking the right to use assets to drill
+oil wells in the Green Canyon through Penrod, arguing that
+continued development of the project is essential to their
+ability to get out of their financial crisis.
+     Earlier this month, the Hunts were granted permission by a
+bankruptcy court to pursue the Green Canyon project.
+     The Penrod system involves a controversial floating
+production platform with well heads sitting 1,350 feet down on
+the ocean floor. Some 24 wells will be attached to the
+wellhead, with one satellite well sitting in a record 1,700
+feet of water.
+     Geer said he could not comment on the Penrod project,
+other than to note that it involves so many new technologies,
+it might have a problem fitting all the pieces together within
+a specific time frame.
+     He also said he believed the potential production from the
+project could be in line with what the Hunt Brothers have
+projected
+.
+     The Hunts' creditor banks have contended the Hunts have
+exaggerated the potential of the project.
+     "They're in the ballpark," he said, of the numbers, adding
+that he did not have enough information to comment further.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22024" NEWID="17416">
+<DATE>29-APR-1987 14:49:22.86</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2281&#31;reute
+d f BC-GAS-GROWTH-SEEN-HURT   04-29 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAS GROWTH SEEN HURT BY REGULATORY UNCERTAINTY</TITLE>
+<AUTHOR>    By NAILENE CHOU WIEST, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, April 29 - </DATELINE><BODY>Demand for natural gas has failed to
+grow in proportion to the decline in oil deliveries because of
+concerns over unresolved regulatory issues in the United
+States, said industry analysts and gas utility company sources.
+    "Natural gas is not free to compete," said Larry Makovich,
+director of utilities service at Data Resources Inc, "problems
+on pipeline open access and take-or-pay liabilities still weigh
+heavily on end-users' decision to switch to natural gas."
+    A manager with an East Coast gas distribution company,
+agreed that reluctance among end-users often stemmed from fear
+of unresolved regulatory issues.
+    "The fact that at the federal level open access is not yet
+firmly in place threatens to impede free flow of natural gas
+from producers to consumers," he said.
+     Michael German, an economist with the American Gas
+Association, said while a significant amount of gas was now
+replacing oil in dual-fuel boilers, the progress of expanding
+the marketshare of gas was slow. First quarter natural gas
+consumption data is not available until June.
+    In the first three months of 1987, residual fuel demand
+fell by an average of 55,000 barrels per day, according to the
+American Petroleum Institute. Natural gas, however, was not
+able to take full advantage of the decline in oil consumption.
+    AGA's German said that while industrial consumers were
+concerned with regulatory issues in their long-range capital
+investment decisions, in the dual-fuel boiler market relied on
+spot purchases.
+    "With all the capability of switching (from oil to natural
+gas) already there, price of the fuel is the only concern," he
+said, adding that compared with the same period last year,
+January natural gas price at burner tip is 16 pct lower for
+industrial users and 32 pct lower for utilities.
+    German attributed the sluggish performance of natural gas
+to lower demand in the utility sector as a whole.
+    "March was warmer than normal, which cut down gas
+consumption not only in home heating but also in electricity
+generation," he said.
+     In March, according to API monthly statistics, residual
+fuel deliveries fell by 13.6 pct to 1.2 mln barrels per day
+from the same period a year ago.
+    While API specifically mentioned lower natural gas prices
+had put residual fuel at a price disadvantage among electric
+utilities and industrial users, industry analysts believed the
+role of natural gas was over-stated.
+    Makovich of DRI noted much of the decline in oil in the
+fuel mix was taken up by new nuclear capacity coming on stream
+in the last few years.
+    Nuclear capacity rose nine pct in 1986, and he projected
+the same rate of growth for 1987 and 11 pct growth in 1988. 
+    In contrast, oil and gas together represented only 15 pct
+of the fuel mix in 1986 and should decline to 13 pct by 1989,
+he said. Within this sector, gas share fell to 66 pct in 1986
+from 76 pct a year ago due to competition from falling oil
+prices, he added. But this year, gas was expected to recapture
+only two pct of the share, Makovich said.
+    Michael German of AGA agreed and said, "Nevertheless,
+outlet for several hundred billion cubic feet of gas a year is
+significant in a glutted market."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22093" NEWID="17417">
+<DATE>29-APR-1987 14:50:18.29</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2283&#31;reute
+u f BC-IRAN'S-NAVY-CHIEF-THR   04-29 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN'S NAVY CHIEF THREATENS GULF CLOSURE</TITLE>
+<DATELINE>    LONDON, April 29 - </DATELINE><BODY>Iran's navy commander warned that Iran
+would close off the Strait of Hormuz, entrance to the Gulf, if
+there was any disruption to its shipping or sea-bound trade,
+Tehran radio said.
+    Commodore Mohammed Hoseyn Malekzadegan told a news
+conference Iran was ready to maintain security in the Gulf.
+    But he added "If there is any disruption in the movement of
+our ships and our imports and exports, this waterway would not
+be left open for any country."
+    The radio, monitored by the British Broadcasting
+Corporation, quoted Malekzadegan as saying Iran's navy now had
+the most advanced defensive equipment, including long-range
+shore- to-sea missiles and a range of sea-to-sea missiles.
+    He said it had also expanded operations to cover the whole
+region "from the most northerly point in the Persian Gulf to the
+most southerly part of the Sea of Oman."
+    Referring to U.S. fleet movements in and near the Gulf,
+Malekzadegan said they had so far not been directed against
+Iran's interests.
+    "Their movements have been on the basis of international
+regulations and in the open seas," the radio quoted him as
+saying. "However, if any movement or action is carried out
+against the interests of the Islamic Republic of Iran in
+whatever context, we shall decisively confront that move."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22021" NEWID="17418">
+<DATE>29-APR-1987 15:04:02.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2329&#31;reute
+u f BC-daiwa-securities-plan   04-29 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAIWA SECURITIES TO OPEN CANADIAN HOUSE</TITLE>
+<DATELINE>    TORONTO, April 29 - </DATELINE><BODY>Daiwa Securities Co Ltd, of Tokyo,
+plans to open a new Canadian company after a June 30
+deregulation of the Ontario equity market is implemented, Daiwa
+Securities general manager for Canada Hajimu Watanabe told
+Reuters in reply to query.
+    The Toronto Stock Exchange earlier announced Daiwa became
+the first Japanese company to acquire an exchange seat, paying
+361,000 Canadian dlrs, the highest price ever paid.
+    "This is a prelude of our establishment of a new Canadian
+company," Watanabe said.
+    Watanabe said Daiwa's new Canadian brokerage house will
+concentrate on investment in Canadian stocks by Japanese
+investors, Canadians acquiring Japanese equity, and government
+and corporate financing, mainly in the Canadian bond market.
+    "We have now a huge amount of demand on the part of Japanese
+investors for Canadian stocks," Watanabe said.
+    "So if we can get membership of the Toronto Stock Exchange,
+that should support our business very much," he added. Daiwa's
+application for exchange membership is subject to approval by
+other members and the Ontario Securities Commission.
+    When asked, Watanabe declined to specify how much capital
+Daiwa, the world's second largest investment dealer, would
+invest in its Canadian subsidiary.
+    "It is quite confidential at this moment, but say our main
+intention is not to create any friction with the Canadian
+houses," Watanabe said.
+    He said Daiwa could easily set up its new unit with one
+billion Canadian dlrs of capital, "but we are starting at quite
+a moderate figure."
+    "But small means quite big in Canadian terms," he added.
+    Daiwa, which established a representative office in Canada
+in 1980, is ready to open its Canadian house as soon as Ontario
+security deregulation is implemented on June 30, Watanabe said,
+adding Daiwa is very pleased with its reception by Canadian
+regulatory authorities.
+    Watanabe said about 10 pct of Japanese investment in
+foreign securities goes to Canada, ranking second to the United
+States which receives about 50 pct.
+    "The Japanese institutional investors feel that it is rather
+risky to concentrate around the 50 pct" in one country, he said.
+    Japanese institutional investors are trying to diversify to
+other non-American vehicles, and there are very few candidates
+that remain safe investment objects, Daiwa's Watanabe added.
+    Investors in Japan are also feeling it is risky to
+concentrate in fixed income paper, and are looking more towards
+investment in paper equity and real estate.
+   "So, investment in Canadian paper, especially Canadian
+equity, should have a great future," Watanabe said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22134" NEWID="17419">
+<DATE>29-APR-1987 15:08:51.63</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2350&#31;reute
+r f BC-NIPPON-MINING-PLANS-M   04-29 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON MINING PLANS MORE U.S. JOINT VENTURES</TITLE>
+<DATELINE>    HOUSTON, April 29 - </DATELINE><BODY>Nippon Mining Co Ltd president Yukio
+Kasahara said the state-owned Japanese firm hoped to find
+additional joint venture partners to explore for U.S. oil
+reserves.
+    "We have to secure the stability of oil for Japan,"
+Kasahara told reporters at the World Petroleum Congress. "In
+the exploration area I think Japanese companies are interested
+in joint ventures."
+    Nippon Mining, for example, last September signed an
+agreement with Dupont Co's &lt;DD> Conoco Inc to participate in a
+135 mln dlr exploration venture that includes six wells on land
+and 14 offshore Louisiana. The first joint well drilled is in
+the Gulf of Mexico's Green Canyon Block 182, a deepwater lease
+that Conoco was almost forced to return to the federal
+government undrilled because of low oil prices.
+    "At this moment we have no success but we will proceed with
+Conoco. Maybe by the end of the year we will find oil there,"
+Kasahara said. He said that similar kinds of joint ventures
+"would be best" for Nippon Mining's oil exploration efforts in
+the future.
+    Kasahara also said Nippon Mining was not planning to
+acquire any U.S. refining or marketing outlets. "Retail sales
+in general do not interest the Japanese oil companies," he
+said.
+    When asked whether he believed world oil prices might
+strengthen later this year, Kasahara said he expected prices to
+hold steady at today's level.
+    "Within this year I think the 18 dlrs a barrel will
+continue. But next year I don't know," he said. "For the
+refining business, stability is important. Whether the price is
+18 dlrs or 20 dlrs, we don't care."
+    But encouraging additional upstream efforts may require
+modestly higher oil prices, Kasahara added. "For exploration I
+think 20 dlrs a barrel or 22 dlrs a barrel would be
+reasonable," he said.
+    The key factor in determining whether the Organization of
+Petroleum Exporting Countries (OPEC) would raise its 18 dlr a
+barrel benchmark price is the ongoing war between Iran and
+Iraq, Kasahara said. Saudi Arabia, he added, was an uncertain
+element in the OPEC equation because of its need to maintain
+revenues at the same time the weakened U.S. dollar has reduced
+oil profits.
+    Nippon Mining, which like all Japanese crude buyers is
+benefitting from the drop in the value of the dollar, favors
+continuing to price OPEC crude oil according to U.S. currency
+regardless of the dollar-yen relationship, Kasahara said.
+    "I hope the dollar would strengthen eventually and continue
+to improve. I would prefer to see the (OPEC) pricing remain in
+dollars," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22100" NEWID="17420">
+<DATE>29-APR-1987 15:26:09.50</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2404&#31;reute
+b f BC-/REAGAN-WARNS-ON-FURT   04-29 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN WARNS ON FURTHER DOLLAR FALL</TITLE>
+<DATELINE>    WASHINGTON, April 29 - </DATELINE><BODY>President Reagan said a further
+decline in the value of the dollar could be counterproductive.
+    In written answers to questions put by Japan's Asahi
+Shimbun newspaper, he noted Treasury Secretary James Baker had
+said all seven major industrial nations were committed to
+cooperating in fostering stability of exchange rates.
+    "We all believe a further decline of the dollar could be
+counterproductive," Reagan said.
+    Reagan said the best way for the United States to reduce
+its trade deficit was to export more.
+    He said Japan could make a major contribution to reducing
+external imbalances and sustaining world economic growth by
+adopting policies to promote stronger domestic demand in the
+short-run and, in the long-run, implementing structural reforms
+to ease Japanese dependence on exports as a source of growth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22016" NEWID="17421">
+<DATE>29-APR-1987 15:46:11.10</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2446&#31;reute
+u f BC-/BANGLADESH-AUTHORIZE   04-29 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH AUTHORIZED TO BUY PL 480 COTTON-USDA</TITLE>
+<DATELINE>    WASHINGTON, April 29 - </DATELINE><BODY>Bangladesh has been authorized to
+purchase about 32,000 bales (480 lbs) of U.S. cotton under an
+existing PL 480 agreement, the U.S. Agriculture Department
+said.
+    It may buy the cotton, valued at 10.0 mln dlrs, between May
+6 and August 15, 1987 and ship it by September 15, the
+department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22127" NEWID="17422">
+<DATE>29-APR-1987 15:56:24.90</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2464&#31;reute
+u f BC-COASTAL-(CGP),-TRANSA   04-29 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL &lt;CGP>, TRANSAMERICAN SETTLE GAS DISPUTE</TITLE>
+<DATELINE>    HOUSTON, April 29 - </DATELINE><BODY>Coastal Corp and TransAmerican Natural
+Gas Corp have proposed settling more than four billion dlrs in
+lawsuits with an agreement for natural gas sales and
+transportation between the two Texas firms, a lawyer for
+Coastal said.
+    The proposed settlement also provided for Coastal to
+withdraw its reorganization plan in TransAmerican's bankruptcy
+proceedings.
+    Thomas McDade, a lawyer for Coastal, said the settlement
+included a five-year agreement for TransAmerican to transport
+up to 100 mln cubic feet of natural gas daily from south Texas
+fields to major pipeline interchanges. TransAmerican will also
+sell Coastal up to 125 mln cubic feet of gas at spot market
+prices during the next 10 years.
+    McDade said Coastal would agree to support TransAmerican's
+plan of reorganization pending in federal bankruptcy court.
+    TransAmerican, a Houston-based natural gas production and
+pipeline company, had sued Coastal for 4.1 billion dlrs
+alleging that Coastal chairman Oscar Wyatt wrongly interfered
+with TransAmerican's reorganization efforts. Coastal is one of
+TransAmerican's unsecured creditors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22015" NEWID="17423">
+<DATE>29-APR-1987 16:17:56.64</DATE>
+<TOPICS><D>silver</D></TOPICS>
+<PLACES><D>mexico</D><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G M T
+&#22;&#22;&#1;f2541&#31;reute
+u f AM-silver   04-29 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO SILVER POLICIES UNCHANGED, OFFICIALS SAY</TITLE>
+<DATELINE>    Mexico City, April 29 - </DATELINE><BODY>Mexico's policies for silver
+production and sales have not changed despite Peru's decision
+last week to freeze its silver sales, government mining and
+central bank officials said.
+    The officials also expressed doubt that such a policy
+change was in the works.
+    Mexico is the world's leading silver producer and had an
+output of about 73.9 mln troy ounces last year, according to
+preliminary government figures.
+    Peru, the world's second leading silver producer, last week
+suspended sales of the precious metal in what authorities in
+Lima said was an effort to protect its price in an unstable
+market.
+    Since the decision, Peruvian officials have said they will
+discuss cooperation in the silver market with Mexican officials
+in scheduled meetings.
+    Last week, Peruvian central bank president Leonel Figueroa
+and the head of the central bank of Mexico, Miguel Mancera
+Aguayo met in Mexico City in private talks said aimed at
+consolidating the upward trend of silver prices.
+    Mexican minister of energy and mines, Alfredo del Mazo, is
+also expected to meet soon with his Peruvian counterpart,
+Wilfredo Huayta.
+    However, no Mexican decision has been made to follow the
+Peruvian example of suspending new silver sales, Mexican
+officials said.
+    One Mexican mining sector official working closely with the
+government's production and sales policy told Reuters there
+have been no changes in policy handed down by the central bank.
+    "The same policy that has been followed will be continued,"
+said the official, who asked not to be further identified.
+    A spokesman for the central bank said the bank had no
+information on any silver policy changes.
+    An energy and mines ministry spokesman and an official in
+the ministry's metallurgy department also said no government
+silver policy change had been made.
+    The mining sector official also said he doubted Mexico
+would follow Peru's policy, reasoning that if the two
+governments had intended to coordinate silver policies, Mexico
+would have announced a sales suspension along with Peru last
+week.
+    "It's very probable a change won't be made," the official
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22117" NEWID="17424">
+<DATE>29-APR-1987 16:19:24.00</DATE>
+<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f2546&#31;reute
+u f BC-NY-MEAT-CUTTERS-UNION   04-29 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NY MEAT CUTTERS UNION REJECTS LATEST OFFER</TITLE>
+<DATELINE>    CHICAGO, April 29 - </DATELINE><BODY>Members of local 174 of the United Food
+and Commercial Workers (UFCW) union, representing 1,900 meat
+cutters in New York city, yesterday rejected the latest
+management offer on a new contract.
+    "Members rejected the latest offer by a 2 to 1 margin," Bob
+Wilson, executive officer of local 174 said. But workers have
+been asked to remain on the job while negotiations continue.
+    The union has been in negotiations with the Greater New
+York Association of Meat and Poultry Dealers, a group of meat
+wholesalers and distributors. The contract expired April 26 and
+the latest management offer sought "give backs" in holiday and
+sick leave which the membership rejected, Wilson said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22108" NEWID="17425">
+<DATE>29-APR-1987 16:29:16.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2583&#31;reute
+u f BC-GENRAD-&lt;GEN>-DECLINES   04-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENRAD &lt;GEN> DECLINES COMMENT ON ACTIVITY - NYSE</TITLE>
+<DATELINE>    NEW YORK - </DATELINE><BODY>The New York Stock Exchange said Genrad Inc
+declined to comment on what the exchange called unusual
+activity in its stock today.
+    The exchange said that in view of the unusual market
+activity of Genrad stock it requested the company issue a
+public statement indicating whether there are any corporate
+developments.
+    The company said its policy is not to comment on unusual
+market activity or rumors, the Exchange said.
+    Genrad stock closed at 12-1/2, up 1-1/4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22169" NEWID="17426">
+<DATE>29-APR-1987 17:29:50.25</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2773&#31;reute
+u f BC-/BANGLADESH-KEEPS-OPT   04-29 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH KEEPS OPTIONS OPEN ON GRAIN PENALTY</TITLE>
+<DATELINE>    DHAKA, April 29 - </DATELINE><BODY>Bangladesh is keeping its options open on
+whether to seek a penalty from Continental Grain Co of the
+United States for alleged breach of a wheat shipment contract,
+but is also asking the company to expedite shipment of the
+cargo, a senior Food Ministry official said.
+    The official, who declined to be named, said the company
+under a deal agreed to ship 100,000 tonnes of wheat by April 7
+and another 100,000 tonnes by April 16. But it shipped only
+126,000 tonnes altogether.
+    The supplier will have to pay penalty at a rate of two dlrs
+per tonne for every delayed day according to a document signed
+by both the Food Ministry and the suppliers' agent in Dhaka, he
+told Reuters.
+    "If they arrange quick shipment, we may take a lenient view,"
+the official said. The issue is expected to be decided at a
+cabinet meeting scheduled for next Sunday, he added.
+    A pro-government Bengali daily "Dainik Janata" reported today
+that Continental Grain could face a penalty of 200 mln taka
+(6.49 mln dlrs) for alleged failure to maintain shipment
+schedule.
+    The local agent of Continental Grain, Shafi Ahmed
+Choudhury, told Reuters he applied to the Bangladesh government
+for an extension of the shipment period because loading of
+wheat at London was being delayed due to bad weather and a
+faulty elevator at a grain silo. But the government has not yet
+granted the extension, he said.
+    Choudhury said the freight rate and price of wheat had gone
+up after the deal was signed, which resulted in a financial
+loss to the company.
+    He said he was not "officially informed" of the move to
+impose a penalty, although he was "not totally unaware of it."
+    Continental Grain officials in New York declined to
+comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22025" NEWID="17427">
+<DATE>29-APR-1987 17:36:38.99</DATE>
+<TOPICS><D>crude</D><D>gas</D><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2807&#31;reute
+u f BC-RECENT-U.S.-OIL-DEMAN   04-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RECENT U.S. OIL DEMAND UP 0.6 PCT FROM YEAR AGO</TITLE>
+<DATELINE>    WASHINGTON, April 29 - </DATELINE><BODY>U.S. oil demand as measured by
+products supplied rose 0.6 pct in the four weeks ended April 17
+to 15.91 mln barrels per day (bpd) from 15.82 mln in the same
+period a year ago, the Energy Information Administration (EIA)
+said.
+    In its weekly petroleum status report, the Energy
+Department agency said distillate demand was off 10.2 pct in
+the period to 2.67 mln bpd from 2.98 mln a year earlier.
+    Gasoline demand averaged 6.94 mln bpd, off 1.8 pct from
+7.06 mln last year, while residual fuel demand was 1.17 mln
+bpd, off 12.9 pct from 1.34 mln, the EIA said.
+    Domestic crude oil production was estimated at 8.36 mln
+bpd, down 5.9 pct from 8.88 mln a year ago, and gross daily
+crude imports (excluding those for the SPR) averaged 3.70 mln
+bpd, up 5.2 pct from 3.52 mln, the EIA said.
+    Refinery crude runs in the four weeks were 12.58 mln bpd,
+up 2.0 pct from 12.33 mln a year earlier, it said.
+    In the first 113 days of the year, refinery runs were up
+2.3 pct to an average 12.36 mln bpd from 12.09 mln in the
+year-ago period, the EIA said.
+    Year-to-date demand for all petroleum products averaged
+16.26 mln bpd, up 1.6 pct from 15.99 mln in 1986, it said.
+    So far this year, distillate demand fell 3.1 pct to 3.11
+mln bpd from 3.21 mln in 1986, gasoline demand was 6.71 mln
+bpd, off 0.3 pct from 6.73 mln, and residual fuel demand fell
+6.2 pct to 1.32 mln bpd from 1.40 mln, the EIA said.
+    Year-to-date domestic crude output was estimated at 8.38
+mln bpd, off 7.4 pct from 9.05 mln a year ago, while gross
+crude imports averaged 3.86 mln bpd, up 21.1 pct from 3.19 mln,
+it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22101" NEWID="17428">
+<DATE>29-APR-1987 17:43:41.84</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>panama</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2830&#31;reute
+r f AM-centam-economy   04-29 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENIOR ECONOMIST PREDICTS 30 PCT FALL IN DOLLAR</TITLE>
+<DATELINE>    panama city, april 29 - </DATELINE><BODY>a senior economist predicted the
+u.s. dollar would decline another 30 pct by year-end, but said
+he foresees no significant change in u.s. interest rates.
+    "the market recognizes another 30 pct dollar depreciation is
+necessary," said rudiger dornbush of the massachusetts institute
+of technology.
+    he said the only thing preventing the dollar from dropping
+far below current levels was intervention by central banks in
+definace of market forces.
+    he said artifical support of the dollar had put the world's
+financial markets in an "excessively volatile" position, however,
+and predicted that within about four months "it is going to be
+very difficult to keep the dollar in place."
+    the forecasts, dornbush added, are for "a steady
+deterioration from now on."
+    dornbush, a university of chicago-educated economist, works
+with the national bureau of economic research as well as mit.
+he spoke here at the invitation of panama's national banking
+association, sponsor of a three-day international banking
+convention that got under way yesterday.
+    dornbush discarded fears of soaring u.s. interest rates
+because of the declining dollar.
+    "the u.s. cannot raise interest rates. if it raises interest
+rates all the debts will bounce in the foreign sector ... and
+all over latin america," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22135" NEWID="17429">
+<DATE>29-APR-1987 17:49:13.50</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2839&#31;reute
+u f BC-CHINESE-OFFICIALS-SAY   04-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINESE OFFICIALS SAY DRILLING OUTLOOK BRIGHT</TITLE>
+<AUTHOR>    By KAREN YATES, Reuters</AUTHOR>
+<DATELINE>    HOUSTON, April 29 - </DATELINE><BODY>China's oil drilling industry is one of
+the few bright spots in the international oilpatch with about
+1,000 rigs currently working and annual increases of 80-100
+expected through the end of the century, a Chinese petroleum
+official said.
+    "In China, production concentrates on the domestic market,
+and does not depend on the international price of oil," Zhai
+Guang Ming, a director of the Chinese Ministry of Petroleum,
+told Reuters.
+    Chinese oil sold within the nation's borders is priced at
+about one-third the 18 dlr a barrel benchmark price established
+by the Organization of Petroleum Exporting Countries, Zhai said
+in an interview at the World Petroleum Congress.
+    The optimism in China is in sharp contrast to the United
+States where weak oil prices have prompted a steep fall in the
+number of active rigs from a 1981 peak of 4,500 to only 765
+last week according to the latest Baker Hughes Co rig count.
+    At this time, China actually has more rigs in operation
+than any other country in the world, said Xianglin Hou, another
+member of the 20-man Chinese delegation at the Houston meeting.
+    But this does not mean good news for the sagging oilfield
+equipment industry in the rest of the world, said Bryan Walman,
+international sales manager for Reed Tool Co in Houston.
+    Walman said more than 90 pct of China's drilling activity
+is on land and under the control of the Chinese government
+which requires local manufacture of drilling equipment.
+    But U.S. and other western nations do provide equipment for
+China's fledgling offshore projects as well as participate in
+the actual drilling, he said.
+    Amoco Corp &lt;AN>, for example, has reported a discovery in
+1,000 feet of water in the South China Sea.
+    "We're encouraged," said Alfred Munk, manager of Amoco's
+foreign affairs, "but we need substantial reserves before we
+can do commercial production in a remote area like that."
+     Zhai estimated that current Chinese oil production of 130
+mln tonnes a year should rise to total 200 mln tonnes annually
+by the year 2,000.
+    Chinese crude reserves total 23.6 billion barrels, with
+ultimate resources estimated at 69.3 billion barrels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22128" NEWID="17430">
+<DATE>29-APR-1987 18:20:24.43</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2875&#31;reute
+r f BC-/U.S.-INTERIOR-SECRET   04-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. INTERIOR SECRETARY OPPOSES OIL IMPORT FEE</TITLE>
+<DATELINE>    LOS ANGELES, April 29 - </DATELINE><BODY>U.S. Interior Secretary Donald
+Hodel said he does not support an oil import fee as a means to
+stimulate domestic oil and gas production.
+    "I am an advocate for incentives for exploration," Hodel
+said, but added, "I do not favor an oil import fee."
+    "It would inject the federal government so deeply back in
+to the process, we would never get the government out again,
+and I think that would be in the long term disinterest of the
+nation," Hodel said in an address to a group of local business
+executives.
+    Earlier today, Congressmen from oil producing states
+introduced a bill that would impose a fee on oil imports.
+    Hodel said he supports drilling incentives, such as repeal
+of the Windfall Profits Tax and Fuel Use Act and deregulation
+of natural gas.
+    The secretary also said oil and gas exploration offshore
+California and in the Artic National Wildlife Refuge is
+necessary to prevent the U.S. from becoming too dependent on
+foreign supplies of oil for its energy needs.
+    Failure to approve such exploration, Hodel said, would lead
+to greater U.S. dependence on foreign sources of oil.
+    "In the next two to five years, no matter what we do today,
+we are very likely to find the U.S becoming 50 pct or more
+dependent on imports for its oil requirements," Hodel said.
+    If OPEC were to raise oil prices sharply, Congress would
+likely act to have the federal government fix gasoline prices
+and allocate supplies, Hodel said.
+    "If they allocate supplies you and I, in the same
+two-to-five year time frame, could well find ourselves sitting
+back in gas lines," Hodel said.
+    Exploration for oil and gas in offshore areas and in the
+Arctic National Wildlife Refuge would not jeopardize
+environmentally sensitive areas, Hodel said.
+    "We are convinced we can meet and resolve every
+environmental concern that is raised," Hodel said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22129" NEWID="17431">
+<DATE>29-APR-1987 18:26:40.54</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E Y
+&#22;&#22;&#1;f2882&#31;reute
+u f BC-FTC   04-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FTC FINDS 17 BILLION DLR COST IN OIL IMPORT FEE</TITLE>
+<DATELINE>    WASHINGTON, April 29 - </DATELINE><BODY>An oil import fee could cost
+consumers nearly 17 billion dlrs a year and undermine long-term
+U.S. energy security by leading to a quicker depletion of 
+domestic reserves, a Federal Trade Commission study said.
+    The study by the FTC's bureau of economics found that a
+five dlr a barrel tariff on crude oil and gasoline oil imports
+would increase costs to consumers by 14 to 16.7 billion dlrs a
+year.
+    After weighing the benefits of such a tariff against the
+costs, the study found a five dlr a barrel import fee would
+have a net cost to the economy of 3.6 billion dlrs a year.
+    Several oil import fee proposals ranging from two to 10
+dlrs a barrel have been made in Congress in an effort to cut
+the federal budget deficit and maintain the momentum for energy
+conservation programs, which have been hurt by cheaper oil.
+    But by making foreign oil more expensive, the tariffs would
+reduce oil imports and force greater consumption of domestic
+oil, which would deplete U.S. reserves faster, the study found.
+    "Any attempt to increase our energy security by limiting
+imports will actually reduce our long-run energy security by
+speeding the depletion of domestic reserves," the study said.
+    The five dlr a barrel tariff would also cut domestic
+petroleum refiners' profits by 7.5 to 10 billion dlrs a year,
+increase domestic crude oil producers' profits by about 13
+billion dlrs a year and raise government revenues by 6.7 to 
+8.2 billion dlrs a year, the FTC said.
+    Under the Reagan administration, the FTC has consistently
+opposed government regulation of the oil industry at the state
+and federal levels.
+    "This study backs up my belief that government regulation
+and interference with competition hurt both the market and
+consumers," FTC Chairman Daniel Oliver said in a statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22059" NEWID="17432">
+<DATE>29-APR-1987 19:02:59.88</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2933&#31;reute
+r f PM-SPAIN   04-29 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GONZALEZ PLEDGES FIRM ANTI-INFLATION BATTLE</TITLE>
+<DATELINE>    MADRID, April 29 - </DATELINE><BODY>Prime Minister Felipe Gonzalez, facing
+an increasingly violent wave of labour unrest, has told
+Spaniards he is determined to bring down inflation even if it
+means slower growth and fewer votes for his Socialist Party.
+    In a 50-minute television interview broadcast live,
+Gonzalez criticized widespread protests which have blown up
+less than a year after he won a resounding general election
+victory.
+    "It seems so important to us that sometimes I ask myself
+'Why don't they understand when I explain this?'" Gonzalez said
+of the anti-inflation strategy designed to modernise Spain and
+make its economy competitive within the European Community.
+    Gonzalez said the illegal work-to-rule at the airline was
+grounding more and more planes and producing a backlog of
+maintenance work which would not be cleared until the summer.
+    "The comfortable thing to do would be to give in and have no
+problems," the 44-year-old prime minister said, adding that
+nothing could justify the use of violence in a democracy.
+    Gonzalez said he still believed it was possible to reduce
+inflation to five pct this year from the current rate of 6.3
+pct, even though other government officials have admitted the
+target may now be beyond reach.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22136" NEWID="17433">
+<DATE>29-APR-1987 19:22:52.24</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2957&#31;reute
+r f AM-offshore   04-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OFFSHORE OIL INDUSTRY WAITING FOR TURNAROUND</TITLE>
+<AUTHOR>     By PETER ELSWORTH, Reuters</AUTHOR>
+<DATELINE>     HOUSTON, April 29 - </DATELINE><BODY>The depressed offshore oil industry is
+still waiting for a turnaround despite increasing optimisim
+that world oil prices have stabilized around 18 dlrs a barrel.
+     "The perception of a turnaround comes from the change in
+prices," Charles Siess Jr, vice chairman of Marathon
+Manufacturing Co, a subsidiary of USX Corp &lt;X>, and chairman of
+the National Ocean Industries Association, said in a press
+briefing at the Offshore Technology Conference.
+     "From the level of industry activity, there is no
+turnaround," he added.
+     John Huff, president of Oceaneering International Inc
+&lt;OCER>, was slightly more optimistic. "We are through the low
+part of the cycle -- there's an increase in interest for
+projects," he said, adding, "whether it comes to orders, who
+knows?"
+     The oil industry is recovering from last year's dramatic
+fall in oil prices, from 30 dlrs a barrel in late 1985 to under
+10 dlrs in mid-1986. Particularly hard hit were the service
+companies that provide the oil rigs with keys products, such as
+pipe and tools.
+     Earlier in the week, Secretary the Interior Donald Hodel
+announced -- at the Conference -- the government's new
+five-year offshore oil and gas leasing program, proposing 38
+sales, including tracts in the Gulf Coast, offshore California
+and in the Arctic National Wildlife Refuge in Alaska.
+     For the most part, the industry was disappointed with the
+plan, with most arguing that additional areas should have been
+included. At the same time, most were supportive of Hodel.
+     Environmental concerns, particularly in California, had
+lobbied strenuously against offshore oil development.
+     "The (Outer Continental Shelf) leasing program fails to
+take into account the environmental performance of the oil
+industry," said Bill Bradford, executive vice president of
+Dresser Industries &lt;DI> and president of the Petroleum
+Equipment Suppliers Association.
+     Huff quoted National Academy of Science figures showing
+offshore rigs contributed only two pct of petroleum pollution
+in the oceans, while tankers were responsible for 47 pct and
+municiple dumping 31 pct.
+     "The OCS is the keystone of the domestic reserve
+development program," said Siess, adding that with oil imports
+rising to 50 pct of U.S. oil consumption, the issue was one of
+national security.
+     Looking ahead, Constantine S. Nicandros, president of
+Dupont's &lt;DD> Conoco Inc subsidiary, said, "We are more likely
+to see a five pct increase in spending this year than the
+widely-forecast five pct decrease."
+     Other optimistic signs include the recent sale in New
+Orleans of offshore tracts in the Gulf of Mexico which raised
+290 mln dlrs against an expected 90 mln.
+     However, Ronald Tappmeyer, vice chairman of Reading and
+Bates Drilling Co &lt;RB>, said the oversupply of rigs would
+continue for the near-term, but added demand for
+technologically advanced rigs would increase in the 1990s.
+     Much of that demand is seen coming from the move into
+icreasingly deeper waters, with the projects becoming ever more
+expensive and needing five to ten years to develop.
+     Over 50 pct of the sales in New Orleans were for deep
+water tracts.
+     Ronald L. Geer, a consultant with Shell Oil Co, a
+subsidiary of Royal Dutch/Shell &lt;RD>, and president of the
+Marine Technology Society, said the technology existed to drill
+exploratory wells in up to 10,000 feet of water.
+     Geer said the industry was particularly interested in the
+Green Canyon field offshore Louisiana where a number of
+companies, including Shell, Conoco, USX Corp's Marathon Oil Co,
+Standard Oil Co &lt;SRD> and Placid Oil Co, are working, many of
+them testing new deep-water technologies involving floating
+platforms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22060" NEWID="17434">
+<DATE>29-APR-1987 22:38:50.43</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3033&#31;reute
+u f BC-VENEZUELA-APPROVES-WA   04-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA APPROVES WAGE INCREASES, PRICE CONTROLS</TITLE>
+<DATELINE>    CARACAS, April 29 - </DATELINE><BODY>Venezuelan president Jaime Lusinchi
+approved a general wage increase in the form of bonuses ranging
+from 20 to 30 pct and a 120-day price freeze on a basket of
+basic consumer goods.
+    Both measures, which take effect on May 1, were approved by
+the cabinet. They will be announced to the nation by Lusinchi
+in a televised address tonight but the text of the decrees was
+released this afternoon.
+    Businessmen, who met Lusinchi, opposed the pay rise, saying
+it will fuel inflation. The inflation rate was 11.5 pct in 1986
+and private economists say it will be 25 to 30 pct in 1987.
+    The central bank said first quarter inflation was 6.3 pct.
+    The wage increase for public and private sector employees
+will be 30 pct on salaries of up to 2,100 bolivars a month. For
+salaries of from 2,101 to 6,100 bolivars 25 pct and for those
+of 6,101 to 20,000 bolivars 20 pct.
+    The measures were taken in response to a request from the
+Venezuelan confederation CTV for an increase to offset the loss
+in the purchasing power of workers' salaries. It estimated the
+loss at 40 pct.
+    The general wage rise is the third granted by Lusinchi
+since his government took office in February 1984.
+    The wage increases are a bonus and will not be considered
+in calculating benefits or severance pay, the decree said.
+    At the same time, Lusinchi declared a freeze on lay-offs
+and firings for the next 120 days.
+    The price freeze applies to a group of 120 foods and other
+consumer goods declared to be "of primary necessity."
+    It does not apply to prices charged by agricultural
+producers or to goods for which the price is falling.
+    The decree establishes fines of between 1,000 and 500,000
+bolivars for merchants who violate the price control measure.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5773" NEWID="17435">
+<DATE> 1-JUN-1987 00:08:28.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0013&#31;reute
+u f BC-HOSPITAL-CORP-&lt;HCA>-G   06-01 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOSPITAL CORP &lt;HCA> GETS FUNDS FOR RESTRUCTURING</TITLE>
+<DATELINE>    NASHVILLE, TENN., May 31 - </DATELINE><BODY>Hospital Corp of America said it
+received financing commitments of about 1.9 billion dlrs to pay
+for its previously announced reorganization, which was approved
+by the company's board of directors today.
+    Under the reorganization, Hospital Corp will spin off over
+100 hospitals to a new, independent firm for 1.8 billion dlrs
+in cash and preferred stock and warrants in the new company,
+which will be owned by an employee stock ownership plan, ESOP.
+    Hospital Corp said that Drexel Burnham Lambert Inc has
+agreed to provide bridge financing, or to find buyers for debt
+of the new company, for an amount of up to 956 mln dlrs.
+    This financing will comprise 270 mln dlrs of senior
+unsecured ESOP debt and 686 mln dlrs of unsecured subordinated
+financing for the new company, Hospital Corp said.
+    Wells Fargo Bank NA has agreed to syndicate up to 940 mln
+dlrs of secured bank financing, comprising a 400 mln dlr
+revolving credit a separate 540 mln dlr term loan. Wells Fargo
+has committed itself to fund an aggregate 400 mln dlrs of these
+loans. Hospital Corp said it will not guarantee any of the
+debt. The transaction will cut the number of hospitals the
+company owns to about 125 from more than 230. It is expected to
+be completed in the third quarter of the year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5774" NEWID="17436">
+<DATE> 1-JUN-1987 00:24:47.47</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uae</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0021&#31;reute
+u f BC-IRAN-SAYS-IT-WILL-COM   06-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAYS IT WILL COMBAT GULF INTERVENTION</TITLE>
+<DATELINE>    ABU DHABI, June 1 - </DATELINE><BODY>Iranian foreign minister Ali Akbar
+Velayati warned that Iran would combat any superpower
+intervention in the Gulf.
+    "Iran, which is the most powerful (country) in the Gulf...
+Will not allow the superpowers or any other foreign forces to
+interfere in the region," he said.
+    Velayati, visiting the United Arab Emirates on the first
+leg of a Gulf tour, told reporters Iran had the "capabilities
+and means" to prevent any interference. President Reagan has
+pledged to keep the Gulf sealanes open and to protect Kuwaiti
+tankers from possible Iranian attack.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5775" NEWID="17437">
+<DATE> 1-JUN-1987 00:26:05.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0022&#31;reute
+u f BC-SRI-LANKA-OFFERS-250   06-01 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKA OFFERS 250 MLN RUPEES IN T-BILLS</TITLE>
+<DATELINE>    COLOMBO, June 1 - </DATELINE><BODY>The Central Bank said it will offer offer
+250 mln rupees worth of three-month treasury bills in a tender
+closing on June 4.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5776" NEWID="17438">
+<DATE> 1-JUN-1987 00:28:04.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0024&#31;reute
+u f BC-JAPAN-VARIABLE-LIFE-I   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN VARIABLE LIFE INSURANCE EARNS HIGH RETURNS</TITLE>
+<AUTHOR>    By Yoshiko Mori, Reuters</AUTHOR>
+<DATELINE>    TOKYO, June 1 - </DATELINE><BODY>Companies offering variable life insurance
+policies, introduced in Japan in October, look set to report
+sparkling results when they report on fund performance later
+this month, fund managers at major insurance companies said.
+    The managers told Reuters some insurers showed variable
+life returns topping 50 pct on an annual basis in the five
+months to March 31. Industry sources said all 17 Japanese and
+U.S. Insurers offering variable life policies here have earned
+returns of more than 10 pct on their investments.
+    Returns on variable life policies, which are paid when
+policies are surrendered, depend on the performance of funds
+run by insurers.
+    Managers said strong results are due to the loading of
+funds into the buoyant Tokyo stock market and into convertible
+bonds and attractive short-term instruments such as large yen
+time deposits.
+    Japanese share prices rose 30 pct in absolute terms between
+November 1 and March 31. Key bond yields fell to around four
+pct from five pct in the same period.
+    "Variable life avails itself of the times and clients are
+likely to be attracted after the impressive results to be made
+public in early June," Ichirou Hayashi, general manager of
+Nippon Life Insurance Co Ltd's fund management office said.
+    The Finance Ministry does not allow disclosure of insurance
+company figures for the year ended March 31 until early June.
+    Nippon Life, the largest Japanese insurer, had about 50,000
+investors in variable life by end-March while the three U.S.
+Firms which offer variable life here have a total of some 7,550
+investors, fund managers said.
+    Equitable Life Insurance Co Ltd, American Life Insurance Co
+Ltd and Sony Prudential Life Insurance Co, which is a joint
+venture between Sony Corp and Prudential Life Assurance of the
+U.S., Are the three U.S. Insurers offering variable life here.
+   "Although (variable life) appears to be a short-term
+financial instrument with death benefit, its first priority is
+to raise as much cash value as it can over the long period,"
+said Ichiro Kono, managing director and chief actuary of Sony
+Prudential. Variable life guarantees a fixed death benefit.
+    "Variables are also attractive to executives of companies
+who wish to receive them as retirement funds with options for
+settlement in annuities," Kono said.
+    Nippon Life's Hayashi said sales of variable life were
+shaping up well as interest rate consciousness grows.
+    Insurance managers said they expect variables to survive
+any credit market collapse since the funds should be able to
+react to interest rate fluctuations more quickly than huge
+general insurance accounts, assuming fund managers grow more
+sophisticated in global fund and risk management.
+    Japanese life insurers have cut dividends paid to holders
+of regular insurance by as much as 0.45 of a percentage point
+since April 1 due to declining domestic interest rates.
+    Fund managers said regular insurance funds are invested
+more conservatively with decisions based on long-term
+strategies. Major life insurers are expected to report huge
+exchange losses, estimated at over 2,000 billion yen, on
+foreign investment for 1986/87, they said.
+    "Asset mix is more of a concept for larger funds, not for
+our variables, especially after the huge currency losses made
+in the last fiscal year," Hayashi of Nippon Life said.
+    Industry analysts said shifts of funds ahead of tax changes
+due in October are helping boost the demand for variable life.
+    The government is expected to impose a 20 pct withholding
+tax on interest from certain instruments including single
+premium endowment insurance, much of which is maturing now, but
+variable life will be free of such a tax.
+    But Sony Prudential's Kono said, "A large shift of funds
+from single premium endowment to variable life is unlikely,
+because investors in the former are more short-term
+return-minded, while the latter doesn't guarantee short-term
+cash value."
+    Sony Prudential and Equitable Life each have three separate
+variable life accounts. Equitable's funds specialise in
+Japanese stocks, U.S. Stocks and money market instruments while
+Sony's covers bonds, stocks and general investment.
+    Japanese insurers have only one variable account each.
+    The Finance Ministry allowed sales of variable life
+endowment with terms over 10-years and whole life insurance
+from October 1 last year but allowed single premiums only on
+the latter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5777" NEWID="17439">
+<DATE> 1-JUN-1987 00:30:09.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0027&#31;reute
+f f BC-Toshiba-group-net-34.   06-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Toshiba group net 34.18 billion yen (59.44 billion) year to March 31
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5778" NEWID="17440">
+<DATE> 1-JUN-1987 00:30:28.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0028&#31;reute
+b f BC-TOSHIBA-CORP-&lt;TSBA.T>   06-01 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOSHIBA CORP &lt;TSBA.T> YEAR ENDED MARCH 31</TITLE>
+<DATELINE>    TOKYO, June 1 -
+    </DATELINE><BODY>Group shr 11.86 yen vs 19.24
+    Net 34.18 billion vs 59.44 billion
+    Pretax 78.02 billion vs 130.52 billion
+    Operating 51.58 billion vs 121.50 billion
+    Sales 3,308 billion vs 3,373 billion
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5779" NEWID="17441">
+<DATE> 1-JUN-1987 00:32:25.42</DATE>
+<TOPICS><D>gas</D><D>fuel</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-SINGAPORE-OIL-COMPANI   06-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE OIL COMPANIES TO SET OWN PUMP PRICES</TITLE>
+<DATELINE>    SINGAPORE, June 1 - </DATELINE><BODY>Singapore oil companies can set their
+own petrol and diesel prices at the pump from today subject to
+ceilings determined by their individual wholesale prices, The
+Ministry of Trade and Industry said.
+    The ministry previously revised pump prices and announced
+the changes for the oil companies.
+    Lead content of petrol is further cut to 0.15 gm/litre from
+0.4 gm from today. Pump prices of the lower lead petrol grades
+are expected to be announced soon by the oil companies which
+have said wholesale prices are between 1.3 cents/litre to 3.2
+cents higher than previous grades.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5780" NEWID="17442">
+<DATE> 1-JUN-1987 00:35:44.06</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0038&#31;reute
+u f BC-PERU-CONSUMER-PRICES   06-01 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU CONSUMER PRICES RISE 5.9 PCT IN MAY</TITLE>
+<DATELINE>    LIMA, May 31 - </DATELINE><BODY>Peru's consumer price index rose 5.9 pct in
+May to 15,706.5 (base 1979) compared to 6.6 pct in April and
+3.3 pct in May 1986, the National Statistics Institute said.
+    It said accumulated inflation for the first five months of
+this year was 33.8 pct against 24.1 pct for the same period in
+1986.
+    Inflation for the year ending May 1987 was 75.7 pct
+compared to 76.8 pct for the year ending May 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5781" NEWID="17443">
+<DATE> 1-JUN-1987 00:36:14.37</DATE>
+<TOPICS><D>grain</D><D>orange</D><D>sugar</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0039&#31;reute
+u f BC-CHINA-PROVINCE-BECOME   06-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA PROVINCE BECOMES GRAIN IMPORTER</TITLE>
+<DATELINE>    PEKING, June 1 - </DATELINE><BODY>The south China province of Guangdong is
+importing millions of tonnes of grain a year from overseas and
+other parts of China because farmers have switched from grain
+to more profitable crops, the Peking Review magazine said.
+    The official magazine said the province's grain area fell
+to 4.33 mln hectares in 1985 from 5.7 mln in 1978 out of a
+total farmland area of 7.4 mln hectares.
+    Farmers have switched to cash crops such as sugarcane,
+bananas, oranges, papaya and freshwater fish-farming, in part
+to supply major consumer markets in Hong Kong and Macao, the
+magazine said. It gave no 1986 area figures.
+    The magazine said China aims to keep 80 pct of national
+farmland under grain, 10 pct under cash crops and 10 pct under
+other crops, although the ratio will vary from place to place.
+    It said primitive cultivation methods, labour-intensity and
+low productivity make grain the least profitable farm
+commodity. Farmers in one central region of China can from 0.1
+hectare earn 2,250 yuan a year from vegetables, 375-450 yuan
+from cotton or 225 yuan from grain, it added.
+    It said consumer prices for foodgrain can be adjusted only
+gradually as part of a reform of the entire pricing system.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5782" NEWID="17444">
+<DATE> 1-JUN-1987 00:52:31.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F AI
+&#22;&#22;&#1;f0049&#31;reute
+u f BC-EC-URGED-TO-ACT-QUICK   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC URGED TO ACT QUICKLY ON EUROPEAN AIRFARE CUTS</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>The European Commission should make urgent
+and concrete proposals to break the deadlock over moves to cut
+sky-high European airfares, an independent report said.
+    The report by the Institute of Economic Affairs (IEA) said
+costs, fares and profits on international services within
+Europe are the highest in the world although European airlines
+are less efficient and not perceptibly safer than their cheaper
+U.S. Equivalents.
+    "The European airlines protect their position through the
+secrecy they maintain over the costs and profits of any group
+of services," the report said.
+    The airlines also protect themselves through "the ferocity
+with which (they) resist any relaxation of the monopolistic
+practices which protect their profits," the report said.
+    Britain, a strong advocate of deregulation, has been trying
+to push measures to introduce greater competition among
+Europe's airlines but negotiations foundered at the end of 1986
+over discount and deep discount fares.
+    The IEA report said European governments and the
+Commission, the EC executive authority, had been
+extraordinarily lax about the airlines' secretiveness, showing
+"a lack of concern for the interests of the traveller."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5783" NEWID="17445">
+<DATE> 1-JUN-1987 01:17:35.61</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0062&#31;reute
+f f BC-Bundesbank's-Schlesin   06-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bundesbank's Schlesinger says no plan to cut discount rate-Nihon Keizai newspaper
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5784" NEWID="17446">
+<DATE> 1-JUN-1987 01:19:26.93</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0063&#31;reute
+u f BC-SINGAPORE-PETROLEUM-C   06-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE PETROLEUM CO REVISES PETROL PUMP PRICES</TITLE>
+<DATELINE>    SINGAPORE, June 1 - </DATELINE><BODY>Singapore Petroleum Co Pte Ltd will
+revise pump prices of petrol from June 2, an official said.
+    Grade 97 octane with 0.15 gm/lead will be 96.8 cents/litre
+against 94 cents previously for 0.4 gm lead. Grade 92 octane
+will be 90.6 cents against 87.6 previously.
+    SPC's price revision follows the Ministry of Trade and
+Industry's move to liberalise petrol pricing by allowing oil
+companies to set their own pump prices.
+    New grades of petrol with lower lead content are sold in
+Singapore from today in line with the Ministry of Environment's
+regulations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5785" NEWID="17447">
+<DATE> 1-JUN-1987 01:19:37.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0064&#31;reute
+u f BC-KOREA-ELECTRIC-POWER   06-01 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOREA ELECTRIC POWER PLANS FIRST EUROYEN BOND</TITLE>
+<DATELINE>    SEOUL, June 1 - </DATELINE><BODY>Korea Electric Power Corp plans to issue
+its first euroyen bond, a 7.5 billion yen issue with six-year
+maturity carrying a coupon of less than five pct, company
+officials said.
+    They said the bond would be launched in London later this
+month with Daiwa Securities Co Ltd as lead manager.
+    The officials gave no further details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5786" NEWID="17448">
+<DATE> 1-JUN-1987 01:25:56.05</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0069&#31;reute
+b f BC-BUNDESBANK-REPORTED-T   06-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK REPORTED TO HAVE NO PLAN FOR RATE CUT</TITLE>
+<DATELINE>    TOKYO, June 1 - </DATELINE><BODY>Bundesbank Deputy President Helmut
+Schlesinger said the West German central bank had no plan to
+cut its three pct discount rate, Nihon Keizai newspaper
+reported.
+    The financial daily quoted Schlesinger as saying in an
+interview that the bank would try to maintain current interest
+rate levels for the time being.
+    He also told the newspaper he saw no need for large-scale
+intervention in the foreign exchange market because exchange
+rates are stable.
+     Earlier, Schlesinger told a press conference that the
+Bundesbank would continue its policy of maintaining short-term
+interest rates at a low level for currency stability.
+    He also said he was satisfied with the current dollar/mark
+exchange rate but added that he was not certain if it was ideal
+for the West German economy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5787" NEWID="17449">
+<DATE> 1-JUN-1987 01:33:45.10</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0074&#31;reute
+u f BC-SEOUL-ANNOUNCES-MORE   06-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEOUL ANNOUNCES MORE TARIFF CUTS FOR U.S.</TITLE>
+<DATELINE>    SEOUL, June 1 - </DATELINE><BODY>South Korea will cut import taxes on 50
+items, including construction equipment, photographic film,
+cigarettes and pipe tobacco, to help reduce its trade surplus
+with the United States, the finance ministry said.
+    The tariff cuts, of between five and 30 percentage points,
+take effect on July 1.
+    This brings to 157 the number of goods on which import
+taxes have been cut this year, a ministry official said.
+    The 157 are among about 290 items on which Washington has
+asked Seoul to lower tariffs, he added.
+    Today's announcement follows Saturday's removal of import
+curbs on 170 products. For 46 of those products, the U.S. Had
+had sought free access to the South Korean market.
+    "This is in line with the government's policy to limit our
+trade surplus with the United States to help reduce trade
+friction between the two countries," the official said.
+    South Korea's trade surplus with the U.S. Rose to 7.3
+billion dlrs in 1986 from 4.3 billion in 1985. Officials said
+the surplus was expected to widen further in 1987 but Seoul
+would try to hold it below eight billion dlrs.
+    The finance ministry said tariffs would be cut later this
+month on a further 53 items, including acrylic yarn and
+ethylene, by an average 7.7 percentage points in order to check
+inflation.
+    The officials said the tariff cuts would contribute to
+holding wholesale and consumer price rises at less than three
+pct this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5788" NEWID="17450">
+<DATE> 1-JUN-1987 02:05:45.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0092&#31;reute
+u f BC-LATIN-DEBTORS-MAKE-NE   06-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATIN DEBTORS MAKE NEW PUSH FOR DEBT RELIEF</TITLE>
+<AUTHOR>    By Keith Grant, Reuters</AUTHOR>
+<DATELINE>    GUANAJUATO, Mexico, June 1 - </DATELINE><BODY>Rising interest rates and
+protectionist trade policies had prompted a new push by Latin
+American nations to win debt relief, regional foreign and
+finance ministry officials said here.
+    Officials of the Cartagena group of 11 debtor nations met
+here this week to draw up new proposals in reaction to what
+they called a deteriorating world panorama, and Citicorp's
+decision to create reserves against third world loans.
+    (SEE ECRA FOR SPOTLIGHT HEADLINES)
+    "We are looking at trade, interest rates and financial
+flows.....In order to put forward a basis for some permanent
+solutions," Mexico's public credit director Angel Gurria said.
+    Recent developments have led to moves for a summit of Latin
+American presidents and debate on new solutions.
+    Ideas include schemes to link debt payments to trade, and
+proposals for stable interest rates. The latter was proposed in
+a letter this week from Cartagena to G-7 leaders who are due to
+attend a summit in Venice this month.
+    Another idea is to include debt under Gatt negotiations,
+but Cartegena ministers have yet to endorse any proposals.
+    Speaking earlier in New York, Uruguay's Foreign Minister
+and Cartagena group chairman Enrique Iglesias said Citicorp's
+decision could discourage new lending. But it might help
+Cartagena's bid to have old and new debt treated separately.
+    The Cartagena group, which has not met at ministerial level
+for over a year, wants to repay debt contracted before the debt
+crisis at the low interest rates prevailing in the 1970s. It
+would pay new loans at current market rates.
+    "Many countries fear that what they have gained in months of
+arduous debt negotiations they can lose at a stroke with a one
+point rise in interest rates," one official here said.
+    "The new increase in interest rates has come precisely when
+we thought they had still not come down enough," Iglesias said.
+    Latin American officials are also concerned that varying
+interest spreads granted to different debtor nations could
+generate discord, as with the Philippines' recent protest at
+being given less favourable terms than Argentina.
+    There has been speculation Venezuela would demand a cut in
+its 7/8 pct spread, but public finances director Jorge Marcano
+said here there were no plans to renegotiate terms.
+    This week's meeting came after three Latin American
+presidents meeting in Montevideo called for stable interest
+rates on the region's 380 billion dlr foreign debt. It was
+called to review developments since the last ministerial
+meeting in February 1986 and to think up new ideas.
+    Since the last ministerial meeting there have been some
+advances, such as Mexico's growth-oriented 77 billion dlr loan
+and refinancing package agreed last September. But there have
+also been setbacks, like Brazil's payments moratorium.
+    The loans expected in the Baker plan have not materialized
+and debtors have been forced to browbeat reluctant banks.
+    "We have clearly stretched the restructuring process to its
+limits and and the question is now where do we go from here?" a
+senior Mexican foreign ministry official said.
+    Existing debt strategy has been based on nursing debtor
+economies back to a position where they can again service their
+debts and qualify for new loans.
+    But after five years of economic adjustment, Latin American
+debtors are currently unable to raise voluntary credits, with
+the exception of Colombia. Only Venezuela is paying back
+principal. Most countries have no prospect of paying their
+debts in the foreseeable future.
+    Citicorp has made clear its decision to move three billion
+dlrs to reserves does not mean it is writing-off the loans.
+    Latin American officials here said Citicorp's move would
+probably boost trading of discounted third world debt in the
+secondary market, implicitly downvaluing the amount owed. But
+they said it might make new lending even more remote.
+    Discounted debt can be bought by foreign investors through
+debt-equity schemes that generate new resources for debtor
+economies. Chile and Mexico are currently front-runners in this
+field, but most Latin American officials see these schemes as
+limited and no panacea for the overall problem.
+    Most Latin officials set greater store on building up
+export income than on debt-equity schemes.
+    Exports hit 97.7 billion dlrs in 1984, cutting the region's
+debt service ratio to 36 pct, but they fell to 78.3 billion
+last year. So, even though interest rates had dropped the ratio
+hardly changed.
+    The Cartagena group has called for the debt-trade link to
+be recognized before, but has not made detailed proposals.
+    Officials said initiatives discussed here would be
+submitted to foreign and finance ministers of the 11 nations,
+before IMF and World Bank annual meetings later this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5789" NEWID="17451">
+<DATE> 1-JUN-1987 02:13:20.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0102&#31;reute
+f f BC-TOKYO-STOCK-INDEX-RIS   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TOKYO STOCK INDEX RISES 91.19 POINTS TO RECORD CLOSING 24,992.78 - BROKERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5790" NEWID="17452">
+<DATE> 1-JUN-1987 02:19:36.44</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0106&#31;reute
+u f BC-U.S.-STUDY-SAYS-TARIF   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. STUDY SAYS TARIFFS AND QUOTAS COULD BACKFIRE</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>The use of tariffs and quotas to
+reduce the flow of foreign goods into the United States will do
+little to cut the nation's swelling trade deficit, a government
+study said.
+    In fact, the Federal Trade Commission (FTC) report said,
+such protectionist policies could make U.S. Products less
+competitive in the world marketplace by raising the cost of
+imported products that are re-exported in different forms.
+    "Such policies are much more likely to hurt, rather than
+help, the productive capabilities of the U.S. Economy," it said.
+    The 218-page report, written by FTC economists John Hilke
+and Philip Nelson, blamed the rising trade shortfall, which
+climbed to a record 166.3 billion dlrs last year, on shifting
+currency exchange rates and growing U.S consumer demand.
+    Other factors commonly blamed for the deficit, such as
+foreign trade practices, deteriorating U.S. Industrial
+competitiveness, high labour costs and government restrictions
+on mergers, added little to the problem, it said.
+    "Although each industry's competitiveness affects the level
+of imports and exports in that industry, in general we find
+that there have been no significant industry-specific changes
+affecting competitiveness that would explain the increase in
+the overall trade deficit," the study said.
+    "To the extent any government action is needed to deal with
+the trade deficits, policies should focus on economy-wide
+phenomena such as exchange rates and relative economic growth,"
+the FTC study said.
+    Supporting its conclusion that broad-based economic shifts
+were the cause of the increase in the trade deficit, the report
+said it found that nearly all U.S. Industries lost some
+domestic market share to foreign competitors in the 1980s.
+    It also said it found a "fairly direct relationship" between
+the increased trade deficit and the influence of shifting
+currency exchange rates, U.S. Economic growth and domestic
+demand for goods and services, which has outpaced foreign
+consumer demand.
+    The study examined seven factors which have been commonly
+blamed for the trade deficit: foreign government subsidies and
+trade barriers to protect foreign industries, a lack of
+investment in U.S. Industry, declining research and development
+in U.S. Industry, high labour costs, union work rules, the oil
+prices rises of the 1970s and U.S. Antitrust regulations.
+    In each case, the study found little or no evidence that
+the factor had any impact on the trade deficit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5791" NEWID="17453">
+<DATE> 1-JUN-1987 02:26:26.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0113&#31;reute
+u f BC-TOSHIBA-HOPES-EXPORTS   06-01 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOSHIBA HOPES EXPORTS TO U.S. NOT HURT</TITLE>
+<DATELINE>    TOKYO, June 1 - </DATELINE><BODY>A senior Toshiba Corp &lt;TSBA.T> executive
+said he hoped the alleged illegal export of high technology
+equipment to the Soviet Union by a Toshiba subsidiary would not
+hurt the parent company's exports to the U.S.
+    Toshiba's 50-pct subsidiary &lt;Toshiba Machine Co Ltd> "is a
+completely independent company with independent management,"
+Toshiba Corp senior vice-president Osamu Iemura told a press
+conference.
+    "We want to have that fact understood overseas," he said.
+    Iemura said he had no information to suggest the U.S.
+Defence Department had broken off talks with Toshiba on the
+possible procurement of lap top computers because of the
+illegal exports by Toshiba Machine.
+    Kyodo News Agency, quoting the weekly magazine U.S. News
+and World Report, said on Saturday the U.S. Air Force had
+decided to cancel an agreement to buy 100 mln dlrs worth of
+computers because of Toshiba Machine's illegal exports.
+    "We have no contract. The U.S. Defence Department has been
+negotiating for procurement with several companies including
+Toshiba," Iemura said.
+    Last week, police said they had arrested two Toshiba
+Machine employees on suspicion of illegally exporting high
+technology equipment to the Soviet Union.
+    The Japanese government has already banned further
+shipments of goods to Communist states by Toshiba Machine for
+one year and by its export agency C. Itoh and Co Ltd &lt;CITT.T>
+for three months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5792" NEWID="17454">
+<DATE> 1-JUN-1987 02:33:01.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0117&#31;reute
+u f BC-ISRAELI-BANK-SAYS-ELE   06-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAELI BANK SAYS ELECTION COULD HARM ECONOMY</TITLE>
+<DATELINE>    JERUSALEM, June 1 - </DATELINE><BODY>Israel's central bank said in its
+annual report the country made striking gains in 1986 under an
+austerity program, but warned a national election campaign
+could harm the economy.
+    Elections are due by November 1988, but tension within the
+government over a Middle East peace conference has led many
+political analysts to predict the government may fall earlier.
+    Bank of Israel governor Michael Bruno told a news
+conference the austerity since July 1985 had balanced the
+national budget for the first time in 15 years, and pushed
+inflation from 400 pct a year to just below 20 pct in 1986.
+    But Bruno warned that if politicians followed their past
+practice of lifting customs duties and increasing government
+subsidies on basic goods in order to curry public favour during
+elections, the gains of the program could be lost.
+    "The great success of the national unity government in
+executing the economic programme ... Depends on its ability to
+show proper judgement towards economic issues also when
+elections are on the horizon," Bruno said.
+    He blamed a 12 pct rise in real wages in 1986 for a sharp
+increase in private consumption, and said higher pay was
+harming attempts to push inflation to under 10 pct a year.
+    "The lowering of inflation was one of the striking successes
+of 1986," Bruno said.
+    "It is important to note that in this area of economic
+stability we still have to tread a delicate path to reach an
+annualised inflation rate of 10 pct in the second half of this
+year," he said. He added that this was achievable.
+    The Bank's report said Israel's gross domestic product grew
+by 2.2 pct in 1986. The business GDP, which most economists
+view as a better indicator of economic growth, rose by 3.7 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5793" NEWID="17455">
+<DATE> 1-JUN-1987 02:40:44.56</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M T C
+&#22;&#22;&#1;f0122&#31;reute
+u f BC-TOKYO-EXCHANGE-ALLOWS   06-01 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO EXCHANGE ALLOWS MORE GOLD AND RUBBER BROKERS</TITLE>
+<DATELINE>    TOKYO, June 1 - </DATELINE><BODY>The Tokyo Commodity Exchange for Industry
+(TOCOM) said it will allow five more members to become precious
+metal brokers, taking the total to 54, and four more members to
+broke rubber, for a total of 39.
+    An exchange official told Reuters the Ministry of
+International Trade and Industry is expected to approve the the
+new brokers by mid-June.
+    The move has been under study since early May in response
+to requests by non-broker members of the exchange.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5794" NEWID="17456">
+<DATE> 1-JUN-1987 03:01:20.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0138&#31;reute
+u f BC-GERMAN-PRIMARY-BOND-M   06-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN PRIMARY BOND MARKET SEEN REVIVING IN JUNE</TITLE>
+<AUTHOR>    By Alice Ratcliffe, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, June 1 - </DATELINE><BODY>West Germany's eurobond market may
+revive in June, after two month's relative dormancy, before
+dozing off for the summer, bond market sources said.
+    Syndicate managers said many borrowers, anticipating lower
+West German interest rates, cancelled mandates during the last
+two-week calendar, hoping borrowing costs would decline.
+    Borrowers are likely to return as domestic interest rates
+lose downward momentum, syndicate managers said. A
+supranational issue via Westdeutsche Landesbank Girozcentrale
+is likely today and Dresdner Bank AG could lead a new bond.
+    New issue volume is likely to be helped by a recent
+domestic legal change which indirectly lowered costs for
+European Community state-backed borrowers, the sources said.
+    A statutory change to the West German Exchange Admissions
+Act, which went into effect on May 1, allows such borrowers to
+file for bourse listing without a prospectus and without an
+underwriting group. This saves them the 1/2 point listing fee
+formerly paid to banks.
+    The two most recent issues for Electricite de France, led
+by Deutsche Bank AG, and Bank of Greece, led by Commerzbank AG,
+were brought to market under the new law, managers said.
+    Deutsche Bank confirmed that its bond was brought out in
+conformance with the new law. Commerzbank had no comment.
+    The success of Commerzbank's Bank of Greece deal,
+especially for the shorter of the two tranches of five and
+eight years, has also encouraged syndicate managers to bring
+out new issues during the new calendar period.
+    Many borrowers might also seek to get their bonds in before
+the market enters its quiet summer phase, referred to by German
+bond dealers as the "summer hole."
+    But syndicate managers said there are also some factors
+standing in the way of new issues.
+    One negative factor is that current swap conditions for
+marks into dollars are not favourable.
+    Syndicate managers said the yield spread between domestic
+Schuldschein notes and mark eurobonds is now too low to make
+swaps profitable for eurobond borrowers.
+    Low yields on domestic notes comparable to mark eurobonds
+mean German banks can now borrow cheaply at domestic rates.
+    They would charge a high premium to borrowers taking up
+euromarks for swaps as banks have little incentive to take on
+more expensive euromark liabilities at present.
+    However, some foreign borrowers might anyway borrow in
+marks out of a genuine need for the currency, managers said.
+    Another factor which might dampen the primary market is
+uncertainty about the dollar. Its rise last week over 1.80
+marks helped send West German government bonds lower by nearly
+one pfennig over the week.
+    If the dollar looks poised to stabilize or rise further,
+foreign investors in mark eurobonds could switch out of them on
+the belief that gains from the mark's appreciation were ending,
+dealers said.
+    The dollar is expected to remain stable this week before
+the seven leading nations begin their economic summit in Venice
+on June 8.
+    In May, a total of 1.1 billion marks of new mark eurobonds
+were launched, compared with 1.0 billion in April.
+    This compared with a relatively active March, when 2.3
+billion marks of eurobonds were launched, and a very strong
+February, when issues totalled nearly 5.0 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5795" NEWID="17457">
+<DATE> 1-JUN-1987 03:17:14.53</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0162&#31;reute
+u f BC-RENISON-GC-AND-CITY-R   06-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENISON GC AND CITY RESOURCES SET PNG GOLD VENTURE</TITLE>
+<DATELINE>    SYDNEY, June 1 - </DATELINE><BODY>Renison Goldfields Consolidated Ltd
+&lt;RGFJ.S> (RGC) and explorer &lt;City Resources Ltd> have agreed in
+principle on a joint venture to re-examine the Bulolo alluvial
+gold field in Papua New Guinea, City Resources said.
+    City Resources would progressively earn up to 66.66 pct of
+RGC's Prospecting Authority 585, which covers all the field, by
+spending a total of 6.5 mln kina, it said in a statement.
+    It said it believed Bulolo was not fully exploited in the
+past, noting the literature refers to heavy gold losses in
+tailings during dredging from 1931 to 1967 which produced a
+total of 2.1 mln ounces.
+    City Resources also said previous dredging was only carried
+out to a depth of 36 metres and high grade gold values are
+reported to at least 60 metres in the central part of the
+Bulolo Valley and possibly as deep as 90 metres.
+    In its productive life, recovered average grade at Bulolo
+was 0.3 rpt 0.3 grams a tonne from some 207 mln cubic metres of
+gravel, it said. City Resources will act as operator.
+    The Bulolo field, in Morobe Province, was the first
+successful gold mining operation of &lt;Placer Development Ltd>
+after it was floated in Canada in 1926. It operated the field
+until dredging ceased in 1967.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5796" NEWID="17458">
+<DATE> 1-JUN-1987 03:32:40.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0177&#31;reute
+u f BC-VENEZUELA-HAS-NO-PLAN   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA HAS NO PLANS TO SEEK REVISED DEBT ACCORD</TITLE>
+<DATELINE>    GUANAJUATO, Mexico, June 1 - </DATELINE><BODY>Venezuela has no plans to try
+to renegotiate the debt rescheduling agreement it worked out
+with creditor banks in February, public finance director Jorge
+Marcano told Reuters.
+    Speaking here after a meeting of the 11-nation Cartagena
+group, Marcano said he was aware of political pressure at home
+to reduce debt payments but did not think such a move would
+benefit Venezuela.
+    "We have no intention of revising the terms of the accord,"
+he said. "There would be little to gain and in fact it would
+probably be detrimental."
+    Venezuela agreed with its bank advisory committee on a 14.5
+year rescheduling of 20.3 billion dlrs in public sector foreign
+debt, with an interest rate 7/8 pct over Libor. The previous
+agreement, reached a year before but never implemented, was for
+12-1/2 years with a 1-1/8 pct spread.
+    In Caracas there have recently been calls to invoke the
+agreement's contingency clause which the government used last
+year to amend the original terms after a 40 pct drop in oil
+income.
+    But Marcano said the bulk of payments to be made this year
+are on private debts and non-rescheduled public debts.
+    Marcano said Venezuela, which has reduced its debt by six
+billion dlrs since 1983, should have no problems in repaying
+restructured debt this year or next.
+    Asked whether the government felt badly treated with its
+7/8 pct spread when Mexico and Argentina have won a 13/16 pct
+margin, Marcano said he still felt Venezuela had a good deal.
+    "Venezuela has restructured its debt so that most of it is
+being repaid at 7/8 pct, which I think is better than the other
+countries," he said. The rescheduling accord covers some 90 pct
+of Venezuela's commercial bank debt, which accounts for more
+than 90 pct of the total public sector external debt.
+    Venezuela has almost no debt outstanding to multilateral
+agencies.
+    Marcano said attempting to revise the rescheduling accord a
+second time would probably hurt Venezuela's bid to restore it
+credit rating and raise new loans.
+    He said Venezuela now obtains trade credit lines without a
+government guarantee, something that Argentina and others are
+just starting to try to negotiate in their restructuring
+packages.
+    Venezuela is currently seeking loans in Japan and West
+Germany to finance steel and aluminium expansion.
+    According to finance minister Manuel Azpurua, a 100 mln
+mark credit has been lined up for the Venalum aluminium plant.
+    Marcano said no mandate has yet been given for a planned
+100 mln dlr bond issue, although he confirmed that talks were
+continuing with Morgan Guaranty and other banks.
+    Banking sources said one option was to privately place the
+bonds through the Caracas-based Banco de Venezuela, which would
+underwrite the issue, but Marcano said no decision has yet been
+made.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5797" NEWID="17459">
+<DATE> 1-JUN-1987 03:45:53.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0202&#31;reute
+f f BC-Japan-May-external-re   06-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan May external reserves hit record 68.94 billion dlrs (April 68.62 billion)
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5798" NEWID="17460">
+<DATE> 1-JUN-1987 03:52:51.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0210&#31;reute
+u f BC-TOSHIBA-FORECASTS-11   06-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOSHIBA FORECASTS 11 PCT RISE IN 1987/88 GROUP NET</TITLE>
+<DATELINE>    TOKYO, June 1 - </DATELINE><BODY>Toshiba Corp &lt;TSBA.T> expects to report a
+group net profit of 38 billion yen for the year ending March
+31, 1988, up 11.2 pct from a year earlier, assuming an exchange
+rate of 140 yen to the dollar, a company official said.
+    Osamu Iemura, a senior vice president, told a news
+conference sales are forecast at 3,500 billion yen, up 5.8 pct.
+The forecasts are based on expectations of improved sales of
+office automation equipment, a recovery in semiconductor market
+prices and an increase in plant exports.
+    Toshiba said earlier that 1986/87 group net profit fell
+42.5 pct from a year earlier to 34.18 billion yen, the second
+consecutive year-on-year drop. Sales fell 1.9 pct to 3,308
+billion yen, the first year-on-year sales drop in 21 years.
+    Iemura said the results reflected trade friction over
+semiconductor exports to the U.S., The yen's sharp rise against
+the dollar and a drop in exports to China.
+    The 1986/87 foreign exchange loss totalled 145 billion yen,
+including parent company losses of 120 billion.
+    The average value of the yen against the dollar rose to 161
+from 221 a year earlier, he added.
+    Weaker prices for semiconductors and office automation
+equipment cut total sales 245 billion yen, Iemura said.
+    Group sales of telecommunication and electronic devices,
+accounting for 36 pct of the total, rose five pct to 1,183
+billion yen in 1987/88 from a year earlier, helped by good
+sales of word processors, workstations, medical equipment,
+point-of-sales systems and exports of personal computers.
+    Semiconductor sales rose to 410 billion yen from 360
+billion a year earlier but fell short of an expected 430
+billion. Sales are expected to be 460 billion in 1987/88.
+    Office automation equipment sales rose to 650 billion yen
+in 1986/87 from 600 billion a year earlier, Iemura said. Sales
+in 1987/88 are expected to be 695 billion yen, mainly due to
+good sales of computers in Europe and to expectations the U.S.
+Will remove its 100 pct import duty on computers.
+    Sales of heavy electric goods, accounting for 26 pct of
+sales, rose 0.2 pct from a year earlier to 868.14 billion yen.
+    Home electronics sales fell 10 pct to 940.64 billion yen,
+mainly due to the yen's appreciation against the dollar and a
+drop in colour television exports to China, Iemura said.
+    Overall 1986/87 overseas sales totalled 1,021 billion yen,
+down three pct from a year earlier, Iemura said.
+    Overseas sales of telecommunication and electronic devices
+rose nine pct from a year earlier to 493.90 billion yen, helped
+by a 80 pct year-on-year rise in computer and computer-related
+equipment sales.
+    Home appliance sales abroad fell 24 pct to 312.10 billion,
+mainly due to the yen's appreciation, lower sales to China, and
+increased competition with newly-industrialised countries.
+    Toshiba reduced the number of divisions to three from four
+in reaction to market changes, effective April 1.
+    Group sales of telecommunication and electronic devices are
+estimated at 1,520 billion yen in 1987/88, Iemura said.
+    Home appliance sales are estimated at 1,260 billion yen and
+heavy electric goods sales at 720 billion.
+    Iemura said group exports to China are expected to rise to
+90 billion yen in 1987/88 from 30 billion in 1986/87 due to an
+increase in sales of generators.
+    Sales to China were down from 70 billion yen in 1985/86 due
+to a sharp drop in home appliance exports, he said.
+    Group capital spending in 1987/88 will fall to 197 billion
+yen from 213.30 billion in 1986/87, Iemura said.
+    Of total capital spending, investment in semiconductors
+will fall to 65 billion from 68 billion.
+    Research and development spending will rise to 217 billion
+yen from 201.10 billion, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5799" NEWID="17461">
+<DATE> 1-JUN-1987 03:56:52.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0212&#31;reute
+u f BC-TORIES-MAINTAIN-LEAD   06-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORIES MAINTAIN LEAD 10 DAYS BEFORE U.K. ELECTION</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>A public opinion poll showed Prime
+Minister Margaret Thatcher's Conservatives maintaining their
+lead over the opposition Labour party as Britain's June 11
+general election campaign entered its third week. The poll,
+conducted for TV-AM breakfast television by the Harris
+organisation, put the Tories on 43 pct, Labour on 35 and the
+centrist Social Democrat-Liberal Alliance on 20 pct.
+    If translated into parliamentary seats in a general
+election, Thatcher would enjoy an overall majority of 50.
+    Since the general elections were announced on May 11,
+Thatcher's Tories have maintained the lead.
+    A survey of marginal seats for The Times of London, carried
+out by the MORI organisation, showed that Thatcher would sweep
+back in with an overall majority of l40 seats, the same margin
+she enjoyed in the 1983 general elections.
+    The Times poll of marginal seats where Labour is
+challenging a Conservative incumbent -- and which it must win
+in order to dislodge the Tories -- showed the Conservatives
+with 42 pct, Labour with 34 and the Alliance on 23.
+    If the result were repeated on polling day, Labour would
+win only a handful of the marginal seats, giving Thatcher a
+landslide.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5800" NEWID="17462">
+<DATE> 1-JUN-1987 04:28:10.10</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>kuwait</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0251&#31;reute
+u f BC-MOSCOW-SAYS-WILL-RETA   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOSCOW SAYS WILL RETALIATE AGAINST GULF ATTACKS</TITLE>
+<DATELINE>    KUWAIT, June 1 - </DATELINE><BODY>Any Iranian attack on Soviet ships in the
+Gulf will bring a forceful and violent response, a Soviet
+foreign ministry official said in an interview published here.
+    Alexander Ivanov, head of the Gulf desk at the Soviet
+Foreign Ministry, told Al-Rai al-Aam newspaper Moscow "will
+answer back with force and violence if Iran attempts to attack
+any Soviet ship or tanker in the Gulf." A Soviet tanker hit a
+mine in the Gulf last month.
+    Ivanov also accused the United States of stepping up the
+regional crisis and of failing to exert genuine efforts to end
+the Iran-Iraq war.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5801" NEWID="17463">
+<DATE> 1-JUN-1987 04:35:29.58</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0257&#31;reute
+u f BC-MOBIL-RAISES-SINGAPOR   06-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL RAISES SINGAPORE PETROL PUMP PRICES</TITLE>
+<DATELINE>    SINGAPORE, June 1 - </DATELINE><BODY>Mobil Oil Singapore Pte Lte will raise
+pump prices of petrol from June 2, a spokeswoman said.
+    Grade 97 octane with 0.15 gm lead will be 96.8 cents/litre
+against 94 cents previously for 0.4 gm lead. Grade 92 octane
+will be 90.2 cents against 87.6 previously.
+    SPC earlier announced its pump prices of 96.8 cents and
+90.6 cents for 97 and 92 octane, respectively, for 0.15 gm lead
+petrol which is being sold in Singapore from today in line with
+the Ministry of Environment's regulations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5802" NEWID="17464">
+<DATE> 1-JUN-1987 04:35:44.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0258&#31;reute
+f f BC-Lebanon-Prime-Ministe   06-01 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Lebanon Prime Minister Karami dies of injuries, after helicopter attacked -official sources
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5803" NEWID="17465">
+<DATE> 1-JUN-1987 04:38:49.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0259&#31;reute
+u f BC-IBJ-AMORTIZES-LOANS-T   06-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBJ AMORTIZES LOANS TO JAPAN LINE</TITLE>
+<DATELINE>    TOKYO, June 1 - </DATELINE><BODY>The Industrial Bank of Japan &lt;IBJT.T> (IBJ)
+amortized 68 billion yen worth of loans, including the
+write-off of an unspecified amount of loans, to the &lt;Japan Line
+Ltd> group in the year ended March 31, an IBJ spokesman said.
+    He declined to comment on a report in the economic daily
+Nihon Keizai Shimbun that it had written off loans worth 15
+billion yen to Japan Line, one of the world's largest tanker
+operators.
+    Japan Line's current liabilities amounted to 68.98 billion
+yen at the end of September.
+    In December, Japan Line asked its creditor banks to shelve
+repayment of 124 billion yen of outstanding loans and about 153
+billion in loans to its subsidiaries following the yen's steep
+rise and the world recession in shipping.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5804" NEWID="17466">
+<DATE> 1-JUN-1987 04:42:02.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0267&#31;reute
+u f BC-RBC-FINANCE-RAISING-3   06-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RBC FINANCE RAISING 300 MLN LUXEMBOURG FRANCS</TITLE>
+<DATELINE>    LUXEMBOURG, June 1 - </DATELINE><BODY>RBC Finance BV, a wholly-owned
+subsidiary of the Royal Bank of Canada, is to raise 300 mln
+Luxembourg francs through a six-year, 7-3/8 pct private
+placement, lead manager Banque Paribas (Luxembourg) SA said.
+    The non-callable bullet issue is priced at par. Payment
+date is June 16 and coupon date is June 17.
+    The issue is co-managed by Banque Generale du Luxembourg
+SA, Banque Internationale a Luxembourg SA, Kredietbank SA
+Luxembourgeoise and Credit Europeen SA.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5805" NEWID="17467">
+<DATE> 1-JUN-1987 04:43:50.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0271&#31;reute
+b f BC-LEBANESE-PRIME-MINIST   06-01 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEBANESE PRIME MINISTER KILLED BY HELICOPTER BOMB</TITLE>
+<DATELINE>    BEIRUT, June 1 - </DATELINE><BODY>Lebanon's Prime Minister Rashid Karami
+died from injuries after a bomb exploded in a helicopter flying
+him to Beirut to the northern port of Tripoli, official sources
+said.
+    They said Karami, 66, died at a hospital in the Christian
+town of Byblos north of Beirut.
+    The bomb, which exploded under Karami's seat, also injured
+Interior Minister Abdallah al-Rassi and the pilot, who made a
+forced landing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5806" NEWID="17468">
+<DATE> 1-JUN-1987 04:44:00.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0272&#31;reute
+u f BC-JAPAN-EXTENDS-24-BILL   06-01 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN EXTENDS 24 BILLION YEN LOAN TO BANGLADESH</TITLE>
+<DATELINE>    DHAKA, June 1 - </DATELINE><BODY>Japan has extended a 24 billion yen loan to
+Bangladesh, Finance Ministry officials said.
+    The loan, to be disbursed over two years from next July, is
+for chemicals, cement, steel and machinery imports and for
+setting up a power plant in eastern Sylhet district, they said.
+Terms were not disclosed.
+    The credit brings total Japanese loans and grants to
+Bangladesh to 441.25 billion yen since 1972, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5807" NEWID="17469">
+<DATE> 1-JUN-1987 04:48:03.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0276&#31;reute
+u f BC-POORER-CURRENT-PROFIT   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POORER CURRENT PROFITS SEEN FOR JAPAN FIRMS</TITLE>
+<DATELINE>    TOKYO, June 1 - </DATELINE><BODY>Poor returns by oil refiners and utilities
+will drag down average current profits of major Japanese firms
+in the year ending March 31, Wako Research Institute said.
+    Current profits will drop an average 13.5 pct after a 7.3
+pct drop in 1986/87, it said.
+    Oil refiners and utilities face a sharp profit fall after
+two years of high profits due to the yen's strength, lower
+world oil prices and reduced interest rates, it said.
+    Sales of all firms are expected to rise 2.3 pct from the
+previous year when they fell 11.9 pct from a year earlier.
+    The independent institute surveyed 436 firms listed in the
+first section of the Tokyo Stock Exchange, excluding banks and
+insurance firms. Excluding the oil refiners and utilities, Wako
+forecasts that current profits will rise 3.7 pct after a 22.3
+pct drop in 1986/87 and a 19.5 pct drop in 1985/86.
+    Electric power firms and gas companies are likely to see
+42.5 and 31.6 pct falls in current profits respectively in
+1987/88 due to cuts in utility prices to recycle windfall
+profits made during the yen's rise against the dollar, and due
+to the recent recovery in world oil prices, the institute said.
+    Current profits of manufacturing industries will rise an
+average seven pct after a 29.7 pct drop in 1986/87 and a 25.0
+pct drop in 1985/86, Wako said.
+    An increase in overseas production and an expected increase
+in domestic demand will cause the recovery in manufacturing
+sector profits, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5808" NEWID="17470">
+<DATE> 1-JUN-1987 04:48:27.24</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0277&#31;reute
+u f BC-WINDOW-FOR-BANK-AID-I   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINDOW FOR BANK AID IN KUWAIT REMAINS SHUT</TITLE>
+<DATELINE>    KUWAIT, June 1 - </DATELINE><BODY>The Kuwait Central Bank kept its window
+for funds to the domestic interbank deposit market shut as
+banks returned from a four day holiday, dealers said.
+    The move drove short-term interest rates sharply higher,
+with overnight and tomorrow-next funds more than doubling from
+last Wednesday and hitting 20 pct.
+    There were few offers in a tight market and traders
+scrambled for any available funds. One-month to one-year
+deposits were indicated one point higher at eight, seven pct
+but there was little activity at the longer end of the market.
+    Bankers see the suspension of central bank aid as a
+deliberate move to drive up Kuwaiti dinar interest rates and
+stem a flow of funds out of the country, where market
+nervousness is increasing over the growing tension in the Gulf.
+    The central bank's move has been combined with a steady cut
+in the dinar exchange rate.
+    Today's rate was reduced to 0.27939/73 to the dollar from
+0.27758/92 on Wednesday before the four day bank holiday that
+celebrated the end of the fasting month of Ramadan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5809" NEWID="17471">
+<DATE> 1-JUN-1987 04:51:29.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0283&#31;reute
+u f BC-SKYLARK-TO-ISSUE-20-B   06-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SKYLARK TO ISSUE 20 BILLION YEN CONVERTIBLE BOND</TITLE>
+<DATELINE>    TOKYO, June 1 - </DATELINE><BODY>Skylark Co Ltd &lt;SKLK.T> said it will issue
+a 20 billion yen nine-year unsecured convertible bond in the
+domestic capital market through public placement with Nomura
+Securities Co Ltd as lead manager.
+    Coupon and conversion price for par-priced bond maturing
+June 28, 1996, will be set at its board meeting to be held in
+mid-June and payment is due on July 1, the company said in a
+statement. Skylark's share price fell 10 yen to 2,880 on the
+Tokyo Stock Exchange today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5810" NEWID="17472">
+<DATE> 1-JUN-1987 04:58:41.89</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0288&#31;reute
+u f BC-SHELL,-CALTEX,-BP-REV   06-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL, CALTEX, BP REVISE SINGAPORE PETROL PRICES</TITLE>
+<DATELINE>    SINGAPORE, June 1 - </DATELINE><BODY>Shell Eastern Pte Ltd will revise pump
+prices of petrol from 2300 hours local while Caltex Asia Ltd
+and BP Singapore Pte Ltd will revise theirs at midnight
+tonight, company officials said.
+    Caltex and Shell will set prices of 0.15 gm lead at 96.8
+cents/litre for 97 octane and 90.2 cents for 92 octane. BP will
+set prices at 96.8 cents/litre and 90.6 cents, respectively.
+Previous industry pump prices for 0.4 gm lead were 94 cents for
+97 octane and 87.6 cents for 92 octane.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5811" NEWID="17473">
+<DATE> 1-JUN-1987 05:00:15.68</DATE>
+<TOPICS><D>fuel</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0295&#31;reute
+u f BC-BANGLADESH-TO-IMPORT   06-01 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH TO IMPORT 60,000 TONS OF DIESEL FROM USSR</TITLE>
+<DATELINE>    DHAKA, June 1 - </DATELINE><BODY>Bangladesh will import 60,000 tons of high
+speed diesel oil from the Soviet Union under a barter agreement
+signed here last week, Bangladesh petroleum Corporation
+officials said.
+    The oil worth about 10 mln U.S. Dlrs will be shipped by
+December this year, they added but did not say what Bangladesh
+would sell in return to the Soviet Union.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5812" NEWID="17474">
+<DATE> 1-JUN-1987 05:02:05.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0302&#31;reute
+r f BC-GERMAN-CAR-FIRMS-SEEN   06-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN CAR FIRMS SEEN PRODUCING SOLID 1987 RESULTS</TITLE>
+<AUTHOR>    By Anthony Williams, Reuters</AUTHOR>
+<DATELINE>    BONN, June 1 - </DATELINE><BODY>The West German car industry celebrated its
+100th birthday with a record-breaking 1986 performance at home
+and is due to turn in another set of solid results in 1987.
+    But share market analysts warn it faces continued problems
+from the strong German mark and predict increasingly aggressive
+competition in Europe from the Japanese.
+    On the plus side for the industry, which is West Germany's
+biggest foreign exchange earner, the analysts are confident the
+technical superiority and innovative qualities of the luxury
+producers will help them maintain a strong market profile.
+    Most analysts thought Daimler-Benz AG &lt;DAIG.F> would do
+best this year but expected Dr. Ing. H.C.F. Porsche AG &lt;PSHG.F>
+to continue its slide because of the weak U.S. Dollar.
+    They were generally optimistic for Bayerische Motoren Werke
+AG &lt;BMWG.F> (BMW) but some were sceptical it could match record
+1986 profits. Views were mixed on Volkswagen AG &lt;VOWG.F>, but
+some analysts took comfort from the fact that Europe's leading
+car maker had apparently put a major currency scandal behind
+it.
+    VW could be vulnerable as Japanese exporters, suffering
+from the strength of the yen against the dollar, switched their
+sales offensive from the U.S. To Europe, they said.
+    Analyst Joseph Rooney with brokers James Capel in London,
+noted the Japanese drive was coming at a time when the whole
+European market was expected to contract slightly.
+    But analysts saw most German manufacturers meeting the
+challenge, even though the Japanese were now starting to focus
+on the up-market sector.
+    BMW's chairman Eberhard von Kuenheim shrugged off the
+Japanese drive in an interview with Wirtschaftswoche magazine."I
+view the move by the Japanese into the top class with a certain
+equanimity. Not only are we playing on home turf, we also have
+technical superiority," he said.
+    The car industry benefitted last year from clarification of
+domestic rules on low-pollution cars, which meant orders put
+off in 1985 were carried out the following year. Tax cuts
+generally boosted domestic demand, especially for cars.
+    Domestic registrations leapt by nearly 19 pct to a record
+2.8 mln cars. The VDA industry association says this might ease
+to 2.7 mln in 1987, but predicts another good year.
+    Looking to the future, Daimler has designated 16 billion
+marks for car sector spending in the next five years. Chairman
+Werner Breitschwerdt says spending is not aimed at quantity but
+improving high quality technology and accessories.
+    Analyst Stephen Reitman with Phillips and Drew in London,
+said Daimler had the best earnings profile of West German
+producers, with group profits per share rising to 80 marks from
+78.8 in 1986.
+    Analysts were more cautious about VW. Reinhard Fischer with
+Bank in Liechtenstein (BiL) in Frankfurt saw VW's group
+earnings per share falling to 35 marks in 1987 from 42 in 1986.
+A recent report from his bank said last year's currency losses
+were a sign of mismanagement.
+    It stressed heavy losses from VW's Brazilian operations and
+its Spanish unit, SEAT.
+    VW's first quarter figures also highlighted problems in
+both the U.S. And Brazil, analysts said.
+    VW reported flat first quarter earnings, except for a 39.2
+pct fall in U.S. Sales and Brazilian sales which dived 46.5
+pct.
+    Reitman was more optimistic than BiL about VW's 1987 group
+earnings and, predicting an improvement in both Spain and
+Brazil, he saw an unchanged 42 marks per share, ,
+    He also said that VW now stood to benefit from not hedging
+against foreign exchange fluctuations.
+    In a May 1 study, he wrote: "One point in VW's favour is
+that its extraordinary policy of not hedging forward has meant
+that it will have less far to go in adjusting to current
+DM/Dollar rates than the other German manufacturers who were to
+a lesser or greater extent protected up to 1986."
+    Reitman was also reassured by the apparent end of the
+currency scandal, where allegedly faked forward contracts were
+not acknowledged by VW's banks. VW fixed final losses from the
+fraud at 473 mln marks for which provisions were made in 1986.
+    VW's new Audi 80, a sporty model which German media reports
+say was designed to jazz up Audi's staid "Grandpa" image,
+contributed significantly to VW's first quarter performance.
+The 80 doubled its sales against the year-ago level.
+    But the Audi range as a whole has suffered a huge setback
+in the U.S. Because of an image problem linked to claims of
+"unintentional acceleration."
+    Von Kuenheim won't be pinned down on BMW's 1987 profits,
+but at a news conference he emphasised 1986 earnings were a
+record high. Without referring to 1987, he added: "If profits
+are less in one year or the other they will still be good."
+    Rooney said group profits per share, which BMW does not
+publish, would rise to 62.5 marks this year. Some analysts put
+the 1986 group profit at 60 marks, a figure BMW does not deny.
+    But Reitman was more pessimistic, predicting 50 marks per
+share in 1987, and a return to 60 next year. He said: "BMW will
+be the story of 1988," when it plans to launch an updated
+version of its Five series.
+    BMW also has a big investment programme under way and Bil's
+Fischer said depreciations could affect earnings. Other
+analysts pointed to possible hedging problems and Reitman noted
+a 2.10 marks to the dollar hedge expired this September.
+    Reitman said the outlook for Porsche was bearish for the
+year to end-July, 1987. Porsche's 1985/86 group profits at 84
+marks per share fell 30 pct from the record 120 marks in
+1984/85 and Reitman saw 60 marks in 1986/87.
+    "With the U.S. Currently accounting for 63 pct of unit sales
+(this is expected to fall to 60 pct in the full year 1986/87)
+Porsche's earnings remain uncomfortably exposed to the
+DM/dollar relationship," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5813" NEWID="17475">
+<DATE> 1-JUN-1987 05:07:55.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0317&#31;reute
+u f BC-BAA-PLC-UNIT-WINS-KAN   06-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAA PLC UNIT WINS KANSAI AIRPORT CONTRACT</TITLE>
+<DATELINE>    TOKYO, June 1 - </DATELINE><BODY>&lt;British Airport Services Ltd> (BAS) has
+concluded an 18 mln yen contract with the &lt;Kansai International
+Airport Co Ltd> for consulting work on the terminal at a new
+airport to be built in western Japan, the airport company said
+in a statement.
+    The contract is the first to be awarded to a British
+company and follows the award of a 200,000 dlr consultancy
+contract to a division of the U.S-based &lt;Bechtel International
+Corp> in consortium with six Japanese companies, a company
+spokesman told Reuters. BAS is a subsidiary of &lt;BAA Plc>, the
+former British Airports Authority.
+    The six-billion dlr project to build the airport has been a
+major source of friction with the U.S. And the European
+Community who have put pressure on Japan to allow foreign
+companies to compete with domestic firms in building it.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5814" NEWID="17476">
+<DATE> 1-JUN-1987 05:11:16.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0324&#31;reute
+b f BC-GOODMAN-FIELDER-UNIT   06-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODMAN FIELDER UNIT ISSUES 75 MLN STG CONVERTIBLE</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>Goodman Fielder U.K. Plc is issuing a 75
+mln stg convertible eurobond due July 4, 1997 with an indicated
+coupon of five to 5-1/4 pct and par pricing, lead manager
+Credit Suisse First Boston Ltd said.
+    The issue is guaranteed by Goodman Fielder Ltd and final
+terms will be set on, or before, June 5. The issue is callable
+at 106 pct declining by one pct per annum to par thereafter but
+is not callable until 1992 unless the share price exceeds 130
+pct of the conversion price.
+    The selling concession is 1-1/2 pct while management and
+underwriting each pay 1/2 pct.
+    The issue has an investor put option in 1992 which will be
+priced to give a yield of approximately 8-3/4 pct. The expected
+conversion premium is 20 to 24 pct.
+    The issue is available in denominations of 1,000 stg and
+will be listed in London. The payment date is June 24 and there
+will be a long first coupon period. The conversion period is
+from July 4, 1987 until June 26, 1997.
+    Over the weekend, Goodman Fielder announced in Sydney that
+it had signed for a 100 mln U.S. Dollar composite revolving
+euronote issuance facility to be launched in Hong Kong.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5815" NEWID="17477">
+<DATE> 1-JUN-1987 05:18:59.85</DATE>
+<TOPICS><D>veg-oil</D><D>coconut</D><D>copra-cake</D><D>meal-feed</D><D>palm-oil</D><D>coconut-oil</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0337&#31;reute
+u f BC-PHILIPPINE-COCONUT-CH   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE COCONUT CHIEF TO LOBBY AGAINST EC TAX</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, June 1 - </DATELINE><BODY>Philippine Coconut Authority (PCA)
+chairman Jose Romero said he would visit Brussels later this
+month to lobby against a proposed 100 pct European Community
+(EC) levy on vegetable oil imports.
+    "I intend to visit Brussels and talk to whoever is putting
+up this devilish scheme to impoverish third world countries
+like the Philippines," Romero said in an interview.
+    He said he did not know how much support the levy had
+within the EC but he said he believed those originally opposed
+to the tax were under pressure to change their position.
+    Romero said a group of EC members led by West Germany, the
+Netherlands, Denmark and Norway were opposed to the tax. But
+there was a danger some of them would be persuaded to change
+sides, and if that happened opposition could crumble.
+    Romero said another threat to exports lay in an EC warning
+that copra meal cake used in livestock feeds contained
+dangerous levels of aflatoxin, a carcinogenic chemical.
+    He said the EC standard of 0.02 parts of aflatoxin per
+million parts of meal, which EC countries had been asked to
+apply by October 1988, was too rigid. He said Philippine copra
+cake contained much higher levels of aflatoxin.
+    Aflatoxin comes from moulds which develop in copra when it
+is not properly dried or ground.
+    Romero said he would tell big buyers of copra meal in
+London that the Philippines was doing its best to meet EC
+standards. It was also trying to eliminate aflatoxin totally,
+but this was likely to take several years of research.
+    Copra meal exports were 817,641 tonnes or 35 pct of total
+coconut exports in 1986. The meal was worth 73.5 mln dlrs.
+    Romero said he would also visit Oxford University's
+department of agricultural economics to discuss ways of
+avoiding the copra process altogether.
+    "There are ways of producing coconut products outside of
+copra," Romero said. "We can process fresh coconut without drying
+the meat in the sun. Through the wet process we can process
+coconuts into other food or non-food products, or we can go to
+the chemical root."
+    He said there was a tendency for agricultural countries to
+become more protectionist and he expected export prices of
+coconut products to drop.
+    "In the long term we will be getting less and less for more
+and more production, and I'm not comfortable with that," he
+said.
+    With countries like Indonesia and Malaysia stepping up
+production of palm oil, a coconut oil substitute, palm oil
+output had risen nearly 70 pct since 1971, Romero said.
+    "To add to that the U.S. Soybean Association is spending
+billions of dollars to discredit palm oil and coconut oil by
+saying that they are polysaturated fats and bad for the heart,"
+he said.
+    Romero said he expected coconut product export prices to
+stay up for the rest of the year. They would probably touch a
+high of 20 cents/pound from the current level of 18.59 cents,
+and a sharp rise from year-ago levels of 10.50 cents.
+    Romero said the Philippines was at the end of a five-year
+coconut production cycle which showed production tended to fall
+after two successive years of good harvests.
+    He said 1985 and 1986 were good harvests and this year, to
+add to the production fall, drought had affected output.
+    "Traders are stocking up and when they have overbought the
+prices will start declining again. The only sure way to keep
+prices stable is by processing, adding more value," he said.
+    Coconut farmers were being encouraged to intercrop by
+planting other cash crops between coconut trees, he said.
+    "A typical farm may have from 100 to 150 trees sitting on
+10,000 square metres of land. That's a lot of space," Romero
+said. He said the government's proposed land reform program
+would exclude about 75 pct of the coconut farmers because they
+had less than the proposed seven-hectares of land.
+    "If the idea of land reform is to increase income levels,
+production and employment then it won't happen," he said.
+    PCA figures show about one-third of the country's
+population is dependent on the coconut industry.
+    Coconuts are planted on about 3.2 mln hectares or
+one-fourth of total agricultural land.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5816" NEWID="17478">
+<DATE> 1-JUN-1987 05:25:17.68</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM Y
+&#22;&#22;&#1;f0348&#31;reute
+u f BC-PEMEX-OFFICIAL-SAYS-O   06-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEMEX OFFICIAL SAYS OPEC OUTPUT CRITICAL TO PRICE</TITLE>
+<DATELINE>    TOKYO, June 1 - </DATELINE><BODY>Crude oil prices could remain around 18
+dlrs a barrel until the end of the year, but OPEC's decision on
+output at its next meeting would be the critical factor, an
+official of Mexico's state oil company, Petroleos Mexicanos
+(Pemex), told a group of Japanese businessmen.
+    Adrian Lajous, Pemex' executive vice president of
+international trade, said current OPEC output already appeared
+to be very near the 16.6 mln barrel per day level it set itself
+for the third quarter. "Production is surging ahead of what was
+originally planned, while demand is growing more slowly than
+envisaged a few months ago," he said.
+    He said OPEC had to look very carefully at what level of
+production in the third quarter would effectively sustain the
+18 dlrs price, and that an increase to what had originally been
+envisaged might soften price levels.
+    The 13-member cartel is scheduled to meet on June 25 in
+Vienna to review its December accord on prices and output.
+    "I hope OPEC will follow a very conservative attitude in
+terms of volume decisions," Lajous said.
+    A repetition of what happened last year, when OPEC boosted
+output and sent oil prices tumbling down below 10 dlrs, is
+always there as a possibility, he said.
+    "I hope never again to go through the trauma of 1986. I
+expect other oil exporters have learned their lessons and
+discipline will be maintained," he said.
+    Lajous said there was still excess supply and as long as
+this remains there will be a tendency to instability in oil
+markets, but prices should remain around 18 to 19 dlrs during
+1987 if output remains under control.
+    He said Saudi King Fahd's remarks last month, that
+increased production was not so important as long as incomes
+would not be affected by the output, were "very relevant and
+welcome from such a powerful producer."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5817" NEWID="17479">
+<DATE> 1-JUN-1987 08:20:34.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0709&#31;reute
+r f BC-CONISTON-GROUP-TO-CON   06-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONISTON GROUP TO CONTINUE BID FOR ALLEGIS &lt;AEG></TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>An investor group led by Coniston
+Partners said it plans to continue its effort to gain control
+of Allegis Corp despite the defensive maneuvers Allegis
+announced last week.
+    Allegis said then that it would borrow three billion dlrs
+and pay shareholders a dividend of 60 dlrs per share, lowering
+the company's net worth. The Coniston group, which owns 13 pct
+of Allegis stock, has said that it would seek shareholder
+consents to remove 13 of the 16 Allegis directors. The group
+had said it would consider breaking up Allegis into its
+airline, hotel and vehicle rental components if it succeeded.
+    The Coniston group said it expects to make a further
+announcement today on its plans for Allegis.
+    Wall Street analysts and traders had not expected Coniston
+to abandon its pursuit of Allegis as a result of the Allegis
+defensive measures.
+    Allegis officials were unavailable for comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5818" NEWID="17480">
+<DATE> 1-JUN-1987 08:28:31.04</DATE>
+<TOPICS><D>zinc</D><D>lead</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0724&#31;reute
+zb f BC-/COMINCO-LEAD/ZINC-UN   06-01 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO LEAD/ZINC UNION REJECTS CONTRACT</TITLE>
+<DATELINE>    TRAIL, BRITISH COLUMBIA, June 1 - </DATELINE><BODY>Three United Steelworkers
+of America locals on strike at Cominco Ltd rejected a tentative
+three-year contract, a union representative said.
+    "The vote was 1,229, or 54.5 pct, against, and 1,028, or
+45.5 pct, for the contract. Eighty-one pct of the membership
+voted," he said.
+    The union representative said that the pact offered cost of
+living increases designed to keep pace with inflation, but
+contained no wage increase.
+    The locals' bargaining committees are expected to meet and
+prepare for the reopening of negotiations with Cominco, he
+said.
+    The three locals cover about 2,600 production and
+maintenance workers at Cominco's Trail smelter and Kimberley,
+B.C. lead-zinc mine.
+    Output at both sites has been shut down since the
+production and maintenance workers, along with about 600 office
+and technical workers, went on strike May 9.
+    The two Steelworkers locals representing the office and
+technical workers have not negotiated since May 21.
+    The strike caused Cominco to declare force majeure, which
+means the company may not be able to honor contracts for
+products from the smelter and mine.
+    Each of the five locals have separate contracts, all of
+which expired April 30, but the main issues are similar.
+    The union had requested a three pct wage increase in each
+year of a two-year contract. Cominco had pressed for a
+three-year contract and some loosening of the rules on job
+classifications.
+    The Trail smelter, about 400 miles east of Vancouver,
+produced 240,000 long tons of zinc and 110,000 long tons of
+lead last year. The Sullivan mine at Kimberley, about 450 miles
+east of Vancouver, produced 2.2 mln long tons of ore last year,
+most for processing at the Trail smelter.
+    The smelter also produced cadmium, bismuth and indium.
+    Revenues from the Trail smelter totalled 356 mln Canadian
+dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5819" NEWID="17481">
+<DATE> 1-JUN-1987 08:30:25.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0728&#31;reute
+f f BC-******SPECTRA-PHYSICS   06-01 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SPECTRA-PHYSICS REJECTS CIBA-GEIGY TENDER OFFER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5820" NEWID="17482">
+<DATE> 1-JUN-1987 08:30:40.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0730&#31;reute
+u f BC-COMPAQ-COMPUTER-&lt;CPQ>   06-01 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPAQ COMPUTER &lt;CPQ> CUTS PORTABLE II PRICES</TITLE>
+<DATELINE>    HOUSTON, June 1 - </DATELINE><BODY>Compaq Computer Corp said it has cut
+prices on its PORTABLE II models 2 and 4 to 2,699 dlrs from
+2,999 dlrs and to 3,999 dlrs from 4,499 dlrs respectively.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5821" NEWID="17483">
+<DATE> 1-JUN-1987 08:31:09.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0734&#31;reute
+u f BC-KAYPRO-&lt;KPRO.O>-CUTS   06-01 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAYPRO &lt;KPRO.O> CUTS PRICES ON COMPUTERS</TITLE>
+<DATELINE>    SOLANA BEACH, Calif., June 1 - </DATELINE><BODY>Kaypro Corp said it has cut
+prices on its Kaypro 386 Models A and E supermicrocomputers and
+Extra! Extra! desktop pulbishing system by 500 dlrs.
+    The Kaypro 386 Model A will retail for 4,495 dlrs, and the
+Kaypro 386 Models E-40 and E-130 will sell for 5,795 dlrs and
+8,095 dlrs, respectively, the company said.
+    The Kaypro 386, Model E is available with eithe a 40 or 130
+MB hard disk, the company said.
+    In addition, the Kaypro Extra! Extra! will be reduced to
+7,995 dlrs, and the Kaypro 16E, a transportable, IBM
+PC-compatible computer, now retails for 1,595 dlrs, and the
+dual floppy Kaypro 162E is 1,395 dlrs, Kaypro said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5822" NEWID="17484">
+<DATE> 1-JUN-1987 08:35:41.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0761&#31;reute
+f f BC-******FIRST-CITY-INDU   06-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST CITY INDUSTRIES SELLS YALE AND NUTONE UNITS FOR 400 MLN DLRS AND SECURITIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5823" NEWID="17485">
+<DATE> 1-JUN-1987 08:38:27.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0768&#31;reute
+u f BC-NORWAY'S-RS-BANK-ISSU   06-01 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY'S RS BANK ISSUES 40 MLN SWISS FRANC BOND</TITLE>
+<DATELINE>    GENEVA, June 1 - </DATELINE><BODY>RS Bank Sparebanken Rogaland of Stavanger,
+Norway is launching a 40 mln Swiss franc seven year bond with a
+4-7/8 pct coupon and par issue price, lead manager Banque
+Gutzwiller, Kurz, Bungener Ltd said.
+    Subscription is from June 11 until June 17 with closing and
+pay-out on July 7.
+    It can be called at 101 in 1992, and at 100-1/2 in 1993.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5824" NEWID="17486">
+<DATE> 1-JUN-1987 08:40:12.93</DATE>
+<TOPICS><D>lead</D><D>zinc</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0773&#31;reute
+r f BC-cominco-   06-01 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO &lt;CLT.TO> UNION REJECTS CONTRACT</TITLE>
+<DATELINE>     Trail, British Columbia, June 1 - </DATELINE><BODY>Three United
+Steelworkers of America locals on strike at Cominco Ltd
+rejected a tentative three-year contract, a union
+representative said.
+     "The vote was 1,229, or 54.5 pct, against, and 1,028, or
+45.5 pct, for the contract. Eighty-one pct of the membership
+voted," he said.
+     The union representative said that the pact offered cost
+of living increases designed to keep pace with inflation, but
+contained no wage increase.       
+    The locals' bargaining committees are expected to meet and
+prepare for the reopening of negotiations with Cominco, he
+said.
+     The three locals cover about 2,600 production and
+maintenance workers at Cominco's Trail smelter and Kimberley,
+B.C. lead-zinc mine.
+     Output at both sites has been shut down since the
+production and maintenance workers, along with about 600 office
+and technical workers, went on strike May nine.     
+     The two Steelworkers locals representing the office and
+technical workers have not negotiated since May 21.
+     The strike caused Cominco to declare force majeire, which
+means the company may not be able to honor contracts for
+products from the smelter and mine.
+    Each of the five locals have separate contracts, all of
+which expired April 30, but the main issues are similar.       
+
+     The union had requested a three pct wage increase in each
+year of a two-year contract. Cominco had pressed for a
+three-year contract and some loosening of the rules on job
+classifications.
+     The Trail smelter, about 400 miles east of Vancouver,
+produced 240,000 long tons of zinc and 110,000 long tons of
+lead last year. The Sullivan mine at Kimberley, about 450 miles
+east of Vancouver, produced 2.2 mln long tons of ore last year,
+most for processing at the Trail smelter.
+     The smelter also produced cadmium, bismuth and indium.
+     Revenues from the Trail smelter totalled 356 mln Canadian
+dlrs in 1986.        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5825" NEWID="17487">
+<DATE> 1-JUN-1987 08:43:14.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0781&#31;reute
+f f BC-******BOEING-CO-TO-AC   06-01 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BOEING CO TO ACQUIRE ARGOSYSTEMS FOR 37 DLRS A SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5826" NEWID="17488">
+<DATE> 1-JUN-1987 08:47:35.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0790&#31;reute
+u f BC-FIRST-CITY-&lt;FCY>-SELL   06-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CITY &lt;FCY> SELLS YALE, NUTONE UNITS</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., June 1 - </DATELINE><BODY>First City Industries Inc
+said it has reached a definitive agreement to sell its Nuton
+and Yale security subsidiaries to Valor PLC for 400 mln dlrs
+and warrants to purchase two mln Valor ordinary shares.
+    In addition, the company said it will recieve a special
+dividend of 60 mln dlrs from Nutone and Yale and it has agreed
+to buy 35 mln dlrs of Valor convertible preference shares.
+    First City said it is seeking to increase shareholder
+values by improving and realizing the values inherent in its
+operating subsidiaries.
+    The company said the transaction is subject to approval by
+shareholders of Valor and is expected to be completed within 40
+days.
+    It said Valor has arranged financing through an issue of
+ordinary and convertible preference shares underwritten by
+Hoare Govette Ltd and Barclays de Zoete Wedd Ltd.
+    Nutone makes built-in electric products for the housing
+market and Yale makes door locks and electronic security
+products.
+    Valor makes home products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5827" NEWID="17489">
+<DATE> 1-JUN-1987 08:50:51.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0795&#31;reute
+r f BC-GENOVESE-DRUG-STORES   06-01 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENOVESE DRUG STORES INC &lt;GDXA.O> 1ST QTR MAY 22</TITLE>
+<DATELINE>    MELVILLE, N.Y., June 1 -
+    </DATELINE><BODY>Shr 23 cts vs seven cts
+    Net 911,000 vs 293,000
+    Sales 88.1 mln vs 74.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5828" NEWID="17490">
+<DATE> 1-JUN-1987 08:51:41.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0796&#31;reute
+r f BC-U.S.-CORPORATE-FINANC   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORPORATE FINANCE - FINANCING SURGE SEEN</TITLE>
+<AUTHOR>    By John Picinich, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>U.S. corporate treasurers are expected
+to race to market this week, propelled by hopes that the recent
+recoveries of the Treasury market and the dollar will whet
+investors' appetities for new issues, underwriters said.
+    Underwriters expect to price about 2.3 billion dlrs of new
+debt issues this week, including an asset-backed debt deal.
+    "Treasurers have been sitting on the sidelines for weeks,
+waiting to pounce," said an underwriter with a large Wall
+Street house. "They will hit the market at a fast pace as long
+as the dollar remains stable."
+    "The financing calendar is the heaviest it has been in
+weeks," said a trader with a small securities firm.
+    "And there are billions of dollars on the SEC shelf that
+can come to market at any time," he said, referring to company
+debt filings with the Securities and Exchange Commission.
+    Investment bankers said last week signaled a surge in
+financings. New debt offerings rose to nearly 2.8 billion dlrs
+during the holiday-shortened week from 2.09 billion dlrs in the
+previous week, they calculated.
+    "And most of (last week's) issues were not even on the
+calendar," an underwriter remarked.
+    Analysts noted that in the past few months the fixed-income
+markets became virtually obsessed with the dollar. The
+currency's sharp drop ignited fears that foreign investors
+would shun dollar-denominated debt vehicles.
+    Also, many participants believed inflation would gather
+momentum because of the dollar's fall. Inflation is the number
+one enemy of fixed-rate investments, analysts explained.
+    But the dollar's recovery last week calmed worries in the
+Treasury and corporate bond markets over foreign investor
+demand and inflation. The resulting decline in yields should
+bring company treasurers to market, traders said.
+    Underwriters are slated to bid competitively tomorrow for
+250 mln dlrs of first mortgage bonds due 2017 of Georgia Power
+Co, a unit of Southern Co &lt;SO>. The issue is rated Baa-1 by
+Moody's Investors and BBB-plus by Standard and Poor's.
+    This would be Georgia Power's first bond issue in the U.S.
+since August 1986 when it sold 250 mln dlrs of same-rated,
+same-maturity 10 pct bonds yielding 250 basis points more than
+comparable Treasury securities.
+    Tomorrow will see another competitive. Syndicates will bid
+for 100 mln dlrs of 30-year bonds rated A-1/A-plus of Virginia
+Electric and Power Co, a unit of Dominion Resources Inc &lt;D>.
+    Virginia Electric last visited the domestic debt market in
+October 1986 when the utility issued 100 mln dlrs of
+same-rated, same-maturity 9-1/4 pct bonds. The bonds were
+priced to yield 9.27 pct, or 141 basis points over Treasuries.
+    The biggest investment grade deal tentatively scheduled for
+pricing this week is 600 mln dlrs of securities due 1992 backed
+by the automobile loan receivables of Marine Midland Banks
+&lt;MM>. Salomon Brothers Inc will head the syndicate.
+    The Marine Midland issue follows last week's offering of
+230 mln dlrs of car loan backed debt by RepublicBank Dallas NA,
+a unit of RepublicBank Corp &lt;RPT>, underwriters noted.
+    Goldman, Sachs and Co led the group for the RepublicBank
+deal. First Boston Corp and Salomon Brothers, the most active
+underwriters of asset-backed securities, were co-managers.
+    First Boston has dominated the asset-backed market since
+introducing the concept of selling these securities in March
+1985. It has a commanding 86.1 pct share of the 12.5 billion
+dlr market, according to figures tabluated by First Boston.
+    Salomon Brothers is in second place with a market share of
+8.8 pct, followed by Drexel Burnham Lambert Inc's share of 3.5
+pct of the market. Goldman Sachs is next with a 1.6 pct market
+share that was calculated before the RepublicBank Dallas deal.
+    Indeed, investment bankers say that banks will be the most
+frequent issuers of asset-backed securities this year. The
+finance arms of the U.S. automakers accounted for the bulk of
+last year's offerings, with General Motors Corp's &lt;GM> General
+Motors Acceptance Corp taking the lion's share of that.
+    The Marine Midland cars deal is rated a top-flight AAA by
+both Moody's and Standard and Poor's because it is backed by a
+letter of credit by Union Bank of Switzerland.
+    Recently, Imperial Savings and Loan Association of San
+Diego filed a registration statement with the SEC covering 100
+mln dlrs of credit card backed debt, underwriters noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5829" NEWID="17491">
+<DATE> 1-JUN-1987 08:51:47.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0797&#31;reute
+r f BC-NATIONAL-SECURITY-&lt;NS   06-01 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL SECURITY &lt;NSIC.O> STAKE ACQUIRED</TITLE>
+<DATELINE>    ELBA, Ala., June 1 - </DATELINE><BODY>National Security Insurance Co said a
+group of investors has acquired 226,243 common shares, or a
+22.2 pct, interest, for 27.50 dlrs per share.
+    The company said the acquisition of the portion of the
+shares over a five pct interest is subject to approval by the
+Alabama Department of Insurance.
+    It said the sellers included Atlantic American Corp
+&lt;AAME.O>, Bankers Fidelity Life Insurance Co and Georgia
+Casualty Insurance Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5830" NEWID="17492">
+<DATE> 1-JUN-1987 08:52:15.20</DATE>
+<TOPICS><D>nat-gas</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0798&#31;reute
+r f BC-GAS-CARRIER-ESCAPED-G   06-01 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAS CARRIER ESCAPED GULF ATTACK LAST WEEK - LLOYDS</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>The Panamanian liquified gas carrier
+Nyhammer, 48,772 dwt, was attacked by an Iranian gunboat on May
+24, Lloyds Shipping Intelligence said.
+    One rocket was fired but missed.
+    The vessel subsequently arrived at its destination of Ras
+Tanura on May 25 and left this morning.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5831" NEWID="17493">
+<DATE> 1-JUN-1987 08:52:52.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0800&#31;reute
+f f BC-******COMPUTER-ASSOCI   06-01 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COMPUTER ASSOCIATES TO ACQUIRE UCCEL CORP FOR ABOUT 800 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5832" NEWID="17494">
+<DATE> 1-JUN-1987 08:53:56.02</DATE>
+<TOPICS><D>tea</D></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0803&#31;reute
+u f BC-SRI-LANKAN-TEA-WORKER   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKAN TEA WORKERS LAUNCH ONE-DAY PROTEST</TITLE>
+<DATELINE>    COLOMBO, June 1 - </DATELINE><BODY>Thousands of tea workers of Indian origin
+went on strike today to press demands for citizenship and
+voting rights in Sri Lanka, a union statement said.
+    The Ceylon Workers Congress (CWC) said its 400,000 members
+launched a prayer campaign at temples and other places in a
+non-violent protest to get the authorities to expedite
+citizenship procedures.
+    A CWC spokesman said a three-day campaign was suspended
+after a Cabinet committee promised to speed up procedures under
+a new set of regulations. Trade sources said the strike did not
+affect production or today's Colombo auction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5833" NEWID="17495">
+<DATE> 1-JUN-1987 08:55:45.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0811&#31;reute
+r f BC-GENETECH-&lt;GENE.O>-SEE   06-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENETECH &lt;GENE.O> SEES FDA APPROVAL OF DRUG</TITLE>
+<DATELINE>    SOUTH SAN FRANCISCO, June 1 - </DATELINE><BODY>Genetech Inc said it still
+remains confident that it will be able to work with the U.S.
+Food and Drug Adminstration to obtain approval of its tissue
+plasminogen activator Activase for use in treating heart attack
+victims.
+    On Friday an advisory committee of the FDA recommended that
+the blood clot dissolving drug not be approved until additional
+mortality data be developed.
+    Genetech said it will provide the additional data and
+believes that much if not all of it is already being developed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5834" NEWID="17496">
+<DATE> 1-JUN-1987 08:57:20.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0816&#31;reute
+f f BC-******WHITTAKER-CHEMI   06-01 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITTAKER CORP 2nd QTR SHR PROFIT 37 CTS VS LOSS 35 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5835" NEWID="17497">
+<DATE> 1-JUN-1987 08:58:28.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0819&#31;reute
+r f BC-TECHNOLOGY   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNOLOGY/SUPERCOMPUTER MARKET GETTING CROWDED</TITLE>
+<AUTHOR>    By Catherine Arnst, Reuters</AUTHOR>
+<DATELINE>    BOSTON, June 1 - </DATELINE><BODY>The supercomputer industry is getting
+crowded as a handful of startup companies and some huge
+Japanese manufacturers compete for the right to apply the label
+"world's fastest machine" to their products.
+    Currently there are only about 250 supercomputers installed
+around the world, but many believe that situation is about to
+change dramatically as these highly specialized and extremely
+expensive machines move out of the research laboratories where
+most of them are found today and into commerical applications.
+    "It is commercial supercomputing... that holds the most
+promise for this young industry's handful of vendors," said
+Gary Smaby, supercomputer analyst for Piper Jaffray and
+Hopwood.
+    These commercial applications, he said, could propel annual
+sales of supercomputers from 850 mln dlrs in 1986 to 2.4
+billion by 1990.
+    For years two companies, Cray Research Inc &lt;CYR> and
+Control Data Corp  &lt;CDA> were virtually the only options for
+customers seeking to buy supercomputers.
+    But in the last three years a number of new companies have
+announced supercomputers using some innovative technologies,
+and the industry finally expanded enough to hold its first
+World Supercomputer Exhibition in Santa Clara last month.
+    Also in the last month two small companies, ETA Systems Inc
+(a subsidiary of Control Data) and Thinking Machines Corp  both
+laid claim to having the world's fastest computer and a joint
+venture of Honeywell Inc &lt;HON> and Japan's NEC Corp &lt;NIPN.T>
+Honeywell-NEC Supercomputers Inc, announced its entrance into
+the U.S. market.
+    All three are aiming at industry leader Cray Research Inc,
+which holds more than 60 pct of the market.
+    This week, Cray plans to make a joint announcement with
+Digital Equipment Corp, &lt;DEC> already the world's largest
+minicomputer maker, of some products that will work on both
+companies' computers, expanding the market opportunities for
+both supers and minis even further.
+    Supercomputers were initially designed only for the most
+complex of applications, such as predicting worldwide weather
+patterns, fusion energy research or military defense and
+weapons design.
+    They are built for speed, not for standard business
+functions such as payroll processing. The fastest
+supercomputers can perform more than a billion calculations per
+second, greater than the combined power of 100,000 personal
+computers.
+    They also carry stratospheric price tags of between one mln
+to 20 mln dlrs each, which is why Cray's revenues could reach
+600 mln dlrs last year even though it only shipped 36 new and
+10 used supercomputers, a level that would spell starvation for
+any standard computer company.        
+    But speakers at the supercomputer exhibition emphasized
+that a host of new applications should increase total industry
+shipments to 150 systems a year by the end of the decade.
+    Most commercial customers of supercomputers now use the
+machines to simulate a physical process, such as the flow of
+air over an aircraft wing, in design and testing work.
+    But financial institutions, particularly Wall Street
+brokerage houses, are considered the next major buyers of
+supercomputers as they try to recognize changes in stock
+trading patterns faster than any of their competitors.
+    Two firms, Goldman Sachs and Co and Morgan Stanley and Co,
+are now using superminicomputers, hybrid machines that are
+faster than a minicomputer but cheaper than a super, to create
+financial models of the stock and bond markets.
+    Analysts said it is only a matter of time before actual
+supercomputers are found on Wall Street.
+    One reason for the shift to commercial applications is that
+supercomputers are coming down in price as new technologies
+provide greater speed at lower costs than the Cray and Control
+Data behemoths.
+    Both the ETA and Thinking Machines Systems use a technology
+called parallel processing, in which a number of internal
+processors work together to solve a problem.
+    With such systems a problem is broken up and different
+segments are assigned to different processors. By contrast,
+standard computers solve a problem one instruction at a time,
+or sequentially.
+    The ETA system, the ETA 10, will eventually use as many as
+eight parallel processors capable of processing up to 8.32
+billion operations per second.
+    However, the first ETA 10, installed at Florida State
+University, has only two processors, later to be expanded to
+four.  ETA president Lloyd Thorndyke said the ETA 10 represents
+a drastic change in architecture from parent company Control
+Data's Cyber system.
+    Priced from 5.5 mln to 22 mln dlrs, the ETA 10 contains
+about 240 chips in each of its processing units, built onto a
+board about the size of a standard newspaper section.
+    Each of these boards contains the equivalent of 1.5 miles
+of embedded wiring.
+    It took ETA about 3-1/2 years to develop its supercomputer
+but Thorndyke said he expects much faster development time
+frames in the futre, from both ETA and its competitors.
+    "We're in a leapfrog business and we just took the last
+leap," he said.
+    Thinking Machines also claims to have the world's fastest
+computer and in some ways this is true. Its Connection Machine
+Model CM-2 can process 2.5 billion instructions per second, but
+it is a very specialized architecture only meant for certain
+very specific applications.
+    The one mln to five mln dlr Connection Machine uses a
+technology called "massive parallism." It contains 64,000
+processors crammed into a five foot cube. The processors all
+work on a problem at once, breaking it down into minute bits.
+    It is an ideal tool for applications with many
+unpredicatble variables, according to Brian Boyle, analyst for
+Novon Research Group. "The more unpredictable things are, the
+more the Thinking Machine will be appropriate," he said.       
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5836" NEWID="17498">
+<DATE> 1-JUN-1987 09:03:20.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0830&#31;reute
+b f BC-******FLUOR-RETAINS-S   06-01 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FLUOR RETAINS SHEARSON TO ASSESS VALUE OF GOLD OPERATIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5837" NEWID="17499">
+<DATE> 1-JUN-1987 09:03:49.51</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f0833&#31;reute
+u f BC-DUTCH-COCOA-PROCESSOR   06-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH COCOA PROCESSORS UNHAPPY WITH ICCO BUFFER</TITLE>
+<AUTHOR>    By Jeremy Lovell, Reuters</AUTHOR>
+<DATELINE>    ROTTERDAM, June 1 - </DATELINE><BODY>Dutch cocoa processors are unhappy with
+the intermittent buying activities of the International Cocoa
+Organization's buffer stock manager, industry sources told
+Reuters.
+    "The way he is operating at the moment is doing almost
+nothing to support the market. In fact he could be said to be
+actively depressing it," one company spokesman said.
+    Including the 3,000 tonnes he acquired on Friday, the total
+amount of cocoa bought by the buffer stock manager since he
+recently began support operations totals 21,000 tonnes.
+    Despite this buying, the price of cocoa is well under the
+1,600 Special Drawing Rights, SDRs, a tonne level below which
+the bsm is obliged to buy cocoa off the market.
+    "Even before he started operations, traders estimated the
+manager would need to buy at least up to his 75,000 tonnes
+maximum before prices moved up to or above the 1,600 SDR level,
+and yet he appears reluctant to do so," one manufacturer said.
+    "We all hoped the manager would move into the market to buy
+up to 75,000 tonnes in a fairly short period, and then simply
+step back," he added.
+    "The way the manager is only nibbling at the edge of the
+market at the moment is actually depressing sentiment and the
+market because everyone is holding back from both buying and
+selling waiting to see what the manager will do next," one
+processor said.
+    "As long as his buying tactics remain the same the market is
+likely to stay in the doldrums, and I see no indication he is
+about to alter his methods," he added.
+    Processors and chocolate manufacturers said consumer prices
+for cocoa products were unlikely to be affected by buffer stock
+buying for some time to come.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5838" NEWID="17500">
+<DATE> 1-JUN-1987 09:04:17.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0837&#31;reute
+r f BC-JUDGEMENT-ENTERED-AGA   06-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUDGEMENT ENTERED AGAINST ARISTECH &lt;ARS></TITLE>
+<DATELINE>    PITTSBURGH, June 1 - </DATELINE><BODY>Aristech Chemical Corp said a judgment
+was entered against it in Texas State Court for nine mln dlrs
+plus prejudgment interest of 6,500,000 dlrs and legals fees of
+three mln dlrs.
+    It said the judgment arose from a suit filed by Union
+Pacific Corp &lt;UNP> against USX Corp &lt;X>, Aristech's former
+parent, in 1983, claiming damages for an alleged 1980 breach of
+a cumene purchasing contract by Aristech's predecessor, the USS
+Chemicals division of USX, which was then known as U.S. Steel
+Corp.
+    The company said it considers the judgment unjustified and
+it will seek to have it overturned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5839" NEWID="17501">
+<DATE> 1-JUN-1987 09:04:54.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0840&#31;reute
+b f BC-******ENTERTAINMENT-M   06-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ENTERTAINMENT MARKETING SEEKS TO BUY CRAZY EDDIE FOR EIGHT DLRS A SHARE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5840" NEWID="17502">
+<DATE> 1-JUN-1987 09:09:43.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0859&#31;reute
+u f BC-SPECTRA-PHYSICS-&lt;SPY>   06-01 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPECTRA-PHYSICS &lt;SPY> BOARD REJECTS TENDER OFFER</TITLE>
+<DATELINE>    SAN JOSE, Calif., June 1 - </DATELINE><BODY>Spectra-Physics Inc said its
+board rejected a 32 dlrs per share unsolicited tender offer for
+the company's stock from Ciba-Geigy Ltd &lt;CIGZ.Z>, which already
+holds 18.8 pct of the stock.
+    Spectra-Physics said it also filed a lawsuit in Delaware
+federal court this morning seeking to enjoin the offer and
+alleging, among other things, that the offer vilates federal
+securities laws, certain agreements between Ciba-Geigy and
+Spectra-Physics, and Ciba-Geigy's fiduciary duties.
+    Spectra-Physics said the two Ciba-Geigy designess to its
+board were not present at yesterday's special meeting which
+voted to reject the offer as financially inadequate, unfair and
+not in the best interests of Spectra-Physics or its
+stockholders.
+    The company said the board also authorized a special
+committee of outside directors to take whatever steps it deems
+necessary to protect the interests of Spectra-Physics and its
+stockholders and to investigate all alternatives to maximize
+the value of the stock, including talks with third parties.
+    Spectra-Physics said a letter communicating the board's
+recommendation and reasons therefore is being mailed to
+stockholders.
+    It said Robert Bruce, Reliance Group Holdings Inc's &lt;REL>
+designee on Spectra-Physics' board, resigned his position on
+May 29. His letter of resignation said the action was to
+alleviate Ciba-Geigy's stated justification for making the
+unsolicited offer that it had not contemplated another
+significant investor having representation on the board when
+its Spectra-Physics' investment was made.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5841" NEWID="17503">
+<DATE> 1-JUN-1987 09:10:51.33</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G C
+&#22;&#22;&#1;f0860&#31;reute
+u f BC-FRENCH-SAY-WHEAT-STOC   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH SAY WHEAT STOCKS FORECAST NO SURPRISE</TITLE>
+<DATELINE>    PARIS, June 1 - </DATELINE><BODY>The U.S. Department of Agriculture's
+forecast that French end-of-season soft wheat stocks will
+almost double in 1987/88 is premature but would not be
+surprising, according to French cereal organisation officials.
+    The Cereals Intervention Board, ONIC, Wheat Producers'
+Association and the National Union of Agricultural and Cereal
+Cooperatives have not yet forecast 1987/88 exports or
+end-of-season stocks.
+    However, the officials said the USDA's figure of end
+1987/88 stocks at 5.03 mln tonnes against 1986/87's 2.87 mln
+was not surprising given a record high yield forecast in April.
+    The French Feed Cereals Research Institute, ITCF, forecast
+in mid-April an average yield of 6.58 tonnes per hectare for
+soft wheat in 1987/88 compared with 5.6 tonnes in 1986/87 and
+the record high yield of 6.5/6.6 tonnes in 1984.
+    This would result in a French soft wheat harvest of around
+31 mln tonnes against 25.5 mln in 1986/87, given a Ministry of
+Agriculture estimate of area planted of 4.66 mln hectares
+against 4.61 mln in 1986/87.
+    ONIC's first preliminary forecast of the 1987/88 campaign
+will be released at the beginning of September, an ONIC
+official said.
+    Soft wheat exports in 1987/88 were extremely difficult to
+estimate at this stage, both within the European Community and
+to non-EC countries, an ONIC official said.
+    He said, however, that among countries to which France
+could increase its wheat exports were Egypt and the Maghreb
+countries (Morocco, Algeria and Tunisia), he said.
+    The USDA's forecast of an 11.65 mln tonne maize crop in
+1987/88 against 11.48 mln in 1986/87, while again premature,
+was not out of line with estimates of the French Maize
+Producers Association, AGPM, an AGPM official said.
+    Maize plantings would be down in 1987/88 but yields were
+expected to be higher, the AGPM official said.
+    It estimated 1987/88 maize plantings of 1.73 mln hectares,
+down seven pct from the 1.87 mln hectares planted in 1986/87.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5842" NEWID="17504">
+<DATE> 1-JUN-1987 09:11:27.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0866&#31;reute
+r f BC-QT8903/1   06-01 0081</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+U.S. STOCKS EX-DIVIDEND - Jun 1
+    NYSE STOCKS...
+ ags 2-for-1 stock split ctb     11 cts
+ aln              14 cts dis     08 cts
+ at  3-for-2 stock split eec     17 cts
+ acb              55 cts fnb 37-1/2 cts
+ aig          06-1/4 cts fpc     60 cts
+ avt          12-1/2 cts gec     34 cts
+ bkp              47 cts gps 12-1/2 cts
+ bni              50 cts gsx     45 cts
+ ciw              01 cts gr      39 cts
+ cne              42 cts g       33 cts
+ cic              65 cts hpc     44 cts
+ cnk 2-for-1 stock split log     25 cts
+ dny 2-for-1 stock split lce 47-1/2 cts
+ pop 2-for-1 stock split mm      51 cts
+ sbo 2-for-1 stock split mcd     58 cts
+ hlt              45 cts mmr     18 cts
+ efh              22 cts mrs     20 cts
+ jml              15 cts ncb     21 cts
+ klt          41-1/2 cts npk     39 cts
+ kmg          27-1/2 cts oec     49 cts
+ kmb              36 cts pin     75 cts
+ lrt           .0935 cts see     13 cts
+U.S. STOCKS EX-DIVIDEND =3 - Jun 1
+  NYSE STOCKS COND't...
+ slm 09 cts    AMEX STOCKS...
+ sns 45 cts  ai 10 cts mip    09 cts
+ tlr 12 cts  cvr30 cts wre    32 cts
+ tii 17 cts  cgf          37-1/2 cts
+ tka 02 cts  cfk          06-1/4 cts
+ wbo 30 cts  dpc              08 cts
+ trx 75 cts  mpi              03 cts
+             nyt pr a         09 cts
+             wlc          12-1/2 cts
+             rbc 3-for-2 stock split
+          
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5843" NEWID="17505">
+<DATE> 1-JUN-1987 09:17:04.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0889&#31;reute
+u f BC-ITALIAN-TREASURY-DETA   06-01 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN TREASURY DETAILS BORROWING REQUIREMENT</TITLE>
+<DATELINE>    Rome, June 1 - </DATELINE><BODY>The Italian Treasury said the public sector
+borrowing requirement in the first four months totalled a
+provisional 40,100 billion lire compared with 40,380 billion in
+the comparable 1986 period.
+    The Treasury said revenues in the first four months
+totalled a provisional 64,151 billion lire, while spending was
+a provisional 108,439 billion lire. Treasury management
+operations showed a positive balance of 4,188 billion lire.
+    The borrowing requirement was financed through medium and
+long term bond and loan issues on the domestic market totalling
+36,721 billion lire, through foreign borrowing of 60 billion
+lire, and through a 3,319 billion lire increase in other
+treasury debts.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5844" NEWID="17506">
+<DATE> 1-JUN-1987 09:18:33.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0895&#31;reute
+u f BC-BOEING-&lt;BA>-TO-ACQUIR   06-01 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING &lt;BA> TO ACQUIRE DEFENSE ELECTRONICS FIRM</TITLE>
+<DATELINE>    SEATTLE, June 1 - </DATELINE><BODY>Boeing Co and ARGOSystems Inc &lt;ARGI.O>
+said they reached an agreement for Boeing to acquire the
+Sunnyvale, Calif., defense electronics firm for about 275 mln
+dlrs.
+    The boards of both companies have approved the merger,
+which will be accomplished through a tender offer by a Boeing
+subsidiary of 37 dlrs a share cash for all of ARGOSystems'
+shares, the companies said.
+    Under the agreement, the Boeing subsidiary, TBC Holdings
+Corp, will begin the tender offer promptly. If at least 90 pct
+of the shares are not tendered, the offer will be prorated to
+49 pct, the companies said.
+    ARGOSystems has granted Boeing an option to buy 1,238,311
+shares or 18.5 pct of the outstanding stock for 37 dlrs a
+share, they said.
+    Also, Bill May, chairman of ARGOSystems, and three other
+officers have granted Boeing an option to buy their shares,
+another 8.9 pct of the outstanding stock, for 37 dlrs a share.
+    ARGOSystems makes equipment to monitor and analyze military
+communications signals, electronic warfare equipment to monitor
+and jam radar signals and signal processing systems.
+    For the nine months ended March 31, 1987, ARGOSystems
+reported earnings more than doubled to 6.3 mln dlrs or 95 cts a
+share from 3.1 mln dlrs or 46 cts. The year-ago period included
+a 2.2 mln dlr charge from a writedown of securities. Sales rose
+23.5 pct to 70.9 mln dlrs.
+    Sales are expected to exceed 100 mln dlrs for the fiscal
+year ending June 30, the companies said in a joint statement.
+    The company's backlog is currently more than 180 mln dlrs,
+they said. It has about 1,200 employees.
+    About 30 pct of ARGOSystems' business comes from
+international customers.
+    "ARGOSystems is a clear leader in its field. This
+association will expand our overall activities and
+significantly enhance our ability to compete in the defense
+electronics area," Boeing president Frank Shrontz said in a
+statement.
+    ARGOSystems will operate as a wholly owned subsidiary of
+Boeing Co.
+    The merger following the tender offer will be subject to
+approval by ARGOSystems shareholders, the companies said.
+    The tender offer and merger are subject to customary
+conditions and expiration of the Hart-Scott-Rodino notification
+waiting period, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5845" NEWID="17507">
+<DATE> 1-JUN-1987 09:21:29.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0905&#31;reute
+u f BC-COMPUTER-ASSOCIATES-&lt;   06-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER ASSOCIATES &lt;CA>, UCCEL SET MERGER</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Computer Associates International Inc
+and UCCEL Corp &lt;UCE> said they have signed a definitive merger
+agreement under which Computer Associates will pay about 800
+mln dlrs in stock for all outstanding UCCEL shares.
+    The companies said under the terms of the agreement, all
+UCCEL shareholders will receive about 1.69 shares of Computer
+common stock for each of the approximately 17 mln UCCEL shares
+outstanding.
+   
+    According to the companies, this would amount to about
+47.50 dlrs per UCCEL share, based on May 29 New York Stock
+Exchange closing prices.
+    Closing of the transaction is anticipated in August, the
+companies said. The companies said the resulting company wil
+retain the name Computer Associates International Inc.
+    Additionally, the companies said Charles Wang, currently
+Computer Associates chairman and chief executive, will continue
+as chairman of the new company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5846" NEWID="17508">
+<DATE> 1-JUN-1987 09:21:45.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0906&#31;reute
+h f AM-USEDCARS   06-01 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BOUGHT 16.5 MLN USED CARS, STUDY SAYS</TITLE>
+<DATELINE>    DETROIT, June 1 - </DATELINE><BODY>American motorists bought 16,524,000 used
+cars last year at an average cost of 5,833 dlrs each for a
+total market of 96.4 billion dlrs, according to a yearly study
+by the Hertz Corp.
+    The study also showed an increase in used car sales of
+about 600,000 units over 1985 volumes while the average price
+rose about 400 dlrs.
+    But the survey said the typical used car that changed hands
+in 1986 was slightly newer at 4.5 years old and 41,140 miles
+than in the prior year, when such a car had run 45,270 miles
+and was 4.6 years old.
+    "The sample shows that retail sales volume for used cars
+turned up after two years of decline," said Leigh Smith, a
+Hertz Corp. spokesman.
+    "And while costs of ownership went up to 25.5 cents a mile
+for used cars from 25.05 cents in 1985, they remain 47 pct
+under the estimated 48.5 cents a mile cost to own and operate a
+new car."
+    The increase in activity appeared to be linked to the
+record market for new cars, which passed 11.4 mln domestic and
+imported models last year because of the unprecedented cut-rate
+loan incentive packages offered by the Detroit-based automakers
+and changes in U.S. tax laws.
+    The incentive campaigns were largely sparked by General
+Motors Corp &lt;GM> in an attempt to reverse its slipping share of
+the American car market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5847" NEWID="17509">
+<DATE> 1-JUN-1987 09:28:59.43</DATE>
+<TOPICS><D>copper</D><D>sugar</D><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0917&#31;reute
+u f BC-ZAMBIA-CUTS-PRICES-AS   06-01 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIA CUTS PRICES AS TROOPS PATROL COPPERBELT</TITLE>
+<DATELINE>    LUSAKA, June 1 - </DATELINE><BODY>The Zambian government today announced
+minor price cuts for essential commodities as part of its new
+economic strategy, while police and troops patrolled the
+northern Copperbelt to prevent any outbreaks of rioting.
+    However, staple foods, such as bread, sugar and maize meal,
+were not affected by the cuts and many people said this could
+provoke trouble from disgruntled elements who had expected more
+sweeping reductions.
+    Observers in the capital expressed disillusionment with the
+small extent of the price cuts, which ranged up to 10 pct on
+items such as blankets, soap, detergents and baby food.
+    Residents in the Copperbelt contacted by telephone said
+government forces had set up roadblocks around the main towns.
+    In Lusaka, business went on as usual and there was no sign
+of troops or police reinforcements on the streets.
+    President Kaunda had ordered the price reductions to take
+account of lower import costs following the revaluation of the
+kwacha to a fixed rate of eight per dlr from 21 on May 1.
+    The revaluation formed part of a new go-it-alone economic
+strategy which Kaunda adopted to replace Zambia's IMF austerity
+program.
+    Labour leaders in the Copperbelt said last week gangs of
+unemployed youths were being formed in the politically volatile
+region to take action against shops that did not reduce their
+prices after today's deadline. Fifteen people were killed in
+the Copperbelt during food riots last December after the
+government tried to lift maize subsidies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5848" NEWID="17510">
+<DATE> 1-JUN-1987 09:31:29.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0924&#31;reute
+r f BC-CANADA-SOUTHERN-&lt;CSW.   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA SOUTHERN &lt;CSW.TO> TO OFFER SHARES</TITLE>
+<DATELINE>    CALGARY, June 1 - </DATELINE><BODY>Canada Southern Petroleum Ltd said its
+board has authorized an offering of about three mln shares of
+limited voting stock to shareholders of record on June 23.
+    The company said the rights offering will expire August
+Three.  The rights are nontransferable.
+    It said shareholders will be entitled to buy one new share
+for every three held at one dlr U.S. or 1.34 dlrs Canadian.
+Shareholders subscribing for their entire allotments will have
+the option of subscribing for shares not bought by others on a
+contingent allotment basis in any amount up to 100 pct of their
+original allotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5849" NEWID="17511">
+<DATE> 1-JUN-1987 09:34:41.28</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>south-korea</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0937&#31;reute
+u f PM-KOREA-TARIFF CORRECTION  06-01 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEOUL ANNOUNCES MORE TARIFF CUTS FOR U.S.</TITLE>
+<DATELINE>    SEOUL, June 1 - </DATELINE><BODY>South Korea will cut import taxes on 50
+goods, including construction equipment, cigarettes and
+tobacco, to help reduce its trade surplus with the United
+States, the Finance Ministry said today. The tariff cuts of
+between five and 30 pct will take effect on July 1.
+    South Korea ran a trade surplus of 7.3 billion dlrs with
+Washington in 1986, sharply up from 4.3 billion in 1985.
+    Today's announcement brings to 157 the number of goods for
+which similar measures were taken this year, a ministry
+official said. The 157 are among about 290 items on which
+Washington has asked Seoul to lower tariffs.
+    "This is in line with the government's policy to limit our
+trade surplus with the United States to help reduce trade
+friction between the two countries," said the official.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5850" NEWID="17512">
+<DATE> 1-JUN-1987 09:39:24.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0952&#31;reute
+u f BC-slaughter-guesstimate   06-01 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, June 1 - </DATELINE><BODY>Chicago Mercantile Exchange floor traders
+and commission house representatives are guesstimating today's
+hog slaughter at about 275,000 to 285,000 head versus 12,000
+week ago and 276,000 a year ago.
+    Cattle slaughter is guesstimated at about 126,000 to
+132,000 head versus 6,000 week ago and 133,000 a year ago.
+    Note: week ago figures reduced by Memorial Day holiday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5851" NEWID="17513">
+<DATE> 1-JUN-1987 09:40:01.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0954&#31;reute
+u f BC-ENTERTAINMENT-MAKES-B   06-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTERTAINMENT MAKES BUYOUT OFFER TO CRAZY EDDIE</TITLE>
+<DATELINE>    HOUSTON, Texas, June 1 - </DATELINE><BODY>Entertainment Marketing Inc &lt;EM>
+said it has made an offer to the board of Crazy Eddie Inc to
+acquire all outstanding shares of Crazy Eddie Inc for eight
+dlrs a share in cash.
+    Entertainment said the offer would be conducted through a
+negotiated merger with a new corporation to be formed by
+Entertainment Marketing.
+    Entertaiment said it has requested an early meeting with
+Crazy Eddie Inc's board and that it has committed 50 mln dlrs
+toward the purchase of the shares including those already
+purchased.
+   
+    The company also said it has retained Dean Witter Reynolds
+Inc to assist in raising the balance of the financing.
+    According to Entertainment, its company and its chairman
+own about 4.3 pct of Crazy Eddie's currently outstanding
+shares.
+    Additionally, the company said it is willing to negotiate
+all aspects of its offer and is willing to consider a
+transaction which would be tax free to Crazy Eddie's
+shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5852" NEWID="17514">
+<DATE> 1-JUN-1987 09:42:43.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0963&#31;reute
+u f BC-SMITHKLINE-&lt;SKB>,-BOE   06-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITHKLINE &lt;SKB>, BOEHRINGER FINALIZE PACT</TITLE>
+<DATELINE>    PHILADELPHIA, June 1 - </DATELINE><BODY>SmithKline Beckman Corp said it and
+&lt;Boehringer Mannheim GmbH> signed a final agreement to develop
+and market new cardiovascular medicines discovered by
+Boehringer.
+    Under the agreement, SmithKline said, it will have
+responsibility for developing the products in the U.S. Both
+partners will market the products in the U.S. and abroad.
+    Initially, SmithKline said, the companies will concentrate
+on the clinical development and marketing of carvedilol which
+is a compound to treat mild to moderate hypertension and
+angina.
+   
+    An application for marketing approval of carvedilol was
+submitted in West Germany last December, SmithKline said.
+Applications expected in other European markets this year and
+submission to the U.S. Food and Drug Administration is
+projected for 1990.
+    It said work also underway on thromboxane receptor
+antagonists, compounds which could be useful in accelerating
+disolution of blood clots and preventing blod clots from
+occuring in a heart attack as well as in other arterial
+diseases. The company said two of these compounds are in
+clinical evaluation in Europe and the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5853" NEWID="17515">
+<DATE> 1-JUN-1987 09:43:45.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0965&#31;reute
+r f BC-OCCIDENTAL-&lt;OXY>-SETS   06-01 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> SETS DEBT RETIREMENT DATE</TITLE>
+<DATELINE>    LOS ANGELES, June 1 - </DATELINE><BODY>Occidental Petroleum Corp said the
+previously reported retirement of nine series of Natural Gas
+Pipeline Co of America debt will occur on July two.
+    Retirement of the subsidiary's was announced by Occidental
+last week.
+    It said notices of redeemptions and pre-payments will be
+mailed shortly to all registered holders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5854" NEWID="17516">
+<DATE> 1-JUN-1987 09:44:12.12</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0968&#31;reute
+u f BC-INDIA-PLANS-MORE-BOMB   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA PLANS MORE BOMBAY OFFSHORE OIL WELLS</TITLE>
+<DATELINE>    BOMBAY, June 1 - </DATELINE><BODY>India's state-owned Oil and Natural Gas
+Commission (ONGC) plans to drill more wells in the Bombay
+offshore area, where a well spudded in February this year gave
+both oil and gas, an ONGC spokesman said.
+    The exploratory well, spudded at a depth of 2,140 metres,
+yielded 2,000 barrels of oil and 180,000 cubic metres of gas
+per day, he said.
+    "The well, one of the four structures drilled in the area 80
+km north-west of Bombay, indicates good prospects of both oil
+and gas. We've decided to drill at least three more wells in
+there before starting production on a commercial scale."
+    Production of Bombay High, part of the Bombay offshore
+field, has stabilised at around 500,000 barrels per day for the
+last two years.
+    ONGC produced 27.85 mln tonnes of crude in 1986/87 ending
+March, up from 27.51 the previous year. Bombay High accounted
+for 20.61 mln tonnes, marginally up from 20.10 the year before.
+India's total oil output is around 30 mln tonnes.
+    ONGC has been exploring the Bombay offshore area, developed
+since the late 1970s, for more oil as production from Bombay
+High has reached a plateau.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5855" NEWID="17517">
+<DATE> 1-JUN-1987 09:44:29.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0971&#31;reute
+w f BC-TOWN-AND-COUNTRY-CHAN   06-01 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOWN AND COUNTRY CHANGES NASDAQ SYMBOL</TITLE>
+<DATELINE>    CHELSEA, Mass., June 1 - </DATELINE><BODY>Town and Country Jewelry
+Manufacturing Corp said effective today its NASDAQ ticker
+symbol has been changed to &lt;TCJCA.O> from &lt;TJCA.O>
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5856" NEWID="17518">
+<DATE> 1-JUN-1987 09:45:25.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0973&#31;reute
+r f BC-SOCIETY-FOR-SAVINGS-&lt;   06-01 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCIETY FOR SAVINGS &lt;SOCS.O> FORMS PARENT</TITLE>
+<DATELINE>    HARTFORD, Conn., June 1 - </DATELINE><BODY>Society for Savings Bancorp Inc
+said it has completed its previously announced plan of
+acquisition making a new Delaware-chartered bank holding
+company the parent of Conneticut chartered Society for Savings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5857" NEWID="17519">
+<DATE> 1-JUN-1987 09:45:49.01</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0974&#31;reute
+u f BC-SAUDI-RENEGOTIATION-O   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI RENEGOTIATION OF ARAMCO DEAL MOVING ALONG</TITLE>
+<DATELINE>    NEW YORK, JUNE 1 - </DATELINE><BODY>Saudi Arabia's renegotiation of its
+collective agreement with Aramco to purchase oil for the
+latter's ex-partners is moving along and should lead to a
+fundamental structural change in the contract, oil industry
+sources said.
+    Petroleum Intelligence Weekly, in this Monday's edition,
+said negotiations are moving along for adjustment of the 1.34
+mln bpd joint long term agreement at official prices and
+volumes and other terms may be rearranged.
+    The agreement signed in January for the months from
+February to June is up for renegotiation.
+    Under the January contract Aramco was to purchase 1.34 mln
+bpd for the four partners allocated among them as Exxon Corp
+&lt;XON> 440,000 bpd, Texaco Inc &lt;TX> 350,000 bpd, Mobil Corp
+&lt;MOB> and Chevron Corp &lt;CHV> 550,000 bpd between them.
+    But an overlifting by Texaco Inc in the first quarter
+allowed other companies like Exxon Corp to underlift its
+obligations under the contract
+    PIW said that that one alternative under consideration is
+to revert to four individual contracts rather than a collective
+agrement.
+    John Lichtblau, director of the Petroleum Industry Research
+Foundation Inc said that renegotiation of the pact was more of
+a formality as the Saudis have each company on a separate
+schedule although separate agreements with the companies would
+favor one on one negotiations and ensure that contracted
+liftings occur .
+    "The companies will probably follow the Saudi wants within
+limits as they do not want to antagonize them for the long
+haul," he said.
+    Lichtblau said that the renegotiations would most likely
+concentrate on volume rather than price.
+    Saudi displeasure with the agreement has long been noted
+and in April industry publications said that renegotiation were
+being sought, a fact later confirmed by Reuters with Aramco.
+    Aramco Corp was formerly owned by Chevron Corp &lt;CHV>, Exxon
+Corp &lt;XON>, Mobil Corp &lt;MOB> and Texaco Inc &lt;TX> but is now
+owned by Saudi Arabia which bought its assets although the
+ex-partners have various agreements with Saudi Arabia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5858" NEWID="17520">
+<DATE> 1-JUN-1987 09:46:27.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0978&#31;reute
+r f BC-SCHERING-PLOUGH-&lt;SGP>   06-01 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHERING-PLOUGH &lt;SGP> GETS FDA APPROVAL</TITLE>
+<DATELINE>    MADISON, N.J., June 1 - </DATELINE><BODY>Schering-Plough Corp said its
+Elocon topical steroid for inflammatory skin disorders has been
+approved for marketing by the U.S. Food and Drug Administration
+in cream and ointment forms for once-daily applications.
+    The company said overseas health agency registrations for
+Elocon are scheduled to be submitted in a number of major
+markets this year and in other areas in 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5859" NEWID="17521">
+<DATE> 1-JUN-1987 09:46:52.56</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f0980&#31;reute
+u f AM-FLOODS   06-01 0173</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OKLAHOMA CLEANING UP AFTER WEEK OF FLOODS, RAINS</TITLE>
+<DATELINE>    OKLAHOMA CITY, June 1 - </DATELINE><BODY>Residents of central Oklahoma
+returned to their homes over the weekend after a week of heavy
+rains and severe flooding that left two dead and caused more
+than 20 mln dlrs in damage, officials said.
+    Some 900 people were evacuated from their homes during the
+rains and flooding last week, civil defense officials said.
+    Many of the shelters set up throughout the state in areas
+threatened by flooding, except those near the Washita and Red
+Rivers, closed as residents returned to their damaged homes.
+    Farmers who had expected a near-record wheat crop now say
+this year will see one of the largest losses in decades.
+    Gov. Henry Bellmon, who on Thursday declared a flooding
+emergency for central Oklahoma, was expected to ask President
+Reagan for federal disaster relief for the area.
+    In northern Texas, officials reported several tornadoes on
+Friday. A twister in Lubbock yesterday damaged six mobile homes
+and two houses. No injuries were reported.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5860" NEWID="17522">
+<DATE> 1-JUN-1987 09:48:45.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0985&#31;reute
+u f BC-CBT-PROPOSES-JAPANESE   06-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT PROPOSES JAPANESE GOVERNMENT BOND FUTURES</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>The Chicago Board of Trade (CBT) has
+asked federal regulators for authority to trade a futures
+contract in long-term Japanese government bonds.
+    The Commodity Futures Trading Commission (CFTC) said it has
+received an application from CBT for a contract comprised of
+yen bonds with a face value at maturity of 100 mln yen.
+    The price of the proposed contract would be quoted in
+points per 100 yen par value, with one point equal to one mln
+yen. The minimum price fluctuation would be 10,000 yen per
+contract, and the contract would have no daily price limits.
+    CFTC has requested public comment on the proposal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5861" NEWID="17523">
+<DATE> 1-JUN-1987 09:57:19.95</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1003&#31;reute
+b f BC-U.K.-MONEY-MARKET-GIV   06-01 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MONEY MARKET GIVEN 25 MLN STG LATE ASSISTANCE</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>The Bank of England said it provided the
+money market with late assistance of around 25 mln stg.
+    This takes the Bank's total help today to some 137 mln stg
+and compares with its latest forecast of a 150 mln stg
+shortage.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5862" NEWID="17524">
+<DATE> 1-JUN-1987 09:59:52.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1007&#31;reute
+r f BC-pega-to-buy-stake   06-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEGA TO BUY STAKE IN TAMPER-PROOF PACKAGING</TITLE>
+<DATELINE>    TORONTO, June 1 - </DATELINE><BODY>Pega Capital Resources Ltd &lt;PGA.TO> said
+it agreed in principle to acquire a 50 pct undivided interest
+in all rights and patents to a tamper resistant and
+tamper-evident packaging process for 1,250,000 dlrs.
+    The company said the purchase price is payable in 1,250,000
+common shares priced at one dlr each. The shares will be paid
+under an escrow agreement where Pega may terminate the purchase
+agreement and cancel the shares up to October 31, 1987.
+    It said the process results in readily visible breakage if
+packaging material is pierced by a sharp object.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5863" NEWID="17525">
+<DATE> 1-JUN-1987 10:00:58.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1011&#31;reute
+f f BC-******U.S.-APRIL-CONS   06-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. APRIL CONSTRUCTION SPENDING ROSE 0.4 PCT AFTER REVISED 1.1 PCT MARCH DROP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5864" NEWID="17526">
+<DATE> 1-JUN-1987 10:02:00.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1018&#31;reute
+d f BC-BAUSCH-AND-LOMB-&lt;BOL>   06-01 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAUSCH AND LOMB &lt;BOL> ANNOUNCES NEW PRODUCTS</TITLE>
+<DATELINE>    ROCHESTER, N.Y., June 1 - </DATELINE><BODY>Bausch and Lomb said it plans to
+launch a new line of soft contact lens care products in the
+United States.
+    The company said the line will be marketed under the ReNu
+tradename, and will involve fomulations which will
+enhance the convenience of contact lens cleaning and
+disinfecting.
+    Bausch and Lomb said the two products, which are scheduled
+for shipment in late July, are ReNu Multi-Action Disinfecting
+Solution and ReNu Sterile Preserved Saline.
+   
+    According to the company, the ReNu disinfecting solution is
+a single-step product for cold disinfection and the ReNu saline
+solution contains a new preservative with very low potential
+for eye irritation.
+    The company said another product in this line, ReNu
+Enzymatic Tablets, was introduced in December.
+    Additionally, the company said patents are currently
+pending on all three ReNu products, and that other solutions
+will be added to the ReNu line following Food and Drug
+Administration approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5865" NEWID="17527">
+<DATE> 1-JUN-1987 10:02:28.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1021&#31;reute
+r f BC-/U.S.-CONSTRUCTION-SP   06-01 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONSTRUCTION SPENDING ROSE 0.4 PCT IN APRIL</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>U.S. construction spending rose 1.7
+billion dlrs, or 0.4 pct, in April to a seasonally adjusted
+rate of 384.1 billion dlrs, the Commerce Department said.
+    Spending in March fell a revised 4.4 billion dlrs, or 1.1
+pct, to 382.4 billion dlrs, the department said.
+    Previously it said spending fell 1.3 pct in March.
+    April construction spending was 10.2 billion dlrs, or 2.7
+pct, above the April, 1986, level of 373.9 billion dlrs.
+    Private construction spending rose to 307.9 billion dlrs in
+April from 306.0 billion dlrs the previous month and included a
+gain in single-family homes, the department said.
+    Spending on one-unit home construction rose to 113.1
+billion dlrs from 111.5 billion dlrs while multi-unit spending
+edged down to 28.3 billion dlrs from 28.6 billion dlrs.
+    Spending on nonresidential construction rose to 88.0
+billion dlrs from 87.1 billion dlrs, but outlays on office
+construction fell to 24.5 billion dlrs from 25.6 billion dlrs
+in March, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5866" NEWID="17528">
+<DATE> 1-JUN-1987 10:03:06.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1026&#31;reute
+d f BC-TEXACO-&lt;QTX>-SUPPOPTS   06-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;QTX> SUPPOPTS BOND AND LIEN RULES STUDY</TITLE>
+<DATELINE>    AUSTIN, Texas, June 1 - </DATELINE><BODY>Texaco Inc &lt;QTX> said it will
+support the efforts of a Texas legislature joint committee,
+which will study and propose remedies for problems with the
+procedural bond and lien rules of the Texas judiciary.
+    The rules, which require a defendant in a civil case to
+post a bond in the full amount of the judgment plus interest in
+order to exercise its right to appeal the judgment, directly
+led to Texaco to file for protection under Chapter 11 of the
+Federal Bankruptcy Code, Texaco said.
+   
+    Texaco said it was unfortunate that it took its bankruptcy
+to illustrate the need for reform.
+    Texaco also said Pennzoil Co's &lt;PZL> obstructive tactics
+prevented similar legislation earlier in the legislature's
+session, which would have provided the trial judge in Texas
+flexibility to set the bond at a level appropriate to secure
+the interest of the judgment creditor based on the
+circumstances of the case.
+    Under current law, Texaco said it would have had to post
+the full 11.1 billion dlrs to exercise its right to appeal the
+judgment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5867" NEWID="17529">
+<DATE> 1-JUN-1987 10:03:56.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>hong-kong</D><D>malaysia</D><D>philippines</D><D>singapore</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1030&#31;reute
+r f BC-CPC-INTERNATIONAL-&lt;CP   06-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPC INTERNATIONAL &lt;CPC> COMPLETES ASIAN SALE</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., June 1 - </DATELINE><BODY>CPC International Inc said
+it has completed previously-announced transactions involving
+its grocery products businesses in four Asian countries with
+Ajinomoto Co Inc &lt;AJIN.T>, raising about 300 mln dlrs.
+    It said it will receive about 40 mln dlrs more later,
+mostly this month, when closings are expected in three more
+countries.  Proceeds will be used mostly for debt reduction.
+    CPC said Ajinomoto has purchased its equity in Knorr Foods
+Co Ltd, a joint venture in Japan between the two companies,
+with CPC to get fees for trademark and technology use.
+    CPC said Ajinomoto is also purchasing 50 pct interests in
+CPC's wholly-owned subsidiaries in Hong Kong, Malaysia, the
+Philippines, Singapore, Taiwan and Thailand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5868" NEWID="17530">
+<DATE> 1-JUN-1987 10:04:42.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1034&#31;reute
+u f BC-THOMPSON-MEDICAL-&lt;TM>   06-01 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMPSON MEDICAL &lt;TM> PLANS STATEMENT SHORTLY</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Thompson Medical Co Inc expects to
+release a statment in a few minutes, a company spokesman said.
+    The New York Stock Exchange has delayed opening the stock
+saying news is pending. The stock closed Friday at 19-3/4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5869" NEWID="17531">
+<DATE> 1-JUN-1987 10:05:15.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1038&#31;reute
+r f BC-INNOVATIVE-SOFTWARE-&lt;   06-01 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INNOVATIVE SOFTWARE &lt;INSO> TO OFFER CONVERTIBLES</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Innovative Software Inc said it plans to
+sell later this month or in July about 25 mln dlrs of
+convertible subordinated debentures due 2012.
+    Proceeds will be used for general corporate purposes,
+including possible acquisitions of complementary products,
+technologies or companies, Innovative Software said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5870" NEWID="17532">
+<DATE> 1-JUN-1987 10:05:55.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1040&#31;reute
+r f BC-CULLINET-&lt;CUL>-RELEAS   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CULLINET &lt;CUL> RELEASES NEW ANALYSIS SYSTEM</TITLE>
+<DATELINE>    WESTWOOD, Mass., June 1 - </DATELINE><BODY>Cullinet Software Inc said it has
+introduced Release 10.1 of Performance Monitor, an on-line
+system that enables system programmers to analyze performance
+information quicky.
+    Cullinet said the Release 10.1 provides program analysis
+functions for users of Cullinet's IDMS/R database software.
+    The company said it also has enhanced the new system with a
+"windowing" function that allows people to view several
+resources concurrently.
+    It added the new system is priced at 27,000 dlrs and will
+be generally available later this month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5871" NEWID="17533">
+<DATE> 1-JUN-1987 10:10:35.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1051&#31;reute
+u f BC-/CBT-PROPOSES-JAPANES   06-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBT PROPOSES JAPANESE GOVERNMENT BOND FUTURES</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>The Chicago Board of Trade, CBT, has
+asked federal regulators for authority to trade a futures
+contract in long-term Japanese government bonds.
+    The Commodity Futures Trading Commission, CFTC, said it has
+received an application from CBT for a contract comprised of
+yen bonds with a face value at maturity of 100 mln yen.
+    The price of the proposed contract would be quoted in
+points per 100 yen par value, with one point equal to one mln
+yen. The minimum price fluctuation would be 10,000 yen per
+contract, and the contract would have no daily price limits.
+    CFTC has requested public comment on the proposal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5872" NEWID="17534">
+<DATE> 1-JUN-1987 10:11:52.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1053&#31;reute
+f f BC-******BORDEN-TO-ACQUI   06-01 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BORDEN TO ACQUIRE PRINCE CO FOR ABOUT 180 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5873" NEWID="17535">
+<DATE> 1-JUN-1987 10:12:17.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1054&#31;reute
+f f BC-******thompson-medica   06-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>THOMPSON MEDICAL SAYS 1,290,000 SHARES TENDERED IN RESPONSE TO BID FOR ONE MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5874" NEWID="17536">
+<DATE> 1-JUN-1987 10:12:40.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1055&#31;reute
+b f BC-MERCEDES-BENZ-CREDIT   06-01 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCEDES-BENZ CREDIT ISSUES 100 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>Mercedes-Benz Credit Corp is issuing a 100
+mln dlr eurobond due June 25, 1992 paying 8-1/4 pct and priced
+at 100-1/2 pct, lead manager Deutsche Bank Capital Markets
+said.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 dlrs and will be listed in Luxembourg. The
+selling concession is 1-1/4 pct while management and
+underwriting combined pays 5/8 pct.
+    The payment date is June 25.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5875" NEWID="17537">
+<DATE> 1-JUN-1987 10:17:41.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1078&#31;reute
+f f BC-FRENCH-13-WEEK-T-BILL   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH 13-WEEK T-BILL AVERAGE RATE FALLS TO 7.72 PCT FROM 7.75 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5876" NEWID="17538">
+<DATE> 1-JUN-1987 10:18:24.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1083&#31;reute
+u f BC-POREX-&lt;PORX.O>-TO-MER   06-01 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POREX &lt;PORX.O> TO MERGE WITH MEDCO &lt;MCCS.O></TITLE>
+<DATELINE>    FAIRLAWN, N.J., June 1 - </DATELINE><BODY>Porex Technologies Corp said it
+has agreed to merge with its partly-owned subsidiary Medco
+Containment Services Inc in a deal worth about 380 mln dlrs in
+cash and common stock to Porex shareholders.
+    The company said under the agreement, Prex holders would
+receive new Medco shares representing a pro rata share of the
+9,159,552 Medco shares now owned by Porex plus a pro rata
+shares of the cash value of other porex assets, which is
+estimated at 60 mln dlrs subject to adjustment.
+    Medco now has 16.9 mln shares outstanding.
+    While exact terms may not be determined until the
+transaction becomes effective, Porex said each Porex share is
+expected to be exchanged for 0.82 Medco share and 5.38 dlrs in
+cash, subject to approval by sharehoilders of both companies.
+As part of the deal, Medco will split its stock five for two.
+    The company said the merger will be accounted for as a
+corporate reorganization and be recorded at historical book
+values.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5877" NEWID="17539">
+<DATE> 1-JUN-1987 10:18:32.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1084&#31;reute
+d f BC-WOODSTREAM-&lt;WOD>-SEES   06-01 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOODSTREAM &lt;WOD> SEES SECOND QUARTER LOSS</TITLE>
+<DATELINE>    LITITZ, Pa., June 1 - </DATELINE><BODY>Woodstream Corp said it expects a
+second quarter loss on sales below those of a year earlier.
+    In last year's second quarter, Woodstream earned 349,000
+dlrs on sales of 13.1 mln dlrs.
+    The company said it is seeking to reduce expenses and boost
+sales.  It said it is scaling back California fishing rod
+operations to cut overhead expenses anbd minimize losses.
+    Woodstream said its fishing technologies group is
+experieincing significantly higher selling, promotion and
+factory expenses, while fishing product sales have fallen due
+to inventory corrections by several major customers.
+    It said sales of its color liquid display fish/depth finder
+are expected to exceed three mln dlrs in the first half but
+will be substantially less than expected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5878" NEWID="17540">
+<DATE> 1-JUN-1987 10:22:28.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1103&#31;reute
+r f BC-COLT-INDUSTRIES-&lt;COT>   06-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLT INDUSTRIES &lt;COT> TO SELL BRITISH UNIT</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Colt Industries Inc said it signed a
+conditional agreement to sell its Woodville Polymer Engineering
+Ltd subsidiary in Great Britain to the Dowty Group PLC of
+Gloucestershire, England, for 35.9 mln stg.
+    The deal is scheduled to close by the end of June, the
+company said.
+    Woodville, which makes high technology precision products
+for aerospace, automotive and other industries, had 1986 sales
+of about 24 mln stg, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5879" NEWID="17541">
+<DATE> 1-JUN-1987 10:22:38.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D><D>chile</D><D>australia</D><D>spain</D><D>uruguay</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1104&#31;reute
+r f BC-FLUOR-&lt;FLR>-TO-ASSESS   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLUOR &lt;FLR> TO ASSESS VALUE OF GOLD OPERATIONS</TITLE>
+<DATELINE>    IRVINE, Calif., June 1 - </DATELINE><BODY>Fluor Corp said it retained two
+investment bankers to assess the value of its gold operations
+in light of improved world gold market conditions.
+    The engineering, construction and natural resources company
+said it retained Shearson Lehman Brothers Inc and S.G. Warburg
+and Co Inc to assist in the assessment.
+    Fluor owns 90 pct of St. Joe Gold Corp &lt;SJG>, a unit of
+Fluor's St. Joe Minerals subsidiary.
+    St. Joe Gold explores, develops, mines and produces
+precious metals in the U.S., Canada and Chile. It produced
+281,000 ounces of gold in its most recent fiscal year.
+    Fluor also has gold operations in Australia, Spain and
+Uruguay.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5880" NEWID="17542">
+<DATE> 1-JUN-1987 10:24:04.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1111&#31;reute
+r f BC-brampton-brick-ups   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAMPTON BRICK &lt;BBLA.TO> UPS EARNINGS FORECAST</TITLE>
+<DATELINE>    BRAMPTON, Ontario, June 1 - </DATELINE><BODY>Brampton Brick Ltd said it
+increased its 1987 earnings forecast to 94 cts a share from the
+83 cts a share predicted in its October 30, 1986 public share
+offering prospectus.
+    It said increased earnings will result from continuing
+production at its Toronto Don Valley plant past the original
+termination date of June 30, 1987, which will double 1987
+output. In addition, annual capacity at unit Brique Citadelle
+was increased by about 15 pct to 48 mln bricks.
+    The revised earnings forecast is after a May, 1987
+agreement to issue 900,000 class A subordinate voting shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5881" NEWID="17543">
+<DATE> 1-JUN-1987 10:24:42.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1114&#31;reute
+d f BC-ADVANCED-SYSTEMS-INC&lt;   06-01 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED SYSTEMS INC&lt;ASY> 2ND QTR APRIL 30 NET</TITLE>
+<DATELINE>    CHICAGO, June 1 -
+    </DATELINE><BODY>Shr 32 cts vs 22 cts
+    Net 2,022,000 vs 1,355,000
+    Revs 16.0 mln vs 13.2 mln
+    Avg shrs 6,237,000 vs 6,052,000
+    Six mths
+    Shr 58 cts vs 42 cts
+    Net 3,561,000 vs 2,525,000
+    Revs 30.0 mln vs 26.1 mln
+    Avg shrs 6,180,000 vs 6,017,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5882" NEWID="17544">
+<DATE> 1-JUN-1987 10:25:15.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1116&#31;reute
+d f BC-mannville-oil-and-gas   06-01 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANNVILLE OIL AND GAS LTD &lt;MOG.TO> 1ST QTR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, June 1 -
+    </DATELINE><BODY>Shr two cts vs seven cts
+    Net 164,000 vs 417,000
+    Revs 1,345,000 vs 2,021,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5883" NEWID="17545">
+<DATE> 1-JUN-1987 10:25:40.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1118&#31;reute
+d f BC-HOUSE-OF-FABRICS-INC   06-01 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE OF FABRICS INC &lt;HF> 1ST QTR NET APRIL 30</TITLE>
+<DATELINE>    SHERMAN OAKS, Calif., June 1 - 
+    </DATELINE><BODY>Shr 27 cts vs 18 cts
+    Net 1,757,000 vs 1,201,000
+    Revs 73.5 mln vs 71.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5884" NEWID="17546">
+<DATE> 1-JUN-1987 10:26:23.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1121&#31;reute
+d f BC-HOUSE-OF-FABRICS-PROJ   06-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE OF FABRICS PROJECTS GAINS IN FISCAL 1988</TITLE>
+<DATELINE>    SHERMAN OAKS, Calif., June 1 - </DATELINE><BODY>House of Fabrics Inc &lt;HF>
+said it expects further modest gains in revenues for fiscal
+year ending January 31, 1988.
+    In fiscal 1987, the company's revenues were 316.4 mln dlrs
+compared to 286.7 mln dlrs the previous fiscal year ending
+January 31.
+    House of Fabrics President and Chief executive, Gary
+Larkins, said the company will be aggressively promoting sales
+while applying tighter inventory controls.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5885" NEWID="17547">
+<DATE> 1-JUN-1987 10:26:40.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1124&#31;reute
+d f BC-ORBIT-OIL-AND-GAS-LTD   06-01 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORBIT OIL AND GAS LTD &lt;ORB.TO> 1ST QTR NET</TITLE>
+<DATELINE>    Calgary, Alberta, June 1 -
+    </DATELINE><BODY>Shr three cts vs three cts
+    Net 421,000 vs 333,000
+    Revs 2,103,000 vs 2,287,000
+    Avg shrs 16,068,000 vs 12,041,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5886" NEWID="17548">
+<DATE> 1-JUN-1987 10:27:12.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1128&#31;reute
+u f BC-METRO-AIRLINES-TO-BUY   06-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METRO AIRLINES TO BUY 16 SAAB COMMUTER PLANES</TITLE>
+<DATELINE>    STOCKHOLM, June 1 - </DATELINE><BODY>The U.S. Regional carrier &lt;Metro
+Airlines> has signed an agreement with Saab Scania AB &lt;SABS ST>
+to buy 16 34-seater Saab SF340 aircraft worth a total 650 mln
+crowns, the Swedish group's largest single order yet, Saab
+said.
+    It said in a statement that Metro airlines was also taking
+an option on a further 15 SF340 commuter planes.
+    The aircraft are to be delivered between now and next
+April.
+    "The order from Metro airlines is a definite breakthrough
+for the Saab SF340," said Tomy Hjort, the head of the SF340
+programme at Saab's air division.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5887" NEWID="17549">
+<DATE> 1-JUN-1987 10:28:47.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1133&#31;reute
+d f BC-HOLDERBANK-EXPECTS-19   06-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLDERBANK EXPECTS 1987 RESULTS TO BE STEADY</TITLE>
+<DATELINE>    ZURICH, June 1 - </DATELINE><BODY>Holderbank Financiere Glarus AG &lt;HOLZ.G>
+expects its 1987 results to be at least steady, with increases
+in volume sales and negative currency factors roughly
+cancelling each other out, deputy chairman Max Amstutz said.
+    He told a news conference that turnover was likely to rise
+20 pct in volume terms, partly through the consolidation of
+recently acquired companies. Ideal Basic Industries Inc &lt;IDL>
+of the U.S., Which Holderbank agreed last year to acquire,
+should boost group sales by around 12 pct.
+    But the weakness of the dollar -- the key currency for the
+group -- would remain a strong negative factor.
+    Holderbank earlier reported consolidated 1986 net profit of
+239 mln Swiss francs compared with 126 mln in 1985 on sales
+which fell to 3.3 billion francs from 3.6 billion.
+    Group president Thomas Schmidheiny said Holderbank was now
+in a consolidation phase after 15 years of enormous growth.
+    Priority would be given to strengthening its existing
+positions and to integrating recent acquisitions but the group
+would continue to take advantage of new opportunities for
+acquisitions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5888" NEWID="17550">
+<DATE> 1-JUN-1987 10:35:15.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1159&#31;reute
+f f BC-******ROBERT-MAXWELL   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROBERT MAXWELL SAID HE SUING TO STOP HARCOURT BRACE PAYING SPECIAL DIVIDEND
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5889" NEWID="17551">
+<DATE> 1-JUN-1987 10:36:46.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1165&#31;reute
+d f BC-VIDEO-&lt;JUKE.O>-TO-BUY   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIDEO &lt;JUKE.O> TO BUY PRESIDENT'S SHARES</TITLE>
+<DATELINE>    MIAMI, June 1 - </DATELINE><BODY>Video Jukebox Network inc said it signed a
+letter of intent to purchase up to 3.5 mln shares of the four
+mln shares of the company's common stock from its founder and
+president, Steven Peters.
+    Video said the shares are to be purchased by Louis Wolfson
+III, senior vice president of &lt;Venture W Inc>, &lt;National Brands
+Inc>, J. Patrick Michaels Jr and &lt;CEA Investors Partnership
+II>.
+    Video said it currently has 7,525,000 shares of common
+stock outstanding. The company said it went public earlier this
+year and its current ask price was 1-7/8.
+   
+    CEA Investors Partnership II has planned the partnership to
+be operated by Michaels, who is chairman and president of
+&lt;Communications Equity Associates Inc>, a media brokerage firm,
+Video said.
+    The terms of the proposed transaction were not disclosed.
+    Video said Peters will continue as chairman and president
+of the company.
+    It said the parties have until June 29 to agree to all
+terms of the letter of intent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5890" NEWID="17552">
+<DATE> 1-JUN-1987 10:37:16.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1168&#31;reute
+u f BC-CIRCUS-CIRCUS-&lt;CIR>-T   06-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRCUS CIRCUS &lt;CIR> TO HAVE 2ND QTR CHARGE</TITLE>
+<DATELINE>    LAS VEGAS, June 1 - </DATELINE><BODY>Circus Circus Enterprises Inc said it
+expects to report a charge of about six mln dlrs or 16 cts per
+share against results for the second quarter ending July 31 due
+to a tender for all 75 mln dlrs of its first mortgage bonds
+that expires June Two.
+    In last year's second quarter, the company took a 6,200,000
+dlr or 16 ct per share charge from the redemption of 80 mln
+dlrs principal amount of subordinated notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5891" NEWID="17553">
+<DATE> 1-JUN-1987 10:40:08.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1186&#31;reute
+u f BC-GERMAN-APRIL-WHOLESAL   06-01 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN APRIL WHOLESALE TURNOVER FALLS FOUR PCT</TITLE>
+<DATELINE>    WIESBADEN, June 1 - </DATELINE><BODY>West German wholesale turnover
+provisionally totalled about 66 billion marks in April, a real
+decline of four pct compared with the same month last year, the
+Federal Statistics Office said.
+    In March wholesale turnover had risen by a real seven pct
+on the year-ago period.
+    The Statistics Office said that in the first four months of
+this year wholesale turnover of about 244 billion marks was a
+real one pct down from last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5892" NEWID="17554">
+<DATE> 1-JUN-1987 10:40:32.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1191&#31;reute
+r f BC-BERKSHIRE-GAS-CO-&lt;BGA   06-01 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERKSHIRE GAS CO &lt;BGAS.O> RAISES PAYOUT</TITLE>
+<DATELINE>    PITTSFIELD, Mass., June 1 -
+    </DATELINE><BODY>Qtly div 30-1/2 cts vs 28-1/2 cts prior
+    Pay July 15
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5893" NEWID="17555">
+<DATE> 1-JUN-1987 10:40:45.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1193&#31;reute
+r f BC-FOOD-LION-&lt;FDLNB.O>-M   06-01 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOD LION &lt;FDLNB.O> MAY SALES RISE</TITLE>
+<DATELINE>    SALISBURY, N.C., June 1 - </DATELINE><BODY>Food Lion Inc said sales for the
+four weeks ended May 23 were up 21.9 pct to 222.6 mln dlrs from
+182.6 mln dlrs a year earlier.
+    The company said sales for the year to date were up 23.4
+pct to 1.06 billion dlrs from 858.8 mln dlrs a year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5894" NEWID="17556">
+<DATE> 1-JUN-1987 10:40:53.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1194&#31;reute
+r f BC-MARCADE-GROUP-INC-&lt;MA   06-01 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARCADE GROUP INC &lt;MAR> 1ST QTR MAY 2 NET</TITLE>
+<DATELINE>    NEW YORK, June 1 -
+    </DATELINE><BODY>Shr four cts vs 10 cts
+    Shr diluted two cts vs 10 cts
+    Net 1,841,000 vs 978,000
+    Revs 36.1 mln vs 20.5 mln
+    Avg shrs 25,734,000 vs 9,200,000
+    Avg shrs diluted 48,878,000 vs 9,200,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5895" NEWID="17557">
+<DATE> 1-JUN-1987 10:41:09.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1197&#31;reute
+d f BC-INTELLIGENT-SYSTEMS&lt;I   06-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELLIGENT SYSTEMS&lt;INP> UNIT UNVEILS NEW BOARDS</TITLE>
+<DATELINE>    NORCROSS, Ga., June 1 - </DATELINE><BODY>Quadram, a unit of Intelligent
+Systems Corp, said it has introduced three new memory and
+multifunction boards for the International Business Machines
+Corp &lt;IBM> Personal System/2 Models 50 and 60.
+    The company said the new products, scheduled for shipment
+in August and September, include QuadMEG PS/Q memory board,
+QuadPort PS/Q, an input/output board, and Quadboard PS/Q a
+multifunction board.
+    Quadram also said it has slashed prices effective
+immediately for its QuadEGA+ and QuadEGA ProSync graphics
+boards by 10 pct and 15 pct, respectively.
+    Quadram said QuadEGA+'s price is cut to 445 dlrs from 495
+dlrs, while QuadEGA ProSync's price is reduced to 495 dlrs from
+595 dlrs.
+    The Intelligent Systems unit also has entered into an
+open-ended joint technology and product development agreement
+with &lt;Genoa Systems Corp>, Genoa Systems said.
+    Genoa, a maker of PC-compatible products, said the
+agreement allows Quadram to use Genoa's proprietary video
+controller chip sets in Quadram's new UltraVGA graphics board
+products and sets up a joint development project for a variety
+of future graphics products.
+    Genoa Systems said the agreement extends a prior, two-year
+commercial relationship under which Genoa has supplied Quadram
+with technology and equipment based on its Galaxy line of tape
+backup systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5896" NEWID="17558">
+<DATE> 1-JUN-1987 10:41:13.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1198&#31;reute
+d f BC-GREENMAN-BROS-INC-&lt;GM   06-01 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREENMAN BROS INC &lt;GMN> 1ST QTR MAY 2 LOSS</TITLE>
+<DATELINE>    FARMINGDALE, N.Y., June 1 -
+    </DATELINE><BODY>Shr loss 52 cts vs loss 49 cts
+    Net loss 3,142,000 vs loss 2,936,000
+    Sales 40.9 mln vs 40.1 mln
+    NOTE: Year ago share results adjusted for five-for-four
+stock split in August 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5897" NEWID="17559">
+<DATE> 1-JUN-1987 10:44:11.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1208&#31;reute
+d f BC-MARCADE-GROUP-&lt;MAR>-P   06-01 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARCADE GROUP &lt;MAR> PLANS ACQUISITION</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Marcade Group Inc said it has agreed in
+principle to acquire a prominent, privately-held maker of
+ladies' sports wear for an cash, shares and options to purchase
+Marcade common valued at about 20 mln dlrs.
+    In its fiscal year recently ended, Marcade said, the
+company to be acquired which owns five U.S. manufacturing
+facilities and one offshore had revenues of over 60 mln dlrs
+and pretax earnings of about four mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5898" NEWID="17560">
+<DATE> 1-JUN-1987 10:47:12.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1217&#31;reute
+r f BC-AMERICAN-HEALTHCARE-A   06-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN HEALTHCARE AND 3M &lt;MMM> SIGN ACCORD</TITLE>
+<DATELINE>    ST. PAUL, MINN., June 1 - </DATELINE><BODY>Minnesota Mining and
+Manufacturing Co said it signed a five year agreement to become
+a preferred supplier to San Diego, California-based (American
+Healthcare System).
+    The agreement permits American Healthcare hospitals to buy
+at competitive prices from 3M's 14 business divisions, products
+in radiology, laboratory, food service, maintenence supplies
+and audio visuals, advertising services, office supplies,
+computer hardware and software, it said.
+    American Healthcare is a health care network representing
+more than 1,100 not-for-profit hospitals in 47 states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5899" NEWID="17561">
+<DATE> 1-JUN-1987 10:47:24.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1219&#31;reute
+d f BC-THOMPSON-MEDICAL-&lt;TM>   06-01 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMPSON MEDICAL &lt;TM> OFFER OVERSUBSCRIBED</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Thompson Medical Co Inc said about
+1,290,000 shares of its common were tendered before the
+expiration of the company's offer of 20 dlrs a share for up to
+one mln common shares.
+    Accordingly, the proration percentage is expected to be
+about 77.5 pct, Thompson said.
+    It said payment for the one mln shares being purchased is
+expected to begin about June 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5900" NEWID="17562">
+<DATE> 1-JUN-1987 10:48:50.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1229&#31;reute
+u f BC-PENNSYLVANIA-ENTERPRI   06-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNSYLVANIA ENTERPRISES &lt;PENT.O> BID STANDS</TITLE>
+<DATELINE>    WILKES-BARRE, Pa., June 1 - </DATELINE><BODY>Utilities Investment Inc said
+it still is offering to acquire Pennsylvania Enterprises Inc
+for 55 dlrs per share.
+    It said it is prepared to negotiate its offer.
+    The Pennsylvania Enterprises board rejected the offer two
+weeks ago as being inadequate.
+    Utilities said it has the financial commitments required to
+ensure that Pennsylvania Enterprises' facilities would be
+upgraded to insure an adequate supply of safe drinking water.
+    It said its representatives will be attending Pennsylvania
+Enterprises' annual meeting tomorrow in Wilkes-Barre, Pa.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5901" NEWID="17563">
+<DATE> 1-JUN-1987 10:50:11.14</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1234&#31;reute
+h f BC-DOW-CHEMICAL-&lt;DOW>-TO   06-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW CHEMICAL &lt;DOW> TO INCREASE PRICES</TITLE>
+<DATELINE>    MIDLAND, Mich., June 1 - </DATELINE><BODY>Dow Chemical U.S.A. Midland Co
+said it will increase prices of its high performance thermal
+fluids, in bulk and drums, effective July One, for contract and
+spot customers.
+    The bulk list prices for diphenyl oxide, in both technical
+and refined grades, will be raised five pct to 1.26 dlrs per
+pound for technical and 1.36 dlrs per for refined, Dow said.
+    Other increases include Dowtherm G to 21.92 dlrs per
+gallon; Dowtherm HT to 20.94 dlrs per gallon; Dowtherm J to
+14.96 dlrs per gallon, and Dowtherm LF to 18.68 dlrs per
+gallon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5902" NEWID="17564">
+<DATE> 1-JUN-1987 10:50:26.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1236&#31;reute
+r f BC-SUFFOLK-BANCORP-&lt;SUBK   06-01 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUFFOLK BANCORP &lt;SUBK.O> RAISES QUARTERLY</TITLE>
+<DATELINE>    RIVERHEAD, N.Y., June 1 -
+    </DATELINE><BODY>Qtly div 13 cts vs 12-1/2 cts prior
+    Pay July One
+    Record June 10
+    NOTE: Dividend adjusted for recent two-for-one stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5903" NEWID="17565">
+<DATE> 1-JUN-1987 10:50:45.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1238&#31;reute
+u f BC-THOMPSON-MEDICAL-&lt;TM>   06-01 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMPSON MEDICAL &lt;TM> TENDER OVERSUBSCRIBED</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Thompson Medical co Inc said it received
+about 1,290,000 of its common shares in response to its tender
+offer for up to one mln at 20 dlrs each, and as a result the
+proration percentage is expected to be about 77.5 pct.
+    The company said payment for the shares is expected to
+start June 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5904" NEWID="17566">
+<DATE> 1-JUN-1987 10:51:15.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1241&#31;reute
+r f BC-CATO-CORP-&lt;CACOA>-SET   06-01 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATO CORP &lt;CACOA> SETS INITIAL DIVIDEND</TITLE>
+<DATELINE>    CHARLOTTE, N.C., June 1 - </DATELINE><BODY>Cato Corp, which went public
+April 30, said its board declared an initial quarterly dividend
+as a public company of two cts per share, payable June 26 to
+holders of record June 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5905" NEWID="17567">
+<DATE> 1-JUN-1987 10:53:25.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1251&#31;reute
+f f BC-******MERRILL-LYNCH-S   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MERRILL LYNCH SAYS PRORATION FACTOR FOR SUPERMARKETS TENDER IS 85.66 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5906" NEWID="17568">
+<DATE> 1-JUN-1987 10:54:08.95</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1253&#31;reute
+b f BC-BRAZIL-NOT-SELLING-TO   06-01 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL NOT SELLING TO COCOA BUFFER STOCK - TRADE</TITLE>
+<DATELINE>    RIO DE JANEIRO, June 1 - </DATELINE><BODY>Brazil is not selling cocoa beans
+to the International Cocoa Organization, ICCO, buffer stock, as
+spot prices for beans in the interior area are 20 to 25 pct
+higher than levels which would be paid by the ICCO buffer stock
+manager, trade sources in the major producing state Bahia said.
+    The scarcity of beans because of the effects of drought on
+the current temporao harvest has pushed prices well above
+international levels, the sources noted.
+    The only buyers are bean exporters or local processors
+covering previously contracted commitments, they added.
+    If sales were made they would be executed by individual
+exporting companies which are members of the Brazilian Cocoa
+Trade Commission, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5907" NEWID="17569">
+<DATE> 1-JUN-1987 10:55:50.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1256&#31;reute
+r f BC-RAVEN-INDUSTRIES-&lt;RAV   06-01 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAVEN INDUSTRIES &lt;RAV> BUYS TRUCK BODY BUSINESS</TITLE>
+<DATELINE>    SIOUX FALLS, S.D., June 1 - </DATELINE><BODY>Raven Industries Inc said it
+purchased the utility truck body business of (Astoria
+Fibra-Steel, Inc) for cash.
+    Details of the transaction were not disclosed.
+    The Astoria product line, which has annual sales of about
+2.5 mln dlrs, will be manufactured and sold by Raven's newly
+formed subsidiary, Astoria Industries Inc, Raven said. Its
+Glasstite Inc subsidiary also manufactures and sells utility
+truck bodies.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5908" NEWID="17570">
+<DATE> 1-JUN-1987 10:57:42.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1260&#31;reute
+r f BC-GLEASON-&lt;GLE>-UNIT-AD   06-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLEASON &lt;GLE> UNIT ADDS EQUIPMENT TO AUDI MODEL</TITLE>
+<DATELINE>    ROCHESTER, N.Y., June 1 - </DATELINE><BODY>Gleason Corp's subsidiary,
+Gleason Power Systems, said its Torsen torque-sensing
+differential will be supplied as standard equipment in the new
+Audi 90 Quattro four-wheel drive vehicle.
+    Initial Torsen differential production for the new Audi 90
+will not affect earnings in 1987, Gleason said.
+    The Audi Quattros 80 and 90 models will be introduced in
+the U.S. in late 1987, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5909" NEWID="17571">
+<DATE> 1-JUN-1987 10:58:29.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1264&#31;reute
+r f BC-HOSPITAL-CORP-&lt;HCA>-G   06-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOSPITAL CORP &lt;HCA> GETS FINANCING COMMITMENTS</TITLE>
+<DATELINE>    NASHVILLE, Tenn., June 1 - </DATELINE><BODY>Hospital Corp of America said it
+received financing commitments of about 1.9 billion dlrs to pay
+for its previously announced reorganization.
+     Hospital Corp said under the reorganization, over 100
+hospitals will be spun off to a new, independent company owned
+by an employee stock ownership plan, ESOP, for 1.8 billion dlrs
+in cash.
+    Hospital Corp said in addition to the cash payment, it will
+also receive preferred stock and warrants to purchase up to 34
+pct of the fully diluted stock of the new company.
+   
+    According to Hospital Corp, the transaction is expected to
+be completed in the third quarter of the year, and proceeds
+will be used to reduce Hospital Corp's debt and to repurchase
+Hospital Corp common shares.
+     Hospital Corp said the 100 hospitals to be acquired by the
+new company had net revenues totaling about 1.5 mln dlrs in
+1986.
+    Hospital Corp further said the ESOP would initially own
+99.5 pct of the outstanding common stock of the new company or
+about 51 pct on a fully diluted basis.
+   
+    Hospital Corp said the new company's management would
+initially purchase one-half of one pct of the common stock of
+the new company, with incentive plans providing management the
+opportunity to earn up to 10 pct of the stock.
+    According to Hospital Corp, institutions purchasing debt of
+the new company will receive warrants for the remaining five
+pct of the new company's fully diluted common stock.
+    Hospital Corp said Drexel Burnham Lambert Inc has agreed to
+provide bridge financing, or to find buyers for debt of the new
+company, for an amount of up to 956 mln dlrs.
+   
+    The financing will comprise 270 mln dlrs of senior
+unsecured ESOP debt and 686 mln dlrs of unsecured subordinated
+financing for the new company, Hospital Corp said.
+    Additionally, Wells Fargo Bank NA has agreed to syndicate
+up to 940 mln dlrs of secured bank financing, comprising a 400
+mln dlr revolving credit loan and a 540 mln dlr separate ESOP
+term loan, Hospital Corp said.
+    Wells Fargo has committed itself to fund an aggregate 400
+mln dlrs of these loans, Hospital Corp said.
+    Hospital Corp said it will not guarantee any of the debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5910" NEWID="17572">
+<DATE> 1-JUN-1987 11:03:27.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>uk</D><D>west-germany</D><D>luxembourg</D><D>denmark</D><D>switzerland</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1290&#31;reute
+r f BC-EC-EUROBOND-ISSUE-REM   06-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC EUROBOND ISSUE REMAINS UNRESOLVED - DIPLOMATS</TITLE>
+<DATELINE>    BRUSSELS, June 1 - </DATELINE><BODY>European Community diplomats said the
+question of whether Eurobonds will fall under proposed EC rules
+requiring new securities issues in Community countries to be
+preceded by a prospectus has yet to be resolved.
+    The U.K. Securities industry has been lobbying hard against
+an EC Commission proposal, aimed at protecting investors, that
+would require publication and approval of a prospectus before
+all public offers of securities.
+    The proposed directive currently includes Eurobonds,
+although it makes an exception to the prospectus rules for
+issues directed exclusively at professional investors.
+    Diplomats said that with Britain tending towards backing
+West Germany and Luxembourg in their opposition to the
+inclusion of Eurobonds, the question of whether they would
+remain within the scope of the directive or not was wide open.
+    "Everything is in the melting pot," said one diplomat who
+declined to be named.
+    The diplomats said Belgium has now given up attempts to
+have the directive adopted by EC ministers before it hands over
+the presidency of the 12-nation Community to Denmark on July 1.
+It was not immediately clear what priority the Danes would
+attach to getting the proposals through during their six month
+tenure.
+    Meanwhile, discussions on the directive at working group
+level have halted, diplomats said.
+    Officials of the EC Commission said it recognised that its
+proposals created a conflict between the need for greater
+protection of investors, on the one hand, and for banks and
+other institutions to place Eurobonds quickly, on the other.
+    "It's a problem and we are still in the grips of internal
+debate as to the right line to take," said one Commission
+official. Eurobonds were not included in the original draft
+directive, first put forward in 1981, but were brought into its
+scope later at the request of a number of EC member states.
+    Diplomats said countries that oppose the inclusion of
+Eurobonds in the proposals are worried that the prospectus
+requirements would prevent the thriving Eurobond market from
+functioning as well as it does now.
+    "With timing so essential to the market for placing and
+distribution, there's just not time to deal with these
+bureaucratic hurdles," said one.
+    He and others said the overriding concern was that the
+requirements could drive the Eurobond market out of traditional
+EC centres like London and Luxembourg to Switzerland, the U.S.
+Or Japan.
+    Diplomats said the Eurobond question is not the only issue
+that needs to be resolved before the directive can be passed.
+    They said West Germany's main objection to the directive in
+its present form is that it considers as too stringent proposed
+rules laying down how much information companies issuing
+non-listed securities should disclose in their prospectuses.
+    The proposed rules create problems for West Germany because
+its new second tier securities market has less demanding
+requirements that would have to be tightened.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5911" NEWID="17573">
+<DATE> 1-JUN-1987 11:04:49.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1298&#31;reute
+u f BC-PAY-N'-PAK-&lt;PNP>-GETS   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAY N' PAK &lt;PNP> GETS TWO OFFERS FOR COMPANY</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Pay N' Pak Stores Inc said it received
+two proposals in response to its previously announced
+solicitation of potential buyers for the company.
+    The company said it is evaluating the proposals from Paul
+Bilzerian and from a third party which is active in the
+leveraged buyout field but which Pay N' Pak declined to
+identify.
+    It said the Bilzerian proposal calls for shareholders to
+receive on a blended basis 16.67 dlrs in cash and 3.30 dlrs in
+liquidation value of cumulative exchangeable redeemable
+preferred stock for each common share.
+   
+    Pay N' Pak said the second proposal is structured as a
+merger in which each holder would receive a combination of
+17.50 dlrs in cash and 2.50 dlrs in liquidation value of 13-1/2
+pct cumulative preferred.
+    The company said the dividend on the preferred offered by
+Bilzerian would be set so that in the opinion his financial
+advisor and the company's financial advisor the preferred would
+trade in the public market at its liquidation value.
+    Dividends on the preferred could be paid at the option of
+the surviving corporation in cash or additional shares of
+preferred for the first five years, it added..
+   
+    Pay N' Pak said Bilzerian's proposal is subject to a
+physical inventory of merchandise at June 30. Bilzerian did not
+provide details with respect to financing of his proposal,
+which is not subject to a financing condition.
+    The company said dividends on the preferred being offered
+in the second proposal would be paid in additional preferred in
+the first three years and the preferred would be redeemed in
+years 12 and 13.
+    It said the second offer is contingent on the arrangement
+of financing, adding the party making the offer is confident of
+its ability to obtain the balance of the financing.
+   
+    Pay N' Pak said the second proposal is conditioned upon a
+satisfactory agreement with the company's management regarding
+its equity participation in the new company.
+    The second party anticipates executing a letter of intent
+when it delivers its financing commitment to the Pay N' Pak
+board that would incorporate an expense reinbursement and
+option arrangement, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5912" NEWID="17574">
+<DATE> 1-JUN-1987 11:06:11.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1304&#31;reute
+u f BC-MAXWELL-FILES-SUIT-TO   06-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAXWELL FILES SUIT TO STOP HARCOURT &lt;HBJ></TITLE>
+<DATELINE>    New York, June 1 - </DATELINE><BODY>Publisher Robert Maxwell's British
+Printing and Communicaton Corp PLC said it filed a lawsuit in
+U.S. district court against Harcourt Brace Jovanovich Inc, its
+directors and advisers to stop, among other things, payment of
+the special dividend Harcourt is paying as part of its
+recapitalization.
+    The suit, filed in Manhattan, also names First Boston Corp
+&lt;FBC> and seeks to void the issue by Harcourt of 40,000 shares
+of super voting preferred stock to First Boston Securities Corp
+and the issue of convertible voting preferred stock with
+4,700,000 votes in the Harcourt employee stock ownership plan.
+    The preferred shares to be issued to First Boston have
+8,160,000 votes. The suit, brought derivatively on behalf of
+Harcourt and individually in British Printing's capacity as a
+substantial holder of Harcourt common shares and 6-3/8 pct
+convertible debentures.
+    The suit alleges Harcourt's special dividend exceeds by
+more than one billion dlrs Harcout's surplus available for
+dividends under New York law and contstitutes a fraudulent
+conveyance.
+    The lawsuit also alleges that Harcourt failed to disclose
+that one consequence of the payment of the dividend, which it
+terms illegal, will be that shareholders will be liable to
+repay it.
+    Harcourt last week said it would pay 40 dlrs per share to
+stockholders as a special dividend. Harcourt also announced an
+extensive recapitalization plan, which analysts said was aimed
+at thwarting a takeover effort by British Printing.
+    British Printing last week withdrew its 44 dlr per share,
+or two billion dlr offer for Harcourt because of the
+recapitalizaton plan. At the time, it said it was reviewing its
+alternatives.
+    British Printing said it filed the suit after consultation
+with its advisers. Its lawsuit also alleges that Harcourt
+failed to disclose the effect of the special dividend on
+Harcourt 6-3/8 pct convertible debentures.
+    British Printing alleges the effect will be an enormous
+increase effective on the June eight record date for the
+dividend in the number of Harcourt common shares issuable upon
+conversion of the debentures. British Printing also charged 
+Harcourt is unlawfully coercing debenture holders to convert
+denbentures before the record date because Harcourt may not
+have enough authorized common shares to honor conversion after
+the date.
+    British Printing holds 460,600 shares and 5.6 mln dlrs
+worth of debentures.
+    The suit also alleges that management, the board of
+directors, and First Boston engaged in an illegal scheme of
+entrenchment through a combination of selling to First Boston
+Securities Corp the super voting preferred at a bargain price,
+the grant to the company employee stock plan of convertible
+voting preferred, the six mln share open market repurchase
+program and the manner in which its financing has been
+structured.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5913" NEWID="17575">
+<DATE> 1-JUN-1987 11:06:46.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1308&#31;reute
+u f BC-U.K.-BANKERS-CONSIDER   06-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BANKERS CONSIDER NEW ECGD FINANCING PLAN</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>Representatives of major U.K. Based banks
+are meeting here today to consider a new plan for reducing the
+cost of financing British exports guaranteed by the Export
+Credits Guarantee Department (ECGD), senior banking sources
+said.
+    The plan is being developed in conjunction with the ECGD
+and the Bank of England.
+    Neither the ECGD nor the Bank of England would comment on
+the plan. However, bankers said one of the main points under
+discussion is a plan to refinance the bulk of the ECGD's medium
+term credit portfolio in the international capital markets.
+    The proposals involve introducing a set of interest margins
+on ECGD backed debt of 5/16 to 7/8 pct, depending on the size
+and maturity of the credit and the currency.
+    The banks are likely to push for a higher margin. Bankers
+said that while these rates would reduce a bank's return they
+would still be more than those proposed about a year ago when
+the government attempted unsuccessfully to initiate another
+cost reduction plan.
+    At the same time, the banks would be expected to allow the
+ECGD to realise additional savings by refinancing existing
+government backed credit in the capital markets.
+    On credits that are refinanced an original lender would
+receive a residual margin of 7/16 pct for loans up to 10 mln
+stg and 3/16 pct on larger transactions.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5914" NEWID="17576">
+<DATE> 1-JUN-1987 11:08:28.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1320&#31;reute
+u f BC-pizza-inn   06-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEINBERG GROUP HAS FIVE PCT OF PIZZA INN &lt;PZA></TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>A group controlled by New York
+investor Saul Steinberg told the Securities and Exchange
+Commission it has acquired 168,500 shares of Pizza Inn Inc, or
+5.02 pct of the total outstanding common stock.
+    The group, which includes Reliance Financial Serivces Corp,
+a subsidiary of Reliance Group Holdings Inc &lt;REL>, said it
+bought the stock as an investment. It said it might add to its
+stake or sell some or all of it.
+    The Steinberg group said it bought the stock for 1.75 mln
+dlrs in open market purchases between April 13 and May 19 at
+prices ranging from 13.625 to 14.2661 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5915" NEWID="17577">
+<DATE> 1-JUN-1987 11:10:28.15</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1333&#31;reute
+b f BC-/-FED-EXPECTED-TO-SET   06-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO SET CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>The Federal Reserve is expected to add
+reserves to the U.S. banking system by arranging a round of
+customer repurchase agreements during this morning's
+intervention period, several economists said.
+    Some others, however, judged that the Fed has almost
+completed its reserve-adding requirement for the statement
+period ending on Wednesday and will not need to operate today.
+    Fed funds were trading at 6-11/16 pct, compared with
+Friday's average of 6.63 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5916" NEWID="17578">
+<DATE> 1-JUN-1987 11:10:41.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1335&#31;reute
+u f BC-AMERICANA-HOTELS-&lt;AHR   06-01 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICANA HOTELS &lt;AHR> TO REPURCHASE SHARES</TITLE>
+<DATELINE>    BOSTON, June 1 - </DATELINE><BODY>Americana Hotels and Realty corp said it
+intends to repurchase up to 400,000 of its common shares, or
+about seven pct, in the open market or privately from time to
+time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5917" NEWID="17579">
+<DATE> 1-JUN-1987 11:12:21.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1348&#31;reute
+u f BC-SUPERMARKETS-GENERAL   06-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERMARKETS GENERAL &lt;SGL> TENDER EXPIRES</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>SMG Acquisition Corp, a subsidiary of
+Merrill Lynch Capital Partners Inc, said 38.3 mln shares of
+Supermarkets General Corp were validly tendered by the midnight
+Friday expiration, resulting in a preliminary proration factor
+of 85.66 pct.
+    Merrill Lynch said it expects to announce the final
+proration factor within 10 business days and begin payment
+immediately thereafter. Shares validly tendered represented
+about 98.75 pct of the outstanding shares of Supermarkets
+General, the announcement said. The cash tender offer was for
+up to 32.8 mln shares at 46.75 dlrs net per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5918" NEWID="17580">
+<DATE> 1-JUN-1987 11:12:31.69</DATE>
+<TOPICS><D>pet-chem</D><D>acq</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1350&#31;reute
+r f BC-MONSANTO-TO-BUY-RHONE   06-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONSANTO TO BUY RHONE-POULENC POLYPHENYL BUSINESS</TITLE>
+<DATELINE>    BRUSSELS, June 1 - </DATELINE><BODY>Monsanto Chemical Company, a unit of
+Monsanto Co &lt;MTC.N>, is to acquire the polyphenyls business of
+Rhone-Poulenc Chimie, a unit of Rhone-Poulenc &lt;RHON.PA>,
+Monsanto said in a statement issued from its European
+headquarters.
+    The statement did not disclose financial details.
+    Gustaaf Francx, general manager of Monsanto Chemical Co
+Europe-Africa, said the acquisition would help Monsanto to
+expand its customer base for polyphenyls, which are used as
+components for high temperature heat transfer fluids.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5919" NEWID="17581">
+<DATE> 1-JUN-1987 11:12:37.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1351&#31;reute
+h f BC-PULITZER&lt;PLTZ.O>-RAIS   06-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PULITZER&lt;PLTZ.O> RAISES PRICE OF POST-DISPATCH</TITLE>
+<DATELINE>    ST. LOUIS, June 1 - </DATELINE><BODY>Pulitzer Publishing Co said it
+increased the retail price of the Sunday St. Louis
+Post-Dispatch to 1.00 dlrs a copy from 75 cts, effective June
+14.
+    The Post-Dispatch, which last increased the price of its
+Sunday paper in 1980, said it will receive 19 cts as its share
+of the 25 cts increase.
+    For the quarter ended March 31, the Post had an average
+Sunday circulation of 556,620.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5920" NEWID="17582">
+<DATE> 1-JUN-1987 11:12:46.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1353&#31;reute
+s f BC-CHICAGO-PACIFIC-CORP   06-01 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO PACIFIC CORP &lt;CPAC.O> REGULAR PAYOUT</TITLE>
+<DATELINE>    CHICAGO, June 1 -
+    </DATELINE><BODY>Qtly div five cts vs five cts previously
+    Pay July One
+    Record June 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5921" NEWID="17583">
+<DATE> 1-JUN-1987 11:12:49.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1354&#31;reute
+s f BC-GREEN-TREE-ACCEPTANCE   06-01 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREEN TREE ACCEPTANCE INC &lt;GNT> REGULAR PAYOUT</TITLE>
+<DATELINE>    ST. PAUL, June 1 -
+    </DATELINE><BODY>Qtly div 12-1/2 cts vs 12-1/2 cts prior
+    Pay June 30
+    Record June 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5922" NEWID="17584">
+<DATE> 1-JUN-1987 11:14:25.82</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>uae</D><D>ecuador</D><D>iraq</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1362&#31;reute
+u f BC-OPEC-OUTPUT-IN-MAY-SE   06-01 0117</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+OPEC OUTPUT IN MAY SEEN OVER CEILING AT 17 MLN BPD LONDON, June
+1 - OPEC's May output appears to have risen well above its 15.8
+mln bpd ceiling to 17 mln bpd, and the increase is likely to
+put a short-term lid on spot oil prices, Kleinwort Grieveson
+Securities says.
+    But Kleinwort's latest World Oil Report said re-stocking
+and lower non-OPEC output earlier this year should allow the
+group to produce up to 17 mln bpd in the current third quarter.
+    "On the supply/demand front, the market continues to enjoy a
+degree of stability rarely seen in recent years," it said.
+    It said most OPEC members were overproducing slightly but
+only the United Arab Emirates (UAE) was seriously above quota.
+    The report said Saudi Arabia had been sending clear signals
+on the need to maintain oil prices at current levels of around
+18 dlrs a barrel and adopt provisional output rises agreed in
+December when OPEC meets in Vienna on June 25. If OPEC adopts
+the provisional ceilings of 16.6 mln bpd in third quarter and
+18.3 mln bpd in the fourth, there will probably be room for
+overproduction in the third quarter when demand for its crude
+will probably be 17.5 to 18 mln, it said.
+    It said that the UAE and Ecuador may demand higher quotas
+in Vienna, but the biggest obstacle is Iraq, which has refused
+to honour its quota as it is less than that of Gulf War enemy
+Iran.
+    But OPEC appears committed to a short meeting and realises
+something must be done about the Iraq issue, the report said.
+    According to Kleinwort's sources, Saudi Arabia has already
+held separate talks with Iran and Iraq and is urging Iraq to be
+more moderate.
+    "One strong indication that some kind of deal may be
+eventually worked out is the almost complete silence coming
+from Iran," it said.
+    Indications are that, in return for going along with the
+Saudi desire to maintain official prices in Vienna, Iran is
+seeking concessions from the kingdom on the Iraq issue, it
+said.
+    Kleinwort said the kingdom will face an increasingly uphill
+task in trying to maintain prices around 18 dlrs beyond 1987.
+    Firstly, OPEC hardliners led by Iran are bound to oppose
+such a move. Secondly, other OPEC members will press for
+another price rise if the dollar remains weak against other
+currencies.
+    Thirdly, Saudi Arabia may be forced to raise prices earlier
+than it intended to ward off growing calls for higher prices
+from the U.S. To stimulate domestic drilling and exploration.
+    The report concluded that there is a strong possibility
+official OPEC prices will rise to 20 dlrs a barrel by end-1987
+and 22 dlrs a barrel by end-1988.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5923" NEWID="17585">
+<DATE> 1-JUN-1987 11:16:08.23</DATE>
+<TOPICS><D>acq</D><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D><D>france</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1365&#31;reute
+u f BC-BORDEN-&lt;BN>-TO-ACQUIR   06-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORDEN &lt;BN> TO ACQUIRE MAJOR PASTA MAKER</TITLE>
+<DATELINE>    NEW YROK, June 1 - </DATELINE><BODY>Borden Inc said it is acquiring &lt;Prince
+Co Inc> and three companies producing grocery products for 180
+mln dlrs.
+    Borden said the four companies are expected to have 1987
+sales totaling 230 mln dlrs.
+    It said Prince, a Lowell, Mass., producer of pasta and
+Italian food sauces, is expected to account for 210 mln dlrs of
+this total. This year's sales of Borden pasta -- by the 13
+regional brands and the premium Creamette brand distributed on
+a nearly national basis -- are expected to toal 285 mln dlrs,
+it said.
+    Borden said the other three companies being acquired are
+Steero Bouillon of Jersey City, N.J., Blue Channel Inc, a
+Beaufort, S.C., producer of canned crabmeat, and the canned
+shrimp products line of DeJean Packing Inc of Biloxi, Miss.
+    Borden also said the divestment of three operations with
+about 50 mln dlrs a year in sales is expected to produce nearly
+45 mln dlrs in cash for use toward the purchase of new
+businesses.
+    It said the sale of Polyco of Cincinnati, Ohio, which makes
+polyvinyl acetate emulsions, to Rohm and Haas Co &lt;ROH> was
+announced by the buyer last month.
+   
+    Borden said the divestment of two producers of toy models
+and hobby items -- Heller in France and Humbrol in England --
+is in process.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5924" NEWID="17586">
+<DATE> 1-JUN-1987 11:16:17.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1366&#31;reute
+r f BC-KINCAID-FURNITURE-&lt;KN   06-01 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KINCAID FURNITURE &lt;KNCD.O> REPURCHASES SHARES</TITLE>
+<DATELINE>    HUDSON, N.C., June 1 - </DATELINE><BODY>Kincaid Furniture Co Inc said its
+board has authorized the repurchase of up to 100,000 of its
+common shares, or a 2.9 pct interest, in the open market or
+privately from time to time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5925" NEWID="17587">
+<DATE> 1-JUN-1987 11:17:10.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1370&#31;reute
+r f BC-AMERICAN-SAVINGS-&lt;AAA   06-01 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN SAVINGS &lt;AAA> NAMES NEW CHIEF EXECUTIVE</TITLE>
+<DATELINE>    MIAMI, June 1 - </DATELINE><BODY>American Savings and Loan Association of
+Florida said its board has named president and chief operating
+officer Edward P. Mahoney to the added post of chief executive
+officer, succeeding Morris N. Broad, who remains chairman.
+    The company said Broad will focus on merchant banking
+investments, real estate developments and mortgage lending
+activities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5926" NEWID="17588">
+<DATE> 1-JUN-1987 11:17:16.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1371&#31;reute
+r f BC-GENOVESE-DRUG-STORES   06-01 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENOVESE DRUG STORES INC &lt;GDXA.O> RAISES PAYOUT</TITLE>
+<DATELINE>    MELVILLE, N.Y., June 1 -
+    </DATELINE><BODY>Qtly div six cts vs five cts
+    Pay June 30
+    Record June 22
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5927" NEWID="17589">
+<DATE> 1-JUN-1987 11:17:40.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1373&#31;reute
+d f BC-(SUBURBAN-BANCORP),-(   06-01 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(SUBURBAN BANCORP), (WOODSTOCK BANCORP) TO MERGE</TITLE>
+<DATELINE>    PALATINE, Ill., June 1 - </DATELINE><BODY>(Suburban Bancorp Inc) and
+(Woodstock State Bancorp Inc) said they agreed to a merger
+under which Suburban will purchase Woodstock's shares for a
+total of more than 18 mln dlrs in cash and Suburban Bancorp
+shares.
+    Woodstock is the holding company for the 110 mln dlr State
+Bank of Woodstock. The merger will bring Suburban's assets to
+661 mln dlrs and its total banks to 13.
+    The merger is subject to regulatory and shareholder
+approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5928" NEWID="17590">
+<DATE> 1-JUN-1987 11:17:59.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1374&#31;reute
+r f BC-NOVELL-&lt;NOVL.O>-UNVEI   06-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVELL &lt;NOVL.O> UNVEILS NETWORKING PRODUCTS</TITLE>
+<DATELINE>    ATLANTA, Ga., June 1 - </DATELINE><BODY>Novell Inc said it introduced a
+series of new networking products that extend its NetWare local
+area network (LAN) communications.
+    One of the new products, an asynchronous bridge, connects
+multiple remote NetWare LANs to a local to a local NetWare LAN
+over telephone lines using high-speed modems, Novell said.
+    Novell also said it has introduced a new asynchronous
+gateway which provides NetWare LANS with access to resources on
+minicomputers from Digital Equipment Corp &lt;DEC>, Data General
+&lt;DGN>, Hewlett-Packard &lt;HWP>, Prime Computer Inc &lt;PRM> and
+Tandem Computers &lt;TDM>.
+    Novell also said that its CXI Inc unit has introduced a
+series of new International Business Machines Corp &lt;IBM>
+gateway products including a 40-session coaxial gateway
+software, a variety of LAN workstation gateway sofware and new
+software for PCOX gateways.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5929" NEWID="17591">
+<DATE> 1-JUN-1987 11:23:36.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1402&#31;reute
+u f BC-PAINEWEBBER-ANALYST-S   06-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAINEWEBBER ANALYST SEES RECORD AIRLINE PROFITS</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>PaineWebber Group Inc &lt;PWJ> analyst John
+Pincavage says most airline stocks are undervalued in relation
+to record industry earnings expected in 1987.
+    Noting that the airlines as a group earned 85 mln dlrs in
+the first quarter of 1987 compared with a loss of 625 mln dlrs
+in the first quarter of 1986, Pincavage sees an improvement of
+similar magnitude in the current quarter. He believes earnings
+for the group will total about one billion dlrs in the second
+quarter of 1987 compared with 250 mln dlrs in earnings in the
+second quarter of 1986. "We're shaping up for a record year in
+1987," Pincavage told Reuters.
+    For the third quarter of 1987, Pincavage expects the group
+to earn about 1.5 billion dlrs compared with one billion dlrs
+in the same period of 1986.
+    Noting that the summer quarter is always a peak period, he
+says "at this point it's too soon to tell" about trends in the
+latter months of 1987. But he says for the group as a whole,
+fare discounting practices are not pressuring earnings like
+they were last year.
+    Pincavage has not changed any recommendations recently,
+maintaining buys on Texas Air Corp &lt;TEX> NWA Inc &lt;NWA> and AMR
+Corp &lt;AMR> and rating most others attractive.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5930" NEWID="17592">
+<DATE> 1-JUN-1987 11:24:08.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1403&#31;reute
+r f BC-BENETTON-SEES-HIGHER   06-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENETTON SEES HIGHER PROFIT, SALES IN 1987</TITLE>
+<DATELINE>    FRANKFURT, June 1 - </DATELINE><BODY>Italian fashion conglomerate Benetton
+Group Spa &lt;BTOM.MI> expects its net profit to rise to around
+135 billion lire in 1987 from 113 billion the year before, Aldo
+Palmeri, managing director of Benetton Group, said.
+    Palmeri told a presentation here that sales should increase
+to between 1,280 and 1,300 billion lire in 1987 from 1,079
+billion in 1986, of which foreign sales were expected to take
+up 850 billion lire.
+    Benetton finance director Carlo Gilardi said the company
+was planning to diversify further into the financial services
+sector and would also expand into the shoe business.
+    Benetton expanded into financial services mainly to speed
+up the development of its own systems, Gilardi said. Benetton
+has 400 sub-contractors and 600 distributor companies which
+created a demand for such services. "But we do not plan to
+abandon our traditional business," Gilardi said.
+    Benetton plans to expand further outside Italy, especially
+in the Far East. Talks are under way over a possible joint
+venture with the Soviet Union and with South Korea.
+    Palmeri said Benetton plans to list its shares in
+Frankfurt, London, New York and Tokyo as part of its global
+expansion but gave no dates when the listings would take place.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5931" NEWID="17593">
+<DATE> 1-JUN-1987 11:31:42.62</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1422&#31;reute
+h f BC-U.K.-BANKERS-CONSIDER   06-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BANKERS CONSIDER NEW ECGD FINANCING PLAN</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>Representatives of major U.K. Based banks
+are meeting here today to consider a new plan for reducing the
+cost of financing British exports guaranteed by the Export
+Credits Guarantee Department (ECGD), senior banking sources
+said.
+    The plan is being developed in conjunction with the ECGD
+and the Bank of England.
+    Neither the ECGD nor the Bank of England would comment on
+the plan. However, bankers said one of the main points under
+discussion is a plan to refinance the bulk of the ECGD's medium
+term credit portfolio in the international capital markets.
+
+    The proposals involve introducing a set of interest margins
+on ECGD backed debt of 5/16 to 7/8 pct, depending on the size
+and maturity of the credit and the currency.
+    The banks are likely to push for a higher margin. Bankers
+said that while these rates would reduce a bank's return they
+would still be more than those proposed about a year ago when
+the government attempted unsuccessfully to initiate another
+cost reduction plan.
+    At the same time, the banks would be expected to allow the
+ECGD to realise additional savings by refinancing existing
+government backed credit in the capital markets.
+
+    On credits that are refinanced an original lender would
+receive a residual margin of 7/16 pct for loans up to 10 mln
+stg and 3/16 pct on larger transactions.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5932" NEWID="17594">
+<DATE> 1-JUN-1987 11:35:07.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1442&#31;reute
+u f BC-COMMUNICATIONS-SYSTEM   06-01 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNICATIONS SYSTEMS INC &lt;CSII.O> UPS DIVIDEND</TITLE>
+<DATELINE>    HECTOR, MINN., June 1 - 
+    </DATELINE><BODY>Qtly div six cts vs five cts prior qtr
+    Pay 1 July
+    Record 19 June
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5933" NEWID="17595">
+<DATE> 1-JUN-1987 11:35:18.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1443&#31;reute
+u f BC-COKE-CONSOLIDATED-&lt;CO   06-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COKE CONSOLIDATED &lt;COKE.O> TO SELL CANADA UNIT</TITLE>
+<DATELINE>    CHARLOTTE, N.C., June 1 - </DATELINE><BODY>Coca-Cola Bottling Co
+Consolidated said it has agreed in principle to sell its
+Vancouver-based Canadian bottling subsidiary to Coca-Cola Co
+&lt;KO> for undisclosed terms, with closing expected within 60
+days subject to regulatroy approvals.
+    The company said the sale, a previously-announced agreement
+for Coca-Cola to buy 1,600,000 Coke Consolidated common shares
+and operating cash flow should allow it to reduce its long-term
+debvt to about 200 nmln dlrs from 325 mln dlrs at the end of
+the first quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5934" NEWID="17596">
+<DATE> 1-JUN-1987 11:36:44.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1449&#31;reute
+u f BC-CAMPEAU-&lt;CMP.T>-UNIT   06-01 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMPEAU &lt;CMP.T> UNIT TO SELL GARFINCKEL'S</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Campeau Corp said its Allied Stores Corp
+entered into a definitive agreement to sell its Garfinckel's
+division to &lt;Raleigh Stories Corp> for 95 mln dlrs.
+     The transaction is expected to close in July, the company
+said.
+    Garfinckel's net sales for fiscal 1986 were 111.9 mln dlrs,
+the company said.
+    Campeau said it expects to sell its remaining Allied
+divisions in the near future. Campeau announced its first
+agreement to sell an Allied unit in April, the company said.
+                                      
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5935" NEWID="17597">
+<DATE> 1-JUN-1987 11:37:03.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1452&#31;reute
+d f BC-WALLACE-COMPUTER-&lt;WCS   06-01 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALLACE COMPUTER &lt;WCS> BUY OFFICE PRODUCTS FIRM</TITLE>
+<DATELINE>    HILLSIDE, ILL., June 1 - </DATELINE><BODY>Wallace Computer Services Inc said
+it acquired for 12 mln dlrs in cash and industrial revenue
+bonds, certain assets of Rockwell-Barnes Inc, a Chicago-based
+office products company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5936" NEWID="17598">
+<DATE> 1-JUN-1987 11:37:13.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>japan</D><D>usa</D><D>france</D></PLACES>
+<PEOPLE><D>kohl</D><D>ciampi</D><D>stoltenberg</D><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1453&#31;reute
+u f BC-BONN-SEEN-REJECTING-N   06-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BONN SEEN REJECTING NEW GROWTH MEASURES AT SUMMIT</TITLE>
+<AUTHOR>    By Anthony Williams, Reuters</AUTHOR>
+<DATELINE>    BONN, June 1 - </DATELINE><BODY>West Germany will stand firm at next week's
+economic summit in Venice against foreign pressure to follow
+Japan's example of a multi-billion dlr package to stimulate the
+economy, West German officials said.
+    They conceded Japan's announcement last week of a 6,000
+billion yen plan to bolster its economy would throw the
+spotlight back on West Germany, which would face redoubled
+calls from its partners to stimulate sluggish growth.
+    (See ECRA page for latest Economic Spotlights)
+    This view has already been voiced in Washington, where
+officials spoke at the weekend of behind-the-scenes
+consultations with Chancellor Helmut Kohl with the aim of
+securing a quick pledge to take action on the economy.
+    Italy's central bank governor Carlo Ciampi has also
+criticized West Germany's reluctance "to utilize its economic
+potential" for expansionary policies.
+    But West German officials said it was virtually
+inconceivable that Kohl would make any concessions in Venice
+despite a sharp economic downswing at the start of this year.
+    "There is just no room for manoeuvre for any economic moves,"
+said one official, echoing statements by both Kohl and Finance
+Minister Gerhard Stoltenberg.
+    Stoltenberg already has problems finding the cash to
+finance a series of tax cuts promised for 1990, and has said
+his budget is now stretched to the limit.
+    He is reluctantly letting government borrowing rise while
+federal income falls as a result of the tax cuts, which he
+hopes will stimulate growth and satisfy foreign critics.
+    "West Germany is exhausting to the furthest possible limit
+its fiscal scope as far as growth and employment is concerned,"
+Stoltenberg said last month.
+    But U.S. Treasury Assistant Secretary David Mulford said
+Europeans and the U.S. Were worried by flagging German growth.
+    "We and others are concerned about the continued signs of
+weakness in the German economy," he said. Other U.S. Officials
+said France shared these worries.
+    Kohl will go to Venice only days after the publication of
+figures expected to show that the West German economy actually
+contracted in the first three months of 1987.
+    West Germany has pledged to review possible measures should
+further growth be endangered, but officials say they do not
+expect such a review to be necessary.
+    Bonn says the economy rebounded in the second quarter and
+it predicts growth of just under two pct for the year.
+    West Germany's trading partners are also likely to wait in
+in vain for any further pump-priming from the Bundesbank.
+    Bundesbank vice-president Helmut Schlesinger made clear
+today the bank would keep interest rates down, but said there
+were no plans for a cut in the Bundesbank's key discount rate,
+which, at three pct, is near historical lows.
+    Bundesbank President Karl Otto Poehl also spoke over the
+weekend of the need for all countries to play a role on the
+international economic scene.
+    "We have to recognise that there are also limits to economic
+growth in a country like Germany," he said.
+    This stance was taken by Kohl when he outlined expectations
+for the Venice summit in an interview last week.
+    Referring to West Germany's program of tax cuts and its low
+interest rates, he said, "With these policies we have made a
+significant contribution to growth and to a balanced
+development of the world economy."
+    Kohl expected no new initiatives from Venice, though he
+reckoned on confirmation of agreed policies, such as a pact
+made in Paris in February which sought to stabilize the dollar.
+    That pact involved a pledge from the United States and
+Japan, respectively to cut the massive American budget deficit
+and to stimulate Japanese demand.
+    Kohl said he would remind both Washington and Tokyo of
+those promises.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5937" NEWID="17599">
+<DATE> 1-JUN-1987 11:37:19.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1454&#31;reute
+r f BC-ALGER-TO-EXPAND-DISTR   06-01 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALGER TO EXPAND DISTRIBUTION OF OPEN-ENDED FUND</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>&lt;Alger Inc> said it will sell the Alger
+Fund through broker-dealers as a result of its agreement with
+Dealer Network Services, a division of the newly-established
+&lt;Rutland Securities L.P.>.
+    The fund formerly was sold only directly to investors,
+Alger said.
+    Dealer Network Services is organizing a countrywide group
+of established broker-dealers to sell the Alger Fund, Alger
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5938" NEWID="17600">
+<DATE> 1-JUN-1987 11:37:31.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1455&#31;reute
+h f BC-TWO-JOIN-NASDAQ-NATIO   06-01 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TWO JOIN NASDAQ NATIONAL MARKET SYSTEM</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>CSC Industries Inc &lt;CPSL.O> and ENZON
+Inc &lt;ENZN.O> said their common stocks will be added to the
+National Association of Securities Dealers' NASDAQ National
+Market System tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5939" NEWID="17601">
+<DATE> 1-JUN-1987 11:38:43.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1458&#31;reute
+r f BC-SUN-&lt;SUN>-TO-ACQUIRE   06-01 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN &lt;SUN> TO ACQUIRE MORE OF WYOMING FIELD</TITLE>
+<DATELINE>    FORT WORTH, Texas, - </DATELINE><BODY>&lt;Wolverine Exploration Co> said
+substantially all the material aspects of the agreement to sell
+its 8.95 pct working interest in the Luckey Ditch unit in Unita
+County, Wyo., to Sun Co Inc have been satisfied.
+    Closing of the transaction is scheduled for June eight,
+Wolverine said. The company agreed to sell its interest for
+7,250,000 dlrs, subject to downward adjustment for certain
+title and state requirements. Sun already owns a 44 pct working
+interest in the unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5940" NEWID="17602">
+<DATE> 1-JUN-1987 11:39:11.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1460&#31;reute
+r f BC-SECOM-GENERAL-TO-LIST   06-01 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECOM GENERAL TO LIST ON NASDAQ</TITLE>
+<DATELINE>    CHAPEL HILL, N.C., June 1 - </DATELINE><BODY>Secom General Corp said its
+common stock will be listed on the NASDAQ system tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5941" NEWID="17603">
+<DATE> 1-JUN-1987 11:39:26.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1461&#31;reute
+r f BC-KROGER-&lt;KR>-EMPLOYEES   06-01 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KROGER &lt;KR> EMPLOYEES TO VOTE ON NEW CONTRACT</TITLE>
+<DATELINE>    DENVER, June 1 - </DATELINE><BODY>Kroger Co said members of the United Food
+and Commercial Workers Union, which have been on strike against
+its King Soopers Supermarkets division for the past two weeks,
+will vote tonight on a new contract proposal.
+    It said the union has removed pickets from King Soopers
+stores pending the outcome of the vote.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5942" NEWID="17604">
+<DATE> 1-JUN-1987 11:40:04.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1463&#31;reute
+r f BC-CISTRON-BIOTECHNOLOGY   06-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CISTRON BIOTECHNOLOGY &lt;CIST.O> IN MARKETING DEAL</TITLE>
+<DATELINE>    PINE BROOK, N.J., June 1 - </DATELINE><BODY>Cistron Biotechnology Inc said
+it has reached a marketing agreement for a "major multinational
+consumer products company" it did not name to seek U.S. Food
+and Drug Administration approvals for over the counter sales of
+Cistron's home test for detection of vaginal infections.
+    The company said product commercialization could take place
+within 18 months.  The new tests are expected to retail for 10
+to 20 dlrs each and take about 30 minutes for results to become
+known.  It said its agreement with the major company also
+covers worldwide sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5943" NEWID="17605">
+<DATE> 1-JUN-1987 11:40:39.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1465&#31;reute
+r f BC-&lt;REALM-RESOURCES-INC>   06-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;REALM RESOURCES INC> SELLS SHARES PRIVATELY</TITLE>
+<DATELINE>    HOUSTON, June 1 - </DATELINE><BODY>Realm Resources Inc said it has sold
+privately 500,000 common shares and 500,000 shares of three dlr
+per share Series A preferred stock for total proceeds of
+1,500,000 dlrs.
+    The company said proceedsd will be used to funds oil and
+natural gas prospect generation efforts.
+    Realm also said it has placed a large block of Canadian
+metals mining company Getty Redsources Ltd with a group of
+investors and expects to earn a fee of up to one mln dlrs for
+its efforts, with proceeds to be used to fund investments in
+mining ventures, particularly precious metals ventures.
+    Realm further said its Class A common stock has been
+converted to common stock to simplify its capital structure.
+    It said it is considering a filing for a NASDAQ listing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5944" NEWID="17606">
+<DATE> 1-JUN-1987 11:41:11.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1469&#31;reute
+d f BC-STAR-TECHNOLOGIES-NAM   06-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STAR TECHNOLOGIES NAMES NEW PRESIDENT AND CEO</TITLE>
+<DATELINE>    STERLING, Va., June 1 - </DATELINE><BODY>Star Technologies Inc &lt;STRR.O> said
+it has appointed Robert Mathis as president and chief executive
+officer.
+    Mathis, a retired four-star general with the U.S. Air
+Force, and formerly president of &lt;Toomay, Mathis and Associates
+Inc>, replaces Herbert Shaw, who is returning to his position
+at &lt;Shaw Venture Partners>, Star said.
+    Star said Shaw will continue as Star's chairman of the
+board.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5945" NEWID="17607">
+<DATE> 1-JUN-1987 11:41:20.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1471&#31;reute
+d f BC-CONSOLIDATED-PROFESSO   06-01 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED PROFESSOR &lt;CPF.TO> 1ST QTR NET</TITLE>
+<DATELINE>    TORONTO, June 1 -
+    </DATELINE><BODY>Shr profit one ct vs nil
+    Net profit 163,016 vs loss 23,527
+    Revs 250,469 vs 48,473
+    Note: Full name Consolidated Professor Mines Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5946" NEWID="17608">
+<DATE> 1-JUN-1987 11:41:32.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1472&#31;reute
+f f BC-******WHITE-HOUSE-SAY   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE SAYS REAGAN HAS NOT DECIDED WHETHER TO RENAME VOLCKER AT FED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5947" NEWID="17609">
+<DATE> 1-JUN-1987 11:42:09.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1475&#31;reute
+d f BC-STAR-TECHNOLOGIES-&lt;ST   06-01 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STAR TECHNOLOGIES &lt;STRR.O> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    STERLING, Va., June 1 - </DATELINE><BODY>Star Technologies Inc said it has
+appointed Robert Mathis as president and chief executive
+officer, effective June one.
+    Mathis, a retired four-star general with the U.S. Air
+Force, and formerly president of &lt;Toomay, Mathis and Associates
+Inc>, replaces Herbert Shaw, who is returning to his position
+at &lt;Shaw Venture Partners>, Star said.
+    Star said Shaw will continue as Star's chairman of the
+board.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5948" NEWID="17610">
+<DATE> 1-JUN-1987 11:42:37.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1477&#31;reute
+d f BC-EMERY-&lt;EAF>-NAMES-KIL   06-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMERY &lt;EAF> NAMES KILCULLEN HEAD OF PUROLATOR</TITLE>
+<DATELINE>    WILTON, Conn., June 1 - </DATELINE><BODY>Emery Air Freight Corp, which
+acquired controlling interest in Purolator Courier Corp &lt;PCC>,
+said it has named John Kilcullen executive vice president and
+chief operating officer of Purolator.
+    Previously, Emery said Kilcullen was Purolator's executive
+vice president of operations.
+    Emery said Kilcullen now heads the Purolator executive
+management team and reports to Emery President Denis McCarthy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5949" NEWID="17611">
+<DATE> 1-JUN-1987 11:49:47.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1498&#31;reute
+r f BC-OCCIDENTAL-&lt;OXY>-UNIT   06-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> UNIT DELAYS REDEMPTION DATE</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Occidental Petroleum Corp said its unit
+Natural Gas Pipeline will delay until July second its
+redemption of 202 mln dlrs of debt.
+    Natural Gas previously announced a call date of June 29.
+    The unit will redeem all five of its first mortgage
+pipeline bonds including the 8-1/8s and 9-1/2s of 1989, the
+7.70s of 1991, the 8.35s of 1993 and the 9-1/4s of 1995.
+    It will also retire its 15-3/8 pct debentures due 1992, the
+9-1/2 pct debentures due 1990 as well as all outstanding 9-7/8
+pct notes due 1994 and 8-1/8 pct notes due 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5950" NEWID="17612">
+<DATE> 1-JUN-1987 11:50:23.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1500&#31;reute
+d f BC-GEODYNE-&lt;GEOD.O>-SETS   06-01 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEODYNE &lt;GEOD.O> SETS WARRANTS, ACQUISITION</TITLE>
+<DATELINE>    TULSA, June 1 - </DATELINE><BODY>Geodyne Resources Inc said iit filed a
+registration with the Securities and Exchange Commission
+covering a planned offering of 3.6 mln warrants to buy its
+common.
+    The company also said its board is evaluating a proposal to
+acquire closely-held &lt;Snyder Exploration Co> for one mln
+Geodyne shares. Members of Geodyne's senior management also
+serve as senior management at Snyder and PaineWebber Group Inc
+&lt;PWJ>, which owns 40 pct of Geodyne's 12.6 mln outstanding
+shares, has a substantial equity interest in Snyder.
+    The acquisition is being evaluated by Geodyne board members
+not employed by the company, PaineWebber or any company
+affiliated with PaineWebber. It will be subject to approval by
+the board and series C preferred shareholders.
+    Geodyne Resources said a registration related to the stock
+to be exchanged for Snyder has been filed with the SEC but has
+not yet become effective.
+    The Snyder owners other than PainWebber are Geodyne's
+president, Michael W. Tomasso, and its executive vice
+president, James D. Snyder.
+    The company said the warrants will be offered solely to
+investors in the PaineWebber/Geodyne Energy Income Program II.
+For every 100 dlrs invested in the program, an investor will be
+entitled to buy one warrant to purchase one Geodyne common
+share at a price equal to 120 pct of the average closing price
+of the stock for the 15 trading days prior to formation of the
+partnership to which the investor subscribes.
+    In adddition, Geodyne said, PaineWebber investment
+executives who market the program will be entitled to receive
+one warrant for every 500 dlrs in subcriptions generated after
+a four-year vesting period. These warrants would have an
+exercise price equal to 150 pct of the 15-day average.
+    The company said the warrants are currently priced at 25
+cts each, but this price is suject to further evaluation by an
+independent underwriter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5951" NEWID="17613">
+<DATE> 1-JUN-1987 11:50:30.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1501&#31;reute
+s f BC-CENTRAL-HOLDING-CO-&lt;C   06-01 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL HOLDING CO &lt;CHOL.O> SETS QUARTERLY</TITLE>
+<DATELINE>    MOUNT CLEMENS, Mich., June 1 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay July 15
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5952" NEWID="17614">
+<DATE> 1-JUN-1987 11:50:34.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1502&#31;reute
+s f BC-FIRST-MISSISSIPPI-COR   06-01 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST MISSISSIPPI CORP &lt;FRM> SETS QUARTERLY</TITLE>
+<DATELINE>    JACKSON, Miss., June 1 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay July 28
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5953" NEWID="17615">
+<DATE> 1-JUN-1987 11:51:05.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1504&#31;reute
+b f BC-/NO-DECISION-YET-ON-R   06-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO DECISION YET ON RENAMING VOLCKER AT FED</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>The White House said President Reagan
+had made no decision on whether to reappoint Paul Volcker as
+chairman of the Federal Reserve Board when Volcker's term
+expires in August.
+    "No decision has been made on chairman Volcker ... He has
+not discussed this with the president, and no decision has been
+made one way or another," White House spokesman Marlin Fitzwater
+said.
+    Asked if Reagan would discuss the issue with Volcker before
+leaving for the Venice summit on Wednesday, Fitzwater said, "I
+have no idea."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5954" NEWID="17616">
+<DATE> 1-JUN-1987 11:51:12.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1505&#31;reute
+d f BC-DETECTION-SYSTEMS-&lt;DE   06-01 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DETECTION SYSTEMS &lt;DETC.O> YEAR END MARCH 31</TITLE>
+<DATELINE>    FAIRPORT, N.Y., June 1 -
+    </DATELINE><BODY>Shr 36 cts vs nil
+    Net 713,000 vs 1,500
+    Revs 13 mln vs 9,328,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5955" NEWID="17617">
+<DATE> 1-JUN-1987 11:51:54.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1510&#31;reute
+d f BC-J.-BILDNER-AND-SONS-I   06-01 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J. BILDNER AND SONS INC &lt;JBIL.O> 1ST QTR</TITLE>
+<DATELINE>    BOSTON, June 1 -
+    </DATELINE><BODY>Shr one ct vs nil
+    Net 32,345 vs 3,772
+    Revs 9,946,578 vs 5,939,252
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5957" NEWID="17618">
+<DATE> 1-JUN-1987 11:59:02.47</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE><D>oeien</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1520&#31;reute
+d f BC-COMPROMISE-SEEN-LIKEL   06-01 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPROMISE SEEN LIKELY OVER CONOCO-STATOIL DISPUTE</TITLE>
+<DATELINE>    OSLO, June 1 - </DATELINE><BODY>Norway is expected to seek a compromise
+solution to defuse a row between Den Norske Stats Oljeselskap
+A/S &lt;STAT.OL> (Statoil) and Conoco Norge A/S over which firm
+will operate the Heidrun oil field, government sources said.
+    The sources, who asked not to be named, said the government
+will likely recommend that Conoco be allowed to continue as the
+field's operator through the development phase, with Statoil
+taking over only after production starts in the early 1990s.
+    Oil Minister Arne Oeien told Reuters the government had
+today discused the Heidrun matter but that no final decision
+had been taken and several questions remained unresolved.
+    It was unlikely the government would announce its decision
+on Heidrun operatorship until after Thursday's cabinet meeting
+and after discussing a proposed solution with both companies,
+the sources added.
+    This spring Norway's state-owned oil company Statoil
+exercised an option in the Heidrun field exploration license
+that, if approved by the government, would allow it to relieve
+Conoco as Heidrun operator, a move sharply criticised by
+Conoco.
+    Heidrun is often cited by the government and industry as
+the most likely candidate for the first field development
+project on the Haltenbanken exploration tract off central
+Norway.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5958" NEWID="17619">
+<DATE> 1-JUN-1987 12:00:09.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1524&#31;reute
+r f BC-FIAT-UNIT-FIDIS-REPOR   06-01 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIAT UNIT FIDIS REPORTS SHARPLY HIGHER 1986 PROFIT</TITLE>
+<DATELINE>    TURIN, June 1 - </DATELINE><BODY>Year 1986
+    Net profit 132 billion lire vs 82 billion
+    Ordinary share dividend 500 lire vs 400
+    Note - &lt;Finanziaria Di Sviluppo Spa>, a financial services
+subsidiary of Fiat Spa &lt;FIAT.MI>, said in a statement that
+shareholders approved a previously announced nominal share
+capital increase from 125 billion lire to 250 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5959" NEWID="17620">
+<DATE> 1-JUN-1987 12:01:07.70</DATE>
+<TOPICS><D>interest</D><D>money-fx</D><D>dfl</D><D>dmk</D></TOPICS>
+<PLACES><D>netherlands</D><D>west-germany</D></PLACES>
+<PEOPLE><D>duisenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1526&#31;reute
+b f BC-DUTCH-OFFICIAL-RATE-C   06-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH OFFICIAL RATE CUT SEEN STILL LIKELY</TITLE>
+<AUTHOR>    By Marcel Michelson, Reuters</AUTHOR>
+<DATELINE>    AMSTERDAM, June 1 - </DATELINE><BODY>A cut of about half a percentage point
+in Dutch official interest rates is still in prospect, although
+economists said the timing would depend on Bundesbank moves.
+    Speculation has been rife that the Dutch Central Bank,
+encouraged by a strong guilder/mark relationship and wide
+premiums for Dutch money and capital market rates over German,
+might lower rates without the Bundesbank moving first.
+    Last month, the Central Bank lowered its special advances
+rate to 5.1 pct from 5.25 pct after the Bundesbank dropped its
+repurchase tender rate to 3.55 pct from 3.8 pct.
+    That rate has remained in force, just holding above the
+five pct official secured loans rate which governs commercial
+bank borrowings.
+    Given a strong guilder, a further fall in the West German
+repo rate would trigger a lower special advances tariff,
+forcing an official Dutch rate cut, analysts said.
+    In February, when the Bundesbank cut its discount rate to
+three pct from 3.5 pct, the Central Bank only lowered money
+market rates and removed a surcharge over the secured loans
+rate on lending under its three month credit quota.
+    Since then, however, both the Central Bank and Finance
+Ministry have made it clear they favour lower official rates.
+    In April, Central Bank President Wim Duisenberg said he
+would follow any Bundesbank cut, and last week the Finance
+Ministry expressed satisfaction when it raised 2.25 billion
+guilders with a six pct coupon state loan priced at 100.10 pct
+for an effective yield of 5.98 pct, the lowest since 1965.
+    Technically, analysts said, there has to be a difference
+between the secured loans rate which applies to lending under
+the credit quota, and the tariff on special advances which add
+extra liquidity to the money market.
+    Bank economists and dealers said a West German move to
+further lower the rate on securities repurchase pacts would
+result in the Central Bank easing the special advance rate,
+provided the guilder/mark relationship permitted.
+    The Central Bank aims to keep the guilder stable around its
+parity value within the European Monetary System of 112.673
+guilders per 100 marks.
+    Today, foreign exchange buying pushed the mark up 10
+guilder cents to 112.705 guilders per 100 at the fix, a level
+that would not permit a change in the interest rate
+differential between West Germany and the Netherlands, dealers
+said.
+    An economist at ABN Bank said he expected West German and
+Dutch interest rates to ease in the short term. However, he
+said new wage agreements in West Germany had raised inflation
+expectations which would put upward pressure on interest rates
+in the longer term.
+    In the Netherlands, the inflation outlook for 1987 is nil,
+or even negative, while the latest official economic forecasts
+point to a falling rate of economic growth.
+    "It will depend on the outcome of collective wage agreement
+negotiations here whether there could be cost push inflation,"
+the ABN economist said.
+    He said Dutch money supply growth, which ran at 3.4 pct in
+January, could also contribute to some inflation.
+    At Amro Bank, a leading analyst said inflation could run to
+two pct next year. The bank expects Dutch capital market rates,
+currently averaging around 6.1 pct, to stop easing in the
+second half of this year and stabilize around 5.6 pct.
+    Analysts said an official rate cut could trigger a buying
+spree on the bond market which would bring yields down,
+probably only temporarily, while money rates could fall below
+five pct.
+    Currently, all periods are traded at 5.12 to 5.25 pct in
+the money market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5960" NEWID="17621">
+<DATE> 1-JUN-1987 12:01:25.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>france</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1527&#31;reute
+r f BC-GLOBAL-EQUITY-OFFERIN   06-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLOBAL EQUITY OFFERINGS RISING AT RECORD RATES</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>Cross border stock market investment is
+rising at unprecedented rates, seeking a high return and
+diversification, Charles Lillis, associate director of &lt;Merrill
+Lynch Europe Ltd>, a subsidiary of Merrill Lynch and Co Inc
+&lt;MER.N>, said.
+    He told an international equities seminar here that global
+equity offerings amounted to 3.7 billion dlrs in the first
+quarter, compared with 11.4 billion dlrs in all of last year
+and 4.1 billion dlrs in 1985.
+    He said most new issues would come from countries with
+underdeveloped potential, such as  France and Italy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5961" NEWID="17622">
+<DATE> 1-JUN-1987 12:05:46.19</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1554&#31;reute
+u f BC-/NORTHGATE-QUEBEC-GOL   06-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHGATE QUEBEC GOLD WORKERS END STRIKE</TITLE>
+<DATELINE>    TORONTO, June 1 - </DATELINE><BODY>Northgate Exploration Ltd said
+hourly-paid workers at its two Chibougamau, Quebec mines voted
+on the weekend to accept a new three-year contract offer and
+returned to work today after a one-month strike.
+    It said the workers, represented by United Steelworkers of
+America, would receive a 1.21 dlr an hour pay raise over the
+life of the new contract and improved benefits.
+    Northgate, which produced 23,400 ounces of gold in first
+quarter, said that while the strike slowed production, "We are
+still looking forward to a very satisfactory performance."
+    The Chibougamau mines produced 81,500 ounces of gold last
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5962" NEWID="17623">
+<DATE> 1-JUN-1987 12:08:40.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1571&#31;reute
+b f BC-NATIONAL-HOME-LOANS-L   06-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL HOME LOANS LAUNCHES 100 MLN DLR EUROBOND</TITLE>
+<DATELINE>    FRANKFURT, June 1 - </DATELINE><BODY>National Home Loans Corp Plc of London
+is raising 100 mln dlrs through a five-year bullet eurobond
+carrying an 8-3/4 pct coupon and priced at 100-5/8 pct to yield
+8.59 pct at issue, lead manager Commerzbank AG said.
+    Payment date is July 7. The bond pays interest on that date
+annually, and matures on that date in 1992. Denominations are
+1,000 and 10,000 dlrs. The bond will be listed in London.
+    Fees total 1-7/8 pct, comprising 5/8 pct for management and
+underwriting combined and 1-1/4 pct for selling.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5963" NEWID="17624">
+<DATE> 1-JUN-1987 12:11:00.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1591&#31;reute
+f f BC-******INTERNATIONAL-M   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>INT'L MINERALS/CHEMICAL GETS EPA APPROVAL FOR GENETICALLY ENGINEERED PRODUCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5964" NEWID="17625">
+<DATE> 1-JUN-1987 12:12:21.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1603&#31;reute
+r f BC-ROYAL-GOLD-&lt;RGLD.O>-A   06-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL GOLD &lt;RGLD.O> AGREES TO MAKE ACQUISITION</TITLE>
+<DATELINE>    DENVER, June 1 - </DATELINE><BODY>Royal Gold Inc said it has signed two
+agreements in principle to acquire the stock of two
+&lt;Transwestern Mining Co> units for 1.1 mln shares of Royal Gold
+common stock.
+    Royal said the assets of the units it will acquire from
+Transwestern are mostly gold properties.
+    It added it expects to close the deals on June 18 and 19,
+subject to standard closing conditions, including title and
+environmental approval and closing of a definitive agreement.
+    Royal said the shares issued in the deal will be subject to
+registration rights.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5965" NEWID="17626">
+<DATE> 1-JUN-1987 12:12:33.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1605&#31;reute
+r f BC-INTEGRATED-IN-PACT-WI   06-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED IN PACT WITH NYNEX &lt;NYN> UNIT</TITLE>
+<DATELINE>    BRIDGEWATER, N.J., June 1 - </DATELINE><BODY>&lt;Integrated Network Corp> said
+it entered into an agreement with Nynex Corp's Nynex
+Enterprises Corp which could enable New England Telephone and
+New York Telephone to offer advanced data capability.
+    Nynex Enterprises is testing Intergrated's data/voice and
+universal switched data capability system, the company said.
+    Integrated said the system is capable of enabling New
+England and New York telephone companies to provide certain
+circuit-switched data transmission and certain simultaneous
+voice and data transmissions using the existing telephone
+network, the company said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5966" NEWID="17627">
+<DATE> 1-JUN-1987 12:12:59.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1608&#31;reute
+r f BC-TELEGLOBE-HAS-CANADA/   06-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEGLOBE HAS CANADA/FRANCE SATELLITE LINK</TITLE>
+<DATELINE>    MONTREAL, June 1 - </DATELINE><BODY>Teleglobe Canada Inc, owned by Memotec
+Data Inc (MDI.M), said it received an order from Credit
+Lyonnais Canada for a direct satellite link between Canada and
+France that will be the first private satellite network between
+the two countries.
+    Value of the contract was undisclosed.
+    Teleglobe said the connection will provide the bank with a
+permanent link to the digital phone switch at its parent
+company's Paris headquarters and connect it with Credit
+Lyonnais' network in France and the rest of the world.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5956" NEWID="17628">
+<DATE> 1-JUN-1987 12:13:39.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1614&#31;reute
+r f BC-STG-COMMERCIAL-PAPER   06-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STG COMMERCIAL PAPER EXCEEDS ONE BILLION IN APRIL</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>Total sterling commercial paper
+outstanding rose 251 mln stg to 1.19 billion in April, taking
+it above one billion stg for the first time since the market
+opened in May 1986, figures released today by the Bank of
+England show.
+    Banks' holdings of commercial paper totalled 264 mln stg at
+end-April, down six mln from March.
+    Of the total, 225 mln had been issued by U.K. Companies, up
+three mln from March. Changes in these holdings are included in
+the  "bank lending in sterling to the U.K. Non-bank private
+sector" component of M3 money supply.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5967" NEWID="17629">
+<DATE> 1-JUN-1987 12:14:30.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE><D>perez-de-cuellar</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1619&#31;reute
+u f BC-NIGERIA-HOSTS-TALKS-O   06-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA HOSTS TALKS ON AFRICAN ECONOMIES</TITLE>
+<DATELINE>    LAGOS, June 1 - </DATELINE><BODY>A conference to assess the economic
+recovery of African states begins in the proposed Nigerian
+capital Abuja on June 15, Foreign Ministry officials said
+today.
+    Organised by Nigeria in collaboration with the Economic
+Commission for Africa, the June 15-19 conference would be
+attended by several African leaders as well as United Nations
+Secretary General Perez De Cuellar, they said.
+    Huge debts, falling prices of their export commodities and
+in some cases drought have imposed severe hardships on the
+economies of African states.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5968" NEWID="17630">
+<DATE> 1-JUN-1987 12:14:54.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1622&#31;reute
+d f BC-HAWKINS-CHEMICAL-INC&lt;   06-01 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAWKINS CHEMICAL INC&lt;HWKN.O> 2ND QTR MAR 31 NET</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., June 1 -
+    </DATELINE><BODY>Shr 12 cts vs six cts
+    Net 398,318 vs 211,801
+    Sales 7,385,107 vs 7,275,162
+    Six Mths
+    Shr 22 cts vs 13 cts
+    Net 736,219 vs 446,288
+    Sales 14.3 mln vs 14.2 mln
+    NOTE: Per share earnings adjusted for ten pct stock
+dividend paid February 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5969" NEWID="17631">
+<DATE> 1-JUN-1987 12:14:58.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1623&#31;reute
+s f BC-EQUITABLE-REAL-ESTATE   06-01 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITABLE REAL ESTATE SHOPPING &lt;EQM> PAYS DIVI</TITLE>
+<DATELINE>    NEW YORK, June 1 -
+    </DATELINE><BODY>Qtrly div 25 cts vs 25 cts
+    Pay Aug 15
+    Record June 30
+    NOTE: Full name of company is equitable real estate
+shopping centers l.p.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5970" NEWID="17632">
+<DATE> 1-JUN-1987 12:17:35.79</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1633&#31;reute
+r f BC-NORTHGATE-&lt;NGX>-QUEBE   06-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHGATE &lt;NGX> QUEBEC WORKERS END STRIKE</TITLE>
+<DATELINE>    TORONTO, June 1 - </DATELINE><BODY>Northgate Exploration Ltd said
+hourly-paid workers at its two Chibougamau, Quebec, mines voted
+on the weekend to accept a three-year contract offer and
+returned to work today after a one-month strike.
+    It said the workers, represented by United Steelworkers of
+America, would receive a 1.21-dlr-an-hour pay raise over the
+life of the new contract and improved benefits.
+    Northgate, which produced 23,400 ounces of gold in first
+quarter, said that while the strike slowed production, "We are
+still looking forward to a very satisfactory performance." The
+Chibougamau mines produced 81,500 ounces of gold last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5971" NEWID="17633">
+<DATE> 1-JUN-1987 12:17:51.08</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1634&#31;reute
+r f BC-PORTUGUESE-UNEMPLOYME   06-01 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGUESE UNEMPLOYMENT STEADY IN FIRST QUARTER</TITLE>
+<DATELINE>    LISBON, June 1 - </DATELINE><BODY>Unemployment in Portugal held steady at
+9.6 pct in the first quarter of 1987 after the same rate in the
+last quarter of 1986, the National Statistics Institute said.
+    This compared with 11.1 pct unemployment in the first
+quarter of 1986.
+    The total number of registered unemployed in the first
+quarter of this year was 437,500.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5972" NEWID="17634">
+<DATE> 1-JUN-1987 12:18:59.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1639&#31;reute
+u f BC-U.S.-BUDGET-ACCORD-MA   06-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUDGET ACCORD MAY BE REACHED THIS WEEK</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Congressional budget negotiators may 
+reach an agreement this week on a 1988 budget plan, House and
+Senate Budget Committee sources said.
+    They held out hope that an agreement can be hammered out,
+especially over the thorny issues of taxes and defence spending
+levels.
+    "It may come this week," a Senate source said. "They are
+making progress," a House source said about back room
+negotiations.
+    Despite these new notes of optimism, earlier hopes for
+quick agreement had been dashed when negotiators stalled.      
+
+    House and Senate negotiators, working on different budgets,
+have been stymied over proposals for new taxes and defence
+spending levels. Both measures seek 18 billion dlrs in new
+taxes in 1988, but the Senate proposes nearly 119 billion dlrs
+in taxes over a four year span, while the House calls for only
+57 billion dlrs over three years.
+    The Senate plan would allocate about seven billion dlrs a
+year for defence, a proposal not in the House plan which calls
+for 1988 defence spending levels nearly eight billion dlrs
+under the Senate plan.         
+    The two sides have not had a formal negotiating meeting
+since May 13. Both House and Senate would have to approve a
+final compromise budget, which would be the working U.S. budget
+for fiscal 1988, starting Oct. 1.
+     Although the congressional budget proposes tax levels, the
+actual approval of specific tax plans must be implemented
+through legislationd rafted by the House Ways and Means
+Committee and Senate Finance Committee which have been cool to
+the idea of higher taxes.          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5973" NEWID="17635">
+<DATE> 1-JUN-1987 12:26:10.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1662&#31;reute
+r f BC-DAYTON-HUDSON-&lt;DH>-SE   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAYTON HUDSON &lt;DH> SELLS 9-7/8 PCT DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Dayton Hudson Corp is raising 150 mln
+dlrs through an offering of sinking fund debentures due 2017
+with a 9-7/8 pct coupon and par pricing, said lead manager
+Goldman, Sachs and Co.
+    That is 129 basis points over the yield of comparable
+Treasury securities.
+    The issue is non-refundable for 10 years. A sinking fund
+starting in 1998 can be increased by 200 pct at the company's
+option, giving them an estimated minimum life of 13.85 years
+and maximum life of 20.5 years. Moody's rates the debt Aa-3 and
+Standard and Poor's rates it AA.
+                                               
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5974" NEWID="17636">
+<DATE> 1-JUN-1987 12:28:04.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1669&#31;reute
+d f BC-FLOODS-AND-HEAVY-RAIN   06-01 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLOODS AND HEAVY RAIN HIT IRAN</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>Fifty people were killed or injured in
+flooding in southeastern Iran and three died after heavy rain
+elsewhere, Tehran Radio reported today.
+    The radio, monitored by the British Broadcasting Corp, said
+flooding around Zahedan, near the Pakistan-Afghanistan border,
+caused heavy damage.
+    Rain in central Iran damaged houses, bridges, crops and
+irrigation systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5975" NEWID="17637">
+<DATE> 1-JUN-1987 12:29:47.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1674&#31;reute
+u f BC-INT'L-MINERALS-&lt;IGL>   06-01 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L MINERALS &lt;IGL> BIOTECH PRODUCT GETS NOD</TITLE>
+<DATELINE>    NORTHBROOK, ILL., June 1 - </DATELINE><BODY>International Minerals and
+Chemical Corp said the U.S. Environmental Protection Agency
+granted permission to its subsidiary, IMCERA Bioproducts Inc,
+to make a genetically engineered microorganism for use as a
+growth factor in laboratories.
+    The action marks the first time such a biotechnological
+product has undergone successful review by the EPA, it said.
+    The EPA action clears the way for IMCERA to begin
+commercial production of the microorganism, Escherichia Coli
+K-12, in the production of its IGF-I growth factor for use in
+laboratories in cultivating tissues and cells, it said.
+    Escherichia Coli K-12 is a non-pathogenic organism commonly
+used in laboratory operations for studies and commercial
+fermentations, and does not affect humans, it said.
+    International Minerals said it plans to manufacture the
+microorganism at IMCERA's plant in Terre-Haute, Indiana and
+market it to research institutions and pharmaceutical companies
+in the U.S. and other countries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5976" NEWID="17638">
+<DATE> 1-JUN-1987 12:30:21.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1678&#31;reute
+r f BC-NORTH-AMERICAN-&lt;NAHL.   06-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN &lt;NAHL.O> COMPLETES PLACEMENT</TITLE>
+<DATELINE>    EAST HARTFORD, Conn., June 1 - </DATELINE><BODY>North American Holding Corp
+said it completed a three mln dlr private placement of
+restricted Class A non-voting common stock to two private
+investors.
+    The company said the stock was sold to real estate
+developers Simon Konover of West Hartford, and Harry Gampel of
+Boca Raton, Fla.
+    The transaction is for 375,000 shares of Class A stock, or
+approximately 2.75 pct of the total North American Holding
+voting and non-voting common shares outstanding, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5977" NEWID="17639">
+<DATE> 1-JUN-1987 12:39:52.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1717&#31;reute
+b f BC-******LITTON-INDUSTRI   06-01 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LITTON INDUSTRIES UNIT GETS 223.2 MLN DLR NAVY CONTRACT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5978" NEWID="17640">
+<DATE> 1-JUN-1987 12:51:27.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1748&#31;reute
+u f BC-HBO   06-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARTNERSHIP UPS HBO &lt;HBOC.O> STAKE TO 8.7 PCT</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Andover Group, a Great Falls, Va.,
+investment partnership that is seeking control of HBO and Co,
+said it raised its stake in the company to 2,026,000 shares, or
+8.7 pct of the total, from 1,626,000 shares, or 7.0 pct.
+    In a filing with the Securities and Exchange Commission,
+the partnership said it bought 400,000 HBO common shares for
+5.4 mln dlrs on May 28.
+    The group, which has a slate of candidates seeking board
+seats, said it would decide whether to submit an offer to
+acquire the company after the HBO annual shareholders meeting,
+which was to have been April 30, but was postponed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5979" NEWID="17641">
+<DATE> 1-JUN-1987 12:54:00.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1753&#31;reute
+d f BC-INFINITE-GRAPHICS-&lt;IN   06-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INFINITE GRAPHICS &lt;INFG.O> TO POST PROFIT</TITLE>
+<DATELINE>    CHICAGO, June 1 - </DATELINE><BODY>Infinite Graphics Inc expects to report
+earnings for the fiscal year ended April 30 of about 360,000
+dlrs, or 20 cts a share, Chairman Cliff Stritch Jr told Reuters
+in an interview.
+    In the prior fiscal year, the Minneapolis-based company
+reported a loss of 812,000 dlrs or 46 cts a share.
+    Stritch cited strength in the company's electrical printed
+circuit board software and CAD/CAM (computer aided
+design/computer aided manufacturing) business. He also said two
+new products, using scanning and vectorization, are under
+development.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5980" NEWID="17642">
+<DATE> 1-JUN-1987 12:54:09.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1754&#31;reute
+h f BC-N.A.-COMMUNICATIONS-&lt;   06-01 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.A. COMMUNICATIONS &lt;NACS.O> LIMITS LIABILITY</TITLE>
+<DATELINE>    HECTOR, Minn., June 1 - </DATELINE><BODY>North American Communications Inc
+said its shareholders approved at the annual meeting an
+amendment to limit the liability of its directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5981" NEWID="17643">
+<DATE> 1-JUN-1987 12:55:20.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1756&#31;reute
+u f BC-HUMANA-&lt;HUM>-TO-BUY-I   06-01 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUMANA &lt;HUM> TO BUY INT'L MEDICAL ASSETS</TITLE>
+<DATELINE>    TALLAHASSEE, Fla., June 1 - </DATELINE><BODY>Humana Inc said a Florida Judge
+approved a previously announced proposal for the company to buy
+certain assets of International Medical Centers, which had been
+declared insolvent and put into receivership in early May.
+    Humana said it will pay 40 mln dlrs to the state's
+Department of Insurance to pay prior claims and 20 mln dlrs in
+working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5982" NEWID="17644">
+<DATE> 1-JUN-1987 12:56:10.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1758&#31;reute
+r f BC-DIVERSIFIED-INDUSTRIE   06-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIVERSIFIED INDUSTRIES (DMC) TO SELL UNITS</TITLE>
+<DATELINE>    ST. LOUIS, June 1 - </DATELINE><BODY>Diversified Industries Inc plans to
+recover more than four mln dlrs from the sale of two marginal
+subsidiaries, chairman Ben Fixman told the annual meeting.
+    Fixman said Diversified Industries, as part of its effort
+to redeploy assets, wants to sell its Theodore Sall Inc and
+Liberty Smelting Works (1962) Ltd units. The two either lost
+money or had marginal profitability in recent years, he said.
+    Diversified also said it is in the process of obtaining six
+mln dlrs in an industrial revenue bond financing from the State
+of Connecticut to modernize the company's Plume and Atwood
+Brass Mill plant in Thomaston, Conn.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5983" NEWID="17645">
+<DATE> 1-JUN-1987 12:58:20.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1761&#31;reute
+u f BC-LITTON-&lt;LIT>-GETS-223   06-01 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTON &lt;LIT> GETS 223.2 MLN DLR NAVY CONTRACT</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., June 1 - </DATELINE><BODY>Litton Industries Inc said
+the Navy awarded a 223.2 mln dlr contract to its Data Systems
+division to produce a certain comman and contraol systems for
+the U.S. Marine Corps and the U.S. Air Force.
+    Litton said the contract includes options for government's
+1988 and 1989 fiscal years and for additional systems which
+could bring the total contract through fiscal 1989 to 750 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5984" NEWID="17646">
+<DATE> 1-JUN-1987 13:04:05.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1780&#31;reute
+r f BC-WHITTAKER-&lt;WKR>-SEES   06-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITTAKER &lt;WKR> SEES HIGHER 1987 PROFITS</TITLE>
+<DATELINE>    LOS ANGELES, June 1 - </DATELINE><BODY>Whittaker Corp chairman and chief
+executive officer Joseph Alibrandi said the company expects to
+report operating profits in fiscal 1987 that exceed 1986
+results of 41.5 mln dlrs.
+    "We continue to expect fiscal 1987 operating profits for
+the chemicals and technology segments to exceed the results
+reported for 1986," Alibrandi said. Whittaker reported fiscal
+1986 operating earnings for its chemical segment of 18.0 mln
+dlrs, and for its technology segment of 23.4 mln dlrs.
+    The company's fiscal year ends October 31.
+    Earlier, Whittaker reported profits of 3.1 mln dlrs, or 37
+cts a share, for the second quarter ended April 30, versus a
+loss of 4.5 mln dlrs, or 35 cts a share in the same period last
+year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5985" NEWID="17647">
+<DATE> 1-JUN-1987 13:07:34.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T M
+&#22;&#22;&#1;f1795&#31;reute
+r f BC-KENYAN-PRESIDENT-RESH   06-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENYAN PRESIDENT RESHUFFLES CABINET</TITLE>
+<DATELINE>    NAIROBI, June 1 - </DATELINE><BODY>President Daniel arap Moi replaced his
+ministers of foreign affairs and economic planning in a far
+reaching cabinet reshuffle, the official Kenya News Agency
+(KNA) said.
+    Zachary Onyonka, former economic planning minister,
+replaces as foreign minister Elijah Mwangale, who moves to
+agriculture. Anrew Omanga, former minister of tourism and
+wildlife, becomes minister of planning and national development
+after Robert Ouko, who moves to the newly created ministry of
+industry.
+    Fourteen ministers retain their old jobs, including Finance
+Minister George Saitoti and Energy Minister Nicolas Biwott.
+ Reuter4
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5986" NEWID="17648">
+<DATE> 1-JUN-1987 13:07:48.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1796&#31;reute
+b f BC-HARCOURT-&lt;HBJ>-HAS-NO   06-01 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARCOURT &lt;HBJ> HAS NO COMMENT ON SUIT</TITLE>
+<DATELINE>    New York, June 1 - </DATELINE><BODY>Harcourt Brace Jovanovich Inc said it
+has no comment at this time on the lawsuit filed against it by
+British publisher Robert Maxwell.
+    In the suit, Maxwell's British Printing and Communication
+Corp is attempting to stop Harcourt's payment of a 40 dlr per
+share special dividend and other actions.
+    Harcourt announced its recapitalization plan to escape a
+hostile bid by Maxwell. Maxwell last week withdrew his 44 dlr
+per share or two billion dlr bid because of the plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5987" NEWID="17649">
+<DATE> 1-JUN-1987 13:08:15.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1798&#31;reute
+r f BC-AMERICAN-EXPRESS-&lt;AXP   06-01 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS &lt;AXP> UNIT IN FUNDING PROGRAM</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>American Express Co's Shearson Lehman
+Brothers said it helped establish a national pooled capital
+program offering low-cost financing to small and medium-sized
+businesses.
+    Shearson said that it and non-profit &lt;American Development
+Finance Corp> will help organize the Enterprise Capital Fund,
+which will initially have a 100 mln dlr pool.
+    The capital will be used primarily to make loans that
+finance small business growth and other projects that
+contribute to job creation and economic develpment, Shearson
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5988" NEWID="17650">
+<DATE> 1-JUN-1987 13:08:27.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1799&#31;reute
+u f BC-GM-&lt;GM>-UAW-COUNCIL-O   06-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> UAW COUNCIL OPENS SESSION</TITLE>
+<DATELINE>    DETROIT, June 1 - </DATELINE><BODY>About 300 local representatives on the
+United Automobile Workers union's General Motors Corp
+bargaining council convened at a Detroit hotel this morning for
+private strategy sessions in the run-up to this summer's
+national contract bargaining covering 380,000 UAW members at
+GM.
+    AlThough the sessions were closed to the press, UAW
+vice-president Donald Ephlin urged delegates in a bargaining
+document obtained by Reuters to be "willing to use creative and
+non-traditional means in achieving our bargaining goals."
+    The document calls outsourcing of GM's production work to
+foreign or non-GM operations "perhaps the greatest single
+threat to the job security of our members" and urges bargainers
+to seek an expansion of limits on the giant automaker's ability
+to outsource.
+    While saying that outsourcing pits "worker against worker"
+and the UAW "will not tolerate this practice," the document
+falls short of demanding an outright ban on the practice and
+instead calls for improvements in "current provisions and
+restrictions on outsourcing."
+    The union said its barginers must seek bans against plant
+and work place closings "similar to those included in our 1982
+and 1984 contracts."
+    In addition, the UAW said, "full resumption of our
+traditional wage formula is a top priority in this set of
+negotiations."
+    While the document does not specify a percentage wage
+increase, the UAW's traditional standard before making
+concessions in 1982 was a three pct annual wage increase with
+benefits calculated from the base wage rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5989" NEWID="17651">
+<DATE> 1-JUN-1987 13:09:31.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1803&#31;reute
+u f BC-PIEZO   06-01 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSURANCE FIRM AS PIEZO &lt;PEPI.O> PREFERRED STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Corporate Life Insurance Co, a West
+Chester, Pa., insurance firm, told the Securities and Exchange
+Commission it has acquired 44,600 shares of preferred stock in
+Piezo Electric Products Inc, or 10.8 pct of the total.
+    Corporate insurance said it bought the cumulative
+convertible preferred stock stake for 199,690 dlrs for
+investment purposes.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5990" NEWID="17652">
+<DATE> 1-JUN-1987 13:10:14.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1805&#31;reute
+d f BC-CELLULAR-INC-&lt;CELS.O>   06-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CELLULAR INC &lt;CELS.O> TO SELL UNIT, TAKE GAIN</TITLE>
+<DATELINE>    DENVER, June 1 - </DATELINE><BODY>Cellular Inc said it reached a definitive
+agreement to sell assets of its wholly owned Michigan Cellular
+Inc to Century Telephone Enterprises Inc &lt;CTL> and add 28 cts a
+share to the year's earnings as a result.
+    It said the sale, subject to regulatory approval,
+represents a capital gain in excess of 800,000 dlrs over the
+original price paid by Cellular for its cellular interests in
+Michigan, acquired in December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5991" NEWID="17653">
+<DATE> 1-JUN-1987 13:12:30.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1814&#31;reute
+b f BC-JUDGE-REDUCES-JURY-AW   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUDGE REDUCES JURY AWARD TO COASTAL &lt;CGP></TITLE>
+<DATELINE>    CHEYENNE, Wyo., June 1 - </DATELINE><BODY>Coastal Corp said a federal
+district court judge has upheld a trial jury's judgment against
+a Occidental Petroleum Corp &lt;OXY> subsidiary but reduced the
+amount awarded a Coastal subsidiary to 412 mln dlrs from 549
+mln dlrs.
+    The company said Judge Clarence A. Brimmer denied all
+post-trial motions by Occidental's Natural Gas Pipeline Co of
+America but did eliminate the trebling of a portion of the
+damages for future lost profits and part of the damages for
+interference with a contract awarded by the jury in the
+antitrust case last October.
+   
+    An Occidental spokesman said the company has previously
+said it will take the case to the federal appeals court which
+has previously upheld the Federal Energy Regulatory Commission
+regulations Natural Gas Pipeline was following in its dealings
+with Coastal's Colorado Interstate pipeline subsidiary and
+Union Pacific Corp &lt;UNP> Champlin Petroleum Co subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5992" NEWID="17654">
+<DATE> 1-JUN-1987 13:12:38.76</DATE>
+<TOPICS><D>gold</D><D>silver</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>comex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f1815&#31;reute
+u f BC-LITTLE-REACTION-TO-CO   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLE REACTION TO COMEX PRICE LIMIT REMOVAL</TITLE>
+<DATELINE>    New York, June 1 - </DATELINE><BODY>The elimination of price limits on
+precious metals contracts trading at the Commodity Exchange in
+New York appears to be having little effect on the market,
+analysts said.
+    "There is nothing apparent from the change," said William
+O'Neill, director of futures research at Elders Futures Inc.
+"The market has not approached the old price limits and trading
+is relative quiet, in narrow ranges," he added.
+    Gold futures, which previously had a limit of 25 dlrs on
+market moves in most back months, were about 7.00 dlrs weaker
+in the nearby contracts amid thin conditions, traders said.
+    On May 5, COMEX did away with price limits on the two
+contracts following spot after a volatile market in silver
+futures at the end of April caused severe disruptions.
+    During the last week of April, silver futures traded up and
+down the price limit in the back months, causing traders to
+rush into the spot contract to offset those moves, analysts
+said.  As a result, Elders' O'Neill said, there was much
+confusion, many unmatched trades, and large losses.
+    The COMEX fined Elders Futures and three other large firms
+a total of 100,000 dlrs for failure to resolve unmatched trades
+in a timely manner.
+    Silver futures were trading about 30-40 cts weaker in the
+nearby contracts amid quiet trading today.
+    O'Neill said the elimination of price limits on all COMEX
+metals futures would add caution to trading since all contracts
+could move any distance.
+    "This is amore realistic approach because the metals market
+is a 24 hours market and prices can move without limit,"
+O'Neill said.
+    Paul Cain, a vice president at Shearson Lehman Brothers,
+said the elimination of price limits will cut back on panic
+buying or selling  and contribute to more orderly markets.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5993" NEWID="17655">
+<DATE> 1-JUN-1987 13:16:36.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1821&#31;reute
+d f BC-COMPTEK-RESEARCH-INC   06-01 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPTEK RESEARCH INC &lt;CMTK.O> 4TH QTR MARCH 31</TITLE>
+<DATELINE>    BUFFALO, N.Y., June 1 -
+    </DATELINE><BODY>Shr 17 cts vs four cts
+    Net 373,000 vs 82,000
+    Sales 10.1 mln vs 7,825,000
+    Year
+    Shr 45 cts vs 27 cts
+    Net 981,000 vs 595,000
+    Sales 34.5 mln vs 28.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5994" NEWID="17656">
+<DATE> 1-JUN-1987 13:17:29.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1824&#31;reute
+r f BC-CINCINNATI-BELL-&lt;CSN>   06-01 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CINCINNATI BELL &lt;CSN> TO SELL 10-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Cincinnati Bell Inc said it will sell up
+to 90 mln dlrs of 10-year notes to complete the financing of
+its acquisition of Auxton Computer Enterprises Inc.
+    It said it plans to issue the notes within the next few
+months. Cincinnati Bell acquired Auxton on May six.
+    Shearson Lehman Brothers Inc will lead the underwriting
+group, the company said.
+      
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5995" NEWID="17657">
+<DATE> 1-JUN-1987 13:19:46.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1828&#31;reute
+u f AM-U.S.-PROBES-RJR-&lt;RJR>   06-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PROBES RJR &lt;RJR> TAINTED TOBACCO SHIPMENTS</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Federal law enforcement authorities
+said they began a criminal investigation of R.J. Reynolds
+Tobacco Co after the company imported herbicide-tainted tobacco
+and then exported tainted cigarettes to Japan.
+    "We can confirm that the U.S. Customs Service has launched a
+criminal investigation of Reynolds," a Customs spokesman told
+Reuters.
+    "There is an investigation under way," said Bob Edmunds, the
+U.S. attorney in Greensboro, N.C.
+    Reynolds is a subsidiary of RJR Nabisco Inc. of
+Winston-Salem, N.C.
+    The investigation is particularly embarrassing--for Tokyo
+and Washington, as well as the company--because the Japanese
+government, under pressure from the United States, agreed only
+last year to open its markets to U.S.-made tobacco products.
+    R.J. Reynolds spokesman David Fishel said in a telephone
+interview that his company acknowledged importing into the
+United States large amounts of tobacco treated with a
+weedkiller called Dicamba, and then exporting cigarettes made
+with the tobacco to Japan. He acknowledged the weed killer was
+present in the tobacco at levels exceeding U.S. standards but
+said use of the tobacco did not pose a threat to human health.
+    "Dicamba is approved by the government for use on a variety
+of crops including food crops, and is widely used as a ripening
+agent on tobacco," Fishel said.
+    Earlier today, Japanese Finance Ministry official Etsuzo
+Kawade said in Tokyo that government authorities were holding a
+large shipment of Winston Lights manufactured by R.J. Reynolds
+after tests showed some of them contained unacceptable amounts
+of the weedkiller.
+    "We do not believe the herbicide posed a serious threat to
+people's health but the levels were unacceptable by law," Kawade
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5996" NEWID="17658">
+<DATE> 1-JUN-1987 13:20:47.21</DATE>
+<TOPICS><D>nat-gas</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1830&#31;reute
+r f BC-GULF-OF-MEXICO-RIG-CO   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. GULF OF MEXICO RIG COUNT CLIMBS TO 38.9 PCT</TITLE>
+<DATELINE>    HOUSTON, June 1 - </DATELINE><BODY>Utilization of offshore mobile rigs in
+the Gulf of Mexico climbed by 2.1 pct last week to 38.9 pct,
+reflecting a total of 91 working rigs, Offshore Data Services
+said.
+    One year ago, the Gulf of Mexico utilization rate was 32.5
+pct. Offshore Data Services said some drilling contractors had
+reported recent increases of about 1,000 dlrs a day on large
+jackup rigs, which now command rates of 11,000 to 12,000 dlrs a
+day.
+    In the European/Mediterranean area the rig utilization rate
+rose 0.6 pct to 53.6 pct, against 67.3 pct one year ago.
+    Worldwide rig utilization rose by 1.2 pct to 57.7 pct,
+reflecting a net increase of eight working rigs. Offshore Data
+Services said a total of 419 rigs were in use worldwide and 307
+were idled last week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5997" NEWID="17659">
+<DATE> 1-JUN-1987 13:24:07.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1845&#31;reute
+h f BC-DOTRONIX-&lt;DOTX.O>-COM   06-01 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOTRONIX &lt;DOTX.O> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    NEW BRIGHTON, MINN, June 1 - </DATELINE><BODY>Dotronix Inc said it completed
+the acquisition of Video Monitors Inc for 3.92 mln dlrs.
+    Video Monitors is a privately-owned Wisconsin-based
+manufacturer of video display and and video monitor devices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5998" NEWID="17660">
+<DATE> 1-JUN-1987 13:25:07.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1848&#31;reute
+d f BC-DATAFLEX-CORP-&lt;DFLX.O   06-01 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATAFLEX CORP &lt;DFLX.O> 4TH QTR MARCH 31 NET</TITLE>
+<DATELINE>    EDISON, N.J., June 1 -
+    </DATELINE><BODY>Shr 11 cts vs eight cts
+    Net 248,000 vs 155,000
+    Revs 4,385,000 vs 2,487,000
+    Year
+    Shr 36 cts vs 12 cts
+    Net 720,000 vs 220,000
+    Revs 15.2 mln vs 9,253,000
+    NOTE: Share adjusted for 10 pct stock dividend in April
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5999" NEWID="17661">
+<DATE> 1-JUN-1987 13:25:38.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1850&#31;reute
+d f BC-POLYDEX-PHARMACEUTICA   06-01 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLYDEX PHARMACEUTICALS LTD &lt;POLXF.O> 1ST QTR</TITLE>
+<DATELINE>    TORONTO, June 1 - </DATELINE><BODY>April 30 end
+    Shr loss one ct vs loss two cts
+    Net loss 83,116 vs loss 266,037
+    Sales 1,393,455 vs 1,035,500
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6000" NEWID="17662">
+<DATE> 1-JUN-1987 13:25:49.21</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1851&#31;reute
+u f BC-ONIC-TENDERS-WEDNESDA   06-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONIC TENDERS WEDNESDAY FOR WHEAT FOR PAKISTAN</TITLE>
+<DATELINE>    PARIS, June 1 - </DATELINE><BODY>The French Cereals Intervention Board
+(ONIC) will tender Wednesday for 20,000 tonnes soft wheat for
+Pakistan under the French food aid programme, an ONIC official
+said.
+    The grain will be shipped between June 15 and July 15.
+    ONIC also will hold a tender June 9 for 65,000 tonnes soft
+wheat under the European Community food aid programme, for
+shipment in bulk during August, the official said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6001" NEWID="17663">
+<DATE> 1-JUN-1987 13:26:11.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1853&#31;reute
+r f BC-MAY-&lt;MA>-SELLS-9-7/8   06-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAY &lt;MA> SELLS 9-7/8 PCT 30-YEAR DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>May Department Stores Co is raising 100
+mln dlrs through an offering of debentures due 2017 with a
+9-7/8 pct coupon and par pricing, said lead manager Morgan
+Stanley and Co Inc.
+    That is 129 basis points more than the yield of comparable
+Treasury securities.
+    Non-refundable for 10 years, the issue is rated Aa-3 by
+Moody's and Aa-minus by Standard and Poor's. The gross spread
+is 8.75 dlrs, the selling concession is 5.50 dlrs and the
+reallowance is 2.50 dlrs. E.F. Hutton co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6002" NEWID="17664">
+<DATE> 1-JUN-1987 13:27:15.85</DATE>
+<TOPICS><D>coffee</D><D>cocoa</D></TOPICS>
+<PLACES><D>togo</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1858&#31;reute
+r f BC-FRENCH-AID-TO-TOGO-TO   06-01 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH AID TO TOGO TO HELP COFFEE, COCOA TREES</TITLE>
+<DATELINE>    LOME, June 1 - </DATELINE><BODY>France is to provide Togo with 475 mln cfa
+francs of aid for a range of projects that include development
+of the coffee and cocoa industries and reafforestation in the
+south of the country, official sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6003" NEWID="17665">
+<DATE> 1-JUN-1987 13:28:33.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1864&#31;reute
+f f BC-******middle-south-sa   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MIDDLE SOUTH SAYS U.S. SUPREME COURT STAYS RULING DENYING MISSISSIPPI RATES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6004" NEWID="17666">
+<DATE> 1-JUN-1987 13:29:21.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1868&#31;reute
+d f BC-(CLARK-COPY)-BUYS-NOR   06-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(CLARK COPY) BUYS NORWEGIAN FIRM</TITLE>
+<DATELINE>    ELK GROVE VILLAGE, Ill., June 1 - </DATELINE><BODY>Clark Copy International
+Corp said it bought a Norwegian drafting machines company for
+three mln U.S. dlrs.
+    Clark Copy said its majority-owned Norwegian subsidiary,
+Interactive Computer Aids Co of Norway, purchased Kongsberg
+Drafting Systems, a division of Norwegian state-owned Kongsberg
+Vappenfabrikk.
+    Kongsberg Drafting's annual worldwide sales are about 15
+mln dlrs, Clark Copy said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6005" NEWID="17667">
+<DATE> 1-JUN-1987 13:31:13.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1871&#31;reute
+r f BC-CHI-CHI'S-&lt;CHIC>-DEBT   06-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHI-CHI'S &lt;CHIC> DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Standard and Poor's Corp said it cut to
+B from B-plus 50 mln dlrs of convertible subordinated
+debentures of Chi-Chi's Inc.
+    The company's senior debt rating is BB-minus.
+    S and P said the action reflected poor performance from
+Chi-Chi's chain of 200 Mexican food restaurants. The agency
+also said that a planned repurchase of three mln common shares
+will result in reduced equity of 23 mln dlrs and a rise in debt
+leverage to 67 pct from about 60 pct in fiscal 1987.
+    Chi-Chi's posted a 5.7 mln dlr loss for the nine months
+ended January 31, S and P noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6006" NEWID="17668">
+<DATE> 1-JUN-1987 13:33:48.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>kohl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1888&#31;reute
+u f AM-ARMS-KOHL 1STLD  06-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOHL COALITION ACCEPTS DOUBLE-ZERO</TITLE>
+<DATELINE>    BONN, June 1 - </DATELINE><BODY>West Germany said it would accept a
+superpower plan to ban medium and shorter-range nuclear
+missiles in Europe provided Bonn was allowed to retain its own
+shorter-range missiles.
+    After six weeks of public wrangling over the so-called
+"double-zero" offer, Chancellor Helmut Kohl's coalition finally
+said it would agree to an East-West ban on shorter-range
+nuclear missiles.
+    But in a statement issued after top-level talks, the
+government said Bonn wanted the 72 West German Pershing-1a
+missiles excluded from an East-West accord -- a demand
+diplomats said could produce a snag in the Geneva arms talks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6007" NEWID="17669">
+<DATE> 1-JUN-1987 13:34:02.62</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1889&#31;reute
+r f BC-HUGHES'-U.S.-RIG-COUN   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER HUGHES' &lt;BHI> U.S. RIG COUNT FALLS TO 758</TITLE>
+<DATELINE>    HOUSTON, June 1 - </DATELINE><BODY>The U.S. drilling rig count fell by four
+last week to a total of 758, against 723 working rigs at this
+time last year, Baker Hughes Inc said.
+    In Canada, the weekly rig count rose 19 to 100, compared to
+46 working rigs last year.
+    Among individual states, the steepest declines were in
+Oklahoma and Louisiana which lost eight and seven,
+respectively. Drilling increases were reported by Michigan, up
+by five rigs, and Ohio and Pennsylvania which each rose by
+three. Baker Hughes said the total of 758 working rigs in the
+United States included 84 rigs working in offshore waters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6008" NEWID="17670">
+<DATE> 1-JUN-1987 13:37:47.16</DATE>
+<TOPICS><D>trade</D><D>lumber</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1897&#31;reute
+d f BC-u.s.-trade-bill-very   06-01 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TRADE BILL VERY DANGEROUS FOR CANADA, LOBBY</TITLE>
+<DATELINE>    TORONTO, June 1 -  </DATELINE><BODY>A trade bill before the United States
+House of Representatives "is a very dangerous bill for Canadian
+industry," Canadian Forest Industry Council chairman Adam
+Zimmerman told reporters.
+    By changing the definition of subsidy under U.S.
+countervailing duty law, House of Representatives Bill 3
+removes protection for companies that take advantage of widely
+used government programs, Zimmerman told a media briefing.
+    "Clearly, any industry to which Canadian governments grant
+rights to fish, mine, cut timber, or produce power could be
+vulnerable to a finding of a subsidy under this language," he
+said.
+    The Canadian forest lobby's Zimmerman also said the House
+of Representative Bill would adopt a new way of measuring
+subsidies that would greatly increase the size of any
+countervailing duties that might be imposed on Canadian
+resource exports to the U.S.
+    Under the bill, any difference between Canadian prices and
+U.S. or world market prices would constitute a subsidy, he
+said. Such a method would make Canadian resource industries
+vulnerable to similar penalties like a 15 pct export tax
+imposed last January on shipments of Canadian softwood lumber
+to the U.S., Zimmerman added.
+    Canadian negotiators agreed to levy the new tax if a U.S.
+forest industry lobby would drop its request for a countervail
+duty on imports of Canadian softwood lumber.
+    "We represent the first victim of the move to price other
+countries' natural resources according to the U.S. system,"
+Zimmerman said.
+    "If we're an example, than other resource industries had
+better watch out," he added.
+    Zimmerman said the Canadian Forest Industry Council plans
+to discuss concerns about the U.S. trade bill with lobby groups
+from other Canadian resource industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6009" NEWID="17671">
+<DATE> 1-JUN-1987 13:37:51.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1898&#31;reute
+d f BC-SOCIETY/SAVINGS-&lt;SOCS   06-01 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCIETY/SAVINGS &lt;SOCS.O> FORMS HOLDING COMPANY</TITLE>
+<DATELINE>    HARTFORD, Conn., June 1 - </DATELINE><BODY>Society for Savings said it has
+completed a merger into newly formed holding company Society
+for Savings Bancorp Inc on a share-for-share basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6010" NEWID="17672">
+<DATE> 1-JUN-1987 13:38:00.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1899&#31;reute
+d f BC-GEODYNE-RESOURCES-INC   06-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEODYNE RESOURCES INC &lt;GEOD.O> 4TH QTR FEB 28</TITLE>
+<DATELINE>    TULSA, Okla., June 1 -
+    </DATELINE><BODY>Shr profit three cts vs profit 31 cts
+    Net profit 330,;575 vs profit 1,4;73,100
+    Revs 1,501,996 vs 2,602,568
+    Avg shrs 10,964,786 vs 4,446,958
+    Year
+    Shr loss eight cts vs profit six cts
+    Net loss 91,523 vs profit 746,289
+    Revs 3,854,821 vs 5,231,598
+    Avg shrs 6,091,334 vs 4,446,958
+    NOTE: Share results after preferred dividend requirements
+of 44,174 dlrs vs 99,901 dlrs in quarter and 377,111 dlrs vs
+480,851 dlrs in year
+    Company 40 pct owned by PainWebber Group Inc &lt;PWJ>
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6011" NEWID="17673">
+<DATE> 1-JUN-1987 13:38:05.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1900&#31;reute
+d f BC-LADD-FURNITURE-&lt;LADF.   06-01 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LADD FURNITURE &lt;LADF.O> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    HICKORY, N.C., June 1 - </DATELINE><BODY>LADD Furniture Inc said it has
+completed the previously-announced acquisition of
+privately-held Colony House Furniture Inc for an undisclosed
+amount of cash and notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6012" NEWID="17674">
+<DATE> 1-JUN-1987 13:38:53.68</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1903&#31;reute
+r f BC-EC-MINISTERS-CONSIDER   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC MINISTERS CONSIDER CUTBACKS IN STEEL SUPPORT</TITLE>
+<DATELINE>    LUXEMBOURG, June 1 - </DATELINE><BODY>A new steel quota system that would
+strictly limit European Community (EC) support to the industry
+could be forced on producers if they fail to find their own
+solution quickly, officials said.
+    EC industry ministers meeting here considered two key
+proposals aimed at cutting back surplus capacity by 30 mln
+tonnes by 1990.
+    The first would limit the current quota system, which has
+protected EC output for seven years, only to flat products and
+heavy sections, thereby forcing other types of steel products
+into free market competition.
+    The second proposal would link continuation of a quota
+system with progress toward plant closures, although less than
+a month ago the EC steelmakers' lobby group Eurofer said they
+had abandoned efforts to close plants voluntarily.
+    The ministers stopped short of imposing their own solution
+immediately, instead urging steel producers to try again to
+reach agreement on voluntary cutbacks.
+    The EC Commission has said it will come up with detailed
+proposals in July on the future of the EC steel industry and EC
+industry ministers meet again in September to reach a final
+decision.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6013" NEWID="17675">
+<DATE> 1-JUN-1987 13:39:18.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1906&#31;reute
+r f BC-PACIFIC-GAS-&lt;PCG>-TO   06-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC GAS &lt;PCG> TO BUY BACK BONDS</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Pacific Gas and Electric Co said it will
+buy back on July one 93.9 mln dlrs of two mortgage bond issues,
+Series 82A and 82B.
+    The redemption will save the company about 2.8 mln dlrs in
+annual financing costs for the remaining lives of the two
+mortgage bond issues, Pacific Gas said.
+    It will buy back the Series 82A bonds at 1,066.60 dlrs per
+1,000 dlr principal amount, plus one month's accrued interest
+of 12.81 dlrs. It will redeem the Series 82B at 1,105.20 dlrs
+per 1,000 dlr face amount, plus one month's accrued interest of
+11.14 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6014" NEWID="17676">
+<DATE> 1-JUN-1987 13:39:27.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1907&#31;reute
+d f BC-TEXAS-AIR'S-&lt;TEX>-CON   06-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AIR'S &lt;TEX> CONTINENTAL IN EXPANSION</TITLE>
+<DATELINE>    CLEVELAND, June 1 - </DATELINE><BODY>Texas Air Corp's Continental Airlines
+said it will begin creation of a Cleveland Hub July one,
+doubling the number of cities it serves nonstop from Cleveland
+and increasing daily flights by 50 pct.
+    Continental said it will spend about 14 mln dlrs for
+facilities expansion in Cleveland and will increase its local
+employment from 48 to 100 people by July one.
+    Continental will begin four daily nonstop flights to
+Washington-National, two daily nonstops to Los Angeles, and one
+daily nonstop each to San Francisco, Orlando and Tampa.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6015" NEWID="17677">
+<DATE> 1-JUN-1987 13:39:38.05</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1908&#31;reute
+d f BC-PHILIP-CROSBY-&lt;PCRO.O   06-01 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIP CROSBY &lt;PCRO.O> MAKES ACQUISITION</TITLE>
+<DATELINE>    WINTER HAVEN, Fla., June 1 - </DATELINE><BODY>Philip Crosby Associates Inc
+said it has agreed to acquire Process Integrity Inc of Dallas,
+a computer software designer, for undisclosed terms.
+    It said Process' software helps companies monitor
+industrial processes, identifies problems and recommends
+solutions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6016" NEWID="17678">
+<DATE> 1-JUN-1987 13:39:53.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1909&#31;reute
+r f BC-INTl-AMERICAN-HOMES-&lt;   06-01 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTl AMERICAN HOMES &lt;HOME> TO SELL CONVERTIBLES</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>International American Homes Inc said it
+filed on May 29 with the Securities and Exchange Commission a
+registration statement covering a 25 mln dlr issue of
+convertible subordinated debentures due 2007.
+    Proceeds will be used to finance the proposed acquisition
+of Diversified Shelter Group Ltd and affiliated entities and to
+retire acquisition indebtedness, International American said.
+    The company said Moseley Securities Corp would underwrite
+the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6017" NEWID="17679">
+<DATE> 1-JUN-1987 13:39:59.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1910&#31;reute
+d f BC-QMS-&lt;AQM>-GETS-ZIYAD   06-01 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QMS &lt;AQM> GETS ZIYAD &lt;ZIAD> PRODUCT RIGHTS</TITLE>
+<DATELINE>    MOBILE, Ala., June 1 - </DATELINE><BODY>QMS Inc said its Laser Connection
+subsidiary has been awarded exclusive rights to distribute the
+entire line of Ziyad laser printer sheet feeders in the U.S.
+and Canada.
+    The company said it expects the arrangement to add 15 to 20
+mln dlrs to its annual sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6018" NEWID="17680">
+<DATE> 1-JUN-1987 13:44:01.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1921&#31;reute
+u f BC-GENENTECH-&lt;GENE>-SETB   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENENTECH &lt;GENE> SETBACK VIEWED AS TEMPORARY</TITLE>
+<AUTHOR>    By Samuel Fromartz, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Genentech Inc is suffering only a
+temporary setback following a U.S. agency decision to withhold
+a recommendation on its genetically-produced drug which is used
+to treat heart attacks in progress, industry sources and
+analysts said.
+    "When TPA (the drug) first came on the scene, the projected
+time scale for approval was 1990," said Sam Milstein, a
+scientist and industry consultant.
+    "So even with the new delay that has arisen, in all
+likelihood the drug will be approved prior to initial
+projections," he added.
+    Last Friday, an advisory committee at the Food and Drug
+Administration, FDA, withheld a recommendation on Genentech's
+tissue plasminogen activator, a drug called Activase.
+    Athough it supported Genentech's claim that the drug
+dissolves blood clots, the FDA said it wanted data that showed
+the treatment benefits heart-attack victims.
+    "We will be talking to the FDA as soon as possible to ask
+specifically what they are looking for," a Genentech
+spokeswoman said. She said the company had data that showed
+improvement in the heart muscle after the drug was administered
+but had not included it in the FDA filing.
+ 
+    Industry analysts also said the 12 point drop in the
+company's stock to 37-1/4 was largely expected in light of the
+speculative nature of the biotechnology companies whose
+fortunes often depend on the success of an important drug.
+    "In larger pharmaceutical companies each product does not
+have as much overall significance. But this is very important
+to Genentech," said Robert Riley, a senior consultant at Arthur
+D. Little Inc.
+    Some estimated that Genentech could see as much as 1.5
+billion dlrs from the drug. But with each delay, others can
+enter the market and catch up to Genentech's lead.
+
+    Industry sources pointed out that KabiVitrum, in an
+alliance with Hoechst AG &lt;HFAG.F>, won a recommendation for its
+streptokinase drug on the same day Genentech's application was
+delayed. Streptokinase, an enzyme-based drug, is also used to
+treat heart attack victims.
+    In addition, Milstein said that Beecham Group Plc &lt;BHAM.L>
+has a drug called Eminase which is "the most likely competitor
+to TPA," and from a clinical standpoint, nearly identical.
+Beecham's drug has been approved for use in Germany and is
+awaiting approval in the U.K., he added.
+     Streptokinase was difficult to administer to heart attack
+victims because it would dissolve before it reached the heart.
+Another method, which involved pumping the drug directly into
+the heart through a tube, proved difficult when a heart attack
+was in progress. TPA was seen as a savior since it was easier
+to administer and worked quickly.
+    But new developments have made streptokinase more effective
+and easier to administer, becoming a potential threat to
+Genentech's grasp on the TPA market. And if that wasn't enough,
+about 30 other biotech companies are quickly developing TPA in
+Genentech's path.
+ 
+    "Genentech's advantage is being first in the market," said
+industry consultant Scott King, formerly an analyst with
+Montgomery Securities in San Francisco. "They'll be the first
+approved but then they'll face competition after one or two
+years."
+    The company may also face patent pressures for its drug. It
+is currently about to go to court with Beecham Group in the
+U.K. in a patent dispute. And while its patent is pending in
+the U.S., many analysts expect the company to face some suits
+as soon as the patent is issued, a potentially more harmful
+situation than any temporary setback in the FDA.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6019" NEWID="17681">
+<DATE> 1-JUN-1987 13:45:10.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1924&#31;reute
+r f BC-COURT-ACTION-SOUGHT-O   06-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT ACTION SOUGHT ON SOUTHAM &lt;STM.TO> DEAL</TITLE>
+<DATELINE>    TORONTO, June 1 - </DATELINE><BODY>Southam Inc said a Canadian government
+official asked the Ontario Supreme Court to order Southam to
+seek shareholder approval of a 1985 share swap between Southam
+and fellow newspaper publisher Torstar Corp &lt;TSB.TO>.
+    Frederick Sparling, an official in the Department of
+Consumer and Corporate Affairs, wants the share exchange
+nullified if shareholder approval is not obtained, Southam
+added.
+    Southam said it believed it had acted properly and would
+vigorously defend itself in what would probably be a lengthy
+process.
+    Sparling's action came after a year-long investigation by
+the federal corporations branch in response to minority
+shareholders' complaints about the share exchange, which gave
+Torstar a 22 pct stake in Southam.
+    Southam said at the time of the Torstar deal that the share
+swap was necessary to avert a hostile takeover bid for Southam
+by a third party.
+    The company declined further comment while the case is
+before the courts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6020" NEWID="17682">
+<DATE> 1-JUN-1987 13:48:33.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1935&#31;reute
+r f BC-PEERLESS-MANUFACTURIN   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEERLESS MANUFACTURING &lt;PMFG.O> SELLS UNIT</TITLE>
+<DATELINE>    DALLAS, June 1 - </DATELINE><BODY>Peerless Manufacturing Co said it has sold
+its Industrial Sensors and Instruments Division and Panhandle
+Equipment Co subsidiaries for a total of 635,000 dlrs in cash.
+    It said the transaction will result in a loss of about
+605,000 dlrs or 50 cts per share, which it will take in the
+fourth quarter ending June 30. Peerless said due to the sale it
+will probably have a loss for the year.
+    It said it sold the units, to buyers it did not name, due
+to increasing losses caused by the depressed petroleum
+equipment market.
+                               
+    Peerless earned 576,000 dlrs or 63 cts per share in fiscal
+1986.
+    It said the units being sold lost 28 cts per share in the
+first nine months of fiscal 1987 and 12 cts in all of fiscal
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6021" NEWID="17683">
+<DATE> 1-JUN-1987 13:54:15.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1951&#31;reute
+f f BC-******HICKS-AND-HAAS   06-01 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HICKS AND HAAS GROUP GETS FINANCING FOR SPECTRADYNE ACQUISITION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6022" NEWID="17684">
+<DATE> 1-JUN-1987 13:56:13.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1955&#31;reute
+u f BC-MIDDLE-SOUTH-&lt;MSU>-GR   06-01 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDDLE SOUTH &lt;MSU> GRANTED MISSISSIPPI STAY</TITLE>
+<DATELINE>    NEW ORLEANS, June 1 - </DATELINE><BODY>Middle South Utilities Inc said the
+U.S. Supreme Court granted the company's Mississippi Power and
+Light Co's request for stay of a Mississippi Supreme Court
+ruling blocking a portion of the utility's retail rates.
+    In February, the state court had returned to state
+regulators a case involving the recovery of Grand Gulf one
+nuclear power plant costs at the rate of 28 mln dlrs per month.
+These rates, some of which were deferred for future phase-in,
+were granted by the state regulators in September 1985 based on
+Federal Energy Regulatory Commission allocation of the power
+plant's cost among Middle South's subsidiaries.
+    Middle South said one condition of the stay is the posting
+of a bond that is suitable to the Mississippi Supreme Court.   
+ Middle South said the Supreme Court stay brings stability to
+Mississippi Power and Light's situation and "removes the
+possibility of MP and L's imminent insolvancy while the case is
+proceeding on the merits."
+    The company said it expects its subsidiary's case to
+prevail on the merits, resolving for all Middle South System
+companies "issues concerning the prudence and retail rate
+recovery of costs associated with the Grand Gulf One nuclear
+unit."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6023" NEWID="17685">
+<DATE> 1-JUN-1987 13:56:59.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1957&#31;reute
+h f BC-UNITED-TOTE-INC-&lt;TOTE   06-01 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TOTE INC &lt;TOTE.O> 2ND QTR APRIL 30</TITLE>
+<DATELINE>    SHEPHERD, Mont., June 1 -
+    </DATELINE><BODY>Shr profit four cts vs profit three cts
+    Net profit 64,197 vs profit 56,437
+    Revs 4.9 mln vs 1.6 mln
+    Six months
+    Shr profit four vs loss seven cts
+    Net profit 67,133 vs loss 114,427
+    Revs 9.1 mln vs 2.8 mln
+    NOTE:1987 first half includes revnues of new racetrack
+operation.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6024" NEWID="17686">
+<DATE> 1-JUN-1987 13:57:16.33</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1959&#31;reute
+r f BC-canada-lumber-exports   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA LUMBER EXPORTS MAY BECOME UNPROFITABLE</TITLE>
+<DATELINE>    TORONTO, June 1 - </DATELINE><BODY>Canada's softwood lumber will become
+unprofitable for some forest product producers if prices
+decline to about 175 U.S. dlrs per thousand board feet of two
+by four inch lumber from current levels of about 195 U.S. dlrs,
+Canadian Forest Industry Council chairman Adam Zimmerman told
+reporters.
+    Zimmerman reiterated profitability has been hurt by a move
+by Canadian negotiators to impose last January a 15 pct export
+tax on softwood lumber shipped to the U.S. in exchange for a
+U.S. lumbermen's lobby dropping its request for a countervail
+duty.
+    "I think that there has been a falling off in the market, so
+I think there is a moderate slow down in the price now,"
+Zimmerman said at a media briefing.
+    Zimmerman said the adverse impact from lower U.S. lumber
+product prices would be felt by lumber mills in eastern Canada
+first, migrating westward.
+    "The country has swallowed a time bomb and it will go off
+when times get tough," Zimmerman said.
+    He also said the federal government should maintain the
+existing 15 pct export tax and not allow provinces to offset
+the tax with increased provincial fees for cutting lumber.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6025" NEWID="17687">
+<DATE> 1-JUN-1987 13:57:30.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1961&#31;reute
+d f BC-&lt;SEMICON-TOOLS-INC>-M   06-01 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;SEMICON TOOLS INC> MAKING ACQUISITION</TITLE>
+<DATELINE>    NEW ROCHELLE, N.Y., June 1 - </DATELINE><BODY>Semicon Tools Inc said it has
+signed a letter of intent to acquire a majority interest in
+privately held East Coast Sales, a distributor and fabricator
+of technical ceramic products and disposable clean room
+materials and supplies.
+    Terms were not disclosed.
+    It said it expects to acquisition to result in a
+substantial sales increase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6026" NEWID="17688">
+<DATE> 1-JUN-1987 13:57:48.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1963&#31;reute
+r f BC-SAFETY-KLEEN-&lt;SK>-COM   06-01 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAFETY-KLEEN &lt;SK> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    ELGIN, ILL., June 1 - </DATELINE><BODY>Safety-Kleen Corp said it completed
+the acquisition of an 80 pct interest in BresLube Enterprises,
+for about 12 mln dlrs in stock and cash.
+     BresLube, based in Toronto, collects used lubricating oils
+from auto garages, car dealers and other businesses, and
+re-refines it for resale. Its annual revenues are about 18 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6027" NEWID="17689">
+<DATE> 1-JUN-1987 13:57:53.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1964&#31;reute
+d f BC-GENCORP-&lt;GY>-STARTS-B   06-01 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> STARTS BUILDING NEW PLANT</TITLE>
+<DATELINE>    AKRON, Ohio, June 1 - </DATELINE><BODY>GenCorp said it has started
+construction on a new 50 mln dlr 260,000 square foot plant for
+the reinforced plastics division of its DiversiTech General
+unit.
+    It said completion is expected in mid-1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6028" NEWID="17690">
+<DATE> 1-JUN-1987 13:58:24.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1965&#31;reute
+u f BC-NMS-&lt;NMSI>-TO-DEVELOP   06-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NMS &lt;NMSI> TO DEVELOP HOME AIDS TEST KIT</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., June 1 - </DATELINE><BODY>NMS Pharmaceuticals Inc
+said it has begun developing a home test kit for detecting an
+antibody to the AIDS virus.
+    The company said its Animial Biotech Corp subdiary, which
+will develop the test, recently completed development of a
+simlar technology for a home test kit for feline leukemia virus
+in cats that exhibits similar properties to the AIDS virus,
+HIV, or human immunodeficiency virus.
+   
+    NMS is the first firm to annouce the development of a home
+test kit for AIDS. The company said it should have a working
+model ready in the first quarter of 1988.
+    Abbott Laboratories &lt;ABT>, based in Chicago, is the
+worldwide leader in the 60 mln dlrs AIDS test market with about
+a 50 pct share. Abbott also recently applied to the Food and
+Drug Administration to market a new test that will be ablet to
+detect early infection with the AIDS virus and help monitor the
+progress of therapy.
+   
+    NMS said its home AIDS test would use proprietary
+technologies and advanced genetic engineering techniques for
+the home test kitS. NMS said the test would use a drop of blood
+from a finger prick to detect the AIDS virus.
+    The company stressed that there is no assurance it will
+succeed in develop ths test, nor in obtaining government
+approval for marketing such as test.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6029" NEWID="17691">
+<DATE> 1-JUN-1987 13:59:23.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1966&#31;reute
+d f BC-FORD-&lt;F>-IN-VENTURE-T   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> IN VENTURE TO MAKE UNITS FOR MAZDA</TITLE>
+<DATELINE>    DEARBORN, Mich., June 1 - </DATELINE><BODY>Ford Motor Co said it agreed with
+Mazda Motor Corp &lt;MAZT> and Matsushita Electric Industrial Co
+Ltd &lt;MC> to form a company that would make heating and cooling
+units in Japan for Mazda cars.
+    Equity in the new company will be shared equally, Ford
+said. Each of the three participants will be represented on the
+board of directors of the new company.
+    Ford said a manufacturing plant will be located in
+Higashi-Hiroshima City near Mazda's headquarters. Completion of
+the factory, and production start-up, is scheduled for the fall
+of 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6030" NEWID="17692">
+<DATE> 1-JUN-1987 14:00:01.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1967&#31;reute
+r f BC-ZENITH-&lt;ZEN>-IN-VOLUN   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZENITH &lt;ZEN> IN VOLUNTARY RECALL</TITLE>
+<DATELINE>    RAMSEY, N.J., June 1 - </DATELINE><BODY>Zenith Laboratoreis Inc said it was
+voluntarily recalling 20 lots of Digoxin, a cardiovascular
+drug, because about seven of the lots made betweeen October
+1984 and Janauary 1986 failed to meet certain requirements.
+    The lot number of Digoxin, in 0.25 mg tablets, are 112
+through 131. Zenith said the recalled lots were not likely to
+cause serious ill health effects, but said the recall is being
+done because some of the lots failed to meet dissolutation
+requirements upon retesting.
+    Zenith said the other lots are not subject to the recall.
+It said the recall will cost about 50,000 dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6031" NEWID="17693">
+<DATE> 1-JUN-1987 14:00:56.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1968&#31;reute
+r f BC-GE-&lt;GE>,-ALSTHOM-&lt;ALS   06-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE>, ALSTHOM &lt;ALSF.PA> DEVELOPING TURBINE</TITLE>
+<DATELINE>    ANAHEIM, Calif., June 1- </DATELINE><BODY>General Electric Co said it and
+Alsthom of France are developing a 200 megawatt gas turbine
+that will be the most powerful combustion turbine in the world,
+the MS9001F.
+    The company said when used in a combined cycle application,
+the power plant efficiency will exceed 50 pct.
+    The company said it will offer the turbine exclusively for
+50 hertz electrical system markets.  Most of the world, except
+the U.S. and several other countries, use the 50 hertz system,
+it said.  It said Alsthom, its licensee in France, is
+codeveloper and comanufacturer of the first unit.
+    GE said the first of the turbines will be installed for
+Electricite de France's grid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6032" NEWID="17694">
+<DATE> 1-JUN-1987 14:01:31.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1972&#31;reute
+u f BC-HICKS/HAAS-GROUP-HAS   06-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HICKS/HAAS GROUP HAS SPECTRADYNE &lt;SPDY.O> FUNDS</TITLE>
+<DATELINE>    DALLAS, June 1 - </DATELINE><BODY>SPI Holding Inc, a group consisting of
+Hicks and Haas and Acadia Partners LP, said it has received
+commitments for the senior bank financing needed to complete
+its proposed acquisition of Spectradyne Inc for 46 dlrs a share
+in cash or securities, or a total of about 452 mln dlrs.
+    The transaction was conditioned on the arrangement fo
+financing by today.
+    It said it has also executed multi-year employment and
+non-competition agreements with five Spectrayne senior managers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6033" NEWID="17695">
+<DATE> 1-JUN-1987 14:02:24.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1976&#31;reute
+r f BC-ROONEY-QUITS-AS-SERVI   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROONEY QUITS AS SERVICE RESOURCES &lt;SRC>UNIT HEAD</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Service Resources Corp said Patrick J.
+Rooney has resigned as chairman and chief executive officer of
+its Chas. P. Young subsidiary to devote more time to his posts
+as chairman and chief executive of the parent company.
+    Young has recently offered to acquire Sorg Inc &lt;SRG> for 23
+dlrs a share and take the combined company public.
+    The company said James P. Alexis, president of Young's
+Chicago operation, will succeed Rooney as chairman and chief
+executive of Young, with Jack R. Hubbs remaining president and
+chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6034" NEWID="17696">
+<DATE> 1-JUN-1987 14:03:09.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1981&#31;reute
+r f BC-FORD-TO-INVEST-23-MLN   06-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD TO INVEST 23 MLN STG IN U.K. ENGINE PLANT</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>Ford Motor Co &lt;F> is to invest 23 mln stg
+in high technology equipment at its Bridgend engine plant in
+South Wales, the Press Association said.
+    The move includes a new computerised engine test facility
+which the company says will make the factory one of the most
+efficient of its kind in the world.
+    Bridgend currently supplies Escort, Orion and some Fiesta
+engines to Ford plants in Britain, West Germany and Spain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6035" NEWID="17697">
+<DATE> 1-JUN-1987 14:03:43.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1983&#31;reute
+r f BC-U.S.-HEALTHCARE-&lt;USHC   06-01 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HEALTHCARE &lt;USHC.O> IN BLUE CROSS VENTURE</TITLE>
+<DATELINE>    BLUE BELL, Pa., June 1 - </DATELINE><BODY>U.S. Healthcare Inc said it has
+signed an agreement with Blue Cross and Blue Shield of Missouri
+to jointly develop and operate a new health maintenance
+organization for the St. Louis area.
+    The company said Blue Cross will wholly own HMO Missouri,
+which U.S. Healthcare will manage and market. It said it hopes
+to start offering the HMO by January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6036" NEWID="17698">
+<DATE> 1-JUN-1987 14:03:46.65</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1984&#31;reute
+b f BC-******ALCO-RAISING-PR   06-01 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALCOA RAISING PRICES OF ALUMINUM BEVERAGE CAN STOCK EIGHT PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6037" NEWID="17699">
+<DATE> 1-JUN-1987 14:04:15.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1988&#31;reute
+d f BC-INVESTITECH-&lt;ITLD.O>   06-01 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTITECH &lt;ITLD.O> GETS MORTGAGE LOAN</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., June 1 - </DATELINE><BODY>Investitech Ltd said it has
+closed on a 500,000 dlr long-term mortgage loan in connection
+with its previous purchase of a Mulberry, Fla., plant,
+replacing a short-term borrowing.
+    The company said full production at the plant will start
+immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6038" NEWID="17700">
+<DATE> 1-JUN-1987 14:06:52.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1993&#31;reute
+u f BC-COMPUTER-ASSOC.-&lt;CA>   06-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER ASSOC. &lt;CA> BOLSTERS HAND AGAINST IBM</TITLE>
+<AUTHOR>    BY LAWRENCE EDELMAN, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Computer Associates International Inc's
+800 mln dlr merger with Uccel Corp &lt;UCE> will eliminate its
+strongest rival, but the company still faces stiff competition
+from International Business Machines Corp &lt;IBM>, Wall Street
+analysts said.
+     "IBM is still the ruling force in mainframe systems
+software," said Scott Smith, an analyst with Donaldson Lufkin
+and Jenrette.
+    "But the combination of the two companies will clearly
+present a much stronger front," he said.
+    Besides IBM, "Computer Associates will be far and away the
+most powerful company in the field," added E.F. Hutton analyst
+Terence Quinn.
+    That field is a segment of the market known as system
+utilities, or software packages that boost the productivity of
+a company's data processing facilities by increasing the speed,
+power and efficiency of large mainframe computers.
+    The merger of Uccel and Computer Associates combines the
+two biggest systems utilities suppliers other than IBM.
+Analysts said the remaining players are mostly small firms that
+will find the competition much harder than in the past.
+    For Computer Associates, the merger with Uccel caps a
+six-year acquisition campaign that has vaulted the Garden City,
+N.Y.-based company to the top of the software industry.
+    When the deal is completed sometime in August, the
+company's revenues will exceed 450 mln dlrs, pushing it past 
+Microsoft Corp &lt;MFST> as the world's largest independent
+software vendor.
+    Computer Associates founder and chairman Charles B. Wang
+took the company public in 1981, and since then he has bought
+15 companies and boosted annual sales from 18.5 mln to 309.3
+mln dlrs for the year ended March 31.
+    Liemandt took charge of Wyly, sold off its non-computer
+businesses and decided that it would focus solely on mainframe
+computer software. In 1984, the company was renamed Uccel Corp.
+    Liemandt, who said he will leave the company after the
+merger is completed, also turned to acquisitions for growth.
+    On the last day of 1986, Uccel completed the buyouts of six
+companies for a total of about 60 mln dlrs.
+    For 1986, it earned 17.0 mln dlrs, or 1.01 dlrs a share, on
+sales of 141.5 mln dlrs.
+    The agreement took industry analysts by surprise, largely
+because the companies had been such bitter rivals. Also,
+Dallas-based Uccel had engineered a strong comeback from the
+dark days of 1982, when, as Wyly Corp, it lost 7.7 mln dlrs, or
+56 cts a share.
+   At that time, Wyly owned a potpourri of 13 different
+businesses, only three of which were involved in computer
+software. In 1983, Walter Haefner, a Swiss financier and a
+major Wyly investor, lured Gregory J. Liemandt away from his
+job as chairman of General Electric Co's &lt;GE> computer services
+unit.
+    Computer Associates' Wang and Uccel's Liemandt said at a
+news conference that the merger would give computer users a
+single source for a wide range of software products.
+    In addition to system utilities, Computer Associates also
+sell products for microcomputers, while Uccel has made inroads
+in the applications software market, where analysts said it has
+been successful with accounting and banking systems.
+    Wang said Computer Associates would continue to support and
+enhance both companies' product lines, but noted that the
+company will eventually weed out duplicate offerings. He said
+about 20 pct of the companies' products overlap.
+    Analysts said the merger would dilute the holdings of
+current Computer Associates shareholders by about 10 pct. But
+they joined Wang in forecasting that the deal will not dilute
+Computer Associates' earnings for the current fiscal year.
+    Quinn of E.F. Hutton said Wang has a proven track record of
+completing acquisitions without earnings dilution. Therefore,
+he said he would not change his 1988 earnings estimate of 1.05
+dlrs a share.
+    Wang said he would look closely at the combined operations
+of the two companies and cut duplication in sales, marketing
+and research and development.
+    Analysts said Computer Associates paid a premium for Uccel.
+Based on Friday's closing price, the company will swap 47.50
+dlrs worth of its stock for each Uccel share, which is nearly
+33 times Uccel's 1987 estimated earnings of 1.45 dlrs a share.
+    Stephen T. McClellan of Merrill Lynch Research said most
+software companies are currently valued at about 20 times
+per-share earnings. But the analyst said Uccel was worth the
+premium because of its earnings potential and customer base.
+
+    Wang said Haefner, the Swiss investor, would hold about 25
+pct of Computer Associates stock after the merger. He currently
+owns 58 pct of Uccel.
+    The executive said the merger would not alter his target of
+maintaining sales and earnings growth of 30 pct to 35 pct.
+    In addition, he said he expects no problems in having the
+deal cleared by the antitrust division of the U.S. Justice
+Department.
+    Uccel's Liemandt declined to say what he will do after the
+merger, but he did not rule out working together with Wang.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6039" NEWID="17701">
+<DATE> 1-JUN-1987 14:14:19.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2013&#31;reute
+b f BC-MAXWELL-WOULD-NOT-REN   06-01 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAXWELL WOULD NOT RENEW BID IF SUIT FAILS</TITLE>
+<DATELINE>    London, June 1 - </DATELINE><BODY>British press magnate Robert Maxwell said
+his British Printing and Communication Corp Plc would not renew
+its bid for Harcourt Brace Jovanovich Inc &lt;HBJ> if the lawsuit
+filed against Harcourt in New York today fails.
+    Speaking at a press conference, Maxwell denied market
+rumors that British Printing had approached British
+institutions to arrange a rights issue with a view to
+relaunching its bid for the U.S. publishing concern.
+    "I don't believe in chasing mirages," maxwell said.
+    British Printing filed suit in U.S. District Court in
+Manhattan to block what Maxwell called a fraudulent
+recapitalization announced by Harcourt last week.
+    Harcourt, in response to a hostile two billion dlr takeover
+proposal from Maxwell, planned a recapitalization that would
+pay shareholders 40 dlrs per share. Under the plan, it also
+said 40 pct of its shares will be controlled by its employees,
+management, and its financial adviser, First Boston Corp &lt;FBC>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6040" NEWID="17702">
+<DATE> 1-JUN-1987 14:14:55.58</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2018&#31;reute
+b f BC-******ALCO-RAISING-PR   06-01 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALCOA RAISING PRICES OF ALUMINUM BEVERAGE CAN STOCK EIGHT PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6041" NEWID="17703">
+<DATE> 1-JUN-1987 14:17:04.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2027&#31;reute
+u f BC-&lt;GRAND-UNION-CO>-4TH   06-01 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GRAND UNION CO> 4TH QTR MARCH 28 NET</TITLE>
+<DATELINE>    ELMWOOD PARK, N.J., June 1 -
+    </DATELINE><BODY>Net 7,237,000 vs 5,938,000
+    Sales 630.8 mln vs 601.8 mln
+    Year
+    Net 34.1 mln vs 20.5 mln
+    Sales 2.75 billion vs 2.61 billion
+    NOTE: Twelve and 52-week periods.
+    Generale Occidentale SA subsidiary.
+    Prior year net both periods includes 7,580,000 dlr pretax
+charge for store closings.
+    Year net includes pension gain 3,455,000 dlrs vs charge
+5,502,000 dlrs due to change in pension accounting.
+    Income tax rate for year 45.9 pct vs 34.1 pct due to
+abolition of investment tax credits.  Elimination of investment
+tax credits approximately offset gain from change in pension
+accounting, company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6042" NEWID="17704">
+<DATE> 1-JUN-1987 14:22:28.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2046&#31;reute
+r f BC-BELL-CANADA-&lt;BCE>-EXT   06-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL CANADA &lt;BCE> EXTENDS STOCK BUYBACK</TITLE>
+<DATELINE>    MONTREAL, June 1 - </DATELINE><BODY>Bell Canada Enterprises Inc said it
+extended to June 30 from June 4 a short-term voluntary sale
+program for shareholders owning 10 or fewer Bell Canada common
+shares.
+    The plan allows such shareholders of record at April 21 to
+sell their shares at market price without incurring brokerage
+commissions or other charges.
+    Bell Canada was quoted at 42 dlrs, up 1/4, in afternoon
+trading on the Toronto Stock Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6043" NEWID="17705">
+<DATE> 1-JUN-1987 14:22:43.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2048&#31;reute
+d f BC-SYNERCOM-&lt;SYNR.O>-NAM   06-01 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNERCOM &lt;SYNR.O> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    HOUSTON, June 1 - </DATELINE><BODY>Synercom Technology Inc said it has named
+Robert Forsyth president.
+    The company said Forsyth is taking over the position from
+Thomas Moore, who remains chairman and chief executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6044" NEWID="17706">
+<DATE> 1-JUN-1987 14:23:43.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2049&#31;reute
+r f BC-U.S.-VIDEO-&lt;VVCO.O>,   06-01 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. VIDEO &lt;VVCO.O>, FIRST NATIONAL IN MERGER</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>U.S. Video Vending Corp said it
+completed acquiring First National Telecommunications INc from
+First National Entertainment Corp for about 10 mln, or a
+controlling interest of U.S. Video Vending shares.
+    Pursuant to the transaction, Harvey Seslowsky and William
+Hodes resigned from U.S. Video's board and were replaced by
+four members of First National.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6045" NEWID="17707">
+<DATE> 1-JUN-1987 14:24:37.28</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2051&#31;reute
+u f BC-SOME-COCOA-ORIGINS-DI   06-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCOA ORIGINS DISMAYED BY BUFFER STOCK ACTION</TITLE>
+<AUTHOR>    By Peter Read, Reuters</AUTHOR>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>Traders recently returned from West Africa
+say some producers there are dismayed by the ineffective action
+so far by the International Cocoa Organization (ICCO) buffer
+stock manager on buffer stock purchases.
+    One trader said some West African producers are annoyed the
+Buffer Stock manager is not playing his part as required by the
+International Cocoa Pact to stabilise prices from current lows.
+    So far, only 21,000 tonnes of second hand cocoa have been
+taken up for buffer stock purposes and this, traders noted,
+only on an intermittent basis.
+    They noted the purchases, of 8,000 tonnes in the first week
+he bought and 13,000 in the second, are well short of the
+limitations of no more than 5,000 tonnes in one day and 20,000
+in one week which the cocoa agreement places on him.
+    The traders recently returned from West Africa say
+producers there are unhappy about the impact on cocoa prices so
+far, noting producing countries are part of the international
+cocoa pact and deserve the same treatment as consumers.
+    London traders say terminal market prices would have to
+gain around 300 stg a tonne to take the ICCO 10-day average
+indicator to its 1,935 sdr per tonne midway point (or reference
+price).
+    However, little progress has been made in that direction,
+and the 10-day average is still well below the 1,600 sdr lower
+intervention level at 1,562.87 from 1,569.46 previously.
+    The buffer stock manager may announce today he will be
+making purchases tomorrow, although under the rules of the
+agreement such action is not automatic, traders said.
+    Complaints about the inaction of the buffer stock manager
+are not confined to West African producers, they observed.
+    A Reuter report from Rotterdam quoted industry sources
+there saying Dutch cocoa processors also are unhappy with the
+intermittent buffer stock buying activities.
+    In London, traders expressed surprise that no more than
+21,000 tonnes cocoa has been bought so far against total
+potential purchases under the new agreement of 150,000 tonnes.
+Carryover holdings from the previous International Cocoa
+Agreement in the stock total 100,000 tonnes.
+    Terminal prices today rose by up to 10 stg a tonne from
+Friday's close, basis July at its high of 1,271.
+    It seems that when the buffer stock manager is absent from
+the market, prices go up, while when he declares his intention
+to buy, quite often the reverse applies, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6046" NEWID="17708">
+<DATE> 1-JUN-1987 14:25:22.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F A
+&#22;&#22;&#1;f2054&#31;reute
+r f BC-CANADA-CORPORATE-DEBT   06-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA CORPORATE DEBT LOWEST IN FIVE YEARS</TITLE>
+<DATELINE>    TORONTO, June 1 - </DATELINE><BODY>Canada's corporate debt burden is at its
+lowest point in five years but still exceeds pre-1981 recession
+levels, said a study by Canadian Imperial Bank of Commerce
+&lt;CM.TO>.
+    The bank said the debt-equity ratio for all Canadian
+companies, excluding financial corporations, now averages 1.50,
+down from 1.70 in 1982, but higher than 1.47 in 1980.
+    "Five years of uninterrupted economic growth in Canada and
+the strength of the Canadian bond and stock markets, despite
+recent corrections, have led to a marked improvement in the
+financial health of most Canadian corporations," the bank said.
+   
+    The bank said that manufacturing, construction,
+transportation, utility and service industries had improved
+their debt-equity ratios to 1977 levels. Mining, oil and gas
+companies were not performing as well due to low commodity
+prices, the bank added.
+    Canadian corporate financial ratios are also stronger than
+those in the U.S., the bank said. It said the 1981-82 recession
+led some Canadian companies to downsize and use resulting
+savings to cut floating rate debt, and others to shift to
+equity from debt financing.
+                                               
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6047" NEWID="17709">
+<DATE> 1-JUN-1987 14:26:07.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2060&#31;reute
+d f BC-AMERICAN-TRAVELLERS-&lt;   06-01 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN TRAVELLERS &lt;ATVC.O> REPORTS PRODUCTION</TITLE>
+<DATELINE>    WARRINGTON, Pa, June 1 - </DATELINE><BODY>American Travellers Corp's
+American Travellers Life Insurance Co unit said it wrote more
+than 1.1 mln dlrs of new business in May
+    Last year, the unit wrote 553,350 dlrs of new business for
+the month of May.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6048" NEWID="17710">
+<DATE> 1-JUN-1987 14:28:10.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2067&#31;reute
+r f BC-RAPID-AMERICAN-COMPLE   06-01 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAPID-AMERICAN COMPLETES K MART &lt;KM> STORE BUY</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Privately-held Rapid-American Corp said
+it has completed the previously-announced acquisition of 66
+Kresge and Jupiter stores from K Mart Corp.
+    The company said it plans to operate 57 of the stores as
+McCrory Five and 10 variety stores and close the others by the
+end of July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6049" NEWID="17711">
+<DATE> 1-JUN-1987 14:28:26.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2068&#31;reute
+u f BC-ZENITH-ELECTRONICS-&lt;Z   06-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZENITH ELECTRONICS &lt;ZE> INTRODUCES COMPUTER</TITLE>
+<DATELINE>    GLENVIEW, Ill., June 1 - </DATELINE><BODY>Zenith Electronics Corp said it
+introduced a one-piece computer with 512 kilobytes of memory
+priced starting at 999 dlrs.
+    Zenith said the new computer, called the "eaZy pc", is
+compatible with the PC/XT system and uses 3-1/2-inch disk
+drives.
+    The computer, Zenith's lowest priced unit, uses an Intel
+8088-compatible microprocessor. Its memory will be expandable
+to 640K through two options expected to be available in August.
+The system uses an MS-DOS operating system developed by Zenith
+and Microsoft Corp &lt;MSFT.O>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6050" NEWID="17712">
+<DATE> 1-JUN-1987 14:28:31.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2069&#31;reute
+r f BC-HUGHES-SUPPLY-INC-&lt;HU   06-01 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGHES SUPPLY INC &lt;HUG> 1ST QTR APRIL 30 NET</TITLE>
+<DATELINE>    ORLANDO, Fla., June 1 -
+    </DATELINE><BODY>Shr 58 cts vs 53 cts
+    Shr diluted 54 cts vs 53 cts
+    Net 1,957,745 vs 1,594,009
+    Sales 95.8 mln vs 87.4 mln
+    NOTE: Average shares up 11.7 pct on primary basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6051" NEWID="17713">
+<DATE> 1-JUN-1987 14:28:42.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>hong-kong</D><D>south-korea</D><D>taiwan</D><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2070&#31;reute
+r f BC-EXPEDITERS-INTERNATIO   06-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPEDITERS INTERNATIONAL &lt;EXPD.O> SEES GOOD YEAR</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Expediters International of Washington
+Inc president John Kaiser told securities analysts business in
+the current quarter is good and he is looking for good results
+for the year.
+    Kaiser, however, declined to make specific earnings
+projections.  In 1986, the company reported earnings of 4.1 mln
+dlrs, or 73 cts a share, on sales 108.8 mln dlrs.
+    "The second quarter looks good and it looks like we're
+going to have a good year," he said, citing strength in imports
+and exports in the Pacific Rim.
+    Kaiser also said a pickup in electronics and computer
+business would help this year's results.
+    The company is trying to get a license to operate directly
+in Korea before next year's Olympics, he said. It currently
+works through an agent there.
+    He said four countries in the Pacific - Hong Kong, Korea,
+Taiwan and Singapore, where the company does much if its
+business - should have economic growth of more than 10 pct over
+the next two to four years. "The Pacific Rim will still be our
+strongest market," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6052" NEWID="17714">
+<DATE> 1-JUN-1987 14:28:57.78</DATE>
+<TOPICS><D>gold</D><D>silver</D><D>copper</D><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>comex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2071&#31;reute
+u f BC-/LITTLE-REACTION-TO-R   06-01 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTLE REACTION TO REMOVAL COMEX DAILY LIMITS</TITLE>
+<DATELINE>    New York, June 1 - </DATELINE><BODY>The elimination of limits on daily price
+fluctuations for metals futures contracts traded on the
+Commodity Exchange, COMEX, appears to be having little effect
+on the market, analysts said.
+    "There is nothing apparent from the change," said William
+O'Neill, director of futures research at Elders Futures Inc.
+    "The market has not approached the old price limits and
+trading is relative quiet, in narrow ranges," he said.
+    On May 5, COMEX eliminated price limits on the two
+contracts following each spot delivery in gold, silver, copper
+and aluminum futures after a review of its clearing operations,
+which were severely tested by a volatile market in silver
+futures at the end of April. COMEX announced Friday the lifting
+of all daily limits, effective today.
+    Gold futures, which previously had a limit of 25 dlrs per
+ounce in most back months, were about 7.00 dlrs weaker in the
+nearby contracts amid thin volume conditions, traders said.
+    Silver futures, previously limited at 50 cents in most back
+months, were trading about 30-40 cts weaker in the nearby
+contracts amid quiet trading today.
+    During the last week of April, silver futures often traded
+at the daily allowable limit amid concerns about inflation, the
+dollar, and other factors. Traders rushed into the spot, or
+unlimited, contract to offset those moves, analysts said.
+    As a result, O'Neill said, there was much confusion, many
+unmatched trades, and large losses for some traders.
+    The COMEX fined four large firms a total of 100,000 dlrs
+for failure to resolve unmatched trades in a timely manner.
+    Paul Cain, a vice president at Shearson Lehman Brothers,
+said the elimination of price limits will cut back on panic
+buying or selling and contribute to more orderly markets.
+    O'Neill added that the elimination of daily limits would
+add caution to trading.
+    "This is a more realistic approach because the metals
+market is a 24 hours market and prices can move without limit,"
+O'Neill said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6053" NEWID="17715">
+<DATE> 1-JUN-1987 14:29:25.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2073&#31;reute
+r f BC-&lt;GRAND-UNION-CO>-SEES   06-01 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GRAND UNION CO> SEES HIGHER YEAR SPENDING</TITLE>
+<DATELINE>    ELMWOOD PARK, N.J., June 1 - </DATELINE><BODY>Grand Union Co, a subsidiary
+of Generale Occidentale SA of France, said it plans capital
+spending of 111 mln dlrs this year mostly for new stores and
+expansions of existing units, up from 76 mln dlrs for the year
+ended March 28, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6054" NEWID="17716">
+<DATE> 1-JUN-1987 14:29:40.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2074&#31;reute
+r f BC-TOTAL-HEALTH-&lt;TLHT.O>   06-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTAL HEALTH &lt;TLHT.O> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    GREAT NECK, N.Y., June 1 - </DATELINE><BODY>Total Health Systems Inc said it
+has agreed to acquire CoMED Inc of Denville, N.J., a health
+maintenance organization with over 63,000 subscribers, for an
+undisclosed amount of cash, the assumption of liabilities and
+the provision of up to 10 mln dlrs in equity and debt
+financing.
+    The company said the acquisition is subject to regulatory
+approvals.
+    It said CoMED had 1986 revenues of 30.0 mln dlrs and
+earnings of 650,383 dlrs and had revenues for the first four
+months of 1987 of 13.6 mln dlrs, up 60 pct from a year before.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6055" NEWID="17717">
+<DATE> 1-JUN-1987 14:29:44.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2075&#31;reute
+r f BC-MEDITRUST-&lt;MTRUS.O>-R   06-01 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDITRUST &lt;MTRUS.O> RAISES QUARTERLY PAYOUT</TITLE>
+<DATELINE>    WELLESLEY, Mass., June 1 -
+    </DATELINE><BODY>Qtly div 44 cts vs 39 cts prior
+    Pay Aug 14
+    Record July 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6056" NEWID="17718">
+<DATE> 1-JUN-1987 14:30:05.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2078&#31;reute
+d f BC-ALLTEL-&lt;AT>-GETS-PERM   06-01 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLTEL &lt;AT> GETS PERMISSION FOR LICENSE TRANSFER</TITLE>
+<DATELINE>    HUDSON, Ohio, June 1 - </DATELINE><BODY>ALLTEL Corp said it has received
+permission from the Federal Communications Commission for the
+transfer of its Syracuse/Binghamton/Cortland, N.Y., radio
+paging licenses to Mobile Communications Corp of America
+&lt;MCCABV.O> and the transfer takes effect today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6057" NEWID="17719">
+<DATE> 1-JUN-1987 14:30:11.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2079&#31;reute
+d f BC-UNITED-ASSET-&lt;UAM>-CO   06-01 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED ASSET &lt;UAM> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    PROVIDENCE, June 1 - </DATELINE><BODY>United Asset Management corp said it
+has completed the acquisition of Rice, Hall, James and
+Associates of San Diego for undisclosed terms.
+    It said Rice Hall manages investments for institutions and
+individuals and has about 690 mln dlrs in assets under
+management currently.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6058" NEWID="17720">
+<DATE> 1-JUN-1987 14:30:17.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2080&#31;reute
+d f BC-KMS-INDUSTRIES-INC-&lt;K   06-01 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KMS INDUSTRIES INC &lt;KMSI.O> GETS CONTRACT</TITLE>
+<DATELINE>    ANN ARBOR, Mich., June 1 - </DATELINE><BODY>KMS Industries Inc said its
+Covalent Technology Corp subsidiary won a one-year 60,000 dlr
+contract for develpoing a rapid and simple method for detecting
+heaptitis B antigen and diarrheal disease toxins.
+    It said the award was from the Program for Appropriate
+Technology in Health, in collaboration with the United States
+Agency for International Development.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6059" NEWID="17721">
+<DATE> 1-JUN-1987 14:30:52.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2082&#31;reute
+u f BC-AIRLINE-ANALYSTS-STUD   06-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRLINE ANALYSTS STUDY BRITISH AIRWAYS &lt;BAB></TITLE>
+<AUTHOR>    By Philip Barbara, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, June 1 - </DATELINE><BODY>Since British Airways was sold to the
+public by the British government, airline analysts have begun
+covering the big carrier and giving it good reviews.
+    "Analysts are picking up British Airways because it's a
+major airline, and because they have fewer companies to work
+with after all the mergers," said Merrill Lynch analyst Edmund
+Greenslet. "Two years ago there were enough U.S. carriers, but
+now more analysts are adding the international airlines."
+    Merrill Lynch, for instance, will be covering it from its
+international offices, he said.
+    British Airways was sold to the public by the Conservative
+government in February.
+    It has a fleet of 167 jetliners, making it the largest in
+Europe. A relatively small portion of revenue and traffic comes
+from intra-U.K. operations, and its predominantly long-haul
+route network spans the globe.
+    Julius Maldutis at Salomon Brothers said he likes British
+Airways because it can quickly redeploy jets to strong markets
+or away from weak ones, as it did last year in response to the
+severe downturn in North Atlantic traffic after the Chernobyl
+nuclear disaster and terrorist actions.
+    "Because of its diverse network, it has the ability to
+hedge or mitigate adverse developments in one particular area,"
+Maldutis said.
+    He said British Airways should outperform the rest of the
+stock market. Salomon was an underwriter for the company's
+public offering in February.
+    About 6.3 mln British Airways' American depositary receipts
+are traded on the NYSE, and 2.8 mln ADRs on the Toronto
+exchange. Each ADR equals 10 ordinary shares.
+    Louis Marckesano at Janney Montgomery Scott said British
+Airways near-term outlook is good. "We're looking for good
+traffic growth and improved revenues," he said.
+    "British Airways should be riding a good wave," he said.
+"Its fiscal year began April one, so when you think of all the
+troubles it experienced in the first half of last year,
+especially in the North Atlantic market, you know all
+camparisons should be nice."
+    At March 31 the carrier had total debt of 279 mln stg for a
+debt-to-equity ratio of 33 pct, which is very good for an
+airline, analysts said.
+    "Its balance sheet is very conservative - perhaps too
+conservative for an airline - but that means it can borrow to
+expand its fleet," Marckesano said.
+    British Airways has been a leading force of airline
+liberalization in Europe, which is being gradually implemented
+to avoid the problems of U.S. airline deregulation, which
+brought years of unstable fares and losses.
+    Analysts agree a phased-in deregulation will greatly
+benefit British Airways over the long run because it is the
+largest European carrier.
+    Analysts caution that British Airways faces increasing
+competition for travelers to Europe from U.S. carriers as
+airline consolidation here expands route networks.
+    In 1983, for instance, about 69 pct of U.K.-bound
+passengers transferred to European carriers after arriving at
+U.S. gateway airports onboard U.S. carriers.
+    But U.S. carriers are retaining more of their passengers,
+and this year about 30 pct of U.K.-bound travelers are expected
+to switch to a European carrier to complete the trip, according
+to British Airways' chief executive officer, Colin Marshall.
+    "British Airways had a greater shot at picking up traffic
+when it was funneled to New York," said Marckesano "Now,
+traffic is being captured earlier by U.S. carriers as it leaves
+Atlanta, Dallas and other cities," said Marckesano.
+    He also said that British Airways' first-half results might
+mislead an investor into gauging full-year results because its
+fiscal year begins April one.
+    "Profits build in the first half. But if an investor just
+doubles that figure, he'll be making a big mistake," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6060" NEWID="17722">
+<DATE> 1-JUN-1987 14:32:03.53</DATE>
+<TOPICS><D>soybean</D><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2089&#31;reute
+f f BC-export-inspections   06-01 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS,  SOYBEANS 7,209, WHEAT 15,187 CORN 25,347
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6061" NEWID="17723">
+<DATE> 1-JUN-1987 14:33:33.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2097&#31;reute
+u f BC-COMPUTERLAND-TO-BE-AC   06-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTERLAND TO BE ACQUIRED BY INVESTOR GROUP</TITLE>
+<DATELINE>    OAKLAND, Calif., June 1 - </DATELINE><BODY>Computerland Corp said an
+investor group led by the financial services firm E.M. Warburg
+Pincus and Co Inc has agreed to acquire Computerland's
+business.
+    Computerland, a privately-held company said to be the
+world's largest retailer of personal computers, declined to
+provide details of the arrangement.
+    But the company said it expects to close the acquisition
+over the next 60 to 90 days.
+    In announcing the transaction, Computerland said the
+acquisition will provide it with resources and support to
+maintain and expand its leadership position in the computer
+retail industry.
+    Computerland also said its network retail sales in 1986
+totalled 1.45 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6062" NEWID="17724">
+<DATE> 1-JUN-1987 14:37:33.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2118&#31;reute
+r f BC-WATCHDOG-GROUP-SEEKS   06-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WATCHDOG GROUP SEEKS U.S. RECALL OF SCHOOLBUSES</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>The Center for Auto Safety, a private
+auto industry watchdog group, sought a government recall of
+50,000 schoolbuses, charging that a defect in their manufacture
+causes the buses to split open in a crash.
+    The center said it asked the National Highway Traffic
+Safety Administration (NHTSA) to recall all school buses built
+since 1977 by Thomas Built Buses of High Point, N.C..
+    "In the past seven years, 45 children were injured and six
+killed in crashes of Thomas schoolbuses where the panels of the
+buses split open at the joints," Executive Director Clarence
+Ditlow wrote Transportation Secretary Elizabeth Dole.
+    NHTSA is a part of the U.S. Department of Transportation.
+    Ditlow said Thomas had failed eight body and three floor
+joint tests since 1977. "No Thomas schoolbus tested for joint
+strength since (a federal standard) was adopted in 1978 has
+ever passed," he said.
+    Officials of Thomas were unavailable for comment.
+    NHTSA officials had no immediate comment on the recall
+petition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6063" NEWID="17725">
+<DATE> 1-JUN-1987 14:38:44.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2121&#31;reute
+d f BC-ELECTROSPACE-&lt;ELE>-GE   06-01 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROSPACE &lt;ELE> GETS DEFENSE CONTRACT</TITLE>
+<DATELINE>    RICHARDSON, Texas, June 1 - </DATELINE><BODY>Electrospace Systems Inc said
+it has received the first 1,623,000 dlr increment of a possible
+five mln dlr contract award from the U.S. Space and Naval
+Warfare Systems Command.
+    It said the contract covers production and systems
+integration of seven AN/WSC-6 SHF SATCOM systems for use on
+combatant and survey ships.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6064" NEWID="17726">
+<DATE> 1-JUN-1987 14:39:13.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2123&#31;reute
+w f BC-SOONER-DEFENSE-&lt;SOON.   06-01 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOONER DEFENSE &lt;SOON.O> GETS CONTRACT</TITLE>
+<DATELINE>    LAKELAND, Fla., June 1 - </DATELINE><BODY>Sooner Defense of Florida Inc said
+it won a 4.2 mln dlr contract from the U.S. Army Armament to
+build  electronic proximity fuzes used in Navy five-inch gun
+systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6065" NEWID="17727">
+<DATE> 1-JUN-1987 14:39:30.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2124&#31;reute
+b f BC-***BILZERIAN-SAYS-IF   06-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>BILZERIAN SAYS IF PAY N'PAK SIGNS MERGER ACCORD HE WILL TENDER FOR 7.5 MLN SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6066" NEWID="17728">
+<DATE> 1-JUN-1987 14:39:41.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2125&#31;reute
+d f BC-PIOSEC-&lt;PIO.AL>-ACQUI   06-01 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIOSEC &lt;PIO.AL> ACQUIRES SEMICONDUCTOR STAKE</TITLE>
+<DATELINE>    VANCOUVER, B.C., May 31 - </DATELINE><BODY>Piosec Technology Ltd said it
+exchanged 4.5 mln common shares for 21 pct of privately owned
+&lt;Alliance Semiconductor Corp> of Santa Clara, Calif.
+    Followin the acquisition, a Piosec spokesman said, the
+company has 6.5 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6067" NEWID="17729">
+<DATE> 1-JUN-1987 14:39:58.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2127&#31;reute
+d f BC-AMERICAN-CREDIT-CARD   06-01 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CREDIT CARD &lt;ACCT.O> TO MAKE PURCHASE</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., June 1 - </DATELINE><BODY>American Credit Card
+Telephone Co said it has completed arrangements to purchase
+500,000 of its common shares and 500,000 of its warrants as
+well as all payphone technology, software and rights from
+Digvitech Inc's &lt;DGTC.O> Digitech Communications Inc affiliate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6068" NEWID="17730">
+<DATE> 1-JUN-1987 14:41:56.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2132&#31;reute
+u f BC-FRENCH-TREASURY-DETAI   06-01 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH TREASURY DETAILS PLANNED TAP ISSUE</TITLE>
+<DATELINE>    PARIS, June 1 - </DATELINE><BODY>The French Treasury will issue between
+eight and 10 billion francs worth of tap stock, depending on
+market conditions, at its next monthly tender on Thursday, the
+French bond issuing committee said.
+    The planned issue will be of two fixed-rate tranches of the
+8.50 pct May 1994 and the 8.50 pct December 2012 stock and one
+tranche of the 12-year variable rate 1999 stock.
+    At its last tender on May 7, the Bank of France sold 8.2
+billion francs of tap stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6069" NEWID="17731">
+<DATE> 1-JUN-1987 14:46:10.74</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>uk</D><D>japan</D><D>malaysia</D><D>brazil</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>itc</D></ORGS>
+<EXCHANGES><D>lme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f2138&#31;reute
+d f BC-/TIN-TRADERS'-RESPONS   06-01 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIN TRADERS' RESPONSE MUTED TO KL FUTURES MARKET</TITLE>
+<DATELINE>    LONDON, June 1 - </DATELINE><BODY>European free market tin traders made a
+somewhat muted response to plans for a Kuala Lumpur
+dollar-based tin futures market due to be launched in October.
+    Traders said the new market would probably be a useful
+trading medium for Japan and other South East Asian tin
+interests although European traders generally appear to be
+reasonably satisfied with the current "free market" system
+which has been operating since London Metal Exchange, LME, tin
+trading ceased in October 1985. Dealers here will also want to
+see how acceptable foreign metal will be on the new market and
+what sort of demand develops for forward deliveries.
+    There is also a view among European traders that, while the
+proposed Kuala Lumpur tin futures market would provide another
+useful reference point, a market inaugurated by the Malaysian
+government -- in the past viewed as a major player at times by
+the trade -- would make participants uncomfortable.
+    Some traders expressed a preference for a resumption of
+trading on the London Metal Exchange, but they added that while
+there has been some behind the scenes discussion on the subject
+a definite move is unlikely until outstanding High Court
+litigation actions have been resolved.
+    Spot tin prices on the European free market are currently
+around 4,200 stg per tonne for high grade metal in warehouse
+Rotterdam. Over the past 18 months the price moved to a ten
+year low of 3,400 stg in March 1986 and rebounded to as high as
+4,680 stg in December 1986.
+    This compares with 8,140 stg last paid when LME trading
+ceased in October 1985 and a record high tin price of 10,350
+stg traded for Cash Standard Grade metal in June of that year.
+    LME warehouse stocks are now near a two-year low at 28,065
+tonnes, having fallen steadily from a record high of 72,485
+tonnes reached in February 1986.
+    Traders said the free market turned bullish during late
+last year based on producer forecasts of a supply/demand
+deficit of some 28,000/29,000 tonnes. Analysts were predicting
+prices of up to 5,000 stg per tonne during 1987.
+    However, the trend was reversed following a strong upswing
+in sterling versus the dollar and values fell back briefly to
+4,100 stg last month after approaching 4,700 stg in December.
+    The decline accelerated as producers who had sold very
+little metal at the higher levels became competitive sellers.
+    There was also a lack of significant demand from major
+steel mills who made large purchases prior to the new year.
+    Traders say the 15 ITC creditor banks' original tin
+holdings of nearly 45,000 tonnes have now been almost halved,
+and the bulk of material still available is being held by
+Malaysian and Japanese firms which are reluctant to depress the
+market with unwanted metal.
+    Some 80,000 tonnes were held by banks and brokers after the
+International Tin Council's, ITC, buffer stock manager halted
+support operations on the LME on behalf of the 22 members
+nations of the International Tin Agreement.
+    The overhang of metal was reduced further by broker
+Shearson Lehman Brothers, which earlier this year reported
+having sold its ITC-related holdings and halved its overall tin
+position.
+    Analysts see no immediate sign of a rally in European tin
+prices and movements are still expected to be largely related
+to currency fluctuations, unless significant consumer demand
+emerges for the third quarter.
+    The Association of Tin Producing Countries, ATPC, has made
+efforts since the collapse of the ITA to achieve higher world
+prices by attempting to bring all major producers under an
+export control umbrella, but to date Brazil and China, two
+major producers, remain unaffected by the ATPC argument and
+apparently are continuing to offer material at discounts to
+consumers in main European trading centres, dealers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6070" NEWID="17732">
+<DATE> 1-JUN-1987 14:47:54.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2145&#31;reute
+r f BC-LEISURE-CONCEPTS-&lt;LCI   06-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEISURE CONCEPTS &lt;LCIC.O>, LORIMAR &lt;LT> IN DEAL</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Leisure Concepts Inc said it has signed
+a definitive agreement to be licensing agent for all
+Lorimar-Telepictures Corp television and film properties,
+formalizing a preliminary agreement reached in January.
+    It said undser the terms, Lorimar has received a five-year
+warrant to buy up to 250,000 Leisure Concepts shares at 6.25
+dlrs each.  Leisure Concepts now has about 3,100,000 shares
+outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6071" NEWID="17733">
+<DATE> 1-JUN-1987 14:49:00.20</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2149&#31;reute
+f f BC-******ICCO-buffer-sto   06-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ICCO buffer stock manager to buy 5,000 tonnes cocoa Tuesday, June 2 - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6072" NEWID="17734">
+<DATE> 1-JUN-1987 14:50:18.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2153&#31;reute
+r f BC-HAYES-MICROCOMPUTER-A   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAYES MICROCOMPUTER ANNOUNCES NEW MODEMS</TITLE>
+<DATELINE>    NORCORSS, Ga., June 1 - </DATELINE><BODY>&lt;Hayes Microcomputer Products Inc>
+said it has introduced five new V-series system products and a
+new generation communication software package, Smartcom III.
+    Hayes said the new V-series includes the V-Series
+Smartmodem 9600, V-Series Smartmodem 9600B, V-Series Smartmodem
+2400 and V-series Smartmodem 2400B.
+    These products provide error control, adaptive data
+compression and automatic feature negotiation, Hayes said.
+    Hayes also said it has established a network of dealers and
+distributors aurthorized to sell the new products.
+    The company also said it has introduced a V-series Modem
+Enhancer and has reduced the estimated retail prices on its
+current modem product line.
+    Its other new product, the Smartcom III, is a
+communications program for the International Business Machines
+Corp &lt;IBM> PC, Compaq Computer &lt;CPQ> and compatible personal
+computers, the company said.
+    Hayes said it has priced the Smartmodem 9600 at 1,299 dlrs,
+Smartmodem 9600B at 1,199 dlrs (1,299 dlrs with Smartcom III),
+V-Series Smartmodem 2400 at 899 dlrs and V-series Smartmodem
+2400B at 849 dlrs (899 dlrs with Smartcom).
+    In addition, Hayes said that following an introductory
+promotional price of 199 dlrs  until September 30, the V-series
+modem enhancer will have an estimated retail price of 349 dlrs.
+    Smartcom III will be priced at 249 dlrs, Hayes said, adding
+that all products will be available this month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6073" NEWID="17735">
+<DATE> 1-JUN-1987 14:51:19.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2155&#31;reute
+d f BC-GULL-&lt;GLL>-GETS-MCDON   06-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULL &lt;GLL> GETS MCDONELL DOUGLAS &lt;MD> CONTRACT</TITLE>
+<DATELINE>    SMITHTOWN, N.Y., June 1 - </DATELINE><BODY>Gull Inc said it has received a
+contract initially worth about 1,500,000 dslrs to supply
+McDonnell Douglas Corp with the control system for an On-Board
+Inert Gas Generating System to be used in the new C-17A
+military transport cargo airport.
+    It said under production options in the coutract, it could
+supply controllers for up to 210 aircraft, raising the value of
+the contract to over 25 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6074" NEWID="17736">
+<DATE> 1-JUN-1987 14:52:17.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2158&#31;reute
+d f BC-LODGISTIX-&lt;LDGX.O>-OP   06-01 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LODGISTIX &lt;LDGX.O> OPENS OFFICE IN CANADA</TITLE>
+<DATELINE>    WICHITA, Kan., June 1 - </DATELINE><BODY>Lodgistix Inc said it is expanding
+distribution in Canada of its automated property management
+systems for hotel and resorts with the opening of a new ssales
+office in Calgary, Alberta.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6075" NEWID="17737">
+<DATE> 1-JUN-1987 14:59:13.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2169&#31;reute
+r f BC-US-WEST-&lt;USW>-UNIT-WI   06-01 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US WEST &lt;USW> UNIT WINS POINT-OF-SALE CONTRACT</TITLE>
+<DATELINE>    OMAHA, Neb., June 1 - </DATELINE><BODY>US West Information Systems said it
+completed an agreement with the Australia and New Zealand
+Banking Group Ltd &lt;ANZA.S> to provide a turnkey installation of
+hardware, software and support services for a nationwide
+point-of-sale network in Australia.
+    Financial terms of the five-year agreement were not
+disclosed. US West Information Systems is a unit of US West
+Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6076" NEWID="17738">
+<DATE> 1-JUN-1987 14:59:23.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2170&#31;reute
+r f BC-CO-OPERATIVE-&lt;COBK.O>   06-01 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CO-OPERATIVE &lt;COBK.O> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    ACTON, Mass., June 1 - </DATELINE><BODY>Co-operative Bancorp said it
+completed the acquisition of all the issued and outstanding
+stock of the Quincy Co-operative Bank &lt;QBCK.O>.
+    Under the agreement, Quincy stockholders will receive 30
+dlrs cash for each share owned of the Quincy Co-operative Bank,
+for a total transaction of approximately 50 mln dlrs,
+Co-operative said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6077" NEWID="17739">
+<DATE> 1-JUN-1987 14:59:44.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2173&#31;reute
+d f BC-EPSCO-&lt;EPSC.O>-GETS-R   06-01 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EPSCO &lt;EPSC.O> GETS RAYTHEON &lt;RTN> CONTRACTS</TITLE>
+<DATELINE>    WESTWOOD, Mass., June 1 - </DATELINE><BODY>EPSCO Inc said it has receiveed
+contracts worth 2,800,000 dlrs from Raytheon Co for
+high-powered microwave components and antenna feed subsystems
+for use on the Patriot air defense missile system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6078" NEWID="17740">
+<DATE> 1-JUN-1987 14:59:50.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2174&#31;reute
+d f BC-NATIONAL-HEALTHCARE-&lt;   06-01 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL HEALTHCARE &lt;NHC> OPENS CENTER</TITLE>
+<DATELINE>    MURFREESBORO, Tenn., June 1 - </DATELINE><BODY>National HealthCorp LP said
+it has opened a 120-bed nursing care and phsical therapy center
+in Pensacola, Fla., called Palm Gardens of Pensacola.
+    It said it manages the center for owner Florida
+Convalescent Centers Inc.       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6079" NEWID="17741">
+<DATE> 1-JUN-1987 15:00:40.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2177&#31;reute
+f f BC-******REAGAN-TO-CALL   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REAGAN TO CALL FOR WEST GERMAN AND JAPANESE ECONOMIC GROWTH AT VENICE SUMMIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6080" NEWID="17742">
+<DATE> 1-JUN-1987 15:00:48.13</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2178&#31;reute
+f f BC-******REAGAN-SAYS-U.S   06-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REAGAN SAYS U.S., ALLIES MUST HONOR ACCORDS ON EXCHANGE RATE STABILITY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6081" NEWID="17743">
+<DATE> 1-JUN-1987 15:01:50.78</DATE>
+<TOPICS><D>acq</D><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2186&#31;reute
+r f BC-MONSANTO-&lt;MTC>-TO-ACQ   06-01 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONSANTO &lt;MTC> TO ACQUIRE RHONE-POULENC ASSETS</TITLE>
+<DATELINE>    ST. LOUIS, June 1 - </DATELINE><BODY>Monsanto Co said it is acquiring
+certain commerical assets of &lt;Rhone-Poulenc Chimie's>
+polyphenyl business.
+    Terms of the transaction were not disclosed.
+    Among the assets being acquired are its polyphenyl business
+worldwide, including biphenyl and the heat transfer fluid
+Gilotherm TH, together with associated manufacturing and
+application technology, Monsanto said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6082" NEWID="17744">
+<DATE> 1-JUN-1987 15:01:59.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2187&#31;reute
+r f BC-PEPSICO-&lt;PEP>-NEW-JER   06-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEPSICO &lt;PEP> NEW JERSEY BOTTLING UNIT ON STRIKE</TITLE>
+<DATELINE>    PURCHASE, N.Y., June 1 - </DATELINE><BODY>The New Jersey operations of
+Pepsico Inc's Pepsicola Bottling Group in the New York
+metropolitan area have been struck by Teamsters Union Local
+125, a Pepsico spokesman said.
+    He said the company has hired temporary drivers to cover
+deliveries from the struck warehouses in West Caldwell, North
+Brunswick, Moonachie and South Carney.
+    Also struck were the company's manufacturing operations at
+Teeterboro and its food service operations at Hasbrouck
+Heights, the spokesman added.
+    The Pepsico spokesman said the company's contract with the
+union expirted at 2400 EDT yesterday.
+    He said the company reached a tentative agreement with the
+union Friday after five weeks of negotiations which was
+rejected by the rank and file in a vote Saturday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6083" NEWID="17745">
+<DATE> 1-JUN-1987 15:02:18.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2189&#31;reute
+r f BC-INTERNATIONAL-RESEARC   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL RESEARCH &lt;IRDV.O> SEES HIGHER NET</TITLE>
+<DATELINE>    MATTAWAN, Mich., June 1 - </DATELINE><BODY>International Research and
+Development Corp's earnings per share in its second quarter
+should be higher than the three cts a share earned in the 1986
+period, president Francis X. Wazeter told shareholders.
+    He said share earnings in this year's second period will be
+about the same as the six cts a share earned in the 1987 first
+period.
+    Wazeter said earnings per share this year should be higher
+than the 15 cts a share made last year, and revenues from
+studies in progress will be higher than last year's revenues of
+16.1 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6084" NEWID="17746">
+<DATE> 1-JUN-1987 15:02:46.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2192&#31;reute
+r f BC-INFO-DATA-TO-ACQUIRE   06-01 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INFO-DATA TO ACQUIRE USA OUTDOOR ADVERTISING</TITLE>
+<DATELINE>    DEERFIELD BEACH, Fla., June 1 - </DATELINE><BODY>&lt;Info-Data Inc> said it
+will acquire &lt;USA Outdoor Advertising Inc> of Jacksonville,
+Fla., in exchange for stock.
+    USA Outdoor Advertising was acquired for 62.4 pct of the
+outstanding shares of Info-Data Inc, the company said.
+    Info-Data said it plans to change its name to USA Outdoor
+Advertising Inc to reflect the change in the company's
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6085" NEWID="17747">
+<DATE> 1-JUN-1987 15:03:11.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2194&#31;reute
+u f BC-/REAGAN-CALLS-FOR-W.   06-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN CALLS FOR W. GERMAN, JAPANESE GROWTH</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>President Reagan said he will use the
+annual economic summit of major industrialized countries to
+press for economic expansion by West Germany and Japan.
+    In a pre-summit speech at the White House, Reagan said that
+preserving a growing world economy was the business of every
+member of the world trading community.
+    "It will be made clear, especially to our friends in Japan
+and the Federal Republic of Germany that growth-oriented
+domestic policies are needed to bloster the world trading
+system on which they depend," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6086" NEWID="17748">
+<DATE> 1-JUN-1987 15:03:19.66</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2195&#31;reute
+u f BC-/REAGAN-URGES-FULFILL   06-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN URGES FULFILLMENT OF EXCHANGE ACCORDS</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>President Reagan, preparing to depart
+for the Venice economic summit on Wednesday, said the United
+States and its allies must fulfill agreements on exchange rate
+stability.
+    "Economic policy decisions made last year in Tokyo, and at
+this year's meetings of Group of 7 Finance ministers in Paris
+and in Washington, cannot be ignored or forgotten," he said.
+    "The commitments made at these meetings need to be
+translated into action," Reagan said in a pre-summit speech
+celebrating the 40th anniversary of the Marshall Plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6087" NEWID="17749">
+<DATE> 1-JUN-1987 15:03:26.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2196&#31;reute
+r f BC-UNI-MARTS-&lt;IMMA.O>-AC   06-01 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNI-MARTS &lt;IMMA.O> ACQUIRES GAS-N-ALL STORES</TITLE>
+<DATELINE>    STATE COLLEGE, Pa., June 1 - </DATELINE><BODY>Uni Marts Inc said it acquired
+seven &lt;Gas-N-All Inc> convenience stores for an undisclosed
+amount of cash.
+    The acquisition bring to 228 the number of convenience
+stores owned by Uni-Marts, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6088" NEWID="17750">
+<DATE> 1-JUN-1987 15:04:24.68</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D><D>canada</D><D>italy</D><D>france</D><D>west-germany</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2201&#31;reute
+u f AM-SUMMIT-REAGAN***URGEN T-(EMBARGOED)  06-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN HINTS U.S. WANTS HELP IN PATROLLING GULF</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>President Reagan said he would discuss
+the Mideast Gulf situation with allied leaders at next week's
+Venice economic summit and hinted he would seek their help in
+preserving free navigation.
+    In a speech prepared for delivery as the United States made
+plans to protect 11 Kuwaiti oil tankers from Iranian attack,
+Reagan said the American people were aware that "it is not our
+interests alone that are being protected."
+    Saying that allied dependence on gulf oil was no secret,
+Reagan declared, "During the upcoming summit in Venice, we will
+be discussing the common security interests shared by the
+western democracies in the MIDEAST Gulf.
+    "The future belongs to the brave. Free men should not cower
+before such challenges, and they should not expect to stand
+alone."
+    Reagan will meet the leaders of Britain, France, West
+Germany, Italy, Canada and Japan at the economic summit, which
+will take place in Venice June 8-10.
+   
+    The 13th annual top-level meeting of the major industrial
+democracies will take place against a backdrop of rising
+congressional concern over Reagan's plan to protect gulf
+shipping and demands that the allies do more.
+     These concerns were heightened by the May 17 Iraqi missile
+attack on the U.S. frigate Stark which killed 37 seamen.
+    "They died while guarding a chokepoint of freedom, deterring
+aggression and reaffirming America's willingness to protect its
+vital interests," Reagan said.
+   
+    In a pre-summit speech celebrating the 40th anniversary of
+the Marshall Plan, Reagan, who spoke to an audience of foreign
+affairs experts, also pledged to push for economic expansion by
+West Germany and Japan to bolster the world trading system.
+    "While the vibrancy of the U.S. economy has contributed
+enormously to the world expansion, preserving a growing world
+economy is the business of every member of the world trading
+community," he said.
+   
+    "It will be made clear, especially to our friends in Japan
+and the Federal Republic of Germany, that growth-oriented
+domestic policies are needed to bolster the world trading
+system on which they depend."
+    Reagan coupled this appeal with a call for compliance with
+allied accords on exchange rate stability.
+    "Economic policy decisions made last year in Tokyo and at
+this year's meetings of Group of Seven finance ministers in
+Paris and in Washington cannot be ignored or forgotten," he
+said. "The commitments made at these meetings need to be
+translated into action."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6089" NEWID="17751">
+<DATE> 1-JUN-1987 15:05:10.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2208&#31;reute
+r f BC-MERRILL-CORP-&lt;MRLL.O>   06-01 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL CORP &lt;MRLL.O> 1ST QTR APRIL 30 NET</TITLE>
+<DATELINE>    ST. PAUL, Minn., June 1 -
+    </DATELINE><BODY>Shr 21 cts vs 20 cts
+    Net 965,000 vs 726,000
+    Revs 13.4 mln vs 11.8 mln
+    Avg shrs 4,606,242 vs 3,624,528
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6090" NEWID="17752">
+<DATE> 1-JUN-1987 15:05:15.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2209&#31;reute
+r f BC-ADVANCED-TELECOMMUNIC   06-01 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED TELECOMMUNICATIONS &lt;ATEL.O> TO BUY CO</TITLE>
+<DATELINE>    ATLANTA, Ga., June 1 - </DATELINE><BODY>Advanced Telecommunications Corp
+said it reached an agreement in principle to purchase &lt;Teltec
+Savings Communications Co>, a long distance telephone service
+in Florida.
+    The proposed acquisition price is approximately 17.5 mln
+dlrs in cash, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6091" NEWID="17753">
+<DATE> 1-JUN-1987 15:05:20.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2210&#31;reute
+d f BC-ODETICS-INC-&lt;OA/OB>-4   06-01 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ODETICS INC &lt;OA/OB> 4TH QTR MARCH 31 NET</TITLE>
+<DATELINE>    ANAHEIM, Calif., June 1 -
+    </DATELINE><BODY>Shr seven cts vs eight cts
+    Net 278,000 vs 340,000
+    Revs 11.4 mln vs 8,871,000
+    Year
+    Shr three cts vs one ct
+    Net 113,000 vs 33,000
+    Revs 39.7 mln vs 33.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6092" NEWID="17754">
+<DATE> 1-JUN-1987 15:12:30.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2232&#31;reute
+r f BC-FDIC-CHIEF-SAYS-MORE   06-01 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDIC CHIEF SAYS MORE BANKS WILL BUILD RESERVES</TITLE>
+<DATELINE>    SAN FRANCISCO, June 1 - </DATELINE><BODY>Federal Deposit Insurance Corp
+Chairman L. William Seidman told a bankers' meeting he thinks
+more banks will follow Citicorp &lt;CCI> and Chase Manhattan &lt;CMB>
+in building up their reserves to meet Latin American debt
+problems.
+    Seidman, speaking to an American Bankers Association trade
+conference, said he did not think regulators would play as big
+a role in encouraging banks to build up their loan-loss
+reserves as the marketplace would.
+   
+    My guess is that we as regulators won't become the key
+factor. I think the market system will get most of the other
+banks to follow suit," Seidman told some 3,000 executives
+attending the ABA's National Operations and Automation
+Conference.
+    In the past two weeks, Citicorp has added three billion
+dlrs and Chase Manhattan, 1.6 billion dlrs, to their loan-loss
+reserves.
+   
+    "I think that most banks are going to find it irresistible
+to move forward on the same type of reserving because, if they
+don't, their future earnings will be penalized as they hold up
+their reserves on a quarter-by-quarter basis," Seidman said.
+    He said Chase and Citibank, by setting aside huge amounts
+at one time,  have put their losses behind them and will show
+much better future earnings.
+    That, he said, will put pressure on more banks to follow
+suit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6093" NEWID="17755">
+<DATE> 1-JUN-1987 15:19:06.67</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>oilseed</D></TOPICS>
+<PLACES><D>usa</D><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2252&#31;reute
+d f BC-ADDITIONAL-CCC-CREDIT   06-01 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADDITIONAL CCC CREDIT GUARANTEES FOR KOREA--USDA</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>The Commodity Credit Corporation (CCC)
+has reallocated 50.0 mln dlrs in credit guarantees from the
+previously announced undesignated line to provide additional
+guarantees for sales of feedgrains, oilseeds, and wheat to
+South Korea, the U.S. Agriculture Department said.
+    The department said the action increases the feed grains
+line by 23 mln dlrs to 63 mln, the oilseed line by seven mln
+dlrs to 52 mln, and the wheat guarantee line by 20 mln to 165
+mln dlrs.
+    The undesignated line is reduced to zero.
+    The commodities are for delivery during the current fiscal
+year ending this September 30, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6094" NEWID="17756">
+<DATE> 1-JUN-1987 15:19:30.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2253&#31;reute
+d f BC-FDIC-CHIEF-SAYS-MORE   06-01 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE U.S. BANKS SEEN BUILDING LOSS RESERVES</TITLE>
+<DATELINE>    SAN FRANCISCO, June 1 - </DATELINE><BODY>Federal Deposit Insurance
+Corporation Chairman L. William Seidman told a bankers' meeting
+he thinks more banks will follow Citicorp and Chase Manhattan
+in building up their reserves to meet Latin American debt
+problems.
+    Seidman, speaking to an American Bankers Association trade
+conference, said he did not think regulators would play as big
+a role in encouraging banks to build up their loan-loss
+reserves as the marketplace.
+    "My guess is that we as regulators won't become the key
+factor. I think the market system will get most of the other
+banks to follow suit," Seidman said.
+    In the past two weeks, Citicorp added three billion dlrs
+and Chase Manhattan 1.6 billion to loan-loss reserves.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6095" NEWID="17757">
+<DATE> 1-JUN-1987 15:19:58.13</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2254&#31;reute
+b f BC-******BASIN-PIPELINE   06-01 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BASIN PIPELINE TEXAS/OKLA BORDER WASHED OUT BY FLOODS SOME 300,000 BPD CRUDE AFFECTED.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6096" NEWID="17758">
+<DATE> 1-JUN-1987 15:25:11.24</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2259&#31;reute
+u f BC-CCC-INTEREST-HIGHER-I   06-01 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC INTEREST HIGHER IN JUNE, USDA SAYS</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Interest rates on commodity loans
+disbursed by the Commodity Credit Corporation (CCC) this month
+will carry a 6-7/8 pct interest rate, the U.S. Agriculture
+Department said.
+    That is up from the May rate of 6-1/4 pct and reflects the
+interest rate charged the CCC by the U.S. Treasury in June,
+USDA noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6097" NEWID="17759">
+<DATE> 1-JUN-1987 15:25:19.40</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2260&#31;reute
+u f BC-ANDRIESSEN-HINTS-OIL   06-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANDRIESSEN HINTS FATS/OIL TAX COULD GO TO SUMMIT</TITLE>
+<DATELINE>    HEVEREN, Belgium, June 1 - </DATELINE><BODY>European Community (EC)
+Agriculture Commissioner Frans Andriessen said his proposal for
+a tax of up to 330 European Currency Units per tonne on oils
+and fats was likely to go up for discussion at next week's
+summit meeting of EC leaders.
+    EC farm ministers have been unable to agree the tax, one of
+the main items proposed by Andriessen for the 1987-88 farm
+price package.
+    The tax, which would apply on both domestically-produced
+and imported oils and fats, has been fiercely opposed by the
+United States and developing countries' vegetable and marine
+oil producers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6098" NEWID="17760">
+<DATE> 1-JUN-1987 15:26:25.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2262&#31;reute
+b f BC-BILZERIAN-PREPARED-TO   06-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BILZERIAN PREPARED TO TENDER FOR PAY N'PAK &lt;PNP></TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Investor Paul Bilzerian said if Pay N'
+Pak Stores Inc enters into a merger accord with him he will
+immediately begin a tender offer for 7.5 mln shares for 20 dlrs
+per share in cash.
+    Bilzerian told Reuters he believes his offer is superior to
+a leveraged buyout proposal disclosed in an announcement by the
+company this morning.
+    The company said it is evaluating both proposals.
+Bilizerian said he was optimistic his offer will be accepted at
+a meeting of the board of directors Wednesday. Officials of Pay
+N' Pak did were not immediately available for comment.
+ 
+    Bilzerian said he has a pool of 150 mln dlrs raised by
+Shearson Lehman Brothers Inc available for the tender and "we
+may add a bank to that."
+    "We've submitted an agreement we're prepared to sign," he
+said. Shares not accepted in Bilzerian's tender would be
+exchangeable for 20 dlrs in convertible preferred stock.
+    Asked what would happen if the leveraged buyout group,
+which the company did not identify, topped his offer between
+now and the board meeting, Bilzerian said he expected an
+opportunity to respond.
+    Pay N' Pak gave no details about the buyout group, but did
+say the offer was contingent on financing and on an agrreement
+regarding management's equity participation.
+    Bilzerian said it was his understanding that the management
+particpation was "nominal."
+    Pay N' Pak fell 1-1/2 to 19. Arbitrageurs said there was
+disappointment that neither of the offers topped 20 dlrs.
+    "We were expecting an offer north of (above) 21 or 22
+dlrs," said one arbitrageur. The leveraged buyout plan was for
+17.50 dlrs per share in cash and 2.50 dlrs in 13-1/2 pct
+cumulative preferred stock.
+
+    Robert Cheadle, analyst at Montgomery Securities, said "you
+have to ask yourself why no one in the industry made a bid."
+    Scott Drysdale, analyst at Birr Wilson Securities, said the
+company has not made the best strategic moves over the years.
+"They have not done the right things at the right time," he
+said, and as a result earnings per share have steadily declined
+since 1984. The 57 cts per share in earnings reported for the
+fiscal year ended in February was lower than 1978's earnings,
+he said. Earnings totaled 5.7 mln dlrs on revenue of 398.4 mln
+dlrs.
+    Drysdale said Pay N' Pak has better trained sales people
+than many competitors, but it competes on price even though
+competitors have lower costs. The result is squeezed margins.
+He noted that there have been no other publicly identified
+bidders stepping forward since the company rejected an earlier
+Bilzerian proposal in mid-April.
+    Another arbitrageur said it might not be too late for
+another bidder to get in the game. He speculated that someone
+in the same home improvement business might be able to offer a
+deal for stock that would top both the buyout proposal and
+Bilzerian's plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6099" NEWID="17761">
+<DATE> 1-JUN-1987 15:27:00.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2264&#31;reute
+u f BC-TORONTO-SUN-&lt;TSP.TO>   06-01 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TORONTO SUN &lt;TSP.TO> RAISES DIVIDEND</TITLE>
+<DATELINE>    Toronto, June 1 - </DATELINE><BODY>Toronto Sun Publishing Corp said it
+raised its semi-annual dividend to five cts per share, pay June
+15, record June nine
+    The company said the annual dividend rate, now ten cts per
+share, is an increase of 33 pct after adjusting for a two for
+one split of the common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6100" NEWID="17762">
+<DATE> 1-JUN-1987 15:29:27.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2267&#31;reute
+f f BC-******FORSTMANN-LITTL   06-01 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORSTMANN LITTLE AND CO SAID IT PLANS TO SELL SYBRON CORP UNIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6101" NEWID="17763">
+<DATE> 1-JUN-1987 15:31:01.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2270&#31;reute
+r f BC-PHARMACONTROL-&lt;PHAR.O   06-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHARMACONTROL &lt;PHAR.O> ACQUIRES REVCO UNIT</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., June 1 - </DATELINE><BODY>PharmaControl Corp said it
+acquired Private Formulations Inc from &lt;Revco D.S. Inc> for six
+mln dlrs in cash, a 13,550,000 dlr promissory note and warrants
+to buy 200,000 PharmaControl common shares.
+    PharmaControl said the purchase price was financed, along
+with one mln dlrs in working capital, through secured
+institutional financing.
+    The company said betweenm 11,550,000 dlrs and 12,550,000
+dlrs f the principal amount of the Revco note, plus accrued
+interest, is payable June 30. The balance is payable over three
+years.
+    PharmaControl said it expects to make the payment due to
+Revco from proceeds of a proposed offering of units consisting
+of convertible subordinated debenturers and common stock
+currently on file with the Securities and Exchange Commission.
+    Upon closing of the public offering, the company said, it
+expects the secured institutional financing to increase to a
+total of 12 mln dlrs.
+    Private Formulations is primarily engaged in the
+manufacture and distribution of vitamins and private label
+over-the-counter pharmaceutical products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6102" NEWID="17764">
+<DATE> 1-JUN-1987 15:31:30.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2273&#31;reute
+f f BC-m*****allied-signal-s   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALLIED-SIGNAL SAID IT SOLD MPB CORP FOR 145 MLN DLRS, ASSUMPTION OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6103" NEWID="17765">
+<DATE> 1-JUN-1987 15:32:24.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2280&#31;reute
+r f BC-DEAN-FOODS-&lt;DF>-PICKS   06-01 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEAN FOODS &lt;DF> PICKS CHIEF EXECUTIVE</TITLE>
+<DATELINE>    FRANKLIN PARK, Ill., June 1 - </DATELINE><BODY>Dean Foods Co said its board
+elected Howard M. Dean, the company's president, to succeed
+Kenneth J. Douglas as chief executive officer of the firm.
+    Kenneth will replace Douglas, who is also chairman, on
+October one, Douglas' 65th birthday. Douglas will remain
+chairman.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6104" NEWID="17766">
+<DATE> 1-JUN-1987 15:32:32.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2281&#31;reute
+r f BC-FISHER-SHAREHOLDER-IN   06-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FISHER SHAREHOLDER INDECISIVE OVER STOCK BUY</TITLE>
+<DATELINE>    BEDFORD HEIGHTS, Ohio, June 1 - </DATELINE><BODY>Fisher Foods Inc &lt;FHR> said
+&lt;5300 Richmond Road Corp>, its largest shareholder, has not yet
+reached a definitive decision about whether it will buy more
+Fisher stock through a possible merger, tender offer or another
+acquisition proposal.
+    5300 is a Delaware corporation formed by &lt;American Seaways
+Foods Inc>, &lt;Rini Holding Co> and &lt;Rego Companies> which owns
+1.5 mln shares of Fisher, or about 44 pct of its outstanding
+common stock.
+    Fisher said 5300 had announced on April 20 that they would
+make a decision on June 1 about the move.
+    Fisher said 5300 also told it they will continue to explore
+possible advantages and disadvantages of various acquisition
+proposals.
+    5300 also said it is continuing to discuss with various
+financial groups about possible financing for such a move, but
+gave no indication of when any financing or proposal would be
+finalized, Fisher said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6105" NEWID="17767">
+<DATE> 1-JUN-1987 15:33:09.66</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2285&#31;reute
+f f BC-ussr-export-sale   06-01 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 150,000 TONNES OF  BARLEY SOLD TO SAUDI ARABIA FOR 1987/88-USDA
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6106" NEWID="17768">
+<DATE> 1-JUN-1987 15:33:45.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>tanzania</D><D>rwanda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ida</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2287&#31;reute
+d f BC-IDA-EXTENDS-37.1-MLN   06-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDA EXTENDS 37.1 MLN DLRS IN AFRICA LOANS</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>The World Bank said it will provide
+37.1 mln dlrs to Tanzania and Rwanda through the International
+Development Association (IDA), the bank's concessionary lending
+affiliate.
+    Tanzania will recieve a 23 mln dlr IDA loan to help
+rehabilitate its telecommunications network, the bank said.
+    The 14.1 mln dlr IDA loan to Rwanda will help finance
+tropical forest conservation projects and a reforestation
+program, the bank said.
+    The IDA credit is for 50 years, including 10 years of
+grace, and carries no interest, the bank said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6107" NEWID="17769">
+<DATE> 1-JUN-1987 15:36:08.46</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>usa</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2292&#31;reute
+b f BC-ussr-export-sale   06-01 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARLEY SOLD TO SAUDI ARABIA  - USDA</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Private exporters reported sales of
+150,000 tonnes of barley to Saudi Arabia for delivery in the
+1987/88 season, the U.S. Agriculture Deapartment said.
+    The 1987/88 season for barley begins today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6108" NEWID="17770">
+<DATE> 1-JUN-1987 15:37:39.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2297&#31;reute
+u f BC-U.S.-BANCORP-&lt;USBC.O>   06-01 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANCORP &lt;USBC.O> HAS ACQUISITION APPROVAL</TITLE>
+<DATELINE>    PORTLAND, Ore., June 1 - </DATELINE><BODY>U.S. Bancorp (Oregon) said it has
+been advised orally that its application for the acquisition of
+Old National Bancorp has been approved by the Board of
+Governors of the Federal Reserve.
+    The company said it has also been advised that it has
+received Fed approvals for its acquisition of Heritage Bank of
+Camas, Wash., and for its conversion of its subsidiary, U.S.
+Thrift and Loan of Salt Lake City, Utah, into a commercial
+bank.
+    In January U.S. Bancorp and Old National reached a
+definitive agreement covering the acquisition of all the stock
+of Old National which it does not already own for 171 mln dlrs.
+    U.S. Bancorp currently owns 4.9 pct of Old National's
+stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6109" NEWID="17771">
+<DATE> 1-JUN-1987 15:39:16.49</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nymex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2301&#31;reute
+u f BC-MAJOR-U.S.-OIL-PIPELI   06-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR U.S. OIL PIPELINE SHUT DOWN BY FLOODS</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Flooding in the Red River on the
+Texas/Oklahoma border has shut down the Basin Pipeline, a
+24-inch pipeline that transports as much as 300,000 barrels per
+day of sweet and sour crudes from Texas to Cushing, Okla, a
+Texaco Pipeline Co spokesman confirmed.
+    "The water is rushing by so fast that we can't get any
+divers down to assess the damage but there is some possibility
+that the pipeline could be up by the end of the week," a company
+source said.
+    The pipeline transmits roughly two-thirds sour crude and
+one-third sweet crude oil from the Midland, Texas region.
+    Texaco sources said that if the pipeline service is
+restored by Friday there would be little problem in restoring
+oil which has been lost to the flood.
+    "But if the pipeline is down more than 10 days it will be
+difficult to make up without prorationing and we would not like
+to proration this pipeline, if we don't have to."
+    The Basin Pipeline is jointly owned by Atlantic Richfield
+Corp &lt;ARC>, Shell Oil Co, a subsidiary of the Royal Dutch/Shell
+Group &lt;RD> and Texaco Inc &lt;TX>, which is the pipeline's
+operator.
+     Peter Beutel, analyst at Elders Futures Inc, said crude
+oil futures contracts on New York Mercantile Exchange rose to
+new highs this afternoon following news of the pipeline break.
+    July crude futures of West Texas Intermediate traded up to
+19.60 dlrs a barrel, a rise of more than 20 cts.
+    Cash market prices also firmed on the news with sellers of
+WTI raising offers to 19.60 dlrs a barrel.
+    Sour crudes, which would be most affected by the pipeline
+shutdown, however, were slow to react to the news with West
+Texas Sour and Alaska North Slope holding 50 cts to one dlr a
+barrel below WTI, respectively.
+    Dan Stevens, manager of public and government affairs at
+Texaco, said the company hopes to fix the pipeline in five days
+but that will depend on when the water level of the Red River
+recedes. There is already evidence that the water level is
+dropping and it appears the rain has stopped in the area
+affecting the pipeline, Stevens said.
+    He said the segment of the pipeline that was damaged was
+underground and at a distance from the Red River that flooded.
+The pipeline runs over the Red River and under the subsoil
+nearby, according to Stevens. He said some of this subsoil was
+apparently washed away.
+   
+    The potential for environmental damage is being downplayed
+at this time despite the volume of oil that runs through this
+line.
+    Texaco's Stevens said that aerial surveillance has not
+found any crude on the water in the river or in Lake Texoma,
+which is nearby.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6110" NEWID="17772">
+<DATE> 1-JUN-1987 15:44:31.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2309&#31;reute
+r f BC-UNISYS-&lt;UIS>-TO-REDEE   06-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNISYS &lt;UIS> TO REDEEM 7-1/4 PCT CONVERTIBLES</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Unisys Corp said it will redeem on July
+one all of its outstanaing 200 mln dlrs of 7-1/4 pct
+convertible subordinated debentures of 2010.
+    It will buy back the convertibles at 106.525 pct of 1,000
+dlr par value, plus accrued interest.
+    Unisys also said it expected that substantially all of the
+debentures will be surrendered for conversion into its common
+stock. Each 1,000 dlr debenture is convertible into 12.88
+shares of common before the close of business on June 26.
+    The company the conversion of the debt to equity would
+strengthen its capital structure.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6111" NEWID="17773">
+<DATE> 1-JUN-1987 15:44:43.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2310&#31;reute
+r f BC-BRITISH-LAND-OF-AMERI   06-01 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH LAND OF AMERICA INC &lt;BLA> YEAR MARCH 31</TITLE>
+<DATELINE>    NEW YORK, June 1 -
+    </DATELINE><BODY>Shr loss 36 cts vs loss 57 cts
+    Net loss 4,589,000 vs loss 7,339,000
+    Revs 19.9 mln vs 19.6 mln
+    Avg shrs 14.7 mln vs 13.3 mln
+    NOTE: Company is a subsidiary of &lt;British Land Co PLC>
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6112" NEWID="17774">
+<DATE> 1-JUN-1987 15:46:15.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2315&#31;reute
+d f BC-FIRST-PHILADELPHIA-UN   06-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST PHILADELPHIA UNIT FILES FOR CHAPTER 11</TITLE>
+<DATELINE>    PHILADELPHIA, June 1 - </DATELINE><BODY>&lt;First Philadelphia Corp> said its
+Computone Systems Inc unit filed a chapter 11 plan for with the
+U.S. Bankruptcy Court in Atlanta.
+    Subject to confirmation by the court of the plan, the
+assets of Computone's two operating divisions would be
+transferred to CPX Inc, a wholly-owned subsidiary of First
+Philadelphia, the company said.
+    First Philadelphia said it is in the process of raising
+1,750,000 dlrs to complement it initial investment of 750,000
+dlrs to fund the cost of the reorganization and provide ongoing
+capital for existing Computone businesses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6113" NEWID="17775">
+<DATE> 1-JUN-1987 15:48:06.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2324&#31;reute
+b f BC-FORSTMANN-LITTLE-AND   06-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORSTMANN LITTLE AND CO TO SELL UNIT</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>&lt;Forstman Little and Co> said it plans
+to sell its Sybron Corp unit, a leading maker and marketer of
+dental and laboratory products, for an undisclosed sum.
+    Forstmann Little said it acquired Sybron in February 1986
+and since that time Sybron has been substantially restructured,
+with new management, lower corporate overhead and a new
+location in Saddle Brook, N.J.
+    Fortsmann Little said &lt;Goldman Sachs and Co> will act as
+its financial advisor for the move. It added that Sybron
+expects revenues for the current fiscal year of 242 mln dlrs
+with operating income of about 51 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6114" NEWID="17776">
+<DATE> 1-JUN-1987 15:53:17.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2333&#31;reute
+b f BC-TAKEOVER-SPECULATION   06-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAKEOVER SPECULATION LIFTS HUTTON &lt;EFH> SHARES</TITLE>
+<DATELINE>    New York, June 1 - </DATELINE><BODY>E.F. Hutton Group Inc shares rose on
+speculation the company would receive a takeover offer, traders
+said.
+    Hutton's stock also was affected by a newspaper report that
+First Boston Corp &lt;FBC> accumulated almost five pct of Hutton's
+stock on behalf of an outside client, traders said. Traders
+said the story, which appeared in USA Today, added speculation
+which began on the street last week. They said there were
+rumors the stock was under accumulation and speculation
+abounded the company would soon receive an offer. A Hutton
+official declined comment. Hutton's stock rose 2-1/4 to 39-3/8.
+    Hutton several months ago rejected a buyout offer from
+Shearson Lehman Brothers Inc &lt;SHE>. The newspaper story
+mentioned speculation American Express Co &lt;AXP>, the parent of
+Shearson, was a possible buyer. But traders said the rumors
+today did not name buyers. First Boston officials were not
+immediatley available for comment.
+    Prudential Bache analyst Larry Eckenfelder said he doubted
+the speculation about American Express. He said he believed
+Hutton, which is occassionally surrounded by rumors, moved up
+today as a result of the newspaper article. "Hutton is still a
+takeover candidate," said Eckenfelder.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6115" NEWID="17777">
+<DATE> 1-JUN-1987 16:02:28.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2350&#31;reute
+u f BC-WRATHER   06-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONG KONG FIRM UPS WRATHER &lt;WCO> STAKE TO 28 PCT</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Industrial Equity (Pacific) Ltd, a
+Hong Kong investment firm, said it raised its stake in Wrather
+Corp to 2,025,850 shares, or 28.1 pct of the total outstanding
+common stock, from 1,808,700 shares, or 25.1 pct.
+    In a filing with the Securities and Exchange Commission,
+Industrial Equity, which is principally owned by Brierley
+Investments Ltd, a publicly held New Zealand firm, said it
+bought 217,150 Wrather common shares on May 28 and 29 at 20.00
+dlrs a share, or 4.3 mln dlrs total.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6116" NEWID="17778">
+<DATE> 1-JUN-1987 16:06:03.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2357&#31;reute
+b f BC-ALLEGIS-&lt;AEG>-FILING   06-01 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGIS &lt;AEG> FILING MAY BE LATER THIS WEEK</TITLE>
+<DATELINE>    New York, June 1 - </DATELINE><BODY>Allegis Corp may file its plan of
+recapitalization with the Securities and Exchange Commission
+later this week, a company spokesman said.
+    The spokesman also said the company has no comment on
+Coniston Partners plan to carry out its solicitation of
+consents from shareholders to remove Allegis directors.
+    Coniston proposes replacing the board of directors with its
+own candidates and then selling off one or more units of
+Allegis. Allegis, apparently in response to takeover activity,
+announced a sweeping recapitalization plan, which will give
+shareholders 60 dlrs per share.
+    Allegis shares came under pressure from institutional
+selling today. The stock slipped 1-3/8 to 85-1/8 on volume of
+more than 1.6 mln shares. Traders said there was also
+arbitrage-related buying.
+    PaineWebber Group analyst Edward Starkman said institutions
+and other long-term holders may want to cash in their gains
+instead of waiting for the company's special dividend, which
+would be taxed at a higher rate. The recapitalization is
+subject to shareholder and other approvals.
+    Starkman said he believes Coniston may still have a chance
+to win the battle for control of Allegis' board room, despite
+the recapitalization plan.
+    Coniston Partners would not comment on the recapitalization
+plan.
+    "We said a week ago, and we say it again today that the way
+to maximize value for shareholders is to see these companies
+traded as independent companies," said Keith Gollust, one of
+the partners.
+    Allegis owns United Air Lines, Hertz rental cars, and
+Westin and Hilton International hotels.
+    Allegis' recapitalization plan does not entail the sale of
+any of those businesses, which its management claims are
+necessary to its travel services strategy. The recapitalization
+plan would add three billion dlrs in debt to its balance sheet.
+    Some Wall Street analysts believe such a move could be
+risky since the airline, as well as other travel businesses,
+are dependant on the strength of the economy.
+    "They've become sort of a super cyclical company," Starkman
+said. The hotels and car rental business represents "no
+diversification. It just makes it worse."
+    Traders and analysts who believe Coniston's effort may have
+a chance believe that Allegis management is not giving
+shareholders full value. After receiving the dividend,
+shareholders will still hold their stock. Arbitragers and
+analysts valued the recapitalization in the upper 80s to 100
+dlrs per share.
+    Breakup values for the company estimated on Wall Street
+exceed 110 dlrs per share.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6117" NEWID="17779">
+<DATE> 1-JUN-1987 16:06:38.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2358&#31;reute
+r f BC-BRITISH-AIRWAYS-&lt;BAB> SCHEDULED  06-01 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AIRWAYS &lt;BAB> SEES SMOOTH TRANSITION</TITLE>
+<AUTHOR>    By Philip Barbara, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, June 1 - </DATELINE><BODY>British Airways is looking forward to
+industry deregulation in Europe and believes it will be a
+smoother transition than the turmoil that followed the opening
+of the U.S. skies, its chief executive said.
+    Colin Marshall told Reuters that Europe will phase in
+deregulation gradually to avoid the problems created in the
+U.S. in the late 1970s -- fast growth, unstable fares, new
+carriers that went bankrupt and ultimately years of losses for
+even the largest airlines.
+    "In Europe we have the benefit of learning from the
+American experience," Marshall said. "When you add that to the
+conservative nature of the Europeans, it amounts to an approach
+that is slower and more cautious."
+    Airline liberalization, as it is called, must first be
+approved by the transportation ministers of the European
+Community nations. This could come this month when the
+ministers meet to take it up, Marshall said in an interview
+during a U.S. visit to talk to airline industry analysts.
+    "As the largest airline in Europe, and with the
+sophisticated computer systems we have to help us with yield
+and load factors management, I think we have a very good
+chance, if not the best chance, of doing well in a liberalized
+situation in Europe," Marshall said.
+    Airline market deregulation in Europe will open up new
+routes between European countries, allow established carriers
+to grow and permit new airlines to begin operations.
+    It will also free airlines to fly more seats on any given
+route -- something that is highly regulated now -- and to base
+fares on market forces. Discount fares in Europe might even
+become more widespread.
+    "We think liberalization will help stimulate traffic,"
+Marshall said.
+    Lower fares have been offered by British carriers since
+domestic services in Britain were deregulated in 1984, he said.
+But passengers taking return flights or from other countries
+pay higher, regulated prices.
+    Marshall said deregulation will spawn more European
+airlines, possibly to be followed by a spate of mergers, as is
+happening in the United States.
+    Two airlines, Sabena and Scandinavian Airlines System
+(SAS), are now discussing a merger. Their success "might open
+up Europe to further merger activity," he said.
+    This is because an SAS-Sabena merger could be a test case
+to determine whether countries are willing to allow landing
+rights to be transferred from one carrier to another, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6118" NEWID="17780">
+<DATE> 1-JUN-1987 16:08:12.97</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A Y RM
+&#22;&#22;&#1;f2360&#31;reute
+u f AM-GULF-STUDY   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONGRESSMAN SAYS U.S. UNPREPARED FOR OIL CUTOFF</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Rep. Mike Synar said today that while
+President Reagan is ready to use military force to protect
+Kuwait tankers in the Gulf, the United States is ill-prepared
+at home to deal with a new energy crisis.
+    Synar, Democrat of Oklahoma, made his remarks in comments
+on a study by the General Accounting Office (GAO) on the U.S.
+participation in the 1985 test of the emergency oil sharing
+program of the International Energy Agency.
+    The IEA, an alliance of 21 oil consuming countries, was
+formed after the 1973-74 Arab oil embargo to find ways to deal
+with any future oil cutoff.
+    Synar said, "the president is prepared to take military
+action to protect Kuwaiti oil tankers but has been unwilling to
+take less dangerous, equally-important action to prepare our
+nation for the next energy crisis."
+    Reagan said the U.S. military would protect Kuwaiti oilers
+to assure the West of a continuing supply of Middle East oil,
+increasingly being threatened by the Iranian-Iraqi war. Synar,
+who asked for the GAO report after criticism of U.S. action in
+a previous IEA test, said the United States successfully
+advocated a test limited to training participants in oil
+sharing procedures and the system's mechanical aspects.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6119" NEWID="17781">
+<DATE> 1-JUN-1987 16:11:00.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2363&#31;reute
+u f BC-ANHEUSER-BUSCH-&lt;BUD>   06-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANHEUSER-BUSCH &lt;BUD> UNIT CHANGES PLANT SITE</TITLE>
+<DATELINE>    ST. LOUIS, MO., June 1 - </DATELINE><BODY>Anheuser-Busch Companies Inc said
+its Metal Container Corp subsidiary will build its planned
+beverage can manufacturing plant in Orange County, New York
+instead of Chester, New York.
+    The site was changed because Metal Container was unable to
+obtain necessary building permits within its construction
+schedule requirements, it said.
+    The proposed plant, which is expected to be completed in
+late 1988, will produce aluminum spin-neck cans and have an
+operating capacity of more than two billion cans a year, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6120" NEWID="17782">
+<DATE> 1-JUN-1987 16:14:08.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2370&#31;reute
+u f BC-ALLIED-SIGNAL-&lt;ALD>-C   06-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL &lt;ALD> COMPLETES SALE OF MPB CORP</TITLE>
+<DATELINE>    MORRIS TOWNSHIP, N.J., June 1 - </DATELINE><BODY>Allied-Signal Inc said it 
+completed the sale of its MPB Corp unit to Bearing Acquisition
+Corp for 145 mln dlrs plus assumption of certain MPB
+liabilities.
+    Headquartered in Keene, N.H., MPB designs and makes
+precision ball and roller bearings used in aerospace, ordnance
+and computer applications. Allied-Signal said the unit had 1986
+sales of over 90 mln dlrs.
+    It noted the sale to newly formed Bearing Acquisition was
+announced May 18.
+   
+    Allied-Signal said Bearing Acquisition is a newly-formed
+corporation owned by an investors group organized by Harold S.
+Geneen and Donaldson Lufkin and Jenrette Securities Corp.
+    Wells Fargo Bank provided senior debt financing to Bearing
+Acquisition and Donaldson Lufkin and Jenrette provided bridge
+financing in the form of subordinated notes, preferred stock
+and common stock in an amount sufficient to fund the purchase
+price, Allied-Signal added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6121" NEWID="17783">
+<DATE> 1-JUN-1987 16:14:39.33</DATE>
+<TOPICS><D>lead</D><D>zinc</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2371&#31;reute
+r f BC-COMINCO-&lt;CLT.TO>-SEES   06-01 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO &lt;CLT.TO> SEES MEETING WITH STRIKING UNION LOCALS</TITLE>
+<DATELINE>    TRAIL, British Columbia, June 1 - </DATELINE><BODY>Cominco Ltd said it
+expects to meet today with two of five United Steelworkers of
+America locals on strike at its Trail smelter and Kimberley,
+B.C. lead-zinc mine, a Cominco spokesman said.
+    It had no meeting scheduled with the other three striking
+locals, which rejected a tentative three-year contract
+Saturday, Cominco spokesman Richard Fish said.
+    Fish said the pact that was rejected contained a cost of
+living increase tied to the Canadian consumer price index, but
+no wage increase. With 81 pct of the membership voting, 54.5
+pct voted no and 45.5 pct voted yes, the union said.
+    The three locals represent about 2,600 production and
+maintenance workers, while the remaining two locals cover about
+600 office and technical workers.
+    The office and technical workers last negotiated May 21.
+Production at Trail and Kimberley has been shut down since the
+strike began May 9 and Cominco has had to declare force
+majeure, which means the company may be unable to honor
+contracts for products from the smelter and mine.
+    Each of the five locals have separate contracts, all of
+which expired April 30, but the main issues are similar.
+    The Trail smelter, about 400 miles east of Vancouver,
+produced 240,000 long tons of zinc and 110,000 long tons of
+lead last year. The Sullivan mine at Kimberley, about 450 miles
+east of Vancouver, produced 2.2 mln long tons of ore last year,
+most for processing at the Trail smelter.
+    The smelter also produced cadmium, bismuth and indium.
+    Trail smelter revenue was 356 mln Canadian dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6122" NEWID="17784">
+<DATE> 1-JUN-1987 16:16:24.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2380&#31;reute
+u f BC-NATIONAL-DISTILLERS   06-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASS GROUP CUTS NATIONAL DISTILLERS &lt;DR> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>An investor group led by members of
+the Bass family of Fort Worth, Texas, said it lowered its stake
+in National Distillers and Chemical Corp to 1,159,400 shares,
+or 3.6 pct of the total common, from 1,727,200, or 5.3 pct.
+    In a filing with the Securities and Exchange Commission,
+the Bass group said it sold 567,800 National Distillers common
+shares between May 15 and 29 at prices ranging from 59.94 to
+63.44 dlrs a share.
+    As long as the group's stake is below five pct, it is not
+required to disclose its further dealings in National
+Distillers' common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6123" NEWID="17785">
+<DATE> 1-JUN-1987 16:16:57.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2383&#31;reute
+u f BC-BUCKEYE   06-01 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC AMERICAN&lt;RAWC.O> UPS BUCKEYE&lt;BPL> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Republic American Corp told the
+Securities and Exchange Commission it raised its stake in
+Buckeye Partners L.P. to 963,200 limited partnership units, or
+8.0 pct of the total, from 744,200 units, or 6.2 pct.
+    Republic, which is controlled by Cincinnati, Ohio,
+financier Carl Lindner and his American Financial Corp, said it
+bought 219,000 Buckeye units between May 14 and 22 at prices
+ranging from 22.49 to 23.02 dlrs each, or about 5.0 mln dlrs
+total.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6124" NEWID="17786">
+<DATE> 1-JUN-1987 16:18:54.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2385&#31;reute
+r f BC-UNIVERSAL-HEALTH-&lt;UHT   06-01 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL HEALTH &lt;UHT> TO BUY BACK SHARES</TITLE>
+<DATELINE>    KING OF PRUSSIA, Pa., June 1 - </DATELINE><BODY>Universal Health Realty
+Income Trust said its board approved the repurchase over the
+next 12 months of up to one mln shares of beneficial interest
+of the trust in the open market or subject to obtaining
+necessary financing.
+    Universal also declared a regular quarterly dividend of 33
+cts a share payable June 30 to shareholdres or record June 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6125" NEWID="17787">
+<DATE> 1-JUN-1987 16:19:37.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2388&#31;reute
+d f BC-KINGSBRIDGE,-MASCO-SE   06-01 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KINGSBRIDGE, MASCO SET MERGER</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Kingsbridge Holdings Ltd, said it signed
+a letter of intent for a merger with &lt;Masco Sports Inc>.
+    The transaction calls for 230 mln sahres of Kingsbridge
+common stock to be issued to shareholders of Masco.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6126" NEWID="17788">
+<DATE> 1-JUN-1987 16:21:03.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2392&#31;reute
+r f BC-INTERNATIONAL-CORONA   06-01 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL CORONA &lt;ICR.TO> 2ND QTR NET</TITLE>
+<DATELINE>    TORONTO, June 1 - </DATELINE><BODY>Period ended March 31
+    Oper shr profit four cts vs loss 17 cts
+    Oper net profit 584,000 vs loss 2,165,000
+    Revs 7,493,000 vs not given
+    SIX MTHS
+    Oper shr profit eight cts vs loss 14 cts
+    Oper net profit 1,177,000 vs loss 1,778,000
+    Revs 14.8 mln vs not given.
+   
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6127" NEWID="17789">
+<DATE> 1-JUN-1987 16:21:11.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2393&#31;reute
+r f BC-PEPSICO-&lt;PEP>-CHICKEN   06-01 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEPSICO &lt;PEP> CHICKEN UNIT COMMITS 40 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Pepsico Inc's Kentucky Fried Chicken
+said it has committed 40 mln dlrs over the next 90 days to
+introduce a major new product category.
+    The company said it is introducing Chicken Littles, a
+chicken patty sandwich served on a soft dinner roll, which will
+sell for 39 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6128" NEWID="17790">
+<DATE> 1-JUN-1987 16:21:18.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F C
+&#22;&#22;&#1;f2394&#31;reute
+r f BC-RALSTON-PURINA-&lt;RAL>   06-01 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RALSTON PURINA &lt;RAL> FORMS BRANDED FOODS GROUP</TITLE>
+<DATELINE>    ST. LOUIS, MO., June 1 - </DATELINE><BODY>Ralston Purina Co said it formed a
+new branded foods group to align all of its warehouse-delivered
+human foods.
+    W. Patrick McGinnis, formerly executive vice president of
+the company's grocery products division, was named president of
+the new group and will report to W.P. Stiritz, Ralston's
+chairman.
+                                         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6129" NEWID="17791">
+<DATE> 1-JUN-1987 16:21:47.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2395&#31;reute
+r f BC-ROYEX-GOLD-MINING-&lt;RG   06-01 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYEX GOLD MINING &lt;RGM.TO> 2ND QTR MARCH 31 NET</TITLE>
+<DATELINE>    TORONTO, June 1 -
+    </DATELINE><BODY>Oper shr loss three cts vs loss one ct
+    Oper net loss 1,796,000 vs loss 381,000
+    Revs 2,501,000 vs 2,695,000
+    SIX MTHS
+    Oper shr loss eight cts vs loss four cts
+    Oper net loss 3,235,000 vs loss 1,123,000
+    Revs 4,850,000 vs 4,551,000
+    Note: 1987 net excludes 2nd qtr extraordinary gain of 87
+mln dlrs or 1.54 dlrs shr from sale of 51 pct stake of Mascot
+Gold Mines Ltd &lt;MSG.TO>. Full name Royex Gold Mining Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6130" NEWID="17792">
+<DATE> 1-JUN-1987 16:22:28.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2396&#31;reute
+f f BC-******DRESSER-INDUSTR   06-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DRESSER INDUSTRIES INC TO SELL RELIANCE STANDARD LIFE INSURANCE TO ROSENKRANZ UNIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6131" NEWID="17793">
+<DATE> 1-JUN-1987 16:22:42.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2397&#31;reute
+h f BC-SEABROOK-NUCLEAR-STAT   06-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEABROOK NUCLEAR STATION OWNERS SET ADVERTISING</TITLE>
+<DATELINE>    SEABROOK, N.H., June 1 - </DATELINE><BODY>Public Service Co of New Hampshire
+&lt;PNH> said the owners of the Seabrook nuclear power plant
+approved a 1.2 mln dlr advertising campaign to inform the
+public about the plant's safe construction.
+    The campaign make a point that nuclear power provides
+one-third of New England's electricity and Seabrook is the
+ninth nuclear plant in the six-state region.
+    Operation of the plant has been delayed by the reluctance
+of officials in neighboring Massachusets to participate in
+evacuation drills. New Hampshire Public Service is operator of
+the plant and has a 35.6 pct interest in the facility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6132" NEWID="17794">
+<DATE> 1-JUN-1987 16:23:12.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2399&#31;reute
+f f BC-******U.S.-SELLS-3-MO   06-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLS 3-MO BILLS AT 5.81 PCT, STOP 5.82 PCT, 6-MO 6.10 PCT, STOP 6.11 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6133" NEWID="17795">
+<DATE> 1-JUN-1987 16:23:19.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2400&#31;reute
+d f BC-DIANA-CORP-&lt;DNA>-YEAR   06-01 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIANA CORP &lt;DNA> YEAR MARCH 28 OPER NET</TITLE>
+<DATELINE>    MILWAUKEE, WIS., June 1 - 
+    </DATELINE><BODY>Oper shr 74 cts vs 30 cts
+    Oper net 3,034,000 vs 1,225,000
+    NOTE: 1987 operating net excludes credits of 1,043,000 dlrs
+or 25 cts a share.
+    1986 operating net excludes discontinued operations of
+84,000 dlrs or two cts, and extraordinary charges of 1,119,000
+dlrs or a loss of 27 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6134" NEWID="17796">
+<DATE> 1-JUN-1987 16:23:29.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2401&#31;reute
+u f BC-AMERICAN-REALTY-&lt;ARB>   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN REALTY &lt;ARB> RIGHTS OVERSUBSCRIBED</TITLE>
+<DATELINE>    DALLAS, June 1 - </DATELINE><BODY>American Realty Trust said
+oversubscription pool requests received in a recent rights
+offering were in excess of five mln shares.
+    As a result, all 12.1 mln shares offered will be issued,
+and the trust will receive additional equity of over 45 mln
+dlrs. Under the offering, the Trust distributed to shareholders
+rights to acquire beneficial interest at 3.75 dlrs per share .
+    Its largest shareholder, Southmark Corp &lt;SM> delivered most
+of its rights to shareholders as a special dividend, reducing
+its share ownership to 42 pct from 84 pct, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6135" NEWID="17797">
+<DATE> 1-JUN-1987 16:23:41.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2402&#31;reute
+d f BC-WITCO-&lt;WIT>-UNIT-OPEN   06-01 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WITCO &lt;WIT> UNIT OPENS FAST-OIL CHANGE CENTER</TITLE>
+<DATELINE>    IRVING, Texas, June 1 - </DATELINE><BODY>Kendall Refining Co, a unit of
+Witco Corp, and the &lt;Knox Truck Stop> chain, said they have
+developed one of the nation's first fast-oil-change centers
+for trucks outside of Dallas.
+    The service, called Fast Lube, offers a 60-minute oil
+change and inspection service for trucks and also involves a
+used-oil analysis program that relays engine information to the
+driver's fleet headquarters, the companies said.
+    According to the companies, fast-oil-change centers are
+expected to grow from the current three pct of the oil
+lubrication market to 15 pct by 1990.
+   
+    In addition, Kendall said it recently launched a national
+Fast Lube program with &lt;Avis Inc> that provides participating
+Avis Lube franchises with lubricants, equipment and marketing
+support.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6136" NEWID="17798">
+<DATE> 1-JUN-1987 16:24:28.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2404&#31;reute
+d f BC-WYSE-&lt;WYSE.O>-TO-GET   06-01 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WYSE &lt;WYSE.O> TO GET LINK TECHNOLOGIES</TITLE>
+<DATELINE>    SAN JOSE, Calif., June 1 - </DATELINE><BODY>Wyse Technology said it agreed
+in principle to acquire privately-held Link Technologies Inc in
+exchange for an undisclosed amount of Wyse Technology shares.
+    Link Technologies develops and markets computer terminals,
+Wyse also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6137" NEWID="17799">
+<DATE> 1-JUN-1987 16:24:49.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2405&#31;reute
+d f BC-LTV-&lt;QLTV>-GETS-CONTR   06-01 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LTV &lt;QLTV> GETS CONTRACT</TITLE>
+<DATELINE>    DALLAS, June 1 - </DATELINE><BODY>LTV Corp's LTV Aircraft Products Group
+said it was awarded a contract valued at more than 10 mln dlrs
+to continue production of engine covers and thrust reversers
+for the Challenger 601-3A executive business jet.
+    the aircraft is manufactured by Canadair Ltd. of Montreal,
+it said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6138" NEWID="17800">
+<DATE> 1-JUN-1987 16:25:18.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2406&#31;reute
+d f BC-&lt;LINCOLN-BANCORP>-FIL   06-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;LINCOLN BANCORP> FILES FOR PUBLIC OFFERING</TITLE>
+<DATELINE>    ENCINO, Calif., June 1 - </DATELINE><BODY>Lincoln Bancorp said it filed a
+registration statement with the Securities and Exchange
+Commission covering a proposed public offering of one mln
+common shares at an estimated offering price of between eight
+and nine dlrs per share.
+    The company said First of Michigan Corp will manage the
+underwriting.
+    It said proceeds will be used for general corporate
+purposes and for expansion.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6139" NEWID="17801">
+<DATE> 1-JUN-1987 16:26:03.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2408&#31;reute
+d f BC-PUEBLO-&lt;PII>-TO-REPUR   06-01 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUEBLO &lt;PII> TO REPURCHASE SHARES</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Pueblo International Inc, a supermarket
+operator, said it bought 75,000 shares last week in two
+separate transactions from unrelated shareholders as part of
+its share buy back program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6140" NEWID="17802">
+<DATE> 1-JUN-1987 16:26:23.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2410&#31;reute
+h f BC-MCLAIN-INDUSTRIES-INC   06-01 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCLAIN INDUSTRIES INC &lt;MCCL.O> 2ND QTR MARCH 31</TITLE>
+<DATELINE>    STERLING HEIGHTS, Mich., June 1 -
+    </DATELINE><BODY>Shr 11 cts vs 13 cts
+    Net 234,326 vs 266,653
+    Revs 5.5 mln vs 5.8 mln
+    Six months
+    Shr 21 cts vs 31 cts
+    Net 445,509 vs 646,978
+    Revs 9.4 mln vs 10.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6141" NEWID="17803">
+<DATE> 1-JUN-1987 16:27:08.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2412&#31;reute
+u f BC-MYERS-TO-HEAD-U.S.-PA   06-01 0146</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MYERS TO HEAD U.S. PARTY TO WORLD FOOD COUNCIL</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Peter Myers, Deputy Secretary of
+Agriculture will head the U.S. delegation to the World Food
+Council's Thirteenth Ministerial in Peking, China June 8-11,
+the U.S. Agriculture Department said.
+    The discussions will center on four issues -- the global
+state of hunger and malnutrition and the impact of economic
+adjustment on food and hunger problems, the impact of
+international agricultural trade and related national policies
+on food and development, regional cooperation in food and
+agriculture among developing nations in the Southern
+hemisphere, and activities of multilateral assistance agencies
+aimed at reducing hunger.
+    The World Food Council is a 36-country United Nations body,
+which recommends how governments and international
+organizations can work together to alleviate world hunger.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6142" NEWID="17804">
+<DATE> 1-JUN-1987 16:29:21.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>australia</D><D>spain</D><D>new-zealand</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2418&#31;reute
+d f BC-MORINO-&lt;MOAI.O>-EXPAN   06-01 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORINO &lt;MOAI.O> EXPANDS INTERNATIONAL MARKETING</TITLE>
+<DATELINE>    VIENNA, Va., June 1 - </DATELINE><BODY>Morino Associates Inc said it
+established a new business unit to establish its presence in
+Australia, New Zealand, Spain, South and Central AMerica,
+Africa, Middle East and the Far East.
+    The new unit will explore opportunities for the
+establishment of marketing agreements that address secondary
+markets for the company's technology and will evaluate
+opportunities in Japan, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6143" NEWID="17805">
+<DATE> 1-JUN-1987 16:30:12.09</DATE>
+<TOPICS><D>lead</D><D>zinc</D><D>strategic-metal</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2419&#31;reute
+r f BC-COMINCO-&lt;CLT.TO>-SEES   06-01 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO SEEKS MEETING WITH STRIKING UNION LOCALS</TITLE>
+<DATELINE>    TRAIL, British Columbia, June 1 - </DATELINE><BODY>Cominco Ltd said it
+expects to meet today with two of five United Steelworkers of
+America locals on strike at its Trail smelter and Kimberley,
+B.C. lead-zinc mine, a Cominco spokesman said.
+    It had no meeting scheduled with the other three striking
+locals, which rejected a tentative three-year contract
+Saturday, Cominco spokesman Richard Fish said.
+    Fish said the pact that was rejected contained a cost of
+living increase tied to the Canadian consumer price index, but
+no wage increase. With 81 pct of the membership voting, 54.5
+pct voted no and 45.5 pct voted yes, the union said.
+    The three locals represent about 2,600 production and
+maintenance workers, while the remaining two locals cover about
+600 office and technical workers.
+    The office and technical workers last negotiated May 21.
+Production at Trail and Kimberley has been shut down since the
+strike began May 9 and Cominco has had to declare force
+majeure, which means the company may be unable to honor
+contracts for products from the smelter and mine.
+    Each of the five locals have separate contracts, all of
+which expired April 30, but the main issues are similar.
+    The Trail smelter, about 400 miles east of Vancouver,
+produced 240,000 long tons of zinc and 110,000 long tons of
+lead last year. The Sullivan mine at Kimberley, about 450 miles
+east of Vancouver, produced 2.2 mln long tons of ore last year,
+most for processing at the Trail smelter.
+    The smelter also produced cadmium, bismuth and indium.
+    Trail smelter revenue was 356 mln Canadian dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6144" NEWID="17806">
+<DATE> 1-JUN-1987 16:32:08.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2421&#31;reute
+r f BC-TOYOTA-SAYS-IT-ONLY-S   06-01 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA SAYS IT ONLY STUDYING LUXURY UNIT PLANS</TITLE>
+<DATELINE>    DETROIT, June 1 - </DATELINE><BODY>Toyota Motor Co's &lt;TOYO.T> U.S. sales
+subsidiary said it has been studying the possibility of forming
+a new division to market upscale cars, but denied a published
+report that it would announce a startup decision this year.
+    Toyota spokesman Jerry Giaquinta told Reuters: "All we're
+saying at this point is we'be been studying the luxury,
+performance segment and no final decision has been made on
+whether to enter it or which or several options to follow."
+    The trade paper Automotive News reported in this week's
+edition that Toyota will announce such a  division in a move
+similar to rival Honda Motor Co's &lt;HMC> Acura car division.
+    The Toyota spokesman said, "The Automotive News article is
+based on speculative assumptions."
+    The paper said Toyota has already identified 100 key
+dealers who would be offered the "unnamed new franchise" that
+would open in the 1989 model year with "three
+luxury-performance car lines."
+    It also said the new Toyota luxury line would have prices
+likely to start arpund 16,000 dlrs and going to the
+"high-20,000-dlr range" to appeal to buyers of European and
+American luxury buyers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6145" NEWID="17807">
+<DATE> 1-JUN-1987 16:32:48.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2423&#31;reute
+f f BC-******MOODY'S-AFFIRMS   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S AFFIRMS MIDDLE SOUTH AND UNITS, AFFECTS FOUR BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6146" NEWID="17808">
+<DATE> 1-JUN-1987 16:34:12.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2428&#31;reute
+u f BC-PHILLIPS-VAN-HEUSEN-C   06-01 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILLIPS-VAN HEUSEN CORP &lt;PVH> 1ST QTR</TITLE>
+<DATELINE>    NEW YORK, June 1 -
+    </DATELINE><BODY>Shr 73 cts vs 60 cts
+    Net 4.6 mln vs 3.8 mln
+    Revs 112.8 mln vs 104.1 mln
+    NOTE:1987 includes lifo charge of 1.5 mln dlrs, pension
+expenses declined by 879,000 dlrs due to change in accounting,
+interest decreased by 382,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6147" NEWID="17809">
+<DATE> 1-JUN-1987 16:36:35.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2435&#31;reute
+u f BC-DRESSER-&lt;DI>-TO-SELL   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DRESSER &lt;DI> TO SELL UNIT TO ROSENKRANZ AND CO</TITLE>
+<DATELINE>    DALLAS, June 1 - </DATELINE><BODY>Dresser Industries Inc said it signed a
+definitive agreement to sell its Reliance Standard Life
+Insurance Co to RSL Holding Co Inc., a subsidiary of the
+privately-held, New York-based investment firm of Rosenkranz
+and Co.
+    Terms were not undisclosed. Philadelphia-based Reliance
+earned 25.3 mln dlrs on sales of 201.6 mln dlrs in 1986.
+    Dresser said it will use the proceeds from the sale for
+stock repurchases, debt reduction, and possibly complementary
+acquisitions in the field of engineered products and services
+for energy producers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6148" NEWID="17810">
+<DATE> 1-JUN-1987 16:36:58.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2436&#31;reute
+u f BC-ATCOR&lt;ATCO.O>-SEEKS-B   06-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATCOR&lt;ATCO.O> SEEKS BUYERS FOR CONSUMER BUSINESS</TITLE>
+<DATELINE>    CHICAGO, June 1 - </DATELINE><BODY>Atcor Inc said that Roth-American Inc,
+which had signed a letter of intent on May 1 to acquire its
+Turco and Charmglow operations of its consumer products
+segment, has decided against buying Charmglow.
+    While Roth-American said it is still interested in
+acquiring Turco, Atcor said it is now reviewing its options
+with other potential buyers who have expressed interest in its
+consumer products businesses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6149" NEWID="17811">
+<DATE> 1-JUN-1987 16:37:10.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2437&#31;reute
+h f BC-INTERNATIONAL-CONSUME   06-01 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL CONSUMER BRANDS &lt;ICBI.O> 1ST QTR</TITLE>
+<DATELINE>    WESTPORT, Conn, June 1 -
+    </DATELINE><BODY>Shr profit one cts vs loss three cts
+    Net profit 68,607 vs loss 183,893
+    Revs 4.2 mln vs 602,665
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6150" NEWID="17812">
+<DATE> 1-JUN-1987 16:40:11.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2445&#31;reute
+u f BC-USPCI-&lt;UPC>-SEEN-REJE   06-01 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USPCI &lt;UPC> SEEN REJECTING UNION PACIFIC BID</TITLE>
+<DATELINE>    CHICAGO, June 1 - USPCI Inc likely will reject a 43-dlr-a-</DATELINE><BODY>share bid made last Wednesday by Union Pacific Corp (UNP), 
+analysts said.
+    "The offer is inadequate," said Douglas Augenthaler, an
+analyst with E.F. Hutton, noting that it does not represent the
+needed premium over the company's fundamental value based on
+earnings estimates.
+    USPCI, which has 8.7 mln shares outstanding, was trading at
+48-1/8, down 3/8.
+    USPCI vice president of finance Larry Shelton said he could
+not comment on the adequacy of the offer or on when the board
+would meet to consider it.
+    Augenthaler said that while USPCI was trading at only 34
+dlrs a share at the time of the takeover bid, its announcement
+that same day of higher earnings expectations changed its
+value. USPCI said its second quarter earnings would exceed
+analysts expectations of 24 to 30 cts a share.
+    At that price, USPCI could maintain a stock price in the
+low 40s, Augenthaler said.
+    Hutton revised its 1987 earnings estimate for the waste
+management concern to 1.40 dlrs a share from 1.20 dlrs on the
+announcment, he said. It lifted its 1988 projection to 1.90
+dlrs a share from 1.70 dlrs.
+    In addition, analysts said the hazardous waste management
+business holds significant growth potential. The industry has
+grown from 16 to 35 pct over the last five years, based on
+earnings per share, said Jeffrey Klein, an analyst with Kidder
+Peabody and Co. The industry is expected to continue growing at
+15 to 35 pct over the next five years, he said.
+    Augenthaler said the 43-dlr-a-share offer, or 375 mln dlrs
+total, would be a bargain for Union Pacific. The transportation
+and energy company would both gain entry into a profitable
+business and win cost-control benefits, he said.
+    "Union Pacific has what are rumored to be some fairly
+signficant environmmental problems of its own," he said.
+    Herb Mee Jr., president of Beard Oil Co (BEC), which holds
+a 30.4 pct stake in USPCI, said last week Union Pacific's offer
+was "grossly inadequate."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6151" NEWID="17813">
+<DATE> 1-JUN-1987 16:41:36.49</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2450&#31;reute
+r f BC-TOTAL-PETROLEUM-&lt;TPN>   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTAL PETROLEUM &lt;TPN> SHUTS TEXAS PIPELINES</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Total Petroleum NA &lt;TPN> shut down
+several small crude oil pipelines operating near the
+Texas/Oklahoma border last Friday as a precaution against
+damage from local flooding, according to Gary Zollinger,
+manager of operations.
+    Total shut a 12-inch line that runs across the Ouachita
+River from Wynnewood to Ardmore with a capacity of 62,000 bpd
+as well as several smaller pipelines a few inches wide with
+capacities of several thousand bpd or less, Zollinger said.
+    The Basin Pipeline, a major pipeline running 300,000 bpd,
+run by a consortium of other oil companies, was closed today.
+    One other small pipeline that Total also closed has a
+capacity of 3,000 to 4,000 bpd and crosses the Red River in
+Fargo, Texas, Zollinger said.
+    He said the closed pipelines run under river water and
+could be damaged as the flooded rivers erode the river banks
+and expose the piping.
+    Zollinger said Total is waiting for the river waters to
+recede before they reactivate the pipelines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6152" NEWID="17814">
+<DATE> 1-JUN-1987 16:43:14.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2454&#31;reute
+u f BC-B.C.-WORKERS-STAGE-ON   06-01 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>B.C. WORKERS STAGE ONE-DAY GENERAL STRIKE</TITLE>
+<DATELINE>    VANCOUVER, June 1 - </DATELINE><BODY>Thousands of British Columbian
+unionized workers staged a one-day general strike to protest
+proposed new provincial labor legislation.
+    Ferry service was halted, there was no garbage collection,
+government offices were closed and some medical services were
+restricted. Postal workers, although covered by federal laws,
+refused to cross picket lines.
+    In Vancouver, transit workers also joined in the protest
+and no buses operated. Management, however, kept the city's
+SkyTrain service in operation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6153" NEWID="17815">
+<DATE> 1-JUN-1987 16:43:55.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2457&#31;reute
+f f BC-******GM-MAY-N.-AMERI   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM MAY N. AMERICAN CAR OUTPUT 328,221, OFF 26.3 PCT FROM 445,440 LAST YEAR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6154" NEWID="17816">
+<DATE> 1-JUN-1987 16:44:05.56</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2458&#31;reute
+r f BC-DOE-REACHES-PROPOSED   06-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOE REACHES PROPOSED OIL SETTLEMENTS</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>The Energy Department said it reached
+proposed oil pricing settlements totaling 680,150 dlrs with the
+operator and four working interest owners of A.D. LeBlanc No. 1
+well, Vermillion Parish, La.
+    Trigon Exploration Co., Inc operated the well from June
+1979 to January 1981 for D. Bryan Ferguson, C. William Rogers,
+Omni Drilling Partnership No 1978-2 and Entex Inc.
+    DOE alleged Trigon caused overcharges of 624,208 dlrs by
+improperly classifying its oil as "newly discovered crude," a
+classification that allowed charging higher prices during a
+period of price controls.
+    It said the proposed settlements would resolve disputes
+over possible violations by the five parties. DOE added that in
+agreeing to the settlements, the five did not admit any
+violations or non-compliance with its regulations.
+    It said it would receive written comments on the
+settlements before making it final.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6155" NEWID="17817">
+<DATE> 1-JUN-1987 16:44:33.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2460&#31;reute
+r f BC-CME-PROPOSES-NIKKEI-S   06-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME PROPOSES NIKKEI STOCK AVERAGE FUTURES</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>The Chicago Mercantile Exchange (CME)
+has proposed a futures contract based on the Nikkei Stock
+Average, a price-weighted index of 225 stocks on the Tokyo
+Stock Exchange, federal regulators said.
+    The Commodity Futures Trading Commission (CFTC) said CME's
+proposed contract is designed to be used as a hedging tool for
+dealers and investors in Japanese equities.
+    The contract's unit of trading would be 500 Japanese yen
+times the Nikkei index, CFTC said. The minimum price
+fluctuation would be 2,500 yen, with no daily price limits.
+    Public comment on the proposal is due by July 28.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6156" NEWID="17818">
+<DATE> 1-JUN-1987 16:44:54.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f2461&#31;reute
+b f BC-MOODY'S-REVIEWS-HOSPI   06-01 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S REVIEWS HOSPITAL CORP &lt;HCA> DEBT</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Moody's Investors Service Inc said it
+put Hospital Corp of America's nearly three billion dlrs of
+long-term debt under review with uncertain direction.
+    Under review are the A-2 senior debt, A-3 convertible
+subordinated debt and Prime-2 commercial paper ratings.
+    Moody's cited the firm's planned sale of 104 U.S.-based
+hospitals to an employee stock ownership plan. The cost would
+be 1.8 billion dlrs in cash plus preferred stock and warrants.
+    Moody's expects favorable credit implications if the sale
+includes low-profit hospitals. Reducing Hospital's financial
+leverage will be needed to maintain credit quality, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6157" NEWID="17819">
+<DATE> 1-JUN-1987 16:46:21.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2465&#31;reute
+f f BC-******CHRYSLER-MAY-N.   06-01 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER MAY N. AMERICAN CAR OUTPUT 94,715, OFF 12.8 PCT FROM 108,595 LAST YEAR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6158" NEWID="17820">
+<DATE> 1-JUN-1987 16:54:59.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2496&#31;reute
+r f BC-CME-PROPOSES-NIKKEI-S   06-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CME PROPOSES NIKKEI STOCK AVERAGE FUTURES</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>The Chicago Mercantile Exchange (CME)
+has proposed a futures contract based on the Nikkei Stock
+Average, a price-weighted index of 225 stocks on the Tokyo
+Stock Exchange, federal regulators said.
+    The Commodity Futures Trading Commission (CFTC) said CME's
+proposed contract is designed to be used as a hedging tool for
+dealers and investors in Japanese equities.
+    The contract's unit of trading would be 500 Japanese yen
+times the Nikkei index, CFTC said. The minimum price
+fluctuation would be 2,500 yen, with no daily price limits.
+    Public comment on the proposal is due by July 28.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6159" NEWID="17821">
+<DATE> 1-JUN-1987 16:55:52.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2501&#31;reute
+u f BC-GERHARD-LASKE-APPOINT   06-01 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERHARD LASKE APPOINTED TREASURER OF IMF</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Gerhard Laske, a national of West
+Germany, has been appointed treasurer of the International
+Monetary Fund, succeeding Walter Habermeier, who took early
+retirement, the agency said.
+    Laske, 59, held a senior position at the Bundesbank in the
+Department for International Organizations. Prior to that, he
+was executive director for Germany.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6160" NEWID="17822">
+<DATE> 1-JUN-1987 16:56:00.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2502&#31;reute
+r f BC-FIRST-OF-AMERICA-(FAB   06-01 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST OF AMERICA (FABK.O) ACQUIRES KEYSTONE</TITLE>
+<DATELINE>    KALAMAZOO, Mich, June 1 - </DATELINE><BODY>First of America Bank Corp said
+it acquired (Keystone Bancshares Inc) for 25 mln dlrs.
+    Keystone shareholders will receive 45 dlrs per Keystone
+share, payable in First of America convertible preferred stock
+having a dividend rate of nine pct.
+    Keystone has two affiliates with combined assets of 205 mln
+dlrs. First of America has 7.9 billion dlrs in assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6161" NEWID="17823">
+<DATE> 1-JUN-1987 16:57:01.23</DATE>
+<TOPICS><D>hog</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2504&#31;reute
+u f BC-NPPC-APPEAL-ON-CANADI   06-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NPPC APPEAL ON CANADIAN PORK DISMISSED</TITLE>
+<DATELINE>    Chicago, June 1 - </DATELINE><BODY>The U.S. Court of International Trade has
+upheld the International Trade Commission's refusal to extend
+countervailing duties on Canadian hogs to include pork
+products, the National Pork Producers' Council said.
+    The court's ruling came in an appeal to the Trade
+Commission's decision filed by the Pork Producers' Council.
+    Council president Tom Miller said he was disappointed by
+the court ruling and said the council will accelerate
+activities in support of an amendment to the 1930 Tariff Act
+that would address the objections outlined in the Trade
+Commission's ruling.
+    The Commission had said there was insufficient economic
+integration between the pork production industry and the pork
+packing industry to justify extending the duty on live hogs to
+fresh, chilled or frozen pork.
+    The legislation has already passed the House of
+Representatives and recently passed the Senate Finance
+Committee. It is expected to be considered by the full Senate
+by the end of the summer.
+    An appeal by the Canadian Pork Council that the current
+countervailing duty on Canadian hogs entering the U.S. be
+lifted is pending before the Court.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6162" NEWID="17824">
+<DATE> 1-JUN-1987 16:57:21.75</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2506&#31;reute
+b f BC-******FORD-MAY-N.-AME   06-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FORD MAY N. AMERICAN CAR PRODUCTION 213,790, UP 2.2 PCT FROM 209,109
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6163" NEWID="17825">
+<DATE> 1-JUN-1987 16:58:13.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2513&#31;reute
+r f BC-FLUOROCARBON-&lt;FCBN.O>   06-01 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLUOROCARBON &lt;FCBN.O> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    LAGUNA NIGEL, Calif., June 1 - </DATELINE><BODY>Fluorocarbon Co said it
+completed the acquisition of Eaton Corp's &lt;ETN> industrial
+polymer division.
+    The company said it paid about 70 mln dlrs in cash for the
+division, which will be renamed Samuel Moore Group.
+    Fluorocarbon also said the division should boost annual
+sales to 165 mln dlrs from last year's 98 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6164" NEWID="17826">
+<DATE> 1-JUN-1987 16:58:17.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2514&#31;reute
+r f BC-SUPERMARKETS-&lt;SGL>-RE   06-01 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERMARKETS &lt;SGL> REDEEMS PURCHASE RIGHTS</TITLE>
+<DATELINE>    CARTERET, N.J., June 1 - </DATELINE><BODY>Supermarkets General Corp said it
+redeemed its preferred stock purchase rights on May 29 and will
+pay five cts a right in the near future to holders of record
+May 29.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6165" NEWID="17827">
+<DATE> 1-JUN-1987 16:58:51.31</DATE>
+<TOPICS><D>acq</D><D>hog</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2515&#31;reute
+r f BC-DEKALB-&lt;DKLBB.O>-SELL   06-01 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEKALB &lt;DKLBB.O> SELLS HEINOLD HOG MARKET</TITLE>
+<DATELINE>    DEKALB, Ill., June 1 - </DATELINE><BODY>Dekalb Corp said it sold its Heinold
+Hog Market Inc to the unit's employees through an Employee
+Stock Ownership Plan (ESOP).
+    Terms were not disclosed, but president Bruce Bickner said
+the sale will have a positive, but not substantial, impact on
+DeKalb as a whole.
+    The company said the hog marketing unit did not fit with
+its strategy of investing in its core businesses.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6166" NEWID="17828">
+<DATE> 1-JUN-1987 17:04:24.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2537&#31;reute
+b f BC-CHRYSLER-&lt;C>-MAY-CAR   06-01 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> MAY CAR OUTPUT FALLS</TITLE>
+<DATELINE>    DETROIT, June 1 - </DATELINE><BODY>Chrysler Corp said its May North American
+car production fell 12.8 pct to 94,715 from 108,595 a year ago.
+    Chrysler said its May truck production rose 32 pct to
+61,151 from 46,332 last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6167" NEWID="17829">
+<DATE> 1-JUN-1987 17:05:31.57</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2543&#31;reute
+u f BC-LTV-&lt;QLTV>-TO-NEGOTIA   06-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LTV &lt;QLTV> TO NEGOTIATE WITH STEELWORKERS</TITLE>
+<DATELINE>    CLEVELAND, June 1 - </DATELINE><BODY>LTV Corp's LTV Steel Corp said it
+agreed to resume negotiations with the United Steelworkers of
+America at the local plant levels, to discuss those provisions
+of its proposal that require local implementation.
+    The local steelworker union narrowly rejected a tentative
+agreement with the company on May 14, it said.
+    LTV also said it agreed to reopen its offer contained in
+the tentative agreement reached with the union's negotiating
+committee as part of a plan to resolve problems through local
+discussions.
+               
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6168" NEWID="17830">
+<DATE> 1-JUN-1987 17:06:35.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f2547&#31;reute
+b f BC-MOODY'S-AFFIRMS-MIDDL   06-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S AFFIRMS MIDDLE SOUTH &lt;MSU> AND UNITS</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed about four billion dlrs of long-term debt of Middle
+South Utilities and nearly all of its units.
+    Moody's cited the U.S. Supreme Court's stay of an adverse
+Misssissippi Supreme Court ruling for a Middle South unit,
+Mississippi Power and Light Co. The approval of the stay may
+enhance Mississippi Power's prospects for a favorable judgment,
+Moody's added.
+    But Moody's said it will watch the situation closely
+because the stay depends on a bond posting that is satisfactory
+to the Mississippi Supreme Court.
+    On May 26, the Mississippi Public Service Commission
+ordered Mississippi Power to stop collecting about 12 mln dlrs
+in monthly revenues from its Grand Gulf power plant, Moody's
+pointed out. The Commission also wants Mississippi Power to
+submit a plan for refunding 190 mln dlrs of previously
+collected funds, Moody's said.
+    The first mortgage bonds and secured pollution control
+bonds of Mississippi Power, Arkansas Power and Louisiana Power
+and Light Co were affirmed at Baa-1. Their preferred stock was
+affirmed at Baa-2. In addition, Moody's affirmed Mississippi
+Power's Baa-2 unsecured pollution control debt.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6169" NEWID="17831">
+<DATE> 1-JUN-1987 17:07:47.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2554&#31;reute
+u f BC-GM-&lt;GM>-MAY-CAR-OUTPU   06-01 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> MAY CAR OUTPUT FALLS 26.3 PCT</TITLE>
+<DATELINE>    DETROIT, June 1 - </DATELINE><BODY>General Motors Corp said its May North
+American car production fell 26.3 pct to 328,221 units from
+445,440 a year ago.
+    The company said its May production of commercial vehicles
+(trucks and buses) rose 5.1 pct to 158,444 from 150,752 a year
+ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6170" NEWID="17832">
+<DATE> 1-JUN-1987 17:08:09.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2556&#31;reute
+u f BC-FORD-&lt;F>-MAY-CAR-OUTP   06-01 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> MAY CAR OUTPUT UP 2.2 PCT</TITLE>
+<DATELINE>    DETROIT, June 1 - </DATELINE><BODY>Ford Motor Co said its May North American
+car production rose 2.2 pct to 213,790 from 209,109 last year.
+    The company said its May truck production eased 4.7 pct to
+140,696 from 147,638 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6171" NEWID="17833">
+<DATE> 1-JUN-1987 17:10:30.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2564&#31;reute
+r f BC-WESTPORT-BANK-&lt;WBT.O>   06-01 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTPORT BANK &lt;WBT.O> SETS 2-FOR-1 SPLIT</TITLE>
+<DATELINE>    WESTPORT, Conn., June 1 - </DATELINE><BODY>Westport Bank Corp Inc  aid its
+board has declared a 2-for-1 stock split of Westport's common
+and an increase in its quarterly cash dividend.
+    The company said the split will be effective in the form of
+a 100 pct stock dividend on Westport's outstanding common with
+a distribution date of July six to shareholders of record on
+June 12.
+    The company said the pre-split quarterly cash dividend is
+26 cts per share, up from 25 cts the previous year, to paid on
+July one to shareholders of record on June 12.
+   
+    Westport Bank said a quarterly dividend of 13 cts a share
+will be paid on shares outstanding after the 2-for-1 split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6172" NEWID="17834">
+<DATE> 1-JUN-1987 17:10:48.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2567&#31;reute
+d f BC-CHARTER-POWER-SYSTEMS   06-01 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHARTER POWER SYSTEMS INC &lt;CHP> 1ST QTR</TITLE>
+<DATELINE>    PLYMOUTH MEETING, Pa, June 1 -
+    </DATELINE><BODY>Shr 11 cts vs 21 cts
+    Net 563,000 vs 863,00
+    Revs 28.8 mln vs 32.5 mln
+    Avg shrs 5.0 mln vs 3.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6173" NEWID="17835">
+<DATE> 1-JUN-1987 17:10:54.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2568&#31;reute
+d f BC-FINANCIAL-SECURITY-&lt;F   06-01 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL SECURITY &lt;FSSLA.O> TO BE ACQUIRED</TITLE>
+<DATELINE>    DELRAY BEACH, Fla, June 1 - </DATELINE><BODY>Financial Security Savings and
+Loan Association said it signed a letter of intent for a
+controlling interest to be acquired by an investor group led by
+South Florida developer William Landa.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6174" NEWID="17836">
+<DATE> 1-JUN-1987 17:11:06.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2569&#31;reute
+d f BC-E-SYSTEMS-&lt;ESY>-SEES   06-01 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E-SYSTEMS &lt;ESY> SEES REDUCED SECOND QUARTER</TITLE>
+<DATELINE>    DALLAS, June 1 - </DATELINE><BODY>E-Systems said it expects earnings for the
+second quarter will likely be below prior expectations due to a
+reduction in investment income and higher than expected costs
+on several power amplifier programs.
+    The company said it does not expect to match the 52 cts a
+share net income reported for the second quarter last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6175" NEWID="17837">
+<DATE> 1-JUN-1987 17:12:27.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2571&#31;reute
+b f BC-BURLINGTON   06-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDELMAN GROUP CUTS BURLINGTON &lt;BUR> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>New York investor Asher Edelman and
+Dominion Textile Inc &lt;DTX.T>, who are currently seeking to
+acquire Burlington Industries Inc in a hostile tender offer,
+said they lowered their stake in the company.
+    In a filing with the Secruties and Exchange Commission, the
+Edelman/Dominion group, known as Samjens Acqusition Corp, said
+it sold options to buy 258,800 Burlington common shares,
+reducing its stake in the company to 3,408,813 shares, or 12.33
+pct, from 3,667,313 shares, or 13.3 pct.
+    The group said the sale, which represented all the
+Burlington options it owned, was made May 28 for 8.7 mln dlrs.
+    The Edelman/Dominion group last week sweetened its hostile
+tender offer to 77 dlrs a share, after Burlington agreed to a
+leveraged buyout by a Morgan Stanley and Co-backed group for 76
+dlrs a share.
+    But the Edelman/Dominion group, which has litigation
+pending against Burlington, also said it has held talks with
+Morgan Stanley about "the possibility of settlement of
+outstanding matters among" it, Morgan Stanley and Burlington.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6176" NEWID="17838">
+<DATE> 1-JUN-1987 17:12:43.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2572&#31;reute
+d f BC-GM-MAY-CAR-OUTPUT-FAL   06-01 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM MAY CAR OUTPUT FALLS 26.3 PCT</TITLE>
+<DATELINE>    DETROIT, June 1 - </DATELINE><BODY>General Motors Corp said its May North
+American car production fell 26.3 pct to 328,221 units from
+445,440 a year ago.
+    The company said its May production of commercial vehicles
+(trucks and buses) rose 5.1 pct to 158,444 from 150,752 a year
+ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6177" NEWID="17839">
+<DATE> 1-JUN-1987 17:13:31.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f2575&#31;reute
+u f BC-CRAZY-1STLD WRITETHROUGH  06-01 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTERTAINMENT MARKETING TOPS CRAZY EDDIE OFFER</TITLE>
+<AUTHOR>    By Michael Connor, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>A quickly growing Texas-based
+distributor of electronics products offered 240 mln dlrs
+for Crazy Eddie Inc &lt;crzy>, the leading New York City
+electronics retailer, or one dlr per share more than its
+founder has bid.
+    The 8-dlr-a-share offer by Entertainment Marketing Inc &lt;em>
+for Crazy Eddie comes less than two weeks after founder Eddie
+Antar and a firm controlled by the Belzbergs of Canada
+announced a bid to take the 32-store Crazy Eddie chain private.
+    Analysts said Entertainment Marketing, whose revenues and
+profits quadrupled in 1986, may be looking to break into the
+highly competitive New York City retail market for consumer
+electronics, the nation's biggest, at a time the fortunes of
+electronics retailers have sagged.
+    The analysts questioned whether Houston-based Entertainment
+Marketing, founded by a former electronics retailer but whose
+present buinesses are primarily as wholesale distributors, had
+the management expertise for retailing or was merely trying to
+drive up the price of the Crazy Eddie shares it already owns.
+    "I have mixed feelings," said analyst Dennis Telzrow of
+Eppler, Geurin and Turner, a Dallas brokerage. "On the one hand
+it's probably a cheap price. On the other hand, does
+Entertainment Marketing have the management talent to run it
+and will the Crazy Eddie people leave?"
+    "It's a risky strategy for Entertainment Marketing," said
+analyst Eliot Laurence of Wessels Arnold and Henderson, a
+Minneapolis brokerage. "Electronics retailing is very management
+concentrated; they'd want to keep Crazy Eddie's management in
+place."
+    Laurence said that, since Entertainment Marketing already
+owns 4.3 percent of Crazy Eddie's 31.3 million shares, it may
+be trying to get the Antar-Belzberg group to increase its
+7-dlr-a-share offer.
+    Shares of Crazy Eddie, which have jumped from the high
+4-dlr range to above 7 dlrs since the Antar-Belzberg bid was
+announced May 20, rose another 50 cents Monday to 8.375 a share
+in over-the- counter trading. 
+    Antar, the reclusive founder of the chain in the New York
+City, Philadelphia and Connecticut areas, said last month that
+his group controlled 14 percent of Crazy Eddie's shares.
+    A Crazy Eddie spokesman said the company's board has taken
+no decision on the Antar-Belzberg offer, worth some 187 mln dlrs
+since they own more shares than Entertainment Marketing. He
+would not comment on the new offer.
+    Entertainment Marketing sells computer products such as
+disk drives and other, often discounted electronics goods to
+retailers, primarily in the southwest, and directly to
+consumers by cable television.
+    In fiscal 1986, ending last January, its revenues rose to
+87.9 mln dlrs from 21.3 mln dlrs the previous year. Net profit
+went to 3.2 mln dlrs from 750,000 dlrs in 1985.
+    Entertainment Marketing, whose chief executive officer,
+Elias Zinn, once ran an electronics retailing business, said in
+a statement it had committed 50 mln dlrs toward the purchase
+of Crazy Eddie and had retained Dean Witter Reynolds Inc to
+assist in financing the balance.
+    Analyst Telzerow estimated that the company would have to
+borrow about 100 mln dlrs to complete the proposed buyout since
+Crazy Eddie has cash and other assets worth about the same
+amount.
+    Shares of Entertainment Marketing were up 12.5 cents Monday
+to 9.50.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6178" NEWID="17840">
+<DATE> 1-JUN-1987 17:14:38.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2581&#31;reute
+f f BC-******SECURITY-PACIFI   06-01 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SECURITY PACIFIC TO ADD 500 MLN DLRS TO RESERVE FOR CREDIT LOSSES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6179" NEWID="17841">
+<DATE> 1-JUN-1987 17:17:47.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2593&#31;reute
+r f BC-PENTAGON-AWARDS-176.7   06-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTAGON AWARDS 176.7 MLN DLRS IN CONTRACTS</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>The U.S. Defense Department said it
+has awarded contracts totaling 176.7 mln dlrs to Grumman
+Aerospace Corp &lt;GQ>, GEC Avionics Ltd, General Dynamics Corp
+&lt;GD> and Refinery Associates.
+    The Pentagon said it has awarded Grumman Aerospace Corp a
+50.9 mln dlr addition to an existing contract for 18 F-14A
+Tomcat fighter aircraft.
+    It also said it has awarded General Dynamics Corp 50.1 mln
+dlrs for three contracts. General Dynamics Fort Worth Division
+was awarded a 41.3 mln dlrs in increase to existing contracts
+for foreign military sales of the F-16.
+    General Dynamics Corp's Electric Boat Division has been
+awarded an 8.8 mln dlr contract to provide logistics and
+training support requirements for the Trident Refit facility,
+the Defense Department said.
+    GEC Avionics Limited of Rochester, England, has been
+awarded a 35.4 mln dlr increase to an existing contract for 564
+air data computer kits and 920 mounting hardware kits for
+aircraft, the department said.
+    Refinery Associates Inc has been awarded 40.3 mln dlr
+contract for 93.2 mln gallons of various fuel oils, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6180" NEWID="17842">
+<DATE> 1-JUN-1987 17:19:13.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2598&#31;reute
+f f BC-******SECURITY-PACIFI   06-01 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SECURITY PACIFIC EXPECTS 175 MLN DLR LOSS IN QTR AS RESULT OF LOSS PROVISION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6181" NEWID="17843">
+<DATE> 1-JUN-1987 17:22:37.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2603&#31;reute
+r f BC-HOME-&lt;HME>-SAYS-IT-IS   06-01 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME &lt;HME> SAYS IT IS NOT AFFECTED BY RULING</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>The Home Insurance Co, a unit of the
+Home Group Inc, said it is not affected by a May 29 California
+court ruling that says 20 insurance companies must bear the
+costs of asbestos-injury claims.
+    The company said it had reached a settlement agreement with
+five former asbestos manufacturers that it had insured, prior
+to the Superior Court ruling that said insurers, and not
+asbestos makers, would have to pay the claims from the
+thousands of victims of asbestos-related illnesses.
+    Home Insurance did not disclose the terms of the
+settlement.
+   
+    Home Insurance said it had provided excess coverage to
+Manville Corp &lt;QMAN>, Armstrong World Industries &lt;ACK>,
+&lt;Fibreboard Inc>, GAF Corp &lt;GAF> and &lt;Nicolet Inc>.
+    Home Insurance said it had been negotiating for the past
+two years to reach a settlement with the five former asbestos
+manufacturers to establish the amount of coverage that Home
+Insurance would provide in the claims.
+    The company said the settlement does not impact current or
+future earnings of the Home Insurance or its parent, Home
+Group, and that it will no longer offer insurance for
+asbestos-related incidents.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6182" NEWID="17844">
+<DATE> 1-JUN-1987 17:23:41.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM Y
+&#22;&#22;&#1;f2605&#31;reute
+b f BC-GEMAYEL-NAMES-ACTING   06-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEMAYEL NAMES ACTING PREMIER</TITLE>
+<DATELINE>    BEIRUT, June 1 - </DATELINE><BODY>President Amin Gemayel named Sunni Moslem
+Education Minister Selim Hoss as acting prime minister
+following the assassination of Premier Rashid Karami, a
+presidential palace statement said.
+    "After consultations by President Amin Gemayel with
+political and religious leaders the president decided to name
+Selim Hoss as acting prime minister," said the statement
+broadcast on local radio stations.
+    Moslem leaders proposed Hoss, a former premier, as acting
+prime minister after Karami died of injuries from a bomb that
+exploded aboard his helicopter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6183" NEWID="17845">
+<DATE> 1-JUN-1987 17:30:50.21</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2619&#31;reute
+f f BC-******S/P-AFFIRMS-RAT   06-01 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P AFFIRMS RATINGS ON SECURITY PACIFIC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6184" NEWID="17846">
+<DATE> 1-JUN-1987 17:37:27.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A
+&#22;&#22;&#1;f2637&#31;reute
+b f BC-SECURITY-PACIFIC-&lt;SPC   06-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC &lt;SPC> ADDS 500 MLN TO RESERVE</TITLE>
+<DATELINE>    LOS ANGELES, June 1 - </DATELINE><BODY>Security Pacific Corp said it intends
+to add 500 mln dlrs to its provision for credit losses during
+the second quarter, a move that will result in a loss for the
+period of about 175 mln dlrs.
+    The company added, however, that it now expects to post a
+profit for the full year of about 150 mln dlrs.
+    Security Pacific said the reserve is specifically related
+to its loans to the developing world.
+    Security Pacific, which has assets of about 64 billion
+dlrs, reported 1986 net income of 385.9 mln dlrs. Last year it
+posted second quarter net income of 93.5 mln.
+    In making the announcement, Security Pacific said the extra
+500 mln dlrs will raise its reserve for credit losses to about
+1.3 billion dlrs, or 2.8 pct of total loans and leases
+outstanding.
+    It said the amount of reserves allocated to Lesser
+Developed Country (LDC) debt represents about one-third of the
+company's total LDC debt portfolio.
+    A spokesman said the company currently has LDC debt
+exposure of about 1.8 billion dlrs. The company's total loan
+portfolio at March 31 stood at 44.4 billion dlrs.
+    The Security Pacific move follows similar provisions by
+several other money center banks.
+    Last month Citicorp &lt;CCI> led the move by annoucing a three
+billion dlr addition to its reserve to help bolster its
+protection against uncertainties in the economic world.
+    Chase Manhattan Corp &lt;CMB> followed with a 1.6 billion dlr
+addition to its credit loss reserve.
+    "While our LDC debt exposure is relatively small, we think
+that the LDC debt environment has been altered significantly
+given the recent actions of other major financial
+institutions," Security Pacific chairman Richard Flamson said
+in a statement.
+    Following its 500 mln dlr addition to the credit loss
+reserve, its primary capital ratio at the end of the second
+quarter will be about 7.4 pct, Security Pacific said.
+    The company further stated that it anticipates continuing
+its current dividend payment at an annual rate of 1.80 dlrs per
+share.
+    The company also stressed that it is not writing off loans
+to the developing world but rather, adding to its reserves will
+allow greater flexibility when dealing with these credits in
+the future.
+    Security Pacific also said it intends to play a continuing
+role in meeting the needs of those countries.
+    Security Pacific is the nation's sixth largest bank holding
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6185" NEWID="17847">
+<DATE> 1-JUN-1987 17:38:20.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2638&#31;reute
+h f BC-FIRST-UNION-&lt;FUNC.O>   06-01 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION &lt;FUNC.O> COMPLETES ACQUISITIONS</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., June 1 - </DATELINE><BODY>First Union Corp said it
+completed the acquisition of two Florida-based banks, North
+Port Bank, based in North Port, and City Commerical Bank, based
+in Sarasota.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6186" NEWID="17848">
+<DATE> 1-JUN-1987 17:38:45.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2639&#31;reute
+h f BC-CROP-GENETICS-INTERNA   06-01 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CROP GENETICS INTERNATIONAL &lt;CROP.O> 4TH QTR</TITLE>
+<DATELINE>    HANOVER, Md., June 1 - </DATELINE><BODY>4th qtr ended March 31.
+    Shr loss 24 cts vs loss 19 cts
+    Net loss 751,900 vs loss 569,000
+    Revs 497,500 vs 811,400
+    Year
+    Shr loss 1.13 dlrs vs loss 70 cts
+    Net loss 3,472,700 vs 1,990,300
+    Revs 2,484,100 vs 2,498,300
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6187" NEWID="17849">
+<DATE> 1-JUN-1987 17:46:32.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2658&#31;reute
+r f BC-INVESTORS-MAY-TAKE-CO   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS MAY TAKE COMPUTERLAND PUBLIC</TITLE>
+<AUTHOR>    BY LAWRENCE EDELMAN, REUTERS</AUTHOR>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>The investor group that has agreed to
+buy &lt;Computerland Corp> will likely take the leading personal
+computer retailer public or sell it to other investors,
+industry analysts said.
+    "Now's a good time," said Joe Levy of International Data
+Corp. "The personal computer industry has bottomed out and is
+on the way up again," he said.
+    Earlier today, closely held Computerland, the largest PC
+retailing chain in the country, said it agreed to be bought by
+an investor group led by E.M. Warburg Pincus and Co, New York.
+    Neither Computerland, which is 96 pct owned by its founder,
+William H. Millard, nor E.M. Warburg, a money management and
+venture capital firm, would disclose the value of the
+transaction.
+    Analysts estimated that Computerland, whose 800 stores
+generated 1.4 billion dlrs in sales last year, would fetch  150
+mln dlrs to 250 mln dlrs. Computerland franchise owners pay
+royalties averaging 5.9 pct to the parent company.
+    Officials for E.M. Warburg referred all questions to
+Computerland. Computerland officials could not immediately be
+reached for comment.
+    E.M. Warburg currently manages 1.5 billion dlrs in venture
+capital funds, and its past investments have included Mattel
+Inc &lt;MAT> and the Ingersoll newspaper chain. It is also a money
+manager, with 3.5 billion dlrs under management.
+   Although the PC retailers are benefitting from the strong
+upturn in PC sales, analysts said Computerland must make key
+changes if it is to fend off advances from rivals like
+Businessland Inc &lt;BUSL.O> and Tandy Corp's &lt;TAN> Radio Shack
+stores. "The name of the game now is outbound sales forces,
+customer service and customer support," said Levy of
+International Data.
+
+    Relations between Computerland and its franchise owners
+have mellowed recently after Millard was forced to give up
+managment control of the company in 1985.
+    Ed Faber, who took over as chairman and chief executive
+officer, revamped the company's royalty plan, which help quell
+much of the franchisee dissent.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6188" NEWID="17850">
+<DATE> 1-JUN-1987 17:50:09.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2662&#31;reute
+b f BC-S/P-AFFIRMS-RATINGS-O   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P AFFIRMS RATINGS ON SECURITY PACIFIC &lt;SPC></TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed Security Pacific Corp's 4.5 billion dlrs of debt.
+    S and P said that although the bank's decision today to
+increase its reserve against developing country debt by 500 mln
+dlrs will result in a loss in the second quarter, the firm
+still expects to report a profit for the year.
+    Affirmed were Security Pacific's AA senior debt, AA-minus
+subordinated debt and preferred stock and A-1-plus commercial
+paper. Also, uninsured certificates of deposit of Security
+Pacific National Bank and Arizona Bank of Phoenix were affirmed
+at AA/A-1-plus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6189" NEWID="17851">
+<DATE> 1-JUN-1987 17:53:42.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2668&#31;reute
+r f BC-DIGITAL-COMMUNICATION   06-01 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL COMMUNICATIONS &lt;DCAI> INTRODUCES ITEMS</TITLE>
+<DATELINE>    ALPHARETTA, Ga., June 1 - </DATELINE><BODY>Digital Communications Associates
+Inc said it introduced four new personal computer
+communications products, including equipment designed for the
+recently anounced International Business Machines Corp &lt;IBM>
+personal system/2, and Apple Computer Inc's &lt;APPL.O> 's
+Macintosh II and Macintosh SE computers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6190" NEWID="17852">
+<DATE> 1-JUN-1987 17:54:13.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2670&#31;reute
+r f BC-UNITED-PARK-&lt;RPK>-HAS   06-01 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED PARK &lt;RPK> HAS FULL SUBSCRIPTION</TITLE>
+<DATELINE>    SALT LAKE CITY, June 1 - </DATELINE><BODY>United Park City Mines Co said it
+had a full and complete subscription to all of the 5,400,731
+shares ot its common stock offered in connection with its
+recent rights offering.
+    It said it will issue 4,892,153 shares of its common under
+the basic subscription right and 508,578 shares of its common
+under the oversubscription privilege. It said it will also
+receive 2.7 mln dlrs in proceeds from the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6191" NEWID="17853">
+<DATE> 1-JUN-1987 17:54:25.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2671&#31;reute
+d f BC-LADD-&lt;LADD.O>-UNIT-CO   06-01 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LADD &lt;LADD.O> UNIT COMPLETES ACQUISITION</TITLE>
+<DATELINE>    HICKORY, N.C, June 1 - </DATELINE><BODY>Ladd Furniture Inc's Clayton-Marcus
+Furniture subsidiary said it completed the previously announced
+purchase of privately-held Colony House Furniture Inc
+for an undisclosed amount of cash and notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6192" NEWID="17854">
+<DATE> 1-JUN-1987 17:54:51.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2672&#31;reute
+d f BC-HYCOR-BIO-&lt;HYBD.O>-FO   06-01 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYCOR BIO &lt;HYBD.O> FORMS UNIT TO SELL PRODUCT</TITLE>
+<DATELINE>    FOUNTAIN VALLEY, June 1 - </DATELINE><BODY>Hycor Biomedical Inc said it was
+forming a unit, Hycor Instruments Inc, to distribute a line of
+chemistry analyzers made by &lt;JEOL Ltd> of Japan.
+    The product, called a "clinalyzer," is an automated blood
+analyzer capable of providing diagnostic and other tests for
+hospitals and clinics, the company said.
+    The company also said it has discussed distributing other
+products made by JEOL.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6193" NEWID="17855">
+<DATE> 1-JUN-1987 17:57:44.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2677&#31;reute
+u f BC-GENERAL-MOTORS-(GM)-C   06-01 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MOTORS (GM) CANADA TO CLOSE TRUCK CENTRE</TITLE>
+<DATELINE>    MONTREAL, June 1 - </DATELINE><BODY>General Motors of Canada Ltd said it
+will close its Montreal truck centre August 31, due to low
+sales volume, putting most of the centre's 131 employees out of
+work.
+    "The sales volume at the centre has been insufficient to
+support the operation," the company said in a statement.
+    "With the recently announced joint venture with Volvo to
+supply the heavy-duty truck market, customer requirements for
+the GM line of light and medium duty trucks will be better
+satisfied by GM dealers located throughout Quebec," the company
+said.
+    General Motors Canada said it will provide 52 weeks of
+layoff benefits for most employees and up to 104 weeks for some
+senior employees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6194" NEWID="17856">
+<DATE> 1-JUN-1987 17:59:06.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2680&#31;reute
+r f BC-INTL-THOMSON-&lt;ITO.TO>   06-01 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTL THOMSON &lt;ITO.TO> PLANS PREFERRED ISSUE</TITLE>
+<DATELINE>    TORONTO, June 1 - </DATELINE><BODY>International Thomson Organization Ltd
+said it planned an issue in all of Canada except Quebec of two
+mln 1.85 dlr cumulative redeemable retractable series one
+preferred shares.
+    It said that underwriters McLeod Young Weir Ltd and Wood
+Gundy Inc agreed to acquire the issue at 25.568 dlrs a share,
+with yield to retraction on October 15, 1991 of 7-1/8 pct a
+year. The company said it also agreed to sell to the two
+underwriters two mln 1.84375 dlr series four cumulative
+redeemable retractable preferred shares, which will be resold
+privately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6195" NEWID="17857">
+<DATE> 1-JUN-1987 18:10:23.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2694&#31;reute
+r f BC-CIS-&lt;CISIF.O>-AGREES   06-01 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIS &lt;CISIF.O> AGREES TO SECOND EXTENSION</TITLE>
+<DATELINE>    TULSA, Okla., June 1 - </DATELINE><BODY>CIS Technologies Inc said that it
+and the Swiss Reinsurance Co of Zurich, Switzerland agreed to a
+second extension of two dates for the final part of their share
+purchase agreement.
+    It said the June one election date has been extended to
+June 15 and the June 30 closing date has been changed to July
+31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6196" NEWID="17858">
+<DATE> 1-JUN-1987 18:16:32.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2698&#31;reute
+r f BC-ELSINORE-&lt;ELS>-MAKES   06-01 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELSINORE &lt;ELS> MAKES DEPOSIT TO COVER BONDS</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Elsinore Corp said it deposited five mln
+dlrs to cover accrued and unpaid interest through June 30 of
+the 15-1/2 pct senior mortgage bonds of 1999 of its unit
+Elsinore Finance Corp.
+    Elsinore has guaranteed the payment of its unit's bonds.
+    The parent deposited the five mln dlrs with Elsinore
+Finance's trustee, Manufacturers Hanover Trust Co, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6197" NEWID="17859">
+<DATE> 1-JUN-1987 18:16:43.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2699&#31;reute
+r f BC-ARIZONA-NUCLEAR-PLANT   06-01 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARIZONA NUCLEAR PLANT RESTARTED AFTER SHUTDOWN</TITLE>
+<DATELINE>    WINTERSBURG, Ariz., June 1 - </DATELINE><BODY>The Palo Verde Unit 1 nuclear
+power plant returned to service today following an automatic
+shutdown early Saturday morning, the Arizona Nuclear Power
+Project said.
+    The shutdown came during a weekly test of feedwater pumps
+leading to the steam generators on the non-nuclear side of the
+plant, a Power Project spokesman said. A defective electrical
+relay caused a feedwater pump to stop operating, leading to an
+automatic shutdown of the plant, he said.
+    Palo Verde Unit 1 was restarted Sunday following repairs
+and surveillance testing. Unit 1 was operating at 40 pct power
+Monday and is expected to return to full power, about 1300
+megawatts, Tuesday, the spokesman said.
+    Palo Verde Unit 2 continues to operate at full power,
+generating 1347 gross megawatts, he said.
+    The Arizona Nuclear Power Project is a consortium including
+AZP Group's &lt;AZP> Arizona Public Service, El Paso Electric
+&lt;ELPA>, Public Service of New Mexico &lt;PNM> and Southern
+California Edison &lt;SCE>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6198" NEWID="17860">
+<DATE> 1-JUN-1987 18:18:22.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2701&#31;reute
+r f BC-WASTE-MANAGEMENT-&lt;WMX   06-01 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASTE MANAGEMENT &lt;WMX> BOARD OKAYS MODULAIRE BUY</TITLE>
+<DATELINE>    OAK BROOK, Ill., June 1 - </DATELINE><BODY>Waste Management Inc said its
+directors approved a May 10 accord with Modulaire Industries
+&lt;MODX.O> under which Waste Management would acquire Modulaire.
+    Under the agreement, Modulaire stockholders would receive
+16 dlrs in Waste Management stock for each Modulaire share.
+    Modulaire has scheduled a special shareholders meeting for
+July 15 to vote on the merger. Waste Management said it has
+received proxies from holders of 49.6 pct of Modulaire's common
+stock that could be voted in favor of the merger.
+    The Hart-Scott-Roding waiting period on the takeover will
+expire June 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6199" NEWID="17861">
+<DATE> 1-JUN-1987 18:23:07.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f2705&#31;reute
+b f BC-SECURITY-PACIFIC-&lt;SPC   06-01 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC &lt;SPC> ADDS 500 MLN TO RESERVE</TITLE>
+<DATELINE>    LOS ANGELES, June 1 - </DATELINE><BODY>Security Pacific Corp said it intends
+to add 500 mln dlrs to its provision for credit losses during
+the second quarter, a move that will result in a loss for the
+period of about 175 mln dlrs.
+    The company added, however, that it now expects to post a
+profit for the full year of about 150 mln dlrs.
+    Security Pacific said the reserve is specifically related
+to its loans to the developing world.
+    Security Pacific, which has assets of about 64 billion
+dlrs, reported 1986 net income of 385.9 mln dlrs. Last year it
+posted second quarter net income of 93.5 mln.
+    In making the announcement, Security Pacific said the extra
+500 mln dlrs will raise its reserve for credit losses to about
+1.3 billion dlrs, or 2.8 pct of total loans and leases
+outstanding.
+    It said the amount of reserves allocated to Lesser
+Developed Country (LDC) debt represents about one-third of the
+company's total LDC debt portfolio.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6200" NEWID="17862">
+<DATE> 1-JUN-1987 18:28:03.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2711&#31;reute
+d f BC-CANADA SCHEDULED-WEEKLY-COLUMN  06-01 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING &lt;BA> RESHAPING DE HAVILLAND IN OWN IMAGE</TITLE>
+<AUTHOR>    By Russ Blinch, Reuters</AUTHOR>
+<DATELINE>    OTTAWA, June 1 - </DATELINE><BODY>Boeing Co is attempting to recreate
+money-losing de Havilland Aircraft of Canada Ltd in its own
+image.
+    But it is a process that will be complex and, because the
+company was in worse shape than expected, time-consuming,
+according to de Havilland president Ron Woodard.
+    Yet Woodard, a former Boeing executive, believes the
+makeover is absolutely essential to revitalize the historic
+company Boeing bought from the Canadian government a year ago.
+    "These are very complex, deep problems that you don't change
+overnight," Woodard told Reuters in an interview as he outlined
+his vision of transforming de Havilland into a diversified
+manufacturer and an important cog in Boeing's worldwide
+operations.
+    "We've got to get our house in order. We've got to get lots
+of Boeing (sub-contract) work in here and we've got to get
+Boeing's systems in here and just get to be part of the
+worldwide support system."
+    But based on de Havilland's turbulent flight path in recent
+years, the task will also not be easy.
+    Formed in 1928 as an offshoot of the British operation
+started by Geoffrey de Havilland, the company has turned out a
+variety of small aircraft. During World War II it produced the
+unique wooden Mosquito bomber for the Allied Command.
+    In the postwar years that de Havilland became renowned
+internationally for its rugged bush planes.
+    Canada's Liberal government, interested in developing de
+Havilland's STOL (Short Take Off and Landing) technology,
+acquired the firm in 1974 and poured 830 mln Canadian dlrs into
+it over a dozen years, helping to develop the 50-seat Dash 7
+and 39-seat Dash 8 commuter aircraft.
+    Amid accusations of a sellout, the pro-business
+Conservative government sold the company to Boeing in 1986 for
+90 mln Canadian dlrs, or less than the price of one of Boeing's
+747s.
+    Woodard believes de Havilland, which has not made a profit
+since 1982, suffered from neglect under government control. It
+was also in worse condition than anticipated, and
+the company has approached Ottawa for compensation for what it
+believes were unexpected shortcomings at the plant.
+    "We found to our shock, to our surprise, last August we had
+very serious health and safety regulation violations," said
+Woodard.
+    Although he would not divulge how much is being sought,
+Woodard said it would be in excess of the 10 mln Canadian dlrs
+already spent on replacing the plant's outmoded ventilation
+system.
+    Yet Woodard is optimistic that once Boeing's manufacturing
+systems are in place, the company can begin delivering planes
+on time and at a profit -- possibly within a year and a half.
+    "We've got a great product and if we can get everyone
+heading the same way we're just going to eat the rest of the
+world," Woodard predicted.
+    Company officials said production of the 6-mln-U.S.-dlr 
+Dash 8 has been doubled to four a month and they hope to reach
+six a month by year end.
+    Some 63 Dash 8s are on order and there are options for the
+purchase of another 27. For the brand new "stretch" or extended
+version of the plane, 23 have been ordered and 11 are under
+option.
+    Woodard said that while de Havilland has a commanding grip
+on the North American commuter market, which has been booming
+under airline deregulation, the company has only a 30 pct
+market share worldwide.
+    "I'd like to see us make some overseas penetrations. There
+are a lot of places now where people are starting to
+deregulate. I think the next big, big growth area is probably
+Europe," he said.
+    De Havilland now has 5,500 employees, up from 4,300 when
+Boeing bought the company. All manufacturing is located at its
+Downsview Airport site in Toronto.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6201" NEWID="17863">
+<DATE> 1-JUN-1987 18:30:28.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2719&#31;reute
+u f BC-BURLINGTON-&lt;BUR>-HEAR   06-01 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURLINGTON &lt;BUR> HEARING TO CONTINUE TOMORROW</TITLE>
+<DATELINE>    Greensboro, N.C., June 1 - </DATELINE><BODY>U.S. District Court Judge Eugene
+A. Gordon said he plans to issue a decision tomorrow on
+Burlington Industries Inc's request for an injunction to stop
+Samjens Acquisition Corp's takeover bid for the company.
+    Wall Street sources have said the outcome of the case could
+be pivotal in determining the winner in the fierce takeover
+battle for Burlington, the largest u.s. textile maker.
+    Gordon presided over six hours of argument today by lawyers
+for Burlington and Samjens, a partnership formed by Dominion
+Textile Inc and New York investor Asher Edelman.
+    Hearings are scheduled to continue tomorrow. A preliminary
+injunction would hold up Samjens 2.47 billion dlr offer until
+the case is decided.
+    Burlington had previously agreed to a 2.44 billion dlr
+buyout from Morgan Stanley Group Inc &lt;MS>, one dlr per share
+lower than a sweetened 77 dlr per share bid made by Samjens
+last week. Burlington has not responded to the new Samjens
+offer.
+    Burlington has alleged in its lawsuit that Edelman and
+Dominion used illegally obtained confidential information about
+the company in making their takeover attempt.
+ 
+    That information, Burlington said, was provided by James
+Ammeen, a former Burlington executive, through PaineWebber
+Group Inc &lt;PWJ>. Ammeen, who had worked for Burlington for 23
+years, had as many as 12 divisions with 50 pct of Burlington's
+sales reporting to him. When he left Burlington in November,
+1985, Burlington said he signed a contract promising never to
+divulge inside information about the company.
+    Burlington lawyers said shortly after he left he began
+working with a PaineWebber employee on a hostile plan to
+"takeover the company, dismember the company and displace its
+management," Burlington lawyer Hubert Humphrey said.
+    Samjens lawyers acknowledged it received information from
+PaineWebber, but argued the information was public information
+and could be obtained either from texitle industry analysts or
+Burlington's public financial statements.
+    Burlington lawyers said PaineWebber and Ammeen met with
+Edelman and Dominion in November and continued to meet with
+them until a couple of days before Edelman and Dominion went
+public April 24 with their intention to take over the company.
+Burlington lawyers claim Dominion's board decided to attempt a
+takeover of Burlington after Ammeen met with the board in
+February.
+    Burlington lawyers said Edelman and Dominion held
+discussions with PaineWebber and Ammeen about acting as
+financial advisers to Samjens. But they allege talks broke off
+because Painewebber and Ammeen could not satisfy Edelman and
+dominion with a written statement that they did not provide
+inside information.
+    Lawyers for Samjens contended that Painewebber and Ammeen
+withdrew as potential advisers because Burlington chairman
+Frank Greenberg had called a PaineWebber executive and
+threatened legal action if PaineWebber got involved in an
+effort to takeover Burlilgnton.
+    "The ultimate question is not the price per share or the
+profit, but rather the permissable standards of conduct for
+those who would takeover an American company," said burlington
+lawyer Humphrey.
+    Burlington lawyers also contended that Burlington, as the
+largest manufacturer of denim in the United States, would be in
+violation of anti-trust laws if it acquired Dominion, Canada's
+largest textile maker. Dominion has denim manufacturing plants
+in Georgia, which would reduce competition in the denim market,
+the lawyers said.
+    Samjens' lawyers discounted the concern. They said the
+market for denim is more fragmented than Burlington contends
+and that Burlington has the ability to switch between light
+weight and heavy weight denim production as demand and price
+dictate.
+    Samjens lawyers also pointed to a lawsuit filed by
+Burlington in Canada, in which it said it was considering a bid
+for Dominion. "Surely, what would have been sauce for the goose
+would have been sauce for the gander," said Sidney Rosdeitcher,
+a Samjens lawyer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6202" NEWID="17864">
+<DATE> 1-JUN-1987 18:37:13.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2730&#31;reute
+u f BC-EDELMAN-DETAILS-BURLI   06-01 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDELMAN DETAILS BURLINGTON &lt;BUR> OPTIONS SALE</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>A tender offer of Asher Edelman and
+Dominion Textile Ltd &lt;DTX.TO> for Burlington Idustries Inc is
+not affected by the investors' sale of options to buy
+Burlington stock, according to an associate of Edelman.
+    Noting that "our tender offer is definitely in place" the
+aide said the investors are prohibited by Securities and
+Exchange Commission regulations from exercising options as long
+as a tender offer is open. The options are due to expire at the
+end of June.
+    He said the May 28 sale of options to buy 258,800
+Burlington shares was thus a "non-event."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6203" NEWID="17865">
+<DATE> 1-JUN-1987 18:40:42.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2736&#31;reute
+b f BC-CONFERENCE-BOARD-FIND   06-01 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONFERENCE BOARD FINDS US BUSINESS CONFIDENCE UP</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Business leaders' confidence in the U.S.
+economy has improved slightly, but many top executives express
+concern about prospects for the second half of this year, the
+Conference Board said.
+    The board's measure of business confidence closed at 55 in
+the 1987 first quarter, up from 51 in the 1986 fourth quarter.
+    However, the Board said virtually all of the gain reflected
+optimism about current conditions rather than prospects for the
+last half of 1987. The survey covers over 1,000 chief
+executives and other top-level executives, representing a wide
+cross section of business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6204" NEWID="17866">
+<DATE> 1-JUN-1987 18:42:25.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2737&#31;reute
+u f BC-CONT'L-MATERIALS-&lt;CUO   06-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONT'L MATERIALS &lt;CUO> ENDS CONSIDERATION OF BID</TITLE>
+<DATELINE>    CHICAGO, June 1 - </DATELINE><BODY>Continental Materials Corp said its
+directors decided not to give further consideration to
+"business combination" proposed by a stockholder group that
+holds 5.2 pct of Continental Materials stock.
+    Continental Materials said the offer had been received from
+Continental Associates, a group of St. Louis businessmen.    
+According to Continental Materials, the group said May 11 it
+might boost its stake in Continental Materials. But the group
+also said in a letter last week to the company that the group
+had no financing. The board "did not consider it an official
+offer," a Continental Materials spokeswoman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6205" NEWID="17867">
+<DATE> 1-JUN-1987 18:51:52.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2746&#31;reute
+r f BC-AMERIBANC-&lt;AINV.O>,-C   06-01 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERIBANC &lt;AINV.O>, CARDINAL END ACQUISITION</TITLE>
+<DATELINE>    ANNANDALE, Va., June 1 - </DATELINE><BODY>Ameribanc Investors Group and
+Cardinal Savings and Loan Association jointly announced that
+the proposed acquisition of Cardinal by Ameribanc has been
+terminated by mutual agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6206" NEWID="17868">
+<DATE> 1-JUN-1987 18:56:13.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2749&#31;reute
+r f BC-FORMER-SANTA-FE-DIREC   06-01 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER SANTA FE DIRECTOR SENTENCED AND FINED</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Darius Keaton, 63, former director of
+Santa Fe International Corp, was sentenced to two months in
+jail and fined 11,000 dlrs for trading the company's stock on
+insider knowledge of its 1981 two-billion-dlr takeover.
+    Keaton, who was sentenced in Manhattan Federal Court,
+pleaded guilty to wire fraud and failing to report to the
+Securities and Exchange Commission that he used his inside
+knowledge of a takeover by Kuwait Petroleum to buy shares of
+Santa Fe's stock before the takeover was disclosed.
+     Keaton must also serve 1,000 hours of community service
+after which he will be placed on probation for five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6207" NEWID="17869">
+<DATE> 1-JUN-1987 19:03:07.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2758&#31;reute
+r f BC-PRESIDENTIAL-&lt;PAIR.O>   06-01 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESIDENTIAL &lt;PAIR.O> APRIL LOAD FACTOR DROPS</TITLE>
+<DATELINE>    WASHINGTON, June 1 - </DATELINE><BODY>Presidential Airways Inc said its load
+factor for April was 43.8 pct compared with 44.6 pct in the
+year-ago period.
+    The airline also said its revenue passenger miles were 53.2
+mln compared with 30.9 mln in April 1986 and available seat
+miles increased to 119.3 mln compared to 70.7 mln.
+    Presidential also reported that for the first quarter it
+had a loss of 72 cts a share compared with a loss of 98 cts a
+share in the year-ago quarter. Revenues were 20.6 mln dlrs,
+compared with 11.8 mln dlrs in the year-ago period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6208" NEWID="17870">
+<DATE> 1-JUN-1987 19:20:20.95</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2774&#31;reute
+r f BC-venezuela-obtained-30   06-01 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA GETS 300 MLN DLRS CREDIT FOR ALUMINUM</TITLE>
+<DATELINE>    CARACAS, June 1 - </DATELINE><BODY>Venezuela has obtained more than 300 mln
+dlrs in financing for industrial projects and increased its
+lines of credit for import financing, finance minister Manuel
+Azpurua said.
+    'We can say that we are achieving the recuperation of
+credit, but that cannot be done overnight,' Azpurua said in a
+television interview.
+    He said a credit agreement for 100 mln marks will be signed
+this week with the German state bank Kreditanstalt fur
+Wiederaufbau (KFW), to finance an expansion of the state
+aluminum company Venalum.
+    The credit will be divided into two separate agreements,
+one for 85 mln marks with an interest rate of 6.13 pct, and
+another for 15 mln marks, at 6.20 pct.
+    Azpurua said financing has also been obtained for expansion
+of Alcasa, another state aluminum company, and for projects in
+the state steel and petrochemical industries.
+    Yesterday, he said Venezuela obtained two new credits of
+5.0 mln dlrs each for export financing, one from Credit du Nord
+of France and the other from Britain's Midland Bank.
+    The Venezuelan government has been criticised at home for
+failing to obtain new credits, despite its insistence on
+repaying foreign debt according to the terms of a rescheduling
+accord reached last February.
+    Azpurua recently visited Tokyo hoping to acquire new
+credits for industrial expansions but clinched no agreements.
+Japanese officials refused to allow a new issue of Venezuelan
+bonds until the country regains its 'Triple A' credit rating.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6209" NEWID="17871">
+<DATE> 1-JUN-1987 19:23:02.38</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2776&#31;reute
+u f BC-/U.S.-TRADE-DATA-SEEN   06-01 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TRADE DATA SEEN AS KEY TO DOLLAR TREND</TITLE>
+<AUTHOR>    BY HISANOBU OHSE, REUTERS</AUTHOR>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>The dollar's recent signs of stability
+have raised hopes that its 27-month decline may be nearly over,
+but most currency analysts refuse to commit themselves until
+after the June 12 release of U.S. trade data for April.
+    "The trade data will be a deciding factor to see if the
+dollar has bottomed out," said Jim McGroarty of Discount Corp.
+    Since February 1985, the dollar has nearly halved its value
+against the yen and the mark as part of an officially
+orchestrated campaign to make U.S. goods more competitive on
+world markets and redress gaping world trade imbalances.
+    On April 27, the dollar fell to a 40-year low of 137.25 yen
+but has enjoyed a modest recovery over the last few weeks,
+topping 145 yen today for the first time in nearly two months.
+    Many economists now believe that the dollar has fallen far
+enough to ease the trade deficit's drag on the U.S. economy.
+    The U.S. trade gap narrowed to 13.6 billion dlrs in March
+from 15.1 billion in February and is expected to show continued
+improvement in April in volume, if not in real, terms.
+    Keiichi Udagawa of Bank of Tokyo in New York said that if
+further progress is reported, the dollar would head back up
+towards 150 yen.
+    "There is growing consensus that the dollar has bottomed
+out for the medium term," added Tom Campbell of First National
+Bank of Chicago.
+    Other factors supporting this bullish view were growing
+expectations that Federal Reserve Chairman Paul Volcker would
+be reappointed for a third four-year term in August, Japan's
+larger-than-expected economic stimulus package last week and 
+more favorably technical chart signals, analysts said.
+    The dollar was also aided by Japan's moves to dampen
+speculative selling in Tokyo and by reports of active central
+bank intervention to support the dollar.
+    The Federal Reserve Bank of New York said last week that
+the U.S. monetary authorities bought more than four billion
+dlrs during the February-April period -- the largest amount
+since the dollar crisis of the late 1970's.
+    Discount Corp's McGroarty described the Fed's intervention
+volume as "impressive".
+    James O'Neill of Marine Midland Bank was not so positive,
+however: "the dollar has not yet bottomed out. After the trade
+data are released, the dollar could fall towards 1.77 marks and
+140 yen."
+    Similarly, Natsuo Okada of Sumitomo Bank in New York
+warned, "I don't think the dollar has bottomed out yet."
+    Although the dollar could rise as high as 146.50 yen, Okada
+said market impatience about the painstakingly slow decline of
+the U.S. trade deficit may lead to renewed pressure.
+    Currency analysts also warned about an unfavorable reaction
+to the seven-nation economic Summit on June 8 to 10 in Venice,
+which is likely to focus on the implementation of previous
+commitments rather than yield any fresh initiatives.
+    President Reagan said today, "economic policy decisions
+made last year in Tokyo and at this year's meetings of Group of
+Seven finance ministers in Paris and Washington cannot be
+ignored or forgotten."
+    "The commitments made at these meetings need to be
+translated into action," he added in a speech, celebrating the
+40th anniversary of the Marshall aid plan for Europe.
+    Now that Tokyo has unveiled its fiscal stimulus package,
+analysts expected Bonn and the dollar/mark rate to bear the
+brunt of U.S. calls for further action.
+    Marine Midland's O'Neill said, "pressure will build up on
+Germany to take stimulative action like Japan."
+    Some Japanese bank dealers warned that although the dollar
+could hold above 145 yen for some months it could also come
+under attack again if it seems the latest economic package is
+not having much impact on Japan's economy and its trade
+surplus. Reflecting a longer-term uncertainty, some some trust
+banks and Japanese insurers are keeping their short dollar
+positons hedged against exchange losses in their foreign
+portfolios, while some others have started covering those short
+positions, Japanese bank dealers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6210" NEWID="17872">
+<DATE> 1-JUN-1987 19:42:43.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2794&#31;reute
+r f BC-COURT-UPHOLDS-BANK-BU   06-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT UPHOLDS BANK BUILDING &lt;BB> SELF-TENDER</TITLE>
+<DATELINE>    ST. LOUIS, June 1 - </DATELINE><BODY>Bank Building and Equipment Corp of
+America said the Delaware Chancery Court denied a stockholder's
+request for a preliminary injunction against an
+offer for Bank Building stock made by the company and its
+employee stock ownership plan and trust.
+    Bank Building said the joint offer is for 780,300 shares of
+Bank Building stock at 14 dlrs a share. The offer is scheduled
+to expire midnight (EDT) on June 2.
+    Bank Building also said its board set July 30 as the date
+of the company's annual meeting, with a record date of July
+six.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6211" NEWID="17873">
+<DATE> 1-JUN-1987 19:47:28.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2796&#31;reute
+u f BC-HARCOURT-&lt;HBJ>-DEBENT   06-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARCOURT &lt;HBJ> DEBENTURES MAY TRIGGER SUIT</TITLE>
+<DATELINE>    NEW YORK, June 1 - </DATELINE><BODY>Holders of convertible subordinated
+debentures of Harcourt Brace Jovanovich Inc threatened to sue
+the company if they do not get more information about how their
+investment will be affected by the company's proposed
+recapitalization plan.
+    The holders, none of whom was willing to be identified,
+said although Harcourt has urged that they convert their shares
+to common stock by the June eight record date for a special
+dividend, they were unable to determine if it might be better
+for them to continue holding the debentures.
+   
+    "There are rumors that various houses will bring litigation
+if we don't get answers," said a Wall Street source. Officials
+of Harcourt declined to comment, citing a suit brought by
+British publisher Robert Maxwell whose has been trying to
+acquire Harcourt.
+    Executives of First Boston Inc, Harcourt's financial
+adviser, did not return a telephone call seeking comment.
+    When it announced its recapitalization May 26 Harcourt
+advised holders of the 6-3/8 pct convertible subordinated
+debentures due 2011 to convert into common by the June eight
+record date for the company's special dividend.
+    Harcourt's special dividend pays 40 dlrs per share in cash
+plus a security worth 10 dlrs. Holders would also retain stock
+in the recapitalized firm.
+    The debentures had been convertible at 34 dlrs per share.
+Harcourt's May 26 announcement said the conversion price would
+be adjusted according to the indenture covering the securities.
+Arbitrageurs said the conversion formula yielded a "negative
+number" and thus they needed further information from the
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6212" NEWID="17874">
+<DATE> 1-JUN-1987 19:50:32.51</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2799&#31;reute
+u f BC-venezuela-obtained-30   06-01 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA OBTAINED 300 MILLION DLRS IN CREDITS</TITLE>
+<DATELINE>    Caracas, june 1 - </DATELINE><BODY>venezuela has obtained more than 300 mln
+dlrs in financing for industrial projects and has also
+increased its lines of credit for import financing, finance
+minister manuel azpurua said.
+    "we can say that we are achieving the recuperation of
+credit, but that cannot be done overnight," azpurua said in a
+television interview.
+    Azpurua said a credit agreement for 100 mln marks will be
+signed this week with the german state bank kreditanstalt fur
+wiederaufbau (kfw), to finance an expansion of the state
+aluminum company venalum.
+    The credit will be divided into two separate agreements,
+one for 85 mln marks with an interest rate of 6.13 pct, and
+another for 15 mln marks, at 6.20 pct. Azpurua said financing
+had also been obtained for the expansion of alcasa, another
+state aluminum company, as well as for projects in the state
+steel and petrochemical industries. He did not provide details.
+    Yesterday, after a meeting of leaders of the ruling accion
+democratica party, azpurua said venezuela had obtained two new
+credits of five mln dlrs each for export financing, one from
+credit du nord of france and the other from the midland bank of
+great britain.
+    The finance minister's statements came as the government is
+under sharp criticism for failing to obtain new credits,
+despite its insistence on repaying the foreign debt according
+to the terms of a rescheduling accord reached last february.
+    Azpurua and other senior economic officals returned from a
+trip to tokyo last week in which they hoped to acquire new
+credits for industrial expansions, but no agreements were
+reached.
+    Japanese officials also refused to allow a new issue of
+venezuelan debt bonds because until the country regains its
+'triple a' credit classification.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6213" NEWID="17875">
+<DATE> 1-JUN-1987 22:51:47.01</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2899&#31;reute
+u f BC-SOUTH-KOREA-INCREASES   06-01 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA INCREASES DUTY ON CRUDE IMPORTS</TITLE>
+<DATELINE>    SEOUL, June 2 - </DATELINE><BODY>South Korea has increased its duty on crude
+oil imports to 4.29 dlrs a barrel from 3.29 dlrs, effective
+today, the energy ministry said.
+    The duty, to raise funds for special energy projects, was
+adjusted after average crude import prices rose to 16.85 dlrs a
+barrel in April, from 16.65 dlrs in March and 13.08 dlrs in
+April 1986, ministry officials said.
+    A separate 24.5 pct import tax on crude oil is unchanged.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6214" NEWID="17876">
+<DATE> 1-JUN-1987 22:53:34.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2900&#31;reute
+b f BC-EQUITICORP-TASMAN-TO   06-01 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITICORP TASMAN TO BID FOR MONIER LTD</TITLE>
+<DATELINE>    SYDNEY, June 2 - </DATELINE><BODY>&lt;Equiticorp Tasman Ltd> (ETL) said it will
+offer 4.15 dlrs a share cash for all the issued capital of
+Monier Ltd &lt;MNRA.S>, currently the subject of a 3.80 dlrs a
+share bid by CSR Ltd &lt;CSRA.S>.
+    Alternatively, ETL will offer three shares plus 82 cents
+cash for each Monier share, it said in a statement.
+    As previously reported, ETL moved into the market for
+Monier shares last week, taking its stake to 13.7 pct by
+Friday.
+    It now holds 14.99 pct, the maximum allowed without Foreign
+Investment Review Board (FIRB) approval. ETL is classified as
+foreign because of its New Zealand base.
+    The ETL cash offer values Monier's issued capital of 156.28
+mln shares at 649 mln dlrs, against 593 mln for the CSR bid.
+    Based on the current price of ETL shares of 1.05 dlrs, the
+alternative is worth 3.97 dlrs per share, but ETL said the
+value placed on its shares for the offer aproximates to the
+diluted asset backing of ETL as at March 31.
+    ETL said the offer will have no minimum acceptance
+conditions and will be subject to Australian foreign investment
+and U.S. Hart-Scott-Rodino anti-trust clearances.
+    ETL chairman Allan Hawkins said in the statement that the
+shareholding in Monier was a long term investment.
+    ETL and its &lt;Feltex International Ltd> associate have
+targetted the building products sector as an area of expansion
+and Monier fits well with this aim, he added.
+    Monier chairman Bill Locke said in a separate statement
+that the independent directors of Monier intend to recommend
+acceptance of the ETL bid in the absence of a higher bid.
+    He also said Monier will not now proceed with the
+one-for-two bonus issue announced with its interim results on
+March 19 in view of the proposed takeover bids.
+    As previously reported, the CSR offer involves a complex
+put and call option deal with Monier's major shareholder,
+Redland Plc &lt;RDLD.L>, which gives Redland the choice of
+accepting the CSR offer for its 49.8 pct stake or moving to
+50.1 pct within six months of the bid closing.
+    CSR officials have made it clear that they see Redland
+taking the second option, resulting in the two companies
+running Monier as a joint venture.
+    CSR officials have also said they had no intention of
+raising the company's bid for Monier after ETL's intervention
+became public last week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6215" NEWID="17877">
+<DATE> 1-JUN-1987 22:58:42.05</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f2903&#31;reute
+u f BC-VENEZUELA-TIGHTENS-FO   06-01 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA TIGHTENS FOREIGN EXCHANGE RESTRICTIONS</TITLE>
+<DATELINE>    PANAMA CITY, June 1 - </DATELINE><BODY>Venezuela's central bank has ordered
+Venezuelan banks and exchange houses to cease foreign exchange
+operations with brokers based outside the country, according to
+a copy of a central bank telex made available to Reuters.
+    The measure, confirmed by a brokerage firm here, has
+effectively cut off all foreign participation in Venezuela's
+volatile currency market.
+    The telex, issued on May 19, was signed by Carlos Hernandez
+Delfino, manager of the bank's department of international
+operations.
+    The telex said the restriction on business with foreign
+brokers is in line with an earlier measure prohibiting foreign
+exchange houses from selling dollars or other foreign
+currencies to anyone living outside Venezuela.
+    In recent weeks the Venezuelan government has denied
+rumours that it intends to impose foreign exchange controls to
+prop up the weakening bolivar.
+    But brokers said the central bank's move is seen as a de
+facto currency control. "It is definitely a control in the sense
+that there's no longer complete freedom to operate," one broker
+here said.
+    "Gradually they're imposing restrictions and the direction
+is towards complete control," the broker said.
+    The broker, who requested anonymity, said virtually all his
+Venezuelan customers had stopped doing business with him since
+the central bank issued the telex and followed it up with
+telephone calls.
+    He said that before the restriction was imposed the volume
+of his firm's transactions with Venezuela was about 10 mln dlrs
+a day. "It was a frenetic market, it was really quite active," he
+said.
+    The broker said he saw no logical explanation for the
+prohibition because his firm only acted act as an intermediary
+between Venezuelan brokers, exchange houses and banks.
+    "We weren't buying dollars from Venezuelans, that's
+ridiculous," he said. "They've been on a rampage against
+foreigners."
+    The broker noted that two months ago Venezuela's central
+bank quietly announced that banks doing foreign exchange
+business outside Venezuela would have to respect a new 200 pct
+reserve requirement.
+    In February, the central bank also prohibited trading in
+bolivar futures, the broker said.
+    "We used to have a forward market," he said. "For a small
+currency it was miraculous."
+    He said the bolivar, which averaged 20.29 to the U.S.
+Dollar in 1986, would continue to slip from its current range
+of 28.35 to 28.50 because the central bank was rapidly running
+out of foreign reserves to support the currency on the free
+market.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6216" NEWID="17878">
+<DATE> 1-JUN-1987 23:47:44.48</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2932&#31;reute
+u f BC-ESSO-RAISES-SINGAPORE   06-01 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESSO RAISES SINGAPORE PETROL PUMP PRICES</TITLE>
+<DATELINE>    SINGAPORE, June 2 - </DATELINE><BODY>Esso Singapore Pte Ltd said it raised
+pump prices of petrol from today.
+    New prices for 0.15 gm lead grades are 97.0 cents/litre for
+97 octane and 90.8 cents for 95 octane.
+    Other Singapore oil companies announced yesterday that they
+would revise their pump prices effective today.
+    Shell Eastern Petroleum Pte Ltd, Mobil Oil Singapore Pte
+Ltd, Caltex Asia Ltd, Singapore Petroleum Co Pte Ltd and BP
+Singapore Pte Ltd are pricing 97 octane at 96.8 cents. Shell,
+Mobil and Caltex are pricing 92 octane at 90.2 cents, and SPC
+and BP at 90.6 cents.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7324" NEWID="17879">
+<DATE> 2-JUN-1987 00:14:22.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0009&#31;reute
+u f BC-CHINA-FOREST-FIRES-FL   06-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA FOREST FIRES FLARE AGAIN</TITLE>
+<DATELINE>    PEKING, June 2 - </DATELINE><BODY>Forest fires in north-east China had
+flared again, threatening settlements and virgin forests so far
+untouched by the blaze, the official press said.
+    The New China News Agency said eight new fires had been
+discovered in the Inner Mongolia region and were rapidly
+spreading north and west. It said rain forecast for the region
+was expected to help contain them.
+    The China Daily said fires near the town of Tahe to the
+east had re-kindled and were moving towards nearby logging
+camps. Soldiers have been called in to fight the blaze.
+    The fires which began on May 6 have killed 191 people.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7325" NEWID="17880">
+<DATE> 2-JUN-1987 00:14:33.10</DATE>
+<TOPICS><D>naphtha</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0010&#31;reute
+u f BC-SOUTH-KOREA-RAISES-NA   06-02 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA RAISES NAPHTHA PRICE</TITLE>
+<DATELINE>    SEOUL, June 2 - </DATELINE><BODY>South Korea raised its pre-tax ex-factory
+naphtha price to 104.21 won per litre from 103.97 won,
+effective today, energy ministry officials said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7326" NEWID="17881">
+<DATE> 2-JUN-1987 00:35:43.34</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0020&#31;reute
+f f BC-Tokyo---Bundesbank's   06-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo - Bundesbank's Schlesinger sees no reason to lower interest rates
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7327" NEWID="17882">
+<DATE> 2-JUN-1987 00:38:09.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0021&#31;reute
+f f BC-Tokyo-West-German-eco   06-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo-West German economy contracted 1/2 to one pct in 1st qtr - Schlesinger
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7328" NEWID="17883">
+<DATE> 2-JUN-1987 00:41:31.50</DATE>
+<TOPICS><D>interest</D><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0023&#31;reute
+b f BC-NO-REASON-TO-CUT-RATE   06-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO REASON TO CUT RATES - BUNDESBANK'S SCHLESINGER</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>Bundesbank vice president Helmut
+Schlesinger said he saw no reason to lower interest rates now.
+    With money supply growth showing no sign of slowing down in
+May and the dollar stable or even rising against the mark,
+Schlesinger told Reuters that he was not convinced that a
+further cut in interest rates was needed.
+    The economy is picking up, after contracting by a
+seasonally adjusted 1/2 to one pct in the first quarter from
+the fourth, he added. "We may have an increase in gnp starting
+in the second quarter," he said in an interview.
+    Concerned by the first quarter downturn, the U.S. Has been
+pressing West Germany to pump up its economy and boost its
+imports, either through fiscal or monetary policy.
+    Schlesinger said the contraction in the first quarter was
+mainly due to adverse weather conditions, just as occured in
+1986. Year-on-year growth was thus about two pct.
+    He estimated that economic growth for the year as a whole
+would probably be between one and two pct.
+   "It is not a question of monetary conditions if domestic
+demand does not grow strongly," he said, noting that interest
+rates are at historically low levels and funds are ample.
+    Schlesinger said he saw no signs that central bank money
+stock growth was slowing down from its recent year-on-year pace
+of 7-1/2 to eight pct, well above the Bundesbank's three to six
+pct target.
+    He said the target could still be achieved but much will
+depend on the direction of long-term capital flows. Heavy
+inflows, particularly in January around the time of the EMS
+revaluation, boosted domestic money supply.
+    "There is still a certain hope that the net inflow of
+foreign money can be diminished or can even be a little bit
+reversed," Schlesinger said.
+    A major reason for the inflows was the market's conviction
+that the mark was headed higher. "As we can see from the market,
+expectations for a further revaluation of the deutschemark have
+diminished," Schlesinger said.
+    The recent widening of interest rate differentials, the
+fact that the dollar has fallen sharply in a very short period
+and an improvement in real trade balances have all combined
+towards stabilizing the dollar, he said.
+    Asked if central banks might act to prevent a sharp dollar
+rise, as the U.S. Did in March when the dollar rose above 1.87
+marks, he said this would depend on the circumstances.
+    At midday here, the dollar stood at 1.8340/45 marks.
+    "Central banks are always in contact about these
+fluctuations but I cannot give any answer how they would react,"
+Schelsinger said.
+    "One has to look at how it (the market) is moving," he said,
+adding, "It is not only our own case, it is also the American
+case."
+    He said that the West German export industry has been hit
+hard by the dollar's sharp fall and would probably like to see
+some correction now. "But it wouldn't be good to have short-term
+fluctuations," he said. "Let us wait and see."
+    "It is mainly the strength of the (dollar) fall in a very
+short period which was a little bit of a shock, than the level
+(of rates) as such," Schlesinger said.
+    The sharp rise of the mark, coupled with weak prices of
+such key commodities as oil, had a favourable impact on West
+German inflation down year.
+    Although there have recently been signs of inflation
+picking up, he said that this was due to changes in key
+commodity prices. The underlying inflation rate this year would
+be unchanged, at about one to 1-1/2 pct, he said.
+    Schlesinger said the problem of rapid money supply growth
+was longer term, in that the economy was building up the
+potential for a possible eventual resurgence of inflation.
+    The above-target growth of money supply over the past 16
+months had prompted some discussion of the usefulness of
+targets themselves, a matter which might be taken up at the
+mid-year meeting of the Bundesbank's council, Schlesigner said.
+    But he added: "I don't see any great pressure to go away
+from it."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7329" NEWID="17884">
+<DATE> 2-JUN-1987 01:00:58.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0043&#31;reute
+r f BC-NIXDORF-PLANS-TO-EXPA   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIXDORF PLANS TO EXPAND U.S. BUSINESS</TITLE>
+<DATELINE>    PADERBORN, West Germany, June 2 - </DATELINE><BODY>Nixdorf Computer AG
+&lt;NIXG.F> plans a sharp expansion of its activities in the
+United States, deputy management board chairman Arno Bohn said.
+    He told a news conference that in the medium term Nixdorf
+wanted to raise its U.S. Turnover to one billion marks from a
+current 300 mln and aimed to employ some 5,000 people in its
+U.S. Operations, compared with 1,300 now.
+    Nixdorf's world group turnover was 4.50 billion marks in
+1986. Bohn said a major order last year from a U.S. Retailer
+was a decisive element behind current plans for expansion.
+    Retail chain Montgomery Ward and Co Inc, a unit of Mobil
+Corp &lt;MOB>, awarded a 100 mln dlr order to Nixdorf in July last
+year for point-of-sales computer terminals.
+    Bohn said that by 1990 there should be a total 15,000 cash
+terminals and 500 computer terminals in place in all of the 290
+stores of Montgomery Ward.
+    Nixdorf has said previously that, more important than the
+supply of the hardware for these systems, is the fact that
+Nixdorf is also providing the relevant software.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7330" NEWID="17885">
+<DATE> 2-JUN-1987 02:15:10.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0079&#31;reute
+f f BC-Fujitsu-Ltd-group-net   06-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Fujitsu Ltd group net profit 21.61 billion yen vs 38.93 billion (year to Mar 31)
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7331" NEWID="17886">
+<DATE> 2-JUN-1987 02:16:51.07</DATE>
+<TOPICS><D>crude</D><D>acq</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0080&#31;reute
+u f BC-JAPAN-OIL-INDUSTRY-DE   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN OIL INDUSTRY DECONTROL MAY LEAD TO MERGERS</TITLE>
+<AUTHOR>    By Masaru Sato, Reuters</AUTHOR>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>Deregulation of Japan's oil industry could
+mean hardship for smaller firms and lead to their merging into
+bigger refining and marketing groups, industry sources said.
+    They said the relaxation of controls was now under review
+by the Petroleum Council, an advisory panel to the Ministry of
+International Trade and Industry (MITI).
+    A spokesman for a major firm said, "Deregulation would bring
+about a reorganization. If it's a by-product of freer
+competition, we have no choice but to accept it."
+    The Council is due to close its discussions on June 12.
+    The sources said the Council was likely to tell MITI it
+should end its 50 year-old protection of the industry. It
+should cut capacity to 3.8 mln barrels per day, about 75 pct of
+current capacity. Quotas should end for crude throughput and
+gasoline output, and oil tariffs should be abolished.
+    They said deregulation was vital to promote more
+competition and efficiency, and most saw it as inevitable.
+    "Deregulation is taking place everywhere. Now it's our turn
+to see if we can survive cut-throat competition," said a source
+at one major Japanese oil company.
+    A spokesman for a smaller refiner said, "We'll have a hard
+time surviving, but that's something we must go through."
+    "In addition to our streamlining and efficiency programs for
+the oil division, we will exert efforts towards branching out
+further into other lines such as real estate and travel
+agencies," he said.
+    Larger companies are also streamlining. Nippon Oil Co Ltd
+which had the largest share of refined products sales in the
+Japanese market in fiscal 1985, cut nine pct of its refining
+capacity in fiscal 1986.
+    Cosmo Oil Co Ltd, the third largest seller of oil products
+in 1985, cut its workforce by some 20 pct last year, a
+spokesman for the company said.
+    Between 1984 and 1986, on the recommendation of the
+Council, 13 oil companies were integrated into 11 companies
+within seven refining and marketing groups to improve the
+efficiency of the industry.
+    Oil industry sources said this structure was now likely to
+be streamlined further into five refining groups.
+    "MITI means business. It will urge the major seven groups to
+merge into five to build up their muscles," a source said.
+    A MITI official told Reuters he did not rule out the
+possibility of further mergers within the Japanese oil industry
+in the event of the relaxation of oil controls.
+    He declined to officially confirm or deny that the
+Petroleum Council had recommended deregulatory measures but
+said that in principal MITI would encourage a move towards
+deregulation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7332" NEWID="17887">
+<DATE> 2-JUN-1987 02:30:37.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0088&#31;reute
+b f BC-FUJITSU-LTD-&lt;ITSU.T>   06-02 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUJITSU LTD &lt;ITSU.T> GROUP YEAR ENDED MARCH 31</TITLE>
+<DATELINE>    TOKYO, June 2 -
+    </DATELINE><BODY>Group shr - 13.56 yen vs 27.06
+    Net - 21.61 billion vs 38.93 billion
+    Current - 37.66 billion vs 46.70 billion
+    Operating - 57.37 billion vs 79.91 billion
+    Sales - 1,789 billion vs 1,692 billion
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7333" NEWID="17888">
+<DATE> 2-JUN-1987 02:32:04.60</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>japan</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0090&#31;reute
+u f BC-JAPAN-READY-TO-USE-DI   06-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN READY TO USE DIPLOMACY FOR GULF SECURITY</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>Japan was ready to use diplomacy to help
+maintain the security of the Gulf, Prime Minister Yasuhiro
+Nakasone said.
+    But he told reporters Japan should not cut its lines of
+communication with Iran and Iraq because its policy was to take
+a broad political stance. Officials of the foreign ministry
+said Japan had maintained good relations with both Iran and
+Iraq, which have been at war since September 1980.
+    Last week Nakasone ruled out Japanese military or financial
+help to patrol the waters of the Gulf. About 60 pct of Japan's
+crude oil passes through the waterway.
+    President Reagan said yesterday the threat to oil routes in
+the Gulf from attacks by Iran and Iraq was high on the agenda
+for next week's G-7 summit in Venice.
+    Reagan has approved plans for the United States to step up
+its naval presence in the Gulf despite congressional
+expressions of concern and he has called on U.S. Allies to help
+maintain freedom of navigation.
+    Japan's constitution prevents its armed forces from being
+deployed overseas. Nakasone has said that Washington
+understands this problem.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7334" NEWID="17889">
+<DATE> 2-JUN-1987 02:46:50.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0100&#31;reute
+u f BC-FUJITSU-GROUP-FORECAS   06-02 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUJITSU GROUP FORECASTS 75 PCT RISE IN NET PROFITS</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>Fujitsu Ltd &lt;ITSU.T> has forecast that
+group net profits will rise 75.9 pct in the current year to 38
+billion yen and current profits will rise 72.6 pct to 65
+billion, the company said in its earnings statement.
+    Sales are expected to rise 14 pct to 2,040 billion yen in
+the same period, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7335" NEWID="17890">
+<DATE> 2-JUN-1987 03:16:30.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0132&#31;reute
+u f BC-FOOD-SURPLUSES-OBSCUR   06-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOD SURPLUSES OBSCURE CONTINUING STARVATION</TITLE>
+<DATELINE>    PEKING, June 2 - </DATELINE><BODY>Western bickering over food surpluses is
+obscuring the fact that starvation is now a bigger problem than
+ever before, a senior World Food Council official said.
+    Alain Vidal Naquet, head of external relations for the
+council, told a news conference that a meeting organised by the
+United Nations body in Peking next week would try to force
+governments to take a more serious attitude to the food crisis.
+    "The world is facing two crises -- poverty in developing
+countries and paradoxically an overflow of food surpluses in
+the northern part of the world," Naquet said.
+    "This is affecting dangerously the balance of the
+international economy," Naquet said.
+    He said it was ironic that the leaders of the western world
+would discuss food over-production during the summit in Venice
+next week at the same time as the Peking meeting would be
+discussing food shortages.
+    "Hunger is not a problem kept in mind by governments. The
+urgency of the problem is hidden by the (food surplus and
+trade) problems of the rich countries," he said. "There are more
+people today in the world lacking enough food than there were
+in 1974 (the year of the World Food Conference in Rome)."
+     Progress has been made in some parts of the world,
+especially Asia, but Naquet said that increasing food
+production and aid from the developed world were not in
+themselves the answer to the world food problem.
+    He said developing countries should not rely entirely on
+aid from developed countries and should increase cooperation
+amongst themselves to increase local food production and
+improve distribution of existing food stocks.
+    More than 30 government ministers are expected to attend
+the Peking meeting, including delegations from Third World
+countries, the U.S., The Soviet Union and Europe.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7336" NEWID="17891">
+<DATE> 2-JUN-1987 03:23:57.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0145&#31;reute
+u f BC-SINGAPORE-GOVERNMENT   06-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE GOVERNMENT SECURITIES MARKET STARTS WELL</TITLE>
+<AUTHOR>    By Tay Liam Hwee, Reuters</AUTHOR>
+<DATELINE>    SINGAPORE, June 2 - </DATELINE><BODY>Singapore's government securities
+market had performed well in volume terms since its launch on
+May 7 but there were constraints to further growth, bankers and
+dealers said.
+    Lawrence Yeo, director of securities trading and
+distribution for Citicorp Investment Bank (Singapore) Ltd, told
+Reuters there was a shortage of non-professional corporate,
+institutional and private investors trading in fixed income
+securities, especially those with long term funds. The market
+trades treasury bills and bonds.
+    Available liquid funds were still moving into traditional
+investments because share prices were rising and returns were
+low on fixed income securities, Yeo said.
+    He said the lack of market information and investment
+education for potential investors were limiting factors.
+    Referring to the securitisation of corporate debt, he said
+"If the saving between a traditional bank loan and a public
+offering is not great, investors prefer to take the loan
+because it does not require the public disclosure of
+information."
+    William K.K. Wong, managing director of Indosuez Asia
+(Singapore) Ltd, said institutional investors this year had
+focussed on the equity market rather than bonds.
+    Bankers and analysts said the new market would pave the way
+for the development of corporate bond issues.
+    The bankers said development of an active fixed income
+securities market would encourage more private and public
+companies to issue debt instruments.
+    They said they hoped the risk-free government bond yield
+curve would provide a benchmark for corporate bonds and other
+debt instruments.
+    Economists and bankers said the recent share offer by
+Sembawang Maritime Ltd, which was oversubscribed 92.3 times and
+which raked in a record 6.80 billion dlrs, showed the flow of
+liquidity into the share market. The previous record of 1.96
+billion dlrs was set in April by Avimo Singapore Ltd.
+    Wong said total average daily turnover of the government
+securities market had fallen sharply due to share issues.
+    He said there were at most seven active participants,
+mainly banks. Other financial institutions were on the
+sidelines because the securities market concept was new.
+    Wong said the recent revision of the minimum liquid asset
+ratio to 18 pct allows banks to restructure liquid assets and
+inject more long term funds into the securities market.
+    One of the primary dealers, United Overseas Bank Ltd, has
+an average daily turnover of over 100 mln dlrs but this could
+rise to 300 mln on active option days, deputy manager Ho Kian
+Fah told Reuters.
+    Ho said major participants, besides the primary and
+registered dealers, were mainly U.S. And U.K. Banks which
+showed a willingness to quote prices.
+    Loh Hoon Sun, general manager of the Overseas Union Bank
+Ltd, said he forsees active trading and bidding of new
+offerings in pre-issued business. Loh estimated OUB's average
+turnover to be around 50 mln to 100 mln dlrs on active days.
+    Dealers said a significant factor was that the t-bill and
+money market rate yield gap had narrowed, making rates for
+bills more competitive with those in the money market.
+    Tan Mong Tong, executive director of National Discount Co
+Ltd, told reporters the new securities market would enable
+banks, statutory bodies, insurance companies to manage their
+funds more flexibly.
+    The Monetary Authority of Singapore (MAS) plans to issue
+eight to 10.5 billion dlrs of taxable instruments in the first
+year and a gross issue of 35 billion dlrs over five years.
+    The first issue of 300 mln dlrs worth of T-bills by the MAS
+was 1.9 times subscribed while the first issue of 500 mln dlrs
+worth of five-year bonds was three times oversubscribed. The
+recent issue of 300 mln dlrs of two-year bonds received 1.17
+billion dlrs in applications.
+    The new securities market operated by MAS on an electronic
+book entry system will provide new investment outlets intended
+to develop Singapore's capital market, bankers said.
+    But the market is new and long term success and expansion
+will depend on how the MAS and the primary and registered
+dealers stimulate activity, the bankers and analysts said.
+    They said it was necessary to promote liquidity because
+investors did not negotiate frequently enough and tended to
+hold on to their investments.
+    They advocated the establishment of a market makers
+association to help investors understand the market and its
+instruments as a lack of speculative activity limits market
+turnover and supply.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7337" NEWID="17892">
+<DATE> 2-JUN-1987 03:26:30.75</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>cyprus</D><D>oman</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0150&#31;reute
+u f BC-MEES-NEWSLETTER-SAYS   06-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEES NEWSLETTER SAYS OMAN OFFERS OIL DISCOUNTS</TITLE>
+<DATELINE>     NICOSIA, June 2 - </DATELINE><BODY>Oman has granted term crude oil
+customers retroactive discounts from official prices of 30 to
+38 cents per barrel on liftings made during February, March and
+April, the weekly newsletter Middle East Economic Survey (MEES)
+said.
+     MEES said the price adjustments, arrived at through
+negotiations between the Omani oil ministry and companies
+concerned, are designed to compensate for the difference
+between market-related prices and the official price of 17.63
+dlrs per barrel adopted by non-OPEC Oman since February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7338" NEWID="17893">
+<DATE> 2-JUN-1987 03:27:05.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0153&#31;reute
+u f BC-UK-CONSERVATIVES-LEAD   06-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK CONSERVATIVES LEAD LABOUR BY SEVEN POINTS, POLL</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>British Prime Minister Margaret Thatcher's
+Conservatives lead the opposition Labour party by seven
+percentage points in the June 11 election campaign, according
+to a public opinion poll today.
+    The Harris poll on the TV-AM breakfast television show gave
+Thatcher's Conservative Party 42 pct, Labour 35 pct and the
+centrist Alliance 21 pct.
+    This was a one point drop for the Conservatives and one
+point rise for the Alliance since the same organisation's
+survey yesterday.
+    However, a Marplan poll in the Today newspaper had the
+Conservatives 11 points ahead. It gave them 44 pct, Labour 33
+pct and the Alliance 21 pct.
+    All poll results since the campaign began have shown the
+Conservatives in the lead. An aggregate of recent surveys
+showed they held a nine to 10 point lead over Labour, enough
+for a comfortable election victory.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7339" NEWID="17894">
+<DATE> 2-JUN-1987 03:31:14.04</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0161&#31;reute
+u f BC-MALAYSIAN-RUBBER-OUTP   06-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN RUBBER OUTPUT RECOVERS FROM WINTERING</TITLE>
+<DATELINE>    KUALA LUMPUR, June 2 - </DATELINE><BODY>Malaysian rubber production should
+return to normal levels this month after a hard wintering
+season, the Malaysian Rubber Exchange and Licensing Board said
+in its latest review. "As packers and remillers expect
+production to recover to normal levels in June, sellers will
+remain reserved in the near future," the review, dated May 14,
+said. Many consumers are holding off, waiting for the best time
+to buy.
+    The market is mindful of approaching summer holidays in
+industrial countries and there is an air of uncertainty beyond
+July, it said. It gave no figures for the output drop.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7340" NEWID="17895">
+<DATE> 2-JUN-1987 03:37:33.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0175&#31;reute
+u f BC-JAPAN-TO-USE-TAX-CARR   06-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO USE TAX CARRY-OVER TO HELP FUND PACKAGE</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>Government tax revenues for the 1986/87
+ year ended March 31 were more than 600 billion yen higher than
+forecast and could be used to help fund the economic package
+announced last week, Finance Ministry sources said.
+    The final figure for 1986/87 will not be available until
+next month, but some local newspapers speculated that the
+carryover could be as much as 1,000 billion yen.
+    The government is due to introduce a supplementary budget
+during an extarordinary parliamentary session expected to start
+in July. The budget will be used to finance the central
+government share of last Friday's emergency economic package.
+    That package totalled more than 6,000 billion yen,
+including more than 1,000 billion in tax cuts.
+    Government officials including Finance Minister Kiichi
+Miyazawa have previously said possible revenue sources for tax
+cuts include the tax revenue carryover from 1986/87 and
+proceeds from the sale of shares in the privatized Nippon
+Telegraph and Telephone Corp.
+    The sale of 1.95 mln NTT shares in 1986/87 left about 450
+billion yen available for use as a revenue source for tax cuts,
+the sources said. Another 1.95 mln are expected to be sold in
+the current fiscal year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7341" NEWID="17896">
+<DATE> 2-JUN-1987 03:51:35.56</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>fernandez</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0192&#31;reute
+u f BC-CENTRAL-BANK-HEAD-SAY   06-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANK HEAD SAYS PHILIPPINE GROWTH ON TARGET</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, June 2 - </DATELINE><BODY>The Philippines' first quarter growth
+figures released yesterday indicated the government was likely
+to achieve its 1987 targets, Central Bank governor Jose
+Fernandez said in an interview.
+    The National Economic Development Authority (NEDA)
+announced yesterday gross domestic product (GDP) grew 5.78 pct
+and gross national product (GNP) 5.53 pct in the first quarter
+from a year earlier.
+    "I don't see anything on the horizon that should cut it
+(growth) short," Fernandez said.
+     NEDA said GNP had grown 3.56 pct and GDP 3.25 pct in the
+fourth quarter of 1986 from a year earlier. Last year's GNP
+growth, put earlier at 0.13 pct, was revised to 1.51 pct.
+    "Certainly I do not see any shortage in external resources
+and if GNP growth continues at this level I would assume that
+domestic resources on the fiscal side would be generated and
+would not be a stumbling block," Fernandez said.
+    "I think even before the figures came out, simply looking at
+key indicators, such as consumption of fuel oil and power,
+showed that the economy was on a different track from last
+year," he said.
+    Fernandez said consumption tended to be heavier in the
+first and second quarters because of the dry weather, and it
+could drop off in the third quarter.
+    He said the most significant sign of recovery lay in the
+manufacturing sector, which grew by 9.64 pct, after declines in
+1985 and a slow turnaround in the second half of 1986.
+    "That is not a seasonal thing, it is secular," he said.
+    He said the government had met all monetary targets set for
+the first quarter in consultation with the International
+Monetary Fund (IMF). It expected to draw down the fourth
+tranche from its 198 mln SDR stand-by arrangement soon.
+    The Philippines has so far drawn three tranches totalling
+58 mln SDRs from the arrangement expiring on April 23, 1988.
+Fernandez said an IMF mission would visit here in July or
+August to review performance in the January-June period.
+    He said IMF repayments were projected to total 1.56 billion
+dlrs over the 1987-92 period and drawings only 236 mln dlrs.
+Repayments were inevitable and many countries would find their
+net repayments to the IMF rising in the next few years.
+    "It means that since there will be a net drain on ODA
+(official development assistance) accounts the commercial
+banking system will be requested to hold the line," he said.
+    It is an internal constraint that exists because the IMF
+debt cannot be rescheduled, Fernandez said.
+    The Philippines rescheduled 10.3 billion dlrs of its 28
+billion dlr foreign commercial debt in March.
+    Fernandez said Central Bank bills, introduced in March 1984
+to mop up excess liquidity, had peaked at 43.1 billion pesos in
+April 1986. But their unwinding on maturity dates, started in
+October last year, had almost been completed.
+    He said auctions of treasury bills, whose outstanding level
+touched 95.44 billion pesos on May 20, were going well.
+"Treasury bills will remain a basic monetary tool," he said.
+    Commenting on the country's foreign debt Fernandez said, "I
+think the Philippine debt stock looms large because our own
+receipts from exports have not taken the same kind of leap
+forward as might have been suitable."
+    The foreign debt is projected by the Central Bank to reach
+29.04 billion dlrs by the end of 1987.
+    NEDA said exports totalled 1.2 billion dlrs in the first
+quarter, while imports were 1.4 billion dlrs.
+    Fernandez said the government had targeted GNP growth of
+between six and 6.5 pct this year. He cautioned that while
+growth so far was high the targets had not yet been achieved.
+    Fernandez said he saw no merit in arguments by some
+economists that the peso, currently pegged at 20.50 to the
+dollar, ought to be devalued to make the country's exports more
+competitive.
+    "By being pegged to the dollar on a basket basis the peso
+has already substantially devalued against all of the country's
+trading partners," he said.
+    On the proposed Omnibus Investment Code, he said he was
+opposed to a clause which would allow the unrestricted
+repatriation abroad of investments made during the first two
+years after the imposition of the Code.
+    The imposition of the Code, scheduled for last January, has
+been delayed by objections from some business groups.
+    "I think any central bank, certainly this one after the
+events of the past two or two and a half years, has to be
+prudent. This is not the time to throw all caution to the winds
+and I'm not about to do that," Fernandez said.
+    "It would be ideal if we reach a point where movement of
+capital and earnings can be free," he said.
+    "We have had one year of reasonably good results. Certainly
+we continue to have a fairly heavy drain on our external
+availabilities simply by servicing our debts."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7342" NEWID="17897">
+<DATE> 2-JUN-1987 03:57:05.90</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0198&#31;reute
+u f BC-BELGIAN-FEBRUARY-INDU   06-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN FEBRUARY INDUSTRY OUTPUT DOWN ON YEAR AGO</TITLE>
+<DATELINE>    BRUSSELS, June 2 - </DATELINE><BODY>Belgian industrial production, excluding
+construction and adjusted for seasonal and calendar influences,
+was provisionally 0.6 pct lower in February than a year
+earlier, the National Statistics Office said.
+    Output in February was, however, 5.9 pct higher than in
+January.
+    A spokeswoman for the office said the production index,
+base 1980, rose to a provisional 108.8 in February from a
+provisional 102.7 in January, slightly revised from the 102.8
+originally estimated. In February last year the index stood at
+109.5.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7343" NEWID="17898">
+<DATE> 2-JUN-1987 04:01:21.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0210&#31;reute
+f f BC-******   06-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank sets 28-day securities repurchase tender at minimum 3.50 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7344" NEWID="17899">
+<DATE> 2-JUN-1987 04:03:11.96</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0217&#31;reute
+b f BC-BUNDESBANK-SETS-NEW-R   06-02 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK SETS NEW REPURCHASE TENDER</TITLE>
+<DATELINE>    FRANKFURT, June 2 - </DATELINE><BODY>The Bundesbank set a new tender for a
+28-day securities repurchase agreement, offering banks
+liquidity aid at a minimum bid rate of 3.50 pct, a central bank
+spokesman said.
+    Banks must make their bids by 1400 GMT today and funds
+allocated will be credited to accounts tomorrow. Banks must
+repurchase securities pledged on July 1.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7345" NEWID="17900">
+<DATE> 2-JUN-1987 04:04:02.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0220&#31;reute
+u f BC-STOREHOUSE-REPORTS-HI   06-02 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOREHOUSE REPORTS HIGHER PROFITS IN 1986/87</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>53 weeks to April 4, 1987
+    Share - basic 22.2p vs 21.6p
+          - fully-diluted 21.6p vs 19.9p
+    Final dividend 6.3p vs 5.7p, making 8.6p vs 7.7p
+    Pretax profits 129.2 mln stg vs 116.0 mln
+    Turnover 1,088.1 mln stg vs 968.4 mln
+    Profit from retail operations 133.3 mln stg vs 115.6 mln
+    Tax 40.1 mln stg vs 36.5 mln
+    Profit after tax 89.1 mln stg vs 79.5 mln
+    Extraordinary items debit 0.7 mln stg vs debit 24 mln
+    NOTE - full name is Storehouse Plc &lt;STHL.L>
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7346" NEWID="17901">
+<DATE> 2-JUN-1987 04:05:00.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0222&#31;reute
+u f BC-NORCROS-PROFITS-ADVAN   06-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORCROS PROFITS ADVANCE IN 1986/87</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Year to March 31
+    Shr 28.0p vs 21.4p
+    Final dividend 9p vs 6.5p making 12p vs 9.3p
+    Pretax profit 53.16 mln stg vs 45.12 mln
+    Turnover 641.1 mln stg vs 639.7 mln
+    Group operating profit 57.63 mln stg vs 49.06 mln
+    Share of associates' profits 1.33 mln stg vs 3.87 mln
+    Investment income 1.59 mln stg vs 2.19 mln
+    Interest payable 7.38 mln stg vs 10.01 mln
+    Tax 16.48 mln stg vs 17.60 mln
+    Leaving 36.68 mln vs 27.51
+    Minorities debit 1.58 mln stg vs debit 1.39 mln
+    Extraordinary items credit 2.95 mln stg vs debit 8.12 mln
+    Operating profits breakdown, by class of business,
+    - building materials manufacture 23.7 mln stg vs 20.9 mln
+    - distribution 10.1 mln stg vs 7.5 mln
+    - specialist print and pack 12.6 mln stg vs 9.6 mln
+    - international 6.0 mln stg vs 5.6 mln
+    - head office and property 4.6 mln stg vs 3.6 mln
+    - discontinued, sold businesses 589,000 stg vs 2.4 mln
+    Operating profits, geographic breakdown:
+    - Britain 51.4 mln stg vs 43.3 mln
+    - Africa 3.3 mln stg vs 3.4 mln
+    - Australasia 1.4 mln stg vs 854,000 stg
+    - North America 1.5 mln stg vs 1.6 mln
+    NOTE - full name is Norcros Plc &lt;NCRO.L>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7347" NEWID="17902">
+<DATE> 2-JUN-1987 04:10:01.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>cyprus</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0228&#31;reute
+r f BC-CYPRUS-BANK-STRIKE-AV   06-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYPRUS BANK STRIKE AVERTED</TITLE>
+<DATELINE>    NICOSIA, June 2 - </DATELINE><BODY>The Cyprus Bank Employees' Union called
+off a threatened strike following a meeting last night of the
+union's executive committee, the Commercial Bankers Association
+and Labour Minister Andreas Moushouttas.
+    Bank sources said union members were expected to approve an
+agreement reached at the meeting. Union demands included an
+annual 3.5 pct pay increase for the next two years and a
+five-day working week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7348" NEWID="17903">
+<DATE> 2-JUN-1987 04:14:25.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0231&#31;reute
+u f BC-SOUTH-KOREAN-FIRMS-FE   06-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREAN FIRMS FEAR LOAN CUTS MAY HURT EXPORTS</TITLE>
+<AUTHOR>    By Jo Yun-jeung, Reuters</AUTHOR>
+<DATELINE>    SEOUL, June 2 - </DATELINE><BODY>South Korean firms affected by a government
+order to cut bank loan exposures fear the move may make their
+exports less competitive, company officials said.
+    Last month, the government ordered 82 companies to repay 10
+pct of their bank borrowings by December 31. It told them to
+replace the amount with new share issues or money raised
+through convertible bonds offered on the local capital market.
+    Company officials said they backed the move in principle
+but were worried it would raise financing costs at a time when
+the won was rising steadily against the dollar.
+    "We plan to export 100,000 cars this year and 200,000 next
+year and with our present production facilities we cannot
+produce this amount," an official from Daewoo Motor Co Ltd, who
+requested anonymity, told Reuters. "We must invest in production
+facilities to meet our target, which means we need a lot of
+money from banks or elsewhere."
+    "But if we should pay back bank loans within this year, we
+will face mounting financial difficulties and have less money
+to invest on a new production line, which will eventually
+discourage our exports," he added.
+    The 82 companies each have bank loans exceeding 50 billion
+won, representing a combined exposure of 10,052 billion won or
+about 20 pct of all loans extended by South Korean banks,
+finance ministry officials said.
+    The companies must raise 1,005.2 billion won by the
+December deadline, the officials said. Of this total, the 82
+firms would raise some 646.5 billion won from selling part of
+their existing Seoul stock market portfolios, they said.
+    Another 74.1 billion would be raised by new share offerings
+and 284.6 billion by convertible bond issues.
+    Most of the firms affected by the repayment scheme are
+affiliates of large conglomerates or "chaebols."
+    Thirteen of the 82 are affiliates of Samsung Co Ltd, 10 are
+Hyundai Corp associates, seven are part of the Lucky-Goldstar
+Group, six are part of Daewoo Corp, four are Sunkyong Ltd
+affiliates and four are part of Ssangyong Corp.
+    Finance ministry officials said the order was part of
+government efforts to absorb excessive money supply triggered
+by the growing current account surplus and to increase the
+supply of shares on the stock market.
+    "We want to mop up the excess liquidity by making companies
+issue new shares and bonds, and to give banks more funds to
+lend to small-sized firms," one official said.
+    The targeted 1,005.2 billion won represents three pct of
+the M-2 money supply of 33,871 billion won at the end of 1986.
+    The M-2 at end-April was up 18.2 pct from a year earlier,
+compared with the government's 18 pct growth target for the
+whole of this year, officials figures showed.
+    The current account swung to a surplus of 2.5 billion dlrs
+in the first four months of this year from a deficit of 294 mln
+in the same period last year.
+    "We expect the measure will help companies improve their
+financial structure by lowering the ratio of liability," the
+ministry official said.
+    A Hyundai Motor Co official, who asked not to be
+identified, said, "We basically see the measure as positive, for
+we can raise money in the capital market by issuing new shares
+or convertible bonds which will eventually improve our
+financial structure."
+    "But as far as the finance cost is concerned, issuing new
+shares is more expensive than borrowing from banks and we have
+to pay back the loans (soon)," he added.
+    South Korean bank loans attract an average interest rate of
+11.5 pct.
+    "We are also concerned over the won's gradual appreciation
+against the dollar which is emerging as a threatening factor to
+export-oriented firms," another company official said.
+    "We will come under mounting financial pressure if the won
+continues to go up," he added.
+    The won has risen more than 4.5 pct against the dollar this
+year after gaining 3.34 pct in 1986.
+    "Many firms prefer to borrow from banks rather than boost
+capital by issuing shares so that they can evade new dividend
+pressure," a bank official said. "A firm's owners hate to see
+their holding ratio lowered by issuing shares."
+    "But their dependency on the banks should be corrected
+because their financial structure is already poor," he said.
+    (See Monitor page ECRA for spotlight index)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7349" NEWID="17904">
+<DATE> 2-JUN-1987 04:23:17.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0247&#31;reute
+u f BC-FUJITSU-SAYS-SOME-ISS   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUJITSU SAYS SOME ISSUES RESOLVED IN IBM DISPUTE</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>Fujitsu Ltd &lt;ITSU.T> and International
+Business Machines Corp &lt;IBM.N> (IBM) had resolved some issues
+in a longstanding dispute over software copyright protection,
+Fujitsu said in a prospectus for a warrant bond recently issued
+in London.
+    The dispute involved questions of contractual
+interpretation arising from a 1983 agreement between the
+companies, the prospectus said.
+    Under question was how much software information the firms
+were obliged to disclose to each other. The case had been
+before the American Arbitration Association (AAA) since 1985.
+    "By subsequent agreements, the parties have resolved some of
+the issues and have established procedures to resolve presently
+outstanding disputes with the involvement of the members of the
+panel of arbitrators," the prospectus said.
+    "The Company is not in a position to predict with certainty
+the outcome of this process and its effect on the future
+results or operations, financial or otherwise, of the Group," it
+said.
+    A Fujitsu spokeswoman declined to comment on the
+prospectus, noting the dispute remained under arbitration by
+the AAA. An IBM spokesman here also declined comment.
+    Last November the AAA ordered both companies to maintain
+the confidentiality of the arbitration proceedings and said
+that both Fujitsu and IBM had agreed that no additional comment
+on the subject be made.
+    Late last year, IBM and Hitachi Ltd &lt;HIT.T> said they had
+agreed to revise a separate 1983 agreement which arose out of
+software disputes similar to those between Fujitsu and IBM.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7350" NEWID="17905">
+<DATE> 2-JUN-1987 04:24:22.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0251&#31;reute
+b f BC-DAIWA-HOUSE-EQUITY-WA   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAIWA HOUSE EQUITY WARRANT INCREASED, FIXED</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The five year equity warrant eurobond for
+Daiwa House Industry Co Ltd &lt;DHOU.T> has been increased to 400
+mln dlrs from the initial 300 mln dlrs, lead manager Nomura
+International Ltd said.
+    The coupon has been set at 1-1/4 pct compared with the
+indicated level of 1-5/8 pct. Bond market sources noted that
+this equals the lowest ever coupon seen in this sector.
+    The exercise price was set at 2,604 yen per share,
+representing a premium of 2.52 pct over today's closing price
+of 2,540 yen. The foreign exchange rate was set at 146.20 yen
+to the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7351" NEWID="17906">
+<DATE> 2-JUN-1987 04:36:37.12</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0260&#31;reute
+u f BC-GERMAN-GNP-FIGURES-PU   06-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN GNP FIGURES PUBLICATION DELAYED</TITLE>
+<DATELINE>    WIESBADEN, June 2 - </DATELINE><BODY>Figures for first quarter 1987 West
+German GNP will be published on June 11 after they were
+provisionally scheduled for June 4, an official at the Federal
+Statistics Office said.
+    The official said there had been a delay in gathering
+information for the data, which are expected to show that the
+West German economy contracted in the period.
+    A spokesman for the Economics Ministry in Bonn said there
+was no political motivation behind publishing the figures on
+June 11, the day after the Venice economic summit ends.
+    "There is no political motivation. It is a purely technical
+matter," he added.
+    The West German government is expected to come under
+pressure in Venice from both the U.S. And its European partners
+to stimulate domestic demand as a way of reducing international
+trade imbalances and contributing to world economic growth.
+    However, government officials have ruled out any further
+tax reduction packages to supplement a major program of
+stimulatory fiscal measures already underway.
+    Helmut Schlesinger, vice-president of the West German
+central bank, the Bundesbank, said in Tokyo today that GNP, the
+widest measure of a country's economic activity, fell in real
+terms by a seasonally adjusted 1/2 to one pct in the first
+quarter compared with the fourth 1986 period.
+     The government has confirmed that growth was negative in
+the first 1987 quarter. But year-on-year growth is expected to
+be about two pct.
+    Schlesinger today repeated the Bundesbank's reluctance to
+cut its official interest rates further. Its key discount rate,
+at three pct, is just above historical lows.
+    West German officials are likely to emphasise at the Venice
+summit that domestic demand, which draws in goods from abroad,
+is already outstripping export performance, which has suffered
+from an 80 pct rise of the mark against the dollar in just over
+two years.
+    The government has pointed out that depressed exports are
+the main reason for the current weakness in the economy, but
+says that later in the year stronger domestic demand will
+compensate for this setback.
+    It expects GNP growth for the whole of 1987 of just under
+two pct, after a 2.4 pct rise in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7352" NEWID="17907">
+<DATE> 2-JUN-1987 04:43:06.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0268&#31;reute
+u f BC-STAD-ROTTERDAM-TAKES   06-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STAD ROTTERDAM TAKES STAKE IN SWISS-OWNED INSURER</TITLE>
+<DATELINE>    ROTTERDAM, June 2 - </DATELINE><BODY>Dutch insurer Stad Rotterdam Anno 1720
+N.V. &lt;ASRN.AS> said from July 1 it will own 20 pct of the
+shares of &lt;Europeesche Verzekering Maatschappij N.V.>, a
+fully-owned unit of Swiss insurer &lt;Union
+Rueckversicherungs-Gesellschaft>.
+    Stad Rotterdam chairman Lucas van Leeuwen told Reuters it
+may raise its stake to a majority interest if the two companies
+are found to be sufficiently compatible.
+    Van Leeuwen said that due partly to the fact Europeesche
+made losses in 1985 and 1986, the 20 pct stake was obtained at
+below the shares' intrinsic value. He gave no precise sum.
+    The Europeesche, which specialises in travel and recreation
+insurance, had a premium income of 150 mln guilders in 1986.
+    Stad Rotterdam's premium income in 1986 was 1.17 billion
+guilders, making it the fifth largest Dutch insurer.
+    Europeesche made a loss of nine mln guilders in 1985, which
+narrowed to 4.5 mln guilders in 1986, van Leeuwen said.
+    He said the company was on course for independent recovery
+and was expected to reduce its losses further in 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7353" NEWID="17908">
+<DATE> 2-JUN-1987 04:43:21.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0270&#31;reute
+b f BC-NABISCO-EXPECTED-TO-I   06-02 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NABISCO EXPECTED TO ISSUE DOLLAR STRAIGHT</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Nabisco Brands Inc, or one of its units,
+is expected to issue shortly a dollar straight eurobond,
+probably totalling 100 mln dlrs, bond market sources said.
+    They said they expect the issue will have a seven year
+maturity, but to have an investor put option after four years
+at par. The coupon is expected to be 8-3/4 pct while pricing
+will be at 101-3/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7354" NEWID="17909">
+<DATE> 2-JUN-1987 04:45:44.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0277&#31;reute
+u f BC-FINAL-TERMS-SET-ON-EA   06-02 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINAL TERMS SET ON EAGLE INDUSTRY WARRANT BOND</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The coupon on the 17 mln dlr, five year,
+equity warrant eurobond for Eagle Industry Co Ltd has been set
+at the indicated level of 1-7/8 pct, lead manager Nomura
+International Ltd said.
+    The exercise price was set at 729 yen a share, representing
+a premium of 2.53 pct over today's closing price of 711 yen.
+The foreign exchange rate was set at 146.20 yen to the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7355" NEWID="17910">
+<DATE> 2-JUN-1987 04:46:40.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0279&#31;reute
+u f BC-JAPAN-RAISES-LIMITS-O   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN RAISES LIMITS ON NON-LIFE INSURERS' LENDING</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>The Finance Ministry would raise lending
+limits on local non-life insurance firms to meet the increasing
+need for efficient fund management, a ministry spokesman said.
+    He said the allowable non-collateral lending limits would
+be increased to 30 pct of each insurer's total assets from 25
+pct and that overseas subsidiaries will be made eligible as
+borrowers.
+    The lending limit for non-life insurers which do not
+satisfy criteria for making non-collateral loans would be
+expanded to three pct of total assets from one pct.
+    The upper limit of lending of securities by non-life
+insurance companies, now set at five pct of each insurer's
+total assets would be abolished, the official said.
+    This will enable such lending by non-life insurers to be
+included in the separate category of money lending, which is
+limited to 55 pct of the total assets of each insurer.
+    Approvals for the changes, which must be given to each
+insurer on application, were expected to begin soon, possibly
+as early as next week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7356" NEWID="17911">
+<DATE> 2-JUN-1987 04:48:22.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D><D>spain</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0284&#31;reute
+b f BC-DUFFOUR-IGON-GIVES-BA   06-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFFOUR IGON GIVES BACKING TO AGA TAKEOVER BID</TITLE>
+<DATELINE>    PARIS, June 2 - </DATELINE><BODY>French industrial gas group &lt;Duffour et
+Igon> has decided to back the takeover bid by Swedish
+industrial gases group Aga AB &lt;AGA.ST>, ending a lengthy battle
+between rival bidders from France, Spain and West Germany,
+Duffour et Igon Chairman Jean Igon said.
+    The board agreed late last night to back the Aga bid and
+advise its shareholders to accept the Swedish group's latest
+offer of 4,410 francs per share, he told Reuters.
+    The other main bidders were Union Carbide Corp's &lt;UK.>
+French subsidiary &lt;Union Carbide France> and West Germany's
+Linde AG &lt;LING.F>.
+    Aga topped rival bids for the gases distribution group in
+May by raising its offer to 4,410 francs from 4,000 francs.
+    This was accepted by Spain's &lt;Carburos Metalicos SA> which
+sold Aga six pct of Duffour et Igon's stock and the right of
+first refusal on the remaining nine pct of stock it holds. It
+also won over the French Midi-Pyrenees development authority
+which agreed to sell Aga its 20 pct stake in Duffour et Igon.
+    Under Aga's offer, shareholders can either accept a cash
+bid or exchange one share in Duffour et Igon for one bond of a
+nominal value of 4,410 francs with a 10 pct coupon issue by Aga
+France SA. The bond issue is guaranteed by the parent Aga AB.
+    The takeover battle for the Toulouse-based company, which
+controls eight pct of the French industrial gas distribution
+market, began on April 2 with an offer of 2,100 francs per
+share from Union Carbide France &lt;UK>.
+    Aga's offer, which puts a price of 587 mln francs on the
+company, closes on June 24 and the results will be announced on
+July 21.
+    Duffour et Igon shares were quoted yesterday at 4,410
+francs, with no buyers, after a series of suspensions during
+the takeover tussle. They traded at 856 francs on January 9
+before the first suspension.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7357" NEWID="17912">
+<DATE> 2-JUN-1987 04:49:20.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0289&#31;reute
+u f BC-JAPAN-TO-SET-MICROCHI   06-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO SET MICROCHIP PRODUCTION GUIDELINES</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>The Ministry of International Trade and
+Industry (MITI) said it would issue guidelines later this month
+for microchip production during the third quarter.
+    A MITI official said it was too early to say if the
+guidelines would call for reductions following similar
+government requests in the first two quarters of 1987.
+    "This is not a matter which should be decided on a political
+basis alone," the official told Reuters.
+    MITI asked that production of 256 kilobit dynamic random
+access memory chips and erasable programmable read only memory
+chips be cut by 11 pct during the April/June quarter.
+    Production was cut back 10 pct in the first quarter and
+industry analysts said the reductions have boosted prices.
+    U.S. And Japanese officials met in Washington last week to
+discuss the removal of U.S. Sanctions against some Japanese
+exports but both sides agreed not to reveal the outcome of the
+talks, the MITI official added.
+    Washington imposed the sanctions in April, saying Tokyo had
+failed to abide by a 1986 pact on microchip trade.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7358" NEWID="17913">
+<DATE> 2-JUN-1987 04:50:19.22</DATE>
+<TOPICS><D>acq</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0292&#31;reute
+u f BC-SANTOS-TO-ACQUIRE-TOT   06-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTOS TO ACQUIRE TOTAL EXPLORATION AUSTRALIA</TITLE>
+<DATELINE>    ADELAIDE, June 2 - </DATELINE><BODY>Santos Ltd &lt;STOS.S> said it would buy
+&lt;Total Exploration Australia Pty Ltd> from &lt;Total Holdings
+(Australia) Pty Ltd, a wholly-owned subsidiary of Total-Cie
+Francaise des Petroles &lt;TPN.PA>.
+    Total Exploration had interests ranging from 18.75 to 25
+pct in four blocks in permit ATP259P in south-west Queensland,
+Santos said in a statement.
+    The Santos group stakes will rise to between 52.5 and 70
+pct of the four ATP259P blocks as a result of the purchase. The
+price was not disclosed.
+    Santos said a number of oil and gas fields have been
+discovered in the Total Exploration areas and that it regards
+them as having very good prospects for further discoveries.
+    Total's reserves amount to 75 billion cubic feet of gas and
+5.5 mln barrels of oil and condensate, it said.
+    It said it will promote a vigorous exploration program in
+the areas for the rest of 1987 and in the future.
+    The acquisition is the latest in a series by Santos as part
+of a program to expand from its origins in the South Australian
+Cooper Basin.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7359" NEWID="17914">
+<DATE> 2-JUN-1987 04:56:32.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE><D>eyskens</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0295&#31;reute
+u f BC-BELGIAN-PUBLIC-DEBT-R   06-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN PUBLIC DEBT RISES IN APRIL</TITLE>
+<DATELINE>    BRUSSELS, June 2 - </DATELINE><BODY>Belgium's public debt rose in April by a
+nominal 38.5 billion francs to 5,719.4 billion francs. This
+follows a rise of 89.8 billion in March and a rise of 11.2
+billion in April 1986, Finance Minister Mark Eyskens said.
+    He said in his monthly statement that after taking account
+of foreign exchange variations and other factors the figure
+corresponding to the government's net financing requirement in
+April was 34.9 billion francs against 24 billion in April 1986.
+    In the first four months of this year public debt rose
+301.1 billion francs against 269.7 billion in the same period
+of 1986, the statement said.
+    Between January and April the figure corresponding to the
+net financing requirement was 286.3 billion francs compared
+with 293.1 billion in the same period in 1986.
+    The government has started an austerity programme designed
+to cut spending this year by 195 billion francs and to cut the
+net financing requirement to below 420 billion francs compared
+with 561 billion in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7360" NEWID="17915">
+<DATE> 2-JUN-1987 04:59:24.52</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0301&#31;reute
+r f BC-POEHL-LOOKS-SET-FOR-E   06-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POEHL LOOKS SET FOR EIGHT MORE YEARS AT BUNDESBANK</TITLE>
+<AUTHOR>    By Jonathan Lynn, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, June 2 - </DATELINE><BODY>For currency dealers Karl Otto Poehl is
+the scourge of speculators, for bankers he is the man who has
+played a key role in shaping the world's financial destiny for
+the last seven years, and for Germans he is the guardian of the
+mark.
+    President of the powerful and independent West German
+central bank, the Bundesbank, Poehl is likely to have his
+contract renewed for another eight years when it expires at the
+end of this year, government officials say.
+    (Index of economic spotlights, see page ECRA)
+    But no official announcement has yet been made, raising
+eyebrows in West Germany's business community.
+    The ebullient Poehl spent seven years in Bonn in top
+ministerial posts under the Social Democrats, now in
+opposition, before he moved to the Bundesbank.
+    There has been speculation that Chancellor Helmut Kohl
+would try to replace Poehl with a man closer to his own
+Christian Democrats. But officials noted that Poehl has worked
+closely and successfully with Finance Minister Gerhard
+Stoltenberg since Kohl's government took office in 1982.
+    Poehl, the most senior central banker apart from Paul
+Volcker of the United States, enjoys a strong international
+reputation which it would take a newcomer years to build up.
+    Given these circumstances, Kohl will probably overlook
+Poehl's past as an adviser to former Social Democrat Chancellor
+Willy Brandt, and top aide to Helmut Schmidt when he was
+Finance Minister, bankers said. It was Schmidt who, as
+Chancellor, appointed Poehl to his present job in 1980.
+    In recent months, with the mark's strong rise against the
+dollar, Poehl has made exchange rates the central concern of
+the Bundesbank's council, a highly conservative institution
+which has doggedly pursued monetary policies to prevent
+inflation catching hold. Older Germans can remember two bouts
+of galloping inflation this century.
+    But with consumer prices falling for much of 1986, and
+inflation negligible so far this year, Poehl thinks it is safe
+to relax the monetary reins a little and concentrate on the
+dangers to the German economy of a bloated exchange rate.
+    "I am of the opinion that efforts to stabilise the
+dollar/mark rate have reached a high priority, also for the
+Bundesbank, because a further massive revaluation of the mark
+would endanger the economy in West Germany," he told business
+journalists in Frankfurt recently.
+    Ute Geipel, head of research at Citibank AG, says that
+Poehl's reappointment would guarantee flexible monetary policy.
+    "Poehl's policy has always been a policy which does not
+focus so rigidly on domestic factors, but also on the external
+economy," she said.
+    An economist at a German bank, who declined to be
+identified, said "If Poehl is confirmed in his post, it will
+certainly be a plus for the pragmatic course which is not so
+rigidly oriented towards money supply."
+    One of Poehl's great struggles recently has been to
+persuade the United States to stop "talking down" the dollar. For
+Poehl, the significance of the February Louvre Accord was that
+the United States agreed to join efforts to stabilise
+currencies.
+    The Louvre Accord was greeted with scepticism by currency
+dealers who said they would soon put it to the test. But in
+fact the dollar has been relatively stable since the pact.
+    "This is because the markets know - or perhaps because they
+don't know - what the central banks can do," Poehl says of
+intervention in currency markets which can quickly turn rates
+round, making a speculator's position worthless.
+    Poehl was born in 1929 and worked as a financial journalist
+in the 1960s before starting his ministerial career.
+    A relaxed sun-tanned figure who enjoys cracking jokes over
+a glass of beer, he is hardly a stereotype central banker.
+    He is also a keen sportsman who likes to watch football and
+play golf.
+    Poehl says currency market intervention cannot substitute
+for correct economic policies if exchange rates are imbalanced.
+    "But you can achieve an enormous effect with a small amount
+if you strike at the right moment," he said. Bundesbank dealers
+are very professional and skilled. "They've burnt the fingers of
+many people," he said. And unlike the speculators, Poehl notes,
+the Bundesbank dealers usually make a profit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7361" NEWID="17916">
+<DATE> 2-JUN-1987 04:59:40.80</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0303&#31;reute
+u f BC-FINLAND'S-CURRENT-ACC   06-02 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINLAND'S CURRENT ACCOUNT IN DEFICIT IN 1ST QTR</TITLE>
+<DATELINE>    HELSINKI, June 2 - </DATELINE><BODY>Finland's current account balance of
+payments showed a deficit of 2.5 billion markka in first
+quarter 1987 against a deficit of 3.2 billion in the same
+period last year, the Bank of Finland said in a statement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7362" NEWID="17917">
+<DATE> 2-JUN-1987 05:05:31.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0316&#31;reute
+b f BC-RJR-NABISCO-INC-ISSUE   06-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR NABISCO INC ISSUES 100 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>RJR Nabisco Inc is issuing a 100 mln dlr
+eurobond due June 30, 1994 paying 8-3/4 pct and priced at
+101-3/8 pct, lead manager of Bank of America International Ltd
+said. This confirms an earlier report by bond market sources.
+    The issue has an investor put option after four years at
+par but is non-callable. The selling concession is 1-1/8 pct
+while management and underwriting combined pays 1/2 pct.
+    The issue is available in denominations of 1,000 and 10,000
+dlrs and listing will be in Luxembourg. The payment date is
+June 30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7363" NEWID="17918">
+<DATE> 2-JUN-1987 05:06:54.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0318&#31;reute
+b f BC-IBERDUERO-ISSUES-150   06-02 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBERDUERO ISSUES 150 MLN SWISS FRANC BOND</TITLE>
+<DATELINE>    ZURICH, June 2 - </DATELINE><BODY>Hidroelectrica Iberica Iberduero S.A.
+(Iberduero) of Bilbao, Spain is issuing a 150 mln Swiss franc
+eight year bond with a five pct coupon and 100-1/4 issue price,
+lead manager Union Bank of Switzerland said.
+    The bond is on sale until June 26 with payment due on July
+9.
+    It can be called at 101-1/2 in 1991 and for tax reasons
+only at 102 in 1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7364" NEWID="17919">
+<DATE> 2-JUN-1987 05:09:47.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0324&#31;reute
+u f BC-JAPAN-HIGHWAY-CORP-PL   06-02 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN HIGHWAY CORP PLANS TO ISSUE ECU BOND</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>Japan Highway Public Corp planned to issue
+a seven-year government-guaranteed 120 mln European currency
+unit (ecu) bond with coupon at 7.375 pct late this month, a
+corporation spokeman told Reuters.
+    Issue price would be 101.125 pct to yield 7.165 pct.
+    Lead manager was Bank of Tokyo Capital Market Ltd, a
+subsidiary of the Bank of Tokyo in Britain and co-lead manager
+Credit Commercial de France, he added.
+   He declined to give other details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7365" NEWID="17920">
+<DATE> 2-JUN-1987 05:14:48.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0327&#31;reute
+u f BC-JAPAN-TO-BUY-THREE-BI   06-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO BUY THREE BILLION YEN U.S. SUPERCOMPUTER</TITLE>
+<DATELINE>   TOKYO, June 2 - </DATELINE><BODY>Japan planned to buy a three billion yen
+supercomputer as part of a policy of importing more U.S. Goods,
+a spokesman for the private business group Kansai Economic
+Federation told Reuters by telephone from Osaka.
+    The supercomputer would be bought from Cray Research Inc
+&lt;CYR.N> of the U.S., The spokesman said.
+    He said the supercomputer would not necessarily be bought
+this year but eventually it would be installed at the Advanced
+Telecommunications Research Institute International. The
+Institute conducts telecommunications research and was formed
+in 1986 with government and private funds.
+    The United States has been pressing Japan to open its
+public sector market to sales of U.S. Supercomputers.
+    Ministry of International Trade and Industry officials
+concerned with the supercomputer issue were unavailable for
+comment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7366" NEWID="17921">
+<DATE> 2-JUN-1987 05:27:37.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0352&#31;reute
+u f BC-NATIONALE-NEDERLANDEN   06-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONALE-NEDERLANDEN EXPECTS TO MATCH 1986 PROFIT</TITLE>
+<DATELINE>    THE HAGUE, June 2 - </DATELINE><BODY>Nationale-Nederlanden NV &lt;NTNN.AS>, the
+largest Dutch insurance company, reported a four-pct rise in
+first quarter profits. The announcement represented a break
+with the company's past practice of giving annual results only.
+    The company said it expects its 1987 net profit will at
+least equal the 1986 figure of 635.5 guilders.
+    Nationale-Nederlanden said the lower exchange rates for the
+U.S. Dollar, Australian dollar and sterling had brought the
+increase in the quarter's net profit down from 6.3 pct.
+    Premium income from damage and life insurances pushed
+turnover in the Netherlands up by eight pct.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7367" NEWID="17922">
+<DATE> 2-JUN-1987 05:28:02.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0354&#31;reute
+u f BC-DE-LA-RUE-RAISES-ANNU   06-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DE LA RUE RAISES ANNUAL PROFITS BY 12.7 PCT</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Year ended March 31, 1987
+    Fin div 9.25p making 12p vs 10.74p
+    Shr 28.3p vs 27.5p
+    Pretax profit 55.63 mln stg vs 49.36 mln
+    Net 38.80 mln vs 33.64 mln
+    Turnover 444.10 mln vs 309.85 mln
+    Net interest payable 3.50 mln vs 3.79 mln
+    Profit share of related companies 7.62 mln vs 9.64 mln
+    Note - The De La Rue Co. Plc &lt;DLAR.L> proposes to offer
+ordinary shareholders the opportunity to receive their
+dividends in the form of new shares as an alternative to cash.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7368" NEWID="17923">
+<DATE> 2-JUN-1987 05:38:12.36</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0377&#31;reute
+u f BC-CHINA-SEEN-UNLIKELY-T   06-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA SEEN UNLIKELY TO RAISE SUGAR IMPORTS</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    PEKING, June 2 - </DATELINE><BODY>China will not increase sugar imports
+substantially this year because of foreign exchange constraints
+and large stocks, despite falling production and rising
+domestic demand, traders and the official press said.
+    "Despite rapid increases in domestic production over the
+last 30 years, imbalances between supply and demand continue to
+be extremely serious," the Farmers Daily said. It said 1986
+plantings fell due to removal of crop incentives, because
+farmers could earn more from other crops and because technical
+and seed improvements had not been widely disseminated.
+    The official press had estimated the 1986/87 sugar crop
+(November/March) at 4.82 mln tonnes, down from 5.2 mln a year
+earlier, and domestic consumption at six mln tonnes a year.
+    The Yunnan 1986/87 sugar harvest was a record 521,500
+tonnes, the provincial daily said. It gave no year-earlier
+figure. Output in Guangxi was 1.04 mln tonnes, the New China
+News Agency said without giving a year-earlier figure.
+    The Nanfang Daily said production in Guangdong province
+fell to estimated 1.92 mln tonnes from 1.96 mln and that the
+area under sugar was dropping.
+    "Supply of cane (in Guangdong) is inadequate," the newspaper
+said. Processing costs are rising and the economic situation of
+nearly all the mills is not good. To guarantee supply of cane
+is a major problem."
+    A Western diplomat said sugar output also fell n Fujian,
+south China's fourth major producer, where there was a drop in
+area planted.
+    He said the rural sectors in Guangdong and Fujian were wel
+developed, enabling farmers to choose crops according to the
+maximum return, meaning that many had avoided sugar.
+    The Farmers Daily said a peasant in the ortheast province
+of Heilongjiang could gross 108 yuan from one mu (0.0667
+hectares) of soybeans and 112 yuan from one mu of corn but only
+70 from one mu of sugarbeet.
+    The paper said the profit margin of mills in China fell to
+4.7 pct last year from 11.87 pct in 1980.
+    Mills lacked the capital to modernise and they competed
+with each other for raw materialsX, it added. This resulted in
+falling utilisation rates at big, mode{nised mills.
+    The price of sugar had not changed in 20 years, the
+official press has said.
+    Customs figures showed China imported 1.18 mln tonnes of
+sugar in calendar 1986, down from 1.9 mln in 1985.
+    The diplomat said stocks at end-August 1986 were 2.37 mln
+tonnes, up from 1.92 a year earlier.
+    A foreign trader here said China accumulated large stocks
+in 1982-85 when provincial authorities were allowed to import
+sugar on their own authority. This practice was stopped in 1986
+when the central government resumed control of imports.
+    "As China lacked storage, much of these imports was stored
+in Qinghai, Inner Mongolia and other inland areas," the diplomat
+said.
+    The trader said transporting stocks from these areas to
+consumers in east and south China was a problem, particularly
+as coal had priority. "How quickly they can move the sugar is
+one factor determining import levels," he said.
+    Another factor was the quality of the harvest in Cuba,
+China's major supplier through barter trade, he said.
+    "China bought two distress cargoes last week, for about
+152/153 dlrs a tonne," he added. "China is not a desperate buyer
+now. But if the Cuban harvest is bad, it will have to go into
+the open market."
+    A Japanese trader said Peking's major concern regarding
+imports was price.
+    "While the foreign trade situation has improved this year,
+foreign exchange restraints persist," he said.
+    The diplomat said domestic demand was rising by about five
+pct a year but "a communist government is in a much better
+position to regulate demand than a capitalist one, if the
+foreign exchange situation demands it."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7369" NEWID="17924">
+<DATE> 2-JUN-1987 05:42:37.63</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0386&#31;reute
+u f BC-UAE-TRADE,-CURRENT-AC   06-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE TRADE, CURRENT ACCOUNT SURPLUSES NARROW</TITLE>
+<DATELINE>    ABU DHABI, June 2 - </DATELINE><BODY>The United Arab Emirates recorded a
+1986 trade surplus of 12.2 billion dirhams, narrowing from 30.2
+billion in 1985, the central bank's latest bulletin shows.
+    The central bank said the lower surplus was mainly due to
+the decline in the value of exports and re-exports to 37.2
+billion dirhams from 54.2 billion in 1985. This reflected the
+decline in oil prices last year and difficulties in marketing
+UAE oil, the central bank added.
+    The surplus on the current account narrowed to 6.8 billion
+dirhams from 25.5 billion in 1985. The overall balance showed a
+surplus of 4.8 billion after 2.6 billion in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7370" NEWID="17925">
+<DATE> 2-JUN-1987 05:44:52.99</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>kuwait</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0389&#31;reute
+u f BC-KUWAIT-REJECTS-IRANIA   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT REJECTS IRANIAN SPY BOAT CHARGES</TITLE>
+<DATELINE>    KUWAIT, June 2 - </DATELINE><BODY>Kuwait, a target of Iranian anger over the
+emirate's backing for Iraq in the Gulf war, today rejected
+charges that fishing vessels seized recently by Iran were spy
+boats.
+    "There are no bases of truth to the contents of the Iranian
+accusation on the nature of the operations of the vessels
+recently taken into custody by Iran. These vessels were out
+fishing," the Foreign Ministry said in a statement.
+    It said Iranian Charge d'Affaires Mohammad Baqeri was
+summoned by the Ministry yesterday to confer with Foreign
+Undersecretary Suleiman Majed al-Shaheen.
+    The Iranian News Agency IRNA said on Sunday Iran had seized
+seven Kuwaiti speed boats and detained their crew, who
+confessed to spying for Iraq under the cover of fishing.
+    It said the boats were intercepted in the Khur Abdullah
+waterway which separates Kuwait and Iraq's Faw peninsula at the
+head of the Gulf, captured by Iran last year.
+    The Kuwaiti response came as Iranian envoys toured Gulf
+Arab states saying responsibility for security and stability in
+the waterway was a regional matter. A U.S. Senate team was
+scheduled today to meet Kuwait's Crown Prince and Prime
+Minister Sheikh Saad al-Abdulla al-Sabah and the defence and
+oil ministers.
+    Today's Foreign Ministry statement, carried by the Kuwait
+News Agency KUNA, said the recent detention of Kuwaiti fishing
+vessels by Iran was not the first.
+    Tehran in the past had held back a number of vessels Kuwait
+had sought to release through diplomatic contacts, it said.
+    "However, Kuwait is perplexed that this time the Iranian
+charges are accompanied by accusations that the vessels were
+undertaking espionage activities," it said.
+    Shaheen condemned the detentions and accusations, and asked
+Tehran to free all fishing boats and sailors held by Iran, the
+statement said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7371" NEWID="17926">
+<DATE> 2-JUN-1987 05:46:30.48</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0394&#31;reute
+r f BC-UAE-TRADE,-CURRENT-AC   06-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE TRADE, CURRENT ACCOUNT SURPLUSES NARROW</TITLE>
+<DATELINE>    ABU DHABI, June 2 - </DATELINE><BODY>The United Arab Emirates (UAE) recorded
+a 1986 trade surplus of 12.2 billion dirhams, narrowing from
+30.2 billion in 1985, the central bank's latest bulletin shows.
+    The central bank said the lower surplus was mainly due to
+the decline in the value of exports and reexports to 37.2
+billion dirhams from 54.2 billion in 1985. This reflected the
+decline in oil prices last year and difficulties in marketing
+UAE oil, the central bank added.
+    The surplus on the current account narrowed to 6.8 billion
+dirhams from 25.5 billion in 1985. The overall balance showed a
+surplus of 4.8 billion after 2.6 billion in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7372" NEWID="17927">
+<DATE> 2-JUN-1987 05:49:29.21</DATE>
+<TOPICS><D>propane</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0398&#31;reute
+u f BC-BP-CUTS-NORTH-SEA-PRO   06-02 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP CUTS NORTH SEA PROPANE PRICE, BUTANE UNCHANGED</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>British Petroleum LP Gas International
+said it cut its North Sea LPG (Liquified Petroleum Gas) posted
+price for propane to 95 dlrs from 110 dlrs a tonne, effective
+June 1.
+    The move follows a similar cut to 92 from 108 dlrs a tonne
+announced by Shell U.K. Ltd Friday, also fob North Sea
+terminals and effective June 1 until further notice. Both
+companies left their butane prices unchanged at 123 dlrs a
+tonne.
+    A BP statement said its cut came "as a result of a price
+review occasioned by substantial changes in the LPG market." BP
+last lowered its posted propane price from 175 dlrs a tonne on
+March 1, and Shell U.K.'s last change was from 113 dlrs May 1.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7373" NEWID="17928">
+<DATE> 2-JUN-1987 05:50:01.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0400&#31;reute
+r f BC-OMAN-CENTRAL-BANK-TO   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMAN CENTRAL BANK TO ISSUE TREASURY BILLS</TITLE>
+<DATELINE>    BAHRAIN, June 2 - </DATELINE><BODY>Oman's central bank is expected to
+announce shortly the go-ahead for a weekly offering of treasury
+bills to the sultanate's 22 local and foreign banks, banking
+sources in Muscat said.
+    The central bank's board is due to approve the scheme at
+its next meeting on June 7 and it is likely to be explained to
+banks at a meeting with general managers scheduled for June 14,
+the sources said.
+    The decision to issue short-term government paper will come
+as a relief to banks in Oman which have been awash with
+liquidity but have few outlets for investment.
+    Oman's banks are allowed to swap only 40 pct of capital and
+reserves into foreign currencies, effectively preventing them
+from investing excess funds in eurodollar deposits where yields
+are much higher than in the domestic interbank market.
+    A treasury bill system would go some way to meeting banks'
+complaints on this score, bankers in Muscat said. Their
+dissatisfaction is expected to be voiced at the June 14 meeting
+if the treasury bill scheme is not launched.
+    Bahrain introduced a weekly treasury bill tender last
+December, offering local banks two mln dinars in 91-day bills
+by tender each Tuesday.
+    Other nations in the Gulf also offer banks short-term
+paper, with the United Arab Emirates issuing certificates of
+deposit each week while Saudi Arabia offers "bankers' security
+deposit accounts."
+    Both the Bahrain treasury bills and Saudi Arabian deposit
+accounts can be used by banks in repurchase agreements to
+obtain short-term money market aid.
+    Bankers in Muscat said the format of Oman's treasury bill
+offering is not yet clear. Some expect a maturity of 91-days,
+similar to Bahrain.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7374" NEWID="17929">
+<DATE> 2-JUN-1987 06:18:20.85</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>hisham-nazer</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0440&#31;reute
+b f BC-SAUDI-ARABIA-WILL-NOT   06-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA WILL NOT AGREE "MAD" OIL PRICE RISE</TITLE>
+<DATELINE>    RIYADH, June 2 - </DATELINE><BODY>Saudi Arabia's Oil Minister Hisham Nazer
+said Riyadh would not agree to a cut in oil prices and would
+not accept a "mad" increase that would drive consumers away.
+    He told al-Riyadh newspaper, "Saudi Arabia follows a
+balanced petroleum policy. It does not approve of a decrease in
+prices from current levels and it also does not accept a mad
+increase that would drive consumers away and make them try and
+find alternative sources (for energy)."
+    OPEC agreed last December to cut production after world
+prices hit new lows in 1986. They agreed on a pricing system
+aimed to stabilise the market around 18 dlrs a barrel.
+    OPEC is scheduled to meet in Vienna on June 25, where it
+will review its current oil price and production policy.
+    Saudi Arabia's King Fahd said last month that he wanted oil
+prices to remain stable for the next two years.
+    Saudi Arabia is the architect of the current pricing and
+production pact, which is backed by Kuwait and the UAE. The
+current pact set a production ceiling for first half 1987 of
+15.8 mln bpd, and implemented fixed prices based on an 18 dlrs
+a barrel average.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7375" NEWID="17930">
+<DATE> 2-JUN-1987 06:22:13.08</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0443&#31;reute
+u f BC-TAIWAN-CURBS-INFLOWS   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN CURBS INFLOWS OF FOREIGN EXCHANGE</TITLE>
+<DATELINE>    TAIPEI, June 2 - </DATELINE><BODY>Taiwan's central bank announced that as
+from today the overseas foreign exchange borrowings of local
+and foreign banks would be frozen at the level they reached at
+the end of May.
+    The central bank's statement added that the measure would
+be effective until the end of July.
+    Bankers said the measure is designed to curb the inflow of
+foreign exchange and slow the growth of money supply. They
+added that the move, which sparked a record single day plunge
+of the local stock market, would limit their ability to lend
+foreign exchange to importers and exporters.
+    Foreign exchange borrowings by local and foreign banks
+reached almost 12 billion U.S. Dlrs by the end of April,
+according to official statistics.
+    Last week the central bank said that from today it would
+reduce its purchase of forward U.S. Dollars from banks to 40
+pct from 90 pct of the value of the contract. It said the move
+was needed because of "distortions" in the foreign exchange
+market.
+    Exporters, nervous about the appreciating Taiwan dollar,
+have been heavily selling forward U.S. Dollars on the interbank
+market to avoid exchange rate losses.
+    Official figures show that forward U.S. Dollar sales in May
+reached a record of almost six billion U.S. Dlrs against 5.9
+billion in April.
+    All Taiwan's foreign exchange earnings must be converted
+into local dollars, boosting money supply at a time of booming
+exports. Money supply rose a seasonally adjusted 51.86 pct in
+the year to end-April, raising fears of higher inflation.
+    In March the central bank clamped tight restrictions on
+remittances of foreign exchange by companies and individuals to
+Taiwan in a move to curb inflows of speculative money.
+    Economists and bankers estimate that the rising value of
+the local dollar has attracted about ten billion U.S. Dlrs of
+speculative money into Taiwan since early last year. It has
+flowed in mainly from Hong Kong, Japan and the U.S..
+    Since September 1985 the Taiwan dollar has risen by about
+22 pct against the U.S. Dollar.
+    Bankers said the government's efforts to stabilise the
+foreign exchange market were a prelude to lifting all curbs on
+capital outflows. The central bank has said the controls will
+be dropped by the end of July or early August.
+    Foreign exchange dealers said today's announcement caused
+jitters in the market with foreign and local banks making heavy
+purchases of U.S. Dollars. They said the central bank sold
+about 30 mln U.S. Dlrs.
+    Taiwan's stock market plunged a record 75.53 points to
+close at 1,803.08.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7376" NEWID="17931">
+<DATE> 2-JUN-1987 06:23:32.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0446&#31;reute
+b f BC-CNP-OF-PORTUGAL-MANDA   06-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CNP OF PORTUGAL MANDATES 250 MLN DLR LOAN</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Companhia Nacional de Petroquimica EP
+(CNP), the Portugese state-owned oil refinery and
+petrochemicals company, has awarded a mandate to Bank of
+America International Ltd and Manufacturers Hanover Ltd to
+arrange a 250 mln dlr loan, banking sources said.
+    The loan will be for eight years and proceeds will be used
+to refinance existing debt.
+    Interest will be at 12.5 basis points above the London
+Interbank Offered Rate (Libor) for the first four years, with
+the margin rising to 15 basis points in the last four years. No
+other fees were immediately available.
+    Bankers noted that CNP has faced significant financial
+problems over the past year as a result of investments in areas
+which proved to be unprofitable.
+    Portugal is attempting to maintain its position in the
+petrochemical industry and is undertaking a restructuring of
+CNP, which involves the divestment of certain unprofitable
+assets.
+    Partly because of these problems, the new loan carries a
+"letter of support and assumption" under which the Republic would
+assume the obligations of CNP should it be unable to meet any
+payments or cease to exist.
+    Furthermore, bankers noted that this financing covers all
+of CNP's existing debt, some of which was state-guaranteed but
+some of which was not.
+    The existing loans had maturities of about seven to 10
+years and carried interest margins of between 3/8 and 5/8 pct.
+    By consolidating the loans and covering them with the
+Republic's support, the borrower was able to obtain a reduction
+in the margins on the new loan, bankers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7377" NEWID="17932">
+<DATE> 2-JUN-1987 06:30:48.30</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0459&#31;reute
+f f BC-U.K.-RESERVES-RISE-UN   06-02 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. RESERVES RISE UNDERLYING 4.8 BILLION DLRS IN MAY, (2.9 BILLION APRIL) - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7378" NEWID="17933">
+<DATE> 2-JUN-1987 06:31:07.93</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0461&#31;reute
+b f BC-U.K.-RESERVES-SHOW-RE   06-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. RESERVES SHOW RECORD UNDERLYING RISE IN MAY</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Britain's gold and currency reserves rose
+a record underlying 4.76 billion dlrs in May, following April's
+2.9 billion dlrs increase, the Treasury said.
+    The underlying trend indicates the level of recent Bank of
+England intervention on currency markets to curb sterling's
+strength. It was above market expectations which had been for a
+rise of between one billion and three billion dlrs.
+    The Treasury declined comment on the figures.
+    Actual reserves rose 4.87 billion dlrs in May, compared
+with April's 2.8 billion increase, to a total value of 34.68
+billion dlrs, compared with 29.81 billion at the end of April.
+    Borrowings under the exchange cover scheme were 238 mln
+dlrs, against April's 66 mln. Repayments under the scheme were
+85 mln dlrs, after 90 mln previously, with capital repayments
+of eight mln, after three mln last month.
+    Repayments of government debt amounted to 33 mln dlrs.
+    The underlying reserves increase is net of borrowings and
+repayments.
+    It was larger than the previous record 3.04 billion dlrs
+rise seen in October 1977. The May increase represents the
+seventh monthly rise, with reserves up 9.947 billion dlrs in
+that period, and up 9.816 billion since the start of 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7379" NEWID="17934">
+<DATE> 2-JUN-1987 06:33:35.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE><D>deng-xiaoping</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0467&#31;reute
+u f BC-CHINA-DELAYS-REFORM-B   06-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA DELAYS REFORM BECAUSE OF POLITICS, ECONOMICS</TITLE>
+<AUTHOR>    By Mark O'Neill, Reuters</AUTHOR>
+<DATELINE>    PEKING, June 2 - </DATELINE><BODY>China had postponed wide-ranging plans to
+reform its economy because of financial difficulties and
+pressure from powerful conservatives within the ruling
+Communist Party, western diplomats said.
+    But they said that although the conservatives were critical
+of aspects of the current open-door policy they had no
+alternative economic program. That meant that the strategy
+begun by top leader Deng Xiaoping in 1978 was likely to go on,
+but at a slower pace, they said.
+    Deng has led China's overhaul of the Stalinist economy
+built during the rule of Chairman Mao. Since Mao died in 1976
+living standards have risen sharply and China has become a net
+exporter of grain for the first time.
+    A western diplomat said China's leaders had been
+sufficiently encouraged by their success last year to order the
+drawing up of plans for more reforms for 1987. These included
+changes to the country's price system.
+    But he said the biggest reforms had been shelved since
+economic problems appeared in late 1986 and the resignation of
+Communist Party chief Hu Yaobang in January.
+    The diplomat said the most ambitious reforms would not be
+on the agenda for a major party meeting later this year.
+    The main economic reform proceeding in 1987 is a system
+under which factories sign contracts with the government. They
+can keep any profit over and above the contract amount.
+    "This is a modest reform, a repeat of what China did in the
+early 1980s," the diplomat said.
+    "It is regarded as second best by the reformers who drew up
+the more ambitious plans. But these are impractical in the
+current political and economic climate," he said.
+    A Chinese source said that a month ago Premier Zhao Ziyang
+decided the media was giving too much coverage to the drive
+against bourgeois liberalism and not enough to explaining the
+proposed reforms. Some of these reforms, like price increases,
+were very unpopular.
+    Zhao ordered the media to give more coverage to the reforms
+and why they were necessary, the source said.
+    One of China's top economists wrote in the People's Daily
+last week, "Failure to answer people's questions about the new
+prices has caused great anxiety."
+    In March, China announced budget deficits for 1986 and
+1987. It has had two years of trade deficits, and capital
+spending and wages are rising fast.
+    On the political front, the conservatives in the Party have
+been on the offensive since January when Hu resigned. He
+allegedly failed to fight the growth of western democratic
+ideas, which the Party has called bourgeois liberalism.
+    A nationwide drive against bourgeois liberalism has been
+under way since January in the Party and the media. The latter
+has given wide coverage to those in the leadership who have
+warned against the errors of all-out westernisation.
+    The economist said, "Although reform in any country
+inevitably causes anxiety and is often risky, it has been
+proved that, where reform is more daring, commodities are more
+abundant and people's living standards higher."
+    "But in the countries that are more rigid, the market is
+stagnant, goods are in short supply and rationing is common," he
+said.
+    The diplomat said the reformers wanted to complete their
+unfinished overhaul of China's pricing system.
+    The diplomat said the reformers wanted to make factories
+independent of the government which would use taxes, credit
+supply and other indirect means to regulate them instead of
+administrative diktat as in the past.
+    "But to enact such far-reaching measures they need a stable
+economy, contented workers and surpluses, to give them
+manoeuvring room. These conditions do not exist now," he said.
+    Another diplomat said that conservatives within the
+leadership, though critical of some results of the reforms, had
+no alternative economic strategy.
+    "The last eight years of opening to the outside world has
+shown everyone how poor China is and how it has fallen behind
+other countries," the diplomat said.
+    "Everyone is agreed on the objective that China become a
+major world power by the early 21st century," he said.
+    "For this, it needs a strong and modernised economy. Where
+there is disagreement is over the pace of the reforms and the
+details of some of them."
+    The Chinese source said the debate over the pace and extent
+of reforms was still going on.
+    (See ECRA for spotlight index)
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7380" NEWID="17935">
+<DATE> 2-JUN-1987 06:33:56.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0469&#31;reute
+u f BC-CHINA-TAKES-SERIOUS-V   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA TAKES SERIOUS VIEW OF MFA EXTENSION</TITLE>
+<DATELINE>    PEKING, June 2 - </DATELINE><BODY>China took a serious view of a Multi-Fibre
+Agreement (MFA) protocol which it said infringed principles of
+the General Agreement on Tariffs and Trade (GATT), the People's
+Daily overseas edition said.
+    It quoted a spokesman of the Ministry of Foreign Economic
+Relations and Trade as saying the protocol, signed on July 31
+last year and which extended the MFA for five years, would
+affect international textile trade by broadening curbs in it.
+    Fifty major textile trading countries adopted the new MFA
+last July in Geneva, limiting Third World exports of textiles
+to industrialised countries.
+    The newspaper said China signed the protocol on May 31, 10
+months after it was signed by other nations.
+    A U.S. Diplomat said the U.S. And China had had months of
+talks on the issue, with the U.S. Saying that it would have to
+introduce unilateral restraints if China did not sign.
+    He said that the new MFA pact extended controls to silk and
+ramie in addition to existing ones on cotton and man-made
+fibres.
+    China, the world's biggest producer of ramie and a major
+silk producer, had flooded the U.S. Market the previous two
+years with goods made from both and from linen because these
+three categories were not under quota, the diplomat said.
+    It had become the biggest supplier by volume, though not by
+value, of textiles to the U.S., With exports in the first five
+months of this year up by 24 pct from the same 1986 period.
+    He estimated total 1987 textile exports would be 15 pct up
+on the 1986 level.
+    Chinese customs figures show exports of textile yarn,
+fabrics, made-up articles and related products to the U.S. In
+calendar 1986 as being worth 1.314 billion yuan, up from 870
+mln in 1985.
+    The diplomat said China and the U.S. Had held two rounds of
+talks on drawing up a new three to five-year textile pact, to
+replace the present one, due to expire at the end of 1987.
+    They involved discussion of overshipment of Chinese
+textiles this year to the U.S. Due to counterfeit licences, a
+problem the Ministry of Foreign Economic Relations and Trade
+admitted to last week, he said, but gave no more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7381" NEWID="17936">
+<DATE> 2-JUN-1987 06:35:23.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0475&#31;reute
+b f BC-CANADA-ISSUES-80-BILL   06-02 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA ISSUES 80 BILLION YEN EUROBOND</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Canada is issuing an 80 billion yen
+eurobond due June 25, 1992 paying 4-3/8 pct and priced at
+101-1/2 pct, lead manager Nomura International Ltd said.
+    The non-callable bond is available in denominations of one
+mln and 10 mln yen and will be listed in Luxembourg. The
+selling concession is 1-1/4 pct while management and
+underwriting combined pays 5/8 pct.
+    Payment date is June 25.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7382" NEWID="17937">
+<DATE> 2-JUN-1987 06:39:52.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0487&#31;reute
+u f BC-HOECHST-SALES-FALL-IN   06-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOECHST SALES FALL IN FIRST FIVE MONTHS</TITLE>
+<DATELINE>    FRANKFURT, June 2 - </DATELINE><BODY>Hoechst AG &lt;HFAG.F> parent company
+turnover fell in the first five months of 1987, with domestic
+business losing seven pct and exports dropping eight pct from
+the same period last year, management board chairman Wolfgang
+Hilger told the annual meeting.
+    In volume terms, however, turnover was somewhat improved,
+he said. Domestic sales, by volume, were steady in the first
+five months and export volume rose two pct.
+    He gave no figures for turnover or sales volume.
+    As already reported, parent company sales fell to 3.44
+billion marks in the first quarter of 1987, 7.6 pct below the
+first 1986 quarter. Domestic sales lost 6.6 pct and export
+business fell by 8.5 pct compared with the 1986 quarter. First
+quarter group pre-tax profits rose to 686 mln marks from 649
+mln in the same period last year.
+    Hilger said Hoechst's aim this year was to make prices
+competitive internationally, but also to cover costs. The
+compmany has already taken measures to reduce costs internally,
+he said. Hoechst expects to post another good profit in 1987,
+Hilger said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7383" NEWID="17938">
+<DATE> 2-JUN-1987 06:40:36.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0490&#31;reute
+u f BC-U.K.-BUILDING-SOCIETI   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BUILDING SOCIETIES JOIN BANK CLEARING SYSTEM</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The two largest U.K. Building societies,
+the Halifax and Abbey National, said they have joined the
+banks' centralised clearing system.
+    The move is intended to cut the current four or five days'
+delay in clearing credits and attract the direct payment of
+customers' salaries into building societies rather than into
+banks, spokesmen for the two societies said.
+    It is the first time non-banking organisations have entered
+the clearing system and emphasises the growing competition
+between building societies and banks, industry sources said.
+    The two societies yesterday joined the Bankers' Automated
+Clearing Services (BACS) which settles small, automated
+payments and the Association of Payment Clearing Systems
+(APACS) which sets policy for Britain's payment systems.
+    The Halifax had previously settled small payments through
+Barclays bank and Abbey National through Lloyds bank, the
+spokesmen said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7384" NEWID="17939">
+<DATE> 2-JUN-1987 06:44:02.49</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>nakasone</D><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0502&#31;reute
+f f BC-Nakasone,-Sumita-agre   06-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Nakasone, Sumita agree discount rate cut not appropriate now - central bank sources
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7385" NEWID="17940">
+<DATE> 2-JUN-1987 06:49:54.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C T G
+&#22;&#22;&#1;f0514&#31;reute
+r f BC-WORLD-BANK-CAN-AID-PH   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK CAN AID PHILIPPINES' LAND DEVELOPMENT</TITLE>
+<AUTHOR>    By Chaitanya Kalbag, Reuters</AUTHOR>
+<DATELINE>    MANILA, June 2 - </DATELINE><BODY>The World Bank's policies prevent it from
+lending money for the transfer of land from landowners to the
+landless, but it can help finance development of the
+Philippines' proposed land reform program, a bank official
+said.
+    "The World Bank by its established policies cannot use its
+resources to finance the transfer of assets from one group to
+another. Our mandate is to finance investment-related
+activities," Rolando Arrivillaga, the bank's resident
+representative in the Philippines, told Reuters in an
+interview.
+    Arrivillaga said he wanted to clarify part of a report by a
+World Bank mission that came in March to review the land reform
+program and which said the bank would not be able to finance
+compensation payments for the transfer of land.
+    He said the Philippine government had never asked the bank
+to finance land transfers, and the bank's position should not
+be taken to mean that it ruled out any lending for the program.
+    "Clearly in the case of land reform the question of land
+transfer by definition is transferring assets from the landed
+to the landless," Arrivillaga said. "However, the bank as an
+institution can finance the development aspects of the program."
+    "We will deal with the part of the program that deals with
+how to put the land to effective use once it has been
+transferred and how to make the on-farm investments that are
+needed to attain the goal of improving the income level of the
+beneficiaries," Arrivillaga said.
+    "I wouldn't be surprised if other multilateral institutions
+are faced with similar constraints," he said.
+    President Corazon Aquino's spokesman said last week that
+she was committed to launching the program, which limits land
+holdings to seven hectares, by using her sweeping powers of
+rule by decree before a new Congress convenes in July.
+    Presidential spokesman Teodoro Benigno said the land reform
+program, estimated to cost about 44 billion pesos, would be
+implemented in four phases and benefit 2.64 mln farmers.
+    Benigno said the first two phases would complete the
+transfer of rice and corn lands and abandoned farmland as well
+as the transfer of land sequestered, expropriated or foreclosed
+by the government and would cover 1.15 mln hectares.
+    But Aquino would not decree the redistribution of large
+sugar, banana and coconut plantations, leaving it to the
+Congress to work out the details, Benigno said.
+    Arrivillaga said bilateral aid donors, who form part of a
+consultative group led by the World Bank, might be prepared to
+finance the land transfers.
+    "I don't think there are fast and easy rules as to how
+international sources of finance would behave in a situation
+like this, because land reform by its very nature requires rich
+financing to be able to carry out the reform in a way equitable
+to both the landowner and the beneficiary," he said.
+    Arrivillaga said the first priority for the government
+would be to tap domestic sources of financing for the land
+transfer, but external assistance could be brought in if there
+were gaps.
+    "In such a fundamental reform the test of the willingness of
+the government is how it confronts the domestic resource
+requirement," Arrivillaga said. "Multilateral agencies by their
+very nature are lenders of last resort. It means they have to
+be convinced that the government prioritises the program."
+    He said the World Bank had financed developmental costs
+under an earlier land reform program launched by former
+President Ferdinand Marcos in 1972, and such aid had been
+channelled through the Land Bank of the Philippines (LBP).
+    The LBP is the main implementing agency under Aquino's
+program.
+    "If asked to do so again and the program is designed to
+improve the standard of living of the poor then we would
+certainly be prepared to consider (lending)," Arrivillaga said.
+    He said the tendency in such programs was to exaggerate the
+costs by presenting ten-year perspectives in a one-year
+context.
+    Arrivillaga said the government could solve most of its
+financing problems by devising effective instruments to
+compensate landowners.
+    Finance Secretary Jaime Ongpin has said landowners are
+likely to be paid 10 pct in cash and the rest in 10-year bonds
+with 10 pct of their face value redeemable each year.
+    Arrivillaga said any instruments used to compensate
+landowners had to be freely tradable at near face value and
+added: "The challenge is to devise a system of deferred payments
+that is as good as cash."
+    He said the international financing community was watching
+the Philippine experiment with great interest.
+    "They are going to be an interesting model for many other
+countries because they opened a dialogue on the reforms to
+every sector of the population and even international
+institutions," he said. "I think they'll be on a very solid base
+when they make the decision to launch the reforms."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7386" NEWID="17941">
+<DATE> 2-JUN-1987 06:51:54.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0522&#31;reute
+b f BC-MITSUBISHI-CHEMICAL-I   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI CHEMICAL ISSUES EQUITY WARRANT BOND</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Mitsubishi Chemical Industries Ltd
+&lt;MCIT.T> is issuing a 200 mln dlr equity warrant eurobond due
+June 30, 1992 with an indicated coupon of 1-1/2 pct and par
+pricing, lead manager Yamaichi International (Europe) Ltd said.
+    Final terms for the issue will be set on June 10. The
+selling concession is 1-1/2 pct, while management and
+underwriting each pay 3/8 pct. The issue is available in
+denominations of 5,000 dlrs and will be listed in Luxembourg.
+    The payment date is June 30 and the warrants are
+exercisable from July 15, 1987 until June 16, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7387" NEWID="17942">
+<DATE> 2-JUN-1987 06:55:57.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0530&#31;reute
+u f BC-NEW-PRIMARY-MARKET-RU   06-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW PRIMARY MARKET RULES TO TAKE EFFECT JUNE 15</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The International Primary Market
+Association's new rules for lead managers of fixed rate dollar
+bonds will take effect on June 15, an IPMA official said.
+    The new IPMA rules require a lead manager to quote firm
+prices at which it will buy and sell newly issued bonds for 12
+months after the launch. The rules were first proposed March
+27.
+    Christopher Sibson, secretary general of IPMA, said the
+rules are not expected to have a noticeable impact on the
+market because they only apply to dollar denominated bonds,
+which have been scarce recently.
+    This year, euroyen issuance has outstripped dollar bonds.
+    Sibson said that the rules are intended to provide greater
+liquidity in the new issues market where underwriters sometimes
+step away from deals they have managed if the market moves away
+from them.
+    However, he noted that the IPMA rules are voluntary and the
+organization has no authority to enforce them.
+    Sibson said that similar rules for new issues denominated
+in other currencies will be put into effect later, following
+consultation with the Association of International Bond
+Dealers, another trade organization.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7388" NEWID="17943">
+<DATE> 2-JUN-1987 06:59:30.51</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0535&#31;reute
+b f BC-NAKASONE,-SUMITA-AGRE   06-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE, SUMITA AGREE RATE CUT NOT APPROPRIATE</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone today
+agreed with Bank of Japan governor Satoshi Sumita that a
+further cut in the discount rate was not appropriate at
+present, central bank sources said.
+    They told Reuters the two discussed the subject at a
+routine meeting.
+    Sumita told Nakasone he did not feel a rate cut was
+appropriate and Nakasone expressed his understanding, the
+sources said.
+    Currency dealers have speculated that Japan and West
+Germany might come under pressure at next week's Venice summit
+to cut interest rates to boost their economies.
+    Nakasone, but not Sumita, is due to attend the summit.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7389" NEWID="17944">
+<DATE> 2-JUN-1987 07:11:17.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0559&#31;reute
+r f BC-NABISCO-EXPECTED-TO-I   06-02 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NABISCO EXPECTED TO ISSUE DOLLAR STRAIGHT</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Nabisco Brands Inc, or one of its units,
+is expected to issue shortly a dollar straight eurobond,
+probably totalling 100 mln dlrs, bond market sources said.
+    They said they expect the issue will have a seven year
+maturity, but to have an investor put option after four years
+at par. The coupon is expected to be 8-3/4 pct while pricing
+will be at 101-3/8 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7390" NEWID="17945">
+<DATE> 2-JUN-1987 07:11:36.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0560&#31;reute
+r f BC-RJR-NABISCO-INC-ISSUE   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR NABISCO INC ISSUES 100 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>RJR Nabisco Inc is issuing a 100 mln dlr
+eurobond due June 30, 1994 paying 8-3/4 pct and priced at
+101-3/8 pct, lead manager of Bank of America International Ltd
+said. This confirms an earlier report by bond market sources.
+    The issue has an investor put option after four years at
+par but is non-callable. The selling concession is 1-1/8 pct
+while management and underwriting combined pays 1/2 pct.
+    The issue is available in denominations of 1,000 and 10,000
+dlrs and listing will be in Luxembourg. The payment date is
+June 30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7391" NEWID="17946">
+<DATE> 2-JUN-1987 07:14:55.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0570&#31;reute
+r f BC-JAPAN-RAISES-LIMITS-O   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN RAISES LIMITS ON NON-LIFE INSURERS' LENDING</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>The Finance Ministry would raise lending
+limits on local non-life insurance firms to meet the increasing
+need for efficient fund management, a ministry spokesman said.
+    He said the allowable non-collateral lending limits would
+be increased to 30 pct of each insurer's total assets from 25
+pct and that overseas subsidiaries will be made eligible as
+borrowers.
+    The lending limit for non-life insurers which do not
+satisfy criteria for making non-collateral loans would be
+expanded to three pct of total assets from one pct.
+    The upper limit of lending of securities by non-life
+insurance companies, now set at five pct of each insurer's
+total assets would be abolished, the official said.
+    This will enable such lending by non-life insurers to be
+included in the separate category of money lending, which is
+limited to 55 pct of the total assets of each insurer.
+    Approvals for the changes, which must be given to each
+insurer on application, were expected to begin soon, possibly
+as early as next week.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7392" NEWID="17947">
+<DATE> 2-JUN-1987 07:18:35.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f0584&#31;reute
+r f BC-JAPAN-TO-USE-TAX-CARR   06-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO USE TAX CARRY-OVER TO HELP FUND PACKAGE</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>Government tax revenues for the 1986/87
+ year ended March 31 were more than 600 billion yen higher than
+forecast and could be used to help fund the economic package
+announced last week, Finance Ministry sources said.
+    The final figure for 1986/87 will not be available until
+next month, but some local newspapers speculated that the
+carryover could be as much as 1,000 billion yen.
+    The government is due to introduce a supplementary budget
+during an extarordinary parliamentary session expected to start
+in July. The budget will be used to finance the central
+government share of last Friday's emergency economic package.
+    That package totalled more than 6,000 billion yen,
+including more than 1,000 billion in tax cuts.
+    Government officials including Finance Minister Kiichi
+Miyazawa have previously said possible revenue sources for tax
+cuts include the tax revenue carryover from 1986/87 and
+proceeds from the sale of shares in the privatized Nippon
+Telegraph and Telephone Corp.
+    The sale of 1.95 mln NTT shares in 1986/87 left about 450
+billion yen available for use as a revenue source for tax cuts,
+the sources said. Another 1.95 mln are expected to be sold in
+the current fiscal year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7393" NEWID="17948">
+<DATE> 2-JUN-1987 07:19:03.64</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0586&#31;reute
+r f BC-JAPAN-CONCERNED-AT-EC   06-02 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN CONCERNED AT EC TRADE THREATS - MINISTER</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>Japan is disappointed at the recent threats
+of trade retaliation from the European Community (EC) just as
+the trade situation between the two is improving, Japanese
+Trade and Industry Minister Hajime Tamura said.
+    "I am deeply concerned that the EC has moved to take a
+harsher line toward Japan despite this tangible improvement," he
+said in a speech prepared for delivery at the opening of a new
+centre designed to improve understanding between the two sides.
+    Last week, foreign ministers of the 12 EC nations agreed to
+impose tariffs on a range of unspecified Japanese electrical
+goods unless Tokyo opened its markets more to EC exports.
+    Tamura referred to a 55 pct rise in Japanese imports of EC
+manufactured goods in the year ended March 31.
+    "I feel this is a strong step on the road to balance through
+expansion."
+    "While I do not deny the existence of the trade deficit
+between Japan and the EC, I believe it should be rectified not
+by reducing trade through import restrictions or export
+restraints, but by expanding the (overall) trade," Tamura said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7394" NEWID="17949">
+<DATE> 2-JUN-1987 07:24:10.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0605&#31;reute
+u f BC-INTEL,-MATRA-HARRIS-D   06-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEL, MATRA-HARRIS DISSOLVE CIMATEL PARTNERSHIP</TITLE>
+<DATELINE>    PARIS, June 2 - </DATELINE><BODY>Intel Corp &lt;INTC> of Santa Clara, Calif.
+And Matra-Harris-Semiconducteurs (MHS) said their Cimatel joint
+venture design facility was dissolved as from June 1.
+    Intel makes logic and memory components. MHS is a joint
+venture of the Matra group &lt;MATR.PA> and Harris Corp &lt;HRS>.
+    Cimatel was formed in 1982 to design standard VLSI devices
+for the telecommunications and computer graphics markets.
+    MHS said in a statement that changing market conditions had
+led Intel to reassess its marketing policy. It had concluded
+that without common marketing goals a common design centre was
+impractical.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7395" NEWID="17950">
+<DATE> 2-JUN-1987 07:27:34.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0609&#31;reute
+u f BC-GLYNWED-BUYS-GALLAHER   06-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLYNWED BUYS GALLAHER UNITS FOR AROUND 14 MLN STG</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Glynwed International Plc &lt;GLYN.L> said it
+had bought all the issued shares of two companies belonging to
+Gallaher Ltd, a subsidiary of American Brands Inc &lt;AMB>, in a
+deal worth around 14 mln stg.
+    The full names of the companies purchased from Gallaher are
+&lt;Formatura Iniezione Polimeri Spa>, Genoa and &lt;FIP U.K. Ltd>,
+Weybridge.
+    Consideration for the purchases, which will be based on the
+net asset values per share of the companies, has yet to be
+finalised but some nine mln stg of the total represents debt
+assumed by Glynwed.
+    FIP is a manufacturer of valves and other pressure pipe
+fittings in thermoplastics. Its products are complementary to
+those of Glynwed subsidiaries, Durapipe U.K. And Philmac.
+    The acquisitions appreciably develop and strengthen
+Glynwed's strategic position in the thermoplastic pipework
+systems market.
+    The sale by Gallaher reflects a decision to dispose of more
+peripheral businesses. Proceeds of the sale will be used in the
+continuing expansion of the Gallaher group. Glynwed shares were
+up 5p to 494 after the announcement. Gallaher is not quoted on
+the London Stock Exchange.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7396" NEWID="17951">
+<DATE> 2-JUN-1987 07:30:52.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0613&#31;reute
+u f BC-ITALIAN-MINISTER-APPR   06-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN MINISTER APPROVES TELECOMMUNICATIONS FIRM</TITLE>
+<DATELINE>    ROME, June 2 - </DATELINE><BODY>Italy's Ministry of State Participation said
+it formally approved the telecommunications joint venture
+between STET, a subsidiary of the state holding company
+&lt;Istituto per la Ricostruzione Industriale> (IRI) and Fiat Spa
+&lt;FIAT.MI>.
+    A ministry spokesman said Minister Clelio Darida passed the
+joint venture &lt;Telit - Telecommunicazioni Italiane Spa> this
+morning. Darida's approval was needed for the venture.
+    STET and Fiat each hold 48 pct of Telit's capital, with the
+remaining stake held by state merchant bank Mediobanca Spa
+&lt;MDBI.MI>.
+    The spokesman said Darida's approval includes a provision
+that if the government eventually reduces its majority stake in
+Mediobanca, the bank's four pct Telit shareholding will be
+transferred to another public financial institution.
+    As reported, Telit will group the operations of Fiat's
+subsidiary Telettra Spa and STET's Italtel - Societa Italiana
+Telecommunicazioni Spa.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7397" NEWID="17952">
+<DATE> 2-JUN-1987 07:33:02.61</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0620&#31;reute
+u f BC-KUWAITI-DINAR-RATES-F   06-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAITI DINAR RATES FIRM, AID WINDOW OPEN</TITLE>
+<DATELINE>    KUWAIT, June 2 - </DATELINE><BODY>Interest rates on Kuwaiti dinar deposits
+held firm in scattered trading despite a Central Bank decision
+to revive limited funding lines, dealers said.
+    The Central Bank, which last Tuesday shut a daily aid
+window through which it lent funds of up to one year, reopened
+the facility for three month money, which was available at
+seven pct, they said.
+    It offered one month funds at seven pct through swap
+facilities, dealers said.
+    Today's Central Bank action, combined with sales of dollars
+by some banks, helped ease a recent credit squeeze engineered
+by the monetary authority to stem a rush for the U.S. Currency
+arising from attractive U.S. Interest rates and Gulf tension,
+dealers said.
+    However, as one dealer noted: "The market is still
+unsettled."
+    Overnight funds, bid at 20 pct at the outset of business,
+traded up to 30 pct before easing as liquidity dragged offers
+down to 10 pct by the close. Tomorrow-next, for which buy/sell
+quotes started at 30, 20 pct, ended at 14, eight.
+    Spot-next was indicated at 8-1/2, seven after opening bids
+of 10. Dealers quoted one-week at eight, seven against an early
+9-1/2, 7-1/2.
+    One month rates were at the same level after trade at eight
+then 8-1/2. Dealers quoted three months at seven, 6-3/4 pct and
+six-month to one year funds at seven, six pct. They reported
+offshore offers of overnight at 10, tomorrow-next at eight and
+one year at 6-1/2 pct towards the close.
+     The Central Bank fixed its dinar exchange rate steady at
+0.27933/67 to the dollar, against yesterday's 0.27939/73. The
+spot dinar was 0.27930/40.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7398" NEWID="17953">
+<DATE> 2-JUN-1987 07:36:58.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>japan</D><D>west-germany</D><D>canada</D><D>france</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0628&#31;reute
+u f BC-FEW-EXPECT-NEW-ECONOM   06-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEW EXPECT NEW ECONOMIC INITIATIVES IN VENICE</TITLE>
+<AUTHOR>    By Geert Linnebank, Reuters</AUTHOR>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The Venice summit on June 8-10 is likely
+to disappoint those hoping for new policies to whip up flagging
+world growth, according to officials from summit countries.
+    Worries over protectionist threats and the Third World debt
+crisis are also unlikely to be assuaged, they added.
+    The talks may yield agreed statements on the military
+situation in the Gulf, co-operation in the fight against the
+killer disease AIDS or on East-West relations, they said.
+    But most summit participants have made it clear that major
+new initiatives on economic issues must not be expected.
+    West German Chancellor Helmut Kohl said in a recent
+interview that "the translation of previous announcements into
+policy is more important than new declarations and commitments."
+    The main goal at the summit would be to strengthen existing
+agreements to secure steady medium term growth and avoid "the
+danger of a further devaluation of the dollar" via close
+co-operation on economic and financial policies, Kohl added.
+    Critics challenged this view. They pointed to the worrying
+background of slower growth, especially in Japan and Germany,
+amid fears about a pickup in inflation in the U.S. Which could
+lead to higher interest rates and exacerbate the debt crisis.
+    The marginal impact that the major shifts in dollar, yen
+and mark exchange rates have had on the Japanese and German
+trade surpluses and U.S. Trade and fiscal deficits since the
+September 1985 Plaza agreement was also a cause for concern.
+    Economists said the recent rise in the dollar was likely to
+be quickly reversed in the absence of new commitments in
+Venice.
+    But government officials do not expect summit delegations -
+from the U.S., Japan, Germany, Britain, France, Italy, Canada
+and the European Community - to go much beyond restating policy
+goals enshrined in the February Louvre agreement of Group of
+Seven finance ministers and central bankers.
+    Under the agreement, aimed at halting the dollar's 20-month
+decline and at fostering balanced growth, Japan and West
+Germany would work to eliminate their trade and payments
+surpluses in return for a U.S. Pledge to reduce fiscal
+deficits.
+    A 6,000 billion yen package announced by Prime Minister
+Yasuhiro Nakasone last week went some way towards that goal and
+appeared to have saved Japan from a widely anticipated summit
+attack on its economic policies, officials said.
+    The package, featuring government spending and tax cuts to
+stimulate demand, drew a cautious welcome in European capitals
+but its reception in the U.S. Was much more enthusiastic.
+    Treasury Secretary James Baker commented, "Of course,
+implementation is the key, but this is clearly forward movement
+toward fulfillment by Japan of its commitments."
+    With Japan signalling its willingness to boost domestic
+demand rather than rely on exports for growth, the U.S. And
+other summit countries were now set to shift their attention to
+West Germany and press Kohl for similar action, officials said.
+    U.S. Assistant treasury secretary David Mulford said there
+was worldwide concern that German economic growth has flagged,
+and the U.S. Would demand that Kohl confirm a commitment that
+policies would be reviewed if growth continued sluggish.
+    But West German officials said Kohl would fiercely resist
+any such pressure. One senior Bonn official said, "There is just
+no room for manoeuvre for any economic moves."
+    Finance minister Gerhard Stoltenberg has problems finding
+cash to finance tax cuts promised for 1990, and is reluctantly
+letting government borrowing rise, Bonn officials said.
+    Citing fierce opposition by West Germany and Britain,
+European officials also ruled out progress on U.S. Plans for a
+more formal strategy for coordinating economic policies, based
+on a series of economic indicators.
+    The U.S. Wants other Group of Seven countries to agree to
+high level consultations when the indicators, including trade,
+growth, interest and exchange rates, inflation and fiscal
+deficits, show members are not living up to economic
+commitments.
+  But Germany and Britain fear the plan would undermine
+economic sovereignty, and Britain also feels the proposals are
+too complicated and too rigid, officials said.
+    Recent developments on Third World debt, including moves by
+two of the largest U.S. Banks to set aside billions of dollars
+to cover bad loans, will feature prominently in the talks.
+    U.S. And Japanese officials said they would seek to
+reactivate the Baker initiative at the summit and renew a call
+to commercial banks to come up with a "menu of alternatives" to
+restore some new bank lending to debtor countries.
+    Officials said there was also scope for agreement on a
+Franco-British plan aimed at alleviating the burden for the
+world's poorest debtor countries through concessional
+rescheduling of their sovereign debt at the Paris Club.
+    The talks would also include plans to dismantle runaway
+farm subsidies all summit nations pay to guarantee the income
+of their farmers and secure a share of world markets, they
+said.
+    The 24 members of the Organisation for Economic Cooperation
+and Development (OECD) last month supported a gradual
+decoupling of farm production subsidies from income support for
+farmers.
+    The U.S., Canada and Britain in particular are keen to move
+quickly after the OECD breakthrough, officials said.
+    "What we want is not for treasuries to compete as they do
+now. We want to see to it that our farmers will be able to
+compete in international markets," Canadian Prime Minister Brian
+Mulroney said.
+    The U.S. Intends to table specific proposals on the issue
+at GATT, the world trade body, immediately after the summit to
+signal that it wants negotiations on farm trade to take
+precedence over the other trade issues included in the new GATT
+round of talks launched last year in Punta del Este, Uruguay.
+    "We won't have much tolerance for delay," U.S. Agriculture
+Secretary Richard Lyng said.
+    But European officials said they would resist such moves,
+making an agreement at the summit unlikely. France and other EC
+countries insist that farm trade disputes be resolved as part
+of a wider trade settlement within GATT, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7399" NEWID="17954">
+<DATE> 2-JUN-1987 08:05:31.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0685&#31;reute
+u f BC-NEWBERY-&lt;NBE>-FAILS-I   06-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWBERY &lt;NBE> FAILS IN GETTING LONGTERM FUNDING</TITLE>
+<DATELINE>    TEMPE, Ariz., June 2 - </DATELINE><BODY>Newbery Corp said Fireman's Fund
+Corp &lt;FFC> ane United Bancorp of Arizona &lt;UBAZ.O> have elected
+not to extend a financing agreement with Newbery, and the
+company has been unsuccessful in securing long-term financing
+from other sources.
+    It said Fireman's Fund has declined to provide long-term
+financial assistance and United does not intend to extend the
+maturity of 11 mln dlrs in notes owed by Newbery beyond
+yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7400" NEWID="17955">
+<DATE> 2-JUN-1987 08:06:41.03</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>ship</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f0688&#31;reute
+u f BC-SHIP-PREPARES-TO-LOAD   06-02 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHIP PREPARES TO LOAD WHEAT FOR FIJI AT GEELONG</TITLE>
+<DATELINE>    SYDNEY, June 2 - </DATELINE><BODY>The French ship Capitaine Wallis, 13,847
+dwt, berthed at the port of Geelong in Victoria today to load
+8,000 tonnes of urgently needed wheat for Fiji after Australian
+port unions partly lifted a trade embargo, shipping sources
+said.
+    The wheat is expected to be loaded tomorrow, an Australian
+Wheat Board spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7401" NEWID="17956">
+<DATE> 2-JUN-1987 08:09:33.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0701&#31;reute
+u f BC-BOEING-&lt;BA>-STARTS-AR   06-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING &lt;BA> STARTS ARGOSYSTEMS &lt;ARGI.O> BID</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Boeing co said it has started the 37 dlr
+per share tender offer for all shares of ARGOSystems Inc that
+it announced yesterday morning.
+    In a newspaper advertisement, the company said the offer,
+withdrawal rights and proration deadline all expire June 30
+unless extended.
+    The offer is not conditioned on receipt of any minimum
+number of shares, Boeing said.  If at least 90 pct of
+ARGOSystems' shares are tendered, it said it will buy all
+shares, but if less than 90 pct are tendered, it said it plans
+to buy only 49 pct in the offer.
+    Boeing said if less than 90 pct of ARGOSystems' shares are
+tendered, but the purchase of all shares tendered along with
+the exercise of options it holds would give it over 90 pct of
+ARGOSystems, Boeing may buy all shares tendered.
+    ARGOSystems has granted Boeing an option to buy up to
+1,238,311 new shares or a 15.6 pct interest at 37 dlrs each,
+and shareholders have granted Boeing an option to purchase up
+to 597,885 shares at the same price, or about 8.9 pct of those
+now outstanding, without taking the company option into
+consideration.  A merger at the tender price that has been
+approved by the ARGOSystems board is to follow the offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7402" NEWID="17957">
+<DATE> 2-JUN-1987 08:12:26.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f0712&#31;reute
+r f BC-DUMEZ-HAS-478,125-UNI   06-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUMEZ HAS 478,125 UNITED WESTBURNE&lt;UWI.TO>SHARES</TITLE>
+<DATELINE>    MONTREAL, June 2 - </DATELINE><BODY>Dumez Investments Inc said it is
+accepting and paying for 478,125 shares of United Westburne
+Industries Ltd in response to its 25 dlr per share tender offer
+and it has extended the offer until June 26.
+    Dumez, 70 pct owned by Dumez SA &lt;DUMP.PA> and 30 pct by
+Unicorp Canada Corp &lt;UNIA.TO>, said the 478,125 shares
+represent 81.6 pct of those not controlled by Westburne
+International Ltd, which Dumez previously acquired in a tender.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7403" NEWID="17958">
+<DATE> 2-JUN-1987 08:15:26.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>italy</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0722&#31;reute
+r f BC-ITALY'S-AGIP-PETROLI   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S AGIP PETROLI BUYS STAKE IN U.S. COMPANY</TITLE>
+<DATELINE>    ROME, June 2 - </DATELINE><BODY>State oil firm Agip Petroli Spa said it has
+acquired a 50 pct stake in Steuart Petroleum Co, an independent
+U.S. Oil products company. Financial terms were not disclosed.
+    Agip Petroli, a subsidiary of state energy concern Ente
+Nazionali Idrocarburi, said in a statement that the remaining
+50 pct of the U.S. Firm is owned by Steuart Investment Co, a
+holding company that also operates in the sectors of
+transportation, hotels and insurance.
+    The Italian firm said Steuart Petroleum operates primarily
+on the East Coast.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7404" NEWID="17959">
+<DATE> 2-JUN-1987 08:29:53.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0749&#31;reute
+r f AM-AIDS-PEPTIDES   06-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESEARCHERS FIND PROMISING ANTI-AIDS AGENT</TITLE>
+<DATELINE>     WASHINGTON, June 2 - </DATELINE><BODY>Peptide T, a minute chemical
+structure that can be easily manufactured, effectively blocks
+the attack of the deadly AIDS virus on human cells, researchers
+claimed.
+     The U.S. National Institute of Mental Health announced at
+the third annual International Conference on Acquired Immune
+Deficiency Syndrome that Peptide T, first identified by
+institute neuro-scientist Dr. Candace Pert, "potently blocks
+entry of the AIDS virus into cells..."
+    
+    The U.S. Food and Drug Administration has quickly approved
+clinical testing of the naturally-occurring brain chemical. The
+decision  makes possible tests on AIDS victims.
+      Dr. Frederick Goodwin, the institute's scientific
+director, said in a joint interview with Pert, that "my gut
+reaction is that we are onto something."
+      He said that based on initial findings Peptide T may hold
+more promise as a treatment for those already suffering from
+AIDS, but could also have some value in the search for a
+vaccine to prevent the spread of the disease.
+   
+    A research team has found that Peptide T is capable of
+fully reversing brain cell damage caused by AIDS under a
+variety of laboratory tests.
+    Pert said that she sent doses of Peptide T last autumn to a
+Swedish doctor who provided the chemical to four AIDS patients.
+One died, but the three survivors showed some improvement, she
+said.
+   
+    Goodwin said that three major drug firms, which he declined
+to identify, are anxious to win permission to produce the
+Peptide T substance that he said has potential for finding a
+vaccine to safeguard against the deadly disease that has
+threatened the lives of over a million people thus far.
+    Pert said that the clinical testing in the United States
+would involve at least a dozen AIDS patients in a controlled
+environment, probably starting next month, which would
+hopefully verify the chemical's usefulness.        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7405" NEWID="17960">
+<DATE> 2-JUN-1987 08:32:00.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0757&#31;reute
+u f BC-CAROLCO-&lt;CRC>-MAY-BID   06-02 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAROLCO &lt;CRC> MAY BID FOR LIEBERMAN &lt;LMAN.O></TITLE>
+<DATELINE>    MINNEAPOLIS, June 2 - </DATELINE><BODY>Lieberman Enterprises Inc said
+Carolco Pictures Inc is negotiating for the acquisition of the
+50 pct of Lieberman shares held by the families of chairman
+David Lieberman and president Harold Okinow at 20.50 dlrs each,
+and if the deal were concluded, public shareholders would be
+offered the same price for their shares.
+    Lieberman said the Carolco bid to its public shareholders
+would be in cash or shareholders could be offered securities as
+an alternative. The offer would occur within about 90 days
+after the closing of the sale of the initial 50 pct stake, the
+company said.
+    The company said a final agreement has not yet been reached
+on the first transaction, but negotiations are expected to be
+concluded in early June. Present management is expected to
+continue to operate Lieberman, the company said. Lieberman
+distributes prerecorded music, video movies and other products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7406" NEWID="17961">
+<DATE> 2-JUN-1987 08:34:58.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f0777&#31;reute
+u f BC-RAINIER-&lt;RBANK.O>-TO   06-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAINIER &lt;RBANK.O> TO HAVE LOSS FROM PROVISION</TITLE>
+<DATELINE>    SEATTLE, June 2 - </DATELINE><BODY>Rainier Bancorp said it will add an extra
+58 mln dlrs to its loan loss reserve in the second quarter for
+possible credit losses related to Third World loans, causing a
+net loss of about 19 mln dlrs or 87 cts per share for the
+quarter and a loss of two mln dlrs or nine cts a share for the
+half.
+    It said second half earnings are expected to be at "normal
+profitability levels," resulting in "significant" profits for
+the year as a whole.
+    The company said the addition will raise its loan loss
+reserve to 136 mln dlrs.
+    Rainier said the special addition to its reserves
+represents about one third of its total Third World debt
+exposure.
+    It said it expects no change in its dividend policy -- it
+now pays 29 cts per share on a regular quarterly basis -- and
+plans to continue current dividend payments until it completes
+its proposed merger into Security Pacific Corp &lt;SPC>.
+    Yesterday, Security Pacific itself said it would set up a
+500 mln dlr reserve for Third World loans, causing a loss of
+about 175 mln dlrs for the second quarter.
+    Rainier earned 17.4 mln dlrs or 86 cts per share in last
+year's second quarter and 32.9 mln dlrs or 1.62 dlrs per share
+in last year's first half.
+    For all of 1986, Rainier earned 70.0 mln dlrs or 3.41 dlrs
+per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7407" NEWID="17962">
+<DATE> 2-JUN-1987 08:41:35.96</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>rice</D></TOPICS>
+<PLACES><D>fiji</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0788&#31;reute
+u f PM-FIJI   06-02 0180</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOMB THREATS, STRIKES AS FIJI SEES END TRADE BAN</TITLE>
+<DATELINE>    SUVA, June 2 - </DATELINE><BODY>Fiji today welcomed the ending of a trade
+ban imposed by Australian labor unions as supporters of the
+country's ousted prime minister Timoci Bavadra renewed pressure
+for his reinstatement with strikes and shop closures.
+    The government welcomed a decision by the Australian
+Waterside Workers' Federation to lift its ban on shipments to
+Fiji, imposed in support of Bavadra, whose newly-elected
+government was overthrown in a military coup on May 14.
+    The ban had threatened food shortages of imported wheat,
+fresh vegetables and medicines. A direct result of the union
+decision would be the immediate shipment of 9,000 tons of rice
+and wheat from an Australian port, the government said.
+    Shops in Nadi and Lautoka, center of the country's sugar
+industry, closed again today in support of Bavadra.
+    In Nadi two bomb threats forced evacuation of the
+Australian Westpac bank, but police said they turned out to be
+a hoax. Bavadra has launched a campaign of civil disobedience
+to press for his reinstatement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7408" NEWID="17963">
+<DATE> 2-JUN-1987 08:41:57.20</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>hisham-nazer</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A
+&#22;&#22;&#1;f0791&#31;reute
+u f BC-SAUDI-ARABIA-WILL-NOT   06-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ARABIA OPPOSES DRASTIC CHANGE IN OIL PRICE</TITLE>
+<DATELINE>    RIYADH, June 2 - </DATELINE><BODY>Saudi Arabia's Oil Minister Hisham Nazer
+said Riyadh would not agree to a cut in oil prices and would
+not accept a "mad" increase that would drive consumers away.
+    He told al-Riyadh newspaper, "Saudi Arabia follows a
+balanced petroleum policy. It does not approve of a decrease in
+prices from current levels and it also does not accept a mad
+increase that would drive consumers away and make them try and
+find alternative sources (for energy)."
+    OPEC agreed last December to cut production after world
+prices hit new lows in 1986. They agreed on a pricing system
+aimed to stabilize the market around 18 dlrs a barrel.
+
+    OPEC is scheduled to meet in Vienna on June 25, where it
+will review its current oil price and production policy.
+    Saudi Arabia's King Fahd said last month that he wanted oil
+prices to remain stable for the next two years.
+    Saudi Arabia is the architect of the current pricing and
+production pact, which is backed by Kuwait and the UAE. The
+current pact set a production ceiling for first half 1987 of
+15.8 mln bpd, and implemented fixed prices based on an 18 dlrs
+a barrel average.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7409" NEWID="17964">
+<DATE> 2-JUN-1987 08:45:59.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0805&#31;reute
+r f BC-HANSON-TRUST-SHOWS-SH   06-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANSON TRUST SHOWS SHARPLY HIGHER HALF-YEAR PROFIT</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Six months ended March 31, 1987
+    Share 6.0p vs 4.1p, diluted
+    Interim dividend 1.4p vs 1.05p
+    Pre-tax profit 312 mln stg vs 158 mln
+    Net profit 234 mln vs 114 mln
+    Sales 3.47 billion vs 1.55 billion
+    Operating profit 296 mln vs 164 mln
+    Interest and other income less central expenses credit 16
+mln vs debit six mln
+    Company's full name is Hanson Trust Plc &lt;HNSN.L>.
+    U.K. Operating profit by sector -
+    Consumer goods 123 mln stg vs 32 mln
+    Building products 31 mln vs 26 mln
+    Industrial 14 mln vs same
+    Food 20 mln vs nil.
+    U.S. Sectors -
+    Consumer goods 25 mln stg vs 20 mln
+    Building products 29 mln vs 25 mln
+    Food seven mln vs two mln
+    Businesses owned in 1986 and sold during 1987 nil vs nine
+mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7410" NEWID="17965">
+<DATE> 2-JUN-1987 08:48:38.66</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0808&#31;reute
+u f BC-HARNISCHFEGER-INDUSTR   06-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARNISCHFEGER INDUSTRIES INC &lt;HPH> 2ND QTR NET</TITLE>
+<DATELINE>    MILWAUKEE, June 2 - </DATELINE><BODY>April 30 end
+    Oper shr 20 cts vs 19 cts
+    Oper net 4,625,000 vs 6,781,000
+    Sales 250.2 mln vs 150.9 mln
+    Orders 351.5 mln vs 122.5 mln
+    1st half
+    Oper shr 29 cts vs 26 cts
+    Oper net 7,453,000 vs 12.0 mln
+    Sales 441.1 mln vs 255.6 mln
+    Orders 576.6 mln vs 221.1 mln
+    Backlog 848.3 mln vs 459.2 mln
+    NOTE: Prior year net excludes losses from discontinued
+operations of 32.9 mln dlrs in quarter and 35.7 mln dlrs in
+half.
+    Net excludes tax credit 2,540,000 dlrs vs credit reversal
+2,300,000 dlrs in quarter, credit 5,500,000 dlrs vs nil half.
+    Results include Syscom Corp from December 30, 1986 purchase
+and Beloit Corp from March 31, 1986 purchase.  Orders exclude
+253.6 mln dlrs acquired with Syscon acquisition.
+    Backlog at January 31 747 mln dlrs.
+    Average shares 21.5 mln vs 13.3 mln in quarter and 18.9 mln
+vs 13.3 mln in half.
+    Income tax provisions 2,200,000 dlrs vs 3,450,000 dlrs in
+quarter and 6,200,000 dlrs vs 7,225,000 dlrs in half.  Current
+quarter tax rate of 27.5 pct benefited from Wisconsin
+Department of Revenue Decision, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7411" NEWID="17966">
+<DATE> 2-JUN-1987 08:49:31.54</DATE>
+<TOPICS><D>reserves</D><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0811&#31;reute
+u f BC-U.K.-RESERVES-LIFT-HO   06-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. RESERVES LIFT HOPES OF FURTHER BASE RATE CUT</TITLE>
+<AUTHOR>    By Rowena Whelan, Reuters</AUTHOR>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The record 4.9 billion dlrs rise in U.K.
+Reserves in May to a total 34.7 billion has lifted hopes for a
+further cut in bank base lending rates after the June 11
+general election, market analysts said.
+    Sterling would have risen on the much better than expected
+number but for market nerves about the poll outcome, they said.
+    But the weight of foreign currency and gold reserves now
+available to the authorities to support the pound should curb
+any market tendency to panic if U.K. Opinion polls show the
+ruling Conservative Party's lead slipping, they added.
+    "We have been intervening to a very much greater extent than
+we have done hitherto," Chancellor of the Exchequer Nigel Lawson
+said at a news conference today, commenting on the news of the
+record reserves rise.
+    He put the U.K. Intervention in the context of the Louvre
+accord between leading industrial nations to stabilise the
+dollar, partly through direct intervention on foreign
+exchanges. "We have been playing a very full part ourselves," he
+said.
+    But market analysts see the recent upward pressure on
+sterling, and consequent need for official sales to damp down
+its rise, more in the light of local factors.
+    Steven Bell, chief economist at Morgan Grenfell Securities,
+said that corporate money has been flowing back into Britain
+amid hopes of another Conservative government, after fears last
+autumn of a Labour election victory sent it flooding out.
+    U.K. Portfolio investment is also returning, while foreign
+buyers see U.K. Growth propects and high bond yields as
+attractive. They will be strong buyers of U.K. Assets, notably
+equities, once the election is out of the way, Bell said.
+    Analysts see this pressure as the main hope for lower
+interest rates, as the government is expected to try to reverse
+the loss of export competitiveness caused by a strong pound.
+    Today, however, the pound hardly moved on the reserves
+news, dipping on its trade-weighted index against a basket of
+currencies from 73.1 pct of its 1975 value at 1000 GMT to 73.0
+pct at 1100 GMT, half an hour after the figures were released.
+    "The market doesn't want to do anything because of the
+election," commented an economist at a big U.S. Investment bank.
+    Several dealers and analysts added that market forecasts of
+a rise in reserves of between one and three billion dlrs had
+overestimated the amount of pound sales that were likely to
+have been disguised by swap arrangements or transactions on the
+forward market.
+    The market also seemed to have overestimated the amount of
+sterling the Bank of England bought at the end of May to smooth
+the pound's sudden downturn, while some of the intervention
+reported in May probably occurred in April, they said.
+    The key three months interbank money market rates eased
+about 1/8 point, reflecting cautious hopes that the downtrend
+in U.K. Interest rates will be revived following the reserves
+news, analysts said.
+    Government bond prices initially firmed, but the market was
+muted as traders worried about the funding implications of
+another huge rise in reserves, they added.
+    Morgan Grenfell's Bell forecast a half point base rate cut
+from the current nine pct level soon after the election, so
+long as poll projections of another Conservative victory prove
+accurate, with another half point later.
+    Justin Silverton, equity economist at Credit Suisse
+Buckmaster and Moore, said a full point reduction might be
+possible. "Sterling will be held down by interest rate cuts in
+future, rather than this active intervention," he predicted.
+    Kevin Boakes of Greenwell Montagu Gilt-Edged cautioned
+against over-optimistic forecasts, but agreed a half point cut
+looked likely.
+    A cut before the election has been virtually ruled out.
+    "The Bank (of England) is both worried about the political
+problem of cutting rates during an election campaign ... And
+has signalled some worry about broad money (growth)," said Robin
+Marshall, chief U.K. Economist at Chase Manhattan Securities.
+    He said the 10 billion dlrs increase in total reserves in
+the past seven months may foreshadow full U.K. Entry into the
+European Monetary System.
+    But Bell said the authorities would like to see another 10
+or 15 billion dlrs in the reserves before joining, if they did
+so. But, unlike many analysts, he doubted the U.K. Will go in.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7412" NEWID="17967">
+<DATE> 2-JUN-1987 08:54:30.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0822&#31;reute
+d f BC-SEAL-INC-&lt;SINC.O>-2ND   06-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEAL INC &lt;SINC.O> 2ND QTR APRIL 30 NET</TITLE>
+<DATELINE>    NAUGATUCK, Conn., June 2 -
+    </DATELINE><BODY>Shr profit 29 cts vs loss six cts
+    Net profit 645,000 vs loss 118,000
+    Sales 7,802,000 vs 4,330,000
+    1st half
+    Shr profit 58 cts vs profit 10 cts
+    Net profit 1,255,000 vs profit 212,000
+    Sales 14.5 mln vs 8,912,000
+    Avg shrs 2,183,150 vs 2,072,779
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7413" NEWID="17968">
+<DATE> 2-JUN-1987 08:54:46.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f0823&#31;reute
+u f BC-ENI-UNIT-AGIP-PETROLI   06-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENI UNIT AGIP PETROLI BUYS STAKE IN U.S. COMPANY</TITLE>
+<DATELINE>    Rome, June 2 - </DATELINE><BODY>A subsidiary of state energy concern Ente
+Nazionali Idrocarburi &lt;ENTN.MI> (ENI) said it has acquired a 50
+pct stake in &lt;Steuart Petroleum Co>, an independent U.S. Oil
+products company. Financial terms were not disclosed.
+    Agip Petroli Spa said in a statement that the remaining 50
+pct of the U.S. Firm is owned by &lt;Steuart Investment Co>, a
+holding company which also has interests transportation, hotels
+and insurance.
+    The Italian firm said Steuart Petroleum operates primarily
+on the East Coast of the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7414" NEWID="17969">
+<DATE> 2-JUN-1987 08:56:30.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0826&#31;reute
+r f BC-RAINIER-REALTY-&lt;RRETS   06-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAINIER REALTY &lt;RRETS.O> NOTE INTEREST RAISED</TITLE>
+<DATELINE>    SEATTLE, June 2 - </DATELINE><BODY>Rainier Realty Investors said Rainier
+Bancorp &lt;RBANK.O> has agreed to increase the interest rate on
+the notes the bank would offer in connection with the trust's
+proposed liquidation to 8-1/4 pct from eight pct.
+    The trust said it had asked for the increase to partly
+compensate for a recent rise in interest rates.  It said
+shareholders will continue to have the option of taking 9.14
+dlrs in cash for each of their shares, rather than seven-year
+Rainier notes with a principal value of 10 dlrs.  Shareholders
+weill vote on the proposal at a special meeting to be held July
+15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7415" NEWID="17970">
+<DATE> 2-JUN-1987 08:57:06.20</DATE>
+<TOPICS><D>cpi</D><D>gnp</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE><D>du-plessis</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0829&#31;reute
+u f BC-S.AFRICA-EXPECTED-TO   06-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S.AFRICA EXPECTED TO UNVEIL EXPANSIONARY BUDGET</TITLE>
+<AUTHOR>    By Christopher Wilson, Reuters</AUTHOR>
+<DATELINE>    CAPE TOWN, June 2 - </DATELINE><BODY>South Africa is expected to unveil
+tomorrow an expansionary budget for the second consecutive year
+in a bid to boost the nation's flagging economic growth rate,
+economic analysts said.
+    Faced with competing demands for increased military and
+police spending and the pressing need for more funds for black
+housing and education, Finance Minister Barend Du Plessis is
+expected to raise significantly the government's overall
+expenditure targets when he presents the budget to parliament,
+the analysts said.
+    Analysts expect Du Plessis to provide for a rise in state
+spending at least equal to the 16 pct inflation rate for the
+financial year that started on April 1, while ignoring pleas
+from the private sector to stimulate growth by cutting taxes.
+    "Fiscal policy has become gradually more expansionary, but
+simply raising government spending and increasing the budget
+deficit is an inflationary form of stimulation," said Rob Lee,
+chief economist at South African Mutual Life Assurance Co.
+    South Africa this year is targeting inflation-adjusted
+growth in GDP of three pct against an increase last year of
+less than one pct.
+    Growth in GDP over the past decade has averaged about 1.5
+pct, while the unemployment rate among blacks has spiralled to
+over 30 pct.
+    Economists estimate that the government's spending target
+will rise to about 47 billion rand, with revenue budgeted at
+around 40 billion rand. This would leave a budget deficit
+before borrowing of about seven billion rand, or four pct of
+GDP.
+    The government, having consistently overshot its own
+spending targets for more than a decade, also faces a
+credibility crisis over expenditure figures outlined in the
+budget, analysts said.
+    "The budget is invariably too optimistic on expenditure,"
+said Standard Bank Ltd in a budget preview.
+    Many analysts in the private sector are now paying less
+attention to the figures presented in the budget and are using
+their own estimates of expenditure to draw conclusions for the
+money and capital markets.
+    South African Mutual's Lee believes government spending
+will again exceed the budget target and increase to around 49
+billion rand this year, leaving a deficit of between 5 and 5.5
+pct of GDP, compared with a three pct limit suggested by the
+IMF.
+    "The IMF limit is obviously going to be abandoned," predicted
+one analyst, noting that South Africa has moved steadily away
+from austerity measures recommended by the IMF over the past
+two years.
+    The policy shift followed a dramatic deterioration in the
+political situation and the onset of an economic crisis
+triggered by the refusal of major foreign banks to roll over
+loans to the country in September 1985.
+    Against a background of Western economic sanctions, falling
+per capita incomes, rising joblessness and high inflation,
+government officials say economic growth is the prime
+objective.
+    But private-sector economists caution that the government's
+ability to promote growth by boosting state spending is
+constrained by the need to maintain a large surplus on the
+current account of the country's balance of payments.
+    Most of that surplus, this year estimated at around 2.5
+billion dlrs, will be swallowed up by repayments on the
+nation's estimated 23 billion dlr foreign debt in terms of an
+arrangement reached earlier this year with major international
+creditor banks.
+    Within these constraints, economists believe Du Plessis has
+little room to manoeuvre.
+    Analysts argue recent rises in civil service salaries and
+budgeted spending increases for the state-owned Post Office and
+South African Transport Services suggest that major tax
+concessions to individuals or corporations are unlikely.
+    Du Plessis earlier this year announced small concessions
+for taxpayers in a mini-budget before the May 6 whites-only
+election. The poll delayed presentation of the national budget.
+    "This will not be a very exciting budget," commented Harry
+Schwarz, spokesman on finance for the liberal Progressive
+Federal Party. "I do not expect any major tax cuts as all the
+sweets were given out before the election."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7416" NEWID="17971">
+<DATE> 2-JUN-1987 08:57:14.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0830&#31;reute
+r f BC-ALASKA-AIR-&lt;ALK>-LOAD   06-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALASKA AIR &lt;ALK> LOAD FACTOR UP IN MAY</TITLE>
+<DATELINE>    SEATTLE, June 2 - </DATELINE><BODY>Alaska Air Group Inc's Alaska Airlines
+subsidiary said its load factor was 58.6 pct last month, up
+from 58 pct in May 1986.
+    It said revenue passenger miles incrased eight pct to 234.9
+mln from 217.9 mln in the year ago month and available seat
+miles were up ;seven pct to 400.7 mln from 375.8 mln.
+    For the first five months of 1987, Alaska Airlines said,
+its passenger load factor was 54.5 pct, up from 53.4 pct a year
+earlier. Revenue passenger miles increased five pct to 1.05
+billion and available seat miles were up three pct to 1.92
+billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7417" NEWID="17972">
+<DATE> 2-JUN-1987 08:58:48.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0835&#31;reute
+d f BC-DEL-E.-WEBB-INVESTMEN   06-02 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEL E. WEBB INVESTMENT PROPERTIES INC &lt;DWPA.O></TITLE>
+<DATELINE>    PHOENIX, June 2 - </DATELINE><BODY>1st qtr
+    Shr seven cts vs nine cts
+    Net 166,000 vs 201,000
+    Revs 801,000 vs 687,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7418" NEWID="17973">
+<DATE> 2-JUN-1987 09:02:10.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0841&#31;reute
+d f BC-BASIX-CORP-&lt;BAS>-TO-S   06-02 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASIX CORP &lt;BAS> TO SELL UNIT TO CUBIC &lt;CUB></TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>BASIX Corp said it has agreed in
+principle to sell the stock of its Automatic Toll Systems Inc
+subsidiary to Cubic Corp for about 26 mln dlrs.
+    The company said it would retain Automatic Toll assets
+worth about nine mln dlrs to dispose of over time.
+    The company said completion of the transaction is subject
+to approval by both boards and BASIX's banks and the expiration
+of the Hart-Scott-Rodino waiting period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7419" NEWID="17974">
+<DATE> 2-JUN-1987 09:03:01.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0844&#31;reute
+d f BC-AAR-&lt;AIR>-ELEASING-UN   06-02 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AAR &lt;AIR> ELEASING UNIT SELLS FIVE AIRCRAFT</TITLE>
+<DATELINE>    ELK GROVE VILLAGE, ILL., June 2 - </DATELINE><BODY>AAR Corp said its AAR
+Financial Services Corp nonconsolidated leasing subsidiary sold
+its beneficial interest in five used Boeing 737-200 aircraft.
+    In March, 1985 the aircraft were acquired from and leased
+back to Piedmont Aviation Inc &lt;PIE>.
+    AAR said the beneficial interest was sold to CIS Corp of
+San Francisco.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7420" NEWID="17975">
+<DATE> 2-JUN-1987 09:03:56.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0848&#31;reute
+d f BC-ONCOR-INC-&lt;ONCR.O>-1S   06-02 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONCOR INC &lt;ONCR.O> 1ST QTR LOSS</TITLE>
+<DATELINE>    GAITHERSBURG, Md., June 2 -
+    </DATELINE><BODY>Shr loss 12 cts vs loss five cts
+    Net loss 347,849 vs loss 103,489
+    Sales 222,697 vs 150,534
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7421" NEWID="17976">
+<DATE> 2-JUN-1987 09:07:59.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f0853&#31;reute
+r f BC-NEW-PROBLEMS-FOR-WORL   06-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW PROBLEMS FOR WORLD BANK IN DEBT STRATEGY</TITLE>
+<AUTHOR>    By Alver Carlson, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The World Bank, in the throes of a
+painful reorganization, faces new strains because of actions by
+Citibank and others to set aside new Latin debt reserves,
+financial analysts and monetary sources said.
+    The monetary sources said the reorganization has caused
+some bad feelings and charges that promotions and other
+personnel actions have been based on personality rather than
+ability. It also had some effect in undermining the Bank's role
+in the global debt strategy, the sources said.
+    At the center of the controversy is Bank President Barber
+Conable, whose reorganization efforts are getting some 
+critical review from many Bank staff members and some member-
+countries including the United States.
+    "I think if he were to do it again, he would do it very
+differently," said one source.
+    Conable, a former congressman from New York appointed by
+President Reagan to the senior most position at the Bank nearly
+a year ago, has taken the view that the Bank badly needed to be
+reorganized and perhaps made more streamlined.
+    In this he had the backing of many in the Reagan
+administration who viewed the Bank as a bloated and inefficient
+bureaucracy that gave money to countries when other free-market
+sources of assistance were available.
+    However, the Bank had been singled out for a much greater
+role under the U.S. debt initiative proposed by Treasury
+Secretary James Baker.  That strategy, which called for some 20
+billion dlrs in new funding from the commerical banks and nine
+billion dlrs in spending from the development banks, mostly the
+World Bank, came under profound doubt with the decision by
+Citibank and Chase Manhattan to set aside new reserves.
+    This move, heralded by some sources as a measure that gives
+all parties more time, frightened others, who see it as the
+beginning of a tit for tat exercise that could lead to complete
+unraveling of the monetary system.
+    As envisioned by the latter, the next move would be for
+Brazil, which has delayed payments on its debts, to say it does
+not intend to pay interest for a very long period of time.
+    Citibank and other banks could then decide to stop
+financing the country's export credits, the funds countries use
+to support their daily activities, leading to an economic
+breakdown.
+    "Within six weeks alot of countries could be out of
+business," said one source.
+    Citibank's initial step last month was to set some three
+billion dlrs in a general reserve for potential losses on loans
+to developing countries.  It was followed by a similar move by
+Chase Manhattan some days later.
+    In the best of all worlds, the kind of cooperation that was
+demonstrated between the International Monetary Fund (IMF), the
+multilateral development banks, the wealthy countries and
+commercial banks when the debt crisis surfaced in 1982, could
+emerge again but no one is expecting that.
+    If anything, the negotiations have become much more
+confrontational with the debtor countries pressing for more
+concessions, arguing that they face growing political
+instability if they are asked to do or pay more.
+    They are very critical of the IMF's austerity measures and
+there is sympathy for their view among the development
+community.
+    "When you hear code words like structural adjustment and
+tightening your belt.  What that means is that the poor peasent
+making 700 dlrs a year should drop it to 500 dlrs," says one
+source.
+    He adds: "And when your hear they should have market forces
+at play, that means the level of public services should drop."
+    It had been hoped that giving the World Bank a greater role
+in the debt strategy might defuse the growing resistance in the
+debtor countries to measures that increased already prevalent
+poverty even further.
+   The Bank, which primarily assists countries in the building
+of roads, sewerage systems, education, and other so-called
+infrastructure, is viewed in the Third World as benefactor.
+   The IMF, however, which essentially forged the debt stategy
+following the disclosure by Mexico in 1982 that it was near
+default, is considered a stern taskmaster that has little
+sympathy or even understanding of poverty.
+    But there are doubts about how well the Baker initiative
+has worked and about the World Bank's success at bringing about
+increased growth in the Third World under the U.S. prescription
+which indicated that countries might grow their way out of
+their difficulty.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7422" NEWID="17977">
+<DATE> 2-JUN-1987 09:08:47.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0854&#31;reute
+u f BC-GM-UNIT-&lt;GMH>-NEGOTIA   06-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM UNIT &lt;GMH> NEGOTIATING FOR BRITISH CONTRACT</TITLE>
+<DATELINE>    EL SEGUNDO, Calif., June 2 - </DATELINE><BODY>General Motors Corp's Hughes
+Aircraft Co subsidiary said it has been chosen by British
+Satellite Broadcasting to negotiate for a contract worth about
+300 mln dlrs to deliver two satellites for direct broadcast
+television.
+    The company said the first of the satellites is scheduled
+to start up three channels of direct broadcast satellite
+television by late 1989.
+    The company said the contract should be signed by June 30. 
+Each satellite would be equipped with three 110-watt channels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7423" NEWID="17978">
+<DATE> 2-JUN-1987 09:11:19.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0863&#31;reute
+u f BC-RESDEL-&lt;RSDL.O>,-SAN/   06-02 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESDEL &lt;RSDL.O>, SAN/BAR &lt;SBAR.O> IN MERGER DEAL</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., June 2 - </DATELINE><BODY>Resdel Industries Inc said
+it has agreed to acquire San/Bar Corp in a share-for-share
+exchange, after San/Bar distributes all shgares of its
+Break-Free Corp subsidiary to San/Bar shareholders on a
+share-for-share basis.
+    The company said also before the merger, San/Bar would
+Barry K. Hallamore and Lloyd G. Hallamore, San/Bar's director
+of corporate development, 1,312,500 dlrs and 1,087,500 dlrs
+respectviely under agreements entered into in October 1983.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7424" NEWID="17979">
+<DATE> 2-JUN-1987 09:11:36.38</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>sri-lanka</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0864&#31;reute
+u f AM-SRILANKA ***  06-02 0180</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBO TO DEFEND WATERS, INDIA READIES FLOTILLA</TITLE>
+<DATELINE>    COLOMBO, June 2 - </DATELINE><BODY>Sri Lanka today ordered its armed forces
+to defend the island's territorial waters as India prepared to
+send a flotilla with relief supplies that Colombo says it does
+not want for the Tamils in the Jaffna peninsula.
+    The sudden crisis between Sri Lanka and its giant neighbour
+deepened as Prime Minister Ranasinghe Premadasa told
+parliament: "We have our territorial limits and nobody can be
+allowed to trespass there ...
+    "President (Junius) Jayewardene has ordered the army, navy
+and air force to protect the island and its territorial waters,"
+Premadasa said to a round of applause from the house.
+    In New Delhi an Indian spokesman said the plan to send a
+flotilla of 20 small unarmed boats with Red Cross supplies to
+Jaffna tomorrow would go ahead despite Colombo's objections.
+    The confrontation was the latest result of the long and
+bitter conflict between Sri Lanka's Buddhist Sinhalese majority
+and the Hindu Tamil minority, which has strong ethnic and
+cultural links with India's 50 mln Tamils.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7425" NEWID="17980">
+<DATE> 2-JUN-1987 09:14:36.57</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D><D>west-germany</D><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0877&#31;reute
+u f BC-LAWSON-SAYS-LOUVRE-CU   06-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SAYS LOUVRE CURRENCY ACCORD SATISFACTORY</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The Louvre agreement by the Group of Seven
+finance ministers and central bankers to stabilise currencies
+has worked well and needs no fundamental strengthening at the
+economic summit in Venice on June 8-10, U.K. Chancellor of the
+Exchequer Nigel Lawson said.
+    Previewing the summit, which he expected would not produce
+any major new economic initiatives, Lawson told reporters work
+remained to be done on improving the conditions for lasting
+world economic growth.�&#5;&#30;side measures to boost growth, he said.
+
+    "I think it is possible that there may be scope for a
+further reduction in interest rates in Germany," he added, but
+stressed that he had had no indication that such a move was
+likely. He made no mention of Japanese interest rates.
+    Lawson said the U.S. Should embark on "a gradual reduction
+of its fiscal deficits over the next two or three years."
+    He said the February 22 Louvre accord had produced
+"satisfactory exchange rate stability," in part thanks to heavy
+coordinated intervention of Group of Seven central banks, and
+he was "content" with sterling's exchange rate.
+    Pointing to the record 4.8 billion stg rise in U.K. May
+currency reserves announced today he said, "we have been playing
+a very full part ourselves ... We have been intervening to a
+very much greater extent than we had done hitherto."
+    Lawson said there was a risk that the Louvre agreement may
+falter if member states did not implement the macro-economic
+commitments underlying the accord.
+    "Certainly it would be more difficult to maintain exchange
+rate stability if countries are seen not to implement their
+commitments in Paris ... In this respect." He said the U.S.
+Budget deficit was "very important."
+    Noting the 6,000 billion yen economic package announced by
+Japanese Prime Minister Yasuhiro Nakasone last week Lawson
+said, "what is really needed in Japan is an increase in
+merchandise imports. Supply side measures are critical."
+    "There is a specific range of consumer and agricultural
+goods where they have an extremely restrictive regime which is
+wholly unjustified," he said.
+    Lawson doubted that Tokyo's partners would indulge in "Japan
+bashing" at the summit especially after the economic stimulation
+package and the announcement of Nakasone's plans to increase
+Japanese development aid over the next three years.
+    Japan's more flexible stance on Tokyo stock exchange
+membership would also help deflect criticism, he said.
+    He said he thought West Germany would instead come under
+pressure at the summit to adopt similar stimulation measures to
+jack up faltering economic growth.
+    In this respect Lawson said he hoped Bonn would bring
+forward to January 1988 part of its agreed package of tax cuts
+scheduled for 1990. He also called on Bonn to push ahead with
+the privatisation of German national industries.
+    On debt, Lawson said he expected a three point British plan
+to alleviate the burden of the poorest sub-saharan countries to
+make progress in Venice.
+    The plan, involving concessional rescheduling of sovereign
+debt in the Paris Club, was first proposed at the IMF and World
+Bank meetings in Washington earlier this year.
+    Lawson said he would seek "to consolidate political backing
+for the plan at the Venice summit" and hoped the programme would
+be finalised at the Autumn meetings of the IMF and World Bank.
+    He welcomed the recent moves by Citicorp and Chase
+Manhattan to increase sharply their Third World debt
+provisions.
+    "First, it is a blow for realism. Second, because the market
+response has shown that banks have much less to fear from this
+sort of move than they felt before Citicorp," he said.
+    U.K. Banks should follow Bank of England recommendations,
+strengthening their balance sheets and making more provisions.
+"They have done it to some extent, they need to do it more,"
+Lawson said, adding it was up to the banks themselves to
+determine the appropriate size of provisions.
+    He also said the dismantling of farm subsidies would be
+discussed at the summit. "There is a consensus, which we have to
+push further."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7426" NEWID="17981">
+<DATE> 2-JUN-1987 09:18:40.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0888&#31;reute
+w f BC-CENTEL-&lt;CNT>-COMPLETE   06-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTEL &lt;CNT> COMPLETES SALE</TITLE>
+<DATELINE>    CHICAGO, June 2 - </DATELINE><BODY>Centel Corp said it completed the sale of
+its water properties serving 8,000 customers in four
+southwestern Kansas communities to Central Kansas Utility Co of
+Columbia, Mo.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7427" NEWID="17982">
+<DATE> 2-JUN-1987 09:18:49.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0889&#31;reute
+b f BC-UNILEVER-CAPITAL-CORP   06-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNILEVER CAPITAL CORP ISSUES NZ DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Unilever Capital Corp NV is issuing a 65
+mln New Zealand dlr eurobond due July 7, 1989 with an 18-1/4
+pct coupon and priced at 101-1/4, bookrunner Hambros Bank Ltd
+said.
+    Joint lead managers are EBC Amro Bank Ltd and Hambros.  The
+bonds, guaranteed by Unilever Plc, will be issued in
+denominations of 1,000 and 5,000 dlrs and listed in Luxembourg.
+    Fees comprise 1/2 pct for management and underwriting
+combined and 7/8 pct for selling.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7428" NEWID="17983">
+<DATE> 2-JUN-1987 09:19:36.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f0890&#31;reute
+u f BC-AMOCO-&lt;AN>-CANADA-OFF   06-02 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> CANADA OFFER TO TOP ONE BILLION DLRS</TITLE>
+<DATELINE>     Toronto, June 2 - </DATELINE><BODY>The public stock offering Amoco Canada
+plans if it succeeds in its 5.2 billion-dlr takeover of Dome
+Petroleum Ltd &lt;DMP> will be worth more than one billion
+Canadian dlrs, a published report said.
+    Public stockholders would own at least 15 pct of Amoco
+Canada, although Amoco plans to raise the level of Canadian
+participation higher than that, Amoco Canada president Donald
+Stacy said in an interview in the Toronto Star.
+    Stacy would not say how much higher, adding that that
+question will be the subject of discussions between Amoco and
+Investment Canada, the federal agency which reviews foreign
+takeovers of Canadian companies, the newspaper said.
+   
+    Amoco Canada plans to make its submission to the agency
+next Thursday.
+    Stacy said the issue would be sold in stages and that the
+first stage would be worth 200 mln to 300 mln Canadian dlrs,
+the Star said. The initial offering would not take place until
+at least one year after Amoco acquired Dome, to allow the two
+operations to merge.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7429" NEWID="17984">
+<DATE> 2-JUN-1987 09:24:57.36</DATE>
+<TOPICS><D>cocoa</D><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0901&#31;reute
+d f BC-W.R.-GRACE-&lt;GRA>,-BER   06-02 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>W.R. GRACE &lt;GRA>, BERISFORD PLAN COCOA VENTURE</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>W.R. Grace and Co said it has agreed to
+combine its cocoa processing businesses with those of S. and W.
+Berisford PLC.
+    It said the joint venture, to be 68.4 pct owned by Grace
+and 31.6 pct by Berisford, would have annual sales in 1987 of
+over 700 mln dlrs.
+    Grace said the transaction involves the combination of its
+cocoa products division and two Berisford cocoa processing
+units, which would be operated under Grace management.
+    The company said Berisford would contribute its Dutch and
+West German cocoa subsidiaries and issue new ordinary shares to
+Grace in connection with the transaction.  It said closing is
+expected by early fall, subject to regulatory approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7430" NEWID="17985">
+<DATE> 2-JUN-1987 09:33:33.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0930&#31;reute
+b f BC-NYSE-TO-DELIST-WEDTEC   06-02 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>NYSE TO DELIST WEDTECH CORP sTOCK, DEBENTURES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7431" NEWID="17986">
+<DATE> 2-JUN-1987 09:41:32.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0947&#31;reute
+d f BC-CSR-SAYS-IT-IS-PROCEE   06-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSR SAYS IT IS PROCEEDING WITH OFFER FOR MONIER</TITLE>
+<AUTHOR>    By David Skinner, Reuters</AUTHOR>
+<DATELINE>    SYDNEY, June 2 - </DATELINE><BODY>CSR Ltd &lt;CSRA.S> intends to proceed with
+its planned bid for building materials group Monier Ltd
+&lt;MNRA.S> despite the counter-bid from &lt;Equiticorp Tasman Ltd>
+(ETL), CSR executive director Gene Herbert told Reuters.
+    ETL said today it would offer 4.15 dlrs each for Monier's
+issued capital of 156.28 mln shares, plus a share alternative.
+This compares with a 3.80 dlr cash element in CSR's proposed
+bid.
+    The proposed offer by ETL, controlled by New Zealand
+entrepreneur Allan Hawkins, came after it built up a 14.99 pct
+stake in Monier in a 95 mln dlr share raid in recent days.
+
+    Herbert said Britain's Redland Plc &lt;RDLD.L>, which holds
+just under 50 pct of Monier, still supported the CSR bid and
+had told CSR it is not a seller.
+    He said Redland wanted to maintain and build on its
+operations in Australia and the U.S., Where Monier has built up
+a strong presence, notably in roofing tile manufacture.
+    The CSR offer contains a put and call option agreement with
+Redland. This enables Redland to accept the CSR bid within six
+months of its close or to lift its stake to 50.1 pct in the
+same period and to run Monier as a joint venture with CSR.
+    CSR has said that Redland will take up the second option.
+
+    ETL has declined to say why it intervened in Monier, beyond
+describing it as a long term investment.
+    ETL would bring no synergies to Monier, unlike CSR which is
+a leader in building materials, Herbert said.
+    "We fit better with Monier," he said.
+    CSR has said that it will concentrate development on its
+core businesses of sugar and building materials after its moves
+into energy several years ago.
+    Asked what he thought ETL's bid sought to achieve, Herbert
+said: "I'm puzzled as to what Hawkins' strategy is. One has to
+wonder if Monier is the main target."
+
+    Herbert said CSR had no plans to raise its bid, and said a
+higher price would be difficult to justify on fundamentals.
+    Monier was trading at 2.80 dlrs when CSR launched its
+original bid of 3.50, or 16.8 times earnings, in late April.
+    The shares closed at 3.90 dlrs today, down 25 cents on
+yesterday, after ETL withdrew on reaching the top foreign
+shareholding level permitted without Foreign Investment Review
+Board (FIRB) approval. Its bid is subject to FIRB approval.
+    Herbert also said that institutions, which are more likely
+to accept a share alternative than cash, would have to judge
+the respective values of ETL and CSR shares.
+
+    ETL is the third group to become involved in a possible
+acquisition of Monier this year. Redland held discussions on a
+possible takeover before the CSR bid emerged but the
+negotiations foundered on the price.
+    Share analysts said that for this reason, they did not
+think ETL's intervention would flush out a full Redland bid
+although Monier's ultimate fate rests in its hands.
+    "Redland is still in the driving seat," said Tim Cohen of
+&lt;Ord Minnett Ltd>, adding that Redland would be happier having
+CSR as a partner in running Monier than ETL.
+    Monier's independent directors have recommended ETL's bid.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7432" NEWID="17987">
+<DATE> 2-JUN-1987 09:41:46.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0948&#31;reute
+u f BC-WESTPORT-BANCORP-&lt;WBA   06-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTPORT BANCORP &lt;WBAT.O> 100 PCT STOCK DIVIDEND</TITLE>
+<DATELINE>    WESTPORT, Conn., June 2 - </DATELINE><BODY>Westport Bancorp Inc said it
+declared a 100 pct stock dividend and increased the quarterly
+cash dividend.
+    The company said the the stock dividend, to effect a
+two-for-one stock split, is payable July six to holders of
+record June 12.
+    It said the dividend on present shares was increased to 26
+cts, from 25 cts in the prior quarter, payable July one to
+holders of record June 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7433" NEWID="17988">
+<DATE> 2-JUN-1987 09:42:15.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0950&#31;reute
+r f BC-COMP-U-CARD-INTERNATI   06-02 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMP-U-CARD INTERNATIONAL INC &lt;CUCD.O> 1ST QTR</TITLE>
+<DATELINE>    STAMFORD, Conn., June 2 - </DATELINE><BODY>Periods ended April 30
+    Shr 18 cts vs 15 cts
+    Net 3,309,000 vs 2,539,000
+    Revs 45.2 mln vs 26.8 mln
+    Avg shrs 18.7 mln vs 16.8 mln
+    NOTE: 1986 net includes gain of 1,197,000 dlrs, or seven
+cts a share, from tax loss carryforwards
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7434" NEWID="17989">
+<DATE> 2-JUN-1987 09:42:57.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0953&#31;reute
+r f BC-COMP-U-CARD-&lt;CUCD.O>   06-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMP-U-CARD &lt;CUCD.O> PLANS NAME CHANGE</TITLE>
+<DATELINE>    STAMFORD, Conn., June 2 - </DATELINE><BODY>Comp-U-Card International Inc
+said it intends to change its name to CUC International Inc.
+    It said shareholders will be asked to approve the new name
+at the annual meeting on June 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7435" NEWID="17990">
+<DATE> 2-JUN-1987 09:43:04.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0954&#31;reute
+u f BC-slaughter-guesstimate   06-02 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, June 2 - </DATELINE><BODY>Chicago Mercantile Exchange floor traders
+and commission house representatives are guesstimating today's
+hog slaughter at about 265,000 to 275,000 head versus 286,000
+week ago and 278,000 a year ago.
+    Cattle slaughter is guesstimated at about 128,000 to
+132,000 head versus 132,000 week ago and 137,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7436" NEWID="17991">
+<DATE> 2-JUN-1987 09:43:12.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-africa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0955&#31;reute
+r f BC-AFRICAN-BANK-OFFICIAL   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFRICAN BANK OFFICIAL CONFIDENT ON LOAN REPAYMENTS</TITLE>
+<AUTHOR>    By Brian Killen, Reuters</AUTHOR>
+<DATELINE>    ABIDJAN, June 2 - </DATELINE><BODY>The Secretary-General of the African
+Development Bank expressed confidence in the institution's
+ability to handle potential problems with repayment of
+development financing loans.
+    Koffi Dei-Anang told a news conference at the bank's
+headquarters that loan arrears were only 80 mln dlrs at
+present, a small percentage of total ADB lending which exceeded
+one billion dlrs in 1986.
+    Some commercial banks have recently taken extraordinary
+measures to deal with third world lending strategies.
+    "We do have difficulty with repayment of loans on time,"
+Dei-Anang said. But he denied than any ADB loan arrears were
+more than 12 months behind schedule.
+    "We have never had a default. We have never written off a
+loan," he added.
+    Dei-Anang said the Abidjan-based ADB will hold its annual
+general meeting in Cairo from June 9 to June 11 and over 1,000
+delegates were expected to attend.
+    The agenda will include the approval of the bank's annual
+report and accounts, but there will be no debate on the capital
+increase which is currently being voted on by the ADB
+governors.
+    An ADB spokeswoman said the U.S. Had voted for a 200 pct
+increase in the bank's capital, but other votes were still
+coming in.
+    In December, an ad-hoc committee of the ADB's board of
+governors, comprising 18 African and non-African countries,
+agreed that a 200 pct increase was necessary to finance a rise
+in lending between 1987 and 1991.
+    If the recommendations are approved by the board, the
+capital of the bank would rise from around 6.55 billion dlrs to
+19.66 billion dlrs.
+    Dei-Anang said the capital increase would help the bank
+improve its borrowing capacity. "The capital increase is in
+effect a passport to the capital market," he said.
+    "It will enable us to borrow something like 4.5 billion dlrs
+in the next five years," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7437" NEWID="17992">
+<DATE> 2-JUN-1987 09:48:08.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0968&#31;reute
+u f BC-NYSE-TO-SUSPEND-AND-D   06-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE TO SUSPEND AND DELIST WEDTECH &lt;WDT> ISSUES</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>The New York Stock Exchange said it
+would suspend trading in Wedtech Corp's common stock, 13 pct
+convertible subordinated debentures due on June 15, 2004 and 14
+pct senior subordinated notes, due August 15, 1996 before
+the opening of trading on June 16.
+    Following suspension, the exchange said an application will
+be made to the Securities and Exchange Commission to delist the
+issues.
+   
+    The exchange said the action was taken in view of Wedtech's
+unsatisfactory financial condition which it said the company
+disclosed on April 23 and because it believed Wedtech was
+unable to transfer its listing to another securities
+martketplace.
+    The exchange said it may at any time suspend a security if
+it believes that continued dealings in the security on the
+exchange are not advisable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7438" NEWID="17993">
+<DATE> 2-JUN-1987 09:49:45.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0975&#31;reute
+d f BC-MONTROSE-HOLDING-TO-A   06-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTROSE HOLDING TO ACQUIRE VIRGINIA FEDERAL</TITLE>
+<DATELINE>    RICHMOND, Va., June 2 - </DATELINE><BODY>&lt;Virginia Federal Savings and Loan
+Association> said it has signed a definitive agreement to be
+acquired by &lt;Montrose Holding Co>, an affiliate of &lt;Montrose
+Capital Corp> for 20 mln dlrs.
+    Virginia Federal and Montrose Capital said the agreement
+provides for the conversion of Virginia Federal from a mutual
+to a stock association and the purchase of 100 pct of its stock
+for 20 mln dlrs by Montrose.
+    According to the companies, Virginia Federal has over 700
+mln dlrs in assets and operates 16 branches in Virginia.
+    Virginia Federal said the proceeds would enable it to
+provide increased mortgage and lending services and enable the
+company to compete more effectively in the Virginia market.
+    The companies said the agreement is subject to Federal Home
+Loan Bank Board approval, expected later this year.
+    Additionally, the companies said the converted association
+would be managed by a board of directors consisting of the six
+current Virginia Federal directors and two representatives of
+Montrose Holding.
+    The senior management of Virginia Federal was expected to
+continue in office after the conversion, the companies said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7439" NEWID="17994">
+<DATE> 2-JUN-1987 09:52:26.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0983&#31;reute
+r f BC-FINAL-TERMS-SET-ON-TO   06-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINAL TERMS SET ON TOKYO ROPE EQUITY WARRANT BOND</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The coupon on the 50 mln dlr, five year,
+equity warrant eurobond for Tokyo Rope Manufacturing Co Ltd has
+been set at two pct compared with an indicated level of 2-1/8
+pct, lead manager Nikko Securities Co (Europe) Ltd said.
+    The exercise price was set at 508 yen per share,
+representing a premium of 2.63 pct over today's closing price
+of 495 yen.
+    The foreign exchange rate was set at 146.20 yen to the
+dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7440" NEWID="17995">
+<DATE> 2-JUN-1987 09:55:35.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f0991&#31;reute
+d f BC-BELL-CANADA-PLANS-LON   06-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL CANADA PLANS LONG DISTANCE TOLL CUT</TITLE>
+<DATELINE>    OTTAWA, June 2 - </DATELINE><BODY>Bell Canada, a unit of Bell Canada
+Enterprises Inc &lt;BCE>, said it applied for an average eight pct
+cut in Canadian long distance rates.
+    The application to the Canadian Radio-television and
+Telecommunications Commission would also reduce the initial
+period for operated-assisted calls from three minutes to one
+minute and operator- and customer-dialed calls would be charged
+the same.
+    The billing of operator-assisted calls would include a
+conection charge, however. The new rate structure is similar to
+schedules announced by Bell January 1 for calls within Ontario,
+Quebec and parts of the Northwest Territories, it said.        
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7441" NEWID="17996">
+<DATE> 2-JUN-1987 09:59:36.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1006&#31;reute
+f f BC-******U.S.-APRIL-FACT   06-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. APRIL FACTORY ORDERS ROSE 0.2 PCT, EXCLUDING DEFENSE ORDERS FELL 0.2 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7442" NEWID="17997">
+<DATE> 2-JUN-1987 10:00:38.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1009&#31;reute
+f f BC-******/U.S.-NON-FARM   06-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>/U.S. NON-FARM PRODUCTIVITY ROSE REVISED 0.5 PCT IN 1ST QTR INSTEAD OF 1.7 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7443" NEWID="17998">
+<DATE> 2-JUN-1987 10:00:41.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1010&#31;reute
+f f BC-******/U.S.-SALES-OF   06-02 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>/U.S. SALES OF SINGLE-FAMILY HOMES ROSE 7.6 PCT IN APRIL AFTER REVISED 2.7 PCT MARCH DROP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7444" NEWID="17999">
+<DATE> 2-JUN-1987 10:02:46.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1021&#31;reute
+b f BC-/U.S.-NON-FARM-PRODUC   06-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. NON-FARM PRODUCTIVITY ROSE 0.5 PCT IN QTR</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Productivity in the non-farm business
+sector increased at a revised seasonally adjusted annual rate
+of 0.5 pct in the January-March first quarter, the Labor
+Department said.
+    The department previously reported a 1.7 pct increase in
+the quarter and said productivity fell 1.5 pct in the fourth
+quarter of 1986.
+    The department said output rose 4.3 pct and hours of
+employees and all others gained 3.8 pct in the first quarter.
+Hourly compensation was unchanged from the fourth quarter.
+    Hourly compensation after adjusting for inflation fell 5.0
+pct in the nonfarm sector in the first quarter, the largest
+decline since 1951, the Labor Department said.
+    Unit labor costs dropped 0.5 pct for the first quarterly
+decline in a year. Costs rose 4.2 pct in the fourth quarter of
+1986.
+    The implicit price deflator for nonfarm businesses rose 4.2
+pct, the largest increase since 1982, after declining 0.3 pct
+in the fourth quarter.
+    Business productivity including farms rose 0.6 pct in the
+first quarter after a 2.0 pct drop in the fourth quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7445" NEWID="18000">
+<DATE> 2-JUN-1987 10:04:00.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1026&#31;reute
+u f BC-EUROMISSILE-TREATY-DR   06-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. AND SOVIETS DRAFT EUROMISSILE TREATY</TITLE>
+<DATELINE>    GENEVA, June 2 - </DATELINE><BODY>U.S. And Soviet negotiators have completed
+the text of a draft treaty calling for the elimination of
+medium-range missiles in Europe, a Soviet negotiator said.
+    "We must say that as a result of the work done at the
+current round the sides have drafted the first joint draft text
+of the treaty on medium-range missiles," Alexei Obukhov, deputy
+leader of the Soviet negotiating team, told reporters.
+    He said there was still much work to be done and several
+areas of disagreement remained to be resolved.         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-018.sgm b/textClassication/reuters21578/reut2-018.sgm
new file mode 100644
index 0000000..d5556d6
--- /dev/null
+++ b/textClassication/reuters21578/reut2-018.sgm
@@ -0,0 +1,31374 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7446" NEWID="18001">
+<DATE> 2-JUN-1987 10:04:07.81</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1027&#31;reute
+u f BC-BRAZIL'S-SARNEY-DECLA   06-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S SARNEY RENEWS CALL FOR WAR ON INFLATION</TITLE>
+<DATELINE>    BRASILIA, June 2 - </DATELINE><BODY>President Jose Sarney today declared "a
+war without quarter" on inflation and said the government would
+watch every cent of public expenditure.
+    Sarney, addressing his cabinet live on television, also
+reiterated that he intended to remain in power for five years,
+until 1990. There has been a long-running political debate
+about how long his mandate should be.
+    Brazil is currently suffering from the worst inflation of
+its history. In April monthly inflation reached 21 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7447" NEWID="18002">
+<DATE> 2-JUN-1987 10:04:26.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D><D>volcker</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1030&#31;reute
+f f BC-******REAGAN-SAYS-VOL   06-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REAGAN SAYS VOLCKER WILL NOT ACCEPT 3rd TERM AS FED CHAIRMAN, NOMINATES GREENSPAN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7448" NEWID="18003">
+<DATE> 2-JUN-1987 10:05:19.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1034&#31;reute
+b f BC-/U.S.-HOME-SALES-ROSE   06-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOME SALES ROSE 7.6 PCT IN APRIL</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Sales of new, single-family homes rose
+7.6 pct in April from March to a seasonally adjusted annual
+rate of 777,000 units, the Commerce Department said.
+    The department revised March sales to show a 2.7 pct
+decrease from the previous month to 722,000 units instead of
+the previously reported 3.6 pct drop in March.
+    The April increase brought home sales 12.0 pct below the
+April, 1986, level of 883,000 units.
+    The April increase brought home sales to the highest level
+since last April's 883,000 units.
+    The Commerce Department said that before seasonal
+adjustment, the number of homes actually sold in April was
+76,000, up from 71,000 in March but down from 84,000 in April,
+1986.
+    The average price was 118,800 dlrs in April, down from
+121,200 dlrs in March but up from 110,300 dlrs a year ago.
+    The median price was unchanged from March at 99,000 dlrs
+but up from 92,500 dlrs in April, 1986, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7449" NEWID="18004">
+<DATE> 2-JUN-1987 10:06:06.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1036&#31;reute
+b f BC-BRIXTON-ESTATE-LAUNCH   06-02 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRIXTON ESTATE LAUNCHES UNLIMITED STG CP PROGRAM</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Brixton Estate Plc is establishing a
+sterling commercial paper program for an unlimited amount, J.
+Henry Schroder Wagg and Co Ltd said as arranger.
+    Dealers will be Schroder Wagg, S.G. Warburg and Co Ltd and
+County Natwest Capital Markets Ltd.
+    The paper will be issued in denominations of 500,000 and
+one mln stg and will have maturities between seven and 364
+days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7450" NEWID="18005">
+<DATE> 2-JUN-1987 10:06:53.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>volcker</D><D>greenspan</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1037&#31;reute
+b f BC-REAGAN-FED   06-02 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAYS VOLCKER WILL NOT SERVE NEW TERM</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>President Reagan said Paul Volcker has
+declined to serve another term as chairman of the Federal
+Reserve Board, the U.S. central bank. Reagan
+nominated economist Alan Greenspan in his place.
+    Volcker's term expires in August.
+    Reagan, in a brief announcement in the White House briefing
+room, said he accepted Volcker's decision "with great reluctance
+and regret."
+    Volcker, first appointed to the Fed post by President Jimmy
+Carter in 1979, said "there is a time to leave and a time to
+come ... I have no feeling I was being pushed."
+    Volcker, appearing with Reagan, Greenspan, and Treasury
+Secretary James Baker in the briefing room, said he will remain
+on the job until Greenspan's nomination is approved by the
+Senate.
+    In a tribute to a smiling Volcker standing beside him,
+Greenspan told reporters that one of the departing chairman's
+greatest achievements was reducing inflation.
+    "It will be up to those of us who follow him to be certain
+that those very hard won gains will not be lost. Assuring that
+will be one of my primary goals," Greenspan said.
+    Financial markets reacted with dismay at the departure of
+Volcker, who has been widely credited with holding the line on
+inflation and seeking to maintain stability in currency values.
+    Immediately following Reagan's announcement, the U.S.
+dollar weakened sharply against all major currencies and both
+the bond and stock markets declined.
+    But Greenspan told reporters he thought the dollar, which
+has fallen sharply over the past year, has reached its low
+point.
+   
+    "There certainly is evidence in that direction," Greenspan
+said when reporters asked if the dollar has bottomed out.
+    The market reaction was probably exaggerated by surprise
+because the announcement followed a number of published reports
+that the White House had decided to reappoint Volcker.
+    Volcker's tenure at the Fed began under the cloud of major
+inflation under Carter with consumer prices rising more than 10
+per cent annually and the prime interest rate exceeding 20 per
+cent.
+   
+    With Reagan's backing, Volcker pursued a tight money policy
+that cut inflation to about three per cent annually and reduced
+interest rates to their lowest level in nearly a decade.
+    The tight money policies were also blamed for producing
+a deep recession in 1981 and 1982 that caused major political
+problems for Reagan.
+    Reagan reappointed Volcker to the chairmanship in 1983.
+   
+    Greenspan, who heads his own Wall Street consulting firm,
+was chairman of President Ford's Council of Economic Advisers
+from September 1974 until January 1977.
+    Greenspan, a Republican, is considered a traditional
+conservative economist and has been an adviser to several
+presidents.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7451" NEWID="18006">
+<DATE> 2-JUN-1987 10:11:04.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1051&#31;reute
+u f BC-BELGIAN-PUBLIC-SPENDI   06-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN PUBLIC SPENDING DEFICIT FALLS IN MAY</TITLE>
+<DATELINE>    BRUSSELS, June 2 - </DATELINE><BODY>Belgium's public expenditure deficit
+fell sharply to 59.5 billion francs in May from 96.7 billion in
+the same month last year, the first major sign of the effects
+of the government's public spending curbs, the Budget Ministry
+said.
+    During the first five months of this year, the net
+government financing requirement was down by 44.1 billion
+francs from year ago levels at 345.8 billion francs, it said in
+a statement.
+    The government is aiming to cut this year's financing
+requirement to below 420 billion francs this year from around
+560 billion in 1986.
+    The Ministry said it was expected that more than half the
+projected cut should have been achieved by the end of July.
+    Ministry sources noted that for technical reasons, the
+financing requirement is always highest in the early months of
+the year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7452" NEWID="18007">
+<DATE> 2-JUN-1987 10:11:37.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1055&#31;reute
+u f BC-CHRISTIANIA-RAISES-AM   06-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRISTIANIA RAISES AMOUNT OF GOLD LINKED BOND</TITLE>
+<DATELINE>    ZURICH, June 2 - </DATELINE><BODY>Norway's Christiania Bank &lt;CHBO.OL> is
+increasing the size of its 2-1/2 pct seven year bond issue with
+gold call and put warrants to 75 mln Swiss francs from 50 mln,
+lead manager Bank Gutzwiller, Kurz, Bungener Ltd said.
+    The issue is priced at par.
+    Each 5,000 franc bond carries three 18 month call warrants
+with a strike price of 490 dlrs and four three year put
+warrants with a strike price of 420 dlrs.
+    Subscriptions close on June 22 and payment date is July 8.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7453" NEWID="18008">
+<DATE> 2-JUN-1987 10:13:22.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1060&#31;reute
+b f BC-/U.S.-FACTORY-ORDERS   06-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FACTORY ORDERS ROSE 0.2 PCT IN APRIL</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>New orders for manufactured goods rose
+401 mln dlrs, or 0.2 pct, in April to a seasonally adjusted
+199.8 billion dlrs, the Commerce Department said.
+    The slight April gain followed a revised orders increase in
+March of 2.6 pct. The department originally reported a March
+increase of 2.3 pct. Excluding defense, factory orders fell 0.2
+pct in April after rising 1.1 pct in March.
+    Orders for durable goods were virtually unchanged in April,
+up only 13 mln dlrs to 106.2 billion dlrs. The department had
+estimated on May 22 that April durable goods orders rose 0.1
+pct.
+    The department said defense capital goods orders were up
+808 mln dlrs, or 8.1 pct, in April to 10.8 billion dlrs.
+Defense orders had risen 43.2 pct in March.
+    New orders for non-durable goods were up 388 mln dlrs, or
+0.4 pct, in April to 93.6 billion dlrs.
+    These figures compared with a March increase of 4.2 pct in
+durables orders and a 0.8 pct rise in non-durables orders.
+    Orders for non-defense capital goods were up 0.8 pct in
+April after rising 2.0 pct in March.
+    Within major industry categories orders for transportation
+equipment fell 7.6 pct in April after rising 10.8 pct in March.
+    Primary metals gained 5.4 pct in April after a 6.8 pct
+March orders increase.
+    Orders for non-electrical machinery were down 0.9 pct in
+April after rising 2.3 pct in March. Electrical machinery
+orders rose during April by 19.3 pct after falling in March by
+3.4 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7454" NEWID="18009">
+<DATE> 2-JUN-1987 10:13:44.37</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1062&#31;reute
+r f BC-PAKISTAN-SAYS-GOOD-EC   06-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN SAYS GOOD ECONOMIC GROWTH CONTINUES</TITLE>
+<DATELINE>    ISLAMABAD, June 2 - </DATELINE><BODY>Pakistan says its economy has continued
+its recent outstanding performance during the financial year
+1986/87 ending on June 30 but areas like balance of payments,
+investments and energy were causing concern.
+    GDP grew in line with the average growth rate since 1980
+and the inflation rate was the lowest since 1969/70, according
+to a government economic survey.
+     The reform of economic regulation had gathered momentum
+and there was an impressive performance in a five point
+government program for rural uplift, education and poverty
+alleviation, said the survey.
+    Ministry Economic Adviser Qazi Alimullah told a news
+conference that before recent unseasonal rains and hailstorms
+damaged the wheat crop, GDP growth was calculated at 7.04 pct
+compared to 7.25 pct in 1985/86.He said the figure might now
+slide down a little to around 6.8 or 6.9 pct.
+    The survey said monetary expansion was estimated to be nine
+pct to date but might rise to around 12 pct by the year-end.
+    Alimullah said exports rose 18 pct to 3.5 billion dlrs from
+2.9 billion dlrs in 1985/86. But the at the same time, home
+remittances by Pakistanis abroad dropped to 2.3 billion dlrs
+from the 1985/86 level of 2.595 billion.
+    More exports and an improvement in the balance of payments
+situation will be required to overcome this declining trend in
+home remittances, he said.
+    The survey said the trade deficit was expected to fall to
+2.4 billion dlrs from three billion dlrs in 1985/86 because of
+the boost in exports.
+    He said national investment continued to be small because
+of a poor rate of savings, about 14 pct of GDP. He said more
+savings were required to maintain or possibly step up the
+present growth rate and to finance the country's seventh
+five-year development plan to be launched in July 1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7455" NEWID="18010">
+<DATE> 2-JUN-1987 10:18:10.62</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1077&#31;reute
+f f BC-******GREENSPAN-SAYS   06-02 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GREENSPAN SAYS THERE IS EVIDENCE DOLLAR HAS BOTTOMED OUT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7456" NEWID="18011">
+<DATE> 2-JUN-1987 10:20:19.41</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1084&#31;reute
+f f BC-BANK-OF-FRANCE-LEAVES   06-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF FRANCE LEAVES INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7457" NEWID="18012">
+<DATE> 2-JUN-1987 10:21:40.24</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1090&#31;reute
+u f BC-/GREENSPAN-SEES-EVIDE   06-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREENSPAN SEES EVIDENCE DOLLAR FALL OVER</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Newly-nominated Federal Reserve Board
+chairman Alan Greenspan said there was evidence the dollar
+finally had bottomed out.
+    In a White House briefing Greenspan was asked by reporters
+if he thought the dollar had bottomed out.
+    "There certainly is evidence in that direction," he replied.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7458" NEWID="18013">
+<DATE> 2-JUN-1987 10:22:29.78</DATE>
+<TOPICS><D>gold</D><D>silver</D><D>platinum</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1091&#31;reute
+f f BC-******U.S.-GOLD,-SILV   06-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. GOLD, SILVER, PLATINUM SOAR ON VOLCKER REJECTION OF 3RD TERM
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7459" NEWID="18014">
+<DATE> 2-JUN-1987 10:25:00.56</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1106&#31;reute
+b f BC-ICCO-BUYS-5,000-TONNE   06-02 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICCO BUYS 5,000 TONNES COCOA FOR BUFFER STOCK</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The International Cocoa Organization
+(ICCO) buffer stock manager bought 5,000 tonnes of cocoa today
+for the buffer stock, traders said.
+    The cocoa is believed to have been entirely made up of
+second hand material, they added.
+    Such a purchase would bring cumulative buffer stock
+purchases to 26,000 tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7460" NEWID="18015">
+<DATE> 2-JUN-1987 10:27:58.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1123&#31;reute
+u f BC-YANKEE-COS-&lt;YNK>-SEEK   06-02 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YANKEE COS &lt;YNK> SEEKS DEBT RESTRUCTURING</TITLE>
+<DATELINE>    COHASSET, Mass., June 2 - </DATELINE><BODY>Yankee Cos Inc said it will be 
+working with the holders of substantially all of its 12-5/8 pct
+senior secured notres due 1996 to develop and overall debt and
+asset restructuring program, and as a first step, the
+noteholder has agreed to the deferral of the June One interest
+payment on the notes until June 30.
+    Yankee said interest was paid to other noteholders
+yesterday.
+    The company said it plans to meet and work with all
+interest parties, including the holders of its three debt
+issues and federal banking authorities, over the next several
+weeks to formulate and implement a restructuring plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7461" NEWID="18016">
+<DATE> 2-JUN-1987 10:29:27.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1132&#31;reute
+u f BC-Q-MED-&lt;QEKG.O>-SEES-S   06-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>Q-MED &lt;QEKG.O> SEES SHARPLY HIGHER REVENUES</TITLE>
+<DATELINE>    CLARK, N.J., June 2 - </DATELINE><BODY>Q-Med Inc said preliminary results
+show its second quarter, ended May 31, revenues exceeded 4.2
+mln dlrs. A year earlier revenues were nearly 1.4 mln dlrs.
+    The company also said it had appointed Coopers and Lybrand
+as its auditors. Chairman Michael Cox declined any comment on
+this appointment.
+    The company said its preliminary second quarter revenues
+are consistent with management's expectations and represent a
+greater than 40 pct increase in sales over those reported for
+the first quarter. Earnings should show a similar growth
+pattern, the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7462" NEWID="18017">
+<DATE> 2-JUN-1987 10:29:31.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1133&#31;reute
+u f BC-ACME-PRECISION-&lt;ACL>   06-02 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACME PRECISION &lt;ACL> BUYOUT BID DROPPED</TITLE>
+<DATELINE>    DETROIT, June 2 - </DATELINE><BODY>Acme Precision Products Inc said a
+management group has withdrawn a six dlr per share leveraged
+buyout offer.
+    Acme said the management group dropped its bid due to
+continued weakness in the machine tool industry and in Acme
+Precision's operating results and to the inability of the
+management group to obtain modifications to terms of its
+financing commitment.
+    It said, "The effect of these factors led the management
+group to conclude that the six dlr per share price was
+excessive under current conditions."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7463" NEWID="18018">
+<DATE> 2-JUN-1987 10:29:53.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1136&#31;reute
+r f BC-DOMINION-&lt;D>-UNIT-SEL   06-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOMINION &lt;D> UNIT SELLS 30-YEAR BONDS</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Virginia Electric and Power Co, a unit
+of Dominion Resources Inc, is raising 100 mln dlrs via an
+offering of first and refunding mortgage bonds due 2017
+yielding 9.89 pct, said sole manager E.F. Hutton and Co Inc.
+    Hutton led a group that won the bonds in competitive
+bidding. It bid them at 99.376, representing a net interest
+charge to the company of 9.94 pct.
+    The underwriter set a 9-7/8 pct coupon and reoffering price
+of 99.85 to yield 123 basis points more than comparable
+Treasury securities. Non-refundable for five years, the bonds
+are rated A-1 by Moody's and A-plus by Standard and Poor's.
+    The gross spread is four dlrs and the reallowance is 2.50
+dlrs, bookrunner Hutton said of the Virginia Electric deal.
+    Virginia Electric last visited the domestic debt market in
+October 1986 when it sold 100 mln dlrs of same-rated,
+same-maturity 9-1/4 pct bonds. That issue was priced to yield
+9.27 pct, or 141 basis points over Treasuries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7464" NEWID="18019">
+<DATE> 2-JUN-1987 10:30:02.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1137&#31;reute
+r f BC-GENERAL-SIGNAL-&lt;GSX>   06-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL SIGNAL &lt;GSX> LOW BIDDER ON RADIO JOB</TITLE>
+<DATELINE>    STAMFORD, Conn., June 2 - </DATELINE><BODY>General Signal Corp said its
+General Railway Signal Co unit is the apparent low bidder at
+32.5 mln dlrs on a transit radio system contract for the
+Southern California Rapid Transit District in Los Angeles.
+    The company also said its General Farebox Inc subsidiary
+received a 3.1 mln dlr farebox system contract from the Greater
+Cleveland Regional Transit Authority.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7465" NEWID="18020">
+<DATE> 2-JUN-1987 10:30:24.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1141&#31;reute
+r f BC-WILLIAMS-&lt;WMB>-REINCO   06-02 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIAMS &lt;WMB> REINCORPORATES IN DELAWARE</TITLE>
+<DATELINE>    TULSA, June 2- </DATELINE><BODY>Williams Cos said it has been reincorporated
+in Delaware as Williams Cos Inc following approval by
+shareholders at the annual meeting last month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7466" NEWID="18021">
+<DATE> 2-JUN-1987 10:30:58.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1142&#31;reute
+r f BC-NOBLE-AFFILIATES-&lt;NBL   06-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOBLE AFFILIATES &lt;NBL> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Noble Affiliates Inc is raising 100 mln
+dlrs via an offering of convertible subordinated debentures due
+2012 with a 7-1/4 pct coupon and par pricing, said lead
+underwriter Morgan Stanley and Co Inc.
+    The debentures can be converted into the company's common
+stock at 19.625 dlrs per share, representing a premium of 25.6
+pct over the stock price when terms on the debt were set.
+    Non-callable for three years, the issue is rated Baa-3 by
+Moody's and BBB-plus by Standard and Poor's. Noble Affiliates
+is also offering 125 mln dlrs of 10-1/8 pct notes due 1997
+through a group led by Morgan Stanley.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7467" NEWID="18022">
+<DATE> 2-JUN-1987 10:31:26.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1146&#31;reute
+r f BC-MERIDIAN-INSURANCE-&lt;M   06-02 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERIDIAN INSURANCE &lt;MIGI.O> IN NASDAQ EXPANSION</TITLE>
+<DATELINE>    INDIANAPOLIS, June 2 - </DATELINE><BODY>Meridian Insurance Group Inc said
+its common stock has been included in the NASDAQ National
+Market System, effective today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7468" NEWID="18023">
+<DATE> 2-JUN-1987 10:33:30.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1161&#31;reute
+b f BC-CANON-SALES-ISSUES-10   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANON SALES ISSUES 100 MLN DLR WARRANT BOND</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Canon Sales Co Inc is issuing a 100 mln
+dlr equity warrant bond due June 30, 1992 with an indicated
+coupon of 1-5/8 pct and par pricing, lead manager Yamaichi
+International (Europe) Ltd said.
+    The issue is guaranteed by Fuji Bank Ltd and final terms
+will be set on June 9. The selling concession is 1-1/2 pct
+while management and underwriting combined pays 3/4 pct. The
+deal is available in denominations of 5,000 dlrs and will be
+listed in Luxembourg.
+    The warrants are exercisable from July 15, until June 23,
+1992. The payment date is June 30.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7469" NEWID="18024">
+<DATE> 2-JUN-1987 10:35:06.58</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f1173&#31;reute
+d f BC-ITALIAN-BARLEY-CROP-R   06-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN BARLEY CROP REPORTED IN GOOD CONDITION</TITLE>
+<DATELINE>    ROME, June 2 - </DATELINE><BODY>Italy's barley crop is generally in good
+condition and harvesting is expected to begin shortly, the
+agricultural marketing information and research board Irvam
+said.
+    First consignments were expected to be available around
+mid-June.
+    Excellent weather, characterised by alternating periods of
+sunshine and rain, has encouraged growth except in Sardinia,
+which was expected to lose a large part of its barley crop
+because of extreme dryness.
+    Irvam said yields are expected higher than last year's low
+levels if favourable weather continues in the next few weeks.
+    Given an average yield of 3.5 tonnes per hectare, national
+production would be around two pct higher than in the previous
+season at just above 1.6 mln tonnes, it said.
+    If yields reach the record 3.78 tonnes per hectare achieved
+in 1984, production would be around 1.75 mln tonnes, an
+increase of 11 pct compared to 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7470" NEWID="18025">
+<DATE> 2-JUN-1987 10:35:41.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1176&#31;reute
+b f BC-ASIAN-DEVELOPMENT-BAN   06-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIAN DEVELOPMENT BANK ISSUES 50 MLN STG EUROBOND</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The Asian Development Bank is issuing a 50
+mln stg eurobond due July 1, 1997 paying 9-1/2 pct and priced
+at 101-7/8 pct, lead manager County Natwest Capital Markets Ltd
+said.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 stg and will be listed in Luxembourg.
+    The selling concession is 1-3/8 pct while management and
+underwriting combined pays 5/8 pct.
+    Payment date is July 1.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7471" NEWID="18026">
+<DATE> 2-JUN-1987 10:38:09.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1191&#31;reute
+r f BC-DATA-GENERAL-&lt;DGN>-OF   06-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA GENERAL &lt;DGN> OFFERS NEW NETWORK PRODUCTS</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Data General Corp said it introduced
+several new hardware and software products that link
+International Business Machines Corp &lt;IBM> and IBM-compatible
+personal computers into mainframe and minicomputer systems.
+    Data General said the products include three local area
+networks that conform to industry standards. It said it is now
+offering a Starlan network, which was originally introduced by
+American telephone and Telegraph Co &lt;t>, a thin Ethernet and a
+PC interface for the standard Ethernet.
+   
+    In addition, Data General said it will offer several
+software packages for PC networks, including MS Net, a product
+developed by Microsoft Corp &lt;MSFT.O> that allows PCs to share
+printers, data files and other peripherals.
+    The company said it also introduced a PC version of its
+popular CEO office automation software.
+    Data General said the new products allow computer users to
+divide work among a collection of PCs and larger computers.
+   
+    "Data General is the first vendor to offer three different
+local area networks for personal computer integration," said
+Colin Crook, senior vice president of the company's
+communications systems group.
+    "We're really giving users freedom of choice with industry
+standard products," added J. David Lyons, vice president of
+group marketing.
+    In addition to the new products, which were expected, Data
+General announced a joint product development agreement with
+&lt;Gold Hill Computers>, a Cambridge, Mass.,-based artificial
+intelligence software company.
+   
+    The company also announced the formation of a new network
+services group that will help customers plan and design
+computer networks.
+    The group will also provide service and maintenance for
+Data General and other vendors' equipment, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7472" NEWID="18027">
+<DATE> 2-JUN-1987 10:38:33.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1194&#31;reute
+r f BC-PERPETUAL-SAVINGS-&lt;PA   06-02 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERPETUAL SAVINGS &lt;PASB.O> SETS HOLDING COMPANY</TITLE>
+<DATELINE>    ALEXANDRIA, Va., June 2 - </DATELINE><BODY>Perpetual Savings Bank said its
+board has approved formation of a holding company to be
+incorporated in Virginia, subject to Federal Home Loan Bank
+Board and shareholder approval.
+    It said its common and prefered shares would be exchanged
+on a one-for-one basis for shares of the holding company,
+Perpetual Financial corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7473" NEWID="18028">
+<DATE> 2-JUN-1987 10:39:23.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1200&#31;reute
+u f BC-PEP-BOYS---MANNY,-MOE   06-02 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEP BOYS - MANNY, MOE AND JACK INC &lt;PBY> 1ST QTR</TITLE>
+<DATELINE>    PHILADELPHIA, June 2 - </DATELINE><BODY>May Two net
+    Shr 11 cts vs eight cts
+    Net 5,895,000 vs 3,896,000
+    Sales 127.3 mln vs 110.5 mln
+    NOTE: Share adjusted for three-for-one stock split payable
+July 27 to holders of record July One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7474" NEWID="18029">
+<DATE> 2-JUN-1987 10:40:26.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1202&#31;reute
+r f BC-elders-says-bid-made   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDERS HAPPY TO LEAVE CARLING SHARES OUTSTANDING</TITLE>
+<DATELINE>    TORONTO, June 2 - </DATELINE><BODY>Elders IXL Ltd &lt;ELXA.S> says it is happy
+to leave preferences shares of brewer Carling O'Keefe Ltd
+outstanding after an undisclosed bidder made an offer to
+acquire all of Carling's outstanding preferred stock.
+    Elders, which owns 100 pct of Carling's outstanding common
+shares, previously proposed to redeem the 433,745 Carling
+series A preferred shares at 33.50 Canadian dlrs each and
+redeem the 386,662 series B preferreds at 40 dlrs a share.
+    The series A and B preferred shares carry no vote while
+dividends are paid.
+   
+    Elders says neither it nor Carling knows the identity of
+the bidder for Carling's preferred shares.
+    On May 29, the bidder offered to acquire the Carling
+preferred for 36 dlrs for each series A and 40.50 dlrs for each
+series B share.
+    Elders said leaving the Carling preferred shares
+outstanding will not affect ongoing plans of the company.
+    Series B preferred shareholders had previously rejected
+Carling's proposal to redeem the shares and a series A
+preferred shareholders meeting was adjourned to June 12.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7475" NEWID="18030">
+<DATE> 2-JUN-1987 10:40:39.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1203&#31;reute
+r f BC-EC-FARM-MINISTERS-DIS   06-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FARM MINISTERS DISAGREE ON DIRECT INCOME AIDS</TITLE>
+<DATELINE>    GENVAL, Belgium, June 2 - </DATELINE><BODY>Plans to provide direct income
+aids for European Community (EC) small farmers to help them
+face deep cuts in guaranteed crop prices received a mixed
+reception from EC agriculture ministers, EC officials said.
+    The plans were discussed at an informal meeting of the
+ministers hosted in the village of Genval by the Council of
+Ministers' current chairman, Belgium's Paul de Keersmaeker.
+    The EC Executive Commission has proposed that the richer
+member states be allowed to make direct payments to their
+farmers in special difficulties, while the EC itself would
+finance a similar scheme in the poorer EC countries.
+    However, EC officials said only the Netherlands and
+Luxembourg supported this idea at today's meeting, and France,
+Denmark and Belgium showed marked hostility to it.
+    French minister Francois Guillaume told reporters, "Farmers
+should not become recipients of public assistance -- their
+survival should be assured by price mechanisms and the market."
+    The officials said the ministers had not sought to resolve
+their more urgent differences over guaranteed farm prices for
+1987/88 at this meeting.
+    The ministers will resume talks on the price fixing issue
+in Luxembourg on June 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7476" NEWID="18031">
+<DATE> 2-JUN-1987 10:44:13.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1226&#31;reute
+d f BC-ONE-OF-TWO-SARA-LEE-&lt;   06-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONE OF TWO SARA LEE &lt;SLE> STRIKES SETTLED</TITLE>
+<DATELINE>    DEERFIELD, ILL., June 2 - </DATELINE><BODY>Sara Lee Corp said 500 workers at
+its Kitchens of Sara Lee bakery operation in Deerfield, Ill.,
+have returned to work this week after ratifying a contract.
+    A company spokesman said members of Local Two of the
+Bakery, Confectionery and Tobacco Workers, who had walked out
+May 10, reached "mutually agreeable terms" in a new two-year
+contract.
+    Meanwhile, about 100 Teamster drivers and warehouse
+employees, whose contract expired May 16, remained out, the
+company said. No new talks were scheduled, Sara Lee said.
+    Details of the new contract were not immediately available,
+but a company spokesman said it "maintained benefits and called
+for no sacrifices from current employees."
+    Union sources reported that the contract freezes wages and
+introduces a sharply lower starting rate for new hires. They
+said it also gives Sara Lee concessions on a workplace issue
+involving excused absences.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7477" NEWID="18032">
+<DATE> 2-JUN-1987 10:44:26.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1228&#31;reute
+d f BC-CRAY-&lt;CYR>-GETS-3.6-M   06-02 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAY &lt;CYR> GETS 3.6 MLN DLR COMPUTER ORDER</TITLE>
+<DATELINE>    MINNEAPOLIS, June 2 - </DATELINE><BODY>Cray Research Inc said Aerospatiale,
+a French aerospace company, ordered a Cray X-MP/14se computer
+system valued at about 3.6 mln dlrs.
+    It said the leased system will be installed in the fourth
+quarter, pending export license approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7478" NEWID="18033">
+<DATE> 2-JUN-1987 10:48:49.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1246&#31;reute
+u f BC-PORTUGAL-CONTRACTS-FO   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGAL CONTRACTS FOR 150 MLN ECU LOAN</TITLE>
+<DATELINE>    LISBON, June 2 - </DATELINE><BODY>Portugal has contracted a six-year, 150
+mln ECU loan from a group of foreign banks led by Daiwa Europe
+Ltd to finance investment projects, the finance ministry said.
+    Interest of 7.75 pct is to be paid in annual instalments
+starting in 1988, ministry spokesman Luis Vilhena de Cunha
+said.
+    The loan will first be in the form of a temporary global
+note and be replaced later by subscriptions of 1,000 and 10,000
+ECUs. The issue price was set at 101.75 pct.
+    Banque Generale du Luxembourg SA will act as listing agent
+and fiscal agent, the spokesman added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7479" NEWID="18034">
+<DATE> 2-JUN-1987 10:50:08.18</DATE>
+<TOPICS><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L
+&#22;&#22;&#1;f1251&#31;reute
+b f BC-CHICKEN-NOT-MAIN-SALM   06-02 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICKEN NOT MAIN SALMONELLA CAUSE, OFFICIAL SAYS</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>A representative of the poultry
+industry said statistics showed that chicken is less frequently
+the cause of salmonella poisoning than beef, dairy products or
+salads and other mixed foods.
+    Kenneth May, President of Holly Farms Poultry Industries
+and a director of the National Broiler Council, told a House
+Agriculture subcommittee the incidence of salmonella in chicken
+has not increased in recent years and that chicken is neither
+the major source of the bacterial poisoning nor the cause of an
+increase in outbreaks of the disease.
+    May said the Center for Disease Control figures showed that
+between 1978 and 1982, chicken was involved in four pct of all
+U.S. salmonellosis outbreaks, while beef accounted for ten pct
+of outbreaks and dairy products six pct.
+    May said the remaining outbreaks were caused by salads and
+mixed food, turkey, seafood, pork, eggs and other foods.
+    May said the chicken industry favored moving away from
+bird-by-bird inspection procedures to a risk assessment system
+better able to identify microbial and bacterial contamination
+of poultry.
+    However, Ellen Haas, executive director of Public Voice for
+Food and Health Policy, said bird-by-bird inspection should be
+retained and labels should be attached to each ready-to-cook
+chicken to remind consumers about preparation procedures
+necessary to avoid illness.
+    Haas also called for a review of present chicken industry
+inspection methods that she said can worsen poultry hazards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7480" NEWID="18035">
+<DATE> 2-JUN-1987 10:51:10.96</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1254&#31;reute
+u f BC-/U.S.-HOUSE-PANEL-VOT   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PANEL VOTES TO SPEED UP CORN PAYMENTS</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The House Agriculture Committee voted
+to make approximately 2.8 billion dlrs of feedgrains deficiency
+payments immediately instead of in the late fall.
+    A similar measure was decisively defeated on the Senate
+floor last week.
+    The bill, which passed by a voice vote, would allow
+so-called Findley payments to be made immediately rather than
+late this year. Payments for 1987-90 feedgrains crops would not
+be changed.
+    Because the bill would move 2.8 billion dlrs of spending
+into fiscal 1987 from fiscal 1988, the measure is expected to
+meet stiff resistance in the full House.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7481" NEWID="18036">
+<DATE> 2-JUN-1987 10:51:16.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1255&#31;reute
+u f BC-JONES-AND-VINING-&lt;JNS   06-02 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JONES AND VINING &lt;JNSV.O> STARTS BID FOR SHARES</TITLE>
+<DATELINE>    BRAINTREE, Mass., June 2 - </DATELINE><BODY>Jones and Vining Inc said it has
+started a tender offer for all of its own shares at five dlrs
+per share. 
+    The company said it will hold a special meeting on July 10
+for a vote on approval of a merger at the tender price.
+    It said the price to be paid in the tender and merger could
+be reduced by any fees and expenses the court may award to
+counsel for the plaintiffs in the class action suit brought
+against it in Delaware Chancery Court by Ronda Inc. The
+plaintfiffs' counsel are seeking fees of up to 10 cts per
+share, Jones and Vining said.
+    The company said the court has scheduled a hearing on the
+proposed settlement of the suit for July Eight.
+    The company said the start of the tender offer and the
+calling of the special meeting are conditions of the
+settlement, and completion of the tender and merger are
+conditioned on final approval of the settlement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7482" NEWID="18037">
+<DATE> 2-JUN-1987 10:51:48.40</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1258&#31;reute
+d f BC-HEALTHSOUTH-&lt;HSRC.O>   06-02 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHSOUTH &lt;HSRC.O> MAKES ACQUISITION</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., June 2 - </DATELINE><BODY>HEALTHSOUTH Rehabilitation Corp
+said it has acquired Pine Island Sports Medicine Center in Fort
+Lauderdale, Fla., and will incorporate the facility into its
+HEALTHSOUTH Rehabilitation Center of Fort Lauderdale, which is
+now under construction and should be in operation by
+mid-summer.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7483" NEWID="18038">
+<DATE> 2-JUN-1987 10:51:55.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1259&#31;reute
+d f BC-BANC-ONE-&lt;ONE>-MAKES   06-02 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANC ONE &lt;ONE> MAKES INDIANA ACQUISITION</TITLE>
+<DATELINE>    COLUMBUS, Ohio, June 2 - </DATELINE><BODY>Banc One Corp said it has
+completed the acquisition of First National Bank of
+Bloomington, Ind, which has assets of 271 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7484" NEWID="18039">
+<DATE> 2-JUN-1987 10:53:42.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1265&#31;reute
+r f BC-PENTLAND-INDUSTRIES-P   06-02 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTLAND INDUSTRIES PLC HOLDERS APPROVE SPLIT</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Pentland Industries PLC said
+shareholders at the annual meeting approved an increase in
+authorized share capital to 36 mln stg to 12 mln stg by
+creation of another 240 mln ordinary shares, allowing for a
+three-for-one stock split.
+    It said dealings in the new shares are expected to start on
+June 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7485" NEWID="18040">
+<DATE> 2-JUN-1987 10:54:40.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1270&#31;reute
+d f BC-ORION-BROADCAST-&lt;OBGI   06-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORION BROADCAST &lt;OBGI.O> BUYS FORD &lt;F> UNIT</TITLE>
+<DATELINE>    DENVER, June 2 - </DATELINE><BODY>Orion Broadcast Group Inc said its
+majority-owned Orion Financial Services Corp subsidiary has
+agreed to purchase FN Realty Services Inc from Ford Motor Co
+for 1,200,000 to 1,500,000 dlrs in cash and notes.
+    It said closing is expected within 45 days after receipt of
+regulatory approvals.
+    FN provides loan collection, accounting, data processing
+and administrative services to the real estate industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7486" NEWID="18041">
+<DATE> 2-JUN-1987 10:54:52.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1271&#31;reute
+r f BC-EC-BUDGET-MINISTERS-S   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC BUDGET MINISTERS SET TO REFUSE PLEA FOR CASH</TITLE>
+<DATELINE>    LUXEMBOURG, June 2 - </DATELINE><BODY>A plea for extra cash to bail the
+European Community (EC) out of its latest financial crisis was
+likely to be rejected at a meeting today of EC budget
+ministers, diplomats said.
+    The ministers were meeting for the first time since the EC
+Executive Commission unveiled an emergency budget for 1987
+aimed at plugging a deficit caused by soaring farm spending and
+falling revenues.
+    The emergency package includes a demand for member states
+to pay an extra 1.5 billion European currency units (Ecus) to
+help meet the deficit.
+    Officials said Britain and West Germany were expected to
+lead opposition to contributing any extra cash, with the U.K
+insisting instead on a clampdown on runaway farm spending.
+    The Commission says there will be a shortfall of at least
+five billion Ecus this year, more than 1/8 of total spending.
+    It hopes to make up much of the shortfall in a one-time
+accounting exercise by paying member states in arrears rather
+than in advance for their spending on Community farm policies.
+    But if member states do not make up the rest of the gap,
+the Commission has warned that spending on regional and social
+projects could be slashed by half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7487" NEWID="18042">
+<DATE> 2-JUN-1987 10:55:50.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1273&#31;reute
+h f BC-ORBIT-&lt;ORBT.O>-UNIT-I   06-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORBIT &lt;ORBT.O> UNIT INCREASES BACKLOG</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., June 2 - </DATELINE><BODY>Orbit Instrument Corp said its
+unit, Orbit Semiconductor Inc, has received orders totalling
+about 2.5 mln dlrs which puts its backlog at a record level of
+about 4.7 mln dlrs.
+    Additionally, the company said it will now offer two Micron
+CMOS processes that can withstand Megarad total dose radiation.
+    Applications for the processes include products
+manufactured for military, medical and power industry market,
+the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7488" NEWID="18043">
+<DATE> 2-JUN-1987 10:57:14.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f1281&#31;reute
+u f BC-SOUTH-AFRICA-NAMES-1,   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICA SAYS 1,500 STILL DETAINEES</TITLE>
+<DATELINE>    CAPE TOWN, June 2 - </DATELINE><BODY>South Africa said the number of people
+it was detaining without trial has dropped to 1,500, far fewer
+than previous official figures during the past year of
+emergency rule.
+    A government spokesman said the latest set of names,
+presented to parliament, included all current detainees who had
+been held for over a month. Previous lists have named up to
+8,500 people.
+    The official figure was supported by civil rights groups
+who said many detainees had been freed in recent weeks,
+possibly to empty cells for a new government crackdown.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7489" NEWID="18044">
+<DATE> 2-JUN-1987 11:02:51.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1297&#31;reute
+d f BC-JAPANESE-FARMERS-MARC   06-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE FARMERS PROTEST OPENING MARKETS</TITLE>
+<DATELINE>    TOKYO, June 2 - </DATELINE><BODY>Thousands of farmers gathered in central
+Tokyo to urge the government to stand firm against foreign
+pressure for further opening up of Japan's markets to foreign
+agricultural products, union officials said.
+    Officials of the Central Union of Agricultural Cooperatives
+said about 5,000 representatives from 4,200 farming groups
+joined the demonstration.
+    The organisers said the farmers demanded that the
+government should avoid easy compromises on liberalising
+agricultural imports at next week's economic summit in Venice.
+    The United States and the European Community want Japan to
+remove tariffs and quotas to help cut their trade deficits with
+Japan.
+    Under a banner reading "The government and parliament must
+not sacrifice farmers," the demonstrators adopted a declaration
+saying they would fight any unreasonable moves to open Japanese
+markets to foreign agricultural products.
+    An agriculture ministry official said Japan and the United
+States were expected to hold talks on Japanese import ceilings
+for U.S. Beef and citrus fruit in September.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7490" NEWID="18045">
+<DATE> 2-JUN-1987 11:04:44.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T F
+&#22;&#22;&#1;f1303&#31;reute
+b f BC-LONDON-GOLD-1500-FIX   06-02 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LONDON GOLD 1500 FIX - JUNE 2 - 455.00 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7491" NEWID="18046">
+<DATE> 2-JUN-1987 11:07:06.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE><D>de-clercq</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1316&#31;reute
+d f BC-FRESH-DEBATE-ON-NORWA   06-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRESH DEBATE ON NORWAY'S EC MEMBERSHIP WELCOMED</TITLE>
+<DATELINE>     OSLO, June 2 - </DATELINE><BODY>European Community officials welcomed
+Norway's recent move to renew a public debate on Community
+membership but said Norway should not expect special trade
+advantages as long as it stays outside the EC.
+    Belgian Willy de Clercq, EC Commissioner on external
+affairs and trade policy, said high level talks this week with
+Norway's minority Labour government had helped clarify several
+misconceptions that led to Norway's narrow rejection of EC
+membership in a 1972 referendum.
+    "But you (Norway) cannot be in the club and remain outside
+the club. You can expect equal footing in the club, but not out
+of it," de Clercq added, referring to Norway's attempts to adapt
+its EC trade ties in the face of Community moves to launch an
+internal trade market from 1992.
+    The government, worried that the internal market will
+hamper trade with the EC, which takes about two-thirds of
+Norway's exports, last month sent a report to parliament asking
+political parties and the public to reassess the country's
+relationship to the EC.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7492" NEWID="18047">
+<DATE> 2-JUN-1987 11:08:09.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1321&#31;reute
+f f BC-******GULF-AND-WESTER   06-02 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GULF AND WESTERN INC 2ND QTR SHR 86 CTS VS 73 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7493" NEWID="18048">
+<DATE> 2-JUN-1987 11:08:48.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1325&#31;reute
+u f BC-PHH-GROUP-INC-&lt;PHH>-4   06-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHH GROUP INC &lt;PHH> 4TH QTR APRIL 30 NET</TITLE>
+<DATELINE>    HUNT VALLEY, Md., June 2 -
+    </DATELINE><BODY>Shr 71 cts vs 47 cts
+    Net 12.1 mln vs 7.8 mln
+    Revs 369.8 mln vs 307.9 mln
+    12 mths
+    Shr 2.35 dlrs vs 2.33 dlrs
+    Net 39.5 mln vs 39 mln
+    Revs 1.36 billion vs 1.24 billion
+    NOTE: Prior year restated to reflect results from current
+year acquisitions.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7494" NEWID="18049">
+<DATE> 2-JUN-1987 11:10:13.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1330&#31;reute
+u f AM-VOLCKER-TEXT   06-02 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER IN LETTER DECLINES NEW FED TERM</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Following is the full text of Federal
+Reserve Board Chairman Paul Volcker's letter to President
+Reagan declining reappointment to the Fed:
+    Dear Mr. President,
+    As the end of my term as chairman of the Federal Reserve
+Board approaches, you naturally have to consider an appropriate
+new appointment.
+   
+    In that connection, you will recall that, upon my
+reappointment as chairman in 1983, I felt unable to make a firm
+commitment to you or to the Congress to remain in office for a
+second full four-year term. Despite my reservations at the
+time, that term is in fact now almost finished. However, I do
+think, after eight years as chairman, a natural time has now
+come for me to return to private life as soon as reasonably
+convenient and consistent with an orderly transition.
+Consequently, I do not desire reappointment as chairman and I
+plan to resign as governor when a new chairman is prepared to
+assume office.
+   
+    I will be leaving with a sense of great appreciation for
+your unfailing courtesy to me personally. More broadly, your
+consistent support of the work of the Federal Reserve during a
+particularly challenging period for it, for the financial
+system, and for the economy has been critical to whatever
+success we have had.
+   
+    Without doubt, strong challenges remain for all of those
+involved in economic policy. In that effort, I believe the
+nation will continue to be well served by a strong Federal
+Reserve System -- a system firmly dedicated to fostering
+economic and financial strength and stability and able to bring
+to that effort a combination of sound and independent
+professional judgement and continuity beyond any partisan
+considerations.
+   
+    May I add, too, my personal best wishes for the remainder
+of your own term in office during which you have done so much
+to restore a sense of confidence and self-reliance among the
+American people.
+    Faithfully yours,
+    Paul A Volcker
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7495" NEWID="18050">
+<DATE> 2-JUN-1987 11:18:53.04</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1373&#31;reute
+u f BC-LAWSON-CALLS-INTERVEN   06-02 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON CALLS INTERVENTION PROOF OF STABILITY GOAL</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The scale of foreign exchange intervention
+the Bank of England has carried out recently is clear proof of
+Britain's determination to stabilise exchange rates as agreed
+between the Group of Seven industrialised countries in Paris in
+February, Chancellor of the Exchequer Nigel Lawson said.
+    Saying he was "content" with sterling's current value, Lawson
+told reporters he wanted "to maintain the exchange rate
+stability we have all signed up for." He declined to say if he
+favoured a rise or a fall from present sterling levels.
+ May currency reserves, out today, showed a record 4.8 billion
+stg rise, pointing to massive currency intervention.
+    In April, reserves rose a hefty 2.9 billion stg.
+    Pointing to the reserves data, Lawson said, "We have been
+playing a very full part ourselves" in meeting our commitments
+toward exchange rate stability as agreed in Paris.
+    "We wish to see it (stability) continuing," he added.
+    Asked which techniques were available to preserve
+stability, Lawson said both central bank intervention and
+interest rate changes could be used to tackle "the market
+pressures there are from time to time."
+    "Interest rate stability is not an objective in that
+sense...Rates have to be moved up and down at times," he added.
+    Lawson said he expected intervention to be "sterilised" by
+draining excess sterling liquidity from the market through new
+issues of government securities and foreign currency sales,
+when the market allowed.
+    This would limit the inflationary impact of intervention,
+he said.
+    "Sterilisation will be dictated by market tactics...Not
+necessarily in the month in which intervention occurs," Lawson
+said. "I am confident that we can sterilise on this scale."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7496" NEWID="18051">
+<DATE> 2-JUN-1987 11:19:19.10</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1376&#31;reute
+b f BC-/-FED-NOT-EXPECTED-TO   06-02 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED NOT EXPECTED TO TAKE MONEY MARKET ACTION</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>The Federal Reserve is not expected to
+intervene in the government securities market to add or drain
+reserves at its usual intervention time this morning,
+economists said.
+    With the Federal funds rate trading comfortably at  6-9/16
+pct, down from yesterday's 6.74 pct average, economists said
+the Fed did not need to take reserve management action today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7497" NEWID="18052">
+<DATE> 2-JUN-1987 11:19:50.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1379&#31;reute
+b f BC-******GULF-AND-WESTER   06-02 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF AND WESTERN INC &lt;GW> 2ND QTR APRIL 30 NET</TITLE>
+<DATELINE>    NEW YORK, June 2 -
+    </DATELINE><BODY>Shr 86 cts vs 73 cts
+    Net 52.7 mln vs 45.7 mln
+    Revs 989.9 mln vs 863.9 mln
+    Six mths
+    Shr 1.97 dlrs vs 1.28 dlrs
+    Net 122 mln vs 79.9 mln
+    Revs 2.078 billion vs 1.726 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7498" NEWID="18053">
+<DATE> 2-JUN-1987 11:20:12.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1382&#31;reute
+b f BC-******ALLEGIS-SAID-IT   06-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALLEGIS SAID IT IS CREATING A LIMITED PARTNERSHIP TO SELL SOME CANADIAN HOTELS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7499" NEWID="18054">
+<DATE> 2-JUN-1987 11:22:06.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1395&#31;reute
+b f BC-******BROWN-GROUP-INC   06-02 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BROWN GROUP INC 1ST QTR SHR 56 CTS VS 42 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7500" NEWID="18055">
+<DATE> 2-JUN-1987 11:22:55.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1402&#31;reute
+b f BC-******ALLEGIS-SAID-IT   06-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALLEGIS SAID IT SEES PROCEEDS OF 350 MLN CANADIAN DLRS WHEN HOTELS ARE SOLD
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7501" NEWID="18056">
+<DATE> 2-JUN-1987 11:23:12.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f1404&#31;reute
+f f BC-ICCO-BUFFER-STOCK-MAN   06-02 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ICCO BUFFER STOCK MANAGER BUYS 5,000 TONNES - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7502" NEWID="18057">
+<DATE> 2-JUN-1987 11:24:34.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE><D>volcker</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1415&#31;reute
+u f BC-CSFB-ECONOMIST-SAYS-V   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSFB ECONOMIST SAYS VOCLKER'S RESIGNATION A SHOCK</TITLE>
+<DATELINE>    ZURICH, June 2 - </DATELINE><BODY>The decision by Paul Volcker not to serve
+a third term as chairman of the U.S. Federal Reserve Board is a
+shock for financial markets and the world economy, Hans Mast,
+senior economic adviser to Credit Suisse First Boston, said.
+    "The markets will believe there will be pressure for a more
+expansive policy (in the United States)," he said.
+    "I would say this is quite a shock for the world economy," he
+added. "He always stood for an anti-inflationary policy and
+tight fiscal discipline. He was one of the best central bankers
+America has had."
+    Mast said the markets would now be trying to assess what
+sort of direction the Fed would be taking under Alan Greenspan,
+designated to succeed Volcker.
+    "Greenspan is more of a politician than an academician, but
+the most important thing is that he has little experience in
+banking," Mast said.
+    Greenspan's first comments on being named were that the
+dollar appeared to have bottomed out but Mast said that
+conviction would have to be backed by policy. "How can you say
+the dollar has bottomed out with the present level of current
+account deficits?" he said. "I would be sceptical."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7503" NEWID="18058">
+<DATE> 2-JUN-1987 11:24:48.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1417&#31;reute
+u f BC-SHEARSON-ECONOMIST-SA   06-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHEARSON ECONOMIST SAYS VOLCKER EFFECT SHORT-TERM</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Alan Sinai, chief economist of Shearson
+Lehman Brothers Inc, said news that Federal Reserve Chairman
+Paul Volcker declined to accept reappointment would have only a
+short-term effect on financial markets.
+    "The markets should not go into a panic," Sinai told a
+fixed-income conference in New York sponsored by the Institute
+for International Research.
+    Sinai said he thought that Volcker was one of the best Fed
+governors in the country's history. Still, he predicted that
+the markets would calm after today's tremors.
+    Alan Greenspan has been nominated to replace Volcker.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7504" NEWID="18059">
+<DATE> 2-JUN-1987 11:25:21.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1421&#31;reute
+r f BC-PERRY-DRUG-STORES-&lt;PD   06-02 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERRY DRUG STORES &lt;PDS> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    PONTIAC, Mich., June 2 - </DATELINE><BODY>Perry Drug Stores Inc said it has
+elected David Schwartz as president and chief executive
+officer, effective immediately.
+    Perry said Schwartz, who will also serve on the board,
+replaced Donald Fox, who resigned January 12.
+    Previously, Schwartz was vice president of drug and general
+merchandise for Kroger Co &lt;KR>, Perry said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7505" NEWID="18060">
+<DATE> 2-JUN-1987 11:25:35.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1423&#31;reute
+r f BC-MICRO-D-&lt;MCRD.O>-IN-A   06-02 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRO D &lt;MCRD.O> IN AGREEMENT WITH ZENITH &lt;ZE></TITLE>
+<DATELINE>    GLENVIEW, ILL., June 2 - </DATELINE><BODY>Zenith Electronics Corp said its
+computer subsidiary signed an agreement under which Micro D Inc
+will market the new Zenith Data Systems monitor, which uses the
+flat tension mask color video display.
+    The monitor offers more than 50 pct greater brightness and
+contrast performance than conventional high-revolution computer
+monitors, Zenith said. It is compatible with the new IBM
+Personal System/2 computers and will be available later this
+summer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7506" NEWID="18061">
+<DATE> 2-JUN-1987 11:25:47.87</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1425&#31;reute
+r f BC-TURKISH-TRADE-DEFICIT   06-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKISH TRADE DEFICIT WIDENS IN APRIL</TITLE>
+<DATELINE>    ANKARA, June 2 - </DATELINE><BODY>Turkey's trade deficit widened to 382 mln
+dlrs in April from 275 mln in March and 273 mln in April 1986,
+the State Statistics Institute said.
+    The deficit for the first quarter of 1987 widened to 1.23
+billion dlrs from 1.20 billion a year earlier.
+    April exports totalled 702 mln dlrs compared with imports
+of 1.08 billion.
+    Exports in the first four months were worth 2.69 billion
+dlrs compared with imports of 3.92 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7507" NEWID="18062">
+<DATE> 2-JUN-1987 11:25:57.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1427&#31;reute
+r f BC-UNITED-FINANCIAL-BANK   06-02 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED FINANCIAL BANKING &lt;UFBC.O> 1ST QTR NET</TITLE>
+<DATELINE>    VIENNA, Va., June 2 -
+    </DATELINE><BODY>Shr four cts vs 21 cts
+    Net 29,862 vs 152,826
+    NOTE: Full name is United Financial Banking Cos Inc. Net
+includes loan loss provision nil vs 40,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7508" NEWID="18063">
+<DATE> 2-JUN-1987 11:26:37.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1432&#31;reute
+d f BC-DREYFUS-&lt;DRY>-INTRODU   06-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DREYFUS &lt;DRY> INTRODUCES STOCK INDEX FUND</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Dreyfus Corp said it introduced a stock
+index mutual fund designed primarily for use by bank trust
+departments in managing their corporate pension accounts.
+    Dreyfus said the fund is keyed to matching the performance
+of Standard and Poor's 500 Composite Stock Price Index, and in
+addition to purchasing stock of the S and P index, the fund may
+also deal in index futures.
+    The company said the fund will be managed by &lt;Wells Fargo
+Investment Advisors>.
+    Minimum investment requirement is one mln dlrs, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7509" NEWID="18064">
+<DATE> 2-JUN-1987 11:27:37.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1437&#31;reute
+u f BC-SEN-DOLE-SAYS-GREENSP   06-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEN DOLE SAYS GREENSPAN WILL BE GOOD FED CHAIRMAN</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Senate Republican Leader Robert Dole
+of Kansas said Alan Greenspan would be a good replacement for
+Paul Volcker as Federal Reserve Chairman.
+    "While Paul Volcker's retirement is a real loss, this
+country is very fortunate to have a man of Alan Greenspan's
+caliber to take his place," Dole said in a statement.
+    "Alan's knowledge of the economy, coupled with his
+experience at the top levels of government, means that the
+leadership of the Federal Reserve Board will be in good hands.
+Alan, literally, has some big shoes to fill. But I haven't any
+doubts he's more than equal to the task," Dole said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7510" NEWID="18065">
+<DATE> 2-JUN-1987 11:27:45.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1438&#31;reute
+u f BC-BROWN-GROUP-INC-&lt;BG>   06-02 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN GROUP INC &lt;BG> 1ST QTR MAY 2 NET</TITLE>
+<DATELINE>    ST. LOUIS, Junee 2 -
+    </DATELINE><BODY>Shr 56 cts vs 42 cts
+    Net 10,030,000 vs 7,833,000
+    Sales 392.1 mln vs 339.6 mln
+    Avg shrs 17,966,000 vs 18,709,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7511" NEWID="18066">
+<DATE> 2-JUN-1987 11:28:11.97</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1439&#31;reute
+d f BC-U.S.-ENERGY-SECRETARY   06-02 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY SECRETARY SEES HIGHER OIL PRICES</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Energy Secretary Donald Hodel said he
+expects oil prices to rise significantly by the year 2000,
+probably to around 33 dlrs a barrel in current dollars.
+    "I do anticipate a significant increase (by 2000).
+Thirty-three dlrs a barrel is not unreasonable," Hodel told the
+Senate Energy Committee.
+    Hodel said the loss of some domestic oil production through
+the shutdown of stripper (10 barrels a day or less) wells
+because of low prices was probably permanent. He said he was
+also concerned by the decline in domestic oil exploration.
+    Hodel urged Congress to approve oil exploration in section
+1002 of the Arctic National Wildlife Refuge in Alaska. He said
+geologic condtions in the area were favorable for the discovery
+of oil fields equal to those in nearby Prudhoe Bay.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7512" NEWID="18067">
+<DATE> 2-JUN-1987 11:28:46.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1444&#31;reute
+s f BC-MUTUAL-OF-OMAHA-INTER   06-02 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUTUAL OF OMAHA INTEREST SHARES INC &lt;MUO> PAYOUT</TITLE>
+<DATELINE>    OMAHA, Neb., June 2 -
+    </DATELINE><BODY>Qtly div 36 cts vs 36 cts prior
+    Payable July 1
+    Record June 12
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7513" NEWID="18068">
+<DATE> 2-JUN-1987 11:29:35.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1445&#31;reute
+r f BC-NORTHWEST-TELEPRODUCT   06-02 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHWEST TELEPRODUCTIONS &lt;NWTL.O> 4TH QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., June 2 - 
+    </DATELINE><BODY>Shr 15 cts vs 16 cts
+    Net 239,034 vs 264,485
+    Sales 2,932,782 vs 2,664,853
+    Year
+    Shr 57 cts vs 45 cts
+    Net 929,524 vs 741,121
+    Sales 10.9 mln vs 9,708,792
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7514" NEWID="18069">
+<DATE> 2-JUN-1987 11:31:07.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1451&#31;reute
+b f BC-******U.S.-JUDGE-SAYS   06-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. JUDGE SAYS TO DECIDE BURLINGTON REQUEST FOR SAMJENS INJUNCTION IN "FEW DAYS"
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7515" NEWID="18070">
+<DATE> 2-JUN-1987 11:33:58.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1462&#31;reute
+f f BC-******TREASURY'S-BAKE   06-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER SAYS G-7 AGREE ON POLICY COORDINATION PROCESS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7516" NEWID="18071">
+<DATE> 2-JUN-1987 11:37:11.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1478&#31;reute
+u f BC-JUDGE-TO-DECIDE-BURLI   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUDGE TO DECIDE BURLINGTON &lt;BUR> IN SEVERAL DAYS</TITLE>
+<DATELINE>    Greensboro, N.C., June 2 - </DATELINE><BODY>U.S. District Court Judge Eugene
+A. Gordon said he will decide "in the next few days" whether to
+grant Burlington Industries Inc's request to stop a takeover by
+Samjens Acquisition Corp.
+    "I do not know how I come down on this preliminary
+injunction," Gordon said after listening to arguments by
+attorneys for 1-1/2 days.
+    "It's been a long time since I was deluged with as much
+information as I have been. I have to consider what's been
+presented and issue an opinion on this. Both sides cannot be
+winners," he said.
+    Burlington requested the injunction to stop a takeover
+effort by Samjens, claiming the partnership used illegally
+obtained confidential information about the company to make its
+offer. It also alleges there would be anti-trust violations if
+Samjens, formed by Asher Edelman and Dominion Textiles Inc of
+Canada, were to succeed.
+    Samjens last week topped a 76 dlr per share offer for
+Burlington from Morgan Stanley Group &lt;MS> by one dlr per share.
+Morgan Stanley made its 2.44 billion dlr bid after Samjens bid
+72 dlrs per share for Burlington.
+    Burlington lawyers told the court if the injunction is not
+granted Samjens would win control of Burlington. A Samjens
+lawyer argued that if the judge granted the injunction it would
+"kill the offer"
+    Jay Greenfield, an attorney for Samjens, said the
+partnership would suffer irreparable harm if the injunction
+were granted. "There's only one Burlington," he said. "If we
+cannot get that then no amount of money can compensate us."
+    Greenfield also said Samjens could sell its holdings in
+Burlington for 95 mln dlrs. "We don't want that. We're not in
+this for the money," he said.
+    Irving Nathan, a Burlington lawyer, reiterated that
+information provided by James Ammeen, a former Burlington
+executive, was crucial to Dominion's decision to attempt o
+takeover of Burlington.
+    "Dominion relied on the information provided by the insider
+Jim Ammeen," Nathan said.
+    An attorney for Ammeen, who is named as a defendant, asked
+the court to dismiss the lawsuit against his client. The judge
+said he would not rule on the request today.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7517" NEWID="18072">
+<DATE> 2-JUN-1987 11:38:08.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1487&#31;reute
+r f BC-CORRECTION---PERRY-DR   06-02 0048</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CORRECTION - PERRY DRUG &lt;PDS> NAMES PRESIDENT
+    In New York story headlined "Perry Drug Stores &lt;PDS> names
+new president," the position of the David Shwartz should read
+president and chief operating officer instead of president and
+chief executive officer.
+(corrects position of Schwartz)
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7518" NEWID="18073">
+<DATE> 2-JUN-1987 11:39:04.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1491&#31;reute
+r f BC-COLECO-&lt;CLO>-SUBORDIN   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLECO &lt;CLO> SUBORDINATED DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Strandard and Poor's Corp said it cut to
+CCC-plus from B-minus Coleco Industries Inc's 300 mln dlrs of
+subordinated debt.
+    The company's implied senior debt rating is B.
+    S/P said the action reflected significant deterioration in
+capital structure and financial flexibility following Coleco's
+111 mln dlr net loss in fiscal 1986. The agency attributed the
+loss to a falloff in sales of Cabbage Patch Kids dolls.
+    Coleco had negative equity of 7.7 mln dlrs at year-end
+1986, S/P noted. Future operating performance depends on
+several new products with untested earnings potential.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7519" NEWID="18074">
+<DATE> 2-JUN-1987 11:39:20.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>lawson</D><D>volcker</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1492&#31;reute
+f f BC-U.K.'S-LAWSON-CALLS-V   06-02 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K.'S LAWSON CALLS VOLCKER OUTSTANDING FED CHAIRMAN, SAYS GREENSPAN EXCELLENT SUCCESSOR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7520" NEWID="18075">
+<DATE> 2-JUN-1987 11:39:40.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1493&#31;reute
+b f BC-/ALLEGIS-&lt;AEG>-TO-SEL   06-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGIS &lt;AEG> TO SELL CANADIAN HOTELS</TITLE>
+<DATELINE>    CHICAGO, June 2 - </DATELINE><BODY>Allegis Corp said it has created a
+limited partnership to sell selected hotels in Canada to the
+public.
+    It said the offering is expected to raise in excess of 350
+mln Canadian dlrs and will be completed by the end of
+September.
+    The limited partnership will be similar to the Westin
+Hotels limited partnership completed last year when Allegis
+sold Westin hotels in San Francisco and Chicago. Allegis
+reported a pretax gain of 80.6 mln dlrs as a result of that
+partnership.
+   
+    An Allegis spokesman said the offerings have been in
+planning stages for a long time and are unrelated to recent
+corporate developments such as the firm's recapitalization plan
+and a threatened takeover by an investor group lead by Coniston
+Partners and the pilots of its United Airlines unit.
+    The spokesman said the company has not yet identified which
+of its Canadian hotels will be offered for sale.
+    Allegis has 100 pct ownership in Westin hotels in
+Vancouver, Calgary, Ottawa and Toronto, and 100 pct interest in
+Hilton International hotels in Toronto and Montreal. It owns 60
+pct of the Westin in Edmonton.
+    Richard Ferris, chairman of Allegis, said in a statement
+the hotel limited partnerships allow the company to convert
+unrecognized asset appreciation into cash.
+    As with the proceeds from the earlier limited partnership,
+the money will be used for general corporate needs, the
+spokesman said.
+    Merrill Lynch Capital Markets and Wood Gundy will be lead
+underwriters for to the public offering. The limited
+partnership will be offered outside the U.S, Allegis said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7521" NEWID="18076">
+<DATE> 2-JUN-1987 11:41:11.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1500&#31;reute
+b f BC-royal-bank-of-canada   06-02 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROYAL BANK OF CANADA 2ND QTR SHR 83 CTS VS 1.05 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7522" NEWID="18077">
+<DATE> 2-JUN-1987 11:41:58.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1508&#31;reute
+r f BC-AMERICAN-MICRO-SIGNS   06-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MICRO SIGNS THREE-YEAR SERVICE PACT</TITLE>
+<DATELINE>    TUSTIN, Calif., June 2 - </DATELINE><BODY>&lt;American Micro Technology Co>
+said it signed a three-year installation and service agreement
+with TRW Inc &lt;TRW>.
+    Under the agreement, TRW initially will provide on-site
+installation and service of AMT's full line of PC compatible
+products in a 100-mile radius of 12 major cities, which
+represent more than two-thirds of the PC market, American Micro
+said.
+    The company said the pact allows it to pursue government
+bids which require installation and service support.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7523" NEWID="18078">
+<DATE> 2-JUN-1987 11:42:03.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f1509&#31;reute
+f f BC-******FED-SAYS-IT-SET   06-02 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS IT SETS TWO DAY MATCHED SALES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7524" NEWID="18079">
+<DATE> 2-JUN-1987 11:42:19.36</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1511&#31;reute
+r f BC-RAYCOMM-TRANSWORLD-&lt;R   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAYCOMM TRANSWORLD &lt;RACM.O> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    FREEHOLD, N.J., June 2 - </DATELINE><BODY>Raycomm Transworld Industries Inc
+said it has agreed in principle subject to board approvals to
+acquire Spiridellis Consulting Group Inc, a privately-held
+computer services consulting firm, for a number of common
+shares to be determined based on pretax earnings of Spiridellis
+over a five-year period.
+    The company said it will gaurantee that almost all of the
+issued shares will attain price levels ranging from five to
+nine dlrs each for two years after their issuance.
+    It said Spiridellis had revenues of 3,500,000 dlrs in
+calendar 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7525" NEWID="18080">
+<DATE> 2-JUN-1987 11:43:10.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1513&#31;reute
+r f BC-3M-&lt;MMM>-ACQUIRES-CON   06-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>3M &lt;MMM> ACQUIRES CONTROL DATA &lt;CDA> UNIT</TITLE>
+<DATELINE>    ST PAUL, Minn., June 2 - </DATELINE><BODY>Minnesota Mining and Manufacturing
+said it acquired a computerized hospital information systems
+business from Control Data Corp.
+    Terms were not disclosed.
+    The business, which has 145 employees and supplies
+computers and software for hospital information systems, will
+be integrated into 3M's hospital software business.
+    Control Data said the divestiture was part of its strategy
+to focus on narrower markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7526" NEWID="18081">
+<DATE> 2-JUN-1987 11:43:19.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1514&#31;reute
+d f BC-MELLON-&lt;MEL>-SIGNS-PA   06-02 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELLON &lt;MEL> SIGNS PACT WITH 21 BANKS</TITLE>
+<DATELINE>    PITTSBURGH, June 2 - </DATELINE><BODY>Mellon Bank Corp said it signed
+contracts with 21 financial institutions to have Mellon's
+network services division process their electronic funds
+transfer transactions.
+    Mellon said it will provide the institutions, all based in
+New England, with automated teller machines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7527" NEWID="18082">
+<DATE> 2-JUN-1987 11:44:02.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1516&#31;reute
+d f BC-PHARMACIA-&lt;PHAB.O>-ES   06-02 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHARMACIA &lt;PHAB.O> ESTABLISHES VENTURE FUND</TITLE>
+<DATELINE>    PISCATAWAY, N.J., June 2 - </DATELINE><BODY>Pharmacia Inc's Pharmacia
+Develpoment Co Inc said it established Pharmacia Ventures Inc
+to make investments in U.S. growth companies.
+    It said investments will be made in such firms as those
+producing in-vitro diagnostics, biotechnology, ophthalmology
+and health care.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7528" NEWID="18083">
+<DATE> 2-JUN-1987 11:44:07.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1517&#31;reute
+s f BC-PILLSBURY-CO-&lt;PSY>-RE   06-02 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PILLSBURY CO &lt;PSY> REGULAR DIVIDEND SET</TITLE>
+<DATELINE>    MINNEAPOLIS, June 2 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay August 31
+    Record August Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7529" NEWID="18084">
+<DATE> 2-JUN-1987 11:45:58.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1523&#31;reute
+u f BC-******GULF-AND-WESTER   06-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF AND WESTERN &lt;GW> SEES RECORD FISCAL YEAR</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Gulf and Western Inc chairman Martin
+Davis said the company will report record results for the
+current fiscal year.
+    In its last fiscal year ending October 31, the company
+earned 228.7 mln dlrs, or 3.66 dlrs a share, on revenues of
+2.093 billion dlrs.
+    Earlier the company said its second quarter net rose to 86
+cts a share from 73 cts a year ago. Davis said the company's
+Paramount Pictures Corp had strong momentum, and a substantial
+contribution is anticipated from the company's publishing
+operations in the third and fourth quarter.
+    Davis also said steady growth is expected in financial
+services operations, bolstered by the acquisition in May of
+Fruehauf's truck trailer financing and leasing business.
+    He said the company's entertainment operations should
+benefit significantly from Paramount's two major summer motion
+pictures, "Beverly Hills Cop II," which grossed 65 mln dlrs in
+its first 12 days of North American distribution, and "The
+Untouchables," which opens June 3.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7530" NEWID="18085">
+<DATE> 2-JUN-1987 11:46:57.81</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1527&#31;reute
+u f BC-LUKMAN-SEES-STABLE-OI   06-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUKMAN SEES STABLE OIL PRICE FOR NEXT COUPLE YEARS</TITLE>
+<DATELINE>    STOCKHOLM, June 2 - </DATELINE><BODY>The current crude oil price of between
+18 and 20 dlrs a barrel will remain stable over the next couple
+of years, rising only one to two dlrs a barrel per annum to
+keep up with inflation, OPEC President Rilwanu Lukman said.
+    Lukman, who was speaking during talks with Swedish trade
+officials, said the stable price depended upon output restraint
+by both OPEC and non-OPEC oil producers, Swedish government
+officials said.
+    They said Lukman, who is also Nigerian oil minister, made
+the remarks whilst talking about the connection between Third
+World debt and industrialised nations.
+    Crude oil output controls did not necessarily mean higher
+energy bills for the world's industrial nations, Lukman said.
+    Although very low oil prices, such as those seen around the
+beginning of the year, may appear beneficial for the industrial
+countries that depend on imported energy, they would only lead
+to wastage and overdependence on the fuel in the long term, he
+said.
+    This in turn would bring a swing back to extremely high
+prices, he added.
+    Sweden, heavily dependent on imported oil, suffered a major
+crisis in the mid-1970s, when oil prices spiralled.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7531" NEWID="18086">
+<DATE> 2-JUN-1987 11:47:07.87</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1528&#31;reute
+u f BC-BUNDESBANK-CREDIT-POL   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK CREDIT POLICY CHANGES UNLIKELY</TITLE>
+<AUTHOR>    By Jonathan Lynn, Reuters</AUTHOR>
+<DATELINE>    FRANKFURT, June 2 - </DATELINE><BODY>The Bundesbank is unlikely to change
+credit policies when its central bank council meets on Thursday
+for its last session before the Venice summit, banking
+economists and money market dealers said.
+    The Bundesbank steered money market rates lower last month
+by cutting the rate on its security repurchase pacts, and is
+unlikely to cap this move with a cut in leading interest rates
+in the near future, they said.
+    The council will meet in Saarbruecken, and the meeting will
+be followed by a news conference at around 1030 GMT.
+    But Bundesbank officials noted that a news conference was
+usually called when the council meets outside Frankfurt, and
+did not necessarily herald any policy moves.
+    Bundesbank Vice-President Helmut Schlesinger said today
+there was no reason to cut interest rates because money supply
+growth had shown no signs of slowing in May and the dollar was
+stable against the mark.
+    Schlesinger told Reuters in Tokyo, where the Bundesbank has
+opened a representative office, that the West German economy
+was now picking up after contracting by a seasonally adjusted
+1/2 to one pct in the first quarter.
+    Money market dealers said call money was likely to hold in
+a 3.50/70 pct range for most of this month, after the
+Bundesbank switched last month to tenders by interest rate at a
+minimum bid rate of 3.50 pct, allocating funds at 3.55 pct.
+    "They have set this signal and indicated they could maybe
+lower market rates even further, but not with the discount or
+Lombard," Winfried Hutmann, chief economist of Schroeder,
+Munchmeyer, Hengst Investment GmbH said.
+    Werner Chrobok, managing partner at Bethmann Bank, said
+German rates were among the lowest in industrial countries and
+around historical lows for West Germany.
+    A further cut in rates would have little impact on the
+economy as banks are in any case reporting slack credit demand,
+with companies swimming in liquidity, Chrobok said.
+    The Bundesbank would therefore be reluctant to make a move
+on interest rates, when this would be better held in reserve.
+"The Bundesbank is frightened of using up its powder," he said.
+    A cut in the discount or Lombard rates, to bring them in
+line with the new structure of money market rates since last
+month, would have little practical significance, dealers said.
+    The Bundesbank could therefore act on these if it wanted a
+diplomatic gesture before next week's Venice summit.
+    But Bundesbank President Karl Otto Poehl has often made it
+clear in the past he opposes such gestures as mere "eyewash."
+    Economists said it was really up to the Bonn government to
+cut taxes, rather than for the Bundesbank to ease monetary
+policy, to meet pressure on West Germany at the Venice summit.
+    But with Bonn struggling to finance already announced tax
+cuts and falling tax revenue widening the federal budget
+deficit, it is hard to see how Bonn could cut taxes further.
+    "The Bonn government will be in a very weak position in
+Venice because they can't risk increasing the deficit further,"
+said Schroeder, Muenchmeyer, Hengst's Hutmann.
+    Bethmann's Chrobok said if anything is to happen before
+Venice, it must be in fiscal rather than monetary policy. "But I
+don't expect any convincing measures," he said.
+    Money market dealers noted that call money continued to
+normalize today, falling to 3.60/70 pct from 3.75/85 yesterday
+and as much as five pct on Friday when it was pushed up by
+month-end distortions.
+    Call money could come under upwards pressure later this
+month because of a major round of tax payments by banks on
+behalf of customers, starting in the week beginning June 15.
+Two public holidays that week could also distort the market.
+    Dealers said they expected the Bundesbank to allocate funds
+tomorrow in the latest repurchase pact at an unchanged 3.55
+pct, after setting an unchanged minimum bid rate of 3.50 pct,
+and to fully replace the 5.5 billion marks in an outgoing pact.
+    But dealers said it was possible the Bundesbank would
+allocate funds at 3.6 pct rather than 3.55. That would not
+represent a tightening of policy, however.
+    Because the Bundesbank scales down bids which it allocates
+at the minimum accepted rate, some banks may try to get a full
+allocation by bidding heavily at 3.6 pct, dealers said.
+    On another issue, Poehl has said the Bundesbank is likely
+to lift restrictions on private use of the European Currency
+Unit (ECU) at one of its meetings soon.
+    Saarbruecken would be a suitable place for an announcement
+on this gesture to European unity, as it is the capital of the
+Saarland bordering France, and was twice under French
+occupation this century.
+    But dealers said an ECU announcement was unlikely to come
+this week, as a number of technical and legal matters had still
+to be resolved, for instance how German ECU accounts would be
+treated for minimum reserve purposes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7532" NEWID="18087">
+<DATE> 2-JUN-1987 11:48:00.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>kenya</D><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f1530&#31;reute
+d f BC-UGANDAN-GOODWILL-MISS   06-02 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UGANDAN GOODWILL MISSION TO VISIT KENYA</TITLE>
+<DATELINE>    NAIROBI, June 2 - </DATELINE><BODY>A Ugandan goodwill mission led by
+minister of state in the presidency Balaki Kirya will visit
+Kenya tomorrow for talks on improving strained relations
+between the two countries, diplomatic sources said.
+    If the talks go well, Ugandan President Yoweri Museveni is
+likely to have a meeting with Kenyan leader Daniel arap Moi
+when he pays a two-day visit to Nairobi to attend U.N
+ceremonies on Friday and Saturday, they added.
+    Relations between the two states showed the first signs of
+recovery yesterday after three months of steady deterioration.
+    The Kenyan President told a military parade there was no
+border tension with Uganda and the Kenyan border was fully open
+for cargo movements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7533" NEWID="18088">
+<DATE> 2-JUN-1987 11:48:33.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1533&#31;reute
+r f BC-NEW-YORK-LIFE-OFFERIN   06-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK LIFE OFFERING A GLOBAL MUTUAL FUND</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>&lt;New York Life Insurance Co> said it is
+offering its first global mutual fund through its wholly-owned
+subsidiary, MacKay-Shields Financial Corp.
+    The new fund is called the MacKay-Shields Global Fund, the
+company said. Its portfolio contains foreign and U.S.
+securities, the company said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7534" NEWID="18089">
+<DATE> 2-JUN-1987 11:49:53.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1541&#31;reute
+u f BC-SOCIETE-GENERALE-DEBT   06-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCIETE GENERALE DEBT RATINGS AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed Societe Generale's 1.4 billion dlrs of debt.
+    It said Societe Generale took major steps to restructure
+its organization and improve capital position in the past two
+years. The bank is due to be offered to the public June 15.
+    Affirmed were the bank's AA-plus senior debt and AA-minus
+perpetual subordinated debt, the AA-plus debt backed by its
+long-term letters of credit and Societe Generale (Australia)
+Ltd's senior debt. Also, the A-1-plus commercial paper of
+Societe Generale North America Inc and Societe Generale
+(Canada) and the Europaper of Societe General Acceptance NV.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7535" NEWID="18090">
+<DATE> 2-JUN-1987 11:50:01.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1542&#31;reute
+u f BC-BUNDESBANK-SOURCES-SA   06-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK SOURCES SAY VOLCKER MOVE REGRETTED</TITLE>
+<DATELINE>    FRANKFURT, June 2 - </DATELINE><BODY>The Bundesbank noted with regret that
+Paul Volcker will not be available for a further term as
+Federal Reserve chairman, Bundesbank sources said.
+    Cooperation with Volcker was always trusting and successful
+for many years, the sources said.
+    On the other hand the Bundesbank is confident that the good
+cooperation between the Bundesbank and the Fed will continue
+under the chairmanship of Alan Greenspan, the sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7536" NEWID="18091">
+<DATE> 2-JUN-1987 11:53:01.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1558&#31;reute
+b f BC-/TREASURY'S-BAKER-SEE   06-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER SEES COORDINATION PROCESS</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Treasury Secretary James Baker said 
+the finance ministers from the group of seven industrial
+countries have agreed on a new process for economic
+coordination. He declined to be specific.
+    Meeting with reporters to discuss the upcoming economic
+summit in Venice, Baker said the finance ministers will unveil
+the new process, a year in the development, to the heads of
+state at that meeting.
+    Baker said that in cooperation with the other countries,
+details will not be made public.
+    Baker said the United States hoped to get a new committment
+by the other industrial countries to reduce trade friction over
+agricultural products which he said was the major trade issue
+facing the global economy.
+    He said, however, that it was not expected that any
+specific new program would come from the meetings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7537" NEWID="18092">
+<DATE> 2-JUN-1987 11:53:44.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E
+&#22;&#22;&#1;f1562&#31;reute
+r f BC-VANCOUVER-STOCK-EXCHA   06-02 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VANCOUVER STOCK EXCHANGE LISTS DIAEM RESOURCES</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, June 2 - </DATELINE><BODY>The Vancouver Stock
+Exchange said it has listed the common stock of DiaEm Resources
+Ltd &lt;DAE.V>, which has interests in an emerald property in
+North Carolina and a diamond property in Indonesia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7538" NEWID="18093">
+<DATE> 2-JUN-1987 11:54:05.84</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1564&#31;reute
+d f BC-ALCAN-REDUCES-COST-OF   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN REDUCES COST OF PLANNED SMELTER</TITLE>
+<DATELINE>    MONTREAL, June 2 - </DATELINE><BODY>Alcan Aluminium Ltd said it has cut the
+expected cost of its planned Laterriere, Quebec, smelter by
+using enhanced Grande Baie reduction technology.
+    The company said the decision to use prebaked anode
+technolgy used at its Grande Baie, Quebec, and Sebree, Ky.,
+smelters was taken primarily for cost reasons.
+    As a result, it said, the estimated total cost of the
+planned smelter will be held to 450 mln U.S. dlrs, the low end
+of the range estimated in mid-May, while the cost of the first
+phase was cut to 150 mln dlrs from the projected 175-225 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7539" NEWID="18094">
+<DATE> 2-JUN-1987 11:54:49.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1567&#31;reute
+d f BC-ZIM-ENERGY-&lt;ZIMR.O>-R   06-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIM ENERGY &lt;ZIMR.O> REVISES LOSS UPWARD</TITLE>
+<DATELINE>    HOUSTON, June 2 - </DATELINE><BODY>ZIM Energy Corp said it has revised its
+loss for the year ended January 31 to 4.7 mln dlrs from the
+loss of 3.1 mln dlrs reported in March.
+    A spokesman said the larger loss, which has been reported
+on the company's 10K filing with the Securities and Exchange
+Commission, reflects management's decision to write off 1.5 mln
+dlrs in costs mainly associated with an unsuccessful merger
+attempt.
+    ZIM also said it has a tentative agreement with "a major
+independent company to farm out its interest" in acreage
+located near currently producing areas of the Buccaneer Field
+located in the Gulf of Mexico offshore Galveston, Texas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7540" NEWID="18095">
+<DATE> 2-JUN-1987 11:55:00.59</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1568&#31;reute
+b f BC-GERMAN-EXPERTS-SAY-NO   06-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN EXPERTS SAY NO FURTHER ECONOMIC STIMULUS</TITLE>
+<DATELINE>    BONN, June 2 - </DATELINE><BODY>The West German government's independent
+council of economic experts believes a further stimulation of
+the economy is inappropriate, government spokesman Friedhelm
+Ost said.
+    A statement released by Ost after a meeting of Chancellor
+Helmut Kohl and senior government officials with the council
+said the experts believed 1987 ecomomic growth of 1-1/2 to two
+pct was achievable.
+    It added the council believed "an intensification of the
+already expansionary stimulation of monetary and financial
+policy is not called for."
+    Ost's statement said experts believed further pressure on
+West Germany to adapt to external economic factors would not
+increase.
+    The government regularly uses the term "changed external
+economic factors" when referring to the fall of the dollar,
+which has severely damaged West German exports. Bonn officials
+have said they expect exports to pick up during the year, but
+could still fall below the 1986 level.
+    Along with other leading industrial countries, West Germany
+agreed to a package of measures at a meeting in Paris in
+February aimed at stemming the fall of the dollar.
+    The stance taken by the experts backs up the official
+position of the West German government ahead of next week's
+seven nation summit in Venice, where Bonn is expected to be
+pressed by the U.S. And other partners to boost its economy.
+    West German government officials have stressed Bonn is not
+in a position to stimulate growth further since tax cuts due
+next year and 1990 are already stretching the budget.
+    The Bundesbank has also ruled out a quick cut in official
+interest rates although it sees market rates continuing low.
+    The experts' prediction for economic growth this year of
+between 1-1/2 and two pct is a slight downward revision from a
+forecast made last November when two pct growth was forecast.
+    Many independent forecasters have revised down 1987
+predictions in light of the downturn in exports. The government
+itself has said it expects growth of just under two pct,
+compared with a 2.4 pct expansion in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7541" NEWID="18096">
+<DATE> 2-JUN-1987 11:55:44.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1572&#31;reute
+u f BC-ROYAL-BANK-OF-CANADA   06-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE> ROYAL BANK OF CANADA (RY.TO) 2ND QTR APRIL 30 NET</TITLE>
+<DATELINE>    MONTREAL, June 2 -
+    </DATELINE><BODY>Shr basic 83 cts vs 1.05 dlrs
+    Shr diluted 80 cts vs 96 cts
+    Net 116,157,000 vs 125,146,000
+    Six mths
+    Shr basic 1.71 dlrs vs 2.27 dlrs
+    Shr diluted 1.63 dlrs vs 2.06 dlrs
+    Net 230,265,000 vs 265,535,000
+    Loans 67.93 billion vs 65.50 billion
+    Deposits 83.71 billion vs 84.25 billion
+    Assets 100.00 billion vs 97.50 billion
+    Avg shrs 116.4 mln vs 102.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7542" NEWID="18097">
+<DATE> 2-JUN-1987 11:57:22.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE><D>ruding</D><D>greenspan</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1581&#31;reute
+u f BC-DUTCH-FINANCE-MINISTE   06-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH FINANCE MINISTER APPLAUDS NEW FED CHIEF</TITLE>
+<DATELINE>    THE HAGUE, June 2 - </DATELINE><BODY>Dutch Finance Minister Onno Ruding
+welcomed President Reagan's decision to name economist Alan
+Greenspan as successor to Federal Reserve Board Chairman Paul
+Volcker, who will not serve another term.
+    "The minister feels the choice of Alan Greenspan is an
+excellent one," said a spokesman for Ruding, who also chairs the
+IMF policy making interim committee. He did not elaborate.
+    But Ruding expressed regret over Volcker's departure saying
+he had "great appreciation for the work he has done all these
+years," the spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7543" NEWID="18098">
+<DATE> 2-JUN-1987 11:57:34.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1584&#31;reute
+d f BC-SYNERCOM-TECHNOLOGY-&lt;   06-02 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNERCOM TECHNOLOGY &lt;SYNR.O> EXECUTIVE LEAVES</TITLE>
+<DATELINE>    HOUSTON, June 2 - </DATELINE><BODY>Synercom Technology Inc said vice
+president Charles W. Ryle will be leaving the company for
+personal reasons.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7544" NEWID="18099">
+<DATE> 2-JUN-1987 11:57:55.69</DATE>
+<TOPICS><D>carcass</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f1585&#31;reute
+u f BC-EX-USDA-OFFICIAL-URGE   06-02 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EX-USDA OFFICIAL URGES CHICKEN HANDLING LABELS</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>A former U.S. Agriculture Department
+official urged the department to require that packages of
+chicken be labeled with handling and cooking instructions to
+protect the public from disease.
+    Carol Tucker Foreman, President of Foreman and Heidepriem
+and a former assistant secretary of agriculture for food and
+consumer services, told a House Agriculture subcommittee, "every
+hour of every day, 22 Americans become victims of chicken
+contaminated with salmonella."
+    She said every two and a half weeks, an American dies of
+salmonellosis or complications arising from it and the
+incidence of poisoning from poultry has increased steadily over
+the past several years.
+    Foreman said USDA should follow a National Academy of
+Sciences recommendation to label chicken packages to remind
+consumers of preparation procedures necessary to avoid illness.
+    She urged USDA to require that birds be washed thoroughly
+before they are defeathered and that defeathering machines be
+cleaned several times a day, that birds be condemned if their
+intestines are punctured or there is visible fecal
+contamination and that chiller water be changed more often.
+    Kenneth Blaylock, President of the American Federation of
+Government Employees, said a poultry industry recommendation to
+move away from the current bird-by-bird inspection could prove
+"disastrous." He said a strengthened bird-by-bird inspection with
+slower line speeds was the foundation upon which new inspection
+techniques should be overlaid.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7545" NEWID="18100">
+<DATE> 2-JUN-1987 12:00:29.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1598&#31;reute
+u f BC-PROXMIRE-SAYS-VOLCKER   06-02 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROXMIRE SAYS VOLCKER RETIREMENT A LOSS FOR U.S.</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Senate Banking Committee chairman
+William Proxmire, D-Wis, said Paul Volcker's decision to leave
+the Federal Reserve Board was a loss for the country.
+    "I think it is a serious loss for the country," Proxmire said
+in a Senate speech. He had no comment on the nomination of Alan
+Greespan to replace Volcker.
+    Proxmire's committee will hold confirmation hearings on
+Greenspan, but no date has been scheduled.
+    "Mr Volcker has been a superb chairman of the Federal
+Reserve Board. He has the confidence of the business community.
+He has the confidence of the country. And I thought he had the
+confidence of the Administration. We are going to miss him very
+much."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7546" NEWID="18101">
+<DATE> 2-JUN-1987 12:00:59.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1601&#31;reute
+r f BC-CENTURY-&lt;CCC.O>-TO-BU   06-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTURY &lt;CCC.O> TO BUY TO PUERTO RICAN CO</TITLE>
+<DATELINE>    NEW CANAAN, Conn., June 2 - </DATELINE><BODY>Century Communications Corp
+said it had entered into an agreement to acquire all the assets
+of &lt;Community Cable Vision of Puerto Rico Associates>  and its
+associated companies for about 12 mln dlrs.
+    Century said it anticipates that &lt;ML Media Partners LP>,
+which jointly owns with Century a company called &lt;Cable
+Television Co> of greater San Juan, will join in acquisition
+and management of Community Cable.
+    Century said Community Cable is located in San Juan, Puerto
+Rico.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7547" NEWID="18102">
+<DATE> 2-JUN-1987 12:03:31.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1613&#31;reute
+u f BC-ST.-GERMAIN-REGRETS-V   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST. GERMAIN REGRETS VOLCKER STEPPING DOWN</TITLE>
+<DATELINE>     WASHINGTON, June 2 - </DATELINE><BODY>House Banking Committee chairman
+Fernand St. Germain, a Rhode Island Democrat, said he regretted
+Federal Reserve Board chairman Paul Volcker had decided not to
+accept a new term.
+    "Paul Volcker has been an island of strength and stability,"
+St. Germain said in a statement.
+    "I deeply regret his decision," he added. "This nation has
+been extremely fortunate in having giants on the scene during
+times of crisis. Thank God, Paul Volcker was available during
+this period of domestic and world economic turmoil," St. Germain
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7548" NEWID="18103">
+<DATE> 2-JUN-1987 12:05:40.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1624&#31;reute
+u f BC-BBC-DECLINES-COMMENT   06-02 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BBC DECLINES COMMENT ON U.K. POLL RUMOURS</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The British Broadcasting Corporation
+declined comment on rumours circulating in the London Stock
+Exchange that it would release an opinion poll tonight showing
+the Conservative and Labour parties running level in marginal
+seats. The general election is set for June 11.
+    The rumour was cited by several market dealers as a factor
+contributing to this afternoon's slide in share prices. The
+FTSE 100 share index in late afternoon was down 7.4 points at
+2,220.7, having earlier touched a new record of 2,248.8.
+    Nationally, most polls put the Conservatives nine to 10
+points ahead, enough for a comfortable election victory
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7549" NEWID="18104">
+<DATE> 2-JUN-1987 12:06:16.12</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1626&#31;reute
+u f AM-SANCTIONS   06-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WEIGHS LIFTING JAPANESE TRADE CURBS</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The White House has completed a new
+review of Japanese semiconductor trading practices but has not
+yet decided whether trade sanctions levied against Japan last
+April should be lifted, U.S. officials said.
+    They said the president's Economic Policy Council looked at
+Japan's adherence to the 1986 U.S.-Japanese semiconductor pact
+yesterday and that an announcement may be made shortly.
+    But there was no hint what the announcement might be.
+    Officials have said the 100 pct tariffs on 300 mln dlrs of
+Japanese exports could be modified if Japan was found to be
+honoring a portion of its semiconductor pact.
+    But they also noted that the White House has said it was
+unlikely the tariffs would be lifted before the meeting of the
+world's seven major economic powers in Venice on June 8-10.
+    The officials added that while the curbs complicated
+U.S.-Japanese economic cooperation, they did serve to blunt 
+Congressional criticism that the Reagan Administrtation was not
+taking tough actions to reduce he U.S. trade deficit.
+    Reagan imposed the sanctions on April 17 in retaliation for
+Japan's failure to honor commitments to end dumping
+semiconductors in world markets at less than production costs
+and to open its own market to U.S. goods.
+    The sanctions were levied on certain Japanese television
+sets, personal computers and hand-held power tools.
+    Reagan, in imposing the curbs, said they would be lifted as
+soon as there was evidence of a pattern that Japan was adhering
+to the pact.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7550" NEWID="18105">
+<DATE> 2-JUN-1987 12:06:45.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE><D>volcker</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1628&#31;reute
+u f BC-CSFB-ECONOMIST-SAYS-V   06-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSFB ECONOMIST SAYS VOCLKER'S RESIGNATION A SHOCK</TITLE>
+<DATELINE>    ZURICH, June 2 - </DATELINE><BODY>The decision by Paul Volcker not to serve
+a third term as chairman of the U.S. Federal Reserve Board is a
+shock for financial markets and the world economy, Hans Mast,
+senior economic adviser to Credit Suisse First Boston, said.
+    "The markets will believe there will be pressure for a more
+expansive policy (in the United States)," he said.
+    "I would say this is quite a shock for the world economy," he
+added. "He always stood for an anti-inflationary policy and
+tight fiscal discipline. He was one of the best central bankers
+America has had."
+    Mast said the markets would now be trying to assess what
+sort of direction the Fed would be taking under Alan Greenspan,
+designated to succeed Volcker.
+    "Greenspan is more of a politician than an academician, but
+the most important thing is that he has little experience in
+banking," Mast said.
+    Greenspan's first comments on being named were that the
+dollar appeared to have bottomed out, but Mast said that
+conviction would have to be backed by policy. "How can you say
+the dollar has bottomed out with the present level of current
+account deficits?" he said. "I would be sceptical."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7551" NEWID="18106">
+<DATE> 2-JUN-1987 12:06:51.27</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1629&#31;reute
+f f BC-******U.S.-HOUSE-SPEA   06-02 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. HOUSE SPEAKER WRIGHT CONCERNED of INTEREST RATE RISE UNDER GREENSPAN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7552" NEWID="18107">
+<DATE> 2-JUN-1987 12:09:48.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D><D>volcker</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f1647&#31;reute
+u f BC-LAWSON-SAYS-VOLCKER-O   06-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SAYS VOLCKER OUSTANDING FED CHAIRMAN</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson said Paul Volcker has been an outstanding Chairman of
+the Federal Reserve and he will be greatly missed, a spokesman
+for the U.K. Treasury said.
+    The spokesman was relaying Lawson's reaction to news that
+Volcker will not be seeking a third term as chairman. Lawson is
+campaigning in London ahead of the June 11 general election.
+    Lawson also said he thought Alan Greenspan an excellent
+choice as Volcker's successor and that he sees no reason to
+expect a change in policy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7553" NEWID="18108">
+<DATE> 2-JUN-1987 12:11:51.59</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F A
+&#22;&#22;&#1;f1662&#31;reute
+u f BC-ENERGY-SECRETARY-SEES   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY SECRETARY SEES HIGHER OIL PRICES</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Energy Secretary Donald Hodel said he
+expects oil prices to rise significantly by the year 2000,
+probably to around 33 dlrs a barrel in current dollars.
+    "I do anticipate a significant increase (by 2000).
+Thirty-three dlrs a barrel is not unreasonable," Hodel told the
+Senate Energy Committee.
+    Hodel said the loss of some domestic oil production through
+the shutdown of stripper (10 barrels a day or less) wells
+because of low prices was probably permanent. He said he was
+also concerned by the decline in domestic oil exploration.
+    Hodel urged Congress to approve oil exploration in section
+1002 of the Arctic National Wildlife Refuge in Alaska. He said
+geologic condtions in the area were favorable for the discovery
+of oil fields equal to those in nearby Prudhoe Bay.
+    "The area could contain potentially recoverable oil
+resources of more than 9.2 billion barrels, an amount nearly
+equal to the Prudhoe Bay oil field, which currently provides
+almost one-fifth of U.S. domestic production," Hodel said.
+    He said production from the new section could begin about
+the time Prudhoe Bay production begins to decline in 2000
+without endangering caribou or other wildlife in the area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7554" NEWID="18109">
+<DATE> 2-JUN-1987 12:16:29.82</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1697&#31;reute
+r f BC-DANISH-RESERVES-RISE   06-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH RESERVES RISE 10.5 BILLION CROWNS IN MAY</TITLE>
+<DATELINE>    COPENHAGEN, June 2 - </DATELINE><BODY>Denmark's net official reserves rose
+to 60.629 billion crowns in May from 48.380 billion in April,
+against 39.481 billion in May 1986, the Central Bank said in
+its monthly balance sheet report.
+    Total net reserves, including reserves held by commercial
+and major savings banks and corrected for exchange rate
+adjustments, rose to 58.373 billion crowns in May from 47.835
+billion in April, against 32.443 billion in May 1986.
+    The Bank said in a statement that public loan transactions
+accounted for net capital import of 0.1 billion crowns in May,
+with net registered private capital imports of 9.1 billion.
+    "Of this, the net sale of Danish crown bonds to other
+countries totalled about 2.5 billion crowns. There was balance
+between the purchase and sale of foreign securities," the
+statement added.
+    The Central Bank said that figures for private bank
+reserves and registered capital movements were provisional and
+there was no estimate yet of unregistered movements.
+    "It is therefore not possible on this basis to draw
+conclusions about the developments of the external current
+account," the statement added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7555" NEWID="18110">
+<DATE> 2-JUN-1987 12:19:05.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-africa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1712&#31;reute
+r f BC-AFRICAN-DEVELOPMENT-B   06-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFRICAN DEVELOPMENT BANK SEEKS COFFEE COOPERATION</TITLE>
+<DATELINE>    ABIDJAN, June 2 - </DATELINE><BODY>The African Development Bank (ADB) is
+seeking a broad-based cooperation agreement with the 25-member
+Inter African Coffee Organisation (IACO), based in Abidjan.
+    ADB secretary general Koffi Dei-Anang told a news
+conference he hoped the bank's governors would approve such an
+agreement at the ADB annual general meeting next week in Cairo.
+The bank is seeking cooperative agreements with various
+international organisations including IACO, he said.
+    Dei-Anang said the ADB and IACO could cooperate on all
+fronts and an exchange of information would enable them to
+identify areas where the bank might help the coffee industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7556" NEWID="18111">
+<DATE> 2-JUN-1987 12:19:36.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1716&#31;reute
+r f BC-STEWART-&lt;STEW.O>-SELL   06-02 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEWART &lt;STEW.O> SELLS PLANT TO SARA LEE &lt;SLE></TITLE>
+<DATELINE>    NORFOLK, Va., June 2 - </DATELINE><BODY>Stewart Sandwiches Inc said it has
+sold its coffee roasting plant to Sara Lee Corp's Superior
+Coffee and Foods subsidiary for undisclosed terms.
+    The company said Superior will become the exclusive packer
+of Squire labeled coffee products, which are marketed by
+Stewart, and Stewart will provide equipment, service and
+distribution suppoort for some Superior coffee accounts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7557" NEWID="18112">
+<DATE> 2-JUN-1987 12:19:52.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f1718&#31;reute
+r f BC-TANDY-&lt;TAN>-DEBT-MAY   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDY &lt;TAN> DEBT MAY BE UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may upgrade Tandy Corp's 175 mln dlrs of long-term debt.
+    The agency said the review would focus on Tandy's capacity
+to sustain its current earnings recovery and on the company's
+ability to further improve its cash flow performance by greater
+operating efficiencies.
+    Moody's said it would also evaluate Tandy's capital
+structure. That structure has changed significantly as a result
+of the retirement of about 250 mln dlrs of debt in the past
+year. Under review are Tandy's A-3 senior debt and Baa-1
+subordinated debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7558" NEWID="18113">
+<DATE> 2-JUN-1987 12:20:14.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1721&#31;reute
+r f BC-GATEWAY-&lt;GWAY.O>-CUTS   06-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATEWAY &lt;GWAY.O> CUTS ADAPTER CARD COST 25 PCT</TITLE>
+<DATELINE>    IRVINE, Calif., June 2 - </DATELINE><BODY>Gateway Communications Inc said it
+reduced the price of its G/NET network adapter card 25 pct to
+395 dlrs from 525 dlrs.
+    Gateway said the local area network (LAN) market has become
+very popular in the computer industry, and said LAN suppliers
+are finding end users more receptive to and demanding of LAN
+technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7559" NEWID="18114">
+<DATE> 2-JUN-1987 12:20:18.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1722&#31;reute
+d f BC-SECURITY-BANCORP-&lt;SEC   06-02 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY BANCORP &lt;SECB.O> MERGES TWO UNITS</TITLE>
+<DATELINE>    SOUTHGATE, Mich., June 2 - </DATELINE><BODY>Security Bancorp Inc said it has
+merged its Security Bank of Almont unit into its Security Bank
+Northeast unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7560" NEWID="18115">
+<DATE> 2-JUN-1987 12:20:23.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1723&#31;reute
+d f BC-LOPAT-INDUSTRIES-&lt;LPA   06-02 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOPAT INDUSTRIES &lt;LPAT.O> HAS PROFITABLE MONTH</TITLE>
+<DATELINE>    WANAMASSA, N.J., June 2 - </DATELINE><BODY>Lopat Industries Inc said it had
+its first profitable month of operations in May, earning 47,900
+dlrs on revenues of 162,200 dlrs.
+    Lopat said "The May results signal the start of profitable
+operations and growing revenues over the balance of the year."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7561" NEWID="18116">
+<DATE> 2-JUN-1987 12:20:57.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1727&#31;reute
+d f BC-SPARTECH-&lt;SPTN.O>-MAY   06-02 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPARTECH &lt;SPTN.O> MAY BUY 10 PCT OF ITS STOCK</TITLE>
+<DATELINE>    ST. LOUIS, June 2 - </DATELINE><BODY>Spartech Corp said it will repurchase
+up to 10 pct of its 2.6 mln common shares outstanding.
+    The company said it believes the common stock is
+undervalued at current prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7562" NEWID="18117">
+<DATE> 2-JUN-1987 12:21:13.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1729&#31;reute
+u f BC-G-AND-W-&lt;GW>-NAMES-PE   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G AND W &lt;GW> NAMES PENNZOIL'S LIEDTKE TO BOARD</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Gulf and Western Inc said it named
+Pennzoil Co &lt;PZL> chairman and chief executive officer J. Hugh
+Liedtke to its board, expanding the number of directors from 14
+to 15.
+    It is the first outside board appointment for Liedtke,
+whose company is involved in a 10.3 billion dlr legal dispute
+with Texaco Inc &lt;TX>.
+    "Mr Liedtke is an outstanding addition to our board," said
+Gulf and Western chairman Martin Davis. "He has demonstated
+broad business judgment and insight in directing the success of
+his company and we look forward to his advice and counsel."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7563" NEWID="18118">
+<DATE> 2-JUN-1987 12:21:18.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1730&#31;reute
+d f BC-IMMUNOMEDICS-&lt;IMMU.O>   06-02 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMMUNOMEDICS &lt;IMMU.O> HAS NEW LINKER TECHNOLOGY</TITLE>
+<DATELINE>    NEWARK, N.J., June 2 - </DATELINE><BODY>Immunomedics Inc said it has
+developed a technology that makes it possible to join chemical
+molecules to antibodies in a more selective manner than now
+possible.
+    It said it has filed a patent application, which is
+expected to be issued shortly as a patent for the technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7564" NEWID="18119">
+<DATE> 2-JUN-1987 12:21:24.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1731&#31;reute
+d f BC-WHARF-RESOURCES-&lt;WFRA   06-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHARF RESOURCES &lt;WFRA.O> SETS DEAL WITH NEVARD</TITLE>
+<DATELINE>    CALGARY, Alberta, June 2 - </DATELINE><BODY>Wharf Resources Ltd said it has
+reached a verbal agreement with &lt;Nevada Packard> for a joint
+venture to explore, evaluate and produce the Nevada precious
+metal property near Lovelock, Nev.
+    Wharf said it wil receive an exclusive option to update an
+existing feasibility study and evaluate a production decision.
+    Subject to completion of necessary documentation, Wharf
+said it expects work on the Nevada property to begin
+immediately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7565" NEWID="18120">
+<DATE> 2-JUN-1987 12:21:29.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1732&#31;reute
+d f BC-AEP-INDUSTRIES-INC-&lt;A   06-02 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEP INDUSTRIES INC &lt;AEPI.O> 2ND QTR APRIL 30</TITLE>
+<DATELINE>    MOONACHIE, N.J., June 2 -
+    </DATELINE><BODY>Shr 21 cts vs 11 cts
+    Net 638,000 vs 340,000
+    Sales 16.9 mln vs 14.7 mln
+    Avg shrs 3,007,048 vs 3,006,250
+    1st half
+    Shr 41 cts vs 41 cts
+    Net 1,224,000 vs 1,142,000
+    Sales 31.1 mln vs 29.8 mln
+    Avg shrs 3,006,704 vs 2,757,631
+    NOTE: Current year net both periods includes nonrecurring
+gain 213,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7566" NEWID="18121">
+<DATE> 2-JUN-1987 12:21:35.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1734&#31;reute
+d f BC-HADRON-&lt;HDRN.O>-GETS   06-02 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HADRON &lt;HDRN.O> GETS CUSTOMS SERVICE CONTRACT</TITLE>
+<DATELINE>    FAIRFAX, Va., June 2 - </DATELINE><BODY>Hadron Inc said it has received a
+three-year one mln dlr contract from the U.S. Customs Service
+to provide technical and managerial support to Customs'
+research and development division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7567" NEWID="18122">
+<DATE> 2-JUN-1987 12:21:38.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1735&#31;reute
+s f BC-MFS-MULTIMARKET-INCOM   06-02 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MFS MULTIMARKET INCOME TRUST SETS DIVIDEND</TITLE>
+<DATELINE>    BOSTON, June 2 -
+    </DATELINE><BODY>Mthly div 10-1/4 cts vs 10-1/4 cts prior
+    Pay June 26
+    Record June 12
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7568" NEWID="18123">
+<DATE> 2-JUN-1987 12:21:43.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1736&#31;reute
+s f BC-JIM-WALTER-CORP-&lt;JWC>   06-02 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JIM WALTER CORP &lt;JWC> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    TAMPA, Fla., June 2 -
+    </DATELINE><BODY>Qtrly 35 cts vs 35 cts
+    Pay July One
+    Record June 15
+    Note: payment is based on pre- five-for-four stock split
+basis, which is to be distributed July 12 to stockholders of
+record June 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7569" NEWID="18124">
+<DATE> 2-JUN-1987 12:21:46.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1737&#31;reute
+s f BC-HUDSON-GENERAL-CORP-&lt;   06-02 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUDSON GENERAL CORP &lt;HGC> SETS DIVIDEND</TITLE>
+<DATELINE>    GREAT NECK, N.Y., June 2 -
+    </DATELINE><BODY>Semi div 20 cts vs 20 cts prior
+    Pay July One
+    Record June 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7570" NEWID="18125">
+<DATE> 2-JUN-1987 12:21:51.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1738&#31;reute
+s f BC-GULF-AND-WESTERN-INC   06-02 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF AND WESTERN INC &lt;GW> SETS QUARTERLY PAYOUT</TITLE>
+<DATELINE>    NEW YORK, June 2 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts
+    Pay July one
+    Record June 12
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7571" NEWID="18126">
+<DATE> 2-JUN-1987 12:28:13.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1761&#31;reute
+u f BC-ITALIAN-ECONOMISTS-RE   06-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN ECONOMISTS REGRET VOLCKER DECISION</TITLE>
+<DATELINE>    ROME, June 2 - </DATELINE><BODY>Leading Italian economists said they
+regretted Paul Volcker's decision not to serve another term as
+chairman of the Federal Reserve Board.
+    Luigi Spaventa, Professor of Economics at Rome University,
+told Reuters he thought the decision was a great loss to the
+world's financial markets.
+    "He (Volcker) was an element of reliability and stability
+around world financial markets, a man of great experience,
+balance and equilibrium," Spaventa said.
+    Spaventa said it was difficult to gauge immediately what
+Volcker's decision might mean for the dollar, but he noted that
+the markets seemed to like Volcker.
+     Mario Monti, Director of the Institute of Economics at
+Milan's Bocconi University, told Reuters that "whoever succeeds
+Volcker would face a formidable task because no central banker
+has ever given such credibility to monetary policy and fighting
+inflation."
+    Monti said Alan Greenspan, who has been nominated to take
+over from Volcker, was likely to pursue "a rigorous monetary
+policy to demonstrate to the markets that there will be no loss
+of credibility."
+    Officials at the Bank of Italy and the Italian Treasury had
+no comment on Volcker's decision.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7572" NEWID="18127">
+<DATE> 2-JUN-1987 12:29:20.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1764&#31;reute
+u f BC-TRACOR-&lt;TRR>-SEES-BET   06-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRACOR &lt;TRR> SEES BETTER YEAR</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Tracor Inc chief executive officer Frank
+McBee said 1987 earnings will be signficantly better than the
+18.8 mln dlrs, or 97 cts per share, achieved in 1986.
+    McBee told Reuters before an analysts meeting that he was
+comfortable with estimates by some analysts' that per share
+earnings will rise to 1.55 dlrs to 1.60 dlrs per share in 1987.
+    He said also results in the second quarter ending June 30
+should be ahead of last year. First quarter net income fell 7.3
+mln dlrs, or 37 cts per share, from 7.4 mln dlrs, or 38 cts per
+share, a year ago.
+   
+    Chief operating officer Bud Baird said Tracor expects to
+announce several contracts in the second quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7573" NEWID="18128">
+<DATE> 2-JUN-1987 12:31:20.57</DATE>
+<TOPICS><D>ship</D><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1776&#31;reute
+u f BC-TIGHT-FAR-EAST-FREIGH   06-02 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIGHT FAR EAST FREIGHT SPACE HITS SUGAR MARKET</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The Far Eastern sugar market is being hit
+by a tightening in available nearby freight space needed to
+move raw sugar to various destinations, notably from Thailand,
+traders said.
+    This has resulted in a hardening of freight rates in those
+areas. These are now being quoted between 12.5 and 17.5 dlrs a
+tonne per day, depending on shipment and destination, against
+recent fixings below 12 dlrs a tonne.
+    Charterers are considering combining contracted shipments
+because of inadequate space, shipping sources said, noting 13
+raws cargoes are awaiting shipment from various ports.
+    A cargo of Thai raw sugar was reported traded at basis July
+New York futures less 25 points for June/July 15 shipment,
+traders said. But others said this was old business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7574" NEWID="18129">
+<DATE> 2-JUN-1987 12:32:25.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1779&#31;reute
+u f AM-AIDS   06-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AZT SUPRESSES DISEASES BESIDES AIDS, RESEARCHERS</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Scientists reported that AZT, a
+compound found useful in fighting AIDS, can also suppress a
+wide range of diseases, including certain types of leukemia.
+      A paper on AZT, presented at the Third International
+Conference on Acquired Immune Deficiency Syndrome by Cancer
+Institute researcher Hiroaki Mitsuya, said, "we now report that
+the dideoxynucleosides, including AZT, can suppress a wide
+range of human and animal retroviruses in vitro (in test
+tubes)."
+     Among those he cited were human T-cell leukemia virus-I
+which causes a number of diseases including leukemia,
+immunodeficiencies and neuorological disorders. AIDS is caused
+by a retrovirus.
+    AZT is made by Burroughs Wellcome Co, the U.S. subsidiary
+of the British Wellcome Plc &lt;WELL.L>.
+    Mitsuya is a member of a team of American and Japanese
+researchers at the National Cancer Institute that made the
+original discovery last year that AZT prolonged the life of
+dying AIDS patients.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7575" NEWID="18130">
+<DATE> 2-JUN-1987 12:36:21.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1807&#31;reute
+b f BC-/U.S.-SPEAKER-FEARS-H   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SPEAKER FEARS HIGHER RATES UNDER GREENSPAN</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>U.S. House Speaker Jim Wright said he
+was concerned that the appointment of Alan Greenspan to succeed
+Paul Volcker at the Federal Reserve Board would mean interest
+rates would rise.
+    Speaking to reporters, the Texas Democrat said that based
+of Greenspan's tenure as chairman of President Nixon's Council
+of Economic Advisers his policies would mean higher rates.
+    "His previous service indicates the kind of economic
+policies based on the trickle down theory rather than the
+percolate up theory. This theory tends to higher interest
+rates," Wright said.
+    Wright told reporters he would not have chosen Greenspan to
+head the Fed, but he declined to name his preference. "It would
+be someone whose primary interest is in keeping interest rates
+low. That is the national interest," he said.
+    His main concern was that high interest rates have slowed
+economic growth and held down the number of new jobs. The
+United States needs "to reduce the level of interest rates so
+this economy can get oxygen and breathe," Wright said.
+    Wright said he had not talked with Greenspan about the
+appointment.
+    Asked to rate Volcker's tenure, he replied, "Long."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7576" NEWID="18131">
+<DATE> 2-JUN-1987 12:38:28.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1820&#31;reute
+r f BC-U.K.-MERCHANT-BANKS-T   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. MERCHANT BANKS TO JOIN TOKYO EXCHANGE IN 1988</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>Chancellor of the Exchequer Nigel Lawson
+said satisfactory progress has been made in talks with Japan
+that would lead to membership of the Tokyo Stock Exchange for
+three British merchant banks next year.
+    Following weekend talks here between Japanese and British
+officials Lawson told reporters "we have achieved our objective."
+    The three applicants, &lt;Baring Brothers and Co Ltd>,
+&lt;J.Henry Wagg and Co Ltd> and Kleinwort Benson Lonsdale Plc
+&lt;KSLL.L>, would join "when the Stock Exchange has been extended,"
+he said.
+    The TSE has said this will be completed in May 1988. It has
+repeatedly said it cannot accommodate any new members until
+then because of limited space on its trading floor.
+    During a visit to Tokyo in April, U.K. Corporate Affairs
+Minister Michael Howard presented Japanese officials with what
+he called a non-negotiable timetable for granting the three
+British securities companies TSE membership.
+    Howard said Britain expected a favourable response at last
+weekend's meeting and wanted the firms to be made members
+before next May. If Tokyo failed to act, Britain was ready to
+retaliate against Japanese financial groups in London, he
+added.
+    Last month the Tokyo Stock Exchange announced plans to set
+up a special committee to study the membership question.
+    The committee is due to produce a report by the autumn.
+This would allow the TSE to announce formally by the end of the
+year who will be granted membership, although the companies
+chosen would not be able to start trading until May.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7577" NEWID="18132">
+<DATE> 2-JUN-1987 12:39:19.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1824&#31;reute
+u f BC-STOLTENBERG-PRAISES-F   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG PRAISES FED'S VOLCKER</TITLE>
+<DATELINE>    BONN, June 2 - </DATELINE><BODY>Finance Minster Gerhard Stoltenberg praised
+the excellent leadership of Federal Reserve Board Chairman Paul
+Volcker whom the White House said will not be standing for a
+third term when his current period in office expires.
+    "Paul Volcker will go down in U.S. History as one of the
+important chairmen of the Federal Reserve Board. By his
+excellent leadership he has also won our great respect,"
+Stoltenberg said in a Finance Ministry statement.
+    The minister described Volcker's successor, economist Alan
+Greenspan, as an experienced and capable man and wished him all
+the best in his new role.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7578" NEWID="18133">
+<DATE> 2-JUN-1987 12:40:14.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f1830&#31;reute
+u f BC-MOODY'S-UPGRADES-BELL   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S UPGRADES BELL ATLANTIC'S &lt;BEL> N.J. BELL</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Moody's Investors Service Inc said it
+raised to Aaa from Aa-1 about 1.4 billion dlrs of senior
+unsecured debentures of New Jersey Bell Telephone Co, a unit of
+Bell Atlantic Corp.
+    The agency said it believes that New Jersey Bell will
+sustain strong earnings and interest coverage. The company
+should continue to benefit from constructive regulatory
+treatment as well as from the state's healthy economy.
+    Moody's noted that the unemployment rate in New Jersey is
+among the lowest in the country. The state is moving rapidly to
+a higher growth, service industry based economy, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7579" NEWID="18134">
+<DATE> 2-JUN-1987 12:40:24.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1832&#31;reute
+u f BC-HF-AHMANSON-&lt;AHM>-EST   06-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HF AHMANSON &lt;AHM> ESTIMATES CUT BY GOLDMAN SACHS</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>The stock of HF Ahmanson and Co fell
+sharply after analyst Robert Hottensen of Goldman Sachs and Co
+cut his earnings estimates of the savings and loan, traders
+said.
+    Ahmanson's stock fell 1-1/8 to 20-1/8 in active trading.
+    Hottensen was unavailable for comment, but a spokeswoman
+for Goldman Sachs said the reason for the reduction in earnings
+estimates is the decline in demand for mortgage loans as
+interest rates move higher. Mortgage rates moved to double
+digits in april for the first time since last summer.
+    The Goldman spokeswoman said that sales of adjustable rate
+mortgages was a significant factor in Hottensen's original
+earnings estimates.
+    Last year, when the company's net income was 3.22 dlrs a
+share, Ahmanson generated more than half of its 541 mln dlrs of
+pretax income from gains on loan sales, the spokeswoman said.
+    She said the reduction in earnings estimates to 2.60 dlrs a
+share in 1987 from a previous estimate of 3.30 dlrs, reflects
+less optimism with the mortgage loan environment.
+    In the present environment for mortgages, the spokeswoman
+said, Ahmanson's second quarter earnings should drop to 45 cts
+a share from last year's 80 cts a share.
+    Hottnesen expects the savings and loan to earn between 2.90
+dlrs and 3.10 dlrs a share in 1988. he had previously estimated
+earnings of 3.30 dlrs a share in 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7580" NEWID="18135">
+<DATE> 2-JUN-1987 12:44:15.26</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1848&#31;reute
+r f BC-NCNB-&lt;NCB>-TO-MERGE-W   06-02 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NCNB &lt;NCB> TO MERGE WITH (CENTRABANK)</TITLE>
+<DATELINE>    CHARLOTTE, N.C., June 2 - </DATELINE><BODY>NCNB Corp said the board of
+governors of the Federal Reserve System approved its
+application to merge with (CentraBank Inc) of Baltimore,
+expected to be completed July 1.
+    The company said the board's approval included the
+dismissal of a protest by the Baltimore-based Maryland Alliance
+for Responsible Investing against NCNB's performance under the
+Community Reinvestment Act.
+   
+    The company said Maryland Alliance wanted the merger
+blocked on the grounds that NCNB inadequately served the credit
+and financial needs of low-income and minority communities in
+its markets.
+    The company said it denied the claim.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7581" NEWID="18136">
+<DATE> 2-JUN-1987 12:45:17.75</DATE>
+<TOPICS><D>money-fx</D><D>sfr</D><D>dmk</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1851&#31;reute
+u f BC-LEUTWILER-WANTS-FIRME   06-02 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEUTWILER WANTS FIRMER MARK AGAINST SFR</TITLE>
+<DATELINE>    BADEN, Switzerland, June 2 - </DATELINE><BODY>Fritz Leutwiler, chairman of
+BBC AG Brown Boveri und Cie and a former Swiss National Bank
+president, urged the National Bank to declare its intent of
+achieving a rising rate for the mark against the Swiss franc.
+    In a speech to shareholders, Leutwiler said, "A gradually
+rising rate for the mark in relation to the franc would be
+desirable from the standpoint of industrial exports and with
+regard to sustaining Swiss industry."
+    "Simply an appropriate declaration of intent by our bank of
+issue (Swiss National Bank) could have a positive effect," he
+said.
+    Leutwiler, who served 10 years as head of the Swiss central
+bank, said such a step would not contradict the National Bank's
+target of monetary stability.
+    "Bringing the franc close to the mark would, of course, have
+to be done step by step under the watchful eye of monetary
+policy," he told shareholders. "Realistically there is in fact no
+persuasive reason why the German currency is quoted almost 20
+pct lower than the Swiss."
+    A National Bank spokesman said the relation of the mark and
+Swiss franc was an example of stable currency parities over a
+long period of time.
+    The spokesman said exchange rates were made by the market,
+not the central bank, and it would be impossible to influence
+individual parities separately.
+    Leutwiler said the Swiss National Bank could not support
+the value of the dollar, even in conjunction with other central
+banks, without putting monetary stability in jeopardy.
+    "I would be the last to recommend that. The key to a
+stronger dollar lies in the United States itself," Leutwiler
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7582" NEWID="18137">
+<DATE> 2-JUN-1987 12:53:18.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1874&#31;reute
+r f BC-TENNECO-&lt;TGT>-UNIT-ST   06-02 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENNECO &lt;TGT> UNIT STARTS SERVING PPG &lt;PPG></TITLE>
+<DATELINE>    HOUSTON, June 2 - </DATELINE><BODY>Tenneco Inc said its Tenngasco Corp
+subsidiary has started delivering up to 40 mln cubic feet per
+day of natural gas to PPG Industries Inc in Lake Charles,
+Louisiana, under a 10-year firm supply contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7583" NEWID="18138">
+<DATE> 2-JUN-1987 12:54:07.02</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1875&#31;reute
+u f BC-SPECTRA-PHYSICS   06-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPECTRA-PHYSICS &lt;SPY> MULLS SALE, RESTRUCTURE</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Spectra-Physics Inc said it is
+considering the possibility of recapitalizing, restructuring,
+or seeking a buyer for the company following its rejection of
+an unsolicitied 32 dlr a share bid from Ciba-Geigy Corp.
+    In a filing with the Securities and Exchange Commission,
+the San Jose, Calif., gas lasers and accessories company also
+said its board Sunday agreed to a plan that gives 52 top
+executives bonuses ranging from 20 to 50 pct of their base
+salary if they stay with the company through August 29.
+    In rejecting the takeover proposal by the U.S. subsidiary
+of Swiss-based Ciba-Geigy AG, the company said it was unfair.
+    The Spectra-Physics board voted unanimously, with two
+Ciba-Geigy representatives not participating, to reject the
+Swiss-based chemical and pharmaceutical company's takeover bid,
+citing an opinion from its financial advsior, Morgan Stanley
+and Co Inc, that it is "inadequate and unfair from a financial
+point of view to the holders of shares," the company said.
+    The board also authorized a special committee and Morgan
+Stanley to "vigorously investigate, pursue and authorize any
+alternatives which would maximize the value of shareholders'
+investment in the company," the company said.
+    Among the alternatives the special committee will consider
+are a sale of the company to a third party for more than 32
+dlrs a share, a recapitalization or restructuring, including
+self tender offers and/or asset dispositions through the use of
+dividends, Spectra-Physics said.
+    The "retention plan" for the 52 top officers will pay an
+average bonus percentage of 28 pct of salary, it said.
+    Spectra-Physics said its board approved the plan "in order
+to encourage key operating personnel to remain with the company
+during the period of turmoil and uncertainty engendered by the
+(Ciba-Geigy) offer."
+    Under the plan, the executives would be entitled to their
+cash bonuses if they stay with the company through August 29,
+but could receive them earlier if they are fired for reasons
+other than gross and willful misconduct, or if they leave the
+company because their salaries have been sharply cut.
+    Spectra-Physics also said it filed suit against Ciba-Geigy
+yesterday in U.S. District Court in Wilmington, Del., charging
+it with making a takeover bid that was false and misleading in
+violation of securities law and with violating the intent of
+July 9, 1985 standstill agreement.
+    Spectra-Physics said Ciba-Geigy indicated at the time of
+the standstill agreement that it would not make an unsolicited
+takeover proposal for the company and that the intent of the
+agreement was that Ciba-Geigy would not acquire more than 20
+pct of the company unless there was another takeover threat.
+    Ciba-Geigy was 18.8 pct of Spectra-Physics and Reliance
+Group Holdings &lt;REL>, which is controlled by New York investor
+Saul Steinberg, controls 12.8 pct.
+    Spectra-Physics said the agreement prevents Ciba-Geigy from
+raising its stake beyond 20 pct through Jan 1, 1992, unless
+another person get more than 10 pct of its voting power.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7584" NEWID="18139">
+<DATE> 2-JUN-1987 12:55:24.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1878&#31;reute
+r f BC-MAGMA-&lt;MGMA.O>-ENDS-T   06-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGMA &lt;MGMA.O> ENDS TALKS WITH SOCAL EDISON&lt;SCE></TITLE>
+<DATELINE>    SAN DIEGO, June 2 - </DATELINE><BODY>Magma Power Co said it has discontinued
+talks on joint ownership of its new Niland geothermal power
+plants in the Imperial Valley of California with Southern
+California Edison Co.
+    The company said it has retained J.P. Morgan and Co &lt;JPM>
+to act as financial advisor in arranging equity and debt
+financing for its new geothermal plants in the Imperial Valley.
+    It said the moves should bring significant financial
+benefits to shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7585" NEWID="18140">
+<DATE> 2-JUN-1987 12:57:55.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1886&#31;reute
+r f BC-KROGER-&lt;KR>-SAYS-UNIO   06-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KROGER &lt;KR> SAYS UNION REJECTS CONTRACT</TITLE>
+<DATELINE>    DENVER, June 2 - </DATELINE><BODY>Kroger Co's King Soopers Supermarkets unit
+said employees, members of the United Food and Commercial
+Workers Union, rejected its latest contract proposal by a 58
+pct to 42 pct margin.
+    The company said employees have been on strike since May 8,
+but it has kept the stores open and fully staffed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7586" NEWID="18141">
+<DATE> 2-JUN-1987 13:01:28.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1894&#31;reute
+r f BC-INTEGRATED-&lt;IGN>-UNIT   06-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED &lt;IGN> UNIT IN INITIAL OFFERING</TITLE>
+<DATELINE>    BELLPORT, N.Y., June 2 - </DATELINE><BODY>Integrated Generics Inc said its
+ANDA Development Corp subsidiary filed with the Securities and
+Exchange Commission for an initial offering of 600,000 units,
+with each consisting of one share of common stock and one
+common purchase warrant.
+    The company said the units will be offered on a "best
+efforts" all or none basis by S.J. Bayern and Co Inc and R.F.
+Lafferty and Co Inc.
+    It said each unit is expected to be offered at five dlrs.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7587" NEWID="18142">
+<DATE> 2-JUN-1987 13:04:50.80</DATE>
+<TOPICS><D>money-fx</D><D>interest</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f1913&#31;reute
+b f BC-/VOLCKER-DEPARTURE-RE   06-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER DEPARTURE REVIVES DLR, INFLATION FEARS</TITLE>
+<AUTHOR>    by Jeremy Solomons, Reuters</AUTHOR>
+<DATELINE>    New York, June 2 - </DATELINE><BODY>Paul Volcker's decision not to go for a
+third term as Federal Reserve Chairman and the nomination of
+Alan Greenspan to replace him have revived deep concerns about
+the U.S.' ability to prevent a further dollar decline and stem
+rising inflation, financial market analysts said.
+    Although Greenspan is known as a committed anti-inflation
+fighter in the Volcker mould, doubts are already surfacing in
+the U.S. financial markets as to whether he has enough
+political clout and monetary experience to wage a tough
+campaign against inflation over the next year or two.
+    "The critical issue is how (Greenspan) will deal with
+inflation," said Stephen Axilrod, Vice Chairman of Nikko
+Securities Co International Inc and former staff director for
+monetary and financial policy at the Fed.
+    "A lot of questions have been raised by Volcker's
+departure. Until Greenspan answers them, the markets will
+remain nervous," added Stephen Slifer, money market economist
+at Shearson Lehman Government Securities Inc.
+    This morning's announcement sent the dollar into a
+tailspin, which was halted only by concerted central bank
+intervention in the open currency market.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7588" NEWID="18143">
+<DATE> 2-JUN-1987 13:08:01.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f1932&#31;reute
+r f BC-AIR-CANADA-POSTS-TURN   06-02 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR CANADA POSTS TURNAROUND IN FIRST QUARTER</TITLE>
+<DATELINE>    MONTREAL, June 2 - </DATELINE><BODY>Air Canada, owned by the Canadian
+Government, said it recorded a net profit of 16.3 mln dlrs in
+the first quarter compared to a 36.3 mln dlr loss in the first
+quarter last year.
+    The company said the turnaround was due to improved
+passenger yields, reduced unit costs, and good control over
+capacity levels.
+    It said overall operating revenue rose eight pct compared
+to the year earlier level while total passenger revenue rose by
+nine pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7589" NEWID="18144">
+<DATE> 2-JUN-1987 13:09:01.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM
+&#22;&#22;&#1;f1935&#31;reute
+u f BC-ROYAL-BANK-(RY.TO)-RE   06-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL BANK (RY.TO) RECLASSIFIES BRAZIL LOANS</TITLE>
+<DATELINE>    MONTREAL, June 2 - </DATELINE><BODY>Royal Bank of Canada said it classified
+1.3 billion dlrs in medium and long-term loans to Brazil as
+non-accrual, leading to a seven pct drop in second quarter
+profit.
+    "The designation of these loans as non-accrual reduced the
+bank's earnings by about 22 mln dlrs after tax," chairman Allan
+Taylor said in a statement. "Without this reduction,
+second-quarter earnings would have been about 138 mln dlrs," a
+10 pct increase over last year's profit, Taylor said.
+    The bank earlier reported second quarter profit fell to
+116.2 mln dlrs from 125.1 mln dlrs a year ago.
+    The bank said domestic earnings rose to a record 125 mln
+dlrs in the second quarter, a 52 mln dlr increase from the year
+before, due to higher business volumes and securities gains as
+well as a better yield from its domestic non-accrual loan
+portfolio.
+    It said international operations reported a net after-tax
+loss of nine mln dlrs, compared with a 52 mln dlr profit last
+year. The decline largely reflects the impact of Brazil's
+suspended interest payments, which resulted in about a 40 mln
+dlr reduction in net interest income, Royal Bank said.
+    Royal Bank said it keeping its 1987 loan loss experience
+estimate unchanged from the last quarter at one billion dlrs.
+It said it is committed to building its general provision for
+loan losses to at least 20 pct of total outstanding loans to
+troubled sovereign borrowers by the end of 1989.
+    The bank said non-accrual loans totalled 3.3 billion dlrs
+at April 30--1.5 billion in domestic loans and 1.8 billion in
+international loans. Excluding the 1.3 billion dlrs in loans to
+Brazil, net non-accrual loans at the end of the second quarter
+declined 200 mln dlrs over the 1987 first quarter, it said.
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7590" NEWID="18145">
+<DATE>  2-JUN-1987 13:10:10.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1938&#31;reute
+r f BC-ATLANTIC-RICHFIELD-&lt;A   06-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC RICHFIELD &lt;ARC> UNIT BUYS TECHNOLOGY</TITLE>
+<DATELINE>    PHILADELPHIA, June 2 - </DATELINE><BODY>Atlantic Richfield Co said it has
+acquired exclusive worldwide rights to the methyl methacrylate
+technology of Texas Eastern Corp's Halcon SD Group affiliate
+for undisclosed terms.
+    The company said the technology will allow it to introduce
+a cleaner and more efficient way of making methyl methacrylate,
+a liquid monomer used to make resins for acrylic sheet,
+coatings, molded parts and products and plastic impact
+modifiers.
+    ARCO said it is reviewing options for commercialization of
+the technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7591" NEWID="18146">
+<DATE> 2-JUN-1987 13:14:28.41</DATE>
+<TOPICS><D>gas</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1956&#31;reute
+r f BC-SMALL-RISE-SEEN-IN-U.   06-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMALL RISE SEEN IN U.S. GASOLINE INVENTORIES</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>U.S. analysts expect the American
+Petroleum Institute's weekly report on oil inventories to show
+a slight build in U.S. stocks of gasoline for the week ended
+May 29, oil traders and analysts said.
+    While the consensus is for an increase, a few would not
+rule out the possibility of an decline. Traders said that
+barring any surprises in tonight's report, they expect the
+report to be neutral to bearish for oil prices.
+    Heating oil stocks are also likely to build and runs to be
+steady to slightly higher, which could add pressure on oil
+prices, the analysts said.
+    Crude oil was seen likely to build assuming imports
+continue at relatively high levels.
+    Analysts expect gasoline stocks to rise 500,000 to two mln
+barrels above the 234 mln reported for May 22.
+    Peter Beutel, oil analyst with Elders Futures inc, who
+looks for a build said, "We have had five weeks of gasoline
+demand at 7.3 mln bpd or more and it is likely to taper off to
+between 6.7-7.0 mln bpd, which should make stocks build. Demand
+would have to stay above 7.0 mln bpd to have a draw," he added.
+    Rising demand is why oil traders and analysts expect a draw
+in stocks of about of about one mln barrels.
+   
+    The U.S. Energy Information Administration in its latest
+report for the four weeks ending may 22 said that gasoline
+demand was up 4.4 pct to 7.3 mln bpd from the previous year.
+    But analysts said hopes of reduced stocks is likely to
+founder on increased runs in refineries, which could be up 0.3
+pct above May 22's 81.2 pct capacity operated.
+    Such an increase would raise runs about 100,000 bpd and add
+to U.S. stocks.
+    But some analysts said that refiners may have held refinery
+runs.
+    Heating oil stocks were also expected to build between
+700,000 barrels and one mln from the 96 mln barrel level
+reported last week, but a rise in distillate stocks was
+discounted as having a market impact at this time.
+    "A build is seasonal now and not out of line with last year,"
+one futures analyst said.
+    Analysts said they also expect crude oil stocks to build
+between 1.5 mln barrels and three mln from the 325 mln barrels
+reported by API for the week of may 22.
+    The consensus appears for about two mln barrels to be added
+to the nation's inventory.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7592" NEWID="18147">
+<DATE> 2-JUN-1987 13:14:37.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1957&#31;reute
+r f BC-(PIPER-AIRCRAFT)-RESU   06-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(PIPER AIRCRAFT) RESUMES OUTPUT OF SOME MODELS</TITLE>
+<DATELINE>    VERO BEACH, Fla., June 2 - </DATELINE><BODY>Privately-held Piper Aircraft
+Corp said it has decided to resume production of some Piper
+models that had faced suspension as soon as existing orders
+were filled.
+    The company said the decision to resume production
+reflected improved demand for Piper products mainly due to
+currency factors and reduced inventories.
+    It said it will immediately resume production of the
+PA-28-161 Warrior, PA-28-181 Archer, PA-28R Arrow, PA-28-236
+Dakota, PA-32 and PA-32R Saratoga and Pa-34 Seneca in numbers
+depending on market demand.
+   
+    The company said it will continue to make the PA-46 Mailbu
+and resume production of the Cheyenne IIIA and Pa-42-400
+Cheyenne late this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7593" NEWID="18148">
+<DATE> 2-JUN-1987 13:16:02.06</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>italy</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f1965&#31;reute
+r f BC-SHULTZ-WELCOMES-TOKYO   06-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ WELCOMES TOKYO ECONOMIC PACKAGE</TITLE>
+<DATELINE>    ROME, June 2 - </DATELINE><BODY>U.S. Secretary of State George Shultz said
+the 6,000 billion yen economic package announced by Tokyo last
+week went further than the U.S. Had expected.
+    But he said the U.S. Would not lift the selective economic
+sanctions it imposed on Japanese imports in April until Tokyo
+changed its sales policies concerning computer microchips.
+    Speaking in a televised news conference linking several
+European capitals, Shultz said it was heartening that the
+Japanese had confronted the problem of stimulating domestic and
+global demand.
+
+    "There is an even greater amount of stimulus than was
+originally thought," said Shultz, speaking from Washington.
+    "It is a lot more than nothing. It is more than was talked
+about when (Prime Minister Yasuhiro) Nakasone was here.
+    "It involves a major reduction in tax rates and we believe
+that getting the tax burden down is one way of stimulating the
+economy," he added.
+    But asked by Japanese reporters, also linked into the news
+conference, whether the positive reaction meant the U.S. Might
+decide at next week's Venice summit to lift its sanctions on
+some Japanese electronic goods, Shultz replied:
+    "These sanctions were undertaken on the basis of an
+agreement that had been reached between the United States and
+Japan on various sale practices and prices relating to the chip
+market.
+    "They will be lifted as the facts of change by Japan to the
+agreement that it made become evident."
+    He said U.S. Officials had only been able to monitor the
+situation for a month and that it was impossible to determine a
+trend on only one month's data.
+    The U.S. Imposed 100 pct import duties on personal
+computers, colour televisions and power tools, alleging that
+Japan had violated last September's bilateral agreement by
+selling computer chips at below fair market value.
+    Shultz said West Germany and other nations would also do
+well to look at what they could do to stimulate demand.
+    Asked whether the U.S. Could reasonably ask its allies to
+take action to stimulate the world economy without a bold
+American initiative to reduce the size of the federal budget
+deficit, Shultz said moves were already underway to tackle the
+problem.
+    He said by the end of the current fiscal year the deficit
+would probably be reduced by around 35 billion dlrs against
+last year, and that the budget being worked on this year would
+contain a major reduction.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7594" NEWID="18149">
+<DATE> 2-JUN-1987 13:22:34.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1990&#31;reute
+r f BC-CHAMPION-HOME-&lt;CHB>-S   06-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAMPION HOME &lt;CHB> SELLS TWO PROPERTIES</TITLE>
+<DATELINE>    DRYDEN, Mich., June 2 - </DATELINE><BODY>Champion Home Builders Inc said it
+sold the Commerce Meadows 600-site manufactured housing rental
+community in Commerce Township, Michigan, for a pre-tax gain of
+about 900,000 dlrs and the Heron Cay 610-site adult community
+in Vero Beach, Florida, for a nominal pre-tax gain.
+    The company said the sales proceeds will be partly used to
+reduce debt. It said it is shifting its focus away from the
+development of communities requiring significant equity and
+having lengthy projected life cycles.
+    The company also said along with local landowners and
+investors, it will acquire 33-acre tract Northtowne Meadows in
+the Toledo, Ohio, area for development into 160 home sites and
+three acres of commercial land.
+    Terms of the transactions and other parties involved were
+not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7595" NEWID="18150">
+<DATE> 2-JUN-1987 13:24:15.44</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1993&#31;reute
+r f BC-ACP-STATES-SAY-EC-OIL   06-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACP STATES SAY EC OILS TAX PLAN BREAKS ACCORDS</TITLE>
+<DATELINE>    BRUSSELS, June 2 - </DATELINE><BODY>Developing countries said the European
+Community (EC) would breach two international agreements if it
+went ahead with its plans for an oils and fats tax.
+    Ambassadors to the EC from African, Caribbean and Pacific
+(ACP) states told a press conference the tax would hit the
+exports of 26 ACP countries.
+    They said the EC failed to follow consultation procedures
+laid down in the Lome Convention which regulates relations
+between ACP states and the bloc for moves which could affect
+trade between the two sides.
+    They also said the EC would be in breach of an undertaking
+not to bring in new protectionist measures during the current
+Punta del Este round of world trade negotiations being held
+under GATT (General Agreement on Tariffs and Trade) auspices.
+    The EC Commission has proposed a tax of up to 330 European
+currency units (Ecus) a tonne on both imported and EC-produced
+vegetable and marine fats for human consumption, which could
+raise up to two billion Ecus a year.
+    EC farm ministers, who would have to approve such a tax,
+are split on the issue and are expected to decide it at a
+marathon meeting on EC farm prices beginning in Luxembourg on
+June 15.
+    Jamaican ambassador Leslie Wilson said ACP countries are
+convinced this would lead to EC industry substituting products
+made within the bloc for oil and fat imports. The ACP estimates
+this would result in a fall of 160 to 185 mln Ecus in its
+member country exports.
+    "We can't believe the EC would willingly take measures to
+undermine our countries, but such would be the impact of these
+measures," Wilson said.
+    The U.S. and Malaysia say their exports would also be hit
+by the proposed tax and they may take retaliatory action if it
+is approved.
+    Wilson said the ACP would take such steps only "as a very
+last resort," but added that the ACP is in touch with other
+countries which oppose the plan.
+    Wilson, who was chairing the news conference, made it clear
+Jamaica itself would not be hit by the tax as it does not
+export oils and fats.
+    Among the worst hit countries would be Ivory Coast,
+Senegal, Nigeria and Papua New Guinea, the ACP says.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7596" NEWID="18151">
+<DATE> 2-JUN-1987 13:24:42.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1995&#31;reute
+d f BC-SALOMON-&lt;SB>-ANNOUNCE   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON &lt;SB> ANNOUNCES GLOBAL STOCK INDEXES</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Salomon Brothers Inc announced formation
+of global stock indexes designed to make it easy for portfolio
+money managers to invest all over the world.
+    "This is a way to put money into the Pacific or Europe
+quickly," Laszlo Birinyi, Salomon vice president Laszlo Birinyi
+told a news conference.
+    The stock index products were developed in cooperation with
+the Frank Russell Co, a pension fund consulting firm.
+    Birinyi said he would not be surprised if exchanges create
+futures and options on the indexes. "Somebody will - If they
+don't, we will," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7597" NEWID="18152">
+<DATE> 2-JUN-1987 13:26:52.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2004&#31;reute
+u f BC-BURLINGTON-COAT-FACTO   06-02 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURLINGTON COAT FACTORY &lt;BCF> 2ND QTR NET</TITLE>
+<DATELINE>    BURLINGTON, N.J., June 2 - </DATELINE><BODY>quarter ended May 2
+    Shr 20 cts vs 17 cts
+    Net 2,319,000 vs 1,950,000
+    Sales 92.4 mln vs 72.2 mln
+    Six mths
+    Shr 1.60 dlrs vs 1.27 dlrs
+    Net 18.7 mln vs 14.8 mln
+    Sales 285.9 mln vs 227.1 mln
+    NOTE: Full name is Burlington Coat Factory Warehouse Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7598" NEWID="18153">
+<DATE> 2-JUN-1987 13:28:54.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2010&#31;reute
+r f BC-VALLEY-CAPITAL-&lt;VCCN.   06-02 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALLEY CAPITAL &lt;VCCN.O> IN NASDAQ EXPANSION</TITLE>
+<DATELINE>    LAS VEGAS, June 2 - </DATELINE><BODY>Valley Capital Corp said its common
+stock has been listed on NASDAQ's National Market System,
+effective today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7599" NEWID="18154">
+<DATE> 2-JUN-1987 13:30:39.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2012&#31;reute
+u f BC-GERMAN-OFFICIALS-HAVE   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN OFFICIALS HAVE NO COMMENT ON BAKER REMARK</TITLE>
+<DATELINE>    BONN, June 2 - </DATELINE><BODY>West German officials said they could make
+no comment on remarks by U.S. Treasury Secretary James Baker
+who said Group of Seven (G-7) finance ministers had agreed a
+new process for economic coordination.
+    At last year's G-7 summit in Tokyo, senior government
+officials were requested to make a study of how economic data
+could be better coordinated and the results of their work will
+be presented at next week's summit in Venice.
+    West Germany has said governments should not be obliged to
+take economic steps purely in reaction to economic data.
+    The U.S. Position on data coordination has been that
+governments should react accordingly when economic indicators
+fall short of expectations.
+    The West German stance on coordination of data, which has
+also been shared by the British government, has been a
+potential threat to a joint stance by the G-7 on this topic.
+    At a news conference in Washington, Baker would not be
+specific about what agreement had been reached on data
+coordination by the seven finance ministers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7600" NEWID="18155">
+<DATE> 2-JUN-1987 13:33:36.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2030&#31;reute
+r f BC-CML-GROUP-INC-&lt;CMLI.O   06-02 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CML GROUP INC &lt;CMLI.O> 3RD QTR NET</TITLE>
+<DATELINE>    ACTON, Mass., June 2 - </DATELINE><BODY>qtr ended May 2
+    Shr 29 cts vs 22 cts
+    Net 1,975,000 vs 1,403,000
+    Revs 68.1 mln vs 54.0 mln
+    Avg shrs 6,722,527 vs 6,597,492
+    Nine mths
+    Shr 1.17 dlrs vs 92 cts
+    Net 7,847,000 vs 6,017,000
+    Revs 209.7 mln vs 175.7 mln
+    Avg shrs 6,687,138 vs 6,549,197
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7601" NEWID="18156">
+<DATE> 2-JUN-1987 13:34:55.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2033&#31;reute
+u f BC-STERLING-BANCORP-&lt;STL   06-02 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING BANCORP &lt;STL>HAS NO COMMENT ON ACTIVITY</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>The New York Stock Exchange said
+Sterling Bancorp declined to comment on whether there are any
+corporate developments that would explain the unusual activity
+in its stock.
+    Sterling, whose stock is up 3/8 at 14-7/8, said its policy
+is not to comment on unusual market activity or rumors, the
+Exchange said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7602" NEWID="18157">
+<DATE> 2-JUN-1987 13:35:11.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2035&#31;reute
+r f BC-BALL-CORP-&lt;BLL>-COMPL   06-02 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALL CORP &lt;BLL> COMPLETES ACQUISITION OF VERAC</TITLE>
+<DATELINE>    MUNCIE, Ind., June 2 - </DATELINE><BODY>Ball Corp said it completed the
+acquisition of privately held Verac Inc.
+    Terms were not disclosed.
+    The company said the San Diego-based defense systems and
+software development company had sales of about 23 mln dlrs in
+1986 and will operate as part of Ball's technical products
+group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7603" NEWID="18158">
+<DATE> 2-JUN-1987 13:35:59.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2038&#31;reute
+d f BC-NODAWAY-VALLEY-CO-&lt;NV   06-02 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NODAWAY VALLEY CO &lt;NVCO.O> 1ST QTR NET</TITLE>
+<DATELINE>    CLARINDA, Iowa, June 2 - </DATELINE><BODY>qtr ended April 30
+    Shr seven cts vs 10 cts
+    Net 158,294 vs 234,829
+    Revs 8,727,242 vs 8,152,478
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7604" NEWID="18159">
+<DATE> 2-JUN-1987 13:36:37.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2040&#31;reute
+u f BC-UAW-CHIEF-DISPLEASED   06-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAW CHIEF DISPLEASED WITH GREENSPAN APPOINTMENT</TITLE>
+<DATELINE>    DETROIT, June 2 - </DATELINE><BODY>United Automobile Workers union president
+Owen Bieber said he was pleased Paul Volcker is leaving as
+chairman of the Federal Reserve Board but not encouraged at
+Alan Greenspan's nomination to succeed him.
+    "When you say Greenspan in now in view, that troubles me,"
+the UAW leader told reporters at a news conference.
+    Bieber, whose union has 1.1 mln members, said that with
+Greenspan heading the Fed, "I'm afraid it means a continuation
+of the same policies we've been on, which I don't think are the
+right policies."
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7605" NEWID="18160">
+<DATE> 2-JUN-1987 13:38:57.39</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A Y RM
+&#22;&#22;&#1;f2045&#31;reute
+r f AM-GULF-AMERICAN   06-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEED FOR BIGGER ALLIED FORCE IN GULF PLAYED DOWN</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Secretary of State George Shultz said
+today that a boost in allied forces in the Mideast Gulf was not
+vital to protect shipping against attack but that possible
+allied contributions should be examined.
+    Asked if he saw the need for a greater military presence by
+the allies in the gulf, Shultz told reporters, "Not necessarily,
+particularly, so."
+    But he said an adequate force was needed to deter attack
+and noted that the British and the French, as well as the
+United States, maintained naval contingents there.
+    "We have to look at things that others might do," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7606" NEWID="18161">
+<DATE> 2-JUN-1987 13:39:56.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A
+&#22;&#22;&#1;f2051&#31;reute
+r f BC-KEMP-PRAISES-GREENSPA   06-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEMP PRAISES GREENSPAN VIEWS ON MONETARY REFORM</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Rep. Jack Kemp, a conservative
+Republican from New York, praised Federal Reserve Board
+chairman-designate Alan Greenspan's calls for international
+monetary reform.
+    "Alan Greenspan has called for a fundamental reform of the
+international monetary system, which is long overdue. The
+challenge facing Mr Greenspan is to combine a commitment to
+monetary reform with a policy for economic growth," Kemp said in
+a statement.
+    However, Kemp said he was disappointed Fed vice-chairman
+Manuel Johnson was not to succeed Fed chief Paul Volcker.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7607" NEWID="18162">
+<DATE> 2-JUN-1987 13:41:08.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2054&#31;reute
+r f BC-CHICAGO-PACIFIC-&lt;CPAC   06-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO PACIFIC &lt;CPAC.O> SHOWS CONFIDENCE</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Chicago Pacific Corp said it could
+achieve the 1987 estimates of some analysts for a sharp
+increase in sales and in fully diluted per share earnings
+before extraordinary items in 1987.
+    The company said the estimates ranged from 3.10 dlrs to
+3.40 dlrs per share and sales of more than 1.35 billion dlrs.
+    It earned 2.30 dlrs per share in 1986 on sales of 954.9 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7608" NEWID="18163">
+<DATE> 2-JUN-1987 13:41:39.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2057&#31;reute
+u f BC-BALLADUR-UNDECIDED-ON   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR UNDECIDED ON FUTURE, SPOKESMAN SAYS</TITLE>
+<DATELINE>    PARIS, June 2 - </DATELINE><BODY>Finance Minister Edouard Balladur is
+undecided over his future in office after next Spring's
+presidential election, his spokesman said.
+    "He (Balladur) has taken no definitive decision about his
+activities in a year's time," his spokesman said in answer to a
+Reuters question.
+    He was responding to questions on a comment made by
+Balladur, a close political associate of right wing Prime
+Minister Jacques Chirac, in a radio interview.
+    Balladur told a Radio Monte Carlo interviewer "From next
+year I shall rediscover the freedom of private life."
+    France is due to hold a presidential election in April or
+May next year. Under the French political system, the prime
+minister and his cabinet tender their resignation to the
+incoming President, giving him freedom to appoint a new
+government.
+    Chirac, leader of a two-party coalition government is
+widely assumed to be a presidential candidate, while incumbent
+Socialist President Francois Mitterrand is tipped by most
+opinion polls to win if he decides to stand again.
+    Balladur's stringent economic policies have come under
+increasing criticism inside and outside the coalition parties
+in recent months as official statistics and forecasts have
+shown slowing growth prospects and rising inflation.
+    But the spokesman said Balladur was having no second
+thoughts about the direction of his policies. "The Minister of
+State (Balladur) has one current ambition, which is to achieve
+his mission of national economic recovery," he said.
+    "He refuses to prejudge the future a year from now."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7609" NEWID="18164">
+<DATE> 2-JUN-1987 13:49:18.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2080&#31;reute
+s f BC-TELERATE-INC-&lt;TLR>-SE   06-02 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELERATE INC &lt;TLR> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, June 2 -
+    </DATELINE><BODY>Qtly div 12 cts vs 12 cts prior
+    Pay June 26
+    Record June Five
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7610" NEWID="18165">
+<DATE> 2-JUN-1987 13:49:25.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2081&#31;reute
+s f BC-ZAYRE-CORP-&lt;ZY>-SETS   06-02 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAYRE CORP &lt;ZY> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., June 2 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay September three
+    Record August 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7611" NEWID="18166">
+<DATE> 2-JUN-1987 13:49:34.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2082&#31;reute
+d f BC-GAMMA-BIOLOGICALS-INC   06-02 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAMMA BIOLOGICALS INC &lt;GAMA.O> 4TH QTR MARCH 31</TITLE>
+<DATELINE>    HOUSTON, June 2 -
+    </DATELINE><BODY>Shr profit four cts vs loss 47 cts
+    Net profit 209,000 vs loss 2,164,000
+    Sales 4,849,000 vs 3,682,000
+    Year
+    Shr loss 10 cts vs loss 52 cts
+    Net loss 451,000 vs loss 2,378,000
+    Sales 18.0 mln vs 15.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7612" NEWID="18167">
+<DATE> 2-JUN-1987 13:49:43.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2083&#31;reute
+b f BC-/GREENSPAN-SEEN-AS-ST   06-02 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREENSPAN SEEN AS STRONG INFLATION FIGHTER</TITLE>
+<AUTHOR>    By Donna Smith, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Alan Greenspan, who has been nominated
+to replace Paul Volcker as Chairman of the Federal Reserve
+Board, is regarded by financial analysts as a conservative
+economist who will take a strong stand against inflation.
+    "He'll be a strong fighter against inflation," said Martin
+Regalia, director of research and economics at the National
+Council of Savings Institutions.
+    Greenspan has broad experience both in running his own
+private economic consulting firm - Townsend-Greenspan - and in
+government service. He was President Ford's top economic
+adviser, serving as chairman of the Council of Economic
+Advisers from September 1974 until January 1977.
+    During that time, inflation rising above 10 percent, a was
+a major political concern during Ford's administration.
+    "He's had a lot of experience with inflation, and as an
+inflation fighter," Richard Medley, partner with Smick-Medley
+and Associates, said of Greenspan. "He had that seared into his
+memory during that period," Medley added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7613" NEWID="18168">
+<DATE> 2-JUN-1987 13:50:06.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2086&#31;reute
+d f BC-PUTNAM-LAUNHCES-NEW-G   06-02 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUTNAM LAUNHCES NEW GLOBAL INCOME FUND</TITLE>
+<DATELINE>    BOSTON, June 2 - </DATELINE><BODY>Putnam Financial Services Inc said its
+newest fund offering, Putnam Global Governmental Income Trust,
+is among the few global funds with an investment objective of
+high current income through a portfolio of mainly government
+bonds.
+    Putnam claimed the trust allows investor money to go where
+the best yields are found worldwide, yet investors still have
+the assurance of governmental obligations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7614" NEWID="18169">
+<DATE> 2-JUN-1987 13:50:15.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2087&#31;reute
+d f BC-INTELLIGENT-&lt;INP>-UNI   06-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELLIGENT &lt;INP> UNIT INTRODUCES FAX PRODUCTS</TITLE>
+<DATELINE>    ATLANTA, June 2 - </DATELINE><BODY>Intelligent Systems Corp's Asher
+Technologies Inc said it introduced two facsimile products, a
+portable unit and an internal card for IBM personal computers
+and compatibles.
+    The JT facsimile products are designed for use with the IBM
+PC, XT, AT, or compatibles to send or receive group III
+transmissioins, the company said.
+    Asher said the new products eliminate printing out hard
+copies and manually sending each sheet to be transmitted.
+    The internal unit retails for 395 dlrs, while the portable
+unit sells for 495 dlrs, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7615" NEWID="18170">
+<DATE> 2-JUN-1987 13:50:21.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2088&#31;reute
+d f BC-BARNES-&lt;B>-UNIT-TO-CO   06-02 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARNES &lt;B> UNIT TO CONSTRUCT NEW PLANT</TITLE>
+<DATELINE>    BRISTOL, Conn., June 2 - </DATELINE><BODY>Barnes Group Inc said it will
+build a new 3.7 mn dlrs manufacturing plant in Saline, Mich.,
+to house its Associated Spriung unit's high-tech valve and
+torque converter clutch spring operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7616" NEWID="18171">
+<DATE> 2-JUN-1987 13:50:26.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2089&#31;reute
+d f BC-NEOTECH,-TEXAS-INSTRU   06-02 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEOTECH, TEXAS INSTRUMENTS &lt;TXN> IN VENTURE</TITLE>
+<DATELINE>    DALLAS, June 2 - </DATELINE><BODY>Neotech Industries Inc said it has formed
+a joint venture with Texas Instruments Inc to develop low-cost
+digital pressure measurement technologies.
+    The company said Texas Instruments will be cooperating with
+it on the development of application-specific integrated
+circuits for use in Neotech pressure measurement devices that
+are to be made in Britain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7617" NEWID="18172">
+<DATE> 2-JUN-1987 13:50:34.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2090&#31;reute
+d f BC-AMERICAN-STORES-&lt;ASC>   06-02 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN STORES &lt;ASC> UNIT ELECTS NEW CHAIRMAN </TITLE>
+<DATELINE>    WILMINGTON, Del., June 2 - </DATELINE><BODY>American Superstores Inc, a unit
+of American Stores Co &lt;ASC>, said it elected Jonathan Scott as
+chairman of the board and chief executive officer effective
+immediately.
+    Scott replaces Thomas Sunday, former chairman, who passed
+away May 25, the compnay said.
+    The food retailer chain said previously Scott served as
+vice chairman and chief executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7618" NEWID="18173">
+<DATE> 2-JUN-1987 13:50:47.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2091&#31;reute
+d f BC-ATT-&lt;T>-INTRODUCES-OV   06-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> INTRODUCES OVERVIEW SCANNER</TITLE>
+<DATELINE>    ATLANTA, June 2 - </DATELINE><BODY>American Telephone and Telegraph Co said
+it introduced its Overview Scanner that works in conjunction
+with a personal computer.
+    The company said the Overview Scanner lends itself to
+meeting environments where discussions call for the graphic to
+be pointed to or annotated.
+    The system works with any ATT PC 6300 series or
+MS-DOS-compatible personal computer, the company said.
+    The company said customers who have a personal computer
+could augment the system with the scanner for about 3,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7619" NEWID="18174">
+<DATE> 2-JUN-1987 13:50:53.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2092&#31;reute
+d f BC-BORMON-IN-FINAL-PHASE   06-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORMON IN FINAL PHASE OF BUILDING TRANSPORT</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Bromon Aircraft Co, which is privately
+held, said it is in the final design phase of a twin turboprop,
+and is scheduled to complete production of three prototype
+aircraft in the fall of 1988.
+    It also said it expects certification by the Federal
+Aviation Administration in 1988.
+    The turboprop, the BR-2000, can carry up to 46 passengers
+or up to six tons of cargo, according to the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7620" NEWID="18175">
+<DATE> 2-JUN-1987 13:51:03.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2093&#31;reute
+d f BC-ELECTROSOUND-&lt;ESG>-SA   06-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROSOUND &lt;ESG> SAYS OFFICIAL HAS RESIGNED</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., June 2 - </DATELINE><BODY>ElectroSound Group Inc said
+Richard Meixner has resigned as senior vice president of the
+company.
+    The company said they expect the board to appoint Robert
+Barone, presently president of Electro Sound Inc, a unit of
+ElectroSound Group, as vice president of operations for
+ElectroSound Group.
+    ElectroSound said Meixner left the company to explore
+opportunities with a private company in the recorded music
+industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7621" NEWID="18176">
+<DATE> 2-JUN-1987 13:51:34.43</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2095&#31;reute
+d f BC-SKYLINE-&lt;SKX.V>-EXPEC   06-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SKYLINE &lt;SKX.V> EXPECTS TO BEGIN MINE IN JULY</TITLE>
+<DATELINE>    VANCOUVER, June 2 - </DATELINE><BODY>Skyline Explorations Ltd said expects
+construction can begin next month on a gold mine at Johnny
+Mountain Camp, located 600 miles north of Vancouver.
+    The company said a contract has been let for a 200 to 400
+tons per day mill and the company is receiving cooperation from
+provincial and federal agencies on its stage one report,
+"approval in principal," which is required before actual
+construction can begin.
+    Skyline said it is optimistic the approval in principal
+will be received in late June, by which time it expects to have
+confirmed threshold tonnage and grade targets so construction
+can begin in July.
+   
+    Skyline said the 1987 exploration drift on 16 vien east at
+Johnny Mountain has advanced 320 feet. The vein is continuous,
+averaging four feet thick plus an altered mineralized hanging
+wall.
+    It said periodic face samples indicate an average grade of
+1.05 ounces per ton of ore ranging from a low of 0.78 ounce per
+ton to a high of 55.8 ounces per ton.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7622" NEWID="18177">
+<DATE> 2-JUN-1987 13:54:47.66</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>soy-meal</D><D>meal-feed</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2100&#31;reute
+u f BC-/SOYCOMPLEX-COULD-RAL   06-02 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOYCOMPLEX COULD RALLY ON TIGHT U.S. FEED SUPPLY</TITLE>
+<DATELINE>    CHICAGO, June 2 - </DATELINE><BODY>Nearby months in soybean and soymeal
+futures could post a short-term rally on tightening supply of
+livestock feed, even if favorable growing conditions keep the
+new crop outlook bearish, traders said.
+    "A lot of soymeal dealers are just getting very worried
+about where processors will get their soybeans this Summer,"
+one Illinois soyproduct dealer said.
+    Processors are competing vigorously with river dealers for
+the few soybeans being offered by country elevators, with a
+Decatur, Illinois processor raising its spot soybean basis bid
+another two cents today to 10 over July futures.
+    Farmer marketings of old crop soybeans continue very light,
+with flat prices apparently well below levels they are willing
+to sell, dealers said.
+    Some terminal elevator operators are coming to the belief
+that even if futures rally back to last month's highs, country
+movement may remain light because farmers in many areas are
+sold out of old crop soybeans, particularly in the eastern half
+of the Midwest.
+    Soybean processors will continue to take seasonal downtime
+for maintenance if soybeans remain difficult to buy, reducing
+the weekly soybean crush rate still further and keeping the
+spot soymeal basis strong, dealers said.
+    Futures traders said tight cash supplies should help July
+soybeans and soymeal gain on deferreds. July soymeal has
+already moved to a premium over the August through October
+months and old crop July/new crop November soybeans may also
+move to a July premium later this month, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7623" NEWID="18178">
+<DATE> 2-JUN-1987 13:55:23.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2104&#31;reute
+d f BC-MANOR-&lt;MNR>-UNIT-GETS   06-02 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANOR &lt;MNR> UNIT GETS RECORD FRANCHISE BIDS</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Manor Care Inc's Quality Inn
+International said it received more franchise applications in
+May than in any month in the chain's history.
+    Quality said it received 51 applications for the month.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7624" NEWID="18179">
+<DATE> 2-JUN-1987 13:56:14.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2106&#31;reute
+r f BC-ROBINSON-NUGENT-&lt;RNIC   06-02 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROBINSON NUGENT &lt;RNIC.O> PLANT HAS FIRE</TITLE>
+<DATELINE>    NEW ALBANY, Ind., June 2 - </DATELINE><BODY>Robinson Nugent Inc said a fire
+that started in the electroplating operation damaged its
+Delemont, Switzerland, plant.
+    The company said cleanup operations are in progress and it
+will serve customer requirments from other plants during the
+period of cleanup and equipment repair or replacement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7625" NEWID="18180">
+<DATE> 2-JUN-1987 13:56:20.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2107&#31;reute
+r f BC-LONDON-HOUSE-INC-&lt;LON   06-02 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON HOUSE INC &lt;LOND.O> YEAR APRIL 30 NET</TITLE>
+<DATELINE>    PARK RIDGE, ILL., June 2 - 
+    </DATELINE><BODY>Shr 33 cts vs 26 cts
+    Net 489,351 vs 430,143
+    Revs 6,961,091 vs 6,009,026
+    Avg shrs 1.5 mln vs 1.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7626" NEWID="18181">
+<DATE> 2-JUN-1987 13:56:59.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2109&#31;reute
+r f BC-MUNSON-TRANSPORTATION   06-02 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUNSON TRANSPORTATION POSTPONES INITIAL OFFERING</TITLE>
+<DATELINE>    MONMOUTH, Ill., June 2 - </DATELINE><BODY>Munson Transportation Inc said its
+proposed initial public offering has been postponed due to a
+recent weakness in the prices of comparable trucking stocks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7627" NEWID="18182">
+<DATE> 2-JUN-1987 14:00:12.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2117&#31;reute
+r f BC-DISTRIBUTED-LOGIC   06-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP HAS 5.2 PCT OF DISTRIBUTED LOGIC &lt;DLOG.O></TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>An investor group led by Technology
+Growth Fund Ltd, an Aspen, Colo., investment firm, said it has
+acquired 129,000 shares of Distributed Logic Corp, or 5.2 pct
+of the total, and may try to influence the company.
+    In a filing with the Securities and Exchange Commission,
+the group, which also includes individual investors and a
+non-profit foundation, said it bought the stake for 884,414
+dlrs as an investment in the Anaheim, Calif., company.
+    But it also said it is "investigating the possibility of
+seeking to influence the composition of the management" of the
+company and may increase its stake.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7628" NEWID="18183">
+<DATE> 2-JUN-1987 14:00:27.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A F
+&#22;&#22;&#1;f2118&#31;reute
+u f BC-GM-&lt;GM>-PRAISES-GREEN   06-02 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> PRAISES GREENSPAN APPOINTMENT</TITLE>
+<DATELINE>    DETROIT, June 2 - </DATELINE><BODY>General Motors Corp said in a corporate
+statement its executives can think of "no person better
+qualified" than Alan Greenspan to replace Paul Volcker as
+chairman of the Federal Reserve Board.
+    "Greenspan possesses great understanding of both the
+American and international economies and the interaction
+between them," the company said in a statement. "He also
+possesses enormous good judgement."
+    No other possible replacement for Paul Volcker would be
+more likely to have as steadying an influence on and be as well
+received by financial markets here and overseas as Alan
+Greenspan, it said.
+    GM also said the U.S. owes Volcker "a great debt of
+gratitiude" by wringing inflation out of the U.S. economy."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7629" NEWID="18184">
+<DATE> 2-JUN-1987 14:04:44.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F
+&#22;&#22;&#1;f2134&#31;reute
+r f BC-MOODY'S-SEES-MORE-LOS   06-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S SEES MORE LOSSES IN MORTGAGE INSURANCE</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Moody's Investors Service Inc said it is
+likely that large underwriting losses will persist in the
+mortgage insurance industry for at least the next two years.
+    In its annual report on the mortgage insurance industry,
+Moody's said that in 1986 incurred losses increased by 21 pct
+over the dismal record posted the year before.
+    Moody's said the underwriting losses mainly reflected major
+economic forces, structural complications and the risk makeup
+of the industry. The rating agency said that, while mortgage
+insurance industry risk remains high, slow improvement appears
+likely.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7630" NEWID="18185">
+<DATE> 2-JUN-1987 14:07:22.17</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>kaufman</D><D>greenspan</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2138&#31;reute
+u f BC-/KAUFMAN-SAYS-GREENSP   06-02 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAUFMAN SAYS GREENSPAN NOMINATION BAD FOR BONDS</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Henry Kaufman, managing director of
+Salomon Brothers Inc, said the nomination of economist Alan
+Greenspan to replace Federal Reserve Board Chairman Paul
+Volcker is bearish in the near term for the fixed income and
+currency markets.
+    "The basic direction of interest rates is not changed. The
+fundamental direction of interest rates continues to be upward,
+interrupted by intermittent rallies," Kaufman said in a
+statement. He said the implication for equity markets in
+neutral to bullish.
+    Kaufman said, "Unlike Paul Volcker, who entered the office
+of the Federal Reserve chairman with strong credibility both
+domestically and internationally, Mr Greenspan will have to
+demonstrate both his competence and policy independence before
+he can gain full confidence of the financial markets."
+    Greenspan is most knowledgeable on the behavior of the U.S.
+economy, while his professional skills in the international
+area are much more limited, Kaufman noted.
+    "Consequently, although he is well known abroad, his views
+on issues such as the Less Developed Country Debt may initially
+carry less weight than have those of Mr Volcker."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7631" NEWID="18186">
+<DATE> 2-JUN-1987 14:08:34.33</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f2140&#31;reute
+r f BC-/MAJOR-U.S.-PIPELINE   06-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR U.S. PIPELINE MAY BE CLOSED SEVERAL DAYS</TITLE>
+<AUTHOR>    By BERNICE NAPACH, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>The operator of a major U.S. crude oil
+pipeline, shutdown because of flood damage, said it may be
+several days before repairs are made and the system is
+functioning again.
+    Dan Stevens, manager of public and government affairs at
+Texaco Inc &lt;TX>, operator of the pipeline through its
+subsidiary Texaco Pipeline Co, said the company hopes repairs
+will begin in about five days and expects it to take several
+more days to complete.
+    "At this point we are lining up what we know we need, to get
+the job done," Stevens said, adding that the timing for repairs
+will depend on the damage to the pipeline which is difficult to
+assess because of flooding on the Red River.
+    The pipeline was shipping roughly 225,000 barrels of crude
+oil per day, or about 55 pct of its capacity during the 30 days
+preceding its shutdown on Saturday, Stevens said.
+    The pipeline was shut down from Cushing, Okla, to Witchita
+Falls, Kan, on Saturday due to an undetermined leak at the Red
+River crossing, near the Oklahoma/Texas border, because of
+severe rains, a spokesman for Texaco said.
+    Stevens said it was reasonable to suggest the pipeline
+could operate at full capacity when it reopens in order to make
+up for the shortfull but cautioned they will talk with
+customers to determine their requirements.
+    Oil analysts and traders said they were not sure if the 
+shutdown will continue to raise U.S. oil prices.
+    Monday, after Texaco confirmed that the pipeline had been
+closed, West Texas Intermediate crude in the spot market and on
+New York Mercantile Exchange's energy futures complex rose 20
+cts a barrel.
+    Stevens said it was reasonable to suggest the pipeline
+could operate at full capacity when it reopens in order to make
+up for the shortfull but cautioned they will talk with
+customers to determine their requirements.
+    Oil analysts and traders said they were not sure if the 
+shutdown will continue to raise U.S. oil prices.
+    Monday, after Texaco confirmed that the pipeline had been
+closed, West Texas Intermediate crude in the spot market and on
+New York Mercantile Exchange's energy futures complex rose 20
+cts a barrel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7632" NEWID="18187">
+<DATE> 2-JUN-1987 14:08:59.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2141&#31;reute
+r f BC-NETI-TECHNOLOGIES-&lt;NE   06-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NETI TECHNOLOGIES &lt;NETFC.O> SELLS SUBSIDIARY</TITLE>
+<DATELINE>    VANCOUVER, June 2 - </DATELINE><BODY>Neti Technologies Inc said it has sold
+for over four mln dlrs U.S. in cash, notes and the assumption
+of liabilities its Huron Leasing Inc subsidiary to a group of
+investors headed by a former Huron executive.
+    The company said the transaction will yield about two mln
+dlrs in cash, Huron sells, leases and services computer
+hardware.
+    The transaction is subject to approval by the Montreal and
+Vancouver Stock Exchange and the arrangement of financing by
+June 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7633" NEWID="18188">
+<DATE> 2-JUN-1987 14:09:08.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2142&#31;reute
+r f BC-PACIFICORP-&lt;PPW>-BUYS   06-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFICORP &lt;PPW> BUYS BUYS COMPUTER FIRM</TITLE>
+<DATELINE>    PORTLAND, June 2 - </DATELINE><BODY>PacifiCorp said it acquired Thomas
+Nationwide Computer Corp for 25 mln dlrs in cash and 15 mln
+dlrs in deferred consideration depending on the future
+performance of the company.
+    Thomas Nationwide leases and re-markets new and used
+International Business Machines Corp equipment, PacifiCorp
+said.
+    It said Thomas Nationwide will be combined with its Systems
+Leasing Corp unit in MacLean, Va.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7634" NEWID="18189">
+<DATE> 2-JUN-1987 14:09:16.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2143&#31;reute
+r f BC-K-TRON-&lt;KTII.O>-ELECT   06-02 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K-TRON &lt;KTII.O> ELECTS NEW PRESIDENT</TITLE>
+<DATELINE>    PITMAN, N.J., June 2 - </DATELINE><BODY>K-Tron International Inc said its
+board elected John C. Tucker president, filling a position that
+had been vacant since July 30, 1985.
+    Tucker joined K-Tron in 1981 as vice president, chief
+financial officer and treasurer. In 1986 he was promoted to
+executive vice president and chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7635" NEWID="18190">
+<DATE> 2-JUN-1987 14:09:34.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2144&#31;reute
+b f BC-******FNMA-SETS-8.55   06-02 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FNMA SETS 8.55 PCT, 9.20 PCT COUPONS ON 1.5 BILLION DEBT OFFER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7636" NEWID="18191">
+<DATE> 2-JUN-1987 14:09:42.51</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2145&#31;reute
+r f BC-FMC-CORP-&lt;FMC>-IN-PER   06-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FMC CORP &lt;FMC> IN PEROXIDE VENTURE</TITLE>
+<DATELINE>    PHILADELPHIA, June 2 - </DATELINE><BODY>FMC Corp said it has entered into an
+equally owned joint venture with Indo-Thai Synthetics called
+Thai Peroxide Co Ltd to build a hydrogen peroxide plant with an
+initial capacity of 5,000 metric tonnes of 100 pct peroxide
+north of Bangkok.
+    The company said the plant is expected to starft operating
+by the fourth quarter of 1988.  It said the venture received
+grants and incentives from the government of Thailand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7637" NEWID="18192">
+<DATE> 2-JUN-1987 14:09:48.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2146&#31;reute
+r f BC-ALTERNACARE-&lt;ALTN.O>   06-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALTERNACARE &lt;ALTN.O> CHAIRMAN STEPS DOWN</TITLE>
+<DATELINE>    LOS ANGELES, June 2 - </DATELINE><BODY>Alternacare Corp said Wallace Reed
+has stepped down from his duties as chairman of the board and
+has been named chairman emeritus.
+    Reed will continue to serve on its board, Alternacare said,
+adding, the company has no immediate plans to fill the
+position.
+    The company also said Reed was re-elected to its board
+along with president and chief executive Paul Dinkel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7638" NEWID="18193">
+<DATE> 2-JUN-1987 14:11:08.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2153&#31;reute
+r f BC-CONSOLIDATED-OIL-&lt;CGS   06-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED OIL &lt;CGS> WARRANTS PRICE UNCHANGED</TITLE>
+<DATELINE>    DENVER, June 2 - </DATELINE><BODY>Consolidated Oil and Gas Inc said the
+exercise price of its Oil Indexed Common Stock Purchase
+Warrants Series 1900 &lt;CGS.WS.P> will remain three dlrs a share
+for the six month period July one to December 31.
+    The warrant exercise price is based on the average price of
+West Texas Intermediate Crude Oil reported for the trading
+month of May. For the month, the average price was less than 20
+dlrs per barrel, the first index point above which there would
+be a change in the exercise price of the warrants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7639" NEWID="18194">
+<DATE> 2-JUN-1987 14:12:54.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2160&#31;reute
+r f BC-LAC-&lt;LAC>-REAFFIRMS-F   06-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAC &lt;LAC> REAFFIRMS FORECAST FOR HIGHER NET</TITLE>
+<DATELINE>    TORONTO, June 2 - </DATELINE><BODY>Lac Minerals Ltd reiterated it expected
+substantially higher 1987 profit and revenues than last year's
+earnings of 19.1 mln dlrs on 250.2 mln dlrs of revenues.
+    The 1986 results include the disputed Page-Williams mine at
+Hemlo, Ontario. A decision is imminent on Lac's appeal of a
+1986 Ontario court decision ordering Lac to hand over the mine
+to International Corona Resources Ltd &lt;ICR.TO>.
+    Lac chief executive Peter Allen told institutional
+investors that the anticipated stronger performance would come
+from strong operating results and an active revenue management
+program.
+   
+    Lac said year-to-date gold production excluding the
+disputed Page-Williams mine was 134,000 ounces, in line with
+targeted 1987 production of 300,000 ounces. It said it expected
+an average realized price of 450 U.S. dlrs an ounce in
+full-year 1987.
+    It said its outstanding forward contracts at May 29 were
+220,000 ounces of gold at average price of 439 U.S. dlrs an
+ounce, including 135,000 ounces maturing in 1987 at 482 U.S.
+dlrs an ounce.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7640" NEWID="18195">
+<DATE> 2-JUN-1987 14:13:38.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2164&#31;reute
+d f BC-DISC-&lt;DSTC.O>-GETS-OR   06-02 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DISC &lt;DSTC.O> GETS ORDER FROM MINISCRIBE&lt;MINY.O></TITLE>
+<DATELINE>    BILLERICA, Mass., June 2 - </DATELINE><BODY>Disc Technology Corp said it has
+received 1,500,000 dlrs in orders for hard discs from
+MiniScribe Corp's MiniScribe Ltd Singapore affiliate.
+    It said the shipments are to be completed by September 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7641" NEWID="18196">
+<DATE> 2-JUN-1987 14:14:25.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2166&#31;reute
+u f BC-HOFFMAN-LA-ROCHE,-LIL   06-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOFFMAN-LA ROCHE, LILLY &lt;LLY> IN LICENSE PACT</TITLE>
+<DATELINE>    NUTLEY, N.J., June 2 - </DATELINE><BODY>Hoffmann-La Roche Inc, the licensee
+of a Hormone Research Foundation patent of a synthetic version
+of human growth hormone, said it entered into a license
+agreement with Eli Lilly and Co involving Lilly's Humatrope
+hormone used to treat dwarfism in children.
+    Details of the license agreement were not disclosed and
+company officials were unavailable for comment.
+    A statement from the companies said, "Lilly and Roche have
+entered into the license agreement as an alternative to
+litigation."
+    South San Francisco-based Genetech Inc &lt;GENE> also markets
+a genetically engineered human growth hormone called Protropin.
+Lilly received approval from the Food and Drug Administration
+to market is human growth hormone earlier this year.
+    A Lilly spokesperson said the company has in effect
+licensed the patent for the hormone through Hoffman-LaRoche.
+She refused to comment on the terms of the license agreement.
+    Last September, Hoffman-LaRoche and the Foundation sued
+Genetech in a Federal court in California alleging its product
+infringed on Hoffman's patent for the synthetic hormone.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7642" NEWID="18197">
+<DATE> 2-JUN-1987 14:15:43.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2173&#31;reute
+r f BC-UNITED-SERVICES-&lt;USVS   06-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED SERVICES &lt;USVSP.O> SELLS PREFERRED</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, June 2 - </DATELINE><BODY>United Services Advisors Inc
+said it has sold to an investor 75,760 shares of preferred
+stock at 3.25 dlrs each and an equal number of warrants at five
+cts each, but an agreement to sell 454,546 preferred shares and
+the same number of warrants to another investor has been
+terminated.
+    The warrants are exercisable at seven dlrs per share for
+five years.
+    It said after the sale it has 2,033,733 preferred shares
+outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7643" NEWID="18198">
+<DATE> 2-JUN-1987 14:15:45.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2174&#31;reute
+b f BC-******NEWBURY-CORP-EX   06-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEWBERY CORP EXPECTS TO FILE FOR BANKRUPTCY BY THE END OF THE WEEK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7644" NEWID="18199">
+<DATE> 2-JUN-1987 14:17:07.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2179&#31;reute
+u f BC-CHICAGO-PACIFIC-&lt;CPA>   06-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO PACIFIC &lt;CPA> TO REPURCHASE NOTES</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Chicago Pacific Corp chairman Harvey
+Kapnick told analysts that he expects within the next year to
+repurchase about 25 mln dlrs of the company's 200 mln dlr issue
+of 14 pct subordinated notes.
+    To date the company has repurchased about 60 mln of these
+notes.
+    "This will have a beneficial effect on our net income but
+the effects in 1987 have already been anticipated in estimates
+for 1987," Kapnick said.
+    Earlier, Kapnick said that analysts' 1987 projections of 31
+to 35 mln dlrs or 3.10 dlrs to 3.40 dlrs for earnings for
+operations are reasonable. These compare to 2.30 dlrs or 22 mln
+dlrs for 1986.
+    Since November 1985, Chicago Pacific has acquired the
+&lt;Hoover Co> and &lt;Rowenta>, both appliance companies and
+furniture companies &lt;Kippinger/Pennsylvania House Group Inc> 
+and the &lt;McGuire Co>.
+    The company spent a total of 724.8 mln dlrs on
+acquisitions.
+   
+    "We believe our balance sheets provides us with about 300
+mln dlrs for future acquisitions,"  Kapnick said.
+    Kapnick also said he expects sales of the company's
+appliance division to increase 17 pct from the 915.7 mln dlrs
+reported in 1986.
+    Kapnick further said the 67 mln dlrs of trademarks and
+patents will be reduced to 40 mln dlrs due to net loss
+carryforwards of acquired companies which were offset against
+these assets as required by current accounting principles.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7645" NEWID="18200">
+<DATE> 2-JUN-1987 14:22:02.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2196&#31;reute
+b f BC-FNMA-SETS-RATE-ON-DEB   06-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FNMA SETS RATE ON DEBENTURE OFFERING</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The Federal National Mortgage
+Association set an 8.55 pct coupon rate to yield 8.55 on a
+four-year 900 mln dlr issue and set a 9.20 pct coupon rate to
+yield 9.22 on a 10-year 600 mln dlr issue in tomorrow's 1.5
+billion dlr debenture offer.
+    Prices were set at par and 99.875, respectively.
+    FNMA said previously that the 900 mln dlr issue matures
+June 10, 1991, while the 600 mln dlr issue matures June 10,
+1997.
+    First interest payments will occur Dec 10, 1987, it said.
+    FNMA said proceeds will be used to redeem the 300 mln dlrs
+of 7.65 pct debentures, 1.05 billion dlrs of 11.2 pct
+debentures that mature June 10, 1987, and to finance
+operations.
+    The debentures will be issued in book entry form only in
+minimum purchase amounts of 10,000 dlrs and multiples of 5,000
+dlrs thereafter.
+    The debentures will be free to trade at 0930 hrs EDT
+tomorrow, FNMA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7646" NEWID="18201">
+<DATE> 2-JUN-1987 14:23:03.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2202&#31;reute
+r f BC-AMOCO-&lt;AN>-CANADA-SAY   06-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> CANADA SAYS SHARE AMOUNT UNDECIDED</TITLE>
+<DATELINE>    CALGARY, Alberta, June 2 - </DATELINE><BODY>Amoco Corp's wholly owned Amoco
+Canada Petroleum Co Ltd said it had yet to work out details
+regarding the amount and timing of its previously reported
+share offering in Canada and would be doing so in talks with
+Investment Canada in coming weeks.
+    An earlier reported published report based on an interview
+with Amoco Canada president T. Don Stacy said Amoco's stock
+offering would total more than one billion Canadian dlrs if the
+company succeeded in its 5.22 billion Canadian dlr bid for Dome
+Petroleum Ltd &lt;DMP>.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7647" NEWID="18202">
+<DATE> 2-JUN-1987 14:23:08.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2203&#31;reute
+r f BC-DESIGNS-INC-&lt;DESI.O>   06-02 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DESIGNS INC &lt;DESI.O> INITIAL OFFERING UNDERWAY</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Lead underwriter Kidder, Peabody and Co
+Inc sand an initial public offering of two mln common shares of
+Designs Inc is underway at 13 dlrs per share.
+    The company is selling 1,125,000 shares and shareholders
+the rest, and underwriters have been granted an option to buy
+up to 300,000 more shares to cover overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7648" NEWID="18203">
+<DATE> 2-JUN-1987 14:23:14.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2204&#31;reute
+r f BC-RCM-TECHNOLOGIES-&lt;RCM   06-02 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RCM TECHNOLOGIES &lt;RCMT.O> WARRANTS EXERCISABLE</TITLE>
+<DATELINE>    LOS ANGELES, June 2 - </DATELINE><BODY>RCM Technologies Inc said the
+Securities and Exchange Commission has declared a
+post-effective amendment to its registration statement
+effective, making its warrants exercisable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7649" NEWID="18204">
+<DATE> 2-JUN-1987 14:23:28.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2206&#31;reute
+r f BC-noranda-forest-sees   06-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA FOREST SEES STRONG PROFIT, CHAIRMAN</TITLE>
+<AUTHOR>    By Larry Welsh, Reuters</AUTHOR>
+<DATELINE>    TORONTO, June 2 - </DATELINE><BODY>Noranda Forest Inc, a new company
+controlled by Noranda Inc &lt;NOR.TO>, will have net earnings of
+more than 165 mln dlrs in 1987 and profit will likely continue
+to grow, Noranda Forest chairman Adam Zimmerman told Reuters in
+an interview.
+    "I think our earnings have not peaked," Zimmerman said of
+Noranda Forest, which will be Canada's largest forest products
+company. Noranda previously said it is spinning off its vast
+forest product holdings into the new company and is now making
+an initial public offering of Noranda Forest shares.
+   
+    Zimmerman told Reuters that he agrees with one forest
+industry analyst's prediction that Noranda Forest will earn at
+least 165 mln dlrs in 1987.
+    Noranda Forest's preliminary share prospectus, released
+today, shows the company had 1986 pro forma earnings of 80.2
+mln dlrs, excluding a 22.5 mln dlr extraordinary gain.
+    Asked to comment on the analyst's forecast that Noranda
+could earn about 200 mln dlrs this year, Zimmerman said, "I
+think that he is directionally very correct."
+    He also said Noranda Forest will consolidate financial
+results of 50 pct-owned MacMillan Bloedel Ltd &lt;MB.TO>.
+    Zimmerman said Noranda Forest expects to raise at least 350
+mln dlrs from its first share issue, making it one of Canada's
+largest initial public offerings.
+    Noranda Forest intends to issue about 15 pct of its common
+shares to the public at first, but parent company Noranda Inc
+"is prepared to let up to 49 pct of it go into the public hands,"
+he added. Noranda Inc now holds all of the 79.9 mln outstanding
+shares of Noranda Forest.
+    Zimmerman declined to say when future secondary share
+offerings might occur, although he said they will be made "as
+soon as it's right" for either cash or other securities.
+    Proceeds from the share issue will be used mainly to reduce
+Noranda Forest's long term debt, listed pro forma as 1.36
+billion dlrs at the end of first quarter, 1987, chairman
+Zimmerman said.
+    Noranda Forest's first priority will be to continue cutting
+debt to "a comfortable, manageable level in all likely future
+circumstances" or about 30 pct of capital, he said.
+    "I think we learned last time around that although your
+assets can support a high levels of debt, earnings can't
+support associated interest in times of high interest rates,"
+Zimmerman commented.
+    Noranda Forest had pro forma operating losses of 8.6 mln
+dlrs in 1985 and 2.9 mln dlrs in 1984 during periods of higher
+interest rates.
+    The company's pro forma 1987 first quarter results showed
+net profit of 42.2 mln dlrs or 49 cts a share, up from earnings
+of 4.7 mln dlrs or one ct a share, excluding a 22.5 mln dlr
+extraordinary gain, in the prior year.
+    Zimmerman also said the company will concentrate on
+maintaining quality earnings from existing operations rather
+than increasing operating volumes. "We are likely to spend money
+to enhance our operations ahead of expanding them," he said.
+    Noranda Forest would also be interested in buying the 50
+pct interest it does not already own in Northwood Pulp and
+Timber Ltd from Mead Corp &lt;MEA> for between 150 mln and 200 mln
+dlrs, Zimmerman said.
+    Noranda Forest and Mead each have the right of first
+refusal the other's Northwood holding, but Mead likely is not
+anxious to sell, he added.
+    Noranda Forest's initial dividend policy will be to pay 10
+cents a share quarterly. When asked, Zimmerman agreed the
+dividend was small compared to cash flow, adding the company
+will later "establish a typical or sensible dividend policy."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7650" NEWID="18205">
+<DATE> 2-JUN-1987 14:24:56.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2216&#31;reute
+r f BC-FRANCE-FUND   06-02 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRM UPS FRANCE FUND &lt;FRN> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>VBI Corp, a British West Indies
+investment firm, told the Securities and Exchange Commission it
+raised its stake in France Fund Inc to 1,075,700 shares, or
+14.3 pct of the total, from 896,500 shares, or 11.9 pct.
+    VBI said it bought 179,200 France Fund common shares
+between April 24 and June 2 at prices ranging from 13.000 to
+14.125 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7651" NEWID="18206">
+<DATE> 2-JUN-1987 14:25:04.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2217&#31;reute
+r f BC-SOUTHERN-&lt;SO>-UNIT-PR   06-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN &lt;SO> UNIT PREFERRED OFFERING UNDERWAY</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Lead underwriter PaineWebber Group Inc
+&lt;PWJ> said an offering of two mln shares of the Class A
+preferred stock of Southern Co's Georgia Power Co subsidiary is
+underway at 25 dlrs per share.
+    It said the underwriters won the issue at competitive sale
+today on a bid of 23.812 dlrs per share.
+    The shares are not redeemable through refunding operations
+before June 1, 1992, when a sinking fund will start retiring
+the issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7652" NEWID="18207">
+<DATE> 2-JUN-1987 14:25:18.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2219&#31;reute
+d f BC-SCOTT-PAPER-&lt;SPP>-SET   06-02 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT PAPER &lt;SPP> SETS MODERNIZATION PROGRAM</TITLE>
+<DATELINE>    PHILADELPHIA, June 2 - </DATELINE><BODY>Scott Paper Co said its S.D. Warren
+Co subsidiary will undertake a 60 mln dlr modernization to
+increase capacity at its Muskegon, Mich., paper plant.
+    The company said the plant is the nation's largest producer
+of premium quality coated printing paper.
+    It said the modernization is expected to be completed by
+the fall of 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7653" NEWID="18208">
+<DATE> 2-JUN-1987 14:28:25.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2234&#31;reute
+r f BC-CITIZENS-&lt;CSBF.O>-SAY   06-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS &lt;CSBF.O> SAYS IT WILL INCUR EXPENSE</TITLE>
+<DATELINE>    SILVER SPRING, Md., June 2 - </DATELINE><BODY>Citizens Savings Bank FSB said
+it will incur an expense of about 393,000 dlrs or 20 cts a
+share for the three and six months ending June 30.
+    Citizens said the expense is due to a a recent decision by
+the Federal Home Loan Bank Board to eliminate the FSLIC
+secondary reserrve as of December 31, 1986.
+    According to Citizens, the FHLBB action was taken to cover
+future losses of financially troubled institutions. Citizens
+said its secondary reserve balance as of December 31, 1986 was
+694,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7654" NEWID="18209">
+<DATE> 2-JUN-1987 14:28:36.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2236&#31;reute
+d f BC-INTERNATIONAL-&lt;ICC.O>   06-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL &lt;ICC.O> SETS NEW SOUND TECHNOLOGY</TITLE>
+<DATELINE>    CHICAGO, June 2 - </DATELINE><BODY>International Cablecasting Technologies
+Inc, said it introduced its proprietary new technology that can
+broadcast compact disk-quality digital sound into the home.
+    The company said the new technology, called digital
+modulation, permits noise-free, undistorted transmission of 10
+channels of pure digital sound or data via satellite and cable
+into subscribers' homes, all on a single video channel.
+   
+    According to the company, the first consumer service to be
+offered by International via the new technology will be
+SuperSound, a package of eight 24-hour commercial-free digital
+uninterrupted music channels to subscribers.
+    International said the SuperSound service is expected to be
+launched in late 1987 and generally available by early 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7655" NEWID="18210">
+<DATE> 2-JUN-1987 14:29:25.34</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2239&#31;reute
+u f BC-LYNCH-&lt;LGL>-PLANS-OFF   06-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNCH &lt;LGL> PLANS OFFER FOR BECOR &lt;BCW> STOCK</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Lynch Corp said it will offer 10.50 dlrs
+a share in cash, 4.50 dlrs in subordinated debentures and a 1/4
+share in a new company for each Becor Western Inc share
+outstanding.
+    Lynch said its proposed offer "substantially improves" over
+the offer of 10.45 dlrs a share in cash and 4.00 dlrs of senior
+sinking fund debentures made by BCW Acquisition Inc, formed by
+Becor's management.
+    Lynch Chairman Mario Gabelli, who heads a group which owns
+12.35 pct of Becor's 16.5 mln outstanding shares, said the
+Lynch bid "is about one dlr better than the present offer."
+   
+    Gabelli previously said in a filing with the Securities and
+Exchange Commission he felt the Becor managment buyout was
+unfar.
+    The Lynch officer said he was invited by other Becor
+shareholders to make an offer.
+    Following sale of Becor's aerospace subsidiary in February,
+the management group led by President William Winter announced
+plans for a 238.1 mln dlr leveraged buyout. was planning to
+take Becor for about 238.1 mln dlrs.  A shareholder vote on the
+buyout offer is scheduled for June four.                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7656" NEWID="18211">
+<DATE> 2-JUN-1987 14:29:58.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2242&#31;reute
+d f BC-MUNSON-TRANSPORTATION   06-02 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUNSON TRANSPORTATION DELAYS INITIAL OFFER</TITLE>
+<DATELINE>    MONMOUTH, Ill., June 2 - </DATELINE><BODY>Munson Transportation Inc said it
+postponed its proposed initial public offering due to weakness
+in the price of truck stocks.
+    Munson is a trucking company that transports food products
+and other general commodities, primarily in the Midwestern,
+Central and Northeastern sections of the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7657" NEWID="18212">
+<DATE> 2-JUN-1987 14:31:16.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2247&#31;reute
+r f BC-SOCAL-EDISON-PLANS-NO   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCAL EDISON PLANS NO MAJOR NEW PLANTS</TITLE>
+<DATELINE>    ANAHEIM, Calif, June 2 - </DATELINE><BODY>Southern California Edison Co
+&lt;SCE> Chairman Howard Allen said the company plans no new major
+construction projects in the next eight years.
+    "We plan no new major plant additions until at least the
+mid-1990s and maybe longer," Allen told a renewable energy
+conference here.
+    He said Southern California Edison had peak power reserve
+margins greater than 20 pct last year. Allen also said he
+expects renewable and alternate energy sources, such as solar
+and geothermal power, to contribute as much as 26 pct of the
+company's electricity within 10 years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7658" NEWID="18213">
+<DATE> 2-JUN-1987 14:32:02.93</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2250&#31;reute
+u f BC-OVERSEAS-&lt;OSG>-SEES-O   06-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OVERSEAS &lt;OSG> SEES OPEC QUOTAS KEY TO RATES</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Overseas Shipholding Group Inc president
+Morton Hyman said if oil production by OPEC rises during the
+second half of 1987, freight rates for tankers should rise
+accordingly.
+    Hyman, delivering a speech at the annual shareholders
+meeting, said international tanker markets were generally weak
+throughout the first quarter, but since the end of March OPEC
+oil production has picked up. The result has been a modest
+improvement in tanker rates.
+    Overseas said 73 pct of its fleet handles liquid cargo.
+   
+    He said tanker requirements decreased in September 1986 as
+OPEC production quotas dropped and levels of oil stocks rose.
+    For the first quarter 1987, the company reported net income
+of 10.3 mln dlrs, or 40 cts per share, compared to 9.3 mln
+dlrs, or 36 cts per share, for the comparable quarter a year
+ago.
+    The company reported net income for 1986 of 37.3 mln dlrs,
+or 1.45 dlrs per share.
+   
+    "The improvement in the company's 1986 results, after four
+years of declining earnings, reflects a sharp, albeit
+temporary, rise in freight rates in the international tanker
+markets last summer," Hyman said.
+    He said the Alaskan oil trade continues to be the principal
+source of employment for its U.S. flag tanker fleet, which
+represents approximately 15 pct of the company's tonnage.
+    Overseas owns and operates 67 vessels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7660" NEWID="18214">
+<DATE> 2-JUN-1987 14:32:53.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM
+&#22;&#22;&#1;f2255&#31;reute
+f f BC-embargoed-until-1430   06-02 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+****<TITLE>CANADA 7 YEAR AND 3 MONTH BONDS YIELD 9.40 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7659" NEWID="18215">
+<DATE> 2-JUN-1987 14:33:01.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2256&#31;reute
+s f BC-OVERSEAS-SHIPHOLDING   06-02 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OVERSEAS SHIPHOLDING GROUP &lt;OSG> SETS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, June 2 -
+    </DATELINE><BODY>Qtrly div 12.5 cts per share vs 12.5 cts prior
+    Pay Aug 25
+    Record Aug Three
+    NOTER: full name of company is overseas shipholding group
+inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7661" NEWID="18216">
+<DATE> 2-JUN-1987 14:36:06.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2271&#31;reute
+r f BC-LOWE'S-COS-&lt;LOW>-RAIS   06-02 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWE'S COS &lt;LOW> RAISES QUARTERLY ONE CT</TITLE>
+<DATELINE>    NORTH WILKESBORO, N.C., June 2 -
+    </DATELINE><BODY>Qtly div 11 cts vs 10 cts prior
+    Pay July 31
+    Record July 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7662" NEWID="18217">
+<DATE> 2-JUN-1987 14:39:13.15</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2283&#31;reute
+u f BC-B.F.-GOODRICH-(GR)-CA   06-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>B.F. GOODRICH &lt;GR>  CANADA STUDIES PLANT</TITLE>
+<DATELINE>    MONTREAL, June 2 - </DATELINE><BODY>The Quebec government said it joined
+with B.F. Goodrich Canada Inc to study the feasability of
+building a vinyl chloride monomer plant in Montreal. The plant
+would supply manufacturers of PVC construction and other
+materials in Eastern Canada and the Northeastern U.S.,
+government officials said.
+    Theys said the  plant would cost about 125 mln Canadian
+dlrs, with production beginning in 1991 if economic conditions
+are right. more
+    The Quebec government has said it wants the project to
+proceed because it would provide future demand for Petromont
+Inc petrochemical products. Petromont is jointly owned by Union
+Carbide Canada Ltd &lt;UCC.TO> and the Quebec government's SGF
+industrial development group. Its Montreal plant would provide
+ethylene as a raw material for the project.
+     Quebec said it also wants Interprovincial Pipe Line Ltd
+&lt;IPIPF.O> to adapt its pipeline from Sarnia, Ont., to Montreal
+to carry natural gas liquids, a decision that will be made by
+the federal National Energy Board. It said the pipeline could
+provide Petromont with feedstock at one-third the cost of
+moving it by rail.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7663" NEWID="18218">
+<DATE> 2-JUN-1987 14:39:20.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2284&#31;reute
+u f BC-CHICAGO-PACIFIC-&lt;CPA>   06-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHICAGO PACIFIC &lt;CPA> TO REPURCHASE NOTES</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Chicago Pacific Corp chairman Harvey
+Kapnick told analysts that he expects whithin the next year to
+repurchase about 25 mln dlrs of the company's 200 mln dlr issue
+of 14 pct subordinated notes.
+    To date the company has repurchased about 60 mln of these
+notes.
+    "This will have a beneficial effect on our net income but
+the effects in 1987 have already been anticipated in estimates
+for 1987," Kapnik said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7664" NEWID="18219">
+<DATE> 2-JUN-1987 14:39:29.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2285&#31;reute
+s f BC-MCDERMOTT-INTERNATION   06-02 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDERMOTT INTERNATIONAL INC &lt;MDR> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW ORLEANS, June 2 -
+    </DATELINE><BODY>Qtly div 45 cts vs 45 cts prior
+    Pay July One
+    Record June 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7665" NEWID="18220">
+<DATE> 2-JUN-1987 14:40:58.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2289&#31;reute
+u f BC-NEWBERY-&lt;NBE>-EXPECTS   06-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWBERY &lt;NBE> EXPECTS TO FILE FOR BANKRUPTCY</TITLE>
+<DATELINE>    TEMPE, Ariz., June 2 - </DATELINE><BODY>Newbery Corp said Fireman's Fund
+Corp &lt;FFC> and United Bank of Arizona are continuing to meet to
+explore alternatives, but the company believes, that
+irrespective of the outcome, it will be forced to file for
+bankruptcy by the end of the week.
+    On May four Newbery said it would receive supplemental
+funding under a 30-day arrangement with Fireman's Fund and
+United Bank that would allow it to continue to operate until a
+decision was made on the company's request for long-term
+financing.
+    The company later announced that it would not be able to
+make its July one interest payment on its 12 pct subordinated
+convertible debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7666" NEWID="18221">
+<DATE> 2-JUN-1987 14:42:21.64</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2295&#31;reute
+f f BC-******ICCO-buffer-sto   06-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ICCO buffer stock manager to buy 3,000 tonnes cocoa Wednesday, June 3 - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7667" NEWID="18222">
+<DATE> 2-JUN-1987 14:45:03.10</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2300&#31;reute
+b f BC-/ICCO-BUFFER-TO-BUY-3   06-02 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICCO BUFFER TO BUY 3,000 TONNES COCOA JUNE 3</TITLE>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>The buffer stock manager of the
+International Cocoa Organization (ICCO) will tender for about
+3,000 tonnes of cocoa beans Wednesday, June 3, the ICCO said in
+a statement.
+    It said all other conditions remain unchanged from the
+previous announcement.
+    These conditions are that offers from registered companies
+should be in pounds sterling for cocoa beans for which standard
+differentials have been set in the ICCO's buffer stock rules,
+and can be for cocoa afloat through to December shipment and
+spot to December arrival/delivery.
+    The basis position will be afloat, May/July shipment or
+June arrival/delivery. For later positions the appropriate
+carrying costs will be taken into account.
+    The deadline for the receipt of offers by the manager shall
+be 1330 hrs london time (1230 gmt) in the case of offers
+emanating from the secondhand market and 1400 hours in the case
+of offers emanating from the origins.
+    The competitiveness of offers will be assessed by taking
+into account the standard differentials, the cost of taking
+cocoa into store (currently 23.00 pounds sterling from "cif
+landed" and 38.00 pounds sterling from "cif shipping weights"
+to "in store") and the cost of carry which currently is 12.00
+pounds sterling per month, the ICCO said.
+    No more than four offers will be considered from each
+offering party, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7668" NEWID="18223">
+<DATE> 2-JUN-1987 14:45:58.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2305&#31;reute
+u f BC-SCANDINAVIA   06-02 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP LIFTS STAKE IN SCANDINAVIA FUND &lt;SCF></TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>A foreign investment group told the
+Securities and Exchange Commission it raised its stake in
+Scandinavia Fund Inc to 3,040,600 shares, or 46.6 pct of the
+total outstanding, from 2,829,300 shares, or 43.2 pct.
+    The group, which includes Ingemar Rydin Industritillbehor
+AB, a Swedish firm, VBI Corp, a British West Indies investment
+firm, and Norwegian investor Erik Vik, said it bought 211,300
+Scandinavia common shares since April 30 at prices ranging from
+10.000 to 10.625 dlrs a share.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7669" NEWID="18224">
+<DATE> 2-JUN-1987 14:46:15.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2307&#31;reute
+u f BC-LOWE'S-&lt;LOW>-MAY-SALE   06-02 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOWE'S &lt;LOW> MAY SALES UP 11 PCT</TITLE>
+<DATELINE>    NORTH WILKESBORO, N.C., June 2 - </DATELINE><BODY>Lowe's Cos Inc said its
+sales for the four weeks ended May 29 were up 11 pct to 221.0
+mln dlrs from 199.5 mln dlrs a year before, with same-store
+sales up five pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7670" NEWID="18225">
+<DATE> 2-JUN-1987 14:49:54.70</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M F
+&#22;&#22;&#1;f2326&#31;reute
+r f BC-mueller-brass-price   06-02 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUELLER BRASS LOWERS PRODUCT PRICES</TITLE>
+<DATELINE>    PORT HURON, MICH., June 2 - </DATELINE><BODY>Mueller Brass Co said that
+effective with shipments today, it is adjusting the price of
+all brass mill products, except free-cutting brass rod and
+related alloys and copper water tube and related products, to
+reflect contained copper values at 73 cents a pound, down two
+cents.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7671" NEWID="18226">
+<DATE> 2-JUN-1987 14:50:42.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2328&#31;reute
+d f BC-MERCANTILE-STORES-&lt;MS   06-02 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCANTILE STORES &lt;MST> SETS 2-1/2-FOR-1 SPLIT</TITLE>
+<DATELINE>    WILMINGTON, Del., June 2 - </DATELINE><BODY>Mercantile Stores Co Inc said
+its stockholders approved a 2-1/2-for-1 common stock split.
+    Mercantile said the record date for the split was June one
+and that it expects to mail the additional shares resulting
+from the split on June 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7672" NEWID="18227">
+<DATE> 2-JUN-1987 14:51:02.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2329&#31;reute
+r f BC-AMR-&lt;AMR>-COMPLETES-P   06-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMR &lt;AMR> COMPLETES PREFERRED STOCK PLACEMENT</TITLE>
+<DATELINE>    DALLAS, June 2 - </DATELINE><BODY>AMR Corp, parent company of American
+Airlines, said it has completed a private placement of 150 mln
+dlrs of preferred auction rate stock through Bankers Trust Co
+NY &lt;BT>.
+    AMR said the preferred stock was sold in three series of 50
+mln dlrs each. Each series is perpetual and will pay dividend
+rates which will be determined every seven weeks through a
+Dutch Auction process, AMR added.
+    The company said it will add the proceeds from the issue to
+working capital and use it for capital expenditures and for
+general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7673" NEWID="18228">
+<DATE> 2-JUN-1987 14:52:36.17</DATE>
+<TOPICS><D>fuel</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F
+&#22;&#22;&#1;f2333&#31;reute
+u f AM-BLAZE   06-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUEL STORAGE TANKS IN FRANCE BURST INTO FLAMES</TITLE>
+<DATELINE>    LYON, France, June 2 - </DATELINE><BODY>Two people were missing and six
+injured after tanks containing thousands of cubic metres of
+fuel burst into flames today at a Shell storage unit in Lyon,
+rescue workers said.
+    The blaze broke out with an explosion around 1330 local
+time (1130 GMT). Shell is a subsidiary of the Royal Dutch/Shell
+Group &lt;RD>.
+    Some 200 firemen fought the flames at the gasoline storage
+unit at Edouard Herriot riverside port complex and appeared to
+have the blaze under control as night fell. The entire southern
+section of Lyon was cordoned off.
+    The fire destroyed five giant tanks and threatened four
+others, the Shell spokesman said. He said that the company
+estimated between six and seven thousand cubic metres of
+domestic fuel oil, gasoline and additives had been burned.
+    The total capacity of the burning tanks was over 10,000
+cubic metres, but some had been empty when an explosion started
+today's fire, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7674" NEWID="18229">
+<DATE> 2-JUN-1987 14:56:57.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2338&#31;reute
+b f BC-PAY-'N-PAK-&lt;PNP>-RECE   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAY 'N PAK &lt;PNP> RECEIVES AMENDED PROPOSAL</TITLE>
+<DATELINE>    KENT, Wash., June 2 - </DATELINE><BODY>Pay 'N Pak Stores Inc said it
+received a revision to one of the two previously disclosed
+proposals to buy the company.
+    Pay 'N Pak said that the proposal from a leveraged buyout
+firm had been amended to increase the dividend rate on the
+cumulative preferred stock to be received by PNP shareholders
+from 13.5 pct to 17.5 pct.
+    As previoiusly announced, the proposal calls for a
+transaction in which PNP shareholders would receive a
+combination of 17.50 dlrs in cash and 2.50 dlrs in liquidation
+value of cumulative preferred stock for each common share.
+   
+    Under the other proposal received from Paul Bilzerian, PNP
+shareholders would receive on a blended basis 16.67 dlrs in
+cash and 3.33 dlrs in liquidation value of cumulative
+redeemable preferred stock for each common share, the company
+said.
+    Under the Bilzerian proposal, the dividend rate on the
+preferred stock would be set so that in the joint opinion of
+the financial advisor to Bilzerian and the financial advisor to
+Pay 'N Pak, the preferred stock would trade at its liquidation
+value on a fully distributed basis, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7675" NEWID="18230">
+<DATE> 2-JUN-1987 14:57:20.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2340&#31;reute
+r f BC-FIRST-TENNESSEE-&lt;FTEN   06-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST TENNESSEE &lt;FTEN> SELLS 12-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>First Tennessee National Corp is
+offering 75 mln dlrs of subordinated capital notes due 1999
+yielding 10.43 pct, said lead manager Goldman, Sachs and Co.
+    The notes have a 10-3/8 pct coupon and were priced at 99.65
+to yield 175 basis points more than comparable Treasury
+securities.
+    Non-callable to maturity, the debt is rated Baa-2 by
+Moody's and BBB-plus by Standard and Poor's. The gross spread
+is seven dlrs, the selling concession is four dlrs and the
+reallowance is 2.50 dlrs. Salomon Brothers co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7676" NEWID="18231">
+<DATE> 2-JUN-1987 14:59:38.47</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A Y RM
+&#22;&#22;&#1;f2346&#31;reute
+u f AM-GULF-AMERICAN-1STLD   06-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO PROTECT ONLY AMERICAN SHIPS</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>U.S. military forces in the Mideast
+Gulf are under orders to protect only American flag vessels and
+occasional U.S. arms deliveries on other ships to
+"non-belligerent" states in the area, the Pentagon said today.
+    "No one has ever stated or supported a policy of protecting
+all shipping in those waters," Pentagon spokesman Bob Sims said
+as the Reagan Administration drew up plans to increase the
+protective U.S. military presence in the gulf.
+    Sims denied published reports that U.S. Defense Secretary
+Caspar Weinberger sought air cover to protect all neutral
+shipping in the western gulf from attacks by Iran and Iraq.
+    "As we have said repeatedly, only American flag vessels are
+under our protection with the exception, on a limited
+case-by-case basis, of ships carrying our Foreign Military
+Sales equipment to friendly, non-belligerent states in the
+region," Sims said.
+    U.S. warships in the gulf two weeks ago protected a Kuwaiti
+ship which sailed to Bahrain with U.S. arms for Bahrain and
+Kuwait. But Sims said Washington had received assurances that
+the the arms would not be used elsewhere.
+    He said Kuwait, which is turning 11 oil tankers over to
+U.S. firms to fly the American flag and be protected by the
+U.S. warships, is not considered a belligerent despite Iranian
+charges that Kuwait is supporting Iraq in the gulf war.
+    Kuwaiti tankers have come under repeated Iranian attack.
+    Sims refused to say how the United States will beef up its
+seven-ship Middle East Task Force in the gulf to protect the 11
+Kuaiti tankers. But Pentagon officials said that additional
+ships and air cover are under consideration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7677" NEWID="18232">
+<DATE> 2-JUN-1987 15:04:43.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2372&#31;reute
+b f BC-******VIACOM-SAYS-FED   06-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>VIACOM SAYS FEDERAL COURT REJECTS REQUEST TO BLOCK PLANNED MERGER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7678" NEWID="18233">
+<DATE> 2-JUN-1987 15:05:53.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2377&#31;reute
+s f BC-INVESTORS-SAVINGS-BAN   06-02 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTORS SAVINGS BANK &lt;ISLA.O> SETS PAYOUT</TITLE>
+<DATELINE>    RICHMOND, Va., June 2 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay July 10
+    Record June 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7679" NEWID="18234">
+<DATE> 2-JUN-1987 15:06:53.24</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2379&#31;reute
+r f BC-asamera-completes   06-02 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASAMERA &lt;ASM> COMPLETES REFINERY SALE</TITLE>
+<DATELINE>    CALGARY, Alberta, June 2 - </DATELINE><BODY>Asamera Inc said wholly owned
+Asamera Oil (U.S.) Inc concluded the 25.25 mln U.S. dlr sale of
+its Denver refinery to Total Petroleum North America Ltd.
+    In addition, Total is purchasing crude oil and refined
+product inventories at market value, Asamera said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7680" NEWID="18235">
+<DATE> 2-JUN-1987 15:10:28.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM
+&#22;&#22;&#1;f2386&#31;reute
+b f BC-******S/P-MAY-DOWNGRA   06-02 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P MAY DOWNGRADE HOSPITAL CORP'S 1.8 BILLION DLRS OF DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7681" NEWID="18236">
+<DATE> 2-JUN-1987 15:19:46.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2414&#31;reute
+u f BC-COURT-DECLINES-TO-BLO   06-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT DECLINES TO BLOCK VIACOM &lt;VIA> MERGER</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Viacom International Inc said the U.S.
+District Court for the Southern District of New York denied the
+motion of &lt;Carsey-Werner Co> for a temporary injunction to
+block the proposed merger of Viacom with a subsidiary of
+&lt;National Amusements Inc>.
+    Carsey-Werner is the producer of the Cosby Show.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7682" NEWID="18237">
+<DATE> 2-JUN-1987 15:23:32.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2426&#31;reute
+u f BC-HOSPITAL-CORP-&lt;HCA>-M   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOSPITAL CORP &lt;HCA> MAY BE DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Standard and Poor's Corp said it may
+downgrade Hospital Corp of America's 1.8 billion dlrs of debt.
+    S and P cited uncertainties over the company's major
+restructuring. It noted that Hospital Corp has agreed to sell
+104 acute care hospitals to a new company owned by an employee
+stock ownership plan.
+    The sale is for 1.8 billion dlrs cash. If the proceeds are
+used primarily for share repurchases, weaker asset and cash
+flow protection will result, S and P said.
+    Hospital Corp currently carries A-rated senior debt and
+A-minus subordinated debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7683" NEWID="18238">
+<DATE> 2-JUN-1987 15:24:11.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2431&#31;reute
+r f BC-AEGON-N.V.-&lt;AEGN.AS>   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEGON N.V. &lt;AEGN.AS> BUYS LIFE INVESTORS SHARES</TITLE>
+<DATELINE>    CEDAR RAPIDS, Iowa, June 2 - </DATELINE><BODY>AEGON U.S. Holding Corp, a
+unit of AEGON N.V. of the Netherlands, and Life Investors Inc
+&lt;LINV.O> said they have purchased about 451,000 shares of Life
+Investors common stock for 51.61 dlrs per share cash.
+    The purchase is part of an agreement between the two
+companies made in November 1981, saying that on or before each
+April 30 between 1983 and 1987 the companies would offer to buy
+one-sixth of the number of Life Investors' common stock
+outstanding as of Dec. 31, 1982, not already owned by AEGON.
+    On Dec. 31 1988 they would offer to buy any and all
+remaining shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7684" NEWID="18239">
+<DATE> 2-JUN-1987 15:26:07.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2439&#31;reute
+r f BC-WESBANCO-&lt;WSBC.O>-ACQ   06-02 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESBANCO &lt;WSBC.O> ACQUIRING BANK OF SISSONVILLE</TITLE>
+<DATELINE>    WHEELING, W. Va., June 2 - </DATELINE><BODY>Wesbanco Inc said its board
+executed a merger agreement with the &lt;Bank of Sissonville>.
+    When the merger is completed, each of the 50,000 shares of
+the Bank of Sissonville common stock outstanding will be
+converted into 2.75 shares of Wesbanco common stock, the
+company said.
+    The Bank of Sissonville has total assets of 25.5 mln dlrs
+as of Dec 31, 1986, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7685" NEWID="18240">
+<DATE> 2-JUN-1987 15:27:15.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2444&#31;reute
+r f BC-MOODY'S-AFFIRMS-COMPU   06-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S AFFIRMS COMPUTER ASSOC &lt;CA>, UCCEL &lt;UCE></TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed the Ba-3 rated convertible subordinated debentures of
+both Computer Associates International Inc, due 2012 and UCCEL
+Corp, due 1995. About 113 mln dlrs of debt is affected.
+    Computer Associates plans to acquire UCCEL through an
+exchange of stock, Moody's noted. The resulting merger would
+create the largest independent software company yet.
+    Moody's said it believes that the merged company may
+experience short-term pressure on margins while consolidating
+operations. In the long-term, the agency said the outlook is
+positive and anticipates a greatly improved market position.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7686" NEWID="18241">
+<DATE> 2-JUN-1987 15:27:37.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2446&#31;reute
+u f BC-NUCLEAR-DATA-&lt;NDI>-FI   06-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUCLEAR DATA &lt;NDI> FINANCIAL DATA QUALIFIED</TITLE>
+<DATELINE>    SCHAUMBURG, ILL., June 2 - </DATELINE><BODY>Nuclear Data Inc said its
+auditors, Ernst and Whinney, quaified their opinion on its
+financial statements for the fiscal year ended February 28.
+    As previously reported, Nuclear Data's bank debt matures on
+June 30, 1987, and its lenders have required it to obtain
+replacement financing by then.
+    It said the auditors qualified their opinion because the
+company does not yet have a commitment for replacement
+financing. Nuclear Data said it expects to have such financing
+in place shortly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7687" NEWID="18242">
+<DATE> 2-JUN-1987 15:27:47.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2447&#31;reute
+r f BC-municipal-financial   06-02 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUNICIPAL FINANCIAL CORP &lt;MFC.TO> SIX MTHS NET</TITLE>
+<DATELINE>    BARRIE, Ontario, June 2 -
+    </DATELINE><BODY>Period ended April 30
+    Shr 71 cts vs 42 cts
+    Shr diluted 62 cts vs 38 cts
+    Net 2,629,704 vs 1,721,384
+    Revs 39.5 mln vs 32.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7688" NEWID="18243">
+<DATE> 2-JUN-1987 15:28:10.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2449&#31;reute
+r f BC-COMMONWEALTH-MORTGAGE   06-02 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH MORTGAGE &lt;CCMC.O> 4TH QTR NET</TITLE>
+<DATELINE>    WELLESLEY, Mass., June 2 -</DATELINE><BODY>Qtr ends April 30
+    Shr 32 cts vs 20 cts
+    Net 1,981,681 dlrs vs 1,022,451 dlrs
+    Avg shrs 6,220,000 vs 5,120,000
+    12 mths
+    Shr 1.22 dlrs vs 59 cts
+    Net 7,005,000 dlrs vs 3,030,000 dlrs
+    Avg shrs 5,737,808 vs 5,120,000
+    NOTE: full name of company is commonwealth mortgage co inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7689" NEWID="18244">
+<DATE> 2-JUN-1987 15:28:25.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2451&#31;reute
+u f BC-CONGRESSMAN-QUESTIONS   06-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONGRESSMAN QUESTIONS INSIDER TRADING ENFORCEMENT</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Rep. Norman Lent, R-N.Y., said Dennis
+Levine's conviction for insider trading showed the need for
+tougher enforcement of insider trading laws by the government
+and the securities industry.
+    Lent's comments came at the start of closed testimony by
+Levine at the House Oversight and Investigations subcommittee.
+Levine's testimony was not released.
+    "Why didn't Dennis Levine's superiors at four different
+investment banking houses question the sources of his 'uncanny'
+information on possible corporate takeovers?" Lent asked.
+    "Why has the Securities and Exchange Commission historically
+been unable to prosecute insider trading cases without outside
+evidence that illegal behavior has taken place?" Lent added.
+    Lent said Levine had told the subcommittee staff his
+associates at major banks told him insider trading was accepted
+practice. Levine also said he did not worry about being caught
+by the SEC.
+    "The securities industry must stop putting morality and
+ethics behind proift. The SEC must exercise tougher control and
+supervision of the industry," Lent said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7690" NEWID="18245">
+<DATE> 2-JUN-1987 15:28:50.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2452&#31;reute
+u f BC-HARCOURT&lt;HBJ>-CHIEF-S   06-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARCOURT&lt;HBJ> CHIEF SAYS MANAGERS ARE CONFIDENT</TITLE>
+<DATELINE>    ORLANDO, Fla., June 2 - </DATELINE><BODY>Harcourt Brace Jovanovich Inc
+managers who use a special cash dividend to buy additional
+stock are demonstrating confidence in the company, chairman
+William Jovanovich said.
+    In a written statement Jovanovich said the company's
+recapitalization, which will pay a dividend of 40 dlrs per
+share in cash and preferred stock worth 10 dlrs per share, is
+not a leveraged buyout.
+    He said management of Harcourt is not receiving shares in
+the recapitalization other than through a legal employee stock
+ownership program.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7691" NEWID="18246">
+<DATE> 2-JUN-1987 15:29:30.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2455&#31;reute
+r f BC-NORSTAR-&lt;NOR>-DEBT-DO   06-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORSTAR &lt;NOR> DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded 160 mln dlrs of debt of Norstar Bancorp.
+    Cut were the company's senior debt to AA-minus from AA,
+subordinated debt to A-plus from AA-minus and preferred stock
+to A from A-plus. S/P affirmed its A-1-plus commercial paper.
+    The downgrade reflected a modest increase in Norstar's risk
+profile, combined with lower financial performance. Norstar's
+recent purchase of the 1.2 billion dlr Syracuse Savings Bank
+will require substantial management and financial resources to
+bring the unit's performance in line with the bank's other
+operations, the agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7692" NEWID="18247">
+<DATE> 2-JUN-1987 15:29:39.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2456&#31;reute
+u f BC-GM-&lt;GM>-LABOR-TALKS-T   06-02 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> LABOR TALKS TO OPEN JULY 27</TITLE>
+<DATELINE>    DETROIT, June 2 - </DATELINE><BODY>General Motors Corp's negotiations on a
+new contract covering 370,000 U.S. workers who belong to the
+United Automobile Workers union will open July 27, UAW
+president Owen Bieber said.
+    He said the opening of talks on a new contract covering
+110,000 union members at Ford Motor Co &lt;F> will open the
+following day. Current contracts at both companies expire at
+2359 EDT on September 14.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7693" NEWID="18248">
+<DATE> 2-JUN-1987 15:29:46.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2457&#31;reute
+d f BC-NORTH-AMERICAN-VENTUR   06-02 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN VENTURES &lt;NAVI.O> SELLS COMMON</TITLE>
+<DATELINE>    EAST HARTFORT, Conn., June 2 - </DATELINE><BODY>North American Ventures Inc
+said it has sold about nine mln dlrs of the company's
+restricted common shares to the newly created &lt;Butler
+International Inc> Employee Stock Option Plan.
+    North American said the nine mln dlrs payment resulted from
+an excess of funds in Butler's pension plan.
+    The transaction was for about 1.5 mln North American common
+shares approximating 5.1 pct of the company's outstanding
+shares, North American said.
+   
+    North American said proceeds from the stock sale would
+increase the company's stockholders' equity to about 85 mln
+dlrs and will be used to pay down aquisition financing used in
+the Butler purchase which was completed in January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7694" NEWID="18249">
+<DATE> 2-JUN-1987 15:33:11.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2467&#31;reute
+d f BC-AARON-RENTS-INC-&lt;ARON   06-02 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AARON RENTS INC &lt;ARON.O> YEAR NET</TITLE>
+<DATELINE>    ATLANTA, Ga., June 2 - </DATELINE><BODY>year ended March 31
+    Shr 91 cts vs 1.08 dlrs
+    Net 4,800,000 vs 5,800,000
+    Rev 118.7 mln vs 110.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7695" NEWID="18250">
+<DATE> 2-JUN-1987 15:33:36.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2469&#31;reute
+u f BC-U.K.-BANKERS-LAUD-VOL   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BANKERS LAUD VOLCKER, UNSURE ABOUT GREENSPAN</TITLE>
+<AUTHOR>    BY MARGUERITE NUGENT, REUTERS</AUTHOR>
+<DATELINE>    LONDON, June 2 - </DATELINE><BODY>U.K. Bankers for the most part lauded
+outgoing U.S. Federal Reserve Chairman Paul Volcker for his
+achievements over the past eight years but expressed some
+uncertainty about economist Alan Greenspan, nominated by
+President Reagan to succeed him.
+    "One of Volcker's greatest achievements was the sense of
+continuity and stability he gave to the international markets,"
+said Carlos Santistevan, executive director of Libra Bank Plc.
+However, it is uncertain how long it will take for Greenspan to
+fill that role and the degree to which he can do so, he said.
+    Greenspan heads his own financial consulting firm,
+Townesend, Greenspan Associates Inc and was Chairman of the
+Council of Economic Advisers during the Ford Administration.
+    "He is a prominent and well known figure in the U.S." said
+David Lomax, Group Economics Adviser at National Westminster
+Bank Plc, who described Greenspan as an "orthodox Republican
+economist" who may be better suited to getting the U.S. Economy
+on track than Volcker.
+    But for the most part bankers in London are unfamiliar with
+Greenspan's views on domestic and international economics or
+the international debt crisis.
+    "I will be sad to see Volcker go. He is a central banker of
+good repute with a general interest in protecting the U.S. And
+international banking system," said Libra's Santistevan.
+    Volcker knows and understands the problems facing indebted
+countries, he said, adding that it is unlikely Greenspan is as
+familiar with the problem and the personalities involved.
+    For this reason he expects there will be little change in
+the Fed's approach to the debt crisis, even as U.S. Commercial
+banks take a harder line in dealing with the problem by adding
+billions of dollars in reserves against possible losses on
+third world debt.
+    Another senior banker who deals with the Latin American
+debt problem also doubted there would be much change
+post-Volcker, but for other reasons.
+    He said that despite U.S. Treasury Secretary James Baker's
+debt initiative which called for greater contributions by
+banks, governments and multilateral organization, government's
+have done little to try to improve the situation, leaving the
+bulk of the responsibility in the hands of the bankers.
+    Despite the Fed's independence from central government, he
+questioned how much impact Greenspan could have coming into the
+job so close to the next Presidential election.
+    News that Volcker would not seek a third term hit the
+financial markets hard.  The U.S. Dollar fell sharply on
+foreign exchange markets before reported concerted central bank
+intervention by the Fed and the Bundesbank helped it recover
+somewhat. Prices of Eurodollar denominated bonds fell about one
+point, while prices of U.S. Treasury bonds traded here lost
+more than one point.
+    But despite the disruption in the markets, Lloyds Bank
+Plc's Group Economic Adivser Christopher Johnson said the
+announcement was well-timed, given the recent rise in the
+dollar against the mark and yen.
+    In recent statements U.S. Officials have said the dollar
+has fallen far enough and at a White House briefing today
+announcing his nomination Greenspan said "there certainly is
+evidence" that the dollar had bottomed out.
+    However, many economists here believe that the recent rise
+in the dollar will be only temporary and that it will have to
+fall further before America's huge trade deficit begins to
+reverse.
+    "The dollar has further to fall, although it may take a few
+years" said Lloyds Bank's Johnson. He added that the important
+thing is that there is a soft landing.
+    Like other economists, Johnson is anxious to hear
+Greenspan's testify at the Congressional confirmation hearings.
+    "He has everything going for him but he must establish
+credibility. We have to hear his views on inflation and the
+outlook for interest rates," he said.
+    Some bankers criticized Volcker for taking too hard a
+stance in combating inflation in the late 1970's when his
+tightening in U.S. Monetary policy pushed interest rates to
+record levels.
+    "He tightened more than the Republicans wanted and only
+relaxed his stance when the Latin American debt crisis erupted
+(in 1982)," National Westminster's Lomax said.
+    Lomax said that Greenspan, if appointed, will inherit the
+agreements entered into by Volcker with other members of the
+Group of Five industrial nations on the dollar.
+    However, he said that the danger lies in dollar stability
+being maintained because of a monetary policy that is too
+tight. Too firm a monetary policy could send the U.S. Into
+recession, which would not be welcome by European counterparts,
+he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7696" NEWID="18251">
+<DATE> 2-JUN-1987 15:36:55.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2475&#31;reute
+r f BC-NORTHEAST-UTILITIES-&lt;   06-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHEAST UTILITIES &lt;NU> UNIT SELLS STOCK</TITLE>
+<DATELINE>    HARTFORD, Conn., June 2 - </DATELINE><BODY>Connecticut Light and Power Co, a
+unit of Northeast Utilities, said it sold 50 mln dlrs of
+preferred stock as part of its ongoing program to refinance
+high-interest debt and high-coupon preferred stock.
+    Northeast said the stock, which will be retired in 25
+years, will carry an annual dividend of 9.1 pct, with
+Connecticut Light to use the proceeds to redeem 36 mln dlrs in
+preferred stock issued in June 1982.
+    The company said the new issue is being offered through E.
+F. Hutton and Co.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7697" NEWID="18252">
+<DATE> 2-JUN-1987 15:37:10.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2477&#31;reute
+r f BC-HOLLLINGER-&lt;HLG.TO>-P   06-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLLLINGER &lt;HLG.TO> PAYING 50 MLN DLRS FOR BUY</TITLE>
+<DATELINE>    TORONTO, June 2 - </DATELINE><BODY>Hollinger Inc will pay about 50 mln dlrs
+cash for its previously reported acquisition of privately owned
+Unimedia Inc, chairman Conrad Black told reporters after the
+annual meeting, confirming a published report.
+    Commenting on press reports about the 50 mln dlr price tag,
+Black said, "That would not be wildly inaccurate," although he
+declined to disclose the actual cost.
+    Montreal-based Unimedia is Quebec's third largest newspaper
+group, with three French language daily newspapers in Quebec
+City, Ottawa and Chicoutimi, Quebec and four printing plants in
+Ontario and Quebec.
+    Black added that Hollinger would also continue seeking
+acquisitions of daily newspapers with circulation under 25,000
+readers. He said Hollinger was currently talking to about 10
+such newspapers in the U.S. where the company currently owns 23
+dailies.
+    "There is really no end to the ones that are available," he
+told reporters, although he added that most remaining
+acquisition opportunities are in the U.S.
+    He said that Hollinger's 58 pct-owned Daily Telegraph PLC,
+of London, should become profitable in this year's fourth
+quarter.
+   
+    For full-year 1987, the Daily Telegraph could break even or
+better, said Black, citing major reductions in labor costs and
+improved technology at the Telegraph, Britain's largest
+circulation quality daily. The Telegraph lost 13.2 mln Canadian
+dlrs last year.
+    Daily Telegraph chief executive Andrew Knight told
+reporters after the meeting that the Telegraph's daily
+circulation had risen by 25,000 since September to about
+1,150,000 on weekdays, despite added competition from the new
+Independent daily newspaper.
+   
+    Knight said The Independent was not affecting the
+Telegraph's growth, but was making inroads into the circulation
+of other London quality dailies such as The Times and The
+Guardian.
+    Hollinger chairman Black predicted Hollinger would post
+1987 net income of about 55 mln dlrs, or one dlr a share,
+including extraordinary gains from previous sales of
+discontinued operations. Hollinger lost 87 mln dlrs or 6.54
+dlrs a share last year on fewer average shares and after an
+extraordinary loss of 52 mln dlrs.
+   
+    Black told shareholders that first quarter operating
+earnings on continuing operations amounted to 499,000 dlrs
+against a year-ago loss of 165,000 dlrs.
+    Revenues on continuing operations rose to 102.1 mln dlrs
+from 1.5 mln dlrs last year, which did not include Daily
+Telegraph revenues, he added. Consolidated first quarter
+figures were not disclosed.
+    He said the Daily Telegraph's first quarter operating loss
+was sharply reduced from last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7698" NEWID="18253">
+<DATE> 2-JUN-1987 15:37:40.59</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2478&#31;reute
+r f BC-TEXAS-EASTERN-&lt;TEX>-U   06-02 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS EASTERN &lt;TEX> UNIT FILES FOR NEW RATES</TITLE>
+<DATELINE>    BOSTON, June 2 - </DATELINE><BODY>Algonquin Gas Transmission Co, a unit of
+Texas Eastern Corp, said it has filed for Federal Energy
+Regulatory Commission approval of new rate schedules.
+    It said it has also filed for proposed service agreements
+for interruptible and firm transportation service.
+    Algonquin said the filing would allow its customers to move
+available spot gas supplies to price competitive markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7699" NEWID="18254">
+<DATE> 2-JUN-1987 15:37:56.89</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2479&#31;reute
+u f BC-USX-&lt;X>-UNIT-RAISES-P   06-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> UNIT RAISES PRICES ON CERTAIN GRADES</TITLE>
+<DATELINE>    LORAIN, Ohio, June 2 - </DATELINE><BODY>USX Corp's USS division said it was
+raising prices for all hot rolled bar and semi-finished
+products 1100 series grades by 10 dlrs per ton effective July
+One, 1987.
+    The company said the increase reflects current market
+conditions.
+    The company could not say what percentage the increase
+reflects from current prices, nor could it say how much per ton
+the products sell for currently.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7700" NEWID="18255">
+<DATE> 2-JUN-1987 15:38:07.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2480&#31;reute
+r f BC-CENTRAL-MAINE-&lt;CTP>-S   06-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL MAINE &lt;CTP> SEEKS COGENERATOR SPONSORS</TITLE>
+<DATELINE>    AUGUSTA, Maine, June 2 - </DATELINE><BODY>Central Maine Power Co said it
+issued a request for proposals for about 150 potential project
+sponsors of cogeneration and small power production projects.
+    The utility said it has about filled six avoided cost
+decrements and is soliciting proposals to fill about 50
+megawatts each in the seventh and eighth decrements as defined
+by the Maine Public Utilities Commission.
+    Central Main said the avoided costs for both decrements
+have been established on the basis of costs negotiated between
+the utility and Hydro-Quebec for planned power purchase
+beginning in 1992.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7701" NEWID="18256">
+<DATE> 2-JUN-1987 15:38:19.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2481&#31;reute
+r f BC-SPARTECH-&lt;SPTN.O>-HAS   06-02 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPARTECH &lt;SPTN.O> HAS 475,000 DLRS FOR BUYBACK</TITLE>
+<DATELINE>    ST. LOUIS, June 2 - </DATELINE><BODY>Spartech Corp, which earlier said it
+will repurchase up to 10 pct of its 2.6 mln outstanding shares
+in the open market, said it has about 475,000 dlrs currently
+available for buybacks.
+    It said its indenture for convertible subordinated debt
+limits stock purchases to 50 pct of net earnings (less
+preferred stock dividends) each fiscal year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7702" NEWID="18257">
+<DATE> 2-JUN-1987 15:38:35.66</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>romania</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2482&#31;reute
+r f AM-TRADE   06-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SEEKS ROMANIA TRADE CONCESSION</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>President Reagan called for continued
+nondiscriminatory treatment for Romanian exports to the United
+States in the face of congressional opposition because of the
+Bucharest government's record on human rights.
+    A White House statement said Reagan's decision to press for
+continuation of so-called Most Favored Nation (MFN) status for
+Romania had been "exceptionally difficult" and came after "all
+options were seriously considered."
+    But the statement said that despite concerns about human
+rights abuses by the Bucharest government, the president had
+decided that should be continued because it helped stimulate
+emigration from Romania and gave the United States influence on
+human rights practices there.
+    The statement was issued as Reagan sent to Congress
+requests for one-year extensions of MFN for Romania, Hungary
+and China.
+    The House of Representatives has attached to a trade bill
+legislation that would temporarily deny MFN for Romania pending
+certification by Reagan that the country had made progress on
+human rights. There is no controversy over continuation of MFN
+for Hungary and China.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7703" NEWID="18258">
+<DATE> 2-JUN-1987 15:38:41.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2483&#31;reute
+d f BC-TIMBERLINE-INDUSTRIES   06-02 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIMBERLINE INDUSTRIES INC &lt;TIMB.O> 1ST QTR NET</TITLE>
+<DATELINE>    BELLEVUE, Wash., June 2 -
+    </DATELINE><BODY>Oper shr eight cts vs two cts
+    Oper net 119,000 vs 32,000
+    Sales 12.0 mn vs 11.3 mln
+    Note: Current qtr figures exclude loss from discontinued
+operations of 30,000 dlrs, or two cts per share, vs loss of
+54,000 dlrs, or four cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7704" NEWID="18259">
+<DATE> 2-JUN-1987 15:39:08.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2484&#31;reute
+r f BC-RAINIER-BANCORP-&lt;RBAN   06-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAINIER BANCORP &lt;RBAN.O> NAMES NEW UNIT EXEC</TITLE>
+<DATELINE>    SEATTLE, June 2 - </DATELINE><BODY>Rainier Bancorp said Allan Nichols, head
+of its Consumer Banking Division, has resigned, effective June
+19, and will be succeeded by David Williams.
+    Williams is currently head of its Corporate Banking
+division, Rainier said.
+    It said James Cullen, currently in charge of International
+Banking, will succeed Williams in Corporate Banking and Steve
+Driscol, director of the International Division's Asia-Pacific
+Region, will succeed Cullen at International Banking.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7705" NEWID="18260">
+<DATE> 2-JUN-1987 15:39:32.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2487&#31;reute
+d f BC-CORBUS-&lt;CRVS.O>-PRESI   06-02 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORBUS &lt;CRVS.O> PRESIDENT NAMED CEO</TITLE>
+<DATELINE>    SAN JOSE, Calif., June 2- </DATELINE><BODY>Corvus Systems Inc said Lewis
+Lipton, currently president, was named to the additional post
+of chief executive.
+    The company said Lipton was also elected to its board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7706" NEWID="18261">
+<DATE> 2-JUN-1987 15:39:52.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2488&#31;reute
+r f BC-S/P-MAY-UPGRADE-COMPU   06-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY UPGRADE COMPUTER ASSOC &lt;CA>, UCCEL &lt;UCE></TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Standard and Poor's Corp said it may
+upgrade 100 mln dlrs of B-plus subordinated debt of Computer
+Associates International Inc and 13 mln dlrs of B-minus
+subordinated debt of UCCEL Corp.
+    S and P cited a merger agreement between the two companies
+which it believes will improve both firms' market positions as
+well as complement each other's products and distribution.
+    But S and P pointed out that duplicate product lines could
+raise marketing difficulties and restrict sales.
+    The agency will study improvements in the financial
+condition and competitive position of the merged entity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7707" NEWID="18262">
+<DATE> 2-JUN-1987 15:39:58.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2489&#31;reute
+d f BC-AUTODESK-&lt;ACAD.O>-SEL   06-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUTODESK &lt;ACAD.O> SELLS STOCK</TITLE>
+<DATELINE>    SAUSALITO, Calif., June 2 - </DATELINE><BODY>Autodesk Inc said it made an
+underwritten public offering of 2,640,836 common shares at 24
+dlrs per share.
+    The company said it sold 2.5 mln shares and the rest were
+sold by stockholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7708" NEWID="18263">
+<DATE> 2-JUN-1987 15:41:47.60</DATE>
+<TOPICS><D>grain</D><D>barley</D></TOPICS>
+<PLACES><D>usa</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2497&#31;reute
+u f BC-/CCC-ACCEPTS-BONUS-ON   06-02 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS BONUS ON BARLEY TO SAUDI ARABIA</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The Commodity Credit Corporation, CCC,
+has accepted bids for export bouses to cover sales of 150,000
+tonnes of U.S. barley to Saudi Arabia, the U.S. Agriculture
+Department said.
+    The CCC accepted three bonus offers from one exporter which
+averaged 40.88 dlrs per tonne, it said.
+    The barley is for delivery August 15-November 30 in three
+shiments of 50,000 tonnes each.
+    The bonus awards were made to Louis Dreyfus Corporation and
+will be paid in the form of commodities from CCC stocks.
+    An additional 350,000 tonnes of U.S. barley are still
+available to Saudi Arabia under the Export Enhancement Program
+initiative annnounced on May 15, 1987, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7709" NEWID="18264">
+<DATE> 2-JUN-1987 15:45:29.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2504&#31;reute
+h f BC-ROCKWELL-&lt;ROK>,-U-S-W   06-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKWELL &lt;ROK>, U S WEST &lt;USW> UNIT IN PACT</TITLE>
+<DATELINE>    CHICAGO, June 2 - </DATELINE><BODY>Rockwell International Corp said it and U
+S West Knowledge Engineering Inc, a U S West Inc subsidiary,
+agreed to jointly develop an operator workstation that combines
+voice and data capabilities for directory assistance, call
+intercept and other operator functions in a single terminal.
+    It said the systems will be offered as integrated elements
+of Rockwell's telephone- company-oriented ISS-3000 Automatic
+Call Distribution switches.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7710" NEWID="18265">
+<DATE> 2-JUN-1987 15:47:04.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D><D>uk</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2507&#31;reute
+u f AM-COMMUNITY-BUDGET 1ST  06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO PROSPECT IN SIGHT OF EC BUDGET ACCORD</TITLE>
+<DATELINE>    LUXEMBOURG, June 2 - </DATELINE><BODY>The European Community was set to
+plunge into an ever-deepening budget crisis after ministers
+failed to reach agreement on plugging a gap in the
+near-bankrupt Community's finances, diplomats said.
+    As EC budget ministers ended six hours of talks in
+Luxembourg, diplomats said there was little basis for an accord
+amongst the trading bloc's 12 member states.
+    The EC executive Commission says the Community faces a
+deficit this year of at least five billion European Currency
+Units and could be forced to choose between massive spending
+cuts or bankruptcy.
+    It has appealed to member states to pay an extra 1.5
+billion ECUs to help meet the deficit, caused by soaring farm
+spending and falling revenues.
+    But hardliners Britain and West Germany have insisted that
+there can be no extra cash for the Community this year and
+instead call for a clampdown on farm spending, which absorbs
+two thirds of the EC budget.
+    "We have to make clear that expenses should be based on
+income," West German Minister of State Hans Tietmeyer told
+reporters.
+    "There is no way the Germans will agree to extra financing
+in the form of national contributions," he added.
+    A second Commission proposal, which would plug most of the
+budget gap by paying member states in arrears rather than in
+advance for their spending on Community farm policies, was also
+far from agreement, diplomats added.
+    The proposal, strongly backed by Britain and West Germany,
+would save up to four billion ECUs if payments were delayed for
+two months.
+    But poorer member states, which would have to borrow funds
+to cover the delay, complain the change in the system would
+unfairly impose too much of the burden on them.
+    The European Parliament is also expected to refuse an early
+debate on the changeover in the farm payments system, further
+delaying any moves to solve the deficit problem, parliamentary
+sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7711" NEWID="18266">
+<DATE> 2-JUN-1987 15:50:04.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2516&#31;reute
+f f BC-******AHMANSON-TO-POS   06-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AHMANSON TO POST 2ND QTR WRITEOFF OF 24 MLN DLRS ON FSLIC RESERVE INVESTMENT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7712" NEWID="18267">
+<DATE> 2-JUN-1987 15:50:39.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2517&#31;reute
+u f BC-DATA-GENERAL-&lt;DGN>-SE   06-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA GENERAL &lt;DGN> SEES LITTLE SALES UPTURN</TITLE>
+<AUTHOR>    By Lawrence Edelman, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Data General Corp said sales continue to
+remain flat and it sees little evidence that demand will pick
+up in the near future.
+    The company had not "really seen any major change" in
+demand, vice president of group marketing, J. David Lyons, told
+Reuters in an interview. "Our sales have been moderate to flat,
+but certainly not down," Lyons said.
+    Data General president Edson de Castro declined to comment
+on his outlook for the computer industry or on the company's
+performance.
+   
+    Wall Street analysts said they were not surprised by the
+less than confident message from Data General which earlier
+today announced computer networking products to link personal
+computers with networks of its minicomputers and computers from
+other vendors.
+    "They've tried a number of different things that haven't
+seemed to work," said Paine Webber analyst Stephen Smith. "Data
+General is finding that aggressive pricing alone isn't enough"
+to win sales," Smith said.
+    In the second quarter ended March 31, Data General posted
+an operating loss of 24.4 mln dlrs, or 91 cts a share, compared
+to earnings of 2.0 mln dlrs, or eight cts a share, a year
+earlier. Sales for the quarter fell to 315.2 mln dlrs from
+318.8 mln dlrs.
+    Despite reports of an upturn in sales at rivals Digital
+Equipment Corp &lt;DEC> and International Business Machines Corp
+&lt;IBM>, Data General said it was not convinced that the
+minicomputer market had emerged from a two-year slump.
+    "We would rather wait until we see a sustained improvement
+in orders," Lyons said.
+   
+    Lyons said new hardware and software introduced by the
+company are a response to customers who want to tie together
+their growing number of PCs and to connect them with larger
+mini and mainframe computers.
+    He said the products are part of a new strategy of
+providing industry-standard systems that allow computers from
+different vendors to share and exchange information.
+   
+    Analysts noted that Data General is one of many companies
+promoting the integration of PCs with other office computers.
+    "PC integration is a tough strategy," said Smith.
+    "A lot of people are coming to the market from a lot of
+different angles," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7713" NEWID="18268">
+<DATE> 2-JUN-1987 15:56:42.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2521&#31;reute
+b f BC-SENATE-CLEARS-WAY-FOR   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE CLEARS WAY FOR PASSAGE OF MONEY BILL</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The Senate cleared away a
+parliamentary obstacle threatening final passage of a 9.4
+billion dlr money bill for the rest of fiscal 1987 ending
+October 1.
+    The Senate voted 64 to 32 to override objections the bill's
+money total violated the 1987 budget, a vote that required 60
+votes for approval.
+    The House-passed measure, debated by the Senate since May
+7, carries funds for most government activities with the bulk
+--6.7 billion dlrs--for agriculture support programs.
+    Final passage could come late tonight or tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7714" NEWID="18269">
+<DATE> 2-JUN-1987 15:57:10.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2522&#31;reute
+u f BC-NOLAND-&lt;NOLD.O>-MAY-S   06-02 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOLAND &lt;NOLD.O> MAY SALES DECLINES 11 PCT</TITLE>
+<DATELINE>    NEWPORT NEWS, Va., June 2 - </DATELINE><BODY>Noland Co said its May sales of
+35 mln dlrs was down 11 pct from the year-earlier period of
+38.8 mln dlrs.
+    For the first five months of 1987, the company said its
+sales totaled 161.8 mln dlrs, four pct less than the first five
+months of 1986 when the company posted sales of 169.0 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7715" NEWID="18270">
+<DATE> 2-JUN-1987 16:00:31.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2525&#31;reute
+f f BC-******AHMANSON-SAID-I   06-02 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AHMANSON SAID IT POSTPONED SALE OF UP TO ONE BILLION DLRS OF SECURITIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7716" NEWID="18271">
+<DATE> 2-JUN-1987 16:01:22.24</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2527&#31;reute
+u f AM-GULF-CONGRESS   06-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAST-MINUTE OPPOSITION TO GULF BILL ARISES</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>House Speaker Jim Wright predicted
+passage of legislation requiring the Reagan administration to
+provide Congress with a report on its Mideast Gulf policy, but
+a last-minute revolt by an alliance of liberals and
+conservatives left the bill's fate in doubt.
+    The legislation was written in the wake of the May 17th
+Iraqi missile attack on the U.S. frigate Stark in the Gulf,
+which killed 37 Americans, and President Reagan's decision to
+protect 11 Kuwaiti oil tankers by putting them under U.S. flags
+-- effectively making them American ships.
+    Since the administration made known its reflagging plans,
+congressional leaders complained they had not been consulted,
+and some charged the policy could lead the United States into
+the 6 1/2-year-old war between Iran and Iraq.
+    The House was to vote today on a bill -- supported by the
+Democratic and Republican congressional leadership and the
+administration -- which demanded a report within seven days on
+plans to meet the security needs of U.S. forces in the gulf.
+    The resolution was expected to pass without controversy
+today in the House Foreign Affairs Committee before the full
+House was to take up the bill. But in a surprise move, liberal
+Democrats and conservative Republicans on the committee joined
+in an unusual alliance to oppose the resolution.
+    Liberal Democrats said a lack of any restrictions in the
+bill implied consent to Reagan's policies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7717" NEWID="18272">
+<DATE> 2-JUN-1987 16:02:58.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2533&#31;reute
+f f BC-******U.S.-SELLING-13   06-02 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLING 13.2 BILLION DLRS OF 3 AND 6-MO BILLS JUNE 8 TO PAY DOWN 1.3 BILLION DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7718" NEWID="18273">
+<DATE> 2-JUN-1987 16:08:14.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2541&#31;reute
+b f BC-/U.S.-TO-SELL-13.2-BI   06-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO SELL 13.2 BILLION DLRS OF BILLS</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The U.S. Treasury said it will sell
+13.2 billion dlrs of three and six-month bills at its regular
+auction next week.
+    The June 8 sale, to be evenly divided between the three and
+six month issues, would result in a paydown of 1.3 billion dlrs
+as maturing bills total 14.512 billion dlrs.
+    The bills are to be issued June 11.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7719" NEWID="18274">
+<DATE> 2-JUN-1987 16:10:37.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2547&#31;reute
+r f BC-U.S.-WEEKLY-ELECTRIC   06-02 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WEEKLY ELECTRIC OUTPUT UP 6.8 PCT FROM 1986</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>U.S. power companies generated a net
+49.92 billion kilowatt-hours of electrical energy in the week
+ended May 30, up 6.8 pct from 46.74 billion a year earlier, the
+Edison Electric Institute (EEI) said.
+    In its weekly report on electric output, the electric
+utility trade association said electric output in the week
+ended May 23 was 49.86 billion kilowatt-hours.
+    The EEI said power production in the 52 weeks ended May 30
+was 2,578.41 billion kilowatt hours, up 2.7 pct from the
+year-ago period.
+    Electric output so far this year was 1072.97 billion
+kilowatt hours, up 3.2 pct from 1039.25 billion last year, the
+EEI said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7720" NEWID="18275">
+<DATE> 2-JUN-1987 16:11:50.64</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2550&#31;reute
+r f BC-USDA-SETS-0/92-PROVIS   06-02 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA SETS 0/92 PROVISION FOR SOME PRODUCERS</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Some producers in the 1987 acreage
+reduction program may be eligible for deficiency payments on 92
+pct of their enrolled acreage even though none of it is planted
+with wheat or other program crops, the U.S. Agriculture
+Department said.
+    The department said the provision of the Farm Disaster
+Assistance Act will be available to all eligible winter wheat
+producers, producers of other types of wheat who were prevented
+from planting their 1987 wheat crop because of a 1986 natural
+disaster, and all producers who operate farms with program crop
+acreage bases subject to flooding on 50 pct of such crop's
+permitted acreage.
+    A producer who did not enroll in the 1987 acreage reduction
+program may become eligible by signing-up no later than July
+15. Producers will be informed by the local offices when
+applications are being accepted, it said.
+    The department said producers of wheat other than winter
+wheat may use the 0/92 option if they were preventedf from
+planting their intended acreage with wheat for harvest in 1987
+because of any natural disasters which occured in 1986 or if
+the farm is located in a county approved by Farmers Home
+Administration for emergency loans for such disasters that
+occurred in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7721" NEWID="18276">
+<DATE> 2-JUN-1987 16:13:31.75</DATE>
+<TOPICS><D>carcass</D></TOPICS>
+<PLACES><D>usa</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2555&#31;reute
+u f BC-CCC-ACCEPTS-BONUS-ON   06-02 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS BONUS ON POULTRY TO IRAQ -- USDA</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The Commodity Credit Corporation (CCC)
+has accepted a bid for an export bonus to cover the sale of
+15,000 tonnes of frozen poultry to Iraq, the U.S. Agriculture
+Department said.
+    The poultry is for shipment June-September and the bonus
+was 719.80 dlrs per tone, it said.
+    The bonus award was made to ConAgra Poultry Co and will be
+paid in the form of commodities from the inventory of CCC
+stocks.
+    The purchase completes the Export Enhancement initiative
+for Frozen Poultry to Iraq announced December 22, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7722" NEWID="18277">
+<DATE> 2-JUN-1987 16:15:27.70</DATE>
+<TOPICS><D>carcass</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2557&#31;reute
+u f BC-CCC-ACCEPTS-BONUS-ON   06-02 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC ACCEPTS BONUS ON POULTRY TO EGYPT -- USDA</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The Commodity Credit Corporation (CCC)
+has accepted a bid for two bonus offers to cover the sale of
+10,000 tonnes of frozen poultry to Egypt, the U.S. Agriculture
+Department said.
+    The poultry is for shipment November, 1987, through August,
+1988, and the bonus was 473.99 dlrs per tonne for the frozen
+fryer legs. The bonuses were made to Gress Foods, Inc (5,000
+tonnes), and Serva International Ltd (5,000 tonnes).
+    The subsidies will be paid to the exporters in the form of
+commodities from CCC stocks.
+    An additional 8,500 tonnes of frozen poultry remain
+available to Egypt under the Export Enhancement Program
+initiative announced Dec 19, 1986, and Feb 27, 1987, the
+department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7723" NEWID="18278">
+<DATE> 2-JUN-1987 16:18:43.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2572&#31;reute
+d f AM-VOLKSWAGEN   06-02 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE BANK SAYS NO SUPPORT FOR VW MANAGEMENT</TITLE>
+<DATELINE>    FRANKFURT, West Germany, June 2 - </DATELINE><BODY>West Germany's biggest
+bank said it would withhold support from Volkswagen AG &lt;VOWG.F>
+management at next month's annual meeting because of the VW
+currency scandal.
+    Deutsche Bank AG &lt;DBKG.F> said it would abstain in votes
+exonerating VW management and the supervisory board, which
+represents shareholders and employees, unless an auditor's
+report on the currency scandal is published before the July 2
+annual meeting and either clearly absolves or blames the
+management and board.
+    Several shareholder groups have said they will vote against
+management at what promises to be a stormy annual meeting. If a
+majority of shareholders back these groups, the top management
+of Europe's biggest carmaker could be dismissed.
+    Deutsche said it expected the results of the auditor's
+report on the currency fraud, which cost VW some 260 mln dlrs,
+to be published before the annual meeting.
+    But in a letter to Deutsche customers depositing their VW
+shares at the bank, Deutsche wrote: "Without knowledge of these
+results, we do not think we are in a position to make you a
+suggestion for or against exoneration of the management board
+and supervisory board."
+    "Unless you give us instructions to the contrary, we will
+abstain with your shares ... but we reserve the right to vote
+for or against exoneration of the management board and
+supervisory board, if this seems in your interest in line with
+the results of the auditor's report," it added.
+    A strong shareholder vote against the management would
+empower the supervisory board to dismiss the management if it
+chooses, though such a move would not be mandatory.
+    A member of the supervisory board who does not receive
+exoneration at an annual meeting may have to step down.
+    An abstention or no-vote by banks on behalf of customers
+against management would in itself be a vote of no confidence.
+    German banks traditionally use their huge proxy votes at
+annual meetings to support the management of the company, in
+which they are often represented on the supervisory board.
+    VW management board chairman Carl Hahn said in April that
+1986 profits had been hit by the scandal, in which documents
+relating to currency arbitrage were allegedly faked, but
+profits for 1987 would not be affected.
+    Following the scandal, finance director Rolf Selowsky
+resigned, and former chief dealer Bobby Junger was arrested.
+    Deutsche represents 8-10 pct of VW's share capital, the
+sources said, and F. Wilhelm Christians, one of the bank's two
+management board spokesmen (chief executives) is on the VW
+supervisory board.
+    Banking sources said Deutsche was furious with VW after the
+bank led an international placement of VW shares from the
+company's record rights issue last September.
+    Less than two months later VW announced a sharp fall in
+interim profits, bashing its share price and severely denting
+confidence in the German share market generally.
+    A spokesman for the Savings Bank Association said that
+German savings banks would vote not to discharge Selowsky, and
+depending on whether the auditor's report was published would
+abstain on the vote for other management board members.
+    The federal government and the state of Lower Saxony
+together have 40 pct of VW shareholders' votes. It is still
+unclear how they will vote. Associations representing small
+shareholders will also ensure the annual meeting is heated.
+    The Protective Association for Securities Ownership has
+said it will vote against the entire management board, and the
+Protective Society for Small Shareholders will also vote
+against the supervisory board.
+    A spokeswoman for Deutsche Treuhand-Gesellschaft AG, the
+auditors commissioned by VW in March to investigate the
+scandal, declined to comment when its report would be issued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7724" NEWID="18279">
+<DATE> 2-JUN-1987 16:18:59.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2573&#31;reute
+r f BC-BILL-WITH-FARM-MONEY   06-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BILL WITH FARM MONEY NEARS U.S. SENATE OKAY</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The Senate cleared away a
+parliamentary obstacle threatening final passage of a 9.4
+billion dlr money bill for the rest of fiscal 1987.
+    The Senate voted 64 to 32 to override objections the bill's
+money total violated the 1987 budget, a vote that required 60
+votes for approval.
+    The House-passed measure, debated by the Senate since May
+7, carries funds for most government activities with the bulk,
+6.7 billion dlrs, for agriculture support programs.
+    Final passage could come late tonight or tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7725" NEWID="18280">
+<DATE> 2-JUN-1987 16:19:47.63</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2576&#31;reute
+u f BC-PHELPS-DODGE-&lt;PD>-SEE   06-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHELPS DODGE &lt;PD> SEES STRONGER COPPER PRICES</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Phelps Dodge Corp officials said good
+fundamentals in copper markets should lead to improving prices
+for the metal.
+    In an interview with Reuters, chairman G. Robert Durham
+said continued strong demand and low inventories pushed prices
+up eight to nine pct on the New York Commodities Exchange last
+month.
+    "Our customers in this country are living off the tailgates
+of our trucks," he said, referring to tightness of supply and
+strong demand. "The fundamentals are good."
+   
+    Asked if metal prices will continue to rise, Durham said;
+"All I know is, fundamentals cannot be ignored."
+    He said copper supplies are lower than they have been for
+almost 20 years. Last year, copper demand was second highest on
+record behind 1984, he said.
+    Phelps Dodge is the nation's largest copper company, with
+annual production expected to reach 500,000 tons this year.
+   
+    During the interview, executive vice president Douglas
+Yearley said he believed it was only a matter of time before
+the copper price rose "because there aren't that many new
+projects coming on, and demand, short of a major recession,
+will continue to grow modestly."
+    Copper for July delivery rose more than two cts a pound to
+more than 69 cents in Comex trading today. A one cent a pound
+rise in copper prices yields 10 mln dlrs in annual earnings for
+Phelps Dodge, the company said.
+    "Demand has been surprisingly good in 1987, in construction
+and other areas," Yearley said.
+   
+    New production later this year from a Bingham, Utah, mine
+owned by Kennecott Corp, a unit of British Petroleum Co PLC's
+&lt;BP> Standard Oil Co, a mine in New Guinea and Phelps Dodge's
+own expanded Morenci, Ariz., mine will be offset by production
+shortfalls in Mexico and Zambia, he said.
+    Durham said production costs at the New Mexico-located
+Chino mine will be in line with conventional copper production
+at the company's other mines by the fourth quarter. The
+company's total production costs, including depreciation but
+before interest and corporate expense, should be below 50 cts a
+pound by late 1989 or 1990, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7726" NEWID="18281">
+<DATE> 2-JUN-1987 16:19:55.77</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>usa</D><D>haiti</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2577&#31;reute
+u f BC-CCC-CREDIT-GUARANTEES   06-02 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC CREDIT GUARANTEES TO HAITI AMENDED</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The Commodity Credit Corporation (CCC)
+has amended its Export Credit Guarantee Program line to Haiti
+to add one mln dlrs in guarantees for sales of U.S. wood
+products, the U.S. Agriculture Department said.
+    The action increases the value of export credit guarantees
+for wood products to Haiti from 1.8 to 2.8  mln dlrs and the
+total value of export credit guarantees authorized to Haiti for
+the current fiscal year for all commodities to 12.0 mln dlrs,
+the department said.
+    All sales must be registered and exports completed by Sept
+30, 1987, it noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7727" NEWID="18282">
+<DATE> 2-JUN-1987 16:22:03.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2586&#31;reute
+h f BC-U.S.-SUGAR-&lt;USUG.O>-P   06-02 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SUGAR &lt;USUG.O> PRESIDENT TO RETIRE</TITLE>
+<DATELINE>    CLEWISTON, Fla., June 2 - </DATELINE><BODY>John Boy, president and chief
+executive officer of the U.S. Sugar Corp, said he will retire
+effective June 30, 1987.
+    He will be replaced by J. Nelson Fairbanks, currently
+senior vice president, the company said.
+    Boy will be the vice chairman of the board effective July
+One, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7728" NEWID="18283">
+<DATE> 2-JUN-1987 16:22:10.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2587&#31;reute
+r f BC-TEXAS-AMERICAN-ENERGY   06-02 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AMERICAN ENERGY CORP &lt;TAE> 1ST QTR</TITLE>
+<DATELINE>    MIDLAND, Texas, June 2 -
+    </DATELINE><BODY>Shr 42 cts vs 22 cts
+    Net 3,445,000 vs 2,326,000
+    Revs 41.7 mln vs 51.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7729" NEWID="18284">
+<DATE> 2-JUN-1987 16:23:10.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2589&#31;reute
+r f BC-BRANIFF-INC-&lt;BAIR.O>   06-02 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRANIFF INC &lt;BAIR.O> MAY TRAFFIC ROSE</TITLE>
+<DATELINE>    DALLAS, June 2 - </DATELINE><BODY>Braniff Inc  aid its May load factor rose
+to 59.15 pct from 57.16 pct. Revenue passenger miles rose 25.7
+pct to 268.9 mln miles from 213.8 mln miles and available seat
+miles rose 21.5 pct to 454.5 mln miles from 374.1 mln miles.
+    Year-to-date load factor rose 56.22 pct from 55.35 pct.
+Revenue passenger miles rose 34.2 pct to 1.3 billion from 934.2
+mln and available seat miles rose 32.2 pct to 2.2 billion from
+1.7 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7730" NEWID="18285">
+<DATE> 2-JUN-1987 16:24:06.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2594&#31;reute
+r f BC-CENTRAL-PENNSYLVANIA   06-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL PENNSYLVANIA &lt;CPSA.O> ADJUSTS RESULTS</TITLE>
+<DATELINE>    SHAMOKIN, Pa., June 2 - </DATELINE><BODY>Central Pennsylvania Financial Corp
+said its earnings for the year ended March 31 have been
+adjusted downward by 126,000 dlrs to 3,005,000 dlrs.
+    The company said the adjustment is due to today's Federal
+Home Loan Bank Board announcement that the Federal Savings and
+Loan Insurance Corp has cancelled the secondary reserve payment
+from all its members.
+    It said the adjusted net income of 3,005,000 dlrs, or 2.34
+dlrs a share, compares to the previously reported 3,131,000
+dlrs, or 2.44 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7731" NEWID="18286">
+<DATE> 2-JUN-1987 16:24:13.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2595&#31;reute
+r f BC-SWEET-VICTORY-&lt;SVICC.   06-02 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEET VICTORY &lt;SVICC.O> CONTINUES ON NASDAQ</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Sweet Victory Inc said its common stock
+will continue to be listed in Nasdaq via an exception from the
+capital and surplus requirement.
+    The company said while it failed to meet this requirement
+as of April 6, 1987, it was granted a temporary exception
+subject to it meeting certain conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7732" NEWID="18287">
+<DATE> 2-JUN-1987 16:24:23.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2596&#31;reute
+r f BC-TRUSTCOMPANY-BANCORP   06-02 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRUSTCOMPANY BANCORP &lt;TCBC.O> UPS QTLY DIVIDEND</TITLE>
+<DATELINE>    JERSEY CITY, N.J., June 2 - </DATELINE><BODY>Trustcompany Bancorporation
+said the company is raising its cash dividend to 1.56 dlrs from
+1.20 dlrs a share.
+    The company said the dividend increase was based on a 43
+pct increase in net income for 1986 and an additional 42 pct
+increase in the first quarter of this year.
+    Trustcompany said net income for the first three months of
+1987 were 2.84 mln dlrs compared to two mln dlrs over the same
+period last year.
+   
+    In addition, the company said it expects net income this
+year to rise substantially over 1986, when the company reported
+earnings of 8.8 mln dlrs or 7.24 dlrs per share.
+    Trustcompany also said it plans to open 13 additional bank
+branches, but did not disclose details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7733" NEWID="18288">
+<DATE> 2-JUN-1987 16:24:44.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2598&#31;reute
+d f BC-GENERAL-ELECTRIC-&lt;GE>   06-02 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC &lt;GE> SELLS ENGINES TO BAHRAIN</TITLE>
+<DATELINE>    EVENDALE, Ohio, June 2 - </DATELINE><BODY>General Electric Co said the
+Bahrain Amiri Air Force selected its engines to power 12 of its
+General Dynamics Corp &lt;GD> fighter aircraft.
+    The company did not disclose the price of the engines.
+    The company said Bahrain was the fourth foreign nation to
+select the engine. The others are the Greek, Israeli and
+Turkish air forces, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7734" NEWID="18289">
+<DATE> 2-JUN-1987 16:25:08.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2600&#31;reute
+d f BC-SHAWMUT-&lt;SHAS.O>-CHAN   06-02 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAWMUT &lt;SHAS.O> CHANGES NAME OF SUBSIDIARY</TITLE>
+<DATELINE>    BOSTON, June 2 - </DATELINE><BODY>Shawmut Corp said it changed the name of
+its subsidiary, First Gibraltar Mortgage Corp, to Shawmut First
+Mortgage Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7735" NEWID="18290">
+<DATE> 2-JUN-1987 16:25:25.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2601&#31;reute
+d f BC-PIEDMONT-AIRLINES-&lt;PI   06-02 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT AIRLINES &lt;PIE> REPORTS CARGO RESULTS</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., June 2 - </DATELINE><BODY>Piedmont Airlines said its
+total cargo load in April increased 39.5 pct compared to April
+1986.
+    Piedmont said in April 1987 it carried a total of 4,949,369
+ton miles of cargo compared to 3,546,543 ton miles last April.
+    In addition, the airline said in the first four months of
+1987, total cargo load increased 30 pct to 18.2 mln ton miles
+from 14.0 mln ton miles over the same period last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7736" NEWID="18291">
+<DATE> 2-JUN-1987 16:26:06.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2604&#31;reute
+r f BC-BRISTOL-MYERS-CO-&lt;BMY   06-02 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRISTOL-MYERS CO &lt;BMY> DECLARES DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Bristol-Myers Co said it declared a
+dividend of 35 cts a share on its common, reflecting the
+two-for-one stock split approved at the May five annual meeting
+of the company.
+    The dividend is payable August one to shareholders of
+record July three.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7737" NEWID="18292">
+<DATE> 2-JUN-1987 16:26:48.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2608&#31;reute
+r f BC-CBS/FOX-VIDEO-SEES-HI   06-02 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBS/FOX VIDEO SEES HIGHER 1987 REVENUES</TITLE>
+<DATELINE>    CHICAGO, June 2 - </DATELINE><BODY>CBS/Fox Video Co, an equal partnership of
+CBS Inc &lt;CBS> and 20th Century-Fox Film Corp, expects revenues
+for 1987 to exceed 400 mln dlrs, up from 361 mln dlrs last
+year, President James Fifield said in an interview.
+    Despite a leveling out of video recorder sales, Fifield
+sees strong international business for the producer and
+marketer of prerecorded videocassettes. He also said expansion
+into non-theatrical products is bolstering results.
+    Fifield was in Chicago to attend the summer Consumer
+Electronics Show.
+    CBS/Fox Video projects the industry will sell about 116 mln
+units with a total manufacturers value of 3.3 billion dlrs.
+    Fifield told Reuters his company will introduce "at least
+20 of our best titles" in the fall to accommodate the new
+Compact Disc-Video system.
+    He also said CBS/Fox will support the new S-VHS, or Super
+VHS high-resolution format with titles to match demand.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7738" NEWID="18293">
+<DATE> 2-JUN-1987 16:28:20.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2616&#31;reute
+r f BC-DANIEL-&lt;DAN>-UNIT-GET   06-02 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANIEL &lt;DAN> UNIT GETS PIPELINE CONTRACT</TITLE>
+<DATELINE>    HOUSTON, June 2 - </DATELINE><BODY>Daniel Industries Inc said its
+Measurement and Control Division has been awarded a contract
+valued at about 7.5 mln dlrs by &lt;SPIE Capag S.A.> for metering
+and control systerms for 11 stations on the USSR - Turkey
+Pipeline System Project.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7739" NEWID="18294">
+<DATE> 2-JUN-1987 16:28:38.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2618&#31;reute
+r f BC-intermetco-ltd   06-02 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERMETCO LTD &lt;INT.TO> SIX MTHS APRIL 30 NET</TITLE>
+<DATELINE>    HAMILTON, Ontario, June 2 -
+    </DATELINE><BODY>Shr 18 cts vs 27 cts
+    Net 283,000 vs 435,000
+    Revs 97.8 mln vs 95.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7740" NEWID="18295">
+<DATE> 2-JUN-1987 16:29:06.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2620&#31;reute
+r f BC-S/P-DOWNGRADES-ALLEGH   06-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P DOWNGRADES ALLEGHENY INTL &lt;AG> SENIOR DEBT</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Standard and Poor's said it downgraded
+446 mln dlrs of Allegheny International Inc's senior debt to
+CCC from B-minus and subordinated debt to CCC-minus from
+CCC-plus.
+    Also downgraded to CCC-plus from B was the senior debt of a
+unit Allegheny Sunbeam Corp. Allegheny's preferred stock was
+affirmed at C.
+    S and P cited further erosion in the firm's flexibility due
+to a restrictive bank loan agreement and limited debt servicing
+capability. In spite of restructuring efforts, the firm
+reported first quarter losses of 38.5 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7741" NEWID="18296">
+<DATE> 2-JUN-1987 16:35:13.36</DATE>
+<TOPICS><D>instal-debt</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2631&#31;reute
+u f BC-FED-TO-RELEASE-U.S.-A   06-02 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED TO RELEASE U.S. APRIL CONSUMER CREDIT JUNE 5</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The Federal Reserve Board said it
+would release April consumer instalment credit figures on
+Friday.
+    No fixed time was set for the release.
+    Consumer credit fell a seasonally adjusted 63 mln dlrs in
+March after rising 1.01 billion dlrs in February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7742" NEWID="18297">
+<DATE> 2-JUN-1987 16:35:43.98</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>senegal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2632&#31;reute
+u f BC-U.S.-WHEAT-IN-SENEGAL   06-02 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WHEAT IN SENEGAL MARKET -- USDA</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>After a highly favorable reception of
+a trial batch of bread baked from 300 lbs of U.S. wheat flour
+last February, the Senegalese appear ready to take delivery of
+a first tranche of 10,500 tonnes of mixed U.S. wheat, the U.S.
+Agriculture Department said.
+    In its report on U.S. Export Markets for U.S. Grain, the
+department noted Senegal had bought 100,000 tonnes of wheat
+under the Export Enhancement Program last November, but local
+opposition from millers, accustomed to French wheat, has been
+delaying deliveries.
+    As a result there were a series of baking seminars as well
+as the trial batch, in an effort to satisfy local flour millers
+and convince key officials of the qualities of U.S. wheat.
+    The department said if deliveries of U.S. wheat to Senegal
+remain on track, the U.S. could dominate a wheat market that
+had been expected to import 140,000 tonnes of mostly French
+wheat during the 1987/88 (July-June) season.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7743" NEWID="18298">
+<DATE> 2-JUN-1987 16:36:35.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2636&#31;reute
+u f BC-SEARS-&lt;S>-DOWNGRADED   06-02 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> DOWNGRADED BY E.F. HUTTON</TITLE>
+<DATELINE>    CHICAGO, June 2 - </DATELINE><BODY>Sears, Roebuck and Co's stock was
+downgraded one notch from a neutral rating, said E.F. Hutton
+analyst Bernard Sosnick.
+    The company's stock closed at 50, off 1-1/4.
+    Sosnick said "sluggish sales cloud the economic picture and
+concern about the outlook for credit income diminish Sears'
+near-term investment prospects." He said the retail sales in
+May were weak, which would mean sales have been below plan for
+the past two months.
+    Sosnick said indications are that Sears may not be as
+strong a performer as other retailers.
+    However, he said his earnings estimate for the company for
+1987 remains unchanged at 4.50 dlrs a share compared to 3.62
+dlrs a share in 1986. He added that "as a result of weakening
+sales momentum, we have less confidence in that estimate."
+    The analyst said it projects second quarter earnings in the
+1.05 to 1.10 dlrs a share range, up from 77 cts a year ago. The
+1987 estimate includes an 18 ct a share gain from the sale of
+50 savings bank branches and strong earnings contribution from
+Allstate Insurance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7744" NEWID="18299">
+<DATE> 2-JUN-1987 16:38:43.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D><D>greenspan</D><D>reagan</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2639&#31;reute
+b f BC-/VOLCKER-LEAVING-DESP   06-02 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER LEAVING DESPITE REAGAN REQUESTS TO STAY</TITLE>
+<AUTHOR>    By Peter Torday, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Paul Volcker's departure as Federal
+Reserve Board chairman came despite pleas from the Reagan
+administration that he stay at the helm of the U.S. central
+bank, U.S. officials said.
+    "The President made it very clear that he would be very,
+very pleased had the chairman's decision been otherwise,"
+Treasury Secretary James Baker said.
+    A Reagan administration official, who asked not to be
+identified, said Baker too had urged Volcker repeatedly in the
+past several months to consider staying on as chairman.
+    But there were no indications the administration had told
+Volcker that it was in the national interest for him to stay
+and that current global economic uncertainties required it.
+    Associates of Volcker have assumed Volcker would only have
+stayed on in such circumstances. "He doesn't care a lot,
+emotionally, about a third term," Nikko Securities vice-chairman
+Stephen Alixrod, until last year a top Fed staffer, told
+Reuters recently.
+    Officials are confident that newly-nominated chairman Alan
+Greenspan will re-establish close working relations with Baker
+and his credentials eventually will calm markets.
+    One Reagan administration economic policymaker, who asked
+not to be named, pointed out that Baker and Greenspan worked
+together closely in the Ford administration.
+    At the time, Baker was acting Secretary of Commerce and
+Greenspan headed the President's Council of Economic Advisers.
+    Reagan administration officials made clear, meanwhile, that
+the announcement, precipitated by Volcker's unshakeable
+decision to quit, came in order to clear up uncertainty ahead
+of the Summit of leading industrial democracies in Venice.
+    President Reagan might have been in an embarrassing
+position if no decision had been made by then.
+    Volcker enjoys the respect of most top economic officials
+abroad, and is admired at the West German Bundesbank, and in
+Tokyo, despite his criticism  of Japanese policies.
+    Financial markets, possibly reflecting some of the
+disappointment in foreign capitals, drove the dollar sharply
+lower on news of his departure, prompting central bank
+intervention to stem the fall, dealers said.
+    Finance Ministries and central banks of the other summit
+nations -- Japan, West Germany, Britain, France, Italy and
+Canada -- were informed shortly before the news was announced,
+Baker told reporters today.
+    Monetary sources also said one reason Volcker decided to
+resign was his personal financial situation and his marriage 
+-- his wife lives in New York and did not want him to take up a
+second term in mid-1983.
+    Volcker has foregone potentially million-dollar salaries to
+a life almost overwhelmingly devoted to public service at pay
+rates low relative to his financial commitments.
+    Both these reasons at one time prompted him to consider
+stepping down before his second term was completed.
+    But Volcker also hinted there might be more than personal
+reasons for his decision. "It was a personal decision, taking
+account of a lot of things, including purely personal
+considerations and others," he told reporters.
+    Fed sources note Volcker's considerable unease at the lack
+of progress by the administration in reaching a budget deficit
+reduction agreement.
+    In addition, Volcker would have faced four more years with
+a Board that he was less than comfortable with, monetary
+sources say. The other five members are Reagan appointees.
+    What may unsettle markets, however, is the fact that the
+Fed governors now have only six to seven years' collective
+experience between them, at a time of great financial
+uncertainty.
+    Analysts said that while Greenspan might well be considered
+as tough an inflation-fighter as Volcker, his Republican
+credentials could make him more of a political Fed chairman
+than Volcker.
+    An administration official said Volcker was consulted on
+Greenspan "and very much approved of his replacement."
+    But one analyst compared Greenspan's relationship to the
+administration, to whom he has been an unofficial economic
+adviser, with the relationship former chairman Arthur Burns had
+with the Nixon administration.
+    Burns was somewhat more sympathetic to the administration
+viewpoint than Volcker has been, and Burns was less willing to
+make radical policy changes.
+    Making clear his decision was a strong one, Volcker told
+reporters, "I told (Reagan) with considerable definitiveness
+yesterday." Administration officials said Volcker arrived at the
+White House yesterday afternoon with his resignation.
+    When renominated in mid-1983, Volcker said he would
+probably step down within two years. Monetary sources said the
+departure of Donald Regan as Treasury Secretary was one factor
+that convinced him to stay on. Regan and Volcker clashed almost
+from the start of the administration.
+    Another, these sources said, was the prospect of being able
+to work with Baker as Treasury Secretary to tackle the
+international debt crisis and deal with the then high-flying
+dollar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7745" NEWID="18300">
+<DATE> 2-JUN-1987 16:40:49.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2644&#31;reute
+r f BC-PREFERRED   06-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROFESSOR LIFTS BANC TEXAS &lt;BTX> PREFERRED STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>A University of Massachusetts finance
+professor said he raised his stake in Banc Texas Group Inc to
+45,340 shares of 1.4625 dlr cumulative preferred stock, or 7.4
+pct of the total, from 30,300 shares, or 5.0 pct.
+    In a filing with the Securities and Exchange Commission,
+Ben Shirley Branch also said he bought 52,025 shares of Class A
+cumulative convertible preferred stock, or 5.9 pct of the
+total, for 160,000 dlrs, bringing his total investment in both
+preferred series to about 330,000 dlrs.
+    Branch said he bought the stock as an investment, but
+reserved the right to try to influence the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7746" NEWID="18301">
+<DATE> 2-JUN-1987 16:45:10.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2654&#31;reute
+u f BC-AHMANSON-&lt;AHM>-TO-TAK   06-02 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AHMANSON &lt;AHM> TO TAKE 2ND QTR WRITEOFF</TITLE>
+<DATELINE>    LOS ANGELES, June 2 - </DATELINE><BODY>H.F. Ahmanson and Co said second
+quarter earnings will include the write-off of the company's 24
+mln dlr investment in the Federal Savings and Loans Insurance
+Corporation.
+    The company also said it will postpone planned second
+quarter sales of up to one billion dlrs of adjustable rate
+mortgage-backed securities because secondary market premiums
+have temporarily contracted.
+   
+    It said the write-off will reduce net earnings for the
+quarter and year by about 13 cents per share and the
+postponement of securities sales will defer about 30 cts per
+share of profits to subsequent quarters.
+    The company said the write-off of the FSLIC asset was
+prompted by a recent General Accounting Office report that
+declared the FSLIC technically insolvent.
+    The company said it also received a letter from the FSLIC
+informing Ahmanson that it will not honor its long-standing
+obligation to Ahmanson's Home Savings of America unit, as well
+as to hundreds of other thrifts.
+   
+    The company said the letter stated that Ahmanson's
+investment should be written off in May.
+    The company reported second quarter net income last year of
+76.6 mln dlrs, or 80 cts per share. Ahmanson reported 1986 net
+income of 303.6 mln dlrs, or 3.22 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7747" NEWID="18302">
+<DATE> 2-JUN-1987 16:46:39.70</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2657&#31;reute
+d f AM-TEXTILES   06-02 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT CRUCIAL TO U.S. TEXTILE RECOVERY</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>With more private investment, not more
+protection, the U.S. textile industry could become competitive
+with the most modern foreign producers, analysts from two
+congressional agencies said today.
+    The Office of Technology Assessment, a nonpartisan arm of
+Congress told a House Ways and Means Trade Subcommittee hearing
+there was still concern for the future of parts of the U.S.
+textile and apparel industry, but there was more reason for
+optimism than a few years ago.
+    "While textile producers are making significant
+investments, they could do more," OTA analyst Henry Kelly said.
+    The Congressional Budget Office (CBO), the nonpartisan
+budget analysis arm of Congress, said federal loans or loan
+guarantees would be preferable options for Congress rather than
+increased trade protection which could lead to foreign
+retaliation.
+    CBO analyst Edward Gramlich said past trade protections,
+first imposed in the 1950's have had only a small benefit for
+profits and investments of domestic firms.
+    Trade Subcommittee chairman, Rep. Sam Gibbons, said the
+agencies analyses seemed to agree with his opinion against
+congressional approval of protectionist textile quota
+legislation aimed mainly at Western Europe, Japan and other
+Asian textile producing countries.
+    President Reagan last year vetoed a textile protection bill
+but it was reintroduced in this session of Congress and is
+expected to be voted on in the House this year.
+    However, approval this year is in doubt because passage of
+a major trade bill without specific protections for textiles
+showed a weakening of support for the legislation.
+    Most U.S. producers have fallen behind other foreign
+producers in the use of modern textile and apparel production
+equipment and net imports are growing faster than the domestic
+markets, Kelly said.
+    He added that private investment in the textile and
+clothing industry in 1983 of 0.5 pct was less than one-seventh
+the average manufacturing investment of 3.9 pct.
+    Despite existing import quotas and tariffs, imports of
+textiles grew 26 pct in 1986 and imports of apparel grew 14 pct
+while U.S. production rose only 1.9 pct.
+    "The traditional industry seems destined to be replaced by
+new technology, imports, or some combination of both. While the
+industry may not be able to compete in all domestic markets
+that it enjoyed twenty years ago, the results of our research
+indicate that portions of the domestic market can be recovered,
+and that exports can be expanded," Kelly said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7748" NEWID="18303">
+<DATE> 2-JUN-1987 16:47:30.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2659&#31;reute
+a f BC-&lt;IONE-INC>-SIX-MONTHS   06-02 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;IONE INC> SIX MONTHS MARCH 31 NET</TITLE>
+<DATELINE>    MINNEAPOLIS, June 2 -
+    </DATELINE><BODY>Shr two cts vs n.a.
+    Net 68,281
+    Revs 639,471
+    NOTE: Company became public in March 1987
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7749" NEWID="18304">
+<DATE> 2-JUN-1987 16:47:34.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2660&#31;reute
+s f BC-FGIC-CORP-&lt;FGC>-QTLY   06-02 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FGIC CORP &lt;FGC> QTLY DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, June 2 -
+    </DATELINE><BODY>Qtly div one cts vs one cts prior
+    Payable July 1
+    Record June 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7750" NEWID="18305">
+<DATE> 2-JUN-1987 16:48:59.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2665&#31;reute
+h f BC-DI-INDUSTRIES-FLORIDA   06-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DI INDUSTRIES FLORIDA UNIT GETS WATER CONTRACT</TITLE>
+<DATELINE>    HOUSTON, June 2 - </DATELINE><BODY>Drillers Inc of Florida, a unit of &lt;DI
+Industries Inc>, formerly Drillers Inc &lt;DRL>, said it has
+received two separate contracts for water injection projects
+valued at 408,500 dlrs and 850,000 dlrs respectively.
+    DI Industries said another unit, Drillers Inc of Texas
+completed a 560,000-dlr Department of Defense project which
+involved drilling a vertical firing shaft for the department's
+R and D Railgun.
+    DI said the projects represented efforts of the company to
+diversify from its traditional oil and gas drilling contracts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7751" NEWID="18306">
+<DATE> 2-JUN-1987 16:50:53.19</DATE>
+<TOPICS><D>grain</D><D>oilseed</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2673&#31;reute
+u f BC-RAINS-AID-MANITOBA-CR   06-02 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAINS AID MANITOBA CROPS DURING WEEK</TITLE>
+<DATELINE>    WINNIPEG, June 2 - </DATELINE><BODY>Widespread, soaking rains aided crop
+development across the province, with the northwest crop
+producing region receiving the most precipitation, according to
+the Manitoba Agriculture weekly crop report.
+    The rains replenished formerly low soil moisture reserves,
+with reserves in all areas now rated good, the report said.
+    Plantings were virtually complete across the province and
+germination was well advanced. However, some fields still
+showed spotty stands.
+    Cereal crops in the southwest were 90 pct germinated, with
+some fields already in the subsequent tillering stage, it said.
+Oilseeds in the northwest region were about 80 pct emerged in
+many areas, with other regions 50 to 70 pct emerged.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7752" NEWID="18307">
+<DATE> 2-JUN-1987 16:55:06.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2691&#31;reute
+r f BC-ATLAS-YELLOWKNIFE-&lt;AY   06-02 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLAS YELLOWKNIFE &lt;AY.TO> SIX MTHS LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, June 2 - </DATELINE><BODY>Period ended March 31
+    Shr loss nil vs profit one ct
+    Net loss 36,000 vs profit 310,000
+    Revs 1,172,000 vs 1,686,000
+    Note: Full name Atlas Yellowknife Resources Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7753" NEWID="18308">
+<DATE> 2-JUN-1987 16:56:26.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2692&#31;reute
+r f BC-woodward's-ltd   06-02 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOODWARD'S LTD &lt;WDSA.TO> 1ST QTR MAY 2 LOSS</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, June 2 -
+    </DATELINE><BODY>Shr loss 32 cts vs loss 37 cts
+    Net loss 5,374,000 vs loss 6,159,000
+    Revs 241.3 mln vs 253.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7754" NEWID="18309">
+<DATE> 2-JUN-1987 16:56:54.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2694&#31;reute
+u f BC-COMMONWEALTH-MORTGAGE   06-02 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH MORTGAGE CO INC &lt;CCMC.O> 4TH QTR</TITLE>
+<DATELINE>    WELLESLEY, Mass., June 2 - </DATELINE><BODY>Qtr ended April 30.
+    Shr 32 cts vs 20 cts
+    Net 1,982,000 vs 1,022,000
+    Year
+    Shr 1.22 dlrs vs 59 cts
+    Net 7,005,000 vs 3,030,000
+    Assets 191.3 mln vs 116.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7755" NEWID="18310">
+<DATE> 2-JUN-1987 16:57:09.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2696&#31;reute
+r f BC-CENTRAL-MAINE-&lt;CTP>-S   06-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL MAINE &lt;CTP> SEEKS COGENERATOR SPONSORS</TITLE>
+<DATELINE>    AUGUSTA, Maine, June 2 - </DATELINE><BODY>Central Maine Power Co said it
+issued a request for proposals for about 150 project sponsors
+of cogeneration and small power production projects.
+    The utility said it is soliciting proposals to fill about
+100 megawatts of commitments to the Maine Public Utilities
+Commission. The avoided costs which will be paid for power
+produced by these projects will be based on costs negotiated
+between Central Maine and Hydro-Quebec for planned power
+purchases beginning in 1992.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7756" NEWID="18311">
+<DATE> 2-JUN-1987 16:57:33.71</DATE>
+<TOPICS><D>gas</D><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2698&#31;reute
+f f BC-******API-SAYS-DISTIL   06-02 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>API SAYS DISTILLATE STOCKS UP 2.85 MLN BBLS, GASOLINE OFF 2.37 MLN, CRUDE OFF 1.13 MLN 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7757" NEWID="18312">
+<DATE> 2-JUN-1987 16:59:03.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2701&#31;reute
+u f BC-REAGAN-NAMES-ROGERS-T   06-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN NAMES ROGERS TO NUCLEAR AGENCY</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>President Reagan is to nominate
+Kenneth Rogers, president of the Stevens Institute of
+Technology, to be a member of the Nuclear Regulatory
+Commission, the White House said.
+    Rogers, 58, would succeed James Asseltine for a five-year
+term expiring June 30, 1992. He has has been president of the
+Stevens Institute, in Hoboken, N.J., since 1972. He was
+previously acting provost and dean of faculty.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7758" NEWID="18313">
+<DATE> 2-JUN-1987 16:59:17.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2703&#31;reute
+u f BC-STOCKHOLDERS-WON'T-PU   06-02 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOCKHOLDERS WON'T PURSUE CONTINENTAL &lt;CUO> BID</TITLE>
+<DATELINE>    CHICAGO, June 2 - </DATELINE><BODY>Continental Associates, a group of four
+shareholders who hold about 5.02 pct of of Continental
+Materials Corp stock, said it will not pursue a tender offer
+for all of its shares.
+    The shareholders said they were told that Continental
+Materials directors had no interest in selling the company.
+    Late yesterday, Continental Materials board said it decided
+not to give further consideration to a "business combination"
+proposed by the group of St. Louis businessmen.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7759" NEWID="18314">
+<DATE> 2-JUN-1987 17:00:16.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2706&#31;reute
+r f BC-BELL-ATLANTIC-&lt;BEL>-F   06-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL ATLANTIC &lt;BEL> FILES FOR NEW YORK SERVICE</TITLE>
+<DATELINE>    BASKING RIDGE, N.J., June 2 - </DATELINE><BODY>Bell Atlantic Mobile Systems
+said it filed with the New York Public Service Commission
+proposed retail rates to market mobile telephone services in
+the metropolitan New York City area.
+    The company expects the rates to go into effect July 1,
+after a 60-day statutory period, pending regulatory approval.
+    It said the approved price structure is the last regulatory
+step before the company begins marketing cellular service and
+equipment in northern New Jersey.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7760" NEWID="18315">
+<DATE> 2-JUN-1987 17:04:15.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-africa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A
+&#22;&#22;&#1;f2718&#31;reute
+u f BC-SUBCOMMITTEE-APPROVES   06-02 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S SUBCOMMITTEE APPROVES DEVELOPMENT BANK FUNDS</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>A House Banking subcommittee approved
+a bill authorizing U.S. contributions to the International
+Development Association, the Asian Development Fund and the
+Afrian Development Bank.
+    The bill authorizes 2.875 billion dlrs as the U.S.
+contribution to the eighth replenishment of the International
+Development Association, 584.3 mln dlrs to the Asian
+Development Fund and 719.5 mln dlrs to buy 59,648 shares of the
+capital stock of the African Development Bank.
+    The bill, which now goes to the full Banking Committee,
+includes an amendment opposing U.S. approval of development
+bank loans for commodities in surplus in the world and which
+are intended for export.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7761" NEWID="18316">
+<DATE> 2-JUN-1987 17:10:14.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>greenspan</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM A
+&#22;&#22;&#1;f2731&#31;reute
+r f BC-BANK-OF-CANADA-WELCOM   06-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF CANADA WELCOMES GREENSPAN APPOINTMENT</TITLE>
+<DATELINE>    OTTAWA, June 2 - </DATELINE><BODY>The Bank of Canada, the country's central
+bank, believes economist Alan Greenspan was a sound choice to
+replace retiring U.S. Federal Reserve Chairman Paul Volcker, a
+spokesman for the bank said.
+    "Mr. Greenspan is well known to the bank. He's had a lot of
+experience. He's very capable, and with Mr. Volcker's decision
+not to seek reappointment, he's a sound choice," said Roy
+Flett, associate secretary for the bank.
+    Flett said, "the Bank of Canada has enjoyed an excellent
+relationship with Mr. Volcker during his terms and has only the
+greatest respect for his performance."
+    Economists said the appointment was extremely important to
+Canada because the country's monetary policy is closely linked
+with that of the U.S.
+    "Basically, we have chosen ... to march in lockstep with
+U.S. monetary policy, so really in some sense this is our
+central banker that has just been appointed as well," said Mike
+McCracken, head of Infometrica Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7762" NEWID="18317">
+<DATE> 2-JUN-1987 17:11:03.96</DATE>
+<TOPICS><D>acq</D><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2735&#31;reute
+u f BC-PHELPS-DODGE-&lt;PD>-SET   06-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHELPS DODGE &lt;PD> SETS SIGHTS ON ACQUISITION</TITLE>
+<AUTHOR>    By Steven Radwell, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Phelps Dodge Corp chairman G. Robert
+Durham said the company is prepared to make another large
+non-copper acquisition and that a deal could be struck in the
+near future.
+    In an interview with Reuters, Durham said the company was
+examining potential candidates but not yet talking with any.
+    He declined to name the companies but said a deal could
+occur as soon as the second half of 1987.
+   
+    Phelps Dodge, which ranks as the largest copper producer in
+the U.S., last year paid 240 mln dlrs for Columbian Chemicals
+Co, a maker of carbon black which is used in rubber and tires
+among other products.
+    The purchase was part of a strategic plan to diversify and
+eventually match earnings from non-copper operations and copper
+operations.
+    Phelps Dodge could spend between 250 mln and 500 mln dlrs
+to buy another non-copper company, Durham said, citing about
+100 mln dlrs of cash and 580 mln dlrs of untapped bank credit.
+   
+    Any acquisition candidate would have to have a different
+economic cycle than copper, substantial earnings and good
+management, he said. Phelps Dodge would only want a friendly
+deal, he added.
+    "We're not talking high-tech, or financial services or
+about a perfume company," he said. "We want a good basic
+industrial company that will fit into our management
+structure," Durham said.
+   
+    During the interview, Durham and other executives also said
+continued strong demand and tight copper supply should lead to
+higher prices for the metal.
+    "In my view, it's not a matter of if but when the price
+(for copper) will improve because there aren't that many new
+projects coming on, and demand, short of a major recession,
+will continue to grow modestly," said executive vice president
+Douglas Yearley. Phelps Dodge continues to lower its cost of
+producing copper, the executives said. Costs should be below 50
+cents a pound, after depreciation but before interest and
+corporate expense, by 1989 or 1990.
+    Production costs are about 56 to 57 cents a pound now
+compared to one dlr a pound in 1981, some Wall St analysts
+said.
+    Durham said copper supplies are lower than they have been
+for almost 20 years and demand continued to be strong.
+    He declined to project results for the second quarter or
+year. But he said the quarter was going well and the rise in
+copper prices in the last month will help results.
+    Durham said last month that the second quarter should match
+the first quarter when earnings rose about 11 pct to 16.8 mln
+dlrs or 49 cts a share.
+    First quarter sales rose 61.5 pct to 372.9 mln dlrs,
+reflecting the acquisition of Columbian Chemicals and increased
+copper shipments from the Chino copper mine in New Mexico, also
+acquired last year.
+    Analysts are projecting 1987 earnings of 2.20 dlrs to 2.75
+dlrs a share, up sharply from 1.79 dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7763" NEWID="18318">
+<DATE> 2-JUN-1987 17:11:13.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2736&#31;reute
+u f BC-LILLY-&lt;LLY>-TO-PAY-RO   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LILLY &lt;LLY> TO PAY ROCHE ROYALTIES ON HUMATROPE</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Hoffman-LaRoche Inc said Eli Lilly and
+Co Inc will pay it royalties on the sale of Lilly's human
+growth hormone, Humatrope, as part of an earlier-reported
+licensing agreement between the companies.
+    Hoffman-La Roche spokesman John Doorley declined to
+disclose the amount of the royalty payments.
+    "Lilly has taken the position of respecting our patent by
+paying us roylaties," said Doorley. "We are hopeful that other
+companies will respect that position," he said.
+    Roche is the licensee of a Hormone Research Foundation
+patent for a synthetic version of human growth hormone.
+   
+    Last September, Roche and the Foundation sued Genetech Inc
+&lt;GENE> alleging Genetech's product, Protropin, a human growth
+hormone, infringed on Hoffman's patent for the hormone.
+    Last year Genetech's sales of Protropin were about 35 mln
+dlrs. David Saks, drug analyst with Morgan Olmstead, Kennedy
+and Gardner in New York, said Genetech's and Lilly's product
+can each bring in about 50 mln dlrs in sales annually.
+    Other companies developing human growth hormone include
+Biotechnology General Corp. Roche's Doorley said the company
+had at one time started developing a growth hormone but decided
+to put its efforts into other products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7764" NEWID="18319">
+<DATE> 2-JUN-1987 17:15:20.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2746&#31;reute
+f f BC-******MERCANTILE-BANC   06-02 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MERCANTILE BANCORP SEES 2ND QTR LOSS OF 33 MLN DLRS, YEAR PROFIT OF TWO MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7765" NEWID="18320">
+<DATE> 2-JUN-1987 17:15:56.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2748&#31;reute
+s f BC-PACIFIC-LIGHTING-CORP   06-02 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC LIGHTING CORP &lt;PLT> SETS QTLY DIV</TITLE>
+<DATELINE>    LOS ANGELES, June 2 -
+    </DATELINE><BODY>Shr 87 cts vs 87 cts prior
+    Pay August 14
+    Record July 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7766" NEWID="18321">
+<DATE> 2-JUN-1987 17:16:33.71</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM
+&#22;&#22;&#1;f2749&#31;reute
+u f BC-TREASURY-TO-PUBLISH-U   06-02 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY TO PUBLISH U.S. RESERVE ASSETS MONTHLY</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The Treasury Department said it would
+release data on U.S. reserve assets on a monthly basis from now
+on instead of quarterly.
+    Reserve assets are held in gold, special drawing rights
+with the Internatinal Monetary Fund, foreign currencies and in
+a U.S. reserve position in the IMF.
+    Assets totaled 46.59 billion dlrs at the end of April,
+compared with 48.82 billion dlrs at the end of March, the
+Treasury said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7767" NEWID="18322">
+<DATE> 2-JUN-1987 17:17:07.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2751&#31;reute
+s f BC-ALASKA-AIR-GROUP-INC   06-02 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALASKA AIR GROUP INC &lt;ALK> SETS QTLY DIV</TITLE>
+<DATELINE>    TALKEETNA, Alaska, June 2 -
+    </DATELINE><BODY>Shr four cts vs four cts prior
+    Pay August 5
+    Record July 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7768" NEWID="18323">
+<DATE> 2-JUN-1987 17:26:06.99</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f2774&#31;reute
+r f BC-mexico-says-has-no-pl   06-02 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO HAS NO PLANS TO LEAVE ICO</TITLE>
+<DATELINE>    MEXICO CITY, June 2 - </DATELINE><BODY>Mexico has no intention of leaving
+the International Coffee Organization (ICO), in the event of
+Brazil withdrawing from the group, the Mexican Coffee Institute
+(IMC) said.
+    The IMC said in a statement the ICO is an important
+instrument for ensuring producers obtain an adequate price.
+Mexico currently produces around five mln 60-kilo bags of
+coffee per year.
+    Brazil said during a meeting of coffee producers in Rio de
+Janeiro over the weekend that it would consider leaving the ICO
+if its export quota was reduced by the organization.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7769" NEWID="18324">
+<DATE> 2-JUN-1987 17:26:50.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2776&#31;reute
+b f BC-MERCANTILE-&lt;MTRC.O>-R   06-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCANTILE &lt;MTRC.O> RAISES RESERVE, SEES LOSS</TITLE>
+<DATELINE>    ST. LOUIS, June 2 - </DATELINE><BODY>Mercantile Bancorp Inc said it will add
+a special provision of 75 mln dlrs to its reserve for possible
+loan losses in the second quarter, and expects to report a loss
+of 33 mln dlrs during the period.
+    The company estimated it will report net income of two mln
+dlrs during the full year 1987.
+    Mercantile Bancorp said the additional provision represents
+28.5 pct of Mercantile Bancorp's 263 mln dlrs in total
+outstanding loans to Latin American countries. The special
+provision will raise the reserve to 148 mln dlrs, or 3.1 pct of
+the company's 4.7 billion dlrs total loans.
+    Mercantile Bancorp earned 19.5 mln dlrs in last year's
+second quarter, or 1.23 dlrs a share, and 55.6 mln dlrs, or
+3.50 dlrs a share for the full year 1986.
+    Mercantile Bancorp's reaffirmed its intention to continue
+the present dividend and to follow its normal policy of basing
+future dividends on anticipated earnings from ongoing business.
+    "It now appears the adjustment process for heavily indebted
+countries could stretch into the 1990's, and these
+restructurings may have negative economic effects on the loan
+portfolio," Mercantile Bancorp said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7770" NEWID="18325">
+<DATE> 2-JUN-1987 17:33:00.09</DATE>
+<TOPICS><D>acq</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2786&#31;reute
+d f BC-AMOCO-&lt;AN>-SAYS-DOME   06-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> SAYS DOME &lt;DMP> BUY GOOD FOR CANADA</TITLE>
+<DATELINE>    EDMONTON, Alberta, June 2 - </DATELINE><BODY>Amoco Corp's wholly owned Amoco
+Canada Petroleum Co Ltd said its proposed 5.22-billion-
+Canadian-dlr acquisition of Dome Petroleum Ltd will benefit
+Canada just like the foreign investment that made possible
+commercial development of Alberta's oilsands.
+    Amoco Canada president T. Don Stacy told an oilsands
+conference that "Amoco Canada has presented the solution to the
+Dome problem, and we're investing our confidence, dollars and
+determination to make that solution work."
+    The Amoco buyout of debt-burdened Dome has angered Canadian
+nationalists, who want a Canadian buyer for Dome.
+    Stacy described Amoco Canada's previously reported share
+offer proposal as a chance to increase Canadian ownership of
+the country's oil and gas industry, now at about 50 pct.
+    He reiterated that Amoco planned virtually no layoffs of
+Dome employees. He also reaffirmed that Amoco would reinvest in
+Amoco Canada-Dome properties all available cash flow for five
+years after the acquisition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7771" NEWID="18326">
+<DATE> 2-JUN-1987 17:36:38.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2789&#31;reute
+r f BC-MINNTECH-CORP-&lt;MNTX.O   06-02 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNTECH CORP &lt;MNTX.O> 4TH QTR MAR 31 NET</TITLE>
+<DATELINE>    MINNEAPOLIS, June 2 -
+    </DATELINE><BODY>Opr shr nil vs seven cts
+    Opr net 3,000 vs 99,000
+    Revs 2,745,000 vs 2,395,000
+    Avg shrs 1,500,000 vs 1,375,000
+    Year
+    Opr shr 24 cts vs 20 cts
+    Opr net 343,000 vs 271,000
+    Revs 10.7 mln vs 8,232,000
+    Avg shrs 1,459,000 vs 1,341,000
+    NOTE: Earnings for year exclude gains due to tax loss
+carryforward of 210,000 dlrs or 14 cts a share in 1987 and
+198,000 dlrs or 15 cts in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7772" NEWID="18327">
+<DATE> 2-JUN-1987 17:46:44.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2805&#31;reute
+u f BC-TCBY-&lt;TCBY.O>-WITHDRA   06-02 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TCBY &lt;TCBY.O> WITHDRAWS REGISTRATION</TITLE>
+<DATELINE>    LITTLE ROCK, Ark., June 2 - </DATELINE><BODY>TCBY Enterprises Inc said it
+will apply to the Securities and Exchange Commission to
+withdraw its registration statement filed May 14 for 30 mln
+dlrs of subordinated convertible debentures due to unfavorable
+market conditions.
+    THe company said other forms of financing available to the
+company and working capital are more than sufficient to fund
+the uses for which the proceeds of the debentures offering were
+to be applied.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7773" NEWID="18328">
+<DATE> 2-JUN-1987 17:46:59.12</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y A RM
+&#22;&#22;&#1;f2806&#31;reute
+r f AM-GULF-CONGRESS   06-02 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PASSES GULF BILL DESPITE OPPOSITION</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The U.S. House of Representatives 
+approved a bill that requires the Reagan administration to
+provide Congress with a report on its Gulf policy but does not
+place any restrictions on its actions.
+    The bill passed 305-102 -- winning a necessary two-thirds
+of those voting -- despite a last-minute revolt by an alliance
+of liberal Democrats and conservative Republicans who sought to
+defeat it as a signal that a growing number of legislators
+oppose President Reagan's policies in the region.
+    The legislation was passed in the wake of the May 17th
+Iraqi missile attack on the U.S. frigate Stark in the Gulf,
+which killed 37 Americans, and Reagan's decision to protect 11
+Kuwaiti oil tankers by putting them under U.S. flags --
+effectively making them American ships.
+    The legislation -- supported by Congress' Democratic and
+Republican leadership as well as by the administration --
+required Defense Secretary Caspar Weinberger to provide a
+report to Congress, within seven days of enactment, on plans to
+protect U.S. warships and flag ships in the Persian Gulf.
+    It did not, however, place any restrictions on the
+administration as it proceeds to reflag the Kuwaiti ships and
+thus has no immediate effect on U.S. policy.
+    The Senate was expected to approve the legislation this
+week. The bill would then be sent to Reagan for signature.
+    Supporters of the bill said passage of the bill was only a
+first step toward a greater congressional involvement in
+formulating policy.
+    But Democratic critics said the bill did not ask the
+administration to address tough policy questions in the report.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7774" NEWID="18329">
+<DATE> 2-JUN-1987 17:49:58.91</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>kuwait</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2810&#31;reute
+r f AM-GULF-KUWAIT   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATE TEAM WANTS MULTINATIONAL GULF FORCE</TITLE>
+<DATELINE>    KUWAIT, June 2 - </DATELINE><BODY>The leaders of a U.S. Senate team probing
+American defense strategy in the MidEast Gulf said they favored
+a multinational force to keep oil flowing through the waterway.
+    Sen. John Glenn and John Warner, in Kuwait as part of a
+Gulf Arab tour, said at a news conference that top officials in
+the area appeared ready to discuss extra facilities needed if
+the U.S. upgraded its defense role.
+    The Senate team next heads for the United Arab Emirates,
+their last stop on a fact-finding mission prompted by Reagan
+administration plans to let half of Kuwait's 22-tanker fleet
+fly the U.S. flag.
+    Glenn and Warner said the U.S., Britain and France, should
+explore the possibility of a unified Gulf force.
+    "The American ships, the British ships, the French ships now
+talk to each other and all we've got to do is formalize this
+arrangement," Warner said.
+    Glenn said a multinational force could be effectively
+deployed within 24 hours of a decision.
+    Glenn voiced a preference for a United Nations
+multinational force, or failing that, an American, British,
+French force with cooperation from the Gulf Arab states.
+    Warner voiced concern that the Soviet Union might use the
+situation in the Gulf to raise its presence. "And,
+unequivocally, all GCC states we have talked with, have said
+that would not be in the interests of the Arabian peninsula."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7775" NEWID="18330">
+<DATE> 2-JUN-1987 17:52:32.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V
+&#22;&#22;&#1;f2813&#31;reute
+r f AM-IRANARMS-1STLD   06-02 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABRAMS SAYS HE "HONEST BUT WRONG"</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Assistant Secretary of State Elliott
+Abrams said he was "completely honest and completely wrong" when
+he gave assurances last October that the U .S. government was
+not involved in a flight by a contra supply plane downed over
+Nicaragua.
+    He was being questioned by the congressional Iran-contra
+panel about testimony he gave to the House Foreign Affairs
+Committee on October 15, 1986, saying no U.S. intelligence,
+defense or other government official was involved in the
+flight.
+    "I made those statements and I made a similar statement on
+October 14 to Secretary (of State George) Shultz. And every one
+of those statements was completely honest and completely wrong,"
+Abrams testified.
+    Two of the crew of the downed aircraft, operating out of El
+Salvador, were killed. The third, Eugene Hasenfus, was
+captured, tried and sentenced to 30 years' jail, but later
+released by the Nicaraguan authorities.
+    Abrams -- the highest-ranking member of the administration
+to testify in five weeks of televised hearings -- said he did
+not remember how he learned that the plane had been shot down,
+but thought it was probably from the CIA.
+    He said he made public statements within a couple of days
+that there had been no U.S. government involvement after making
+inquiries of the CIA, the National Security Council and the
+Pentagon.
+    "Everybody said, not only then but later, that there was no
+U.S. government role," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7776" NEWID="18331">
+<DATE> 2-JUN-1987 18:00:17.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2829&#31;reute
+u f BC-ALLEGIS   06-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONISTON ASKS DOT TO REVIEW ALLEGIS-BOEING DEAL</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>A New York investment partnership
+seeking control of Allegis Corp &lt;AEG> disclosed that it has
+asked the Department of Transportation to review a 700 mln dlr
+note agreement Allegis has with Boeing Co &lt;BA>.
+    Citing what it called serious competitive and public
+interest concerns in the deal, Coniston Partners, which holds
+about 13 pct of Allegis asked the department to assert its
+jurisdiction in the matter and require the two companies to
+seek its approval for the transaction.
+    In a petition to the department, contained in a filing with
+the Securities and Exchange Commission, Coniston also claims
+Boeing, a major aircraft manufacturer, has obtained control
+over Allegis, parent of United Airlines, by virtue of the May
+12 deal between the two companies.
+    Under the deal, Boeing bought from Allegis 700 mln dlrs of
+convertible notes due May 31, 1992 simultaneously with a 2.1
+billion dlr aircraft order United placed with Boeing.
+    Coniston said the notes give Boeing control over Allegis
+and warned that the relationship between the two companies
+raises antitrust issues and should be scrutinized closely.
+    "The world's largest manufacturer of aircraft should not be
+permitted to acquire control over one of the nation's largest
+airlines without an opportunity for public comment and fact
+finding and scrutiny by the regulatory agency having
+jurisdiction over the air transporation marketplace," Coniston
+said in its petition.
+    Coniston, calling itself the Allegis Investors Group in the
+petition, said the department should force Allegis and Boeing
+to make the required regulatory filings.
+    Coniston is currently seeking control of Allegis by winning
+majority representation on its board of directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7777" NEWID="18332">
+<DATE> 2-JUN-1987 18:02:54.73</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y A F
+&#22;&#22;&#1;f2833&#31;reute
+r f AM-COLOMBIA-GUERRILLAS   06-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIAN GROUP SUSPENDS BOMBINGS OF PIPELINES</TITLE>
+<DATELINE>    BOGOTA, June 2 - </DATELINE><BODY>A Colombian group announced the suspension
+of its bombings of oil pipelines pending the government's levy
+of a social tax on foreign petroleum companies and an 800 mln
+dlrs fine on the Occidental Petroleum Corp &lt;OXY>.
+    There was no indication the government would meet the
+conditions demanded by the leftist National Liberation Army
+(ELN).
+    According to the state oil firm, ECOPETROL, the ELN carried
+out 72 attacks on petroleum pipelines between 1984 and 1986.
+    The assaults, the most recent launched two months ago, have
+caused an estimated total of 50 mln dlrs in damage.
+    In a communique, the ELN said it would demand a tax of one
+dollar per barrel of crude oil pumped by foreign firms as a
+condition for maintaining its suspension of the assaults.
+    Foreign oil firms pump an average of 225,083 barrels per
+day in Colombia. Colombian tax authorities are investigating
+Occidental, a U.S.-owned firm, for alleged tax evasion.
+    If the charges are proven, the firm could face a fine of up
+to 800 mln dlrs. The ELN demands the government charge the
+penalty.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7778" NEWID="18333">
+<DATE> 2-JUN-1987 18:03:46.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2834&#31;reute
+d f BC-CFTC-CLARIFIES-COMMOD   06-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CFTC CLARIFIES COMMODITY TRADING ADVISOR RULES</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The U.S. Commodity Futures Trading
+Commission (CFTC) released guidelines on how commodity trading
+advisors (CTA) should calculate "beginning net asset value"
+(BNAV) for purposes of computing rates of return required by
+commission disclosure rules.
+    The commission said it was compelled to release the
+guidelines because it has received disclosure documents which
+indicate "serious differences" in the way certain CTAs are
+defining BNAW -- "differences that may have compromised the
+ability to compare rates of return among different advisors."
+    CFTC said CTAs must only use funds under their control or
+in conjunction with their carrying futures commission merchants
+in calculating BNAV.
+    Computation of BNAV must exclude any item that is not
+money, securities or other tangible property and any funds that
+are not under the control of the CTA, or CTA in conjunction
+with its carrying futures commission merchant.
+    CFTC said "notational" funds must be excluded because they
+are merely verbal promises to furnish funds.
+    Funds in a commodity trading account over which a CTA has
+discretionary trading authority must be included, CFTC said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7779" NEWID="18334">
+<DATE> 2-JUN-1987 18:06:47.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2839&#31;reute
+u f BC-MIDWAY   06-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRMS HAVE 7.7 PCT OF MIDWAY &lt;MDWY.O></TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>Two affiliated investment firms told
+the Securities and Exchange Commission they have acquired
+593,000 shares of Midway Airlines Inc, or 7.7 pct of the total
+outstanding common stock.
+    The firms, Boston-based FMR Corp and Fidelity International
+Ltd, a Bermuda-based investment advisory firm, said they bought
+the stake "to acquire an equity interest in the company in
+pursuit of specified investment objectives...."
+    The firms said they may increase or decrease their stake in
+the company, but have no plans to seek control of the company
+or representation on its board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7780" NEWID="18335">
+<DATE> 2-JUN-1987 18:18:08.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2853&#31;reute
+d f BC-WATKINS-JOHNSON-&lt;WJ>   06-02 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WATKINS-JOHNSON &lt;WJ> WINS CONTRACT</TITLE>
+<DATELINE>    PALO ALTO, Calif, June 2 - </DATELINE><BODY>Watkins-Johnson Co said it
+received a contract from General Electric COrp's &lt;GE> G.E.
+Astro Space division for nearly two mln dlrs to provide
+traveling-wave-tube amplifiers on the Mars Observer spacecraft.
+    The Observer is scheduled to be launched into Mars orbit in
+the early 1990s.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7781" NEWID="18336">
+<DATE> 2-JUN-1987 18:18:25.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2854&#31;reute
+d f BC-WICKES-&lt;WIX>-COMPLETE   06-02 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WICKES &lt;WIX> COMPLETES PURCHASE</TITLE>
+<DATELINE>    SANTA MONICA, Calif, June 2 - </DATELINE><BODY>Wickes Cos Inc said it has
+completed the purchase of Dura Corp for an undisclosed amount.
+    Dura, a supplier of automotive equipment, had annual sales
+of over 100 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7782" NEWID="18337">
+<DATE> 2-JUN-1987 18:19:02.43</DATE>
+<TOPICS><D>lead</D><D>zinc</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2855&#31;reute
+r f BC-COMINCO-&lt;CLT>-SETS-TE   06-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO &lt;CLT> SETS TENTATIVE TALKS ON STRIKE</TITLE>
+<DATELINE>    TRAIL, British Columbia, June 2 - </DATELINE><BODY>Cominco Ltd said it set
+tentative talks with three striking union locals that rejected
+on Saturday a three-year contract offer at Cominco's Trail and
+Kimberley, British Columbia lead-zinc operations.
+    The locals, part of United Steelworkers of America,
+represent 2,600 production and maintenance workers. No date has
+been set for the talks, the spokesman replied to a query.
+    The spokesman said talks were still ongoing with the two
+other striking locals, representing 600 office and technical
+workers. Production at Trail and Kimberley has been shut down
+since the strike started May 9.
+    Each of the five locals has a separate contract that
+expired April 30, but the main issues are similar.
+    The Trail smelter produced 240,000 long tons of zinc and
+110,000 long tons of lead last year, while the Sullivan mine at
+Kimberley produced 2.2 mln long tons of ore last year, most for
+processing at Trail.
+    Revenues from Trail's smelter totaled 356 mln Canadian dlrs
+in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7783" NEWID="18338">
+<DATE> 2-JUN-1987 18:19:34.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2856&#31;reute
+r f BC-SOUTHERN-AIR-SUES-MIA   06-02 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN AIR SUES MIAMI TV STATION</TITLE>
+<DATELINE>    MIAMI, June 2 - </DATELINE><BODY>&lt;Southern Air Transport> said it sued
+WPLG-Channel 10 of Miami for compensatory and punitive damages
+in excess of 50 mln dlrs for false and defamatory statements
+made by the television station in a series of broadcasts last
+month.
+    The complaint alleges that the broadcast contained numerous
+false statements which the stations knew were untrue.
+    Officials of either company were unavailable for comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7784" NEWID="18339">
+<DATE> 2-JUN-1987 18:26:06.13</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2861&#31;reute
+d f BC-PHELPS-DODGE-SEEKS-TO   06-02 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHELPS DODGE SEEKS TO DIVERSIFY MORE FROM COPPER</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Phelps Dodge Corp is prepared to make
+another large non-copper acquisition and a deal could be struck
+in the near future, chairman G. Robert Durham said.
+    Durham told Reuters the company was examining potential
+candidates but not yet talking with any. Any acquisition must
+have a different economic cycle to copper, he said.
+    Phelps Dodge, the largest U.S. copper producer, last year
+paid 240 mln dlrs for Columbian Chemicals Co which makes carbon
+black used in rubber and tires. The purchase was part of a
+strategic plan to diversify and then match earnings between
+copper and non-copper operations.
+    The company could spend between 250 mln and 500 mln dlrs to
+buy another non-copper firm, Durham said, citing 100 mln dlrs
+of cash and 580 mln dlrs of untapped bank credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7785" NEWID="18340">
+<DATE> 2-JUN-1987 18:35:29.88</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM Y
+&#22;&#22;&#1;f2873&#31;reute
+r f AM-COMMUNITY-ENERGY   06-02 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC WATCHING GULF WAR DEVELOPMENTS</TITLE>
+<DATELINE>    LUXEMBOURG, June 2 - </DATELINE><BODY>The European Community (EC) should
+watch very carefully for any developments in the Gulf War and
+their consequences on the oil market, EC Energy Commissioner
+Nicolas Mosar said today.
+    Speaking two weeks after a U.S. warship was attacked in the
+Gulf, Mosar warned, "An escalation in the Gulf would increase
+tensions in the oil market."
+    "But I do not want to be alarmist," he told a news conference
+after an EC energy ministers meeting in Luxembourg.
+    He said the volume of EC oil imports from the Gulf had
+declined to around 31 pct of total oil imports in the first
+three months of 1987 against 35 pct in the same period last
+year. "There are also other potential sources of supplies in the
+world," he added.
+    The issue of Gulf oil imports was not discussed at the
+ministers' meeting, he added.
+    A EC committee of national experts in the so-called oil
+supply group would discuss Gulf oil supplies at their bi-annual
+meeting on June 19, he said.
+    But any major decisions would have to be reserved for EC
+foreign ministers, diplomats said.
+    West European nations have so far shown little enthusiasm
+for backing a U.S. plan to give military protection to merchant
+ships in the Gulf which could help insure the safety of oil
+supplies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7786" NEWID="18341">
+<DATE> 2-JUN-1987 18:43:51.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2887&#31;reute
+u f BC-FCC-GRANTS-LICENSE,-C   06-02 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FCC GRANTS LICENSE, CLEARS WAY FOR SALE</TITLE>
+<DATELINE>    LOS ANGELES, June 2 - </DATELINE><BODY>Spanish International Communications
+Corp said the Federal Communications Corp granted the license
+renewal of five of its stations, clearing the way for the sale
+of the company to &lt;Hallmark Cards Inc>.
+    THe FCC had preliminarily approved the transfer of the
+stations on September 26, 1986, after which several parties had
+filed applications with the FCC seeking to block the renewal of
+the broadcast licenses and block the sale.
+    The stations granted the renewal include KMEX-TV in Los
+Angeles, KWEX-TV in San Antonio, WLTV in Miami, WXTV in New
+York and KFTV in Fresno, Calif.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7787" NEWID="18342">
+<DATE> 2-JUN-1987 18:44:07.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2889&#31;reute
+r f BC-BALL-CORP-&lt;BLL>-COMPL   06-02 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALL CORP &lt;BLL> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    MUNCIE, Ind., June 2 - </DATELINE><BODY>Ball Corp said it completed the
+purchase of privately held &lt;Verac Inc>, a San Diego defense
+systems and software development company.
+    Terms of the acquisition were not disclosed. Verac had 1986
+sales of about 23 mln dlrs.
+    Verac will operate in San Diego as part of Ball's technical
+products group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7788" NEWID="18343">
+<DATE> 2-JUN-1987 18:51:10.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2900&#31;reute
+u f BC-SEC   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC SAYS COMPANY INFLATED 1982/83 INCOME</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The Securities and Exchange Commission
+charged Windsor Holding Co, a Chicago-based lamp and ceiling
+fan maker, with fraudulently overstating its 1982 and 1983
+pre-tax income by a total of 3.6 mln dlrs.
+    Simultaneously with the filing of the civil case in U.S.
+District Court here, the company, formerly Windsor Industries
+Inc, three former officers and a former director, agreed to
+settle the charges without admitting or denying them.
+    But under the settlement, the company and the other
+defendants consented to court orders barring them from
+committing further violations of securities law.
+    There were no monetary penalties in the settlement and the
+company, which was delisted from the National Association of
+Securities Dealers Automated Quotation, NASDAQ, system in May
+1985, was not required to restate its earnings.
+    The SEC charged Jose Arrojo, a vice president of a Windsor
+subsidiary, Ronald Kahn, former vice of the company, and David
+Garvin, former president of a Windsor subsidiary, with taking
+part in a scheme to inflate the value of Windsor's 1982
+year-end inventory, resulting in a 2.0 mln dlr overstatement of
+the company's pre-tax income for that year.
+    The company's inventory was again falsified a year later,
+resulting in a 1.6 mln dlr overstatement, the SEC charged.
+    Another defendant, Arthur Usheroff, a former Windsor board
+member, the company and Kahn also failed to disclose in an SEC
+filing an arrangement under which Usheroff was compensated for
+services rendered in a 1983 Windsor public stock offering, the
+agency said.
+    Arrojo, Kahn and the company were also charged with making
+false statements in required SEC filings.
+    Windsor filed for bankruptcy in August 1985 and had a plan
+of reorganization approved last December.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7789" NEWID="18344">
+<DATE> 2-JUN-1987 18:53:18.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>volcker</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2902&#31;reute
+u f PM-VOLCKER-BRAZIL   06-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONCERN IN BRAZIL OVER VOLCKER DEPARTURE</TITLE>
+<DATELINE>    SAO PAULO, June 2 - </DATELINE><BODY>Brazilian officials are privately
+expressing concern that the change of command at the Federal
+Reserve may lead to a tougher U.S. Policy on debt and less
+understanding of the problems of the Third World.
+    Paul Volcker, head of the Federal Reserve, was considered
+here to be understanding of Brazil's difficulties.
+    A Finance Ministry source said of his colleagues in the
+ministry: "They are a bit apprehensive about (Alan) Greenspan
+(who will replace Volcker), considering his reputation as a
+very tough man, an advocate of recessive measures to
+counter-attack inflation. There is a little bit of concern."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7790" NEWID="18345">
+<DATE> 2-JUN-1987 18:53:46.40</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2903&#31;reute
+u f BC-ALBERTA-SEEDING-VIRTU   06-02 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALBERTA SEEDING VIRTUALLY COMPLETE</TITLE>
+<DATELINE>    CALGARY, June 2 - </DATELINE><BODY>Ninety-six pct of Alberta and
+northeastern British Columbia crops have been seeded, about a
+week ahead of the 10 year average, according to the Alberta
+wheat pool report.
+    Hard red spring wheat accounts for most acreage with 6.0
+mln estimated for this year, little changed from last year.
+Oats acreage of 1.95 mln is unchanged on last year and barley
+area of 5.9 mln is also similar to last year. Rapeseed planting
+of an estimated 3.24 mln is expected five pct up on 1986. The
+south and south central areas of Alberta lacked moisture with
+germination patchy at best. Growth prospects in northern areas
+are generally in the good to very good range.
+   Soil moisture is better in the north central and Peace
+areas, the wheat pool said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7791" NEWID="18346">
+<DATE> 2-JUN-1987 18:54:38.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2906&#31;reute
+u f BC-FORD-&lt;F>-HAILS-VOLKER   06-02 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> HAILS VOLKER, GREENSPAN</TITLE>
+<DATELINE>    DETROIT, June 2 - </DATELINE><BODY>Ford Motor Co praised President Reagan's
+nomination of Alan Greenspan as Federal Reserve Board chairman,
+saying the conservative economist has a "sound record to fill
+the void of (Paul) Volker's departure."
+    The number two U.S. auto maker said in a statement that
+Volker "took office...at the beginning of a critical time for
+the auto industry" and had had "a very positive impact on the
+U.S. economy."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7792" NEWID="18347">
+<DATE> 2-JUN-1987 18:58:11.41</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2908&#31;reute
+b f BC-N.Z.-APRIL-CURRENT-AC   06-02 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. APRIL CURRENT ACCOUNT DEFICIT NARROWS</TITLE>
+<DATELINE>    WELLINGTON, June 3 - </DATELINE><BODY>New Zealand's current account deficit
+narrowed to 76 mln N.Z. Dlrs in April from a revised 89 mln
+dlrs in March, and 224 mln dlrs in April 1986, in a smoothed
+seasonally-adjusted measurement, the Statistics Department
+said.
+    The March figure was revised from 69 mln dlrs.
+    The department said in a statement seasonally adjusted, but
+non-smoothed figures, showed a deficit of 99 mln dlrs against
+76 mln dlrs in March and 230 mln dlrs in April 1986.
+    Totally unadjusted figures show a deficit of 83 mln dlrs
+against 164 mln dlrs in March, revised from 178 mln dlrs, and
+compared with 262 mln in April 1986.
+    The smoothed seasonally adjusted series shows a surplus on
+merchandise trade of 145 mln dlrs against 135 mln dlrs in March
+and 30 mln dlrs in April 1986.
+    Seasonally adjusted but non-smoothed figures show a
+merchandise trade surplus of 132 mln dlrs against a 148 mln dlr
+surplus in March and a 14 mln dlr surplus in April 1986.
+    Unadjusted merchandise figures show a surplus of 151 mln
+dlrs against a 5.0 mln dlr (revised from 10 mln dlr) deficit in
+March and a 31 mln dlr deficit in March 1986.
+    The smoothed seasonally adjusted deficit on invisibles was
+234 mln N.Z. Dlrs against 236 mln dlrs in March and 255 in
+April 1986.
+    The seasonally adjusted but non-smoothed deficit on
+invisibles was 240 mln dlrs against 229 mln dlrs in March and
+245 mln dlrs in April 1986. The unadjusted deficit on
+invisibles was 234 mln dlrs against 158 mln dlrs, revised from
+168 mln dlrs, in March and 231 mln dlrs in April 1986.
+    Seasonally adjusted export and import figures were not
+available.
+    The department said these figures show a continuing
+improvement in the current account deficit, caused mainly by an
+improvement in the balance on merchandise trade which has now
+being in surplus since november 1985.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7793" NEWID="18348">
+<DATE> 2-JUN-1987 19:01:51.72</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>uk</D><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2913&#31;reute
+u f BC-STRONG-DEMAND-FOR-PER   06-02 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRONG DEMAND FOR PERU BISMUTH IN JAN/MAY</TITLE>
+<DATELINE>    LONDON, June 3 - </DATELINE><BODY>Very strong demand from all markets
+including, recently, Japan has resulted in Peru's bismuth
+exports showing an impressive increase in January/May 1987,
+Peru's state owned mining industry's marketing arm Minpeco S.A.
+Said.
+    In a statement released by its London office, Minpeco said
+Peruvian customs figures for bismuth exports for the first five
+months were 574.8 tonnes compared with 160.7 tonnes in the same
+period of 1986 and 483.4 tonnes during the whole of 1986,
+Minpeco said.
+    A breakdown of the figures showed Peru exported 296.4
+tonnes of bismuth to the U.S. During Jan/May 1987 compared with
+127.0 during the whole of 1986. Other recipients were Peoples
+Republic of China 110.4 (100.0), Holland 100.2 (150.0), USSR
+50.0 (50.0) and other areas 17.8 tonnes (56.4).
+    Sales to the U.K., West Germany, France and other Western
+and Eastern European countries are hidden under the heading
+Holland as Minpeco sells to customers in these countries from
+stocks the company normally holds in Rotterdam, the statement
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7794" NEWID="18349">
+<DATE> 2-JUN-1987 19:04:16.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2916&#31;reute
+u f BC-ALLERGY-GETS-GRANT-TO   06-02 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLERGY GETS GRANT TO DEVELOP INTERLEUKIN KIT</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., June 2 - </DATELINE><BODY>Allergy Immuno Technologies
+Inc said it received federal funding to develop a diagnostic
+kit for measuring Interleukin-2 and Interleukin-2 receptor.
+    Interleukin is a naturally produced substance important in
+maintaining the body's immune system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7795" NEWID="18350">
+<DATE> 2-JUN-1987 19:05:11.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2917&#31;reute
+u f BC-FLOATING-POINT-&lt;FLP>   06-02 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLOATING POINT &lt;FLP> CUTS WORKFORCE</TITLE>
+<DATELINE>    BEAVERTON, Ore, June 2 - </DATELINE><BODY>Floating Point Systems INc said it
+implemented a restructuring, consolidating eight departments
+into four and decreasing its worldwide staff to 800 from 1,200.
+    It said cost-cutting measures include a significant
+reduction in its Ireland manufacturing facility.
+    "Our expectation that 1987 will be a slow turnaround year
+requires an intensified effort to make operations more
+cost-effective," chairman Milton Smith said.
+    For the year ended October 31, 1986, FLoating POint
+reported a net loss of 14.3 mln dlrs or 1.67 dlrs per share on
+sales of 88.6 mln dlrs.
+    Floating Point said it expects to incur a charge of between
+five and 10 mln dlrs in its third quarter ending July 31 which
+will be off from last year's third quarter.
+    In 1986, Floating Point reported a third quarter loss of
+two mln dlrs on sales of 20.8 mln dlrs
+    Floating Point said it expects to report another loss for
+the full year. It said its restructuring will result in savings
+of between four and five mln dlrs on a quarterly basis.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7796" NEWID="18351">
+<DATE> 2-JUN-1987 19:05:57.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2918&#31;reute
+r f BC-FREEDOM-&lt;FRDM>-TO-REC   06-02 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEDOM &lt;FRDM> TO RECOGNIZE GAIN ON UNIT SALE</TITLE>
+<DATELINE>    TAMPA, Fla., June 2 - </DATELINE><BODY>Freedom Savings and Loan Association
+said it will record a net gain of 13.5 mln dlrs on the sale of
+certain assets of its Freedom Mortgage Co subsidiary to Chase
+Home Mortgage Corp, a subsidiary of Chase Manhattan Corp &lt;CMB>.
+    Freedom also said it had completed the sale.
+    The company said about 9.5 mln dlrs of the gain will be
+recnogized in the quarter ending June 30 with the remainder
+derferred and recognized over the remaining life of the
+serviced mortgage porfolio.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7797" NEWID="18352">
+<DATE> 2-JUN-1987 19:10:59.10</DATE>
+<TOPICS><D>carcass</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L
+&#22;&#22;&#1;f2922&#31;reute
+r f BC-U.S.-MEAT-INDUSTRY-LA   06-02 0141</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MEAT INDUSTRY LAUNCHES CAMPAIGN IN JAPAN</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The U.S. meat industry has launched an
+aggressive promotion campaign in Japan to increase consumer
+awareness of U.S. beef and persuade the Japanese government to
+relax current beef import quotas.
+    U.S. beef sales to Japan, currently around 480 mln dlrs
+annually, could increase to over two billion dlrs and as high
+as six billion dlrs by the year 2000 if Japanese quotas were
+removed and the Japanese consumer were made more aware of the
+attributes of U.S. beef, officials of the U.S. Meat Export
+Federation said at a press conference today.
+    Partially funded with a 6.5 mln dlr award made through the
+Agriculture Department's Targeted Export Assistance (TEA)
+program, a five-year meat promotion campaign in Japan was
+launched by the U.S. Meat Export Federation in April.
+    "The promising Japanese beef market could be one of the
+bright spots for U.S. agricultural exports," said Philip Seng,
+Asian Director for the Federation. "We supply and they (Japan)
+buy a very high quality of beef. They like our beef and want to
+buy more," he said.
+    Seng pointed to Japan's beef quota system, which limits
+total Japanese beef imports to 177,000 tonnes per year and U.S.
+imports to 58,400 tonnes, as the major constraint in expanding
+U.S. beef shipments to Japan.
+    The quotas were implemented in 1977 at a time of heavy
+Japanese foreign beef imports. The current quota agreement
+expires next March and beef quota negotiations are set to get
+underway this fall.
+    The Reagan administration has called for an end to the
+quotas by April, 1988, but Japanese officials have said they
+would not liberalize imports regardless of the U.S. pressure.
+    Officials from the Meat Export Federation told Reuters that
+they do not expect a complete lifting of the quota, but that
+they hope for at least a gradual increase in the quota.
+    High beef prices in Japan caused by the protected market
+has also kept beef consumption at modest levels, meat industry
+officials said.
+    Japanese shoppers pay an average of 27.14 dlrs for a U.S.
+tenderloin steak in a restaurant and an average of 47.42 dlrs
+for a Japanese-produced restaurant steak, the meat association
+said. At the retail level, U.S. striploin sells for 9.77 dlrs
+per pound, while Japanese beef sells for 28.51 dlrs per lb.
+    Japanese consumers currently eat less than 10 lbs of beef
+per year, compared to 78 lbs for the average American,
+officials said.
+    Total beef consumption in Japan is now 700,000 to 800,000
+tonnes per year, but Seng said with the removal of quotas and a
+decrease in beef prices, consumption could increase to 3.2 mln
+tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7798" NEWID="18353">
+<DATE> 2-JUN-1987 19:11:52.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2925&#31;reute
+u f BC-COORS-&lt;ACCO.O>-SEES-L   06-02 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COORS &lt;ACCO.O> SEES LOWER SECOND QUARTER</TITLE>
+<DATELINE>    GOLDEN, Colo, June 2 - </DATELINE><BODY>Adolph Coors Co said it expects
+second quarter net income to be in the range of 45 cts to 50
+cts a share compared to 82 cts a share in 1986.
+    Coors said earnings were hurt by start-up expenses at the
+new Shenandoah Brewery and other marketing expenses.
+    It said it expects to achieve record barrel sales in 1987,
+but that second quarter beer shipments are expected to be
+similar to the 4.2 mln volume of the second quarter of 1986.
+    It said will spend about 90 mln dlrs in 1987 and 1988 to
+expand Shenandoah's operations and will increase advertising
+spending by 10 pct to 200 mln dlrs in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7799" NEWID="18354">
+<DATE> 2-JUN-1987 19:12:10.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2927&#31;reute
+r f BC-COMP-U-CARD-INTERNATI   06-02 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMP-U-CARD INTERNATIONAL INC &lt;CUCD.O> 1ST QTR</TITLE>
+<DATELINE>    STAMFORD, COnn, June 2 -
+    </DATELINE><BODY>Shr 18 cts vs 15 cts
+    Net 3.3 mln vs 2.5 mln
+    Revs 45.2 mln vs 26.8 mln
+    NOTE:1986 net includes seven cts or 1.2 mln dlrs tax loss
+carryforward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7800" NEWID="18355">
+<DATE> 2-JUN-1987 19:12:33.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2929&#31;reute
+r f BC-MERCHANTS-&lt;MCHN.O>-TO   06-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCHANTS &lt;MCHN.O> TO REPORT 2ND QTR LOSS</TITLE>
+<DATELINE>    INDIANAPOLIS, June 2 - </DATELINE><BODY>Merchants National Corp, with 3.7
+billion dlrs in assets, said it will report a loss of 13 mln
+dlrs for the second quarter due to its decision to increase its
+provision for losses by 30 mln dlrs, mainly due to
+uncertainties surrounding Latin American debt.
+    In the second quarter last year, Merchants reported net
+income of 6.2 mln dlrs or 68 cts a share.
+    As a result of the increased loan loss provision, the bank
+said the allowance for loan losses will increase from 1.4 pct
+to 2.5 pct of the bank's total loans. The bank said its expects
+to report estimated net of over 15 mln dlrs for 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7801" NEWID="18356">
+<DATE> 2-JUN-1987 19:15:48.53</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2931&#31;reute
+u f BC-venezuelan-aluminum-f   06-02 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELAN ALUMINUM FIRM TO CREDITS</TITLE>
+<DATELINE>    Caracas, june 2 - </DATELINE><BODY>the venezuelan state aluminum company
+venalum is negotiating a total of 123.9 mln dlr in credits from
+abroad for a planned expansion of production faciities, finance
+minister manuel azpurua said.
+    Azpurua spoke to reporters after meeting representatives of
+the kreditanstalt fur wiederaufbau (kfw) bank of germany, who
+tommorrow will sign a agreement to grant 100 mln marks (54.9
+mln US dlrs) in credits to venalum.
+    The agreement will have an eight and one-half year term and
+a fixed interest rate of 6.13 pct.
+    Azpurua said venalum is negotiating credits of 14.9 mln
+dlrs from the swiss bank corporation, 14 mln dlrs from
+mitsubishi of japan and 40 mln dlrs from eksportfinans of
+norway.
+    "this proves we are achieving our goal of reestablishing
+the financial flows to the country," said azpurua.
+    The credits would go to the installation of a fifth
+production line in venalum, one of three state aluminum
+companies, which produces primarily for the export market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7802" NEWID="18357">
+<DATE> 2-JUN-1987 19:24:43.92</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2937&#31;reute
+r f AM-GULF-CONGRESS-1stld   06-02 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PASSES MIDEAST GULF BILL</TITLE>
+<DATELINE>    WASHINGTON, June 2 - </DATELINE><BODY>The House today approved a bill
+requiring the Reagan administration to report to Congress on
+its Mideast Gulf policy but not restricting its actions.
+    The vote in favor was despite a last-minute revolt by an
+alliance of liberal Democrats and conservative Republicans who
+sought to defeat it as a signal that a growing number of
+legislators oppose President Reagan's policies in the region.
+    In the Senate, a leading Republican senator, former Senate
+Appropriations Committee Chairman Mark Hatfield of Oregon, said
+he would try to prevent consideration of the bill.
+    He said he will put a so-called "hold" on the bill until he
+finds out whether the War Powers Act applies to protecting
+Kuwaiti tankers.
+    Congressional leaders complain they were not consulted
+about plans to put the U.S. flag on Kuwaiti ships and some
+charged the policy could lead the U.S. into the Iran-Iraq war.
+    Conservative Republicans said increasing the U.S. military
+obligation in the gulf would place impossible burdens on
+American servicemen and equipment, and warned it could lead to
+war.
+    "It is a real snake pit at best and a powder keg that will
+blow sky-high at worst," said Wisconsin Rep. Toby Roth.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7803" NEWID="18358">
+<DATE> 2-JUN-1987 19:33:26.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2942&#31;reute
+r f BC-FIRMS-AWARDED-U.S.-PO   06-02 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRMS AWARDED U.S. POSTAL SERVICE AWARDS</TITLE>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>The U.S. Postal Service said Unisys Corp
+&lt;UIS>, Bell and Howell Co &lt;BHW>, Recognition Equipment Inc
+&lt;REC>, Toshiba and AEG, were awarded contracts for automating
+the postal services mail sorting system.
+    The Postal Service said the contracts will lead to increase
+use of multiline optical character readers. Based on the
+outcome of next summer's tests, the Postal Service said it will
+decide whether to buy only new equipment or combine new
+purchases with some of its older equipment.
+    It also said a test of a kit under a previous contract was
+successfully completed by ElectroCom Automation Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7804" NEWID="18359">
+<DATE> 2-JUN-1987 19:33:56.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE><D>volcker</D><D>camdessus</D><D>greenspan</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2943&#31;reute
+u f BC-/VOLCKER-LEAVES-VOID   06-02 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLCKER LEAVES VOID ON LDC DEBT, BANKERS SAY</TITLE>
+<AUTHOR>    BY ALAN WHEATLEY, REUTERS</AUTHOR>
+<DATELINE>    NEW YORK, June 2 - </DATELINE><BODY>Paul Volcker's resignation as Federal
+Reserve Board chairman creates a serious leadership vacuum at a
+time of deep uncertainty about the future management of the
+third-world debt crisis, bankers said.
+    They said Volcker did more than any other official to hold
+the financial system together when Mexico halted interest
+payments in August 1982 and has played a central role ever
+since.
+    "Where is the leadership going to come from? Suddenly
+there's a terrible void," one New York banker said.
+    Volcker's expertise will be all the more sorely missed
+because International Monetary Fund managing director Michel
+Camdessus is new to his job and Barber Conable is finding it
+hard to make a mark as World Bank president, bankers said.
+    Moreover, Volcker's successor, Alan Greenspan, has little
+experience of international affairs and third world debt.
+    "Greenspan does not have the sensitivity to these issues
+and the sense of understanding of their complexity that Volcker
+has. Volcker understands what motivates people outside the U.S.
+That was in his gut. Greenspan just does not have the intuitive
+feeling," one banker said.
+    This banker, who has discussed debt questions with
+Greenspan, described his views as simplistic.
+    But Robert Hormats of Goldman, Sachs and Co said he was not
+worried by Greenspan's lack of international experience.
+    "People rush to judgment, but once they get to know
+Greenspan I'm sure they'll find him an excellent replacement,"
+said Hormats, a former Administration official.
+    Anyone nominated to replace Volcker would have paled in the
+initial comparison, Hormats said. "Volcker had the status of a
+financial demigod and you can't attain that status overnight,"
+he said.
+    One veteran debt rescheduler said Volcker, together with
+the Bank of England, deserves credit for keeping the banking
+system intact after Mexico's default.
+    "If it hadn't been for him, the world would look a lot
+different now," he said. "Whether you agreed with him or not,
+he has a superb grasp of ideas."
+    Certainly, not all bankers did agree all the time with
+Volcker. In particular, he was roundly criticized by some for
+more or less forcing them last September to grant Mexico
+generous terms on its 77 billion dlr new-loan and debt
+rescheduling agreement.
+    "Volcker lost a lot of credibility by overstepping the
+bounds and pushing the package onto the banks," commented one
+banker who helped to negotiate the Mexican deal.
+    Another critic was Citicorp chairman John Reed, who said
+the 13/16 pct interest margin would deter some bank lenders and
+thus delay Mexico's return to the voluntary markets.
+    It was a review of the fate of the Mexican deal - and of
+others that followed it for Chile, Venezuela, the Philippines
+and Argentina - that helped to convince Reed that the debt
+crisis was not about to be solved and that Citicorp needed to
+bolster its reserves in case some of the loans went bad.
+    "It certainly contributed to the general feeling of
+malaise," one Citicorp banker said in describing the impact of
+the Mexican package on the bank's decision to add three billion
+dlrs to its reserve for possible loan losses.
+    That decision, since followed by Chase Manhattan and
+Security Pacific Corp, may profoundly alter the strategy of
+creditors and debtors alike for tackling the debt crisis.
+    But no one is sure what the impact will be. "It's very
+difficult for anyone to know which way the debt problem is
+going, and with Volcker out of the picture it just adds to the
+uncertainty," one banker said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7805" NEWID="18360">
+<DATE> 2-JUN-1987 19:40:12.50</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C
+&#22;&#22;&#1;f2948&#31;reute
+u f BC-fin-futures-outlook   06-02 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEAR TERM STRENGTH SEEN FOR CURRENCY FUTURES</TITLE>
+<AUTHOR>    by Patricia Campbell, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, June 2 - </DATELINE><BODY>Currency futures are likely to move
+higher following the sharp rally today after President Reagan
+announced that Paul Volcker would not accept a third term as
+Federal Reserve Chairman and that Alan Greenspan was nominated
+as his replacement, currency analysts said.
+    Contrary to predictions before the Volcker resignation,
+analysts are calling for higher currency futures prices between
+now and the June 8 Venice economic summit.
+    In particular, uncertainty about Greenspan's attitude to
+the dollar could undermine sentiment toward the U.S. currency,
+analysts said.
+    Greenspan said today that the dollar appeared to be nearing
+a bottom, but the market will bear in mind his remarks in
+Chicago last week that the dollar's recent move upward was a
+technical reaction and that it would trade significantly lower,
+analysts said.
+   
+    "Disappointment of European central bankers over the
+appointment will be used as an opportunity to sell the dollar
+lower," said Manufacturers Hanover Futures vice president Carol
+Mackoff.
+    "The international community will not like this
+appointment," as it suggests the possibility that the U.S.
+budget deficit is too much of a burden on monetary policy and
+that Volcker was unable to get the commitment he sought to
+reduce the deficit, added Merrill Lynch Economics analyst David
+Horner.
+     Furthermore, "that Greenspan was not named two months ago
+suggests that he was not the Administration's first choice --
+and that the status of his appointment was as a bridesmaid,"
+Horner said.
+    A declining dollar scenario with higher currency futures
+prior to and throughout the Venice meetings would be mitigated
+only by concrete action as opposed to "jawboning" at the G-7
+summit, he said.
+    But G-7 finance ministers, judged by recent statements, may
+be at an impasse, analysts said.
+    Japan and West Germany today reiterated that neither
+planned further interest rate cuts, despite pressure from the
+U.S. to do so, Mackoff said.
+    The U.S., on the other hand, has not cut its budget deficit
+as Japan and West Germany have urged, she said.
+    Should G-7 members force a U.S. commitment to cut its
+budget deficit in the next two years, a further decline in the
+dollar could be forestalled, Horner said.
+    However, "the impact from Venice will be nothing if nothing
+changes," Horner said.
+    Smith Barney, Harris Upham and Co. analyst Craig Sloane
+said European currencies will likely move to the higher end of
+their 1987 ranges after today's sharp advance.
+    For the next two weeks, Sloan calls for September yen
+futures to advance toward the 0.007200 area. He said September
+marks could close in on 0.5700 as an upside target, while Swiss
+francs could climb to a range between 0.6900 and 0.6950.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7806" NEWID="18361">
+<DATE> 2-JUN-1987 20:02:32.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f2967&#31;reute
+r f AM-debt-peru   06-02 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK SUSPENDS LOANS TO PERU - CENTRAL BANK</TITLE>
+<AUTHOR>    By Walker Simon, Reuters</AUTHOR>
+<DATELINE>     LIMA, June 2 - </DATELINE><BODY>The World Bank has suspended loans to Peru
+because the country has over two months of payment arrears with
+the lending agency, central bank general manager Hector Neyra
+said.
+     He told reporters the government decided to stop paying
+the World Bank because scheduled repayments outweighed the
+loans it was due to receive.
+     The measure was the latest hard-line debt stance adopted
+by the government of President Alan Garcia, one of Latin
+America's most delinquent debtors. The 22-month-old
+administration has cut repayments to 10 pct of export earnings
+on nearly all its 14.4 billion dlr foreign debt.
+     Neyra said since late 1986 Peru had sought an accomodation
+with the World Bank under which it would receive more credits
+than it would remit in repayments.
+     Neyra stressed Peru was not withdrawing from the world
+bank. The country had recently increased its capital
+suscription in the institution by about three mln dollars.
+    The Bank would immediately resume loan disbursements to
+Peru once it cleared its arrears, he said. He did not specify
+the value of the overdue payments. The economy ministry said
+Peru's debt to the world bank was 521 mln dlrs at end-1985.
+    At the end of last year, Peru's total foreign debt stood at
+14.46 billion dollars, 13.17 billion dollars of which is
+medium- and-long-term debt, the central bank said. Total
+arrears were 5.42 billion dollars.
+    Central bank president Leonel Figueroa said Peru had enough
+hard currency, gold and silver on hand to cover 10 or 11
+months' worth of imports.
+    The holdings of the two precious metals and the hard
+currencies were valued at 2.172 billion dlrs on May 22, 1987,
+he said.
+    Gross reserves were slightly lower at 1.857 billion dlrs
+because this classification did not include silver holdings and
+undervalued the central bank's gold.
+    Reserves were projected to fall at most 150 mln dlrs this
+year, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7807" NEWID="18362">
+<DATE> 2-JUN-1987 20:12:23.75</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2973&#31;reute
+u f BC-WESTPAC-DROPS-NEW-ZEA   06-02 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTPAC DROPS NEW ZEALAND INDICATOR LENDING RATE</TITLE>
+<DATELINE>    WELLINGTON, June 3 - </DATELINE><BODY>Westpac Banking Corp &lt;WSTP.S> said it
+is cutting its indicator lending rate to 22 pct from 23 pct
+effective from June 15.
+    Westpac said in a statement various other lending rates are
+also being revised downwards. The Westpac move follows base
+rate drops by other New Zealand trading banks recently. &lt;Bank
+of New Zealand's> base rate drops to 22 pct from 23 on June 16
+and &lt;National Bank of New Zealand Ltd's> rate falls to 21.50
+pct from 23 on June 15. The Australia and New Zealand Banking
+Group Ltd &lt;ANZA.S> rate remains at 23 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7808" NEWID="18363">
+<DATE> 2-JUN-1987 20:58:19.60</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2993&#31;reute
+f f BC-Bank-of-Japan-interve   06-02 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Bank of Japan intervened buying small amount of dollars at 142.85 yen - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7809" NEWID="18364">
+<DATE> 2-JUN-1987 21:45:54.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3018&#31;reute
+u f BC-DAIWA-SINGAPORE-LAUNC   06-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAIWA SINGAPORE LAUNCHES 100 MLN DLR MINEBEA BOND</TITLE>
+<DATELINE>    SINGAPORE, June 3 - </DATELINE><BODY>Daiwa Singapore Ltd, wholly-owned by
+Daiwa Securities Co Ltd of Japan, yesterday launched a 100 mln
+U.S. Dlr tranche of an equity warrant eurobond in Singapore for
+Japan's Minebea Co Ltd &lt;MIAT.T>.
+    The five-year eurobond carries an indicative coupon rate of
+one and 5/8 pct and will be managed from Singapore. The
+warrants may be exercised for shares in Minebea from July 1,
+1987 to June 10, 1992.
+    The bond was part of a 200 mln U.S. Dlr equity warrant
+Eurobond issued by Minebea. Nomura International Ltd launched
+the other 100 mln dlr bond in London.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7810" NEWID="18365">
+<DATE> 2-JUN-1987 21:55:51.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3023&#31;reute
+u f BC-MATSUSHITA-IN-JOINT-V   06-02 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MATSUSHITA IN JOINT VENTURE WITH FORD, MAZDA</TITLE>
+<DATELINE>    TOKYO, June 3 - </DATELINE><BODY>Matsushita Electric Industrial Co Ltd
+&lt;MC.T>, Mazda Motor Corp &lt;MAZT.T> and Ford Motor Co &lt;F> have
+signed an agreement to set up a joint venture to make car air
+conditioners in Japan, Matsushita said in a statement.
+    The new venture, &lt;Japan Climate Systems Corp> will be
+capitalised at 1.5 billion yen, and the three partners will
+hold equal shares.
+    The partners will invest 3.6 billion yen in constructing a
+plant in Hiroshima, due for completion in late 1988. The plant
+will initially make 100,000 air conditioners a year for Mazda,
+it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7811" NEWID="18366">
+<DATE> 2-JUN-1987 22:54:53.56</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3055&#31;reute
+u f BC-S.-KOREAN-WHOLESALE-P   06-02 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. KOREAN WHOLESALE PRICES UP 0.4 PCT IN MAY</TITLE>
+<DATELINE>    SEOUL, June 3 - </DATELINE><BODY>South Korea's wholesale price index, base
+1980, rose 0.4 pct to 127.0 in May after a 1.1 pct rise in
+April and was 1.5 pct higher than in May 1986, the Bank of
+Korea said.
+    The May consumer price index, which has the same base, rose
+1.4 pct to 149.1 after a 0.3 pct gain in April, for a
+year-on-year rise of 3.5 pct.
+    Wholesale prices rose 2.0 pct in the first five months of
+1986, while consumer prices rose by 3.2 pct. Bank officials
+said the rises were due to a strong yen which made imports of
+Japanese parts, raw and intermediary materials more expensive.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7812" NEWID="18367">
+<DATE> 2-JUN-1987 22:58:37.55</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f3058&#31;reute
+u f BC-ESS0-LOWERS-PREMIUM-P   06-02 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ESS0 LOWERS PREMIUM PETROL PUMP PRICE</TITLE>
+<DATELINE>    SINGAPORE, June 3 - </DATELINE><BODY>Esso Singapore Pte Ltd will lower the
+pump price of its premium 97 octane petrol price to 96.8
+cents/litre from 97 cents effective midnight tonight, a
+spokeswoman said.
+    The new price is similar to other oil companies' price for
+the same grade.
+    Esso's price for 95 octane remains unchanged at 90.8 cents.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7813" NEWID="18368">
+<DATE> 2-JUN-1987 23:16:57.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f3066&#31;reute
+u f BC-MATSUSHITA-BRAZIL-JOI   06-02 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MATSUSHITA BRAZIL JOINT VENTURE TO MAKE VTRS</TITLE>
+<DATELINE>    OSAKA, June 3 - </DATELINE><BODY>A Matsushita Electric Co Ltd &lt;MC.T> joint
+venture will make VHS-format video tape recorders (vtrs) in
+Brazil for the domestic market in the face of government quotas
+on vtr imports, a Matsushita spokesman told Reuters.
+    &lt;Springer National de Amazonia SA> will start output in
+early 1988 at a rate of 20,000 vtrs the first year, he said.
+    Springer National, located in Manaus and capitalised at
+89.93 mln cruzeiros, is owned 51 pct by &lt;Springer SA> of Brazil
+and 49 pct by Matsushita unit &lt;National do Brasil Ltd>.
+    It was formed in July 1981 to make colour televisions,
+audio equipment and microwave ovens.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7814" NEWID="18369">
+<DATE> 2-JUN-1987 23:17:39.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>bresser-pereira</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f3067&#31;reute
+u f BC-BRAZIL'S-ECONOMIC-PLA   06-02 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S ECONOMIC PLAN MAY PERMIT NEW DEBT TALKS</TITLE>
+<DATELINE>    BRASILIA, June 2 - </DATELINE><BODY>Brazil's new economic plan should enable
+Brazil to renew negotiations with creditors on its 111-billion
+dlr foreign debt within the next 30 days, Finance Minister Luiz
+Carlos Bresser Pereira said.
+    The plan, which predicted the economy would grow 4.5 pct
+this year and inflation would drop to 10 pct a month by
+December from 20 pct at present, would be officially announced
+"within three or four weeks," he told a news conference.
+    The minister said he presented an outline of the program
+during a cabinet meeting in which President Jose Sarney
+declared "a total war" on inflation.
+    Sarney told the meeting an austerity plan to trim
+government spending would be introduced.
+    Bresser Pereira said Brazil faced the risk of economic
+recession, but he estimated the gross national product would
+grow 4.5 pct this year. It grew 8.3 pct last year.
+    Its April inflation rate was a record 20.96 pct and
+contributed to an accumulated rate of 84.19 pct in the first
+four months of 1987.
+    Bresser Pereira said the economic plan would seek to keep
+the economy growing, to build an eight billion dlr trade
+surplus and to force a sharp drop in the inflation rate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7815" NEWID="18370">
+<DATE> 2-JUN-1987 23:39:39.70</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f3080&#31;reute
+b f BC-NAKASONE-SAYS-DOLLAR   06-02 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAKASONE SAYS DOLLAR FALL ONLY TEMPORARY</TITLE>
+<DATELINE>    TOKYO, June 3 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone said the
+dollar's sharp fall against the yen overnight was only
+temporary.
+    The dollar dropped sharply in New York after news that Paul
+Volcker would step down as chairman of the U.S. Federal
+Reserve.
+    Nakasone told reporters he did not expect U.S. Policy to
+change after Volcker steps down.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22095" NEWID="18371">
+<DATE>15-JUN-1987 09:12:50.74</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0863&#31;reute
+u f BC-BLOCKED-RHINE-NAVIGAT   06-15 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLOCKED RHINE NAVIGATION CHANNEL REMAINS CLOSED</TITLE>
+<DATELINE>    MANNHEIM, June 15 - </DATELINE><BODY>The main navigation channel of the
+Rhine, blocked by two sunken boats, will remain closed at least
+until the beginning of next week, a water authority spokesman
+said today.
+    Karlsruhe water authorities said a queue of about 70 ships
+had formed between the towns of Speyer and Iffezheim but most
+shipping companies had unloaded cargoes and were using
+alternative means of transport.
+    Heinz-Josef Recker, of the Mannheim water authority, said
+two floating cranes would make a fresh attempt to raise the
+sunken tug and its lighter after an unsuccessful try on Friday.
+The tug Orinoko hit a railway bridge last Tuesday and sank with
+a cargo of 3,500 tonnes of gravel on board. Before the
+accident, about 100 ships a day sailed under the bridge.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22096" NEWID="18372">
+<DATE>15-JUN-1987 09:16:02.66</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M
+&#22;&#22;&#1;f0876&#31;reute
+u f BC-W.GERMAN-SHIP-HIT-BY   06-15 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>W GERMAN SHIP HIT DURING WARSAW PACT WAR GAMES</TITLE>
+<DATELINE>    BONN, June 15 - </DATELINE><BODY>A West German navy ship was accidentally
+hit today by artillery shells from a Warsaw Pact vessel in the
+Baltic Sea and three sailors were injured, the Defence Ministry
+said.
+    The ship, the Tender Neckar, was struck while watching
+Warsaw Pact exercises in the Baltic Sea, a ministry spokesman
+said.
+    He could not say what condition the men were in or which
+country owned the ship which fired the shots. The spokesman
+said West Germany believed the incident was accidental.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22043" NEWID="18373">
+<DATE>15-JUN-1987 09:40:54.86</DATE>
+<TOPICS><D>hog</D><D>livestock</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L
+&#22;&#22;&#1;f0953&#31;reute
+u f BC-slaughter-guesstimate   06-15 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, June 15 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 250,000 to 270,000 head versus
+249,000 week ago and 261,000 a year ago.
+    Cattle slaughter is guesstimated at about 126,000 to
+131,000 head versus 126,000 week ago and 131,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22061" NEWID="18374">
+<DATE>15-JUN-1987 10:04:42.39</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1025&#31;reute
+r f BC-ISRAELI-INFLATION-0.6   06-15 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAELI INFLATION 0.6 PCT IN MAY</TITLE>
+<DATELINE>    JERUSALEM, June 15 - </DATELINE><BODY>Israel's inflation rate for May was
+0.6 pct, the lowest since last July when there was no increase,
+the Central Bureau of Statistics said.
+    In April, inflation was 2.2 pct and the figure for May last
+year was 1.6 pct. The rate for the first five months of 1987
+was 7.5 pct, the bureau said.
+    The annual inflation rate for the past 12 months was 20.3
+pct, a bureau spokesman said.
+    Israeli inflation was running at an annual rate of more
+than 400 pct until the government imposed an austerity plan
+controlling wages and prices in mid-1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22011" NEWID="18375">
+<DATE>15-JUN-1987 10:09:03.70</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>cuba</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1034&#31;reute
+b f BC-/CUBA-SUGAR-HARVEST-E   06-15 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CUBA SUGAR HARVEST ENDS AFTER LONG DELAYS</TITLE>
+<DATELINE>    HAVANA, June 15 - </DATELINE><BODY>The Cuban sugar harvest, which was
+extended almost a month and a half beyond its originally
+scheduled shutdown date, ended here as the last of the island's
+154 mills closed operations, the official newspaper granma
+said.
+    The newspaper characterized the harvest, which began in
+late November, 1986, as "a tense and pressured campaign."
+    In a recent interview with the French communist party
+newspaper l'humanite, Cuban president Fidel Castro said that
+crude sugar production during the harvest would be "less than
+7.5 mln tonnes.
+    The harvest was plagued by a four year shortfall of rain
+which reduced the sugar content of the cane and by unseasonable
+rain storms during the first two months of this year which made
+cane cutting by mechanical combines virtually impossible.
+    Many foreign sugar experts voiced doubts during the present
+harvest that raw sugar production would exceed last year's 7.2
+mln tonne mark.
+    In the 1984-85 campaign Cuba produced 8.2 mln tonnes of raw
+sugar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22004" NEWID="18376">
+<DATE>15-JUN-1987 10:20:28.19</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1081&#31;reute
+w f BC-DOW-CHEMICAL-&lt;DOW>-RA   06-15 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW CHEMICAL &lt;DOW> RAISING LATEX ADDITIVE PRICES</TITLE>
+<DATELINE>    MIDLAND, Mich., June 15 - </DATELINE><BODY>Dow Chemical Co said effective
+July 15 it is raising all bulk and drum prices for its line of
+DOWNRIGHT styrene-butadiene latex additives used in the
+modification of asphalts by 15 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22171" NEWID="18377">
+<DATE>15-JUN-1987 10:30:23.27</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1116&#31;reute
+b f BC-EGYPT-SUBMITS-IDENTIC   06-15 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT SUBMITS IDENTICAL BID IN EEP WHEAT TENDER</TITLE>
+<DATELINE>    KANSAS CITY, June 15 - </DATELINE><BODY>Egypt for the third time submitted a
+bid of 89 dlrs per tonne in its tender for 200,000 tonnes of
+soft red or white wheat for June-July delivery under the export
+enhancement program, U.S. exporters said.
+    USDA has rejected that bid twice, the sources noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22052" NEWID="18378">
+<DATE>15-JUN-1987 10:59:31.81</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>eyskens</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1242&#31;reute
+u f BC-EC-FARM-CRISIS-LIKELY   06-15 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FARM CRISIS LIKELY TO GO TO END-JUNE SUMMIT</TITLE>
+<AUTHOR>    By Gerrard Raven, Reuters</AUTHOR>
+<DATELINE>    LUXEMBOURG, June 15 - </DATELINE><BODY>Plans for key reforms of the European
+Community's (EC) controversial farm policy will almost
+certainly have to be referred to the bloc's heads of government
+at a summit meeting on June 29 and 30, Belgian finance minister
+Mark Eyskens said today.
+    Eyskens was speaking at a news conference after chairing a
+joint meeting of EC finance and agriculture ministers which was
+designed to help break a deadlock over this year's EC farm
+price package which has endured since March.
+    Diplomats quoted EC Executive Commission president Jacques
+Delors as saying at the same meeting that it would be a
+disaster if the two most difficult issues at the farm talks had
+to be referred to heads of government.
+    These issues are a Commission plan for a tax on marine and
+vegetable fats and oils, and proposals to change the system by
+which EC farm prices, expressed in European currency units
+(Ecus), are translated into the currencies of member states.
+    The oils and fats tax is opposed by a group of countries
+which fears it could provoke trade retaliation by the U.S., A
+major exporter of soybeans to the EC.
+    West Germany, meanwhile, is strongly against the technical
+currency move, which would result in additional price cuts for
+farmers in countries with strong currencies, such as the mark.
+    Commission sources said Delors is anxious that the two
+issues are not referred to the summit because this would mean
+heads of government diverting their attention from much more
+important world and Community issues.
+    Eyskens said decisions from heads of government were also
+likely to be less sound since they do not usually interest
+themselves in such technically complex questions.
+    However, Eyskens said today's meeting had thrown up some
+nuances in member state positions "which may make the dialogue
+more constructive in the next few weeks."
+    If farm prices are not decided by the end of this month,
+the Commission could use its own powers to impose a seven pct
+cut in cereals prices, farm trade sources said. It originally
+proposed measures to cut farm spending by 1.1 billion Ecus this
+year, with effective price cuts of over 10 pct for some crops.
+    Diplomats said farm ministers might be able to agree a
+price package cutting spending by around 340 mln Ecus but for
+their disagreements on the oils/fats tax and on currency
+reforms.
+    The finance ministers were called in to emphasise the need
+for budgetary restraint in the face of an almost certain EC
+budget deficit of over five billion Ecus this year.
+    Although Delors was said by aides to have found today's
+meeting very useful, diplomats said there was little sign of a
+major shift in the position of member states, or of finance
+ministers adopting a different line from that of their
+agriculture colleagues.
+    The farm ministers are expected to meet for most of this
+week in Luxembourg in a pre-summit attempt to bridge their
+differences.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22032" NEWID="18379">
+<DATE>15-JUN-1987 11:10:34.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1308&#31;reute
+r f BC-PHONEMATE-INC-&lt;PHMT.O   06-15 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHONEMATE INC &lt;PHMT.O> RELISTED ON NASDAQ</TITLE>
+<DATELINE>    TORRANCE, Calif., June 15 - </DATELINE><BODY>PhoneMate Inc said its common
+stock will be relisted on the NASDAQ National Market System on
+July 8.
+    NASDAQ said the company's shares were relisted in the
+NASDAQ system on June 4, following a delisting in September
+1984 due to insufficient capital and surplus.
+    PhoneMate Inc designs, engineers and markets
+telecommunications products for the home and small business
+markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22003" NEWID="18380">
+<DATE>15-JUN-1987 11:14:37.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE><D>babangida</D></PEOPLE>
+<ORGS><D>eca</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f1324&#31;reute
+r f BC-WORLD-FAILS-AFRICA-ON   06-15 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD FAILS AFRICA ON RECOVERY, CONFERENCE TOLD</TITLE>
+<DATELINE>    ABUJA, Nigeria, June 15 - </DATELINE><BODY>Africa's efforts to revive its
+economy are not being matched by international help, two of the
+continent's heads of state said at the opening of a conference.
+    Presidents Ibrahim Babangida of Nigeria and Denis Sassou-
+Nguesso of Congo urged Africa's development partners to act
+over the continent's debt, which now totals 175 billion dlrs,
+at a meeting organised by the Economic Commission for Africa
+(ECA).
+    Their view was backed by Monique Landry, Canada's Minister
+for External Relations. "Whether we look at aid or debt or
+trade, the rich countries have not as yet lived up to their
+part of last year's economic recovery pact."
+    Babangida said it was unrealistic to expect any country to
+spend more than 30 pct of its earnings on debt servicing
+particularly as prices for the continent's commodities were so
+unstable.
+    Sassou Nguesso, current Chairman of the Organisation of
+African Unity, accused international aid donors of failing to
+provide the vigorous effort they promised a year ago.
+    The conference, attended by African ministers, economists
+and representatives from major donors, will review progress
+since both sides agreed at the U.N. Last year to revive the
+African economy over five years.
+    The response from the international community has been
+negative and projections of improved growth rates for Africa
+already look far too optimistic, ECA Executive Secretary
+Adebayo Adedeji told the conference.
+    Both Babangida and Sassou Nguesso called for the debts of
+Africa's poorest countries to be written off and for repayment
+and grace terms to be eased.
+    They won a degree of support from Landry, "Even private
+bankers are willing to talk about the need for longer term
+solutions to Africa's debt."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22000" NEWID="18381">
+<DATE>15-JUN-1987 11:19:00.65</DATE>
+<TOPICS><D>acq</D><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f1338&#31;reute
+r f BC-OCCIDENTAL-&lt;OXY>-BUYS   06-15 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OCCIDENTAL &lt;OXY> BUYS SHELL VINYL CHLORIDE UNIT</TITLE>
+<DATELINE>    DARIEN, Conn., June 15 - </DATELINE><BODY>Occidental Petroleum Corp said it
+has completed the acquisition of Shell Oil Co's vinyl chloride
+monomer business for undisclosed terms.
+    Shell is a subsidiary of Royal Dutch/Shell Group &lt;RD> &lt;SC>.
+    The company said the transaction will allow it to source
+over half its vinyl chloride monomer requirements internally,
+making it fully integrated in polyvinyl chloride production. It
+has been buying all of its requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21997" NEWID="18382">
+<DATE>15-JUN-1987 11:22:24.47</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>usa</D><D>poland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1353&#31;reute
+u f BC-WINTER-DAMAGE-TO-POLI   06-15 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINTER DAMAGE TO POLISH RAPESEED SEEN MINOR</TITLE>
+<DATELINE>    WASHINGTON, June 15 - </DATELINE><BODY>Despite the past severe winter,
+damage to rapeseed acreage in Poland appears to be minor, the
+U.S. Agriculture Department's Counselor in Warsaw said in a
+field report.
+    The report, dated June 11, said official statements show
+that about 40,000 hectares, less than 10 pct of sown area, was
+plowed under this year compared with the usual 15 pct.
+    Rapeseed production is forecast at 1.1 mln tonnes, 200,000
+tonnes below the record crop produced in 1986, but 35 pct above
+previous forecasts, the report said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21994" NEWID="18383">
+<DATE>15-JUN-1987 11:34:58.34</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>ghana</D><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f1405&#31;reute
+u f BC-DROUGHT-THREATENS-FAM   06-15 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DROUGHT THREATENS FAMINE, COCOA DAMAGE IN GHANA</TITLE>
+<DATELINE>    ABIDJAN, June 15 - </DATELINE><BODY>Ghana is taking steps to combat imminent
+famine in certain areas near its border with Togo following
+scant rainfall, Accra Radio reported today.
+    The Radio, monitored in Abidjan, said fishing and farming
+activities have been disrupted in certain districts around the
+Volta region near the eastern coast.
+    The report follows a period of unusually dry weather in
+both Ghana and the Ivory Coast, which trade sources in Abidjan
+said could pose problems for important developing cocoa crops.
+    The Accra Radio report said a Ghanaian government
+delegation, which visited the Anglo and Ketu districts last
+week to investigate reports of food shortages, promised the
+people a regular supply of maize, rice and sugar.
+    At Anglo, the delegation was told that the Keta Lagoon had
+dried up, halting fishing activities, while catches at sea were
+poor and crops had failed, all due to lack of rainfall.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22109" NEWID="18384">
+<DATE>15-JUN-1987 11:36:19.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1413&#31;reute
+r f BC-LEWIS-GALOOB-&lt;GATO.O>   06-15 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEWIS GALOOB &lt;GATO.O> CLEARED FOR NYSE LISTING</TITLE>
+<DATELINE>    SOUTH SAN FRANCISCO, Calif., June 15 - </DATELINE><BODY>Lewis Galoob Toys
+Inc said it has been cleared to apply for New York Stock
+Exchange listing, and it has filed a formal application.
+    the company said it expects to be listed on the NYSE by the
+first week in July.
+    Galoob's stock is now traded on the NASDAQ system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21988" NEWID="18385">
+<DATE>15-JUN-1987 11:46:57.48</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1448&#31;reute
+d f BC-CONCENTRATION-OF-ZINC   06-15 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONCENTRATION OF ZINC INDUSTRY SEEN CONTINUING</TITLE>
+<DATELINE>    AMSTERDAM, June 15 - </DATELINE><BODY>The world's zinc mining and smelting
+industry will continue to become more concentrated and more
+integrated in the 1990s, Dr Klaus Goekmann, vice-president of
+marketing and sales for Cominco Ltd, said.
+    Opening a Metal Bulletin base metals conference here,
+Goekmann forecast the number of individual businesses in the
+industry would continue to decline as companies merged or
+formed conglomerates with increased market shares.
+    At the same time, the conglomerates would become more
+integrated, handling the entire chain from basic ore production
+through marketing, he added.
+    "The key to future viability will be flexibility. Prices are
+likely to remain at current historically low levels at least in
+the medium term, and competition with other metals and
+materials will continue to intensify," Goekmann said.
+    "In the past, we have only reacted to changes in the world's
+market and economics. In the future, we have to act less
+defensively and more aggressively."
+    The industry also has massive overcapacity and this problem
+has to be tackled quickly, he added.
+    "Attempts in the past to cut out this excess capacity in
+Europe have all failed miserably. However, there is some hope
+that current efforts may be successful," Goekmann said.
+    At the same time, companies must move to limit their
+geographical and currency risks and become far more marketing
+orientated, he added.
+    "With all these changes and rationalization, the industry
+can survive to recover its past strength and profitability.
+Without them, the future does not look very rosy," Goekmann
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22001" NEWID="18386">
+<DATE>15-JUN-1987 11:55:08.66</DATE>
+<TOPICS><D>pet-chem</D><D>rubber</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1482&#31;reute
+w f BC-REICHHOLD-&lt;RCI>-UNIT   06-15 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REICHHOLD &lt;RCI> UNIT HIKES PRICES ON PRODUCTS</TITLE>
+<DATELINE>    DOVER, Del., June 15 - </DATELINE><BODY>Reichhold Chemicals Inc &lt;RCI.N> said
+its emulsion polymers division increased its selling prices of
+its polyvinyl acetate and vinyl acetate-acrylate latexes for
+paper coating application by between two and four cts per dry
+pound.
+    The company attributed the price increases to the
+continuing escalation of raw materials costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21986" NEWID="18387">
+<DATE>15-JUN-1987 11:59:07.22</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1496&#31;reute
+r f BC-INT'L-PHOENIX-ENERGY   06-15 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L PHOENIX ENERGY &lt;IPYV> JOINS GOLD VENTURE</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, June 15 - </DATELINE><BODY>International
+Phoenix Energy Corp said it launched a gold recovery venture
+with &lt;Phoenix Exploration and Recovery Inc> and Mexico's
+Sistemas Tecnicos De Recuperaciones, Sociedad Anonima de
+Capital Variable.
+    The company said the joint venture will explore and recover
+gold, precious metals and artefacts from treasure ships worth
+10 billion dlrs reported to have sunk in the harbor area of
+Vera Cruz, Mexico.
+    The company said it expects work to begin in 30 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21987" NEWID="18388">
+<DATE>15-JUN-1987 11:59:59.35</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E
+&#22;&#22;&#1;f1499&#31;reute
+r f BC-INT'L-PHOENIX-ENERGY   06-15 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L PHOENIX ENERGY &lt;IPYV> JOINS GOLD VENTURE</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, June 15 - </DATELINE><BODY>International
+Phoenix Energy Corp said it launched a gold recovery venture
+with &lt;Phoenix Exploration and Recovery Inc> and Mexico's
+Sistemas Tecnicos De Recuperaciones, Sociedad Anonima de
+Capital Variable.
+    The company said the joint venture will explore and recover
+gold, precious metals and artefacts from treasure ships worth
+10 billion dlrs reported to have sunk in the harbor area of
+Vera Cruz, Mexico.
+    The company said it expects work to begin in 30 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22139" NEWID="18389">
+<DATE>15-JUN-1987 12:07:52.41</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f1558&#31;reute
+u f BC-BASIN-PIPELINE-REOPEN   06-15 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASIN PIPELINE REOPENS IN U.S. SOUTHWEST</TITLE>
+<DATELINE>    NEW YORK, June 15 - </DATELINE><BODY>The Basin Pipeline in the Southwestern
+U.S. reopened yesterday with the expectation that all crude oil
+shipments for June will arrive on schedule, according to a
+spokesman for Texaco Inc. &lt;TX>, operator of the pipeline
+through its Texaco Pipeline Co subsidiary.
+    "We project the pipeline will make all June crude shipments
+scheduled," said Dan Stevens, the spokesman. 
+    The pipeline reopened Sunday evening around 1900 EDT,
+carrying an equivalent 280,000 barrels of crude oil per day
+compared with an average 225,000 bpd shipped during the 30 days
+before its shutdown on May 30, according to Stevens.
+    Stevens said the increased shipments will make up for all
+crude oil scheduled to arrive in Cushing, Oklahoma via the
+pipeline by the end of June.
+    The pipeline was shut May 30 because of an apparent rupture
+caused by flooding of the Red River, near the Texas/Oklahoma
+border. It was expected to resume service Saturday but rising
+waters of the river, which had recently receded, delayed the
+reopening, Stevens said. Approximately 1100 feet of new 24-inch
+steel piping was installed under the river to replace damaged
+piping, according to Stevens.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22088" NEWID="18390">
+<DATE>15-JUN-1987 12:34:22.09</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1709&#31;reute
+d f BC-AMAX-INC-&lt;AMX>-USES-P   06-15 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMAX INC &lt;AMX> USES POND SYSTEM FOR MAGNESIUM</TITLE>
+<DATELINE>    SALT LAKE CITY, Utah, June 15 - </DATELINE><BODY>AMAX Inc unit, AMAX
+Magnesium Corp, said it will build a Knolls Solar Evaporation
+Pond System for recovery of magnesium.
+    The company said the system will replace a previous
+recovery system which was flooded in 1986.
+    The company said construction should be complete by 1988
+and in full production by 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21998" NEWID="18391">
+<DATE>15-JUN-1987 12:40:21.75</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>canada</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1729&#31;reute
+u f BC-JAPAN-BUYS-UP-TO-5,00   06-15 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS UP TO 5,000 TONNES CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, June 15 - </DATELINE><BODY>Japanese crushers have bought 3,000 to
+5,000 tonnes of Canadian rapeseed, trade sources said.
+    Delivery dates and price details were not available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21982" NEWID="18392">
+<DATE>15-JUN-1987 13:00:55.02</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1827&#31;reute
+d f BC-OLIN-&lt;OLN>,-NIPPON-GA   06-15 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIN &lt;OLN>, NIPPON-GAKKI'S YAMAHA IN PACT</TITLE>
+<DATELINE>    STAMFORD, Conn., JUne 15 - </DATELINE><BODY>Olin Corp said it formed a joint
+venture with the Yamaha Group of Japan's Nippon-Gakki Co LTd to
+manufacture Olin's high-performance copper alloys in Japan for
+sale in the Far East.
+    The new firm, Yamaha-Olin Metal Corp, will share facilities
+with Yamaha in Iwata, which are expected to come on line in the
+third quarter of 1988., it said.
+    The two companies first joined forces in August 1983 when
+Yamaha agreed to process and market one of Olin's alloys. The
+agreement led to a 1985 reroll agreement that involved a number
+of alloys, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22053" NEWID="18393">
+<DATE>15-JUN-1987 13:19:48.53</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1884&#31;reute
+u f BC-SPAIN-COMES-OUT-AGAIN   06-15 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN COMES OUT AGAINST EC FATS TAX</TITLE>
+<DATELINE>    LUXEMBOURG, June 15 - </DATELINE><BODY>Spain has joined the group of
+European Community countries opposed to the proposed tax on
+marine and vegetable oils and fats, diplomatic sources said.
+    They said the Spanish position was clarified at a joint
+meeting here of EC finance and agriculture ministers to discuss
+the budgetary situation surrounding this year's EC farm price
+negotiations.
+    Previously, West Germany, Britain, Portugal and Denmark
+have declared themselves against the tax with Spain's position
+unclear, the sources said.
+    The sources said Spanish junior finance minister Guillermo
+de la Dehesa said Spain was against the tax because of its
+implications for world trade talks within the General Agreement
+on Tariffs and Trade and because it was discrimatory by
+excluding butter.
+    They said the countries now opposed to the tax have far
+more votes than needed under the EC's majority voting system to
+block the proposal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21983" NEWID="18394">
+<DATE>15-JUN-1987 13:21:08.52</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f1888&#31;reute
+d f BC-OLIN-NIPPON-GAKKI'S-Y   06-15 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIN NIPPON-GAKKI'S YAMAHA IN PACT</TITLE>
+<DATELINE>    STAMFORD, Conn., June 15 - </DATELINE><BODY>Olin Corp said it formed a joint
+venture with the Yamaha Group of Japan's Nippon-Gakki Co Ltd to
+manufacture Olin's high-performance copper alloys in Japan for
+sale in the Far East.
+    The new firm, Yamaha-Olin Metal Corp, will share facilities
+with Yamaha in Iwata, which are expected to come on line in the
+third quarter of 1988., it said.
+    The two companies first joined forces in August 1983 when
+Yamaha agreed to process and market one of Olin's alloys. The
+agreement led to a 1985 reroll agreement that involved a number
+of alloys, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21995" NEWID="18395">
+<DATE>15-JUN-1987 13:23:10.25</DATE>
+<TOPICS><D>veg-oil</D><D>cocoa</D><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f1895&#31;reute
+u f BC-CAOBISCO-CONDEMNS-EC   06-15 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAOBISCO CONDEMNS EC OILS AND FATS TAX PROPOSAL</TITLE>
+<DATELINE>    LONDON, June 15 - </DATELINE><BODY>The proposed European Community (EC) levy
+on oils and fats has been criticised by CAOBISCO, the
+association of EC biscuit, chocolate and confectionery
+manufacturers.
+    In a letter to the President of the Council of Ministers,
+M. Eyskens, the association said the tax would cost the EC
+biscuit, cake, chocolate and confectionery industries almost
+200 mln European currency units per year.
+    The tax also was contrary to the spirit of the General
+Agreement on Tariffs and Trade (GATT) and could prompt U.S.
+Retaliatory measures on EC exports, CAOBISCO said.
+    In a parallel move the British Biscuit, Cake, Chocolate and
+Confectionery Alliance has written to U.K. Chancellor of the
+Exchequer Nigel Lawson urging him to oppose the levy.
+    President Charles Gillett said the tax was extending the
+Commission's powers by allowing it to set levels of consumer
+taxation, an area previously reserved for national treasuries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22012" NEWID="18396">
+<DATE>15-JUN-1987 13:36:23.50</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>isa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1940&#31;reute
+u f BC-ISO-COMMITTEE-DOES-NO   06-15 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISO DEFERS DEBATE ON BUDGET CONTRIBUTIONS</TITLE>
+<DATELINE>    LONDON, June 15 - </DATELINE><BODY>An International Sugar Organization (ISO)
+committee discussed the terms of a new administrative
+International Sugar Agreement but did not debate the most
+controversial area of budget contributions, delegates said.
+    Progress was made in a number of technical areas, but with
+one of the main importers, the Soviet Union, unable to attend
+because of prior commitments, the distribution of votes and
+contributions was not raised, an ISO spokesman said.
+    Delegates said private meetings are also taking place
+between the main participants to discuss the details of the new
+agreement. The committee is due to meet again tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21996" NEWID="18397">
+<DATE>15-JUN-1987 13:45:10.26</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T
+&#22;&#22;&#1;f1956&#31;reute
+u f BC-POOR-RAINFALL-MAY-HIT   06-15 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POOR RAINFALL MAY HIT IVORY COAST COCOA - TRADE</TITLE>
+<AUTHOR>    By Brian Killen, Reuters</AUTHOR>
+<DATELINE>    ABIDJAN, June 15 - </DATELINE><BODY>Lack of rainfall in recent weeks may
+have affected Ivory Coast 1987/88 main crop cocoa prospects,
+although good precipitation in the last half of June and in
+July could still reverse the situation, trade sources said.
+    They said the crop is still likely to be fairly large and
+it is too early to determine the consequences of the dry spell
+on the harvest.
+    "This year's crop will probably be another good one. It is
+impossible to tell how flowering is going, but there should be
+no problems unless something drastic happens," one trader said.
+    Private forecaster Accu-Weather reported today that most
+Ivory Coast cocoa growing regions were without rain over the
+weekend and similar weather will persist today and Tuesday.
+    "Rain would be welcomed, as the past week has been quite
+dry, except along the western portion of the coast," it said.
+    Traders agreed rain was needed, but some noted that the dry
+conditions had not affected the entire country.
+    The Ivorian Meteorological Office could not be reached for
+comment or recent statistics. The trade sources said rainfall
+in recent weeks was likely insufficient for cocoa plants,
+although it is difficult to assess what the minimum
+requirements are.
+    Trade sources said there had been good rains in late
+January, February and March which helped to promote flowering,
+but April and May were fairly dry in most areas except in the
+south west of the country.
+    The Ivory Coast mid-crop should have been covered by
+March/April rains but the main crop, still in its formation
+period, depends largely on rainfall from April through July.
+    The main rains normally last between May and July, before
+returning again in September/October. "Flowering has been less
+than normal and if the trees are not carrying that much at the
+moment, then they have a chance to recover," one trader said.
+    Another trade source noted the flowers still had plenty of
+time to develop and the rains were "not good but still not bad."
+    The sources said that while the weather might emerge as a
+cause for concern, crop conditions in West Africa were
+presently taking a back seat to other factors in the
+international cocoa market.
+    This is not only because of the premature nature of any
+harvest predictions but also because of the supply of cocoa
+already burdening the market, they said.
+    "With a third year of surplus overhanging the market and the
+buffer stock failing to boost prices despite regular purchases,
+the weather has not been a factor," one private consultant said.
+    London-based dealer Gill and Duffus said in its April cocoa
+market report the current 1986/87 Ivory Coast crop was likely
+to total 570,000 tonnes, which compares with a record 1985/86
+crop estimate of 585,000 tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22002" NEWID="18398">
+<DATE>15-JUN-1987 13:45:26.40</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f1957&#31;reute
+r f BC-AMOCO-&lt;AN>-TO-BUILD-T   06-15 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> TO BUILD TAIWAN CHEMICAL PLANT</TITLE>
+<DATELINE>    CHICAGO, June 15 - </DATELINE><BODY>Amoco Corp said a Taiwan petrochemical
+venture in which it is part owner plans to build a chemical
+plant in Taiwan.
+    The company said the plant, to be built by China American
+Petrochemical Co Ltd which is 50 pct owned by Amoco Chemical
+Co, will make purified terephthalic acid (PTA), a raw material
+used to make polyester fibers.
+    It said the facility, China American's third PTA plant,
+will have a capacity of 550 mln pounds of PTA annually.
+    China American's other two owners are Chinese Petroleum
+Corp, 25 pct, and Central Investment Holding Co, 25 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21981" NEWID="18399">
+<DATE>15-JUN-1987 13:50:22.20</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C
+&#22;&#22;&#1;f1971&#31;reute
+r f BC-EC-OFFICIAL-WARNS-U.S   06-15 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC OFFICIAL WARNS U.S. ON UNILATERAL TRADE MOVES</TITLE>
+<DATELINE>    WASHINGTON, June 15 - </DATELINE><BODY>Roy Denman, the European Community
+representative in Washington, warned the United States against
+setting a rule that trading partners running a surplus should
+be "beaten over the head" for not removing trade barriers.
+    Denman, in an Op-Ed piece in today's Washington Post, said
+trade disputes should be dealt with through negotiations,
+either bilaterally or multilaterally, through the Geneva-based
+United Nations agency, General Agreement on Tariffs and Trade,
+GATT.
+    Denman's comments came as the Senate was to begin debate
+this week on a major trade bill.
+    "It is dangerous to establish a rule that trading partners
+running a surplus with the United States should be beaten over
+the head if trade barriers objected to by the United States are
+not removed within a certain time-scale," said Denman in an
+apparent reference to some of the measures in the congressional
+trade bill.
+    "If we turn to the path of unilateral action, retaliation
+and counter-retaliation, the one-world (GATT) trading system
+will very quickly unravel," he said.
+    Denman said the 170 billion dlr U.S. trade deficit was not
+purely the result of unfair trade practices by foreign nations.
+    "The trade deficit results from a combination of
+macroeconomic factors (the U.S. budget deficit), the exchange
+rate and the competitiveness of (U.S.) domestic industry,"
+Denman said.
+    He also said that Washington employed what he termed unfair
+trade prctices.
+    He said the European Community had recently updated a list
+of some 30 U.S. trade barriers that impede EC exports.
+    "We did not circulate this list with any hostile or
+aggressive intent. We did so to set the record straight," Denman
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22172" NEWID="18400">
+<DATE>15-JUN-1987 14:10:26.83</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D><D>tunisia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2014&#31;reute
+u f BC-TUNISIA-SETS-SOFT-WHE   06-15 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TUNISIA SETS SOFT WHEAT BUYING TENDER ON JUNE 16</TITLE>
+<DATELINE>    PARIS, June 15 - </DATELINE><BODY>Tunisia has launched a fresh buying tender
+for 200,000 tonnes of French soft wheat for tomorrow for
+shipping between July and September, trade sources said.
+    Tunisia has in recent weeks cancelled several tenders,
+which are covered by the French government's COFACE export
+credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22130" NEWID="18401">
+<DATE>15-JUN-1987 14:19:12.89</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y
+&#22;&#22;&#1;f2060&#31;reute
+r f BC-PREMIERS,-GOVERNORS-P   06-15 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREMIERS, GOVERNORS PUSH EAST COAST DEVELOPMENT</TITLE>
+<DATELINE>    Halifax, Newfoundland, June 15 - </DATELINE><BODY>The premiers of Canada's
+eastern provinces and the governors of America's New England
+states urged development of Canada's offshore oil and gas
+fields and construction of a pipeline from Nova Scotia to New
+England.
+    Newfoundland premier Brian Peckford, speaking to the annual
+conference of New England and eastern Canadian leaders, said
+development would prevent a repetition of the energy crisis of
+the early 1970s.
+    The group also agreed to discuss energy and security of
+supply next spring.
+    Drilling off Canada's Atlantic coast has stalled since
+world oil prices began tumbling two years ago. The resolution
+supporting a natural gas pipeline from Nova Scotia to New
+England has been on the agenda for six years, and this is the
+sixth year it has been approved.
+    The two-day conference ends tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22047" NEWID="18402">
+<DATE>15-JUN-1987 14:25:49.81</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2084&#31;reute
+r f BC-USX-&lt;X>/WORTHINGTON-P   06-15 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X>/WORTHINGTON PLANT REACHES DESIGN LEVELS</TITLE>
+<DATELINE>    JACKSON, Mich., June 15 - </DATELINE><BODY>USX Corp said it and Worthington
+Industries &lt;WTHG.O> Inc's Worthingon Specialty Products steel
+processing plant in Jackson, Mich., has recently reached
+production at the levels for which it was designed.
+    The company said the 600,000 short ton per year plant is
+designed to provide automotive, appliance and other customers
+with first-stage processed steel for just-in-time delivery.
+    It opened in August 1986, just as USX was beginning a
+six-month labor dispute. USX is sourcing the plant with coils
+from its Gary, Ind., works and Mon Valley Works near
+Pittsburgh, and Worthington is operating the plant.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22054" NEWID="18403">
+<DATE>15-JUN-1987 14:27:12.11</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>kiechle</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T
+&#22;&#22;&#1;f2086&#31;reute
+r f BC-GERMANY-PLANS-TO-RUSH   06-15 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMANY PLANS TO RUSH SPECIAL CREDITS TO FARMERS</TITLE>
+<AUTHOR>    By Felix Dearden, Reuters</AUTHOR>
+<DATELINE>    BONN, June 15 - </DATELINE><BODY>Bonn is expected to rush through
+legislation this month creating special credits to protect West
+German farmers from a proposed European Community, EC, payments
+freeze, government sources said.
+    The new measures are apparently designed to shield West
+German farmers from the consequences of the looming EC budget
+crisis and give Bonn scope to keep up its opposition to the EC
+executive commission's farm policy reform plans, political
+sources said.
+    EC finance and farm minsters held an unprecedented joint
+session in Luxembourg today to try to solve the stalemate over
+future farm financing.
+    West Germany has proved the main obstacle to Commission
+attempts to raise fresh funds for farm financing by taxing
+imports of vegetable oil and fats, for fear of U.S.
+retaliation.
+    Bonn has also opposed the abolition of an agri-monetary
+mechanism that acts as a subsidy for West German farm exports.
+    The draft legislation, which the ruling centre-right
+coalition will present to parliament tomorrow, would provide
+temporary credits for farm subsidies usually paid by Brussels.
+    The Commission, facing a five billion European Currency
+Units (5.73 billion dlrs) budget deficit by the end of the
+year, has threatened to start phasing out payment of some
+subsidies and premiums from August, unless EC member states
+take urgent measures to provide fresh funds.
+    West German Agriculture Minister Ignaz Kiechle gave the new
+legislation top priority after last month's failure to agree to
+a farm price package for 1986/87.
+    Political sources in Bonn said Kiechle decided to take the
+sting out of proposed Commission measures to cut back subsidies
+by creating a buffer for West German farmers.
+    The opposition SPD has agreed to back the Kiechle bill and
+allow its hasty passage through parliament by July 1, ahead of
+the summer recess, SPD sources said.
+    SPD farm policy spokesman Jan Oostergetelo said his party
+would support the bill, even though it would further swell
+massive government spending on agriculture. He said the bill
+was an admission that the government believes the farm price
+talks will fail and the EC faces bankruptcy.
+    According to a copy of the draft bill obtained by Reuters,
+government authorities will have over two billion marks (1.1
+billion dlrs) available to pay farmers advance subsidies and
+premiums for grains and other crops harvested this summer.
+    The Commission has agreed to pay the subsidies eventually.
+But paying farmers on time will cost Bonn about 100 mln marks
+(55 mln dlrs) in interest payments, farm policy sources said.
+    Chancellor Helmut Kohl's cabinet is expected to support the
+bill when it meets tomorrow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22102" NEWID="18404">
+<DATE>15-JUN-1987 15:17:10.55</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f2232&#31;reute
+b f BC-/BAKER-SAYS-DOLLAR-DR   06-15 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SAYS DOLLAR DROP WOULD BE COUNTERPRODUCTIVE</TITLE>
+<DATELINE>    INDIANAPOLIS, Ind., June 15 - </DATELINE><BODY>Treasury Secretary James
+Baker said any further decline in the dollar against other
+currencies would be counterproductive.
+    Baker was asked after a speech to the Pan American Economic
+Leadership Conference about U.S. policy in light of President
+Reagan's comment last week at the Venice summit that he could
+see some further decline in the dollar within reason.
+    "All of the G-7 nations believe that any further decline in
+the dollar would be counterproductive," Baker told reporters.
+    Following the Venice press conference by Reagan, the White
+House clarified Reagan's comments on the dollar by saying that
+the United States wants a stable dollar.
+    The main incentive for the United States to favor a weaker
+dollar has been the need to reduce the massive trade deficit,
+but the deficit has narrowed for the past two months and
+appears to be responding to the 40 pct drop in the dollar
+against the yen and the mark during the past two years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22028" NEWID="18405">
+<DATE>15-JUN-1987 15:35:09.06</DATE>
+<TOPICS><D>crude</D><D>heat</D><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2294&#31;reute
+r f BC-HEDGERS-INCREASE-SHAR   06-15 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEDGERS INCREASE SHARE OF U.S. CRUDE OIL FUTURES</TITLE>
+<DATELINE>    NEW YORK, June 15 - </DATELINE><BODY>Commercial hedgers increased their
+stake in sales of U.S. crude oil and heating oil futures during
+May, according to a U.S. federal agency report.
+    Trade hedgers accounted for 64.7 pct of open short
+positions in May, compared with 58.2 pct in April, and added
+5,700 new sales in May, while liquidating almost 11,000
+purchases, the report said.
+    Speculators, in contrast, saw a decline in share of crude
+oil shorts in May. May spec shorts totaled 13.6 pct versus 25.6
+pct in April. The report was prepared by the Commodity Futures
+Trading Commission.                                   
+     In heating oil futures, commercial users accounted for
+68.7 pct of short postions in May versus 58.2 pct in April and
+added 311 new short positions.
+    Gasoline futures saw little change in the percentage of
+short or long positions held by commercial users, speculators,
+or small traders, according to the CFTC report. Trade users 
+accounted for 72.5 pct of short gasoline futures positions in
+May, compared with a revised 75.7 pct in April.
+ New York Mercantile Exchange
+ Commitments of traders, May 29, 1987
+             SPECULATOR   SPREADERS HEDGERS   TOTAL
+           LONG SHRT LONG SHRT LONG SHRT LONG SHRT
+ HEATING   16.1  5.7 2.5  2.5  49.7 68.7 68.2 76.8
+  OIL      SMALL TRADERS - long 31.8 short 23.2
+ UNLEADED  10.8  4.0 7.0  7.0  64.4 72.5 82.3 83.6
+  GAS      SMALL TRADERS - long 17.7 short 16.4
+ CRUDE     15.1 13.6 5.5  5.5  61.2 64.7 81.8 83.8
+  OIL      SMALL TRADERS - long 18.2 short 16.2
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22033" NEWID="18406">
+<DATE>15-JUN-1987 15:40:15.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2313&#31;reute
+h f BC-BEAR-AUTOMOTIVE-&lt;BEAR   06-15 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEAR AUTOMOTIVE &lt;BEAR.O> TO TRADE ON NASDAQ</TITLE>
+<DATELINE>    MILWAUKEE, WIS., June 15 - </DATELINE><BODY>Bear Automotive Service
+Equipment Co said its common stock will begin trading June 16
+on the NASDAQ National Market System.
+    The company manufactures computerized electronic diagnostic
+and wheel alignment equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22048" NEWID="18407">
+<DATE>15-JUN-1987 16:19:46.15</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2409&#31;reute
+r f BC-AM-GERMANY-STEEL   06-15 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN STEEL INDUSTRY TO SEEK LAY-OFF FUNDS</TITLE>
+<AUTHOR>    By Felix Dearden, Reuters</AUTHOR>
+<DATELINE>    BONN, June 15 - </DATELINE><BODY>The West German Government will be asked
+June 16 to provide nearly 850 million marks (470 million
+dollars) to lay off or retrain 20,000 steel workers whose jobs
+are threatened by the recent slump in the country's steel
+industry.
+    Government spokesman Friedhelm Ost said Chancellor Helmut
+Kohl will review a joint proposal by steel employers and trade
+unions at a meeting on the ailing industry tomorrow.
+    Both steel employers and union leaders are expected to tell
+Kohl tomorrow that the Government has failed to do enough to
+protect German steel firms from subsidies and unfair
+competition from other European Community members.
+    Government sources said Bonn was prepared to take part in a
+common effort to find a solution for the steelworkers. But
+since the Government is struggling to finance tax cuts by
+slashing state subsidies, it is not prepared to pick up the
+whole bill for the layoffs, the sources said.
+    A spokesman for IG Metall, the metalworkers' trade union,
+said the proposal seeks redundancy payments to 10,000 workers
+in Ruhr and Rhineland plants. Some 6,000 workers would be
+redeployed in non-steel making sectors of steel companies,
+while a further 4,000 would be eligible for job-retraining
+schemes.
+    The union estimates that the redundancy payments would
+total 600 million marks (340 million dollars), while job
+retraining schemes would cost a further 240 million marks (130
+million dollars).
+    Up to 30,000 West German steel jobs are at risk in the next
+few years following steep losses incurred by the industry since
+mid-1986.
+    Extensive restructuring of the industry in recent years was
+unable to compensate for the effects of the weak dollar which
+depressed foreign demand for steel, industry sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21978" NEWID="18408">
+<DATE>15-JUN-1987 16:34:43.47</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2457&#31;reute
+u f BC-/NO-YIELD-DAMAGE-YET   06-15 0145</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO YIELD DAMAGE YET IN U.S. CORN, BEANS - USDA</TITLE>
+<DATELINE>    WASHINGTON, June 15 - </DATELINE><BODY>The U.S. corn and soybean crops are
+in mostly good condition and have not suffered any yield
+deterioration from recent hot, dry weather, Agriculture
+Department and private weather and crop analysts said.
+    "I don't see any reduction in yield potential yet," Norton
+Strommen, chief meteorologist at USDA told Reuters. "The (corn
+and soybean) crop is actually in mostly good condition and is
+progressing ahead of normal, which is good," he said.
+    Abnormally hot, dry weather in midwestern crop areas
+sparked a sharp rally in Chicago futures today, causing new
+crop soybeans to advance the 30 cent daily limit to 6.14 dlrs
+per bushel and September corn to go up 12 cents to 2.81 dlrs.
+    "This rally is amazing," a private crop analyst said. "Corn,
+soybeans and wheat are in excellent condition."
+    The USDA meteorologist said the only effects of the warm,
+dy weather on crops so far has probably been to speed up
+development of the crop, which will help the crop better cope
+with stress later in its more critical growing period.
+    "What this weather will do is simply push the crop towards
+rapid development of a good, deep root system to draw on the
+subsoil reserve. It actually strengthens the crop to go through
+a little stress early on," Strommen said.
+    Strommen noted that subsoil moisture is in good shape in
+most growing areas.
+    Strommen and other private crop analysts noted corn and
+soybeans will not enter their critical growth stages until July
+and August.
+    But because of its early development this year, Strommen
+said the midwestern corn crop could enter its reproduction
+period by the first of July.
+    "Weatherwise, if the market is truly concerned about corn or
+soybeans, it should be more concerned about corn. But the
+dryness still has to last for another two to three weeks," an
+analyst said.
+    Soybeans, on the other hand, can withstand several more
+weeks of dryness before yields start deteriorating, crop
+analysts agreed.
+    August and September are the critical yield-producing
+months for soybeans, Strommen said.
+    "The sole purpose of the soybean plant is to simply survive
+during May, June and July until the August rains which
+determine the crop," a crop analyst said.
+    Some analysts contend, however, that in certain growing
+areas the crop has not been receiving enough moisture to ensure
+that there will not be problems later.
+    Strommen noted the USDA's current six to 10 day weather
+forecast calls for above normal temperatures and below normal
+precipitation in much of the corn belt.
+    "This opens up all sorts of speculation," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21977" NEWID="18409">
+<DATE>15-JUN-1987 17:19:51.88</DATE>
+<TOPICS><D>grain</D><D>oilseed</D><D>soybean</D><D>corn</D><D>meal-feed</D><D>soy-meal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f2591&#31;reute
+d f BC-media-summary   06-15 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOT WEATHER PUSHES CBT GRAINS TO NEW HIGHS</TITLE>
+<DATELINE>    CHICAGO, June 15 - </DATELINE><BODY>Hot, dry weather over the Midwest, with
+more forecast, pushed grain futures prices to new highs today
+on the Chicago Board of Trade.
+    Soybean futures led the advance, closing up the
+30-cent-per-bushel daily trading limit in contracts for
+delivery after this year's fall harvest. All months set
+life-of-contract highs and November closed at 6.23 dlrs a
+bushel.
+    "The market is anticipating that it will stay hotter than
+normal for some time out," said David Bartholomew, assistant
+vice president for Merrill Lynch. "We have probably gone as
+high as we need to go at this time, but I don't know how to
+measure the euphoria level."
+    Soymeal futures, which led the grain rally last week,
+posted contract highs and ended up the 10 dlr a ton daily limit
+in new-crop contracts. December closed at 195.70 dlrs.
+    Corn futures set contract highs in March through September,
+with December closing up the 10 cent a bushel limit at 2.11-3/4
+dlrs. Wheat posted more modest gains as dry weather improved
+harvest conditions in the southern Midwest.
+    The hot weather could stress developing corn and soybean
+plants in the Midwest, although some periods of dryness benefit
+young plants by encouraging the development of deep root
+systems, Bartholomew said.
+    European demand for U.S. soybeans and meal contributed to
+active buying here and an estimated 2.0 mln bushels of soybean
+orders went unfilled at the close, traders said.
+    After trading ended, a U.S. Agriculture Department (USDA)
+meteorologist said the U.S. corn and soybean crops have not
+suffered any yield loss yet from hot, dry weather.
+    Strong grain futures ignored weakness in the value of the
+dollar, which can depress prices by making grains more
+expensive for foreign buyers.
+    But the surge in soybeans encouraged buying at New York's
+COMEX, where silver futures recovered from early lows to settle
+steady.
+    Managed fund traders bought silver on the belief that the
+weather-spurred jump in grain futures will revive fears of
+inflation. But the weak dollar pressured COMEX gold futures,
+which closed down following last Friday's news of improved U.S.
+trade deficit figures and better U.S. producer prices.
+    A USDA report released after trading said the number of
+cattle being fed in seven major producing states was above
+levels expected by traders. Traders said the report would
+probably push live cattle futures lower tomorrow at the Chicago
+Mercantile Exchange.
+    USDA put cattle-on-feed in the seven major states at 7.52
+mln head, 106 pct of a year ago and at the high end of trade
+forecasts.
+    A total of 1.954 mln head were placed on feed during May,
+up 111 pct from a year ago, and May cattle marketings were off
+93 pct at 1.524 mln head, USDA said.
+    Cattle futures closed mixed in choppy trading today as hot
+weather slowed consumer demand for red meat, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22106" NEWID="18410">
+<DATE>15-JUN-1987 17:25:18.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2610&#31;reute
+u f BC-SPENDTHRIFT-&lt;SFI>-REM   06-15 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPENDTHRIFT &lt;SFI> REMOVED FROM AMEX</TITLE>
+<DATELINE>    LEXINGTON, KY, JUne 15 - </DATELINE><BODY>Spendthrift Farm Inc said it has
+consented to its removal from the American Stock Exchange due
+to its failure to meet financial listing requirements.
+    The last day for Spendthrift trading shall be June 26.
+    The company also said its board named Dale McDoulett,
+formerly president of Diamond Shamrock International Petroleum
+Co, as president replacing Robert Hagopian who resigned
+February 7.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21989" NEWID="18411">
+<DATE>15-JUN-1987 17:30:22.76</DATE>
+<TOPICS><D>lead</D><D>zinc</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2627&#31;reute
+r f BC-NORANDA-&lt;NOR.TO>-IN-T   06-15 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA &lt;NOR.TO> IN TALKS WITH BRUNSWICK MINERS</TITLE>
+<DATELINE>    TORONTO, June 15 - </DATELINE><BODY>Noranda Inc said contract talks that
+resumed today were continuing with about 1,600 unionized
+workers at its 63 pct-owned Brunswick Mining and Smelter Corp
+&lt;BMS.TO> lead-zinc mine and lead smelter at Bathurst, New
+Brunswick.
+    A Noranda official said in reply to an inquiry that the
+talks involved both the mine and smelter union locals, which
+are part of the United Steelworkers of America.
+    The mineworkers' contract expires July 1. They will vote on
+June 22 either to authorize a strike or ratify a possible
+contract offer. The smelter workers' pact expires July 21.
+    The Brunswick mine produced 413,800 tonnes of zinc and
+206,000 tonnes of lead last year at a recovery rate of 70.5 pct
+zinc and 55.6 pct lead. Concentrates produced were 238,000
+tonnes of zinc and 81,000 tonnes of lead.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21990" NEWID="18412">
+<DATE>15-JUN-1987 17:35:23.35</DATE>
+<TOPICS><D>lead</D><D>zinc</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F
+&#22;&#22;&#1;f2640&#31;reute
+r f BC-COMINCO-&lt;CLT.TO>-TALK   06-15 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO &lt;CLT.TO> TALKS STILL STALLED</TITLE>
+<DATELINE>    Trail, British Columbia, June 11 - </DATELINE><BODY>Cominco Ltd has no
+contract negotiations scheduled this week with any of the five
+striking locals at the Trail smelter and Kimberley lead-zinc
+mine, union spokesmen said.
+    However, leaders of the negotiating teams are trying to set
+up an informal meeting to discuss the stalemate, said John
+Owens, spokesman for United Steelworkers of America local 480,
+which is one of three locals that represents 2,600 production
+and maintenance workers.
+    Owens also said Cominco has said the strike is costing it
+five mln Canadian dlrs a day in debt service costs that are not
+covered by revenue. He said the company has not estimated total
+lost revenue and Cominco spokesmen were not immediately
+available for comment.
+    The strike, which began May nine, also involves two locals
+that represent 600 office and technical workers.
+    The production and maintenance workers three weeks ago
+rejected a tentative three-year agreement that provided cost of
+living adjustments but no basic wage increase.
+    Each of the five locals has a separate contract that
+expired April 30, but the main issues are similar.
+    The Trail smelter produced 240,000 long tons of zinc and
+110,000 long tons of lead last year. The Sullivan mine at
+Kimberley produced 2.2 mln long tons of ore last year, most for
+processing at the Trail smelter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22173" NEWID="18413">
+<DATE>15-JUN-1987 17:51:23.48</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>benin</D><D>ivory-coast</D><D>ghana</D><D>togo</D><D>burkina-faso</D><D>cameroon</D><D>gabon</D><D>liberia</D><D>niger</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2690&#31;reute
+u f BC-MORE-EEP-WHEAT-FOR-WE   06-15 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORE EEP WHEAT FOR WEST AFRICAN COUNTRIES-USDA</TITLE>
+<DATELINE>    WASHINGTON, June 15 - </DATELINE><BODY>U.S. exporters will have the
+opportunity to sell 170,000 tonnes of wheat to West African
+countries under the Export Enhancement Program, the U.S.
+Agriculture Department said.
+    It said in addition to Benin, Cameroon, Ivory Coast, Ghana
+and Togo, four more countries -- Burkina Faso, Gabon, Liberia
+and Niger -- have been declared eligible under the initiative.
+    The export sales will be subsidized with commodities from
+the inventory of the Commodity Credit Corporation (CCC), it
+said.
+    West African countries have already purchased 129,500
+tonnes of wheat under previously announced export bonus
+programs, it noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21991" NEWID="18414">
+<DATE>15-JUN-1987 17:59:44.98</DATE>
+<TOPICS><D>lead</D><D>zinc</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2714&#31;reute
+r f BC-NORANDA-IN-TALKS-WITH   06-15 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA IN TALKS WITH BRUNSWICK LEAD-ZINC MINERS</TITLE>
+<DATELINE>    TORONTO, June 15 - </DATELINE><BODY>Noranda Inc said contract talks resumed
+with about 1,600 unionized workers at its 63 pct-owned
+Brunswick Mining and Smelter Corp lead-zinc mine and lead
+smelter at Bathurst, New Brunswick.
+    A Noranda official said talks involved both the mine and
+smelter union locals, which are part of the United Steelworkers
+of America.
+    The mineworkers' contract expires July 1. They will vote on
+June 22 either to authorize a strike or ratify a possible
+contract offer. The smelter workers' pact expires July 21.
+    The Brunswick mine produced 413,800 tonnes of zinc and
+206,000 tonnes of lead last year at a recovery rate of 70.5 pct
+zinc and 55.6 pct lead. Concentrates produced were 238,000
+tonnes of zinc and 81,000 tonnes of lead.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21976" NEWID="18415">
+<DATE>15-JUN-1987 18:10:09.49</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D><D>comex</D><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM
+&#22;&#22;&#1;f2736&#31;reute
+r f AM-GOLD   06-15 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THREE U.S. EXCHANGES VIE FOR GOLD</TITLE>
+<AUTHOR>    By Patricia Campbell, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, June 15 - </DATELINE><BODY>The glitter of gold has generated a
+three-way competition among the world's largest futures
+exchanges for a 100-ounce contract for the precious metal.
+    When the Chicago Mercantile Exchange (CME) re-introduces
+gold futures trading here Tuesday (at 9 a.m. CDT), it will go
+toe-to-toe in an uphill battle against the Commodity Exchange
+Inc. of New York (Comex), which brokerage executives describe
+as the world's precious metals futures capital for
+institutional business.
+    And by autumn, the oldest and biggest exchange, the Chicago
+Board of Trade (CBT), expects to join the fray when the
+Commodity Futures Trading Commission (CFTC) approves a pending
+application for a 100-ounce gold contract to trade side-by-side
+with the CBT's smaller, one kilogram (about 2.5 U.S. pounds)
+gold futures.
+    The CME introduced a 100-ounce gold futures contract in
+1974, but lack of interest forced it to abandon the instrument
+in July 1986.
+    CME officials said investors and brokerage firms asked the
+exchange to reintroduce the contract because of recent
+volatility in precious metals. Other factors influencing the
+decision may also have been clearing problems in May which
+forced the Comex to shorten trading for three straight days in
+an effort to clear up a huge backlog of unresolved trades,
+especially in silver futures.
+    Comex's problems may now create a window of opportunity for
+other exchanges to successfully offer precious metals
+contracts, industry sources say.
+    But it is much too early to predict whether other exchanges
+can inflict serious damage on the Comex' daily trading volume
+of more than 40,000 contracts which represents commitments to
+buy and sell gold of more than 2 billion dlrs.
+    While average daily trading in the CBT's smaller gold
+contract, aimed at retail customers rather than institutions,
+was under 500 contracts per day throughout 1986, it has
+surpassed 1,000 contracts daily for the past two months.
+    "The climate could not be better for this venture by the
+CME," said Merrill Lynch Commodity Marketing Vice President Neil
+McGarrity.
+    "Everybody is talking about metals now, and interesting
+daily trading ranges provide opportunities for bulls and bears.
+There's good trading volume in all world outlets," McGarrity
+added.
+    "The Merc's gold futures would be insurance for dealers,
+merchants and customers that there would be a market open for
+trading," if heavy gold or silver futures volume causes the
+Comex to close early again, said Jack Lehman, senior vice
+president and director of commodities for Shearson Lehman Bros.
+Inc. and a Comex board member.
+    Delivery points vary for each exchange's 100-ounce gold
+futures. Comex contracts are deliverable through New York
+warehouses while the CME contract specifies London delivery
+through a CME account at Samuel Montagu and Co. Ltd., a member
+of the London gold market. The CBT gold application specifies
+delivery from New York and Chicago vaults.
+    The Comex and the CBT have applied to the CFTC for an
+earlier precious metals opening to match the CME's starting
+time of 7:20 a.m. CDT. The exchanges said the earlier start
+allows for trading before many important government reports are
+released at 7:30 a.m. CDT.
+    CME marketing sources said arbitrage possibilities exist
+with side-by-side trading, noting local interests can be
+generated by traders dealing in foreign currency and short-term
+debt futures along with gold futures contracts to further hedge
+their financial risks.
+    "If the dollar rises, traders can sell currencies and buy
+gold," said David Johnson, CME's manager of currency products.
+    The Chicago Board of Trade sees an extra advantage to gold
+trading. "Given our night trading session, we could add either
+our pending 100-ounce gold or our existing 5,000-ounce silver
+contract to attract overseas business," a CBT official said.
+    Which market is identified as the precious metal capital
+does not appear to be a major issue among professionals.
+    "We've seen Chicago bring in a new constituency before, with
+perhaps different needs," Mocatta Metals Chairman Dr. Henry
+Jarecki said.
+    "Merchants will go to the CME or anywhere to trade a liquid
+contract. Our firm is no exception," Jarecki said.
+    "At worst, even if the CME gold futures fail, the Comex will
+be under pressure to improve the integrity of its clearing
+processes," a CME official added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21992" NEWID="18416">
+<DATE>15-JUN-1987 18:14:22.94</DATE>
+<TOPICS><D>lead</D><D>zinc</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f2743&#31;reute
+r f BC-COMINCO-&lt;CLT.TO>-TALK   06-15 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO STRIKE TALKS STILL STALLED</TITLE>
+<DATELINE>    TRAIL, British Columbia, June 15 - </DATELINE><BODY>Cominco Ltd has no
+contract negotiations scheduled this week with any of the five
+striking locals at the Trail smelter and Kimberley lead-zinc
+mine, union spokesmen said.
+    However, leaders of the negotiating teams are trying to set
+up an informal meeting to discuss the stalemate, John Owens,
+spokesman for United Steelworkers of America local 480 said.
+    Owens said Cominco has said the strike, which began May 9,
+is costing it five mln Canadian dlrs a day in debt service
+costs that are not covered by revenue. He said the company has
+not estimated total lost revenue.
+    Cominco spokesmen were not immediately available for
+comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21979" NEWID="18417">
+<DATE>15-JUN-1987 18:36:23.57</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2761&#31;reute
+u f BC-ASCS-TAKES-STEPS-TO-E   06-15 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASCS TAKES STEPS TO EASE SALES OF CCC SOYBEANS</TITLE>
+<DATELINE>    KANSAS CITY, JUNE 15 - </DATELINE><BODY>The Agricultural Stabilization and
+Conservation Service announced several temporary steps to
+enable it to respond more quickly to the high demand for
+Commodity Credit Corp.-owned soybeans.
+    The CCC has suspended its practice of contacting storing
+warehousemen before selling soybeans for cash to a third party,
+said Collyn Peterson, deputy director in the ASCS Kansas City
+office.
+    In addition, he said, minimum quantities for sales will be
+25,000 bushels, or all of a warehouse total inventory if less
+than that.
+     ASCS has added telephone lines to handle calls from those
+interested in buying soybeans, Peterson said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22097" NEWID="18418">
+<DATE>15-JUN-1987 18:38:03.01</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>kuwait</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y
+&#22;&#22;&#1;f2762&#31;reute
+r f AM-GULF-AMERICAN (SCHEDULED)  06-15 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SENDS KUWAITI PLAN TO CONGRESS</TITLE>
+<DATELINE>    WASHINGTON, June 15 - </DATELINE><BODY>President Reagan today sent a
+classified report to Congress on his plan to protect Kuwaiti
+oil tankers with U.S. military escorts.
+    Congressional officials said the report, received by House
+Speaker Jim Wright and Senate majority leader Robert Byrd, will
+not be made public.
+    Congress has demanded a detailed security plan on how U.S.
+warships and servicemen would be protected from possible attack
+in the Gulf region, scene of the prolonged war between Iran and
+Iraq.
+    White House spokesman Marlin Fitzwater said the
+Administration intended to push ahead with the plan despite
+strong opposition in Congress.
+    He said the report to Congress provided a comprehensive
+overview of Administration strategy in the Gulf, adding the
+military escort plan would begin "when the President was
+satisfied that all preparations had been completed
+satisfactorily".
+    Fitzwater did not say when this might be, but denied the
+protection plan was being held up.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22140" NEWID="18419">
+<DATE>15-JUN-1987 19:15:52.01</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f2798&#31;reute
+u f BC-ECUADOR-ACCEPTS-BIDS   06-15 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR ACCEPTS EXPLORATION BIDS</TITLE>
+<DATELINE>    QUITO, June 15 - </DATELINE><BODY>Ecuador is accepting bids from companies
+wishing to explore for crude oil in a 1.2-million-hectare area
+in the southeast of the country, a spokesman for the Ecuadorian
+State Oil Company (CEPE) said.
+    The spokesman said companies have until October 15 to
+present their bids and until the middle of next year to sign
+contracts.
+    Competitors may bid for six alternative 200,000-hectare
+areas, in the southeast forest bordering Peru and in the
+western coastal plain around the Pacific.
+     Petrocanada will start by drilling two exploratory wells
+in a 200,000 hectare area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22055" NEWID="18420">
+<DATE>15-JUN-1987 19:47:46.39</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G
+&#22;&#22;&#1;f2826&#31;reute
+u f PM-COMMUNITY-AGRICULTURE   06-15 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC CONSIDERS NEW PROPOSALS TO END FARM DEADLOCK</TITLE>
+<AUTHOR>    By Gerrard Raven, Reuters</AUTHOR>
+<DATELINE>    LUXEMBOURG, June 16 - </DATELINE><BODY>The European Community (EC) executive
+Commission will today urgently consider whether to take a new
+initiative to break the current deadlock over reform of the
+bloc's farm policy and to ease its budgetary crisis.
+    The Commission will meet in Strasbourg following what
+diplomats described as a largely fruitless special joint
+meeting of farm and finance ministers on the issue in
+Luxembourg Monday.
+    Commission officials said farm commissioner Frans
+Andriessen will ask the 17-man body for permission to present
+farm ministers with a compromise plan revising proposals for
+1987/88 farm prices which have divided them since they were
+first announced in March.
+    The most controversial aspects of these proposals are a
+plan to tax all vegetable and marine oils and fats to finance
+rapidly increasing production subsidies and technical measures
+which would change the way common EC farm prices are converted
+into member state currencies.
+    West German delegation sources, who have opposed both plans
+fiercely, said if the Commission dropped the oils and fats tax
+plan and modified the currency proposals, there would be a
+chance of agreement on other aspects of the package.
+      These include measures to cut the effective price paid to
+farmers for cereals and some other crops by over 10 pct.
+      But a Commission spokesman said any new proposals would
+include plans for revising the current oils and fats and
+currency regulations.
+     The Commission is anxious to avoid a complete deadlock in
+meetings of EC farm ministers here this week as it fears issues
+could then be referred to the EC heads of government summit at
+the end of the month.
+    Commission president Jacques Delors, who wants to ensure
+the summit has ample time to consider proposals for new means
+of financing the cash-strapped EC, said yesterday it would be
+"disastrous" if farm issues had to be discussed by government
+leaders.
+    However, with a five billion European Currency Unit (5.75
+billion dollar) EC budget deficit almost inevitable this year,
+the Commission will be wary of making major concessions to the
+traditionally free-spending farm ministers, diplomats said
+    Belgian finance minister Mark Eyskens, who chaired
+yesterday's joint meeting of ministers, said afterwards some
+aspects of the farm price package will almost certainly have to
+be referred to the summit.
+    Although Delors' aides described the joint meeting as
+useful in clarifying the issues, some diplomats said it seemed
+to have merely confirmed member states' long held positions.
+    Indeed, they said an extra state, Spain, seemed to have
+lined up with the four others already opposing the oils and
+fats tax, West Germany, Britain, Denmark and Portugal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22065" NEWID="18421">
+<DATE>15-JUN-1987 20:41:35.61</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f2871&#31;reute
+d f AM-JOBS   06-15 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STUDY SAYS U.S. EMPLOYMENT NOT JEOPARDIZED BY BORDER PLANTS</TITLE>
+<DATELINE>    MCALLEN, Texas, June 15 - </DATELINE><BODY>The growing shift of low-skilled
+manufacturing jobs from the United States to Mexican border
+cities is not a threat to American employment because it will
+help create new markets for products, according to a study
+released today.
+    Richard Bolin, director of the Flagstaff Institute of
+Arizona, which studies international trade issues, said the
+United States needs to encourage the expansion of manufacturing
+in developing countries so that those nations can become
+consumers of more U.S. goods.
+    His study was commissioned by the border city of McAllen,
+Texas, for presentation to the International Trade Commission
+which is gathering information for a report to Congress on what
+changes may be needed in the U.S. tariff codes to prevent the
+loss of jobs and industry.
+    McAllen and other Texas border cities have benefitted from
+a trend among U.S. companies to build twin plants that employ
+factory workers on both sides of the U.S.-Mexico border.
+    More than 700 manufacturers are taking advantage of lenient
+tax codes that allow U.S. companies to bring raw goods into
+Mexico for assembly by low-skilled workers into products that
+are completed by U.S. workers at a nearby sister plant.
+    Bolin said his research indicated that the shift in
+low-paying jobs across the border reflected changing
+demographics of the U.S. workforce.
+    "In the post-baby boom era, fewer workers will be available
+to fill these low-skill jobs -- and these workers will be
+better educated than prior generations," Bolin told reporters in
+McAllen.
+    "The jobs in low-tech industries that are being exported to
+other countries are, for the most part, jobs that we may not be
+able to fill in the future."
+    U.S. employment in less-skilled manufacturing jobs plunged
+by more than 900,000 between 1977 and 1982, largely due to the
+transfer of jobs outside U.S. borders, he said. American
+employment in high-tech industries increased by 634,000 during
+the same period, he said.
+    But high-tech industries, those in which engineers make up
+more than six percent of the workforce, pay higher wages and
+generate more U.S. exports than low-tech businesses, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22103" NEWID="18422">
+<DATE>15-JUN-1987 21:42:33.86</DATE>
+<TOPICS><D>dlr</D><D>money-fx</D><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2905&#31;reute
+u f BC-JAPAN-MINISTRY-SAYS-D   06-15 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MINISTRY SAYS DOLLAR SHOULD BE ABOVE 170 YEN</TITLE>
+<DATELINE>    TOKYO, June 16 - </DATELINE><BODY>The dollar should worth more than 170 yen
+based on purchasing power parity, the Ministry of International
+Trade and Industry (MITI) said in its annual white paper on
+international trade.
+    Using 1973 as a base year, the ministry said inflation
+differentials pointed to a yen/dollar rate of 172 in fourth
+quarter 1986. The dollar opened here today at 144.90 yen.
+    MITI also said the so-called "J-curve" and the drop in oil
+prices together accounted for 33.2 billion dlrs of the 36.6
+billion dlr rise in Japan's trade surplus last year.
+    On a customs cleared basis, the Japanese trade surplus rose
+to a record 82.66 billion dlrs last year.
+    The ministry said the fall in oil prices accounted for 16.5
+billion dlrs and the "J-curve" 17.2 billion dlrs of the rise in
+the 1986 surplus.
+    Analyzing the expansion in Japan's trade imbalance in
+recent years, MITI calculated that 37 pct of it could be
+accounted for by exchange rates, 24 pct by differences in
+economic growth rates between Japan and other countries, and 36
+pct by so-called price elasticities of imports and exports.
+    Analyzing the expansion in the U.S. Trade deficit from 1982
+to 1985, the ministry said 24 pct was accounted for by exchange
+rates, 34 pct by differences in the income elasticity of
+imports and exports and 39 pct by differences in economic
+growth rates. The figures do not tally to 100 pct because other
+minor factors have been left out.
+    "One index of trade structure, the income elasticity of
+exports and imports, shows that the U.S. Is more likely to
+experience increases in imports, while Japan is structurally
+predisposed to growth in exports," MITI said.
+    Structural adjustment is already underway in Japan, under
+the impact of the strong yen, MITI said. Japanese companies are
+stepping up their imports and expanding capacity overseas.
+    Japanese consumer attitudes are also changing. The ministry
+cited a survey showing that price was now the number one factor
+in the purchase of imports from the U.S. And Western Europe,
+replacing design and brand reputations.
+    "The smooth adjustment of the economic structure calls for
+measures to address the needs of affected firms," it said. "Whole
+industries have felt the pinch and employment is expected to
+suffer."
+    "Sustained economic growth, led by domestic demand, will
+also be an essential condition," the ministry said.
+    It said four structural factors have contributed to the
+growth of the U.S. Trade deficit in recent years -- a decline
+in U.S. Industrial competitiveness, insufficient productive
+capacity, an increase in foreign procurement by U.S. Companies
+and short-sighted U.S. Management attitudes.
+    "While (U.S.) exports have picked up somewhat with the
+dollar's fall in value, no marked improvements have appeared in
+the import picture," MITI said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22148" NEWID="18423">
+<DATE>15-JUN-1987 22:15:57.71</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2929&#31;reute
+u f BC-MIYAZAWA-SAYS-JAPANES   06-15 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS JAPANESE ECONOMY BOTTOMED OUT</TITLE>
+<DATELINE>    TOKYO, June 16 - </DATELINE><BODY>The Japanese economy has bottomed out
+after an extended period of stagnation, Finance Minister Kiichi
+Miyazawa told a press conference.
+    But he said he was not too optimistic about the state of
+the economy as the employment situation was still shaky in
+certain regions of the country.
+    Yesterday, the Finance Ministry said its quarterly
+corporate survey showed that the economy was showing increasing
+signs of recovery.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22074" NEWID="18424">
+<DATE>15-JUN-1987 22:18:43.14</DATE>
+<TOPICS><D>money-supply</D><D>reserves</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f2931&#31;reute
+u f BC-TAIWAN-ISSUES-MORE-CD   06-15 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN ISSUES MORE CDS TO CURB MONEY SUPPLY GROWTH</TITLE>
+<DATELINE>    TAIPEI, June 16 - </DATELINE><BODY>The Central Bank has issued 8.29 billion
+Taiwan dlrs worth of certificates of deposit (CDs), raising
+total CD issues so far this year to 228.27 billion, a bank
+official told Reuters.
+    The CDs, with maturities of six months, one and two years,
+bear interest rates ranging from 4.05 to 5.25 pct, she said.
+    The issues are intended to help curb the growth of the M-1b
+money supply which is expanding due to the rise in Taiwan's
+foreign exchange reserves, now at some 60 billion U.S. Dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22072" NEWID="18425">
+<DATE>15-JUN-1987 22:58:48.26</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>keating</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f2960&#31;reute
+u f BC-KEATING-REVISES-1986/   06-15 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEATING REVISES 1986/87 AUSTRALIA PAYMENTS DEFICIT</TITLE>
+<DATELINE>    CANBERRA, June 16 - </DATELINE><BODY>Treasurer Paul Keating said he now
+expected the Australian current account deficit for fiscal
+1986/87 ending June 30 to come in around 13.25 billion dlrs.
+    In a statement released after Statistics Bureau figures
+showed the May deficit was below forecasts at 866 mln dlrs,
+Keating said the cumulative deficit is now likely to be about
+1.5 billion dlrs below the Treasury forecast of 14.75 billion
+issued with the 1986/87 Budget papers last August.
+    However, the government had subsequently revised the
+forecast to around 13.75 billion dlrs after a series of current
+account figures indicated a declining trend.
+    Keating's revised 1986/87 current account deficit forecast
+compares with a record shortfall of 14.40 billion dlrs in
+1985/86, a level nearly double the 7.29 billion deficit
+recorded only two years earlier in 1983/84.
+    Keating said the main reason for his revision was a
+better-than-expected export performance. Recent quarterly
+figures showed export volumes rose 14.4 pct in the half-year to
+March 30 while import volumes rose only 0.9 pct, he said.
+    The Bureau data issued today showed the cumulative deficit
+for the first 11 months of 1986/87 narrowed to 12.32 billion
+dlrs from 13.21 billion a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22098" NEWID="18426">
+<DATE>15-JUN-1987 23:12:30.59</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>panama</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f2971&#31;reute
+u f BC-PANAMA-CANAL-UNAFFECT   06-15 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANAMA CANAL UNAFFECTED BY POLITICAL PROTEST</TITLE>
+<DATELINE>    PANAMA CITY, June 15 - </DATELINE><BODY>The Panama Canal, one of the world's
+key maritime crossroads, has not been affected by the recent
+anti-government protests here, a spokesman for the
+U.S.-government agency that operates the waterway said.
+    "Everything's normal here. It (the canal) is running
+efficiently and everything is going well," said Anel Beliz,
+spokesman for the Panama Canal Commission.
+    The commission was monitoring the situation and
+contingencies exist to ensure continued operation, he said.
+Unconfirmed reports said several shipping lines had ordered
+their vessels away from Panama until further notice.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21980" NEWID="18427">
+<DATE>15-JUN-1987 23:14:55.75</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>taiwan</D><D>uruguay</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f2973&#31;reute
+u f BC-TAIWAN,-URUGUAY-IN-PR   06-15 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN, URUGUAY IN PRICE DISPUTE OVER SOYBEANS</TITLE>
+<DATELINE>    TAIPEI, June 16 - </DATELINE><BODY>Uruguayan suppliers have agreed to supply
+Taiwan with only 25,000 tonnes of soybeans out of a total
+70,000 tonnes agreed in April, a spokesman for the joint
+committee of Taiwan's soybean importers told Reuters.
+    He said a rise in world prices had made the Uruguayans
+reluctant to ship any soybeans at the agreed price of 226.56
+U.S. Dlrs per tonne.
+    The Uruguayans agreed to supply part of the shipment after
+the Taiwan committee threatened last week to cancel the order,
+but they postponed delivery to July 1-20 from the original June
+5-25, the committee spokesman said.
+    Government sources in Montevideo confirmed that Uruguayan
+grain exporting firms would ask Taiwan to reconsider prices on
+the soybeans but said the government would not intervene in the
+dispute.
+    "The deal was agreed to between two private companies,
+without any participation whatsoever from the Uruguayan
+government," Uruguyan Agriculture Ministry spokesman Andres
+Bonino said.
+    He added, "Uruguay is not going to export 70,000 tonnes of
+soybeans, since total production this year has been lower than
+that figure."
+    The contract called for the Uruguayans to deliver the
+70,000 tonnes in two shipments between June 5 and August 10.
+    Taiwan's ambassador in Montevideo, Henry Wang, told
+reporters, "Both countries are finishing details to arrive at a
+satisfactory price."
+    He said the price would be "very advantageous (for Uruguay)
+because it will be above the international price."
+    Taiwan bought some 36,000 tonnes of soybean last year,
+making it Uruguay's biggest customer for the oilseed.
+    Taiwan's joint committee holds a tender today for two
+shipments of U.S. Soybeans totalling 87,000 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22023" NEWID="18428">
+<DATE>16-JUN-1987 00:38:08.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0033&#31;reute
+u f BC-SUMMIT-DEEPENS-IMF-CO   06-16 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMMIT DEEPENS IMF COORDINATION ROLE,OFFICIAL SAYS</TITLE>
+<AUTHOR>    By Alver Carlson, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, June 15 - </DATELINE><BODY>The Venice summit accord gives the
+International Monetary Fund (IMF) increased responsibility in
+smoothing vital economic cooperation between industrial
+countries, a senior IMF official said.
+    The official, who met reporters but asked not to be
+identified, made clear that the use of a series of economic
+measurements to monitor the seven leading industrial
+democracies would be difficult but was a major step in
+cooperation.
+    The United States, Japan, West Germany, France, Britain,
+Italy and Canada agreed at the summit to use a series of
+economic indicators to forecast economic behaviour in an
+attempt to increase cooperation on economic policy.
+    The setting of a formal process of review, while seen as a
+step forward in the cooperative effort, was also criticised
+because it lacked teeth to force a country to change economic
+behaviour that hurt other countries.
+    But the official said influences and peer pressure could
+have a major impact in reforming an erring country.
+    Economists generally believe a cooperative economic
+approach by the largest countries will have a salutory impact
+on the global economy, including helping the poorest debtor
+countries.
+    The official said the IMF function would be to warn
+countries when their economic behaviour was straying badly and
+try to persuade them to modify it. "I hope it will be a yellow
+light, not a red flag," he said.
+    He also said he hoped negotiations would begin in the next
+few weeks to increase the IMF's structural adjustment facility,
+which helps 62 of the world's poorest countries.
+    The facility, approved about 15 months ago, is currently
+financed at about 3.8 billion dlrs, but this would be tripled
+under the plan.
+    He said reaching an accord on the agreement would be very
+difficult, with countries pressing each other to do more and
+finding reasons to reduce their own exposure. "They will be
+tremendously difficult negotiations," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22013" NEWID="18429">
+<DATE>16-JUN-1987 01:01:57.52</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0054&#31;reute
+u f BC-TAIWAN-RAISES-SUGAR-O   06-16 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN RAISES SUGAR OUTPUT TARGET FOR 1987/88</TITLE>
+<DATELINE>    TAIPEI, June 16 - </DATELINE><BODY>Taiwan's target for sugar production in
+the 1987/88 season (November/May) has been set at 600,000
+tonnes, up from the 479,200 tonnes harvested in 1986/87, a
+spokesman for the state-owned Taiwan Sugar Corp told Reuters.
+    He said the increase was to meet rising local consumption,
+estimated at about 500,000 tonnes in calendar 1988 against
+470,000 tonnes in 1987. Taiwan would have a surplus for export
+of about 100,000 tonnes in 1988, he said.
+    In 1987 Taiwan would have no exportable sugar for the first
+time in 40 years because of typhoon damage to more than 6,000
+hectares of canefield in 1986, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21984" NEWID="18430">
+<DATE>16-JUN-1987 01:34:28.89</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C
+&#22;&#22;&#1;f0075&#31;reute
+u f BC-MIM-RAISES-COPPER-PRI   06-16 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIM RAISES COPPER PRICES BY 20 DOLLARS</TITLE>
+<DATELINE>    BRISBANE, June 16 - </DATELINE><BODY>Mount Isa Mines Ltd &lt;MIMA.S> said it
+raised its copper prices by 20 dlrs to 2,220 dlrs per tonne for
+cathodes and to 2,387.50 dlrs per tonne for standard rods,
+effective June 17.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21999" NEWID="18431">
+<DATE>16-JUN-1987 02:12:37.00</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0098&#31;reute
+u f BC-JAPAN-BUYS-50,000-TON   06-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS 50,000 TONNES OF CANADIAN RAPESEED</TITLE>
+<DATELINE>    TOKYO, June 16 - </DATELINE><BODY>Japanese crushers have so far bought
+50,000 tonnes of Canadian rapeseed for shipment in late
+July/August and total purchases for the period are likely to be
+around 130,000 tonnes, trade sources said.
+    Crushers reduced their Canadian purchases for late June and
+July to 111,000 from 120,000 tonnes due to seasonal maintenance
+work at oil mills.
+    But estimated crushers' buying for July/August was slightly
+above monthly average and is likely to keep to this level for a
+while due to a better crushing margin compared with that of
+soybeans, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22141" NEWID="18432">
+<DATE>16-JUN-1987 02:25:25.63</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y
+&#22;&#22;&#1;f0106&#31;reute
+u f BC-SOUTH-KOREAN-1986-ENE   06-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREAN 1986 ENERGY USE RISES NINE PCT</TITLE>
+<DATELINE>    SEOUL, June 16 - </DATELINE><BODY>South Korea's energy consumption rose nine
+pct to 61.07 mln tonnes of oil equivalent (toe) in 1986 from
+56.0 mln in 1985, energy ministry officials told Reuters.
+    They said oil accounted for 46.7 pct of energy consumption
+in 1986 against 48.5 pct in 1985. Anthracite accounted for 21.0
+pct against 21.5 pct, bituminous coal 16.5 pct against 17.3 pct
+and nuclear power 11.6 pct against 7.5 pct.
+    The amount spent on energy imports in 1986 was 4.53 billion
+dlrs against 6.54 billion dlrs in 1985, they said, with much of
+the difference between the two years due to changes in the
+price of oil.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22149" NEWID="18433">
+<DATE>16-JUN-1987 03:59:45.40</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0213&#31;reute
+b f BC-JAPAN-GNP-RISES-1.2-P   06-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN GNP RISES 1.2 PCT IN JANUARY/MARCH</TITLE>
+<DATELINE>    TOKYO, June 16 - </DATELINE><BODY>Japan's gross national product (gnp) rose
+a real 1.2 pct in the January/March quarter after a downwardly
+revised 0.7 pct increase in the previous three months, the
+Economic Planning Agency said.
+    The October/December rise was originally put at 0.8 pct.
+    For the fiscal year ended last March 31, gnp rose 2.6 pct,
+after a 4.3 pct increase in 1985/86. Last year's performance
+was the worst since 1974/75, when gnp contracted by 0.4 pct,
+and was below the government's revised three pct forecast.
+    Economists said the strong yen was largely to blame for the
+slowdown in economic growth in 1986/87.
+    Domestic demand increased 0.7 pct in the January/March
+quarter and 4.3 pct in the fiscal year, compared with growth of
+0.6 pct in October/December and 3.7 pct in 1985/86.
+    The annualized growth rate in the January/March quarter
+accelerated to 4.9 pct, from 2.9 pct in October/December.
+    In nominal terms, gnp rose 0.7 pct in January/March, after
+a 0.5 pct October/December rise, reflecting lower prices.
+    Domestic demand contributed 0.7 percentage point to real
+gnp growth in January/March, while foreign trade added 0.5
+point. In October/December domestic demand contributed 0.6
+point, while foreign trade added 0.2 point.
+    Of the 0.5 point contribution of foreign trade to gnp last
+quarter, rising exports accounted for 0.3 point and falling
+imports contributed 0.2.
+    Total export volume rose 2.0 pct quarter-on-quarter in
+January/March, while imports fell 1.2 pct.
+    Of the 0.7 point contribution of domestic demand to
+January/March gnp growth, the private sector accounted for 1.1
+point while the public sector knocked off 0.4.
+    The private sector contribution included 0.4 point for
+corporate capital outlays and 1.0 for consumer spending, while
+destocking subtracted 0.3 point.
+    In 1986/87, domestic demand contributed 4.1 percentage
+points to growth while foreign trade knocked off 1.5 points.
+    In 1985/86, the domestic demand contribution was 3.6 points
+and foreign trade 0.7 point.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22150" NEWID="18434">
+<DATE>16-JUN-1987 04:08:44.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0225&#31;reute
+b f BC-CREDIT-INDUSTRIEL-LAU   06-16 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CREDIT INDUSTRIEL LAUNCHES MARK FLOATING RATE NOTE</TITLE>
+<DATELINE>    FRANKFURT, June 16 - </DATELINE><BODY>Compagnie Financiere de Credit
+Industriel et Commercial is raising 255 mln marks through a
+six-year floating rate note (FRN) carrying a coupon of 1/8
+point over six-month London Interbank Offered Rate (LIBOR) and
+priced at 100.05, lead manager Morgan Stanley GmbH said.
+    The bullet bond will be sold in denominations 10,000 and
+250,000 marks and listed in Frankfurt. It matures on March 20,
+1993. Payment date will be July 20, 1987.
+    Fees total 15 basis points with five for selling and 10 for
+management and underwriting combined. The bond is the first
+lead-managed by Morgan Stanley in the mark sector.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22151" NEWID="18435">
+<DATE>16-JUN-1987 04:09:31.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0227&#31;reute
+u f BC-DOWTY-TO-BUY-BOEING-U   06-16 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOWTY TO BUY BOEING UNIT FOR 42.5 MLN DLRS</TITLE>
+<DATELINE>    LONDON, June 16 - </DATELINE><BODY>Dowty Group Plc &lt;DWTY.L> said it agreed
+to buy &lt;Hydraulic Units Inc> from Boeing Co &lt;BA.N> for around
+42.5 mln dlrs cash.
+    The final sum payable would be adjusted according to
+changes in net tangible assets between March 29 and completion,
+due on July 1. Payment would be financed through medium-term
+borrowings.
+    Hydraulic reported 4.3 mln dlrs pretax profit in the year
+to end-December 1986 on sales of 53.2 mln. It designs,
+manufactures and sells hydraulic and mechanical systems to
+airframe manufacturers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22017" NEWID="18436">
+<DATE>16-JUN-1987 04:11:07.38</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G
+&#22;&#22;&#1;f0230&#31;reute
+u f BC-TAIWAN-MISSION-TO-BUY   06-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN MISSION TO BUY 410,000 BALES U.S. COTTON</TITLE>
+<DATELINE>   TAIPEI, June 16 - </DATELINE><BODY>A Taiwan mission plans to buy 410,000
+bales (500 lbs/bale) of U.S. Cotton worth about 110 mln U.S.
+Dlrs when it visits several U.S. States early next month, a
+spokesman for the Taiwan Spinners Association told Reuters.
+    He said a similar mission last year bought 700,000 bales
+worth 77 mln dlrs.
+    He said the mission was buying less U.S. Cotton because the
+price is some 15 pct higher than that of cotton from Pakistan
+and India. The current average price of U.S. Cotton is 75
+cents/lb, but the spokesman estimated the average price will be
+53 cents when the shipments are made next year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22152" NEWID="18437">
+<DATE>16-JUN-1987 04:20:57.47</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0244&#31;reute
+b f BC-JAPAN-MAY-MONEY-SUPPL   06-16 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MAY MONEY SUPPLY UP 10.2 PCT</TITLE>
+<DATELINE>    TOKYO, June 16 - </DATELINE><BODY>Japan's broadly defined money supply
+average of M-2 plus certificates of deposit (CD) jumped a
+preliminary 10.2 pct in May from a year earlier, the Bank of
+Japan said.
+    The increase is the largest year-on-year rise since March
+1982 when the money supply gained 10.5 pct.
+    The money supply had increased 9.8 pct in April.
+    The seasonally adjusted average in May rose 1.0 pct from
+the previous month.
+    Unadjusted M-2 plus CDs were an average 347,200 billion yen
+in May against 345,500 billion in April.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22153" NEWID="18438">
+<DATE>16-JUN-1987 04:25:25.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0249&#31;reute
+u f BC-VALIN-POLLIN-BUYS-U.S   06-16 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALIN POLLIN BUYS U.S. CARTER ORGANISATION</TITLE>
+<DATELINE>    LONDON, June 16 - </DATELINE><BODY>U.K. Public relations group Valin Pollin
+International Plc said it had conditionally agreed to buy the
+New York-based Carter Organisation Inc for up to 114.6 mln
+dlrs.
+    Initial payment will be 51.0 mln dlrs with further payments
+based on pretax profits over the three years to end-September
+1990.
+    Carter is an investor relations, consultancy and proxy
+solicitation firm.
+    The first payment would be through the issue to the vendor,
+Chairman Donald Carter, of new Valin Pollin ordinary shares.
+    A total of 50 mln dlrs of these have been underwritten and
+the remainder will be retained by Carter.
+    In the year to end-1986 Carter made 16.0 mln dlrs on
+turnover of 35.41 mln on a pro forma basis after deducting the
+Chairman's salary at the rate agreed for after the group is
+acquired.
+    Carter has more than 300 clients, with the largest 20
+acocunting for about 45 pct of total turnover.
+     Valin Pollin said it also proposed to issue new ordinary
+shares, some of which will be issued for cash, to finance
+certain expenses of the deal as well as the final payment of
+3.13 mln guilders for its Dutch unit, Valin Pollin Thomas and
+Kleyn BV.
+    Dealings in the company's shares were suspended ahead of
+the announcement at 290p, and it said it expected trading to
+restart around the end of July.
+ REUTER
+
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22154" NEWID="18439">
+<DATE> 16-JUN-1987 04:42:20.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0274&#31;reute
+u f BC-CHINA-GIVES-FINAL-198   06-16 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA GIVES FINAL 1986 BUDGET DEFICIT</TITLE>
+<DATELINE>    PEKING, June 16 - </DATELINE><BODY>China's final 1986 budget deficit was
+7.05 billion yuan, down from 7.05 billion given in the March
+budget speech and against a surplus of 2.1 billion in 1985,
+Tian Yinong, Vice Minister of Finance, said.
+    The New China News Agency quoted Tian as putting total 1986
+state income at 226.03 billion yuan, up from 186.6 billion in
+1985, and 1986 spending at 233.08 billion, up from 184.5
+billion.
+    He blamed the 1986 deficit on excess demand, a rapid
+increase in consumption funds and capital investment and losses
+by state firms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22155" NEWID="18440">
+<DATE>16-JUN-1987 04:48:02.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>north-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0281&#31;reute
+u f BC-JAPAN-TRUCK-MAKERS-TO   06-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TRUCK MAKERS TO CURB EXPORTS TO NORTH KOREA</TITLE>
+<DATELINE>    TOKYO, June 16 - </DATELINE><BODY>All four Japanese makers of large trucks
+will stop exports to North Korea following the issue of
+Japanese government guidance, company spokesmen told Reuters.
+    The move responds to the U.S. Government's expression of
+concern that North Korea was using Japanese-made trucks as
+missile launching pads, they said.
+    &lt;Nissan Diesel Motor Co Ltd> shipped 156 vehicles including
+large and mid-sized trucks and buses to North Korea in 1986
+while Isuzu Motors Ltd &lt;ISUM.T> exported more than 100 six to
+eight-tonne trucks in 1986, company spokesmen said.
+    A spokesman for Mitsubishi Motors Corp &lt;MIMT.T> said it had
+almost no trade with North Korea last year.
+    &lt;Hino Motors Ltd> shipped 28 five-tonne trucks in 1986, a
+company spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22156" NEWID="18441">
+<DATE>16-JUN-1987 05:14:11.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0316&#31;reute
+u f BC-DUTCH-RETAILER-VENDEX   06-16 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH RETAILER VENDEX DELAYS FLOTATION UNTIL 1990</TITLE>
+<DATELINE>    AMSTERDAM, June 16 - </DATELINE><BODY>Dutch retail and services group Vendex
+International &lt;VENN.AS> has delayed its flotation from 1988 to
+1990, chairman and major shareholder Anton Dreesmann said in an
+interview with a Dutch financial daily.
+    "We don't need a flotation yet," he told the Financieele
+Dagblad, noting he wanted net profit to rise to 400 mln
+guilders from last year's 302 mln before moving to the bourse.
+    Dreesmann added the flotation might be speeded up if the
+company should need a substantial amount of capital for an
+attractive major takeover, but he had no prospects yet. Vendex
+plans to pay at least 30 pct of profits in dividends.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22157" NEWID="18442">
+<DATE>16-JUN-1987 05:17:24.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0322&#31;reute
+u f BC-SHULTZ-SEES-GOLDEN-FU   06-16 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ SEES GOLDEN FUTURE FOR PHILIPPINES</TITLE>
+<DATELINE>    MANILA, June 16 - </DATELINE><BODY>U.S. Secretary of State George Shultz
+forecast a golden future for the Philippines after talks on its
+struggle for economic recovery and its fight against communist
+insurgents.
+    Speaking at a luncheon after an hour-long meeting with
+President Corazon Aquino, Shultz delivered a powerful and
+uncompromising endorsement of the Manila government.
+    "There is a golden future out there for the Filipino people
+to gain," he said. But he tempered his praise with a veiled hint
+Washington's attitude might change if what it called the
+current realism was seen to be diluted.
+    "The political dreams of only 18 months ago are becoming the
+democratic institutions of today," Shultz said. "Your economy is
+developing an impressive head of steam, the insurgents are
+learning that threats and intimidation will not stop the
+Filipino people from voting for democracry."
+    He said he had been struck by the widespread awareness of
+the problems facing the Philippines.
+    "No one I have met under-estimates the tasks which lie ahead
+or the need to act upon them. That Filipino realism is an
+essential element of American confidence in the Philippines," he
+said.
+    Shultz said the revolution which brought Aquino to power 18
+months ago was still under way.
+    He praised the efforts made by the armed forces in
+combatting the communist insurgency, now in its 18th year,
+adding that Aquino was also addressing the social and economic
+problems fuelling the rebellion.
+    Defence Minister Rafael Ileto, briefing reporters after a
+separate meeting with Shultz, said the U.S. Was just as
+confident as he was that the communists would be beaten.
+    U.S. Officials made it clear before the start of today's
+talks that they expected no dramatic developments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21975" NEWID="18443">
+<DATE>16-JUN-1987 05:37:38.66</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>singapore</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>asean</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0363&#31;reute
+u f BC-ASEAN-SEES-CLOSER-ECO   06-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASEAN SEES CLOSER ECONOMIC TIES WITH JAPAN</TITLE>
+<DATELINE>    SINGAPORE, June 16 - </DATELINE><BODY>Foreign Ministers of the Association
+of South-east Asian Nations (ASEAN) said they expect closer
+economic ties with Japan.
+    A communique issued at the end of a two-day ministerial
+meeting said Asean hoped for greater Japanese investment in the
+region, better access for Asean products in the Japanese market
+and larger numbers of visiting Japanese tourists.
+    The ministers are due to start four days of talks tomorrow
+with officials of the U.S., Japan, the European Community, New
+Zealand, Australia and Canada, including Secretary of State
+George Shultz and Japan's Foreign Minister Tadashi Kuranari.
+    The Asean communique noted Japan's large trade surplus,
+which it said would enable Tokyo to play a greater role in the
+economic development of ASEAN and in facilitating closer ASEAN
+economic cooperation.
+    "Japan could also help to facilitate the flow of Japanese
+investments to ASEAN through the provision of attractive
+financial assistance and incentives for its private sector," it
+said.
+    The communique also welcomed President Reagan's firm action
+in vetoing trade protectionist measures in the Congress.
+     The communique said the ASEAN ministers were concerned
+over the proliferation of protectionist policies, pressures and
+measures in developed countries, the continued depressed level
+of commodity prices, the instability of exchange rates and the
+lack of a comprehensive solution to the world debt situation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22029" NEWID="18444">
+<DATE>16-JUN-1987 05:57:04.96</DATE>
+<TOPICS><D>fuel</D><D>ship</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0398&#31;reute
+u f BC-MITSUBISHI-HEAVY-BUIL   06-16 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI HEAVY BUILDS ENERGY-SAVING TANKER</TITLE>
+<DATELINE>    TOKYO, June 16 - </DATELINE><BODY>Mitsubishi Heavy Industries Ltd &lt;MITH.T>
+said it began building the world's most advanced energy-saving
+tanker, which consumes only 48 tonnes of fuel oil a day.
+    Construction of the 258,000 dwt VLCC (very large crude
+carrier) Nisseki Maru for &lt;Tokyo Tanker Co Ltd>, a shipping arm
+of Nippon Oil Co Ltd &lt;NPOL.T>, is expected to be completed in
+April 1988. It would run on the Japan/Gulf route, a company
+statement said.
+    The statement gave no other details.
+    Mitsubishi Heavy last year finished building a vlcc of
+similar size, but which consumed 57 tonnes of fuel a day.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22158" NEWID="18445">
+<DATE>16-JUN-1987 05:59:55.47</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0404&#31;reute
+u f BC-BANK-OF-JAPAN-MAY-EXP   06-16 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN MAY EXPAND BROKER CALL MARKET</TITLE>
+<DATELINE>    TOKYO, June 16 - </DATELINE><BODY>The Bank of Japan is considering expanding
+the 60 billion yen daily limit on each securities firm's
+outstanding transactions in the yen call market at the request
+of the securities industry, Bank of Japan sources said.
+    But before doing this, the Bank is waiting to see the
+effect on brokers' fund raising of the change, effective in
+August, to a shorter settlement period for cash bond
+transactions, the sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22159" NEWID="18446">
+<DATE>16-JUN-1987 06:00:48.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0405&#31;reute
+b f BC-PASCO-CORP-ISSUES-85   06-16 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PASCO CORP ISSUES 85 MLN DLR EQUITY WARRANT BOND</TITLE>
+<DATELINE>    LONDON, June 16 - </DATELINE><BODY>Pasco Corp is issuing an 85 mln dlr
+equity warrant eurobond due July 9, 1992 with an indicated
+coupon of 1-5/8 pct and par pricing, lead manager Nomura
+International Ltd said.
+    The issue is guaranteed by Mitsubishi Bank Ltd and final
+terms will be set on June 23. The selling concession is 1-1/2
+pct while management and underwriting combined pay 3/4 pct.
+    The issue is available in denominations of 5,000 dlrs and
+will be listed in Luxembourg.
+    Payment date is July 9 and the warrants are exercisable
+from July 20, 1987 until June 16, 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22160" NEWID="18447">
+<DATE>16-JUN-1987 06:03:08.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0411&#31;reute
+u f BC-AFRICA-UNABLE-TO-PAY   06-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFRICA UNABLE TO PAY ITS DEBTS, OAU CHIEF SAYS</TITLE>
+<DATELINE>    ABUJA, Nigeria, June 16 - </DATELINE><BODY>Organisation of African Unity
+Chairman Denis Sassou-Nguesso said Africa was unable to pay its
+debts due to falling export prices.
+    "Even if African countries want to pay their debts they will
+not be able to," Congolese president Sassou-Nguesso told a news
+conference at a meeting between foreign and African experts on
+the continent's economic prospects.
+    "You cannot be expected to do the impossible. All our
+commodity exports, without exception and even oil, have fallen
+in value on international markets," he added.
+    "In these conditions can African countries continue to
+respect their debt servicing?" Sassou-Nguesso asked.
+    He said the debt issue would be the main subject at next
+month's OAU summit in Addis Ababa and would not rule out the
+possibility of a joint "debtors' revolt" there.
+    "Let us wait and see," he replied when asked about the
+possibility.
+    Debts of sub-Saharan African countries total less than 100
+billion dlrs, according to the Economic Commission for Africa
+which is organising the current meeting in Nigeria's future
+capital.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22115" NEWID="18448">
+<DATE>16-JUN-1987 06:04:20.07</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI
+&#22;&#22;&#1;f0417&#31;reute
+u f BC-OPEC-OFFICIAL-SAYS-CA   06-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC OFFICIAL SAYS CARTEL HAS REGAINED LEADERSHIP</TITLE>
+<DATELINE>    CARACAS, June 16 - </DATELINE><BODY>OPEC has regained its former role as
+price-setter in the oil market following last year's price war,
+acting OPEC Secretary General Fadhil al-Chalabi said.
+    But he said he expects no short-term rise in demand for
+OPEC oil, adding that market stability will mean a continued
+sacrifice for the 13 OPEC member countries.
+    Al-Chalabi, speaking at a university here yesterday, said
+the December 1986 conference at which OPEC set an 18 dlr per
+barrel reference price gave the market a signal that the
+producers' group was serious.
+    "It (OPEC) has no choice but to defend the price and this
+has restored its credibility," said al-Chalabi, who is in
+Caracas for a meeting of the OPEC Fund Board of Governors.
+    Al-Chalabi said OPEC members have not exceeded the
+production quotas which took effect on February 1 and spot
+market prices are now near or above official OPEC prices.
+    Before the December conference OPEC faced a major and basic
+dilemma which led to the loss of its leadership role, he said.
+"The question was, what should OPEC do? Defend the price and
+risk losing its market share? Or defend its market share and
+let the price drop?" he asked.
+    "OPEC has chosen to stabilise the price. But the question is
+how long will it be willing to keep up this painful exercise?" 
+he said.
+    Al-Chalabi said that despite OPEC's success in shoring up
+prices and achieving discipline regarding quotas, he saw no
+quick end to restraint in production.
+    He also said he foresaw no increase in demand for OPEC oil
+because increased non-OPEC production, combined with
+conservation and the use of alternative energy sources, has
+caused changes in the market which will not easily be reversed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21974" NEWID="18449">
+<DATE>16-JUN-1987 06:05:28.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>mise</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0419&#31;reute
+u f BC-ITALIAN-ELECTION-RESU   06-16 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN ELECTION RESULTS BOOST SHARE PRICES</TITLE>
+<AUTHOR>    By Daniel Liefgreen, Reuter</AUTHOR>
+<DATELINE>    Milan, June 16 - </DATELINE><BODY>Share prices opened sharply higher,
+boosted by Italian general election results which dealt a big
+blow to the Communist party and bolstered the Christian
+Democrats and Socialists.
+    The Milan Stock Index was indicated 2.90 pct higher at 0930
+GMT as all sectors were stronger. Among stocks posting early
+gains at mid morning was Fiat ordinary, which was indicated
+13,090 lire against yesterday's closing of 12,705. These are
+provisional, not closing prices.
+    Analysts said the results from Sunday's and Monday's voting
+should boost the bourse in the short-term, but the market's
+medium-term prospects remain clouded because of doubt over how
+long it will take to form a new government.
+    "The result is positive in the sense that the Communists
+suffered a defeat and Italians voted for stability," director
+Paolo Azzoni at Milan investment bank &lt;ABK Spa>, told Reuters.
+    Uncertainty about the election outcome and the possibility
+of large Communist gains has been weighing on the bourse in the
+last two weeks, brokers said.
+    Final returns show the Socialists, led by former Prime
+Minister Bettino Craxi, increasing their vote to 14.3 pct from
+11.4 in 1983, while the Communists dropped more than three
+points to 26.6 pct.
+    Support for the Christian Democrats rose to 34.3 pct from
+an all-time low of 32.9 in 1983.
+    Carlo De Benedetti, chairman of Ing C. Olivetti EC Spa
+&lt;OLIV.MI>, commenting on the results last night on Italian
+television, said "I am sure the reaction of international
+markets will be extremely favourable to the electoral verdict."
+    Broker Francesco Dinepi at Milan investment firm &lt;Sige
+Spa>, said some U.K. Institutional investors had placed buy
+orders in Milan this morning.
+    "In the medium-term, the direction of the market depends on
+the Christian Democrats and Socialists resolving their
+differences," said Dinepi.
+     "What Italy wants is another government and quickly," added
+Azzoni.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22161" NEWID="18450">
+<DATE>16-JUN-1987 06:10:47.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0425&#31;reute
+b f BC-TOYOTA-LIKELY-TO-ISSU   06-16 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA LIKELY TO ISSUE 800 MLN DLR WARRANT BOND</TITLE>
+<DATELINE>    TOKYO, June 16 - </DATELINE><BODY>Toyota Motor Corp &lt;TOYO.T> is likely to
+raise 800 mln dlrs through a Eurodollar bond with warrants in
+mid-July, underwriting sources said.
+    A final official decision on the issue has yet to be made
+and detailed terms will be announced later, they added.
+    The funds are likely to be used for investments to increase
+productivity both domestically and abroad, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22162" NEWID="18451">
+<DATE>16-JUN-1987 06:13:18.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0428&#31;reute
+b f BC-OLYMPIC-CO-ISSUES-50   06-16 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLYMPIC CO ISSUES 50 MLN SWISS FRANC WARRANT NOTES</TITLE>
+<DATELINE>    ZURICH, June 16 - </DATELINE><BODY>Olympic Co Ltd of Tokyo is issuing 50 mln
+Swiss francs of five year notes with an indicated one pct
+coupon, lead manager Morgan Stanley said.
+    The issue is guaranteed by Mitsubishi Trust and Banking
+Corp.
+    Terms will be fixed on June 22 with payment due July 9. The
+warrant exercise period is from August 3, 1987 until June 30,
+1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22163" NEWID="18452">
+<DATE>16-JUN-1987 06:14:28.36</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0431&#31;reute
+b f BC-BUNDESBANK-MAY-LIFT-V   06-16 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK MAY LIFT VETO ON ECU USE - SOURCES</TITLE>
+<DATELINE>    FRANKFURT, June 16 - </DATELINE><BODY>The Bundesbank could announce today
+that it will lift its veto on the private holding of European
+Currency Unit (ECU) liabilities, banking sources said.
+    But this would probably be the only significant news from
+today's council session, brought forward from its usual
+Thursday date because of the Corpus Christi holiday here. The
+Bundesbank is not expected to change credit policy.
+    The sources said Bundesbank officials had been working out
+technical and legal problems with the ECU since the subject was
+discussed in the presence of federal finance minister Gerhard
+Stoltenberg on May 7.
+    With the primary internal work on the ECU completed,
+approval from the 18-member central bank council was now
+virtually a mere formality, the sources said.
+    Bundesbank president Karl Otto Poehl, chairing today's
+meeting, said in mid-May the remaining ECU restrictions were
+likely to be lifted, allowing individuals to open ECU accounts
+and incur liabilities previously mainly executed through the
+Luxembourg subsidiaries of the major German banks.
+    The sources said the ECU liberalisation was mainly designed
+to show that West Germany was prepared to play its part in the
+effort to attain European Community monetary unity by 1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22164" NEWID="18453">
+<DATE>16-JUN-1987 06:31:50.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0458&#31;reute
+b f BC-EC-ISSUES-500-MLN-FRE   06-16 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC ISSUES 500 MLN FRENCH FRANC 10 YEAR BOND</TITLE>
+<DATELINE>    PARIS, June 16 - </DATELINE><BODY>The European Community is launching a 500
+mln franc, 10-year bond fungible with its 600 mln franc 8-3/4
+pct, April 7, 1997 issue, lead manager Banque Indosuez said.
+Co-lead manager is Bank of Tokyo International.
+    The issue price of the new tranche is 96-5/8 pct. Fees are
+two pct, with 1-3/8 pct for selling and 5/8 pct for management
+and underwriting combined including a 1/8 pct praecipuum.
+    Payment date of the non-callable issue is July 7, plus
+accrued interest.
+    Denominations are 10,000 and 50,000 francs and listing is
+in Luxembourg and Paris.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22068" NEWID="18454">
+<DATE>16-JUN-1987 06:32:48.72</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0460&#31;reute
+u f BC-SWEDISH-INDUSTRIAL-PR   06-16 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH INDUSTRIAL PRODUCTION RISES IN APRIL</TITLE>
+<DATELINE>    STOCKHOLM, June 16 - </DATELINE><BODY>Swedish industrial production rose 1.5
+pct in April after a 2.2 pct fall in March and a rise of 3.8
+pct in April 1986, according to preliminary figures from the
+Central Bureau of Statistics.
+    The bureau said the April rise occurred in most of the
+sector, with the greatest advances in the paper products and
+chemicals industries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22165" NEWID="18455">
+<DATE>16-JUN-1987 06:36:51.01</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V
+&#22;&#22;&#1;f0465&#31;reute
+u f BC-JAPAN-OFFICIALS-SAY-W   06-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN OFFICIALS SAY WORST MAY BE OVER FOR ECONOMY</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, June 16 - </DATELINE><BODY>Government officials said the worst may be
+over for the Japanese economy, after today's news of stronger
+than expected growth in the January/March period.
+    But private economists were not so sure and said the
+economy was unlikely to achieve the government's 3.5 pct growth
+forecast in the current fiscal year ending next March.
+    As already reported, GNP rose 1.2 pct in the January/March
+quarter, after a revised 0.7 pct increase in the previous three
+months. For the fiscal year that ended last March 31, GNP
+growth slowed to 2.6 pct from 4.3 pct in 1985/86.
+    The government economists acknowledged that the improved
+export performance in the January/March quarter was unlikely to
+be repeated. The volume of exports during the period was up two
+pct from the previous three months.
+    The yen's rise in April to about 140 to the dollar from 150
+probably resulted in a fall in exports in the April/June
+quarter, they said.
+    However, given the yen's recent stability, stepped-up
+domestic demand should work as a driving force to push the
+economy onto a path of sustainable growth, they said.
+    Many private economists, though, doubt that the economy
+will achieve the government's 3.5 pct growth forecast for the
+1987/88 year.
+    Growth in 1986/87 also fell short of the government's
+forecast, which was revised downwards to three pct last
+December from an original four pct.
+    Domestic demand as a whole is not strong enough, except for
+housing, said Johsen Takahashi, chief economist at Mitsubishi
+Research Institute.
+    Consumer spending is likely to remain weak as the growth in
+nominal income stays low, he added.
+     The rise in consumer spending in the January-March quarter
+was simply a reflection of the contraction that occurred in the
+preceding three months, Takahashi said.
+    Private capital spending in the quarter looked strong but
+this was primarily because utility companies brought forward
+their 1987/88 capital investment plans into the final quarter
+of 1986/87 in line with the government's economic stimulation
+package announced last fall, he said.
+    Dai-Ichi Kangyo Bank chief economist Kosaku Furuta said he
+was unable to say the economy has bottomed out, but added he
+expects increasing signs of recovery in the coming months.
+    Destocking is coming to an end and companies are starting
+to rebuild inventories, Furuta said.
+    Housing is expected to remain buoyant, backed up by lower
+interest rates as well as government policies to stimulate the
+sector, he said. The government's recently unveiled 6,000
+billion yen economic package will also help the economy.
+    But he said that the economy was unlikely to achieve the
+government's 3.5 pct forecast for 1987/88, although growth
+might come close to three pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22049" NEWID="18456">
+<DATE>16-JUN-1987 06:41:16.49</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F
+&#22;&#22;&#1;f0478&#31;reute
+u f BC-GERMAN-STEEL-INDUSTRY   06-16 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN STEEL INDUSTRY SEEKS LAY-OFF FUNDS</TITLE>
+<DATELINE>    BONN, June 16 - </DATELINE><BODY>The West German government today considered
+demands for nearly 850 mln marks to lay off or retrain 20,000
+steel workers.
+    Government spokesman Friedhelm Ost said Chancellor Helmut
+Kohl reviewed a joint proposal by steel employers and trade
+unions at a special meeting with steel industry
+representatives.
+    Companies like Fried Krupp &lt;KRPG.D> and Hoesch Werke AG
+&lt;HWKG.F>, which saw profits plunge last year, have taken the
+unusual step of aligning with the metalworkers' trade union, IG
+Metall, to press for government finance to slim staff levels
+still further.
+    Government officials said Bonn was prepared to take part in
+a common effort to find a solution for the steelworkers. But
+since the government was struggling to finance tax cuts by
+reducing state subsidies, it could not pay for all the layoffs.
+    A spokesman for IG Metall said the joint proposal foresaw
+redundancy payments to 10,000 workers in Ruhr and Rhineland
+plants. Some 6,000 workers would be redeployed in non-steel
+making sectors of steel companies, while a further 4,000 would
+be eligible for job-retraining schemes. Redundancies are
+estimated at 600 mln marks, while job retraining would cost a
+further 240 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21985" NEWID="18457">
+<DATE>16-JUN-1987 06:46:32.22</DATE>
+<TOPICS><D>zinc</D><D>lead</D><D>copper</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M
+&#22;&#22;&#1;f0488&#31;reute
+u f BC-ZINC-CONCENTRATE-SUPP   06-16 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZINC CONCENTRATE SUPPLY SHORTFALL SEEN IN 1988</TITLE>
+<DATELINE>    AMSTERDAM, June 16 - </DATELINE><BODY>Next year is likely to see a shortfall
+in zinc concentrates of up to 100,000 tonnes, although there
+should be ample supply in 1987, Shearson Lehman Brothers Ltd
+metals analyst Stephen Briggs said.
+    Speaking on the second day of Metal Bulletin's base metals
+conference, Briggs said the major factor in his predicted
+100,000 tonne shortfall in zinc concentrate supply in 1988 was
+the imminent cessation of new mining and termination of milling
+at Pine Point in Canada.
+    However, this could be partially offset by some stockpiles.
+    Nevertheless, despite this predicted shortfall there was
+unlikely to be any dramatic change in treatment charges in
+1988. The picture for 1987, on the other hand, was one of
+record production of zinc metal with fewer strikes anticipated
+in Canada, some improvement in South America and new capacity
+in South Korea.
+    "Dramatic new record levels of concentrate output are also
+expected in 1987," Briggs said.
+    This would partly be due to a return to more normal levels
+at existing mines in Australia and Peru, allied with
+achievement of full capacity of 170,000 tonnes a year at Faro
+in Canada.
+    Looking further forward, the major event was the probable
+opening in 1991 of the Red Dog mine in Alaska with a capacity
+of 300,000 tonnes of concentrates a year.
+    "Once this mine is fully on stream it is unlikely that there
+will be a major shortage of concentrates in the early 1990s," he
+added.
+    The picture for lead was also closely allied to that of
+zinc, with no new dedicated lead mines planned and therefore
+supply of concentrates largely dependent on by-products from
+zinc mines.
+    "On this basis, our calculations point to a modest
+oversupply of lead concentrates in 1987," Briggs said.
+    The copper forecast, however, was for a record
+non-Socialist output of 6.6 mln tonnes of concentrates in 1987,
+increasing by a further 150,000 tonnes in 1988.
+    Production of primary refined copper metal would also
+increase, but not by as much as concentrate output, leading to
+a moderate oversupply of concentrates of up to 150,000 tonnes
+this year and with no shortages predicted for the rest of the
+decade, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22035" NEWID="18458">
+<DATE>16-JUN-1987 07:08:50.45</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0524&#31;reute
+u f BC-ITALIAN-WHOLESALE-PRI   06-16 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN WHOLESALE PRICES UP 0.5 PCT IN APRIL</TITLE>
+<DATELINE>    ROME, June 16 - </DATELINE><BODY>Italy's wholesale price index rose 0.5 pct
+month-on-month in April, after increasing by 0.1 pct in March,
+the national statistics institute Istat said.
+    The index, base 1980 equals 100, registered 174.2 in April
+compared with 173.3 in March.
+    The April figure represents an increase of 1.6 pct compared
+with the corresponding month of 1986, after a year-on-year rise
+in March this year of 0.6 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22014" NEWID="18459">
+<DATE>16-JUN-1987 07:24:57.91</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T
+&#22;&#22;&#1;f0540&#31;reute
+u f BC-INDONESIA-SEEKS-TO-IN   06-16 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA SEEKS TO INCREASE SUGAR OUTPUT</TITLE>
+<DATELINE>    JAKARTA, June 16 - </DATELINE><BODY>Indonesia will try to increase sugar
+output in calendar 1988 to 2.4 mln tonnes from an expected 2.2
+mln in 1987, Agriculture Minister Achmad Affandi said.
+    He told reporters after meeting President Suharto the gains
+will come from increasing average production to 10 tonnes per
+hectare from the previous 6.2 tonnes.
+    He said Indonesia is aiming to pass the United States to
+become the world's fourth largest producer compared with its
+current seventh position.
+    Affandi said the increase would insure Indonesia's
+self-sufficiency in the commodity and allow it to keep adequate
+stocks.
+    Indonesia said it produced 2.02 mln tonnes in 1986, but the
+U.S. Embassy in its annual agriculture report said output was
+1.8 mln tonnes. The U.S. Report forecast no change for 1987.
+    Indonesia imported 162,000 tonnes of sugar late last year
+and in early 1987 to boost low sugar stocks.
+    The country has around 284,000 hectares of sugar cane
+farms. The agriculture ministry estimates domestic consumption
+at 2.03 mln tonnes in calendar 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22030" NEWID="18460">
+<DATE>16-JUN-1987 07:29:46.51</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T G
+&#22;&#22;&#1;f0560&#31;reute
+u f BC-JAPAN-HAS-NO-PLANS-TO   06-16 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN HAS NO PLANS TO LIBERALISE FARM MARKET</TITLE>
+<DATELINE>    TOKYO, June 16 - </DATELINE><BODY>Japan has no plans to liberalise its farm
+markets, but will try to narrow the gap between the price of
+farm products at home and overseas, Agriculture Minister
+Mutsuki Kato said.
+    He told reporters the move is aimed at deflecting criticism
+of Japanese protectionism on its agricultural goods.
+    But Kato said he has no plans to start bilateral trade
+talks with the United States over rice, Japan's staple food.
+    Washington has called Tokyo's rice policy an extreme
+example of protectionism and has demanded access for U.S.
+Growers to the Japanese market. This is closed to imports
+except in emergency.
+    Kato said Japanese farmers should however "shed some blood,"
+to relieve the dangerous state of international farm trade.
+    His comments precede a meeting on July 1 and 2 of the Rice
+Price Council at which the government advisory body will
+discuss the 1987 crop producer rice price.
+    Kato said he welcomed the outcome of last week's recent
+summit of leaders of leading industrialised democracies in
+Venice and of farm trade talks at the Organisation for Economic
+Cooperation and Development (OECD) in May.
+    Ministers at both conferences agreed on the long-term need
+to cut subsidies worldwide, Kato said.
+    Kato said that Japan is not the only country to protect
+producers. He said the United States spends some 25.8 billion
+dlrs a year to support producer prices and on its export
+enhancement program and the EC 21.7 billion, while Japan spends
+only 2.9 billion. He said that although Japan provides the
+world's highest level of subsidies per acre, its subsidy per
+farm family was several times lower than in the United States.
+    Expressing concern about growing protectionist moves in
+U.S. Congress, he said Japan should make efforts to prevent
+farm trade issues between the two countries from becoming a
+factor increasing protectionism in the United States.
+    Japan and the United States are holding panel discussions
+at the General Agreement on Tariffs and Trade over Japan's
+import restrictions on 12 farm items.
+    Bilateral talks on beef and citrus trade in the period from
+next April are due to start this autumn.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22075" NEWID="18461">
+<DATE>16-JUN-1987 07:41:37.77</DATE>
+<TOPICS><D>money-fx</D><D>reserves</D><D>trade</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM
+&#22;&#22;&#1;f0586&#31;reute
+u f BC-TAIWAN-PARLIAMENT-BAC   06-16 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN PARLIAMENT BACKS FREE CAPITAL OUTFLOWS</TITLE>
+<AUTHOR>    By Andrew Browne, Reuters</AUTHOR>
+<DATELINE>    TAIPEI, June 16 - </DATELINE><BODY>Parliament approved a proposal to drop
+all controls on capital outflows, raising the prospect that
+Taiwan's vast resevoir of foreign exchange will flow into the
+world economy.
+    A government spokesman said the new law would be
+promulgated by President Chiang Ching-Kuo within 10 days and
+financial authorities would then be empowered to lift controls
+on currency outflows at any time.
+    Tight restrictions on capital inflows introduced this year
+will remain in place, the spokesman said.
+    Central Bank Governor Chang Chi-Cheng has said the controls
+will be lifted at the end of next month or early in August.
+    The central bank and finance ministry proposed lifting
+currency restrictions to help reduce Taiwan's foreign exchange
+reserves, which stand at about 60 billion U.S. Dlrs and have
+led to runaway growth in money supply.
+    The reserves, the world's third largest after Japan and
+West Germany, also draw attention to Taiwan's huge trade
+surplus and the government fears they are making the island a
+target for U.S. Trade protectionism.
+    The surplus rose 34 pct to a record 7.32 billion U.S. Dlrs
+in the first five months of this year and about 90 pct of it
+was with the United States.
+    Money supply rose a seasonally adjusted 51.9 pct in the
+year to end-April, raising fears of higher inflation.
+    Local bankers and economists say when the controls are
+lifted, businessmen will be allowed to buy foreign currency and
+invest it freely overseas. But they warn against expectations
+of a sudden outflow of capital.
+    "I don't think we're going to see a big bang," John Brinsden,
+the Taiwan manager of Standard Chartered Bank told Reuters in a
+recent interview.
+    Bankers said that businessmen have been holding vast
+quantities of foreign exchange overseas for many years and also
+have been freely buying and exporting currency through a
+flourishing black-market.
+    "Obviously there will be an outflow of funds ... But I don't
+think it's going to be much," said Danny Chan, director of
+Fidelity Securities Investment Consulting Corp.
+    Economists say the success of plans to encourage capital
+outflow depend on whether the central bank can slow the rise of
+the local currency.
+    The Taiwan dollar has risen by about 23 pct against the
+U.S. Dollar since September 1983, prompting an inflow of
+speculative money. It rose by one Taiwan cent today to close at
+31.08.
+    The government spokesman said the new law does not empower
+authorities to permanently lift capital controls, but any
+proposal to reimpose them would need the approval of
+parliament.
+    Many economists believe that once the controls are lifted
+it will be almost impossible to reimpose them.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21993" NEWID="18462">
+<DATE>16-JUN-1987 07:54:39.94</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M
+&#22;&#22;&#1;f0619&#31;reute
+u f BC-MAJOR-EUROPEAN-ZINC-S   06-16 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR EUROPEAN ZINC SMELTER MERGER SEEN BY 1990</TITLE>
+<DATELINE>    AMSTERDAM, June 16 - </DATELINE><BODY>There should be at least one merger
+between major European zinc smelters before the end of the
+decade, Christian Bue, Executive Vice President (commercial) of
+SMM Penarroya in France, said.
+    Speaking on the second day of the Metal Bulletin base
+metals conference, Bue said he expected the current talks
+between five smelters including Penarroya to result in
+integration between at least some of the companies before 1990.
+    The five companies, SMM Penarroya, Outokumpu Oy, Preussag
+Ag, Ste de la Vieille Montagne and Boliden Ore and Metals AB,
+have 22 pct of the world market, Bue added.
+    "We have no alternative than to integrate out businesses
+into large trading blocs if we are to survive the cut-throat
+price competition and the trend to forward integration from the
+mining companies," Bue said.
+    "It is by no means certain that all the five companies
+involved in the talks will integrate together. It is quite
+likely, and even preferable, that the European smelters form
+two or three large integrated blocs.
+    "In this way we will be better able to negotiate with our
+concentrate suppliers on one side, and with the metal buyers on
+the other," Bue added.
+    In the past, production overcapacity and the intense
+competition between the European zinc smelters has meant they
+have not only been in a very weak negotiating position when
+buying concentrates, but in an even weaker one when selling the
+metal, Bue noted.
+    Although the apparently easy solution is to simply shut
+down excess capacity, the burden of this on individual
+companies is far too heavy and no one can be expected to
+volunteer, he added.
+    Another possible but very risky solution is to invest
+heavily in more modern and lower cost facilities, he said.
+    "My answer to this suggestion is that individual companies
+who do not invest will surely die, and those that do invest
+might survive, but only might, " Bue said.
+    "The only real option in my mind is integration,
+rationalization and stabilization. We have no alternative, " he
+added.
+    Bue also said that the European smelters were completely
+dissatisfied with the tradition of pricing concentrates and
+metals in US dollars, and suggested moving either to a basket
+of the world's major currencies or pricing in European currency
+units (Ecus) to protect against exchange rate volatility.
+    Bue's views on integration between European smelters were
+met by general approval from the conference audience comprising
+representatives from many of the world's major mining, smelting
+and trading companies, although some of the mining
+representatives were somewhat sceptical in view of their own
+industry's move towards integration with smelters.
+    However, some concentrate traders did express worry about
+their own position if the metals industry does make the move to
+large trading blocs.
+    The currency basket suggestion cropped up constantly, but
+few said they thought matters would change in the near future.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21973" NEWID="18463">
+<DATE>16-JUN-1987 08:38:34.95</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM
+&#22;&#22;&#1;f0768&#31;reute
+b f BC-/U.S.-HOUSING-STARTS   06-16 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSING STARTS FELL 2.7 PCT IN MAY</TITLE>
+<DATELINE>    WASHINGTON, June 16 - </DATELINE><BODY>U.S. housing starts fell 2.7 pct in
+May to a seasonally adjusted annual rate of 1,620,000 units,
+the Commerce Department said.
+    In April, housing starts fell a revised 3.8 pct to
+1,665,000 units. The department previously said they fell 2.9
+pct.
+    The rate at which permits were issued for future
+construction fell in May by 7.6 pct to a seasonally adjusted
+1,477,000 units after falling 7.0 pct to 1,598,000 units in
+April.
+    The department said May housing starts were at the lowest
+annual rate since December 1984, when starts were at a
+seasonally adjusted 1,612,000 units. The permits total was the
+lowest for any month since March 1983, when 1,475,000 permits
+were issued.
+    Before seasonal adjustment, May housing starts fell to
+159,600 units from 161,600 units in April.
+    Permits before adjustment fell to 134,800 units in May from
+157,000 in April.
+    The department said single-family housing starts fell in
+May by 7.6 pct to 1,129,000 units from 1,222,000 units in
+April. The May decline followed a slight 0.9 pct rise in
+single-family starts in April.
+    Starts for multi-family units rose 10.8 pct in May to
+491,000 units after declining in April by 14.6 pct to 443,000
+units.
+    Permits for single-family homes in May were down 5.0 pct to
+a seasonally adjusted annual rate of 1,005,000 units from
+1,058,000 units in April. The decline followed a 8.0 pct drop
+in single-family permits in April.
+    Permits for multi-family units fell in May by 12.6 pct to a
+seasonally adjusted annual rate of 472,000 units from 540,000
+units in April. The May decline came after a 5.1 pct drop in
+the seasonally adjusted annual rate of permits for multi-family
+units in April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="22056" NEWID="18464">
+<DATE>16-JUN-1987 08:57:50.28</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T
+&#22;&#22;&#1;f0815&#31;reute
+b f BC-EC-COMMISSION-MODIFIE   06-16 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION MODIFIES OILS TAX PLAN</TITLE>
+<DATELINE>    LUXEMBOURG, June 16 - </DATELINE><BODY>The EC Commission has proposed a
+modified plan for a tax on marine and vegetable oils and fats
+in its revised 1987/88 farm price proposals, an official
+document detailing the proposals shows.
+    The document, made available to journalists, says the
+commission proposes that the tax should start at levels
+originally proposed for vegetable oils on October 1.
+    However, the tax on marine oils and fats would be cut by 50
+pct from originally envisaged levels, the document said.
+    In addition, the Commission proposes that the level of the
+tax, expected to start at 330 Ecus per tonne, could be reviewed
+every three months rather than annually.
+    Diplomatic sources said the change to the proposals for
+fish oils appears to be an attempt to overcome objections to
+the tax from Portugal and Spain, major fishing nations.
+    Other countries opposing the tax include Britain, West
+Germany and Denmark.
+    The new proposals retain most of the Commission's original
+plans in other sectors.
+    However, they mark the Commission's recognition that it
+cannot get proposals to reduce the period of intervention for
+cereals, diplomats said.
+    Instead the Commission proposes to cut the monthly
+increments applied to cereals during the November to May period
+when intervention is open to 2.7 Ecus a tonne for durum wheat
+and two Ecus a tonne for other cereals.
+    The document shows the Commission has also changed its
+green currency proposals in the light of heavy opposition,
+notably from West Germany.
+    West German and Dutch positive monetary compensatory
+amounts (MCAs) would be immediately cut by 0.5 points, with a
+further one point cut at the beginning of the 1988/89 season.
+    The Commission originally proposed a complete dismantling
+of positive MCAs.
+     For other countries, the Commission makes the following
+proposals for dismantling negative MCAs
+     Denmark and Benelux - reduction of around 1.5 points for
+animal products and just over two points for crops.
+     France and Ireland - proposals unchanged except for an
+extra 1.5 point cut for beef.
+     Italy - dismantling of all MCAs except those created since
+January 12.
+    Britain - five point cut for most products, 6.5 points for
+beef.
+    Greece, Spain and Portugal - for most products, dismantling
+of seven, 14 and 5.5 points respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6217" NEWID="18465">
+<DATE>18-JUN-1987 00:36:08.58</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2085&#31;reute
+b f BC-CITIBANK-LOWERS-AUSTR   06-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIBANK LOWERS AUSTRALIAN PRIME RATE TO 16 PCT</TITLE>
+<DATELINE>    SYDNEY, June 18 - </DATELINE><BODY>Citibank Ltd said it would lower its
+Australian prime rate to 16 pct from 16.5, effective tomorrow.
+    The new rate, if unmatched by other banks, will be the
+lowest among Australian trading banks. Other primes range from
+16.25 to 17.5 pct.
+    Australian prime rates have now retreated from a recent
+peak of 19 pct in October in line with declining money market
+levels. Citibank said its reduction reflected the decline.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6218" NEWID="18466">
+<DATE>18-JUN-1987 00:36:33.80</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f2090&#31;reute
+u f BC-CHINA-MOVES-TO-STABIL   06-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA MOVES TO STABILISE WORLD TUNGSTEN PRICES</TITLE>
+<DATELINE>    PEKING, June 18 - </DATELINE><BODY>China is moving to stabilise world prices
+of tungsten after fluctuating prices this year affected the
+country's export earnings, the China Daily said.
+    The paper quoted industry officials as saying they would
+fix export prices on the basis of the world market, stop
+smuggling and encourage producers to reduce exports.
+    Current world prices range from 49 to 55 dlrs per tonne
+unit, but China suffered heavy losses when the price slumped to
+39 dlrs earlier this year, it said.
+    Some 45 pct of world tungsten exports come from China, but
+the country imports high-grade tungsten products.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6219" NEWID="18467">
+<DATE>18-JUN-1987 00:54:39.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2102&#31;reute
+u f BC-AUSTRALIA'S-ANSETT-TO   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA'S ANSETT TO TAKE 20 PCT OF AMERICA WEST</TITLE>
+<DATELINE>    SYDNEY, June 18 - </DATELINE><BODY>Australia's &lt;Ansett Airlines> will
+exercise an option to acquire 20 pct of America West Airlines
+Inc &lt;AWAL.O> for about 31.5 mln U.S. Dlrs, &lt;Ansett Transport
+Industries Ltd> managing director Peter Abeles said.
+    Exercise, involving the purchase of about three mln new
+America West shares for 10.50 U.S. Dlrs each, was scheduled to
+be finalised in July or August, he said in a statement.
+    Abeles said Ansett would become the largest single
+shareholder in what he said was the fastest growing airline in
+the United States. America West is based in Phoenix, Arizona.
+    Under the terms of the option agreement, Ansett would have
+the right to maintain its 20 pct position in the event of
+future stock sales, but could not go beyond 20 pct unless so
+requested by America West, Abeles said.
+    America West would retain the right of first refusal if
+Ansett offered any of the shares for sale.
+    In addition, Ansett would gain one board seat, he said.
+    Ansett Transport Industries wholly owns Ansett Airlines,
+one of Australia's two major domestic airlines, and is in turn
+owned 50/50 by Abeles' international transport group TNT Ltd
+&lt;TNTA.S> and Rupert Murdoch's News Corp Ltd &lt;NCPA.S>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6220" NEWID="18468">
+<DATE>18-JUN-1987 01:09:05.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>keating</D><D>hawke</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2110&#31;reute
+u f BC-AUSTRALIAN-ELECTION-C   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN ELECTION CAMPAIGN FOCUSSES ON TAX CUTS</TITLE>
+<DATELINE>    SYDNEY, June 18 - </DATELINE><BODY>Treasurer Paul Keating said the
+opposition's tax-cutting policy, a key issue in the run up to
+the July 11 elections, was a miscalculation that would severely
+damage the Australian economy.
+    Opposition leader John Howard disputed Keating's
+allegations. "Keating is engaged in a desperate, last ditch
+panic attempt to deny long-suffering Australian taxpayers the
+cuts to which they are entitled," he said.
+    Keating said in a radio interview that errors in Howard's
+plan, including "double counting," would increase the budget
+deficit and could push interest rates above 20 pct.
+    Keating said that Treasury officials who had studied
+Howard's plans concluded that his proposed tax and spending
+cuts would result in a nine billion dlr deficit and damage
+international market confidence in Australia.
+    In his mini-budget on May 13 Keating said the budget
+deficit for the year ending June 1988 would be between two and
+three billion dlrs.
+    Howard has said a conservative government under his
+leadership would reduce the 55 pct top personal and company tax
+level to 38 pct and fund the reduction by cutting government
+spending.
+    Keating and Prime Minister Bob Hawke have promised not to
+increase taxes or impose new ones, but rejected any tax cuts.
+Instead they called for wage and other economic restraints to
+help overcome balance of payments and foreign debt problems.
+    Inflation declined to 9.4 pct for the year to March 31 from
+an annual 9.8 pct at the end of the December quarter.
+    Hawke has said inflation would fall to six pct by the
+middle of next year.
+    Australian bank lending rates to best customers have
+dropped to around 16.5 pct from a high of 19 pct nine months
+ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6221" NEWID="18469">
+<DATE>18-JUN-1987 01:11:24.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2114&#31;reute
+u f BC-AIDES-URGE-S.-KOREA'S   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIDES URGE S. KOREA'S CHUN TO OPEN TALKS - RADIO</TITLE>
+<DATELINE>    SEOUL, June 18 - </DATELINE><BODY>Aides to South Korea's President Chun Doo
+Hwan are urging him to reopen talks on electoral reform to
+defuse nationwide political turmoil, the state radio said.
+    It said ruling party officials would tell Chun he should
+consider reversing an April 13 decision to shelve the debate on
+reform until after the 1988 Seoul Olympics.
+    Ruling Democratic Justice Party executives met today to
+draw up a proposed package of measures. These included resuming
+talks, releasing political detainees and lifting the house
+arrest of top dissident Kim Dae-jung, the radio said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6222" NEWID="18470">
+<DATE>18-JUN-1987 01:22:27.51</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2118&#31;reute
+u f BC-JAPAN-FOREIGN-SHIPBUI   06-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FOREIGN SHIPBUILDING ORDERS FALL IN MAY</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>New foreign shipbuilding orders received
+by Japanese yards in May fell to five vessels totalling 188,900
+gross tons (gt) from eight ships of 314,000 gt in April,
+against four ships of 104,500 gt a year earlier, the Japan Ship
+Exporters Association said.
+    The backlog of orders at end-May was 122 ships of 3.70 mln
+gt against 125 ships of 3.73 mln at end-April and 233 ships of
+5.99 mln a year ago, an association official said.
+    The world shipping recession and the yen's appreciation
+against the dollar depressed May orders, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6223" NEWID="18471">
+<DATE>18-JUN-1987 01:26:24.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f2120&#31;reute
+u f BC-FIRST-CITY-BANCORP-HO   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CITY BANCORP HOLDS TALKS ON RAISING CAPITAL</TITLE>
+<DATELINE>    HOUSTON, June 18 - </DATELINE><BODY>First City Bancorp of Texas Inc &lt;FBT>
+said it was talking with several parties about its previously
+announced efforts to bolster its capital position.
+    The statement, issued yesterday, did not say how close the
+bank was to a merger or recapitalisation program.
+    "Several parties have expressed an interest in working with
+First City," it said. "This exploration process has not been
+completed and therefore it would be premature to speculate on
+the alternative that First City might pursue."
+ First City had "sufficient time" to find a solution to its
+financing problems, the statement added.
+    A spokesman said the statement was a response to several
+recent inquiries about First City's progress in strengthening
+its weak capital position.
+    Its problems were caused in part by slumps in Texas real
+estate and oil prices.
+    First City, which lost a record 402 mln dlrs in 1986, had a
+first quarter loss of 44.5 mln dlrs. The bank earlier said it
+predicted a smaller loss for 1987.
+    Banking analysts said First City is unlikely to attract a
+suitor unless federal regulators offer buyout assistance. The
+company's stock yesterday closed at 2-3/4, down 1/4.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6224" NEWID="18472">
+<DATE>18-JUN-1987 01:48:55.07</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>singapore</D><D>japan</D><D>west-germany</D><D>australia</D><D>canada</D><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V [B
+&#22;&#22;&#1;f2136&#31;reute
+u f BC-SHULTZ-PREDICTS-RAPID   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ PREDICTS RAPID NARROWING OF U.S. TRADE GAP</TITLE>
+<DATELINE>    SINGAPORE, June 18 - </DATELINE><BODY>Secretary of State George Shultz said
+the U.S. Would erase its large foreign trade deficit faster
+than many predicted, and the consequences for its trade
+partners might be traumatic.
+    "The U.S. Economy will inevitably make the adjustment
+necessary to move from a deficit to a surplus trade balance in
+order to service our growing foreign debt," he told a conference
+attended by the six members of the Association of Southeast
+Asian Nations and their leading Western friends.
+    "In my view, this will happen more rapidly than many
+observers now predict."
+    "The universal strategy of aggressive export-led growth is
+becoming less effective," Shultz said.
+    "It is not arithmetically possible for every country in the
+world to be a net exporter at the same time. The U.S. Deficit,
+which we all decry, has been in a sense the place into which
+everyone's export-led strategy for growth has gone."
+    "The huge surpluses of Japan and (West) Germany have fed on
+this deficit, so something will have to give and it will be
+possibly a traumatic experience," he added.
+    "While you must keep up the pressure on us to eschew
+protectionist policies, you must act too," Shultz said.
+    "I can do a better job of convincing the Congress to leave
+our door open to imports if more of our trading partners open
+their doors wider," he told the group, which included
+representatives from Australia, Canada, Japan, New Zealand and
+the European Community.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6225" NEWID="18473">
+<DATE>18-JUN-1987 02:54:01.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D><D>japan</D><D>china</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2165&#31;reute
+u f BC-BARCLAYS-SEES-GROWTH   06-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARCLAYS SEES GROWTH IN TRAVELLERS CHEQUES</TITLE>
+<DATELINE>    KUALA LUMPUR, June 18 - </DATELINE><BODY>Barclays Plc &lt;BCS.L> expects the
+global travellers cheque industry to grow three to six pct a
+year in the next five to 10 years despite growing competition
+from credit cards, divisional manager K.S. Nicklin said.
+    He said the bank expected the size of the market to
+increase to between 39 and 40 billion dlrs in 1987 from 37 to
+38 billion in 1986 because of worldwide economic recovery.
+    He said China, the Gulf states, South America and Japan
+would be areas for growth. Middle-income groups in the U.S. And
+Canada would continue to use travellers cheques for overseas
+trips rather than credit cards.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6226" NEWID="18474">
+<DATE>18-JUN-1987 02:56:00.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2166&#31;reute
+b f BC-AEGON-NV-ISSUES-100-M   06-18 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEGON NV ISSUES 100 MLN DLR EUROBOND</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Aegon NV is issuing a 100 mln dlr
+eurobond due July 23, 1990 paying 8-1/4 pct and priced at 101
+pct, lead manager Goldman Sachs International Corp said.
+    The non-callable bond is available in denominations of
+5,000 dlrs and is expected to be listed in Amsterdam. The
+selling concession is one pct while management and underwriting
+combined pays 3/8 pct.
+    The payment date is July 23.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6227" NEWID="18475">
+<DATE>18-JUN-1987 03:01:25.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f2171&#31;reute
+u f BC-JAPANESE-VEHICLE-EXPO   06-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE VEHICLE EXPORTS FALL IN MAY</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>Japanese vehicle exports fell 9.3 pct in
+May from a year earlier to 531,253, mainly because of lower
+exports to the U.S., Industry sources said.
+    This compares with 633,869 in April.
+    Official figures will be announced by the Japan Automobile
+Manufacturers Association later this month.
+    May exports included 374,482 passenger cars, down 9.9 pct
+from a year earlier, and 156,771 commercial vehicles, down 4.3
+pct, the sources said. But vehicle kit exports rose 31.3 pct to
+154,711, compared with 146,610 in April.
+    May exports of kit parts included 115,847 cars, up 35 pct
+from a year earlier, and 38,864 commercial vehicles, up 21.4
+pct, the industry sources said.
+    Japan's car production in May fell 11 pct from a year
+earlier to 574,921 and commercial vehicle output fell 4.8 pct
+to 335,460, while car kit output rose 29.7 pct from a year
+earlier to 106,396 and commercial vehicle kit production rose
+34.7 pct to 35,128, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6228" NEWID="18476">
+<DATE>18-JUN-1987 03:04:23.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2178&#31;reute
+f f BC-HONG-KONG'S-DAIRY-FAR   06-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HONG KONG'S DAIRY FARM SAYS IT BIDS FOR 22 PCT OF KWIK
+SAVE FOR 146.6 MLN STG
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6229" NEWID="18477">
+<DATE>18-JUN-1987 03:07:53.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2184&#31;reute
+u f BC-UAE-LEADERS-REJECT-OV   06-18 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE LEADERS REJECT OVERTHROW OF SHARJAH RULER</TITLE>
+<DATELINE>    BAHRAIN, June 18 - </DATELINE><BODY>The Supreme Council of the United Arab
+Emirates (UAE) has rejected the overthrow of the ruler of the
+emirate of Sharjah, the Emirates news agency, WAM, reported.
+    The UAE was plunged into a constitutional crisis yesterday
+after the ruling family of Sharjah said its ruler Sheikh Sultan
+bin Mohammed al-Qassimi had abdicated in favour of one of his
+brothers because of financial mismanagement.
+    The Council is the highest federal authority in the UAE,
+comprising the rulers of the seven emirates which make up the
+group, but it has no power over the internal affairs of
+individual states, diplomatic sources said.
+    The Supreme Council met in emergency session, without a
+representative from Sharjah, under the chairmanship of UAE
+President Sheikh Zaid bin Sultan al-Nahayan, WAM said.
+    It decided to ignore all statements issued from Sharjah and
+would continue meeting until the issue was resolved, the agency
+added.
+    The Qatar news agency said Sheikh Sultan was in Dubai after
+flying back from a private visit to London. The emirate of
+Dubai has rejected the Sharjah explanation and said Sheikh
+Sultan was ousted by force. It said this was unacceptable and
+called for his reinstatement. The UAE was formed in 1971.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6230" NEWID="18478">
+<DATE>18-JUN-1987 03:11:57.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2186&#31;reute
+u f BC-MARUBENI-CORP-AWARDED   06-18 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARUBENI CORP AWARDED SRI LANKAN TELECOM TENDER</TITLE>
+<DATELINE>    COLOMBO, June 18 - </DATELINE><BODY>Marubeni Corp &lt;MART.T> of Japan has been
+picked to undertake a telecommunications project worth 985 mln
+rupees, the Sri Lankan cabinet said in a statement.
+    It said Marubeni was selected from five Japanese
+competitors for the project, which involves laying new
+telecommunications cables in the outskirts of Colombo. Japan is
+financing the project.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6231" NEWID="18479">
+<DATE>18-JUN-1987 03:15:55.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2191&#31;reute
+b f BC-DAIRY-FARM-BIDS-146.6   06-18 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAIRY FARM BIDS 146.6 MLN STG FOR 22 PCT KWIK SAVE</TITLE>
+<DATELINE>    HONG KONG, June 18 - </DATELINE><BODY>&lt;Dairy Farm International Holdings
+Ltd> said in a statement it is making a tender offer for 22 pct
+of Kwik Save Discount Group Plc &lt;KWIK.L> of Britain for a total
+146.6 mln stg.
+    Dairy Farm said it will offer to buy up to 32.58 mln Kwik
+Save shares at 4.50 stg each.
+    The offer will bring Dairy Farm's stake in Kwik Save to 25
+pct from the present 3.5 pct, or 5.25 mln shares.
+    The offer, which will begin on Monday and ends June 30,
+requires that the shares tendered will bring its stake to at
+least 15 pct.
+    Dairy Farm said it will finance the acquisition by placing
+89 mln shares with affiliate Jardine Strategic Holdings Ltd
+&lt;JARS.HK> at 5.10 H.K. Dlrs each for a total of 454 mln dlrs.
+    The placement will raise Jardine Strategic's stake in Dairy
+Farm to 39.75 pct from the current 35.3 pct.
+    It said the Kwik Save purchase will also be financed with a
+loan from the Hongkong and Shanghai Banking Corp &lt;HKBH.HK>. It
+did not give the size of the loan but it said it would raise
+its net bank borrowings to a maximum of 2.2 billion H.K. Dlrs.
+    Dairy Farm said it would reduce its bank borrowings by the
+proceeds from the previously announced sale of its office
+building in Sydney for 625 mln dlrs.
+    It will consider raising additional capital, most probably
+through a placement of convertible preference shares in the
+Euromarket, it added.
+    Company chairman Simon Keswick said the U.K. Market "offers
+attractive opportunities for competitively priced food
+retailers" and that "a strategic investment in Kwik Save offers
+the best vehicle to pursue those opportunities."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6232" NEWID="18480">
+<DATE>18-JUN-1987 03:30:29.14</DATE>
+<TOPICS><D>gas</D><D>naphtha</D><D>fuel</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2211&#31;reute
+u f BC-SINGAPORE-PETROLEUM-C   06-18 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE PETROLEUM CO RAISES OIL PRODUCT POSTINGS</TITLE>
+<DATELINE>    SINGAPORE, June 18 - </DATELINE><BODY>Singapore Petroleum Co Pte Ltd said it
+will raise posted prices for its products from June 19, by one
+cent/gallon for lpg, naphtha and gasoline, two cents for gas
+oil and by 60 cents/barrel for marine diesel oil.
+    New prices are - lpg 36.0 cents/gallon, chemical naphtha
+47, unleaded reformate 65.8, 0.4 gm lead 97 octane 61.3, 95
+octane 59.3, 92 octane 55.5, 85 octane 49.5, 0.125 gm lead 97
+octane 64.3, 92 octane 58.5, 85 octane 52.5, jet kerosene 51.5,
+kerosene 50.5, premium kerosene 54.5, dual purpose kerosene
+52.5, 0.5 pct sulphur gas oil 52.0, one pct sulphur 51.0 and
+marine diesel oil 21.20 dlrs/barrel.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6233" NEWID="18481">
+<DATE>18-JUN-1987 03:31:29.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2214&#31;reute
+u f BC-MAZDA-MOTOR-CORP-&lt;MAZ   06-18 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAZDA MOTOR CORP &lt;MAZT.T></TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>Six months ended April 30
+    Parent shr 1.66 yen vs 7.28
+    Div 3.50 yen vs same
+    Net 1.59 billion vs 6.88 billion
+    Current 5.03 billion vs 16.03 billion
+    Sales 804.02 billion vs 839.20 billion
+    Oustanding shrs 955.00 mln vs 944.15 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6234" NEWID="18482">
+<DATE>18-JUN-1987 03:35:51.84</DATE>
+<TOPICS><D>meal-feed</D><D>livestock</D><D>carcass</D><D>grain</D><D>corn</D><D>sorghum</D><D>oilseed</D><D>soy-meal</D><D>rapeseed</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f2219&#31;reute
+u f BC-JAPAN-1986/87-COMPOUN   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN 1986/87 COMPOUND FEED OUTPUT UP 2.3 PCT</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>Japanese compound feed output rose 2.3 pct
+to 25.80 mln tonnes in 1986/87 ended March 31 from 25.23 mln a
+year earlier, the Agriculture Ministry said.
+    The marginal rise reflected slight growth in demand for
+poultry raising and a moderate increase in demand for beef
+cattle raising, Ministry officials said.
+    Compound feed sales totalled 26.01 mln tonnes in 1986/87
+against 25.40 mln a year ago, while end-March stocks were
+217,554 tonnes against 224,101.
+    Corn use in feed output in 1986/87 rose to 11.71 mln tonnes
+from 11.02 mln a year earlier due to low import prices.
+    The officials said corn imports rose because the world
+surplus and the yen's strength against the dollar reduced
+Chicago prices. The corn compounding ratio rose to 45.2 pct in
+1986/87 from 43.4 pct a year earlier.
+    Sorghum use rose marginally to 4.80 mln tonnes in 1986/87
+from 4.79 mln, but the compounding ratio fell to 18.5 pct from
+18.9 pct because of greater corn use. Higher import prices due
+to poor harvests last year in major producing nations such as
+Argentina made feed makers reluctant to use sorghum.
+    Soybean meal use fell to 2.58 mln tonnes from 2.63 mln and
+the compounding ratio declined to 10.0 pct from 10.3 pct.
+    The drop in soybean meal consumption resulted from
+increased use of cheaper rapeseed meal, the officials said.
+    Rapeseed consumption in 1986/87 was 563,889 tonnes against
+528,152 a year earlier. The compounding ratio rose to 2.2 pct
+from 2.1 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6235" NEWID="18483">
+<DATE>18-JUN-1987 03:43:39.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2229&#31;reute
+u f BC-BERISFORD-LIFTS-FIRST   06-18 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERISFORD LIFTS FIRST HALF PROFIT 2.5 MLN STG</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>six months to March 31
+    Shr 16.25p vs 15.61p
+    Div 4.0p vs 3.5p
+    Turnover 6.12 billion vs 4.89 billion
+    Interest 25.2 mln vs 37.6 mln
+    Pretax profit 42.7 mln vs 40.3 mln
+    Tax 10.3 mln vs 9.9 mln
+    Minorities 1.3 mln vs 439,000
+    Extraordinary items 2.6 mln credit vs 1.2 mln debit
+    Note - company name is S and W Berisford Plc &lt;BRFD.L>
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6236" NEWID="18484">
+<DATE>18-JUN-1987 03:45:07.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2231&#31;reute
+u f BC-N.Z.-GOVERNMENT-FOREC   06-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>N.Z. GOVERNMENT FORECASTS BUDGET SURPLUS 379 MLN DLRS VS
+1.95 BILLION DEFICIT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6237" NEWID="18485">
+<DATE>18-JUN-1987 03:46:16.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2232&#31;reute
+u f BC-NEW-BANGLADESH-LAW-AL   06-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW BANGLADESH LAW ALLOWS STATE FIRM SHARE SALES</TITLE>
+<DATELINE>    DHAKA, June 18 - </DATELINE><BODY>Parliament passed a law allowing
+state-owned industrial companies to sell 49 pct of their shares
+to staff and private investors, the official BSS news agency
+said.
+    Under the new law, passed yesterday, 51 pct of shares in
+the affected companies will be held by the government, 34 pct
+by the public and 15 pct by staff. The law also allows workers
+to nominate a member to the board of directors if they buy at
+least 12 pct of a company's shares.
+    Bangladesh has returned more than 500 industrial companies
+to private ownership since March 1982.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6238" NEWID="18486">
+<DATE>18-JUN-1987 03:46:21.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2233&#31;reute
+f f BC-NEW-ZEALAND-TO-REPAY   06-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEW ZEALAND TO REPAY 600 MLN DLRS FOREIGN DEBT, MINISTER
+SAYS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6239" NEWID="18487">
+<DATE>18-JUN-1987 03:50:32.88</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2242&#31;reute
+u f BC-SOUTH-AFRICAN-M-3-APR   06-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH AFRICAN M-3 APRIL GROWTH REVISED UPWARD</TITLE>
+<DATELINE>    PRETORIA, June 18 - </DATELINE><BODY>South African year-on-year broadly
+defined M-3 money supply growth was revised upward to 10.37 pct
+for April from a preliminary 10.08 pct, but was down from a
+revised 10.69 pct in March, Reserve Bank figures show.
+    M-3 rose to a revised 82.38 billion rand in April from a
+preliminary 82.17 billion and March's revised 81.39 billion. In
+April last year M-3 stood at 74.64 billion rand.
+    Preliminary figures for May show M-3 at 83.24 billion rand
+for a year-on-year rise of 10.97 pct from 75.01 billion in May
+1986.
+    April M-1A rose a year-on-year 15.12 pct to 14.22 billion
+rand after rising 14.72 pct to 13.97 billion in March while M1
+rose 24.49 pct to 27.92 billion after a 20.69 pct increase to
+26.97 billion, the figures showed.
+    M-2 rose 8.28 pct to 58.71 billion in April after rising
+6.47 pct to 57.52 billion in March.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6240" NEWID="18488">
+<DATE>18-JUN-1987 03:52:04.77</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2245&#31;reute
+b f BC-COMMONWEALTH-BANK-CUT   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH BANK CUTS AUSTRALIAN SPLIT PRIME</TITLE>
+<DATELINE>    SYDNEY, June 18 - </DATELINE><BODY>The Commonwealth Bank of Australia said
+it will lower its reference rate for loans to 15.75 pct from
+16.25 pct and its overdraft reference rate to 16.25 pct from
+16.75, effective June 24.
+    Bank officials have said the bank regards the overdraft
+reference rate, based on short-term rate trends, as its key
+prime lending rate to corporate customers. The loan reference
+rate is based on longer term trends.
+    The bank is the latest to cut prime rates in recent days
+following a continuing decline in market rates. Other prime
+rates now range from 16 pct to 17.5 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6241" NEWID="18489">
+<DATE>18-JUN-1987 03:56:19.47</DATE>
+<TOPICS><D>silver</D><D>platinum</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>keating</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C 
+&#22;&#22;&#1;f2250&#31;reute
+u f BC-AUSTRALIA-TO-PRODUCE   06-18 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA TO PRODUCE SILVER AND PLATINUM COINS</TITLE>
+<DATELINE>    CANBERRA, June 18 - </DATELINE><BODY>The Australian government has given
+support in principle to the production of platinum and silver
+bullion coins at the Perth Mint, Treasurer Paul Keating said.
+    This followed the success of the Australian Nugget gold
+bullion coins launched this year, he said in a statement.
+    He said that, as with the Australian nuggets, the coins
+would be legal tender. The platinum coins would be made in four
+weights but the silver coin would be of one ounce weight.
+    He said detailed arrangements for their issue would be
+finalised after talks between the Federal authorities and the
+Western Australian government, owner of the Perth Mint.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6242" NEWID="18490">
+<DATE>18-JUN-1987 04:05:49.72</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f2260&#31;reute
+u f BC-S.KOREA-SEES-GNP-GROW   06-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S.KOREA SEES GNP GROWTH MORE THAN 10 PCT THIS YEAR</TITLE>
+<DATELINE>    SEOUL, June 18 - </DATELINE><BODY>South Korea's gross national product (GNP)
+will exceed 10 pct real growth this year and the won will rise
+further as long as the current account surplus continues to
+widen, Deputy Prime Minister Chun In-Yong told reporters.
+    Chung, who is also Minister of Economic Planning, said his
+GNP estimate was based on the assumption that the economy will
+remain stable.
+    The official target for 1987 GNP growth is eight pct.
+    GNP rose 15.6 pct between the first quarters of 1987 and
+1986, according to provisional Bank of Korea figures.
+    GNP rose 12.5 pct in calendar 1986.
+    In the first four months of this year, the current account
+swung to a surplus of 2.5 billion dlrs from a deficit of 294
+mln dlrs in the same 1986 period.
+    "What the Minister said does not imply any major economic
+policy change," a Ministry spokesman told Reuters. "But he tried
+to urge business circles to prepare for the forseeable economic
+(future) ... A high won era."
+    South Korean manufacturers, who have insisted the won
+should not rise more than seven pct this year, have said they
+plan to ask the government to slow down its appreciation
+against the dollar.
+    The Bank of Korea today quoted the won unchanged at 812.05
+against the dollar, a 6.02 pct gain so far this year compared
+with a 3.34 pct increase for the whole of 1986.
+    The won strengthened by 6.60 won to the dollar in three
+days earlier this month while an International Monetary Fund
+team held talks here to discuss revaluation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6243" NEWID="18491">
+<DATE>18-JUN-1987 04:12:53.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>douglas</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2270&#31;reute
+b f BC-NEW-ZEALAND-FORECASTS   06-18 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND FORECASTS 379 MLN DLR BUDGET SURPLUS</TITLE>
+<DATELINE>    WELLINGTON, June 18 - </DATELINE><BODY>The New Zealand government is
+forecasting a budget surplus of 379 mln N.Z. Dlrs for the year
+ending March 1988, Finance Minister Roger Douglas said in a
+statement.
+    This compares with a deficit of 1.95 billion dlrs in the
+year ending March 1987 and a 1.87 billion dlr deficit a year
+earlier.
+    Total expenditure is seen at 22.907 billion dlrs against
+20.94 billion in the year to end-March 1987. Total revenue is
+seen at 23.29 billion dlrs against 18.992 billion.
+    The forecast rise in revenue comes partly from the 10 pct
+value added goods and services Tax (GST) introduced in October
+1986 which is seen bringing in 4.1 billion dlrs against 1.23
+billion a year earlier.
+    Other indirect taxation is seen rising to 3.1 billion dlrs
+from 2.2 billion. Company tax is forecast to bring in 2.39
+billion dlrs against 1.22 billion a year earlier while the tax
+take from individuals is seen little changed at 10.7 billion
+dlrs against 10.9 billion.
+    Excluding revenue and expenditure of a capital nature, such
+as repayment of loans by state-owned enterprises or revenue
+from asset sales, the budget would indicate a deficit of 1.27
+billion dlrs, Douglas said
+    Using this "financial deficit" method the deficit in the year
+to end March 1987 was 1.89 billion dlrs, he said.
+    Douglas said using this method, the financial deficit
+forecast for 1987/88 measures 2.2 pct of gross domestic product
+against 6.9 pct a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6244" NEWID="18492">
+<DATE>18-JUN-1987 04:13:01.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2271&#31;reute
+f f BC-British-Telecom-preta   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>British Telecom pretax profit rises 11.7 pct to 2.07
+billion stg in yr to end-March
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6245" NEWID="18493">
+<DATE>18-JUN-1987 04:14:35.65</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2273&#31;reute
+u f BC-AUSTRALIAN-CRUDE-OUTP   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN CRUDE OUTPUT FALLS IN FIRST NINE MONTHS</TITLE>
+<DATELINE>    CANBERRA, June 18 - </DATELINE><BODY>Australian crude oil and condensate
+output fell 7.6 pct to 23,480 megalitres, or about 147 mln
+barrels, in the first nine months of fiscal 1986/87 ending June
+30, the Department of Resources and Energy said.
+    The decline in production in the nine months to end-March
+reflected mainly a sharp dip early in the fiscal year, when low
+oil prices and high marginal excise rates led to a reduction of
+output from Bass Strait, department figures in its Major Energy
+Statistics publication show.
+    A megalitre is 6,290 barrels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6246" NEWID="18494">
+<DATE>18-JUN-1987 04:17:26.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>douglas</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2278&#31;reute
+u f BC-NEW-ZEALAND-TO-REPAY   06-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND TO REPAY UP TO 600 MLN DLRS OF DEBT</TITLE>
+<DATELINE>    WELLINGTON, June 18 - </DATELINE><BODY>New Zealand will repay a portion of
+its 42.48 billion N.Z. Dlr public debt for the first time since
+1952 as a result of a 379 mln N.Z. Dlr budget surplus for
+fiscal March 1988, Finance Minister Roger Douglas said.
+    Douglas said in a budget statement the surplus is the first
+achieved in New Zealand in 35 years. It compared with a 1.95
+billion dlr deficit in fiscal 1987.
+    Douglas said this year's government bond tender program
+would be adjusted in the light of the surplus, providing for
+the repayment of up to 600 mln dlrs of New Zealand's 21.74
+billion dlrs of overseas debt.
+    Details of which loans will be repaid have still to be
+decided.
+    Douglas said the present scale of the public debt was
+massive.
+    "It will take many years to reduce the debt to an acceptable
+level," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6247" NEWID="18495">
+<DATE>18-JUN-1987 04:21:05.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2283&#31;reute
+b f BC-BRITISH-TELECOM-RAISE   06-18 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH TELECOM RAISES 1986/87 PROFIT 11.7 PCT</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Year to end-March
+    Shr 20.9p, a 22.3 pct rise
+    Div 5.1p making 8.45p vs vs 7.5p
+    Turnover 9.42 billion, a 12.4 pct increase
+    Operating profit 2.35 billion, a 10.9 pct increase
+    Pretax profit 2.07 billion, a 11.7 pct rise
+    Fourth quarter 1987
+    Turnover 2.42 billion, a 8.4 pct rise
+    Operating profit 629.0 mln, a 12.1 pct increase
+    Pretax profit 555.0 mln, a 11.7 pct rise.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6248" NEWID="18496">
+<DATE>18-JUN-1987 04:21:26.29</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2285&#31;reute
+u f BC-AUSTRIAN-CURRENT-SURP   06-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRIAN CURRENT SURPLUS GROWS IN FOUR MONTHS</TITLE>
+<DATELINE>    VIENNA, June 18 - </DATELINE><BODY>Austria's current account surplus grew to
+11.0 billion schillings in the first four months this year from
+8.2 billion in the same period last year, the National Bank
+said.
+    In April, the current account recorded a deficit of 300 mln
+schillings compared with an 800 mln surplus in March and an 800
+mln deficit in April, 1986, the bank said in a statement.
+    The trade deficit in the first four months fell to 16.4
+billion schillings from 17.5 billion in the same period last
+year while in April the deficit was 4.1 billion compared with
+6.9 billion in March and 3.6 billion in April, 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6249" NEWID="18497">
+<DATE>18-JUN-1987 04:21:34.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2287&#31;reute
+b f BC-JOHNSON-MATTHEY-RAISE   06-18 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSON MATTHEY RAISE PRETAX PROFITS BY 67.8 PCT</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Year to March 31
+    Fin div 3.5p making 5.5p vs 2.5p
+    Shr 25.2p vs 14.7p
+    Pretax profit 50.5 mln stg vs 30.1 mln
+    Net after tax 36.0 mln vs 21.6 mln
+    Turnover 1.22 billion vs 1.16 billion
+    Extraordinary dbt 10.3 mln vs 8.2 mln
+    Note - Full company name is &lt;Johnson-Matthey Plc>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6250" NEWID="18498">
+<DATE>18-JUN-1987 04:24:26.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2292&#31;reute
+u f BC-N.ZEALAND-DEBT-PROGRA   06-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.ZEALAND DEBT PROGRAM REVISED ON BUDGET SURPLUS</TITLE>
+<DATELINE>    WELLINGTON, June 18 - </DATELINE><BODY>A forecast 379 mln N.Z. Dlr surplus
+in the government's 1987/88 budget will allow a significant
+reduction in the government debt program, Finance Minister
+Roger Douglas said in a statement.
+    "There are however good reasons to maintain a higher
+borrowing program than the Budget numbers require," he said.
+    The government will borrow a further 950 mln dlrs this
+fiscal year, down from the further 1.75 billion originally
+planned.
+    "The amount of foreign currency debt generated by previous
+economic mismanagement is too large," Douglas said. "It would not
+be sensible when presented with an opportunity to repay some
+debt to do so only in respect of domestic debt."
+    The government also has an interest in keeping enough of a
+domestic borrowing program going to keep the secondary market
+efficient, he said. That will give the government better
+borrowing terms in future, he added.
+    Douglas said the revised debt program also meant the
+government would be able to retire over 650 mln dlrs of
+domestic debt and 600 mln dlrs of foreign debt.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6251" NEWID="18499">
+<DATE>18-JUN-1987 04:31:05.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2302&#31;reute
+u f BC-BERISFORD-SIX-PCT-PRO   06-18 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERISFORD SIX PCT PROFIT RISE MAINTAINS MOMENTUM</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>S and W Berisford Plc &lt;BRFD.L> said a six
+pct rise in pretax profits to 42.7 mln stg in the first half
+had maintained last year's momentum despite poor commodities
+trading conditions and continued rationalisation costs.
+    Its British Sugar Corp Plc unit produced its best ever
+performance due to greater efficiency and better selling prices
+and was on course for record full year profits.
+    In the last year Berisford attempted to sell the unit and
+attracted several bids. A bid by Hillsdown Holdings Plc
+&lt;HLDN.L> was abandoned, one from Tate and Lyle Plc &lt;TATL.L>
+officially blocked and a sale of BSC to &lt;Gruppo Ferruzzi> also
+prevented.
+    It had authorised a further 46 mln stg in capital
+expenditure in BSC for next year, eight mln higher than the
+anticipated total this year.
+    Berisford said it was particularly pleased with the
+progress of its associate Hunter Saphir Plc, in which it
+acquired a substantial equity stake in January in return for
+the sale of some of its food manufacturing companies.
+    Since the deal was completed, the market value of the stake
+in Hunter had almost doubled and at the same time enabled the
+group to concentrate efforts in its food division on
+ingredients -- mainly sugar, gelatine and flavours.
+    The property division maintained good growth while
+financial services made a satisfactory contribution to profits.
+However, the results of the industrial division continued to be
+disappointing although the rationalisation programme was
+progressing well.
+    Commodity operations returned to profit after a second half
+loss last year. The results reflected dull market conditions,
+with coffee trading failing to repeat last year's exceptional
+first half performance due to extremely difficult conditions in
+world markets.
+    It said it was reducing its exposure to the volatility of
+commodity earnings by concentrating on a smaller range of key
+commodities.
+    Berisford shares firmed one penny on the announcement to
+366p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6252" NEWID="18500">
+<DATE>18-JUN-1987 04:35:02.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C 
+&#22;&#22;&#1;f2305&#31;reute
+u f BC-CANADIAN-MINES-AGREE   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN MINES AGREE TO CUT COAL PRICE</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>Members of the Bull Moose coking coal mine
+in British Columbia, Canada, agreed to cut the base price they
+charge Japanese steelmakers to 91.77 Canadian dlrs a tonne FOB
+for the year from April 1, down 14 dlrs from 1986/87, an
+official at a company involved in the deal said.
+    The Nippon Kokan KK &lt;NKKT.T> official said the cut was
+agreed after five months of talks between &lt;Teck Corp>, &lt;Rornex
+Mining Corp Ltd> and &lt;Nissho Iwai Coal Development (Canada)
+Ltd>.
+    He said the Japanese side would continue to ask the miners
+to improve the quality of Bull Moose coal's ash specification.
+    Japanese steel mills and several Canadian exporters
+including the sellers of Bull Moose coal have had several
+rounds of negotiations on coking coal base prices this year,
+industry sources said.
+    The Japanese steel firms started a new round of base price
+talks with &lt;Quintette Coals Ltd> yesterday, while discussions
+with &lt;Gregg River Co Ltd> will be held later this month, they
+said.
+    Nissho Iwai Coal is a unit of &lt;Nissho Iwai Corp> of Japan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6253" NEWID="18501">
+<DATE>18-JUN-1987 04:36:10.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f2308&#31;reute
+u f BC-BANK-OF-JAPAN-TO-SELL   06-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 200 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>The Bank of Japan will sell tomorrow 200
+billion yen in financing bills through 35-day repurchase
+agreements maturing July 24 to help mop up a projected money
+market surplus, money traders said.
+    The yield on the bills for sale to banks and securities
+houses from money houses will be 3.6005 against today's
+one-month commercial bill discount rate of 3.5625 pct and
+one-month certificate of deposit rate of 3.98/86 pct. Traders
+estimate a 300 billion yen surplus due to tax allocations to
+local governments and public entities. The operation will put
+outstanding bill supplies at about 2,000 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6254" NEWID="18502">
+<DATE>18-JUN-1987 04:36:56.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D><D>west-germany</D><D>france</D><D>belgium</D><D>norway</D><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>zse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2312&#31;reute
+u f BC-VOLVO-TO-BE-LISTED-ON   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLVO TO BE LISTED ON SWISS BOURSES</TITLE>
+<DATELINE>    STOCKHOLM, June 18 - </DATELINE><BODY>Sweden's Volvo AB &lt;VOLV ST> said its
+B-Free shares are to be listed on the Zurich, Basle and Geneva
+bourses in the autumn.
+    The company said in a statement that the new listing would
+further expand the number of international bourses on which
+Volvo shares are quoted. It is already quoted on stock
+exchanges in Sweden, Britain, West Germany, France, Belgium,
+Norway and Tokyo, and its shares are also traded
+over-the-counter in the United States.
+    "Switzerland attracts us as one of the most international
+capital markets," Lennart Jeansson, of the Volvo board, said.
+    A Swiss bank consortium led by Credit Suisse had carried
+out a secondary placement of 500,000 B-Free Volvo shares on the
+Swiss market in preparation for Volvo's autumn entry onto the
+bourses, Volvo said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6255" NEWID="18503">
+<DATE>18-JUN-1987 04:38:54.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f2319&#31;reute
+u f BC-DAIRY-FARM-GETS-1.2-B   06-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAIRY FARM GETS 1.2 BILLION H.K. DLR LOAN</TITLE>
+<DATELINE>    HONG KONG, June 18 - </DATELINE><BODY>&lt;Dairy Farm International Holdings
+Ltd> obtained a 1.2 billion H.K. Dlr loan from the Hongkong and
+Shanghai Banking Corp to finance its tender offer for a 22 pct
+stake in Kwik Save Discount Group Plc &lt;KWIK>, Dairy Farm
+chairman Simon Keswick told reporters.
+    He did not disclose the terms of the loan but said they
+were "fairly fair."
+    Dairy Farm said earlier in a statement it would offer to
+buy up to 32.58 mln Kwik Save shares at 4.50 stg each, raising
+its stake in the retail firm to 25 pct from 3.5 pct now.
+    Keswick said Dairy Farm wanted to obtain at least 15 pct of
+Kwik Save, which would make it Kwik Save's biggest shareholder,
+otherwise it would dispose of its entire stake.
+    Kwik Save opened at 4.45 stg, up from yesterday's 3.90 stg
+close.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6256" NEWID="18504">
+<DATE>18-JUN-1987 04:42:22.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f2324&#31;reute
+u f BC-GOVERNMENT-TO-SELL-25   06-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOVERNMENT TO SELL 25 PCT OF AIR NEW ZEALAND</TITLE>
+<DATELINE>    WELLINGTON, June 18 - </DATELINE><BODY>The New Zealand Government will sell
+25 pct of state-owned &lt;Air New Zealand Ltd> to the public,
+Civil Aviation minister Richard Prebble said.
+    Prebble said in a statement the government would appoint an
+adviser to help it decide how the shares should be sold, the
+timing of any sales and the price.
+    "Clearly there will be a need to gauge the effect of other
+proposed share issues so as to enter the market at the best
+opportunity," Prebble said.
+    "We are in no particular rush to sell our shares in Air New
+Zealand," he said.
+    "Our aim is to maximise the benefit to the taxpayer. If that
+means waiting for a while, then so be it," Prebble said.
+    He said Air New Zealand expects to release its results soon
+for the year to March 31 1987. He said he was confident it
+would post an excellent profit.
+    Prebble said Air New Zealand was successful but its ability
+to prosper in future was hampered by its
+wholly-government-owned status.
+    Prebble said access to new sources of capital would
+increase its ability to expand and develop.
+    This sale announcement follows the public float in March of
+around 13 pct of the &lt;Bank of New Zealand Ltd>.
+    The government has said it will also float part of the
+capital of other state-owned operations, including &lt;DFC New
+Zealand Ltd>, formerly Development Finance Corp of New Zealand
+Ltd, and Petroleum Corp of New Zealand Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6257" NEWID="18505">
+<DATE>18-JUN-1987 04:45:32.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2331&#31;reute
+b f BC-ALCAN-AUSTRALIA-SEEKS   06-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN AUSTRALIA SEEKS 100 MLN DLR FACILITY</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Alcan Australia Ltd &lt;AL.S> seeks a 100
+mln U.S. Dlr, eight year underwritten note issuance facility,
+Swiss Bank Corporation International Ltd said as arranger.
+    The facility, which allows banks the option to withdraw
+after five years with three months' notice, involves the
+issuance through a tender panel of notes with maturities up to
+six months.
+    The maximum yield will be 20 basis points over London
+Interbank Offered Rates (LIBOR) and there is a 3/16 pct
+underwriting fee, regardless of utilisation. Alcan Australia is
+indirectly 70 pct owned by Alcan Aluminium Ltd of Canada.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6258" NEWID="18506">
+<DATE>18-JUN-1987 04:49:01.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2336&#31;reute
+f f BC-BET-pretax-profit-157   06-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BET pretax profit 157.4 mln stg vs 124.6 in year to
+end-March
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6259" NEWID="18507">
+<DATE>18-JUN-1987 05:00:09.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f2358&#31;reute
+u f BC-JAPAN-FINISHING-UP-WO   06-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FINISHING UP WORK ON SUPPLEMENTARY BUDGET</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>The Finance Ministry is putting the
+finishing touches on a roughly 2,000 billion yen supplementary
+budget for 1987/88 and has started to turn its attention to
+next year's main budget, ministry officials said.
+    The supplementary budget is designed to help finance the
+6,000 billion yen emergency economic package the government
+unveiled last month to boost domestic demand.
+    Ministry officials said the government would issue about
+1,300 billion yen in construction bonds to help pay for the
+increased public investment set out in the emergency package.
+    The rest of the supplementary budget will be financed by
+450 billion yen in proceeds from last year's sale of shares in
+Nippon Telegraph and Telephone Corp (NTT) and by higher than
+expected 1986/87 tax revenues, officials said.
+    One official said the carry-over of tax revenues into the
+1987/88 fiscal year that began on April 1 might be more than
+1,000 billion yen. Soaring land and share prices have boosted
+receipts, especially from securities and land taxes.
+    With less than half of the carry-over likely to be used in
+the current supplementary budget, the rest will be available
+for a second supplementary budget expected later this year.
+    The second supplementary budget will be used to finance the
+government's wage bill, which will not be known until after
+wage talks later this year, one official said.
+    The government must also finance the tax cut of more than
+1,000 billion yen which it promised in its emergency package
+but which will not be contained in the first supplementary
+budget, due to be presented to parliament next month.
+    The Finance Ministry's budget bureau is hoping the tax
+carry-over and higher than expected revenues again this year
+will be enough to finance the second supplementary budget, he
+said.
+    Officials said the Finance Ministry does not want to issue
+deficit-financing bonds or use the extra proceeds from this
+year's NTT share sale to fund the second supplementary budget.
+    Besides the first supplementary budget, the government also
+intends to introduce a new tax reform bill to parliament during
+the upcoming extraordinary session, officials said.
+    The government was forced to abandon its first tax reform
+bill due to strong opposition to its plan to introduce a five
+pct sales tax.
+    The sales tax was designed to help finance cuts in
+individual and corporate income taxes.
+    The new bill will present the 1,000 billion yen-plus tax
+cut contained in the emergency package as the first step to an
+overhaul of the country's tax system, officials said.
+    It will also contain a controversial plan to phase out tax
+breaks on savings, although it may not take effect in October
+as originally planned, they said.
+    Looking ahead to next year's main budget, the Finance
+Ministry is beginning to debate whether to abandon its
+so-called minus ceiling for public investment.
+    That policy calls on government departments to cut public
+investment spending by five pct per year.
+    Economic Planning Minister Tetsuo Kondo said recently the
+policy would be suspended in 1988/89, pending a recommendation
+from the government's administrative reform council.
+    The ruling Liberal Democratic Party said in April that
+budget request guidelines for invesment expenditures would be
+reviewed.
+    But some officials at the Finance Ministry's budget bureau
+said they were hopeful the policy would be retained.
+    They fear that a suspension of the guidelines for public
+investment could lead to increased pressure on the government
+to loosen its grip on current expenditures as well.
+    The account would also extend interest-free loans to
+profitable public works projects developed in conjunction with
+the private sector, the officials said.
+    In this way, the Finance Ministry could meet growing
+pressure on it to boost capital spending while maintaining a
+tight grip on outlays by other government departments.
+    Surplus funds from this year's sale of NTT shares could
+total about 3,000 billion yen. Based on the current market
+price, the planned sale of 1.95 mln shares would raise more
+than 5,000 billion yen, compared to about 2,000 billion planned
+for in the main 1987/88 budget.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6260" NEWID="18508">
+<DATE>18-JUN-1987 05:10:18.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2375&#31;reute
+b f BC-GLAXO-HAS-NO-KNOWLEDG   06-18 0120</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+GLAXO HAS NO KNOWLEDGE OF BEARISH PRESS ARTICLE LONDON, June 18
+- A spokesman for pharmaceuticals giant Glaxo Holdings Plc
+&lt;GLXO.L> said he had no knowledge of a bearish U.S. Press
+article which London share dealers said has helped depress the
+shares in early trading here.
+    Glaxo shares fell to a low of 1,725 this morning after
+heavy selling in the U.S. Overnight on rumours the New England
+Medical Journal had published an article critical of the "Zantac"
+anti ulcer drug. The shares later rallied to stand 34p down at
+1,751.
+    Dealers said the share price move was also based on profit
+taking after yesterday's rise on bullish remarks from chairman
+Paul Girolami and the shares' debut on the Tokyo market.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6261" NEWID="18509">
+<DATE>18-JUN-1987 05:14:40.93</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2383&#31;reute
+u f BC-S.-AFRICAN-PRODUCER-P   06-18 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICAN PRODUCER PRICE INFLATION RISES IN APRIL</TITLE>
+<DATELINE>    PRETORIA, June 18 - </DATELINE><BODY>South African year-on-year producer
+price inflation rose to 16.1 pct in April against 15.8 pct in
+March, Central Statistics Office figures show.
+    The all items index (base 1980) rose a monthly 1.2 pct to
+242.5 in April after increasing 1.1 pct to 239.6 in March and
+standing at 208.9 a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6262" NEWID="18510">
+<DATE>18-JUN-1987 05:17:20.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2392&#31;reute
+r f BC-BANK-OF-FINLAND-PREDI   06-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF FINLAND PREDICTS 1987 INVESTMENT SURGE</TITLE>
+<DATELINE>    HELSINKI, June 18 - </DATELINE><BODY>Finnish industrial investment will rise
+10 pct in 1987 from last year reaching its highest rate since
+1980, the Bank of Finland's two year survey predicted.
+    Investment will centre on machinery and equipment, with a
+rise of almost 25 pct.
+    There will almost be a rise of 20 pct in investment in
+manufacturing, with notable growth in the paper industry,
+chemicals, building materials and consumer goods sectors.
+    The rate of growth will fall back in 1988 with spending
+remaining at the same level as this year, the survey said.
+    Research and development spending will show a rise of over
+three billion markka, representing 18 pct of investment in
+1987.
+    Finland's investment rate is high internationally as the
+share of capital intensive industries is relatively large.
+    "But the quicker growth of Finnish industrial production is
+also an indication investments are promoting a renovation and
+increase in production capacity," the survey said.
+    Manufacturing industry would have a capacity use rate of 86
+pct at the end of 1987, one pct above the rate at the start of
+the year. This was expected to grow further next year, it said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6263" NEWID="18511">
+<DATE>18-JUN-1987 05:18:47.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2395&#31;reute
+u f BC-BET-SAYS-RESULTS-SHOW   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BET SAYS RESULTS SHOW STRATEGY IS WORKING</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>BET Plc &lt;BETL.L> said slightly higher
+than expected results for the year to March showed that its
+strategy was working. BET raised pretax profits in the year to
+157.4 mln stg from 124.6 mln previously.
+    It had continued to build on a range of complementary
+services through a combination of organic growth and carefully
+targetted acquisitions.
+    A company statement said it was confident that the figures
+would provide an effective springboard for the broadening of
+its shareholder base, particularly through the issue of
+American Depositary Receipts in the U.S. Later this year.
+    BET also said it was appointing Sir Timothy Bevan, formerly
+chairman of Barclays Plc to replace Sir Hugh Dundas when he
+retires as Chairman in December.
+    BET's net debt fell four pct in the year to 262 mln stg
+with gearing down to 63 pct from 65 pct.
+    Returns on assets, sales  and capital employed showed
+further improvement in the period.
+    BET shares at 0907 GMT were quoted at 291p, one penny
+firmer on last night's close.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6264" NEWID="18512">
+<DATE>18-JUN-1987 05:25:17.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2406&#31;reute
+b f BC-EC-FARM-MINISTERS-END   06-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FARM MINISTERS END MEETING WITHOUT PRICE ACCORD</TITLE>
+<DATELINE>    LUXEMBOURG, June 18 - </DATELINE><BODY>European Community farm ministers
+plunged the bloc into a crisis today by ending a marathon
+negotiation on 1987/88 farm prices without agreement.
+    Their chairman, Belgian Paul de Keersmaeker, told a press
+conference this morning ministers gave a majority vote in
+favour of all aspects of an EC Commission compromise proposal
+introduced on Tuesday.
+    However, the minority against the crucial plan for a tax on
+vegetable and marine oils and fats was big enough to block its
+adoption, and British Agriculture Minister John MacGregor said
+other aspects of the proposals are likely to be vetoed.
+    MacGregor said the meeting foundered in part because of an
+implicit indication from the West Germans that they were
+prepared to veto two other aspects of the package, the future
+monetary compensatory amounts system and proposals directly
+connected with common prices.
+    De Keersmaeker said he will now consider when ministers
+should be called for further talks, but diplomats said the
+outcome of the meeting makes it almost certain the major
+outstanding issues will be referred to EC heads of government
+who hold a summit meeting on June 29 and 30 in Brussels.
+    A Commission official said the Commission will work out
+stopgap measures which it will bring in on July 1 if the
+deadlock persists. These will concern products such as cereals,
+colza, sugar, beef and milk, for which there would otherwise be
+no legal EC regulations from that date.
+    Trade sources expect these will include a seven pct cut in
+guaranteed prices for most cereals.
+    The official said the measures "will take into account the
+situation in the market, but also the EC's severe budgetary
+situation."
+    The Commission was expecting an EC budget deficit this year
+of almost six billion dlrs even before it presented its
+compromise, which would have cost almost one billion more. It
+estimates the oils and fats tax would bring in 2.3 billion dlrs
+in a full year.
+    Diplomats said Britain, West Germany and the Netherlands
+maintained their opposition to the tax despite Commission
+attempts to persuade them it would not unfairly hit exports
+from countries outside the EC.
+    They added Denmark did not formally state its final
+position but was understood to remain against.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6265" NEWID="18513">
+<DATE>18-JUN-1987 05:27:08.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>douglas</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2411&#31;reute
+u f BC-NEW-ZEALAND-TO-CLOSE   06-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND TO CLOSE TAX LOOPHOLES</TITLE>
+<DATELINE>    WELLINGTON, June 18 - </DATELINE><BODY>Finance Minister Roger Douglas said
+New Zealand would enact legislation to prevent local companies
+and individuals from using overseas tax havens.
+    The government would also outlaw the practice of double
+deduction of losses by dual resident companies, known as "double
+dipping," Douglas said in a budget statement.
+    The anti-tax-haven legislation would affect non-resident
+entities, such as companies and trusts, set up in low tax
+countries and earning mainly passive investment income, Douglas
+said.
+    A consultative document will be released in September
+explaining the proposed legislation, and a consultative
+committee will then receive public submissions and advise the
+government on implementation, Douglas said.
+    The legislation would attack tax avoidance but not genuine
+business activity, he added.
+    He said some New Zealand residents were avoiding New
+Zealand tax entirely by setting up non-resident entities in tax
+havens, which intercepted and gathered income taxable in New
+Zealand.
+    In a move to counter "double dipping," the government would
+no longer allow dual resident companies to group their losses,
+Douglas said.
+    The proposed legislation would require them to carry tax
+losses forward to be offset against future profits, effective
+for income years starting after December 17, 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6266" NEWID="18514">
+<DATE>18-JUN-1987 05:29:09.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2418&#31;reute
+u f BC-LONDON-INTERNATIONAL   06-18 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LONDON INTERNATIONAL RAISE PROFITS BY 3.05 MLN</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Year to March 31
+    Final dividend 3.65p vs 3.1p making 5.4p vs 4.6p
+    Share 14.11p vs 12.13p
+    Pre-tax profit 27.11 mln stg vs 24.06 mln
+    Net profit 18.12 mln vs 15.21 mln
+    Turnover 252.11 mln vs 225.29 mln
+    Note - London International Group Plc &lt;LONL.L> said that
+sharply increased sales of condoms had led to a particularly
+strong start to the year and it had considerable confidence for
+the future. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6267" NEWID="18515">
+<DATE>18-JUN-1987 05:31:32.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2422&#31;reute
+u f BC-INDIAN-DEVELOPMENT-BA   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN DEVELOPMENT BANK TO RAISE 10 BILLION YEN</TITLE>
+<DATELINE>    BOMBAY, June 18 - </DATELINE><BODY>The state-owned Industrial Development
+Bank of India (IDBI) has given &lt;Morgan Guaranty Ltd, Hong Kong>
+the mandate to arrange a 10 billion yen loan in Japan, a senior
+IDBI official told Reuters.
+    The 15-year loan, to be signed next month, carries interest
+pegged to the Japanese long-term prime rate, now at around five
+pct per annum, said the official who declined to be named.
+    The loan will be IDBI's first foreign currency borrowing
+for the financial year beginning July 1, 1987, he said without
+specifying IDBI's total targetted borrowings for the year.
+    IDBI, which has raised 85 mln dlrs in Euroloans and 100 mln
+Swiss Francs in 1986/87, first entered the Japanese market in
+1984/85 by raising two loans of five billion yen each, followed
+by a 10 billion Euroyen loan last year.
+    IDBI lends foreign currency funds to local industrial
+borrowers to help them import capital goods.
+    Bankers said the Industrial Credit and Investment Corp of
+India, India's only private sector financial institution, is
+holding talks with foreign banks on arranging a loan of 10
+billion yen. They said India's commercial borrowings in 1987/88
+may remain at the 1986/87 level of 1.5 billion dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6268" NEWID="18516">
+<DATE>18-JUN-1987 05:33:42.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2426&#31;reute
+u f BC-NEW-ZEALAND-TAX-IMPUT   06-18 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND TAX IMPUTATION SYSTEM BY 1988/89</TITLE>
+<DATELINE>    WELLINGTON, June 18 - </DATELINE><BODY>Finance Minister Roger Douglas said
+the government would introduce a full tax imputation system on
+dividends effective from the 1988/89 income year.
+    Confirming the government's timetable for the imputation
+system, which had been announced in earlier budgets, Douglas
+said in a statement that the system would substantially reduce
+the influence of the tax system on companies' financial
+policies and investment strategies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6269" NEWID="18517">
+<DATE>18-JUN-1987 05:35:59.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2430&#31;reute
+u f BC-TOYOTA-AND-NISSAN-EXP   06-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA AND NISSAN EXPORTS FALL IN MAY</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>Toyota Motor Corp &lt;TOYO.T> and Nissan
+Motor Co Ltd &lt;NSAN.T> both said May vehicle exports fell from a
+year earlier mainly due to the yen rise against the dollar.
+    Toyota's exports fell 9.5 pct from a year earlier to
+161,266 vehicles in May while Nissan's fell 17.6 pct to
+100,221.
+    Toyota's exports to the U.S. Fell 13.9 pct from a year
+earlier to 90,096 in May and those to Europe fell 2.8 pct from
+a year earlier to 34,876.
+    Nissan's exports to the U.S. Fell 25.4 pct to 53,604 but
+those to Europe rose 0.7 pct to 29,721.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6270" NEWID="18518">
+<DATE>18-JUN-1987 05:36:27.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2431&#31;reute
+f f BC-Belgium-cuts-three-mo   06-18 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Belgium cuts three month treasury certificate rate 0.10
+points to 6.85 pct - official
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6271" NEWID="18519">
+<DATE>18-JUN-1987 05:41:41.80</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2442&#31;reute
+u f BC-TOSHIBA,-SHARP-RESTRA   06-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOSHIBA, SHARP RESTRAIN LAP-TOP PC EXPORTS TO EC</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>Toshiba Corp &lt;TSBA.T> and Sharp Corp
+&lt;SHRP.T> decided to maintain exports of lap-top personal
+computers to the European Community (EC) at last year's levels,
+despite the halt of shipments to the U.S., Company spokesmen
+told Reuters.
+    They said the voluntary restraints were aimed at averting
+EC sanctions urged by European computer makers. The Europeans
+feared Japanese personal computers would flood EC markets after
+Washington imposed 100 pct tariffs last April.
+    Toshiba and Sharp together control about 40 pct of the
+personal computer market in the EC, the Sharp spokesman said.
+    Toshiba said exports of T1100 and T3100 lap-top computers
+would continue at 5,000 units a month for the time being.
+    Sharp said exports to the EC of PC 7000 series lap-top
+personal computers would continue at last year's level of
+12,000 to 16,000 units a year.
+    Washington imposed the tariffs because of Japan's alleged
+failure to uphold a 1986 agreement on semiconductor trade.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6272" NEWID="18520">
+<DATE>18-JUN-1987 05:49:04.79</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2459&#31;reute
+b f BC-BELGIUM-CUTS-TREASURY   06-18 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM CUTS TREASURY CERTIFICATE RATES</TITLE>
+<DATELINE>    BRUSSELS, June 18 - </DATELINE><BODY>The Belgian National Bank said it cut
+one, two, and three month treasury certificate rates, all by
+0.10 points, effective immediately.
+    The cuts take the one month rate to 6.75 pct, the two month
+rate to 6.80 pct and the key three month rate to 6.85 pct, the
+central bank said in a telex.
+    A National Bank spokesman said the modest cut was made
+after a decline in domestic money market rates yesterday, and
+was not expected to be followed by a cut in the 7.60 pct
+discount rate.
+    The short-term treasury certificate rates, and especially
+the three-month rate, have been the National Bank's main
+monetary policy instrument for the last two years.
+    The discount rate has been the market's penalty rate rather
+than a guiding rate since 1985, and its advances are currently
+little used as liquidity is ample, bank economists said.
+    The bank last cut one- to three-month certificate rates on
+June 5, also by 0.10 points.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6273" NEWID="18521">
+<DATE>18-JUN-1987 05:50:22.53</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2462&#31;reute
+u f BC-ARAB-HEAVY-TERM-CRUDE   06-18 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARAB HEAVY TERM CRUDE SUPPLIES TO JAPAN UP IN JULY</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>&lt;Aramco Corp> has accepted Japanese
+nominations to lift a higher proportion of Arab Heavy crude oil
+under term contracts in July, oil industry sources said.
+    Japanese companies requested a ratio of 80 pct Arab Heavy
+to 20 pct Arab Light under a term contract agreement with
+Aramco for 100,000 barrels per day, the sources said. The
+contractual ratio is 30 pct heavy crude to 70 pct light.
+    Japanese demand for heavy crude oil has increased
+substantially since the All Japan Seaman's Union ceased sailing
+into the northern Mideast gulf last month, causing problems
+with liftings of heavy Kuwait and Khafji crudes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6274" NEWID="18522">
+<DATE>18-JUN-1987 05:57:43.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2478&#31;reute
+u f BC-TEHRAN-WITHDRAWS-MORE   06-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEHRAN WITHDRAWS MORE DIPLOMATS FROM BRITAIN</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Tehran Radio said all but one Iranian
+diplomat in London would return home within two weeks.
+    The report, monitored by the British Broadcasting Corp,
+followed an announcement by the Foreign Office in London that
+Britain had withdrawn four of its six remaining diplomats in
+Tehran.
+    They were the latest moves in a diplomatic row between the
+two countries that started with the arrest of an Iranian
+consular official in England followed by the abduction of a
+British envoy in Tehran, who was later freed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6275" NEWID="18523">
+<DATE>18-JUN-1987 05:58:11.02</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2480&#31;reute
+u f BC-INDONESIA-CUTS-JULY-C   06-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA CUTS JULY CRUDE SUPPLIES TO JAPAN</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>Indonesia's state oil company, Pertamina,
+has informed its affiliated Japanese companies that crude oil
+supplies will be 40 pct less than contractual volumes in July,
+a spokesman for an affiliated company said.
+    He said the allocations were in line with Indonesia's
+production ceiling under its current OPEC quota, so they might
+be increased if OPEC ratifies a production rise next week.
+    Allocations of Indonesia's main traded crude, Minas, had
+been cut by 50 pct and Duri by 38 pct, he said.
+    Last month contractual volumes were cut by 30 pct.
+    Contractual volumes assume no production ceiling.
+    Oil traders said Indonesian grades were already trading
+above their official selling prices (osp) on the spot market
+due to strong demand from Japan and the U.S. And tight
+supplies.
+    A cargo of Duri loading in July was reportedly traded
+yesterday at 70 cents over its osp of 15.60 dlrs per barrel and
+Minas is trading about 20 cents higher, they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6276" NEWID="18524">
+<DATE>18-JUN-1987 05:59:34.48</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2482&#31;reute
+f f BC-FRENCH-OFFICIAL-RESER   06-18 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH OFFICIAL RESERVES 420.50 BILLION FRANCS IN MAY VS
+420.24 BILLION APRIL - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6277" NEWID="18525">
+<DATE>18-JUN-1987 06:09:33.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D><D>vietnam</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2493&#31;reute
+u f BC-VIETNAM-PARLIAMENT-FI   06-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIETNAM PARLIAMENT FIRES PRIME MINISTER, PRESIDENT</TITLE>
+<DATELINE>    BANGKOK, June 18 - </DATELINE><BODY>Vietnam's parliament sacked Prime
+Minister Pham Van Dong and President Truong Chinh, but the
+choice of their successors indicated the influence of the old
+guard may not be over, diplomatic sources said.
+    Dong, prime minister for 32 years, left in fading health at
+the age of 81. He is a popular hero of wars against France and
+the United States and a staunch ally of the Soviet Union.
+    Parliament replaced him with second-ranked politburo member
+Pham Hung, 74, the Vietnam News Agency said. Hung headed the
+Viet Cong guerrillas in the Vietnam War.
+    Diplomats in Bangkok said Hung, not a noted supporter of
+economic and political reforms, had been widely tipped for the
+less important presidency.
+    That post went instead to Vo Chi Cong, a technocrat who
+ranks third in the politburo. Diplomatic sources said Cong was
+more in tune with the national economic and political changes
+being pushed by reformists who apparently had gained the upper
+hand in the all-important politburo in December.
+    Chinh, a hardline Marxist and a veteran of the wars against
+France and the U.S., Was ousted at the age of 80. His political
+stance had recently softened, the sources said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6278" NEWID="18526">
+<DATE>18-JUN-1987 06:20:25.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2503&#31;reute
+u f BC-MAZDA-SEES-50.8-PCT-D   06-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAZDA SEES 50.8 PCT DROP IN 1986/87 CURRENT PROFIT</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>Mazda Motor Corp &lt;MAZT.T> predicted a
+parent company current profit of 10 billion yen in the year
+ending October 31, 1987, down 50.8 pct from a year earlier,
+assuming a yen/dollar value at 147 yen, vice president
+Yoshihiro Wada told a press conference.
+    Sales in 1986/87 were estimated at 1,640 billion yen, up
+0.9 pct from a year earlier.
+    The company earlier posted a parent net profit of 1.59
+billion in the first half ended April 30, down 76.9 pct from a
+year earlier, on sales of 804.02 billion, down 4.2 pct.
+    The fall was due to the yen rise against the dollar which
+cut 55 billion yen off sales, Wada said. The average value of
+the dollar was 155 yen in the period from 190 a year earlier.
+    Mazda estimated vehicle exports at 1.12 mln, including kit
+parts, in the year to October 31, up 6.8 pct from a year
+earlier, and domestic sales at 360,000, up 0.8 pct, he said.
+    Kit exports should rise because kits sold to Kia Motor Corp
+&lt;KIAM.SE> unit &lt;Kia Industrial Corp>, which is eight pct owned
+by Mazda, and to a Mexico unit of Ford Motor Co &lt;F> will rise
+to 150,000 from 9,000, pushing kit exports up 45.3 pct to
+260,000, he said.
+    Mazda has yet to decide whether to pay an unchanged four
+yen dividend for the second half, but it will pay an unchanged
+3.50 yen for the first half, Wada said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6279" NEWID="18527">
+<DATE>18-JUN-1987 06:24:11.74</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2511&#31;reute
+b f BC-FRENCH-OFFICIAL-RESER   06-18 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH OFFICIAL RESERVES RISE IN MAY</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>French official reserves rose 258 mln
+francs in May to 420.50 billion francs from 420.24 billion at
+the end of April, the Finance Ministry said.
+    The slight rise partly reflected the repayment last month
+of France's outstanding 11.95 billion francs of debt owed to
+the European Monetary Cooperation Fund (FECOM).
+    It also reflected a negative 314 mln franc position with
+France's Exchange Stabilisation Fund after intervention
+purchases of 10.6 billion francs during May.
+    Foreign currency holdings fell 7.28 billion francs to
+124.58 billion while ECU holdings fell by 5.55 billion francs
+to 58.52 billion due to the repayment of part of France's debt
+owed to the FECOM and Stabilisation Fund operations, the
+ministry said.
+    Claims on the IMF rose 1.14 billion francs to 18.97
+billion, including a 385 mln franc increase in France's reserve
+position with the IMF and a 751 mln franc rise in holdings of
+Special Drawing Rights.
+    Gold holdings were unchanged at 218.46 billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6280" NEWID="18528">
+<DATE>18-JUN-1987 06:26:14.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2515&#31;reute
+u f BC-AIR-NEW-ZEALAND-WELCO   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR NEW ZEALAND WELCOMES GOVERNMENT SHARE SALE</TITLE>
+<DATELINE>    WELLINGTON, June 18 - </DATELINE><BODY>The New Zealand government's sale of
+a 25 pct stake in Air New Zealand would release the airline
+from the shackles of burdensome government processes, managing
+director Norman Geary told reporters.
+    Civil Aviation minister Richard Prebble said today the
+government would sell 25 pct of the airline to the public.
+    Geary said the company had proposed the sale in 1984.
+    "With our company we believe there will be considerable New
+Zealand interest (in the shares) and we would hope for a strong
+private interest," he said.
+    Geary said he was keen to see a large staff shareholding.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6281" NEWID="18529">
+<DATE>18-JUN-1987 06:26:42.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2517&#31;reute
+r f BC-YUGOSLAVIA-SIGNS-FOR   06-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA SIGNS FOR 550 MLN ECU LOAN</TITLE>
+<DATELINE>    BELGRADE, June 18 - </DATELINE><BODY>Yugoslavia has signed up for a 550 mln
+ECU loan from the European Community (EC), the  official Tanjug
+news agency said.
+    It said the agreement, which has yet to be ratified by the
+12 EC countries and the European Parliament, was signed last
+night in Brussels.
+    The 20 year, 7.5 pct interest loan will be used to complete
+the trans-Yugoslavia motorway and modernise the country's
+railway network, the agency said.
+    Yugoslavia's request for a 100 mln ECU grant was refused by
+the EC, but will be discussed again, Tanjug added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6282" NEWID="18530">
+<DATE>18-JUN-1987 06:28:07.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2520&#31;reute
+u f BC-FRENCH-STATE-SELL-OFF   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH STATE SELL-OFFS RAISE 52 BILLION FRANCS</TITLE>
+<DATELINE>    PARIS, June 17 - </DATELINE><BODY>The French government's privatisation
+program, which began late last year, has earned the French
+State about 52 billion francs to date, the Finance Ministry
+said.
+    Sources close to Finance Minister Edouard Balladur said the
+revenues raised from the privatisation program would be used in
+priority to pay off public debt, which stood at 398.2 billion
+at the end of 1986.
+    The Ministry said in a communique that the returns included
+banking group Societe Generale &lt;SGEN.PA>, which began its
+two-week public flotation last Monday.
+    The government has carried out eight flotations, as well as
+the private sale of telephone group &lt;Cie Generale de
+Constructions Telephoniques> (CGCT) since its denationalisation
+scheme began last December with the sell-off of glass makers
+Saint-Gobain &lt;SGEP.PA>, it added.
+    The government has pledged to privatise 66 state-owned
+industrial, banking and insurance companies by 1991.
+    Other companies to be sold to the private sector in the
+near future are television network TF-1 later this month and
+banking group Cie Financiere de Suez &lt;FSPP.PA> in the autumn.
+    The ministry said TF-1's forthcoming sell-off meant that a
+third of the government's programme would have been completed
+in less than nine months.
+    Balladur on Sunday rejected press and opposition charges
+that the share prices for privatised companies had been pitched
+too low.
+    He said that the average premium of shares trading on the
+Bourse was between 15 and 30 pct over their offer price. This
+compared with premiums of between 60 and 80 pct on similar
+share flotations in Britain.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6283" NEWID="18531">
+<DATE>18-JUN-1987 06:29:42.66</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>fiji</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f2521&#31;reute
+u f BC-FIJI-MAKES-SUGAR-PAYM   06-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIJI MAKES SUGAR PAYMENT TO GET HARVEST STARTED</TITLE>
+<DATELINE>    SUVA, June 18 - </DATELINE><BODY>Fiji sugar farmers will receive an interim
+payment on the 1986 crop, four months ahead of schedule, in a
+move aimed at getting harvesting of the drought-hit 1987 crop
+under way, Governor-general Ratu Sir Penaia Ganilau said.
+    Industry sources said latest forecasts for the 1987 crop
+indicated output of 360,000 tonnes, well down on the record
+501,800 tonne tel quel production in the 1986 (May-December)
+crop year.
+    The previous record was set in 1982 when Fiji produced
+486,790 tonnes.
+    For the past month Fiji sugar farmers have delayed
+harvesting the 1987 crop pending a response from the
+Governor-general to demands following the May 14 coup.
+    Ganilau said in a statement the Fiji Sugar Corp would make
+a payment of five dlrs per tonne against the final payment for
+the 1986 crop on the understanding that preparations by growers
+for commencement of harvesting would be completed at all mills
+by June 23.
+    Crushing would commence at Labasa and Penang mills on June
+23 and at Lautoka and Rarawai mills on June 30, he said.
+    The interim payment, to be made on or about June 30, is the
+full amount of the grower's share of 1986 sugar proceeds
+received to-date. The balance will be paid in October.
+    Growers had also called for the full 1987 forecast price of
+23.50 dlrs per tonne of cane to be paid in cash on delivery to
+the mill, but this has been rejected by the state controlled
+Fiji Sugar Corp, Ganilau said.
+    However, in addition to the scheduled delivery payment of
+14.10 dlrs, an additional sum of 2.35 dlrs, or 10 pct of the
+forecast price, would be paid on December 15, on all cane
+harvested by November 30, he said.
+    Ganilau said, "This will be at least one month in advance of
+the expected date of payment of the second payment of cane. The
+balance of the second payment will be made six weeks after the
+end of crushing."
+    Another demand of Fiji's 22,000 small farmers was that an
+estimated 14 mln dlr loan from the Fiji Development Bank (FDB)
+for the 1983 cane crop rehabilitation programme be written off.
+The FDB rejected this request.
+    Ganilau said, however, "The bank is prepared to carefully
+consider requests for rescheduling loan repayments in cases of
+hardship on a case-by-case basis."
+    In response to a further demand that all soldiers be
+removed from the cane growing areas, Ganilau said the army
+would restrict its presence in the cane areas.
+    He said he had directed the authorities to issue permits to
+harvesting gangs, cane growers and sugar industry trade unions
+to hold the necessary meetings in preparation for the
+commencement of harvest.
+    Senior representatives of the sugar cane growers had
+indicated a desire to commence the crush as soon as possible,
+he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6284" NEWID="18532">
+<DATE>18-JUN-1987 06:30:06.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f2523&#31;reute
+u f BC-JAPAN-INSTITUTIONS-EY   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN INSTITUTIONS EYEING T-BOND INVESTMENT WARILY</TITLE>
+<AUTHOR>    By Ayumu Murano, Reuters</AUTHOR>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>Some major Japanese institutional
+investors are gradually returning to investing in U.S.
+Treasuries, although fear that the dollar has not yet bottomed
+out has kept others cautiously waiting on the sidelines.
+    Trust banks and some investment trusts are starting to look
+at buying treasuries for short-term gains, while other
+investment trusts and most life insurers are still wary,
+according to fund managers polled by Reuters.
+    The five percentage point gap between U.S. And Japanese
+long-term bonds is the major attraction of T-bonds.
+    Most institutions remain sensitive to the prospects of
+dollar declines, after making huge foreign exchange losses on
+their foreign bond holdings last fiscal year ended March.
+    The seven leading local life insurers alone saw losses on
+their foreign bond holdings of over 1,700 billion yen, or some
+11.5 billion dlrs, in 1986/87, industry sources said.
+    However, most institutional investors want to buy U.S.
+T-bonds due to the absence of profitable domestic instruments.
+    "Despite all the negative factors, we have definite demand
+for U.S. Securities," said Osamu Fukushima, deputy manager of
+Mitsui Trust and Banking Co Ltd's securities department.
+    Another trust bank fund manager said, "What matters the most
+are the fundamentals of the U.S. Economy and the
+competitiveness of U.S. Industry. We are closely watching the
+growth of U.S. Exports, which is an important measure of the
+fundamental strength of the dollar." The U.S. Trade deficit's
+decline in April was due to a 1.2 billion dlr decline in
+imports, while exports did not show a recovery, he said.
+    One life insurance company fund manager said, "We doubt the
+U.S. Government will fight the trade and fiscal deficits,
+especially after the announcement of Federal Reserve Board
+chairman Paul Volcker's resignation."
+    "The receptive stance of the U.S. Congress on the call for
+further dollar falls to cut the country's trade deficit also
+makes us wary about U.S. Bonds purchases," the life insurance
+company fund manager said.
+    Yuji Miyaji, deputy manager of the Sumitomo Trust and
+Banking Co Ltd's securities investment department, said, "We are
+slowly starting to buy U.S. Bonds because the gap of over 500
+basis points between the U.S. And Japan is very attractive
+However, we are pessimistic on the dollar's further recovery.
+We find that U.S. Economic fundamentals have not changed so
+far."
+    Keijirou Fukushima, manager at Yamaichi Investment Trust
+Management Co Ltd's bond portfolio management department, said,
+"We would like to invest in U.S. Bonds gradually, given an
+improved inflation outlook and the limited chances of a further
+steep fall in the dollar from now."
+    "We have already reduced forward dollar selling volume to 40
+pct of our total foreign assets from 60 pct," he said.
+    Another life insurance company fund manager said, "We have
+started investing in U.S. Treasury securities, but only on a
+trading basis."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6285" NEWID="18533">
+<DATE>18-JUN-1987 06:30:08.69</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2524&#31;reute
+f f BC-UK-MAY-ADJUSTED-UNEMP   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UK MAY ADJUSTED UNEMPLOYMENT FALLS RECORD 64,300 TO 2.95
+MLN OR 10.6 PCT - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6286" NEWID="18534">
+<DATE>18-JUN-1987 06:30:10.80</DATE>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2525&#31;reute
+f f BC-UK-AVERAGE-EARNINGS-R   06-18 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UK AVERAGE EARNINGS ROSE 6.5 PCT IN YEAR TO APRIL,
+UNDERLYING RISE 7.75 PCT - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6287" NEWID="18535">
+<DATE>18-JUN-1987 06:30:29.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2527&#31;reute
+f f BC-U.K.-MANUFACTURING-WA   06-18 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. MANUFACTURING WAGE COSTS RISE 1.0 PCT IN YEAR TO
+APRIL (MARCH 0.7 PCT RISE) - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6288" NEWID="18536">
+<DATE>18-JUN-1987 06:31:21.77</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2529&#31;reute
+f f BC-U.K.-APRIL-INDUSTRIAL   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. APRIL INDUSTRIAL OUTPUT RISES 0.3 PCT, MANUFACTURING
+UP 0.55 PCT - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6289" NEWID="18537">
+<DATE>18-JUN-1987 06:31:42.45</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2530&#31;reute
+f f BC-U.K.-MAY-ADJUSTED-M3   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. MAY ADJUSTED M3 RISES PROVISIONAL 2.1 PCT, M0 UP 0.5
+PCT - BANK OF ENGLAND
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6290" NEWID="18538">
+<DATE>18-JUN-1987 06:32:07.69</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2532&#31;reute
+f f BC-MAY-AJUSTED-STERLING   06-18 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MAY AJUSTED STERLING BANK LENDING UP 2.7 BILLION STG
+AFTER 1.5 BILLION IN APRIL - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6291" NEWID="18539">
+<DATE>18-JUN-1987 06:33:36.32</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2535&#31;reute
+b f BC-U.K.-UNEMPLOYMENT-FAL   06-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. UNEMPLOYMENT FALLS BELOW THREE MLN IN MAY</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>U.K. Unemployment fell a record
+provisional, seasonally-adjusted 64,300 in May to a total 2.95
+mln or 10.6 pct of the workforce, the Employment Department
+said.
+    In April, seasonally-adjusted unemployment fell by an
+upwardly revised 21,600 to 3.02 mln or 10.9 pct, it said.
+    The unadjusted jobless total in May, including school
+leavers, alos fell a record 121,000 to 2.99 mln or 10.8 pct
+from April's 3.11 mln, 11.2 pct.
+    May was the eleventh successive decline from a peak last
+summer of 11.6 pct, the Employment Department said.
+    "Unemployment has fallen to under three mln for the first
+time in over three years. The May fall of 64,000 was the
+largest drop since records were first kept (in 1948),"
+Employment Minister Norman Fowler said.
+    All regions have seen above average falls in long term
+unemployment during the past year, he added.
+    The last time the adjusted total of unemployed was below
+three mln was July 1984, while the unadjusted total was last
+below this level in June 1983.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6292" NEWID="18540">
+<DATE>18-JUN-1987 06:35:39.08</DATE>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2537&#31;reute
+b f BC-U.K.-EARNINGS-UP-UNDE   06-18 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. EARNINGS UP UNDERLYING 7.75 PCT IN APRIL</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>U.K. Average earnings rose a seasonally
+adjusted 6.5 pct in the year to end-April, after increasing by
+6.7 pct annually in March, the Employment Department said.
+    The April index, base 1980, was set at a provisional,
+seasonally-adjusted 197.3, up from 194.8 in March.
+    But the underlying rise was 7.75 pct, up 0.25 pct from
+March and back to the same level seen late last year.
+    The underlying rise is adjusted for factors such as
+back-pay and timing variations.
+    Unit wage costs in U.K. Manufacturing industry rose one pct
+in the year to April, after an upward revised rise of 0.7 pct
+in the period to March, the Department of Employment added.
+    In the three months to end-April, such costs were 0.9 pct
+higher, year-on-year, compared with a rise of 1.2 pct in the
+three months to March.
+    Manufacturing productivity in April was 6.1 pct higher than
+a year ago after a downward revised 6.8 pct increase in March.
+In the last three months period manufacturing productivity was
+up 6.7 pct, having increased 6.5 pct in the first quarter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6293" NEWID="18541">
+<DATE>18-JUN-1987 06:37:59.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2541&#31;reute
+b f BC-U.K.-CLEARING-BANK-LE   06-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. CLEARING BANK LENDING RISES SHARPLY IN MAY</TITLE>
+<DATELINE>    LONDON, May 18 - </DATELINE><BODY>Clearing bank sterling lending to the
+private sector in May is estimated to have risen by an
+underlying, seasonally adjusted 3.5 billion stg compared with
+1.3 billion stg in April and a recent monthly average of 1.4
+billion, the Banking Information Service said.
+    The unadjusted rise was 2.77 billion stg, up from 844 mln
+in April.
+    The May surge in borrowing from the clearing banks was
+prompted by the fall in base rates, which reached nine pct on
+May 11, the Banking Information Service said. Borrowing through
+bill finance and other sources shrank.
+    The increase in lending in May was seen in most categories,
+the Banking Information Service said.
+    In the personal sector, on an unadjusted basis, mortgage
+lending rose 544 mln stg compared with 471 mln in April.
+General consumption went up 399 mln against 355 mln, though
+credit card debt rose only 55 mln compared with 161 mln.
+    Financial sector borrowing was up 734 mln stg in May
+compared with a net repayment of 60 mln the previous month.
+    Unadjusted private sector deposits increased by 2.37
+billion stg against 1.16 billion. Sterling attracted an extra
+955 mln stg in deposits from abroad after little change in
+April.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6294" NEWID="18542">
+<DATE>18-JUN-1987 06:41:49.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2550&#31;reute
+u f BC-INVESTIGATORS-SAY-AIR   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTIGATORS SAY AIR LANKA LOSSES DEVASTATING</TITLE>
+<AUTHOR>    By Marilyn Odchimar, Reuters</AUTHOR>
+<DATELINE>    COLOMBO, June 18 - </DATELINE><BODY>A commission set up to unravel the
+affairs of debt-ridden Air Lanka says the airline amassed
+losses of up to 265 mln U.S. Dlrs in "the most devastating
+financial tragedy" in Sri Lankan commercial history.
+    The commission, which scrutinised financial dealings from
+aircraft acquisitions to give-away cookbooks, blamed the
+airline's previous board for the losses. The panel, appointed
+in August by President Junius Jayewardene, submitted its report
+to him on April 20. A copy was obtained by Reuters. The report
+will be made available to the public by next week.
+    The three-man commission recommended its findings be passed
+to state law officers to decide whether penal action was
+necessary against any members of the former board or Air
+Lanka's management. The airline comes under the Defence
+Ministry, a portfolio held by Jayewardene himself.
+    The commission said Air Lanka's reports to Jayewardene
+"blurred" its true financial health. It said the airline had
+irretrievably lost its share capital of 3.8 billion rupees.
+    To finance deficits, it had also used up a treasury loan of
+800 mln rupees and part of foreign currency loans obtained for
+aircraft purchases and infrastructure needs, it said.
+    "Air Lanka is thus indebted to overseas lenders to the value
+of one billion rupees without any productive assets or
+collateral to provide for its repayment," the commission said.
+    It said the airline's losses were assessed at 5.59 billion
+rupees at March 31, 1986. But cumulative losses would reach 7.7
+billion, implying Air Lanka lost money at the rate of 1.3
+billion rupees a year between 1979, when it started, and 1986.
+    "These results must rank as the most devastating financial
+tragedy ever suffered in Sri Lanka's commercial history," the
+commission said.
+    The report said the airline's dangerously critical
+financial condition was due to uncontrolled spending --
+particularly the way in which the airline expanded its fleet --
+poor marketing, and extreme laxity in cost controls.
+    "It is clear to us that Air Lanka's misfortunes are largely
+of its own creation and that the reponsibility must rest
+primarily with the board of directors," it said.
+    Air Lanka had blamed its problems on the effects on tourism
+of Sri Lanka's Tamil separatist rebellion, the depreciating
+rupee and under-capitalisation. The commission dismissed these
+as invalid.
+    The report said most of the major problems stemmed from
+concentration of power by Captain S.R. Wikramanayake who held
+the posts of both chairman and managing director.
+    "It is mainly he who has to be responsible for whatever the
+status of Air Lanka is in today," it said.
+    Wikramanayake resigned with the other board members last
+November. He could not be contacted for comment.
+    The commission recommended that its findings should be
+passed "to the law officers of the state ... To ascertain if
+penal action is necessary against any or all members of the
+former board of Air Lanka or its management staff."
+    The panel recommended equity involvement of one or more
+foreign airlines in Air Lanka and the granting of maximum
+concessions to make the carrier attractive to foreign and local
+investment. It also suggested selling assets, such as two
+Boeing 747s financed by U.S. Dollar loans, to reduce debt.
+    It said Air Lanka and the government should renegotiate
+U.S. Dollar-denominated debts into other currencies which form
+the core of earnings and obtain lower interest rates. It also
+proposed negotiations for the return of two Lockheed Tristar
+L1011-500s now leased to British Airways before the leases
+expire next March.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6295" NEWID="18543">
+<DATE>18-JUN-1987 06:42:19.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2553&#31;reute
+r f BC-ZURICH-FAVOURS-TIGHT   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZURICH FAVOURS TIGHT "MONEY LAUNDERING" LAW</TITLE>
+<DATELINE>    ZURICH, June 18 - </DATELINE><BODY>The cantonal government of Zurich wants a
+proposed federal law making "money laundering" an offence to
+punish negligence and not just gross negligence, the cantonal
+information service said.
+    The Zurich authorities said they supported proposals
+unveiled by the federal government in February to make it a
+crime for anyone to conceal the origin of money which they have
+reason to believe was obtained by criminal means.
+    But they argued in a submission on the proposals that the
+duty of care imposed on financial institutions should make them
+liable for any negligence.
+    The federal government's proposals, which are being
+circulated for comment before a formal bill is put before
+parliament, would make only gross negligence an offence.
+    The new legislation, which is aimed mainly at combatting
+organised crime, is likely to take effect in the early 1990s.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6296" NEWID="18544">
+<DATE>18-JUN-1987 06:45:35.96</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f2563&#31;reute
+u f BC-TAIWAN-TO-REOPEN-TEND   06-18 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN TO REOPEN TENDER FOR U.S. SOYBEANS</TITLE>
+<DATELINE>    TAIPEI, June 18 - </DATELINE><BODY>The joint committee of Taiwan's soybean
+importers will reopen a tender tomorrow for two shipments of
+54,000 to 66,000 tonnes of U.S. Soybeans, a committee spokesman
+told Reuters.
+     The committee rejected a tender today for a cargo of
+27,000 to 33,000 tonnes on the grounds the prices offered by
+the U.S. Suppliers were too high, he said.
+    The committee will be seeking a further shipment of between
+27,000 and 33,000 tonnes when it reopens the tender tomorrow,
+he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6297" NEWID="18545">
+<DATE>18-JUN-1987 06:52:00.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2571&#31;reute
+u f BC-AMRO-LINES-UP-FIRST-G   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMRO LINES UP FIRST GUILDER MULTI-OPTION FACILITY</TITLE>
+<DATELINE>    AMSTERDAM, June 18 - </DATELINE><BODY>Amro Bank said it is arranging the
+first guilder multi-option facility for Greenland NV in a loan
+package of up to 300 mln guilders.
+    The package consists of a 150 mln guilder, five year
+multi-option facility with a tender panel facility for short
+term advances and a back stop by the syndicate at 0.5 pct above
+the London Inter Bank Offered Rate (LIBOR)
+    There is also a 150 mln guilder, seven year multi-currency
+term facility at LIBOR plus 0.375 pct for the first three
+years, at LIBOR plus 0.5 pct for the fourth and fifth year, and
+at LIBOR plus 0.625 pct for the remaining two years.
+    Greenland has an option to fix the second facility.
+    Both facilities have a commitment fee of 0.125 pct.
+    Greenland NV, a producer of agricultural machines, is a
+subsidiary of the Thyssen-Bornemisza Group. The firm will be
+floated on the Amsterdam and Toronto stock exchanges in the
+second half of July.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6298" NEWID="18546">
+<DATE>18-JUN-1987 06:54:48.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2577&#31;reute
+u f BC-HONDA-EXPORTS-FALL-IN   06-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONDA EXPORTS FALL IN MAY</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>Honda Motor Co Ltd &lt;HMC.T> said its
+vehicle exports in May fell 11.4 pct from a year earlier to
+54,982.
+    Honda shipped 34,701 vehicles to the U.S. In May, up 4.4
+pct from a year earlier, but total shipments to North America
+fell 8.3 pct to 39,009, due to increased assembly there, a
+company spokeswoman said.
+    Exports to Europe fell 24.8 pct to 12,821, she added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6299" NEWID="18547">
+<DATE>18-JUN-1987 07:01:26.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2583&#31;reute
+u f BC-ATT/PHILIPS-VENTURE-G   06-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT/PHILIPS VENTURE GETS SPANISH GOVT APPROVAL</TITLE>
+<DATELINE>    HILVERSUM, Netherlands, June 18 - </DATELINE><BODY>ATT/Philips (APT), the
+joint venture between American Telephone and Telegraph Co &lt;T>
+of the U.S. And N.V. Philips Gloeilampenfabrieken &lt;PGLO.AS>,
+said the Spanish government had approved its setting up of a
+joint venture in Spain. The government had also awarded it an
+order for the state-controlled Compania Telefonica Nacional de
+Espana &lt;TELF.MA> (Telefonica), APT said.
+    APT will take a majority stake in a new company to be
+formed with the Spanish firm &lt;Amper> which will make
+transmission equipment for Telefonica.
+    The order is expected to be worth some 30 mln dlrs per
+year.
+    Further negotiations with Telefonica have yet to be
+concluded, however, an APT spokesman said.
+    For Philips, the order is an important first step into the
+Spanish market, a company spokesman said.
+   REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6300" NEWID="18548">
+<DATE>18-JUN-1987 07:03:04.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F 
+&#22;&#22;&#1;f2591&#31;reute
+u f BC-BANKAMERICA-ASKS-JAPA   06-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA ASKS JAPAN BANKS TO BUY SECURITIES</TITLE>
+<AUTHOR>    By Kunio Inoue, Reuters</AUTHOR>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>BankAmerica Corp &lt;BAC> asked Japanese
+commercial banks today to buy 350 mln dlrs in subordinated
+capital notes and preferred stock that it plans to issue to
+boost its equity base, a company spokesman said.
+    BankAmerica vice chairman Frank N. Newman held a meeting
+here today to outline its fund-raising plan to some 20 Japanese
+banks, he told Reuters.
+    He also stressed the company's efforts to streamline
+operations, by withdrawing from unprofitable energy-related
+areas to concentrate more on its Californian home base.
+    But Newman said the company had no intention of selling its
+ Seafirst Corp Subsidiary in Washington.
+    A document obtained by Reuters shows the fund-raising
+effort involves 250 mln dlrs in 12-year subordinated capital
+notes and 100 mln in convertible preferred stock.
+    It has made a shelf registration with the SEC so that it
+can issue debt securities whenever market conditions are
+favorable.
+    The company already raised 100 mln dlrs in the U.S. Market
+last month, he added.
+    According to the document, the 250 mln dlrs in subordinated
+capital notes will carry an interest rate of 100 basis points
+over the three-month London Interbank Offered Rate (LIBOR). The
+minimum rate will be six pct and the maxiumum 12 pct.
+    The notes will be redeemable at par after four years and
+will also have warrants attached to purchase the firm's common
+stock at 17.50 dlrs. There will be 7.5 mln warrants in all,
+with a term of 10 years.
+    The planned convertible preferred stock will carry a
+dividend rate equivalent to three months LIBOR plus an as yet
+undecided premium, the document said. There will be no sinking
+fund for the preferred stock, which will have 10-year warrants
+attached to buy BankAmerica common stock.
+    The rest of the details of the preferred stock issue have
+yet to be worked out.
+    On both the preferred stock and note issues, BankAmerica
+said that a fixed rate alternative was possible.
+    The document said that BankAmerica was also open to raising
+funds in yen, if that was desirable for the Japanese.
+    Those present at the meeting today were working-level
+officials from 13 city, three long-term credit and seven trust
+banks, Japanese banking sources said.
+    Newman expressed hope that certain banks would act as lead
+managers of the projected debt securities but did not name
+specific banks, the sources said. No bank made any commitment
+to the company's fund-raising plan as most knew little about it
+in advance, they said.
+    "Today's meeting itself was held with very short-notice and
+we just can't decide what to do with it," said a senior official
+at a leading city bank.
+    Newman attempted to quell Japanese bankers' fears that the
+U.S. Federal Reserve may insist that they deduct the equivalent
+amount to the securities purchased  from their primary capital,
+under a regulation now being studied by the U.S. And Britain.
+    Newman told them that they should not worry because he
+understood the U.S. Federal Reserve would not go along with
+such a regulation, the official said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6301" NEWID="18549">
+<DATE>18-JUN-1987 07:08:06.99</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f2602&#31;reute
+r f BC-CITIBANK-LOWERS-AUSTR   06-18 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIBANK LOWERS AUSTRALIAN PRIME RATE TO 16 PCT</TITLE>
+<DATELINE>    SYDNEY, June 18 - </DATELINE><BODY>Citibank Ltd said it would lower its
+Australian prime rate to 16 pct from 16.5, effective tomorrow.
+    The new rate, if unmatched by other banks, will be the
+lowest among Australian trading banks. Other primes range from
+16.25 to 17.5 pct.
+    Australian prime rates have now retreated from a recent
+peak of 19 pct in October in line with declining money market
+levels. Citibank said its reduction reflected the decline.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6302" NEWID="18550">
+<DATE>18-JUN-1987 07:10:14.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2606&#31;reute
+u f BC-MAZDA-EXPORTS-FALL-IN   06-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAZDA EXPORTS FALL IN MAY</TITLE>
+<DATELINE>    TOKYO, June 18 - </DATELINE><BODY>Mazda Motor Corp &lt;MAZT.T> said its vehicle
+exports fell 2.2 pct from a year earlier to 69,191 in May.
+    In May, exports included 50,800 cars, down 4.8 pct from a
+year earlier, and 18,391 commercial vehicles, up six pct, the
+company said.
+    Mazda's exports to the U.S. Fell 7.8 pct to 35,401 and
+those to Europe fell 2.6 pct to 20,809.
+    Exports to South East Asia rose 142.4 pct to 6,564 due to
+higher exports of complete kits to &lt;Kia Industrial Corp>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6303" NEWID="18551">
+<DATE>18-JUN-1987 07:11:46.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2613&#31;reute
+r f BC-J.-HARDIE-SAYS-HIGHER   06-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J. HARDIE SAYS HIGHER NET REFLECTS RATIONALISATION</TITLE>
+<DATELINE>    SYDNEY, June 18 - </DATELINE><BODY>James Hardie Industries Ltd &lt;HAHA.S> said
+the 28 pct increase in its 1986/87 net profit reflected the
+benefits of continuing rationalisation and consolidation of
+Australian activities and expansion in the U.S.
+    The diversified building products group reported net
+earnings rose to 60.58 mln dlrs in the year ended March 31 from
+47.42 mln in 1985/86. It lifted annual dividend to 24 cents
+from 22 with a final of 13, against 11 previously.
+    Hardie had concentrated resources on building up its core
+businesses of building products, paper merchanting and
+technology and services, it said in a statement.
+    Hardie said it sold a number of businesses during the year
+which were unable to meet objectives for return on investment
+or market share and some non-core units.
+    This resulted in a decline in sales to 1.50 billion dlrs
+from 1.56 billion, but also contributed to a fall of about 100
+mln dlrs in borrowings by year-end and a 36 pct drop in
+interest expense to 29.16 mln dlrs, it said.
+    Hardie said a 42 pct jump in second-half net earnings to
+29.66 mln dlrs from 20.92 mln a year earlier was particularly
+pleasing in view of the difficult trading conditions faced by
+the building products businesses in Australia.
+    The problems in U.S. Irrigation operations which adversely
+affected 1985/86 earnings have been overcome, Hardie said.
+    It said the process of rationalisation and consolidation
+had continued into the current year as had expansion into the
+U.S.
+    Hardie said it could now look forward to a period of
+development and further growth in Australia and overseas after
+carrying through a long and expensive process of eliminating
+asbestos, the group's original prime raw material, from its
+fibre cement building products over the past eight years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6304" NEWID="18552">
+<DATE>18-JUN-1987 07:13:42.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2621&#31;reute
+u f BC-1988-FRENCH-MINISTERI   06-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>1988 FRENCH MINISTERIAL BUDGETS FROZEN - SOURCES</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>Average spending by French ministries will
+be virtually frozen next year within the framework of a one pct
+real increase in the overall state budget, sources close to
+French Finance Minister Edouard Balladur said.
+    The sources said priority would be given to defence,
+research and the fight against unemployment, which reached 2.66
+mln people in April.
+    Prime Minister Jacques Chirac yesterday chaired a
+ministerial meeting on the budget and Balladur is due to make
+the final decision at the end of the month.
+    Budget Minister Alain Juppe said yesterday that the
+government was on course to achieve its target of tax cuts
+worth 50 billion francs over two years.
+    Juppe gave no details but pledged that the government also
+planned to cut its budget deficit down to 115 billion francs by
+1988 from the 129 billion franc shortfall forecast for 1987.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6305" NEWID="18553">
+<DATE>18-JUN-1987 07:16:50.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2627&#31;reute
+u f BC-BRITAIN-PULLS-OUT-MOR   06-18 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN PULLS OUT MORE DIPLOMATS FROM IRAN</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Britain withdrew four more diplomats from
+its diplomatic mission in Tehran, leaving only two officials in
+their posts.
+    The Foreign Office said the four had left Tehran earlier
+today and would arrive in London tomorrow.
+    Britain and Iran have been embroiled in a three-week-old
+diplomatic row which began when a British diplomat was beaten
+and abducted for 24 hours in the Iranian capital.-
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6306" NEWID="18554">
+<DATE>18-JUN-1987 07:18:27.45</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2631&#31;reute
+b f BC-U.S.-SENATORS-PROPOSE   06-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SENATORS PROPOSE BAN ON TOSHIBA IMPORTS</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>Three U.S. Senators said they will
+propose a temporary ban on imports of all Toshiba products due
+to the company's illegal sales of sensitive high-technology
+goods to the Soviet Union.
+    Senator Jake Garn, John Heinz and Richard Selby said at a
+hearing of the senate banking committee on export control, they
+will offer the proposal as part of a major trade bill when it
+is brought before the senate this summer.
+    Garn, a Utah Republican, said "I am talking about specific
+retribution on a company that endangers the security of their
+own country and ours."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6307" NEWID="18555">
+<DATE>18-JUN-1987 07:18:53.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f2632&#31;reute
+r f BC-CHILE-SIGNS-DEBT-RESC   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILE SIGNS DEBT RESCHEDULING AGREEMENT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Representatives of the Republic of
+Chile and its 400-plus international bank creditors started
+signing agreements to reschedule 10.6 billion dlrs of the
+country's foreign debt, Manufacturers Hanover Trust Co said.
+    Manufacturers Hanover, which chairs a 12-bank advisory
+committee that agreed the terms of the deal in late February,
+said all of Chile's creditor banks have approved the package.
+    A key feature of the rescheduling agreement is that Chile
+will avoid the need for fresh bank loans this year and next by
+making interest payments to the banks every twelve months
+instead of every six months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6308" NEWID="18556">
+<DATE>18-JUN-1987 07:19:08.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2633&#31;reute
+b f BC-U.S-TREASURY-SELLING   06-18 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S TREASURY SELLING 24.25 BILLION DLRS OF NOTES</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The U.S. Treasury said it will
+auction 24.25 billion dlrs of two, four and seven year notes
+next week to raise a total of 8.325 billion dlrs of new cash.
+    The financing will begin with the monthly auction on
+Tuesday, June 23 of 9.75 billion dlrs of two year notes.
+    That will be followed on Wednesday and Thursday by
+respective quarterly sales of 7.5 billion dlrs of four year
+notes and 7.0 billion dlrs of seven year notes to refund 15.93
+billion dlrs of two year and four year notes maturing June 30.
+The two year notes mature June 30, 1989. The four years mature
+June 30, 1991 with the seven years due July 15, 1994.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6309" NEWID="18557">
+<DATE>18-JUN-1987 07:19:37.22</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f2634&#31;reute
+b f BC-FOUR-SUGAR-CARGOES-SO   06-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOUR SUGAR CARGOES SOLD TO CHINA YESTERDAY -TRADE</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Four cargoes of raw sugar were sold to
+China yesterday via the London trade to supplement the
+country's current nearby buying programme, traders said.
+    The sugar was reported sold at around 160 dlrs a tonne c
+and f for July/August shipment or arrival in September, they
+said.
+    Some traders said recent Chinese purchases could total as
+much as 300,000 tonnes, but others, while agreeing a heavy
+volume had been taken, said an amount less than that figure was
+involved.
+    China was still believed to be in the market for more
+sugar, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6310" NEWID="18558">
+<DATE>18-JUN-1987 07:24:30.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f2645&#31;reute
+r f BC-TNP-ENTERPRISES-&lt;TNP>   06-18 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TNP ENTERPRISES &lt;TNP> UNIT TO SELL BONDS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Texas-New Mexico Power Co, a unit of
+TNP Enterprises Inc, said it filed with the Securities and
+Exchange Commission a registration statement covering 65 mln
+dlr issue of first mortgage bonds.
+    Proceeds will be used to repay short-term debt and for
+other general purposes, the company said.
+    It said the bonds would probably be offered through
+Shearson Lehman Brothers Inc and Salomon Brothers Inc.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6311" NEWID="18559">
+<DATE>18-JUN-1987 07:25:56.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f2650&#31;reute
+r f BC-REPUBLIC-NEW-YORK-&lt;RN   06-18 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC NEW YORK &lt;RNB> ADDS TO LOAN-LOSS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Republic New York Corp said it would
+add 100 mln dlrs to its allowances for loan losses specifically
+related to its loan exposure to Latin American customers.
+    Republic New York estimated its second quarter net loss
+would total about 80 mln dlrs as a result.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6312" NEWID="18560">
+<DATE>18-JUN-1987 07:26:21.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f2652&#31;reute
+r f BC-REPUBLIC-NEW-YORK-&lt;RN   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC NEW YORK &lt;RNB> AFFIRMED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed the ratings on 2.2 billion dlrs of debt of Republic
+New York Corp.
+    The agency said Republic's 100 mln dlr provision to its
+loan loss reserve adjusts the institution's financial statement
+to more accurately reflect economic reality.
+    Affirmed were Republic's Aa-3 senior debt, A-1 subordinated
+debt and preferred stock, Provisional Aa-3 senior debt shelf
+and Provisional A-1 subordinated debt shelf. Also affirmed were
+lead bank Republic National's Aa-1 long-term deposit
+obligations.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6313" NEWID="18561">
+<DATE>18-JUN-1987 07:26:51.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f2654&#31;reute
+r f BC-USX-&lt;X>-OFFERS-CONVER   06-18 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> OFFERS CONVERTIBLE PREFERRED</TITLE>
+<DATELINE>    PITTSBURGH, June 18 - </DATELINE><BODY>USX Corp announced a public offering
+of 250 mln dlrs of convertible exchangeable cumulative
+preference stock underwritten by Morgan Stanley and Co Inc and
+FIrst Boston Corp.
+    USX said the proceeds will be used to redeem its currently
+outstanding 2.25 dlrs convertible exchangeable cumulative
+preference stock.
+    USX said the new stock will be offered at 50 dlrs a share
+and will have a dividend of 3.50 dlrs a share per year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6314" NEWID="18562">
+<DATE>18-JUN-1987 07:27:14.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2655&#31;reute
+r f BC-DAIRY-FARM-SUSPENDS-S   06-18 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAIRY FARM SUSPENDS SHARE TRADING IN HONG KONG</TITLE>
+<DATELINE>    HONG KONG, June 18 - </DATELINE><BODY>Trading in shares of &lt;Dairy Farm
+International Holdings Ltd> was suspended after the morning
+session, the stock exchange said.
+    It gave no explanation of the move but the company
+announced it will hold a press conference on a major corporate
+development this afternoon.
+    The stock last traded at 5.40 H.K. Dlrs, down 10 cents from
+yesterday's close.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6315" NEWID="18563">
+<DATE>18-JUN-1987 07:27:20.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2656&#31;reute
+r f BC-JAMES-HARDIE-INDUSTRI   06-18 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAMES HARDIE INDUSTRIES LTD &lt;HAHA.S> YR TO MARCH</TITLE>
+<DATELINE>    SYDNEY, June 18 - </DATELINE><BODY>Yr ended March 31
+    Shr 37.8 cents vs 30.7
+    Final div 13 cents vs 11, making yr 24 vs 22
+    Net 60.58 mln dlrs vs 47.42 mln
+    Turnover 1.50 billion vs 1.56 billion
+    Other income 16.84 mln vs 3.73 mln
+    Shrs 161.71 mln vs 154.19 mln.
+    NOTE - Div pay Aug 6. Reg July 17. Div is unfranked and
+thus will not be tax-free under dividend imputation.
+    Net is after tax 28.39 mln dlrs vs 29.93 mln, depreciation
+32.05 mln vs 34.59 mln, interest 29.16 mln vs 45.74 mln and
+minorities 1.35 mln vs 9.89 mln but before extraordinary profit
+2.28 mln vs loss 31.05 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6316" NEWID="18564">
+<DATE>18-JUN-1987 07:27:44.12</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f2658&#31;reute
+r f BC-COMMONWEALTH-BANK-CUT   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH BANK CUTS AUSTRALIAN SPLIT PRIME</TITLE>
+<DATELINE>    SYDNEY, June 18 - </DATELINE><BODY>The Commonwealth Bank of Australia said
+it will lower its reference rate for loans to 15.75 pct from
+16.25 pct and its overdraft reference rate to 16.25 pct from
+16.75, effective June 24.
+    Bank officials have said the bank regards the overdraft
+reference rate, based on short-term rate trends, as its key
+prime lending rate to corporate customers. The loan reference
+rate is based on longer term trends.
+    The bank is the latest to cut prime rates in recent days
+following a continuing decline in market rates. Other prime
+rates now range from 16 pct to 17.5 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6317" NEWID="18565">
+<DATE>18-JUN-1987 07:28:42.73</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T 
+&#22;&#22;&#1;f2661&#31;reute
+u f BC-DUTCH-PARLIAMENT-BACK   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH PARLIAMENT BACKS STAND AGAINST OILS TAX</TITLE>
+<DATELINE>    ROTTERDAM, June 18 - </DATELINE><BODY>Dutch parliamentary parties have
+re-affirmed their support for the government's opposition to
+the proposed European Community tax on oils and fats,
+parliamentarians said.
+    A broad cross-section of members of parliament voiced their
+opposition to the tax during a debate in the lower house
+yesterday on the basis of possible retaliation from the U.S.
+And on the potentially damaging effect on Third World
+countries.
+    State Secretary for Foreign Affairs Rene Van Der Linden
+said the government was against the tax although it noted
+deepening EC financial difficulties.
+    "It is difficult to be against the tax and against extra
+finance. The EC members have to make a choice," Van Der Linden
+said.
+    However, he denied the government had dropped its
+opposition to the proposed tax or altered its position.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6318" NEWID="18566">
+<DATE>18-JUN-1987 07:31:09.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2665&#31;reute
+r f BC-CSR-DECLARES-PIONEER   06-18 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CSR DECLARES PIONEER SUGAR BID UNCONDITIONAL</TITLE>
+<DATELINE>    SYDNEY, June 18 - </DATELINE><BODY>CSR Ltd &lt;CSRA.S> said it had declared
+unconditional its takeover bid for &lt;Pioneer Sugar Mills Ltd>
+following Pioneer's recommendation that shareholders accept.
+    This meant Pioneer shareholders would be paid for all
+shares tendered within 14 days, CSR said in a statement.
+    CSR's statement follows Industrial Equity Ltd's &lt;INEA.S>
+disclosure yesterday that it had built up a 9.8 pct stake in
+Pioneer at 2.54 dlrs a share, topping CSR's cash bid of 2.50.
+    CSR is also offering one share, currently worth 4.04 dlrs,
+plus 1.20 cash, for every two Pioneer shares, which values
+Pioneer at 2.62 per share. It holds about 33 pct of Pioneer.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6319" NEWID="18567">
+<DATE>18-JUN-1987 07:38:03.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>belgium</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2681&#31;reute
+u f BC-SANDVIK,-DIAMANT-BOAR   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANDVIK, DIAMANT BOART FINALISE DRILLS MERGER</TITLE>
+<DATELINE>    BRUSSELS, June 18 - </DATELINE><BODY>Sweden's Sandvik AB &lt;SVIK.ST> and
+Diamant Boart SA of Belgium, in which Societe Generale de
+Belgique &lt;BELB.BR> holds an indirect 52 pct stake, have
+finalised negotiations on merging oil and gas drilling tool
+activities, officials of both companies said.
+    Staffan Paues, President of the new Brussels-based joint
+venture company Diamant Boart Stratabit SA (DBS), told a news
+conference that the merged firm would be able to offer products
+for all types of drilling operations.
+    He said there were already signs that a slow recovery from
+recession was under way in the oil and gas industries.
+    "Stability in oil prices should lead to renewed investment"
+Paues said.
+    DBS, which Paues said began operations today, brings
+together Sandvik's wholly-owned U.S. Subsidiary Strata Bit Corp
+of Houston and Diamant Boart's petroleum activities in Europe,
+North America, the Middle and Far East and Africa.
+    Paues said the merger was a direct result of the sharp fall
+in oil prices 18 months ago which led oil firms to cut back
+exploration activities. Officials said the complementary
+character of the two firms' operations was a further reason.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6320" NEWID="18568">
+<DATE>18-JUN-1987 07:42:14.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f2692&#31;reute
+u f BC-CANADA-SEES-GLOBAL-AC   06-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA SEES GLOBAL ACTION TO REDUCE FARM SUBSIDY</TITLE>
+<DATELINE>    SINGAPORE, June 18 - </DATELINE><BODY>Canada's Foreign Minister Joe Clark
+said there is greater international recognition on the need to
+reduce government-imposed subsidies on agricultural produce.
+    "There is now recognition that agricultural subsidies must
+be reduced, and other reform measures pursued," Clark told a
+conference of ASEAN (Association of South East Asian Nations)
+foreign ministers and their counterparts from six
+industrialised countries.
+    A delegate said Clark's call for "halting the subsidy war in
+the agricultural products" to ensure a stable world trading
+system received warm support from Japan and Australia.
+    Clark said the Organisation of Economic Cooperation and
+Development (OECD) has called for "reduction of direct and
+indirect subsidies and avoidance of predatory or protectionist
+trade practices."
+    The OECD stand was endorsed by the Venice economic summit
+this month. However, he said he did not expect any quick
+solution to the subsidy problem.
+    Clark said Canadian farmers, like those of ASEAN, "are
+caught in the cross-fire of an agricultural subsidy war that is
+not of our making."
+    Clark said his country will provide 10 mln Canadian dlrs as
+aid over thu next five years to developing countries of the
+South Pacific region to finance fisheries and other marine
+projects.
+    "The new program, which we estimate will cost about two mln
+Canadian dlrs a year, will be implemented by t&#127;e International
+Centre for Ocean Development (ICOD) in close cooperation with
+the major South Pacific regional organisations," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6321" NEWID="18569">
+<DATE>18-JUN-1987 07:43:04.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2694&#31;reute
+f f BC-THOMSON-GRAND-PUBLIC   06-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>THOMSON GRAND PUBLIC TAKES OVER THORN EMI'S AUDIOVISUAL
+DIVISION - THOMSON
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6322" NEWID="18570">
+<DATE>18-JUN-1987 08:05:12.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2727&#31;reute
+b f BC-THOMSON-TAKES-OVER-TH   06-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMSON TAKES OVER THORN EMI AUDIOVISUAL</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>Thomson Grand Public, the subsidiary of
+Thomson SA &lt;THMP.PA>, has taken over the audiovisual consumer
+goods division of British group Thorn EMI, Thomson Grand Public
+chairman Pierre Garcin said.
+    The cost of the deal, signed late yesterday, is around 90
+mln stg and Thomson will finance 50 mln of this from its
+equity.
+    Thorn EMI is a leader in the British audiovisual market
+with a turnover last year of 300 mln stg.
+    Garcin said the new acquisition would substantially
+increase Thomson's turnover in the sector.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6323" NEWID="18571">
+<DATE>18-JUN-1987 08:06:28.44</DATE>
+<TOPICS><D>ship</D><D>lead</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f2736&#31;reute
+u f BC-VESSEL-LOST-IN-PACIFI   06-18 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VESSEL LOST IN PACIFIC WAS CARRYING LEAD</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>The 37,635 deadweight tonnes bulk carrier
+Cumberlande, which sank in the South Pacific last Friday, was
+carrying a cargo which included lead as well as magnesium ore,
+a Lloyds Shipping Intelligence spokesman said.
+    He was unable to confirm the tonnages involved.
+    Trade reports circulating the London Metal Exchange said
+the vessel, en route to New Orleans from Newcastle, New South
+Wales, had been carrying 10,000 tonnes of lead concentrates.
+Traders said this pushed lead prices higher in early morning
+trading as the market is currently sensitive to any fundamental
+news due to its finely balanced supply/demand position and low
+stocks.
+    Trade sources said that 10,000 tonnes of lead concentrates
+could convert to around 5,000 tonnes of metal, although this
+depended on the quality of the concentrates.
+    A loss of this size could cause a gap in the supply
+pipeline, particularly in North America, they noted. Supplies
+there have been very tight this year and there is a strike at
+one major producer, Cominco, and labour talks currently being
+held at another, Noranda subsidiary Brunswick Mining and
+Smelting Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6324" NEWID="18572">
+<DATE>18-JUN-1987 08:08:41.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2746&#31;reute
+u f BC-FRANCE'S-CRH-CANCELS   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE'S CRH CANCELS TWO BILLION FRANC TAP ISSUE</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>French mortgage refinancing agency Caisse
+de Refinancement Hypothecaire (CRH) has cancelled today's
+auction of between one and two billion francs worth of tap
+stock, the Bank of France said.
+    In a statement the agency cited "exceptional circumstances"
+on the bond market which resulted in a low level of
+applications.
+    Today's issue would have been a new tranche of the agency's
+March 1987 8.50 pct 12 year issue. At its last auction in May
+the CRH sold 2.02 billion francs worth of the stock at a top
+accepted price of 91.10 pct giving an average 9.79 pct yield.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6325" NEWID="18573">
+<DATE>18-JUN-1987 08:09:47.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F A 
+&#22;&#22;&#1;f2749&#31;reute
+r f BC-dome-shareholder-file   06-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOME &lt;DMP> SHAREHOLDER FILES CLASS ACTION SUIT</TITLE>
+<DATELINE>    CALGARY, Alberta, June 18 - </DATELINE><BODY>Dome Petroleum Ltd said one of
+its common shareholders filed a class action suit in a New York
+court alleging the company, its chairman and president breached
+their fiduciary duties concerning Amoco Corp's proposed
+takeover of Dome.
+    Dome said the suit, filed by counsel representing Allen B.
+DeYoung, who holds 100 Dome common shares, names Dome, chairman
+J. Howard Macdonald, president John Beddome as defendents, as
+well as Amoco and Amoco's Canadian unit Amoco Canada Petroleum
+Co Ltd.
+    Dome said the class action suit, filed in United States
+district court in New York, seeks a court order declaring the
+Dome-Amoco takeover null and void or compensation in excess of
+100 mln dlrs in actual damages, plus compensation for any
+consequential damages.
+    The suit also seeks to block a provision in the merger
+agreement for Dome to sell to Amoco its Primrose, Alberta,
+heavy oil properties for 79 mln dlrs if the takeover is not
+completed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6326" NEWID="18574">
+<DATE>18-JUN-1987 08:10:02.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f2751&#31;reute
+r f BC-TNP-ENTERPRISES-&lt;TNP>   06-18 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TNP ENTERPRISES &lt;TNP> UNIT TO SELL BONDS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Texas-New Mexico Power Co, a unit of
+TNP Enterprises Inc, said it filed with the Securities and
+Exchange Commission a registration statement covering 65 mln
+dlr issue of first mortgage bonds.
+    Proceeds will be used to repay short-term debt and for
+other general purposes, the company said.
+    It said the bonds would probably be offered through
+Shearson Lehman Brothers Inc and Salomon Brothers Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6327" NEWID="18575">
+<DATE>18-JUN-1987 08:10:38.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2755&#31;reute
+r f BC-TEXACO-CITES   06-18 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JWT GROUP &lt;JWT> SUES WPP GROUP PLC</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>JWT Group Inc said it filed a suit
+against &lt;WPP Group Plc> to enjoin the company from continuing
+its tender offer.
+    The company said it charged that former JWT Group unit
+executive John Peters has breached his fiduciary duty by
+disclosing confidential information about the company and its
+clients.
+    The company said the suit, filed in New York State Supreme
+Court, seeks to halt the "ongoing misuse and misappropriation
+of highly confidential and proprietary information concerning
+JWT and its clients.
+    The defendants in the suit are WPP Group and its units and
+Peters, who until January 29 was a director of J. Walter
+Thompson Co, JWT Group's main subsidiary and its president and
+chief operating officer.
+    JWT said it asked the court to enjoin the defendants from
+acquiring any further JWT stock, make them return all
+confidential and proprietary information and to disgorge all
+profits or other gains.
+    The company said it also asked the court to award JWT
+unspecified damages.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6328" NEWID="18576">
+<DATE>18-JUN-1987 08:11:30.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2759&#31;reute
+r f BC-JWT-GROUP-&lt;JWT>-GRANT   06-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JWT GROUP &lt;JWT> GRANTS GOLDEN PARACHUTES</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>JWT Group Inc disclosed in a filing
+with the Securities and Exchange Commission that it awarded
+so-called "golden parachutes" to 26 top officers.
+    The company said it granted the special bonuses, which take
+effect only if an executive is fired within two years of a
+successful takeover, on June 8.
+    It granted 25 of the officials a severance payment of just
+under three times their annual compensation if they are fired
+after a takeover. For chairman Don Johnston, the payment was
+limited to twice his annual compensation.
+    JWT approved additional lump-sum payments of one year's
+compensation to an unspecified number of other highly paid
+company officials.
+    The company also altered its employee retirement and stock
+incentive plans, to assure continued protection and benefits
+for employees in the event of a hostile takeover.
+    The company did not disclose the cost of the changes made
+in the severance, retirement or stock plans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6329" NEWID="18577">
+<DATE>18-JUN-1987 08:12:00.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2763&#31;reute
+u f BC-UNILEVER-DECLINES-COM   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNILEVER DECLINES COMMENT ON GILLETTE BID RUMOURS</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>A spokesman for Unilever Plc &lt;UN.AS>
+declined to comment on market rumours that it may be
+considering a bid for the U.S. Health care group The Gillette
+Co &lt;GS.N>.
+    Gillette shares are traded on the over-the-counter market
+in London and this morning stood one dollar higher at 38 dlrs
+in response to the bid speculation. Unilever dipped 33p to
+3,275 in a generally depressed U.K. Market.
+    Most analysts dismissed the rumours saying it was an old
+story, and one commented that it was "utter rubbish," adding he
+thought Unilever would not be interested in Gillette.
+    Gillette shares rose sharply at the beginning of the month
+on Wall Street rumours that Sir James Goldsmith was building a
+stake in the company.
+    Gillette has been the subject of repeated rumours since
+Ronald Perelman, chairman of the Revlon Group Inc &lt;REV>, made
+an unsuccessful bid for the company last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6330" NEWID="18578">
+<DATE>18-JUN-1987 08:17:21.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2775&#31;reute
+u f BC-PEFCO-SELLS-NOTES-VIA   06-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEFCO SELLS NOTES VIA J.P. MORGAN SECURITIES</TITLE>
+<AUTHOR>    By John Picinich, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Private Export Funding Corp, PEFCO, is
+offering 150 mln dlrs of secured notes due 1994 with an 8.60
+pct coupon and par pricing, said J.P. Morgan Securities Inc,
+acting as lead manager of its first corporate debt deal.
+    "To our knowledge, this is the first time that an affiliate
+of a bank holding company has been a manager of a corporate
+bond offering in the U.S.," a spokesman for J.P. Morgan and Co
+Inc said.
+    J.P. Morgan Securities is an affiliate of J.P. Morgan and
+Co, the fifth largest bank in the U.S.
+    The J.P. Morgan spokesman explained that because the PEFCO
+notes are guaranteed by the U.S. government, the securities
+affiliate was not prohibited by the Glass-Steagall Act from
+underwriting the issue.
+    Indeed, Bankers Trust Co and Citicorp Investment Bank,
+which are affiliates of Bankers Trust New York Corp and
+Citicorp respectively, were co-managers of the PEFCO offering.
+    Passed by Congress in 1933, Glass-Steagall bars commercial
+banks from owning brokerage firms and engaging in such
+investment banking activities as underwriting corporate
+securities or municipal revenue bonds.
+    Last year, several major U.S. banks formed investment
+banking affiliates and applied to the Federal Reserve Board for
+authorization to offer commercial paper and underwrite and
+trade municipal revenue bonds and some forms of mortgage-backed
+securities.
+    J.P. Morgan Securities received permission from the Fed
+several weeks ago for these activities, the spokesman said.
+    But the Securities Industry Association, a trade group of
+investment banking firms, appealed the decision. J.P. Morgan
+also appealed because it believed the Fed placed too many
+restrictions on the bank's affiliate, the spokesman said.
+    "The Securities and Exchange Commission got a stay, so we
+are not engaging in those activities," the J.P. Morgan
+spokesman said.
+    "We are perfectly eligable to underwrite this offering. We
+are endeavoring to prove that there is nothing mysterious about
+this business," the spokesman said.
+    He added, "Ruling off certain markets does not serve the
+public policy.
+    J.P. Morgan Securities was formed in April 1986 with
+capitalization of 250 mln dlrs, the spokesman said. At year-end
+1986, the firm had 261.5 mln dlrs of capital.
+    Dillon, Read and Co Inc, Merrill Lynch Capital Markets and
+Salomon Brothers Inc also served as co-managers of the PEFCO
+deal.
+    The issue's yield was 50 basis points over comparable
+Treasury securities. The notes are non-callable for life. A
+top-flight AAA rating by Moody's and Standard and Poor's is
+anticipated.
+    The gross spread is 5.75 dlrs, the selling concession is
+3.50 dlrs and the reallowance is two dlrs.
+    The spokesman said J.P. Morgan Securities was a member of
+an underwriting syndicate for a Sallie Mae issue last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6331" NEWID="18579">
+<DATE>18-JUN-1987 08:19:46.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2786&#31;reute
+h f BC-BRITISH-TELECOM-LOOKS   06-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH TELECOM LOOKS FORWARD TO MORE PROGRESS</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>British Telecommunications Plc &lt;BTY.L>
+said it looked to further progress this year after reporting a
+11.7 pct rise in 1986/87 pretax profits to 2.07 billion stg.
+    The result was at the top end of market expectations but
+the shares nonetheless declined from last night's closing
+levels to stand 12p lower at 303p at 1130 GMT.
+    Telephone call income rose 9.5 pct to 4.97 billion while
+rental income increased 10.6 pct to 3.06 billion.
+    The company said it had not paid anything through its
+profit-sharing scheme, after 18 mln stg last year, considering
+such payments inappropriate after a series of strikes.
+
+    It said total operating costs rose 806 mln stg to 7.08
+billion while its basket of across-the-range tariffs had been
+reduced overall by 0.3 pct last November under arrangements set
+up before privatisation.
+    Despite the rise in profits, taxation rose only 11 mln stg
+to 754 mln, reflecting the cut in U.K. Corporation tax to 35
+pct from 40 pct during the year. Gearing fell to 33 pct from 39
+pct. Price regulation formulae were introduced for both the
+previously state-owned utilities that have been floated off.
+Yesterday, British Gas Plc &lt;BRGS.L> said it was cutting tariffs
+for domestic customers by about 4.5 pct.
+    BT chairman Sir George Jefferson said work on new digital
+exchanges and optical fibre links will continue and the fight
+against vandalism of public call boxes would go on.
+    "We have been spending 160 mln stg over three years
+modernising and expanding our payphone service to make our call
+boxes more reliable and harder to vandalise."
+    Expenditure on digital exchanges was about 500 mln stg and
+progress had been made in installing optical fibre.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6332" NEWID="18580">
+<DATE>18-JUN-1987 08:20:00.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2788&#31;reute
+r f BC-EXIDE-SELLS-10-YEAR-S   06-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXIDE SELLS 10-YEAR SENIOR SUBORDINATED NOTES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Exide Corp is raising 135 mln dlrs via
+an offering of senior subordinated notes due 1997 yielding
+13.01 pct, said sole manager Drexel Burnham Lambert Inc.
+    The notes have a 12-7/8 pct coupon and were priced at
+99.25, Drexel said. The issue is non-callable for three years
+and non-refundable for five years.
+    Moody's rates the notes B-2 and Standard and Poor's rates
+them B-minus. The gross spread is 33.75 dlrs, the selling
+concession is 21 dlrs and the reallowance is 2.50 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6333" NEWID="18581">
+<DATE>18-JUN-1987 08:20:09.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2789&#31;reute
+r f BC-OLIN-&lt;OLN>-SUBORDINAT   06-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIN &lt;OLN> SUBORDINATED NOTES YIELD 9.558 PCT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Olin Corp is raising 125 mln dlrs via
+an offering of 10-year subordinated notes yielding 9.558 pct,
+said lead manager Morgan Stanley and Co Inc.
+    The notes have a 9-1/2 pct coupon and were priced at 99.625
+to yield 134 basis points more than comparable Treasury
+securities.
+    Non-callable for life, the issue is rated Baa-2 by Moody's
+and BBB-minus by Standard and Poor's. The gross spread is seven
+dlrs, the selling concession is four dlrs and the reallowance
+is 2.50 dlrs. Salomon Brothers co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6334" NEWID="18582">
+<DATE>18-JUN-1987 08:20:18.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM E 
+&#22;&#22;&#1;f2790&#31;reute
+r f BC-FLETCHER-CHALLENGE-UN   06-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLETCHER CHALLENGE UNIT SELLS 10-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Fletcher Challenge Finance USA Inc, a
+unit of Fletcher Challenge Ltd, is raising 190 mln dlrs via an
+offering of notes due 1997 yielding 9.28 pct, said sole manager
+First Boston Corp.
+    The notes have a 9-1/4 pct coupon and were priced at 99.80
+to yield 105 basis points more than comparable Treasury
+securities.
+    Non-callable to maturity, the issue is rated a top-flight
+Aaa by Moody's and Standard and Poor's. The gross spread is
+6.50 dlrs, the selling concession is four dlrs and the
+reallowance is 2.50 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6335" NEWID="18583">
+<DATE>18-JUN-1987 08:20:45.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2793&#31;reute
+r f BC-MCDONNELL-DOUGLAS-&lt;MD   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL DOUGLAS &lt;MD> GETS BIG THAI AIR ORDER</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>McDonnell Douglas Corp said it has
+received an order from Thai Airways International for one
+McDonnell Douglas DC-10 Series 30ER aircraft and four MD-11
+long-range trijets, plus options for four more MD-11's.
+    The company said the nine aircraft, together with two other
+DC-10ER's ordered earlier this year by Thai Air, are worth
+about one billion dlrs.
+    It said the DC-10 is scheduled for April 1988 delivery and
+the first two newly ordered MD-11's in September and November
+1990, with the others two in October and November 1991.
+    McDonnell Douglas said the DC-10 will be powered by General
+Electric Co &lt;GE> CF6-50C2 engines and the MD-11's by GE
+CF6-80C2 engines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6336" NEWID="18584">
+<DATE>18-JUN-1987 08:21:04.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2796&#31;reute
+r f BC-COMMONWEALTH-EDISON-&lt;   06-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH EDISON &lt;CWE> SELLS SEVEN-YEAR BONDS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Commonwealth Edison Co is raising 140
+mln dlrs through an offering of first mortgage bonds due 1994
+yielding 8.92 pct, said lead manager Salomon Brothers Inc.
+    The bonds bear an 8-7/8 pct coupon and were priced at
+99.765 to yield 85 basis points more than comparable Treasury
+securities.
+    Non-callable for five years, the issue is rated A-3 by
+Moody's and A by Standard and Poor's. The gross spread is 6.50
+dlrs, the selling concession is four dlrs and the reallowance
+is 2.50 dlrs. Morgan Stanley co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6337" NEWID="18585">
+<DATE>18-JUN-1987 08:21:12.59</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2798&#31;reute
+r f BC-SERVICE-RESOURCES-&lt;SR   06-18 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVICE RESOURCES &lt;SRC> ENDS SORG &lt;SRG> BID</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Service Resources Corp said it has
+withdrawn and terminated its 23 dlr per share takeover offer to
+Sorg Inc because Sorg failed to respond to the bid.
+    It said, as Sorg's largest single shareholder, it will
+evaluate all its options, including making a further offer to
+Sorg or disposing of some or all of its Sorg shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6338" NEWID="18586">
+<DATE>18-JUN-1987 08:21:19.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2799&#31;reute
+r f BC-EXIDE-SENIOR-SUBORDIN   06-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXIDE SENIOR SUBORDINATED NOTES YIELD 13.01 PCT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Exide Corp is raising 135 mln dlrs via
+an offering of senior subordinated notes due 1997 yielding
+13.01 pct, said sole manager Drexel Burnham Lambert Inc.
+    The notes have a 12-7/8 pct coupon and were priced at
+99.25, Drexel said.
+    The issue is non-callable for three years and
+non-refundable for five years. Moody's rates the notes B-2 and
+Standard and Poor's rates them B-minus. The gross spread is
+33.75 dlrs, the selling concession is 21 dlrs and the
+reallowance is 2.50 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6339" NEWID="18587">
+<DATE>18-JUN-1987 08:21:26.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2800&#31;reute
+r f BC-JOY-TECHNOLOGIES-SELL   06-18 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOY TECHNOLOGIES SELLS 12-YEAR DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Joy Technologies Inc is raising 185 mln
+dlrs through an offering of senior subordinated debentures due
+1999 yielding 13.85 pct, said lead manager Kidder, Peabody and
+Co Inc.
+    The notes have a 13-3/4 pct coupon and were priced at
+99.396, Kidder said. The issue is non-callable for five years.
+    Moody's rates the debt B-1, compared to a B-minus grade by
+Standard and Poor's. Donaldson, Lufkin and Jenrette co-managed
+the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6340" NEWID="18588">
+<DATE>18-JUN-1987 08:21:33.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2801&#31;reute
+r f BC-SALOMON-&lt;SB>-SEES-LOW   06-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON &lt;SB> SEES LOWER 2ND QTR</TITLE>
+<DATELINE>    NEW YORK, June 17 - </DATELINE><BODY>Robert Salomon, managing director of
+Salomon Inc, said the company's second quarter is "likely to be
+comfotrably in the black, but down from the comparable year-ago
+quarter," when Salomon earned 117 mln dlrs or 78 cts a share on
+a primary basis.
+    "Its been a difficult quarter," Salomon told Reuters,
+adding that financial analysts today lowered their second
+quarter earnings estimate for the company to 30 cts to 50 cts
+per share from a range of 75 cts to 80 cts a share.
+    Salomon's stock closed at 34-3/4, off one, on heavy
+trading.
+   
+    Salomon said he was deluged with calls from analysts after
+yesterday's announcement by First Boston Inc &lt;FBC> that it will
+report a loss for the second quarter due to steep losses in the
+bond market during April.
+    Salomon acknowledged that the quarter was "difficult" but
+said the company will report a profit for the period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6341" NEWID="18589">
+<DATE>18-JUN-1987 08:21:46.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2804&#31;reute
+r f BC-THRIFTY-RENT-A-CAR-IN   06-18 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THRIFTY RENT-A-CAR IN INITIAL OFFERING</TITLE>
+<DATELINE>    TULSA, Okla., June 17 - </DATELINE><BODY>Thrifty Rent-A-Car System Inc, the
+fifth largest car rental company in North America, said it
+filed with the Securities and Exchange Commission for an
+initial public offering of two mln shares of comon stock.
+    Thrifty said the offering represents about one-third of the
+company's outstanding and current stockholders will retain a
+majority two-thirds ownership of the company.
+    Alex. Brown and Sons Inc will be managing underwriter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6342" NEWID="18590">
+<DATE>18-JUN-1987 08:21:52.32</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2805&#31;reute
+r f BC-HALCYON-HAS-STAKE-IN   06-18 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HALCYON HAS STAKE IN RESEARCH-COTTRELL &lt;RC></TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Halcyon Investments, a New York firm,
+reported a 6.9 pct stake in Research-Cottrell Inc.
+    Alan Slifka, a partner in Halcyon, told Reuters the shares
+were purchased for investment purposes but declined further
+comment.
+    On June 8, Research-Cottrell said it had entered into a
+definitive agreement to be acquired by R-C Acquisitions Inc for
+43 dlrs per share. Research-Cottrell closed at 44-1/4 today,
+unchanged from the previous close.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6343" NEWID="18591">
+<DATE>18-JUN-1987 08:21:58.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2806&#31;reute
+r f BC-CULLINET-SOFTWARE-INC   06-18 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CULLINET SOFTWARE INC &lt;CUL> 4TH QTR EARNINGS</TITLE>
+<DATELINE>    WESTWOOD, Mass., June 18 - </DATELINE><BODY>April 30 end
+    Shr loss 13 cts vs shr profit 12 cts
+    Net loss 4,116,000 vs net profit 3,672,000
+    Revs 61.1 mln vs 55.5 mln
+    Avg shrs 32,263,000 vs 31,640,000
+    12 months
+    Shr loss 86 cts vs shr profit 42 cts
+    Net loss 27.6 mln vs net profit 13 mln
+    Revs 174.9 mln vs 189.3 mln
+    Avg shrs 32,184,000 vs 30,938,000
+    NOTE: Both 1987 and 1986 figures restated to reflect April
+21, 1987 acquisition of Distribution Management Systems Inc,
+accounted for as a pooling of interests.
+    1987 results include a first quarter non-recurring charge
+of 7 mln dlrs with an after-tax impact of 11 cts per share
+attributable to the write-off of the remaining assets acquried
+from Computer Pictures Corp in November 1982.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6344" NEWID="18592">
+<DATE>18-JUN-1987 08:22:11.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2807&#31;reute
+r f BC-ALLEGIS-&lt;AEG>-MEETS-W   06-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGIS &lt;AEG> MEETS WITH UNITED EMPLOYEES GROUP</TITLE>
+<DATELINE>    CHICAGO, June 18 - </DATELINE><BODY>A spokesman for a group of United
+Airlines employees, who oppose the attempted takeover of United
+by the Airline Pilots Association, said he met with the new
+chairman of Allegis, Frank Olson.
+    William Palmer, the group's spokesman, which claims to
+speak for thousands of United employees, said the meeting with
+Olson was "positive and friendly," but no future meeting dates
+were set.
+    In April the pilots union offered to buy out United, an
+Allegis subsidiary, through an employee stock ownership plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6345" NEWID="18593">
+<DATE>18-JUN-1987 08:22:31.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f2809&#31;reute
+u f BC-USX-&lt;X>-OFFERS-CONVER   06-18 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> OFFERS CONVERTIBLE PREFERRED</TITLE>
+<DATELINE>    PITTSBURGH, June 18 - </DATELINE><BODY>USX Corp announced a public offering
+of 250 mln dlrs of convertible exchangeable cumulative
+preference stock underwritten by Morgan Stanley and Co Inc and
+FIrst Boston Corp.
+    USX said the proceeds will be used to redeem its currently
+outstanding 2.25 dlrs convertible exchangeable cumulative
+preference stock.
+    USX said the new stock will be offered at 50 dlrs a share
+and will have a dividend of 3.50 dlrs a share per year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6346" NEWID="18594">
+<DATE>18-JUN-1987 08:22:50.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2811&#31;reute
+r f BC-MARINE-MIDLAND-&lt;MM>-D   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARINE MIDLAND &lt;MM> DEBT AFFIRMED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed the ratings on 1.4 billion dlrs of debt of Marine
+Midland Banks Inc and unit, Marine Midland Bank NA.
+    Affirmed were the parent's A-2 senior debt and preferred
+stock and A-3 subordinated debt, and the unit's Prime-1
+commercial paper, A-1 long-term deposits, A-2 subordinated debt
+and Prime-1 short-term deposits.
+    Moody's cited a 400 mln dlr addition to the firm's loan
+loss reserves as a reflection of exposure to economically
+troubled borrowers. Moody's said the addition merely more
+accurately reflects economic reality.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6347" NEWID="18595">
+<DATE>18-JUN-1987 08:27:47.74</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2825&#31;reute
+u f BC-NAT-WEST-CUTS-MORTGAG   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAT WEST CUTS MORTGAGE RATE FOR NEW BORROWERS</TITLE>
+<DATELINE>    London, JUNE 18 - </DATELINE><BODY>National Westminster Bank Plc &lt;NWBL.L>
+announced a 0.75 pct reduction in the mortgage interest rate
+applicable to new mortgages taken out from June 19, 1987.
+    The new rate is 10.5 pct (APR - Annual Percentage Rate -
+11.2 pct including fees for normal repayment mortgages, and
+11.1 pct including fees for endowment and pension mortgages).
+    A spokesman for Nat West said the position for existing
+mortgages is being kept under active review in the light of
+market conditions, and an announcement will be made as soon as
+possible.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6348" NEWID="18596">
+<DATE>18-JUN-1987 08:30:17.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2830&#31;reute
+r f BC-TPI-ENTERPRISES-&lt;TELE   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TPI ENTERPRISES &lt;TELE.O> CHAIRMAN IN STOCK BUY</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>TPI Enterprises Inc said chairman and
+chief executive officer Stephen R. Cohen may be one of the
+partners in a partnership formed by AMC Entertainment Inc &lt;AEN>
+and Phillip E. Cohen to own 6,275,144 TPI shares.
+    Yesterday AMC announced that it and Cohen had agreed to buy
+the shares from Rank America Inc for six dlrs each. Cohen was
+formerly a TPI director.
+    TPI said under the terms of its sale of the shares to Rank,
+it has a 30-day option to purchase the shares Rank proposes to
+sell to AMC and Cohen for the same price. It said its board
+will consider whether or not to exercise the option.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6349" NEWID="18597">
+<DATE>18-JUN-1987 08:35:14.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2860&#31;reute
+u f AM-BUDGET   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUDGET COMPROMISE REACHED IN CONGRESS</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>Congressional Democratic leaders
+announced a compromise has been reached on a 1988 budget,
+paving the way for final approval of a trillion dollar spending
+plan.
+    House Speaker Jim Wright and Senate Majority Leader Robert
+Byrd told a news conference that final congressional approval
+of the plan to reduce an estimated 171 billion dlr deficit next
+year to 134 billion dlr was expected next week.
+    The plan was worked out by Democrats who control both House
+and Senate but who have been stalemated for a month over
+different House and Senate budgets that passed earlier.
+    The budget proposes 19.5 billion dlrs in new taxes next
+year, 65 billion dlrs over a three year span.
+    It would cut President Reagan's request to spend 298
+billion dlrs for defense in 1988 by about nine billion dlrs,
+but only if he accepts the proposed tax increase to pay for it.
+    If Reagan rejects the tax rise, which he has said he would,
+defense spending under the plan would drop automatically by
+about five billion dlrs, the leaders said.
+    Reagan's own budget was rejected by wide margins in both
+House and Senate by a combination of Democrats and his own
+Republican party who said it was unrealistic.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6350" NEWID="18598">
+<DATE>18-JUN-1987 08:42:16.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T 
+&#22;&#22;&#1;f2867&#31;reute
+u f BC-/SENATOR-SAYS-REAGAN   06-18 0144</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATOR SAYS REAGAN FARM REFORM PLANS DOOMED</TITLE>
+<DATELINE>    Washington, June 18 - </DATELINE><BODY>Senator Kent Conrad, D-ND, said
+President Reagan's goal of phasing-out world farm subsidies by
+the year 2000 is doomed to failure because the European
+Community, EC, will not accept it.
+    "It (Reagan plan) is a nonstarter. Its absolutely crystal
+clear they (EC) have no intention of eliminating subsidies,"
+said Conrad on his return from a four-day visit to Europe.
+    Instead of proposing an end to farm subsidies, he said the
+U.S. should adopt some of the EC Common Agricultural Policy,
+CAP, principles by seeking a "compromise" agreement with
+Brussels to jointly reduce production, and apply a two-price
+system of high domestic and low export prices. Under the plan,
+export subsidies would bridge domestic and world price gaps,
+said Conrad, a new member of the Senate Agriculture Committee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6351" NEWID="18599">
+<DATE>18-JUN-1987 08:44:00.21</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>luxembourg</D><D>uk</D><D>netherlands</D><D>west-germany</D><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2868&#31;reute
+u f BC-OPPOSITION-TO-EC-OILS   06-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RPT - OPPOSITION TO EC OILS TAX INTACT - MINISTER</TITLE>
+<DATELINE>    LUXEMBOURG, June 17 - </DATELINE><BODY>A minority group of European
+Community countries strong enough to block the adoption of a
+tax on vegetable and marine oils and fats is still intact after
+the EC Commission proposed changes to its proposals earlier
+today, British agriculture minister John MacGregor told
+journalists.
+    He said Britain, West Germany, the Netherlands and Denmark
+continue to oppose the tax after the Commission proposed making
+it temporary and promising compensation to any third countries
+whose exports suffered.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6352" NEWID="18600">
+<DATE>18-JUN-1987 08:46:22.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2879&#31;reute
+r f BC-HARCOURT-BRACE-&lt;HBJ>   06-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARCOURT BRACE &lt;HBJ> CALLS SPECIAL MEETING</TITLE>
+<DATELINE>    ORLANDO, Fla., June 18 - </DATELINE><BODY>Harcourt Brace Jovanovich Inc said
+it has called a special meeting for July 23 for a vote on an
+increase in authorized common shares to 100 mln from 50 mln, an
+increase in preferred shares to 150 mln from 2,500,000 and a
+provision allowing the payment of preferred dividends in stock
+or property as well as cash.
+    The company said June 29 will be the record date for the
+meeting.  Harcourt which is fighting off a takeover bid from
+&lt;British Printing and Communication Corp PLC>, has declared a
+special dividend on common stock of 40 dlrs in cash and 12 pct
+preferred stock with a market value of 10 dlrs per share.
+    The special dividend is to be paid July 27.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6353" NEWID="18601">
+<DATE>18-JUN-1987 08:46:38.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2882&#31;reute
+r f BC-WASHINGTON-BANCORP-&lt;W   06-18 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON BANCORP &lt;WWBC.O> ADDS TO RESERVES</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>Washington Bancorp said it has added
+12 mln dlrs to its reserves for losses on international loans,
+causing a second quarter loss of about nine mln dlrs.
+    The company said it expects a profit for the calendar year
+that will be more than sufficient to cover dividend payments,
+and the current dividend policy will be maintained.  The
+company now pays seven cts per share quarterly.
+    Washington Bancorp earned 2,358,000 dlrs for last year's
+second quarter and 8,179,000 dlrs for all of 1986.  It said
+despite the increased provision, book value at year-end should
+be at least as much as the end-1986 17 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6354" NEWID="18602">
+<DATE>18-JUN-1987 08:46:48.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2883&#31;reute
+r f BC-PENWEST-INC-&lt;PENW.O>   06-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENWEST INC &lt;PENW.O> 3RD QTR MAY 31 NET</TITLE>
+<DATELINE>    BELLEVUE, Wash., June 18 -
+    </DATELINE><BODY>Shr 1.08 dlrs vs 37 cts
+    Net 3,025,000 vs 1,188,000
+    Sales 35.2 mln vs 35.4 mln
+    Avg shrs 2,794,298 vs 3,187,051
+    Nine mths
+    Shr 2.43 dlrs vs 83 cts
+    Net 6,781,000 vs 2,576,000
+    Sales 101.0 mln vs 99.7 mln
+    Avg shrs 2,794,298 vs 3,115,499
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6355" NEWID="18603">
+<DATE>18-JUN-1987 08:47:56.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>eib</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2885&#31;reute
+u f BC-EIB-MAKES-300-MLN-FRA   06-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIB MAKES 300 MLN FRANC LOAN TO PEUGEOT</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>The European Investment Bank said it is
+making a 300 mln franc loan to Peugeot SA &lt;PEUP.PA> to
+restructure the paint works at its Sochaux car factory in
+France.
+    It said the ten-year loan carries interest at 9.15 pct and
+follows a 300 mln franc 8.60 pct ten-year loan the bank made to
+Peugeot last July.
+    Work on the paint shop at Sochaux is part of a 1.3 billion
+franc operation to modernise the group's factories, it added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6356" NEWID="18604">
+<DATE>18-JUN-1987 08:48:36.39</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>netherlands</D><D>brazil</D><D>west-germany</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f2887&#31;reute
+u f BC-EUROPEAN-COFFEE-TRADE   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RPT - EUROPEAN TRADE MAY PROPOSE NEW ICO FORMULA</TITLE>
+<AUTHOR>    By Jeremy Lovell, Reuters</AUTHOR>
+<DATELINE>    AMSTERDAM, June 17 - </DATELINE><BODY>European coffee traders and roasters
+may propose a new formula for calculating International Coffee
+Organization (ICO) coffee quotas at the end of their meeting
+here this week, traders and officials told Reuters.
+    Although traders were unwilling to reveal details of the
+possible new formula, they said it would give Brazil, the
+world's biggest coffee producer, unchanged ICO quotas for the
+next two years and could be a basis for renegotiation.
+    "The main sticking point on quotas has been Brazil's
+attitude, and this compromise could be a solution, " one said.
+    However, the European coffee trade federation meeting,
+which began here today and is to continue to the end of the
+week, has revealed gaps in the European position on
+re-introducing quotas.
+    Traders said that, as a whole, the trade side was against
+re-introduction of ICO quotas, while roasters were generally in
+favour with the single proviso that there had to be some
+formula basis for re-allocating quota shares among producing
+countries.
+    The roasters said the positions were generally fairly
+close, and problems with some Government officials.
+    Germany and Italy were cited as the extremes of polarized
+Government attitudes, with most other countries on the fence.
+    Sources said Germany was the most extreme against quota
+re-introduction, while the Italians were most in favour.
+    "Nevertheless, we expect to find enough common ground by the
+end of the week to at least present a common European Community
+(EC) view at the next meeting of consumer members of the
+International Coffee Agreement (ICA) in July," one trader said.
+    "We hope we can present the compromise proposal and that not
+only the consumer side, but the producer side will accept it,"
+one official said.
+    "We have learned that we can live without the quotas that
+were suspended in February last year, but would prefer the
+stability they can bring to the market as long as we do not
+simply return to the old and outdated status quo as far as
+quota allocation is concerned," he added.
+    Overall, however, trader and roaster opinion on the
+likelihood of a successful re-negotiation was mildly
+pessimistic, varying between a 50-50 chance and 60-40 against.
+    "Our main difficulty will be to persuade the U.S. On the
+consumer side and Brazil on the producer side to agree to quota
+re-introduction, " he said.
+    "The U.S. Position has, if anything, hardened, while the new
+Brazilian Coffee Institute president has adopted the least
+negotiable position of any of his predecessors," one trader
+said.
+    "However, with many producers starting to swing in favour of
+the consumer position that quotas have to be re-allocated under
+a new formula, Brazil is becoming increasingly isolated, which
+gives at least some hope of a compromise at the ICO quota
+meeting in September," the official said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6357" NEWID="18605">
+<DATE>18-JUN-1987 08:48:41.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2888&#31;reute
+r f BC-FIRST-DATA-MANAGEMENT   06-18 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST DATA MANAGEMENT &lt;FDMC.O> COMPLETES MERGER</TITLE>
+<DATELINE>    OKLAHOMA CITY, June 18 - </DATELINE><BODY>First Data Management co Inc said
+it has completed a merger into Firsst Data MAnagement Holding
+co following sharehoplder approval.
+    It said each 100 shares will be exchanged for 1,000 dlrs
+principal amount of 14.375 pct senior subordinated debentures
+due June 15, 2002.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6358" NEWID="18606">
+<DATE>18-JUN-1987 08:48:46.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2889&#31;reute
+d f BC-FROST-AND-SULLIVAN-IN   06-18 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FROST AND SULLIVAN INC &lt;FRSL.O> 3RD QTR</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Qtr ends April 30
+    Shr loss 10 cts vs profit nine cts
+    Net loss 163,465 vs profit 131,815
+    Revs 3,672,731 vs 3,763,829
+    Nine mths
+    Shr profit four cts vs profit one ct
+    Net profit 57,911 vs profit 11,380
+    Revs 11,753,950 vs 10,794,822
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6359" NEWID="18607">
+<DATE>18-JUN-1987 08:49:25.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2892&#31;reute
+d f BC-FROST/SULLIVAN-&lt;FRSL.   06-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FROST/SULLIVAN &lt;FRSL.O> OFFICERS TO SELL SHARES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Frost and Sullivan Inc President Daniel
+Sullivan said he and other executive officers of the company
+have agreed to sell an aggregate of 542,684 shares of common
+stock including shares issuable on exercise of options.
+    In addition, Sullivan said he and other officers would also
+cause to be sold an additional 44,000 shares to Theodore Cross,
+an investor, for 10 dlrs per share.
+    Frost and Sullivan publishes market research reports and
+sponsors management seminars and conferences.
+   
+    Such shares, together with the shares presently held by
+Cross, will give Cross a majority of the outstanding shares of
+the company's common stock, Sullivan said.
+    Sullivan will continue as president and chief executive
+officer, the company said.
+    After consummation of the sale, Cross and his designees
+will be elected to the board and constitute a majority, the
+company said.
+   
+    The company also said stockholders would get 10 dlrs per
+share. The board of directors is expected at its next meeting
+torecommend that the stockholders accept.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6360" NEWID="18608">
+<DATE>18-JUN-1987 08:52:36.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2900&#31;reute
+r f BC-POUGHKEEPSIE-SAVINGS   06-18 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POUGHKEEPSIE SAVINGS &lt;PKPS.O> SETS FIRST PAYOUT</TITLE>
+<DATELINE>    POUGHKEEPSIE, N.Y., June 18 - </DATELINE><BODY>Poughkeepsie Savings Bank
+said its board declared an initial quarterly dividend of 10 cts
+per share, payable July 31 to holders of record July 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6361" NEWID="18609">
+<DATE>18-JUN-1987 08:52:57.94</DATE>
+<TOPICS><D>grain</D><D>rice</D><D>sugar</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2902&#31;reute
+u f BC-INDONESIA-REJECTS-WOR   06-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA REJECTS WORLD BANK FARM REFORM PROPOSALS</TITLE>
+<DATELINE>    JAKARTA, June 18 - </DATELINE><BODY>Indonesia rejected World Bank
+recommendations for sweeping reforms to its farm economy, as
+the country's foreign aid donors met to consider giving it 2.5
+billion dlrs in grants and soft loans.
+    Agriculture Minister Achmad Affandi, in written remarks
+distributed today as Indonesia's 14 foreign donor nations met
+at The Hague, said, "The general argument presented by the Bank
+for this free trade, open economy view is weak."
+    The Bank called for overhauls in how Indonesia manages the
+largest farm area in South-east Asia, and said agricultural
+growth was stagnating under subsisides for rice farming.
+    The Bank report said Indonesia's rice production had peaked
+and the subsidies are a waste of money.
+    Affandi replied that rice is the main staple and provides
+an income for 17 pct of the workforce. The subsidies were
+needed to support the fertilizer industry, including importers,
+exporters, producers and distributors, he said, as well as
+assisting in small part the majority of Indonesian farmers.
+    Affandi agreed with a bank recommendation that farmers
+should be free to choose their own crops, but he said the
+government would continue to maintain production targets for
+"strategic commodities" such as rice and sugar.
+    The Bank report was especially critical of Indonesia's
+drive to plant sugar, saying domestic sugar prices are double
+the world average because of inefficiencies, and the country
+would save money by importing the commodity.
+    However, Affandi said volatile world sugar prices, the need
+to save foreign exchange and an already up-and-running sugar
+industry were good arguments for continuing the sugar drive.
+    He also said import barriers and trade monopolies in the
+agricultural sector were needed to help domestic industry
+develop and because of "over-production and price intervention
+in the developed nations."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6362" NEWID="18610">
+<DATE>18-JUN-1987 08:57:22.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2907&#31;reute
+r f BC-CULP-INC-&lt;CULP.O>-4TH   06-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CULP INC &lt;CULP.O> 4TH QTR MAY TWO NET</TITLE>
+<DATELINE>    HIGH POINT, N.C., June 18 -
+    </DATELINE><BODY>Shr 29 cts vs 23 cts
+    Net 1,262,000 vs 1,002,000
+    Sales 49.9 mln vs 40.3 mln
+    Year
+    Shr 1.18 dlrs vs one dlr
+    Net 5,205,000 vs 4,339,000
+    Sales 180.1 mln vs 150.7 mln
+    NOTE: Prior year net both periods includes gain 900,000
+dlrs from adjustments to LIFO reserves, compensation related
+accruals and a revised effective tax rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6363" NEWID="18611">
+<DATE>18-JUN-1987 08:57:35.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2908&#31;reute
+r f BC-CHOCK-FULL-O'-NUTS-&lt;C   06-18 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHOCK FULL O' NUTS &lt;CHF> SETS STOCK DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Chock Full O' Nuts Corp said its board
+declared a three pct stock dividend, payable July 31 to holders
+of record July Eight.
+    The company also said Page M. Black has resigned from its
+board to devote her attention to charitable affairs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6364" NEWID="18612">
+<DATE>18-JUN-1987 08:58:48.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2912&#31;reute
+s f BC-WOODSTREAM-CORP-&lt;WOD>   06-18 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOODSTREAM CORP &lt;WOD> SETS QUARTERLY</TITLE>
+<DATELINE>    LITITZ, Pa., June 18 -
+    </DATELINE><BODY>Qtly div seven cts vs seven cts prior
+    Pay Aug 17
+    Record July 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6365" NEWID="18613">
+<DATE>18-JUN-1987 08:58:51.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2913&#31;reute
+s f BC-BUELL-INDUSTRIES-INC   06-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUELL INDUSTRIES INC &lt;BUE> SETS QUARTERLY</TITLE>
+<DATELINE>    WATERBURY, Conn., June 18 -
+    </DATELINE><BODY>Qtly div eight cts vs eight cts prior
+    Pay Aug 28
+    Record Aug Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6366" NEWID="18614">
+<DATE>18-JUN-1987 08:59:19.40</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T L 
+&#22;&#22;&#1;f2914&#31;reute
+u f BC-/BUDGET-PACT-CUTS-U.S   06-18 0144</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUDGET PACT CUTS U.S. FARM FUNDS 1.25 BILLION DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>U.S. House and Senate budget
+negotiators agreed as part of an overall budget accord reached
+yesterday, to cut 1.25 billion dlrs from fiscal 1988 spending
+on agricultural programs, Congressional sources told Reuters.
+    The agreed cut in farm programs is a compromise between 1.4
+billion sought by the Senate and one billion by the House.
+    The negotiators also agreed to cut 1.6 billion from the
+farm budget in fiscal 1989 and 2.45 billion in 1990, for a
+total of 5.3 billion in saving over three years, sources said.
+    The agreement presents the House and Senate Agriculture
+committees with difficult choices on how to make changes in
+agriculture programs that achieve the budget savings targets
+without jeopardizing popular support payments, senior
+Congressional aides told Reuters.
+    Some farm state lawmakers already are manuevering to find
+the budget savings.
+    Rep. Dan Glickman, D-Kan., Chairman of the House grains
+subcommittee, has introduced a bill which would freeze wheat
+and corn loan rates for the 1988 crop at the current 2.28 dlrs
+and 1.92 dlrs respectively, saying it would save 500 mln dlrs.
+    House Agriculture Committee chairman Kika De la Garza has
+said the committee will consider the Glickman proposal.
+    But Congressional sources said the proposal is unlikely to
+be approved because of opposition from Republican lawmakers and
+a strong stance by Agriculture Secretary Richard Lyng, who said
+freezing loan rates would send the wrong signal to other major
+grain export competitors and would not achieve the budget
+savings Glickman claims.
+    Another area where Glickman and other have said budget
+savings might be made is to increase acreage reduction program,
+ARP, levels for wheat and corn.
+    However, on this issue also Lyng has taken a strong stand
+within the Reagan administration, arguing that the 1988 crop
+wheat acreage reduction should be left at 27.5 pct and not 30
+pct as sought by the Office of Management and Budget, OMB. Most
+commodity lobbyists expect Lyng to prevail.
+    Congressional sources said the only way to achieve
+significant budget cuts through ARP increases would be to boost
+the 1988 corn ARP. But one informed Congressional source said
+singling-out corn for an ARP increase would would be seen as
+unfair to one commodity.
+    Congressional sources said the areas where Congress is most
+likely to eventually look for budget savings are some
+tightening of the payment limitation rules, and possible 
+adoption of a 0/92 program for the 1988 crops of major grains.
+    Those changes would achieve a portion of the 1.25 billion
+but not enough, they said.
+    Ultimately, Congressional sources said the agriculture
+committees may be forced to apply an across-the-board cut on
+all Commodity Credit Corp. payments to farmers, including price
+support loans and deficiency payments, similar to the
+Gramm-Rudman-Hollings budget cut applied in fiscal 1986.
+    This idea has been suggested by the American Farm Bureau
+Federation, AFBF, as the fairest approach for all commodities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6367" NEWID="18615">
+<DATE>18-JUN-1987 08:59:23.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2915&#31;reute
+r f BC-WOODSTREAM-&lt;WOD>-REVI   06-18 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOODSTREAM &lt;WOD> REVIEWING STRATEGIC PLAN</TITLE>
+<DATELINE>    LITITZ, Pa., June 18 - </DATELINE><BODY>Woodstream Corp said its board will
+hold a special meeting on July 28 to review a "strategic plan"
+developed by management.
+    It gave no details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6368" NEWID="18616">
+<DATE>18-JUN-1987 09:01:08.77</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2919&#31;reute
+b f BC-U.S.-FIRST-TIME-JOBLE   06-18 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FIRST TIME JOBLESS CLAIMS ROSE IN WEEK</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>New applications for unemployment
+insurance benefits rose to a seasonally adjusted 340,000 in the
+week ended June 6 from 310,000 in the prior week, the Labor
+Department said.
+    The number of people actually receiving benefits under
+regular state programs totaled 2,359,000 in the week ended May
+30, the latest period for which that figure was available.
+    That was up from 2,255,000 the previous week.
+     
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6369" NEWID="18617">
+<DATE>18-JUN-1987 09:01:25.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2920&#31;reute
+s f BC-AMERICAN-INFORMATION   06-18 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN INFORMATION TECHNOLOGIES &lt;AIT> PAYOUT</TITLE>
+<DATELINE>    CHICAGO, June 18 -
+    </DATELINE><BODY>Qtly div 1.25 dlrs vs 1.25 dlrs prior
+    Pay Aug One
+    Record June 30
+    NOTE: American Information Technologies Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6370" NEWID="18618">
+<DATE>18-JUN-1987 09:03:47.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2933&#31;reute
+s f BC-INTELLIGENT-SYSTEMS-M   06-18 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELLIGENT SYSTEMS MASTER LP &lt;INP> IN PAYOUT</TITLE>
+<DATELINE>    NORCROSS, Ga., June 18 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay July 10
+    Record June 30                                             
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6371" NEWID="18619">
+<DATE>18-JUN-1987 09:03:56.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2934&#31;reute
+s f BC-BELL-ATLANTIC-CORP-&lt;B   06-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL ATLANTIC CORP &lt;BEL> SETS QTLY DIVIDEND</TITLE>
+<DATELINE>    PHILADELPHIA, Pa., June 18 - 
+    </DATELINE><BODY>Qtly div 96 cts vs 96 cts prior
+    Pay August one
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6372" NEWID="18620">
+<DATE>18-JUN-1987 09:05:15.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iraq</D><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2936&#31;reute
+r f BC-ARAB-MONETARY-FUND-LE   06-18 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARAB MONETARY FUND LENDS IRAQ 71.7 MLN DLRS</TITLE>
+<DATELINE>    ABU DHABI, June 18 - </DATELINE><BODY>The Arab Monetary Fund is to lend Iraq
+71.7 mln dlrs to help to finance its trade with other Arab
+countries, the United Arab Emirates news agency WAM said.
+    The first repayment on the loan will fall due in 30 months
+with full repayment spread over four years. The loan carries
+4.95 pct interest in the first year, rising to 5.85 pct in the
+fourth year.
+    Today's agreement brings total loans by the fund to Iraq
+since 1983 to 390.6 mln dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6373" NEWID="18621">
+<DATE>18-JUN-1987 09:05:26.27</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>qatar</D><D>nigeria</D><D>iran</D><D>libya</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2937&#31;reute
+u f BC-OPEC-DIFFERENTIALS-NO   06-18 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC DIFFERENTIALS NOT SEEN POSING MAJOR PROBLEMS</TITLE>
+<AUTHOR>    By Judith Matloff, Reuters</AUTHOR>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Some OPEC states are unhappy about the
+prices assigned to their crude oil but this should not pose
+great problems when the group reviews its six-month-old price
+and output pact in Vienna next week, oil analysts say.
+    They said Nigeria, which holds the OPEC conference
+presidency, and Qatar probably have the biggest grievances
+about price differentials making some of their crudes
+uncompetitive.
+    There has also been speculation by Japanese traders that
+OPEC might want to mark up prices of high-sulphur heavy crudes,
+to correspond with greater demand and higher fuel oil prices.
+    But most experts agree that a major overhaul of price
+differentials is unlikely, so as to avoid giving the market
+signals of a dent in OPEC's new unity.
+    "All OPEC members can make a good case for changing
+differentials," said one analyst with a major oil company. "But
+at the end of the day, the attitude is going to be "leave well
+alone' and little or nothing is likely to be altered."
+    Iran, Libya and Saudi Arabia are among those who also saw
+sales problems earlier this year, traders say. But diminished
+customer resistance to fixed prices and, in some cases,
+marketing incentives have helped their sales.
+    Some producers can sell uncompetitively priced crudes by
+means of discounts, processing deals or selling them alongside
+better priced grades in a "package."
+    Many OPEC crudes are seen to be reasonably priced, at least
+for some part of the year. But many experts say OPEC should
+change prices quarterly or monthly to match seasonal demand for
+fuel oil-rich heavy crudes and gasoline-rich lighter grades. At
+its last meeting in December, OPEC agreed to reintroduce fixed
+prices from February 1 around an 18 dlr per barrel reference
+point. Official prices had been effectively dropped in 1985
+when members offered discounts to attract customers.
+    OPEC also decided to limit first-half 1987 output to 15.8
+mln bpd and proposed ceilings of 16.6 mln for the third quarter
+and 18.3 mln for the fourth. Analysts expect it will now extend
+or raise slightly the current ceiling for the coming months.
+    Spot market and netback values for some crudes do not
+mirror official prices, but OPEC will probably keep the 18 dlr
+target and at most make minimal changes to differentials,
+analysts say.
+    The 18 dlr figure is based on a basket of six OPEC and one
+non-OPEC crudes. OPEC assigned prices to its other key export
+crudes, with a 2.65 dlr gap between the heaviest and lightest.
+Extra heavy crudes were among those left out.
+    Industry estimates vary on the proportion of OPEC oil
+exports actually sold at official prices. Several experts say
+only one-quarter to one-third of the total in fact sells at
+official prices, with some of the rest included in processing
+or barter deals or sold in the form of refined products.
+    Problems with the new structure appeared earlier this year,
+when some producers' output fell due to customer reluctance to
+pay the new prices.
+   Nigeria especially found its gasoline-rich Bonny Light crude
+-- now OPEC's highest priced grade at 18.92 dlrs a barrel --
+was uncompetitive on the spot market against Britain's Brent.
+    In February and March, Nigeria's production shrank below
+its 1.238 mln bpd OPEC quota. Spot prices have since revived,
+due partly to seasonal demand for gasoline, and its output has
+risen.
+    Some experts feel Bonny Light is still overvalued and say
+its price should be cut by between 50 cts to one dlr a barrel.
+    But Mehdi Varzi, chief oil analyst with London's Kleinwort
+Grieveson Securities, doubts Nigeria will actively push the
+differentials question in Vienna.
+    "It would not look good for OPEC unity if Nigeria, which
+holds the presidency, raised the issue," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6374" NEWID="18622">
+<DATE>18-JUN-1987 09:07:37.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2941&#31;reute
+s f BC-RYLAND-GROUP-INC-&lt;RYL   06-18 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RYLAND GROUP INC &lt;RYL> IN PAYOUT</TITLE>
+<DATELINE>    COLUMBIA, Md., June 18 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay July 30
+    Record July 15
+                                                 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6375" NEWID="18623">
+<DATE>18-JUN-1987 09:07:42.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2942&#31;reute
+s f BC-IPCO-CORP-&lt;IHS>-IN-PA   06-18 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IPCO CORP &lt;IHS> IN PAYOUT</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., June 18 -
+    </DATELINE><BODY>Qtly div nine cts vs nine cts prior
+    Pay July 31
+    Record July Nine
+                                                 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6376" NEWID="18624">
+<DATE>18-JUN-1987 09:09:17.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2945&#31;reute
+d f BC-SAXON-OIL-&lt;SAXO.O>-SE   06-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAXON OIL &lt;SAXO.O> SETS REDUCTION IN STOCK</TITLE>
+<DATELINE>    DALLAS, June 17 - </DATELINE><BODY>Saxon Oil Co said stockholders at its
+recent annual meeting approved, among other things, a 1-for 15
+reduction in the number of outstanding shares of common stock.
+    The company said stockholders also approved the reelection
+of the four directors of the company and the authorization of a
+change in the state of incorporation of the company from Texas
+to Delaware.
+    Saxon said it will defer completion of the reincorporation
+and the reduction in shares pending satisfactory resolution of
+certain federal income tax consequences of such actions.
+   
+    Also approved at the meeting was a proposal for
+indemnification agreements to be entered into with the
+directors and executive officers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6377" NEWID="18625">
+<DATE>18-JUN-1987 09:10:10.23</DATE>
+<TOPICS><D>money-fx</D><D>nzdlr</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>douglas</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2948&#31;reute
+u f BC-NEW-ZEALAND-BUDGET-FO   06-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND BUDGET FORECAST SEEN AS POSITIVE</TITLE>
+<DATELINE>    WELLINGTON, June 18 - </DATELINE><BODY>Analysts said they were surprised at
+the government's announcement of a forecast budget surplus for
+fiscal 1988 but said it was consistent with previous policy
+statements and positive for the economy.
+    Finance Minister Roger Douglas predicted a budget surplus
+for the year ending March 1988 of 379 mln New Zealand dlrs
+against a 1.95 billion deficit last year.
+    Analysts polled by Reuters said the forecast budget surplus
+was even more positive than the most bullish analysts'
+forecasts and that this was good news for financial markets.
+    Market expectations among analysts questioned by Reuters
+before the budget varied widely between a balanced budget and a
+2.3 billion dlr deficit. But none predicted a surplus.
+    The forecast initially looks positive for both the bond and
+the foreign exchange markets, one analyst said. Paradoxically,
+the New Zealand dollar could rise in the medium term, despite
+lower interest rates, as overseas investors became more
+confident about investing in New Zealand, he said.
+    However, some foreign exchange dealers disagreed, saying
+the local dollar is primarily interest rate driven and will
+move lower.
+    The local dollar dropped to 0.5940/50 U.S. Dlrs in after
+hours trading, against 0.5970/77 just before the budget
+release.
+    Analysts said the budget was also positive for the share
+market, despite an increase in the contribution of company
+taxation to revenue figures.
+    One equities analyst predicted that the budget surplus
+announcement could push the share market up by 50 points
+tomorrow.
+    The Budget statement was broadly as expected, with a
+continuation of existing policies, and the absence of
+traditional pre-election incentives would be viewed positively
+by overseas investors, another said.
+    But one merchant bank economist said that certain anti-tax
+avoidance measures could damage some sectors of the share
+market, particularly multi-national companies.
+    The government is also lowering its borrowing requirements,
+through bond tenders, as a result of the surplus. The
+requirement for the rest of the year is now down to 950 mln
+N.Z. Dlrs from a predicted 1.75 billion.
+    Predicted revenue in the Budget looked sustainable and
+there appeared to be no holding back on expenditure, another
+economist said. He added that the document seemed entirely
+credible.
+    "Altogether it looks good for Labour's election prospects,"
+he said.
+    An election is due before the end of September.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6378" NEWID="18626">
+<DATE>18-JUN-1987 09:14:47.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2962&#31;reute
+s f BC-&lt;BURKE-PARSONS-BOWLBY   06-18 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BURKE-PARSONS-BOWLBY CORP> SETS QUARTERLY</TITLE>
+<DATELINE>    RIPLEY, W.Va., June 18 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay Aug 14
+    Record July 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6379" NEWID="18627">
+<DATE>18-JUN-1987 09:16:39.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2970&#31;reute
+u f BC-GENERAL-INSTRUMENT-CO   06-18 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL INSTRUMENT CORP &lt;GRL> 1ST QTR MAY 31</TITLE>
+<DATELINE>    NEW YORK, June 18 -
+    </DATELINE><BODY>Shr 37 cts vs eight cts
+    Net 12.0 mln vs 5.1 mln
+    Revs 280.1 mln vs 155.9 mln
+    Backlog 625.7 mln vs 451.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6380" NEWID="18628">
+<DATE>18-JUN-1987 09:16:54.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2972&#31;reute
+r f BC-ACA-JOE-&lt;ACAJ.O>-ACCO   06-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACA JOE &lt;ACAJ.O> ACCOUNTANT TO QUALIFY REPORT</TITLE>
+<DATELINE>    SAN FRANCISCO, June 18 - </DATELINE><BODY>Aca Joe Inc said Touche Ross and
+Co, intends to qualify its report on Aca Joe's year ended
+January 31 because of uncertainty about the company's ability
+as a going concern.
+    The company, which had previously projected "substantial
+losses" for fiscal 1987, said it now expects to report a loss
+from operations of about five mln dlrs, or 35 cts a share, on
+sales of about 23 mln dlrs. For fiscal 1986, Aca Joe reported a
+profit of 860,998 dlrs.
+    The company also said it is reviewing its alternatives with
+its lenders and financial advisers.
+    Aca Joe said it and Touche Ross have not yet resolved the
+proper accounting treatment of certain assets on the company's
+balance sheet.
+    As a result of these unresolved issues, the company said,
+it has been unable to finalize its audited financial statements
+for fiscal 1987 and file its annual report on form 10-K with
+the Securities and Exchange Commission. Aca Joe said it also
+has been unable to comply with the SEC's timely filing
+requirements of its 10-Q report for the quarter ended May 2.
+   
+    Involved in the dispute, Aca Joe said, is the
+recoverability of intangible assets totalling about five mln
+dlrs arising from the acquisition of Aca Joe Intercon Ltd and
+Aca Joe Eastern Ltd, and the recoverability of about one mln
+dlrs of ACA JOE trademark rights which were purchased by the
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6381" NEWID="18629">
+<DATE>18-JUN-1987 09:17:01.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2974&#31;reute
+r f BC-CYTOGEN-&lt;CYTO.O>-HOLD   06-18 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYTOGEN &lt;CYTO.O> HOLDERS APPROVE PREFERRED STOCK</TITLE>
+<DATELINE>    PRINCETON, N.J., June 18 - </DATELINE><BODY>Cytogen Corp said shareholders
+at the annual meeting approved the authorization of 5,400,000
+preferred shares and increased by 800,000 shares the number of
+common shares that can be sold under its stock option plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6382" NEWID="18630">
+<DATE>18-JUN-1987 09:17:29.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2978&#31;reute
+r f BC-MULTI-LOCAL-MEDIA-&lt;ML   06-18 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULTI-LOCAL MEDIA &lt;MLMC.O> INITIAL OFFER STARTS</TITLE>
+<DATELINE>     NEW YORK, June 18 - </DATELINE><BODY>Lead underwriters Kidder, Peabody and
+Co Inc and Shearson Lehman Brothers Holdings Inc &lt;SHE> said an
+initial public offering of two mln common shares of Multi-Local
+Media Corp is underway at 10.50 dlrs a share.
+    Underwriters have been granted an overallotment option to
+purchase up to 300,000 more shares, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6383" NEWID="18631">
+<DATE>18-JUN-1987 09:17:45.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2980&#31;reute
+r f BC-cominco   06-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMINCO &lt;CLT> PLANS CANADIAN STOCK ISSUE</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, June 18 - </DATELINE><BODY>Cominco Ltd said it
+plans to issue units in Canada containing common share purchase
+warrants indexed to zinc and copper prices.
+    Each unit will consist of one deferred retractable
+redeemable share and one warrant, which will be indexed to
+average market prices of zinc and copper on the exercise date.
+    Issue size, timing and terms have not yet been determined.
+    Cominco said it would use proceeds to reduce bank loans and
+other short-term debt. Underwriters are Nesbitt Thomson Deacon
+Inc, Dominion Securities Inc and Pemberton Houston Willoughby
+Bell Gouinlock Inc.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6384" NEWID="18632">
+<DATE>18-JUN-1987 09:17:54.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2981&#31;reute
+d f BC-INTER-REGIONAL-&lt;IFG>   06-18 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTER-REGIONAL &lt;IFG> UNIT TO REDEEM NOTES</TITLE>
+<DATELINE>    MINNEAPOLIS, June 18 - </DATELINE><BODY>Inter-Regional Financial Group Inc
+said IFG Leasing Co, a discontinued subsidiary, will redeem,
+effective August One, the 4.0 mln dlr outstanding balance of
+its 11-1/2 pct subordinated notes due Aug 1, 1988.
+    It said it also will redeem, effective September One, the
+3.5 mln dlr outstanding balance of its 13 pct junior
+subordinated notes due Sept 1, 1990.
+    The company said it expects to redeem the final 4.2 mln
+dlrs of its subordinated debt by the end of September.
+    Separately, Inter-Regional Financial said it completed an
+agreement with a group of banks for a new two-year 30 mln dlr
+revolving credit facility.
+    It said the agreement replaces its current 18 mln dlr
+revolving credit agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6385" NEWID="18633">
+<DATE>18-JUN-1987 09:18:20.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2984&#31;reute
+r f BC-ENVIRONMENTAL-POWER-&lt;   06-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIRONMENTAL POWER &lt;POWR.O> TO OFFER SHARES</TITLE>
+<DATELINE>    BOSTON, June 18 - </DATELINE><BODY>Environmental Power Corp said it has
+filed for an offering of two mln common shares through
+underwriters led by Drexel Burnham Lambert Inc.
+    The company said it will use 400,000 dlrs of the proceeds
+to pay part of the purchase price for Milesburg Energy Inc and
+the rest to repay up to one mln dlrs in short-term debt and for
+general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6386" NEWID="18634">
+<DATE>18-JUN-1987 09:18:47.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2986&#31;reute
+r f BC-BSD-MEDICAL-&lt;BSDM.O>   06-18 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BSD MEDICAL &lt;BSDM.O> SELLS SECURITIES PRIVATELY</TITLE>
+<DATELINE>    SALT LAKE CITY, June 18 - </DATELINE><BODY>BSD Medical Corp said it has
+received 1,400,000 dlrs of equity capital from the private sale
+of securities to two investment partnerships and director Alan
+L. Himber.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6387" NEWID="18635">
+<DATE>18-JUN-1987 09:20:01.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2989&#31;reute
+r f BC-AMERICAN-BIOMATERIALS   06-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN BIOMATERIALS &lt;ABCI.O> IN RIGHTS OFFER</TITLE>
+<DATELINE>    PRINCETON, N.J., June 18 - </DATELINE><BODY>American Biomaterials Corp said
+it will issue one transferable right to each shareholder of
+record yesterday for each three shares held.
+    It said each of the 2,920,280 rights allows the holder to
+buy one common share for three dlrs until July 15 expiration.
+    The company said Hallwood Group Inc &lt;HWG> has agreed to buy
+all shares not purchased in the rights offering, except those
+connected with rights issued to current and former directors
+owning a 30.2 pct interest.  Persons exercising rights will be
+able to oversubscribe, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6388" NEWID="18636">
+<DATE>18-JUN-1987 09:24:42.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3003&#31;reute
+f f BC-LINCOLN-TELECOM   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LINCOLN TELECOMMUNICATIONS RAISES DIVIDEND, VOTES
+TWO-FOR-ONE SPLIT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6389" NEWID="18637">
+<DATE>18-JUN-1987 09:27:27.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f3008&#31;reute
+r f BC-DUTCH-BUTTER-CONSUMPT   06-18 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH BUTTER CONSUMPTION UP, MARGARINE LOWER</TITLE>
+<DATELINE>    ROTTERDAM, June 18 - </DATELINE><BODY>Dutch butter consumption rose at the
+expense of margarine last year partly because of the European
+Community's (EC) cheap butter schemes, the Commodity Board for
+Margarine, Fats and Oils (MVO), said.
+    Butter consumption rose to 4.1 kilos per head in 1986 from
+four kilos in 1985, while margarine consumption including low
+fat margarine, fell to 14 kilos per head from 14.3 kilos.
+    The low fat margarine figure remained static at 2.6 kilos
+per head, while ordinary margarine fell from 11.7 kilos per
+head to 11.4 kilos.
+    However, cheap butter schemes may not be the only
+contributory factor in the changes. The MVO figures show a
+fairly steady rise in total butter consumption and fall in
+margarine consumption since 1973.
+    A graph produced in the MVO annual report shows total Dutch
+margarine consumption in 1973 at just under 210,000 tonnes
+against around 165,000 in 1986.
+    The same graph shows total butter consumption in 1973 at
+just over 30,000 tonnes compared with just short of 60,000
+tonnes last year.
+    However, during the same period total Dutch edible fat and
+oil consumption on a fat content basis has risen from around
+345,000 tonnes to 360,000 tonnes, or an average of 24.8 kilos
+per head in 1986.
+    The graph shows that most of the increase has come from
+butter and household cooking oil usage.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6390" NEWID="18638">
+<DATE>18-JUN-1987 09:27:39.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3010&#31;reute
+u f BC-MR.-ROOTER-&lt;ROOT.O>-R   06-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MR. ROOTER &lt;ROOT.O> RESCINDS UNITED WESTERN PACT</TITLE>
+<DATELINE>    OKLAHOMA CITY, June 18 - </DATELINE><BODY>Mr. Rooter Corp said it rescinded
+a recent agreement calling for &lt;United Western Energy Corp> to
+to buy a majority of Mr. Rooter's stock for four dlrs a share.
+    The company said it has also demanded repayment of a
+150,000 dlr loan made to United Western.
+    Since announcing the agreements, Mr. Rooter said, it
+discovered additional information relating to United Western
+and the unaffiliated privately held corporation which had
+guaranteed all of United Western's obligations under the
+agreements.
+    Mr. Rooter said the agreements were rescinded d"in light of
+this additional information," without providing details.
+    It said talks are in progress with United Western with
+regard to the repayment terms of the loan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6391" NEWID="18639">
+<DATE>18-JUN-1987 09:28:51.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3013&#31;reute
+f f BC-COMPUTER-DEPOT   06-18 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COMPUTER DEPOT SAID IT WILL CEASE OPERATIONS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6392" NEWID="18640">
+<DATE>18-JUN-1987 09:31:59.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3021&#31;reute
+b f BC-LINCOLN-TELECOM-&lt;LTEC   06-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINCOLN TELECOM &lt;LTEC.O> VOTES INCREASE, SPLIT</TITLE>
+<DATELINE>    LINCOLN, NEB., June 18 - </DATELINE><BODY>Lincoln Telecommunications Co said
+its directors voted to increase the quarterly dividend to 58
+cts a share from 55 cts payable July 10, record June 30.
+    The company also said its board voted a two-for-one stock
+split to holders of record July 31.
+    Lincoln Telecommunications said during the second quarter
+holders of 8.9 mln dlrs of its subordinated convertible notes
+had, in response to notice of prpeayment issued by the company,
+converted their holdings to 273,844 shares of common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6393" NEWID="18641">
+<DATE>18-JUN-1987 09:32:13.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3024&#31;reute
+s f BC-C.R.I.-INSURED-MORTGA   06-18 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C.R.I. INSURED MORTGAGE INVESTMENTS &lt;CRM> PAYOUT</TITLE>
+<DATELINE>    ROCKVILLE, Md., June 18 -
+    </DATELINE><BODY>Mthly div 16-1/2 cts vs 16-1/2 cts prior
+    Pay Aug 15
+    Record June 30
+    NOTE: C.R.I. Insured Mortgage Investments LP.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6394" NEWID="18642">
+<DATE>18-JUN-1987 09:33:16.05</DATE>
+<TOPICS><D>grain</D><D>rice</D><D>sugar</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T G 
+&#22;&#22;&#1;f3029&#31;reute
+r f BC-INDONESIA-REJECTS-WOR   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA REJECTS WORLD BANK FARM REFORM IDEAS</TITLE>
+<DATELINE>    JAKARTA, June 18 - </DATELINE><BODY>Indonesia rejected World Bank
+recommendations for sweeping reforms to its farm economy, as
+the country's foreign aid donors met to consider giving it 2.5
+billion dlrs in grants and soft loans.
+    Agriculture Minister Achmad Affandi, in written remarks
+distributed today as Indonesia's 14 foreign donor nations met
+at The Hague, said, "The general argument presented by the Bank
+for this free trade, open economy view is weak."
+    The Bank called for overhauls in how Indonesia manages the
+largest farm area in South-east Asia, and said agricultural
+growth was stagnating under subsidies for rice farming.
+    The Bank report said Indonesia's rice production had peaked
+and the subsidies are a waste of money.
+    Affandi replied that rice is the main staple and provides
+an income for 17 pct of the workforce. The subsidies were
+needed to support the fertilizer industry, including importers,
+exporters, producers and distributors, he said, as well as
+assisting in small part the majority of Indonesian farmers.
+    Affandi agreed with a bank recommendation that farmers
+should be free to choose their own crops, but he said the
+government would continue to maintain production targets for
+"strategic commodities" such as rice and sugar.
+    The Bank report was especially critical of Indonesia's
+drive to plant sugar, saying domestic sugar prices are double
+the world average because of inefficiencies, and the country
+would save money by importing the commodity.
+    However, Affandi said volatile world sugar prices, the need
+to save foreign exchange and an already up-and-running sugar
+industry were good arguments for continuing the sugar drive.
+    He also said import barriers and trade monopolies in the
+agricultural sector were needed to help domestic industry
+develop and because of "over-production and price intervention
+in the developed nations."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6395" NEWID="18643">
+<DATE>18-JUN-1987 09:34:01.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3035&#31;reute
+f f BC-GILLETTE-SAYS-R   06-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GILLETTE SAYS REVLON ASKED ITS BOARD TO CONSENT TO 40.50
+DLRS PER SHARE OFFER
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6396" NEWID="18644">
+<DATE>18-JUN-1987 09:35:53.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3044&#31;reute
+f f BC-LIBERTY-FINANCI   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LIBERTY FINANCIAL SAYS IT AGREES TO BE ACQUIRED BY
+EQUIMARK FOR 48 DLRS PER SHARE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6397" NEWID="18645">
+<DATE>18-JUN-1987 09:35:58.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3045&#31;reute
+f f BC-PRICE-CO-3RD-QT   06-18 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PRICE CO 3RD QTR SHR 30 CTS VS 24 CTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6398" NEWID="18646">
+<DATE>18-JUN-1987 09:38:25.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3053&#31;reute
+u f BC-PRICE-CO-&lt;PCLB.O>-3RD   06-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRICE CO &lt;PCLB.O> 3RD QTR JUNE SEVEN NET</TITLE>
+<DATELINE>    SAN DIEGO, June 18 -
+    </DATELINE><BODY>Shr 30 cts vs 24 cts
+    Net 14.7 mln vs 11.3 mln
+    Sales 738.9 mln vs 605.1 mln
+    Avg shrs 49.0 mln vs 47.9 mln
+    Nine mths
+    Shr 1.11 dlrs vs 93 ctsd
+    Net 54.2 mln vs 42.9 mln
+    Sales 2.45 billion vs 1.95 billion
+    Avg shrs 48.9 mln vs 46.4 mln
+    NOTE: Twelve- and 40-week periods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6399" NEWID="18647">
+<DATE>18-JUN-1987 09:38:57.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3055&#31;reute
+s f BC-FIRSTCORP-INC-&lt;FCR>-S   06-18 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRSTCORP INC &lt;FCR> SETS QUARTERLY</TITLE>
+<DATELINE>    RALEIGH, N.C., June 18 -
+    </DATELINE><BODY>Qtly div nine cts vs nine cts prior
+    Pay July 31
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6400" NEWID="18648">
+<DATE>18-JUN-1987 09:39:20.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3058&#31;reute
+r f BC-MEDCHEM-PRODUCTS-INC   06-18 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDCHEM PRODUCTS INC &lt;MDCH.O> 3RD QTR NET</TITLE>
+<DATELINE>    ACTION, Mass., June 18 - </DATELINE><BODY>Qtr ends May 31
+    Shr 20 cts vs eight cts
+    Net 509,043 dlrs vs 202,473 dlrs
+    Revs 2,106,462 dlrs vs 1,158,621 dlrs
+    Nine mths
+    Shr 58 cts vs 50 cts
+    Net 1,465,271 dlrs vs 1,240,773 dlrs
+    Revs 5,854,819 dlrs vs 4,640,687 dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6401" NEWID="18649">
+<DATE>18-JUN-1987 09:39:51.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3063&#31;reute
+r f BC-CEDAR-FAIR-LP-&lt;FUN>-S   06-18 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CEDAR FAIR LP &lt;FUN> SETS INITIAL DIVIDEND</TITLE>
+<DATELINE>    SANDUSKY, Ohio, june 18 - </DATELINE><BODY>Cedar Fair LP said its board
+declared an initial prorated quarterly dividend of 17 cts per
+share, payable August 14 to holders of record June 30.
+    The partnership said it expects distributions for the third
+and fourth quarters to meet the rate of 26-1/4 cts it had
+predicted previously.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6402" NEWID="18650">
+<DATE>18-JUN-1987 09:40:14.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3064&#31;reute
+b f BC-COMPUTER-DEPOT-&lt;CDPT.   06-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER DEPOT &lt;CDPT.O> TO CEASE OPERATIONS</TITLE>
+<DATELINE>    EDEN PRAIRIE, MINN., June 18 - </DATELINE><BODY>Computer Depot Inc said it
+will cease operations and liquidate its assets.
+    The decision results from the termination of the company's
+line of credit by its asset-based lender and demand by the
+lender for immediate payment of all amounts due, it said.
+    Computer Depot said it will stop trading in its shares.
+Upon liquidation of the company, no accounts are expected to be
+available for distribution to shareholders after payments to
+creditors, it said.
+    In December 1985, Computer Depot, which sold personal
+computer systems and software, filed for reorganization under
+Chapter 11 of the U.S. Bankruptcy Code. Its plan of
+reorganization was approved in December 1986.
+    The company said that yesterday, after demand by its
+lender, it agreed to voluntarily surrender its inventory,
+accounts receivable and other collateral.
+    Operations are dependent upon financing and efforts to
+obtain financing, including potential buyers and merger
+candidates, have been unsuccessful, it said. Computer Depot
+said the company will eventually be liquidated.
+    Computer Depot reported a loss of 591,000 dlrs for its
+second fiscal quarter ended May 2, 1987, after showing a profit
+of 237,000 dlrs for its first quarter, which included the
+Christmas selling season.
+    The company previously reported that sales and margins
+after January had been below expectations, due to uncertainty
+in the in the retail market following recent product
+announcements by International Business Machines &lt;IBM>.
+    Computer Depot auditors, Arthur Andersen and Co, qualified
+its recent financial statements citing several risks in the 
+company's ability to continue as a going concern.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6403" NEWID="18651">
+<DATE>18-JUN-1987 09:41:04.22</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y 
+&#22;&#22;&#1;f3068&#31;reute
+u f BC-WESTCOAST-&lt;WTC>-TO-AC   06-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTCOAST &lt;WTC> TO ACQUIRE AGIP PROPERTIES</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, June 18 - </DATELINE><BODY>Westcoast
+Transmission Co Ltd said it agreed to acquire the Western
+Canada oil and gas reserves and properties of AGIP Canada Ltd,
+a subsidiary of AGIP SpA, part of Italy's ENI group, for 54 mln
+Canadian dlrs.
+    At the end of 1986, AGIP Canada reported proven and
+probable reserves of 4.2 mln barrels of crude oil and natural
+gas liquids and 22.7 billion cubic feet of natural gas. AGIP
+Canada also holds 176,000 net exploratory acres in Western
+Canada. Its properties produce about 1,100 barrels of oil a
+day.
+    The deal is subject to approval by both companies'
+directors.
+    Westcoast said the acquisition would enable it to apply
+more than 150 mln dlrs of accumulated tax pools of AGIP Canada
+Ltd to enhance after-tax cash flow from the acquired
+properties.
+    AGIP Canada said it would retain offshore exploration
+blocks in Labrador, a gold mine in Yukon Territory and uranium
+interests in Saskatchewan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6404" NEWID="18652">
+<DATE>18-JUN-1987 09:41:12.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3069&#31;reute
+u f BC-GREAT-WESTERN-&lt;GWF>-O   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT WESTERN &lt;GWF> OFFERS 2.5 MLN COMMON SHARES</TITLE>
+<DATELINE>    BEVERLY HILLS, June 18 - </DATELINE><BODY>Great Western Financial Corp said
+it is offering 2,513,200 common shares at a price of 20.625
+dlrs per share.
+    The company said the shares are being offered in connection
+with the conversion of SunPoint Savings Bank FSB of Lake Worth
+Fla to stock from mutual form and its simultaneous merger into
+Great Western Bank, a federal savings bank owned by Great
+Western Financial.
+    Great Western Bank said it has received Federal Home Loan
+Bank Board approval to acquire SunPoint Savings, which has
+assets of about 730 mln dlrs.
+   
+    Great Western noted the conversion merger recently won the
+approval of 94 pct of SunPoint's members -- a group comprising
+the depositors and borrowers of that company. The merger is
+expected to be completed by June 25.
+    Great Western said depositors and employees of SunPoint
+will purchase 56,500 shares of Great Western's common at the
+same price in a subscription offering. Proceeds of both the
+public and subscription offerings will be contributed to Great
+Western Bank and used in its lending operations.
+    The offering will be underwritten by Shearson Lehman
+Brothers Inc and Goldman Sachs and Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6405" NEWID="18653">
+<DATE>18-JUN-1987 09:42:26.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L 
+&#22;&#22;&#1;f3072&#31;reute
+u f BC-slaughter-guesstimate   06-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, June 18 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 262,000 to 275,000 head versus
+278,000 week ago and 277,000 a year ago.
+    Cattle slaughter is guesstimated at about 126,000 to
+130,000 head versus 131,000 week ago and 132,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6406" NEWID="18654">
+<DATE>18-JUN-1987 09:43:36.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3075&#31;reute
+r f BC-LOMAS-AND-NETTLETON-&lt;   06-18 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOMAS AND NETTLETON &lt;LNF> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    DALLAS, June 17 - </DATELINE><BODY>Lomas and Nettleton Financial Corp said
+it has agreed in principle to acquire Houston discount
+brokerage firm Texas First Brokerage Services Inc for
+undisclosed terms, subject to regulatory approvals.
+    It said completion is expected by July 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6407" NEWID="18655">
+<DATE>18-JUN-1987 09:45:12.75</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E 
+&#22;&#22;&#1;f3078&#31;reute
+f f BC-SHELL-CANADA-RA   06-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SHELL CANADA RAISES CRUDE OIL POSTING 32 CANADIAN CTS/BBL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6408" NEWID="18656">
+<DATE>18-JUN-1987 09:45:19.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f3079&#31;reute
+b f BC-NO-FRENCH-EXPORT-REQU   06-18 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO FRENCH EXPORT REQUESTS FOR EC CEREAL TENDER</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>French operators did not request any
+export licences at today's European Community weekly cereal
+tender, trade sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6409" NEWID="18657">
+<DATE>18-JUN-1987 09:46:04.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y 
+&#22;&#22;&#1;f3082&#31;reute
+u f BC-BP-CANADA-&lt;BPC.TO>-PR   06-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BP CANADA &lt;BPC.TO> PROCEEDING WITH PROJECT</TITLE>
+<DATELINE>    CALGARY, Alberta, June 18 - </DATELINE><BODY>BP Canada Inc, 64 pct-owned by
+British Petroleum Co PLC, said it and state-owned Petro-Canada
+were proceeding with Wolf Lake 2, the second phase of a
+bitumen-recovery project in Wolf Lake, Alberta.
+    The expansion, with an estimated pre-start up cost of 200
+mln dlrs, will add 15,000 barrels a day to current capacity of
+8,000 barrels a day.
+    Construction will start in early 1988, with 248 wells
+drilled initially and 975 more wells to be added over the
+project's 25-year life, BP Canada said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6410" NEWID="18658">
+<DATE>18-JUN-1987 09:46:18.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3083&#31;reute
+b f BC-LIBERTY-FINANCIAL-ANN   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIBERTY FINANCIAL ANNOUNCES MERGER WITH EQUIMARK</TITLE>
+<DATELINE>    HORSHAM, Pa., June 18 - </DATELINE><BODY>Liberty Financial Group Inc, the
+parent of Liberty Savings Bank said it has signed a definitive
+agreement to be acquired by Equimark Corp &lt;EQK>, the parent of
+Equibank, for 48 dlrs a share of Liberty.
+    The transaction is structured as a merger of Liberty with a
+duly-formed unit of Equimark, the company said.
+    Liberty shareholders will receive about 48 dlrs per share
+uopn the merger, the company said.
+    According to the companies, the acquisition is contingent
+upon the approval of Liberty's shareholders and the appropriate
+regulatory authorities.
+   
+    Liberty said the acquisition of its unit, Liberty Savings
+Bank, by Equimark Corp, will result in the bank operating as a
+separate wholly owned unit of Equimark.
+    Charles Cheleden, chairman and president of Liberty
+Financial and Liberty Savings, will continue as president and
+chief executive officer of Liberty Savings, headquartered in
+Horsham, Pa., the company said.
+    Liberty said it feels that the price of 48 dlrs in cash per
+share is attractive and that it has advised by Shearson Lehman
+Brothers that the price is fair.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6411" NEWID="18659">
+<DATE>18-JUN-1987 09:46:48.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3084&#31;reute
+r f BC-GE-&lt;GE>-GETS-250-MLN   06-18 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> GETS 250 MLN DLR ENGINE ORDER</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>General Electric Co said it has
+received contracts worth 250 mln dlrs, including options, to
+supply its CF6-80C2 engines for the 747-400 and MD-11 airliners
+ordered from Boeing Co &lt;BA> and McDonnell Douglas Corp &lt;MD>
+respectively by Thai Airways International.
+    The company said it also received a 16 mln dlr order from
+Thai Air for CF6-50 engines on a McDonnell Douglas DC-10 Series
+30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6412" NEWID="18660">
+<DATE>18-JUN-1987 09:48:34.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3089&#31;reute
+b f BC-/GILLETTE-&lt;GS>-GETS-O   06-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GILLETTE &lt;GS> GETS OFFER FROM REVLON &lt;REV></TITLE>
+<DATELINE>    BOSTON, June 18 - </DATELINE><BODY>Gillette Co said Revlon Group made an
+unsolicited request, asking the Gillette board to allow Revlon
+to make a cash offer for all Gillette shares of at least 40.50
+dlrs per share.
+    Gillette said consent for the bid is required under a
+standstill agreement between Revlon and Gillette before Revlon
+can make any move on Gillette's stock.
+    In November 1986, Revlon made an unsolicited offer for
+Gillette shares, Gillette said.
+    Subsequently, Revlon withdrew its offer, sold back to
+Gillette the shares it owned at that time and entered into the
+standstill agreement.
+    The Gillette board of directors has a regularly scheduled
+meeting this afternoon, and Gillette said it anticipates making
+a statement after that meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6413" NEWID="18661">
+<DATE>18-JUN-1987 09:53:56.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f3104&#31;reute
+u f AM-BRAZIL-STRIKE   06-18 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZILIAN UNION PROPOSES GENERAL STRIKE</TITLE>
+<DATELINE>    SAO PAULO, June 18 - </DATELINE><BODY>The national executive of Brazil's
+most militant trade union group has proposed a general strike
+for July 15 in protest at the government's austerity program.
+    A spokeswoman for the Workers' Confederation (CUT) told
+Reuters the proposal would be discussed within the trade union
+movement. On Friday the government of President Jose Sarney
+introduced austerity measures to try to combat the country's
+high inflation rate, currently running at more than 1,000 pct a
+year.
+    It scrapped a trigger mechanism which had guaranteed
+regular pay rises in line with high inflation.
+    Trade unions say real wages are dropping by about a third.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6414" NEWID="18662">
+<DATE>18-JUN-1987 09:56:11.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T 
+&#22;&#22;&#1;f3114&#31;reute
+u f AM-BRAZIL-STRIKE   06-18 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL UNION PROPOSES GENERAL STRIKE FOR JULY 15</TITLE>
+<DATELINE>    SAO PAULO, June 18 - </DATELINE><BODY>The national executive of Brazil's
+most militant trade union group has proposed a general strike
+for July 15 in protest at the government's austerity program.
+    A spokeswoman for the Workers' Confederation, CUT, told
+Reuters today that the proposal would be discussed within the
+trade union movement.
+    On Friday the government of President Jose Sarney
+introduced austerity measures to try to combat the country's
+high inflation rate, currently running at more than 1,000 pct a
+year.
+    The new plan scrapped a "trigger" mechanism which had
+guaranteed regular pay rises in line with high inflation.
+    Trade unions say real wages are dropping by about a third.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6415" NEWID="18663">
+<DATE>18-JUN-1987 09:56:31.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3115&#31;reute
+u f BC-BECOR-WESTERN-&lt;BCW>-T   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BECOR WESTERN &lt;BCW> TALKS TO FOURTH BIDDER</TITLE>
+<DATELINE>    SOUTH MILWAUKEE, Wis., June 18 - </DATELINE><BODY>Becor Western Inc said it
+is talking with a possible fourth bidder for the company.
+    The company also said Lynch Corp &lt;LGL> has renewed its
+offer for Becor which was withdrawn last week.
+    Talks with the possible bidder are expected to be concluded
+shortly, Becor said, adding its board will evaluate all then
+existing offers at that time.
+    In the meantime, the company said, it plans today to
+adjourn further its meeting of stockholders to June 30. That
+meeting was called to act on a merger agreement calling for a
+buyout by BCW Acquisitions Inc.
+    The third identified Becor suitor is &lt;Davis Mining and
+Manufacturing Inc>.
+    In Fairfield, N.J., Lynch said its latest proposal calls
+Lynch to own 75 pct of Becor's stock and Becor holders to
+retain the other 25 pct.
+    Peviously, Lynch would have held about 25 pct, with Becor
+holders receiving 25 pct and Becor management about half.
+    Lynch said the proposal was changed because it believes
+Becor's management "needs more guidance in terms of financial
+structuring.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6416" NEWID="18664">
+<DATE>18-JUN-1987 10:00:07.10</DATE>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f3121&#31;reute
+f f BC-U.S.-PERSONAL-I   06-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. PERSONAL INCOME ROSE 0.2 PCT IN MAY, SPENDING UP 0.1
+PCT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6417" NEWID="18665">
+<DATE>18-JUN-1987 10:01:35.87</DATE>
+<TOPICS><D>income</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3123&#31;reute
+b f BC-/U.S.-PERSONAL-INCOME   06-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. PERSONAL INCOME ROSE 0.2 PCT IN MAY</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>U.S. personal income rose 0.2 pct, or
+7.9 billion dlrs, in May to a seasonally adjusted annual rate
+of 3,630.0 billion dlrs, the Commerce Department said.
+    The increase followed a revised 0.4 pct rise in April. The
+department previously estimated April income rose 0.3 pct.
+    The department also revised up the March personal income
+rise to 0.3 pct from a previously reported 0.2 pct.
+    Personal consumption expenditures rose 0.1 pct, or 1.5
+billion dlrs, to 2,893.3 billion dlrs in May after rising 0.6
+pct or 18.6 billion dlrs in April, the department said.
+    The department said both the April and May increases in
+personal income were restrained by lower subsidy payments to
+farmers and by initial payments to a newly established
+retirement fund for federal government employees in April.
+    Wages and salaries increased 8.8 billion dlrs in May after
+a 7.0 billion dlr rise in April, while manufacturing payrolls
+were up 1.6 billion dlrs in May after falling 1.3 billion dlrs
+in April.
+    Farmers' incomes fell 11 billion dlrs in May after
+decreasing 6.7 billion dlrs in April due to lower farm subsidy
+payments, the department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6418" NEWID="18666">
+<DATE>18-JUN-1987 10:02:33.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3128&#31;reute
+f f BC-BELL-AND-HOWELL   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BELL AND HOWELL SAYS IT SEES EARNINGS PER SHARE GROWTH OF
+12-15 PCT THROUGH 1990
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6419" NEWID="18667">
+<DATE>18-JUN-1987 10:03:56.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3135&#31;reute
+h f BC-S.-AND-W.-BERISFORD-W   06-18 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AND W. BERISFORD WANTS TO STAY INDEPENDENT</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>S.And W. Berisford Plc &lt;BRFD.L>, which
+has attracted takeover bids, is making every possible effort to
+remain independent, deputy chairman Henry Lewis said after the
+company announced interim results.
+    "We've taken specific steps to strengthen ourselves for this
+purpose," he added, referring to management changes and a
+corporate strategy of concentrating on four business sectors.
+    Berisford aims to produced balanced earnings growth from a
+combination of commodities, property, financial services and
+food. Its industrial division, with assets of about 90 mln stg
+including debt, is being reviewed and parts may be sold.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6420" NEWID="18668">
+<DATE>18-JUN-1987 10:07:33.87</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3144&#31;reute
+f f BC-FED'S-SEGER-SAY   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S SEGER SAYS FOREIGN EXCHANGE MARKETS SHOWING SIGNS
+OF STABILITY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6421" NEWID="18669">
+<DATE>18-JUN-1987 10:08:22.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f3149&#31;reute
+f f BC-FED'S-SEGER-SAY   06-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S SEGER SAYS U.S. ECONOMIC RECOVERY SHOWS WEAKNESS
+
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6422" NEWID="18670">
+<DATE>18-JUN-1987 10:12:15.90</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f3162&#31;reute
+f f BC-FED'S-SEGER-SAY   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S SEGER SAYS U.S. THRIFT INDUSTRY NEEDS STABLE
+INTEREST RATES
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6423" NEWID="18671">
+<DATE>18-JUN-1987 10:12:20.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3163&#31;reute
+b f BC-CANADA-PANEL-RE   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA PANEL REJECTS HYDRO QUEBEC BID FOR 3 BILLION DLR
+NEW ENGLAND POWER SALE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6424" NEWID="18672">
+<DATE>18-JUN-1987 10:13:26.02</DATE>
+<TOPICS><D>interest</D><D>reserves</D><D>jobs</D><D>income</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3166&#31;reute
+u f BC-U.K.-DATA-DEPRESS-RAT   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. DATA DEPRESS RATE CUT OUTLOOK - ANALYSTS</TITLE>
+<AUTHOR>    By Rowena Whelan, Reuters</AUTHOR>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Today's U.K. Economic data have pushed
+the chances of another base lending rate cut from the current
+nine pct further into the distance, analysts said.
+    A record fall in unemployment and good manufacturing
+production data showed that the economy is still strong and
+does not need a fillip from lower rates.
+    News that underlying earnings are rising 7.75 pct annually,
+taken together with higher than expected bank lending and money
+supply growth, revived inflation worries and monetarist
+arguments against easier credit, they said.
+    "The timetable on lower interest rates is being pushed back
+all the while. The strength of the economy and broad money
+growth are making it more difficult to see one in the near
+term," said Chase Manhattan Securities economist Robin Marshall.
+    Analysts have reached this conclusion despite yesterday's
+mortgage rate cuts for new borrowers, which building societies
+said were a sign of the expected near term trend for U.K.
+Rates.
+    It also counters the optimistic forecasts of last week that
+a post-general election cut was imminent, supported by such
+optimistic economic news as May's record reserves rise which
+mirrored the Bank of England efforts to cap sterling's
+strength.
+    The gilt market lost nearly half a point as enthusiasm
+about May's 64,300 fall in the seasonally adjusted unemployment
+rate, to 2.95 mln or 10.6 pct of the workforce, was rapidly
+replaced by dismay at the continued high level of underlying
+average earnings in April, dealers said.
+    The upset was compounded by news that sterling bank lending
+rose 2.7 billion stg in May, above forecast, and that the Bank
+of England looks likely to have to sell more gilts to offset
+the impact on domestic money supply of its current
+intervention.
+    "The gilt market reaction was correct," said Bill Martin,
+chief U.K. Economist at brokers Phillips and Drew.
+    "That's very important ... It shows the economy in a very
+good state indeed," Skeoch said.
+    "There's no reason to get worries about inflationary
+pressures because they're very subdued." Unit wage cost rises
+were better than expected, just one pct higher in the year to
+April, and it was these costs rather than average earnings
+which were potentially inflationary, he added.
+    "I don't think these average earnings numbers are a major
+problem," agreed Chase Manhattan's Marshall.
+    But he said the gilts market was likely to remain worried
+about the funding implications of recent intervention.
+    He said the inflow of foreign money into sterling assets
+earlier this year, attracted by growth prospects and hopes that
+the ruling Conservatives would win last week's election, now
+looks likely to prevent a base rate cut as the authorities try
+to prevent these funds swelling the domestic money system.
+    However, David Owen, U.K. Economist at Kleinwort Grieveson
+Securities, said any fresh sterling strength would still
+trigger a base rate cut and that today's figures did not signal
+higher inflation this year.
+    "Wage increases are being offset by productivity growth. As
+long as that continues we're okay," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6425" NEWID="18673">
+<DATE>18-JUN-1987 10:14:02.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3169&#31;reute
+b f BC-CANADA-PANEL-RE   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA PANEL REJECTS HYDRO QUEBEC BID FOR 3 BILLION DLR
+NEW ENGLAND POWER SALE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6426" NEWID="18674">
+<DATE>18-JUN-1987 10:15:17.31</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3170&#31;reute
+b f BC-/FED-GOVERNOR-SEGER-S   06-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED GOVERNOR SEGER SEES CURRENCY STABILITY</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>Federal Reserve Board Governor Martha
+Seger said there were signs of helpful stability in foreign
+exchange markets in recent weeks.
+    "I think we are beginning to see more calm in those markets,"
+Seger told reporters after a speech to the U.S. League of
+Savings Institutions.
+    "I think it is very healthy when you can get into a period
+of stability," she said.
+    She said market forces have a major influence on exchange
+rates and said she did not know the right value for the dollar
+against the Yen or the Mark.
+    Seger told the Savings and Loan executives that she was
+concerned about financial markets' absorption with exchange
+rate influences.
+    "I am concerned that we have gotten so nervous," about
+exchange rates, Seger said.
+    She said the Fed takes into account additional factors in
+determining monetary policy than the value of the dollar
+against other currencies.
+    On the economy, Seger called the latest figures in gross
+national product a modest upward revision.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6427" NEWID="18675">
+<DATE>18-JUN-1987 10:16:54.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3177&#31;reute
+b f BC-GM-LAYING-OFF-8   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM LAYING OFF 850 HOURLY WORKERS TO CUT OUTPUT AT
+JANESVILLE AND LORDSTOWN PLANTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6428" NEWID="18676">
+<DATE>18-JUN-1987 10:18:19.28</DATE>
+<TOPICS><D>livestock</D></TOPICS>
+<PLACES><D>usa</D><D>indonesia</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L 
+&#22;&#22;&#1;f3188&#31;reute
+d f BC-INDONESIA/TURKEY-ELIG   06-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA/TURKEY ELIGIBLE FOR CATTLE UNDER EEP</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>U.S. exporters will be able to sell
+8,000 head of dairy cattle to Indonesia and 5,000 head to
+Turkey under the Export Enhancement Program, the U.S.
+Agriculture Department said.
+    The export sales will be subsidized with commodities from
+the inventory of the Commodity Credit Corporation (CCC), the
+department said.
+    Indonesia and Turkey already have purchased 7,500 and 5,000
+head of dairy cattle, respectively, under the program.
+    Details of the program and an invitation for offers from
+exporters will be issued in the near future, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6429" NEWID="18677">
+<DATE>18-JUN-1987 10:19:25.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3196&#31;reute
+u f BC-COUPON-FIXED-AS-INDIC   06-18 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUPON FIXED AS INDICATED ON WACOAL WARRANT BOND</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>The coupon on the 80 mln ECU, five year
+equity warrant eurobond for Japan's Wacoal Corp has been fixed
+at the indicated 1-1/2 pct, bookrunner Banque Paribas Capital
+Markets said.
+    The exercise price was set at 1,323 yen per share,
+representing a premium of 2.56 pct over today's closing price
+of 1,290 yen. The foreign exchange rate was set at 167.11 yen
+to the ECU.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6430" NEWID="18678">
+<DATE>18-JUN-1987 10:20:21.53</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3198&#31;reute
+f f BC-IMPERIAL-OIL-RA   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IMPERIAL OIL RAISES CRUDE OIL POSTINGS 32 CANADIAN
+CTS/BBL, LIGHT SWEET NOW 25.60
+
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6431" NEWID="18679">
+<DATE>18-JUN-1987 10:24:50.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3213&#31;reute
+u f BC-BELL-AND-HOWELL-&lt;BHW>   06-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL AND HOWELL &lt;BHW> SEES EARNINGS GROWTH</TITLE>
+<DATELINE>    chicago, June 18 - </DATELINE><BODY>Bell and Howell Co, in remarks prepared
+for delivery to the New York Society of Security Analysts, said
+it expects per-share earnings to grow in the 12-to-15 pct range
+in the next three to four years.
+    President Gerald Schultz said the growth is without stock
+buybacks and tax law changes. He said the gain is expected off
+1986 per-share earnings of 1.89 dlrs, calculated to exclude
+DeVry Inc &lt;DVRY.O> operations and non-recurring gains totaling
+45 cts a share.
+    The company said its decision to sell the DeVry business to
+Keller Graduate School of Management Inc will provide Bell and
+Howell with a non-recurring gain of more than 4.00 dlrs a share
+in the third quarter and about 80 mln dlrs in additional cash.
+    "We will use proceeds of the transaction to repurchase
+stock (probably at least 10 pct) and for other purposes, such
+as reducing debt" Chairman Donald Frey told analysts.
+    Bell and Howell said it will invest 16 mln dlrs this year
+in electronic product development and introduction.
+    It said a stepped-up investment in its IDB2000 electronic
+storage system, which uses optical disks, will result in a 5.0
+mln dlr loss for the product line, similar to last year. But it
+said "the swing to profitability in 1988 for this product will
+be significant."
+    Currently, Bell and Howell is marketing the IDB2000 only to
+General Motors Corp &lt;GM> dealers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6432" NEWID="18680">
+<DATE>18-JUN-1987 10:27:06.33</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F 
+&#22;&#22;&#1;f3224&#31;reute
+b f BC-PHILLIPS-RAISES   06-18 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PHILLIPS RAISES CRUDE OIL POSTED PRICES 50 CTS/BBL
+EFFECTIVE YESTERDAY, WTI NOW 19 DLRS.
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6433" NEWID="18681">
+<DATE>18-JUN-1987 10:28:45.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3233&#31;reute
+u f BC-DONORS-PLEDGE-3.15-BI   06-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DONORS PLEDGE 3.15 BILLION DLRS INDONESIAN AID</TITLE>
+<DATELINE>    THE HAGUE, June 18 - </DATELINE><BODY>Aid donors to Indonesia pledged a
+total of 3.15 billion dlrs in fresh funds to Jakarta, a
+statement issued after a two day meeting of the Inter
+Governmental Group on Indonesia (IGGI) said.
+    This compares with 2.6 billion dlrs allocated at last
+year's meeting, the statement said. It is also well above the
+World Bank's recommendation of 2.5 billion guilders in aid for
+the coming year.
+    "The Group commended Indonesia for having taken effective
+steps to adjust to the changed economic environment," the
+statement said.
+    The statement said Indonesia must take further steps to set
+the stage for resumed economic growth that could create
+employment for the country's rapidly growing labour force.
+    "These measures include additional significant trade and
+industrial deregulation," the statement said.
+    It also called for policies supporting efficient and
+diversified growth of agriculture, and said Jakarta should give
+more room to the private sector. It called on Indonesia to
+mobilise more domestic resources to finance development
+programs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6434" NEWID="18682">
+<DATE>18-JUN-1987 10:30:27.38</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3239&#31;reute
+u f BC-USAIR-&lt;U>-SAYS-DOT-PU   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USAIR &lt;U> SAYS DOT PUBLIC COUNSEL BACKS MERGER</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>USAir Group Inc said the U.S.
+Department of Transportation's Office of Public Counsel has
+urged that expedited non-hearing procedures be used in its
+proposed acquisition of Piedmont Aviation Inc &lt;PIE>.
+    The company said that America West Airlines Inc &lt;AWAL.O>
+was the only party voicing opposition to the acquisition.  The
+Department of Transportation had asked parties to submit
+statements by June 17 either supporting or opposing the
+acquisition.
+    USAir said it and Piedmont again requested expedited
+approval for the acquisition.
+    The company said the Office of Public Counsel could find no
+evidence that the acquisition would substantially lessen
+competition in any market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6435" NEWID="18683">
+<DATE>18-JUN-1987 10:30:38.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>corrigan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A 
+&#22;&#22;&#1;f3241&#31;reute
+u f BC-/N.Y.-FED-PRESIDENT-U   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. FED PRESIDENT URGES BANK REFORM</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>New York Federal Reserve President E.
+Gerald Corrigan said he favors bank reform but wants to
+maintain the separation of banking and commerce.
+    "As I see it, the case for fundamental reform in our banking
+and financial system is compelling," Corrigan told the Senate
+Banking Committee.
+    Corrigan said he believed bank reform should allow banks to
+offer a broad range of banking and financial services.
+    He said common ownership of banks, thrifts, securities
+firms and insurance companies should be allowed but commercial
+firms should not own or control insured depositories.
+    Committee Chairman William Proxmire (D-Wisc) said he would
+press for bank reform legislation this year and supported
+giving banks new power for commercial paper, mortgage-backed
+securities, municipal bond underwriting and mutual funds.
+    Former Citicorp Chairman Walter Wriston said bank reform
+should reflect the reality that other companies were offering
+banking services such as checking accounts credit cards and
+mortgages.
+         
+    "The reality is that there is one-stop financial shopping at
+banks in some states, but not in others," Wriston said.
+    "There is also one-stop financial shopping in all 50 states
+at a Sears store or American Express office."
+    "We must find ways for banks to deliver new products to new
+customers in order to maintain a spread of risk in a business
+that is rapidly losing traditional products and customers," he
+said.
+    But John Weinberg of Goldman, Sachs and Co said allowing
+banks to enter the securities business would make banks too
+powerful.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6436" NEWID="18684">
+<DATE>18-JUN-1987 10:34:33.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3265&#31;reute
+u f BC-SYSTEMS/COMPUTER-&lt;SCT   06-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYSTEMS/COMPUTER &lt;SCTC.O> IN SETTLEMENT</TITLE>
+<DATELINE>    MALVERN, Pa., June 18 - </DATELINE><BODY>Systems and Computer Technology
+Corp said it has received 4,879,000 dlrs from its former
+directors' and officers' liability insurance carrier in
+settlement of its claims for reimbursement of costs it incurred
+in connection with a class action and other suits filed against
+it from late 1984 through 1986.
+    The company said the amount will be recorded as a gain in
+its third quarter ending June 30, less a one mln dlr reserve
+being established for continuing legal fees and other expenses
+connected with ongoing litigation against its former president.
+    The company said it is continuing to pursue the claims
+against its former president in connection with events that
+required the restatement of results for fiscal 1983 and the
+first three quarters of fiscal 1984.
+    It also said its largest client, Temple University, has
+signed a new contract extending its use of Systems and Computer
+as an information provider until June 30, 1992.
+    The company said its backlog is now about 77 mln dlrs and
+is composed mostly of multiyear facilities management contracts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6437" NEWID="18685">
+<DATE>18-JUN-1987 10:34:44.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3267&#31;reute
+u f BC-FEDERATED-DEPARTMENT   06-18 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED DEPARTMENT &lt;FDS> UNIT CUTTING STAFF</TITLE>
+<DATELINE>    DALLAS, June 18 - </DATELINE><BODY>Federated Department Stores Inc's Foley's
+unit said it will consolidate Dallas Distribution Center
+operations, reducing the number of buildings to one from three
+and cutting staff to 125 from 300.
+    The company said most of the hourly employees affected by
+the staff reduction will be offered comparable jobs at its
+Houston distribution center, and those who cannot relocate will
+be considered for available position at Foley's Dallas/Fort
+Worth area stores.
+    The company said "The overhead costs and inefficiencies
+associated with operating two complete distribution networks in
+both cities make it economically unfeasible."  The
+consolidation follows the merger of Foley's and Sanger Harris
+in January.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6438" NEWID="18686">
+<DATE>18-JUN-1987 10:35:12.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f3269&#31;reute
+u f BC-FREEDOM-FEDERAL-&lt;FRFE   06-18 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEDOM FEDERAL &lt;FRFE.O> SEEKS BUYER</TITLE>
+<DATELINE>    OAK BROOK, ILL., June 18 - </DATELINE><BODY>Freedom Federal Savings Bank
+said it hired Salomon Brothers Inc to solicit offers for the
+purchase of the bank as part of an ongoing review of methods to
+enhance shareholder value.
+    Freedom Federal operates 15 retail branch banks and had
+1986 year end assets of about 733 mln dlrs.
+    "There is no assurance the bank will receive acceptable
+offers or be sold, but we feel this is a prudent step to take
+at this time," the bank said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6439" NEWID="18687">
+<DATE>18-JUN-1987 10:35:49.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3275&#31;reute
+u f BC-CONSECO-&lt;CNSC.O>-EMER   06-18 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSECO &lt;CNSC.O> EMERGES FROM BANKRUPTCY</TITLE>
+<DATELINE>    LITTLE FERRY, N.J., June 18 - </DATELINE><BODY>Conseco Industries Ltd said
+an order of confirmation of its reorganization plan has been
+signed in its Chapter 11 bankruptcy proceedings, terminating
+its status as a debtor in possession.
+    Conseco said under the plan, general creditors and
+debenture holders will receive 27 pct of their claims over a
+two-year period and president Charles J. Trainor will pay
+250,000 dlrs for 2,500,000 new shares.
+    The company said debenture holders will have 30 days to
+convert their debentures into common shares.
+    It said it has arranged for two mln dlrs of new bank
+financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6440" NEWID="18688">
+<DATE>18-JUN-1987 10:37:08.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f3285&#31;reute
+u f BC-ARCO-&lt;ARC>-SPIN-OFF-S   06-18 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARCO &lt;ARC> SPIN-OFF SEEN AT 500 MLN DLRS</TITLE>
+<AUTHOR>    By Samuel Fromartz, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Atlantic Richfield Co, considering a
+spin-off of a 20 pct interest in its chemical operations, could
+gain about 500 mln dlrs from the deal, industry analysts
+estimated.
+    Yesterday ARCO's stock jumped as much as five points on
+rumors it was spinning off the chemical operations. Based on
+about 183 mln outstanding shares, the market in its frenzy was
+valuing the spin-off at about 900 mln dlrs, analysts said.
+    Atlantic Richfield, aware of the rumors, issued a statement
+around mid-day that it was considering a sale of only 20 pct of
+the unit, leading investors to take profits.
+    After the announcement, the company's stock retreated,
+closing at 93-7/8, up 1-3/8. Today it was off 1/4.
+    "It was a smaller deal than expected and somewhat
+disappointing," said analyst George Baker at Smith Barney. He
+said rumors of the spin-off had been around "for a couple of
+days."
+    Baker said the unit was very profitable but it wasn't
+getting the type of exposure Atlantic Richfield sought, and its
+value was not reflected in the company's stock price.
+    Industry analyst Richard Pzena of Sanford C. Bernstein said
+the unit had operating earnings of 132 mln dlrs last year and
+he expected it to earn about 175 mln dlrs this year.
+    Based on a multiple of 17 times earnings--which Pzena says
+chemical companies now sell for--the entire unit is worth about
+three billion dlrs, putting the 20 pct interest at around 500
+to 600 mln dlrs.
+    Pzena said he thought the company was selling the stake
+because chemical margins had peaked, and he speculated the
+company would use the proceeds to pay down debt.
+    But he added the possibility remained the deal would fall
+through. Yesterday, ARCO said the proposal had not yet been
+presented to its board.
+    The chemical unit last year had revenues of 1.9 billion
+dlrs.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6441" NEWID="18689">
+<DATE>18-JUN-1987 10:38:43.71</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E 
+&#22;&#22;&#1;f3291&#31;reute
+b f BC-/SHELL-CANADA-&lt;SHC>-R   06-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELL CANADA &lt;SHC> RAISES CRUDE 32 CTS CANADIAN</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Shell Canada &lt;SHC>, whose majority
+interest is owned by the Royal Dutch/Shell Group of companies,
+raised the postings of light sweet and sour crude oil from
+Edmonton/Swann Hills 32 Canadian cts a barrel, effective today.
+    The new price for light sweet crude oil is 25.60 Canadian
+dlrs a barrel while the new price for light sweet sour crude is
+24.08 Canadian dlrs a barrel.
+    The Royal Dtuch/Shell Group owns 72 pct of Shell Canada and
+public shareholders, primarily Canadian, own the remaining 28
+pct of the company, a Shell Canada spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6442" NEWID="18690">
+<DATE>18-JUN-1987 10:42:08.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f3304&#31;reute
+f f BC-ICCO-BUFFER-STOCK-MAN   06-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ICCO BUFFER STOCK MANAGER BUYS 2,000 TONNES - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6443" NEWID="18691">
+<DATE>18-JUN-1987 10:42:18.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3306&#31;reute
+u f BC-ENERGY-CONVERSION-&lt;EN   06-18 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGY CONVERSION &lt;ENER.O> IN SUPERCONDUCTIVITY</TITLE>
+<DATELINE>    TROY, MICH., June 18 - </DATELINE><BODY>Energy Conversion Devices Inc said
+its scientists have achieved superconductivity at  a
+temperature of 90 degrees Fahrenheit.
+    The company said the general composition of the fluorinated
+multi-phase superconducting material involved is yttrium,
+barium, copper, fluorine and oxygen.
+                         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6444" NEWID="18692">
+<DATE>18-JUN-1987 10:45:42.02</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F 
+&#22;&#22;&#1;f3316&#31;reute
+b f BC-UNION-PACIFIC-R   06-18 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNION PACIFIC RAISES CRUDE OIL POSTINGS 50 CTS
+A BBL, EFFECTIVE YESTERDAY, WTI TO 19 DLRS.
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6445" NEWID="18693">
+<DATE>18-JUN-1987 10:48:29.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3325&#31;reute
+s f BC-UNITED-JERSEY-BANKS-I   06-18 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED JERSEY BANKS INC &lt;UJB> SETS QUARTERLY</TITLE>
+<DATELINE>    PRINCETON, N.J., June 18 -
+    </DATELINE><BODY>Qtly div 21-1/2 cts vs 21-1/2 cts prior
+    Pay Aug Three
+    Reord July Seven
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6446" NEWID="18694">
+<DATE>18-JUN-1987 10:48:32.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3326&#31;reute
+s f BC-WESTERN-FEDERAL-SAVIN   06-18 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN FEDERAL SAVINGS BANK &lt;WFPR> SETS PAYOUT</TITLE>
+<DATELINE>    MAYAGUEZ, Puerto Rico, June 18 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts prior
+    Pay July 15
+    Reord June 30    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6447" NEWID="18695">
+<DATE>18-JUN-1987 10:49:51.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C 
+&#22;&#22;&#1;f3337&#31;reute
+d f BC-CFTC'S-DAVIS-URGES-CA   06-18 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CFTC'S DAVIS URGES CAUTION ON OFF-EXCHANGE ISSUE</TITLE>
+<DATELINE>    CHICAGO, June 18 - </DATELINE><BODY>Regulations governing hedging and risk
+management should be revised and development of new futures
+instruments cautiously monitored in dealing with the growth of
+off-exchange futures instruments, Robert Davis, a commissioner
+on the Commodity Futures Trading Commission, CFTC, said.
+    Davis told the Chicago chapter of the Futures Industry
+Association Commodity Research Division last night "there is no
+cause for undue alarm" in the growth of off-exchange
+instruments.
+    However, he said, the CFTC "must clarify jurisdictional and
+regulatory issues" by maintaining the safeguards intended by
+commodity regulations while encouraging "the further
+development of competitive markets."
+    "There is not a single off-exchange issue, there cannot be
+one policy approach, and to the extent that problems exist,
+there cannot be one solution," Davis said.
+    The development of off-exchange instruments with futures
+contract characteristics has become of increasing concern to
+federal regulators who are trying to define what issues are
+covered under existing regulations and where new regulations
+are needed to protect private investment.
+    Davis said the CFTC should step up enforcement where
+off-exchange instruments are intended to compete with
+exchange-traded issues, correct "regulatory inflexibility"
+which may force new instruments off exchange, and "delineate
+and separate those harmful off-exchange developments from the
+many that are not."
+    "We cannot ignore that some of the growth of off-exchange
+trading represents a desirable further development of financial
+forward contracts that complement, rather than compete with,
+the relatively new financial futures contracts," Davis said.
+    He said a CFTC task force is continuing its investigation
+of the off-exchange issue.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6448" NEWID="18696">
+<DATE>18-JUN-1987 10:50:08.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3338&#31;reute
+u f BC-OLSTEN-CORP-&lt;OLS>-MAK   06-18 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLSTEN CORP &lt;OLS> MAKES EXCHANGE OFFER FOR STOCK</TITLE>
+<DATELINE>    WESTBURY, N.Y., June 18 - </DATELINE><BODY>Olsten Corp &lt;OLS> said it has
+begun an offer to exchange on a share-for-share basis shares of
+newly authorized Class B common shares for existing common
+stock.
+    The company said the new Class B will contain limited
+dividend rights and have 10 votes rather than one vote per
+share for the common stock.
+    It also said the new stock will not have a trading market,
+will be subject to significant restrictions on its transfer,
+will be entitled through 1989 to no more than 80 pct of the
+cash dividends on the common stock and will be convertible into
+common stock at any time.
+    The company said it does not recommend that shareholdrs
+other than chairman and chief executive William Olsten and his
+family tender their common for exchange.
+    The offer will expire July 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6449" NEWID="18697">
+<DATE>18-JUN-1987 10:52:36.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3354&#31;reute
+u f BC-GM-&lt;GM>-LAYING-OFF-85   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> LAYING OFF 850 WORKERS AT TWO PLANTS</TITLE>
+<DATELINE>    DETROIT, June 18 - </DATELINE><BODY>General Motors Corp said it will
+permanently lay off 850 hourly workers in August at its car
+assembly plants in Janesville, Wisc, and Lordstown, Ohio, due
+to production cutbacks in the slow-selling cars built at both
+facilities.
+    GM, the largest U.S. automaker but suffering from lower
+sales for months, said 350 of the 3,800 workers at the
+Janesville plant would be put on indefinite layoff effective
+August 11 as the production rate for 1988-model Cadillac
+Cimarrons and Chevrolet Cavalier compact cars is reduced by
+five units per hour.
+    Another 500 workers of the 5,100 employed at GM's
+Lordstown, Ohio, plant will be laid off effective August 24,
+the company said.
+    GM said it will begin that date its production of
+1988-model Chevrolet Cavalier and Pontiac Sunbirds on two
+shifts with a cut of six units an hour from the current rate.
+   GM also said it will change its method for reporting
+indefinite layoffs to monthly releases from the previous weekly
+system "to achieve more complete, accurate and less-confusing
+reporting of production-schedule adjustments."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6450" NEWID="18698">
+<DATE>18-JUN-1987 10:52:41.43</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E 
+&#22;&#22;&#1;f3355&#31;reute
+u f BC-/IMPERIAL-OIL-&lt;IMO.A>   06-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMPERIAL OIL &lt;IMO.A> RAISES CRUDE 32 CANADIAN CTS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Canadian Imperial Oil, 70 pct Exxon
+owned, said it raised its posting for light sweet crude oil at
+Edmonton by 32 canadian cts a barrel, effective today.
+    The company said its new posting for light sweet crude oil
+at Edmonton is 25.60 canadian dlrs a barrel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6451" NEWID="18699">
+<DATE>18-JUN-1987 10:53:01.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3356&#31;reute
+r f BC-TULTEX-CORP-&lt;TTX>-2ND   06-18 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TULTEX CORP &lt;TTX> 2ND QTR MAY 30 NET</TITLE>
+<DATELINE>    MARTINSVILLE, Va., June 18 -
+    </DATELINE><BODY>Shr 17 cts vs 20 cts
+    Net 3,121,000 vs 3,624,000
+    Revs 60.2 mln vs 59.0 mln
+    Avg shrs 18.3 mln vs 18.2 mln
+    Six mths
+    Shr 40 cts vs 48 cts
+    Net 7,429,000 vs 8,743,000
+    Revs 124.7 mln vs 126.1 mln
+    Avg shrs 18.3 mln vs 18.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6452" NEWID="18700">
+<DATE>18-JUN-1987 10:54:33.96</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D><D>fao</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f3361&#31;reute
+u f BC-DUTCH-CONSUMERS,-INDU   06-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH CONSUMERS/INDUSTRY SEE VEG OILS TAX THREAT</TITLE>
+<DATELINE>    THE HAGUE, June 18 - </DATELINE><BODY>Dutch consumers and food processors
+would be hit hard by the proposed EC tax on oils and fats, Dick
+de Bruyn, chairman of the commodity board for margarine, fats
+and oils, MVO, said at the annual meeting.
+    The Dutch are the second largest consumers of margarine and
+fourth largest consumers of vegetable oils in the EC.
+    The fiercely contested tax would be a levy on consumers and
+steeply increase the costs of industries such as potato
+processing and cake and biscuit manufacturing, de Bruyn said.
+    "A move by these industries to countries outside the EC
+cannot be ruled out," he added.
+    De Bruyn said the tax on vegetable and marine oils and fats
+would be wide open to fraud, difficult to police, and hugely
+expensive administratively.
+    He also said the proposed tax contravened not only article
+three of the General Agreement on Tariffs and Trade (GATT), the
+Lome Convention, and the United Nations Food and Agriculture
+Organization (FAO) guidelines, but also the EC's own Treaty.
+    The proposed tax would not only be inflationary but also
+have consequences for employment and investment, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6453" NEWID="18701">
+<DATE>18-JUN-1987 10:56:24.69</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F 
+&#22;&#22;&#1;f3370&#31;reute
+f f BC-DIAMOND-SHAMROC   06-18 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DIAMOND SHAMROCK RAISES CRUDE OIL POSTED PRICES 50 CTS
+A BBL, EFFECTIVE YESTERDAY, WTI TO 19 DLRS.
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6454" NEWID="18702">
+<DATE>18-JUN-1987 10:58:22.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3378&#31;reute
+r f BC-NABISCO-BRANDS-LTD-&lt;N   06-18 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NABISCO BRANDS LTD &lt;NAB.TO> NAMES NEW CEO</TITLE>
+<DATELINE>    TORONTO, June 18 - </DATELINE><BODY>Nabisco Brands Ltd, 80 pct-owned by RJR
+Nabisco Inc &lt;RJR>, said it named president R. Edward Glover as
+chief executive, replacing J.R. MacDonald, who remains as
+vice-chairman and chairman of the executive committee,
+effective immediately.
+    Glover has been president and chief operating officer since
+April, 1986, Nabisco said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6455" NEWID="18703">
+<DATE>18-JUN-1987 10:58:39.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f3380&#31;reute
+r f BC-POCO-PETROLEUMS-LTD-&lt;   06-18 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POCO PETROLEUMS LTD &lt;POC.TO> 2ND QTR NET</TITLE>
+<DATELINE>    CALGARY, Alberta, June 18 - </DATELINE><BODY>Period ended April 30
+    Shr not given
+    Net 2,600,000 vs 1,600,000
+    Revs 18.1 mln vs 15.1 mln
+    SIX MTHS
+    Shr 21 cts vs 42 cts
+    Net 3,800,000 vs 5,500,000
+    Revs 32.9 mln vs 35.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6456" NEWID="18704">
+<DATE>18-JUN-1987 10:59:31.25</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3382&#31;reute
+f f BC-COASTAL-RAISES   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COASTAL RAISES CRUDE OIL POSTINGS 50 CTS/BBL YESTERDAY,
+WTI TO 19 DLRS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6457" NEWID="18705">
+<DATE>18-JUN-1987 10:59:36.89</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3383&#31;reute
+f f BC-SOUTHLAND-CORP   06-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SOUTHLAND CORP RAISED CRUDE OIL POSTINGS 50 CTS/BBL, WTI
+NOW 19 DLRS/BBL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6458" NEWID="18706">
+<DATE>18-JUN-1987 10:59:57.64</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3384&#31;reute
+f f BC-MURPHY-RAISES-C   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MURPHY RAISES CRUDE OIL POSTINGS 50 CTS A BBL YESTERDAY,
+WTI TO 19 DLRS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6459" NEWID="18707">
+<DATE>18-JUN-1987 11:00:03.69</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3385&#31;reute
+f f BC-PERMIAN-RAISES   06-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PERMIAN RAISES CRUDE OIL POSTINGS 50 CTS
+ A BBL, WTI TO 19 DLRS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6460" NEWID="18708">
+<DATE>18-JUN-1987 11:00:12.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3386&#31;reute
+r f BC-ROBERT-BRUCE-INDUSTRI   06-18 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROBERT BRUCE INDUSTRIES &lt;BRUCA.O> 1ST QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, June 18 -</DATELINE><BODY>Qtr ends march 28
+    Shr loss 1.46 dlrs vs loss 49 cts
+    Net loss 2,919,000 dlrs vs loss 892,000 dlrs
+    Revs 10.3 mln vs 11.5 mln
+    Avg shrs 2,000,000 vs 1,836,000
+    NOTE: full name of company is robert bruce industries Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6461" NEWID="18709">
+<DATE>18-JUN-1987 11:00:26.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3388&#31;reute
+d f BC-HACHETTE-SEES-SHARP-P   06-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HACHETTE SEES SHARP PROFIT INCREASE IN 1987</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>French media and publishing group Hachette
+&lt;HACP.PA> expects a record 15 pct rise in its profits this
+year, Hachette chairman Jean-Luc Lagardere said.
+    Lagardere told a news conference that Hachette's profits
+last year were 565.4 mln francs against 431.7 mln in 1985.
+
+    He said that Hachette was carrying out feasibility studies
+for the launching around October next year of a nationwide
+daily newspaper. Earlier this year it made an unsuccessful
+three billion franc bid for state-owned television network
+TF-1.
+    In a letter sent to shareholders, Lagardere said that 1987
+was likely to be another record year for the company.
+    Hachette owns the Europe-1 radio station, about 60 weekly
+newspapers and magazines, and is also involved in printing.
+    It posted a 14.7 billion franc consolidated turnover last
+year against 11.6 billion in 1985.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6462" NEWID="18710">
+<DATE>18-JUN-1987 11:00:43.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3390&#31;reute
+r f BC-VMS-HOTEL-&lt;VHT>-INCRE   06-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS HOTEL &lt;VHT> INCREASES LOAN TO HOTEL</TITLE>
+<DATELINE>    CHICAGO, June 18 - </DATELINE><BODY>VMS Hotel Investment Trust said it
+committed to fund a 1,029,600 dlr short-term loan increase for
+capital improvements in the Omni Park Central Hotel in New
+York.
+    The secured loan will increase a previously announced
+commitment to 5,154,600 dlrs from 4,125,000 dlrs. The total
+loan will have a term of one year with an option to extend for
+another one-year term.
+    Current interest and loan fees are expected to produce an
+annualized yield of 14.43 pct, VMS said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6463" NEWID="18711">
+<DATE>18-JUN-1987 11:02:17.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3397&#31;reute
+b f BC-WORLD-BANK-ISSUES-100   06-18 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK ISSUES 100 MLN ECU EUROBOND</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>The World Bank is issuing a 100 mln ECU
+eurobond due July 21, 1994 paying 7-1/2 pct and priced at
+101-1/2 pct, lead manager Morgan Guaranty Ltd said.
+    The non-callable bond is available in denominations of
+1,000 and 50,000 ECUs and will be listed in Luxembourg. The
+selling concession is 1-1/4 pct while, management and
+underwriting combined pays 1/2 pct.
+    The payment date is July 21.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6464" NEWID="18712">
+<DATE>18-JUN-1987 11:02:29.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3399&#31;reute
+r f BC-FRANCE-VIDEOTEX-SERVI   06-18 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE VIDEOTEX SERVICE IN PACT WITH U.S. UNIT</TITLE>
+<DATELINE>    NEW YORK, June 17 - </DATELINE><BODY>The French agency for international
+marketing of videotex, &lt;Intelmatique>, said it plans to bring
+the Minitel network to the U.S. in cooperation with Infonet, an
+international network service of Computer Sciences Corp &lt;CSC>.
+    Minitel, which now offers Gannett Co Inc's &lt;GCI> USA Today
+and the &lt;British Broadcasting Corp's> news service, will be
+aimed at French-speaking businesses in the U.S., Intelmatique
+said.
+   
+    Initially, only about 300 applications in the Eastern
+corridor between the New York area and Washington will be
+included in the pilot project, the company said.
+    Users will pre-pay communciation costs and connetion fees
+of about 25 dlrs per hour, the company said. Also, participants
+in the pilot program will be able to rent Minitel terminals for
+25 dlrs per month, Intelmatique said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6465" NEWID="18713">
+<DATE>18-JUN-1987 11:03:03.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3403&#31;reute
+d f BC-EVERGOOD-PRODUCTS-COR   06-18 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EVERGOOD PRODUCTS CORP &lt;EVGD.O> 1986 YEAR LOSS</TITLE>
+<DATELINE>    HICKSVILLE, N.Y., June 18 -
+    </DATELINE><BODY>Oper shr loss 19 cts vs loss 38 cts
+    Oper net loss 239,000 dlrs vs loss 476,000 dlrs
+    Revs 16.0 mln vs 14.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6466" NEWID="18714">
+<DATE>18-JUN-1987 11:03:30.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3407&#31;reute
+d f BC-GLOBAL-YIELD-FUND-&lt;PG   06-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLOBAL YIELD FUND &lt;PGY> REVIEWS DIVIDEND POLICY</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Global Yield Fund, in a review of its
+dividend policy, told shareholders that under the Internal
+Revenue Code of 1986, the fund must distribute substantially
+all of its net income by the end of each year.
+    Under the new tax law, the company said annual net income
+includes net investment income from interest less expenses, plu
+or minus any ordinary currency gains or losses realized in
+connection with the sale of debt securities.
+   
+    The company said its present dividend policy is to make
+distributions of net investment income to stockholders
+quarterly and to accumulate any realized ordinary currency
+gains for distribution as net income at the end of the year.
+    At present time, the company said such currency gains
+amount to about 40 cts per share.
+    However, any currency net loss realized during the
+remaining six and a half month period between now and the end
+of the year could not only reduce or eliminate distributions
+from this source but could reduce distributions from net
+investment income, the company said.
+   
+    According to Global, the board would determine on an annual
+basis whether to distribute or retain net long-term realized
+capital gains.
+    In other matters, the company said its shareholders at its
+first annual meeting elected nine directors, approved the
+investment management agreement with &lt;Prudential Insurance Co
+of America>, and the service agreement between Prudential and
+the &lt;Prudential Investment Corp>.
+   
+    Shareholders also approved the administration agreement
+with &lt;Prudential-Bache Securities Inc> and amended the fund's
+investment restrictions to permit the purchase of portfolio
+securities while borrowings are outstanding, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6467" NEWID="18715">
+<DATE>18-JUN-1987 11:05:19.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3424&#31;reute
+d f BC-WELLS-GARDNER-&lt;WGA>-A   06-18 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELLS-GARDNER &lt;WGA> AWARDED CONTRACT</TITLE>
+<DATELINE>    CHICAGO, June 18 - </DATELINE><BODY>Wells-Gardner Electronics Corp said it
+was awarded a five-year contract to supply touch panel monitors
+to Matrox Electronics Systems Ltd, Dorval, Quebec, Canada.
+    The company said the contract is expected to generate total
+revenues of about five mln dlrs.
+    It said the monitors will be part of a videodisc system for
+the U.S. Army's Electronic Information Delivery System.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6468" NEWID="18716">
+<DATE>18-JUN-1987 11:05:52.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3429&#31;reute
+h f BC-(INSTANT-MEDICAL)-OPE   06-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>(INSTANT MEDICAL) OPENS HEALTH TEST BOOTHS</TITLE>
+<DATELINE>    DENVER, June 18 - </DATELINE><BODY>(Instant Medical Test Inc) said it opened
+five health testing booths inside the stores of Osco Drug Co, a
+unit of American Stores Inc &lt;ASC>.
+    The company said the booths include a full range of medical
+testing equipment, and certified medical technicians who take
+blood samples to test for 55 major health risks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6469" NEWID="18717">
+<DATE>18-JUN-1987 11:06:02.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f3430&#31;reute
+u f AM-LEBANON-GLASS   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAYS IT WON'T YIELD IN JOURNALIST'S KIDNAPPING</TITLE>
+<DATELINE>    WASHINGTON, June 18- </DATELINE><BODY>The United States, responding to the
+kidnapping of American journalist Charles Glass, today insisted
+it would not yield to terrorist blackmail.
+    "While much remains unclear, we assume this is another
+terrorist attempt to manipulate the United States through our
+concern for our citizens," the State Department said in a
+statement.
+    "While we are deeply concerned for the well-being of Mr.
+Glass, Mr. (Ali) Usayran and all hostages, American and
+foreign, and extend our sympathy to their families and friends,
+we repeat that we will not yield to terrorist blackmail," it
+said.
+    The State Department said its embassy in Beirut had learned
+that Glass, a journalist on leave from his job with ABC
+television, and Usayran, the son of the Lebanese defense
+minister, were kidnapped on the Awaz'i Road in the southern
+suburbs of Beirut north of Beirut International Airport on June
+17.
+    "We know of no claims of responsibility," the department
+said.
+    "We hold the kidnappers responsible for the safety of their
+victims and call for the immediate and unconditional release of
+all those held hostages," it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6470" NEWID="18718">
+<DATE>18-JUN-1987 11:06:56.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3436&#31;reute
+d f BC-CALSTAR-INC-&lt;CSAR.O>   06-18 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALSTAR INC &lt;CSAR.O> YEAR APRIL 30 NET</TITLE>
+<DATELINE>    EDINA, Minn., June 18 -
+    </DATELINE><BODY>Shr primary 66 cts vs 1.17 dlrs
+    Shr diluted 66 cts vs 81 cts
+    Net 1,220,691 vs 1,302,999
+    Revs 13.7 mln vs 13.1 mln
+    Avg shrs primary 1,859,421 vs 1,112,400
+    Avg shrs diluted 1,859,421 vs 1,826,303
+    NOTE: Latest net includes tax credits of 565,000 dlrs vs
+620,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6471" NEWID="18719">
+<DATE>18-JUN-1987 11:07:02.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3437&#31;reute
+d f BC-MICRODYNE-CORP-&lt;MCDY.   06-18 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRODYNE CORP &lt;MCDY.O> 2ND QTR MAY THREE NET</TITLE>
+<DATELINE>    OSCALA, Fla., June 18 -
+    </DATELINE><BODY>Oper shr nil vs profit one ct
+    Oper net profit 14,000 vs profit 51,000
+    Revs 5,547,000 vs 6,021,000
+    Six mths
+    Oper shr loss nine cts vs profit seven cts
+    Oper net loss 383,000 vs profit 314,000 dlrs
+    Revs 9,31,000 dlrs vs 12.5 mln
+    NOTE: 1986 qtr and six mths excludes loss 171,000 dlrs and
+358,000 dlrs, respectively, for loss from discontinued
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6472" NEWID="18720">
+<DATE>18-JUN-1987 11:07:10.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3439&#31;reute
+d f BC-COMMONWEALTH-&lt;COMW.O>   06-18 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMONWEALTH &lt;COMW.O> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    FORT LAUDERDALE, Fla., June 18 - </DATELINE><BODY>Commonwealth Savings and
+Loan Association said Michael McCarthy, its president and chief
+operating officer, resigned.
+    The company said Barry Chapnick, chairman and chief
+executive offcer, will resume the responsibilities of the
+president's post.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6473" NEWID="18721">
+<DATE>18-JUN-1987 11:07:55.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3442&#31;reute
+d f BC-MAJOR-VIDEO-CORP-&lt;MAJ   06-18 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR VIDEO CORP &lt;MAJV.O> YEAR APRIL 30 NET</TITLE>
+<DATELINE>    LAS VEGAS, June 18 -
+    </DATELINE><BODY>Shr 23 cts vs 14 cts
+    Net 611,000 vs 511,000
+    Revs 10.1 mln vs 4,380,000
+    NOTE: Latest year includes three cent per share loss from
+discontinued operations while prev year includes seven cent per
+share tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6474" NEWID="18722">
+<DATE>18-JUN-1987 11:08:18.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3443&#31;reute
+h f BC-QUIXOTE-&lt;QUIX.O>-UNIT   06-18 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUIXOTE &lt;QUIX.O> UNIT, BATTELLE FORM AGREEMENT</TITLE>
+<DATELINE>    CHICAGO, June 18 - </DATELINE><BODY>Quixote Corp said its Ocean Scientific
+Inc subsidiary and the Columbus, Ohio, division of Battelle
+Memorial Institute signed a joint marketing agreement under
+which the organizations may provide joint services for specific
+research and development programs for healthcare and
+instrumentation.
+    The agreement will allow Ocean Scientific to offer its
+clients greater capability for designing new instrumentation
+systems, Quixote said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6475" NEWID="18723">
+<DATE>18-JUN-1987 11:09:36.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3447&#31;reute
+r f BC-GETTY-PETROLEUM-CORP   06-18 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GETTY PETROLEUM CORP &lt;GTY> SETS QTLY DIV</TITLE>
+<DATELINE>    PLAINVIEW, N.Y., June 18 -
+    </DATELINE><BODY>Qtly div four cts vs four cts prior
+    Pay July 21
+    Record July 7
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6476" NEWID="18724">
+<DATE>18-JUN-1987 11:12:26.78</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3460&#31;reute
+b f BC-/-FED-EXPECTED-TO-ADD   06-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD RESERVES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>The Federal Reserve will enter the
+government securities market to supply reserves via either a
+large round of customer repurchase agreements or by overnight
+or possibly four-day system repurchases, economists said.
+    They said the Fed has a fairly large add need and is likely
+to face the most reserve dislocations early in the new
+statement period started today as corporate tax payments swell
+Treasury balances at the Fed.
+    Fed funds hovered at 6-3/4 pct after averaging 6.80 pct
+yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6477" NEWID="18725">
+<DATE>18-JUN-1987 11:16:05.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3477&#31;reute
+s f BC-MET-COIL-SYSTEMS-CORP   06-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MET-COIL SYSTEMS CORP &lt;METS.O> SETS REG DIV</TITLE>
+<DATELINE>    CEDAR RAPIDS, Iowa, June 18 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay July 31
+    Record July 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6478" NEWID="18726">
+<DATE>18-JUN-1987 11:16:23.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3480&#31;reute
+r f BC-SYKES-DATATRONICS-&lt;SY   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYKES DATATRONICS &lt;SYKE.O> SELLS DEBENTURES</TITLE>
+<DATELINE>    ROCHESTER, N.Y., June 18 - </DATELINE><BODY>Sykes Datatronics Inc said it
+has agreed in principle for Marshall Associates and H and M
+resources Inc to each purchase up to one mln dlrs of its
+convertible debentures, allowing Sykes to pay in full its debt
+to Chase Manhattan Corp &lt;CMB> and Chemical New York Corp &lt;CHL>.
+    The company said at closing, each investor will buy 750,000
+dlrs of convertible debentures bearing interest at three points
+over the prime rate.  It said interest only is payable until
+June 1, 1990, when repayment of principal in 20 quarterly
+installments.
+    Sykes said the remaining 250,000 dlrs of each commitment
+may be drawn down at Sykes' option after December 1, 1987 if
+the company has met certain performance levels.
+    It said the debentures are convertible into common stock at
+15 cts per share.  It said if it has now drawn all of the
+remaining 500,000 dlrs of debentures, the investor can buy
+whatever amount of debentures remain unsold and immediately
+convert  them to Sykes stock.
+    Sykes said if both investors were to convert all of the
+debentures, they would own 13.3 mln Sykes shares.  Sykes now
+has 13.0 mln shares outstanding.
+    Sykes said, however, that the agreement with the investors
+provides that the number of shares resulting from the
+conversion of the debentures may not be in an amount that would
+limit Sykes' ability to use its net operating loss carryforward
+under the Tax Reform Act of 1986.  The provisioin would
+prevcent the investor from owning more than 50 pct of Sykes'
+shares immediately after conversion, it said.
+    The company said closing of the trasaction is expected
+before July 1, subject to the receipt of a fairness opinion
+from an investment banker, Moseley Holdings Corp &lt;MOSE.O>.
+    Sykes said it will use 1,100,000 dlrs of the initial
+1,500,000 dlrs in proceeds, together with a 200,000 dlr note,
+to pay in full all its debt to Chase and Chemical.  The banks
+will then release their security interests in sykes assets,
+which will be pledged to the two new investors instead, it
+said.
+    Sykes said on payment to the banks, it will no longer have
+to pay to the banks lease payments and proceeds from the sale
+of excess inventory and assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6479" NEWID="18727">
+<DATE>18-JUN-1987 11:16:36.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f3482&#31;reute
+r f BC-TEKTRONIX-&lt;TEK>-PAPER   06-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEKTRONIX &lt;TEK> PAPER DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Standard and Poor's Corp said it cut to
+A-2 from A-1 the commercial paper of Tektronix Inc.
+    S and P cited the management's plan to repurchase up to 380
+mln dlrs of common equity. The plan will greatly reduce
+liquidity and raise debt to total capital by increasing
+Tektronix's sensitivity to industry volatility. Because weak
+primary markets have led to slow growth in recent years, a
+strong balance sheet has been a major support for credit
+quality, the agency noted.
+    It added that the firm may improve long-term growth, but
+increased competition may inhibit a return to previous levels.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6480" NEWID="18728">
+<DATE>18-JUN-1987 11:20:18.20</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3495&#31;reute
+u f BC-SOUTHLAND-&lt;SLC>-UNIT   06-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHLAND &lt;SLC> UNIT RAISES CRUDE 50 CTS/BBL</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Southland Corp's subsidiary Citgo
+Petroleum said it raised its posted prices for crude oil across
+the board by 50 cts a barrel, effective June 17.
+    Citgo said its new posting for West Texas Intermediate and
+West Texas Sour is 19 dlrs a barrel. Light Louisiana Sweet is
+now posted at 19.35, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6481" NEWID="18729">
+<DATE>18-JUN-1987 11:20:49.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3497&#31;reute
+r f BC-MICROELECTRONICS-TO-R   06-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROELECTRONICS TO RESTRUCTURE PROGRAM</TITLE>
+<DATELINE>    AUSTIN, Texas, June 18 - </DATELINE><BODY>&lt;Microelectronics and Computer
+Technology Corp> said its board approved a restructuring of its
+advanced computer architecture program.
+    The private sector cooperative research venture, which is
+owned by 20 U.S. companies, said the restructuring is based on
+a study by its technical advisory board. The study occurred due
+to changing requirements, the company said.
+    Formerly comprised of four separate projects, the program
+will now have a central resaerch core and three laboratories
+called satellites. The work in the core program will focus on
+long-range research, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6482" NEWID="18730">
+<DATE>18-JUN-1987 11:21:51.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f3505&#31;reute
+r f BC-HOLLINGER-&lt;HLG.TO>-CO   06-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLLINGER &lt;HLG.TO> COMPLETES UNIMEDIA TAKEOVER</TITLE>
+<DATELINE>    TORONTO, June 18 - </DATELINE><BODY>Hollinger Inc said it completed the
+previously reported acquisition of privately held Unimedia Inc,
+the owner of three French language daily newspapers and four
+printing plants in Ontario and Quebec.
+    The company, which owns 58 pct of (Daily Telegraph Plc)
+said it named former Carling O'Keefe Ltd chief executive Pierre
+Des Marais as chief executive of La Societe Media Quebec, the
+unit acquiring Unimedia.
+    It said his appointment is effective July 2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6483" NEWID="18731">
+<DATE>18-JUN-1987 11:22:33.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3509&#31;reute
+u f BC-BONN-SHOULD-SPEED-UP   06-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BONN SHOULD SPEED UP TAX REFORM, INSTITUTE SAYS</TITLE>
+<DATELINE>    BONN, June 18 - </DATELINE><BODY>West Germany's proposed tax reform should
+be brought forward to stimulate economic growth and head off
+U.S.-led pressure on Bonn to take further fiscal steps to help
+boost the world economy, the Ifo economic institute said.
+    An Ifo report said, "The total growth effect of the reform
+could be considerably enhanced, and international pressure on
+the government therefore reduced, if a larger portion of the
+tax cuts planned by 1990 were brought forward to 1988."
+    Swift action is required to remove growing doubts about how
+the 44 billion mark tax reform will be financed, Ifo said.
+    The report says the tax reform will be insufficient and too
+late to stimulate economic growth, as demanded by West
+Germany's industrial partners.
+    Since the lion's share of cuts worth a gross 44 billion
+marks "will not go into effect before 1990, their impact on
+growth will be too little, too late," said Ifo.
+    The West German government has consistently said that by
+cutting taxes and encouraging consumer spending it is boosting
+domestic demand and making a significant contribution to world
+economic growth.
+    Bonn has agreed to increase the scope of tax reductions
+planned for 1988. In March, the government said 1988 tax cuts
+would be expanded by 5.2 billion marks to 13.7 billion.
+    A month later, economics minister Martin Bangemann
+countered a joint call from all five German economic institutes
+to speed up tax cuts by saying such a step would endanger
+efforts to consolidate the budget and keep new public borrowing
+down.
+    Financing the tax reform has become an "acute problem," Ifo
+said.
+    "Currently, every proposal over financing (the reform) comes
+up against political opposition. There will be a lot more
+criticism before the outstanding 19.4 billion marks needed to
+finance the reform has been accounted for," the report said.
+    The government has pledged to agree by the Autumn how to
+raise around 19 billion marks still needed to finance tax cuts.
+Subsidies paid to ailing industries are the major target.
+    But even leading coalition members like Matthias Wissmann,
+economics spokesman for the ruling Christian Democratic party,
+have conceded that subsidy cuts exceeding five billion marks
+are unrealistic, leaving a remaining 14 billion marks to be
+found.
+    An increase in public borrowing will be inevitable to help
+finance the tax cuts, but Bonn should be able to cope with
+this, the report said.
+    Despite vigorous opposition from the Free Democrats, the
+junior partners in the centre-right coalition government, Bonn
+will eventually be forced to increase value added tax (VAT) due
+to tax harmonisation measures within the European Community. A
+VAT increase will also provide funds for income tax reform, the
+report said.
+    Viewed in the context of efforts by Bonn, Washington and
+Tokyo to reform taxes, "despite its various shortcomings, West
+Germany's planned tax reform is better than its reputation," Ifo
+said.
+    The effective cut in the income tax burden carried by West
+Germans will be greater than in the U.S., Although the rate
+reductions are smaller and income tax levels will remain higher
+overall, the report said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6484" NEWID="18732">
+<DATE>18-JUN-1987 11:24:29.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3516&#31;reute
+r f BC-A.G.-EDWARDS-INC-&lt;AGE   06-18 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A.G. EDWARDS INC &lt;AGE> 1ST QTR MAY 31 NET</TITLE>
+<DATELINE>    ST. LOUIS, June 18 -
+    </DATELINE><BODY>Shr 52 cts vs 62 cts
+    Net 10,884,000 vs 12,891,000
+    Revs 133.3 mln vs 128.8 mln
+    Avg shrs 21,017,000 vs 20,845,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6485" NEWID="18733">
+<DATE>18-JUN-1987 11:24:59.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3518&#31;reute
+r f BC-BOARD-REJECTS-HYDRO-Q   06-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOARD REJECTS HYDRO-QUEBEC SALES TO NEW ENGLAND</TITLE>
+<DATELINE>    MONTREAL, June 18 - </DATELINE><BODY>Canada's National Energy Board has
+denied an application by Quebec-owned Hydro-Quebec to export
+about three billion Canadian dlrs worth of electricity to the
+New England states, a board spokeswoman told Reuters.
+    The decision is to be made public later today, chief
+information officer Ann Sicotte said.
+    Sicotte said the board rejected tha application after four
+months of hearings because Hydro-Quebec did not offer the
+electricity first to Canadian provinces and could not prove it
+was surplus to Canadian needs.
+    Sicotte said Hydro-Quebec can apply for a review of the
+decision if there are new facts or changed circumstances, and
+could also launch an appeal with the federal court or file a
+new application.
+    Hydro-Quebec spokesman Maurice Hebert said the utility had
+not yet been officially notified and will have to study the
+decision before deciding what action to take.
+    The contract was a 10-year agreement with power exports
+beginning in 1990. "They weren't able to demonstrate that the
+electricity was surplus and one way to demonstrate that is by
+offering it to neighboring provinces," Sicotte said.
+    Hebert said the utility argued that it can generate  enough
+electricity to supply its U.S. and Canadian customers.
+    "Our position is that electricity is a manufactured
+product--so everyboday can manufacture it and anybody can buy
+some--if they (the provinces) want to buy some from us, we're
+willing to discuss it," he said.
+    The application is the first the National Energy Board has
+rejected outright, Sicotte said.
+    New Brunswick, Prince Edward Island, and Newfoundland had
+opposed the contract at Energy Board hearings this spring.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6486" NEWID="18734">
+<DATE>18-JUN-1987 11:25:39.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C 
+&#22;&#22;&#1;f3521&#31;reute
+d f BC-DONORS-PLEDGE-3.15-BI   06-18 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DONORS PLEDGE 3.15 BILLION DLRS INDONESIAN AID</TITLE>
+<DATELINE>    THE HAGUE, June 18 - </DATELINE><BODY>Aid donors to Indonesia pledged a
+total of 3.15 billion dlrs in fresh funds to Jakarta, a
+statement issued after a two day meeting of the Inter
+Governmental Group on Indonesia (IGGI) said.
+    The funds compare with 2.6 billion dlrs allocated at last
+year's meeting and exceed the World Bank's recommendation for
+the coming year, the statement said.
+    "The Group commended Indonesia for having taken effective
+steps to adjust to the changed economic environment," it said.
+    The statement said Indonesia must take further steps toward
+economic growth to create employment and called for policies
+supporting growth of agriculture.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6487" NEWID="18735">
+<DATE>18-JUN-1987 11:25:49.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f3522&#31;reute
+h f BC-CFTC'S-DAVIS-URGES-CA   06-18 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CFTC'S DAVIS URGES CAUTION ON OFF-EXCHANGE ISSUE</TITLE>
+<DATELINE>    CHICAGO, June 18 - </DATELINE><BODY>Regulations governing hedging and risk
+management should be revised and development of new futures
+instruments cautiously monitored in dealing with the growth of
+off-exchange futures instruments, Robert Davis, a commissioner
+on the Commodity Futures Trading Commission, CFTC, said.
+    Davis told the Chicago chapter of the Futures Industry
+Association Commodity Research Division last night "there is no
+cause for undue alarm" in the growth of off-exchange
+instruments.
+    However, he said, the CFTC "must clarify jurisdictional and
+regulatory issues" by maintaining the safeguards intended by
+commodity regulations while encouraging "the further
+development of competitive markets."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6488" NEWID="18736">
+<DATE>18-JUN-1987 11:26:22.08</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3525&#31;reute
+b f BC-/MURPHY-OIL-&lt;MUR>-RAI   06-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MURPHY OIL &lt;MUR> RAISES CRUDE POSTINGS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Murphy Oil said it increased its crude
+oil posted prices by 50 cts a barrel, effective June 17.
+The company said its new posting for West Texas Intermediate
+and West Texas Sour is 19 dlrs a barrel.
+    Light Louisiana Sweet crude is now 19.35 dollars a barrel,
+the company said. Increases follow a general trend in the
+industry started yesterday by Sun Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6489" NEWID="18737">
+<DATE>18-JUN-1987 11:27:04.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3527&#31;reute
+f f BC-GM'S-CHEVROLET   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GM'S CHEVROLET AND OLDSMOBILE UNITS EXTENDING MARKETING
+INCENTIVES THROUGH SUMMER
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6490" NEWID="18738">
+<DATE>18-JUN-1987 11:29:52.02</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F 
+&#22;&#22;&#1;f3533&#31;reute
+u f BC-/PHILLIPS-PETROLEUM-&lt;   06-18 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILLIPS PETROLEUM &lt;P> RAISES CRUDE POSTINGS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Phillips Petroleum Co said it raised
+its crude oil posted prices for West Texas Intermediate and
+West Texas Sour by 50 cts a barrel, effective June 17.
+    The company said the new posted price for WTI and WTS is 19
+dlrs a barrel. The increase is in reaction to Sun Co raising
+postings similarly yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6491" NEWID="18739">
+<DATE>18-JUN-1987 11:30:13.02</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f3534&#31;reute
+r f BC-MOBIL-&lt;MOB>-HAS-NORTH   06-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> HAS NORTH SEA NATURAL GAS FIND</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Mobil Corp said the 49/28-14 wildcat
+well in Block 49/28 of the British North Sea flowed 50.6 mln
+cubic feet of natural gas per day from depths of 7,742 to 7,777
+feet.
+    The company said it has a 23.33 pct interest and other
+interest holders include Atlantic Richfield Co &lt;ARC>, Sun Co
+&lt;SUN> and Deminex AG 10 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6492" NEWID="18740">
+<DATE>18-JUN-1987 11:31:47.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3543&#31;reute
+s f BC-MET-COIL-SYSTEMS-CORP   06-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MET-COIL SYSTEMS CORP &lt;METS.O> SETS PAYOUT</TITLE>
+<DATELINE>    CEDAR RAPIDS, Iowa, June 18 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay July 31
+    Record July 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6493" NEWID="18741">
+<DATE>18-JUN-1987 11:33:51.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3554&#31;reute
+f f BC-SEC-TAKES-STEPS   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEC TAKES STEPS TO ALLOW MULTIPLE TRADING ON
+EXCHANGE-LISTED OPTIONS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6494" NEWID="18742">
+<DATE>18-JUN-1987 11:34:28.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f3557&#31;reute
+d f BC-IMF-LOANS-UGANDA-92.1   06-18 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF LOANS UGANDA 92.1 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The International Monetary Fund said
+it has loaned Uganda 92.1 mln dlrs to aid in economic recovery.
+    The fund said 60 mln dlrs of the loan is available through
+the so-called structural adjustment facility (SAF) over the
+next three years.
+    The fund said 57.5 mln dlrs will be available immediately
+under the SAF and a separate financing arrangement.
+    After expanding in the early 1980's, Uganda's economy has
+suffered setbacks since 1984 of falling industrial and
+agricultural output and accelerating inflation, the fund said.
+    The current economic downturn has been worsened by the
+sharp decline in the world price of coffee, Uganda's major
+export, the fund said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6495" NEWID="18743">
+<DATE>18-JUN-1987 11:34:52.84</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E 
+&#22;&#22;&#1;f3560&#31;reute
+f f BC-PETRO-CANADA-RA   06-18 0017</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PETRO-CANADA RAISES CRUDE POSTINGS 32 CTS CANADIAN/BBL.
+SWEET CRUDE AT 25.60 DLRS CANADIAN/BBL.
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6496" NEWID="18744">
+<DATE>18-JUN-1987 11:35:48.30</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>belgium</D><D>spain</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f3561&#31;reute
+b f BC-EC-COMMISSION-DEFENDS   06-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC COMMISSION DEFENDS OILS AND FATS TAX</TITLE>
+<DATELINE>    ****ANTWERP, June 18 - </DATELINE><BODY>A spokesman for the European
+Community Commission defended the controversial plan for a levy
+on oils and fats, saying that consumers would have to help
+alleviate the surplus problem by paying the proposed tax.
+    Norbert Tanghe, head of division of the Commission's
+Directorate General for Agriculture, told the 8th Antwerp Oils
+and Fats Contact Days "the Commission firmly believes that the
+sacrifices which would be undergone by Community producers in
+the oils and fats sector ... Would justify asking consumers to
+make an appropriate contribution to solving the serious problem
+within that sector by paying a levy."
+    The proposed tax is necessary because the level of
+budgetary costs resulting from olive oil and oilseeds
+production has become unacceptable, Tanghe said.
+    Recent estimates put these costs at 4.0 billion European
+Currency Units and by 1990 they would rise by another 2.0
+billion Ecus, he said. In 1990 the Community's "standstill"
+agreements with Spain and Portugal end and the EC would then
+feel the full impact of its enlargement.
+    The Commission has proposed several cost and production
+cutting measures which include the introduction of a maximum
+guaranteed quantity system, he added.
+    Under the Commission's system for stabilising consumer
+prices in the oils and fats sector, a reference price of 700
+Ecus per tonne for refined soy oil would be introduced, Tanghe
+said.
+    Consumer prices could be raised or lowered by a regulatory
+amount when market prices are below or above this level.
+    He said the revenue generated by charging a regulatory
+amount would be used to finance the Common Agricultural
+Policy's oils and fats regime.
+    "The Commission believes that hostile reactions (to the
+proposed tax) have for the most part been based on incomplete
+or an insufficiently thorough analysis of the proposal," he said.
+    Tanghe said the proposed system conforms with General
+Agreement on Tariffs and Trade, GATT, rules.
+    It would not be discriminatory because it would be applied
+to domestic and imported products, and past experience showed
+it would not cause any decline in consumption of oils and fats.
+    EC-produced oilseeds would not benefit more than they do
+under present aid arrangements, he said.
+    The competitiveness between different oils, whether EC
+produced or imported, would remain unchanged and quantities
+imported from third countries would not be affected by the tax,
+Tanghe said.
+    The proposed system would not alter the EC nations'
+requirements as far as imports are concerned since the overall
+effect would stabilise Community production levels without
+affecting demand, he said.
+    It is one of the proposal's objectives to maintain current
+import levels, he said.
+    Imports of soybeans would be unaffected because they are
+imported primarily to satisfy the EC's cakes and meals
+requirements, which are not covered by the stabilising system.
+Furthermore, more than half the oil produced from imported
+beans is re-exported to third countries, Tanghe added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6497" NEWID="18745">
+<DATE>18-JUN-1987 11:36:25.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3563&#31;reute
+u f BC-FECSA-TO-MEET-DEBT-NE   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FECSA TO MEET DEBT NEGOTIATING COMMITTEE TUESDAY</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Officials of Fuerzas Electricas de
+Cataluna S.A. (FECSA), the Spanish electricity company, will
+hold the first meeting with members of a new debt negotiating
+committee representing its creditors in Barcelona on Tuesday,
+senior bankers said.
+    The talks will cover a possible rescheduling of the
+company's 610.57 billion peseta debt, which includes both
+foreign and domestic loans and other debt instruments.
+    The committee was formed earlier this month after FECSA
+agreed to rescind self-imposed terms for its debt repayments,
+which were unacceptable to the banks.
+    The negotiating committee is a subcommittee of a broader
+creditor steering committee made up of some 22 creditor banks
+and leasing companies, which is co-chaired by Bank of America
+International Ltd and The Sanwa Bank Ltd.
+    Bank of America and Sanwa also will co-chair the
+negotiating committee. The other members are Bankers Trust Co,
+Caixa de Barcelona, Confederacion Espanola de Cajas de Ahorros,
+Chase Manhattan Bank, Deutsche Bank, Long Term Credit Bank of
+Japan, Orient Leasing Ltd, Crown Leasing Ltd and Japan Overseas
+Leasing Co. These banks also are on the broader steering
+committee.
+    Bankers said that in addition to the negotiating committee,
+there also will be a seven-member sub-committee for
+documentation and finance of which Citicorp will be chairman.
+Gulf Bank KSC will chair a separate committee within the
+committee for the documentation.
+    The final list of the creditors participating in the
+various committees was formulated this morning, and the
+steering committee is now notifying FECSA's approximately some
+320 creditors of the results.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6498" NEWID="18746">
+<DATE>18-JUN-1987 11:38:23.83</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3567&#31;reute
+u f BC-UNION-PACIFIC-&lt;UNP>-R   06-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION PACIFIC &lt;UNP> RAISES CRUDE OIL PRICES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Union Pacific Resources, formerly
+Champlin Petroleum, said it raised posted prices for crude oil
+by 50 cts a barrel, effective yesterday.
+    The price increase brings West Texas Intermediate, the U.S.
+benchmark grade, to 19.00 dlrs a barrel.
+    The posted price increase follows a similar move by several
+other oil companies.
+    Sun Co was the first to raise crude oil postings yesterday
+afternoon and today many other companies are following.
+    The last price increase made by oil companies was around
+May 22.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6499" NEWID="18747">
+<DATE>18-JUN-1987 11:39:59.53</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3576&#31;reute
+b f BC-MARATHON-RAISES   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MARATHON RAISES CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW
+19.00 DLRS.
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6500" NEWID="18748">
+<DATE>18-JUN-1987 11:40:39.50</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3581&#31;reute
+b f BC-vaALIAN-BALANCE-OF-PA   06-18 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VaALIAN BALANCE OF PAYMENTS IN DEFICIT IN MAY</TITLE>
+<DATELINE>    ROME, June 18 - </DATELINE><BODY>Italy's overall balance of payments showed
+a deficit of 3,211 billion lire in May compared with a surplus
+of 2,040 billion in April, provisional Bank of Italy figures
+show.
+    The May deficit compares with a surplus of 1,555 billion
+lire in the corresponding month of 1986.
+    For the first five months of 1987, the overall balance of
+payments showed a surplus of 299 billion lire against a deficit
+of 2,854 billion in the corresponding 1986 period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6501" NEWID="18749">
+<DATE>18-JUN-1987 11:41:08.88</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3585&#31;reute
+b f BC-ITALIAN-NET-OFFICIAL   06-18 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN NET OFFICIAL RESERVES FALL IN MAY</TITLE>
+<DATELINE>    ROME, June 18 - </DATELINE><BODY>Italy's net official reserves fell to
+67,110 billion lire in May from a previously reported 68,455
+billion in April, the Bank of Italy said.
+    Gold holdings totalled 35,243 billion lire at end May,
+unchanged from end April.
+    Convertible currencies totalled 18,277 billion lire in May,
+down from 20,028 billion in April, while European Currency Unit
+holdings were 10,610 billion against 10,528 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6502" NEWID="18750">
+<DATE>18-JUN-1987 11:41:34.51</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f3588&#31;reute
+f f BC-FED-SAYS-IT-SET   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE
+AGREEMENTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6503" NEWID="18751">
+<DATE>18-JUN-1987 11:43:22.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3599&#31;reute
+r f BC-BECOR-WESTERN-&lt;BCW>AG   06-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BECOR WESTERN &lt;BCW>AGAIN ADJOURNS HOLDER MEETING</TITLE>
+<DATELINE>    SOUTH MILWAUKEE, Wis., June 18 - </DATELINE><BODY>Becor Western Inc said its
+reconvened shareholders meeting has been adjourned to 1000 CDT
+June 30.
+    The company had previously announced plans to again adjourn
+the meeting following receipt of a renewed offer from Lynch
+Corp &lt;LGL> yesterday.
+    The meeting was originally convened on June four when
+shareholders approved the sale of Becor's Western Gear Corp
+subsidiary before adjourning. The remaining matter to be
+presented is the proposed acquisition of Becor by BCW
+Acquisition Inc, now one of four offers for the company./
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6504" NEWID="18752">
+<DATE>18-JUN-1987 11:44:20.69</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3603&#31;reute
+r f BC-STEEL-FIRMS-STUDY-USX   06-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEEL FIRMS STUDY USX &lt;X> UNIT PRICE HIKE</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Two major steel companies said they
+were studying a price increase announced yesterday by USX
+Corp's USS steelmaking division.
+    Spokesman for Armco Inc &lt;AS> and Bethlehem Steel Corp &lt;BS>
+said the proposed price hike was under study.
+    Yesterday, USS said it plans to raise base prices on plate
+products by 20 dlrs a ton, or about five pct, effective with
+shipments October 4.
+    A spokesman for LTV Steel Co, a unit of LTV Corp &lt;QLTV>,
+declined comment, adding that the company does not make heavy
+plate and makes few other plate products.
+    A spokesman for &lt;National Steel Corp>, a joint venture of
+National Intergroup Inc &lt;NII> and Nippon Kokan K.K., said the
+company is not in the product lines affected.
+    Reached later, an Inland Steel Industries Inc &lt;IAD>
+spokesman said the company was studying the pricing move.
+    USX said the increase will be on all plate products,
+including carbon, high-strength low-alloy, strip mill and alloy
+plates. It also said it planned 20-dlr-a-ton increases on some
+special plate widths and thicknesses.
+    Analysts have said firm prices for steel should contribute
+to better results at the nation's major steelmakers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6505" NEWID="18753">
+<DATE>18-JUN-1987 11:44:27.20</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3604&#31;reute
+b f BC-ITALIAN-BALANCE-OF-PA   06-18 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN BALANCE OF PAYMENTS IN DEFICIT IN MAY</TITLE>
+<DATELINE>    ROME, June 18 - </DATELINE><BODY>Italy's overall balance of payments showed
+a deficit of 3,211 billion lire in May compared with a surplus
+of 2,040 billion in April, provisional Bank of Italy figures
+show.
+    The May deficit compares with a surplus of 1,555 billion
+lire in the corresponding month of 1986.
+    For the first five months of 1987, the overall balance of
+payments showed a surplus of 299 billion lire against a deficit
+of 2,854 billion in the corresponding 1986 period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6506" NEWID="18754">
+<DATE>18-JUN-1987 11:44:58.77</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3606&#31;reute
+u f BC-COASTAL-&lt;CGP>-CRUDE-P   06-18 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL &lt;CGP> CRUDE POSTING UP 50 CTS/BBL</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Coastal Corp &lt;CGP> said it raised the
+postings of crude oil 50 cts a barrel across the board,
+effective yesterday, June 17.
+    The new price for West Texas Intermediate is 19.00 dlrs a
+barrel. For West Texas Sour the new price is 18.10 dlrs a
+barrel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6507" NEWID="18755">
+<DATE>18-JUN-1987 11:45:19.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3607&#31;reute
+s f BC-NRM-ENERGY-CO-LP-&lt;NRM   06-18 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NRM ENERGY CO LP &lt;NRM> SETS PAYOUT</TITLE>
+<DATELINE>    DALLAS, June 18 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay Aug 15
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6508" NEWID="18756">
+<DATE>18-JUN-1987 11:45:25.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3608&#31;reute
+s f BC-INSILCO-CORP-&lt;INR>-SE   06-18 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSILCO CORP &lt;INR> SETS PAYOUT</TITLE>
+<DATELINE>    MERIDEN, Conn., June 18 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay Aug One
+    Record July 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6509" NEWID="18757">
+<DATE>18-JUN-1987 11:45:41.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3609&#31;reute
+s f BC-NUCOR-CORP-&lt;NUE>-SETS   06-18 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUCOR CORP &lt;NUE> SETS PAYOUT</TITLE>
+<DATELINE>    CHARLOTTE, N.C., June 18 -
+    </DATELINE><BODY>Qtly div nine cts vs nine cts prior
+    Pay Aug 11
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6510" NEWID="18758">
+<DATE>18-JUN-1987 11:46:05.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f3612&#31;reute
+r f BC-PHELPS-DODGE-&lt;PD>-MAY   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHELPS DODGE &lt;PD> MAY BE UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may upgrade the ratings on Phelps Dodge Corp's 545 mln dlrs of
+debt securities.
+    The agency cited Phelps Dodge's progress in restoring
+profitability in a difficult environment for the copper
+industry. Moody's said it will study the company's prospects
+for continued improvements in debt protection measurements. It
+noted that copper prices recently increased.
+    Under review for possible upgrade are Phelps Dodge's Ba-1
+sinking fund debentures and industrial revenue bonds and Ba-2
+convertible exchangeable preference shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6511" NEWID="18759">
+<DATE>18-JUN-1987 11:46:29.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3614&#31;reute
+r f BC-RJR-NABISCO-&lt;RJR>-PER   06-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR NABISCO &lt;RJR> PERSONNEL CHANGES AT UNITS</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., June 18 - </DATELINE><BODY>RJR Nabisco Inc said it
+carried out several personnel and organizational changes in its
+foods and tobacco businesses.
+    H. John Greeniaus, executive vice president of Nabisco
+Brands Inc and president of International Nabisco Brands, has
+been named president and chief executive officer of Nabisco
+Brands Inc, the company said.
+    Replacing Greeniaus as president of International Nabisco
+Brands is Peter Rogers, previously president of Nabisco Brands
+USA, the company said.
+   
+    The company also said Gerald Long, senior executive officer
+of RJ Reynolds Tobacco USA, has been given the additional title
+of chairman of RJ Reynolds Tobacco USA.
+    Charles Chapman, former president and chief operating
+officer of Nabisco Brands, was named president of Nabisco
+Brands North America, the company said.
+    The company said it assigned its Planters Plus Life Savers
+operation to RJ Reynolds Tobacco Co from its current reporting
+structure in Nabisco Brands USA. In addition, the Del Monte
+Corp will now report to James Welch Jr, vice chairman of RJR
+Nabisco and chairman of Nabisco Brands Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6512" NEWID="18760">
+<DATE>18-JUN-1987 11:46:45.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E Y 
+&#22;&#22;&#1;f3616&#31;reute
+r f BC-GULF-CANADA-&lt;GOC.TO>   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF CANADA &lt;GOC.TO> HOLDERS APPROVE PLAN</TITLE>
+<DATELINE>    TORONTO, June 18 - </DATELINE><BODY>Gulf Canada Corp shareholders at the
+annual meeting approved a previously reported reorganization
+plan giving shareholders stock in three publicly traded
+companies.
+    Shareholders will receive 66 shares in Gulf Canada
+Resources Ltd, 29 shares of Abitibi-Price Inc &lt;AIB.TO> and 20
+common shares of GW Utilities Ltd for every 100 shares in Gulf
+Canada Corp. GW Utilities, a new company, will hold Gulf's 83
+pct stake in Consumers Gas Co Ltd, 49 pct of Hiram
+Walker-Gooderham and Worts Ltd and 41 pct of Interprovincial
+Pipe Line Ltd &lt;IPL.TO>.
+
+    Debenture holders who objected to the plan withdrew a
+proposed amendment when Gulf Canada chairman Marshall Cohen
+said they would receive compensation for six months of interest
+they would otherwise have lost under the plan.
+    The debenture holders had sought to postpone the
+reorganization's effective date to July 16 from July 1 in order
+to earn interest for the latest six-month period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6513" NEWID="18761">
+<DATE>18-JUN-1987 11:47:46.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T 
+&#22;&#22;&#1;f3618&#31;reute
+u f BC-EUROPEAN-PARLIAMENT-T   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN PARLIAMENT THREATENS TO BLOCK EC BUDGET</TITLE>
+<DATELINE>    STRASBOURG, June 18 - </DATELINE><BODY>The European Parliament threatened to
+block European Community spending plans for next year and
+implied it could also hold up attempts to solve an
+ever-deepening budget crisis this year.
+    The Parliament voted unanimously in favour of a resolution
+condemning the annual haggling and compromising between the
+Community's 12 member states on spending levels.
+    "It is no longer possible to resort to short-term measures
+or to provisional budgetary solutions. It is no longer possible
+to accept a budget in which real expenditure is not covered by
+revenue," the resolution said.
+    Parliamentary blocking could jeopardise efforts to solve a
+financing crisis over a five billion European Currency Unit
+(ECU) shortfall for this year, diplomats said. EC ministers are
+deadlocked on the issue.
+    It also would plunge the EC into an ever-deepening crisis
+next year. Without parliamentary approval of the 1988 budget,
+the Community would be forced into emergency measures, with
+spending set according to the previous year's levels.
+    British conservative parliamentarian Peter Price told
+reporters that parliament could delay an emergency package
+until EC ministers prove they are ready to find a long-term
+solution.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6514" NEWID="18762">
+<DATE>18-JUN-1987 11:47:54.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f3619&#31;reute
+r f BC-CRANE-&lt;CR>-DEBT-UPGRA   06-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRANE &lt;CR> DEBT UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Moody's Investors Service Inc said it
+upgraded Crane Co's 75 mln dlrs of debt.
+    Raised were the company's subordinated debt to Baa-3 from
+Ba-2 and in-substance defeased senior debentures to A-2 from
+A-3.
+    Moody's cited Crane's progress in reducing its exposure to
+such cyclical industries as steel and in strengthening its core
+businesses through acquisitions and cost reduction.
+    The agency expects Crane to have further improvement in
+operating margins. The diversity of Crane's businesses will
+strengthen cash flow and improve debt protection, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6515" NEWID="18763">
+<DATE>18-JUN-1987 11:47:58.73</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3620&#31;reute
+b f BC-/-FED-ADDS-RESERVES-V   06-18 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ADDS RESERVES VIA CUSTOMER REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>The Federal Reserve entered the
+government securities market to supply temporary reserves
+indirectly via two billion dlrs of customer repurchase
+agreements, a spokesman for the New York Fed said.
+    Fed funds were trading at 6-3/4 pct when the Fed began
+its action.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6516" NEWID="18764">
+<DATE>18-JUN-1987 11:48:30.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3622&#31;reute
+r f BC-OMI-&lt;OMIC.O>-PLANS-TO   06-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMI &lt;OMIC.O> PLANS TO REDUCE DEBT TO 30 MLN DLRS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Omi Corp said it expects to reduce the
+debt guaranteed by former parent Ogden Corp &lt;OG> to 30 mln dlrs
+from about 50 mln dlrs by the end of 1987 from financing
+measures including an employee stock ownership plan.
+    The bulk shipping company said it expects to have the ESOP
+in place before year end, subject to stockholder approval.
+    The company also said it anticipates later this year to
+refinance its high cost debt related to a U.S. flag chemical
+tanker through a lease swap arrangement.
+    Omi said this move would further enhance cash flow.
+   
+    In another matter, the company said through a joint venture
+with &lt;Anders Wilhelmsen and Co>, three large crude carriers
+have been chartered-in for minimum periods of six months with
+various extension options, and, in one case, a purchase option.
+    The company said it anticipates that the purchase option
+will be exercised by the joint venture this summer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6517" NEWID="18765">
+<DATE>18-JUN-1987 11:50:59.27</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3632&#31;reute
+u f BC-NATIONAL-INTERGROUP-&lt;   06-18 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL INTERGROUP &lt;NII> UNIT RAISES CRUDE PRICES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Permian Corp, a subsidiary of National
+Intergroup, said it raised its crude oil postings by 50 cts a
+barrel, effective June 17.
+    the company said its new posted price for West Texas
+Intermediate and West Texas Sour is 19 dlrs a barrel, while
+Light Louisiana Sweet is now 19.35. The price hike follows
+other increases industrywide.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6518" NEWID="18766">
+<DATE>18-JUN-1987 11:51:06.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3633&#31;reute
+r f BC-PRIMERICA-&lt;PA>-LISTS   06-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIMERICA &lt;PA> LISTS ON LONDON EXCHANGE</TITLE>
+<DATELINE>    GREENWICH, Conn., June 18 - </DATELINE><BODY>Primerica Corp said its common
+stock has been listed on the London Stock Exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6519" NEWID="18767">
+<DATE>18-JUN-1987 11:51:52.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3638&#31;reute
+d f BC-OGDEN-CORP-&lt;OG>-SETS   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OGDEN CORP &lt;OG> SETS SALE OF DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Ogden Corp said it has concluded the
+sale outside the United States through &lt;Salomon Bros
+International Inc> and &lt;Allen and Co Inc> of 85 mln dlrs of its
+six pct convertible subordinated debentures maturing in 2002.
+    The company said the debentures are convertible into Ogden
+common stock at 79.75 dlrs per share without giving effect to
+the 2-for-1 stock split distributable on July three.
+    A portion of the proceeds will be used to redeem the 50 mln
+dlrs of outstanding senior subordinated debt which currently
+bears interest at a rate of about eight pct, the company said.
+   
+    The balance of the proceeds is expected to be used in the
+financing of projects and general corporate purposes, the
+company said.
+    Ogden also said the potential conversion of the debentures
+will not adversely affect its current earnings and cash flow
+expectations.
+    The debentures have not been, and will not be, registered
+under the U.S. Securities Act of 1933 and may not be offered or
+sold in the U.S. or to a citizen of resident of the U.S., the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6520" NEWID="18768">
+<DATE>18-JUN-1987 11:52:29.60</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f3641&#31;reute
+d f BC-U.S.-STEEL-FIRMS-STUD   06-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. STEEL FIRMS STUDY USX UNIT PRICE HIKE</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Two major steel companies said they
+were studying a price increase announced yesterday by USX
+Corp's USS steelmaking division.
+    Spokesman for Armco Inc and Bethlehem Steel Corp said the
+proposed price hike was under study.
+    Yesterday, USS said it plans to raise base prices on plate
+products by 20 dlrs a short ton, or about five pct, effective
+with shipments October 4.
+    A spokesman for LTV Steel Co, a unit of LTV Corp, declined
+comment, adding that the company does not make heavy plate and
+makes few other plate products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6521" NEWID="18769">
+<DATE>18-JUN-1987 11:53:24.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3644&#31;reute
+r f BC-STANDARD-COMMERCIAL-&lt;   06-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD COMMERCIAL &lt;STOB.O> 4TH QTR NET</TITLE>
+<DATELINE>    WILSON, N.C., June 18 - </DATELINE><BODY>qtr ended March 31
+    Shr 74 cts vs 79 cts
+    Net 4,069,000 vs 3,458,000
+    Revs 173.2 mln vs 120.8 mln
+    Year
+    Shr 2.65 dlrs vs 2.73 dlrs
+    Net 13.3 mln vs 11.9 mln
+    Revs 618.4 mln vs 520.7 mln
+    NOTE: Full name is Standard Commercial Tobacco Co.
+   
+    Latest qtr and year includes tax loss carryforwards of
+771,000 dlrs and 1,042,000 dlrs, respectively, and a loss of
+613,000 dlrs for discontinued operation. Prev qtr and year
+includes tax loss carryforwards of 469,000 dlrs and 1,902,000
+dlrs, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6522" NEWID="18770">
+<DATE>18-JUN-1987 11:56:30.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3651&#31;reute
+u f BC-U.K.-CAPITAL-EXPENDIT   06-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. CAPITAL EXPENDITURE RISES IN 1ST QTR 1987</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Capital expenditure in the U.K.
+Manufacturing, construction, distribution and financial sectors
+rose slightly in the first quarter to 4.75 billion stg from
+4.74 billion in the fourth 1986 quarter, but remained below the
+4.86 billion stg spent in first quarter 1986, the Department of
+Trade and Industry said.
+    Manufacturing saw its share of spending rise to 1.64
+billion stg in the first quarter from 1.57 billion in the final
+1986 quarter, but that was under the 1.78 billion stg
+registered in first quarter 1986. Expenditure levels are
+seasonally adjusted and measured at 1980 prices, the Department
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6523" NEWID="18771">
+<DATE>18-JUN-1987 11:57:09.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f3654&#31;reute
+f f BC-SECURITY-PACIFI   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SECURITY PACIFIC SAYS SEC DECLARES EFFECTIVE ITS 1.2
+BILLION DLR SHELF
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6524" NEWID="18772">
+<DATE>18-JUN-1987 11:58:11.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3658&#31;reute
+f f BC-STORAGE-TECHNOLO   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>STORAGE TECHNOLOGY CORP SAYS COURT APPROVES EMERGENCE FROM
+CHAPTER 11
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6525" NEWID="18773">
+<DATE>18-JUN-1987 11:59:16.36</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3660&#31;reute
+u f BC-/PETRO-CANADA-CRUDE-U   06-18 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETRO-CANADA CRUDE UP 32 CTS CANADIAN/BBL</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Petro-Canada, a state-owned oil
+company, raised the posting prices of sweet and sour crude oils
+32 cts Canadian per barrel, effective today, the company said.
+    The change brings the price of light sweet crude to 26.50
+dlrs Canadian per barrel and the price of light sour crude to
+23.77 dlrs Canadian a barrel. The crude oils are from
+Edmonton/Swann Hills.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6526" NEWID="18774">
+<DATE>18-JUN-1987 12:02:05.63</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3672&#31;reute
+d f BC-U.K.-COURT-RULES-AGAI   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. COURT RULES AGAINST RTZ ON OIL FIELD COSTS</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>The U.K. High Court dismissed an appeal
+by Rio Tinto-Zinc Corp Plc's &lt;RTZL.L> RTZ Oil and Gas Ltd unit
+and ruled that the financial provisions a company makes for the
+future cost of abandoning an oil field are not tax deductible,
+the Press Association reported.
+    The company was appealing against a decision of the Tax
+Commissioners that any such provision was a capital
+expenditure, not a revenue expenditure, and was not deductible.
+The court was told that since 1976 the company had made an
+annual provision of around 750,000 stg for the eventual cost of
+abandoning a rig.
+    An RTZ spokesman said the ruling was not worrying as the
+subsidiary had assumed that the provisions were not deductible
+from corporation tax payable.
+    It would have been a bonus if the company had won but all
+budgeting had been on the assumption that it would not, he
+said.
+    Oil analysts said that RTZ's assumption of liability was
+shared by the industry as a whole.
+    The ruling appeared to mean that tax relief on the
+expensive process of abandoning rigs would apply when the
+expense occurred, not when provisions for future expenses were
+built into the accounts, one analyst added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6527" NEWID="18775">
+<DATE>18-JUN-1987 12:02:54.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D><D>amex</D><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3677&#31;reute
+b f BC-OPTIONS   06-18 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC ACTS ON EXCHANGE-LISTED OPTIONS TRADING</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The Securities and Exchange
+Commission began proceedings in which it will consider allowing
+options trading on exchange-listed securities on more than one
+options market.
+    In a three-nil decision, the SEC voted to seek public
+comment on a proposed rule removing restrictions that prevent
+the options from being traded on more than one market.
+    Exclusive trading rights in options on exchange-listed
+stocks are now determined by a lottery system among options
+exchanges.
+    The SEC also voted to ask the New York, American, Chicago
+Board Options, Pacific and Philadelphia Exchanges to
+voluntarily postpone an options allocation lottery scheduled
+for June 22 while the matter is under consideration.
+    Richard Ketchum, head of the SEC's division of market
+regulation, said the exchanges are not required to adhere to
+the request.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6528" NEWID="18776">
+<DATE>18-JUN-1987 12:03:51.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3682&#31;reute
+u f BC-INDONESIAN-DEBT-SERVI   06-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIAN DEBT SERVICE RATIO PEAKS, MINISTER SAYS</TITLE>
+<DATELINE>    THE HAGUE, June 18 - </DATELINE><BODY>Indonesia expects the recent years'
+rise in its debt service ratio to peak at the current level of
+41 pct, Development Supervision Minister Ali Wardhana told
+journalists.
+    He was speaking at a news conference following a two day
+annual meeting of aid donors grouped in the Inter-Governmental
+Group on Indonesia (IGGI) in which 3.15 billion dlrs in fresh
+funds were pledged for the coming year.
+    "The current debt service ratio of 41 pct will be the top,"
+Wardhana said, noting the debt service ratio rose to that level
+from 37 pct last year. Indonesia's debt totals 37 billion dlrs.
+    "The current debt burden will be manageable if concessionary
+loans can be attracted," he said.
+    He said international organisations such as the World Bank
+pledged an unchanged 1.68 billion dlrs in fresh funds to
+Indonesia and this year's overall total, up from last year's
+2.6 billion, reflected higher pledges from donor countries.
+    He said Japan raised its pledge to 88 billion yen from 80
+billion last year. Britain almost trebled its contribution to
+130 mln stg from 45 mln. The United States raised its
+contribution to 190 mln dlrs from 86 mln and the Netherlands
+raised its figure to 232 mln guilders from 180 mln.
+    Commenting on the increase in funds pledged to Indonesia,
+which has been hard hit in export revenue due to the oil price
+collapse, Wardhana said, "I am happily surprised, but in view of
+the seriousness of the balance of payments situation the amount
+is what we needed to cope."
+    He noted donors pledged to increase local cost financing as
+part of the aid package. Some 900 mln dlrs of the package will
+be for programme aid or local cost financing, Indonesian
+Central Bank Governor Arifin Siregar said.
+    Trade Minister Rachmat Saleh said Indonesia will continue
+to reform the economy and bring about further liberalisations.
+    "Indonesia has undertaken reforms to meet external problems,"
+Saleh said. "It's a good thing and we will continue with
+deregulation in trade, industry and licensing of new
+businesses."
+    Asked whether the question of private capital exports from
+Indonesia was discussed, central bank governor Arifin Siregar
+expressed confidence that any drain of capital abroad would
+only be temporary.
+    He noted there had been a turnaround in a recent fall in
+foreign exchange reserves three days ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6529" NEWID="18777">
+<DATE>18-JUN-1987 12:04:12.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F 
+&#22;&#22;&#1;f3685&#31;reute
+u f BC-/SECURITY-PACIFIC-&lt;SP   06-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC &lt;SPC> UNIT'S SHELF EFFECTIVE</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Security Pacific National Bank, a unit
+of Security Pacific Corp, said the Securities and Exchange
+Commission declared effective its shelf registration statement
+covering 1.2 billion dlrs of mortgage related securities.
+    The bank said it filed the registration statement in April.
+This is the bank's second shelf registration filed in
+connection with Security Pacific Merchant Bank's efforts to
+securitize mortgages originated by Security Pacific National,
+it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6530" NEWID="18778">
+<DATE>18-JUN-1987 12:05:07.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3693&#31;reute
+r f BC-SOUTHMARK-&lt;SM>-ACQUIR   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHMARK &lt;SM> ACQUIRES BERG VENTURES</TITLE>
+<DATELINE>    DALLAS, June 18 - </DATELINE><BODY>Southmark Corp said it acquired Berg
+Ventures Inc, which manages 84 apartment complexes with over
+18,000 units and 12 shopping centers stretching from New Jersey
+to Florida that are controlled or affiliated with Berg Harmon
+Associates. Terms were not disclosed.
+    Southmark said the acquisition makes it the nation's
+largest apartment management firm with over 100,000 units under
+its wing. Southmark also said it has become the managing
+partner of Berg Harmon Associates. Over 3,000 Berg Harmon
+Limited partners have made capital investments of over 300 mln
+dlrs in the properties now managed by Southmark.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6531" NEWID="18779">
+<DATE>18-JUN-1987 12:05:13.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3694&#31;reute
+r f BC-KLM-NET-PROFIT-DECLIN   06-18 0059</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+KLM NET PROFIT DECLINES IN 1986/87 YEAR
+    AMSTERDAM, June 18
+    Year ended March 31
+    Net profit 301 mln guilders vs 312 mln
+    Profit per 20 guilder nominal ordinary share 5.93 guilders
+vs 6.14 on unchanged 50.85 mln shares.
+    Operating revenues 5.38 billion guilders vs 5.85 billion.
+    Profit on sale of fixed assets 23 mln guilders vs 62 mln.
+    Dividend eight pct or 1.60 guilders per ordinary share vs
+same, and five pct vs same for priority and preferential
+shares.
+    Costs including depreciation 5.08 billion guilders vs 5.59
+billion.
+    Financial charges 34 mln vs 33 mln.
+    Profit from participations 11 mln vs 15 mln.
+    Extraordinary gain one mln vs nil.
+    Note: The company was not required to pay corporation tax
+in the 1986/87 book year thanks to fiscal compensation
+possibilities. The full company name is Koninklijke Luctvaart
+Maatschappij NV &lt;KLM.AS>.
+    KLM released provisional figures on May 26.
+    These were -
+    Net profit 301 mln guilders vs 312 mln.
+    Operating revenues 5.4 billion guilders vs 5.9 billion.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6532" NEWID="18780">
+<DATE>18-JUN-1987 12:05:29.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3696&#31;reute
+b f BC-GM-&lt;GM>-UNITS-EXTEND   06-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> UNITS EXTEND INCENTIVES</TITLE>
+<DATELINE>    DETROIT, June 18 - </DATELINE><BODY>General Motors Corp's Chevrolet and
+Oldsmobile divisions said they are extending cash rebates and
+discount financing on several car and truck lines through the
+summer.
+    Chevrolet said that through August 3 its customers could
+choose cash rebates of 300 dlrs to 1,000 dlrs depending on
+models or loan rates beginning at 3.9 pct through 9.9 pct,
+depending on length of contract. The program covers six car
+lines and S-10 Blazer and pickup trucks.
+    Oldsmobile said separately its cash rebates and discount
+financing packages with rates beginning at 3.9 pct for 24-month
+loans were continued retroactively to June 16 on its Delta 88
+and 98 Regency models.
+    It gave no expiration for its incentive program.
+    Chevrolet said its program continues to cover its newly
+introduced Corsica and Beretta compact cars.
+    Through June 10, Chevrolet's car sales are 14.1 pct below
+last year's levels while Oldsmobile's retail deliveries of cars
+are off by 31.9 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6533" NEWID="18781">
+<DATE>18-JUN-1987 12:05:52.68</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D><D>soy-oil</D><D>rape-oil</D><D>cotton-oil</D><D>coconut-oil</D><D>sun-oil</D></TOPICS>
+<PLACES><D>belgium</D><D>malaysia</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f3699&#31;reute
+d f BC-GROWTH-OF-PALM-OIL-US   06-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROWTH OF PALM OIL USE SET TO SLOW, OUTPUT TO RISE</TITLE>
+<DATELINE>    ANTWERP, June 18 - </DATELINE><BODY>The rate of increase in world palm oil
+use is likely to slow next season despite an expected 800,000
+tonne production rise to 8.13 mln tonnes, Siegfried Mielke,
+editor of the Hamburg-based newsletter Oil World said.
+    He told the 8th Antwerp Oils and Fats Contact Days that in
+the next Oct/Sept 1987/88 season, palm oil use will rise to
+8.25 mln tonnes from 7.71 mln, below the five-year average
+increase of 550,000 tonnes.
+     Opening stocks at the start of next October are expected
+to be about 1.4 mln tonnes, 300,000 tonnes below year-earlier
+levels, bringing total supplies to 9.5 mln tonnes, he said.
+    The anticipated total supplies will be about 500,000 tonnes
+above this season's available amount, Mielke said.
+    The increase in mature palm tree areas in Malaysia will
+slow down from this year on, but that will be offset by area
+expansion in Indonesia, he said.
+    He estimated the combined rise in Malaysian and Indonesian
+mature area at 8.7 pct next year, after 9.5 pct this year, and
+at 6.7 pct in 1989 and 5.0 pct in 1990.
+    Malaysia also is shifting plantings to Sabah and Sarawak,
+where the rate of expansion is higher than in the Peninsula,
+but where yields are lower, he said.
+     The stocks/usage ratio of seven major oils is also
+expected to decline, Mielke said. The oils are soybean,
+cottonseed, sunflowerseed, coconut, rapeseed, palmkernel and
+palm.
+    At the start of October 1986 stocks of these oils were
+unusually high and represented 6.8 weeks of the current
+season's prospective demand, compared with six weeks a year ago
+and with 5.4 weeks in 1984, he said.
+    Mielke expects the ratio to fall to 5.9 weeks by the start
+of next October and to the unusually low level of 5.4 weeks by
+the end of next season.
+    The stocks/usage ratio for palm oil was 11.4 weeks last
+October and is likely to be 8.7 weeks next October and 7.7 at
+the end of next season, Mielke said.
+    World oilseed stocks also are expected to fall in the
+course of the next season, with the biggest reduction seen in
+soybean stocks, which Mielke expects to decline by 5.0 mln
+tonnes or by one fifth.
+    Almost all of the decline is expected to occur in the U.S.,
+for which he estimated ending stocks next season at 10.7 mln
+tonnes, or 393 mln bushels, against anticipated ending stocks
+of 15 mln tonnes, or 551 mln bushels, at the end of this
+season.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6534" NEWID="18782">
+<DATE>18-JUN-1987 12:08:05.85</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y 
+&#22;&#22;&#1;f3719&#31;reute
+r f BC-PAN-ALBERTA/UNITED-GA   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN-ALBERTA/UNITED GAS SETTLEMENT APPROVED</TITLE>
+<DATELINE>    CALGARY, Alberta, June 18 - </DATELINE><BODY>Pan-Alberta Gas Ltd said its
+1986 proposed settlement with United Gas Pipe Line Co, of
+Houston, received unconditional approval by the U.S. Federal
+Energy Regulator Commission.
+    Pan-Alberta said the approved deal authorized terms of a
+two-year interim contract amendment, cash payments and
+transportation credits for Pan-Alberta's customers, minimum
+yearly natural gas takes by United and a two-year commodity
+price. United will pay Pan-Alberta producers about 50 mln dlrs
+over the interim period and take at least an average 40 mln
+cubic feet a day of gas, Pan-Alberta said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6535" NEWID="18783">
+<DATE>18-JUN-1987 12:08:12.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3720&#31;reute
+r f BC-MAY-&lt;MA>-WON'T-BUY-AL   06-18 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAY &lt;MA> WON'T BUY ALLIED'S DEY BROTHERS STORES</TITLE>
+<DATELINE>    ST. LOUIS, June 18 - </DATELINE><BODY>May Department Stores Co said it
+terminated an agreement with Allied Stores Corp to buy from
+Allied the four Dey Brothers Stores in Syracuse, N.Y.
+    May and Allied said conditions necessary for the closing
+were not met.
+    May had planned to make the acquisition an expansion of its
+Sibley's Department Store Co, which operates in Syracuse,
+Rochester and Buffalo, N.Y.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6536" NEWID="18784">
+<DATE>18-JUN-1987 12:08:38.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f3724&#31;reute
+r f BC-VALERO-NATURAL-GAS-&lt;V   06-18 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALERO NATURAL GAS &lt;VLP> SETS INITIAL PAYOUT</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, June 18 - </DATELINE><BODY>Valero Natural Gas Partners
+LP said its board has declared an initial quarterly dividend of
+67.3611 cents per unit, payable August 14, record July 1.
+    The partnership said the distribution covers its first full
+quarter of operations ending June 30 plus the period from the
+inception of its operations on March 25.
+    Future dividends will be 62.5 cts quarterly, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6537" NEWID="18785">
+<DATE>18-JUN-1987 12:10:38.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f3727&#31;reute
+d f BC-DUFF/PHELPS-LOWERS-TR   06-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS LOWERS TRANSCO ENERGY &lt;E> AND UNIT</TITLE>
+<DATELINE>    CHICAGO, June 18 - </DATELINE><BODY>Duff and Phelps said it lowered its
+ratings on outstanding notes and debentures of Transco Energy
+Company and its subsidiary Transcontinental Gas Pipe Line
+Company, affecting 887 mln dlrs in debt securities.
+    Transco Energy cumulative convertible preferred stock was
+lowered to DP-12 (middle BB) from DP-10 (low BBB) and
+Transcontinental Gas Pipe Line notes and debentures were
+lowered to DP-10 from DP-8 (high BBB) and preferred stock to
+DP-11 (high BB) from DP-9 (middle BBB).
+    Duff and Phelps said the downgrade reflects an increase in
+Transco's estimate of payments it will require to settle
+take-or-pay liabilities from 550 mln dlrs to 900 mln dlrs.
+Transco has already made more than 400 mln dlrs in cash
+payments.
+    In addition, natural gas remains in excess supply and the
+ability of Transcontinental to keep its pipeline full is
+subject to increaseing competition.
+                   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6538" NEWID="18786">
+<DATE>18-JUN-1987 12:13:06.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3736&#31;reute
+b f BC-STORAGE-&lt;STK>-SAYS-CO   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STORAGE &lt;STK> SAYS COURT CLEARS REORGANIZATION</TITLE>
+<DATELINE>    LOUISVILLE, Colo., June 18 - </DATELINE><BODY>Storage Technology Corp said
+the U.S. Bankruptcy Court has approved its plan of
+reorganization and its emergence from Chapter 11 bankruptcy.
+    Under the terms of the plan, the company said all approved
+creditors claims will be paid in full in cash, equity and
+notes. It said it will settle about 800 mln dlrs in liabilities
+through the payment of about 132.5 mln dlrs in cash, 285 mln
+dlrs of 10-year 13.5 pct notes and 192 mln additional common
+shares.
+    The company said existing common shareholders will hold
+about 15 pct of the company's shares after the distribution.
+    The company said the distribution of the cash, equity and
+notes to creditors will start in July.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6539" NEWID="18787">
+<DATE>18-JUN-1987 12:13:14.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f3737&#31;reute
+r f BC-MARINE-MIDLAND-&lt;MM>-A   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARINE MIDLAND &lt;MM> AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed Marine Midland Banks Inc's 500 mln dlrs of debt.
+    S and P cited a 400 mln dlr provision to reserves for
+developing country credits. The provision brings Marine's
+reserve to about 29 pct and will enhance its flexibility in
+actively managing this portfolio. S and P also said Marine's
+earnings and asset quality are showing steady improvement.
+    Affirmed were the bank's A-plus senior debt, A-rated
+subordinated debt, A-minus preferred stock and A-1-plus
+commercial paper. Also affirmed were lead bank Marine Midland
+Bank NA's A-plus/A-1-plus certificates of deposit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6540" NEWID="18788">
+<DATE>18-JUN-1987 12:16:26.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3750&#31;reute
+u f BC-QUAKER-OATS-&lt;OAT>-CAN   06-18 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUAKER OATS &lt;OAT> CANNOT ACCOUNT FOR DECLINE</TITLE>
+<DATELINE>    CHICAGO, June 18 - </DATELINE><BODY>Quaker Oats Co said in response to a
+query that it knew of no corporate development to account for
+the decline in its stock, trading at 54-3/8, off 2-1/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6541" NEWID="18789">
+<DATE>18-JUN-1987 12:18:29.55</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3754&#31;reute
+f f BC-UNOCAL-RAISED-C   06-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNOCAL RAISED CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW 19
+DLRS/BBL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6542" NEWID="18790">
+<DATE>18-JUN-1987 12:18:38.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3755&#31;reute
+d f BC-&lt;VIRTUSONICS-CORP>-CU   06-18 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;VIRTUSONICS CORP> CUTS WARRANT EXERCISE PRICE</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Virtusonics Corp said it has cut the
+exercise price of its warrants to 1.5 cts per share from 2.5
+cts from June 22 until July 22.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6543" NEWID="18791">
+<DATE>18-JUN-1987 12:19:30.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T 
+&#22;&#22;&#1;f3761&#31;reute
+d f BC-FRENCH-FARMERS-WORRIE   06-18 0143</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH FARMERS WORRIED BY FAILURE OF EC TALKS</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>France's leading farmer's union, the
+FNSEA, said it is worried that negotiations on the 1987/88 farm
+price package will now be tackled by European Community leaders
+who do not know the agricultural situation.
+    The leaders have no specialised knowledge of the farm
+dossier and have the tendency to sign compromises which are "too
+broad," union leader Raymond Lacombe said. But he added French
+Farm Minister Francois Guillaume had reason to reject a
+compromise which would have been negative for the farm sector.
+    EC ministers ended talks this morning having failed to get
+any agreement on agricultural prices for the 1987/88 farm year,
+which started on April 1 for certain products.
+    Lacombe said the French government should guarantee
+farmers' incomes until an agreement is reached.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6544" NEWID="18792">
+<DATE>18-JUN-1987 12:20:20.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3766&#31;reute
+r f BC-ZENITH-&lt;ZEN>,-SQUIBB   06-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZENITH &lt;ZEN>, SQUIBB &lt;SQB> IN SUPPLY TALKS</TITLE>
+<DATELINE>    RAMSEY, N.J., June 19 - </DATELINE><BODY>Zenith Laboratories Inc said it is
+discusssing with Squibb Corp's SquibbMark division a three-year
+agreement to supply some products to Squibb to sell under a
+SquibbMark label.
+    Zenith said the deal includes products it already markets
+and some that are pending marketing approval from the U.S. Food
+and Drug Administration.
+    Zenith also said the proposed agreement is still in
+negotiation and subject to approval by senior managements of
+Squibb and Zenith.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6545" NEWID="18793">
+<DATE>18-JUN-1987 12:21:15.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3773&#31;reute
+r f BC-BAXTER-&lt;BAX>-SETS-BRI   06-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAXTER &lt;BAX> SETS BRIEFING FOR NEW PRODUCT</TITLE>
+<DATELINE>    DEERFIELD, ILL., June 18 - </DATELINE><BODY>Baxter Travenol Laboratories Inc
+said it will hold a press conference June 29 to introduce a new
+information systems product that will "dramatically improve
+hospital efficiency."
+    No other details were disclosed.
+    Baxter currently offers computerized information systems
+that link hospital medical and business departments and
+doctors' offices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6546" NEWID="18794">
+<DATE>18-JUN-1987 12:22:37.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3779&#31;reute
+r f BC-HOLDER-&lt;HOLD.O>-REORG   06-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLDER &lt;HOLD.O> REORGANIZATION PLAN APPROVED</TITLE>
+<DATELINE>    TAMPA, Fla., June 18 - </DATELINE><BODY>Holder Communications Corp said
+stockholders approved its reorganization plan with the &lt;General
+Masonry Group> in Nashville, Tenn.
+    The company said also approved was its name change to GMX
+Communications Inc and an increase of authorized shares to 100
+mln from 20 mln.
+    Included in the reorganization, which is scheduled for
+closing June 30, was the installation of a new sla e of five
+directors.
+    Holder said it owns eight radio stations and General
+Masonry is engaged in masonry construction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6547" NEWID="18795">
+<DATE>18-JUN-1987 12:23:41.55</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3784&#31;reute
+b f BC-UNOCAL-&lt;UCL>-RAISED-C   06-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOCAL &lt;UCL> RAISED CRUDE OIL POSTINGS BY 50 CTS/BBL</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Unocal said it raised its postings for
+crude oil by 50 cts a barrel, effective June 17. The company
+said it is now posting West Texas Intermediate and West Texas
+Sour at 19 dlrs a barrel.
+    Unocal said its new Light Louisiana Sweet posted price is
+19.35 dlrs a barrel. the price move follows a wave of increases
+initiated by Sun Co yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6548" NEWID="18796">
+<DATE>18-JUN-1987 12:25:28.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3792&#31;reute
+u f BC-WOOLWORTH-&lt;Z>-ANNOUNC   06-18 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOOLWORTH &lt;Z> ANNOUNCES SALES STRATEGY</TITLE>
+<DATELINE>    PRINCETON, N.J. - </DATELINE><BODY>FW Woolworth Co's chairman and chief
+executive officer, Harold Sells, said the company remains
+commmitted to its general merchandise division, despite the
+growing importance of its specialty stores.
+    The company said its sales in the first quarter ended May 2
+were 1.53 billion dlrs, up from 1.41 billion dlrs in the same
+period last year.
+   
+    Sells said the company's specialty stores contributed 65
+pct to total operating profit last year, but profits in the
+general merchandise sector have been improving. He said the
+company has no plans to turn its back on the Woolworth stores.
+    "We've spent alot of money on refurbishing and remodeling
+our general merchandise stores, and we will continue to do so,"
+he said.
+    Sells said the number of general merchandise stores is not
+increasing. But one of the companies stratagies is to increase
+its core departments in the general merchandise stores into
+specialty stores, he said.
+    He said these include its framescene and cosmetics unit.
+    He said the company continues to look at mergers and
+acquisitions. But he stressed any acquisitions should make
+sense from a strategy standpoint.
+    "We're primarily looking for small, emerging growth stores
+with a concept that's right to expand on national scale," he
+said.
+   
+   Sells said the company has been looking at a number of
+initial experiments on home video sales. He said Woolworth will
+become involved this summer with J.C. Penny Co Inc's &lt;JCP>
+Tele-Action program, along with a number of other retailers.
+    Sells said the Tele-Action program, which is due to go on
+air in the Chicago area this summer, will feature products from
+Woolworth's Foot Locker unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6549" NEWID="18797">
+<DATE>18-JUN-1987 12:28:23.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f3803&#31;reute
+d f BC-WORLD-BANK-LOANS-MEXI   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LOANS MEXICO 400 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The World Bank said it has loaned
+Mexico 400 mln dlrs to help support an agricultural credit
+project.
+    The project hopes to increase agricultural productivity,
+exports, and real farm income by providing credit to private
+farmers, ranchers and agro-industries, the bank said.
+    The loan will be used for lending mainly by commercial
+banks and the National Rural Credit Bank, Mexico's largest
+agricultural credit lender, the bank said.
+    It also said the project hopes to aid in reducing the
+government's interest rate and credit subsidies.
+    The project will also support improvement of the
+agricultural credit system through reduction of subsidies for
+credit and crop insurance, and increased domestic resource
+mobilization, the bank said.
+    The loan, guaranteed by the government, is for 15 years,
+including three years of grace, at a variable interest rate -
+currently 7.92 pct, the bank said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6550" NEWID="18798">
+<DATE>18-JUN-1987 12:29:57.04</DATE>
+<TOPICS><D>trade</D><D>reserves</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f3809&#31;reute
+u f BC-ecuador-has-trade-sur   06-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR HAS TRADE SURPLUS IN FIRST FOUR MONTHS</TITLE>
+<DATELINE>    QUITO, June 18 - </DATELINE><BODY>Ecuador posted a trade surplus of 10.6 mln
+dlrs in the first four months of 1987 compared with a surplus
+of 271.7 mln in the same period in 1986, the central bank of
+Ecuador said in its latest monthly report.
+    Ecuador suspended sales of crude oil, its principal export
+product, in March after an earthquake destroyed part of its
+oil-producing infrastructure.
+    Exports in the first four months of 1987 were around 639
+mln dlrs and imports 628.3 mln, compared with 771 mln and 500
+mln respectively in the same period last year.
+    Exports of crude and products in the first four months were
+around 256.1 mln dlrs, compared with 403.3 mln in the same
+period in 1986. The central bank said that between January and
+May Ecuador sold 16.1 mln barrels of crude and 2.3 mln barrels
+of products, compared with 32 mln and 2.7 mln respectively in
+the same period last year.
+    Ecuador's international reserves at the end of May were
+around 120.9 mln dlrs, compared with 118.6 mln at the end of
+April and 141.3 mln at the end of May 1986, the central bank
+said. gold reserves were 165.7 mln dlrs at the end of May
+compared with 124.3 mln at the end of April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6551" NEWID="18799">
+<DATE>18-JUN-1987 12:30:17.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3812&#31;reute
+f f BC-1988-U.S.-BUDGE   06-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>1988 U.S. BUDGET PLAN CLEARED BY KEY CONGRESSIONAL
+COMMITTEE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6552" NEWID="18800">
+<DATE>18-JUN-1987 12:31:03.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f3818&#31;reute
+r f BC-REPUBLIC-BANK-&lt;RNB>-D   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC BANK &lt;RNB> DEBT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed about 600 mln dlrs of debt of Republic Bank NY Corp.
+    Affirmed were Republic's AA senior debt, AA-minus
+subordinated debt, A-plus preferred stock, A-1-plus commercial
+paper and A/A-1-plus certificates of deposit.
+    S and P cited the bank's decision to join the growing
+number of U.S. banks that have set aside reserves for
+developing country credits.
+    Republic strengthed its reserves by 100 mln dlrs.
+    Despite an expected second quarter loss, the firm remains
+one of the best capitalized banks in the U.S., S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6553" NEWID="18801">
+<DATE>18-JUN-1987 12:33:18.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3835&#31;reute
+u f BC-ENSOURCE-&lt;EEE>-SELLS   06-18 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENSOURCE &lt;EEE> SELLS CONVERTIBLE PREFERRED</TITLE>
+<DATELINE>    HOUSTON, June 18 - </DATELINE><BODY>Ensource Inc said it has agreed to sell
+one mln shares of convertible preferred stock to closely-held
+United Meridian Corp for 25 dlrs a share and to grant United
+warrants to buy 550,000 common shares.
+    Ensource said United chairman Ralph E. Bailey, who recenty
+retired as chairman of Du Pont Co's &lt;DD> Conoco Inc and vice
+chairman of Du Pont, and United president Joseph D., Mahaffey
+have been named to the board. It said United will later
+designate two more members to the 10-member board.
+    The company said it and United have also arranged for
+modifications to Ensource's senior bank credit agreement.
+    It said United will hold a 41 pct voting interest in
+Ensource on receipt of the preferred, which carries an annual
+dividend of 2.125 dlrs per share. Each share is convertible
+into 2.315 common shares.
+    The company said part of the dividends on the preferred
+will be paid in more convertible preferred shares.
+    It said the transaction is subject to United's approval of
+the bank debt restructuring documents and Federal Trade
+Commission approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6554" NEWID="18802">
+<DATE>18-JUN-1987 12:34:23.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3844&#31;reute
+r f BC-PAN-AM-&lt;PN>-RECEIVES   06-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN AM &lt;PN> RECEIVES AIRBUS AIRCRAFT</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>Pan American World Airways said it
+took delivery of the first of 12 A310-300 aircraft on June 17,
+becoming the first U.S. airline to receive the engines
+developed by the European consortium Airbus Industrie.
+    The airline is also the first to take United Technologies
+Corp's &lt;UTX> Pratt and Whitney PW4000 engines.
+    Pan American said it will intiially use the aircraft on
+domestic routes and later for international service. Each
+aircraf seats 12 first class passengers, 30 business class, and
+162 coach.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6555" NEWID="18803">
+<DATE>18-JUN-1987 12:34:36.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3846&#31;reute
+d f BC-PAR-&lt;PAR>-TO-COMPETE   06-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAR &lt;PAR> TO COMPETE WITH LILLY'S &lt;ELI> KEFLEX</TITLE>
+<DATELINE>    SPRING VALLEY, N.Y., June 18 - </DATELINE><BODY>Par Pharmaceutical Inc said
+it will begin marketing a generic form of Eli Lilly and Co's 
+Keflex, a widely used antibiotic whose patent expired April 21,
+in about six weeks.
+    Generic drugs are cheaper copies of brand name drugs that
+have lost their patents.
+    Par said its generic form of Keflex, called Cephalexin,
+will be made by an overseas supplier so that Par will not have
+to make a substantial investment in a separate facility
+required to make the product.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6556" NEWID="18804">
+<DATE>18-JUN-1987 12:35:27.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3850&#31;reute
+b f BC-/1988-U.S.-BUDGET-CLE   06-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>1988 U.S. BUDGET CLEARED BY COMMITTEE</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>A joint House-Senate committee
+formally approved a 1988 budget plan certain to touch off a
+battle with President Reagan over taxes and defense.
+    The budget, a compromise of earlier House and Senate
+budgets, was negotiated yesterday by House and Senate
+Democratic leaders.
+    The plan, slated for House action next Tuesday, would
+reduce next year's estimated 171-billion-dlr deficit to about
+134 billion dlrs.
+    It proposes 19 billion dlrs in new taxes next year and cuts
+Reagan's defense mark.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6557" NEWID="18805">
+<DATE>18-JUN-1987 12:37:06.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3857&#31;reute
+r f BC-ACTON-&lt;ATN>-SETS-ONE   06-18 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACTON &lt;ATN> SETS ONE FOR FIVE REVERSE SPLIT</TITLE>
+<DATELINE>    ACTON, Mass, June 18 - </DATELINE><BODY>Acton Corp said shareholders at the
+annaul meeting approved a one-for-five reverse split that takes
+effect June 25.
+    It said holders also approved a limitation of directors'
+liability and indemnity agreements between the company and its
+officers and directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6558" NEWID="18806">
+<DATE>18-JUN-1987 12:39:35.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3864&#31;reute
+f f BC-FIRST-WISCONSIN   06-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST WISCONSIN ADDS LOAN LOSSES, SEE 2ND QTR LOSS OF
+2.80 DLRS A&#27;[B SHARE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6559" NEWID="18807">
+<DATE>18-JUN-1987 12:44:36.25</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f3880&#31;reute
+r f BC-REICHHOLD-&lt;RCI>-RAISE   06-18 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REICHHOLD &lt;RCI> RAISES WAFERBOARD RESIN PRICES</TITLE>
+<DATELINE>    MISSISSAUGA, Ont., June 18 - </DATELINE><BODY>Reichhold Chemicals Inc said
+its Reichhold Ltd subsidiary has raised prices seven U.S. cent
+per pound on powdered phenolic waferboard resins, effective
+July 1, due to sharp increases in the cost of phenol.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6560" NEWID="18808">
+<DATE>18-JUN-1987 12:47:33.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3891&#31;reute
+r f BC-ENZON-&lt;ENZN.O>,-KODAK   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENZON &lt;ENZN.O>, KODAK &lt;EK> TO BEGIN DRUG TEST</TITLE>
+<DATELINE>    SOUTH PLAINFIELD, N.J., June 18 - </DATELINE><BODY>Enzon Inc and Eastman
+Kodak Co's Eastman Pharmaceuticals division said the Food and
+Drug Administration approved their application to allow
+clinical testing of the PEG-uricase drug to proceed.
+    Kodak owns 18.7 pct of Enzon and owns the marketing rights
+for PEG-uricase and two other drugs Enzon is developing.
+    The companies said PEG-uricase is intended to reduce uric
+acid levels in patients undergoing chemotherapy and suffering
+from gout. A build up of uric acid in the bloodstream, a common
+side effect of chemotherapy, often leads to kidney failure.
+    Enzon said that under the FDA's new rules to allow patients
+with life-threatening diseases to get investigational drugs,
+uric acid levels in an extremely ill patient decreased to
+normal levels within 48 hours after the drug was injected.
+    Separately, it said the FDA granted it permission to
+include an unlimited number of patients in trials with PEG-ADA,
+a drug used to treat a rare and usually fatal disease in
+children called severe combined immuodeficiency.
+    It said five children are being treated with the drug and
+it hopes to file a new drug application PEG-ADA by late 1987.
+When the NDA is approved, the drug can be marketed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6561" NEWID="18809">
+<DATE>18-JUN-1987 12:48:27.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3892&#31;reute
+u f BC-BANK-NF-NEW-ENGLAND-&lt;   06-18 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK NF NEW ENGLAND &lt;BKNE.O> SETS LOSS PROVISION</TITLE>
+<DATELINE>    BOSTON, June 18 - </DATELINE><BODY>Bank of New England Corp said it will
+make a special second quarter loan loss provision of 107 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6562" NEWID="18810">
+<DATE>18-JUN-1987 12:48:44.24</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3894&#31;reute
+u f BC-DIAMOND-SHAMROCK-&lt;DRM   06-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND SHAMROCK &lt;DRM> RAISES CRUDE POSTINGS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Diamond Shamrock R and M said it raised
+its crude oil contract prices by 50 cts a barrel, effective
+June 17.
+    The company said its new posting for West Texas
+Intermediate crude is 19 dlrs a barrel. The price increase
+follows similar moves by several other companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6563" NEWID="18811">
+<DATE>18-JUN-1987 12:49:04.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3895&#31;reute
+r f BC-XEROX-&lt;XRX>-AFFILIATE   06-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XEROX &lt;XRX> AFFILIATE TO SELL S.AFRICAN UNIT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Xerox Corp's affiliate Rank Xerox Ltd
+said it signed a definitive agreement to sell its Rank Xerox
+South Africa Pty Ltd affiliate to Altron Group &lt;ALRN.O>, for
+undisclosed terms.
+    Xerox said the preliminary agreement to sell the affiliate
+to Fintech, an Altron unit, had been reached in March. Xerox
+said completion of the sale awaits approval of Fintech
+shareholders and a review by the Johannesburg Stock Exchange.
+     Rank Xerox South Africa was founded in 1964 as a wholly
+owned unit of Rank Xerox, the Xerox affiliate that manufactures
+and markets Xerox products in the Eastern Hemisphere.
+    Rank Xerox said that of the 800-man workforce of Rank Xerox
+South Africa, 40 pct are black, colored or Asian. The company
+will become a wholly owned unit of Altron.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6564" NEWID="18812">
+<DATE>18-JUN-1987 12:49:48.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3899&#31;reute
+u f BC-STATE-STREET-BOSTON-C   06-18 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATE STREET BOSTON CORP &lt;STBK.O> LIFTS DIV</TITLE>
+<DATELINE>    BOSTON, June 18 -
+    </DATELINE><BODY>Qtly div 11 cts vs 10 cts prior
+    Pay July 15
+    Record July 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6565" NEWID="18813">
+<DATE>18-JUN-1987 12:50:20.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3903&#31;reute
+r f BC-&lt;EVEREX-SYSTEMS-INC>   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;EVEREX SYSTEMS INC> FILES FOR INITIAL OFFERING</TITLE>
+<DATELINE>    FREMONT, Calif., June 18 - </DATELINE><BODY>Everex Systems Inc said it has
+filed for an initial public offering of 5,950,000 common
+shares, including 4,950,000 to be sold in the U.S. and one mln
+overseas.  Lead underwriters are Goldman, Sachs and Co and
+Shearson Lehman Brothers Holdings Inc &lt;SHE>.
+    The company said it will sell four mln of the shares and
+shareholders the rest and the initial offering price is
+expected to be 10 to 12 dlrs per share.  Company proceeds will
+be used for financing accounts receivable and inventory and
+repaying bank debt.
+    Everex makes personal computer peripheral equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6566" NEWID="18814">
+<DATE>18-JUN-1987 12:50:28.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3904&#31;reute
+r f BC-DOSKOCIL-&lt;DOSK.O>-REP   06-18 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOSKOCIL &lt;DOSK.O> REPURCHASES SHARES</TITLE>
+<DATELINE>    HUTCHINSON, Kan., June 18 - </DATELINE><BODY>Doskocil Cos Inc said it has
+repurchased 310,000 of its common shares, or about five pct,
+for undisclosed terms and its board has authorized the further
+repurchase of another 200,000 shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6567" NEWID="18815">
+<DATE>18-JUN-1987 12:51:02.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3907&#31;reute
+r f BC-SCUDDER-NEW-ASIA-FUND   06-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCUDDER NEW ASIA FUND INITIAL OFFERING STARTS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Lead underwriters Salomon Inc &lt;SB>,
+PaineWebber Group Inc &lt;PWJ> and Shearson Lehman Brothers
+Holdings Inc &lt;SHE> said an initial public offering of seven mln
+common shares of Scudder New Asia Fund Inc is underway at 12
+dlrs each.
+    Underwriters have been granted an option to buy up to
+another 1,050,000 shares to cover overallotments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6568" NEWID="18816">
+<DATE>18-JUN-1987 12:51:21.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3909&#31;reute
+r f BC-MONOLITHIC-MEMORIES-I   06-18 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONOLITHIC MEMORIES INC &lt;MMIC.O> 3RD QTR NET</TITLE>
+<DATELINE>    SANTA CLARA, Calif., June 18 - </DATELINE><BODY>Qtr ended June 7
+    Shr six cts vs 17 cts
+    Net 1,332,000 vs 3,658,000
+    Sales 58.3 mln vs 51.6 mln
+    Nine mths
+    Shr 40 cts vs 25 cts
+    net 8,875,000 vs 5,034,000
+    Sales 158.4 mln vs 133.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6569" NEWID="18817">
+<DATE>18-JUN-1987 12:51:46.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3912&#31;reute
+r f BC-DOSKOCIL-&lt;DOSKD.O>-BU   06-18 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOSKOCIL &lt;DOSKD.O> BUYS BACK FIVE PCT OF STOCK</TITLE>
+<DATELINE>    HUTCHINSON, KAN., June 18 - </DATELINE><BODY>Doskocil Companies Inc said it
+bought back 310,000 shares or about five pct of its common
+stock and its board authorized the repurchase of an additional
+200,000 common shares.
+    If completed, the total purchases would represent 8.5 pct
+of Doskocil's outstanding common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6570" NEWID="18818">
+<DATE>18-JUN-1987 12:52:02.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3914&#31;reute
+r f BC-PEOPLES-SAVINGS-BANK   06-18 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEOPLES SAVINGS BANK &lt;PEBW.O> RAISES PAYOUT</TITLE>
+<DATELINE>    WORCESTER, Mass., June 18 -
+    </DATELINE><BODY>Qtly div 15 cts vs 12 cts prior
+    Pay July 24
+    Record July One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6571" NEWID="18819">
+<DATE>18-JUN-1987 12:52:06.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f3915&#31;reute
+r f BC-BANKAMERICA'S-&lt;BAC>-C   06-18 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA'S &lt;BAC> COOPER JOINS ISFA</TITLE>
+<DATELINE>    TAMPA, Fla., June 18 - </DATELINE><BODY>ISFA Corp said Thomas A. Cooper, who
+recently resigned as president of BankAmerica Corp, has been
+named chairman and chief executive officer of ISFA.
+    ISFA operates Invest, a full-service brokerage program for
+banks, and Insure, a retail insurance program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6572" NEWID="18820">
+<DATE>18-JUN-1987 12:52:14.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3916&#31;reute
+r f BC-ASK-&lt;AMSKQ.O>-RECEIVE   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASK &lt;AMSKQ.O> RECEIVES SETTLEMENT</TITLE>
+<DATELINE>    WACO, Texas, June 18 - </DATELINE><BODY>Ask Corp said it received
+approximately 1.3 mln dlrs from the settlement of claims from
+joint litigation with Allied Signal Corp &lt;ALD> from a private
+placement with a Houston based venture capital firm.
+    Ask said it received approximately 800,000 dlrs from the
+litigation, which will be reflected in the company's fourth
+quarter ended July 31, 1987.
+    The company also said it raised 500,000 dlrs through a
+private placment of convertible debt with &lt;Cerrito Partners>.
+Ask said Certito was granted warrants to acquire another
+500,000 dlrs of restricted stock two to three years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6573" NEWID="18821">
+<DATE>18-JUN-1987 12:52:22.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3917&#31;reute
+r f BC-MONSANTO-&lt;MTC>-SAYS-N   06-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONSANTO &lt;MTC> SAYS NUTRASWEET POSES NO ILLS</TITLE>
+<DATELINE>    INDIANAPOLIS, June 18 - </DATELINE><BODY>Monsanto Co's G.D. Searle and Co
+pharmaceutical division said researchers have concluded that
+articifical sweeteners, including aspartame which is found in
+Searle's NutraSweet, do not pose any significant health
+problems for diabetic patients.
+    The researchers conducted a survey of 100 diabetic patients
+using sweeteners from six months to 20 years. Only five pct
+using aspartame had health problems or discomfort, saccharine
+drew no complaints, and sorbitol, another sweetener, caused
+minor problems such as diarrhea and upset stomach in less than
+25 pct of the patients, Searle said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6574" NEWID="18822">
+<DATE>18-JUN-1987 12:52:32.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3918&#31;reute
+u f BC-AIR-PRODUCTS-AND-CHEM   06-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR PRODUCTS AND CHEMICALS INC &lt;APD> UPS PAYOUT</TITLE>
+<DATELINE>    ALLENTOWN, Pa., June 18 -
+    </DATELINE><BODY>Qtly div 25 cts vs 20 cts prior
+    Pay Aug 10
+    Record July Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6575" NEWID="18823">
+<DATE>18-JUN-1987 12:53:30.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3920&#31;reute
+u f BC-SALOMON-INC-&lt;SB>-SAW   06-18 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON INC &lt;SB> SAW REDUCTION IN REVENUES</TITLE>
+<DATELINE>    New York, June 18 - </DATELINE><BODY>Salomon Inc had a reduction in trading
+revenue in April and May, managing director Robert Salomon said
+in response to questions.
+    Analysts have said they believe the lower second quarter
+profit predicted by Salomon Inc was partially the result of
+trading losses and lower revenues from low trading volume. They
+said they believe the firm, like others on Wall Street,
+suffered most from the turbulent weeks for the bond market in
+April.
+    Robert Salomon would not comment on whether the firm had
+actual trading losses, but he said he would not "quarrel" with
+a New York Times article that said the firm's losses could have
+amounted to 100 mln dlrs.
+    "We haven't acknowledged any trading losses other than to
+say that April was a difficult month, and you can presume
+anything you want from that. we don't have a quarrel with the
+new york times article," Salomon said.
+     "There cleary was a reduction in the amount of revenues
+generated in April and May was a little bit better," he said.
+    The New York times attributed the figure to analysts and
+unnamed Wall Street officials it said were familiar with the
+firm's activities.
+    Salomon Chairman John Gutfreund today in a statement
+reiterated that the firm expects a profit in the second quarter
+but sees lower earnings than last year's second quarter.
+Analysts lowered their estimates yesterday to about half of
+last year's 75 cts per share.
+    "We believe this showing is satisfactory within the
+framework of existing market conditions," said Gutfreund in a
+statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6576" NEWID="18824">
+<DATE>18-JUN-1987 12:53:43.91</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3921&#31;reute
+f f BC-DUPONT-UNIT-RAI   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DUPONT UNIT RAISES CRUDE OIL POSTINGS 50 CTS/BBL,
+EFFECTIVE YESTERDAY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6577" NEWID="18825">
+<DATE>18-JUN-1987 12:54:46.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3925&#31;reute
+r f BC-GENERAL-AUTOMATION-&lt;G   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL AUTOMATION &lt;GENA.O> SETS PACT WITH IRS</TITLE>
+<DATELINE>    ANAHEIM, Calif., June 18 - </DATELINE><BODY>General Automation Inc said it
+has signed a definitive agreement to pay 4.5 mln dlrs to the
+Internal Revenue Service in taxes, interest and penalties for
+the years 1972 through 1981.
+    It will make an initial payment on June 30 of 500,000 dlrs,
+with ongoing quarterly payments over about two years.
+    General Automation said in conjunction with the IRS
+agreement, it has placed about one mln dlrs in five-year, eight
+pct unsecured notes with a group of private investors.
+    The notes are accompanied by five-year warrants to buy
+about 110,000 shares of common stock at 6.38 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6578" NEWID="18826">
+<DATE>18-JUN-1987 12:55:09.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3928&#31;reute
+r f BC-HYDRO-OPTICS-&lt;HOPC.O>   06-18 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYDRO OPTICS &lt;HOPC.O> CHAIRMAN RESIGNS</TITLE>
+<DATELINE>    VALLEY STREAM, N.Y., June 18 - </DATELINE><BODY>Hydro Optics Inc said
+Kenneth S. Roth has resigned as president and chairman. No
+reason was given.
+    It said director Melvin L. Gold has been named chairman and
+chief executive officer and vice president-sales Barry Kay has
+been named president and chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6579" NEWID="18827">
+<DATE>18-JUN-1987 12:56:29.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3932&#31;reute
+d f BC-MCDONNELL-DOUGLAS-&lt;MD   06-18 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL DOUGLAS &lt;MD> GETS AIR FORCE CONTRACT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>McDonnell Douglas Corp said it received
+authorization to build larger solid rocket boosters than the
+U.S. Air Force originally planned.
+    McDonnell Douglas, which said it subcontracts the orders,
+also said the new solid rocket boosters will be 42 feet long,
+increased from the original 36-foot long type. The company said
+the additional size will cost the Air Force 10.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6580" NEWID="18828">
+<DATE>18-JUN-1987 12:56:48.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3933&#31;reute
+d f BC-APPLIED-SOLAR-ENERGY   06-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLIED SOLAR ENERGY CORP &lt;SOLR.O> 2ND QTR NET</TITLE>
+<DATELINE>    CITY OF INDUSTRY, Calif., June 18 - </DATELINE><BODY>Qtr ended May 2
+    Oper shr profit three cts vs loss five cts
+    Oper net profit 115,000 dlrs vs loss 152,000
+    Revs 7,652,000 vs 4,279,000
+    Six mths
+    Oper shr profit ten cts vs loss 34 cts
+    Oper net profit 342,000 vs loss 1,149,000
+    Revs 14.0 mln vs 7,398,000
+    Note: oper data does not include extraordinary gain of
+28,000 dlrs, or one ct per shr, in 2nd qtr 1987 or or 118,000
+dlrs, or four cts per shr, in six mths.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6581" NEWID="18829">
+<DATE>18-JUN-1987 12:57:06.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3935&#31;reute
+d f BC-SANFORD-CORP-&lt;SANF.O>   06-18 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANFORD CORP &lt;SANF.O> 2ND QTR MAY 31 NET</TITLE>
+<DATELINE>    BELLWOOD, Ill., June 18 -
+    </DATELINE><BODY>Shr 44 cts vs 23 cts
+    Net 3,050,000 vs 1,555,000
+    Sales 21.0 mln vs 19.2 mln
+    1st half
+    Shr 72 cts vs 36 cts
+    Net 4,948,000 vs 2,447,000
+    Sales 37.8 mln vs 34.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6582" NEWID="18830">
+<DATE>18-JUN-1987 12:57:20.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3936&#31;reute
+d f BC-CONVERGENT-SOLUTIONS   06-18 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONVERGENT SOLUTIONS INC &lt;CSOL.O> 2ND QTR NET</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>March 31 end
+    Shr profit 14 cts vs loss two cts
+    Net profit 345,544 vs loss 48,097
+    Sales 1,032,224 vs 514,656
+    Avg shrs 2,420,925 vs 2,289,925
+    1st half
+    Shr profit 21 cts vs profit nil
+    Net profit 496,714 vs profit 5,602
+    Sales 1,649,860 vs 1,099,379
+    Avg shrs 2,407,334 vs 2,222,591
+    NOTE: Prior half net includes 1,849 dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6583" NEWID="18831">
+<DATE>18-JUN-1987 12:57:24.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3937&#31;reute
+r f BC-BELL-SOUTH-&lt;BLS>-UNIT   06-18 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL SOUTH &lt;BLS> UNIT GETS DIGITAL CUSTOMERS</TITLE>
+<DATELINE>    ATLANTA, June 18 - </DATELINE><BODY>Bell South Corp's Southern Bell said
+American Telephone and Telegraph Co's &lt;T> network systems and
+&lt;Hayes Microcomputer Products> will use its integrated services
+digital network services when the product is launched in March
+1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6584" NEWID="18832">
+<DATE>18-JUN-1987 12:58:39.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3943&#31;reute
+h f BC-&lt;BARRICINI-FOODS-INC>   06-18 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BARRICINI FOODS INC> 1ST QTR LOSS</TITLE>
+<DATELINE>    OYSTER BAY, N.Y., June 18 -
+    </DATELINE><BODY>Shr loss three cts vs loss three cts
+    Net loss 78,456 vs loss 95,812
+    Sales 513,607 vs 283,043
+    Avg shrs 3,106,000 vs 2,933,333
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6585" NEWID="18833">
+<DATE>18-JUN-1987 12:58:50.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3944&#31;reute
+s f BC-J.P.-STEVENS-AND-CO-I   06-18 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.P. STEVENS AND CO INC &lt;STN> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, June 18 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Pay July 31
+    Record July Six
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6586" NEWID="18834">
+<DATE>18-JUN-1987 12:59:56.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f3946&#31;reute
+b f BC-FIRST-WISCONSIN-&lt;FWB>   06-18 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST WISCONSIN &lt;FWB> ADDS LOAN LOSSES</TITLE>
+<DATELINE>    MILWAUKEE, WIS., June 18 - </DATELINE><BODY>First Wisconsin Corp said
+directors of its First Wisconsin National Bank of Milwaukee
+approved a 96 mln dlr increase in the bank's loan loss reserves
+in response to uncertainty over the impact of third world debt
+repayment problems.
+    It said the reserve increase will result in a second
+quarter loss to the corporation of an estimated 55 mln dlrs, or
+2.80 dlrs a share.
+    However, the company said it expects to report a profit for
+the year.
+    It said its consolidated 1987 earnings are projected to be
+between 35 mln dlrs and 45 mln dlrs compared to 55 mln dlrs in
+1986.
+    It said dividends will not be affected by the increased
+loan losses.
+    In April, the company placed 59.7 mln dlrs in loans to
+Brazil and Ecuador in non-accrual. First Wisconsin also cited
+"a growing realization that repayment programs for less
+developed countries will continue to be renegotiated into the
+foreseeable future." It said its total loan loss reserves now
+stand at 160 mln dlrs, or 3.5 pct of all outstanding loans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6587" NEWID="18835">
+<DATE>18-JUN-1987 13:04:56.72</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>mexico</D><D>japan</D><D>canada</D><D>switzerland</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f3967&#31;reute
+u f BC-EUROPEAN-COMMUNITY-CR   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN COMMUNITY CRITICISES U.S TRADE MEASURES</TITLE>
+<DATELINE>    GENEVA, June 18 - </DATELINE><BODY>The European Community (EC) accused the
+United States of violating a political commitment to free trade
+through practices including a tax on imported gasoline and a
+customs user fee.
+    EC ambassador Tran Van-Thinh made the formal charge to the
+surveillance body of the General Agreement on Tariffs and Trade
+(GATT), GATT spokesman David Woods told reporters.
+    Woods also said the EC was joined by the United States in
+criticising Brazil for extending its list of products for which
+import licenses have been temporarily suspended, so as to
+improve its balance of payments.
+    The United States charged Japan with violating GATT rules
+by restricting imports of agricultural products through an
+import licensing system. The United States asked for
+consultations with Tokyo on the issue.
+    Tran charged that the trade measures contravened a
+political commitment to halt and reverse trade barriers,
+pledged by ministers in Punta del Este last September.
+    When ministers established the four year Uruguay round to
+negotiate freer trade in 13 areas, they set up the GATT
+surveillance body to monitor this commitment, known in GATT
+jargon as "standstill and rollback."
+    Tran criticised Washington for the "superfund" tax on oil
+imports, a customs user fee, and the removal of a special
+machine tool (known as category FSC34) from its government
+procurement list for reasons of national security.
+    Warren Lavorel, a U.S. Trade official, defended the
+policies, saying they did not violate GATT trade rules.
+    The surveillance body will send a record of today's talks
+to the Trade Negotiating Committee, which oversees the round,
+to decide any further action on the charges.
+    The oil tax and customs user fee have already been the
+subject of formal GATT dispute panels set up outside the
+Uruguay Round to rule on the legality of the practices.
+    The ruling GATT Council yesterday adopted a dispute panel's
+report and ruled that the U.S. Superfund tax on oil imports
+breached trade rules. It called on Washington to modify its
+legislation.
+    Mexico and Canada, along with the European Community,
+brought the dispute to the GATT last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6588" NEWID="18836">
+<DATE>18-JUN-1987 13:05:39.72</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f3970&#31;reute
+f f BC-COMMITMENTS-TO   06-18 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COMMITMENTS TO NEW ARGENTINE LOAN REACH 91 PCT, CLOSE TO
+"CRITICAL MASS," CITIBANK SAYS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6589" NEWID="18837">
+<DATE>18-JUN-1987 13:08:42.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3981&#31;reute
+r f BC-MERCHANTSBANK-&lt;MCBKA>   06-18 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCHANTSBANK &lt;MCBKA> GETS DIVIDEND DISTRIBUTION</TITLE>
+<DATELINE>    BOSTON, June 18 - </DATELINE><BODY>MerchantsBank of Boston said it has
+received an 8,400,000 dlr dividend from the Co-Operative
+Central Bank Share Insurance Fund, and the amount will be
+included in revenues for the second quarter.
+    The fund is liquidating since all cooperative banks in
+Massachusetts have obtained federal insurance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6590" NEWID="18838">
+<DATE>18-JUN-1987 13:09:09.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3982&#31;reute
+u f BC-FERRO-&lt;FOE>-SEES-STRO   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERRO &lt;FOE> SEES STRONG 2ND QTR, SIX MONTHS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Ferro Corp said it expects to report
+second quarter earnings of about seven mln dlrs, or about 1.02
+dlrs a share, on sales of about 220.0 mln dlrs
+    In the year ago quarter, the maker of industrial specialty
+materials earned 5.1 mln dlrs or 75 cts a share on sales of
+185.1 mln dlrs.
+    Based on its current second quarter estimates, Ferro said
+it will have earned 11.7 mln dlrs or two dlrs a share on sales
+of 425 mln dlrs for the six months ending June 30. In the
+year-ago six-month period, Ferro earned 9.7 mln dlrs or 1.43
+dlrs a share on sales of 359.7 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6591" NEWID="18839">
+<DATE>18-JUN-1987 13:10:31.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f3986&#31;reute
+r f BC-CALIFORNIA-ENERGY-&lt;CE   06-18 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA ENERGY &lt;CECI.O> IN GEOTHERMAL FIND</TITLE>
+<DATELINE>    SANTA ROSA, Calif., June 18 - </DATELINE><BODY>California Energy Co Inc said
+its 10th geothermal production well at the COSO Project in
+China Lake, Calif., tested one mln pounds of geothermal steam
+per hour at 420 degrees Fahrenheit from a depth of 3,000 feet.
+    The company said it now has geothermal resrves at COSO
+sufficient to produce 30 megawatts of power for 30 years. It
+said it plans to drill another 20 wells at China Lake in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6592" NEWID="18840">
+<DATE>18-JUN-1987 13:14:40.32</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3994&#31;reute
+u f BC-DUPONT-UNIT-RAISES-CR   06-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUPONT UNIT RAISES CRUDE OIL POSTINGS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Conoco Inc, a subsidiary of duPont
+deNemours &lt;DD>, said it raised the contract price it will pay
+for all grades of crude oil 50 cts a barrel, effective
+yesterday.
+    The increase brings Conoco's posted price for West Texas
+Intermediate to 19.00 dlrs a barrel. The West Texas Sour grade,
+at 34 API, now stands at 18.10 dlrs a barrel. Light Louisiana
+was also raised 50 cts to 19.35 dlrs barrel.
+    Conoco last changed its crude postings on May 21.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6593" NEWID="18841">
+<DATE>18-JUN-1987 13:15:30.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3997&#31;reute
+r f BC-LM-ERICSSON-&lt;ERICY>-U   06-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LM ERICSSON &lt;ERICY> UNIT INTRODUCING PRODUCT</TITLE>
+<DATELINE>    RICHARDSON, Texas, June 18 - </DATELINE><BODY>&lt;LM Ericsson Telephone Co> of
+Sweden said its Ericsson unit in the U.S. introduced a cellular
+system for small cellular telephone markets.
+    The company said its CMS 8800/S system incorporates
+Ericsson hardware and software.
+    It said extra base stations and voice channels can be added
+to the system in modular blocks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6594" NEWID="18842">
+<DATE>18-JUN-1987 13:16:42.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4001&#31;reute
+r f BC-ALLEGHENY-INTERNATION   06-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY INTERNATIONAL &lt;AG> SELLS THREE UNITS</TITLE>
+<DATELINE>    PITTSBURGH, June 18 - </DATELINE><BODY>Allegheny International Inc said it
+has sold its Chemetron Railway Products Inc, True Temper
+Railway Appliances Inc and Allegheny Axle Co units to
+newly-formed Chemetron Railway Products Inc for undisclosed
+terms.
+    It said the new company was formed by senior management of
+the three railway product units and Kleinwort Benson Group of
+London.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6595" NEWID="18843">
+<DATE>18-JUN-1987 13:20:28.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f4018&#31;reute
+b f BC-/COMMITMENTS-TO-NEW-A   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMITMENTS TO NEW ARGENTINE LOAN REACH 91 PCT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Commitments to Argentina's external
+financing program for 1987 and 1988 have reached about 91 pct
+of the 1.95 billion dlrs in new loans that banks have been
+asked to provide, Citibank and Argentina said in a joint
+statement.
+    This percentage is close to the "critical mass" of
+commitments that the International Monetary Fund has requested
+as a condition for releasing new loans to the country.
+    Senior Citibank executive William Rhodes said he was
+encouraged by the banks' response and that telexed commitments
+continue to arrive.
+    The response of Argentina's 350 foreign bank creditors had
+been eagerly awaited because the package is the first to be
+marketed since U.S. banks, led by Citibank, decided to take
+large second-quarter losses in order to boost their reserves
+against existing loans to developing countries.
+    Some bankers had feared that banks would refuse to lend new
+money so soon after taking a "hit" on the old loans, but
+today's news delivers a decisive rebuff to those skeptics.
+    The strong response to the package was partly the result of
+the inducement of a 3/8 pct early-participation fee for those
+banks that agreed to sign up by June 17, bankers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6596" NEWID="18844">
+<DATE>18-JUN-1987 13:20:58.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4023&#31;reute
+r f BC-PACIFIC-FIRST-&lt;PFFS.O   06-18 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC FIRST &lt;PFFS.O> CHAIRMAN RESIGNS</TITLE>
+<DATELINE>    TACOMA, Wash., June 18 - </DATELINE><BODY>Pacific First Financial Corp said
+president Jerry Pohlman was appointed chairman and chief
+executive officer, replacing James Anderson who resigned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6597" NEWID="18845">
+<DATE>18-JUN-1987 13:21:04.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4024&#31;reute
+s f BC-BRAINTREE-SAVINGS-BAN   06-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAINTREE SAVINGS BANK &lt;BTSB.O> SETS PAYOUT</TITLE>
+<DATELINE>    BRAINTREE, Mass., June 18 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay July 15
+    Record June 26
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6598" NEWID="18846">
+<DATE>18-JUN-1987 13:21:14.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4025&#31;reute
+s f BC-COMMERCE-CLEARING-HOU   06-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMERCE CLEARING HOUSE INC &lt;CCLR.O> DIVIDEND</TITLE>
+<DATELINE>    RIVERWOODS, ILL., June 18 - 
+    </DATELINE><BODY>Qtly div 32 cts vs 32 cts prior qtr
+    Pay 29 July
+    Record 2 July
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6599" NEWID="18847">
+<DATE>18-JUN-1987 13:22:46.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4033&#31;reute
+r f BC-AMVESTORS-&lt;AVFC.O>OVE   06-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMVESTORS &lt;AVFC.O>OVERALLOTMENT OPTION EXERCISED</TITLE>
+<DATELINE>    TOPEKA, Kan, June 18 - </DATELINE><BODY>AmVestors Financial Corp said
+underwriters Smith Barney, Harris Upham and Co Inc and Morgan
+Keegan Inc &lt;MOR> have exercised their overallotment option for
+an additional 10,000 common shares at 9.50 dlrs each in
+connection with a recent offering of 100,000 AmVestors shares.
+    It said it realized net proceeds of 886,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6600" NEWID="18848">
+<DATE>18-JUN-1987 13:23:28.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4038&#31;reute
+s f BC-SCOTT-AND-STRINGFELLO   06-18 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT AND STRINGFELLOW FINANCIAL &lt;SCOT.O> PAYOUT</TITLE>
+<DATELINE>    RICHMOND, Va, June 18 -
+    </DATELINE><BODY>Qtly div three cts vs three cts prior
+    Pay July 15
+    Record July One
+    NOTE: Scott and Stringfellow Financial Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6601" NEWID="18849">
+<DATE>18-JUN-1987 13:23:46.87</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>zambia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C 
+&#22;&#22;&#1;f4039&#31;reute
+d f BC-ZAMBIAN-COPPER-INDUST   06-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZAMBIAN COPPER INDUSTRY HOPES FOR STEADY OUTPUT</TITLE>
+<AUTHOR>    By Buchizya Mseteka, Reuters</AUTHOR>
+<DATELINE>    LUSAKA, June 18 - </DATELINE><BODY>Zambia's copper mining industry is hoping
+to achieve and maintain production at over 500,000 tonnes a
+year in the next few years despite low world prices,
+deteriorating ores and shortages of mine inputs, industry
+officials said.
+    But Zambia's decision to abandon last May 1 a tough
+International Monetary Fund (IMF) economic recovery program has
+introduced an element of uncertainty into plans to restructure
+the ailing industry and boost profitability, they said.
+    Copper production by the government-controlled Zambia
+Consolidated Copper Mines (ZCCM) for the 1987 financial year
+ended March 31 improved slightly to about 471,000 tonnes from a
+record 1986 low of 463,354 tonnes.
+    "We are convinced that by the end of the 1988 financial
+year, copper production could well be over 500,000 tonnes due
+to greater availability of spares and equipment," a ZCCM
+official said.
+    ZCCM officials said the production of cobalt, another
+strategic income earner, will also be tailored to meet demand.
+    Finished production in 1986 was 4,565 tonnes, 911 tonnes
+higher than the previous year and the best production achieved
+to date.
+    Protracted low world metal prices have badly hit the copper
+industry in Zambia, the world's fifth biggest producer. Mining
+is monopolised by ZCCM and accounts for about 90 pct of the
+country's foreign exchange earnings.
+    Production has also been seriously affected in recent years
+by equipment breakdowns, deteriorating ore and shortages of
+spare parts, fuel and lubricants. The 463,354 tonnes output
+last year compared with a peak 1975 output of 700,000 tonnes.
+    A five-year production and investment plan launched in 1984
+by ZCCM is being funded by the European Community, the African
+Development Bank and the World Bank.
+    The plan foresees the shutdown of some seven mining and
+metallurgical units on the grounds they are unprofitable.
+    ZCCM, the second largest employer after the government, has
+said it intends to lay off 20,000 of its 60,000 workforce as
+part of the plan.
+    More than 250 mln dlrs have so far been channelled into the
+industry in a bid to improve efficiency and profitability under
+the five-year restructuring plan.
+    Company officials said although reserves were being
+depleted, Zambia could continue to produce copper beyond the
+end of the century, though at lower levels of production.
+    Industry sources said ZCCM's projected pre-tax profit for
+the financial year ended March 31 would be around 500 mln
+kwacha. But with the current mineral export tax level being
+levied, a net loss is likely to be registered.
+    ZCCM recorded a net loss of 718 mln kwacha in 1986 compared
+with a net profit of 19 mln kwacha the year before.
+    Under the foreign exchange auction system introduced in
+1985, ZCCM's profits from its foreign exchange earnings rose as
+the value of the kwacha fell to 21 to the dollar from just over
+two to the dollar.
+    But on May 1, President Kenneth Kaunda abolished the
+auctioning system, inspired by the International Monetary Fund,
+and announced Zambia would pursue a go-it-alone economic
+strategy based on national resources.
+    ZCCM officials are still cautious over what effects the
+break with the IMF will have on the industry's plans.
+    "We are still consulting to see how the new measures will
+affect us but it is too early to say just how we shall fare
+under the new situation," Peter Hansen, director of operations
+and third in the ZCCM hierarchy, told Reuters.
+    Some analysts believe the new officially-fixed exchange
+rate of eight kwacha to the dollar will hit ZCCM's export
+profits.
+    "Most specialists I have talked to tell me the break-even
+point for ZCCM is a rate of 10 kwacha per dollar," Frederick
+Chiluba, leader of the Zambian Congress of Trade Unions said.
+    High production costs continue to bedevil the Zambian
+industry.
+    Zambia mines copper at a relatively expensive rate of 69
+cents per pound, compared with 55 cents in the United States
+and under 40 cents in Chile.
+    The industry also faces transport problems due to Zambia
+being landlocked. The government confirmed this year it had
+stopped sBending copper south through South Africa.
+    Over 80 pct of shipments, some 35,000 tonnes a month, are
+sent by rail to the Tanzanian port of Dar-es-Salaam, while
+5,000 tonnes go via Zimbabwe to the Mozambique port of Beira.
+Transport has often been hit by shortages of wagons, spares and
+fuel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6602" NEWID="18850">
+<DATE>18-JUN-1987 13:23:50.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4040&#31;reute
+s f BC-EXCEL-INDUSTRIES-INC   06-18 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXCEL INDUSTRIES INC &lt;EXC> DIVIDEND SET</TITLE>
+<DATELINE>    ELKHART, Ind, June 18 -
+    </DATELINE><BODY>Qtly div nine cts vs nine cts prior
+    Pay July 20
+    Record July 6
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6603" NEWID="18851">
+<DATE>18-JUN-1987 13:24:06.94</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f4042&#31;reute
+u f BC-RIO-DE-JANEIRO-DOCKER   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIO DE JANEIRO DOCKERS STRIKE OVER WAGES</TITLE>
+<DATELINE>    RIO DE JANEIRO, JUNE 18 - </DATELINE><BODY>Rio de Janeiro's 3,500
+dockworkers went on strike for an indefinite period today to
+demand wage increases, a spokesman for the dockers said.
+    The Rio dockers did not get support from their colleagues
+in Santos, Brazil's main port, but the spokesman said they
+would not return to work unless their demands were met.
+    Earlier this week, some 65,000 dockworkers cancelled a
+scheduled national strike to pressure port officials to give
+them a wage increase and other benefits.
+    A Rio port spokesman said the halt would cause daily losses
+of about 100,000 U.S. dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6604" NEWID="18852">
+<DATE>18-JUN-1987 13:24:27.22</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4045&#31;reute
+r f BC-FLUOR-&lt;FLR>-WINS-GENE   06-18 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLUOR &lt;FLR> WINS GENERAL ELECTRIC &lt;GE> CONTRACT</TITLE>
+<DATELINE>    IRVINE, Calif., June 18 - </DATELINE><BODY>Fluor Corp said it won a contract
+with General Electric to design, construct and deliver modules
+for a methyl chloride process addition.
+    The value of the contract was not disclosed.
+    Fluor said its Applied Engineering Co unit will construct
+28 modular sections and deliver them to GE's Waterford, N.Y.
+Silicone Products division plant.
+    Methyl chloride is an integral part of silicone production.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6605" NEWID="18853">
+<DATE>18-JUN-1987 13:27:05.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4055&#31;reute
+r f BC-SHAWMUT-&lt;SHAS.O>-REPU   06-18 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAWMUT &lt;SHAS.O> REPURCHASES 400,000 SHARES</TITLE>
+<DATELINE>    BOSTON, June 18 - </DATELINE><BODY>Shawmut Corp said it has repurchased
+400,000 common shares and placed them in its treasury.
+    The company has about 16.1 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6606" NEWID="18854">
+<DATE>18-JUN-1987 13:27:16.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4056&#31;reute
+r f BC-LITTLE-PRINCE-&lt;LTLP.O   06-18 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE> LITTLE PRINCE &lt;LTLP.O> SETTLES SUIT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Little Prince Productions Ltd said it
+settled litigation with Nederlander Group, receiving one mln
+dlrs and paying Nederlander 38,000 dlrs.
+                    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6607" NEWID="18855">
+<DATE>18-JUN-1987 13:28:59.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4064&#31;reute
+u f BC-CONT'L-ILLINOIS-&lt;CIL>   06-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONT'L ILLINOIS &lt;CIL> CANNOT EXPLAIN STOCK MOVE</TITLE>
+<DATELINE>    CHICAGO, June 18 - </DATELINE><BODY>Continental Illinois Corp said it knows
+of know reason why its stock was trading higher in heavy
+volume.
+    The stock was up 1/2 to 5-3/8 on turnover of 1,386,000
+shares, making it one of the most actively traded NYSE issues.
+    Traders earlier said Goldman Sachs and Co was trading on
+the stock. However, Goldman Sachs banking analyst Robert
+Albertson had not placed the stock on his recommended list, his
+office told Reuters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6608" NEWID="18856">
+<DATE>18-JUN-1987 13:30:02.87</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4068&#31;reute
+f f BC-GENCORP-SAID-AG   06-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP SAID AGREEMENT TO SELL RKO PICTURES TERMINATED
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6609" NEWID="18857">
+<DATE>18-JUN-1987 13:30:20.87</DATE>
+<TOPICS><D>acq</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f4070&#31;reute
+r f BC-KELLEY-OIL-&lt;KLY>-BUYI   06-18 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KELLEY OIL &lt;KLY> BUYING OIL PROPERTIES</TITLE>
+<DATELINE>    HOUSTON, June 18 - </DATELINE><BODY>Kelley Oil and Gas Partners Ltd said it
+has agreed to purchase all of CF Industries Inc's oil and
+natural gas properties for about 5,500,000 dlrs, effective July
+1.
+    It said the Louisiana properties had proven reserves at
+year-end of 11 billion cubic feet of natural gas and 85,000
+barrels of oil, condensate and natural gas liquids.
+    Kelley said it currently owns working interests in some of
+the properties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6610" NEWID="18858">
+<DATE>18-JUN-1987 13:30:37.84</DATE>
+<TOPICS><D>fuel</D></TOPICS>
+<PLACES><D>tanzania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f4071&#31;reute
+u f BC-TANZANIA-RAISES-FUEL   06-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANZANIA RAISES FUEL PRICES,TAXES IN 1987/8 BUDGET</TITLE>
+<DATELINE>    DAR ES SALAAM, June 18 - </DATELINE><BODY>The Tanzanian government, in its
+second annual budget since embarking on an economic recovery
+program inspired by the International Monetary Fund, announced
+increases in fuel prices and sales tax and higher levies on
+government services.
+    Finance Minister Cleopa Msuya said the government expected
+to spend 77.33 billion shillings in the financial year 1987/8,
+39 pct more than this year's estimate. Revenue would provide
+48.84 billion shillings, leaving a deficit of 28.49 billion to
+be financed through domestic and foreign loans.
+    This year's budget initially projected a deficit of only
+3.35 billion shillings but in mid-year the government had to
+impose new taxes to keep the deficit roughly on target. No
+figure for the final deficit was avaialble.
+    The budget gave civil servants a 20 pct pay rise with
+effect from July 1, to compensate for inflation of more than 30
+pct.
+    Msuya said regular petrol would go up 52 pct, with similar
+increases in the cost of premium and kerosene. Diesel would
+rise by 75 pct.
+    The higher levies affect official transactions such as road
+tolls, vehicle transfers and various licence fees, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6611" NEWID="18859">
+<DATE>18-JUN-1987 13:31:17.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4078&#31;reute
+h f BC-LEASEWAY-TRANSPORTATI   06-18 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEASEWAY TRANSPORTATION &lt;LTC>COMPLETES UNIT SALE</TITLE>
+<DATELINE>    CLEVELAND, June 18 - </DATELINE><BODY>Leaseway Transportation Corp said it
+has completed the previously-announced sale of its Leaseway of
+Puerto Rico Inc subsidiary to Caguas Central Federal Savings
+Bank for undisclosed terms.
+    The company said the sale satisfied a condition for its
+proposed acquisition by an investor group led by Citicorp &lt;CCI>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6612" NEWID="18860">
+<DATE>18-JUN-1987 13:31:53.26</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f4081&#31;reute
+b f BC-IBC-DETAILS-PLANS-TO   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC DETAILS PLANS TO PAY CREDITORS</TITLE>
+<DATELINE>    RIO DE JANEIRO, June 18 - </DATELINE><BODY>The Brazilian Coffee Institute,
+IBC, gave details of its plans to pay the 18 companies that
+bought 630,000 bags of robusta coffee in the London market on
+its behalf last September.
+    An IBC spokesman told Reuters that a 15 mln dlr loan from
+the Banco do Brasil would be used to pay five mln dlrs a month
+in June, July and August to creditors.
+    He said an auction of coffee would raise additional money
+and added that a Reuter report on June 16 gave the wrong
+impression that the auction was necessary to raise part of the
+15 mln dlrs. No date has yet been set for the auction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6613" NEWID="18861">
+<DATE>18-JUN-1987 13:32:12.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4083&#31;reute
+d f BC-MAGELLAN-SETS-MERGER   06-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGELLAN SETS MERGER WITH BALZAC INVESTMENTS</TITLE>
+<DATELINE>    DALLAS, June 18 - </DATELINE><BODY>&lt;Magellan Corp> said its shareholders
+approved the merger of Magellan with &lt;Balzec Investments Inc>,
+ a privately held company based in Dallas.
+    Magellan, a company without operations that was formed to
+acquire an operating entity, said it plans to engage in the
+development and marketing of a battery charger product owned by
+Balzac.
+    Magellan did not disclose the terms of the agreement.
+    Following the merger, Balzac shareholders will hold 80 pct
+of the outstanding stock of Magellan, the company said.
+   
+    Magellan said it will be the surviving corporation
+following the merger.
+    The companies said they expect the merger will occur after
+the declaration of effectiveness of an amendment to Magellan's
+registration statement relating to its common stock purchase
+warrants and the underlying shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6614" NEWID="18862">
+<DATE>18-JUN-1987 13:32:42.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>bresser-pereira</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f4087&#31;reute
+r f AM-BRAZIL-BANK   06-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK MISSION HOLDS LOAN TALKS WITH BRAZIL</TITLE>
+<DATELINE>    BRASILIA, June 18 - </DATELINE><BODY>A World Bank mission today held talks
+with a senior Finance Ministry official to discuss Brazil's
+requests for loans, ministry officials said.
+    They said Brazil, the bank's biggest customer, was asking
+for two billion dlrs for the financial year starting in July,
+including 500 mln dlrs for the energy sector.
+    The mission, headed by Gabin Ran Kankani, head of the
+Bank's Brazil division, met Finance Ministry secretary Nailson
+Nobrega.
+    Officials said they had provided the World Bank with
+information on the economic plan now being drawn up by Finance
+Minister Luiz Carlos Bresser Pereira.
+    The government has invited the IMF to come to study the
+plan next Monday.
+    Bresser Pereira will use the plan as the basis for
+negotiations with creditors next month in an attempt to
+reschedule the country's 111 billion dollar debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6615" NEWID="18863">
+<DATE>18-JUN-1987 13:33:28.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4094&#31;reute
+u f BC-/GENCORP-&lt;GY>-SAYS-RK   06-18 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> SAYS RKO UNIT SALE TERMINATED</TITLE>
+<DATELINE>    AKRON, Ohio, June 18 - </DATELINE><BODY>GenCorp said its agreement to sell
+its RKO Pictures subsidiary to a management group has been
+terminated because the group could not raise the necessary
+financing.
+    The company said it will again seek buyers for the unit and
+its library of over 750 films.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6616" NEWID="18864">
+<DATE>18-JUN-1987 13:34:16.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4102&#31;reute
+a f BC-ELBIT-COMPUTERS-&lt;ELBT   06-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELBIT COMPUTERS &lt;ELBTF.O> GETS CONTRACTS</TITLE>
+<DATELINE>    BOSTON, June 18 - </DATELINE><BODY>Elbit Computers Ltd of Israel said it has
+received a 6,300,000 dlr contract from a buyer it did not name
+for its DASHJ helmet-mounted sight system, which allows pilots
+to aim weapons by looking at targets.
+    The company said deliveries are expected to start in 18
+months and be completed 12 months later.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6617" NEWID="18865">
+<DATE>18-JUN-1987 13:36:00.62</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f4104&#31;reute
+r f BC-RIO-DE-JANEIRO-DOCKER   06-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RIO DE JANEIRO DOCKERS STRIKE</TITLE>
+<DATELINE>    RIO DE JANEIRO, JUNE 18 - </DATELINE><BODY>Rio de Janeiro's 3,500
+dockworkers went on strike for an indefinite period today to
+demand wage increases, a spokesman for the dockers said.
+    The Rio dockers did not get support from their colleagues
+in Santos, Brazil's main port, but the spokesman said they
+would not return to work unless their demands were met.
+    Earlier this week, some 65,000 dockworkers cancelled a
+scheduled national strike to pressure port officials to give
+them a wage increase and other benefits.
+    A Rio port spokesman said the halt would cause daily losses
+of about 100,000 U.S. Dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6618" NEWID="18866">
+<DATE>18-JUN-1987 13:36:35.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4106&#31;reute
+r f BC-KRAFT   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FTC CHARGES KRAFT &lt;KRA> WITH FALSE ADVERTISING</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The Federal Trade Commission charged
+Kraft Inc with false and misleading advertising by overstating
+the calcuim content of its Kraft Singles cheese product.
+    In an administrative complaint, the FTC charged the
+Glenview, Ill., food and consumer products company with
+claiming that a slice of Kraft Singles American Pasteurized
+Process Cheese Food (Kraft Singles) contains the same amount of
+calcium as five ounces of milk, when it does not.
+    The company also falsely advertised that Kraft Singles
+contained more calcium than do most imitation cheese slices,
+the FTC charged.
+    The FTC complaint also charged that Kraft said it could
+substantiate these claims when, in fact, it could not.
+    "Nutritional information is important to consumers, but it
+can be difficult for them to verify." FTC Bureau of Consumer
+Protection Director William MacLeod said in a statement. "That
+is why we seek to maintain the accuracy of nutritional claims."
+    The FTC, which voted 4-1 in favor of issuing the complaint,
+generally takes such action when it has reason to believe that
+the law has been or is being violated and where it apears to
+the commission that a proceeding is in the public interest.
+    The filing of an administrative complaint marks the
+beginning of a proceeding that often takes up to a year in
+which the allegations will be ruled upon after a formal
+hearing.
+    If the commission's allegations are upheld, Kraft could be
+prohibited from misrepresenting the calcium or other nutrient
+content of its cheese-type products, including those made in
+comparative ads.
+    The company could also be prohibited from making such
+claims without having competent and reliable scientific
+evidence.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6619" NEWID="18867">
+<DATE>18-JUN-1987 13:37:13.88</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f4110&#31;reute
+u f BC-U.S.-SAID-UNFAIRLY-PR   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAID UNFAIRLY PROTECTING DEFENSE INDUSTRY</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>Britain's Defence Minister George Younger
+said the U.S. Was unfairly protecting its defence industry, and
+this could lead to British firms demanding counter-measures.
+    Younger told a U.S. Chamber of Commerce meeting that U.S.
+Legislators were failing to realise "the true nature of the
+two-way street in terms of ideas, technology and equipment.
+    A British parliamentary report said that up to March
+British firms had been awarded just 34 mln dlrs worth of
+contracts for the Strategic Defence Initiative, compared with
+the 1.5 billion dlrs Britain had hoped to secure.
+    The committee said U.S. Technology export restrictions and
+"selectiveness" towards foreign contractors had denied British
+competitors more lucrative orders and largely excluded them
+from technological research for SDI.
+    Younger said London had given U.S. Companies contracts
+under conditions of fair and open competition. "All we ask is
+for our companies to be given similar opportunities," he added.
+    If new American legislation aimed at curbing unfair
+subsidies was used to exclude foreign suppliers it would not be
+surprising if British firms pressed for retaliatory measures,
+Younger said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6620" NEWID="18868">
+<DATE>18-JUN-1987 13:38:06.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f4113&#31;reute
+r f BC-CANADA-POST-PRESENTS   06-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA POST PRESENTS NEW CONTRACT OFFER</TITLE>
+<DATELINE>    OTTAWA, June 18 - </DATELINE><BODY>Canada Post said it presented its
+striking letter carriers with a new contract offer but both
+sides said there was little indication the offer would end the
+strike.
+    The crown agency said it is being held back by government
+restraint policies and has little move to manoeuvre while while
+the union said it expected the post office to demand the same
+contract concessions it has already rejected.
+    The rotating walkouts spread today to the four Atlantic
+provinces and other parts of Quebec while employees in Montreal
+and Calgary returned to work.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6621" NEWID="18869">
+<DATE>18-JUN-1987 13:39:26.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4115&#31;reute
+d f BC-UNITED-BUILDING-FILES   06-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED BUILDING FILES FOR INITIAL OFFERING</TITLE>
+<DATELINE>    PHOENIX, Ariz, June 18 - </DATELINE><BODY>United Building Services Corp said
+it filed a registration statement with the Securities and
+Exchange Commission covering a proposed initial public offering
+of 820,000 common shares.
+    Proceeds from the offering will be used to repay debt, to
+develop and market additional specialty construction services
+and for general corporate purposes.
+    United Building said it provides specialty construction
+services in commercial, residential and governmental
+construction projects principally in Arizona, Colorado and
+California.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6622" NEWID="18870">
+<DATE>18-JUN-1987 13:39:58.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4116&#31;reute
+r f BC-GODFREY-CO-&lt;GDFY.O>-1   06-18 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GODFREY CO &lt;GDFY.O> 1ST QTR MAY 30 NET</TITLE>
+<DATELINE>    WAUKESHA, WIS., June 18 -
+    </DATELINE><BODY>Shr 36 cts vs 28 cts
+    Net 2,002,000 vs 1,518,000
+    Sales 166.0 mln vs 159.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6623" NEWID="18871">
+<DATE>18-JUN-1987 13:40:11.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4117&#31;reute
+s f BC-GENERAL-SIGNAL-CORP-&lt;   06-18 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL SIGNAL CORP &lt;GSX> SETS QTLY DIVIDEND</TITLE>
+<DATELINE>    STAMFORD, Conn., June 18 - 
+    </DATELINE><BODY>Qtly div 45 cts vs 45 cts prior
+    Pay October one
+    Record September four
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6624" NEWID="18872">
+<DATE>18-JUN-1987 13:40:58.90</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4120&#31;reute
+d f BC-PINNACLE-WEST-CAPITAL   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PINNACLE WEST CAPITAL &lt;PNW> BUYS MINERAL RIGHTS</TITLE>
+<DATELINE>    PHOENIX, Ariz, June 18 - </DATELINE><BODY>Pinnacle West Capital Corp said
+its Malapai Resources Co units bought the mineral rights for
+uranium mining on about 21,000 acres in northern Wyoming from
+Westinghouns Electric Corp &lt;WX>.
+    The property is adjacent to a 34,000-acre site the company
+already owns. Both facilities are at expected to be in full
+operation in the early 1990s, with annual production of one to
+two mln lbs of uranium concentrates, the company said.
+    The new site is expected to produce about 250,000 lbs of
+uranium in its first full year of production in 1988. The
+adjacent property is expected to begin in 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6625" NEWID="18873">
+<DATE>18-JUN-1987 13:45:42.96</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f4125&#31;reute
+u f BC-WEST-TEXAS-COTTON-CRO   06-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST TEXAS COTTON CROP UNSCATHED BY STORM</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>The West Texas cotton crop was largely
+unscathed by an isolated thunderstorm in that region last night
+that packed hurricane-force winds, crop and weather experts
+said.
+    "There might have been some isolated storms, but certainly
+nothing damaging," said Charles Stichler, an extension
+agronomist with the Agricultural Extension Service in far West
+Texas.
+    Rumors of a damaging storm in West Texas helped the New
+York cotton futures market rally sharply this morning.
+   Cotton for December delivery was 1.35 cents higher at 70.95
+cents a lb at midsession after peaking this morning at 71.25
+cents.
+    "What happened is that the storm hit Lubbock airport, and
+when that happens, everybody sees it," said Dale Mohler, a
+senior meteorologist with Accu-Weather Inc.
+    Lubbock is the heart of the West Texas cotton region, which
+produces about 80 pct of that state's crop.
+    The storm produced winds of about 75 mph. "That's hurricane
+force. But they were isolated to just a small portion of the
+West Texas area, probably less than five pct," Mohler said.
+    "No doubt there was some damage. But if it had hit in July
+or August (when fruiting would be underway) it would have been
+worse," Mohler said.
+    About 60 pct of the West Texas cotton crop has been
+planted, and the remainder could be done by the weekend if
+weather remains hot and dry, Stichler said.
+    The temperature in West Texas since mid-week has been about
+95 degrees. But a hot spell was sorely needed after far heavier
+than normal rainfall for several weeks, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6626" NEWID="18874">
+<DATE>18-JUN-1987 13:45:59.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4127&#31;reute
+r f BC-MESA-OFFSHORE-TRUST-&lt;   06-18 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MESA OFFSHORE TRUST &lt;MOS> PAYOUT FALLS SHARPLY</TITLE>
+<DATELINE>    HOUSTON, June 18 -
+    </DATELINE><BODY>Mthly div 1.2827 cts vs 3.3974 cts prior
+    Pay July 31
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6627" NEWID="18875">
+<DATE>18-JUN-1987 13:49:32.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4134&#31;reute
+r f BC-ROCHESTER-COMMUNITY-S   06-18 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCHESTER COMMUNITY SAVINGS BANK &lt;RCSB.O> 2ND</TITLE>
+<DATELINE>    ROCHESTER, N.Y., June 18 - </DATELINE><BODY>Second quarter ended May 31.
+    Shr 27 cts vs NA
+    Net 3,560 mln vs 2,389,000
+    Six mths
+    Shr 57 cts vs NA
+    Net 7,881,000 vs 5,415,000
+    NOTE: Year-ago per shr figures not available as bank
+converted to stock ownership April 29, 1986.
+   
+    1987 2nd quarter and six mth net excludes 2,288,000 dlrs or
+17 cts a share and 4,648,000 dlrs or 33 cts a share,
+respectively, for tax carryforwards.
+    1986 2nd qtr and six mth net excludes 667,000 dlrs and
+3,043,000 dlrs, respectively, for tax carryforwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6628" NEWID="18876">
+<DATE>18-JUN-1987 13:49:56.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4137&#31;reute
+d f BC-LEXITECH-&lt;LEXTC.O>-IN   06-18 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEXITECH &lt;LEXTC.O> IN AGREEMENT WITH AFFILIATE</TITLE>
+<DATELINE>    OYSTER BAY, N.Y., June 18 - </DATELINE><BODY>Lexitech International
+Documentation Network Inc said it has signed an agreement for
+Far East affiliate Yamamoto Industries to handle all of
+Lexitech's Asian language translation and documentation
+requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6629" NEWID="18877">
+<DATE>18-JUN-1987 13:50:18.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F 
+&#22;&#22;&#1;f4138&#31;reute
+u f BC-BANKAMERICA-&lt;BAC>-UNI   06-18 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> UNIT SELLS CREDIT CARD DEBT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>California Credit Card Trust 1987-B, a
+unit of BankAmerica Corp's Bank of America subsidiary, is
+offering 300 mln dlrs of certificates backed by credit card
+receivables, said lead manager Salomon Brothers Inc.
+    The certificates were given an 8.20 pct coupon and were
+priced at 99.89 to yield 8.21 pct, or 85 basis points over
+comparable Treasuries. The debt has an average life of 1.8
+years, matures in 1992, and is rated Aaa by Moody's.
+    Bank of America Capital Markets co-managed the deal, which
+is the second this year of California Credit Card. In February
+it sold 400 mln dlrs of credit card debt via First Boston.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6630" NEWID="18878">
+<DATE>18-JUN-1987 13:55:27.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f4144&#31;reute
+u f AM-BUDGET-REAGAN   06-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE RAPS DEMOCRATS' BUDGET</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The White House called a compromise
+budget hammered out by congressional Democratic leaders a
+"pickpocket" spending plan, but barred negotiations on changing
+it until budget reforms are in place.
+    Noting that the trillion dollar budget would raise taxes by
+65 billion dlrs over the next three years while scaling back
+President Reagan's military spending proposals, spokesman
+Marlin Fitzwater said, "The president isn't buying it and
+neither will the American people.
+    "The Democrats refer to tax increases as deficit reduction
+-- a pickpocket way to lift your wallet to pay for your dinner,"
+Fitzwater said.
+    The White House official, in an apparent retreat from an
+earlier administration stance, also said negotiations on a
+budget acceptable to Reagan and the Democratic-led Congress
+could not begin until budget reforms are adopted.
+    The White House has previously said it would not negotiate
+on a budget until the congressional Democrats were able to
+agree among themselves. Democratic leaders have called for a
+"summit" conference with the White House on the budget.
+    "If we had a budget reform package that ensured a sound,
+enforceable negotiating process, we would be interested in
+pursuing it, Fitzwater said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6631" NEWID="18879">
+<DATE>18-JUN-1987 13:55:40.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4145&#31;reute
+r f BC-&lt;LIFE-GROUP-INC>-EXPA   06-18 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;LIFE GROUP INC> EXPANDING BROKERAGE UNIT</TITLE>
+<DATELINE>    GARDEN CITY, N.Y., June 18 - </DATELINE><BODY>Life Group Inc said it is
+expanding the activities of its broker/dealer unit Life
+Planning Inc to include investment banking, involving both
+underwriting and corporate finance.
+    The company said Lawrence Zaslow and Joseph Broder have
+agreed to join the unit to head those operations and have
+purchased Life Group stock and options from Life Group
+president David Altschuler.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6632" NEWID="18880">
+<DATE>18-JUN-1987 13:56:09.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f4146&#31;reute
+r f BC-HOLLINGER-&lt;HLG.TO>-BU   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLLINGER &lt;HLG.TO> BUYS CANADIAN MAGAZINE</TITLE>
+<DATELINE>    Toronto, June 18 - </DATELINE><BODY>Hollinger Inc said it purchased Saturday
+Night, a Canadian general-interest magazine.
+    Financial terms were not disclosed, but Hollinger said it
+has no immediate plans for changes in senior editorial
+personnel.
+    Saturday Night, which publishes features and analyses of
+current events, is celebrating its 100th anniversary and has a
+circulation of about 120,000, according to a magazine
+spokesman.
+    Hollinger, which owns 58 pct of &lt;Daily Telegraph PLC>, also
+today completed the acquisition of Unimedia Inc, a Quebec-based
+publisher.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6633" NEWID="18881">
+<DATE>18-JUN-1987 13:56:28.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4148&#31;reute
+r f BC-TRITON-GROUP-&lt;TRRO.O>   06-18 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRITON GROUP &lt;TRRO.O> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    LA JOLLA, Calif., June 18 - </DATELINE><BODY>Triton Group Ltd said John
+Stiska has resigned as its president. He will be replaced by
+Triton Chairman Charles Scott.
+    Stiska will return to private law practice and will
+continue to serve as special counsel to Triton and to Intermark
+Inc &lt;IMI>.
+    Intermark, which owns 41 pct of Triton's common stock, took
+a controlling interest in the company in March, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6634" NEWID="18882">
+<DATE>18-JUN-1987 13:57:29.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4149&#31;reute
+r f BC-PENNWALT-&lt;PSM>-TO-MAK   06-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNWALT &lt;PSM> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    PHILADELPHIA, June 18 - </DATELINE><BODY>Pennwalt corp said it has agreed in
+principle to acquire a line of fungicides, insecticides and
+herbicidesand related manufacturing facilities from Le
+Raffineries de Soufre Reunies of Marseilles for undisclosed
+terms, subject to approval by bothe boards and government
+authorities.
+    The company said the acquired products are sold mostly in
+FRance for use on grapevines, wheat and sugar beets and sales
+are about 40 mln dlrs annually.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6635" NEWID="18883">
+<DATE>18-JUN-1987 13:59:49.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4154&#31;reute
+d f BC-BELGIUM-PLANS-MAJOR-T   06-18 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIUM PLANS MAJOR TELECOMMUNICATIONS ORDER</TITLE>
+<DATELINE>    BRUSSELS, June 18 - </DATELINE><BODY>Belgium is to start negotiations with
+three consortia on sharing out a major order for modernising
+the country's telecommunications network, a government
+spokesman said.
+    The three consortia are Bell Telephone Manufacturing Co NV,
+a subsidiary of ITT Corp &lt;ITT>, together with Acec SA
+&lt;ACEC.BR>; Siemens AG &lt;SIEG.F> and ATEA SA, a subsidiary of GTE
+Corp &lt;GTE>; and NV Philips Gloeilampenfabrieken &lt;PGLO.AS> with
+American Telephone and Telegraph Co &lt;T>.
+
+    The deal is estimated to be worth around 50 billion francs,
+although a government spokeswoman declined to confirm this. The
+order covers new telephone exchanges, cables and terminals.
+    The go-ahead for the talks followed an outline agreement
+within the centre-right government coalition today. The accord
+came after months of discussions that have been complicated by
+demands for the order to be shared out fairly between the
+French and Dutch speaking parts of Belgium.
+    Government officials declined to give details of the
+outline agreement or how the order will be divided between the
+three consortia.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6636" NEWID="18884">
+<DATE>18-JUN-1987 14:00:07.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f4155&#31;reute
+r f BC-TOTAL-UNIT-RELOCATING   06-18 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTAL UNIT RELOCATING TO HOUSTON FROM DENVER</TITLE>
+<DATELINE>    HOUSTON, June 18 - </DATELINE><BODY>Total Energy Resources Inc, a wholly
+owned bysdisiary of French national energy company TOTAL
+Compagne Francaise des Petroles, said it will relocate its
+offices to Houston from Denver as part of TOTAL's plan to
+expand U.S. operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6637" NEWID="18885">
+<DATE>18-JUN-1987 14:00:34.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f4158&#31;reute
+u f BC-WORLD-BANK-LOANS-PAKI   06-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LOANS PAKISTAN 220 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The World Bank said it has extended
+Pakistan 220 mln dlrs in three loans to support projects in
+education, energy conservation and modernization, and
+small-scale industry development.
+    The education project will be supported by a 145 mln dlr
+loan through the International Development Association, the
+bank's concessionary lending affiliate, the bank said.
+    The bank noted Pakistan's low educational attainment,
+particularly among women, is an obstacle to the country's
+development.
+    It said the education project aims to increase literacy and
+school enrollment rates through curriculum reform, teacher
+training, parental participation and school construction.
+    A small-scale industry development project will be
+supported by a 54 mln dlr loan, the bank said.
+    The project hopes to aid small-scale industry by
+encouraging bank lending, developing export markets, and
+supporting technology transfer, the bank said.
+    The third project, to improve refinery efficiency, reduce
+energy consumption and increase crude oil processing capacity,
+will be supported by a 21 mln dlr loan.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6638" NEWID="18886">
+<DATE>18-JUN-1987 14:01:41.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f4163&#31;reute
+r f BC-FORD-&lt;F>-UNIT-SELLS-T   06-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> UNIT SELLS THREE-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Ford Motor Credit Co, a unit of Ford
+Motor Co, is raising 150 mln dlrs through an offering of notes
+due 1990 yielding 8.275 pct, said sole manager Bear, Stearns
+and Co.
+    The notes have an 8-1/4 pct coupon and were priced at
+99.931 to yield 62.5 basis points more than comparable Treasury
+securities.
+    Non-callable to maturity, the issue is rated Aa-2 by
+Moody's and AA-minus by Standard and Poor's. The gross spread
+is 3.50 dlrs, the selling concession is two dlrs and the
+reallowance is 1.25 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6639" NEWID="18887">
+<DATE>18-JUN-1987 14:02:29.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>jordan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f4167&#31;reute
+r f BC-JORDAN-GETS-96.4-MLN   06-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JORDAN GETS 96.4 MLN DLRS IN WORLD BANK LOANS</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>Jordan will receive two loans
+totalling 96.4 mln dlrs to support projects aimed at increasing
+that country's electrical production and improving housing in
+slum and squatter areas, the World Bank said.
+    The bank said it is making a 70 mln dlr loan to help fund a
+257.8 mln dlr project designed to meet its future power needs.
+    It said the other loan is 26.4 mln dlrs in support of
+project to provide affordable housing, urban infrastructure and
+social services to low-income families in slum and squatter
+areas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6640" NEWID="18888">
+<DATE>18-JUN-1987 14:04:01.18</DATE>
+<TOPICS><D>platinum</D></TOPICS>
+<PLACES><D>south-africa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f4173&#31;reute
+d f BC-S.-AFRICAN-UNION-OBJE   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICAN UNION OBJECTS TO PLANNED MATTHEY MOVE</TITLE>
+<DATELINE>    JOHANNESBURG, June 18 - </DATELINE><BODY>A South African trade union is in
+dispute with a subsidiary of Britain's Johnson Matthey Plc over
+the company's proposal to move a platinum refinery near
+Johannesburg to a black tribal homeland.
+    The 30,000-member mainly black Chemical Workers Industrial
+Union said it fears the planned move to the Bophuthatswana
+homeland, where South African unions are not recognised, could
+lead to job losses and affect wages.
+    A mass dismissal last year at the Impala Platinum Holdings
+Ltd &lt;IPLA.J> mines in the tribal homeland sent world platinum
+prices rocketing.
+
+    The union said talks with management over the proposed move
+had broken down. It said an earlier ballot of refinery workers
+showed that most favoured striking over the move but added that
+no final decision had been taken on strike action.
+    The refinery processes all platinum metals of Rustenburg
+Platinum Holdings Ltd, the world's largest platinum producer.
+    It is owned by Matthey Rustenburg Ltd, a joint-subsidiary
+of Johnson Matthey and Rustenburg which, in turn, is owned by
+mining group Johannesburg Consolidated Investment Co Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6641" NEWID="18889">
+<DATE>18-JUN-1987 14:04:21.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM 
+&#22;&#22;&#1;f4174&#31;reute
+f f BC-CANADA-91-DAY-T   06-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA 91-DAY T-BILLS AVERAGE 8.34 PCT, MAKING BANK RATE
+8.59 PCT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6642" NEWID="18890">
+<DATE>18-JUN-1987 14:07:31.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f4178&#31;reute
+f f BC-reynolds-metals   06-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REYNOLDS METALS TO RESTART LAST IDLE
+U.S. ALUMINUM POTLINE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6731" NEWID="18891">
+<DATE>18-JUN-1987 14:09:38.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f4182&#31;reute
+r f BC-gulfcan   06-18 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF CANADA &lt;GOC> IN DEAL WITH BONDHOLDERS</TITLE>
+<DATELINE>    TORONTO, June 18 - </DATELINE><BODY>A compromise reached between Gulf Canada
+Corp and debenture holders at the annual meeting today will
+cost the company or its major shareholder "a couple of million"
+dollars, chairman Marshall Cohen said.
+    After about a half-hour discussion with debenture holders
+during the meeting, Cohen and Gulf lawyers agreed to compensate
+them for about six months of interest that they would have lost
+under a corporate reorganization plan taking effect July one.
+The holders then withdrew a proposed amendment that sought to
+delay the plan's closing to July 16 so they could collect
+interest due to be paid July 15.
+    "We have not sorted out the mechanics of how we're going to
+do this," Cohen told reporters later.
+    "It may well be that in the end the principal shareholder
+may absorb that interest," he said, referring to the Reichmann
+family's Olympia and York Developments Ltd, which owns about 79
+pct of Gulf Canada.                                     Cohen
+said he wanted to ensure that Gulf Canada need not revise
+reorganization proposals already on file with Revenue Canada
+and the U.S. Securities and Exchange Commission.
+    "If Gulf can't pay it (the interest) without upsetting the
+applecart, Olympia and York will pay," he said.
+    The reorganization will see Gulf Canada Corp renamed Gulf
+Canada Resources Ltd. Shareholders will be offered shares of
+three separate publicly traded companies, Gulf Canada
+Resources, Abitibi-Price Inc &lt;A.TO> and GW Utilities Ltd.
+    Newly formed GW Utilities will hold Gulf Canada's interests
+in Consumers' Gas Co Ltd &lt;CGT.TO>, Hiram Walker-Gooderham and
+Worts Ltd and Interprovincial Pipe Line Ltd &lt;IPL.TO>.
+    Cohen said Olympia and York's interest in Gulf Canada
+Resources will slip to about 68 or 69 pct as a result of a
+previously announced plan to sell 450 mln dlrs of new stock.
+                             
+    In answer to a reporter's question, Cohen said there was a
+possibility that the size of the offering could be increased.
+    "There seems to be pretty strong interest," he said, but he
+added that much depended upon market conditions at the time of
+pricing. The issue will be priced later this month, according
+to a company official.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6732" NEWID="18892">
+<DATE>18-JUN-1987 14:10:43.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4186&#31;reute
+r f BC-CALTON-INC-&lt;CN>-TO-BU   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALTON INC &lt;CN> TO BUILD THREE COMMUNITIES</TITLE>
+<DATELINE>    CLIFTON, N.J., June 18 - </DATELINE><BODY>Calton Inc said it will begin
+building a 242-home community in the Newtown area of Bucks
+County in Northampton Township, Pa, sometime between late July
+and early August.
+    Calton said the community will be named "The Homes of
+Tapestry at Northampton" and will be located near Newtown, Pa.
+Calton said it will build two- and three-bedroom townhomes,
+garden-style condominiums and duplex condominiums.
+    The company also said it is negotiating the rights to build
+two other communities in the state, near the New Jersey border.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6733" NEWID="18893">
+<DATE>18-JUN-1987 14:11:34.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f4191&#31;reute
+u f BC-&lt;AGF-MANAGEMENT-LTD>   06-18 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AGF MANAGEMENT LTD> RAISES DIVIDEND</TITLE>
+<DATELINE>    Toronto, June 18 -
+    </DATELINE><BODY>Qtly dividend nine cts vs eight cts
+    Pay July six
+    Record June 29
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6646" NEWID="18894">
+<DATE>18-JUN-1987 14:11:59.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4193&#31;reute
+r f BC-NATIONAL-COMMERCE-&lt;NC   06-18 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL COMMERCE &lt;NCBC.O> IN KROGER &lt;KR> DEAL</TITLE>
+<DATELINE>    MEMPHIS, Tenn., June 18 - </DATELINE><BODY>National Commerce Bancorp said it
+has agreed to operate or sublicense branch bank facilities in
+supermarkets in Florida and Virginia Kroger Co supermarkets.
+    It said initially 20 locations will be available in Florida
+and 10 in Virginia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6735" NEWID="18895">
+<DATE>18-JUN-1987 14:12:11.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4195&#31;reute
+r f BC-LEADER-DEVELOPMENT-&lt;L   06-18 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEADER DEVELOPMENT &lt;LDCO.O> MERGER APPROVED</TITLE>
+<DATELINE>    COLUMBUS, Ohio, June 18 - </DATELINE><BODY>Leader Development Corp said
+shareholders at the annual meeting approved the acquisition of
+privately-held Clinton American Corp and two related
+partnerships for 3,450,000 common shares, with the transaction
+to be accounted for as a pooling of interests.
+    The company said Clinton president F. Daniel Ryan will
+become president of Leader.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6736" NEWID="18896">
+<DATE>18-JUN-1987 14:12:34.84</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f4196&#31;reute
+d f BC-CHEYENNE-&lt;CHYN.O>-BUY   06-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEYENNE &lt;CHYN.O> BUYS INTERESTS IN PROPERTIES</TITLE>
+<DATELINE>    CHEYENNE, Wyo, June 18 - </DATELINE><BODY>Cheyenne Resources Inc said it
+purchased interests in four producing oil and gas properties
+for 2,240,000 shares of the company's restricted stock.
+    The largest interest was 25 pct of an oil and gas well in
+Weld County, Colo, the company said. Cheyenne said it had five
+pct or less interest in the three other properties.
+    Cheyenne said it should realized 10,000 dlrs net income
+monthly at the properties' current production levels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6649" NEWID="18897">
+<DATE>18-JUN-1987 14:13:03.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4197&#31;reute
+s f BC-GENERAL-SIGNAL-CORP-&lt;   06-18 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL SIGNAL CORP &lt;GSX> SETS DIVIDEND</TITLE>
+<DATELINE>    STAMFORD, Conn., June 18 -
+    </DATELINE><BODY>Qtly div 45 cts vs 45 cts prior
+    Pay Oct 1
+    Record Sept 4
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6738" NEWID="18898">
+<DATE>18-JUN-1987 14:13:37.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4199&#31;reute
+h f BC-CRANE-&lt;CR>-ACQUIRES-A   06-18 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRANE &lt;CR> ACQUIRES ASSETS OF MARLEY UNIT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Crane Co said it acquired certain
+assets of Chicago Heater Co Inc, a wholly owned subsidiary of
+the &lt;Marley Co>.
+    The terms of the transaction were not disclosed.
+    Chicago Heater will be intergrated with Crane's Cochrane
+Environment Systems division, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6651" NEWID="18899">
+<DATE>18-JUN-1987 14:14:34.47</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D><D>south-korea</D><D>west-germany</D><D>poland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f4202&#31;reute
+u f BC-EC-UPS-SIZE-OF-SPECIA   06-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC INCREASES SPECIAL FEED WHEAT TENDERS - TRADE</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>The European Community (EC) has increased
+the size of two special export tenders for British and West
+German feed wheat held in intervention stores and included
+South Korea as an acceptable destination, traders said.
+    The tender was originally for 120,000 tonnes of British and
+120,000 tonnes of West German feed wheat for shipment only to
+Poland.
+    But now both tranches have been increased by 50,000 tonnes
+to 170,000 tonnes with South Korea added as a possible
+destination. Both tenders are open from June 24.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6739" NEWID="18900">
+<DATE>18-JUN-1987 14:15:26.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>cyprus</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f4205&#31;reute
+r f BC-CYPRUS-REVOKES-OFFSHO   06-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYPRUS REVOKES OFFSHORE COMPANY LICENCE</TITLE>
+<DATELINE>    NICOSIA, June 18 - </DATELINE><BODY>The Supreme Court of Cyprus has rejected
+a plea by an offshore securities trading company against a
+Central Bank decision to revoke its licence.
+    Central Bank officer Eleftherios Ioannou told Reuters that
+the court had dismissed the appeal by York International
+(Cyprus) Ltd, registered as an offshore company last October.
+    The Bank in February withdrew York's licence and froze its
+bank account while it investigated sales of some eight mln dlrs
+worth of securites by telephone to 3,000 small investors
+abroad.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6740" NEWID="18901">
+<DATE>18-JUN-1987 14:15:39.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f4206&#31;reute
+r f BC-COLGATE-PALMOLIVE-&lt;CL   06-18 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLGATE-PALMOLIVE &lt;CL> PLANS TO FILE DEBT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Colgate-Palmolive Co said it plans to
+file with the Securities and Exchange Commission a shelf
+registration covering up to 300 mln dlrs of unsecured debt
+securities.
+    Reuben Mark, chairman and president of the company, told
+this to a meeting of the New York Society of Security Analysts,
+Colgate-Palmolive said in a release.
+    Proceeds will be used for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6741" NEWID="18902">
+<DATE>18-JUN-1987 14:15:56.30</DATE>
+<TOPICS><D>fuel</D></TOPICS>
+<PLACES><D>tanzania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f4207&#31;reute
+u f BC-TANZANIA-RAISES-FUEL   06-18 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANZANIA RAISES FUEL PRICES, TAXES IN BUDGET</TITLE>
+<DATELINE>    DAR ES SALAAM, June 18 - </DATELINE><BODY>The Tanzanian government, in its
+second annual budget since embarking on an economic recovery
+program inspired by the International Monetary Fund, announced
+increases in fuel prices and sales tax and higher levies on
+government services.
+    Finance Minister Cleopa Msuya said regular petrol would go
+up 52 pct, with similar increases in the cost of premium and
+kerosene. Diesel would rise by 75 pct.
+    Msuya said the government expected to spend 77.33 billion
+shillings in the financial year 1987/8, 39 pct more than this
+year's estimate. Revenue would provide 48.84 billion shillings,
+leaving a deficit of 28.49 billion to be financed through
+domestic and foreign loans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6742" NEWID="18903">
+<DATE>18-JUN-1987 14:18:36.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4212&#31;reute
+d f BC-GE-&lt;GE>-SIGNS-CONTRAC   06-18 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GE &lt;GE> SIGNS CONTRACT ON SMALL POWER PLANT</TITLE>
+<DATELINE>    SCHENECTADY, N.Y., June 18 - </DATELINE><BODY>General Electric said it
+signed a 21 mln contract to build a 12.5 megawatt power plant,
+fueled by agricultural waste, for El Nido Biomass Power Plant
+Associates.
+    GE said Pacific Gas and Electric Co will purchase the net
+electric output of the El Nido, Calif. plant, which is
+scheduled for completion in mid-1989.
+    GE said the fuel system will be capable of firing up to six
+different types of agricultural waste, and will primarily burn
+almond prunings, cotton stalks and rice straw, as well as other
+well as otehr alternate agricultural waste.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6743" NEWID="18904">
+<DATE>18-JUN-1987 14:19:11.50</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM 
+&#22;&#22;&#1;f4213&#31;reute
+b f BC-CANADA-BANK-RATE-RISE   06-18 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA BANK RATE RISES TO 8.59 PCT</TITLE>
+<DATELINE>    OTTAWA, June 18 - </DATELINE><BODY>Canada's bank rate rose marginally to
+8.59 pct from 8.58 pct last week, Bank of Canada said.
+    The bank rate is set one-quarter percentage point above the
+average yield on the weekly issue of 91-day treasury bills.
+This week's yield was 8.34 pct, compared with the previous
+week's 8.33 pct.
+    Tenders were accepted for 2.20 billion dlrs of 91-day bills
+at an average price of 97.963 dlrs against 97.965 dlrs last
+week.
+    The 1.20 billion dlrs of 182-day bills were priced at an
+average 95.852 dlrs against 95.779 dlrs last week, to yield an
+average 8.68 pct against 8.84 pct last week.
+    The 500 mln dlrs of 364-day bills were priced at an average
+91.712 dlrs against 91.529 dlrs last week, to yield an average
+9.06 pct against 9.28 pct last week.
+    Tenders will be received next week for 2.20 billion dlrs of
+91-day bills, 1.20 billion dlrs of 182-day bills and 500 mln
+dlrs of 364-day bills.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6656" NEWID="18905">
+<DATE>18-JUN-1987 14:19:32.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4215&#31;reute
+r f BC-NORTH-AMERICAN-&lt;NBIO.   06-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH AMERICAN &lt;NBIO.O> GETS FINANCING</TITLE>
+<DATELINE>    MIAMI, June 18 - </DATELINE><BODY>North American Biologicals Inc said it has
+received a 10 mln dlr credit facility from Manufacturers and
+Traders Trust Co of Buffalo, N.Y.
+    It said the new credit would replace an existing 4.4 mln
+dlr line with Barclays PLC &lt;BCS.L>, and due to more favorable
+interest rates, borrowing costs should be significantly
+reduced.
+    The company said half of the credit is designated for use
+in acquisitions.  It said it expects to conclude an
+acquisition, possibly outside its plasma and serum field, by
+year-end.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6657" NEWID="18906">
+<DATE>18-JUN-1987 14:19:43.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f4216&#31;reute
+r f BC-PENGO-&lt;PGO>-TO-SELL-S   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENGO &lt;PGO> TO SELL SOME WIRELINE OPERATIONS</TITLE>
+<DATELINE>    FORT WORTH, Texas, June 18 - </DATELINE><BODY>Pengo Industries Inc said it
+has agreed to sell its Wireline Products Manufacturing Division
+in Fort Worth, Texas, Wireline Services Division operations in
+several locations and Pengo International Inc subsidiary to
+John Wood Group PLC for undisclosed terms.
+    The company said the Wireline Services operations being
+sold are in Lafayette, Houma and Harvey, La., Alvin, Odessa and
+Longview, Texas, and Moore, Okla.
+    Pengo said its Kuykenball Slickline operation in Moore and
+surplus wireline equipment operations in fort Worth and
+Cleburne, Texas, will be sold separately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6658" NEWID="18907">
+<DATE>18-JUN-1987 14:21:00.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f4219&#31;reute
+f f BC-MOODY'S-UPGRADE   06-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S UPGRADES OHIO EDISON'S 2.7 BILLION DLRS OF DEBT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6747" NEWID="18908">
+<DATE>18-JUN-1987 14:21:47.26</DATE>
+<TOPICS><D>grain</D><D>barley</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f4220&#31;reute
+u f BC-EC-REJECTS-LICENCES-F   06-18 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC REJECTS LICENCES FOR SPANISH BARLEY</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>The EC Commission cereals management
+committee rejected all bids for licences to export free market
+Spanish barley to non-EC countries, trade sources said.
+    The licence requests were for 35,000 tonnes at between 143
+and 145 European Currency Units (ECUs), they said.
+    This tender was part of a special tender for 500,000 tonnes
+of Spanish barley.
+    The sources said there had been no bids for licences for
+free market soft wheat and non-Spanish barley exports to non-EC
+countries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6748" NEWID="18909">
+<DATE>18-JUN-1987 14:25:14.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f4223&#31;reute
+u f BC-PROXMIRE-SAYS-NO-DATE   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROXMIRE SAYS NO DATE SET FOR GREENSPAN HEARING</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>Senate Banking committee chairman
+William Proxmire, D-Wis, said no date had been set for Alan
+Greenspan's confirmation hearing as Federal Reserve chairman
+because the White House had not formally sent his nomination to
+the Senate.
+    Proxmire said in an interview that as soon as the White
+House completed its clearence procedures and sent Greenspan's
+name to the Senate, he would schedule a hearing on the
+replacement for Paul Volcker. The committee and the full Senate
+must confirm Greenspan.
+    Volcker's term expires in August.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6749" NEWID="18910">
+<DATE>18-JUN-1987 14:26:14.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4227&#31;reute
+d f BC-MAGIC-YEARS-&lt;KIDS.O>   06-18 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGIC YEARS &lt;KIDS.O> TO ACQUIRE THREE CENTERS</TITLE>
+<DATELINE>    WILKES-BARRES, Pa., June 18 - </DATELINE><BODY>Magic Years Child Care and
+Learning Centers Inc said it signed a letter of intent to
+acquire three profitable day care centers in south central
+Pennsylvania for a total price of 350,000 dlrs.
+    The three privately owned centers had aggregate revenues of
+474,000 dlrs in 1986, with profits of six thousand dlrs, the
+company said.
+    The transaction is scheduled to close in early July, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6750" NEWID="18911">
+<DATE>18-JUN-1987 14:27:09.25</DATE>
+<TOPICS><D>gnp</D><D>income</D><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f4228&#31;reute
+d f BC-BANK-OF-AMERICA-SEES   06-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF AMERICA SEES SLOW U.S. CONSUMER SPENDING</TITLE>
+<DATELINE>    SAN FRANCISCO, June 18 - </DATELINE><BODY>A trade-led boom in the U.S. is
+unlikely this year or next because growth in net exports will
+merely offset a dramatic slowdown in consumer spending and
+other sectors of the economy, Bank of America said in its
+latest economic report.
+    Although net exports will add 0.7 pct to GNP this year,
+after reducing it by 1.2 pct in 1986, consumer spending will
+contribute 1.4 pct less to GNP than it did last year.
+    As a result, GNP this year is likely to expand a modest 2.5
+pct, the same rate as last year, according to Daniel Van Dyke,
+the Bank of America economist who wrote the report.
+    "Growth in consumer spending in the United States will drop
+dramatically this year because the jump in inflation will cause
+a falloff in the growth of disposable income," Van Dyke said.
+    Growth in U.S. consumer spending is likely to slow to 1.8
+pct this year from 4.1 pct in 1986, he predicted.
+    The report was released before the Commerce Department
+reported today that personal income rose just 0.2 pct in May,
+after increasing 0.4 pct in April, and that personal
+consumption expenditures had risen just 0.1 pct, compared with
+a 0.6 pct increase the month before.
+    The rising cost of energy and imports is likely to boost
+consumer prices by an average of 3.7 pct this year, up from 1.9
+pct in 1986, Bank of America forecast.
+    This rise in inflation will reduce real disposable income 
+growth to only 1.3 pct in 1987 from 2.9 pct in 1986.
+    As a result, Van Dyke calculated that the purchasing power
+of an average family of four will increase by a modest 540 dlrs
+this year compared to a surge of 1,210 dlrs during 1986.
+    The slowdown in income growth is likely to cause housing
+starts to drop by 4.2 pct this year and a further six pct in
+1988 to an annual rate of 1.63 mln units.
+    "For the first time in several years, a recession in 1988
+or 1989 is more than a remote possibility," Van Dyke said.
+    Currently, U.S. growth is fragile and depends heavily on an
+improvement in trade. "However, with protectionist attitudes on
+the rise in this country, this source of growth is at risk," he
+added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6663" NEWID="18912">
+<DATE>18-JUN-1987 14:27:37.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4231&#31;reute
+d f BC-HADRON-&lt;HDRN.O>-GETS   06-18 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HADRON &lt;HDRN.O> GETS MARTIN MARIETTA &lt;ML> PACT</TITLE>
+<DATELINE>    FAIRFAX, Va., June 18 - </DATELINE><BODY>Hadron Inc said it has received a
+two mln dlr two-year contract from Martin Marietta Corp for
+information and logistical support services to be provided for
+the U.S. Navy's electronic warfare programs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6752" NEWID="18913">
+<DATE>18-JUN-1987 14:28:52.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4234&#31;reute
+r f BC-EVEREX-SYSTEMS-FILES   06-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EVEREX SYSTEMS FILES INITIAL PUBLIC OFFER</TITLE>
+<DATELINE>    FREMONT, Calif., June 18 - </DATELINE><BODY>Everex Systems Inc said it has
+filed with the Securities and Exchange Commission to make an
+initial public offering of 5,950,000 shares of its common
+stock.
+    Of the shares to be sold, 4,950,000 wil be offered in the
+U.S., of which three mln will be issued and sold by the company
+and the balance will be sold by certain shareholders.
+    In addition, one mln shares will be sold outside the U.S.
+    An underwriting group co-managed by Goldman Sachs and Co
+and Shearson Lehman Brothers Inc will offer the shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6753" NEWID="18914">
+<DATE>18-JUN-1987 14:29:56.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f4237&#31;reute
+r f BC-WORLD-BANK-LOANS-PORT   06-18 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LOANS PORTUGAL 50 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>World Bank said it has loaned
+Portugal 50 mln dlrs to help improve its highway system.
+    The bank loan is part of a 400.4 mln dlr, three-year
+government financed project to rehabilitate or improve about
+3410 miles of highway, the bank said.
+    It also said the project hopes to increase road safety by
+improving signs, aiding enforcement of axle-load legislation,
+and adding patrol cars and communications equipment.
+    The loan is for 15 years, including three years of grace,
+at the standard variable interest rate, currently 7.92 pct, the
+bank said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6666" NEWID="18915">
+<DATE>18-JUN-1987 14:30:29.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ussr</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f4239&#31;reute
+d f BC-SOVIET-AGRICULTURE-MI   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET AGRICULTURE MINISTER IN WINNIPEG VISIT</TITLE>
+<DATELINE>    WINNIPEG, June 18 - </DATELINE><BODY>Vsevolod Murakhovsky, head of the
+Soviet Agriculture Ministry, observed trading this morning at
+the Winnipeg Commodity Exchange, an exchange spokesman said.
+    Murakhovsky led a delegation of 17 Soviet visitors to the
+exchange as part of a current cross-Canada tour. The party
+included Phylipp Popov, a member of the Supreme Soviet.
+    Murakhovsky is first deputy chairman of the Council of
+Ministers of the USSR and chairman of the Gosagroprom or
+Ministry of Agriculture.
+    The delegation was accompanied by Harold Bjarnason,
+assistant deputy minister, Agriculture Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6667" NEWID="18916">
+<DATE>18-JUN-1987 14:30:37.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4241&#31;reute
+d f BC-OPTO-MECHANIK-&lt;OPTO.O   06-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPTO MECHANIK &lt;OPTO.O> GETS 7.2 MLN IN CONTRACTS</TITLE>
+<DATELINE>    MELBOURNE, Fla., June 18 - </DATELINE><BODY>Opto Mechanik Inc, a designer
+and manufacturer of military optical and electro-optical
+systems, said it received 7.2 mln in contracts from domestic
+and foreign customers.
+    Opto Mechanik said the series of contracts included a 3.8
+mln dlr contract from the U.S. Army Missle Command to produce
+the sight used to guide the TOW anti-tank missle.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6668" NEWID="18917">
+<DATE>18-JUN-1987 14:34:45.58</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f4255&#31;reute
+r f BC-BROOKLYN-UNION&lt;BU>-SE   06-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROOKLYN UNION&lt;BU> SEEN HURT BY PIPELINE CLOSURE</TITLE>
+<AUTHOR>    By NAILENE CHOU WIEST, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Brooklyn Union Gas Co, a New York gas
+utility, will see its gas costs up sharply as a result of
+Transco Energy Co's &lt;E> decision to close its pipelines to
+transport spot gas sales, energy industry analysts said.
+    Brooklyn Union, the fourth largest gas utility in the
+United States, purchased 36 pct of its supplies on the spot, or
+non-contract, market in 1986, and the proportion of spot
+supplies was estimated much higher in the five months of 1987,
+analysts said.
+    Texas Eastern pipelines &lt;TET>, the other competing
+pipeline, to deliver spot gas from producing areas in the South
+closed its gate station for summer, and Brooklyn Union has
+relied entirely on Transco for spot supplies.
+     In the month of May, Brooklyn Union paid about two dlrs
+per mln British Thermal Unit for spot gas, while contract gas
+costs four to five dlrs per mln BTU, industry sources said.
+    Transco announced yesterday it would no longer provide open
+access to transport spot natural gas to its customers for fear
+of accumulating more take-or-pay liabilities.
+    Take-or-pay contracts oblige pipelines to pay producers for
+gas even if delivery is not taken by its customers.
+    Brooklyn Union will continue receiving a small amount of
+supplies from minor fields under a grandfather clause, a
+Brooklyn Union official said.
+    Foster Corwith, gas analyst with Dean Witter Reynolds, said
+most of the rising cost to Booklyn Union will be passed through
+to rate payers.
+    While net effect on the company will not be known for
+several months because of the time lag in deferred earnings,
+end-users, especially residential and commercial customers,
+will end up paying more for gas, he said.
+    Because the closure takes place in summer months when gas
+demand is at seasonal low, the impact on cash flow would be
+small, Curt Launer, natural gas analyst with Donaldson Lufkin
+Jenrette, said.
+    If the situation persists into winter heating season, high
+cost gas could cut in the company's profits, he said.
+    Gas utilities along eastern seaboard relying on Transco for
+spot gas, such as North Carolina Natural Gas Co &lt;NCNG>,
+Piedmont Natural Gas Co &lt;PNY>, will face the same high cost
+factor as Brooklyn Union, Steve Richards, a supply manager with
+end users supply system, a Houston based natural gas brokering
+firm, said.
+    "But these companies are not unwitting victims of the
+take-or-pay dispute between Transco and producers," he said.
+    Distributors have turned a deaf ear to Transco's request
+for an inventory charge, which reserves the pipeline facility
+for spot gas to be delivered to these companies, he said.
+    Without spot supplies, the high cost of system gas will
+threaten to drive away large customers capable of shifting to
+alternative fuels, he said.
+    In absence of any guidelines on inventory charges from the
+Federal Energy Regulatory Commission, the matter is being
+negotiated between pipelines and customers, Richards said.
+    Now that Transco has refused to transport cheap spot gas
+for them, these distributors are likely to be more conciliatory
+on the inventory charge, he said.
+    "Cool heads will prevail," DLJ's Launer said, " but it may
+take a while."
+       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6669" NEWID="18918">
+<DATE>18-JUN-1987 14:35:40.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f4261&#31;reute
+b f BC-OHIO-EDISON-&lt;OEC>-UPG   06-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OHIO EDISON &lt;OEC> UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Moody's Investors Service Inc said it
+upgraded Ohio Edison Co's 2.7 billion dlrs of debt securities.
+    Raised to Baa-2 from Baa-3 were the utility's first
+mortgage bonds, preferred stock and secured pollution control
+issues, and the guaranteed Euronotes of Ohio Edison Finance NV.
+Moody's upgraded Ohio Edison's unsecured issues and preference
+stock to Baa-3 from Ba-1.
+    The likely approval of a 152 mln dlr, or 10 pct, rate hike
+by Ohio Public Utilities Commission significantly reduces a key
+component of financial risk. It would be implemented on Perry
+Unit One's expected Fall in-service date, Moody's said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6670" NEWID="18919">
+<DATE>18-JUN-1987 14:35:49.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4263&#31;reute
+u f BC-BIC-CORP-&lt;BIC>-RAISES   06-18 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIC CORP &lt;BIC> RAISES QUARTERLY</TITLE>
+<DATELINE>    MILFORD, Conn., June 18 -
+    </DATELINE><BODY>Qtly div 18 cts vs 15 cts prior
+    Pay July 30
+    Record July 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6671" NEWID="18920">
+<DATE>18-JUN-1987 14:36:29.33</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4267&#31;reute
+u f BC-REYNOLDS-METALS-&lt;RLM>   06-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REYNOLDS METALS &lt;RLM> TO RESTART IDLE POTLINE</TITLE>
+<DATELINE>    RICHMOND, Va., June 18 - </DATELINE><BODY>Reynolds Metals co said it plans
+to restart the last idle potuction line at its Troutdale, Ore.,
+primary aluminum plant.
+    With the restart of this 22,700-metric-tonne-per-year line,
+Reynolds said, it will be operating at 100 pct of its
+consolidated primary aluminum capacity of 695,000 tonnes per
+year.
+    Reynolds said work will commence on the potline restart in
+the near future and it is expected that actual metal production
+will begin on September one.
+    The company said the start up was necessitated by
+continuing strong demand for aluminum and dwindling worldwide
+inventories, and that the metal is needed to supply Reynolds'
+various fabricating businesses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6760" NEWID="18921">
+<DATE>18-JUN-1987 14:36:38.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4268&#31;reute
+d f BC-CBC-BANCORP-TO-BE-ACQ   06-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBC BANCORP TO BE ACQUIRED BY UNION PLANTERS</TITLE>
+<DATELINE>    COOKEVILLE, Tenn., June 18 - </DATELINE><BODY>&lt;CBC Bancorp Inc> said it will
+be acquired by the Memphis-based Union Planters Corp &lt;UPCM.O>
+in a merger agreement.
+    Details were not disclosed.
+    CBC, which is the holding company which owns Cookeville's
+Citizens Bank, said it has signed an agreement which would
+merge CBC with Union, which has 2.2 billion dlrs in assets.
+    According to CBC, Union reported shareholders equity of
+nearly 190 mln dlrs for the period ending March 31.
+    CBC said the merger will not affect Citizens Banks' name,
+management, board of directors or employees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6673" NEWID="18922">
+<DATE>18-JUN-1987 14:37:00.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4271&#31;reute
+d f BC-TIE/COMMUNICATIONS-&lt;T   06-18 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIE/COMMUNICATIONS &lt;TIE> RENEWS AGREEMENTS</TITLE>
+<DATELINE>    SHELTON, Conn., June 18 - </DATELINE><BODY>TIE/Communications Inc said it
+has renewed agreements to sell its GTE Corp &lt;GTE>, Bell
+Atlantic Corp &lt;BEL>, NYNEX Corp &lt;NYN> and US West Inc &lt;USW> for
+two years.
+    The company is providing small to mid-siezed key telephone
+systems to GTE and key systems, hybrids and DATA STAR PABX
+systems to the others.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6762" NEWID="18923">
+<DATE>18-JUN-1987 14:39:00.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4276&#31;reute
+u f BC-GLAXO-&lt;GLX>-STOCK-OFF   06-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLAXO &lt;GLX> STOCK OFF ON ULCER REPORT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Shares of Glaxo Holdings PLC fell
+following a report in today's New England Journal of Medicine
+that antibiotics may be able to treat ulcers, threatening 
+Glaxo's billion dlr antiulcer drug Zantac, analysts said.
+    Glaxo's was trading at 27-7/8, off 1/2, on volume of
+1,786,800 shares. Shares of SmithKline Beckman &lt;SKB>, maker of
+the popular anti-ulcer drug Tagamet, also fell 7/8 to 60-1/4.
+    "Anything that raises the possiblity of an entirely new
+therapy for ulcers would attack the core of Glaxo's worldwide
+business, which is Zantac," said David MacCallum, an analyst
+who follows Glaxo for Hambrecht and Quist.
+   
+    Zantac is the world's most prescribed drug with annual
+sales of over one billion dollars, accounting for almost 75 pct
+of Glaxo's earnings, said MacCallum.
+    "If there is any perception that Zantac is not the therapy
+of choice for ulcers, Glaxo's sales and profits could decline,"
+said Tina Rizopuolos, an analyst with Alexanders Laing and
+Or'kshnk.
+    Rizopuolos said the New England Journal article, led by a
+University of Toronto researcher, concludes from a study of 71
+children with gastric disease that bacteria could cause
+gastritis and ulcers.
+   
+    In an editorial in the same issue of the medical journal,
+Richard Hornick of the University of Rochester School of
+Medicine, reviewed studies using antibiotics to treat ulcers.
+Rizopuolos said Hornick concludes that the bacteria ulcer
+relationship is "exciting and intriguing," but further studies
+are needed to show a direct causal effect.
+    Ulcers happen when the stomach's protective lining erodes
+and is exposed to underlying inflamed tissue, but it is unknown
+what actually causes the process.
+   
+It is known that stomach acids exacerbate ulcers and therefore
+antacids were commonly used to alleviate ulcers before Tagamet
+and Zantac came along. Both of these drugs prevent the release
+of the hormone histamine in the stomach, which triggers acid
+secretion.
+    "I don't think people should run out and sell Glaxo," said
+analyst Rizopuolos. "It will take a long time to displace
+Tagamet and Zantac...those drugs are going to be prescribed by
+physicians for a long time," she added.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6763" NEWID="18924">
+<DATE>18-JUN-1987 14:39:09.68</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>itc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f4277&#31;reute
+d f BC-ITC-CONTESTS-USE-OF-D   06-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITC CONTESTS USE OF DOCUMENTS AS COURT EVIDENCE</TITLE>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>The International Tin Council, ITC,
+intervened in a High Court hearing in an attempt to prevent the
+presentation of internal Council documents as evidence.
+    The intervention in Shearson Lehman's action against the
+London Metal Exchange over its "ring out" of tin contracts in
+1986 is likely to have implications for other cases in which
+the Council is involved following the collapse of its buffer
+stock operations in October 1985, ITC delegates said.
+    The ITC's case is being presented by Professor Rosalyn
+Higgins and is expected to take a further one or two days next
+week. Court does not sit tomorrow.
+    In essence the Council is claiming that its status is
+similar to that of a foreign embassy and that its archives can
+therefore not be used in an English court of law.
+    The Council ended its quarterly session today ahead of
+schedule. The meeting had been expected to go on until tomorrow
+when the European Community's legal advisers were due to
+attend, but delegates reviewed the progress of the various
+legal actions today.
+    Otherwise, the meeting was occupied with internal
+administrative matters, delegates said.
+    The ITC will continue to operate with a reduced staff after
+June 30 following the two year extension of the sixth
+International Tin Agreement.
+    As well as dealing with the ongoing litigation, the Council
+will continue with its statistical work and carry out some
+research studies, although staffing in the research department
+is being cut to one from two previously.
+    At this week's session the Council elected Philip Sparkes
+of Australia as first vice-chairman for the producing members
+and Heinz Hofer of Switzerland as second vice-chairman for the
+consumers for the year from July 1. Future quarterly sessions
+are scheduled for October 5/7 and December 14/16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6676" NEWID="18925">
+<DATE>18-JUN-1987 14:40:40.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4280&#31;reute
+d f BC-AMERICAN-CYANAMID-&lt;AC   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CYANAMID &lt;ACY> TO BUILD PLANT ADDITION</TITLE>
+<DATELINE>    WAYNE, N.J., June 18 - </DATELINE><BODY>American Cyanamid Co said it plans
+to construct a multimillion-dollar addition to its agricultural
+flagship plant in Hannibal, Mo.
+    The company said the facilities will produce Assert
+herbicide, the third in the company's new series of
+imidazolinone herbicides.
+    Cyanamid, which is a biotechnology and chemical research
+company, said the Hannibal plant is its principal agricultural
+product manufacturing facility.
+    Assert is a wild oat and broadleaf weed herbicide for use
+on small grains and on sunflowers, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6765" NEWID="18926">
+<DATE>18-JUN-1987 14:45:30.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4288&#31;reute
+u f BC-FIRST-WISCONSIN-&lt;FWB>   06-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST WISCONSIN &lt;FWB> TO SELL BUILDING FOR GAIN</TITLE>
+<DATELINE>    MILWAUKEE, June 18 - </DATELINE><BODY>First Wisconsin Corp said it has
+agreed to sell its First Wisconsin Center in Milwaukee and
+adjacent property to Trammell Crow Co for 195 mln dlrs,
+resulting in a gain of 77 mln dlrs after tax.
+    It said 36 mln dlrs of that amount will be included in 1987
+earnings and the remainder will be accounted for over the next
+10 years.
+    First Wisconsin said the transaction was valued at 195 mln
+dlrs.
+    First Wisconsin said Trammell Crow officials said they
+planned to build a high-rise, tower next to the 42-story
+center, where First Wisconsin will continut to have its
+headquarters.
+    In addition to the center, First Wisconsin said the
+property being sold includes two buildings directly east of the
+center. First Wisconsin said it will continue to occupy the
+area, leasing the space back from Trammell Crow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6678" NEWID="18927">
+<DATE>18-JUN-1987 14:45:53.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4290&#31;reute
+r f BC-NORTH-HILLS-&lt;NOHL.O>   06-18 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH HILLS &lt;NOHL.O> CLOSES LOAN</TITLE>
+<DATELINE>    GLEN COVE, N.Y., June 18 - </DATELINE><BODY>North Hills Electronics Inc said
+its North Hills Israel Ltd unit closed on a 1,500,000 dlr
+loan from Overseas Private Investment Corporation, an agency of
+the U.S. government.
+    North Hills said the unit will use the loan in connection
+with the construction and equipping of a 16,000-square-foot
+manufacturing facility in Israel to produce components for
+electrical control systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6767" NEWID="18928">
+<DATE>18-JUN-1987 14:46:47.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f4295&#31;reute
+d f BC-CHINA-GETS-97.4-MLN-D   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA GETS 97.4 MLN DLR WORLD BANK LOAN</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The World Bank said it approved a
+97.4 mln dlr loan for China to help boost fertilizer output in
+order to increase agricultural production.
+    The 20-year loan supports a project aimed at improving the
+efficiency of medium-scale fertilizer plants through technical
+renovations and energy conservation, the bank said.
+    It said the project also seeks to reduce agricultural
+nutrient imbalances by building the capacity for phosphate
+fertilizer production and to improve institutional efficiency
+by introducing modern economic, financial and operational
+systems and techniques.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6680" NEWID="18929">
+<DATE>18-JUN-1987 14:46:52.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4296&#31;reute
+s f BC-TRITON-ENERGY-CORP-&lt;O   06-18 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRITON ENERGY CORP &lt;OIL> SETS QUARTERLY</TITLE>
+<DATELINE>    DALLAS, June 18 -
+    </DATELINE><BODY>Qtly div 2-1/2 cts vs 2-1/2 cts prior
+    Pay Oct One
+    Record Sept Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6769" NEWID="18930">
+<DATE>18-JUN-1987 14:49:58.81</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f4306&#31;reute
+u f BC-/REYNOLDS-METALS-TO-R   06-18 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REYNOLDS METALS TO RESTART IDLE POTLINE</TITLE>
+<DATELINE>    RICHMOND, Va., June 18 - </DATELINE><BODY>Reynolds Metals Co said it plans
+to restart the last idle potline at its Troutdale, Ore.,
+primary aluminum plant.
+    With the restart of this 22,700 tonne a year production
+line, Reynolds said it will be operating at 100 pct of its
+consolidated primary aluminum capacity of 695,000 tonnes per
+year.
+    Reynolds said work on the restart will begin in the near
+future and it is expected that actual metal production will
+begin September 1.
+    The company said the start-up was necessitated by
+continuing strong demand for aluminum and dwindling worldwide
+inventories, and that the metal is needed to supply Reynolds'
+various fabricating businesses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6770" NEWID="18931">
+<DATE>18-JUN-1987 14:51:53.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4309&#31;reute
+r f BC-FINGERMATRIX-&lt;FINX.O>   06-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINGERMATRIX &lt;FINX.O> COMPLETES RIGHTS OFFERING</TITLE>
+<DATELINE>    NORTH WHITE PLAINS, N.Y., June 18 - </DATELINE><BODY>Fingermatrix Inc said
+2,368,253 of the 2,649,387 rights to purchase common shares
+that it issued to shareholders were exercised and Hallwood
+Group Inc &lt;HWG> has purchased 165,000 common shares under an
+option to buy shares for which rights were not exercised.
+    In addition, it said it received oversubscription requests
+for another 1,400,000 shares and will distribute 116,134 shares
+on a pro rata basis.
+    The company said proceeds after underwriting discounts and
+commissions will be about 12.6 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6682" NEWID="18932">
+<DATE>18-JUN-1987 14:52:10.35</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4312&#31;reute
+r f BC-ALLEGHENY-&lt;ALGH.O>-FO   06-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY &lt;ALGH.O> FORMING SUBSIDIARY</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Allegheny and Western Energy Corp said
+it was forming a subsidiary to market gas to smaller users in
+West Virginia.
+    The company also said it completed negotiations to sell
+between 10 and 12 mln cubic feet of gas per day to a large,
+unspecified East Coast utility.
+    Interstate markets will become part of the subsidiary's
+operations, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6683" NEWID="18933">
+<DATE>18-JUN-1987 14:52:43.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f4315&#31;reute
+r f BC-PROXMIRE-SAYS-FSLIC-C   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROXMIRE SAYS FSLIC CONFERENCE SET FOR NEXT WEEK</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>Senate Banking committee chairman
+William Proxmire, D-Wis, said a conference will be held with
+the House Banking committee next week on a bill to refinance
+the Federal Savings and Loan Insurance Corp.
+    The Senate has passed a 7.5 billion dlr FSLIC refinancing,
+while the House approved five billion dlrs in new funds. The
+Senate bill also bars new bank services until next March and
+bans so-called non-bank banks, provisions the House opposes.
+    FSLIC is virtually out of money to help ailing thrift
+institutions, according to the Federal Home Loan Bank Board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6684" NEWID="18934">
+<DATE>18-JUN-1987 14:53:03.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4316&#31;reute
+r f BC-O'BRIEN-ENERGY-&lt;OBS>   06-18 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>O'BRIEN ENERGY &lt;OBS> SEES HIGHER YEAR NET</TITLE>
+<DATELINE>    PHILADELPHIA, June 18 - </DATELINE><BODY>O'Brien Energy Systems Inc said it
+expects net income for the year ending June 30 of 12 to 15 cts
+per share, up from eight cts last year.
+    The company said the earnings will be aided substantially
+be an agreement it has signed with Trafalgar House PLC
+&lt;THSL.L>.  Under the agreement, it said Trafalgar will provide
+turnkey construction, operation and maintenance services, as
+well as construction financing, for O'Brien cogeneration plants
+to be built in New Jersey and California.  Total installation
+costs will be about 190 mln dlrs, it said, with construction to
+start before year-end.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6774" NEWID="18935">
+<DATE>18-JUN-1987 14:54:05.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4319&#31;reute
+r f BC-PPG-INDUSTRIES-&lt;PPG>   06-18 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PPG INDUSTRIES &lt;PPG> TO BUILD TAIWAN PLANT</TITLE>
+<DATELINE>    PITTSBURGH, June 18 - </DATELINE><BODY>PPG Industries said it signed an
+agreement with Formosa Plastics Group to build and operate a
+continuous strand fiber glass manufacturing plant in Taiwan.
+    The 50-50 joint venture of PPG and Nan Ya Plastics, a
+corporation of Formosa Plastics Group, is subject to approval
+of Taiwan governmental agencies.
+    PPG said the plant, scheduled to begin operating in early
+1989, will have an initial annual capacity of 20,000 metric
+tons.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6686" NEWID="18936">
+<DATE>18-JUN-1987 14:54:28.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f4321&#31;reute
+r f BC-CONSUMERS-&lt;CMS>-SELLS   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUMERS &lt;CMS> SELLS BONDS IN TWO TRANCHES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Consumers Power Co is raising 250 mln
+dlrs through a two-tranche offering of first mortgage bonds,
+said lead manager Morgan Stanley and Co Inc.
+    A 150 mln dlr offering due 1992 was given a nine pct coupon
+and par pricing to yield 112.5 basis points over comparable
+Treasuries. This tranche is non-callable for life.
+    A companion 100 mln dlr issue maturing in 1997 was assigned
+a 9-5/8 pct coupon and priced at 98.50 to yield 9.703 pct, or
+143 basis points over Treasuries. These bonds are non-callable
+for five years.
+    The debt is rated Baa-3 by Moody's, BBB-minus by S and P.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6687" NEWID="18937">
+<DATE>18-JUN-1987 14:54:33.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4322&#31;reute
+s f BC-NYNEX-CORP-&lt;NYN>-SETS   06-18 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYNEX CORP &lt;NYN> SETS QTLY DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, June 18 - 
+    </DATELINE><BODY>Qtly div 95 cts vs 95 cts prior
+    Pay August three
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6777" NEWID="18938">
+<DATE>18-JUN-1987 14:56:44.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4327&#31;reute
+u f BC-GILLETTE-&lt;GS>-SEEN-OB   06-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GILLETTE &lt;GS> SEEN OBJECT OF GLOBAL BIDDING WAR</TITLE>
+<AUTHOR>    By Cal Mankowski, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Ronald Perelman, head of Revlon Group
+Inc &lt;REV>, may be trying to ignite a bidding war for Gillette
+Co that could draw some big international players and in the
+process make a lot of money for himself, Wall Street analysts
+said.
+    Several hours before a regularly scheduled board of
+directors meeting, Gillette disclosed that Perelman requested
+consent of its board for an offer of at least 40.50 dlrs per
+share. Perelman needed the consent because he agreed in
+November not to buy stock for 10 years without permission.
+    "I think Ronald Perelman is less interested in Gillette and
+more interested in putting Gillette into play because he stands
+to make a ton of money," said Andrew Shore, analyst at Shearson
+Lehman Brothers Inc. "In play" is a term used on Wall Street to
+describe what happens when a company becomes an unwiling
+takeover target.
+    Shore noted that according to the 1986 agreement Revlon
+gets paid if there is any acquisition of Gillette through
+November of this year at a price higher than 29.75 dlrs per
+share. Gillette rose three to 40 today, following a gain of
+three yesterday.
+    The agreement would be calculated on the basis of
+Perelman's previous holding of 18.4 mln shares, adjusted for a
+split. For example, a deal between Gillette and some other
+company at 44 dlrs per share would make Revlon richer by 262
+mln dlrs under the formula. Neither Perelman nor his spokesmen
+returned telephone calls seeking comment.
+    "Revlon stands to make a substantial amount of money if
+someone else takes over Gillette," said Analyst Deepak Raj of
+Merrill Lynch and Co. "I'm not saying that is going to happen
+but Gillette is an undervalued stock with a breakup value of 45
+dlrs per share."
+    Shore of Shearson Lehman said there are a couple of reasons
+why Perelman may not be really interested in acquiring
+Gillette. He said Perelman, in the process of taking Revlon
+private after acquiring control of the cosmetics company two
+years ago, probably wants to concentrate on improving Revlon's
+operations. "He's trying to overhaul and improve the image of
+the dearptment store business." Another reason is that Revlon
+has recently made two other acquisitions.
+    Under those circumstances, Shore would not be surprised if
+some company such as Unilever plc &lt;UN.AS> or Procter and Gamble
+Co &lt;PG> decided to take a look at Gillette.
+    Shore mentioned half a dozen other potential buyers for
+Gillette including Sir James Goldsmith, Hanson Trust plc &lt;HAN>,
+RJR Nabisco Inc &lt;RJR>, American Brands Inc &lt;AMB> and Ralston
+Purina Co &lt;RAL>.
+    "Perelman is trying to put the company in play," said a
+Wall Street arbitrageur. "He gets to share in the upside if the
+company is sold." Another arbitrageur said he expects Gillette
+to resist Perelman's overture. "I can't see the board
+consenting, what has changed between November and now," he
+said.
+   
+    Another arbitrageur said he was not sure what was going on.
+"Perelman never does anything without a fair amount of
+calculation," he said. But he added, "The Gillette board has to
+be careful. They just can't say no or they'll be sued by
+shareholders." Gillette's board was still meeting at 1700 EDT,
+three and one-half hours after the scheduled starting time.
+    According to a copy of Perelman's letter released by
+Gillette, he would be prepared to sign a defnitive merger
+agreement without any financing condition. He said Citibank
+N.A. is his lead lender and First Boston Inc is his financial
+adviser.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6689" NEWID="18939">
+<DATE>18-JUN-1987 14:57:42.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f4332&#31;reute
+d f BC-CHINA-GETS-WORLD-BANK   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA GETS WORLD BANK LOAN FOR FERTILIZER</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The World Bank said it approved a
+97.4 mln dlr loan for China to help boost fertilizer output in
+order to increase agricultural production.
+    The 20-year loan supports a project aimed at improving the
+efficiency of medium-scale fertilizer plants through technical
+renovations and energy conservation, the bank said.
+    It said the project also seeks to reduce agricultural
+nutrient imbalances by building the capacity for phosphate
+fertilizer production and to improve institutional efficiency
+by introducing modern economic, financial and operational
+systems and techniques.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6690" NEWID="18940">
+<DATE>18-JUN-1987 14:59:39.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f4338&#31;reute
+u f BC-PNC-FINANCIAL-&lt;PNCF.O   06-18 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PNC FINANCIAL &lt;PNCF.O> RAISES LOSS RESERVE</TITLE>
+<DATELINE>    PITTSBURGH, June 18 - </DATELINE><BODY>PNC Financial Corp said it will raise
+its loan loss reserve by 110 mln dlrs to about 386 mln dlrs,
+reducing second quarter results by 66 mln dlrs or 92 cts per
+share on a fully diluted basis.
+    The company said that after the charge it still expects to
+report a second quarter profit and expects a first half profit
+of about 100 mln dlrs.
+    It added that it expects normal operating earnings in the
+second half.
+    The company earned 68.5 mln dlrs in the 1986 second quarter
+and 121.6 mln dlrs in the prior first half.
+    It said the increase in loss reserves was due to its
+appraisal of the worldwide economy, particularly in less
+developed countries that are experiencing payment problems.
+    The company said the part of its loss reserve allocated to
+such countries is about 35 pct of its loans to those countries.
+It said the move would not result in any change to its current
+dividend policy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6780" NEWID="18941">
+<DATE>18-JUN-1987 14:59:53.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4339&#31;reute
+u f BC-A.H.-ROBINS-&lt;QRAH>-WI   06-18 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A.H. ROBINS &lt;QRAH> WINS APPEALS COURT RULING</TITLE>
+<DATELINE>    RICHMOND, June 18 - </DATELINE><BODY>A.H. Robins Co, facing suits over its
+Dalkon Shield birth control device, said a Federal Court of
+Appeals approved of the way the company notified potential
+victims about a possible liability.
+    The notification of potential claimants, which began in
+january 1986 and ended several months later, was challenged by
+some claimant committees who said the company's program was
+inadequate.
+    A company spokesman said A.H. Robins was pleased with the
+ruling, noting an unfavorable decision would have "set the
+whole thing back for quite some time."
+    The ruling by the U.S. Court of Appeals for the fourth
+circuit, which upheld a lower court, said, "the notification
+program used by Robins was ... reasonable.
+    "The evidence indicates that every news outlet in the world
+received the information. Simiarly, there is strong evidence
+that the news was broadly disseminated worldwide.
+    "Women from such unlikely locations as Kenya, Botswana,
+Pakistan and Bangladesh ultimately filed claims. A battery of
+world health and welfare organizations also disseminated the
+information. It appears to this Court that the extensive
+notification program was a success."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6781" NEWID="18942">
+<DATE>18-JUN-1987 15:00:13.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f4340&#31;reute
+r f BC-ALCOA-&lt;AA>-TO-BUY-BAC   06-18 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCOA &lt;AA> TO BUY BACK 12 PCT DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Aluminum Co of America said it is
+offering to purchase any and all of its outstanding 150 mln
+dlrs of 12 pct sinking fund debentures of 2012.
+    It said it will buy back the debentures at 1,105 dlrs per
+1,000 dlr principal amount, plus accrued interest up to, but
+not including, the day of payment.
+    The offer will end at 1700 EDT (2100 GMT) on June 30,
+unless extended. Payment will be made on July eight. The
+buyback offer will be co-managed by Merrill Lynch Capital
+Markets and Salomon Brothers Inc, Alcoa said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6692" NEWID="18943">
+<DATE>18-JUN-1987 15:05:46.12</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f4358&#31;reute
+f f BC-peru's-minpeco-lifts   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MINPECO LIFTS FORCE MAJEURE ON ZINC INGOT
+SHIPMENTS FROM CAJAMARQUILLA-SPOKESMAN
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6693" NEWID="18944">
+<DATE>18-JUN-1987 15:05:55.47</DATE>
+<TOPICS><D>strategic-metal</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4359&#31;reute
+r f BC-TRW-INC-&lt;TRW>-SETS-PA   06-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRW INC &lt;TRW> SETS PACT WITH TEKTRONIX &lt;TEK></TITLE>
+<DATELINE>    TORRANCE, Calif., June 18 - </DATELINE><BODY>TRW Inc's TRW Componenets
+International Inc unit said it set a pact with Tektronix Inc's
+TriQuint Semiconductor unit to jointly supply gallium arsenide
+devices for space applications.
+    As part of the agreement, the two companyies are working
+together to establish procedures to produce class "S" (a
+stringent military specification for space use) gallium
+arsenide components.
+    TriQuint makes gallilum arsenide integrated circuits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6694" NEWID="18945">
+<DATE>18-JUN-1987 15:08:54.04</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f4364&#31;reute
+b f BC-force-majeure-lifted   06-18 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORCE MAJEURE LIFTED AT CAJAMARQUILLA</TITLE>
+<DATELINE>    LIMA, June 18 - </DATELINE><BODY>Peru's state minerals marketing arm, Minero
+Peru Comercial SA (Minpeco), lifted a force majeure on zinc
+ingot shipments from the country's biggest zinc refinery at
+Cajamarquilla, a spokesman said.
+    The spokesman said the problems affecting sulphuric acid
+and roaster plants that had halted production since May 4 had
+been resolved.
+    However, he said production of zinc ingots this year was
+expected to fall to around 86,000 tonnes this year at
+Cajamarquilla, from 94,000 tonnes in 1986 because of the
+stoppage.
+    The refinery has an optimum annual production capacity of
+100,000 tonnes but its highest production was 96,000 tonnes of
+refined zinc ingots in 1985, the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6785" NEWID="18946">
+<DATE>18-JUN-1987 15:09:55.59</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f4369&#31;reute
+b f BC-ASSETS-OF-U.S.   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ASSETS OF U.S. MONEY FUNDS FELL 702.4 MLN DLRS IN LATEST
+WEEK TO 235.75 BILLION
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6786" NEWID="18947">
+<DATE>18-JUN-1987 15:11:37.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f4374&#31;reute
+r f BC-CRAZY-EDDIE-&lt;CRZY>-MA   06-18 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAZY EDDIE &lt;CRZY> MAY BE DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade Crazy Eddie Inc's 65 mln dlrs of B-1 convertible
+subordinated debentures.
+    Moody's cited Crazy Eddie's reduced profitability, recent
+acquisition proposals for the company that could increase debt
+leverage, and an uncertain earnings outlook.
+    The agency said its review would consider the company's
+concentration in the highly competitive New York marketplace,
+as well as Crazy Eddie's ability to maintain adequate bank
+financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6787" NEWID="18948">
+<DATE>18-JUN-1987 15:14:39.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4383&#31;reute
+b f BC-AMERICAN-EXPRES   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS BANK LTD WILL ADD 600 MLN DLRS TO LOAN
+LOSS RESERVES
+
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6788" NEWID="18949">
+<DATE>18-JUN-1987 15:16:05.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f4387&#31;reute
+r f BC-mexico-signs-120-mln   06-18 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO SIGNS 120 MLN DLR RESTRUCTURING WITH U.K.</TITLE>
+<DATELINE>    MEXICO CITY, June 18 - </DATELINE><BODY>Mexico signed a rescheduling accord
+covering 120 mln dlrs in official debts to Britain, as part of
+a 1.8 billion dlr restructuring agreed with the Paris club of
+creditors last year, the finance ministry said.
+    The rescheduling is over 10 years with five years grace,
+and carries an interest margin of 1/2 pct over libor.
+    Finance minister Gustavo Petricioli, who signed the accord
+for Mexico, said the agreement reflects a strengthening of
+economic, financial and trade relations between the two
+countries.
+    The Paris Club restructuring forms part of a 12 billion dlr
+financial package agreed with Mexico's creditors last year.
+    The rescheduling covers public sector trade debts coming
+due between september 1986 and march 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6789" NEWID="18950">
+<DATE>18-JUN-1987 15:17:19.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4393&#31;reute
+d f BC-CNS-&lt;CNXS.O>-COMPLETE   06-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CNS &lt;CNXS.O> COMPLETES INITIAL PUBLIC OFFERING</TITLE>
+<DATELINE>    MINNEAPOLIS, June 18 - </DATELINE><BODY>CNS Inc said it completed its
+initial public offering of 1,035,000 shares of common stock at
+3.75 dlrs a share through an underwriting group headed by
+Engler-Budd and Co Inc.
+    Concurrent with the offering, the company made an exchange
+offer in which it issued 277,127 common shares in exchange for
+935,333 dlrs of outstanding promissory notes at the rate of
+3.375 dlrs a share. This represented over a 93 pct acceptance
+of the exchange offer, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6790" NEWID="18951">
+<DATE>18-JUN-1987 15:17:38.42</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4395&#31;reute
+h f BC-USX-&lt;X>-UNIT-OFFERS-S   06-18 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> UNIT OFFERS STEEL PRICES DIRECTORY</TITLE>
+<DATELINE>    PITTSBURGH, June 18 - </DATELINE><BODY>USX Corp said its USS division has
+available a comprehensive sheet steel selection and pricing
+system detailing the company's full line of products.
+    The company said it was the first complete update in 25
+years.
+    The new prices in the book are effective after Oct One,
+1987, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6701" NEWID="18952">
+<DATE>18-JUN-1987 15:17:43.64</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M F 
+&#22;&#22;&#1;f4396&#31;reute
+u f BC-inspiration-cop-price   06-18 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INSPIRATION CUTS COPPER PRICE 0.50 CT TO 74 CTS</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Inspiration Consolidated Copper Co, a
+subsidiary of Inspiration Resources Corp, said it is lowering
+its base price for full-plate copper cathodes by 0.50 cent to
+74.0 cents a lb, effective immediately.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6702" NEWID="18953">
+<DATE>18-JUN-1987 15:18:11.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f4398&#31;reute
+r f BC-agf   06-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;AGF MANAGEMENT LTD> SIX MTHS MAY 31 NET</TITLE>
+<DATELINE>    TORONTO, June 18 -
+    </DATELINE><BODY>Shr 58 cts vs 38 cts
+    Net 4,628,650 vs 3,041,407
+    Revs 45.0 mln vs 28.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6703" NEWID="18954">
+<DATE>18-JUN-1987 15:19:04.34</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f4400&#31;reute
+b f BC-/CHINA-ADDS-CORN-TO-C   06-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA ADDS CORN TO COMMITMENTS - USDA</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>China has added 30,000 tonnes of U.S.
+corn to its previous commitments, according to the U.S.
+Agriculture Department's latest Export Sales report.
+    The report, covering transactions in the week June 11, the
+additional corn resulted from changes in destinations.
+    Total corn commitments for delivery in the 1986/87 season
+amount to 1,083,400 tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6793" NEWID="18955">
+<DATE>18-JUN-1987 15:19:17.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4401&#31;reute
+a f BC-DATA-MED-CLINICAL-SUP   06-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA MED CLINICAL SUPPORT&lt;DMCS.O> 1ST QTR LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, June 18 - </DATELINE><BODY>Period ended May 31
+    Shr loss five cts vs loss 11 cts
+    Net loss 306,007 vs loss 102,420
+    Sales 110,522 vs 10,105
+    NOTE: Full name is Data Med Clinical Support Services Inc
+    Per-share data adjusted for three-for-one stock split
+payable June 30, 1987
+    The only sales reflected in fiscal 1987 period are sales
+recorded subsequent to the May 22, 1986 acquisition of the
+assets of a predecessor company by Data Med
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6705" NEWID="18956">
+<DATE>18-JUN-1987 15:24:10.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4412&#31;reute
+r f BC-ALEXANDER-&lt;AAL>-ESTAB   06-18 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALEXANDER &lt;AAL> ESTABLISHES INSURANCE UNIT</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Alexander and Alexander Services Inc
+said it formed an insurance unit known as the Environmental
+Protection Insurance Co-Risk Retention Group to specialize in
+environmental liability coverage.
+    The company said the unit has started preliminary
+underwriting activities and will provide environmental
+impairment coverage to companies with pollution liability
+exposures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6795" NEWID="18957">
+<DATE>18-JUN-1987 15:26:04.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f4417&#31;reute
+r f BC-SOUTHLAND-&lt;SLC>-MAY-B   06-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHLAND &lt;SLC> MAY BE DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Standard and Poor's Corp said it may
+downgrade Southland Corp's 156 mln dlrs of debt securities and
+125 mln dlrs (liquidation value) of preferred stock.
+    The agency cited Southland's announcement that it is
+studying various restructuring alternatives. S and P said that
+the company has been a rumored takeover target for a while, and
+a restructuring would probably be a defensive move to thwart an
+unfriendly bid.
+    Southland currently carries BBB senior debt and A-2
+commercial paper.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6796" NEWID="18958">
+<DATE>18-JUN-1987 15:33:11.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f4436&#31;reute
+r f BC-CORRECTED---CRAZY-EDD   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED - CRAZY EDDIE &lt;CRZY> MAY BE DOWNGRADED</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade Crazy Eddie Inc's 81 mln dlrs of B-1 convertible
+subordinated debentures.
+    Moody's cited Crazy Eddie's reduced profitability, recent
+acquisition proposals for the company that could increase debt
+leverage, and an uncertain earnings outlook.
+    The agency said its review would consider the company's
+concentration in the highly competitive New York marketplace,
+as well as Crazy's ability to maintain adequate bank financing.
+    Moody's corrects amount of debt from 65 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6708" NEWID="18959">
+<DATE>18-JUN-1987 15:34:18.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f4441&#31;reute
+f f BC-NOVA-CORP-SAYS   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NOVA CORP SAYS IT IS CONSIDERING A TAKEOVER BID FOR DOME
+PETROLEUM
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6798" NEWID="18960">
+<DATE>18-JUN-1987 15:34:32.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4442&#31;reute
+r f BC-MCDONNELL-DOUGLAS-&lt;MD   06-18 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL DOUGLAS &lt;MD>, SIEMENS SIGN MEMORANDUM</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>McDonnell Douglas Corp and Siemens AG
+&lt;SIEG.F> said they signed a memorandum of understanding dealing
+with the AH-64 Apache helicopter.
+    They said the memorandum deals with depot maintenance of
+the U.S. Army's helicopters based in West Germany and a joint
+study of the potential development and production of the
+helicopter for the West German Army.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6710" NEWID="18961">
+<DATE>18-JUN-1987 15:41:39.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>thatcher</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f4456&#31;reute
+u f BC-UK-"STAR-WARS"-CONTRA   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK "STAR WARS" CONTRACTS SEEN AS TOO SMALL</TITLE>
+<AUTHOR>    By Sten Stovall, Reuters</AUTHOR>
+<DATELINE>    LONDON, June 18 - </DATELINE><BODY>British companies are being largely
+frozen out of President Reagan's "Star Wars" project despite
+earlier hopes of lucrative contracts from the research bonanza,
+according to a report by Members of Parliament (MPs).
+    Funding for the project, formally known as the Strategic
+Defence Initiative (SDI), has so far amounted to some 7.5
+billion dlrs, parliament's Defence Committee said.
+    But British contractors have won only 34 mln dlrs of this
+-- 20 mln dlrs on a government-to-government basis, with the
+rest secured directly by U.K. Firms and institutions.
+    In December 1985, Britain and the United States signed a
+Memorandum of Understanding (MoU) relating to cooperative
+research for the Strategic Defence Initiative.
+    At the time, hopes were expressed that U.K. Industrial
+participation would lead to significant spin-off of technology,
+both of other defence areas and to the civil sector.
+    But the all-party committee report said "the debate about
+the merits of U.K. Participation in SDI has now to be conducted
+within a rather different context than was the case when the
+MoU was negotiated.... It has become evident that SDI
+participation may not be the great bonanza that some thought."
+    British Prime Minister Margaret Thatcher has been one of
+President Reagan's few staunch supporters on his plan to
+development an anti-ballistic missile defence screen.
+    But government sources said she has become angry about
+bureaucratic barriers to British companies trying to break into
+the lucrative American defence market generally -- a view
+voiced again today by her defence minister, George Younger.
+    He told a gathering here of British and American
+businessmen, "We in Europe greatly welcome the emphasis which
+you in the U.S. Have placed on cooperation and collaboration in
+the defence equipment sphere."
+    He added, "But I do worry that the failure of important and
+influential individuals in Congress and elsewhere to realise
+the true nature of the two-way street in terms of ideas,
+technology and equipment will lead to the erection of
+artificial barriers."
+    "I am afraid that the danger signals are only too visible in
+the form of both of the legislative proposals which seem to
+arise with ever increasing frequency on (Capitol) Hill, and of
+new regulations from the U.S. Administration," Younger said.
+    "The defence balance of trade with the U.K. and other allies
+is still markedly in favour of the U.S."
+    Thatcher will visit Washington next month for talks with
+President Reagan. U.K. Government officials said she would
+probably raise the subject of defence trade when they meet.
+    The report by Parliament's Defence Committee said that the
+British position towards SDI was based on four points agreed
+between Thatcher and Reagan in December 1984, they being that:
+    - The aim was not superiority, but to maintain balance
+    - SDI-related deploymewnt would be a matter for negotiation
+    - The overall aim is to enhance, not undercut, deterence
+    - East-West negotiation should aim to achieve security with
+reduced levels of offensive systems on both sides.
+    The committee in its report said, "we very much support the
+government's view that SDI research should proceed only within
+the framework of the Camp David "four points" and in particular
+that it should be in entire conformity with the provisions of
+the ABM (Anti-Ballistic Missile) Treaty."
+    "We note that all present and envisaged SDI work undertaken
+by UK contractors falls in the "narrow" interpretation of the
+treaty, (and) we recommend that the government takes the
+appropriate steps to ensure that this continues to be the case."
+    That definition prohibits the U.S. And Soviet Union from
+developing, testing or deploying ABM systems, experts said.
+    That recommendation would of course change, it added, if "it
+has become clear that the Soviet Union has taken the lead in
+renouncing the constraints of the narrow interpretation."
+    Regarding possibilities for technology spin-offs, the
+committee report said that "the present predominance of "paper
+studies" in SDI contracts awarded to British firms and
+institutions militates against any such achievement."
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6800" NEWID="18962">
+<DATE>18-JUN-1987 15:42:36.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4458&#31;reute
+r f BC-CARTER-HAWLEY-&lt;CHH>-S   06-18 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARTER HAWLEY &lt;CHH> SETS RECORD DATE FOR VOTE</TITLE>
+<DATELINE>    LOS ANGELES, June 18 - </DATELINE><BODY>Carter Hawley Hale Stores Inc said
+it has set June 29 as the record date for shareholders voting
+on the company's proposed restructuring at its annual meeting.
+    The company has yet to set a date for the meeting, but has
+said it will be held before the end of August.
+    Under the proposal, Carter Hawley would split into a
+specialty store company and a department store company.
+    Shareholders would get 17-dlrs in cash and a share in each
+of the two new companies for each existing common share they
+hold. The restructuring was announced in December, after Carter
+Hawley rejected a buy-out offer by Retail Partners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6712" NEWID="18963">
+<DATE>18-JUN-1987 15:43:57.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4465&#31;reute
+b f BC-ALLEGHENY-&lt;AI>-SELLS   06-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY &lt;AI> SELLS THREE INDUSTRIAL UNITS</TITLE>
+<DATELINE>    PITTSBURGH, June 18 - </DATELINE><BODY>Allegheny International Inc said it
+sold three of its industrial units which served the railroad
+industry to &lt;Chemetron Railway Products Inc>, a senior
+management group of Allegheny.
+    Terms of the transaction were not disclosed.
+    Included in the sale were Chemetron Railway Products, True
+Temper Railway Appliances Inc and Allegheny Axle Co, the
+company said.
+    The three units include 12 plants throughout the U.S., the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6713" NEWID="18964">
+<DATE>18-JUN-1987 15:45:19.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4469&#31;reute
+d f BC-VESTAUR-SECURITIES-IN   06-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VESTAUR SECURITIES INC &lt;VES> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    PHILADELPHIA, June 18 - 
+    </DATELINE><BODY>Qtly div 30.1 cts vs 30.1 cts prior
+    Pay July 15
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6714" NEWID="18965">
+<DATE>18-JUN-1987 15:45:23.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4470&#31;reute
+d f BC-ONE-VALLEY-BANCORP-IN   06-18 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ONE VALLEY BANCORP INC &lt;OVWV.O> QTLY DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, June 18 - 
+    </DATELINE><BODY>Qtly div 26 cts vs 26 cts prior
+    Pay July 15
+    Record June 29
+    Note:the company's full name is One Valley Bancorp of West 
+   Virginia Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6804" NEWID="18966">
+<DATE>18-JUN-1987 15:45:31.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4471&#31;reute
+d f BC-PHILLIPS-PETROLEUM-CO   06-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILLIPS PETROLEUM CO &lt;P> UNIT BUILDS NEW PLANT</TITLE>
+<DATELINE>    BATTLESVILLE, Okla., June 18 - </DATELINE><BODY>Phillips Petroleum Co said
+its Provesta Corp unit will build a semi-commercial
+fermentation products plant with capacity of more than 3 mln
+lbs a year of Provesteen yeast.
+    The company said construction of the plant is set to begin
+in August with completion due April-May 1988.
+    It said the plant will be built by Jacobs Engineering Group
+Inc &lt;JEC>.
+    The company said the purpose of the plant is to demonstrate
+a scale-up of Phillips and Provesta's fermentation technology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6805" NEWID="18967">
+<DATE>18-JUN-1987 15:46:06.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4474&#31;reute
+d f BC-CORTEZ-&lt;COZYF.O>-UNIT   06-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORTEZ &lt;COZYF.O> UNIT SETS FOOD PARTNERSHIP</TITLE>
+<DATELINE>    DALLAS, June 18 - </DATELINE><BODY>Ram Industries Inc, a unit of Cortez
+International Ltd., said an agreement has been reached with
+&lt;Treasure Valley Foods> of Nampa, Idaho, to lease all of
+Treasure's buildings and equipment.
+    The company said the joint venture will be between Ram and
+one of its units, Multiple Resources Inc, and that the
+operation will retain key Treasure management employees.
+    Ram said operations will begin by August one and will
+involve processing onions in addition to other frozen food
+products during the initial year of the project.
+   
+    Ram said it expects sales to exceed 12 mln dlrs during the
+first 24 months with net income exceeding 1.8 mln dlrs.
+    The company also said it is in negotiations to purchase a
+yet undisclosed facility in Mississippi which processes up to
+1.4 mln pounds of frozen okra monthly.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6717" NEWID="18968">
+<DATE>18-JUN-1987 15:46:17.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4477&#31;reute
+d f BC-ENNIS-BUSINESS-FORMS   06-18 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENNIS BUSINESS FORMS INC &lt;EBF> QTLY DIVIDEND</TITLE>
+<DATELINE>    ENNIS, Texas, June 18 - 
+    </DATELINE><BODY>Qtly div 13 cts vs 11-1/3 cts prior
+    Pay Aug 3
+    Record July 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6718" NEWID="18969">
+<DATE>18-JUN-1987 15:46:20.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4478&#31;reute
+s f BC-GREAT-LAKES-CHEMICAL   06-18 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT LAKES CHEMICAL CORP &lt;GLK> SETS REG DIV</TITLE>
+<DATELINE>    WEST LAFAYETTE, Ind., June 18 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts prior
+    Pay July 28
+    Record July one
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6719" NEWID="18970">
+<DATE>18-JUN-1987 15:46:29.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4480&#31;reute
+b f BC-NYSE-TO-DISCLOSE-IMBA   06-18 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE TO DISCLOSE IMBALANCES TWICE TOMORROW</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>The New York Stock Exchange said in
+connection with the triple expirations of stock index futures,
+options and individual options it will disclose imbalances in
+50 major stocks tomorrow at 0900 EDT and again at 1530 EDT.
+    The information will be disclosed via financial news
+services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6808" NEWID="18971">
+<DATE>18-JUN-1987 15:46:51.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4483&#31;reute
+r f BC-SOUTHERN-CALIFORNIA-E   06-18 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN CALIFORNIA EDISON &lt;SCE> RAISES DIVIDEND</TITLE>
+<DATELINE>    ROSEMEAD, Calif., June 18 -
+    </DATELINE><BODY>Qtly div 59.5 cts vs 57 cts
+    Pay July 31
+    Record July 2
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6721" NEWID="18972">
+<DATE>18-JUN-1987 15:48:10.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f4489&#31;reute
+f f BC-MOODY'S-AFFIRMS   06-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S AFFIRMS AMERICAN EXPRESS CO'S 8.6 BILLION DLRS OF
+DEBT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6810" NEWID="18973">
+<DATE>18-JUN-1987 15:49:10.20</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f4490&#31;reute
+u f BC-SENATOR-DEFENDS-U.S.   06-18 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATOR DEFENDS U.S. MANDATORY FARM CONTROL BILL</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>Sen. Tom Harkin, D-Iowa, defended his
+controversial mandatory supply control farm bill and said U.S.
+farmers should be allowed to vote in a referendum whether they
+approve of the proposal.
+    The Harkin proposal would set loan rates of 5.17 dlrs per
+bushel for wheat, 3.77 dlrs for corn and 9.32 dlrs for
+soybeans, all to be put in effect under strict controls on
+planted acreage reductions. Present loan rates are 2.28 dlrs
+for wheat, 1.92 for corn, and effectively 4.56 for soybeans.
+    Also under the plan, the U.S. would seek a world market
+sharing cartel with the European Community and other exporting
+nations, to share-out export markets, Harkin said during the
+first of several Senate Agriculture subcommittee hearings
+examining farm programs.
+    Harkin made the following claims in testimony on his
+"Family Farm Act."
+    -- The mandatory control bill would increase farm income
+and reduce government spending on agriculture.
+    -- Harkin said his policy of high price supports would not
+ruin U.S. agricultural exports as critics claim, but would
+increase overall revenue from exports.
+    This would be done by seeking agreement among major
+exporting countries including the European Community on market
+sharing at agreed high prices.
+    Sen. Christopher Bond, R-Mo., countered during the hearing
+that such a grain export cartel is not workable.
+    -- Harkin acknowledged that higher commodity price supports
+would be passed onto consumers, but he said high food prices
+stem more from "gouging" by food processing companies than from
+high farm product prices.
+    Harkin cited what he termed "excessive" net returns on
+equity over five years of 33.4 pct at Kellogg, 31.9 pct
+Monfort, 22.8 pct Nabisco, 22.8 pct ConAgra, 21.2 pct H.J.
+Heinz, 19.1 pct Ralston Purina, 17.2 pct Pillsbury and 16.7 pct
+Quaker Oats.
+    -- Harkin said a "legitimate" concern about his bill would
+be the impact of higher prices on livestock producers.
+    He said as a transition to the higher prices, he would
+allow livestock producers to purchase Commodity Credit Corp.
+grain stocks for three years.
+    Thereafter, livestock farmers would benefit from a
+"predictable and stable" grain price, he said.
+    -- Harkin said that under his policy approach farm
+participation would be no more "mandatory" than the current
+farm program. He said farmers now must participate in farm
+programs in order to receive credit for planting and to protect
+farm income.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6723" NEWID="18974">
+<DATE>18-JUN-1987 15:50:05.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f4494&#31;reute
+b f BC-MOODY'S-MAY-DOW   06-18 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S MAY DOWNGRADE POTOMAC ELECTRIC'S 1.3 BILLION DLRS
+OF DEBT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6812" NEWID="18975">
+<DATE>18-JUN-1987 15:51:15.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM Y 
+&#22;&#22;&#1;f4501&#31;reute
+u f BC-NOVA-&lt;NVAA.TO>-CONSID   06-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOVA &lt;NVAA.TO> CONSIDERING BID FOR DOME &lt;DMP></TITLE>
+<DATELINE>    Calgary, Alberta, June 18 - </DATELINE><BODY>Nova Corp is considering a
+takeover bid for Dome Petroleum Ltd, either alone or as part of
+a consortium, Nova chairman Bob Blair said.
+    "We are thinking about making an offer to Dome or Amoco
+(Canada Petroleum Co Ltd) or the creditors," Blair told
+reporters before the annual meeting. Amoco Canada is a unit of
+Amoco Corp &lt;AN>, which has made a 5.2 billion-dlr acquisition
+offer for Dome.
+    "There is ongoing, serious thought applied to Dome in Nova
+and in Husky, but no decision of substance as to future action
+has been taken in either company," Blair said. Nova owns 43 pct
+of Husky Oil Ltd &lt;HYO.TO>.
+    Blair also said that Nova has made no decision as to
+whether it would want to be lead partner in a joint purchase of
+Dome.
+    He added that some of the discussions with other parties
+about Dome included TransCanada PipeLines Ltd &lt;TRP>, but
+refused to name the other participants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6813" NEWID="18976">
+<DATE>18-JUN-1987 15:52:11.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4506&#31;reute
+u f BC-RED-LION-INNS-L.P.-&lt;R   06-18 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RED LION INNS L.P. &lt;RED> SETS INITIAL DIVIDEND</TITLE>
+<DATELINE>    VANCOURVER, Wash., June 18 - </DATELINE><BODY>Red Lion Inns Limited
+Partnership said it declared an initial cash distribution of 43
+cts per unit, which is a proration of 50 cts per quarter.
+    The distribution is payable August 14 to unitholders of
+record June 30.
+    The payout was adjusted to reflect the actual number of
+days the partnership will have owned the hotels during the
+calendar quarter ended June 30, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6814" NEWID="18977">
+<DATE>18-JUN-1987 15:52:16.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4507&#31;reute
+d f BC-NYNEX-CORP-&lt;NYN>-QUAR   06-18 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYNEX CORP &lt;NYN> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, June 18 - 
+    </DATELINE><BODY>Qtly div 95 cts vs 95 cts prior
+    Pay Aug 3
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6727" NEWID="18978">
+<DATE>18-JUN-1987 15:52:30.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4509&#31;reute
+d f BC-FIRST-FEDERAL-OF-MICH   06-18 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL OF MICHIGAN &lt;FFOM.O> QTLY DIV</TITLE>
+<DATELINE>    DETROIT June 18 - 
+    </DATELINE><BODY>Qtly div 12 cts vs 12 cts prior
+    Pay Aug 10
+    Record July 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6728" NEWID="18979">
+<DATE>18-JUN-1987 15:52:37.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f4510&#31;reute
+r f BC-GILLETTE-&lt;GS>-PAPER-M   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GILLETTE &lt;GS> PAPER MAY BE CUT BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Standard and Poor's Corp said it placed
+on creditwatch with negative implications Gillette Co's A-2
+commercial paper pending the outcome of a possible takeover by
+Revlon Group Inc &lt;REV>.
+    Revlon, currently bound by a standstill agreement following
+an earlier bid for the company, has asked Gillette's board for
+permission to make a 40.50 dlr per share bid for the firm.
+    Should Revlon be successful, Gillette's rating would
+reflect the weaker credit quality and aggressive nature of
+Revlon, whose senior debt is rated B, the agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6816" NEWID="18980">
+<DATE>18-JUN-1987 15:56:50.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4516&#31;reute
+r f BC-KRAFT   06-18 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRAFT &lt;KRA> DEFENDS CHEESE ADVERTISING</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>Kraft Inc said it strongly disagreed
+with a complaint filed by the Federal Trade Commission that it
+made false and misleading claims about its Kraft Singles cheese
+product and said it would fight the charge.
+    "Kraft has always been committed to informative and
+truthful advertising and this compaign clearly meets those
+criteria," Kraft said in a prepared statement.
+    "We believe the integreity of the advertising will be
+established through the litigation process," Kraft said.
+    Company spokesman Scott Horne said he could not elaborate
+on the statement because the case is being litigated.
+    The FTC charged Kraft with making false and misleading
+claims in its advertising by overstating the calcuim content of
+its Kraft Singles American Pasteurized Process Cheese Food.
+    In an administrative complaint, the FTC charged the
+Glenview, Ill., food and consumer products company with falsely
+claiming that a slice of Kraft Singles contains the same amount
+of calcium as five ounces of milk.
+    The company also falsely advertised that Kraft Singles
+contain more calcium than most slices of imitation cheese and
+that it could substantiate its claims, the FTC charged.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6730" NEWID="18981">
+<DATE>18-JUN-1987 15:58:18.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A 
+&#22;&#22;&#1;f4521&#31;reute
+f f BC-AMERICAN-EXPRES   06-18 0019</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS CO SEES 50 MLN DLR CONSOLIDATED LOSS IN
+2ND QTR FROM ADDITION TO UNIT'S LOAN LOSS RESERVE.
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6818" NEWID="18982">
+<DATE>18-JUN-1987 18:08:04.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f4879&#31;reute
+r f BC-FDIC-SAYS-MISSOURI-BA   06-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDIC SAYS MISSOURI-BASED BANK HAS FAILED</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The Federal Deposit Insurance Corp
+said the First Midwest Bank based in Maryville, Mo., was closed
+by state regulators, becoming the 91st federally insured bank
+to fail this year.
+    The FDIC said First Midwest's 25.1 mln dlrs in deposits are
+being assumed by the First Bank of Maryville, a newly chartered
+subsidiary of (Citizens Bancshares Co) of Chillicothe, Mo.
+    It said the failed bank's two offices, with assets of 25.2
+mln dlrs, will reopen June 19 as branches of First Bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6819" NEWID="18983">
+<DATE>18-JUN-1987 18:09:07.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A 
+&#22;&#22;&#1;f4880&#31;reute
+r f BC-FIRST-WACHOVIA-&lt;FW>-A   06-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST WACHOVIA &lt;FW> ADDS TO LOAN LOSS RESERVE</TITLE>
+<DATELINE>    ATLANTA, Ga., June 18 - </DATELINE><BODY>First Wachovia Corp said it will
+add 50 mln dlrs to its loan loss reserve. It said about 35 mln
+dlrs will cover bad loans to developing countries and the
+balance is for domestic and international loans.
+    First Wachovia also said it will report a second quarter
+capital gain of 14.3 mln dlrs from the sale of equity
+securities. It said the effect of these transactions will
+reduce its second quarter earnings by 20 mln dlrs or 37 cts a
+share in net income for the quarter.
+    In the year-ago quarter the bank earned 45 mln dlrs or 83
+cts a share.
+    First Wachovia also said that excluding the second quarter
+special items, it expects to report a "good operating earnings
+performance" compared with the year-ago quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6820" NEWID="18984">
+<DATE>18-JUN-1987 18:14:59.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f4886&#31;reute
+d f BC-WHITE-HOUSE-STAFFER-C   06-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE STAFFER CONSIDERED TO HEAD CFTC</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>A White House associate personnel
+director, Mark Sullivan, emerged as a possible candidate to
+replace Susan Phillips as chairman of the Commodity Futures
+Trading Commission (CFTC).
+    Commodity industry and government sources said Sullivan,
+who is not well known to the commodities industry, has emerged
+this week as a surprise candidate for the post.
+    Sullivan, an attorney, has been in charge of Reagan
+administration personnel appointments in the legal and
+financial affairs areas since July, 1986.
+    Phillips resigned last month to assume the post of vice
+president of finance at the University of Iowa.
+    Following Phillips' resignation CFTC commissioner Kalo
+Hineman, a Kansas farmer, or commissioner Robert Davis were
+considered the strongest candidates to head the agency, at
+least temporarily.
+    However, industry sources said the strong speculation about
+Sullivan suggests he now is the leading candidate.
+    Sullivan's name has also been floated recently for other
+Reagan administration financial regulatory positions. He was
+rumored in April to be under consideration for a position on
+the board of the Federal Home Loan Bank Board, which regulates
+Savings and Loan Associations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6821" NEWID="18985">
+<DATE>18-JUN-1987 18:15:40.41</DATE>
+<TOPICS><D>gnp</D><D>bop</D></TOPICS>
+<PLACES><D>france</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f4888&#31;reute
+b f BC-OECD-SEES-GERMAN-GROW   06-18 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD SEES GERMAN GROWTH HIT BY LOW DOMESTIC DEMAND</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>West German economic growth will slow to
+1.5 pct this year from 2.4 pct in 1986 due to weak domestic
+demand and tougher competition from abroad, the Organisation
+for Economic Cooperation and Development (OECD) said in its
+semi-annual review of the world economy.
+    This view is less favourable than the West German
+government's forecast of a growth rate of under two pct this
+year, but is in line with forecasts by independent economic
+institutes of growth ranging from 1.5 to two pct.
+    The OECD said that the economy should pick up next year,
+with the gross national product rising by two pct in real
+terms.
+    The OECD said it assumed the German economy was passing
+through a period of temporary weakness and there would be some
+recovery in business confidence in the near future.
+    But it warned that the key to an improvement in the economy
+was higher domestic demand, which is only forecast to rise by
+2.5 pct this year and 2.75 pct in 1988, below 1986's 3.7 pct.
+    While noting that the government is bringing forward a five
+billion mark tax reform to January 1988, the OECD said that "the
+medium to longer-term performance of the West German economy
+could be improved by reduction of subsidies - which would allow
+relatively lower tax rates."
+    Since the OECD report was compiled, the West German Federal
+Statistics Office has released figures showing that the GNP
+actually fell 0.5 pct in real terms in the first quarter of
+this year compared with the final three months of 1986.
+    Diplomatic sources here said that West Germany appeared
+likely to finish the year with the lowest growth rate of any of
+the Group of Seven leading industrial nations.
+    West Germany's current account surplus, the target of
+considerable criticism by the Reagan administration, is
+expected to rise slightly to 37 billion dlrs this year from
+35.8 billion in 1986, before declining to 29 billion dlrs in
+1988.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6822" NEWID="18986">
+<DATE>18-JUN-1987 18:15:56.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4889&#31;reute
+r f BC-TVX   06-18 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT FIRM RAISES TVX &lt;TVXG.O> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>WEDGE Group Inc, a Houston investment
+firm, said it raised its stake in TVX Broadcast Group Inc to
+682,419 shares, or 15.1 pct of the total outstanding common
+stock, from 559,219 shares, or 12.4 pct.
+    In a filing with the Securities and Exchange Commission,
+WEDGE said it bought 123,200 TVX common shares at prices
+ranging from 8.00 to 10.625 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6823" NEWID="18987">
+<DATE>18-JUN-1987 18:19:46.22</DATE>
+<TOPICS><D>gnp</D><D>jobs</D><D>cpi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f4900&#31;reute
+u f BC-HIGHER-GROWTH,-UNEMPL   06-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGHER GROWTH, UNEMPLOYMENT IN FRANCE, OECD SAYS</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>France's growth rate is expected to
+strengthen in the second half of this year after a poor first
+half, but unemployment will worsen, the Organisation for
+Economic Cooperation and Development (OECD) said.
+    In its semi-annual review of the world economy, the OECD
+forecast that growth in the French Gross Domestic Product (GDP)
+would run at about two pct in the next six months. It said the
+rate would be in line with the 1986 trends, but significantly
+higher than in the first half of this year.
+    The OECD said France's economic situation has deteriorated
+somewhat during the early months of 1987. 
+    Activity has slowed, primarily reflecting an inventory
+adjustment, while unemployment has risen rapidly and inflation
+has reaccelerated, the OECD said. Unemployment is likely to
+reach 12 pct of the workforce by the end of 1988.
+    The report said inflation should slow and domestic demand
+pick up in the second half of this year. But both data are
+likely to be worse than those recorded in 1986, it added.
+    The OECD forecast a 2.75 pct rise in consumer prices for
+the second half of this year, a one pct drop from the first six
+months. The slowdown would bring the inflation rate to 3.25 pct
+for the whole year, sharply up from last year's 2.2 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6824" NEWID="18988">
+<DATE>18-JUN-1987 18:21:59.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4908&#31;reute
+d f BC-NASH-FINCH   06-18 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP RAISES NASH FINCH &lt;NAFC.O> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>A group including members of the
+Sobey family of Nova Scotia and Empire Company Ltd, said it
+raised its stake in Nash Finch Co to 442,498 shares, or 8.6 pct
+of the total outstanding, from 374,498 shares, or 7.3 pct.
+    In a filing with the Securities and Exchange Commission,
+the group said it bought 68,000 Nash Finch common shares
+between April 7 and June 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6825" NEWID="18989">
+<DATE>18-JUN-1987 18:23:25.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4910&#31;reute
+f f BC-REVLON-SAYS-IT   06-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REVLON SAYS IT REQUESTS NEW CONSENT AGREEMENT FROM
+GILLETTE
+
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6826" NEWID="18990">
+<DATE>18-JUN-1987 18:26:17.38</DATE>
+<TOPICS><D>gnp</D><D>jobs</D></TOPICS>
+<PLACES><D>italy</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f4915&#31;reute
+u f BC-ITALIAN-ECONOMIC-OUTL   06-18 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN ECONOMIC OUTLOOK LESS BRIGHT, OECD SAYS</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>Italy's economic outlook for 1987 and 1988
+is likely to be less favourable than last year with slightly
+lower growth, higher unemployment and an increased trade
+deficit, the Organisation for Economic Cooperation and
+Development (OECD) said.
+    But the OECD, in its half-yearly report, forecast a
+slightly lower inflation rate over the next two years. Last
+year Italy ranked as one of the OECD's fastest growing
+economies with Gross Domestic Product (GDP) growth at 2.7 pct.
+    The OECD said Italy's GDP may grow by three pct in 1987,
+but will then fall back to 2.5 pct in 1988.
+    The inflation rate will probably stabilise at around five
+pct during the projection period as a result of a turnaround in
+import prices, particularly oil, an acceleration in labour
+costs and the effects of domestic demand pressure, the report
+said.
+    This year, and to a lesser degree in 1988, domestic demand
+should be stimulated by buoyant growth in household consumption
+made possible by wage increases following pay negotiations.
+    Domestic demand pressure, coupled with the deterioration in
+Italian competitiveness, is likely to stimulate imports and
+adversely affect exports in 1987 and 1988. This could result in
+a sharp negative contribution to the currrent account.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6827" NEWID="18991">
+<DATE>18-JUN-1987 18:29:23.83</DATE>
+<TOPICS><D>trade</D><D>bop</D><D>gnp</D></TOPICS>
+<PLACES><D>france</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F 
+&#22;&#22;&#1;f4923&#31;reute
+r f BC-JAPAN-TRADE-SURPLUS-W   06-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TRADE SURPLUS WILL GROW AGAIN IN 1987, OECD</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>Japan's trade surplus is likely to
+continue to grow in 1987, as sales of Japanese goods abroad
+increase while domestic demand remains sluggish, the
+Organization for Economic Cooperation and Development (OECD)
+said.
+    In its latest half-yearly review of the world economy, the
+OECD said Japan managed to considerably reduce its surplus last
+year, when domestic demand grew by four pct in 1986 while
+export markets rose by only two pct.
+    But it said this differential between the growth of
+domestic and foreign demand would reverse in 1987 and 1988,
+"thus weakening the international adjustment process."
+    It forecast a slowing in domestic growth to little over two
+pct but with a rise in exports of 3.3 pct in 1987 and 3.6 pct
+in 1988. As a result, the current account surplus in 1987 will
+rise to 95 billion dlrs from 86 billion in 1986, although in
+1988 it should fall back to 87 billion dlrs.
+    The OECD outlook did not take account of the 6,000 billion
+yen package announced last month to stimulate domestic demand
+and increase imports to Japan. However, OECD officials said the
+measures will significantly strengthen domestic demand, quite
+possibly exceeding one pct GNP when the full effects have
+worked through, and thus will provide some stimulus to imports.
+    The OECD outlook said, "Continued large current account
+surpluses and the further build-up of an already-substantial
+net external asset position could well lead to upward pressure
+on the yen." It said that further appreciation could then lead
+manufacturers to postpone their investment plans and thus
+weaken domestic growth.
+    The OECD said Japan's Gross National Product was likely to
+gorw an annual two pct in 1987 and 1988, below 1986's 2.5 pct
+growth. But it said Japan would continue its good performance
+on inflation, with a zero figure expected in 1987 compared to a
+0.6 pct rise in consumer prices last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6828" NEWID="18992">
+<DATE>18-JUN-1987 18:29:49.57</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C 
+&#22;&#22;&#1;f4926&#31;reute
+d f AM-TRADE   06-18 0130</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S.-CANADA TIES SEEN WORSE WITHOUT TRADE PACT</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>U.S.-Canadian ties could worsen if
+the two nations are unable to reach a free trade pact,
+according to a study published by two nonpartisan public policy
+research groups.
+    The Cato Institute of Washington and the Fraser Institute
+of Vancouver said removing the remaining tariffs on cross
+border trade would benefit both countries.
+    But Cato chairman William Niskanen added "the two nations'
+generally harmonious trade relations are probably not
+sustainable without a new agreement."
+    The United States and Canada, whose cross-border trade
+totaled about 125 billion dlrs last year, have been holding
+talks since last June on a pact to end the few trade barriers
+remaining between their two countries.
+    The U.S. put a deadline on the talks of October 1, but both
+sides have said an agreement is likely despite tough bargaining
+remained.
+    Niskanen said if no pact is reached, bilateral trade ties
+could deteriorate because of Congressional pressure on
+President Reagan to implement trade laws more aggressively, and
+this could hit some Canadian trade practices.
+    He noted Canada is seeking foreign investment in its auto
+industry, which could put strains on the considerable bilateral
+free trade in U.S. and Canadian autos and parts.
+    Niskanen also said the Canadian government is vulnerable to
+a resurgence of economic nationalism which could restrict U.S.
+exports to Canada.
+    A free trade pact, backed by President Reagan and Prime
+Minister Brian Mulroney, would open new markets for Canada and
+enable its industries to achieve economies of scale, which
+would also help it widen exports worldwide, he said.
+    It would also increase the gross national products of both
+countries.
+    Niskanen said the goal of a pact should be to end all
+tariffs within 10 years, lower subsidies on exports, set rules
+for trade in services and investments, end curbs on government
+procurement and agree ways to resolve trade disputes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6829" NEWID="18993">
+<DATE>18-JUN-1987 18:30:53.23</DATE>
+<TOPICS><D>gnp</D><D>jobs</D><D>cpi</D></TOPICS>
+<PLACES><D>france</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f4933&#31;reute
+u f BC-ECONOMIC-GROWTH-SEEN   06-18 0123</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIC GROWTH SEEN SLUGGISH IN BENELUX COUNTRIES</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>Economic growth will remain sluggish in
+the Netherlands and Belgium next year and unemployment may
+rise, the Organisation for Economic Cooperation and Development
+forecast.
+    Belgium's GDP growth may slow down to 1.5 pct this year and
+next year, bringing a rise in the number of jobless, the OECD
+said in its semi-annual survey. Belgian inflation could
+stabilise at 1.5 to 2.0 pct, while the current account surplus
+will probably remain large at about three pct of GDP.
+    While the Belgian government has made progress in trimming
+its borrowing requirement, "it will probably be insufficient to
+check the self-sustaining nature of the deficit," the OECD said.
+    In the Netherlands real GDP growth will also slip to 1.5
+pct this year and one pct in 1988, with Dutch exports becoming
+less competitive and imports rising. "Employment is forecast to
+decelerate as well, reflecting more sluggish growth in the
+private sector and budgetary cuts," the report said.
+    Dutch consumer prices are set to fall by 0.5 pct in 1987
+and stay stable in 1988, partly as a result of declining
+domestic gas prices.
+    Luxembourg's economy, by contrast, will see slightly faster
+growth in GDP this year as a result of an upward movement in
+wages. But real growth in consumption will ease next year.
+REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6830" NEWID="18994">
+<DATE>18-JUN-1987 18:31:56.82</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>france</D><D>turkey</D><D>spain</D><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f4936&#31;reute
+u f BC-SOUTHERN-EUROPE-HAS-S   06-18 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN EUROPE HAS STRONG DOMESTIC DEMAND GROWTH</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>Strong growth in domestic demand was a key
+feature of the economies of southern European countries in
+1986, though the growth is seen slowing this year and next, the
+Organisation for Economic Cooperation and Development said.
+    In its semi-annual report, the OECD said Portugal's total
+domestic demand growth would decline from 7.6 pct last year to
+five pct in 1987 and 3.75 pct in 1988 as slower wage growth
+restrained private consumption.
+    Turkey's economy grew much faster than expected in 1986 and
+domestic demand surged 10.5 pct, but this growth was expected
+to be halved to five pct next year.
+    In Spain, buoyant domestic demand, led by fixed investment,
+had been the driving force behind rapid growth in Gross
+Domestic Product. Both fixed investment and private consumption
+were expected to ease during 1988 but would still remain
+strong.
+    The OECD forecast that Spanish imports would rise sharply
+next year, reflecting strong demand, entry to the European
+Community and declining competitiveness.
+    In Greece, inflation was forecast to turn downwards
+following an increase early this year linked with the
+introduction of Value Added Tax and a surge in food prices due
+to cold weather.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6831" NEWID="18995">
+<DATE>18-JUN-1987 18:33:11.14</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>france</D><D>sweden</D><D>denmark</D><D>norway</D><D>iceland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f4941&#31;reute
+u f BC-OECD-SAYS-HIGH-WAGE-D   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD SAYS HIGH WAGE DEALS HARMING NORDIC STATES</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>High wage settlements in Nordic countries
+threaten to cut exports and reduce the international
+competitiveness of their industries, the Organisation for
+Economic Cooperation and Development (OECD) said.
+    In Denmark, the OECD said wage settlements concluded in
+early 1987 were likely to contribute to a marked deterioration
+in competitiveness. Sweden's competitive position was also seen
+at risk from accelerating wages.
+    The OECD predicted that domestic demand would come under
+pressure from tight fiscal policy in Denmark, as well as
+Norway, Sweden and Finland.
+    Overall economic growth will vary in the different
+countries between 1986 and 1988, the OECD semi-annual report
+said.
+    After a strong rise of 7.8 pct in 1986, total domestic
+demand in Norway was seen falling by 1.5 pct in 1987 and one
+pct the following year. Denmark was also expected to see a
+slump in domestic demand. The report said growth in Gross
+Domestic Product (GDP) was likely to speed up slightly in
+Sweden and Finland in 1987 and 1988, while declining in Denmark
+and Norway.
+    Iceland needs to try harder to implement its new economic
+strategy if any more progress is to be made towards sustained
+and balanced non-inflationary growth, the OECD said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6832" NEWID="18996">
+<DATE>18-JUN-1987 18:34:28.71</DATE>
+<TOPICS><D>gnp</D><D>jobs</D><D>bop</D></TOPICS>
+<PLACES><D>usa</D><D>france</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F 
+&#22;&#22;&#1;f4946&#31;reute
+r f BC-OECD-URGES-ACTION-TO   06-18 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OECD URGES ACTION TO CUT U.S. BUDGET DEFICIT</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>The United States should take urgent
+action to cut its crippling budget deficit, including possible
+reductions in non-defense spending, higher taxes and curbs on
+growth of the defense budget, the Organization for Economic
+Cooperation and Development said.
+    The OECD, in its semi-annual review of the world economy,
+said a failure of the Reagan Administration and Congress
+quickly to agree on measures to cut the deficit "could seriously
+affect confidence, both in the United States and elsewhere."
+    It predicted that the federal deficit in fiscal 1987,
+running until September 30 this year, would substantially
+overshoot both the Balanced Budget Act's target of 144 billion
+dlrs and official U.S. Estimates in February of 175 billion.
+    "The OECD projection, which is based on assumptions of
+slower growth, higher interest rates and actual data for the
+first half of the financial year, is for a deficit of about 190
+billion dollars," it said.
+    While this would be 30 billion lower than last year's
+deficit, much of the improvement would be due to corporate tax
+increases being introduced before income tax cuts take effect.
+    The U.S. Economic growth rate is expected to edge up to
+2.75 pct next year from 2.5 pct this year and last.
+    In contrast to the last two years, more competitive exports
+boosted by the fall in the dollar should help GNP growth.
+    Unemployment should continue to fall slowly as the service
+sector continues to create jobs. But inflation appears to be
+heading higher, partly due to the lower dollar, with consumer
+prices forecast to rise four pct this year and 4.5 pct next
+year after just 2.1 pct in 1986.
+    "Monetary and fiscal policy appear to be the key factors
+behind the avoidance of recession," the report said.
+    The current account balance of payments deficit is expected
+to be still around a high 125 billion dlrs next year, after
+hitting a projected record 147.25 billion this year, it said.
+    In Canada economic growth is expected to pick up slightly
+to around 2.75 pct in 1988 from 2.5 pct this year, but will
+still be below levels seen in recent years. Inflation is
+expected to slow to 3.5 pct next year from 3.75 pct this year,
+unemployment should edge down to nine pct in 1988 from 9.25 pct
+this year.
+    Canada's current account deficit is projected to shrink to
+around four billion U.S. Dlrs this year and to remain at about
+that level in 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6833" NEWID="18997">
+<DATE>18-JUN-1987 18:39:37.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f4957&#31;reute
+r f BC-MARK'S-WORK-WEARHOUSE   06-18 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARK'S WORK WEARHOUSE &lt;(MWW.TO> 1ST QTR LOSS</TITLE>
+<DATELINE>    CALGARY, Alberta, June 18 - </DATELINE><BODY>Period ended May 2
+    Shr loss four cts vs loss three cts
+    Net loss 397,000 vs loss 330,000
+    Revs 32.1 mln vs 30.4 mln
+    Note: Full name Mark's Work Wearhouse Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6834" NEWID="18998">
+<DATE>18-JUN-1987 18:40:19.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4958&#31;reute
+r f BC-PLAYBOY-&lt;PLA>-GETS-LI   06-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLAYBOY &lt;PLA> GETS LICENSING PACT IN INDIA</TITLE>
+<DATELINE>    CHICAGO, June 18 - </DATELINE><BODY>Playboy Enterprises Inc said its Playboy
+Licensing unit has entered into an agreement with Fashionport
+Private Ltd of India to market Playboy and Playmate fashions
+and accessories in India, the Middle East and several Eastern
+bloc countries.
+    Fashionport will produce men's and women's apparel, leather
+garments, footwear, small leather goods and accessories, it
+said.
+    Fashionport is based in Bombay, India. No other details
+were available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6835" NEWID="18999">
+<DATE>18-JUN-1987 18:42:54.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4962&#31;reute
+f f BC-REVLON-SAYS-IT   06-18 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REVLON SAYS IT IS WILLING TO WAIVE PRICE PROTECTION
+PROMPTLY UNDER CERTAIN CONDITIONS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6836" NEWID="19000">
+<DATE>18-JUN-1987 18:45:02.67</DATE>
+<TOPICS><D>gnp</D><D>jobs</D><D>cpi</D></TOPICS>
+<PLACES><D>france</D><D>japan</D><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F Y 
+&#22;&#22;&#1;f4964&#31;reute
+u f BC-JOINT-ACTION-IS-VITAL   06-18 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOINT ACTION SAID VITAL TO BOOST WORLD GROWTH</TITLE>
+<DATELINE>    PARIS, June 18 - </DATELINE><BODY>Prospects for world economic growth remain
+very sluggish, and coordinated action by western governments is
+urgently needed to restore business confidence, stabilize
+currencies and encourage investment, the Organization for
+Economic Cooperation and Development (OECD) said here.
+    "The economic situation has deteriorated in recent months,
+and ... Slow growth, high unemployment and large payments
+imbalances are likely to persist," it said in one of its
+gloomiest reviews of the world economy in recent years.
+    The gross national product (GNP) of the 24-nation bloc of
+western industrialised countries is forecast to grow by only
+2.25 pct both this year and next, even slower than last year's
+2.5 pct growth rate.
+    "We would like to see the aggregate for the OECD area
+comfortably exceeding three pct," David Henderson, head of the
+OECD's economics and statistics department, said.
+    The OECD said that the dollar fall had led to rising
+inflation expectations and higher interest rates in the U.S.,
+Combining with world trade imbalances and the huge third world
+debt problem to increase the risks of a world economic
+downturn.
+    "At the same time, many of the conditions for faster growth
+remain favorable," it said, citing low inflation in most major
+countries, healthy corporate finances, generally lower interest
+rates, improvements in state budget positions and more flexible
+labor markets.
+    But private sector confidence had been undermined by
+uncertainties over exchange rates, it said, and warned that "for
+confidence to be restored, it is important for governments
+swiftly to implement internationally-agreed commitments."
+    This was a clear reference to last February's Louvre accord
+of the Group of Five nations plus Canada, analysts said.
+    The OECD said that apparent disagreements among major
+countries on implementation of the Louvre accord had helped to
+undermine business confidence, and called on more active fiscal
+policies from the U.S., West Germany and Japan to slow demand
+in the U.S. And raise it in the other two countries.
+    Henderson said the 6,000 billion yen package announced
+recently by the Japanese government to encourage public works
+and cut taxes would make a significant contribution to this
+process, though it was too early to estimate its precise
+impact.
+    He said the measures will help strengthen Japan's domestic
+demand significantly, quite possibly exceeding one pct of GNP.
+    The inflation outlook, while broadly satisfactory, has
+worsened in recent months, with OECD consumer prices forecast
+to rise 3.5 pct this year and 3.75 pct in 1988 after a 2.8 pct
+increase in 1986.
+    There is no prospect for any significant improvement in the
+unemployment situation over the next 18 months, with the
+average rate expected to stabilize at 8.25 pct, similar to last
+year.
+    The OECD called for efforts to liberalize world
+agricultural markets through switching farm subsidies away from
+price guarantees and other measures linked to production
+towards direct income support for farmers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-019.sgm b/textClassication/reuters21578/reut2-019.sgm
new file mode 100644
index 0000000..b474fbd
--- /dev/null
+++ b/textClassication/reuters21578/reut2-019.sgm
@@ -0,0 +1,31536 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6837" NEWID="19001">
+<DATE>18-JUN-1987 18:46:13.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4966&#31;reute
+u f BC-BEVERLY-HILLS-COP-II   06-18 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEVERLY HILLS COP II TOPS 100 MLN AT BOX OFFICE</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Gulf and Western Inc's &lt;GW> Paramount
+Pictures Corp division said its movie "Beverly Hills Cop II"
+has topped the 100 mln dlr mark at the box office on the 29th
+day of its North American release.
+    Paramount said the the movie has become the fastest movie
+to hit the 100 mln dlr mark with an "R" rating, which means
+that anyone under 17 must be accompanied by their parents.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6838" NEWID="19002">
+<DATE>18-JUN-1987 18:46:33.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4968&#31;reute
+s f BC-TRANSAMERICA-CORP-&lt;TA   06-18 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICA CORP &lt;TA> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    SAN FRANCISCO, June 18 -
+    </DATELINE><BODY>Qtly div 44 cts vs 44 cts
+    Pay July 31
+    Record July 3
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6839" NEWID="19003">
+<DATE>18-JUN-1987 18:48:35.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f4972&#31;reute
+d f AM-POLICY   06-18 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE CALLS HIGHER JAPAN DEFENSE SPENDING</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The House today supported a call for
+Japan to boost its defense spending to help share the burden of
+protecting Western interests in sensitive areas around the
+world, including in the Gulf.
+    House member approved a measure that would require
+Secretary of State George Shultz to enter into talks with Japan
+on increasing Japanese defense spending to at least 3 pct of
+its gross national product.
+    The measure, passed during consideration of the 1988-89
+State Department funding bill would not require an increase,
+but legislators called on Japan to spend more on defense. The
+Senate must approve the measure before it becomes law.
+    "We don't have to bash the Japanese. We have to show them
+how to share the burden of the defense of the free world," said
+Rep. Robert Dornan, a California Republican.
+    The amendment calls on Shultz to enter into talks with
+Japan with the aim of reaching agreement on one of two
+alternatives: either Japan can spend 3 pct of its GNP on
+defense by itself or give the equivalent amount of money to the
+United States as a kind of security fee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6840" NEWID="19004">
+<DATE>18-JUN-1987 18:55:48.68</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f4988&#31;reute
+f f BC-OECD-SEES-1.5-PCT-WES   06-18 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> OECD SEES 1.5 PCT WEST GERMAN REAL GNP GROWTH IN 1987
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6841" NEWID="19005">
+<DATE>18-JUN-1987 18:56:07.09</DATE>
+<TOPICS><D>gnp</D><D>cpi</D><D>bop</D></TOPICS>
+<PLACES><D>france</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>oecd</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f4990&#31;reute
+u f BC-AUSTRALIA-SET-TO-GROW   06-18 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA SET TO GROW, BUT UNEMPLOYMENT MAY RISE</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>Australia's economy should manage modest
+growth over the next two years after a sharp slowdown but
+unemployment could still edge upwards, the Organisation for
+Economic Cooperation and Development (OECD) said.
+    The organisation's latest half-yearly report says Gross
+Domestic Product will grow by 2.5 pct this year and by 2.75 pct
+in 1988 compared with only 1.4 pct in 1986. The growth will be
+helped by higher stockbuilding and stronger domestic demand
+following tax cuts and higher real wages, it added.
+    The report forecasts a decline in inflation, with consumer
+prices increasing by 8.5 pct this year and 6.25 pct in 1988.
+    The current account deficit shows signs of easing slightly
+and could narrow to 12 billion dlrs by the end of 1988.
+    While predicting slightly stronger growth than last year,
+however, the report revises downwards the OECD's earlier growth
+forecast for 1987 of 3.75 pct.
+    The OECD predicts a similar combination of modest economic
+growth and rising unemployment for New Zealand, which is
+struggling to recover from a major economic crisis.
+    The country's GDP, which contracted by 0.6 pct last year,
+should again show growth over the next two years, rising by
+0.25 pct this year and a more substantial 2.75 pct in 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6842" NEWID="19006">
+<DATE>18-JUN-1987 19:03:26.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f4996&#31;reute
+u f BC-/SQUIBB-&lt;SQB>-SAID-NO   06-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SQUIBB &lt;SQB> SAID NOT INTERESTED IN BUYING CETUS</TITLE>
+<AUTHOR>    BY MARJORIE SHAFFER, REUTERS</AUTHOR>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Robert Fildes, president and chief
+executive of Cetus Corp &lt;CTUS.O>, told Reuters that Squibb Corp
+is not interested in buying Cetus.
+    Earlier the companies said Squibb would buy from Cetus a
+five pct equity postion in Cetus for about 40 mln dlrs.
+    "This is not an attempt by Squibb to become a major
+majority holder in Cetus," Fildes told Reuters in an interview.
+"Squibb has not approached us with any indication that they
+want to acquire us and we wouldn't be interested in that kind
+of arrangement," said Fildes.
+    Squibb could not be reached to comment on the late comments
+by Fildes.
+    Squibb is Cetus' first pharmaceutical partner and the only
+one to own an equity position in Cetus. Eastman Kodak Co &lt;EK>
+and W.R. Grace &lt;WR> both have joint ventures with Cetus, but
+neither owns an equity position in the company, said Fildes.
+    Cetus has a venture with Kodak to develp diagnostic
+products and with Grace to develop agricultural products.
+    Earlier, Squibb and Cetus announced in a joint statement 
+an agreement in principle to form a joint venture to develop
+new biotechnology products in several fields.
+   
+    As part of the deal Squibb will license several of Cetus'
+anticancer agents, including interleukin-2, in development.
+Squibb will sell the drugs only in Japan and other markets but
+not in North American and Western Europe.
+    "We wouldn't have done this deal had it not been understood
+that Cetus wants to build its own fully integrated business in
+North America and Europe," said Fildes.
+    He said Squibb was the good partner because Squibb has a
+major joint venture in Japan and has sales capabilities of its
+own in that market.
+   
+    Fildes said Cetus has shunned licensing arrangements with
+pharmaceutical companies because it wanted to build its own
+business. Many large corporations have invested in small
+biotech firms.
+    But Squibb's investment in Cetus is the first it has made
+in biotechnology. Fildes said that was attractive to Cetus
+because it wanted a partner that didn't have a relationship
+with a large number of other biotechnology companies."
+   
+    Fildes said his strategy was to have partners in non drug
+areas like diagnostics and agriculture, but to "keep the
+biggest developments in anticancer drugs to ourselves."
+    Fildes said the partnership with Squibb would be used to
+broaden the company's reach in such big money making areas
+as the cardiovascular, anti-infective and the anti-inflammatory
+markets.
+    Squibb is also investming 75 mln dlrs in Cetus' research
+over the next five years.
+   
+    "Squibb is putting up over 75 mln dlrs in research and
+development to make it happen, while the equity position part
+of the package is simply to demonstrate the seriousness of this
+partnership," said Fildes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6843" NEWID="19007">
+<DATE>18-JUN-1987 19:44:15.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f5022&#31;reute
+b f BC-NBC-SAYS-IT-WILL-IMPL   06-18 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NBC SAYS IT WILL IMPLEMENT CONTRACT JUNE 29</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>The National Broadcasting Co, a unit of
+General Electric Co &lt;GE>, said it intends to implement on June
+29 a labor contract rejected by union represenatives.
+    A spokesman for the National Association of Broadcast
+Employees and Technicians, represening 2,800 workers, said its
+negotiating committee adopted a formal resolution today stating
+it will inform NBC it will strike upon implementation.
+    "The union will have to decide what action it thinks is
+appropriate," said Day Krolik, NBC's vice president for labor
+relations. A union spokesman said NBC has until the day of
+implemetation to peacefully negotiate a contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6844" NEWID="19008">
+<DATE>18-JUN-1987 19:50:03.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f5025&#31;reute
+u f BC-FORMER-SHEARSON-&lt;SHE>   06-18 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER SHEARSON &lt;SHE> OFFICIAL PLEADS GUILTY</TITLE>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>Mark Stahl, 45, who was a former senior
+vice president of Shearson Lehman Brothers, until his
+suspension on April 16, today admitted in U.S. District court
+here, embezzling almost 19 mln dlrs from his firm over the past
+year.
+    He entered a guilty plea before United States District
+Court Judge Vincent Broderick to four specific charges totaling
+1,031,000 dlrs on wire fraud.
+    Stahl, who was a senior vice president for finance, told
+the judge that the total embezzlement amounted to "a little
+less than" 19 mln dlrs.
+   
+    Through an attorney, Stahl agreed to make restitution to
+Shearson Lehman of all the embezzled funds if possible. However
+his guilty pleas today to the four counts will cover all
+criminal liability of the embezzlement that occurred between
+April 1986 to last April.
+    Judge Broderick scheduled sentencing for December nine.
+    Stahl faces a maximum sentence of 20 years in jail and one
+mln dlrs in fines, or both.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6845" NEWID="19009">
+<DATE>18-JUN-1987 19:53:55.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f5027&#31;reute
+u f BC-TRI-STAR-PICTURES-INC   06-18 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRI-STAR PICTURES INC &lt;TRSP.O> 1ST QTR MAY 31</TITLE>
+<DATELINE>    NEW YORK, June 18 -
+    </DATELINE><BODY>Shr four cts vs four cts
+    Net 1,180,000 vs 902,000
+    Revs 146.9 mln vs 37.0 mln
+    Avg shrs 33 mln vs 23.9 mln
+    NOTE: Company changed its fiscal year from December 31 to
+the last day of February, thus results of operations for the
+year-ago period have been restated to reflect this change.
+    Current first quarter includes results of operations of
+Loews Theatre Management Corp which Tri-Star acquired December
+31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6846" NEWID="19010">
+<DATE>18-JUN-1987 20:07:05.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM 
+&#22;&#22;&#1;f5035&#31;reute
+f f BC-CANADA-BUDGET-DEFICIT   06-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA BUDGET DEFICIT DECLINE TO SLOW IN LATE 1980S -
+OFFICIAL           
+ Reuter
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6847" NEWID="19011">
+<DATE>18-JUN-1987 20:07:10.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM E 
+&#22;&#22;&#1;f5036&#31;reute
+f f BC-CANADA-UPS-CORPORATE   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA LIFTS CORPORATE TAX REVENUES BY FIVE BILLION DLRS
+OVER FIVE YEARS - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6848" NEWID="19012">
+<DATE>18-JUN-1987 20:07:45.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F RM 
+&#22;&#22;&#1;f5037&#31;reute
+f f BC-WILSON-CUTS-PERSONAL   06-18 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WILSON CUTS PERSONAL TAX RATES, LIMITS CAPITAL GAINS
+EXEMPTIONS
+ Reuter
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6849" NEWID="19013">
+<DATE>18-JUN-1987 20:08:00.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM E 
+&#22;&#22;&#1;f5038&#31;reute
+f f BC-CANADA-UPS-FINANCIAL   06-18 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA LIFTS FINANCIAL INSTITUTION AVERAGE TAX RATE TO
+21.3 PCT FROM 14.5 PCT - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6850" NEWID="19014">
+<DATE>18-JUN-1987 20:12:23.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V E RM 
+&#22;&#22;&#1;f5040&#31;reute
+u f BC-WILSON-TO-HIKE-CORPOR   06-18 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA TO INCREASE CORPORATE TAX REVENUES</TITLE>
+<DATELINE>     OTTAWA, June 18 - </DATELINE><BODY>Canada will increase corporate tax
+revenues by about five billion dlrs over the next five years by
+broadening the tax base and allowing fewer exemptions, finance
+minister Michael Wilson said.
+     As Wilson previously promised, he said corporations will
+bear an increased tax burden, despite new measures to lower
+overall tax rates.
+     Increased corporate revenues will result from broadening
+the tax base and eliminating special tax exemptions.
+     "The jobs of many Canadians depend on a corporate income
+tax system that is competitive with other countries,
+particularly the United States," Wilson said in a prepared
+speech to the House of Commons.
+     "And it (tax reform) will ensure that profitable
+corporations carry a bigger share of the total tax burden," he
+added.
+     Federal tax revenue from corporations will increase by 470
+mln dlrs in the fiscal year ending March 31, 1988, 410 mln dlrs
+in fiscal 1989 and 1.19 billion dlrs in fiscal 1990, according
+to documents tabled with Wilson's speech.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6851" NEWID="19015">
+<DATE>18-JUN-1987 20:15:24.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V E RM 
+&#22;&#22;&#1;f5041&#31;reute
+u f BC-CANADA-FINANCIAL-TAX   06-18 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA FINANCIAL TAX RATE INCREASED</TITLE>
+<DATELINE>     OTTAWA, June 18 - </DATELINE><BODY>The average tax rate for Canadian
+financial insitutions will increase to 21.3 pct from 14.5 pct
+under the new tax reform package, the federal finance
+department said.
+     The amount of financial institutions' income that is taxed
+will also increase to 74.0 pct from 48.7 pct, it said in
+documents tabled with finance minister Michael Wilson's
+prepared speech to the House of Commons.
+     Under Wilson's plan, the federal government will collect
+1.36 billion dlrs more over the next five years from financial
+insitutions, including banks, trust mortgage and life insurance
+companies, according to finance department documents.
+     Financial institutions "are going to complain, but we
+believe the changes are appropriate and affordable," said one
+finance department official who asked not to be identified.
+     Ottawa will collect more revenue from financial
+institutions by reducing the amount of reserves they can deduct
+from taxes, which "will broaden the tax base for this low tax
+paying sector," the finance department said.
+     Among the changes, chartered banks will no longer be able
+to use a five-year averaging formula to calculate loan losses
+that may be deducted for tax purposes.
+     Effective June 17, 1987, banks will deduct bad or doubtful
+loans during the year they are incurred.
+     The finance department said the impact of the new
+provisions will be cushioned over a period of five years.
+     The changes are needed to ensure that all financial
+companies are taxed fairly under deregulation of the financial
+services industry.
+     "It would be inconsistent for the tax system to continue
+to provide different reserves for tax purposes for institutions
+competing in the same marketplace," the finance department
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6852" NEWID="19016">
+<DATE>18-JUN-1987 20:20:39.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V E RM 
+&#22;&#22;&#1;f5048&#31;reute
+u f BC-OTTAWA-WIDENS-SALES-T   06-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OTTAWA WIDENS SALES TAX, STUDIES REPLACEMENT</TITLE>
+<DATELINE>     OTTAWA, June 18 - </DATELINE><BODY>Canada will broaden a federal sales tax
+levied on manufacturers before scrapping the system in favor of
+a broad based, multi-staged sales tax, finance minister Michael
+Wilson said.
+     As expected, Wilson did not include a new sales tax system
+as part of his wide-ranging tax reforms tabled in the House of
+Commons today.
+    Instead, the federal government will make interim changes
+to the existing sales tax to make it more fair for low and
+middle income Canadians.
+    "The present (sales) tax is fundamentally flawed. It is a
+hidden, arbitrary and capricious tax," Wilson told the House of
+Commons.
+    The existing federal sales tax system hurts the Canadian
+economy by putting more tax on Canadian produced goods than
+imported goods and adding a hidden tax on Canadian exports that
+makes them less competitive, Wilson said.
+     Interim changes effective January 1, 1988 will include:
+     -- applying the federal sales tax to marketing companies
+related to manufacturers
+     -- levying the tax at the wholesale level instead of the
+manufacturer for a selected range of products
+     -- applying a 10 pct sales tax to telecommunication
+services, except for residential telephone lines
+     -- quicker collection of federal sales taxes.
+     To offset these changes for low income Canadians,
+refundable tax credits will be increased to 70 dlrs from 50
+dlrs for adults and to 35 dlrs from 25 dlrs for children, the
+finance department said.
+     Ottawa is considering three alternative forms for a new
+sales tax, including a goods and services tax, a value added
+tax and a national sales tax that would combine existing
+federal and provincial levies into one system, Wilson told the
+House of Commons.
+     He said the federal government will explore the
+possibility of one national sales tax with Canada's 10
+provincial governments. All provinces except Albeta now levy a
+provincial sales of tax of varying amounts.
+     Wilson said one joint system would be simpler for
+taxpayers and maximize economic benefits of tax reform.
+     If Ottawa and the provinces can't agree on a national
+sales tax system, Wilson said the federal government will
+consider either a goods and services tax or a value-added tax.
+     A goods and services tax would apply at one rate to
+virtually all goods and services in Canada and would include
+further increases in refundable tax credits for low and middle
+income Canadians, the finance department said in documents
+accompanying Wilson's speech.
+     A federal value-added tax, similar to European tax
+systems, would also be broad based but would allow more
+flexibility to exempt selected goods and services, the
+department said. The finance deparment said the main drawback
+of a value added tax is that it would be more complex and
+costly to implement than the other two proposals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6853" NEWID="19017">
+<DATE>18-JUN-1987 20:28:39.01</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V E RM 
+&#22;&#22;&#1;f5055&#31;reute
+u f BC-CANADIAN-BUDGET-DEFIC   06-18 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FALL IN CANADIAN BUDGET DEFICIT TO SLOW</TITLE>
+<DATELINE>    OTTAWA, June 18 - </DATELINE><BODY>Finance Minister Michael Wilson said tax
+reform will not affect his determination to reign in
+expenditures, but his forecasts show a slowing of the decline
+in the budget deficit in the late 1980s.
+    "Responsible tax reform must be fiscally responsible,"
+Wilson said in a speech prepared for the House of Commons.
+    Wilson estimated the deficit will fall to 29.3 billion dlrs
+in the year ending March 31, 1988, the same level as he
+forecast in the February budget.
+    And in the year ended this past March, the deficit was
+expected to have been one billion dlrs lower than the 32
+billion dlr shortfall originally forecast, Wilson said.
+    Wilson said in the current 1988 fiscal year
+higher-than-anticipated spending, particularly in farm income
+support programs, will be offset by higher-than-anticipated
+revenues.
+    But finance department documents show the pace of deficit
+reduction was expected to slow temporarily in fiscal 1989 and
+1990 as a result of lower oil and grain prices and the
+transition to the reformed taxation system.
+    The deficit is expected to total 28.9 billion dlrs in
+fiscal 1989 and 28.6 billion dlrs in 1989 and then fall to 26.1
+billion dlrs in 1991.
+    Wilson was optimistic about the outlook for the Canadian
+economy, forcasting gross domestic product would expand 2.8 pct
+this year and 3.0 pct in 1988. In 1986 the economy grew by an
+actual 3.1 pct.
+    Inflation, meanwhile, is expected to stabilize at around
+the current four pct level over the next two years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6854" NEWID="19018">
+<DATE>18-JUN-1987 20:33:47.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V E RM 
+&#22;&#22;&#1;f5060&#31;reute
+u f BC-CANADA'S-WILSON-SETS   06-18 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA'S WILSON SETS NEW PREFERRED SHARE TAX</TITLE>
+<DATELINE>    OTTAWA, June 18 - </DATELINE><BODY>Finance Minister Michael Wilson tabled a
+ways and means motion to immediately impose a special tax on
+preferred share dividends to eliminate a significant loss of
+corporate tax revenue.
+    Under the motion, which is used to introduce most financial
+tax changes, dividends on all preferred shares issued after
+June 18 will be taxable.
+    The issuing corporation will be able to choose between two
+forms of tax, one that imposes a 25 pct tax on dividends with a
+subsequent additional 10 pct tax paid by the shareholder, and
+one that imposes a flat 40 pct tax on dividends.
+    "Measures to reduce the tax advantages of after-tax
+financing arrangements using preferred shares are a critical
+step in achieving the broadened corporate tax base required to
+fund personal income tax reductions," Wilson explained.
+    The minister said many profitable corporations, using
+various deductions built up over the years, pay no taxes,
+although they are in a position to pay dividends out of their
+profits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6855" NEWID="19019">
+<DATE>18-JUN-1987 20:35:36.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V E RM 
+&#22;&#22;&#1;f5063&#31;reute
+u f BC-CANADA-SETS-WIDE-RANG   06-18 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA SETS WIDE-RANGING PERSONAL TAX CHANGES</TITLE>
+<DATELINE>    OTTAWA, June 18 - </DATELINE><BODY>Finance Minister Michael Wilson unveiled
+a wide-ranging reform of the personal tax system that includes
+limiting the capital gains exemption and a sharp cut in the
+dividend tax credit.
+    With most changes effective at the first of next year,
+Wilson also announced he was cutting the number of tax brackets
+from 10 to three.
+    He said the changes will cut personal tax revenues by two
+billion dlrs in 1988 and by more than 11 billion dlrs over the
+next five years.
+    "Most Canadians will pay lower taxes because of two
+far-reaching changes. A new structure of federal income tax
+rates and the conversion of exemptions and deductions to tax
+credits," Wilson told the House of Commons.
+    The new tax brackets will be 17 pct on the first 27,500
+dlrs of taxable income, 26 pct on the next 27,500 dlrs and 29
+pct on taxable income in excess of 55,000 dlrs. The maximum tax
+rate is 34 pct under the current system.
+    In a major reversal of his own initiative, Wilson said the
+controversial 500,000 dlrs capital gains exemption will be
+reduced to 100,000 dlrs over an investors' lifetime.
+    Wilson introduced the exemption shortly after taking office
+in 1984 as a a way of stimulating investment, but it was
+sharply criticized by the opposition as over-generous to
+wealthy investors.
+    The 500,000 dlr lifetime exemption  will be kept on the
+sale of farm land and for small businesess, however.
+    Also, the taxable portion of a capital gain will increase
+from 50 pct currently to 66-2/3 pct in 1988 and 75 pct in 1990.
+    The dividend tax credit will be reduced from 33-1/3 pct to
+25 pct and the deduction for up to 1,000 dlrs of interest and
+dividend income will be eliminated in 1988.
+    Wilson said tax treatment for registered retirement savings
+plan contributions will be maintained but the phase in of the
+increase in the maximum limit to 15,500 dlrs will be delayed 
+four years to 1994.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6856" NEWID="19020">
+<DATE>18-JUN-1987 20:48:32.87</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f5072&#31;reute
+f f BC-ANZ-BANKING-GROUP-SAY   06-18 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ANZ BANKING GROUP SAYS IT WILL CUT PRIME RATE TO 16.00
+PCT FROM 16.50 ON JUNE 22
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6857" NEWID="19021">
+<DATE>18-JUN-1987 21:07:33.30</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f5083&#31;reute
+f f BC-Japan-still-asking-in   06-18 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan still asking institutions to limit speculative dlr
+deals - Miyazawa
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6858" NEWID="19022">
+<DATE>18-JUN-1987 21:09:30.49</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f5084&#31;reute
+b f BC-ANZ-BANKING-GROUP-CUT   06-18 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANZ BANKING GROUP CUTS PRIME RATE TO 16.00 PCT</TITLE>
+<DATELINE>    MELBOURNE, June 19 - </DATELINE><BODY>The Australia and New Zealand Banking
+Group Ltd &lt;ANZA.S> said it will cut its prime rate to 16.00 pct
+from 16.50, effective June 22.
+    The cut takes the ANZ's prime to the lower end of the range
+of prime rates being offered by Australian trading banks. The
+highest rate is 17.50 pct.
+    The cut follows announcements of cuts yesterday by
+&lt;Citibank Ltd> to 16.00 pct from 16.5, effective today, and
+&lt;Commonwealth Bank of Australia> to 15.75 pct from 16.25,
+effective June 24.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6859" NEWID="19023">
+<DATE>18-JUN-1987 21:15:11.47</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f5087&#31;reute
+b f BC-JAPAN-STILL-WANTS-SPE   06-18 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN STILL WANTS SPECULATIVE DLR DEALS LIMITED</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>The Finance Ministry is still asking
+financial institutions to limit speculative dollar dealings,
+Finance Minister Kiichi Miyazawa told reporters.
+    He was responding to rumours in the New York currency
+market overnight that the Ministry was reducing its pressure on
+institutions to refrain from excessively speculative dollar
+dealings.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6860" NEWID="19024">
+<DATE>18-JUN-1987 21:32:28.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE><D>gandhi</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f5094&#31;reute
+u f BC-GANDHI-PARTY-BADLY-DE   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANDHI PARTY BADLY DEFEATED IN INDIA STATE POLL</TITLE>
+<DATELINE>    NEW DELHI, June 19 - </DATELINE><BODY>Prime Minister Rajiv Gandhi's Congress
+(I) party was swept from power in the northern state of Haryana
+by an opposition landslide.
+    The loss was a major personal setback for Gandhi whose
+vote-winning ability was on trial after political scandals in
+Delhi and a string of electoral losses since he took command of
+the party in 1984.
+    With 53 results in for Haryana's 90-seat assembly, Congress
+had won only two seats against 63 previously. Before the poll,
+Congress politicians in Delhi said privately that a loss in
+Haryana could open a party leadership debate.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6861" NEWID="19025">
+<DATE>18-JUN-1987 21:34:55.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f5096&#31;reute
+u f BC-SOUTH-KOREA-THREATENS   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREA THREATENS EMERGENCY MEASURES</TITLE>
+<DATELINE>    SEOUL, June 19 - </DATELINE><BODY>The government will take emergency
+measures if the present wave of violent protest demonstrations
+continues, state radio said.
+    The radio, which did not specify the measures, said the
+decision was taken today at a meeting of top ministers and
+security officials attended by Prime Minister Lee Han-key. It
+said a special statement would be made shortly.
+    Thousands of demonstrators took to the streets of Seoul and
+other cities yesterday, battling riot police and demanding the
+resignation of President Chun Doo Hwan. It was the ninth
+successive day of violent protests.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6862" NEWID="19026">
+<DATE>18-JUN-1987 21:56:40.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f5107&#31;reute
+r f BC-COURT-ORDERS-INT'L-ME   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT ORDERS INT'L MEDICAL INSURER TO SHOW CAUSE</TITLE>
+<DATELINE>    TALLAHASSEE, Fla., June 18 - </DATELINE><BODY>A Circuit Court judge ordered
+the company that insured the solvency of International Medical
+Centres Inc to show cause why it should not honour its contract
+with International, according to Florida's Department of
+Insurance, which had filed a petition on the matter.
+    As previously reported, International, the largest health
+maintenance organisation in Florida was declared insolvent on
+May 14. Federal regulators had also told the company its
+Medicare contract would be terminated on July 31 because of the
+company's financial and management problems.
+    Michelle McLawhorn, Florida Department spokeswoman, said
+International's insurer, State Mutual Life Assurance Co of
+America, had made clear it would fight activation of the policy
+because International did not provide it with accurate
+financial records. State Mutual could not be reached for
+comment.
+    McLawhorn said it was not yet known how many creditors
+International had or how big its debt was. The court gave State
+Mutual 20 days to show why it should not be obliged to pay
+claims against the solvency policy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6863" NEWID="19027">
+<DATE>18-JUN-1987 22:26:37.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>sarney</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f5137&#31;reute
+u f BC-BRAZIL-RULING-PARTY-T   06-18 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL RULING PARTY TO DECIDE ON PRESIDENTIAL TERM</TITLE>
+<DATELINE>    BRASILIA, June 18 - </DATELINE><BODY>The ruling Brazilian Democratic
+Movement Party (PMDB) will hold a national convention on July
+18 and 19 to discuss the length of the Presidential term, a
+PMDB spokesman said.
+    Although the country's constitution allows for a six-year
+term, Sarney said he would remain only five years after he came
+to power in 1984.
+    The Constituent Assembly is drawing up a new constitution
+and severe economic problems have increased the pressure on it
+to call early elections. A faction of the PMDB favours a poll
+in November next year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6864" NEWID="19028">
+<DATE>18-JUN-1987 22:33:01.85</DATE>
+<TOPICS><D>money-supply</D><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f5141&#31;reute
+u f BC-FED-DATA-SUGGEST-NO-C   06-18 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED DATA SUGGEST NO CHANGE IN MONETARY POLICY</TITLE>
+<AUTHOR>    By Kathleen Hays, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 18 - </DATELINE><BODY>New U.S. Banking data suggest the
+Federal Reserve is guiding monetary policy along a steady path
+and is not signalling any imminent change of course, economists
+said.
+    But they also said that if money supply growth remains
+weak, as this week's unexpected eight billion dlr M-1 decline
+suggests it may, this could influence the Fed to loosen its
+credit reins and move toward a more accommodative monetary
+policy.
+    A Reuter survey of 17 money market economists produced a
+forecast of a 600 mln dlr M-1 decline for the week ended June
+8, with estimates ranging from a gain of one billion dlrs to a
+decline of four billion. Instead, M-1 fell eight billion dlrs
+to 745.7 billion dlrs at a seasonally adjusted annual rate.
+    Coming on the heels of a 4.3 billion decrease in M-1 for
+the week ended June 1, this means the nation's money supply has
+fallen more than 12 billion dlrs in the past two weeks,
+economists said.
+    "M-1 has hit an air pocket of weakness," said Bill Sullivan
+of Dean Witter Reynolds Inc.
+    While M-1 may have lost its significance as an indicator of
+economic growth, Sullivan said Fed officials might be concerned
+the latest drop in M-1 means another month of sluggish growth
+in the broader monetary aggregates, M-2 and M-3, which are seen
+as better gauges of economic growth.
+    Latest monthly M-2 and M-3 data showed that as of May, both
+measures were growing at rates below the bottom of the Fed's
+5-1/2 to 8-1/2 pct target ranges.
+    If money growth does not accelerate, Fed officials,
+concerned that this indicates economic growth is flagging,
+could turn toward easier monetary policy, economists said.
+    "Does this mean that the Fed abandons its current open
+market position? No," Sullivan said. "But does this mean the end
+of tightening for the time being? Definitely yes."
+    Economists said average adjusted discount window borrowings
+of 385 mln dlrs for the latest two-week bank statement period
+were lower than they had expected. Most believed the Fed had
+targetted a two-week borrowings average of around 500 mln dlrs.
+    But they said that if it had not been for a large one-day
+net miss in the Fed's reserve projections, the higher
+borrowings target would probably have been reached.
+    A drop in May U.S. Housing starts and continued weakness in
+auto sales show key sectors of the U.S. Economy are lagging,
+while a recent modest 0.3 pct gain in May producer prices has
+helped dispel inflation fears, Slifer said.
+    "If this continues, we can entertain the notion of Fed
+easing at some point," he said.
+    Other economists said the Fed would probably pay little
+attention to weak money supply growth. "It has been a number of
+years since M-1 has given good signs of what's going on in the
+economy," one said. "I don't think M-1 shows that the economy is
+falling apart and the Fed should ease."
+    Economists agreed a stable dollar will continue to be a
+prerequisite for any move by the Fed toward easier monetary
+policy.
+    They said the Fed is reluctant to lower short-term rates
+for fear this would spur expectations of a weaker dollar and
+higher inflation which would push up long-term yields and choke
+off econmomic growth.
+    But Sullivan said the dollar has been steady since late
+April. "The Fed has to determine if this represents a
+fundamental change for the dollar. If it does, then this gives
+them more room to ease," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6865" NEWID="19029">
+<DATE>18-JUN-1987 22:34:58.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f5142&#31;reute
+b f BC-NATIONAL-SEMICONDUCTO   06-18 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL SEMICONDUCTOR CORP &lt;NSM> FOURTH QUARTER</TITLE>
+<DATELINE>    SANTA CLARA, Calif., June 18 -
+    </DATELINE><BODY>Shr profit six cents vs loss 10
+    Net profit 8.1 mln dlrs vs loss 7.1 mln
+    Sales 511.9 mln vs 397.8 mln
+    Avg shrs 97.0 mln vs 90.5 mln
+    YEAR
+    Shr loss 38 cents vs loss 1.10 dlrs
+    Net loss 24.6 mln dlrs vs loss 91.5 mln
+    Sales 1.87 billion vs 1.48 billion
+    Avg shrs 91.7 mln vs 89.8 mln
+    NOTE - Current year figure includes previously announced 15
+mln dlr restructuring charge.
+    Figures include extraordinary credit from tax benefit of
+4.2 mln dlrs in quarter vs 2.3 mln a year earlier and 4.2 mln
+for year vs 5.6 mln year earlier.
+    The 1986 year net reflects 51.2 mln dlr gain from
+cumulative effect of accounting change.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6866" NEWID="19030">
+<DATE>18-JUN-1987 23:12:09.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f5168&#31;reute
+u f BC-NATIONAL-SEMICONDUCTO   06-18 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL SEMICONDUCTOR &lt;NSM> SEES IMPROVED YEAR</TITLE>
+<DATELINE>    SANTA CLARA, Calif., June 18 - </DATELINE><BODY>National SemiConductor Corp,
+which earlier reported a profitable fiscal fourth quarter after
+a year ago loss, said it expects improved financial performance
+during its new fiscal year.
+    The company reported a profit of 8.1 mln dlrs in the
+quarter ended May 31, after a loss of 7.1 mln dlrs in the year
+ago period.
+    The company said orders for its core businesses have
+improved, adding "Our strong balance sheet and the improved
+business environment should enable us to improve our financial
+performance during our new fiscal year."
+    The company said that during the fourth quarter both its
+semiconductor group and its information systems group had
+higher sales and improved operating performance than in the
+prior quarter and the year-earlier quarter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6867" NEWID="19031">
+<DATE>18-JUN-1987 23:19:19.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f5172&#31;reute
+u f BC-OKLAHOMA-THRIFT-PLACE   06-18 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OKLAHOMA THRIFT PLACED UNDER RECEIVERSHIP</TITLE>
+<DATELINE>    WASHINGTON, June 18 - </DATELINE><BODY>The Federal Home Loan Bank Board
+(FHLBB) today placed &lt;Investors Federal Bank> of El Reno,
+Oklahoma under receivership and transferred its 97.8 mln dlrs
+in assets to the &lt;Investors Savings and Loan Association>.
+    An FHLBB statement said the thrift was insolvent and "had
+substantially dissipated its assets," mainly by participating in
+large commercial real estate developments. It said it violated
+federal laws and regulations on loan documentation, loans to
+directors and conflict of interest. The sucessor organisation
+is a federal savings and loan to be managed under contract by
+Sunwood Management Corp of Parker, Colorado.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6868" NEWID="19032">
+<DATE>18-JUN-1987 23:26:43.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f5175&#31;reute
+u f BC-MITSUBISHI-ELECTRIC-T   06-18 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI ELECTRIC TO ASSEMBLE PC'S IN U.S.</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Mitsubishi Electric Corp &lt;MIET.T> plans to
+assemble personal computers in the U.S. To counteract the
+imposition of a 100 pct import tax in April and a drop in
+profits due to the yen's appreciation against the dollar, a
+company spokesman told Reuters.
+    It will assemble 16-bit MP-286 and 32-bit MP-386 desk-top
+computers at its wholly-owned computer and computer-related
+equipment sales unit &lt;Mitsubishi Electronics America Inc> in
+Torrance, California at a rate if 10,000 a month, he said. This
+will include 2,000 TO 3,000 to be sold in the U.S. Under the
+Mitsubishi name, he said without giving more details.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6869" NEWID="19033">
+<DATE>18-JUN-1987 23:30:02.35</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>singapore</D><D>brunei</D><D>indonesia</D><D>malaysia</D><D>philippines</D><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f5177&#31;reute
+u f BC-SHULTZ-WARNS-ASEAN-OF   06-18 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHULTZ WARNS ASEAN OF LOOMING TRADE PROBLEM</TITLE>
+<DATELINE>    SINGAPORE, June 19 - </DATELINE><BODY>U.S. Secretary of State George Shultz
+warned members of the Association of Southeast Asian Nations
+(ASEAN) they could no longer rely on increased exports to the
+U.S. For growth.
+    "Given the importance of exports, particularly export
+manufactures, to all of your countries, you are going to have
+to work hard to diversify your markets," he said.
+    "While you may be able to maintain your current market share
+in the U.S., You clearly will not be able to look to the U.S.
+To take major increases in your exports," he added.
+    Shultz told the foreign ministers of Brunei, Indonesia,
+Malaysia, the Philippines, Singapore and Thailand the U.S.
+Would cut its huge foreign trade deficit more rapidly than many
+now believed.
+    He said ASEAN's looming trade problems would not
+necessarily stem from protectionist legislation now being
+contemplated by Congress, "but simply because of the adjustments
+the U.S. Economy will have to make in order to service our
+large and growing external debt."
+    Shultz said the U.S. Deficit had resulted not from falling
+exports but from higher imports that had fuelled world growth.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6870" NEWID="19034">
+<DATE>18-JUN-1987 23:52:30.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE><D>keating</D><D>hawke</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f5192&#31;reute
+u f BC-AUSTRALIA'S-OPPOSITIO   06-18 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIA'S OPPOSITION FACES SETBACK ON TAX PLAN</TITLE>
+<AUTHOR>    By Francis Daniel, Reuters</AUTHOR>
+<DATELINE>    SYDNEY, June 19 - </DATELINE><BODY>The conservative opposition, already
+fighting an uphill election battle, now faces controversy in
+its own ranks over a possible error in its major tax cutting
+program, economists said.
+    Professor Michael Porter, architect of the tax plan,
+declined to refute Treasurer Paul Keating's charge that the
+opposition miscalculated tax and expenditure cuts by several
+billion dollars. Economists said the opposition, trailing
+behind Labour in opinion polls, would find its chances further
+diminished if its tax policy was a miscalculation.
+    The tax plan, unveiled by opposition leader John Howard
+last week, is the cornerstone of the Liberal Party's economic
+strategy to oust the Labour Party in the July 11 poll.
+    Keating has said the Howard tax plan would sharply increase
+the budget deficit to more than nine billion dlrs and severely
+damage Australia's economy, already overburdened with balance
+of payments and foreign debt problems.
+    In his mini-budget on May 13, Keating said the budget
+deficit for the year ending June 1988 would be between two and
+three billion dlrs.
+    Porter, a key member of the opposition economic think tank,
+said he played a leading role in formulating the tax plan but
+not Howard's proposed expenditure savings, which Keating
+claimed were distorted through double counting.
+    Some opposition members said there appeared to be errors,
+but a Liberal Party spokesman refused comment, saying the
+package was being reexamined.
+    "The whole thing is so deceitful," Prime Minister Bob Hawke
+said in a radio interview. "Howard has made a mess of it. If
+they can't govern themselves, how can they expect to govern the
+country?"
+    Hawke, who is seeking a third term, said the opposition had
+made the election one of the easiest for him.
+    "I've never felt more physically and mentally relaxed
+(during an election). We've no problems at all," he said.
+    The latest public opinion poll, published in the Melbourne
+Sun newspaper, showed Labour was leading the opposition by 12
+points, indicating a 66-seat majority for Hawke in parliament.
+    The Election Commission announced last night that 613
+candidates would contest the 148-seat House of Representatives,
+while 255 candidates would fight for the 76 Senate seats.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6871" NEWID="19035">
+<DATE>18-JUN-1987 23:58:21.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0001&#31;reute
+u f BC-FUJITSU,-FUJIAN-PROVI   06-18 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUJITSU, FUJIAN PROVINCE FORM JOINT VENTURE</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Fujitsu Ltd &lt;ITSU.T> said it signed a
+joint venture agreement with the Post and Telecommunication
+Administration Bureau of Fujian Province (PTABF), China to
+develop and sell software for the Fujitsu-designed digital
+telephone switching machine FETEX-150.
+    It said in a statement the joint company, &lt;Fujian Fujitsu
+Communications Software Ltd> located in Fuzhou city, was
+capitalised at about 10 mln yuan and was owned 51 pct by PTABF
+and 49 pct by Fujitsu.
+    It would create about 20 local jobs and has a target of
+annual software sales of 330 mln yen in 1992, Fujitsu said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6872" NEWID="19036">
+<DATE>18-JUN-1987 23:59:08.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0002&#31;reute
+u f BC-MITSUI,-ALLIANCE-IN-F   06-18 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUI, ALLIANCE IN FUND MANAGEMENT TIE-UP</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>&lt;Mitsui Investment Management Co Ltd>
+(MIMCL) and &lt;Alliance Capital Management International Inc>
+(ACMII) will sign an agreement late this month to cooperate in
+international fund management, a ACMII spokesman said.
+    MIMCL, 55-pct controlled by affiliated companies of Mitsui
+Bank Ltd &lt;MIBT.T>, will reconsign some of its foreign
+securities investment orders to ACMII, he told Reuters.
+    ACMII, the London-based 100 pct-owned subsidiary of
+&lt;Alliance Capital Management Corp> of New York, will reconsign
+some of its foreign orders to MIMCL and instruct MIMCL in
+international fund management techniques, the spokesman said.
+    Both firms were among 56 investment advisory companies
+granted Japanese government approval for discretionary fund
+management on June 10, the Mitsui spokesman said.
+    Alliance Capital Management Corp is the world's biggest
+firm devoted exclusively to fund management and has 35 billion
+dlrs in funds, he said.
+    Mitsui Investment Co Ltd, established two years ago,
+controls about 800 mln dlrs, 80 pct of which is invested in
+Japanese equities.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6873" NEWID="19037">
+<DATE>19-JUN-1987 00:05:03.32</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C 
+&#22;&#22;&#1;f0006&#31;reute
+u f BC-INDONESIA-RAISES-STAK   06-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA RAISES STAKE IN ALUMINIUM PLANT</TITLE>
+<DATELINE>    JAKARTA, June 19 - </DATELINE><BODY>Indonesia has increased its share in a
+434-billion-yen aluminium smelter joint venture with Japan from
+25 to 37 pct, Asahan Project Authority director A.R. Suhud
+said.
+    The Japanese Export-Import Bank said Indonesia had raised
+its share of (P.T. Indonesia Asahan Aluminium) company,
+capitalised in 1975 at 91 billion, by swapping 32 billion yen
+in government loans to the company for an equity stake.
+    The Japanese shareholders, the Overseas Economic
+Cooperation Fund and 12 companies, are to invest another 24
+billion yen raising capitalisation to 147 billion yen.
+    Asahan reported total losses of 97.6 billion rupiah between
+1982 and 1985. Suhud said much of the company's 320 billion yen
+debt had been caused by falling tin prices and the appreciation
+of the yen against the U.S. Dollar. Aluminium is sold in
+dollars.
+    Prices improved from 1,150 dlrs a tonne six months ago to
+about 1,450 dlrs today. The plant is supposed to break even if
+prices stay at 1,500 dlrs a tonne.
+    Sahud said the plant, with a capacity of 220,000 tonnes a
+year, would probably lose money again in 1987. The plant,
+situated in North Sumatra, produces mostly for Japan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6874" NEWID="19038">
+<DATE>19-JUN-1987 00:12:36.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0010&#31;reute
+u f BC-PHILIPPINE-STOCKS-SOA   06-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE STOCKS SOAR TO NEW HIGHS, RECORD VOLUME</TITLE>
+<AUTHOR>    By Greg Hutchinson, Reuters</AUTHOR>
+<DATELINE>    MANILA, June 19 - </DATELINE><BODY>Investors on Philippine stock markets
+have shrugged off growing communist activity in the cities to
+push share prices to all-time highs on record turnover, brokers
+said.
+    Regularly heavy trading of more than one billion shares a
+day has sent the Manila exchange's composite index soaring to
+775.9 from 577.2 points in just over three weeks.
+    Brokers described recent trading as "frantic" and "hectic" as
+trading records were smashed day after day.
+    A total 2.6 billion shares worth 259.4 million pesos
+changed hands on the main Manila and the less important Makati
+exchanges yesterday, with much of the activity among centavo
+priced stocks, brokers said. The turnover was more than double
+the record of 1.1 billion shares worth 118.1 million pesos set
+on Wednesday.
+    Brokers said rising gold prices caused mining shares to
+shoot up three weeks ago, and other sectors followed. Share
+prices continued their rise even when the gold price fell back
+to 450 dlrs an ounce, due to rising confidence in President
+Corazon Aquino's handling of the economy, they said.
+    Brokers said Aquino's handling of the 18-year-old communist
+insurgency and the maintenance of relatively low interest rates
+also contributed to the rise.
+    Blue chip stocks, such as those of San Miguel Corp and
+Philippine Long Distance Telephone Co (PLDT), have risen 25 pct
+in three weeks, and the trend is upward in the medium term
+although a temporary correction is overdue, they said.
+    Since the surge began on May 26, Manila's Mining index has
+risen to 5,700.4 points from 4,042.4, its commercial and
+industrial index has shot up to 881.0 from 694.9 points, and
+the oils indicator has increased to 4.1 from 2.9 points.
+    Market activity has been rising in spurts since Ferdinand
+Marcos was replaced by Aquino 16 months ago.
+    One broker said he thought the Philippine stock market "may
+at last have come of age."
+    Wilson Sy, president of Prudential Securities, a local
+stockbroking firm with Hong Kong affiliations, told Reuters,
+"Barring any unforeseen political events you can bet on the
+Philippine market. It has shrugged off the communist inroads
+into Manila."
+    Assassins have killed 52 policemen, soldiers and security
+guards in the capital this year.
+    Communist hitmen known as sparrows have claimed they killed
+22 of them.
+    Sy said Philippine stocks were undervalued in world terms
+with price-earnings ratios often half those in Hong Kong and
+one-sixth those in Japan. He said PLDT, which is also U.S.
+Listed, has a price-earnings ratio of about nine.
+    Sy predicted Manila's composite index would rise beyond
+1,000 points from its current 775.9 mark by year-end.
+    Other brokers were more cautious, saying Aquino had to
+improve peace and order before investors could treat the
+Philippines as they would Hong Kong or Tokyo.
+    One broker said he believed about 30 pct of the money going
+into stocks was now foreign, much of it from fund managers and
+their agents based in Hong Kong and New York.
+    Manila Stock Exchange chairman Robert Coyuito told Reuters,
+"If the peace and order situation really improved the market
+could move beyond a price-earnings ratio of 20 times."
+    "But all depends on how Congress performs and the local
+elections go," he said.
+    A new two-chamber legislature was elected last month and is
+due to sit on July 27. Local elections are scheduled for
+November.
+    PLDT shares closed at 630 pesos a share yesterday, 30 pesos
+above Wednesday's record close. PLDT share prices have risen
+about nine-fold in 18 months.
+    San Miguel shares closed at 190 pesos, also a historic
+high, brokers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6875" NEWID="19039">
+<DATE>19-JUN-1987 01:04:05.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0043&#31;reute
+u f BC-CANADIAN-TAX-REFORM-C   06-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN TAX REFORM CALLED AN IMPORTANT STEP</TITLE>
+<AUTHOR>    By Larry Welsh, Reuters</AUTHOR>
+<DATELINE>    OTTAWA, June 18 - </DATELINE><BODY>Canada's sweeping tax reform package,
+announced today, is an important step towards a fairer system,
+but is not as bold a revamp of the tax structure as some had
+expected, economists and business leaders said.
+    "It's the biggest step towards tax reform we've taken in a
+great many years," Merrill Lynch Canada Inc chief economist
+Michael Manford told Reuters.
+    "But the system is the same old system with a lot of
+important changes, as opposed to a brand new system," he added.
+(See spotlight index page on ECRA)
+    Manford said changes introduced by Finance Minister Michael
+Wilson did not go far enough in simplifying the federal tax
+system. They represent evolutionary rather than revolutionary
+reform.
+    "Overall, I thought that it was a more timid step than we
+were led to believe," he said.
+    Wilson's move to increase money collected from corporations
+while cutting individual taxes "is probably an acceptable shift,"
+said Bill James, president of Falconbridge Ltd, an
+international mining company.
+    Wilson spread corporate tax increases fairly evenly across
+the corporate sector, James said. "So it's not going to hit
+anyone too hard and we will remain competitive."
+    Wilson said in his speech to the House of Commons that
+Canada's tax system needed to be changed to compete with
+sweeping reforms in the United States last year.
+    "The critical thing on the corporate side is that Wilson
+moved most of the taxes much closer to the U.S. System," Manford
+said.
+    The federal government increased taxes paid by corporations
+by about five billion dlrs over the next five years, but
+lowered personal taxes by 11 billion dlrs in the same period.
+    Despite collecting more corporate taxes, Wilson was able to
+lower the tax rate on individual companies by removing many
+special tax exemptions and broadening the tax base.
+    Wilson's plan also reduced the capital cost allowance, used
+by companies to write off major investments, which some
+business spokesmen said will hurt business in the long run.
+    "That will affect some investment decisions negatively," said
+Laurent Thiebeault, Canadian Manufacturers Association
+president.
+    Tax analysts said for some industries it will take several
+days to assess the impact of the capital cost allowance
+reductions that will be made over a number of years.
+    As anticipated, Canada's opposition parties signalled they
+intend to fight the new tax measures as they are introduced in
+Parliament over the next few months.
+    "It's not tax reform, it's a tax grab," said Liberal leader
+John Turner.
+    Turner labelled changes to the federal sales tax "a money
+machine for the minister of finance."
+    Wilson broadened the federal sales tax to include
+additional products and also promised to introduce a
+broad-based, multi-staged sales tax.
+    "It's not at all a fair package and Canadians are going to
+see that very quickly," New Democratic Party leader Ed Broadbent
+said.
+    However, economist Manford said Wilson acted wisely to
+protect lower income Canadians by providing tax credits that
+will cut 850,000 people from the tax rolls.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6876" NEWID="19040">
+<DATE>19-JUN-1987 01:07:20.73</DATE>
+<TOPICS><D>money-fx</D><D>reserves</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0050&#31;reute
+u f BC-TAIWAN-DOLLAR-AND-RES   06-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN DOLLAR AND RESERVES SEEN RISING MORE SLOWLY</TITLE>
+<AUTHOR>    By Chen Chien-Kuo, Reuters</AUTHOR>
+<DATELINE>    TAIPEI, June 19 - </DATELINE><BODY>Recent government moves to curb capital
+inflow have temporarily helped to slow the rise of Taiwan's
+foreign exchange reserves and to stabilise the local dollar
+against the U.S. Currency, officials and bankers said.
+    Central bank governor Chang Chi-Cheng told reporters the
+reserves rose only about 500 mln U.S. Dlrs in the past two
+weeks and the local dollar appreciated more slowly against the
+U.S. Dollar.
+    Chang said, "The pace of increase in our reserves is much
+slower now than before and our currency is getting more stable."
+He said the reserves, mainly the result of the trade surplus
+with the U.S., Rose at the rate of two to three billion U.S.
+Dlrs a month between January and May.
+    The reserves, the world's third largest after Japan and
+West Germany, now total well over 60 billion U.S. Dlrs.
+    On June 2 the central bank froze overseas borrowings of
+local and foreign banks and cut the limit on central bank
+purchases of forward U.S. Dollars from banks to 40 pct from 90
+pct of the value of a contract.
+    Local and foreign bankers said the June 2 measures had
+drastically limited their ability to lend foreign exchange to
+importers and exporters.
+    They said their overseas borrowings and forward dollar
+transactions showed a drastic decline with some banks
+registering a fall of up to 30 pct.
+    Bank dealers said the Taiwan dollar has stabilised against
+the U.S. Currency this week after rising two to five Taiwanese
+cents a day between June 2 and 13 compared with a rise of five
+to eight cents in May.
+    The bank dealers said the central bank, which had
+previously bought U.S. Dollars heavily, sold at least 1.1
+billion U.S. Dlrs in the past two weeks to meet commercial
+demand.
+    They said they expected the government to keep the local
+dollar stable in the near term to give breathing space to
+businesses experiencing slower exports because of the rise of
+more than 23 pct in the value of the Taiwan dollar since
+September 1985.
+    The Taiwan dollar opened at 31.09 to the U.S. Dollar today,
+unchanged from yesterday.
+    Keh Fei-Lo, vice president of First Commercial Bank, said,
+"It appears the central bank's move to curb the capital inflow
+is quite successful."
+    Vice economic minister Wang Chien-Shien said the slower
+rise in foreign exchange reserves would help ease pressure from
+Washington over the large U.S. Trade deficit with Taiwan.
+    Over the past year Taiwanese businessmen have delayed
+imports of machinery and production equipment because of
+exchange rate uncertainty, he said. The stable exchange rate
+would help boost imports, particularly from the United States.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6877" NEWID="19041">
+<DATE>19-JUN-1987 01:23:58.25</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>japan</D><D>indonesia</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0063&#31;reute
+u f BC-JAPAN-APPROVES-AID-FO   06-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN APPROVES AID FOR INDONESIA, BRAZIL ALUMINIUM</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Japan's cabinet approved a plan to help
+financially-troubled aluminium ventures in Indonesia and
+Brazil, an official at the Ministry of International and Trade
+Industry (MITI) said.
+    Japan will invest 24 billion yen in &lt;PT Indonesia Asahan
+Aluminium> in addition to the 68.3 billion yen already invested
+in the company. The government and private interests will
+equally share the additional investment, he said.
+    They will also provide equal shares in 6.3 billion yen in
+new investment in the Albras Amazon aluminium project in
+Brazil, in addition to the 45.7 billion yen already invested.
+    The Japan Export-Import Bank will cut its rates on loans to
+Asahan and Albras to about five pct from about seven pct, the
+official said.
+    Interest rates on loans by Japan's private banks to the two
+projects are expected to be reduced to around five pct from the
+current seven to eight pct, but an agreement has yet to be
+reached, industry sources said.
+    Under the rescue scheme for Asahan, in which 91.1 billion
+yen has been invested, Indonesia will also extend another 32
+billion yen to the company.  This will raise Indonesia's
+investment ratio to about 40 pct from the current 25 pct.
+    The Brazilian government has already agreed to invest an
+additional 6.5 billion yen in Albras, in which investment now
+totals 93.2 billion yen, but its stake will not change from 51
+pct, the official said.
+    The sources said the rescue programs for the two projects
+were larger than earlier expected, reflecting Japan's desire to
+help develop the economies of Indonesia and Brazil and to
+stabilise sources of aluminium.
+    Japan depends on imports for more than 90 pct of its
+aluminium demand, which totals some 1.8 mln tonnes a year, they
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6878" NEWID="19042">
+<DATE>19-JUN-1987 01:38:31.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0069&#31;reute
+u f BC-MITSUI-BUYS-FIVE-PCT   06-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUI BUYS FIVE PCT STAKE IN U.S. CHIP MAKER</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Mitsui and Co Ltd &lt;MITS.T> paid 1.5 mln
+dlrs in early May for a five pct stake in &lt;Zoran Corp>, a
+California-based maker of large scale integrated circuits (LSI)
+with computer graphic, communications and medical applications,
+a Mitsui spokesman told Reuters.
+    He said the two firms will form a marketing company in
+Japan as early as next year, although details of the joint
+venture are not yet fixed. Mitsui expects last year's 10
+billion yen Japanese LSI market to grow quickly.
+    Zoran was founded in 1981 and now has about 100 employees,
+he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6879" NEWID="19043">
+<DATE>19-JUN-1987 01:59:21.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0081&#31;reute
+u f BC-JAPAN-REPORT-SAYS-FAU   06-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN REPORT SAYS FAULTY REPAIRS CAUSED JAL CRASH</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Faulty repairs and inadequate inspection
+caused the 1985 crash of a Japan Airlines Co Ltd &lt;JAPN.T> (JAL)
+Boeing 747 which killed 520 people, the Japanese government
+said in a final official report.
+    The clear cause of the crash was faulty repair work by the
+Boeing Co &lt;BA>, said Shun Takeda, the ministry of transport
+official leading the accident investigation committee.
+    But the report also criticised the ministry's inspectors
+for failing to carry out a full check of the repairs before
+signing the clearance sheet.
+    The aircraft hit Mount Osutaka, north of Tokyo, on August
+12, 1985, after a bulkhead separating the pressurised cabin
+from the unpressurised tail suddenly burst, fracturing key
+navigation systems. Only four people survived.
+    A Japan Air Lines spokesman declined comment on the report.
+Boeing is expected to release a statement later today.
+    The report cleared the JAL crew of all responsibility.
+    In a separate set of recommendations, the investigators
+said large aircraft operating in Japan should have fail-safe
+systems, but did not say how this should be done.
+    A press statement by a group of lawyers representing
+victims of the crash criticised the report for not dealing in
+greater depth with the fail-safe aspect.
+    The lawyers said Boeing had showed it believed the crash
+was due to design defects by specifying two design
+modifications to prevent a recurrence in a memorandum filed in
+King County, Washington, Superior Court last March 24.
+    They said similar official recommendations for fail-safe
+systems following two air disasters involving DC-10 aircraft,
+near Paris in 1974 and at Chicago in 1979, had been rejected
+after objections from aircraft manufacturers.
+    The government investigators asked the ministry to
+formulate concrete guidelines for its inspectors. An internal
+ministry memo earlier this year complained that inspectors were
+left too much on their own when making aircraft checks.
+    A Boeing team made repairs to the aircraft's aft bulkhead
+under JAL supervision, and Transport Ministry inspectors
+approved the repairs without actually seeing them, today's
+report said.
+    The inspectors were unable to check Boeing's work because
+the part repaired had been covered by a seal, the report said.
+    Over time, cabin pressurisation speeded up the process of
+metal fatigue in the repaired bulkhead.
+    Boeing issued an official statement on September 6, 1985,
+saying the 1978 repairs it had carried out were faulty. It did
+not link them with the crash.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6880" NEWID="19044">
+<DATE>19-JUN-1987 02:05:48.53</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0088&#31;reute
+u f BC-JAPAN'S-JUNE-INTERIM   06-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN'S JUNE INTERIM TRADE SURPLUS NARROWS</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Japan's custom-cleared trade surplus
+narrowed to 1.61 billion dlrs in the first 10 days of June from
+1.97 billion a year earlier, the Finance Ministry said.
+    The June interim surplus compares with a 1.76 billion dlr
+surplus in the same May period.
+    FOB exports in the first 10 days of June rose 17.6 pct from
+a year earlier to 6.05 billion dlrs while CIF imports rose 39.6
+pct to 4.44 billion.
+    The average yen/dollar rate used for the figures was 141.04
+yen against 169.03 a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6881" NEWID="19045">
+<DATE>19-JUN-1987 02:45:16.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0106&#31;reute
+u f BC-C.-ITOH-AND-CO-LTD-&lt;C   06-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C. ITOH AND CO LTD &lt;CITT.T></TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Year ended March 31
+    Group shr 18.83 yen vs 18.73
+    Net 20.07 billion vs 18.47 billion
+    Pretax 22.14 billion vs 25.36 billion
+    Operating 37.57 billion vs 51.57 billion
+    Sales 14,762 billion vs 15,900 billion
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6882" NEWID="19046">
+<DATE>19-JUN-1987 03:01:42.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0119&#31;reute
+u f BC-JAPAN-MACHINERY-ORDER   06-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MACHINERY ORDERS FALL IN APRIL</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Japan's private sector machinery orders,
+excluding shipbuilding, fell 10.4 pct in April from March to a
+seasonally adjusted 663.8 billion yen, after rising 17.6 pct in
+March, the government's Economic Planning Agency said.
+    April orders rose 2.0 pct from a year earlier after a 22.6
+pct year-on-year rise in March, an agency spokesman told
+Reuters.
+    Seasonally adjusted private sector orders, excluding those
+for shipbuilding and electric power firms, fell 7.5 pct in
+April from March to 517.4 billion yen, after a 5.7 pct rise in
+March from February.
+    April orders fell 1.3 pct from a year earlier after being
+unchanged in March.
+    The April drop was due mainly to a 12.9 pct decrease in
+orders from machine tool industries and a 15.3 pct drop in
+orders from car makers, the spokesman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6883" NEWID="19047">
+<DATE>19-JUN-1987 03:53:39.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0189&#31;reute
+u f BC-U.S.-SEEKS-JAPAN-HELP   06-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SEEKS JAPAN HELP IN EVENT OF 1988 RECESSION</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Senior U.S. Officials are looking to Japan
+for help in buttressing the world economy in the event of an
+American recession next year, Japanese government sources said.
+    During a visit to the U.S. Earlier this month, Economic
+Planning Minister Tetsuo Kondo was asked by both U.S. Federal
+Reserve chairman Paul Volcker and Council of Economic Advisers
+chairman Beryl Sprinkel what Japan could do if the U.S. Enters
+recession next year.
+    Although Sprinkel indicated that he personally did not
+expect a recession next year, Volcker seemed to acknowledge
+that an economic downturn was at least a possibility, the
+sources said.
+    Faced with with a huge budget deficit, the U.S. Has little
+room to manoeuvre on fiscal policy to counteract any downturn
+that might occur in 1988.
+    It is also hamstrung as far as monetary policy is concerned
+because U.S. Inflation is already showing some signs of picking
+up, one source said.
+    But Japan is also limited in what action it could take to
+help counteract a U.S. Recession without running the risk of
+overstimulating its domestic economy and pushing up inflation,
+the sources said.
+    Money supply growth is accelerating and interest rates are
+at record low levels. In May, M-2 money supply plus
+certificates of deposit grew at a year-on-year rate of 10.2
+pct, well above nominal GNP growth of four to five pct.
+    Some government sources are also worried that the recently
+announced 6,000 billion yen emergency economic package could
+push up land prices and the construction sector's inflation.
+    Public investment spending grew at a year-on-year rate of
+about 10 pct in April, but that could accelerate to 20 pct
+later this year under the impact of the emergency package, one
+source said.
+    The 6,000 billion yen package was generally well received
+in the U.S., Although U.S. Congressmen and businessmen told
+Kondo they wanted the measures implemented quickly, sources
+said.
+    The Japanese minister explained that the acceleration of
+public works spending in the package was taking place
+immediately, they said.
+    U.S. Congressmen were particularly interested in how much
+impact the package would have on reducing the bilateral trade
+imbalance, a question which Kondo was unable to answer clearly,
+given the many economic uncertainties involved, the sources
+said.
+    While recognizing that Japan's trade surplus is falling in
+terms of volume, some Congressmen expressed concern that it was
+not falling fast enough.
+     But the sources said no one pressed Kondo for a further
+rise of the yen as a solution to correcting the bilateral trade
+imbalance.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6884" NEWID="19048">
+<DATE>19-JUN-1987 03:59:02.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0194&#31;reute
+f f BC-Sainsbury's-says-it-t   06-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Sainsbury's says it taking control of Shaw's Supermarkets
+for 30 dlrs a share
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6885" NEWID="19049">
+<DATE>19-JUN-1987 04:08:37.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>indonesia</D><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0206&#31;reute
+u f BC-JAPAN-TO-MAKE-LOANS-T   06-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO MAKE LOANS TO INDONESIA AND BOLIVIA</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Japan will lend 27.17 billion yen to
+Indonesia and will share equally with the World Bank a 7.25
+billion yen loan to Bolivia as part of its efforts to help
+Third World countries, a Foreign Ministry spokesman said.
+    The lending is in line with Japan's plan to contribute 20
+billion dlrs over the next three years to developing countries.
+    Both loans will be used for development, the spokesman told
+Reuters. He declined to name terms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6886" NEWID="19050">
+<DATE>19-JUN-1987 04:11:27.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0207&#31;reute
+b f BC-SAINSBURY'S-TAKING-CO   06-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAINSBURY'S TAKING CONTROL OF SHAW'S SUPERMARKETS</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>J Sainsbury Plc&lt;SNB.L> said it agreed to
+take control of the U.S. Shaw's Supermarkets Inc through a
+combination of share purchases and a tender offer at 30 dlrs a
+share.
+    Sainsbury bought about 21 pct of the stock in 1983. It said
+its U.S. Subsidiary, Chene Investments Inc, bought 2.55 mln
+common shares from the controlling Davis family yesterday at 30
+dlrs a share for 76.5 mln dlrs, lifting its stake to 49.4 pct.
+    A tender offer for the outstanding shares will be launched,
+also at 30 dlrs a share for a maximum further cost of 184.4
+mln.
+    The Shaw's Board and the Davis family has agreed to accept
+the offer, thus assuring Sainsbury's a total holding of 74.0
+pct.
+    The company had allotted 20.18 mln new ordinary shares to
+&lt;Warburg Securities Ltd> which it said would be sufficient to
+finance about 188 mln dlrs of the maximum 261 mln dlrs payable.
+    Shaw's operates a chain of 49 supermarkets in
+Massachusetts, Maine and New Hampshire which in 1986 produced
+sales of 1.1 billiob dlrs and pretax profit of 31.1 mln. At the
+end of 1986 it had net assets of 88 mln dlrs.
+    Last September, Sainsbury's increased its stake in Shaw's
+to 28.5 pct. In the year to March 21, it reported a rise in
+pretax profit to 246.9 mln stg from 192.7 mln on sales that
+increased to 4.04 billion from 3.58 billion.
+    Sainsbury shares had fallen five pence before the
+announcement to 590p from last night's close but were unmoved
+by news of the deal.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6887" NEWID="19051">
+<DATE>19-JUN-1987 04:20:47.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0223&#31;reute
+u f BC-C.-ITOH-SEES-NO-GROWT   06-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C. ITOH SEES NO GROWTH IN 1987/88 GROUP PROFIT</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>C. Itoh and Co Ltd &lt;CITT.T> said its group
+net profit in the year ending March 31, 1988, is expected to be
+unchanged from a year earlier.
+    The prediction assumes a yen/dollar rate of 140 yen and a
+crude oil price of 18 dlrs a barrel, a company spokesman told
+Reuters. Sales in 1987/88 are estimated at 15,100 billion yen,
+up 2.3 pct from a year earlier.
+    The company earlier reported group net profit of 20.07
+billion yen in the year ended March 31, 1987, up 8.6 pct from a
+year earlier, helped by a drop in sales and administration
+costs and reduced interest charges.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6888" NEWID="19052">
+<DATE>19-JUN-1987 04:25:32.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0231&#31;reute
+r f BC-UBS-TO-SELL-25,000-SA   06-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UBS TO SELL 25,000 SANDOZ SHARES</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Union Bank of Switzerland (Securities)
+Ltd said it is lead managing the sale of 25,000 new bearer
+shares of Sandoz Ltd.
+    The shares closed in Zurich yesterday at 12,100 Swiss
+francs each. Final terms will be set on, or before, June 25.
+    The selling concession is two pct while management and
+underwriting each pays 3/4 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6889" NEWID="19053">
+<DATE>19-JUN-1987 04:25:41.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0232&#31;reute
+u f BC-ISUZU-MOTORS-LTD-&lt;ISU   06-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISUZU MOTORS LTD &lt;ISUM.T> SIX MONTHS TO APRIL 30</TITLE>
+<DATELINE>    TOKYO, June 19 -
+    </DATELINE><BODY>Parent shr loss 15.85 yen vs profit 2.02
+    Interim div nil vs nil
+    Net loss 12.92 billion vs profit 1.65 billion
+    Current loss 12.52 billion vs profit 4.44 billion
+    Operating loss 8.76 billion vs profit 6.52 billion
+    Sales 443.90 billion vs 528.03 billion
+    Outstanding shrs 815.10 mln vs 814.97 mln
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6890" NEWID="19054">
+<DATE>19-JUN-1987 04:31:03.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0237&#31;reute
+u f BC-ISUZU-DENIES-PLANS-TO   06-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISUZU DENIES PLANS TO IMPORT GM CARS TO JAPAN</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Isuzu Motors Ltd &lt;ISUM.T> has no plans to
+import cars made by General Motors Corp &lt;GM.N> to Japan, an
+Isuzu spokesman told Reuters.
+    The Japanese daily Yomiuri Shimbun reported that Isuzu had
+decided to import cars directly from GM.
+    Each month Isuzu's domestic distributors sell five to 10
+cars from GM's Buick, Chevrolet, and Oldsmobile range.
+    The cars are supplied by Yanase and Co Ltd, a Japanese
+importer and distributor.
+    Isuzu is owned 38.6 pct by GM.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6891" NEWID="19055">
+<DATE>19-JUN-1987 04:34:24.03</DATE>
+<TOPICS><D>ship</D><D>grain</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0241&#31;reute
+u f BC-BANGLADESH-NAVY-UNLOA   06-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH NAVY UNLOADS GRAINS DURING PORT STRIKE</TITLE>
+<DATELINE>    CHITTAGONG, Bangladesh, June 19 - </DATELINE><BODY>The navy is unloading
+foodgrains at Chittagong port following a strike by nearly
+1,000 dockworkers, Bangladesh Shipping Corp officials said.
+    The navy was unloading 74,000 tonnes of foodgrains from two
+ships today, and four vessels laden with some 90,000 tonnes of
+grains were waiting at the outer anchorage, port officials
+said.
+    A spokesman for the workers said they would continue their
+strike until authorities agree to their demands for higher pay
+and other benefits. The strike began on June 11.
+    "Unloading of grains and other essential commodities started
+normally after we called in navy personnel to help," a port
+official told Reuters.
+    "The strike has caused no serious dislocation," he said.
+    The government meanwhile declared the port jobs an
+"essential service" and said the strikers could be dismissed
+unless they end the strike soon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6892" NEWID="19056">
+<DATE>19-JUN-1987 04:37:40.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0246&#31;reute
+u f BC-FUJITSU-DEVELOPS-FAST   06-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUJITSU DEVELOPS FAST SIMULATION PROCESSOR</TITLE>
+<DATELINE>    TOKYO, June 19 -  </DATELINE><BODY>Fujitsu Ltd &lt;ITSU.T> has developed a
+simulation processor which will operate faster than any
+computer and will speed development of the next generation of
+computers, a spokesman told Reuters.
+    The simulation processor will halve the time needed for
+fault testing the millions of basic logic circuits incorporated
+in the latest computers, he said.
+    It can simulate the operation of as many as 530 mln logic
+elements a second if a maximum of 64 processors are
+interconnected. The simulation processor, which took four years
+to develop, will not be marketed, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6893" NEWID="19057">
+<DATE>19-JUN-1987 04:59:33.75</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0273&#31;reute
+u f BC-TAIWAN-BUYS-32,000-TO   06-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN BUYS 32,000 TONNES OF U.S. SOYBEANS</TITLE>
+<DATELINE>    TAIPEI, June 19 - </DATELINE><BODY>The joint committee of Taiwan's soybean
+importers awarded a contract to Cargill Inc of Minneapolis,
+Minnesota, for supply of one 32,000 tonne cargo of U.S.
+Soybeans, a committee spokesman told Reuters.
+    The cargo, priced at 249.10 U.S. Dlrs per tonne c and f
+Taiwan, is set for delivery before July 7, he said.
+    The committee cancelled a tender for another cargo because
+the prices offered by U.S. Suppliers were too high, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6894" NEWID="19058">
+<DATE>19-JUN-1987 05:08:38.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0286&#31;reute
+u f BC-JAPAN-LIFE-INSURERS-W   06-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN LIFE INSURERS WARY OF U.S. BOND INVESTMENT</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>The chairman of the Life Insurers
+Association told a press conference that life insurance
+companies  will increasingly diversify their investments away
+from U.S. Bonds to protect themselves against currency swings,
+an association spokesman said.
+    Terumichi Tsuchida said Japanese investment in U.S. Bonds
+is decreasing, but not drastically,
+    Life insurers are increasingly placing some of their funds
+in other currencies, including bonds in Canadian dlrs and in
+European currencies, he told the conference.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6895" NEWID="19059">
+<DATE>19-JUN-1987 05:09:06.97</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0287&#31;reute
+u f BC-AGENCY-HEAD-SAYS-JAPA   06-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AGENCY HEAD SAYS JAPAN SHOULD CUT RICE PRICE</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>The government should cut its consumer
+rice price if the official producer price is reduced next
+month, Tetsuo Kondo, director general of the government's
+Economic Planning Agency (EPA), told reporters.
+    Kondo said after a cabinet meeting that consumers should
+receive the benefits of the falling costs of rice farming due
+to the strong yen and lower oil prices.
+    Agriculture Ministry sources said the producer rice price
+paid to rice farmers would be cut after discussions by the Rice
+Price Council, an advisory body to the ministry, on July 1 and
+2. The consumer rice price is usually set in December.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6896" NEWID="19060">
+<DATE>19-JUN-1987 05:12:20.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0290&#31;reute
+u f BC-BOEING-HAS-NOT-YET-SE   06-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING HAS NOT YET SEEN FINAL JAL CRASH REPORT</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Boeing Co &lt;BA> said in a statement it has
+yet to see the official Japanese government report on the crash
+of a Japan Air Lines (JAL) Boeing 747 in which 520 died.
+    However, it said it had agreed with an earlier draft report
+that the accident was caused by incorrect repairs which
+remained undetected during scheduled inspections.
+    The final report, released today, said faulty repairs to
+the plane in 1978 by Boeing and inadequate inspection by
+Transport Ministry inspectors caused the 1985 crash, the worst
+single air disaster in aviation history.
+    Boeing said it did not believe a similar accident could
+occur under any foreseeable operating conditions but said it
+had made tests and provided equipment for new planes and for
+planes already in service to ensure it could not happen again.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6897" NEWID="19061">
+<DATE>19-JUN-1987 05:13:39.20</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D><D>bop</D><D>gnp</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0292&#31;reute
+u f BC-JAPAN-PANEL-URGES-WOR   06-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN PANEL URGES WORLD ECONOMIC ADJUSTMENTS</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Japan could avoid a sharp rise in the
+value of the yen against the dollar if Japan, the U.S. And
+other nations succeeded in restructuring their economies, an
+advisory panel to the government's Economic Planning Agency
+(EPA) said.
+    The advisory body said in its report that the yen would
+soar against the dollar if structural adjustments on a global
+basis were delayed.
+    An EPA official told Reuters the dollar could fall to
+slightly below 100 yen by 1993 if Japan and the U.S. Failed to
+restructure their economies.
+    The dollar's fall without structural adjustments would cut
+Japan's current account surplus to two pct of gross national
+product (GNP) in 1993, the report said. It said such a change
+would slow real GNP growth to an average of two pct annually
+during the seven-year period to 1993.
+    If the two nations restructured their economies, the dollar
+would remain stable in real terms, while reducing Japan's
+current-account surplus to 2.1 pct of GNP in 1993. This
+scenario put Japan's GNP growth at 3.5 pct a year.
+    It forecast real growth of three pct for the world economy
+and four pct for Japan by 2,000 if the adjustments were made.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6898" NEWID="19062">
+<DATE>19-JUN-1987 05:28:26.43</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0319&#31;reute
+u f BC-JAPAN-MUST-TRY-HARDER   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MUST TRY HARDER TO CUT SURPLUS - MINISTER</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Japan must try harder to reduce its trade
+surplus or the yen will come under renewed upward pressure,
+Economic Planning Minister Tetsuo Kondo.
+    He told a press luncheon he hoped Japan could cut its
+current account surplus by some 10 billion dlrs a year until it
+is reduced to some 50 to 60 billion dlrs. In the fiscal year
+ended March 31 the surplus totalled 93.76 billion dlrs, or
+about 4.5 pct of GNP.
+    The 6,000 billion yen economic stimulation package the
+government unveiled late last month would help slash Japan's
+current account surplus by five to six billion dlrs, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6899" NEWID="19063">
+<DATE>19-JUN-1987 05:30:26.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0322&#31;reute
+u f BC-SWISS-URGE-CLOSING-LO   06-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS URGE CLOSING LOOPHOLES IN BANK REGULATION</TITLE>
+<DATELINE>    BERNE, June 19 - </DATELINE><BODY>The loopholes in Swiss banking supervision
+must be closed in a step-by-step manner, Swiss National Bank
+Vice-President Markus Lusser said.
+    The integration of financial markets had blurred the
+distinction between banks and bank-like finance companies, and
+the varying degree of regulation of the two sectors had a
+destablizing effect, he told the Association of Foreign Banks.
+    "It is in the interest of all market participants that these
+institutes (finance companies) be brought as soon as possible
+under banking supervision," he said in remarks prepared for
+delivery to the association's annual meeting.
+    It was important, however, that bringing finance companies
+under the banking law did not undermine Switzerland as a
+financial marketplace, Lusser said.
+    "It is decisive for its future that it succeeds in
+attracting and holding a wide variety of banks, financial
+intermediaries and financial experts," he said.
+    Lusser also urged greater harmonization of regulatory
+practice with other countries in view of the integration of
+world markets and the internationalization of the banking
+business.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6900" NEWID="19064">
+<DATE>19-JUN-1987 05:32:14.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0326&#31;reute
+u f BC-TOKYO-STOCKS-SEEN-HEA   06-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO STOCKS SEEN HEADING FOR POSSIBLE CORRECTION</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>The Tokyo stock market will probably not
+make significant gains next week and may suffer a temporary
+correction, brokers said.
+    Dashed hopes of a further cut in Japan's 2.5 pct discount
+rate cut and a growing conviction the dollar will remain firm
+against the yen in the near-term has created a measure of
+uncertainty over the market's future, brokers said.
+    "Everybody is just trying to think through things and see
+exactly what is going on," said a broker at Sanyo Securities Co
+Ltd. "There is a lot of confusion," he added.
+    This uncertainty was spotlighted by violent swings in stock
+prices over the last two days. Today the 225-share average
+ended 462.43 points lower at 25,288.12.
+    "People expect a correction next week. They don't care if
+the market falls to 24,000," the Sanyo broker said. "There is
+always enough money waiting to get into the market to fill any
+correction."
+    Tokyo stock prices owe a major part of their two-year bull
+run to repeated cuts in the discount rate, which diverts money
+from bank deposits to the stock market and cuts the cost of
+borrowing, boosting domestic demand and imports.
+    "Fund managers are restructuring their investment portfolios
+to sell domestic-related issues and include a few more
+exporters," said Prudential Bache Securities' Hank Sawa.
+    Tokyo-based foreign exchange dealers predict the dollar is
+unlikely to fall sharply in the near term, thus convincing
+stock market investors to buy electronics, precision
+instrument, machinery and some other export-oriented
+manufacturing shares, brokers said.
+    "Some people are awaiting the results of proposed
+protectionist U.S. Trade legislation in July for clues to the
+currency direction," a broker at Daiwa Securities Co Ltd said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6901" NEWID="19065">
+<DATE>19-JUN-1987 05:37:39.86</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0338&#31;reute
+u f BC-THAI-SMELTER-FACES-TI   06-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI SMELTER FACES TIN CONCENTRATE SUPPLY SHORTAGE</TITLE>
+<DATELINE>    BANGKOK, June 19 - </DATELINE><BODY>Thailand's major tin exporter and
+producer &lt;Thailand Smelting and Refining Co> (Thaisarco) said
+it may be unable to meet all its overseas orders because of
+insufficient supplies of tin concentrates from Thai mines.
+    Local mines cut combined daily tin concentrate sales to
+Thaisarco, a Royal Dutch/Shell Group &lt;RD.AS> unit, to less than
+20 tonnes earlier this month from a previous 40 to 45 tonne
+average, commercial manager Yoot Eamsa-ard told Reuters.
+    He said the cuts resulted from a government decision to let
+the temporary business and municipal tax reductions on exported
+tin lapse on June 3.
+    The taxes, levied on the tin mines, rose to 4.4 pct this
+month from 1.1 pct ad valorem over the past year. The lower
+levels had been introduced last year as a temporary move to aid
+the tin industry after prices collapsed in late 1985.
+    Yoot said Thaisarco had to dig into its stocks to meet a
+large portion of new overseas orders which were averaging 100
+tonnes per day.
+    As a result, he said, Thailand could fail to fill some
+3,000 tonnes of its 19,000 tonne tin export quota allocated by
+the Association of Tin Producing Countries (ATPC) for the year
+ending February 1988.
+    Reduced tin exports this year could cause the ATPC to
+allocate a lower quota next year, Yoot said.
+    The supplies shortage should prove temporary, however,
+because the Thai cabinet is expected to review a Mineral
+Resources Department proposal to reinstate the low taxes late
+this month, Yoot said.
+    The department said Thailand exported 7,715 tonnes of tin
+during January/May compared with 8,462 tonnes a year ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6902" NEWID="19066">
+<DATE>19-JUN-1987 05:43:47.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0347&#31;reute
+u f BC-OLYMPUS-SEES-12-PCT-R   06-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLYMPUS SEES 12 PCT RISE IN 1986/87 CURRENT PROFIT</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Olympus Optical Co Ltd &lt;OOPT.T> predicted
+parent company current profit of 5.50 billion yen in the year
+ending October 31, 1987, up 12 pct from a year earlier,
+assuming a yen/dollar rate of 147 yen in the second half, a
+company spokesman told Reuters.
+    Sales in 1986/87 are estimated at 122 billion yen, up 0.9
+pct from a year earlier.
+    But net profit will fall 71.7 pct to three billion yen in
+1986/87 from a year earlier when the company made a 10.59
+billion net profit due to sales of real estate assets worth
+seven billion yen, the spokesman said.
+    The precision instrument maker will retain 13 yen dividend
+for 1986/87, the spokesman said.
+    It earlier reported parent company net profit of 1.34
+billion yen in the six months ended April 30, down 85.5 pct
+from a year earlier, on sales of 60.92 billion, down 0.1 pct.
+    The poor net was mainly due to a fall to 45 mln yen in
+extraordinary profit in the first half, against 7.70 billion of
+such profit a year earlier, due mainly to sales of assets.
+    The drop in first half sales was due to the yen's rise
+against the dollar, which cut sales by some 4.30 billion yen.
+    The dollar averaged 157 yen, against 192 a year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6903" NEWID="19067">
+<DATE>19-JUN-1987 05:44:54.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0349&#31;reute
+u f BC-ISUZU-SEES-BIGGER-LOS   06-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISUZU SEES BIGGER LOSS IN 1986/87</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Isuzu Motors Ltd &lt;ISUM.T> forecast a
+parent company net loss of 15 billion yen in the year ending
+October 31, 1987 against a 3.98 billion loss a year earlier,
+ assuming a yen/dollar rate of 140 yen, a spokesman said.
+    Sales in 1986/87 are estimated at 910 billion yen, down
+10.2 pct from a year earlier.
+    The automaker earlier reported a parent company net loss of
+12.92 billion in the six months ended April 30, 1987, against a
+1.65 billion yen profit a year earlier, on sales of 443.90
+billion, down 15.9 pct from a year earlier.
+    The poor first half performance was due to the yen's rise
+against the dollar which cut 84.27 billion yen off sales, the
+spokesman said.
+    The average yen/dollar rate rose to 158 yen in the first
+half from 207 a year earlier.
+    First half car exports fell to 68,445 from 82,093 a year
+earlier, mainly due to drop in exports to the U.S., While
+domestic sales rose to 30,643 from 29,836.
+    Truck exports fell to 108,782 from 127,903 because a
+two-year contract to sell a total of 40,000 trucks to China
+ended last year and domestic sales fell to 55,925 from 61,954.
+    The company estimated sales at 207,000 cars in 1986/87,
+down 5.2 pct from a year earlier, and 339,000 trucks, down 9.8
+pct, the spokesman said.
+    He gave no estimate of exports.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6904" NEWID="19068">
+<DATE>19-JUN-1987 05:48:32.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0355&#31;reute
+u f BC-TELEMECANIQUE-SEES-ST   06-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEMECANIQUE SEES STABLE PROFITS AND DIVIDEND UP</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>French electronics group La Telemecanique
+Electric &lt;TLMF.PA> expects 1987 consolidated profits to remain
+steady on 1986 levels, allowing the company to pay a higher
+dividend this year, chairman Jacques Valla told the company's
+general meeting.
+    Valla said the outlook for 1987 was good and orders for the
+group would increase by at least seven pct.
+    Telemecanique posted a consolidated net profit of 236.8 mln
+francs in 1986, compared to 215.1 mln in 1985, on turnover of
+6.28 billion francs compared to 6.10 billion. The group paid a
+dividend of 57 francs, compared to 52.50 francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6905" NEWID="19069">
+<DATE>19-JUN-1987 05:50:22.49</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>sri-lanka</D><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0358&#31;reute
+u f BC-SRI-LANKA-PLANS-TO-RE   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKA PLANS TO RENEW ABU DHABI OIL CONTRACT</TITLE>
+<DATELINE>    COLOMBO, June 19 - </DATELINE><BODY>Ceylon Petroleum Corp (CPC) has decided
+to renew its one-year contract with Abu Dhabi for 480,000
+tonnes of Upper Zakum crude oil, CPC officials told Reuters.
+    They said CPC made the recommendation to the cabinet and is
+now awaiting its approval.
+    CPC's one-year contract with Abu Dhabi expired on May 31
+this year and it wants the renewed contract to begin on June 1
+at the government selling price. Delivery will be determined in
+the course of the year. Last year, shipments were in three
+parcels of 120,000 tonnes each and four of 30,000 tonnes each.
+    CPC officials also said the company agreed with the
+Egyptian government for the supply of 240,000 tonnes of Gulf of
+Suez crude for delivery in two shipments this year at the
+government selling price.
+    Last year, CPC bought 120,000 tonnes Gulf of Suez through
+C.Itoh.
+    Officials said plans to buy 240,000 tonnes of Basra Light
+from Iraq have not been finalised yet because of several
+constraints. CPC said it could not accept 120,000 tonne parcels
+and proposed to lift 30,000 tonnes in eight shipments.
+    Iraq National Oil Co (INOC) told CPC a Red Sea port where
+lifting was to take place could not accept small ships. INOC
+then proposed to deliver eight shipments of 30,000 tonnes each.
+    CPC said INOC planned to ship the oil to an Indian port for
+delivery of Indian requirements, later going to Colombo to
+offload CPC's needs, but CPC considered this unsuitable.
+    CPC said it had not received a reply from INOC since
+December. Sri Lanka imports all its annual needs of 1.7 mln
+tonnes. This year it plans to buy 400,000 tonnes on the spot
+market compared with about 1.3 mln tonnes last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6906" NEWID="19070">
+<DATE>19-JUN-1987 05:57:11.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0364&#31;reute
+u f BC-SPAIN'S-PRIVATE-BANK   06-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN'S PRIVATE BANK STAFF STRIKE, IMPACT UNCLEAR</TITLE>
+<DATELINE>    MADRID, June 19 - </DATELINE><BODY>Spain's private bank staff started a one
+and a half day strike over wage demands but its impact was not
+yet clear.
+    Spokesmen for several of the main banks said strikers at
+their Madrid headquarters appeared to be a small minority. They
+had yet to receive reports from branches.
+    Unions called out the 160,000 employees to press for cuts
+in working hours and an eight pct wage rise. Banks implemented
+a 4.75 pct wage increase last month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6907" NEWID="19071">
+<DATE>19-JUN-1987 05:57:52.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>norway</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0365&#31;reute
+u f BC-NORWEGIANS-MAY-HAVE-S   06-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWEGIANS MAY HAVE SOLD MORE COMPUTERS TO USSR</TITLE>
+<DATELINE>    OSLO, June 19 - </DATELINE><BODY>The Norwegian company &lt;Konsgberg
+Vaapenfabrikk> (KV) may have sold more high technology defence
+equipment since an original deal in 1982, senior justice
+officials said.
+    State prosecutor Tor-Aksel Busch told Reuters he had
+started fresh investigations into the state-owned arms firm
+which delivered computers to the Soviet Union in 1982 and 1983,
+used to make near-silent submarine propellers.
+    "There may have been other deliveries of the same equipment
+since then," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6908" NEWID="19072">
+<DATE>19-JUN-1987 05:59:22.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0370&#31;reute
+u f BC-JAPANESE-BANKS-CONFIR   06-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE BANKS CONFIRM ARGENTINA LOAN COMMITMENT</TITLE>
+<DATELINE>    TOKYO, June 19 - </DATELINE><BODY>Japanese commercial creditor banks
+confirmed an earlier commitment to extend some 360 mln dlrs in
+new loans to Argentina, banking sources said.
+    The commitment will represent a part of the 1.95 billion
+dlrs in new loans to Argentina agreed to by 350 banks worldwide
+last April 24, the sources said.
+    The 350 banks were supposed to confirm their Argentina loan
+commitments by June 17.
+    About 91 pct of them have already done so, but it may take
+some more time before all have confirmed their intentions, the
+sources added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6909" NEWID="19073">
+<DATE>19-JUN-1987 06:08:20.59</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0387&#31;reute
+u f BC-TAIWAN'S-EVERGREEN-LI   06-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN'S EVERGREEN LINE TO GO PUBLIC</TITLE>
+<DATELINE>    TAIPEI, June 19 - </DATELINE><BODY>Liner shipping specialist &lt;Evergreen
+Marine Corp>, Taiwan's largest private company, has applied to
+the Security and Exchange Commission to go public next month, a
+company spokeswoman told Reuters.
+    She said Evergreen had doubled its capital to eight billion
+Taiwan dlrs since last August.
+    "The capital increase will boost our operations," she said.
+    She said Evergreen will use the funds raised from the stock
+market to buy new ships and step up its global services.
+    The spokeswoman said the company posted an after-tax profit
+of more than one billion dlrs last year on total revenues of
+20.46 billion, compared to an after-tax profit of 1.18 billion
+on revenues of 17.99 billion in 1985.
+    Evergreen has placed newbuilding orders for three 3,428-teu
+(twenty-foot equivalent unit) fully cellular container ships
+with the state-owned &lt;China Shipbuilding Corp> for delivery in
+late 1988.
+    Evergreen has a fleet of 66 container vessels, totalling
+more than two mln dwt, the spokeswoman said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6910" NEWID="19074">
+<DATE>19-JUN-1987 06:12:09.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0391&#31;reute
+u f BC-CIBA-GEIGY-BUYS-MINOR   06-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIBA-GEIGY BUYS MINORITY STAKE IN UK CROP FIRM</TITLE>
+<DATELINE>    BASLE, Switzerland, June 19 - </DATELINE><BODY>Ciba-Geigy AG &lt;CIGZ.Z> said
+it acquired a minority stake in British cereal breeding company
+&lt;New Farm Crops Ltd>.
+    It said in a statement the British company's skills in
+applied plant breeding would assist Ciba-Geigy in applying the
+results of its biotechnology research and enable it to extend
+its activities in seeds to crops such as wheat and barley.
+    New Farm Crops of Horncastle, Lincolnshire, will have
+access to Ciba-Geigy's agricultural research resources,
+especially in biotechnology.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6911" NEWID="19075">
+<DATE>19-JUN-1987 06:25:17.07</DATE>
+<TOPICS><D>gnp</D><D>bop</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0399&#31;reute
+u f BC-S.-AFRICAN-RESERVE-BA   06-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICAN RESERVE BANK SAYS GROWTH RATE ON TARGET</TITLE>
+<DATELINE>    JOHANNESBURG, June 19 - </DATELINE><BODY>South Africa recorded annualised
+real growth in GDP of 3.25 pct in the first quarter of this
+year and the economy should achieve the government's target of
+three pct growth for 1987, the Reserve Bank said.
+    The South African central bank said in its quarterly
+bulletin that confidence in the economy improved from January
+to May 31 because of the higher gold price, a rise in the
+nation's gold and foreign currency reserves and an improvement
+in the rand's exchange rate to just under 50 U.S. Cents.
+    It noted the growth rate had slowed from 4.5 pct in the
+third and fourth quarters of last year.
+    It also cited a three year debt recheduling agreement
+reached with international creditors in March as evidence of
+improved foreign perceptions of the South African economy.
+    The accord effectively extends a moratorium on most
+repayments of 13 billion dlrs of South Africa's short term
+foreign debt. Total foreign debt is 23 billion dlrs.
+    South Africa recorded a seasonally adjusted annualised
+surplus on the current account of the balance of payments of
+7.43 billion rand in the first quarter, compared with a surplus
+of 7.24 billion rand in 1986. The bank said it was the ninth
+consecutive current account surplus since the start of 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6912" NEWID="19076">
+<DATE>19-JUN-1987 06:30:02.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0406&#31;reute
+b f BC-WORLD-BANK-ISSUES-100   06-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK ISSUES 100 MLN AUSTRALIAN DLR BOND</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>The World Bank is issuing a 100 mln
+Australian dlr bond due July 20, 1992 paying 13-3/8 pct and
+priced at 101-7/8 pct, lead manager Hambros Bank Ltd said.
+    The non-callable bond is available in denominations of
+1,000 and 10,000 Australian dlrs and will be listed in
+Luxembourg.
+    The selling concession is 1-1/4 pct while management and
+underwriting combined pays 5/8 pct.
+    The payment date is July 20.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6913" NEWID="19077">
+<DATE>19-JUN-1987 06:39:58.09</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0417&#31;reute
+u f BC-DUTCH-INDUSTRIAL-PROD   06-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH INDUSTRIAL PRODUCTION FALLS 6.4 PCT IN APRIL</TITLE>
+<DATELINE>    THE HAGUE, June 19 - </DATELINE><BODY>Dutch seasonally adjusted industrial
+production fell by 6.4 pct in April compared with the previous
+month, and was 5.5 pct down on the same period last year,
+figures from the official Statistics Bureau CBS show.
+    The April index, base 1980, stood at 103. In March,
+industrial production rose by 2.8 pct from February.
+    The unadjusted April index figure fell 14 pct from March to
+104, compared with a 10 pct rise in March over February.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6914" NEWID="19078">
+<DATE>19-JUN-1987 06:47:42.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0424&#31;reute
+b f BC-U.K.-BUILDING-SOCIETY   06-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. BUILDING SOCIETY RECEIPTS FALL IN MAY</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Net receipts of U.K. Building societies
+in May fell to 521 mln stg from 727 mln in April and compared
+with 500 mln in May 1986, figures from the Building Societies
+Association show.
+    Association director-general Mark Boleat said in a
+statement he was satisfied with the May figure in view of the
+calls for investors funds' generated by the privatisation of
+Rolls-Royce Plc and the approaching second call on the
+partly-paid British Gas Plc shares.
+    Boleat said the recently announced cut in mortgage rates
+suggests a continuation of buoyant demand. He noted that
+building society net receipts usually decline seasonally as
+summer approaches.
+    The British Gas second call fell on June 9, affecting
+building society inflows in both May and June.
+    Gross retail receipts in May, unadjusted for withdrawals,
+were 7.46 billion stg against 6.63 mln in April and 5.60
+billion in May last year.
+    The net inflow of funds from the wholesale market in May
+was 317 mln stg against 188 mln in April and 249 mln in May
+1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6915" NEWID="19079">
+<DATE>19-JUN-1987 06:52:27.09</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM 
+&#22;&#22;&#1;f0426&#31;reute
+f f BC-CANADA-MAY-CONS   06-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA MAY CONSUMER PRICE INDEX RISES 0.6 PCT, STATISTICS
+CANADA SAID
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6916" NEWID="19080">
+<DATE>19-JUN-1987 06:53:26.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0427&#31;reute
+b f BC-ITALY'S-CIR-SEEKS-200   06-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY'S CIR SEEKS 200 MLN DLR LOAN FACILITY</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Compagnie Industriali Riunite (CIR) has
+asked Citicorp Investment Bank Ltd to arrange a 200 mln dlr
+syndicated loan facility, which will have a final maturity of
+seven years, Citicorp said.
+    Continental Illinois Ltd and Dai-Ichi Kangyo Bank Ltd will
+be coordinators for the facility, which will be in the name of
+CIR International S.A., Luxembourg and guaranteeed by Compagnie
+Industriali Riunite SpA.
+    Banks will be able to terminate their participation at the
+end of year five or year six, subject to four years prior
+notice.
+    There is an availability period of 12 months during which a
+commitment fee of 0.0625 pct per annum is payable on undrawn
+amounts. Interest on the drawn loan will be 0.15 pct over the
+London Interbank Offered Rate.
+    The borrower is the holding company for Carlo di
+Benedetti's various companies, which include Ing C. Olivetti EC
+SpA.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6917" NEWID="19081">
+<DATE>19-JUN-1987 06:54:49.28</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM E 
+&#22;&#22;&#1;f0429&#31;reute
+b f BC-CANADA-CONSUMER-PRICE   06-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA CONSUMER PRICE INDEX UP 0.6 PCT IN MAY</TITLE>
+<DATELINE>    OTTAWA, June 19 - </DATELINE><BODY>Canada's consumer price index rose 0.6
+pct in May to 137.8, base 1981, following a 0.4 pct rise in
+April and a 0.5 pct rise in May 1986, Statistics Canada said.
+    The May year-on-year rise was 4.6 pct, compared with a 4.5
+pct rise in April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6918" NEWID="19082">
+<DATE>19-JUN-1987 07:04:32.27</DATE>
+<TOPICS><D>wpi</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0441&#31;reute
+b f BC-GERMAN-PRODUCER-PRICE   06-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN PRODUCER PRICES RISE 0.1 PCT IN MAY</TITLE>
+<DATELINE>    WIESBADEN, June 19 - </DATELINE><BODY>West German producer prices rose 0.1
+pct in May compared with April to stand 2.9 pct lower than in
+May last year, the Federal Statistics Office said.
+    In April, producer prices fell 0.3 pct from March and
+dropped 3.6 pct from their levels a year earlier.
+    The Statistics Office said producer prices for liquefied
+gas fell 10 pct in May from April and heavy heating oil prices
+declined 5.3 pct, while lead prices rose 23 pct and silver
+prices increased 13 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6919" NEWID="19083">
+<DATE>19-JUN-1987 07:07:28.57</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0446&#31;reute
+u f BC-JAPAN-FIRMS-TO-LAUNCH   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN FIRMS TO LAUNCH SALES OF 100 OCTANE GASOLINE</TITLE>
+<DATELINE>    TOKYO, June 19 -  </DATELINE><BODY>Japanese oil companies are starting
+campaigns to market 100 octane gasoline to meet growing
+domestic demand for higher quality motor fuel, oil sources
+said.
+    Ten companies plan to offer the unleaded gasoline this
+summer, starting with &lt;Idemitsu Kosan Co Ltd> on June 20.
+    Showa Shell Sekiyu KK &lt;SHOL.T> introduced its Formula Shell
+98 octane gasoline to the Japanese market in January this year.
+    Formula Shell has achieved strong sales in Japan despite a
+higher price than regular octane gasoline, which has prompted
+other oil firms to offer a rival product, the sources said.
+    "We have received a good response from consumers of Formula
+Shell in terms of a smoother ride and effective fuel
+consumption," Showa Shell said.
+    Shell's product sells for 145 yen per litre, 15 yen higher
+than regular gasoline, and has already achieved a 38 pct share
+of Japan's high octane gasoline market, it said.
+    High octane gasoline accounts for 25 pct of Shell's total
+gasoline sales in Japan, it added.
+    Idemitsu said it hopes to raise high octane sales to 20 pct
+of its total gasoline sales from about seven pct, immediately
+after the launch of its Idemitsu 100.
+    Nippon Oil Co Ltd &lt;NPOL.T> said it will launch its 100
+octane gasoline on July 1, aiming for an increase in high
+octane sales to 20 pct from six pct of its total gasoline
+sales.
+    The rush to compete for high octane gasoline market share
+has been spurred by expectations that the government will lift
+gasoline production quotas and restrictions on gasoline station
+construction in the next two to three years.
+    "Major oil companies are trying to boost their gasoline
+sales network ahead of the proposed lifting of gasoline
+production quotas," an official at a major oil company said.
+    An advisory panel to the Ministry of International Trade
+and Industry (MITI) recommended this week that the government
+press ahead with deregulation of the oil industry, including
+the lifting of gasoline production quotas, to help oil
+companies increase their international competitiveness.
+    Japan's three biggest gasoline marketers, Nippon Oil,
+Idemitsu and Showa Shell, suffered supply shortages under the
+production quota guideline in fiscal 1986, ended last March.
+    Domestic gasoline demand during the year was up 2.5 pct
+from the previous year, according to a MITI report.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6920" NEWID="19084">
+<DATE>19-JUN-1987 07:10:04.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0455&#31;reute
+r f BC-S/P-AFFIRMS-NATIONAL   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P AFFIRMS NATIONAL WESTMINSTER DEBT</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Standard and Poor's Corp said it
+yesterday affirmed the AAA senior debt and A-1-plus commercial
+paper of National Westminster Bank Plc &lt;NWBL.L>.
+    The AA long-term and A-1-plus short-term certificates of
+deposit of National Westminster Bank USA were also affirmed.
+    S and P cited the bank's decision to increase group
+provisions for sovereign debt exposure by 466 mln stg. The
+action raised total provisions against 35 countries with
+payment difficulties to 29.8 pct from 13 pct, S and P said. S
+and P said this puts the bank's debt coverage in line with that
+of its international peers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6921" NEWID="19085">
+<DATE>19-JUN-1987 07:16:24.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0464&#31;reute
+r f BC-S/P-AFFIRMS-NATIONAL   06-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P AFFIRMS NATIONAL WESTMINSTER DEBT</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the AAA senior debt and A-1-plus commercial paper of
+National Westminster Bank Plc &lt;NWBL.L>.
+    The AA long-term and A-1-plus short-term certificates of
+deposit of National Westminster Bank USA were also affirmed.
+    S and P cited the bank's decision to increase group
+provisions for sovereign debt exposure by 466 mln stg. The
+action raised total provisions against 35 countries with
+payment difficulties to 29.8 pct from 13 pct, S and P said. S
+and P said this puts the bank's debt coverage in line with that
+of its international peers.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6922" NEWID="19086">
+<DATE>19-JUN-1987 07:18:11.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0466&#31;reute
+u f BC-NEWS-CORP-UNIT-LOAN-T   06-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWS CORP UNIT LOAN TO RISE TO 888 MLN H.K. DLRS</TITLE>
+<DATELINE>    HONG KONG, June 19 - </DATELINE><BODY>The proposed 500 mln Hong Kong dlr
+transferable loan facility for &lt;South China Morning Post Co
+Ltd>, a unit of News Corp Ltd &lt;NCPA.S>, will be raised to 888
+mln dlrs, lead manager Manufacturers Hanover Asia Ltd said.
+    The loan was more than three times oversubscribed in
+syndication with 1.2 billion dlrs raised.
+    Manufacturers Hanover Asia and the other three lead
+managers, Amsterdam-Rotterdam Bank, Bank of Tokyo and Westpac
+Banking Corp, will each contribute 36 mln dlrs.
+    There are 33 managers and seven co-managers.
+    Allotments for managers who were invited to contribute 40
+mln dlrs will be cut to 20 mln dlrs, while those for
+co-managers invited to contribute 25 mln dlrs will be reduced
+to 12 mln dlrs.
+    The five-year loan facility, with a 3-1/2 year grace
+period, will be borrowed under the name of South China Morning
+Post Finance Ltd and guaranteed by News Corp.
+    Interest is set at 1/2 percentage point over Hong Kong
+interbank offered rate for the first two years, rising to 5/8
+point thereafter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6923" NEWID="19087">
+<DATE>19-JUN-1987 07:19:54.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0469&#31;reute
+u f BC-BPCC-PLANNING-SALE-OF   06-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BPCC PLANNING SALE OF PACKAGING OPERATIONS</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>The British Printing and Communication
+Corp Plc&lt;BPL.L> is considering selling its specialist packaging
+and labelling operations, a spokeswoman said.
+    She gave no dates or prices for the transaction but said
+the units would be sold by negotiation.
+    She declined to give any turnover or profit figures for the
+packaging and labelling operations, beyond saying that they
+were very profitable. They formed a self-contained part of the
+overall group, she said.
+    Analysts said the packaging and labelling division could be
+sold for up to 150 mln stg.
+    Earlier this week group chairman Robert Maxwell also said
+it expected to float its Mirror group newspaper subsidiary,
+bought from  Reed International Plc &lt;REED.L> for 100 mln stg in
+1984.
+    The spokeswoman said that BPCC intended to keep a majority
+share in the newspaper group if it was floated.
+    BPCC is currently locked in legal battles resulting from
+its attempt to take over U.S. Publisher Harcourt Brace
+Jovanovich Inc &lt;HBJ>. Earlier this week, BPCC launched a
+two-for-three rights issue to raise 640 mln stg and said the
+money raised would enable it to renew its assault on Harcourt.
+It has also expressed interest in Dutch publisher Kluwer NV
+&lt;KLUW.AS>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6924" NEWID="19088">
+<DATE>19-JUN-1987 07:47:51.55</DATE>
+<TOPICS><D>veg-oil</D><D>palm-oil</D></TOPICS>
+<PLACES><D>uk</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0511&#31;reute
+u f BC-INDIA-BUYS-PALM-OLEIN   06-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA BUYS PALM OLEIN AT TENDER - TRADERS</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>The Indian State Trading Corp (STC) are
+reported to have taken three parcels, around 5,000 tonnes each,
+of palm olein at yesterday's weekly vegetable oil tender,
+traders said.
+    All are for August shipment at 364 dlrs a tonne cif. India
+passed on all other materials, they added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6925" NEWID="19089">
+<DATE>19-JUN-1987 08:00:04.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0534&#31;reute
+u f BC-PHILIPPINES-APPROVES   06-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES APPROVES NEW CAR PROGRAMME</TITLE>
+<DATELINE>    MANILA, June 19 - </DATELINE><BODY>Philippines' Board of Investments (BOI)
+has approved new guidelines on making cars but is still
+awaiting rules on the tax component of the programme, trade and
+industry secretary Jose Concepcion said.
+    He said the authorities were still deciding how much tax
+will be levied on locally-assembled cars.
+    The new car development programme replaces an earlier
+scheme and is designed to limit the number of car manufacturers
+in the local market.
+    The scheme is to be unveiled before the end of the month.
+    The two accredited local car manufacturers are &lt;Pilipinas
+Nissan Inc>, which gets car kits from Nissan Motor Company Ltd
+&lt;NSAN.T> and &lt;Philippine Automotive Manufacturing Corp> which
+gets supplies from Mitsubishi Corp &lt;MITT.T>.
+    Three companies which pulled out due to what they saw as
+poor market conditions were Ford Philippines, a subsidiary of
+Ford Motor Co &lt;F>, General Motors Pilipinas, a subsidiary of
+General Motors Corp &lt;GM> and &lt;Delta Motors Corp>.
+    Toyota Motor Corp &lt;TOYO.T>, which was the foreign partner
+of Delta Motors, has applied for a place in the new programme
+and is negotiating the purchase of Delta's assembly plant.
+    Concepcion declined to say how many car assemblers would be
+allowed to operate, but said they will be required to finance
+75 pct of the foreign exchange needed to import
+completely-knocked-down kits.
+    The balance will be provided by the central bank, he said.
+    The trade minister, who is also chairman of the BOI, said
+the programme is intended to develop a car parts industry by
+requiring car firms to use locally-made spare parts. He said
+the plan should keep car prices at "reasonable levels."
+    Tax currently accounts for 40 pct of the total cost of a
+car.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6926" NEWID="19090">
+<DATE>19-JUN-1987 08:00:14.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0535&#31;reute
+u f BC-INDIA'S-NALCO-LOAN-IN   06-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA'S NALCO LOAN INCREASED TO 300 MLN DLRS</TITLE>
+<DATELINE>    HONG KONG, June 19 - </DATELINE><BODY>The proposed 250 mln U.S. Dlr
+syndicated loan for &lt;National Aluminium Co Ltd> Nalco of India
+has been increased to 300 mln dlrs due to over-subscription,
+lead manager Chemical Asia Ltd said.
+    The 10 year loan, with a six year grace period, is in two
+tranches. Tranche A of 279 mln dlrs carries interest at 1/4
+percentage point over London interbank offered rate (Libor) for
+the first six years, rising to 3/8 point thereafter.
+    A total of 124 mln dlrs was raised in syndication for
+tranche A, originally set at 229 mln dlrs. The remainder will
+be provided by the lead managers.
+    There are 15 lead managers, six managers, eight co-managers
+and 14 participants in the conventional tranche.
+    The 21 mln dlr Belgian tax-spared tranche carries interest
+at one basis point over Libor throughout its life. Funds will
+be provided by Bank of Yokohama, Credit Lyonnais, Mitsui Trust
+and Banking Co Ltd and Saitama Bank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6927" NEWID="19091">
+<DATE>19-JUN-1987 08:04:44.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T 
+&#22;&#22;&#1;f0561&#31;reute
+u f BC-EC-FARM-MINISTERS-MEE   06-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FARM MINISTERS MEETING UNLIKELY NEXT WEEK</TITLE>
+<DATELINE>    BRUSSELS, June 19 - </DATELINE><BODY>A meeting of European Community (EC)
+farm ministers is unlikely to be held next week following the
+ministers' failure to agree a 1987/88 farm price package
+yesterday, an EC Commission spokesman said.
+    However, he said he could not rule out such a meeting
+altogether, noting the decision is one for Belgium, which
+currently holds the presidency of the EC council of ministers.
+    The farm ministers could also meet in parallel with the
+meeting of EC heads of government in Brussels on June 29 and
+30, diplomats noted.
+    The ministers ended their three-day meeting in Luxembourg
+still split on the question of an oils and fats tax and with
+West Germany saying it would use its veto on two other key
+aspects of EC Commission proposals, the actual common price
+changes and a revision of the "green money" system.
+    The Commission spokesman said an announcement is likely to
+appear in the EC's Official Journal within a few days giving
+notice of the Commission's intention to take emergency measures
+from July 1 should ministers fail to reach an accord.
+    However, Commission sources said this notice would not
+detail the measures to be taken, which, they said, might be
+considered by the Commission at its regular weekly meeting next
+Wednesday.
+    The Commission published a declaration by EC Farm
+Commissioner Frans Andriessen made in Luxembourg early
+yesterday at the end of the agriculture ministers' meeting.
+    In it, Andriessen said there was now a serious threat to
+the functioning of the Common Agricultural Policy.
+    Andriessen added ,"The Commission...Will take the measures
+which are necessary, not only for the temporary management of
+the markets, but also for a healthy finance policy."
+    "This means that the protective measures we are going to
+apply will necessarily have, in the context of our own powers,
+a dynamic character," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6928" NEWID="19092">
+<DATE>19-JUN-1987 08:04:55.32</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T 
+&#22;&#22;&#1;f0562&#31;reute
+u f BC-BELGIAN-ONE-DAY-STRIK   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN ONE-DAY STRIKE HITS TRANSPORT, SHIPPING</TITLE>
+<DATELINE>    BRUSSELS, June 19 - </DATELINE><BODY>A 24-hour strike by Belgian public
+employees protesting against a government pay offer disrupted
+transport and hit ferry services and shipping, port and union
+officials said.
+    Some cross-Channel ferry services from Ostend were
+cancelled, the local news agency Belga said.
+    An Antwerp port authority spokesman said electricians came
+out in support, reducing ship movements to a trickle. Unions
+said Ghent and other major Belgian ports were also hit.
+    Few trains were running and some early morning flights by
+Sabena, Belgian's national airline, were cancelled.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6929" NEWID="19093">
+<DATE>19-JUN-1987 08:17:50.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0602&#31;reute
+r f BC-DE-LAURENTIIS-FILM-&lt;D   06-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DE LAURENTIIS FILM &lt;DFP> IN FIRST PAYOUT</TITLE>
+<DATELINE>    LOS ANGELES, June 19 - </DATELINE><BODY>De Laurentiis Film Partners LP said
+it will pay an initial quarterly dividend of 37.3 cts per unit
+to holders of record on June 30, payable within 90 days of that
+date.
+    The partnership said De Laurentiis Entertainment Group Inc
+&lt;DEG>, which owns one third of its shares, will defer its share
+of the payout to maximize funds available to the partnership
+for future film investments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6930" NEWID="19094">
+<DATE>19-JUN-1987 08:17:55.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0604&#31;reute
+r f BC-CAPITOL-BANCORP-&lt;CAPB   06-19 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPITOL BANCORP &lt;CAPB.O> RAISES QUARTERLY</TITLE>
+<DATELINE>    BOSTON, June 19 -
+    </DATELINE><BODY>Qtly div 24 cts vs 23 cts prior
+    Pay July 28
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6931" NEWID="19095">
+<DATE>19-JUN-1987 08:18:18.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0605&#31;reute
+r f BC-AUGAT&lt;AUG>-SEEKS-TO-M   06-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUGAT&lt;AUG> SEEKS TO MAXIMIZE SHAREHOLDER VALUE</TITLE>
+<DATELINE>    MANSFIELD, MASS., June 19 - </DATELINE><BODY>Augat Inc said it retained an
+investment banker, Wertheim Schroeder and Co Inc, to explore
+possible means for the company to maximize shareholder value.
+    The company said it was not pressured into taking this
+action by any specific situation or opportunity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6932" NEWID="19096">
+<DATE>19-JUN-1987 08:19:25.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0606&#31;reute
+u f BC-DE-LAURENTIIS-COMPANI   06-19 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DE LAURENTIIS COMPANIES SEE LOSS ON FILM</TITLE>
+<DATELINE>    LOS ANGELES, June 19 - </DATELINE><BODY>De Laurentiis Film Partners LP &lt;DFP>
+and De Laurentiis Entertainment Group Inc &lt;DEG> said they will
+take charges of five mln and 6,500,000 dlrs repsectively on
+their film "Million Dollar Mystery" due to disappointing box
+office results.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6933" NEWID="19097">
+<DATE>19-JUN-1987 08:19:43.25</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>china</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M 
+&#22;&#22;&#1;f0608&#31;reute
+d f BC-CHINA-RESUMES-USSR-SH   06-19 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA RESUMES USSR SHIP REPAIRS AFTER 23 YEAR GAP</TITLE>
+<DATELINE>    PEKING, June 19 - </DATELINE><BODY>China has resumed repairs of Soviet ships
+after a 23 year break caused by the ideological split between
+the two countries.
+    The New China News Agency said an agreement to resume the
+business was signed by the two sides on Wednesday in Shanghai,
+where three Soviet commercial vessels were being repaired.
+    The China Daily said the first two Soviet ships to be
+repaired in China since 1964 left the ports of Dalian and
+Xingang last month.
+    Bi Yueran, managing director of China State Shipbuilding
+Corp's ship repair department, told the newspaper the Soviet
+Union lacked adequate repair facilities for the more than 600
+ships deployed in the far east. Bi said China's yards offered
+competitive prices, guaranteed quality and prompt delivery.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6934" NEWID="19098">
+<DATE>19-JUN-1987 08:20:17.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0611&#31;reute
+h f BC-VW,TOYOTA-LIGHT-TRUCK   06-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW,TOYOTA LIGHT TRUCK DEAL CLOSE TO CONCLUSION</TITLE>
+<DATELINE>    WOLFSBURG, West Germany, June 19 - </DATELINE><BODY>Volkswagen AG &lt;VOWG.F>
+said negotiations with Toyota Motor Corp &lt;TOYO.T> over a joint
+production accord have reached "an advanced stage."
+    An announcement on an agreement to assemble Toyota Hi Lux
+light trucks at VW's Hanover plant is expected next week,
+industry sources close to VW said.
+    The Financial Times newspaper quoted VW managing board
+chairman Carl Hahn saying he was certain the two companies
+would agree to produce one tonne pick-up trucks from 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6935" NEWID="19099">
+<DATE>19-JUN-1987 08:22:16.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0615&#31;reute
+r f BC-KING-WORLD-&lt;KWP>-STAR   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KING WORLD &lt;KWP> STARTS BID FOR OWN SHARES</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>King World Productions Inc said it has
+started a tender offer for up to 4,100,000 of its own common
+shares at 28 dlrs each.
+    In a newspaper advertisement, the company said the offer,
+proration period and withdrawal rights expire July 17 unless
+extended. The offer is not conditioned on receipt of any
+minimum number of shares.
+    King World said members of the King family and an officer
+and director who together own about 46 pct of its stock have
+agreed not to tender any shares in the offer but to sell up to
+3,465,085 shares to King in January 1988 at 28 dlrs each.
+    King World has about 30.8 mln shares outstanding.
+    The company said a tendering shareholder may elect to
+receive payment for his shares in January rather than
+immediately for tax purposes.  King said it will pay only the
+offer price and no interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6936" NEWID="19100">
+<DATE>19-JUN-1987 08:24:38.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0621&#31;reute
+r f BC-CABLEVISION-&lt;CVC>-DEA   06-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABLEVISION &lt;CVC> DEAL VALUED AT 56.2 MLN DLRS</TITLE>
+<DATELINE>    WOODBURY, N.Y., June 19 - </DATELINE><BODY>Cablevision Systems Corp said its
+agreement to buy from CBS Inc &lt;CBS> and the Washington Post Co
+their partnership interests in four regional sports services
+will have a value of about 56.2 mln dlrs.
+    It said the sports services, managed by Rainbow Program
+Enterprises, is expected to close by the end of the year.
+    The services include SportsChanel Associates (New York),
+SportsChannel PRISM Associates (Philadelphia), SportsChannel
+Chicago Associates and SportsChannel New England Limited
+Partnership.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6937" NEWID="19101">
+<DATE>19-JUN-1987 08:25:46.43</DATE>
+<TOPICS><D>groundnut</D></TOPICS>
+<PLACES><D>switzerland</D><D>uk</D><D>usa</D><D>netherlands</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0623&#31;reute
+u f BC-TRACOMIN-SEES-LOWER-U   06-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRACOMIN SEES LOWER U.S. EDIBLE GROUNDNUT EXPORTS</TITLE>
+<DATELINE>    LAUSANNE, Switzerland, June 19 - </DATELINE><BODY>U.S. Exports of edible
+groundnuts could fall to 185,000 tonnes in the year to
+September 1987 from 248,000 in the same 1986 period, trading
+company Tracomin SA said.
+    It revised its December 1986 forecast that exports would
+total 205,000 tonnes, citing low demand, the loss of U.S.
+Market share in the two main importing countries, Britain and
+the Netherlands, and the sale of nuts intended for export at a
+premium in the U.S. Domestic market.
+    Tracomin estimated export availability from the 1986 crop
+at 215,000 tonnes compared with 264,000 the previous year.
+    Tracomin said it expects a good 1987 U.S. Groundnut crop
+and forecast a resurgence in U.S. Exports next year.
+    "Barring any market manipulations, a good U.S. Harvest in
+1987 could lead to attractive prices, active trading and the
+reappearance of the U.S.A as the world's leading producer of
+peanuts," it said.
+    Overall exports from China, the leading exporter last year,
+will remain at exceptionally high levels this year despite
+quality complaints and difficulties in implementing some
+earlier high-priced contracts. It is too early to say if China
+can retain its current market share in 1988, Tracomin said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6938" NEWID="19102">
+<DATE>19-JUN-1987 08:27:50.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0631&#31;reute
+u f BC-U.S.-BUDGET-CHIEF-THR   06-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUDGET CHIEF THREATENS VETO, PREDICTS DEAL</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>U.S. Budget Director James Miller
+said President Reagan would veto the Democrat-controlled
+Congress' new budget plan out of hand -- but offered to
+compromise on raising revenues.
+    "If that budget comes down it will vetoed out of hand, I can
+tell you that," Miller said on a morning television show.
+    He said Reagan would not accept the 19 bln dlr tax increase
+in Congress' proposal but said "keep in mind the president has
+proposed certain revenues in his budget.
+    "They're not taxes," Miller said. "They are user charges and
+asset sales. I think there is some room there we can sit down
+and talk with the Democrats about."
+    Miller said he believed a compromise could be worked out
+but he said the administration would need assurance that
+whatever compromise it accepted would indeed by passed by
+Congress.
+    Miller also said in the interview that he did not believe
+the new U.S. protection of 11 Kuwaiti tanker ships in the
+Persian Gulf would require a supplemental request to Congress
+later for more defense money.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6939" NEWID="19103">
+<DATE>19-JUN-1987 08:33:06.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0656&#31;reute
+d f BC-DIVI-HOTELS-&lt;DVH>-REC   06-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIVI HOTELS &lt;DVH> RECOMMENDS DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Divi Hotels N.V. said its board
+recommended that shareholders approve payment of an initial
+dividend of 12-1/2 cts a share semi-annually.
+    It said the dividend would be paid in August and February.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6940" NEWID="19104">
+<DATE>19-JUN-1987 08:33:14.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0657&#31;reute
+d f BC-MAJOR-VIDEO-&lt;MAJV.O>   06-19 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAJOR VIDEO &lt;MAJV.O> FILES 1.4 MLN SHR OFFER</TITLE>
+<DATELINE>    LAS VEGAS, June 19 - </DATELINE><BODY>Major Video Corp said it filed a
+registration statement covering a proposed public offering of
+1.4 mln shares of common stock to be sold by the company.
+    It said Rauscher Pierce Refsnes Inc will be managing
+underwriter of the offering, expected in July, with proceeds to
+be used to finance development and possible acquisition of
+additional Major Video Superstores and for working capital.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6941" NEWID="19105">
+<DATE>19-JUN-1987 08:33:57.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0663&#31;reute
+d f BC-MOULINEX-SHARES-FALL   06-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOULINEX SHARES FALL TO 1987 LOW ON PARIS BOURSE</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>French domestic appliance maker Moulinex
+&lt;MOUP.PA> shares continued to fall on the Paris Bourse reaching
+its year's low amid controversy over an auditor's report on
+1987 profit forecasts, dealers said.
+    A Moulinex spokesman said a "mutilated" copy of the report by
+Paris auditors Syndex, which gave a poor impression of the
+company's prospects, had caused the stock to fall sharply.
+    Meanwhile, Moulinex said in a communique that it stood by
+its April forecast of a 1987 parent company net loss of 41.7
+mln francs vs a 226 mln loss in 1986.
+
+    The spokesman said 50 pages of the 200-page report,
+commissioned by Moulinex's staff/management committee, had been
+circulated to several Parisian stockbrokers.
+    The Syndex report said the company's 1987 target would be
+difficult to achieve, thereby causing Moulinex stock to drop
+almost 13 francs in two days to 75.10 francs per share.
+    A Syndex spokesman said yesterday that the auditors were
+"shocked" by the leak of a confidential document and attributed
+it to "malicious intentions." Several Paris brokers said it was
+likely that corporate "raiders" interested in a takeover bid had
+put out the Syndex report to bring down the share price.
+
+    Moulinex shares have fluctuated considerably since the
+beginning of the year on takeover rumours, reaching a high of
+122 francs.
+    Group president Jean Mantelet, who is 87, said in February
+that he intended to transfer his 42 pct stake in Moulinex to
+the company's employees. However, a company statement issued at
+the same time said a management buy-out was only one of several
+options.
+    The rest of the group's equity has been held by private
+investors since March when &lt;Scovill Inc> of the U.S. Sold its
+20 pct holding in the company.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6942" NEWID="19106">
+<DATE>19-JUN-1987 08:34:24.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0667&#31;reute
+d f BC-SWISSAIR-REVENUES-FAL   06-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISSAIR REVENUES FALL FOUR PCT IN APRIL</TITLE>
+<DATELINE>    ZURICH, June 19 - </DATELINE><BODY>Swissair &lt;SWSZ.Z> said its revenues were
+down four pct in April compared with a year earlier, but costs
+before depreciation were cut by six pct.
+    Traffic rose seven pct in April compared with a year
+earlier and the overall load factor increased one percentage
+point to 61 pct.
+    Passenger load factor rose to 60 pct from 59 pct.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6943" NEWID="19107">
+<DATE>19-JUN-1987 08:35:01.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0669&#31;reute
+u f BC-LAWSON-SAYS-LOW-U.K.   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SAYS LOW U.K. UNIT WAGE COSTS HELP EXPORTS</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Chancellor of the Exchequer Nigel Lawson
+said current low unit wage costs are helping British exports
+but wage rises are "faster than is comfortable."
+    He hoped yesterday's Organisation for Economic Cooperation
+and Development (OECD) forecasts of increases in wage rises
+were wrong, saying OECD predictions "are somewhat unreliable."
+    "Productivity is rising very fast, and therefore even though
+wages are going up faster than is comfortable, the actual unit
+cost of labour...Is not going up fast at all," Lawson said in
+answer to questions on BBC radio.
+    "That is one of the reasons why we're doing so well in
+export markets, for example, but we could do even better and
+get unemployment down even faster if there was a more moderate
+rate of growth in wage increases," Lawson added.
+    His remarks followed yesterday's news that underlying
+average earnings were rising 7.75 pct annually in April, up
+from March's 7.5 pct increase, which sent the U.K. Government
+bond market lower and helped trigger inflation worries.
+    Lawson said he would not update his own economic forecasts
+for the U.K. Until the traditional Autumn Statement on the
+economy.
+    Lawson would not be drawn on whether he will cut the basic
+rate of tax from the current 27 pct to 25 pct in the next
+budget due in March 1988.
+    "We will certainly achieve it sooner or later," he said.
+    The latest official data, released yesterday, showed unit
+wage costs in manufacturing industry were rising 0.9 pct
+annually in the three month period ended April, down from a 1.2
+pct rise in the first quarter and sharply below last year's
+first quarter growth rate of 7.8 pct.
+    However, analysts said this figure is likely to deteriorate
+somewhat as productivity growth slows later this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6944" NEWID="19108">
+<DATE>19-JUN-1987 08:35:17.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0671&#31;reute
+u f BC-QUANTUM-CORP-&lt;QNTM.O>   06-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUANTUM CORP &lt;QNTM.O> TO TAKE 3.5 MLN DLR CHARGE</TITLE>
+<DATELINE>    MILPITAS, Calif., June 19 - </DATELINE><BODY>quantum corp said it will take
+a charge of about 3,500,000 dlrs due to a decision to
+discontinue its Q160 160 megabyte disk drive, causing a loss
+for the first quarter ending June 28.
+    The company said it expects higher revenues for the period,
+however.  Quantum earned 22.2 mln dlrs on revenues of 121.2 mln
+dlrs in last year's first quarter.
+    Quantum said it will eliminate 29 staff positions as a
+result of the cancellation of the Q160 and the redirection of
+product development efforts.
+    The company said it is modifying plans and projects to
+concentrate on its core disk drive business and on the
+development of higher performance low-cost smaller drives,
+particularly 3-1/2 inch drives.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6945" NEWID="19109">
+<DATE>19-JUN-1987 08:38:29.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0676&#31;reute
+d f BC-FINE-HOMES-INT'L-INIT   06-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINE HOMES INT'L INITIAL OFFERING PRICED</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Merrill Lynch and Co Inc said its
+initial public offering of six mln limited partnership
+preference units of Fine Homes International L.P. was priced at
+18 dlrs a unit.
+    In addition, there was also an offering by Fine Homes of
+1.5 mln preference units to its employees.
+    Merrill Lynch said it will continue to own about 21 mln
+subordinated units.
+    Fine Homes is involved in residential real estate and in
+the relocation management business and related mortgage
+banking.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6946" NEWID="19110">
+<DATE>19-JUN-1987 08:43:03.06</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f0686&#31;reute
+u f BC-SAUDI-OIL-RESERVES-RI   06-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI OIL RESERVES RISE DESPITE HIGHER OUTPUT</TITLE>
+<DATELINE>    JEDDAH, June 19 - </DATELINE><BODY>Proven oil and gas deposits in Saudi
+Arabia increased in 1986 despite higher oil output, according
+to the kingdom's main producing company, Aramco.
+    Recoverable oil reserves in Aramco fields rose to 167
+billion barrels by the end the year from 166.5 billion in 1985,
+while gas reserves jumped by 7.7 pct to 135.8 trillion cu ft
+from 126.1 trillion, the company's annual report said.
+    Aramco, responsible for all Saudi production except about
+200,000 barrels per day (bpd) in the Neutral Zone between Saudi
+Arabia and Kuwait, increased production to 4.69 mln barrels per
+day in 1986 from 3.04 mln barrels a year earlier.
+
+    Most of 1986 was a virtual free-for-all in production, as
+OPEC members abandoned restraint in an effort to recapture
+their share of the market. In the process, prices collapsed
+from about 28 dlrs a barrel to below nine dlrs, until the
+organisation decided to cut production again from last
+September onwards.
+    Saudi output in 1985 had been the lowest since the 1960s.
+    Production of natural gas liquids in 1986 declined slightly
+to 304,178 bpd from 316,310, said the report, carried on the
+official Saudi Press Agency.
+    The increase in reserves came despite a sharp cut in the
+number of wells Aramco drilled to 33 in 1986 from 103 in 1985.
+
+    Aramco's only refinery, at Ras Tannurah, processed 142.44
+mln barrels (390,246 bpd) of crude last year. The plant was
+upgraded to a capacity of 530,000 bpd during the year, enabling
+it to supply 50 pct of local demand for oil products, the
+report said.
+    The country's other five, smaller refineries -- owned by
+another state-owned oil organisation, Petromin -- produced
+around 750,000 bpd last year.
+
+    Sulphur production rose to 1.23 mln tonnes in 1986 from
+998,707 tonnes in 1985. During the year the company began
+operating a sulphur granule plant with capacity of 4,000 tonnes
+per day, the report said.
+    Aramco said it awarded 1,303 contracts last year worth 1.4
+billion riyals -- about 370 mln dlrs.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6947" NEWID="19111">
+<DATE>19-JUN-1987 08:45:14.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0695&#31;reute
+r f BC-FORD-&lt;F>-UNIT-OFFERS   06-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> UNIT OFFERS CURRENCY EXCHANGE WARRANTS</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Bear Stearns Cos Inc &lt;BSC> said an
+offering of three mln currency exchange warrants of Ford Motor
+Co's Ford Motor Credit unit is underway at 4.375 dlrs each.
+    Each warrant allows the holder to receive from Ford Credit
+the cash value in U.S. dollars of the right to purchase 50 dlrs
+at a price of 7,610 yen. Bear Stearns said the spot exchange
+rates of the yen and dollar will determine whether the warrants
+have a cash value on a given day.
+    It said the warrants will have a cash settlement value only
+if the dollar is worth over 152.20 yen.
+    The company said if a warrant has not been exercised, and
+at its expiration the value of the dollar is not more than
+152.20 yen, the warrant will expire with no cash settlement
+value.
+    It said the warrants will be exercisable immediately and
+expire in five years, and any warrant not exercised before then
+will be automatically exercised on July 1, 1992.
+    Bear Stearns said this is the second time a currency
+warrant issue has been sold in the U.S., the first being a two
+mln warrant issue for General Electric Co's &lt;GE> General
+Electric Credit Corp unit on June 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6948" NEWID="19112">
+<DATE>19-JUN-1987 08:48:44.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0704&#31;reute
+w f BC-TRI-STAR-PICTURES-&lt;TR   06-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRI-STAR PICTURES &lt;TRSP.O> GRANTED RELIEF</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Tri-Star Pictures Inc said it won
+permanent relief from various provisions of the 1952 Consent
+Judgment and 1980 Order that apply to the Loews' Theatre
+Circuit, which Tri-Star acquired last December.
+    It said the U.S. District Court for the Southern District
+of New York agreed to permit exhibition of Tri-Star motion
+pictures in loews theaters and to allow Tri-Star to conduct its
+business other than with Loews free from restructions of the
+court's earlier orders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6949" NEWID="19113">
+<DATE>19-JUN-1987 08:49:08.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0706&#31;reute
+r f BC-FIDELCOR-&lt;FICR.O>-BUY   06-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIDELCOR &lt;FICR.O> BUYS NEW ENGLAND &lt;BKNE.O>STAKE</TITLE>
+<DATELINE>    PHILADELPHIA, June 19 - </DATELINE><BODY>Fidelcor Inc said it has acquired a
+substantial portion of the assets of Bank of New England Corp's
+Lazere Financial Corp subsidiary for undisclosed terms.
+    The company said the transaction includes most of Lazere's
+loan portfolio and other assets, including Lazere's Miami
+office.                                
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6950" NEWID="19114">
+<DATE>19-JUN-1987 08:49:45.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T 
+&#22;&#22;&#1;f0708&#31;reute
+u f BC-SEOUL-THREATENS-EMERG   06-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEOUL THREATENS EMERGENCY MEASURES</TITLE>
+<DATELINE>    SEOUL, June 19 - </DATELINE><BODY>The South Korean government will shortly
+issue a statement warning it will take unspecified emergency
+measures if widespread protest demonstrations continue, state
+radio said.
+    Yesterday tens of thousands of demonstrators took to the
+streets of Seoul and other cities, battling riot police and
+demanding the resignation of President Chun Doo Hwan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6951" NEWID="19115">
+<DATE>19-JUN-1987 08:51:16.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0714&#31;reute
+u f BC-BUDGET   06-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUDGET DIRECTOR PREDICTS COMPROMISE</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>Budget Director James Miller said
+President Reagan would veto the Democrat-controlled Congress'
+new budget -- but offered to compromise on raising revenues.
+    "If that budget comes down it will be vetoed out of hand, I
+can tell you that," Miller said on NBC's "Today" program.
+    He said Reagan would not accept the 19 billion dlr tax
+increase in Congress' proposal but said "keep in mind the
+president has proposed certain revenues in his budget.
+    "They're not taxes," Miller said. "They are user charges and
+asset sales. I think there is some room there we can sit down
+and talk with the Democrats about."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6952" NEWID="19116">
+<DATE>19-JUN-1987 08:51:52.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0716&#31;reute
+d f BC-COURT-ORDERS-INT'L-ME   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT ORDERS INT'L MEDICAL INSURER TO SHOW CAUSE</TITLE>
+<DATELINE>    TALLAHASSEE, Fla., June 19 - </DATELINE><BODY>A Circuit Court judge ordered
+the company that insured the solvency of International Medical
+Centres Inc to show cause why it should not honour its contract
+with International, according to Florida's Department of
+Insurance, which had filed a petition on the matter.
+    As previously reported, International, the largest health
+maintenance organization in Florida, was declared insolvent on
+May 14. Federal regulators had also told the company its
+Medicare contract would be terminated on July 31 because of the
+company's financial and management problems.
+    Michelle McLawhorn, Florida Insurance Department
+spokeswoman, said International's insurer, State Mutual Life
+Assurance Co of America, had made clear it would fight
+activation of the policy because International did not provide
+it with accurate financial records.
+    State Mutual could not be reached for comment.
+    McLawhorn said it was not yet known how many creditors
+International had or how big its debt was. The court gave State
+Mutual 20 days to show why it should not be obliged to pay
+claims against the solvency policy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6953" NEWID="19117">
+<DATE>19-JUN-1987 08:52:26.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0718&#31;reute
+r f BC-FINANCIAL-BENEFIT-&lt;FB   06-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL BENEFIT &lt;FBGIA.O> TO SELL SHARES</TITLE>
+<DATELINE>    BOCA RATON, Fla., June 19 - </DATELINE><BODY>Financial Benefit Group Inc
+said it has agreed to sell one mln shares of Class A common
+stock to investment banker Fox-Pitt, Kelton NV for placement
+with institutional and private investors in Britain, Europe and
+elsewhere.
+    It said the offering is expected to be fully subscribed and
+proceeds will be used mainly to increase the capital and
+surplus of its wholly-owned Financial Benefit Life Insurance Co
+and for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6954" NEWID="19118">
+<DATE>19-JUN-1987 08:57:08.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0724&#31;reute
+f f BC-CHRYSLER-AGREES   06-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHRYSLER AGREES TO ACQUIRE ELECTROSPACE SYSTEMS FOR 367
+MLN DLRS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6955" NEWID="19119">
+<DATE>19-JUN-1987 09:00:25.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0729&#31;reute
+u f BC-DAF-PLANS-100-MLN-GUI   06-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAF PLANS 100 MLN GUILDER COMMERCIAL PAPER PROGRAM</TITLE>
+<DATELINE>    EINDHOVEN, Netherlands, June 19 - </DATELINE><BODY>DAF Finance Company NV
+said it plans a 100 mln guilder commercial paper program
+beginning June 22.
+    Amro bank is arranging the program with denominations of
+one mln guilders and maturities ranging from two weeks to two
+years. Clearing is through the Dutch central bank.
+    DAF Finance is one of the four subsidiaries of DAF BV, a
+newly established holding company which is a joint venture of
+DAF Beheer NV and the U.K. Rover Group Plc.
+    The program will be used to finance lease activities, long
+term rent contracts and dealership financing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6956" NEWID="19120">
+<DATE>19-JUN-1987 09:02:45.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0731&#31;reute
+u f BC-PHILIPPINE-LONG-DISTA   06-19 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE LONG DISTANCE &lt;PHI> PLANS SPLIT</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Philippine Long Distance Telephone Co
+said it has called a special shareholder meeting to approve a
+proposed two-for-one stock split and a 20 pct stock dividend.
+    The company said the meeting will be held July 15 and
+shareholders of record on April 27 will be eligible to vote.
+    The company said it will also ask shareholders to approve
+an increase in authorized common shares to 134 mln and of
+serial preferred stock to 383 mln and to authorize the sale of
+two billion pesos of debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6957" NEWID="19121">
+<DATE>19-JUN-1987 09:03:33.83</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0736&#31;reute
+f f BC-Top-discount-rate-at   06-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Top discount rate at U.K. Bill tender rises to 8.7239 pct
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6958" NEWID="19122">
+<DATE>19-JUN-1987 09:03:42.77</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T 
+&#22;&#22;&#1;f0737&#31;reute
+u f BC-SPANISH-CARGO-FIRMS-H   06-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN CARGO FIRMS HIRE DOCKERS TO OFFSET STRIKE</TITLE>
+<DATELINE>    BARCELONA, June 19 - </DATELINE><BODY>Cargo handling companies said they
+were hiring twice the usual number of dockers to offset an
+intermittent strike in Spanish ports.
+    Spanish dockers began a nine-day strike on Wednesday in
+which they only work alternate hours in protest at government
+plans to partially privatize port services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6959" NEWID="19123">
+<DATE>19-JUN-1987 09:05:40.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f0742&#31;reute
+r f BC-PNC-FINANCIAL-&lt;PNCF.O   06-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PNC FINANCIAL &lt;PNCF.O> UNIT SHIFTS PORTFOLIO</TITLE>
+<DATELINE>    PHILADELPHIA, June 19 - </DATELINE><BODY>PNC Financial corp's Provident
+National Bank subsidiary said it is increasing the weighting of
+bonds in its investment portfolio due to the recent softening
+in the fixed-income markets.
+    The bank said it is shifting the debt to equity mix of its
+balanced portfolios to 45 pct bonds/55 pct stocks from 40/60
+and reducing the equity segment's cash reserve to 25 pct from
+30 pct.  It said "Based on the continued high valuation level
+of the stock market, coupled with the recent temporary weakness
+in bond prices, the relative attractiveness of the bond market
+is now at its highest level in over 18 months."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6960" NEWID="19124">
+<DATE>19-JUN-1987 09:06:53.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0743&#31;reute
+d f AM-THRIFT   06-19 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OKLAHOMA THRIFT IN RECEIVERSHIP</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The Federal Home Loan Bank Board
+(FHLBB) placed Investors Federal Bank of El Reno, Okla., in
+receivership and transferred its 97.8 mln dlrs n assets to the
+Investors Savings and Loan Association.
+    An FHLBB statement said the failed thrift was insolvent and
+"had substantially dissipated its assets," largely through
+participating in large commercial real estate developments.
+    It said the thrift violated federal laws and regulations on
+loan documentation, loans to directors, and apparent conflicts
+of interest.
+    The sucessor organization is a federal savings and loan
+association which will be managed under contract by Sunwood
+Management Corp. of Parker, Colo.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6961" NEWID="19125">
+<DATE>19-JUN-1987 09:08:56.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0747&#31;reute
+s f BC-VMS-MORTGAGE-INVESTOR   06-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS MORTGAGE INVESTORS LP &lt;VMLPZ.O> IN PAYOUT</TITLE>
+<DATELINE>    CHICAGO, June 19 -
+    </DATELINE><BODY>Mthly div nine cts vs nine cts prior
+    Pay Aug 14
+    Record July One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6962" NEWID="19126">
+<DATE>19-JUN-1987 09:10:47.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f0750&#31;reute
+r f AM-POSTAL   06-19 0124</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA POSTAL UNION PREPARED TO REJECT NEW OFFER</TITLE>
+<DATELINE>    MONTREAL, June 19 - </DATELINE><BODY>Canada Post presented its striking
+letter carriers with a new contract offer today but both sides
+said there was little indication the offer would end an
+increasingly violent three-day-old walkout.
+    The strike has been especially bitter in Quebec, where the
+federally regulated postal service has brought in replacement
+workers in contravention of provincial laws that prohibit
+hiring strikebreakers.
+    Canada Post said letter carriers in Chicoutimi and
+Jonquiere, Quebec, damaged mail sorting rooms, ripped out
+telephone lines and letter racks, overturned furniture and
+threw mail on the floor before walking out to join carriers in
+other cities on the picket line.
+    The rotating strike spread today to the Atlantic provinces
+and Vancouver. Carriers remained off the job in Edmonton and
+Vancouver while postal employees went back to work in Montreal,
+Calgary, and Cornwall, Ontario.
+    About 20 people were arrested in Eastern Canada as strikers
+scuffled with police called in to escort replacement workers
+across picket lines.
+    Letter Carriers Union of Canada President Robert McGarry
+said the new offer to the union's 20,000 members contained only
+minor changes and did not soften the agency's demand for
+concessions.
+    Canada Post officials said the agency is limited by federal
+guidlines which order the agency to eliminate its 160 mln dlrs
+deficit by next year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6963" NEWID="19127">
+<DATE>19-JUN-1987 09:13:26.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0760&#31;reute
+b f BC-/CHRYSLER-&lt;C>-TO-TEND   06-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> TO TENDER FOR ELECTROSPACE &lt;ELE></TITLE>
+<DATELINE>    DETROIT, June 19 - </DATELINE><BODY>Chrysler Corp said Electrospace Systems
+Inc agreed to be acquired under a merger agreement in which
+Chrysler will tender 27 dlrs a share for 100 pct of the
+Richardson, Texas-based defense electronics contractor.
+    It said total cost to Chrysler to buy all of the
+outstanding stock would be about 367 mln dlrs.
+    Electrospace Systems designs, develops and installs
+communications and electronic  systems and equipment for the
+specialized needs of military and commercial customers
+worldwide.
+    Chrysler said Electrospace will help its Gulfstream
+operations grow in military and commercial aircraft sales.
+    But it said there are no plans to merge Gulfstream and
+Electrospace. Rather, they will operate as "sister companies,"
+it said.
+    Chrysler said its tender offer is expected to begin by June
+25 and will be managed by First Boston Corp.
+    For the fiscal year ended April 3, 1987, Electrospace
+Systems had earnings of 10 mln dlrs on sales of 191 mln dlrs.
+The company employs 2,500 people. About 92 pct of its sales
+were to the military.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6964" NEWID="19128">
+<DATE>19-JUN-1987 09:14:26.41</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f0766&#31;reute
+u f BC-OPEC-PRESIDENT-LUKMAN   06-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPEC PRESIDENT LUKMAN EXPECTS SHORT, CALM MEETING</TITLE>
+<DATELINE>    LAGOS, June 19 - </DATELINE><BODY>OPEC conference president Rilwanu Lukman
+said he expects next week's ministerial meeting in Vienna to be
+brief and calm and that OPEC's current price and production
+agreement may only need a slight review.
+    "I expect the meeting in Vienna to be short and calm,"
+Lukman, who is also Nigerian oil minister, told reporters here
+ahead of his departure on Sunday for the conference, which
+starts June 25.
+    "We already have an agreement which may need only a slight
+review," Lukman said.
+    The agreement reached at a long session of OPEC ministers
+in December last year pegged the group's crude oil output at
+15.8 mln bpd for first half 1987 at fixed prices of around 18
+dlrs a barrel.
+    Since then prices have risen from 15 dlrs in December to
+just above the official OPEC levels, with oil industry analysts
+firmly convinced the organisation will maintain the agreement
+to keep the market stable.
+    "I myself believe that OPEC will tend to take a position to
+strengthen the gains we have made so far," Lukman said.
+    He declined to say if the current ceiling should be
+maintained or raised to 16.6 mln bpd for the third quarter and
+18.3 mln for the fourth as provisionally agreed last December.
+    "Whatever decision we arrive at will be guided by our
+collective will to keep the market strong," he said.
+    He said non-OPEC member Norway, which he visited two weeks
+ago, had pledged further cooperation with the group and this
+was significant for its members.
+    Lukman said heavy destocking by consumers early this year
+when OPEC's fixed price regime came into effect and a
+restocking now for the winter was responsible for current
+market strength.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6965" NEWID="19129">
+<DATE>19-JUN-1987 09:16:52.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0771&#31;reute
+s f BC-VMS-MORTGAGE-INVESTOR   06-19 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMS MORTGAGE INVESTORS LP II &lt;VMLPZ.O> IN PAYOUT</TITLE>
+<DATELINE>    CHICAGO, June 19 -
+    </DATELINE><BODY>Qtly div 21 cts vs 21 cts prior
+    Pay Aug 14
+    Record July One
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6966" NEWID="19130">
+<DATE>19-JUN-1987 09:17:13.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f0772&#31;reute
+r f BC-cancentral   06-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL FUND CANADA &lt;CEF> PLANS U.S. ISSUE</TITLE>
+<DATELINE>    ANCASTER, Ontario, June 19 - </DATELINE><BODY>Central Fund of Canada Ltd
+said it filed a registration statement with the U.S. Securities
+and Exchange Commission for a U.S. offering of 3,250,000 units,
+each consisting of two class A shares and one warrant.
+    Central Fund, a specialized investment holding company,
+said net proceeds will be used mainly to buy gold and silver
+bullion.
+    The issue will be underwritten by Drexel Burnham Lambert
+Inc and Wood Gundy Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6967" NEWID="19131">
+<DATE>19-JUN-1987 09:21:04.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0779&#31;reute
+u f BC-FIRST-FEDERAL-&lt;FFSD.O   06-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL &lt;FFSD.O> TO TAKE WRITEOFF</TITLE>
+<DATELINE>    DECATUR, Ala., June 19 - </DATELINE><BODY>First Federal Savings Bank said it
+will take a 274,000 dlr or 25 ct per share writeoff of its
+secondary reserve with the Federal Savings and Loan Insurance
+Corp in the third quartger ending June 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6968" NEWID="19132">
+<DATE>19-JUN-1987 09:26:32.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0797&#31;reute
+s f BC-SUFFIELD-FINANCIAL-CO   06-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUFFIELD FINANCIAL CORP &lt;SFCP.O> SETS QUARTERLY</TITLE>
+<DATELINE>    SUFFIELD, Conn., June 19 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay July 10
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6969" NEWID="19133">
+<DATE>19-JUN-1987 09:26:55.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0798&#31;reute
+d f BC-METROPOLITAN-LIFE-TO   06-19 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROPOLITAN LIFE TO OPERATE RHODE ISLAND HMO</TITLE>
+<DATELINE>    PROVIDENCE, R.I., June 19 - </DATELINE><BODY>&lt;Metropolitan Life Insurance
+Co> said it has received a license to operate a health
+maintenance organization in Rhode Island called MetLife
+HealthCare Network of Rhode Island.
+                                       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6970" NEWID="19134">
+<DATE>19-JUN-1987 09:28:30.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>kohl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0806&#31;reute
+u f BC-BONN-WILL-HOLD-TAX-RE   06-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BONN WILL HOLD TAX REFORM TIMETABLE, KOHL SAYS</TITLE>
+<DATELINE>    BONN, June 19 - </DATELINE><BODY>The West German government will stick to
+its agreed timetable and introduce tax cuts worth 44 billion
+marks from 1990, Chancellor Helmut Kohl said.
+    Kohl told a news conference, "The tax reform will be
+realised as agreed by the coalition after the (last general)
+election" in January.
+    He said the leadership of his own Christian Democratic
+party repeated its support for the tax reform timetable at a
+meeting this week. CDU vice-chairman Lothar Spaeth also
+reiterated his doubts about whether the reform was feasible as
+planned, but received no support from other party members, he
+added.
+    Kohl said the government intends to decide by the autumn
+how to raise around 19 billion marks still needed to finance
+the tax reform.
+    Subsidies paid to ailing industries are the main target for
+trimming to pay for the tax reform.
+    But politicians both inside and outside the government have
+expressed doubts about making politically painful cuts in
+subsidies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6971" NEWID="19135">
+<DATE>19-JUN-1987 09:29:07.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0812&#31;reute
+s f BC-MOTEL-6-L.P.-&lt;SIX>-SE   06-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOTEL 6 L.P. &lt;SIX> SETS QUARTERLY</TITLE>
+<DATELINE>    SANTA BARBARA, Calif., June 19 -
+    </DATELINE><BODY>Qtly div 30-1/2 cts vs 30-1/2 cts prior
+    Pay Aug 15
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6972" NEWID="19136">
+<DATE>19-JUN-1987 09:30:48.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0818&#31;reute
+b f BC-DAVIS-MINING-REVISES   06-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAVIS MINING REVISES OFFER FOR BECOR &lt;BCW></TITLE>
+<DATELINE>    SOUTH MILWAUKEE, Wis., June 19 - </DATELINE><BODY>Becor Western Inc said
+&lt;Davis Mining and Manufacturing Inc> has amended its offer for
+the company.
+    Becor said the cash portion of the offer remains unchanged
+at 10.45 dlrs a share but the principal amount of debentures
+would increase to 3.50 dlrs from 3.00 dlrs a Becor share.
+    The amended offer also includes 1.50 dlrs face value of the
+surviving corporation's 12.5 pct nonvoting cumulative preferred
+not included in the previous offer, and reduces the amount of
+the surviving corporation's common to be held by present
+shareholders to 55 pct from 60 pct.
+    Becor Western the amended Davis Mining offer is suject to
+confirmation of certain due diligence information.
+    Becor also said discussions continue with one other
+possible bidder which it still has not been identified.
+    Again, the company said it expects discussions with the
+other possible investor to conclude shortly. At that time, the
+board will evaluate all the then existing offers for Becor, it
+added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6973" NEWID="19137">
+<DATE>19-JUN-1987 09:34:09.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0826&#31;reute
+u f BC-MTECH-&lt;MTCH>-HAS-33,4   06-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MTECH &lt;MTCH> HAS 33,467 COMMERCIAL SHARES</TITLE>
+<DATELINE>    IRVING, Texas, June 19 - </DATELINE><BODY>MTech Corp said it has received
+33,467 shares of Commercial Resources Corp in response to its
+10.25 dlr per share tender offer for all 150,000 shares.
+    The company said it has extended the offer until July 2. It
+was to have expired yesterday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6974" NEWID="19138">
+<DATE>19-JUN-1987 09:34:24.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0828&#31;reute
+u f BC-DEPOSIT-GUARANTY-&lt;DEP   06-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEPOSIT GUARANTY &lt;DEPS.O> ADDS LOAN LOSSES</TITLE>
+<DATELINE>    JACKSON, MISS., June 19 - </DATELINE><BODY>Deposit Guaranty National Bank
+said it will add 8.1 mln dlrs to its loan loss reserve during
+the second quarter to cover potential foreign debt exposure in
+Latin America.
+    It said the action will reduce second quarter earnings of
+Deposit Guaranty Corp, the bank's parent, by about 60 cts a
+share.
+    It said the corporation will have a profitable quarter and
+also a strong earnings year in 1987.
+    Following the increase, Deposit Guaranty said its loan loss
+reserve will total about 37 mln dlrs, or 1.9 pct of total
+outstanding loans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6975" NEWID="19139">
+<DATE>19-JUN-1987 09:35:14.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f0834&#31;reute
+r f BC-TVA-CUSTOMERS-ASK-COU   06-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TVA CUSTOMERS ASK COURT REQUIRE DOE PAYMENT</TITLE>
+<DATELINE>    NASHVILLE, Tenn., June 19 - </DATELINE><BODY>An organization of Tennessee
+Valley Authority industrial customers said it has joined the
+TVA in asking a court to prevent the U.S. Department of Energy
+from witholding contracted payments to TVA.
+    The Tennessee Valley Industrial Committee said it is
+seeking permission to intervene in TVA's federal district court
+lawsuit requesting DOE be enjoined from witholding payments due
+under "minimum demand" provisions of the TVA's contract to
+supply electricity to uranium enrichment facilities at Oak
+Ridge, Tenn., and Paducah, Ky.
+   
+    Such provisions obligate TVA to make available a certain
+amount of power and the customer -- in this case the DOE --
+agrees to pay the fixed costs associated with that amount of
+power whether is is used or not.
+    The committee represents 27 large, energy-intensive
+industries with operations in the TVA service area. These
+industries, like DOE, are served directly by TVA as opposed to
+going through a local distributors.
+    The TVA has said DOE's intention, announced last week, to
+withhold increasing percentages of its electric bill will
+result in a revenue shortfall of about 250 mln dlrs and force
+an about six pct rate increase to all other customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6976" NEWID="19140">
+<DATE>19-JUN-1987 09:36:00.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0837&#31;reute
+h f BC-XIOX-&lt;XIOX.O>-REINCOR   06-19 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XIOX &lt;XIOX.O> REINCORPORATES IN DELAWARE</TITLE>
+<DATELINE>    BURLINGAME, Calif., June 19 - </DATELINE><BODY>Xiox Corp said it has changed
+its state of incorporation to Delaware from California.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6977" NEWID="19141">
+<DATE>19-JUN-1987 09:36:20.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0838&#31;reute
+d f BC-QMAX-TECHNOLOGY-&lt;QMAX   06-19 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QMAX TECHNOLOGY &lt;QMAX.O> SETS NEW STRUCTURE</TITLE>
+<DATELINE>    DAYTON, Ohio, June 19 - </DATELINE><BODY>Qmax Technology Corp said it has
+reorganized into three operating groups: Pharmaceutical
+Technology Group, Cosmetic Technology Group and Thermometry
+Technology Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6978" NEWID="19142">
+<DATE>19-JUN-1987 09:37:01.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0839&#31;reute
+d f BC-MICRON-TECHNOLOGY-INC   06-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRON TECHNOLOGY INC &lt;DRAM.O> 3RD QTR JUNE FOUR</TITLE>
+<DATELINE>    BOISE, Idaho, June 19 -
+    </DATELINE><BODY>Shr loss 14 cts vs loss 35 cts
+    Net loss 3,718,908 vs loss 6,714,372
+    Revs 22.8 mln vs 14.4 mln
+    Avg shrs 25.7 mln vs 19.2 mln
+    Nine mths
+    Shr loss 1.02 dlrs vs loss 1.46 dlrs
+    Net loss 24.4 mln vs loss 28.1 mln
+    Revs 61.7 mln vs 28.9 mln
+    Avg shrs 23.8 mln vs 19.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6979" NEWID="19143">
+<DATE>19-JUN-1987 09:37:38.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0843&#31;reute
+d f BC-C.O.M.B.-&lt;CMCO.O>-UNI   06-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C.O.M.B. &lt;CMCO.O> UNIT IN NEW SEVEN-YEAR PACT</TITLE>
+<DATELINE>    MINNEAPOLIS, June 19 - </DATELINE><BODY>C.O.M.B. Co said its Cable Value
+Network (CVN) unit has reached an agreement in principle with
+Tele-Communications Inc &lt;TCOM.O> to extend its current
+affiliation agreement to a new seven-year term.
+    C.O.M.B. is a direct mail and video marketing company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6980" NEWID="19144">
+<DATE>19-JUN-1987 09:37:58.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0845&#31;reute
+h f BC-OSHAP-TECHNOLOGIES-&lt;O   06-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OSHAP TECHNOLOGIES &lt;OSHSF.O> IN JOINT VENTURE</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>OSHAP Technologies Ltd said it formed a
+joint venture with the Regional Investment Co of the Wallon
+Region, a Belgian government-controlled investment company.
+    It said the agreement is subject to approval of the Israeli
+Controller of Foreign Exchange.
+    Under the agreement OSHAP will establish a new corporation
+which will own all of OSHAP's operations in Europe, including
+its manufacturing facility in Antwerp, Belgium and distribution
+rights to OSHAP's other products in Europe.
+                                        
+    The newly formed company will acquire from the Regional
+Investment Co of the Walloon Region (SPIW) about 88 pct of
+Pegard Productics S.A. and SPIW will be entitled to receive for
+its interest in Pegard about 37 pct of the outstanding shares
+of the new company.
+    In addition, if the National Investment Co of Belgium, a
+Belgium government controlled investment company, chooses to
+participate in the transaction, it will be entitled to receive
+a 4.7 pct stake in the new company for its 12 pct interest in
+Pegard.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6981" NEWID="19145">
+<DATE>19-JUN-1987 09:46:17.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L 
+&#22;&#22;&#1;f0865&#31;reute
+u f BC-slaughter-guesstimate   06-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 265,000 to 270,000 head versus
+275,000 week ago and 248,000 a year ago.
+    Saturday's hog slaughter is guesstimated at about 30,000 to
+45,000 head.
+    Cattle slaughter is guesstimated at about 127,000 to
+130,000 head versus 132,000 week ago and 132,000 a year ago.
+    Saturday's cattle slaughter is guesstimated at about 25,000
+to 40,000 head.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6982" NEWID="19146">
+<DATE>19-JUN-1987 09:46:55.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f0868&#31;reute
+r f BC-INTEGRATED-RESOURCES   06-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEGRATED RESOURCES &lt;IRE> UNIT OFFERS DEBT</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Investment banker Drexel Burnham
+Lambert Inc said it has privately placed 180 mln dlrs of
+multi-class real estate mortgage investment conduits, or
+REMIC's, of Integrated Resources Inc's Capitol Life Insurance
+Co subsidiary.
+    The company said the REMIC's were placed in two series of
+about 300 seasoned multifamily and commercial loans each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6983" NEWID="19147">
+<DATE>19-JUN-1987 09:48:54.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f0873&#31;reute
+r f BC-BYRD-URGES-REAGAN-TO   06-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BYRD URGES REAGAN TO GET INVOLVED IN BUDGET</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>Senate majority leader Robert Byrd
+urged President Reagan to negotiate with the Democratic-led
+Congress over budget matters.
+    He told reporters that Reagan and Republicans failed to
+help write the budget expected to get final congressional
+approval next week.
+    He said it was time for Reagan to move from his "hobby horse"
+and get into the negotiations over tax and defence matters, the
+two issues dividing Reagan and Democrats.
+    Reagan has said he would veto any bill implementing the
+suggested 19 billion dlrs in 1988 taxes in the budget.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6984" NEWID="19148">
+<DATE>19-JUN-1987 09:50:27.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0875&#31;reute
+r f BC-&lt;DIGITAL-OPTRONICS-CO   06-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;DIGITAL OPTRONICS CORP> SETS INITIAL OFFERING</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>Digital Optronics Corp said it has
+filed for an initial public offering of 850,000 common shares
+at an expected price of six to 6.50 dlrs a share through
+underwriters led by Yorke McCarter Owen and Bartels Inc and
+Norris and Hirshberg Inc.
+    The company said Acme-Cleveland Corp &lt;AMT> and Digital
+Signal Corp are investors in Digital Optronics. which makes
+artifical vision sensors and laser radar.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6985" NEWID="19149">
+<DATE>19-JUN-1987 09:54:09.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0880&#31;reute
+h f BC-NEWS-CORP-UNIT-LOAN-T   06-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWS CORP UNIT LOAN TO RISE TO 888 MLN H.K. DLRS</TITLE>
+<DATELINE>    HONG KONG, June 19 - </DATELINE><BODY>The proposed 500 mln Hong Kong dlr
+transferable loan facility for &lt;South China Morning Post Co
+Ltd>, a unit of News Corp Ltd &lt;NCPA.S>, will be raised to 888
+mln dlrs, lead manager Manufacturers Hanover Asia Ltd said.
+    The loan was more than three times oversubscribed in
+syndication with 1.2 billion dlrs raised.
+    Manufacturers Hanover Asia and the other three lead
+managers, Amsterdam-Rotterdam Bank, Bank of Tokyo and Westpac
+Banking Corp, will each contribute 36 mln dlrs.
+    There are 33 managers and seven co-managers.
+
+    Allotments for managers who were invited to contribute 40
+mln dlrs will be cut to 20 mln dlrs, while those for
+co-managers invited to contribute 25 mln dlrs will be reduced
+to 12 mln dlrs.
+    The five-year loan facility, with a 3-1/2 year grace
+period, will be borrowed under the name of South China Morning
+Post Finance Ltd and guaranteed by News Corp.
+    Interest is set at 1/2 percentage point over Hong Kong
+interbank offered rate for the first two years, rising to 5/8
+point thereafter.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6986" NEWID="19150">
+<DATE>19-JUN-1987 09:55:36.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0886&#31;reute
+s f BC-SOUTHEAST-BANKING-COR   06-19 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHEAST BANKING CORP &lt;STB> SETS QUARTERLY</TITLE>
+<DATELINE>    MIAMI, June 19 -
+    </DATELINE><BODY>Qtly div 22 cts vs 22 cts prior
+    Pay July 10
+    Record June 29
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6987" NEWID="19151">
+<DATE>19-JUN-1987 09:55:45.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0887&#31;reute
+b f BC-NIPPON-OIL-AND-FATS-I   06-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON OIL AND FATS ISSUES EQUITY WARRANT EUROBOND</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Nippon Oil and Fats Co Ltd is issuing a
+70 mln dlr equity warrant eurobond due July 15, 1992 with an
+indicated coupon of 1-3/8 pct and par pricing, lead manager
+Yamaichi International (Europe) Ltd said.
+    The issue is guaranteed by Fuji Bank Ltd and final terms
+will be fixed on June 25. The selling concession is 1-1/2 pct
+while management and underwriting combined pays 3/4 pct.
+    The issue is available in denominations of 5,000 dlrs and
+will be listed in Luxembourg. The payment date is July 15 and
+the warrants are exercisable from July 29, 1987 until June 30,
+1992.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6988" NEWID="19152">
+<DATE>19-JUN-1987 09:57:13.78</DATE>
+<TOPICS><D>acq</D><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f0892&#31;reute
+r f BC-TOTAL-ERICKSON-&lt;TLE.T   06-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTAL ERICKSON &lt;TLE.T> BUYS MINING PROPERTY</TITLE>
+<DATELINE>    VANCOUVER, B.C., June 19 - </DATELINE><BODY>Total Erickson Resources Ltd and
+Consolidated Silver Standard Mines Ltd &lt;CDS.V> said that Total
+Erickson has purchased all Consolidated's interests in its Dome
+Mountain property for 60,000 Total Erickson shares and 70,000
+dlrs in cash.
+    The companies said the property has several gold-bearing
+veins and has considerable exploration potential.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6989" NEWID="19153">
+<DATE>19-JUN-1987 09:57:20.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0893&#31;reute
+u f BC-SOUTHERN-NATIONAL-COR   06-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN NATIONAL CORP &lt;SNAT.O> RAISING PAYOUT</TITLE>
+<DATELINE>    LUMBERTON, N.C., June 19 - </DATELINE><BODY>Southern National Corp said its
+board approved increasing the dividend rate to 78 cts a year
+from 76 cts, effective with the next quarterly dividend which
+will be declared in July, payable August One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6990" NEWID="19154">
+<DATE>19-JUN-1987 09:57:36.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0894&#31;reute
+d f BC-BETA-PHASE-&lt;BETA.O>-L   06-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BETA PHASE &lt;BETA.O> LANDS FIRST MAJOR SALE</TITLE>
+<DATELINE>    MENLO PARK, Calif., June 19 - </DATELINE><BODY>Beta Phase Inc said it has
+negotiated the first major sale of its SMArtClamp electronic
+intravenous infusion device.
+    The company said Sharp Memorial Hospital, which
+participated in clinical tests of the device, has ordered 100
+SMArtClamps.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6991" NEWID="19155">
+<DATE>19-JUN-1987 09:59:07.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0899&#31;reute
+u f BC-NAT'L-COMPUTER-&lt;NLCS.   06-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAT'L COMPUTER &lt;NLCS.O> TO BUY DATA CARD STAKE</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., June 19 - </DATELINE><BODY>National Computer Systems Inc
+said it agreed to acquire Deluxe Check Printers Inc's &lt;DLX> 38
+pct stake in Data Card Corp.
+    National Computer said it plans to issue 45 mln dlrs in
+five year subordinated convertible debentures to purchase the
+3,749,401 shares of Data Card from Deluxe.
+    Completion of the proposed transaction, subject to
+regulatory approval, is expected in mid-July, it said.
+   
+    The debenture will bear an increasing rate of interest over
+its term, with a 7.3 pct weighted average rate and will be
+convertible into National Computer common stock at 20 dlrs a
+share, it said.
+    Separately, Deluxe said its Data Card investment no longer
+fits its business strategy. Deluxe has held an interest in Data
+Card since 1975 when it provided funds for Data Card to buy
+Troy Computer Products Corp. In November 1986, Data Card said
+it planned to sell its Troy division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6992" NEWID="19156">
+<DATE>19-JUN-1987 10:03:25.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0913&#31;reute
+f f BC-DEBT-RESCHEDULING-PAC   06-19 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DEBT RESCHEDULING PACKAGE FOR NIGERIA MAY BE SIGNED BY
+MID-SEPTEMBER, BARCLAYS/NIGERIA SAY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6993" NEWID="19157">
+<DATE>19-JUN-1987 10:07:15.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f0929&#31;reute
+d f BC-CANADIAN-TAX-REFORM-C   06-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN TAX REFORM CALLED AN IMPORTANT STEP</TITLE>
+<AUTHOR>    By Larry Welsh, Reuters</AUTHOR>
+<DATELINE>    OTTAWA, June 18 - </DATELINE><BODY>Canada's sweeping tax reform package,
+announced today, is an important step towards a fairer system,
+but is not as bold a revamp of the tax structure as some had
+expected, economists and business leaders said.
+    "It's the biggest step towards tax reform we've taken in a
+great many years," Merrill Lynch Canada Inc chief economist
+Michael Manford told Reuters.
+    "But the system is the same old system with a lot of
+important changes, as opposed to a brand new system," he added.
+    Manford said changes introduced by Finance Minister Michael
+Wilson did not go far enough in simplifying the federal tax
+system. They represent evolutionary rather than revolutionary
+reform.
+    "Overall, I thought that it was a more timid step than we
+were led to believe," he said.
+    Wilson's move to increase money collected from corporations
+while cutting individual taxes "is probably an acceptable shift,"
+said Bill James, president of Falconbridge Ltd, an
+international mining company.
+    Wilson spread corporate tax increases fairly evenly across
+the corporate sector, James said. "So it's not going to hit
+anyone too hard and we will remain competitive."
+    Wilson said in his speech to the House of Commons that
+Canada's tax system needed to be changed to compete with
+sweeping reforms in the United States last year.
+    "The critical thing on the corporate side is that Wilson
+moved most of the taxes much closer to the U.S. System," Manford
+said.
+    The federal government increased taxes paid by corporations
+by about five billion dlrs over the next five years, but
+lowered personal taxes by 11 billion dlrs in the same period.
+    Despite collecting more corporate taxes, Wilson was able to
+lower the tax rate on individual companies by removing many
+special tax exemptions and broadening the tax base.
+    Wilson's plan also reduced the capital cost allowance, used
+by companies to write off major investments, which some
+business spokesmen said will hurt business in the long run.
+    "That will affect some investment decisions negatively," said
+Laurent Thiebeault, Canadian Manufacturers Association
+president.
+    Tax analysts said for some industries it will take several
+days to assess the impact of the capital cost allowance
+reductions that will be made over a number of years.
+    As anticipated, Canada's opposition parties signalled they
+intend to fight the new tax measures as they are introduced in
+Parliament over the next few months.
+    "It's not tax reform, it's a tax grab," said Liberal leader
+John Turner.
+    Turner labelled changes to the federal sales tax "a money
+machine for the minister of finance."
+    Wilson broadened the federal sales tax to include
+additional products and also promised to introduce a
+broad-based, multi-staged sales tax.
+    "It's not at all a fair package and Canadians are going to
+see that very quickly," New Democratic Party leader Ed Broadbent
+said.
+    However, economist Manford said Wilson acted wisely to
+protect lower income Canadians by providing tax credits that
+will cut 850,000 people from the tax rolls.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6994" NEWID="19158">
+<DATE>19-JUN-1987 10:10:39.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f0937&#31;reute
+u f BC-WET-WEATHER-NO-REAL-P   06-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WET WEATHER SEEN NO PROBLEM YET FOR FRENCH FARMS</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>The wet, cold weather which has shrouded
+northern Europe recently is not a real problem for farmers yet,
+a spokeswoman for France's largest farm union, FNSEA, said.
+    The bad weather has only affected the northern part of
+France while the Mediterranean region needs more moisture.
+    Sugar beet producers said the climatic conditions are not
+causing them any difficulties yet although there could be
+problems if there is a lack of sun in the next few weeks.
+    The only real problem is for fruit producers in the north
+as people are consuming less fresh fruit and excessive rain
+rots the crop, she said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6995" NEWID="19159">
+<DATE>19-JUN-1987 10:11:08.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0938&#31;reute
+d f BC-MICROSEMI-&lt;MSCC.O>-AC   06-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROSEMI &lt;MSCC.O> ACQUIRES HYBRID COMPONENTS</TITLE>
+<DATELINE>    SANTA ANA, Calif., June 19 - </DATELINE><BODY>Microsemi Corp, a supplier of
+semiconductor products and assemblies, said it has acquired the
+operating assets of &lt;Hybrid Components Inc> for 2.2 mln dlrs in
+cash.
+    Microsemi said the purchase includes the fixed assets,
+software, inventories, technology, intellectual properties and
+other business operations of HCI.
+    The company said HCI will continue to operate its Beverly
+plant as a subsidiary of Microsemi.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6996" NEWID="19160">
+<DATE>19-JUN-1987 10:11:30.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0940&#31;reute
+b f BC-NIGERIA-MAY-SIGN-DEBT   06-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIA MAY SIGN DEBT RESCHEDULING IN SEPTEMBER</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>A target date of mid-September has been
+set for the signing of a package rescheduling Nigeria's medium
+term public sector debt and outstanding letter of credit
+claims, Nigeria and Barclays Bank Plc said in a joint
+statement.
+    The statement was issued during the last of a two day
+meeting here between the two sides. Barclays is a co-chairman
+of the commercial bank steering committee.
+    The statement said, "Further progress has been made in the
+1986/87 rescheduling of medium term public sector debt and
+outstanding letter of credit claims."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6997" NEWID="19161">
+<DATE>19-JUN-1987 10:12:43.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0942&#31;reute
+s f BC-CITIZENS-FIRST-BANCOR   06-19 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS FIRST BANCORP INC &lt;CFB> DIVIDEND SET</TITLE>
+<DATELINE>    GLEN ROCK, N.J., June 19 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts previously
+    Pay August One
+    Record July 22
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6998" NEWID="19162">
+<DATE>19-JUN-1987 10:12:53.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0943&#31;reute
+r f BC-THERAGENICS-&lt;THRX.O>   06-19 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THERAGENICS &lt;THRX.O> GETS CANCER PROCESS PATENT</TITLE>
+<DATELINE>    ATLANTA, June 19 - </DATELINE><BODY>Theragenics Corp said it will receive a
+U.S. patent on its TheraSeed localized radiation therapy for
+treatment of prostate cancer, effective June 23.
+    It said it has obtained product liability insurance for
+Theraseed and expects commercial sales and distribution to
+start by July 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6999" NEWID="19163">
+<DATE>19-JUN-1987 10:14:20.43</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0948&#31;reute
+u f BC-REAGAN-SAYS-TRADE-BIL   06-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAYS TRADE BILL FACES VETO IN PRESENT FORM</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>President Reagan said he would veto a
+House-passed trade bill requiring mandatory retaliation for
+"unfair trade" if it reached its desk in its present form.
+    In a statement at a White House meeting with Senate
+Republicans on the legislation, he said: "I would have no choice
+but to veto that bill in its present form."
+    He said the measure "would move us exactly in the wrong
+direction" towards high tariffs, trade barriers, trade
+distorting subsidies, slow growth and crimped world markets,
+and would destroy jobs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7000" NEWID="19164">
+<DATE>19-JUN-1987 10:15:19.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sudan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0951&#31;reute
+u f BC-SUDAN-BOOSTS-BUDGET-C   06-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUDAN BOOSTS BUDGET CASH FOR DEBT SERVICING</TITLE>
+<DATELINE>    KHARTOUM, June 19 - </DATELINE><BODY>Sudan has set aside 781.6 mln dlrs to
+service foreign debts in 1987/88, according to budget plans
+presented to parliament.
+    This compares with 200 mln dlrs earmarked for debt
+repayment in the year ending June 30. Sudan has a foreign debt
+totalling 10.6 billion dlrs.
+    Finance Minister Beshir Omar, presenting plans to
+parliament last night, put the budget deficit at 2.88 billion
+pounds, against 2.85 billion in 1986/87.
+    He said the budget would be the first in a four-year
+economic recovery plan to be announced by the end of December.
+    Of the total set aside for debt servicing, Omar said 574.6
+mln dlrs would go to principal and 207 mln to interest
+payments.
+    Sudan has an annual debt liability of 900 mln dlrs,
+Khartoum-based Western experts say.
+    Omar said last March it would be difficult, "if not
+impossible," for Sudan to meet scheduled debt repayments of 4.17
+billion dlrs over the next five years.
+    He said last night Sudan was 2.6 billion dlrs in arrears on
+debt repayments in the first half of this year.
+    The experts say Sudan owes 23 pct of its foreign debt to
+Western government creditors, 32 pct to governments of Eastern
+bloc and Arab countries and 21 pct to commercial banks, with
+most of the rest owed to multilateral sources.
+    Sudan, unable to fully service its debts since 1985 and
+declared ineligible last year by the International Monetary
+Fund for fresh loans, has been servicing only creditors banned
+from extending fresh loans to recipients in arrears.
+    Omar said government revenue in 1987/88 would total 3.9
+billion pounds. Expenditure was put at 6.79 billion pounds.
+    He said the budget deficit would be fully covered by loans,
+government deposits and other sources.
+    Omar said 375 mln pounds would be spent on subsidising
+sugar and wheat flour prices in 1987/88.
+    He said some of Sudan's Western backers were witholding aid
+until an agreement with the IMF was reached.
+    Sudan, which owes the IMF 450 to 500 mln dlrs in arrears,
+is scheduled to hold fresh talks with the Fund in late July or
+August on reforming its economy and clearing arrears.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7001" NEWID="19165">
+<DATE>19-JUN-1987 10:16:28.55</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>rice</D></TOPICS>
+<PLACES><D>ghana</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f0959&#31;reute
+d f BC-GHANA-LIFTS-RICE/MAIZ   06-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GHANA LIFTS RICE/MAIZE IMPORT BAN DUE TO DROUGHT</TITLE>
+<DATELINE>    ACCRA, June 19 - </DATELINE><BODY>Ghana has lifted a ban on rice and maize
+imports due to crop problems caused by unusually dry weather,
+the official Ghana News Agency (GNA) reported today.
+    Secretary for Finance and Economic Planning Kwesi Botchwey
+made the announcement last night while accepting 7,891 tonnes
+of rice worth about four mln dlrs under a Japanese food aid
+programme.
+    The lifting of the ban, imposed earlier this year, follows
+government concern over "lower than average rainfall in southern
+Ghana and its implications for the major harvest."
+    Botchwey said rain has been lacking in major cereal growing
+areas throughout the south this year. The Ministry of
+Agriculture has predicted a fall of at least 25 pct in all
+major staple crops including maize, rice and cassava.
+    GNA quoted Botchwey as saying that while the consequences
+of current reduced rainfall will be nowhere near the drought
+experiences of 1982/83 the government has taken steps to
+alleviate anticipated food production shortfalls.
+    The failure of seasonal rains has already seriously
+affected drinking water supplies, farming and fishing in parts
+of the Central and Volta regions of Ghana where rivers have
+dried up.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7002" NEWID="19166">
+<DATE>19-JUN-1987 10:16:54.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0963&#31;reute
+s f BC-&lt;MICROTEL>-TO-LOWER-L   06-19 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;MICROTEL> TO LOWER LONG DISTANCE RATES</TITLE>
+<DATELINE>    BOCA RATON, FLA., June 19 - </DATELINE><BODY>Microtel, a fiber optic long
+distance company, said it plans to lower rates for interstate
+one plus dialing by 4.8 pct and LaserPLUS WATS service by 7.4
+pct, effective July 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7003" NEWID="19167">
+<DATE>19-JUN-1987 10:22:34.12</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>leigh-pemberton</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0981&#31;reute
+u f BC-U.K.-CENTRAL-BANK-WAR   06-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. CENTRAL BANK WARNS OF EXCESSIVE RATE CUTS</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Bank of England governor Robin
+Leigh-Pemberton said lowering interest rates too fast could
+jeopardise recent economic achievements in the U.K.
+    In remarks prepared for delivery to businessmen in
+Birmingham, he said prospective returns on real investment are
+more favourable, relative to those on financial assets, than
+for a good number of years.
+    "It would surely be foolish to put that favourable
+conjuncture at risk by lowering interest rates prematurely or
+excessively," he said.
+    "We might enjoy a short-term boost to activity, but at the
+risk of a damaging return to the uncertainty and acrimony of
+high inflation," he added.
+    Leigh-Pemberton said he recognised there are some who would
+argue that interest rates are still too high and deter
+investment in industry.
+    "But we should not forget that less than a year ago we were
+intervening to support sterling and had some temporary
+difficulty in persuading the markets that a one pct increase in
+base rates, to 11 pct, was a sufficient tightening of policy at
+the time," he added. Base rate is currently nine pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7004" NEWID="19168">
+<DATE>19-JUN-1987 10:23:28.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0982&#31;reute
+f f BC-AMERICAN-GREETI   06-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN GREETINGS CORP 1ST QTR SHR 42 CTS VS 53 CTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7005" NEWID="19169">
+<DATE>19-JUN-1987 10:26:28.52</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f0988&#31;reute
+u f BC-EC-FARM-PRICE-TALKS-F   06-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAILURE OF EC FARM PRICE TALKS DISRUPTS TENDERS</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>There will be no serious bids at European
+Community open market tenders for wheat and barley until EC
+farm ministers agree to the 1987/88 farm price package, trade
+sources said.
+    The failure of farm ministers this week to come to an
+agreement resulted in no bids at this week's tender for export
+subsidies and traders said bids are unlikely as long as the
+uncertainty remains.
+    One trader said permanent damage to export prospects can be
+avoided if an agreemend can be reached soon, but the situation
+will become more serious as time passes.
+    However, traders said there seem to be few buyers around,
+lessening the disruptive impact of the delay.
+    Poland and South Korea, who are in the market for feed
+wheat, will be offered intervention grain through special
+tenders, traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7006" NEWID="19170">
+<DATE>19-JUN-1987 10:29:42.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0999&#31;reute
+b f BC-AMERICAN-GREETINGS-CO   06-19 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN GREETINGS CORP &lt;AGREA.O> 1ST QTR NET</TITLE>
+<DATELINE>    CLEVELAND, June 19 - </DATELINE><BODY>Period ended May 31
+    Shr 42 cts vs 53 cts
+    Net 13,600,000 vs 17,100,000
+    Revs 263.3 mln vs 243.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7007" NEWID="19171">
+<DATE>19-JUN-1987 10:29:57.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1001&#31;reute
+b f BC-AMERICAN-GREETINGS-CO   06-19 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN GREETINGS CORP &lt;AGREA.O> 1ST QTR NET</TITLE>
+<DATELINE>    CLEVELAND, June 19 - </DATELINE><BODY>Period ended May 31
+    Shr 42 cts vs 53 cts
+    Net 13,600,000 vs 17,100,000
+    Revs 263.3 mln vs 243.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7008" NEWID="19172">
+<DATE>19-JUN-1987 10:30:02.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1002&#31;reute
+u f BC-TEXAS-INSTRUMENTS-INC   06-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INSTRUMENTS INC &lt;TXN> RAISES QUARTERLY</TITLE>
+<DATELINE>    DALLAS, June 19 -
+    </DATELINE><BODY>Qtly div 18 cts vs 16.6 cts prior
+    Pay July 20
+    Record June 30
+    NOTE: Prior payment adjusted for three-for-one stock split.
+ In April, company had announced its intention to raise the
+dividend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7009" NEWID="19173">
+<DATE>19-JUN-1987 10:30:11.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1003&#31;reute
+u f BC-HEALTHCARE-SERVICES-&lt;   06-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTHCARE SERVICES &lt;HSAI.O> NAMES EXECUTIVES</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., June 19 - </DATELINE><BODY>Healthcare Services of America
+Inc said its chairman and chief executive officer, Charles
+Speir, resigned and its president and chief operating officer,
+Thomas Rodgaers Jr, was relieved of his duties.
+    Michael Cronin will take over as chairman and Michael
+Murphy as acting president and chief executive officer, the
+company said.
+    Cronin has been a director of the company since 1983 and
+Murphy has been a consultant to the compay, Healthcare Services
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7010" NEWID="19174">
+<DATE>19-JUN-1987 10:30:29.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1005&#31;reute
+u f BC-TEXAS-UTILITIES-CO-&lt;T   06-19 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS UTILITIES CO &lt;TXU> 12 MOS MAY 31 NET</TITLE>
+<DATELINE>    DALLAS, June 19 -
+    </DATELINE><BODY>Shr 4.61 dlrs vs 4.28 dlrs
+    Net 663.3 mln vs 590.8 mln
+    Rev 4.03 billion vs 4.06 billion
+    Avg shares 143.9 mln vs 138.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7011" NEWID="19175">
+<DATE>19-JUN-1987 10:36:48.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1033&#31;reute
+r f BC-NATIONAL-FUEL-GAS-CO   06-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL FUEL GAS CO &lt;NFG> INCREASES DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, June 19 -
+    </DATELINE><BODY>Qtrly 57 cts vs 30 cts
+    Pay July 15
+    Record June 30
+    NOTE: recent dividend based two-for-one stock split
+effected Wednesday, June 17. Based on pre-split shares the
+dividend would have been 60 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7012" NEWID="19176">
+<DATE>19-JUN-1987 10:36:56.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1034&#31;reute
+d f BC-GTE-&lt;GTE>-UNIT-GETS-C   06-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE &lt;GTE> UNIT GETS CONTRACT FOR PRODUCTS</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>GTE Corp said its Fiber Optic Products
+division was awarded a 250,000 dlr minimum contract by NYNEX
+Corp's &lt;NYN> Enterprise Co.
+    The bulk of the agreement applies to GTE's elastomeric
+glass tube splice products, the company said, as well as other
+fiber optic components, including GTE's recently-introduced
+cleaving tool and installation kit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7013" NEWID="19177">
+<DATE>19-JUN-1987 10:37:00.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1035&#31;reute
+h f BC-KAYPRO-&lt;KPRO.O>-DEALE   06-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAYPRO &lt;KPRO.O> DEALER WINS NETWORKING CONTRACT</TITLE>
+<DATELINE>    ANCHORAGE, Alaska, June 19 - </DATELINE><BODY>&lt;Alaska Micro Systems>, a
+Kaypro dealer, said the Anchorage School District chose it to
+provide 116,000 dlrs of computer equipment to Chugiak High
+School for computer and typing classes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7014" NEWID="19178">
+<DATE>19-JUN-1987 10:37:08.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1036&#31;reute
+h f BC-BOSTON-DIGITAL-CORP-&lt;   06-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOSTON DIGITAL CORP &lt;BOST.O> 4TH QTR NET</TITLE>
+<DATELINE>    MILFORD, MASS., June 19 - </DATELINE><BODY>Period ended April 30
+    Shr profit nil vs loss eight cts
+    Net profit 4,000 vs loss 213,000
+    Sales 3,668,000 vs 2,602,000
+    Year
+    Shr loss 18 cts vs loss 23 cts
+    Net loss 482,000 vs loss 614,000
+    Sales 12.5 mln vs 13.6 mln
+    NOTE: 1987 earnings in each period include a provision for
+unrealized loss on marketable securities of 176,000 dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7015" NEWID="19179">
+<DATE>19-JUN-1987 10:37:12.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1037&#31;reute
+s f BC-FEDERATED-FINANCIAL-S   06-19 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED FINANCIAL SAVINGS &lt;FEDF.O> IN PAYOUT</TITLE>
+<DATELINE>    MILWAUKEE, June 19 -
+    </DATELINE><BODY>Qtly div 8.5 cts vs 8.5 cts prior
+    Pay Aug Five
+    Record July 20
+    NOTE: Federated Financial Savings and Loan Association.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7016" NEWID="19180">
+<DATE>19-JUN-1987 10:38:30.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1040&#31;reute
+d f BC-COLONIAL-BANCGROUP-&lt;C   06-19 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLONIAL BANCGROUP &lt;CLBGA> BUYS DESTIN BANK</TITLE>
+<DATELINE>    MONTGOMERY, Ala., June 19 - </DATELINE><BODY>Colonial Bancgroup said it
+agreed to buy &lt;First National Bank of Destin> for an
+undisclosed sum.
+    The company said if it is approved, the sale will mark its
+second move to acquire a Florida bank.
+    It said it signed a letter of intent to buy Liberty Bank of
+Pensacola in April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7017" NEWID="19181">
+<DATE>19-JUN-1987 10:39:33.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1043&#31;reute
+b f BC-CHRYSLER-&lt;C>-HAS-NO-P   06-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> HAS NO PLANS TO RAISE BID</TITLE>
+<DATELINE>    DETROIT, June 19 - </DATELINE><BODY>Chrysler Corp said it has no intention
+of increasing its offer for Electrospace Systems Inc &lt;ELE>.
+    Chrysler agreed to purchase the Texas-based defense
+electronics contractor in a tender offer of 27 dlrs a share for
+a total value of about 367 mln dlrs.
+    Eletrospace shares closed yesterday on the NYSE at 30-1/8.
+    "We have no intention of increasing the offer," a company
+spokeswoman said. "We believe it is adequate and will be
+accepted."
+    She said the proposed transaction was unanimously
+recommended by the board of directors and principal
+shareholders of Electrospace.
+    Further, she noted that the 27 dlrs tender offer price is
+50 pct above the price of Electrospace's shares before April 30
+when it put itself up for sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7018" NEWID="19182">
+<DATE>19-JUN-1987 10:40:13.15</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E 
+&#22;&#22;&#1;f1047&#31;reute
+f f BC-TEXACO-CANADA-R   06-19 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEXACO CANADA RAISES CRUDE OIL POSTINGS 24 CANADIAN
+CTS/BBL, LIGHT SWEET NOW 25.60 DLRS/BBL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7019" NEWID="19183">
+<DATE>19-JUN-1987 10:40:42.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1053&#31;reute
+r f BC-ARMCO-INC-&lt;AS>-UNIT-F   06-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMCO INC &lt;AS> UNIT FORMS JOINT VENTURE FIRM</TITLE>
+<DATELINE>    PARSIPPANY, N.J., June 19 - </DATELINE><BODY>Armco said its Northern
+Automatic Electric Foundry Co unit formed a joint venture
+company with Stelco Inc &lt;STE.TO> unit Stelco Erie Corp.
+    The companies said the new firm, which will be called M.E.
+International, will represent an investment of 15 mln dlrs for
+the companies involved.
+    They said the venture will produce cast grinding media and
+mill liners for the mining industry.
+    The companies said the venture will also include the assets
+of the Evans Duluth Steel Castings Co which have been bought
+from the Evans Asset Holding Co for an undisclosed sum.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7020" NEWID="19184">
+<DATE>19-JUN-1987 10:43:19.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1065&#31;reute
+d f BC-COMPUTER-PRODUCTS-&lt;CP   06-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER PRODUCTS &lt;CPRD> SELLS CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Computer Products Inc is raising 35 mln
+dlrs through an offering of convertible subordinated debentures
+due 1997 with a 9-1/2 pct coupon and par pricing, said sole
+manager Robinson-Humphrey Co Inc.
+    The debentures are convertible into the company's common
+stock at 4.625 dlrs per share, representing a premium of 23.33
+pct over the stock price when terms on the debt were set.
+    Non-callable for three years, the issue is rated B-3 by
+Moody's and CCC-minus by Standard and Poor's. The gross spread
+is 38.75 dlrs, the selling concession is 20 dlrs and the
+reallowance is 10 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7021" NEWID="19185">
+<DATE>19-JUN-1987 10:44:04.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f1066&#31;reute
+r f BC-FEDERATED-FINANCIAL-&lt;   06-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED FINANCIAL &lt;FEDF.O> WRITES OFF RESERVE</TITLE>
+<DATELINE>    MILWAUKEE, Wis., June 19 - </DATELINE><BODY>Federated Financial Savings and
+Loan Association said it wrote off its FSLIC secondary reserve
+balance, previously carried as an asset, as required by the
+Federal Home Loan Bank Board.
+    The reduction of income is estimated to be 16 cts per
+share, but the company said it will record a profit for the
+third quarter ending June 30.
+    Federated said the elimination of the reserve will not
+affect its ability to pay dividends to stockholders and will
+have a minimal impact on annual profits for the fiscal year
+ending Sept 30, 1987.
+   
+    Federated said the secondary reserve consists of previous
+contributions to the FSLIC fund in excess of insurance
+premiums, along with accumulated earnings on those
+contributions.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7022" NEWID="19186">
+<DATE>19-JUN-1987 10:44:16.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1067&#31;reute
+d f BC-NORTHEAST-SAVINGS-&lt;NE   06-19 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHEAST SAVINGS &lt;NESA.O> SETS INITIAL PAYOUT</TITLE>
+<DATELINE>    HARTFORD, Conn., June 19 - </DATELINE><BODY>Northeast Savings said its board
+declared an initial quarterly dividend of 15 cts per share,
+payable August One, record July 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7023" NEWID="19187">
+<DATE>19-JUN-1987 10:44:20.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f1068&#31;reute
+f f BC-S/P-WITHDRAWS-R   06-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>S/P WITHDRAWS RATINGS ON CAESARS WORLD, CITES REFINANCE
+PLAN
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7024" NEWID="19188">
+<DATE>19-JUN-1987 10:44:49.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1071&#31;reute
+u f BC-NETWORK-SECURITY-&lt;NTW   06-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NETWORK SECURITY &lt;NTWK.O> HOLDERS TO SELL STOCK</TITLE>
+<DATELINE>    DALLAS, June 19 - </DATELINE><BODY>Network Security Corp said three of its
+major shareholders have executed definitive agreements to sell
+their shares to Inspectorate International &lt;INSZ.Z> SA.
+    The company said its previously-announced merger into
+Inspectorate is still subject to approval by Network
+shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7025" NEWID="19189">
+<DATE>19-JUN-1987 10:45:03.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1072&#31;reute
+r f BC-MELAMINE-CHEMICALS-FI   06-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELAMINE CHEMICALS FILES FOR INITIAL OFFERING</TITLE>
+<DATELINE>    DONALDSONVILLE, La., June 19 - </DATELINE><BODY>&lt;Melamine Chemicals Inc>
+said it has filed for an initial public offering of 2,800,000
+common shares through underwriters led by PaineWebber Group Inc
+&lt;PWJ>.
+    The company said it will sell 1,400,000 shares and the rest
+will be sold by Ashland Oil Inc &lt;ASH> and First Mississippi
+Corp &lt;FRM>, Melamine's two shareholders.  Proceeds will be used
+to build a new melamine plant, buy the existing plant from
+Ashland and First Mississippi and part of a special dividend to
+Ashland and First Mississippi. 
+    In Ashland, Ky., Ashland Oil said it is selling 700,000
+shares and First Mississippi 700,000 of Melamine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7026" NEWID="19190">
+<DATE>19-JUN-1987 10:46:15.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1076&#31;reute
+d f BC-AMERICAN-FEDERAL-SAVI   06-19 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN FEDERAL SAVINGS &lt;AFSL.O> QTLY DIV</TITLE>
+<DATELINE>    DENVER, June 19 - 
+    </DATELINE><BODY>Qtly div 75 cts vs 75 cts prior
+    Pay July 14
+    Record June 30
+    Note:the company's full name is American Federal Savings   
+ and Loans Association of Colorado
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7027" NEWID="19191">
+<DATE>19-JUN-1987 10:46:25.47</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1077&#31;reute
+u f BC-U.K.-LENDERS-OFFER-MO   06-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. LENDERS OFFER MORE FIXED RATE MORTGAGES</TITLE>
+<AUTHOR>    By Norma Cohen, Reuters</AUTHOR>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>More U.K. Lenders are offering homebuyers
+fixed interest rate mortgages under which the borrower makes
+the same monthly payment no matter what happens to other
+interest rates.
+    And with mortgage rates now at their lowest levels in
+years, the loans have been snapped up by eager home buyers
+trying to lock into cheap money.
+    The decision to offer fixed rate loans, industry officials
+said, reflects the increasingly competitive nature of the home
+mortgage business.
+    While fixed rate mortgages are uncommon in the U.K., They
+were the mainstay of the business in the U.S. Up until only a
+few years ago.
+    But in the early 1980s interest rates soared. U.S. Lenders,
+mostly savings and loan associations, were earning rates as low
+as three pct on 30 year fixed rate mortgages they held in their
+portfolios but had to pay depositors rates as high as 15 pct to
+induce them to retain their accounts.
+    As a result hundreds of institutions collapsed or were
+forced to merge. The survivors decided to offer mortgages whose
+rates would move in line with the cost of funds.
+    "We very much have the example of the U.S. Thrifts in mind,"
+said a spokesman for Abbey National Building Society,
+explaining why his institution, for the time being, is only
+offering variable rate mortgages.
+    The rash of advertising to solicit new business has helped
+homebuyers to become even choosier about loans and lenders
+concede they are being forced to undercut each other still
+more.
+    Sharp cuts on variable rate mortgages announced earlier
+this week by the nation's two largest building societies and by
+National Westminster Bank Plc reflect growing competition for
+new business, officials at all three institutions said.
+    The fixed rate mortgages on offer carry interest rates even
+below those on the variable rate loans.
+    "Of course they are less profitable than other (variable
+rate) mortgages," said a spokesman for Midland Bank Plc, which
+earlier this year said it earmarked 500 mln dlrs for fixed rate
+new mortgage loans.
+    But he said the bank is willing to offer less profitable
+loans because, "It was just another way to attract people to our
+mortgage product."
+    Trustee Savings Bank Plc (TSB) was offering five year fixed
+rate mortgages at 9.9 pct earlier this year.
+    The 100 mln stg that TSB set aside for the loans was
+exhausted within just a few days, according to a spokeswoman.
+    "Everybody loves an under 10 pct mortgage," she said, noting
+that within five days the bank loaned the equivalent of 25 pct
+of its 1986 volume.
+    In short, the appeal of fixed rate mortgages is that they
+offer an opportunity to gamble on the direction of interest
+rates. If interest rates fall after the mortgage is made the
+lender is earning an above average return on assets.
+    But if interest rates rise it is the homebuyer who has won
+the benefit of cheap money.
+    Household Mortgage Co had planned to offer a 25 year fixed
+rate mortgage after the June 11 elections on the assumption
+that a Conservative Party victory would help money market rates
+fall further, according to Duncan Young, managing director.
+    Young explained that the company had planned to protect
+itself against the chance of rising interest rates by buying a
+complicated hedging instrument.
+    But money market rates have risen contrary to expectations
+and the company has shelved its plans for the time being. He
+said money market rates were too high to arrange both the
+mortgages and hedge profitably.
+    However, he said that when the Household Mortgage Co does
+make fixed rate mortgages it is likely to securitise them. This
+means bundling different mortgages together to resemble a bond
+and selling them to an investor.
+    For technical reasons securitisation is simpler and more
+efficient with fixed rate rather than with floating rate
+mortgages. In the U.S., Where fixed rate mortgages are popular
+again, securitisation has provided the bulk of mortgage money
+over the past few years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7028" NEWID="19192">
+<DATE>19-JUN-1987 10:47:36.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1087&#31;reute
+s f BC-FEDERATED-FINANCIAL-&lt;   06-19 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED FINANCIAL &lt;FEDF.O> SETS REGULAR DIV</TITLE>
+<DATELINE>    MILWAUKEE, Wis., June 19 -
+    </DATELINE><BODY>Qtly div 8.5 cts vs 8.5 cts
+    Pay August five
+    Record July 20
+    NOTE: Full company name is Federated Financial Savings and
+Loan Association.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7029" NEWID="19193">
+<DATE>19-JUN-1987 10:52:09.47</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y E 
+&#22;&#22;&#1;f1102&#31;reute
+u f BC-TEXACO-&lt;TXC>-CANADA-T   06-19 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TXC> CANADA TO RAISE CRUDE OIL POSTINGS</TITLE>
+<DATELINE>    NEW YORK, June 19 -- </DATELINE><BODY>Texaco Inc's Texaco Canada said it
+will raise  postings for its Edmonton/Swann Hills crude by 24
+canadian cts a barrel, effective June 20.
+    The company said the new posting for Edmonton/Swann Hills
+will be 25.60 dlrs a barrel. The price hike follows a round of
+crude oil price increases started late June 17 by Sun Co. The
+other major canadian crude suppliers raised prices June 18.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7030" NEWID="19194">
+<DATE>19-JUN-1987 10:52:29.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1103&#31;reute
+d f BC-ALLIANCE-FEDERAL-CORP   06-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIANCE FEDERAL CORP &lt;ALFL.O> HIKES DIVIDEND</TITLE>
+<DATELINE>    DEARBORN, MICH., June 19 -
+    </DATELINE><BODY>Qtly div 25 cts vs 22 cts prior qtr
+    Pay 20 July
+    Record 30 June
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7031" NEWID="19195">
+<DATE>19-JUN-1987 10:53:53.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1111&#31;reute
+d f BC-ACTIVISION-&lt;AVSN.O>-R   06-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACTIVISION &lt;AVSN.O> RELEASES ENHANCED PROGRAM</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., June 19 - </DATELINE><BODY>Activision said it has
+released a new version of Paintworks Plus, a creativity and
+self-expression program, called Version 1.01.
+    The new version, for use on the Apple Computer Inc &lt;AAPL.O>
+Apple IIGS, includes a variety of features and functions not
+incorporated in the original program, Activision said.
+    The company added that registered owners of Paintworks Plus
+can get Version 1.01 free by submitting the front cover of
+their program manual as proof-of-purchase.
+    For others, the program sells for 79.95 dlrs, Activision
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7032" NEWID="19196">
+<DATE>19-JUN-1987 10:53:57.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1112&#31;reute
+s f BC-ILLINOIS-TOOL-WORLS-I   06-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ILLINOIS TOOL WORLS INC &lt;ITW> VOTES DIVIDEND</TITLE>
+<DATELINE>    CHICAGO, June 19 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior qtr
+    Pay 1 September
+    Record 6 August
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7033" NEWID="19197">
+<DATE>19-JUN-1987 10:55:34.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1117&#31;reute
+s f BC-UNIVERSITY-BANK-AND-T   06-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSITY BANK AND TRUST CO &lt;UBTC.O> DIVIDEND</TITLE>
+<DATELINE>    NEWTON, MASS., June 19 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay July 15
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7034" NEWID="19198">
+<DATE>19-JUN-1987 10:55:59.85</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1118&#31;reute
+u f BC-NORWEGIAN-CENTRAL-BAN   06-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWEGIAN CENTRAL BANK RESERVES FALL IN MAY</TITLE>
+<DATELINE>    OSLO, June 19 - </DATELINE><BODY>Norway's central bank reserves totalled
+73.71 billion crowns in May against 76.06 billion in April and
+95.02 billion in May 1986, the Central Bank said in its monthly
+report.
+    Foreign exchange reserves totalled 70.3 billion crowns,
+compared with 68.4 billion in April and 88.0 billion a year
+ago. Gold reserves were unchanged from April's 284.8 mln
+crowns, and also unchanged from the year-ago figure.
+    Central Bank special drawing right holdings were 3.16
+billion crowns, compared with 3.06 billion in April and 2.51
+billion in May 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7035" NEWID="19199">
+<DATE>19-JUN-1987 10:56:18.98</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M 
+&#22;&#22;&#1;f1120&#31;reute
+r f BC-HIGH-WATER-EXTENDS-RH   06-19 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGH WATER EXTENDS RHINE RIVER BLOCKAGE</TITLE>
+<DATELINE>    BONN, June 19 - </DATELINE><BODY>Rising water levels on the Rhine caused by
+heavy rain are delaying an operation near Karlsruhe to raise
+two sunken boats which have blocked the river's main navigation
+channel since early last week, a Karlsruhe water authority
+spokesman said.
+    He said two floating cranes were unable to begin lifting
+the sunken tug Orinoko and its lighter because the water level
+had reached 815 centimetres and was forecast to rise to 820-830
+cm by tomorrow. He was unable to say when the operation might
+begin.
+    Meanwhile, high water at Cologne has forced vessels to
+travel at reduced speed, a water authority spokesman in Cologne
+said. But a water authority spokesman in Duisburg, 60 kms north
+of Cologne, said vessels there were moving normally.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7036" NEWID="19200">
+<DATE>19-JUN-1987 11:02:13.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE><D>ruding</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1142&#31;reute
+u f BC-DUTCH-TO-MEET-1987-PU   06-19 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUTCH TO MEET 1987 PUBLIC SECTOR DEFICIT TARGET</TITLE>
+<DATELINE>    THE HAGUE, June 19 - </DATELINE><BODY>Dutch public authorities are on course
+to meet the 1987 public sector deficit target of 7.9 pct of net
+national income (NNI) despite excess spending by the central
+government, according to a leaked official report.
+    The so-called Spring Report, giving latest revenue and
+expenditure figures and to be discussed by the Dutch cabinet
+today, was leaked in advance to the Dutch press. The Dutch
+Finance Ministry declined to comment on the press reports.
+    Newspapers quoted the report, drafted by Finance Minister
+Onno Ruding, as saying unexpected rises in revenue would
+compensate for excess spending of 3.1 billion guilders.
+    Ruding, putting this year's public sector borrowing
+requirement 0.1 percentage point below last September's target
+at 7.8 pct, criticised the excess spending but will not seek
+additional spending cuts for 1987 because of the surprise boost
+in revenue, the report was quoted as saying.
+    Excess spending by the central government was put at 2.8
+billion guilders, while market factors accounted for another
+300 mln in unbudgetted expenditure.
+    But 1987 revenue was boosted by an unexpected 3.55 billion,
+including 1.9 billion in tax revenue and 500 mln guilders in
+income from natural gas sales.
+    Ruding has said the 1987 excess spending will burden the
+1988 budget with an additional 1.9 billion and the cabinet has
+already pledged 1.2 billion in cuts to narrow the gap.
+    The cabinet is to discuss in coming months what further
+austerity measures will be needed next year to keep the
+government on target for its 1990 aim of a public sector
+borrowing requirement of no more than 5.25 pct of NNI.
+    Ruding has already met opposition from the Liberal and
+Christian-Democrat factions carrying the government majority in
+parliament to his calls for more spending cuts in the 1988
+budget to counter a slow-down in economic growth.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7037" NEWID="19201">
+<DATE>19-JUN-1987 11:05:20.54</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1158&#31;reute
+b f BC-/-FED-EXPECTED-TO-ARR   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ARRANGE SYSTEM REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>The Federal Reserve is likely to add
+temporary reserves to the banking system this morning by
+executing system repurchase agreements, economists said.
+    The Fed faces a need to add a large volume of reserves this
+statement period to offset a drain caused by rising Treasury
+balances at the Fed after the June 15 tax date.
+    Most economists are predicting over-the-weekend system
+repurchases. But some, who see a smaller adding requirement,
+are forecasting a less aggressive combination of three- and
+six-day repos. Fed funds were trading at 6-3/4 pct, close to
+yesterday's 6.81 pct average.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7038" NEWID="19202">
+<DATE>19-JUN-1987 11:05:41.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1161&#31;reute
+b f BC-GREYHOUND-LINES   06-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GREYHOUND LINES AGREES TO ACQUIRE REMAINING ROUTES OF
+TRAILWAYS CORP
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7039" NEWID="19203">
+<DATE>19-JUN-1987 11:06:20.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1163&#31;reute
+r f BC-FORD-&lt;F>-UNIT-TO-BUIL   06-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> UNIT TO BUILD PLANT FOR TOKICO</TITLE>
+<DATELINE>    DEARBORN, Mich., June 19 - </DATELINE><BODY>Ford Motor Land Development
+Corp, a wholly owned real estate subsidiary of Ford Motor Co,
+said it will build a 48,000 square foot facility for (Tokico
+America Inc) in return for a long-term lease.
+    Terms were not disclosed.
+    Tokico, an automotive parts and robotics supplier, is a
+subsidiary of (Tokico Ltd) of Japan.
+    Ford said it is Tokico's principal customer in the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7040" NEWID="19204">
+<DATE>19-JUN-1987 11:06:35.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1165&#31;reute
+u f BC-S/P-WITHDRAWS-RATINGS   06-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P WITHDRAWS RATINGS ON CAESARS WORLD &lt;CAW></TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Standard and Poor's Corp said it
+withdrew the ratings on Caesars World Inc and unit Caesars
+World Finance Corp.
+    The action affects 230.8 mln dlrs of debt.
+    Withdrawn were Caesars World's BB senior debt and B-plus
+subordinated debt and the unit's B-plus subordinated debt.
+    S and P said these issues are expected to be refinanced
+when Caesars World implements a recapitalization plan. The
+agency assigned a B-plus rating to Caesars World's proposed 330
+mln dlr issue of seven-year senior notes and a B-minus grade to
+its 330 mln dlrs of subordinated debentures due 1999.
+    Standard and Poor's noted that the recapitalization plan of
+Caesars World calls for the payment of a 26.25 dlr per share
+dividend totaling 929.3 mln dlrs.
+    The recapitalization plan will be financed by the
+seven-year note and 12-year debenture issues, 300 mln dlrs in
+bank and other debt, and by cash on hand, S and P noted.
+    The agency said that Caesars World's debt will rise to 1.1
+billion dlrs from about 319.2 mln on April 30 and the firm will
+have stockholders' deficit of 508.8 mln dlrs. S and P said it
+does not expect a meaningful reduction of debt for the next
+several years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7041" NEWID="19205">
+<DATE>19-JUN-1987 11:09:37.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1180&#31;reute
+d f BC-SAN-JUAN-BASIN-ROYALT   06-19 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAN JUAN BASIN ROYALTY TRUST &lt;SJT> DIVIDEND</TITLE>
+<DATELINE>    FORT WORTH, Texas, June 19 -
+    </DATELINE><BODY>Mthly div 3.9543 cts vs 3.4261 cts last month
+    Payable July 15
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7042" NEWID="19206">
+<DATE>19-JUN-1987 11:12:33.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1194&#31;reute
+b f BC-MAY-DEPARTMENT   06-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MAY DEPARTMENT STORES SEES RECORD SALES, PROFITS FOR YEAR
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7043" NEWID="19207">
+<DATE>19-JUN-1987 11:13:09.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f1197&#31;reute
+u f BC-NYSE-SEEKS-COMMENT-FR   06-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE SEEKS COMMENT FROM TESORO PETROLEUM &lt;TSO></TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>The New York Stock Exchange said Tesoro
+Petroleum had replied that it did not comment on unusual market
+activity or rumors when asked by the NYSE about the company's
+stock rise.
+    The NYSE said it had asked the company to issue a public
+statement indicating whether there are any corporate
+developments that may explain the unusual activity.
+    Tesoro's shares rose 7/8 to 14-1/2 in morning trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7044" NEWID="19208">
+<DATE>19-JUN-1987 11:13:47.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1201&#31;reute
+u f BC-GREYHOUND-AGREES-TO-A   06-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREYHOUND AGREES TO ACQUIRE TRAILWAYS ROUTES</TITLE>
+<DATELINE>    DALLAS, June 19 - </DATELINE><BODY>&lt;Greyhound Lines> said it agreed to
+acquire the routes of &lt;Trailways Corp>.
+    Greyhound said it had petitioned the Interstate Commerce
+Commission for authority to acquire and operate Trailways'
+routes, 450 of its 1200 buses and some of its terminals and
+garages.
+    Trailways has abandoned all service in seven states in the
+past year and more than half of its sevice in three other
+states, the company said.
+    "Without intervention, the collaspe of Trailways is
+imminent," said Fred Currey, chairman and president of
+Greyhound.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7045" NEWID="19209">
+<DATE>19-JUN-1987 11:14:09.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1205&#31;reute
+h f BC-PERMIAN-BASIN-ROYALTY   06-19 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERMIAN BASIN ROYALTY TRUST &lt;PBT> DIVIDEND</TITLE>
+<DATELINE>    FORT WORTH, TEXAS, June 19 -
+    </DATELINE><BODY>Mthly div 3.8784 cts vs vs 4.3742 cts prior
+    Pay July 15
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7046" NEWID="19210">
+<DATE>19-JUN-1987 11:15:12.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1208&#31;reute
+r f BC-AMEX-STARTS-TRADING-S   06-19 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX STARTS TRADING SHERWOOD GROUP &lt;SHD></TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>The American Stock Exchange said it has
+started trading the common stock of Sherwood Group Inc, which
+went public today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7047" NEWID="19211">
+<DATE>19-JUN-1987 11:17:25.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1216&#31;reute
+u f BC-SPAIN-PLANS-TARIFF-OV   06-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN PLANS TARIFF OVERHAUL FOR POWER UTILITIES</TITLE>
+<AUTHOR>    By Andrew Hurst, Reuters</AUTHOR>
+<DATELINE>    MADRID, June 19 - </DATELINE><BODY>Spain's socialist government is aiming to
+restore confidence of foreign banks in its power generation
+sector by pushing through a complete reform of the industry's
+tariff structure, a senior government official said.
+    Most foreign banks have been refusing to extend fresh loans
+to the mainly privately-owned sector since Fuerzas Electricas
+de Catalunya S.A. (FECSA), a major utility, defaulted on two
+billion dlrs of foreign currency debt earlier this year.
+    Secretary of State for the Economy, Guillermo De la Dehesa,
+told Reuters in an interview that a new government-inspired
+tariff mechanism providing for automatic increases each year
+would guarantee the long term viability of the industry.
+    He said a bill would be sent before the Spanish Cortes
+(parliament) this summer, enabling tariff increases from next
+year to be set under the new system.
+    De la Dehesa declined to give technical details of the
+scheme, known here as the "Marco Estable" (stable framework), but
+said future tariff increases would make up for the failure of
+past adjustments to cover rising costs.
+    "The utility companies have a captive market and if they are
+assured a satisfactory tariff structure they will have the best
+of all possible worlds to do business in," De la Dehesa said.
+    FECSA's debt crisis has caused concern among foreign and
+Spanish bankers who expressed fears that other utility
+companies may default for lack of fresh funds unless confidence
+in the industry's future is restored.
+    Spain's 14 leading power utilities have massive debts, with
+short and medium term exposure of 4,377 billion pesetas at the
+end of last year. A significant proportion of it is in foreign
+currency, bankers say.
+    The new tariff plan, currently being discussed with
+representatives of the utility industry and Spanish bankers,
+would shortly be presented to foreign creditors, De la Dehesa
+said.
+    FECSA's problems were precipitated in February when the
+stock exchange suspended trading in the company's stock on the
+grounds that it could not meet its debts.
+     "FECSA was a special case," De la Dehesa said, "but the banks
+took fright and extended the crisis to the rest of the utility
+sector. We really did not expect this."
+    Much foreign bank lending to the utility sector has been on
+the strength of a government commitment made to international
+bankers at a presentation in London in 1983 to support the
+industry.
+    "I think if foreign banks were lending on the basis of
+declarations by our energy authorities in London, they will
+have all the more reason to do so when the new tariff system is
+passed into law," De la Dehesa said.
+     "This is going to be a palpable fact, not just a
+declaration," he added.
+    De la Dehesa said he believed that once confidence was
+restored in the sector as a whole, FECSA's debt problems would
+be quickly solved.
+    A recently formed steering committee representing FECSA's
+foreign creditors is due to meet FECSA managers in Barcelona on
+Tuesday for a round of talks on rescheduling the ailing
+utility's debt.
+    FECSA's General Manager, Jose Zaforteza, told Reuters he
+thought the climate of the talks would be greatly improved by
+the new tariff proposals.
+    "You cannot go far wrong when you are managing an electrical
+utility provided the tariffs you charge are sufficient to cover
+your costs," Zaforteza said.
+    The General Manager of the Madrid branch of a U.S. Bank
+which has lent money to FECSA said there would be little
+significant progress in the rescheduling talks until details of
+the tariff proposals were known.
+    "We cannot make any projections about FECSA's ability to pay
+its debts unless we know what the tariffs are going to be," he
+said.
+    "If you make annual increases over a period of years of
+four, five or six pct, in each case it's a completely different
+ball game," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7048" NEWID="19212">
+<DATE>19-JUN-1987 11:17:33.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1217&#31;reute
+u f BC-PNC-FINANCIAL-&lt;PNCF.O   06-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PNC FINANCIAL &lt;PNCF.O> UNIT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the ratings on 500 mln dlrs of debt of PNC Funding
+Corp, a unit of PNC Financial Corp.
+    Affirmed were PNC Funding's AA-plus senior debt and
+A-1-plus commercial paper. Also affirmed were the parent's AA
+preferred stock and the AA-plus/A-1-plus certificates of
+deposit of Pittsburgh National Bank, Provident National Bank
+and Citizens Fidelity Bank and Trust Co.
+    S/P said PNC's 110 mln dlr provision will reduce second
+quarter earnings by 66 mln dlrs. The reserve for developing
+countries is now 35 pct of loans to these countries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7049" NEWID="19213">
+<DATE>19-JUN-1987 11:17:39.53</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1218&#31;reute
+b f BC-TUNISIA-BUYS-150,000   06-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TUNISIA BUYS 150,000 TONNES FRENCH WHEAT</TITLE>
+<DATELINE>    ****PARIS, June 19 - </DATELINE><BODY>Tunisia has bought 150,000 tonnes of
+French soft wheat for August to December shipment at 76.70 dlrs
+per tonne fob with COFACE export credit, trade sources said.
+    This is the second French soft wheat export sale for the
+1987/88 season which starts on July 1 and follows a Brazilian
+purchase of 150,000 tonnes.
+    France sold around 300,000 tonnes of soft wheat to Tunisia
+during the 1986/87 season.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7050" NEWID="19214">
+<DATE>19-JUN-1987 11:19:33.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1223&#31;reute
+r f BC-MEDFORD-SAVINGS-APPRO   06-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDFORD SAVINGS APPROVED TO FORM HOLDING CO</TITLE>
+<DATELINE>    MEDFORD, Mass., June 19 - </DATELINE><BODY>&lt;Medford Savings Bank> said it
+received Federal Reserve Board approval to form a bank holding
+company.
+    It said the holding company, to be known as Regional
+Bancorp Inc, will acquire all outstanding common shares of
+Medford Savings with one share of Medford Savings being
+converted into one share of Regional.
+    Medford Savings said its total assets are about 408 mln
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7051" NEWID="19215">
+<DATE>19-JUN-1987 11:19:38.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1224&#31;reute
+h f BC-&lt;VIRTUSONICS-CORP>-EX   06-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;VIRTUSONICS CORP> EXTENDS EXERCISE PERIOD</TITLE>
+<DATELINE>    NEW YORK, June 19 -</DATELINE><BODY>Virtusonics Corp said it extended to
+July 31 the period to exercise its outstanding warrants at 1.5
+cts a share.
+    The company on June 18 said it had reduced the exercise
+price of its warrants from 2.5 cts a common share for the
+period June 22 to July 22.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7052" NEWID="19216">
+<DATE>19-JUN-1987 11:19:45.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1225&#31;reute
+s f BC-MESA-LIMITED-PARTNERS   06-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MESA LIMITED PARTNERSHIP &lt;MLP> SETS QUARTERLY</TITLE>
+<DATELINE>    AMARILLO, Texas, June 19 -
+    </DATELINE><BODY>Qtly div 50 cts vs 50 cts prior
+    Pay Aug 14
+    Record July Eight
+    NOTE: Partnership said it expects none of its common or
+preference dividends this year to be taxable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7053" NEWID="19217">
+<DATE>19-JUN-1987 11:22:47.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1237&#31;reute
+r f BC-SPECTRAMED-INITIAL-OF   06-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPECTRAMED INITIAL OFFERING UNDERWAY</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., June 19 - </DATELINE><BODY>Spectramed Inc said an
+initial public offering of 3,640,000 common shares is underway
+at 11 dlrs a share through underwriters led by Alex. Brown and
+Sons Inc &lt;ABSB.O> and PaineWebber Group inc &lt;PWJ>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7054" NEWID="19218">
+<DATE>19-JUN-1987 11:24:26.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1242&#31;reute
+u f BC-BAII-DETAILS-ONE-BILL   06-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAII DETAILS ONE BILLION FRANC DOMESTIC BOND</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>Banque Arabe et Internationale
+d'Investissement (BAII) will issue a one billion franc
+non-callable pre-placed bond in three tranches on July 8, lead
+manager Banque Nationale de Paris (BNP) said.
+    Banque Indosuez will manage the 200 mln franc "A" tranche,
+issued at par with a life of nine years, paying interest based
+on the annualised money market rate (TAM) plus 0.10 pct.
+    The 250 mln-franc "B" tranche, managed by Banque d'Arbitrage
+et de Credit (BAC), will be issued at par with a life of 10
+years, paying interest at TAM plus 0.15 pct.
+    The 550 mln-franc "C" tranche, managed by BNP and Banque
+Demachy et Associes, will be issued at par with a life of 11
+years, paying interest at TAM plus 0.20 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7055" NEWID="19219">
+<DATE>19-JUN-1987 11:25:51.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1247&#31;reute
+r f BC-FEDERATED-FINANCIAL-&lt;   06-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED FINANCIAL &lt;FEDF.O> SEES LOWER PROFITS</TITLE>
+<DATELINE>    MILWAUKEE, Wis., June 19 - </DATELINE><BODY>Federated Financial Savings and
+Loan Association said per share earnings in fiscal 1987 ending
+September 30 will be reduced by about 16 cents a share due to
+the write-off of its secondary reserve with the Federal Savings
+and Loan Insurance Corp.
+    The company did not specify the amount to be written off in
+the current year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7056" NEWID="19220">
+<DATE>19-JUN-1987 11:26:45.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE><D>eyskens</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1250&#31;reute
+u f BC-EYSKENS-WANTS-102.1-B   06-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EYSKENS WANTS 102.1 BILLION FRANC BELGIAN TAX CUTS</TITLE>
+<DATELINE>    BRUSSELS, June 19 - </DATELINE><BODY>Finance Minister Mark Eyskens is
+proposing a package of personal income tax cuts worth 102.1
+billion francs that would apply from 1989, a finance ministry
+spokesman said.
+    The package, one of 11 possible tax reform scenarios drawn
+up by government officials, is expected to be discussed by
+ministers in the coming weeks so that a government draft can be
+presented to parliament in October.
+    The proposals, which would greatly simplify the country's
+tax system, include a cut in withholding tax on investment
+income earned in Belgium to 20 pct from the current 25 pct.
+    The reduction would apply to income from risk capital, but
+the spokesman said this was likely to be defined to include all
+shares and bonds.
+    The package chosen by Eyskens is more favourable to
+families with children than the present regime and would treat
+spouses' incomes separately instead of combining them, a
+practice that is widely seen as discouraging marriage. The tax
+reform does not encompass corporate taxation.
+    The spokesman said some 75 pct of the cost of the package
+would be financed by changes to the 258 tax allowances
+currently granted to diverse interest groups.
+    A further 14 pct would be met by higher tax revenues
+resulting from the overall macro-economic benefits of the
+package.
+    This would leave a shortfall of around 20 billion francs,
+which the government would have to decide how to cover, either
+by raising indirect taxes or by making further budgetary cuts.
+    The package favoured by Eyskens, who has described Belgium
+as a "fiscal Himalaya," is the least costly of the 11 scenarios
+prepared. It envisages three marginal rates, or tax thresholds,
+of 30 pct, 40 pct and 50 pct. This compares with 13 currently,
+of which the highest is 71.6 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7057" NEWID="19221">
+<DATE>19-JUN-1987 11:27:57.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1254&#31;reute
+r f BC-&lt;INTERNATIONAL-DESIGN   06-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;INTERNATIONAL DESIGN GROUP INC> TO OFFER RIGHTS</TITLE>
+<DATELINE>    MAITLAND, Fla., Jne 19 - </DATELINE><BODY>International Design Group inc
+said holders of record on June 26 will receive rights to
+purchase two units at 10 cts each for each common share held.
+    Each unit consists of one common share and one five-year
+warrant to buy one common share at 15.625 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7058" NEWID="19222">
+<DATE>19-JUN-1987 11:28:36.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1255&#31;reute
+r f BC-NVHOMES-LP-&lt;NVH>-SETS   06-19 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NVHOMES LP &lt;NVH> SETS LOWER DIV</TITLE>
+<DATELINE>    MCLEAN, Va., June 19 -
+    </DATELINE><BODY>Qtly div 20 cts vs 21 cts prior
+    Pay July 31
+    Record July 1
+    NOTE: Partnership does not pay at regular rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7059" NEWID="19223">
+<DATE>19-JUN-1987 11:34:49.44</DATE>
+<TOPICS><D>heat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nymex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F 
+&#22;&#22;&#1;f1280&#31;reute
+d f BC-U.S.-COURT-UPHOLDS-AP   06-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COURT UPHOLDS APEX DECISION FAVORING NYMEX</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>The U.S. Court of Appeals for the
+Second Circuit upheld a lower court decision dismissing a suit
+by Apex Oil Co against the New York Mercantile Exchange and
+several oil companies.
+    The Court, however, ruled that Apex Oil could pursue
+anititrust and commodities market manipulation allegations
+against Belcher Oil Co, a unit of Coastal Corp &lt;CGP>.
+    Apex Oil, primarily a trading company, charged that several
+companies, including Belcher, and NYMEX conspired to force it
+to deliver heating oil it had sold on the mercantile exchange,
+knowing Apex could not make full delivery.
+   
+    The NYMEX ordered Apex to deliver four mln barrels of
+heating oil sold via a February 1982 heating oil contract. Apex
+eventually fulfilled this obligation but claimed damages.
+    Richard Wiener, attorney for Apex at Cadwalader Wickersham
+and Taft, said the company has not yet decided whether to
+pursue its case against Belcher Oil.
+    The NYMEX, meanwhile, has a counterclaim pending against
+Apex Oil, seeking an unspecified amount of attorney's fees and
+15 mln dlrs in punitive damages, according to a NYMEX
+spokeswoman.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7060" NEWID="19224">
+<DATE>19-JUN-1987 11:35:34.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1287&#31;reute
+b f BC-TRIBUNE-CO-TO-I   06-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRIBUNE CO TO ISSUE UP TO 100 MLN DLRS IN MEDIUM TERM
+NOTES
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7061" NEWID="19225">
+<DATE>19-JUN-1987 11:35:45.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1289&#31;reute
+r f BC-CANADA-POST-WORKERS-R   06-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA POST WORKERS REJECT LATEST OFFER</TITLE>
+<DATELINE>    OTTAWA, June 19 - </DATELINE><BODY>Canadian letter carriers today rejected a
+new contract offer from Canada Post as the strike spread to
+Toronto where half the nation's mail is sorted.
+    The Letter Carriers Union said the new offer presented June
+18 contained the same demands for concessions the union had
+already refused.
+    The union members walked out in other Ontario cities today
+but returned to work in Atlantic Canada, parts of Quebec,
+Edmonton, and Victoria. Negotiators were scheduled to resume
+bargaining today but were not expected to reach an agreement to
+end the four-day-old strike.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7062" NEWID="19226">
+<DATE>19-JUN-1987 11:37:15.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1296&#31;reute
+r f BC-SPANISH-PRIVATE-BANK   06-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPANISH PRIVATE BANK WORKERS STRIKE</TITLE>
+<DATELINE>    MADRID, June 19 - </DATELINE><BODY>Most private banks in central Madrid and
+Barcelona closed as Spanish bank staff went on strike for more
+pay, union officials and employers said.
+    Union officials said there was at least partial response to
+the strike call in the rest of Spain. But a spokesman for the
+employers' Banks Association said banks in many towns were
+working almost normally.
+    Unions called the strike today and tomorrow morning to
+press for shorter working hours and an eight pct pay increase.
+Employers offered a 4.75 pct wage increase last month.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7063" NEWID="19227">
+<DATE>19-JUN-1987 11:37:21.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1297&#31;reute
+d f BC-AMERICAN-FEDERAL-SAVI   06-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN FEDERAL SAVINGS &lt;AFSL.O> SEES PRESSURE</TITLE>
+<DATELINE>    DENVER, June 19 - </DATELINE><BODY>American Federal Savings and Loans
+Association of Colorado said its earnings will continue to be
+under pressure this year due to the weakness of the Colorado
+economy.
+    The company, which today declared a regular quarterly
+dividend, said it was also under pressure from the level of
+non-earning assets it holds.
+    The company said this pressure will be offset to a certain
+extent by increased revenues from out-of-state operations and
+its strong capital position.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7064" NEWID="19228">
+<DATE>19-JUN-1987 11:37:51.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1298&#31;reute
+r f BC-DAXOR-&lt;DAXR.O>-IN-FED   06-19 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAXOR &lt;DAXR.O> IN FEDERAL EXPRESS &lt;FDX> DEAL</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Daxor Corp said it has received an
+offer from Federal Express Corp to establish a national frozen
+blood bank at Federal's Memphis, Tenn., headquarters.
+    The company said its blood could be shipped anywhere in the
+U.S. within six hours from Memphis via Federal Express'
+delivery system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7065" NEWID="19229">
+<DATE>19-JUN-1987 11:39:23.52</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1304&#31;reute
+f f BC-FED-SETS-SIX-DA   06-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS SIX-DAY SYSTEM REPURCHASES, FED SAYS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7066" NEWID="19230">
+<DATE>19-JUN-1987 11:40:07.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1306&#31;reute
+r f BC-CANON-&lt;CANNY.O>-OPENS   06-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANON &lt;CANNY.O> OPENS VIRGINIA FACILITY</TITLE>
+<DATELINE>    NEWPORT NEWS, Va., June 19 - </DATELINE><BODY>Canon Inc of Japan said Canon
+of Virginia Inc has opened a 26 mln dlr 289,000 square foot
+plant in Newport News, Va.
+    The company said the plant will initially make 700 to 1,000
+Canon dual-color copiers a month, and other business equipment
+lines including laser beam printers and electronic typewriters
+may be phased in later.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7067" NEWID="19231">
+<DATE>19-JUN-1987 11:41:05.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f1313&#31;reute
+r f BC-DIGICON-&lt;DGC>-STARTS   06-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGICON &lt;DGC> STARTS EXCHANGE OFFER FOR DEBT</TITLE>
+<DATELINE>    HOUSTON, June 19 - </DATELINE><BODY>Digicon Inc said it started an offer to
+exchange a package of new securities for all 55,019,000 dlrs of
+its outstanding subordinated debentures.
+    The exchange includes its 12-7/8 pct senior subordinated
+notes, 10-1/2 pct convertible subordinated debentures and the
+8-1/2 pct convertible subordinated debentures of Digicon
+Finance N.V.
+    It said the new securities to be issued in exchange offers
+include up to 8,574,000 dlrs of Digicon's 12 pct senior
+subordinated notes due 1994, up to 23,580,000 dlrs of Digicon
+9.35 pct convertible subordinated debentures due 1997 and up to
+16,506,000 shares of Digicon common.
+    Digicon said in addition to the new notes, new debentures
+and common stock, it also will issue to exchangeing holders up
+to 22,865,000 dlrs of contingently extinguishable debt
+certificates.
+    It said the exchange offers are being made only by
+prospectus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7068" NEWID="19232">
+<DATE>19-JUN-1987 11:41:44.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1319&#31;reute
+u f BC-GTE-(GTE)-DEVELOPS-NE   06-19 0127</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE &lt;GTE> DEVELOPS METHOD FOR MAKING TRANSISTORS</TITLE>
+<DATELINE>    WALTHAM, Mass., June 19 - </DATELINE><BODY>GTE Corp scientists said they
+have discoverd a much simpler method for producing transistors
+by creating an entirely new electronic material.
+    The new method, they said, consists of simultaneously
+"growing" metal connections and silicon crystals together to
+form one, three dimensional device with connections penetrating
+the entire device.
+    Conventional transistors require many steps to make and
+have connections only on the surface.
+    GTE Laboratories created "an entirely new electronic
+material and device form, which may open up a spectrum of uses
+that cannot even be imagined at this time," said David Decker,
+vice president and director of research for GTE Laboratories.
+    "Although still early in our research, we are obviously
+excited that we have found a significantly simpler and, we
+believe, cheaper way to produce an electronic device," he said.
+    Researchers at GTE created the new transistor by combining
+and heating silicon and a conductive metal, tantalum
+disilicide, so that the two grow together.
+    The resulting device has microscopic metal rods extending
+througout the chips, creating a three dimensional transistor
+that should be superior to standard devics in high power
+applications, the scientists said.
+    They said that, because the connections extend vertically
+througout the new device, it has a much greater volume of
+active material than conventional surface-mounted connections.
+    Decker said the scientists are still in the early stages of
+their research on the device, but prototypes of the new device
+compare favorably with conventionaly made transistors and show
+promise of superior performance.
+    He said the prototype device also proved to be particularly
+efficient in detecting light, which could open up new
+possibilities in solar energy conversion, the development of
+electronic cameras and greater efficiency in optical
+communication systems.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7069" NEWID="19233">
+<DATE>19-JUN-1987 11:41:48.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1320&#31;reute
+r f BC-DAXOR-&lt;DAXR.O>-IN-FED   06-19 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAXOR &lt;DAXR.O> IN FEDERAL EXPRESS &lt;FDX> DEAL</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Daxor Corp said it has received an
+offer from Federal Express Corp to establish a national frozen
+blood bank at Federal's Memphis, Tenn., Headquarters.
+    The company said its blood could be shipped anywhere in the
+U.S. Within six hours from Memphis via Federal Express'
+delivery system.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7070" NEWID="19234">
+<DATE>19-JUN-1987 11:41:56.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1321&#31;reute
+r f BC-SMITHKLINE-&lt;SKB>-SAYS   06-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITHKLINE &lt;SKB> SAYS BAUSCH &lt;BOL> RECALL SET</TITLE>
+<DATELINE>    IRVINE, Calif., June 19 - </DATELINE><BODY>Allergan Inc, a subsidiary of
+Smithkline Beckman Corp, said the U.S. District Court in New
+York has ordered Bausch and Lomb Inc to immediately recall from
+retail shelves all soft contact lens solutions sold under the
+"HYPO-CARE" name and cease any further distribution.
+    The company said the court found that HYPO-CARE was too
+close to Allergan's trademark "HYDROCARE" to prevent public
+confusion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7071" NEWID="19235">
+<DATE>19-JUN-1987 11:44:05.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1330&#31;reute
+s f BC-ARTHUR-D.-LITTLE-INC   06-19 0025</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ARTHUR D. LITTLE INC &lt;LTLE.O> DIVIDEND
+    CAMBRIDGE, Mass., June 19
+    Qtly div 17.5 cts vs 17.5 cts in prior qtr
+    Payable July 15
+    Record June 30
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7072" NEWID="19236">
+<DATE>19-JUN-1987 11:46:31.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1342&#31;reute
+r f BC-THE-HYDRAULIC-CO-&lt;THC   06-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE HYDRAULIC CO &lt;THC> FILES FOR OFFERING</TITLE>
+<DATELINE>    BRIDGEPORT, Conn., June 19 - </DATELINE><BODY>The Hydraulic Co said it filed
+for a proposed public offering of 500,000 shares of common
+stock through an underwriting group co-managed by Salomon
+Brothers Inc and Edward D. Jones and Co.
+    The company said proceeds will be used to repay certain
+short-term debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7073" NEWID="19237">
+<DATE>19-JUN-1987 11:50:33.57</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1350&#31;reute
+b f BC-/-FED-SETS-SIX-DAY-SY   06-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED SETS SIX-DAY SYSTEM REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>The Federal Reserve entered the
+government securities market to arrange six-day repurchase
+agreements for system account, a spokeswoman for the New York
+Fed said.
+    Fed funds were trading at 6-3/4 pct at the time of the
+direct injection of temporary reserves, dealers said.
+    Economists had expected three- or six-day repurchases
+because the Fed needs to add a large volume of reserves this
+statement period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7074" NEWID="19238">
+<DATE>19-JUN-1987 11:55:44.34</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>netherlands</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M 
+&#22;&#22;&#1;f1365&#31;reute
+r f BC-RHINE-BLOCKED-FOR-THR   06-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RHINE BLOCKED FOR THREE MORE WEEKS - SALVAGER</TITLE>
+<DATELINE>    ROTTERDAM, June 19 - </DATELINE><BODY>Dutch salvage firm Smit-Tak said it
+may take some three weeks to lift the Swiss tug Orinoko and its
+lighter Pavo which sank 10 days ago at Karlsruhe in West
+Germany, blocking the Rhine river.
+    Smit-Tak, which with its West German subsidiary Harms
+Bergung GmbH was commissioned by the local water authorities to
+raise the vessels, said its lifting fleet was in position and
+divers had made the first inspection.
+    Smit is still preparing its final salvage plan and said the
+work would begin on Sunday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7075" NEWID="19239">
+<DATE>19-JUN-1987 11:58:32.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f1370&#31;reute
+u f BC-TRIBUNE-&lt;TRB>-TO-ISSU   06-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIBUNE &lt;TRB> TO ISSUE 100 MLN DLRS IN NOTES</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>Tribune Co said it will offer up to 100
+mln dlrs of medium-term notes.
+    The notes will be offered on a continuing basis through
+Salomon Brothers Inc and Merrill Lynch Capital Markets.
+    The notes may have maturities of nine months to 15 years.
+Specific terms of each transaction will be established at the
+time of sale, the company said.
+    Proceeds will be used for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7076" NEWID="19240">
+<DATE>19-JUN-1987 11:59:36.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1374&#31;reute
+f f BC-STIFEL-FINANCIA   06-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>STIFEL FINANCIAL SAID IT RECEIVED UNSOLICITED MERGER
+PROPOSAL
+
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7077" NEWID="19241">
+<DATE>19-JUN-1987 12:01:08.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1383&#31;reute
+u f BC-HARCOURT-&lt;HBJ>-MUM-ON   06-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARCOURT &lt;HBJ> MUM ON REED &lt;REED.L> RUMORS</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Harcourt Brace Jovanovich Inc officials
+were not available for comment on market rumors that it is
+interested in acquiring Reed International plc &lt;REED.L>.
+    Officials of First Boston Inc, Harcourt's financial
+adviser, declined comment.
+    A Wall Street arbitrageur, who owns Harcourt shares, said
+the rumors did not make much sense because Harcourt has
+announced a recapitalization plan to ward off a takeover
+attempt by British publisher Robert Maxwell."It's completely
+inconsistent with the recapitalization, the only way is if they
+drop the recapitalization," he said.
+    Calls to Harcourt seeking comment were not returned.
+    Harcourt's recapitalization will come under scrutiny of a
+U.S. Court in Orlando, Fla. Monday. The company has sought a
+declaratory judgment on convertibility of debentures due 2011
+in light of the recapitalization.
+    Harcourt said in a statement this week that Salomon
+Brothers Inc &lt;SB> and Mutual Shares Corp have intervened in the
+case, claiming ownership of more than 30 mln dlrs face amount
+of the debenture. In addition, British Printing and
+Communications Corp, headed by Maxwell, owns 9.5 mln dlrs face
+amount, Harcourt said.
+    Salomon said in a filing with the Securities and Exchange
+Commission today that it has 21,978 of the debentures. If the
+court decides they should be converted at par value of one dlr,
+they could be converted into 22.0 mln shares.
+    Harcourt is asking the court to rule the company is not
+required to issue common to debenture holders who did not
+convert prior to June eight.
+    An increase in Reed shares in London today was attributed
+by brokers to rumors of Harcourt's interest and also to rumors
+that Maxwell might be a buyer. But an adviser to Maxwell in New
+York said "there's no basis to think that it's us."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7078" NEWID="19242">
+<DATE>19-JUN-1987 12:04:21.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1408&#31;reute
+b f BC-HARCOURT   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON BROTHERS HAS HARCOURT &lt;HBJ> DEBENTURES</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>Salomon Brothers Inc said it has
+acquired 21,978 convertible subordinated debentures of Harcourt
+Brace Jovanovich Inc, which it says could be converted into
+21,978,000 common shares.
+    In a filing with the Securities and Exchange Commission,
+the New York brokerage firm said it bought the debentures,
+which have a face value of 1,000 dlrs each, in May and June as
+a regular part of its investment and arbitrage activities.
+    The conversion rights of the debentures are the subject of
+a Florida court case, in which Salomon Brothers said it has
+also intervened.
+    Salomon Brothers said it rejects Hartcourt's position that
+the debentures are not convertible into stock as of June 9.
+    It said it would leave open a range of options regarding
+the debentures, including buying more, selling some or all of
+their current stake in the market or in negotiated deals,
+talking with other Harcourt security holders, surrendering the
+debentures if there were a merger or tender offer or converting
+them into stock.
+    Salomon said it would have a 35.8 pct stake in Harcourt,
+based on 39.4 mln shares outstanding, if it converted the
+debentures into 21,978,000 common shares. The percentage is
+based on the current outstanding plus the amount of stock that
+would be issued in a conversion.
+    But Salomon said its stake in Harcourt's common stock would
+be lower if other debentureholders converted their securities
+into stock. It says it has no idea of the total number of
+debentures outstanding.
+    Harcourt has said that Salomon and Mutual Shares Corp, a
+New York investment firm, hold a combined total of 30 mln dlrs
+of debentures.
+    Harcourt announced a recapitalization plan last month to
+ward off a takeover attempt by British publisher Robert
+Maxwell.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7079" NEWID="19243">
+<DATE>19-JUN-1987 12:04:32.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1410&#31;reute
+r f BC-GEN-DYNAMICS-&lt;GD>-IN   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEN DYNAMICS &lt;GD> IN CONTRACT CONSORTIUM</TITLE>
+<DATELINE>    ST LOUIS, Mo., June 19 - </DATELINE><BODY>General Dynamics Corp said it
+formed an international consortium to compete for the contract
+relating to the multinational air to ground missile known as
+the modular standoff weapon.
+    The modular standoff program is an agreement between the
+U.S., West Germany, United Kingdom, France, Italy, Canada and
+Spain, to develop three versions of the air-to-ground system.  
+  The company said the consortium includes Brunswick Corp &lt;BC>,
+Dornier GMBH &lt;DOGG.F> of West Germany, Hunting Engineering Co
+Ltd of the U.K., Aerospatiale of France, Agusta of Italy,
+Garrett of Canada, and Inisel of Spain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7080" NEWID="19244">
+<DATE>19-JUN-1987 12:04:34.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1411&#31;reute
+f f BC-LLOYDS-BANK-SAYS-IT-W   06-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LLOYDS BANK SAYS IT WITHDRAWING FROM MARKET MAKING IN
+EUROBONDS AND GILTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7081" NEWID="19245">
+<DATE>19-JUN-1987 12:09:34.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1442&#31;reute
+u f BC-S.-AFRICA-CITICORP-ST   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICA CITICORP STAFF CHALLENGE DISINVESTMENT</TITLE>
+<DATELINE>    JOHANNESBURG, June 19 - </DATELINE><BODY>South African staff of the U.S.
+Bank Citicorp &lt;CCI> said they will challenge its plans to sell
+local operations and withdraw from the country.
+    Employees said they had written to Citicorp chief executive
+John Reed protesting against the way the disinvestment deal has
+been handled. They said that they were not consulted on the
+sale of Citicorp's local subsidiary, Citibank N.A. Ltd, to
+South Africa's First National Bank &lt;BCLJ.J>.
+    The letter, signed by most of the bank's 175 staff, hints
+at legal action against Citicorp unless it reviews the
+disinvestment arrangement.
+    "We are seriously considering legal action," a senior
+Citibank employee told Reuters. "There has been no consultation
+with South African staff and that runs contrary to American
+corporate thinking in this country," he added.
+    Citicorp announced the 130 mln rand cash sale on Tuesday
+with an effective date of July 1.
+    First National Bank's managing director, Chris Ball, said
+his bank was essentially buying the skills of Citibank's
+specialist employees and disclosed that the American bank's
+assets in South Africa totalled only 15 mln rand.
+    Ball indicated that the bank's staff had been told of the
+sale and agreed to stay on in the bank's employ.
+    Citibank's staff, 40 pct of whom are black, have complained
+that the disinvestment accord bars local employees from jobs
+with Citicorp anywhere in the world for five years.
+    They say that this provision amounts to a restraint clause
+which is legally challengeable. This could threaten the
+divestment plan, say industry sources, since most of the
+purchase price, as Ball said, is for employee skills and
+expertise and not assets.
+    The Citibank employee challenge is seen as more important
+than a previous, ultimately unsuccessful, challenge on job
+security issues by General Motors employees after the U.S.
+Automaker announced its pull out, because valuable managers and
+other key staff are involved in protest.
+    The employees assert that the Citicorp sale, unlike similar
+disinvestment moves announced this week by &lt;Ford Motor Co> and
+&lt;ITT Corp>, include no portion of South African profits for
+local employees or black community projects.
+    "We always thought they would offer a settlement to staff
+here in keeping with their image as an equal opportunity
+employer," said a senior black employee, adding "We had no idea
+that the age of slavery was still alive."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7082" NEWID="19246">
+<DATE>19-JUN-1987 12:09:56.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1444&#31;reute
+d f BC-WORLD-BANK-LOANS-INDI   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LOANS INDIA 929 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The World Bank said it has extended
+three loans to India totalling 929 mln dlrs, for two projects
+in the power sector, and one for water supply and sewage.
+    One power project will be supported by a 485 mln dlr loan,
+the bank said.
+    The other power project, supported by a 375 mln dlr loan,
+plans to aid in the first phase of a power generation complex
+in eastern India, the bank said.
+    The third project, which is being supported by a bank loan
+of 53 mln dlrs and an International Development Association
+loan of 16 mln dlrs, hopes to increase water supply to Madras.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7083" NEWID="19247">
+<DATE>19-JUN-1987 12:12:43.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1461&#31;reute
+b f BC-LLOYDS-PULLS-OUT-OF-E   06-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLOYDS PULLS OUT OF EUROBOND/GILT MARKET MAKING</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Lloyds Bank Plc said it is withdrawing
+from market making in Eurobonds and U.K. Government bonds
+(gilts).
+    It said in a statement it will maintain an active presence
+in short-term securities trading, swaps and other treasury
+products, building on its strengths in traditional foreign
+exchange and money markets.
+    In the statement, Lloyds chief executive Brian Pitman said
+"We have a relatively small position in these two overcrowded
+markets and we have decided to reallocate the resources to
+opportunities which promise a better return on our
+shareholders' investment."
+    With this decision, Lloyds becomes the second major U.K.
+Clearing bank to feel the effects of the deregulation of the
+London Stock Exchange, or "Big Bang," last October. Earlier this
+year, Midland Bank Plc pulled out of equity market making
+because it did not believe the return justified the costs
+involved in maintaining and developing a market share.
+    Lloyds Treasurer Alan Moore subsequently told Reuters that
+the decision was taken at a board meeting earlier today and had
+been under discussion for some time.
+    He said the move was not a reaction to any losses sustained
+in the trading of Eurobonds or gilts but rather a result of a
+"strategic review" of the future of Lloyds involvement in these
+markets. In the end, Lloyds decided these markets did not
+represent "an attractive return to our shareholders," he said.
+    He noted that Lloyds had not expected its U.K. Government
+bond operations would be profitable in the early stages,
+although he declined to discuss the finances of the operation.
+    "This is an overcrowed market," Moore said of the U.K.
+Government bond market, which began Big Bang with 27 market
+makers. Lloyds withdrawal now leaves the number at 26.
+    Market participants noted that Lloyds was the only one of
+the clearing banks which did not buy a jobber (middle man) or
+broker before Big Bang.
+    Under the old system, the gilt market operated under a
+separate system which involved separate functions for jobbers
+and brokers. Now these tasks have been taken up by market
+makers acting as both.
+    Moore said that one reason Lloyds decided to withdraw from
+these markets was that they could no longer justify the
+commitment of capital that was required to maintain these
+operations.
+    He said Lloyds would make every effort to redeploy
+employees in these areas within the bank.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7084" NEWID="19248">
+<DATE>19-JUN-1987 12:15:17.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1471&#31;reute
+u f BC-VIACOM-&lt;VIA>-SETS-EX-   06-19 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIACOM &lt;VIA> SETS EX-DIVIDEND DATE FOR PREFERRED</TITLE>
+<DATELINE>    NEW YORK - </DATELINE><BODY>Viacom Inc said the ex-dividend date for its
+preferred stock is Friday, June 19.
+    The company, which halted activity on the stock this
+morning, said trading will resume shortly. The last price for
+Viacom Inc preferred was 24-1/2.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7085" NEWID="19249">
+<DATE>19-JUN-1987 12:16:27.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1475&#31;reute
+r f BC-FORD-&lt;F>-HAS-12-PCT-M   06-19 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> HAS 12 PCT MARKET SHARE IN EUROPE</TITLE>
+<DATELINE>    DETROIT, June 19 - </DATELINE><BODY>Ford Motor Co said that through May its
+European dealers Europe sold a record 643,000 cars and
+increased their market share to 12 pct from 11.7 pct a year
+earlier.
+    The company said industry sales ran at a seasonally
+adjusted annual rate of 11.6 mln cars during the first five
+months of 1987 compared with 10.9 mln cars in the same period
+last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7086" NEWID="19250">
+<DATE>19-JUN-1987 12:18:49.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L 
+&#22;&#22;&#1;f1483&#31;reute
+u f BC-USDA-ENDS-SCREWWORM-C   06-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA ENDS SCREWWORM CONTROL POST IN ALBUQUERQUE</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The U.S. Agriculture Department has
+ended its screwworm alert control program in Albuquerque, New
+Mexico, because the potential of a screwworm outbreak in the
+area has been contained.
+    The department said the program was set up after a case of
+screwworms was confirmed in a hunting dog being returned from
+Venezuela.
+    It said six weeks of surveillance has failed to turn up an
+additional cases of screrwworms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7087" NEWID="19251">
+<DATE>19-JUN-1987 12:21:40.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1499&#31;reute
+r f BC-FIRST-WISCONSIN-&lt;FWB>   06-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST WISCONSIN &lt;FWB> DEBT AFFIRMED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed First Wisconsin Corp's 50 mln dlrs of debt.
+    Affirmed were the firm's Baa-1 senior debt and Baa-2
+preferred stock.
+    Moody's noted that First Wisconsin said it would add a
+special loan loss provision of 96 mln dlrs to reflect exposure
+to economically troubled international borrowers. The provision
+adjusts the firm's financial statement to more accurately
+reflect economic reality, the agency said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7088" NEWID="19252">
+<DATE>19-JUN-1987 12:22:11.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1503&#31;reute
+r f BC-GREAT-WESTERN-&lt;GWF>-U   06-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT WESTERN &lt;GWF> UNIT SELLS 10-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Great Western Bank, a unit of Great
+Western Financial Corp, is offering 200 mln dlrs of notes due
+1997 yielding 9.60 pct, said lead manager Merrill Lynch Capital
+Markets.
+    The notes have a 9-1/2 pct coupon and were priced 99.365 to
+yield 130 basis points more than comparable Treasury
+securities.
+    Non-callable to maturity, the issue is rated A-2 by Moody's
+and A by Standard and Poor's. The gross spread is 6.50 dlrs,
+the selling concession is four dlrs and the reallowance is 2.50
+dlrs. Shearson Lehman co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7089" NEWID="19253">
+<DATE>19-JUN-1987 12:23:34.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1505&#31;reute
+r f BC-PHILIPS-SEES-BOOM-IN   06-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPS SEES BOOM IN MINI VISUAL DISPLAY BUSINESS</TITLE>
+<DATELINE>    EINDHOVEN, June 19 - </DATELINE><BODY>The market for advanced visual
+displays will grow seven-fold into a five billion dlr business
+in five years, NV Philips Gloeilampenfabrieken &lt;PGLO.AS> said.
+    Philips is Europe's largest supplier of liquid crystal
+displays (LCDs) currently used in lighter and more efficient
+televisions and screens.
+    Last year, the market was worth 683 mln dlrs. But Philips
+sees a surge in demand with applications in monitors, test and
+measuring equipment, cars and telecommunications equipment.
+    Philips said the overall market value will have risen to
+five billion dlrs by 1992.
+    It has so far used LCDs only in industrial applications,
+but said in a statement it was moving to get a big share of a
+growing consumer products market.
+    Pocket-sized LCDS are already produced and marketed by
+Japanese manufacturers and sell at around 100 to 200 dlrs,
+Philips spokesman Jack Reemers said.
+    Philips hopes to launch its version later this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7090" NEWID="19254">
+<DATE>19-JUN-1987 12:23:53.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1506&#31;reute
+u f BC-NEW-ENGLAND-ELECTRIC   06-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ENGLAND ELECTRIC SYSTEM &lt;NES> FIVE MTHS NET</TITLE>
+<DATELINE>    WESTBOROUGH, Mass., June 19 -</DATELINE><BODY>Five mths end may 31
+    Shr 1.37 dlrs vs 1.38 dlrs
+    Net 75.2 mln vs 73.6 mln
+    Revs 632.3 mln vs 629.6 mln
+    Avg shrs 54.9 mln vs 53.4 mln
+    12 mths
+    Shr 3.19 dlrs vs 3.13 dlrs
+    Net 173.6 mln vs 165.1 mln
+    Revs 1.43 billion vs 1.47 billion
+    Avg shrs 54.4 mln vs 52.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7091" NEWID="19255">
+<DATE>19-JUN-1987 12:24:32.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1510&#31;reute
+r f BC-MINNESOTA-MAY-CONSIDE   06-19 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNESOTA MAY CONSIDER ANTI-TAKEOVER AMENDMENT</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Minnesota Governor Rudy Perpich is
+considering calling a special legislative session to consider
+amendments to the state's anti-takeover statute, according to
+the governor's office.
+    A spokesman for the governor said nothing will be decided
+today, but said the governor will evaluate later whether to
+call a special session in the next few days.
+   The governor's office said the possible action was triggered
+by a proposal by Dayton-Hudson Corp &lt;DH>, which has been the
+subject of takeover rumors. A spokesman for the governor said
+the company proposed several amendments to Perpich designed to
+make any takeover attempt in the state
+more difficult.
+       
+    Dayton-Hudson suggested amendments be passed and instituted
+by next Friday, the spokesperson said.
+    Press reports in Minneapolis newspapers this morning quoted
+several legislators as saying they were inclined to support
+legislation that would help Dayton-Hudson, according to a
+governor's spokesperson.
+   Senate Majority Leader Roger Moe was quoted as saying he
+would be inclined to support any action that would help the
+company, the spokesperson said.
+   Robert Vanasek, the House speaker designate, was quoted in
+the Minneapolis Star and Tribune as saying, "We are taking
+their (Dayton-Hudson) concerns very seriously and we are going
+to do what we can to help."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7092" NEWID="19256">
+<DATE>19-JUN-1987 12:25:10.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1516&#31;reute
+r f BC-BOEING-&lt;BA>-MERGER-WA   06-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING &lt;BA> MERGER WAITING PERIOD EXPIRES</TITLE>
+<DATELINE>    SEATTLE, June 19 - </DATELINE><BODY>Boeing Co said the Hart-Scott-Rodino
+waiting period required in connection with its pending tender
+offer for ArgoSystems Inc &lt;ARGI.O> expired at midnight June 18.
+    Boeing began its 37 dlr per share cash tender offer for the
+defense electronics firm on June two.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7093" NEWID="19257">
+<DATE>19-JUN-1987 12:26:07.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f1523&#31;reute
+f f BC-MOODY'S-MAY-UPG   06-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S MAY UPGRADE SCI HOLDINGS' 1.45 BILLION DLRS OF
+DEBT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7094" NEWID="19258">
+<DATE>19-JUN-1987 12:31:14.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1546&#31;reute
+d f BC-MEGAVEST-TO-ACQUIRE-C   06-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEGAVEST TO ACQUIRE COMPUTER TRADE DEVELOPMENT</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>&lt;MegaVest Industries Inc> said it has
+agreed in principle to acquire unlisted Computer Trade
+Development Corp in exchange for 119 mln shares of its common
+stock.
+    The company said it has about 21.5 mln shares outstanding.
+    It said Computer Trade had revenues of about 6.1 mln dlrs
+last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7095" NEWID="19259">
+<DATE>19-JUN-1987 12:32:22.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1553&#31;reute
+u f BC-MAY-DEPT-STORES-&lt;MA>   06-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAY DEPT STORES &lt;MA> SEES RECORD FISCAL 1988</TITLE>
+<DATELINE>    ST LOUIS, June 19 - </DATELINE><BODY>May Department Stores Co said it
+expects record profits and sales in the fiscal 1988 and also
+set a five-year 3.3 billion dlr capital expenditure plan.
+    "Our sights are set on achieving our 13th consecutive year
+of record sales and earnings," chairman David Farrell told the
+annual meeting.
+    In the year ended January 31, 1987, the company earned 381
+mln dlrs or 2.44 dlrs a share on sales of 10.3 billion dlrs.
+    Farrell also said he expects improved second-quarter
+profits. "We believe second-quarter performance should show
+improvement over 1986," he said. In the quarter ended August
+30, 1986, the company earned 45.6 mln dlrs or 52 cts on sales
+of 1.23 billion dlrs.
+     The five-year capital expenditure program includes 1.9
+billion dlrs to open a record 73 department stores, 52 discount
+stores and about 1,200 specialty stores.
+    About two-thirds of the department stores will be opened by
+Lord and Taylor, May Co, and J.W. Robinson's in California,
+Hecht's in Washington, D.C., and G. Fox in Connecticut.
+    The remainder of the 3.3 billion dlrs will be used for
+store relocations, closings and remodelings, Farrell said.
+    Sales per square foot rose eight pct in 1986 to 134 dlrs,
+president Thomas Hays said, noting that the company seeks
+annual increases of 10 pct.
+    Also at the annual meeting, shareholders voted to approve
+indemnification of the company's officers and directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7096" NEWID="19260">
+<DATE>19-JUN-1987 12:32:55.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1556&#31;reute
+r f BC-GEMCRAFT-&lt;GEMH.O>-SEE   06-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEMCRAFT &lt;GEMH.O> SEES PROFIT IN 2ND QTR</TITLE>
+<DATELINE>    HOUSTON, June 19 - </DATELINE><BODY>Gemcraft Inc said it expects to post a
+profitable second quarter.
+    Gemcraft recorded net income of 908,000 dlrs, or 16 cts per
+shr, for the second quarter ended June 30, 1986.
+    In addition, the company said at its annual shareholders
+meeting that it will repurchase approximately 130,000 shares of
+its common stock, a decrease from its earlier plan to purchase
+as many as 330,000 shares for a total price of three mn dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7097" NEWID="19261">
+<DATE>19-JUN-1987 12:34:51.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1568&#31;reute
+u f BC-SCI-HOLDINGS-MAY-BE-U   06-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCI HOLDINGS MAY BE UPGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may upgrade the ratings on 1.45 billion dlrs of debt of SCI
+Holdings Inc.
+    The agency cited SCI's announcement that it agreed to sell
+for 1.3 billion dlrs six television stations and related
+properties to a joint venture formed by SCI and Gillett
+Holdings Inc. While financing details are not available, the
+agency said SCI's debt should decline as a result of the sale.
+    BCI currently carries Ba-3 zero coupon senior notes and B-2
+senior subordinated debentures. The BCI unit Storer
+Communications Inc has B-2 subordinated debentures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7098" NEWID="19262">
+<DATE>19-JUN-1987 12:35:54.08</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>west-germany</D><D>ussr</D><D>sweden</D><D>denmark</D><D>uk</D><D>france</D><D>belgium</D><D>netherlands</D><D>austria</D><D>czechoslovakia</D><D>poland</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f1570&#31;reute
+u f BC-COLD,-WET-WEATHER-SLO   06-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLD, WET WEATHER SLOWS BEET GROWTH IN W. EUROPE</TITLE>
+<DATELINE>    RATZEBURG, June 19 - </DATELINE><BODY>Cold and wet weather in northern,
+western and central parts of Europe continued to slow beet
+growth but plant density is reported to be good in most
+countries, sugar statistician F.O. Licht said.
+    Temperatures were too low for the season and the rain has
+hampered field work and occasionally led to water-logged
+fields.
+    But in eastern and southeastern Europe, warmer weather has
+boosted sugar beet growth.
+    Weather in the Soviet Union also allowed good beet
+development, Licht said.
+    In Sweden beet growth has been delayed, although plant
+population is reported to be regular and good. Cool and rainy
+weather slowed beet growth in Denmark and crop prospects are
+rated as slightly below normal.
+    In the United Kingdom and Ireland, it was rather cool with
+heavy rainfall in places which has delayed beet growth.
+    In France, Belgium, the Netherlands, and West Germany, it
+was mostly cool with frequent and often heavy rainfall which
+continued to slow down beet growth and often made field work
+impossible.
+    In Austria, it was warm with some rainfall, which was
+favourable for beet growth, Licht said.
+    In Czechoslovakia and Poland, it was mostly warm, favouring
+beet development. but some heavy rain may have caused damage.
+    In the European beet growing regions of the Soviet Union,
+it was warm with showers over most areas and weather was
+generally good for the emergence and growth of beets.
+    In south eastern Europe, warm weather with some rainfall
+boosted beet development.
+    Labour trouble threatens the beet crop in Spain. Disputes
+between the factories and the trade unions are threatening to
+delay the start of processing in the southern areas, where
+beets are maturing very early this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7099" NEWID="19263">
+<DATE>19-JUN-1987 12:36:11.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1572&#31;reute
+u f BC-FIRST-&lt;FBT>-REITERATE   06-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST &lt;FBT> REITERATES SPECULATION PREMATURE</TITLE>
+<DATELINE>    HOUSTON, June 19 - </DATELINE><BODY>First City Bancorp of Texas Inc, which
+is soliciting bidders, reiterated that it is premature to
+speculate on what course of action it will pursue following a
+story in today's Wall Street Journal that it has attracted at
+least three potential acquirers.
+    First City said the article was not confirmed by the
+company, and it cautioned that there is "absotluely nothing to
+say or report beyond" its statement.
+    The Journal reported that among the bidders for First city
+was Robert Carney and Robert Abboud, a former Chicago banker.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7100" NEWID="19264">
+<DATE>19-JUN-1987 12:37:52.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A 
+&#22;&#22;&#1;f1583&#31;reute
+u f BC-BANKAMERICA-&lt;BAC>-TO   06-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKAMERICA &lt;BAC> TO SECURITIZE CREDIT CARDS</TITLE>
+<DATELINE>    SAN FRANCISCO, June 19 - </DATELINE><BODY>BankAmerica Corp's Bank of America
+unit said it will offer 300 mln dlrs in certificates
+representing interests in a pool of receivables selected from
+its California Classic Visa credit card accounts.
+    The certificate rate is 8.2 pct. The offering price to the
+public is 99.89 dlrs, resulting in a yield to certificate
+holdes of 8.21 pct.
+    The certificates have a provisional rating of Aaa by
+Moody's Investors Service and are backed by a 30-mln-dlr
+lettter of credit by Bayerische Vereinsbank AG, BankAmerica
+said.
+    The offering will be co-managed by Salomon Brothers Inc and
+the bank.
+    "Selling these loans provides a cost-effective source of
+medium-term funds and allows the bank to leverage its existing
+capital base across a broad range of activities," said Vice
+Chairman and Chief Financial Officer Frank Newman.
+    Bank of America said it will continue to service the loans
+and maintain customer relationships, while the proceeds of the
+offering can be used to fund new loans.
+    BankAmerica said it pioneered securitization in 1977 with
+home loans sold as mortgage pass-through certificates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7101" NEWID="19265">
+<DATE>19-JUN-1987 12:38:20.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1587&#31;reute
+r f BC-TRIBUNE-CO-&lt;TRB>-TO-S   06-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIBUNE CO &lt;TRB> TO SELL MEDIUM-TERM NOTES</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Tribune Co said it is offering up to
+100 mln dlrs of medium-term notes.
+    The notes will have maturities from nine months to 15
+years, the company said. The terms of each deal will be set at
+the time of sale.
+    They will be offered on a continuing basis through Salomon
+Brothers and Merrill Lynch, the firm added.
+    Proceeds will be used for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7102" NEWID="19266">
+<DATE>19-JUN-1987 12:41:54.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>uganda</D><D>mozambique</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1608&#31;reute
+r f BC-UGANDA,-MOZAMBIQUE-WI   06-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UGANDA, MOZAMBIQUE WIN DEBT RESCHEDULING ACCORD</TITLE>
+<DATELINE>    PARIS, June 19 - </DATELINE><BODY>The Paris Club of creditor nations agreed
+to a major rescheduling of Uganda's and Mozambique's
+government-to-government debts, the Club said in a statement.
+    At meetings here this week, both countries were accorded
+terms that were more generous than usually granted by the Club.
+Uganda was given 15 years to repay its debts with a six-year
+grace period while Mozambique was accorded an exceptionally
+long 20-year period, with 10 years' grace.
+    The Club said it approved of both countries' economic and
+financial programs and would therefore make a contribution to
+improve their external payments prospects.
+    It said both countries faced heavy debt service obligations
+and low per capita income, adding the solution of the
+countries' debt problems would take a number of years.
+    The statement also said Mozambique's limited debt service
+capacity made borrowing from the International Monetary Fund in
+the upper credit tranches "inappropriate."
+    No details were available from the countries' embassies nor
+from the Club on the amounts involved, but last week the
+Ugandan Finance Minister Chrispus Kiyonga said he was hoping
+for a rescheduling of 120 mln dlrs. Uganda's total foreign debt
+is estimated at some 1.5 billion dlrs.
+    A French Finance Ministry statement issued the same time as
+the Paris Club statement, said France had formally agreed with
+Gabon to reschedule bilateral unpaid debt amounting to about
+440 mln francs.
+    The bilateral agreement, covering payments due to have been
+made by May 31 this year, follows the Paris Club's January
+decision to grant Gabon an extended repayment period for its
+government-to-government debt.
+    The ministry said French aid to Gabon in 1987, within the
+framework of the country's economic recovery program, amounts
+to about 1.67 billion francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7103" NEWID="19267">
+<DATE>19-JUN-1987 12:41:59.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1609&#31;reute
+h f BC-CHANCELLOR-CORP-&lt;CHCR   06-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHANCELLOR CORP &lt;CHCR.O> 4TH QTR MARCH 31 LOSS</TITLE>
+<DATELINE>    BOSTON, June 19 -
+    </DATELINE><BODY>Shr loss 20 cts vs loss three cts
+    Net loss 346,000 dlrs vs loss 26,000 dlrs
+    Revs 7,671,000 dlrs vs 4,775,000 dlrs
+    12 mths
+    Shr profit one dlr vs profit 2.19 dlrs
+    Net profit 2,927,000 dlrs vs profit 5,613,000 dlrs
+    Revs 40.9 mln vs 35.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7104" NEWID="19268">
+<DATE>19-JUN-1987 12:42:45.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1613&#31;reute
+u f BC-JEWELMASTERS-&lt;JEM>-IN   06-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEWELMASTERS &lt;JEM> IN PACT WITH DISNEY &lt;DIS></TITLE>
+<DATELINE>    WEST PALM BEACH, Fla., June 19 - </DATELINE><BODY>Jewelmasters Inc said it
+signed a licensing agreement with Walt Disney Co to make and
+market gold jewelry featuring such Disney characters as Mickey
+Mouse, Minnie Mouse, Donald Duck, Pluto and Goofy.
+    Terms were not disclosed.
+    The company said the "Disney in Gold" merchandise,
+including necklaces, earrings and rings in 14 carat and 18
+carat gold, will cost anywhere from 200 dlrs to 10,000 dlrs.
+    It said sales are expected to begin in the fall, and the
+initial license agreement begins in June and continues through
+September 1988 with "multiple renewal options."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7105" NEWID="19269">
+<DATE>19-JUN-1987 12:46:21.73</DATE>
+<TOPICS><D>livestock</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L 
+&#22;&#22;&#1;f1625&#31;reute
+b f BC-U.S.-REFUSES-PARTS-OF   06-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. REFUSES PARTS OF TWO AUSTRALIA BEEF CARGOES</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>U.S. Agriculture Department
+inspectors have refused entry to parts of two lots of
+Australian beef because of pesticide residues, a spokeswoman
+for the department said.
+    She said USDA has notified Australia, which assured it that
+stricter controls would be implemented.
+    The Australian government had already imposed residue
+controls and it is believed the meat with the presticide
+residues was already in the pipeline before the controls were
+put in place, the spokeswoman said.
+    There have been five other cases of Australian meat which
+had residue levels above U.S. allowable limits this year, she
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7106" NEWID="19270">
+<DATE>19-JUN-1987 12:54:16.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f1647&#31;reute
+u f BC-UNC   06-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEVRON &lt;CHV> CUTS UNC &lt;UNC> STAKE TO 8.4 PCT</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>Chevron Corp said it sold 4.6 mln
+shares of UNC Inc common stock on June 15, leaving it with 1.4
+mln UNC common shares, or 8.4 pct of the total.
+    In a filing with the Securities and Exchange Commission,
+Chevron said it sold the shares for 11.88 dlrs each, or a total
+of 54.6 mln dlrs, under an agreement it had with UNC.
+    The stock was sold to an underwriting syndicate managed by
+Dillon, Read and Co Inc and Donaldson, Lufkin and Jenrette
+Securities Corp, with the underwriters paying 38.3 mln dlrs and
+UNC paying 16.4 mln, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7107" NEWID="19271">
+<DATE>19-JUN-1987 12:55:45.30</DATE>
+<TOPICS><D>acq</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1651&#31;reute
+u f BC-N-D-RESOURCES-&lt;NUDY.O   06-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N-D RESOURCES &lt;NUDY.O> AGREES TO ACQUIRE ATOKA</TITLE>
+<DATELINE>    CASTLE ROCK, COLO., June 19 - </DATELINE><BODY>N-D Resources Inc said it
+agreed in principle to issue an undetermined number of shares
+to Recovery Resources Corp, Bahrain, in order to acquire
+Recovery's Atoka Gas Gathering Systems Inc.
+    Atoka currently operates a 20-mile natural gas pipeline of
+46 miles in length in southeastern Oklahoma.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7108" NEWID="19272">
+<DATE>19-JUN-1987 12:56:06.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1654&#31;reute
+r f BC-SAFEWAY-AGREES-TO-SEV   06-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAFEWAY AGREES TO SEVERANCE FOR DALLAS WORKERS</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The United Food and Commercial
+Workers Union said unlisted Safeway Inc has agreed to provide
+severance pay to about 5,000 workers in the Dallas area
+resulting from the closure of a division last April.
+    The union said the total severance payment will be about
+five mln dlrs. It said the division was closed as a result of
+4.6 billion dlrs in debt incurred from a leveraged buyout last
+year.
+    The union said it filed suit following the leveraged buyout
+to protect the claims of union members.
+    The leveraged buyout was implemented to ward off a bid by
+Dart Group Corp &lt;DARTA.O>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7109" NEWID="19273">
+<DATE>19-JUN-1987 12:58:08.25</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>ethiopia</D><D>lesotho</D><D>djibouti</D><D>kenya</D><D>malawi</D><D>mauritius</D><D>rwanda</D><D>somalia</D><D>swaziland</D><D>tanzania</D><D>uganda</D><D>zambia</D><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M T C G 
+&#22;&#22;&#1;f1660&#31;reute
+r f BC-AFRICAN-STATES-AGREE   06-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFRICAN STATES AGREE TO REGIONAL TARIFF CUTS</TITLE>
+<DATELINE>    ADDIS ABABA, June 19 - </DATELINE><BODY>Fifteen countries in Eastern and
+Southern Africa have agreed to cut tariffs on regional trade by
+10 pct every two years up to 1996.
+    A statement by the Preferential Trade Area (PTA), which
+seeks to create a common market stretching from Ethiopia in the
+north to Lesotho in the south, said the governments would make
+the first tariff cut next year.
+    In 1996 they would assess the impact of the tariff
+reductions and work out a new timetable for the complete
+elimination of all barriers to trade by the year 2000.
+    The PTA, set up in 1982, groups Burnudi, the Comoros,
+Djibouti, Ethiopia, Kenya, Lesotho, Malawi, Mauritius, Rwanda,
+Somalia, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.
+    PTA sources said the agreement averted a split between
+members wanting more progress towards free trade and weaker
+states concerned about the effects on customs revenue.
+    The reductions cover only a common list of 300 or so widely
+traded commodities and goods but PTA sources said the
+organisation planned to expand the list to include 425 items.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7110" NEWID="19274">
+<DATE>19-JUN-1987 12:59:33.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>jamaica</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1666&#31;reute
+r f BC-WORLD-BANK-TO-LOAN-JA   06-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK TO LOAN JAMAICA 104 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The World Bank said it approved four
+loans to Jamaica totalling 104 mln dlrs to assist that country
+with an economic structural adjustment program, a sugar
+industry rehabilitation scheme and a population and health
+project.
+    The bank said two loans will support Jamaica's structural
+adjustment program -- a 40 mln dlr loan for trade and financial
+sector adjustment and a 20 mln dlr loan for the public
+enterprise sector.
+    The 40 mln dlr loan is designed to raise the performance of
+exports and industry and strengthen the financial sector.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7111" NEWID="19275">
+<DATE>19-JUN-1987 13:00:31.06</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>oat</D><D>barley</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1669&#31;reute
+u f BC-SASKATCHEWAN-CROPS-DE   06-19 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SASKATCHEWAN CROPS DETERIORATE IN HOT WEATHER</TITLE>
+<DATELINE>    REGINA, June 19 - </DATELINE><BODY>Hot, dry weather has caused some
+deterioration in Saskatchewan crops, according to the
+Saskatchewan Wheat Pool's weekly crop report.
+    Rain was needed in the southwest, west-central and
+northeast regions, and other regions were expected to need rain
+soon.
+    Summerfallow crops were in fair to good condition, while
+stubble crops were rated fair to poor. Wheat, durum, oats and
+barley crops were all one-pct headed, rye was 40 pct in the
+milk stage and winter wheat was 21 pct milk stage.
+    Flax was 51 pct tillering, and canola was 58 pct tillering.
+    Areas of the southern grain belt were hit by high winds and
+hail Tuesday, with some damage reported.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7112" NEWID="19276">
+<DATE>19-JUN-1987 13:01:22.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f1674&#31;reute
+r f BC-FULL-INTERSTATE-BANKI   06-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FULL INTERSTATE BANKING GAINS IN ILLINOIS</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>Illinois Governor James Thompson will
+likely sign a bill setting December 1, 1990, as the trigger
+date opening the state to wider interstate banking, a
+gubernatorial spokesman said.
+    The bill passed both chambers of the Illinois legislature
+this week by wide margins.
+    The bill provides that Illinois banks and bank holding
+companies can be acquired by similar institutions from any
+state with a reciprocal law. Current Illinois law limits
+interstate banking to six Midwestern states.
+    The governor had supported a July 1, 1988, date for full
+interstate banking. Large banking firms, particularly Citicorp
+&lt;CCI>, have lobbied for the earlier date.
+    But legislation with the later date was approved in the
+state's house and senate. The governor has the authority to use
+an amendatory veto and pencil in an earlier trigger date.
+    "I'm sure the bill will get his approval," the spokesman
+said. "The only question is whether he will use his authority
+to change the trigger date. He will hear from people who want
+the different dates. I don't think he'll take action before
+late summer."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7113" NEWID="19277">
+<DATE>19-JUN-1987 13:01:42.16</DATE>
+<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>canada</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1676&#31;reute
+u f BC-JAPAN-BUYS-8,000-TONN   06-19 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN BUYS 8,000 TONNES OF CANADIAN RAPESEED</TITLE>
+<DATELINE>    WINNIPEG, June 19 - </DATELINE><BODY>Japanese crushers bought 8,000 tonnes
+of Canadian rapeseed for shipment from the last-half of July to
+September, trade sources said.
+    Price details were not available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7114" NEWID="19278">
+<DATE>19-JUN-1987 13:05:20.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>jamaica</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f1703&#31;reute
+d f BC-WORLD-BANK-TO-LOAN-JA   06-19 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK TO LOAN JAMAICA 104 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The World Bank said it approved loans
+to Jamaica totalling 104 mln dlrs to assist it with an economic
+structural adjustment program, a sugar industry rehabilitation
+scheme and a population and health project.
+    The bank said two loans will support Jamaica's structural
+adjustment program -- a 40 mln dlr loan for the trade and
+financial sector and a 20 mln dlr loan for the public
+enterprise sector.
+    The bank said a 34 mln dlr loan is to help Jamaica's sugar
+industry become self-sufficient and meet both domestic demand
+and the export demand of the United States and European
+Community.
+    The fourth loan, for 10 mln dlrs, is to improve family
+planning programs and health care.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7115" NEWID="19279">
+<DATE>19-JUN-1987 13:08:32.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1715&#31;reute
+f f BC-IC-INDUSTRIES-N   06-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IC INDUSTRIES NAMES KARL BAYS CHAIRMAN, CHIEF EXECUTIVE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7116" NEWID="19280">
+<DATE>19-JUN-1987 13:11:55.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1728&#31;reute
+u f BC-GALAXY-&lt;GTV>-TO-SELL   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GALAXY &lt;GTV> TO SELL WEST TEXAS ASSETS</TITLE>
+<DATELINE>    SIKESTON, Mo., June 19 - </DATELINE><BODY>Galaxy Cablevision L.P. said it
+signed a letter of intent to sell the assets of its cable
+television systems in West Texas which serve about 4,600 basic
+subscribers through nine cable television systems.
+    Terms were not disclosed and the Galaxy did not identify
+the buyer. The company also said it will make its first cash
+dividend of 37 cents per unit on or about August 15 to holders
+of record June 30.
+    In March, Galaxy completed a public offering of 2.2 mln
+units for 43 mln dlrs and acquired the assets of 132 cable
+television systems for about 34 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7117" NEWID="19281">
+<DATE>19-JUN-1987 13:13:16.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1732&#31;reute
+f f BC-NORTH-AMERICAN   06-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NORTH AMERICAN COMMUNICATIONS WEIGHS POSSIBLE SALE OR
+MERGER
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7118" NEWID="19282">
+<DATE>19-JUN-1987 13:13:33.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1733&#31;reute
+b f BC-/IC-INDUSTRIES-&lt;ICX>   06-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IC INDUSTRIES &lt;ICX> NAMES KARL BAYS AS CHAIRMAN</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>IC industries Inc said Karl Bays has
+been elected chairman and chief executive officer effective
+July one.
+    William Johnson, who is recovering from a recent stroke,
+has been named chairman emeritus and will continue as a member
+of the board.
+    Bays is currently chairman of Baxter Travenol Laboratories
+Inc &lt;BAX>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7119" NEWID="19283">
+<DATE>19-JUN-1987 13:14:39.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1739&#31;reute
+u f BC-STIFEL-FINANCIAL-&lt;SF>   06-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STIFEL FINANCIAL &lt;SF> RECEIVES MERGER PROPOSAL</TITLE>
+<DATELINE>    ST LOUIS, Mo., June 19 - </DATELINE><BODY>Stifel Financial Corp said it
+received an unsolicited merger proposal from privately held
+Laidlaw Adams and Peck Inc for 15 dlrs a share in cash for all
+its outstanding shares.
+    The proposal, which expires July 1, values Stifel at about
+54 mln dlrs.
+    Stifel has about 3.6 mln shares outstanding.
+    The company said its management and board of directors will
+consider the proposal but have not set a date to meet.
+    It said the proposal is currently being studied by Goldman
+Sachs and Co and legal counsel.
+    It said conditions of the proposal include obtaining
+necessary financing, satisfactory completion of a due diligence
+investigation by Laidlaw, and execution of employment contracts
+with key employees to be designated by Laidlaw.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7120" NEWID="19284">
+<DATE>19-JUN-1987 13:14:43.38</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E V RM 
+&#22;&#22;&#1;f1740&#31;reute
+f f BC-CANADIAN-MONEY-SUPPLY   06-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADIAN MONEY SUPPLY M-1 FELL 430 MLN DLRS IN WEEK, BANK
+OF CANADA SAID
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7121" NEWID="19285">
+<DATE>19-JUN-1987 13:15:39.07</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>algeria</D><D>libya</D><D>saudi-arabia</D><D>iran</D><D>iraq</D><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A Y 
+&#22;&#22;&#1;f1743&#31;reute
+r f BC-OIL-PRICES SCHEDULED  06-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OIL PRICES STRONG AHEAD OF OPEC MEETING</TITLE>
+<AUTHOR>    By SUSAN SHERER, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>U.S. crude oil prices are at their
+highest level in more than a year ahead of next week's OPEC
+meeting, even though most industry analysts do not expect any
+policy changes from the session.
+    They said prices, which have steadily climbed since the
+organization's accord in December, have risen on technical
+factors within the market and concerns about supplies because
+of the Iran-Iraq war, which could disrupt deliveries from the
+Gulf.
+    The U.S. benchmark crude West Texas Intermediate is trading
+around 20.55 dlrs in the July contract on New York Mercantile
+Exchange's energy futures and in the spot market. That is its
+highest level since January 1986.
+    OPEC conference president Rilwanu Lukman, who is Nigeria's
+oil minister, said Friday he expects the meeting in Vienna to
+be brief and calm and that OPEC's current price and production
+agreement may only need a slight review.
+    Although most industry experts expect just a reaffirmation
+of the December agreement, oil prices continue to climb due to
+a desire to hedge positions in case of any surprises.
+    Analysts expect the higher prices to continue until soon
+after the OPEC meeting. At that point, barring any increased
+tension in the Gulf or changes in OPEC's policies, prices
+should begin easing.
+    "OPEC will probably not do anything it hasn't already agreed
+to in December because oil prices are firm," said John Hill, a
+vice president at Merrill Lynch Futures.
+    OPEC agreed in December to maintain official oil prices at
+18 dlrs a barrel and raise the group's production ceiling to
+16.6 mln barrels per day in the third quarter and to 18.3 mln
+barrels in the fourth quarter.
+    This agreement helped send prices sharply higher, rising
+from 15 dlrs a barrel in early December.
+    Several OPEC members who are price hawks, including Iran,
+Algeria and Libya, will seek a higher official price and a
+reduction in output.
+    "And if U.S. West Texas Intermediate crude continues to
+trade above 20 dlrs a barrel, there is a greater chance that
+OPEC will raise its official 18 dlrs price," said Nauman
+Barakat, analyst at Smith Barney, Harris Upham and Co.
+    But most analysts expect the more moderate producers, such
+as Saudi Arabia, to block any changes in policy.
+    "The meeting will be a non-event with no change in the
+official prices because OPEC, and in particular the Saudis, are
+committed to stabilizing the market," said Rosario Ilacqua,
+analyst with L.F. Rothschild.
+    However, some analysts said OPEC may need to hold a meeting
+in September to re-evaluate market conditions.
+    Overproduction by OPEC will become a real problem in the
+fourth quarter when the quota is raised to 18.3 mln barrels a
+day and Iraq's pipeline through Turkey brings another 500,000
+barrels to the market each day, said John Lichtblau, president
+of Petroleum Industry Ressearch Foundation.
+    Most expect Saudi Arabia to oppose a price increase at this
+meeting but many look for an increase by year-end to 20 dlrs to
+offset the decline in the dollar. Oil prices are denominated
+throughout the world in dollars, so as the currency declines,
+producers receive less money for their oil.
+    "The only real production restraint in OPEC is Saudi Arabia,"
+said Sanford Margoshes, analyst at Shearson Lehman Brothers.
+    "In the second half of the year we expect the Saudis not to
+produce at their 4.1 mln barrel a day quota and therefore act
+as a vehicle to stablize the market and pave the way for a two
+dlrs a barrel price increase at the December 1987 meeting," he
+said.
+    One uncertain factor is the course of the Iran-Iraq war.
+    "The wild card is the increased tensions in the Persian
+Gulf," said Frank Knuettel, analyst with Prudential-Bache
+Securites.
+    Oil tankers taking oil from Iraq and Kuwait have been
+regular targets for Iranian planes. The Reagan administration
+is planning to put Kuwait tankers under the protection of the
+U.S. flag, with naval escorts.
+    "Extra (oil) inventories are needed during a time of crisis
+like this, and just general nervousness over an incident that
+could disrupt oil supplies drives prices up," Knuettel said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7122" NEWID="19286">
+<DATE>19-JUN-1987 13:16:09.45</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1746&#31;reute
+u f BC-N.Y.-TIMES-&lt;NYT>-TO-B   06-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Y. TIMES &lt;NYT> TO BUY GWINNETT DAILY NEWS</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>The New York Times Co said it had an
+agreement to buy the Gwinnett Daily News, an evening newspaper
+published in Lawrenceville, Ga., Terms were not disclosed.
+    The company said Gwinnett has a weekday circulation of
+about 27,500 and a Sunday circulation of about 30,900. The New
+York Times also said Gwinnett County, a northeast suburb of
+Atlanta, is the fastest-growing county in the country.
+    The purchase agreement includes the Forsyth County News,
+published on Wednesday and Sunday and the Winder News, a
+weekly, among other publications.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7123" NEWID="19287">
+<DATE>19-JUN-1987 13:17:35.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F 
+&#22;&#22;&#1;f1753&#31;reute
+d f BC-LLOYD'S-OF-LONDON-DEC   06-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLOYD'S OF LONDON DECLARES PCW OFFER UNCONDITIONAL</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Lloyd's of London, the insurance market,
+said its offer for a settlement of the five-year old &lt;PCW
+Underwriting Agencies> affair, which involved losses totaling
+about 235 mln stg, was unconditional.
+    For the offers to become unconditional, there had to be 90
+pct acceptance by those Lloyd's members affected by the PCW
+fraud, although this level could be reduced by a caretaker
+agency set up in 1985 to manage the affair.
+    The offers involve one-off cash payments by PCW names -
+investors who guarantee insurance risks - in exchange for a
+Lloyd's guarantee ending their exposure to PCW-related claims.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7124" NEWID="19288">
+<DATE>19-JUN-1987 13:18:20.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1756&#31;reute
+r f BC-CHANCELLOR-&lt;CHCR.O>-D   06-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHANCELLOR &lt;CHCR.O> DECLARES SPECIAL DIVIDEND</TITLE>
+<DATELINE>    BOSTON, June 19 - </DATELINE><BODY>Chancellor Corp said its board declared a
+special dividend of 17 cts per share payable Aug 14, 1987, to
+shareholders of record July 31, 1987.
+    The company said it is not its intention to pay quarterly
+dividends, but from time to time, pays special dividends if the
+board believes it appropriate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7125" NEWID="19289">
+<DATE>19-JUN-1987 13:20:06.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1763&#31;reute
+r f BC-FURTHER-US-DEFENSE-WR   06-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FURTHER US DEFENSE WRITEOFFS LIKELY, ANALYSTS SAY</TITLE>
+<AUTHOR>    By Steven Radwell, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>The tug-of-war over who pays to develop
+new weapons--contractors or the government--is likely to lead
+to more writeoffs by defense firms, analysts said.
+    Singer Co &lt;SMF> and Northrop Corp &lt;NOC> recently announced
+planned second quarter writeoffs related to costs of major
+defense programs under fixed-price government contracts.
+    "It's a case of companies paying for things that in a
+different environment the Defense Department would have paid
+for," said Howard Mager of Donaldson Lufkin Jenrette Securities
+Corp.
+    In recent years, the Defense Department, DOD, has increased
+competitive bidding for weapons contracts and has asked
+contractors to pay more of the costs of developing weapons
+programs.
+    The moves have helped cut waste and abuse by contractors
+but have also dictated that the firms assume much more risk,
+analysts said.
+    "It's a stricter environment," said Anthony Hatch of Argus
+Research Corp. "Contractors are absorbing more of the cost and
+more of risk and that's likely to be the trend for some time to
+come."
+    The trend will probably lead to further writeoffs, the
+analysts said. Programs most prone, they agreed, are the
+Advanced Tactical Fighter, ATF, a new generation,
+high-technology fighter plane being developed for the U.S. Air
+Force, the C-17 air transport plane and the Light Helicopter
+Experimental, LHX, under development for the Army.
+    Other programs may also be affected, they said.
+    The Air Force is expected to order 750 of the advanced
+fighter planes in the 1990s at a cost of up to 40 billion dlrs,
+analysts have said. Two teams of contractors are competing for
+a contract to develop a prototype ATF.
+    Lockheed Corp &lt;LK>, General Dynamics Corp &lt;GD> and Boeing
+Co &lt;BA> are teamed in competition against Northrop Corp &lt;NOC>
+and McDonnell Douglas Corp &lt;MD> on ATF.
+    The two teams fighting for an award to develop the LHX are
+Bell Helicopter, a unit of Textron Inc &lt;TXT>, coupled with
+McDonnell Douglas, and United Technologies Corp's &lt;UTX>
+Sikorsky paired with Boeing.
+    The C-17 is a four-engine transport plane. McDonnell
+Douglas's Douglas Aircraft Co is working on two test planes,
+and a production award for up to 210 of the aircraft should be
+made by late 1989, a Douglas Aircraft spokesman said.
+    Under the government's new procedures, contractors can
+spend hundreds of millions of dollars on development and  
+typically recoup their investments during production.
+    But now the government sometimes awards production to a
+second contractor who did not develop the system. General
+Electric Co &lt;GE>, for example, developed the F404 engine for
+the Navy. But two weeks ago, the Pentagon awarded 30 pct of
+F404 production to United Technologies' Pratt and Whitney.
+    Such tactics have increased competition but the government
+now risks decimating the industry by making it too competitive,
+said Michael LaTronica of Redding Research Group.
+    "Two years ago, defense contractors were their own worst
+enemies. They were not cost efficient," LaTronica said. "Now
+DOD has allowed the situation to swing so far back the other
+way that you may be in danger of losing the defense industry as
+a national resource."
+    While the nation as a whole has posted trade deficits in
+recent years, aerospace and defense has exported more products
+than it imported, he noted.
+    LaTronica and others said, however, that changes in
+government procurement may be coming.
+    "I hear that the Pentagon is looking into the situation,"
+said John Diamantis, defense analyst at Pershing and Co.
+    He said that some small defense electronics firms believe
+the Pentagon will begin re-evaluating procurement policy and
+perhaps start paying more development money.
+    Redding Research's LaTronica, who still likes the industry
+despite the probability of additional unforeseen writeoffs,
+said, "There's been a swing in sentiment. The defense bashing
+psychology of the last few years is starting to shift."
+    LaTronica noted that one government official has recently
+suggested that the winner of the ATF prototype award should get
+sole production of the plane for a specified time.
+    The investments are large. The Lockheed, General Dynamics,
+Boeing ATF team, for example, is spending 691 mln dlrs just to
+develop the prototype.
+    The danger the Pentagon runs if changes are not made is
+that companies will hesitate to bid to develop a program but
+instead will wait for a second source production award.
+    "But it may take a company going bust to really change
+people's thinking," LaTronica said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7126" NEWID="19290">
+<DATE>19-JUN-1987 13:22:59.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1777&#31;reute
+u f BC-REED-SAYS-IT-HAS-NO-C   06-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REED SAYS IT HAS NO COMMENT ON HARCOURT RUMOURS</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Reed International Plc &lt;REED.L> said it
+had no comment to make on U.K. stock market rumors that
+Harcourt Brace Jovanovich Inc &lt;HBJ> may make a bid for the
+company in order to escape unwelcome offers from Robert
+Maxwell's British Printing and Communication Corp &lt;BPCL.L>.
+    A spokeswoman for Reed said earlier analysts forecasts that
+a bid for Reed will have to be about 700 mln stg were totally
+unrealistic, adding that its current market is about 2.7
+billion stg.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7127" NEWID="19291">
+<DATE>19-JUN-1987 13:25:57.90</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f1788&#31;reute
+r f BC-UNOCAL&lt;UCL>-SCRAPS-FL   06-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOCAL&lt;UCL> SCRAPS FLUIDIZED BED BOILER PROJECT</TITLE>
+<DATELINE>    LOS ANGELES, June 19 - </DATELINE><BODY>Unocal Corp said it told the U.S.
+Treasury Department that it will not include fluidized bed
+combustion technology, a method for the more efficient burning
+of solids, at its Parachute Creek oil shale project in Colorado
+due to high costs.
+    Under a 1985 agreement with the now-defunct U.S. Synthetic
+Fuels Corp, Unocal said it would study using the technology at
+the oil shale plant. In return the company would have been
+eligible for 500 mln dlrs in loan gaurantees and price supports
+from the U.S. Treasury Department, which took over the contract
+from the Synthetic Fuels Corp, Unocal said.
+    Unocal said its studies showed the cost for the fluidized
+bed combustion facility would have exceeded 352 mln dlrs,
+compared with an original estimate of 260 mln dlrs.
+    The fluidized bed facility would have provided heat and
+electricity for the oil shale project, Unocal said.
+    Last year's fall in oil prices and the loss of investment
+tax credit under the Tax Reform Act made the project
+uneconomical even with government price supports and loan
+guarantees, Unocal said.
+    The Parachute Creek oil shale plant produces about 4,000 to
+5,000 barrels per day of crude shale oil, Unocal said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7128" NEWID="19292">
+<DATE>19-JUN-1987 13:26:10.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1789&#31;reute
+u f BC-MERCK-&lt;MRK>,-SQUIBB-&lt;   06-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCK &lt;MRK>, SQUIBB &lt;SQB> BENEFIT FROM STUDY</TITLE>
+<AUTHOR>    By Samuel Fromartz, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Merck Co &lt;MRK> and Squibb Corp &lt;SQB>
+will benefit from a study that shows lower levels of blood
+cholesterol slows the build-up of fat in the heart's arteries,
+lowering the risk of heart attacks, industry analysts said.
+    Both companies have developed drugs that slow the body's
+production of cholesterol although Merck is about 18 months
+ahead of Squibb with a drug expected to be approved this year.
+    "Certainly this study will create greater acceptance of
+anti-cholesterol drugs," said Robert Uhl, a drug analyst at F.
+Eberstadt Fleming.
+    Although neither company's drug was used in the study,
+which was conducted by a team of scientists at the University
+of Southern California School of Medicine, both are leaders in
+a new class of drugs that fight cholesterol.
+    The study, reported in the Journal of the American Medical
+Association, showed lower levels of cholesterol, achieved
+through a combination of drugs and special diet, slowed and in
+some cases reversed the build up of fatty deposits in the
+heart's arteries.
+    Such build up leads to heart attacks, the leading cause of
+death in the U.S.
+    Health officials have said lower levels of cholesterol
+could immediately benefit six mln Americans who suffer symptoms
+of coronary artery disease. The study advocated reduction of
+cholesterol in some 40 mln Americans.
+    As the anti-cholesterol crusade gains momentum, industry
+analysts and executives believe a healthier diet and drug
+therapy will gain wider acceptance.
+    In this context, pharmaceutical analyst David Crossen of
+Sanford C. Bernstein said "the culture can shift in terms of
+drug treatment because some people arn't going to fundamentally
+alter their diets".
+    The worldwide anti-cholesterol drug market is valued at 600
+mln dlrs a year. But as the new drugs reach the market,
+analysts estimate revenues will swell to 1.5 billion dlrs
+annually in about next five years.
+    The drugs used in the study, in combination with the low
+cholesterol diet, were niacin, a common compound, and
+colestipol, a drug Upjohn Co &lt;UPJ> has sold since 1977.
+    But these two drugs have some drawbacks that analysts say
+the new drugs from Merck and Squibb avoid. "Niacin leads to
+tremendous amounts of flushing, constipation, or stomach
+upset," Crossen said.
+    Colestipol, a sand-like powder, comes in a dosage of 15 to
+30 grams and must be mixed with a glass of water. "It isn't fun
+to take," Crossen said. Drug analyst Uhl said the drawbacks
+restricted Upjohn's sales for the drug, which he said is under
+10 mln dlrs a year.
+    In contrast, the new drugs from Merck and Squibb have
+little side effects because they target a key factor in the
+body's production of cholesterol -- an enzyme found in the
+liver.
+   
+    "Past methods of getting down cholesterol have been rather
+variable," said Dr. Charles Sanders, an executive vice
+president at Squibb. The new drugs, in contrast, interupt a
+clear step in cholesterol production, Sanders said.
+    Also, the new drugs are easier to take since they come in a
+tablet form swallowed once or twice a day.
+    Merck's drug, Mevacor, received a recommendation from an
+advisory panel of the Food and Drug Administration earlier this
+year and is expected to receive full approval for sale in late
+summer or fall.
+    Squibb's drug, eptastatin, is expected to be submitted for
+regulatory approval in the first or second quarter 1988,
+Sanders said.
+    Warner Lambert Co &lt;WLA> and Bristol Meyers Co &lt;BMY> also
+have cholesterol fighting compounds similar to the Upjohn drug,
+but only Merck and Upjohn are ahead in the new class of
+cholesterol inhibitors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7129" NEWID="19293">
+<DATE>19-JUN-1987 13:26:56.15</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1794&#31;reute
+u f BC-CIVIL-SERVICE-STRIKE   06-19 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIVIL SERVICE STRIKE DELAYS U.K. TRADE FIGURES</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Civil service industrial action started
+early this month will delay the publication of May's U.K.
+Overseas trade figures, which had been due out next Thursday, a
+Trade and Industry Department statement said.
+    A department spokesman said the figures will probably be
+put back by about a month. The June trade figures, due in late
+July, will also be delayed, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7130" NEWID="19294">
+<DATE>19-JUN-1987 13:27:31.03</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V E RM 
+&#22;&#22;&#1;f1795&#31;reute
+b f BC-CANADIAN-MONEY-SUPPLY   06-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN MONEY SUPPLY FALLS IN WEEK</TITLE>
+<DATELINE>    OTTAWA, June 19 - </DATELINE><BODY>Canadian narrowly-defined money supply
+M-1 fell 430 mln dlrs to 35.65 billion dlrs in week ended June
+10, Bank of Canada said.
+    M-1-A, which is M-1 plus daily interest chequable and
+non-personal deposits, fell 874 mln dlrs to 79.97 billion dlrs
+and M-2, which is M-1-A plus other notice and personal
+fixed-term deposits, fell 952 mln dlrs to 184.45 billion dlrs.
+    M-3, which is non-personal fixed term deposits and foreign
+currency deposits of residents booked at chartered banks in
+Canada, fell 549 mln dlrs to 225.30 billion dlrs.
+    Chartered bank general loans outstanding fell 584 mln dlrs
+to 127.58 billion dlrs.
+    Canadian liquid plus short term assets rose 20 mln dlrs to
+37.96 billion dlrs and total Canadian dollar major assets of
+the chartered banks fell 753 mln dlrs to 229.05 billion dlrs.
+    Chartered bank net foreign currency assets fell 92 mln dlrs
+to minus 1.92 billion dlrs.
+    Notes in circulation totalled 17.11 billion dlrs, up 59 mln
+dlrs from the week before.
+    Government cash balances rose 26 mln dlrs to 2.65 billion
+dlrs in week ended June 17.
+    Government securities outstanding fell 424 mln dlrs to
+227.38 billion dlrs in week ended June 17, treasury bills rose
+700 mln dlrs to 78.00 billion dlrs and Canada Savings Bonds
+fell 121 mln dlrs to 42.45 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7131" NEWID="19295">
+<DATE>19-JUN-1987 13:28:13.43</DATE>
+<TOPICS><D>platinum</D></TOPICS>
+<PLACES><D>uk</D><D>ussr</D><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1797&#31;reute
+u f BC-PLATINUM-DEMAND-ESTIM   06-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLATINUM DEMAND ESTIMATED 17 PCT HIGHER BY 1991</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Demand for platinum could reach 3.4 mln
+ounces by 1991, compared with an estimated offtake of 2.88 mln
+in 1986, Chris Clark, platinum marketing director for Johnson
+Matthey Plc said.
+    Clark told a meeting of the Minerals Research Organisation
+in Milton Keynes he foresaw a 250,000 ounce increase in
+consumption for use in autocatalysts, currently the largest
+single application for platinum.
+    Jewellery consumption is set to rise by 70,000 ounces,
+Clark predicted in his speech, the text of which was released
+in London today.
+    Clark said his forecast allowed for only a modest further
+increase in investment buying and may well be cautious.
+    He said South Africa was the most likely source of
+additional supplies and will need to increase output by about
+500,000 ounces to meet increased demand.
+    The capital investment required to produce the additional
+output would be around one billion U.S. Dlrs and the political
+climate may make it difficult to raise the money, he said.
+    The Soviet Union, whose exports have declined since the
+1970s, might increase sales to the West by about 50,000 ounces,
+Clark said.
+    "The very probability of a growth in demand set against the
+massive investment required for expansion - and that expansion
+only being viable in South Africa or Russia - leads me to
+conclude that the price of platinum will be substantially
+underpinned in the medium to long-term," Clark said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7132" NEWID="19296">
+<DATE>19-JUN-1987 13:31:49.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1820&#31;reute
+r f BC-&lt;TRAMMEL-CROW>-TO-BUY   06-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TRAMMEL CROW> TO BUY WISCONSIN &lt;FWB> BUILDING</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>Trammel Crow Co said it agreed to buy
+the 42-story headquarters building of First Wisconsin Corp, for
+undisclosed terms.
+    The privately held real estate development and investment
+firm said it plans to develop the remainder of the eight-acre
+site in Milwaukee to include a tower with office space, luxury
+condominiums and retail stores.
+    First Wisconsin will continue to occupy 19 floors in First
+Wisconsin Center, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7133" NEWID="19297">
+<DATE>19-JUN-1987 13:32:01.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1822&#31;reute
+r f BC-METRO-AIRLINES-&lt;MAIR.   06-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METRO AIRLINES &lt;MAIR.O> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    DALLAS, June 19 - </DATELINE><BODY>Metro Airlines Inc said it has agreed in
+principle to acquire privately held Chaparral Airlines inc for
+5,700,000 dlrs in cash.
+    Chaparral provides regularly scheduled service out of
+Dallas/Fort Worth Regional Airport as an affiliated carrier of
+AMR Corp &lt;AMR> and had revenues in 1986 of 14.1 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7134" NEWID="19298">
+<DATE>19-JUN-1987 13:32:17.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f1823&#31;reute
+r f BC-WEATHERFORD-INTERNATI   06-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEATHERFORD INTERNATIONAL &lt;WII> EXECUTIVE LEAVES</TITLE>
+<DATELINE>    HOUSTON, June 19 - </DATELINE><BODY>Weatherford International Inc said
+executive vice president and chief operating officer Kurt K.
+Bushati will leave September One to accept a senior operating
+position with the Austrian national oil company.
+    The company said president and chief executive officer
+Eugene L. Butler will assume the added duties of chief
+operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7135" NEWID="19299">
+<DATE>19-JUN-1987 13:32:24.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f1824&#31;reute
+u f BC-DUFF/PHELPS-LOWERS-IN   06-19 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DUFF/PHELPS LOWERS INTERNATIONAL PAPER &lt;IP> DEBT</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>Duff and Phelps said it lowered its
+ratings on senior debt and preferred stock to DP-7 (low A) from
+DP-6 (high A), affecting nearly 670 mln dlrs in debt
+securities.
+    The action reflects the increased financial leverage
+resulting from the company's 1986 acquisition of Hammmermill
+Paper, which raised the fixed obligations ratio to 34 pct,
+compared with 26 pct in 1985, Duff and Phelps said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7136" NEWID="19300">
+<DATE>19-JUN-1987 13:33:23.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1830&#31;reute
+r f BC-CRAZY-EDDIE-&lt;CRZY.O>   06-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAZY EDDIE &lt;CRZY.O> REMAINS ON S/P CREDITWATCH</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Standard and Poor's Corp said it is
+keeping Crazy Eddie Inc's 81 mln dlrs of B-rated convertible
+subordinated debt on creditwatch with negatives implications.
+    The company's implied senior debt rating is BB-minus.
+    S and P said it considers a downgrade of Crazy Eddie more
+likely because of a rash of senior management resignations and
+Chemical Bank's withdrawal of a 52 mln dlr credit line.
+    Crazy Eddie has yet to respond to two competing takeover
+bids, one by founder and chairman Eddie Antar with First City
+Capital Corp and a second for about 235 mln dlrs by
+Entertainment Marketing Inc, S and P noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7137" NEWID="19301">
+<DATE>19-JUN-1987 13:33:59.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1832&#31;reute
+r f BC-MANUFACTURERS&lt;MHC>-SE   06-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURERS&lt;MHC> SELLS 2-YEAR EXTENDABLE NOTES</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Manufacturers Hanover Corp is offering
+200 mln dlrs of two-year senior extendable notes with a final
+maturity of 1993 yielding 8.30 pct, said lead manager Shearson
+Lehman Brothers Inc.
+    The notes have an 8-1/4 pct coupon and were priced at 99.90
+to yield 85 basis points more than the when-issued two-year
+Treasury note.
+    After two years, holders can sell the notes back to
+Manufacturers at par. In 1989 and every year until 1993, the
+issuer will conduct an open reset on the yields of those notes
+not sold back to it, Shearson said.
+    Moody's Investors Service Inc rates the Manufacturers issue
+A-3, compared to an A grade by Standard and Poor's Corp.
+    The gross spread is 3.50 dlrs, the selling concession is
+two dlrs and the reallowance is 1.25 dlrs. First Boston,
+Prudential-Bache and Salomon Brothers co-managed the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7138" NEWID="19302">
+<DATE>19-JUN-1987 13:34:45.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1836&#31;reute
+r f BC-LEASEWAY-&lt;LTC>-DEBT-D   06-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEASEWAY &lt;LTC> DEBT DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded to B-plus from A about 50 mln dlrs of collateral
+trust notes of Leaseway Transportation Corp.
+    S and P cited a leveraged buyout offer from an investor
+group that was organized by Citibank and included management.
+    The buyout of Leaseway will result in significant
+deterioration of its balance sheet, the agency pointed out.
+    Leaseway's strong competitive position in auto hauling and
+retail support services will enable it to generate sufficient
+cash flow to service commitments. But S and P expects debt
+leverage to remain extremely high for the forseeable future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7139" NEWID="19303">
+<DATE>19-JUN-1987 13:35:55.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1840&#31;reute
+d f BC-AMITY-BANCORP-INC-&lt;AM   06-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMITY BANCORP INC &lt;AMTY.O> SEMI-ANNUAL DIV</TITLE>
+<DATELINE>    NEW HAVEN, Conn - </DATELINE><BODY>June 19
+    Semi-annual div eight cts vs 15 cts prior
+    Pay Aug 1
+    Record July 1
+    NOTE: Before the establishment of the Amity Bancorp Inc
+holding company, Amity Bank declared a full year dividend of 15
+cts for the year ended December 31, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7140" NEWID="19304">
+<DATE>19-JUN-1987 13:36:39.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1841&#31;reute
+r f BC-TELCO-SYSTEMS-INC-&lt;TE   06-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELCO SYSTEMS INC &lt;TELC.O> 3RD QTR MAY 31 LOSS</TITLE>
+<DATELINE>    NORWOOD, MASS., June 19 -
+    </DATELINE><BODY>Shr loss 46 cts vs loss five cts
+    Net loss 3,922,000 vs loss 420,000
+    Sales 16.0 mln vs 23.9 mln
+    Avg shrs 8,567,000 vs 8,458,000
+    Nine mths
+    Shr loss 1.02 dlrs vs profit 35 cts
+    Net loss 8,685,000 vs profit 2,978,000
+    Avg shrs 8,547,000 vs 8,437,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7141" NEWID="19305">
+<DATE>19-JUN-1987 13:37:07.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1843&#31;reute
+f f BC-FEDERAL-CO-&lt;FFF   06-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FEDERAL CO PREDICTS RECORD EARNINGS PER SHARE 4.25-4.50
+DLRS FISCAL 1987.
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7142" NEWID="19306">
+<DATE>19-JUN-1987 13:37:31.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1844&#31;reute
+r f BC-CHYRON-&lt;CHY>-GETS-10   06-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHYRON &lt;CHY> GETS 10 MLN DLR CREDIT</TITLE>
+<DATELINE>     MELVILLE, N.Y., June 19 - </DATELINE><BODY>Chyron Corp said it has entered
+into a long term 10 mln dlr revolving credit agreement with
+European American Bank.
+    It said the agreement will allow it to convert 10 mln dlrs
+of short-term debt to long-term debt. The agreement is for a
+period of three years, with an option to extend payments for
+another four years, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7143" NEWID="19307">
+<DATE>19-JUN-1987 13:38:06.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1845&#31;reute
+d f BC-ALTUS-BANK-&lt;ALTS.O>-F   06-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALTUS BANK &lt;ALTS.O> FAILS TO REACH AGREEMENT</TITLE>
+<DATELINE>    MOBILE, ALA., June 19 - </DATELINE><BODY>Altus Bank said it has not been
+able to reach a definitive agreement to buy Horizon Financial
+Corp, Horizon Funding and 2.8 billion dlrs in loan servicing
+from Victor Savings and Loan Association.
+    Altus, formerly known as First Southern Federal Savings and
+Loan Association, earlier announced the signing of a letter of
+intent to make the acquisitions.
+    Horizon Financial and Horizon Funding both are units of
+Victor Savings and Loan Association.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7144" NEWID="19308">
+<DATE>19-JUN-1987 13:38:46.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1848&#31;reute
+d f BC-MARS-GRAPHIC-SERVICES   06-19 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARS GRAPHIC SERVICES INC &lt;WMD> 1ST QTR MAY 31</TITLE>
+<DATELINE>    WESTVILLE, N.J., June 19 -
+    </DATELINE><BODY>Shr 12 cts vs 10 cts
+    Net 189,578 vs 100,254
+    Sales 3,403,914 vs 3,122,983
+    Avg shrs 1,617,600 vs 954,400
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7145" NEWID="19309">
+<DATE>19-JUN-1987 13:39:03.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1849&#31;reute
+s f BC-WINTHROP-INSURED-MORT   06-19 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINTHROP INSURED MORTGAGE &lt;WMI> SETS PAYOUT</TITLE>
+<DATELINE>    BOSTON, July 19 -
+    </DATELINE><BODY>Qtly div 35 cts vs 35 cts prior
+    Pay July 15
+    Record June 30
+    NOTE: Full name is Winthrop Insured Mortgage Investors II
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7146" NEWID="19310">
+<DATE>19-JUN-1987 13:41:16.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1856&#31;reute
+s f BC-ARTHUR-D.-LITTLE-INC   06-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARTHUR D. LITTLE INC &lt;LTLE.O> SETS QUARTERLY</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., June 19 -
+    </DATELINE><BODY>Qtly div 17-1/2 cts vs 17-1/2 cts prior
+    Pay July 15
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7147" NEWID="19311">
+<DATE>19-JUN-1987 13:41:33.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1858&#31;reute
+s f BC-AMES-DEPARTMENT-STORE   06-19 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMES DEPARTMENT STORES INC &lt;ADD> SETS QUARTERLY</TITLE>
+<DATELINE>    ROCKY HILL, Conn., June 19 -
+    </DATELINE><BODY>Qtly div 2-1/2 cts vs 2-1/2 cts prior
+    Pay Sept 18
+    Record Aug 21
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7148" NEWID="19312">
+<DATE>19-JUN-1987 13:41:40.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1859&#31;reute
+r f BC-MARCADE-GROUP-INC-&lt;MA   06-19 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARCADE GROUP INC &lt;MAR> BUYS EUROPE CRAFT</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Marcade Group said it had agreed to buy
+Europe Craft Imports Inc for a combination of cash and common
+stock.
+    The company said Europe Craft designs, imports and
+distributes menswear and sportswear under the Member's Only
+brand name.
+    The company said Europe Craft had sales of 70 mln dlrs last
+year.
+    Marcade said this latest deal is part of an ongoing
+acquisition phase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7149" NEWID="19313">
+<DATE>19-JUN-1987 13:41:44.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1860&#31;reute
+s f BC-UNITIL-CORP-&lt;UTL>-SET   06-19 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITIL CORP &lt;UTL> SETS QUARTERLY</TITLE>
+<DATELINE>    BEDFORD, N.H., June 19 -
+    </DATELINE><BODY>Qtly div 47 cts vs 47 cts prior
+    Pay Aug 15
+    Record Aug Three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7150" NEWID="19314">
+<DATE>19-JUN-1987 13:42:54.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1862&#31;reute
+h f BC-MERCK-&lt;MRK>-OPENS-NEW   06-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCK &lt;MRK> OPENS NEW RESEARCH CENTER</TITLE>
+<DATELINE>    RAHWAY, N.J., June 19 - </DATELINE><BODY>Merck and Co Inc said it has opened
+a new 80 mln dlr research facility at its Rahway, N.J.,
+headquarters.
+    The company said researchers in the new building will be
+involved in research on MK-906 for reducing the size of
+enlarged prostate glands, an agent to promote wound healing the
+leukotiene substances linked to asthma and arthritis, new
+vaccines made by genetic engineering, fermentation broths and
+safe and cost-effective ways of producing new drugs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7151" NEWID="19315">
+<DATE>19-JUN-1987 13:43:31.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cboe</D><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1864&#31;reute
+d f BC-OPTIONS-ON-VIACOM-&lt;VI   06-19 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OPTIONS ON VIACOM &lt;VIA> ADJUSTED BY DIVIDEND</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>Options on Viacom International stock
+have been adjusted to account for the payment of a dividend on
+preferred stock, the Chicago Board Options Exchange said.
+    Trading in Viacom stock at the New York Stock Exchange was
+halted this morning, after the company announced a preferred
+stock dividend at a rate of 0.025834 of preferred stock for
+each preferred share held.
+    The Chicago options exchange said all exercises of the
+options as of today require delivery or receipt of 30 shares of
+preferred stock, 20 shares of common, a cash payment of
+4,322.37 dlrs and an undetermined cash payment in lieu of
+fractional shares from the preferred dividend payment.
+    The options symbol for Viacom will be changed to VIY from
+VIZ as of June 22, the exchange said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7152" NEWID="19316">
+<DATE>19-JUN-1987 13:43:45.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f1865&#31;reute
+a f BC-canchem   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN CHEMICAL PRODUCERS SET TRANSPORT CODE</TITLE>
+<DATELINE>    JASPER, Alberta, June 19 - </DATELINE><BODY>The 72-member Canadian Chemical
+Producers Association said it adopted a code of practice for
+the safe transport of chemicals and their by-products.
+    "Through cooperation with the transportation industry, we
+will not only minimize transportation accidents but also the
+risks to people and the environment," association president
+David Buzzelli said at the annual meeting in Jasper.
+    He said as a first step the association will conduct an
+internal survey rating the safety capabilities of trucking
+companies that transport chemicals.
+                    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7153" NEWID="19317">
+<DATE>19-JUN-1987 13:46:46.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1866&#31;reute
+h f BC-PACIFIC-INTERNATIONAL   06-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC INTERNATIONAL &lt;PISC.O> TO OFFER DEBT</TITLE>
+<DATELINE>     HONOLULU, June 19 - </DATELINE><BODY>Pacific International Services Corp
+said it plans to register with the Securities and Exchange
+Commission in July to issue convertible subordinated
+debentures.
+    The company did not detail the prospective offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7154" NEWID="19318">
+<DATE>19-JUN-1987 13:48:05.37</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>netherlands</D><D>brazil</D><D>colombia</D><D>kenya</D><D>indonesia</D><D>nicaragua</D><D>costa-rica</D><D>el-salvador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f1867&#31;reute
+u f BC-EUROPEAN-COFFEE-TRADE   06-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EUROPEAN COFFEE TRADE PROPOSES NEW QUOTA FORMULA</TITLE>
+<AUTHOR>    By Jeremy Lovell, Reuters</AUTHOR>
+<DATELINE>    AMSTERDAM, June 19 - </DATELINE><BODY>European coffee roasters and traders
+have agreed to propose a new formula for calculating
+International Coffee Organization, ICO, quotas, Dutch Coffee
+Trade Association chairman chairman Frits van Horick said.
+    Van Horick, who is a council member of the European Coffee
+Federation, was speaking at the end of the ECF annual meeting.
+    The new formula is based on six-year moving averages and
+would give Brazil, the world's biggest coffee producer, an
+unchanged quota for the remaining two years of the current
+coffee agreement, van Horick said.
+    If accepted by the consumer and producer members of the
+ICO, the formula could also be a basis for negotiating a new
+agreement, van Horick said.
+    Coffee quotas were suspended in February last year when
+prices shot up on fears of a drought-induced crop disaster in
+Brazil.
+    Although prices are now considerably lower, consumers and
+producers have been unable to agree on re-introduction.
+    "Brazil has been the most strongly against any change in the
+formula because it feared a lower quota. But our proposal
+leaves it very little to object to," van Horick said.
+    "The existing quota system is far too rigid and does not
+reflect supply and demand reality," he said. "Our formula
+builds flexibility into the system and will benefit almost
+everyone."
+    Although full implications of the new formula have still to
+be worked out, initial estimates suggest countries such as
+Colombia, Kenya, Indonesia and Costa Rica would get slightly
+higher quotas, while others such as the Ivory Coast, El
+Salvador and Nicaragua would lose quota share, van Horick said.
+    Because the proposal provides that future quota
+distribution must reflect current demand and actual supply, it
+should also prevent under-shipment of quota as countries doing
+so would automatically prejudice their following year's quota.
+    "If the ICO consumers accept our proposal it stands at least
+a fair chance of being accepted by the producers at the
+September meeting, most of whom are generally in favour of a
+new quota formula, " van Horick said.
+    At the same time much will depend on Brazil's attitude.
+    "Brazil is increasingly isolated on the producer side. If
+there is no frost damage to its coffee crop over the next two
+months and most other producers favour our proposal, we might
+just get an agreement," van Horick added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7155" NEWID="19319">
+<DATE>19-JUN-1987 13:54:05.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f1882&#31;reute
+b f BC-CONT'L-ILLINOIS-&lt;CIL>   06-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONT'L ILLINOIS &lt;CIL> PLANS TO ADD TO RESERVE</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>Continental Illinois Corp will add to
+its reserves against bad loans from less developed countries
+when its board meets next week, E.F. Hutton analyst Fred Meinke
+said.
+    Meinke said a Continental executive told him Friday the
+banking firm, parent of Continental Illinois National Bank and
+Trust Co of Chicago, will add to its reserves next week along
+the lines of what other banks have been doing since Citicorp
+&lt;CCI> initiated the provisioning last month.
+    Continental Illinois has about 2.6 billion dlrs in loans to
+Latin American countries.
+    Meinke said he thinks Continental Illinois will add about
+25 pct or more of its Latin American exposure to its loss
+reserve, or about 650 mln dlrs or more.
+    "They have a big reserve already. My guess this will be on
+top of that," he said.
+available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7156" NEWID="19320">
+<DATE>19-JUN-1987 13:54:28.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1885&#31;reute
+r f BC-HILLS-DEPARTMENT-STOR   06-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HILLS DEPARTMENT STORES PLANS OFFERING CHANGES</TITLE>
+<DATELINE>    CANTON, Mass, June 19 - </DATELINE><BODY>Hills Department Stores Inc said it
+has decided to amend the registration on file with the
+Securities and Exchange Commission covering its planned initial
+offering.
+    The company said it expects to offer three mln common
+shares at a filing range of 11 to 12 dlrs a share along with a
+40 mln dlr offering of convertible junior subordinated
+debentures instead of the 6.9 mln common shares proposed in the
+pending registration.
+    Hills said it expects to file a registration statement on
+the proposed changes within two weeks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7157" NEWID="19321">
+<DATE>19-JUN-1987 13:55:52.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>hungary</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1888&#31;reute
+r f BC-WORLD-BANK-LOANS-HUNG   06-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LOANS HUNGARY 70 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The World Bank said it approved a 70
+mln dlr loan to Hungary to help finance a 833.1 mln dlr
+telecommunications project.
+    The Bank noted that Hungary, which until recently had given
+telecommunications low priority, recognized that inadequate
+telecommunications are a serious constraint to economic
+development and reform.
+    The project extends through 1991 and will help Magyar
+Posta, the state enterprise overseeing the telecommunications
+sector, meet its long-term development goals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7158" NEWID="19322">
+<DATE>19-JUN-1987 13:58:01.54</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>brazil</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1890&#31;reute
+u f BC-BRAZIL-BUYS-FRENCH-WH   06-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL BUYS FRENCH WHEAT AT TENDER</TITLE>
+<DATELINE>    RIO DE JANEIRO, June 19 - </DATELINE><BODY>Brazil has bought 75,000 tonnes
+of French wheat at tender, a Brazilian Wheat Board spokesman
+said.
+    He said the Board accepted offers for 25,000 tonnes of
+wheat from grain firm J. Souffle at 80.49 dlrs per tonne Fob
+for August shipment.
+    For September shipment, the Board bought 25,000 tonnes from
+Graniere at 79.32 dlrs per tonne Fob, and for October shipment
+it accepted 25,000 tonnes from Andre and Companie at 79.47 dlrs
+per tonne Fob.
+    The next tender, for Aug/Sept/Oct shipment, was set for
+June 24, the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7159" NEWID="19323">
+<DATE>19-JUN-1987 13:58:53.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1891&#31;reute
+f f BC-MANUFACTURERS-N   06-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MANUFACTURERS NATIONAL, DETROIT, SAID IT WILL ADD 30.4
+MLN DLRS TO LOAN LOSS RESERVES
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7160" NEWID="19324">
+<DATE>19-JUN-1987 14:00:49.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1894&#31;reute
+r f BC-SAINSBURY-&lt;SBRY.L>-LO   06-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAINSBURY &lt;SBRY.L> LONG-TERM DEBT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the AA long-term debt of J. Sainsbury PLC.
+    S and P cited Sainsbury's offer for the shares of Shaws
+Supermarkets Inc's &lt;SHAW> it does not own. Sainsbury currently
+holds 28.5 pct of that company.
+    The acquisition will be financed by an equity issue, so the
+impact on Sainsbury's capital structure will not be
+significant, the agency said. The merger will provide an
+opportunity for expansion in an area with favorable economic
+trends, although it will lower trading margins by more than
+Sainsbury's historic levels, S and P pointed out.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7161" NEWID="19325">
+<DATE>19-JUN-1987 14:01:00.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1896&#31;reute
+u f BC-N.-AMERICAN-COMMUNICA   06-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N. AMERICAN COMMUNICATIONS &lt;NACS.O> WEIGHS SALE</TITLE>
+<DATELINE>    HECTOR, Minn., June 19 - </DATELINE><BODY>North American Communications Corp
+said it is considering several options to maximize shareholder
+value, including a possible sale, merger, corporate
+restructuring, or leveraged buyout.
+    Trading in the company's stock was halted pending an
+announcement.
+    The company, which owns and operates 47 cable television
+systems in Minnesota and Wisconsin, said it retained
+Communications Equity Associates as its financial adviser to
+explore alternatives.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7162" NEWID="19326">
+<DATE>19-JUN-1987 14:01:10.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1898&#31;reute
+u f BC-FEDERAL-CO-&lt;FFF>-PRED   06-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL CO &lt;FFF> PREDICTS RECORD 1987 EARNINGS</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Federal Co said its fiscal year ended
+May 30 will be a record year with net income almost double that
+of the previous fiscal year.
+    The company's chairman R. Lee Taylor told security analysts
+that Wall Street estimates of earnings per share in the range
+of 4.25-4.50 dlrs are in line with what the company expects.
+    The company said in fiscal 1986 it posted earnings of 2.24
+dlrs a share on sales of 1.2 billion dlrs. It said in the first
+nine months of this year it had earnings of 3.55 per share
+against 1.66 dlrs per share in the same 1986 period.
+    Federal Co said it also decided to change its name to Holly
+Farms Corp.
+    The company said this will identify it with its strongest
+selling brand.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7163" NEWID="19327">
+<DATE>19-JUN-1987 14:04:16.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1916&#31;reute
+f f BC-MURPHY-OIL-PROP   06-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MURPHY OIL SAID IT PROPOSING TO ACQUIRE REMAINING 23 PCT
+OF CANADIAN SUBSIDIARY
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7164" NEWID="19328">
+<DATE>19-JUN-1987 14:04:28.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1917&#31;reute
+f f BC-U.S.-MAY-BUDGET   06-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. MAY BUDGET DEFICIT 35.74 BILLION DLRS VS YEAR AGO
+DEFICIT 39.40 BILLION
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7165" NEWID="19329">
+<DATE>19-JUN-1987 14:05:31.27</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M F 
+&#22;&#22;&#1;f1918&#31;reute
+u f BC-alcan-aluminum-price   06-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN RAISES ALUMINUM PRICES TWO CENTS A LB</TITLE>
+<DATELINE>    NEW YORK, June 19  - </DATELINE><BODY>Alcan Aluminum Corp, a subsidiary of
+Alcan Aluminium Ltd, said it increased its U.S. primary
+aluminum prices by two cents a lb, effective yesterday.
+    The new prices are 72 cents a lb for ingot and 80 cents for
+extrusion billet, the company said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7166" NEWID="19330">
+<DATE>19-JUN-1987 14:06:04.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1919&#31;reute
+b f BC-SITHES-ENERGIES   06-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SITHE-ENERGIES L.P. TO INVEST 100 MLN DLRS IN ENERGY
+FACTORS, COMPANY SAYS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7167" NEWID="19331">
+<DATE>19-JUN-1987 14:06:17.76</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1920&#31;reute
+u f BC-PRIMERICA-&lt;PA>-COMPLE   06-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIMERICA &lt;PA> COMPLETES SMITH BARNEY TAKEOVER</TITLE>
+<DATELINE>    GREENWICH, CONN., June 19 - </DATELINE><BODY>Primerica Corp said it
+completed the previously announced acquisition of Smith Barney
+Inc for 750 mln dlrs in cash.
+    Primerica, wh ich changed its name in April from American
+Can Co, said Smith Barney, Harris Upham and Co Inc, wholly
+owned by Smith Barney Inc, will add more than 100 domestic and
+overseas branch offices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7168" NEWID="19332">
+<DATE>19-JUN-1987 14:07:01.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1921&#31;reute
+r f BC-BLOOMFIELD-SAVINGS-&lt;B   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BLOOMFIELD SAVINGS &lt;BFCO.O> SEES IMPROVED NET</TITLE>
+<DATELINE>    BLOOMFIELD TOWNSHIP, Mich., June 19 - </DATELINE><BODY>Bloomfield Savings
+and Loan Association F.A. said its receipt of 8.5 mln dlrs as
+partial settlement from a lawsuit will have a "substantial
+positive impact" on its earnings for 1987.
+    The thrift had net loss of 4,095,000 dlrs or 1.85 dlrs a
+share in 1986. The 8.5 mln dlrs will be reported during the
+second quarter, it said
+    Bloomfield Savings said it is continuing to seek to recover
+the remaining 5.5 mln dlrs of the total 14 mln dlr judgment
+against United Federal Savings and Loan Association of Durant,
+Okla., over a 1985 real estate loan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7169" NEWID="19333">
+<DATE>19-JUN-1987 14:07:45.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F 
+&#22;&#22;&#1;f1923&#31;reute
+d f BC-BROOKLYN-UNION-SAYS-A   06-19 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROOKLYN UNION SAYS A RATE HIKE WOULD BE MODEST</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Brooklyn Union Gas &lt;BU>, a New York gas
+utility company, said it will try to limit any rate hikes to
+customers by arranging alternative supplies to replace the spot
+natural gas that Transco Energy Co &lt;E> no longer delivers, a
+company official told Reuters.
+    Edward Sondey, vice president of supply, said that under a
+grandfather clause Brooklyn Union could request Transco to
+transmit 165 mln cubic feet (mcf) a day of spot natural gas
+after purchasing 250 mcf of contract gas from Transco.
+    Brooklyn Union has been taking only 30 pct, or 75 mcf, of
+the contract gas from Transco, and acquiring about 120 mcf on
+the spot, or non-contract, market, he said.
+    Lacking access to spot gas through Transco would not cost
+Brooklyn Union more than 50 cts per mln btu for now,
+Sondey said, as Transco contract gas costs 2.55 dlrs per mln
+compared to about two dlrs for spot gas.
+    "The rate increase will not be serious," Sondey said.
+    The contract price at 2.55 dlrs per mln BTU has been
+effective since May 1 after Transco lowered its commodity rate
+to reflect seasonal weakness, making it the lowest in the 12
+months ended May 31, according to report submitted by Brooklyn
+Union to New York Public Utility Commission.
+    In peak demand season, Transco's contract gas reached as
+high as 4.30 to 4.40 dlrs per mln btu, a commission official
+said.
+    Industry analysts expected little adverse effect from
+interrupted spot supplies on Brooklyn Union's earnings for its
+current fiscal year ending September 30.
+    But if the open access problem to Transco is not resolved
+this winter, high cost of contract gas could cut into the
+company's profit, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7170" NEWID="19334">
+<DATE>19-JUN-1987 14:10:58.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1928&#31;reute
+r f BC-KING-WORLD-&lt;KWP>-HAS   06-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KING WORLD &lt;KWP> HAS FINANCING FOR OFFER</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>King World Productions Inc said it will
+finance the repurchase of up to 7,600,000 of its shares
+announced earlier today through cash on hand and about 200 mln
+dlrs of bank borrowings, for which it has received commitments
+from First Chicago Corp &lt;FNB> and Bank of New York &lt;BK>.
+    The company today started a tender offer for up to
+4,100,000 shares at 28 dlrs each and agreed to buy up to
+3,485,085 more shares from members of the King family and
+management, who together own a total of 13.9 mln shares.  All
+the shares being repurchased amount to about 25 pct of King
+World's stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7171" NEWID="19335">
+<DATE>19-JUN-1987 14:11:38.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f1933&#31;reute
+d f BC-BEST-BUY-&lt;BBUY.O>-FIL   06-19 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEST BUY &lt;BBUY.O> FILES 30 MLN DLR DEBT OFFERING</TITLE>
+<DATELINE>    MINNEAPOLIS, June 19 - </DATELINE><BODY>Best Buy Co Inc said it filed a
+registration statement with the Securities and Exchange
+Commission for a proposed offering of 30 mln dlrs of
+subordinated extendable notes.
+    Underwriters are led by Piper, Jaffray and Hopwood Inc.
+Financing is expected to be completed within 30 days, the
+company said.
+    Proceeds will be used to fund the company's planned
+expansion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7172" NEWID="19336">
+<DATE>19-JUN-1987 14:13:31.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A 
+&#22;&#22;&#1;f1938&#31;reute
+b f BC-/CONT'L-ILLINOIS-WON'   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONT'L ILLINOIS WON'T COMMENT ON RESERVE RUMORS</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>A spokesman for Continental Illinois
+Corp said the bank will not comment on rumors that it will soon
+add to reserves to cover possible losses on loans to developing
+countries.
+    Rumors circulated on Wall Street today that Continental
+would soon join the long list of banks adding to reserves. Some
+analysts speculated that a decision would be announced after
+Continental's regularly scheduled board meeting, which will be
+held Monday. "Our board meets on the fourth Monday of every
+month, but their agenda is confidential," the spokesman said.
+He said "we will not comment on any rumors."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7173" NEWID="19337">
+<DATE>19-JUN-1987 14:14:48.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1939&#31;reute
+r f BC-MANUFACTURERS-NAT'L-&lt;   06-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURERS NAT'L &lt;MNTL.O> ADDS LOAN LOSSES</TITLE>
+<DATELINE>    DETROIT, June 19 - </DATELINE><BODY>Manufacturers National Corp said it will
+add 30.4 mln dlrs to its reserve to cover exposure for Latin
+American loans.
+    It said the added reserves are expected to result in a
+second-quarter loss of about 10 mln dlrs for the corporation.
+    Of the 30.4 mln dlr provision, 20 mln dlrs is in general
+loan loss reserves for the main bank of the holding company,
+Manufacturers National Bank of Detroit, and 10.4 mln dlrs is a
+writedown of the investment in two nonconsolidated affiliates.
+It said it still expects to be profitable for the year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7174" NEWID="19338">
+<DATE>19-JUN-1987 14:14:50.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1940&#31;reute
+s f BC-FEDERAL-SIGNAL-CORP-&lt;   06-19 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL SIGNAL CORP &lt;FSS> SETS REGULAR DIVIDEND</TITLE>
+<DATELINE>    OAK BROOK, Ill., June 19 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior
+    Pay September three
+    Record August 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7175" NEWID="19339">
+<DATE>19-JUN-1987 14:14:57.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1941&#31;reute
+s f BC-MAY-DEPARTMENT-STORES   06-19 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAY DEPARTMENT STORES CO &lt;MA> SETS REG DIV</TITLE>
+<DATELINE>    ST LOUIS, Mo., June 19 -
+    </DATELINE><BODY>Qtly div 28-1/2 cts vs 28-1/2 cts prior
+    Pay September 15
+    Record September one
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7176" NEWID="19340">
+<DATE>19-JUN-1987 14:16:14.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1944&#31;reute
+r f BC-ROCKWELL-&lt;ROK>-BUYS-S   06-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKWELL &lt;ROK> BUYS SOFTECH &lt;SOFT.O> PRODUCTS</TITLE>
+<DATELINE>    WALTHAM, Mass, June 19 - </DATELINE><BODY>Rockwell International purchased
+SofTech Inc's newest line of Ada-86 tools to use in building a
+digital autopilot for the anti-tank missle, Hellfire, SofTech
+said.
+    SofTech said the contract, which was awarded to Rockwell's
+Duluth Ga. division, will involve more than 10 man years of
+programming for each digital autopilot.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7177" NEWID="19341">
+<DATE>19-JUN-1987 14:18:17.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f1950&#31;reute
+u f BC-MURPHY-OIL-&lt;MUR>-TO-A   06-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MURPHY OIL &lt;MUR> TO ACQUIRE CANADIAN SUBSIDIARY</TITLE>
+<DATELINE>    EL DORADO, ARK., June 19 - </DATELINE><BODY>Murphy Oil Corp said its board
+proposed a reorganization in which it would acquire the 23 pct
+of common shares of its Canadian subsidiary not owned by the
+parent.
+    Under the proposal, which would be undertaken as a
+court-approved plan of arrangement, shareholders of Murphy Oil
+Co Ltd of Calgary, Alberta, Canada, would be offered the option
+to receive 31 dlrs (Canadian) a share cash or the equivalent
+market value of common shares of the parent company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7178" NEWID="19342">
+<DATE>19-JUN-1987 14:18:34.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1951&#31;reute
+u f BC-GYNEX-&lt;GYNXU.O>-IN-DE   06-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GYNEX &lt;GYNXU.O> IN DEAL WITH WARNER &lt;WLA></TITLE>
+<DATELINE>    DEERFIELD, ILL., June 19 - </DATELINE><BODY>Gynex Laboratories Inc said it
+signed an agreement under which Warner-Lambert Co's Chilcott
+Laboratories division will market Gynex's line of generic oral
+contraceptives.
+    Gynex Labs is a 50/50 joint venture owned by Gynex and
+Watson Laboratories Inc, a privately-held pharmaceutical
+company bnased on Corona, California.
+    Marketing by Warner Chilcott is currently scheduled to
+begin during the third quarter of 1987, it said.
+    Gynex signed a similar marketing agreement with Monsanto
+Co's &lt;MTC> G.D. Searle and Co subsidiary in February 1986,
+which was terminated last April following a recall of the oral
+contraceptives due to packaging problems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7179" NEWID="19343">
+<DATE>19-JUN-1987 14:20:56.97</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1954&#31;reute
+d f BC-RB   06-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR SELLS 10 PCT RB &lt;RBI> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>Jeffrey Neuman, of Santa Monica,
+Calif., told the Securities and Exchange Commission he sold his
+entire RB Industries Inc stake of 341,210 shares, or 10.0 pct,
+of the total outstanding.
+    Neuman, who transferred the stock nearly two years ago to
+the Tudor Trust, of which he is trustee, said the trust sold
+the entire stake in a private deal on June 9 at 11.00 dlrs a
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7180" NEWID="19344">
+<DATE>19-JUN-1987 14:21:02.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1955&#31;reute
+d f BC-FORTUNE-FIN'L-&lt;FORF.O   06-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORTUNE FIN'L &lt;FORF.O> UNIT MAKES ACQUISITION</TITLE>
+<DATELINE>    SUNRISE, FLA, June 19 - </DATELINE><BODY>Fortune Financial Group Inc said
+its Fortune Savings Bank acquired a Financial Security Savings
+and Loan Association branch in Sunrise, Fla.
+    Terms were not disclosed.
+    The new Fortune Savings Bank office had about 40 mln dlrs
+in deposits as of June 5.
+    Meanwhile, acquisition of Marine Savings and Loan
+Association of Florida, with four offices in Naples, Fla, is
+awaiting regulatory approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7181" NEWID="19345">
+<DATE>19-JUN-1987 14:21:57.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1958&#31;reute
+r f BC-COCA-COLA-ENTERPRISES   06-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA-COLA ENTERPRISES &lt;CCE> UNIT HEAD QUITS</TITLE>
+<DATELINE>    ATLANTA, June 19 - </DATELINE><BODY>Coca-Cola Enterprises Inc said Don
+Ulrich will be resigning as president of its Northeast Group to
+pursue other business interests.
+    The company said Jim Stevens, who is also a Coca-Cola
+Enterprises vice president and president of its Mid-Atlantic
+Coca-Cola Bottling Co affiliate, will succeed Ulrich.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7182" NEWID="19346">
+<DATE>19-JUN-1987 14:23:30.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1961&#31;reute
+r f BC-BALLY-&lt;BLY>-FILES-SHE   06-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY &lt;BLY> FILES SHELF FOR PREFERRED STOCK</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>Bally Manufacturing Corp said it filed a
+shelf registration with the Securities and Exchange Commission
+for a secondary public offering of two mln shares of Series D
+convertible exchangeable preferred stock.
+    The stock is exchangeable at Bally's option into the
+company's convertible debentures due February one 2007 and is
+convertible at the holder's option into shares of Bally common.
+The preferred stock carry a liquidation value of 50 dlrs a
+share.
+    All of the shares are being offered by holders of Bally who
+bought the preferred stock in a private placement in February
+1987. Bally will not receive any proceeds of the offering, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7183" NEWID="19347">
+<DATE>19-JUN-1987 14:23:54.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1964&#31;reute
+r f BC-MARS-GRAPHIC-&lt;WMD>-SE   06-19 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARS GRAPHIC &lt;WMD> SEES HIGHER 2ND QTR SALES</TITLE>
+<DATELINE>    WESTVILLE, N.J., June 19 - </DATELINE><BODY>Mars Graphic Services Inc said
+it expects sales for the second quarter ending August 31 to
+exceed year ago sales of 3.7 mln dlrs for the same period.
+    In the year-ago quarter the company earned 191,000 dlrs or
+18 cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7184" NEWID="19348">
+<DATE>19-JUN-1987 14:24:22.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1966&#31;reute
+b f BC-/U.S.-BUDGET-DEFICIT   06-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUDGET DEFICIT 35.74 BILLION DLRS IN MAY</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The U.S. budget was in deficit 35.74
+billion dlrs in May, compared with a deficit of 39.40 billion
+dlrs in May 1986, the Treasury Department said.
+    Last month's deficit followed an April surplus of 38.66
+billion dlrs. For the fiscal year to date, the budget was in
+deficit 119.02 billion dlrs compared with a deficit of 165.81
+billion dlrs in the previous fiscal year.
+    Outlays last month were 83.44 billion dlrs, down from 85.64
+billion dlrs in May a year ago and 84.24 billion dlrs in April,
+the department said.
+    Receipts were 47.69 billion dlrs in May, up from 46.25
+billion dlrs in May a year ago but down from 122.90 billion
+dlrs in April, the Treasury said.
+    The bulge in receipts in April which resulted in the
+surplus that month was the result of 1986 income tax payments
+by individuals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7185" NEWID="19349">
+<DATE>19-JUN-1987 14:27:09.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1975&#31;reute
+r f BC-DIGICON-OFFERS-NEW-DE   06-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGICON OFFERS NEW DEBT FOR OUTSTANDING DEBT</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Digicon Inc said it is offering to
+exchange about 55 mln dlrs of outstanding subordinated
+debentures for a package of new issues.
+    The outstanding debenture issues include 12-7/8 pct senior
+subordinated notes, 10-1/2 pct convertible subordinated
+debentures and 8-1/2 pct convertible subordinated debentures of
+the unit Digicon Finance NV.
+    The new securities to be issued in the exchange offer will
+be about 8.5 mln dlrs of 12 pct senior subordinated notes due
+1994, 23.5 mln dlrs of 9.35 pct convertible subordinated
+debentures due 1997 and 16.5 mln shares of common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7186" NEWID="19350">
+<DATE>19-JUN-1987 14:31:10.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1982&#31;reute
+u f BC-TRANSAMERICAN-&lt;TA>-GE   06-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICAN &lt;TA> GETS APPROVAL ON CHAPTER 11</TITLE>
+<DATELINE>    HOUSTON, June 19 - </DATELINE><BODY>TransAmerican Natural Gas said it
+received approval from a U.S. District Court in Texas allowing
+the company to solicit creditor acceptance of its negotiated
+Chapter 11 plan of reorganization.
+    The company said the approval authorized the company to
+distribute the disclosure statement to its creditors and
+solicit creditors' acceptance of the plan.
+    TransAmerican said the confirmation hearing is scheduled
+for August 17 in U.S. Southern District of Texas court.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7187" NEWID="19351">
+<DATE>19-JUN-1987 14:31:49.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1984&#31;reute
+u f BC-AMERICAN-PHYSICIANS   06-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP HAS 5.1 PCT OF AMERICAN PHYSICIANS&lt;AMPH.O></TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>A group led by Far Hills, N.J.,
+investors Natalie and Paul Koether told the Securities and
+Exchange Commission it has acquired 299,523 shares of American
+Physicians Service Group Inc, or 5.1 pct of the total.
+    The Koether group said it bought the stock for 1.0 mln dlrs
+for "capital appreciation" and may buy more.
+    The group also said Paul Koether met on June 8 with
+management representatives for talks that included the
+company's business, potential acquisitions for the company,
+possible opportunities to expand the company and the
+possibility of Koether being named to its board.
+    The group did not say whether the talks resulted in any
+agreements.
+    As they have done in several SEC filings concerning other
+companies in which they have had a stake, the Koethers said
+they reserve the right "to take any actions which they deem
+appropriate to maximize the value of the shares," but said they
+have no current plans about taking any action.
+    While they may buy more American Physicians shares, the
+Koethers also said they may decide to sell some or all of the
+their stake in the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7188" NEWID="19352">
+<DATE>19-JUN-1987 14:33:29.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1993&#31;reute
+b f BC-BARCO-DIRECTORS   06-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BARCO DIRECTORS APPROVE BUYOUT OFFER FROM SENIOR
+MANAGEMENT
+ 
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7189" NEWID="19353">
+<DATE>19-JUN-1987 14:34:02.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f1997&#31;reute
+r f BC-LLOYDS-BOND-MARKET-WI   06-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLOYDS BANK BOND MARKET WITHDRAWAL CALLED PRUDENT</TITLE>
+<AUTHOR>    By Marguerite Nugent, Reuters</AUTHOR>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Lloyds Bank Plc's &lt;LLOY.L> decision to
+withdraw from making markets in Eurobonds and U.K. Government
+bonds (gilts) sent shivers down the spines of other market
+participants but was viewed as prudent by banking analysts.
+    "It (the move) really isn't a surprise. They lost a lot of
+money in the early stages of the gilt market and now they want
+to cut their losses while they can," said Keith Brown, banking
+analyst at Greenwell Montagu.
+    "The question now is how many other gilt market makers will
+face a similar fate," one senior gilt market maker said.
+    Eurobond market participants were equally stunned. "They are
+the first firm of that size I can remember to have pulled out
+of eurobond market making altogether," said a member of the
+Association of International Bond Dealers London staff.
+    Other Eurobond market participants said that while Lloyds
+had frequently changed the staff of some of its eurobond
+operations, it was hard to believe they were in trouble.
+    With this action Lloyds, the third largest U.K. clearing
+bank, becomes the first U.K. clearing bank to withdraw from the
+gilt market following the Big Bang deregulation of the London
+Stock Exchange in October.
+    Earlier this year Midland Bank Plc &lt;MDBL.L>, the fourth
+largest clearing bank, opted out of making markets in equities
+on the grounds that the return did not justify the expense. It
+continues as a market maker in gilts, however. In a prepared
+statement, Lloyds Bank chief executive Brian Pitman said the
+bank had a "relatively small position in these two overcrowded
+markets and we have decided to reallocate the resources to
+opportunities which promise a better return on our shareholders
+investment."
+    Lloyds said it would maintain its presence in short-term
+securities trading, swaps and other treasury products.
+    Alan Moore, Lloyds Treasurer, told Reuters that the
+decision was forward looking and followed a "strategic review" of
+the prospects for Lloyds in these markets. "We decided the
+return just was not attractive," he said.
+    Although the decision was made at a meeting of Lloyds board
+this morning, Moore said that it had been under consideration
+for some time.
+    He denied that the move was a "reaction to events in the
+trading room" although he acknowledged that the bank's gilt
+operations were not profitable in the early stages of the new
+market.
+    Greenwell's Brown noted that for all of 1986, Lloyds
+Merchant Bank sustained a loss of 28 mln stg, most of which he
+said were accounted for by the Eurobond and gilt operations.
+For all of 1986, Lloyds reported a pre-tax profit of 700 mln
+stg. "Lloyds is so big, it can easily absorb these losses," Brown
+said, noting that they are minuscule when compared with the
+bank's exposure to Latin America.
+    U.K. Clearing banks have come under pressure to increase
+their provisions against bad loans to third world countries
+since Citibank announced plans to add three billion dlrs to its
+provisions in mid-May.
+    National Westminster Bank Plc &lt;NWBL.L>, the largest of the
+clearers, became the first of the U.K. Clearers to follow
+Citicorp's &lt;CCI> move earlier this week when it said it was
+adding some 466 mln stg to its sovereign debt provisions.
+    Lloyds has the second largest exposure to Latin America
+after Midland Bank, the smallest of the four clearers.
+    Lloyds has said it is reviewing the situation and Moore
+denied that today's action had any connection. "It is totally
+unrelated," he said.
+    Trading in Eurobonds and gilts had ended by the time the
+announcement was made. But market participants were
+dumbfounded.
+    "We only heard the news about 20 minutes before the
+announcement. I had no idea it was coming. I don't know if I
+still have job," said one trader at Lloyds who declined to be
+identified. Lloyds' Moore said that the bank would do all it
+could to redeploy the staff affected by the decision in other
+parts of the bank. But even though Lloyds' share of these
+markets was relatively small, other market participants,
+particularly in gilts, were unnerved.
+    One senior gilt market maker noted that the news comes
+during a period when both gilt and Eurosterling markets have
+been battered by the lack of investor participation, following
+the June 11 U.K. general election.
+    Most firms had held long positions on expectations that a
+return of the ruling Conservative party would prompt heavy
+demand. These expectations have failed to be met and both
+markets have sustained sizeable losses since the election.
+    Lloyds has long been the subject of rumors that it was
+experiencing problems with its gilt operations and officials
+have never denied that the early stages were unprofitable.
+    Gilt market sources suggested that one of the problems
+facing Lloyds on the gilt side was its decision to build up its
+own team. It was the only clearer which did not purchase a
+broker or a jobber (middle man) in the run-up to Big Bang.
+    Under the old system, these functions have been conducted
+separately but now market makers perform both tasks.
+    But even long before Big Bang, market makers had expressed
+doubts that the gilt market would be large enough to sustain 27
+market makers, even if turnover increased substantially.
+    And with Lloyds withdrawal, many market makers believe that
+some of the remaining 26 may opt to bow out gracefully.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7190" NEWID="19354">
+<DATE>19-JUN-1987 14:39:40.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2010&#31;reute
+f f BC-REED'S-CHAIRMAN-DENIE   06-19 0006</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REED'S CHAIRMAN DENIES BID RUMORS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7191" NEWID="19355">
+<DATE>19-JUN-1987 14:40:38.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2012&#31;reute
+r f AM-INSIDER   06-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC SUPPORTS INSIDER TRADING DEFINITION</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The Securities and Exchange
+Commission said it supported legislation to define insider
+trading and would recommend language for such a definition
+within six weeks.
+    Acting SEC chairman Charles Cox told the Senate Banking
+Committee a bill proposed this week to define insider trading
+as the wrongful use of material nonpublic information was good
+but contained some ambiguous provisions which might reduce the
+Commission's flexibility in prosecuting cases.
+    "The Commission believes a definition of insider trading is
+desirable," Cox said.
+   
+    He promised to provide the SEC's recommended definition to
+the committee by August 3.
+    The bill proposed by Sens. Donald Riegle, a Michigan
+Democrat, and Alfonse D'Amato, a New York Republican, would
+make it illegal for anyone to receive or pass on inside
+information even if the person providing the information did
+not use it to make a securities transaction.
+    Federal law enforcement officials have said a definition of
+insider trading would be useful because it is a difficult crime
+to prove.
+   
+    Cox said the SEC was having success in its insider trading
+cases despite the lack of a clear definition.
+    He became acting chairman of the agency when chairman John
+Shad left to become U.S. Ambassador to the Netherlands.
+    President Reagan nominated Northwestern University law
+professor David Ruder as SEC chairman on Wednesday, but he may
+not be confirmed by the Senate for several weeks.
+   
+    Riegle, the chairman of the Senate securities subcommittee,
+said he wanted to act on the legislation this year, but Thomas
+Moore, a member of the President's Council of Economic
+Advisors, said action should be delayed until the Supreme Court
+ruled on the appearl of an insider trading conviction by former
+Wall Street Journal reporter R. Foster Winans.
+    Winans was convicted for telling a friend in advance what
+stocks he was going to write about in his column. The stocks
+usually went up or down in price depending on Winans'
+recommendation.
+   
+    "We believe it would be better to wait until the Supreme
+Court has reviewed the Winans case before any leigilation is
+considered. After the court decides this case we can better
+consider how the law might be changed. Until that time,
+legislation is premature," Moore said in his testimony.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7192" NEWID="19356">
+<DATE>19-JUN-1987 14:41:59.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2019&#31;reute
+f f BC-IRWIN-JACOBS-SA   06-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IRWIN JACOBS SAYS HE HOLDS LESS THAN FIVE PCT OF GILLETTE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7193" NEWID="19357">
+<DATE>19-JUN-1987 14:43:34.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2023&#31;reute
+r f BC-COSTCO-WHOLESALE-&lt;COS   06-19 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COSTCO WHOLESALE &lt;COST.O> 3RD QTR MAY 11 NET</TITLE>
+<DATELINE>    SEATTLE, June 19 -
+    </DATELINE><BODY>Oper shr two cts vs three cts
+    Oper net 529,000 vs 579,000
+    Sales 322.0 mln vs 173.8 mln
+    Nine mths
+    Oper shr six cts vs eight cts
+    Oper net 1,619,000 vs 1,700,000
+    Sales 875.1 mln vs 482.3 mln
+   
+    Note: oper data does not include extraordinary gains from
+tax loss carryforwards of 291,000 dlrs, or one ct per shr, vs
+316,000 dlrs, or one ct per shr in qtr and 890,000 dlrs, or
+four cts per shr vs 992,000 dlrs, or four cts per shr in nine
+mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7194" NEWID="19358">
+<DATE>19-JUN-1987 14:44:27.78</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f2025&#31;reute
+f f BC-ICCO-buffer-sto   06-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ICCO buffer stock manager to buy 5,000
+tonnes cocoa Monday, June 22 - official
+
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7195" NEWID="19359">
+<DATE>19-JUN-1987 14:46:00.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2029&#31;reute
+u f BC-SITHE-TO-RAISE-ENERGY   06-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SITHE TO RAISE ENERGY FACTORS &lt;EFAC> STAKE</TITLE>
+<DATELINE>    SAN DIEGO, June 19 - </DATELINE><BODY>Sithe-Energies LP said it has signed
+an agreement under which it will increase its interest in
+Energy Factors Inc to 70.0 pct from 53.4 pct now by investing
+100 mln dlrs in Energy Factors stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7196" NEWID="19360">
+<DATE>19-JUN-1987 14:47:56.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2038&#31;reute
+u f BC-BARCO-&lt;BRC>-BOARD-APP   06-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARCO &lt;BRC> BOARD APPROVES LEVERAGED BUYOUT</TITLE>
+<DATELINE>    GARDENA, Calif., June 19 - </DATELINE><BODY>Bacro of California said its
+board approved an offer from its chairman Kenneth Donner and
+President Michael Donner to purchase all the outstanding Barco
+common shares at 5.05 dlrs per share in a leveraged
+transaction.
+    The Donners currently own about 44 pct of the company's
+outstanding shares, Barco said.
+    It also said vice chairman David Grutman and family
+members, who own about 28 pct of Barco's shares, have agreed to
+sell their stock for the offering price.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7197" NEWID="19361">
+<DATE>19-JUN-1987 14:48:50.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2042&#31;reute
+r f BC-BRAINTREE-SAVINGS-&lt;BT   06-19 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAINTREE SAVINGS &lt;BTSB.O> NAMES NEW CEO</TITLE>
+<DATELINE>    BRAINTREE, Mass., June 19 - </DATELINE><BODY>Braintree Savings Bank said
+Winthrop Sargent IV has been named president and chief
+executive officer, succeeding Lindsay L. Tait, who remains
+chairman.
+    It said Sargent, who was senior vice president, has also
+been named to the board.  It said Tait intends to retire in
+about four years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7198" NEWID="19362">
+<DATE>19-JUN-1987 14:49:09.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2044&#31;reute
+r f BC-stelco   06-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STELCO &lt;STEA.TO> IN VENTURE WITH ARMCO &lt;AS></TITLE>
+<DATELINE>    TORONTO, June 19 - </DATELINE><BODY>Stelco Inc said it formed a 15 mln U.S.
+dlr joint venture with Northern Automatic Electric Foundry, a
+wholly owned unit of Armco Inc, to produce cast grinding media
+and mill lines for the mining industry worldwide.
+    The venture will operate M E International, a new company
+based in Minneapolis, Minn., pooling the assets of a Northern
+Automatic grinding media foundry in Ishpeming, Mich., Evans
+Duluth Steel Castings Co in Duluth, Minn., and Minneapolis
+Electric Steel Castings Co in Minneapolis.
+    Armco and Stelco operate another joint venture which
+produces forged grinding media at Kamloops, British Columbia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7199" NEWID="19363">
+<DATE>19-JUN-1987 14:50:07.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2045&#31;reute
+d f BC-GEMCRAFT-&lt;GEMH.O>-TO   06-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEMCRAFT &lt;GEMH.O> TO BUY ABOUT 130,000 SHARES</TITLE>
+<DATELINE>    HOUSTON, June 19 - </DATELINE><BODY>Gemcraft Inc told shareholders at the
+annual meeting that the company and its principal shareholders
+will repurchase about 130,000 shares of its common stock.
+    The company's portion of the repurchase obligation equals
+about 800,000 dlrs, which the company said it plans to record
+as a capital transaction in 1987.
+    Originally, Gemcraft said it estimated that it could be
+required to buy as many as 300,000 shares for about 3.0 mln
+dlrs.
+    Gemcraft originally estimated its portion of trading losses
+could total as much as 600,000 dlrs and recorded a charge to
+earnings in that amount in the 1986 fourth quarter.
+    The company said it plans to provide an after-tax credit to
+income of about 200,000 dlrs in the second quarter of 1987 to
+reflect this difference.
+    Gemcraft also told shareholders it sees a profitable 1987
+second quarter. In the year-ago period, it reported earnings of
+908,000 dlrs, or 6 cts a share on sales of 88.8 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7200" NEWID="19364">
+<DATE>19-JUN-1987 14:50:19.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2046&#31;reute
+b f BC-/IRWIN-JACOBS-HAS-GIL   06-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRWIN JACOBS HAS GILLETTE &lt;GS> STAKE</TITLE>
+<DATELINE>    New York, June 19 - </DATELINE><BODY>Investor Irwin Jacobs said he has an
+investment in Gillette Co amounting to less than five pct of
+the consumer products company's stock.
+    Jacobs, who made his comment in response to an enquiry, did
+not comment further.
+    Yesterday, Gillette rebuffed a takeover proposal from
+Revlon Inc. Under an agreement between the two companies,
+Revlon must have the permission of Gillette's board before
+making an offer to shareholders. The board declined to grant
+that permission.
+   
+    Gillette has been the topic of takeover speculation for
+several weeks. Its stock has traded heavily, and arbitragers
+said they believe Jacobs may not be the only investor who has a
+sizeable position in the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7201" NEWID="19365">
+<DATE>19-JUN-1987 14:50:57.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2049&#31;reute
+d f BC-RAPITECH-SYSTEMS-INC   06-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAPITECH SYSTEMS INC &lt;RPSY.O> 3RD QTR LOSS</TITLE>
+<DATELINE>    SUFFERN, N.Y., June 19 - </DATELINE><BODY>April 30 end
+    Shr losses not given
+    Net loss 449,000 vs loss 155,000
+    Revs 84,000 vs 52,000
+    Nine mths
+    Shr losses not given
+    Net loss 810,000 vs loss 394,000
+    Revs 173,000 vs 144,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7202" NEWID="19366">
+<DATE>19-JUN-1987 14:52:00.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2052&#31;reute
+d f BC-RAPITECH-&lt;RPSY.O>-IN   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAPITECH &lt;RPSY.O> IN HEWLETT PACKARD &lt;HWP> DEAL</TITLE>
+<DATELINE>    SUFFERN, N.Y., June 19 - </DATELINE><BODY>Rapitech Systems Inc said it has
+entered into an agreement under which its FORTRIX-C software is
+available to Hewlett-Packard Co's salesforce for assisting
+customers the migration of applications software from one
+operating environment to another.
+    The company also said FORTRIX-C has been selected by
+American Telephone and Telegraph Co &lt;T> for use in its Vendor
+Involvement Program.  It said it cannot forecast the impact on
+its profits because neither agreement contains purchase
+requirements.
+    It said it expects continued losses through the rest of
+fiscal 1987 ending July 31.
+    The company lost 548,000 dlrs last year. Today it reported
+a nine month loss of 810,000 dlrs compared with a 394,000 dlr
+loss a year earlier and attributed the poorer performance to
+substantially increased marketing, sales and research
+expenditures partly resulting from the hiring of additional
+staff.
+    Rapitech further said it has signed agreements for Computer
+Systems and Consultants BV of the Netherlands and Sages Group
+of France to represent the Rapitech Conversionware product line
+in the Benelux countries, in France and in French-speaking
+cantons of Switzerland.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7203" NEWID="19367">
+<DATE>19-JUN-1987 14:52:57.59</DATE>
+<TOPICS><D>tin</D><D>veg-oil</D><D>palm-oil</D><D>alum</D></TOPICS>
+<PLACES><D>belgium</D><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G M T 
+&#22;&#22;&#1;f2054&#31;reute
+d f BC-/MALAYSIA-TO-RESEARCH   06-19 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA TO RESEARCH TIN, WARY ON VEG OILS TAX</TITLE>
+<AUTHOR>    By Gerrard Raven, Reuters</AUTHOR>
+<DATELINE>    BRUSSELS, June 19 - </DATELINE><BODY>Malaysia is to urge fellow tin
+producing countries to contribute more money towards research
+into new uses for the metal, Malaysian primary industries
+minister Lim Keng Yaik told Reuters in an interview.
+    Lim, in Brussels on a tour of Europe and America, said he
+had instructed Malaysia's representatives on the executive
+committee of the Association of Tin Producing Countries, ATPC,
+to draw up a paper on the matter.
+    Lim earlier met European Community farm commissioner Frans
+Andriessen and industry commissioner Karl-Heinz Narjes.
+    He said though it now appeared likely Commission proposals
+for a tax on vegetable and marine oils and fats would be
+defeated, he feared the Commission would revive the idea.
+    Lim noted Andriessen this week promised that if the tax was
+adopted and third countries suffered export losses as a result,
+they would be compensated through access to the EC for
+alternative exports.
+    "Since most of our products are commodity based, I cannot
+see how this would work out in our case," Lim said.
+    Malaysian palm oil exports to the EC are worth about 250
+mln dlrs a year.
+    The tin research proposal would be presented at an ATPC
+meeting to be held in Kuala Lumpur in September.
+    "Not enough research and development effort has been put in
+by tin producers and we have been pushed out by substitutes
+such as aluminium, paper and plastics," Lim said.
+    He mentioned the use of inorganic tin in pesticides as an
+exciting possible new application.
+    Lim said he could not estimate the amount of extra money
+which needed to be spent on research into new uses before the
+new paper was produced.
+    He said Narjes told him there appeared no fundamental
+barriers to EC states quickly ratifying the new International
+Rubber Agreement, INRA, although translations of the accord
+into some EC languages are still being awaited.
+    Lim, who will sign and ratify the agreement on Malaysia's
+behalf when he visits New York during his current tour, said it
+was important there should not be a long "interregnum" between
+the old agreement lapsing in October and the new one coming
+into force.
+    He described the present accord as a model for commodity
+agreements due to its being signed by nearly all producing and
+consuming countries and by virtue of its review systems and
+control over buffer stock management.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7204" NEWID="19368">
+<DATE>19-JUN-1987 14:54:11.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2057&#31;reute
+u f BC-VR-&lt;VRBB.O>-CLOSES-ST   06-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VR &lt;VRBB.O> CLOSES STOCK SALE TO VR ACQUISITION</TITLE>
+<DATELINE>    BOSTON, Mass., June 19 - </DATELINE><BODY>VR Business Brokers Inc said it
+closed the sale of a controlling interest in its comon and
+preferred stock to VR Acquisition Corp, a Delaware corporation
+controlled by an investment group led by C. Robin Relph of
+London.
+    Under the agreement dated April 28, VR Business agreed to
+sell 5,008,120 shares of common stock and 11,846 shares of 10
+pct cumulative stock.
+    VR Business said it issued 3,964,000 shares of common stock
+and 11,846 shares of preferred stock, with the remaining shares
+of common to be listed within the next week to 10 days.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7205" NEWID="19369">
+<DATE>19-JUN-1987 14:55:32.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2061&#31;reute
+d f BC-MICROWAVE-LABORATORIE   06-19 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROWAVE LABORATORIES INC &lt;MWAV.O> 4TH QTR NET</TITLE>
+<DATELINE>    RALEIGH, N.C., June 19 - </DATELINE><BODY>April 30 end
+    Shr 12 cts vs eight cts
+    Net 316,655 vs 148,567
+    Sales 2,011,195 vs 1,422,719
+    Avg shrs 2,738,864 vs 1,881,296
+    Year
+    Shr 43 cts vs 49 cts
+    Net 1,006,356 vs 918,290
+    Sales 7,059,446 vs 5,441,408
+    Avg shrs 2,329,329 vs 1,881,296
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7206" NEWID="19370">
+<DATE>19-JUN-1987 14:56:07.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2063&#31;reute
+h f BC-FREEPORT-MCMORAN-OIL   06-19 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEPORT-MCMORAN OIL AND GAS&lt;FMR> DISTRIBUTION</TITLE>
+<DATELINE>    HOUSTON, June 19 -
+    </DATELINE><BODY>Monthly div 11.244 cts vs 10.309 cts prior
+    Pay July 10
+    Record June 30
+    NOTE: Full name is Freeport-McMoRan Oil and Gas Royalty
+Trust
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7207" NEWID="19371">
+<DATE>19-JUN-1987 14:57:21.53</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>usa</D><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2066&#31;reute
+d f BC-WORLD-BANK-LOANS-UGAN   06-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LOANS UGANDA 13 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The World Bank said it has loaned
+Uganda 13 mln dlrs through the International Development
+Association (IDA), the bank's concessionary lending affiliate.
+    The IDA loan will support a project that hopes to preserve
+the country's natural forests and meet its demand for wood
+products by rehabilitating Uganda's forestry management agency,
+the bank said.
+    It also said the project plans to increase the area and
+management of protected forests, establish pilot wood farms and
+nurseries, and rehabilitate soft wood plantations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7208" NEWID="19372">
+<DATE>19-JUN-1987 14:57:41.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2068&#31;reute
+d f BC-LIPOSOME-&lt;LIPO.O>-FOR   06-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIPOSOME &lt;LIPO.O> FORMS CANADIAN SUBSIDIARY</TITLE>
+<DATELINE>    PRINCETON, N.J., June 19 - </DATELINE><BODY>Liposome Co Inc at its annual
+meeting announced the formation of a Canadian subsidiary,
+Canadian Liposome Co Ltd.
+    It said the company cements a relationship with University
+of British Columbia researcher Pieter Cullis and his scientific
+group who are developing anti-cancer products for Liposome.
+    The company also said lead bankers completed Liposome's
+stock offering of one mln shares on June 11 at 6.875 dlrs a
+share. Liposome said it netted 7,388,750 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7209" NEWID="19373">
+<DATE>19-JUN-1987 15:01:02.87</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>china</D><D>usa</D><D>mexico</D><D>thailand</D><D>dominican-republic</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f2085&#31;reute
+u f BC-FAIRLY-HECTIC-WEEK-IN   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAIRLY HECTIC WEEK IN RAW SUGAR, WOODHOUSE SAYS</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>It has been a fairly hectic trading week
+in raw sugar with China paying market levels for nearby
+shipments, London trader, Woodhouse, Drake and Carey, said in
+its weekly report.
+    July shipment Thai raws traded to China early in the week
+at fob levels equivalent to 20/25 points discount to July New
+York futures, it said. Mid-week saw these same sales covered by
+the trade at 10/15 points discount.
+    Enquiries for July/Sep 15 raw sugars then filtered in and
+here again, traded values rose quickly from 13 points premium
+to New York July up to 18, Woodhouse said.
+    In the Western Hemisphere, both Dominican Republic and
+Mexican nearby raws were bid 15 points discount to July New
+York and offered five points under, but in limited trading, it
+said.
+    All the action of the past week has been in the Far East
+raws market whereas the whites market saw little fresh prospect
+of nearby offtake, Whitehouse added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7210" NEWID="19374">
+<DATE>19-JUN-1987 15:01:35.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2089&#31;reute
+h f BC-PASSPORT-TRAVEL-INC-&lt;   06-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PASSPORT TRAVEL INC &lt;PPTI.O> 2ND QTR MAY 31 NET</TITLE>
+<DATELINE>    OVERLAND PARK, Kan., June 19 -
+    </DATELINE><BODY>Shr profit six cts vs loss one ct
+    Net profit 80,939 vs loss 12,808
+    Rev 7.0 mln vs 6.3 mln
+    Six months
+    Shr profit eight cts vs loss one ct
+    Net profit 101,345 vs loss 10,460
+    Rev 13.2 mln vs 12.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7211" NEWID="19375">
+<DATE>19-JUN-1987 15:01:58.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2091&#31;reute
+d f BC-SAVOY-INDUSTRIES-INC   06-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAVOY INDUSTRIES INC &lt;SAVO.O> 1ST QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, Juen 19 -
+    </DATELINE><BODY>Oper shr loss 32 cts vs loss 17 cts
+    Oper net loss 2,999,000 vs loss 1,692,000
+    Sales 10.3 mln vs 11.5 mln
+    Avg shrs 9,517,000 vs 9,905,000
+    NOTE: 1986 Operating loss excludes profit of 3,688,000
+dlrs, or 37 cts a share, from discontinued operations
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7212" NEWID="19376">
+<DATE>19-JUN-1987 15:07:14.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2111&#31;reute
+s f BC-ENTEX-ENERGY-DEVELOPM   06-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTEX ENERGY DEVELOPMENT LTD &lt;EED> QTLY DIV</TITLE>
+<DATELINE>    HOUSTON, June 19 -
+    </DATELINE><BODY>Qtly div 15 cts vs 15 cts prior
+    Payable August 31
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7213" NEWID="19377">
+<DATE>19-JUN-1987 15:08:14.55</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>taiwan</D><D>south-korea</D><D>mexico</D><D>venezuela</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2113&#31;reute
+d f AM-TRADE-LATAM   06-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATIN, CARIBBEAN NATIONS OPPOSE TRADE BILLS</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>A group of Latin American and
+Caribbean nations formally opposed trade legislation pending in
+Congress, saying it would curb their exports, slow development
+and hinder its ability to repay foreign debt.
+    Mario Rodriguez Montero, president of an Organization of
+American States special committee on trade, said he was aware
+of the large U.S. trade deficit, but added "the region should
+not be the one affected by the trade bills."
+    He said the causes of the deficit were the strong dollar
+and the budget deficit, and "it is regrettable to solve it by a
+trade bill that would only serve private U.S. interests."
+    Rodriguez made the comment at a news conference after two
+days of meetings with U.S. officials on trade bills now in
+Congress that are designed to reduce the U.S. trade deficit,
+which last year hit a record 166.3 billion dlrs.
+    Congressional observers say the bills are aimed mainly at
+Japan, Taiwan, South Korea and a few other nations with large,
+annual trade surpluses with the United States.
+    Mexico, Brazil and Venezuela are the only Latin nations
+with large trade surpluses last year with the United States,
+but even Mexico, with the largest, had a surplus of only 5.2
+billion dlrs, against Japan's of 58.6 billion dlrs.
+    The European Community has also opposed the bills.
+    Rodriguez said the Latin and Caribbean nations backed the
+Reagan Administration's opposition to many of the sections in
+the legislation, including those to curb imports and to require
+retaliation for foreign unfair trade practices.
+    He told reporters the committee would likely mount a
+campaign to fight the legislation when it comes up for debate
+on the Senate floor, expected next week.
+    Rodriguez said "the region needs trade to continue
+development.  We hope this need will not be affected negatively
+by trade legislation."
+    Rodriguez said: "we need to keep the market opens -
+especially the U.S. market - to obtain the necessary foreign
+exchange not only to service the debt but also to continue
+national development progress."
+    President Reagan has said he would veto any legislation he
+termed "protectionist," and his aides now are mounting a effort
+to water down some of the objectionable provisions in the
+legislation.
+    Asked whether Reagan was ready to cast a veto, Rodriguez
+said as yet "the administration is not in a veto frame of mind."
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7214" NEWID="19378">
+<DATE>19-JUN-1987 15:13:11.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2126&#31;reute
+u f BC-REED-DENIES-BID-APPRO   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REED INTL DENIES BID APPROACH</TITLE>
+<DATELINE>    LONDON, June 19 - </DATELINE><BODY>Reed International Plc &lt;REED.L> denied
+rumours on the U.K. Stock market that it was the target of a
+takeover bid and said it had received no approach.
+    "In view of the increase in our share price today, I want to
+make clear that we have not received any bid approaches," Reed's
+chairman Leslie Carpenter said in a statement.
+    Rumours that U.S. Publisher Harcourt Brace Jovanovich Inc
+&lt;HBJ> might bid for Reed, a paper and printing company, pushed
+Reed shares up 54p at 600p at one stage today before they eased
+back to 564p at the close against a background of a widespread
+decline in U.K. Equity prices.
+    Share market analysts said speculators were buying the
+stock on belief that Harcourt would bid for Reed in an effort
+to escape the unwelcome two billion dlr bid from Robert
+Maxwell's British Printing and Communication Corp &lt;BPCL.L>.
+    Such a move would have made Harcourt too big for BPCC to
+take it over, analysts added.
+    They also said there was some speculation that if BPCC's
+bid for Harcourt was unsuccessful, it could turn its attention
+to Reed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7215" NEWID="19379">
+<DATE>19-JUN-1987 15:14:38.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2128&#31;reute
+d f BC-APPLIED-DATA-&lt;ADCC.O>   06-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLIED DATA &lt;ADCC.O> TO BUY DATELINE</TITLE>
+<DATELINE>    TUSTIN, Calif., June 19 - </DATELINE><BODY>Applied Data Communications said
+it agreed to acquire privately-held Dateline Technology Inc of
+Redmond, Wash., for an undisclosed amount of cash and stock.
+    Dateline Technology designs and sells high-capacity,
+high-speed computer peripheral subsystems, primarily for data
+storage, Applied Data said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7216" NEWID="19380">
+<DATE>19-JUN-1987 15:17:15.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2134&#31;reute
+u f BC-GULF-AND-WESTERN-&lt;GW>   06-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF AND WESTERN &lt;GW> UPS INTEREST IN NETWORK</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>USA Network, today said it has acquired
+Time Inc's &lt;TL> one-third interest in the network.
+    The network, formerly a joint venture between Time, Gulf
+and Western Inc and MCA Inc &lt;MCA>, said that Gulf and Western
+and MCA, who each previously held a one-third interest, now
+will jointly own USA Network on a 50/50 basis.
+    Terms were not disclosed, USA Network said.
+    USA Network is an advertiser-supported, entertainment basic
+cable network, reaching 39 mln homes on 8,500 cable systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7217" NEWID="19381">
+<DATE>19-JUN-1987 15:20:04.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2145&#31;reute
+u f BC-TEKTRONIX-&lt;TEK>-BEGIN   06-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEKTRONIX &lt;TEK> BEGINS DUTCH AUCTION TENDER</TITLE>
+<DATELINE>    BEAVERTON, Ore., June 19 - </DATELINE><BODY>Tektronix Inc said it began its
+previously announced Dutch Auction cash tender offer for up to
+10 mln of its own common shares.
+    Under the terms of the offer the company will select a
+single cash purchase price for the stock, based on the number
+of shares tendered, not to exceed 40 dlrs per share or be lower
+than 35 dlrs per share, Tektronix said.
+    The company also said it does not intend to spend more than
+380 mln dlrs for the shares tendered.
+    It further stated that the tender offer expires on July
+eight, unless extended.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7218" NEWID="19382">
+<DATE>19-JUN-1987 15:23:24.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2153&#31;reute
+r f BC-COASTAL-&lt;CGP>-EXTENDS   06-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL &lt;CGP> EXTENDS OFFERING OF DRILLING UNITS</TITLE>
+<DATELINE>    HOUSTON, June 19 - </DATELINE><BODY>Coastal Corp's Coastal Limited Ventures
+Inc subsidiary said its offering of 14,000 limited partnership
+units in the Coastal 1987 Drilling Program Ltd has been
+extended to July two or until all the units are solf if that
+occurs earlier.
+    It said about eight mln dlrs in 1,000 dlr units had been
+sold as of yesterday. The partnership plans to raise 14 mln
+dlrs from the sale of the units and will borrow four mln dlrs,
+Coastal said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7219" NEWID="19383">
+<DATE>19-JUN-1987 15:25:09.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2154&#31;reute
+r f BC-KAY-&lt;KAY>-TO-ACQUIRE   06-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAY &lt;KAY> TO ACQUIRE SPECIALTY FASTENER FIRM</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Kay Corp said its Balfour, Maclaine
+International Ltd subsidiary signed a letter of intent to
+acquire certain assets of a privately-owned distributor of
+specialty fasteners for about 13 mln dlrs plus management
+incentives, which it did not disclose.
+    Kay said the firm has annual sales of about 15 mln dlrs.
+    Kay also said it is pursuing private placement of debt
+securities for a number of corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7220" NEWID="19384">
+<DATE>19-JUN-1987 15:29:46.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2163&#31;reute
+r f BC-LARISSA-INDUSTRIES-FI   06-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LARISSA INDUSTRIES FILES FOR INITIAL OFFERING</TITLE>
+<DATELINE>    AKRON, Ohio, June 19 - </DATELINE><BODY>Larissa Industries Inc said it filed
+with the Securities and Exchange Commission for an initial
+public offering of two mln shares of common.
+    All of the shares are being sold by Larissa, which makes
+and markets component assemblies used in automobiles, light
+trucks, vans, helicopters and other military vehicles and in
+nucelar reactors for the U.S. Navy submarines and other
+vessels.
+    The offering will be underwritten by Merrill Lynch Capital
+Markets and E.F. Hutton and Co Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7221" NEWID="19385">
+<DATE>19-JUN-1987 15:33:08.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2178&#31;reute
+r f BC-SUNRISE-MEDICAL-&lt;SNMD   06-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNRISE MEDICAL &lt;SNMD.O> SEES 4TH QTR LOSS</TITLE>
+<DATELINE>    TORRANCE, Calif., June 19 - </DATELINE><BODY>Sunrise Medical Inc said it
+will close three facilities and take a fourth quarter charge of
+625,000 dlrs, or 15 cents per share, which will result in a
+fourth quarter loss.
+    The company said net earnings for the year will be below
+the 1.8 mln dlrs earned last year. It also noted earnings for
+the year will be affected by a 13 cent per share operating loss
+from its Sunrise Medical GmbH unit in West Germany.
+    It said the closures, to be completed by the end of 1987
+year, are part of a cost reduction and plant consolidation
+program.
+    The company said plants to closed are the Trans-Aid factory
+in Turbotville, Penn., the Minivator factory in Dunstable,
+England and the Sunrise Medical GmbH distribution facility in
+Bischofsheim, West Germany.
+    The Turbotville and Dunstable operations will be folded
+into other Sunrise facilities, while the German distribution
+business will be turned over to local distributors, the company
+said. The German operation will be shut down effective June 26.
+    The company said it does not anticipate any non-recurring
+or extraordinary charges in fiscal 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7222" NEWID="19386">
+<DATE>19-JUN-1987 15:37:06.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2187&#31;reute
+d f BC-NEW-ENGLAND-CRITICAL   06-19 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ENGLAND CRITICAL CARE &lt;NECC.O> BUYS NPO</TITLE>
+<DATELINE>    MARLBOROUGH, Mass, June 19 - </DATELINE><BODY>New England Critical Care Inc
+said it completed its purchase of NPO Therapies Inc of Salt
+Lake City.
+    The company said that NPO Therapies' president and founder,
+Kelly Mutchie, has joined New England Critical Care as regional
+vice president covering the western United States.
+    NPO Therapies provides home infusion therapy services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7223" NEWID="19387">
+<DATE>19-JUN-1987 15:39:03.19</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D><D>colombia</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f2190&#31;reute
+u f BC-/COLOMBIA-HELPFUL-BUT   06-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA HELPFUL BUT COFFEE QUOTAS UNCERTAIN--U.S.</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>A U.S. government trade official
+responsible for coffee policy said prospects for an accord on
+coffee quotas are still uncertain despite recent Colombian
+efforts to bridge differences between producers and consumers.
+    Jon Rosenbaum, an assistant U.S. trade representative just
+back from trade talks in Colombia, said most producing
+countries now accept some sort of standardized criteria must be
+agreed to reintroduce coffee quotas.
+    "There is one country which evidently still does not,"
+Rosenbaum said in an obvious reference to Brazil, which has
+been negative recently on a reintroduction of quotas.
+    Rosenbaum said because of the stance of Brazil the outlook
+for an agreement to reintroduce coffee quotas at the September
+International Coffee Organization meeting is hard to predict.
+    He said that during the visit to Bogota he held technical
+discussions with Colombian officials.
+    While he did not meet with Jorge Cardenas, head of the
+Colombian coffee producers federation, who was in Europe,
+Cardenas left a "positive letter," Rosenbaum said.
+    The Cardenas letter responded to a U.S. letter last month
+which praised Colombia for trying to find a compromise formula
+for the reintroduction of quotas, but outlined several concerns
+with the technical details of the Colombian plan.
+    Rosenbaum could not be reached later in the day for comment
+on a new formula for calculating ICO quotas agreed to by
+European coffee roasters and traders.
+    Dutch coffee trade association chairman Frits van Horick
+said in Amsterdam the new formula is based on six year moving
+averages and would give Brazil an unchanged export quota for
+the remaining to years of the current coffee agreement.
+    The U.S. has said it will not agree to any coffee quotas
+unless "objective criteria" which reflect recent changes in the
+coffee market are used to set export limits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7224" NEWID="19388">
+<DATE>19-JUN-1987 15:39:39.51</DATE>
+<TOPICS><D>rice</D><D>grain</D><D>meal-feed</D></TOPICS>
+<PLACES><D>usa</D><D>el-salvador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2191&#31;reute
+u f BC-CCC-CREDIT-GUARANTEES   06-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC CREDIT GUARANTEES TO EL SALVADOR REALLOCATED</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The Commodity Credit Corporation
+(CCC) has reallocated 1.3 mln dlrs in credit guarantees
+originally granted to cover the sale of protein meals to El
+Salvador so it may buy rice, the U.S. Agriculture Department
+said.
+    The action reduces the guarantee line authorized for sales
+of protein meals to 12.7 mln dlrs and creates a rice credit
+guarantee line of 1.3 mln dlrs, the department said.
+    All sales under the credit guarantee lines must be
+registered and exports completed by September 30, the
+department said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7225" NEWID="19389">
+<DATE>19-JUN-1987 15:41:10.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2195&#31;reute
+u f BC-JEFFERIES-MAKING-MARK   06-19 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES MAKING MARKET IN STORAGE TECHNOLOGY</TITLE>
+<DATELINE>    LOS ANGELES, June 19 - </DATELINE><BODY>Jefferies Group Inc said it is
+making a market in Storage Technology Corp &lt;QSTK.O>.
+    The firm said the first bid was 3-1/2 and the first offer
+was 3-5/8.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7226" NEWID="19390">
+<DATE>19-JUN-1987 15:41:33.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2197&#31;reute
+r f BC-MOODY'S-AFFIRMS-DELTA   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S AFFIRMS DELTA &lt;DAL>, UPGRADES WESTERN</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed Delta Air Lines Inc's 977 mln dlrs of debt and
+upgraded the ratings on Western Air Lines Inc's 216 mln dlrs of
+debt securities.
+    The agency cited Western Air's merger with Delta and
+Delta's assumption of Western's debt. The action reflects
+Delta's continuing strong financial condition, earnings
+improvement and quality service record.
+    Moody's affirmed Delta's A-3 senior unsecured debt and
+industrial revenue bonds, and raised Western's senior secured
+debt to A-3 from Ba-3 and senior unsecured to A-3 from B-1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7227" NEWID="19391">
+<DATE>19-JUN-1987 15:41:42.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2198&#31;reute
+r f BC-DIAMOND-BATHURST-&lt;DBJ   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND BATHURST &lt;DBJ> DEBT DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Moody's Investors Service Inc said it
+cut to B-2 from Ba-1 Diamond Bathurst Inc's subordinated notes
+of 1995.
+    Moody's said it expects the company's operating performance
+would be hurt by heightened competition and by the increasing
+inroads being made by other forms of packaging.
+    It said Diamond should benefit from production efficiency,
+quality control and plant closings. But due to the company's
+major role in selling to the distilled spirits industry, one of
+the smaller markets for glass containers, its margins and asset
+returns may not materially improve, Moody's said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7228" NEWID="19392">
+<DATE>19-JUN-1987 15:41:56.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2199&#31;reute
+d f AM-BRAZIL-MOTOR   06-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S MOTOR INDUSTRY SUFFERS MAJOR SLOWDOWN</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SAO PAULO, June 19 - </DATELINE><BODY>Brazil's crisis-ridden motor industry
+-- which is dominated by the subsidiaries of Volkswagen AG
+&lt;VOWG.F>, Fiat Spa &lt;FIAT.MI>, General Motor Corp &lt;GM> and Ford
+Co &lt;F> -- has not made a single domestic sale for the last four
+days, and several assembly lines will stop shortly, industry
+spokesmen said.
+    The motor manufacturers have been feeling the pinch for
+months, with demand slumping as the country heads into
+recession.
+    But the industry hit a fresh problem when dealers decided
+on Tuesday to stop buying any cars or trucks to protest high
+government taxes on vehicles. The dealers' decision was sparked
+by a 33 pct increase in car prices authorized last week by the
+government to cover industry's rising costs.
+    Spokesman Marcio Stefani of the Brazilian Association of
+Autmotive Vehicle Distributors said dealers felt their
+livelihood was at stake -- cars aren't selling because they
+cost too much.
+    "It is a question of our survival. The price of cars in
+Brazil has reached an insupportable level," he said. A GM Opala
+Diplomata, he said, costs 30,000 dlrs in Brazil, while an
+equivalent car in the United States would cost about 10,000
+dlrs.
+    The National Association of Automotive Vehicle
+Manufacturers said that if the trade's boycott continues for
+another week, consequences will be serious.
+    Association spokesman Fred Carvalho told Reuters, "The
+consequences will first of all be collective holidays then
+lay-offs and a more and more catastrophic situation."
+    A spokesman for Ford Brasil said it would tell about half
+of its 21,000 workforce to take holidays June 29-July 13.
+    Fiat announced yesterday that it would give 2,000 workers a
+month's holiday, from July 6, halting production for the
+domestic market.
+    Carvalho said the industry was working at 3,500 vehicles a
+day, below its 1986 average of 4,700 and capacity of 5,100.
+    During last year's Cruzado Plan price freeze, feverish
+demand far outstripped supply. The industry says it could have
+sold many more cars than it produced, but was constrained by a
+lack of parts.
+    Today the picture is completely different after months of
+raging inflation and demand has all but disappeared.
+    Carvalho said the government taxes on cars added 138 pct to
+the cost of the vehicle. He described the taxes as "the highest
+in the universe and the galaxy."
+    Domestic car sales during the first five months of this
+year slipped to their lowest level for a decade, 241,632 units
+compared with 382,182 units during the same period last year.
+    On the bright side, exports are booming -- sales abroad in
+May totalled 242 mln dlrs, a record figure.
+    The motor industry is critical of the government of
+President Jose Sarney, which has gained a reputation as an
+indifferent manager of the economy.
+    Last month Volkswagen said it was postponing indefinitely
+investments of 150 mln dlrs planned for this year.
+    Wolfgang Sauer, president of Volkswagen do Brasil, said the
+government had created a crisis of confidence.
+    Brazil's motor industry employs more than 150,000 people.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7229" NEWID="19393">
+<DATE>19-JUN-1987 15:44:27.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F RM 
+&#22;&#22;&#1;f2206&#31;reute
+r f BC-U.S.-BROADENS-NATIONA   06-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BROADENS NATIONAL BANK CAPITAL FORBEARANCE</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>U.S. Comptroller of the Currency
+Robert Clarke said his office is expanding a plan giving
+temporarily ailing but well managed national banks extra time
+to come into compliance with its minimum capital requirements.
+    The policy, which originally was intended to give well run
+banks in economically depressed areas more time to rebuild
+depleted capital levels, will be broadened to apply to all
+national banks, Clarke said in a speech to a financial seminar.
+A text of his remarks was made public today.
+    The comptroller's office will extend the application
+deadline for the plan to Dec. 31, 1989 from Dec. 31, 1987.
+    It will extend to 1995 from 1993 the deadline for banks to
+boost their capital levels to the required minimum level.
+    Finally, it will eliminate a current requirement that a
+bank have capital of at least four pct to participate in the
+capital forbearance plan.
+    "In theory, a bank could be allowed to continue to operate
+with nearly zero capital if we approve its plan to rebuild its
+capital base," Clarke said, though he added that a bank in that
+situation would have a have "a virtually ironclad plan for a
+prompt restoration of capital" to be accepted.
+    The critical linkage to forbearance is that the
+fundamentals must be in place to assure that the bank can
+survive: in short, capable management and financial prospects,"
+Clarke said.
+    He said the program will continue to be closed to insolvent
+banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7230" NEWID="19394">
+<DATE>19-JUN-1987 15:45:23.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f2211&#31;reute
+f f BC-AMERICAN-EXPRES   06-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS, UNITS 6.3 BILLION DLRS OF DEBT AFFIRMED
+BY S/P
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7231" NEWID="19395">
+<DATE>19-JUN-1987 15:45:54.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2214&#31;reute
+u f BC-CHRYSLER-&lt;C>-AND-FINA   06-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> AND FINANCIAL UNIT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the debt ratings of Chrysler Corp and Chrysler
+Financial Corp following the automaker's agreement to acquire
+Electrospace Systems Inc for 367 mln dlrs.
+    It said the acquisition could easily be funded from
+existing cash balances, still leaving Chrysler with an adequate
+level of precautionary cash.
+    At March 31 Chrysler had 2.9 billion dlrs of cash and
+marketable securities, up from 2.7 billion dlrs at year-end
+1986, S and P noted.
+    Standard and Poor's affirmed the BBB senior debt of
+Chrysler and Chrysler Financial. Also affirmed were the finance
+arm's BBB-minus subordinated debt and A-2 commercial paper.
+    Electrospace makes communications and electronic systems
+for aerospace applications. Because of the company's relatively
+small size, the acquisition should have little effect on
+Chrysler's balance sheet, S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7232" NEWID="19396">
+<DATE>19-JUN-1987 15:46:16.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2218&#31;reute
+s f BC-AUTOCLAVE-ENGINEERS-I   06-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUTOCLAVE ENGINEERS INC &lt;ACLV.O> DIVIDEND</TITLE>
+<DATELINE>    ERIE, Pa., June 19 -
+    </DATELINE><BODY>Qtly div four cts vs four cts in prior qtr
+    Payable July 15
+    Record June 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7233" NEWID="19397">
+<DATE>19-JUN-1987 15:46:58.95</DATE>
+<TOPICS><D>crude</D><D>pet-chem</D><D>propane</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2222&#31;reute
+u f BC-INTERNATIONAL-LPG-PRI   06-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL LPG PRICES STEADY IN QUIET MARKET</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>International LPG prices were little
+changed in the past week, barely affected by the excitement on
+the advent of OPEC's mid-year meeting, traders and industry
+sources said.
+    "If the OPEC decides to increase crude oil production," a
+traders said, "LPG supplies will be up without corresponding
+rise in demand."
+    Petrochemical buyers were sidelined, after their foray in
+the market early in june, they said.
+    An industry meeting in Dublin this week also drew many
+market participants away from the trading desk, they added.
+    Algeria has moved at least two cargoes of propane to the
+U.S. Gulf, keeping Mediterranean prices steady, traders said.
+    In the Mideast Gulf, propane appeared easing slightly,
+after a major U.S. oil company bought propane on formula which
+netted back about 123 dlrs, cif Mideast Gulf, which was two
+dlrs below Saudi Arabia's government selling price (gsp),
+industry sources said.
+    Delivered propane to Japan was quoted at gsp plus 19 dlrs
+and butane at gsp plus 25 dlrs, the traders said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7234" NEWID="19398">
+<DATE>19-JUN-1987 15:49:27.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2230&#31;reute
+u f AM--BUDGET   06-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUDGET DUE FOR APPROVAL, TRUCE POSSIBLE</TITLE>
+<AUTHOR>    By Michael Posner, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, June 19, - </DATELINE><BODY>After battling President Reagan all
+year, Congress is about to pass a trillion dollar 1988 budget
+that sets the stage for even fiercer fighting over its tax and
+defence policies.
+    But when the dust settles, congressional budget analysts
+say, Reagan and the Democratic opposition may finally sit down
+at a "budget summit" to call a truce and work out a deal over
+implementing the budget he opposes.
+    "I think he essentially will (negotiate)," said a prominent
+House leader who did not want to be identified. "The ball is in
+his court ... We've done everything we could to make a summit."
+The Democrat budget plan calls for $19 billion in new taxes
+next year, $64 billion over three years, and is set to be
+passed by the Democratic-led Congress next week. It would cut
+next year's deficit by about $37 billion to $134 billion.
+    On Tuesday last week, Reagan said he would consider talks,
+except on defence or taxes, but three days later argued that
+Congress would first have to bend even further.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7235" NEWID="19399">
+<DATE>19-JUN-1987 15:51:05.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2235&#31;reute
+d f BC-KLEINWORT-BENSON-AUST   06-19 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KLEINWORT BENSON AUSTRALIAN FUND &lt;KBA> DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Kleinwort Benson Australian Income Fund
+Inc
+    Qtly div from investment income 30 cts vs 36.5 cts in prior
+qtr
+    Payable July 17
+    Record July one
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7236" NEWID="19400">
+<DATE>19-JUN-1987 15:54:21.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2240&#31;reute
+s f BC-HOSPITAL-CORP-OF-AMER   06-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOSPITAL CORP OF AMERICA &lt;HCA> SETS PAYOUT</TITLE>
+<DATELINE>    NASHVILLE, Tenn., June 19 -
+    </DATELINE><BODY>Qtly div 18 cts vs 18 cts prior
+    Pay August seven
+    Record July three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7237" NEWID="19401">
+<DATE>19-JUN-1987 15:56:22.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f2242&#31;reute
+d f AM-KISSINGER   06-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KISSINGER FORESEES ROUGH TIME FOR U.S. ECONOMY</TITLE>
+<DATELINE>    RIO DE JANEIRO, June 19 - </DATELINE><BODY>Former U.S. Secretary of State
+Henry Kissinger said the U.S. Government is disregarding the
+future of its economy and could within three to five years "find
+itself on a situation similar to those of indebted Latin
+American countries."
+    "The United States will not be able to service its debt
+without austerity," he told a news conference.
+    The former secretary also criticised his country's foreign
+policy.
+    "We have so many problems of our own at home that we should
+not be sending people like me and many others around the world
+to tell other countries how to handle their problems."
+    Kissinger came to Brazil on a private visit to make the
+opening speech at the Sixth World Congress of the International
+Federation of Purchasing and Materials Management, to be held
+here June 24 through 26.
+    During his visit he is to call on President Jose Sarney,
+Foreign Minister Roberto Abreu Sodre, Finance Minister Luiz
+Carlos Bresser Pereira and Chamber of Deputies chairman Ulysses
+Guimaraes, Monday in Brasilia.
+    Asked to comment on the economic measures imposed by the
+Brazilian government last week, which included a new price
+freeze up to 90 days, Kissinger said: "I have only read a
+summary of the plan. In principle, it seems like a reasonable
+plan which could succeed and lead to an agreement with the
+International Monetary Fund."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7238" NEWID="19402">
+<DATE>19-JUN-1987 15:57:58.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2245&#31;reute
+r f BC-UNISYS-&lt;UIS>-IN-MARKE   06-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNISYS &lt;UIS> IN MARKETING AGREEMENT WITH VMARK</TITLE>
+<DATELINE>    BLUE BELL, Pa., June 19 - </DATELINE><BODY>Unisys Corp said its Value Added
+Marketing organization signed an agreement with privately held
+VMark Computer Inc for remarketing of the Unisys 5000 and 7000
+series of minicomputers with VMark software.
+    Terms were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7239" NEWID="19403">
+<DATE>19-JUN-1987 15:59:39.20</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>kuwait</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM A 
+&#22;&#22;&#1;f2251&#31;reute
+r f AM-GULF-AMERICAN   06-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT SEEN WANTING TO LEASE SOME U.S. TANKERS</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The United States said Kuwait was
+discussing plans to lease privately-owned U.S. tankers to
+transport oil through the Gulf in addition to putting some of
+its own vessels under American flags.
+    State Department spokeswoman Phyllis Oakley, who made the
+disclosure about the tankers, also told reporters the United
+States expects to conclude very soon a favorable arrangement
+with Saudi Arabia concerning expanded security cooperation in
+the Gulf. The two developments occur as the Reagan
+administration continued to come under fire in Congress for its
+plans to bring 11 Kuwaiti tankers under American flags.
+    The move is designed to protect the tankers from Iranian
+attacks and ensure freedom of navigation in the strategic
+waterway but has raised fears on Capitol Hill that it will draw
+the United States into the seven-year-old Iran-Iraq War.
+    "The Kuwaitis have discussed the possibility of chartering
+U.S. flag vessels with the Maritime Administration," Oakley
+said. She emphasized, however, that "if some charter arrangement
+could be worked out, it would not supplant the reflagging
+arrangement that we worked out with the Kuwaitis."
+    In both cases, the ships would be eligible for U.S. Navy
+escort in the Gulf, she said.
+
+   The Washington Post today quoted John Gaughan, administrator
+of the Martime Administration, as saying Kuwait has approached
+an American shipping company about the possibility of a
+charter.
+    Gaughan said that earlier this week he told representatives
+of the company, whose identify he did not know, that chartered
+vessels flying the U.S. flag "would be protected," the newspaper
+reported.
+    Concerning Saudi Arabia, Oakley said "we are moving forward
+in our talks ... on how we can tailor our efforts and security
+cooperation to facilitate our Gulf operations."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7240" NEWID="19404">
+<DATE>19-JUN-1987 16:00:13.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2252&#31;reute
+h f BC-ENVIRONMENTAL-&lt;POWER.   06-19 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIRONMENTAL &lt;POWER.O> BOARDMEMBER RESIGNS</TITLE>
+<DATELINE>    BOSTON, June 19 - </DATELINE><BODY>Environmental Power Corp said that Robert
+W. Baldridge has resigned from its board of directors,
+effective June 17.
+    Environmental develops, owns and operates small power
+production, hydropower, and waste-energy plants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7241" NEWID="19405">
+<DATE>19-JUN-1987 16:02:01.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f2257&#31;reute
+r f BC-MEXICO-REJECTS-CALLS   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO REJECTS CALLS TO REPRIVATISE BANKS</TITLE>
+<DATELINE>    MEXICO CITY, June 19 - </DATELINE><BODY>Senior officials from government and
+the ruling Revolutionary Institutional Party (PRI) rejected
+business sector calls this week to reprivatise the 26 Mexican
+banks, nationalised five years ago.
+    PRI president Jorge de la Vega, speaking in Saltillo,
+Coahuila state, said the party would never permit
+reprivatisation "because the banks belong to all Mexicans."
+    Speaking in Hermosillo, Sonora State, Deputy Finance
+Minister Francisco Suarez Davila said the nationalised banks
+have proved a positive instrument through which the government
+has been able to promote economic development.
+    Suarez davila said that in the hands of the state, banks
+have performed well and that the government will adopt whatever
+reorganization is needed to improve efficiency.
+    Earlier this week, the newly elected head of the powerful
+business coordinating council, agustin legorreta, called for
+the banks to be reprivatized, charging that competition and
+efficiency had been eroded.
+    Then president jose lopez portillo nationalised the banks
+in 1982, accusing them of aiding capital flight. Later that
+year, miguel de la madrid took office and announced a scheme to
+offer 34 pct of the banks' shares to the public.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7242" NEWID="19406">
+<DATE>19-JUN-1987 16:03:36.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2263&#31;reute
+b f BC-DAYTON-HUDSON-T   06-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DAYTON HUDSON SAID IT TOLD BUYER OF STOCK IT's not
+INTERESTED IN BEING ACQUIRED
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7243" NEWID="19407">
+<DATE>19-JUN-1987 16:04:38.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f2267&#31;reute
+r f BC-LLOYDS-BANK-CANADA-NA   06-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LLOYDS BANK CANADA NAMES NEW CHIEF EXECUTIVE</TITLE>
+<DATELINE>    TORONTO, June 19 - </DATELINE><BODY>Lloyds Bank Canada, a unit of Lloyds
+Bank &lt;LLOY.L> PLC  said it appointed David Drake chief
+executive replacing David Lewis, who will remain as
+vice-chairman, effective June 30.
+    The bank said that former president David Rattee resigned
+to pursue other interests.
+    Drake, 45, has served with Lloyds Bank since 1958, and is
+currently the bank's regional director in Birmingham, England.
+    Lewis was chief executive of the old Continental Bank of
+Canada, which sold 90 pct of its assets to Lloyds Bank last
+November.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7244" NEWID="19408">
+<DATE>19-JUN-1987 16:06:40.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2273&#31;reute
+u f BC-S/P-AFFIRMS-AMERICAN   06-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P AFFIRMS AMERICAN EXPRESS &lt;AXP>, UNITS DEBT</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed 6.3 billion dlrs of debt of American Express Corp and
+related entities.
+    Affirmed were American Express' AA senior debt, AA-minus
+subordinated debt and A-1-plus commercial paper.
+    S and P cited the American Express banking unit's decision
+to set aside specific reserves for developing country credits.
+    While a 600 mln dlr loan-loss provision will generate a
+second quarter loss and diminish equity capital, the reduction
+will be replenished by earnings in the second half of the year,
+S and P said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7245" NEWID="19409">
+<DATE>19-JUN-1987 16:07:41.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f2278&#31;reute
+d f BC-PACIFIC-BASIN-TO-ACQU   06-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC BASIN TO ACQUIRE 51 PCT OF T.E.A.M.</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>&lt;Pacific Basin Development Corp>, based
+in Vancouver, British Columbia, said it reached an agreement to
+buy 51 pct of T.E.A.M. Pacific Corp and its marketing arm for
+4.2 mln U.S. dlrs.
+    Pacific also said it expects ot earn three mln Canadian
+dlrs for the year ended June 30, 1988 and 10 mln Canadian dlrs
+for the year ended June 1989.
+    T.E.A.M., a former Signetics Corp unit, assembles
+integrated circuits in Southeast Asia and is itself buying an
+assembler. Pacific said T.E.A.M. expects to earn over 80 mln
+Canadian dlrs per year when the acquisition is completed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7246" NEWID="19410">
+<DATE>19-JUN-1987 16:08:20.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2279&#31;reute
+h f BC-ANDERSEN-GROUP-INC-&lt;A   06-19 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANDERSEN GROUP INC &lt;ANDR.O> 1ST QTR MAY 31</TITLE>
+<DATELINE>    BLOOMFIELD, Conn., June 19 - </DATELINE><BODY>May 31
+    Shr loss 13 cts vs loss 4 cts
+    Net loss 225,000 vs loss 80,000
+    Revs 11.8 mln vs 10.4 mln
+    Avg shrs 1,789,165 vs 1,789,455
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7247" NEWID="19411">
+<DATE>19-JUN-1987 16:10:48.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2284&#31;reute
+u f BC-DAYTON-HUDSON-&lt;DH>-NO   06-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAYTON HUDSON &lt;DH> NOT INTERESTED IN ACQUISITION</TITLE>
+<DATELINE>    MINNEAPOLIS, Minn., June 19 - </DATELINE><BODY>Dayton Hudson Corp, in a
+letter to employees, said it told an "aggressive buyer" of the
+company's stock that it does not want to be acquired.
+    A Dayton Hudson spokeswoman would not identify the buyer,
+but Wall Street sources said Dart Group Corp &lt;DARTA.O> was the
+company interested in buying Dayton Hudson stock.
+    The Wall Street sources said the Dart Group is expected
+soon to file a statement with the Securities and Exchange
+Commission on its accumulation of Dayton Hudson stock.
+    According to the letter to company employess, Dayton Hudson
+management has moved in two directions to fend off a takeover.
+According to the letter, chairman Kenneth Macke expressed to
+the group buying its stock the company's desire to remain
+independent.
+    Dayton Hudson Thursday night met with Minnesota governor
+Rudy Perpich, appealing for legislative help.
+    A spokesman for Governor Perpich earlier said the governor
+is expected later today to recommend stiffening the state's
+anti-takeover law to help the Minneopolis retailer defend
+itself.
+    Minnesota House speaker designate said the legislators
+would probably look at language similar to that contained in
+Indiana and New York law. He said any amendment proposed would
+probably be designed to thwart a company from dismantling a
+company for its own profit.
+   "Obviously Dayton-Hudson people feel whatever statutes we
+have would not protect them enough," Vanasek said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7248" NEWID="19412">
+<DATE>19-JUN-1987 16:11:21.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2285&#31;reute
+u f BC-BARNETT-BANKS-&lt;BBF>-F   06-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARNETT BANKS &lt;BBF> FILES AGAINST FEDERAL BOARD</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., June 19 - </DATELINE><BODY>Barnett Banks Inc and Home
+Federal Bank of Florida said they filed a suit against the
+Federal Home Loan Bank Board and the Federal Savings and Loan
+Insurance Corp.
+    The companies said the suit asks a Jacksonville, Fla.,
+federal district court to enjoin the enforcement of an
+interpretive rule adopted by the FHLBB last year which seeks to
+give it jurisdiction over Barnett's proposed acquisition of
+Home.
+    The suit says this rule is arbitrary and capricious.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7249" NEWID="19413">
+<DATE>19-JUN-1987 16:11:49.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2286&#31;reute
+d f BC-ENVIRONMENTAL-&lt;POWR.O   06-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENVIRONMENTAL &lt;POWR.O> FILES FOR OFFERING</TITLE>
+<DATELINE>    BOSTON, June 19 - </DATELINE><BODY>Environmental Power Corp said it filed a
+statement with the Securities and Exchange Commission for the
+offering of two mln shares of its common.
+    All shares are being sold by the company and Drexel Burnham
+Lambert Inc is the sole manager of the offering.
+    Environmental said 400,000 dlrs of the net proceeds will be
+used to pay a portion of the purchase price of the capital
+stock of &lt;Milesburg Energy Inc> and the remainder to repay up
+to one mln dlrs in short-term debt and general coporate
+purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7250" NEWID="19414">
+<DATE>19-JUN-1987 16:13:41.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2288&#31;reute
+f f BC-SENIOR-DEFENSE   06-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SENIOR DEFENSE OFFICIAL SAYS PENTAGON HAS SUSPENDED
+BUSINESS WITH TOSHIBA
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7251" NEWID="19415">
+<DATE>19-JUN-1987 16:14:16.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2289&#31;reute
+u f BC-CHRYSLER-&lt;C>-MOVE-CON   06-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> MOVE CONTINUES TREND</TITLE>
+<AUTHOR>    By Steven Radwell, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Chrysler Corp is taking a small step
+away from automobiles and towards military contracting with the
+purchase of Electrospace Systems Inc &lt;ELE>, analysts said.
+    "A chief goal of Chrysler is to gain military business for
+their Gulfstream planes and this should help that cause
+dramatically," said analyst Gary Glaser at First Boston Corp.
+    Chrysler, which bought Gulfstream Aerospace Corp in 1985,
+earlier said Electrospace agreed to be acquired in a friendly
+merger for about 367 mln dlrs.
+    Analysts said the merger continues a trend in the
+automobile industry of diversification away from carmaking.
+    General Motors Corp &lt;GM> paid about five billion dlrs for
+Hughes Aircraft, an aerospace company, in 1985. A year earlier
+it bought Electronic Data Systems, a data processing firm, for
+about 2.5 billion dlrs.
+    Meanwhile, Ford Motor Co &lt;F> has added First Nationwide
+Savings as part of a move into financial services.
+    Ford, which has a huge stockpile of cash, has indicated its
+interest in aerospace with Lockheed Corp &lt;LK> once rumored as a
+possible target.
+    Both Ford and Lockheed have denied the rumors, according to
+analysts. Ford has about 9.5 billion dlrs of cash and
+securities on hand, one analyst said.
+    "The overall strategic thrust (within the car industry)
+is to become somewhat less sensitive to the vagaries of the
+automobile sales cycle," said analyst Jack Kirnan at Kidder
+Peabody and Co. "One way companies feel they can do it,
+particularly GM and Chrysler, is by diversifying into
+aerospace," Kirnan said. Ford has been "a little bit of a
+laggard" in that area, he said, which has been a concern to
+some investors.
+    Chrysler's first big move away from autos came in 1985,
+when it purchased Gulfstream for 637 mln dlrs.
+    Defense analysts said Chrysler was paying a high price for
+Electrospace but auto analysts regarded it as a modest outlay
+for the company. Electrospace earned 10 mln dlrs on sales of
+191 mln dlrs in fiscal 1987 ended April 3.
+    Kirnan said Chrysler may have some trouble digesting the
+Richardson, Texas, electronics firm because it is also buying
+American Motors Corp &lt;AMC> for about two billion dlrs in a deal
+set to close later this year.
+    "Chrysler will have their hands full absorbing AMC for a
+year or more and will absorb a lot of debt," Kirnan said,
+making them the most heavily leveraged auto company.
+    But other analysts said the relative small size of
+Electrospace will make it easy for Chrysler to absorb.
+    Analysts also noted that Hughes has contributed
+significantly to GM and that Gulfstream provided about 57 mln
+dlrs in pretax earnings to Chrysler last year.
+    In a statement, Chrysler said 92 pct of Electrospace's
+sales were to the military.
+    In addition to helping Gulfstream gain government business,
+Chrysler said it believes electronics technology will help the
+automobile business.
+    Robert Miller Jr, Chrysler Corp vice chairman, said that
+Gulfstream's business, for example, involves electronics,
+composites and aerodynamic design. "Those will all be important
+technologies for winning in the automobile business in the
+1990s," Miller told Reuters. Electrospace should add
+significantly to the electronics area, he said.
+    Miller said Electrospace earnings last year were hurt by
+one-time items and but should recover this year.
+    Miller said cash on hand will be used to pay for
+Electrospace.
+    "They have a substantial presence in Washington with 150 or
+more professional people. They also have accounting systems in
+Texas to manage their business with the Defense Department," he
+said.
+    Both should be important in moving Gulfstream into the
+military market. "Gulfstream traditionally has been aimed more
+at the commercial market, which is a different kettle of fish,"
+Miller said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7252" NEWID="19416">
+<DATE>19-JUN-1987 16:15:12.20</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2291&#31;reute
+f f BC-U.S.-BUSINESS-L   06-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BUSINESS LOANS FALL 896 MLN DLRS IN JUNE 10 WEEK,
+FED SAYS
+
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7253" NEWID="19417">
+<DATE>19-JUN-1987 16:15:23.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2293&#31;reute
+f f BC-NYSE-SAYS-SHORT   06-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE SAYS SHORT INTEREST UP 28.9 MLN SHARES FOR MONTH
+ENDED JUNE 15
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7254" NEWID="19418">
+<DATE>19-JUN-1987 16:16:39.43</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2297&#31;reute
+b f US-BUSINESS-LOAN-FULLOUT   06-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BUSINESS LOANS FELL 896 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>Business loans on the books of major
+U.S. banks, excluding acceptances, fell 896 mln dlrs to 275.61
+billion in the week ended June 10, the Federal Reserve Board
+said.
+    The Fed said that business loans including acceptances fell
+546 mln dlrs to 278.12 billion dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7255" NEWID="19419">
+<DATE>19-JUN-1987 16:17:15.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2299&#31;reute
+u f BC-JUDGE-TO-RULE-MONDAY   06-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUDGE TO RULE MONDAY ON BURLINGTON &lt;BUR> CASE</TITLE>
+<DATELINE>    New York, June 19 - </DATELINE><BODY>Manhattan Federal Court Judge Shirley
+Wohl Kram said she would rule Monday on whether to grant a
+request to block a 78 dlr per share merger agreement between
+Burlington Industries Inc and Morgan Stanely Group Inc &lt;MS>.
+    The request to bar the merger was made by Samjens
+Acquisition Corp, a partnership formed by financier Asher B.
+Edelman and Dominion Textiles Inc. Samjens has made a hostile
+77 dlr per share takeover bid for Burlington.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7256" NEWID="19420">
+<DATE>19-JUN-1987 16:17:21.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2300&#31;reute
+r f BC-&lt;K.G.-SAUR>-SELLS-ASS   06-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;K.G. SAUR> SELLS ASSETS TO REED INTERNATIONAL</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>K.G. Saur, the German-based publisher
+of databases and legal and bilbiographic reference material,
+said it has sold all of its assets to The Butterworth Group, a
+division of Reed International PLC &lt;REED.L>, for under 15 mln
+dlrs.
+    Saur said Klaus Saur, president and owner of the company,
+will remain president of Saur operations in Munich, London and
+New York.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7257" NEWID="19421">
+<DATE>19-JUN-1987 16:17:35.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2302&#31;reute
+f f BC-AMEX-SAYS-SHORT   06-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMEX SAYS SHORT INTEREST UP 123,002 SHARES FOR MONTH
+ENDED JUNE 15
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7258" NEWID="19422">
+<DATE>19-JUN-1987 16:18:10.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2304&#31;reute
+d f BC-AEL-INDUSTRIES-INC-&lt;A   06-19 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEL INDUSTRIES INC &lt;AELNA.O> FIRST QTR NET</TITLE>
+<DATELINE>    LANSDALE, Pa., June 19 - 
+    </DATELINE><BODY>Shr 10 cts vs four cts
+    Net 419,000 dlrs vs 196,000 dlrs
+    Revs 27.3 mln dlrs vs 25.9 mln dlrs
+    Note:the first quarter ended May 29
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7259" NEWID="19423">
+<DATE>19-JUN-1987 16:18:16.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2305&#31;reute
+r f BC-CHEFS-&lt;CHEF.O>-COMPLE   06-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEFS &lt;CHEF.O> COMPLETES PRIVATE SALE</TITLE>
+<DATELINE>    POINT PLEASANT BEACH, N.J., June 9 - </DATELINE><BODY>Chefs International
+Inc said it completed a private sale of nine mln units of its
+securities for 20 cts per unit for a total price of 1,800,000
+dlrs.
+    The company said each unit consisted of one share of Chef's
+common stock and one three-year warrant exerciseable to
+purchase one share of Chef's stock at 25 cents.
+    The company also said Robert E. Brennan purchased 8,250,000
+of the units.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7260" NEWID="19424">
+<DATE>19-JUN-1987 16:21:09.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2316&#31;reute
+d f BC-NATIONAL-VIDEO-INC-&lt;N   06-19 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL VIDEO INC &lt;NVIS.O> YEAR NET</TITLE>
+<DATELINE>    PORTLAND, Ore, June 19 - 
+    </DATELINE><BODY>Shr four cts vs nine cts
+    Net 125,465 dlrs vs 245,718 dlrs
+    Revs 8.4 mln dlrs vs 7.8 mln dlrs
+    Note:the fiscal year ended March 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7261" NEWID="19425">
+<DATE>19-JUN-1987 16:22:41.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2321&#31;reute
+b f BC-/PENTAGON-STOPS-NEW-B   06-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTAGON STOPS NEW BUSINESS WITH TOSHIBA</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The Pentagon has stopped approving
+any new military contracts to Japan's Toshiba Corp &lt;TSBA.T>
+over a Toshiba subsidiary's transfer of submarine technology to
+the Soviet Union, a senior defense official said.
+    "We are not approving any new contracts (with Toshiba)
+pending a satisfactory resolution of this entire matter," Deputy
+Assistant Defense Secretary Stephen Bryen told Reuters,
+confirming published reports on the matter.
+    The temporary ban, which Bryen said has been in effect
+unofficially since April, could cost Toshiba hundreds of mlns
+of dlrs in electronics business with the Pentagon, including a
+pending 100 mln dlr Air Force deal for small computers.
+    Bryen said the U.S. military services have not signed any
+contracts with Toshiba since April, when publicity arose over
+subsidiary Toshiba Machine Co's alleged sale to Moscow of
+milling machines which will grind silent submarine propellers.
+    The Japanese government has been investigating the case and
+it was previously reported that Toshiba Machine sold four large
+milling machines to the Soviet Union in late 1983 or early 
+1984.
+    But Bryen told Reuters in an interview that the Pentagon
+has now been informed by Japanese police that at least four
+more smaller machines capable of making such precision
+propellers were also sold to the Kremlin, apparently in 1984.
+    "There may be even more beyond that. I don't know yet," Bryen
+said.
+    Toshiba is known to be seeking a U.S. Air Force contract
+for 90,000 lap-top computers worth some 100 mln dlrs. The Air
+Force has called for new bids on that contract, partly because
+of the Toshiba investigation, Pentagon officials said.
+    The officials, who asked not to be identified, said the
+computer contract is also being re-advertised for bidding
+because of changes in the dlr-yen ratio and questions raised by
+U.S. import restrictions on some Japanese micro-electronics.
+    Two days ago, three U.S. senators said they wanted a
+temporary ban on all U.S. imports of Toshiba Corp products,
+including television sets and videotape recorders.
+    Senators Jake Garn of Utah, Richard Shelby of Alabama and
+John Heinz of Pennslvania said they might seek an amendment to
+a major trade bill being considered by the Senate this summer.
+    The Navy is reported to be furious over the technology
+transfer, and Pentagon officials have told Reuters that some of
+the state-of-the-art propellers have already been mounted on
+Soviet attack submarines.
+    The Japanese government has already prohibited Toshiba
+Machine Co from doing any business with the Soviet Bloc for one
+year.
+    The Norweigan state-own firm Kongsberg Vaapenfabrikk was
+involved in the original technology transfer, providing vital
+computer software to be used with the Japanese milling
+equipment.
+    But the Norweigan firm is now being reorganized and Bryen
+said that it apparently was not involved in the alleged more
+recent transfer of Toshiba Machine equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7262" NEWID="19426">
+<DATE>19-JUN-1987 16:24:57.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2327&#31;reute
+u f BC-ARCHER-DANIELS-&lt;ADM>   06-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARCHER-DANIELS &lt;ADM> DENIES RUMOR</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>Archer-Daniels-Midland Co denied a
+report that it is interested in acquiring International
+Minerals and Chemical Corp (IGL).
+    "We have no interest in International Minerals or any of
+its divisions," a spokesman told Reuters. "We've had no
+conversations with them."
+    USA Today reported that Archer-Daniels-Midland might be
+seeking a hostile takeover of International Minerals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7263" NEWID="19427">
+<DATE>19-JUN-1987 16:29:21.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2341&#31;reute
+r f BC-KAUFEL-GROUP-LTD-(KGL   06-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAUFEL GROUP LTD (KGL.M) 3RD QTR NET</TITLE>
+<DATELINE>    MONTREAL, June 19 -
+    </DATELINE><BODY>Shr 15 cts vs 10 cts
+    Net 1,790,824 vs 1,031,602
+    Revs 14.0 mln vs 6.7 mln
+    Nine mths
+    Shr 41 cts vs 23 cts
+    Net 4,830,513 vs 2,296,192
+    Revs 40.5 mln vs 15.4 mln
+    Avg shrs 12.0 mln vs 10.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7264" NEWID="19428">
+<DATE>19-JUN-1987 16:30:07.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2343&#31;reute
+r f BC-ZONDERVAN   06-19 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP CUTS ZONDERVAN&lt;ZOND.O> STAKE TO 3.8 PCT</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>One of several investor groups
+formerly associated with London investor Christopher Moran in
+his unsuccessful bid to take over Zondervan Corp last year,
+said it cut its stake in the company to less than five pct.
+    In a filing with the Securities and Exchange Commission,
+the group, led by investors Lawrence Altschul and James
+Apostolakis, said it cut its Zondervan stake to 157,500 shares,
+or 3.8 pct of the total, from 246,500 shares, or 5.9 pct.
+    The group, which earlier this month said in an SEC filing
+it wanted join with other groups to maximize share values, said
+it sold 89,000 shares between June 9 and 15 for 1.5 mln dlrs.
+    The group had joined with the Moran group, which last year
+assembled a combined 44 pct stake in Zondervan during its
+unsuccessful takeover try.
+    Last month, the Moran group broke up and splintered into
+various factions. Moran himself withdrew from the takeover
+effort and last reported his personal stake at 4.8 pct.
+    A group led by Miwok Capital Corp, a California broker with
+a 10.6 pct stake, and another one led by Minneapolis
+stockbroker Jeffrey Wendel with 2.6 pct, have both made recent
+SEC filings saying they are seeking agreements with other
+parties who may want to seek control of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7265" NEWID="19429">
+<DATE>19-JUN-1987 16:33:19.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f2347&#31;reute
+u f BC-venezuela-to-seek-2.4   06-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA WANTS 2.4 BILLION DLRS EXPORT FINANCE</TITLE>
+<DATELINE>     Caracas, june 19 - </DATELINE><BODY>venezuela will seek 2.4 billion dollars
+in export financing during 1987, double the amount it received
+last year, public finance director jorge marcano said.
+    Marcano told reporters at the finance ministry yesterday
+that the 2.4 billion is part of a total package of 3.2 billion
+dlrs in new credits, which venezuela will try to obtain.
+    "we've begun efforts to secure that financing," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7266" NEWID="19430">
+<DATE>19-JUN-1987 16:33:33.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2349&#31;reute
+w f BC-AMERICA-POP-INC-&lt;HOST   06-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICA POP INC &lt;HOST.O> VENTURE TO BUILD HOTEL</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>America Pop Inc said it plans to build
+with its joint venture partner, Puissant Group, a 2.6 mln dlrs
+120-unit Days Inn Motor Lodge at the Ohio State Fairgrounds in
+Columbus. Construction is expected to be completed in late
+October.
+    The company also said it plans to complete by mid-October,
+construction of a 60-unit Days Inn in Athens, Ohio, and by
+November a 60-unit Days Inn Motor Lodge in Green Castle,
+Pennsylvania. These two projects are organized as limited
+partnerships, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7267" NEWID="19431">
+<DATE>19-JUN-1987 16:34:17.96</DATE>
+<TOPICS><D>zinc</D><D>lead</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f2351&#31;reute
+u f BC-/NORANDA-BRUNSWICK-MI   06-19 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORANDA BRUNSWICK MINERS VOTE MONDAY ON CONTRACT</TITLE>
+<DATELINE>    TORONTO, June 19 - </DATELINE><BODY>Noranda Inc said 1,100 unionized workers
+at its 63 pct-owned Brunswick Mining and Smelter Corp lead-zinc
+mine in New Brunswick would start voting Monday on a tentative
+contract pact.
+    Company official Andre Fortier said "We are hopeful that we
+can settle without any kind of work interruption."
+    Fortier added that Brunswick's estimated 500 unionized
+smelter workers were currently meeting about a Noranda contract
+proposal and would probably vote next week. The mine's contract
+expires July 1 and the smelter's on July 21.
+    The Brunswick mine produced 413,800 tonnes of zinc and
+206,000 tonnes of lead last year at a recovery rate of 70.5 pct
+zinc and 55.6 pct lead. Concentrates produced were 238,000
+tonnes of zinc and 81,000 tonnes of lead.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7268" NEWID="19432">
+<DATE>19-JUN-1987 16:37:13.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2360&#31;reute
+d f BC-NEW-LEADER-COMING-TO   06-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW LEADER COMING TO U.S. SEC IN CHALLENGING ERA</TITLE>
+<AUTHOR>    By Irwin Arieff, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>President Reagan's nominee as top
+policeman for the nation's securities markets will inherit an
+agency challenged by an insider trading scandal, wild stock
+price gyrations and a host of uncertainties stemming from the
+globalization of financial markets.
+    David Ruder, a 58-year-old Republican law professor at
+Northwestern University in Evanston, Ill., was named Thursday
+to be the 23rd chairman of the five-member U.S. Securities and
+Exchange Commission.
+    If confirmed by the Senate, as expected, he will succeed
+John Shad, who left the agency earlier this week after a record
+six years as chairman to become ambassador to the Netherlands.
+    The SEC has been in the limelight for the past year as its
+investigators have probed into the most colossal insider
+trading scandal ever uncovered on Wall Street.
+    The investigation, which is still active, mushroomed in
+recent months as a growing number of well known traders and
+prominent investment banking firms have been charged with
+wrongdoing.
+    The pace of the probe picked up markedly in November after
+Ivan Boesky, one of Wall Street's most successful stock
+speculators, agreed to cooperate with government investigators
+and to pay a record 100 mln dlrs in penalties and illegal
+profits after being charged with insider trading.
+    But the agency is also wrestling with a vexing new
+phenomenon of huge and rapid swings in stock prices, spurred by
+computer-driven trading strategies that span markets in 
+securities, options and futures. The price gyrations have
+combined with rising trading volumes to bring unprecedented
+volatility to some U.S. securities markets.
+    At the same time, the SEC is being pressed by some
+lawmakers to put a stop to abusive tactics in corporate
+takeover contests as an unrelenting wave of such takeovers
+steadily reshapes the U.S. corporate landscape.
+    And the agency is being pushed by U.S. and foreign
+exchanges intent on expansion to lay the regulatory groundwork
+for an international securities marketplace in which trading
+occurs across borders throughout the world, around the clock.
+    Such worldwide trading networks offer vast new investment
+opportunities but could strain the SEC's ability to enforce
+U.S. securities laws and guard investors from fraud.
+    Under the leadership of Shad, the SEC eased financial
+disclosure requirements for publicly traded companies,
+eliminated many minor investor protection rules, attempted to
+spur competition among exchanges and streamlined the agency's
+review of hostile corporate takeovers.
+    Shad, who had been vice chairman of the E. F. Hutton
+investment banking firm, brought a Wall Street perspective to
+the agency upon being named chairman in 1981.
+    In line with the views of other top administration
+officials, he favored marketplace determination of takeover
+battles over new federal regulations.
+    The SEC under Shad also stressed prosecution of insider
+trading violations over the corporate wrongdoing cases that
+topped the agency's enforcement agenda during the
+administration of President Jimmy Carter, a Democrat.
+    Securities lawyers and industry officials acquainted with
+Ruder say the new chairman-designate is unlikely to
+significantly alter the commission's current priorities.
+    The SEC currently has about 2,000 employees, most of them
+lawyers, and an annual budget of about 115 mln dlrs though that
+figure likely will be significantly higher next year as the
+agency moves to beef up its enforcement staff.
+    The agency is one of the few in the government that
+actually has taken in more money than it has spent in the past
+few years because of fees it charges public companies,
+investment banks and other securities firms it regulates.
+    The SEC is structured as an independent regulatory agency,
+meaning that its five commissioners are appointed by the
+president to fixed five-year terms and protected from firing
+for policy differences alone.
+    By law, no more than three commissioners may be of the same
+political party, and the agency prepares its own budget request
+each year instead of leaving this to the White House.
+    Established by Congress in 1934, the SEC traces its origins
+to the great stock market crash of 1929, which was attributed
+in large part to widespread trading on credit and attempted
+market manipulations by large investment firms.
+    The agency requires public companies and investment
+vehicles such as mutual funds to issue periodic reports on
+their financial condition and to disclose changes in their
+condition any time they issue new securities.
+    It requires brokers, dealers and investment banks to
+register with it and comply with investor protection rules, and
+it polices exchanges and regulates trading practices.
+    Its first chairman was Joseph Kennedy, an industrial
+magnate who was also the father of John Kennedy, later to
+become the nation's 35th president.
+    Other former chairmen include William Douglas, who served
+from 1937 until his appointment to the U.S. Supreme Court in
+1939, and William Casey, who served during President Nixon's
+first term and was Reagan's director of the Central
+Intelligence Agency until his death earlier this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7269" NEWID="19433">
+<DATE>19-JUN-1987 16:42:17.98</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2375&#31;reute
+d f BC-U.S.-ASKS-CONGRESS-TO   06-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ASKS CONGRESS TO REVISE TARIFF CATEGORIES</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The Administration asked Congress to
+replace the U.S. tariff schedule with a new system to bring it
+into line with international tariff categories, U.S. Trade
+Representative Clayton Yeutter said.
+    The new system will add such items as fiber optics and more
+accurately define new composites, items not widely traded when
+the current schedule was devised some 30 years ago.
+    Yeutter said the Harmonized System, as the new schedule is
+called, will change tariff categories and definitions to meet
+the present-day needs of exporters and importers, but they
+should pay about the same rates of duties.
+    Yeutter said, "American exporters will find it far easier to
+deal with one standardized worldwide system than the variety of
+differing systems which they now face."
+    He said the new system ended 12 years of multinational
+negotiations to create the unified tariff schedule.
+    Yeutter said government and business moves are based on
+data from tariff schedules and the new system will improve
+knowledge of trade flows and the quality of decision-making.
+    He said 56 nations pledged to bring their standards under
+the new system, with about half expected to join the system by
+January 1988.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7270" NEWID="19434">
+<DATE>19-JUN-1987 16:44:24.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2383&#31;reute
+r f BC-MOODY'S-AFFIRMS-PNC-F   06-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S AFFIRMS PNC FINANCIAL &lt;PNCF>, UNITS DEBT</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed 500 mln dlrs of debt of PNC Financial and units.
+    Affirmed were Aa-2 senior debt of PNC Financial Corp and
+PNC Funding Corp, AAA long-term deposits of Pittsburgh National
+Bank, and Aa-2 long-term deposits of Citizens Fidelity Bank and
+Trust.
+    Moody's cited PNC's announced special second-quarter loan
+loss provision of 110 mln dlrs to raise loss reserve coverage
+of loans to economically troubled borrowers in less-developed
+countries. Moody's said the firm's financial condition would
+not change materially as a result of the action.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7271" NEWID="19435">
+<DATE>19-JUN-1987 16:45:10.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2387&#31;reute
+u f BC-SORG   06-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVICE RESOURCES&lt;SRC> UNIT CUTS SORG&lt;SRG> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>A group led by Chas. P. Young Co, a
+subsidiary of Service Resources Corp, said it cut its stake in
+Sorg Inc to 366,700 shares, or 16.7 pct of the total
+outstanding common stock, from 385,000 shares, or 17.5 pct.
+    In a filing with the Securities and Exchange Commission,
+Young, which yesterday withdrew its 23 dlr a share takeover
+proposal, said its other group member, SDI Partners Ltd
+Partnership, sold 18,300 Sorg common shares between June 16 and
+18 at 17-1/2 to 19 dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7272" NEWID="19436">
+<DATE>19-JUN-1987 16:47:49.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2395&#31;reute
+r f BC-AUDI-OF-AMERICA-LIFTS   06-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDI OF AMERICA LIFTS CAR PRICES</TITLE>
+<DATELINE>    TROY, Mich., June 19 - </DATELINE><BODY>Audi of America Inc said it will
+increase prices on all models by an average of 3.9 pct, or 838
+dlrs, effective July 20.
+    The increase applies to Audi 4000S, 4000CS Quattro, Coupe
+GT, 5000S sedan and wagon, 5000S Quattro, 5000CS Turbo, and
+5000CS Turbo Quattro sedan and wagon models, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7273" NEWID="19437">
+<DATE>19-JUN-1987 16:48:03.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2397&#31;reute
+r f BC-EATON-&lt;ETN>-GETS-25-M   06-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EATON &lt;ETN> GETS 25 MLN DLR CONTRACT</TITLE>
+<DATELINE>    FARMINGDALE, N.Y., June 19 - </DATELINE><BODY>Eaton Corp said it was awarded
+a 25 mln dlr contract by the U.S. Customs Service for
+development of an intelligence system intended to intercept
+drug smuggling along the southern border of the U.S.
+    The contract calls for the company to provide the
+government with the most current information gathering and
+assessment technology available in its fight against border
+drug trafficking, Eaton said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7274" NEWID="19438">
+<DATE>19-JUN-1987 16:48:29.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2399&#31;reute
+s f BC-MOORE-FINANCIAL-GROUP   06-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOORE FINANCIAL GROUP &lt;MFGI.O> QUARTERLY DIV</TITLE>
+<DATELINE>    BOISE, Idaho, June 19 - 
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Pay July 16
+    Record July 6
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7275" NEWID="19439">
+<DATE>19-JUN-1987 16:48:40.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2400&#31;reute
+s f BC-THE-PARKWAY-CO-&lt;PKWY.   06-19 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE PARKWAY CO &lt;PKWY.O> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    JACKSON, Miss., June 19 - 
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior
+    Pay Aug 19
+    Record Aug 3
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7276" NEWID="19440">
+<DATE>19-JUN-1987 16:48:59.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2402&#31;reute
+h f BC-DWI-CORP-&lt;DWIC.O>-3RD   06-19 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DWI CORP &lt;DWIC.O> 3RD QTR MARCH 31 NET</TITLE>
+<DATELINE>    MISSION VIEJO, Calif., June 19 -
+    </DATELINE><BODY>Shr profit nil vs loss two cts
+    Net profit 39,617 vs loss 200,740
+    Revs 619,076 vs 491,085
+    Nine Mths
+    Shr loss nil vs loss five cts
+    Net loss 68,293 vs loss 434,087
+    Revs 1,614,960 vs 1,791,148
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7277" NEWID="19441">
+<DATE>19-JUN-1987 16:49:42.37</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2404&#31;reute
+u f BC-SUPREME-EQUIPMENT   06-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRM HAS SUPREME EQUIPMENT &lt;SEQP.O> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>Towle and Co, a St. Louis, Mo.,
+investment advisory firm, told the Securities and Exchange
+Commission it has acquired 55,900 shares of Supreme Equipment
+and Systems Corp, or 5.1 pct of the total outstanding.
+    Towle said it bought the stock for investment purposes on
+behalf of its advisory clients.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7278" NEWID="19442">
+<DATE>19-JUN-1987 16:51:14.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2408&#31;reute
+d f BC-MOSELEY-HOLDING-CORP   06-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOSELEY HOLDING CORP &lt;MOSE.O> SEES 1ST QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Moseley Holding Corp said it expects a
+loss for its first fiscal quarter ending June 30.
+    The company said the losses are related to its municipal
+bond, unit trust and corporate bond activities, all of which
+were affected by the difficult bond market.
+    The company said losses for those areas were close to four
+mln dlrs for April and May.
+    It said its mortgage-backed activities were profitable
+during those months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7279" NEWID="19443">
+<DATE>19-JUN-1987 16:51:52.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2411&#31;reute
+d f BC-PHILADELPHIA-ELECTRIC   06-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA ELECTRIC CO &lt;PE> SELLS SHARES</TITLE>
+<DATELINE>    PHILADELPHIA, June 19 - </DATELINE><BODY>Philadelphia Electric Co said it
+completed the sale of 1,500,000 shares of common stock by a
+continuous offering plan through Drexel Burnham Lambert Inc.
+    The company said proceeds from the sale, which amount to
+32.4 mln, will be used for its construction program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7280" NEWID="19444">
+<DATE>19-JUN-1987 16:52:09.02</DATE>
+<TOPICS><D>trade</D><D>bop</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2413&#31;reute
+r f BC-ITALY'S-DEFICIT-NOT-C   06-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY DEFICIT NOT DUE TO LIBERALIZATION-MINISTER</TITLE>
+<DATELINE>    ROME, June 19 - </DATELINE><BODY>Italy's Foreign Trade Minister Mario
+Sarcinelli, commenting on speculation in the Italian press,
+said a sharp balance of payments deficit in May could not be
+attributed to recent moves liberalizing the purchase of foreign
+securities.
+    Sarcinelli was reacting to suggestions that last month's
+overall 3,211 billion lire deficit, which compares with April's
+2,040 billion surplus, could be linked to a May 13 decree
+abolishing obligatory non-interest-bearing deposits on foreign
+securities purchases.
+   "The deficit can be better attributed to premature and
+delayed foreign trade payments and receipts (leads and lags)
+rather than capital outflow to portfolio investment," Sarcinelli
+said in a statement.
+    Earlier today the newspaper La Repubblica cited remarks by
+the Bank of Italy, which announced the deficit for May and said
+it had been partly caused by "non-banking capital outflows."
+    "In practice, it seems that there has been a constant flow
+of capital to foreign securities or investments outside our
+borders," said the newspaper.
+    But the newspaper added that it was still not possible to
+say how far the move to abolish foreign securities purchase
+deposits had affected Italy's balance of payments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7281" NEWID="19445">
+<DATE>19-JUN-1987 16:52:41.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2416&#31;reute
+r f BC-ALLIED-STORES-NAMES-A   06-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED STORES NAMES ANN TAYLOR DIVISION OFFICER</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>&lt;Allied Stores Corp> named Michele
+Fortune president and division chief executive officer of its
+Ann Taylor division stores.
+    Allied said Fortune is currently senior vice
+president-merchandising of &lt;Lord and Taylor> of New York.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7282" NEWID="19446">
+<DATE>19-JUN-1987 16:54:50.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2422&#31;reute
+d f BC-EQUITABLE-LIFE-ASSURA   06-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITABLE LIFE ASSURANCE NAMES UNIT CHIEF</TITLE>
+<DATELINE>    NASHVILLE, Tenn., June 19 - </DATELINE><BODY>&lt;Equitable Life Assurance
+Society of the United States> and Hospital Corp of America
+&lt;HCA> said their Equicor joint venture unit named William
+Hjorth vice chairman and chief operating officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7283" NEWID="19447">
+<DATE>19-JUN-1987 16:55:50.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2424&#31;reute
+r f BC-SICO-(SIC.TO)-TO-BUY   06-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SICO &lt;SIC.TO> TO BUY REICHOLD &lt;RCI> UNIT ASSETS</TITLE>
+<DATELINE>     MONTREAL, June 19 - </DATELINE><BODY>Sico Inc said it agreed in principle
+to buy the U.S. assets of Reichold Chemicals Inc's Sterling
+Group, which manufactures electrical insulation compounds and
+industrial resins and develops coatings for the electronics
+industry. Terms were undisclosed.
+    Sico said it acquired Sterling Group's Canadian assets in
+February.
+    It said the U.S. acquisition adds about 15 mln dlrs to its
+annual sales volume.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7284" NEWID="19448">
+<DATE>19-JUN-1987 16:56:27.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2426&#31;reute
+r f BC-SILICON   06-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR GROUP DUMPS SILICON &lt;SLCN.O> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>A group of Boston investors and
+investment partnerships told the Securities and Exchange
+Commission it sold its entire stake in Silicon Systems Inc of
+410,000 shares, or 6.0 pct of the total outstanding.
+    The group, which includes HLM Associates, HLM Associates II
+and their three general partners, said it sold the stock
+between April 22 and June 9 at 9.00 to 9.125 dlrs a share as
+the result of an investment decision.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7285" NEWID="19449">
+<DATE>19-JUN-1987 16:57:26.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2428&#31;reute
+u f BC-MOSELY-&lt;MOSE.O>-EXPEC   06-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOSELY &lt;MOSE.O> EXPECTS 1ST QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Mosely Holding Corp said it expects to
+report an unspecified loss in the first quarter ending June 30.
+    The company said the current quarter result will reflect
+losses associated with municipal bond, unit trust, and
+corporate bond activities.
+    It reported net income of 203,000 dlrs, or one cent per
+share, on revenues of 35.5 mln dlrs in the fiscal 1986 first
+quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7286" NEWID="19450">
+<DATE>19-JUN-1987 17:01:37.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2444&#31;reute
+r f BC-SHIRMAX-FASHIONS-LTD   06-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHIRMAX FASHIONS LTD &lt;SHX.M> 1ST QTR NET</TITLE>
+<DATELINE>    MONTREAL, June 19 - </DATELINE><BODY>qtr ended May 2
+    Oper shr three cts vs 11 cts
+    Oper net 333,000 vs 885,000
+    Revs 14.9 mln vs 12.2 mln
+    Note: Latest qtr exludes writeoff of 735,000 dlrs from
+store renovation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7287" NEWID="19451">
+<DATE>19-JUN-1987 17:07:20.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2458&#31;reute
+u f BC-TANDY-BRANDS   06-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP UPS STAKE IN TANDY BRANDS &lt;TAB> TO 6.9 PCT</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>A group of companies including
+Chicago-based Coronet Insurance Co and Sunstates Corp, a
+Jacksonville., Fla., real estate firm, said it raised its stake
+in Tandy Brands Inc to 175,900 shares, or 6.9 pct of the total.
+    In a filing with the Securities and Exchange Commission,
+the group said it bought 43,600 Tandy common shares between May
+21 and June 9 for 633,333 dlrs in addition to the 132,300
+shares, or 5.2 pct, it had held previously.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7288" NEWID="19452">
+<DATE>19-JUN-1987 17:08:11.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2459&#31;reute
+r f BC-WISCONSIN-POWER-&lt;WPC>   06-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WISCONSIN POWER &lt;WPC> REPORTS RADIATION LEAK</TITLE>
+<DATELINE>    MILWAUKEE, June 19 - </DATELINE><BODY>Wisconsin Electric Power Co said a
+small amount of slightly radioactive water was released from
+its Point Beach Nuclear Plant at Two Creeks, Wis.
+    The company said 235 gallons of cooling water were released
+into Lake Michigan this morning as plant employees accidentally
+opened a valve while cleaning a holding tank.
+    The company said the radioactive water was heavily diluted
+and that it expects "no environmental or public health or
+safety impact as a result of this discharge."
+    Preliminary tests of lake samples detected no increase in
+lake water radioactivity, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7289" NEWID="19453">
+<DATE>19-JUN-1987 17:08:17.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2460&#31;reute
+r f BC-GATEWAY-&lt;GMSI.O>-RECI   06-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATEWAY &lt;GMSI.O> RECINDS OFFER FOR WESTWORLD</TITLE>
+<DATELINE>    ATLANTA, June 19 - </DATELINE><BODY>Gateway Medical Systems Inc said it has
+withdrawn its May 27 offer to acquire &lt;Westworld Community
+Healthcare Inc>.
+    The company said it remains interested in acquiring the
+Westworld's hospitals and will attempt to continue negotiations
+with Westworld.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7290" NEWID="19454">
+<DATE>19-JUN-1987 17:12:52.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2472&#31;reute
+u f BC-SALLIE-MAE-ANNOUNCES   06-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALLIE MAE ANNOUNCES 100 MLN DLR OFFERING</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The Student Loan Marketing
+Association announced a five-year fixed rate note offer bearing
+interest at 8.25 pct per annum and priced at 99.635.
+    It said the notes, due 1992, will be offered along with two
+mln foreign currency warrants at 4.375 dlrs each, which
+increase in value if the U.S. dollar rises against the yen and
+decrease if the dollar falls against the yen.
+    Semi-annual interest payments on the book-entry notes begin
+Dec 29, it said, adding that both obligations will be traded on
+the American Stock Exchange and will be sold by Morgan Stanley
+and Co Inc and Dean Witter Reynolds Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7291" NEWID="19455">
+<DATE>19-JUN-1987 17:14:50.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2477&#31;reute
+r f BC-AMERICAN-CAPITAL-CORP   06-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CAPITAL CORP &lt;ACC> MAKES SWAP OFFER</TITLE>
+<DATELINE>    MIAMI, Fla., June 19 - </DATELINE><BODY>American Capital Corp said it will
+offer to holders of its 13,325,367 outstanding common stock
+purchase warrants 2.10 dlrs cash and 0.09 shares of common
+stock for each outstanding warrant.
+    The company said the offer will remain open until July 21.
+    It said the offer is subject to certain conditions
+including completion of the pending public offering of a new
+series of preferred stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7292" NEWID="19456">
+<DATE>19-JUN-1987 17:16:08.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE><D>alfonsin</D><D>camdessus</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f2478&#31;reute
+u f BC-ARGENTINA'S-ALFONSIN   06-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA'S ALFONSIN MEETS IMF CHIEF CAMDESSUS</TITLE>
+<DATELINE>    PHILADELPHIA, June 19 - </DATELINE><BODY>Argentine President Raul Alfonsin
+met for more than an hour with International Monetary Fund
+Managing Director Michel Camdessus, and Argentine economy
+minister Juan Sourrouille said the two men discussed
+Argentina's economy and its commercial bank financing package.
+    Sourrouille told reporters that 91.5 pct of the 1.95
+billion dlr loan, which forms the core of the package, has been
+subscribed.
+    Citibank, the chairman of Argentina's bank advisory
+committee, said yesterday that subscriptions totalled about 91
+pct.
+    The IMF has said that a "critical mass" of bank commitments
+is needed before it will start disbursing the 1.83 billion dlr
+standby loan that it has approved in principle for Argentina.
+    Asked what the IMF has stipulated as a critical mass,
+Sourrouille said, "That has not been defined but anywhere over
+90 pct we are doing fine."
+    Although most of the money has been subscribed, officials
+noted that about a third of Argentina's 350 creditor banks hold
+93 pct of its debt. They are worried that it might take a long
+time to persuade the other banks to join the deal.
+    Monetary sources said Alfonsin and Camdessus, who had not
+met before, mostly discussed Argentina's political and economic
+situation. Alfonsin, who is beginning a four-day private visit
+to the U.S., was in Philadelphia to speak to the private World
+Affairs Council, a non-partisan body dedicated to increasing
+public awareness of international affairs.
+    In his speech, Alfonsin said economic integration is the
+only way for Latin America to overcome its current crisis.
+    "This (economic integration) is probably the most audacious
+challenge facing Latin America this century, perhaps the most
+audacious of our history," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7293" NEWID="19457">
+<DATE>19-JUN-1987 17:17:55.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2485&#31;reute
+r f BC-FIRST-CHICAGO-&lt;FNB>-F   06-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CHICAGO &lt;FNB> FILES PREFERRED STOCK OFFER</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>First Chicago Corp said it registered
+for an offering of nearly 2.5 mln shares of cumulative
+convertible preferred stock, Series A, with a value of 50 dlrs
+a share.
+    The stock will be issued in conjunction with First
+Chicago's previously announced acquisition of First United
+Financial Services Inc.
+    First United holders will have the option to receive either
+First Chicago preferred stock or cash in exchange for their
+shares, provided that no more than 70 pct of First United
+shares will be exchanged for preferred stock. The preferred
+stock's conversion premium will be 22.86 pct.
+    The dividend will be fixed shortly before closing at a rate
+causing the preferred stock to initially trade at par, subject
+to a minimum rate of five pct and a maximum rate of nine pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7294" NEWID="19458">
+<DATE>19-JUN-1987 17:21:09.48</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f2490&#31;reute
+f f BC-RIO-DE-JANEIRO---IBC   06-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RIO DE JANEIRO - IBC ESTIMATES 1987-88
+COFFEE CROP AT 35.2 MLN BAGS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7295" NEWID="19459">
+<DATE>19-JUN-1987 17:24:52.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2498&#31;reute
+d f BC-&lt;BOWER-INDUSTRIES-INC   06-19 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;BOWER INDUSTRIES INC> 1ST QTR NET</TITLE>
+<DATELINE>    COSTA MESA, Calif., June 19 -
+    </DATELINE><BODY>Shr profit six cts vs loss 18 cts
+    Net profit 156,000 vs loss 212,000
+    Revs 5,094,000 vs 5,669,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7296" NEWID="19460">
+<DATE>19-JUN-1987 17:28:10.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2503&#31;reute
+s f BC-AMERICAN-ROYALTY-TRUS   06-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN ROYALTY TRUST &lt;ARI> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    HOUSTON, June 19 - 
+    </DATELINE><BODY>Qtly div 14.25 cts vs 14.25 cts prior
+    Pay Sept 21
+    Record July 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7297" NEWID="19461">
+<DATE>19-JUN-1987 17:32:44.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2509&#31;reute
+f f BC-WPP-GROUP-PLC-S   06-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WPP GROUP EXTENDING EXPIRATION OF ITS MERGER PROPOSAL TO
+JWT GROUP UNTIL JUNE 22
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7298" NEWID="19462">
+<DATE>19-JUN-1987 17:34:31.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2513&#31;reute
+d f BC-JOE-FRANKLIN-AND-ASSE   06-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOE FRANKLIN AND ASSETS DEVELOPMENT TO MERGE</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>Privately-held Joe Franklin Productions
+Inc said it entered into a preliminary agreement to merge with
+Assets Development Corp, a public company.
+    Terms were not disclosed.
+    The companies said they expected the merged group to
+qualify for listing on NASDAQ.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7299" NEWID="19463">
+<DATE>19-JUN-1987 17:37:14.68</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2515&#31;reute
+f f BC-TENNECO-TO-BECO   06-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TENNECO TO BECOME OPEN ACCESS TRANSPORTER OF NATURAL GAS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7300" NEWID="19464">
+<DATE>19-JUN-1987 17:40:22.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2521&#31;reute
+u f BC-DART-GROUP-DECLINES-C   06-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DART GROUP DECLINES COMMENT ON DAYTON HUDSON&lt;DH></TITLE>
+<DATELINE>    New York, June 19 - </DATELINE><BODY>Dart Group Corp &lt;DARTA.O> said it has
+no comment on reports the company has been accumulating shares
+of Dayton Hudson Corp.
+    Dayton Hudson said in a letter to shareholders it told an
+"aggressive buyer" of its stock that it does not want to be
+acquired.
+    Wall Street sources have identified the buyer as Dart,
+which earlier this year was thwarted in a takeover attempt for
+the now privately held Supermarkets General Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7301" NEWID="19465">
+<DATE>19-JUN-1987 17:40:33.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2522&#31;reute
+r f BC-BOWER-CHANGES-NAME,-R   06-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOWER CHANGES NAME, RESTRUCTURES LOAN</TITLE>
+<DATELINE>    COSTA MESA, Calif., June 19 - </DATELINE><BODY>&lt;Bower industries Inc> said
+it changed its name to Metalclad Corp and has restructured a
+loan agreement with its bank.
+    Under the pact, a 3.5-mln-dlr revolving credit line will be
+converted to a 1.8-mln-dlr six year note and a 1.7-mln-dlr
+revolving line of credit.
+    The company said it is also restructuring a 4,011,000-dlr
+debt to another creditor, whereby two mln dlrs will be
+forgiven, 1,950,000 dlrs will be converted into two long-term
+notes due April, 1989 and 61,000 dlrs has been included in a
+line of credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7302" NEWID="19466">
+<DATE>19-JUN-1987 17:40:53.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2524&#31;reute
+h f BC-RISE-TECHNOLOGY-INC-&lt;   06-19 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RISE TECHNOLOGY INC &lt;RTEK.O> 1ST QTR LOSS</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., June 19 -
+    </DATELINE><BODY>Shr loss 33 cts vs loss one ct
+    Net loss 320,000 vs loss 8,000
+    revs 822,000 vs 405,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7303" NEWID="19467">
+<DATE>19-JUN-1987 17:41:05.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2525&#31;reute
+s f BC-EASTGROUP-PROPERTIES   06-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTGROUP PROPERTIES &lt;EGP> SETS REGULAR PAYOUT</TITLE>
+<DATELINE>    JACKSON, Miss., June 19 -
+    </DATELINE><BODY>Qtly div 65 cts vs 65 cts prior
+    Pay July 22
+    Record July 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7304" NEWID="19468">
+<DATE>19-JUN-1987 17:44:52.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2529&#31;reute
+d f BC-MAGNOLIA-FOODS-&lt;CAFE.   06-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGNOLIA FOODS &lt;CAFE.O> COMPLETES OFFERING</TITLE>
+<DATELINE>    OKLAHOMA CITY, Okla., June 19 - </DATELINE><BODY>Magnolia Foods Inc said it
+completed a 250,000 dlr private offering of convertible
+preferred and common purchase warrants.
+    Magnolia also said it signed a license agreement and
+approved a conversion site in Tulsa, Okla., and its previously
+approved conversion site in Colorado Springs, Colo., will be
+opened in late July.
+    Magnolia operates nine cafes: four are licensed, four are
+are joint ventures and one is company owned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7305" NEWID="19469">
+<DATE>19-JUN-1987 17:45:47.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2530&#31;reute
+r f BC-WAREHOUSE-CLUB-&lt;WCLB.   06-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAREHOUSE CLUB &lt;WCLB.O> MAY LOWER RESERVES</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>Warehouse Club Inc said it subleased two
+Chicago locations closed in April and is reviewing the five mln
+dlr second quarter reserve established to cover the cost of the
+closures.
+    The company told Reuters it will probably remove two to
+three mln dlrs of the total reserve amount which will result in
+higher third quarter profits.
+    In the 1986 quarter, Warehouse Club had net loss of 891,000
+dlrs or 13 cents a share on sales of 41.4 mln dlrs.
+    The company said it will achieve a profit in the third
+quarter despite any reduction in the reserve.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7306" NEWID="19470">
+<DATE>19-JUN-1987 17:56:58.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2543&#31;reute
+u f BC-WPP-GROUP-PLC-EXTENDS   06-19 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WPP GROUP PLC EXTENDS ITS OFFER FOR JWT &lt;JWT></TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>&lt;WPP Group Plc> said it is extending
+its 50.50 dlrs a share offer for JWT Group Inc until midday
+June 22.
+    The company temporarily extended the offer on June 17 but
+did not give an expiration date.
+    Its 45 dlrs a share offer for JWT, which has been rejected
+by JWT, expires on July 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7307" NEWID="19471">
+<DATE>19-JUN-1987 18:00:01.84</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2552&#31;reute
+u f BC-/TENNECO-&lt;TGT>-TO-TRA   06-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENNECO &lt;TGT> TO TRANSPORT GAS ON OPEN ACCESS</TITLE>
+<DATELINE>    HOUSTON, June 19 - </DATELINE><BODY>Tenneco Inc said Tennessee Gas Pipeline
+Co, its largest interstate natural gas pipeline, will transport
+natural gas under the open access rules of the Federal Energy
+Regulatory Commission, FERC.
+    In open access, gas pipelines serve purely as a transport
+company, moving gas from suppliers to customers. Pipelines also
+transport its own gas to customers.
+    Earlier this week, Transco Energy Co &lt;T> rejected the FERC
+guidelines, saying it would not offer open access until the
+regulatory body offers a solution to the exposure it faces for
+gas it has bought but could not sell.
+    The exposure faced by the industry stems from take or pay
+contracts, under which pipelines bought gas on long-term
+contracts they could not sell. The problem grew severe as
+customers won cheaper sources of gas because of open access.
+    Some industry analysts speculated earlier this week that
+Tenneco might follow Transco's lead and close its pipelines to
+open-access because of the take-or-pay issue.
+    But Tenneco today said open access "is one of the steps
+FERC is taking to restructure the gas industry in the U.S. FERC
+is moving the industry through this restructuring now, even
+before all transitional problems are solved."
+    A spokesman said Tenneco faces 1.7 billion dlrs in exposure
+under the take-or-pay contracts, but he had no specific figure
+for Tennessee Gas, which runs 2,000 miles of pipelines from
+Louisiana and Texas up to New England.
+    "We remain convinced that the most critical transitional
+issue facing the industry--take-or-pay--must be resolved by
+FERC in the near future.
+    "A failure to do so could have grave consequences for the
+industry's continued ability to provide its customers with
+reliable natural gas," said Tennessee Gas Transmission Co
+president R.C. Thomas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7308" NEWID="19472">
+<DATE>19-JUN-1987 18:00:39.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y 
+&#22;&#22;&#1;f2555&#31;reute
+r f BC-CONSUMERS'-GAS-&lt;CGT.T   06-19 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSUMERS' GAS &lt;CGT.TO> TO SELL DEBENTURES</TITLE>
+<DATELINE>    TORONTO, June 19 - </DATELINE><BODY>Consumers' Gas Co Ltd said it agreed to
+sell on July 6 100 mln dlrs of 10.60 pct debentures maturing in
+2012 and priced at 998 dlrs per 1,000 dlrs principal amount.
+    The company said it would use proceeds for general
+corporate purposes.
+    It said the underwriter is Gordon Capital Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7309" NEWID="19473">
+<DATE>19-JUN-1987 18:04:05.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2563&#31;reute
+r f BC-MAXICARE-&lt;MAXI.O>-END   06-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAXICARE &lt;MAXI.O> ENDS PLANS TO SELL UNIT</TITLE>
+<DATELINE>    BIRMINGHAM, Ala., June 19 - </DATELINE><BODY>Maxicare Health Plans Inc  said
+it ended negotiations to sell Maxicare Alabama L.P. to
+(Complete Health Inc).
+    The companies said last week they had reached agreement in
+principle for Complete Health to purchase the health
+maintenance organization, the largest in Alabama.
+    Maxicare said the terms would not be in the best interests
+of the heatlh care providers who have built the Alabama HMO.   
+ It said it now intends to work with its health care providers
+in Alabama to further develop the HMO.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7310" NEWID="19474">
+<DATE>19-JUN-1987 18:04:56.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2564&#31;reute
+r f BC-CHIRON-CORP-&lt;CHIR.O>   06-19 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHIRON CORP &lt;CHIR.O> 4TH QTR APRIL 30 LOSS</TITLE>
+<DATELINE>    EMERYVILLE, Calif., June 19 -
+    </DATELINE><BODY>Shr loss 22 cts vs loss 18 cts
+    Net loss 2,494,000 vs loss 1,608,000
+    Revs 3,590,000 vs 1,710,000
+    Year
+    Shr loss 68 cts vs loss 53 cts
+    Net loss 7,318,000 vs loss 4,160,000
+    Revs 10,503,000 vs 7,134,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7311" NEWID="19475">
+<DATE>19-JUN-1987 18:05:44.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2565&#31;reute
+d f BC-METHODE-ELECTRONICS-I   06-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METHODE ELECTRONICS INC &lt;METH.O> 4TH QTR NET</TITLE>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>qtr ended April 30
+    Shr nine cts vs 17 cts
+    Net 1,026,000 vs 1,840,000
+    Revs 25.9 mln vs 26.1 mln
+    Year
+    Shr 27 cts vs 56 cts
+    Net 2,942,000 vs 5,865,000
+    Revs 95.7 mln vs 96 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7312" NEWID="19476">
+<DATE>19-JUN-1987 18:17:58.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f2582&#31;reute
+u f BC-venezuela-may-ask-imf   06-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA MAY ASK IMF FOR CREDITS</TITLE>
+<DATELINE>    Caracas, june 19 - </DATELINE><BODY>venezuela may turn to the international
+monetary fund for credits as part of the country's overall
+effort to reestablish financial flows from abroad, finance
+minister manuel azpurua said today.
+    "this is no secret. It's just one of the steps the executive
+has begun taking to reestablish financial flows to the country,"
+azpurua told reporters at the finance ministry.
+    He did not specify what types of loans venezuela would seek
+from the fund or the amounts involved.
+    A technical team from the imf is currently in caracas
+gathering data for its annual report on the venezuelan economy,
+the finance minstry said. Members of the mission met today with
+officials from the ministry's public finance department.
+    Venezuela is one of the few latin american debtors which
+has not drawn standby or extended fund facilty loans from the
+imf since the region's financial crisis began in 1982.
+    The country has an imf quota of 1.371 mln sdr's (1.75
+billion dollars), according to the fund's 1986 report.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7313" NEWID="19477">
+<DATE>19-JUN-1987 18:30:18.86</DATE>
+<TOPICS><D>lead</D><D>zinc</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f2590&#31;reute
+r f BC-/NO-COMINCO-STRIKE-TA   06-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO COMINCO STRIKE TALKS SCHEDULED</TITLE>
+<DATELINE>    TRAIL, British Columbia, June 19 - </DATELINE><BODY>Cominco Ltd said no
+talks were scheduled with striking workers at its Trail smelter
+and Kimberley, British Columbia lead-zinc mine.
+    A company spokesman said the company and union met
+informally Tuesday but talks did not constitute a formal
+bargaining session. The last formal talks were on June 5.
+    The workers went on strike May 9 and production has been
+shut down since then.
+    The Trail smelter produced 240,000 long tons of zinc and
+110,000 long tons of lead last year. The Sullivan mine at
+Kimberley produced 2.2 mln long tons of ore in 1986, most for
+processing at the Trail smelter.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7314" NEWID="19478">
+<DATE>19-JUN-1987 18:33:18.89</DATE>
+<TOPICS><D>gnp</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A 
+&#22;&#22;&#1;f2591&#31;reute
+u f BC-ECONOMY-OUTLOOK   06-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ECONOMY SLOWDOWN RAISES RECESSION FEARS</TITLE>
+<AUTHOR>    By Kenneth Barry, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>The economy faces lackluster growth
+and the risk of recession this year if the recent improvement
+in U.S. exports should falter, economists say.
+    Growth will slow sharply in the next months due to weakness
+in the key housing and auto sectors and could be further
+hampered unless consumer spending picks up, they say.
+    "These factors raise the question: Is there enough strength
+to keep the economy from tipping into a recession?" said Lyle
+Gramley, chief economist of the Mortgage Bankers
+Association and a former Federal Reserve Board official.
+    The Commerce Department said this week that the economy
+grew by a robust 4.8 pct annual rate in the first quarter, but
+a U.S. monetary official called it a weak report.
+    Housing starts fell 2.7 pct in May, and consumer spending
+rose a weak 0.1 per cent.
+    "Our two largest visible industries -- autos and housing --
+are faltering, but exports are picking up some of the slack, "
+Martin Mauro, senior economist for Merrill Lynch Economics,
+told Reuters.
+    Gramley said he is worried that consumer spending may slow
+because inflation is rising faster than real wages.
+    To offset this, U.S. exports must continue to rise,
+returning enough jobs to the manufacturing sector to boost
+personal income and consumption, he says.
+    "I expect to see enough improvement in real net exports to
+keep a recession from happening, but it is a close call,"
+Gramley said.
+    Federal Reserve Board Governor Martha Seger told reporters
+that the apparent strength in the 4.8 pct growth figure was the
+result of a temporary buildup in inventories that will not last
+and said the recovery was showing anemia.
+    Seger said that with the recovery stumbling along, "The pace
+of the economy and the lack of robustness must be factored into
+monetary policy" - possibly a signal that the Fed will be
+accommodative.
+    Most economists predict growth slower than the 3 pct
+forecast by the Reagan administration for 1987 and warn that if
+the dollar drops suddenly, higher inflation will result and add
+to the risk of a recession.
+    Mauro said a 0.5 pct rise in industrial production in May
+came despite cutbacks in output in the auto industry, where an
+inventory overhang still exists.
+    He says the boost in production came from smaller
+industries like paper, chemicals, and lumber which have
+improved sales overseas due to the drop in the dollar.
+    "They are not going to be enough for any kind of surge in
+economic activity, but I think they will keep us out of a
+recession," Mauro said.
+    In a speech to financial planners this week, Beryl
+Sprinkel, the chief White House economic adviser, predicted the
+trade deficit will continue to improve.
+    "Prospects for continued economic growth through 1987 and
+into 1988 are still quite favorable," he said.
+    But private economists raise concerns about a resurgence in
+inflation.
+    Allen Sinai, chief economist at Shearson Lehman Brothers
+Inc., told Congress this week that inflation would rise to 4.5
+to five pct this year and stay at that level through 1989 after
+a 1.1 pct increase in 1986.
+    The rise is coming from a sharply lower dollar, higher oil
+and energy prices and rising prices for services, he said.
+    "The lesson of history is that once the inflation genie gets
+out of the bottle, it continues to persist," he said, adding he
+would like the Fed to tighten credit.
+    A major factor affecting inflation is the value of the
+dollar, which should continue to fall and feed inflation, says
+a prominent international banker.
+    Rainer Gut, chairman of Credit Suisse, told the National
+Press Club that the dollar's downward trend against the yen and
+the mark will continue for years because the United States is
+the world's largest debtor nation.
+    The Swiss banker said the economic indicators point to a
+further slackening of activity and called naive the belief that
+the five-year boom on world equity markets will go on forever.
+"It is very difficult to be optimistic," Gut said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7315" NEWID="19479">
+<DATE>19-JUN-1987 18:33:27.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2592&#31;reute
+r f BC-CONDOM-RECALLS-RISE-D   06-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONDOM RECALLS RISE DUE TO FDA TESTING</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>The Food and Drug Administration said
+stepped up testing of condoms by the agency has led to a three
+recalls by U.S. manufacturers and the detention of foreign-made
+condoms at U.S. borders.
+    The FDA said industry standards require that roughly no
+more than four out of 1,000 condoms leak. Condoms are tested by
+pouring 10 ounces of water in each and looking for leakage.
+    The FDA said Schmid Laboratories of Little Falls, N.J., has
+voluntarily recalled one lot of Sheik Fetherlite condoms, which
+was distributed to 22 accounts through the United States.
+   
+    The agency said Schmid reported that almost all of the
+condoms were still in transit or at wholesalers at the time of
+the recall and are being recovered.
+    National Sanitary Labs of Lincolnwood, Ill, voluntarily
+recalled a lot of Protex Contracept Plus brand latex condoms
+which were distributed to a wholesaler in California and two
+retailers in Indiana and Michigan, the FDA said.
+    The FDA said National estimates that none of the suspect
+lot remains on the market. The FDA also said National recalled
+two more lots of condoms following additional FDA tests.
+    The FDA also said Circle Rubber Corp of Newark, N.J., is
+voluntarily recalling Saxon and L'appel condoms after being
+informed of FDA test results. The FDA said the condoms were
+distributed in North Carolina and Illinois.
+    The FDA urged condom makers on April 7 to inform consumers
+about how condoms should be used to increase protection against
+sexually transmitted diseases, including AIDS. Since April, the
+FDA said it had detained 15 shipments of condoms made by firms
+in Korea and four shipments of condoms from Malaysia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7316" NEWID="19480">
+<DATE>19-JUN-1987 18:33:46.37</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f2593&#31;reute
+u f BC-BRAZIL-COULD-EXPORT-1   06-19 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL COULD EXPORT 19 MLN BAGS OF COFFEE -IBC</TITLE>
+<DATELINE>    BRASILIA, June 19 - </DATELINE><BODY>Brazil's coffee exports could amount to
+19 mln bags this year, because of the excellent crop estimate
+of 35.2 mln bags, an IBC spokesman said.
+    He said exports could surpass the average annual 18 mln
+bags mark, especially if the final harvest to be conducted in
+October and November confirms the crop at over 35 mln bags.
+    He said the average limit of errors for the official crop
+harvest could be set at five pct above or below the first
+estimates officially published today.
+    He said the IBC agreed with a request by producers for the
+Institute to ask the government for a monthly indexation of the
+guarantee minimum price.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7317" NEWID="19481">
+<DATE>19-JUN-1987 18:43:10.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2605&#31;reute
+r f BC-ENDOTRONICS-&lt;ENDO.O>   06-19 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENDOTRONICS &lt;ENDO.O> JOINT VENTURE CEASES</TITLE>
+<DATELINE>    MINNEAPOLIS, June 19 - </DATELINE><BODY>Endotronics Inc said operations at
+its joint venture with Summa Medical Corp &lt;SUMA.O> has ended.
+    The company said the venture provided production and
+purification services to biotechnology companies on a contract
+basis. Endotronics, which is reorganizing under Chapter 11, has
+a 75 pct stake in the partnership.
+    The company said it intends to sell the facility that
+housed the operations.
+    It said it is reviewing the adequacy of a two mln dlr
+reserve set up in the second quarter ended March 31 for the
+carrying value of the facility.
+    The company said the cessation of the joint venture was the
+second move taken to refocus its operations on the
+instrumentation business. The company previously said it was no
+longer performing research and development for its health care
+technologies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7318" NEWID="19482">
+<DATE>19-JUN-1987 18:50:39.88</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2622&#31;reute
+u f BC-FACET   06-19 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTMENT PARTNERSHIP UPS FACET &lt;FCT> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 19 - </DATELINE><BODY>Charter Oak Partners, a Connecticut
+investment partnership, said it raised its stake in Facet
+Enterprises Inc to 480,000 shares, or 9.6 pct of the total
+outstanding common stock, from 300,000 shares, or 6.0 pct.
+    In a filing with the Securities and Exchange Commission,
+Charter Oak said it bought 180,000 Facet common shares on June
+12 at 18.25 dlrs each.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7319" NEWID="19483">
+<DATE>19-JUN-1987 18:54:11.35</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C 
+&#22;&#22;&#1;f2624&#31;reute
+u f BC-fin-futures-outlook   06-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UPTREND REMAINS INTACT FOR DEBT FUTURES</TITLE>
+<AUTHOR>    by Patricia Campbell, Reuters</AUTHOR>
+<DATELINE>    CHICAGO, June 19 - </DATELINE><BODY>The six basis point rise of the past
+month in U.S. debt futures may be extended next week by a
+series of U.S. economic reports, analysts said, as long as the
+dollar holds firm.
+    "Interest rates have declined by approximately 50 basis
+points over the last month, largely over indications that
+inflation is not as high as people had feared and the narrowing
+U.S. trade balance, in nominal terms," Samuel Kahan, chief
+financial economist with Kleinwort Benson Government
+Securities, said.
+    Kahan said recent government reports have shown strength in
+the economy during the first quarter, but his concern is
+whether the U.S. economy will sustain that strength in the
+longer term.
+    Weak U.S. economic growth could hurt the dollar, which has
+become more important to the direction of debt futures than the
+beneficial impact on interest rates of a sluggish economy.
+    The median trade expectations for Tuesday's U.S. Consumer
+Price Index and Durable Goods reports are up 0.4 pct and down
+1.5 pct, respectively.
+    Meanwhile, the eight billion dlr drop in the M-1 money
+supply announced this week was "surprising, much larger than
+expected," according to Kahan. "Unless quickly reversed," such
+a trend "will ensure that June M-1 growth will be negative,"
+Kahan said.
+    Taken in conjunction with M-2 and M-3 aggregates which
+Kahan said have "slowed to a crawl, below Federal Reserve Board
+annual targets," the consequences could be a hint of economic
+weakness down the road, he said.
+    Based on chart formations, T-bond futures may be poised for
+further gains, although the advance has been slowed recently,
+analysts said.
+    September T-bonds "are up almost six points since about May
+18," Merrill Lynch debt analyst Jim Duggan noted. September
+bond futures climbed from the low of 87 a month ago to over 93
+in mid-June, Duggan said.
+    While follow-through buying has aided the advance so far,
+and bouts of short covering have prohibited a slide through
+chart support, the rally in September T-bonds has been thwarted
+above the 93 level.
+    "The 93 level is formidable resistance and must be taken
+out before this activity is anything other than a trading range
+market," Carroll McEntee and McGinley Futures debt analyst
+Brian Singer said.
+    The dollar remains the key fundamental factor, and the U.S.
+currency has made little headway of late, analysts said.
+    "The critical variable remaining in the market is the value
+of the dollar," Kahan said.
+    Additional influences next week will be possible
+developments ahead of an OPEC members meeting, and the impact
+and size of the U.S. budget deficit, "although these will not
+be in the forefront of the market early next week," Kahan said.
+    In looking ahead to the U.S. Treasury mini-refunding
+auctions of 24.25 billion in T-notes on Tuesday, Wednesday and
+Thursday, Singer said the market will likely greet the results
+with little excitement. However, a successful auction could
+prove to be a turning point, depending on prevailing market
+psychology.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7320" NEWID="19484">
+<DATE>19-JUN-1987 19:02:50.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f2634&#31;reute
+r f AM-POSTAL   06-19 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA POST SEEKS MEDIATOR, VIOLENCE ON PICKET</TITLE>
+<DATELINE>    OTTAWA, June 19 - </DATELINE><BODY>Canada Post asked the federal government
+to appoint a mediator to help end an increasingly violent
+series of strikes by the country's letter carriers.
+    The government is expected to respond quickly to the
+request that was made after the union formally rejected the
+corporation's latest offer to settle the four-day-old dispute.
+    The state-run postal service also said it would halt the
+use of replacement workers that the union has blamed for the
+trouble on the picket line.
+    "We have become increasingly concerned that the safety of
+our employees, both striking employees and replacement workers,
+is at risk," Canada Post negotiator Harold Dunstan told
+reporters at a downtown Ottawa hotel.
+    Robert McGarry, president of the 20,000 member Letter
+Carriers Union, told reporters he and other union leaders would
+consider suspending the walkouts for a week while the mediator
+is involved.
+    In a bid to step up pressure on management, letter carriers
+walked out in Toronto today where some 50 pct of the country's
+mail is sorted.
+    Workers also set up picket lines in other populous cities
+in southern Ontario, but went back to work in most other
+centers across Canada.
+    There have been several arrests, property damage, and
+sometimes violent clashes between strikers and replacement
+workers whom the corporation hired to try and keep the mail
+moving.
+    The Canadian Union of Postal Workers (CUPW), which
+represents postal employees who are not letter carriers and
+which is not on strike, said one of its workers was stabbed and
+is now in the hospital after a scuffle broke out with a
+replacement worker in Toronto early today.
+    Police, however, said they had no report of a stabbing.
+    CUPW President Jean-Claude Parrot called for the
+resignation of Andre Harvie, minister responsible for Canada
+Post, for condoning the use of the so-called strikebreakers.
+    "The federal government has (the) blood of workers on its
+hands in this postal strike," Parrot told reporters at the
+union's Ottawa headquarters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7321" NEWID="19485">
+<DATE>19-JUN-1987 19:14:24.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2640&#31;reute
+u f BC-JUDGE-HEARS-APPEALS-A   06-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUDGE HEARS APPEALS AGAINST MANVILLE &lt;QMAN> PLAN</TITLE>
+<DATELINE>    NEW YORK, June 19 - </DATELINE><BODY>A federal judge heard arguments that
+Manville Corp's chapter 11 reorganization plan, which was
+confirmed in December, should be thrown out.
+    During a four-and-a-half hour hearing, U.S. District Judge
+Whitman Knapp heard arguments in five different appeals.
+Whitman took the issues under advisement and will rule at a
+later date.
+    Key challenges were made by a group of Manville
+shareholders, who claim they were not adequately represented
+during the bankruptcy proceedings and that a 2.5 billion dlr
+fund to pay victims of asbestos is overfunded.
+   
+    Another challenge came from a group of asbestos victims who
+claimed the trust fund was underfunded.
+    Today, Manville lawyers said there have been about 54,000
+claims filed by those injured by asbestos.
+    The reorganization plan also sets up a trust fund, with
+initial funding of 125 mln dlrs, to pay for property damage
+claims. Additional funds will be available if needed. Manville
+said there are currently 9,500 property damage claims filed.
+    Manville filed for bankruptcy in 1982 and its
+reorganization plan was approved by all parties except the
+common stockholders.
+   
+    The stockholders objected to the proposal because it would
+greatly dilute the value of their holdings. The plan would have
+the effect of converting every eight shares of common stock
+into just one share.
+    Manville lawyers today criticized shareholder groups for
+further delaying the execution of the bankruptcy plan. Herbert
+Edelman, one of Manville's lawyers, pointed out that many
+thousands of victims and creditors were still awaiting payments
+and that many victims had already died.
+    He also pointed out that the bankruptcy court had found
+Manville to be insolvent.
+    "They (shareholders) want the plan put aside to get that
+nebulous value that may be down the road," Edelman said.
+    Common shareholders claim they were not adequately
+represented because U.S. Bankruptcy Judge Burton Lifland
+refused requests to divide the equity holders committee into
+two separate groups, one repesenting common shareholders and
+the other preferred stock shareholders.
+    During confirmation hearings of the plan, the equity
+committee's lawyer George Hahn walked out of the hearing,
+saying he could not represent both groups.
+    The equity holders committee was then abolished.
+   
+    An unofficial committee representing 10 pct of the
+company's stock was present at the confirmation hearings.
+However, lawyers for that committee did not present evidence or
+cross examine witnesses.
+    During today's hearing Paul Gonson, a Washington lawyer
+representing the Securities and Exchange Commission, told Judge
+Knapp that the agency was also concerned that the shareholders
+did not have adequate representation.
+    Knapp said the unofficial committee was represented by the
+New York law firm of Kronish, Lieb, Weiner and Hellman. "They
+have one of the best law firms in town," Knapp said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7322" NEWID="19486">
+<DATE>19-JUN-1987 20:08:04.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>suriname</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2663&#31;reute
+r f AM-surinam-court   06-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SURINAM MAY TAKE NETHERLANDS TO COURT</TITLE>
+<DATELINE>    Paramaribo, june 19 - </DATELINE><BODY>surinam may bring the dutch
+government before the world court of justice in the hague to
+press for a resumption of a 100 mln dlr aid program cut off in
+1982, prime minister jules wijdenbosch said.
+    Wijdenbosch told a news conference tuesday his government
+may request the court to make a judgment on the aid, suspended
+after the december, 1982 murders of 15 surinamese opposition
+leaders while they were in government custody.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7323" NEWID="19487">
+<DATE>19-JUN-1987 23:10:31.25</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2728&#31;reute
+f f BC-HK-SHANGHAI-BANK,-STA   06-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> HK SHANGHAI BANK, STANDARD CHARTERED BANK RAISE PRIME
+1/2 POINT TO 7.5 PCT.
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7816" NEWID="19488">
+<DATE>29-JUN-1987 00:08:35.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>qatar</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0016&#31;reute
+u f BC-QATAR-TAKES-OVER-CABL   06-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QATAR TAKES OVER CABLE AND WIRELESS FRANCHISE</TITLE>
+<DATELINE>    DOHA, June 29 - </DATELINE><BODY>Qatar will today take over the franchise of
+Cable and Wireless Plc (CAWL.L) in the emirate through the
+newly-created Qatar General Telecommunications Corporation
+(QTELC).
+    Cable and Wireless, which has operated in Qatar since 1951,
+will second expert staff and provide technical and computer
+services under agreements signed with QTELC.
+    Cable and Wireless manager Colin Davies told Reuters
+"Basically we have been here in a franchise situation for the
+last 36 years and the government has now decided they want to
+have a bigger role and that is, of course, a sovereign right."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7817" NEWID="19489">
+<DATE>29-JUN-1987 00:18:54.04</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0024&#31;reute
+u f BC-VENEZUELA-PROBES-ALLE   06-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA PROBES ALLEGED FOREIGN EXCHANGE FRAUD</TITLE>
+<DATELINE>    CARACAS, June 28 - </DATELINE><BODY>Banking authorities and police are
+investigating an alleged fraud by the second largest trading
+house in the Caracas free foreign exchange market, Finance
+Minister Manuel Azpurua told reporters.
+    The Superintendency of Banks and the Technical and Judicial
+Police have both begun probes of Cambio la Guiara, Azpurua said
+on Friday night.
+    Police said the owners of the firm, Mario Muggia and his
+brother Luigi Muggia, have left Venezuela.
+    Cambio la Guiara operated in part on the "parallel market" in
+which traders buy and sell dollars among themselves.
+    The Venezuelan central bank on June 17 suspended the
+licences of all 21 foreign exchange operators in the parallel
+market, blaming their speculation for the constant rise in the
+value of the U.S. Dollar here.
+    Juan Domingo Cordero, vice-president of the Caracas Stock
+Exchange and the owner of a foreign exchange trading house,
+said on Friday he had begun legal action against Cambio la
+Guiara for issuing him four checks without funds for a total
+amount of almost one mln dlrs.
+    The Cambio la Guiara exchange house had operated in
+Venezuela for more than 20 years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7818" NEWID="19490">
+<DATE>29-JUN-1987 00:29:32.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0034&#31;reute
+u f BC-TOKYO-STOCKS-OUTLOOK   06-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO STOCKS OUTLOOK UNCERTAIN DUE TO YEN, OPEC</TITLE>
+<AUTHOR>    By James Kynge, Reuters</AUTHOR>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>Prospects for Tokyo stocks are mixed this
+week with investors trying to figure out the future of the
+yen/dollar exchange rate and digest the implications of OPEC's
+latest accord on crude output and pricing, brokers said.
+    They said the market should extend the dull trend it has
+been in since the 225-share index fell rapidly from the record
+close at 25,929.42 on June 17.
+    It ended at 24,902.72 on Saturday and fell further this
+morning to close at 24,707.68 in an uncertain reaction to the
+weaker yen and the weekend OPEC accord.
+    Brokers said attention could focus more on the cheaper,
+less well-known stocks in the exchange's first and second
+sections, which were generally showing more resilience. The
+second section index, in contrast to the first, closed at a
+record 2,404.64 on June 26, surpassing the peak set on June 17
+of 2,401.71.
+    "Probably shares of companies involved in the domestic
+economy are a good bet," said a broker at Daiwa Securities Co
+Ltd. He said his observation was based on figures showing that
+business activity in Japan is booming.
+    The government said on Friday that department store and
+supermarket sales rose 7.5 pct in May from a year earlier,
+while orders received by Japan's 50 major construction firms in
+the same month were up 7.6 pct year on year. Brokers expected
+more such figures, but said many stocks linked to domestic
+demand remain overpriced.
+    "They are hard to find, but companies with an attractive
+niche in the domestic economy, unaffected by currency
+movements, are the best bet," said a broker at a foreign
+securities house who declined to be identified.
+    But sharp rises in money supply and voracious domestic
+consumption are stirring inflation fears. The consumer price
+index rose 0.2 pct in May from April, the third consecutive
+month on month increase.
+    Although investors are not unduly worried about inflation,
+which erodes the real value of stock holdings, they say rising
+prices arouse concern that interest rates may climb.
+    The recent market advances have been assuming a further cut
+in Japan's 2.5 pct discount rate. Such assumptions have now
+died, discouraging investors, brokers said.
+    If oil prices rise, the stock market in Japan could suffer
+a downturn as higher production costs stir inflation.
+    But share prices of Japan's oil importing companies may
+also firm, brokers said. "I have never been able to justify this
+because it should mean that the cost of importing rises," said a
+broker at Yamaichi Securities Co. "It just always happens."
+    Export-oriented companies may continue their recent rally
+if the dollar climbs against the yen. But prices of many blue
+chip exporters have risen fast over the last two weeks, making
+them look less attractive, brokers said.
+    However, if the dollar falls to about 140 or 138 yen, the
+market index may rally, brokers said. A lower dollar could damp
+down rising capital outflows into dollar investments from
+Japan's stock and bond markets, brokers said.
+    And as the yen/dollar rate is supposed to reflect the
+balance of trade between the United States and Japan, a lower
+dollar would bring more pressure on Japan to expand its demand
+for American imports by stimulating its local economy, brokers
+said.
+    "If the dollar falls, buy domestic, if it rises, maybe buy a
+few exporters," said one foreign broker.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7819" NEWID="19491">
+<DATE>29-JUN-1987 01:18:34.87</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>kuwait</D><D>iran</D><D>iraq</D><D>bahrain</D><D>kuwait</D><D>oman</D><D>qatar</D><D>saudi-arabia</D><D>uae</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0062&#31;reute
+u f BC-KUWAIT-SAYS-IT-HAS-FU   06-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT SAYS IT HAS FULL GULF ARAB SUPPORT</TITLE>
+<DATELINE>    KUWAIT, June 29 - </DATELINE><BODY>Kuwait, whose shipping has come under
+repeated attack by Iran, has the full support of Saudi Arabia
+and other Gulf allies, a senior government official said.
+    Cabinet spokesman Abdul-Aziz al-Otaibi, quoted by the
+Kuwaiti news agency KUNA yesterday, said Foreign Minister
+Sheikh Sabah al-Ahmed al-Sabah had told cabinet he had found
+"complete support...At this delicate phase" during visits to Gulf
+Cooperation Council (GCC) states.
+    The GCC, an economic and military alliance which has
+generally supported Iraq over Iran, comprises Bahrain, Kuwait,
+Oman, Qatar, Saudi Arabia and the United Arab Emirates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7820" NEWID="19492">
+<DATE>29-JUN-1987 01:54:25.29</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0077&#31;reute
+u f BC-SANTOS-SAYS-IT-HAS-SI   06-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTOS SAYS IT HAS SIGNIFICANT OIL FIND</TITLE>
+<DATELINE>    ADELAIDE, June 29 - </DATELINE><BODY>Santos Ltd &lt;STOS.S> said it had made a
+significant oil discovery at its Mawson One well in the Moomba
+block of the Cooper Basin, South Australia.
+    It said the well flowed oil from sands at an average rate
+of 1,440 barrels per day from 2,131 to 2,135 metres through a
+6mm choke.
+    Santos said the well was cased and suspended pending
+further evaluation. But it said the proximity of the discovery
+to existing production facilities at the Gidgealpa South field
+would allow Mawson One to be brought into production rapidly.
+    Santos has a 60 pct stake in the block, &lt;Delhi Petroleum
+Pty Ltd> has 30 pct and &lt;South Australian Oil and Gas Corp Pty
+Ltd> has 10 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7821" NEWID="19493">
+<DATE>29-JUN-1987 01:58:51.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0080&#31;reute
+b f BC-BFG-&lt;BKFG.F>-GROUP-NE   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BFG &lt;BKFG.F> GROUP NET RISES IN 1986</TITLE>
+<DATELINE>    FRANKFURT, June 29 - </DATELINE><BODY>Year ended December 31, 1986.
+    Group net profit 45.2 mln marks vs 35.2 mln.
+    Interest surplus 1.09 billion marks vs 1.21 billion.
+    Commission surplus 405.5 mln marks vs 391.7 mln.
+    Extraordinary earnings 784.4 mln marks vs 82.6 mln.
+    Published risk provisions 865.9 mln marks vs 366.7 mln.
+    Balance sheet 59.89 billion marks vs 63.67 billion.
+    Full name is Bank fuer Gemeinwirtschaft AG.
+    Note. Figures revised from provisional figures issued in
+March. Extraordinary earnings linked to sale of subsidiaries.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7822" NEWID="19494">
+<DATE>29-JUN-1987 01:59:10.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0081&#31;reute
+u f BC-BFG-PROFIT-DIPS-IN-FI   06-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BFG PROFIT DIPS IN FIRST FOUR MONTHS</TITLE>
+<DATELINE>    FRANKFURT, June 29 - </DATELINE><BODY>Bank fuer Gemeinwirtschaft AG's
+&lt;BKFG.F> (BfG) partial operating profits in the first four
+months of this year were lower than in the same period in 1986,
+management board chairman Thomas Wegscheider said.
+    But the balance sheet total at the end of May was four pct
+higher than one year earlier as savings continued to flow into
+the bank, he told the annual press conference.
+    BfG parent bank partial operating profits halved to 166 mln
+marks in 1986 from 311 mln in 1985, with the balance sheet
+falling to 48.80 billion marks from 49.02 billion.
+    Wegscheider declined to give a forecast for the full year,
+and noted that the first four months of this year were not
+comparable with the 1986 period as first quarter 1986 had been
+extremely successful for the bank.
+    The general banking environment this year was not easy,
+with the interest margin under pressure, securities business
+suffering from markedly lower bourse turnover than last year
+and sluggish credit demand, he said.
+    "As far as the specific BfG environment is concerned, we
+note a clear atmospheric improvement, which however is being
+reflected in the figures only slowly," he added.
+    Wegscheider said the bank was recovering from speculation
+about its ownership, which had unnerved many customers last
+year, and from the financial crisis involving the Neue Heimat
+housing group linked to BfG's former trade union owners.
+    Insurer Aachener und Muenchener Beteiligungs-AG &lt;AMVG.F>,
+AMB, acquired 50 pct plus one share of BfG late last year.
+    Wegscheider said that earnings from trading on the bank's
+own account in 1986 had been a little higher than partial
+operating profits, but had performed better in the first half.
+    Following the AMB acquisition, BfG sold its 25.01 pct stake
+in &lt;Volksfuersorge Deutsche Lebensversicherung AG>, its 74.9
+pct in &lt;BSV Bank fuer Sparanlagen und Vermoegensbildung AG> and
+five pct of &lt;Allgemeine Hypothekenbank AG>.
+    These sales produced extraordinary earnings of 700 mln
+marks, with parent bank earnings from profit transfer
+agreements rising to 494.18 mln marks in 1986 from 54.24 mln in
+1985, and other earnings including writing bank risk provisions
+rising to 317.95 mln marks from 65.67 mln.
+    Wegscheider said most of the extraordinary earnings went
+into risk provisions.
+    Total risk provisions, undetailed, were more than twice as
+high as in 1985, Wegscheider said. Published group risk
+provisions rose to 865.9 mln marks from 366.7 mln. But the
+share of credits to problem countries covered by risk
+provisions was still below 50 pct at BfG, he said.
+    The BSV Bank stake sale was one of the main factors behind
+a 3.8 billion mark drop in the group balance sheet in 1986.
+    Wegscheider said the re-organization of BfG, planned before
+the AMB acquisition and involving a decentralization, would
+occupy much of BfG's energies this year. BfG and AMB were also
+looking at ways of cooperating in sales of services.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7823" NEWID="19495">
+<DATE>29-JUN-1987 02:02:24.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0087&#31;reute
+u f BC-SOUTH-KOREAN-RULING-P   06-29 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH KOREAN RULING PARTY ANNOUNCES REFORM PACKAGE</TITLE>
+<DATELINE>    SEOUL, June 29 - </DATELINE><BODY>South Korea's ruling party announced a
+reform package which includes a recommendation for direct
+presidential elections.
+    There was no immediate reaction from President Chun Doo
+Hwan but Democratic Justice Party (DJP) chairman Roh Tae-woo,
+who unveiled the reforms, vowed to resign if they were
+rejected.
+    Roh, whose confirmation as government candidate to succeed
+Chun sparked weeks of massive demonstrations around the
+country, said he would withdraw his candidacy and quit his DJP
+post if Chun failed to accept the package.
+    "I have reached the conclusion that I cannot but choose the
+direct presidential election system to overcome social
+confusion and achieve national compromise," Roh said.
+    There was no immediate indication of how soon Chun would
+react to Roh's proposals or whether he was involved in their
+formulation.
+    The president, who took office in 1980 following a military
+coup, is due to step down next February after elections which
+had tentatively been set for December.
+    Under Roh's package, Chun would remain president until his
+successor was chosen by direct elections. At present, the
+president is chosen through an electoral college system which
+the opposition says is stacked in favour of the DJP.
+    Among other major changes, the package offers a release of
+most political prisoners, a guarantee of human rights and a
+free press.
+    Kim Young-sam, head of the opposition Reunification
+Democratic Party, said, "I wholeheartedly welcome Chairman Roh's
+announcement, though it was a belated measure."
+    A Western diplomat told Reuters "It's a very substantial,
+very courageous move."
+    The second surprise in Roh's proposals was an amnesty for
+leading dissident Kim Dae-jung, who has been banned from
+politics because of a suspended sentence for sedition charges.
+    The only opposition demand which is not met by Roh's
+package is the RDP's insistence that Chun should step down
+immediately.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7824" NEWID="19496">
+<DATE>29-JUN-1987 02:10:49.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0094&#31;reute
+u f BC-WORLD-BANK-SEEKS-MORE   06-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK SEEKS MORE AGGRESSIVE DEBT ROLE</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>The World Bank is prepared to play a
+more aggressive role in promoting Third World development and
+easing the debt crisis, bank president Barber Conable said.
+    "We must be realistic about the immediate prospects for an
+expansion in voluntary commercial bank lending, with the World
+Bank playing an even more vigorous role in the debt crisis,"
+Conable said in an interview with Newsweek magazine.
+    Conable said the bank must step in to help relieve the debt
+crisis, which has prompted a number of U.S. Commercial banks to
+write off a portion of their Third World loans.
+    "Our plans include initiatives on the debt front, as well as
+greater emphasis on debt-equity swaps and the promotion of
+private investment in Third World countries through our
+affiliate, the International Finance Corporation," Conable said.
+"The bank is primarily a development institution, not a
+debt-management agency. But debt must be managed effectively or
+it hampers development."
+    Conable defended his reorganisation plan for the bank,
+which he said was aimed at improving efficiency and limiting
+bureaucracy. He added environmental considerations would play a
+larger role in the evaluation of proposed projects.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7825" NEWID="19497">
+<DATE>29-JUN-1987 02:43:27.89</DATE>
+<TOPICS><D>crude</D><D>fuel</D><D>naphtha</D></TOPICS>
+<PLACES><D>singapore</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0107&#31;reute
+u f BC-OIL-MARKETS-SHOW-RESP   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OIL MARKETS SHOW RESPECT FOR NEW OPEC ACCORD</TITLE>
+<DATELINE>    SINGAPORE, June 29 - </DATELINE><BODY>OPEC has shown itself to be in control
+of the world oil situation with its speed in hammering out a
+pact to limit crude oil output to 16.6 mln barrels per day
+(bpd) for the rest of 1987, oil traders said.
+    They said market respect for the cartel has increased since
+it announced Saturday that it would cut fourth quarter output
+to 16.6 mln bpd from the 18.3 mln agreed in December.
+    "There are light oversupplies now, but OPEC ... Has ensured
+there will be no oversupplies in the fourth quarter, and is in
+effect putting pressure on end-users," a European crude oil
+trader said.
+    In Tokyo, one oil analyst said, "There's no reason to expect
+a weak market from now on."
+    A Japanese oil trader, also based in Tokyo, said, "We
+thought OPEC would have difficulty agreeing on fourth quarter
+production so the market will react very bullishly."
+    Traders in Singapore said that while there has been only a
+slight increase so far in spot quotes for Dubai, a benchmark
+crude, they expect price increases over the next few days.
+    August Dubai was discussed in cautious early activity at
+around 17.35 dlrs, above Friday's 17.15-20 range, but still
+below the government selling price (GSP) of 17.42.
+    Even prices of light Mideast grades, such as Qatar and Abu
+Dhabi crudes, are expected to improve from recent weak
+positions, 15 to 20 cents below their GSP's. Singapore traders
+said sellers might now aim for GSP's at least.
+    They said that after initial jumps, they expect prices to
+stabilise and hover around GSPs for the next few months.
+    They said the Japanese oil market would be most affected
+and Japanese end-users would need to rebuild stocks for winter
+requirements before October.
+    Prices are most likely to rise in the fourth quarter on
+European and U.S. Stockbuilding for winter, they added.
+    "There's no doubt consumption will be higher than production
+by the fourth quarter and stocks are not that high," said an
+international trader in Tokyo. Another Tokyo trader was less
+bullish, "For sure there will be some shortage but it depends on
+how much they (OPEC members) cheat."
+    A Singapore trade source said, "There is enough cheating and
+leakage in the OPEC sales system to convince traders there is
+no need to worry about shortages."
+    Other traders said the questionable Iraqi production level,
+after Iraq's rejection of its assigned quota, was a bearish
+factor to be considered.
+    Traders also said end-users now would buy as much as
+possible on term contracts and buy spot only when the market
+cooled from its initial reaction to the OPEC agreement.
+    Spot product prices in Singapore were little changed in
+thin early discussions, with naphtha and middle distillates
+quiet on minimal buying interest.
+    Fuel oil products were steady to firm on light demand and
+tight prompt supplies, dealers said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7826" NEWID="19498">
+<DATE>29-JUN-1987 02:56:57.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0118&#31;reute
+u f BC-NBC-WRITERS,-PRODUCER   06-29 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NBC WRITERS, PRODUCERS AND TECHNICIANS ON STRIKE</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Producers, news writers, editors and
+technicians began a strike at the National Broadcasting Co
+(NBC), leaving management employees to do their jobs.
+    The strike by members of the National Association of
+Broadcast Employees (NABET), representing 2,800 of NBC's 8,000
+workers, began at 12:01 A.M. (0401 GMT) after the network
+imposed a contract which the union said was unacceptable.
+    The union said its main objection to the contract was that
+it permitted NBC to employ additional part-time workers.
+    The average salary of workers represented by NABET is
+65,000 dlrs a year.
+    Union officials said management was being intransigent and
+blamed General Electric &lt;GE>, which purchased NBC and its
+parent company RCA in 1985 in a flurry of communications
+company takeovers.
+    The strike is the first for NBC since 1976.
+    The two sides said they have set no time to meet again.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7827" NEWID="19499">
+<DATE>29-JUN-1987 03:25:40.09</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>japan</D><D>iraq</D><D>iran</D><D>uae</D><D>qatar</D><D>kuwait</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0158&#31;reute
+u f BC-FAR-EAST-TRADERS-EXPE   06-29 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAR EAST TRADERS EXPECT 20 DLR OIL IN JANUARY</TITLE>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>OPEC's agreement to limit output to 16.6
+mln barrels per day (bpd) for the rest of the year should boost
+spot prices and enable the group to raise its official
+reference price to 20 dlrs a barrel in January from the current
+18 dlrs, Far East oil industry sources said.
+    "Fundamentally, the market situation is bullish and the
+official price will be 20 dlrs in January," a Japanese refiner
+said.
+    The sources said that in spite of over-production by OPEC
+members such as Iraq, the United Arab Emirates, Kuwait and
+Qatar, demand should exceed supply by the fourth quarter.
+    Spot oil prices surged on Friday in late U.S. Trading as
+the market anticipated an OPEC agreement on second-half 1987
+output. In early Tokyo trade, levels were firm at 17.30 dlrs
+for Mideast Dubai cargoes loading next month and 19.00 dlrs for
+U.K. Brent, traders said.
+    They said they expect more foreign crudes to be sucked into
+the U.S. Market as the benchmark crude West Texas Intermediate
+(WTI) trades at around 20.30 dlrs.
+    "With WTI at 20, 21 or 22 dlrs, U.S. Refiners will import
+Mideast and Far East crudes and this will strengthen those
+grades further," said a Japanese oil trader.
+    Some Tokyo traders were cautious about whether thU spot
+market has further upward potential in the short term, having
+risen strongly on the OPEC news on Friday.
+    "You could certainly argue that if New York rose on that
+basis, there's no reason for prices to go up again today," said
+one international oil trader in Tokyo.
+    "But I think if there's any sign of a dip, it will be bought
+back up again pretty quickly," he added.
+    One oil industry analyst concurred, "There is no reason to
+expect a weak market from now on." He said he expected OPEC to
+raise prices to 20 dlrs when it meets on December 9.
+    Oil sources said spot prices are unlikely to surge strongly
+in the next few months due to cheating by some OPEC members and
+the likelihood that Saudi Arabia will act as swing producer to
+maintain steady prices.
+    Iraq is currently producing around two mln barrels per day
+compared to its second-half quota of 1.54 mln, they said. Its
+export capability will rise to 2.5 mln bpd when a new pipeline
+through Turkey, comes onstream in or around September.
+    Qatar is said to be achieving sales of around 350,000 bpd,
+against its OPEC-assigned quota of 299,000, by discounting up
+to 20 cents a barrel from official prices, the sources said.
+    Iran, the United Arab Emirates and Kuwait are also cheating
+on the OPEC agreement with over-production and effective price
+discounts through counter-purchases, industry sources said. But
+they mostly agreed that Saudi Arabia will unofficially act as
+swing producer, cutting production to compensate for higher
+output by other members or boosting output if spot prices rise
+too high too fast.
+    Saudi Arabia has a floating oil stockpile of 40 to 50 mln
+barrels. "Saudi Arabia wants oil price stability so the
+stockpile may be utilized to cool down the market if it rises
+too much," an oil industry analyst said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7828" NEWID="19500">
+<DATE>29-JUN-1987 03:40:00.72</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>icco</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f0182&#31;reute
+u f BC-JAPAN-TO-RATIFY-1986   06-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO RATIFY 1986 INTERNATIONAL COCOA AGREEMENT</TITLE>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>Japan will ratify the 1986 International
+Cocoa Agreement (ICCA), with effect from July 1, and will renew
+its membership in the International Cocoa Organisation (ICCO),
+Foreign Affairs Ministry officials said.
+    They said Japan would participate in an ICCO meeting on
+July 13 in London to revise ICCO buffer stock policy.
+    The 1986 ICCA has been in effect since January 1987.
+    Government approval to participate in the ICCO was delayed
+by parliamentary debate over the sales tax issue, the officials
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7829" NEWID="19501">
+<DATE>29-JUN-1987 03:45:34.21</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0188&#31;reute
+f f BC-Willis-Faber-says-it   06-29 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Willis Faber says it making agreed 302.6 mln stg bid for
+Stewart Wrightson
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7830" NEWID="19502">
+<DATE>29-JUN-1987 03:45:44.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M C 
+&#22;&#22;&#1;f0189&#31;reute
+u f BC-KOBE-STEEL,-U.S.-FIRM   06-29 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOBE STEEL, U.S. FIRM IN COPPER TUBE TIE-UP</TITLE>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>&lt;Kobe Steel Ltd> said it has agreed to
+supply technology to manufacture thin-walled copper tubing used
+in air conditioners and refrigeration units to &lt;Halstead
+Industries Inc> in Zelienople, Pennsylvania.
+    Total demand for copper tubing in the U.S. Is 25,000 tonnes
+a month, of which 5,000 is for the thin-walled type, Kobe said
+in a statement.
+    The two companies are studying joint partial production of
+Kobe's thin-walled copper tubing in the U.S.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7831" NEWID="19503">
+<DATE>29-JUN-1987 03:48:03.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0195&#31;reute
+b f BC-LEBANESE-BANK-STAFF-S   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEBANESE BANK STAFF STRIKE OVER MISSING COLLEAGUES</TITLE>
+<DATELINE>    BEIRUT, June 29 - </DATELINE><BODY>Lebanese bank employees went on a one-day
+strike to draw attention to the fate of three Central Bank
+colleagues missing, believed kidnapped, since 1985.
+    The strike, which shut the foreign exchange market and
+banks across the country, was called by the Central Bank
+Employees' Union and the Bankers' Association, which groups
+more than 80 Lebanese banks.
+    The three missing Christian employees are believed to have
+been kidnapped while crossing from Christian East Beirut to
+Moslem West Beirut nearly two years ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7832" NEWID="19504">
+<DATE>29-JUN-1987 03:49:04.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0196&#31;reute
+u f BC-WPP-GROUP-RAISES-PROP   06-29 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WPP GROUP RAISES PROPOSED RIGHTS ISSUE</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>&lt;WPP Group Plc>, which on Friday secured
+agreement for its bid for &lt;JWT Group Inc> by increasing its
+offer, said it would raise its planned rights issue to raise
+213 mln stg instead of 177 mln to finance the deal.
+    On Friday the two groups said they had agreed to merge
+after WPP raised its cash price to 55.5 dlrs a share from 45.0
+dlrs, valuing JWT at 566 mln dlrs.
+    Under the new rights proposals, WPP shareholders could
+apply for new ordinary shares at 875p each on a two-for-one
+basis.
+    The issue has been underwritten. The remainder of the
+purchase price would come from a loan facility of up to 260 mln
+dlrs.
+    The issue and the proposed acquisition of JWT remain
+conditional on the approval of shareholders.
+    The original proposal for the rights issue was on the basis
+of five new shares for every three held. The revised version
+would involve the issue of up to 24.3 mln new shares,
+representing 65 pct on the enlarged fully diluted share
+capital.
+    WPP shares were quoted at 0757 GMt unchanged at 10.70 stg.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7833" NEWID="19505">
+<DATE>29-JUN-1987 03:52:34.97</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>saudi-arabia</D></PLACES>
+<PEOPLE><D>hisham-nazer</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0199&#31;reute
+u f BC-SAUDI-OIL-COMPANY-GET   06-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI OIL COMPANY GETS NEW ACTING GOVERNOR</TITLE>
+<DATELINE>    RIYADH, June 29 - </DATELINE><BODY>The acting governor of Saudi Arabia's
+state-owned oil company, Petromin, Jamal Hassan Jawa, has
+retired at his own request, oil industry sources said.
+    They said Ali Ibrahim Rubaishi, head of organisation
+planning in Petromin, would take over as acting governor.
+    Jawa held the post since his predecessor, Abdul-Hadi Taher,
+left in a major oil industry shake up last December.
+    The sources said Rubaishi had not been expected to hold the
+post permanently.
+    The government removed Taher and Oil Minister Ahmed Zaki
+Yamani from their posts late last year in a move which industry
+sources said was aimed at coming to grips with a buyers' oil
+market.
+    The two men had run the Saudi oil industry for more than 20
+years. Industry sources said that despite huge resources, Saudi
+Arabia had been unable to mould an oil marketing strategy tuned
+to the competitive realities of the 1980s glut.
+    Hisham Nazer, who replaced Yamani, successfully led an
+OPEC-engineered return to fixed oil prices of 18 dlrs a barrel
+last December.
+    Nazer is believed to be reviewing Saudi oil operations
+which could lead to a thorough overhaul in the way Saudi Arabia
+does business, the sources said.
+    The sources had said possible candidates for the governor's
+job include Prince Abdul Aziz Ibn Salman Ibn Abdul Aziz, who
+earlier ran a research center at Saudi Arabia's University of
+Petroleum and Minerals, and former Deputy Planning Minister
+Faisal Beshir. They also list Abdulla Bakr, President of the
+University of Petroleum and Minerals, economist Ali Jonahi,
+Ahmed Shinawi, and Zuheir Masoud, director of Jeddah Islamic
+Port.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7834" NEWID="19506">
+<DATE>29-JUN-1987 03:53:33.44</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uae</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0200&#31;reute
+u f BC-UAE-OIL-MINISTER-OTEI   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE OIL MINISTER OTEIBA VISITS EGYPT - AGENCY</TITLE>
+<DATELINE>    CAIRO, June 29 - </DATELINE><BODY>UAE Oil Minister Mana Said al-Oteiba
+arrived in Alexandria last night for a visit to Egypt, the
+national Middle East News Agency (MENA) said.
+    It said Oteiba, who had just attended the OPEC ministerial
+meeting in Vienna, would stay for several days but gave no
+details.
+    Non-OPEC Egypt has pledged to restrain output to support
+OPEC's moves to boost oil prices. Oil Minister Abdel Hadi
+Kandeel last week said Egypt plans to leave its oil production
+of 870,000 barrels per day unchanged for the next five years.
+Egypt is able to produce up to one mln bpd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7835" NEWID="19507">
+<DATE>29-JUN-1987 03:54:49.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0204&#31;reute
+b f BC-WILLIS-FABER-BIDS-FOR   06-29 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIS FABER BIDS FOR STEWART WRIGHTSON</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>Willis Faber Plc &lt;WIFL.L> will make an
+agreed 302.6 mln stg offer for fellow insurance broker &lt;Stewart
+Wrightson Plc>, a joint statement said.
+    The offer would be on the basis of three Willis shares for
+every two in Stewart, valuing each Stewart share at about
+655.5p.
+    Willis already owns 2.05 mln shares, or 4.62 pct, and has
+received acceptances from Stewart's directors for a further
+247,469 shares.
+    Full acceptance of the offer would involve the issue of
+66.2 mln new Willis shares, or 28.2 pct of the enlarged total.
+    The companies said the proposed merger would bring together
+businesses that were largely complementary. Both believed the
+combination would permit more effective competition throughout
+the world and enahnce the service provided to clients.
+    Following the merger, the two companies saw significant
+opportunities for growth in brokerage income and considerable
+scope for improved operating efficiency.
+    Willis shares were suspended on Friday at 437p. When
+trading restarted they dropped sharply to 393p.
+    Stewart Wrightson shares rose to 576p at 0835 gmt from a
+suspension price of 499p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7836" NEWID="19508">
+<DATE>29-JUN-1987 03:55:30.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0206&#31;reute
+u f BC-N.Z.-OPPOSITION-PARTY   06-29 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z. OPPOSITION PARTY UNVEILS ECONOMIC POLICY</TITLE>
+<DATELINE>    WELLINGTON, June 29 - </DATELINE><BODY>New Zealand's opposition National
+Party said it would cut personal and business taxes and would
+not regulate or control interest rates if returned to power.
+    The economic strategy was unveiled by party leader Jim
+Bolger one day before prime minister David Lange announces the
+date of general elections, widely expected to be August 15.
+    The National Party's tax policies included the abolition of
+death and gift duties and the removal of indirect taxes on
+basic food and doctors' fees.
+    The most recent opinion poll, taken on June 20, gave Labour
+a 26 point lead over National or eight points more than a month
+earlier.
+    National said that under its administration the New Zealand
+dollar would find its level with "complementary fiscal and
+monetary policies." The party did not elaborate.
+    Controversy over National's economic policy erupted in
+March when former prime minister Robert Muldoon said the party
+had adopted a policy of a managed exchange rate.
+    Bolger said then that the National Party would continue to
+float the dollar.
+    Since the dollar was floated by the Labour Party in March
+1985 it has risen about 34 pct, cutting the export incomes of
+farmers, who are traditional National Party supporters.
+    The party said tight monetary policies alone would lead to
+unrealistic exchange rates which would be out of line for
+exporters unless they were supported by a low government
+borrowing requirement, a shrinking government sector and
+positive growth.
+    It aimed to keep aspects of deregulation which have
+benefitted New Zealanders while cutting government spending,
+unemployment, interest rates, inflation and tax.
+    The National Party intends to privatise totally the &lt;Bank
+of New Zealand>, &lt;Development Finance Corporation>, &lt;Tourist
+Hotel Corporation>, &lt;Petrocorp>, &lt;State Insurance> and
+&lt;Government Life Office>, the party said.
+    Other candidates for privatisation, such as &lt;Air New
+Zealand Ltd>, would be considered when the share market could
+absorb them.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7837" NEWID="19509">
+<DATE>29-JUN-1987 04:00:12.83</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0218&#31;reute
+b f BC-NORWAY-EXTENDS-7.5-PC   06-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY EXTENDS 7.5 PCT OIL OUTPUT CUT - MINISTRY</TITLE>
+<DATELINE>    OSLO, June 29 - </DATELINE><BODY>Norway will extend its 7.5 pct cutback in
+planned North Sea oil output in support of OPEC from July 15
+until the end of this year, Oil Ministry spokesman Egil Helle
+told Reuters.
+    "We took a very positive view of the OPEC meeting in Vienna,"
+he said. "The accord reached there means stability in the oil
+market and we shall continue making our contribution."
+    The cuts, originally brought in from February 1, would
+probably be officially approved on July 10 by parliament, Helle
+said. The ministry had written to Norway's oil companies and
+would now discuss with them how best to implement the cuts.
+    OPEC agreed this weekend in Vienna on an output ceiling of
+16.6 mln barrels per day (bpd) for the rest of 1987 and
+retained the fixed prices that were set in its December accord
+based on an 18 dlr per barrel reference point.
+    OPEC's first half 1987 output ceiling was 15.8 mln bpd, and
+it's December pact had provisionally set a third quarter
+ceiling of 16.6 mln bpd, rising to 18.3 mln in the fourth
+quarter.
+    Norway, which pumps around one mln bpd from its offshore
+fields, previously said it would continue its output curbs from
+planned production for the rest of the year if OPEC remained
+within its December accord on output and prices.
+    Norway's oil production rose 10 pct to an average of around
+840,000 bpd in 1986. Since then it has risen to around one mln
+bpd, and is expected to reach about 1.5 mln bpd by 1995.
+    The 7.5 pct cut from planned production implemented since
+February reduced Norway's oil output by about 80,000 bpd.
+    Norway's Oil Minister Arne Oeien, currently in Iceland for
+a meeting of Nordic ministers, has made no official statement
+on the latest oil production cutbacks.
+    Over the past year several other leading non-OPEC
+producers, including the Soviet Union, Mexico, China, Malaysia
+and Egypt have also pledged support for OPEC's bid to keep
+prices stable.
+    Norway decided on the initial round of cuts following an
+OPEC agreement last December which boosted oil prices to around
+18 dlrs per barrel from around 14 to 15 dlrs last December.
+    Norway relies on oil for about 40 pct of its total export
+earnings and was hit hard by the collapse in the oil price
+during the first half of 1986.
+    But firmer oil prices since then have brought some
+stability to the economy and helped narrow the foreign trade
+deficit.
+     Norway's North Sea neighbour Britain has consistently
+refused to cooperate with OPEC output cuts saying it is up to
+the producing oil companies to set the levels of production.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7838" NEWID="19510">
+<DATE>29-JUN-1987 04:21:42.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0244&#31;reute
+b f BC-BRENT-TO-BUY-LONRHO-D   06-29 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRENT TO BUY LONRHO DIVISION, PROPOSES RIGHTS</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>&lt;Brent Walker Group Plc> said it had
+agreed to buy the group of companies comprising Lonrho Plc's
+&lt;LRHO.L> Metropole Casino Division, together with a freehold in
+central London, for 121.55 mln stg.
+    Payment will be in cash on completion except for three mln
+stg payable on December 1, 1988.
+    Brent said it also proposed to raise about 126 mln stg net
+through the issue of 131.67 mln convertible shares at one stg
+each. The shares can be converted between 1990 and 2002 at the
+rate of four ordinary shares for every 15 convertibles held.
+    On full conversion, the issued ordinary share capital of
+the company would increase by some 64 pct.
+    &lt;Birdcage Walk Ltd>, a company controlled by the Walker
+family, owns 20.68 pct of the shares and is entitled to 27.2
+mln convertible shares under the offer. The trustees had
+indicated that it intended to sell enough of the convertibles,
+nil paid, to enable it to take up the remainder.
+    Brent would buy the casino companies and the freehold of
+45, Park Lane in London. Under the arrangements, it would also
+arrange for the repayment of 6.45 mln stg in inter-company
+debt.
+    Brent Walker shares firmed sharply on the announcement to
+385p from 353p at Friday's close, while Lonrho also firmed, to
+275p from 265.5p.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7839" NEWID="19511">
+<DATE>29-JUN-1987 04:39:30.05</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0261&#31;reute
+u f BC-BANK-OF-JAPAN-DETERMI   06-29 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN DETERMINED TO KEEP EASY MONEY POLICY</TITLE>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>The Bank of Japan bought 100 billion yen
+in certificates of deposit (CDs) via repurchase agreements
+today to show its determination to maintain an easy money
+policy, central bank officials said.
+    "Today's CD buying operation was designed to seek an
+announcement effect, in which we would reassure the market of
+the fact that we have not changed our policy stance," a senior
+central bank official told Reuters.
+    The bank also bought 400 billion yen in two-month
+commercial bills to smooth out tight credit conditions in the
+interbank market today, the officials said.
+    The central bank was concerned about growing market
+expectations of higher interest rates, which were in part
+responsible for the recent plunge in stock and yen bond prices,
+the officials said.
+    But money traders said the market generally shrugged off
+the bank's CD operation because it was small and at a rate far
+below prevailing market rates. The rate on the key three-month
+CDs in the primary market was 4.08/00 pct, while the bank's bid
+was 3.75 pct, they said.
+    The bank's bill buying operation also had little impact
+because it was regarded as a routine operation, they said.
+    The money traders said they regarded the central bank's CD
+buying operation as simply a gesture to live up to Japan's
+pledge to guide interest rates lower and stimulate the economy.
+    "We did not expect the central bank to ease its credit grip
+any further," a bank manager said, adding that the prevailing
+market expectation of higher rates will remain.
+    "If this is the case, the three-month CD rate will stay
+above four pct for the time being," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7840" NEWID="19512">
+<DATE>29-JUN-1987 04:44:17.28</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0274&#31;reute
+b f BC-BANK-OF-JAPAN-TO-SELL   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 1,200 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>The Bank of Japan will tomorrow sell 1,200
+billion yen in bills from its holdings to help absorb a
+projected money market surplus of 2,100 billion, money market
+traders said.
+    Of the total, 800 billion yen will yield 3.6004 pct on
+sales from money houses to banks and securities houses in
+34-day repurchase agreements maturing on August 3.
+    The other 200 billion yen will yield 3.6003 pct in 43-day
+repurchase accords maturing on August 12.
+    The remaining 200 billion yen will yield 3.6503 pct in
+50-day repurchase agreements maturing on August 19.
+    The repurchase agreement yields compare with the 3.5625 pct
+one-month commercial bill discount rate today and 3.6250 pct on
+two-month bills.
+    They attributed the projected surplus mainly to 1,900
+billion yen of government tax allocations to local governments
+and public bodies.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7841" NEWID="19513">
+<DATE>29-JUN-1987 04:48:15.75</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0282&#31;reute
+f f BC-   06-29 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German June cost of living 0.2 pct above year-ago (May
+rise 0.2 pct) - official
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7842" NEWID="19514">
+<DATE>29-JUN-1987 04:48:35.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0283&#31;reute
+u f BC-SONY-TO-ISSUE-UNSECUR   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SONY TO ISSUE UNSECURED 75 BILLION YEN CONVERTIBLE</TITLE>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>Sony Corp &lt;SNE.T> will issue a 75 billion
+yen 15-year unsecured convertible bond through public placement
+mainly in Japan, a company spokesman said.
+    Co-lead managers are Nomura Securities Co Ltd &lt;NMSC.T>,
+Daiwa Securities Co Ltd &lt;DSEC.T>, Yamaichi Securities Co Ltd
+&lt;YSEC.T> and Nikko Securities Co Ltd &lt;NIKT.T>.
+    Coupon and conversion price for the par-priced bond
+maturing on September 30, 2002 will be set at its board meeting
+to be held in late July. Payment is due on August 17.
+    U.S. And Canadian residents are excluded from subscribing.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7843" NEWID="19515">
+<DATE>29-JUN-1987 04:49:17.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0284&#31;reute
+u f BC-RICOH-CO-LTD-&lt;RICT.T>   06-29 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RICOH CO LTD &lt;RICT.T> YEAR ENDED MARCH 31</TITLE>
+<DATELINE>    TOKYO, June 29 -
+    </DATELINE><BODY>Group shr 24.20 yen vs 37.42
+    Net 10.95 billion vs 15.46 billion
+    Pretax 25.25 billion vs 31.15 billion
+    Operating 28.39 billion vs 31.73 billion
+    Sales 592.37 billion vs 593.86 billion
+    NOTE - No forecast for current year
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7844" NEWID="19516">
+<DATE>29-JUN-1987 04:56:42.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0292&#31;reute
+u f BC-JAPAN-TO-HELP-U.S.-ON   06-29 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO HELP U.S. ON ANTI-SUBMARINE DEFENCES</TITLE>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>Japan has agreed to help the United States
+strengthen anti-submarine defences after illegal
+high-technology Japanese exports significantly damaged mutual
+security, U.S. Defence Secretary Caspar Weinberger said.
+    Weinberger told a press conference that exports of Japanese
+machines designed to make Soviet submarines quieter and harder
+to detect had been a serious blow. But he said he was
+encouraged by the punishment dealt to Toshiba Machine Co, a
+subsidiary of Toshiba Corp &lt;TSBA.T>, for the illegal exports,
+and by Prime Minister Yasuhiro Nakasone's assurances that
+action would be taken to keep it from happening again.
+    The government has barred Toshiba Machine from exporting to
+Communist countries for a year and said it intends to
+strengthen and expand its export control system.
+    Weinberger gave no details of the anti-submarine program.
+    In his talks with Japanese Defence Minister Yuko Kurihara,
+he said, he made a pitch for American companies seeking to
+build Japan's new fighter aircraft for the 1990's.
+    "I assured Minister Kurihara that I support his plans to
+increase Japanese air defence capabilites and that I believe
+American aircraft can do this," he said. The Japanese industry
+argues it should develop the fighter plane on its own.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7845" NEWID="19517">
+<DATE>29-JUN-1987 05:00:38.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0299&#31;reute
+u f BC-MAZDA-SIGNS-AUSTRALIA   06-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAZDA SIGNS AUSTRALIAN COAL IMPORT AGREEMENT</TITLE>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>Mazda Motor Corp &lt;MAZT.T> has signed an
+agreement to import coal from &lt;Coalex Pty Ltd> of Australia
+through Sumitomo Corp &lt;SUMT.T>, a Mazda spokesman said.
+    Under the agreement, Mazda will annually import 144,000
+tonnes of Australian coal worth about nine billion yen. The
+coal will be used as fuel for Mazda's energy centre, due to
+start operations in November at its main plant in Hiroshima in
+western Japan, he said.
+    He declined to specify the term of the contract, but added
+that such contracts are usually for long periods.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7846" NEWID="19518">
+<DATE>29-JUN-1987 05:00:46.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f0300&#31;reute
+r f BC-PARIS-SUGAR-OPEN-POSI   06-29 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARIS SUGAR OPEN POSITION - JUNE 29</TITLE>
+<DATELINE> - Position of june 26 -
+ </DATELINE><BODY>Aug 12414
+ Oct 13929
+ Dec 1403
+ Mar 2901
+ May 482
+ Aug 716
+ Total 31845
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7847" NEWID="19519">
+<DATE>29-JUN-1987 05:00:59.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0301&#31;reute
+u f BC-LUXEMBOURG-GOLD-FIXIN   06-29 0022</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LUXEMBOURG GOLD FIXING - JUNE 29
+ Standard bar 446.30 dlrs per oz (441.25 dlrs)
+ One kilo ingot 545,750 Lux francs (539,500 Lux francs)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7848" NEWID="19520">
+<DATE>29-JUN-1987 05:01:04.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0302&#31;reute
+b f BC-FRANKFURT-EXCHS-1100   06-29 0007</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+FRANKFURT EXCHS 1100 - JUNE 29 us 1.8270/80
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7849" NEWID="19521">
+<DATE>29-JUN-1987 05:01:32.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C M 
+&#22;&#22;&#1;f0303&#31;reute
+u f BC-ZURICH-GOLD-1100---JU   06-29 0020</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+ZURICH GOLD 1100 - JUNE 29 pool 444.50-447.50 (444.00-447.00 at
+opening) interbank 445.70-446.20 (445.50-446.00 at opening)
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7850" NEWID="19522">
+<DATE>29-JUN-1987 05:01:37.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f0304&#31;reute
+u f BC-PRS-PARIS-SUGAR-KERBS   06-29 0008</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS SUGAR KERBS - JUNE 29
+ 87 oct 1155/60/65P
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7851" NEWID="19523">
+<DATE>29-JUN-1987 05:02:33.15</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T RM 
+&#22;&#22;&#1;f0306&#31;reute
+b f BC-LONDON-DOLLAR-FLUCTUA   06-29 0027</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+LONDON DOLLAR FLUCTUATIONS 1000 - JUNE 29
+ STG 1.6013/23
+ DMK 1.8270/80
+ SFR 1.5170/80
+ DFL 2.0565/75
+ FFR 6.0950/1000
+ YEN 146.20/30
+ LIT 1324/1325
+ BFC 37.92/95
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7852" NEWID="19524">
+<DATE>29-JUN-1987 05:04:07.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f0308&#31;reute
+u f BC-PRS-PARIS-SUGAR-OPG--   06-29 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+PRS PARIS SUGAR OPG - JUNE 29
+ Aug 1130/1132 ba
+ Oct 1160/1165 ba with 1160P
+ Dec 1180/1190 ba
+ Mar 1222/1235 ba
+ May 1263/1280 ba
+ Aug 1295/1315 ba
+ Sales at call 22   accumulative total 71
+ Yesterday's official turnover: 171250
+ steady
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7853" NEWID="19525">
+<DATE>29-JUN-1987 05:04:23.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0309&#31;reute
+u f BC-THAI-MINISTER-SAYS-PR   06-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI MINISTER SAYS PREM MAY DISSOLVE PARLIAMENT</TITLE>
+<DATELINE>    BANGKOK, June 29 - </DATELINE><BODY>A split in the Thai government's main
+coalition party may prompt Prime Minister Prem Tinsulanonda to
+dissolve parliament soon, Interior Minister Prachuab
+Suntharangun said.
+    He told reporters that Prem was considering new elections
+because squabbling in the Democrat Party undermined government
+performance and held up legislation Prem wanted passed.
+    But Prem was reluctant to call new elections or reshuffle
+his cabinet because that too would be likely to result in a
+wobbly multi-party coalition, Prachuab said. He declined to say
+how soon parliament might be dissolved.
+    The Democrats, one of four parties in the ruling coalition,
+have been split ever since winning 100 of the parliament's 347
+seats in elections in July 1986.
+    The current coalition was formed last August and
+constitutes a hefty parliamentary majority. But the Democrats'
+inability to work well together or with their coalition
+partners has made the government vulnerable to the small but
+more cohesive opposition.
+    Parliament closed the first of its two annual sessions this
+month and is scheduled to reconvene in September.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7854" NEWID="19526">
+<DATE>29-JUN-1987 05:04:52.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>portugal</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0311&#31;reute
+b f BC-PORTUGAL-ISSUES-700-M   06-29 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PORTUGAL ISSUES 700 MLN FRENCH FRANC BOND</TITLE>
+<DATELINE>    PARIS, June 29 - </DATELINE><BODY>The Republic of Portugal is issuing a 700
+mln French franc variable-rate bond due July 1995 at 100.05
+pct, lead manager Credit Commercial de France said.
+    The issue of unsecured, unsubordinated debt will have a
+coupon based on three-month LIBOR plus 20 basis points. If on
+any interest date this is 25 pct or more above three-month
+Paris Interbank Offered Rates then the interest rate will be
+three-month PIBOR plus 30 basis points. Payment date is July
+24. There is a call at par at the end of the first year and
+thereafter on any interest payment date. Listing is Paris and
+denominations are of 10,000 and 100,000 francs.
+    Fees total 50 basis points, with 25 points for selling and
+25 for management and underwriting combined including a six
+basis points praecipuum.
+    The issue is rated A by Moody's.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7855" NEWID="19527">
+<DATE>29-JUN-1987 05:17:55.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0326&#31;reute
+u f BC-BHP-STEEL-SEES-BENEFI   06-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BHP STEEL SEES BENEFITS FROM INVESTMENT IN 1988</TITLE>
+<DATELINE>    MELBOURNE, June 29 - </DATELINE><BODY>The major benefits of BHP Steel
+International Group's big capital expenditure program should
+begin to be seen in its 1988 financial year ending next May 31,
+Broken Hill Pty Co Ltd &lt;BRKN.S> officials said.
+    A decline in BHP Steel's net profit to 200.02 mln dlrs in
+the 1987 year ended May 31, 1987, from 253.87 mln the year
+before, contributed to the drop in attributable group earnings
+to 820.27 mln dlrs from 988.20 mln.
+    "We look forward to a 1988 year of consolidation while
+continuing our strong business development initiatives," BHP
+Steel chief executive officer David Rice told reporters.
+    Rice said BHP Steel's capital spending in 1987 totalled 701
+mln dlrs, and that total expenditure would be about 1.4 billion
+dlrs by the time the government's five-year Steel Industry Plan
+expires at the end of calendar 1988.
+    He said the investment program, aimed at making BHP Steel
+both technically and commercially competitive on a world scale,
+was now over its peak and would begin to scale down.
+    Operational and commissioning problems flowing from the
+investment program, combined with the highest levels of
+industrial action since the steel plan started, had contributed
+to the decline in 1987 earnings, he said.
+    Rice said the industrial and production problems forced BHP
+Steel to import 280,000 tonnes of steel in its 1987 financial
+year to keep faith with customers.
+    The new items of plant are now past their initial teething
+problems and talks have intensified with the unions on the
+industrial troubles, he said.
+    Despite the profit drop in the 1987 year, BHP Steel
+International group was one of the most profitable steel
+producers in the world on an after-tax basis, he said.
+    Its capacity utilisation was far higher, at 89 pct, than
+the current western world average of 69 pct, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7856" NEWID="19528">
+<DATE>29-JUN-1987 05:37:18.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE><D>camdessus</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0355&#31;reute
+r f BC-IMF-MANAGING-DIRECTOR   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF MANAGING DIRECTOR HOLDS TALKS IN IVORY COAST</TITLE>
+<DATELINE>    ABIDJAN, June 29 - </DATELINE><BODY>IMF Managing Director Michel Camdessus
+paid a brief weekend visit to the Ivory Coast during which he
+discussed the country's economic difficulties with President
+Felix Houphouet-Boigny.
+    Camdessus said he wished his visit could have been in more
+pleasant circumstances in remarks reported by the official
+Ivorian daily Fraternite Matin.
+    He added that the extremely steep fall in agricultural
+commodity markets had dealt a harsh blow this year to the
+Ivorian economy and because of this the country was
+experiencing a growth problem and difficulties with its
+international debt.
+    Last month the Ivory Coast informed its creditors it had to
+suspend payments on its foreign debt, estimated at more than
+eight billion dlrs.
+    Camdessus said his agency had to study the problems of the
+Ivory Coast but a solution depended on a coordinated effort
+between the country itself, the commercial banks, other
+governments and international finance institutions.
+    He also disussed problems of developing countries in
+general with banking and government officials in Abidjan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7857" NEWID="19529">
+<DATE>29-JUN-1987 05:37:57.69</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uae</D><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0358&#31;reute
+u f BC-UAE-CENTRAL-BANK-CD-Y   06-29 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UAE CENTRAL BANK CD YIELDS UNCHANGED</TITLE>
+<DATELINE>    BAHRAIN, June 29 - </DATELINE><BODY>Yields on certificates of deposit (CDs)
+issued today by the United Arab Emirates central bank were
+unchanged from those on last Monday's offer, the bank said.
+    The one month yield was set at last week's 6-3/4 pct, while
+two and three month CDs also remained unchanged at 6-13/16 pct.
+The six month yield was set at seven pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7858" NEWID="19530">
+<DATE>29-JUN-1987 05:38:10.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>zimbabwe</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0359&#31;reute
+r f BC-ZIMBABWE-WAGE-FREEZE   06-29 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZIMBABWE WAGE FREEZE SHOWS ECONOMIC MALAISE</TITLE>
+<AUTHOR>    By Andrew Rusinga, Reuters</AUTHOR>
+<DATELINE>    HARARE, June 29 - </DATELINE><BODY>Zimbabwe's temporary freeze on salaries,
+wages and prices will give the economy a breather, but radical
+economic reforms are needed to resuscitate business and attract
+foreign investment, economists said.
+    They said the June 24 freeze on government, state company
+and private sector wages until January 1988 has postponed,
+rather than provided, solutions to Zimbabwe's economic
+problems.
+    They urged a review of the tax system, the introduction of
+investment incentives, a review of foreign exchange and price
+controls and a check on government expenditure.
+    These measures would aim to stimulate investment and create
+employment for the 100,000 school leavers annually seeking
+jobs.
+    The freeze, which Finance Minister Bernard Chidzero said
+would check production costs and reduce the budget deficit, has
+been partly welcomed by business but criticised by workers
+whose real purchasing power has been severely eroded since
+1980.
+    The government announced the freeze amid a worsening
+economic crisis caused by serious drought, a budget deficit of
+more than one billion Zimbabwean dlrs and an acute balance of
+payments problem owing to debt service costs, now 357 mln U.S.
+Dlrs on an external debt of two billion U.S. Dlrs.
+    The crisis has forced the country to make companies halve
+dividend remittances to overseas shareholders.
+    The Zimbabwe National Chamber of Commerce supported the
+freeze on wages and salaries but criticised the promised
+stricter control of prices of goods and services.
+    "If those companies whose costs of production increase are
+not allowed a price increase, profit margins will again be
+severely squeezed, and this would negate current government
+efforts to revitalise the economy," the chamber said.
+    The Zimbabwe Congress of Trade Unions said the freeze would
+worsen the plight of the lowest paid workers.
+    The union body has been campaigning for a minimum monthly
+wage of 277 Zimbabwean dlrs (165 U.S. Dlrs). The lowest paid
+now earn about 100 dollars (60 U.S. Dlrs).
+    "Inflation is hitting hardest those in the low income
+bracket which demands that any economic recovery programme
+should be biased in their favour," the union body said.
+    It added that the promised price freeze was "bolting the
+stable door when in fact the horse is gone" because prices of
+most basic commodities had already risen phenomenally.
+    Both unions and business hope that the freeze heralds a
+return to wage bargaining between workers and employers, rather
+than government-regulated pay awards.
+    Zimbabwe has, since 1980, set annual minimum wages for
+different sectors of the economy and awarded wage and salary
+increments on a sliding scale which gave higher increases to
+the lowest paid.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7859" NEWID="19531">
+<DATE>29-JUN-1987 05:39:34.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>eib</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0364&#31;reute
+r f BC-EIB-LENDS-200-MLN-FRA   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIB LENDS 200 MLN FRANCS TO FRENCH RAILWAYS</TITLE>
+<DATELINE>    LUXEMBOURG, June 29 - </DATELINE><BODY>The European Investment Bank (EIB)
+said it has lent 200 mln French francs to French railways
+Societe Nationale des Chemins de Fer (SNCF) to extend its high
+speed train system.
+    It said in a statement that the loan will help finance the
+contruction of a 279 km track for high speed "TGV" trains between
+Paris and Le Mans in western France and Tours in the south
+west. The loan will also help pay for new trains.
+    The EIB has already lent a total of 600 mln francs to SNCF
+for the high speed train system in 1985 and 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7860" NEWID="19532">
+<DATE>29-JUN-1987 05:43:41.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0371&#31;reute
+r f BC-BANKS-IN-SINGAPORE-SE   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS IN SINGAPORE SET TO INCREASE SECURITISATION</TITLE>
+<AUTHOR>    By Tay Liam Hwee, Reuters</AUTHOR>
+<DATELINE>    SINGAPORE, June 29 - </DATELINE><BODY>Banks in Singapore are planning to
+further expand their treasury, securities, equities and debt
+instruments activities in line with global financial markets,
+bankers and economists told Reuters.
+    "Banks are moving towards treasury activities because they
+see them as a vital link in global capital and foreign exchange
+markets," Clemente Escano, vice-president of Union Bank of
+Switzerland, said.
+    Central to that link is the Asian Dollar Market's pool of
+funds, with deposits estimated at 212 billion dlrs in March.
+    Banks are fond of booking and tapping offshore Asian Dollar
+Market funds here for a variety of reasons, including low
+taxes.
+    New impetus has come to this market with growth of 52
+billion dlrs in the year to March partly due to the
+liberalisation of financial markets in Japan leading to an
+increase in interbank activity, bankers said.
+    Despite the slowdown in traditional loan syndications in
+the region, the offshore market has continued to grow as banks
+rebundle and securitise their assets, creating new generations
+of tradeable debt instruments, bankers said.
+    Singapore's daily turnover in foreign exchange dealing has
+increased to 30 billion U.S. Dlrs in 1987 against 21 billion
+last year, according to Finance Minister Richard Hu.
+    Susumu Sakaguchi, manager of Dai-Ichi Kangyo Bank, said the
+22 Japanese banks in Singapore were expanding their foreign
+exchange departments, which accounted for at least 30 to 40 pct
+of total bank activities last year.
+    Sakaguchi said the liberalisation of the Toyko market
+stimulated Asian Dollar deposits and foreign exchange turnover
+and is leading to active Japanese futures trading on the
+Singapore International Monetary Exchange.
+    Robin Tomlin, managing director of Singapore International
+Merchant Bankers Ltd, said international merchant banks cluster
+in Singapore because of the tax incentives, presence of major
+players and shift in regional capital flows.
+    Tomlin pegged much of the future of the Singapore banking
+industry to securities and equities.
+    "In 1988 we should see an expansion of securities trading
+following the link-up" of the Stock Exchange of Singapore
+Dealing and Automated Quotation System (SESDAQ) with the London
+exchange and the National Association of Securities Dealers
+Automated Quotation System (NASDAQ), he said.
+    Equity and equity-linked issues have dominated the
+financial markets here to date because of buoyant domestic and
+international stock markets. Tomlin said privatisation
+programmes, both in Singapore and abroad, would encourage huge
+flows of capital through the banks.
+    Applications received for the 30 mln Singapore Airline
+shares offered last week were worth 601.1 mln Singapore dlrs.
+The share offer by Sembawang Maritime Ltd raked in a record 6.8
+billion Singapore dlrs in May this year.
+    Bankers said Singapore's privatisations and links with
+exchanges abroad showed its determined international stance.
+    Singapore's four major local banks have been venturing into
+stockbroking, the new government securities market and SESDAQ,
+competing successfully for business with the merchant banks.
+    Tomlin said merchant banks will continue to play an
+important role in the Singapore domestic capital markets but
+the modest size of the total market would limit the potential
+of new entrants.
+    Bankers said a total of 650 mln U.S. Dlrs was raised in the
+Singapore capital market last year and the volume of new issues
+would to grow in 1987.
+    Total lending by banks in Singapore fell by 1.04 billion
+dlrs in March 1987 compared with last year following the trend
+towards asset management services and other capital market
+activities.
+    Hans-Rudolf Schaub, the senior vice-president and manager
+of Swiss Bank Corp, said his bank has chosen Singapore as its
+Asian treasury centre because of favourable tax rules for
+offshore banks, political stability and economic growth.
+    He said the bank might set up a securities portfolio
+management service here in addition to its existing links in
+international money market services with Zurich and New York.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7861" NEWID="19533">
+<DATE>29-JUN-1987 05:51:54.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0389&#31;reute
+u f BC-PHILIPPINES-TO-SIGN-F   06-29 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES TO SIGN FORMAL DEBT ACCORD IN JULY</TITLE>
+<DATELINE>    MANILA, June 29 - </DATELINE><BODY>The Philippines and its foreign creditor
+banks will sign formal documents in mid-July to restructure
+part of its debt, the Central Bank said.
+    A spokesman told reporters the documents would formalise
+the agreement reached in March on the restructuring of 10.3
+billion dlrs, out of a total foreign debt of 28.2 billion.
+    The interest rate spread agreed was 7/8 of a percentage
+point over LIBOR. The spokesman gave no date for the signing.
+    Manila had demanded a renegotiation after Argentina won a
+13/16 of a percentage point spread, but it later dropped this
+demand.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7862" NEWID="19534">
+<DATE>29-JUN-1987 05:54:08.83</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T 
+&#22;&#22;&#1;f0392&#31;reute
+u f BC-EC-PRESIDENCY-PREPARE   06-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC PRESIDENCY PREPARED TO DROP OILS AND FATS TAX</TITLE>
+<DATELINE>    BRUSSELS, June 29 - </DATELINE><BODY>Belgium, current holder of the European
+Community presidency, appears ready to drop a controversial
+oils and fats tax from this year's hotly-contested farm price
+package, diplomats said.
+    In a discussion document prepared for today's summit
+meeting of EC leaders, Belgium proposed the so-called
+"stabilising mechanism" be the subject of "further study and
+consultation with the Community's main trading partners."
+    The proposal for a tax of as much as 330 Ecus per tonne on
+both imported and domestically-produced vegetable and marine
+oils and fats has attracted a storm of international criticism.
+    The discussion document, aimed at preventing a cash row at
+the summit and breaking the deadlock at this year's farm price
+talks, contained the first formal reference to dropping the
+measure.
+    Britain and Denmark, which assumes the EC presidency on
+June 30, have led the opposition to the measure. They are
+supported by West Germany and the Netherlands and, to a lesser
+extent, Spain.
+    Although the paper was not universally welcomed, diplomats
+said, the proposal to postpone consideration of the tax for a
+further six months was certain to survive any redrafting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7863" NEWID="19535">
+<DATE>29-JUN-1987 05:57:40.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0399&#31;reute
+u f BC-SAMSUNG-SEMICONDUCTOR   06-29 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAMSUNG SEMICONDUCTORS SIGNS FOR 22 MLN DLR LOAN</TITLE>
+<DATELINE>    HONG KONG, June 29 - </DATELINE><BODY>&lt;Samsung Semiconductors Inc>, the U.S.
+Subsidiary of South Korea's &lt;Samsung Semiconductors and
+Telecommunications Co Ltd>, has signed for a 22 mln U.S. Dlr
+loan, arranger LTCB Asia Ltd said.
+    The eight year loan has a four year grace period. Interest
+is set at 1/4 percentage point over London interbank offered
+rate for the first two years, rising to 3/8 point thereafter.
+Management fee is 1/2 pct flat including a 1/4 pct praecipium.
+    Participating in the loan, in addition to LTCB, are Credit
+Lyonnais, Daiwa Overseas Finance Ltd, Taiyo Kobe Finance
+Hongkong Ltd and Takugin International (Asia) Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7864" NEWID="19536">
+<DATE>29-JUN-1987 05:58:45.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0400&#31;reute
+r f BC-BAHRAIN-BANKS-WILL-RE   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAHRAIN BANKS WILL RETURN TO SIX DAY WEEK</TITLE>
+<DATELINE>    BAHRAIN, June 29 - </DATELINE><BODY>Bahrain's 19 commercial banks have been
+instructed by the Bahrain Monetary Agency (BMA) to return to a
+six day working week with effect from July 4.
+    A circular sent to the banks today reverses a shift in
+early April to a five day week and follows three months of
+controversy within the domestic banking sector over hours.
+    A BMA spokesman said the circular, which does not affect
+offshore banks, represented a "compromise solution" between
+differing views within the industry and was drawn up following
+the agency's own survey of banks, staff and customers.
+    In April the BMA allowed commercial banks to operate a five
+day week from Sunday to Thursday. Banks have since been closed
+on Fridays, the Islamic weekend, and Saturdays.
+    The new regulation will require banks to work from 7.30
+A.M. To 12 noon from Saturday to Thursday inclusive. Banks may
+open on these days during the afternoon between 3.30 and 5.30.
+    The regulations apply to bank opening hours, not to staff
+working hours, which continue to be decided by banks.
+    Under the five day week introduced in early April, banks
+have been obliged to open from 8 A.M. Until noon and from 3.30
+to 5.30 P.M.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7865" NEWID="19537">
+<DATE>29-JUN-1987 06:07:51.00</DATE>
+<TOPICS><D>money-fx</D><D>nkr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0409&#31;reute
+f f BC-NORWAY-CENTRAL-BANK-S   06-29 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> NORWAY CENTRAL BANK SELLS CROWNS TO EASE UPWARD PRESSURE
+ON CURRENCY - DEALERS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7866" NEWID="19538">
+<DATE>29-JUN-1987 06:08:13.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0410&#31;reute
+u f BC-BANK-OF-JAPAN-WORRIES   06-29 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN WORRIES ABOUT MARKET COLLAPSE</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>The Bank of Japan has become increasingly
+worried about a possible crash of high-flying financial
+markets, Bank of Japan sources said.
+    "We're afraid that someday the bubble will burst and that
+the deflationary impact on the economy will be very disastrous,"
+one source said.
+    They said the central bank has embarked on a delicate
+policy -- it wants to deflate the speculation that has pumped
+up prices sharply in recent months without bursting the bubble.
+    Stock prices plunged 393.31 points today, extending the
+sharp declines of earlier this month, as the market speculated
+that interest rates would rise.
+    The Bank of Japan bought 100 billion yen in certificates of
+deposit (CDs) via repurchase agreements today to show its
+determination to maintain an easy money policy, central bank
+officials said.
+    Today's CD buying operation was designed to reassure the
+market the Bank has not changed its policy, a senior central
+Bank official told Reuters.
+    "There is a possibility that a deflationary impact would
+permeate the economy if the prices of existing assets
+collapsed," the Bank of Japan said earlier this month in its
+annual economic report.
+    Such a possibility has been heightened by what the Bank
+sees as excessive speculation in stock, bond and land prices.
+    Over the last two years, the stock market average has
+doubled, driving price/earnings ratios to over 70, compared
+with about 15 on Wall Street. Bond yields have dropped sharply,
+while land prices in Tokyo have soared.
+    The excessive speculation means the markets are
+increasingly out of touch with economic reality and thus more
+vulnerable, one central bank source said.
+    A collapse now could rob businessmen and consumers of what
+little confidence they have in the economy after the
+yen-induced recession of the past year, private economists
+said.
+    Some hard-pressed exporters already make greater profits
+through financial dealings than from their basic businesses,
+they said.
+    "There seems to be an accelerated demand for money to
+support transactions in shares, bonds, land and other existing
+assets which has little bearing on value added and therefore on
+GNP," the Bank of Japan said in its report.
+    The increased inclination of investors to seek capital
+gains and the accompanying rise in prices of existing assets
+could have dangerous implications for the economy, it added.
+    In the Bank's view, a major reason behind skyrocketing
+prices was its own easy monetary policy and the belief in the
+market that interest rates were heading inexorably lower.
+    Mindful of the potential inflationary dangers posed by
+excessive liquidity, the Central Bank's board recently decided
+it had to spell out clearly to the markets that a further
+discount rate cut was not in the offing, one source said.
+    But the bank had to do that without tightening monetary
+policy and running the risk of a market collapse.
+    This was achieved partly by a rise in short-term interest
+rates, which Bank sources ascribed to seasonal pressures and to
+a change in market expectations.
+    While denying the bank was tightening monetary policy, a
+senior source welcomed the change in market expectations.
+    The source acknowledged the shift may have been caused
+partly by the decision to press commercial banks to limit
+lending in the July/September period. Faster than expected
+economic growth and a strong dollar also played a part.
+    In the longer run, the Central Bank is counting on a
+gradual upturn in the economy to draw liquidity from the
+financial markets into productive areas like capital spending,
+one Bank of Japan economist said.
+    But while it waits for that to occur over the next six
+months, it may have to avoid any overt tightening of monetary
+policy that could collapse the market and lead to recession.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7867" NEWID="19539">
+<DATE>29-JUN-1987 06:16:15.62</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0425&#31;reute
+r f BC-BANGLADESH'S-TRADE-GA   06-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH'S TRADE GAP TO WIDEN IN 1987/88</TITLE>
+<DATELINE>    DHAKA, June 28 - </DATELINE><BODY>Bangladesh's trade gap is expected to
+widen in fiscal 1987/88 beginning on July 1 after the
+government relaxed restrictions on some imports including
+luxury cars.
+    The country has set its export target for the year at 1.1
+billion U.S. Dlrs against imports of 1.805 billion dlrs,
+compared with 1986/7's one billion dlrs of export earnings and
+1.113 billion dlrs of imports.
+    Commerce Minister Mohammad Abdul Munim said the changes
+were aimed at encouraging export oriented industries to boost
+foreign exchange earnings and imports of essential machinery
+and raw materials, to increase industrial production.
+    The government was easing procedures to enhance incentives
+especially for exporters of textiles and frozen food and
+importers of industrial machinery and raw materials, Munim told
+reporters.
+    Commerce Ministry officials told Reuters the import policy
+covered only commercial imports amounting to 1.805 billion
+dlrs. Imports of capital machinery and foodgrains by the
+government were not included in the policy, they added.
+    They said the country's total import bill (both commercial
+and other imports) was expected to reach 2.7 billion dlrs in
+the new year compared with 2.4 billion dlrs in 1986/87.
+    The minister said ending restrictions on imports of cars
+and dropping 50 pct sales tax on small cars would not harm the
+economy.
+    Munim said Bangladesh feared a further drop in prices for
+its main export jute, "which will certainly affect our export
+earnings" in the coming year.
+    Bangladesh's jute exports fell to 410 mln dlrs from 500 mln
+in 1986/87, according official figures.
+    But Munim said exports of non-traditional items, which
+accounted for over 40 pct of total exports this year, would
+play a key role in achieving the 1987/88 export target.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7868" NEWID="19540">
+<DATE>29-JUN-1987 06:20:29.45</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>china</D><D>south-korea</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M C 
+&#22;&#22;&#1;f0433&#31;reute
+u f BC-CHINA-ALUMINIUM-VENTU   06-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA ALUMINIUM VENTURE AIMS AT SOUTH KOREA</TITLE>
+<DATELINE>    PEKING, June 29 - </DATELINE><BODY>China and Australia's Victoria state
+signed a joint venture contract for a 290 mln dlr aluminium
+processing plant in China that will export to South Korea,
+Australian officials told journalists.
+    China has no official direct trade or government ties with
+Seoul, while it maintains close links with North Korea.
+    China International Trust and Investment Corporation
+(CITIC) would have 75 pct of the equity in &lt;Bohai Aluminium
+Industries Ltd>, the company to build the rolling mill and
+extrusion plant on the northeast China coast, they said.
+    It was China's largest joint venture so far, they said.
+    "A joint venture opens up the potential for penetrating
+markets that would not otherwise be possible (for China),"
+Victoria state treasurer Rob Jolly said.
+    An Australian diplomat said CITIC was eager to pursue South
+Korean markets. Indirect trade between China and Seoul is
+growing but is not officially publicised.
+    Victoria's &lt;Aluvic Ltd>, on behalf of the state government,
+will hold a 25 pct equity stake in the project, which is
+intended as a sister plant to Victoria's Portland aluminium
+smelter. CITIC in May agreed to invest about 80 mln dlrs in
+Portland.
+    The China-based joint venture would process Portland
+aluminium and aim to sell aluminium products to the domestic
+Chinese market as well as for export, Jolly said.
+    The Australian side's investment was limited to about 22
+mln dlrs, but Aluvic would have the right to appoint key
+managers, he said.
+    Australian officials said they hoped the goodwill generated
+by their participation would lead to further CITIC investment
+in Victoria. The Chinese group enjoys a high level of
+independence from Peking's central government and has extensive
+overseas investments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7869" NEWID="19541">
+<DATE>29-JUN-1987 06:20:58.62</DATE>
+<TOPICS><D>money-fx</D><D>nkr</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0434&#31;reute
+b f BC-NORWAY-CENTRAL-BANK-S   06-29 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY CENTRAL BANK SELLS CROWNS TO EASE PRESSURE</TITLE>
+<DATELINE>    OSLO, June 29 - </DATELINE><BODY>Norway's central bank sold crowns in the
+open market in a bid to ease strong upward pressure on the
+currency, which threatens to rise above set levels in a basket
+of currencies, dealers said.
+    The central bank declined comment, but dealers noted the
+bank had also intervened and sold small amounts of crowns on
+Friday. The bank is committed to defending the crown at certain
+levels in a basket of 14 trade-weighted currencies.
+    "They've been in again this morning, selling piecemeal
+whenever they think necessary," a senior dealer at an Oslo bank,
+who declined to be identified, told Reuters.
+    The crown's index is currently around 109.60 in the basket
+-- close to its upper limit of 109.50 which the central bank is
+committed to defending.
+    A low index figure indicates a high value for the crown.
+The limit at the other end of the scale is set at 114.50.
+    The crown has been bolstered by high Norwegian interest
+rates, currently around 16 pct in the money market, and better
+than expected economic indicators which showed a sharply
+reduced foreign trade deficit in May and inflation stabilising
+around the current annual rate of 10 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7870" NEWID="19542">
+<DATE>29-JUN-1987 06:23:33.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0439&#31;reute
+u f BC-UNITED-MERCHANT-FINAN   06-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED MERCHANT FINANCE PLANS 200 MLN H.K. DLR CDS</TITLE>
+<DATELINE>    HONG KONG, June 29 - </DATELINE><BODY>United Merchant Finance Ltd, a joint
+venture between Barclays Plc and Jardine Matheson Holdings Ltd,
+is planning a 200 mln H.K. Dlr certificate of deposit issue,
+banking sources said.
+    The five year issue, with both put and call options at the
+end of the third and fourth years, carries interest at 1/4
+percentage point over Hong Kong interbank offered rate payable
+quarterly. The management fee is 25 basis points.
+    Jardine Fleming and Co Ltd is lead manager. Co-managers are
+Barclays, Baring Brothers Asia Ltd, East Asia Warburg Ltd,
+Indosuez Asia Ltd and Mitsubishi Finance (Hong Kong) Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7871" NEWID="19543">
+<DATE>29-JUN-1987 06:26:47.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0443&#31;reute
+u f BC-HIGHER-REVENUES-DEAL   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGHER REVENUES DEAL BLOW TO JAPAN TAX REFORM PLAN</TITLE>
+<AUTHOR>    By Rich Miller, Reuters</AUTHOR>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>Prime Minister Yasuhiro Nakasone's
+diminishing hopes of overhauling the tax system have been dealt
+a serious blow by reports of sharply higher than expected tax
+revenues in 1986/87, government officials said.
+    Nakasone has argued that the tax system must be reformed to
+provide the revenue for more than 1,000 billion yen of tax cuts
+promised in the government's emergency economic package last
+month. But his argument has been undercut by reports that the
+1986/87 tax take was as much as 2,500 billion yen more than
+expected.
+    That means the government should have more than enough
+money in the fiscal year ending next March to pay for the
+planned tax cuts without having recourse to the unpopular tax
+measures proposed by Nakasone, one official said.
+    The Prime Minister has proposed an indirect tax and the
+abolition of tax breaks on small savings as ways of raising
+revenue to offset the tax cuts.
+    But stiff opposition has forced him to shelve the idea of
+an indirect tax, at least for the time being. He still hopes to
+gain parliamentary approval next month to abolish tax breaks on
+small savings.
+    The higher than expected revenues in 1986/87 partly stemmed
+from increased receipts from land and securities taxes, as
+prices of both shares and land soared, one official said.
+    But corporate tax revenues have also been more buoyant than
+expected, perhaps indicating the recession of the last year
+induced by the strong yen was not as bad as thought, he said.
+    The final figures for 1986/87 revenues are due to be
+released by the Finance Ministry on July 1.
+    The higher revenues last fiscal year have also undercut
+attempts by the Finance Ministry's budget bureau to reduce
+investment spending by government departments in the 1988/89
+budget, several officials said.
+    A budget bureau official said the bureau still wanted to
+stick with its so-called "minus-ceiling" policy, which calls for
+government departments to reduce investment spending by five
+pct a year.
+    But he acknowledged this would be difficult, given the
+sharp increase in revenues last fiscal year and heavy domestic
+and U.S. Pressure on the ministry to stimulate the economy.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7872" NEWID="19544">
+<DATE>29-JUN-1987 06:27:31.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0447&#31;reute
+u f BC-VW-SUFFERS-IMAGE-LOSS   06-29 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW SUFFERS IMAGE LOSS IN WAKE OF CURRENCY SCANDAL</TITLE>
+<AUTHOR>    By Anthony Williams, Reuters</AUTHOR>
+<DATELINE>    BONN, June 29 - </DATELINE><BODY>Share analysts and commentators say
+Volkswagen AG &lt;VOWG.F> has suffered an enormous loss of face
+from which it could take time to recover over its 473 mln mark
+currency swindle.
+    An auditors' report on the affair, prepared in time for
+this week's annual shareholders' meeting, largely cleared the
+management of Volkswagen of blame.
+    But "mud sticks," said Gavin Launder, an analyst with
+Scrimgeour Vickers in London.
+    (See index on ECRA)
+    The financial daily, Boersenzeitung, wrote in a commentary:
+"More devastating than the losses linked to the currency scandal
+is the resulting loss of image for the company."
+    VW had to make provisions of 473 mln marks to cover losses
+from unauthorised foreign exchange deals which the auditors,
+Deutsche Treuhand-Gesellschaft, said highlighted major gaps in
+the supervisory apparatus of the firm's financial department.
+    The auditors' report highlighted failings in VW's
+controlling system, especially in relation to a 385 mln mark
+deal with the Hungarian National Bank, but shed little light on
+why they were made. 
+    It said the contracts did not benefit VW and were only
+advantageous to its banks. It did not detail how the foreign
+exchange dealers may have profitted.
+    It concluded: "The nature, scope and technical construction
+of the deals ... Suggest a targeted and professionally executed
+manipulation to the detriment of VW."
+    The head of the finance department, Rolf Selowsky, resigned
+days after the scandal broke in March. He is not accused of any
+wrongdoing, but auditors concluded he had "not applied the
+necessary diligence in all instances."
+    Two former VW foreign exchange dealers have been arrested.
+    But even VW admits that the report, published last week,
+revealed important company failings.
+    Peter Frerk, who has temporarily taken over Selowsky's
+reponsibilities, said the findings were "not a first class
+acquittal." The currency swindle was a "lamentable event for our
+company," he told journalists.
+    The auditors said the remaining members of VW's management
+board and supervisory board had correctly fulfilled their
+obligations, a verdict which almost certainly means that major
+West German banks, who vote on behalf of large numbers of
+shareholders, will ratify both boards at the July 2 meeting.
+    Many market analysts, especially in London, do not believe
+a sharp rise in VW's share price last week reflects a major
+reassessment of the firm on the basis of the auditors' report.
+    The stock closed at 430 marks on Friday, up 11 pct from a
+week earlier. Dealers referrred to short-term bargain-hunting,
+and one London broker said "I'm not sure it's much of a bargain."
+Most brokers said they would not recommend clients to buy at
+these levels.
+    Analysts believe VW will do well to match its 1986 group
+net profit of 582 mln marks this year, and one broker in London
+said the company would be lucky to report profits only 15 pct
+down.
+    VW is expected to fare very well both in its home market
+and in Europe. But sales have fallen sharply in the U.S and
+Brazil, where the latest price freeze could exacerbate results
+even further.
+    The company hopes to benefit in the long term from its
+takeover of the Spanish company SEAT, but this subsidiary is
+still producing losses.
+    VW has also just announced a deal to build light pick-up
+trucks with Toyota Motor Corp &lt;TOYO.T> at an under-utilised
+plant in Hanover, but analysts noted production here was only
+expected to take off fully in 1990.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7873" NEWID="19545">
+<DATE>29-JUN-1987 06:31:04.77</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0459&#31;reute
+f f BC-BANK-OF-FRANCE-CUTS-I   06-29 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF FRANCE CUTS INTERVENTION RATE TO 7-1/2 PCT FROM
+7-3/4 PCT - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7874" NEWID="19546">
+<DATE>29-JUN-1987 06:31:27.43</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0460&#31;reute
+r f BC-EC,-U.S.-REMAIN-DIVID   06-29 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC, U.S. REMAIN DIVIDED OVER PASTA DISPUTE</TITLE>
+<DATELINE>    BRUSSELS, June 29 - </DATELINE><BODY>Top-level talks last week between the
+European Community (EC) and the United States failed to resolve
+a dispute over pasta which may provoke new trade frictions next
+month, diplomatic sources said.
+    The U.S. Insists the EC complies with what it regards as an
+unambiguous ruling from the world trade body GATT and
+dismantles an export subsidy system which has led to Italy
+taking an increasing share of the U.S. Pasta market.
+    The sources said the EC, which currently provides subsidies
+of around 16 cents a pound, offered a compromise in last week's
+talks in Brussels but that this was rejected by the U.S.
+    U.S. Assistant Special Trade Representative Jim Murphy has
+returned to Washington ahead of a theoretical July 1 deadline
+for agreement, set last August when the two sides resolved a
+related dispute over EC restrictions on U.S. Citrus imports.
+    The diplomatic sources said the citrus issue could be
+reopened if the pasta dispute was not solved quickly. It was
+also possible the U.S. Would reimpose a 40 pct tariff on EC
+pasta, lifted when the citrus row was settled.
+    But the two sides may agree to extend the deadline for a
+few days as EC Commissioners Willy de Clercq and Frans
+Andriessen are due to visit Washington from July 7 to 10.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7875" NEWID="19547">
+<DATE>29-JUN-1987 06:34:53.80</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0471&#31;reute
+f f BC-BANK-OF-FRANCE-CUTS-S   06-29 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF FRANCE CUTS SEVEN-DAY REPURCHASE RATE TO EIGHT
+PCT FROM 8-1/4 PCT - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7876" NEWID="19548">
+<DATE>29-JUN-1987 06:38:24.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0477&#31;reute
+u f BC-TERMS-SET-ON-NICHIREI   06-29 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TERMS SET ON NICHIREI FIVE YEAR WARRANT BOND</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>The coupon on the 100 mln dlr, five year,
+equity warrant eurobond for Nicherei Corp has been set at the
+indicated 1-3/8 pct, lead manager Nikko Securities Co (Europe)
+Ltd said.
+    The exercise price was set at 974 yen per share
+representing a premium of 2.53 pct over today's closing price
+in Tokyo. The foreign exchange rate was set at 147.45 yen to
+the dollar.
+    A 50 mln dlr, seven year, deal for Nichirei will be priced
+later this morning by lead manager Yamaichi International
+(Europe) Ltd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7877" NEWID="19549">
+<DATE>29-JUN-1987 06:39:13.28</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>oilseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>poland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0478&#31;reute
+r f BC-POLISH-FARM-PRICES-AN   06-29 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLISH FARM PRICES AND COSTS TO RISE FROM JULY</TITLE>
+<DATELINE>    WARSAW, June 29 - </DATELINE><BODY>Polish farmers will receive price rises
+ranging from 13.4 pct for some crops to 23.3 pct for meat from
+July 1, the Finance and Agriculture ministries said.
+    The state procurement price for rape will rise 13.4 pct to
+5,500 zloties per quintal, while wheat and rye will go up an
+average 18.2 pct to 3,100 and 2,400 zloties per quintal. Pork
+will rise by 18.8 pct and beef 23.3 pct.
+    The ministries said the new prices aimed to ensure farmers'
+profits and meet higher living costs. But at the same time they
+said fertilisers would rise by an average 50 pct, animal feeds
+by 38 pct and tractors by 25 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7878" NEWID="19550">
+<DATE>29-JUN-1987 06:40:48.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0482&#31;reute
+f f BC-Degussa-plans-one-for   06-29 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Degussa plans one-for-five rights issue at 225 marks a
+share
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7879" NEWID="19551">
+<DATE>29-JUN-1987 06:43:27.07</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T 
+&#22;&#22;&#1;f0487&#31;reute
+b f BC-EC-FARM-MINISTERS-TO   06-29 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FARM MINISTERS TO MEET TOMORROW AFTER SUMMIT</TITLE>
+<DATELINE>    BRUSSELS, June 29 - </DATELINE><BODY>European Community agriculture
+ministers will meet tomorrow evening, after the end of a
+two-day summit meeting of heads of government, to again attempt
+to agree a 1987/88 farm price package, an EC Commission
+spokesman said.
+    He added that tomorrow's EC Official Journal will contain
+notice of special agricultural measures of a purely technical
+nature which will come into effect on July 1 unless the
+ministers reach an accord.
+    The spokesman declined to detail these special measures but
+said they would not be the sort of "dynamic" moves which EC Farm
+Commissioner Frans Andriessen has said he would take in the
+case of complete deadlock among farm ministers.
+    These moves would be taken only if tomorrow's meeting of
+ministers in Brussels again fails to reach an accord, EC
+sources said.
+    Andriessen is thought to be prepared to cut cereals prices
+by seven pct and to take other drastic action, trade sources
+said.
+    EC farm ministers ended their last meeting on June 18 still
+split over the Commission's proposal for a tax on vegetable and
+marine oils and fats.
+    In addition, West Germany said it would veto plans for
+cereal price cuts and for a change in the green currency
+system.
+    Earlier today, diplomats said Belgium, the current holder
+of the European Community presidency, appears ready to drop the
+plans for the controversial oils and fats tax.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7880" NEWID="19552">
+<DATE>29-JUN-1987 06:44:39.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0489&#31;reute
+b f BC-LAND-SECURITIES-ISSUE   06-29 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAND SECURITIES ISSUES 75 MLN STG CONVERTIBLE BOND</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>Land Securities Plc &lt;LAND.L> is issuing a
+75 mln stg convertible eurobond due December 31, 2002 with an
+indicated coupon of 6-3/4 to seven pct and par pricing, lead
+manager J. Henry Schroder Wagg Ltd said.
+    The issue is callable at 106 pct declining by one pct per
+annum to par thereafter but is not callable until 1992 unless
+the share price exceeds the conversion price by 130 pct.
+    The selling concession is 1-1/2 pct while management and
+underwriting each pays 1/2 pct. Final terms will be set on, or
+before, July 8, and the expected conversion premium is 13 to 18
+pct. The payment date is July 30.
+    The issue is available in denominations of 1,000 stg and
+will be listed in London.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7881" NEWID="19553">
+<DATE>29-JUN-1987 07:02:31.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0507&#31;reute
+b f BC-DEGUSSA-PLANS-ONE-FOR   06-29 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEGUSSA PLANS ONE-FOR-FIVE RIGHTS ISSUE</TITLE>
+<DATELINE>    FRANKFURT, June 29 - </DATELINE><BODY>Degussa AG &lt;DGSG.F> said it planned a
+one-for-five rights issue at 225 marks per share, raising
+nominal share capital by 61 mln marks, by the end of its
+current business year ending September 30.
+    The company said in a statement it would also raise nominal
+share capital by 20 mln marks in a share swap as part of its
+planned takeover of French medicine group &lt;Laboratoires Sarget
+SA>.
+    The two capital measures will raise Degussa nominal share
+capital to 365 mln marks.
+    Degussa said last week it intended to buy 100 pct of the
+capital of the medical pharmaceuticals group Sarget, based in
+Merignac near Bordeaux.
+    Sarget had 1986 sales in France, Belgium, the Netherlands,
+Spain, Portugal and Italy of 730 mln French francs.
+    Degussa has not said how much it would pay for Sarget, but
+20 mln marks nominal of 50-mark shares, at today's Frankfurt
+opening price of 494.70 marks, would be worth nearly 198 mln
+marks.
+    A 61 mln mark nominal capital increase at 225 marks would
+raise 274.5 mln marks.
+    Degussa said the 20 mln mark nominal capital increase would
+take the form of an issue of shares for a non-cash
+consideration. The April 10 annual meeting agreed that there
+would be no rights issue on this capital, which was already
+authorized but unissued.
+    The rights issue involving the 61 mln mark nominal capital
+increase will be led by Dresdner Bank AG. Following that
+capital increase, Degussa would be left with 19 mln marks of
+authorized but unissued capital, a Degussa spokesman said.
+    Part of the 274.5 mln marks from the rights issue would
+also be used for the Serget acquisition, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7882" NEWID="19554">
+<DATE>29-JUN-1987 07:03:39.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0510&#31;reute
+u f BC-RICOH-SEES-GROUP-NET   06-29 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RICOH SEES GROUP NET LITTLE CHANGED IN 1987/88</TITLE>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>Ricoh Co Ltd &lt;RICT.T> has predicted group
+net profit of 11 billion yen in the year ending March 31, 1988,
+up 0.5 pct from a year earlier, assuming a yen/dollar rate of
+140 yen, a company spokesman said.
+    Sales in 1987/88 are expected to rise 6.4 pct from a year
+earlier to 630 billion yen, on an increase in overseas
+production and an improvement in its domestic sales network.
+    The company earlier reported group net profit of 10.95
+billion yen in 1986/87, down 29.2 pct from a year earlier.
+Sales were 0.3 pct down at 592.37 billion, due to reduced
+exports caused by the yen's appreciation against the dollar.
+    Ricoh's exports, accounting for 34.2 pct of total sales
+against 39.6 pct a year earlier, fell 13.8 pct from a year
+earlier to 202.83 billion yen in 1986/87, while domestic sales
+rose 8.7 pct to 389.55 billion.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7883" NEWID="19555">
+<DATE>29-JUN-1987 07:05:48.06</DATE>
+<TOPICS><D>trade</D><D>livestock</D><D>hog</D></TOPICS>
+<PLACES><D>denmark</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G L 
+&#22;&#22;&#1;f0514&#31;reute
+r f BC-CANADA-THREATENS-BAN   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA THREATENS BAN ON DANISH PIGMEAT IMPORTS</TITLE>
+<DATELINE>    COPENHAGEN, June 29 - </DATELINE><BODY>Canada has threatened to stop imports
+of Danish pigmeat from July 14 after Canadian veterinary
+inspectors approved only two of 33 slaughterhouses, a Danish
+agriculture ministry official told Reuters.
+    The Canadians postponed the original July 1 deadline at the
+request of the European Commission, which Denmark approached
+for support.
+    Danish Foreign Minister Uffe Ellemann-Jensen said in an
+interview with the daily Berlingske Tidende: "Denmark will not
+accept a ban on Danish meat exports, and I am sure we can reach
+an understanding with the Canadians with the help of the EC."
+    Danish pigmeat exports to Canada were worth 106 mln crowns
+in 1986, while Canadian exports to the European Community
+totalled about 6.5 billion U.S. Dlrs.
+    Some Danish slaughterhouse officials expressed suspicion
+that the Canadian action was in response to tightening up by EC
+veterinary inspectors on Canadian food exports to the EC.
+    But an official at the Canadian embassy in Copenhagen said
+the inspection of Danish slaughterhouses was based on EC
+regulations. "Canadian officials are very concerned about the
+trade implications. We are holding active discussions with the
+EC and bilaterally," she added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7884" NEWID="19556">
+<DATE>29-JUN-1987 07:08:08.12</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f0520&#31;reute
+b f BC-EXTRACTS-FROM-OPEC-CO   06-29 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXTRACTS FROM OPEC COMMUNIQUE</TITLE>
+<DATELINE>    VIENNA, June 29 - </DATELINE><BODY>Following are extracts from the
+communique issued at the conclusion of the OPEC conference
+here.
+    "The conference expressed satisfaction about the positive
+results of the agreement signed in December, 1986, by which
+OPEC re-established the system of fixed price at a level of 18
+dlrs per barrel supported by OPEC production ceilings
+distributed into national production levels.
+    "The conference noted that all market indicators, including
+spot prices in the market and netback values of all OPEC
+crudes, have been firming up significantly, thus consolidating
+the OPEC price structure as defined by the agreement."
+    "The conference examined the supply/demand outlook for the
+second half of the year and decided that in order to secure
+continued firm prices in the market, OPEC production during the
+fourth quarter of 1987 will be equal to that of the third
+quarter, I.E. 16.6 mln barrels per day (bpd), distributed into
+the same national production levels as were defined by the
+above-mentioned agreement for that quarter."
+    "Furthermore, the conference decided to establish a
+committee of five heads of delegation to monitor the price
+evolution in the market in relation to the OPEC official prices
+in order to secure price stability around the opec price
+structure.
+    "Should there be any significant change in market prices,
+the committee would immediately call for an extraordinary
+meeting of the conference with a view to deciding on the
+necessary OPEC production levels during the second half of the
+year, which would secure the desired market stability."
+    "The conference reiterated the necessity of member
+countries' strict adherence to the agreement signed in December
+1986, both in terms of official price, and national production,
+levels.
+    "For this purpose, the conference decided to establish a
+committee of three heads of delegation to undertake visits to
+member countries in order to motivate them to comply with the
+terms of the agreement."
+
+    "Moreover, the conference stressed the necessity of the
+cooperation of the oil-producing exporting countries outside
+OPEC as an essential prerequisite for a lasting market
+stability.
+    The conference, therefore, decided to reinstate the group
+of five heads of delegation established by the 77th
+(extraordinary) meeting of the conference in April, 1986 to
+undertake the necessary contacts with those countries.
+    "The conference observed the continued fall in the value of
+the U.S. Dollar and agreed that the matter should be studied
+and reported to the next meeting of the conference."
+
+    "The conference discussed the appointment of the secretary
+general and decided to discuss the matter again in its next
+ordinary meeting.
+    "The conference extended the term of office of Fadhil
+al-Chalabi as deputy secretary general for a period of one year
+from October 7, 1987.
+    "The next ordinary meeting of the conference will be
+convened in Vienna on December 9, 1987."
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7885" NEWID="19557">
+<DATE>29-JUN-1987 07:10:44.32</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0531&#31;reute
+u f BC-POEHL-SPEAKS-AGAINST   06-29 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POEHL SPEAKS AGAINST GERMAN INTEREST RATE CUT</TITLE>
+<DATELINE>    BONN, June 29 - </DATELINE><BODY>Bundesbank President Karl Otto Poehl said
+West Germany would be badly advised to lower interest rates and
+that he believed the economy would continue to recover after a
+six-month lull.
+    Asked by the newspaper Bild am Sonntag if lower interest
+rates could boost the domestic economy, Poehl said: "We would be
+badly advised if we forced further interest rate cuts.
+    "This could, under certain circumstances, release new
+inflationary fears which would then be more likely to lead to
+higher interest rates," he added.
+
+    Poehl said Germany had practically no growth in the past
+six months because of the mark's surge and the cold winter.
+    "But since April, statistics clearly show that the economy
+finds itself on a course of growth," he said. "I expect this
+development to continue in the coming months."
+    Asked about his expectations of a U.S.-European Community
+trade war, Poehl said such an event would be disastrous.
+    "For this reason we in Europe must avoid everything used by
+protectionist forces in the U.S. As pretexts," he added. "This
+includes...Eliminating existing restrictions in the EC as far
+as possible. Protectionism is not found only in the U.S."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7886" NEWID="19558">
+<DATE>29-JUN-1987 07:11:42.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>argentina</D><D>usa</D></PLACES>
+<PEOPLE><D>sourrouille</D></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0534&#31;reute
+u f BC-ARGENTINE-MINISTER-TO   06-29 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINE MINISTER TO SEEK RELEASE OF LOANS</TITLE>
+<DATELINE>    BUENOS AIRES, June 29 - </DATELINE><BODY>Argentine Economy Minister Juan
+Sourrouille left at the weekend for the United States for talks
+with creditor banks and the IMF aimed at obtaining the release
+of new loans, the semi-official news agency Telam said.
+    It said Sourrouille would urge the IMF to release a 480 mln
+dlrs compensatory loan for falling exports as well as the first
+two tranches of a standby loan, totalling 450 mln dlrs.
+    Release of the funds from the standby loan has been delayed
+by Argentina's failure to win final approval to a 1.95 billion
+dlr loan from creditor banks, which was a condition for the IMF
+disbursement.
+    Banks have pledged 97 pct of the 1.95 billion dlr loan but
+the IMF has not yet defined what amount constitutes the
+"critical mass," which is needed for release of the IMF funds and
+the funds from creditor banks.
+    The president of Argentina's bank steering committee,
+William Rhodes of Citibank, said on Friday he thought the loan
+agreement with Argentina could be signed in August.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7887" NEWID="19559">
+<DATE>29-JUN-1987 07:12:17.89</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>austria</D><D>kuwait</D><D>iraq</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f0536&#31;reute
+u f BC-KUWAIT-SEES-OPEC-OUTP   06-29 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT SEES OPEC OUTPUT OVER CEILING TO END-YEAR</TITLE>
+<DATELINE>    VIENNA, June 29 - </DATELINE><BODY>OPEC output for the second half of 1987,
+including that of Iraq, will be above the official 16.6 mln
+barrels per day (bpd) output ceiling agreed by OPEC Saturday,
+Kuwait oil minister Sheikh Ali al-Khalifa al-Sabah, said.
+    Iraq refused to sign the pact, by which OPEC maintained its
+ceiling at 16.6 mln bpd for both the third and fourth quarters
+of 1987. In December, OPEC set a provisional fourth quarter
+level of 18.3 mln bpd, now cut back to the third quarter
+target.
+    Ali told a news conference that including Iraq, "OPEC third
+quarter output will be between 17.5 and 17.7 mln bpd while
+fourth quarter output will be nearly 18 mln bpd"
+    Ali did not detail what effect he thought these production
+levels would have on prices.
+    Iraq has an official first half quota of 1.466 mln bpd,
+rising to 1.54 mln in the second half, but has refused to
+adhere to it and has recently been producing around two mln
+barrels per day, exporting it through pipelines to Saudi Arabia
+and Turkey. Iraq's export capacity will be further boosted when
+a 500,000 bpd oil pipeline via Turkey comes on stream in about
+September.
+    Iraq has been insisting on a quota equal to its Gulf War
+enemy Iran, which has a quota of 2.255 mln bpd, rising to 2.369
+mln in the second half.
+    Ali said the position of the 400,000 bpd production from
+the Neutral Zone between Saudi Arabia and Kuwait, which has
+been supplied to Iraq as war relief crude, was fixed. "We will
+not discuss it. There will not be any change," he said.
+    Ali said the conference, which began Thursday and ended
+Saturday evening, had been too short for all necessary problems
+to be adressed. "We are overdoing it in holding too short a
+meeting. We sweep a lot under the carpet," he said.
+    Ali said the problem of price differentials between the
+prices of various OPEC crudes had not been dealt with properly
+at the meeting.
+
+    Ali said "The problem of differentials is a real one. I
+would hate to be producing today a light crude and that problem
+has not been dealt with properly. Light crudes are overpriced
+relative to heavy crudes."
+    Asked if the issue of differentials would be raised at the
+next OPEC meeting to be held in Vienna on December 9, Ali said
+"If my crudes are affected I will raise the issue, I will not do
+the work of another minister."
+    Kuwait's own crudes range from medium to heavy grades.
+    OPEC reintroduced fixed prices on February 1, with a spread
+of 2.65 dlrs a barrel between its lightest and heaviest crudes.
+       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7888" NEWID="19560">
+<DATE>29-JUN-1987 07:12:55.33</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iraq</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0542&#31;reute
+u f BC-IRAQ-REJECTS-NEW-OPEC   06-29 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAQ REJECTS NEW OPEC OIL QUOTA</TITLE>
+<DATELINE>    BAGHDAD, June 29 - </DATELINE><BODY>Iraq has rejected its new OPEC
+production quota set in Vienna for the second half of this
+year, the official Iraqi news agency INA reported.
+    It quoted Oil Minister Issam Abdul-Rahim al-Chalabi, who
+returned Sunday, as saying "Iraq will continue to adhere to its
+position considering itself as not included in the agreement."
+
+    Last December, Iraq rejected its assigned first half 1987
+quota of 1.466 mln bpd and demanded a share equal to the 2.255
+mln bpd quota set for Iran, its enemy in the nearly
+seven-year-old Gulf war.
+    The accord reached by OPEC ministers in Vienna Saturday set
+an output ceiling of 16.6 mln bpd for the group's 13 members
+from July to December, raising Iraq's share to 1.54 mln bpd and
+Iran's to 2.369 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7889" NEWID="19561">
+<DATE>29-JUN-1987 07:17:00.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0553&#31;reute
+h f BC-FRASER-AND-NEAVE-LTD   06-29 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRASER AND NEAVE LTD &lt;FRNM.SI> HALF YR TO MARCH 31</TITLE>
+<DATELINE>    SINGAPORE, June 27 -
+    </DATELINE><BODY>Shr 15.8 cents vs 12.9 cents
+    Int div six cents vs same
+    Group net 19.90 mln dlrs vs 16.25 mln
+    Turnover 390.70 vs 381.60 mln
+    NOTE - Div pay Aug 3, register July 31. Co says it expects
+results for the second half year to be similar to those of the
+first half.
+  
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7890" NEWID="19562">
+<DATE>29-JUN-1987 07:18:02.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0556&#31;reute
+d f BC-MITSUI-REAL-ESTATE-DE   06-29 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUI REAL ESTATE DEVELOPMENT CO LTD &lt;MREA.T></TITLE>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>Year ended March 31
+    Group shr 33.98 yen vs 39.10
+    Net 21.16 billion vs 19.96 billion
+    Current 45.23 billion vs 32.87 billion
+    Operating 77.17 billion vs 63.90 billion
+    Sales 616.96 billion vs 527.88 billion
+    NOTE - The company said the 37.6 pct increase in 1986/87
+group current profit from a year earlier was mainly due to a
+drop of two billion yen in interest payments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7891" NEWID="19563">
+<DATE>29-JUN-1987 07:20:19.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0559&#31;reute
+d f BC-FRENCH-CHANNEL-TF-1-P   06-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH CHANNEL TF-1 PRESIDENT SEES PROFIT IN 1988</TITLE>
+<DATELINE>    PARIS, June 28 - </DATELINE><BODY>France's state-run television channel
+TF-1, which is in the process of being privatised, should
+achieve a profit of around 25 francs per share next year after
+several years of losses, but will not make a profit this year,
+the new TF-1 president Francis Bouygues said.
+    Interviewed on TF-1 on the eve of the public flotation of
+40 pct of the channel's equity, Bouygues said "in 1988 we have
+to make a profit, and we will make a profit."
+    "I envisage per share profits of 25 francs," he said. "I am
+very optimistic."
+
+    Bouygues said exceptional costs associated with the
+restructuring of the station would prevent a profit this year.
+    The state sold a 50 pct stake in TF-1 in April to a
+consortium led by Bouygues, a construction magnate, and
+including British press baron Robert Maxwell.
+    Tomorrow 40 pct of the shares go on sale to the public at
+165 francs each, while 10 pct will be offered at a special
+price of 132 francs a share to the station's staff.
+    Bouygues said a dividend would be paid to shareholders next
+year if the station did return to profit.
+
+    Asked if he thought the flotation price was right, Bouygues
+said, "I paid virtually double...I consider that it is a good
+buy."
+    The Bouygues consortium paid three billion francs for its
+50 pct controlling stake in April.
+    After the two-week public flotation, TF-1 shares will start
+trading on the second market here in late July.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7892" NEWID="19564">
+<DATE>29-JUN-1987 07:20:29.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>chirac</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0560&#31;reute
+r f BC-CHIRAC-SEES-STABLE-FR   06-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHIRAC SEES STABLE FRENCH BUYING POWER IN 1987</TITLE>
+<DATELINE>    PARIS, June 29 - </DATELINE><BODY>French buying power should remain stable
+this year despite lower economic growth, while investment will
+rise sharply, Prime Minister Jacques Chirac said.
+    "I think we will maintain our buying power... I do not think
+it will fall," Chirac told a radio interviewer yesterday. Last
+year French household buying power rose 2.9 pct.
+    Chirac said economic growth would be substantially lower
+than originally forecast but investment would rise by close to
+16 pct in the 1986 to 1988 period, reversing the 3.8 pct
+decline in the previous four-year period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7893" NEWID="19565">
+<DATE>29-JUN-1987 07:27:13.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0571&#31;reute
+u f BC-HENKEL-EXPECTS-HIGHER   06-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENKEL EXPECTS HIGHER 1987 TURNOVER, PROFIT</TITLE>
+<DATELINE>    DUESSELDORF, June 29 - </DATELINE><BODY>Henkel KGaA &lt;HNKG.F> expects 1987
+world group turnover and profit to exceed 1986 levels as recent
+acquisitions should compensate for the negative impact of the
+strong mark, managing board chairman Helmut Sihler said.
+    He told the annual meeting that based on Henkel's
+performance so far, the profit increase would be "not
+insignificant."
+    World group sales rose six pct in the first five months
+this year compared with the same 1986 period but group turnover
+rose only two pct because of currency factors, he said.
+    Sihler said the profit increase surpassed that of turnover
+but gave no figure.
+    As reported, group net profit rose 28 pct to 226 mln marks
+in 1986. World group sales by volume rose six pct but currency
+factors trimmed group turnover by six pct to 8.7 billion marks.
+    Sihler said the 1986 profit/sales ratio of 2.6 pct should
+rise further this year.
+    Sihler said turnover grew more or less equally in all
+sectors.
+    As reported, the 1986 dividend on ordinary voting shares
+rose to 4.50 marks from 3.50 in 1985 while the dividend on
+non-voting preference shares increased to 7.50 marks compared
+with three marks for six months of 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7894" NEWID="19566">
+<DATE>29-JUN-1987 07:27:32.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f0573&#31;reute
+u f BC-SOUTH-KOREA-RULING-PA   06-29 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S KOREA RULING PARTY SEEKS DIRECT ELECTION</TITLE>
+<DATELINE>    SEOUL, June 29 - </DATELINE><BODY>South Korea's ruling party will seek a
+direct presidential election to solve an acute political crisis
+in the country, a party spokesman said.
+    The Democratic Justice Party will ask President Chun Doo
+Hwan to accept opposition demands for a direct poll to end the
+current social turmoil, he said.
+    The party will also urge Chun to allow an amnesty for top
+dissident Kim Dae-jung and an immediate release of most
+political prisoners. -
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7895" NEWID="19567">
+<DATE>29-JUN-1987 07:27:53.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0574&#31;reute
+u f BC-HITACHI-UNIT-MAY-WITH   06-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HITACHI UNIT MAY WITHDRAW FROM U.S. MARKET</TITLE>
+<DATELINE>    SINGAPORE, June 29 - </DATELINE><BODY>Hitachi Ltd of Japan's &lt;HIT.T> Hitachi
+Electronic Devices (S) Pte Ltd, which suspended selling colour
+television tubes in the United States since January in
+anticipation of a "dumping duty," said that it may be pushed out
+of the U.S. Market if too high a final duty is assessed.
+    A company spokesman said that the Commerce Department had
+assessed a temporary 1.52 pct duty on tubes made by his
+company. The department said it would assess final dumping
+duties by September 8.
+    The company was Singapore's only exporter of colour
+television tubes to the U.S, he said.
+
+
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7896" NEWID="19568">
+<DATE> 29-JUN-1987 07:37:02.22</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0590&#31;reute
+f f BC-   06-29 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German May current account surplus 7.5 billion marks
+(April surplus 6.1  billion) - official
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7897" NEWID="19569">
+<DATE>29-JUN-1987 07:38:56.41</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0596&#31;reute
+f f BC-   06-29 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German May trade surplus 10.6 billion marks (April
+surplus 8.9 billion) - official
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7898" NEWID="19570">
+<DATE>29-JUN-1987 07:58:09.68</DATE>
+<TOPICS><D>cocoa</D><D>cotton</D><D>coffee</D></TOPICS>
+<PLACES><D>ivory-coast</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T G 
+&#22;&#22;&#1;f0629&#31;reute
+u f BC-IVORY-COAST-WEATHER-N   06-29 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IVORY COAST WEATHER NO PROBLEM FOR 1986/87 CROPS</TITLE>
+<DATELINE>    ABIDJAN, June 29 - </DATELINE><BODY>Ivory Coast rainfall this season has
+been less than in previous years, but 1986/87 cocoa and coffee
+production has not suffered, the official Ivorian daily
+Fraternite Matin reported.
+    The newspaper did not speculate on whether recent dry
+conditions seriously threatened the main 1987/88 cocoa crop.
+Trade sources said the weather up to now could be irrelevant if
+there is good rainfall in coming weeks.
+    Precipitation during the present campaign has been lowest
+in northern savannah regions, where the cotton crop has
+especially benefitted from the dry weather, Fraternite Matin
+said.
+    Agriculture Minister Denis Bra Kanon said earlier this
+month 1986/87 cotton output would be a record 213,506 tonnes,
+compared with 190,000 tonnes in 1985/86.
+    Fraternite Matin said the mainstays of Ivorian agriculture
+had been little affected by the dry weather. Coffee does not
+need very much water to survive and only old cocoa plants have
+been affected in some regions, it added.
+    London-based dealer Gill and Duffus recently forecast
+1986/87 Ivory Coast cocoa output at a record 590,000 tonnes,
+which compares with 585,000 estimated for 1985/86. It described
+early development of the new main crop as patchy.
+    The U.S. Agriculture Department (USDA) earlier this year
+forecast a drop in 1986/87 coffee production in the Ivory Coast
+due to drought in the western part of the country. It estimated
+the crop at 3.84 mln bags compared with the previous year's
+4.33 mln bag harvest.
+    Ivorian officials have only described this year's coffee
+crop as "normal."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7899" NEWID="19571">
+<DATE>29-JUN-1987 07:58:19.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0631&#31;reute
+u f BC-TATA-IRON-AND-STEEL-P   06-29 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TATA IRON AND STEEL PRE-TAX FALLS 37 PCT</TITLE>
+<DATELINE>    BOMBAY, June 29 - </DATELINE><BODY>Year to March 31, 1987
+    Share 106 rupees vs 130
+    Pre-tax profit 995.2 mln rupees vs 1.57 billion
+    Net profit 875.2 mln vs 1.07 billion
+    Sales 14.16 billion vs 12.85 billion
+    Dividend 25 pct vs same
+    Tax 120 mln vs 500 mln
+    Note - Full company name is Tata Iron and Steel Co Ltd
+&lt;TATA.BO>. Dividend is payable to shareholders on Aug 12.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7900" NEWID="19572">
+<DATE>29-JUN-1987 08:12:33.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0686&#31;reute
+r f BC-KRAFT-&lt;KRA>-COMPLETES   06-29 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRAFT &lt;KRA> COMPLETES BUY OF QUAKER &lt;OAT> UNIT</TITLE>
+<DATELINE>    GLENVIEW, ILL., June 29 - </DATELINE><BODY>Kraft Inc said it has completed
+the previously announced acquisition of the Anderson Clayton
+Foods Division from Quaker Oats Co for 235 mln dlrs in cash.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7901" NEWID="19573">
+<DATE>29-JUN-1987 08:24:48.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0723&#31;reute
+f f BC-MARINE-CORP-SAY   06-29 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MARINE CORP SAYS MARSHALL AND ILLSLEY MADE AN OFFER
+VALUED AT 62.50 DLRS A SHR
+
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7902" NEWID="19574">
+<DATE>29-JUN-1987 08:32:00.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T 
+&#22;&#22;&#1;f0740&#31;reute
+u f BC-BANGLADESH-SHIPPING-E   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH SHIPPING EMPLOYEES CALL OFF STRIKE</TITLE>
+<DATELINE>    DHAKA, June 29 - </DATELINE><BODY>Nearly 1,000 employees of Bangladesh
+Shipping Corp called off their two-week-old strike on Saturday
+after the authorities agreed to consider their demands for
+higher wages and benefits, corporation officials said.
+    The employees walked out on June 11 over their demands,
+forcing the government-run corporation to engage navy personnel
+to unload grain at the country's biggest Chittagong port.
+    Anwarul Haq, director of the corporation, said the strikers
+joined their work this morning after the authorities assured
+them they would review their demands soon.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7903" NEWID="19575">
+<DATE>29-JUN-1987 08:32:12.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0742&#31;reute
+d f BC-OLIVETTI-SEEKS-TO-STR   06-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIVETTI SEEKS TO STRENGTHEN RADIOCOR BUSINESS</TITLE>
+<DATELINE>    ROME, June 29 - </DATELINE><BODY>Ing C Olivetti EC SpA &lt;OLIV.MI> is in
+contact with Telerate Inc &lt;TLR> of the U.S. And other,
+unidentifed groups with a view to strengthening its economic
+news agency business &lt;Radiocor - Agenzia Giornalistica
+Economica Finanziaria SRL>, an Olivetti spokesman said.
+    The spokesman was responding to a Reuters query following
+an item in the Milan weekly Milano Finanza saying Dow Jones and
+Co Inc &lt;DJ>, which has a controlling stake in Telerate, could
+become a partner in Radiocor through subscribing to a capital
+increase.
+
+    The spokesman said that Telerate was among many companies
+with which Olivetti was in contact, with a view to
+strengthening Radiocor through the entry into the business of
+new partners, but that no accord had been reached.
+    He declined to identify the other companies involved, but
+Milano Finanza named the owners of the Italian financial daily
+Il Sole 24-Ore and &lt;Societa Elenchi Ufficiali degli Abbonati al
+Telefono> as likely partners along with Telerate.
+
+    Olivetti last month announced a joint information
+technology deal with Societa Elenchi, which specialises in
+publishing telephone and city directories, and the Italian
+publishing group &lt;L'Espresso>.
+    Olivetti chairman Carlo De Benedetti told the Olivetti
+annual meeting last week that the entry of new partners into
+Radiocor was planned, but he did not elaborate.
+    Industry sources said they believed talks between Olivetti
+and Telerate had been taking place for some months.
+
+    Olivetti acquired a 76 pct stake in Radiocor last December
+and has since increased its stake in the agency to 100 pct.
+    The takeover was followed in May this year by the
+acquisiton by De Benedetti's French holding company &lt;Cerus> of
+a stake of around 35 pct in the French financial information
+agency &lt;Dafsa>.
+    In May, Cerus also acquired a 4.9 pct stake in the British
+publishing and financial services group Pearson Plc &lt;PSON.L>.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7904" NEWID="19576">
+<DATE>29-JUN-1987 08:33:47.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0759&#31;reute
+r f BC-SCIENTIFIC-MICRO-&lt;SMS   06-29 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCIENTIFIC MICRO &lt;SMSI.O> WINS SIEMENS CONTRACT</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Scientific Micro Systems said it has
+won a major original equipment manufacture contract valued at
+about 12 mln dlrs from Siemens AG &lt;SIEG.F>, West Germany.
+    The company said the contract, to be handled by Scientific
+Micro Systems GmbH, Augsburg, is for the supply of
+multi-function disk and tape controllers with SCSI and ESDI
+interfaces.
+    Scientific is a supplier of computer equipment including
+data controllers and mass storage subsystems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7905" NEWID="19577">
+<DATE>29-JUN-1987 08:34:41.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0768&#31;reute
+d f BC-BAKER,-FENTRESS-&lt;BKRF   06-29 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER, FENTRESS &lt;BKRF.O> NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>Baker, Fentress and Co said it named
+James Gorter as chairman, filling the vacancy created by the
+death on June 23 of Chairman and Chief Executive Officer James
+Fentress.
+    Gorter, a partner of Goldman, Sachs and Co, has been a
+Baker, Fentress director since 1978.
+    The company said Daivd Peterson, president since 1982, was
+elected chief executive officer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7906" NEWID="19578">
+<DATE>29-JUN-1987 08:34:51.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0770&#31;reute
+d f BC-AUTOSPA-&lt;LUBE.O>-UNIT   06-29 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUTOSPA &lt;LUBE.O> UNIT FORMS JOINT VENTURE</TITLE>
+<DATELINE>    WOODSIDE, N.Y., June 29 - </DATELINE><BODY>Autospa Corp said its wholly
+owned Autospa Franchising Corp subsidiary entered into an
+agreement to form a joint venture for franchising Autospa Flat
+Proof Service Centers with Seal-It Corp, a private Los
+Angeles-based automotive aftermarket company.
+    Under the agreement, AutoSpa Franchising and Seal-It each
+will hold 50 pct of the joint venture company shares.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7907" NEWID="19579">
+<DATE>29-JUN-1987 08:35:17.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0771&#31;reute
+b f BC-MARINE-&lt;MCRP.O>-GETS   06-29 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARINE &lt;MCRP.O> GETS MARSHALL/ILSLEY PROPOSAL</TITLE>
+<DATELINE>    MILWAUKEE, WIS., June 29 - </DATELINE><BODY>Marine Corp said it received a
+proposal from Marshall and Ilsley Corp &lt;MRIS.O> under which
+Marine shareholders would receive Marshall and Ilsley common
+stock or a combination of cash and stock equal to at least
+62.50 dlrs a share of Marine common.
+    It said the proposal will be considered by the Marine board
+after analysis by its advisers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7908" NEWID="19580">
+<DATE>29-JUN-1987 08:48:04.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0801&#31;reute
+d f BC-DIVERSIFIED-GETS-APPR   06-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIVERSIFIED GETS APPROVAL FOR SALMONELLA TEST</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>&lt;Diversified Diagnostic Industries Inc>
+said it has received approval from the Food and Drug
+Administration (FDA) for a sceening kit that would test for
+salmonella in a number of foods including meat.
+    The test, called Chik Chek, would be the first
+over-the-counter test for salmonella and can determine in less
+than 15 minutes if the bacteria is present in poultry, pork,
+red meat, eggs or dairy products, the company said.
+    Diversified said the kit, which uses a chemical process to
+detect the bacteria, will be available nationwide shortly.
+   
+    According to the company, the FDA estimates that more than
+four mln Americans may suffer from salmonella poisoning each
+year, with illnesses ranging from mild gastrointestinal
+distress to arthritis and even typhoid fever.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7909" NEWID="19581">
+<DATE>29-JUN-1987 08:48:10.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0802&#31;reute
+u f BC-FIELDCOR-&lt;FICR.O>-TO   06-29 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIELDCOR &lt;FICR.O> TO ADD TO LOAN LOSSES</TITLE>
+<DATELINE>    PHILADELPHIA, June 29 - </DATELINE><BODY>Fieldcor Inc said it will take a
+one-time 30 mln dlr special provision in the second quarter for
+possible losses in loans to developing countries.
+    The corporation said it will be profitable in the quarter
+despite the action which will reduce quarterly net income by 23
+mln dlrs, or 37 cts a share on a fully diluted basis.
+    For the year-ago second quarter, Fieldcor reported earnings
+of 24.8 mln dlrs, or 95 cts a share.
+    Fieldcor also said it expects to report "strong earnings"
+for the second half of the year. It earned 92.3 mln dlrs, or
+3.69 dlrs a share fully diluted in 1986.
+    The company said its loans to developing countries
+experiencing payment or liquidity problems total 88 mln dlrs
+and represent 1.3 pct of its total loan portfolio.
+    It said there will be no change in the current dividend
+policy.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7910" NEWID="19582">
+<DATE>29-JUN-1987 08:50:57.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C 
+&#22;&#22;&#1;f0809&#31;reute
+d f BC-IMF-MANAGING-DIRECTOR   06-29 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF MANAGING DIRECTOR HOLDS TALKS IN IVORY COAST</TITLE>
+<DATELINE>    ABIDJAN, June 29 - </DATELINE><BODY>IMF Managing Director Michel Camdessus
+paid a brief weekend visit to the Ivory Coast during which he
+discussed the country's economic difficulties with President
+Felix Houphouet-Boigny.
+    Camdessus said he wished his visit could have been in more
+pleasant circumstances in remarks reported by the official
+Ivorian daily Fraternite Matin.
+    He added that the extremely steep fall in agricultural
+commodity markets had dealt a harsh blow this year to the
+Ivorian economy and because of this the country was
+experiencing a growth problem and difficulties with its
+international debt.
+    Last month the Ivory Coast informed its creditors it had to
+suspend payments on its foreign debt, estimated at more than
+eight billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7911" NEWID="19583">
+<DATE>29-JUN-1987 08:53:19.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f0813&#31;reute
+d f PM-FLOODS   06-29 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOUSANDS TRAPPED IN BANGLADESH FLASH FLOODS</TITLE>
+<DATELINE>    DHAKA, June 29 - </DATELINE><BODY>Flash floods and high winds have trapped
+some 10,000 people and injured at least 50 in northeastern
+Bangladesh's Sunamganj district, officials said.
+    They said water, knee-deep in at least 10 villages
+following heavy rains last Wednesday, was receding after
+extensively damaging crops and property.
+    The situation was aggravated by a 40-mile-per-hour storm
+which swept across the area yesterday and flattened at least
+200 houses, the officials said but gave no other details.
+    Relief Ministry officials, describing the floods as a
+"routine hazard," told Reuters relief squads had been dispatched
+to the area with food and medicine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7912" NEWID="19584">
+<DATE>29-JUN-1987 08:54:29.52</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0815&#31;reute
+h f BC-PREMIER-GROUP-SEES-RE   06-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREMIER GROUP SEES REASONABLE PROFIT RISE</TITLE>
+<DATELINE>    JOHANNESBURG, June 29 - </DATELINE><BODY>Premier Group Holdings Ltd &lt;PMLJ.J>
+anticipates that current fiscal year profits will show a
+reasonable increase over last year when per share results rose
+43 pct to 233 cents, the company said in the annual report.
+    The profit projection assumed "no further significant
+political deterioration inside South Africa, and no
+unmanageable increase in sanctions" in industries that Premier
+is involved, the company added.
+    The company, with total turnover of 2.62 billion rand in
+the year ended March 31, operates in the food, fishing,
+pharmaceutical and leisure industries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7913" NEWID="19585">
+<DATE>29-JUN-1987 08:56:52.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0818&#31;reute
+u f BC-MICRON-&lt;PMR>-WILL-ACQ   06-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRON &lt;PMR> WILL ACQUIRE NUMEDCO</TITLE>
+<DATELINE>    FITCHBURG, Mass., June 29 - </DATELINE><BODY>Micron Products Inc said it has
+agreed to acquire Numedco Inc from &lt;Myraid Group Inc> for
+500,000 Micron common shares, 2,400 shares of 1,000 dlrs par
+value preferred and an undisclosed amount of cash.
+    The company said the acquisition has been approved by
+Micron and Myraid directors and is subject to approval by
+shareholders of both companies. Micron now has about 1.9 mln
+common outstanding.
+    Numedco could increase Micron's sales by 800 pct and its
+earnings by 100 pct, it said. In the nine months ended March
+31, it earned 269,000 dlrs on sales of 2.7 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7914" NEWID="19586">
+<DATE>29-JUN-1987 08:58:34.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f0820&#31;reute
+u f BC-COLOMBIA-OPTIMISTIC-O   06-29 0098</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+COLOMBIA OPTIMISTIC ON COFFEE QUOTAS
+    repeat from late yesterday
+    MEDELLIN, Colombia, June 28 - Colombia considers conditions
+are favourable for reestablishing coffee export quotas, but
+Brazil believes that difficulties remain with the United
+States, coffee leaders from the two countries said.
+    "Colombia considers that if the principal International
+Coffee Organisation (ICO) members adopt a realistic and
+objective approach, it will be possible to find a solution at
+the next meeting in London," Colombian Coffee Federation
+president Jorge Cardenas said at a coffee symposium.
+    The symposium has raised hopes that producers would find a
+common position on quota distribution before a September ICO
+plenary meeting in London when quotas will be the main item on
+the agenda.
+    Cardenas, representing the world's second largest coffee
+producer, said all producer countries as well as consumer
+countries including the United States, Japan and the European
+Community had expressed an interest in reestablishing quotas.
+    However, the President of the Brazilian Coffee Institute
+Jorio Dauster told Reuters that problems remained between the
+United States and Brazil.
+    "By the end of the February meeting it was shown that 85 pct
+of the producer countries were with Brazil," he said.
+    "However, up to now I have not seen fundamental changes in
+their positions."
+    ICO talks on quotas broke down in February largely due to a
+conflict between the world's main producer Brazil and main
+consumer the United States.
+    ICO director Alexandre Beltrao said at the symposium that
+conditions were right to discuss reestablishing export quotas.
+He said the strong views of Brazil and United States expressed
+in February had abated.
+    "Confirmation of the bumper crop in Brazil is good for
+prices and compels countries to seek agreement on basic quotas,"
+Beltrao told Reuters.
+    "Brazilian authorities have said the crop for 1987/88 coffee
+season could be 35.2 mln 60 kg bags," he added.
+    Beltrao spoke of the presence of new factors that work
+against the stability of the ICO, created 25 years ago.
+    "Foreign debt and as a result worse economic, political and
+social conditions make the adoption of a national and
+international coffee strategy more difficult," he said.
+    The ICO board would meet in July to discuss these matters.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7915" NEWID="19587">
+<DATE>29-JUN-1987 08:59:06.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0821&#31;reute
+f f BC-texaco-said-sec   06-29 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEXACO SAID SEC PLANS BRIEF ASKING TEXAS COURT TO REVIEW
+U.S. SECURITY LAWS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7916" NEWID="19588">
+<DATE>29-JUN-1987 09:06:31.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0837&#31;reute
+u f BC-INTERNATIONAL-SPOT-OI   06-29 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL SPOT OIL PRICES FIRM ON OPEC ACCORD</TITLE>
+<AUTHOR>    By Karen Yates, Reuters</AUTHOR>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>OPEC's weekend decision to cut planned
+oil output levels for second half 1987 has renewed market
+confidence in the oil price outlook for the rest of the year
+and boosted international spot prices, oil traders said.
+    Spot crude prices are now standing 80-85 cents a barrel
+higher than at the start of the OPEC meeting last Thursday and
+could continue their rise in the next few weeks, they said.
+    The new optimism springs from the agreement reached by OPEC
+ministers in Vienna on Saturday to fix a July-December output
+ceiling of 16.6 mln barrels per day (bpd).
+    At its previous meeting in December, OPEC set a provisional
+16.6 mln bpd output limit for the third quarter but proposed a
+sharp rise to 18.3 mln in the fourth. The ceilings were to back
+up its newly restored fixed prices of around 18 dlrs a barrel.
+    When signs first emerged last Friday that OPEC was
+contemplating cutting the planned fourth quarter ceiling, spot
+prices of the most widely traded crude oil, Britain's Brent
+Blend, surged 30-40 cents a barrel.
+    Traders said the trend continued in a cautious rally this
+morning in London, taking quoted levels up to around 19.25/35
+dlrs, compared with 18.45/50 dlrs in the middle of last week.
+    Most traders on international oil markets reacted bullishly
+to news of the final agreement. They forecast tight supplies
+later in the year, when demand for oil increases with the onset
+of the Northern Hemisphere winter, and further rises in spot
+prices.
+    "There will be a scramble for oil in the third and fourth
+quarters of this year" one trader said. "In the past three months
+we have already seen a rise in demand, particularly from the
+U.S., And I expect to see even higher prices" he added.
+    Mehdi Varzi, analyst with stockbroker Kleinwort Grieveson
+in London, agreed.
+    Varzi told Reuters that OPEC was if anything too cautious
+in setting the new output ceilings. "There is now a great chance
+that Brent crude oil will hit 20 dlrs a barrel in the next
+month," he said.
+    Laurie Law, analyst at E.F. Hutton and Co Inc in New York,
+said over the weekend that she saw the spot price of West Texas
+Intermediate (WTI) rallying to around 22 dlrs by the end of the
+year from just over 20 dlrs now.
+    WTI, the U.S. Benchmark crude, usually fetches a premium of
+80 cents to one dlr over Brent. So far this year, spot Brent
+has held mostly between 18 and 19 dlrs a barrel.
+    But some traders, fearing continued over-production by some
+OPEC members, sounded a note of caution over the new accord.
+    Iraq has again refused to be a party to the agreement
+because other OPEC ministers turned down its repeated demand
+for the same production quota as its Gulf War enemy Iraq.
+    In recent months Iraq has been producing 500,000 bpd above
+its assigned quota, and it could begin pumping a further
+500,000 bpd when a new export pipeline comes on stream in
+September.
+    According to Kuwaiti oil minister Sheikh Ali al-Khalifa
+al-Sabah, actual OPEC production in the fourth quarter could be
+well above the official ceiling at nearly 18 mln bpd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7917" NEWID="19589">
+<DATE>29-JUN-1987 09:06:40.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0838&#31;reute
+d f BC-TECHNOLOGY   06-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECHNOLOGY/ALTERNATIVES TO IBM SOFTWARE STANDARD</TITLE>
+<AUTHOR>    By Catherine Arnst, Reuters</AUTHOR>
+<DATELINE>    BOSTON, June 29 - </DATELINE><BODY>In the fast paced personal computer
+industry, millions can be made in six months, and such an
+opportunity may exist now for companies seeking to capitalize
+on the delay of a new IBM software standard.
+    When International Business Machines Corp &lt;IBM> announced
+its new generation of personal computers, the PS/2 family, in
+April, it also decided to establish a new operating system for
+the machines, a death sentence for the billions of dollars of
+software now in use on the existing system.
+    Because IBM is the world's largest computer company - some
+70 pct of the world's computers bear the IBM logo - most
+industry analysts, and even IBM's competitors, expect that
+within two years the new operating system, called OS/2, will be
+as commonplace as the current standard, MS-DOS, is now.
+    "By 1989, at least one half to 60 pct of all personal
+computers will be sold with OS/2," predicted George Colony,
+president of the consulting firm Forrester Research Inc.
+    But until then there is an opportunity, some analysts said,
+for firms selling advanced versions of MS-DOS, specialised
+multi-tasking software packages and Unix, an alternative to
+MS-DOS developed by American Telephone and Telegraph Co &lt;T>
+that has developed a following among engineers and the federal
+government.
+    OS-2, which IBM is developing with Microsoft Corp, the
+author of MS-DOS, will not be ready for another six months. IBM
+said last week that the product is on schedule but analysts and
+other software developers are skeptical, since delays in major
+new software products are commonplace.
+    Initial acceptance of the new system will most likely be
+hindered by the disgruntlement of hardware and software vendors
+alike, who would prefer to keep making products that work with
+tried and true MS-DOS, according to Paul Cubbage, software
+analyst with the market research firm Dataquest Inc.
+    Compaq, IBM's major personal computer competitor, has
+already said it will stick with the MS-DOS standard. Compaq
+president Rod Canion said recently their will be no "automatic
+mass migration" to OS/2. "(Advanced MS-DOS) applications will
+continue to meet a far broader set of users needs than OS/2
+will supply long after it becomes available," he said.
+    Cubbage acknowledged that "it will probably be a year or
+more before any really useful applications are available for
+OS-2," creating opportunities for multi-tasking programs. "But
+there comes a time when the memory limits of those gets to
+you," he said.
+    IBM's new operating system was as big an event to the
+computer industry as the PS-2 announcement itself. The new
+computers, the most powerful of which will use Intel Corp's
+fast 80386 microprocessor, are expected to rejuvenate the
+sagging sales of the personal computer industry and already
+gave a big boost to IBM.
+    Company officials said last week that 250,000 PS/2s were
+shipped in the 2-1/2 months since their introduction and IBM
+expect record pc sales ths year as a result.
+    The enthusiasm for the PS-2 is particularly striking since
+the full potential of the powerful computers cannot be tapped
+until a new operating system or other high level software is
+available, analysts said.
+    OS-2 will allow users to work on many different programs,
+or tasks, at once on a personal computer, ideally without any
+slowdown in operation, a capability the industry has long
+strived for.
+    Microsoft is already promising alternatives to OS-2, in
+particular an advanced version of its Windows multitasking
+program, which is used in conjunction with MS-DOS.
+    Microsoft chairman Bill Gates has suggested an advanced
+version of the program, Windows 386, will be announced in
+September and available six to eight weeks later, at a price of
+100 dlrs and 300 dlrs. OS/2 is expected to cost 325 dlrs.
+
+    Some software developers have said the the program,
+designed for 80386-based personal computers, may even be
+superior to OS/2 in allowing users to multitask applications
+without disruption.
+     But several analysts commented that what users really want
+is a multi-taksing operating system for 80386-based personal
+computers, and so far that desire has been met primarily by a
+small Atlanta software publisher, The Software Link Inc. In
+late spring the company announced PC-MOS/386, a multi-tasking,
+multiuser operating system that is compatible with MS/DOS and
+works on 80386-based computers.
+    The company said it filled 2,500 orders in the first four
+weeks of availability and expects shipments to reach 40,000 by
+year end.
+    International Data Corp analyst Will Zachmann said Unix
+could be the most promising alternative to OS/2, even once the
+IVM system is available.
+    IBM did not endorse Unix for any of its PS/2 models,
+although it did say that it would announce a version of its
+Advanced Interactive Executive (AIX), a Unix compatible
+operating system.
+    But the federal government requires Unix compatability for
+most of its computer contracts, it is almost certain that other
+companies will provide Unix-style operating systems for the IBM
+systems.
+    ATT itself two weeks ago introduced a version of Unix that
+is compatible with the 80386 microprocessor, although not IBM's
+computer specifically.
+    Analysts saw the announcement as a move to get Unix
+accepted as a strong alternative to OS/2 before the IBM system
+has a chance to take off.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7918" NEWID="19590">
+<DATE>29-JUN-1987 09:07:10.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0839&#31;reute
+u f BC-KUWAIT-SETS-HIGHER-19   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAIT SETS HIGHER 1987/88 BUDGET DEFICIT</TITLE>
+<DATELINE>    KUWAIT, June 29 - </DATELINE><BODY>Kuwait, aided by the recovery in world
+oil prices, announced a mildly expansionary budget for 1987/88
+with a 3.3 pct rise in the deficit to 1.38 billion dinars.
+    Oil revenues, slashed by some 40 pct in the original budget
+for the 1986/87 year ending tomorrow, were forecast to rise 4.2
+pct to 1.73 billion dinars in 1987/88, Finance Minister Jassim
+al-Khorafi said.
+    This would account for 87.2 pct of total estimated income
+in the year starting on July 1 compared with 86.6 pct in
+original 1986/87 estimates, the Kuwait News Agency Kuna quoted
+him as saying.
+    Spending by ministries and public institutions is forecast
+to be 3.4 pct higher at 3.16 billion dinars in 1987/88 after an
+11 pct cut in the current fiscal year's budget.
+    In addition the government, as is usual, will transfer a
+sum equal to 10 pct of total expected revenue to a special
+savings reserve for future generations.
+    The minister made no mention of how the deficit would be
+covered. He also gave no actual outturn for spending and income
+in 1986/87.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7919" NEWID="19591">
+<DATE>29-JUN-1987 09:07:37.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f0841&#31;reute
+u f BC-CHIRAC-ATTACKS-EC-COM   06-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHIRAC ATTACKS EC COMMISSION BUDGET PROPOSALS</TITLE>
+<DATELINE>    PARIS, June 29 - </DATELINE><BODY>Prime Minister Jacques Chirac has attacked
+budget proposals made by the European Community's executive
+Commission, saying they ignore efforts to cut spending, and
+added that divisions over the issue would be hard to resolve at
+this week's EC summit.
+    The Commission has proposed radical changes in the way the
+member countries contribute to the budget, suggesting payments
+should be linked to economic output instead of tax revenue.
+    But the richer northern nations such as Britain, West
+Germany and France are insisting on stricter spending controls
+before agreeing to any reform.
+    "The proposals of the Commission, at the level they are
+being made, are not compatible with the efforts which each of
+our nations is making to reduce spending ... Therefore there is
+a big problem," Chirac said in a radio interview.
+    EC leaders would also try to resolve a dispute on reforms
+of agricultural spending, largely to blame for an expected 5.7
+billion dlr shortfall in the EC budget this year.
+    Chirac said that West Germany, under pressure from its
+powerful farm lobby, was alone in opposing reforms to the
+common agricultural policy, while France shared a common
+position on the issue with the 10 other EC states.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7920" NEWID="19592">
+<DATE>29-JUN-1987 09:09:20.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0847&#31;reute
+f f BC-allis-chalmers   06-29 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALLIS-CHALMERS CORP SAID IT FILED CHAPTER 11 BANKRUPTCY
+PETITION
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7921" NEWID="19593">
+<DATE>29-JUN-1987 09:10:38.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0853&#31;reute
+u f BC-METROLOGIE-ISSUES-73.   06-29 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROLOGIE ISSUES 73.8 MLN FRENCH FRANC BOND</TITLE>
+<DATELINE>    PARIS, June 29 - </DATELINE><BODY>French financial group Metrologie
+International said it is issuing 73.8 mln francs worth of stock
+option bonds with Banque Paribas as lead manager.
+    The eight-year issue at par will carry interest of six pct
+payable on August 3. Existing shareholders will have priority
+subscription to the 1,000 franc nominal bonds on the basis of
+one bond for 14 shares held.
+    Each bond will be accompanied by two warrants giving the
+right to subscribe to one 40 franc nominal share at a price of
+580 francs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7922" NEWID="19594">
+<DATE>29-JUN-1987 09:13:56.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f0858&#31;reute
+u f BC-SUPERTANKERS-ANCHOR-O   06-29 0133</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERTANKERS ANCHOR OFF BAHRAIN AFTER ATTACKS</TITLE>
+<DATELINE>    BAHRAIN, June 29 - </DATELINE><BODY>Two supertankers attacked in the Gulf by
+Iranian gunboats on Saturday have anchored off Bahrain for
+damage inspection, shipping sources said.
+    The 224,607 tonne Norwegian ship Mia Margrethe and the
+Liberian-registered Stena Concordia, 273,616 tonnes, both came
+under fire off the Saudi Arabian coastline.
+    Agents for the tankers in Bahrain told Reuters the extent
+of damage had not yet been estimated.
+    Both ships will be inspected in Bahrain and may be repaired
+by the Arab Shipbuilding and Repair Yard Co.
+    The U.S. Frigate Stark, damaged last month in an Iraqi air
+attack in the Gulf, left Bahrain early on Sunday and anchored
+four miles off shore. The vessel is due to return shortly to
+the U.S. for further repairs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7923" NEWID="19595">
+<DATE>29-JUN-1987 09:17:11.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f0868&#31;reute
+f f BC-FIRST-CHICAGO-B   06-29 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST CHICAGO BANKING UNIT TO BUY INTEREST IN INVESTMENT
+BANKER WOOD GUNDY
+
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7924" NEWID="19596">
+<DATE>29-JUN-1987 09:20:48.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0876&#31;reute
+b f BC-/ALLIS-CHALMERS-&lt;AH>   06-29 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIS-CHALMERS &lt;AH> FILES FOR CHAPTER 11</TITLE>
+<DATELINE>    MILWAUKEE, Wis., June 29 - </DATELINE><BODY>Allis-Chalmers Corp said the
+company and its domestic affiliates filed voluntary petitions
+for reorganization under Chapter 11 of the Federal Bankruptcy
+Code in the U.S. Bankruptcy Court for the Southern District of
+New York.
+    The company said its business units outside the United
+States are not affected by the action.
+    Allis-Chalmers said the rapid agreement was essential for
+its restructuring plan, announced March 4.
+    However, the company said, "agreement could not be worked
+out within the short time frame available, and it was
+determined that the only practical alternative was to obtain
+court protection."
+    "This protection enables us to keep on operating our
+business in the ordinary course while affording us time to work
+out our obligations and complete our operational restructure
+strategy."
+    Allis-Chalmers said the proposal announced in March called
+for a complete restructuring of its obligations and capital
+structure as well as major structural changes in operations.
+    The company said funds generated by U.S. operations are
+currently inadequate to meet its U.S. obligations, primarily
+due to the carryover from discontinued and drastically
+downsized businesses.
+    It said funds produced by non-U.S. operations are not
+readily available to help meet those obligations, which include
+a health care program for retirees and debt service carried
+over from the larger Allis-Chalmers of earlier years.
+    Allis-Chalmers said its U.S. cash flow exceeded a negative
+24 mln dlrs in 1986 and was a negative two mln dlrs in the
+first quarter of 1987. The company has financed a portion of
+its debt service and other obligations through sales of assets
+and has relied on short-term waivers from its lenders to
+prevent defaults on principal and interest payments.
+    Because of Allis-Chalmers' financial position, it said, new
+financing facilities were not available outside of Chapter 11,
+adding substantially all U.S. assets other than inventory are
+pledged as security for its debts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7925" NEWID="19597">
+<DATE>29-JUN-1987 09:29:20.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f0890&#31;reute
+b f BC-/FIRST-CHICAGO-&lt;FNB>   06-29 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CHICAGO &lt;FNB> TO BUY WOOD GUNDY STAKE</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>First Chicago Corp said its First
+National Bank of Chicago subsidiary agreed in principle to
+acquire a 35 pct interest in Wood Gundy Corp, an international
+investment banking firm headquartered in Toronto.
+    Under terms of the agreement, the bank, through its
+Canadian bank subsidiary, First National Bank of Chicago
+(Canada) will invest 271 mln canadian dlrs in a combination of
+newly issued common equity and convertible debentures of Wood
+Gundy, it said.
+    First Chicago said it also agreed to invest additional
+funds jointly with Wood Gundy in venture capital and merchant
+banking businesses.
+    Wood Gundy shareholders will retain 65 pct ownership, it
+said.
+    First Chicago said its investment in Wood Gundy is
+consistent with recent legislation which removed ownership
+restrictions and broadened access to the Canadian securities
+industry.
+   
+    The proposed agreement is subject to approval of U.S. and
+Canadian regulatory agencies and completion of a definitive
+agreement. The transaction is expected to be completed on
+September 30, 1987, or as soon as possible thereafter, it
+added.
+    First Chicago said the investment in Wood Gundy permits it
+to consolidate and enhance its present position in Canada and
+internationally, and provides the basis for future growth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7926" NEWID="19598">
+<DATE>29-JUN-1987 09:31:56.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0900&#31;reute
+u f BC-LORIMAR-TELEPICTURES   06-29 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LORIMAR TELEPICTURES &lt;LT> 4TH QTR OPER LOSS</TITLE>
+<DATELINE>    CULVER CITY, CALIF., June 29 - </DATELINE><BODY>Period ended March 31
+    Oper shr loss 1.07 dlrs vs not applicable
+    Oper net loss 49,098,000 vs n.a.
+    Revs 240.5 mln
+    Avg shrs 45,810,000
+    Year
+    Oper shr loss 84 cts
+    Oper net loss 36,609,000
+    Revs 766.2 mln
+    Avg shrs 43,428,000
+    NOTE: Full name is Lorimar Telepictures Corp
+    Prior-year comparisons not applicable. Lorimar and
+Telepictures merged in February 1986
+    Earnings exclude losses from discontinued operations of
+13,562,000 dlrs, or 30 cts a share in the quarter and
+21,992,000 dlrs, or 51 cts a share for the year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7927" NEWID="19599">
+<DATE>29-JUN-1987 09:34:49.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0909&#31;reute
+r f BC-PULLMAN&lt;PMN>-COMPLETE   06-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PULLMAN&lt;PMN> COMPLETES CLEVITE &lt;CLEV.O> TENDER</TITLE>
+<DATELINE>    PRINCETON, N.J., June 29 - </DATELINE><BODY>Pullman Co said its PCII
+Acquisition Co subsidiary completed a previously announced
+tender for Clevite Industries Inc.
+    Pullman said as of midnight June 26, 5,248,712 shares of
+Clevite common, 278,965 shares of nonvoting common and
+1,913,194 warrants had been tendered.
+    Including the 989,426 shares of nonvoting common stock
+Pullman has an option to buy from Prudential Insurance Co of
+America, the total shares and warrants represent about 99 pct
+of the common and nonvoting common of Clevite and 96 pct of the
+outstanding warrants.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7928" NEWID="19600">
+<DATE>29-JUN-1987 09:36:12.66</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f0915&#31;reute
+u f BC-EC-LEADERS-BEGIN-BRUS   06-29 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC LEADERS BEGIN BRUSSELS SUMMIT</TITLE>
+<DATELINE>    BRUSSELS, June 29 - </DATELINE><BODY>Leaders of the European Community (EC)
+began their two-day summit, with reform of the group's creaking
+finances heading the agenda, officials said.
+    The 12 government leaders were joined by French President
+Mitterrand and their foreign ministers.
+    The twice-yearly meeting will also examine some world
+issues, especially the Middle East, but diplomats said the
+group's cash crisis would dominate the talks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7929" NEWID="19601">
+<DATE>29-JUN-1987 09:37:25.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0921&#31;reute
+r f BC-ALLIED-SIGNAL-&lt;ALD>-S   06-29 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL &lt;ALD> SELLS UNIT TO SCHLUMBERGER</TITLE>
+<DATELINE>    MORRIS TOWNSHIP, N.J., June 29 - </DATELINE><BODY>Allied-Signal Inc and
+Schlumberger Ltd &lt;SLB> said that Schlumberger has acquired
+Allied-Signal's Neptune International unit headquartered in
+Atlanta, Ga., for an undisclosed sum.
+    Allied-Signal said Neptune produces water meters and flow
+measurement equipment and last year had sales of 80 mln dlrs.
+    The company said Schlumberger's activities include
+providing oil field services to locate and produce oil and gas,
+and the manufacture of electricity, gas and water meters for
+utilities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7930" NEWID="19602">
+<DATE>29-JUN-1987 09:37:48.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0923&#31;reute
+u f BC-DI-GIORGIO-&lt;DIG>-OFFE   06-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DI GIORGIO &lt;DIG> OFFERED 28 DLRS A SHARE</TITLE>
+<DATELINE>    SAN FRANCISCO, Calif., June 29 - </DATELINE><BODY>Di Giorgio Corp &lt;dig> said
+it received an unsolicited letter from &lt;Gabelli and Co Inc>
+proposing a Di Giorgio recapitalization in which stockholders
+would receive 20 dlrs a share in cash and certain securitites,
+including subordinated notes, preferred stock and new common
+stock.
+    Di Giorgio said the letter estimates the total value of
+these securities at eight dlrs per share. It also said any
+transaction is subject to completion of a due dilligance
+investigation and the obtaining of necessary financing.
+   
+    After Di Giorgio's board and investment bankers have
+evaluated the letter, they will respond, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7931" NEWID="19603">
+<DATE>29-JUN-1987 09:40:24.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0937&#31;reute
+f f BC-CTS-CORP-CUTS-D   06-29 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CTS CORP CUTS DIVIDEND TO 12-1/2 CTS FROM 25 CTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7932" NEWID="19604">
+<DATE>29-JUN-1987 09:41:12.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0944&#31;reute
+h f BC-RYZHKOV-CALLS-FOR-SOV   06-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RYZHKOV CALLS FOR SOVIET ECONOMIC REFORMS</TITLE>
+<DATELINE>    MOSCOW, June 29 - </DATELINE><BODY>Soviet Prime Minister Nikolai Ryzhkov
+described the Soviet Union's economic management system as
+obsolete and called on the Supreme Soviet, the nominal
+parliament, to adopt a draft law on major economic reform.
+    In a speech to the 1,500 member body, Ryzhkov said
+excessive central control by Moscow-based ministries and
+wasteful use of resources had led to a situation where 13 pct
+of Soviet industrial enterprises were making a loss in 1986.
+    He said the public faced acute food and housing problems
+and a "shadow economy" was growing because the state could not
+meet demand.
+    He added that the USSR had failed to keep up with the
+technology revolution.
+    "The methods of the past system of economic management have
+become obsolete," Ryzhkov declared. "The need for change is
+evident and urgent."
+    Kremlin leader Mikhail Gorbachev, who set the tone last
+week with a frank speech on the economy, was present during the
+speech.
+    The legislation outlined by Ryzhkov, formally called the
+draft law on state enterprises, is expected to be approved by
+the Supreme Soviet, to take effect next January 1.
+    Under the law, all enterprises are to become financially
+self-supporting by taking charge of income and outlay, with
+wages tied to profit in order to increase worker incentive.
+    Firms will compete for orders from the state, which are due
+to decline as direct contracts between enterprises expand.
+    Ryzhkov said the state planning agency, Gosplan, would be
+restructured to set national economic priorities instead of
+administering factories directly through five year plans.
+    "We need a fundamentally new approach to yearly planning," he
+added, saying annual central plans would be abandoned from 1991
+and enterprises charged with developing their own plans.
+
+    He said scientific research should be integrated closely
+with industry to make up a technology gap with the West and
+enterprises should use market research to meet consumer demand.
+    Ryzhkov blamed the state supply body, Gossnab, for allowing
+shortages to occur. He said Gossnab was hoarding 27 billion
+roubles worth of raw materials and semi-finished products of
+enterprises. He said Gossnab should help expand wholesale
+trade.
+    Ryzhkov said improved economic management of consumer goods
+and services was required to stem increasing speculation and
+the growth of the black market economy. He called for a 10 fold
+increase in the number of cooperatives to help in this field.
+    He said the price system needed radical revision to
+accurately reflect supply and demand, with the state setting
+prices only for "products of national importance" in changes to
+be fully in place by the next five year plan beginning in 1991.
+    The practice of using credit to cover losses must also
+stop. Outstanding debts to the state had reached 40 billion
+roubles.
+    He said there were proposals to replace the "cumbersome"
+banking system with six new banks -- a state bank and banks for
+foreign economic relations, agro-industry, construction,
+housing and commercial services, and credit.
+    Ryzhkov said guarantees should be built into the law to
+prevent "the distortion of the rights of enterprises." But
+non-profitable enterprises would be declared bankrupt if
+efforts to make them self-supporting failed.
+    Bemoaning the "economic illiteracy" of many managers, he
+called for the retraining of economic personnel.
+    Ryzhkov said an immense amount of work lay ahead and "doing
+it on the go" would be difficult, but added, "We do not have time
+to stop and ponder."
+    He said the changes should "give a new image to socialism."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7933" NEWID="19605">
+<DATE>29-JUN-1987 09:42:45.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0955&#31;reute
+u f BC-FIRST-CHICAGO-&lt;FNB>-T   06-29 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CHICAGO &lt;FNB> TO BUY WOOD GUNDY STAKE</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>First Chicago Corp said its First
+National Bank of Chicago subsidiary agreed in principle to
+acquire a 35 pct interest in Wood Gundy Corp, an international
+investment banking firm headquartered in Toronto.
+    Under the agreement, the bank, through its Canadian bank
+subsidiary, First National Bank of Chicago (Canada) will invest
+271 mln canadian dlrs in a combination of newly issued common
+equity and convertible debentures of Wood Gundy. First Chicago
+also agreed to invest additional funds jointly with Wood Gundy
+in venture capital and merchant banking businesses. Wood Gundy
+shareholders will retain 65 pct ownership.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7934" NEWID="19606">
+<DATE>29-JUN-1987 09:43:21.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0960&#31;reute
+u f BC-TERMS-FIXED-ON-NICHER   06-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TERMS FIXED ON NICHEREI SEVEN YEAR WARRANT BOND</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>The coupon on the 50 mln dlr, seven year,
+equity warrant eurobond for Nicherei Corp has been fixed at the
+indicated 2-7/8 pct, lead manager Yamaichi International
+(Europe) Ltd said.
+    The exercise price was set at 974 yen per share
+representing a premium of 2.54 pct over today's close in Tokyo
+of 950 yen. The foreign exchange rate was set at 147.45 yen to
+the dollar.
+    Nicherei also launched a 100 mln dlr, five year, equity
+warrant deal through Nikko Securities Co (Europe) Ltd. The
+coupon on this issue was fixed at 1-3/8 pct earlier today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7935" NEWID="19607">
+<DATE>29-JUN-1987 09:46:12.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L 
+&#22;&#22;&#1;f0967&#31;reute
+u f BC-slaughter-guesstimate   06-29 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>Chicago Mercantile Exchange floor
+traders and commission house representatives are guesstimating
+today's hog slaughter at about 260,000 to 265,000 head, versus
+259,000 a week ago and 262,000 a year ago.
+    Cattle slaughter is guesstimated in the 127,000 to 130,000
+head range, versus 125,000 week ago and 138,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7936" NEWID="19608">
+<DATE>29-JUN-1987 09:46:36.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0968&#31;reute
+d f BC-AMEV-HOLDINGS-TO-SELL   06-29 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEV HOLDINGS TO SELL UNIT TO USA FINANCIAL</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>AMEV Holdings Inc, the New York-based
+operating arm of NV AMEV &lt;AMEV.AS> in The Netherlands and
+parent company of Security Mutual Finance Corp, said it reached
+a definitive agreement to sell Security Mutual to USA Financial
+Services Inc.
+    Security Mutual, based in Decatur, Ala., operates 33 loan
+offices in fourh Southeastern states and has 90 mln dlrs in
+receivables outstanding.
+    USA Financial is a subsidiary of Chicago-based United
+Savings of America.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7937" NEWID="19609">
+<DATE>29-JUN-1987 09:47:58.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0971&#31;reute
+r f BC-PGI-HOUTEX-BUYS-80-PC   06-29 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PGI-HOUTEX BUYS 80 PCT OF SEIS PROS &lt;SEI></TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>PGI-Houtex, a private Houston company,
+said it bought about 80 pct of the common stock of Seis Pros
+Inc at 2.85 dlrs a share from the founding stockholders.
+    It said the total price for the 3,100,100 shares was
+8,835,285 dlrs.
+    Completion of the merger transaction is expected in three
+to four months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7938" NEWID="19610">
+<DATE>29-JUN-1987 09:48:10.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0973&#31;reute
+r f BC-RITE-AID-CORP-&lt;RAD>-1   06-29 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RITE AID CORP &lt;RAD> 1ST QTR NET MAY 30</TITLE>
+<DATELINE>    NEW YORK, June 29 -
+    </DATELINE><BODY>Shr 50 cts vs 40 cts
+    Net 20.8 mln vs 16.4 mln
+    Revs 531.7 mln vs 418.7 mln
+    NOTE: 1987 first qtr net gain from discontinued operations
+was 47.1 mln or 1.64 dlrs per share. 1986 first qtr ended on
+May 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7939" NEWID="19611">
+<DATE>29-JUN-1987 09:51:14.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0982&#31;reute
+u f BC-MUNSON-GEOTHERMAL-&lt;MG   06-29 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUNSON GEOTHERMAL &lt;MGEO.O> VALUES PROJECTS</TITLE>
+<DATELINE>    RENO, Nev., June 29 - </DATELINE><BODY>Munson Geothermal Inc said power
+plant projects under development in Nevada have a completion
+value of about 70 mln dlrs.
+    The company said an appraisal was conducted by Marshall and
+Stevens Inc.
+    Munson said its financial adviser, Samuel Montagu Capital
+Markets, called for the appraisal. Montagu is to assist Munson
+in raising up to 20 mln dlrs of additional financing to
+complete existing installation at Brady Hot Springs, Nev. and
+create a new geothermal generating facility at Black Butte,
+Nev.
+    Munson said it and its partners have invested more than 9.0
+mln dlrs in the Brady project, a 9.7-megawatt facility that was
+appraised at a market value of 28.5 mln dlrs upon completion
+based on the income approach.
+    Munson and partners have 30-year power sales contracts with
+Sierra Pacific Resources &lt;SRP>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7940" NEWID="19612">
+<DATE>29-JUN-1987 09:54:54.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0992&#31;reute
+r f BC-CIBA-GEIGY-ANNOUNCES   06-29 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIBA-GEIGY ANNOUNCES NUMBER OF SHARES TENDERED</TITLE>
+<DATELINE>    ARDSLEY, N.Y., June 29 - </DATELINE><BODY>&lt;Ciba-Geigy Corp> said at the
+close of business on June 25, the approximate number of
+Spectra-Physics Inc &lt;SPY> shares that it tendered was 116,271.
+    The company said on June 26, its offer to purchase all
+outstanding shares of Spectra-Physics at 36.50 dlrs per share
+had been extended to 5 p.m. New York City time on July one.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7941" NEWID="19613">
+<DATE>29-JUN-1987 09:56:58.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f0999&#31;reute
+r f BC-core-mark-to-sell   06-29 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORE-MARK &lt;CMK.TO> TO SELL FAST FOOD UNIT</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, June 29 - </DATELINE><BODY>Core-Mark
+International Inc said it agreed to sell the assets of its fast
+food subsidiary Sandy's Fast 'N Fresh to a subsidiary of Vista
+Group Ltd, a Los Angeles based investment banking firm.
+    Core-Mark said undisclosed proceeds from the sale would be
+about 80 pct cash and 20 pct note.
+    Part of the proceeds will be used to pay off existing bank
+lines of credit, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7942" NEWID="19614">
+<DATE>29-JUN-1987 09:57:44.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1003&#31;reute
+u f BC-MADAGASCAR-TENDERS-FO   06-29 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MADAGASCAR TENDERS FOR 20,000 TONNES SOFT WHEAT</TITLE>
+<DATELINE>    KANSAS CITY, June 29 - </DATELINE><BODY>Madagascar will tender today for two
+10,000-tonne cargoes of soft red winter wheat for last-half
+July and first-half August shipments with PL480 financing, U.S.
+exporters said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7943" NEWID="19615">
+<DATE>29-JUN-1987 09:59:24.22</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1007&#31;reute
+u f BC-MOSELEY-SECURITIES-&lt;M   06-29 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOSELEY SECURITIES &lt;MOSE.O> CHAIRMAN RESIGNS</TITLE>
+<DATELINE>    BOSTON, June 29 - </DATELINE><BODY>Moseley Securities Corp said Howard Berg
+resigned as chairman and chief executive officer.
+    It said Frederick S. Moseley III assumed the position of
+chairman. In other management changes, Omar Kassem was named
+vice chairman and chief executive officer, and James
+Wolitarsky, executive vice president and chief financial
+officer, was appointed president and chief operating officer.
+    The company also said it named a Management Committee
+consisting of Wolitarsky and six executive vice presidents.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7944" NEWID="19616">
+<DATE>29-JUN-1987 10:00:09.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1008&#31;reute
+f f BC-U.S.-SALES-OF-S   06-29 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SALES OF SINGLE-FAMILY HOMES FELL 14.9 PCT IN MAY
+AFTER REVISED 1.0 PCT APRIL RISE
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7945" NEWID="19617">
+<DATE>29-JUN-1987 10:00:18.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1009&#31;reute
+u f BC-GERMAN-1987-TRADE-SUR   06-29 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN 1987 TRADE SURPLUS SEEN STAYING HIGH</TITLE>
+<AUTHOR>    By Anthony Williams, Reuters</AUTHOR>
+<DATELINE>    BONN, June 29 - </DATELINE><BODY>West Germany's foreign trade and current
+account surpluses are expected to decline only slightly in 1987
+from their record levels last year, economists said.
+    Figures released by the Federal Statistics Office in
+Wiesbaden showed that in the first five months of the year the
+trade surplus grew 15.7 pct compared with the same 1986 period
+to 47.2 billion marks. The current account surplus rose 9.8 pct
+to 33.7 billion marks.
+    West Germany reported a 1986 current account surplus of 77
+billion marks and a trade surplus of 113 billion marks.
+    Economists had expected the rise of the mark from year-ago
+levels to have started biting more strongly into the nominal
+surpluses.
+    The real surpluses are already declining. The Statistics
+Office said after cheaper import prices were taken into
+consideration, West Germany's imports by volume rose by more
+than three pct in the first five months.
+    Exports had risen by only about one pct in real terms. The
+government has pointed to this stronger real rise in imports
+than exports when rejecting international pressure to boost
+domestic consumption.
+    The Statistics Office said West Germany's trade surplus had
+risen in May to 10.6 billion marks, from 8.9 billion in April
+and 8.1 billion in May last year.
+    The current account surplus had risen to 7.5 billion marks
+in May from 6.1 billion in April and 6.3 billion marks a year
+earlier.
+    Exports rose strongly from the year-ago month by 6.6 pct to
+43.31 billion marks, while May imports of 32.76 billion marks
+had risen only 0.8 pct in the year.
+    The Ifo economic research institute in Munich said in a
+study published today that the trade surplus would probably
+only fall to around 101 billion marks this year, compared with
+the 113 billion mark 1986 record.
+    It predicted a fall in the current account surplus to 61
+billion marks from 77 billion.
+    Ifo said this reduction would only be "a small step on the
+way to reducing imbalances in the world economy."
+    Peter Pietsch, an economist with Commerzbank AG, predicted
+a 1987 trade surplus of 100 billion marks. He saw a slightly
+higher current account surplus than Ifo of possibly 65 billion
+marks.
+    Helmut Henschel, with Westdeutsche Landesbank, put the 1987
+trade surplus at 95 billion marks and the current account
+surplus at 60 billion marks.
+    He said the strong rise in exports in May from the year-ago
+period was surprising but it probably reflected calendar
+factors.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7946" NEWID="19618">
+<DATE>29-JUN-1987 10:02:28.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f1022&#31;reute
+b f BC-SEC-SEEKS-COURT-REVIE   06-29 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC SEEKS COURT REVIEW OF TEXACO &lt;TX> CASE</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., June 29 - </DATELINE><BODY>Texaco Inc said the U.S.
+Securities and Exchange Commission will urge the Texas Supreme
+Court to accept the Texaco, Pennzoil Co &lt;PZL> case for review
+with respect to Commission Rule 10b-13 as it applies to the
+facts of the case.
+    Texaco said it is pleased and encouraged by the SEC's
+decision, pointing out "Pennzoil's own counsel told the trial
+court that 'If Rule 10B-13 was an impediment, then in fact our
+contract was void' and further that, if the alleged contract
+was void, "we have no case.'"
+    In a letter dated June 26, the SEC's general counsel told
+attorneys representing Texaco and Pennzoil the commission will
+urge the Texas Supreme Court to review the issue of federal
+securities law in the Texaco-Pennzoil case, Texaco said.
+    "This is to inform you that the commission has determined
+to file a brief amicus curiae in the (Texaco-Pennzoil)
+litigation. The brief will focus on Commission Rule 10b-13 as
+it applies to the facts of this case, and will urge the Texas
+Supreme Court to accept the case for review with respect to
+that issue," the letter said.
+    The SEC's general counsel said, "we currently anticipate
+that the brief will be filed around the week of July 20."
+    An issue concerning SEC Rule 10b-13 is part of Texaco's
+application for a Writ of Error, which was filed with the Texas
+Supreme Court on June 15, the company said.
+    "The SEC rule prohibits private agreements or arrangements
+to purchase a target company's stock while a tender offer by a
+prospective purchaser is pending," the company's statement said.
+   
+    In its application to the Texas Supreme Court, Texaco said,
+it points out that "on the day that Pennzoil made its alleged
+agreement to purchase Getty Oil stock (Jan. 3, 1984), it
+(Pennzoil) had outstanding a public tender offer for Getty Oil
+stock."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7947" NEWID="19619">
+<DATE>29-JUN-1987 10:03:41.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1029&#31;reute
+b f BC-/U.S.-HOME-SALES-FELL   06-29 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOME SALES FELL 14.9 PCT IN MAY</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>Sales of new, single-family homes
+fell 14.9 pct in May from April to a seasonally adjusted annual
+rate of 616,000 units, the Commerce Department said.
+    The department revised April sales downward to show a 1.0
+pct increase from March to 724,000 units instead of the
+previously reported 7.6 pct gain.
+    Last month's drop was the biggest since January, 1982, when
+sales fell 19.5 pct and brought the level of sales to its
+lowest point since December, 1984, when 597,000 units were
+sold, the department said.
+    Home sales in May were 20.7 pct below the May, 1986, level
+of 777,000, the department said.
+    Before seasonal adjustment, the number of homes actually
+sold in May totaled 58,000, down from 71,000 in April and
+75,000 in May a year ago.
+    The average price was 129,600 dlrs in May, up from 117,500
+dlrs in April and 114,600 dlrs in May, 1986.
+    The median price was 106,800 dlrs, up from 97,900 dlrs in
+April and 92,100 dlrs in May a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7948" NEWID="19620">
+<DATE>29-JUN-1987 10:06:55.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1041&#31;reute
+r f BC-MAURITIUS-COULD-HAVE   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAURITIUS COULD HAVE OFFSHORE BANKING BY JANUARY</TITLE>
+<DATELINE>    PORT LOUIS, June 29 - </DATELINE><BODY>Mauritian Finance Minister Seetanah
+Lutchmeenmaraidoo said the island's first offshore bank could
+open in January 1988.
+    The minister was announcing the creation of a committee of
+eight economists to look at ways of encouraging foreign
+investment, especially offshore banking.
+    The committee, part of the government's plans to make
+Mauritius an international financial centre, is expected to
+submit its recommendations within three months.
+    Lutchmeenmaraidoo also circulated a white paper on
+legislation to set up a stock exchange on the island.
+    He said the exchange would be a powerful instrument of
+economic democratisation and the legislation would include
+incentives to encourage shareholding by a wide public.
+    The government would also introduce a bill to protect
+investors and set up a vigilance committee with powers to
+suspend any company from the stock exchange, halt trading in
+its shares and take punitive measures for illegal practices.
+    The stock exchange would probably become fully operational
+in the next five to 10 years, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7949" NEWID="19621">
+<DATE>29-JUN-1987 10:09:10.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1053&#31;reute
+u f BC-CTS-&lt;CTS>-HALVES-DIVI   06-29 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CTS &lt;CTS> HALVES DIVIDEND TO 12-1/2 CTS</TITLE>
+<DATELINE>    ELKHART, IND., June 29 - </DATELINE><BODY>CTS Corp said its directors voted
+to halve the quarterly dividend to 12-1/2 cts from 25 cts,
+payable August five, record July seven.
+    CTS said the action was taken to increase cash available
+for reinvestment in the company's business.
+    Reduction in the quartelry dividend was not the result of
+any sudden, materially adverse change in business conditions or
+in response to any actions taken by its banks or creditors,
+according to a company statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7950" NEWID="19622">
+<DATE>29-JUN-1987 10:12:22.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1063&#31;reute
+d f BC-PENNWALT-&lt;PSM>-INTROD   06-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNWALT &lt;PSM> INTRODUCES NEW REFRIGERANT</TITLE>
+<DATELINE>    PHILADELPHIA, June 29 - </DATELINE><BODY>Pennwalt Corp said it is making a
+new refrigerant available as an alternative to
+chlorofluorocarbon (CFC) 12, a product suspected of depleting
+the earth's ozone layer.
+    The company said the new product, called isotron 142b/22,
+is a blend of partially halogenated CFCs, and has less than
+five pct of the ozone depletion potential of CFC 12, which is
+fully halogenated.
+    According to the company, the blend is currently used to
+replace CFC 12 as a propellant in aerosol containers, and has
+been successfully tested as a refrigerant.
+   
+    Pennwalt manufactures chemicals, pharmaceuticals and
+precision equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7951" NEWID="19623">
+<DATE>29-JUN-1987 10:13:31.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T L 
+&#22;&#22;&#1;f1066&#31;reute
+u f BC-/U.S.-CONGRESS-RESOLV   06-29 0140</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONGRESS RESOLVES CCC FUNDING CRISIS</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>Congress's long-awaited agreement
+last Friday on an urgent bill to fund government operations is
+expected to clear the way for the Agriculture Department to
+unlock its coffers, closed since May 1.
+    House and Senate negotiators, breaking an extended logjam
+over fiscal 1987 funding, agreed to appropriate 5.6 billion
+dlrs to the Commodity Credit Corp.
+    The bill, which is expected to be approved by both Houses
+this week and signed into law soon by the president, would
+cover all farm program costs through September 30 and provide a
+1.0 billion dlrs cushion, congressional sources said.
+    Elevator operators, transportation companies and dairy
+processors have been especially hard hit by the freeze on CCC
+payments, now entering its ninth week, USDA sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7952" NEWID="19624">
+<DATE>29-JUN-1987 10:13:48.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1067&#31;reute
+f f BC-FRENCH-13-WEEK-T-BILL   06-29 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH 13-WEEK T-BILL AVERAGE RATE FALLS TO 7.66 PCT FROM
+7.72 PCT - OFFICIAL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7953" NEWID="19625">
+<DATE>29-JUN-1987 10:15:42.17</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1074&#31;reute
+u f BC-FRENCH-INFLATION-CONF   06-29 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRENCH INFLATION CONFIRMED AT 0.2 PCT IN MAY</TITLE>
+<DATELINE>    PARIS, June 29 - </DATELINE><BODY>French retail prices rose a confirmed 0.2
+pct in May compared with a 0.5 pct rise in April and 0.2 pct in
+May last year, the National Statistics Institute (INSEE) said.
+    The rise took the year-on-year inflation rate to 3.4 pct in
+May from 3.5 pct in April, and brought cumulative inflation
+over the first five months of this year to 2.0 pct compared
+with 0.7 pct for the same period of 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7954" NEWID="19626">
+<DATE>29-JUN-1987 10:20:36.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D><D>tose</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1101&#31;reute
+r f BC-BET-TO-APPLY-FOR-LIST   06-29 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BET TO APPLY FOR LISTINGS IN NEW YORK, TORONTO</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>BET Plc &lt;BETL.L> said it will apply for
+listings on the New York and Toronto stock exchanges.
+    BET said it filed its registration statement with the
+authorities in North America for the share issue cleared by its
+shareholders at the extraordinary meeting on March 19.
+    The combined offering will involve up to 25.8 mln new BET
+shares in the form of American Depositary Receipts, with four
+BET shares per ADR. The shares were valued at 77.3 mln stg at
+Friday's London closing price of 300p.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7955" NEWID="19627">
+<DATE>29-JUN-1987 10:21:31.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1103&#31;reute
+u f BC-BRITISH-AIRWAYS-SEES   06-29 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AIRWAYS SEES FIRST QUARTER RECOVERY</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>British Airways Plc's &lt;BAB.L> May
+passenger and cargo traffic figures provided evidence of
+recovery from last year's setbacks and this trend will be
+reflected in first quarter results due in August, chairman Lord
+King told the annual meeting.
+    Earlier this month, the newly-privatised airline reported a
+29 pct rise in passenger traffic figures for May, with cargo
+traffic up 22 pct.
+    In the year to March, British Airways reported a drop in
+pre-tax profits to 162 mln stg from 195 mln previously.
+However, King said this result was satisfactory, considering
+the difficulties posed by the Chernobyl disaster and the U.S.
+Raid on Libya.
+    He said British Airways intended to return its tour travel
+operations to profitability, when questioned by shareholders.
+    In 1986/87, this division reported an operating loss of
+nine mln stg, the fifth year of losses. However, he said the
+group might reconsider its course of action if a turnaround
+seemed unlikely in the long-term.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7956" NEWID="19628">
+<DATE>29-JUN-1987 10:22:27.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1107&#31;reute
+u f BC-ALLIS-CHALMERS-&lt;AH>-L   06-29 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIS-CHALMERS &lt;AH> LISTING EXAMINED BY NYSE</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>The New York Stock Exhcange said it is
+reviewing the eligiblity for continued listing of the common 
+stock and 5.875 dlrs cumulative convertible preferred stock,
+series C, of Allis-Chalmers Corp in view of its announcement
+that it has filed a voluntary petition under Chapter 11 of the
+Federal bankruptcy code.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7957" NEWID="19629">
+<DATE>29-JUN-1987 10:22:59.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1109&#31;reute
+u f BC-ABN-DETAILS-SYNDICATE   06-29 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABN DETAILS SYNDICATE FOR 50 MLN AUS DLR AKZO LOAN</TITLE>
+<DATELINE>    AMSTERDAM, June 29 - </DATELINE><BODY>Lead manager Algemene Bank Nederland
+(ABN) said it has completed the formation of a syndicate for
+Dutch chemical firm Akzo NV &lt;AKZO.AS>'s three-year 14 pct, 50
+mln Australian dlr bonds priced at 101.5 pct.
+    Co-lead manager is Hambros Bank of London, ABN said.
+    Co-managers are Bankers Trust International Ltd, Banque
+Bruxelles Lambert, Bank Mees &amp; Hope, Banque Nationale de Paris,
+Deutsche Bank Capital Markets, Dresdner Bank, EBC Amro,
+Kredietbank NV, Van Lanschot Bankiers, Nederlandsche
+Middenstandsbank, Pierson, Heldring en Pierson, Rabobank,
+Vereins &amp; Westbank and S.G. Warburg Securities.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7958" NEWID="19630">
+<DATE>29-JUN-1987 10:26:14.11</DATE>
+<TOPICS><D>acq</D><D>oilseed</D><D>sunseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1128&#31;reute
+u f BC-STALEY-&lt;STA>-SELLS-IN   06-29 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STALEY &lt;STA> SELLS INTEREST IN SPANISH VENTURE</TITLE>
+<DATELINE>    ROLLING MEADOWS, ILL., June 29 - </DATELINE><BODY>Staley Continental Inc
+said it sold its 50 interest in Sociedad Iberica de
+Molturacion, S.A. (Simsa), a soybean and sunflower seed
+processing company based in Madrid, Spain.
+    Staley's investment in Simsa no longer fit its overall
+coporate strategy and an agreement to sell the interest was
+completed in May, it said.
+    Staley said the Simsa transaction will not have a material
+effect on its balance sheet.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7959" NEWID="19631">
+<DATE>29-JUN-1987 10:34:00.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1164&#31;reute
+f f BC-martin-processi   06-29 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MARTIN PROCESSING SAID IT ACCEPTS 20 DLRS/SHARE BID FROM
+COURTAULDS PLC
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7960" NEWID="19632">
+<DATE>29-JUN-1987 10:38:48.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1182&#31;reute
+r f BC-lac-files-to-issue   06-29 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAC &lt;LAC> FILES TO ISSUE FLOW-THROUGH SHARES</TITLE>
+<DATELINE>    TORONTO, June 29 - </DATELINE><BODY>Lac Minerals Ltd said it filed a
+preliminary prospectus for an initial offering in Canada of
+flow-through common shares.
+    Size and pricing of the issue have not yet been determined,
+the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7961" NEWID="19633">
+<DATE>29-JUN-1987 10:39:26.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1186&#31;reute
+r f BC-HELENE-CURTIS-&lt;HC>-SE   06-29 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELENE CURTIS &lt;HC> SEES 2ND QTR LOSS</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>Helene Curtis Industries Inc said due to
+increased expenditures budgeted to promote its new Salon
+Sectives brand, the company will likely produce a loss for the
+second quarter ending August 31.
+    In the 1986 second quarter it earned 1,947,000 or 53 cts a
+share.
+    Earlier the cosmetics company posted first-quarter net of
+139,000 or four cts a share versus a loss in the year-ago
+period of 799,000 or 22 cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7962" NEWID="19634">
+<DATE>29-JUN-1987 10:40:15.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1191&#31;reute
+r f BC-CONQUEST-EXPLORATION   06-29 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONQUEST EXPLORATION &lt;CQX> WARRANTS EXPIRE</TITLE>
+<DATELINE>    HOUSTON, June 29 - </DATELINE><BODY>Conquest Exploration Co said it will not
+extend the exercise date of its publicly traded warrants after
+July 15, the current expiration date.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7963" NEWID="19635">
+<DATE>29-JUN-1987 10:41:15.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1198&#31;reute
+r f BC-FRONTIER-&lt;FRTR.O>-BUY   06-29 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRONTIER &lt;FRTR.O> BUYS MALPRACTICE BUSINESS</TITLE>
+<DATELINE>    MONTICELLO, N.Y., June 29 - </DATELINE><BODY>Frontier Insurance Group Inc
+said it acquired the malpractice book of business generated by
+Medical Quadrangle Inc and Medical Professional Liability
+Agency Ltd, a producer of medical malpractice coverage.
+    It said the acquisition will enable all of Frontier's
+medical malpractice coverage to be serviced internally.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7964" NEWID="19636">
+<DATE>29-JUN-1987 10:41:34.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1200&#31;reute
+u f BC-TEXAS-AMERICAN-ENERGY   06-29 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AMERICAN ENERGY &lt;COLD.O> TO RELEASE NEWS</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Texas American Energy Corp said it will
+release information soon following the halt of its stock on the
+NASDAQ exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7965" NEWID="19637">
+<DATE>29-JUN-1987 10:42:45.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>poland</D></PLACES>
+<PEOPLE><D>nakasone</D><D>jaruzelski</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1202&#31;reute
+u f BC-JAPAN-SETS-CONDITION   06-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN SETS CONDITION FOR CAR PLANT LOAN TO POLAND</TITLE>
+<DATELINE>    TOKYO, June 29 - </DATELINE><BODY>Japan said an international agreement on
+loans to Poland was needed before Tokyo extended fresh loans to
+Warsaw to help a Japanese car maker set up a factory there.
+    Prime Minister Yasuhiro Nakasone explained the conditions
+during the first round of talks with the visiting Polish leader
+Wojciech Jaruzelski, foreign ministry sources said.
+    They quoted Jaruzelski as saying of a private Japanese plan
+to export car production facilities to Poland, "If this project
+goes well, it will serve as an engine in future economic
+relations between Poland and Japan."
+    Nakasone, speaking of the possibility of resuming extending
+official loans to Poland, said, "It is necessary that an
+agreement should be established at an international arena such
+as the Paris Club of creditor nations."
+    He hoped that such an agreement will be achieved at an
+early date, but he did not make firm commitments about Japanese
+loans, the sources said.
+    Along with western nations, Japan has witheld new official
+credits to Poland since February 1982, following the 1981
+declaration of martial law in Poland.
+    The Japanese car maker Daihatsu Motor &lt;DMOT.T> and three
+trading houses including Mitsui Co Ltd plan to export
+production facilities to Poland's state-owned car maker FSO to
+make the Charade minicar, according to Mitsui officials.
+    "We are pushing the plan on the premise of an official
+credit to be extended eventually," a Mitsui spokesman said.
+    Nakasone also said that a joint Japan-Poland economic
+committee would discuss the proposed conclusion of an
+investment protection agreement later this year, the sources
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7966" NEWID="19638">
+<DATE>29-JUN-1987 10:44:13.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1208&#31;reute
+r f BC-CORRECTED-FIDELCOR-&lt;F   06-29 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTED-FIDELCOR &lt;FICR.O> TO ADD TO LOAN LOSSES</TITLE>
+<DATELINE>    PHILADELPHIA, June 29 - </DATELINE><BODY>Fidelcor Inc said it will take a
+one-time 30 mln dlr special provision in the second quarter for
+possible losses in loans to developing countries.
+    The corporation said it will be profitable in the quarter
+despite the action that will reduce quarterly net income by 23
+mln dlrs, or 37 cts a share on a fully diluted basis.
+    For the year-ago second quarter, Fidelcor reported earnings
+of 24.8 mln dlrs, or 95 cts a share.
+(Corrects spelling on company name)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7967" NEWID="19639">
+<DATE>29-JUN-1987 10:44:30.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1209&#31;reute
+u f BC-HELENE-CURTIS-INDUSTR   06-29 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HELENE CURTIS INDUSTRIES INC &lt;HC> 1ST QTR NET</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>Period end May 31
+    Shr profit four cts vs loss 22 cts
+    Net profit 139,000 vs loss 799,000
+    Revs 101.9 mln vs 86.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7968" NEWID="19640">
+<DATE>29-JUN-1987 10:45:05.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1210&#31;reute
+r f BC-sterivet-has-fda   06-29 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERIVET &lt;STVTF.O> HAS FDA REVIEW STATUS</TITLE>
+<DATELINE>    TORONTO, June 29 - </DATELINE><BODY>Sterivet Laboratories Ltd said the U.S.
+Food and Drug Administration granted expedited review status
+for its proprietary drug Navicon.
+    The company said future marketability of Navicon in the
+U.S. will be greatly facilitated by receiving expedited review
+status and the company should achieve wide penetration once FDA
+approval for the drug is received.
+    Navicon is a drug designed to treat navicular disease which
+affects the feet of one-third of all horses aged between five
+and 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7969" NEWID="19641">
+<DATE>29-JUN-1987 10:49:56.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>conable</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C 
+&#22;&#22;&#1;f1227&#31;reute
+d f AM-CONABLE   06-29 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK CHIEF STRESSES THIRD WORLD GROWTH</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>The World Bank is prepared to play a
+more aggressive role in promoting Third World development, bank
+president Barber Conable said in a magazine interview.
+    "Our plans include initiatives on the debt front, as well as
+greater emphasis on debt-equity swaps and the promotion of
+private investment in Third World countries through our
+affiliate, the International Financial Corporation," Conable
+told Newsweek International.
+    Conable, who has just completed his first year as head of
+the World Bank, said the bank's mission remains the development
+of Third World nations.
+    "The bank is primarily a development institution, not a
+debt-management agency. But debt must be managed effectively or
+it hampers development," he told Newsweek.
+    Conable said the bank must step in to help relieve the debt
+crisis, which has prompted a number of U.S. commercial banks to
+write off a portion of their Third World loans.
+    Conable defended his own reorganization plan for the World
+Bank, which he said was aimed at improving efficiency and
+limiting a growing bureaucracy.
+    And he said environmental considerations will play a larger
+role in the evaluation of proposed projects.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7970" NEWID="19642">
+<DATE>29-JUN-1987 10:51:30.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1234&#31;reute
+r f BC-le-groupe-videotron   06-29 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LE GROUPE VIDEOTRON LTEE &lt;VDO.TO> NINE MTHS NET</TITLE>
+<DATELINE>    MONTREAL, June 29 -
+    </DATELINE><BODY>Period ended May 31
+    Shr 41 cts vs 35 cts
+    Net 15.4 mln vs 11.9 mln
+    Revs 234.4 mln vs 96.6 mln
+    Avg shrs 38.0 mln vs 34.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7971" NEWID="19643">
+<DATE>29-JUN-1987 10:51:36.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1235&#31;reute
+d f BC-D-AND-N-&lt;DNSB.O>-APPL   06-29 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>D AND N &lt;DNSB.O> APPLIES FOR MART BRANCHES</TITLE>
+<DATELINE>    HANCOCK, MICH., June 29 - </DATELINE><BODY>D and N Savings Bank said it
+aapplied to the Federal Home Loan Bank Board for approval to
+open three new branches inside K mart Corp &lt;KM> stores in
+Michigan.
+    It said one of the branches being applied for is in Grand
+Rapids, Mich., which would bring to five the number of K mart
+locations in that city with D and N Bank Marts.
+    It said the other applications are for branches in Flint K
+mart stores.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7972" NEWID="19644">
+<DATE>29-JUN-1987 10:52:16.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1238&#31;reute
+d f BC-INTER-TEL-INC&lt;INTLA.O   06-29 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTER-TEL INC&lt;INTLA.O> 2ND QTR MAY 31 OPER NET</TITLE>
+<DATELINE>    CHANDLER, ARIZ., June 29 -
+    </DATELINE><BODY>Oper shr three cts vs one ct
+    Oper net 210,000 vs 67,000
+    Revs 10,252,000 vs 8,929,000
+    Avg shrs 7,933,000 vs 8,553,000
+    Six mths
+    Oper shr five cts vs two cts
+    Oper net 420,000 vs 133,000
+    Revs 20.3 mln vs 17.1 mln
+    Avg shrs 7,952,000 vs 8,551,000
+    NOTE: 1987 earnings exclude gain from utilization of tax
+loss carryforwards of 125,000 dlrs, or one ct a share in the
+quarter and 150,000 dlrs, or two cts a share for the six months
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7973" NEWID="19645">
+<DATE>29-JUN-1987 10:52:21.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1239&#31;reute
+d f BC-NEW-GENERATION-PRODUC   06-29 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW GENERATION PRODUCTS MAKES ACQUISITION</TITLE>
+<DATELINE>    SALT LAKE CITY, Utah, June 29 - </DATELINE><BODY>&lt;New Generation Products
+Inc> said it has acquired a 20 pct ownership in &lt;Personal
+Protection Technolgies Inc>.
+    New Generation said Personal Protection is developing a
+group of personal care products, which are effective in killing
+a variety of viruses and bacteria on contact, for U.S. and
+export markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7974" NEWID="19646">
+<DATE>29-JUN-1987 10:52:27.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1240&#31;reute
+d f BC-ADVANCED-NMR-SYSTEMS   06-29 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED NMR SYSTEMS &lt;ANMR.O> EXTENDS WARRANTS</TITLE>
+<DATELINE>    WOBURN, Mass., June 29 - </DATELINE><BODY>Advanced NMR Systems Inc said it
+extended the exercise period for its class A and class B
+warrants by one year.
+    The company said class A warrants, entitling the purchase
+of one share in Advanced Systems and one class B warrant at
+four dlrs per unit, will now be execrisable unitl Aug 18 1988.
+    The class B warrants, entitling the purchase of one share
+of common stock at six dlrs per share, are now exercisable
+unitl Aug 18 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7975" NEWID="19647">
+<DATE>29-JUN-1987 10:53:07.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1244&#31;reute
+d f BC-TOWN-AND-COUNTRY-JEWE   06-29 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOWN AND COUNTRY JEWELRY &lt;TNC> FIRST QTR NET</TITLE>
+<DATELINE>    NEW YORK, June 29 - 
+    </DATELINE><BODY>Shr 15 cts vs 12 cts
+    Net 1,240,939 dlrs vs 989,714 dlrs
+    Revs 32.9 mln dlrs vs 21.1 mln dlrs
+    Note: first quarter ended May 31. The company's full name  
+  is Town and Country Jewelry Manufacturing Corp
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7976" NEWID="19648">
+<DATE>29-JUN-1987 10:53:15.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1246&#31;reute
+d f BC-DATA-ARCHITECTS-INC-&lt;   06-29 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA ARCHITECTS INC &lt;DAI> 2ND QTR MAY 31 NET</TITLE>
+<DATELINE>    WALTHAM, Mass., June 29 - 
+    </DATELINE><BODY>Shr 19 cts vs 16 cts
+    Net 502,000 dlrs vs 401,000 dlrs
+    Revs 8.8 mln dlrs vs 6.7 mln dlrs
+    Six mths
+    Shr 38 cts vs 29 cts
+    Net 989,000 dlrs vs 745,000 dlrs
+    Revs 16.3 mln dlrs vs 12.5 mln dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7977" NEWID="19649">
+<DATE>29-JUN-1987 10:53:23.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1247&#31;reute
+b f BC-MARTIN-PROCESSING-&lt;MP   06-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARTIN PROCESSING &lt;MPI> ACCEPTS COURTAULDS BID</TITLE>
+<DATELINE>    MARTINSVILLE, Va., June 29 - </DATELINE><BODY>Martin Processing Inc said its
+board approved an agreement to be acquired by Courtaulds Plc
+&lt;COU.L> for 20 dlrs a share.
+    The company said the transaction is valued at more than 99
+mln dlrs, based on its 4,963,620 shares of stock outstanding.
+    It said Courtaulds has privately agreed to purchase a
+majority of Martin's common from trusts established by Julius
+Hermes for 20 dlrs a share. It said Courtaulds intends to
+conduct a tender offer for all the Martin stock it does not
+own, beginning as soon as necessary documents are prepared.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7978" NEWID="19650">
+<DATE>29-JUN-1987 10:53:31.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1249&#31;reute
+d f BC-LIFETIME-CORP-&lt;LFT>-Y   06-29 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFETIME CORP &lt;LFT> YEAR MARCH 27 NET</TITLE>
+<DATELINE>    NEW YORK, June 29 - 
+    </DATELINE><BODY>Shr 15 cts
+    Net 3.6 mln dlrs
+    Revs 96.9 mln dlrs
+    Note: the company said year-ago figures are not comparable 
+   due to its reverse merger last year
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7979" NEWID="19651">
+<DATE>29-JUN-1987 10:53:50.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1252&#31;reute
+d f BC-UNIVERSITY-GENETICS-C   06-29 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSITY GENETICS CO &lt;UGEN.O> 3RD QTR LOSS</TITLE>
+<DATELINE>    WESTPORT, Conn., June 29 - 
+    </DATELINE><BODY>Shr loss two cts vs loss four cts
+    Net loss 199,010 dlrs vs loss 398,202 dlrs
+    Revs 1,284,939 dlrs vs 359,440 dlrs
+    Nine mths
+    Shr loss 10 cts vs loss 14 cts
+    Net loss 973,542 dlrs vs loss 1,298,203 dlrs
+    Revs 3.9 mln dlrs vs 1,269,098 dlrs
+    Note:the third quarter ended April 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7980" NEWID="19652">
+<DATE>29-JUN-1987 10:54:53.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>nigeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M 
+&#22;&#22;&#1;f1254&#31;reute
+d f BC-NIGERIAN-MILITARY-DEL   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIGERIAN MILITARY MAY DELAY POWER TRANSFER</TITLE>
+<DATELINE>    LAGOS, June 29 - </DATELINE><BODY>Nigeria's military rulers will transfer
+power to an elected civilian government in 1992, two years
+later than previously planned, at the conclusion of a gradual
+handover starting this year, official sources said.
+    The Armed Forces Ruling Council has approved the main
+details of the transition, which will probably be announced
+this week by the President, General Ibrahim Babangida.
+    Among other important decisions, the council has also
+chosen to limit the number of political parties under civilian
+rule to two, the sources added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7981" NEWID="19653">
+<DATE>29-JUN-1987 10:56:16.55</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1263&#31;reute
+u f BC-EC-ANNUAL-INFLATION-F   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC ANNUAL INFLATION FALLS IN MAY</TITLE>
+<DATELINE>    LUXEMBOURG, June 29 - </DATELINE><BODY>The European Community's annual
+inflation rate fell marginally to 3.2 pct in May from 3.3 pct
+in April, the EC's statistics office Eurostat said.
+    Prices in the 12-nation bloc rose 0.2 pct in May after 0.6
+pct in April. But the annual rate stayed below that of the U.S.
+For the second month in succession, following the release of
+figures showing U.S. Inflation of 3.8 pct in both April and
+May.
+    However, Eurostat said the EC was still beaten by Japan,
+where prices were provisionally 0.1 pct lower in May than a
+year earlier.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7982" NEWID="19654">
+<DATE>29-JUN-1987 10:56:46.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1267&#31;reute
+u f BC-BSN-&lt;BSN>-HAS-PURCHAS   06-29 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BSN &lt;BSN> HAS PURCHASED MACGREGOR &lt;MGS> STOCK</TITLE>
+<DATELINE>    DALLAS, June 29 - </DATELINE><BODY>BSN Corp said it purchased MacGregor
+Sporting Goods' common stock in recent open market
+transactions.
+    BSN said its position is less than the five pct ownership
+which would require specific disclosure. The company will
+continually review its position and may nelect to increase or
+decrease the number of shares owned, it added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7983" NEWID="19655">
+<DATE>29-JUN-1987 10:58:02.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1274&#31;reute
+d f BC-TELECOMMUNICATIONS-NE   06-29 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELECOMMUNICATIONS NETWORK &lt;TNII.O> YEAR NET</TITLE>
+<DATELINE>    KEARNY, N.J., June 29 - 
+    </DATELINE><BODY>Shr 38 cts vs 47 cts
+    Net 968,000 dlrs vs 1,053,000 dlrs
+    Revs 15.4 mln dlrs vs 12.6 mln dlrs
+    Note:the year ended March 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7984" NEWID="19656">
+<DATE>29-JUN-1987 11:01:04.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1285&#31;reute
+u f BC-U.S.-CONGRESS-RESOLVE   06-29 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CONGRESS RESOLVES CREDIT CORP FUNDING CRISIS</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>Congress's long-awaited agreement
+last Friday on an urgent bill to fund government operations is
+expected to clear the way for the Agriculture Department to
+unlock its coffers, closed since May 1.
+    House and Senate negotiators, breaking an extended logjam
+over fiscal 1987 funding, agreed to appropriate 5.6 billion
+dlrs to the Commodity Credit Corp.
+    The bill, which is expected to be approved by both Houses
+this week and signed into law soon by the president, would
+cover all farm program costs through September 30 and provide a
+1.0 billion dlrs cushion, congressional sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7985" NEWID="19657">
+<DATE>29-JUN-1987 11:01:22.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1287&#31;reute
+r f BC-HOVNANIAN-ENTERPRISES   06-29 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOVNANIAN ENTERPRISES &lt;HOV> 1ST QTR MAY 31 NET</TITLE>
+<DATELINE>    NEW YORK, June 29 -
+    </DATELINE><BODY>Shr 27 cts vs 14 cts
+    Net 5,664,000 vs 2,812,000
+    Revs 68.2 mln vs 54.7 mln
+    Avg shrs 21,254,054 vs 20,167,714
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7986" NEWID="19658">
+<DATE>29-JUN-1987 11:01:57.43</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>belgium</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1290&#31;reute
+h f AM-COMMUNITY-PASTA   06-29 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMISTICE ELUDES EC AND U.S. IN SPAGHETTI WAR</TITLE>
+<DATELINE>     BRUSSELS, June 29 - </DATELINE><BODY>Talks between the European Community
+(EC) and the United States have failed to settle a trade
+dispute over pasta, an EC Commission spokesman said.
+    Diplomatic sources said the dispute could provoke new trade
+friction unless it was settled soon.
+    Washington is insisting that the EC comply with what it
+regards as an unambiguous ruling from the world trade body GATT
+and cut export subsidies which have allowed Italy to take an
+increasing share of the U.S. pasta market.
+    The EC provides subsidies of about 16 cents a pound on
+pasta exports. The spokeswoman said the talks foundered on the
+question of how much the subsidy should be cut.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7987" NEWID="19659">
+<DATE>29-JUN-1987 11:02:18.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1293&#31;reute
+d f BC-UNITED-BANK-&lt;USBK.O>   06-29 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED BANK &lt;USBK.O> FILES FOR OFFER</TITLE>
+<DATELINE>    VIENNA, VA., June 29 - </DATELINE><BODY>United Savings Bank said it filed an
+offering circular with the Federal Home Loan Bank Board
+covering 13 mln dlrs of its convertible subordinated debentures
+due 2012.
+    It said Johnston, Lemon and Co Inc is acting as
+representative of the underwriters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7988" NEWID="19660">
+<DATE>29-JUN-1987 11:03:21.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>james-miller</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1297&#31;reute
+r f AM-BUDGET (SCHEDULED)  06-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAID OPEN TO DEAL ON 1988 U.S. TAX RISE</TITLE>
+<AUTHOR>    By Irwin Arieff, Reuters</AUTHOR>
+<DATELINE>    BEAVER CREEK, Colo., June 29 - </DATELINE><BODY>President Reagan is willing
+to compromise with Democrats in Congress on a plan to raise new
+federal revenues next year if they back his plan to reform the
+budget process, White House Budget Chief James Miller said.
+    "If the Democrats want to insist that the president say
+whatever is agreed to is a tax increase, then they'd better
+just forget it because he's not going to do that," Miller said
+in an interview with Reuters.
+    "But there are a lot of revenues other than those the
+president proposed (in his January budget plan), I think, that
+we might look seriously at," he added.
+    The Reagan budget, which has been widely criticized by both
+Democrats and Republicans in Congress, envisages raising 22
+billion dlrs in new revenues through the sale of a package of
+government assets and new fees on certain federal services.
+    President Reagan has repeatedly vowed to veto any tax
+increase voted by Congress for the 1988 financial year, arguing
+that cutting domestic spending was a better way to reduce the
+huge federal deficit.
+    The deficit, which totaled 221 billion dlrs last year, is
+expected to decline to about 175 billion dlrs this year and
+would fall to about 140 billion dlrs next year under a budget
+blueprint recently approved by Congress.
+    The one trillion dlr congressional budget plan contains
+about 19 billion dlr in additional revenues from new taxes in
+the government's budgetary year beginning October 1.
+    The plan does not say how the additional revenues are to be
+raised, leaving it to the House Ways and Means and Senate
+Finance committees to fill in the details later this year.
+    Miller appeared to be signaling that the president might
+consider some sort of tax increase despite his frequently
+stated rejection of the concept.
+    However, Miller declined to say which new revenue sources
+might be acceptable to the president.
+    "I think it would be counterproductive for me to (set out
+options) which might suggest that we have one thing or another
+in mind," the White House budget chief said.
+    He cautioned Congress about the political repercussions of
+certain moves, such as raising excise taxes on beer, cigarettes
+or telephone service, or raising corporate or personal income
+tax rates.
+    "I think that those in Congress who think it will be a
+simple matter to go along with some increase in excise taxes
+are underestimating what they would be getting themselves into,"
+he said. "What they don't really realize is that the political
+opposition they are going to feel to excise taxes is going to
+be a lot hotter tahn the political opposition to user fees, in
+certain ways, or asset sales," he continued.
+    "But there are a lot of other things and revenue issues in
+government that probably ought to be addressed," he said.
+    Before agreeing to a revenue package, the president would
+insist on reform of the budget process, Miller said.
+    "The president is not going to take a sucker punch. He's not
+going to sit down and try to negotiate out a budget when we
+can't be sure that whatever the president agrees to in fact
+will be delivered," he emphasized.
+    "We'd like to have a budget process that gives us a
+contract, so that if the president agrees to something, he can
+depend on its coming through."
+    After returning to the United States from the economic
+summit in Venice earlier this month, President Reagan revived
+an earlier unsuccessful campaign for budget reform, calling for
+a constitutional amendment requiring a balanced budget and the
+power -- called a "line-item veto" -- to block individual items
+in congressional spending bills.
+    At the Venice summit, U.S. trading partners called on
+Washington to cut its budget deficit to help reduce global
+trade imbalances.
+   
+    Miller told an Italian journalist here yesterday that U.S.
+trading partners "have to have faith and trust in the ability of
+the United tates to deal with its problems."
+    He said a deficit cut of about 40 to 45 billion dlrs a year
+"is about the optimal rate of reduction in the deficit. I don't
+think we can end the deficit overnight... I think we've got to
+have a gradual reduction over a period of several years." 
+Miller is in Beaver Creek attending the sixth annual World
+Forum, a gathering of current and former government officials
+and business representatives discussing world economic and
+political issues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7989" NEWID="19661">
+<DATE>29-JUN-1987 11:05:20.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1311&#31;reute
+u f BC-EXERCISE-PRICE-SET-ON   06-29 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXERCISE PRICE SET ON NOKIA EQUITY WARRANT BOND</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>The exercise price for the warrants
+attached to the 100 mln dlr eurobond for Finland's Nokia Oy
+&lt;NOKS.HE> has been fixed, lead manager Morgan Guaranty Ltd
+said.
+    The five year, par-priced, deal was launched last Thursday
+and pays five pct. Each 5,000 dlr bond has 134 warrants
+attached which are each exercisable into one Nokia free
+preferred share at a price of 169.4 Finnish markka. This
+compares with today's closing price of 178 markka.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7990" NEWID="19662">
+<DATE>29-JUN-1987 11:05:49.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T 
+&#22;&#22;&#1;f1315&#31;reute
+r f BC-BANGLADESH-GOVERNMENT   06-29 0186</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH GOVERNMENT DROPS BUDGET TAX PROPOSALS</TITLE>
+<DATELINE>    DHAKA, June 29 - </DATELINE><BODY>The Bangladesh government dropped from its
+proposed budget some tax increases that had provoked opposition
+parties to call a national strike for tomorrow.
+    Prime Minister Mizanur Rahman Choudhury told Parliament
+last night the taxes were dropped to help farmers and the poor,
+but opposition groups said the strike was still on.
+    Choudhury also said the price of soybean oil and the excise
+duty on some fabrics would be lowered.
+    He said a proposed additional two pct land development tax
+from the budget, which is for fiscal 1987/88 starting July 1,
+had been dropped. Choudhury said the tax withdrawal would cause
+a revenue shortfall of 130 mln taka.
+    His announcement came shortly after the 21 opposition
+parties called a six-hour nationwide strike for tomorrow.
+    Opposition parties had said the taxes would affect the poor
+and middle class and leave the wealthy untouched, and the
+secretary-general of the opposition Bangladesh Nationalist
+Party, K.M. Obaidur Rahman, said the government's action would
+not avert tomorrow's strike.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7991" NEWID="19663">
+<DATE>29-JUN-1987 11:06:10.05</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1318&#31;reute
+r f BC-UTILICORP-&lt;UCU>-UNIT   06-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UTILICORP &lt;UCU> UNIT BUYS STAKE IN POWER PLANT</TITLE>
+<DATELINE>    KANSAS CITY, Mo., June 29 - </DATELINE><BODY>Utilicorp United Inc said its
+UtilCo Group subsidiary completed the purchase of a 38 pct
+interest in Westwood Energy Properties Limited Partnership for
+about 10 mln dlrs.
+    The company said the partership is building and will
+operate a 30-megawatt electric generation facility in Schuykill
+County, Penn., scheduled to begin commercial operation in July.
+It said the 38 pct interest was sold by Westwood Funding Corp,
+a wholly-owned subsidiary of Combustion Engineering Inc &lt;CSP>.
+Westwood Funding retains an interest in the partership and
+serves as a general partner, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7992" NEWID="19664">
+<DATE>29-JUN-1987 11:06:18.74</DATE>
+<TOPICS><D>gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f1319&#31;reute
+r f BC-EXXON-&lt;XON>-EXTENDS-M   06-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXXON &lt;XON> EXTENDS MID-GRADE UNLEADED MARKETING</TITLE>
+<DATELINE>    HOUSTON, June 29 - </DATELINE><BODY>Exxon Co U.S.A. said it is extending
+marketing of its mid-grade unleaded gasoline, Exxon Plus, into
+the Houston and Dallas/Fort Worth metropolitan areas beginning
+early next month.
+    Exxon Corp's domestic subsidiary is already marketing the
+89-octane unleaded gasoline along much of the East Coast.
+    As it introduces the third unleaded grade, Exxon noted, it
+no longer offers a leaded gasoline in the market, except in
+some rural areas where leaded gaosline will be made available
+to distributors who have a substantial need for the product to
+serve customers whose equipment was designed for leaded fuel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7993" NEWID="19665">
+<DATE>29-JUN-1987 11:06:36.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1322&#31;reute
+r f BC-labatt-has-carlsberg   06-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LABATT &lt;LBT.TO> HAS CARLSBERG BREWIING RIGHTS</TITLE>
+<DATELINE>    TORONTO, June 29 - </DATELINE><BODY>John Labatt Ltd said it acquired the
+Canadian brewing and marketing rights to the Carlsberg group of
+brands effective July 1, 1988.
+    Carlsberg products are now marketed in Eastern Canada by
+Carling O'Keefe Ltd, wholly owned by Elders IXL Ltd &lt;ELXA.S>.
+    Labatt said its agreement with United Breweries
+International Ltd, of Copenhagen, Denmark, is effective July 1,
+1988 and provides Labatt with the rights to Carlsberg,
+Carlsberg Light, Carlsberg Bock and Carlsberg Gold.
+    Labatt did not disclose financial terms of the marketing
+agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7994" NEWID="19666">
+<DATE>29-JUN-1987 11:07:44.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1327&#31;reute
+r f BC-CORADIAN-&lt;CDIN.O>-STA   06-29 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORADIAN &lt;CDIN.O> STAKE ACQUIRED BY SAGE</TITLE>
+<DATELINE>    ALBANY, N.Y., June 29 - </DATELINE><BODY>Coradian Corp said a group led by
+privately held Sage Equities Group agreed to buy a 7.6 pct
+interest in Coradian.
+    In connection with the agreement, the company said it sold
+666,667 shares at 75 cts a share.
+    It said that in addition to common stock, Sage Equities
+will receive 667,667 warrants exercisable at 1.50 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7995" NEWID="19667">
+<DATE>29-JUN-1987 11:09:59.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1339&#31;reute
+r f BC-SIKES-CORP-&lt;SKA>-1ST   06-29 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIKES CORP &lt;SKA> 1ST QTR MAY 31 NET</TITLE>
+<DATELINE>    LAKELAND, Fla., June 29 -
+    </DATELINE><BODY>Shr 24 cts vs 18 cts
+    Shr diluted 21 cts vs 18 cts
+    Net 2,108,805 vs 1,605,278
+    Sales 28.9 mln vs 24.2 mln
+    NOTE: Share results reflect two for one stock split to be
+paid July eight
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7996" NEWID="19668">
+<DATE>29-JUN-1987 11:10:15.63</DATE>
+<TOPICS><D>grain</D><D>rye</D><D>wheat</D><D>barley</D><D>oat</D><D>oilseed</D><D>rapeseed</D><D>sugar</D></TOPICS>
+<PLACES><D>denmark</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f1341&#31;reute
+r f BC-DANISH-CROPS-TWO-WEEK   06-29 0138</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DANISH CROPS TWO WEEKS BEHIND, OFFICIAL REPORT</TITLE>
+<DATELINE>    COPENHAGEN, June 29 - </DATELINE><BODY>Danish crops are up to two weeks
+behind normal growth levels due to the cold weather in May and
+June, when mean temperatures were up to four centigrade below
+average, the State Plant Cultivation Bureau said in a report.
+    At the season's first crop test on June 26, the bureau
+rated crops at an overall 94, the same as on June 20 last year.
+The figure of 100 represents normal in a year of average growth
+conditions with no crop damage.
+    The test gave ratings expressed as a factor of 100, as
+follows - winter wheat 96 (last year 91), winter rye 97 (98),
+winter barley 92 (90), spring barley 94 (98), oats 96 (98),
+fodder and sugar beets 87 (96), winter rapeseed 98 (94), spring
+rapeseed 94 (98).
+    Final harvest figures for 1986 were not yet available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7997" NEWID="19669">
+<DATE>29-JUN-1987 11:10:21.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1342&#31;reute
+r f BC-PIRELLI-GROUP-&lt;PIRI.M   06-29 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIRELLI GROUP &lt;PIRI.M> UNIT SELLS CABLE</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Pirelli group unit Pirelli Cable Corp's
+communications division said it signed a cable supply contract
+with NYNEX Corp &lt;NYN> unit, NYNEX Enterprises.
+    The company said Pirelli will supply NYNEX with fiber optic
+cables over the next year. Terms of the contract were not
+disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7998" NEWID="19670">
+<DATE>29-JUN-1987 11:11:40.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1349&#31;reute
+r f BC-UNICORP-&lt;UAC>-REPORTS   06-29 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNICORP &lt;UAC> REPORTS GAIN FROM PROPERTY SALe</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Unicorp American Corp said it sold
+three properties in the Boston area for aggregate proceeds of
+about 6,300,000 dlrs, resulting in a pre-tax gain of of about
+3,200,000 dlrs.
+    Income tax expense totaling about 1,700,000 dlrs reduced
+this gain to about 1,500,000 dlrs for financial reporting
+purposes, the company said.
+    The properties included an industrial building in Westwood,
+Mass., a building containing retail stores in Lexington, Mass.,
+and an office building in Bedford, Mass., the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="7999" NEWID="19671">
+<DATE>29-JUN-1987 11:14:22.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1355&#31;reute
+f f BC-kodak-is-distri   06-29 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>KODAK IS DISTRIBUTING AIDS TEST KIT MADE BY CELLULAR
+PRODUCTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8000" NEWID="19672">
+<DATE>29-JUN-1987 11:14:36.70</DATE>
+<TOPICS><D>trade</D><D>tea</D><D>coffee</D><D>cotton</D><D>castor-oil</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C 
+&#22;&#22;&#1;f1356&#31;reute
+d f BC-INDIA-RELAXES-RULES-F   06-29 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIA RELAXES RULES FOR EXPORT PROMOTION</TITLE>
+<DATELINE>    NEW DELHI, June 29 - </DATELINE><BODY>The Reserve Bank of India, RBI,
+announced new rules to allow exporters of 25 products to use
+foreign exchange up to 10 pct of their firm's total annual
+export earnings for export promotion abroad.
+    The move is designed by the government to improve India's
+trade deficit.
+    Products eligible for the new Blanket Exchange Permit
+Scheme include tea bags, cigarettes, coffee, leather, various
+textiles, chemicals, pharmaceuticals, plastics, engineering and
+electronic goods, ready-made garments, processed food, sports
+goods, fabricated mica and consultancy services.
+    The scheme replaces current rules which allow different
+amounts of foreign exchange to be used only when firms attain a
+minimum annual turnover prescribed for each product.
+    RBI said under the new rule, 16 other products will
+qualify, on a discretionary basis, for overseas promotional
+spending of not more than two pct of the freight-on-board value
+of annual export earnings.
+    These include oil cakes, cereals, raw cotton, raw and
+semi-processed leather, gems, castor and sandalwood oil,
+psyllium husks and seeds, opium and various mineral ores.
+    RBI said exporters of products not covered by either of the
+two groups will be eligible to use up to five pct of their
+freight-on-board value of their annual export earnings.
+    Industry sources said the new entitlements, considerably
+higher than the previous limits, are also more flexible because
+holders of new permits no longer need to frequently apply to
+RBI for release of foreign exchange for export purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8001" NEWID="19673">
+<DATE>29-JUN-1987 11:15:50.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1364&#31;reute
+r f BC-TEXTRON-&lt;TXT>-UNIT-ST   06-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXTRON &lt;TXT> UNIT STRIKE ENDS</TITLE>
+<DATELINE>    FORT WORTH, Texas, June 29 - </DATELINE><BODY>Textron Inc unit Bell
+Helicopter Textron Inc said it and two United Auto Workers
+union locals agreed to a new three-year contract, ending a
+three week strike.
+    It said production and maintenance members of Local 218 had
+been on strike for three weeks while clerical members of Local
+317 had been on strike for a week. A total of 4,000 people were
+out on strike.
+    A company spokesman said the strike was based on a
+disagreement over the method of future pay rises.
+    The spokesman said the company's original offer was based
+on lump sum payments over three years at six pct in the first
+year, four pct in the second year and three pct in the third.
+    He said management and the unions later agreed to a system
+that combined general pay increases with lump sum payments over
+the life of the contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8002" NEWID="19674">
+<DATE>29-JUN-1987 11:19:41.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1380&#31;reute
+r f BC-INTER-TEL-INC-&lt;INTLA.   06-29 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTER-TEL INC &lt;INTLA.O> 2ND QTR MAY 31 NET</TITLE>
+<DATELINE>    CHANDLER, Ariz., June 29 -
+    </DATELINE><BODY>Shr four cts vs one ct
+    Net 335,000 vs 67,000
+    Rev 10.1 mln vs 8.7 mln
+    Avg shares 7,933,000 vs 8,553,000
+    Six Months
+    Shr seven cts vs two cts
+    Net 570,000 vs 133,000
+    Rev 19.9 mln vs 16.8 mln
+    Avg shares 7,952,000 vs 8,551,000
+    NOTE: Qtr includes extraordinary gain of 125,000 dlrs, or
+one ct a share, while six months' net includes gain of 150,000,
+or two cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8003" NEWID="19675">
+<DATE>29-JUN-1987 11:21:09.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1389&#31;reute
+b f BC-ENTERTAINMENT-M   06-29 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ENTERTAINMENT MARKETING DEMANDS CRAZY EDDIE SHAREHOLDER
+LIST, MAY PURSUE MERGER
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8004" NEWID="19676">
+<DATE>29-JUN-1987 11:22:00.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f1396&#31;reute
+r f BC-UNISYS-&lt;UIS>-OFFERS-N   06-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNISYS &lt;UIS> OFFERS NEW CLASSROOM COMPUTER</TITLE>
+<DATELINE>    DETROIT, June 29 - </DATELINE><BODY>Unisys Corp said its public sector
+systems division will market the ICON Series, an enhanced
+microcomputer system for use in the classroom.
+    It said the computer, made by Ontario based &lt;Meridian 
+Technologies Inc>, allows students and teachers to run multiple
+programs simultaneously. It said the computer costs 1,895 dlrs
+with a one megabyte of memory.
+    It said the ICON Series is an enhanced version of an
+instructional system marketed in Canada since 1984. Unisys said
+it will market the ICON Series in the U.S. under an exclusive
+licensing agreement with Meridian Technologies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8005" NEWID="19677">
+<DATE>29-JUN-1987 11:26:43.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1408&#31;reute
+b f BC-PENNZOIL-(PZL)-ADVISE   06-29 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENNZOIL (PZL) ADVISED OF SEC BRIEF</TITLE>
+<DATELINE>    HOUSTON, June 29 - </DATELINE><BODY>Pennzoil Co said it was advised by the
+Securities and Exchange Commission that that commission will
+file an amicus curiae brief in the Texas Supreme Court
+concerning the Pennzoil/Texaco Inc (TX) litigation, but said it
+was not aware whether that brief will adopt the position of one
+of the litigants.
+    Pennzoil said the brief is expected to be filed about July
+20. "We do not know whether the brief will adopt the position
+of one of the litigants or simply be an inquiry and request for
+clarification of the reasoning of the two previous decisions in
+this matter, both of which have been favorable to Pennzoil, a
+Pennzol spokesman said.
+    Pennzoil said that regardless of the focus of the brief
+"Pennzoil will make an appropritate response in the court in
+due course."
+    Earlier today, Texaco said that in a letter dated June 26,
+the SEC's general counsel told attornys representing Texaco and
+Pennzoil that the commission will urge the Texas Supreme Court
+to review the issue of federal securities law in the case
+between the two companies. The litigation stems from Texaco's
+purchase of Getty Oil Co in 1984 after Pennzoil had made an
+offer from Getty.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8006" NEWID="19678">
+<DATE>29-JUN-1987 11:29:59.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1416&#31;reute
+u f BC-KODAK-&lt;EK>-MARKETING   06-29 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KODAK &lt;EK> MARKETING CELLULAR &lt;CELP.O> AIDS TEST</TITLE>
+<DATELINE>    ROCHESTER, N.Y., June 29 - </DATELINE><BODY>Eastman Kodak Co said it is
+marketing a test kit for the AIDS antibody developed and
+manufactured by Cellular Products Inc.
+    Kodak said the kit is the first in a series of diagnostic
+tests for certain retroviruses, infectious diseases, and
+various forms of cancer the company will distribute.
+    A Kodak spokesman would not give financial details of the
+agreement with Cellular Products.
+    The spokesman said the AIDS test is the first biotechnology
+product Kodak will market. He said the test is mainly suited
+for blood banks and blood products supply businesses.
+    He told Reuters that Kodak does not yet have a contract for
+the test with any businesses but several are pending.
+    Kodak said its AIDS test will cost about one dlr to 1.50
+dlrs each, depending on volume.
+    A positive test means there has been contact with the AIDS
+virus, but it does not mean that a person has or will develop
+AIDS.
+    Kodak also said it also market a test developed by Cellular
+that will detect a virus causing adult T-cell leukemia.
+    It said that test is pending regulatory approval at the
+Food and Drug Administration.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8007" NEWID="19679">
+<DATE>29-JUN-1987 11:30:17.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1417&#31;reute
+r f BC-DATACARD-&lt;DATC.O>-ADO   06-29 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATACARD &lt;DATC.O> ADOPTS DIVIDEND RIGHTS PLAN</TITLE>
+<DATELINE>    MINNEAPOLIS, June 29 - </DATELINE><BODY>DataCard Corp said it adopted a
+dividend rights plan in response to Deluxe Check Printers Inc
+&lt;DLX> having agreed to sell its 38 pct interest in DataCard to
+National Computer Systems Inc &lt;NLCS.O>.
+    DataCard declared a dividend distribution of one preferred
+stock purchase right on each outstanding share its common
+stock. The dividend is designed to deter National Computer or
+other potential suitors from preventing DataCard from
+evaluating all alternatives to maximize shareholder value,
+DataCard said.
+   
+    National Computer told Reuters June 22 it could make a bid
+for DataCard. On June 25 DataCard filed suit in Hennepin County
+District Court in Minnesota to block the sale of the 38 pct
+stake of its stock to National Computer.
+    In announcing the rights plan, DataCard said it "is not
+designed to deter takeovers that would be consistent with the
+objective of maximizing stockholders value to all of DataCard's
+stockholders."
+    The rights will not become exercisable until 10 days after
+an announcement that a person or group has acquired beneficial
+ownership of 44 pct or more of DataCard's common stock.
+   
+    Once exercisable, each right would entitle a holder to buy
+1/500th of a share of DataCard Series A junior participation
+preferred Stock for 35 dlrs. Holders other than an acquirer
+would be entitled to purchase, for six-months after the right
+becomes exercisable, a number of shares of the new preferred
+stock with a market value equal to twice the exercise price of
+the rights.
+    The rights dividend distribution is payable July 9 to
+shareholders of record July 9.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8008" NEWID="19680">
+<DATE>29-JUN-1987 11:30:22.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1418&#31;reute
+r f BC-SHELDAHL-INC-&lt;SHEL>-3   06-29 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHELDAHL INC &lt;SHEL> 3RD QTR MAY 30 NET</TITLE>
+<DATELINE>    NORTHFIELD, Minn., June 29 -
+    </DATELINE><BODY>Shr 12 cts vs one cent
+    Net 546,000 vs 48,000
+    Revs 22.3 mln vs 16.0 mln
+    Nine mths
+    Shr 44 cts vs seven cts
+    Net 1,857,000 vs 303,000
+    Revs 65.5 mln vs 46.0 mln
+    NOTE: Per share figures adjusted for three-for-two stock
+split paid April 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8009" NEWID="19681">
+<DATE>29-JUN-1987 11:31:40.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1422&#31;reute
+d f BC-FEDERAL-RESOURCES-&lt;FD   06-29 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL RESOURCES &lt;FDRC.O> ACQUIRES RETAILER</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Federal Resources Corp said it has
+acquired the capital stock and related real estate assets of
+&lt;New Generation Inc>, a regional consumer electronics specialty
+retailer.
+    Terms of the acquisition were not disclosed.
+    New Generation has annual sales volume of about 30 mln
+dlrs, Federal Resources said.
+    Federal Resources said it will search for additional
+acquisitions including, but not limited to, specialty
+retailers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8010" NEWID="19682">
+<DATE>29-JUN-1987 11:31:51.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1423&#31;reute
+d f BC-FIRST-UNION-CORP-&lt;FUN   06-29 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION CORP &lt;FUNC.O> SEES LOWER 2ND QTR</TITLE>
+<DATELINE>   CHARLOTTE, N.C., June 29 - </DATELINE><BODY>First Union Corp said its second
+quarter (ending June 30) earnings will be down around 13 cts a
+share from 65 cts a share in the second quarter last year to an
+estimated 59 mln dlrs or 53 cts a share.
+    The company said this will be the result of adding 25 mln
+dlrs to its reserve for Latin American loan exposures, bringing
+its reserve to 57 mln dlrs.
+    It said it expects its return on equity and return on
+assets to be among the highest for major United States banks
+this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8011" NEWID="19683">
+<DATE>29-JUN-1987 11:34:08.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1437&#31;reute
+u f BC-CRAZY-EDDIE   06-29 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTERTAINMENT &lt;EM> MAY SEEK CRAZY EDDIE &lt;CRZY></TITLE>
+<DATELINE>     WASHINGTON, June 29 - </DATELINE><BODY>Enetertainment Marketing Inc and its
+president Elias Zinn have demanded a list of Crazy Eddie Inc
+shareholders from the company and said they may pursue a merger
+of the Edison, N.J. electronics retailer.
+    In a filing with the Securities and Exchange Commission,
+Zinn said the demand for the shareholder list was made on June
+26 because he may desire to communicate with other Crazy Eddie
+shareholders "regarding the affairs" of the company.
+    Zinn and his firm, which disclosed they hold a 5.1 pct
+stake in Crazy Eddie common stock, said they may acquire more
+shares through a negotiated merger or tender offer.
+    Entertainment Marketing was informed on June 25 by Shearson
+Lehman Brothers Inc., acting on behalf of Crazy Eddie, that it
+would be provided with "certain information" about Crazy Eddie,
+it told the SEC.
+    Entertainment Marketing, a Houston-based firm involved in
+electronics wholesaling and televised home shopping sales,
+proposed an eight dlr a share merger acquisition of Crazy Eddie
+on May 29, and modified the proposal on June 9 to include the
+possible participation of Crazy Eddie management.
+    Entertainment Marketing told the SEC it expects to meet
+with Crazy Eddie representatives in the near future.
+    Entertainment Marketing also disclosed that it retained
+Drexel Burnham Lambert Inc as its financial advisor and
+investment banker.
+    In light of a June 17 announcement from Crazy Eddie that
+Chemical Bank would no longer fund a 52 mln dlr credit facility
+with the company, plus further declines in the price of its
+stock, Entertainment Marketing and Zinn said they are
+"continuing to evaluate their alternatives with respect to
+their investment" in Crazy Eddie stock.
+    Depending on its evaluation of the company, including
+actions by Crazy Eddie's board and any possible third party
+bids for the company, Entertainment Marketing and its president
+said they may hold their present stake in the company, sell
+some of their shares, or purchase more shares on the open
+market, through private purchases or in connection with a
+merger or tender offer.
+    According to the SEC filing, Entertainment Marketing and
+Zinn bought their current holdings of 1,560,000 Crazy Eddie
+common shares between May 20 and June 17 at 7.42 dlrs to 7.93
+dlrs a share, or a total of about 11.9 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8012" NEWID="19684">
+<DATE>29-JUN-1987 11:34:19.06</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>kuwait</D><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f1438&#31;reute
+d f BC-CHANCES-OF-DIRECT-U.S   06-29 0132</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHANCES OF DIRECT U.S.-IRAN GULF CLASH SEEN LOW</TITLE>
+<AUTHOR>    By Rory Channing, Reuters</AUTHOR>
+<DATELINE>    KUWAIT, June 29 - </DATELINE><BODY>U.S. moves to increase its warships in
+and around the Mideast Gulf could trigger more attacks on
+unprotected merchant ships but run little risk of sparking a
+direct military clash with Iran, diplomats said.
+    They said the American decision inevitably carries some
+risk of armed confrontation, but Iran -- despite its blunt
+rhetoric -- would want to avoid this as much as Washington.
+    "As Iran knows very well, what America is bringing into the
+Gulf could do serious damage," said one western diplomat.
+    Diplomats see the greatest potential danger in more attacks
+on "soft targets" such as merchant shipping not protected by
+American or other western navy vessels patrolling the Gulf.
+    The risk of Iranian attack on U.S. Warships or Kuwaiti oil
+tankers carrying the U.S. Flag and under naval escort is rated
+by diplomats as low. However, "There is the threat that the
+Iranians, seeing these heavily protected U.S.-flag tankers,
+will go for softer targets," one diplomat said.
+    Tehran Radio quoted Iran's top defence spokesman Ali Akbar
+Hashemi Rafsanjani as saying yesterday that Washington was
+"moving to the brink of an armed encounter with us."
+    The U.S. is increasing its Gulf fleet from seven to 10
+warships and sending the refurbished battleship Missouri to
+patrol just outside the Strait of Hormuz.
+    The build-up ties in with U.S. plans to start escorting
+Kuwaiti oil tankers next month, which have been re-registered
+to fly the American flag to give them naval protection.
+    Shipping serving Kuwait has come under repeated attack by
+Iran, angered at the emirate's war backing of Iraq.
+    Concern in the region has mounted over the threat posed by
+Chinese-made Silkworm missiles, which the U.S. says Iran is
+preparing to deploy near the Strait of Hormuz.
+    The Missouri, with its four-escort flotilla, is likely to
+make Iran think twice about using the missiles, diplomats said.
+    A military source in the Gulf has said Iran also set up a
+launching site for the Silkworms on captured Iraqi soil in the
+Faw peninsula, within range of Kuwait.
+    "But anything that went as far as a direct attack on Kuwaiti
+territory would be a very serious escalation" likely moving
+world opinion against Iran, remarked one.
+    Some diplomats believe Iran could also consider carrying
+out reprisals against the United States outside the Gulf.
+    Rafsanjani, who is also parliamentary leader, predicted
+last Friday "a river of blood" throughout the world in the event
+of any U.S. strike against Iran.
+    Western diplomats said Iran, which Washington has accused
+of being behind state-sponsored terrorism, had no demonstrable
+capacity to carry out attacks in the U.S. itself.
+    Diplomats saw few potential targets in Lebanon now that
+most Americans have left in the wake of kidnappings linked to
+pro-Iranian groups. But Europe and Asia were potential
+trouble-spots, and Kuwait was one of the most obvious targets.
+    Any backlash was likely to take the form of sabotage or
+other action to make it difficult to blame Iran, they added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8013" NEWID="19685">
+<DATE>29-JUN-1987 11:35:34.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1443&#31;reute
+r f BC-CHRYSLER-&lt;C>-REPORTED   06-29 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> REPORTED TO BE IN TALKS WITH CHINA</TITLE>
+<DATELINE>    DETROIT, June 29 - </DATELINE><BODY>Chrysler Corp is negotiating with the
+Chinese Government owned First Autoworks about a project in
+which the Dodge 600 mid-sized car could be added to the Chinese
+firm's lineup, the trade paper Automotive News said.
+    It said Chrysler is discussing the supply of 2.2 liter
+four-cylinder engines as well as tooling for the 600, which has
+been on the U.S. market since 1982.
+    Chrysler spokesmen were not available for comment today.
+But the trade paper quoted an unnamed spokesman as saying
+Chrysler is competing with French-based Citroen and an unnamed
+Japanese maker to supply First Autoworks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8014" NEWID="19686">
+<DATE>29-JUN-1987 11:35:51.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1445&#31;reute
+d f BC-CONQUEST-EXPLORATION   06-29 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONQUEST EXPLORATION &lt;CQX> SEES WARRANTS EXPIRE</TITLE>
+<DATELINE>    HOUSTON, June 29 - </DATELINE><BODY>Conquest Exploration Co said the
+expiration date of its publicly traded warrants will not be
+extended after July 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8015" NEWID="19687">
+<DATE>29-JUN-1987 11:36:01.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1446&#31;reute
+d f BC-HATHAWAY-&lt;HATH.O>-RES   06-29 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HATHAWAY &lt;HATH.O> RESTRUCTURES DEBT</TITLE>
+<DATELINE>    BROOMFIELD, COLO., July 29 - </DATELINE><BODY>Hathaway Corp said it
+restructured its debt financing which provides 15 mln dlrs for
+expansion and operations of the company, twice the debt
+financing previously available to the company.
+    As part of the restructuring, Hathaway said it obtained 10
+mln dlrs of long-term financing from Household Commercial
+Financial Services Inc and Ford Motor Credit Co. An additional
+5.0 mln dlrs of working capital financing was committed by
+Colorado National Bank of Denver, it said.
+    Hathaway said the new financing will be used to repay about
+7.0, mln dlrs in existing short-term debt, with the balance for
+expansion.
+    It said 10-year senior secured notes were executed June 15
+and are payable with interest at 12 pct a year on a quarterly
+basis.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8016" NEWID="19688">
+<DATE>29-JUN-1987 11:36:52.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1451&#31;reute
+d f BC-VIDEO-JUKEBOX-&lt;JUKE.O   06-29 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIDEO JUKEBOX &lt;JUKE.O> SETS PURCHASE EXTENSION</TITLE>
+<DATELINE>    MIAMI, June 29 - </DATELINE><BODY>Video Jukebox Network Inc said it has
+extended through July two the exclusive period provided in its
+May 29 letter of intent the option to sell to a group of
+investors 3,500,000 shares of the four mln shares of the
+company's common stock owned by its founder and president
+Steven A. Peters.
+    Video said it currently has 7,525,000 common shares
+outstanding.
+   
+    The purchasers are Louis Wolfson III, vice president of
+&lt;Venture W Inc>, an investment firm; Mark Blank, president of
+&lt;National Brands Inc>; J. Patrick Michaels, Jr., president and
+chief executive officer of &lt;Communications Equity Associates
+Inc>; and CEA Investors Partnerships II, a company Michaels
+would form for the purchase, Video said.
+    Video said it agreed to extend the period at the request of
+the prospective buyers in order to provide their respective
+counsels sufficient time to finalize the draft agreement which
+the parties have negotiated.
+   
+    The company previously said that the outright purchase was
+valued at three mln dlrs, or an option purchase price of
+250,000 dlrs excersizable until May 28, 1988.
+    The exercise price would be 3,750,000 dlrs plus the initial
+option purchase price of 250,000 dlrs, the company said.
+    Video said if the option expires unexercised, Video will
+grant an additional six month option to the buyers enabling
+them to purchase two mln shares for 1,750,000 dlrs plus the
+initial option purchase price of 250,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8017" NEWID="19689">
+<DATE>29-JUN-1987 11:39:52.48</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1462&#31;reute
+f f BC-FED-SETS-TWO-DA   06-29 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS TWO-DAY SYSTEM REPURCHASES, FED SAYS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8018" NEWID="19690">
+<DATE>29-JUN-1987 11:42:43.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1475&#31;reute
+r f BC-CYCLOPS-&lt;CYL>-MERGER   06-29 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYCLOPS &lt;CYL> MERGER APPROVED</TITLE>
+<DATELINE>    PITTSBURGH, June 29 - </DATELINE><BODY>Cyclops Corp said shareholders
+approved a previously announced merger of the company with a
+subsidiary of dixons Group PLC.
+    It said Dixons held about 83 pct of Cyclops stock following
+a tender offer and other purchases earlier in the year.
+    With the completion of the transaction, Dixons will proceed
+to pay 95 dlrs a share to the remaining Cyclops shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8019" NEWID="19691">
+<DATE>29-JUN-1987 11:43:17.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1477&#31;reute
+r f BC-LEECO-&lt;LECO.O>-EXPAND   06-29 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEECO &lt;LECO.O> EXPANDS SALES TEAM</TITLE>
+<DATELINE>    SOUTHFIELD, Mich., June 29 - </DATELINE><BODY>Leeco Diagnostics Inc said its
+sales team will be expanded due to the initial success of its
+Preview pregnancy test kit.
+    The company said the sales team, which sells to test kit to
+physicians, is expected to rise to 150 from 100 in the next 45
+days. It said test kits will be sold in U.S. drug stores later
+this year.
+    The Preview test, which takes five minutes and can detect
+pregnancy within seven days of conception, had record sales in
+its first month on the market, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8020" NEWID="19692">
+<DATE>29-JUN-1987 11:44:32.84</DATE>
+<TOPICS><D>zinc</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f1481&#31;reute
+u f BC-AMAX-ZINC-CO-RAISES-D   06-29 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMAX ZINC CO RAISES DYECAST ALLOY PRICES</TITLE>
+<DATELINE>    GREENWICH, CONN, June 29 - </DATELINE><BODY>Amax Zinc Co, a division of Amax
+Inc, said it is increasing the price of dyecast alloys No.
+Three and No. Five by three cents a lb, effective immediately.
+    Dyecast alloy No. Three is now 52.5 cents a lb, while alloy
+No. Five is now 53.5 cents a lb, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8021" NEWID="19693">
+<DATE>29-JUN-1987 11:45:04.08</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1484&#31;reute
+b f BC-/-FED-SETS-TWO-DAY-SY   06-29 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED SETS TWO-DAY SYSTEM REPURCHASES</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>The Federal Reserve entered the
+government securities market to arrange two-day repurchase
+agreements for system account, a spokesman for the New York Fed
+said.
+    Federal funds were trading at 6-3/4 pct at the time of the
+direct injection of temporary reserves, in line with Friday's
+6.72 pct average.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8022" NEWID="19694">
+<DATE>29-JUN-1987 11:46:29.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f1492&#31;reute
+d f BC-CHRYSLER-SAID-IN-AUTO   06-29 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER SAID IN AUTO SUPPLY TALKS WITH CHINA</TITLE>
+<DATELINE>    DETROIT, June 29 - </DATELINE><BODY>Chrysler Corp is negotiating with the
+Chinese Government owned First Autoworks about a project in
+which the Dodge 600 mid-sized car could be added to the Chinese
+firm's lineup, the trade paper Automotive News said.
+    It said Chrysler is discussing the supply of 2.2 liter
+four-cylinder engines as well as tooling for the 600, which has
+been on the U.S. market since 1982.
+    Chrysler spokesmen were not available for comment today.
+But the trade paper quoted an unnamed spokesman as saying
+Chrysler is competing with French-based Citroen and an unnamed
+Japanese maker to supply First Autoworks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8023" NEWID="19695">
+<DATE>29-JUN-1987 11:46:59.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f1495&#31;reute
+r f BC-PHARMACONTROL-&lt;PHAR.O   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHARMACONTROL &lt;PHAR.O> CLOSES PUBLIC OFFERING</TITLE>
+<DATELINE>    ENGLEWOOD CLIFFS, N.J., June 29 - </DATELINE><BODY>Pharmacontrol Corp said
+it has closed its public offering of 23,000 units.
+    The company said each unit consists of 1,000 dlrs principal
+amount of subordinated convertible debentures due 2002, which
+convert at six dlrs a share into 167 shares of common stock.
+Also, each unit included 70 shares of common stock which were
+immediately detachable, the company said.
+    Pharmacontrol added that it has also converted its seven
+mln dlr credit facility with its institutional lender into a 12
+mln dlr credit facility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8024" NEWID="19696">
+<DATE>29-JUN-1987 11:49:27.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1505&#31;reute
+r f BC-ASEA-GROUP-AWARDED-11   06-29 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASEA GROUP AWARDED 110 MLN DLR POWER CONTRACT</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Asea Group AB &lt;ASEAY> said it has been
+awarded a 110 mln dlr contract from the Swedish State Power
+Board and the Finnish utility &lt;Imitran Oma Oy>.
+    The company said the contract is for a 500 megawatt 400 kv
+fenno skan high voltage DC transmission to be built between
+Sweden and Finland.
+    The company also said three other Asea companies; Asea
+Transmission, Ludvika Sweden and Strondberg Vaasa in Finland,
+received a related order for converter equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8025" NEWID="19697">
+<DATE>29-JUN-1987 11:55:55.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1524&#31;reute
+r f BC-VERNITRON-&lt;VRN>-SETS   06-29 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERNITRON &lt;VRN> SETS NEW RECORD DATE</TITLE>
+<DATELINE>    DEER PARK, N.Y., June 29 - </DATELINE><BODY>Vernitron Corp said it has set a
+new record date of July 10 for shareholders entitled to vote on
+the proposed merger of Vernitron with &lt;SB Holding Corp>.
+    The original record date was May 26.
+    Vernitron said that it currently expects the special
+shareholder meeting concerning the merger will be held in
+August.
+    Following its tender offer in November 1986, SB Holding
+holds 55.2 pct of Vernitron, a maker of electromechanical
+components and related products and services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8026" NEWID="19698">
+<DATE>29-JUN-1987 11:56:11.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1526&#31;reute
+r f BC-CENTEL-CORP-&lt;CNT>-SEL   06-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTEL CORP &lt;CNT> SELLS DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Centel Corp is raising 60 mln dlrs via
+an issue of debentures due 1997, said lead underwriter Smith
+Barney, Harris Upham and Co Inc.
+    Smith Barney headed a syndicate that won the debentures in
+a competitive bidding. It bid the issue at 99.338 and set a 10
+pct coupon and reoffering price of par to yield 146 basis
+points over Treasuries. The net interest charge was 10.07 pct.
+     Non-callable for five years, the debt is rated A-2 by
+Moody's and A by S and P. Gross spread is 6.62 dlrs, selling
+concession is 4.50 dlrs and reallowance is 2.50 dlrs. United
+Bank of Switzerland and Dillon Reed co-managered the deal.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8027" NEWID="19699">
+<DATE>29-JUN-1987 11:56:25.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f1528&#31;reute
+r f BC-ENERGAS-&lt;EGAS.O>-TO-B   06-29 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENERGAS &lt;EGAS.O> TO BUY TEXAS AMERICAN &lt;TAE>UNIT</TITLE>
+<DATELINE>    DALLAS, June 29 - </DATELINE><BODY>Energas Co said it has agreed in
+principle to purchase Western Kentucky Gas Co from Texas
+American Energy Corp for 61.5 mln dlrs in cash plus assumptrion
+of certain liabilities.
+    Western Kentucky is a gas distribution company which serves
+about 143,000 customers in 108 towns and communities in
+Kentucky.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8028" NEWID="19700">
+<DATE>29-JUN-1987 11:56:29.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1529&#31;reute
+d f BC-FRANKLIN-PENNSYLVANIA   06-29 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN PENNSYLVANIA INVESTORS FUND DIVIDEND</TITLE>
+<DATELINE>    SAN METEO, Calif., June 29 - </DATELINE><BODY>The Franklin Group of Funds
+said &lt;Franklin Pennsylvania Investors Equity Fund> will pay an
+initial semi-annual dividend of seven cts July 14 to holders of
+record July one.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8029" NEWID="19701">
+<DATE>29-JUN-1987 11:56:39.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D><D>uk</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1530&#31;reute
+r f BC-TNT-SETS-NEW-PACKAGE   06-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TNT SETS NEW PACKAGE DELIVERY SERVICE</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>TNT Skypak, a unit of TNT Ltd of
+Australia, said it introduced a new worldwide express package
+delivery service, that will starts operation today.
+    At a press conference, executive said the service, TNT
+Expressair, will delivery packages up to 220 lbs from any
+location in the U.S., anywhere in the world, and from overseas
+locations to the U.S.
+    Initially, TNT Expressair will concentrate its marketing in
+the U.S., Canada, the United Kingdom, Europe and Australia.
+    TNT is one of the world's largest transportation companies,
+with annual revenues of over US 4 billion dlrs.
+    TNT officials declined to project expected annual revenues
+for the new service. They said final price lists are being
+prepared.
+    As part of the new service, TNT will open another 20 to 25
+offices in the U.S. by the end of the year, officlals said. It
+currently has 27 offices in the U.S.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8030" NEWID="19702">
+<DATE>29-JUN-1987 11:58:45.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1532&#31;reute
+r f BC-GIBRALTAR-&lt;GFC>-TO-BU   06-29 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GIBRALTAR &lt;GFC> TO BUY THRIFT FOR 12 MLN DLRS</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., June 29 - </DATELINE><BODY>Gibraltar Financial Corp
+said its Gibraltar Savings unit has agreed in principle to buy
+&lt;First Federal Savings and Loan of Ridgecrest> for about 12.1
+mln dlrs cash.
+    The company said the actual price will be determined at the
+close, based on net book value at May 31.
+    It said First Federal is located in Kearn County northeast
+of Los Angeles and has assets of 130 mln dlrs.
+    It said the transaction is subject to a definitive
+agreement, shareholder and regulatory approval.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8031" NEWID="19703">
+<DATE>29-JUN-1987 11:59:38.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1536&#31;reute
+d f BC-WINLEY-BUYS-LAND-FROM   06-29 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WINLEY BUYS LAND FROM M.D.C. HOLDINGS INC &lt;MDC></TITLE>
+<DATELINE>    ENGLEWOOD, Colo., June 29 - </DATELINE><BODY>Winley Home Builders Inc said
+it completed a land purchase agreement with M.D.C. Holdings Inc
+&lt;MDC> for 1,090,000 dlrs in notes and preferred stock.
+    The company said it bought 33 lots in Colorado from
+Richmond Homes Ltd, an M.D.C. unit, in return for 650,000 dlrs
+in promissory notes and 440,000 dlrs in preferred stock.
+    The company said M.D.C. has an option to convert Winley
+preferred stock into 20 pct Winley common in a year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8032" NEWID="19704">
+<DATE>29-JUN-1987 12:00:03.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1537&#31;reute
+d f BC-STAR-CLASSICS-INC-&lt;SC   06-29 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STAR CLASSICS INC &lt;SCLS.O> 1ST QTR MARCH 31 NET</TITLE>
+<DATELINE>    NEW YORK, June 29 -
+    </DATELINE><BODY>Shr three cts vs two cts
+    Net 97,224 vs 58,503 
+    Rev 906,368 vs 714,747
+    Avg shrs 3,300,000 vs 3,948,719
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8033" NEWID="19705">
+<DATE>29-JUN-1987 12:00:45.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1540&#31;reute
+b f BC-EIB-LAUNCHES-200-MLN   06-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIB LAUNCHES 200 MLN MARKS BULLET BOND</TITLE>
+<DATELINE>    FRANKFURT, June 29 - </DATELINE><BODY>The European Investment Bank is
+raising 200 mln marks through an eight-year bullet eurobond
+carrying a 6-1/8 pct coupon and priced at 99-1/2 pct to yield
+6.21 pct at issue, lead manager Westdeutsche Landesbank
+Girozentrale said.
+    Payment date is July 16, the bond pays interest on that
+date annually, and matures on that date in 1995.
+    Fees total 1-3/4 pct, with 5/8 for underwriting and
+management and 1-1/8 for selling. Denominations are 1,000 and
+10,000 marks and the bond will be listed in Duesseldorf and
+Frankfurt.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8034" NEWID="19706">
+<DATE>29-JUN-1987 12:03:29.89</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1562&#31;reute
+b f BC-DIGIORGIO   06-29 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GABELLI FIRMS HAVE 28.5 PCT STAKE IN DIGIORGIO CORP, MAY
+SEEK CONTROL
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8035" NEWID="19707">
+<DATE>29-JUN-1987 12:05:59.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1582&#31;reute
+u f BC-APOLLO-&lt;APCI.O>-OFFER   06-29 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APOLLO &lt;APCI.O> OFFERS NEW WORKSTATIONS</TITLE>
+<DATELINE>    BOSTON, June 29 - </DATELINE><BODY>Apollo Computer Inc said it introduced a
+new family of computer workstations and improved the
+performance and cut prices on some of its existing
+workstations.
+    In addition, the company announced new products that allow
+personal computers to communicate with workstations.
+   
+    Apollo said its new workstation family, the Domain Series
+4000 Personal Super Workstations, includes the first color
+workstation priced under 19,000 dlrs that can process four
+million instructions per second.
+    Apollo said the Domain Series 4000 also features a 14,000
+dlr monochrome workstation and a 13,000 dlr workstation server,
+both of which can process four million instructions per second.
+    Apollo said the new Domain Series 4000 models double the
+performance of its existing Domain Series 3000 workstations and
+provide performace equivalent to competing workstations at
+half the price.
+    "We are clearly telling users that Apollo is committed to
+maintaining its price/performance leadership in the workstation
+marketplace," said Thomas A. Vanderslice, Apollo's chief
+executive officer.
+    Apollo also said it will offer new color and monochrome
+models for the Domain Series 3000, its entry-level workstation
+family. It said it also cut some prices but did not specify.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8036" NEWID="19708">
+<DATE>29-JUN-1987 12:07:35.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1598&#31;reute
+d f BC-&lt;FRANKLIN-OPTION-FUND   06-29 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN OPTION FUND> SETS DIVIDEND</TITLE>
+<DATELINE>    SAN METEO, Calif., June 29 -
+    </DATELINE><BODY>Qtly dividend 23 cts vs 21.6 cts in prior qtr
+    Payable July 14
+    Record July one
+    Dividend includes short-term capital gain of 20 cts vs 16
+cts short-term and 2.2 cts long-term gains in prior quarter
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8037" NEWID="19709">
+<DATE>29-JUN-1987 12:07:41.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1599&#31;reute
+w f BC-DSC-COMMUNICATIONS&lt;DI   06-29 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DSC COMMUNICATIONS&lt;DIGI.O> IN SUPPLY AGREEMENT</TITLE>
+<DATELINE>    DALLAS, June 29 - </DATELINE><BODY>DSC Communications Corp said it signed a
+supply agreement with United Telephone System Inc to deliver
+DSC Signal Transfer Points valued at about 3.0 mln dlrs.
+    It said the agreement runs through 1990 with product
+deliveries expected to start later this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8038" NEWID="19710">
+<DATE>29-JUN-1987 12:08:59.65</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1602&#31;reute
+d f BC-CLEOPATRA-KOHLIQUE-IN   06-29 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLEOPATRA KOHLIQUE INC &lt;CLEO.O> YEAR NET</TITLE>
+<DATELINE>    ELMONT, N.Y., June 29 - </DATELINE><BODY>year ended March 31
+    Shr three cts vs 11 cts
+    Net 384,723 vs 800,137
+    Revs 5.1 mln vs 3.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8039" NEWID="19711">
+<DATE>29-JUN-1987 12:11:34.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F C 
+&#22;&#22;&#1;f1618&#31;reute
+r f BC-INTERSTATE-BAKERIES-&lt;   06-29 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERSTATE BAKERIES &lt;IBC>BUYS MEXICAN FOOD FIRM</TITLE>
+<DATELINE>    KANSAS CITY, MO., June 29 - </DATELINE><BODY>Interstate Bakeries Corp said
+its Royal American Foods subsidiary agreed to buy the assets of
+Landshire Food Products Inc, a New-Mexico-based producer of
+packaged Mexican food products.
+    Terms of the proposed transaction were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8040" NEWID="19712">
+<DATE>29-JUN-1987 12:13:16.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1629&#31;reute
+r f BC-FEDERATED-GROUP-INC-&lt;   06-29 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERATED GROUP INC &lt;FEGP.O> 1ST QTR LOSS</TITLE>
+<DATELINE>    CITY OF COMMERCE, Calif., June 29 - </DATELINE><BODY>Period ended May 31.
+    Shr loss eight cts vs profit six cts
+    Net loss 895,000  vs profit 662,000
+    Sales 91.1 mln vs 89.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8041" NEWID="19713">
+<DATE>29-JUN-1987 12:14:07.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1631&#31;reute
+u f BC-DIGIORGIO   06-29 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GABELLI FIRMS HOLD 28.5 DIGIORGIO &lt;DIG> STAKE</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>A group of firms led by Gabelli Group
+Inc told government regulators it holds a 28.5 pct stake in
+Digiorgio Corp common stock, and said two partnerships making
+up part of the group may seek control of the company.
+    In a filing with the Securities and Exchange Comission, the
+group of firms said it holds 2,430,100 shares of Digiorgio
+common stock. Of the total, 2,059,400 shares are held by GAMCO
+Investors Inc and Gabelli Funds Inc. for investment purposes,
+the group said.
+
+    Gabelli-Rosenthal and Partners LP and G and R Partners,
+which hold the remaining 370,700 Digiorgio common shares, told
+the SEC their "purpose is to ultimately obtain control of
+Digiorgio contingent upon approval of Digiorgio," according to
+the SEC filing. 
+    As previously reported, Gabelli and Co Inc, acting as
+investment advisor to a group including Gabelli-Rosenthal,
+proposed on June 25 to acquire all Digiorgio common shares for
+a per share price of 20 dlrs in cash, a subordinated note with
+a face value of eight dlrs, 14 pct redeemable preferred stock,
+and one common share of the post-buyout company.
+    The June 25 buyout proposal, which remains open until July
+17, also provides that key members of Digiorgio management and
+some of its directors would be invited to remain with the firm
+and participate in the group acquiring the company.
+    The proposal is also subject to a due diligence review,
+execution of a merger agreement, arrangement of financing and
+receipt of government approvals, all of which Gabelli and Co
+said could be completed within 60 days.
+    Between April 13 and June 26, the entire group led by
+Gabelli Group Inc made net purchases of 403,600 Digiorgio
+common shares at 22.20 dlrs to 26.79 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8042" NEWID="19714">
+<DATE>29-JUN-1987 12:15:35.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1636&#31;reute
+d f BC-HENLEY-GROUP-&lt;HENG>-U   06-29 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENLEY GROUP &lt;HENG> UNIT WINS NEWS PLANT ORDER</TITLE>
+<DATELINE>    HAMPTON, N.H., June 29 - </DATELINE><BODY>Henley Group Inc unit,
+Wheelabrator Technologies Inc, said it won a 243 mln dlrs
+contract from &lt;Mississippi Chemical Corp> unit Newsprint South
+Inc.
+    The company said the contract is for the construction of a
+224,000 ton-per-year newsprint production facility in Grenada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8043" NEWID="19715">
+<DATE>29-JUN-1987 12:16:29.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F 
+&#22;&#22;&#1;f1642&#31;reute
+r f AM-BRAZIL-MOTOR   06-29 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL MOTOR INDUSTRY SENDS 9,000 ON LEAVE</TITLE>
+<DATELINE>    SAO PAULO, June 29 - </DATELINE><BODY>Brazil's motor industry, facing the
+worst crisis of its history, today sent thousands of workers on
+collective leave because of a sharp drop in demand.
+    Company spokesmen said Autolatina, which last Friday laid
+off 4,000 workers, sent nearly 9,000 of its 56,500 employees in
+Brazil on collective leave until July 12.
+    General Motors do Brasil said it would give 10 days' leave
+to part of its 22,000 workforce from Wednesday.
+    Fiat is giving 2,000 workers a month's holiday from July 6.
+    Jacy Mendonca, industrial relations director of Autolatina,
+a merger of Volkswagen and Ford in Brazil and Argentina, said
+last week this would be the worst year ever for Brazil's auto
+industry.
+    He forecast that 1987 would be worse than 1981, when
+domestic sales dropped 40 pct to 580,000 units.
+    "This year we'll be lucky if we can sell 550,000 units," he
+said.
+    Since Friday there have been two positive developments for
+the industry. The government announced that it was scrapping a
+15 pct surcharge on all new car sales.
+    The surcharge, created in July last year, was originally
+set at 30 pct to help curb a car-buying boom and was in theory
+refundable.
+    Brazilian car distributors, which since June 16 had halted
+all car purchases in protest against high government taxes,
+responded to the government move by resuming purchases.
+    But industry spokesmen said taxes on vehicles were still
+high, 108 pct, and the sector still faced major problems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8044" NEWID="19716">
+<DATE>29-JUN-1987 12:17:06.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>zambia</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1644&#31;reute
+r f BC-WESTERN-DONORS-STILL   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN DONORS STILL BACKING ZAMBIA, SAYS MINISTER</TITLE>
+<DATELINE>    LUSAKA, June 29 - </DATELINE><BODY>Finance Minister Gibson Chigaga said all
+of Zambia's traditional financial backers apart from Britain
+had pledged continued backing for the country's new go-it-alone
+economic program announced last month.
+    Chigaga told Reuters in an interview it was not true that
+Western states had threatened to withold financial aid
+following Zambia's abandonement of a tough IMF-inspired program
+that included the auctioning of the local kwacha.
+    "It is only Britain which has openly come out to say it
+would withhold funds intended for the auction system of foreign
+exchange," Chigaga said.
+    "All the other countries have said their relationship with
+us cannot be affected by the abandonment of a system that only
+lived for 18 months, when they have been supporting us for over
+20 years now," he said.
+    Chigaga said that Britain was now considering its stand
+following representation by the Zambian government.
+    Chigaga told Reuters that guidelines on the functioning of
+the new economic prgram would be released soon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8045" NEWID="19717">
+<DATE>29-JUN-1987 12:18:43.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1651&#31;reute
+u f BC-STRIKES-HIT-CONSOLIDA   06-29 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRIKES HIT CONSOLIDATED-BATHURST &lt;cb.to> MILLS</TITLE>
+<DATELINE>    MONTREAL, June 29 - </DATELINE><BODY>Consolidated-Bathurst Inc said three of
+its Quebec newsprint mills have been shut down by strikes which
+began over the weekend.
+    The company said about 2,000 workers, members of the
+Canadian Paperworkers Union and another, independent union,
+walked out at its Wayagamack mill at Trois-Rivieres, its
+Laurentide mill at Grand-Mere and its Belgo mill at Shawinigan.
+    Their contract expired April 30.
+    The Laurentide mill has an annual capacity of 200,000 
+tonnes, the Belgo mill 350,000 tonnes, and the Wayagamack mill
+70,000 tonnes.
+    The strikes are the first at Consolidated-Bathurst mills
+since an industry-wide walkout in 1976, company spokeswoman
+Denise Dallaire said.
+    "As far as management is concerned, negotiations are going
+on right now," Dallaire said, adding she could not elaborate.
+Union officials were not immediately available for comment.
+Company officials had said at the annual meeting in April they
+expected no labor problems this year.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8046" NEWID="19718">
+<DATE>29-JUN-1987 12:18:57.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1653&#31;reute
+r f BC-IBM-CREDIT-&lt;IBM>-FILE   06-29 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM CREDIT &lt;IBM> FILES FOR NOTE OFFERING</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>IBM Credit Corp said it filed with the
+Securities and Exchange Commission a registration statement
+covering a 500 mln dlr issue of medium-term notes.
+    Proceeds will be used for general corporate purposes.
+    The company named First Boston and Salomon Brothers as
+agents for the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8047" NEWID="19719">
+<DATE>29-JUN-1987 12:19:18.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1655&#31;reute
+d f BC-&lt;UNICOA>-TO-MERGE-INT   06-29 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;UNICOA> TO MERGE INTO ITS UNITED INSURANCE UNIT</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>Unicoa Corp said it agreed to a merger
+with its wholly-owned subsidiary, United Insurance Co of
+America.
+    Under the agreement, each outstanding share of Unicoa
+common stock will be converted into one share of United common
+stock.
+    The agreement is subject to shareholder and regulatory
+approval. Teledyne Inc &lt;TDY> owns about 98.4 pct of Unicoa's
+outstanding shares. A shareholder meeting is expected to be
+held in August.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8048" NEWID="19720">
+<DATE>29-JUN-1987 12:19:36.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1656&#31;reute
+r f BC-EPITOPE-&lt;EPTO.O>-SETS   06-29 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EPITOPE &lt;EPTO.O> SETS AIDS TEST CONTROL SERUM</TITLE>
+<DATELINE>    BEAVERTON, Ore., June 29 - </DATELINE><BODY>Epitope Inc said it has
+developed a set of independent control reagents for
+laboratories performing AIDS testing.
+    The control set consists of human blood serum free of AIDS
+antibodies, serum with early signs of antibody formation and
+serum with strong antibody components.
+    The company said the control sets are designed for use with
+all Food and Drug Administration-licensed  AIDS screening and
+supplemental test and will be marketed worldwide.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8049" NEWID="19721">
+<DATE>29-JUN-1987 12:21:22.94</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1666&#31;reute
+b f BC-/RAINS-HELP-U.S.-WEST   06-29 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RAINS HELP U.S. WESTERN CORN BELT, MORE SEEN</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>Weekend rain over the Western Corn Belt
+brought further relief to crop areas that had been dry earlier
+this month, and developing weather patterns will bring welcome
+moisture to central and eastern belt locations this week,
+according to Dale Mohler, senior meteorologist for Accu-Weather
+Inc.
+    "There is going to be more rain for the next two, three
+days," he said. "We're in a fairly wet pattern with normal to
+above normal moisture this week."
+    Mohler said rainfall averaged 1/2 inch across southern
+Minnesota, 3/4 inch over southwest Iowa, one inch in eastern
+Nebraska and 1-1/2 inches in south-central Nebraska.
+    Illinois fields saw virtually no rain over the weekend but
+were receiving scattered thundershower activity today, he said.
+    Rain patterns will move across Indiana to Ohio with
+thudershower activity yielding to more general rains, he said.
+    "Tomorrow, that eastern area will get 1/4 to one inch, a
+pretty good rain," Mohler said.
+    Rain was heavier than expected over the weekend, sparking
+an early selloff in soybean futures at the Chicago Board of
+Trade. Prices were off 14 to 20-1/2 cents with November off
+19-1/2 cents at 5.43-1/2 dlrs.
+    Mohler said the cold front now over the eastern belt is
+expected to move over the central Midwest, then move north
+later in the week. That could bring new rain patterns across
+the Corn Belt and assure good crop conditions as
+early-developed corn moves into the crucial pollination stage
+in early July, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8050" NEWID="19722">
+<DATE>29-JUN-1987 12:21:44.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1670&#31;reute
+d f BC-U.S.-CAR-OUTPUT-SEEN   06-29 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CAR OUTPUT SEEN DROPPING IN 3RD QTR</TITLE>
+<DATELINE>    DETROIT, June 29 - </DATELINE><BODY>U.S. car production is scheduled to drop
+by 10.4 pct to about 1.47 mln in the third quarter from last
+year's 1.63 mln as domestic automakers react to a drop in sales
+from last year's record levels, trade paper Automotive News
+said.
+    Automotive News said General Motors Corp &lt;GM> has slashed
+its planned car production by 12.6 pct from last year's third
+quarter totals while Ford Motor Co &lt;F> is scheduling its plants
+to build 5.4 pct fewer cars and Chrysler Corp &lt;C> will be off
+18.4 pct.
+    But the paper quoted analysts as saying the production
+should be cut by at least 200,000 more units to avoid excessive
+inventory build-up in view of a relatively soft market for new
+cars.
+    Through June 20, sales of new domestic-built cars are off
+11.9 pct from last year's levels. Only Ford among the Detroit
+Big Three is enjoying a sales gain.
+    GM and Ford may be working to stockpile cars despite the
+market conditions because of the prospect of a strike in
+September by the United Automobile Workers union, analysts said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8051" NEWID="19723">
+<DATE>29-JUN-1987 12:22:33.62</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1676&#31;reute
+r f BC-HOVNANIAN-ENTERPRISES   06-29 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOVNANIAN ENTERPRISES INC &lt;HOV> QTR EARNINGS</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>May 31 end
+    Shr 27 cts vs 14 cts
+    Net 5,664,000 vs 2,812,000
+    Revs 68.2 mln vs 54.7 mln
+    Avg shrs 21,254,054 vs 20,167,714
+    NOTE: First quarter report
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8052" NEWID="19724">
+<DATE>29-JUN-1987 12:23:36.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1680&#31;reute
+r f BC-APOLLO-&lt;APCI.O>-CUTS   06-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APOLLO &lt;APCI.O> CUTS WORKSTATION PRICES</TITLE>
+<DATELINE>    BOSTON, June 29 - </DATELINE><BODY>Apollo Computer Inc said the price cuts
+announced earlier today on its Domain Series 3000 computer
+workstations average 35 pct to 50 pct.
+    An Apollo spokesman said the cuts bring prices to under
+5,000 dlrs for some Series 3000 models.
+    In addition to reducing prices, the company said it added
+new monochrome and color models to the Series 3000 line that
+improve its performance and graphics capabilities.
+    The company made the price cuts along with the introduction
+of a more powerful family of workstations, the Domain Series
+4000.
+   
+    Industry analysts had expected Apollo to reprice the Series
+3000 in response to aggressive price cuts made two weeks ago by
+Digital Equipment Corp &lt;DEC> on its competing
+workstations.
+    But the Apollo spokesman said the reductions had been
+planned for some time. "We haven't just cut prices," he added,
+noting that the company had improved the Series 3000 models.
+    Analysts have said they also expect Sun Microsystems Inc
+&lt;SUNW.O>, Apollo's biggest rival in the workstation market, to
+cut prices and introduce new models. Sun has scheduled a new
+conference on July eight.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8053" NEWID="19725">
+<DATE>29-JUN-1987 12:24:27.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1682&#31;reute
+r f BC-&lt;CORRECTED>---GENERAL   06-29 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;CORRECTED> - GENERAL INSTRUMENT CORP &lt;GRL> DIVI</TITLE>
+<DATELINE>    NEW YORK, June 29 -
+    </DATELINE><BODY>Qtly div 6.25 cts vs 6.25 cts prior
+    Pay Oct 2
+    Record Sept 1
+    (Corrects amount of qtly div in item that ran on Friday Jan
+26)
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8054" NEWID="19726">
+<DATE>29-JUN-1987 12:26:10.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1691&#31;reute
+b f BC-FED-APPROVES-CI   06-29 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED APPROVES CITICORP PURCHASE OF SOME ASSETS OF SEARS
+CALIF. THRIFT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8055" NEWID="19727">
+<DATE>29-JUN-1987 12:35:07.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1724&#31;reute
+d f BC-HEALTH-PROPERTIES-&lt;HR   06-29 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH PROPERTIES &lt;HRP> TO BUY PROPERTIES</TITLE>
+<DATELINE>    CAMBRIDGE, Mass. June 29 - </DATELINE><BODY>Health and Rehabilitation
+Properties Trust said it reached an understanding to purchase
+three nursing facilities in Mass. and Conn. for 29 mln dlrs
+from Greenery Rehabilitation Group Inc &lt;GRGI.O>.
+    The buildings will be leased back to Greenery for an
+initial term of seven years, subject to renewal options for an
+additional 23 years, Health and Rehabilitation Properties said.
+    The transaction is expected to close on or before August 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8056" NEWID="19728">
+<DATE>29-JUN-1987 12:35:35.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f1726&#31;reute
+u f BC-U.S.-CAR-OUTPUT-SEEN   06-29 0174</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CAR OUTPUT SEEN FALLING IN THIRD QUARTER</TITLE>
+<DATELINE>    DETROIT, June 29 - </DATELINE><BODY>U.S. car production is scheduled to drop
+by 10.4 pct to about 1.47 mln in the third quarter from last
+year's 1.63 mln as domestic automakers react to a drop in sales
+from last year's record levels, a trade paper said.
+    Automotive News said General Motors Corp has slashed its
+planned car output by 12.6 pct from last year's third quarter
+totals, while Ford Motor Co is scheduling its plants to build
+5.4 pct fewer cars and Chrysler Corp will be off 18.4 pct.
+    However, the paper quoted analysts as saying production
+should be cut by at least 200,000 more units to avoid excessive
+inventory build-up amid weak demand for new cars.
+    Analysts said GM and Ford may be working to stockpile cars
+despite the market conditions because of the prospect of a
+strike in September by the United Automobile Workers union.
+    Through June 20, sales of new domestic-built cars are off
+11.9 pct from last year's levels. Only Ford among the Detroit
+Big Three is enjoying a sales gain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8057" NEWID="19729">
+<DATE>29-JUN-1987 12:36:41.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1732&#31;reute
+r f BC-EPA-DENIES-WHEELING-P   06-29 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EPA DENIES WHEELING-PITTSBURGH &lt;QWHX> REQUEST</TITLE>
+<DATELINE>    PHILADELPHIA, June 29 - </DATELINE><BODY>The U.S. Environmental Protection
+Agency said it denied a request by Wheeling-Pittsburgh Steel
+Corp that it be allowed to continue to operate the Follansbee,
+W. Va., sinter plant while court-ordered pollution control
+equipment is installed.
+    The EPA said that since the original consent decree with
+the company was signed in 1979, the company had had numerous
+opportunities to reduce harmful emmissions from the plant.
+    The agency said that only after the company failed to
+comply by the last available extension of its compliance
+deadline did the agency ask the court to close the plant.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8058" NEWID="19730">
+<DATE>29-JUN-1987 12:37:57.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1737&#31;reute
+b f BC-BANK-OF-NEW-YOR   06-29 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF NEW YORK ADDS 135 MLN TO LOAN LOSSES, SEES SECOND
+QUARTER LOSS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8059" NEWID="19731">
+<DATE>29-JUN-1987 12:38:01.44</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1738&#31;reute
+u f BC-BSN-&lt;BSN>-BUYS-STAKE   06-29 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BSN &lt;BSN> BUYS STAKE IN MACGREGOR &lt;MGS></TITLE>
+<DATELINE>    DALLAS, June 29 - </DATELINE><BODY>BSN Corp said it holds less than five pct
+of MacGregor Sporting Goods.
+    The company said the stock was acquired through recent open
+market purchases and the stake does not require specific
+disclosure.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8060" NEWID="19732">
+<DATE>29-JUN-1987 12:38:32.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1742&#31;reute
+r f BC-VERNITRON-&lt;VRN>-SETS   06-29 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERNITRON &lt;VRN> SETS RECORD DATE FOR MERGER VOTE</TITLE>
+<DATELINE>    DEER PARK, N.Y., June 29 - </DATELINE><BODY>Vernitron Corp said it has set a
+new record date for shareholders entitled to vote on the
+proposed merger of Vernitron Corp with SB Holding Corp for July
+10.
+    Vernitron, which manufactures electromechanical components
+and related products and services, said it expects that a
+special meeting of shareholders will be held in August.
+    Vernitron said that SB Holding holds 55.2 pct in Vernitron,
+resulting from a tender offer in November 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8061" NEWID="19733">
+<DATE>29-JUN-1987 12:39:31.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1746&#31;reute
+u f BC-SAVINGS-INSTITUTION-T   06-29 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAVINGS INSTITUTION TO HELP AILING THRIFTS</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>The U.S. League of Savings Institutions
+said it has launched a program to bolster the liquidity of some
+savings and loan institutions and reduce their dependency on
+high interest rate deposits.
+    A spokesman for the league said 48 institutions have
+committed 340 mln dlrs to the program and estimated that the
+program would begin within a week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8062" NEWID="19734">
+<DATE>29-JUN-1987 12:40:29.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A 
+&#22;&#22;&#1;f1750&#31;reute
+u f BC-FED-ALLOWS-CITICORP-&lt;   06-29 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ALLOWS CITICORP &lt;CCI>, SEARS &lt;S> THRIFT DEAL</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The Federal Reserve Board said it
+approved Citicorp's application to purchase through its
+subsidiary, Citicorp Savings of Oakland, Calif., some assets
+and assume some liabilities of Sears Savings Bank of Glendale,
+Calif.
+    Citicorp Savings proposed to assume two billion dlrs in
+deposits and other liabilities and to purchase 1.9 billion dlrs
+in assets of 50 branch offices of Sears Savings.
+    The proposal involved less than one third of the assets and
+liabilities of Sears Savings, owned by Sears, Roebuck and Co
+&lt;S>.
+    The Fed said that it generally has determined there were
+potentially adverse effects of allowing affiliations of banks
+and savings and loan associations, although it has allowed bank
+holding companies to acquire some failing thrifts.
+    It said Citicorp's proposal "properly may be viewed as the
+permissible acquisition of certain assets and liabilities of S
+and L branches rather than the acquisition of an S and L."
+    Citicorp Savings, the successor to the failed Fidelity
+Savings and Loan Association, has assets of 4.9 billion dlrs
+and operates 86 branches in California, mainly in the north.
+    Sears Savings has 6.6 billion in assets and 91 branches
+predominantly in southern California.
+    The application, which was approved unanimously, will not
+eliminate Sears Savings as a competitor, the Fed said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8063" NEWID="19735">
+<DATE>29-JUN-1987 12:40:47.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1752&#31;reute
+h f BC-LORAL-CORP-&lt;LOR>-AWAR   06-29 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LORAL CORP &lt;LOR> AWARDED AIR FORCE CONTRACT</TITLE>
+<DATELINE>    LITCHFIELD PARK, Ariz., June 29 - </DATELINE><BODY>Loral Corp said its Loral
+Defense Systems won a 29.4-mln-dlr contract with the U.S. Air
+Force to build 17 advanced transportation and handling sytems.
+    The systems, the company said, will help extend the life
+and effectiveness of the Minuteman Intercontinental Ballistic
+Missile.
+    The systems are scheduled for delivery from August 1988 to
+May 1989. They will service about 1,000 Minuteman missiles.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8064" NEWID="19736">
+<DATE>29-JUN-1987 12:41:02.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1754&#31;reute
+r f BC-NATIONAL-PATENT-&lt;NPD>   06-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL PATENT &lt;NPD> TO START AIDS DRUG TRIAL</TITLE>
+<DATELINE>    NEW YORK, June 29, - </DATELINE><BODY>National Patent Development Corp and
+Bar-Ilan University of Israel said that their joint venture
+corporation, Scientific Testing Inc, will begin a clinical
+trial in the U.S. of its immuno-augmenting compound, AS101, for
+the treatment of Acquired Immune Deficiency Syndrome (AIDS).
+    The study will be conducted at the Institute of
+Immunological Disorders (MD Anderson Hospital, Houston, Tex)
+under the direction of Dr Peter Mensell, pursuant to an
+investigational new drug application filed with the Food and
+Drug Administration, the company said.
+    The study, expected to begin in four to six weeks, is
+designed to test the effects of AS101 on about 30 AIDS
+patients, National Patent said.
+    It added that AS101, a proprietary synthetic compound
+invented by Bar-Ilan University doctors, has shown
+immuno-augmenting, anti-viral and anti-tumor activity in
+preclinical animal testing, and immuno-augmenting activity in a
+limited number of AIDS patients in phase one foreign clinical
+tests.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8065" NEWID="19737">
+<DATE>29-JUN-1987 12:41:24.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1757&#31;reute
+u f BC-ICN-&lt;ICN>-BUYS-STAKE   06-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICN &lt;ICN> BUYS STAKE FROM EASTMAN KODAK &lt;EK></TITLE>
+<DATELINE>    COSTA MESA, Calif., June 29 - </DATELINE><BODY>ICN Pharmaceuticals Inc said
+it purchased the remaining 225,000 shares of Viratek Inc
+&lt;VIRA.O> owned by Eastman Kodak Co owned as part of a
+previously announced program.
+    The company said it paid Kodak 10.50 dlrs a share or 2.4
+mln dlrs. As previously announced, ICN also said it authorized
+the additional purchase of up to 1.5 mln shares of Viratek
+common. To date, ICN said it bought a total of about 1.2 mln
+shares of Viratek, including the shares purchased from Kodak.
+    The company said it now owns 56 pct of Viratek as a result
+of these transactions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8066" NEWID="19738">
+<DATE>29-JUN-1987 12:41:42.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1759&#31;reute
+r f BC-MEXICO-GETS-205-MLN-D   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO GETS 205 MLN DLRS IN WORLD BANK LOANS</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The World Bank said it approved two
+loans to Mexico totalling 205 mln dlrs to provide financial
+assistance to industrial companies and finance a project
+dealing with agricultural extension services.
+    Mexico's Nacional Financiera (NF), the recipient of both
+loans, will receive 185 mln dlrs to be used to provide
+long-term credit and equity funds to small and medium-sized
+industrial enterprises, the bank said.
+    It said a 20 mln dlr loan is being made to help finance a
+project designed to test strategies to improve the quality and
+cost effectiveness of agricultural extension services.
+    The industrial enterprise project, estimated to cost 350.3
+mln dlrs, aims to support companies threatened by high
+inflation and adversely affected by increased competition
+brought about by bank-supported trade liberalization measures.
+    The bank said the 73.8 mln dlr extension services project
+will examine strategies in 20 of Mexico's 192 rural development
+districts and finance training for personnel and farmers,
+office construction and the purchasing of equipment.
+    Both loans are for 15 years, including three years of
+grace, with a variable interest rate, currently 7.92 per cent,
+which is linked to the bank's cost of borrowing funds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8067" NEWID="19739">
+<DATE>29-JUN-1987 12:42:43.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1765&#31;reute
+d f BC-INTEL-&lt;INCT.O>-SETS-P   06-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEL &lt;INCT.O> SETS PACT WITH SILICON COMPILER</TITLE>
+<DATELINE>    SAN JOSE, Calif, June 29 - </DATELINE><BODY>Intel Corp said it has signed a
+letter of intent with privately-held Silicon Compiler Systems
+Corp under which Intel will become a value-added silicon vendor
+for integrated circuits designed with Silicon Compiler's
+GENESIL silicon compilation system.
+    Under the proposed pact, Intel would provide initial
+silicon foundry services for GENESIL-based designs.
+    GENESIL users would be able to compile their
+application-specific designs using Intel's 1.5-micron
+complementary metal-oxide semiconductor process.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8068" NEWID="19740">
+<DATE>29-JUN-1987 12:42:58.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1767&#31;reute
+r f BC-WORLD-BANK-LOANS-TURK   06-29 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK LOANS TURKEY 325 MLN DLRS</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The World Bank said it has loaned
+Turkey 325 mln dlrs to help support an energy sector reform
+program.
+    The loan-supported program hopes to reduce the extensive
+public sector involvement in the country's energy production
+and supply, the bank said.
+    The loan is for 17 years, including four years of grace,
+with a variable interest rate, currently 7.92 pct, the bank
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8069" NEWID="19741">
+<DATE>29-JUN-1987 12:45:41.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1774&#31;reute
+h f AM-MIDEAST-TANK   06-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTAGON SAYS NO DECISION YET ON EGYPT TANK DEAL</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The Reagan Administration is
+discussing a deal with Cairo under which Egypt would build the
+U.S. M-1A1 battle tank, a high-speed weapon packed with laser
+and other technology, Pentagon officials said.
+    But they denied a Washington Post report that the
+Administration has already approved a production license, which
+would entail transfer of sensitive technology to Egypt.
+    "We have been talking with Egyptian officials about also
+producing the tank, but there is a long way to go before any
+decision is made," one Pentagon official, who asked not to be
+identified, told Reuters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8070" NEWID="19742">
+<DATE>29-JUN-1987 12:46:17.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1777&#31;reute
+u f BC-RITE-AID-CORP-&lt;RAD>-1   06-29 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RITE AID CORP &lt;RAD> 1ST QTR MAY 30</TITLE>
+<DATELINE>    HARRISBURGH, Pa., June 29 -
+    </DATELINE><BODY>Oper shr 50 cts vs 40 cts
+    Oper net 20.8 mln vs 16.4 mln
+    Revs 531.7 mln vs 418.7 mln
+    NOTE: 1987 1st quarter net excludes a gain of 47.1 mln dlrs
+or 1.14 dlrs a share for discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8071" NEWID="19743">
+<DATE>29-JUN-1987 12:46:33.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1778&#31;reute
+r f BC-TELEQUEST-&lt;TELQ.O>-CH   06-29 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEQUEST &lt;TELQ.O> CHAIRMAN RESIGNS</TITLE>
+<DATELINE>    SAN DIEGO, Calif., June 219 - </DATELINE><BODY>Telequest Inc said Henry
+Marcheschi, its chairman and president, resigned for health
+reasons.
+    Executive vice president Robert Lee was elected president
+and chief executive to succeed Marcheschi, the company said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8072" NEWID="19744">
+<DATE>29-JUN-1987 12:46:52.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1780&#31;reute
+r f BC-MAXTOR-CORP-&lt;MXTR.O>   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAXTOR CORP &lt;MXTR.O> BUYS PRIVATE FIRM</TITLE>
+<DATELINE>    SAN JOSE, Calif., June 29 - </DATELINE><BODY>Maxtor Corp said it bought
+privately-held Storage Dimensions Inc for an undisclosed sum.
+    The company said Storage Dimensions incorporates Maxtor's
+high-capacity 5-1/4-inch Winchester and optical disk drives
+into a family of data storage subsystems for IBM PCs, XTs, ATs
+and compatibles.
+    Storage Dimensions is the creator or SpeedStor software, a
+utility program that integrates high-capacity disk drives into
+PCs.
+    Maxtor said the purchase reflects its desire to compete in
+the high-capacity segment of the PC market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8073" NEWID="19745">
+<DATE>29-JUN-1987 12:47:23.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1783&#31;reute
+r f BC-SUPER-RITE-FOODS-INC   06-29 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPER RITE FOODS INC &lt;SRFI.O> 1ST QTR MAY 30</TITLE>
+<DATELINE>    HARRISBURGH, Pa., June 29 - 
+    </DATELINE><BODY>Shr 19 cts vs seven cts
+    Net 936,000 vs 351,000
+    Revs 153.3 mln vs 145 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8074" NEWID="19746">
+<DATE>29-JUN-1987 12:48:53.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uruguay</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1788&#31;reute
+r f BC-LAST-PRIVATE-URUGUAYA   06-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAST PRIVATE URUGUAYAN BANK MERGES WITH STATE BANK</TITLE>
+<DATELINE>    MONTEVIDEO, June 29 - </DATELINE><BODY>The board of directors of the last
+entirely private Uruguayan bank, La Caja Obrera, has approved
+its merger with a state-owned bank due to a severe financial
+crisis, a bank statement said.
+    It said the Caja Obrera would merge with the Banco Pan de
+Azucar. The move was decided by the board of the Banco de la
+Republica, the state bank that since 1985 has had control the
+Banco Pan de Azucar.
+    La Caja Obrera said the move aimed "at assuring its normal
+and stable operation, with a full guarantee for the people
+holding deposits as well as clients and employees."
+    La Caja Obrera was the last entirely private Uruguayan
+bank. The Banco Pan de Azucar after being taken over by the
+Banco de la Republic in 1985 carried out a similar merger
+operation with the Banco de Italia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8075" NEWID="19747">
+<DATE>29-JUN-1987 12:49:44.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1793&#31;reute
+r f BC-BAXTER-&lt;BAX>-AND-GE-&lt;   06-29 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAXTER &lt;BAX> AND GE &lt;GE> DEVELOP VENDOR SYSTEM</TITLE>
+<DATELINE>    DEERFIELD, Ill., June 29 - </DATELINE><BODY>Baxter Travenol Laboratories
+Inc, General Electric Co unit GE Information Services and
+&lt;Premier Hospital Alliance> said they developed a computer
+purchasing system for the health care industry.
+    They said the system, known as ASAP Express, removes the
+need to have a different computer system for each vendor and
+will streamline hospital purchasing systems by reducing
+paperwork and simplifying billing.
+    The system combines Baxter's ASAP (Analytic Systems
+Automated Purchasing) clearinghouse system and the GE EDI
+(electronic data interchange) Express system.
+    GE Information Services operates a large commercially
+available teleprocessing network. Illinois based Premier
+Hospital Alliance is a voluntary group of 37 hospitals in 30
+U.S. cities.
+    Baxter Travenol said that by the end of 1987 it expects
+more than 100 hospitals to be part of the ASAP Express system,
+with a majority of the 5,600 current ASAP users participating
+in the ASAP Express system in the next five years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8076" NEWID="19748">
+<DATE>29-JUN-1987 12:51:03.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f1797&#31;reute
+b f BC-SEC-CHARGES-CAM   06-29 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEC CHARGES CAMPEAU'S ALLIED STORES WITH DISCLOSURE
+VIOLATIONS IN RECENT TAKEOVER
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8077" NEWID="19749">
+<DATE>29-JUN-1987 12:54:19.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1803&#31;reute
+r f BC-GM'S-&lt;GM>-OPEL-UNIT-H   06-29 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM'S &lt;GM> OPEL UNIT HAD 1ST HALF PROFIT - PAPER</TITLE>
+<DATELINE>    DETROIT, June 29 - </DATELINE><BODY>General Motors Corp's German subsidiary
+Adam Opel AG had a first half profit after three years of
+losses, the trade paper Automotive News said.
+    The paper quoted Opel chairman Horst Herke as saying the
+unit will earn at least 100 mln marks in 1987 after losing
+141.5 mln marks in 1986.
+    "In the first six months of this year, we have clearly had
+black numbers," Herke said. "As far as we can see, we will
+conclude the full year with a profit, he said.
+    The paper also said Opel is likely sell its Senator and
+Omega models in the U.S. if it goes ahead with an export plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8078" NEWID="19750">
+<DATE>29-JUN-1987 12:55:38.48</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1806&#31;reute
+u f BC-PRE-PAID-LEGAL-&lt;PPD>   06-29 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRE-PAID LEGAL &lt;PPD> HAS NO REASON FOR TRADING</TITLE>
+<DATELINE>    ADA, Okla, June 29 - </DATELINE><BODY>Pre-Paid Legal Services Inc said its
+management knows of no developments to account for unusually
+heavy trading in the company's stock.
+    The company said it was responding to inquiries regarding
+recent activity of its common on the American Stock Exchange.
+    In early afternoon trading, the stock was down 1-7/8 to
+5-1/8 on a turnover of 160,400 shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8079" NEWID="19751">
+<DATE>29-JUN-1987 12:56:00.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1807&#31;reute
+u f BC-CARDIS   06-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP MAY SUPPORT CARDIS CORP &lt;CDS> BUYOUT</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>A group of companies controlled by
+Brookehill Partners Inc told government authorities it may
+support a buyout of Cardis Corp as a way to maximize the value
+of the company's stock.
+    In a filing with the Securities and Exchange Commission, 
+the group disclosed that it currently holds a 5.5 pct stake in
+Cardis common stock, and said it "would likely support" an
+acquisition of the company as a whole or in parts by another
+party, terming such a move "the most likely means for the
+company's shareholders to maximize the value of their
+investment."
+    Although the group characterized its Cardis stock holdings
+as principally for investment, it said it intends to contact
+third parties who might be interested in an acquisition of
+Cardis, a Los Angeles-based auto parts distributor.
+    The group added its has already had "some contacts" with
+others concerning the company, but said no understandings have
+been reached.
+    "The (Cardis) common shares continue to offer opportunity
+for price appreciation on the basis of the company's asset
+value and earnings momentum," the Brookehill group told the
+SEC.
+    The group, which currently holds 318,900 Cardis common
+shares, consists of New York-based Brookehill Partners and its
+two subsidiaries, Brookehill Equities Inc, a brokerage, and
+Moore, Grossman and deRose Inc, an investment advisor. Walter
+Grossmman, S. Edward Moore and Robert deRose, all of New York,
+each own one-third interests in Brookehill Partners.
+    Since April 27, members of the Brookehill group made net
+purchases of 6,000 Cardis common shares at approximately 4 dlrs
+a share. The group told the SEC it may continue to purchase
+additional Cardis stock, but also reserved the right to sell
+its shares in the company.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8080" NEWID="19752">
+<DATE>29-JUN-1987 12:57:12.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A 
+&#22;&#22;&#1;f1809&#31;reute
+u f BC-BANK-OF-NEW-YORK-&lt;BK>   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW YORK &lt;BK> SEES 2ND QTR LOSS</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Bank of New York Co Inc said it expects
+a second quarter loss of 35 mln dlrs.
+    The company said this is partly due to an addition of 135
+mln dlrs to its loan loss allowance.
+    The 135 mln dlr addition to its loan loss allowance, which
+is expected to be 400 mln dlrs on June 30, is in recognition of
+recent international debt developments.
+    It said its loss projection of 35 mln dlrs for the second
+quarter, ending June 30, takes into account the 49 mln dlr gain
+from the sale of RMJ Holdings and compares with last year's
+second quarter income of 37.8 mln dlrs.
+    The first six months should show income of around 12 mln
+dlrs, the bank said, with income set to exceed 100 mln dlrs for
+the full year.
+    Last year's income reached 155 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8081" NEWID="19753">
+<DATE>29-JUN-1987 12:57:24.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1810&#31;reute
+u f BC-MOODY'S-MAY-DOWNGRADE   06-29 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE P.S. NEW HAMPSHIRE &lt;PNH></TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade 1.3 billion dlrs of debt of Public Service
+Company of New Hampshire.
+    Under review are B-1 first mortgage bonds, B-2 refunding
+mortgage bonds, B-3 third mortgage and secured pollution
+control revenue bonds, Caa debentures and preferred stock.
+    Moody's cited an uncertain ability to meet fixed-income
+obligations due to the Nuclear Regulatory Commission's refusal
+to grant a low-power operating license because of inadequate
+evacuation plans. The firm depends on credit markets to fund
+obligations, due to a negative internal cash flow, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8082" NEWID="19754">
+<DATE>29-JUN-1987 12:57:43.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C 
+&#22;&#22;&#1;f1813&#31;reute
+d f BC-MEXICO-GETS-205-MLN-D   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO GETS 205 MLN DLRS IN WORLD BANK LOANS</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The World Bank said it approved two
+loans to Mexico totalling 205 mln dlrs to provide financial
+assistance to industrial companies and finance a project
+dealing with agricultural extension services.
+    Mexico's Nacional Financiera (NF), the recipient of both
+loans, will receive 185 mln dlrs to be used to provide
+long-term credit and equity funds to small and medium-sized
+industrial enterprises, the bank said.
+    It said a 20 mln dlr loan is being made to help finance a
+project designed to test strategies to improve the quality and
+cost effectiveness of agricultural extension services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8083" NEWID="19755">
+<DATE>29-JUN-1987 13:00:25.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1822&#31;reute
+b f BC-BANK-OF-NEW-YOR   06-29 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANK OF NEW YORK ADDS 135 MLN TO LOAN LOSSES, SEES SECOND
+QUARTER LOSS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8084" NEWID="19756">
+<DATE>29-JUN-1987 13:01:05.13</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f1824&#31;reute
+r f AM-GULF-CONGRESS   06-29 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S.CONGRESSMAN TO SEE REAGAN ON GULF REFLAGGING</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>U.S. House Speaker Jim Wright said he
+would question President Reagan tomorrow about his plan to
+protect Kuwaiti oil tankers with U.S. warships from attacks by
+Iran in the Gulf.
+    House and Senate Democrats, who control Congress, have been
+critical of Reagan's plan but have not decided how or if they
+should try to pass legislation to prohibit it.
+    Wright, a Texas Democrat, told reporters the Administration
+had gone ahead with plans to reflag the Kuwaiti tankers as U.S.
+ships without asking Congressional leaders for their advice.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8085" NEWID="19757">
+<DATE>29-JUN-1987 13:04:11.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1840&#31;reute
+r f BC-GENRAD-&lt;GEN>-INTRODUC   06-29 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENRAD &lt;GEN> INTRODUCES TEST SYSTEM</TITLE>
+<DATELINE>    CONCORD, Mass., June 29 - </DATELINE><BODY>GenRad Inc said it has introduced
+the HITEST test generation system.
+    The company said HITEST takes a modular approach to test
+generation, using a set of interactive software tools that
+automate many parts of the test generation process.
+    HITEST runs on Digital Equipment Corp &lt;DEC> VAX and
+MicroVax computers and is priced at 64,000 dlrs for a software
+license, GenRad said.
+    It added that delivery is immediate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8086" NEWID="19758">
+<DATE>29-JUN-1987 13:05:03.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1846&#31;reute
+u f BC-CAREMARK-&lt;CMRK.O>-TO   06-29 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAREMARK &lt;CMRK.O> TO VOTE BAXTER &lt;BAX> MERGER</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., June 29 - </DATELINE><BODY>Caremark Inc and Baxter
+Travenol Laboratories Inc jointly announced that Caremark
+shareholders will vote on July 31 to approve the previously
+announced merger with Baxter.
+    The companies said Caremark shareholders of record as of
+June 26 will be entitled to vote at the meeting to be held in
+Newport Beach, Calif, at 1000 PDT.
+    On May 11, Baxter and Carmark announced a definitive
+agreement for Baxter to acquire Carmark in a stock transaction
+valued at 528 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8087" NEWID="19759">
+<DATE>29-JUN-1987 13:05:36.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1848&#31;reute
+r f BC-ITALIAN-BANKS-PROVIDE   06-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN BANKS PROVIDE FINANCING TO ALGERIAN BANK</TITLE>
+<DATELINE>    MILAN, June 29 - </DATELINE><BODY>State merchant bank Mediobanca Spa
+&lt;MDBI.MI> said an Italian banking consortium has arranged 100
+mln dlrs in financing for Banque Exterieure d'Algerie.
+    Mediobanca said in a statement that the financing was part
+of an accord reached last March between Italy and Algeria which
+agreed 300 mln dlrs of financing for Italian exports to
+Algeria.
+    Mediobanca said 12 Italian banks were participating in the
+consortium, but gave no further details about the financing.
+Among the banks are Banca Nazionale del Lavoro (BANI.MI>, Banco
+di Sicilia and Efibanca Spa.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8088" NEWID="19760">
+<DATE>29-JUN-1987 13:06:47.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f1852&#31;reute
+u f BC-SEC-SAYS-CAMPEAU-UNIT   06-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC SAYS CAMPEAU UNIT VIOLATED DISCLOSURE RULES</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The Securities and Exchange
+Commission charged Allied Stores Corp with failing to promptly
+disclose key steps it was taking last September to thwart a
+takeover attempt by Campeau Corp.
+    In an administrative complaint, the SEC said Allied and its
+legal adviser failed to promptly inform shareholders and the
+agency that it had begun talks with Youngstown, Ohio, shopping
+center developer Edward DeBartolo in response to Campeau's
+takeover offer.
+    Campeau acquired Allied for an estimated 4.2 billion dlrs
+on Jan 1, following a battle with DeBartolo.
+    On Sept 25, a day after Allied disclosed that its board had
+urged rejection of Campeau's Sept 12 tender offer for 58 dlrs a
+share, Allied began negotiating the sale of six shopping
+centers to DeBartolo, the SEC said.
+    Allied legal advisor and director George Kern, who heads
+the merger and acquisitions group at the New York law firm of
+Sullivan and Cromwell, decided against amending Allied's SEC
+filing to disclose the talks even though they had resulted in
+sales price of 405 mln dlrs for the shopping centers, it said.
+    Securities law requires takeover target companies to
+promptly disclose such things as the sale of major assets.
+    The day after Campeau increased its tender offer to 80 pct
+of Allied's stock from 55 pct and raised its bid to 66 dlrs a
+share from 58 dlrs on Sept 29, Allied and a partnership headed
+by DeBartolo began negotiating a takeover deal aimed at
+thwarting Campeau, the SEC said.
+    Kern again decided against disclosing the talks in an
+amended SEC filing, the agency charged.
+    Allied's first disclosure of the DeBartolo takeover was
+made on Oct 8, even though its board approved the merger on Oct
+3 and the merger agreement was executed on Oct 7, the complaint
+said.
+    DeBartolo and Campeau later engaged in a bitter battle for
+control of Allied, with Campeau winning out later in October
+when it bought a block of 25.8 mln shares of Allied stock, or
+48 pct of the total, in a controversial move made only minutes
+after it dropped its hostile tender offer.
+    The acquisition of the additional 48 pct, which a federal
+judge allowed to be completed, gave Campeau a majority stake in
+Allied. Campeau bought the rest at 69 dlrs a share.
+    The SEC said it had planned to file a court brief joining
+with Allied in charging that Campeau had engaged in an illegal
+tender offer.
+    But the SEC brief was never filed since the case was
+dropped following an agreement between Campeau and DeBartolo.
+    In the administrative proceeding against Allied and Kern,
+the SEC is asking for an administrative order that they comply
+with reporting provisions of securities laws in the future.
+    Although Allied is no longer publicly traded since it
+became a subsidiary of Campeau, it still files annual and
+quarterly reports to the SEC because it has outstanding debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8089" NEWID="19761">
+<DATE>29-JUN-1987 13:09:19.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1860&#31;reute
+d f BC-GREAT-COUNTRY-BANK-&lt;G   06-29 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT COUNTRY BANK &lt;GCBK.O> YEAR MAY 31 NET</TITLE>
+<DATELINE>    ANSONIA, Conn., June 29 - 
+    </DATELINE><BODY>Shr 31 cts vs n/a
+    Net 671,000 dlrs vs 1,256,000 dlrs
+    Year
+    Shr 1.85 dlrs vs n/a
+    Net four mln dlrs vs 2.8 mln dlrs
+    Assets 426.4 mln dlrs vs 334.1 mln dlrs
+    Deposits 323.1 mln dlrs vs 277.2 mln dlrs
+    Loans 335.9 mln dlrs vs 254.9 mln dlrs
+    Note:the company does not give 1986 per share earnings as
+it converted from a mutual savings bank to a stock savings bank
+in January 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8090" NEWID="19762">
+<DATE>29-JUN-1987 13:09:28.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1861&#31;reute
+u f BC-ALLIED-SIGNAL-&lt;ALD>-C   06-29 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL &lt;ALD> COMPLETES UNIT SALES</TITLE>
+<DATELINE>    MORRIS TOWNSHIP, N.J., June 29 - </DATELINE><BODY>Allied-Signal Inc said it
+completed the sale seven businesses in its electronics and
+instrumentation sector for 1.8 billion dlrs in cash and in debt
+assumed by the purchasers.
+    The company said last December its would sell the units by
+mid 1987. It did not identify the buyers.
+    The company said the proceeds will be used to reduce debt,
+continue the company's share buyback program, and increase
+strategic investments in its core businesses and other
+corporate purposes.
+    It said the units sold were Ampex Corp, Amphenol Prodcuts,
+Linotype Group, Neptune International, MPB Corp, Revere Corp
+and Sigma Instruments Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8091" NEWID="19763">
+<DATE>29-JUN-1987 13:10:12.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1864&#31;reute
+d f BC-CYCARE-&lt;CYCR.O>-BUYS   06-29 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYCARE &lt;CYCR.O> BUYS CONTROL DATA &lt;CAD> UNIT</TITLE>
+<DATELINE>    PHOENIX, Ariz., June 29 - </DATELINE><BODY>Cycare Systems Inc, an
+information processing systems company, said it purchased the
+assets of Control Data Corp's MedTec unit for undisclosed
+terms.
+    MedTec is a provider of patient accounting and scheduling
+systems for large scale group medical practices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8092" NEWID="19764">
+<DATE>29-JUN-1987 13:13:17.88</DATE>
+<TOPICS><D>gold</D><D>zinc</D><D>lead</D><D>silver</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1872&#31;reute
+r f BC-U.S.-MINERALS-&lt;USMX.O   06-29 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MINERALS &lt;USMX.O> COMMISSIONS NEW GOLD MINE</TITLE>
+<DATELINE>    DENVER, June 29 - </DATELINE><BODY>U.S. Minerals Exploration Co said it and
+Pegasus Gold Inc &lt;PGUL.O> of Spokane, Wash, officially
+commissioned a new gold, zinc and lead producing mine.
+    U.S. Minerals said the new Montana Tunnels Mine near
+Helena, Mont, is expected to reach full production in August
+1987. U.S. Minerals said the mine is designed to operate at an
+average of 12,500 tons or ore per day and is projected to
+produce 95,000 ounces of gold in 1988, plus significant
+quantities of silver, lead and zinc.
+    U.S. Minerals said it has a 50 pct net profit royalty
+interest in the mine after payback of development costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8093" NEWID="19765">
+<DATE>29-JUN-1987 13:14:50.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1875&#31;reute
+r f BC-MITSUBISHI-RAISES-CAR   06-29 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI RAISES CAR/TRUCK PRICES IN U.S.</TITLE>
+<DATELINE>    FOUNTAIN VALLEY, Calif, June 29 - </DATELINE><BODY>Mitsubishi Motor Sales of
+America Inc said it is raising car prices by an average 1.8
+pct, or 227 dlrs and truck prices by 1.6 pct, or 150 dlrs,
+because of the continued strength of the Japanese yen against
+the U.S. dollar.
+    The company also said the price for its Montero
+sport/utility vehicle will be increased by 1.5 pct, or 150 dlr.
+    The changes are effective immediately, Mitsubishi also
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8094" NEWID="19766">
+<DATE>29-JUN-1987 13:16:25.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1879&#31;reute
+r f BC-BECOR-&lt;BCW>-TO-ADJOUR   06-29 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BECOR &lt;BCW> TO ADJOURN DELAYED HOLDERS MEETING</TITLE>
+<DATELINE>    SOUTH MILWAUKEE, Wisc, June 29 - </DATELINE><BODY>Becor Western Inc said no
+business will be transacted at the shareholders meeting
+scheduled for 1000 CDT tomorrow and the meeting will be
+permanently adjourned.
+    If a definitive agreement or transaction results from any
+of the offers now pending for the company's stock, Becor said,
+a date for a new shareholders meeting will be established.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8095" NEWID="19767">
+<DATE>29-JUN-1987 13:18:08.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1884&#31;reute
+u f BC-UNIVERSAL-COMMUNICATI   06-29 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL COMMUNICATION &lt;UCS> TO SELL ASSETS</TITLE>
+<DATELINE>    ROANOKE, Va., June 29 - </DATELINE><BODY>Universal Communication Systems Inc
+said it has tentatively agreed to sell substantially all its
+assets for about 79 mln dlrs in cash and notes plus limited
+profit participation.
+    The company said the terms of the sale have been approved
+by its board and by Prime Motor Inns Inc &lt;PDQ>, owner of about
+84 pct of Universal's outstanding stock.
+    It described the purchaser as a subsidiary of a company in
+the communications field which is one of the 100 largest U.S.
+corporations.
+    The company said the transaction involves the payment of 20
+mln dlrs in cash, a non-interest bearing payment of 11.3 mln
+dlrs in four equal instalments over four years and two
+promissory notes guaranteed by an affiliate of the purchaser.
+    It said a 31.5 mln dlr 14 pct note is payable in four equal
+instalments over four years. It said a 16.3 mln dlr 8.5 pct
+note due Dec 31, 1992, includes participation in the 1992
+profits of the acquiring company. Universdal said the profit
+element can be terminated with payments by the purchaser of
+either five mln dlrs in 1988, six mln dlrs in 1989, seven mln
+dlrs in 1990 or eight mln dlrs in 1991.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8096" NEWID="19768">
+<DATE>29-JUN-1987 13:18:59.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f1887&#31;reute
+f f BC-U.S.-TO-END-TAX   06-29 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TO END TAX TREATY WITH NETHERLANDS ANTILLES JANUARY
+1, 1988, TREASURY SAYS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8097" NEWID="19769">
+<DATE>29-JUN-1987 13:22:06.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1899&#31;reute
+u f BC-UNION-&lt;UEL.TO>-ENDS-P   06-29 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION &lt;UEL.TO> ENDS PACT TO SELL CANBRA &lt;CBF.TO></TITLE>
+<DATELINE>    TORONTO, June 29 - </DATELINE><BODY>Union Enterprises Ltd said its agreement
+to sell its interest in Canbra Foods Ltd to Macluan Capital
+Corp has been terminated.
+    Union said Macluan failed to make an offer for Union's 72
+pct interest in Canbra before the June 22 deadline.
+    Union said it is no longer bound by the agreement and is
+continuing to seek a buyer for the interest.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8098" NEWID="19770">
+<DATE>29-JUN-1987 13:22:50.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1902&#31;reute
+d f BC-PEPSI-&lt;PEP>-NAMES-NEW   06-29 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEPSI &lt;PEP> NAMES NEW AD AGENCY FOR BLACK MARKET</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>PepsiCo Inc's Pepsi-Cola USA said it
+named privately owned Lockhart and Pettus Inc of New York to
+handle its advertising and promotion to Black consumers.
+    Pepsi-Cola USA said it is the second major new account for
+Lochart and Pettus in as many weeks. Earlier this month,
+Chrysler Motors Corp named the agency to handle its minority
+marketing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8099" NEWID="19771">
+<DATE>29-JUN-1987 13:23:21.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1903&#31;reute
+d f BC-ATTN-IAN-resending   06-29 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNICORP &lt;UAC> POSTS GAIN ON PROPERTY SALE</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Unicorp American Corp &lt;UAC.A> said it
+will take an after-tax gain in the second quarter of 1.5 mln
+dlrs from the sale of three properties in the Boston area.
+    It said the properties were sold for aggregate proceeds of
+about 6.3 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8100" NEWID="19772">
+<DATE>29-JUN-1987 13:24:24.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1905&#31;reute
+r f BC-MOELX-&lt;MOLX.O>,-&lt;DUBI   06-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOELX &lt;MOLX.O>, &lt;DUBILIER PLC> SIGN AGREEMENT</TITLE>
+<DATELINE>    LISLE, Ill, June 29 - </DATELINE><BODY>Molex Inc said it signed a
+distribution and share-purchase agreement with Dubilier PLC, of
+Abingdon, Oxon, England.
+    Under the agreement, Molex will sell Dubilier's products
+worldwide and receive 2.1 mln ordinary shares in Dubilier at a
+price of two British pounds, or 3.22 U.S. dlrs, a share.
+    The shares, which represent 6.39 pct of the existing issued
+share capital of Dubilier, will be issued under a U.K.
+subscription agreement that restricts Molex from disposing of
+the shares and from increasing its holding above 9.9 pct for
+two years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8101" NEWID="19773">
+<DATE>29-JUN-1987 13:25:33.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1907&#31;reute
+d f BC-SSMC-&lt;SSM>-TO-BUY-CUT   06-29 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SSMC &lt;SSM> TO BUY CUTTERS EXCHANGE DIVISION</TITLE>
+<DATELINE>    STAMFORD, Conn, June 29 - </DATELINE><BODY>SSMC Inc said it has executed a
+letter of understanding to acquire the Parts Catalog Division
+of &lt;Cutters Exchange Inc> for an undisclosed amount.
+    SSMC, spun off from the Singer Co &lt;SMF> a year ago, said
+that the Parts Catalog Division wholesales parts and needles to
+the industrial sewing trade in the U.S.
+    Under the agreement, key managers and employees of the
+Parts Catalog Division in Nashville, Tenn, will relocate to the
+SSMC facility in Murfreesboro, SSMC said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8102" NEWID="19774">
+<DATE>29-JUN-1987 13:26:35.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1911&#31;reute
+d f BC-SUNRIVER-INTRODUCES-N   06-29 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNRIVER INTRODUCES NEW WORKSTATIONS</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>&lt;SunRiver Corp>, a Jackson, Miss.-based
+computer products company, said it introduced the first line of
+computer workstations designed to be connected with powerful
+personal computers over fiber-optic cable.
+    The privately held company said up to 16 of its new Cygna
+386 workstations can attach to a PC based on Intel Corp's
+&lt;INTC.O> 80386 microprocessor, which include models sold by
+Compaq Computer Corp &lt;CPQ> and International Business Machines
+Corp &lt;IBM>.
+    SunRiver said the Cygna workstations allow users to access
+files and share printers and other equipment controlled by an
+80386-based PC.
+    In addition, the workstations are the first of their kind
+to offer full graphics capabilities in a multiuser-multitasking
+environment, Sunriver said.
+    The company said the Cygna line will be available in
+October at prices starting at 1,599 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8103" NEWID="19775">
+<DATE>29-JUN-1987 13:27:12.01</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f1914&#31;reute
+b f BC-U.S.-TO-END-NETHERLAN   06-29 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TO END NETHERLANDS ANTILLES TAX TREATY</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The Treasury Department said it
+notified the Netherlands that it was terminating the 1948
+income tax treaty as it applies to the Netherlands Antilles and
+Aruba.
+    The termination is effective January 1, 1988, the Treasury
+said in a two-sentence announcement.
+    The Treasury decided to end the treaty after negotiations
+between the United States and the Netherlands over the past
+eight years had failed to reach an accord, a Treasury spokesman
+said.
+    The decision means the sale by U.S. parent companies of
+Eurobonds through Netherlands Antilles subsidiaries will no
+longer be free of the 30 pct U.S. withholding tax, the
+spokesman said.
+    Terminating the tax treaty with the Netherlands Antilles 
+may cause bond issuers to call in the bonds early. Most have
+maturities of 10 years or less and were issued before 1984, the
+spokesman said.
+    He said the Treasury did not expect the action to have an
+adverse effect on U.S. issuers of the bonds because the general
+decline in interest rates means they will be able to refinance
+at lower interest rates.
+    However, the holders of the bonds presumably will be faced
+with lower yields.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8104" NEWID="19776">
+<DATE>29-JUN-1987 13:34:36.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f1942&#31;reute
+r f BC-WESTINGHOUSE-&lt;WX>-TAK   06-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTINGHOUSE &lt;WX> TAKES OVER NUCLEAR PLANT</TITLE>
+<DATELINE>    HANFORD, Wash, June 29 - </DATELINE><BODY>Westinghouse Electric Corp took
+over operations of several facilities at the U.S. Department of
+Energy's Hanford Nuclear Reservation near Richland, Wash, the
+DOE said.
+    It said that Westinghouse replaces Rockwell International
+and UNC Nuclear Inc, who have been criticized by the state of
+Washington, the federal government and environmentalists for
+failing to correct safety problems at Hanford.
+    Westinghouse signed a four billion dlr contract three weeks
+ago to operate Hanford for the next five years, DOE said.
+    The contract provides the company and annual profit between
+1.4 mln and 14.6 mln dlrs, depending on the quality of its
+performance, the DOE said. "Our first objective is to be safe,"
+soid William Jacobi, Westinghouse general manager at Hanford,
+adding, "If we can make that (safety) a priority we can have
+the production we need."
+    Westinghouse's chief mission at Hanford is to produce
+plutonium, supervise research for the Strategic Defense
+Inititive, SDI, and the cleanup of military nuclear waste
+stored in tanks at the site since the 1940's, company and DOE
+officials said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8105" NEWID="19777">
+<DATE>29-JUN-1987 13:42:13.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1965&#31;reute
+r f BC-ELDON-INDUSTRIES-&lt;ELD   06-29 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELDON INDUSTRIES &lt;ELD> SEES RECORD 2ND QTR NET</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Eldon Industries Inc expects a record
+July 12 second quarter, Chairman Robert Silverstein told the
+New York Society of Security Analysts.
+    The company's previous best second quarter was the period
+ended July 12, 1986 when Eldon had earnings of 1,353,000 dlrs,
+or 31 cts a share on sales of 20.7 mln dlrs.
+    Silverstein said, "If these positive trends continue, we
+look forward to favorable quarterly comparisons for the balance
+of the year, resulting in another record year in sales and
+income."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8106" NEWID="19778">
+<DATE>29-JUN-1987 13:42:34.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1966&#31;reute
+u f BC-WESTLAND-GETS-40-MLN   06-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTLAND GETS 40 MLN STG FINANCING FACILITY</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>&lt;Westland Group Plc> said it signed a 40
+mln stg, five-year unsecured syndicated bond and guarantee
+facility.
+    In a prepared statement it said the facility would support
+future sales, particularly of helicopters, and would be
+extendable annually on an evergreen basis. The facility also
+could be used to guarantee down payments and advances by
+customers and to provide performance bonds.
+    The facility was provided equally by seven international
+banks from Europe and Japan and by Britain's Export Credits
+Guarantee Department.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8107" NEWID="19779">
+<DATE>29-JUN-1987 13:43:11.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1969&#31;reute
+u f BC-GREYHOUND-CORP-&lt;G>-DE   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREYHOUND CORP &lt;G> DEBT AFFIRMED BY MOODY'S</TITLE>
+<DATELINE>     NEW YORK, June 29 - </DATELINE><BODY>Moody's Investors Service said it
+affirmed Greyhound Corp's Baa-2 subordinated debt rating and
+Prime-2 commercial paper rating. Some 160 mln dlrs of long-term
+debt is affected.
+    Moody's said Greyhound's debt had been under review for
+possible downgrade since May, when it agreed to acquire the
+in-flight catering and airport terminal concession businesses
+of Carson Pirie Scott and Co for about 390 mln dlrs.
+    Moody's said it expects Greyhound to experience generally
+improved results over the next several years due to recent
+strategic acquisitions. It has reduced debt via asset sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8108" NEWID="19780">
+<DATE>29-JUN-1987 13:44:12.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1972&#31;reute
+r f BC-CAROLCO-PICTURES-&lt;CRC   06-29 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAROLCO PICTURES &lt;CRC>, ORBIS IN AGREEMENT</TITLE>
+<DATELINE>    LOS ANGELES, June 29 - </DATELINE><BODY>Carolco Pictures Inc said it signed
+a letter of intent to exchange 2.2 mln of its shares for all
+Orbis Communications Inc stock within the next 60 days.
+    It said the Carolco shares used in the exchange are valued
+at 7.00 dlrs a share or a total value of 15.4 mln dlrs and will
+be adjusted based on the price of Carolco shares on the closing
+date.
+    It said Orbis management will remain in place for at least
+three years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8109" NEWID="19781">
+<DATE>29-JUN-1987 13:45:09.78</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f1974&#31;reute
+u f BC-CIPEC-STUDYING-COPPER   06-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIPEC STUDYING COPPER MARKET BACKWARDATION</TITLE>
+<DATELINE>    PARIS, June 29 - </DATELINE><BODY>The Paris-based Intergovernmental Council
+of Copper Exporting Countries (CIPEC) is closely studying the
+current backwardation in world copper market prices but does
+not envisage taking corrective action at present, CIPEC sources
+here said.
+    The organisation's executive and marketing committees
+reviewed the current market situation during a series of
+meetings here late last week, but took no major decisions.
+    The sources noted that the backwardation - premium of
+nearby supply over forward delivery - dates back several weeks
+and is the longest on record.
+   "It's unusual," one official said, but added CIPEC did not
+have any immediate recipe to remedy the situation.
+    The meetings featured a gathering of the 10 directors of
+CIPEC's regional copper development and promotion centres,
+which are based in Europe, Japan, India and Brazil.
+    Their main aim was to prepare the ground for the annual
+ministerial meeting of CIPEC, which is scheduled for Zaire in
+late September.
+    The last three ministerial meetings have been held in Paris
+to keep down costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8110" NEWID="19782">
+<DATE>29-JUN-1987 13:45:15.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1975&#31;reute
+d f BC-PREMDOR-(PDI.TO)-TORO   06-29 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PREMDOR (PDI.TO) TORONTO WORKERS ON STRIKE</TITLE>
+<DATELINE>    TORONTO, June 29 - </DATELINE><BODY>Premdor Inc, a wooden door manufacturer,
+said employees at its Ellesmere Road plant in Toronto rejected
+a tentative contract agreement reached Saturday and this
+morning went on strike.
+    It said the employees narrowly rejected the agreement
+reached with the United Brotherhood of Carpenters and Joiners
+of America. The company gave no further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8111" NEWID="19783">
+<DATE>29-JUN-1987 13:46:34.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1983&#31;reute
+r f BC-HEALTH-AND-REHABILITA   06-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH AND REHABILITATION &lt;HRP> BUYS FACILITIES</TITLE>
+<DATELINE>    CAMBRIDGE, Mass, June 29 - </DATELINE><BODY>Health and Rehabilitation
+Properties Trust said it has reached an understanding to
+purchase three skilled nursing facilities in Massachusetts and
+Connecticut for 29 mln dlrs, and lease them back to Greenery
+Rehabilitation Group Inc &lt;GRGI.O> of Cambridge, Mass.
+    Health and Rehabilitation Properties said The facilities
+are Beverly Nursing Home, a 160 bed facility in Beverly, Mass,
+Liberty Pavillion Nursing Home, a 160-bed facility in Danvers,
+Mass, and New Lakeview Convalescent Home, a 210-bed facility in
+Chesire, Conn.
+   
+    Health and Rehabilitation Services said each of the
+facilities provides skilled nursing care to medically demanding
+geriatric patients.
+    Health and Rehabilitation Services said the buildings will
+be leased back to Greenery for an initial term of seven years,
+subject to renewal options for an additional 23 years. The
+transaction is expected to close on or before August 31.
+    Health and Rehabilitation said the facilities are now
+operated by Greenery Rehabilitation, which owns 9.9 pct of
+Health and Rehabilitation's outstanding shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8112" NEWID="19784">
+<DATE>29-JUN-1987 13:48:49.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1993&#31;reute
+r f BC-CANADIAN-HOME-SHOPPIN   06-29 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN HOME SHOPPING (CWS.TO) 1ST QTR LOSS</TITLE>
+<DATELINE>    TORONTO, June 29 -
+    </DATELINE><BODY>Shr loss 26 cts
+    Net loss 1,277,737
+    Revs 3.7 mln
+    Note: full name Canadian Home Shopping Network Ltd.
+    Period ended April 30 was company's first quarter of
+operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8113" NEWID="19785">
+<DATE>29-JUN-1987 13:49:28.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM 
+&#22;&#22;&#1;f1996&#31;reute
+u f BC-CANADA-SETS-NEW-STAND   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA SETS NEW STANDBY CREDIT FACILITY</TITLE>
+<DATELINE>    OTTAWA, June 29 - </DATELINE><BODY>Finance Minister Michael Wilson announced
+amendments to Canada's revolving standby credit facility with a
+group of Canadian banks to provide more favorable terms
+including a reduced commitment fee and lower-cost borrowing
+options.
+    The size of the facility has also been reduced to three
+billion dlrs U.S. from 3.5 billion dlrs U.S. The maturity
+debate of the new agreement will be June 19, 1992.
+    The move follows similar amendments last November to
+Canada's revolving standby credit facility with international
+banks. The amendments provide a total of seven billion dlrs
+U.S. in standby credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8114" NEWID="19786">
+<DATE>29-JUN-1987 13:49:46.89</DATE>
+<TOPICS><D>copper</D></TOPICS>
+<PLACES><D>finland</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f1998&#31;reute
+r f BC-OUTOKUMPU-IN-COPPER-D   06-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OUTOKUMPU IN COPPER DEAL WITH IBERICA DEL COBRE</TITLE>
+<DATELINE>    HELSINKI, June 26 - </DATELINE><BODY>Finland's state-owned mining company
+Outokumpu Oy said in a statement it was entering Spanish
+markets as a shareholder in Iberica del Cobre, S.A., a
+manufacturer of copper products.
+    Outokumpu will acquire 21 pct of the shares in the Spanish
+company and a company will be set up as an agent for Outokumpu
+Spain. The deal awaits approval by the Spanish government.
+    Iberica del Cobre makes tubes, rods, rolled and drawn
+copper and alloy products and its sales of 87,000 tonnes of
+output in 1986 amounted to 22 billion pesetas. Outokumpu's
+turnover in 1986 was 7.58 billion markka.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8115" NEWID="19787">
+<DATE>29-JUN-1987 13:49:51.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1999&#31;reute
+r f BC-CONCORD-FABRICS-INC-&lt;   06-29 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONCORD FABRICS INC &lt;CIS> 3RD QTR OPER NET</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Period ended May 31
+    Oper shr 31 cts vs 29 cts
+    Oper net 552,035 vs 525,729
+    Sales 36.7 mln vs 29.1 mln
+    Nine mths
+    Oper shr 1.08 dlrs vs 1.04 dlrs
+    Oper net 1,931,488 vs 1,864,075
+    Sales 104.9 mln vs 87.6 mln
+    NOTE: 1986 period ended June One
+    NOTE: Earnings exclude gain on disposal of discontinued
+operations of 162,000 dlrs, or nine cts a share vs loss of
+585,175 dlrs, or 33 cts a share in the quarter and a gain of
+432,000 dlrs, or 24 cts a share vs a loss of 585,175 dlrs, or
+33 cts a share for the nine months
+    1986 earnings exclude losses from discontinued operations
+of 111,024 dlrs, or six cts a share in the quarter and 237,773
+dlrs, or 13 cts a share for the nine months
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8116" NEWID="19788">
+<DATE>29-JUN-1987 13:50:58.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2007&#31;reute
+r f BC-GENERAL-PUBLIC-UTILIT   06-29 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL PUBLIC UTILITIES &lt;GPU> FIVE MTHS NET</TITLE>
+<DATELINE>    PARSIPPANY, N.J., June 29 - </DATELINE><BODY>Period ended May 31
+    Shr 1.81 dlrs vs 1.45 dlrs
+    Net 113,752,000 vs 90,902,000
+    Revs 1.12 billion vs 1.20 billion
+    NOTE: Full name is General Public Utilities Corp
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8117" NEWID="19789">
+<DATE>29-JUN-1987 13:51:34.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2011&#31;reute
+h f BC-VMX-&lt;VMXI.O>-UNVEILS   06-29 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VMX &lt;VMXI.O> UNVEILS NEW VOICE MESSAGING TOOLS</TITLE>
+<DATELINE>    DALLAS, June 29 - </DATELINE><BODY>VMX Inc said it has introduced three new
+voice messaging capabilities called Host Data Link, Auto
+Scheduler and User Changeable Voice Codes.
+    The company said Host Data Link and Auto Scheduler
+streamline and automate reporting functions, while User
+Changeable lets individual users create and update their own
+group codes from their voice mailbox.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8118" NEWID="19790">
+<DATE>29-JUN-1987 13:51:59.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2014&#31;reute
+w f BC-COMTREX-SYSTEMS-CORP   06-29 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMTREX SYSTEMS CORP &lt;COMX.O> YEAR LOSS</TITLE>
+<DATELINE>    MT. LAUREL, N.J., June 29 - </DATELINE><BODY>Year ended March 31
+    Shr loss three cts vs profit 10 cts
+    Net loss 58,285 vs profit 182,039
+    Sales 3,857,122 vs 3,188,555
+    Avg shrs 2,108,080 vs 1,891,250
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8119" NEWID="19791">
+<DATE>29-JUN-1987 13:52:13.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2015&#31;reute
+s f BC-&lt;FRANKLIN-AGE-HIGH-IN   06-29 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN AGE HIGH INCOME FUND> dividend</TITLE>
+<DATELINE>    SAN MATEO, Calif., June 29 -
+    </DATELINE><BODY>Mthly div 3.6 cts vs 3.6 cts last month
+    Payable July 14
+    Record July 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8120" NEWID="19792">
+<DATE>29-JUN-1987 13:52:34.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2016&#31;reute
+s f BC-&lt;FRANKLIN-U.S.-GOVERN   06-29 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN U.S. GOVERNMENT SECURITIES FUND>PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., June 29 -
+    </DATELINE><BODY>Mthly div 5.8 cts vs six cts last month
+    Payable July 14
+    Record July 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8121" NEWID="19793">
+<DATE>29-JUN-1987 13:52:49.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2017&#31;reute
+s f BC-&lt;FRANKLIN-CALIFORNIA   06-29 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN CALIFORNIA TAX-FREE INCOME FUND>PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., June 29 -
+    </DATELINE><BODY>Mthly div 4.5 cts vs 4.5 cts last month
+    Payable July 14
+    Record July 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8122" NEWID="19794">
+<DATE>29-JUN-1987 13:53:04.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2018&#31;reute
+s f BC-&lt;FRANKLIN-NEW-YORK-TA   06-29 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;FRANKLIN NEW YORK TAX-FREE INCOME FUND> PAYOUT</TITLE>
+<DATELINE>    SAN MATEO, Calif., June 29 -
+    </DATELINE><BODY>Mthly div 7.3 cts vs 7.3 cts last month
+    Payable July 14
+    Record July 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8123" NEWID="19795">
+<DATE>29-JUN-1987 13:53:13.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2019&#31;reute
+s f BC-STANDARD-PRODUCTS-CO   06-29 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD PRODUCTS CO &lt;SPD> REGULAR DIVIDEND</TITLE>
+<DATELINE>    CLEVELAND, June 29 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior
+    Pay July 24
+    Record July 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8124" NEWID="19796">
+<DATE>29-JUN-1987 13:54:05.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2022&#31;reute
+u f BC-SETON-&lt;SEL>-DIRECTORS   06-29 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SETON &lt;SEL> DIRECTORS APPROVE MERGER AGREEMENT</TITLE>
+<DATELINE>    NEWARK, N.J., June 29 - </DATELINE><BODY>Seton Co said its board of
+directors unanimously approved an agreement and plan of merger
+providing for the merger of Seton with a unit of S Acquisition
+Corp, a New Jersey company.
+    Seton said its board of directors unanimously approved the
+merger in a meeting held today.
+    Seton said the agreement and plan of merger provides that
+all shares of Seton Co common stock not held by S Acquisition
+Corp, or its units, will be converted upon the merger into the
+right to receive 15.88 dlrs per share in cash.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8125" NEWID="19797">
+<DATE>29-JUN-1987 13:55:31.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2028&#31;reute
+d f BC-ANGLO-AMERICAN-ATTACK   06-29 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANGLO AMERICAN ATTACKS KEY APARTHEID LAW</TITLE>
+<DATELINE>    JOHANNESBURG, June 29 - </DATELINE><BODY>Anglo American Corp of South Africa
+Ltd. &lt;ANGL.J> has attacked a key apartheid law barring blacks
+from living in white residential areas as "racially
+discriminatory" and "economically wasteful."
+    The Group Areas Act, was also a "misuse of resources the
+South African economy can no longer sustain," the directors said
+in the annual report released today.
+    These latest remarks by South Africa's biggest company,
+follows past criticisms by the firm that apartheid was
+economically inefficient.
+
+    The company said the country's prospects for economic
+growth had improved in the past few months after two years of
+deep recession, but cautioned that the economic outlook was
+heavily dependent on a solution to South Africa's political
+turmoil.
+    The directors said the resumption of sustained economic
+growth was dependent on stable domestic conditions and the
+restoration of normal international relationships.
+    The South African government this year is targeting three
+pct real growth in gross domestic product against an increase
+of less than one pct last year.
+
+    "A moderate rate of growth in the year ahead should not give
+rise to strains on the balance payments, provided there is not
+a substantial deterioration in export earnings or an
+acceleration of capital outflows," Anglo American said.
+    Anglo American last month reported a 25.8 pct advance in
+net attributable profit to 1.5 billion rand in the year to
+March 31.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8126" NEWID="19798">
+<DATE>29-JUN-1987 13:55:55.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>greece</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2031&#31;reute
+u f BC-JAPANESE-BANKS-LEND-2   06-29 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE BANKS LEND 20 BILLION YEN TO GREECE</TITLE>
+<DATELINE>    ATHENS, June 29 - </DATELINE><BODY>The central state owned Bank of Greece
+said a consortium of Japanese banks will lend it 20 billion yen
+for use in the public sector.
+    The Bank said in a statement the loan will be for 10 years
+with a five year grace period.
+    The first five years of the loan will have a fixed interest
+rate, slightly above the long term prime rate of the Japanese
+money market, with an adjustment in the second five years in
+accordance with prevailing market rates.
+    Banks in the consortium are Bank of Tokyo International
+Ltd, Industrial Bank of Japan Ltd, The Long Term Credit Bank of
+Japan, Dai-Ichi Mutual Life Insurance Co, Sumitomo Bank Ltd,
+Mitsubishi Bank Ltd, Sanwa Bank and Yashouda Bank and Trust
+Corp, the Bank of Greece said.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8127" NEWID="19799">
+<DATE>29-JUN-1987 13:56:21.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2032&#31;reute
+u f BC-DI-GIORGIO-&lt;DIG>-TO-E   06-29 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DI GIORGIO &lt;DIG> TO EVALUATE GABELLI OFFER</TITLE>
+<DATELINE>    SAN FRANCISCO, June 29 - </DATELINE><BODY>Di Giorgio Corp said it plans to
+respond to an unsolicited recapitalization plan proposed by
+Gabelli and Co Inc after the company, its board and its
+investment bankers evaluate the proposal.
+    Earlier, Gabelli said in a filing with the Securities and
+Exchange Commission that it holds a 28.5 pct stake in DiGiorgio
+and that it, together with Gamco Investors Inc may seek control
+of the company.
+    In addition, on June 25 the Gabelli group proposed to
+acquire all of Di Giorgio's common shares for a combination of
+20 dlrs per share in cash, a subordinated note with a face
+value of eight dlrs and one common share of the post-buyout
+company.
+    The June 25 buyout proposal remains open until July 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8128" NEWID="19800">
+<DATE>29-JUN-1987 13:58:18.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2036&#31;reute
+r f BC-COURT-TO-HEAR-NEC-LAW   06-29 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COURT TO HEAR NEC LAWSUIT PETITION</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., June 29 - </DATELINE><BODY>Nec Electronics Inc said
+the U.S. Ninth District Circuit Court of Appeals has agreed to
+hear the company's petition seeking the disqualification of the
+judge presiding over its lawsuit against Intel Corp &lt;INTC.O>.
+    In granting the hearing the court directed Intel to respond
+to the NEC petition by July 16, NEC said.
+    The petition stems from a suit filed by NEC against Intel
+in 1984.
+    In its complaint NEC is seeking a judgement stating that
+microcode is not copyrightable subject matter and that the
+microcode NEC uses in its V-Series microprocessors does not
+infringe on any valid Intel corprights.
+    During May last year the judge presiding over the case,
+William Ingram, submitted a financial disclosure report to the
+U.S. Judicial Conference which showed that he owned Intel stock
+through an investment club throughout the proceedings, NEC
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8129" NEWID="19801">
+<DATE>29-JUN-1987 13:59:50.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2040&#31;reute
+r f BC-INT'L-BANKNOTE-&lt;IBK>   06-29 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INT'L BANKNOTE &lt;IBK> EXCHANGES DEBENTURES</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>International Banknote Co Inc said it
+accepted for exchange 3,484,000 dlrs principal amount of its
+10-1/4 pct subordinated debentures due Aug 1, 1998.
+    It said the exchange was part of its offer, which expired
+June 26.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8130" NEWID="19802">
+<DATE>29-JUN-1987 14:00:43.21</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2043&#31;reute
+r f BC-GUNNAR-GOLD-(GGG.TO)   06-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUNNAR GOLD (GGG.TO) IN VENTURE AGREEMENT</TITLE>
+<DATELINE>    CALGARY, June 29 - </DATELINE><BODY>Gunnar Gold Inc said it and Mill City
+Gold Inc signed an option and joint venture agreement with
+Tyranex Gold Inc on the Tyranite gold property in Ontario.
+    Gunnar said it and Mill City can earn a 50 pct interest in
+Tyranex's option to buy the Tyranite gold mine by spending up
+to five mln dlrs on exploration, development, and feasibility
+studies by 1990.
+    It said the companies may form a joint venture partnership
+to bring the mine to full commercial production.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8131" NEWID="19803">
+<DATE>29-JUN-1987 14:01:22.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2045&#31;reute
+d f BC-DATA-ARCHITECTS-INC-&lt;   06-29 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATA ARCHITECTS INC &lt;DAI> 2ND QTR MAY 31 NET</TITLE>
+<DATELINE>    WALTHAM, Mass., June 29 -
+    </DATELINE><BODY>Shr 19 cts vs 16 cts
+    Net 502,000 vs 401,000
+    Revs 8,791,000 vs 6,650,000
+    Six mths
+    Shr 38 cts vs 29 cts
+    Net 989,000 vs 745,000
+    Revs 16.3 mln vs 12.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8132" NEWID="19804">
+<DATE>29-JUN-1987 14:01:58.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2048&#31;reute
+r f BC-CONTROL-DATA-&lt;CDA>-GE   06-29 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTROL DATA &lt;CDA> GETS 13.7 MLN DLR CONTRACT</TITLE>
+<DATELINE>    MINNEAPOLIS, June 29 - </DATELINE><BODY>Control Data Corp said the
+Aeronautical Systems Division of the U.S. Air Force awarded it
+a 13.7 mln dlr contract to provide a Central Datacomm System.
+    It said the system will act as the central interface
+between numerous user organizations and the division's
+Information Systems and Technology Center at Wright-Patterson
+Air Force Base in Ohio.
+    Terms of the five-year, two-phase contract call for Control
+Data to supply equipment, software, maintenance, training and
+support services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8133" NEWID="19805">
+<DATE>29-JUN-1987 14:02:29.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2052&#31;reute
+d f BC-TELEQUEST-INC-&lt;TELQ.O   06-29 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEQUEST INC &lt;TELQ.O> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    SAN DIEGO, June 29 - </DATELINE><BODY>TeleQuest Inc said that Henry
+Marcheschi, president, chairman and ceo of the company, has
+resigned for health reasons.
+    The board of directors has elected Robert Lee, a co-founder
+of the company and former executive vice president of
+manufacturing and engineering, as president and chief executive
+officer, the company said.
+    Marcheschi will continue to work for the company as a
+consultant, Telequest added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8134" NEWID="19806">
+<DATE>29-JUN-1987 14:03:47.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2061&#31;reute
+u f BC-HOSPITAL-GROUP-IS-AGA   06-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOSPITAL GROUP IS AGAINST MANDATORY AIDS TESTING</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>The American Hospital Association said
+the best way to prevent the spread of AIDS to hospital workers
+is for workers to wear protective clothing rather than through
+routine tests of all hospital patients for the disease.
+    The non-profit advocacy organization, which represents
+hospitals and patients, recommended that hospital workers
+should wear protective gear whenever there is a chance they
+will be exposed to blood or other bodily fluids, regardless of
+whether the fluids are known to be infected with AIDS.
+    The group also said that "reliance on negative AIDS test
+results to determine when to take specific precautions can lead
+to a false sense of security among health care workers."
+    So far there are nine cases on record of hospital workers
+contracting AIDS from hospital patients. Despite the low risk
+of contracting, the group said, "Hospital workers are
+understandly concerned about their vulnerability (to AIDS)."
+    There are 3.6 mln workers in the nation's hospitals with
+nurses and housekeepers the most likely to come in contact with
+blood and body fluids on a daily basis, the group said.
+    Among the Americal Hospital Association's recommendations
+were that health care workers exposed to body fluids must wear
+gloves, and in some cases, gowns, masks, and eye coverings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8135" NEWID="19807">
+<DATE>29-JUN-1987 14:05:04.82</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>colombia</D><D>brazil</D></PLACES>
+<PEOPLE><D>dauster</D></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f2068&#31;reute
+u f BC-consumer-countries-sh   06-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAUSTER SAYS CONSUMERS SHOULD KEEP OUT OF QUOTAS</TITLE>
+<DATELINE>    MEDELLIN, Colombia, June 29 - </DATELINE><BODY>Consumer countries should not
+intervene in the distribution of coffee export quotas,
+Brazilian Coffee Institute president Jorio Dauster said.
+    "Distribution of export quotas should be in the hands of
+producers as has been traditional," Dauster, a delegate at the
+recent coffee symposium here, told journalists. "When consumers
+want to get involved, talks are much more difficult."
+    The main consumer country the United States and main
+producer Brazil failed to reach agreement on quota distribution
+when the International Coffee Organisation (ICO) met in
+February.
+    Dauster said Brazil's role when the ICO meets in London in
+September will be to support the world coffee pact, defend its
+market share and argue for distribution of quotas to be in the
+hands of producer countries.
+    "We have sacrificed a great deal already," he said. "this year
+we have a crop of 35 mln bags, we have economic problems and we
+are not in a position to do favours."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8136" NEWID="19808">
+<DATE>29-JUN-1987 14:07:06.52</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f2074&#31;reute
+d f BC-GUNNAR-GOLD-IN-VENTUR   06-29 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUNNAR GOLD IN VENTURE AGREEMENT</TITLE>
+<DATELINE>    CALGARY, June 29 - </DATELINE><BODY>Gunnar Gold Inc said it and Mill City
+Gold Inc signed an option and joint venture agreement with
+Tyranex Gold Inc on the Tyranite gold property in Ontario.
+    Gunnar said it and Mill City can earn a 50 pct interest in
+Tyranex's option to buy the Tyranite gold mine by spending up
+to five mln dlrs on exploration, development, and feasibility
+studies by 1990.
+    It said the companies may form a joint venture partnership
+to bring the mine to full commercial production.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8137" NEWID="19809">
+<DATE>29-JUN-1987 14:11:29.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2087&#31;reute
+r f BC-CROWN-CRAFTS-&lt;CRW>-SE   06-29 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CROWN CRAFTS &lt;CRW> SEES RECORD 1ST QTR RESULTS</TITLE>
+<DATELINE>    CALHOUN, GA., June 29 - </DATELINE><BODY>Crown Crafts Inc said it expects to
+report record sales and earnings for the June 28 first quarter.
+    The company said its prior record sales quarter was the
+second quarter of fiscal 1987 with sales of 15,097,000 dlrs.
+    Its prior record net earnings and primary earnings per
+share of 877,000 dlrs, or 1.15 dlrs a share, were achieved in
+the third quarter of fiscal 1987.
+    Crown also said its backlog stands at more than 17.0 mln
+dlrs, double the backlog a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8138" NEWID="19810">
+<DATE>29-JUN-1987 14:12:25.68</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2088&#31;reute
+b f BC-BRITISH-PETROLEUM-COM   06-29 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH PETROLEUM COMPLETES STANDARD OIL MERGER</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>British Petroleum Company PlC &lt;BP.L> has
+completed its merger with Standard Oil Co of the U.S. &lt;SRD>,
+raising its holding to 100 pct from 55 pct, BP said in a
+statement.
+    The acquisition was made through BP's wholly-owned
+subsidiary &lt;BP America Inc>. BP took a 25 pct stake in Standard
+in 1970, raising its stake to 53 pct in 1978 and 55 pct in
+1984.
+    BP chairman Sir Peter Walters will be chairman of BP
+America, while Robert Horton is to be vice-chairman and chief
+executive officer, with Frank Mosier as president.
+    BP said further details would be released on July 21.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8139" NEWID="19811">
+<DATE>29-JUN-1987 14:14:05.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2092&#31;reute
+r f BC-GETTY-RESOURCES-(GEY.   06-29 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GETTY RESOURCES (GEY.TO) COMPLETES FINANCING</TITLE>
+<DATELINE>    VANCOUVER, June 29 - </DATELINE><BODY>Getty Resources Ltd said it completed
+its previously announced sale of 9.8 mln dlrs worth of
+subordinated notes convertible into 930,000 common shares of
+the company at 10.50 dlrs each.
+    Getty said it plans to file a prospectus with the Ontario
+Securities Commission and will be able to force conversion of
+the notes into common shares.
+    Getty said it plans to use the money for Canadian mineral
+projects it is currently exploring.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8140" NEWID="19812">
+<DATE>29-JUN-1987 14:14:19.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2093&#31;reute
+w f BC-THOR-ENERGY-RESOURCES   06-29 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOR ENERGY RESOURCES &lt;THR> YEAR JAN 31 LOSS</TITLE>
+<DATELINE>    TYLER, TEXAS, June 29 -
+    </DATELINE><BODY>Shr loss four cts vs loss seven cts
+    Net loss 267,000 vs loss 445,000
+    Revs 6,407,000 vs 7,428,000
+    NOTE: Full name is Thor Energy Resources Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8141" NEWID="19813">
+<DATE>29-JUN-1987 14:14:52.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2095&#31;reute
+h f BC-AMERICAN-CENTURY-&lt;ACT   06-29 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CENTURY &lt;ACT> COMPLETES FORECLOSURE</TITLE>
+<DATELINE>    SAN ANTONIO, TEXAS, June 29 - </DATELINE><BODY>American Century Corp said
+its Commerce Savings subsidiary received 42.8 mln dlrs from the
+foreclosure of certain properties in Aspen, Colo.
+    It said the sum represents the amount Commerce bid for the
+properties in the April foreclosure sale plus interest. The
+properties include a hotel and condominium development site,
+the 60-acre Aspen Meadows development and a residence.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8142" NEWID="19814">
+<DATE>29-JUN-1987 14:15:05.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2096&#31;reute
+h f BC-JAGUAR-PLANS-ONE-BILL   06-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAGUAR PLANS ONE BILLION STG OUTLAY</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>Jaguar Plc &lt;JAGR.L> will spend about one
+billion stg over the next six years on expanded production,
+automation and improved efficiency, Jaguar chairman Sir John
+Egan said.
+    He told reporters the company planned to raise production
+to around 80,000 cars a year by 1992 from 47,000 this year,
+while productivity was expected to rise to 5.5 cars per worker
+in 1990 compared with four cars now.
+    Egan said the XJ6 model introduced last October was the
+first of a new saloon car family. Jaguar planned to bring out a
+new sports car in the early 1990s, probably called the "F."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8143" NEWID="19815">
+<DATE>29-JUN-1987 14:15:19.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2098&#31;reute
+d f BC-HEI-CORP-&lt;HEIC.O>-4TH   06-29 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEI CORP &lt;HEIC.O> 4TH QTR MARCH 31 LOSS</TITLE>
+<DATELINE>    HOUSTON, June 29 -
+    </DATELINE><BODY>Oper shr loss 13 cts vs profit three cts
+    Oper net loss 644,000 vs profit 184,000
+    Revs 24.9 mln vs 22.1 mln
+    Year
+    Oper shr loss nine cts vs profit 21 cts
+    Oper net loss 429,000 vs profit 1,123,000
+    Revs 90.8 mln vs 86.5 mln
+   
+    NOTE: Revenues exclude medical publishing and retail
+operations the company decided to dispose of during the fourth
+quarter which had fiscal year revenues of 17.3 mln dlrs vs 14.4
+mln dlrs.
+    Operating results exclude discontinued operations which had
+year loss of 364,000 dlrs vs profit 313,000 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8144" NEWID="19816">
+<DATE>29-JUN-1987 14:24:34.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2108&#31;reute
+r f BC-NBC-1STLD   06-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NBC SAYS PROGRAMMING NOT AFFECTED BY STRIKE</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>National Broadcasting Co, a unit of
+General Electric Co &lt;GE>, said programming has not been
+affected by a strike which began just after midnight June 28.
+    "Right now things are running very smoothly," said NBC
+spokeswoman McClaine Ramsey.
+    The strike by members of the National Association of
+Broadcast Employees, representing 2,800 of NBC's 8,000 workers,
+began after the network imposed a contract which the union said
+was unacceptable. The union said its main objection to the
+contract was that it permitted NBC to employ additional
+part-time workers.
+    Ramsey said managers had been trained to replace the roles
+of many of the producers, news writers, editors and technicians
+who walked off the job. She said no reductions in programming,
+much of which is summer re-run schedule, were expected.
+    NABET executive board member Bill Freeh said many people,
+some brought in from foreign news bureaus, had crossed picket
+lines set up at NBC television stations and bureaus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8145" NEWID="19817">
+<DATE>29-JUN-1987 14:24:54.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2110&#31;reute
+d f BC-AFFILIATED-PUBLICATIO   06-29 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFFILIATED PUBLICATIONS &lt;AFP> QUARTERLY DIV</TITLE>
+<DATELINE>    BOSTON, June 29 - 
+    </DATELINE><BODY>Qtly div eight cts vs eight cts prior
+    Pay Sept 1
+    Record Aug 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8146" NEWID="19818">
+<DATE>29-JUN-1987 14:26:06.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2114&#31;reute
+r f BC-ALLIS-CHALMERS-&lt;AH>-D   06-29 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIS-CHALMERS &lt;AH> DEBENTURES CUT BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded 95.9 mln dlrs of debt of Allis-Chalmers Corp.
+    Cut to D from B-minus were the 6.1 pct sinking fund
+debentures due 1990 and to D from C were the cumulative
+convertible preferred stock.
+    S and P cited the company's filing for reorganization under
+Chapter 11 of the federal bankruptcy code.
+    The issues were removed from review where they were placed
+on March nine due to the firm's failed recapitalization plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8147" NEWID="19819">
+<DATE>29-JUN-1987 14:27:22.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D><D>uae</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM Y V 
+&#22;&#22;&#1;f2116&#31;reute
+u f AM-GULF-UAE   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA, UAE TO INITIATE EFFORTS TO END GULF WAR</TITLE>
+<DATELINE>    ABU DHABI, June 29 - </DATELINE><BODY>Yugoslavia and the United Arab
+Emirates (UAE) have agreed to initiate efforts to end the Iraq-
+Iran war, UAE Minister of State for Foreign Affairs Rashid
+Abdulla al-Nuaimi said today on return from Belgrade.
+    "We agreed during the talks to initiate efforts to end the
+Iraq-Iran war, call for an international peace conference for
+the Middle East and to revive and support the Non-Aligned
+states," the Emirates news agency WAM quoted him as saying.
+    He was the first senior UAE official to visit Yugoslavia
+since the two countries established diplomatic relations last
+November.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8148" NEWID="19820">
+<DATE>29-JUN-1987 14:29:39.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2118&#31;reute
+d f BC-UNO-RESTAURANT-&lt;UNO>   06-29 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNO RESTAURANT &lt;UNO> STOCK TRADES ON AMEX</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>The American Stock Exchange said
+4,250,000 shares of Uno Restaurant Corp, holding company for a
+chain of 37 pizza restaurants, began trading under the symbol
+"UNO."
+    The West Roxbury, Mass.-based company previously traded in
+the NASDAQ National System under the symbol "UNOS."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8149" NEWID="19821">
+<DATE>29-JUN-1987 14:30:17.62</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2121&#31;reute
+f f BC-export-inspections   06-29 0019</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS,
+SOYBEANS 8,392 WHEAT 33,641 CORN 33,728
+                             
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8150" NEWID="19822">
+<DATE>29-JUN-1987 14:31:01.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2124&#31;reute
+u f BC-rtr-commodity-index   06-29 0020</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTER COMMODITY INDEX - June 29</TITLE>
+<DATELINE>    Today - </DATELINE><BODY>1631.4
+    Previous - 1614.2
+    Four weeks ago - 1628.9
+    Year ago - 1453.8
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8151" NEWID="19823">
+<DATE>29-JUN-1987 14:31:41.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2128&#31;reute
+r f BC-RTE-&lt;RTE>-BUYS-SOME-E   06-29 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RTE &lt;RTE> BUYS SOME EMHART &lt;EMH> ASSETS</TITLE>
+<DATELINE>    BROOKFIELD, WISC, June 29 - </DATELINE><BODY>RTE Corp said it completed the
+purchase of the U.S. aluminum electrolytic capacitor business
+and related assets of Emhart Corp, for undisclosed terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8152" NEWID="19824">
+<DATE>29-JUN-1987 14:33:33.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2138&#31;reute
+u f BC-WORLD-BANK-APPROVES-1   06-29 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK APPROVES 100 MLN DLR LOAN FOR BRAZIL</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The World Bank said it approved a 100
+mln dlr loan to help Brazil finance the rehabilitation of the
+railway in Sao Paulo State and establish a institutional reform
+program as a base for future commercial operation.
+    The 285 mln dlr project is designed to financially
+rehabilitate the railway -- the primarily state-owned Ferrovia
+Paulista, S.A. -- and improve transportation on the lines
+leading to the city of Sao Paulo and the port of Santos.
+    The loan is for 14-years, including three and one-half
+years of grace, and carries a variable interest rate, currently
+7.92 pct, linked to the bank's cost of borrowing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8153" NEWID="19825">
+<DATE>29-JUN-1987 14:35:23.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM 
+&#22;&#22;&#1;f2146&#31;reute
+u f BC-BC-CANADA-(SCHEDULED   06-29 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA SETS OFF ITS OWN BIG BANG</TITLE>
+<AUTHOR>    By Peter Cooney, Reuters</AUTHOR>
+<DATELINE>    TORONTO, June 29 - Echoes of London's Big Bang -- </DATELINE><BODY>stock
+market deregulation -- will be heard Tuesday when the Canadian
+securities industry sets off its own fireworks.
+    Some companies are quickly taking advantage of
+deregulation, but more significant moves are likely to be a
+year or more down the road, analysts say.
+    They say most foreign firms will focus at first on bond
+trading, debt financing and underwriting, areas in which they
+have experience under the old rules that allowed them to
+provide government debt financing and advisory services.
+    "When they learn about Canada, they might go into retail,"
+said Carney at Merrill Lynch Canada. "Then they will eventually
+just start to buy up the little guys. If the bigger boys' price
+comes down, they'll end up taking those ones over too."
+    Under the new rules, barriers that kept banks, brokerage
+houses, insurance companies and trust firms out of each others'
+businesses will be swept away in favor of wide-open
+competition.
+    The deregulation, sometimes nicknamed "Little Bang," will
+allow Canadian banks and other domestic financial institutions
+to set up securities units or acquire existing brokerages.
+    Foreign companies will also be able to form their own
+securities divisions in Ontario or buy up to 50 pct of a
+Canadian firm. A year from now they can raise that stake to 100
+pct. Foreign firms that entered Canada after 1971 can currently
+own no more than 10 pct of a Canadian brokerage.
+    Deregulation was expected to generate a major shakeout by
+June 30, involving mergers of existing firms and buyouts by
+foreign and domestic financial giants.
+    So far few deals have become reality, however, despite a
+swirl of rumors and merger talks. In the heat of deregulation
+fever, many Canadian investment dealers are demanding up to
+four times book value, scaring off prospective suitors,
+analysts said.
+    "I would think they (the brokerages) will have to lower
+their asking prices," said financial services analyst Jeff
+Carney at Merrill Lynch Canada Inc., which recently terminated
+talks to acquire prominent Canadian brokerage Burns Fry Ltd.
+    "I think (a high asking price) is what scared Merrill Lynch
+away from Burns Fry," added Carney. "It is just a lot of money.
+When your asset walks out the door every night, it is difficult
+to pay that amount of cash."
+    Carney said another factor in the slow pace of buyouts was
+uncertainty about the final deregulation rules, which were
+issued and approved only in mid-June.
+    Most major foreign and Canadian financial players have
+focused their deregulation strategy on planning their own
+Canadian securities units or buying seats on the Toronto Stock
+Exchange, Canada's largest equities market.
+    Japan's Nomura Securities Co. Ltd., Yamaichi Securities Co.
+Ltd., Daiwa Securities Co. Ltd. and Nikko Securities Co. Ltd.
+recently bought seats on Toronto's exchange, while United
+States investment banks such as Salomon Inc. and Goldman, Sachs
+and Co. have set plans for Canadian subsidiaries.
+    The few proposed foreign investments in Ontario firms
+include agreements by New York's Shearson Lehman Brothers Inc.
+to raise its stake in McLeod Young Weir Ltd. to 30 pct from 10
+pct and by the British firm of James Capel and Co. to acquire a
+minority interest in Brown, Baldwin, Nisker Ltd.
+    Several industry watchers predict the flood of foreign
+acquisitions is likely a year away, when the newcomers become
+familiar with Canada.
+    Canadian firms will need such international alliances to
+compete in the increasingly global securities market, industry
+officials said.
+    "That is one of the hopes of the regulators, that the change
+will throw off one or two Canadian global firms," Toronto Stock
+Exchange president Pearce Bunting told Reuters recently.
+    Canada's six major banks are also expected to proceed
+cautiously into the securities field.
+    Analysts said the brokers are too expensive now while the
+banks are coping with Brazilian loan problems. Banks will also
+find it tough to merge their cautious, bureaucratic culture
+with that of leaner, more free-wheeling securities dealers,
+they said.
+    While the banks have been approached by securities firms
+seeking merger partners, they have not yet bought into
+brokerages, choosing to build securities units from within.
+    Last week, Royal Bank of Canada, the country's biggest
+bank, ended merger talks with Canadian broker Wood Gundy Inc.
+after several months of negotiations.
+    But analyst Thompson forecast that if one bank finally
+acquires an existing firm, "all the other banks will jump in.
+    "They don't want to be perceived as missing out on
+something," said Prudential-Bache Securities Canada Ltd. analyst
+Albert Thompson, who believes that brokerages are too expensive
+a risk for banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8154" NEWID="19826">
+<DATE>29-JUN-1987 14:35:39.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2149&#31;reute
+d f BC-ROCHESTER-&lt;RTC>-ACQUI   06-29 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCHESTER &lt;RTC> ACQUIRES &lt;CANTON TELEPHONE CO></TITLE>
+<DATELINE>    ROCHESTER, N.Y., June 29 - </DATELINE><BODY>Rochester Telephone Corp said it
+completed the acquisition of Canton Telephone Co and is now
+operating the company.
+    Terms of the acquisition were not disclosed.
+    Canton Telephone serves about 2,900 access lines in
+northwestern Pennsylvania and had 1986 operating revenues of
+about 1,300,000 dlrs, Rochester Telephone said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8155" NEWID="19827">
+<DATE>29-JUN-1987 14:35:48.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2150&#31;reute
+w f BC-PRIME-COMPUTER-&lt;PRM>   06-29 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIME COMPUTER &lt;PRM> WINS CONTRACT</TITLE>
+<DATELINE>    NATICK, MASS., June 29 - </DATELINE><BODY>Prime Computer Inc said it
+received an order from the Philadelphia board of education for
+more than 8.0 mln dlrs of advanced computer equipment and
+software for automating its administrative and student
+accounting systems.
+    The systems, designed and manufactured by Prime, were
+introduced in April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8156" NEWID="19828">
+<DATE>29-JUN-1987 14:36:03.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2152&#31;reute
+h f BC-SAN-FRANCISCO,-NOT-RE   06-29 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAN FRANCISCO, NOT REGION, HURT BY RESTRUCTURING</TITLE>
+<DATELINE>    SAN FRANCISCO, June 25 - </DATELINE><BODY>Corporate mergers and acquisitions
+in and around San Francisco over the past seven years have had
+only a modest effect on the metropolitan area's economy, a
+leading business-backed organization said.
+    The Bay Area Council, a group of more than 300 business
+firms, said that a study of corporate restructuring in a
+nine-county area found that San Francisco itself had suffered
+some ill effects from corporate shake-ups but that surrounding
+communities had not.
+    Seventeen of the 32 Fortune 500 companies in the area left
+due to corporate restructuring between 1979 and 1986, but
+another 21 firms were added to the list.
+    Ten of the departing companies were based in San Francisco.
+During the period, only six located in the city achieved
+Fortune 500 status.
+    Ted Hall, a council director and local managing director of
+McKinsey and Co. which conducted the survey, said the study
+grew out of concern that mergers and acquisitions had seriously
+hurt the economic climate of northern California.
+    However, Hall said that only about 36,000 jobs had been
+lost in the region, while more than 600,000 new jobs were
+created during the period.
+    At the same time, he said, the region experienced a greater
+rise in per capita income and lower unemployment than the rest
+of the United States and California.
+    Council President George Keller, who also is chairman and
+chief executive officer of Chevron Corp., told a news
+conference that the region had difficulties in persuading
+companies to locate there because of a fragmented local
+political system.
+    But he said that because of the amenities of living in San
+Francisco, he was the envy of many chief executives in other
+metropolitan area.
+    "It's a great place to run a business," he added, "but it's
+a hell of a place to do business with government."
+    The study concluded that Chevron, which mergered with Gulf
+Oil in 1984, would benefit in the long run from the
+restructuring activity.
+    Among the corporate headquarters lost during the period
+were Crown Zellerbach, Memorex, Southern Pacific, Castle &amp;
+Cooke and Rolm.
+    Companies that grew enough during the period to make the
+Fortune 500 list included Apple Computer, Pacific Telesis,
+McKesson, Tandem Computer, U.S. Leasing and Amfac.
+    The study by the management consulting firm said that,
+partly due to corporate restructuring, the rate of job growth
+in San Francisco has slowed since 1980.
+    In addition, it said that the loss of corporate leadership
+had adversely affected some of the Bay Area's civic and
+charitable activities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8157" NEWID="19829">
+<DATE>29-JUN-1987 14:39:58.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2167&#31;reute
+u f BC-S/P-DOWNGRADES-AMERIC   06-29 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P DOWNGRADES AMERICAN HEALTHCARE &lt;AHI> NOTES</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded American Healthcare Management Inc's subordinated
+notes to D from B, affecting 80 mln dlrs of securities.
+    S and P said that this for-profit operator of 34 actue-care
+hospitals missed its semi-annual interest payment on the debt.
+    The rating agency said the failure to renegotiate terms on
+bank obligations was the key to this default. That is because
+payments on the notes are prohibited until default under terms
+of senior obligations is remedied.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8158" NEWID="19830">
+<DATE>29-JUN-1987 14:41:02.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2174&#31;reute
+u f BC-WTC-SHAREHOLDERS-APPR   06-29 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WTC SHAREHOLDERS APPROVE PITTSTON &lt;PCO> BUYOUT</TITLE>
+<DATELINE>    TORRANCE, Calif., June 29 - </DATELINE><BODY>Pittston Co said WTC
+International N.V. shareholders approved the acquisition of the
+company by Pittston.
+    Terms of the transaction call for Pittston to exchange
+0.523 of its own common shares for each outstanding WTC share,
+Pittston said.
+    WTC is engaged in domestic international air freight, ocean
+and surface freight forwarding and consolidation and
+distribution services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8159" NEWID="19831">
+<DATE>29-JUN-1987 14:41:36.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2176&#31;reute
+r f BC-HOME-FEDERAL-&lt;HFBF.O>   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME FEDERAL &lt;HFBF.O> SETS SHAREHOLDER MEETING</TITLE>
+<DATELINE>    ST. PETERSBURG, Fla., June 29 - </DATELINE><BODY>Home Federal Bank of
+Florida F.S.B. &lt;HFBF.O> said it has scheduled a special
+shareholders meetng for July 26 to approve proposed changes to
+the bank's charter and merge with Barnett Bank Inc's Barnett
+Bank of Pinellas County, N.A.
+    Home Federal said the meeting is to approve a definitive
+agreement signed May 26, calling for each share of Home
+Federal's common stock to be exchanged for about 40 dlrs in
+market value of Barnett common stock. The exchange would be
+based on conversion of Home Federal shares of not less than
+1.935 or more than 1.200 shares of Barnett stocks.
+    At 40 dlrs a share, Home Federal said the total market
+value of the transaction would be about 175 mln dlrs.
+    Home Federal said notice of the meeting and related proxy
+materials, which has been filed previously with the Securities
+and Exchange Commission and the Federal Home Loan Bank board,
+were mailed on June 26, to holders of record on June 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8160" NEWID="19832">
+<DATE>29-JUN-1987 14:43:53.21</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2181&#31;reute
+u f BC-CHEVRON-N.SEA-FIND-MA   06-29 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEVRON N.SEA FIND MAY HOLD 300 MLN BBLS -ANALYSTS</TITLE>
+<DATELINE>    LONDON, June 29 - </DATELINE><BODY>A North Sea oil find announced by Chevron
+Corp's &lt;CHV> Chevron Exploration North Sea Ltd may indicate a
+new field with recoverable crude oil reserves of 300 mln
+barrels, industry analysts said.
+    Chevron said a sidetrack well on block 16/26 on the U.K.
+Continental shelf tested 9,000 barrels per day (bpd) of 20 API
+crude oil from the tertiary "Alba" sand through a three-inch
+surface choke.
+    "The estimated amount of oil at the Alba field is around 320
+mln barrels," Paul Spedding of stockbroker Kleinwort Grieveson
+and Co told Reuters.
+    He said industry estimates put the total reserves at the
+field at over one billion barrels, but given the low gravity of
+oil, the recovery rate would be expected to be around 20-25
+pct.
+    Analysts said the results were encouraging, but the
+potential difficulty of operating and recovering oil in the
+field was shown by the fact that the first well had to be
+plugged and a sidetrack drilled.
+    "The field seems to be shallow and widespread, which will
+require a multi-platform development in recovery, pushing costs
+up," Christopher Osborne of stockbroker Hoare Govett said.
+    Most analysts said that although the low gravity of the oil
+found would require additional costs in recovery, the test well
+showed that it flows well.
+    "Although the gravity of oil at the field seems to be low,
+it seems to flow quite well and around 300 mln barrels could be
+recovered," Carol Bell of Phillips and Drew told Reuters.
+    However, Chevron officials declined to comment on the
+analysts' reserve estimates. They said that without further
+research and drilling in the area this summer, they would not
+disclose any reserve figures.
+    Analysts said that if the field were declared commercial
+and developed, there would be a ready local market for the
+heavy crude it produced.
+    "Most refineries are now upgraded to refine heavy oils and
+the price differentials between heavy and light crudes are a
+lot narrower today," Osborne said.
+    Chevron operates the block on behalf of 16 companies which
+include British Petroleum Development Ltd, DSM Hydrocarbons
+(UK) Ltd, Enterprise Oil (TNS) Ltd, Marathon Int. Pet. (GB) Ltd
+and Phillips Petroleum Co U.K. Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8161" NEWID="19833">
+<DATE>29-JUN-1987 14:47:40.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2189&#31;reute
+r f BC-ARDEN-GROUP-&lt;ARDNA.O>   06-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARDEN GROUP &lt;ARDNA.O> PLANS ISSUER TENDER</TITLE>
+<DATELINE>    LOS ANGELES, June 29 - </DATELINE><BODY>Arden Group Inc said it filed a
+registration statement with the Securities and Exchange
+Commission covering two issuer tender offers.
+    It said one offer its directed to its class A common stock
+holders and another to holders of its 8-1/4 pct debentures due
+March 1, 1989.
+    The planned offer for common stock holders calls for the
+company to exchange either 30 dlrs in cash, or 35 dlrs
+principal amount of 13 pct subordinated debentures due
+September 1, 1997, or one share of a new class B common stock,
+for each class A share held, Arden Group said.
+    It also said the cash payment is subject to proration.
+    In addition, the company said it plans to offer to exchange
+one dlr principal amount of 13 pct debentures due September 1,
+1997 for each outstanding one dlr principal amount of 8-1/4 pct
+debentures.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8162" NEWID="19834">
+<DATE>29-JUN-1987 14:47:58.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f2191&#31;reute
+d f BC-WORLD-BANK-APPROVES-L   06-29 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK APPROVES LOAN FOR BRAZIL RAILWAY</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The World Bank said it approved a 100
+mln dlr loan to help Brazil finance the rehabilitation of the
+railway in Sao Paulo state and establish an institutional
+reform program as a base for future commercial operation.
+    The 285 mln dlr project is designed to financially
+rehabilitate the railway -- the primarily state-owned Ferrovia
+Paulista, S.A. -- and improve transport on the lines leading to
+the city of Sao Paulo and the port of Santos.
+    The loan is for 14 years, including 3-1/2 years of grace,
+and carries a variable interest rate, currently 7.92 pct,
+linked to the bank's cost of borrowing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8163" NEWID="19835">
+<DATE>29-JUN-1987 14:48:41.88</DATE>
+<TOPICS><D>grain</D><D>rice</D><D>cotton</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2195&#31;reute
+r f BC-PAKISTAN-ALLOWS-FREE   06-29 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN ALLOWS PRIVATE COTTON, RICE EXPORTS</TITLE>
+<DATELINE>    ISLAMABAD, June 29 - </DATELINE><BODY>The Pakistani government allowed the
+private sector to export cotton and rice in a new trade policy
+announced to cover the next three years.
+    Commerce and Planning Minister Mahbubul Haq said in a
+televised speech it was also decided to allow duty-free import
+of cotton yarn.
+    Cotton and rice are Pakistan's main exports, which have
+been handled exclusively by state corporations since early
+1970s. Haq said now the private sector would export cotton and
+rice along with the state corporations.
+    He said duty-free import of cotton yarn was allowed to make
+high quality yarn available to local ancillary industries and
+to enable them to compete effectively in the world market. This
+would help overcome domestic shortages of yarn, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8164" NEWID="19836">
+<DATE>29-JUN-1987 14:49:30.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2198&#31;reute
+r f BC-ARIZONA-NUCLEAR-PLANT   06-29 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARIZONA NUCLEAR PLANT SHUTDOWN DUE TO WATER LEAK</TITLE>
+<DATELINE>    WINTERSBURG, Ariz., June 29 - </DATELINE><BODY>The Palo Verde Unit 1 nuclear
+power plant was removed from service Sunday due to a leaking
+pipe in its circulating water system, according to the plant's
+operator, the Arizona Nuclear Power Project.
+    It said the pipe, on the non-nuclear, steam-generating side
+of the plant, delivers water to the plant's condenser. This
+water is used to condense steam to drive the turbine generator,
+the Power Project said.
+    The cause of the leak is being investigated and no time
+estimate was given for when the unit will return to service, it
+said, adding Unit 2 is operating at full power.
+    The Arizona Nuclear Power Project is a consortium of
+southwest U.S. utilities including AZP Group's &lt;AZP> Arizona
+Public Service, El Paso Electric &lt;ELPA>, Public Service of New
+Mexico &lt;PNM> and Southern California Edison &lt;SCE>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8165" NEWID="19837">
+<DATE>29-JUN-1987 14:53:03.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2209&#31;reute
+u f BC-LOMAS-&lt;LNK>-SHAREHOLD   06-29 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOMAS &lt;LNK> SHAREHOLDERS APPROVE ACQUISITION</TITLE>
+<DATELINE>    DALLAS, June 29 - </DATELINE><BODY>Lomas and Nettleton Financial Corp said
+its shareholders approved at a special meeting the company's
+acquisition of Equitable Life Leasing Corp for 263.3 mln dlrs.
+    Equitable Life Leasing Corp is a subsidiary of Equitable
+Investment Corp, which is owned by the Equitable Life Assurance
+Co of U.S.
+    Lomas said the acquistion price will consist of one mln in
+cash, 1.5 mln shares of the company's common stock, 71,000
+shares of a new series C preferred stock, and 8.944 mln dlrs
+principal amount of nine pct senior notes due 1994.
+    The company added that the acquisition will close June 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8166" NEWID="19838">
+<DATE>29-JUN-1987 14:54:15.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2212&#31;reute
+d f BC-BISCAYNE-HOLDINGS-&lt;BI   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BISCAYNE HOLDINGS &lt;BISHA.O> REVERSE SPLIT OK'D</TITLE>
+<DATELINE>    MIAMI, June 29 - </DATELINE><BODY>Biscayne Holdings Inc said its
+stockholders approved a one-for-three reverse stock split as a
+portion of the amendments approved to its certificate of
+incorporation.
+    The company said holders reduced the number of authorized
+class A common shares to 50 mln from 100 mln and reclassified
+each outstanding three shares into one share. About 6,036,800
+shares will be outstanding after the split.
+    Biscayne Holdings said shareholders also approved annual
+election of directors, eliminating provisions related to the
+classified board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8167" NEWID="19839">
+<DATE>29-JUN-1987 14:55:12.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2214&#31;reute
+d f BC-ALMI-GROUP-ACQUIRES-I   06-29 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALMI GROUP ACQUIRES INTEREST IN CLEARVIEW BAKING</TITLE>
+<DATELINE>    NEW YORK, June 29 -  </DATELINE><BODY>&lt;ALMI Group L.P.> said its
+co-chairmen, Michael Landes and Albert Schwartz, and its vice
+chairman, Michael Spiegler, have acquired a 50 pct equity
+interest in &lt;Clearview Baking Corp> for undisclosed terms.
+    A. Dale Mayo, Clearview's president and chief executive
+officer, will retain a 50 pct interest in the company, ALMI
+Group said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8168" NEWID="19840">
+<DATE>29-JUN-1987 14:55:48.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2216&#31;reute
+h f BC-SYMBOLICS-INC-&lt;SMBX>   06-29 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYMBOLICS INC &lt;SMBX> WINS SPACE CONTRACT</TITLE>
+<DATELINE>   CAMBRIDGE, Mass., June 29 - </DATELINE><BODY>Symbolics Inc said it won a
+500,000 dlr contract from NASA Ames Research Center for the
+preliminary design of a spaceborne symbolic processor.
+    The company said its symbolic processing technology is used
+to faciliate artificial intelligence applications and other
+advanced computing techniques.
+    It said its processor will be used to execute both symbolic
+and numeric applications on future space shuttle, space
+stations and deep space missions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8169" NEWID="19841">
+<DATE>29-JUN-1987 14:57:41.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2217&#31;reute
+u f BC-NATIONAL-CITY-CORP-&lt;N   06-29 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL CITY CORP &lt;NCTY.O> SEES LOWER 2ND QTR</TITLE>
+<DATELINE>    CLEVELAND, June 29 - </DATELINE><BODY>National City Corp projected income of
+eight mln dlrs for the second quarter ending June 30 due to a
+55 mln dlr charge for loan loss provisions.
+    This compares with earnings in the second quarter of last
+year of 36.3 mln dlrs.
+    National City said it expects per share income in the
+second quarter to be 20 cts.
+    The company said it expects full year earnings to be
+comparable with last year's record 135 mln dlrs.
+    The bank said its 55 mln dlr special loan loss provision is
+related to loan exposure in less developed countries in its
+international portfolio.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8170" NEWID="19842">
+<DATE>29-JUN-1987 14:58:28.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2220&#31;reute
+h f BC-ARCTURUS-INC-&lt;ARTU>-L   06-29 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARCTURUS INC &lt;ARTU> LAUNCHES NEW MEGABEAM</TITLE>
+<DATELINE>     ACTON, Mass., June 29 - </DATELINE><BODY>Arcturus Inc said it introduced it
+MegaBeam product, a three-tube high resolution data display
+projector.
+    The company said the large screen projector is more than
+twice as bright as competing models.
+    It said the projector would be used to show the image of a
+14-inch computer terminal to large groupd on a six-foot wall
+screen.
+    It said the MegaBeam is priced at 11,995 dlrs per unit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8171" NEWID="19843">
+<DATE>29-JUN-1987 14:58:49.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2223&#31;reute
+s f BC-UNOCAL-CORP-&lt;UCL>-QTL   06-29 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOCAL CORP &lt;UCL> QTLY DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELS, June 29 -
+    </DATELINE><BODY>Shr 25 cts vs 25 cts prior qtr
+    Pay August 10
+    Record July 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8172" NEWID="19844">
+<DATE>29-JUN-1987 15:03:53.90</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM 
+&#22;&#22;&#1;f2236&#31;reute
+u f BC-ECUADOR-TO-PRODUCE-AB   06-29 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR TO PRODUCE ABOVE OPEC QUOTA - MINISTER</TITLE>
+<DATELINE>    QUITO, June 29 - </DATELINE><BODY>Ecuador will produce crude oil in excess
+of its 221,000-bpd OPEC quota during the second half of this
+year, Energy Minister Fernando Santos Alvite told a news
+conference.
+    Ecuador plans to produce 280,000 bpd in August, rising to
+320,000 bpd next January, the minister said.
+    "We will be producing more than the quota to pay off the
+crude and products we have been lent by Venezuela, Nigeria and
+Kuwait and to compensate for the crude we have been unable to
+produce during the past few months," he said.
+    Earthquake damage to a pipeline sharply cut Ecuadorean
+production from March to May this year.
+    Santos said the move had been explained to fellow OPEC
+members during last week's meeting in Vienna, when an increase
+in Ecuador's quota to 221,000 bpd from 210,000 was approved.
+    "They understood our position and we believe we remain
+within the spirit of the (quota) agreement," he said.
+    Immediately before the March quake Ecuadorean production
+was 250,000-260,000 bpd, with 144,000 bpd exported.
+    While its production was down, Venezuela, Nigeria and
+Kuwait loaned Ecuador a total 12 mln barrels of crude and four
+mln barrels of products, Santos said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8173" NEWID="19845">
+<DATE>29-JUN-1987 15:06:50.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>niger</D><D>zaire</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2247&#31;reute
+u f BC-WORLD-BANK-EXTENDS-24   06-29 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD BANK EXTENDS 241 MLN DLRS IN AFRICAN LOANS</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The World Bank said it has extended
+loans totalling 241 mln dlrs to Niger and Zaire to help support
+economic reforms through structural adjustment programs.
+    The loans have been made through the International
+Development Association (IDA), the bank's concessionary lending
+arm, and the African Facility, a three-year IDA-administered
+fund that supports economic policy reforms in sub-Saharan
+Africa, the bank said.
+    Zaire's structural adjustment program, supported by a 67
+mln dlr IDA loan and a 94 mln dlr African Facility loan, hopes
+to lay the basis for sustained economic growth, the bank said.
+    Included in the program's goals are strengthening private
+sector incentives, aiding macroeconomic management, and
+unspecified changes in transportion and agricultural policies,
+the bank said.
+    Niger's structural adjustment program, supported by a 60
+mln dlr IDA loan and a 20 mln dlr African Facility loan, hopes
+to aid public spending controls, support pricing reforms, and
+encourage private sector competition, the bank said.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8174" NEWID="19846">
+<DATE>29-JUN-1987 15:07:39.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2253&#31;reute
+r f BC-INTELOGIC-TRACE-&lt;IT>   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELOGIC TRACE &lt;IT> DEBT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed about 100 mln dlrs of B-minus subordinated debt of
+Intelogic Trace Inc.
+    S and P cited the end of an attempted takeover of
+Burlington Industries Inc by an Asher Edelman-led group in
+which Intelogic was used as a financing vehicle. About 78 pct
+of Burlington's common shares were tendered to Morgan Stanley
+Group Inc, it added.
+    S and P said Intelogic's problems expanding its computer
+maintenence activities have led to drops in revenues, but
+financial resources should remain supportive.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8175" NEWID="19847">
+<DATE>29-JUN-1987 15:08:16.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2255&#31;reute
+u f BC-ALLIS-CHALMERS-&lt;AH>-D   06-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIS-CHALMERS &lt;AH> DEBT, PAPER CUT BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Moody's Investors Service said it
+downgraded 95 mln dlrs of outstanding Allis-Chalmers Corp
+issues. It lowered the sinking fund debentures to Ca from B-3
+and the Series C preferred stock to Ca from Caa.
+    Moody's cited as justification the company's filing for
+court protection under Chapter 11 of the Federal Bankruptcy
+Code. Also, the agency noted the company's inability to
+restructure its debt obligations.
+    Allis-Chalmers Corp is a manufacturer of air quality
+control, fluids handling and solid materials processing
+equipment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8176" NEWID="19848">
+<DATE>29-JUN-1987 15:10:19.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f2260&#31;reute
+r f BC-U.S.-LEADS-JAPAN-IN-F   06-29 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LEADS JAPAN IN FINANCIAL FUTURES BUSINESS</TITLE>
+<AUTHOR>    By Hisanobu Ohse, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>U.S. firms are expected to enjoy the
+advantage of superior experience over their Japanese
+competitors in the new, promising business of bringing asset
+rich Japanese investors to the U.S. financial futures markets.
+    Japan allowed local financial institutions last month to
+start using overseas futures in currencies, bonds and stocks to
+help them manage their bulging foreign portfolios.
+    "U.S. investment banks are going to take advantage. We've
+been in the business for two decades, the Japanese have not,"
+said Eugene Atkinson, president of Goldman, Sachs Japan Corp.
+   
+    Japanese investors were assumed to be eager to get into the
+new markets, but in fact participation so far has been slow,
+Japanese securities and bank sources in New York said.
+    Koichi Kane, Executive Vice President of Nomura Securities
+International, said, "They're still in a starting up period."
+    "They're testing the water," Atkinson added. But once they
+start, the Japanese are likely to become very big players,
+opening up lucrative business opportunities, he said.
+    U.S. investment banking sources said the slow start is
+understandable because U.S. institutional investors, too, are
+fairly new to the market.
+   
+    Futures markets have a long history in the U.S., but
+because of the high risks involved American pension funds and
+mutual funds were not allowed to use the markets until
+relatively recently, a U.S. investment bank futures analyst
+said.
+    In addition to Japan's inexperience in financial futures,
+an insufficient number of brokers in Japan is also to be blamed
+for the slow start, the Japanese sources said.
+   
+    Japan is liberalizing its financial markets, but domestic
+financial institutions are still not allowed to act as brokers
+in Japan for overseas futures markets.
+    This may change next year, when bankers speculate that
+securities houses will be permitted to enter this line of
+business.
+    While the Japanese are out of the business, the Americans
+have moved in, with First Boston Corp, Salomon Brothers Inc,
+Goldman, Sachs and Co, Drexel Burnham Lambert Inc and
+PainWebber Inc leading the charge, they said.
+   
+    In the U.S., Nikko Securities Co International Inc is
+preparing to become a clearing member of the Chicago Boad of
+Trade (CBT)in anticipation of growing Japanese demand for
+futures products, Akira Tokutomi of Nikko said.
+    Nomura, Japan's largest securities house, has not yet
+decided whether to expand its futures brokerage business in the
+U.S. to establish closer links between Japanese investors and
+the U.S. futures markets, Kane said.
+    The evening session of CBT, inaugurated recently to
+coincide with early Tokyo business hours, has increased
+Japanese participation to some extent, but the brokerage issue
+is still a hurdle, the Japanese sources said.
+   
+    High liquidity is the biggest attraction of the futures
+market, so the Japanese naturally want to join the daytime
+trading session in Chicago if possible, they said.
+    The Japanese are in the process of selecting brokers and
+establishing channels to pay fees and margins, but harmonizing
+clerical procedures and bridging the time gap between Tokyo and
+Chicago are proving to be a burden, the sources said.
+    Some Japanese banks, which are largely barred from the
+securities industry in Japan, have contemplated buying into the
+U.S. brokerage business, the Japanese sources said.
+    
+    One of the motives for doing so is to save on commissions,
+which was also a spur for U.S. commercial banks to get into the
+brokerage business, they said.
+    "The simplest way may be to take over a brokerage house or
+to go into a business tie-up," said Hiroyuki Kondo of Yasuda
+Trust and Banking Co Ltd in New York.
+    One trust bank source said total fees could amount to
+around one mln dlrs a year if his bank used the futures markets
+fully to hedge its huge pension fund and other assets.
+    Japanese banks have been able to penetrate aggressively
+many foreign financial markets by mobilizing their mammoth
+capital assets, but the futures brokerage business to be a
+different story, Japanese banking sources said.
+    They cited stiff fee-cutting competition in addition to
+difficulties recruiting influential Chicago brokers.
+    In anticipation of sizeable orders in the future, some U.S.
+brokers are now taking orders from the Japanese at around 13
+dlrs per contract, below the break-even level, they said.
+    Some Chicago brokers and brokerage houses are trying to
+approach Japanese financial institutions about possible
+tie-ups, a futures indusry source in Chicago said.
+    But Japanese bank sources in New York said the small
+capital base of many of these brokerages is making the Japanese
+nervous about a capital link.
+    Japanese banks are unlikely to ignore the brokerage
+business once financial futures trading by the Japanese starts
+growing fast and proves to be profitable, they said.
+    But the big question, they added, is whether the Japanese
+government would let banks engage in this new risky business.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8177" NEWID="19849">
+<DATE>29-JUN-1987 15:12:08.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2268&#31;reute
+u f BC-ALLIS-CHALMERS-&lt;AH>-L   06-29 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIS-CHALMERS &lt;AH> LISTS MAIN CREDITORS</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Court documents filed with the U.S.
+bankruptcy court by attorneys for Allis-Chalmers Corp &lt;AH>
+listed Equitable Life Assurance Co as one of the largest
+creditors.
+    According to the court papers, Equitable was owed a total
+of 468,859 dlrs. Other creditors included Connecticut General
+Life Insurance Co, owed 192,520 dlrs, and New York Life
+Insurance Co, owed 146,553 dlrs.
+    The list of unsecured creditors was headed by KHIC America
+Corp, of Rutheford, New Jersey, which was owed 663,950 dlrs.
+   
+    Second on the list of unsecured creditors was a group of
+paving contractors owed 600,000 dlrs.
+    Manville Corp &lt;MAN> was third with 471,157 dlrs owed.
+    Allis-Chalmers said that on Dec 31 the unfunded pension
+liabilities totaled 44 mln dlrs.
+    It said that it intended to carry out a reorganization by
+disposing of businesses that do not contribute adequately to
+cash flow. The company said it plans to eliminate unprofitable
+product lines and emphasize more profitable product lines.
+    Allis-Chalmers said it intended to obtain workforce
+reductions and seek monetary and other concessions from
+salaried and hourly employees.
+    It said it will eliminate operations of facilities that are
+marginal performers. The company said it plans to discontinue
+burdensome contracts and leases as well as collective
+bargaining agreements.
+    The company said it believes creditors will realize more
+from a reorganization than from a liquidation.
+    The documents said Allis-Chalmers has suffered substantial
+losses since 1981 due to sales declines caused by fierce
+competition and a sluggish global economy.
+    It said a restructuring plan, which it has already 
+instituted, adversely affected cash flow because certain costs
+including product liability and retiree medical and pension
+costs continued as before despite a reduction in the size of
+its business.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8178" NEWID="19850">
+<DATE>29-JUN-1987 15:12:15.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2269&#31;reute
+u f BC-LAIDLAW-TRANSPORTATIO   06-29 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAIDLAW TRANSPORTATION LTD (LDMF.O) THIRD QTR</TITLE>
+<DATELINE>    TORONTO, June 29 - 
+    </DATELINE><BODY>Shr 20 cts vs 12 cts
+    Net 34,088,000 vs 18,727,000
+    Revs 340.4 mln vs 200.3 mln
+    Nine mths
+    Shr 53 cts vs 31 cts
+    Net 88,661,000 vs 49,059,000
+    Revs 926.5 mln vs 560.1 mln
+    Avg shrs 151.1 mln vs 137.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8179" NEWID="19851">
+<DATE>29-JUN-1987 15:12:23.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2270&#31;reute
+u f BC-GATEWAY-&lt;GWAY.O>-SEES   06-29 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATEWAY &lt;GWAY.O> SEES LOWER 2ND QTR RESULTS</TITLE>
+<DATELINE>    IRVINE, Calif., June 29 - </DATELINE><BODY>Gateway Communications Inc said
+it expects its second quarter earnings to be lower than last
+year's income of seven cts per share, but its revenue for the
+period should increase by 20 pct over the 2.7 mln dlrs reported
+a year ago.
+    The decline in second quarter earnings is attributable to
+higher operating costs resulting from increased sales,
+development and expansion, Gateway said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8180" NEWID="19852">
+<DATE>29-JUN-1987 15:12:38.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2271&#31;reute
+r f BC-EPA-TO-REJECT-CLEAN-A   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EPA TO REJECT CLEAN-AIR PLANS FOR 14 AREAS</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The Environmental Protection Agency
+(EPA) announced plans to disapprove clean-air plans for 14
+metropolitan areas and called for bans in those areas on new
+construction of potentially polluting facilties.
+    EPA Administrator Lee Thomas said in a statement the areas
+had not shown they could meet agency ozone or carbon-monoxide
+air-quality standards by the end of 1987 or soon after.
+    He said the proposed ban on construction would cover such
+industries as electric utilities, iron and steel production
+plants, industrial boilers and petroleum refineries.
+    The areas affected are Chicago; the Indiana portion of the
+Chicago area; East St. Louis, Ill.; the Indiana portion of the
+Louisville, Ky., area; Cleveland, Ohio; Atlanta, Ga.;
+Dallas-Ft. Worth, Tex.; Denver, Colo.; the California south
+coast, including Los Angeles; Fresno, Sacramenta, Ventura and
+Kern counties, Calif., and Washoe County (Reno), Nev.
+    Thomas also proposed major changes to existing sources of
+pollution in those areas.  They would effective after a final
+assessment of the area's pollution, expected late this year or
+early next.
+    For Cleveland, the EPA also proposed a restriction on
+federal highway funding and clean-air grants because the state
+of Ohio did not provide for adequate testing to curb car
+pollutions as required by the Clean AirAct.
+    Thomas said:
+    "It is clear that the state implementation plans for these
+areas will not achieve federal ozone or carbon-monoxide
+standards under the deadline mandated by Congress. In these
+circumstances the Clean Air Act leaves no discretion.  I must
+propose sanctions."
+    The EPA estimated that another 20 metropolitan areas will
+fail to meet the agency's ozone standards by the end of the
+year. About 70 are meeting the ozone standards.
+    It added that about 80 areas are now not meeting the EPA
+carbon-monoxide standards, but only a few will have long-term
+problems in meeting the standards.
+    The EPA has proposed that car-makers be ordered to install
+canisters on new cars beginning in 1979 to capture polluting
+gasoline vapors which escape when gas is pumped from filling
+stations to a car's gas tank.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8181" NEWID="19853">
+<DATE>29-JUN-1987 15:19:29.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f2291&#31;reute
+f f BC-MOODY'S-UPGRADE   06-29 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S UPGRADES ONE BILLION DLRS OF SCOTT PAPER DEBT TO
+A3 FROM BAA1
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8182" NEWID="19854">
+<DATE>29-JUN-1987 15:24:13.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2304&#31;reute
+r f BC-MORRISON-INC-&lt;MORR.O>   06-29 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON INC &lt;MORR.O> 4TH QTR MAY 30 NET</TITLE>
+<DATELINE>    MOBILE, Ala., June 29 -
+    </DATELINE><BODY>Oper shr 38 cts vs 32 cts
+    Qtly div 12 cts vs 12 cts
+    Oper net 5,430,000 vs 4,707,000
+    Revs 169.1 mln vs 139.4 mln
+    Year
+    Oper shr 1.50 dlrs vs 1.32 dlrs
+    Oper net 21.5 mln vs 19.1 mln
+    Revs 602.5 mln vs 524.4 mln
+    NOTE: 1986 operating net in both periods excludes loss 8.2
+mln dlrs, or 56 cts a share, from discontinued operations
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8183" NEWID="19855">
+<DATE>29-JUN-1987 15:24:45.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2305&#31;reute
+r f BC-GEOTHERMAL-RESOURCES   06-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEOTHERMAL RESOURCES &lt;GEO> COMPLETES TWO WELLS</TITLE>
+<DATELINE>    SAN MATEO, Calif., June 29 - </DATELINE><BODY>Geothermal Resources
+International Inc said it has completed two additional
+geothermal wells in its steam fields in The Geysers area of
+northern California.
+    The field is being developed to supply steam to the
+130-megawatt Coldwater Creek Geothermal Power Plant, scheduled
+to go into commercial operation in late 1987 or early 1988, the
+company said, adding it has completed 15 geothermal wells in
+the field since 1981.
+    The Coldwater Creek power plant is being built by a
+consortium of local utilities, Geothermal said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8184" NEWID="19856">
+<DATE>29-JUN-1987 15:27:52.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2310&#31;reute
+d f BC-WAL-MART-&lt;WMT>-COMPLE   06-29 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WAL-MART &lt;WMT> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    BENTONVILLE, Ark, June 29 - </DATELINE><BODY>Wal-Mart Stores Inc said it has
+completed the acquisition of &lt;Super Saver Warehouse Inc> and
+Super Saver is now a wholly owned unit of Wal-Mart.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8185" NEWID="19857">
+<DATE>29-JUN-1987 15:28:20.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>bahamas</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2311&#31;reute
+d f BC-PIEDMONT-&lt;PIE>-ACCEPT   06-29 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIEDMONT &lt;PIE> ACCEPTS RESERVATIONS FOR BAHAMAS</TITLE>
+<DATELINE>    WINSTON-SALEM, N.C., June 29 - </DATELINE><BODY>Piedmont Aviation Inc said
+it is accepting reservations for nonstop service to Nassau,
+Bahamas from Charlotte, N.C. beginning November 15.
+    The new service will connect more than 30 cities on the
+Piedmont system to Nassau, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8186" NEWID="19858">
+<DATE>29-JUN-1987 15:29:38.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2316&#31;reute
+r f BC-MICRO-GENERAL-CORP-&lt;M   06-29 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICRO GENERAL CORP &lt;MGEN.O> COMPLETES OFFER</TITLE>
+<DATELINE>    IRVINE, Calif, June 29 - </DATELINE><BODY>Micro General Corp said it has
+completed a 1.5-mln-dlr equity offering of 1.2 mln units, each
+consisting of two shares of common stock and one common stock
+purchase warrant.
+    The offering was underwritten by Paulson Investment Co Inc.
+    Net proceeds of about 1.3 mln dlrs will be used to expand
+the company's parcel shipping systems and postal scales
+manufacturing and marketing, for new product development and/or
+for acquisition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8187" NEWID="19859">
+<DATE>29-JUN-1987 15:32:16.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2326&#31;reute
+r f BC-OWENS-CORNING-&lt;OCF>-A   06-29 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OWENS-CORNING &lt;OCF> AGREES WITH TAIWAN GLASS</TITLE>
+<DATELINE>    TOLEDO, Ohio, June 29 - </DATELINE><BODY>Owens-Corning Fiberglass Corp said
+it agreed with Taiwan Glass Industries Corp on the manufacture
+and distribution of its fiberglass reinforcements products
+under license.
+    The company said the two firms will construct a new
+manufacturing plant for these products outside Taipei but it
+disclosed no terms of the deal.
+    It said the agreement will enhance its ability to serve the
+growing Asian market for fiberglass reinforcements and yarns.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8188" NEWID="19860">
+<DATE>29-JUN-1987 15:32:31.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2327&#31;reute
+r f BC-KRAFT-&lt;KRA>-COMPLETES   06-29 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRAFT &lt;KRA> COMPLETES FROSTEX ACQUISITION</TITLE>
+<DATELINE>    GLENVIEW, Ill., June 29 - </DATELINE><BODY>Kraft Inc said it completed the
+acquisition of Frostex Foods Inc for undisclosed terms.
+    Kraft said last month it had signed a letter of intent to
+acquire the Austin, Texas-based foodservice distributor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8189" NEWID="19861">
+<DATE>29-JUN-1987 15:32:48.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2329&#31;reute
+r f BC-APOLLO-&lt;APCI.O>-LICEN   06-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APOLLO &lt;APCI.O> LICENSES PHOENIX SOFTWARE</TITLE>
+<DATELINE>    NORWOOD, Mass, June 29 - </DATELINE><BODY>&lt;Phoenix Technologies Ltd> said it
+has signed a marketing agreement with Apollo Computer Inc.
+    Phoenix said that the agreement allows Apollo to market
+Phoenix's software under the name "Domain/PC Emulator."
+    The company said that the software will be available on
+Apollo's new Domain Series 4000 personal workstations and
+Apollo's current generation of machines by the end of this
+year's third quarter.
+    Phoenix said the software allows system manufacturers to
+offer their customers an MS-DOS based 100 pct PC-compatible
+operating mode, done solely through software emulation.
+    Apollo will license the software from Phoenix and sell it
+directly to its customers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8190" NEWID="19862">
+<DATE>29-JUN-1987 15:33:48.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2333&#31;reute
+d f BC-PRECISION-TARGET-MARK   06-29 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRECISION TARGET MARKETING &lt;PTMI.O> 4TH QTR NET</TITLE>
+<DATELINE>    LAKE SUCCESS, N.Y., June 29 - </DATELINE><BODY>Qtr ended April 30
+    Shr profit one ct vs loss three cts
+    Net profit 146,000 vs loss 203,000
+    Revs 2,001,000 vs 1,493,000
+    Year
+    Shr profit four cts vs loss 13 cts
+    Net profit 445,000 vs loss 827,000
+    Revs 7,135,000 vs 5,237,000
+    NOTE: Full name is Precision Target Marketing Inc. Latest
+year and quarter includes extraordinary gains of 214,000 dlrs,
+or three cts a share, and 85,000 dlrs, or one ct a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8191" NEWID="19863">
+<DATE>29-JUN-1987 15:35:48.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2339&#31;reute
+u f BC-MOODY'S-UPGRADES-SCOT   06-29 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S UPGRADES SCOTT PAPER &lt;SPP> DEBT TO A-3</TITLE>
+<DATELINE>    NEW YORK, JUNE 29 - </DATELINE><BODY>Moody's Investors Service Inc said it
+upgraded Scott Paper Co's long-term debt rating to A-3 from
+Baa-1. The company's Prime-2 commercial paper rating remains
+unchanged.
+    Approximately one billion dlrs of long-term debt is
+affected.
+    Moody's said the upgrade reflects Scott's continuing
+improvement in operating results, as well as Moody's
+expectation of substantial funds flowing to the company from an
+asset sale.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8192" NEWID="19864">
+<DATE>29-JUN-1987 15:36:09.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2340&#31;reute
+d f BC-RTE-CORP-&lt;RTE>-BUYS-E   06-29 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RTE CORP &lt;RTE> BUYS EMHART CORP UNIT</TITLE>
+<DATELINE>     BROOKFIELD, Wis., June 29 - </DATELINE><BODY>RTE Corp said it completed the
+purchase of Emhart Corp's United States aluminum electrolytic
+capacitor business for an undisclosed sum.
+    The company said the capacitor business is part of Emhart's
+electrical and electronic group marketed under the Mallory
+brand name.
+    The company said the product lines it acquired had sales of
+25 mln dlrs last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8193" NEWID="19865">
+<DATE>29-JUN-1987 15:36:26.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2342&#31;reute
+d f BC-SEVEN-OAKS-INTERNATIO   06-29 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEVEN OAKS INTERNATIONAL INC &lt;QPON.O> YEAR NET</TITLE>
+<DATELINE>    MEMPHIS, Tenn., June 29 - </DATELINE><BODY>Periods ended April 30
+    Shr 83 cts vs 94 cts
+    net 5,583,000 vs 8,403,000
+    Revs 28.8 mln vs 29.4 mln
+    Avg shrs 6,754,000 vs 6,802,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8194" NEWID="19866">
+<DATE>29-JUN-1987 15:37:22.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2344&#31;reute
+d f BC-UNITED-MEDICAL-CORP-&lt;   06-29 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED MEDICAL CORP &lt;UM> SELLS UNIT</TITLE>
+<DATELINE>    HADDONFIELD, N.J., June 29 - </DATELINE><BODY>United Medical Corp said it
+will sell its Trotter Treadmills Inc unit.
+    The company said the sale is in line with its strategy of
+refocusing on its health care service business. It said it had
+received interest from several parties, but no agreement has
+yet been reached.
+    Trotter Treadmills makes motorized treadmills for the
+exercise enthusiast and fitness club market. It said its sales
+for this year are projected to be over 10 mln dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8195" NEWID="19867">
+<DATE>29-JUN-1987 15:40:09.08</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>belgium</D><D>france</D><D>west-germany</D></PLACES>
+<PEOPLE><D>kohl</D><D>chirac</D><D>mitterrand</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f2347&#31;reute
+u f BC-FRANCO-GERMAN-MEETING   06-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCO-GERMAN PARLEY FAILS TO UNBLOCK FARM TALKS</TITLE>
+<DATELINE>    BRUSSELS, June 29 - </DATELINE><BODY>A specially convened Franco-German
+meeting in the sidelines of a summit of EC leaders failed to
+make any progress over a 1987-88 farm price package that has
+deeply split the two former EC allies, diplomats said
+    The meeting was attended by farm ministers and foreign
+ministers from both countries and by French President Francois
+Mitterand, his Prime Minister Jacques Chirac, and by Chancellor
+Helmut Kohl of West Germany.
+    The stalemate over farm prices is seen as a key to
+providing a solution to a long-term settlement of the
+Community's worst-ever budget crisis.
+    "The Germans clearly do not want to budge," an aide to Chirac
+told reporters. He added the French Prime Minister was visibly
+angered as he the hour-long meeting.
+    Bonn and Paris are diametrically opposed to a proposal for
+the Brussels Executive Commission to overhaul radically the
+EC's complex "green" currrency system, designed to translate
+common EC farm prices into national currencies.
+    Paris also supports a move for an oils and fats tax which
+West Germany is against, along with Britain, Denmark and the
+Netherlands.
+    EC farm minsters are due to resume negotiations on the
+package, which should have been agreed by an April 1 deadline
+tomorrow.
+    Diplomats said it had been hoped that the summit could have
+injected fresh impetus into those talks.
+    The Commission proposed its package to save one billion
+dollars on the EC's ever-rising farm budget.
+    The summit has been dominated by lengthy talks on moves to
+alter the entire system of financing the 12-nation group, and
+plugging a 5.7 billion dollar budget shortfall for 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8196" NEWID="19868">
+<DATE>29-JUN-1987 15:43:13.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2353&#31;reute
+w f BC-TOLL-BROTHERS-&lt;TOL>-O   06-29 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOLL BROTHERS &lt;TOL> OPENS NEW OFFICE</TITLE>
+<DATELINE>    HORSHAM, Pa., June 29 - </DATELINE><BODY>Toll Brothers Inc said it has
+opened a Washington, D.C.-Baltimore Metro divisional office in
+Greenbelt, Md.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8197" NEWID="19869">
+<DATE>29-JUN-1987 15:43:58.16</DATE>
+<TOPICS><D>money-fx</D><D>crude</D></TOPICS>
+<PLACES><D>bolivia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A Y 
+&#22;&#22;&#1;f2355&#31;reute
+u f BC-venezuela-lowers-exch   06-29 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA LOWERS EXCHANGE RATE FOR OIL EARNINGS</TITLE>
+<DATELINE>    CARACAS, June 29 - </DATELINE><BODY>Venezuela's cabinet approved a new
+exchange rate for oil and mining export earnings, setting it at
+14.50 bolivars to the dollar from 7.50 bolivars previously,
+Minister Manuel Azpur UA said.
+    Azpur told reporters after a cabinet meeting that the
+measure is "fundamental to conserving the economic and financial
+strength of the petroleum industry."
+     He said the new exchange rate, which goes before the
+central bank for final approval tommorrow, will allow the state
+oil company Petroleos De Venezuela, S.A.(PDVSA) to solve its
+problem of working capital and implement investment plans,
+estimated at 20 billion bolivars for 1987. He did not say when
+the measure would become effective.
+   Venezuela's oil industry previously sold its dollar earnings
+to the government at 7.50 to the dollar but bought foreign
+exchange from its imports at 14.50 bolivars.
+   The new exchange rate will promote purchases of domestic
+goods and services by the industry, Azpur said. He added that
+it would also put PDVSA in a position to purchase more
+government debt bonds.                        
+    PDVSA had available liquid assets of 20 billion bolivars at
+the start of this year, of which nine billion were in a trust
+fund in the Central Bank of Venezuela (BCV) and placed in
+government bonds.
+  According to a contract between PDVSA and the central bank,
+the BCV must provide cash as the oil industry requries by
+repurchasing the bonds.
+    PDVSA's contribution to the treasury last year was 44.480
+billion bolivars. It foreign earnings for oil and petrochemcial
+sales were 8.023 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8198" NEWID="19870">
+<DATE>29-JUN-1987 15:44:11.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2357&#31;reute
+d f BC-CYCARE-SYSTEMS-INC-&lt;C   06-29 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYCARE SYSTEMS INC &lt;CYCR> BUYS MEDTEC</TITLE>
+<DATELINE>    PHOENIX, Ariz, June 29 - </DATELINE><BODY>CyCare Systems Inc said it bought
+Control Data Corp's &lt;CDA> MedTec unit for an undisclosed sum.
+    The company said MedTec's new client base could have a
+significant impact on long-term revenues, although it expects a
+minimal positive impact on earnings in the next six months.
+    It said the assets purchased include processing agreements,
+software maintenance contracts and the supporting software.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8199" NEWID="19871">
+<DATE>29-JUN-1987 15:46:00.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2363&#31;reute
+r f BC-candian-tire-hopes-to   06-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN TIRE &lt;CTC.TO> HOPES TO SOLVE DISPUTE</TITLE>
+<DATELINE>    TORONTO, June 29 - </DATELINE><BODY>Canadian Tire Corp Ltd said it still
+hopes a special board committee can solve a voting rights
+dispute between class A and common stock shareholders.
+    "Although no such proposal has yet been developed, the
+directors hope that such a result can be achieved," chairman
+Hugh Macaulay said at the annual meeting.
+    The committee, formed last fall, has been trying to
+determine the voting rights of class A non-voting shares if
+control of the company changes hands.
+   
+    The Ontario Securities Commission blocked a 270 mln dlr
+takeover bid last January for 49 pct of the company's common
+shares.
+    The OSC said the bid by a group of Canadian Tire store
+owners abused shareholders rights by circumventing share
+provisions that would convert non-voting stock into voting
+shares if more than 50 pct of the stock changed ownership.
+    Since then, three members of the Billes family, who agreed
+to tender their 60 pct holding of Canadian Tire's common shares
+to the pro rata offer, have commenced legal proceedings amongst
+themselves.
+    Macaulay said he would not comment further on the situation
+"while matters remain in an unsettled state".
+    At the meeting, president Dean Groussman said the higher
+profit trend evident in the first quarter ended April 4 was
+continuing. First quarter net rose 10 pct to 21.1 mln dlrs from
+19.2 mln dlrs a year earlier.
+    Groussman also said the company plans sharply higher
+capital spending this year of 103 mln dlrs, compared to 43 mln
+dlrs last year, and it will likely maintain high levels of
+capital investment in 1988 and 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8200" NEWID="19872">
+<DATE>29-JUN-1987 15:47:12.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2371&#31;reute
+f f BC-BASS-LED-GROUP   06-29 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BASS-LED GROUP HAS 8.9 PCT BELL and HOWELL CO STAKE FOR
+INVESTMENT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8201" NEWID="19873">
+<DATE>29-JUN-1987 15:47:19.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2372&#31;reute
+d f BC-FIRST-PENNSYLVANIA-&lt;F   06-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST PENNSYLVANIA &lt;FBA> TO LAUNCH NEW VISA CARD</TITLE>
+<DATELINE>    PHILADELPHIA, June 29 - </DATELINE><BODY>First Pennsylvania Bank N.A., the
+major subsidiary of First Pennsylvania Corp, said it will add a
+variable-rate &lt;VISA> card to its consumer credit product line.
+    The bank said the card carries a 14 pct annual interest
+rate that is guaranteed through Sept 30, after which time the
+interest rate will increase or decrease if there is a change in
+the prime rate as reflected in the Wall Street Journal.
+    There is no grace period for purchases made with card, but
+First Pennsylvania already offers a &lt;MasterCard> product with a
+25-day grace period, the bank added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8202" NEWID="19874">
+<DATE>29-JUN-1987 15:50:38.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E Y 
+&#22;&#22;&#1;f2382&#31;reute
+r f BC-MCCHIP-&lt;MCS.TO>-TO-AC   06-29 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCCHIP &lt;MCS.TO> TO ACQUIRE RESERVE HOLDING</TITLE>
+<DATELINE>    TORONTO, June 29 - </DATELINE><BODY>McChip Resources Inc said it has agreed
+to exchange its interest in Oklahoma oil and gas properties
+operated by Reserve Exploration Co &lt;REXC.O> for 638,435
+restricted Reserve common shares.
+    The company said it will have a 44 pct stake in Reserve's
+outstanding shares as a result of the exchange.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8203" NEWID="19875">
+<DATE>29-JUN-1987 15:50:49.97</DATE>
+<TOPICS><D>interest</D><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2383&#31;reute
+u f BC-INTEREST-RATES-HURT-U   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTEREST RATES HURT U.S. MAY HOUSING SALES</TITLE>
+<AUTHOR>    By Steven Radwell, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Sales of new single-family homes
+tumbled 14.9 pct in May from April levels because of higher
+mortgage interest rates, analysts said.
+    "There should be another month or two of very weak new home
+sales but with interest rates stabilizing, sale of new homes
+should become more stable by mid-summer," said economist
+Lawrence Chimerine of Wharton Econometrics Inc.
+    The drop in May, to a seasonally adjusted annual rate of
+616,000 units, was the largest since January 1982, the Commerce
+Department said.
+    Interest rates on conventional mortgages bottomed out at
+about 9.08 pct in March and rose to about 10.7 pct in April,
+according to Stephen Roach, economist at Morgan Stanley.
+    The effect was to freeze some potential new homebuyers out
+of the market, he and others said.
+    "The rates moved very suddenly and were certainly
+unexpected by homebuyers," said Cynthia Latta, an economist
+with Data Resources. "They were so startled, they wanted to
+hold back and see what would happen."
+    The drop in sales of new single-family home sales was
+sharper than expected, some economists said. "We fully expected
+a decline but the extent was more than we anticipated," said
+James Christian, chief economist for the U.S. League of Savings
+Institutions.
+    Christian said there was a sharp rise in May in sales of
+existing homes, which are generally less expensive than new
+homes.
+    Latta of Data Resources said strong sales of new
+condominiums in the Northeast and on the West Coast were
+reflected in sales of existing but not new homes.
+    Christian of the U.S. League of Savings Institutions said,
+"Underlying housing demand remains strong. I think the market
+is going to stabilize and give us a good second half."
+    Others were less optimistic, however.
+    "We clearly won't have a boom (in new home sales) but I
+don't think this is the start of a collapse in single-family
+housing," said Chimerine of Wharton.
+    Eugene Sherman, chief economist of the Federal Home Loan
+Bank of New York, said, "The lower sales level will be
+maintained for awhile until there is another change in rates.
+There won't be much specific improvement in coming months."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8204" NEWID="19876">
+<DATE>29-JUN-1987 15:51:00.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2384&#31;reute
+r f BC-FIRST-AMERICAN-&lt;FAMR.   06-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST AMERICAN &lt;FAMR.O> BUYS BACK STOCK</TITLE>
+<DATELINE>    SANTA ANA, Calif., June 29 - </DATELINE><BODY>First American Financial Corp
+said it repurchased 997,756 shares, or 18 pct of its own common
+stock, from American Century Corp &lt;ACT> for 29.50 dlrs per
+share in cash and two real estate properties in California.
+    Concurrent with the closing of the deal, its First American
+Title Insurance Co unit entered into a long-term lease
+arrangement for the properties, First American said.
+    It also said the stock it is repurchasing will be retired
+and not re-issued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8205" NEWID="19877">
+<DATE>29-JUN-1987 15:51:10.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f2385&#31;reute
+d f BC-BRAZIL-LAND-REFORM-PR   06-29 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL LAND REFORM PROGRAM FALTERS, TENSIONS RISE</TITLE>
+<AUTHOR>    By Stephen Powell, Reuters</AUTHOR>
+<DATELINE>    SAO PAULO, June 29 - </DATELINE><BODY>Brazil's land reform program, long
+trumpeted by the government as one of its absolute priorities,
+is mired in bureaucracy after achieving very few of its aims.
+    Officials acknowledge that progress is now minimal. Land
+rights activists see no progress at all and say things are
+actually worsening. Over the last year economic pressures have
+forced many small producers to sell out to big land-owners.
+    Land reform, one of the country's most hotly-debated
+political issues, is particularly to the fore this year as a
+Constituent Assembly in Brasilia draws up a new constitution.
+    Land rights campaigners say that if the new charter does
+not give fresh hope for the country's 4.5 mln landless
+families, there will be wave upon wave of land occupations.
+    "We make no secret of our tactics," said one leader of the
+land reform movement, Joao Pedro. "The solution is to occupy --
+that is what we say to the rural workers. There has not been a
+single program of land reform in the world without the people
+occupying land."
+    The land issue spawns violence from Amazonia to Mato
+Grosso. Some 278 people died in land disputes last year,
+according to the Pastoral Commission for Land, which is linked
+to the Roman Catholic Church.
+    The land reform program, announced in 1985 soon after the
+civilian government of President Jose Sarney took power, aimed
+to resettle 1,4 mln families by 1989 by gradually splitting up
+the country's vast, undeveloped estates.
+    The government, in its National Plan for Agrarian Reform,
+described the program as "one of its absolute priorities."
+    In practice, fewer than 20,000 families have been helped so
+far and the government admits that it will not get anywhere
+near the original target.
+    Political analysts said that the pace of land reform was
+now slower under Sarney than it had been under the military
+government of General Joao Figueiredo (1979-85).
+    The slow progress on the issue is fuelling deep
+frustration. Land rights demonstrations are a common sight in
+Sao Paulo and other parts of the country.
+    Activists say social conditions in the countryside, far
+from improving, have significantly deteriorated.
+    Pedro, a leader of the Movement of Landless Rural Workers,
+said that over the last 12 months 100,000 small producers had
+been forced off the land in Brazil's five southernmost states.
+    He said the exodus had been caused first by the
+government's anti-inflation Cruzado Plan, which last year froze
+prices and hit the income of small farmers.
+    When the Cruzado Plan collapsed late last year, prices and
+interest rates soared and many small farmers were unable to pay
+debts taken out during the price freeze.
+    Pedro said most of the 100,000 families who had left the
+countryside in the south had previously been land-owners, while
+a minority had been tenant farmers. Most had moved to Brazil's
+swollen cities.
+    One activist said the number of landless day labourers
+called "boias-frias" (literally "cold meals"), most of whom cut
+sugar cane, had increased to 400,000 in Sao Paulo state from
+about 300,000 five years ago.
+    In an attempt to improve the lot of the rural poor, the
+land reform movement has drawn up a radical proposal which it
+is sending to the Constituent Assembly.
+    The proposal would severely limit the size of a maximum
+permissible holding and the land rights movement does not
+expect it to be voted into the constitution.
+    Pedro said at least 70 pct of the 559-member assembly is
+composed of big land-owners. He added that the assembly would
+probably vote on the proposal by October and that its rejection
+would be the signal for large-scale land invasions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8206" NEWID="19878">
+<DATE>29-JUN-1987 15:51:38.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2387&#31;reute
+u f BC-S/P-UPGRADES-PHELPS-D   06-29 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P UPGRADES PHELPS DODGE &lt;PD> DEBT, PREFERRED</TITLE>
+<DATELINE>    NEW YORK, Jan 29 - </DATELINE><BODY>Standard and Poor's Corp said it
+upgraded Phelps Dodge Corp's senior debt to BB-plus from BB and
+preference stock to BB-minus from B-plus.
+    About 400 mln dlrs of debt and preference stock is
+outstanding.
+    Continuing cost cutting in its copper operations has
+significantly enhanced the firm's competitive position, S and P
+said. It added that the acquisition of Columbian Chemical Co
+has broadened Phelps Dodge's earnings base.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8207" NEWID="19879">
+<DATE>29-JUN-1987 15:52:18.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2388&#31;reute
+r f BC-KYOWA-LICENSES-AIDS-T   06-29 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KYOWA LICENSES AIDS TEST FROM MUREX</TITLE>
+<DATELINE>    NORCROSS, Ga., June 29 - </DATELINE><BODY>A subsidiary of (Kyowa Hakko Kogyo
+Co Ltd) and privately-held (Murex Corp) jointly announced they
+signed an agreement giving Kyowa exclusive rights in Japan to
+market certain Murex products to detect AIDS.
+    The companies estimated that Japanese clinicians will
+perform a minimum of 28 mln AIDS tests a year. The Murex
+products must be approved by Japanese authorities before they
+are sold in Japan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8208" NEWID="19880">
+<DATE>29-JUN-1987 15:53:57.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2395&#31;reute
+b f BC-BELL-AND-HOWELL   06-29 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASS GROUP HAS STAKE IN BELL AND HOWELL &lt;BHW></TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>An investor group led by Robert Bass
+of Fort Worth, Texas said it owns 786,800 shares of Bell and
+Howell Co common stock, equal to 8.9 pct of the company's
+common stock outstanding. 
+    In a filing with the Securities and Exchange Commission,
+the group said it purchased 511,500 Bell and Howell common
+shares between April 29 and June 26 at 44.25 dlrs to 56.02 dlrs
+a share.
+    The stock was acquired for investment purposes, the group
+said, adding it may purchase or sell additional shares in the
+future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8209" NEWID="19881">
+<DATE>29-JUN-1987 15:54:44.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2397&#31;reute
+r f BC-AMERICAN-CENTURY-&lt;ACT   06-29 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CENTURY &lt;ACT> UNIT SELLS STOCK</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, June 29 - </DATELINE><BODY>American Century Corp said
+its Commerce Savings unit will sell 997,756 common shares in
+First American Financial Corp &lt;FAMR.O>, representing 18 pct of
+First American.
+    The company said the shares are being repurchased by First
+American for 29.4 mln dlrs and two real estate assets in
+California.
+    It said Commerce Savings acquired the shares in 1982 and
+1983.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8210" NEWID="19882">
+<DATE>29-JUN-1987 15:55:28.71</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2399&#31;reute
+r f AM-GULF-AMERICAN   06-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. REASSERTS PLANS FOR DETERRENT ROLE IN GULF</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The United States responded to an
+apparent escalation of Iranian rhetoric with continued
+assurances that its expanded military force in the Gulf would
+play purely a deterrent role.
+    "I can only emphasize that our role there is deterrent, that
+we're going to be assuring safety for American shipping and
+that that shipping is not related to the war itself," State
+Department spokesman Charles Redman told reporters.
+    He was asked about Iranian claims that the United States
+was moving towards the brink of armed conflict with Iran.
+    Tehran Radio quoted defence spokesman Ali Akbar Hashemi
+Rafsanjani telling a visiting Nicaraguan delegation yesterday,
+"At the moment the United States is moving towards the brink of
+an armed encounter with us.
+    "We are not concerned about this and believe that the U.S.
+Presence in the war will make our nation even more serious. We
+are determined to stand firm and will certainly win."
+    The United States disclosed last week it was beefing up its
+Gulf fleet from seven to 10 warships and also sending the
+refurbished battleship Missouri to patrol just outside the
+strategic Strait of Hormuz, entrance to the Gulf.
+    The buildup ties in with U.S. Plans to escort Kuwaiti oil
+tankers which have been re-registered to fly the American flag
+and gain naval protection against Iranian attacks.
+    Asked about the Iranian rhetoric, White House spokesman
+Marlin Fitzwater said, "We won't have any comment or response to
+the Iranian statements. Our position has been made clear about
+the status of events in the Gulf. We want an end to the war
+with no winners and no losers and any activities or statements
+that tend to prolong the war or increase hostilities are not
+helpful or welcome."
+    Redman said he could not independently confirm reports that
+Iran has offered to halt attacks on Gulf shipping.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8211" NEWID="19883">
+<DATE>29-JUN-1987 16:04:22.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2422&#31;reute
+r f BC-BELDEN-&lt;BBE>-TO-SELL   06-29 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELDEN &lt;BBE> TO SELL UNITS INTERNATIONALLY</TITLE>
+<DATELINE>    NORTH CANTON, Ohio, June 29 - </DATELINE><BODY>Belden and Blake Energy Co, a
+master limited partnership, said it entered into an agreement
+to sell 400,000 of its units for two mln dlrs in cash.
+    The company said &lt;Great Pacific Capital S.A.> of Geneva,
+Switzerland, is acting as lead manager for the private
+placement of the units with international investors.
+    Under the agreement, it said an option has also been
+granted to buy up to 800,000 additional units at five dlrs per
+unit on or before July 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8212" NEWID="19884">
+<DATE>29-JUN-1987 16:07:29.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2427&#31;reute
+b f BC-TEXAS-INSTRUMENTS-GET   06-29 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INSTRUMENTS GETS 556.1 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>Texas Instruments Inc (TXN) has been
+awarded a 556.1 mln dlr contract to build 2,575 high-speed
+anti-radiation missiles (HARM), the Navy said.
+    The company also has won a 5.9 mln dlr contract to upgrade
+M-48 tanks for Turkey, the Army said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8213" NEWID="19885">
+<DATE>29-JUN-1987 16:10:09.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2430&#31;reute
+r f BC-LIFE-TECHNOLOGIES-&lt;LT   06-29 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIFE TECHNOLOGIES &lt;LTEK.O> FILES TEST WITH FDA</TITLE>
+<DATELINE>    GAITHERSBURG, Md., June 29 - </DATELINE><BODY>Life Technologies Inc said it
+has submitted to the Food and Drug Administration a new test
+which has proven effective in detecting a sexually transmitted
+virus thought to play a role in the development of cervical
+cancer.
+    Life Technologies said the test, called "ViraPap,"
+identifies the presence of human papillomavirus (HPV) by
+detecting the virus' DNA makeup.
+    Life Technologies said the test uses radioactive probes to
+to detect the virus.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8214" NEWID="19886">
+<DATE>29-JUN-1987 16:13:51.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2438&#31;reute
+r f BC-SECURITY-&lt;SFGI.O>-COM   06-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY &lt;SFGI.O> COMPLETES INITIAL OFFERING</TITLE>
+<DATELINE>    ST CLOUD, Minn., June 29 - </DATELINE><BODY>Security Federal Savings and
+Loan Association said the initial public offering of its
+holding company Security Financial Group Inc has been
+completed.
+    The company said the offering by Security Financial
+consisted of 766,251 issued through the conversion of Security
+Federal to stock ownership from mutual ownership. It said net
+proceeds of the offering will be used for general corporate
+purposes. Trident Securities Inc and Dain Bosworth Inc were
+underwriters for the offering. Security Financial will begin
+trading on NASDAQ on or about June 29, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8215" NEWID="19887">
+<DATE>29-JUN-1987 16:15:21.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2441&#31;reute
+u f BC-HARTMARX-CORP-&lt;HMX>-2   06-29 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARTMARX CORP &lt;HMX> 2ND QTR MAY 31 NET</TITLE>
+<DATELINE>    CHICAGO, June 29 -
+    </DATELINE><BODY>Shr 40 cts vs 11 cts
+    Net 8,265,000 vs 2,255,000
+    Sales 248.3 mln vs 245.4 mln
+    Six mths
+    Shr 94 cts vs 51 cts
+    Net 19.4 mln vs 10.6 mln
+    Sales 531 mln vs 535.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8216" NEWID="19888">
+<DATE>29-JUN-1987 16:17:22.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2449&#31;reute
+u f BC-BANK-OF-NEW-YORK-&lt;BK>   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW YORK &lt;BK> DEBT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed ratings on 500 mln dlrs of Bank of New York Co debt
+after the bank set a special LDC loan loss reserve.
+    Affirmed are the A-plus senior debt rating, the A
+subordinated debt, A-1-plus commercial paper and respective
+A-plus and A1-plus ratings on certificates of deposit of Bank
+of New York and Bank of New York (Delaware).
+    S and P said the bank's 135 mln dlr addition to its loan
+loss reserve conservatively addresses LDC exposure. S and P
+said the resulting second quarter loss expected will not
+substantially diminish fundamental earnings strength.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8217" NEWID="19889">
+<DATE>29-JUN-1987 16:18:12.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2452&#31;reute
+s f BC-BOEING-CO-&lt;BA>-QUARTE   06-29 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING CO &lt;BA> QUARTERLY DIVIDEND</TITLE>
+<DATELINE>    SEATTLE, Wash., June 29 -
+    </DATELINE><BODY>Qtly div 35 cts vs 35 cts
+    Pay Sept 11
+    Record Aug 10
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8218" NEWID="19890">
+<DATE>29-JUN-1987 16:18:20.70</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2453&#31;reute
+d f BC-CXR-&lt;CXRL.O>,TOROTEL   06-29 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CXR &lt;CXRL.O>,TOROTEL &lt;TRTL.O> TO SETTLE SUIT</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif, June 29 - </DATELINE><BODY>CXR Telcom Corp and Torotel
+Inc agreed in principle to settle pending litigation regarding
+the sale of Torotel's former Halcyon Communications Inc unit to
+CXR in March, 1986, the two companies said in a joint
+statement.
+    The agreement calls for CXR to pay to Torotel 1,350,000
+dlrs in exchange for return of a 2.5 mln dlr note and five mln
+CXR common shares valued at 1,7754,000 mln dlrs, the companies
+said.
+    In June, 1986 CXR filed the suit in San Francisco federal
+court, charging that the 10.3 mln dlr price it paid for Halycon
+was excessive, Torotel said.
+    It also said that in is suit CXR asked for seven mln dlrs
+in damages, along with an unspecified punitive award.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8219" NEWID="19891">
+<DATE>29-JUN-1987 16:18:54.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f2456&#31;reute
+u f BC-MATTHEWS-AND-WRIGHT-&lt;   06-29 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MATTHEWS AND WRIGHT &lt;MW> SAYS BONDS TAX-EXEMPT</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Matthews and Wright Group Inc, citing
+the opinion of bond counsel, said certain bond issues that it
+underwrote were validly issued and will continue to receive
+tax-exempt status.
+    The company issues the statement as its stock fell 2-1/8 to
+4-5/8 on the American Stock Exchange. Matthews and Wright said
+that in response to press stories, governmental agencies have
+made preliminary inquiries seeking more information.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8220" NEWID="19892">
+<DATE>29-JUN-1987 16:19:21.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2457&#31;reute
+d f BC-CABLEVISION-SYSTEMS-&lt;   06-29 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABLEVISION SYSTEMS &lt;CVCC> BUYS STATIONS</TITLE>
+<DATELINE>     WOODBURY, N.Y., June 29 - </DATELINE><BODY>Cablevision Systems Corp said it
+bought cable television systems in six Dutchess County, N.Y.,
+communities from Dutchess County Cablevision Associates Ltd.
+    The company said the acquisition of the new systems will
+add to its presence in New York. It said it will add 4,400
+subsribers to its 568,000 subscriber base.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8221" NEWID="19893">
+<DATE>29-JUN-1987 16:19:27.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2458&#31;reute
+f f BC-MOODY'S-AFFIRMS   06-29 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MOODY'S AFFIRMS 1.2 BILLION DLRS OF DEBT OF BANK OF NEW
+YORK CO
+    
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8222" NEWID="19894">
+<DATE>29-JUN-1987 16:20:05.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2459&#31;reute
+d f BC-&lt;ASHFORD-FINANCIAL>-C   06-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ASHFORD FINANCIAL> CREATES LIMITED PARTNERSHIP</TITLE>
+<DATELINE>    DALLAS, June 29 - </DATELINE><BODY>Ashford Financial Group said it will
+create its first master limited partnership in the third
+quarter.
+    The company said the move will allow small investors to
+participate in the early-stage financing of its new client
+companies.
+    The company said investors will also find they have more
+liquidity than in traditional limited partnership investments.
+    Ashford Financial specializes in providing financial
+backing to small companies with the potential for high earnings
+growth and to go public in less than three years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8223" NEWID="19895">
+<DATE>29-JUN-1987 16:20:55.83</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2462&#31;reute
+r f BC-AUSTEC-&lt;AIL.S>-COMPLE   06-29 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTEC &lt;AIL.S> COMPLETE PURCHASE OF PRIVATE FIRM</TITLE>
+<DATELINE>    SAN JOSE, Calif, June 29 - </DATELINE><BODY>Austec International Ltd said
+its North American unit, Austec Inc, completed the purchase of
+privately-held Ryan-McFarland Corp for an undisclosed sum.
+    The company said the two units combined are expected to
+have net revenues of about 25 mln dlrs in 1987.
+    Ryan-McFarlnad develops COBOL and FORTRAN language
+compilers for the micro, mini and mainframe computer markets.
+    Austec International is based in Melbourne, Australia.
+Ryan-McFarland is located in Rolling Hills Estates, Calif.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8224" NEWID="19896">
+<DATE>29-JUN-1987 16:22:09.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2464&#31;reute
+r f BC-PEPSI-&lt;PEP>-GETS-SUPP   06-29 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEPSI &lt;PEP> GETS SUPPLIER CONTRACT</TITLE>
+<DATELINE>    SOMERS, N.Y., June 29 - </DATELINE><BODY>Pepsi-Cola USA said received an
+exclusive five-year contract to supply soft drinks to all of
+Harcourt Brace Jovanovich Inc's &lt;HBJ> Sea World theme parks in
+the United States, effective Jan 1, 1988.
+    Pepsi said Sea World has had an account with Coca-Cola for
+the past 16 years. Pepsi said Sea World operates five major
+theme parks in Orlando, San Diego, Cleveland, Winter Haven,
+Fla., and Baseball City, Fla.
+    Pepsi said the new agreement also calls for a major
+promotional partnerships between the companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8225" NEWID="19897">
+<DATE>29-JUN-1987 16:25:01.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM Y 
+&#22;&#22;&#1;f2467&#31;reute
+u f BC-TEXACO-(QTX)-MAY-BENE   06-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO (QTX) MAY BENEFIT FROM SEC BRIEF</TITLE>
+<AUTHOR>    By Patti Domm, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>The Securities and Exchange
+Commission's entry into the battle between Texaco Inc and
+Pennzoil Co &lt;PZL> could affect the outcome of the 10.3 billion
+dlr legal saga, some analysts said.
+    Texaco today said the SEC would file a "friend of the
+court" brief on the tender offer rule as it pertains to the
+case. Some analysts construed this as positive for Texaco since
+they said it is alleged by Texaco that Pennzoil violated the
+rule, and the issue was not thoroughly addressed in lower Texas
+courts.
+    Texaco's stock rose 1-1/2 to 39-3/8 and Pennzoil fell four
+to 78-7/8. A Pennzoil attorney would not comment. He said the
+SEC rule, 10b-13, is part of Texaco's argument in its request
+for a Texas Supreme Court case, and that the matter has been
+previously addressed in court. Pennzoil said it knew of the SEC
+brief but it did not know whether the brief would support the
+view of one litigant or be an inquiry and request for
+clarification of the reasons for two lower state court
+decisions.
+    Texaco today said the SEC would urge the Texas Supreme
+Court to accept the case for review with respect to the issue.
+    Texaco has alleged Pennzoil violated the rule when it had a
+tender offer for Getty Oil Co outstanding and then made an
+alleged agreement on January 3, 1984, to buy Getty shares.
+    Analysts said the SEC tender offer rule prevents those
+making the offer from entering into contracts for the target
+company's stock. Frederick Leuffer of C.J. Lawrence believes
+SEC intervention could be meaningful but acknowledged it could
+also have no affect. "If this friend of the court brief is
+potent and clearly pro-Texaco, and is taken into account by the
+Texas Supreme Court, there is a chance the entire judgment
+could be reversed and Pennzoil gets nothing," Leuffer said.
+    Texaco and Pennzoil have been locked in a bitter legal
+battle over Texaco's acquisition of Getty Oil. A Texas court
+awarded Pennzoil a record 10.53 billion dlrs in damages, later
+reduced by two billion dlrs. With interest, the award now
+totals 10.3 billion dlrs.
+    Texaco filed for protection under chapter 11 of the federal
+bankruptcy laws earlier this year. Its action was designed to
+avoid having a Texas appeals court order it to post a security
+bond for the entire amount of the Pennzoil judgement.
+    Texaco earlier said the SEC will file its brief the week of
+July 20.
+    In his comments, Leuffer also reflected the views of other
+analysts who believe are not convinced the SEC will play a
+significant role. "The other argument is the court will ignore
+it (the SEC brief) as it has all the other friend of the court
+briefs," he said.
+    Kidder Peabody and Co analyst Marc Cohen said he does not
+expect the SEC's brief to change the direction of the case.
+"Everyday, you're going to see something like this," Cohen
+said.
+    Texaco lawyer Jim Sales said it was only logical to believe
+that the SEC would have sought to intervene in the case if it
+believed the 10b-13 rule was involved. "I think what the market
+sensed today is that there is a reminder here for Pennzoil that
+they may reach for the stars and fall on their face," Sales
+said. "They (Pennzoil) have won every case in Texas," said Joel
+Fischer of Drexel Burnham Lambert. But Fischer and other
+analysts said SEC involvement may raise questions of federal
+law that could help Texaco take its case to the U.S. Supreme
+Court if the Texas court does not reverse the lower opinions or
+refuses to hear its case.
+    Analysts said the lower courts did not give much weight to
+the 10b-13 issue.
+    Sales said the point was argued and the courts
+"acknowledged that it was there but they really ignored the
+legal affect of what the regulation required, and we hope we
+can correct that misimpression".
+    Wall Street analysts and arbitragers speculated on many
+possible outcomes. One arbitrager said there was concern that
+Texaco and Pennzoil could settle for a lower sum than demanded
+by Pennzoil.
+    "The SEC stepping in on this issue as an amicus curiae
+(friend of the court) has a lot of arbitragers a little bit
+disturbed," said Cohen.
+    "What you're seeing is a continual chess game. Every slight
+move down the road could have a multiplying effect," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8226" NEWID="19898">
+<DATE>29-JUN-1987 16:26:09.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f2471&#31;reute
+u f AM-Postal   06-29 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEGOTIATIONS RESUME IN CANADIAN POSTAL STRIKE</TITLE>
+<DATELINE>    OTTAWA, June 29 - </DATELINE><BODY>Negotiations resumed in the 14-day-old
+strike by Canada's letter carriers and picket line violence
+subsided after the federal government changed its mind and
+appointed a mediator.
+    The talks between the 20,000-member Letter Carriers Union
+of Canada and government-owned Canada Post were the first since
+Labor Minister Pierre Cadieux announced the appointment of a
+mediator yesterday.
+   
+    There had been little progress between the parties last
+week and both sides requested a mediator for the second time.
+Cadieux originally said the two sides were too far apart to
+warrant the help on an independent third party.
+    Although the postal union said it would maintain its
+strategy of selected rotating strikes across the country, only
+the Montreal area was affected today and service was normal
+elsewhere in Canada.
+   
+    Canada Post stuck by its promise to halt the use of
+replacement workers for at least seven days if a mediator was
+appointed and there were no reports of picket line violence.
+    Canada Post, under government orders to eliminate a $160
+million (U.S.) deficit by next year, has taken a tough stand in
+the talks and the two sides remain far apart on wages and
+working conditions.             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8227" NEWID="19899">
+<DATE>29-JUN-1987 16:28:02.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2480&#31;reute
+f f BC-JMB-REALTY-TRUS   06-29 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JMB REALTY TRUST CUTS DIVIDEND TO 35 CTS FROM 41 CTS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8228" NEWID="19900">
+<DATE>29-JUN-1987 16:28:33.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f2483&#31;reute
+f f BC-tecsyn-international   06-29 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TECSYN INTERNATIONAL TERMINATES TAKEOVER TALKS WITH
+INVESTOR GROUP
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8229" NEWID="19901">
+<DATE>29-JUN-1987 16:28:42.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2484&#31;reute
+d f BC-BOEING-&lt;BA>-GETS-43.4   06-29 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOEING &lt;BA> GETS 43.4 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>Boeing Co has been awarded a 43.4 mln
+dlr contract for management and production work on the B-52G
+upgrade program, the Air Force said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8230" NEWID="19902">
+<DATE>29-JUN-1987 16:29:23.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f2487&#31;reute
+r f BC-CAMPEAU-SAYS-IT-IS-NO   06-29 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAMPEAU SAYS IT IS NOT PART OF SEC PROCEEDING</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>&lt;Campeau Corp> said it is not involved
+in the Securities and Exchange Commission's administrative
+proceeding against Allied Stores Corp, which Campeau acquired
+at the end of last year.
+    In a statement, the company said, "The SEC action involves
+events that occurred prior to Campeau's acquisition of Allied
+relating to the alleged failure of Allied to make certain
+disclosures. Consequently, Campeau is not subject to the
+procedings."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8231" NEWID="19903">
+<DATE>29-JUN-1987 16:31:58.04</DATE>
+<TOPICS><D>crude</D><D>naphtha</D><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2492&#31;reute
+u f BC-HENLEY-&lt;HENG.O>-HAS-V   06-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENLEY &lt;HENG.O> HAS VENEZUELAN REFINERY PROJECT</TITLE>
+<DATELINE>    HOUSTON, June 29 - </DATELINE><BODY>Henley Group Inc's M.W. Kellogg Co
+subsidiary said it in consortium with &lt;Inelectra> received a
+contract from Corpoven S.A., a Venezuelan-owned domestic oil
+company, to revamp and expand its El Palito Refinery.
+    Kellogg said the installed cost of the work to be performed
+is estimated to be 130 mln dlrs. Inelectra, Kellogg said, is a
+major Venezuelan engineering firm.
+   Kellog said the project will enable the refinery to produce
+BTX products -- benzene, toluene, and orthoxylene -- by
+processing naphtha feed from an expanded reformer-hydrotreater.
+    Kellogg said the refinery's reformer-hydrotreater will be
+upgraded to 9,500 barrels a day capacity from 7,500.
+    It said the new BTX process units include aromatic
+extraction, xylene fractionation, xylene isomerization and
+thermal hydrodealkylation.
+    Kellogg pointed out that Venezuela now imports all of its
+BTX aromatics.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8232" NEWID="19904">
+<DATE>29-JUN-1987 16:32:18.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2494&#31;reute
+r f BC-EQUITABLE-REAL-ESTATE   06-29 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITABLE REAL ESTATE &lt;EQM> TO LEASE STORE SPACE</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Equitble Real Estate Shopping Centers
+L.P. said it has executed a ground lease with Federated
+Department Stores Inc &lt;FDS> for a site at its Brookdale
+Shopping Center in Brooklyn Center, Minn.
+    Equitable said Federated will build a 67,000 squre feet,
+department store and will operate it under its MainStreet
+division.
+    The new store is expected to be completed and open for
+business in the second half of 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8233" NEWID="19905">
+<DATE>29-JUN-1987 16:32:35.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2496&#31;reute
+r f BC-HONK-KONG-AND-SHANGHA   06-29 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONK KONG AND SHANGHAI &lt;HKS> NAMES AMERICAS CEO</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>The Hong Kong and Shanghai Banking Corp
+said it named John Bond chief executive officer Americas,
+succeeding Angus Petrie, who is retiring.
+    Bond will have responsibility for the bank's operations in
+the United States, Canada and Latin America, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8234" NEWID="19906">
+<DATE>29-JUN-1987 16:32:57.60</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2498&#31;reute
+r f BC-FORTUNE-SYSTEMS-&lt;FSYS   06-29 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORTUNE SYSTEMS &lt;FSYS.O> APPROVES UNIT SALE</TITLE>
+<DATELINE>    BELMONT, Calif., June 29 - </DATELINE><BODY>Fortune Systems Corp said its
+shareholders approved the sale of its computer hardware
+business to SCI Technologies Inc.
+    The transaction is expected to close this week.
+    At its annual meeting, Fortune said shareholders also voted
+to change Fortune's name to Tigera Inc. Its principal
+subsidiary is Tigeral Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8235" NEWID="19907">
+<DATE>29-JUN-1987 16:33:29.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2501&#31;reute
+r f BC-INTERNATIONAL-BROADCA   06-29 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL BROADCASTING &lt;IBCA.O> IN OFFERING</TITLE>
+<DATELINE>    MINNEAPOLIS, June 29 - </DATELINE><BODY>International Broadcasting Corp said
+it plans to make a secondary public offering of between 700,000
+and 800,000 shares of common stock.
+    The offering will be made through underwriters in
+mid-August. International Broadcasting did not identify the
+underwriters.
+    The company said it plans to file a registration statement
+on the offering with the Securities and Exchange Commission.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8236" NEWID="19908">
+<DATE>29-JUN-1987 16:34:00.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2505&#31;reute
+d f BC-WARRANTECH-CORP-&lt;WTEC   06-29 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARRANTECH CORP &lt;WTEC.O> AGREES INSURANCE</TITLE>
+<DATELINE>     NEW YORK, June 29 - </DATELINE><BODY>Warrantech Corp said it agreed with
+Providence Washington Insurance Group to insure Warrantech's
+obligations on its Extended Service line of business.
+    The company said that last year it wrote over 1.9 mln dlrs
+of extended service plans representing over 20 mln dlrs' worth
+of electronic products.
+    The company said the agreement will enhance its future
+business opportunities, as an important aspect for it is the
+flexibility, credibility and aggressiveness of its insurance
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8237" NEWID="19909">
+<DATE>29-JUN-1987 16:35:45.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2509&#31;reute
+u f BC-FERC-SEEKS-STAY-OF-MI   06-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FERC SEEKS STAY OF MIDDLE SOUTH &lt;MSU> RULING</TITLE>
+<DATELINE>    NEW ORLEANS, June 29 - </DATELINE><BODY>Middle South Utilities Inc said the
+Federal Energy Regulatory Commission has requested a 30-day
+stay of a U.S. Court of Appeals ruling ordering the commission
+to reconsider its allocation of costs from the Grand Gulf One
+nuclear power plant.
+    More than two years ago, FERC set the allocation af Grand
+Gulf capacity and costs among the four Middle South operating
+companies. These allocations, in turn, have become the basis
+for contested rate filings the four operating utilities made to
+regulators in their service areas.
+    In a ruling dated June 24 and distributed June 26, the U.S.
+Court of Appeals in Washington reversed its January 1987
+decision and ordered FERC to explain its criteria for
+determining undue discrimination and why the FERC's allocation
+currently in effect is not unduly discriminatory under that
+definition, Middle South said.
+    The company said the ruling by the three-judge appeals
+court panel "was totally unexpected, especially in light of the
+timetable the full 11-member court set in April of this year
+when it announced that all judges would rehear the panel's
+January decision in which the panel had upheld FERC.
+    In essence, Middle South said, "the three-member panel has
+adopted the dissenting opinion as the new majority opinion, and
+the full court has accepted the new decision."
+    The company said it supports FERC's motion for a stay. The
+commission said it needed the time to determine the appropriate
+course it should take in light of the new court decision.
+    "Given its complexity and the need for clarification by the
+FERC, the significance of this latest order will take time to
+determine," Middle South said in a statement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8238" NEWID="19910">
+<DATE>29-JUN-1987 16:36:14.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2511&#31;reute
+u f BC-JMB-REALTY-TRUST-&lt;JMB   06-29 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JMB REALTY TRUST &lt;JMBR.O> SETS DECREASED PAYOUT</TITLE>
+<DATELINE>    CHICAGO, June 29 -
+    </DATELINE><BODY>Qtly div 35 cts vs 41 cts prior
+    Pay July 31
+    Record July 15
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8239" NEWID="19911">
+<DATE>29-JUN-1987 16:37:00.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2513&#31;reute
+f f BC-U.S.-SELLS-3-MO   06-29 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLS 3-MO BILLS AT 5.82 PCT, STOP 5.82 PCT, 6-MO
+6.00 PCT, STOP 6.01 PCT
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8240" NEWID="19912">
+<DATE>29-JUN-1987 16:38:37.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2517&#31;reute
+u f BC-tecsyn-terminates   06-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TECSYN &lt;TSNA.TO> TERMINATES TAKEOVER TALKS</TITLE>
+<DATELINE>    ST. CATHARINES, Ontario, June 29 - </DATELINE><BODY>TecSyn International Inc
+said it terminated takeover discussions with a U.S.-based
+investors group after the group was unable to establish access
+to funds to complete the proposed transactions, contrary to
+previous assurances.
+    TecSyn previously said it and its controlling shareholders
+accepted in principle a proposal from the group to offer nine
+dlrs a share for 70 pct of TecSyn's outstanding shares.
+    The investor group also planned to invest 22.5 mln dlrs in
+a private placement of four mln non-voting TecSyn common
+shares, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8241" NEWID="19913">
+<DATE>29-JUN-1987 16:38:59.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2520&#31;reute
+u f BC-GOODYEAR-&lt;GT>-TO-SELL   06-29 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODYEAR &lt;GT> TO SELL STAKE IN TOYOBO PETCORD</TITLE>
+<DATELINE>    AKRON, Ohio, June 29 - </DATELINE><BODY>Goodyear said it is selling its 50
+pct interest in Toyobo Petcord Ltd of Japan to its partner in
+the venture, Toyobo Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8242" NEWID="19914">
+<DATE>29-JUN-1987 16:39:17.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2521&#31;reute
+r f BC-INFINITE-GRAPHICS-&lt;IN   06-29 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INFINITE GRAPHICS &lt;INFG.O> IN JOINT VEENTURE</TITLE>
+<DATELINE>    MINNEAPOLIS, June 29 - </DATELINE><BODY>Infinite Graphics Inc said it signed
+a letter of intent to create a joint venture with &lt;Computer
+Design Equipment Co> to expand sales of its computer-aided
+design equipment in the Midwest.
+    Infinite Graphics said it will manage and hold the
+controlling interest in the venture, National CADD-Pro Upper
+Midwest.
+    Computer Design has headquarters in Syracuse, Ind.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8243" NEWID="19915">
+<DATE>29-JUN-1987 16:39:37.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2523&#31;reute
+r f BC-WASHINGTON-SCIENTIFIC   06-29 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON SCIENTIFIC &lt;WSCI.O> 2ND QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, June 29 -
+    </DATELINE><BODY>Shr 16 cts vs two cts
+    Net 391,000 vs 57,000
+    Sales 7,917,000 vs 7,255,000
+    Six mths
+    Shr 47 cts vs 17 cts
+    Net 1,164,000 vs 422,000
+    Sales 27.9 mln vs 24.3 mln
+    NOTE: Full company name is Washington Scientific Industries
+Inc. Second quarter ended June seven.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8244" NEWID="19916">
+<DATE>29-JUN-1987 16:40:31.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2530&#31;reute
+d f BC-WESTERN-UNION-&lt;WU>-IN   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN UNION &lt;WU> IN PACT WITH ELECTRONIC DATA</TITLE>
+<DATELINE>    UPPER SADDLE RIVER, N.J., June 29 - </DATELINE><BODY>Western Union said it
+signed an agreement with &lt;Electronic Data Systems Corp>.
+    Under the agreement, EDS will provide Western Union's
+easylink electronic mail service to the 35,000 EDS diamond
+communications users of General Motors Corp &lt;GM> internal
+electronic mail network. Diamond is an interface linking eight
+incompatible electronic mail systems at GM's various divisions.
+    Diamond users will now have a communications path to
+160,000 easylink users and 1.5 mln telex users worldwide,
+Western Union said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8245" NEWID="19917">
+<DATE>29-JUN-1987 16:41:02.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2534&#31;reute
+r f BC-WARWICK-INSURANCE-&lt;WI   06-29 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARWICK INSURANCE &lt;WIMI.O> BUYS STOCK</TITLE>
+<DATELINE>    MORRISTOWN, N.J., June 29 - </DATELINE><BODY>Warwick Insurance Managers Inc,
+the holding company for Warwick Insurance Co and its
+subsidiaries, said it purchased 55,000 shares of its own common
+stock.
+    The company said it may establish an employee stock
+ownership plan, and that the shares purchased would be made
+available to the plan if it is adopted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8246" NEWID="19918">
+<DATE>29-JUN-1987 16:46:09.19</DATE>
+<TOPICS><D>trade</D><D>trade</D></TOPICS>
+<PLACES><D>israel</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f2541&#31;reute
+r f BC-ISRAEL-MINISTER-SEES   06-29 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ISRAEL MINISTER SEES INCREASED EXPORTS TO U.S.</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Israel's exports to the U.S. can and
+must double over the next five years if the mideast nation's
+goal of economic independence is to be achieved, said Gad
+Yaacobi, Israeli minister of Economy and Communication.
+    Speaking before an American-Israel Chamber of Commerce
+seminar, Yaacobi said that in 1986 Israeli exports to the U.S.
+were over 2.3 billion dlrs or about one-third of Israel's total
+exports, while imports from the U.S. were around 1.8 billion
+dlrs or roughly one-sixth of the total.
+    "I am convinced that Israel exports to the U.S. can reach
+five billion dlrs in the next five years, if we learn to
+function in the American marketplace and place greater emphasis
+on product quality," Yaacobi said.
+    While the weakening of the dollar vis-a-vis European
+currencies is a "bottleneck to increasing exports to the U.S.,"
+Yaacobi said he expects Israel to extend its recent trend
+toward higher U.S. exports.
+    In the last ten years, Israeli exports to the U.S. rose
+fivefold, from 417 mln dlrs to 2.3 billion in 1986, while
+imports rose from 888 mln dlrs to 1.8 billion last year.
+    Yaacobi said export growth must increase ten to eleven pct
+annually, the rate achieved until the 1973 Yom Kippur War.
+     He said that the U.S./Israel Free Trade agreement, passed
+last year and eliminating all duties and other commercial
+restrictions between the two nations through 1994, would
+continue to facilitate the desired export growth.
+    Dual agreements included in the FTA allow Israel to act as
+an economic bridge between the U.S. and Europe, enabling U.S.
+firms to export to Europe at lower cost if a certain percentage
+of the exported is produced in Israel, and vice-versa.
+    Yaacobi said that tensions among the nations of the middle
+east was one of the main reasons Israel had not yet been able
+to achieve its economic potential.
+    Since 1973 the U.S. has given Israel 25 billion dlrs in
+aid, but most of it went to defense expenditures and financing
+military conflicts "which were imposed on Israel," he said.
+    Short of achieving Israel's full growth potential, however,
+Yaccobi said it would still be possible to achieve economic
+independence by 1993 or 1994, based on the assumption that
+exports can be doubled from 1986 levels in that time period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8247" NEWID="19919">
+<DATE>29-JUN-1987 16:46:50.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2543&#31;reute
+u f BC-&lt;REVCO>-SEES-4TH-QTR   06-29 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;REVCO> SEES 4TH QTR LOSS</TITLE>
+<DATELINE>    TWINSBURG, Ohio, June 29 - </DATELINE><BODY>Revco D.S. Inc said it expects a
+loss of 14 mln dlrs for the fourth quarter ended May 30. The
+company said it expects sales of 703 mln dlrs with operating
+profit at 52 mln dlrs.
+    The company said that it expects sales in the full fiscal
+year, ending May 30, of around 2.7 billion dlrs with operating
+profit of around 159 mln dlrs and earnings of about nine mln
+dlrs.
+    The company said figures for last year are not comparable
+as Revco was acquired in a leveraged buyout at the end of
+December.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8248" NEWID="19920">
+<DATE>29-JUN-1987 16:49:16.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2549&#31;reute
+u f AM-BANKS   06-29 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE PASSES TRUTH IN SAVINGS ACT</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The House of Representatives passed a
+bill that requires financial institutions to disclose the terms
+and conditions of interest rates they offer on savings
+accounts.
+    Institutions would be required to disclose through
+advertisments and announcements the minimum balances, time
+requirements, fees and other conditions of their savings
+accounts, certificates of deposits and interest-bearing
+checking accounts.
+   
+    The purpose of the bill is to help customers decide which
+banks and savings associations offer the best rates, according
+to House Banking Committee chairman Fernand St Germain, a Rhode
+Island Democrat.
+    The bill was passed by voice vote and sent to the Senate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8249" NEWID="19921">
+<DATE>29-JUN-1987 16:51:36.52</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2557&#31;reute
+f f BC-GENCORP-INC-TO   06-29 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP INC SAYS TO SELL GENERAL TIRE TO CONTINENTAL
+GUMMI FOR 650 MLN DLRS
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8250" NEWID="19922">
+<DATE>29-JUN-1987 16:55:04.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2564&#31;reute
+u f BC-MOODY'S-DOWNGRADES-PO   06-29 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S DOWNGRADES POTOMAC ELECTRIC &lt;POM> STOCK</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded Potomac Electric Power Co's preferred stock to AA-1
+from AAA and it continues to review the utility's AAA bond
+rating for downgrade. Some 1.3 billion dlrs is affected.
+    The prime-1 commercial paper rating is not under review.
+    Moody's said it expects Potomac Electric's credit quality
+to undergo a degree of erosion because of recent rate
+reductions in the District of Columbia and Maryland.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8251" NEWID="19923">
+<DATE>29-JUN-1987 16:56:29.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2572&#31;reute
+f f BC-CONTEL-CORP-SAY   06-29 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CONTEL CORP SAYS IT EXPECTS LOWER SECOND QUARTER, YEAR NET
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8252" NEWID="19924">
+<DATE>29-JUN-1987 16:59:10.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2582&#31;reute
+d f BC-BALLY-&lt;BLY>-TO-REDEEM   06-29 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY &lt;BLY> TO REDEEM PREFERRED SHARES</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>Bally Manufacturing Corp said it called
+for optional redemption of its outstanding Series E increasing
+dividend preferred stock on August 1 at 50 dlrs a share.
+    The redemption price will be payable on August 1.
+    The regular quarterly dividend of 1.50 dlrs a share will be
+paid August 1, record July 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8253" NEWID="19925">
+<DATE>29-JUN-1987 17:00:07.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2586&#31;reute
+s f BC-FIRST-AMERICAN-FINANC   06-29 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST AMERICAN FINANCIAL CORP &lt;FAMR.O> PAYOUT</TITLE>
+<DATELINE>    SANTA ANA, Calif., June 29 -
+    </DATELINE><BODY>Shr 12-1/2 cts vs 12-1/2 prior qtr
+    Pay July 15
+    Record July 8
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8254" NEWID="19926">
+<DATE>29-JUN-1987 17:02:26.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2589&#31;reute
+u f BC-CONTEL-&lt;CTC>-SEES-LOW   06-29 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTEL &lt;CTC> SEES LOWER 2ND QTR, YEAR NET</TITLE>
+<DATELINE>    ATLANTA, Ga., June 29 - </DATELINE><BODY>Contel Corp said its expects to
+report second quarter earnings that are lower than last year's
+74 cts a share and 1987 earnings from continuing operations
+that are about 15 pct lower than last year's 3.04 dlrs per
+share.
+    Donald Weber, president and chief executive officer of
+Contel, said that lower than expected revenues, higher than
+anticipated costs to complete certain contracts and one-time
+expenses are behind the lower earnings projections.
+    As such, Weber said Contel has begun to evaluate
+strategies, budgets and operating direction in each of the
+company's divisions "with renewed emphasis on maximizing
+shareholder value."
+    Weber added that Contel is holding discussions with
+&lt;Comsat> on an agreement to terminate the previosuly proposed
+merger between the two companies.
+    Weber added that the results of the evaluations of certain
+parts of the company may be reflected later this year in a
+combination of one-time gains or losses not in the anticipated
+lower earnings.
+    Webber said, however, that he was encouraged by the
+continued strength of Contel's telephone businesses and the
+strong showing from certain of the company's non-regulated
+sectors.
+    But, he added, that results for other parts of the company
+will still be unsatisfactory.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8255" NEWID="19927">
+<DATE>29-JUN-1987 17:03:00.42</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A Y RM 
+&#22;&#22;&#1;f2591&#31;reute
+u f BC-venezuela-budget-fors   06-29 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA BUDGET SEES 16.35 DLRS OIL PRICE</TITLE>
+<DATELINE>    CARACAS, June 29 - </DATELINE><BODY>Venezuela's government tomorrow presents
+a 1988 budget proposal for 183.432 billion bolivars, based upon
+an oil price of 16.35 dlrs per barrel, finance minister Manuel
+Azpurua said.
+    Azpurua told reporters after a cabinet meeting the new
+budget projects ordinary income of 149.925 billion bolivars and
+extraordinary income of 34.186 billion. Oil revenues are
+expected to produce 92.014 billion, or 61 pct of the total.
+    The finance minister said the oil revenue projection is
+based on an average price of 16.35 dlrs per barrel in 1988.
+Venezuelan oil through the first half of 1987 has averaged 16.
+20 dlrs per barrel, according to the state oil company
+Petroleos de Venezuela, S.A.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8256" NEWID="19928">
+<DATE>29-JUN-1987 17:03:37.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2593&#31;reute
+u f BC-HARTMARX-&lt;HMX>-SEES-R   06-29 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARTMARX &lt;HMX> SEES RECORD EARNINGS</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>Hartmarx Corp is in "excellent financial
+condition" and expects record earnings in the second half of
+fiscal 1987, Chairman John Meinert said in a statement.
+    The company reported earnings for the second quarter ended
+May 31 of 8,265,000 dlrs or 40 cts a share on sales of 248.3
+mln dlrs, compared to earnings of 2,255,000 dlrs or 11 cts on
+sales of 245.4 mln dlrs in the 1986 quarter.
+    First-half earnings increased to 19.4 mln dlrs or 94 cts
+from 10.6 mln dlrs or 51 cts in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8257" NEWID="19929">
+<DATE>29-JUN-1987 17:03:45.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2594&#31;reute
+u f BC-AMERICAN-HEALTHCARE-&lt;   06-29 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN HEALTHCARE &lt;AHI> DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Moody's Investors Service said it
+downgraded American Healthcare Management's outstanding 80 mln
+dlrs of 15 pct subordinated notes to Caa from B-1.
+    Moody's said that noteholders now have the option to
+accelerate payment of the issue as early as July 15, 1987. The
+rating had been under review since April.
+    The agency noted the company earned three mln dlrs in the
+first quarter after taxes. However, Moody's said the firm 
+violated covenants in its in its bank credit agreement as a
+result of substantial asset writedowns and an operating
+earnings decline, both of which were announced in April.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8258" NEWID="19930">
+<DATE>29-JUN-1987 17:06:39.27</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2600&#31;reute
+b f BC-/GENCORP-&lt;GY>-TO-SELL   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> TO SELL GENERAL TIRE</TITLE>
+<DATELINE>    AKRON, Ohio, June 29 - </DATELINE><BODY>Gencorp Inc and Continental AG of
+Hanover, West Germany, jointy announced they signed an
+agreement for Continental to buy Gencorp's General Tire Inc
+subsidiary for 650 mln dlrs in cash.
+    Under the agreement the companies said Continental will
+acquire General Tire, including its related domestic and
+foreign operations, and Gencorp will retain liability for the
+medical benefits of retired General Tire employees who retired
+on or before November 30, 1984.
+    The sale is expected to be completed on or before November
+one and is subject to meeting certain conditions.
+    Continental is Europe's second largest tire producer. Last
+year, the company had sales of 2.6 billion dlrs, with 1.9
+billion dlrs generated by its tire operations.
+    Last year, General Tire had operating profits of 79 mln
+dlrs on sales of 1.1 billion dlrs, and Gencorp had operating
+profits of 130 mln dlrs on sales of 3.1 billion dlrs.
+    GenCorp spokesman Rip Tilden said the company will retain
+about 100 mln dlrs in liability for its former General Tire
+employees under the agreement.
+    Tilden said Gencorp will use the proceeds from the sale to
+reduce its 1.5 billion dlr debt.
+    In April, GenCorp sucessfully thwarted a takeover by a
+partnership formed by AFG Industries Inc &lt;AFG> and Wagner and
+Brown with a restructuring program that included the purchase
+of up to 54 pct, or 12.5 mln shares, of its common at 130 dlrs
+a share for a total of 1.6 billion dlrs
+    As part of the restructuring, GenCorp also said it planned
+to sell its tire business, the bottling operations of its RKO
+General Inc subsidiary, and RKO's remaining broadcast
+properties to focus on the company's aerospace and automotive
+components businesses.
+   
+    Tilden said Gencorp expects to realize about 850 mln dlrs
+in after tax proceeds by the end of 1987 as a result of sale of
+several pieces of the nonbroadcast assets of the company,
+including general tire.
+    "The price paid for General tire would not cause us to
+reevaluate that estimate," said Tilden.
+    General Tire employs 10,000 people worldwide and has four
+tire manufacturing plants in the U.S. and one in Canada.
+    In a statemnet, A. William Reynolds, GenCorp chairman said
+the sale of General Tire "represents a critical accomplishment
+in our plan to restructure GenCorp."
+   
+    Reynolds also said GenCorp's previously announced sale of
+its other businesses are "proceeding satisfactorily."
+    Among the pieces of Gencorp's empire that remain to be sold
+are its RKO bottling operations. GenCorp agreed to sell RKO's
+KHJ-TV station to Walt Disney Co &lt;DIS> for
+217 mln dlrs. That deal awaits approval by the Federal
+Communications Commission. GenCorp also received 257 dlrs after
+tax from the sale of RKO's WOR-TV.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8259" NEWID="19931">
+<DATE>29-JUN-1987 17:07:09.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2601&#31;reute
+u f BC-U.S.-HOUSING-DEPT.-BA   06-29 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSING DEPT. BACKS PRIVATIZING FNMA &lt;FNM></TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The U.S. Department of Housing and
+Urban Development (HUD) said it backed an eventual severing of
+the link between the government and the Federal National
+Mortgage Association -- better known as Fannie Mae.
+    But the department, in a long-awaited report requested by
+Congress in 1984, shied from setting a timetable for the giant
+housing finance institution to end its government ties.
+   Instead, it said specific recommendations would come in a
+second report, to be issued jointly by Fannie Mae and HUD by
+Oct. 1.
+   "The basic policy directive underlying FNMA's history has
+been consistent -- a gradual movement toward fully private
+status. There appears to be no need to change that policy," the
+HUD report said.
+    Any change in Fannie Mae's status would be up to Congress.
+    The HUD report said the options open to Congress ranged
+from doing nothing to full and immediate privatization.
+    "Whatever option is selected, the combination of the
+favorable economic environment, FNMA's recent move to financial
+health, the current strength of the housing market and the
+evolution of FNMA's role in the mortgage market from
+contributor to competitor would all indicate that the time is
+ripe for a positive move toward privatization," the report
+concluded.
+    Fannie Mae operated as a part of the federal government
+from the time it was created in 1938 until 1968, when it was
+rechartered by Congress and put under private ownership with
+government backing.
+    However, "it was always intended that FNMA would eventually
+become fully private," the HUD report said.
+    Fannie Mae's critics, including some Reagan administration
+officials espousing a free-market philosophy, say government
+sponsorship of the agency allows it to compete unfairly with
+private lenders and investors.
+    But its backers claim mortgage rates would be pushed up as
+higher agency costs were eventually passed on to home buyers.
+    Fannie Mae was created by Congress to make capital
+available for housing by buying mortgages from lenders and
+packaging them as securities to sell investors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8260" NEWID="19932">
+<DATE>29-JUN-1987 17:09:06.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2613&#31;reute
+d f AM-OZONE   06-29 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE RESOLUTION URGES TREATY TO PROTECT OZONE</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The House of Representatives passed a
+resolution urging President Reagan to negotiate a world-wide
+treaty to reduce the use of chlorofluorocarbons which are
+depleting the earth's ozone layer.
+    Chlorofluorocarbons are chemicals used in aerosol sprays,
+refrigeration, air conditioning, foam insultation, fire
+extinguishers and cleaning solvents. They were banned in the
+United States and Canada in 1978, but are still widely used in
+Europe and Japan.
+   
+    The ozone layer of the atmosphere protects the earth
+against ultraviolet radiation from the Sun.
+    Scientists have warned that if chlorofluocarbons continue
+to deplete the ozone layer, the additional ultraviolent
+radiation striking the earth will cause a higher rate of skin
+cancer.
+    The non-binding resolution was passed by voice vote.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8261" NEWID="19933">
+<DATE>29-JUN-1987 17:10:35.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2622&#31;reute
+d f BC-ADVANCED-INSTITUTIONA   06-29 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVANCED INSTITUTIONAL &lt;AIMS.O> YEAR LOSS</TITLE>
+<DATELINE>    SYOSSET, N.Y., June 29 - 
+    </DATELINE><BODY>Shr loss 79 cts vs profit 30 cts
+    Net loss 2.1 mln dlrs vs profit 675,935 dlrs
+    Revs 5.5 mln dlrs vs 9.1 mln dlrs
+    Note:the year ended March 31. The company's full name is   
+ Advanced Institutional Management Software Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8262" NEWID="19934">
+<DATE>29-JUN-1987 17:10:57.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2623&#31;reute
+u f BC-MOODY'S-AFFIRMS-NATIO   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S AFFIRMS NATIONAL CITY CORP &lt;NCTY> DEBT</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed National City Corp's long-term debt ratings and those
+of its major subsidiaries, National City Bank and BancOhio
+National Bank. Some 200 mln dlrs of issues are affected.
+    Moody's action followed the announcement by National City
+Corp that it would add a special provision of 55 mln dlrs to
+its loan loss reserve, primarily reflecting developing country
+loan exposure.
+    Affirmed are the A-1 rating on National City's senior
+notes, the AA-2 rating on National City Bank for long-term
+deposits and the A-1 BankOhio long-term deposit rank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8263" NEWID="19935">
+<DATE>29-JUN-1987 17:11:37.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2629&#31;reute
+d f BC-KELLWOOD-&lt;KWD>-BUYING   06-29 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KELLWOOD &lt;KWD> BUYING THREE COMPANIES</TITLE>
+<DATELINE>    ST. LOUIS, June 29 - </DATELINE><BODY>Kellwood Co said it signed a
+definitive agreement to acquire Robert Scott Ltd Inc, David
+Brooks Ltd Inc and Andrew Harvey Ltd of Dedham, Mass.
+    Terms were not disclosed.
+    Combined sales of the three companies in 1986 were over 50
+mln dlrs, it said. The deals are expected to be completed by
+July 31, Kellwood said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8264" NEWID="19936">
+<DATE>29-JUN-1987 17:14:13.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2635&#31;reute
+b f BC-BANK-OF-NEW-YORK-&lt;BK>   06-29 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW YORK &lt;BK> DEBT AFFIRMED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Moody's Investors Service Inc said it
+affirmed 1.2 billion dlrs of debt of The Bank of New York Co
+Inc and units.
+    Affirmed were the parent's A-1 senior notes and preferred
+stock, A-2 subordinated capital notes and prime-1 commercial
+paper. Also affirmed were The Bank of New York's Aa-2 long-term
+deposits and prime-1 short-term obligations.
+    Moody's cited the firm's announced 135 mln dlr addition to
+the loan loss reserve as a reflection of exposure to borrowers
+in less-developed countries. The addition adjusts the firm's
+financial statements to reflect economic reality, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8265" NEWID="19937">
+<DATE>29-JUN-1987 17:15:31.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2637&#31;reute
+u f BC-BELL-CANADA-&lt;BCE>-UNI   06-29 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL CANADA &lt;BCE> UNIT DETAILS RATE REDUCTIONS</TITLE>
+<DATELINE>    OTTAWA, June 29 - </DATELINE><BODY>Bell Canada, owned by Bell Canada
+Enterprises Inc, said it will reduce long distance rates in
+Canada by an average of between two and eight pct, in line with
+a ruling by Canadian regulators.
+    The company said it does not expect any change to net
+revenues.
+    The company said it will cut rates for calls within 
+Ontario, Quebec and parts of the Northwest Territories by an
+average of between two and three pct and by an average eight
+pct for other parts of Canada, effective Wednesday.
+   
+    The changes will decrease the charges for longer distances
+and increase shorter distance rates, Bell Canada said.
+    The Canadian Radio-television and Telecommunications
+Commission ordered Bell Canada to reduce its phone rates
+because it said the company, which has a monopoly in certain
+areas, was making more than the allowable rate of return.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8266" NEWID="19938">
+<DATE>29-JUN-1987 17:17:35.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2642&#31;reute
+f f BC-FIRST-REPUBLICB   06-29 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST REPUBLICBANK CORP SAID IT WILL ADD 325 MLN DLRS TO
+LOAN LOSS RESERVES
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8267" NEWID="19939">
+<DATE>29-JUN-1987 17:18:51.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2649&#31;reute
+f f BC-A.H.-ROBINS-SAY   06-29 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>A.H. ROBINS SAYS RORER GROUP MERGER PROPOSAL MERITS
+FURTHER CONSIDERATION
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8268" NEWID="19940">
+<DATE>29-JUN-1987 17:19:07.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2650&#31;reute
+u f BC-SENATE-REPUBLICANS-BA   06-29 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE REPUBLICANS BACK HINEMAN FOR CFTC POST</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>Two leading Senate Republicans have
+urged the White House to name Commodity Futures Trading
+Commission (CFTC) Commissioner Kalo Hineman to replace outgoing
+Chairman Susan Phillips, congressional sources said.
+    Senate Republican leader Robert Dole (R-Kan.) and Sen.
+Richard Lugar (R-Ind.), ranking minority member on the Senate
+Agriculture Committee, both have endorsed Hineman for the top
+CFTC post, the sources said.
+    In addition, Lugar has urged White House Chief of Staff
+Howard Baker to recommend Mark Sullivan, White House associate
+personnel director, as CFTC commissioner, they said.
+    Phillips's departure July 24 will create a vacancy on the
+five-person commission and require the White House to appoint a
+new chairman.
+    Earlier this month, Sullivan emerged as a leading candidate
+to replace Phillips, according to industry and congressional
+sources.
+    But Sullivan's lack of experience in commodity markets has
+been cited as a liability by industry representatives.
+    Hineman, a Kansas farmer, has drawn support from Dole and
+other members of the congressional Agriculture Committees who
+are eager to have farming interests well represented on CFTC.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8269" NEWID="19941">
+<DATE>29-JUN-1987 17:22:35.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2659&#31;reute
+u f BC-S/P-UPGRADES-HERITAGE   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P UPGRADES HERITAGE COMMUNICATIONS &lt;HCI> DEBT</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Standard and Poor's Corp said it
+upgraded Heritage Communications Inc's senior debt to BB-minus
+from B-plus and subordinated debt to B from B-minus. About 400
+mln dlrs of debt is affected.
+    S and P also said that Tele-Communications Inc's
+preliminary BB-minus rating on a 250 mln dlr shelf registration
+of debt and B rating on 505 mln dlrs of subordinated debt are
+affirmed.
+    The rating agency said the action reflects the acquisition
+of Heritage by Tele-Communications, subject to a June 30 vote
+by Heritage shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8270" NEWID="19942">
+<DATE>29-JUN-1987 17:23:20.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2660&#31;reute
+r f BC-MITSUBISHI-SEMICONDUC   06-29 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MITSUBISHI SEMICONDUCTOR PLANS U.S. EXPANSION</TITLE>
+<DATELINE>    DURHAM, N.C., June 29 - </DATELINE><BODY>Mitsubishi Semiconductor America
+Inc, a subsdiary of &lt;Mitsubishi Electric Corp>, said it plans
+to invest  36 mln dlrs to expand its Durham, N.C. semiconductor
+operation.
+    The company said it will build a building adjacent to the
+company's memory chip assembly plant and test center in N.C.
+The expansion will allow the subsidiary to fabricate the
+silicon wafers used in producing Application Specific
+Integrated Circuits (ASIC) chips, the company said.
+    Construction is expected to begin in July, with operations
+planned to start in early 1988, the company added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8271" NEWID="19943">
+<DATE>29-JUN-1987 17:23:56.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2661&#31;reute
+r f BC-DIGITAL-COMMUNICATION   06-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL COMMUNICATIONS &lt;DCAI.O> BUYS FOX UNIT</TITLE>
+<DATELINE>    ALPHARETTA, Ga., June 29 - </DATELINE><BODY>Digital Communications
+Associates Inc said it agreed with Fox Technology Inc &lt;FOXT.O>
+to buy its Fox Research Inc unit for a cash payment and the
+assumption of liabilities of around 10 mln dlrs.
+    The company said part of the agreement includes payment of
+up to an additional 6.5 mln dlrs based on the performance of
+the unit in the year following the closing.
+    The company said the deal is expected to be closed in
+mid-August.
+    Fox Research develops, makes and markets local area
+networks for personal computers.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8272" NEWID="19944">
+<DATE>29-JUN-1987 17:28:28.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f2668&#31;reute
+r f AM-gore   06-29 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATOR GORE ENTERS PRESIDENTIAL RACE</TITLE>
+<DATELINE>    CARTHAGE, Tenn., June 29 - </DATELINE><BODY>Tennessee Senator Albert Gore,
+seeking to become the youngest president in U.S. history,
+entered the 1988 presidential race today with a pledge to
+return respect for the law and common sense to the White House.
+    Gore, a four-term member of the House of Representatives
+and a Senator since 1985, became the sixth official entrant in
+the race for the Democratic nomination.
+    Public opinion polls show him running near the bottom
+against the other declared candidates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8273" NEWID="19945">
+<DATE>29-JUN-1987 17:30:36.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2669&#31;reute
+u f BC-S/P-REVIEWS-REICHHOLD   06-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P REVIEWS REICHHOLD CHEMICALS &lt;RCI> RATING</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Standard and Poor's Corp said it has
+placed Reichhold Chemicals Inc's BBB-minus rated subordinated
+debt on Creditwatch with developing implications following
+Dainippon Inc and Chemicals Inc's unsolicited bid for
+Reichhold. About 60 mln dlrs of debt is affected.
+    S and P said that, if Dainippon is successful, it is likely
+to discontinue its surveillance of Reichhold's debt, since
+sufficient credit information probably will not be available. A
+similar approach exists with respect to Polychrome Corp, which
+was acquired by Dainippon several years ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8274" NEWID="19946">
+<DATE>29-JUN-1987 17:31:39.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2670&#31;reute
+b f BC-/A.H.-ROBINS-&lt;QRAH>-T   06-29 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A.H. ROBINS &lt;QRAH> TO CONSIDER RORER OFFER</TITLE>
+<DATELINE>    RICHMOND, Va., June 29 - </DATELINE><BODY>A.H. Robins Co said its board
+has concluded that the merger proposal submitted by Rorer Group
+Inc &lt;ROR> merits further consideration.
+    At the request of the board, Rorer has agreed to extend
+until 1800 EDT July 2 its deadline for response from A.H.
+Robins.
+    After Rorer announced its second bid for the company last
+Thursday, analysts forecast that the Robins family, which holds
+control of the company, would vigourously oppose any merger.
+    But, the analysts added, that Robins desire to emerge
+independent from two years of bankruptcy proceedings may be
+thwarted by some Robins' shareholders who perceive a merger as
+a more expedient way of dealing with the company's Dalkon
+Shield related liabilities.
+    After a failed first attempt earlier this year, Rorer's
+latest merger plan calls for a share swap worth about 720 mln
+dlrs.
+    Rorer would also set up two trusts to cover the estimated
+1.75 billion dlrs in liabilities to deal with about 320,000
+claims by women who suffered maladies from the use of the
+Dalkon Shield interuterine device.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8275" NEWID="19947">
+<DATE>29-JUN-1987 17:33:44.76</DATE>
+<TOPICS><D>trade</D><D>grain</D><D>rice</D><D>cotton</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2675&#31;reute
+u f AM-PAKISTAN-TRADE   06-29 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAKISTAN UNVEILS NEW TRADE POLICY TO BOOST EXPORTS</TITLE>
+<DATELINE>    ISLAMABAD, June 29 - </DATELINE><BODY>Pakistani government allowed freer
+cotton and rice export in a three-year new trade policy aimed
+at narrowing the country's yawning trade gap.
+    Commerce and Planning Minister Mahbubul Haq said in a
+televised speech the government had also decided to allow
+duty-free import of cotton yarn to make the textile industry
+more competitive, and to link bulk tea imports to the export of
+Pakistani products.
+   
+    Cotton and rice are Pakistan's main exports, which have
+been handled exclusively by state corporations since early
+1970s.
+    But Haq said now the private sector would also export
+cotton and rice along with the corporations, which meets a
+long-standing demand of the local traders.
+    The duty-free import of cotton yarn has been allowed to
+bring down prices and help the local ancillary industries
+compete effectively in the world market, he said.
+   
+    Haq said the new policy, effective from the fiscal year
+1987/88 beginning on July 1, would be for three years but
+reviewed every year.
+    It was a departure from the previous practice of announcing
+trade policies for a single fiscal year, and Haq said it would
+enable the businessmen to plan their market strategies over a
+longer period.
+    He said an export credit of 250 mln dlrs had been provided
+for the export of engineering goods to selected third world
+countries on soft credit terms.
+   
+    Pakistan's 1986/87 exports at 3.6 billion dlrs, 18.2 per
+cent more than in the previous year, and imports at 5.23
+billion dlrs compared to 5.63 billion dlrs in 1985/86.
+    He said the government policy was to rationalise and
+streamline import controls.
+    "It has been observed that due to restrictions on imports,
+specially on raw materials and intermediate goods, local
+industry has been suffering for want of necessary inputs," he
+said. "Prices have been on the increase and quality of goods
+produced has been low. This restrictive policy also gave rise
+to smuggling and hampering of exports."
+   
+    He said that to correct this situation, 136 items had freed
+from import restrictions.
+    Previously, Pakistan has met its trade gap largely from
+remittances from its nationals working abroad, mainly in the
+Gulf. However, the remittances have begun to fall after the
+drop in oil prices in recent years leading to the spectre of a
+balance of payments crisis for Pakistan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8276" NEWID="19948">
+<DATE>29-JUN-1987 17:37:37.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A 
+&#22;&#22;&#1;f2687&#31;reute
+u f BC-FIRST-REPUBLIC-&lt;FRB>   06-29 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST REPUBLIC &lt;FRB> ADDS TO LOAN LOSS RESERVE</TITLE>
+<DATELINE>     DALLAS, June 29 - </DATELINE><BODY>First RepublicBank Corp said it will add
+325 mln dlrs to its loan loss reserve for the second quarter.
+     The company said the move, which is being made to cover
+loans to developed countries, will result in a loss of around
+313 mln dlrs in the second quarter ending June 30.
+    First RepublicBank Corp said the increase in its loan loss
+reserve will lead to a loss for the full year. Figures for last
+year are unavailable as the bank was formed in June this year
+after a merger of two Dallas-based banks, RepublicBank Corp and
+InterFirst Corp.
+    The company said the 325 mln dlrs provision will increase
+its reserve to 1.1 billion dlrs, out of which it will allocate
+275 mln dlrs to cover its loans to 18 developing countries.
+    The company said it took the action in light of recent
+action taken by other major banking organizations on developing
+country loans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8277" NEWID="19949">
+<DATE>29-JUN-1987 17:46:17.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A 
+&#22;&#22;&#1;f2707&#31;reute
+u f BC-LIMITED-IMPACT-SEEN-F   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LIMITED IMPACT SEEN FROM U.S. TAX ACCORD ACTION</TITLE>
+<AUTHOR>    By Kenneth Barry, Reuters</AUTHOR>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>A U.S. decision ending a forty-year
+tax treaty covering the Netherlands Antilles was unlikely to
+have a major impact on the Eurobond market, tax experts said.
+    Most U.S. firms stopped using financial subsidiaries
+incorporated in the Netherlands Antilles to sell to the
+Eurobond market in July, 1984, the experts said.
+    But the decision affects Eurobonds issued before July 1984
+involving principal worth an estimated 30 billion dlrs and will
+probably mean those bonds will be called before their maturity
+date, they said.
+    Since most of the bonds are currently trading at a premium,
+calling them in early will mean a loss in market value for the
+bondholders, according to a Treasury official who asked not to
+be identified.
+    The official said the Treasury Department was currently
+unsure about the impact of the move on the Eurobond market.
+    "We are monitoring the situation and receiving reports from
+investors and issuers," the official said.
+    Earlier, the Treasury said it notified the Netherlands of
+the termination of the treaty effective January 1, 1988.
+    For years, U.S. firms seeking to avoid a 30 pct withholding
+tax used financial subsidiaries incorporated in the Netherlands
+Antilles to sell Eurobonds, which are bonds issued abroad by an
+overseas financial subsidiary.
+    But most companies have since taken advantage of a 1984
+change in the law known as the exemption for portfolio interest
+that allows them to sell directly in the Eurobond market and
+avoid the withholding tax.
+    The 1984 tax change sharply reduced the number of U.S.
+companies using the Netherlands Antilles to sell Eurobonds,
+said Steven Hannes of accounting firm Touche Ross and Co.
+    Ending the tax treaty will mean that some foreigners
+investing in the U.S. through the Netherlands Antilles will
+lose tax benefits and probably change their portfolios, Hannes
+said.
+    He said the decision would mainly affect foreign investors
+who sought tax advantages because they reside in countries
+which do not have a tax treaty with the United States.
+    These investors typically reside in countries in the Middle
+East, Central and South America, he said.
+    Some of them may withdraw their U.S. investments or seek
+tax relief through the Netherlands itself or Switzerland, but
+the choices are limited, Hannes said.
+    "It is conceivable their investment may stay here. They
+would bear some of the tax that has not been borne in the
+past," Hannes said.
+    U.S. domestic bonds are not affected by the change.
+    U.S. companies with Eurobonds issued through the
+Netherlands Antilles are expected to call them early to avoid
+the tax liability, a Treasury Department spokesman said. But
+they could refinance at lower rates because of the general
+decline in interest rates, so the Department does not expect
+U.S. firms to be hurt by the decision, the spokesman said.
+Negotiations between the United States and the Netherlands
+continued without success since the late 1970's. The
+differences centered on U.S. concern over residents of third
+countries avoiding U.S. taxes by using the treaty with the
+Netherlands Antilles.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8278" NEWID="19950">
+<DATE>29-JUN-1987 17:46:38.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A 
+&#22;&#22;&#1;f2708&#31;reute
+r f BC-CITICORP-&lt;CCI>-SAVING   06-29 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITICORP &lt;CCI> SAVINGS EXTENDS CALIFORNIA REACH</TITLE>
+<DATELINE>    OAKLAND, Calif, June 29 - </DATELINE><BODY>Citicorp has extended its reach
+into the California market with Citicorp Savings' acquisition
+of 50 of Sears Roebuck's &lt;S> Sears Savings Bank branches,
+bringing its presences to 143 branches in 101 communities,
+CitiCorp Savings said.
+    Thrift industry analysts said the move, approved by the
+Federal Reserve board today, is a plus for Citicorp and shows
+its serious intent to penetrate the California market.
+    The acquisition mostly extends Citicorp's reach into
+Southern California, where 34 of the 50 branches are located.
+Citicorp Savings was predominantly in Northern California.
+    "This marks our first major expansion in California,
+particularly in the south," said Citicorp Savings President
+Edward Valencia, in a statement.
+    Thrift industry sources said they do not see a major
+near-term impact on the Southern California thrift market, but
+do expect Citicorp to be a more aggressive competitor than
+Sears was in that market.
+    "We do believe they will be a better competitor than
+Sears," said James Stutz, Executive Vice President of Home
+Federal Savings and Loan Association &lt;HFD>, based in San Diego.
+    Banking industry sources said the move is viewed as
+groundwork, to establish Citicorp throughout the California
+market, well before the 1991 law change that will allow it to
+operate as a bank in the state. They said Citicorp is likely to
+convert the branches to banks at that time.
+    In the near-term, however, analysts said with seven billion
+dlrs in assets, Citicorp Savings is still not a major force in
+the thrift market, against such large California thrifts as
+Home Federal, Great Western Financial Corp &lt;GWF>, H F Ahmanson
+and Co &lt;AHM>, Golden West  Financial &lt;GWD> and Great American
+First Savings Bank &lt;GTA>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8279" NEWID="19951">
+<DATE>29-JUN-1987 17:47:04.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>imf</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2711&#31;reute
+r f BC-IMF-APPROVES-48-MLN-D   06-29 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IMF APPROVES 48 MLN DLR LOAN TO ASSIST ECUADOR</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The International Monetary Fund said
+it approved a 48 mln dlr loan to assist Ecuador in meeting its
+foreign exchange needs following the earthquakes that struck in
+March.
+    The loan, which the IMF provides countries under special
+circumstances, is equal to 25 pct of Ecuador's quota, or
+economic standing, in the Fund.
+    The IMF said that according to recent estimates, the
+earthquakes will hurt the country's balance of payments this
+year because of the loss of oil revenues due to destruction of
+part of the oil pipeline.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8280" NEWID="19952">
+<DATE>29-JUN-1987 17:47:54.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2713&#31;reute
+r f BC-BCI-HOLDINGS-GETS-CON   06-29 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BCI HOLDINGS GETS CONSENT FOR STOCK DISTRIBUTION</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>BCI Holdings Corp said holders of a
+majority of its debt securities approved an amendment
+consenting to a distribution of certain assets of the company,
+clearing the way for BCI's planned reorganization.
+    Under the previously approved reorganization, BCI will be
+divided into two companies, including a newly-formed, publicly
+held non-food company, E-II Holdings Inc. BCI Holdings, which
+acquired Beatrice Cos Inc in April 1986, will remain a
+privately-held, primarily food company.
+    Consent of the debt securities holders was necessary to
+distribtute shares of E-II common stock plus 57.4 cts a share
+to BCI shareholders and warrant holders, BCI said. Shares will
+be distributed when a registration statement with the
+Securities and Exchange Commission becomes effective.
+    Holders of 11 pct Ten Year Senior Notes who consented to
+the amendments will receive 12.50 dlrs in cash for each 1,000
+dlrs principal amount of debt securities. Consenting holders of
+the other three issues of debt securities will receive 10 dlrs
+in cash per 1,000 dlrs principal amount, BCI said. Total
+principal amount outstanding is 2.5 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8281" NEWID="19953">
+<DATE>29-JUN-1987 17:48:50.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2716&#31;reute
+r f BC-STAR-TECHNOLOGIES-&lt;ST   06-29 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STAR TECHNOLOGIES &lt;STTX.O> REVISES 4TH QTR NET</TITLE>
+<DATELINE>    STERLING, Va., June 29 - </DATELINE><BODY>Star Technologies Inc said that a
+settlement of a 1985 shareholder lawsuit has produced a 1.3 mln
+dlr charge, which the company recorded in its fourth quarter
+earnings.
+    The company said it will pay the settlement with company
+stock, subject to court approval.
+    To reflect the settlement, therefore, the company said it
+has revised its fiscal fourth quarter, ended March 31, earnings
+by 1.3 mln dlrs, or nine cts per share on a primary basis.
+    As such, the company said it is recording a net loss of
+580,000 dlrs, or four cts a share, versus the net income of
+740,000 dlrs previously reported.
+    For the year to date ended March 31, net income was reduced
+to 1.4 mln dlrs, from the 2.7 mln dlrs previously reported on
+May 28.
+    The class action suit, filed in a federal district court,
+charged the company with various violations of federal
+securities laws with regards to the company's initial public
+offering in December, 1984 and certain subsequent filings.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8282" NEWID="19954">
+<DATE>29-JUN-1987 17:54:54.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2727&#31;reute
+u f BC-INDIANA-NATIONAL-&lt;INA   06-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIANA NATIONAL &lt;INAT.O> SEES 2ND QTR LOSS</TITLE>
+<DATELINE>     INDIANAPOLIS, June 29 - </DATELINE><BODY>Indiana National Corp said it
+expects a loss of four mln dlrs for the second quarter ending
+June 30, against a profit of eight mln dlrs in the same year
+ago period.
+    The company said this will result from an addition of 23
+mln dlrs to its foreign loan reserves in tandem with banking
+industry action.
+    It said it expects a loss for the first six months of eight
+mln dlrs. This compares with a profit of 17.3 mln dlrs in the
+first six months of last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8283" NEWID="19955">
+<DATE>29-JUN-1987 17:57:11.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2732&#31;reute
+u f BC-CONTEL-&lt;CTC>-UNIT-SAL   06-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTEL &lt;CTC> UNIT SALES SEEN BY ANALYSTS</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Contel Corp's telecommunications
+equipment unit is the most likely candidate for sale by the
+Atlanta-based telecommunications company, Wall Street analysts
+said.
+    "Executone is at the top of the list," said one analyst,
+referring to Contel's loss-riden telecommunications equipment
+unit. "The question is, who would take it?" he added.
+    The company, forecasting a 15 pct drop in 1987 operating
+earnings over last year, said late today that it is reviewing
+all operations in an effort aimed at "maximizing long-term
+stockholder value."
+    Analysts also said Contel's federal systems division, which
+has been hit with several executive defections, may also be put
+on the block.
+    Contel officials declined to comment on the possibility of
+selling any operations. However, the company indicated in a
+statement that it was closely evaluating the telecommunications
+and federal systems units.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8284" NEWID="19956">
+<DATE>29-JUN-1987 17:59:48.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2736&#31;reute
+r f BC-belmoral-sets-26-mln   06-29 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELMORAL &lt;BME.TO> SETS 26 MLN DLR UNIT ISSUE</TITLE>
+<DATELINE>    TORONTO, June 29 - </DATELINE><BODY>Belmoral Mines Ltd said it agreed in
+principle for the 26 mln dlr sale of four mln units priced at
+6.50 dlrs each to investment dealer McLeod Young Weir Ltd,
+subject to board and regulatory approvals.
+    Holders will be allowed to exchange the units after
+September 15, 1987 for one common share and one common share
+purchase warrant of Belmoral, the company said.
+    Each warrant holder will have the right to purchase one
+Belmoral common share for 8.50 dlrs before January 15, 1990.
+McLeod Young Weir plans to resell the units to institutional
+and private investors, mainly in Europe, Belmoral said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8285" NEWID="19957">
+<DATE>29-JUN-1987 18:00:11.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2737&#31;reute
+r f BC-ROYAL-GOLD-AND-SILVER   06-29 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROYAL GOLD AND SILVER CORP &lt;RGS.TO> SIX MTHS NET</TITLE>
+<DATELINE>    TORONTO, June 29 - 
+    </DATELINE><BODY>Shr profit two cts vs loss two cts
+    Net profit 123,000 vs loss 104,000
+    Revs 12.5 mln vs nil
+    Note: 1987 period includes 112,000 dlr extraordinary gain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8286" NEWID="19958">
+<DATE>29-JUN-1987 18:01:55.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2738&#31;reute
+u f BC-SCOTT-PAPER-&lt;SPP>-SEE   06-29 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT PAPER &lt;SPP> SEES IMPROVED EARNINGS</TITLE>
+<AUTHOR>    By Gary Seidman, Reuters</AUTHOR>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Scott Paper Co, one of the leaders in
+the tissue and coated paper business, said it expects 1987
+earnings to be between 5.75 dlrs and 6.25 dlrs a share, within
+the range proscribed by most Wall Street analysts.
+    "We have put together five or six years of pretty
+respectable growth and three consecutive years of record
+earnings and I see no reason why this growth pattern should be
+interrupted," Scott's chairman and chief executive officer
+Philip Lippincott told Reuters in an interview.
+    Last year, the company reported earnings of 4.96 dlrs a
+share, reflecting the impact of a a strike at its Mobile,
+Alabama, plant.
+    Earlier today, Lippincott outlined his bullish growth
+scenario for analysts, emphasizing that the company is dealing
+with the growing capacity in the industry by developing new
+products and modernizing plants. He said that capacity
+increases in the industry, particularly tissue paper, have
+stymied price hikes but Scott has boosted sales by providing
+more distinctive products that meet the needs of consumers.
+    "Scott Paper has shown tremendous growth in the last five
+years, but I think that improvement is largely unappreciated by
+the market," said analyst Sherman Chao of Salomon Brothers who
+noted that the stock is selling at a relatively low
+price/earnings ratio.
+    "They have been striving for a return on equity of 14 to 17
+pct, but today they were talking about a much higher objective.
+They are raising their financial objectives," Chao said.
+    Sales of consumer products increased about four pct last
+year and showed growth of about five pct pace in the first
+quarter, eclipsing the overall industry wide sales pace of less
+than two pct, Lippincott said.
+    "The most favorable thing I came away with today is that
+their Sommerset, Maine, plant which makes number four coated
+paper, is sold out through September. That means their coated
+paper business is looking particularly good," said Lawrence
+Ross of PaineWebber Group Inc.
+   
+    Analyst George Adler of Smith Barney was equally
+optimistic. "They don't have anything that is going to set the
+world on fire right now but I am at a loss to find anything
+negative either," Adler said.
+    He said Scott Paper is continuing to gain market share by
+emphasizing their strategy and developing distinctive products.
+    Lippincott also noted that the company stands to gain from
+the depressed level of the dollar. "The bottom line impact of a
+lower dollar was about 15 cts a share in 1986, and we could
+have a similar impact this year," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8287" NEWID="19959">
+<DATE>29-JUN-1987 18:13:22.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2747&#31;reute
+u f BC-CDC-LIFE-SCIENCES-&lt;LS   06-29 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CDC LIFE SCIENCES &lt;LSI.TO> STAKE SOLD</TITLE>
+<DATELINE>    TORONTO, June 29 - </DATELINE><BODY>Canada Development Corp &lt;CDC.TO> said it
+agreed to sell its 25.2 pct interest in CDC Life Sciences Inc
+to Caisse de depot et placement du Quebec, the provincial
+pension fund manager, and Institut Merieux, a French biological
+laboratory company, for 169.2 mln dlrs.
+    It said the caisse and Institut Merieux will each buy 2.75
+mln common shares of the company for 30.76 dlrs a share.
+    It said following the transaction the caisse will hold
+about 19.3 pct of CDC Life Sciences. Canada Development said
+the purchasers do not plan to acquire the remaining
+publicly-held shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8288" NEWID="19960">
+<DATE>29-JUN-1987 18:26:16.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2763&#31;reute
+u f BC-BRISTOL-MEYERS-&lt;BMY>   06-29 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRISTOL MEYERS &lt;BMY> LOSES AIDS TESTS CASE</TITLE>
+<DATELINE>    CHICAGO, June 29 - </DATELINE><BODY>A U.S. judge denied Bristol Meyers Inc's
+request to halt Abbott Laboratories' &lt;ABT> planned supply of
+AIDS tests to the Red Cross, a spokeswoman for Abbott said.
+    Judge Joyce Hens Green of the U.S. District Court in
+Washington, D.C., rejected Bristol Meyers' request for a
+temporary restraining order against Abbott's contract, set to
+begin July one, to supply the AIDS tests, and tests for
+hepatitis, to be used on blood donated to the Red Cross, the
+spokeswoman said. She could not immediately provide Green's
+reasons for the ruling. A Bristol Meyers spokesman was not
+immediately available for comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8289" NEWID="19961">
+<DATE>29-JUN-1987 18:29:06.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2764&#31;reute
+r f BC-APL-CORP-SELLS-1.3-ML   06-29 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APL CORP SELLS 1.3 MLN SHARES OF POREX &lt;PORX.O></TITLE>
+<DATELINE>    MIAMI, Fla., June 29 - </DATELINE><BODY>APL Corp said it sold 1,250,000
+shares of Porex Technologies Corp it owned for 40.6 mln dlrs
+and, pending federal approval, will use the proceeds to buy 1.5
+mln shares and certain notes of Fischbach Corp &lt;FIS> that APL's
+Pennsylvania Engineering Corp affiliate owns.
+    Victor Posner is chairman of APL and Pennsylvania
+Engineering. After buying the Fischbach shares, API said it
+will own about 54.3 pct of Fischbach's voting securities
+assuming conversion of all convertible debentures held by APL.
+   
+    APL said it planned to buy the Fischbach shares from
+Pennsylvania Engineering at market value and to use proceeds to
+make a secured demand loan to Pennsylvania Engineering.
+    APL said it planned to purchase 470,000 dlrs principal
+amount of Fischbach's 8-1/2 convertible subordinated debentures
+and 4.5 mln dlr 4-3/4 pct convertible subordinated debentures.
+APL also said that Pennsylvania Engineering and the holders of
+Pennsylvania Engineering's senior notes and senior secured
+notes in a face amount of about 56 mln dlrs  also agreed that
+proceeds received from the sale of Fischbach notes and stock
+will be used to fully satisify its oligations under the notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8290" NEWID="19962">
+<DATE>29-JUN-1987 18:31:52.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2765&#31;reute
+u f BC-CYCLOPS-&lt;CYL>-HOLDERS   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CYCLOPS &lt;CYL> HOLDERS APPROVE DIXONS MERGER</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>Dixons Group Plc said shareholders at a
+special meeting of Cyclops Corp approved the previously
+announced merger of Cyclops with Dixons.
+    Under the terms of the merger, Dixons said the remaining
+public Cyclops shareholders are to receive 95 dlrs a share.
+    Dixons also said the previously announced sale of Cyclops
+steel and nonresidential construction businesses to a former 
+Alleghany Corp &lt;Y> subsidiary is expected to be completed June
+30. After the sale, Cyclops will retain its specialty retailing
+business and change its name to Silo Inc, said Dixons.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8291" NEWID="19963">
+<DATE>29-JUN-1987 18:32:12.42</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f2766&#31;reute
+u f BC-STE-GENEVIEVE-UPS-OFF   06-29 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STE-GENEVIEVE UPS OFFER FOR SULLIVAN &lt;SUM.TO></TITLE>
+<DATELINE>    MONTREAL, June 29 - </DATELINE><BODY>Ste-Genevieve Resources Ltd said it
+increased its cash takeover bid for Sullivan Mines Inc shares
+to 7.25 dlrs a share. It did not give the original bid.
+    The offer is for a minimum five mln common shares and a
+maximum six mln shares, the company said.
+    It gave no further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8292" NEWID="19964">
+<DATE>29-JUN-1987 18:36:45.14</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2768&#31;reute
+u f BC-U.S./SOVIET-GRAIN-MEE   06-29 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S./SOVIET GRAIN MEETING UNLIKELY THIS SUMMER</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>Prospects appear slim for a summer
+meeting between U.S. and Soviet officials before the two
+countries enter the final year of their bilateral grains
+agreement, Agriculture Department officials said.
+    The two sides usually try to meet as each new year of the
+agreeement approaches although the last meeting was delayed up
+to last February. However, any delay this year should not
+endanger the fifth year of the grains agreement that extends
+through September, 1988, USDA officials said.
+    "It will be difficult to pull together the people for the
+meeting during July," an aide to USDA undersecretary Daniel
+Amstutz said.
+    Since the last meeting was only around four months ago, the
+next talks could still be a "couple more months," he said.
+   
+    There has been grain industry speculation that the USDA
+will offer Moscow another wheat subsidy during the next
+marketing year. But USDA officials said even if consultations
+were held soon a subsidy offer would probably not be made.
+    "I doubt that there would be any subsidy offer this summer
+or before the next agreement year begins," a USDA source said.
+    Citing limited subsidy funds and uncertainties about next
+year's crops, he said, "There are too many variables now. It
+would be uncharacteristic of us to make an offer now."
+    Under the nonbinding pact, Moscow has agreed to purchase a
+minimum of nine mln tonnes of U.S. grain per year. Soviet and
+U.S. officials normally meet in the summer before the start of
+a new agreement year to discuss grain quality, shipping
+logistics and production outlooks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8293" NEWID="19965">
+<DATE>29-JUN-1987 18:38:00.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2771&#31;reute
+f f BC-GE-CREDIT-SAYS   06-29 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GE CREDIT SAYS IT WILL BUY KRAFT INC'S D AND K FINANCIAL
+CORP
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8294" NEWID="19966">
+<DATE>29-JUN-1987 18:39:48.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2773&#31;reute
+r f BC-WALL-AND-REDEKOP-CORP   06-29 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL AND REDEKOP CORP &lt;WRK.TO> THREE MTHS NET</TITLE>
+<DATELINE>    VANCOUVER, June 29 -
+    </DATELINE><BODY>Shr five cts vs one ct
+    Net 299,869 vs 54,775
+    Revs 5.7 mln vs 5.2 mln
+    Note: period ended April 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8295" NEWID="19967">
+<DATE>29-JUN-1987 18:40:43.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2774&#31;reute
+r f BC-ALZA-CORP-&lt;AZA>-SETS   06-29 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALZA CORP &lt;AZA> SETS CONTAMINATION PLAN</TITLE>
+<DATELINE>    PALO ALTO, Calif, June 29 - </DATELINE><BODY>ALZA Corp said it has notified
+the State of California Regional Water Quality Control Board of
+a plan to remedy groundwater and soil contamination it detected
+at a site in Stanford Research Park.
+    A preliminary water sample showed water apparently
+contaminated some years ago with the industrial solvent
+chloroform. The company said the contamination does not affect
+drinking water or water used its operations on the site.
+    The plan is expected to cost a maximum of 750,000 dlrs, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8296" NEWID="19968">
+<DATE>29-JUN-1987 18:47:32.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2789&#31;reute
+u f BC-JUSTICE-OPPOSES-QUICK   06-29 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JUSTICE OPPOSES QUICK GREYHOUND-TRAILWAYS MERGER</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The Justice Department said it asked
+the government to proceed cautiously on a plan allowing the
+nation's two largest intercity bus companies to merge their
+operations, a move one of the firms said may derail the deal.
+    Justice's opposition to quick federal approval of a bid by
+Greyhound Lines Inc to take immediate control Trailways Corp
+prompted Greyhound to threaten -- in a brief filed with the
+Interstate Commerce Commission (ICC) -- to drop the merger
+plan.
+    Greyhound officials told Reuters late today the company
+hoped for ICC action on the merger by tomorrow.
+    "Greyhound Lines will go forward with the transaction only
+if it is permitted to assume immediate, unconditional control
+of Trailways' operations and to integrate them with its
+operations," Greyhound said in a filing with the ICC, the
+federal regulatory agency which has the final say over mergers
+of interstate bus companies.
+    But Justice had said in an earlier filing with the ICC that
+it wanted the agency to move slowly on the plan and to turn
+down Greyhound's request to begin operating Trailways
+immediately.
+    "The department has just begun to receive relevant
+information on Trailways' financial condition and is in the
+process of assessing the correctness of the company's
+allegations," acting Assistant Attorney General Charles Rule
+said in comments submitted to the ICC.
+    Greyhound announced June 19 that it wanted the ICC to let
+it begin operating Trailways immediately while continuing to
+evaluate the merger for possible antitrust problems.
+    Greyhound said it would pay 80 mln dlrs for many of
+Trailways' terminals, buses and garages.
+    The two companies said in papers filed with the ICC that
+Trailways "could collapse in a matter of days."
+    They said Trailways owed suppliers more than six mln dlrs,
+with another six mln dlrs due June 30.
+    The suppliers, they said, could force Trailways into
+bankruptcy "at any time."
+    Trailways also owes a consortium of banks 76 mln dlrs, and
+the consortium has threatened to call the loan if Trailways
+fails to pay the interest due June 30, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8297" NEWID="19969">
+<DATE>29-JUN-1987 18:48:11.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2791&#31;reute
+u f BC-NASA-SELECTS-LOCKHEED   06-29 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NASA SELECTS LOCKHEED &lt;LK> FOR SPACE STATION</TITLE>
+<DATELINE>    HOUSTON, June 29 - </DATELINE><BODY>Lockheed Corp said NASA selected it to
+develop and design software for the Space Station in a contract
+with a potential value of more than 200 mln dlrs.
+    Lockheed said the contract will continue into 1993 when
+assembly of the station in a 200-mile earth orbit is scheduled
+to begin.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8298" NEWID="19970">
+<DATE>29-JUN-1987 18:50:29.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f2799&#31;reute
+r f BC-FED-APPROVES-INSURANC   06-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED APPROVES INSURANCE ROLE FOR SOVRAN &lt;SOVN></TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The Federal Reserve Board said it
+approved Sovran Financial Corp's application to retain shares
+in Sovran Insurance Corp of Bethesda, Md.
+    Sovran controls banks in Maryland, Virginia and the
+District of Columbia and last year acquired Suburban Bancorp
+which controlled an insurance subsidiary.
+    Insurance industry trade groups objected to Sovran's
+application, but the Fed ruled that Sovran was entitled to
+retain indirect control over Sovran Insurance under special
+grandfather exemptions to the prohibition against banks
+engaging in insurance under the Garn-St Germain bank law.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8299" NEWID="19971">
+<DATE>29-JUN-1987 18:52:07.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f2801&#31;reute
+r f BC-ELSINORE-&lt;ELS>-SETS-D   06-29 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELSINORE &lt;ELS> SETS DEPOSIT ON BONDS</TITLE>
+<DATELINE>    LAS VEGAS, June 29 - </DATELINE><BODY>Elsinore Corp said it deposited
+5,795,833 dlrs with Manufacturers Hanover Trust Co  the trustee
+of its Elsinore Finance Corp unit's 15-1/2 pct senior mortgage
+bonds due 1999.
+    The deposit represents the balance of accrued and unpaid
+interest on the bonds thorugh June 30, 1986.
+    Elsinore Corp has guaranteed payment on the bonds. Payment
+of this amount, about 50.40 dlrs per 1,000 dlrs principal, will
+be made on July 14 to shareholders of record July 13.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8300" NEWID="19972">
+<DATE>29-JUN-1987 18:52:40.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2803&#31;reute
+s f BC-AMERON-INC-&lt;AMN>-SETS   06-29 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERON INC &lt;AMN> SETS QTLY DIV</TITLE>
+<DATELINE>    MONTEREY PARK, Calif., June 29 -
+    </DATELINE><BODY>Qtly div 24 cts vs 24 cts
+    Pay August 14
+    Record July 24
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8301" NEWID="19973">
+<DATE>29-JUN-1987 18:53:52.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2806&#31;reute
+u f BC-HARCOURT-&lt;HBJ>-SELLS   06-29 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARCOURT &lt;HBJ> SELLS SHARES TO ESOP</TITLE>
+<DATELINE>    ORLANDO, Florida, June 29 - </DATELINE><BODY>Harcourt Brace Jovanovich Inc
+said it sold 4,805,432 shares of its common at 10.25 dlrs a
+share to an employee stock ownership plan as part of its
+previously announced recapitalization plan.
+    Harcourt said the shares sold are not entitled to a special
+dividend previously declared under the plan. It said the shares
+will be entitled to vote at a special meeting of shareholders
+scheduled for July 23.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8302" NEWID="19974">
+<DATE>29-JUN-1987 18:54:54.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2808&#31;reute
+r f BC-/SURVEY-SEES-U.S.-MAN   06-29 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SURVEY SEES U.S. MANUFACTURERS SHIFTING OUTPUT</TITLE>
+<DATELINE>    NEW YORK, June 29 - </DATELINE><BODY>More leading U.S. manufacturers plan to
+increase the proportion of their U.S.-based production
+vis-a-vis their overseas output over the next two years,
+according to a Boston University School of Management survey.
+    The Manufacturing Roundtable 1987 study showed 32 pct of
+manufacturers plan to shift output to their domestic plants
+from their overseas ones, or simply increase the production in
+their U.S. plants.
+    That was up from 19 pct expecting to make that shift in
+1986, and only 12 pct in 1984.
+    The Boston University survey canvassed 207 firms.
+    The largest group of those surveyed, 44 pct, planned no
+changes in their U.S./overseas operations, while 23.7 pct said
+they would boost the ratio of overseas output, the poll said.
+    Jeffrey Miller, professor at the School of Management and
+director of the Roundtable Survey, said that exchange rates
+favored plans toward increased domestic production. But he
+added that increased competitiveness seems to be behind the
+move towards greater production in the United States.
+    "What's peculiar about this group is that it's the most
+successful in terms of profitability, decreasing costs, and
+increasing quality," he told Reuters in an interview.
+    Those companies increasing offshore production are at the
+opposite end of the spectrum, he said, not meeting the
+production goals they set for themselves.
+    He cautioned that the survey was skewed towards large,
+unusually profitable businesses representing a diversity of
+industries and regions. The typical respondent was a large
+manufacturing division with sales of about 200 mln dlrs.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8303" NEWID="19975">
+<DATE>29-JUN-1987 18:56:25.55</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2813&#31;reute
+r f BC-ALLIED-SIGNAL-&lt;ALD>-S   06-29 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL &lt;ALD> SELLS TO SCHLUMBERGER &lt;SLB></TITLE>
+<DATELINE>    MORRIS TOWNSHIP, N.J., June 29 - </DATELINE><BODY>Allied-Signal Inc and
+Schlumberger Ltd jointly announced that Schlumberger had
+acquired Allied-Signal's Neptune International unit. Terms
+weren't disclosed.
+   Atlanta, Ga.-based Neptune, which makes water meters and
+flow measurement equipment, had sales last year of 80 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8304" NEWID="19976">
+<DATE>29-JUN-1987 18:57:22.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f2814&#31;reute
+r f BC-U.S.-BANK-BOARD-TAKES   06-29 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANK BOARD TAKES OVER INSOLVENT THRIFT</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The Federal Home Loan Bank Board said
+it closed down the insolvent United Federal Savings and Loan
+Association of Durant, Okla, and turned its insured deposits
+and other assets and liabilities over to a newly created,
+federally chartered thrift.
+    It said the failed thrift's four offices would reopen
+tomorrow under Bank Board management.
+    United, with assets of 9.31 mln dlrs, was closed because it
+had substantially dissipated its assets and earnings due to
+federal law violations and unsafe and unsound practices, the
+thrift regulatory agency said.
+    The Bank Board faulted the failed thrift for its large
+holdings of substandard loans made in 1984-85 due to "imprudent
+underwriting policies and controls on loans for construction
+and other purposes throughout the United States."
+    It also charged the thrift had violated federal rules
+governing conflicts of interest, loans to a single borrower and
+changes of control.
+    The thrift was the 27th federally insured savings and loan
+to be closed down by the bank board so far this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8305" NEWID="19977">
+<DATE>29-JUN-1987 18:58:00.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2817&#31;reute
+r f BC-AMERICAN-CENTURY-&lt;ACT   06-29 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CENTURY &lt;ACT> COMPLETES REDEMPTION</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, June 29 - </DATELINE><BODY>American Century Corp said
+its Commerce Savings subsidiary received 42.8 mln dlrs in
+complete redemption of certain properties in Aspen, Colo, that
+Commerce foreclosed on in April.
+    American said the amount represents the amount that
+Commerce bid for the properties in the April foreclosure sale
+plus interest since the date of foreclosure.
+    The properties consist of a 12-acre hotel and condominium
+development site at the base of Aspen mountain and other sites.
+They were sold to the former chairman of American Century, John
+Roberts Jr, in January 1985 for 53 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8306" NEWID="19978">
+<DATE>29-JUN-1987 19:04:23.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2823&#31;reute
+u f BC-LENNAR-CORP-&lt;LEN>-2ND   06-29 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LENNAR CORP &lt;LEN> 2ND QTR MAY 31</TITLE>
+<DATELINE>    MIAMI, June 29 -
+    </DATELINE><BODY>Shr 64 cts vs 40 cts
+    Net 5,597,000 vs 3,426,000
+    Revs 83.5 mln vs 47.4 mln
+    Six mths
+    Shr 1.15 dlrs vs 60 cts
+    Net 10 mln vs 5,201,000
+    Revs 147.6 mln vs 91.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8307" NEWID="19979">
+<DATE>29-JUN-1987 19:05:47.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2824&#31;reute
+r f PM-MIDEAST-TANK (SCHEDULED)  06-29 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COULD APPROVE EGYPTIAN M-1A TANK PRODUCTION</TITLE>
+<DATELINE>    WASHINGTON, June 29 - </DATELINE><BODY>The U.S. Defense Department said it
+has given preliminary approval for Egypt to produce the M-1A
+tank, the main battle tank of the United States.
+    The State and Defense Departments said talks were going on
+between the two countries dealing with Egypt's ability to build
+the tank and protect its high technology secrets.
+    The U.S. Army signed a contract four weeks ago to pay
+General Dynamics Corp &lt;GD> 3.5 billion dlrs over the next four
+years to build 3,299 of the tanks.
+    Pentagon officials, who asked not to be identified, told
+Reuters Congress probably will not be officially notified of
+any final plan until after October 1. Congress would then have
+30 days to veto Egypt as the first foreign co-producer of the
+M-1A.
+    U.S. defense officials said Congress could approve the plan
+because Egypt is the only Arab country which has signed a peace
+treaty with Israel. But they said the issues of technology
+transfer and a possible loss of U.S. jobs could raise problems
+for the plan while Israel would also be expected to lobby
+against any production agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8308" NEWID="19980">
+<DATE>29-JUN-1987 19:09:20.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C 
+&#22;&#22;&#1;f2828&#31;reute
+d f BC-export-credit-bank-fo   06-29 0136</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPORT CREDIT BANK FOUNDED BY CARIBBEAN NATIONS</TITLE>
+<DATELINE>    CASTRIES, St. Lucia, June 29 - </DATELINE><BODY>Finance ministers from the
+13-member Caribbean Community (Caricom) approved a draft
+agreement for a new export credit facility, in an effort to
+stem the steady decline in interregional trade.
+     The Caribbean Export Credit Bank, scheduled to begin
+operations January 1, 1988, will be headquartered in Barbados.
+Its initial capital of 17 mln dlrs will come from Caricom
+member governments, private sector donors and the Caribbean
+Development Bank.
+    Capitalisation is projected at 60 mln dlrs with foreign
+aid, including soft loans from international institutions.
+    Caricom leaders are attending their annual meeting and high
+on the agenda is how to stop the decline in inter-regional
+trade which dropped by a third last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8309" NEWID="19981">
+<DATE>29-JUN-1987 19:14:59.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2832&#31;reute
+r f BC-DIGITAL-&lt;DCAI.O>-TO-A   06-29 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL &lt;DCAI.O> TO ACQUIRE FOX &lt;FOXT.O> UNIT</TITLE>
+<DATELINE>    ALPHARETTA, Ga., June 29 - </DATELINE><BODY>Digital Communications
+Associates Inc &lt;DCAI.O> said it has entered into an agreement
+to acquire substantially all the assets of Fox Technology Inc's
+Fox Research Inc subsidiary.
+    The company said it will assume about 10 mln dlrs of Fox
+liabilities with a provision for a further 6.5 mln dlrs based
+on the future financial performance of Fox during the one year
+period following the closing of the deal.
+    It said the acquisition is subject to approval by Fox
+shareholders and is expected to close in mid August.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8310" NEWID="19982">
+<DATE>29-JUN-1987 19:24:10.38</DATE>
+<TOPICS><D>tea</D></TOPICS>
+<PLACES><D>pakistan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f2841&#31;reute
+d f BC-STATE-TO-CONTROL-70-P   06-29 0125</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATE TO CONTROL 70 PCT OF PAKISTAN TEA IMPORTS</TITLE>
+<DATELINE>   ISLAMABAD, June 29 - </DATELINE><BODY>Pakistan announced a new tea import
+policy, saying 70 pct of imports will in future be made through
+the state Trading Corporation of Pakistan (TCP).
+   Commerce Minister Mahbubul Haq said in a television
+broadcast that no more than one-third of the remaining 30 pct
+allocated to the private sector would be permitted to come from
+any one country.
+   The new policy was announced some three months after the
+government suspended import licences and ordered an inquiry
+into tea purchase policy.
+   Traders said the move was designed to put pressure on Kenya,
+which provided some 48 pct of Pakistan's 75-80 mln kilo annual
+tea imports, to buy Pakistani manufactured goods in exchange.
+    Liptons and Brooke Bond, two units of Britain's Unilever
+Plc, control 95 pct of Pakistan's hard-pack tea market, traders
+said.
+   Haq, who is also Planning Minister, was outlining a new
+three-year trade policy from the start of financial 1987/88 on
+July 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8311" NEWID="19983">
+<DATE>29-JUN-1987 19:47:58.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2856&#31;reute
+b f BC-/GENERAL-ELECTRIC-&lt;GE   06-29 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL ELECTRIC &lt;GE> TO BUY KRAFT &lt;KRA> UNIT</TITLE>
+<DATELINE>    STAMFORD, Conn., June 29 - </DATELINE><BODY>General Electric Co's GE Credit
+Corp said it agreed to buy all of the capital stock of Kraft
+Inc's wholly owned subsidiary D and K Financial Corp.
+    Terms of the acquisition were not disclosed.
+    D and K, with assets of more than one billion dlrs, is one
+of the leading U.S. companies involved in the leasing of fleets
+of cars, according to GE Credit.
+    Jim Ahtes, a spokesman for GE Credit's outside public
+relations firm, Manning, Selvage and Lee Inc, emphasized that
+the terms of the acquisition had not yet been approved.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8312" NEWID="19984">
+<DATE>29-JUN-1987 21:22:48.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2908&#31;reute
+u f BC-IEP-LIFTS-ULTRAMAR-AN   06-29 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IEP LIFTS ULTRAMAR AND OGELBAY NORTON STAKES</TITLE>
+<DATELINE>    WELLINGTON, June 30 - </DATELINE><BODY>&lt;Industrial Equity (Pacific) Ltd>,
+(IEP) the Hong Kong-listed unit of Brierley Investments Ltd
+&lt;BRYA.WE>, said it has lifted its stakes in British oil company
+Ultramar Plc &lt;UMAR.L> and U.S. Firm &lt;Ogelbay Norton Co>.
+    IEP told the Stock Exchange it now holds 36.03 mln Ultramar
+shares representing 13.07 pct of the issued capital. It holds
+388,600 shares in Ogelbay representing 11.68 pct of the
+Delaware-based company.
+    No other details were available.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8313" NEWID="19985">
+<DATE>29-JUN-1987 21:41:00.28</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f2917&#31;reute
+f f BC-Japan-May-unemploymen   06-29 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan May unemployment record 3.2 pct (3.0 pct in April)
+- official
+</TITLE>&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="8314" NEWID="19986">
+<DATE>29-JUN-1987 21:45:27.86</DATE>
+<TOPICS><D>jobs</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f2919&#31;reute
+b f BC-JAPAN-UNEMPLOYMENT-RI   06-29 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN UNEMPLOYMENT RISES TO RECORD 3.2 PCT IN MAY</TITLE>
+<DATELINE>    TOKYO, June 30 - </DATELINE><BODY>Japan's seasonally adjusted unemployment
+rate rose to a record 3.2 pct in May, the worst level since the
+government started compiling unemployment statistics in 1953,
+the government's Management and Coodination Agency said.
+    The May rate surpassed the previous record of 3.0 pct
+marked set in January and April this year. It was also up
+sharply from 2.7 pct a year earlier.
+    Unadjusted May unemployment totalled 1.91 mln people, up
+from 1.90 mln in April and 1.62 mln a year earlier.
+    An agency official blamed industrial restructuring and the
+strong yen for the rise in unemployment.
+    The seasonally adjusted male unemployment rate in May rose
+to a record 3.2 pct, surpassing the previous record 3.0 pct set
+in July 1986. This compares with 2.9 pct in April and 2.7 pct a
+year earlie. Unadjusted male unemployment totalled 1.12 mln, up
+180,000 from a year earlier.
+    The female unemployment rate in May was unchanged from
+April at a record 3.1 pct. A year ago, the rate was 2.8 pct.
+Unadjusted female unemployment rose 100,000 to 790,000.
+    The yen's appreciation continued to affect employment in
+manufacturing industries and the total employed in May fell
+210,000 or 1.5 pct from a year earlier to 14.10 mln.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20582" NEWID="19987">
+<DATE>19-OCT-1987 20:59:16.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3542&#31;reute
+f f BC-Miyazawa-says-there-a   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Miyazawa says there are no plans at all for G-5 or G-7 talks
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20583" NEWID="19988">
+<DATE>19-OCT-1987 21:06:54.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3549&#31;reute
+f f BC-AUSTRALIAN-ALL-ORDINA   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AUSTRALIAN ALL ORDINARIES SHARE INDEX DROPS 416.9 POINTS IN FIRST 45 MINUTES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20584" NEWID="19989">
+<DATE>19-OCT-1987 21:08:48.36</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3550&#31;reute
+b f BC-MIYAZAWA-SAYS-G-7-STI   10-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIYAZAWA SAYS G-7 STILL SUPPORTS LOUVRE ACCORD</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Japanese Finance Minister Kiichi Miyazawa
+said the Group of Seven (G-7) nations still support the Louvre
+Accord to stabilise currencies.
+    He also told a news conference following a cabinet meeting
+that the Group of Five (G-5) and G-7 do not have any plans to
+meet for talks.
+    The Finance Minister further said that overseas stock
+market plunges will not lead to a freefall in the Tokyo stock
+market. "There is no special worry about the stock market in
+Tokyo," he added.
+    Miyazawa said the Tokyo stock market should not be gravely
+affected by the downturns of markets in New York and London
+because there is a clear sign of an economic recovery in Japan
+and stability of exchange rates.
+    Asked if the U.S. Had contacted Japan after the stock
+market plunge in New York, Miyazawa said there was not any
+contact.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20585" NEWID="19990">
+<DATE>19-OCT-1987 21:13:54.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3553&#31;reute
+f f BC-Tokyo-stock-index-slu   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo stock index slumps 918.86 points to 24,827.70 after 66 minutes' trade
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20586" NEWID="19991">
+<DATE>19-OCT-1987 21:15:30.38</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>miyazawa</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3554&#31;reute
+f f BC-Miyazawa-says-Baker's   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Miyazawa says Baker's remarks were aimed at just reaffirming Louvre agreement
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20587" NEWID="19992">
+<DATE>19-OCT-1987 21:21:10.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>hkse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3558&#31;reute
+f f BC-HONG-KONG-STOCK-EXCHA   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HONG KONG STOCK EXCHANGE TRADING SUSPENDED UNTIL NEXT MONDAY - EXCHANGE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20588" NEWID="19993">
+<DATE>19-OCT-1987 21:22:52.77</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3559&#31;reute
+b f BC-BAKER-REMARKS-AIMED-A   10-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER REMARKS AIMED AT CONFIRMING ACCORD-MIYAZAWA</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Japan's Finance Minister Kiichi Miyazawa
+said that remarks by U.S. Treasury Secretary James Baker on
+Sunday that some nations were not abiding by the spirit of the
+Louvre Accord were just aimed at reaffirming that agreement.
+    The agreement, to cooperate in stabilising currencies, was
+reached in Paris in February this year.
+    The finance minister made the remark at a news conference
+which followed a morning cabinet meeting.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20589" NEWID="19994">
+<DATE>19-OCT-1987 21:32:21.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3564&#31;reute
+f f BC-Tokyo's-stock-index-f   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo's stock index falls 1,336.00 points to 24,410.56 after 87 minutes
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20590" NEWID="19995">
+<DATE>19-OCT-1987 21:58:03.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f3576&#31;reute
+b f BC-EXPLOSION-IN-PHILIPPI   10-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXPLOSION IN PHILIPPINE CONGRESS, NO INJURIES</TITLE>
+<DATELINE>    MANILA, Oct 20 - </DATELINE><BODY>An explosive device blew up in the
+Philippine Congress building early on Tuesday, a congressional
+security official said.
+    He said no-one was injured in the blast which damaged a
+telephone booth on the second floor at about 0825 local time
+(0025 GMT).
+    Captain Rosalo Ylagan, head of congressional security, said
+the device could have been a home-made bomb or a large
+firecracker. The explosion was being investigated, he added.
+    No congressmen were in the building at the time.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20591" NEWID="19996">
+<DATE>19-OCT-1987 22:08:52.87</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V Y 
+&#22;&#22;&#1;f3593&#31;reute
+u f BC-JAPAN-UNDERSTANDS-U.S   10-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN UNDERSTANDS U.S. ATTACK ON IRAN OIL PLATFORM</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Japan said it understood why the U.S.
+Attacked an Iranian oil platform on Monday.
+    "Japan, deeply concerned over the increasing threat to the
+ships navigating in the Gulf, understands the circumstances
+that have led the United States government to take these
+measures," the Foreign Ministry said in a statement.
+    The statement added that the threat to free and safe
+navigation had increased after the missile attack on a
+U.S.-flagged tanker in Kuwaiti territorial waters last Friday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20592" NEWID="19997">
+<DATE>19-OCT-1987 22:10:48.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3594&#31;reute
+f f BC-Tokyo-stock-index-end   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo stock index ends morning trade 1,873.80 points down at 23,872.76
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20593" NEWID="19998">
+<DATE>19-OCT-1987 23:05:03.63</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V Y 
+&#22;&#22;&#1;f3632&#31;reute
+u f BC-VENEZUELA-SEES-FLAT-O   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA SEES FLAT OIL PRICE DESPITE U.S. ATTACK</TITLE>
+<DATELINE>    CARACAS, Oct 19 - </DATELINE><BODY>World oil prices would remain stable
+despite the U.S. Attack against Iranian oil platforms and
+growing tension in the Gulf, Venezuelan Energy Minister Arturo
+Hernandez Grisanti said on Monday.
+    He described the situation as "extremely tense," but said
+Gulf military activity would not significantly affect prices
+because supply and demand were roughly equal.
+    Demand for OPEC crude in the final quarter of 1987 was 18.5
+mln barrels per day (bpd) and the group's members were now
+pumping above 18 mln bpd, he told a news conference.
+    Hernandez Grisanti said the supply/demand balance was
+precarious and prices were in danger of falling from their
+current average of about 18 dlrs per barrel if overproduction
+continued.
+    Three or four members of the 13-nation Organisation of
+Petroleum Exporting Countries were "overproducing in an
+exaggerated manner" above their assigned quotas, he said.
+    OPEC's overall ceiling is 16.6 mln bpd.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20594" NEWID="19999">
+<DATE>19-OCT-1987 23:30:37.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3654&#31;reute
+u f BC-CANON-STOPS-PRODUCTIO   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANON STOPS PRODUCTION OF LOW-END WORD PROCESSORS</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Canon Inc &lt;CANN.T> said it will stop making
+Japanese language word processors with retail prices below
+50,000 yen and consign production instead to &lt;Kyushu Matsushita
+Electronic Co Ltd>, a 51.75-pct owned unit of Matsushita
+Electric Industrial Co Ltd &lt;MC.T>.
+    A Canon spokesman said the move reflects intense price
+competition as Canon, Casio Computer Co Ltd &lt;CACT.T> and others
+compete in the growing market for low-end processors.
+    Canon will focus production on more expensive and
+sophisticated models which have more generous profit margins,
+he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20595" NEWID="20000">
+<DATE>19-OCT-1987 23:47:41.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0000&#31;reute
+f f BC-Japan-to-take-wait-an   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>Japan to take wait-and-see stance on Tokyo stock movement, senior official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-020.sgm b/textClassication/reuters21578/reut2-020.sgm
new file mode 100644
index 0000000..820d8e4
--- /dev/null
+++ b/textClassication/reuters21578/reut2-020.sgm
@@ -0,0 +1,28550 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20596" NEWID="20001">
+<DATE>19-OCT-1987 23:49:31.45</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0001&#31;reute
+u f BC-IF-DOLLAR-FOLLOWS-WAL   10-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IF DOLLAR FOLLOWS WALL STREET JAPANESE WILL DIVEST</TITLE>
+<AUTHOR>    By Yoshiko Mori</AUTHOR>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>If the dollar goes the way of Wall Street,
+Japanese will finally move out of dollar investments in a
+serious way, Japan investment managers say.
+    The Japanese, the dominant foreign investors in U.S. Dollar
+securities, have already sold U.S. Equities.
+    But "if the dollar falls steeply, which did not happen
+yesterday, Japanese investors will definitely try to withdraw
+significant funds from U.S. Shares," said Akira Kawakami, deputy
+manager of Nomura Investment Trust and Management Co Ltd's
+international investment department.
+    An unstable, lower dollar would also affect Japanese
+investment in U.S. Bonds. "Japan-U.S. Interest rate
+differentials, which currently look wide enough, mean nothing
+in the absence of dollar stability," said Kawakami.
+    U.S. Bonds could benefit due to a gloomy economic picture
+following the estimated huge losses in stocks by major U.S.
+Institutional and individual investors, he said. The effect
+should be to rule out any U.S. Interest rate rise.
+    But most Japanese investors in U.S. Bonds are still wiating
+to see if the dollar really is stable, he said. The dollar was
+holding firm at above 142 yen on Tuesday morning.
+    "Although Japanese investors sold huge amounts of stocks in
+New York yesterday, most are still looking for chances to
+lighten their U.S. Stock inventories," Hiromitsu Sunada, manager
+of Meiji Mutual Life Insurance Co's international investment
+department said.
+    Their sales helped send Wall Street stocks down 508 points
+to 1,738, the market's biggest percentage drop since 1914.
+    "Investment in U.S. Stocks and bonds is difficult,
+considering the dangers," said Katsuhiko Okiyama, deputy general
+manager and chief adviser of Yamaichi Securities Co Ltd's fixed
+income securities marketing group.
+    Japanese investment at home could start to pick up once
+markets have stopped reacting to Wall Street, the managers
+said. The Tokyo yen bond market is likely to stabilise in one
+or two weeks, which is what investors have been waiting for.
+The bottom for yen bonds should be around a 6.3 pct yield for
+the 5.1 pct 89th bond, they said.
+    "The basic background which has supported the stocks and
+bonds markets has not changed," said Norio Okutsu, assistant
+general manager of Nikko Securities' bond department. "But new
+outflows of funds to the U.S. Will be decreasing."  However,
+this was already evident three months ago, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20597" NEWID="20002">
+<DATE>19-OCT-1987 23:58:39.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0012&#31;reute
+u f BC-NEC-TO-SUPPLY-CHIP-TE   10-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEC TO SUPPLY CHIP TECHNOLOGY TO FRANCE</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>NEC Corp &lt;NIPN.T> will supply &lt;Matra-Harris
+Semiconducteurs SA(A)> (MHS) of France with manufacturing
+technology for 16-bit microchips used in microcomputers, an NEC
+spokesman said.
+    MHS, a joint venture between France's MATRA &lt;MATR.PA> and
+Harris Corp &lt;HRS> of the U.S., Will manufacture and market
+globally a microcomputer based on NEC's Micron PD 78312 and
+Micron PD78310 chips.
+    MHS will pay NEC an undisclosed sum for the technology.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20598" NEWID="20003">
+<DATE>19-OCT-1987 23:59:09.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0013&#31;reute
+b f BC-JAPAN-TAKES-WAIT-AND-   10-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TAKES WAIT-AND-SEE STANCE ON STOCKS-OFFICIAL</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>The Finance Ministry will take a
+wait-and-see stance on Tokyo Stock Exchange movement, although
+it is gravely concerned about the sharp fall in stock prices, a
+senior Ministry official said.
+    The official, who declined to be identified, told reporters
+the 7.3 pct drop in Tokyo stock prices this morning was caused
+primarily by psychological factors following the 22.5 pct fall
+in New York stock prices overnight.
+    He said the Ministry is in close contact with the Tokyo
+Stock Exchange, but has no plans yet to take any specific
+measures regarding the fall.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20599" NEWID="20004">
+<DATE>20-OCT-1987 00:08:10.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0017&#31;reute
+u f BC-MEXICAN-STOCKMARKET-H   10-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICAN STOCKMARKET HEAD SEES NO CRISIS AFTER FALL</TITLE>
+<DATELINE>    MEXICO CITY, Oct 19 - </DATELINE><BODY>The outlook for Mexico's economy and
+stockmarket remains optimistic despite the market's worst-ever
+fall of 52,671.56 points on Monday, the president of the
+Mexican stock exchange, Manuel Somoza, said.
+    He said the 16.51 pct drop in the exchange's index
+reflected a "totally emotional" reaction to Monday's fall on the
+New York stock exchange and was not a reflection of a new
+crisis for the Mexican economy or the stockmarket."
+    He was speaking at a news conference here on Monday.
+    "We think that after the psycological effect the market will
+tend to stabilize itself," Somoza said.
+    Somoza said he based his optimism on the relatively bright
+outlook of the Mexican economy due to increased income from oil
+and non-petroleum exports, record high foreign reserves and
+government efforts to promote a modernization of the industrial
+sector.
+    "The U.S. Economy is not the same as the Mexican," he said.
+He did not say when he thought the market would stabilize.
+    He said traders had originally expected the market to level
+out on Monday after last week's profit taking pulled the index
+down 44,207 points. 
+    News of the "enormous problems" in New York, which reached
+Mexico City before the local market opened, caused a flurry of
+selling on the Mexican exchange, Somoza said.
+    The stockmarket had risen 629 pct over the year by the end
+of September.
+    Somoza said Monday's light volume of 15.3 mln shares
+compared to an average of 53 mln was an indication the day's
+drop was not a sign of a major collapse.
+    He also denied rumours that the day's loss was the result
+of government and brokerage house manipulation.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20600" NEWID="20005">
+<DATE>20-OCT-1987 00:15:04.00</DATE>
+<TOPICS><D>cocoa</D></TOPICS>
+<PLACES><D>indonesia</D><D>uk</D><D>malaysia</D><D>usa</D><D>papua-new-guinea</D><D>west-germany</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f0021&#31;reute
+u f BC-ASIAN-COCOA-PRODUCERS   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIAN COCOA PRODUCERS EXPAND DESPITE CRITICS</TITLE>
+<AUTHOR>    By Jeremy Clift</AUTHOR>
+<DATELINE>    JAKARTA, Oct 20 - </DATELINE><BODY>Asian cocoa producers are expanding
+output despite depressed world prices and they dismiss
+suggestions in the London market that their cocoa is inferior.
+    "Leading cocoa producers are trying to protect their market
+from our product," said a spokesman for Indonesia's directorate
+general of plantations. "We're happy about our long-term future."
+    Malaysian growers said they would try to expand sales in
+Asia and the United States if Malaysian cocoa was not suitable
+for European tastes.
+    They were responding to comments by London traders that
+large tonnages of unwanted cocoa beans from Malaysia, Indonesia
+and Papua New Guinea (PNG) were helping to depress cocoa
+prices.
+    London traders said the Asian cocoa was considered
+unsuitable for western palates because of an acrid odour and a
+high level of free fatty acids.
+    Ng Siew Kee, the chairman of Malaysia's Cocoa Growers'
+Council, said Malaysia should expand its sales to Asia and the
+United States if it did not produce a type suitable for Western
+Europe.
+    A spokesman for the PNG Cocoa Industry Board said the
+London market was mistaken if it linked PNG cocoa with
+high-acid Malaysian and Indonesian beans.
+    "When the market is declining, buyers seize on anything to
+talk down prices," the spokesman said.
+    He said that PNG could sell whatever cocoa it produces.
+    PNG exported 33,000 tonnes of cocoa in the 1986/87 cocoa
+year ending September 30, of which nearly 50 pct was exported
+to West Germany, 16 pct to the U.S. And the rest to the
+Netherlands and Britain.
+    The Indonesia spokesman, an Agriculture Ministry official
+who wished not to be identified, said Indonesia had no problem
+with quality and would continue to expand sales. He described
+criticism of the quality of Indonesian beans as "trade politics"
+and said Jakarta's traditional links with Dutch buyers meant it
+did not have any difficulty with exports.
+    Indonesia and Malaysia, Asia's two biggest commodity
+producers, are expanding cocoa output and are both outside the
+International Cocoa Organization (ICCO).
+    Officials have said Malaysian production is expected to
+total 150,000 to 155,000 tonnes in calendar 1987.
+    This is up from 131,000 tonnes in 1986, partly because of
+the end of a three-year drought in Sabah, the country's largest
+cocoa growing area.
+    Production of Indonesian cocoa beans tripled to 31,600
+tonnes in calendar 1986 from 10,284 tonnes in 1980. Output is
+projected to rise to 50,000 tonnes in 1988 from 38,000 tonnes
+this year as young trees mature.
+    Both Malaysia and Indonesia are low cost producers and
+traders said they could last out low prices longer than West
+African countries.
+    According to one Kuala Lumpur trader, world prices would
+have to fall another 1,000 ringgit per tonne (about 250 stg) to
+make cocoa production in Malaysia uneconomic.
+    Some traders believe the main quality problem is with
+harvesting and fermentation techniques.
+    One trader said Malaysian cocoa is virtually
+indistinguishable from West African output if treated in the
+same way but this is not possible on the larger Malaysian
+estates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20601" NEWID="20006">
+<DATE>20-OCT-1987 00:20:44.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0029&#31;reute
+f f BC-Tokyo-stock-index-dow   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo stock index down 2,210.19 points to 23,536.37 in early afternoon
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20602" NEWID="20007">
+<DATE>20-OCT-1987 00:30:35.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0036&#31;reute
+b f BC-JAPANESE-PREMIER-SAYS   10-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE PREMIER SAYS HE WATCHING STOCK SITUATION</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Japanese Prime Minister Yasuhiro Nakasone
+was quoted by Kyodo News Service as saying he was watching the
+stock market situation.
+    "We must watch things a little longer. New York is down 22
+pct, London 10 pct, while compared to this Japan is seven pct
+down," Kyodo quoted him as telling reporters.
+    Asked if he agreed with analysts who called the stock
+sell-off "Black Monday," Nakasone said: "Compared with times past,
+economics have changed completely." He rejected a comparison
+between the present situation and the stock market collapse of
+1929 and the recession which followed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20603" NEWID="20008">
+<DATE>20-OCT-1987 00:48:57.47</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0049&#31;reute
+u f BC-MALAYSIA-ADVISED-TO-R   10-20 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIA ADVISED TO RAISE CRUDE OIL OUTPUT IN 1988</TITLE>
+<DATELINE>    KUALA LUMPUR, Oct 20 - </DATELINE><BODY>Malaysia's national oil company,
+Petronas, has advised the government to raise crude oil output
+to 540,000 barrels a day (bpd) in 1988 from a current 500,000
+bpd, a senior company official said.
+    "We have the capacity to produce the amount," Rastam Hadi,
+Petronas's Vice-President for Upstream Sector said.
+    The government will announce its decision on Friday when it
+unveils the country's budget. Malaysia raised output this month
+to current levels from 420,000 bpd after reviewing the world
+oil market. In May, Malaysia cut output to 420,000 bpd from
+459,000 in response to a call by OPEC to boost prices.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20604" NEWID="20009">
+<DATE>20-OCT-1987 02:15:10.98</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0103&#31;reute
+f f BC-Sumita-welcomes-U.S.-   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Sumita welcomes U.S.-West German joint confirmation of Louvre accord
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20605" NEWID="20010">
+<DATE>20-OCT-1987 02:18:33.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0105&#31;reute
+f f BC-Tokyo-stock-index-slu   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo stock index slumps 14.9 pct to close at 21,910.08
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20606" NEWID="20011">
+<DATE>20-OCT-1987 02:20:31.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0106&#31;reute
+f f BC-Sumita-says-world-sto   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Sumita says world stockmarkets excessively concerned about economic future
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20607" NEWID="20012">
+<DATE>20-OCT-1987 02:29:24.58</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE><D>sumita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0111&#31;reute
+b f BC-SUMITA-WELCOMES-U.S.-   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUMITA WELCOMES U.S.-JAPAN AGREEMENT ON LOUVRE</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Bank of Japan governor Satoshi Sumita said
+he welcomed Monday's U.S. And West German joint confirmation of
+their commitment to the Louvre accord.
+    Sumita said in a statement that world stockmarkets were
+excessively concerned about the economic future.
+    The Bank of Japan will continue to adhere to a system of
+policy coordination based upon the Louvre accord of February,
+he said. The accord called for stability in foreign exchange
+rates. Exchange rates generally are regaining stability and the
+economies of industrialised nations are heading for a steady
+recovery, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20608" NEWID="20013">
+<DATE>20-OCT-1987 02:31:05.43</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0112&#31;reute
+u f BC-NEW-ZEALAND-WILL-CONT   10-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND WILL CONTINUE FIRM MONETARY POLICY</TITLE>
+<DATELINE>    WELLINGTON, Oct 20 - </DATELINE><BODY>The Reserve Bank of New Zealand said
+there was no evidence to suggest the fall in share prices had
+affected financial stability and it would maintain its firm
+monetary policy.
+    Governor Spencer Russell said in a statement the central
+bank did not accept arguments that the battle against inflation
+should now take a low second priority after the sharemarket's
+plunge.
+    Russell said the bank had two statutory responsibilities --
+to implement the government's monetary policy to bring down
+inflation, and to ensure the financial sector's stability.
+    "Unless the bank is directed otherwise, the firm monetary
+policy will continue because it is very much in the national
+interest that it do so," he said.
+    "And there is yet no evidence available to the bank to
+suggest that the fall in share prices has affected the
+stability of the financial sector."
+    The Barclays share index fell a record 504.75 points to
+2,925,26 on Tuesday, a decline of 14.7 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20609" NEWID="20014">
+<DATE>20-OCT-1987 02:51:54.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0126&#31;reute
+f f BC-Tokyo-Stock-Exchange   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo Stock Exchange has no plan to suspend trading on Wednesday-president
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20610" NEWID="20015">
+<DATE>20-OCT-1987 02:52:04.37</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0127&#31;reute
+f f BC-Tokyo-Stock-Exchange   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo Stock Exchange to ease margin requirements, exchange president says
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20611" NEWID="20016">
+<DATE>20-OCT-1987 03:02:08.52</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0132&#31;reute
+f f BC-Japan-September-M-2-p   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Japan September M-2 plus CD money supply rises 11.1 pct year on year (Aug 11.0)
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20612" NEWID="20017">
+<DATE>20-OCT-1987 03:12:36.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0146&#31;reute
+f f BC-BAKER-HEADS-HOME-AFTE   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BAKER HEADS HOME AFTER CUTTING SHORT EUROPE TRIP - SWEDISH FINANCE MINISTRY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20613" NEWID="20018">
+<DATE>20-OCT-1987 03:14:08.12</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>tanzania</D><D>malawi</D><D>mozambique</D><D>zaire</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0147&#31;reute
+u f BC-TANZANIA-SELLS-MAIZE   10-20 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANZANIA SELLS MAIZE TO MALAWI, MOZAMBIQUE, ZAIRE</TITLE>
+<DATELINE>    DAR ES SALAAM, Oct 20 - </DATELINE><BODY>Tanzania has arranged to sell
+53,000 tonnes of maize to Malawi, Mozambique and Zaire, radio
+Tanzania said.
+    The radio said the grain would be delivered soon, but gave
+no details about the value of the sales.
+    Tanzania is expecting a record maize harvest of 2.3 mln
+tonnes in the 1987/88 financial year ending June, up from a
+bumper crop of 2.1 mln in 1986/87.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20614" NEWID="20019">
+<DATE>20-OCT-1987 03:14:33.15</DATE>
+<TOPICS><D>cotton</D></TOPICS>
+<PLACES><D>tanzania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0148&#31;reute
+u f BC-TANZANIAN-COTTON-THRE   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANZANIAN COTTON THREATENED BY LACK OF STORAGE</TITLE>
+<DATELINE>    DAR ES SALAAM, Oct 20 - </DATELINE><BODY>About 60,000 tonnes of harvested
+raw cotton may be spoiled by rain in Tanzania's northern
+Shinyanga region because it is stored in the open or in crude
+village sheds, radio Tanzania reported.
+    The cotton, worth one billion shillings, cannot be moved to
+ginneries in the region because most mill warehouses are full.
+Many mills are not working because of a lack of spare parts, it
+added.
+    Agriculture Ministry officials have forecast a 1987/88
+cotton harvest of about 200,000 tonnes, down from 215,000 in
+1986/87.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20615" NEWID="20020">
+<DATE>20-OCT-1987 03:17:41.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0153&#31;reute
+b f BC-TOKYO-STOCK-EXCHANGE   10-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO STOCK EXCHANGE WILL NOT SUSPEND TRADING</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Tokyo Stock Exchange president Michio
+Takeuchi said the exchange has no immediate plans to suspend
+trading to cool off panic stock selling.
+    However, he said Tokyo may consider such a measure if the
+London and New York exchanges are closed overnight.
+    "I don't think it will happen," he added.
+    He also told reporters the exchange will relax margin
+requirements effective on Wednesday to encourage stock buying.
+    Takeuchi said the sharp fall in stock prices was mostly due
+to psychological factors.
+    "We need to keep close watch on market movement but we
+expect the market will stabilise soon," he said, adding that
+individual investors should remain calm. "It is advisable to
+wait for an autonomous recovery of the market," he said.
+    The margin requirement in cash will be reduced to 50 pct
+from 70 pct while the margin collateral requirement in equity
+will rise to 70 pct from 60 pct, effective on Wednesday, he
+said.
+    Takeuchi also said the exchange has no specific plan to
+take coordinated action with the New York and London exchanges
+to help stabilise stock prices.
+    The drop on Wall Street was caused by various factors but
+was primarily the result of a correction of overvalued share
+prices, he said. The current stock price plunge cannot compare
+with the Great Depression as the economic environment is very
+different, he added.
+    The exchange has not changed plans to introduce stock
+futures trading next year despite press reports that the Wall
+Street fall was linked with futures trading, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20616" NEWID="20021">
+<DATE>20-OCT-1987 03:26:57.39</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0166&#31;reute
+u f BC-AQUINO-SAYS-MANILA-WA   10-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AQUINO SAYS MANILA WATCHING INTEREST RATES CLOSELY</TITLE>
+<DATELINE>    MANILA, Oct 20 - </DATELINE><BODY>President Corazon Aquino said the
+Philippines was closely monitoring interest rates in the wake
+of Monday's record drop on Wall Street and steep declines in
+Manila and other Asian stock markets.
+    "We will monitor these developments closely and will
+continue to hope that they do not precipitate large declines in
+economic activity around the world," Aquino told a meeting of 13
+major Philippine business groups.
+    "The Philippines, as a trading country in the world economy,
+depends on the continued health and growth of both the world
+economy and the world trading system," she said.
+    The Manila Stock Exchange composite index plunged 105.49
+points or 11.79 pct by the midday close to 789.54, depressed by
+the record 508 point fall of the Dow Jones industrial average
+on Monday.
+    "The Philippines, in addition, as a large borrower nation,
+is affected by developments in interest rate levels around the
+world and will carefully monitor the impact of these
+developments on interest rates, on gold and on commodity
+prices," Aquino said.
+    "We welcome the statements from world leaders that urge calm
+in the present difficult situation," she added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20617" NEWID="20022">
+<DATE>20-OCT-1987 03:36:58.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0181&#31;reute
+u f BC-NISSAN-STARTS-TO-MARK   10-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN STARTS TO MARKET REMODELLED 4WD VEHICLES</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Nissan Motor Co Ltd &lt;NSAN.T> said it has
+started to market a remodelled version of its four wheel drive
+(4WD) Safari vehicle in Japan.
+    Nissan said in a statement it hopes to sell 250 vehicles a
+month in Japan.
+    It also plans soon to start exporting 3,400 vehicles a
+month to the Australian, Middle East and Asian markets under
+the name Patrol, a spokesman said.
+    It will sell the vehicle in Europe sometime in the future,
+with shipments from &lt;Motor Iberica S.A.>, its Spanish unit. The
+volume for Europe will be set later.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20618" NEWID="20023">
+<DATE>20-OCT-1987 03:38:14.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0182&#31;reute
+u f BC-JAPAN-TO-SCRUTINISE-L   10-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO SCRUTINISE LIFE INSURERS' CAPITAL GAINS</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>The Finance Ministry plans to examine how
+life insurance companies realised capital gains through
+transactions undertaken in June, just before the yen bond
+market began to fall sharply, a senior Ministry official said.
+    The move is aimed at cooling fierce competition in the
+field and will pave the way for a Ministry system to check that
+insurers do not inflate investment returns on the accounts to
+attract investors, he said.
+    Some insurers transfer part of their unrealised gains from
+general accounts to the variable life accounts, violating their
+internal regulations, industry sources said.
+    The eight major local life-insurers which offer variable
+life policies here realised an average return of 21.01 pct on
+such policies in the year ended September.
+    The Ministry will scrutinise the policies of 17 local and
+foreign life insurers which offer the variable life schemes.
+    Japan has 23 major local life insurers, none of which is
+listed on the stock market.
+  REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20619" NEWID="20024">
+<DATE>20-OCT-1987 04:03:13.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0211&#31;reute
+f f BC-FTSE-100-share-index   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FTSE 100 share index opens 186.0 down at 1,866.3 - London Stock Exchange
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20620" NEWID="20025">
+<DATE>20-OCT-1987 04:10:11.01</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0223&#31;reute
+b f BC-JAPAN-MONEY-GROWTH-TO   10-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN MONEY GROWTH TO STAY AT 11-12 PCT - OFFICIAL</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Growth in Japan's M-2 plus certificates of
+deposit (CD) money supply in the October to December period is
+not expected to accelerate, but will remain at high levels
+between 11 and 12 pct, a senior Bank of Japan official said.
+    The central bank will keep a watch on high growth in
+liquidity because this is a factor that may cause rises in
+prices of goods, he said.
+    The September growth of 11.1 pct year on year announced
+earlier today should not be taken as implying that the money
+supply has started to expand very rapidly, he said. In August
+the rate of increase was 11.0 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20621" NEWID="20026">
+<DATE>20-OCT-1987 04:11:39.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0225&#31;reute
+u f BC-W.GERMAN-CAR-OUTPUT,   10-20 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>W.GERMAN CAR OUTPUT, EXPORTS RISES IN SEPTEMBER</TITLE>
+<DATELINE>    FRANKFURT, Oct 20 - </DATELINE><BODY>West German car and van production rose
+in September to 407,600 from 386,000 in September 1986, while
+exports climbed to 226,300 from 218,200, the German Automobile
+Industry Association VDA said.
+    The association added that incoming domestic orders in
+September were above, and foreign orders roughly equal, to
+those in September last year.
+    Car and van production rose in the first nine months of the
+year to 3.25 mln from 3.19 mln. But exports fell to 1.80 mln
+from 1.85 mln
+     Output of light trucks fell in September to 13,200 from
+14,700, while heavy truck production was unchanged at 10,100.
+    Over the nine month period, light truck production fell to
+109,300 from 129,200, while heavy truck production dipped to
+83,800 from 84,700.
+    Exports of light trucks fell in September to 7,800 from
+9,000 and to 66,600 from 84,300 in the first nine months.
+    Exports of heavy trucks rose to 5,500 in September from
+4,600 in September last year and to 47,800 from 45,300 in the
+first nine months.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20622" NEWID="20027">
+<DATE>20-OCT-1987 04:19:37.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE><D>douglas</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0240&#31;reute
+u f BC-DOUGLAS-SAYS-N.Z.-NOT   10-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOUGLAS SAYS N.Z. NOT ISOLATED FROM WORLD MARKETS</TITLE>
+<DATELINE>    WELLINGTON, Oct 20 - </DATELINE><BODY>Finance Minister Roger Douglas said
+the fall in share prices on local and world markets
+demonstrated that New Zealand could not be isolated from global
+trends.
+    "We can't expect to isolate ourselves from developments
+around the world," Douglas told reporters.
+    "I think above all what today's problems illustrate is that
+the sort of policies that we have been putting in place the
+last three years are absolutely essential so that New Zealand's
+economic performance improves, relative to the rest of the
+world."
+    The New Zealand share market fell 14.7 pct on Tuesday in a
+record one-day fall.
+    Douglas told a news conference, at which the government
+announced plans to sell its 89 pct stake in &lt;New Zealand Steel
+Ltd>, that the sharemarket fall would not affect plans to sell
+parts of state-owned corporations such as &lt;Air New Zealand>,
+&lt;DFC New Zealand Ltd> and &lt;Petroleum Corp of New Zealand Ltd>.
+Asked if the government considered acting to close the
+sharemarket for a period, Douglas said: "No. I'm not sure it
+would have been my job to do so."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20623" NEWID="20028">
+<DATE>20-OCT-1987 04:21:55.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0243&#31;reute
+u f BC-WILL-WORLD-RECESSION   10-20 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILL WORLD RECESSION FOLLOW STOCK MARKET PLUNGE?</TITLE>
+<AUTHOR>    By Linda Sieg</AUTHOR>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Some economists fear a world recession if
+stock exchanges continue to plunge. Others are more sanguine.
+    The pessimists say the stocks shakeout is destroying
+personal assets and dampening consumption.
+    "The real economic effects can be significant -- the
+destruction of wealth and a deflationary impact on the economy,"
+said an economist at a U.S. Securities house.
+    But other economists said such fears were overblown.
+    "Because of lower appreciation of corporate or personal
+assets, that much negative impact could be observed (in the
+U.S.)," said Keikichi Honda, general manager of economic
+research at the Bank of Tokyo Ltd.
+    "But the appreciation of stock prices has not been playing
+such a major role in the entire U.S. Gross national product
+(GNP)," Honda said.
+    The pessimists noted that the record fall on Wall Street on
+Monday was sparked by fears the U.S. Economy is heading for a
+recession or serious slowdown much earlier than expected.
+    But the optimists said a dampening effect on consumption
+due to stock market losses was less likely in Japan.
+    "In Japan the weight of stocks in individuals' total assets
+is less than in the U.S., And the total weight of individuals'
+holdings in the stock market is less, so there will be less
+damage than in the U.S.," said an economist at one of Japan's
+major brokerage houses.
+    "Japan is taking strong measures to stimulate domestic
+demand, so while there could be some impact from the reduction
+of assets value, it would not be a major impact," said the Bank
+of Tokyo's Honda.
+    Optimists also pointed to incipient declines in U.S.
+Interest rates as a positive sign for the U.S. Economy.
+    "U.S. Interest rates are coming down so there is a feeling
+that interest rates have hit their ceiling, and the U.S.
+Economy is strong, so there should be no direct impact from the
+collapse of share prices," said Toshiaki Kakimoto, Sumitomo Bank
+Ltd chief economist.
+    Some economists suggested that should markets continue to
+slump, the major industrial nations may have to discuss
+possible joint lowering of official discount rates.
+    "Until last week, a discussion of lower rates was
+unthinkable, now it's not," said the Japanese brokerage house
+economist.
+    "There has been a move from the purely rational to the
+emotional -- it's a central bankers' nightmare," said the
+foreign economist. "It will require strong global leadership by
+politicians to snuff out," he said.
+    However, "previously, the stocks correction was due to fears
+of higher interest rates, a possible resurgence of inflation
+and the depreciation of the dollar," said Nobuyuki Ueda, senior
+economist at the Long-Term Credit Bank Ltd.
+    "Now some people have an uneasy feeling about the outlook of
+the U.S. Economy," Ueda said.
+    "If the stock market is a leading indicator of the future
+movement of the economy, this decline will have very
+significant implications for the U.S. Economy," he said.
+    "If the low levels hold, those who were keeping consumption
+high because of unrealised gains could curb consumption," said
+Salomon Brothers (Asia) Ltd economist Ron Napier. "If the paper
+gains aren't there, people won't spend."
+    A U.S. Recession could then trigger similar declines in
+other economies, some economists said.
+    "I don't know if a possible recession in the U.S. Would
+trigger a world recession because other nations, such as Japan,
+are showing good economic performance," LTCB's Ueda said. "But we
+can't rule out the possibility because the U.S. Is still
+playing a very dominant role in the world economy."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20624" NEWID="20029">
+<DATE>20-OCT-1987 04:25:26.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0246&#31;reute
+u f BC-JAPAN-TRIES-TO-STEM-S   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TRIES TO STEM STOCKS DIVE</TITLE>
+<AUTHOR>    By Linda Sieg</AUTHOR>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Government and monetary authorities today
+staged a concerted effort to calm spreading panic on Japanese
+stock exchanges but market analysts said there were limits to
+their ability to succeed.
+    "The ability of the Big Four (Japanese securities houses)
+and the Finance Ministry is limited," said Barclays de Zoete
+Wedd economist Peter Morgan.
+    Finance Ministry officials asked the big four securities
+companies this afternoon to help calm panic selling on the
+Tokyo Stock Exchange, ministry officials said.
+    Prime Minister Yasuhiro Nakasone was quoted by Kyodo News
+Service as saying he was watching the stock market situation.
+    But he rejected comparisons with the 1929 stock market
+collapse and subsequent recession.
+    Finance Minister Kiichi Miyazawa said the Tokyo stock
+market should not be gravely affected by downturns in New York
+and London because there are clear signs of a Japanese economic
+recovery and exchange rate stability.
+    Bank of Japan Governor Satoshi Sumita also tried to calm
+the panic, saying in a statement that world stock markets were
+excessively concerned about the economic future.
+    Traditionally, the four big houses  -- Nomura Securities Co
+Ltd, Yamaichi Securities Co Ltd, Daiwa Securities Co Ltd, and
+Nikko Securities Co Ltd -- have influenced the market because
+of their sheer size and overwhelming market share.
+    This strength has in the past made it possible for the
+brokerages to calm down markets under guidance from the Finance
+Ministry, analysts said.
+    But the analysts questioned whether the brokerages, which
+have already suffered heavy losses from falling bond markets
+over the past year, would have the strength this time to turn
+things around.
+    "The question is, are the Japanese brokerages strong enough
+to force investors to buy," said Johsen Takahashi, research
+director at the Mitsubishi Research Institute.
+    "If we consider that they have suffered serious losses in
+the bond markets and in their U.S. Investments, it is debatable
+whether they they could support buying," he said.
+    "We can support things to some extent, but we can't
+completely suppress selling," said one Japanese broker.
+    Some analysts said the high percentage of shares cross-held
+by financial institutions and other corporations could have a
+stabilising effect on the market.
+    Some 80 pct of shares are held by corporate shareholders,
+said Keikichi Honda, general manager of the Bank of Tokyo Ltd's
+economic research division. "This is a tightly woven textile. In
+its own way it is stronger than Wall Street."
+    But other analysts expressed doubt about this argument.
+    "If a high percent of shares is cross held, everything
+happens at the edges and the relative moves can be larger," said
+Kleinwort Benson Ltd financial analyst Simon Smithson. "Selling
+will drive prices down an enormous distance because of no
+liquidity."
+    "You don't need big volume to get big declines in the market
+-- you just need a huge imbalance between sellers and buyers,"
+said Barclay's Morgan.
+    Shares held by what are termed "stable shareholders," or
+banks and other companies with which a firm does business,
+might also find their way onto the market if the outlook gets
+bad enough, some analsyst said.
+    "Closely held shares could become unclosely held," said
+Morgan. But he said such a prospect is unlikely right now
+because companies, with their improved earnings prospects, do
+not need to sell shares for cash flow reasons.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20625" NEWID="20030">
+<DATE>20-OCT-1987 04:30:24.90</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V Y 
+&#22;&#22;&#1;f0257&#31;reute
+u f BC-WORLD-COULD-COPE-WITH   10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD COULD COPE WITH HORMUZ CLOSURE, SUBROTO SAYS</TITLE>
+<DATELINE>    JAKARTA, Oct 20 - </DATELINE><BODY>Oil prices would skyrocket for a time if
+conflict in the Gulf closed the Strait of Hormuz, but oil
+supplies could be adjusted to take care of world demand,
+Indonesian Energy Minister Subroto said.
+    He made no explicit reference to the latest U.S. Military
+action in the Gulf.
+    But in an address to a conference of the Indonesian
+Petroleum Association, he said, "If worst comes to worst and say
+the flow of oil through the Straits of Hormuz is completely
+shut off, I believe the world oil supply, given time to adjust,
+can take care of the situation."
+    "But this is not to say that prices, at least for a short
+duration, will not skyrocket as speculators take advantage of
+the situation," he declared.
+    Tensions in the Gulf, however, usually had a relatively
+short-term impact on prices, he added.
+    Assessing future price trends, he said, "Short-term spot
+prices will probably still fluctuate, but they will most likely
+hover around the official Opec price basket of 18 dlrs per
+barrel.
+    "The upward deviations, however, are likely to be greater
+than the downward ones."
+    "The balance between supply and demand in the short term
+will still be delicate," he added. "Non-Opec production may still
+go up, competing with Opec for the expected additional increase
+in world demand."
+    Subroto, a member of Opec's three-man quota committee which
+has been touring cartel members, said speculation may play
+havoc with spot prices, but Opec was trying to stabilize the
+situation by urging cooperation by non-Opec producers.
+    In the medium term, non-Opec production would reach a
+plateau in the early 1990s, leaving Opec much stronger, he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20626" NEWID="20031">
+<DATE>20-OCT-1987 04:34:41.19</DATE>
+<TOPICS><D>jet</D></TOPICS>
+<PLACES><D>bangladesh</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0264&#31;reute
+u f BC-BANGLADESH-TENDERS-FO   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANGLADESH TENDERS FOR TWO MLN BARRELS PETROLEUM</TITLE>
+<DATELINE>    DHAKA, Oct 20 - </DATELINE><BODY>Bangladesh Petroleum Corp said it floated
+an international tender for imports of two mln barrels of Jet
+Kero, Superior Kero and High Speed Diesel for shipment during
+January-June 1988.
+    It said the offer for the petroleum products would be open
+until 0600 gmt on November 19.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20627" NEWID="20032">
+<DATE>20-OCT-1987 04:48:51.01</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0286&#31;reute
+f f BC-Poehl-says-German-and   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Poehl says German and international interest rate rises are cause for concern
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20628" NEWID="20033">
+<DATE>20-OCT-1987 04:49:48.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0287&#31;reute
+f f BC-Bundesbank-has-no-int   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank has no interest in higher capital market rates - Poehl
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20629" NEWID="20034">
+<DATE>20-OCT-1987 04:53:02.87</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>bahrain</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0289&#31;reute
+u f BC-IRANIAN-TANKER-REPORT   10-20 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRANIAN TANKER REPORTS SIGHTING MINE IN GULF</TITLE>
+<DATELINE>    BAHRAIN, Oct 20 - </DATELINE><BODY>An Iranian shuttle tanker reported
+spotting a floating mine in the central Gulf on Tuesday about
+50 miles west of Lavan Island, regional shipping sources said.
+    The Khark III, owned by the National Iranian Tanker Co,
+gave the position of the mine as 27 degrees 14 minutes north,
+52.06 east.
+    There was no indication of measures being taken against the
+mine, which is in Iranian territorial waters.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20630" NEWID="20035">
+<DATE>20-OCT-1987 04:54:40.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0290&#31;reute
+r f BC-FABER-OPEN-FOR-OFFERS   10-20 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FABER OPEN FOR OFFERS ON MORGAN GRENFELL STAKE</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>Willis Faber Plc &lt;WIFL.L> chairman and
+chief executive David Palmer said the company would consider
+any bid for its 20.8 pct shareholding in Morgan Grenfell Group
+Plc &lt;MGFL.L> but had not yet received any offers.
+    "We will entertain any approaches," he told Reuters in reply
+to questions, following U.K. Press speculation.
+    In an earlier statement, Faber said that if an offer were
+to be received for its stake in the merchant banking group, "it
+would be considered on its merits."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20631" NEWID="20036">
+<DATE>20-OCT-1987 04:58:56.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0293&#31;reute
+f f BC-Inflationary-fears-ar   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Inflationary fears are unjustified and exaggerated, Poehl says
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20632" NEWID="20037">
+<DATE>20-OCT-1987 04:59:07.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0294&#31;reute
+u f BC-CORBY-DISTILLERIES-TO   10-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORBY DISTILLERIES TO EXPAND IN CANADA</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>&lt;Corby Distilleries Ltd>, 52 pct owned by
+Allied Lyons Plc &lt;ALLD.L> subsidiary &lt;Hiram Walker-Goodman &amp;
+Worts> is to buy the spirits business of &lt;McGuinness Distillers
+Ltd> of Toronto for 45 mln Canadian dlrs.
+    McGuinness is a producer and marketer of spirits and also
+has exclusive agencies for some imported wines and spirits.
+    The sale is subject to the approval of the Bureau of
+Competition Policy. Michael Jackaman, president and chief
+executive officer of Hiram Walker and Allied Vintners, said,
+"The acquisition is an excellent one both commercially and
+financially."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20633" NEWID="20038">
+<DATE>20-OCT-1987 04:59:48.03</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D><D>james-baker</D><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0295&#31;reute
+b f BC-POEHL-SAYS-RATE-RISES   10-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POEHL SAYS RATE RISES ARE CAUSE FOR CONCERN</TITLE>
+<DATELINE>    FRANKFURT, Oct 20 - </DATELINE><BODY>Rises in West German and international
+interest rates are a cause for concern and the Bundesbank has
+no interest in higher capital market rates, Bundesbank
+President Karl Otto Poehl said.
+    "We consider the interest rate increase that has occurred
+here and internationally to be a problem and cause for concern,"
+Poehl told an investment conference.
+    "I would like to stress that the Bundesbank has no interest
+in higher capital market rates," he said.
+    Shortly after Poehl spoke, the Bundesbank announced a
+tender for a securities repurchase pact at a fixed rate of 3.80
+pct.
+    Previous tenders over the last month by interest rate have
+seen the allocation rate on these facilities rise to 3.85 pct
+at last week's pact from 3.60 on the last fixed-rate tender in
+late September.
+    The Bundesbank's reduction of the key allocation rate to
+3.80 from 3.85 pct was heralded Monday by repeated injections
+of money market liquidity at between 3.70 and 3.80 pct.
+    These moves to cap interest rates followed a meeting
+between Poehl, Finance Minister Gerhard Stoltenberg and U.S.
+Treasury Secretary James Baker Monday in Frankfurt.
+    Officials said afterwards the three men had reaffirmed
+their commitment to the Louvre accord on currency stability.
+    Over the weekend, criticism by Baker of the tightening in
+West German monetary policy had prompted a sharp fall of the
+dollar on speculation that Louvre cooperation had ended.
+    But the dollar rallied on news of Monday's meeting in
+nervous trading to trade above 1.79 marks Tuesday.
+    Poehl said that the recent rise in interest rates was not
+due to central bank policy, but to markets' expectations, and
+currency developments.
+    Commenting on the inflationary expectations, Poehl said "You
+have to get to the root of the problem, you have to pursue a
+policy which reveals that there are no grounds for such fears."
+ The inflationary fears were unjustified and exaggerated, he
+said.
+    Poehl rebuffed recent U.S. Criticism of West Germany,
+saying the Bundesbank had made a substantial contribution to
+international cooperation in interest and monetary policy.
+    The Bundesbank has tolerated an overshooting of its money
+supply target, arousing criticism from other quarters, he said.
+    "Today we still have lower interest rates than at the end of
+1986... Quite the contrary of other countries, where interest
+rates have risen substantially more," Poehl said.
+    This had to be taken into account when considering recent
+rises in repurchase pact allocation rates, which were due to
+rising international money market rates that had spilled over
+into the German market, he said.
+    Poehl expressed surprise that financial markets had so far
+ignored improvements in the U.S. Deficits.
+    "The adjustment process in the U.S. Trade balance is
+definitely underway," he said, noting that this was not so
+noticeable in absolute figures.
+    The spectacular improvement in the budget deficit had also
+attracted little attention, he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20634" NEWID="20039">
+<DATE>20-OCT-1987 05:00:49.66</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0296&#31;reute
+b f BC-LAWSON-SAYS-BP-SHARE   10-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SAYS BP SHARE OFFER GOING AHEAD</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson said the Government was going ahead with this month's
+flotation of British Petroleum Co Plc &lt;BP.L> shares despite the
+collapse on international stock markets.
+    "We are going ahead because the whole issue has been
+underwritten - we had it underwritten because there is always a
+risk of this sort of thing happening," Lawson said in a BBC
+radio interview.
+    Lawson's remarks came as renewed selling on the London
+stock market took BP shares down a further 33p to 283, well
+below the 330p price set for the around seven billion stg
+issue.
+    Lawson said the U.K. Economy is fundamentally sound and
+added that stock markets had reflected that recently.
+    "I profoundly believe in the market system as the best way
+for securing economic prosperity (but) that does not mean to
+say the markets are infallible."
+    "My advice to small investors...Is to remain calm. There is
+absolutely no reason not to do so," Lawson said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20635" NEWID="20040">
+<DATE>20-OCT-1987 05:01:49.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0300&#31;reute
+f f BC-   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank sets 35-day securities repurchase tender at fixed rpt fixed 3.80 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20636" NEWID="20041">
+<DATE>20-OCT-1987 05:03:42.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0303&#31;reute
+f f BC-Paris-share-price-ind   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Paris share price indicator opens 2.31 pct down - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20637" NEWID="20042">
+<DATE>20-OCT-1987 05:05:18.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0305&#31;reute
+u f BC-LAWSON-CALLS-DEGREE-O   10-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON CALLS DEGREE OF SHARE FALL ABSURD</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson said the severity of the current rout on world stock
+markets was an absurd over-reaction sparked on Wall Street by a
+spreading lack of confidence in the U.S. Economy.
+    Lawson said in a BBC radio interview, "This began on Wall
+Street. It has a lot to do with the American stock market (and)
+a lack of confidence in the U.S. -  and some careless talk by
+those who should have known better."
+    In a further wave of selling this morning in London, the
+FTSE 100 index had lost a further 233.2 points only 50 minutes
+after the official 0800 GMT opening to stand at 1,819.1.
+    Lawson said a correction on world stock markets was to have
+been expected after the bull markets of recent years. "What was
+not expected was the severity of the downturn, which quite
+frankly is rather absurd."
+    He said he saw no fundamental signs why the U.S. Economy
+should go into recession, adding, "Indeed the possibility of
+higher (U.S.) interest rates would certainly in my judgment not
+lead the American economy into a recession."
+    "The only way in which the American economy would go into
+recession was if it actually talks itself into recession," he
+said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20638" NEWID="20043">
+<DATE>20-OCT-1987 05:06:25.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0308&#31;reute
+u f BC-BANK-OF-JAPAN-SEES-ST   10-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN SEES STEADY ECONOMIC RECOVERY</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>The Japanese economy is firmly on the
+recovery path, supported by robust domestic demand, the Bank of
+Japan said in a regular monthly report.
+    The report said industrial production is strengthening as
+manufacturing companies have almost completed adjustments of
+their plant and equipment investment while non-manufacturing
+firms have continued to be positive in their capital spending.
+    Strong domestic demand, such as consumer spending and
+housing investment, will more than offset declining exports,
+the central bank report said. It also noted the continued rise
+in domestic wholesale prices and money supply.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20639" NEWID="20044">
+<DATE>20-OCT-1987 05:07:16.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0311&#31;reute
+f f BC-London's-FTSE-100-sha   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>London's FTSE 100 share index falls below 1,800 - Stock Exchange
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20640" NEWID="20045">
+<DATE>20-OCT-1987 05:08:54.04</DATE>
+<TOPICS><D>coconut</D></TOPICS>
+<PLACES><D>philippines</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0315&#31;reute
+u f BC-PHILIPPINES-APPLAUDS   10-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINES APPLAUDS DEFEAT OF U.S. LABELLING BILL</TITLE>
+<AUTHOR>    By Diane Stormont</AUTHOR>
+<DATELINE>    MANILA, Oct 20 - </DATELINE><BODY>The Philippine coconut industry has
+greeted with relief the defeat in the U.S. Senate of a bill
+requiring some edible oils to be labelled as saturated fats.
+    The bill, which was defeated by the Senate Agriculture
+Committee on Monday, could have cost about 60 mln dlrs a year
+in lost exports, the Philippine Coconut Authority (PCA) said.
+    "Naturally, we welcomed the defeat but there is a chance the
+bill will be resurrected and attached as a rider to another
+Senate bill," a spokesman for the United Coconut Association of
+the Philippines (UCAP).
+    PCA chairman Jose Romero noted the vote was close, with
+eight senators voting for it, 10 against and one abstaining.
+    The UCAP spokesman said the American Soybean Association
+(ASA) had spent about 25 mln dlrs lobbying for the bill.
+    He said the ASA also had obscured the health issue during
+the debate.
+    "Coconut oil is high in saturated fats, but unlike saturated
+animal fats, they do not enter the blood and lymph systems
+leaving fatty deposits connected to heart disease," he said.
+    U.S. Soybean and cottonseed producers had argued that
+saturated fats cause heart disease and that the labels would
+discourage consumption by health conscious consumers in favour
+of domestic unsaturated alternatives.
+    Opponents of the bill said the proposal discriminated
+against imports and would damage the Philippines, Malaysia and
+Indonesia.
+    The Philippines earned 488 mln dlrs from coconut products
+in 1986, up from 477 mln in 1985, UCAP figures show.
+    Exports to the United States for edible and non-edible use
+account for about half of that total, PCA's Romero said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20641" NEWID="20046">
+<DATE>20-OCT-1987 05:17:40.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0331&#31;reute
+u f BC-THAI-STOCKS-PLUNGE-IN   10-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI STOCKS PLUNGE IN REACTION TO WORLDWIDE TREND</TITLE>
+<AUTHOR>    By Vithoon Amorn</AUTHOR>
+<DATELINE>    BANGKOK, Oct 20 - </DATELINE><BODY>Thai stock prices plunged on Tuesday as
+nervous investors unloaded shares on reports of steep declines
+on major world stock markets.
+    Brokers said the Securities Exchange of Thailand Index fell
+a record 36.64 points, or nearly eight pct, to close at 422.37.
+    "It's impossible to halt the slide in this situation. The
+market just doesn't behave logically," said Sirivat
+Voravetvuthikun, executive vice president of Asian Securities
+Trading Co Ltd.
+    But Sirivat said he did not believe the fall would mark the
+end of the SET's 16 month bull run, which has accelerated
+during the last two months. He expected Thai stocks to
+fluctuate widely in the next few weeks.
+    The slide on Tuesday followed a 13.85 point decline of the
+97-stock index on Monday when it closed at 459.01.
+    Brokers said they were flooded with sell orders when the
+market opened this morning and a SET announcement urging
+investors not to panic was ignored.
+    The index reached a record 472.86 last Friday, up 57.7 pct
+from end-June and 128.2 pct higher than last December.
+    SET officials said 77 issues were traded on Tuesday, of
+which all but two declined. Of the losers, 68 plummeted the
+daily maximum 10 pct allowed by the exchange. Prices on the
+special foreign column also fell sharply.
+    SET vice president Suthichai Chitvanich told reporters the
+10 pct floor serves as a restraint, making it unnecessary to
+suspend trading should the panic continue.
+    The Thai exchange has lately been gaining on its own
+strength with most buying coming from local investors.
+    Investors should not be unduly influenced by foreign market
+reports, he added.
+    Suthichai said sound local fundamentals, including low
+interest rates and promising economic growth, favoured
+investment in the stock market.
+    The SET also announced it would release third quarter
+corporate earnings earlier than expected as part of efforts to
+shore up public confidence.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20642" NEWID="20047">
+<DATE>20-OCT-1987 05:28:05.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>mise</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0355&#31;reute
+f f BC-Milan-bourse-opening   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Milan bourse opening delayed one hour to 1200 GMT - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20643" NEWID="20048">
+<DATE>20-OCT-1987 05:31:21.81</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0357&#31;reute
+u f BC-TOKYO-STOCK-PLUNGE-CO   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO STOCK PLUNGE COULD FORCE EASIER MONEY POLICY</TITLE>
+<AUTHOR>    By Rich Miller</AUTHOR>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Plunging Tokyo stock prices will prevent
+the Bank of Japan from raising its discount rate and could even
+force it to ease monetary policy if the collapse continues,
+government and private economists said.
+    A rise in interest rates now would only serve to spark
+further selling of shares that could ultimately have a major
+deflationary impact on the real economy, they said.
+    Although Bank of Japan officials have consistently
+maintained that they had no plans to raise the 2.5 pct discount
+rate, many in the markets have thought otherwise. 
+    Fears of a rise in the discount rate were fanned by the
+central bank's apparent decision last week to countenance
+higher rates on commercial bills, dealers said.
+    But today's stock market collapse -- prices fell nearly 15
+pct -- means that the Bank of Japan would be hard pressed to
+raise the discount rate now, despite its concerns about a
+renewed outbreak of inflation, dealers and economists said.
+    Japanese government bond prices rose sharply today as the
+markets concluded that the stock market's collapse precluded
+the central bank from carrying out the widely-rumoured discount
+rate increase.
+    A senior government economist suggested that both the U.S.
+And Japan needed to ease monetary policy now to prevent a
+further drop in New York and Tokyo stock prices. "They need to
+support the stock and security markets," he said.
+    But Bank of Japan officials said they saw no need to change
+policy for the moment, although one admitted that the central
+bank may have to rethink its strategy if Tokyo stock prices
+continue to plunge during the rest of the week.
+    Both government and Bank of Japan economists agreed the
+economy is better placed now to cope with the deflationary
+impact of plunging stock prices than it was a few months ago.
+    With the economy recovering strongly, the steep drop in
+stock prices is not likely to put a major dent in consumer and
+business confidence, one government economist said.
+    "There will be some impact on the real economy, but it won't
+be that big," said another.
+    Individuals are not heavily invested in stocks on their
+own, although they do participate through trust funds and other
+investment vehicles. And while many manufacturing firms turned
+to financial market investments for profits during last year's
+economic downturn, the recent rebound has allowed them to
+refocus their attention on their core businesses, he said.
+    Paradoxically, it is the pick-up in the economy that is
+partly to blame for the stock market collapse as companies have
+shifted funds away from financial investments to increase
+inventories and step up capital spending, one government
+economist said.
+    In deciding what response to make to the steep stock price
+drop, the Bank of Japan must first determine whether prices
+will continue to fall further and then decide if they pose a
+greater economic danger than the threat of higher inflation,
+one central bank official said. "That will at least take a
+couple of days, if not weeks," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20644" NEWID="20049">
+<DATE>20-OCT-1987 05:34:04.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>mise</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0363&#31;reute
+f f BC-CORRECTED-Milan-Bours   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CORRECTED-Milan Bourse opening delayed an hour to 1000 GMT (NOT 1200 GMT)-official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20645" NEWID="20050">
+<DATE>20-OCT-1987 05:43:10.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE><D>aquino</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0379&#31;reute
+u f BC-AQUINO-SAYS-GROWTH-HA   10-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AQUINO SAYS GROWTH HAS PRIORITY OVER DEBT PAYMENTS</TITLE>
+<DATELINE>    MANILA, Oct 20 - </DATELINE><BODY>President Corazon Aquino said economic
+growth took priority over debt repayments but she sought to
+dispel fears that the Philippines would not honour a July
+agreement rescheduling 13.2 billion dlrs of debt.
+    In a speech to 13 major business groups, Aquino said, "Our
+policy has been very clear fm the start -- growth must take
+priority, for the plain and simple reason that if we have no
+money to pay, we can't. And if we starve the nation of
+essential services, there may be no one around to honour the
+debt."
+    Aquino said her officials would try to get all 483 creditor
+banks to sign the debt rescheduling pact by the November 15
+effective date.
+    "That should end speculation and remove at least one excuse
+for hoarding dollars," Aquino said.
+    Violent fluctuations in the peso's exchange rate and the
+end of a 17-month bull run in local stock markets have
+triggered dollar-hoarding.
+    Aquino said the country's foreign debt, which rose to
+nearly 29 billion dlrs in April, was growing even without fresh
+borrowing.
+    Debt servicing took up 40 pct of the budget and 45 pct of
+export earnings, Aquino said. Over the next six years, the
+Philippines would be paying its creditors 20 billion dlrs while
+getting only four billion dlrs in new loans.
+    Aquino acknowledged there were grave doubts about her
+government's ambitious privatisation program.
+    "There is always an excuse for government not to sell," she
+said, but she added: "I want government to get out of business."
+She said non-performing assets would be sold in open bidding
+and Filipinos and foreigners would compete on equal terms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20646" NEWID="20051">
+<DATE>20-OCT-1987 05:43:53.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0380&#31;reute
+b f BC-E.F.-HUTTON-DENIES-RU   10-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.F. HUTTON DENIES RUMOURED SOLVENCY PROBLEMS</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>Brokerage firm E.F. Hutton Group Inc &lt;EFH>
+is not facing liquidity problems as a result of the fall on
+Wall Street, nor is the firm on the brink of insolvency, London
+joint managing director Harry Romney said.
+    He was replying to Reuter questions about market rumours
+that Hutton could be in financial difficulties.
+    Romney noted the New York-based firm employs 16,000 to
+17,000 people worldwide. Questioned on whether Hutton might be
+considering cutbacks in line with some other big U.S.
+Securities houses, he said Hutton's operations were under
+contuous review, but no announcements were imminent.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20647" NEWID="20052">
+<DATE>20-OCT-1987 05:46:18.76</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0386&#31;reute
+u f BC-RICE-RESEARCH-INSTITU   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RICE RESEARCH INSTITUTE NAMES NEW HEAD</TITLE>
+<DATELINE>    MANILA, Oct 20 - </DATELINE><BODY>The Manila-based International Rice
+Research Institute (IRRI) said West German agricultural
+scientist Klaus Lampe will take over as its director-general in
+early 1988, succeeding M.S. Swaminathan.
+    An IRRI statement said Lampe, 56, is currently senior
+adviser to the German Agency for Technical Cooperation at
+Eschborn and was a former head of the agriculture section of
+the Federal Ministry for Economic Cooperation.
+    It said Swaminathan, who has headed IRRI since 1982, will
+concentrate on environmental and agricultural issues.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20648" NEWID="20053">
+<DATE>20-OCT-1987 05:46:54.39</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>mise</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0392&#31;reute
+b f BC-CONSOB-DELAYS-MILAN-B   10-20 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOB DELAYS MILAN BOURSE OPENING ONE HOUR</TITLE>
+<DATELINE>    MILAN, Oct 20 - </DATELINE><BODY>The opening of the Milan bourse and Italy's
+nine other stock exchanges has been delayed one hour to 1000
+GMT by stock market regulatory agency Consob.
+    A Consob spokesman told Reuters the action was taken "to
+give operators time to reflect on the agreement between
+Treasury Secretary James Baker and West German officials on the
+Louvre accord." He did not elaborate.
+    The Milan Stock Index (MIB), base January 2 equals 1000,
+closed down 6.26 pct yesterday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20649" NEWID="20054">
+<DATE>20-OCT-1987 06:07:59.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0436&#31;reute
+b f BC-STOCK-EXCHAGE-SAYS-NO   10-20 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOCK EXCHAGE SAYS NO QUESTION OF HALTING TRADING</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>A spokeswoman for the London Stock
+Exchange said there was no question of trading being suspended
+because of the unprecedented three-day drop in prices, which
+has seen almost 23 pct wiped off share values.
+    Trading on the Hong Kong market has been called off until
+Monday because of the steep slide on Wall Street amid panic
+selling on all the world's stock exchanges.
+    The Tokyo market was 14.9 pct off last night after a huge
+508 point (22.5 pct) fall on Wall Street yesterday.
+    The Stock Exchange said although the Stock Exchange
+Automated Quotation (SEAQ) system was working perfectly, "fast
+market" conditions may pevail periodically.
+    A "fast market" indicator is displayed at the bottom of the
+SEAQ screen when the huge volume of activity is delaying prices
+from entering the system, making screen prices lag behind the
+prevailing market.
+    Such conditions are reviewed every 30 minutes and at 1000
+GMT were withdrawn and all on screen prices became firm.
+    The Exchange said the mandatory quote period will still end
+at 1600 GMT but depending upon trading activity the market
+indices may again be calculated up to 1630 GMT instead of the
+usual 1600 GMT.
+    At 0945 GMT the FTSE 100 share index was down 259.1 points
+at 1,793.2, 12.6 pct lower so far today.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20650" NEWID="20055">
+<DATE>20-OCT-1987 06:12:19.69</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f0446&#31;reute
+f f BC-Sept-daily-ave-primar   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Sept daily ave primary aluminium output 34,900 tonnes, up 400 tonnes, IPAI.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20651" NEWID="20056">
+<DATE>20-OCT-1987 06:14:40.08</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0447&#31;reute
+f f BC-Blue-Arrow-says-Conse   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Blue Arrow says Conservative Party Chairman Norman Tebbit to join board
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20652" NEWID="20057">
+<DATE>20-OCT-1987 06:18:31.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0462&#31;reute
+u f BC-SAMSUNG-BOND-GOES-CON   10-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAMSUNG BOND GOES CONVERTIBLE BUT NO SHARE DEMAND</TITLE>
+<DATELINE>    SEOUL, Oct 20 - </DATELINE><BODY>The first convertible bond issued by a
+South Korean firm overseas -- by Samsung Electronics Co Ltd
+&lt;SAMS.SE> -- became eligible for conversion but there was no
+demand for shares as the government still bans direct share
+ownership by foreigners, a Samsung official said.
+    "There was no demand from holders, so the lead managers made
+no approach to us to issue shares," the official said.
+    The five pct bond, co-lead managed by S.G. Warburg and
+Goldman Sachs Co, raised 20 mln dlrs when issued in 1985. The
+only other Korean convertible bonds were issued by Daewoo Heavy
+Industries Ltd &lt;DAEW.SE> and &lt;Yukong Ltd>, both in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20653" NEWID="20058">
+<DATE>20-OCT-1987 06:20:40.59</DATE>
+<TOPICS><D>alum</D></TOPICS>
+<PLACES><D>uk</D><D>brazil</D><D>cuba</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f0470&#31;reute
+r f BC-GROUNDED-BRITISH-BAUX   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUNDED BRITISH BAUXITE VESSEL REFLOATED IN ORINOCO</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>The British bulk carrier Envoy, which ran
+aground in the Orinoco river on October 16, was refloated
+without lightening on October 19, Lloyds Shipping Intelligence
+service said.
+    The Envoy, 75,453 tonnes dw, was carrying a cargo of 50,000
+tonnes of bauxite from Brazil to Cuba.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20654" NEWID="20059">
+<DATE>20-OCT-1987 06:21:43.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>zse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0472&#31;reute
+f f BC-Swiss-Stock-Index-fal   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Swiss Stock Index falls 3.7 pct or 38.4 points at opening to 989.5 - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20655" NEWID="20060">
+<DATE>20-OCT-1987 06:27:57.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>austria</D><D>usa</D><D>ussr</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0483&#31;reute
+u f BC-EAST,-WEST-APPROVE-NU   10-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EAST, WEST APPROVE NUCLEAR FUSION ENERGY PROJECT</TITLE>
+<DATELINE>    VIENNA, Oct 20 - </DATELINE><BODY>East and West on Monday decided to go
+ahead with an ambitious nuclear fusion project billed as
+possibly providing an inexhaustible source of energy, the
+International Atomic Energy Agency (IAEA) said.
+    Representatives of the U.S., The Soviet Union, the European
+Community and Japan agreed to develop plans for a revolutionary
+thermonuclear reactor, to produce energy not from splitting
+atoms as in today's nuclear plants, but by joining them.
+    Work is due to begin next year at the Institute for Plasma
+Physics at the Max Planck Foundation near Munich, West Germany,
+and is scheduled for completion by 1990, an IAEA statement
+said.
+    Research into fusion's scientific feasibility has been
+under way for many years but the project approved on Monday,
+known as International Thremonuclear Experimental Reactor
+(ITER) will study if an actual plant could be built.
+    The project represents an unprecedented display of
+East-West scientific cooperation, but a decision will not be
+made until its completion on whether an actual reactor would be
+jointly constructed or by individual participant countries.
+    Dieter Sigmar, a leading U.S. Fusion researcher, said last
+month that the development of a demonstration plant would cost
+several billion dlrs and need at least another 10 years.
+    Fusion plants would produce little radioactive waste.
+    While today's nuclear power plants need uranium, mined in
+only a few countries and producing dangerous waste, fusion
+plants would eventually run only on deuterium, an element
+related to hydrogen and available from almost limitless
+supplies of sea water, according to experts.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20656" NEWID="20061">
+<DATE>20-OCT-1987 06:28:03.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>takeshita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0484&#31;reute
+u f BC-TAKESHITA-FACES-TOUGH   10-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAKESHITA FACES TOUGH ECONOMIC MANAGEMENT JOB</TITLE>
+<AUTHOR>    By Tsukasa Maekawa</AUTHOR>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Former Finance Minister Noboru Takeshita,
+chosen on Monday to be Japan's next prime minister, will face a
+tough test in managing Japan's economy from the very start of
+his two-year term, economists and businessmen said.
+    Takeshita told a news conference on Tuesday that he would
+do his best to continue the domestic reforms and external
+policies of Prime Minister Yasuhiro Nakasone.
+    However, leading Japanese businessmen called on Takeshita
+to outdo Nakasone by showing stronger leadership.
+    "Takeshita should not merely follow the Nakasone policies
+but should cope with mounting economic issues with a new vision
+and policies," Takashi Ishihara, chairman of the Japan Committee
+for Economic Development, said in a statement.
+    Economists generally agreed that there will be no major
+changes in Japan's economic policies under a new leader.
+    However, expectations are high among major industries for
+new initiatives by Takeshita for immediate and effective
+measures to solve economic problems such as trade friction with
+the U.S., Administrative and tax reforms, and soaring land
+prices.
+    Eishiro Saito, chairman of the Federation of Economic
+Organisations (Keidanren), urged Takeshita to succeed in
+unifying the ruling Liberal Democratic Party as soon as
+possible to tackle difficult tasks.
+    Regarding foreign economic polices, Yoshitoki Chino,
+chairman of the Japan Securities Dealers Association, said
+Takeshita should come up with economic measures well before
+economic issues develop into problems.
+    Behind those calls on Takeshita for prompt action are
+doubts about his capability in handling international issues
+due to his lack of experience in diplomacy, economists said.
+     Economists said foreign countries should be patient with
+Takeshita, who is widely known as an ultra-cautious politician.
+    Takeshita has repeatedly said, "There should be consensus
+before taking action."
+    Takeshita has so far failed to unveil specific measures to
+reduce Japan's huge trade surplus, economists said.
+    He has said Japan will continue to stimulate the economy
+and to open the market wider to foreign products.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20657" NEWID="20062">
+<DATE>20-OCT-1987 06:32:05.96</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0496&#31;reute
+f f BC-U.K.-SEPTEMBER-M3-RIS   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. SEPTEMBER M3 RISES 0.8 PCT, M0 UP 0.8 PCT - BANK OF ENGLAND.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20658" NEWID="20063">
+<DATE>20-OCT-1987 06:32:31.54</DATE>
+<TOPICS><D>money-supply</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0497&#31;reute
+f f BC-U.K.-SEPTEMBER-STERLI   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. SEPTEMBER STERLING BANK LENDING UP 4.4 BILLION STG - OFFICIAL.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20659" NEWID="20064">
+<DATE>20-OCT-1987 06:36:57.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0505&#31;reute
+u f BC-JAPANESE-STOCK-PLUNGE   10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE STOCK PLUNGE RAISES FUNDING PROBLEMS</TITLE>
+<AUTHOR>    By James Kynge</AUTHOR>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>The massive plunge in Tokyo stock prices on
+Tuesday could rob the Government of much-needed revenue to spur
+Japan's economy, and may hurt banks' ability to lend abroad,
+analysts polled by Reuters said.
+    "The Japanese Government is depending on the sale of NTT
+(Nippon Telegraph and Telephone Corp &lt;NCCT.T>) shares for much
+of its public spending budget," said Shigeo Suzuki, a deputy
+general manager at the Industrial Bank of Japan.
+    Japan had hoped to raise at least 5,000 billion yen from
+the sale of 1.95 mln NTT shares on November 10.
+    However, the 14.9 pct plunge in the Tokyo share index today
+has made such plans look unrealistic, analysts said.
+    "The government could defer the sale of NTT or they could
+offer fewer shares," said Keikichi Honda, general manager of
+economic research at the Bank of Tokyo Ltd.
+    Honda said another possibility is that the underwriters
+handling the NTT sale would have to pay the Government the
+amount it expected to get and bear the brunt of any losses
+themselves. "That is what underwriting means," he added.
+    A Finance Ministry official confirmed that the government
+planned to go ahead with its sale of NTT shares on November 10.
+    Another possible effect of Tokyo's stock tumble would be to
+seriously undermine the asset base of Japanese banks.
+    The banks lend money all over the world and regard the
+market value of stock holdings as assets, analysts said.
+    "Japanese banks make loans using perhaps as much as 60 to 70
+pct of the market value of their unrealised stock holdings as
+assets," said Industrial Bank's Suzuki.
+    There is also concern that Japanese companies, which have
+invested heavily in Tokyo's stocks as their real business
+declined over the last two years, have sustained heavy losses.
+    "Many companies, mainly export-oriented companies, were
+planning on selling their shares for a profit to reinvest in
+real businesses as the economy begins to pick up," said one
+analyst at a foreign brokerage. "That prospect now looks dim."
+    But analysts said it is unlikely companies or financial
+institutions will be bankrupted by losses in stock trading.
+    "I don't think any company is so badly exposed in stock
+investments," said a senior analyst at Nomura Research
+Institute. "In terms of financial institutions, luckily the
+rebounding bond market and currency markets are still
+profitable," he added.
+    The Nomura analyst said a 10 pct decline in Tokyo stocks
+would be translated into a fall of about 0.2 pct in consumer
+spending. Some 20 pct of Tokyo stocks are owned by individuals.
+    Market capitalisation on the Tokyo Stock Exchange fell to
+329,588 billion yen on Tuesday from 386,041 billion at Monday's
+close.
+    NTT shares ended 260,000 yen lower at 2.65 mln each, well
+down from their peak of 3.18 mln in April.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20660" NEWID="20065">
+<DATE>20-OCT-1987 06:37:24.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0506&#31;reute
+f f BC-Stoltenberg-says-glob   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Stoltenberg says global share price crash overdone and unfounded
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20661" NEWID="20066">
+<DATE>20-OCT-1987 06:39:03.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ase</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0509&#31;reute
+f f BC-Amsterdam-all-share-i   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Amsterdam all-share index down 13.3 pct at 1015 GMT - bourse
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20662" NEWID="20067">
+<DATE>20-OCT-1987 06:40:03.06</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0511&#31;reute
+f f BC-U.K.-shares-fall-furt   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. Shares fall further on September bank lending data - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20663" NEWID="20068">
+<DATE>20-OCT-1987 06:40:41.92</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0512&#31;reute
+f f BC-Stoltenberg-says-meet   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Stoltenberg says meeting with Baker underscored monetary cooperation
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20664" NEWID="20069">
+<DATE>20-OCT-1987 06:42:49.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0514&#31;reute
+f f BC-LONDON---U.S.,-UK-GOV   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LONDON - U.S., UK GOVT BONDS RISE SHARPLY ON STOLTENBERG COMMENTS -DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20665" NEWID="20070">
+<DATE>20-OCT-1987 06:44:26.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0516&#31;reute
+u f BC-STOLTENBERG-SAYS-GLOB   10-20 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG SAYS GLOBAL SHARE CRASH OVERDONE</TITLE>
+<DATELINE>    BONN, Oct 20 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg said the global share price crash was overdone and
+unfounded.
+    Stoltenberg was speaking at a press conference.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20666" NEWID="20071">
+<DATE>20-OCT-1987 06:48:02.76</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>stoltenberg</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0523&#31;reute
+b f BC-STOLTENBERG-SAYS-BAKE   10-20 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG SAYS BAKER MEETING UNDERSCORES ACCORD</TITLE>
+<DATELINE>    BONN, Oct 20 - </DATELINE><BODY>West German Finance minister Gerhard
+Stoltenberg said the meeting on Monday with U.S. Treasury
+Secretary James Baker underscored the determination of the U.S.
+And West Germany to continue close cooperation to stabilise
+foreign exchange rates.
+    Stoltenberg told a news conference "The statement released
+yesterday (Monday) after the private meeting .... Emphasized
+our determination to continue the close economic cooperation
+regarding foreign exchange stabilization and monetary policy."
+    Stoltenberg said that he, Baker and Bundesbank President
+Karl Otto Poehl had a very constructive discussion and had all
+reached a positive evaluation of the Louvre accord during their
+meeting on Monday.
+    Stoltenberg said initial contacts with several European
+counterparts showed that they shared this view. "We expect the
+declaration of our unified position to have a positive effect,"
+he said.
+    He noted that the dollar firmed again in late U.S. Trading
+after the outcome of the Baker meeting was published.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20667" NEWID="20072">
+<DATE>20-OCT-1987 06:52:10.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0530&#31;reute
+f f BC-LONDON---Goldman-Sach   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LONDON - Goldman Sachs official denies rumours of solvency problems
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20668" NEWID="20073">
+<DATE>20-OCT-1987 06:52:59.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>fse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0531&#31;reute
+f f BC-Frankfurt-bourse-open   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Frankfurt bourse opens up to eight pct down, partially recovers - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20669" NEWID="20074">
+<DATE>20-OCT-1987 06:54:16.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0533&#31;reute
+f f BC-London'-FTSE-100-shar   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>London' FTSE 100 share index down 300.6 points to 1,751.7 at 1052 GMT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20670" NEWID="20075">
+<DATE>20-OCT-1987 06:55:19.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0537&#31;reute
+b f BC-U.K.-TORY-PARTY-CHAIR   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. TORY PARTY CHAIRMAN TEBBIT TO JOIN BLUE ARROW</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>Conservative Party chairman Norman Tebbit,
+who plans to give up the post an a date yet to be set, is
+joining Blue Arrow Plc &lt;BAWL.L> as a non-executive director,
+Blue Arrow said.
+    Blue Arrow, which has just completed the purchase of U.S.
+Employment agency &lt;Manpower Inc>, said Tebbit is joining the
+board along with Michael Davies as non-executive directors from
+November 1.
+    Davies is a director of several publicly-listed companies,
+including British Airways Plc &lt;BAB.L>, and TI Group Plc
+&lt;TIGL.L>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20671" NEWID="20076">
+<DATE>20-OCT-1987 06:57:24.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0542&#31;reute
+b f BC-NIKKO-PULLS-INTEC-EQU   10-20 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIKKO PULLS INTEC EQUITY WARRANT BOND</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>A 100 mln dlr equity warrant bond for
+Intec Inc &lt;INTT.T> of Japan has been cancelled because of
+turbulent market activity following today's 14.9 pct plunge in
+Tokyo stock prices, Nikko Securities Co (Europe) Ltd said as
+lead manager.
+    The five year issue, on launched October 13, had terms
+fixed yesterday, when it last traded at a bid only price of
+less 2-1/4 pct, placing it on total fees, Nikko officials said.
+    Indeed, dealers said stock price volatility shut down
+trading altogether in Japanese equity related debt issues today
+and cast doubt on the new issue calendar for the next few
+weeks, during which as many as eight new deals were to be
+launched.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20672" NEWID="20077">
+<DATE>20-OCT-1987 06:59:20.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0546&#31;reute
+b f BC-GOLDMAN-SACHS-DENIES   10-20 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDMAN SACHS DENIES RUMOURS OF SOLVENCY PROBLEM</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>&lt;Goldman Sachs and Co> is not facing
+severe financial problems and has not filed for protection
+under U.S. Bankruptcy laws, Robert Conway, managing director of
+Goldman Sachs International Corp said.
+    He was responding to a Reuter enquiry about rumours in
+London financial markets that the firm was in financial
+trouble.
+    "There is absolutely, positively no truth to those rumours,"
+he said noting that in the current financial environment
+rumours like this are bound to surface.
+    Conway said that Goldman Sachs has had an excellent year
+and that it has a strong balance sheet and good liquidity.
+    "You can't be in the equity market as we are and not
+experience some problems after a day like yesterday (when the
+Dow Jones Industrial Average dropped 508 points). But we are
+not facing any severe financial problems," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20673" NEWID="20078">
+<DATE>20-OCT-1987 06:59:26.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0548&#31;reute
+f f BC-Stoltenberg-says-Louv   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Stoltenberg says Louvre accord vital to West Germany
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20674" NEWID="20079">
+<DATE>20-OCT-1987 07:08:37.80</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>inro</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f0568&#31;reute
+u f BC-INRO-COUNCIL-MEETING   10-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INRO COUNCIL MEETING ADJOURNED UNTIL THURSDAY</TITLE>
+<DATELINE>    KUALA LUMPUR, Oct 20 - </DATELINE><BODY>A Council meeting of the
+International Natural Rubber Organization (INRO) has been
+adjourned until Thursday as tomorrow is a Malaysian national
+holiday, officials of the organisation said.
+    The main issue at the talks, which opened here yesterday,
+has been the INRO buffer stock and the manner in which the
+buffer stock manager should continue to sell rubber after the
+current international pact for the commodity expires on October
+22, they said.
+    The deadline for the start of the new pact is January 1989.
+    Buffer stock manager Aldo Hofmeister has been mandated to
+continue selling rubber during the interim period.
+    Other issues discussed include ratification of the new
+accord, the officials said.
+    Only Malaysia of the pact's 32 producing and consuming
+member countries had ratified the new agreement by the
+beginning of this month.
+    The meeting is due to end on Thursday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20675" NEWID="20080">
+<DATE>20-OCT-1987 07:10:17.44</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0573&#31;reute
+b f BC-LOUVRE-ACCORD-VITAL-T   10-20 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUVRE ACCORD VITAL TO W.GERMANY - STOLTENBERG</TITLE>
+<DATELINE>    BONN, Oct 20 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg said the Louvre accord was vital to West Germany.
+    Stoltenberg told a news conference "Given West Germany's
+unusually high dependence on world trade and exports, it is
+vital for West Germany ... To continue its constructive
+contribution to trusting (international) cooperation on the
+basis of the Louvre accord."
+    Some monetary analysts have speculated that
+inflation-conscious Bundesbank vice president Helmut
+Schlesinger may have been leading the central bank to a course
+of tighter monetary policy.
+    Stoltenberg is due to attend a routine Bundesbank meeting
+on Thursday in West Berlin. He declined to forecast what, if
+any, policy decisions the Bundesbank might take.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20676" NEWID="20081">
+<DATE>20-OCT-1987 07:11:42.05</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0576&#31;reute
+f f BC-Stoltenberg-does-not   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Stoltenberg does not rule out central bank intervention to stabilize currencies
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20677" NEWID="20082">
+<DATE>20-OCT-1987 07:12:33.87</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0577&#31;reute
+f f BC-Further-marked-dollar   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Further marked dollar fall would burden U.S. Trade deficit -Stoltenberg
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20678" NEWID="20083">
+<DATE>20-OCT-1987 07:14:25.67</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0582&#31;reute
+f f BC-Stoltenberg-declines   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Stoltenberg declines comment on possible changed targets for currencies
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20679" NEWID="20084">
+<DATE>20-OCT-1987 07:19:44.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f0592&#31;reute
+f f BC-LONDON---Goldman-Sach   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LONDON - GOLDMAN SACHS OFFICIAL DENIES RUMOURS OF SOLVENCY PROBLEMS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20680" NEWID="20085">
+<DATE>20-OCT-1987 07:20:31.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0594&#31;reute
+r f BC-GERMAN-NEW-CAR-REGIST   10-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN NEW CAR REGISTRATIONS RISE IN SEPTEMBER</TITLE>
+<DATELINE>    FLENSBURG, West Germany, Oct 20 - </DATELINE><BODY>West German new car
+registrations rose four pct last month compared with September
+1986, and were 28 pct higher than August's figure, the Federal
+Motor Office said.
+    September new car registrations totalled 234,518, up from
+225,581 in the same month a year ago and from 183,224 in
+August.
+    In the first nine months of this year, new car
+registrations rose 2.9 pct to 2.18 mln from 2.12 mln during
+January/September 1986.
+    Total vehicle registrations in the period rose to 2.42 mln
+from 2.35 mln in January/September last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20681" NEWID="20086">
+<DATE>20-OCT-1987 07:20:51.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0595&#31;reute
+f f BC-German-Boersen-Zeitun   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German Boersen-Zeitung share index only 1.2 pct down at bourse start
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20682" NEWID="20087">
+<DATE>20-OCT-1987 07:22:19.34</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0599&#31;reute
+b f BC-STOLTENBERG-DECLINES   10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG DECLINES COMMENT ON CURRENCY ZONES</TITLE>
+<DATELINE>    BONN, Oct 20 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg declined to comment on whether unpublished target
+zones for currencies agreed at last February's Louvre accord
+had been changed as a result of the meeting on Monday with U.S.
+Treasury Secretary James Baker.
+    He was asked about target zones at a news conference in
+Bonn. Stoltenberg referred to a statement released after
+Monday's meeting, which said continuing cooperation was aimed
+at promoting currency stability at current levels. This was the
+same formula used in the text of the Louvre accord, he noted.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20683" NEWID="20088">
+<DATE>20-OCT-1987 07:25:52.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f0616&#31;reute
+r f BC-MEXICAN-STOCKMARKET-H   10-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICAN STOCKMARKET HEAD SEES NO CRISIS AFTER FALL</TITLE>
+<DATELINE>    MEXICO CITY, Oct 19 - </DATELINE><BODY>The outlook for Mexico's economy and
+stockmarket remains optimistic despite the market's worst-ever
+fall of 52,671.56 points on Monday, the president of the
+Mexican stock exchange, Manuel Somoza, said.
+    He said the 16.51 pct drop in the exchange's index
+reflected a "totally emotional" reaction to Monday's fall on the
+New York stock exchange and was not a reflection of a new
+crisis for the Mexican economy or the stockmarket."
+    He was speaking at a news conference here on Monday.
+    "We think that after the psycological effect the market will
+tend to stabilize itself," Somoza said.
+    Somoza said he based his optimism on the relatively bright
+outlook of the Mexican economy due to increased income from oil
+and non-petroleum exports, record high foreign reserves and
+government efforts to promote a modernization of the industrial
+sector.
+    "The U.S. Economy is not the same as the Mexican," he said.
+He did not say when he thought the market would stabilize.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20684" NEWID="20089">
+<DATE>20-OCT-1987 07:27:27.98</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0620&#31;reute
+b f BC-STOLTENBERG-DOES-NOT   10-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG DOES NOT RULE OUT INTERVENTION</TITLE>
+<DATELINE>    BONN, Oct 20 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg said he could not rule out the possibility of
+central bank intervention to support currencies.
+    Asked at a news conference whether central banks were
+prepared to intervene to defend currencies, he said "We cannot
+rule out the use of any instrument which leads to foreign
+currency stability."
+    However, he added that in the end, it was market forces
+which prevailed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20685" NEWID="20090">
+<DATE>20-OCT-1987 07:31:15.99</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>cyprus</D><D>iran</D><D>usa</D></PLACES>
+<PEOPLE><D>aqazadeh</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0632&#31;reute
+b f BC-IRAN-SAYS-U.S.-RAID-C   10-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAYS U.S. RAID CAUSED 500 MLN DLRS DAMAGE</TITLE>
+<DATELINE>    NICOSIA, Oct 20 - </DATELINE><BODY>U.S. Attacks on two Iranian oil platforms
+in the Gulf -- both of which were still blazing -- caused
+damage estimated at 500 mln dlrs, Tehran Radio quoted Iranian
+Oil Minister Gholamreza Aqazadeh as saying.
+    The rigs, one of which was heavily shelled by four American
+destroyers on Monday, were still burning almost 24 hours after
+the attack and could cause widespread pollution in the Gulf,
+the minister told a news conference in Tehran. He said the
+Reshadat rigs, 120 miles (200 km) east of Bahrain in
+international waters, were in the final stages of
+reconstruction after an attack by Iraqi jets last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20686" NEWID="20091">
+<DATE>20-OCT-1987 07:43:26.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D><D>australia</D><D>usa</D><D>thailand</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T 
+&#22;&#22;&#1;f0662&#31;reute
+r f BC-AUSTRALIAN-MINISTER-S   10-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRALIAN MINISTER SEES HOPE FOR FARM REFORM</TITLE>
+<DATELINE>    KUALA LUMPUR, Oct 20 - </DATELINE><BODY>Australia's Minister for Trade
+Negotiations is optimistic that progress is possible on
+reducing the large subsidies which the European Community and
+United States grant their farmers.
+    Michael Duffy said a European Commission scheme to reform
+the EC Common Agricultural Policy and U.S. Plans to eliminate
+farm subsidies over 10 years are steps in the right direction.
+    "I am hopefully optimistic... There is goodwill in
+agricultural reform being shown by the USA, the EC and the
+Cairns Group," he told reporters.
+    Duffy said the Cairns Group of 14 agricultural and
+commodity producers is on the verge of agreeing a common
+position for forthcoming General Agreement on Tariffs and Trade
+(GATT) talks on farm subsidies.
+    The group, which includes Australia and Malaysia, advocates
+free farm trade and says U.S., European and Japanese subsidies
+are stopping it competing in its traditional markets.
+    Duffy is on a two-day visit to Malaysia after talks in
+North and South America, the EC and Thailand, and leaves for
+Indonesia on Wednesday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20687" NEWID="20092">
+<DATE>20-OCT-1987 07:51:30.31</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>syria</D><D>iran</D><D>usa</D></PLACES>
+<PEOPLE><D>mousavi</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0682&#31;reute
+b f BC-IRANIAN-PREMIER-REITE   10-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRANIAN PREMIER REITERATES WARNING OF RETALIATION</TITLE>
+<DATELINE>    DAMASCUS, Oct 20 - </DATELINE><BODY>Iranian Premier Mir-Hossein Mousavi
+reiterated his country would retaliate for U.S. Navy attacks on
+Gulf oil platforms.
+    "The U.S. Attack on Iran's oil platforms jeopardises our
+national sovereignty ... And we will retaliate properly for
+this perfidious American aggression," Mousavi told a news
+conference in Damascus.  On Monday U.S. Navy warships blasted
+the Rostam platform, and Navy personnel stormed a second
+platform a few miles away. Washington said the operation was
+aimed at destroying positions used by Iran to track and assault
+neutral Gulf shipping.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20688" NEWID="20093">
+<DATE>20-OCT-1987 07:53:27.52</DATE>
+<TOPICS><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0686&#31;reute
+u f BC-INDONESIA-FINDS-NEW-O   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA FINDS NEW OFFSHORE OIL AND GAS RESOURCES</TITLE>
+<DATELINE>    JAKARTA, Oct 20 - </DATELINE><BODY>The Indonesian state-owned oil company
+Pertamina has found new offshore oil and gas resources in East
+Aceh, on the western tip of northern Sumatra, a company
+spokesman said.
+    The spokesman said the discovery was made at the GOS IA-1
+offshore exploratory well about 38 kms east of Langsa in Aceh.
+    "Oil and gas are found in sand layers at the depth of 2,300
+metres within the Baong formation," he said.
+    He said preliminary tests showed that the well could flow
+oil at the rate of 1,320 barrels a day with 50 degrees API at
+20 degrees centigrade through a 5/8 inch choke.
+    "The well also flows natural gas at the rate of 12 mln
+standard cubic feet a day," he added.
+    GOS IA-1 well, located at a water depth of 41 metres, was
+drilled under a production sharing contract between Pertamina
+and Japex North Sumatra Ltd, each having 50 pct shares.
+    "Petroleum operations are to be carried out by Pertamina as
+operator through a joint operating body established by the two
+companies," the Pertamina spokesman stated.
+    The contract covers the Gebang block contract area. The two
+companies have previously completed the drilling of GOS IIA-1
+exploratory well, around 14 kms south of GOS IA-1.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20689" NEWID="20094">
+<DATE>20-OCT-1987 07:58:30.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T 
+&#22;&#22;&#1;f0697&#31;reute
+u f BC-MINISTERS-BACK-EC-FAR   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINISTERS BACK EC FARM TRADE REFORM PLAN</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 20 - </DATELINE><BODY>European Community (EC) ministers
+backed a commission plan for the reform of world farm trade,
+which is due to be presented to GATT later this month, EC
+diplomats said.
+    The plan has been drawn up by the EC executive Commission
+in response to U.S. Calls in GATT (General Agreement on Tariffs
+and Trade) for an end to all farm subsidies within the next 10
+years. EC foreign ministers agreed that despite reservations by
+some member states, the plan should be presented to the next
+meeting of the GATT farm negotiating group in Geneva on October
+26, diplomats said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20690" NEWID="20095">
+<DATE>20-OCT-1987 08:01:46.58</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>indonesia</D></PLACES>
+<PEOPLE><D>suharto</D><D>subroto</D></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0706&#31;reute
+u f BC-INDONESIA-SAYS-IT-WIL   10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDONESIA SAYS IT WILL EXTEND OIL CONTRACTS</TITLE>
+<DATELINE>    JAKARTA, Oct 20 - </DATELINE><BODY>Indonesia told the oil industry on
+Tuesday it will extend contracts on producing blocks and
+improve the investment climate, but wants to see increased
+expenditure on exploration in return.
+    President Suharto, in an opening speech to the Indonesian
+Petroleum Association, said Indonesia was ready to extend
+contracts held by foreign oil companies on producing areas.
+    "In order to boost investment in the petroleum industry, the
+government of Indonesia has basically approved of extending
+production sharing contracts under the present laws," Suharto
+said.
+    "Apart from that, the government will keep improving the
+investment climate in order to accelerate the development of
+the petroleum industry," he said.
+    Indonesian Energy Minister Subroto told the Association he
+was aware that the oil industry needed to be assured that
+contracts on blocks expiring within the next 10 years would be
+renewed before they would invest in further exploration.
+    "As we all have heard this morning, the President is fully
+aware of this situation," Subroto said.
+    "The government has already made the political decision to
+entertain this time problem by inviting the existing producers
+to continue their activities in Indonesia, albeit on a
+selective basis."
+    Indonesia, one of the 13 members of OPEC, must find new oil
+reserves if it is to remain an exporter in the next decade, oil
+industry sources say.
+    Subroto said the government was also working to ease other
+problems, including granting easier terms for remote areas or
+deep water conditions.
+    But Subroto said relations with oil companies were two-way
+and that they should step up expenditure on oil exploration now
+that the oil price had recovered.
+    President Suharto said he wanted to see greater transfer of
+technology to Indonesian companies, and more help from the oil
+industry for the regions in which companies operated.
+    Abdul Rachman Ramly, the President of state oil company
+Pertamina, has said that budgeted exploration and production
+expenditure for all oil companies in Indonesia was forecast to
+fall to 3.1 billion dlrs in calendar 1987 from 3.4 billion in
+1986.
+    Pertamina has 69 production-sharing or joint operation
+contracts with foreign oil companies.
+    Subroto said speeding up necessary approvals for field
+operations was a government priority. There had been
+misunderstandings between the government and the oil industry
+in certain areas, such as when a field is designated
+commercial, and a thorough evaluation was being made.
+    He said the government wanted to finalise contract
+extensions as soon as practical, and urged the industry in the
+meantime to maintain its exploration drive.
+    Subroto said Indonesia needed the companies to maintain
+exploration efforts, even if their contract was due to expire
+within 10 years. "This need in itself is some sort of guarantee
+that we will soon have to come up with an extension agreement."
+    Eleven major contract areas are due to come up for renewal
+between 1991 and 2001, industry sources said.
+    Extension of the contracts on the blocks has involved
+detailed negotiations but so far no extension has been granted.
+    Subroto told reporters afterwards that contract extensions
+would be selective, based on how much capital would be
+invested.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20691" NEWID="20096">
+<DATE>20-OCT-1987 08:11:03.12</DATE>
+<TOPICS><D>gold</D><D>copper</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>comex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f0742&#31;reute
+f f BC-COMEX-RAISING-M   10-20 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COMEX RAISING MARGINS FOR GOLD AND COPPER  FUTURES EFFECTIVE AT TODAY'S OPENING - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20692" NEWID="20097">
+<DATE>20-OCT-1987 08:11:22.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0745&#31;reute
+f f BC-LONDON-U.S.-TREASURY   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LONDON-U.S. TREASURY 30-YEAR BOND AT 95-18/32, UP NEARLY 5.0 POINTS -DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20693" NEWID="20098">
+<DATE>20-OCT-1987 08:11:51.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0748&#31;reute
+f f BC-LONDON-U.S.-TREASURY   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LONDON-U.S. TREASURY 30-YEAR BOND AT 95-18/32, UP NEARLY 5.0 POINTS -DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20694" NEWID="20099">
+<DATE>20-OCT-1987 08:12:36.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>hkse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0750&#31;reute
+r f BC-STOCK-CLOSURE-MAY-HAR   10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOCK CLOSURE MAY HARM H.K. REPUTATION - OFFICIALS</TITLE>
+<DATELINE>    HONG KONG, Oct 20 - </DATELINE><BODY>Stockbrokers and legislators welcomed
+the suspension of trading on the local market after Monday's
+record fall, but some said the suspension was too long and
+could harm the territory's reputation as a financial centre.
+    Announcing the suspension until next Monday, stock exchange
+chairman Ronald Li said earlier today "This will protect
+investors and allow brokers to settle a backlog of orders."
+    But legislator David Li, who is also managing director of
+the Bank of East Asia, while weloming the move, said a one-day
+halt would have been enough.
+    "I believe the exchange is over-reacting. A long suspension
+will damage Hong Kong's reputation as a financial centre and
+hurt foreign investors' confidence," David Li said.
+    Legislator Hui Yin-fat echoed this view. "What will they do
+if the market resumes its fall next week ?" he asked.
+    Legislator Lee Yu-tai said small investors would be
+hard-hit by the decision. He said some were paying interest on
+loans to purchase stock and a long suspension increased their
+losses.
+    Financial Secretary Piers Jacobs said the decision was
+explainable, but he added, "It does seem rather a long time."
+    However, George Tan, assistant director of Greenwell
+Montagu (Far East) Ltd, said the suspension was wise. "Hong Kong
+is a volatile market and this will let things settle down," he
+said.
+    Other brokers agreed. "At least this gives us a bit of
+breathing space," said one.
+    John MacKenzie, chairman of the Hong Kong Association of
+Banks, said "I feel that it is not at all a bad thing that
+investors and investment mnanagers be given a breathing space."
+    Hong Kong's main share indicator, the Hang Seng index, fell
+420.81 points to 3,362.39 on Monday - its biggest ever one-day
+fall in real terms.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20695" NEWID="20100">
+<DATE>20-OCT-1987 08:13:02.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>fse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0753&#31;reute
+f f BC-Frankfurt-bourse-exte   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Frankfurt bourse extends trading by half-hour to 1300 GMT - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20696" NEWID="20101">
+<DATE>20-OCT-1987 08:17:36.42</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>iran</D><D>usa</D><D>cyprus</D></PLACES>
+<PEOPLE><D>aqazadeh</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0770&#31;reute
+b f BC-IRAN-PLANS-TO-FILE-LA   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN PLANS TO FILE LAWSUITS OVER U.S. RAID</TITLE>
+<DATELINE>    NICOSIA, Oct 20 - </DATELINE><BODY>Iran is preparing lawsuits to file for
+compensation from the U.S. Over the American raid on its Gulf
+oil platforms, Tehran radio quoted Iranian Oil Minister
+Gholamreza Aqazadeh as saying.
+    The lawsuits would be filed with competent international
+bodies once the exact damage was calculated, he was quoted
+telling a news conference in Tehran. He earlier estimated the
+damage from the U.S. Raid at about 500 mln dlrs.
+    The rigs, one of which was heavily shelled by four American
+destroyers on Monday, were still burning almost 24 hours after
+the attack, he said.
+    Aqazadeh said the half-billion-dollar damage estimate was
+preliminary. Washington has said the attack was in response to
+a missile strike against the American-flag tanker the Sea Isle
+City in Kuwaiti waters on Friday.
+    He denied that there was any military hardware on the rigs
+"except a 23 mm machinegun for air defence." Reacting to
+Weinberger's remark that Washington considered the case closed,
+Aqazadeh said: "Iran will also consider the case closed after
+its retaliatory measure." Iranian officials have said their
+response would not be limited to the Gulf and U.S. Interests
+around the world might come under attack.
+    Aqazadeh said the U.S. Military presence in the Gulf
+aggravated the regional crisis and made access to the region's
+oil more difficult, but he did not see the U.S. Attack
+significantly affecting oil prices.
+    IRNA said he gave no explicit reply when asked if the
+attack would prompt Iran to block the Hormuz Strait at the
+entrance to the Gulf.
+    "If Iran cannot use the Hormuz Strait, no other country can
+either, and this would be to everyone's harm," the radio quoted
+him as saying.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20697" NEWID="20102">
+<DATE>20-OCT-1987 08:22:17.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>fse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0783&#31;reute
+f f BC-FRANKFURT-BOURSE-EXTE   10-20 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKFURT BOURSE EXTENDS TRADING HOURS</TITLE>
+<DATELINE>    FRANKFURT, Oct 20 - </DATELINE><BODY>The Frankfurt bourse extended official
+trading hours by half an hour to 1300 GMT due to heavy
+turnover, a spokeswoman for the Frankfurt bourse said.
+    It was not immediately clear whether the other seven German
+bourses were also affected. Yesterday trading hours were also
+extended by half an hour.
+    The Boersen-Zeitung 30-share index started at 351.02 today,
+after closing yesterday at 355.34. It rose to 352.15 at
+midsession but slipped back to 351.24 at 1200 GMT.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20698" NEWID="20103">
+<DATE>20-OCT-1987 08:23:37.43</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>iran</D><D>usa</D></PLACES>
+<PEOPLE><D>mousavi</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f0785&#31;reute
+u f BC-IRANIAN-PREMIER-REITE   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRANIAN PREMIER REITERATES WARNING OF RETALIATION</TITLE>
+<DATELINE>    DAMASCUS, Oct 20 - </DATELINE><BODY>Iranian Premier Mir-Hossein Mousavi
+reiterated his country would retaliate for U.S. Navy attacks on
+Gulf oil platforms.
+    "The U.S. Attack on Iran's oil platforms jeopardises our
+national sovereignty ... And we will retaliate properly for
+this perfidious American aggression," Mousavi told a news
+conference in Damascus.  On Monday U.S. Navy warships blasted
+the Rostam platform, and Navy personnel stormed a second
+platform a few miles away. Washington said the operation was
+aimed at destroying positions used by Iran to track and assault
+neutral Gulf shipping.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20699" NEWID="20104">
+<DATE>20-OCT-1987 08:25:57.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0792&#31;reute
+f f BC-DOLLAR-EUROBOND-TRADI   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOLLAR EUROBOND TRADING HALTS AS TREASURY MARKET SPIRALS UPWARDS-DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20700" NEWID="20105">
+<DATE>20-OCT-1987 08:28:30.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0794&#31;reute
+r f BC-MUSICLAND-GROUP-INC-&lt;   10-20 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUSICLAND GROUP INC &lt;TMG> 3RD QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 20 -
+    </DATELINE><BODY>Shr 28 cts vs 14 cts
+    Net 3,110,000 vs 1,286,000
+    Revs 112.7 mln vs 93.8 mln
+    Avg shrs 11.2 mln vs 9,148,000
+    Nine mths
+    Shr 58 cts vs 15 cts
+    Net 6,377,000 vs 1,332,000
+    Revs 307.8 mln vs 233.8 mln
+    Avg shrs 10.9 mln vs 9,148,000
+    NOTE: Company 81.4 pct owned by Primerica Corp &lt;PA>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20701" NEWID="20106">
+<DATE>20-OCT-1987 08:30:55.54</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0799&#31;reute
+f f BC-U.S.-SEPT-HOUSI   10-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SEPT HOUSING STARTS ROSE 4.4 PCT TO 1.669 MLN, PERMITS FELL 0.6 PCT TO 1.493 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20702" NEWID="20107">
+<DATE>20-OCT-1987 08:35:55.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0817&#31;reute
+f f BC-AMERICAN-MEDICA   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN MEDICAL INTERNATIONAL TO REPURCHASE UP TO 150 MLN DLRS OF COMMON STOCK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20703" NEWID="20108">
+<DATE>20-OCT-1987 08:36:35.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0819&#31;reute
+f f BC-Liffe-T-Bond-futures   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LIFFE T-BOND FUTURES OVER 10 POINTS UP IN UNPRECEDENTED SURGE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20704" NEWID="20109">
+<DATE>20-OCT-1987 08:38:46.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0822&#31;reute
+r f BC-DIRECT-ACTION-&lt;DMK>-C   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIRECT ACTION &lt;DMK> CALLS SHAREHOLDER MEETING</TITLE>
+<DATELINE>    LAKE SUCCESS, N.Y., Oct 20 - </DATELINE><BODY>Direct Action Marketing Inc
+said it has called a shareholder meeting for a vote on the
+election of directors for January 27.
+    Last week, Ocilla Industries Inc &lt;OCIL.O>, a Direct Action
+shareholder, had said it would seek to elect its own board
+slate at the next shareholder meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20705" NEWID="20110">
+<DATE>20-OCT-1987 08:38:48.40</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0823&#31;reute
+f f BC-GREAT-WESTERN-F   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GREAT WESTERN FINANCIAL CORP 3RD QTR NET SHR 45 CTS VS 64 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20706" NEWID="20111">
+<DATE>20-OCT-1987 08:40:02.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>fse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0825&#31;reute
+f f BC-German-public-bonds-s   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>German public bonds surge about 300 basis points in hectic bourse -dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20707" NEWID="20112">
+<DATE>20-OCT-1987 08:40:58.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0826&#31;reute
+r f BC-APPLIED-BIOSYSTEMS-IN   10-20 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLIED BIOSYSTEMS INC &lt;ABIO.O> 1ST QTR SEPT 30</TITLE>
+<DATELINE>    FOSTER CITY, Calif., Oct 20 -
+    </DATELINE><BODY>Shr 22 cts vs 20 cts
+    Net 2,963,000 vs 2,696,000
+    Sales 26.5 mln vs 19.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20708" NEWID="20113">
+<DATE>20-OCT-1987 08:41:10.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0828&#31;reute
+r f BC-HILTON-HOTELS-&lt;HLT>-T   10-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HILTON HOTELS &lt;HLT> TO REPURCHASE COMMON</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., Oct 20 - </DATELINE><BODY>Hilton Hotels Corp said it
+plans to repurchase on the open market or privately up to
+3,900,000 of its 25.0 mln common shares.
+    It said funds for the repurchases would come from working
+capital and external financing.  Hilton set no time limit for
+the plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20709" NEWID="20114">
+<DATE>20-OCT-1987 08:41:41.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0829&#31;reute
+r f BC-&lt;PLUM-HOLDING-INC>-ST   10-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;PLUM HOLDING INC> STARTS HOILLY SUGAR &lt;HLY> BID</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Plum Holding Inc said it has started its
+previously-announced offer to purchase 664,400 common shares of
+Holly Sugar Corp at 95 dlrs each.
+    In a newspaper advertisement, the firm said the offer,
+proration period and withdrawal rights expire November 17
+unless extended. The offer, which has been approved by the
+Holly board and is to be followed by a merger in which
+remaining shares are to be exchanged for cumulative redeemable
+exchangeable preferred stock, is conditioned on receipt of at
+least 664,400 shares, which would give Plum a two thirds
+interest, and the receipt of financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20710" NEWID="20115">
+<DATE>20-OCT-1987 08:41:51.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0831&#31;reute
+r f BC-PHOENIX-AMERICAN-&lt;PHX   10-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOENIX AMERICAN &lt;PHXA.O> ENDS SELF-TENDER</TITLE>
+<DATELINE>    SAN RAFAEL, Calif., Oct 20 - </DATELINE><BODY>Phoenix American Inc said it
+has terminated its tender offer for up to 600,000 of its common
+shares at five dlrs each due to the dramatic decline in stock
+prices.
+    Phoenix said it is concerned that the current volatility in
+the financial markets could hurt its financial condition and
+prospects.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20711" NEWID="20116">
+<DATE>20-OCT-1987 08:41:05.58</DATE>
+<TOPICS><D>housing</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0827&#31;reute
+b f BC-/U.S.-HOUSING-STARTS   10-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSING STARTS ROSE 4.4 PCT IN SEPTEMBER</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>U.S. housing starts rose 4.4 pct in
+September to a seasonally adjusted annual rate of 1,669,000
+units, the Commerce Department said.
+    In August, housing starts were unchanged from July levels
+at 1,598,000 units, instead of being down 1.5 pct as previously
+reported.
+    The increase in September housing starts was the largest
+since a 10.8 pct gain in starts in December 1986, Commerce
+Department officials said.
+    The rate at which permits were issued for future
+construction fell 0.6 pct in September to a seasonally adjusted
+1,493,000 units from 1,502,000 units in August.
+    Permits had risen 1.0 pct in August from July levels of
+1,487,000 units.
+    Before seasonal adjustment, permits rose to 135,500 in
+September from 128,000 in August.
+    Housing starts before adjustment rose to 150,200 in
+September from 144,600 in August.
+    The seasonally adjusted rise in starts included a 5.1 pct
+increase in September single-family unit starts to 1,168,000 
+from 1,111,000 in August.
+    Single-family starts had fallen 2.8 pct in August from July
+levels.
+    Multi-family starts rose 2.9 pct in September to a
+seasonally adjusted 501,000 units after a 7.0 pct increase in
+August, the department said.
+    Permits for single-family units fell 3.2 pct last month to
+a seasonally adjusted 990,000 units after a 3.0 pct August
+rise.
+    Multi-family permits were up 5.0 pct in September to
+503,000 units after falling 3.0 pct in August.
+    Housing starts in September were down 1.2 pct from a
+seasonally adjusted 1,689,000 units in September 1986.
+    Permits were 11.5 pct below the September 1986 level of
+1,687,000 units.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20712" NEWID="20117">
+<DATE>20-OCT-1987 08:41:59.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0832&#31;reute
+r f BC-NALCO-CHEMICAL-CORP-&lt;   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NALCO CHEMICAL CORP &lt;NLC> 3RD QTR NET</TITLE>
+<DATELINE>    NAPERVILLE, Ill., Oct 20 -
+    </DATELINE><BODY>Shr 51 cts vs 42 cts
+    Net 20.3 mln vs 16.7 mln
+    Sales 216.9 mln vs 184.5 mln
+    Nine mths
+    Shr 1.47 dlrs vs 1.21 dlrs
+    Net 58.2 mln vs 47.6 mln
+    Sales 611.2 mln vs 547.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20713" NEWID="20118">
+<DATE>20-OCT-1987 08:42:09.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0833&#31;reute
+r f BC-STEPAN-CO-&lt;SCL>-3RD-Q   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STEPAN CO &lt;SCL> 3RD QTR NET</TITLE>
+<DATELINE>    NORTHFIELD, Ill., Oct 20 -
+    </DATELINE><BODY>Shr 87 cts vs 62 cts
+    Net 2,604,000 vs 1,856,000
+    Sales 72.7 mln vs 64.6 mln
+    Nine mths
+    Shr 2.71 dlrs vs 1.97 dlrs
+    Net 8,121,000 vs 5,834,000
+    Sales 215.7 mln vs 193.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20714" NEWID="20119">
+<DATE>20-OCT-1987 08:42:21.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0834&#31;reute
+r f BC-CONVERGENT-INC-&lt;CVGT.   10-20 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONVERGENT INC &lt;CVGT.O> 3RD QTR NET</TITLE>
+<DATELINE>    SAN JOSE, Calif., Oct 20 -
+    </DATELINE><BODY>Shr profit four cts vs loss 56 cts
+    Net profit 2,043,000 vs loss 25.7 mln
+    Revs 111.3 mln vs 64.7 mln
+    Avg shrs 48.3 mln vs 45.8 mln
+    Nine mths
+    Shr loss 18 cts vs loss 63 cts
+    Net loss 8,695,000 vs loss 28.4 mln
+    REvs 308.4 mln vs 228.4 mln
+    Avg shrs 48.0 mln vs 44.8 mln
+    NOTE: 1986 net includes tax credits of 1,646,000 dlrs in
+quarter and 3,401,000 dlrs in nine mths.
+    1987 nine mths results restated for pooled acquisition of
+Bidtek Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20715" NEWID="20120">
+<DATE>20-OCT-1987 08:43:23.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0836&#31;reute
+f f BC-DOW-CHEMICAL-CO   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW CHEMICAL CO 3RD QTR SHR 1.72 DLRS VS 87 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20716" NEWID="20121">
+<DATE>20-OCT-1987 08:44:06.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0838&#31;reute
+f f BC-GOLDMAN-SACHS-R   10-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GOLDMAN SACHS READY TO LEND ONE BILLION DLRS TO MUTUAL FUNDS SO THEY CAN REDEEM STOCKS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20717" NEWID="20122">
+<DATE>20-OCT-1987 08:44:36.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0839&#31;reute
+f f BC-TRIBUNE-CO-3RD   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRIBUNE CO 3RD QTR SHR 42 CTS VS 1.53 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20718" NEWID="20123">
+<DATE>20-OCT-1987 08:47:12.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0849&#31;reute
+r f BC-U.K.-STOCKBROKERS-DEN   10-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. STOCKBROKERS DENY RUMOURED HEAVY LOSSES</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>Rumours of heavy trading losses at two
+large U.K. Brokerage firms, Warburg Securities and Barclays de
+Zoete Wedd (BZW), are not true, spokesmen for the firms said.
+    Peter Wilmot-Sitwell, joint chairman of Warburg Securities,
+told Reuters the firm lost about 4.7 mln stg on Monday. This
+was equal to the profit made last week. He had no estimate for
+today's outcome.
+    BZW spokesman Geoffrey Kelly described the rumours as
+"absolute rubbish." He added "We lost a bit, but who didn't?"
+    Warburg Securities is part of &lt;S.G. Warburg Group Plc>. BZW
+is owned by Barclays Plc &lt;BCS.L>.
+    Rumours of trading losses among London brokers have been
+circulating since the market collapse gained fresh momentum.
+    Stock Exchange chairman Sir Nicholas Goodison has been
+unavailable for comment this morning.
+    The London market has fallen almost 24 pct since Thursday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20719" NEWID="20124">
+<DATE>20-OCT-1987 08:49:25.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0854&#31;reute
+u f BC-REUTERS-LAUNCHES-TWO   10-20 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REUTERS LAUNCHES TWO NEW SERVICES IN EUROPE</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>Reuters Holdings Plc &lt;RTRS.L> said it had
+launched the Reuter Commodities 2000 and the Reuter Energy 2000
+high speed quotation services in Europe.
+    They will carry around 18,000 quotations on commodity,
+financial and energy futures, together with related options,
+from more than 30 exchanges.
+    They join Equities 2000, the quotations service for global
+equities launched in May, to form the new generation of
+products delivered over Reuters new high speed Integrated Data
+Network (IDN).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20720" NEWID="20125">
+<DATE>20-OCT-1987 08:50:49.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0858&#31;reute
+h f BC-NISSAN-&lt;NSANY.O>-RAIS   10-20 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NISSAN &lt;NSANY.O> RAISING SOME U.S. MODEL PRICES</TITLE>
+<DATELINE>    CARSON, Calif., Oct 20 - </DATELINE><BODY>Nissan Motor Co Ltd said it is
+raising prices on its model 1988 300Zx 200 dlrs to 20,649 dlrs,
+standard pickup truck 200 dlrs to 7,199 dlrs and Pathfinder XE
+100 dlrs to 14,999 dlrs.
+    The company said the Nissan van will be priced at 14,349
+dlrs and include for the first time air conditioning as
+standard equipment.
+    It said it has not yet priced 1988 Stanza sedans and
+wagons, but price increases for all its other vehicles now
+average 198 dlrs or 1.6 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20721" NEWID="20126">
+<DATE>20-OCT-1987 08:52:29.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0861&#31;reute
+f f BC-GAF-CORP-TO-REP   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GAF CORP TO REPURCHASE UP TO SEVEN MLN COMMON SHARES, OR 21 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20722" NEWID="20127">
+<DATE>20-OCT-1987 08:53:15.01</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0866&#31;reute
+f f BC-   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> German net currency reserves rise 500 mln marks to 87.0 billion in week
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20723" NEWID="20128">
+<DATE>20-OCT-1987 08:53:35.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0868&#31;reute
+r f BC-AMERICAN-MEDICAL-&lt;AMI   10-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MEDICAL &lt;AMI> REPURCHASING COMMON</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., Oct 20 - </DATELINE><BODY>American Medical
+International said it intends to repurchase from time to time
+on the open market up to 150 mln dlrs of its common stock and
+plans to spend another 250 mln dlrs in reducing long-term debt.
+    It said it would spend about 100 mln dlrs on debt maturing
+in 1989.
+    American Medical said funding for the program will come
+from cash flow and from the divestiture and restructuring of
+corporate assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20724" NEWID="20129">
+<DATE>20-OCT-1987 08:54:00.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0870&#31;reute
+u f BC-TRIBUNE-CO-&lt;TRB>-3RD   10-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIBUNE CO &lt;TRB> 3RD QTR NET</TITLE>
+<DATELINE>    CHICAGO, Oct 20 -
+    </DATELINE><BODY>Shr 42 cts vs 1.53 dlrs
+    Net 33,085,000 vs 123,450,000
+    Revs 535.0 mln vs 496.7 mln
+    Avg shrs 78,755,000 vs 80,666,000
+    Nine mths
+    Shr 1.24 dlrs vs 3.35 dlrs
+    Net 98,322,000 vs 271,512,000
+    Revs 1.58 billion vs 1.49 billion
+    Avg shrs 78,999,000 vs 81,022,000
+    NOTE: 1987 per-share earnings include Daily News severance
+charges of 11 cts a share in the quarter and 13 cts a share for
+the nine months
+    1986 net income includes non-recurring gains of 1.11 dlrs a
+share in the quarter and 2.23 dlrs a share in the nine months
+and five cts a share Daily News severance charges
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20725" NEWID="20130">
+<DATE>20-OCT-1987 08:55:26.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0874&#31;reute
+f f BC-GREENSPAN-SAYS   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GREENSPAN SAYS FED IS READY TO PROVIDE LIQUIDITY TO SUPPORT FINANCIAL SYSTEM
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20726" NEWID="20131">
+<DATE>20-OCT-1987 08:55:30.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0875&#31;reute
+f f BC-EIB-100-BILLION-LIRE   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> EIB 100 BILLION LIRE EUROBOND DUE 1993, PAYS 12 PCT AT PAR - LEAD
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20727" NEWID="20132">
+<DATE>20-OCT-1987 08:56:33.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0877&#31;reute
+r f BC-GREAT-WESTERN-FINANCI   10-20 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT WESTERN FINANCIAL CORP &lt;GWF> 3RD QTR NET</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., Oct 20 -
+    </DATELINE><BODY>Shr 45 cts vs 64 cts
+    Net 57.8 mln vs 79.4 mln
+    Nine mths
+    Shr 1.53 dlrs vs 1.87 dlrs
+    Net 195.8 mln vs 228.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20728" NEWID="20133">
+<DATE>20-OCT-1987 08:57:14.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0880&#31;reute
+b f BC-/GOLDMAN-MAY-LEND-A-B   10-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDMAN MAY LEND A BILLION DLRS TO MUTUAL FUNDS</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Goldman Sachs and Co has decided to make
+a billion dlrs of its own capital available to mutual funds to
+enable them to sell securities for cash if they need to do so,
+a senior spokesman for the investment banking firm said.
+    The spokesman said Goldman took the decision on its own
+initiative on Tuesday morning after a number of mutual funds
+had reported a cash squeeze because of a flood of redemptions
+by stock market investors.
+    The New York Stock Exchange and the Securities and Exchange
+Commission were informed of the move, he said.
+    The spokesman described the action as an effort to be
+helpful. "We're not trying to encourage them to liquidate, but
+if it's needed, the money's there," he said.
+    The provision of one billion dlrs poses no undue burden on
+Goldman Sachs's capital, the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20729" NEWID="20134">
+<DATE>20-OCT-1987 08:58:09.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0883&#31;reute
+d f BC-PIONEER-COMMUNICATION   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIONEER COMMUNICATIONS &lt;SOAP.O> DROPS NEW TITLES</TITLE>
+<DATELINE>    ROCKY HILL, Conn., Oct 20 - </DATELINE><BODY>Pioneer Communications Network
+Inc said it has temporarily suspended printing new titles for
+its Soaps and Serials line of paperback books and will now
+print only those titles that have demonstrated a profitable
+sales history.
+    It said it will no longer sell the entire Soaps and Serials
+line as a unit but will take orders for individual titles.
+    The company said it currently has enough licensor-approved
+manuscripts to provide, after publication, for at least six
+months of retail operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20730" NEWID="20135">
+<DATE>20-OCT-1987 08:58:20.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0885&#31;reute
+d f BC-PRINTRONIX-INC-&lt;PTNX.   10-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRINTRONIX INC &lt;PTNX.O> 2ND QTR SEPT 25 NET</TITLE>
+<DATELINE>    IRVINE, Calif., Oct 20 -
+    </DATELINE><BODY>Shr profit 11 cts vs loss 28 cts
+    Net profit 515,000 vs loss 1,328,000
+    Sales 31.0 mln vs 32.1 mln
+    Avg shrs 4,600,199 vs 4,815,062
+    1st half
+    Shr loss 23 cts vs profit 10 cts
+    Net loss 1,033,000 vs profit 482,000
+    Sales 58.5 mln vs 62.1 mln
+    Avg shrs 4,565,752 vs 4,883,711
+    NOTE: 1986 half net includes pretax gain 4,150,000 dlrs
+from sale of option to buy facility.
+    Backlog 28.1 mln dlrs vs 22.5 mln dlrs at end of previous
+quarter and 21.0 mln dlrs at end of prior year's second quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20731" NEWID="20136">
+<DATE>20-OCT-1987 08:59:50.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0893&#31;reute
+f f BC-SHEARSON-LEHMAN   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SHEARSON LEHMAN BROTHERS HOLDING INC 3RD QTR NET 51 MLN DLRS VS 65 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20732" NEWID="20137">
+<DATE>20-OCT-1987 09:00:25.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0895&#31;reute
+r f BC-GAF-&lt;GAF>-TO-REPURCHA   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAF &lt;GAF> TO PURCHASE UP TO 21 PCT OF STOCK</TITLE>
+<DATELINE>    WAYNE, N.J., Oct 20 - </DATELINE><BODY>GAF Corp said its board has
+authorized the repurchase from time to time of up to seven mln
+of its common shares, or about 21 pct, for cash in open market
+purchases or private transactions.
+    The company said it repurchased 2,100,000 shares under an
+April authorization to buy back up to three mln shares and
+authorization for further repurchases under the old program has
+been withdrawn.
+    Yesterday, GAF said a group led by chairman Samuel J.
+Heyman has decided to reconsider its offer to acquire GAF. GAF
+said a revised offer by the group is still possible.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20733" NEWID="20138">
+<DATE>20-OCT-1987 09:00:58.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0898&#31;reute
+u f BC-/DOW-CHEMICAL-CO-&lt;DOW   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW CHEMICAL CO &lt;DOW> 3RD QTR NET</TITLE>
+<DATELINE>    MIDLAND, Mich., Oct 20 -
+    </DATELINE><BODY>Shr 1.72 dlrs vs 87 cts
+    Net 330,000,000 vs 167,000,000
+    Sales 3.36 billion vs 2.74 billion
+    Avg shrs 192,200,000 vs 191,700,000
+    Nine mths
+    Shr 4.62 dlrs vs 2.95 dlrs
+    Net 888,000,000 vs 564,000,000
+    Sales 9.78 billion vs 8.31 billion
+    Avg shrs 191,100,000 vs 191,500,000
+    NOTE: Earnings include a loss of 3.0 mln dlrs, or one ct a
+share in the 1986 quarter from early extinguishment of debt
+    Earnings include losses in the nine months of 3.0 mln dlrs,
+or two cts a share vs 8.0 mln dlrs, or four cts a share from
+early extinguishment of debt
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20734" NEWID="20139">
+<DATE>20-OCT-1987 09:01:14.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0901&#31;reute
+f f BC-BAXTER-TRAVENOL   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BAXTER TRAVENOL LABORATORIES INC 3RD QTR SHR 31 CTS VS 18 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20735" NEWID="20140">
+<DATE>20-OCT-1987 09:01:34.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0902&#31;reute
+d f BC-THRIFTY-RENT-A-CAR-SY   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THRIFTY RENT-A-CAR SYSTEM INC &lt;TFTY.O> 4TH QTR</TITLE>
+<DATELINE>    TULSA, Oct 20 - </DATELINE><BODY>June 30 end
+    Shr 33 cts vs 13 cts
+    Net 1,687,623 vs 636,500
+    Revs 18.7 mln vs 8,973,143
+    Year
+    Shr 96 cts vs 66 cts
+    Net 4,821,637 vs 3,309,017
+    Revs 58.8 mln vs 27.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20736" NEWID="20141">
+<DATE>20-OCT-1987 09:02:31.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0904&#31;reute
+b f BC-/GREENSPAN-SAYS-FED-R   10-20 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREENSPAN SAYS FED READY TO PROVIDE LIQUIDITY</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The U.S. Federal Reserve is ready to
+provide liquidity to support the economy and the financial
+system, Fed Chairman Alan Greenspan said in a statement.
+    The brief statement by Greenspan issued by the Fed said,
+"the Federal Reserve, consistent with its responsibilities as
+the nation's central bank, affirmed today its readiness to
+serve as a source of liquidity to support the economic and
+financial system."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20737" NEWID="20142">
+<DATE>20-OCT-1987 09:03:48.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0907&#31;reute
+r f BC-COMPUTER-MEMORIES-&lt;CM   10-20 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER MEMORIES &lt;CMIN.O> TO DELAY MERGER</TITLE>
+<DATELINE>    CHATSWORTH, Calif., Oct 20 - </DATELINE><BODY>Computer Memories Inc said its
+board has decided to take additional time to evaluate the
+impact of litigation on the proposed acquisition of &lt;Hemdale
+Film Corp>.
+    Computer Memories said it plans to adjourn its annual
+shareholders meeting, scheduled for October 23, after it is
+convened. One purpose of the meeting is to consider the
+transaction, the company explained.
+    Computer Memories said Hemdale agrees with this course of
+action.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20738" NEWID="20143">
+<DATE>20-OCT-1987 09:04:16.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0912&#31;reute
+f f BC-PRIME-COMPUTER   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PRIME COMPUTER INC 3RD QTR SHR 32 CTS VS 25 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20739" NEWID="20144">
+<DATE>20-OCT-1987 09:04:49.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0913&#31;reute
+f f BC-UNION-CAMP-CORP   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNION CAMP CORP 3RD QTR SHR 77 CTS VS 50 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20740" NEWID="20145">
+<DATE>20-OCT-1987 09:05:32.50</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0914&#31;reute
+f f BC-CHEMICAL-BANK-C   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHEMICAL BANK CUTS PRIME RATE TO 9.25 PCT FROM 9.75 PCT, EFFECTIVE IMMEDIATELY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20741" NEWID="20146">
+<DATE>20-OCT-1987 09:05:59.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>eib</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0916&#31;reute
+b f BC-EIB-ISSUING-100-BILLI   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EIB ISSUING 100 BILLION LIRE EUROBOND</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>The European Investment Bank (EIB) is
+issuing a 100 billion dlr eurobond due November 9, 1993, paying
+12 pct and priced at par, Cassa Di Risparmio Delle Provincie
+Lombarde (CARIPLO) London branch said as lead manager.
+    The issue is available in denominations of two mln and five
+mln lire and will be listed in Luxembourg. Payment date is
+November 9.
+    The eurobond is callable after four years at 101-1/2 pct
+and after five years at 101 pct.
+    The fees include a 1-1/4 pct selling concession, and 5/8
+pct for management and underwriting, combined.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20742" NEWID="20147">
+<DATE>20-OCT-1987 09:06:00.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0917&#31;reute
+f f BC-WELLS-FARGO-AND   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WELLS FARGO AND CO 3RD QTR SHR 2.77 DLRS VS 1.35 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20743" NEWID="20148">
+<DATE>20-OCT-1987 09:06:40.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0918&#31;reute
+f f BC-WELLS-FARGO-AND   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WELLS FARGO AND CO 3RD QTR NET 155.0 MLN DLRS VS 77.4 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20744" NEWID="20149">
+<DATE>20-OCT-1987 09:07:01.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0920&#31;reute
+u f BC-/WHITE-HOUSE-TAKES-WA   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE TAKES WAIT-AND-SEE STANCE ON STOCKS</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The White House took a wait-and-see
+attitude toward the stock market crisis, barring "precipitous
+action" to deal with it.
+    Referring to news reports, White House spokesman Marlin
+Fitzwater said, "It seems most of the world economists are
+uncertain as to the specific causes, so we'll just have to wait
+and see if there's a rebound today."
+    "We certainly don't want to take precipitous action," the
+spokesman added.
+    "No meetings are scheduled at this time. We'll monitor the
+situation and see how the markets respond today," he said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20745" NEWID="20150">
+<DATE>20-OCT-1987 09:07:08.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0922&#31;reute
+f f BC-SEARS,-ROEBUCK   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEARS, ROEBUCK AND CO 3RD QTR SHR 1.08 DLRS VS 88 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20746" NEWID="20151">
+<DATE>20-OCT-1987 09:07:16.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0923&#31;reute
+u f BC-SHEARSON-LEHMAN   10-20 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHEARSON LEHMAN BROTHERS HOLDINGS &lt;SHE> 3RD QTR</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 51 cts
+    Net 51 mln dlrs vs 65 mln dlrs
+    Revs 1.3 billion vs 1.1 billion
+    Nine mths
+    Shr 2.07 dlrs
+    Net 189 mln vs 215 mln
+    Revs 3.9 billion vs 3.3 billion
+    NOTE: Full name is Shearson Lehman Brothers Holdings Inc
+    Company went public May 7, 1987
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20747" NEWID="20152">
+<DATE>20-OCT-1987 09:08:26.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0926&#31;reute
+f f BC-SCHLUMBERGER-LT   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SCHLUMBERGER LTD 3RD QTR NET PROFIT 1,697,000 VS LOSS 41.9 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20748" NEWID="20153">
+<DATE>20-OCT-1987 09:08:44.98</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0927&#31;reute
+f f BC-MARINE-MIDLAND   10-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MARINE MIDLAND BANK CUTS PRIME RATE TO 9.25 PCT FROM 9.75 PCT, EFFECTIVE IMMEDIATELY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20749" NEWID="20154">
+<DATE>20-OCT-1987 09:09:28.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0929&#31;reute
+f f BC-FIREMAN'S-FUND   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIREMAN'S FUND CORP 3RD QTR NET SHR 3.71 DLRS VS 95 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20750" NEWID="20155">
+<DATE>20-OCT-1987 09:10:57.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0932&#31;reute
+f f BC-MCKESSON-CORP-2   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MCKESSON CORP 2ND QTR SHR 14 CTS VS 13 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20751" NEWID="20156">
+<DATE>20-OCT-1987 09:11:51.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0934&#31;reute
+f f BC-RYDER-SYSTEM-IN   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RYDER SYSTEM INC 3RD QTR SHR 65 CTS VS 63 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20752" NEWID="20157">
+<DATE>20-OCT-1987 09:14:34.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0943&#31;reute
+u f BC-DOW-CHEMICAL-&lt;DOW>-SE   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW CHEMICAL &lt;DOW> SEES RECORD YEAR</TITLE>
+<DATELINE>    MIDLAND, MICH., Oct 20 - </DATELINE><BODY>Dow Chemical Co said it expects
+business to remains strong during the fourth quarter, with
+seasonal increases for agricultural products, improvement
+anticipated for industrial specialties and continuing strength
+in basic chemicals and plastics.
+    It said this will result in a record year for the company,
+noting "earnings already have exceeded the previous all-time
+high of 4.42 dlrs achieved for the full year of 1980."
+    For the third quarter, Dow reported earnings of 330 mln
+dlrs, or 1.72 dlrs a share compared to 167 mln dlrs, or 87 cts
+a share a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20753" NEWID="20158">
+<DATE>20-OCT-1987 09:15:05.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0947&#31;reute
+u f BC-STOLTENBERG-AGREES-WI   10-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG AGREES WITH POEHL ON INFLATION OUTLOOK</TITLE>
+<DATELINE>    BONN, Oct 20 - </DATELINE><BODY>West German Finance Minister Gerhard
+Stoltenberg said that there were absolutely no signs of current
+dangers to price stability in West Germany.
+    He was speaking at a news conference shortly after
+Bundesbank president Karl Otto Poehl told a conference in
+Frankfurt that inflationary fears, which have been responsible
+for recent interest rate increases, were unjustified and
+exaggerated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20754" NEWID="20159">
+<DATE>20-OCT-1987 09:17:35.13</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0955&#31;reute
+b f BC-/CHEMICAL-&lt;CHL>,-MARI   10-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMICAL &lt;CHL>, MARINE MIDLAND &lt;MM> CUT PRIME</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Chemical Bank and Marine Midland Banks
+Inc said they are cutting their prime lending rate to 9-1/4 pct
+from 9-3/4 pct, reversing an increase that they announced just
+last week.
+    The reduction is effective immediately.
+    No other major U.S. bank had followed the lead of Chemical
+and Marine Midland, preferring to keep their prime rates at
+9-1/4 pct while they waited to see what course money market
+rates would take.
+    Following Monday's record fall in Wall Street stock prices,
+money market rates fell sharply on Tuesday as investors
+ploughed proceeds into short-term instruments and the Federal
+Reserve said it is prepared to provide liquidity to support the
+economy and the financial system.
+    Eurodollar deposit rates in London fell by as much as 9/16
+percentage point, Treasury bill rates fell by as much as half a
+point (after falling between 59 and 84 basis points on Monday),
+and the Fed funds rate dropped to 7-1/4 pct from Monday's
+average of 7.61 pct. Speculation even surfaced of a discount
+rate cut to calm the markets, dealers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20755" NEWID="20160">
+<DATE>20-OCT-1987 09:20:02.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0960&#31;reute
+r f BC-SHEARSON-LEHMAN   10-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHEARSON &lt;SHE> NOT HURT BY RECENT MARKET DECLINE</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Shearson Lehman Brothers Holdings Inc
+said the recent decline in equities has had a dislocating
+effect on the market but no impact on the company's financial
+condition.
+    The company reported a drop in third quarter profits to 51
+mln dlrs from 65 mln dlrs on increased revenues of 1.3 billion
+dlrs compared to 1.1 billion a year earlier.
+    "While the decline in equities in recent weeks has had a
+dislocating effect on the market in general," Chairman Peter A.
+Cohen said, "it has not had an impact on our financial
+condition."
+   
+    Cohen said Shearson's third quarter earnings reflected the
+diversity of its revenues and "progress in several core
+businesses resulting in higher commission, investment banking
+and investment advisory revenues. These improvements were
+offset by a decline in revenues from market making and
+principle transactions and an increase in expenses from year
+ago levels," it said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20756" NEWID="20161">
+<DATE>20-OCT-1987 09:20:37.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0961&#31;reute
+u f BC-/SEARS,-ROEBUCK-AND-C   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS, ROEBUCK AND CO &lt;S> 3RD QTR NET</TITLE>
+<DATELINE>    CHICAGO, Oct 20 -
+    </DATELINE><BODY>Shr 1.08 dlrs vs 88 cts
+    Net 409,000,000 vs 328,000,000
+    Revs 12.19 billion vs 11.17 billion
+    Avg shrs 378.2 mln vs 368.4 mln
+    Nine mths
+    Shr 2.86 dlrs vs 2.17 dlrs
+    Net 1.09 billion vs 808.3 mln
+    Revs 34.39 billion vs 31.31 billion
+    Avg shrs 377.7 mln vs 366.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20757" NEWID="20162">
+<DATE>20-OCT-1987 09:21:59.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f0962&#31;reute
+b f BC-CBT-MAJOR-MARKE   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CBT MAJOR MARKET INDEX (MMI) STOCK INDEX FUTURES OPEN 35.00 TO 43.50 POINTS HIGHER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20758" NEWID="20163">
+<DATE>20-OCT-1987 09:22:27.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f0966&#31;reute
+f f BC-U.K.-stocks-surge-aft   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.K. Stocks surge after prime cuts and Greenspan financial system support pledge
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20759" NEWID="20164">
+<DATE>20-OCT-1987 09:22:38.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0968&#31;reute
+f f BC-IBM-INTRODUCES   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IBM INTRODUCES NEW MID-RANGE COMPUTER ENCHANCEMENTS, ENTRY LEVEL FOR SYSTEM/36
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20760" NEWID="20165">
+<DATE>20-OCT-1987 09:23:00.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0970&#31;reute
+r f BC-PRIME-COMPUTER-INC-&lt;P   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIME COMPUTER INC &lt;PRM> 3RD QTR SEPT 28</TITLE>
+<DATELINE>    NATICK, Mass., Oct 20 -
+    </DATELINE><BODY>Shr 32 cts vs 25 cts
+    Net 15.9 mln vs 12.1 mln
+    Revs 236.2 mln vs 221.9 mln
+    Nine mths
+    Shr 88 cts vs 68 cts
+    Net 43.5 mln vs 32.8 mln
+    Revs 693.9 mln vs 629.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20761" NEWID="20166">
+<DATE>20-OCT-1987 09:23:27.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0971&#31;reute
+r f BC-RYDER-SYSTEM-INC-&lt;RDR   10-20 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RYDER SYSTEM INC &lt;RDR> 3RD QTR NET</TITLE>
+<DATELINE>    MIAMI, Oct 20 -
+    </DATELINE><BODY>Shr 65 cts vs 63 cts
+    Net 52.7 mln vs 47.7 mln
+    Revs 1.16 billion vs 976.6 mln
+    Avg shrs 79.9 mln vs 74.3 mln
+    Nine mths
+    Shr 1.73 dlrs vs 1.54 dlrs
+    Net 141.4 mln vs 117.9 mln
+    Revs 3.39 billion vs 2.75 billion
+    NOTE: Share after preferred dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20762" NEWID="20167">
+<DATE>20-OCT-1987 09:24:15.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cbt</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0972&#31;reute
+b f BC-CBT-MAJOR-MARKE   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CBT MAJOR MARKET INDEX (MMI) STOCK INDEX FUTURES OPEN 35.00 TO 43.50 POINTS HIGHER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20763" NEWID="20168">
+<DATE>20-OCT-1987 09:25:47.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0976&#31;reute
+r f BC-SCHLUMBERGER-LTD-&lt;SLB   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHLUMBERGER LTD &lt;SLB> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr nil vs loss 14 cts
+    Net 1,697,000 vs loss 41.9 mln
+    Revs 1.2 billion vs 1.1 billion
+    Avg shrs 276.4 mln vs 285.6 mln
+    Nine mths
+    Shr profit 13 cts vs profit 56 cts
+    Net profit 36.8 mln vs 161.5 mln
+    Revs 3.4 billoin vs 3.8 billion
+    Avg shrs 278.2 mln vs 288.9 mln
+    NOTE: 1987 3rd qtr includes 152.6 mln dlrs for continuing
+operations, which includes a 69 mln dlrs after-tax gain on sale
+of company's investment in Compagnie Luxembourgeoise de
+Telediffusion.
+    1987 3rd qtr and nine mths net includes a loss of 220 mln
+dlrs or 79 cts a share for discontinued operations and 70 mln
+dlrs or 25 cts a share for extraordinary gain.
+    1986 3rd qtr and nine mths net includes a loss of 59 mln
+dlrs or 20 cts a share from continuing operations mainly for
+employee layoff costs in oilfied services, sale of small
+electronic business and unfavorable lease comitments.
+   
+    1987 nine mths net also includes a loss of 220 mln dlrs
+from discontinued operations due to completion of previously
+announced sale of Fairchild Semiconductor business.
+    1987 extraordinary item of 70.1 mln dlrs relates to award
+from Iran-U.S. Claims Tribunal from Iran's seizure of SEDCO Inc
+drilling business in 1979 prior to its acquisition by
+Schlumberger.
+    1986 3rd qtr and nine mths net also includes in
+discontinued operations a loss of 36 mln dlrs from Fairchild
+Semiconductor offset by a 53 mln dlrs gain from favorable
+settlement of litigation with Data General.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20764" NEWID="20169">
+<DATE>20-OCT-1987 09:27:05.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0982&#31;reute
+f f BC-MELLON-BANK-COR   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MELLON BANK CORP 3RD QTR SHR 47 CTS VS 1.78 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20765" NEWID="20170">
+<DATE>20-OCT-1987 09:27:20.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0984&#31;reute
+u f BC-/WELLS-FARGO-AND-CO-&lt;   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELLS FARGO AND CO &lt;WFC> 3RD QTR NET</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 20 -
+    </DATELINE><BODY>Shr profit 2.77 dlrs vs profit 1.35 dlrs
+    Net 155.0 mln vs 77.4 mln
+    Nine mths
+    Shr loss 1.43 dlrs vs profit 3.66 dlrs
+    Net loss 60.4 mln vs profit 195.2 mln
+    Assets 45.15 billion vs 42.69 billion
+    Loans 36.33 billion vs 34.46 billion
+    Deposits 29.7 billion vs 23.3 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20766" NEWID="20171">
+<DATE>20-OCT-1987 09:27:31.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0985&#31;reute
+f f BC-KRAFT-INC-3RD-Q   10-20 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>KRAFT INC 3RD QTR SHR 91 CTS VS 17 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20767" NEWID="20172">
+<DATE>20-OCT-1987 09:28:18.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f0987&#31;reute
+f f BC-MELLON-BANK-COR   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MELLON BANK CORP 3RD QTR NET 16 MLN DLRS VS 53 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20768" NEWID="20173">
+<DATE>20-OCT-1987 09:29:16.96</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0988&#31;reute
+f f BC-SMITHKLINE-BECKMAN-CO   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SMITHKLINE BECKMAN CORP 3RD QTR SHR 1.18 DLRS VS 87 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20769" NEWID="20174">
+<DATE>20-OCT-1987 09:29:39.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0991&#31;reute
+r f BC-BAXTER-TRAVENOL-LABS   10-20 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAXTER TRAVENOL LABS &lt;BAX> 3RD QTR SHR NET</TITLE>
+<DATELINE>    DEERFIELD, ILL., Oct 20 - 
+    </DATELINE><BODY>Shr 31 cts vs 18 cts
+    Net 90 mln vs 51 mln
+    Sales 1.58 billion vs 1.42 billion
+    Avg shrs 274 mln vs 269 mln
+    Nine Mths
+    Shr 79 cts vs 42 cts
+    Net 233 mln vs 129 mln
+    Sales 4.58 billion vs 4.22 billion
+    Avg shrs 238 mln vs 267 mln
+    NOTE: 1987 results include Caremark Inc from August 3.
+Caremark acquisition reduced 1987 nine months net by five cts,
+offset by a three ct gain from the sale of securities.
+    1986 third quarter net excludes gains from discontinued
+operations of 12 mln dlrs or four cts; a gain from sale of
+discontinued operations of 285 mln dlrs or 1.06 dlrs; and a
+charge from early repayment of debt of 58 mln dlrs or 22 cts.
+    1986 nine months net excludes gains from discontinued
+operations of 38 mln dlrs or 14 cts; a gain from sale of
+discontinued operations of 285 mln dlrs or 1.06 dlrs; and a
+charge from early repayment of debt of 58 mln dlrs or 22 cts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20770" NEWID="20175">
+<DATE>20-OCT-1987 09:30:06.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0994&#31;reute
+f f BC-MASCO-INDUSTRIE   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MASCO INDUSTRIES SAYS IT WILL BUY UP TO 10 MLN OF ITS COMMON SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20771" NEWID="20176">
+<DATE>20-OCT-1987 09:30:40.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0996&#31;reute
+r f BC-LAMSON-AND-SESSIONS-C   10-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAMSON AND SESSIONS CO &lt;LMS> 3RD QTR NET</TITLE>
+<DATELINE>    CLEVELAND, Oct 20 -
+    </DATELINE><BODY>Oper shr profit 20 cts vs loss 22 cts
+    Oper net profit 2,111,000 vs loss 1,605,000
+    Revs 89.6 mln vs 27.2 mln
+    Nine mths
+    Oper shr profit 47 cts vs loss 15 cts
+    Oper net profit 4,116,000 vs loss 1,029,000
+    Revs 252.1 mln vs 87.9 mln
+    NOTE: 1986 net excludes losses from discontinued operations
+of 791,000 dlrs in quarter and 1,168,000 dlrs in nine mths.
+    1986 nine mths net excludes gain 4,726,000 dlrs from
+cumulative effect of pension accounting change.
+    1987 net excludes tax credits of 1,569,000 dlrs in quarter
+and 2,894,000 dlrs in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20772" NEWID="20177">
+<DATE>20-OCT-1987 09:31:00.32</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0998&#31;reute
+f f BC-GREENSPAN-CUTS   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GREENSPAN CUTS SHORT DALLAS TRIP, RETURNING TO WASHINGTON, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20773" NEWID="20178">
+<DATE>20-OCT-1987 09:32:03.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1001&#31;reute
+f f BC-CME-STANDARD-AN   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CME STANDARD AND POOR'S 500 STOCK INDEX FUTURES OPEN MORE THAN 20 POINTS HIGHER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20774" NEWID="20179">
+<DATE>20-OCT-1987 09:32:27.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1002&#31;reute
+f f BC-WALL-STREET-STO   10-20 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WALL STREET STOCKS OPEN DOWN BROADLY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20775" NEWID="20180">
+<DATE>20-OCT-1987 09:35:20.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1013&#31;reute
+r f BC-KRAFT-INC-&lt;KRA>-3RD-Q   10-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KRAFT INC &lt;KRA> 3RD QTR SEPT 26 NET</TITLE>
+<DATELINE>    GLENVIEW, ILL., Oct 20 -
+    </DATELINE><BODY>Shr 91 cts vs 17 cts
+    Net 124,100,000 vs 21,200,000
+    Sales 2.83 billion vs 2.22 billion
+    Nine mths
+    Shr 2.47 dlrs vs 2.02 dlrs
+    Net 337,400,000 vs 294,200,000
+    Sales 7.98 billion vs 6.33 billion
+    Avg shrs 136,700,000 vs 142,500,000
+    NOTE: 1986 earnings include a loss from discontinuedoperations of 50.3 mln dlrs, or 35 cts a share in the quarter
+and a gain of 21.2 mln dlrs, or 15 cts a share in the nine
+months
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20776" NEWID="20181">
+<DATE>20-OCT-1987 09:38:40.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1022&#31;reute
+r f BC-UST-INC-&lt;UST>-3RD-QTR   10-20 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UST INC &lt;UST> 3RD QTR NET</TITLE>
+<DATELINE>    GREENWICH, Conn., Oct 20 -
+    </DATELINE><BODY>Shr 60 cts vs 48 cts
+    Net 35.0 mln vs 27.8 mln
+    Revs 147.2 mln vs 131.6 mln
+    Nine mths
+    Shr 1.67 dlrs vs 1.38 dlrs
+    Net 97.3 mln vs 77.9 mln
+    Revs 422.4 mln vs 385.5 mln
+    Avg shrs 58.4 mln vs 56.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20777" NEWID="20182">
+<DATE>20-OCT-1987 09:38:51.86</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1024&#31;reute
+f f BC-TRADERS-SAY-US-STOCKS   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRADERS SAY US STOCKS IN SHARP REBOUND FOLLOWING BOND MARKET RALLY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20778" NEWID="20183">
+<DATE>20-OCT-1987 09:38:57.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1025&#31;reute
+f f BC-SPRINGS-INDUSTR   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SPRINGS INDUSTRIES INC 3RD QTR SHR 99 CTS VS 42 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20779" NEWID="20184">
+<DATE>20-OCT-1987 09:40:25.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1029&#31;reute
+b f BC-GREENSPAN-CUTS-SHORT   10-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREENSPAN CUTS SHORT SCHEDULED DALLAS TRIP</TITLE>
+<DATELINE>     WASHINGTON, Oct 20 - </DATELINE><BODY>Federal Reserve Board Chairman Alan
+Greenspan cut short a scheduled trip to Dallas and is returning
+to Washington to moniter events, a Federal Reserve spokesman
+said.
+    Greenspan had been scheduled to speak to the American
+Bankers Association, which is meeting in Dallas, but canceled
+the engagement, the spokesman said. He also canceled a speech
+scheduled for this evening to a New York University group, the
+spokesman said.
+    The spokesman declined to comment on whether the Fed
+chairman will be meeting with the President or White House
+officials on Monday's stock market collapse.
+    The spokesman said the Fed chief was returning to
+Washington "to monitor events here."
+    Greenspan earlier today issued a statement that it will
+provide liquidity to support the economy and the financial
+system.
+    The Fed spokesman said the chairman wanted to reassure the
+market that the U.S. central bank is standing by in its role as
+a traditional liquidity provider.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20780" NEWID="20185">
+<DATE>20-OCT-1987 09:40:35.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1031&#31;reute
+f f BC-U-S-WEST-3RD-QT   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>US WEST 3RD QTR SHR 1.46 DLRS VS 1.41 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20781" NEWID="20186">
+<DATE>20-OCT-1987 09:42:45.60</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f1033&#31;reute
+u f BC-U.S.-COFFEE-IMPORT-RE   10-20 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. COFFEE IMPORT REPORTING SYSTEM QUESTIONED</TITLE>
+<AUTHOR>    BY Susan Zeidler</AUTHOR>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>A voluntary compliance system for
+monitoring U.S. coffee imports under quotas is viewed
+skeptically by many in the coffee industry, said analysts and
+trade sources.
+    "Many sectors of the trade, including large roasters and 
+importers, are adamant against voluntary compliance because of
+the past, which was subject to tremendous irregularities as it
+became a matter of the trade monitoring each other," one
+analyst said.
+    On Monday, a National Coffee Association newsletter said
+the Office of U.S. Trade Representative will implement a
+voluntary compliance system temporarily because legislation to
+monitor imports is tied up in the Congressional trade bill.
+    Under the arrangement, milar to one in 1980, coffee
+importers would voluntarily present needed documents to the
+U.S. government until Congress approves the monitoring
+authority, but if coffee arrives without valid certification,
+it will still be allowed entry.
+    While many believe producers will not seek to add to the
+overburdened stock situation in the U.S., others believe some
+will ship outside of the quota requirements in lieu of
+monitoring controls, trade sources said.
+    "Last time, there was a lot of false information submitted
+to customs which resulted in a lot of indictments and fines," a
+U.S. Customs spokesman said.
+    "Customs can do a good job when given the tools, but when
+its hands are tied, it doesn't have the authority to demand
+Form O (documents tracking merchandise from source to
+destination)," he said.
+    Many see it as a true test of whether producers and
+importers will abide by the quota system.
+    "It is a key to seeing whether there are any teeth in the
+quota agreement," said one major U.S. roaster.
+     "Last time we had a gentleman's agreement, the trade did
+not act as a gentleman," said another analyst adding, "without
+the need to submit documents, the ball will be in the
+producers' hands."
+    Some feel that importers will take advantage of the
+voluntary compliance due to development of a two-tier market,
+in which non-member countries buy coffee at a big discount.
+Many fear that dealers will buy coffee destined for non-member
+countries at discounts and then bring it into the U.S. falsely
+labelled.
+    According to customs officials, several green coffee
+importers confessed in 1985 that they had imported coffee
+fraudulently after buying it for non-member destinations,
+forging landing certificates and then relabelling it as navy
+beans.
+    "If there's that much of a discrepancy between prices for
+one country and another, producers may be teted to get rid of
+their stocks of coffee by selling to non-member nations and by
+circumventing the quota provisions," said Paine Webber analyst
+Bernie Savaiko.
+    Still, others believe that producers will not be hard
+pressed to aggravate the overburdened coffee stock situation in
+the U.S. in the near term.
+    "It would be naive to suggest that any agreement would not
+have some share of connivance, but I think the voluntary system
+seemed to suffice and, coupled with the fact that we have so
+much coffee, I don't think that it poses that much of a
+threat," one trader said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20782" NEWID="20187">
+<DATE>20-OCT-1987 09:43:05.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1034&#31;reute
+r f BC-SMITHKLINE-BECKMAN-CO   10-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITHKLINE BECKMAN CORP &lt;SKB> 3RD QTR NET</TITLE>
+<DATELINE>    PHILADELPHIA, Oct 20 -
+    </DATELINE><BODY>Shr 1.18 dlrs vs 87 cts
+    Net 149.6 mln vs 134 mln
+    Revs 1.1 billion vs 956 mln
+    Avg shrs 127.3 mln vs 154.5 mln
+    Nine mths
+    Shr 3.36 dlrs vs 2.42 dlrs
+    Net 428.1 mln vs 373.7 mln
+    Revs 3.1 billion vs 2.7 billion
+   
+    NOTE: 1987 3rd qtr and nine mths net includes a charge of
+11 mln dlrs or nine cts a share and 31.8 mln dlrs or 25 cts a
+share for the interest expense for share repurchases.
+    1986 nine mths net includes a charge of 28.9 mln dlrs or 19
+cts a share for early retirement program and withdrawal of
+Contac cold remedy from the market due to tampering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20783" NEWID="20188">
+<DATE>20-OCT-1987 09:43:38.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1038&#31;reute
+r f BC-MASCO-&lt;MASK.O>-TO-BUY   10-20 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MASCO &lt;MASK.O> TO BUY UP TO 10 MLN SHARES</TITLE>
+<DATELINE>    TAYLOR, MICH., Oct 20 - </DATELINE><BODY>Masco Industries Inc said its board
+authorized the repurchase of up to 10 mln of the company's
+common stock in open market purchases, privately negotiated
+transactions or otherwise.
+    As of June 30, the company had 73.6 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20784" NEWID="20189">
+<DATE>20-OCT-1987 09:44:03.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1041&#31;reute
+r f BC-UNION-CAMP-CORP-&lt;UCC>   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION CAMP CORP &lt;UCC> 3RD QTR Sept 30</TITLE>
+<DATELINE>    WAYNE, N.J., Oct 20 -
+    </DATELINE><BODY>Shr 77 cts vs 50 cts
+    Net 56.5 mln vs 36.4 mln
+    Sales 583.3 mln vs 515.9 mln
+    Nine months
+    Shr 2.02 dlrs vs 1.19 dlrs
+    Net 148.5 mln vs 87.1 mln
+    Sales 1.69 billion vs 1.51 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20785" NEWID="20190">
+<DATE>20-OCT-1987 09:44:10.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1042&#31;reute
+d f BC-KERR-GLASS-&lt;KMG>-TO-S   10-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KERR GLASS &lt;KMG> TO SPEND FIVE MLN DLRS ON STOCK</TITLE>
+<DATELINE>    LOS ANGELES, Oct 20 - </DATELINE><BODY>Kerr Glass Manufacturing Corp said it
+expects to spend five mln dlrs to purchase its own stock to be
+held by a new employee incentive stock owership trust formed
+for the benefit of salaried employees.
+    Based on yesterday's closing price of 10.50 dlrs per share,
+the stock, to be bought from time to time on the open market or
+in negotiated transactions, about 476,000 shares wold be
+purchased, the company said. That's about 13 pct of the shares
+outstanding, it added.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20786" NEWID="20191">
+<DATE>20-OCT-1987 09:44:19.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1043&#31;reute
+r f BC-NEWELL-CO-&lt;NWL>-3RD-Q   10-20 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWELL CO &lt;NWL> 3RD QTR NET</TITLE>
+<DATELINE>    FREEPORT, ILL., Oct 20 -
+    </DATELINE><BODY>Shr 75 cts vs 64 cts
+    Net 11,174,000 vs 7,408,000
+    Sales 218.8 mln vs 106.3 mln
+    NIne Mths
+    Shr 1.80 dlrs vs 1.54 dlrs
+    Net 23,762,000 vs 16,603,000
+    Sales 414.8 mln vs 295.9 mln
+    NOTE: 1987 net income excludes preferred dividends
+of 2.4 mln dlrs in the quarter and 2.7 mln dlrs in the nine
+months compared with 188,000 dlrs and 563,000 dlrs in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20787" NEWID="20192">
+<DATE>20-OCT-1987 09:45:18.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1046&#31;reute
+f f BC-FIRESTONE-TIRE   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRESTONE TIRE AND RUBBER CO RAISES QUARTERLY DIVIDEND TO 30 CTS FROM 25 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20788" NEWID="20193">
+<DATE>20-OCT-1987 09:45:23.74</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1047&#31;reute
+f f BC-CIRCLE-EXPRESS   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CIRCLE EXPRESS TERMINATES PLANNED ACQUISITION OF OVERLAND EXPRESS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20789" NEWID="20194">
+<DATE>20-OCT-1987 09:45:46.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1049&#31;reute
+f f BC-PACIFIC-TELESIS   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PACIFIC TELESIS PLANS TO REPURCHASE UP TO 10 MLN SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20790" NEWID="20195">
+<DATE>20-OCT-1987 09:45:51.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1050&#31;reute
+r f BC-FIRST-VALLEY-CORP-&lt;FI   10-20 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST VALLEY CORP &lt;FIVC.O> 3RD QTR NET</TITLE>
+<DATELINE>    BETHLEHEM, Pa., Oct 20 -
+    </DATELINE><BODY>Shr 69 cts vs 62 cts
+    Net 4,401,000 vs 3,808,000
+    Nine mths
+    Shr 1.99 dlrs vs 1.77 dlrs
+    Net 12.6 mln vs 10.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20791" NEWID="20196">
+<DATE>20-OCT-1987 09:46:50.41</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L 
+&#22;&#22;&#1;f1055&#31;reute
+b f BC-slaughter-guesstimate   10-20 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, Oct 20 - </DATELINE><BODY>Chicago Mercantile Exchange floor traders
+and commission house representatives are guesstimating today's
+hog slaughter at about 310,000 to 325,000 head versus 327,000 a
+week ago and 291,000 a year ago.
+    Cattle slaughter is guesstimated at about 128,000 to
+132,000 head versus 132,000 week ago and 136,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20792" NEWID="20197">
+<DATE>20-OCT-1987 09:49:29.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1065&#31;reute
+f f BC-WHITE-HOUSE-SEE   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE SEES 163 BILLION DLR 1988 DEFICIT WITHOUT FURTHER REDUCTIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20793" NEWID="20198">
+<DATE>20-OCT-1987 09:57:24.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1089&#31;reute
+f f BC-AVON-PRODUCTS-I   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AVON PRODUCTS INC 3RD QTR SHR 37 CTS VS 42 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20794" NEWID="20199">
+<DATE>20-OCT-1987 09:57:42.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1091&#31;reute
+u f BC-IBM-&lt;IBM>-ADDS-TO-SYS   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> ADDS TO SYSTEM/36 PRODUCT LINE</TITLE>
+<DATELINE>    RYE BROOK, N.Y., Oct 20 - </DATELINE><BODY>International Business Machines
+Corp said it introduced the System/36 5363 System Unit, an
+entry-level addition to its System 36 family of computers.
+    The company said the 5636 System Unit will be available as
+a component of the System/36 Total System Package which
+includes a System/36 processor with pre-loaded operating system
+software, displays and printers, optional office application
+software.
+    The company said the 5636 comes with one megabyte of main
+storage and options which provide up to 210 megabytes of
+integrated disk storage.
+    The company said with the Work Station Expansion feature,
+the 5636 can attach up to 28 local displays or printers.
+    The company said the 5636 has a single, built-in 5.25 inch
+1.2 megabyte diskette drive and offers an optional built-in
+tape drive.
+    IBM said that in contrast to its System/36 5364, the
+communications, tape, and LAN functions previously provided by
+an attached personal computer are housed within the 5363 unit.
+    The price of the new unit was not disclosed.
+    The company also said it introduced new versions of its
+licensed applications programs. These programs include
+Manufacturing and Production Inventory Control System II,
+Construction Management Accounting System and Distribution
+Management Accounting System II, the company said.
+    IBM said it reduced by an average of 40 pct the one-time
+charges of these application programs for their use with the
+5363 and 5364.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20795" NEWID="20200">
+<DATE>20-OCT-1987 09:59:04.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1099&#31;reute
+f f BC-DOW-JONES-INDUS   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW JONES INDUSTRIAL AVERAGE RISES MORE THAN 100 POINTS, TO 1849
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20796" NEWID="20201">
+<DATE>20-OCT-1987 09:59:19.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1100&#31;reute
+f f BC-GENERAL-SIGNAL   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENERAL SIGNAL CORP 3RD QTR SHR 67 CTS VS 65 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20797" NEWID="20202">
+<DATE>20-OCT-1987 09:59:56.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1102&#31;reute
+u f BC-/WHITE-HOUSE-SEES-163   10-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHITE HOUSE SEES 163 BILLION DLR BUDGET DEFICIT</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The White House said the federal
+budget deficit for fiscal 1988 will total 163 billion dlrs if
+Congress and the administration fail to agree on a legislative
+package of deficit reduction measures prior to a Nov. 20
+deadline.
+    In a report issued under the requirements of new balanced
+budget legislation approved by Congress in September, the White
+House budget office predicted the government would take in 903
+billion dlrs in revenues and spend 1.066 trillion during fiscal
+1988, which began Oct. 1.
+    Under the terms of the new law, the government's failure to
+agree on a deficit reduction package by Nov. 20 would trigger
+across-the-board spending cuts of 23 billion dlrs.
+    The White House report said this would reduce those defense
+spending programs covered by the legislation by 10.5 pct and
+would cut domestic programs by 8.5 pct.
+    This magnitude of reductions would shear 11.5 billion dlrs
+from defense and 11.5 billion dlrs from domestic programs.
+    The Congressional budget Office last week estimated the
+1988 budget deficit at 179.3 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20798" NEWID="20203">
+<DATE>20-OCT-1987 10:03:42.99</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1124&#31;reute
+f f BC-MARSH-AND-MCLEN   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MARSH AND MCLENNAN COS INC 3RD QTR SHR 1.04 DLRS VS 87 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20799" NEWID="20204">
+<DATE>20-OCT-1987 10:05:08.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>stse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f1129&#31;reute
+u f BC-STOCKHOLM-BOURSE-EXTE   10-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOCKHOLM BOURSE EXTENDS TRADING BY 30 MINUTES</TITLE>
+<DATELINE>    STOCKHOLM, Oct 20 - </DATELINE><BODY>The Stockholm bourse authorities said
+they were to extend trading on the exchange by 30 minutes until
+1500 (1400 GMT) because the afternoon call took longer than
+normal due to hectic selling pressure.
+    A spokeswoman told Reuters the measure was purely
+administrative and aimed at allowing the bourse time to process
+deals in exceptionally heavy turnover of around 590 mln crowns.
+    "It was necessary to extend trading hours as the call-over
+went on beyond two o'clock," she said.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20800" NEWID="20205">
+<DATE>20-OCT-1987 10:06:13.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1134&#31;reute
+f f BC-SUNDSTRAND-CORP   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SUNDSTRAND CORP 3RD QTR SHR 44 CTS VS 1.07 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20801" NEWID="20206">
+<DATE>20-OCT-1987 10:06:21.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1135&#31;reute
+u f BC-/AVON-PRODUCTS-INC-3R   10-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVON PRODUCTS INC 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 37 cts vs 42 cts
+    Net 26.6 mln vs 30.0 mln
+    Sales 805.4 mln vs 690.6 mln
+    Avg shrs 70.6 mln vs 71.0 mln
+    Nine mths
+    Shr 1.23 dlrs vs 1.23 dlrs
+    Net 86.8 mln vs 88.5 mln
+    Sales 2.30 billion vs 2.01 billion
+    Avg shrs 70.3 mln vs 72.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20802" NEWID="20207">
+<DATE>20-OCT-1987 10:06:50.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1138&#31;reute
+r f BC-SPRINGS-INDUSTRIES-IN   10-20 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPRINGS INDUSTRIES INC &lt;SMI> 3RD QTR OCT THREE</TITLE>
+<DATELINE>    FORT MILL, S.C., Oct 20 -
+    </DATELINE><BODY>Shr 99 cts vs 42 cts
+    Net 17.6 mln vs 7,528,000
+    Sales 424.2 mln vs 376.8 mln
+    Nine mths
+    Shr 2.21 dlrs vs 94 cts
+    Net 39.3 mln vs 16.8 mln
+    Sales 1.20 billion vs 1.10 billion
+    NOTE: Share adjusted for two-for-one stock split in April
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20803" NEWID="20208">
+<DATE>20-OCT-1987 10:08:49.90</DATE>
+<TOPICS><D>meal-feed</D><D>soy-meal</D><D>oilseed</D><D>soybean</D><D>sunseed</D><D>rapeseed</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f1147&#31;reute
+u f BC-OILMEAL-DEMAND-STILL   10-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OILMEAL DEMAND STILL STRONG IN U.S., SOVIET UNION</TITLE>
+<DATELINE>    HAMBURG, Oct 20 - </DATELINE><BODY>Oilmeal demand remained strong in the
+United States in July and August and six pct up on levels seen
+in the same months last year, with most of the rise coming in
+soymeal, the Hamburg based publication Oil World said.
+    Total U.S domestic usage of the nine major oilmeals rose to
+a record 19 mln tonnes in October 1986/August 1987, up 4.2 pct
+on the same year-ago period, with the increase in soymeal at
+seven pct, it said.
+    Soviet soymeal demand rose by 310,000 tonnes in July and
+330,000 tonnes in August over the respective year-ago months
+following a huge increase in soymeal imports.
+    Oil World presumed some imports were not used immediately
+but went into stocks. With imports again large in September, it
+estimated Soviet soymeal stocks sharply up at 800,000 tonnes by
+October 1 from around 130,000 at the same time last year.
+    EC oilmeal demand rose 100,000 tonnes in August from a year
+earlier, with soymeal up 45,000 tonnes. Crushings of rapeseed,
+sunseed and soybeans will probably rise from last year due to
+bumper EC crops. It estimated the EC rapeseed crop at a record
+5.9 mln tonnes, up from 3.7 mln last year. Rapeseed disposals
+were reported at 2.1 mln tonnes by September 20 against 1.4 mln
+at that time last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20804" NEWID="20209">
+<DATE>20-OCT-1987 10:08:54.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1148&#31;reute
+b f BC-PACIOFIC-TELESIS-&lt;PAC   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIOFIC TELESIS &lt;PAC> TO REPURCHASE STOCK</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 20 - </DATELINE><BODY>Pacific Telesis Group said it plans
+to repurchase up to 10 mln of its 432.1 mln common shares in
+the open market or privately, with repurchases to be financed
+by general corporate funds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20805" NEWID="20210">
+<DATE>20-OCT-1987 10:09:30.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1150&#31;reute
+u f BC-CIRCLE-EXPRESS&lt;CEXX.O   10-20 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRCLE EXPRESS&lt;CEXX.O> ENDS OVERLAND&lt;OVER.O> BUY</TITLE>
+<DATELINE>    INDIANAPOLIS, Oct 20 - </DATELINE><BODY>Circle Express Inc said negotiations
+on its proposed acquisitions of Overland Express Inc and
+privately-held Continental Training Services Inc have been
+terminated by mutual agreement.
+    The company said the recent declines in stock prices have
+made it unlikely that the transactions could qualify as
+tax-free reorganizations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20806" NEWID="20211">
+<DATE>20-OCT-1987 10:09:33.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T F 
+&#22;&#22;&#1;f1151&#31;reute
+f f BC-LONDON-GOLD-1500-FIX   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LONDON GOLD 1500 FIX - OCT 20 - 464.30 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20807" NEWID="20212">
+<DATE>20-OCT-1987 10:09:57.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1154&#31;reute
+u f BC-corrections   10-20 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORRECTIONS &lt;CCAX.O> SEEKS 1,000 PRISON BEDS</TITLE>
+<DATELINE>    NASHVILLE, Tenn., Oct 20 - </DATELINE><BODY>Corrections Corp of America said
+it has been selected to negotiate a contract with the Texas
+Department of Corrections for the desing, construction,
+financing and management of 1,000 minimum security, pre-release
+prison beds.
+    It said negotiation of a final contract, including siting,
+is expected to take about 30 days.
+    Corrections said the two 500-bed facilities are scheduled
+to be opened within one year of final contract signing at an
+total capital investment of about 27 mln dlrs to be financed
+with debt and equity.
+    Based on its proposal, the company said, the facilities
+would generate annual revenues of about 11 mln dlrs.
+    According to Texas law, Corrections said, any private
+sector contract must save the state at least 10 pct of the
+corrections department's cost per day per inmate. Evaluation
+revealed the comnpany's proposed cost to be 15 pct below the
+department's per diem, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20808" NEWID="20213">
+<DATE>20-OCT-1987 10:10:08.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1156&#31;reute
+u f BC-MARSH-AND-MCLENNAN-CO   10-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARSH AND MCLENNAN COS INC &lt;MMC> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 1.04 dlrs vs 87 cts
+    Net 77.7 mln vs 64.2 mln
+    Revs 533.7 mln vs 461.8 mln
+    Avg shrs 74.7 mln vs 73.9 mln
+    Nine mths
+    Shr 3.35 dlrs vs 2.63 dlrs
+    Net 249.5 mln vs 193.9 mln
+    Revs 1.63 billion vs 1.36 billion
+    Avg shrs 74.5 mln vs 73.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20809" NEWID="20214">
+<DATE>20-OCT-1987 10:10:51.32</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1163&#31;reute
+r f BC-CENTRAL-ILLINOIS-PUBL   10-20 0057</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+CENTRAL ILLINOIS PUBLIC &lt;CIP> 3RD QTR NET
+    SPRINGFIELD, Ill., Oct 20 
+    Shr 89 cts vs 89 cts
+    Net 30,406,000 vs 30,504,000
+    Revs 163.8 mln vs 172.0 mln
+    Nine Mths
+    Shr 1.89 dlrs vs 2.14 dlrs
+    Net 64,489,000 vs 73,149,000
+    Revs 603.4 mln vs 646.5 mln
+    NOTE: Central Illinois Public Service Co is full name of
+company.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20810" NEWID="20215">
+<DATE>20-OCT-1987 10:12:05.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1169&#31;reute
+r f BC-SUNDSTRAND-CORP-&lt;SNS>   10-20 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUNDSTRAND CORP &lt;SNS> 3RD QTR NET</TITLE>
+<DATELINE>    ROCKFORD, ILL., Oct 20 - 
+    </DATELINE><BODY>Shr 77 cts vs 1.07 dlrs
+    Net 14,455,000 vs 20,083,000
+    Sales 334.4 mln vs 348.5 mln
+    Nine Mths
+    Shr 2.40 dlrs vs 3.04 dlrs
+    Net 45,00,000 vs 56,928,000
+    Sales 987.4 mln vs 1.04 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20811" NEWID="20216">
+<DATE>20-OCT-1987 10:12:37.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1172&#31;reute
+r f BC-CRAZY-EDDIE-&lt;CRZY.O>   10-20 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAZY EDDIE &lt;CRZY.O> AMENDS SHAREHOLDER RIGHTS</TITLE>
+<DATELINE>    EDISON, N.J., Oct 20 - </DATELINE><BODY>Crazy Eddie Inc said its board of
+directors amended the company's shareholder rights plan in
+moves it said were designed to preserve stockholder protection
+and provide flexibility to the plan.
+    Yesterday, Crazy Eddie agreed not to oppose a slate of
+candidates to its board proposed by the Committee to Restore
+Stockholder Value, a shareholder group led by the
+&lt;Oppenheimer-Palmieri Fund L.P.> and Entertainment Marketing
+Inc &lt;EM>, that has been seeking to oust current management.
+    Crazy Eddie said the new amendments limit future amendments
+to the plan, modify the definition of "continuing directors"
+and permit amendment or termination of the plan with the
+consent of the company's shareholders if there are no
+continuing directors in office or the approval of at least
+three such directors cannot be obtained.
+    The company also said it approved a certificate of
+designation with respect to its 4.5 mln shares of authorized,
+but previously undesignated and unissued shares of preferred
+stock and adopted an employee stock ownership plan.
+    Crazy Eddie also that it requested that the shareholder
+group make a commitment not to take the company private until
+Crazy Eddie has had a chance to recover from current financial
+difficulties, a committment that the group rejected.
+    Crazy Eddie said it will hold its annual shareholders
+meeting on November 6.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20812" NEWID="20217">
+<DATE>20-OCT-1987 10:13:21.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1178&#31;reute
+r f BC-HUNTINGTON-BANCSHARES   10-20 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUNTINGTON BANCSHARES INC &lt;HBAN.O> 3RD QTR NET</TITLE>
+<DATELINE>    COLUMBUS, Ohio, Oct 20 -
+    </DATELINE><BODY>Shr 68 cts vs 61 cts
+    Shr diluted 66 cts vs 60 cts
+    Net 18.6 mln vs 16.5 mln
+    Avg shrs 27.5 mln vs 26.6 mln
+    Nine mths
+    Shr 1.40 dlrs vs 1.76 dlrs
+    Shr diluted 1.38 dlrs vs 1.71 dlrs
+    Net 38.9 mln vs 46.9 mln
+    Avg shrs 27.4 mln vs 25.8 mln
+    NOTE: Share adjusted for July 1987 10 pct stock dividend.
+    Results restated for pooled acquisitions.
+    Net includes loan loss provisions of 5,765,000  dlrs vs
+4,252,000 dlrs in quarter and 43.3 mln dlrs vs 15.4 mln dlrs in
+nin mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20813" NEWID="20218">
+<DATE>20-OCT-1987 10:15:16.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1186&#31;reute
+f f BC-GTE-CORP-3RD-QT   10-20 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GTE CORP 3RD QTR SHR 86 CTS VS 96 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20814" NEWID="20219">
+<DATE>20-OCT-1987 10:15:58.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1191&#31;reute
+u f BC-FIRESTONE-TIRE-AND-RU   10-20 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRESTONE TIRE AND RUBBER CO &lt;FIR> RAISES PAYOUT</TITLE>
+<DATELINE>    AKRON, Ohio, Oct 20 -
+    </DATELINE><BODY>Qtly div 30 cts vs 25 cts
+    Pay Jan 19
+    Record Jan Four
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20815" NEWID="20220">
+<DATE>20-OCT-1987 10:16:35.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1195&#31;reute
+r f BC-WEIRTON-STEEL-CORP-3R   10-20 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEIRTON STEEL CORP 3RD QTR</TITLE>
+<DATELINE>    WEIRTON, W.Va., Oct 20 -
+    </DATELINE><BODY>Net 33.6 mln vs 11.1 mln
+    Revs 319.6 mln vs 295.1 mln
+    Nine mths
+    Net 97.3 mln vs 30.0 mln
+    Revs 997.8 mln vs 860.0 mln
+    NOTE: Company does not report per share earnings as it is a
+privately-owned concern.
+    Net amounts reported are before taxes, profit sharing, and
+contribution to employee stock ownership trust.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20816" NEWID="20221">
+<DATE>20-OCT-1987 10:17:06.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1199&#31;reute
+r f BC-DOMTAR-INC-&lt;DTC>-3RD   10-20 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOMTAR INC &lt;DTC> 3RD QTR NET</TITLE>
+<DATELINE>    MONTREAL, Oct 19 -
+    </DATELINE><BODY>Shr 37 cts vs 41 cts
+    Net 35 mln vs 38 mln
+    Revs not given
+    Nine mths
+    Shr 1.32 dlrs vs 1.18 dlrs
+    Net 123 mln vs 106 mln
+    Revs not given
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20817" NEWID="20222">
+<DATE>20-OCT-1987 10:17:09.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1200&#31;reute
+f f BC-MELVILLE-CORP-3   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MELVILLE CORP 3RD QTR PER SHARE 95 CTS VS 87 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20818" NEWID="20223">
+<DATE>20-OCT-1987 10:17:24.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1201&#31;reute
+r f BC-GENERAL-SIGNAL   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL SIGNAL CORP &lt;GSX> 3RD QTR NET</TITLE>
+<DATELINE>    STAMFORD, Conn., Oct 20 -
+    </DATELINE><BODY>Shr 67 cts vs 65 cts
+    Net 18.9 mln vs 18.6 mln
+    Revs 399.0 mln vs 391 mln
+    Nine mths
+    Shr 1.70 dlrs vs 1.98 dlrs
+    Net 48.2 mln vs 56.9 mln
+    Revs 1.18 billion vs 1.2 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20819" NEWID="20224">
+<DATE>20-OCT-1987 10:18:09.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1205&#31;reute
+r f BC-domtar-withdraws-stoc   10-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOMTAR &lt;DTC> WITHDRAWS STOCK OFFERING</TITLE>
+<DATELINE>    MONTREAL, Oct 20 - </DATELINE><BODY>Domtar Inc said it is withdrawing a
+previously-announced issue of five mln common shares, "due to
+unfavourable conditions in the financial markets."
+    Domtar said its capital expenditure program will not be
+affected by the issue's withdrawal as other sources of
+financing are currently available.
+    Underwriters were Nesbitt Thomson Deacon Ltd, Levesque,
+Beaubien Inc and McLeod Young Weir Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20820" NEWID="20225">
+<DATE>20-OCT-1987 10:18:20.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1206&#31;reute
+r f BC-SEARS-&lt;S>-OPTIMISTIC   10-20 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEARS &lt;S> OPTIMISTIC OVER 4TH QUARTER</TITLE>
+<DATELINE>    CHICAGO, Oct 20 - </DATELINE><BODY>Sears, Roebuck and Co said it remains
+optimistic about the fourth quarter and year ahead.
+    The company said it expects gains in disposable personal
+income to accelerate in the quarter with general merchandise
+industry sales increasing about 5.0 pct with nondurables
+registering a larger gain than durables.
+    For the third quarter, Sears posted earnings of 409.0 mln
+dlrs, or 1.09 dlrs a share, up from the prior year's 328.1 mln
+dlrs, or 88 cts a share. Revenues rose 9.1 pct to 12.19 billion
+dlrs.
+    Sears said net after-tax realized capital gains and other
+income in the quarter totaled 90.6 mln dlrs compared with 40.7
+mln dlrs last year.
+    For the nine months, it said net after-tax realized capital
+gains and other income totaled 290.5 mln dlrs compared with
+155.2 mln dlrs a year ago.
+    It said the Merchandise Group's quarterly income of 170.4
+mln dlrs compared with 170.0 mln dlrs the previous year. Sears
+said its Allstate Insurance Group reported quarterly income of
+240.5 mln dlrs, up 19.7 pct from 200.9 mln dlrs a year ago and
+benefited from a 33.3 mln dlr "fresh start" adjustment.
+    Sears said its Dean Witter Financial Services Group
+reported a loss of 4.2 mln dlrs in the quarter compared to a
+year-ago loss of 8.0 mln dlrs.
+    It said Discover Card operations reported a loss of 29.4
+mln dlrs compared to a loss of 28.4 mln dlrs a year ago.
+    The company said its Coldwell Banker Real Estate Group
+reported third-quarter income of 47.8 mln dlrs compared with
+7.8 mln dlrs last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20821" NEWID="20226">
+<DATE>20-OCT-1987 10:18:42.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f1207&#31;reute
+r f BC-MELLON-BANK-CORP-&lt;MEL   10-20 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELLON BANK CORP &lt;MEL> 3RD QTR NET</TITLE>
+<DATELINE>    PITTSBURGH, Oct 20 -
+    </DATELINE><BODY>Shr profit 47 cts vs profit 1.78 dlrs
+    Net profit 16 mln vs profit 53 mln
+    Avg shrs 27.7 mln vs 27.4 mln
+    Nine mths
+    Shr loss 22.51 dlrs vs profit 5.78 dlrs
+    Net loss 610 mln vs profit 168 mln
+    Avg shrs 217.6 mln vs 27.3 mln
+    Assets 33.14 billion vs 33.89 billion
+    Deposits 22.01 billion vs 19.86 billion
+    Loans 21.76 billion vs 22.70 billion
+    NOTE: Net includes loan loss provisions of 40 mln dlrs vs
+48 mln dlrs in quarter and 748 mln dlrs vs 217 mln dlrs in nine
+mths.
+    Net includes pretax gains on sale of securities of 11 mln
+dlrs vs 29 mln dlrs in quarter and 13 mln dlrs vs 130 mln dlrs
+in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20822" NEWID="20227">
+<DATE>20-OCT-1987 10:18:59.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1209&#31;reute
+f f BC-DOMINION-RESOUR   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOMINION RESOURCES INC 3RD QTR SHR 1.52 DLRS VS 1.37 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20823" NEWID="20228">
+<DATE>20-OCT-1987 10:20:10.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1216&#31;reute
+d f BC-MUSICLAND-GROUP-INC-&lt;   10-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MUSICLAND GROUP INC &lt;TMG> 3RD QTR NET SEPT 25</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., Oct 20 -
+    </DATELINE><BODY>Shr 28 cts vs 14 cts
+    Net 3,110,000 vs 1,286,000
+    Sales 112.7 mln vs 93.8 mln
+    Avg shrs 11.2 mln vs 9.1 mln
+    Nine Mths
+    Shr 58 cts vs 15 cts
+    Net 6,377,000 vs 1,332,000
+    Sales 307.8 mln vs 233.8 mln
+    Avg shrs 10.9 mln vs 9.1 mln
+    NOTE: Effective September 25, 1987, Primerica Corp &lt;PA>
+owned 81.4 pct of Musicland's common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20824" NEWID="20229">
+<DATE>20-OCT-1987 10:22:49.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1231&#31;reute
+f f BC-COMMODORE-INTER   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COMMODORE INTERNATIONAL LTD SAID ITS MAJOR CREDIT FACILITIES HAVE BEEN RESTORED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20825" NEWID="20230">
+<DATE>20-OCT-1987 10:23:22.28</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1235&#31;reute
+r f BC-REAGAN-SENDS-INT'L-RU   10-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SENDS INT'L RUBBER AGREEMENT TO SENATE</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>President Reagan sent the five-year
+International Natural Rubber Agreement to the Senate for
+approval.
+    Reagan said the accord is designed to stabilize rubber
+prices without disturbing long-term market trends and to foster
+expanded natural rubber supplies at reasonable prices.
+    It continues a buffer stock of not more than 550,000 tonnes
+established by a 197agreement. This will be used to defend a
+regularly adjusted price range and will be financed equally by
+importing and exporting members of the agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20826" NEWID="20231">
+<DATE>20-OCT-1987 10:23:58.76</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1240&#31;reute
+b f BC-/NO-PRESSING-NEED-FOR   10-20 0137</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO PRESSING NEED FOR SOVIET WHEAT SUBSIDY - LYNG</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The Soviets have not indicated an
+urgent need for a U.S. wheat subsidy offer, and it is unlikely
+that such an offer will be ma during the U.S./Soviet summit
+expected to be held next month, Agriculture Secretary Richard
+Lyng told Reuters.
+    In an exclusive interview with Reuters, Lyng said he did
+not know if the United States will offer Moscow another wheat
+subsidy offer this year or when that offer will be made.
+    "Last year it was well into the year before we offered it.
+There's been nothing that's taken place to indicate to me that
+there's a pressing need on their part for that sort of deal (a
+wheat subsidy)."
+    When asked if a subsidy would be offered at a U.S./Soviet
+summit, Lyng said, "No, I don't think so. I don't think that."
+    The Agriculture Secretary said a U.S. wheat subsidy deal to
+Moscow would not be the kind of topic appropriate for
+discussion at a summit.
+    "It would not be the kind of issue that the President or the
+Chairman would get into specific negotiations or discussions
+about," Lyng said.
+    "When Mr. Nikonov (communist party secretary for
+agriculture) was here ... he indicated that trade in wheat was
+not something that would be discussed with the President of the
+United States. He said it's not presidential," Lyng said.
+    Lyng said uncertainties about wheat quality in some major
+producing areas of the world, volatile wheat prices and the
+still unfinished Soviet grain harvest could delay any final
+decision on the timing of another wheat subsidy to Moscow.
+    The future of the U.S./Soviet long-term grains agreement
+will be discussed the first of next year, Lyng said, but the
+Agriculture Secretary questioned the benefits of the
+long-standing agreement.
+    "We've had three years in a row in which the Soviets have
+failed to live up to their end of the agreement ... We would
+love to continue to keep doing busines with the Soviet Union,
+but do we need a long-term agreement. Who benefits from that.
+These are some of the questions we need to discuss."
+    When asked if he felt the United States has benefitted from
+the agreement, Lyng said, "I don't know. It certainly hasn't
+been what we had hoped it would be. For three years running
+they've (Moscow) failed to live up to what we considered was an
+agreement."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20827" NEWID="20232">
+<DATE>20-OCT-1987 10:24:06.81</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D><D>india</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1241&#31;reute
+b f BC-LYNG-SAYS-INDIA-FOOD   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG SAYS INDIA FOOD AID PACKAGE NOT READY</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The United States and India have
+not yet agreed on a food aid package to help the
+drought-stricken Asian country, Agriculture Secretary Richard
+Lyng said.
+    Lyng told Reuters in an interview that the two countries
+have been discussing a package but that he did not expect the
+specifics of the offer to be announced during Indian Prime
+Minister Rajiv Gandhi's visit here this week.
+    "We have been talking about the potential needs that India
+might have for both their commercial market and purchases needs
+as well as the possibilities of assistance," Lyng said.
+    "At this point, there is no detailed plan or program. The
+amounts of what commodities are uncertain. But we have
+indicated to the Indians that we stand ready to assist in
+whatever way they deem most valuable," he said.
+    There has been speculation in trade circles that USDA would
+offer India subsidized vegetable oil under the export
+enhancement program and donate surplus corn under Section 419
+of an amended 1949 law.
+    Lyng indicated the two countries have been unable to agree
+on the mix of concessional and commercial aid, and that
+Washington would prefer the package include something other
+than donated food.
+    "The Indians are capable of purchasing a lot, of taking care
+of themselves. India is a country that has come a long way in
+its ability to produce food and they have a great pride in
+that," Lyng said.
+    "We (the United States) obviously, with the surpluses we
+still have of many commodities..., would like to share in the
+import business the Indians do, and then we have some, as we
+always do, compassion for the people of India and would like to
+cooperate with them," he said.
+    Lyng said he had no plans to meet with Indian officials
+during Gandhi's visit here, adding, "I just don't know of
+anything that might be announced specifically."
+    Asked if "the ball was in the Indians' court," he said, "Yes."
+    Gandhi is to leave Washington Tuesday evening.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20828" NEWID="20233">
+<DATE>20-OCT-1987 10:24:53.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1249&#31;reute
+r f BC-MELVILLE-CORP-&lt;MES>-3   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELVILLE CORP &lt;MES> 3RD QTR NET</TITLE>
+<DATELINE>    HARRISON, N.Y., Oct 20 -
+    </DATELINE><BODY>Shr 95 cts vs 87 cts
+    Net 51.6 mln vs 47.3 mln
+    Revs 1.39 billion vs 1.26 billion
+    Nine mths
+    Shr 2.27 dlrs vs 1.93 dlrs
+    Net 123.5 mln vs 104.6 mln
+    Revs 3.92 billion vs 3.53 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20829" NEWID="20234">
+<DATE>20-OCT-1987 10:24:57.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1250&#31;reute
+d f BC-BOLT-BERANEK-AND-NEWM   10-20 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLT BERANEK AND NEWMAN INC &lt;BBN> 1ST QTR NET</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., Oct 20 - </DATELINE><BODY>ended sept 30
+    Shr 22 cts vs 18 cts
+    Net 4,127,000 vs 3,177,000
+    Sales 70.2 mln vs 48.6 mln
+    NOTE: Share adjusted for July 1987 two-for-one stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20830" NEWID="20235">
+<DATE>20-OCT-1987 10:25:57.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1253&#31;reute
+r f BC-DOMINION-RESOURCES-IN   10-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOMINION RESOURCES INC &lt;D> 3RD QTR NET</TITLE>
+<DATELINE>    RICHMOND, Va., Oct 20 -
+    </DATELINE><BODY>Shr 1.52 dlrs vs 1.37 dlrs
+    Net 144.5 mln vs 127.3 mln
+    Revs 909.8 mln vs 824.7 mln
+    Avg shrs 95.1 mln vs 92.9 mln
+    12 mths
+    Shr 4.62 dlrs vs 4.05 dlrs
+    Net 435.9 mln vs 372.1 mln
+    Revs 3.28 billion vs 2.94 billion
+    Avg shrs 94.3 mln vs 91.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20831" NEWID="20236">
+<DATE>20-OCT-1987 10:26:58.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1259&#31;reute
+d f BC-SOUTHWEST-AIRLINES-&lt;L   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST AIRLINES &lt;LUV> TO REPURCHASE SHARES</TITLE>
+<DATELINE>    DALLAS, Oct 20 - </DATELINE><BODY>Southwest Airlines Co said it intends to
+repurchase up to 500,000 common shares in the open market from
+time to time.
+    The company also said it is expanding its air freight
+service to Dallas, Amarillo, Houston, Austin, Lubbock, San
+Antonio and Midland/Odessa, Texas and San Francisco.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20832" NEWID="20237">
+<DATE>20-OCT-1987 10:27:33.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1263&#31;reute
+d f BC-INTER-REGIONAL-FINANC   10-20 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTER-REGIONAL FINANCIAL&lt;IFG> 3RD QTR OPER NET</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 20 -
+    </DATELINE><BODY>Oper shr 30 cts vs 26 cts
+    Oper net 2,360,000 vs 2,018,000
+    Revs 74.4 mln vs 70.1 mln
+    Nine mths
+    Oper shr 92 cts vs 92 cts
+    Oper net 7,101,000 vs 7,116,000
+    Revs 218.8 mln vs 209.2 mln
+    NOTE: Earnings exclude a gain from utilization of tax loss
+carryforwards of 978,000 dlrs, or 13 cts a share vs a loss of
+4,967,000 dlrs, or 66 cts a share in the quarter and gains of
+2,895,000 dlrs, or 37 cts a share vs 4,944,000 dlrs, or 64 cts
+a share in the nine months
+    1986 earnings exclude losses from discontinued operations
+of 9,000,000 dlrs, or 1.19 dlrs a share in the quarter and
+387,000 dlrs, or five cts a share in the nine months
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20833" NEWID="20238">
+<DATE>20-OCT-1987 10:29:21.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1273&#31;reute
+b f BC-HUTTON-&lt;EFH>-REITERAT   10-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUTTON &lt;EFH> REITERATES STATEMENT OF SOLVENCY</TITLE>
+<DATELINE>    New York,  Oct 20 - </DATELINE><BODY>An E.F. Hutton Group Inc spokesman said
+he stuck by a statement made yesterday that the firm was not
+having liquidity problems.
+    The statement was made by Hutton Chief Financial Officer
+Edward Lill. Sources at Hutton said senior management was
+meeting and that a statement would be made to employees when
+the meeting ended.
+    Sources said they assumed the statement would pertain to
+market rumors the firm's having liquidity problems and that it
+is considering bankruptcy.
+    Hutton's stock tumbled amid market rumors that it was ready
+to file bankruptcy. Rumors that several big firms have had
+problems circulated world markets. Hutton stock hit a low of 11
+and was trading at 19-1/4. The stock opened at 24-1/2.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20834" NEWID="20239">
+<DATE>20-OCT-1987 10:29:27.49</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1274&#31;reute
+b f BC-ALGERIA-BUYS-75,000-T   10-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALGERIA BUYS 75,000 TONNES EEP WHEAT - TRADE</TITLE>
+<DATELINE>    KANSAS CITY, Oct 20 - </DATELINE><BODY>Indications are that USDA accepted
+Algeria's bid for 75,000 tonnes of hard red winter wheat, but
+rejected bids for the remaining 225,000 tonnes under its export
+bonus tender, U.S. exporters said.
+    USDA accepted Algeria's bid of 94.00 dlrs per tonne, c and
+f, for 50,000 tonnes for Nov 10-25 shipment and 25,000 for Nov
+20-Dec 10, the sources said. It rejected bids for wheat for
+later shipment dates, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20835" NEWID="20240">
+<DATE>20-OCT-1987 10:29:34.27</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1275&#31;reute
+f f BC-UNITED-TELECOMM   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNITED TELECOMMUNICATIONS INC 3RD QTR SHR 23 CTS VS 49 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20836" NEWID="20241">
+<DATE>20-OCT-1987 10:32:47.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1298&#31;reute
+r f BC-GTE-CORP-3RD-QT   10-20 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE CORP &lt;GTE> 3RD QTR NET</TITLE>
+<DATELINE>    STAMFORD, Oct 20 -
+    </DATELINE><BODY>Shr 86 cts vs 96 cts
+    Net 297 mln vs 325 mln
+    Revs 2.95 billion vs 2.86 billion
+    Nine mths
+    Shr 2.30 dlrs vs 2.74 dlrs
+    Net 785 mln vs 916 mln
+    Revs 11.3 billion vs 11.1 billion
+    NOTE: 1986 share results restated for 3-for-2 stock split
+in January 1987
+   
+    1987 net in both periods includes business repositioning
+gains of 16 mln dlrs, or five cts a share, and gains from early
+retirement programs of 65 mln dlrs, or 20 cts a share
+    1987 nine months net also includes pre-tax charge of 175
+mln dlrs for GTE's share of a special write-off at U.S. Sprint
+which reduced after tax net by 104 mln dlrs, or 31 cts a share
+    1986 net in both periods includes business repositioning
+gains of 32 mln dlrs, or 10 cts per share
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20837" NEWID="20242">
+<DATE>20-OCT-1987 10:33:15.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1302&#31;reute
+s f BC-CITIZENS-BANKING-CORP   10-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS BANKING CORP &lt;CBCF.O> REG QTLY DIV</TITLE>
+<DATELINE>    FLINT, MICH., Oct 20 -
+    </DATELINE><BODY>Qtly div 24 cts vs 24 cts prior
+    Pay November 10
+    Record October 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20838" NEWID="20243">
+<DATE>20-OCT-1987 10:34:10.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1308&#31;reute
+r f BC-SWISS-1988-BUDGET-HAS   10-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS 1988 BUDGET HAS 1.3 BILLION FRANC SURPLUS</TITLE>
+<DATELINE>    BERNE, Oct 20 - </DATELINE><BODY>The Swiss government's proposed 1988 budget
+projects a 1.3 billion franc surplus, the Finance Ministry
+announced.
+    Income is expected to rise 11.6 mln francs to 27.22
+billion, while expenditure is seen increasing 7.1 mln to 25.95
+billion next year. After internal transfers, net income was
+planned to total 637 mln francs.
+    The ministry also announced that higher than expected
+income during 1987 would likely boost this year's surplus
+significantly higher than the 171 mln francs budgeted.
+    The ministry said the encouraging development of
+Switzerland's finances was due to steady economic growth since
+1983 and the government's conservative fiscal policy.
+    Although the dollar's weakness is likely to dampen economic
+growth slightly in 1988 by depressing exports, domestic
+investment and consumer demand were expected to remain strong.
+    Real gross national product growth was seen rising two pct,
+while annual inflation was also projected to reach two pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20839" NEWID="20244">
+<DATE>20-OCT-1987 10:34:21.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1310&#31;reute
+f f BC-LOUISIANA-PACIF   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LOUISIANA-PACIFIC CORP 3RD QTR SHR 1.11 DLRS VS 59 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20840" NEWID="20245">
+<DATE>20-OCT-1987 10:34:42.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1312&#31;reute
+d f BC-SAAB-U.S.-UNIT-SEES-L   10-20 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAAB U.S. UNIT SEES LIMITED IMPACT ON ITS CARS</TITLE>
+<DATELINE>    DETROIT, Oct 20 - </DATELINE><BODY>The plunge in stock market prices should
+have its biggest impact on the middle range of the car market
+but have less impact on cheap cars as well as luxury vehicles,
+the president of &lt;Saab-Scania of America Inc> said.
+    Robert Sinclair, head of the U.S. subsidiary of Saab-Scania
+AB &lt;SABS.ST> of Sweden, told reporters "We're much better off
+than the middle of the market -- those buyers will wait to see
+what happens."
+    Sinclair said the greatest impact would come on buyers of
+cars in the 14,000 dlr to 18,000 dlr range, which has been
+targeted for a new product assault by General Motors Corp &lt;GM> 
+and is the segment where Ford Motor Co &lt;F> has had considerable
+success with its mid-sized cars.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20841" NEWID="20246">
+<DATE>20-OCT-1987 10:34:44.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1313&#31;reute
+f f BC-BRISTOL-MYERS-C   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BRISTOL-MYERS CO 3RD QTR SHR 70 CTS VS 61 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20842" NEWID="20247">
+<DATE>20-OCT-1987 10:34:50.80</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1314&#31;reute
+u f BC-S.-AFRICAN-CONSUMER-I   10-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICAN CONSUMER INFLATION FALLS IN SEPTEMBER</TITLE>
+<DATELINE>    PRETORIA, Oct 20 - </DATELINE><BODY>South African year-on-year consumer
+price inflation in September fell to 15.5 pct from 16.3 pct in
+August, Central Statistics Office figures show.
+    The monthly rise in the all items index (base 1980) was 1.3
+pct to 273.4 in September after edging up to 270.0 in August.
+    A year ago the index stood at 236.7 and year-on-year
+consumer price inflation at 19.7 pct.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20843" NEWID="20248">
+<DATE>20-OCT-1987 10:35:30.48</DATE>
+<TOPICS><D>trade</D><D>jobs</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1318&#31;reute
+r f BC-SHULTZ-SAYS-U.S.-ECON   10-20 0113</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SHULTZ SAYS U.S. ECONOMY IS STRONG LONDON, Oct 20 - U.S.
+Secretary of State George Shultz, after discussing Monday's
+record selling spree on the world's stock markets with British
+Foreign Secretary Sir Geoffrey Howe, said the American economy
+"is in very strong shape." Shultz, a former economics professor
+and former Treasury Secretary, said "the underlying fact ... If
+you look at the U.S. Economy, is that we continue to have a
+very strong economic performance." He cited as positive factors
+declining U.S. Unemployment and low inflation.
+    Shultz said he did not know to what extent the stock
+selling frenzy reflected concerns about U.S. Trade and budget
+deficits.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20844" NEWID="20249">
+<DATE>20-OCT-1987 10:35:52.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1321&#31;reute
+r f BC-U-S-WEST-&lt;USW>-3RD-QT   10-20 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U S WEST &lt;USW> 3RD QTR NET</TITLE>
+<DATELINE>    DENVER, COLO., Oct 20 - 
+    </DATELINE><BODY>Shr 1.46 dlrs vs 1.41 dlrs
+    Net 277.5 mln vs 268.3 mln dlrs
+    Revs 2.13 billion vs 2.14 billion
+    Nine Mths
+    Shr 3.95 dlrs vs 3.78 dlrs
+    Net 750.5 mln vs 718.4 mln
+    Revs 6.28 billion vs 6.22 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20845" NEWID="20250">
+<DATE>20-OCT-1987 10:36:00.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f1322&#31;reute
+d f BC-MEXICO-CLOSES-BORDER   10-20 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO CLOSES BORDER TO SOME U.S. FRUIT</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Mexico has decided to close its border
+to imports of fresh fruit from San Diego and Orange Counties in
+California, the U.S. Agriculture Department's officer in Mexico
+City said in a field report.
+    The report, dated October 14, said the border closing
+became effective September 25 and also includes the surrounding
+70-mile area of the two counties.
+    While the ban applies specifically to Orange County fruits
+that are hosts of the Mediterranean fruit fly and San Diego
+County fruits that are hosts of the Oriental fruit fly, the
+Mexican Government will stop all fresh fruit shipments from the
+counties until proof of non-infestation is provided, the report
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20846" NEWID="20251">
+<DATE>20-OCT-1987 10:36:47.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1328&#31;reute
+d f BC-KELSEY-HAYES-CANADA-L   10-20 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KELSEY-HAYES CANADA LTD &lt;KEL.TO> NINE MTHS NET</TITLE>
+<DATELINE>    WINDSOR, Ontario, Oct 20 -
+    </DATELINE><BODY>Shr 44 cts vs 1.23 dlrs
+    Net 2,889,010 vs 8,105,462
+    Sales 105.8 mln vs 119.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20847" NEWID="20252">
+<DATE>20-OCT-1987 10:37:20.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1330&#31;reute
+d f BC-ROCKEFELLER-CENTER-PR   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCKEFELLER CENTER PROPERTIES INC &lt;RCP> 3RD QTR</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 30 cts vs 31 cts
+    Net 11.3 mln vs 11.7 mln
+    Revs 26.5 mln vs 26.3 mln
+    Nine mths
+    Shr 92 cts vs 95 cts
+    Net 34.3 mln vs 35.5 mln
+    Revs 78.8 mln vs 78.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20848" NEWID="20253">
+<DATE>20-OCT-1987 10:38:19.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1337&#31;reute
+d f BC-MANOR-CARE-&lt;MNR>-RAIS   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANOR CARE &lt;MNR> RAISES SHARE REPURCHASE</TITLE>
+<DATELINE>    SILVER SPRING, Md., Oct 20 - </DATELINE><BODY>Manor Care Inc said it has
+raised its share repurchase program to include four mln
+additional shares, raising the total number under the program
+to five mln.
+    It said it h already repurchased the first one mln shares
+outhorized.  Manor Care now has about 40 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20849" NEWID="20254">
+<DATE>20-OCT-1987 10:38:23.91</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1338&#31;reute
+f f BC-BANKERS-TRUST-N   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANKERS TRUST NEW YORK CORP 3RD QTR SHR 2.03 DLRS VS 1.53 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20850" NEWID="20255">
+<DATE>20-OCT-1987 10:39:07.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1340&#31;reute
+d f BC-ARITECH-CORP-&lt;ARIT.O>   10-20 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARITECH CORP &lt;ARIT.O> 3RD QTR OCT TWO</TITLE>
+<DATELINE>    FRAMINGHAM, Mass., Oct 20 -
+    </DATELINE><BODY>Shr 34 cts vs 33 cts
+    Net 1,031,000 vs 972,000
+    Revs 27.9 mln vs 26.9 mln
+    Nine mths
+    Shr 93 cts vs 76 cts
+    Net 2,802,000 vs 2,267,000
+    Revs 86.1 mln vs 77.7 mln
+    NOTE: 1987 3rd qtr and nine mths revs includes sales to ADT
+Inc of 3.0 mln dlrs and 10.9 mln dlrs. 1986 3rd qtr and nine
+mths includes sales of 3.5 mln dlrs and 10.7 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20851" NEWID="20256">
+<DATE>20-OCT-1987 10:39:12.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1341&#31;reute
+r f BC-SOUTHOLD-SAVINGS-BANK   10-20 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHOLD SAVINGS BANK &lt;SDSB.O> 3RD QTR NET</TITLE>
+<DATELINE>    SOUTHOLD, N.Y., Oct 20 -
+    </DATELINE><BODY>Shr 50 cts
+    Net 2,751,000 vs 2,094,000
+    Nine mths
+    Net 6,993,000 vs 5,577,000
+    Assets 603.1 mln vs 504.3 mln
+    Loans 448.5 mln vs 358.1 mln
+    Deposits 467.9 mln vs 447.7 mln
+    NOTE: Per share figures for 1986 and 1987 nine mths not
+available as bank converted to stock form of company in April
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20852" NEWID="20257">
+<DATE>20-OCT-1987 10:39:36.55</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1343&#31;reute
+d f BC-CONSTELLATION-BANCORP   10-20 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSTELLATION BANCORP &lt;CSTL.O> 3RD QTR NET</TITLE>
+<DATELINE>    ELIZABETH, N.J., Oct 20 -
+    </DATELINE><BODY>Shr 78 cts vs 61 cts
+    Net 4,774,000 vs 3,683,000
+    Nine mths
+    Shr 2.14 dlrs vs 1.77 dlrs
+    Net 13.1 mln vs 10.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20853" NEWID="20258">
+<DATE>20-OCT-1987 10:40:51.17</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1350&#31;reute
+b f BC-SRI-LANKA-POSTPONES-E   10-20 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SRI LANKA POSTPONES EEP WHEAT TENDER - TRADE</TITLE>
+<DATELINE>    KANSAS CITY, Oct 20 - </DATELINE><BODY>Sri Lanka has postponed until
+November its tender for 75,000 tonnes of wheat under the export
+bonus program, originally scheduled for today, U.S. exporters
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20854" NEWID="20259">
+<DATE>20-OCT-1987 10:41:35.67</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f1355&#31;reute
+d f BC-LOUVRE-REAFFIRMATION   10-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUVRE REAFFIRMATION NOT ENOUGH - U.K. ANALYSTS</TITLE>
+<AUTHOR>    By Rowena Whelan</AUTHOR>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>U.S. And West German reaffirmation of
+support for the Louvre Accord cannot cure the fundamental
+problems bedevilling the world economy which lie behind the
+current collapse in stock markets, London economists said.
+    "There's going to have to be some acknowledgement that the
+dollar is going to be allowed to slip," said Richard Jeffrey of
+Hoare Govett. "If not, there is going to be continued fear that
+when pressure emerges on the dollar, the Fed will be forced to
+tighten. This throws up the economic abyss of recession in the
+U.S. With obvious knock on effects on the rest of the world."
+    But some economists added that Wall Street's crash, which
+dragged other major markets down with it, may help curb the
+very problems that sparked the turmoil - namely world inflation
+fears and the massive and persistent U.S. Trade deficits.
+    "If there is a benefit from a 23 pct fall in Wall Street
+...It's some sort of resistance to inflation worldwide," said
+Geoffrey Dennis of brokers James Capel, echoing comments from
+other London and Tokyo analysts.
+    Lower personal wealth from lower stock prices and fears of
+further falls should dampen credit growth, curbing inflationary
+pressures and import demand in the U.S., They say.
+    Such considerations may be helping bond markets resist the
+equity crash, according to Mike Osborne of Kleinwort Grieveson.
+    "It would be suicidal for any government in the context of
+what happened in the last couple of days to jack up their
+interest rates," he added.
+    Stocks surged after news Chemical Bank cut its prime
+lending rate half a point to 9.25 pct Tuesday and U.S. Fed
+chairman Alan Greenspan pledged support for the financial
+system.
+    The news eroded the most immediate fears that the stock
+collapse would spill over into the economy, via a banking
+crisis for example, thus precipitating recession.
+    It also helped the dollar rally sharply, to a high of
+1.8200 marks from a European low of 1.7880. But economists said
+today's whiplash moves do not have long term significance and
+that markets should try to keep the underlying fundamentals in
+mind.
+    "The United States has been able to live on borrowed time.
+If the effect of this (crash) is to produce slower economic
+growth not recession...It contains good news (and) provides a
+more realistic assessment of the U.S. Economy," said Capel's
+Dennis. But he added that markets are still very much in
+danger.
+    "The liquidity doesn't disappear...All it's doing is
+disappearing from the equity markets," Dennis noted.
+    David Morrison of Goldman Sachs International said world
+market turbulence will be exacerbated if the Group of Seven
+(G-7) leading western nations confirms a base for the dollar,
+as implied by West German Finance Minister Gerhard
+Stoltenberg's remarks that intervention to support currencies
+is still on.
+    Last week's dollar fall was partly triggered by
+expectations that the Germans were more worried about the money
+supply impact of such intervention than maintaining currency
+stability.
+    But rigid adherence to dollar ranges would be bad, said
+Morrison. "The Louvre Accord is fundamentally misconceived. To
+stabilise the dollar at too high a level is wrong," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20855" NEWID="20260">
+<DATE>20-OCT-1987 10:41:38.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM 
+&#22;&#22;&#1;f1356&#31;reute
+f f BC-CANADA-FINANCE-MINIST   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>CANADIAN MINISTER SAYS G-7 HAD NUMBER OF TALKS ON PROVIDING LIQUIDITY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20856" NEWID="20261">
+<DATE>20-OCT-1987 10:42:36.41</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>tanzania</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T G 
+&#22;&#22;&#1;f1361&#31;reute
+d f BC-NEW-CONTAINER-CRANES   10-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW CONTAINER CRANES ARRIVE AT TANZANIA PORT</TITLE>
+<DATELINE>    DAR ES SALAAM, Oct 20 - </DATELINE><BODY>Two large container cranes donated
+by the Danish International Development Agency (DANIDA) have
+arrived in Dar es Salaam where they will help to increase the
+port's cargo handling capacity, port officials said.
+    The two new container cranes join one Danish container
+crane already installed in the port, which is an important
+trade outlet for Tanzania, Zambia, Malawi and eastern Zaire.
+    Five more cranes from Finland are due to arrive soon,
+increasing the container terminal's handling capacity to
+120,000 units per year from 30,000 at present, the officials
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20857" NEWID="20262">
+<DATE>20-OCT-1987 10:43:03.06</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1364&#31;reute
+u f BC-U.K.-CREDIT-POLICY-SE   10-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. CREDIT POLICY SEEN STEADY, DESPITE BANK DATA</TITLE>
+<AUTHOR>    By Sandy Critchley</AUTHOR>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>An unexpectedly heavy 4.4 billion stg
+surge in U.K. September sterling bank lending is unlikely to
+nudge the Bank of England towards tightening monetary policy as
+long as sterling remains in its present robust state,
+economists said.
+    An acute crisis of confidence in equity markets over the
+past two days will in any case subdue personal consumer credit
+demand which has largely been behind growth in lending.
+    "In the normal course of events the markets would have been
+extremely worried about that figure," noted Peter Spencer, U.K.
+Economist with Credit Suisse First Boston.
+    After an initial dip in reaction to the bank lending data,
+which compared won stg August rise, U.K.
+Government bonds (gilts) soared as investors continued to flee
+from plummetting equities into the relative security of
+government securities.
+    Equity markets dropped sharply on the news, touching a
+day's low of 1,766.7 on the FTSE 100 index after the data,
+before staging a recovery. Sterling held its buoyant tone
+throughout.
+    U.K. Money market rates, in a similarly calm response,
+resumed the slightly easier trend of earlier in the morning
+after little more than a token blip as the figures came out.
+    Noting that such a huge rise in credit extended by banks
+would under other circumstances have prompted market fears of a
+rise in clearing bank base rates from the current 10 pct, "With
+the financial markets doing what they're doing, that's the last
+thing the Bank of England would want to do," Spencer said.
+    "The monetary situation is clearly very bad but as long as
+sterling is firm, the authorities are unlikely to put rates up,"
+said Kevin Boakes, chief U.K. Economist at Greenwell Montagu
+Gilt Edged. Boakes pointed to a rise in the narrow money
+measure M0 to 5.2 pct year-on-year from August's 4.5 pct
+growth, which he said must cause some concern at the Treasury.
+    But "The fact that overall broad money growth has slowed
+down is a rather encouraging sign," noted Paul Temperton, U.K.
+Economist with Merrill Lynch Capital Markets. He pointed to a
+fall in the year-on-year growth rate of the M3 broad money
+aggregate to 19.5 pct in September from August's 22 pct.
+    It was concern about credit growth which prompted the Bank
+of England to engineer a one point rise in U.K. Bank base rates
+to 10 pct in early August, caution endorsed subsequently by
+news of a massive 4.9 billion stg July rise in bank lending.
+    Temperton noted that a particular focus of bank worry in
+that period had been the behaviour of U.K. Asset markets.
+    Housing and equities were the key two asset markets in
+influencing consumer behaviour, he said.
+    In the light of the precipitous falls on U.K. Equity
+markets in the past few days, "There will almost certainly be a
+straightforward impact on consumer spending and on retail
+sales," Temperton said.
+    "Almost certainly we can look forward to slower growth in
+consumer borrowing if the equity shakeout continues," he added.
+    "I think the stock market has decided that the bank lending
+figure is a thing of the past...We are talking about a very
+serious panic and a flight to quality," Spencer said.
+    A U.K. Treasury official said that it was important to look
+at all the monetary information, not just the bank lending,
+adding that monetary aggregates were growing much more slowly
+than bank lending.
+    Senior banking sources noted that the surge in bank lending
+was evidence of the continuing recent trend of fairly heavy
+personal sector borrowing.
+    Figures from the Banking Information Service showed
+personal sector lending by U.K. Clearing banks rose by 1.66
+billion stg in September after a 978 mln stg August rise. Much
+of the rise reflected quarterly interest payments.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20858" NEWID="20263">
+<DATE>20-OCT-1987 10:44:31.45</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1370&#31;reute
+b f BC-/-FED-EXPECTED-TO-ADD   10-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED EXPECTED TO ADD RESERVES VIA CUSTOMER RPS</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>The Federal Reserve is expected to enter
+the government securities market to add reserves via customer
+repurchase agreements, economists said.
+    They expected the amount to total around 1.5 billion to two
+billion dlrs.
+    Economists added that the low rate on federal funds
+indicates the Fed is unlikely to add funds agressively through
+overnight system repurchases, unless it feels the need to calm
+volatile financial markets.
+    Federal funds were trading at 7-1/8 pct, down from
+yesterday's average of 7.61 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20859" NEWID="20264">
+<DATE>20-OCT-1987 10:44:42.37</DATE>
+<TOPICS><D>reserves</D></TOPICS>
+<PLACES><D>taiwan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1371&#31;reute
+r f BC-TAIWAN-FOREIGN-EXCHAN   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAIWAN FOREIGN EXCHANGE RESERVES HIT RECORD HIGH</TITLE>
+<DATELINE>    TAIPEI, Oct 20 - </DATELINE><BODY>Taiwan's foreign exchange reserves, bouyed
+by rising exports, have hit a record high and are likely to
+soar to 72 billion U.S. Dlrs by the year end, central bank
+officials said Tuesday.
+    Central Bank Governor Chang Chi-cheng told reporters the
+reserves totalled about 69 billion U.S. Dlrs, compared with
+about 42 billion at the same time last year and 68 billion on
+October 5. He declined to elaborate.
+    A senior bank official, who declined to be named, told
+Reuters the reserves were likely to reach 72 billion dlrs at
+the end of the year.
+    "The surge in reserves is the result of our trade surplus
+and recent purchases of U.S. Dollars on the local interbank
+market," Chang said.
+    Taiwan's trade surplus hit a record 14.95 billion U.S. Dlrs
+in the first nine months of 1987 compared with 11.05 billion a
+year earlier, official figures show.
+    Vice Economic Minister Wang Chien-hsien said the surplus
+will rise to about 20 billion dlrs by the end of the year.
+About 80 pct of the surplus will come from the island's trade
+with the United States. 
+    Chien said Taiwan's trade will reach 80 billion U.S. Dlrs
+this year compared with 63.96 billion last year.
+    Its exports are expected to total 50 billion and imports 30
+billion against exports of 39.79 billion and imports of 24.17
+billion last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20860" NEWID="20265">
+<DATE>20-OCT-1987 10:44:48.43</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1372&#31;reute
+f f BC-   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bank of France says it leaves intervention rate unchanged at 7-1/2 pct
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20861" NEWID="20266">
+<DATE>20-OCT-1987 10:45:38.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1379&#31;reute
+r f BC-LOUISIANA-PACIFIC-COR   10-20 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUISIANA-PACIFIC CORP &lt;LPX> 3RD QTR NET</TITLE>
+<DATELINE>    PORTLAND, Ore., Oct 20 -
+    </DATELINE><BODY>Shr 1.11 dlrs vs 59 cts
+    Net 42.6 mln vs 22.2 mln
+    Sales 531.8 mln vs 407.4 mln
+    Nine mths
+    Shr 2.45 dlrs vs 1.27 dlrs
+    Net 93.7 mln vs 48.1 mln
+    Sales 1.44 billion vs 1.12 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20862" NEWID="20267">
+<DATE>20-OCT-1987 10:45:47.09</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>sri-lanka</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f1380&#31;reute
+u f BC-SCRAP-CREPE-RUBBER-PR   10-20 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCRAP CREPE RUBBER PRICES FIRAT COLOMBO AUCTION</TITLE>
+<DATELINE>    COLOMBO, Oct 20 - </DATELINE><BODY>Scrap crepe prices firmed on good
+shortcovering demand at the Colombo rubber auction, brokers
+said.
+    One-X brown was traded at 19.75 rupees per kg, up 15 cents
+from last rates while other grades also showed improvements.
+The rise was attributed to a shortage of rubber available to
+manufacture this type.
+    Latex crepe prices were unchanged with the best one-X
+selling at 20.92 rupees. Crepe one was traded at 20.68 and
+crepe two at 20.45 rupees.
+    Sheet was firm as in previous weeks with RSS1 averaging
+22.05 rupees against 22 previously. The total quantity of
+rubber offered at the sale was 320 tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20863" NEWID="20268">
+<DATE>20-OCT-1987 10:46:33.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1385&#31;reute
+r f BC-COMMODORE-&lt;CBU>-RENEW   10-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMODORE &lt;CBU> RENEWS MAJOR CREDIT FACILITIES.</TITLE>
+<DATELINE>    WEST CHESTER, Pa., Oct 20 - </DATELINE><BODY>Commodore International Ltd
+said it agreed with its major lending banks to renew the
+company's credit agreement of about 79 mln dlrs.
+    In fiscal 1987, ended June 30, Commodore said it repaid
+about 68 mln dlrs to this lending group.
+    Commodore said the renewal of the company's major bank
+facilities, together with the 60 mln dlr long-term financing
+completed this past May with &lt;Prudential Insurance Co of
+America>, provide a sound financial basis for the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20864" NEWID="20269">
+<DATE>20-OCT-1987 10:46:52.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1388&#31;reute
+r f BC-OLIN-CORP-&lt;OLN>-3RD-Q   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIN CORP &lt;OLN> 3RD QTR NET</TITLE>
+<DATELINE>    STAMFORD, Conn., Oct 20 -
+    </DATELINE><BODY>Shr 64 cts vs 40 cts
+    Net 14.9 mln vs 8,600,000
+    Revs 468.5 mln vs 411.7 mln
+    Nine mths
+    Shr 2.64 dlrs vs 2.96 dlrs
+    Net 61.6 mln vs 67.0 mln
+    Revs 1.43 billion vs 1.32 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20865" NEWID="20270">
+<DATE>20-OCT-1987 10:47:23.81</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f1393&#31;reute
+u f BC-NORWAY-BOOSTS-OIL-OUT   10-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY BOOSTS OIL OUTPUT BY 22 PCT IN SEPTEMBER</TITLE>
+<DATELINE>    OSLO, Oct 20 - </DATELINE><BODY>Norway's September oil output rose by 22.2
+pct to 1.07 mln barrels per day (bpd) from 830,492 bpd in
+August, according to a Reuter survey of firms operating here.
+    Operators said the sharp rise reflected higher output at
+several of Norway's biggest fields and resumed production at
+fields shut down for 27 days in August for the Ekofisk field
+rescue project.
+    Industry analysts said the increase did not exceed Norway's
+voluntary move to curb by 7.5 pct planned growth in its oil
+output, a move designed to back OPEC-led efforts to stabilise
+oil prices by limiting supplies to world crude markets.
+    Norway, not an OPEC member, decided in June to extend the
+production restraints, enforced since February 1 1987, on all
+its North Sea fields for the rest of the year.
+    Oil Minister Arne Oeien said last month he expected Norway
+would extend into 1988 its policy of slowed production growth.
+    The biggest increase was seen on the Ekofisk field, which
+pumped 168,023 bpd in September against 48,195 bpd in August,
+field operator Phillips Petroleum Norway Inc said.
+    Ekofisk and the nearby Valhall and Ula fields, which use
+the Ekofisk pipeline, were shut down for most of August while
+Phillips raised Ekofisk platforms to counter seabed subsidence.
+    BP Petroleum Development Norway Ltd, operator of the Ula
+field, said September output rose to 86,727 bpd after dropping
+to 27,237 bpd in August because of the shutdown.
+    Valhall, operated by Amoco Norway A/S, flowed 74,694 bpd
+last month compared with 69,748 bpd in August, the company
+said.
+    September production was also sharply higher at the
+Statfjord field. Norway's 84 pct share of Statfjord, which
+extends into the British North Sea sector, was 611,138 bpd
+against 552,646 bpd in August, operator Den Norske Stats
+Oljeselskap A/S (Statoil) said.
+    Norway's 22.2 pct share of the Murchison field which, like
+Statfjord, extends into the British sector, yielded 15,388 bpd
+in September, a slight 920 bpd decrease from the previous
+month, Norwegian partners on the British-operated field said.
+    Statoil boosted output at its Gullfaks field to 109,670 bpd
+in September, compared with 100,188 in August.
+    Norsk Hydro, operator of the Oseberg field, said test
+output at the field from the mobile production ship Petro Jarl
+totalled 1,719 bpd last month, down sharply from 16,170 bpd in
+August.
+    Hydro said the drop was caused by failure to bring on
+stream a second well, cutting September production to just two
+days.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20866" NEWID="20271">
+<DATE>20-OCT-1987 10:47:39.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1395&#31;reute
+f f BC-COCA-COLA-ENTER   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COCA-COLA ENTERPRISES INC 3RD QTR SHR 23 CTS VS 23 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20867" NEWID="20272">
+<DATE>20-OCT-1987 10:47:47.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1396&#31;reute
+d f BC-PIRELLI-SAYS-YEAR-RES   10-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIRELLI SAYS YEAR RESULT CLOUDED BY WORLD OUTLOOK</TITLE>
+<DATELINE>    MILAN, Oct 20 - </DATELINE><BODY>Pirelli Spa &lt;PIRI.MI> said its full-year
+results for 1987 would depend on the world economic situation,
+now clouded by the possibility of a recession.
+    It said strong demand in the cable and tire sectors
+contributed to improved sales and profits in the first six
+months of 1987.
+    The group said in a statement that the cable sector showed
+sustained demand in the first six months of the year,
+particularly in Italy, Spain and Argentina. It said cable sales
+in the U.S. Market remained weak, however.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20868" NEWID="20273">
+<DATE>20-OCT-1987 10:48:15.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1400&#31;reute
+u f BC-BRISTOL-MYERS-CO-&lt;BMY   10-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRISTOL-MYERS CO &lt;BMY> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 70 cts vs 61 cts
+    Net 200.2 mln vs 173.9 mln
+    Sales 1.38 billion vs 1.26 billion
+    Nine mths
+    Shr 1.87 dlrs vs 1.54 dlrs
+    Net 535.6 mln vs 437.8 mln
+    Sales 4.04 billion vs 3.63 billion
+    NOTE: Share adjusted for two-for-one stock split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20869" NEWID="20274">
+<DATE>20-OCT-1987 10:48:22.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1401&#31;reute
+d f BC-XYVISION-INC-&lt;XYVI.O>   10-20 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XYVISION INC &lt;XYVI.O> 2ND QTR SEPTEMBER 26</TITLE>
+<DATELINE>    WAKEFIELD, Mass., Oct 20 -
+    </DATELINE><BODY>Shr 14 cts vs 15 cts
+    Net 867,000 vs 956,000
+    Revs 9,203,000 vs 5,304,000
+    Six mths
+    Shr 18 cts vs 34 cts
+    Net 1,111,000 vs 1,747,000
+    Revs 16.7 mln vs 10.4 mln
+    NOTE: 1987 2nd qtr and six mths net includes 279,000 dlrs
+and 432,000 dlrs for tax credits. 1986 2nd qtr and six mths net
+includes 361,000 dlrs and 1,747,000 dlrs for tax credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20870" NEWID="20275">
+<DATE>20-OCT-1987 10:49:23.46</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1407&#31;reute
+f f BC-FIRST-REPUBLIC   10-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST REPUBLIC BANK DALLAS CUTS PRIME RATE TO 9.25 PCT FROM 9.75 PCT, EFFECTIVE TODAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20871" NEWID="20276">
+<DATE>20-OCT-1987 10:49:33.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f1408&#31;reute
+r f BC-MELLON-&lt;MEL>-EXPECTS   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MELLON &lt;MEL> EXPECTS EARNINGS POWER TO IMPROVE</TITLE>
+<DATELINE>    PITTSBURGH, Oct 20 - </DATELINE><BODY>Mellon Bank Corp said a number of
+actions taken in the third quarter including an eight pct
+reduction in its staff, are expected to improve its earnings
+potential.
+    The company, which had posted a net loss of 626 mln dlrs in
+the first six months of the year, today reported earnings of 16
+mln dlrs or 47 cts per share compared with net of 53 mln dlrs
+or 1.78 dlrs in the third quarter 1986.
+    The company also said it had raised 420 mln dlrs in capital
+in the third quarter and that its eight pct staff reduction
+will reduce staff expense in future periods.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20872" NEWID="20277">
+<DATE>20-OCT-1987 10:49:35.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1409&#31;reute
+f f BC-MANUFACTURERS-H   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MANUFACTURERS HANOVER CORP 3RD QTR SHR 2.73 DLRS VS 2.29 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20873" NEWID="20278">
+<DATE>20-OCT-1987 10:50:04.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1414&#31;reute
+d f BC-PERKINS-FAMILY-RESTAU   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERKINS FAMILY RESTAURANTS LP &lt;PFR> 3RD QTR</TITLE>
+<DATELINE>    MEMPHIS, Tenn., Oct 20 -
+    </DATELINE><BODY>Shr 30 cts vs 12 cts
+    Net 3,059,000 vs 1,258,000
+    Revs 36.2 mln vs 29.1 mln
+    Nine mths
+    Shr 67 cts vs 24 cts
+    Net 6,855,000 vs 2,442,000
+    Revs 100.9 mln vs 77.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20874" NEWID="20279">
+<DATE>20-OCT-1987 10:50:25.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1416&#31;ute
+r f BC-FIRST-AMERICAN-BANK-F   10-20 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST AMERICAN BANK FOR SAVINGS &lt;FAMB.O> 3RD QTR</TITLE>
+<DATELINE>    BOSTON, Oct 20 -
+    </DATELINE><BODY>Shr 35 cts vs 30 cts
+    Net 3,997,000 vs 3,442,000
+    Nine mths
+    Shr 1.04 dlrs vs not given
+    Net 12.0 mln vs 8,161,000
+    NOTE: Company went public in July 1986.
+    Net includes loan loss provisions of 500,000 dlrs vs
+105,000 dlrs in quarter and 1,100,000 dlrs vs 105,000 dlrs in
+nine mths.
+    Net includes pretax gains on sale of assets of 162,000 dlrs
+vs 400,000 dlrs in quarter and 877,000 dlrs vs 1,229,000 dlrs
+in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20875" NEWID="20280">
+<DATE>20-OCT-1987 10:51:13.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1420&#31;reute
+f f BC-E.F.-HUTTON-GRO   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>E.F. HUTTON GROUP 3RD QTR SHR 26 CTS VS 11 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20876" NEWID="20281">
+<DATE>20-OCT-1987 10:51:57.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1424&#31;reute
+f f BC-NYSE-ASKS-MEMBE   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE ASKS MEMBERS TO REFRAIN FROM USING ORDER SYSTEM FOR PROGRAM TRADING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20877" NEWID="20282">
+<DATE>20-OCT-1987 10:52:09.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D><D>usa</D><D>uk</D><D>japan</D><D>west-germany</D><D>france</D><D>italy</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V E 
+&#22;&#22;&#1;f1425&#31;reute
+b f BC-CANADA'S-WILSON-SAYS   10-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA'S WILSON SAYS G-7 DISCUSSED LIQUIDITY</TITLE>
+<DATELINE>    OTTAWA, Oct 20 - </DATELINE><BODY>Canadian Finance Minister Michael Wilson
+says the leading industrial nations have held a number of
+discussions on providing liquidity to the financial system
+after Monday's record stock market decline.
+    "There have been a number of discussions between G-7
+participants (Canada, the United States, Japan, Britain, West
+Germany, France and Italy)," he told reporters after emerging
+from a cabinet meeting.
+    "There is an intent to make sure there is sufficient
+liquidity in the system. Clearly this is one of the reasons why
+the bond markets have been firmer, interest rates have been
+dropping," Wilson said.
+    "The level of interest rates had been one of the factors
+that had concerned the equity markets. I have been in touch
+with my G-7 colleagues in a number of countries," Wilson said.
+    "This has been going on during the course of yesterday,
+through the evening and this morning and this will continue,"
+he said.
+    "What we have all agreed on is (that) the basic strengths
+of our economies...looks good," Wilson said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20878" NEWID="20283">
+<DATE>20-OCT-1987 10:52:21.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>bahrain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1426&#31;reute
+r f BC-BAHRAIN-OFFSHORE-BANK   10-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAHRAIN OFFSHORE BANKING ASSETS RISE IN 2ND QTR</TITLE>
+<DATELINE>    BAHRAIN, Oct 20 - </DATELINE><BODY>Assets of Offshore Banking Units (OBUs)
+in Bahrain rose 11 pct in the second quarter of 1987 to reach
+the highest level since early 1985, Bahrain Monetary Agency
+(BMA) figures show.
+    The BMA's quarterly statistical bulletin gave no reason for
+the sharp rise, but economists said banks appeared to be
+staying liquid because of the escalation of the Gulf crisis.
+They said banks are parking funds in interbank markets outside
+Bahrain.
+    Despite the rise in assets, banks in Bahrain have been
+retrenching operations considerably. At the end of 1986 there
+were 68 OBUs compared with 74 at the end of 1985.
+    BMA figures show OBU assets rose to 58.30 billion dlrs at
+the end of June from 52.53 billion at the end of March and
+55.68 billion at the end of 1986. The mid-1987 figure was the
+highest since early 1985 when assets topped 61 billion.
+    The second quarter rise came almost entirely in OBU assets
+outside Bahrain. The volume of loans to the non-bank sector
+declined slightly, indicating a still sluggish economy in the
+region, economists said.
+    Assets of commercial banks in Bahrain were slightly lower
+at the end of the second quarter at 2.05 billion dinars
+compared with 2.10 billion at the end of the first quarter.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20879" NEWID="20284">
+<DATE>20-OCT-1987 10:53:09.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1432&#31;reute
+r f BC-ARKANSAS-BEST-CORP-&lt;A   10-20 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARKANSAS BEST CORP &lt;ABZ> 3RD QTR NET</TITLE>
+<DATELINE>    FORT SMITH, Ark., Oct 20 -
+    </DATELINE><BODY>Shr diluted 31 cts vs 60 cts
+    Net 3,276,776 vs 6,846,367
+    Revs 187.7 mln vs 181.3 mln
+    Nine mths
+    Shr diluted 52 cts vs 1.51 dlrs
+    Net 5,301,876 vs 16.4 mln
+    Revs 535.7 mln vs 513.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20880" NEWID="20285">
+<DATE>20-OCT-1987 10:53:21.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1434&#31;reute
+d f BC-TRIBUNE-&lt;TRB>-SAYS-LA   10-20 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRIBUNE &lt;TRB> SAYS LAYOFF COSTS HURT EARNINGS</TITLE>
+<DATELINE>    CHICAGO, Oct 20 - </DATELINE><BODY>Tribune Co said a pre-tax charge of 16.7
+mln dlrs or 11 cts a share in employee severance costs at the
+New York Daily News led to a 73 pct decline in the company's
+1987 third-quarter earnings.
+    Tribune reported net income of 33,085,000 dlrs or 42 cts a
+share, down from 123,450,000 dlrs or 1.53 dlrs in the 1986
+third quarter.
+    The company also said its 1986 third-quarter results were
+boosted by a one-time pre-tax gain of 145 mln dlrs or 1.11 dlrs
+a share from sale of its cable television systems.
+    After adjusting for these extraordinary items, Tribune
+President Stanton Cook said 1987 year-end should be strong.
+    "Overall, we expect Tribune company's earnings before
+non-recurring factors to show solid improvement for 1987," Cook
+said.
+    A 14 pct increase in newsprint prices since the 1986 third
+quarter depressed newspaper publishing operating profits, the
+company said. They were up only slightly at 46.1 mln dlrs after
+adjusting for Daily News severance costs, from 45 mln dlrs in
+the 1986 quarter, it said.
+    Increased efficiency at the Tribune's two paper mills,
+however, contributed to a 56 pct gain in newsprint operating
+profits to 21.8 mln dlrs from 14 mln dlrs, it said.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20881" NEWID="20286">
+<DATE>20-OCT-1987 10:54:21.90</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1440&#31;reute
+u f BC-FIREMAN'S-FUND-CORP-&lt;   10-20 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIREMAN'S FUND CORP &lt;FFC> 3RD QTR NET</TITLE>
+<DATELINE>    NOVATO, Calif., Oct 20 -
+    </DATELINE><BODY>Shr 3.71 dlrs vs 95 cts
+    Net 233.8 mln vs 62.8 mln
+    Revs 997.8 mln vs 938.0 mln
+    Nine mths
+    Shr 5.06 dlrs vs 2.24 dlrs
+    Net 327.2 mln vs 148.0 mln
+    Revs 3.00 billion vs 2.70 billion
+     NOTE: Realized investment gains net of taxes for 1987 3rd
+qtr and nine mths were 147.0 mln dlrs and 271.0 mln dlrs,
+respectively. Realized investment gains for 1986 3rd qtr and
+nine mths were 18.6 mln dlrs and 33.6 mln dlrs, respectively.
+    Company repurchased 1.2 mln shares of its stock during the
+1987 3rd qtr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20882" NEWID="20287">
+<DATE>20-OCT-1987 10:54:53.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE><D>stich</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1442&#31;reute
+u f BC-SWISS-PLAN-TO-USE-BUD   10-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS PLAN TO USE BUDGET SURPLUS TO REDEEM DEBT</TITLE>
+<DATELINE>    ZURICH, Oct 20 - </DATELINE><BODY>Switzerland will use most of its budget
+surplus projected for 1988 to redeem its debt, the Finance
+Ministry said.
+    The government's plan calls for income to exceed
+expenditure by 1.3 billion Swiss francs next year. After
+internal transfers, net income was seen reaching 637 mln
+francs.
+    The ministry said in a press release the surplus would be
+used "for the most part for redeeming debt" but also help finance
+environmental protection, public transport and research and
+development projects.
+    "Thanks to the favourable liquidity situation, debt will be
+able to be repaid," the ministry said. "That will reduce the net
+interest burden to 2.2 pct of net income, the lowest point
+since 1974."
+    Finance Minister Otto Strich said the government plans to
+continue its tight fiscal policy as it moves toward its goal of
+reducing taxes. In the meantime, it will concentrate on
+redeeming its debt, he said in a statement.
+    "In that way the interest payment burden on state finances
+can be reduced and the government's ability to set policy
+broadened," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20883" NEWID="20288">
+<DATE>20-OCT-1987 10:57:54.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1458&#31;reute
+u f BC-SALOMON-&lt;SB>-OFFERS-F   10-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON &lt;SB> OFFERS FASTER MUTUAL FUND CLEARING</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Salomon Inc said it offered to clear
+transactions faster than normal for its mutual fund clients.
+    Robert Salomon, managing director, in response to a
+question, would not say whether the firm has committed to lend
+capital to mutal funds as has Goldman Sachs and Co. Goldman
+said it would lend up to one billion dlrs to mutual funds to
+enable them to sell securities for cash if they need to do so.
+    "We are certainly working to meet the need of our clients,"
+Salomon said. "We have offered the mutual fund industry to
+clear transactions faster than normal settlement if that
+accommodates their need," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20884" NEWID="20289">
+<DATE>20-OCT-1987 11:01:11.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V F 
+&#22;&#22;&#1;f1467&#31;reute
+b f BC-/NYSE-ASKS-FOR-NO-PRO   10-20 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE ASKS FOR NO PROGRAMS ON DELIVERY SYSTEM</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>The New York Stock Exchange said it has
+asked members and member firms to refrain from using the NYSE
+order delivery system for purposes of executing index arbitrage
+related transactions or any other aspect of program trading
+after today's opening.
+    The request came in a letter issued by the NYSE earlier
+this morning.
+    The Exchange said the order delivery system allows member
+firms to directly route orders to the specialist on the trading
+floor via computer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20885" NEWID="20290">
+<DATE>20-OCT-1987 11:02:06.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>stoltenberg</D><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1471&#31;reute
+f f BC-BALLADUR-HAS-HAD-CONT   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BALLADUR HAS HAD CONTACT WITH G7 MINISTERS, INC STOLTENBERG -MINISTRY SOURCES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20886" NEWID="20291">
+<DATE>20-OCT-1987 11:02:44.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1473&#31;reute
+u f BC-E.F.-HUTTON-GROUP-INC   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.F. HUTTON GROUP INC &lt;EFH> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 26 cts vs 11 cts
+    Net 8,700,000 vs 3,600,000
+    Revs 988.9 mln vs 674.5 mln
+    Nine mths
+    Shr 3.65 dlrs vs 1.38 dlrs
+    Net 120.6 mln vs 43.6 mln
+    Revs 2.7 billion vs 2.1 billion
+   
+    NOTE: Net for 1987 includes 4.4 mln from discontinued
+opers, 51.6 mln after tax gain on sale of E.F. Hutton Insurance
+Group, and 36.6 mln on extraordinary gains from utiliazation of
+loss carryforward.
+    Net in 1986 included 10.8 mln from discontinued opers and
+an extraordinary credit of 5.2 mln from utilization of loss
+carryforwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20887" NEWID="20292">
+<DATE>20-OCT-1987 11:03:29.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1477&#31;reute
+r f BC-GTE-CORP-3RD-QT   10-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GTE &lt;GTE> ENCOURAGED BY US SPRINT'S SMALLER LOSS</TITLE>
+<DATELINE>    STAMFORD, Conn., Oct 20 - </DATELINE><BODY>GTE Corp said it is encouraged by
+the considerable decline in US Sprint's operating loss in the
+third quarter when compared with the three previous quarters.
+    The company said its 50 pct pre-tax share of the loss in
+the latest quarter was 82.5 mln. The other 50 pct of Sprint is
+owned by United Telecommunications Inc &lt;UT>.
+    GTE said this improvement reflects higher revenues and
+gradual elimination of redundant costs oft's old network
+as traffic migrates to new digital fiber-optic network.
+   
+    GTE said "we expect US Sprint's results to continue to
+improve in the fourth quarter and beyond."
+    It said US Spring's third quarter revenues totaled 685 mln
+dlrs, an increase of 24 pct from 552 mln dlrs in the year
+earlier quarter
+    GTE said its 82.5 mln dlr share of the latest quarter's
+loss compares with a loss of 79 mln dlrs in the year ago
+quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20888" NEWID="20293">
+<DATE>20-OCT-1987 11:03:35.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>balladur</D><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f1478&#31;reute
+f f BC-BALLADUR-HAS-HAD-CONT   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BALLADUR HAS HAD CONTACT WITH G7 MINISTERS, INCLUDING STOLTENBERG -MINISTRY SOURCES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20889" NEWID="20294">
+<DATE>20-OCT-1987 11:03:43.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A F 
+&#22;&#22;&#1;f1479&#31;reute
+r f BC-SENATORS-URGE-ACTION   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATORS URGE ACTION ON DEFICIT TO CALM FEARS</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Leading senators told investors
+Congress should take swift action on reducing the federal
+budget deficit to calm nervousness in the stock market, which
+has been hit by record setting losses.
+    Speaking to an American Stock Exchange-sponsored investors'
+conference, Senator Bob Packwood said "the best thing" Congress
+can do about the panic on Wall Street is to continue working on
+its deficit reduction scheme.
+    "I hope the Congress does not respond to a one-or two-day
+phenomenon," the Oregon Republican said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20890" NEWID="20295">
+<DATE>20-OCT-1987 11:04:41.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1486&#31;reute
+r f BC-AVON-&lt;AVP>-SEES-HIGHE   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVON &lt;AVP> SEES HIGHER 4TH QTR, 1987 EARNINGS</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Avon Products Inc, which earlier
+reported lower third quarter profits, said its fourth quarter
+and full year earnings will exceed the year ago results due to
+strong sales in its domestic cosmetics business and an improved
+economic situtation in Brazil.
+    Last year Avon earned 158.7 mln dlrs or 2.23 dlrs a share
+on sales of 2.9 billion dlrs.
+    In the current third quarter Avon said its earnings dropped
+12 pct to 37 cts a share because of a wage and price freeze in
+Brazil, one of the company's four major operating areas.
+   
+    "Themance of the domestic beauty business in
+the fourth quarter should more than offset the impact of Brazil
+on earnings," said Hicks Waldron, Avon's chairman and chief
+executive, in a statement.
+    John Cox, Avon's spokesman, told Reuters that Brazil's
+economic problems costs the company 10 cts a share or about
+seven mln dlrs in profits in the third quarter. He said that
+about half of that loss was offset by the strong performance of
+the company's domestic cosmetics business.
+    For the nine month period, Avon's earnings were flat.
+   
+    Avon also said in a statement that an initial public
+offering in Japan for up to 40 pct of its Japanese subsidiary,
+which is expected to exceed 200 mln dlrs, may not take place as
+scheduled in November.
+    Avon said the offering will depend on world stock market
+conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20891" NEWID="20296">
+<DATE>20-OCT-1987 11:04:44.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1487&#31;reute
+f f BC-NO-CRISIS-ATMOS   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NO CRISIS ATMOSPHERE IN WHITE HOUSE, NO MARKET ACTION PLANNED, SPOKESMAN SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20892" NEWID="20297">
+<DATE>20-OCT-1987 11:04:57.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1489&#31;reute
+f f BC-BASTIAN-TECHNOL   10-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BASTIAN TECHNOLOGIES SAYS IT HAS FIVE PCT OF COSMO COMMUNICATIONS, MAY SEEK CONTROL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20893" NEWID="20298">
+<DATE>20-OCT-1987 11:07:14.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1504&#31;reute
+r f BC-CAPITAL-SOUTHWEST   10-20 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SERVICE CORP &lt;SRV> DUMPS CAPITAL SOUTHWEST STAKE</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Service Corp International said its
+Investment Capital Corp unit sold its entire 14.8 pct stake in
+Capital Southwest Corp &lt;CSWC.O> common stock, and no longer
+holds any Capital Southwest shares.
+    In a filing with the Securities and Exchange Commission,
+Investment Capital said it sold 280,000 shares of Capital
+Southwest common stock since September 21 at 19.56 dlrs to
+21.50 dlrs a share.
+    No reason was given for the recent sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20894" NEWID="20299">
+<DATE>20-OCT-1987 11:07:57.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1508&#31;reute
+b f BC-/MANUFACTURERS-HANOVE   10-20 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURERS HANOVER CORP &lt;MHC> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>shr profit 2.73 dlrs vs 2.29 dlrs
+    net 129.1 mln vs 105.8 mln
+    nine mths
+    shr loss 28.33 dlrs vs profit 6.42 dlrs
+    net loss 1.16 billion vs profit 301.8 mln
+    NOTE: 3rd qtr includes previously reported gain of 55.0 mln
+dlrs, or 29.4 mln after-tax, by capturing excess pension funds.
+    Nine mths include 1.7 billion dlr addition to loan loss
+reserves in 2nd qtr, mostly for shaky LDC debts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20895" NEWID="20300">
+<DATE>20-OCT-1987 11:08:16.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1510&#31;reute
+b f BC-COCA-COLA-ENTERPRISES   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COCA COLA ENTERPRISES INC &lt;CCE> 3RD QTR NET</TITLE>
+<DATELINE>    ATLANTA, Oct 20 -
+    </DATELINE><BODY>Shr 23 cts vs 23 cts
+    Net 31.9 mln vs 15.7 mln
+    Revs 876.9 mln vs 401.2 mln
+    Avg shrs 140.1 mln vs 68.6 mln
+    Nine mths
+    Shr 53 cts vs 42 cts
+    Net 74.0 mln vs 28.9 mln
+    Revs 2.55 billion vs 1.17 billion
+    Avg shrs 140.1 mln vs 68.6 mln
+    NOTE: Results include acquired bottling companies from
+dates of acquisition.
+    On pro forma basis, as if all acquisitions had been in
+place from the start of the period, company earned 5,704,000
+dlrs or four cts per share on 140.0 mln shares outstanding with
+revenues of 826.2 mln dlrs for quarter and earned 14.1 mln dlrs
+or 10 cts per share on same number of shares and revenues of
+2.41 billion dlrs for nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20896" NEWID="20301">
+<DATE>20-OCT-1987 11:08:26.82</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1511&#31;reute
+d f BC-CBI-&lt;CBH>-MAY-BUY-UP   10-20 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CBI &lt;CBH> MAY BUY UP TO 500,000 OF ITS SHARES</TITLE>
+<DATELINE>    CHICAGO, Oct 20 - </DATELINE><BODY>CBI Industries Inc said it may repurchase
+up to 500,000 of its common shares which will be used for
+employee stock ownership plans and other business purposes.
+    The company has 21.8 mln common shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20897" NEWID="20302">
+<DATE>20-OCT-1987 11:08:50.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1513&#31;reute
+r f BC-BALL-CORP-&lt;BLL>-3RD-Q   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALL CORP &lt;BLL> 3RD QTR NET</TITLE>
+<DATELINE>    MUNCIE, IND., Oct 20 -
+    </DATELINE><BODY>Shr 80 cts vs 72 cts
+    Net 18,900,000 vs 17,100,000
+    Sales 267.4 mln vs 288.6 mln
+    Nine mths
+    Shr 2.26 dlrs vs 2.04 dlrs
+    Net 53,600,000 vs 48,200,000
+    Sales 839.3 mln vs 836.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20898" NEWID="20303">
+<DATE>20-OCT-1987 11:09:19.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1516&#31;reute
+f f BC-WHITE-HOUSE-AGA   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE AGAIN RULES OUT TAX INCREASE, SAYS WOULD HURT ECONOMY    
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20899" NEWID="20304">
+<DATE>20-OCT-1987 11:09:26.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1517&#31;reute
+u f BC-BANKERS-TRUST-&lt;BT>-3R   10-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST &lt;BT> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 2.03 dlrs vs 1.53 dlrs
+    Net 146.4 mln vs 110.3 mln
+    Nine months
+    shr loss 3.99 dlrs vs profit 4.62 dlrs
+    net loss 283.3 mln vs profit 330.5 mln
+    Avg shrs 71.08 mln vs 69.26 mln
+    Assets 56.9 billion vs 50.7 billion
+    Deposits 30.4 billion vs 25.9 billion
+    Loans 26.3 billion vs 25.7 billion
+    Note : Nine month loss reflects 700 mln dlr increase in
+loan loss provisions.
+    Without the tax benefit, third-quarter net income would
+have been 127.6 mln dlrs, up 16 pct or 17.4 mln dlrs from the
+third quarter of 1986.
+    Non-interest income totaled 342.6 mln dlrs in the third
+quarter, up 47 pct or 109.7 mln dlrs, largely due to increased
+income from foreign exchange trading, fees and commissions.
+    Foreign exchange trading income totaled 71.3 mln dlrs, up
+44.3 mln from a year ago. Provision for loan losses in the
+third quarter was 20 mln dlrs versis 40 mln a year previously.
+    At September 30, the provision for loan losses jumped to
+1.30 billion dlrs from 455 mln at the same time last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20900" NEWID="20305">
+<DATE>20-OCT-1987 11:09:48.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>taiwan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1519&#31;reute
+h f BC-ASIAN-SMALL-MARKETS-R   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASIAN SMALL MARKETS REEL FROM WALL STREET</TITLE>
+<AUTHOR>    By Andrew Browne</AUTHOR>
+<DATELINE>    TAIPEI, Oct 20 - </DATELINE><BODY>Stock markets in Asia's economic "little
+dragons," seen as hot tips for global investors, reeled today as
+share prices crashed in the U.S., The region's main trading
+partner.
+    Panic spread through Taiwan, Hong Kong, Singapore and South
+Korea following the collapse on Wall Street.
+    Officials in Hong Kong, worried that the notoriously
+volatile market would go wild, suspended trading until next
+Monday. Markets in Taiwan and South Korea, sheltered from
+swings on the world's big bourses, were battered this time.
+    Taipei's weighted index fell almost by its full permitted
+level, shedding 172.9 points to close at 3,492.9.
+    Seoul's composite index lost over 11 points by late morning
+to 505.28, with investors worried about a possible rise in oil
+prices after U.S. Attacks on Iranian oil platforms in the Gulf.
+    "When the U.S. Catches cold, Taiwan sneezes," said general
+manager Blair Pickerell of Jardine Fleming Taiwan Limited. "In
+this case, Taiwan has got pneumonia."
+    Blue chips in Singapore were hit by selling. The Straits
+Times Industrial Index lost 190.12 points in late afternoon
+trading to 1,033.16, breaking Monday's fall of 169.14 points.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20901" NEWID="20306">
+<DATE>20-OCT-1987 11:10:15.77</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1522&#31;reute
+f f BC-TRANS-WORLD-AIR   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRANS WORLD AIRLINES SAID CARL ICAHN WITHDRAWS ACQUISITION OFFER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20902" NEWID="20307">
+<DATE>20-OCT-1987 11:11:41.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1530&#31;reute
+r f BC-IBM-&lt;IBM>-ANNOUNCES-P   10-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM> ANNOUNCES PRICE CHANGES FOR SYSTEM/38</TITLE>
+<DATELINE>    RYE BROOK, N.Y., Oct 20 - </DATELINE><BODY>International Business Machines
+Corp said it announced a series of price actions relating to
+its System/38 line of computers.
+    The company said it introduced price reductions ranging
+from four pct to 20 pct for models 200 to 700 of the System/38
+computer. IBM said memory purchase prices would be reduced from
+5,000 dlrs to 3,500 dlrs per megabyte.
+    Additionally, the company said it introduced a special
+price offering that provides savings for customers with
+selected models of installed System/38 computers who upgrade to
+a model 600 or 700. The value of the offering was undisclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20903" NEWID="20308">
+<DATE>20-OCT-1987 11:11:55.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1532&#31;reute
+r f BC-U.S.-TELECOMMUNICATIO   10-20 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TELECOMMUNICATIONS INC &lt;UT> 3RD QTR NET</TITLE>
+<DATELINE>    KANSAS CITY, Oct 20 -
+    </DATELINE><BODY>Shr profit 23 cts vs profit 49 cts
+    Net profit 24.1 mln vs profit 49.6 mln
+    Revs 755.4 mln vs 708.3 mln
+    Nine mths
+    Shr loss 84 cts vs profit 1.53 dlrs
+    Net loss 80.7 mln vs profit 152.3 mln
+    Revs 1.19 billion vs 2.32 billion
+    NOTE: Per shr reflects payment of preferred dividends.
+    Results include loss of 7,435,000 or eight cts shr in prior
+nine mths from discontinued operations.
+    Latest nine month results include one-time charge of 1.09
+dlrs share relating to US Sprint.
+    Revenues exclude those for US Sprint, a joint venture with
+GTE Corp &lt;GTE>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20904" NEWID="20309">
+<DATE>20-OCT-1987 11:12:04.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1534&#31;reute
+u f BC-BRISTOL-MYERS-CO-&lt;BMY   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRISTOL-MYERS CO &lt;BMY> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 70 cts vs 61 cts
+    Net 200.2 mln vs 173.9 mln
+    Sales 1.38 billion vs 1.26 billion
+    Nine mths
+    Shr 1.87 dlrs vs 1.54 dlrs
+    Net 535.6 mln vs 437.8 mln
+    Sales 4.04 billion vs 3.63 billion
+    NOTE: Share adjusted for two-for-one stock split.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20905" NEWID="20310">
+<DATE>20-OCT-1987 11:12:16.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1536&#31;reute
+r f BC-GANDER-MOUNTAIN-INC-&lt;   10-20 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANDER MOUNTAIN INC &lt;GNDR.O> 1ST QTR SEPT 30 NET</TITLE>
+<DATELINE>    MILWAUKEE, Oct 20 -
+    </DATELINE><BODY>Shr 25 cts vs 19 cts
+    Net 687,000 vs 514,000
+    Sales 20.7 mln vs 13.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20906" NEWID="20311">
+<DATE>20-OCT-1987 11:12:24.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1537&#31;reute
+r f BC-COSMO-COMMUNICATIONS   10-20 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BASTIAN TECHNOLOGIES MULLING COSMO &lt;CSMO.O> BID</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>New York-based Bastian Technologies
+Corp said it acquired a five pct stake in Cosmo Communications
+Corp, and is considering a move to seek control of the company
+or to secure a role in its affairs.
+    "Bastian Technologies believes that with the appropriate
+management policies and business strategies, the company can
+once again become profitable and maximize for all shareholders
+the underlying value of their company," Bastian said in a
+filing with the Securities and Exchange Commission.
+    Bastian said alternatives being considered include an
+attempt to acquire Cosmo through a merger, tender or exchange
+offer, seeking to influence the company's management and
+policies, and seeking representation on Cosmo's board of
+directors through a proxy contest or otherwise.
+    Bastian said it may contact third parties regarding its
+intentions toward Cosmo, adding it intends to request a meeting
+with Cosmo representatives to discuss its investment in Cosmo
+stock.
+    Bastian currently holds 253,700 Cosmo common shares, or
+five pct of the total outstanding.
+    The shares were purchased from Nasta International Inc
+&lt;NAS> on October 16 for about 1.15 mln dlrs, Bastia said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20907" NEWID="20312">
+<DATE>20-OCT-1987 11:12:33.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1538&#31;reute
+r f BC-NATIONAL-DISTILLERS-&lt;   10-20 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL DISTILLERS &lt;DR> REPURCHASING SHARES</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>National Distillers and Chemical corp
+said it intends to repurchase up to three mln of its 32.8 mln
+common shares in the open market or privately from time to time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20908" NEWID="20313">
+<DATE>20-OCT-1987 11:13:42.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1543&#31;reute
+a f BC-OLD-KENT-FINANCIAL-CO   10-20 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLD KENT FINANCIAL CORP &lt;OKEN.O> RAISES PAYOUT</TITLE>
+<DATELINE>    GRAND RAPIDS, MICH., Oct 20 -
+    </DATELINE><BODY>Qtly div 21-1/2 cts vs 20 cts prior
+    Pay December 15
+    Record November 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20909" NEWID="20314">
+<DATE>20-OCT-1987 11:14:10.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1546&#31;reute
+d f BC-SNAP-ON-TOOLS-CORP-&lt;S   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SNAP-ON TOOLS CORP &lt;SNA> 3RD QTR NET</TITLE>
+<DATELINE>    KENOSHA, WIS., Oct 20 -
+    </DATELINE><BODY>Shr 53 cts vs 38 cts
+    Net 22,249,000 vs 15,356,000
+    Sales 189.1 mln vs 166.5 mln
+    Nine mths
+    Shr 1.56 dlrs vs 1.21 dlrs
+    Net 64,707,000 vs 49,603,000
+    Sales 559.2 mln vs 492.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20910" NEWID="20315">
+<DATE>20-OCT-1987 11:14:25.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1548&#31;reute
+f f BC-WARNER-COMMUNIC   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WARNER COMMUNICATIONS 3RD QTR SHR 41 CTS VS 28 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20911" NEWID="20316">
+<DATE>20-OCT-1987 11:15:12.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1555&#31;reute
+h f BC-WHIRLPOOL-&lt;WHR>-DISCU   10-20 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHIRLPOOL &lt;WHR> DISCUSSING JOINT VENTURE</TITLE>
+<DATELINE>    BENTON HARBOR, MICH., Oct 20 - </DATELINE><BODY>Whirlpool Corp said it is
+having joint venture discussions with &lt;Vitro S.A.> of
+Monterrey, Nuevo Leon, Mexico, on the formation of a Mexican
+venture for the manufacture and sale of major home appliances.
+    It said Vitro has consolidated sales projected at 1.0
+billion dlrs (U.S.) for 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20912" NEWID="20317">
+<DATE>20-OCT-1987 11:15:38.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1557&#31;reute
+f f BC-WASHINGTON-POST   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WASHINGTON POST CO 3RD QTR SHR 4.77 DLRS VS 1.65 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20913" NEWID="20318">
+<DATE>20-OCT-1987 11:16:14.61</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1559&#31;reute
+b f BC-BETHLEHEM-STEEL   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BETHLEHEM STEEL SAYS IT IS RAISING STEEL SHEET PRICES BY UP TO 30 DLRS/short ton
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20914" NEWID="20319">
+<DATE>20-OCT-1987 11:17:09.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1564&#31;reute
+d f BC-NYCOR-INC-&lt;NYCO.O>-3R   10-20 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYCOR INC &lt;NYCO.O> 3RD QTR NET</TITLE>
+<DATELINE>    PEAPACK, N.J., Oct 20 -
+    </DATELINE><BODY>Shr loss two cts vs profit two cts
+    Net profit 253,000 vs profit 356,000
+    Revs 17.5 mln vs 12.3 mln
+    Nine mths
+    Shr profit one cent vs profit 21 cts
+    Net profit 628,000 vs profit 2,921,000
+    Revs 54.9 mln vs 36.0 mln
+    NOTE: 1987 qtr and nine mths includes gain 106,000 dlrs, or
+one cent per share, and 846,000 dlrs, or six cts per share,
+respectively, from utilization of tax loss carryforward.
+   
+    1986 qtr and nine mths includes gain 178,000 dlrs, or one
+cent per share, and gain 810,000 dlrs, or six cts per share,
+respectively, from utilization of tax loss carryforward.
+    1987 nine mths includes loss 1,519,000 dlrs,  or 11 cts per
+share, from early extinguishment of debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20915" NEWID="20320">
+<DATE>20-OCT-1987 11:17:26.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f1565&#31;reute
+r f BC-BANKERS-TRUST-&lt;BT>-NE   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKERS TRUST &lt;BT> NET BOOSTED BY TAX BENEFIT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Bankers Trust New York Corp said tax
+benefits as a result of an increase in loan loss provisions
+boosted earnings to a record 146.4 mln dlrs in the third
+quarter from 110.3 mln a year ago.
+    During the third quarter, the firm realized 18.8 mln dlrs
+in tax benefits related to the special addition of 700 mln dlrs
+to the allowance for loan losses taken in the second quarter of
+1987.
+    For the first nine months, the increase in loan loss
+provisions resulted in a net loss of 283.3 mln dlrs versus a
+330.5 mln dlr profit in the same 1986 period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20916" NEWID="20321">
+<DATE>20-OCT-1987 11:17:57.31</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1566&#31;reute
+b f BC-/ICAHN-DROPS-BID-FOR   10-20 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICAHN DROPS BID FOR TWA &lt;TWA></TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Trans World Airlines Inc said chairman
+Carl C. Icahn has withdrawn his proposal to acquire the TWA
+shares he does not already own due to the deterioration in
+market conditions.
+    Under the proposal Icahn would have paid for each TWA share
+20 dlrs in cash and 25 dlrs face amount of 12 pct subordinated
+debentures due 2007.
+    TWA said Icahn reserves the right to make a subsequent
+proposal at some future date on the same terms or different
+terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20917" NEWID="20322">
+<DATE>20-OCT-1987 11:18:23.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1567&#31;reute
+r f BC-CARNIVAL-CRUISE-&lt;CCL>   10-20 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARNIVAL CRUISE &lt;CCL> TO REPURCHASE COMMON</TITLE>
+<DATELINE>    MIAMI, Oct 20 - </DATELINE><BODY>Carnival Cruise Lines said it may
+repourchase up to five mln of its Class A common shares,
+subject to market conditions.
+    It said the decline in the market has made the stock an
+attractive investment.  Carnival has about 132.2 mln shares
+outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20918" NEWID="20323">
+<DATE>20-OCT-1987 11:19:13.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1572&#31;reute
+d f BC-IBM-&lt;IBM>,-BELL-ATLAN   10-20 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM>, BELL ATLANTIC &lt;BEL> IN STUDY PACT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>International Business Machines Corp
+said it and Bell Atlantic Corp agreed to jointly study product
+opportunities for intelligent network services in the
+international marketplace.
+    The company said the study will assess the marketplace
+requirements outside the U.S. for a series of intelligent
+network voice, data, and image application.
+    The company said the applications include 800-number
+service, alternate billing services, and private network
+services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20919" NEWID="20324">
+<DATE>20-OCT-1987 11:19:35.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1574&#31;reute
+r f BC-AMERICAN-SAVINGS-BANK   10-20 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN SAVINGS BANK FSB &lt;ABNY.O> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr primary 1.79 dlrs vs 1.72 dlrs
+    Shr diluted 1.39 dlrs vs 1.34 dlrs
+    Net 12.1 mln vs 11.7 mln
+    Nine mths
+    Shr primary 5.56 dlrs vs 4.41 dlrs
+    Shr diluted 4.30 dlrs vs 3.74 dlrs
+    Net 37.3 mln vs 29.1 mln
+    Assets 3.92 billion vs 3.83 billion
+    Loans 3.05 billion vs 2.99 billion
+   
+    NOTE: 1987 qtr and nine mths includes gain 6,016,000 dlrs
+and 18.7 mln dlrs, respectively, from utilization of net
+operating loss carryforward.
+    1986 qtr and nine mths includes gain 6,233,000 dlrs and
+15.5 mln dlrs, respectively, from utilization of net operating
+loss carryforward.
+    Full name of company is american savings bank fsb of new
+york.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20920" NEWID="20325">
+<DATE>20-OCT-1987 11:20:05.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1576&#31;reute
+b f BC-/NO-WHITE-HOUSE-PANIC   10-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO WHITE HOUSE PANIC ON MARKET, SPOKESMAN SAYS</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The White House reacted calmly to the
+stock market situation, saying there was no crisis atmosphere
+and no action planned.
+    Spokesman Marlin Fitzwater said he had no information about
+special White House working groups or other actions that might
+indicate a feeling of crisis. 
+    "There is not one," he said.
+    He said President Reagan had not scheduled any meeting with
+Treasury Secretary James Baker, now en route form Europe.
+    At the same time Fitzwater welcomed the action of major
+banks in rescinding increases in the prime interest rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20921" NEWID="20326">
+<DATE>20-OCT-1987 11:20:29.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1579&#31;reute
+r f BC-BAXTER-&lt;BAX>-REPORTS   10-20 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAXTER &lt;BAX> REPORTS GAINS IN HOSPITAL PRODUCTS</TITLE>
+<DATELINE>    DEERFIELD, Ill., Oct 20 - </DATELINE><BODY>Baxter Travenol Laboratories Inc
+said sales of its hospital products and services rose 13 pct to
+882 mln dlrs in the 1987 third quarter.
+    The company said medical systems and specialties sales
+increased six pct to 354 mln dlrs. Alternate site products and
+services sales rose 13 pct to 261 mln dlrs.
+    Industrial products sas gained 18 pct to 88 mln dlrs.
+    The company's total sales in the third quarter rose 11 pct
+to 1.58 billion dlrs.
+    Baxter said its domestic sales in the third quarter totaled
+1.25 billion dlrs while sales from international markets rose
+to 333 mln dlrs.
+    Stronger foreign currency values contributed about 29 mln
+dlrs to third quarter international sales, it said.
+    Earlier, the company reported 1987 third quarter earnings
+of 90 mln dlrs or 31 cts a share, up from 51 mln dlrs or 18 cts
+in the comparable 1986 period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20922" NEWID="20327">
+<DATE>20-OCT-1987 11:20:53.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1581&#31;reute
+f f BC-BROKER/DEALER-H   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. BROKER/DEALER H.B. SHAINE AND CO SAID IT HAS CEASED OPERATIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20923" NEWID="20328">
+<DATE>20-OCT-1987 11:21:52.54</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1586&#31;reute
+w f BC-A/W-BRANDS-&lt;SODA.O>-C   10-20 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A/W BRANDS &lt;SODA.O> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., Oct 20 - </DATELINE><BODY>A and W Brands Inc said it
+completed the acquisition of Vernors Inc from United Brands Co
+&lt;UB> in a cash and stock transaction worth valued at about 10
+mln dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20924" NEWID="20329">
+<DATE>20-OCT-1987 11:21:57.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1587&#31;reute
+f f BC-BANC-ONE-CORP-3   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BANC ONE CORP 3RD QTR SHR 66 CTS VS 57 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20925" NEWID="20330">
+<DATE>20-OCT-1987 11:22:05.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1588&#31;reute
+f f BC-KELLOGG-CO-3RD   10-20 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>KELLOGG CO 3RD QTR SHR 96 CTS VS 83 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20926" NEWID="20331">
+<DATE>20-OCT-1987 11:22:17.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1589&#31;reute
+f f BC-JANNOCK-LTD-INC   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>JANNOCK LTD INCREASES QTLY DIVIDEND TO 17 CTS FROM 13 CTS/SHR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20927" NEWID="20332">
+<DATE>20-OCT-1987 11:23:09.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1594&#31;reute
+u f BC-WASHINGTON-POST-CO-&lt;W   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON POST CO &lt;WPO> 3RD QTR NET</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 -
+    </DATELINE><BODY>Shr 4.77 dlrs vs 1.65 dlrs
+    Net 61.3 mln vs 21.1 mln
+    Revs 312.9 mln vs 291.5 mln
+    Nine mths
+    Shr 9.51 dlrs vs 4.98 dlrs
+    Net 122.3 mln vs 63.9 mln
+    Revs 950.4 mln vs 881.8 mln
+    NOTE: 1987 net in both periods includes gains of 24.2 mln
+dlrs, or 1.88 dlrs a share, from sale of interest in Detroit
+Cellular telephone company and 6.1 mln dlrs, or 47 cts a share,
+from sale of interest in sportschannel Cable programing
+network.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20928" NEWID="20333">
+<DATE>20-OCT-1987 11:25:17.00</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>cyprus</D><D>iran</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f1603&#31;reute
+u f BC-IRAN-LEADER-VOWS-REVE   10-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN LEADER VOWS REVENGE ON US RAID IN COMING DAYS</TITLE>
+<DATELINE>    NICOSIA, Oct 20 - </DATELINE><BODY>Iran's top war spokesman Ali Akbar
+Hashemi Rafsanjani on Tuesday called the U.S. Attacks on two of
+its Gulf oil platforms an escalation and promised retaliation.
+    "God willing, we will carry out our duty in the coming days
+and make them sorry," said Rafsanjani in a speech to Parliament
+later broadcast by Tehran Radio.
+    The Tehran leadership have been quick to threaten vengeance
+after the U.S. Raids on the rigs, one of which was destroyed.
+    President Ali Khamenei, Prime Minister Mir-Hossein Mousavi
+and now Rafsanjani within 24 hours of the U.S. Action have all
+vowed retaliation.
+    Rafsanjani, the parliamentary speaker, said, "It is not a
+threat or an attempt at intimidation when we say we will
+respond to aggression -- it is a reality and we have proved it
+in practice." He added that the American attack "squares neither
+with its superpower image nor its claim of concern with
+security, nor reason and wisdom."
+    U.S. Warships shelled an Iranian offshore oil platform and
+American special forces boarded another, destroying equipment.
+    The U.S. Government said the attack was a measured response
+to an Iranian missile attack on the American-flagged Kuwaiti
+tanker Sea Isle City in Kuwaiti waters last Friday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20929" NEWID="20334">
+<DATE>20-OCT-1987 11:27:15.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1615&#31;reute
+r f BC-BANC-ONE-CORP-&lt;ONE>-3   10-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANC ONE CORP &lt;ONE> 3RD QTR NET</TITLE>
+<DATELINE>    COLUMBUS, Ohio, Oct 20 -
+    </DATELINE><BODY>Shr 66 cts vs 57 cts
+    Net 64.0 mln vs 52.9 mln
+    Nine mths
+    Shr 1.49 dlrs vs 1.64 dlrs
+    Net 142.2 mln vs 153.3 mln
+    Assets 18.04 billion vs 16.63 billion
+    Deposits 13.97 billion vs 12.78 billion
+    Loans 12.54 billion vs 10.81 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20930" NEWID="20335">
+<DATE>20-OCT-1987 11:27:25.97</DATE>
+<TOPICS><D>trade</D><D>soybean</D><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS><D>ec</D><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f1616&#31;reute
+u f BC-/LYNG-PLEASED-EC-TO-O   10-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG PLEASED EC TO OFFER GATT FARM PROPOSAL</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said he is pleased the European Community plans to offer a
+global farm reform plan at GATT later this month, although the
+United States opposes key parts of the proposal.
+    "We're pleased that they have moved in tabling a proposal.
+It will help us in getting the negotiations underway," Lyng
+told Reuters in an interview Tuesday.
+    Lyng's comment came after EC ministers in Luxembourg
+endorsed a farm reform package drafted by the EC Commission.
+The EC plan will be presented at the next meeting of Uruguay
+round agriculture negotiators in Geneva on October 26.
+    Lyng said the United States would oppose parts of the plan
+seeking a market sharing agreement for grains, and proposing
+curbs on U.S. soybean and cereal substitute exports to Europe.
+    The U.S. in July proposed to GATT the elimination of all
+farm subsidies affecting trade within ten years, and has
+pressed the EC to make a counter-offer with the aim of reaching
+a global farm subsidy agreement by the end of 1988.
+    However, the EC and some U.S. domestic groups have said the
+Reagan administration plan to end all farm trade subsidies is
+unrealistic.
+    Asked about such criticism, Lyng said "The alternative to
+doing that is to say that we preserve them and maintain them. I
+think that is the unrealistic position."
+    "I would suggest that they (EC) listen to what we are
+trying to say."
+    Lyng also rejected suggestions the U.S. and EC agree a
+freeze in export subsidies to get the GATT negotiations 
+started.
+    "All that some countries would like to have would be a
+wheat agreement where we would stop export subsidies on wheat.
+That doesn't do a thing for us," Lyng said.
+    The United States wants an end to subsidies in a range of
+agricultural products from dairy products to vegetable oils, he
+said.
+    At the GATT negotiators meeting next week Canada is
+expected to offer a proposal as well as the EC.
+    The United States will be represented at the meeting by
+former agriculture undersecretary Daniel Amstutz, recently
+appointed special U.S. negotiator on agriculture.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20931" NEWID="20336">
+<DATE>20-OCT-1987 11:28:16.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1620&#31;reute
+f f BC-TOYOTA-SEES-LOW   10-20 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TOYOTA SEES LOWER U.S. SALES IN 1988
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20932" NEWID="20337">
+<DATE>20-OCT-1987 11:28:21.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1621&#31;reute
+r f BC-WARNER-COMMUNICATIONS   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARNER COMMUNICATIONS INC &lt;WCI> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 41 cts vs 28 cts
+    Net 66.2 mln vs 41.8 mln
+    Revs 824.1 mln vs 693.3 mln
+    Nine mths
+    Shr 1.50 dlrs vs 87 cts
+    Net 236.1 mln vs 123.8 mln
+    Revs 2.38 billion vs 2.02 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20933" NEWID="20338">
+<DATE>20-OCT-1987 11:28:23.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1622&#31;reute
+f f BC-NEW-YORK-STATE   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEW YORK STATE ELECTRIC AND GAS CORP 3RD QTR SHR 71 CTS VS 78 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20934" NEWID="20339">
+<DATE>20-OCT-1987 11:30:05.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1630&#31;reute
+d f BC-ARISTECH-CHEMICAL-COR   10-20 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARISTECH CHEMICAL CORP &lt;ARS> 3RD QTR NET</TITLE>
+<DATELINE>    PITTSBURGH, Oct 20 -
+    </DATELINE><BODY>Shr 72 cts vs 56 cts
+    Qtly div 18 cts vs 18 cts prior
+    Net 18.7 mln vs 14.4 mln
+    Revs 239.7 mln vs 187.1 mln
+    Nine mths
+    Shr 1.87 dlrs vs 1.26 dlrs
+    Net 48.3 mln vs 32.5 mln
+    Revs 676.9 mln vs 574.8 mln
+    NOTE: Dividend payable December 1 to shareholders of record
+October 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20935" NEWID="20340">
+<DATE>20-OCT-1987 11:30:12.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1631&#31;reute
+d f BC-APPLE-BANK-FOR-SAVING   10-20 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>APPLE BANK FOR SAVINGS &lt;APPL.O> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 1.54 dlrs vs 1.27 dlrs
+    Net 7,065,000 vs 5,812,000
+    Nine mths
+    Shr 4.25 dlrs vs 3.40 dlrs
+    Net 19.5 mln vs 15.6 mln
+    Assets 2.84 billion vs 1.87 billion
+    Deposits 2.51 billion vs 1.67 billion
+   
+    NOTE: 1987 qtr and nine mths includes gain 2,500,000 dlrs,
+or 54 cts per share, from utilization of tax loss carryforward.
+    1986 qtr and nine mths includes gain 2,158,000 dlrs, or 47
+cts per share, and 5,567,000 dlrs, or 1.22 dlrs per shr,
+respectively, from utilization of tax loss carryforward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20936" NEWID="20341">
+<DATE>20-OCT-1987 11:31:11.28</DATE>
+<TOPICS><D>iron-steel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1634&#31;reute
+r f BC-BETHLEHEM-STEEL-&lt;BS>   10-20 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BETHLEHEM STEEL &lt;BS> SETS STEEL PRICE INCREASES</TITLE>
+<DATELINE>    BETHLEHEM, Pa., Oct 20 - </DATELINE><BODY>Bethlehem Steel Corp said prices
+for steel sheet products will be increased up to 30 dlrs a ton
+effective January 3.
+    The increases will affect certain non-contract or spot
+transactions and will be achieved through reductions in
+competitive discounts.
+    The company said transaction prices for contract accounts,
+which have a duration of six months or more, will also be
+increased to commensurate levels.
+    Percentage increases were not immediately available.
+    Prices for flat-rolled steel sheet, used in automobiles,
+appliances and other products, vary widely between about 350
+and 800 dlrs a ton.
+    The company said it was taking the actions to restore sheet
+transaction prices to more equitable levels. In many cases,
+prices are still lower than those attained in 1984, it said.
+    Bethlehem also said that in response to changing market
+conditions and potential inflationary pressures, efforts will
+be made to mininize the number and the duration of firm price
+contracts.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20937" NEWID="20342">
+<DATE>20-OCT-1987 11:31:41.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1638&#31;reute
+f f BC-DOW-JONES-INDUS   10-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW JONES INDUSTRIAL AVERAGE UP 39 POINTS TO 1778 AT 1129 EDT, ADVANCE LOSES MOMENTUM
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20938" NEWID="20343">
+<DATE>20-OCT-1987 11:32:07.78</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1640&#31;reute
+f f BC-FED-SAYS-IT-SET   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SAYS IT SETS TWO-DAY SYSTEM REPURCHASE AGEEMENTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20939" NEWID="20344">
+<DATE>20-OCT-1987 11:33:53.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1649&#31;reute
+r f BC-KELLOGG-CO-&lt;K>-3RD-QT   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KELLOGG CO &lt;K> 3RD QTR NET</TITLE>
+<DATELINE>    BATTLE CREEK, Mich., Oct 20 -
+    </DATELINE><BODY>Shr 96 cts vs 83 cts
+    Net 119.3 mln vs 102.8 mln
+    Revs 1.01 billion vs 869.9 mln
+    Nine mths
+    Shr 2.53 dlrs vs 2.01 dlrs
+    Net 313.6 mln vs 248.5 mln
+    Revs 2.83 billion vs 2.52 billion
+    NOTE: 1986 nine month earnings include nonrecurring loss of
+9.9 mln dlrs, or eight cents a share, from purchase of 123.7
+mln dlrs principal amount of the company's 150 mln dlr 12-1/4
+pct debentures due February 15, 2015.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20940" NEWID="20345">
+<DATE>20-OCT-1987 11:34:22.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1653&#31;reute
+f f BC-OHIO-EDISON-CO   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>OHIO EDISON CO 3RD QTR SHR 60 CTS VS 57 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20941" NEWID="20346">
+<DATE>20-OCT-1987 11:34:44.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1655&#31;reute
+d f BC-GREAT-WESTERN-&lt;GWF>-S   10-20 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT WESTERN &lt;GWF> SEES LOWER 12 MTH EARNINGS</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., Oct 20 - </DATELINE><BODY>Great Western Financial
+Corp said 1987 12 month earnings will be lower than the
+earnings of 300.8 mln dlrs on revenues of 3.77 billion dlrs it
+reported for 1986.
+    The company cited a one-time write-off of its investment in
+the Federal Savings and Loan Insurance Corp secondary
+reserve, a one-time higher federal tax rate, reduced loan sale
+volume, and the effect of rising short-term rates on margins as
+reasons for the expected decline.
+    In addition, the company cited a net-after tax loss of 2.4
+mln dlrs from its leasing operation during the 1987 nine mth
+period as a reason for the anticipated earnings drop.
+    Earlier today, the financial services company reported
+earnings of 57.8 mln dlrs for the third quarter of 1987
+compared to earnings of 79.4 mln dlrs for the 1986 quarter, and
+1987 nine months earnings of 195.8 mln dlrs compared to 1986
+earnings of 228.9 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20942" NEWID="20347">
+<DATE>20-OCT-1987 11:35:12.44</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1657&#31;reute
+f f BC-Poehl-says-chances-fo   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Poehl says chances for exchange rate stability are good
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20943" NEWID="20348">
+<DATE>20-OCT-1987 11:35:30.52</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>france</D><D>west-germany</D></PLACES>
+<PEOPLE><D>balladur</D><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f1659&#31;reute
+u f BC-BALLADUR-HAS-HAD-CONT   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR HAS HAD CONTACT WITH G-7 MINISTERS</TITLE>
+<DATELINE>    PARIS, Oct 20 - </DATELINE><BODY>French Finance Minister Edouard Balladur
+has been in contact with several Finance Ministers from the
+Group of Seven leading industrial countries, in particular West
+German Finance Minister Gerhard Stoltenberg, to discuss the
+crisis on world markets, Finance Ministry sources said.
+    They did not say whether the contacts had led to concerted
+action on the markets or merely an exchange of views.
+    But they added that French ministry officials were
+continuing the contacts to exchange views on market
+performance.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20944" NEWID="20349">
+<DATE>20-OCT-1987 11:36:10.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1663&#31;reute
+f f BC-CITICORP-3RD-QT   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CITICORP 3RD QTR NET 541 MLN DLRS VS 247 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20945" NEWID="20350">
+<DATE>20-OCT-1987 11:37:15.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1667&#31;reute
+f f BC-CITICORP-3RD-QT   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CITICORP 3RD QTR SHR 3.64 DLRS VS 1.64 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20946" NEWID="20351">
+<DATE>20-OCT-1987 11:37:40.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1669&#31;reute
+r f BC-TOYOTA-&lt;TOYO.T>-SEES   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA &lt;TOYO.T> SEES LOWER U.S. SALES IN 1988</TITLE>
+<DATELINE>    DETROIT, Oct 20 - </DATELINE><BODY>Toyota Motor Co expects its U.S. vehicle
+sales in 1988 will decline to about 875,000 cars and trucks
+from roughly 930,000 expected in 1987, a senior exeuctive said.
+    Jim Perkins, group vice president for sales and marketing
+for Toyota's U.S. sales subsidiary, told reporters Toyota's
+expected decline will come principally in the truck segment
+where the company faces intense competition from U.S. domestic
+manufacturers such as Ford Motor Co &lt;F>.
+    Toyota, he said, also expects to stress sales in the low
+and middle segments of the car market to remain competitive.
+    Asked if Toyota's U.S. profits could show a substantial
+decline with its lower trucks sales in the next two years, he
+responded "conceivably it could," but added, "Our plan is not
+to chase this thing to where it makes no economic sense."
+    Perkins also predicted that the 1988 U.S. vehicle market
+could fall below 15 mln sales from above 15 mln expected this
+year. He expects some smaller Japanese automakers could be
+forced to withdraw from the U.S. market or to seek partnerships
+with one another in the face of intense competition.
+     The Toyota executive said the collapse of U.S. stock
+prices and any further weakening of the dollar would likely
+have "a very quick impact on the Japanese (car) companies."
+    "In our company, when the stock market goes down, we see it
+very soon in the New York metropolitan car market. New York is
+the best indicator of what's going to happen in the rest of of
+the country. I can tell you from the next 15 days (of car
+sales) in the New York market what it will be in the rest of
+the country in the next six months," Perkins said.
+     The Toyota executive said the panic selloff in the New
+York Stock Exchange hurts the car market because "it does
+create a shock wave of doubt in the minds of consumers."
+     He said Toyota would wait at least 30 to 60 days to assess
+the impact of the the stock market drop on the wider economy
+before making any changes in its basic business plan for the
+U.S. market.
+    Toyota, he said, expects its 1988 U.S. sales will total at
+least 600,000 cars and 275,000 trucks compared with about
+630,000 cars and 300,000 trucks expected for 1987, and 644,000
+cars and 388,000 trucks sold in 1986.
+    He said Toyota hopes it will be able to import 610,000 cars
+from Japan in 1988, the same as its 1987 allocation under
+Tokyo's voluntary export restraint scheme.
+    But he said it was uncertain if Toyota would keep its
+current allocation becuase of pressures on Japan's Ministry of
+International Trade and Industry to roll back Japanese car
+export quotas from the current 2.3 mln annualized rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20947" NEWID="20352">
+<DATE>20-OCT-1987 11:38:35.80</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F Y 
+&#22;&#22;&#1;f1677&#31;reute
+d f BC-LASMO-CANADA-TO-MERGE   10-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LASMO CANADA TO MERGE WITH ONYX PETROLEUM</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>LASMO Exploration (Canada) Ltd, a
+subsidiary of London &amp; Scottish Marine Oil Plc &lt;LSML.L>, is
+merging with &lt;Onyx Petroleum Exploration Co Ltd>, LASMO said.
+    The merger is to be made by Onyx buying LASMO Exploration,
+in a share swap. A new company, LASMO Canada Inc, will be
+formed. LASMO will control 70 pct of the equity, worth some 76
+mln Canadian dlrs based on the current Onyx share price.
+    The new company will have proven reserves of 9.5 mln
+barrels of oil and 20.9 billion cubic feet of gas, LASMO said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20948" NEWID="20353">
+<DATE>20-OCT-1987 11:38:40.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1678&#31;reute
+h f BC-REGAL-BELOIT-CORP-&lt;RB   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGAL-BELOIT CORP &lt;RBC> 3RD QTR NET</TITLE>
+<DATELINE>    SOUTH BELOIT, Ill., Oct. 20 -
+    </DATELINE><BODY>Shr 31 cts vs 26 cts
+    Net 1,858,000 vs 1,388,000
+    Sales 27.1 mln vs 18.7 mln
+    Nine mths
+    Shr 87 cts vs 76 cts
+    Net 5,126,000 vs 3,798,000
+    Sales 70.6 mln vs 57.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20949" NEWID="20354">
+<DATE>20-OCT-1987 11:39:42.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1685&#31;reute
+r f BC-WELLS-FARGO-&lt;WFC>-SEE   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELLS FARGO &lt;WFC> SEES MODEST PROFIT FOR YEAR</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 20 - </DATELINE><BODY>Wells Fargo and Co said it
+anticipates a modest profit for the full year 1987.
+    For the previous full year, the company posted net of 273.5
+mln dlrs or 5.03 dlrs per share.
+    The company today reported a third quarterrofit of 155
+mln dlrs or 2.77 dlrs per share compared with 77.4 mln dlrs or
+1.35 dlrs per share.
+    Wells Fargo also reported a net loss of 60.4 mln dlrs or
+1.43 dlrs per share in the nine months 1987, compared with net
+of 195.2 mln dlrs or 3.66 dlrs per share in nine months 1986.
+   
+    The current results includes a tax benefit from a special
+addition to the allowance for loan losses of 550 mln dlrs made
+in the second quarter.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20950" NEWID="20355">
+<DATE>20-OCT-1987 11:40:13.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1689&#31;reute
+b f BC-/H.B.-SHAINE-CEASES-B   10-20 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.B. SHAINE CEASES BROKER-DEALER OPERATIONS</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>&lt;H.B. Shaine and Co Inc> of Grand
+Rapids, Mich., ceas its broker-dealer operations, at the
+close of Oct 19, the New York Stock Exchange said.
+    The firm reported that, under such financial difficulty, it
+could not continue to do business as a member firm of the NYSE,
+according to the NYSE.
+    Officials of the company could not be reached for further
+comment.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20951" NEWID="20356">
+<DATE>20-OCT-1987 11:40:44.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1693&#31;reute
+r f BC-ARISTECH-&lt;ARS>-SEES-1   10-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARISTECH &lt;ARS> SEES 1987 PROFITS OVER 2.50/SHR</TITLE>
+<DATELINE>    PITTSBURGH, Oct 20 - </DATELINE><BODY>Aristech Chemical Corp, the former
+chemicals subsidiary of USX Corp &lt;X>, said it expects its
+earnings for 1987 to exceed analysts estimates of up to 2.50
+dlrs a share.
+    Aristech earlier reported net income of 18.7 mln dlrs or 72
+cts a share compared with 14.4 mln dlrs or 56 cts a share in
+the year-earlier period on a pro forma basis.
+    Last year, Aristech earned 43.9 mln dlrs on a pro forma
+basis, as if the company were a stand-alone entity effective
+January one, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20952" NEWID="20357">
+<DATE>20-OCT-1987 11:41:21.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1698&#31;reute
+d f BC-BURNDY-CORP-&lt;BDC>-3RD   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURNDY CORP &lt;BDC> 3RD QTR OCT 2 NET</TITLE>
+<DATELINE>    NORWALK, Conn., Oct 20 -
+    </DATELINE><BODY>Shr 21 cts vs 19 cts
+    Net 2,560,000 vs 2,359,000
+    Revs 70.0 mln vs 56.0 mln
+    Nine mths
+    Shr 54 cts vs 42 cts
+    Net 6,574,000 vs 5,100,000
+    Revs 207.7 mln vs 174.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20953" NEWID="20358">
+<DATE>20-OCT-1987 11:41:37.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1700&#31;reute
+d f BC-FIRST-FLORIDA-BANKS-&lt;   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FLORIDA BANKS &lt;FFBK> 3RD QTR NET</TITLE>
+<DATELINE>    TAMPA, Fla., Oct 20 -
+    </DATELINE><BODY>Shr 72 cts vs 74 cts
+    Net 11.9 mln vs 11.9 mln
+    Nine mths
+    Shr 2.18 dlrs vs 2.18 dlrs
+    Net 35.0 mln vs 34.6 mln
+    Assets 4.6 billion vs 4.3 billlion
+    Loans 3.1 billion vs 2.8 billion
+    NOTE: 1986 3rd qtr includes securities after tax gain of
+1,519,000 dlrs or 10 cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20954" NEWID="20359">
+<DATE>20-OCT-1987 11:41:39.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1701&#31;reute
+f f BC-SCOTT-PAPER-CO   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SCOTT PAPER CO 3RD QTR SHR 1.52 DLRS VS 1.02 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20955" NEWID="20360">
+<DATE>20-OCT-1987 11:43:05.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f1707&#31;reute
+r f BC-FREEPORT-MCMORAN-OIL   10-20 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FREEPORT-MCMORAN OIL AND GAS &lt;FMR> PAYOUT OFF</TITLE>
+<DATELINE>    HOUSTON, Oct 20 -
+    </DATELINE><BODY>Mthly div 7.354 cts vs 8.362 cts prior
+    Pay Jan 10
+    Record Oct 30
+    NOTE: Freeport-McMoRan Oil and Gas Royalty Trust.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20956" NEWID="20361">
+<DATE>20-OCT-1987 11:43:09.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1708&#31;reute
+r f BC-Jannock   10-20 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JANNOCK LTD &lt;JN.TO> INCREASES QTLY DIVIDEND</TITLE>
+<DATELINE>    TORONTO, Oct 20 -
+    </DATELINE><BODY>Qtly div 17 cts vs 13 cts
+    Pay Jan one
+    Record Dec four
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20957" NEWID="20362">
+<DATE>20-OCT-1987 11:43:14.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1709&#31;reute
+r f BC-JOSEPHSON-&lt;JSON.O>-RE   10-20 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOSEPHSON &lt;JSON.O> REPURCHASES 445,874 SHARES</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Josephson International Inc said it
+repurchased 445,874 common shares yesterday under an
+authorization to buy back up to 500,000 shares and its board
+has authorized the further repurchase of another 500,000 shares
+in the open market and privately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20958" NEWID="20363">
+<DATE>20-OCT-1987 11:43:44.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1713&#31;reute
+r f BC-J.W.-MAYS-INC-&lt;MAYS.O   10-20 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.W. MAYS INC &lt;MAYS.O> 4TH QTR JULY 31 NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr profit seven cts vs profit 32 cts
+    Net profit 154,398 vs profit 694,521
+    Revs 17.7 mln vs 19.5 mln
+    Year
+    Shr profit 86 cts vs loss 50 cts
+    Net profit 1,862,986 vs loss 1,078,535
+    Revs 78.2 mln vs 81.4 mln
+    NOTE: 1987 year results include extraordinary credit of
+459,000 dlrs or 21 cts per shr due to utilization of tax loss
+carryforward.
+   
+    Fiscal 1987 nonrecurring income items totaled 4,322,342 vs
+1,393,187 in 1986.
+    Qtr 1987 includes 446,000 dlrs or 20 cts per shr
+extraordinary charge due to duction in utilization of tax
+loss carryforward.
+    Nonrecurring income items totaled 2,564 in three mths
+1987 vs 1,211,196 in three mths 1986.
+    Nonrecurring income for year 1987 included pretax gain of
+4,307,180 dlrs on sale of company's leasehold of Glen Oaks
+store on Dec 16, 1986.
+   
+    The company discontinued operations in that unit on Jan.
+17, 1987.
+    Nonrecurring income for three and 12 months 1986 included 
+575,000 for settlement of litigation and a gain of 618,719 dlrs
+on surrender of leaseholds.
+    The 12 month period also included refund of prior year's
+real estate tadxes of 136,964.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20959" NEWID="20364">
+<DATE>20-OCT-1987 11:43:53.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1714&#31;reute
+r f BC-ALLIANCE-FINANCIAL-CO   10-20 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIANCE FINANCIAL CORP &lt;ALFL.O> 3RD QTR NET</TITLE>
+<DATELINE>    DEARBORN, Mich., Oct 20 -
+    </DATELINE><BODY>Shr 45 cts vs 61 cts
+    Net 504,000 vs 683,000
+    Nine mths
+    Shr 1.83 dlrs vs 2.42 dlrs
+    Net 2,043,000 vs 2,183,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20960" NEWID="20365">
+<DATE>20-OCT-1987 11:44:06.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1715&#31;reute
+r f BC-METROPOLITAN-FEDERAL   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROPOLITAN FEDERAL &lt;MFTN.O> 1ST QTR NET</TITLE>
+<DATELINE>    NASHVILLE, Tenn., Oct 20 - </DATELINE><BODY>Qtr ended September 30.
+    Shr 83 cts vs 75 cts
+    Net 3,053,000 vs 2,775,000
+    Assets 1.2 billion vs 1.0 billion
+    Deposits 851.8 mln vs 754.1 mln
+    Loans 912.5 mln vs 798.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20961" NEWID="20366">
+<DATE>20-OCT-1987 11:44:11.94</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1716&#31;reute
+b f BC-RUMORS-THAT-USSR-BUYS   10-20 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUMORS THAT USSR BUYS U.S. CORN - TRADERS</TITLE>
+<DATELINE>        KANSAS CITY, Oct 20 - </DATELINE><BODY>Rumors circulated among the trade
+this morning that the USSR may have purchased between one and
+two mln tonnes of U.S. corn, but there was no confirmation.
+    One dealer said he felt some business had been done, but
+that the amount probably was on the low end of trade estimates.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20962" NEWID="20367">
+<DATE>20-OCT-1987 11:44:16.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1717&#31;reute
+r f BC-ALTOS-COMPUTER-SYSTEM   10-20 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALTOS COMPUTER SYSTEMS &lt;ALTO.O> 1ST QTR NET</TITLE>
+<DATELINE>    SAN JOSE, Calif., Oct 20 - </DATELINE><BODY>Period ended September 30.
+    Shr 17 cts vs 10 cts
+    Net 2.2 mln vs 1.3 mln
+    Sales 40.6 mln vs 32.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20963" NEWID="20368">
+<DATE>20-OCT-1987 11:44:43.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1721&#31;reute
+r f BC-Jannock   10-20 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JANNOCK LTD &lt;JN.TO> 3RD QTR NET</TITLE>
+<DATELINE>    TORONTO, Oct 20 -
+    </DATELINE><BODY>Shr 65 cts vs 47 cts
+    Net 17.7 mln vs 11.9 mln
+    Revs 131.9 mln vs 128.4 mln
+    Nine mths
+    Shr 1.77 dlrs vs 1.02 dlrs
+    Net 49.0 mln vs 27.0 mln
+    Revs 341.7 mln vs 269.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20964" NEWID="20369">
+<DATE>20-OCT-1987 11:44:48.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1722&#31;reute
+r f BC-FOOTHILL-&lt;FGI>-TO-TRA   10-20 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FOOTHILL &lt;FGI> TO TRADE ON NYSE</TITLE>
+<DATELINE>    LOS ANGELES, Oct 20 - </DATELINE><BODY>Foothill Group Inc said its stock
+began trading Tuesday on the New York Stock Exchange under the
+symbol "FGI."
+    Foothill's shares had been traded on the American Stock
+Exchange.
+    Foothill is an independent commercial finance company which
+operates through two subsidiaries -- Foothill Capital Copr and
+Foothill Thrift and Loan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20965" NEWID="20370">
+<DATE>20-OCT-1987 11:44:55.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1723&#31;reute
+r f BC-YELLOW-FREIGHT-SYSTEM   10-20 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YELLOW FREIGHT SYSTEM &lt;YELL.O> 3RD QTR NET</TITLE>
+<DATELINE>    OVERLAND PARK, Kan., Oct 20 -
+    </DATELINE><BODY>Shr 40 cts vs 75 cts
+    Qtly div 15-1/2 cts vs 15-1/2 cts prior
+    Net 11.7 mln vs 21.4 mln
+    Revs 447.5 mln vs 445.2 mln
+    Nine mths
+    Shr 1.04 dlrs vs 1.99 dlrs
+    Net 29.9 mln vs 56.8 mln
+    Revs 1.30 billion vs 1.28 billion
+    NOTE: Full name is Yellow Freight System Inc. Dividend is
+payable November 23, record November 9.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20966" NEWID="20371">
+<DATE>20-OCT-1987 11:45:01.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1724&#31;reute
+d f BC-RALEIGH-FEDERAL-SAVIN   10-20 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RALEIGH FEDERAL SAVINGS BANK &lt;RFBK.O> 3RD QTR</TITLE>
+<DATELINE>    RALEIGH, N.C., Oct 20 -
+    </DATELINE><BODY>Shr 38 cts
+    Net 1.3 mln vs 668,000
+    Nine mths
+    Shr 84 cts
+    Net 2,892,000 vs 2,200,000
+    NOTE: Company converted to stock ownership in July
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20967" NEWID="20372">
+<DATE>20-OCT-1987 11:45:21.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1726&#31;reute
+d f BC-FLORIDA-EMPLOYERS-INS   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORIDA EMPLOYERS INSURANCE &lt;FLAEF.O> 3RD QTR</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 32 cts vs 26 cts
+    Net 722,000 vs 597,000
+    Nine mths
+    Shr 92 cts vs 69 cts
+    Net 2,100,000 vs 1,500,000
+    NOTE: full name of company is florida employers insurance
+co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20968" NEWID="20373">
+<DATE>20-OCT-1987 11:45:50.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1729&#31;reute
+d f BC-FIRST-OAK-BROOK-&lt;FOBB   10-20 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST OAK BROOK &lt;FOBBA.O> 3RD QTR NET</TITLE>
+<DATELINE>    OAK BROOK, ILL., Oct 20 -
+    </DATELINE><BODY>Shr 61 cts vs 55 cts
+    Net 726,000 vs 669,000
+    Nine mths
+    Shr 1.78 dlrs vs 1.63 dlrs
+    Net 2,133,000 vs 1,960,000
+    NOTE: Full name is First Oak Brook Bancshares Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20969" NEWID="20374">
+<DATE>20-OCT-1987 11:45:55.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1730&#31;reute
+d f BC-UNITED-SERVICE-ADVISO   10-20 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED SERVICE ADVISORS INC &lt;USVSP.O> 1ST QTR</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, Oct 20 -</DATELINE><BODY>Qtr ends Sept 30
+    Shr profit seven cts vs loss two cts
+    Net profit 228,691 vs loss 54,115
+    Revs 2,415,419 vs 1,389,579
+    Avg shrs 3,056,787 vs 2,933,058
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20970" NEWID="20375">
+<DATE>20-OCT-1987 11:46:01.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1731&#31;reute
+d f BC-GANDER-MOUNTAIN-&lt;GNDR   10-20 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GANDER MOUNTAIN &lt;GNDR.O> DOUBLES COMMON SHARES</TITLE>
+<DATELINE>    MILWAUKEE, Oct. 20 - </DATELINE><BODY>Gander Mountain Inc said shareholders
+at its annual meeting approved a doubling of authorized common
+shares to 10 million from five million for general corporate
+purposes.
+    The company currently has an average of 2,760,000 common
+shares outstanding. It reported earnings for the first quarter
+ended Sept 30 of 25 cts a share on net income of 687,000 dlrs,
+up from 19 cts on 514,00 dlrs in the same 1986 quarter, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20971" NEWID="20376">
+<DATE>20-OCT-1987 11:46:15.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1733&#31;reute
+d f BC-WOLOHAN-LUMBER-CO-&lt;WL   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOLOHAN LUMBER CO &lt;WLHN.O> 3RD QTR NET</TITLE>
+<DATELINE>    SAGINAW, MICH., Oct 20 -
+    </DATELINE><BODY>Shr 46 cts vs 33 cts
+    Net 2,731,000 vs 1,928,000
+    Sales 66.2 mln vs 58.8 mln
+    Nine mths
+    Shr seven cts vs 61 cts
+    Net 6,310,000 vs 3,579,000
+    Sales 171.8 mln vs 141.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20972" NEWID="20377">
+<DATE>20-OCT-1987 11:46:39.83</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f1736&#31;reute
+u f BC-POEHL-SEES-GOOD-CHANC   10-20 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POEHL SEES GOOD CHANCES FOR CURRENCY STABILITY</TITLE>
+<DATELINE>    FRANKFURT, Oct 20 - </DATELINE><BODY>Bundesbank president Karl Otto Poehl
+said there were good chances for exchange rate stability.
+    "The chances for exchange rate stability are good," he told
+reporters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20973" NEWID="20378">
+<DATE>20-OCT-1987 11:46:47.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1737&#31;reute
+d f BC-TAUNTON-SAVINGS-BANK   10-20 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAUNTON SAVINGS BANK &lt;TSBK.O> 3RD QTR NET</TITLE>
+<DATELINE>    TAUNTON, Mass., Oct 20 -
+    </DATELINE><BODY>Shr 37 cts vs 41 cts
+    Net 1,214,000 vs 1,316,000
+    Nine mths
+    Shr 1.06 dlrs
+    Net 3,408,000 vs 2,809,000
+    Assets 204.8 mln vs 176.6 mln
+    Deposit 154.0 mln vs 131.2 mln
+    Loans 125.3 mln vs 100.7 mln
+    NOTE: 1986 nine mths per share figures not available
+because bank converted to stock form in June of 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20974" NEWID="20379">
+<DATE>20-OCT-1987 11:46:54.39</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f1738&#31;reute
+d f BC-GORDON-TO-MAKE-BID-TO   10-20 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GORDON TO MAKE BID TO ACQUIRE PAGECORP &lt;PGOA.TO></TITLE>
+<DATELINE>    TORONTO, Oct 20 - </DATELINE><BODY>&lt;Gordon Investment Corp> said it plans to
+make an offer to acquire all of Pagecorp Inc's class A and
+Class B shares for 9.25 dlrs cash per share.
+    The bid is conditional upon an examination by Gordon of the
+business and affairs of Pagecorp during the 45 days ending
+December 3, 1987.
+    The proposed offer would be condition upon ainimum number
+of shares being tendered, Gordon said. It did not say what the
+minimum will be.
+   
+    Meanwhile, Pagecorp said it agreed to grant Gordon an
+option to purchaser 900,000 class A shares at 9.25 dlrs per
+share, which is exercisable only if Gordon makes the
+acquisition bid before December 4, 1987 or if any third party
+begins a takeover before December 31, 1987.
+    Pagecorp also said all Class B shareholders have agreed to
+deposit their class B shares, if Gordon proceeds with its
+offer.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20975" NEWID="20380">
+<DATE>20-OCT-1987 11:47:01.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1739&#31;reute
+d f BC-TRILLIUM-TELEPHONE-&lt;T   10-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRILLIUM TELEPHONE &lt;TLM.TO> 2ND QTR NET</TITLE>
+<DATELINE>    OTTAWA, Oct 2-
+    </DATELINE><BODY>Shr profit seven cts vs loss 1.77 dlrs
+    Net profit 446,000 vs loss 9,370,000
+    Revs 15.0 mln vs 13.3 mln
+    Six mths
+    Shr profit eight cts vs loss 1.87 dlrs
+    Net profit 523,000 vs loss 9,883,000
+    Revs 27.1 mln vs 27.1 mln
+    Avg shrs 5,324,464 vs 5,324,350
+    Note: Trillium Telephone Systems Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20976" NEWID="20381">
+<DATE>20-OCT-1987 11:47:12.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1742&#31;reute
+d f BC-TRANS-NATIONAL-LEASIN   10-20 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANS-NATIONAL LEASING INC &lt;TNLS.O> YEAR LOSS</TITLE>
+<DATELINE>    DALLAS, Oct 20 -
+    </DATELINE><BODY>Shr loss 39 cts vs profit 19 cts
+    Net loss 433,424 vs profit 216,117
+    Revs 6,469,001 vs 8,221,549
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20977" NEWID="20382">
+<DATE>20-OCT-1987 11:47:28.02</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE><D>dauster</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f1744&#31;reute
+b f BC-IBC-SEEKS-EXPORT-PERF   10-20 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC SEEKS EXPORT DETAILS TO SET COFFEE QUOTAS</TITLE>
+<DATELINE>    RIO DE JANEIRO, Oct 20 - </DATELINE><BODY>The Brazilian Coffee Institute
+(IBC) has given shippers until close of business on Thursday to
+submit details of past export performance in order that
+individual quotas can be allocated, an IBC spokesman said.
+    He told Reuters IBC President Jorio Dauster has confirmed
+acceptance of National Coffee Policy Council (CNPC) proposals
+to establish individual export quotas based 65 pct on export
+performance, 25 pct on stocks and 10 pct by auction.
+    Shippers can choose their best period of 12 consecutive
+months between April 1, 1985, and September 30, 1987, to be
+used for calculating the export performace portion.
+    The IBC will total all the figures, calculate each shippers
+participation and use this as a basis for allocation of
+individual quotas, the IBC spokesman said.
+    He said the IBC has already settled with the Sao Paulo
+Mercantile Exchange how the auction system will operate.
+Shippers can bid a premium over the contribution quota payable
+on coffee exports and the succesful bidder will add this
+premium to the contribution quota when he submits his export
+sales declaration form.
+    Auctions will not start until after the opening of export
+registrations. The spokesman could not say when this might be
+but trade sources said an announcement could come at the end of
+the week, opening registraions from Monday.
+    A meeting has been set for tomorrow in Brasilia of the
+CNPC's export marketing committee to establish a system for
+allocating the 25 pct of export quotas based on stock levels,
+the spokesman added.
+    A system of individual export quotas is being reestablished
+in Brazil - a previous system was abandoned in 1985 - to ensure
+shipments are kept in line with the country's ICO quota.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20978" NEWID="20383">
+<DATE>20-OCT-1987 11:47:33.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1745&#31;reute
+r f BC-HONEYWELL-&lt;HON>-ELECT   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HONEYWELL &lt;HON> ELECTS NEW CHIEF EXECUTIVE</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 20 - </DATELINE><BODY>Honeywell Inc said its board of
+directors elected its president, Dr James Renier, 57, as chief
+executive officer to succeed Edson Spencer, who will continue
+as chairman of the board.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20979" NEWID="20384">
+<DATE>20-OCT-1987 11:47:38.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1746&#31;reute
+d f BC-ELMIRA-SAVINGS-BANK-F   10-20 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELMIRA SAVINGS BANK FSB &lt;ESBK.O> 3RD QTR NET</TITLE>
+<DATELINE>    ELMIRA, N.Y., Oct 20 -
+    </DATELINE><BODY>Shr 55 cts vs 75 cts
+    Net 218,000 vs 269,000
+    Nine mths
+    Shr 2.15 dlrs vs 3.45 dlrs
+    Net 855,000 vs 920,000
+    Assets 175.8 mln vs 166.9 mln
+    Deposits 159.8 mln vs 154.3 mln
+    Loans 155.7 mln vs 142.6 mln
+   
+    NOTE: 1987 nine mths includes gain 96,000 dlrs, or 24 cts
+per share, from utilization of operating loss carryforward.
+    1986 qtr and nine mths includes gain 128,000 dlrs, or 36
+cts per share, and 445,000 dlrs, or 1.67 dlrs per share, from
+utilization of operation loss carryforward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20980" NEWID="20385">
+<DATE>20-OCT-1987 11:47:58.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1749&#31;reute
+h f BC-GOLDEN-VALLEY-MICROWA   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOLDEN VALLEY MICROWAVE &lt;GVMF.O> 3RD QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 20 - </DATELINE><BODY>Period ended September 26
+    Shr 28 cts vs 14 cts
+    Net 3,300,000 vs 1,300,000
+    Sales 24.7 mln vs 11.2 mln
+    Avg shrs 11,871,751 vs 9,398,952
+    Nine mths
+    Shr 76 cts vs 35 cts
+    Net 9,000,000 vs 3,200,000
+    Sales 69.3 mln vs 32.0 mln
+    Avg shrs 11,833,883 vs 9,059,692
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20981" NEWID="20386">
+<DATE>20-OCT-1987 11:48:04.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1750&#31;reute
+h f BC-HOME-FEDERAL-SAVINGS/   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME FEDERAL SAVINGS/ROCKIES &lt;HROK.O> 3RD QTR</TITLE>
+<DATELINE>    FORT COLLINS, Colo., Oct 20 -
+    </DATELINE><BODY>Shr 77 cts vs nil
+    Net 417,000 vs 1,000
+    Nine mths
+    Shr 2.39 dlrs vs 84 cts
+    Net 1,298,000 vs 443,000
+    Assets 290.7 mln vs 296.6 mln
+    NOTE: full name of company is home federal savings and loan
+association of the rockies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20982" NEWID="20387">
+<DATE>20-OCT-1987 11:48:59.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1758&#31;reute
+f f BC-AMOCO-CORP-3RD   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMOCO CORP 3RD QTR SHR 1.60 DLRS VS 68 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20983" NEWID="20388">
+<DATE>20-OCT-1987 11:49:16.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1760&#31;reute
+h f BC-WESTPORT-BANCORP-INC   10-20 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTPORT BANCORP INC &lt;WBAT.O> 3RD QTR NET</TITLE>
+<DATELINE>    WESTPORT, Conn., Oct 20 -
+    </DATELINE><BODY>Shr 19 cts vs 38 cts
+    Net 397,000 vs 788,000
+    Nine mths
+    Shr 80 cts vs 1.19 dlrs
+    Net 1,674,000 vs 2,455,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20984" NEWID="20389">
+<DATE>20-OCT-1987 11:49:42.83</DATE>
+<TOPICS><D>veg-oil</D></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1762&#31;reute
+d f BC-COPA-URGES-TAX-ON-VEG   10-20 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COPA URGES TAX ON VEGETABLE PROTEINS</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 20 - </DATELINE><BODY>The European Community's farmers'
+pressure group Copa has urged EC farm ministers to agree a tax
+on vegetable proteins similar to the oils and marine fats tax
+which has already been proposed by the EC Commission.
+    Copa president Hans Kjeldsen told a news conference on
+Tuesday he had also urged ministers to seek a similar mechanism
+for cereal substitutes.
+    He was speaking after a meeting of farm leaders with the
+Danish foreign and agriculture ministers, who currently chair
+meetings of their EC colleagues.
+    Kjeldsen said taxes on the products concerned would help
+the EC's budget problems and would provide some price stability
+for producers.
+    This would in turn help the market position for certain
+crops of which the EC is a net importer such as oilseeds, peas
+and beans, but for which the Commission is now proposing severe
+output restrictions.
+    A minority of EC ministers opposed to an oils and fats tax
+on imported and domestically produced oils and marine fats
+succeeded in blocking the idea during this year's annual EC
+price fixing.
+    However, the EC Commission has said it maintains its
+proposals for a tax.
+    Kjeldsen said Copa had urged the ministers to pursue
+international negotiations on farm trade with the aim of
+bridging the gap between EC and world prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20985" NEWID="20390">
+<DATE>20-OCT-1987 11:50:50.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1767&#31;reute
+r f BC-ALLIED-IRISH-BANKS-OP   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED IRISH BANKS OPENS TOKYO OFFICE</TITLE>
+<DATELINE>    LONDON, Oct 20- </DATELINE><BODY>Allied Irish Banks Plc &lt;ALBK.L> said it
+plans to open a Tokyo office.
+    Initially it will be a representative office but the
+company said it hopes to have a full banking licence in about
+two years.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20986" NEWID="20391">
+<DATE>20-OCT-1987 11:51:04.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1769&#31;reute
+r f BC-OHIO-EDISON-CO-&lt;OEC>   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OHIO EDISON CO &lt;OEC> 3RD QTR NET</TITLE>
+<DATELINE>    AKRON, Ohio, OCt 20 -
+    </DATELINE><BODY>Shr 60 cts vs 57 cts
+    Net 103.7 mln vs 96.5 mln
+    Revs 472.5 mln vs 434.1 mln
+    Avg shrs 152.3 mln vs 147.0 mln
+    12 mths
+    Shr 2.60 dlrs vs 2.44 dlrs
+    Net 393.1 mln vs 347.1 mln
+    Revs 1.79 billion vs 1.76 billion
+    Avg shrs 150.9 mln vs 142.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20987" NEWID="20392">
+<DATE>20-OCT-1987 11:52:14.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1778&#31;reute
+r f BC-NEW-YORK-STATE-ELECTR   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK STATE ELECTRIC/GAS CORP &lt;NGE> 3RD QTR</TITLE>
+<DATELINE>    BINGHAMTON, N.Y., Oct 20 -
+    </DATELINE><BODY>Oper shr 71 cts vs 78 cts
+    Oper net 42.9 mln vs 46.6 mln
+    Revs 294.0 mln vs 274.9 mln
+    Avg shrs 55.5 mln vs 54.0 mln
+    Nine mths
+    Oper shr 2.88 dlrs vs 3.07 dlrs
+    Oper net 169.2 mln vs 181.5 mln
+    Revs 993.4 mln vs 961.4 mln
+    Avg shrs 55.2 mln vs 54.0 mln
+    12 mths
+    Oper shr 3.67 dlrs vs 3.76 dlrs
+    Oper net 216.2 mln vs 224.4 mln
+    Revs 1.31 billion vs 1.26 billion
+    Avg shrs 54.9 mln vs 53.9 mln
+    NOTE: 1987 nine month and 12 month operating net excludes
+charges of 269 mln dlrs and 25 mln dlrs reflecting disallowed
+costs of utility's 18 pct share of Nine Mile Point Number two
+nuclear power plant and the abandoned Jamesport nuclear
+project, respectively. The charges resulted in nine month share
+loss of 2.44 dlrs and 12 month share loss of 1.68 dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20988" NEWID="20393">
+<DATE>20-OCT-1987 11:52:29.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1781&#31;reute
+b f BC-CITICORP-&lt;CCI>-3RD-QT   10-20 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITICORP &lt;CCI> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr profit 3.64 dlrs vs profit 1.64 dlrs
+    Net profit 541 mln vs profit 247 mln
+    Nine mths
+    Shr loss 13.30 dlrs vs profit 5.11 dlrs
+    Net loss 1.78 billion vs profit 752 mln
+    NOTE: Net in nine mths 1987 vs 1986 includes provision for
+possible credit losses of 4.19 billion vs 1.32 billion.
+    Net in qtr 1987 vs 1986 includes provision for possible
+crit losses of 320 mln vs 431 mln.
+    Assets 200 billion vs 186 billion
+    Loans 129.3 billion vs 122.3 billion
+    Deposits 118.1 billion vs 111.0 billion
+    3rd qtr 1987 reflects previously announced aftertax gain of
+163 mln from recognition of pension plan over funding and 139
+mln of tax benefits from the three billion provision.
+    Net write offs in qtr 1987 vs 1986 totaled 338 mln vs 342
+mln and in year to date 1987 vs 1986 of 1.06 billion vs 988
+mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20989" NEWID="20394">
+<DATE>20-OCT-1987 11:53:10.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1787&#31;reute
+u f BC-NORWAY'S-SPAREBANKEN   10-20 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY'S SPAREBANKEN ROGALAND GETS EURO-CD PROGRAM</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>Sparebanken Rogaland, a large Norwegian
+savings bank, has in place a 200 mln dlr euro-certificate of
+deposit program, First Interstate Bank of California said as
+arranger.
+    Dealers for the program are First Interstate, First Chicago
+Ltd, Merrill Lynch Capital Markets and Manufacturers Hanover
+Ltd. First Chicago will be issuing and paying agent.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20990" NEWID="20395">
+<DATE>20-OCT-1987 11:54:22.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1794&#31;reute
+r f BC-COLEMAN-CO-INC-&lt;CLN>   10-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLEMAN CO INC &lt;CLN> 3RD QTR NET</TITLE>
+<DATELINE>    WICHITA, KAN., Oct 20 -
+    </DATELINE><BODY>Shr 42 cts vs 34 cts
+    Net 2,945,000 vs 2,400,000
+    Sales 146.8 mln vs 117.2 mln
+    Nine mths
+    Shr 2.45 dlrs vs 2.35 dlrs
+    Net 17,280,000 vs 16,366,000
+    Sales 465.6 mln vs 387.8 mln
+    Avg shrs 7,046,000 vs 6,961,000
+    NOTE: 1986 data restated for changes in method of
+accounting for pensions
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20991" NEWID="20396">
+<DATE>20-OCT-1987 11:54:48.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1797&#31;reute
+u f BC-JACOBS-SELLS-STAKE-IN   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JACOBS SELLS STAKE IN GILLETTE &lt;GS></TITLE>
+<DATELINE>    CHICAGO, Oct 20 - </DATELINE><BODY>Minneapolis investor Irwin Jacobs said he
+sold the stake he held in Gillette Co &lt;GS> after deciding that
+he could not force Gillette to accept a 47 dlr a share takeover
+bid made by Revlon Group Inc &lt;REV>.
+    Revlon's bid expired last week after being repeatedly
+rejected by Gillette. Jacobs had earlier considered waging a
+proxy fight over Gillette.
+    Jacobs told Reuters he sold the Gillette stake, which he
+called "substantial" but under five pct, a few weeks ago over a
+period of several days. He said he sold the stock at a profit,
+but did not disclose the selling price.
+    Gillette's stock was at 24-1/8, up 1/8, in morning trade,
+off the high of 45-7/8 reached after Revlon announced its bid.
+    Jacobs said he sold his Gillette stake based on an
+"investment decision. I surely did not see this happening," he
+said of Monday's stock market free-fall.
+    A Gillette spokesman said the mpany had no comment.
+    Jacobs said he and fellow investor Carl Pohlad continue to
+hold a stake in Allegheny International Inc &lt;AG>. In August
+they disclosed in a Securities and Exchange Commission filing
+that they had acquired 854,900 shares, or 7.9 pct, of Allegheny
+and would consideer seeking control of the company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20992" NEWID="20397">
+<DATE>20-OCT-1987 11:55:07.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1799&#31;reute
+f f BC-MARTIN-MARIETTA   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MARTIN MARIETTA SAID IT EXPECTS TO AWARD HERCULES 500 MLN DLR ROCKET MOTOR CONTRACT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20993" NEWID="20398">
+<DATE>20-OCT-1987 11:55:15.13</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1800&#31;reute
+r f BC-TRANSAMERICA-&lt;TA>-TO   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICA &lt;TA> TO BUY SEDGWICK &lt;SDWK.L> UNIT</TITLE>
+<DATELINE>    LOS ANGELES, Oct 20 - </DATELINE><BODY>Transamerica Corp's Transamerica
+Insurance Co said it signed a definitive pact to buy a 51 pct
+interest in Sedgwick Group PLC's River Thames Insurance Co.
+    Transamerica will buy 11 mln newly issued Class A shares of
+River Thames for 2.23 dlrs per share.
+    Sedgwick wil retain a 49 pct interest in River Thames,
+which is a property liability reinsurer.
+    The agreement, subject to shareholder approval, is expected
+to close by the end of the year, the company said.
+    In 1986, River Thames reported net premiums written of 36
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20994" NEWID="20399">
+<DATE>20-OCT-1987 11:55:30.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1802&#31;reute
+f f BC-FANNIE-MAE-RAIS   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FANNIE MAE RAISES 3RD QTR DIVIDEND TO 12 CTS PER SHR FROM EIGHT CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20995" NEWID="20400">
+<DATE>20-OCT-1987 11:55:50.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1803&#31;reute
+h f BC-INTERMEC-CORP-&lt;INTR.O   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERMEC CORP &lt;INTR.O> 2ND QTR SEPT 30 NET</TITLE>
+<DATELINE>    LYNNWOOD, Wash., Oct 20 -
+    </DATELINE><BODY>Shr 16 cts vs 17 cts
+    Net 988,000 vs 1,005,000
+    Revs 19.7 mln vs 16.4 mln
+    Avg shrs 6,206,487 vs 5,959,028
+    Six Mths
+    Shr 31 cts vs 28 cts
+    Net 1,884,000 vs 1,662,000
+    Revs 37.5 mln vs 30.8 mln
+    Avg shrs 6,168,105 vs 5,950,842
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20996" NEWID="20401">
+<DATE>20-OCT-1987 12:54:31.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2159&#31;reute
+r f BC-HOMESTEAD-FINANCIAL-C   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOMESTEAD FINANCIAL CORP &lt;HFL> 3RD QTR NET</TITLE>
+<DATELINE>    BURLINGAME, Calif., Oct 20 -
+    </DATELINE><BODY>Shr 30 cts vs 73 cts
+    Net 3,992,000 vs 8,526,00
+    Nine Mths
+    Shr 1.72 dlrs vs 1.74 dlrs
+    Net 22,110,000 vs 20,379,000
+    Avg shrs 13,459,000 vs 11,740,000
+    Note: Prior nine month figures include extraordinary
+after-tax loss of 10.9 mln dlrs, or 93 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20997" NEWID="20402">
+<DATE>20-OCT-1987 12:54:51.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2160&#31;reute
+b f BC-AMEX-ISSUES-WARNING-O   10-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX ISSUES WARNING ON VENDOR PRICE QUOTES</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>The American Stock Exchange said market
+volatility may result in inaccurate price quotations on certain
+vendor price machines.
+    The Exchange said this volatility has resulted in digits
+being deleted from certain vendor machines.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20998" NEWID="20403">
+<DATE>20-OCT-1987 12:54:57.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2161&#31;reute
+b f BC-KCBT-HALTS-TRADING-IN   10-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KCBT HALTS TRADING IN VALUE LINE STOCK FUTURES</TITLE>
+<DATELINE>    KANSAS CITY, Oct 20 - </DATELINE><BODY>The Kansas City Board of Trade said
+it has halted trading in Value Line stock index futures.
+    The exchange said the move follows the halt in trading in
+futures, futures-options and options at several other exchanges
+because many of the underlying stocks that make up the indexes
+have stopped trading.
+    The exchange said trading would resume pending action by
+the other exchanges.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20999" NEWID="20404">
+<DATE>20-OCT-1987 12:55:16.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2164&#31;reute
+h f BC-OAKWOOD-HOMES-&lt;OH>-BE   10-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OAKWOOD HOMES &lt;OH> BEGINS STOCK REPURCHASE</TITLE>
+<DATELINE>    GREENSBORO, N.C., Oct 20 - </DATELINE><BODY>Oakwood Homes Corp said it was
+beginning a stock repurchase program under which it may
+purchase up to 400,000 shares, or about seven pct, of its
+common stock.
+    Oakwood said purchase will be made from time to time as
+conditions permit on the open market and in privately
+negotiated transactions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21000" NEWID="20405">
+<DATE>20-OCT-1987 12:55:33.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2166&#31;reute
+r f BC-AUDIO/VIDEO-AFFILIATE   10-20 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUDIO/VIDEO AFFILIATES &lt;AVA> TO PURCHASE SHARES</TITLE>
+<DATELINE>    DAYTON, Ohio, Oct 20 - </DATELINE><BODY>Audio/Video Affiliates Inc said it
+has authorized the purchase of up to 2.5 mln shares of its
+common stock, in market transactions, from time to time.
+    The company said the purchases were authorized because it
+believes the market price of the stock is less than its
+underlying value. Audio/Video said general funds of the company
+will be used to purchase the shares, and all shares will be
+held in the company's treasury, for possible future use.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21001" NEWID="20406">
+<DATE>20-OCT-1987 12:55:41.32</DATE>
+<TOPICS><D>fuel</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2167&#31;reute
+r f BC-GLOBAL-PETROLEUM-&lt;GNR   10-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GLOBAL PETROLEUM &lt;GNR> UPS HEAVY FUEL PRICES</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Global Petroleum Corp said it had raised
+the contract prices for heavy fuel oil from 25 cts to one dlr
+per barrel, effective today.
+    The company said 0.3 pct fuel oil is up one dlr a barrel to
+22.25 dlrs a barrel. They said 0.5 pct fuel oil is up by 50 cts
+to 21.95 dlrs a barrel.
+    Global raised one pct fuel oil by 35 cts to 20.25 dlrs a
+barrel. The company raised 2.2 pct fuel by 25 cts to 19.50 dlrs
+a barrel. Global raised 2.5 pct fuel oil by 45 cts to 19.45
+dlrs a barrel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21002" NEWID="20407">
+<DATE>20-OCT-1987 12:55:47.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2168&#31;reute
+d f BC-SILVERCREST-CORP-&lt;SLV   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SILVERCREST CORP &lt;SLV> 1ST QTR SEPT 30 NET</TITLE>
+<DATELINE>    SANTA ANA, Calif., Oct 20 -
+    </DATELINE><BODY>Shr 17 cts vs 15 cts
+    Net 565,000 vs 502,000
+    Revs 20.0 mln vs 14.5 mln
+    Note: Current qtr figures include tax loss carryforward
+credit of 194,000 dlrs vs credit of 197,000 dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21003" NEWID="20408">
+<DATE>20-OCT-1987 12:56:05.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2171&#31;reute
+f f BC-NYSE-SAID-THE-N   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE SAID NY FUTURES EXCHANGE IS CLOSED AFTER OTHER US INDEX PRODUCTS CLOSE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21004" NEWID="20409">
+<DATE>20-OCT-1987 12:56:44.99</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2176&#31;reute
+u f BC-DONALD-REGAN-SAYS-U.S   10-20 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DONALD REGAN SAYS U.S. SHOULD EASE CREDIT SUPPLY</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Donald Regan, President Reagan's
+former chief of staff, said the government should loosen the
+money supply, try to keep interest rates down and try to reduce
+the federal budget and trade deficits to avoid a recession.
+    "I think what we have to face now is trying to preserve our
+economy," the one-time chairman of Merrill Lynch and Co Inc
+&lt;MER> said in an interview on the ABC television network.
+    "We've got to loosen money, we've got to keep interest rates
+down. We can't afford to let them go up. That means we're going
+to have to work on our twin deficits, both the budget deficit
+and the trade deficit," Regan said.
+     "I certainly wouldn't tighten money at this particular
+moment," Regan said when asked about the prospects for a
+recession following Monday's price drop on Wall Street.
+    "I think that if they were to do that, they'd create the
+same conditions that we did in '29...They choked off the money
+supply and what happened? We went into a major recession. I
+think that's the one thing we've got to avoid right now."
+    Regan also called on the government to impose restrictions
+on program trading. "I think that that's exacerbated,
+exaggerated this decline, and I think it's something that they
+must stop," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21005" NEWID="20410">
+<DATE>20-OCT-1987 12:57:24.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2180&#31;reute
+b f BC-/USX-&lt;USX>-TO-BUY-BAC   10-20 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;USX> TO BUY BACK UP TO 20 MLN SHARES</TITLE>
+<DATELINE>    PITTSBURGH, Pa., Oct 20 - </DATELINE><BODY>USX Corp said it has authorized
+the repurchase of up to 20 mln shares of common stock.
+    "This action has been under study and consideration since
+we announced our financial restructuring earlier this year,"
+said chairman David Roderick.
+    "It reflects the very strong financial position of the
+corporation, and enables us to take advantage of current market
+conditions," he said.
+    The company said timing of the repurchase will be dictated
+by market conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21006" NEWID="20411">
+<DATE>20-OCT-1987 12:58:39.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f2187&#31;reute
+u f BC-GM-CANADA   10-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM CANADA, WORKERS FAR APART IN TALKS - UNION</TITLE>
+<DATELINE>    TORONTO, Oct 20 - </DATELINE><BODY>The Canadian unit of General Motors Corp
+and the union representing its 40,000 workers remain far apart
+over local issues in contract talks two days from a threatened
+strike, a union spokesman said.
+    The deepest divisions appeared to be between General Motors
+of Canada Ltd and the Canadian Auto Workers local representing
+17,000 workers at an assembly plant in Oshawa, Ontario, union
+spokesman Wendy Cuthbertson said.
+    "Local 222 is miles apart," said Cuthbertson. The local
+assembles full-size pick-up trucks, the Buick Regal and the
+Pontiac 6000.
+    Local issues there included shift schedules, transfers and
+working conditions, union president Bob White said.
+    The union has threatened to strike at 1000 hrs EDT (1400
+gmt) on Thursday unless it has reached a tentative settlement
+with the automaker by then.
+    Bargaining was scheduled to continue late into the night
+Tuesday in an effort to avert a walkout, said Cuthbertson.
+    On Monday, the union accepted an economic offer from GM
+Canada that largely matched the pay-and-benefit pattern reached
+earlier at Chrysler and Ford in Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21007" NEWID="20412">
+<DATE>20-OCT-1987 12:59:03.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2191&#31;reute
+r f BC-H.F.-AHMANSON-AND-CO   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>H.F. AHMANSON AND CO &lt;AHM> 3RD QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, Oct 20 -
+    </DATELINE><BODY>Shr 41 cts vs 80 cts
+    Net 40.3 mln vs 78.9 mln
+    Nine mths
+    Shr 1.58 dlrs vs 2.40 dlrs
+    Net 155.0 mln vs 223.3 mln
+    Avg shrs 98,353,350 vs 92,967,487
+    Assets 27.48 billion vs 27.60 billion
+    Loans 22.75 billion vs 19.00 billion
+    Deposits 21.45 billion vs 21.31 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21008" NEWID="20413">
+<DATE>20-OCT-1987 12:59:23.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2194&#31;reute
+r f BC-VF-CORP-&lt;VFC>-BOOSTS   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VF CORP &lt;VFC> BOOSTS DIVIDEND</TITLE>
+<DATELINE>    WYOMISSING, Pa., Oct 20 - </DATELINE><BODY>VF Corp said it increased its
+quarterly cash dividend to 21 cts per share, from 18 cts a
+share.
+    The company said the dividend is payable December 18, to
+shareholders of record December eight.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21009" NEWID="20414">
+<DATE>20-OCT-1987 12:59:46.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2197&#31;reute
+d f BC-JWP-INC-&lt;JWP>-3RD-QTR   10-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JWP INC &lt;JWP> 3RD QTR NET</TITLE>
+<DATELINE>    LAKE SUCCESS, N.Y., Oct 20 -
+    </DATELINE><BODY>Shr 50 cts vs 37 cts
+    Net 16.1 mln vs 9,390,000
+    Revs 168.1 mln vs 111.3 mln
+    Avg shrs 12.5 mln vs 11.6 mln
+    Nine mths
+    Shr 1.31 dlrs vs 86 cts
+    Net 16.1 mln vs 9,390,000
+    Revs 445.8 mln vs 244.6 mln
+    Avg shrs 12.4 mln vs 10.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21010" NEWID="20415">
+<DATE>20-OCT-1987 13:00:52.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2203&#31;reute
+d f BC-PEOPLES-SAVINGS-BANK   10-20 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEOPLES SAVINGS BANK &lt;PEBW.O> 3RD QTR NET</TITLE>
+<DATELINE>    WORCESTER, Mass., Oct 20 -
+    </DATELINE><BODY>Shr 32 cts vs not given
+    Net 1,041,000 vs 43,000
+    Nine mths
+    Shr 1.09 dlrs vs not given
+    Net 3,586,000 vs 764,000
+    NOTE: Company went public in October 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21011" NEWID="20416">
+<DATE>20-OCT-1987 13:00:59.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2204&#31;reute
+s f BC-SUSQUEHANNA-BANCSHARE   10-20 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUSQUEHANNA BANCSHARES INC &lt;SUSQ.O> HIKES DIVI</TITLE>
+<DATELINE>    LITIZ, Pa., Oct 20 -
+    </DATELINE><BODY>Qtlry div 20 cts vs 18 cts prior
+    Pay Nov 20
+    Record Oct 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21012" NEWID="20417">
+<DATE>20-OCT-1987 13:02:16.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2208&#31;reute
+b f BC-TW-SERVICES-INC   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TW SERVICES INC REPORTS THIRD QTR PER SHARE OF 38 CTS VS 28 CTS.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21013" NEWID="20418">
+<DATE>20-OCT-1987 13:03:01.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2212&#31;reute
+r f BC-PRIME-COMPUTER-&lt;PRM>   10-20 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRIME COMPUTER &lt;PRM> TO BUY BACK STOCK</TITLE>
+<DATELINE>    NATICK, Mass., Oct 20 - </DATELINE><BODY>Prime Computer Inc said it will
+periodically repurchase an unspecified number of its common
+stock on the open market.
+    The company has 49.1 mln shares outstanding.
+    It said it stock will be bought in periods of price
+weakness and that the stock will be used for the company's
+restricted stock and employee stock purchase plans and for
+other corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21014" NEWID="20419">
+<DATE>20-OCT-1987 13:07:33.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2247&#31;reute
+r f BC-TEXAS-EASTERN-CORP-&lt;T   10-20 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS EASTERN CORP &lt;TET> 3RD QTR NET</TITLE>
+<DATELINE>    HOUSON, Texas, Oct 20 -
+    </DATELINE><BODY>Shr profit three cts vs profit 36 cts
+    Net profit 1,800,000 vs profit 19.2 mln
+    Nine mths
+    Shr profit 1.22 dlrs vs loss 44 cts
+    Net 64.7 mln vs loss 23.5 mln
+    NOTE: 1986 3rd qtr and nine months includes a profit of 2.8
+mln dlrs and a loss of 66.7 mln dlrs from discontinued
+operations.
+    Earnings per share are reported after payment of preferred
+stock dividends of subsidiaries.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21015" NEWID="20420">
+<DATE>20-OCT-1987 13:07:39.67</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2248&#31;reute
+r f BC-PHILLIPS-&lt;P>-RAISES-C   10-20 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILLIPS &lt;P> RAISES CRUDE OIL PRICES</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Phillips Petroleum Corp said it raised
+the contract price it will pay for all grades of crude oil by
+50 cts a barrel, effective Oct 16.
+    The increase brings the company's postings for the West
+Texas Intermediate and West Texas Sour grades to 19.00 dlrs a
+barrel.
+    Phillips last changed it crude oil postings on Sept 9.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21016" NEWID="20421">
+<DATE>20-OCT-1987 13:07:53.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2251&#31;reute
+d f BC-MEDITRUST-SBI-&lt;MT>-3R   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDITRUST SBI &lt;MT> 3RD QTR NET</TITLE>
+<DATELINE>    WELLESLEY, Mass, Oct 20 -
+    </DATELINE><BODY>Shr 31 cts vs 26 cts
+    Net 3,308,000 vs 1,512,000
+    Revs 6,467,000 vs 2,590,000
+    Avg shrs 10.7 mln vs 5,788,594
+    Nine mths
+    Shr 1.32 dlrs vs 1.17 dlrs
+    Net 10.2 mln vs 3,041,000
+    Revs 18.7 mln vs 5,682,000
+    Avg shrs 10.7 mln vs 3,780,626
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21017" NEWID="20422">
+<DATE>20-OCT-1987 13:08:08.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2253&#31;reute
+w f BC-PIRELLI-SEES-RISE-IN   10-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIRELLI SEES RISE IN 1987 GROUP PROFITS, SALES</TITLE>
+<DATELINE>    BASLE, Switzerland, Oct 20 - </DATELINE><BODY>Net profit and sales for the
+Pirelli group's worldwide activities should both grow well in
+1987, said Jacopo Vittorelli, chief executive of Societe
+Internationale Pirelli SA &lt;PIRI.Z>.
+    Sales rose 17.5 pct to 2.75 billion dlrs in the first half
+of 1987, and Vittorelli told reporters they were likely to show
+the same percentage growth for the year as a whole.
+    However, he declined to predict the likely growth in net
+profit for the year. It rose by 31.7 pct to 80.6 mln dlrs in
+the first six months. In 1986 group net profit was 141.0 mln
+dlrs, up from 101.5 mln the year before.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21018" NEWID="20423">
+<DATE>20-OCT-1987 13:09:01.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2256&#31;reute
+u f BC-U.S.-HEALTHCARE-&lt;USHC   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HEALTHCARE &lt;USHC.O> TO BUY BACK SHARES</TITLE>
+<DATELINE>    BLUE BELL, Pa., Oct 20 - </DATELINE><BODY>U.S. Healthcare Inc said it has
+authorized the repurchase of up to 10 mln shares of stock.
+    The company repurchased five mln shares under a program
+that ended earlier this year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21019" NEWID="20424">
+<DATE>20-OCT-1987 13:09:33.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2259&#31;reute
+u f BC-phlx-full-out-to-flas   10-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILADELPHIA HALTS MAJOR INDEX OPTION TRADE</TITLE>
+<DATELINE>    PHILADELPHIA, Oct 20 - </DATELINE><BODY>The Philadelphia Stock Exchange said
+trading was halted about 1105 EDT in its value line composite
+index option that involves about 1,700 stocks.
+    The exchange added that its gold and silver options index
+did not open trading Tuesday, but that trading continued in its
+national over-the-counter stock index option.
+    The halt in the value line index option accompanied index
+option trading halts by other major U.S. exchanges.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21020" NEWID="20425">
+<DATE>20-OCT-1987 13:10:42.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cboe</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2266&#31;reute
+f f BC-CBOE-TO-RESUME   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CBOE TO RESUME INDEX OPTIONS TRADING AT 1215 CDT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21021" NEWID="20426">
+<DATE>20-OCT-1987 13:10:49.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2267&#31;reute
+r f BC-STERLING-SOFTWARE-&lt;SS   10-20 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING SOFTWARE &lt;SSW> BUYS BACK SHARES</TITLE>
+<DATELINE>    DALLAS, Oct 20 - </DATELINE><BODY>Sterling Software Inc said it has bought
+back 394,100 shares of its stock in the open market since
+October 8.
+    "In a market full of sellers we're a confident buyer and
+we'll continue purchasing shares," president Sterling Williams
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21022" NEWID="20427">
+<DATE>20-OCT-1987 13:10:54.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2268&#31;reute
+f f BC-FDIC'S-SEIDMAN   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FDIC'S SEIDMAN SAYS STOCK MARKET DROP NOT HAVING ANY IMPACT ON BANKS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21023" NEWID="20428">
+<DATE>20-OCT-1987 13:11:42.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2275&#31;reute
+f f BC-NYSE-SAYS-NEW-Y   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE SAYS NEW YORK FUTURES EXCHANGE WILL REOPEN AT 1315 EDT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21024" NEWID="20429">
+<DATE>20-OCT-1987 13:12:15.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2277&#31;reute
+u f BC-TRAVELERS-&lt;TIC>-TO-RE   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRAVELERS &lt;TIC> TO REPURCHASE STOCK</TITLE>
+<DATELINE>    HARTFORD, Conn., Oct 20 - </DATELINE><BODY>Travelers Corp said will
+repurchase up to 2.5 mln shares ot its common stock.
+    The company, which has 100.2 mln shares outstanding, said
+its stock is at an attractive price at the moment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21025" NEWID="20430">
+<DATE>20-OCT-1987 13:13:22.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2284&#31;reute
+f f BC-CME-HAS-RESUMED   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CME HAS RESUMED TRADING IN S/P 500 STOCK INDEX FUTURES AND OPTIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21026" NEWID="20431">
+<DATE>20-OCT-1987 13:13:47.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2288&#31;reute
+d f BC-ACETO-&lt;ACET.O>-BOOSTS   10-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACETO &lt;ACET.O> BOOSTS SHARE REPURCHASE</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Aceto Corp said its board increased its
+authorized share repurchase program to 500,000 shares from
+200,000. The shares will be bought in the open market.
+    It has bought back 185,422 shares under the previously
+authorized 200,000 share program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21027" NEWID="20432">
+<DATE>20-OCT-1987 13:14:25.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2293&#31;reute
+h f BC-HEALTH-IMAGES-INC-&lt;HI   10-20 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH IMAGES INC &lt;HIMG.O> 3RD QTR NET</TITLE>
+<DATELINE>    ATLANTA, Oct 20 -
+    </DATELINE><BODY>Shr profit five cts vs loss four cts
+    Net profit 378,000 vs loss 140,000
+    Revs 4,226,000 vs 1,240,000
+    Nine mths
+    Shr loss 38 cts vs loss 16 cts
+    Net loss 1,088,000 vs 538,000
+    Revs 10.1 mln vs 2,963,000
+   
+    NOTE: 1987 nine mths includes charge 1,827,000 dlrs for
+exchange by an officer and director of 554,000 shares of junior
+subordinated stock for 443,000 shares of common stock and a
+10-year warrant to purchase 250,000 shares of common stock at
+4.50 dlrs per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21028" NEWID="20433">
+<DATE>20-OCT-1987 13:14:34.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2294&#31;reute
+b f BC-/FED-SAYS-NO-NEWS-CON   10-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED SAYS NO NEWS CONFERENCE TODAY</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Federal Reserve spokesmen in New York
+and Washington said there are no plans for a news conference
+today.
+    The spokesmen were responding to rumors in the financial
+markets.
+    There was also speculation that because Fed Chairman Alan
+Greenspan and Vice Chairman Manuel Johnson have cancelled trips
+out of Washington today that the Fed board was holding an
+extraordinary meeting to discuss a cut in the six pct discount
+rate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21029" NEWID="20434">
+<DATE>20-OCT-1987 13:16:40.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2303&#31;reute
+u f BC-EATON-VANCE-&lt;EAVN.O>   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EATON VANCE &lt;EAVN.O> TO BUY BACK 200,000 SHARES</TITLE>
+<DATELINE>    BOSTON, Oct 20 - </DATELINE><BODY>Eaton Vance Corp said its board authorized
+the repurchase of up to 200,000 shares of its common stock
+through privately negotiated or open market transactions.
+    It has 4.3 mln outstanding shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21030" NEWID="20435">
+<DATE>20-OCT-1987 13:17:25.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2306&#31;reute
+f f BC-KANSAS-CITY-BOA   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>KANSAS CITY BOARD OF TRADE RESUMES TRADING IN VALUE LINE STOCK INDEX FUTES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21031" NEWID="20436">
+<DATE>20-OCT-1987 13:18:17.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2310&#31;reute
+u f BC-HANDELSBANKEN-STAFF-L   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HANDELSBANKEN STAFF LOSE 100 MLN CROWNS IN DEALS</TITLE>
+<DATELINE>    STOCKHOLM, Oct 20 - </DATELINE><BODY>A share options dealer with Svenska
+Handelsbanken &lt;SHBS.ST> and his office manager have lost the
+bank more than 100 mln crowns in unauthorised dealing, the bank
+said in a statement.
+    Handelsbanken said the two made the losses, calculated
+according to Monday's bourse prices, when they carried out
+unauthorised transactions for themselves and clients.
+    But the bank was insured against such an event and the loss
+would not affect its results, said head of the bank's treasury
+department, Lars Nyberg.
+    "The bank inspection authorities have been told and the
+police are also going to be informed," Nyberg told Reuters.
+    The affair was discovered by routine checks after the
+bourse falls of the past few days, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21032" NEWID="20437">
+<DATE>20-OCT-1987 13:18:27.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2311&#31;reute
+b f BC-/FDIC'S-SEIDMAN-SAYS   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDIC'S SEIDMAN SAYS BANKS UNAFFECTED BY MARKET</TITLE>
+<DATELINE>    DALLAS, Oct 20 - </DATELINE><BODY>Federal Deposit Insurance Corp chairman
+Wiliam Seidman said the stock market decline has not had a
+measurable impact on U.S. banks.
+    Seidman, attending the American Bankers Association annual
+convention, told reporters, "We are looking to see if the stock
+market was having any direct effects. We have seen none."
+    Seidman also said that he was pleased at the decision by
+Chemical New York Corp &lt;CHL> and others to lower their prime
+rate. He said he believed it was a response to the stock market
+behavior. "I think it's a good idea," he said.
+    Seidman said he believes the economy will remain strong as
+long as interest rates remain stable.
+    He said the Federal Reserve Board's announcement that it
+stood ready to provide liquidity to the financial system was an
+effort to reassure markets.
+    "In 1929, they did not provide it (liquidity) and now they
+are reassuring people that that will not happen again. I fully
+support it," he said.
+    He said that the stock market decline was not an argument
+against allowing banks to underwrite securities because the
+stock market is expected to fluctuate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21033" NEWID="20438">
+<DATE>20-OCT-1987 13:19:42.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2317&#31;reute
+u f BC-PRESTON-CORP-&lt;PTRK.O>   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PRESTON CORP &lt;PTRK.O> 3RD QTR NET</TITLE>
+<DATELINE>    PRESTON, Md, Oct 20 -
+    </DATELINE><BODY>Shr four cts vs 36 cts
+    Net 254,000 vs 2,063,000
+    Revs 130.0 mln vs 107.8 mln
+    Nine mths
+    Shr 23 cts vs 1.16 dlrs
+    Net 1,336,000 vs 6,659,000
+    Revs 370.9 mln vs 313.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21034" NEWID="20439">
+<DATE>20-OCT-1987 13:19:50.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2318&#31;reute
+d f BC-U.S-COMMERCE-DEPT-OPP   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S COMMERCE DEPT OPPOSES FOREIGN TAKEOVER BAN</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Commerce Undersecretary J. Michael
+Farren opposed language in the trade bill before Congress to
+limit foreign takeovers of U.S. companies.
+    "Anything that would serve to have a chilling effect on
+foreign investment is going to cost us jobs and economic
+growth," Farren said before a congressional coittee.
+    House and Senate negotiators are ironing out differences in
+trade bills passed by both chambers. Once the negotiators reach
+agreement, the bill will be sent to President Reagan for his
+signature.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21035" NEWID="20440">
+<DATE>20-OCT-1987 13:19:57.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2319&#31;reute
+r f BC-CONTRANS-CORP-&lt;CSS.TO   10-20 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTRANS CORP &lt;CSS.TO> 4TH QTR AUGUST 31 NET</TITLE>
+<DATELINE>    TORONTO, Oct 20 - 
+    </DATELINE><BODY>Shr 52 cts vs 47 cts
+    Net 1,935,000 vs 1,495,000
+    Revs 52.7 mln vs 43.1 mln
+    Year
+    Shr 83 cts vs 1.01 dlrs
+    Net 3,775,000 vs 3,221,000
+    Revs 172.7 mln vs 105.9 mln
+    NOTE: Share figures for year are after payment of preferred
+share dividend and include unspecified extraordinary items.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21036" NEWID="20441">
+<DATE>20-OCT-1987 13:20:16.82</DATE>
+<TOPICS><D>trade</D><D>carcass</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f2320&#31;reute
+r f BC-GATT-CASE-AGAINST-JAP   10-20 0134</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATT CASE AGAINST JAPAN A MODEL FOR U.S. - LYNG</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Agriculture Secretary Richard Lyng
+said the ruling of a GATT panel on a U.S. trade complaint
+against Japan, expected soon, may influence the U.S. stance in
+negotiations with Tokyo on beef and citrus import quotas.
+    The ruling of a GATT tribunal on a U.S. demand that Japan
+end quotas on 12 categories of food items is expected by the
+end of the year. Lyng said he is optimistic the ruling will
+favor the U.S.
+    "These are quota items, and the principles that apply to
+them, it seems to me, will have some bearing on the question of
+whether you would have quotas or not on beef and citrus," Lyng
+told Reuters in an interview.
+    He repeated the U.S. demand that Japan lift the quotas on
+beef and citrus after March 31, next year.
+    The Japanese quotas on 12 food categories which the United
+States has challenged include items such as tomato paste, some
+cheeses and specialty fruit juices.
+    U.S. officials had hoped a ruling against the quotas would
+be issued earlier this year but the GATT panel decision has
+been delayed by the illness of the tribunal's chairman.
+    The U.S. has taken a hardline stance on the beef and citrus
+quotas, which Tokyo says must remain in place to protect
+Japanese farmers.
+    "We will not negotiate new quotas or accept new quotas (on
+beef and citrus). If they impose them we would consider that an
+illegal action in the GATT, Lyng said.
+    He declined to say what action the U.S. would take next
+April if Japan continues to resist U.S. demands.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21037" NEWID="20442">
+<DATE>20-OCT-1987 13:20:31.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2321&#31;reute
+u f BC-STANADYNE-INC-&lt;STNA.O   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANADYNE INC &lt;STNA.O> 3RD QTR NET</TITLE>
+<DATELINE>    WINDSOR, Conn., Oct 20 -
+    </DATELINE><BODY>Shr 95 cts vs 30 cts
+    Net 9,139,000 vs 2,894,000
+    Revs 135.6 mln vs 118.5 mln
+    Nine mths
+    Shr 2.81 dlrs vs 1.95 dlrs
+    Net 27.0 mln vs 18.8 mln
+    Revs 406.5 mln vs 372.8 mln
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21038" NEWID="20443">
+<DATE>20-OCT-1987 13:20:54.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2323&#31;e
+r f BC-MERCANTILE-BANKSHARES   10-20 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCANTILE BANKSHARES CORP &lt;MRBK.O> 3RD QTR NET</TITLE>
+<DATELINE>    BALTIMORE, Oct 20 -
+    </DATELINE><BODY>Shr 99 cts vs 77 cts
+    Net 12.7 mln vs 9,736,000
+    Avg shrs 12.8 mln vs 12.7 mln
+    Nine mths
+    Shr 2.67 dlrs vs 2.30 dlrs
+    Net 34.0 mln vs 29.1 mln
+    NOTE: Net includes pretax securities gains 16,000 dlrs vs
+228,000 dlrs in quarter and 48,000 dlrs vs 1,673,000 dlrs in
+nine mths.
+    Net includes loan loss provisions 1,092,000 dlrs vs 790,000
+dlrs in quarter and 3,089,000 dlrs vs 2,584,000 dlrs in nine
+mths.   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21039" NEWID="20444">
+<DATE>20-OCT-1987 13:21:41.21</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM Y 
+&#22;&#22;&#1;f2328&#31;reute
+f f BC-PENTAGON-SAYS-U   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PENTAGON SAYS U.S. WARSHIPS BEGIN ESCORTING GULF TANKER CONVOY SOUTH FROM KUWAIT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21040" NEWID="20445">
+<DATE>20-OCT-1987 13:21:51.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2330&#31;reute
+f f BC-ALLEGIS-CORP-TO   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALLEGIS CORP SAYS IT WILL REPURCHASE UP FIVE MLN SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21041" NEWID="20446">
+<DATE>20-OCT-1987 13:22:21.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2334&#31;reute
+d f BC-ALLEGHENY-LUDLUM-CORP   10-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGHENY LUDLUM CORP &lt;ALS> 3RD QTR NET</TITLE>
+<DATELINE>    PITTSBURGH, Pa., Oct 20 -
+    </DATELINE><BODY>Shr 38 cts vs not given
+    Net 8,616,000 vs not given
+    Revs 209.1 mln vs 169.8 mln
+    Nine mths
+    Shr 1.76 dlrs vs not given
+    Net 34.5 mln vs not given
+    Revs 632.0 mln vs 551.5 mln
+    NOTE: Year ago per share and net income not available as
+company recapitalized on December 28, 1986 after it became a
+new reporting entity for financial reporting purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21042" NEWID="20447">
+<DATE>20-OCT-1987 13:23:22.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2342&#31;reute
+u f BC-GERMAN-BANKING-PANEL   10-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKING PANEL SAYS SHARE FALL EXAGGERATED</TITLE>
+<DATELINE>    COLOGNE, West Germany, Oct 20 - </DATELINE><BODY>Monday's international
+share crash was exaggerated and did not reflect economic
+fundamentals, Wolfgang Roeller, president of the West German
+banking association BDB said in a statement.
+    "A comparison with the (Wall Street crash of) 1929 is
+totally inappropriate," Roeller, also chief executive of
+Dresdner Bank AG, said.
+    The world economy was growing and dangers of inflation were
+being held in check. The recent International Monetary Fund and
+World meetings confirmed the positive forecasts for global
+economic development.
+    Therefore, there were no rational reasons for a sharp
+tightening of monetary policy nor for a continued rise in
+interest rates, Roeller said.
+    "This applies in particular to West Germany," he said.
+    As a result, Roeller expected the markets to calm. They
+would not ignore long-term economic factors.
+    International cooperation on currencies established by the
+Louvre accord and strengthened by Monday's meeting between U.S.
+Treasury Secretary James Baker, West German Finance Minister
+Gerhard Stoltenberg and Bundesbank President Karl Otto Poehl,
+would stand the test, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21043" NEWID="20448">
+<DATE>20-OCT-1987 13:24:32.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2352&#31;reute
+r f BC-ATLANTIC-RESEARCH-COR   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC RESEARCH CORP &lt;ATRC.O> 3RD QTR NET</TITLE>
+<DATELINE>    ALEXANDRIA, Va., Oct 20 -
+    </DATELINE><BODY>Shr primary 60 cts vs 42 cts
+    Shr diluted 57 cts vs 41 cts
+    Net 5,590,000 vs 3,721,000
+    Revs 103.5 mln vs 91.8 mln
+    Nine mths
+    Shr primary 1.55 dlrs vs 1.41 dlrs
+    Shr diluted 1.48 dlrs vs 1.34 dlrs
+    Net 14.3 mln vs 12.7 mln
+    Revs 300.5 mln vs 269.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21044" NEWID="20449">
+<DATE>20-OCT-1987 13:24:37.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2353&#31;reute
+d f BC-BIOSONICS-INC-&lt;BIOS.O   10-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BIOSONICS INC &lt;BIOS.O> PRESIDENT RESIGNS</TITLE>
+<DATELINE>    MOUNT LAUREL, N.J., Oct 20 - </DATELINE><BODY>Biosonics Inc said Jeffrey S.
+Wigand has resigned as president, chief operating officer and
+director of the company.
+    The company said Wigand will announce his affiliation with
+another healthcare company as soon as negotiations are
+completed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21045" NEWID="20450">
+<DATE>20-OCT-1987 13:25:06.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2357&#31;reute
+r f BC-TW-SERVICES-INC-&lt;TW>   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TW SERVICES INC &lt;TW> 3rd qtr net</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 38 cts vs 28 cts
+    Net 18.6 mln vs 14.5 mln
+    Revs 574.2 mln vs 493.3 mln
+    Avg shrs 48,602,000 vs 50,487,000
+    Nine months
+    Shr 85 cts vs 61 cts
+    Net 41.5 mln vs 32.8 mln
+    Revs 1.62 billion vs 1.40 billion
+    Avg shrs 48,622,000 vs 51,670,000
+    NOTE: 1987 results do not include September acquisiton of
+Denny's Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21046" NEWID="20451">
+<DATE>20-OCT-1987 13:25:50.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2362&#31;reute
+d f BC-EXOVIR-TO-BUYBACK-UP   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXOVIR TO BUYBACK UP TO ONE MLN DLRS OF STOCK</TITLE>
+<DATELINE>    GREAT NECK, N.Y., Oct 20 - </DATELINE><BODY>Exovir Inc &lt;XOVR.O> said its
+board authorized the purchase of up to one mln dlrs of the
+comapny's common stock in open market transactions.
+    The company said based on currrent market conditions, it
+believes the stock is substantially undervalued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21047" NEWID="20452">
+<DATE>20-OCT-1987 13:26:33.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2367&#31;reute
+u f BC-GM-CANADA   10-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> CANADA AND WORKERS FAR APART IN TALKS</TITLE>
+<DATELINE>    TORONTO, Oct 20 - </DATELINE><BODY>The Canadian unit of General Motors Corp
+and the union representing its 40,000 workers remain far apart
+over local issues in contract talks two days from a threatened
+strike, a union spokesman said.
+    The deepest divisions appeared to be between General Motors
+of Canada Ltd and the Canadian Auto Workers local representing
+17,000 workers at an assembly plant in Oshawa, Ontario, union
+spokesman Wendy Cuthbertson said.
+    "Local 222 is miles apart," said Cuthbertson. The local
+assembles full-size pick-up trucks, the Buick Regal and the
+Pontiac 6000.
+    Local issues there included shift schedules, transfers and
+working conditions, union president Bob White said.
+    The union has threatened to strike at 1000 EDT/1400 GMT on
+Thursday unless it has reached a tentative settlement.
+    Bargaining was scheduled to continue late into Tuesday
+night in an effort to avert a walkout, said Cuthbertson.
+    On Monday, the union accepted an economic offer from GM
+Canada that largely matched the pay-and-benefit pattern reached
+earlier at Chrysler Corp &lt;C> and Ford Motor Co &lt;F> units.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21048" NEWID="20453">
+<DATE>20-OCT-1987 13:28:45.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2386&#31;reute
+r f BC-SANTA-FE-ENERGY-PARTN   10-20 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SANTA FE ENERGY PARTNERS &lt;SFP> 3RD QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, Oct 20 -
+    </DATELINE><BODY>Shr loss 18 cts vs loss 3.61 dlrs
+    Net loss 5,600,000 vs loss 100.2 mln
+    Revs 33.5 mln vs 22.3 mln
+    Avg units 30.9 mln vs 27.5 mln
+    Nine mths
+    Shr loss 22 cts vs loss 4.20 dlrs
+    Net loss 6,800,000 vs loss 113.6 mln
+    Revs 97.3 mln vs 83.4 mln
+    Avg units 30.0 mln vs 26.8 mln
+    NOTE: full name is sante fe energy partners l.p.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21049" NEWID="20454">
+<DATE>20-OCT-1987 13:29:16.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2390&#31;reute
+r f BC-KING-WORLD-&lt;KWP>-BEGI   10-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KING WORLD &lt;KWP> BEGINS STOCK REPURCHASE</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>King World Productions Inc said it began
+an open market repurchase program of its shares on October 19.
+    King World said the total number of shares ultimately
+bouught back will depend on prevailing market conditions
+including interst rates, the price of the shares and possible
+diversification opportunities.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21050" NEWID="20455">
+<DATE>20-OCT-1987 13:29:54.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2395&#31;reute
+r f BC-GENERAL-DEVELOPMENT-C   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL DEVELOPMENT CORP &lt;CDV> 3RD QTR NET</TITLE>
+<DATELINE>    MIAMI, Oct 20 -
+    </DATELINE><BODY>Shr 66 cts vs 61 cts
+    Net 5,928,000 vs 5,447,000
+    Revs 126.0 mln vs 89.8 mln
+    Avg shrs 8,948,000 vs 8,947,000
+    Nine mths
+    Shr 1.96 dlrs vs 1.96 dlrs
+    Net 17.5 mln vs 16.3 mln
+    Revs 343.9 mln vs 286.9 mln
+    Avg shrs 8,948,000 vs 8,300,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21051" NEWID="20456">
+<DATE>20-OCT-1987 13:30:32.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2400&#31;reute
+u f BC-DEN-NORSKE-CREDITBANK   10-20 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEN NORSKE CREDITBANK PROFIT RISES IN EIGHT MONTHS</TITLE>
+<DATELINE>    OSLO, Oct 20 - Eight months to August 31 -
+    </DATELINE><BODY>Ordinary net profit after provisions for losses and taxes
+300 mln vs 203 mln
+    Group operating profit before loan loss provisions 875 mln
+crowns vs 986 mln
+    Total assests 132.0 billion crowns vs 107.6 billion
+    Note - Full company name is Den Norske Creditbank &lt;NCBO.OL>
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21052" NEWID="20457">
+<DATE>20-OCT-1987 13:31:00.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2404&#31;reute
+r f BC-SMITH-INTERNATIONAL   10-20 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP LIFTS STAKE IN SMITH INTERNATIONAL &lt;SII></TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>A group of firms led by Hong
+Kong-based Industrial Equity (Pacific) Ltd said it increased
+its stake in Smith International Inc common stock to 3,997,100
+shares, or 17.5 pct of the total outstanding, from about 14.9
+pct.
+    In a filing with the Securities and Exchange Commission,
+the group said it bought 586,500 Smith common shares between
+October 9 and 19 at 7.86 dlrs to 9.57 dlrs a share.
+    No reason was given for the recent purchases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21053" NEWID="20458">
+<DATE>20-OCT-1987 13:31:33.80</DATE>
+<TOPICS><D>tin</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>itc</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f2410&#31;reute
+r f BC-TIN-COUNCIL-ALLOWED-A   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TIN COUNCIL ALLOWED APPEAL ON USE OF DOCUMENTS</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>Britain's highest court has decided the
+International Tin Council (ITC) can appeal over the use of ITC
+documents in court actions.
+    On November 2 the House of Lords will decide if and to what
+extent ITC documents, whether circulated or not, are admissible
+as court evidence. Lawyers working in the legal tangle left
+from the October 1985 collapse of the tin market said this
+hearing is likely to last a few days.
+    On Wednesday the Court of Appeal will link the outstanding
+ITC cases that have so far reached it and a single set of
+hearings could begin in early January, they added.
+    The House of Lords ruling on the use of ITC documents will
+be referred back to the action by two Shearson Lehman companies
+against the London Metal Exchange although the underlying case
+is not expected to be resumed until mid-1988.
+    The Court of Appeal hearings include action between brokers
+and cases by brokers and banks against the ITC and the member
+governments of the tin council.
+    Action taken by brokers seeking both the winding up of the
+ITC or and placing it into receivership will also be covered by
+the Court of Appeal legal schedule.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21054" NEWID="20459">
+<DATE>20-OCT-1987 13:32:02.25</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iran</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2415&#31;reute
+u f BC-IRAN,-SOVIETS-TO-HOLD   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN, SOVIETS TO HOLD TALKS ON OIL EXCHANGE DEAL</TITLE>
+<DATELINE>    MOSCOW, Oct 20 - </DATELINE><BODY>Iran and the Soviet Union have
+provisionally agreed to hold talks on a possible exchange of
+Iranian crude oil for finished Soviet oil products, an official
+spokesman said Tuesday.
+    Gennady Gerasimov, chief of the Soviet Foreign Ministry's
+Information Directorate, told reporters the agreement had been
+reached during a visit to Moscow last week by Iran's Oil
+Minister Gholamreza Aqazadeh.
+    Gerasimov said no date had been set for the talks, which
+would also study the possibility of Soviet technical assistance
+for Iran's oil industry.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21055" NEWID="20460">
+<DATE>20-OCT-1987 13:32:35.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2420&#31;reute
+r f BC-BENTSEN-AWAITING-RESP   10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENTSEN AWAITING RESPONSE ON ECONOMIC SUMMIT</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Senate Finance Committee Chairman
+Lloyd Bentsen said he had been in touch with White House
+officials early on Tuesday on his proposal for an economic
+summit between Congress and the administration, but has yet to
+receive a response.
+    "I'm not at liberty to say what they're going to do yet," the
+Texas Democrat told an American Stock Exchange conference.
+"They're making up their minds."
+    Monday's stock market drop provides "additional leverage" for
+a meeting between White House officials and congressional
+leaders on trade and budget issues, Bentsen said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21056" NEWID="20461">
+<DATE>20-OCT-1987 13:33:18.08</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>veg-oil</D><D>trade</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2425&#31;reute
+b f BC-ASA-SLAMS-EC-OILSEED   10-20 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASA SAYS EC OILSEED POLICY ILLEGAL UNDER GATT</TITLE>
+<DATELINE>        LONDON, Oct 20 - </DATELINE><BODY>The American Soybean Association (ASA)
+denounced European Community (EC) oilseed policies as illegal
+under the General Agreement on Tariffs and Trade, and
+threatened to make an unfair trade complaint if the EC does not
+remedy the situation.
+    ASA Vice President James Adams told an ASA-sponsored
+Outlook 87 conference: "It will be filed unless the EC takes
+drastic and immediate steps."
+    "These subsidies are blatantly unfair and are GATT illegal,
+since they were established after the zero soybean duty was
+established in 1962," he said.
+    The ASA's unfair trade petition against the EC would ask
+for an investigation and modification of EC oilseed policies to
+make the regime non-discriminatory.
+    The EC in 1962 ruled all EC oilseed imports duty-free, in
+an effort to fill its oilseed needs. But EC oilseeds production
+has risen dramatically since then.
+    The EC now guarantees oilseed prices to farmers above world
+market levels and is considering implementing a controversial
+oils and fats tax.
+    The subsidies "are obvious attempts to circumvent the zero
+duty binding and that makes U.S. Farmers mad as hell," Adams
+said.
+    The ASA is confident the U.S. Congress will support its
+trade complaint, Adams said. The ASA also strongly opposes an
+EC proposal to tax vegetable and marine oils consumed in the
+EC, which will be considered by the EC Commission in December.
+    U.S. Soybean world market share has declined 35 pct in
+volume and 40 pct in value since 1982, primarily as a result of
+EC policies, Adams added.
+    Lord Plumb, European Parliament President and a speaker at
+the conference, said the EC expanded oilseed production in 1973
+when the U.S. Halted overseas sales of soy products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21057" NEWID="20462">
+<DATE>20-OCT-1987 13:33:38.61</DATE>
+<TOPICS><D>trade</D><D>livestock</D><D>carcass</D><D>sugar</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f2428&#31;reute
+r f BC-U.S.-TAKES-TOUGH-STAN   10-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TAKES TOUGH STAND ON GATT FARM ISSUES</TITLE>
+<AUTHOR>    By Lisa Vaughan</AUTHOR>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>The United States is prepared to "pull out
+all the stops" to defend its agricultural trade rights under the
+General Agreement on Tariffs and Trade (GATT), U.S. Ambassador
+to GATT Michael Samuels said.
+    Those rights are now being challenged by the European
+Community's (EC) agricultural support policies, he told a
+conference sponsored by the American Soybean Association.
+    He reiterated Washington's firm intention to retaliate if
+the EC goes ahead and bans imports of hormone-fed beef without
+the issue being investigated by a GATT special committee.
+    The U.S. claims the EC directive, due to come into effect
+on January 1, threatens to cut 100 mln dlrs worth of U.S. meat
+shipments into the EC.
+    The U.S. also will oppose all EC efforts to impair U.S.
+trade via the EC oilseeds regime, which supports EC oilseed
+prices over the current market level and which may be extended
+to include a hotly disputed oils and fats tax, Samuels said.
+    Reduction of trade-distorting world agricultural subsidies,
+an aim of most key participants in GATT multilateral trade
+negotiations, "is meaningless if import barriers continue to be
+erected," Samuels said.
+    Samuels called the U.S. plan to eliminate world farm
+subsidies by the year 2000, proposed at GATT in July, "visionary"
+and "very serious."  The EC and Japan have said it is
+unrealistic.
+    The EC Commission this month announced its draft proposal
+on farm trade reform, expected to be tabled at GATT formally
+next week.
+    The EC scheme involves emergency measures to reduce
+tensions in troubled surplus sectors of cereals and cereals
+substitutes, dairy and sugar. It also calls for reduction of
+farm subsidies.
+    The U.S. Is not opposed to short-term measures, as long as
+they are directly linked to long-term commitments to end major
+trade distortions, Samuels said.
+    Washington will review the EC proposal when it is formally
+submitted and respond to it officially then.
+    "We will consider its relation to the Punta del Este
+declaration to correct trade problems and expand market access,"
+the U.S. Ambassador said.
+    The U.S. can say no to the EC proposal if the EC ignores
+the U.S. plan when it tables its own proposal, he added.
+    The key difference between the two approaches is that the
+U.S. wants farm subsidies eliminated, while the EC is pushing
+only for a reduction in farm suppports, Samuels said.
+    If the EC farm budget were protected by a subsidy freeze,
+there would be little incentive for the Community to work to
+correct the international trade situation, he added.
+    Samuels cited the animal hormones complaint, the EC
+oilseeds regime and an EC regulation concerning meat imports to
+third countries as three crucial barriers to trade which the
+U.S. wants to see resolved under the auspices of GATT.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21058" NEWID="20463">
+<DATE>20-OCT-1987 13:34:06.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2432&#31;reute
+b f BC-US-WEST-INC-&lt;USW>-3RD   10-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US WEST INC &lt;USW> 3RD QTR NET</TITLE>
+<DATELINE>    DENVER, Oct 20 -
+    </DATELINE><BODY>Shr 1.46 dlrs vs 1.41 dlrs
+    Net 277.5 mln vs 268.3 mln
+    Sales 2.13 billion vs 2.14 billion
+    Avg shrs 189.8 mln vs 189.8 mln
+    Nine mths
+    Shr 3.95 dlrs vs 3.78 dlrs
+    Net 750.5 mln vs 718.4 mln
+    Sales 6.28 billion vs 6.22 billion
+    Avg shrs 189.9 mln vs 190.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21059" NEWID="20464">
+<DATE>20-OCT-1987 13:34:56.67</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM Y 
+&#22;&#22;&#1;f2437&#31;reute
+b f AM-GULF-AMERICAN-2NDLD URGENT  10-20 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US WARNS IRAN, BEGINS ESCORTING TANKER CONVOY</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The United States warned Iran again 
+that it was ready to retaliate for any further hostile military
+action in the Gulf as U.S. warships began escorting another
+tanker convoy southward from Kuwait.
+    U.S. Defense Secretary Caspar Weinberger said the U.S.
+sought no further Gulf hostitilies but was ready to deal with
+any Iranian response to Monday's attack on an Iranian oil rig.
+    Several hours later, the Pentagon announced that U.S.
+warships had begun escorting two U.S. flag Kuwaiti tankers --
+the 80,000 ton product carrier Ocean City and 46,000 ton
+liquified petroleum tanker Gas King -- southward from Kuwait.
+    The Defense Department said the 12th such convoy of U.S.
+flagged Kuwaiti tankers through the Gulf began at 0230 EDT
+under the escort by the U.S. guided missile frigate Ford. It
+did not say what oth U.S. warships were in the area.
+    "It (the convoy) is now progressing uneventfully in the
+central Gulf," the Pentagon statement said.
+    Asked on NBC's "Today" program if the United States was
+prepared for a major war with Iran, Weinberger said, "Well we
+are prepared I think for whatever eventualities emerge from
+this situation but we don't look on it as a war."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21060" NEWID="20465">
+<DATE>20-OCT-1987 13:35:27.00</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>papua-new-guinea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ico-coffee</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f2438&#31;reute
+u f BC-ICO-EXECUTIVE-BOARD-T   10-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICO EXECUTIVE BOARD TO MEET EARLY NOVEMBER</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>The International Coffee Organization
+(ICO) Executive Board is to hold a meeting on November 3/4, its
+first since export quotas were re-introduced early this month.
+    An ICO spokesman said the session, for the first time under
+the chairmanship of Bruno Caron of France, will review the
+market situation and the operation of quotas.
+    On November 5 the six exporters making up the ICO Board of
+Management of the Promotion Fund will review its program for
+the 1987/88 year (Oct/Sept) and items left over from 1986/87.
+    On November 2 a six nation working group will consider
+stock verification in Papua New Guinea.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21061" NEWID="20466">
+<DATE>20-OCT-1987 13:36:54.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2444&#31;reute
+u f BC-ALLEGIS-&lt;AEG>-TO-REPU   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGIS &lt;AEG> TO REPURCHASE UP TO 5 MLN SHARES</TITLE>
+<DATELINE>    CHICAGO, Oct 20 - </DATELINE><BODY>Allegis Corp said it plans to repurchase
+up to five mln of its common shares.
+    The company said the buyback plan was established to take
+advantage of market conditions.
+    It said the timing and volume of the repurchases will
+depend on market conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21062" NEWID="20467">
+<DATE>20-OCT-1987 13:37:41.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2447&#31;reute
+u f BC-GUINNESS-COMPLETES-UN   10-20 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUINNESS COMPLETES UNIT SALES WORTH 232.6 MLN STG</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>Guinness Plc &lt;GUIN.L> said it has
+completed the sale of subsidiaries &lt;Martin CTN Group Plc> and
+&lt;Drummonds Pharmacy Group Plc>.
+    Total consideration was 232.6 mln stg, subject to
+adjustment on final audit, which is expected to add 12 mln stg,
+Guinness said.
+    Martins has been sold to &lt;Panfida Ltd> an Australian
+investment company, and Drummonds to &lt;Macarthy Plc>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21063" NEWID="20468">
+<DATE>20-OCT-1987 13:38:07.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2451&#31;reute
+u f BC-NORTH-SIDE-SAVINGS-BA   10-20 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTH SIDE SAVINGS BANK &lt;NSBK.O> 4TH SEPT 30</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 42 cts vs 35 cts
+    Net 1,540,000 vs 1,289,000
+    Year
+    Shr 1.59 dlrs vs 63 cts
+    Net 5,849,000 vs 3,980,000
+    NOTE: 1987 year excludes 1,814,000 dlrs for tax credits.
+1986 4th qtr and year excludes a gain of 995,000 dlrs and
+2,928,000 dlrs, respectively, for tax credits. 1986 per share
+amounts caclulted from April 15, 1986, to septebmer 30, the
+date of bank's conversion to stock ownership.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21064" NEWID="20469">
+<DATE>20-OCT-1987 13:38:16.77</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L 
+&#22;&#22;&#1;f2452&#31;reute
+r f BC-LYNG-DEFENDS-U.S.-EXP   10-20 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG DEFENDS U.S. EXPORT SUBSIDY PROGRAM</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>U.S. Agriculture Secretary Richard
+Lyng said the United States will continue its policy of
+subsidizing farm exports to regain lost markets until there is
+a global agreement to end such subsidies.
+    In an interview with Reuters, Lyng also acknowledged he was
+troubled by the prospect that the export enhancement program
+(EEP) could prove so indispensable to boosting U.S. exports
+that the U.S. would have difficulty abandoning it.
+    "Yes, I'm troubled with that a little bit," he said. "There's
+no question about it, the longer you feed the calf on the cow,
+the longer it is to wean it."
+    In recent months, USDA has offered subsidies on a growing
+list of commodities to an increasing number of countries.
+    Lyng called U.S. and European Community export subsidies
+"just plain nonsensical as a long-term policy" and said he saw an
+end to the expansion of the EEP.
+    "I'm sure there's an end to the expansion, but we are doing
+this to accomplish our goal which is to regain the markets that
+we've lost, to keep our products competitive and to let those,
+particularly the European Community, who, we are convinced, are
+the worst offenders in terms of the export subsidization, that
+we are prepared to continue to do this until we can come to
+some agreement to put an end to it," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21065" NEWID="20470">
+<DATE>20-OCT-1987 13:38:50.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2456&#31;reute
+r f BC-ATHEY-PRODUCTS-CORP-&lt;   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATHEY PRODUCTS CORP &lt;ATPC.O> 3RD QTR NET</TITLE>
+<DATELINE>    RALEIGH, N.C., Oct 20 -
+    </DATELINE><BODY>Shr 40 cts vs 23 cts
+    Net 1,173,859 vs 672,824
+    Revs 11.0 mln vs 9,857,707
+    Nine mths
+    Shr 1.03 dlrs vs 56 cts
+    Net 2,986,823 vs 1,637,559
+    Revs 31.5 mln vs 27.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21066" NEWID="20471">
+<DATE>20-OCT-1987 13:39:29.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2459&#31;reute
+r f BC-NATURE'S-SUNSHINE-PRO   10-20 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATURE'S SUNSHINE PRODUCTS INC &lt;AMTC.O> 3RD QTR</TITLE>
+<DATELINE>    SPANISH FORK, Utah, Oct 20 -
+    </DATELINE><BODY>Shr 30 cts vs 10 cts
+    Net 560,000 vs 177,000
+    Revs 9,700,000 vs 7,700,000
+    Avg shrs 1,877,203 vs 1,839,752
+    Nine mths
+    Shr 80 cts vs 28 cts
+    Net 1,480,000 vs 524,000
+    Revs 28.3 mln vs 22.8 mln
+    Avg shrs 1,854,478 vs 1,899,769
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21067" NEWID="20472">
+<DATE>20-OCT-1987 13:40:11.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2461&#31;reute
+r f BC-HOLIDAY-&lt;HIA>-UNIT-OF   10-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOLIDAY &lt;HIA> UNIT OFFERS NEW DEBT FOR OLD DEBT</TITLE>
+<DATELINE>    NEW YORK - </DATELINE><BODY>Holiday Corp said its unit Holiday Inns Inc has
+started exchange offers for all of the 150 mln dlrs of
+outstanding 8-3/8 pct notes of 1996 and all 75 mln dlrs of
+outstanding 14-1/8 pct notes of 1992.
+    Holiday Inns will issue 1,000 dlr principal amount of new
+9-1/8 pct notes due 1993 for each 1,000 dlr face amount of
+8-3/8s, and 1,000 dlr principal amount of new 14-1/2 pct notes
+due 1992 for each 1,000 dlr face amount of 14-1/8s.
+    The Holiday unit is seeking approval of amendments to the
+indentures of the outstanding notes for the exchange offers.
+The exchange offers end at 1700 EST (2100 GMT) November 17.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21068" NEWID="20473">
+<DATE>20-OCT-1987 13:41:14.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2465&#31;reute
+r f BC-LEGG-MASON-INC-&lt;LM>-2   10-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEGG MASON INC &lt;LM> 2ND QTR NET</TITLE>
+<DATELINE>    BALTIMORE, Md, Oct 20 -
+    </DATELINE><BODY>Shr 35 cts vs 32 cts
+    Net 3,033,000 vs 2,189,000
+    Revs 56.2 mln vs 31.9 mln
+    Avg shrs 8,649,000 vs 6,914,000
+    Six mths
+    Shr 63 cts vs 72 cts
+    Net 5,450,000 vs 4,966,000
+    Revs 108.6 mln vs 66.3 mln
+    Avg shrs 8,655,000 vs 6,912,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21069" NEWID="20474">
+<DATE>20-OCT-1987 13:41:36.43</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2469&#31;reute
+u f BC-SOVIET-1988-OIL-OUTPU   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET 1988 OIL OUTPUT TARGET AT 625 MLN TONNES</TITLE>
+<DATELINE>    MOSCOW, Oct 20 - </DATELINE><BODY>The Soviet oil production target for 1988
+has been set at 625 mln tonnes, a rise of eight mln tonnes over
+this year's planned output.
+    Oil Minister Vasily Dinkov announced the figure on Tuesday
+at the Supreme Soviet, the country's nominal parliament.
+    He said a new development strategy, fuller use of oil
+deposits and better housing and pay for oilmen had allowed an
+upsurge in the oil industry after three years of stagnation
+which began in late 1983.
+    Last year the Soviet Union produced 615 mln tonnes of oil,
+slightly short of the target of 616.7 mln.
+    January-September figures released at the weekend showed
+Soviet oil output in the first nine months of this year at 467
+mln tonnes. The 1987 target is 617 million.
+    Dinkov said the Soviet Union would develop 38 new oil
+deposits in the coming year. He called for speedier geolog
+prospecting across the country to spur the oil industry.
+    The Supreme Soviet convened on Monday to endorse the 1988
+budget and plan. The session is expected to end on Tuesday.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21070" NEWID="20475">
+<DATE>20-OCT-1987 13:42:32.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f2476&#31;reute
+r f BC-AHMANSON-&lt;AHM>-NET-LO   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AHMANSON &lt;AHM> NET LOWER ON LOAN SALE DECLINE</TITLE>
+<DATELINE>    LOS ANGELES, Oct 20 - </DATELINE><BODY>H.F. Ahmanson and Co, parent of Home
+Savings of America, said its third quarter earnings declined as
+a result of its decision in the second quarter to curtail sales
+of loans and mortgage-backed securities.
+    As a result, after-tax gains on sales of loans and
+mortgage-backed securities accounted for 28 pct of its third
+quarter net, compared to 82 pct in last year's third quarter.
+    The company reported third quarter income of 40.3 mln dlrs,
+or 41 cts per share, down from 78.9 mln dlrs, or 80 cts per
+share, a year ago.
+   
+    The company said third qurter loan sales totaled 366 mln
+dlrs, inlcuding 290 mln dlrs of adjustable rate mortgage
+instruments, generating after-tax gains of 11.2 mln dlrs. This
+compares with year ago loan sales of 2.29 billion dlrs,
+generating after-tax gains of 65.1 mln dlrs.
+    Third quarter loan originations totaled a record 3.48
+billion dlrs, up 29 pct frrm 2.69 billion dlrs a year ago,
+reflecting record loan fundings and the reduced loan sales.
+    Ahmanson said monthly adjustable rate loans accounted for
+85.8 pct of the real estate loans and mortgage-backed
+securities, up from 77.6 pct a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21071" NEWID="20476">
+<DATE>20-OCT-1987 13:42:46.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2478&#31;reute
+r f BC-DYNCORP-&lt;DYN>-3RD-QTR   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DYNCORP &lt;DYN> 3RD QTR NET</TITLE>
+<DATELINE>    MCLEAN, Va., Oct 20 -
+    </DATELINE><BODY>Shr 32 cts vs 35 cts
+    Net 3,446,000 vs 3,789,000
+    Revs 220.9 mln vs 186.9 mln
+    Nine mths
+    Oper shr 77 cts vs 71 cts
+    Oper net 8,301,000 vs 7,298,000
+    Revs 634.3 mln vs 535.1 mln
+    NOTE: 1987 nine mths net excludes 3,510,000 dlr charge from
+antitrust litigation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21072" NEWID="20477">
+<DATE>20-OCT-1987 13:42:56.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2480&#31;reute
+r f BC-AMERICAN-FILTRONA&lt;AFI   10-20 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN FILTRONA&lt;AFIL.O> TO BUY BACK STOCK</TITLE>
+<DATELINE>    RICHMOND, Va, Oct 20 - </DATELINE><BODY>American Fltrona Corp said its board
+authorized the repurchase of up to 100,000 shares of company's
+stock for use in the its employee benefit plans and for other
+general corporate purposes.
+    The company had 3,690,000 shares outstanding as of
+September 30.
+    American also said it declared a regular quarterly dividend
+of 19 cts a share payable November 25 to shareholders of record
+November 10.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21073" NEWID="20478">
+<DATE>20-OCT-1987 13:43:00.84</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2481&#31;reute
+b f BC-ECOLAB-INC-3RD   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ECOLAB INC 3RD QTR OPER SHR 16 CTS VS 34 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21074" NEWID="20479">
+<DATE>20-OCT-1987 13:45:16.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2489&#31;reute
+d f BC-FROZEN-FOOD-EXPRESS-&lt;   10-20 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FROZEN FOOD EXPRESS &lt;FEXP.O> 3RD QTR NET</TITLE>
+<DATELINE>    DALLAS, Oct 20 -
+    </DATELINE><BODY>Shr 54 cts vs 44 cts
+    Net 706,111 vs 579,576
+    Revs 21.7 mln vs 23.2 mln
+    Nine mths
+    Shr 1.26 dlrs vs 44 cts
+    Net 1,657,634 vs 582,001
+    Revs 63.1 mln vs 68.6 mln
+    NOTE: Full name of company is Frozen Food Express
+Industries Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21075" NEWID="20480">
+<DATE>20-OCT-1987 13:45:39.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2491&#31;reute
+d f BC-ASTROCOM-CORP-&lt;ACOM.O   10-20 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASTROCOM CORP &lt;ACOM.O> 3RD QTR NET</TITLE>
+<DATELINE>    ST. PAUL, Minn, Oct. 20 -
+    </DATELINE><BODY>Shr loss four cts vs profit four cts
+    Net loss 93,574 vs profit 100,469
+    Revs 3,125,532 vs 3,253,239
+    Nine mths
+    Shr loss three cts vs profit seven cts
+    Net loss 67,184 vs profit 179,116
+    Revs 9,125,965 vs 9,284,055
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21076" NEWID="20481">
+<DATE>20-OCT-1987 13:46:25.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2494&#31;reute
+d f BC-EMPIRE-OF-CAROLINA-&lt;E   10-20 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMPIRE OF CAROLINA &lt;EMP> IN RESTRUCTURING</TITLE>
+<DATELINE>    TARBORO, N.C., Oct 20 - </DATELINE><BODY>Empire of Carolina Inc said it
+plans to streamline operations, which will result in an
+approximate 20 pct reduction of manufacturing management and
+support personnel.
+    The company said it expects to increase production
+personnel by a like amount of people.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21077" NEWID="20482">
+<DATE>20-OCT-1987 13:46:31.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2495&#31;reute
+s f BC-K-MART-CORP-&lt;KM>-SETS   10-20 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>K MART CORP &lt;KM> SETS QTLY DIVIDEND</TITLE>
+<DATELINE>    TROY, Mich., Oct. 20 -
+    </DATELINE><BODY>Qtly div 29 cts vs 29 cts prior qtr
+    Pay Dec 7
+    Record Nov 19
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21078" NEWID="20483">
+<DATE>20-OCT-1987 13:48:23.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2501&#31;reute
+f f BC-WELLS-FARGO-SAI   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WELLS FARGO SAID IT RAISED ITS QUARTERLY DIVIDEND TO 50 CTS FROM 39 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21079" NEWID="20484">
+<DATE>20-OCT-1987 13:49:06.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2506&#31;reute
+u f BC-G-7-MEETING-UNLIKELY   10-20 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 MEETING UNLIKELY - ITALIAN TREASURY OFFICIAL</TITLE>
+<DATELINE>    ROME, Oct 20 - </DATELINE><BODY>A senior treasury ministry official said an
+early meeting of Group of Seven (G-7) finance ministers was
+unlikely following the sharp fall in stock markets around the
+world.
+    "I do not think a G-7 meeting is imminent, because the
+agreements made at the last meeting at the end of September in
+Washington remain valid," Antonio Pedone, economic adviser to
+Treasury Minister Giuliano Amato, said in an interview on
+Italian state radio.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21080" NEWID="20485">
+<DATE>20-OCT-1987 13:50:26.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>sweden</D><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2517&#31;reute
+d f BC-ERICSSON-SELLS-OFFICE   10-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERICSSON SELLS OFFICE MACHINE DIVISION</TITLE>
+<DATELINE>    STOCKHOLM, Oct 20 - </DATELINE><BODY>Telefon AB L M Ericsson &lt;ERIC.ST> said
+it would sell its office machinery unit, with a turnover of two
+billion crowns, to Norway's &lt;Norska Design Funktion A/S>.
+    Ericsson Information Systems, of which the unit is a part,
+said in a statement a decision would be reached in November
+about when the Norwegian firm would take over the operation.
+    No price was given for the deal.
+    EIS managing director Stig Larsson said the deal would
+allow EIS to concentrate on voice and data communication
+products.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21081" NEWID="20486">
+<DATE>20-OCT-1987 13:52:44.63</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2530&#31;reute
+b f BC-PACIFIC-STOCK-E   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PACIFIC STOCK EXCHANGE SAYS ITS HALTED TRADING IN 30 OPTIONS ISSUES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21082" NEWID="20487">
+<DATE>20-OCT-1987 13:53:26.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2534&#31;reute
+f f BC-BALLY-MANUFACTU   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BALLY MANUFACTURING CORP SAYS WILL REPURCHASE UP 25 MLN DLRS OF STOCK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21083" NEWID="20488">
+<DATE>20-OCT-1987 13:53:55.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2536&#31;reute
+u f BC-ARMOR-ALL-PRODUCTS-CO   10-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARMOR ALL PRODUCTS CORP &lt;ARMR.O> 2ND QTR SEPT 30</TITLE>
+<DATELINE>    IRVINE, Calif., Oct 20 -
+    </DATELINE><BODY>Shr 14 cts vs 13 cts
+    Net 2,867,.000 vs 2,723,000
+    Revs 18.9 mln vs 19.1 mln
+    1st half
+    Shr 39 cts vs 32 cts
+    Net 8,139,000 vs 6,709,000
+    Revs 47.3 mln vs 44.5 mln
+    NOTE: Affiliate of McKesson Corp &lt;MCK>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21084" NEWID="20489">
+<DATE>20-OCT-1987 13:54:11.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2537&#31;reute
+h f BC-GOODMAN-FIELDER-HAS-2   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOODMAN FIELDER HAS 29.9 PCT OF RANKS HOVIS</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>Goodman Fielder Ltd &lt;GOOW.S> of Australia
+said in a statement that it had acquired 31 mln ordinary shares
+in Ranks Hovis McDougall Plc &lt;RHML.L> (RHM), bringing its stake
+in the company to 29.9 pct or 101 mln ordinary shares.
+    Goodman said it has no intention of making a full bid for
+the company and would not contemplate doing so over the next
+six months in the absence of a material change in the
+circumstances of Ranks.
+    RHM said it regards the stake build-up as a hostile move
+which is unwelcome and not in the long term interest of
+shareholders.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21085" NEWID="20490">
+<DATE>20-OCT-1987 13:54:25.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2539&#31;reute
+r f BC-MULTIBANK-FINANCIAL-C   10-20 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULTIBANK FINANCIAL CORP &lt;MLTF.O> 3RD QTR NET</TITLE>
+<DATELINE>    DEDHAM, Mass., Oct 20 -
+    </DATELINE><BODY>Shr 60 cts vs 54 cts
+    Net 5,726,000 vs 4,623,000
+    Avg shrs 9,538,260 vs 8,598,198
+    Nine mths
+    Shr 1.61 dlrs vs 1.35 dlrs
+    Net 15.0 mln vs 11.5 mln
+    Avg shrs 9,277,440 vs 8,486,590
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21086" NEWID="20491">
+<DATE>20-OCT-1987 13:54:48.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2541&#31;reute
+b f BC-CITICORP-&lt;CCI>-TO-REP   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITICORP &lt;CCI> TO REPURCHASE COMMON</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Citicorp said its board has authorized
+the repurchase of up to five mln common shares, before a
+two-for-one stock split that takes effect November 10.
+    The company now has about 158.3 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21087" NEWID="20492">
+<DATE>20-OCT-1987 13:55:45.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>lyng</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2544&#31;reute
+r f BC-LYNG-OPTIMISTIC-U.S.   10-20 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYNG OPTIMISTIC U.S. FUTURES MARKETS HEALTHY</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>U.S. commodity markets should not
+suffer any long-term ill effects from Monday's financial
+turmoil, Agriculture Secretary Richard Lyng said.
+    "I think traditionally that commodity markets have moved
+separately from the equity shares, so I wouldn't think that
+this would have any long-term effect," Lyng told Reuters in an
+interview.
+    Most commodity futures prices declined on Monday, some
+sharply, largely in response to plummeting stock prices. Many
+futures prices rallied on Tuesday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21088" NEWID="20493">
+<DATE>20-OCT-1987 13:55:54.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2545&#31;reute
+r f BC-USP-REAL-ESTATE-INVES   10-20 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USP REAL ESTATE INVESTMENT TRUST &lt;USPTS.O> 3RD</TITLE>
+<DATELINE>    CEDAR RAPIDS, Iowa, Oct 20 -
+    </DATELINE><BODY>Shr eight cts vs 10 cts
+    Qtly div 30 cts vs 30 cts prior
+    Net 204,064 vs 245,931
+    Nine mths
+    Shr 1.14 dlrs vs 52 cts
+    Net 2,850,042 vs 1,291,047
+    NOTE: 1987 and 1986 nine mths includes a net gain on sale
+of assets of 2,258,206 dlrs or 90 cts a share and 459,503 dlrs,
+respectively. Dividend payable November 13 to shareholders or
+record October 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21089" NEWID="20494">
+<DATE>20-OCT-1987 13:56:33.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2548&#31;reute
+r f BC-LINCOLN-FINANCIAL-COR   10-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINCOLN FINANCIAL CORP &lt;LFIN.O> 3RD QTR NET</TITLE>
+<DATELINE>    FORT WAYNE, Ind, Oct 20 -
+    </DATELINE><BODY>Shr 61 cts vs 64 cts
+    Net 3,430,000 vs 3,091,000
+    Nine mths
+    Shr 1.81 dlrs vs 1.73 dlrs
+    Net 10,185,000 vs 8,038,000
+    Assets 1.64 billion vs 1.45 bilion
+    Deposits 1.27 billion vs 1.15 billion
+    Loans 1.03 billion vs 838.5 mln
+    Note: 1986 figures restated to reflect pooling of interests
+transactions with Angola State Bank and Shipshewana State Bank
+and an October 1986 three-for-one stock split
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21090" NEWID="20495">
+<DATE>20-OCT-1987 13:56:56.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2551&#31;reute
+r f BC-EXOVIR-&lt;XOVR.O>-TO-BU   10-20 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EXOVIR &lt;XOVR.O> TO BUYBACK SHARES</TITLE>
+<DATELINE>    GREAT NECK, N.Y., Oct 20 - </DATELINE><BODY>Exovir Inc said its board
+authorized the purchase of up to one mln dlrs of its common
+stock.
+    The dollar amount represents approximately 120,000 shares,
+the company said. Exovir has about three mln common shares
+outstanding.
+    The company said it believed its stock was substantially
+undervalued.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21091" NEWID="20496">
+<DATE>20-OCT-1987 13:57:17.34</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>lawson</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2552&#31;reute
+u f BC-LAWSON-SAYS-U.S.-WEST   10-20 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SAYS U.S.-WEST GERMAN ROW WAS UNNECESSARY</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson said the recent dispute between the United States and
+West Germany over economic policy was responsible for much
+financial turmoil and that it should never have happened.
+    He said in a television interview the dispute had fanned
+fears of a breakdown in the cooperation which is so important
+between finance ministers of the major nations.
+    He said the dispute was a row which should not have
+happened and agreed that much of the blame lay with U.S.
+Treasury Secretary James Baker who had publicly criticised West
+Germany for having raised its key interest rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21092" NEWID="20497">
+<DATE>20-OCT-1987 13:57:24.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2553&#31;reute
+r f BC-REPUBLIC-AMERICAN-COR   10-20 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC AMERICAN CORP &lt;RAWC.O> 3RD QTR NET</TITLE>
+<DATELINE>    ENCINO, Calif, Oct 20 -
+    </DATELINE><BODY>Oper shr 36 cts vs 25 cts
+    Oper net 7,100,00 vs 5,700,000
+    Avg shrs 20.0 mln vs 22.8 mln
+    Nine mths
+    Oper shr 1.03 dlrs vs 73 cts
+    Oper net 21.3 mln vs 15.2 mln
+    Avg shrs 20.7 mln vs 20.9 mln
+    NOTE: 1986 net excludes realized capital gains of 2,300,000
+dlrs in quarter and 22.6 mln dlrs in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21093" NEWID="20498">
+<DATE>20-OCT-1987 13:57:46.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2555&#31;reute
+d f BC-KENT-ELECTRONICS-CORP   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENT ELECTRONICS CORP &lt;KEC> 2ND QTR SEPT 26 NET</TITLE>
+<DATELINE>    HOUSTON, Oct 20 -
+    </DATELINE><BODY>Shr 14 cts vs seven cts
+    Net 348,000 vs 135,000
+    Revs 6,328,000 vs 4,117,000
+    Avg shrs 2,558,400 vs 1,884,200
+    Nine mths
+    Shr 29 cts vs 20 cts
+    Net 640,000 vs 313,000
+    Revs 12.0 mln vs 8,719,000
+    Avg shrs 2,226,600 vs 1,589,6000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21094" NEWID="20499">
+<DATE>20-OCT-1987 13:58:17.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2556&#31;reute
+d f BC-QMS-INC-&lt;AQM>-4TH-QTR   10-20 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QMS INC &lt;AQM> 4TH QTR OCT 2 NET</TITLE>
+<DATELINE>    MOBILE, Ala., Oct 20 -
+    </DATELINE><BODY>Shr 34 cts vs 29 cts
+    Net 3,188,000 vs 2,731,000
+    Revs 37.2 mln vs 25.4 mln
+    Avg shrs 9,474,000 vs 9,425,000
+    Year
+    Shr 92 cts vs 80 cts
+    Net 8,671,000 vs 7,492,000
+    Revs 119.4 mln vs 73.6 mln
+    Avg shrs 9,450,000 vs 9,410,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21095" NEWID="20500">
+<DATE>20-OCT-1987 13:59:05.95</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D><D>stoltenberg</D><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2561&#31;reute
+u f BC-BAKER-SEEN-WINNING-GE   10-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER SEEN WINNING GERMAN INTEREST RATES BATTLE</TITLE>
+<AUTHOR>    By Felix Dearden</AUTHOR>
+<DATELINE>    BONN, Oct 20 - </DATELINE><BODY>The United States appears to have won a
+transatlantic battle by forcing the Bundesbank to trim interest
+rates, European economists said.
+    But they added Washington set the stakes high by testing
+the limits of the Louvre accord while global stock markets were
+plunging.
+    West German Finance Minister Gerhard Stoltenberg and U.S.
+Treasury Secretary James Baker reaffirmed their commitment to
+currency stability at a secret meeting yesterday in Frankfurt,
+according to official statements released late Monday.
+    Only 13 hours after the statements were released, the
+Bundesbank reduced short-term interest rates by offering banks
+liquidity at a fixed bid rate of 3.80 pct, down from a 3.85 pct
+facility rate offered last week.
+    While the two ministers were meeting with Bundesbank
+president Karl Otto Poehl, the central bank had also added
+money market liquidity repeatedly, signalling it did not want a
+strong rise in the tender allocation rate on Tuesday.
+     "It's round one to the Americans, " said Richard Reid,
+senior European economist for brokers UBS/Philips and Drew in
+London.
+    But Reid added, "We shouldn't forget that it has taken one
+of the biggest stock market crashes in decades to get the West
+Germans to cut their security repurchase rate by a 0.05
+percentage point."
+    Over the weekend, criticism by Baker of earlier tightening
+of West German monetary policy led to a sharp dollar fall and
+fuelled speculation that the Louvre accord was no longer valid.
+    Six leading industrial nations agreed under February's
+Louvre Accord to stabilise currencies and coordinate monetary
+policies. It has since been reaffirmed by the Group of Seven -
+the US, Japan, West Germany, Britain, France, Italy and Canada.
+    The Frankfurt meeting on Monday soothed currency markets
+and the dollar gained over two pfennigs in after hours trading
+in New York. At the Frankfurt fixing on Tuesday, the dollar was
+quoted at 1.7918 marks compared with 1.7740 on Monday.
+    Guenther Aschoff, chief economist at Deutsche
+Genossenschaftbank in Frankfurt said massive declines on world
+stock markets had been the main reason for the fall in West
+German short-term interest rates on Tuesday.
+    "The Bundesbank wanted to set a marker after stock market
+losses... That was the responsible thing to do and if it fits
+with Baker's wishes, then all the better," he said.
+    No central bank wants to let interest rates rise, and the
+Bundesbank had been forced to put its rates up following rises
+in the U.S., Aschoff said.
+    Poehl told a conference in Frankfurt on Tuesday the central
+bank has no interest in higher capital market rates and he
+thought the global rate increase was a cause for concern.
+    Giles Keating, economist with Credit Suisse First Boston
+Ltd in London said "The cautious Bundesbank has beaten a retreat
+and Baker has won a battle...But he hasn't won the war as the
+security repurchase rate is still 20 points higher than it was
+before the IMF meeting last month in Washington."
+    Before the IMF meeting, when the Louvre Accord was
+reaffirmed, the Bundesbank was offering money market liquidity
+at 3.60 pct, Keating noted.
+    Economists said the United States now appeared to have
+agreed to play by the rules of the Louvre Accord and support
+the dollar in return for the German action on interest rates.
+    Any further sharp decline of the dollar would hinder
+Washington's efforts to reduce its trade deficit, Stoltenberg
+told a news conference on Tuesday. He added he would not rule
+out central banks of leading industrial countries intervening
+on exchange markets to defend the dollar's value.
+    Deutsche Genossenschaftbank's Aschoff stressed West
+Germany's heavy dependence on exports and the need for currency
+stability. In addition, both the U.S. And West German central
+banks were keen to avoid a dollar slide which would force them
+to again spend vast sums intervening to support the dollar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21096" NEWID="20501">
+<DATE>20-OCT-1987 13:59:26.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>peru</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f2563&#31;reute
+r f BC-PERUVIAN-GOVERNMENT-S   10-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERU STARTS PROCEEDINGS TO EXPROPRIATE BANKS</TITLE>
+<DATELINE>    LIMA, Oct 20 - </DATELINE><BODY>The government has begun judicial
+proceedings to expropriate five private banks under the recent
+nationalisation law, the official gazette said.
+    Advisories published in the official daily El Peruano said
+the Economy Ministry had begun court proceedings to expropriate
+the stock of the Banco de Lima, Banco Latino, Banco Mercantil,
+the Banco de Desarrollo de la Construccion and the Banco
+Financiero.
+    The owners of 10 private banks included in the law have
+said they would resist expropriation and riot police were used
+last week to install state administrators in the first two
+banks taken over.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21097" NEWID="20502">
+<DATE>20-OCT-1987 14:00:13.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2566&#31;reute
+r f BC-LA-PETITE-ACADEMY-INC   10-20 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LA PETITE ACADEMY INC &lt;LPAI.O> 3RD QTR NET</TITLE>
+<DATELINE>    KANSAS CITY, Oct 20 -
+    </DATELINE><BODY>Shr 13 cts vs nine cts
+    Net 2,062,000 vs 1,418,000
+    Revs 33.1 mln vs 26.9 mln
+    Nine mths
+    Shr 45 cts vs 33 cts
+    Net 7,053,000 vs 5,156,000
+    Revs 95.5 mln vs 75.7 mln
+    NOTE: Share adjusted for stock dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21098" NEWID="20503">
+<DATE>20-OCT-1987 14:00:39.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2567&#31;reute
+r f BC-CENTURI-&lt;CENT.O>-TO-B   10-20 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTURI &lt;CENT.O> TO BUY BACK ONE MLN SHARES</TITLE>
+<DATELINE>    BINGHAMTON, N.Y., Oct  20 - </DATELINE><BODY>Centuri Inc said it intends to
+buy up to one mln shares of its common stock.
+    The company has approximately 16 mln shares outstanding.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21099" NEWID="20504">
+<DATE>20-OCT-1987 14:01:09.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2569&#31;reute
+b f BC-/NYSE-SAYS-NO-MAJOR-F   10-20 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE SAYS NO MAJOR FIRMS REPORTING PROBLEMS</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>No major member firms of the New York
+Stock Exchange have reported any financial difficulties, NYSE
+vice president Richard Torrenzano said.
+    He said the only difficulty reported since the market fell
+500 points yesterday was the problem encountered by a small
+firm, H.B. Shaine and Co Inc of Grand Rapids, Mich. which
+ceased operations.
+    "Our systems are doing extremely well," he told reporters.
+    He said NYSE executives have been conferring with senior
+staff members at the White House and officials of the Federal
+Reserve, the Securities and Exchange Commission and other major
+Exchanges. He did not identify the officials.
+    In an effort to reduce the volatility in the market today,
+the NYSE temporarily suspended trading on the New York Futures
+Exchange. The NYFE reopened at 1315 EDT.
+    The NYSE said the reason for the suspension was that they
+were following the actions of other exchanges where futures
+were traded.
+    Traders expressed concern that further volatility caused by
+futures might threaten the financial health of other Wall
+Street firms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21100" NEWID="20505">
+<DATE>20-OCT-1987 14:01:22.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2571&#31;reute
+r f BC-RJR-NABISCO-&lt;RJR>-NAM   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR NABISCO &lt;RJR> NAMES TWO TO POSTS</TITLE>
+<DATELINE>    ATLANTA, Oct 20 - </DATELINE><BODY>RJR Nabisco Inc said it named Robert J.
+Carbonell to the post of vice chairman and Edward J. Robinson
+to the newly-created position of executive vice president,
+finance.
+    Carbonell, who had been senior executive vice president and
+chief administrative officer of RJR Nabisco, will be
+responsible for corporate technology, human resources and
+planning activities, the company said.
+    Robinson, who was formerly senior vice president, finance,
+and chief financial officer, will retain the latter title in
+his new position, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21101" NEWID="20506">
+<DATE>20-OCT-1987 14:01:27.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2572&#31;reute
+r f BC-TEVA-PHARMACEUTICAL-&lt;   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEVA PHARMACEUTICAL &lt;TEVIY.O> LISTED ON NASDAQ</TITLE>
+<DATELINE>     NEW YORK, Oct 20 - </DATELINE><BODY>Teva Pharmaceutical Industries Ltd said
+its shares are now quoted on the NASDAQ national market system.
+    The company said its shares previously were quoted on the
+Nasdaq national market list.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21102" NEWID="20507">
+<DATE>20-OCT-1987 14:02:12.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2575&#31;reute
+d f BC-TELECONCEPTS-CORP-&lt;TC   10-20 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELECONCEPTS CORP &lt;TCC> 3RD QTR NET</TITLE>
+<DATELINE>    NEWINGTON, Conn., Oct 20 -
+    </DATELINE><BODY>Shr profit 14 cts vs profit one ct
+    Net profit 502,251 vs profit 22,012
+    Sales 4,715,846 vs 3,731,900
+    Avg shrs 3,489,342 vs 3,288,720
+    Nine mths
+    Shr profit 19 cts vs loss 20 cts
+    Net profit 637,305 vs loss 658,398
+    Sales 12.2 mln vs 9,806,301
+    Avg shrs 3,439,065 vs 3,288,720
+    Backlog 1,726,150 vs 739,540
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21103" NEWID="20508">
+<DATE>20-OCT-1987 14:02:50.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2578&#31;reute
+u f BC-TEXACO-&lt;TX>-EXPECTS-T   10-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> EXPECTS TEXAS COURT TO HEAR CASE</TITLE>
+<DATELINE>    HOUSTON, Oct 20 - </DATELINE><BODY>Texaco Inc chairman Alfred DeCrane said
+the company anticipates that the Texas State Supreme Court will
+agree to hear its 10.3 billion dlr legal battle with Pennzoil
+Co &lt;PZL> over ownership of Getty Oil.
+    "We expect that the Texas Supreme Court will hear our case,
+will heed the voices of impartial third parties and will
+ultimately reverse this unjust decision and thus provide the
+simple basic justice that Texaco has asked for all along,"
+DeCrane said in a speech at a meeting of the International
+Association of Drilling Contractors.
+    DeCrane said he expected the Texas State Supreme Court to
+overturn a State Appeals Court ruling that found Texaco
+unlawfully interfered with Pennzoil's 1984 plan to acquire
+Getty Oil.
+    "This case has become much more than a quarrel between two
+companies," DeCrane said. "It presents a far broader threat to
+our economic system and to justice in America as we know it
+today."
+   
+    Settlement talks between the two oil companies to resolve
+the billion dlr lawsuit reportedly stalled earlier this year
+when the U.S. Securities and Exchange Commission filed a friend
+of the court brief in support of Texaco.
+    The agency claimed Pennzoil violated SEC rule 10B-13 which
+prohibits the purchase of shares privately at the same time a
+tender offer is outstanding.
+    DeCrane also said concerns expressed by 19 state attorneys
+general in the legal proceedings also favored Texaco's
+position.
+    "The bottom line is that the SEC had intervened to insure
+that its rule are interpreted properly in the interest of
+millions of private stockholders around the country who might
+some day find themselves the victim of this same kind of
+manipulation," DeCrane told the oilmen.
+    He warned that if the state appeals court judgment was
+upheld in Pennzoil's favor, it would "send out of state
+businesses fleeing from Texas in droves."
+    Texaco filed for protection under Chapter 11 of the U.S.
+bankruptcy code last April after a state appeals court upheld
+Pennzoil's 10.3 billion dlr judgment.
+   
+    Texaco's appeal of the decision to the Texas State Supreme
+Court has been pending for several weeks and the court is
+expected to decide soon whether it will agree to review the
+lower court ruling.
+    If the Texas State Supreme Court does not hear the case,
+Texaco has said it will take its case to the U.S. Supreme
+Court.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21104" NEWID="20509">
+<DATE>20-OCT-1987 14:03:12.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2579&#31;reute
+u f BC-BALLY&lt;BLY>-SETS-STOCK   10-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY&lt;BLY> SETS STOCK BUYBACK UP TO 25 MLN DLRS</TITLE>
+<DATELINE>    CHICAGO, Oct 20 - </DATELINE><BODY>Bally Manufacturing Corp said it will
+repurchase up to 25 mln dlrs worth of its common stock in the
+open market or privately negotiated transactions
+    Company officials could not be reached immediately for
+comment on the reason for adopting the repurchase plan.
+    Bally's stock was at 12-1/8, down two points, in afternoon
+trade, following a slide of 5-5/8 points on Monday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21105" NEWID="20510">
+<DATE>20-OCT-1987 14:04:09.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2582&#31;reute
+u f BC-SHEARSON-&lt;SHE>-TO-BUY   10-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHEARSON &lt;SHE> TO BUYBACK UP TO 3 PCT OF STOCK</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Shearson Lehman Brothers Holdings Inc
+said it will repurchase up to three mln common shares or about
+three pct of its total common shares outstanding on a fully
+diluted basis.
+    The company said the recent decline in the market price of
+its shares presented an attractive investment opportunity and
+that the repurchase program would enhance shareholder value.
+    The shares will be repurchased in the open market from time
+to time based on market conditions, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21106" NEWID="20511">
+<DATE>20-OCT-1987 14:04:18.88</DATE>
+<TOPICS><D>trade</D><D>livestock</D><D>carcass</D><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>luxembourg</D><D>argentina</D><D>spain</D><D>portugal</D><D>west-germany</D><D>japan</D><D>france</D><D>canada</D></PLACES>
+<PEOPLE><D>de-clercq</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L 
+&#22;&#22;&#1;f2583&#31;reute
+d f BC-EC-AGREES-TRADE-DEAL   10-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC AGREES TRADE DEAL WITH ARGENTINA</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 20 - </DATELINE><BODY>The European Community (EC) agreed a
+trade deal with Argentina designed to compensate the country
+following the entry of Spain and Portugal into the group, EC
+officials said.
+    Under the deal agreed by EC foreign ministers, Argentina
+will gain additional trading rights on a series of products
+including meat, fish and cereals by-products.
+    But ministers failed to agree on new trade deals with
+Canada and Japan and are due to study these again, the
+officials said.
+    The deal with Argentina was agreed by a majority of EC
+states after West Germany withdrew objections to increased
+quotas for Argentina on high-quality beef.
+    Ireland and France continued to oppose the deal on meat,
+saying that the main dispute was over sales of cereals
+substitutes, but they were outvoted by the other states, the
+officials said. Under the deal, Argentina will benefit from
+improved quotas on exports of beef to the EC. In particular the
+quota on high-quality Hilton beef will be raised by 4,500
+tonnes to 34,300 tonnes and quotas on frozen boneless beef will
+be increased by 3,000 tonnes to 53,000 tonnes.
+    Argentina will also benefit from an additional quota of
+5,000 tonnes of frozen hake fillets at 10 pct duty and reduced
+levies on 550,000 tonnes of wheat bran, the officials said.
+    The improved trade terms were offered after Argentina said
+that Spain and Portugal's entry into the EC affected their
+exports of cereals substitutes to these two countries. They
+have been negotiated under the rules of GATT (General Agreement
+on Tariffs and Trade).
+    But officials said ministers had been unable to resolve
+Canadian claims that its sales of certain fish to Spain had
+been affected by the country's EC membership.
+    Officials said the EC had asked GATT to arbitrate on the
+fish dispute with Canada.
+    Ministers also decided to continue talks with Japan. The EC
+claims that Spain and Portugal's entry into the group has
+improved trade conditions for Japan but has been unsatisfied
+with Japanese offers of compensation.
+    Japan's main offers were to improve inspection systems on
+citrus fruits to aid EC exports, to improve tariffs for some
+other farm produce, to increase tariffs for leather footwear
+and to offer better trade terms for Spain and Portugal.
+    EC External Trade Commissioner Willy De Clercq told
+journalists: "We maintain our position that the (Japanese)
+concessions were not enough."
+    "We hope that there will be an improvement," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21107" NEWID="20512">
+<DATE>20-OCT-1987 14:04:39.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2586&#31;reute
+u f BC-INTELOGIC-TRACE-&lt;IT>   10-20 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELOGIC TRACE &lt;IT> TO REPURCHASE SHARES</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, Oct 20 - </DATELINE><BODY>Intelogic Trace Inc said its
+board has authorized the repurchase of up to one mln of its
+14.9 mln common shares in the open market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21108" NEWID="20513">
+<DATE>20-OCT-1987 14:05:19.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2592&#31;reute
+u f BC-best-products-stock   10-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEST PRODUCTS &lt;BES> TO BUY TWO MLN OF ITS SHARES</TITLE>
+<DATELINE>    RICHMOND, Va., Oct 20 - </DATELINE><BODY>Best Products Co Inc said it plans
+to repurchase up to two mln shares of its common stock for
+employee benefit plans and general corporate purposes.
+    A company spokesman said no further details are available
+on the repurchase plan. He said the company now has about 27
+mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21109" NEWID="20514">
+<DATE>20-OCT-1987 14:08:05.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2610&#31;reute
+d f BC-WELLS-FARGO-AND-CO-&lt;W   10-20 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELLS FARGO AND CO &lt;WFC> RAISES QUARTERLY DIV</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 20 -
+    </DATELINE><BODY>Qtly div 50 cts vs 39 cts
+    Pay Jan 20
+    Record Dec 31
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21110" NEWID="20515">
+<DATE>20-OCT-1987 14:08:22.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2612&#31;reute
+d f BC-PETROLANE-PARTNERS-L.   10-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETROLANE PARTNERS L.P. &lt;LPG> 3RD QTR LOSS</TITLE>
+<DATELINE>    LONG BEACH, Calif., Oct 20 -
+    </DATELINE><BODY>Shr loss five cts vs profit six cts
+    Net loss 1.2 mln vs profit 1.4 mln
+    Revs 114.9 mln vs 109.3 mln
+    Nine months
+    Shr profit one dlrs vs profit 84 cts
+    Net profit 23.7 mln vs profit 19.9 mln
+    Revs 430.9 mln vs 435.4 mln
+    NOTE: Results are in pro forma form. Partnership became
+public on March 19, 1987. Previous results reported from Texas
+Eastern Corp's &lt;TET> Petrolane Inc domestic division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21111" NEWID="20516">
+<DATE>20-OCT-1987 14:08:37.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2613&#31;reute
+u f BC-PACIFIC-EXCHANGE-HALT   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC EXCHANGE HALTS TRADING ON SOME OPTIONS</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 20 - </DATELINE><BODY>The Pacific Stock Exchange said it
+has halted trading in the options of 30 stocks because of the
+conditions in the market in the underlying securities.
+    The exchange normally handles trading in the options of
+about 117 stocks, a spokeswoman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21112" NEWID="20517">
+<DATE>20-OCT-1987 14:09:10.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2617&#31;reute
+d f BC-VALERO-ENERGY-CORP-&lt;V   10-20 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALERO ENERGY CORP &lt;VLO> 3RD QTR LOSS</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, Oct 20 -
+    </DATELINE><BODY>Shr loss 1.31 dlrs vs loss 1.80 dlrs
+    Net loss 31.2 mln vs loss 42.6 mln
+    Revs 168.5 mln vs 147.3 mln
+    Nine mths
+    Shr loss 15 cts vs loss 4.32 dlrs
+    Net profit 3.2 mln vs loss 101 mln
+    REvs 446.1 mln vs 490.7 mln
+    NOTE: All periods toher than 1987 3rd qtr are pro forma.
+    NOTE: 1987 3rd qtr includes a 10.6 mln dlrs or 41 ct a
+share after-tax loss from discontinued operations mainly from
+sale of assets of oil and gas exploration and production
+subsidiary on September 30.
+    1987 3rd qtr also includes an extraordinary 11.4 mln dlrs
+or 45 cts a share for planned redemtion of company's 16-1/4 pct
+subordinated debentures.
+    1987 nine mths net includes a loss of 56.6 mln dlrs or 2.26
+dlrs a share for discontinued operations. 1987 per share loss
+is after deducting for preferred stock dividends.
+   
+    1987 nine mths net also includes after-tax gain of 44.3 mln
+dlrs or 1.74 dlrs per share for formation of Valero Natural Gas
+Partners L.P.
+    1986 3rd qtr includes after tax loss from discontinued
+operations of 31.5 mln dlrs or 1.26 dl share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21113" NEWID="20518">
+<DATE>20-OCT-1987 14:10:04.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2624&#31;reute
+h f BC-ZWEIG-FUND-&lt;ZF>-SAYS   10-20 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZWEIG FUND &lt;ZF> SAYS ASSET VALUE STILL HIGHER</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Zweig Fund said as of the market's close
+on October 19 its asset value was 9.67 dlrs per share, down
+from 10.29 dlrs before yesterday's large selloff but 13.7 pct
+ahead of asset value at the sart of 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21114" NEWID="20519">
+<DATE>20-OCT-1987 14:10:10.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2625&#31;reute
+a f BC-TO-FITNESS-&lt;TFIT.O>-S   10-20 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TO-FITNESS &lt;TFIT.O> SHARES TRADED SEPARATELY</TITLE>
+<DATELINE>    BAY HARBOUR ISLAND, Fla., Oct 20 - </DATELINE><BODY>To-Fitness Inc said its
+common and prefered stock comprising the units of the company
+will be traded separately commencing on Oct 21, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21115" NEWID="20520">
+<DATE>20-OCT-1987 14:10:25.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM 
+&#22;&#22;&#1;f2627&#31;reute
+f f BC-CANADA-500-MLN-DLRS-O   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>CANADA 500 MLN DLRS OF 5-YEAR BONDS AVERAGE YIELD 10.34 PCT - OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21116" NEWID="20521">
+<DATE>20-OCT-1987 14:10:38.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2628&#31;reute
+h f BC-BRITISH-AEROSPACE-WIN   10-20 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH AEROSPACE WINS SWISS DEAL</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>British Aerospace Plc &lt;BAEL.L> has won a
+150 mln stg contract to supply Switzerland with military
+equipment, including 20 Hawk Mk 66 advanced jet trainers.
+    The training and logistic package includes a &lt;Rediffusion
+Plc> Hawk flight simulator, a BAe spokesman said.
+     The first plane will be made in Britain and delivered to
+Switzerland by late 1989. The remaining 19 aircraft will be
+co-produced by BAe and Swiss industry with final assembly in
+Emmen, the spokesman said.
+    The Hawks will enter service in 1990, replacing the Swiss
+Air Force's British De Havilland Vampire jets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21117" NEWID="20522">
+<DATE>20-OCT-1987 14:11:36.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iraq</D><D>iran</D><D>uae</D></PLACES>
+<PEOPLE><D>perez-de-cuellar</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f2632&#31;reute
+u f BC-NEWSPAPER-REPORTS-REV   10-20 0126</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWSPAPER REPORTS REVISED UN PEACE PLAN DETAILS</TITLE>
+<DATELINE>    DUBAI, Oct 20 - </DATELINE><BODY>U.N. Chief Javier Perez de Cuellar is
+proposing a simultaneous ceasefire and inquiry into who started
+the Iran-Iraq war under a revised peace plan, an Arab newspaper
+reported on Tuesday.
+    The United Arab Emirates daily al-Khaleej published what it
+said was the text of his nine-point peace plan.
+    The Al-Khaleej text referred to a ceasefire date as D-day
+and stipulated, "On D-day, or another date to be agreed upon, an
+impartial body to enquire into responsibility for the conflict
+would start work." A choice could be made among existing bodies
+or an ad hoc body could be established, the text said.
+    The text also envisaged setting a deadline for the body to
+complete its work.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21118" NEWID="20523">
+<DATE>20-OCT-1987 14:11:58.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2636&#31;reute
+d f BC-AMERICAN-FILTRONA-COR   10-20 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN FILTRONA CORP &lt;AFIL.O> 3RD QTR</TITLE>
+<DATELINE>    RICHMOND, Va., Oct 20 -
+    </DATELINE><BODY>Shr 31 cts vs 36 cts
+    Net 1,156,000 vs 1,358,000
+    Revs 31.2 mln vs 28.6 mln
+    Nine mths
+    Shr 1.10 dlrs vs 1.20 dlrs
+    Net 4,064,000 vs 4,525,000
+    Revs 91.3 mln vs 86.4 mln
+    NOTE: 1987 3rd qtr includes a charge of 700,000 dlrs or 19
+cts a share for relocation costs for phase out some operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21119" NEWID="20524">
+<DATE>20-OCT-1987 14:12:01.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2637&#31;reute
+s f BC-AMERICAN-CYNAMID-CO-&lt;   10-20 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CYNAMID CO &lt;ACY> SETS DIVIDEND</TITLE>
+<DATELINE>    WAYNE, N.J., Oct 20 -
+    </DATELINE><BODY>Qtly div 26-1/4 cts vs 26-1/4 cts in prior qtr
+    Payable December 23
+    Record November 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21120" NEWID="20525">
+<DATE>20-OCT-1987 14:12:13.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2638&#31;reute
+d f BC-STANADYNE-&lt;STNA.O>-PU   10-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANADYNE &lt;STNA.O> PURCHASES AMBAC STAKE</TITLE>
+<DATELINE>    WINDSOR, Conn., Oct 20 - </DATELINE><BODY>Stanadyne Inc said it has acquired
+a substnatial majority of AMBAC S.p.A.'s outstanding stock from
+&lt;AIL Corp>, the successor to United Technologies Corp's &lt;UTX>
+Diesel Systems Division for undisclosed terms.
+    In addition to purchase a majority of the Brescia, Italy,
+based company, Stanadyne said, it acquired a minority interest
+in AMBAC's U.S. operation headquartered in Columbia, S.C.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21121" NEWID="20526">
+<DATE>20-OCT-1987 14:12:21.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2639&#31;reute
+u f BC-DEN-NORSKE-CREDITBANK   10-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEN NORSKE CREDITBANK LOAN LOSS CUT HELPS NET</TITLE>
+<DATELINE>    OSLO, Oct 20 - </DATELINE><BODY>Den Norske Creditbank (DNC) &lt;NCBO.OL>,
+Norway's biggest commercial bank, said it boosted its profits
+in 1987's first eight months by 32.3 pct after vigorously
+cutting loan losses and operating costs.
+    The bank showed a 300 mln crown net profit after provisions
+for losses and taxes in the period ending on August 31, against
+a 203 mln crown profit in the same year-ago period, it said.
+    DNC's biggest gains were seen in the domestic market, but
+some of its foreign exchange and securities units have been hit
+by sharply higher interest rates for the dollar and results
+remained unsatisfactory, it added.
+    Total assets rose to 132 billion crowns from 107.6 billion.
+    Although the group's operating profit dropped to 875 mln
+crowns compared with 986 mln a year-ago, the loss was countered
+by reducing the need to set aside capital to cover loan losses,
+it added.
+    "In 1986 DNC made substantial provisions for potential loan
+losses, particularly in the oil and shipping sectors...The need
+for write-offs in these sectors has now been substantially
+reduced," the bank said.
+    DNC, with extensive exposure in the oil industry, was hard
+hit by plunging crude prices last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21122" NEWID="20527">
+<DATE>20-OCT-1987 14:12:37.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2642&#31;reute
+d f BC-FAMILY-STEAK-HOUSES-O   10-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAMILY STEAK HOUSES OF FLORIDA INC &lt;RYFL.O> 3RD</TITLE>
+<DATELINE>    NEPTUNE BEACH, Fla., Oct 20 -
+    </DATELINE><BODY>Shr four cts vs two cts
+    Net 406,659 vs 210,575
+    Revs 6,028,263 vs 3,654,810
+    nine mths
+    Shr 11 cts vs seven cts
+    Net 1,151,988 vs 576,358
+    Revs 16.9 mln vs 9,684,002
+    Avg shrs 10.9 mln vs 8,632,800
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21123" NEWID="20528">
+<DATE>20-OCT-1987 14:13:25.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2647&#31;reute
+f f BC-CITIZENS-AND-SO   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CITIZENS AND SOUTHERN CORP 3RD QTR SHR 75 CTS VS 67 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21124" NEWID="20529">
+<DATE>20-OCT-1987 14:14:47.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2648&#31;reute
+d f BC-ECOLAB-INC-&lt;ECL>-3RD   10-20 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECOLAB INC &lt;ECL> 3RD QTR OPER SHR</TITLE>
+<DATELINE>    ST PAUL, Minn, Oct 20 -
+    </DATELINE><BODY>Oper shr 16 cts vs 34 cts
+    Oper net 4,255,000 vs 9,299,000
+    Revs 294.4 mln vs 155.7 mln
+    Nine mths
+    Oper shr 1.24 dlrs vs 1.06 dlrs
+    Oper net 33.0 mln vs 28.8 mln
+    Revs 740.5 mln vs 457.5 mln
+    NOTE: 1987 results include restructuring and non-recurring
+charge of 89 cts a share to restructure ChemLawn, acquired in
+April 1987, and other recent acquisitions. Results exclude gain
+on sale of discontinued operations of 97 mln dlrs or 3.60 dlrs
+a share in 1987 3rd qtr. Results also exclude income from
+discontinued operations of 3,063,000 dlrs in 1987 nine mths, of
+503,000 dlrs or two cts in 1986 3rd qtr, and 5,804,000 dlrs or
+21 cts in 1986 nine mths.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21125" NEWID="20530">
+<DATE>20-OCT-1987 14:15:57.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2651&#31;reute
+r f BC-UNITED-BRANDS-&lt;UB>-SE   10-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED BRANDS &lt;UB> SEES 3RD QTR NET UP</TITLE>
+<DATELINE>    CINCINNATI, Oct 20 - </DATELINE><BODY>United Brands Co said it expects to
+report substantially improved earnings for the third quarter
+over the year-ago 4,300,000 dlrs or 26 cts per share.
+    The company also said it has repurchased 695,000 common
+shares for about 28 mln dlrs from affiliate &lt;Great American
+Communications Co>.
+    The company said it has authorized the repurchase of an
+additional 750,000 common shares in market or private
+transactions from time to time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21126" NEWID="20531">
+<DATE>20-OCT-1987 14:16:12.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2652&#31;reute
+d f BC-MERCHANTS-NATIONAL-CO   10-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCHANTS NATIONAL CORP &lt;MCHN.O> 3RD QTR NET</TITLE>
+<DATELINE>    INDIANAPOLIS, Oct 20 -
+    </DATELINE><BODY>Shr 75 cts vs 64 cts
+    Net 11.0 mln vs 9,379,000
+    Nine mths
+    Shr 44 cts vs 1.78 dlrs
+    Net 6,411,000 vs 25.4 mln
+    NOTE: 1987 nine mths net reflects 30 mln dlr addition to
+Latin American loan loss provision.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21127" NEWID="20532">
+<DATE>20-OCT-1987 14:16:22.14</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f2653&#31;reute
+u f BC-LAWSON-SAYS-UK-INTERE   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON SAYS UK INTEREST RATE PROSPECTS UNCHANGED</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson said the collapse of British share prices this week held
+no implication so far for domestic interest rates.
+    He said in a television interview that "there is nothing in
+the events of the past few days to increase the upward pressure
+on (U.K.) interest rates."
+    Sterling has so far stayed solid during the crisis, backed
+by strong economic fundamentals and by 10 pct bank base lending
+rates, analysts said. Lawson's comments followed another
+frantic day in London's financial center, where British shares
+closed 12.2 pct down on the day.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21128" NEWID="20533">
+<DATE>20-OCT-1987 14:16:38.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2655&#31;reute
+r f BC-LORAL-CORP-&lt;LOR>-2ND   10-20 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LORAL CORP &lt;LOR> 2ND QTR SEPT 30</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 70 cts vs 53 cts
+    Net 17.3 mln vs 12.9 mln
+    Revs 336.9 mln vs 157.5 mln
+    Six mths
+    Shr 1.34 dlrs vs 1.07 dlrs
+    Net 33.0 mln vs 26.3 mln
+    Revs 654.7 mln vs 310.1 mln
+    Backlog 1.9 billion vs 851.8 mln
+   
+    NOTE: Year ago qtr and six mths included after net charge
+of about four cts per shr representing the difference between a
+gain on the sale of securities and the write-off of certain
+nonrecurring costs.
+    In addition, the six mths 1986 includes a 2.3 mln dlr gain
+on the sale of a unit and a one mln dlr writedown of a minority
+interest investment.
+    Results for the qtr and the six mths in current year
+include Loral Systems Group, formerly Goodyear Aerospace,
+acquired in March 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21129" NEWID="20534">
+<DATE>20-OCT-1987 14:17:53.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2659&#31;reute
+s f BC-INTERPUBLIC-GROUP-OF   10-20 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERPUBLIC GROUP OF COS &lt;IPG> SETS DIVIDEND</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Interpublic Group of Companies said it
+declared a regular quarterly dividend of 17 cts a share payable
+December 15 to shareholdres or record November 27.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21130" NEWID="20535">
+<DATE>20-OCT-1987 14:19:00.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2663&#31;reute
+u f BC-CITIZENS-AND-SOUTHERN   10-20 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS AND SOUTHERN CORP &lt;CSOU.O> 3RD QTR NET</TITLE>
+<DATELINE>    ATLANTA, Oct 20 -
+    </DATELINE><BODY>Shr 75 cts vs 67 cts
+    Qtly div 28 cts vs 25 cts prior
+    Net 46.8 mln vs 39.8 mln
+    Avg shrs 60.3 mln vs 57.7 mln
+    Nine mths
+    Shr 1.73 dlrs vs 1.95 dlrs
+    Net 108.3 mln vs 114.7 mln
+    Avg shrs 59.9 mln vs 56.8 mln
+    NOTE: 1987 nine mths net includes special 15 mln dlr loan
+loss provision.
+    1987 nine mths net includes 16.6 mln dlr charge for
+settlement of suit.
+    Dividend pay Dec 15, record Nov 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21131" NEWID="20536">
+<DATE>20-OCT-1987 14:19:35.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2666&#31;reute
+h f BC-BOWNE-AND-CO-&lt;BNE>-TO   10-20 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOWNE AND CO &lt;BNE> TO REPURCHASE ONE MLN SHARES</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Bowne and Co Inc said its board
+authorized the repurchase of up to 1,000,000 shares of the
+company's common stock, from time to time on the open market or
+otherwise at prices deemed satisfactory by the company.
+    The company said the repurchased shares wil be used for
+Bowne's employee stock option and purchase plans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21132" NEWID="20537">
+<DATE>20-OCT-1987 14:20:06.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2668&#31;reute
+f f BC-RESORTS-SEEKLS   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>RESORTS SEEKS TO CLOSE CASINO IN EXISTING HOTEL WHEN TAJ MAHAL OPENS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21133" NEWID="20538">
+<DATE>20-OCT-1987 14:21:02.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2670&#31;reute
+r f BC-MANUFACTURERS-HANOVER   10-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANUFACTURERS HANOVER &lt;MHC> 3RD QTR NET UP</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Manufacturers Hanover Corp said it
+earned 129.1 mln dlrs for the third quarter, up from 105.8 mln
+a year earlier.
+    Net income per common share rose to 2.73 dlrs from 2.29
+dlrs.
+    Manufacturers Hanover said it raised common shareholders'
+equity at the end of the third quarter from the second quarter
+by 347 mln dlrs, to 2.09 billion dlrs. Included in the increase
+was 267 mln dlrs from the sale last month of 6.9 mln new shares
+of the corporation's common stock, and 76 mln dlrs from
+retained earnings.
+   
+    Primary capital grew to 6.2 billion dlrs, or 7.92 pct of
+total assets, up from 5.3 billion dlrs, or 7.07 pct, a year
+earlier.
+    Provisions for possible loans losses in the third quarter
+was 111.9 mln dlrs, down from 139.5 mln a year ago. The reserve
+for loan losses stood at 4.78 pct of total loans at the end of
+September, up from 1.72 pct a year earlier.
+    "We have placed top priority on the restoration of
+shareholders' equity in the shortest time frame possible," said
+John McGillicuddy, chairman and chief executive.
+    "The first step was selling the full amount of new common
+equity we anticipate needing in this replenishment process,"
+McGillicuddy added. "The remainder will come from higher core
+earnings, the sale of undervalued, non-strategic assets and the
+recognition of tax benefits."
+    Taken together, he said, these moves, as well as tighter
+control over asset levels, will raise the corporation's common
+equity-to-assets ratio to the four-pct range by the end of
+1988. The ratio was 2.77 pct on September 30.
+    For the nine months, Manufacturers reported a net loss of
+1.16 billion dlrs, down from a gain of 301.8 mln a year ago.
+    On a per-share basis, the loss was 28.33 dlrs, down from a
+gain of 6.42 dlrs.
+    The nine-month results reflect the impact of a previously
+announced decision last quarter to boost the corporation's
+loan-loss reserves by 1.7 billion dlrs. Without the addition,
+net income would have been 263.3 mln dlrs, or 5.41 a share.
+    Net interest revenue on a taxable equivalent basis in the
+third quarter was 494.2 mln dlrs, down from 546.4 mln.
+    Non-interest expenses in the latest quarter rose to 571.0
+mln dlrs from 541.8 mln. Total capital at September 30 rose to
+9.5 billion dlrs from 8.9 billion.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21134" NEWID="20539">
+<DATE>20-OCT-1987 14:21:11.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2671&#31;reute
+r f BC-NORTHROP-&lt;NOC>-BACKLO   10-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHROP &lt;NOC> BACKLOG UP SLIGHTLY</TITLE>
+<DATELINE>    LOS ANGELES, Oct 20 - </DATELINE><BODY>Northrop Corp said its backlog at
+September 30 stood at 4.37 billion dlrs, up slightly from the
+4.32 billion recorded a yeaer earlier.
+    Northrop also reported a third quarter profit of 34.1 mln
+dlrs, or 73 cts per share, compared with a year-earlier loss of
+30.5 mln dlrs, or 65 cts per share.
+    The company said its operating profit for the quarter
+totaled 100.8 mln dlrs, compared with a 17 mln dlr operating
+loss a year ago.
+    Sales for the period climbed to 1.46 billion dlrs from 1.26
+billion last year, Northrop said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21135" NEWID="20540">
+<DATE>20-OCT-1987 14:21:54.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2674&#31;reute
+r f BC-ELECTROMEDICS-5-FOR-1   10-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTROMEDICS 5-FOR-1 REVERSE SPLIT APPROVED</TITLE>
+<DATELINE>    ENGLEWOOD, Colo., Oct 20 - </DATELINE><BODY>Electromedics Inc &lt;ELMD.O> said
+its shareholders voted to approve a 5-for-1 reverse stock
+split.
+    Each five authorized and outstanding shares of one ct par
+value common stock are to be combined into one share of a newly
+authorized five ct par value common stock, the company said.
+    The company said the new common stock will trade under the
+NASDAQ symbol ELMDV until at least 30 pct of the outstanding
+shares of the old common stock have been exchanged for new
+stock.
+   
+    Electromedics estimates that the reverse split will reduce
+the number of shares outstanding from 45.5 mln to about
+9,091,882.
+    Electromedics is a manufacturer and marketer of high
+technology medical equipment used in blood conservation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21136" NEWID="20541">
+<DATE>20-OCT-1987 14:22:01.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2675&#31;reute
+b f BC-BEAR-STEARNS-BUYS-SPE   10-20 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEAR STEARNS BUYS SPECIALIST BOOK ON AMEX</TITLE>
+<DATELINE>    NEW YORK, Oct. 20 - </DATELINE><BODY>Bear Stearns and Co said it bought a
+specialist book yesterday on the American Stock Exchange but
+would not disclose the name or the price.
+    "It deals in stocks and options and it just demonstrates
+our faith in the auction system on the exchange," said Alvin
+Einbender, chief executive officer of Bear Stearns. "It's
+evidence of the fact we have an appetite for that sort of thing
+and think there's a good future in the marketplace," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21137" NEWID="20542">
+<DATE>20-OCT-1987 14:22:28.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2677&#31;reute
+f f BC-KENNER-PARKER-T   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>KENNER PARKER TOYS INC 3RD QTR OPER SHR 1.22 DLRS VS 88 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21138" NEWID="20543">
+<DATE>20-OCT-1987 14:23:37.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2681&#31;reute
+r f BC-MCA-INC-&lt;MCA>-TO-BUY   10-20 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCA INC &lt;MCA> TO BUY BACK TEN MLN COMMON SHARES</TITLE>
+<DATELINE>    UNIVERSAL CITY, Calif., Oct 20 - </DATELINE><BODY>MCA Inc said its board has
+authorized management to buy up to ten mln shares of MCA's
+common stock in the open market or through private
+transactions.
+    The company said ten mln shares is about 13 pct of current
+outstanding common stock.
+    The shares are intended to be used for general corporate
+purposes, MCA said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21139" NEWID="20544">
+<DATE>20-OCT-1987 14:24:01.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2682&#31;reute
+u f BC-US-WEST-&lt;USW>-REPURCH   10-20 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US WEST &lt;USW> REPURCHASING SHARES</TITLE>
+<DATELINE>    DENVER, COLO., Oct 20 - </DATELINE><BODY>US West Inc said it is aggressively
+repurchasing its shares.
+    In 1984, directors authorized the repurchase of up to 10
+mln shares over any three year period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21140" NEWID="20545">
+<DATE>20-OCT-1987 14:24:58.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2685&#31;reute
+r f BC-ALEX-BROWN-INC-&lt;ABSB.   10-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALEX BROWN INC &lt;ABSB.O> 3RD QET</TITLE>
+<DATELINE>    BALTIMORE, Oct 20 - </DATELINE><BODY>Sept 25 end
+    Primary shr 31 cts vs 22 cts
+    Diluted shr 30 cts vs 21 cts
+    Net 5,019,000 vs 3,165,000
+    Revs 80.1 mln vs 57.2 mln
+    Primary avg shrs 16,306,000 vs 14,495,000
+    Diluted avg shrs 17,266,000 vs 15,827,000
+   
+    Nine months
+    Primary shr 1.27 dlrs vs 1.07 dlrs
+    Diluted shr 1.23 dlrs vs 1.03 dlrs
+    Net 20.2 mln vs 15.5 mln
+    Revs 244.5 mln vs 181.5 mln
+    Primary avg shrs 15,875,000 vs 14,495,000
+    Diluted avg shrs 16,853,000 vs 15,280,000
+    NOTE: Results are pro forma, assuming that company was
+public throughout 1986. Company became public Feb 14, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21141" NEWID="20546">
+<DATE>20-OCT-1987 14:25:37.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2688&#31;reute
+r f BC-BANCTEXAS-GROUP-INC-(   10-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCTEXAS GROUP INC &lt;BTX> 3RD QTR OPER LOSS</TITLE>
+<DATELINE>     DALLAS, Oct 20 -
+     </DATELINE><BODY>Oper shr loss 1.23 dlrs vs loss 57.50 dlrs
+     Oper net loss 17,154,000 vs loss 26,953,000
+     Avg shrs 13,914,000 vs 476,000
+     Nine mths
+     Oper shr loss 12.74 dlrs vs loss 76.94 dlrs
+     Oper net loss 63,774,000 vs loss 35,207,000
+     Avg shrs 5,005,000 vs 474,000
+     Assets 785.3 mln vs 1.27 billion
+     Deposits 625.6 mln vs 938.8 mln
+     Loans 565.6 mln vs 826.9 mln 
+     NOTE: July 17, 1987, company completed recapitalization
+with injection of 200 mln dlrs in cash, 150 mln from the
+Federal Deposit Insurance Corp and 50 mln dlrs raised through a
+stock rights offering.
+     1987 qtr and nine mths exclude gain of 22 mln dlrs
+realized primarily from early settlement of debt in connection
+with the recapitalization and a three mln dlr loss on
+investment securities.
+     1986 qtr and nine mths exclude 3.6 mln dlr gain on
+investment securities.     
+     1986 nine mths excludes gain of 3.4 mln dlrs from sale of
+subsidiary bank
+     1986 and 1987 shr and avg shrs restated for one-for-50
+reverse stock split. Number of shrs outstanding at Sept 30,
+1987, was 16,744.        
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21142" NEWID="20547">
+<DATE>20-OCT-1987 14:25:43.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2689&#31;reute
+d f BC-REDKEN-LABORATORIES-&lt;   10-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REDKEN LABORATORIES &lt;RDKN.O> TO BUY BACK STOCK</TITLE>
+<DATELINE>    CANOGA PARK, Calif., Oct 20 - </DATELINE><BODY>Redken Laboratories Inc said
+its board authorized management to repurchase up to 600,000 of
+the company's common shares.
+    The repurchase program may be implimented over the next 18
+months, or sooner, depending on whether or not the shares are
+bought in the open market or in privately negotiated
+transactions, Redken said.
+    The program will be funded with cash on hand and future
+cash flow, the company also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21143" NEWID="20548">
+<DATE>20-OCT-1987 14:26:28.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2693&#31;reute
+h f BC-GOTAAS-LARSEN-SHIPPIN   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOTAAS-LARSEN SHIPPING CORP &lt;GOTLF.O> 3RD QTR</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 80 cts vs 62 cts
+    Net 11.1 mln vs 8,545,000
+    Revs 68.6 mln vs 41.9 mln
+    Nine mths
+    Shr 1.96 dlrs vs 1.88 dlrs
+    Net 26.8 mln 24.1 mln
+    Revs 180.1 mln vs 126.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21144" NEWID="20549">
+<DATE>20-OCT-1987 14:27:00.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2694&#31;reute
+h f BC-MONTENAY-POWER-TO-OPE   10-20 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONTENAY POWER TO OPERATE DADE COUNTY WASTE UNIT</TITLE>
+<DATELINE>    MIAMI, Oct 20 - </DATELINE><BODY>&lt;Montenay Power Corp> said it reached final
+agreement on a 15-year-contract for operation of the Dade
+County Resources Recovery Facility, the largest plant of its
+type in the world.
+    The company is part of Montenay S.A, a subsidiary of
+&lt;Compagnie Generale des Ezux> of France.
+    It said county commissions ratified the contract which
+calls for investment of 45 mln dlrs to refurbish the plant and
+restore it to its original capacity of 920,000 tons of solid
+waste per year.
+   
+    Montenay said the agreement allows Dade County to maintain
+its disposal fee at 27 dlrs per ton, by far the lowest of all
+counties involved in resource recovery in Florida.
+    The company said it will receive 22 dlrs per ton of refuse
+processed, split revenues from electricty sold to FPL Group
+Inc's &lt;FPL> Florida Power and Light Co subsidiary with the
+county and retain revenues from the sale of ash, minerals and
+other recycled materials.
+    Montenay said the contract extends through 2002 its
+operation of the plant, which began in 1985 when the company
+took over the plant from the previous owners.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21145" NEWID="20550">
+<DATE>20-OCT-1987 14:27:14.80</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>oilseed</D><D>sunseed</D></TOPICS>
+<PLACES><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2695&#31;reute
+u f BC-ARGENTINA-SETS-NEW-SU   10-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARGENTINA SETS NEW SUPPORT PRICES FOR GRAINS</TITLE>
+<DATELINE>    BUENOS AIRES, Oct 20 - </DATELINE><BODY>Argentina's agriculture secretariat
+set new support prices for grains and oilseeds, an official
+statement said.
+    It said the support price for wheat was hiked to 300
+Australs per tonne from 250 previously and for sunflowerseed
+from northwestern Argentina to 450 Australs from 360
+previously. It said the price went into effect Monday.
+    The secretariat said the support price of sorghum was
+increased to 210 Australs per tonne from 200 Australs
+previously and for maize to 250 Australs from 220 Australs
+previously.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21146" NEWID="20551">
+<DATE>20-OCT-1987 14:28:17.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2699&#31;reute
+f f BC-PUBLIC-SERVICE   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PUBLIC SERVICE ENTERPRISE GROUP REPORTS THIRD QTR PER SHARE OF 78 CTS VS 87 CTS.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21147" NEWID="20552">
+<DATE>20-OCT-1987 14:28:49.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2703&#31;reute
+d f BC-SCIENCE-ACCESSORIES-&lt;   10-20 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCIENCE ACCESSORIES &lt;SEAS.O> ENDS PURCHASE TALKS</TITLE>
+<DATELINE>    SOUTHPORT, Conn., Oct 20 - </DATELINE><BODY>Science Accessories Corp said it
+has ended talks on acquiring privately-held Owl Electronics
+Laborarories Inc because it could not reach satisfactory terms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21148" NEWID="20553">
+<DATE>20-OCT-1987 14:29:53.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2704&#31;reute
+s f BC-LOEWS-CORP-&lt;LTR>-SETS   10-20 0020</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOEWS CORP &lt;LTR> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts prior
+    Pay Dec One
+    Record Nov 12
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21149" NEWID="20554">
+<DATE>20-OCT-1987 14:30:08.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2705&#31;reute
+s f BC-SEA-CONTAINERS-LTD-&lt;S   10-20 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEA CONTAINERS LTD &lt;SCR> SETS QUARTERLY</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay Nov 20
+    Record Nov Five
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21150" NEWID="20555">
+<DATE>20-OCT-1987 14:30:27.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2706&#31;reute
+d f BC-MCDONNELL-DOUGLAS-&lt;MD   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCDONNELL DOUGLAS &lt;MD> IN PACT WITH CHINESE FIRM</TITLE>
+<DATELINE>    HUNTINGTON BEACH, Calif., Oct 20 - </DATELINE><BODY>McDonnell Douglas said
+it signed a technical assistance agreement with the China Great
+Wall Industries Co for possible use of its Payload Assist
+Module on the Chinese Long March series of rockets.
+    The company said the pact will serve as the basis for all
+future proposals involving the use of the Payload Assist Module
+in China.
+    "This agreement opens the door for us to proceed with
+proposals to the Chinese government or with spacecraft
+customers planning to use the Long March," said Daniel Green,
+the company's vice president of marketing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21151" NEWID="20556">
+<DATE>20-OCT-1987 14:30:33.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2707&#31;reute
+s f BC-SVEECO-INSTRUMENTS-IN   10-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SVEECO INSTRUMENTS INC &lt;VEE> SETS QUARTERLY</TITLE>
+<DATELINE>    MELVILLE, N.Y., Oct 20 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay Nov 19
+    Record Nov Five
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21152" NEWID="20557">
+<DATE>20-OCT-1987 14:30:45.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2708&#31;reute
+r f BC-GREATER-NEW-YORK-SAVI   10-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREATER NEW YORK SAVINGS BANK &lt;GRTR.O> 3RD QTR</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 57 cts vs N/A
+    Net 7,222,000 vs 6,959,000
+    Nine mths
+    Shr N/A vs N/A
+    Net 17.6 mln vs 24.8 mln
+    Assets 2.7 billion vs 2.3 billion
+    NOTE: Year-ago per shr amts not available as bank converted
+to stock ownership June 24, 1987. 1987 3rd qtr and nine mths
+has 2.9 mln and 7.4 mln dlrs for tax credits. 1986 3rd and nine
+mths 2.1 mln and 7.9 mln dlrs for tax credits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21153" NEWID="20558">
+<DATE>20-OCT-1987 14:30:58.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2709&#31;reute
+r f BC-CONSOLIDATED-FIBRES-I   10-20 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED FIBRES INC &lt;CFIB.O> 1ST QTR NET</TITLE>
+<DATELINE>    RICHMOND, Calif., Oct 20 - </DATELINE><BODY>Qtr ended Sept 30
+    Shr 40 cts vs 20 cts
+    Net 797,000 vs 403,000
+    Sales 30.8 mln vs 27.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21154" NEWID="20559">
+<DATE>20-OCT-1987 14:31:30.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f2713&#31;reute
+f f BC-E.F.-HUTTON-PRE   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>E.F. HUTTON PRESIDENT SAID FIRM HAVING NO OPERATIONAL OR FINANCIAL DIFFICULTY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21155" NEWID="20560">
+<DATE>20-OCT-1987 14:31:33.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2714&#31;reute
+r f BC-RE-CAPITAL-&lt;RCC>-BEGI   10-20 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RE CAPITAL &lt;RCC> BEGINS STOCK REPURCHASE</TITLE>
+<DATELINE>    STAMFORD, Conn., Oct 20 - </DATELINE><BODY>Re Capital Corp said it has begun
+a stock buy-back program. The company gave no other details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21156" NEWID="20561">
+<DATE>20-OCT-1987 14:32:07.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2718&#31;reute
+r f BC-COMPUTER-TASK-GROUP-I   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER TASK GROUP INC &lt;TSK> 3RD QTR NET</TITLE>
+<DATELINE>    BUFFALO, N.Y., Oct 20 -
+    </DATELINE><BODY>Shr 17 cts vs 16 cts
+    Net 1,315,000 vs 1,161,000
+    Revs 43.2 mln vs 36.5 mln
+    Avg shrs 7,916,000 vs 7,490,000
+    Nine mths
+    Shr 50 cts vs 51 cts
+    Net 3,899,000 vs 3,821,000
+    Revs 123.7 mln 104.6 mln
+    Avg shrs 7,808,000 vs 7,491,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21157" NEWID="20562">
+<DATE>20-OCT-1987 14:32:24.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2719&#31;reute
+h f BC-SIMPSON-INDUSTRIES-IN   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIMPSON INDUSTRIES INC &lt;SMPS.O> 3RD QTR NET</TITLE>
+<DATELINE>    BIRMINGHAM, Mich., Oct 20 -
+    </DATELINE><BODY>Shr 18 cts vs 24 cts
+    Net 1,175,000 vs 1,528,000
+    Sales 34 mln vs 34.6 mln
+    Nine mths
+    Shr 56 cts vs 1.12 dlrs
+    Net 3,578,000 vs 7,040,000
+    Sales 109.3 mln vs 116.6 mln
+    Note: 1986 figures include 508,000 dlr gain or
+eight cts a share from discontinued operations
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21158" NEWID="20563">
+<DATE>20-OCT-1987 14:32:42.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2722&#31;reute
+r f BC-COMMUNICATIONS-SYSTEM   10-20 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNICATIONS SYSTEMS &lt;CSII.O> TO BUY SHARES</TITLE>
+<DATELINE>    HECTOR, MINN., Oct 20 - </DATELINE><BODY>Communications Systems Inc said its
+directors authorized the repurchase of up to 200,000 of its
+total 5.2 mln common shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21159" NEWID="20564">
+<DATE>20-OCT-1987 14:33:12.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2726&#31;reute
+r f BC-NETWORK-SYSTEMS-CORP   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NETWORK SYSTEMS CORP &lt;NSCO.O> 3RD QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 20 -
+    </DATELINE><BODY>Shr 20 cts vs 16 cts
+    Net 5,849,000 vs 4,630,000
+    Revs 33.8 mln vs 27.1 mln
+    Nine mths
+    Shr 41 cts vs 40 cts
+    Net 11.9 mln vs 11.5 mln
+    Revs 84.6 mln vs 77.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21160" NEWID="20565">
+<DATE>20-OCT-1987 14:33:46.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2729&#31;reute
+r f BC-BANCTEXAS-&lt;BTX>-ELECT   10-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCTEXAS &lt;BTX> ELECTS NEW CHAIRMAN</TITLE>
+<DATELINE>     DALLAS, Oct 20 - </DATELINE><BODY>BancTEXAS Group Inc said its board
+elected Nathan C. Collins chairman of the board, president and
+chief executive officer to replace director and acting chairman
+Tom Stanzel
+     Collins was formerly executive vice president and manager
+of the asset/liability management group and senior credit
+officer at Valley National Bank of Arizona, Phoenix.
+     Stanzel replaced Chairman Vance Miller and President and
+CEO Richard Ripley July 17, 1987, when the company completed a
+200 mln dlr recapitalizaltion plan.         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21161" NEWID="20566">
+<DATE>20-OCT-1987 14:34:03.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2731&#31;reute
+d f BC-PITTSBURGH-AND-WEST-V   10-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PITTSBURGH AND WEST VIRGINIA &lt;PW> 3RD QTR NET</TITLE>
+<DATELINE>    PITTSBURGH, Oct 20 -
+    </DATELINE><BODY>Shr 14 cts vs 14 cts
+    Net 213,000 vs 210,000
+    Revs 229 mln vs 229 mln
+    Nine months
+    Shr 42 cts vs 42 cts
+    Net 630,000 vs 628,000
+    Revs 689,000 vs 689,000
+    NOTE: Full name Pittsburgh and West Virginia Railroad.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21162" NEWID="20567">
+<DATE>20-OCT-1987 14:36:39.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2741&#31;reute
+w f BC-NATIONAL-MICRONETICS   10-20 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL MICRONETICS INC &lt;NMIC.O> 1ST QTR</TITLE>
+<DATELINE>    KINGSTON, N.Y., Oct 20 - </DATELINE><BODY>1st qtr ended September 26.
+    Shr profit two cts vs loss 20 cts
+    Net profit 156,000 vs loss 1,816,000
+    Revs 8,751,000 vs 7,123,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21163" NEWID="20568">
+<DATE>20-OCT-1987 14:36:58.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2743&#31;reute
+s f BC-EQUITABLE-RESOURCES-I   10-20 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITABLE RESOURCES INC &lt;EQT> SETS QUARTERLY</TITLE>
+<DATELINE>    PITTSBURGH, OCt 20 -
+    </DATELINE><BODY>Qtly div 30 cts vs 30 cts prior
+    Pay Dec One
+    Record Nov Six
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21164" NEWID="20569">
+<DATE>20-OCT-1987 14:37:34.23</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2746&#31;reute
+u f BC-PUBLIC-SERVICE-ENTERP   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUBLIC SERVICE ENTERPRISE &lt;PEG> 3RD QTR NET</TITLE>
+<DATELINE>    NEWARK, N.J., Oct 20 -
+    </DATELINE><BODY>Shr 78 cts vs 87 cts
+    Net 159.3 mln vs 174.9 mln
+    Revs one billion vs 1.06 billion
+    Avg shrs 204,335,958 vs 200,471,561
+    Nine months
+    Shr 2.18 dlrs vs 2.36 dlrs
+    Net 443 mln vs 469.6 mln
+    Revs 3.2 billion vs 3.4 billion
+    Avg shrs 203,375,222 vs 199,108,842
+    12 months
+    Shr 1.73 dlrs vs 2.44 dlrs
+    Net 351.9 mln vs 481.5 mln
+    Revs 4.3 billion vs 4.5 billion
+    Avg shrs 202,900,311 vs 197,320,979
+    NOTE: Full name Public Service Enterprise Group Inc
+    All results reflect three-for-two stock split, effective
+July 1, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21165" NEWID="20570">
+<DATE>20-OCT-1987 14:37:58.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2748&#31;reute
+f f BC-PACIFIC-STOCK-E   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PACIFIC STOCK EXCHANGE SAYS IT WILL CLOSE ONE HALF HOUR EARLY AT 1300, PDT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21166" NEWID="20571">
+<DATE>20-OCT-1987 14:38:48.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2751&#31;reute
+d f AM-MARKETS-FLORIDA -  10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOCK TUMBLE MAY SCARE RETIREES OUT OR MARKET</TITLE>
+<AUTHOR>    By Peter Kiernan</AUTHOR>
+<DATELINE>    MIAMI, Oct 20 - </DATELINE><BODY>Many Florida investors are old enough to
+have seen it all before -- they lived through the Crash of '29
+and Monday's stock market debacle was just another day for
+some.
+    "I don't sell," declared one elderly investor, who said he
+had more than one mln dlrs in stocks. "Whatever goes down is
+bound to come back up."
+    The uniqueness of south Florida investors was easy to see
+in brokerage offices around Miami, where the average age of the
+crowds watching the Big Board quotations flash by on Tuesday
+was retirement and beyond.
+   
+    "I don't know of any demographic studies, but we certainly
+have the highest number of elderly active investors," said
+Marshall Moore, a vice president of AmeriFirst Securities
+Corporation in Miami.
+    He worries that Monday's record loss of more than 500
+points on the New York Stock Exchange will scare many people,
+particularly those on fixed incomes, out of the market forever.
+    "They will not be in stocks any longer," he said. "When you
+start getting heart palpitations and sweaty palms you have to
+get out and stay out except for maybe utilities and some
+income-oriented issues."
+   
+    Across the state on the Gulf coast where there are heavy
+concentrations of retired persons, Robert Lee of Investment
+Management and Research Incorporated said there were "a lot of
+serious losses out there."
+    Retirees account for 90 per cent of his firm's business and
+could take comfort in the fact that its professional managers
+took their money out of the market last month. "But for those
+who were buying in on the recent  upswing, this is devastating,"
+he said.
+   
+    Miami Beach broker George Fox, most of whose clients are
+over 60, worries that many are not taking the situation
+seriously enough. Those who depend on their market earnings
+should be a lot more concerned, he said. "I am scared because I
+think this could become very serious."
+    One 93-year-old investor said the market was bound to fall
+sharply, "I just didn't think it would happen so soon." She
+remembered '29 and said she remained stingy to this day as a
+result. "I still find it hard to spend money."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21167" NEWID="20572">
+<DATE>20-OCT-1987 14:42:22.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2760&#31;reute
+b f BC-/E.F.-HUTTON-&lt;EFH>-SA   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.F. HUTTON &lt;EFH> SAID FIRM SOUND</TITLE>
+<DATELINE>    New York, Oct 20 - </DATELINE><BODY>E.F. Hutton Group Inc President and
+chief executive officer Robert Rittereiser said in a statement
+the firm is having no operating or financial difficulty despite
+the volatility of financial markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21168" NEWID="20573">
+<DATE>20-OCT-1987 14:43:19.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f2762&#31;reute
+r f BC-BORDEN-&lt;BN>-SAYS-PLAN   10-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BORDEN &lt;BN> SAYS PLANS TO ISSUE DEBT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Borden Inc said it plans to issue up to
+250 mln dlrs of long-term debt securities in order to
+capitalize on sharply lower interest rates.
+    Proceeds will be used primarily to refinance existing
+commercial paper.
+    The company said the offering of long-term debt will be in
+addition to its previously announced offering of a master
+limited partnership interest relating to Borden's basic
+chemicals and plastics operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21169" NEWID="20574">
+<DATE>20-OCT-1987 14:45:53.46</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V E RM 
+&#22;&#22;&#1;f2768&#31;reute
+f f BC-CANADA-MINISTER-SAYS   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CANADA MINISTER SAYS G-7 ACTION HAS PROVIDED STABILITY, CONSULTATIONS CONTINUING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21170" NEWID="20575">
+<DATE>20-OCT-1987 14:45:56.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2769&#31;reute
+s f BC-VEECO-INSTRUMENTS-INC   10-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VEECO INSTRUMENTS INC &lt;VEE> SETS QUARTERLY</TITLE>
+<DATELINE>    MELVILLE, N.Y., Oct 20 -
+    </DATELINE><BODY>Qtly div five cts vs five cts prior
+    Pay Nov 19
+    Record Nov Five
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21171" NEWID="20576">
+<DATE>20-OCT-1987 14:46:11.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2771&#31;reute
+r f BC-FORD-&lt;F>-REPEATS-AUTO   10-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORD &lt;F> REPEATS AUTO, TRUCK SALES FORECASTS</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Ford Motor Co Chairman Donald Petersen
+still expects slightly more than 15 mln U.S.-made cars and
+trucks will be sold domestically in 1987, he told reporters.
+    This is down from the 16.1 mln U.S. built vehicles sold
+domestically last year, he added.
+    Despite the sell-off in world stock markets, Petersen said,
+the underlying fundamentals in the private sector of the U.S.
+economy remain strong so calendar 1988 vehicle sales should
+equal the 1987 total.
+   
+    Petersen said he could not explain nor predict stock market
+activity.
+    But he called for government officials to seriously address
+long-term problems such as the trade and budget deficits,
+stating the dollar is still too strong relative to other major
+currencies.
+    For example, he said, the dollar should be about 120 yen
+currently instead of its present level just below 144 yen.
+   
+    Petersen said Ford plans to spend substantially more in the
+next five years than the 15.9 billion dlrs spent in the last
+five on new products and upgrading of its manufacturing
+operations.
+    In 1986, Ford spent 3.4 billion dlrs to upgrade vehicle
+manufacturing plants, he noted.
+    He also said growth in free world car and truck sales will
+be 1.8 pct per year over the next 10 years.
+    Worldwide over-capacity, which was about 2.7 mln units in
+1985, could expand to nine mln units by 1990, with more than
+five mln of those units in North America, Petersen said.
+       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21172" NEWID="20577">
+<DATE>20-OCT-1987 14:46:17.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2772&#31;reute
+s f BC-TOLLAND-BANK-&lt;TOBK.O>   10-20 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOLLAND BANK &lt;TOBK.O> SETS QUARTERLY</TITLE>
+<DATELINE>    TOLLAND, Conn., Oct 20 -
+    </DATELINE><BODY>Qtly div 10 cts vs 10 cts prior
+    Pay Nov Nine
+    Record Nov Two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21173" NEWID="20578">
+<DATE>20-OCT-1987 14:46:20.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2773&#31;reute
+s f BC-VALERO-NATURAL-GAS-PA   10-20 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALERO NATURAL GAS PARTNERS LP &lt;VLP> SETS PAYOUT</TITLE>
+<DATELINE>    SAN ANTONIO, Texas, Oct 20 -
+    </DATELINE><BODY>Qtly div 62-1/2 cts vs 62-1/2 cts prior
+    Pay Nov 30
+    Record Nov Nine
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21174" NEWID="20579">
+<DATE>20-OCT-1987 14:47:16.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f2779&#31;reute
+d f BC-CHASE-&lt;CMB>-ACQUIRES   10-20 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHASE &lt;CMB> ACQUIRES REVOLVING CREDIT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Chase Manhattan Bank, a unit of Chase
+Manhattan Corp, said it acquired a portfolio of approximately
+190,000 consumer revolving credit accounts from Atlantic
+Financial Federal &lt;ATLF.O>.
+    The portfolio is estimated to be worth 370 mln dlrs.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21175" NEWID="20580">
+<DATE>20-OCT-1987 14:47:25.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM Y 
+&#22;&#22;&#1;f2781&#31;reute
+f f BC-C-and-D-COMMODI   10-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>C and D COMMODITIES DENIES FINANCIAL PROBLEMS BUT PULLING OUT OF OIL FUTURES MARKET.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21176" NEWID="20581">
+<DATE>20-OCT-1987 14:48:08.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2787&#31;reute
+d f BC-ECOLAB-&lt;ECL>-SEES-REC   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECOLAB &lt;ECL> SEES RECORD FISCAL YEAR</TITLE>
+<DATELINE>    ST PAUL, Minn, Oct 20 - </DATELINE><BODY>Ecolab Inc said it expects to
+achieve record fiscal year results this year.
+    The company recently changed its fiscal year end to
+December 31 from June 30.
+    Ecolab reported earnings from continuing operations for the
+third quarter of 4,255,000 dlrs or 16 cts a share compared to
+9,299,000 dlrs or 34 cts last year. Results for the current
+quarter include a charge of 89 cts a share to restructure
+ChemLawn, acquired last April, and other recent acquisitions.
+    In the year ended June 30, 1987, Ecolab earned 47 mln dlrs
+or 1.76 dlrs a share from continuing operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21177" NEWID="20582">
+<DATE>20-OCT-1987 14:48:17.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L M T 
+&#22;&#22;&#1;f2788&#31;reute
+b f BC-/E.F.-HUTTON-PRESIDEN   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>E.F. HUTTON PRESIDENT SAYS FIRM SOUND</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>E.F. Hutton Group Inc President and
+chief executive officer Robert Rittereiser said in a statement
+the firm is having no operating or financial difficulty despite
+the volatility of financial markets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21178" NEWID="20583">
+<DATE>20-OCT-1987 14:48:46.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2791&#31;reute
+d f BC-P-AND-C-FOODS-INC-&lt;FO   10-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>P AND C FOODS INC &lt;FOOD.O> 3RD QTR OCT 3 NET</TITLE>
+<DATELINE>    SYRACUSE, N.Y., Oct 20 -
+    </DATELINE><BODY>Shr 40 cts vs 35 cts
+    Net 3,149,000 vs 2,433,000
+    Revs 225.4 mln vs 225.9 mln
+    Avg shrs 7,800,000 vs 7,157,143
+    Nine mths
+    Shr 91 cts vs 63 cts
+    Net 7,114,000 vs 4,540,000
+    Revs 747.0 mln vs 728.2 mln
+    Avg shrs 7,800,000 vs 6,767,143
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21179" NEWID="20584">
+<DATE>20-OCT-1987 14:49:32.17</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2795&#31;reute
+h f BC-TOTAL-CAPITAL-ACQUIRE   10-20 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOTAL CAPITAL ACQUIRES DUNHILL COMPACT</TITLE>
+<DATELINE>    DENVER, Oct 20 - </DATELINE><BODY>&lt;Total Capital Corp> said it acquired
+&lt;Dunhill Compact Classics Inc> for an unspecified amount of
+stock.
+    The surviving company will be controlled by Dunhill's
+principals, Total Capital said.
+    Dunhill makes compact discs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21180" NEWID="20585">
+<DATE>20-OCT-1987 14:49:56.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2796&#31;reute
+d f BC-FIRST-CAPITAL-&lt;FCH>-E   10-20 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST CAPITAL &lt;FCH> ESOP TO BUY MORE STOCK</TITLE>
+<DATELINE>    LOS ANGELES, Oct 20 - </DATELINE><BODY>First Capital Holding Corp said its
+board authorized management to up to two mln shares of the
+company's common stock for its Employee Stock Ownership Plan.
+    The company said its board had previously authorized
+purchases of up to one mln shares and to date, the plan has
+only purchased 100,000 shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21181" NEWID="20586">
+<DATE>20-OCT-1987 14:50:24.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2798&#31;reute
+h f BC-AMERICAN-BUSINESS-PRO   10-20 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN BUSINESS PRODUCTS INC &lt;ABP> 3RD QTR</TITLE>
+<DATELINE>    ATLANTA, Oct 20 -
+    </DATELINE><BODY>Oper shr 40 cts vs 47 cts
+    Oper net 2,292,000 vs 2,688,000
+    Sales 81.9 mln vs 78.9 mln
+    Nine mths
+    Oper shr 1.20 dlrs vs 1.40 dlrs
+    Oper net 6,842,000 vs 7,978,000
+    Sales 244.7 mln vs 234.2 mln
+    NOTE: 1986 net both periods excludes 2,223,000 dlr special
+charge.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21182" NEWID="20587">
+<DATE>20-OCT-1987 14:50:34.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f2799&#31;reute
+u f BC-PACIFIC-STOCK-EXHCANG   10-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC STOCK EXHCANGE TO CLOSE HALF HOUR EARLY</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 20 - </DATELINE><BODY>The Pacific Stock Exchange said it
+will close one half hour early at 1300, pacific daylight time,
+due to heavy volume and to coincide with the closing of other
+U.S. exchanges.
+    The exchange closed a half hour early yesterday as well, as
+both traders and computers had difficulty keeping up with
+orders.
+    A stock exchange spokeswoman said at 1145, pdt the latest
+estimate on volume at the exchange was 9,147,000 shares.
+    Yesterday the exchange traded a record volume of over 17
+mln shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21183" NEWID="20588">
+<DATE>20-OCT-1987 14:52:35.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2800&#31;reute
+r f BC-RESORTS-&lt;RTA>-TO-CONS   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RESORTS &lt;RTA> TO CONSOLIDATE NJ OPERATIONS</TITLE>
+<DATELINE>    ATLANTIC CITY, N.J., Oct 20 - </DATELINE><BODY>Resorts International Inc
+said it filed with the New Jersey Casino Control Commission to
+consolidate the hotel and related operation of the Resorts
+International Casino with the company's Taj Mahal casino/hotel,
+which is currently under construction.
+    The company said the plan would allow both facilities to be
+operated with a single casino room, located at the Taj Mahal,
+and was necessary for the financial well-being and
+efficiency of the operation.
+    The company said the existing casino portion of the Resorts
+Casino would be converted to a convention and exhibition space.
+    The company said the petition also requests the approval of
+a comprehensive services agreement between Resorts and &lt;Trump
+Hotel Corp>, which is controlled by Donald J. Trump.
+    Under the agreement, Trump Hotel agrees to provide a
+comprehensive range of services including marketing,
+management, and construction and development to Resorts, the
+company said.
+    The company said the agreement also provides for the
+non-exclusive license to Resorts to use the Trump name and
+other trademarkes and service marks in connection with the
+operations and marketing of Resorts properties.
+    The terms of the agreement call for Trump Hotel to receive
+an annual services fee of 1-3/4 pct of Resorts adjusted gross
+revenue and 15 pct of its adjusted net income, the company
+said. Additionally, Trump Hotel will receive a fee equal to
+three pct of the post July 21, 1987 construction costs of the
+Taj Mahal, the company said.
+    The company said the proposed consolidation and the service
+agreement were both unanimously approved by a committee of
+three independent Resorts directors.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21184" NEWID="20589">
+<DATE>20-OCT-1987 14:52:48.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2801&#31;reute
+r f BC-VIACOM-&lt;VIA>-EXECUTIV   10-20 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VIACOM &lt;VIA> EXECUTIVE RESIGNS</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Viacom Inc said Gordon E. Belt has
+resigned as vice president, chief financial officer of Viacom
+Interntional Inc, effective Nov 13, 1987.
+    The company said a successor will be announced shortly.
+    Viacom said Belt has not announced immediate plans after
+his resignation.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21185" NEWID="20590">
+<DATE>20-OCT-1987 14:53:01.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2802&#31;reute
+s f BC-SOUTHERN-INDIANA-GAS   10-20 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN INDIANA GAS AND ELECTRIC CO &lt;SIG>PAYOUT</TITLE>
+<DATELINE>    EVANSVILLE, Ind., Oct 20 -
+    </DATELINE><BODY>Qtly div 53 cts vs 53 cts prior
+    Pay Dec 21
+    Record Nov 20 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21186" NEWID="20591">
+<DATE>20-OCT-1987 14:53:07.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2803&#31;reute
+s f BC-SECURITY-PACIFIC-CORP   10-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC CORP &lt;SPC> QTLY DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELES, Oct 20 -
+    </DATELINE><BODY>Shr 45 cts vs 45 cts prior qtr
+    Pay November 20
+    Record November three
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21187" NEWID="20592">
+<DATE>20-OCT-1987 14:53:11.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2804&#31;reute
+s f BC-WASHINGTON-ENERGY-CO   10-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON ENERGY CO &lt;WECO.O> QTLY DIVIDEND</TITLE>
+<DATELINE>    SEATTLE, Oct 20 -
+    </DATELINE><BODY>Shr 32 cts vs 32 cts prior qtr
+    Pay December 14
+    Record November 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21188" NEWID="20593">
+<DATE>20-OCT-1987 14:54:47.26</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2806&#31;reute
+d f BC-BEMIS-CO-&lt;BMS>-3RD-QT   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEMIS CO &lt;BMS> 3RD QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 20 -
+    </DATELINE><BODY>Shr 61 cts vs 50 cts
+    Net 8,273,000 vs 6,913,000
+    Sales 226.0 mln vs 215.9 mln
+    Nine mths
+    Shr 1.60 dlrs vs 1.25 dlrs
+    Net 21,771,000 vs 17,369,000
+    Sales 688.3 mln vs 635.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21189" NEWID="20594">
+<DATE>20-OCT-1987 14:55:35.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2809&#31;reute
+r f BC-U.S.-WEST-&lt;USW>-TO-AG   10-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. WEST &lt;USW> TO AGGRESSITVELY BUY BACK STOCK</TITLE>
+<DATELINE>    DENVER, Oct 20 - </DATELINE><BODY>U.S. West said it is aggressively buying
+back shares of its own stock under a resolution adopted in 1984
+by its board authorizing the repurchase of up to 10 mln shars
+over any three-year period.
+    U.S. West has about 190 mln shares outstanding.
+    The company did not specify how many shares it was
+currently repurchasing.
+    "The fundamentals of our company remain strong," said U.S.
+West vice president and treasurer Jim Anderson. "We believe
+U.S. West stock represents good value and we are in the market
+aggressively buying shares of our own stock."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21190" NEWID="20595">
+<DATE>20-OCT-1987 14:56:10.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f2810&#31;reute
+r f BC-SCOTT-CABLE-&lt;JSCC>-DE   10-20 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCOTT CABLE &lt;JSCC> DEBT DOWNGRADED BY MOODY'S</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Moody's Investors Service Inc said it
+downgraded about 50 mln dlrs of subordinated debentures to B-3
+from B-2 of Scott Cable Communications Inc.
+    Moody's cited the significant increase in leverage and the
+reduction in coverages that will result from the merger of
+Scott with Simmons Communications Merger Corp.
+    Scott lacks sufficient operating cash flow to fund the
+entire interest expense for the near term and will depend on
+bank financing to make up any shortfall, the agency noted.
+    It added that the B-3 rating recognizes operating
+efficiencies that will result from the merger.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21191" NEWID="20596">
+<DATE>20-OCT-1987 14:56:25.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2811&#31;reute
+h f BC-TOLLAND-BANK-FSB-&lt;TOB   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOLLAND BANK FSB &lt;TOBK.O> 2ND QTR NET</TITLE>
+<DATELINE>    TOLLAND, Conn., Oct 20 - </DATELINE><BODY>Sept 30 end
+    Shr 27 cts
+    Net 313,000 vs 323,000
+    Six months
+    Shr 53 cts
+    Net 607,000 vs 636,000
+    Assets 107.8 mln vs 77.1 mln
+    NOTE: Company became public Dec 31, 1986
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21192" NEWID="20597">
+<DATE>20-OCT-1987 14:56:53.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2814&#31;reute
+f f BC-alex-brown   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALEX BROWN SAYS IT IS REFOCUSING ITS SYNDICATE BOND DESK AWAY FROM STRAIGHT DEBT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21193" NEWID="20598">
+<DATE>20-OCT-1987 14:58:36.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2817&#31;reute
+d f BC-WESTERN-CO-OF-NORTH-A   10-20 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTERN CO OF NORTH AMERICA &lt;WSN> 3RD QTR LOSS</TITLE>
+<DATELINE>    FORT WORTH, Texas, Oct 20 -
+    </DATELINE><BODY>Shr loss 39 cts vs loss 4.83 dlrs
+    Net 16.3 mln vs loss 223.0 mln
+    Revs 47.4 mln vs 30.7 mln
+    Nine mths
+    Shr loss 3.37 dlrs vs loss 7.30 dlrs
+    Net loss 151.6 mln vs loss 340.3 mln
+    Revs 118.9 mln vs 161.8 ml
+   
+    NOTE: 1987 qtr includes loss 1,500,000 dlrs for
+mobilization costs associated with two offshore drilling rigs.
+    1986 qtr includes charge 187 mln dlrs for write-down of
+oilfield services equipment and offshore drilling rigs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21194" NEWID="20599">
+<DATE>20-OCT-1987 14:59:22.71</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V Y 
+&#22;&#22;&#1;f2822&#31;reute
+f f BC-REFCO-SAYS-IT-I   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>REFCO SAYS IT IS NOT IN FINANCIAL DIFFICULTY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21195" NEWID="20600">
+<DATE>20-OCT-1987 14:59:36.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2824&#31;reute
+d f BC-COA-INDUSTRIES-&lt;   10-20 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COACHMEN INDUSTRIES &lt;COA> 3RD QTR NET</TITLE>
+<DATELINE>    ELKHART, IND., Oct 20 -
+    </DATELINE><BODY>Shr loss eight cts vs profit six cts
+    Net loss 669,609 vs profit 530,641
+    Sales 94.9 mln vs 83.9 mln
+    Avg shrs 7,934,064 vs 8,220,797
+    Nine mths
+    Shr profit 19 cts vs profit 55 cts
+    Net profit 1,494,218 vs profit 4,486,510
+    Sales 289.1 mln vs 276.6 mln
+    Avg shrs 7,930,961 vs 8,208,033
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21196" NEWID="20601">
+<DATE>20-OCT-1987 15:00:22.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2828&#31;reute
+h f BC-DEERFIELD-FEDERAL-SAV   10-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEERFIELD FEDERAL SAVINGS &lt;DEER.O> 4TH QTR NET</TITLE>
+<DATELINE>    DEERFIELD, Ill., Oct. 20 - </DATELINE><BODY>Period ended Sept 30
+    Shr 73 cts
+    Net 845,000 vs 454,000
+    Year
+    Shr 2.45 dlrs
+    Net 2,819,000 vs 2,007,000
+    Note: Company went public March 31, 1987.
+    Full name is Deerfield Federal Savings and Loan Association
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21197" NEWID="20602">
+<DATE>20-OCT-1987 15:01:02.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2830&#31;reute
+u f BC-RJR-NABISCO-&lt;RJR>-TO   10-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RJR NABISCO &lt;RJR> TO BUY FIVE MLN OF ITS SHARES</TITLE>
+<DATELINE>    ATLANTA, Oct 20 - </DATELINE><BODY>RJR Nabisco Inc said it will purchase up
+to five mln of its outstanding common shares.
+    The company said purchases under the ongoing program will
+be made on the open market or in negotiated transactions. It
+now has about 250.3 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21198" NEWID="20603">
+<DATE>20-OCT-1987 15:01:13.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2832&#31;reute
+r f BC-GRAPHIC-TECHNOLOGY-&lt;G   10-20 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRAPHIC TECHNOLOGY &lt;GRT> BEGINS STOCK REPURCHASE</TITLE>
+<DATELINE>    KANSAS CITY, Oct 20 - </DATELINE><BODY>Graphic Technology Inc said its board
+has authorized the periodic repurchase of up to 100,000 shares
+of common stock.
+    The company said the board believed that the stock has been
+undervalued in the market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21199" NEWID="20604">
+<DATE>20-OCT-1987 15:01:47.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2834&#31;reute
+d f BC-NORTECK-&lt;NTK>-UNIT-PO   10-20 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTECK &lt;NTK> UNIT POSTPONES INITIAL OFFERING</TITLE>
+<DATELINE>    PROVIDENCE, R.I., Oct 20 - </DATELINE><BODY>Nortek Inc said its Dixieline
+Products Inc subsidiary has postponed its planned initial
+offering of 1.6 mln shares of class A common stock
+    Nortek cited adverse and volatile market conditions as the
+reason for the decision.
+    Nortek said it may reconsider the offering when faovrable
+market conditions return.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21200" NEWID="20605">
+<DATE>20-OCT-1987 15:02:19.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2836&#31;reute
+d f BC-DIAMOND-CRYSTAL-&lt;DSLT   10-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIAMOND CRYSTAL &lt;DSLT.O> 2ND QTR SEPT 30 NET</TITLE>
+<DATELINE>    ST CLAIR, Mich, Oct 20 -
+    </DATELINE><BODY>Shr 69 cts vs 39 cts
+    Net 1,767,000 vs 1,007,000
+    Sales 32.3 mln vs 29.2 mln
+    Six mths
+    Shr 53 cts vs 12 cts
+    Net 1,348,000 vs 319,000
+    Sales 62.2 mln vs 55.2 mln
+    NOTE: Full name is Diamond Crystal Salt Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21201" NEWID="20606">
+<DATE>20-OCT-1987 15:02:43.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2838&#31;reute
+d f BC-KMW-SYSTEMS-CORP-&lt;KMW   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KMW SYSTEMS CORP &lt;KMW> 1ST QTR NET</TITLE>
+<DATELINE>    AUSTIN, Texas, Oct 20 - </DATELINE><BODY>Sept 30 end
+    Primary shr five cts vs eight cts
+    Diluted shr five cts vs eight cts
+    Net 100,000 vs 176,000
+    Revs 4,027,000 vs 3,649,000
+    Primary avg shrs 2,212,281 vs 2,189,000
+    Diluted avg shrs 2,212,281 vs 2,330,866
+    NOTE: 1986 results includes a tax credit of 90,000 dlrs
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21202" NEWID="20607">
+<DATE>20-OCT-1987 15:07:54.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2857&#31;reute
+f f BC-THOMSON-MCKINNO   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>THOMSON MCKINNON SECURITIES SAID IT IS HAVING NO FINANCIAL DIFFICULTIES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21203" NEWID="20608">
+<DATE>20-OCT-1987 15:08:04.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM Y 
+&#22;&#22;&#1;f2858&#31;reute
+u f BC-/TEXACO-&lt;TX>-SAYS-MAR   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> SAYS MARKET DROP MAY AFFECT TALKS</TITLE>
+<DATELINE>    HOUSTON, Oct 20 - </DATELINE><BODY>Texaco Inc chairman Alfred DeCrane said
+the massive stock market correction could affect any out of
+court settlement of the company's 10.3 billion dlr legal
+dispute with Pennzoil Co &lt;PZL>.
+    However, DeCrane refused to say whether the two companies
+were holding any settlement negotiations.
+    "Certainly the market shakeout might affect the way this is
+handled," DeCrane told reporters following a speech at a
+meeting of the International Association of Drilling
+Contractors.
+    "In this environment, cash looks very important."
+    DeCrane declined to say whether Texaco and Pennzoil had
+held any recent settlement talks, citing a confidentiality
+agreement between the two companies.
+    "A few months ago Texaco offered 100 mln dlrs cash, no
+strings attached just to take this appeal to the Texas Supreme
+Court," DeCrane said. He was referring to a non-settlement
+proposal that would have eliminated the threat of Pennzoil
+filing liens, or ownership rights, against Texaco property
+before the company filed for bankruptcy protection in April.
+    "I think that (the offer) looks pretty good now to a
+Pennzoil shareholder whose stock is trading around 30 or 40."
+    Settlement talks between the two companies reportedly broke
+down earlier this year after Pennzoil insisted it would not
+settle for less than four billion dlrs.
+    Since then, Texaco has asked the Texas State Supreme Court
+to review the 10.3 billion dlr judgment against it.
+    DeCrane also said it was not clear if the stock market drop
+could spur further consolidation in the oil patch.
+    "We know the value is there. The market fluctuation has not
+changed the value of the underlying assets," DeCrane said
+of publicly traded U.S. oil companies.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21204" NEWID="20609">
+<DATE>20-OCT-1987 15:09:07.08</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V Y RM 
+&#22;&#22;&#1;f2861&#31;reute
+u f BC-/C-AND-D-COMMODITIES   10-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>C AND D COMMODITIES DENIES FINANCIAL PROBLEMS</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>C and D Commodities, a major
+Chicago-based commodities firm, is not having any financial
+problems but has pulled out of the U.S. energy futures market
+because of excessive volatility, according to Dale Dellutri,
+executive consultant.
+    "We are not in any kind of financial problem at all but we
+will be out of the market because of the volatility," Dellutri
+said. "Individuals and customers are getting out," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21205" NEWID="20610">
+<DATE>20-OCT-1987 15:09:33.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2862&#31;reute
+f f BC-DOW-INDUSTRIALS   10-20 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW INDUSTRIALS UP 150 POINTS TO 1887
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21206" NEWID="20611">
+<DATE>20-OCT-1987 15:09:54.97</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2863&#31;reute
+u f BC-CCC-CONFIRMS-IS-PREPA   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCC PREPARING WHEAT CATALOGUE</TITLE>
+<DATELINE>    KANSAS CITY, OCT 20 - </DATELINE><BODY>The Kansas City Commodity Credit Corp
+office is preparing a wheat catalogue containing roughly 300
+mln bushels, scheduled to be released in the next two to three
+weeks, a CCC spokesman said.
+    The catalogue should include all CCC stocks stored at
+terminals and about 50 pct of the stocks stored at country
+elevators, the spokesman said. Hard red winter wheat should
+comprise the bulk of the stocks, followed by spring wheat, he
+said.
+    The release date is tentative in case there are snags in
+the catalogue's preparation, the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21207" NEWID="20612">
+<DATE>20-OCT-1987 15:10:23.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F 
+&#22;&#22;&#1;f2864&#31;reute
+u f BC-ALEX-BROWN-REFOCUSING   10-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALEX BROWN REFOCUSING CORPORATE SYNDICATE DESK</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Alex Brown and Sons Inc said it is
+refocusing its corporate syndicate desk away from underwriting
+straight corporate debt issues to emerging company debt and
+collateralized mortgage obligations.
+    Marc Schneebaum, director of financial management with Alex
+Brown, said the stock market's downturn did not prompt the
+decision.
+    "Actually, this is one of those ironies in timing. This
+(refocusing) had been discussed for some time," he said.
+    Alex Brown, based in Baltimore, is one of the larger
+regional securities firms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21208" NEWID="20613">
+<DATE>20-OCT-1987 15:11:06.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2866&#31;reute
+u f BC-ITALIAN-TREASURY-ECU   10-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALIAN TREASURY ECU BILL OFFER UNDERSUBSCRIBED</TITLE>
+<DATELINE>    ROME, Oct 20 - </DATELINE><BODY>The Italian treasury's first offer of 500
+mln worth of 373-day European Currency Unit (ECU) bills on the
+domestic market was hugely undersubscribed, Bank of Italy
+figures showed.
+    The Bank said market operators requested and were assigned
+127 mln of the offer, with the Bank of Italy taking up 150 mln.
+The remaining 223 mln went unassigned.
+    It was the first ECU-denominated offer by the Italian
+treasury in short-term paper. Previous ECU-denominated offers
+have been in medium-term Treasury certificates.
+    The Treasury said at the time of the offer that it was in
+response to operators wishing to diversify their portfolios.
+    Gross rates on the bill, which mature October 28 1988, is 9
+pct, giving an effective annual net yield of 7.88 pct.
+    The bills were priced at par and capital reimbursements and
+interest payments in lire will be determined on the basis of
+the lira-ECU exchange rate on October 26 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21209" NEWID="20614">
+<DATE>20-OCT-1987 15:12:44.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2873&#31;reute
+d f BC-MARKETS-SAFEGUARDS (SCHEDULED)  10-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. SAFETY NETS SHOULD BLOCK 1929-TYPE CRASH</TITLE>
+<AUTHOR>    By Michael Posner</AUTHOR>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Cascading global stock prices are
+evoking grim memories of the great market crash of 1929, but
+analysts are reminding investors of safeguards in place before
+they stash their savings under the mattress.
+    But some also say that while banking, securities and social
+laws written during the great depression should prevent a
+repeat of that dismal era, more protection still might have to
+be considered.
+   
+    And analysts caution that while new laws can deal with some
+problems, lawmakers can't legislate away fear--which  helped
+drive the New York Stock Exchange to its record 508-point Dow
+Jones index loss on Monday.
+    That 22.6 percent loss nearly doubled the Oct 29, 1929 
+loss of 11.7 percent. On the day before that year, the market
+fell nearly 13 per cent.
+    In a series of Reuters interviews with government,
+congressional and private analysts, most agreed safeguards
+exist to avoid a repeat of 1929 and its depression aftermath.
+    Charles Schultze, chairman of the president's Council of
+Economic Advisers under Jimmy Carter, said in an interview that
+"the safeguards should be adequate to avoid a repeat of 1929 to
+1933."
+    "The safeguards are fine," he said, "The safeguards are
+adequate to prevent a cascading liquidity failure. That's not
+the overall problem which is the dollar and trade deficits."
+    Schultze, now with the Brookings Institution think-tank,
+pointed to a weak Federal Reserve during the 1920s when "the Fed
+acted in the wrong way in 1929--it tightened money."
+   
+    Similarly, President Reagan's budget manager, James Miller,
+told Reuters the safeguards in place should be adequate.
+    And millionaire oilman and business takeover specialist T.
+Boone Pickens said the present safeguards should avoid any 1929
+situation.
+    "It is a much more sophisticated system, I don't see that a
+comparison is valid."
+    Marvin Kosters, director of economic policy studies at the
+conservative American Enterprise Institute, thinks the present
+safeguards will work.
+   
+    "The main thing is the understanding of the Federal Reserve
+of its responsibility to maintain liquidity in the economy," he
+said. "There is no reason why this (market fall) needs to spread
+into the real economy. Maybe it's better it happened at all."
+    Rex Hardesty of the huge labor confederation AFL-CIO said
+many of the present safeguards are not working, saying "only
+one-third of the unemployed are now receiving benefits."
+    He also called for an increase in the 3.35 dlr minimum wage
+which has not been raised since 1981.
+    One of the main things that appears different in 1987 than
+in 1929 is market psychology, analysts point out.
+    During those anything goes days of flappers and bathtub
+gin, the stock market was the road to riches that captured the
+savings of shoeshine boys to bank presidents. It was viewed as
+a highway to heaven with no turning back.
+    But happy days soon collapsed into a nationwide, hysterical
+panic with the stock market crash, wiping out paper millions
+and losing the life savings of many average investors as panic
+set in.
+    Brokers leaped from Wall Street skyscrapers. American banks
+closed for a  "holiday" in 1933 as depositors clamored to pull
+out their savings. The great depression followed leading into
+World War II.
+    Images of those days surfaced with the unprecedented sell
+off on Monday, but analysts maintained times are different.
+    House Banking committee specialist Jake Lewis said that
+bank investors should have no fears because their savings are
+now completely backed by the government. 
+    Even though there have been record bank failures --145 last
+year, 148 this year through today--everyone received their
+savings--unlike the millions lost when banks collapsed 60 years
+ago.
+     Banking deposits, then uninsured, now are fully insured by
+the government up to 100,000 dlrs for each saver.
+    As the depression swept the nation, President Franklin
+Roosevelt steered into law sweeping banking and securities
+reforms to deal with many of the problems that led to the crash
+and hurt people afterwards.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21210" NEWID="20615">
+<DATE>20-OCT-1987 15:13:03.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2876&#31;reute
+b f BC-LITTON-INDUSTRI   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LITTON INDUSTRIES SAYS BOARD RAISED SHARE REPURCHASE AUTHORITY BY TWO MLN SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21211" NEWID="20616">
+<DATE>20-OCT-1987 15:14:18.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2881&#31;reute
+u f BC-/REFCO-SAYS-NOT-IN-FI   10-20 0039</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REFCO SAYS NOT IN FINANCIAL DIFFICULTY</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Refco Inc denied it is having financial
+difficulties and said it did not halt oil futures trading
+today, John O'Connell, assistant vice president of research
+told Reuters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21212" NEWID="20617">
+<DATE>20-OCT-1987 15:15:13.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2884&#31;reute
+b f BC-INGERSOLL-RAND   100009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>INGERSOLL-RAND THIRD QTR PER SHARE 41 CTS VS 39 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21213" NEWID="20618">
+<DATE>20-OCT-1987 15:15:22.25</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2885&#31;reute
+r f BC-OWENS-ILLINOIS-&lt;OI>-E   10-20 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OWENS-ILLINOIS &lt;OI> EXTENDS BROCKWAY &lt;BRK> OFFER</TITLE>
+<DATELINE>    TOLEDO, Ohio, Oct 20 - </DATELINE><BODY>Owens-Illinois Inc said its
+subsidiary's 60 dlr a share cash tender offer for all the
+outstanding common shares of Brockway Inc has been extended to
+midnight October 30.
+    The offer had been scheduled to expire at midnight October
+21.
+    Owens-Illinois said that as of Oct 19, 1,598,789 common
+shares, or about 13 pct of the outstanding shares of Brockway
+have been tendered.
+    It said it and Brockway are preparing responses to the
+previously announced request for additional information from
+the Federal Trade Commission under the Hart-Scott-Rodino Act.
+    The Owens-Illinois subsidiary, which began the tender offer
+on September 23, will not be able to buy Brockway's common
+shares until 10 days following Owens-Illinois compliance with
+the FTC request or other conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21214" NEWID="20619">
+<DATE>20-OCT-1987 15:16:15.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2889&#31;reute
+r f BC-BANC-ONE-&lt;ONE>-TO-REP   10-20 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANC ONE &lt;ONE> TO REPURCHASE FIVE MLN SHARES</TITLE>
+<DATELINE>    COLUMBUS, Ohio, Oct 20 - </DATELINE><BODY>Banc One Corp said its board
+authorized the repurchase of up to 5,000,000 shares of its
+common stock.
+    The company currently has about 98.0 mln shares
+outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21215" NEWID="20620">
+<DATE>20-OCT-1987 15:20:25.99</DATE>
+<TOPICS><D>livestock</D><D>l-cattle</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L 
+&#22;&#22;&#1;f2909&#31;reute
+d f BC-WEST-VIRGINIA-FREE-OF   10-20 0139</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST VIRGINIA FREE OF TWO MAJOR CATTLE DISEASES</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>West Virginia has been declared free
+of tuberculosis and brucellosis from its cattle population, the
+U.S. Agriculture Department said.
+    It said a state is recognized as tuberculosis-free if no
+case of the disease is diagnosed for at least five years and if
+the state complies with the uniform methods and rules of the
+state-federal cooperative eradication program.
+    To achieve brucellosis-free status, a state's cattle
+population must remain uninfected for the previous 12 months.
+    There are 33 states, plus the U.S. Virgin Islands,
+classified as free of bovine tuberculosis and 24 states, plus
+Puerto Rico and the U.S. Virgin Islands, which have eradicated
+brucellosis. Only 20 states and the U.S. Virgin islands have
+eradicated both diseases, it noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21216" NEWID="20621">
+<DATE>20-OCT-1987 15:21:23.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2913&#31;reute
+u f BC-HOUSE-BUDGET-COMMITTE   10-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSE BUDGET COMMITTEE APPROVES U.S. BUDGET CUTS</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The House Budget Committee approved a
+package of 23 billion dlrs in taxes and budget cuts to reduce
+the 1988 budget deficit.
+    The 20-14 party-line vote by the Democratic-controlled
+committee sends the measure to the full House where House
+Speaker Jim Wright predicted passage next week.
+    The package--including 12 billion dlrs in taxes President
+Reagan has vowed to veto--was put together by other committees
+under a new budget law requiring a 23 billion dlr cut in the
+deficit to scale down the 1988 budget deficit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21217" NEWID="20622">
+<DATE>20-OCT-1987 15:21:26.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2914&#31;reute
+f f BC-NYSE-VICE-PRESI   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE VICE PRESIDENT SAID NYSE OFFICIALS TO HOLD NEWS CONFERENCE AT 1620 EDT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21218" NEWID="20623">
+<DATE>20-OCT-1987 15:23:07.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2919&#31;reute
+u f BC-THOMSON-MCKINNON-NOT   10-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THOMSON MCKINNON NOT IN FINANCIAL TROUBLE</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Thomson McKinnon Securities Inc said it
+is not having any financial difficulties following the 508
+point decline in the New York Stock Exchange on Monday.
+    The firm joined a long list of Wall Street securities
+companies that have been rumored to be in financial straits
+from losses caused in yesterday's selloff.
+    Earlier today, the NYSE said there were no major membe
+firms reporting any financial trouble. But, it said that H.B.
+Shaine and Co Inc of Grand Rapids, Mich. could not continue to
+do business.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21219" NEWID="20624">
+<DATE>20-OCT-1987 15:23:27.45</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM Y 
+&#22;&#22;&#1;f2920&#31;reute
+r f AM-GULF-CONGRESS   10-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US SENATE CUTS OFF STALL TACTICS ON GULF BILL</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Confronted by new hostilities
+involving U.S. forces in the Gulf, the U.S. Senate voted to end
+Republican stalling tactics and limit debate on a measure that
+could give Congress a larger role in Gulf policy.
+    The measure, however, does not require President Reagan to
+comply with the 1973 War Powers Act as does a related Senate
+bill. The controversial War Powers Act could require a pullout
+of U.S. forces from the Gulf.
+    The Senate voted 67-28 to stop a filibuster and limit
+debate to 30 hours on a bipartisan measure that requires Reagan
+to report to Congress on Gulf policy within 60 days and calls
+for a resolution to be passed in the House and Senate on the
+situation in the volatile waterway 30 days later.
+    The resolution could be about any Gulf-related issue,
+including an expression of support or of disapproval for
+Reagan's policy of protecting 11 Kuwaiti tankers from Iran in
+the waterway. The Pentagon said the 12th U.S.-protected convoy
+began moving through the Gulf early Tuesday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21220" NEWID="20625">
+<DATE>20-OCT-1987 15:24:19.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2924&#31;reute
+b f BC-PACIFIC-STOCK-E   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PACIFIC STOCK EXCHANGE SAYS IT RESUMED TRADING ON 17 HALTED EQUITIES OPTIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21221" NEWID="20626">
+<DATE>20-OCT-1987 15:24:31.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2926&#31;reute
+u f BC-LITTON-&lt;LIT>-RAISES-S   10-20 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LITTON &lt;LIT> RAISES SHARE BUYBACK LIMIT</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif., Oct 20 - </DATELINE><BODY>Litton Industries Inc said
+its board authorized an increase in the maximum number of
+shares to be repurchased under its stock buyback program to 4.5
+mln from 2.5 mln.
+    The company said the board initially authorized the stock
+buyback in October 1985 and since then about two mln common
+shares have been repurchased.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21222" NEWID="20627">
+<DATE>20-OCT-1987 15:25:24.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2933&#31;ute
+d f BC-FGIC-&lt;FGC>-TO-BUY-UP   10-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FGIC &lt;FGC> TO BUY UP TO 30 MLN DLRS OF STOCK</TITLE>
+<DATELINE>    NEW YORK, OCt 20 - </DATELINE><BODY>FGIC Corp said its board authorized the
+purchase at prevailing market prices of up to 30 mln dlrs of
+its common over the next 12 months.
+    The company said Goldman Sachs and Co will be acting as the
+company's agent for the shares buy back.
+    FGIC said it has about 23.7 mln shares of common currently
+listed and outstanding on the New YOrk STock Exchange.
+    FGIC is a wholly owned subsidiary of Financial Guaranty
+Insurance Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21223" NEWID="20628">
+<DATE>20-OCT-1987 15:27:16.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2941&#31;reute
+r f BC-INGERSOLL-RAND-CO-&lt;IR   10-20 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INGERSOLL-RAND CO &lt;IR> 3RD QTR NET</TITLE>
+<DATELINE>    WOODCLIFF LAKE, N.J., Oct 20 -
+    </DATELINE><BODY>Shr 41 cts vs 39 cts
+    Net 22.3 mln vs 20.4 mln
+    Revs 631.1 mln vs 644.8 mln
+    Avg shrs 51,551,000 vs 50,128,000
+    Nine months
+    Shr 1.16 dlrs vs 1.13 dlrs
+    Net 64.3 mln vs 59.6 mln
+    Revs 1.90 billion vs 2.03 billion
+    Avg shrs 50,868,000 vs 50,028,000
+   
+    NOTE: All results reflect five-for-two common stock split
+payable in the form of a stock dividend payable July 10, 1987.
+    1986 results include gains from retroactive adoption of new
+accounting rules for pension on Jan 1, 1986 of 2.6 mln and 7.7
+mln dlrs for third quarter and nine month periods,
+respectively.
+     Company redeemed its outstanding preference stock, 2.35
+dlrs convertible series on Sept 14, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21224" NEWID="20629">
+<DATE>20-OCT-1987 15:27:53.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2942&#31;reute
+b f BC-NYSE-TO-HOLD-NEWS-CON   10-20 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE TO HOLD NEWS CONFERENCE AFTER CLOSE</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>The vice president of the New York Stock
+Exchange, Richard Torenzano, said NYSE officials would hold a
+news conference at 1620 EDT/2020 GMT at the New York Stock
+Exchange.
+    Torenzano spoke as the market staged another blue chip
+rally in the final hour of trading.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21225" NEWID="20630">
+<DATE>20-OCT-1987 15:27:58.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2943&#31;reute
+h f BC-SJW-CORP-&lt;SJW>-3RD-QT   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SJW CORP &lt;SJW> 3RD QTR NET</TITLE>
+<DATELINE>    SAN JOSE, Calif., Oct 20 -
+    </DATELINE><BODY>Shr 1.15 dlrs vs 1.22 dlrs
+    Net 3,301,000 vs 3,466,000
+    Revs 21.2 mln vs 20.8 mln
+    Nine Mths
+    Shr 2.38 dlrs vs 2.58 dlrs
+    Net 6,873,000 vs 7,397,000
+    Revs 51.6 mln vs 50.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21226" NEWID="20631">
+<DATE>20-OCT-1987 15:28:26.99</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>james-baker</D><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2945&#31;reute
+u f BC-STOLTENBERG-SAYS-CRIT   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG SAYS CRITICISM NOT "ONE-WAY STREET"</TITLE>
+<DATELINE>    BONN, Oct 20 - </DATELINE><BODY>Finance Minister Gerhard Stoltenberg said he
+was surprised by recent criticism of West German economic
+policies voiced by U.S. Treasury Secretary James Baker but
+added that the criticism was not purely one-sided.
+    Stoltenberg told the West German Trade and Industry
+Association (DIHT) that before a meeting with Baker on Monday,
+"There had been surprising notes of criticism (from the United
+States)." He added. "Criticism is not a one-way street."
+    He did not elaborate, but Bonn has often called on the U.S.
+To reduce its federal budget deficit.
+    Over the weekend Baker had criticised West German economic
+policies, saying that rises in domestic interest rates here
+were not in the spirit of last February's Louvre pact to
+stabilise currencies.
+    Stoltenberg told the DIHT that his meeting on Monday with
+Baker had resolved differences between the two countries.
+    At a news conference earlier on Tuesday Stoltenberg had
+declined to comment specifically on Baker's criticisms, but he
+had said that after three hours of discussions on Monday, "one
+remark or another has been clarified."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21227" NEWID="20632">
+<DATE>20-OCT-1987 15:28:37.56</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2946&#31;reute
+u f AM-GULF-SILKWORM-(NEWS-A NALYSIS)  10-20 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US RULED OUT ATTACK ON IRANIAN SILKWORMS</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>U.S. military planners ruled out
+Iran's Silkworm missiles as a target in the retaliatory attack
+mounted on Monday for fear of being drawn more deeply into the
+Iran-Iraq war, defense and Middle East experts said.
+    U.S. naval forces destroyed an offshore oil platform and
+raided another in what the administration called a "measured and
+appropriate response" to an Iranian Silkworm missile attack last
+Friday on a U.S.-flagged tanker in Kuwaiti waters.
+    Private analysts generally agreed that going after the rig
+rather than an onshore economic or military target such as
+Silkworm launch sites reflected a careful bid by Washington to
+limit the political, military and diplomatic fallout both at
+home and in the Gulf.
+    "It simply demonstrated the United States will take military
+action when they (Iran) take military action," Norman Polmar, a
+defense analyst and author, said.
+    He said hitting the platforms had spared Iran the
+embarrassment of casualties on its own soil, possibly avoiding
+an escalating spiral of attack and counterattack.
+    In addition, it minimized the risk to U.S. forces and the
+potential embarrassment of any losses, including aircraft that
+could have been shot down had they taken part in an attack.
+    Anthony Cordesman, author of a new book on the Iran-Iraq
+war, said the United States apparently chose a limited target
+to keep alive the possibility that U.N. Secretary General
+Javier Perez de Cuellar might still persuade Iran to accept a
+Security Council call for a ceasefire.
+    "We want the U.N. peace initiative to work if there's any
+chance at all," he said, adding that the action made it clear
+tougher steps would follow if Iran to attack Gulf shipping.
+
+   In targeting an oil rig -- albeit one said by the Pentagon
+to have been turned into a military command post -- Washington
+also sent a message that it might be willing to attack Iran's
+economic lifeline. Pentagon officials said the platform had
+been used as a base for Iranian raids against shipping in the
+lower Gulf.
+    "We have chosen a military target, but we also have shown
+Iran that we are willing to interfere with its oil-exporting
+capabilities," Cordesman said.
+    He predicted the United States would respond to any future
+major Iranian challenges by hitting Iran's naval base at Bandar
+Abbas on the Straits of Hormuz, followed by mining the
+approaches to Iran's oil export terminal on Kharg Island.
+    Defense Secretary Caspar Weinberger said on Monday the
+United States did not seek further confrontation with Iran, "but
+we will be prepared to meet any escalation of military action
+by Iran with stronger countermeasures." 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21228" NEWID="20633">
+<DATE>20-OCT-1987 15:28:49.24</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2948&#31;reute
+f f BC-ALLIED-BANCSHAR   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALLIED BANCSHARES INC 3RD QTR NET LOSS 104.2 MLN VS LOSS 46.4 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21229" NEWID="20634">
+<DATE>20-OCT-1987 15:29:11.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2952&#31;reute
+r f BC-ADOBE-RESOURCES-CORP   10-20 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADOBE RESOURCES CORP &lt;ADB> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr loss two cts vs loss 41 cts
+    Net profit 4,134,000 vs loss 3,682,000
+    Revs 22.8 mln vs 23.5 mln
+    Nine mths
+    Shr profit 44 cts vs loss 1.99 dlrs
+    Net profit 25.6 mln vs loss 26.8 mln
+    Revs 73.4 mln vs 86.7 mln
+    NOTE: 1987 qtr and nine mths includes gain 1,374,000 dlrs,
+or five cts per share, and 10.2 mln dlrs, or 41 cts per share,
+respectively, from net operating loss carryforward.
+    1987 qtr and nine mths includes loss 4,850,000 dlrs, or 16
+cts per share, and loss 14.6 mln dlrs, or 58 cts per share,
+respectively, from payment of preferred dividends.
+    1986 qtr and nine mths includes loss 4,850,000 dlrs, or 23
+cts per share, and 14.6 mln dlrs, or 70 cts per share,
+respectively, from payment of preferred dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21230" NEWID="20635">
+<DATE>20-OCT-1987 15:29:19.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2953&#31;reute
+r f BC-AEG-TO-REORGANIZE-ENE   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AEG TO REORGANIZE ENERGY BUSINESS</TITLE>
+<DATELINE>    FRANKFURT, Oct 20 - </DATELINE><BODY>Electrical engineering group AEG AG
+&lt;AEGG.F>, in which Daimler-Benz AG &lt;DAIG.F> has a majority, is
+reorganizing its energy business, AEG said in a statement.
+    AEG will invest 250 mln marks over the next three years in
+a new turbines, electrical machinery and power station plant
+division, which will include its &lt;AEG Kanis GmbH> subsidiary.
+    The investment includes a new turbine factory for AEG Kanis
+in Essen, and the restructuring of AEG's Nuremberg works into a
+specialized components and rotor factory.
+    The project is part of the Daimler group's energy
+technology strategy, AEG said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21231" NEWID="20636">
+<DATE>20-OCT-1987 15:29:45.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE><D>lawson</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f2956&#31;reute
+u f BC-NO-NEED-TO-STATE-U.K.   10-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NO NEED TO STATE U.K. SUPPORT FOR SYSTEM-LAWSON</TITLE>
+<DATELINE>    LONDON, Oct 20 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson said there is more confidence in British financial
+institutions than in U.S. Equivalents, so there is no need for
+an official statement that the Bank of England will provide
+liquidity to the U.K. Financial system.
+    "Our institutions are in a stronger position, I think, and
+the state of confidence is very much higher in this country so
+I see no need for the Bank of England...To make any statement
+of that kind," he said in an interview on Channel Four
+television.
+    Earlier a pledge to provide such liquidity from U.S.
+Federal Reserve Board chairman Alan Greenspan reassured world
+markets.
+    Lawson said the Bank of England also saw no reason to
+provide such reassurance.
+    The Bank of England had earlier declined comment.
+    Analysts said Greenspan's pledge that the Fed would stand
+behind the U.S. Financial system reassured markets that the
+current turmoil should not spill over into the rest of the
+economy through a crisis in a financial institution caught out
+by heavy equity price losses and bond price volatility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21232" NEWID="20637">
+<DATE>20-OCT-1987 15:31:05.74</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2965&#31;reute
+f f BC-ussr-export-sale   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORTERS REPORT 125,000 TONNES OF  CORN SOLD TO USSR FOR 1987/88
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21233" NEWID="20638">
+<DATE>20-OCT-1987 15:31:18.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2967&#31;reute
+r f BC-ALASKA-AIR-&lt;ALK>-TO-B   10-20 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALASKA AIR &lt;ALK> TO BUY BACK STOCK</TITLE>
+<DATELINE>    SEATTLE, Oct 20 - </DATELINE><BODY>Alaska Air Group Inc said its board
+authorized management to repurchase up to 320,000 common shares
+in the open market from time to time.
+    The company said its current stock price does not reflect
+its full value.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21234" NEWID="20639">
+<DATE>20-OCT-1987 15:31:35.29</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2969&#31;reute
+r f BC-KENNER-PARKER-TOYS-IN   10-20 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENNER PARKER TOYS INC &lt;KPT> 3RD QTR OPER</TITLE>
+<DATELINE>    BEVERLY, Mass., Oct 20 -
+    </DATELINE><BODY>Oper shr 1.22 dlrs vs 88 cts
+    Oper net 13.5 mln vs 11.7 mln
+    Revs 139.1 mln vs 160.5 mln
+    Nine mths
+    Oper shr 2.00 dlrs vs 1.15 dlrs
+    Oper net 22.8 mln vs 15.4 mln
+    Revs 348.8 mln vs 385.9 mln
+    NOTE: 1987 3rd qtr and nine mths oper net excludes gains
+from tax loss carryforwards of 3,067,000 dlrs and 8,548,000
+dlrs respectively. 1986 3rd qtr and nine mths oper net excludes
+tax carryforward gains of 7,446,000 dlrs and 9,814,000 dlrs,
+respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21235" NEWID="20640">
+<DATE>20-OCT-1987 15:31:50.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2970&#31;reute
+d f BC-TENNANT-CO-&lt;TANT.O>-3   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENNANT CO &lt;TANT.O> 3RD QTR NET</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 20 -
+    </DATELINE><BODY>Shr 50 cts vs 47 cts
+    Net 2,646,000 vs 2,611,000
+    Sale 41.4 mln vs 38.7 mln
+    Nine mths
+    Shr 1.13 dlrs vs 1.04 dlrs
+    Net 6,038,000 vs 5,545,000
+    Sales 117.2 mln vs 108.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21236" NEWID="20641">
+<DATE>20-OCT-1987 15:32:55.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2974&#31;reute
+d f BC-WELBILT-&lt;WELB.O>-ACQU   10-20 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELBILT &lt;WELB.O> ACQUIRES FOOD HANDLING SYSTEMS</TITLE>
+<DATELINE>    NEW HYDE PARK, N.Y., Oct 20 - </DATELINE><BODY>Welbilt Corp said it acquired
+&lt;Food Handling Systems Inc> of Dallas, a producer of commercial
+ovens, conveyers and proofer systems.
+    Terms of the transaction were not disclosed.
+    Food Handling, which also produces equipment for the
+commercial baking industry, was privately owned by Richard
+Shumway of Mesa, Ariz., and Vic Ferrara of Dallas, both of whom
+will remain with the company.
+    The company has manufacturing facilities in Dallas and
+Phoenix.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21237" NEWID="20642">
+<DATE>20-OCT-1987 15:33:59.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2981&#31;reute
+u f BC-PACIFIC-STOCK-EXCHANG   10-20 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC STOCK EXCHANGE RESUMES SOME OPTIONS</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 20 - </DATELINE><BODY>The Pacific Stock Exchange said it
+has resumed trading on 17 of the equities options that were
+halted earlier because of conditions in the underlying
+securities.
+    At 1044, pdt the exchange announced it had halted trading
+on 30 such options.
+    The exchange did not indicate when it might resume trading
+on the remaining options.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21238" NEWID="20643">
+<DATE>20-OCT-1987 15:34:02.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2982&#31;reute
+f f BC-UNITED-TECHNOLOGIES-S   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNITED TECHNOLOGIES SAYS IT AUTHORIZES BUYBACK OF SIX MLN COMMON SHARES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21239" NEWID="20644">
+<DATE>20-OCT-1987 15:34:47.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2983&#31;reute
+d f BC-BEST-&lt;BES>-TO-BUY-BAC   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEST &lt;BES> TO BUY BACK TWO MLN SHARES</TITLE>
+<DATELINE>    RICHMOND, Va., Oct 20 - </DATELINE><BODY>Best Products Co Inc said 
+planned to repurchase up to two mln shares of its common for
+employee benefit plans and general corporate purposes.
+    Best has about 27.1 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21240" NEWID="20645">
+<DATE>20-OCT-1987 15:35:20.92</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>wheat</D><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2985&#31;reute
+b f BC-ussr-export-sale   10-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USDA REPORTS CORN SOLD TO USSR</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Private exporters reported sales of
+125,000 tonnes of U.S. corn to the Soviet Union for delivery
+during the 1987/88 season and under the fifth year of the Long
+Term Grain Supply Agreement.
+    The department noted the sales are the first reported for
+delivery during the fifth year of the Agreement, which began
+October 1, 1987.
+    Sales of wheat and corn to the USSR for delivery during the
+fourth year of the agreement totaled 8,182,500 tonnes --
+4,080,500 tonnes of wheat and 4,102,300 tonnes of corn. In
+addition, sales of soybeans totaled 68,200 tonnes, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21241" NEWID="20646">
+<DATE>20-OCT-1987 15:35:51.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2986&#31;reute
+h f BC-DE-LAURENTIIS-ENTERTA   10-20 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DE LAURENTIIS ENTERTAINMENT &lt;DEG> 2ND QTR LOSS</TITLE>
+<DATELINE>    LOS ANGELES, Oct 20 - </DATELINE><BODY>Period ended August 31.
+    Shr loss 52 cts vs profit 16 cts
+    Net loss 4,987,000 vs profit 1,570,000
+    Revs 18.0 mln vs 24.7 mln
+    Six Mths
+    Shr loss 2.14 dlrs vs loss seven cts
+    Net loss 20,525,000 vs loss 557,000
+    Revs 25.6 mln vs 30.8 mln
+    Note: Full name De Laurentiis Entertainment Group Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21242" NEWID="20647">
+<DATE>20-OCT-1987 15:36:01.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2987&#31;reute
+r f BC-FUR-VAULT-&lt;FRV>-TO-BU   10-20 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FUR VAULT &lt;FRV> TO BUY BACK THREE MLN SHARES</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>The Fur Vault Inc said it will
+repurchase up to 3,000,000 shares of its common stock.
+    The company has 13,222,873 shares ot common stock issued
+and outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21243" NEWID="20648">
+<DATE>20-OCT-1987 15:36:49.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2991&#31;reute
+r f BC-ALBANY-INTERNATIONAL   10-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALBANY INTERNATIONAL CORP &lt;AAICA.O> 3RD QTR NET</TITLE>
+<DATELINE>    ALBANY, N.Y., Oct 20 -
+    </DATELINE><BODY>Shr 27 cts vs 17 cts
+    Net 5,584,000 vs 4,276,000
+    Revs 97.7 mln vs 83.9 mln
+    Nine mths
+    Shr 84 cts vs 39 cts
+    Net 17.7 mln vs 9,848,000
+    Revs 290.8 mln vs 241.8 mln
+    Avg shrs 21.1 mln vs 25.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21244" NEWID="20649">
+<DATE>20-OCT-1987 15:37:44.67</DATE>
+<TOPICS><D>trade</D><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>luxembourg</D><D>spain</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2997&#31;reute
+r f BC-SPAIN-APPEALS-FOR-EC   10-20 0129</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPAIN APPEALS FOR EC HELP ON MAIZE IMPORTS</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 20 - </DATELINE><BODY>Spanish farm minister Carlos Romero,
+speaking at a meeting of EC farm ministers, called for action
+to help the Spanish maize market, Spanish diplomatic sources
+said.
+    Spain is threatened with massive imports from third
+countries by the end of the year, they said.
+    They said the imports are due to come in as a result of the
+accord by which the EC has promised the United States it will
+import two mln tonnes of maize and 300,000 tonnes of sorghum
+into Spain from third countries this year.
+    Around a sixth of this tonnage has so far come in under a
+reduced levy system and the EC cereals management committee may
+decide this week to authorise the Spanish intervention board to
+make direct purchases.
+    The sources said Romero urged that other EC countries
+should take some of the imports to prevent disturbance of the
+Spanish market.
+    They said he threatened to withhold support for the EC
+Commission plan for new limits on farm output which if breached
+would mean price cuts unless Spain received some help.
+    The sources said no direct reply was given to Romero at the
+meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21245" NEWID="20650">
+<DATE>20-OCT-1987 15:37:54.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2998&#31;reute
+r f BC-AMERICAN-BUSINESS-PRO   10-20 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN BUSINESS PRODUCTS INC &lt;ABP> 3RD QTR</TITLE>
+<DATELINE>    ATLANTA, Oct 20 -
+    </DATELINE><BODY>Shr 40 cts vs eight cts
+    Net 2,292,000 vs 465,000
+    Revs 81.9 mln vs 78.9 mln
+    Nine mths
+    Shr 1.20 dlrs vs 1.01 dlrs
+    Net 6,842,000 vs 5,755,000
+    Revs 244.7 mln vs 234.2 mln
+    NOTE: 1986 qtr and nine mths includes loss 2,223,000 dlrs,
+or 39 cts per share, from unspecified extraordinary item.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21246" NEWID="20651">
+<DATE>20-OCT-1987 15:38:56.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3003&#31;reute
+u f BC-ALLIED-BANCSHARES-INC   10-20 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED BANCSHARES INC &lt;ALBN.O> 3RD QTR LOSS</TITLE>
+<DATELINE>    HOUSTON, Oct 20 -
+    </DATELINE><BODY>Shr loss 2.51 dlrs vs loss 1.12 dlrs
+    Net loss 104.2 mln vs loss 46.4 mln
+    Nine mths
+    Shr loss 5.80 dlrs vs loss 52 cts
+    Net loss 240.9 mln vs loss 21.7 mln
+    NOTE: 1987 qtr and nine mths includes loss 123.6 mln dlrs
+and 286.0 mln dlrs, respectively, for loan-loss allowance
+provision. 1987 qtr includes gain 9.4 mln dlrs from tax
+benefit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21247" NEWID="20652">
+<DATE>20-OCT-1987 15:39:25.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3006&#31;reute
+a f BC-CENTRAL-BANKING-SYSTE   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTRAL BANKING SYSTEM INC &lt;CSYS.O> 3RD QTR NET</TITLE>
+<DATELINE>    WALNUT CREEK, Calif, Oct 20 -
+    </DATELINE><BODY>Shr 39 cts vs 27 cts
+    Net 1,713,000 vs 1,207,000
+    Nine Mths
+    Shr 1.13 dlrs vs 70 cts
+    Net 4,935,000 vs 4,352,000
+    Loans 843.2 mln vs 937.2 mln
+    Deposits 954.1 mln vs 1.043 billion
+    Assets 1.09 billion vs 1.19 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21248" NEWID="20653">
+<DATE>20-OCT-1987 15:39:39.85</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3008&#31;reute
+r f BC-OUTER-CONTINENTAL-SHE   10-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OUTER CONTINENTAL SHELF SALE POSTPONED</TITLE>
+<DATELINE>    ANCHORAGE, Oct 20 - </DATELINE><BODY>Outer Continental Shelf oil and gas
+lease sale number 97 in the Beaufort Sea, tentatively
+schedualed for January 1988 has been postponed, the U.S.
+Department of Interior said.
+    Alan Powers, chief of the Minerals Maanagement Service for
+the department, said the delay is to have more time to study
+the effects of drilling noise on whale migrations.
+    Powers said the state has asked for additional noise data
+for the sale area off Alaska's North Slope. A new date has not
+been set, but it will likely be no sooner than next March,
+Powers said.
+    Some 3,930 blocks encompassing about 21 mln acres are
+involved in the proposed sale. The area is between three and
+160 miles off the northern coast of Alaska in the Artic Ocean
+between the Canadian border and 162 degrees west longitude.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21249" NEWID="20654">
+<DATE>20-OCT-1987 15:39:43.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3009&#31;reute
+d f BC-SEACOAST-BANKING-CORP   10-20 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEACOAST BANKING CORP OF FLORIDA &lt;SBCF.O> 3RD</TITLE>
+<DATELINE>    STUART, Fla., Oct 20 -
+    </DATELINE><BODY>Shr 44 cts vs 33 cts
+    Net 1,026,000 vs 769,000
+    Nine mths
+    Shr 1.30 dlrs vs 1.06 dlrs
+    Net 3,035,000 vs 2,472,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21250" NEWID="20655">
+<DATE>20-OCT-1987 15:40:05.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3010&#31;reute
+d f BC-COEUR-D'ALENE-MINES-C   10-20 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COEUR D'ALENE MINES CORP &lt;COUR.O> 3RD QTR NET</TITLE>
+<DATELINE>    COEUR D'ALENE, Idaho, Oct 20 -
+    </DATELINE><BODY>Shr profit 47 cts vs loss 38 cts
+    Net profit 4,767,000 vs loss 2,623,000
+    Revs 23.7 mln vs 3,629,000
+    Avg shrs 11,242,166 vs 6,895,290
+    Nine Mths
+    Shr profit 89 cts vs loss 49 cts
+    Net profit 7,726,000 vs loss 3,350,000
+    Revs 38.8 mln vs 7,172,000
+    Avg shrs 9,410,497 vs 6,895,290
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21251" NEWID="20656">
+<DATE>20-OCT-1987 15:40:14.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>james-baker</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3011&#31;reute
+u f AM-REAGAN-POLITICS   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SCRUBS RECEPTION TO KEEP EYE ON MARKET</TITLE>
+<DATELINE>    WASHINGTON, Oct 20, Reuter - </DATELINE><BODY>President Reagan cancelled a
+reception for Republican presidential candidates on Tuesday in
+an apparent effort to make room in his schedule for a meeting
+on stock market developments.
+    "The postponement is being made to accomodate the
+president's schedule today. The president continues to follow
+developments in the stock market," the White House said.
+    There was speculation that Reagan would meet with Treasury
+Secretary James Baker and Federal Reserve Board chairman Alan
+Greenspan at 4 PM EDT, which was when the reception was to have
+taken place.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21252" NEWID="20657">
+<DATE>20-OCT-1987 15:40:35.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3014&#31;reute
+a f BC-STRATHCONA-RESOURCE-&lt;   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRATHCONA RESOURCE &lt;SRH.TO> 3RD QTR AUG 31 NET</TITLE>
+<DATELINE>    EDMONTON, Alberta, Oct 20 -
+    </DATELINE><BODY>Shr profit two cts vs nil
+    Net profit 403,000 vs loss 51,000
+    Revs 9,609,000 vs 4,495,000
+    Nine mths
+    Shr loss one ct vs loss four cts
+    Net loss 171,000 vs loss 799,000
+    Revs 17.6 mln vs 13.3 mln
+    NOTE: Full name is Strathcona Resource Industries Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21253" NEWID="20658">
+<DATE>20-OCT-1987 15:40:42.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3015&#31;reute
+d f BC-CORPORATE-SOFTWARE-IN   10-20 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORPORATE SOFTWARE INC &lt;CSOF.O> 3RD QTR NET</TITLE>
+<DATELINE>    WESTWOOD, Mass., Oct 20 -
+    </DATELINE><BODY>Shr 13 cts vs 12 cts
+    Net 470,000 vs 311,000
+    Revs 15.8 mln vs 8,176,000
+    Avg shrs 3,723,000 vs 2,512,000
+    Nine mths
+    Shr 36 cts vs 43 cts
+    Net 1,138,000 vs 993,000
+    Revs 40.5 mln vs 21.9 mln
+    Avg shrs 3,199,000 vs 2,283,000
+   
+    NOTE: 1986 includes extraordinary credit of 160,000 or six
+cts per shr in qtr 1986 and 511,000 or 22 cts per shr in nine
+mths 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21254" NEWID="20659">
+<DATE>20-OCT-1987 15:40:57.38</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3016&#31;reute
+a f BC-TEKELEC-&lt;TKLC.O>-3RD   10-20 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEKELEC &lt;TKLC.O> 3RD QTR NET</TITLE>
+<DATELINE>    CALABASAS, Calif., Oct 20 -
+    </DATELINE><BODY>Shr nine cts vs 12 cts
+    Net 336,000 vs 433,000
+    Revs 4,369,000 vs 3,671,000
+    Nine Mths
+    Shr seven cts vs 33 cts
+    Net 249,000 vs 1,112,000
+    Revs 12.0 mln vs 10.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21255" NEWID="20660">
+<DATE>20-OCT-1987 15:42:00.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3020&#31;reute
+w f BC-SUSQUEHANNA-CORP-&lt;SQN   10-20 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUSQUEHANNA CORP &lt;SQN> 3RD QTR NET</TITLE>
+<DATELINE>    DENVER, Colo., Oct 20 -
+    </DATELINE><BODY>Shr 17 cts vs seven cts
+    Net 1,660,0009 vs 653,000
+    Revs 21.0 mln vs 20.6 mln
+    Nine mths
+    Shr 34 cts vs 12 cts
+    Net 3,320,000 vs 1,109,000
+    Revs 60.1 mln vs 57.4 mln
+    NOTE: Net includes loss from discontinued operations of
+198,000 or two cts per shr in qtr 1986 and 1,425,000 or 15 cts
+per shr in nine mths 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21256" NEWID="20661">
+<DATE>20-OCT-1987 15:42:09.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3021&#31;reute
+d f BC-ADVO-SYSTEM-&lt;ADVO.O>   10-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ADVO-SYSTEM &lt;ADVO.O> BUYS ITS WARRANTS</TITLE>
+<DATELINE>    WINDSOR, Conn., Oct 20 - </DATELINE><BODY>ADVO-System Inc said about 225,000
+of its warrants have been purchased at a cost of about 2.3 mln
+dlrs.
+    It said part of the cost of this private transaction will
+be borne by &lt;Telemundo Group Inc>, successor to ADVO-System's
+former parent &lt;John Blair and Co>.
+    ADVO-system said the purchase of the warrants reduces its
+obligation to issue common by about 800,000 shares.
+   
+    As a result of this and other, similar moves, the company's
+average shares outstanding to be used for computation of
+earnings per share in fiscal 1988 will be about 2.3 mln less
+than that reported for the year ended September 30, ADVO-System
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21257" NEWID="20662">
+<DATE>20-OCT-1987 15:43:09.04</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM Y 
+&#22;&#22;&#1;f3024&#31;reute
+r f BC-ECUADOR'S-CEPE-NAMES   10-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR'S CEPE NAMES NEW HEAD</TITLE>
+<DATELINE>    QUITO, Oct 20 - </DATELINE><BODY>The state-run Ecuadorean State Oil
+Corporation (CEPE) has named Jaime Sanchez Valdivieso as its
+new general manager replacing Carlos Romo Leroux, a CEPE
+spokesman said.
+    The spokesman told Reuters Sanchez is a 46-year-old civil
+engineer who formerly headed CEPE's administration and finances
+division.
+    Romo Leroux resigned last week for "personal and family"
+reasons, the spokesman said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21258" NEWID="20663">
+<DATE>20-OCT-1987 15:44:46.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3028&#31;reute
+u f BC-UNITED-TECH-&lt;UTX>-SET   10-20 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED TECH &lt;UTX> SETS COMMON SHARE BUYBACK</TITLE>
+<DATELINE>    HARTFORD, Conn., Oct 20 - </DATELINE><BODY>United Technologies Corp said its
+board authorized management at its discretion to buy up to six
+mln shares of the company's common stock in the open market.
+    "We are taking this action because the price of the stock
+represents an excellent buying opportunity," the company said
+in a statement.
+    The military, commercial and industrial products company
+had about 131.6 mln shares outstanding at Sept 30.
+    Its shares were trading off 1-3/4 at 37-1/4 late in the
+day.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21259" NEWID="20664">
+<DATE>20-OCT-1987 15:45:14.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3030&#31;reute
+f f BC-NL-INDUSTRIES-I   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NL INDUSTRIES INC 3RD QTR NET PROFIT 18.2 MLN VS LOSS 23.9 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21260" NEWID="20665">
+<DATE>20-OCT-1987 15:45:51.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3033&#31;reute
+d f BC-UNION-CAMP-&lt;UCC>-TO-B   10-20 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION CAMP &lt;UCC> TO BUY BACK SHARES</TITLE>
+<DATELINE>    WAYNE, N.J., Oct 20 - </DATELINE><BODY>Union Camp Corp said its board
+approved repurchases of up to two mln shares of its common in
+the market or in privately negotiated transactions.
+    Union Camp said that no borrowings will be required to make
+the purchases and there is no plan to reissue the common stock
+purchased.
+    Union Camp has about 73.7 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21261" NEWID="20666">
+<DATE>20-OCT-1987 15:47:06.13</DATE>
+<TOPICS><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f3040&#31;reute
+r f BC-BROOKLYN-UNION-&lt;BU>-T   10-20 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROOKLYN UNION &lt;BU> TO BUY GAS FROM SHELL OIL</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Brooklyn Union Gas Co said it has
+contracted to purchase up to 60 mln cubic feet of natural gas
+per day from Shell Oil Co, a Royal Dutch/Shell Group &lt;RD> &lt;SC>
+subsidiary.
+    Brooklyn Union said the long-term contract will cover about
+15 pct of its total supplies.
+    A spokesman said Shell and the utility agreed to not
+disclose the length of the contract or the price of the gas,
+which he described as competitive with a market sensitive
+escalation formula.
+   
+    Brooklyn Union said the gas from Shell Oil will replace
+about 25 pct of the gas previously supplied by Transco Energy
+Inc's &lt;E> Transcontinental Gas Pipe Line Corp subsidiary.
+    The utility said Transcontinental will transport the gas
+being purchased from Shell Oil, possibly beginning as soon as
+November 1.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21262" NEWID="20667">
+<DATE>20-OCT-1987 15:47:56.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3044&#31;reute
+u f BC-AMEX-SAYS-BEAR-STEARN   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMEX SAYS BEAR STEARNS BOUGHT SPECIALIST UNIT</TITLE>
+<DATELINE>    NEW YORK, Oct. 20 - </DATELINE><BODY>The American Stock Exchange said, as
+previously reported, that Bear Stearns and Co &lt;BSC> has
+purchased &lt;W. Damm, M. Frank and Co>, a specialist unit on the
+Amex trading floor.
+    Amex said the unit, which trades stocks and options is
+small in comparison to other specialist units. The personel and
+operations remain the same, the exchange added.
+    The price was not disclosed.
+    A specialist unit is authorized by a stock exchange to deal
+as an agent for other brokers to keep a stable market in one or
+more particular stocks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21263" NEWID="20668">
+<DATE>20-OCT-1987 15:48:22.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3047&#31;reute
+d f BC-DINNER-BELL-FOODS-INC   10-20 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DINNER BELL FOODS INC &lt;DINB.O> 1ST QTR SEPT 26</TITLE>
+<DATELINE>    DEFIANCE, Ohio, Oct 20 -
+    </DATELINE><BODY>Shr 4.41 dlrs vs seven cts
+    Qtly div 10 cts vs 10 cts in prior qtr
+    Net 2,955,000 vs 75,000
+    Sales 72.7 mln vs 70.0 mln
+    NOTE: Net includes pre-tax gain of 7,813,0000 dlrs from
+termination of retirement plan for salaried employees and
+875,000 dlrs charge for reorganization costs
+    Dividend payable November 17 to holders of record November
+two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21264" NEWID="20669">
+<DATE>20-OCT-1987 15:48:31.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3048&#31;reute
+d f BC-PETROLANE-PARTNERS-L.   10-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PETROLANE PARTNERS L.P. &lt;LPG> 3RD QTR LOSS</TITLE>
+<DATELINE>    LONG BEACH, Calif, Oct 20 -
+    </DATELINE><BODY>Shr loss five cts vs profit six cts
+    Net loss 1,200,000 vs profit 1,400,000
+    Nine mths
+    Shr profit 1.00 dlrs vs profit 84 cts
+    Net profit 23.7 mln vs profit 19.9 mln
+    NOTE: Year ago results are pro forma since the company was
+created in March by the transfer to a master limited
+partnership of all domestic assets of Petrolane Inc's liquefied
+petroleum gas division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21265" NEWID="20670">
+<DATE>20-OCT-1987 15:49:07.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3051&#31;reute
+d f BC-EASTEK-CORP-&lt;ESTK.O>   10-20 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTEK CORP &lt;ESTK.O> 1ST QTR SEPT 30 LOSS</TITLE>
+<DATELINE>    PINE BROOK, N.J., Oct 20 -
+    </DATELINE><BODY>Shr loss 24 cts vs loss four cts
+    Net loss 874,986 vs loss 56,182
+    Revs 402,855 vs not available
+    NOTE: The company made its initial offering in March 1987
+and before then had been a development stage company so no
+sales were posted in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21266" NEWID="20671">
+<DATE>20-OCT-1987 15:49:21.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3053&#31;reute
+d f BC-AMERICAN-CAPITAL-MANA   10-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CAPITAL MANAGEMENT &lt;ACA> 3RD QTR NET</TITLE>
+<DATELINE>    HOUSTON, Oct 20 -
+    </DATELINE><BODY>Shr 26 cts vs 36 cts
+    Net 6,400,000 vs 8,700,000
+    Revs 25.3 mln vs 28.2 mln
+    Nine mths
+    Shr 1.04 dlrs vs 1.20 dlrs
+    Net 25.3 mln vs 29.1 mln
+    Revs 84.6 mln vs 91.8 mln
+    NOTE: Company's full name is American Capital Management
+and Research Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21267" NEWID="20672">
+<DATE>20-OCT-1987 15:49:34.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3054&#31;reute
+h f BC-P-AND-C-FOODS-INC-&lt;FO   10-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>P AND C FOODS INC &lt;FOOD.O> 3RD QTR NET</TITLE>
+<DATELINE>    SYRACUSE, N.Y., Oct 20 - </DATELINE><BODY>Oct 3 end
+    Shr 40 cts vs 35 cts
+    Net 3,149,000 vs 2,433,000
+    Revs 225.4 mln vs 225.9 mln
+    Avg shrs 7,800,000 vs 7,157,143
+    Nine months
+    Shr 91 cts vs 63 cts
+    Net 7,114,000 vs 4,540,000
+    Revs 747 mln vs 728.2 mln
+    Avg shrs 7,800,000 vs 6,767,143
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21268" NEWID="20673">
+<DATE>20-OCT-1987 15:49:57.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3055&#31;reute
+h f BC-REGENCY-ELECTRONICS-I   10-20 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REGENCY ELECTRONICS INC &lt;RGCY.O> 1ST QTR NET</TITLE>
+<DATELINE>    INDIANAPOLIS, Oct 20 - </DATELINE><BODY>Period ended September 30
+    Shr profit one ct vs loss three cts
+    Net profit 65,000 vs 292,000
+    Sales 18.1 mln vs 16.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21269" NEWID="20674">
+<DATE>20-OCT-1987 15:50:43.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3057&#31;reute
+f f BC-AMERICAN-EXPRES   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN EXPRESS SAYS IT IS CONFIDENT OF ITS OPERATIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21270" NEWID="20675">
+<DATE>20-OCT-1987 15:52:08.33</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3061&#31;reute
+f f BC-ALCAN-ALUMINIUM   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALCAN ALUMINIUM LIMITED 3RD QTR NET 122 MLN U.S. DLRS VS 62 MLN U.S. DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21271" NEWID="20676">
+<DATE>20-OCT-1987 15:52:31.55</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3062&#31;reute
+f f BC-QUAKER-OATS-CO   10-20 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>QUAKER OATS CO 1ST QTR SHR 52 CTS VS 42 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21272" NEWID="20677">
+<DATE>20-OCT-1987 15:55:37.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3071&#31;reute
+h f BC-GENERAL-MILLS-&lt;GIS>-R   10-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL MILLS &lt;GIS> REALIGNS EDDIE BAUER</TITLE>
+<DATELINE>    CHICAGO, Oct 20 - </DATELINE><BODY>General Mills Inc said it is naming a new
+top management team to its Eddie Bauer specialty retailing
+subsidiary, effective November Two.
+    It said Wayne Bandovinus will join the specialty retailer
+of men's and women's sportswear and accessories as chairman,
+assuming overall leadership.
+    General Mills said Michael Luce, currently vice president,
+General Merchandise manager of Eddie Bauer, will become
+president, reporting to Badovinus.
+    David Waters, executive vice president of General Mills and
+president of its Specialty Retailing Group, served as interim
+head of Eddie Bauer for the past two months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21273" NEWID="20678">
+<DATE>20-OCT-1987 15:56:09.79</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>volcker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A F 
+&#22;&#22;&#1;f3072&#31;reute
+d f BC-SENATOR-URGES-ACTION   10-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATOR URGES ACTION TO STABILIZE STOCK MARKETS</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Sen. John Heinz, R-Pa, urged the
+Administration to take steps to reduce volatility in the
+financial markets, including suspending program trading and
+limiting daily trading on stock index futures.
+    Heinz said margin requirements for index futures, now six
+pct, should be the same as for common stock and equities.
+    He urged creation of a task force to be headed by former
+Federal Reserve chairman Paul Volcker to coordinate
+international credit and montary policies among major nations
+and stabilize interest rates at the lowest possible levels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21274" NEWID="20679">
+<DATE>20-OCT-1987 15:56:38.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3073&#31;reute
+u f BC-DINNER-BELL-&lt;DINB.O>   10-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DINNER BELL &lt;DINB.O> LEVERAGE BUY OUT DROPPED</TITLE>
+<DATELINE>    DEFIANCE, Ohio, Oct 20 - </DATELINE><BODY>Dinner Bell Foods Inc said the
+talks concerning a proposed leveraged buy-out of the company
+have been terminated.
+    A spokesman said the group led by Joseph F. Grimes II, a
+director of the company, and B. Rober Kill has withdrawn their
+proposal to acquire the company's stock for 23.50 dlrs a share.
+    The company also said its board determined the previously
+postponed annual meeting will be held on January five.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21275" NEWID="20680">
+<DATE>20-OCT-1987 15:57:25.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3076&#31;reute
+u f BC-QUAKER-OATS-CO-&lt;OAT>   10-20 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUAKER OATS CO &lt;OAT> 1ST QTR SEPT 30 NET</TITLE>
+<DATELINE>    CHICAGO, Oct 20 -
+    </DATELINE><BODY>Shr 52 cts vs 42 cts
+    Net 41.1 mln vs 33.2 mln
+    Sales 1.27 billion vs 960.3 mln
+    Avg shrs 79,800,000 vs 78,200,000
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21276" NEWID="20681">
+<DATE>20-OCT-1987 15:57:41.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3077&#31;reute
+d f BC-RENAULT-TO-HAVE-SOME   10-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENAULT TO HAVE SOME DEBT CANCELLED BY FRANCE</TITLE>
+<DATELINE>    PARIS, Oct 20 - </DATELINE><BODY>The French government plans to cancel part
+of Renault's debt as part of a strategy of returning the state
+car group to financial independence, but will not provide it
+with more subsidies, industry ministry sources said.
+    The plan, which has been under study for several weeks, is
+linked to legislation enabling Regie Nationale des Usines
+Renault &lt;RENA.PA> to be converted into a limited company, they
+said. This legislation should be ready for parliament in the
+next few days, the sources said.
+    Renault's debt would be cut to some 40 billion francs from
+the December, 1986 level of 56 billion francs, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21277" NEWID="20682">
+<DATE>20-OCT-1987 15:57:52.77</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3078&#31;reute
+r f BC-ECUADOR-POSTS-71.3-ML   10-20 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECUADOR POSTS 71.3 MLN DLR 8-MTH TRADE DEFICIT</TITLE>
+<DATELINE>    QUITO, Oct 20 - </DATELINE><BODY>Ecuador posted a trade deficit of 71.3 mln
+dlrs in the first eight months of 1987, compared with a surplus
+of 468.6 mln dlrs in the same period of 1986, central bank
+figures show.
+    Ecuador suspended oil exports, which made up 55 pct of the
+value of its total exports in 1986, for five months this year
+after an earthquake in March shattered the country's pipeline.
+    The central bank said the value of exports from January to
+August 1987 stood at 1.132 billion dlrs and imports 1.204
+billion dlrs. Net international monetary reserves declined to
+57.5 mln dlrs at end-September from 146.8 mln dlrs at end-
+September 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21278" NEWID="20683">
+<DATE>20-OCT-1987 15:58:39.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3081&#31;reute
+u f BC-AMERICAN-EXPRESS-&lt;AXP   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS &lt;AXP> REAFFIRMS IT OPERATIONS</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>James Robinson III, chairman of American
+Express Co, in a letter Tuesday to employees, said he was
+confident about his company's ability to endure the volatility
+of the market.
+    "Financial markets around the world are experiencing
+unprecedented volatility. No one can predict the future. We are
+confident that our company, given the soundness of our business
+and with greater than 100 billion dlrs in assets and six
+billion dlrs in equity is very well positioned for continued
+growth regardless of turbulent times," Robinson said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21279" NEWID="20684">
+<DATE>20-OCT-1987 15:59:08.36</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3084&#31;reute
+b f BC-BURLINGTON-NORT   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BURLINGTON NORTHERN INC TO BUY BACK FIVE MLN SHARES OR SEVEN PCT OF COMMON
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21280" NEWID="20685">
+<DATE>20-OCT-1987 15:59:16.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3085&#31;reute
+u f BC-NL-INDUSTRIES-INC-&lt;NL   10-20 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NL INDUSTRIES INC &lt;NL> 3RD QTR NET</TITLE>
+<DATELINE>    HOUSTON, Oct 20 -
+    </DATELINE><BODY>Shr profit two cts vs loss 58 cts
+    Net profit 18.2 mln vs loss 23.9 mln
+    Revs 355.6 mln vs 308.2 mln
+    Nine mths
+    Shr loss 81 cts vs loss 5.52 dlrs
+    Net profit 10.7 mln vs loss 290.3 mln
+    Revs 1.01 billion vs 983.3 mln
+    NOTE: Net income per share is after deductions for
+mandatory preferred stock dividends and income from the
+chemical operations not attributable to common stockholders.
+    1987 qtr and nine mths includes gain of eight cts per share
+for the partial redemption of series a preferred stock which
+will be paid from the net earnings of the chemicals operations.
+1986 nine mths includes loss 247.7 mln dlrs from write-down of
+petroleum service assets and other restructuring costs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21281" NEWID="20686">
+<DATE>20-OCT-1987 16:00:08.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3087&#31;reute
+r f BC-NATIONAL-HEALTHCARE-&lt;   10-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL HEALTHCARE &lt;NHCI.O> CHAIRMAN RESIGNS</TITLE>
+<DATELINE>    DOTHAN, Ala., Oct 20 - </DATELINE><BODY>National Healthcare Inc said Stephen
+L. Phelps resigned as chairman of the board of directors
+effective October 19, to pursue other business interests.
+    In addition, Joseph D. Bohr Jr., Anders K. Brag and Robert
+E. Johnstone have resigned as directors, the company said.
+    National Healthcare said James T. McAfee Jr., president and
+chief executive officer, was elected to the additional post of
+chairman.
+   
+    Robert M. Thornton Jr., executive vice president, chief
+financial officer and treasurer, was also elected a company
+director, the company said.
+    In addition, Charles E. Baxter, executive vice president
+and secretary, William H. Cassels, senior vice president, and
+Bohr, executive vice president, resigned as officers of the
+company effective October 19.
+    Phelps, Baxter, Bohr and Cassels have agreed to perform
+consulting services for the company after their resignations,
+the company said.
+    National provides integrated health care services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21282" NEWID="20687">
+<DATE>20-OCT-1987 16:00:29.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f3089&#31;reute
+f f BC-U.S.-SELLING-12   10-20 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLING 12.8 BILLION DLRS OF 3 AND 6-MO BILLS OCTOBER 26 TO PAY DOWN 425 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21283" NEWID="20688">
+<DATE>20-OCT-1987 16:01:32.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3095&#31;reute
+f f BC-DOW-30-INDEX-UP   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+****<TITLE>DOW 30 INDEX UP ABOUT 129 BUT STOCKS CLOSE MOSTLY LOWER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21284" NEWID="20689">
+<DATE>20-OCT-1987 16:03:23.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3103&#31;reute
+d f BC-QUAKER-OATS-&lt;OAT>-TO   10-20 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUAKER OATS &lt;OAT> TO RESUME BUYBACK PROGRAM</TITLE>
+<DATELINE>    CHICAGO, Oct 20 - </DATELINE><BODY>Quaker Oats Co said it will resume a
+share repurchase program initially authorized in September
+1985.
+    At the time, a one mln share buyback was approved. Quaker
+Oats said it bought back about 78 pct of the shares when the
+program was suspended, with 450,000 shares remaining to be
+purchased.
+    As of the Sept 30 first quarter, the company had 79.8 mln
+shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21285" NEWID="20690">
+<DATE>20-OCT-1987 16:06:36.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3113&#31;reute
+r f BC-INTERNATIONAL-GAME-(I   10-20 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL GAME &lt;IGAM.O> EXPECTS PROFIT</TITLE>
+<DATELINE>    RENO, Nev., Oct 20 - </DATELINE><BODY>International Game Technology said it
+will report a profit of between 900,000 dlrs and one mln dlrs,
+or 17 cents to 19 cents a share, for the fourth quarter ended
+Sept. 30.
+    Subject to a final audit, the company said it would post
+quarterly revenues of 21 mln dlrs to 23 mln dlrs.
+    For the year, International Game said it would report a
+profit of one mln dlrs to 1.1 mln dlrs, or 17 cts to 19 cents a
+share, on revenues of between 82 mln dlrs and 84 mln dlrs.
+    The company said a change in accounting procedures removed
+the effect of its investment in Syntech International Inc
+(SYNE>O), which impaired earnings in the first three quarters.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21286" NEWID="20691">
+<DATE>20-OCT-1987 16:08:13.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f3118&#31;reute
+r f BC-MOODY'S-MAY-DOWNGRADE   10-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOODY'S MAY DOWNGRADE UNITED ARTISTS &lt;UACI.O></TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Moody's Investors Service Inc said it
+may downgrade 350 mln dlrs of debt of United Artists
+Communications Inc and of United Cable Television Corp &lt;UCT>.
+    Under review are both firm's B-2 convertible subordinated
+debentures and United Cable's B-2 convertible subordinated
+eurodebentures and subordinated debentures.
+    Moody's cited an announced agreement to merge the two
+companies into a new company operating under the United Artists
+name. Moody's will study whether the definitive agreement will
+require additional debt, or change the interest coverage or
+ratio of total debt to operating cash flow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21287" NEWID="20692">
+<DATE>20-OCT-1987 16:08:21.70</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3119&#31;reute
+f f BC-AMOCO-RAISES-MO   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+****<TITLE>AMOCO RAISES MOST CRUDE POSTINGS 50 CTS TODAY, WTI TO 19.00 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21288" NEWID="20693">
+<DATE>20-OCT-1987 16:08:38.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3121&#31;reute
+r f BC-PAN-AM-&lt;PN>-SETS-PACI   10-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAN AM &lt;PN> SETS PACIFIC SATELLITE STAKE SALE</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>&lt;Johnson Geneva U.S.A.> said it has
+agreed to buy Pan Am Corp's 50 pct holding in their joint
+venture company, Pan Am Pacific Satellite Corp, for undisclosed
+terms.
+    Johnson Geneva said Pan Am divested owership in the project
+as part of a corporate restructuring plan, but will continue to
+provide engineering services on a contract basis.
+    Johnson Geneva said the buy out was accomplished through
+&lt;Onpraise Ltd>, a Hong Kong company controlled by Johnson
+Geneva Chairman Michael Johnson. Funds have been provided by
+Onpraise to increase the satellite company's working capita.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21289" NEWID="20694">
+<DATE>20-OCT-1987 16:08:53.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3123&#31;reute
+r f BC-BURLINGTON-NORTHERN-&lt;   10-20 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURLINGTON NORTHERN &lt;BNI> TO REPURCHASE STOCK</TITLE>
+<DATELINE>    SEATTLE, Oct 20 - </DATELINE><BODY>Burlington Northern Inc said it plans to
+repurchase up to five mln shares, or about seven pct of its
+common stock.
+    The company, joining a number of others buying back their
+shares in the wake of yesterday's maket decline, said it will
+make the purchases from time to time, based on market
+conditions.
+    Burlington said its operating businesses are performing
+well and are expected to continue generating substantial free
+cash flow.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21290" NEWID="20695">
+<DATE>20-OCT-1987 16:09:57.81</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3127&#31;reute
+h f BC-IFR-SYSTEMS-INC-&lt;IFRS   10-20 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IFR SYSTEMS INC &lt;IFRS.O> 1ST QTR SEPT 30 NET</TITLE>
+<DATELINE>    WICHITA, KAN., Oct 20 -
+    </DATELINE><BODY>Shr 24 cts vs 13 cts
+    Net 1,506,000 vs 824,000
+    Sales 9,045,000 vs 7,845,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21291" NEWID="20696">
+<DATE>20-OCT-1987 16:10:00.07</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3128&#31;reute
+f f BC-SCHERING-PLOUGH   10-20 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>SCHERING-PLOUGH CORP 3RD QTR SHR 63 CTS VS 50 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21292" NEWID="20697">
+<DATE>20-OCT-1987 16:10:12.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3130&#31;reute
+s f BC-SOUTHERN-INDIANA-GAS   10-20 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHERN INDIANA GAS AND ELECTRIC &lt;SIG> PAYOUT</TITLE>
+<DATELINE>    EVANSVILLE, IND., Oct 20 -
+    </DATELINE><BODY>Qtly div 53 cts vs 53 cts prior
+    Pay December 31
+    Record November 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21293" NEWID="20698">
+<DATE>20-OCT-1987 16:10:30.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3132&#31;reute
+u f BC-TELEX-&lt;TC>-ADOPTS-SHA   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEX &lt;TC> ADOPTS SHAREHOLDER RIGHTS PLAN</TITLE>
+<DATELINE>    DALLAS, Oct 9 - </DATELINE><BODY>Telex Corp said its board adopted a
+shareholder rights plan which will allow shareholders to
+purchase one common share for two dlrs if a hostile group
+acquires 15 pct or more of the company.
+    However, the company said the plan will not be triggered by
+purchases pursuant to the 65 dlrs a share tender offer
+commenced on October 9 by a unit of TLX Partners, a group
+controlled by New York financier Asher Edelman.
+    It said the rights will be distributed on a one for one
+basis to all shareholders as of October 30 and may be redeemed
+before they become exercisable at five cents per right.
+    The company said the rights will expire on the later of
+February 17 next year or 60 days from the date they become
+exercisable. It said the plan was intended to protect
+stockholders against any attempt to take unfair advantage of
+the recent decline in stock prices or to use abusive tactics
+such as market accumulations which would interfere with its
+ability to maximize stockholder value.
+    The rights become exercisable if any person or group
+acquires 15 pct or more of the company's common stock other
+than through an all cash tender offer for all outstanding
+shares at 65 dlrs per share.
+     It said the rights will also not become exercisable if the
+company is acquired by a group under an agreement made with its
+board.
+     A spokeswoman told Reuters the company would have an
+official response to Edelman's bid by Friday, Oct 23.          
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21294" NEWID="20699">
+<DATE>20-OCT-1987 16:10:38.80</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3133&#31;reute
+d f BC-SPHINX-MINING-&lt;SPNXF.   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPHINX MINING &lt;SPNXF.O> FINDS GOLD</TITLE>
+<DATELINE>    FORT SMITH, Ark., Oct 20 - </DATELINE><BODY>Sphinx Mining Inc said leased
+mining claims in Alaska could produce revenues between 322 mln
+dlrs and 966 mln dlrs from gold reserves.
+    The range of the value of the reserves is attributed to the
+wide range of grade estimates of the ore, the company said.
+    A 1984 feasibility study put the grade at 0.008 ounces per
+cubic yard, while subsequent exploration work proved that areas
+of higher-grade gravel of up to 0.027 ounces/yard do exist,
+Sphinx said.
+    The claims are located 80 miles northwest of Fairbanks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21295" NEWID="20700">
+<DATE>20-OCT-1987 16:10:41.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3134&#31;reute
+s f BC-TEXAS-INDUSTRIES-INC   10-20 0021</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS INDUSTRIES INC &lt;TXI> SETS PAYOUT</TITLE>
+<DATELINE>    DALLAS, Oct 20 -
+    </DATELINE><BODY>Qtrly div 20 cts vs 20 cts prior
+    Pay Nov 27
+    Record Nov Six
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21296" NEWID="20701">
+<DATE>20-OCT-1987 16:10:45.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3135&#31;reute
+s f BC-CENTERRE-BANCORP-&lt;CTB   10-20 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CENTERRE BANCORP &lt;CTBC.O> SETS QTLY PAYOUT</TITLE>
+<DATELINE>    ST. LOUIS, Oct. 20 -
+    </DATELINE><BODY>Qtly div 45 cts vs 45 cts prior qtr
+    Pay Nov 30
+    Record Nov 3
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21297" NEWID="20702">
+<DATE>20-OCT-1987 16:11:56.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3137&#31;reute
+u f BC-TEXTRON,-BOEING-GET-1   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXTRON, BOEING GET 102.0 MLN DLR CONTRACT</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The Bell division of Textron Inc &lt;TXT>
+and the Boeing Co &lt;BA> have received a 102.0 mln dlr joint
+contract to continue full scale development of the V-22 Osprey
+vertical-lift aircraft, the Navy said.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21298" NEWID="20703">
+<DATE>20-OCT-1987 16:12:20.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3138&#31;reute
+b f BC-NYSE-VOLUME-APPEARS-C   10-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE VOLUME APPEARS CLOSE TO MONDAY'S RECORD</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Unofficial volume figures from the New
+York Stock Exchange show Tuesday's turnover was nearly
+identical to the 603 mln shares traded on Monday.
+    Unofficial figures from the Exchange floor showed the Dow
+Jones Industrial Average up almost 115 points to 1854.
+    New York Stock Exchange chairman John Phelan and vice
+chairman Donald Stone appeared on a platform overlooking the
+NYSE trading floor and rang the closing bell.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21299" NEWID="20704">
+<DATE>20-OCT-1987 16:13:42.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3139&#31;reute
+r f AM-AIRBUS   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRBUS SAID READY TO COOPERATE WITH MCDONNELL &lt;MD></TITLE>
+<DATELINE>    PARIS, Oct 20 - </DATELINE><BODY>The European Airbus consortium is ready to
+cooperate with U.S. Aerospace group McDonnell Douglas Corp on
+future aircraft programs, pointing the way to a defusion of the
+transatlantic dispute on subsidies to the aircraft industry,
+French Transport Ministry Jacques Douffiagues said.
+    He told the southern French daily Depeche du Midi in an
+interview today that the talks between senior U.S. And European
+Community officials in London on October 27 on the Airbus
+question should be more harmonious as a result.
+  
+    Airbus officials said last week that they were continuing
+talks on possible collaboration with McDonnell Doughlas on
+aircraft projects, including an eventual stretched version of
+the Airbus A320 short-haul jet, but that collaboration in the
+immediate future was unlikely.
+    U.S. Manufacturers and officials have charged that the
+French, British and West German governments have disrupted the
+world aviation market by unfairly subsidising Airbus, allowing
+it to undercut private U.S. Competitors, while the Europeans
+have responded by saying that U.S. Manufacturers benefit from
+large government-funded military contracts.
+    Douffiagus said that transatlantic cooperation was already
+widespread in aircraft construction.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21300" NEWID="20705">
+<DATE>20-OCT-1987 16:13:48.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f3140&#31;reute
+u f BC-AMERICAN-EXPRESS-&lt;AXP   10-20 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXPRESS SAYS ITS STRATEGY IS STABLE</TITLE>
+<AUTHOR>    By Alison Rea</AUTHOR>
+<DATELINE>    DALLAS, Oct 20 - </DATELINE><BODY>American Express Co's &lt;AXP> president
+Louis Gerstner Jr. said a bear market will not effect his
+company's long-term strategy.
+    "I don't think where the market goes over any month long
+period, two day period, or even six month period has anything
+to do with our strategy," Gerstner told Reuters.
+    "We have built a strategy for our company that looks out
+over many years and anticipates a lot of change," he said.
+    Gerstner said the company's long term strategy is to build
+and maintain a major position in the financial and travel
+service industries. American Express is the 69 pct parent of
+Shearson Lehman Brothers Inc &lt;SHE>.
+    Gerstner would not comment on the share market tailspin.
+    However, American Express chairman James Robinson said in a
+statement that the company could endure the market turbulence
+and was in a strong position for further growth.
+    "All brokerage firms make money if the market goes down or
+up," Gerstner told Reuters without elaborating.
+    Gerstner said Shearson had no plans to quit its municipal
+bond activities. "Shearson Lehman Brothers tends to adjust to
+trends in incremental steps. You will see it doing less of the
+convulsive one-time changes that people in this industry will
+go through," he said. Shearson recently laid off 150 people in
+London and is limiting hiring, but Gerstner said American
+Express remains committed to the London market and to having a
+global presence.
+    "That Shearson let a couple of hundred people go in London
+is not even an anthill on the landscape we're discussing. We
+are discussing long-term strategy," Gerstner said.
+    Earlier this year, American Express sold 13 pct of its
+stake in Shearson to Nippon Life Insurance Co of Japan and a
+further 18 pct to the public. Gerstner said these moves "had no
+implications of an exit from financial services."
+    "Our committment globally is represented by the Nippon
+tie-up which dwarfs the fact we decided to reduce the size of
+one department, in one company, in one of our subsidiaries," he
+said.
+    Many securities firms now are stressing merchant banking to
+bolster earnings hurt by bond market volatility, slow retail
+business and a drop in underwriting volume.
+    When asked if more players would make the system more
+risky, Gerstner said, "I can't comment on other firms, but
+Shearson is not going to follow a feeding frenzy in the
+direction of merchant banking. We are not going to overreach."
+    Gerstner also spoke about securitization, or the
+repackaging of debt as marketable securities.
+    "It is almost imperative to create a security backed by the
+funds flowing from an LDC (lessor developed countries) debt
+program. It is going to happen, but it is very difficult to
+create a security in the current climate," Gerstner said.
+    "Securitized products could be structured for either the
+retail or institutional markets," Gerstner said.
+    "If you look at the junk bond phenomenom, it started out
+with mostly institutional buyers. Primarily through mutual
+funds, individual buyers became a presense in the market. I'd
+guess we'd see a similiar situation in LDC debt," he said.
+    "The fundamental thing that has to happen (before there can
+be sucessful securitization) is that the debt burden on the
+countries has to be reduced, and the amount of money coming
+from the commerical banks and the future call for money on
+commercial banks has to be reduced," Gerstner said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21301" NEWID="20706">
+<DATE>20-OCT-1987 16:14:38.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3144&#31;reute
+r f BC-ALCAN-ALUMINIUM-LTD-&lt;   10-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALCAN ALUMINIUM LTD &lt;AL.TO> 3RD QTR NET</TITLE>
+<DATELINE>    MONTREAL, Canada, Oct 20 -
+    </DATELINE><BODY>Shr 72 cts vs 36 cts
+    Net 122 mln vs 62 mln
+    Revs 1.73 billion vs 1.49 billion
+    Avg shrs 157.7 mln vs 149.8 mln
+    Nine mths
+    Shr 1.71 dlrs vs 1.28 dlrs
+    Net 297 mln vs 216 mln
+    Revs 4.98 billion vs 4.55 billion
+    NOTE: Net for current qtr included non-operating costs of
+12 mln vs income of 10 mln in qtr 1986.
+    Net in nine mths included non operating costs of 12 mln in
+nine mths 1987 vs income of 84 mln in nine mths 1986.
+    Prior year's earnings per shr and average number of shrs
+outstanding have been restated to reflect a 3-for-2 split which
+became effective May 5, 1987.
+    For purposes of comparability, following the reorganization
+of July 1987, net figures including those for 1986, are
+reported before preferred dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21302" NEWID="20707">
+<DATE>20-OCT-1987 16:15:52.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3146&#31;reute
+d f BC-MENTOR-CORP-(MNTR.O)   10-20 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MENTOR CORP (MNTR.O) TO REPURCHASE SHARES</TITLE>
+<DATELINE>    SANTA BARBARA, Calif., Oct 20 - </DATELINE><BODY>Mentor Corp said its board
+of directors has authorized a plan to repurchase up to two  mln
+shares of its common stock, subject to market conditions and
+the company's own financial position.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21303" NEWID="20708">
+<DATE>20-OCT-1987 16:16:22.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3148&#31;reute
+r f BC-JOHN-HANSON-SAVINGS-&lt;   10-20 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHN HANSON SAVINGS &lt;JHSL.O> 1ST QTR NET</TITLE>
+<DATELINE>    BELTSVILLE, Md., Oct 20 - </DATELINE><BODY>Sept 30 end
+    Shr profit 15 cts vs loss six cts
+    Net profit 901,000 vs loss 368,000
+    Assets 1.15 billion vs 773.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21304" NEWID="20709">
+<DATE>20-OCT-1987 16:16:33.97</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3149&#31;reute
+u f BC-AMOCO-&lt;AN>-RAISES-CRU   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMOCO &lt;AN> RAISES CRUDE PRICES</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Amoco Corp said it raised the contract
+price it will pay for most grades of crude oil by 50 cts a
+barrel, effective today.
+    The company said the increase brings its posting for West
+Texas Intermediate to 19.00 dlrs a barrel. West Texas Sour, at
+34 degrees API, was raised to 18.10 dlrs. The Light Louisiana
+Sweet grade was also increased 50 cts to 19.35 dlrs a barrel.
+    Amoco said Wyoming Southwest Sweet, Colorado Western, and
+two Utah grades of oil, Black wax and yellow wax, were
+unchanged. The company last changed its crude oil postings on
+September 28.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21305" NEWID="20710">
+<DATE>20-OCT-1987 16:17:12.09</DATE>
+<TOPICS><D>pet-chem</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3153&#31;reute
+h f BC-OLIN-&lt;OLN>,-DU-PONT-&lt;   10-20 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OLIN &lt;OLN>, DU PONT &lt;DD> COMPLETE PLANT</TITLE>
+<DATELINE>    STAMFORD, Conn., Oct 20 - </DATELINE><BODY>Olin Corp said construction was
+completed on a 150 mln dlrs chlor/alkali plant it owns jointly
+with EI du Pont de Nemours Co.
+    The company said the plant, which is located in Niagara
+Falls, New York, will begin operations in December.
+    The plant, which has a 660-ton per day capacity, will be
+operated by du Pont, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21306" NEWID="20711">
+<DATE>20-OCT-1987 16:17:23.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3154&#31;reute
+r f BC-MINNETONKA-CORP-&lt;MINL   10-20 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MINNETONKA CORP &lt;MINL.O> 3RD QTR NET</TITLE>
+<DATELINE>    MINNETONKA, MINN., Oct 20 - </DATELINE><BODY>Periods end Sept 26
+    Shr 31 cts vs 24 cts
+    Net 5,449,000 vs 4,083,000
+    Sales 60.3 mln vs 51.9 mln
+    39 weeks
+    Shr 47 cts vs 30 cts
+    Net 8,249,000 vs 5,147,000
+    Sales 145.0 mln vs 108.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21307" NEWID="20712">
+<DATE>20-OCT-1987 16:17:45.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3156&#31;reute
+h f BC-ELECTRONIC-TELE-COMMU   10-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRONIC TELE-COMMUNICATIONS 3RD QTR LOSS</TITLE>
+<DATELINE>    WAUKESHA, WIS., Oct 20 -
+    </DATELINE><BODY>Shr Class A loss three cts vs profit 12 cts
+    Shr Class B loss seven cts vs profit eight cts
+    Net loss 94,862 vs profit 264,607
+    Sales 653,246 vs 1,300,515
+    Nine mths
+    Shr Class A profit five cts vs profit 44 cts
+    Shr Class B loss three cts vs profit 36 cts
+    Net profit 64,248 vs profit 975,329
+    Sales 2,291,925 vs 4,235,914
+    NOTE: Full name is Electronic Tele-Communications Inc
+&lt;ETCIA.O>
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21308" NEWID="20713">
+<DATE>20-OCT-1987 16:19:07.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3158&#31;reute
+r f BC-GENERAL-HOST-&lt;GH>-TO   10-20 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENERAL HOST &lt;GH> TO BUY BACK SHARES</TITLE>
+<DATELINE>    STAMFORD, Conn., Oct 20 - </DATELINE><BODY>General Host Corp said its board
+authorized the repurchase of up to one mln additional shares of
+its common.
+    It said previous buy back authorizations of 6.5 mln shares
+were approved in January 1875 and September 1987.
+    To date, the company said it has repurchased about six mln
+shares under those authorizations in open market transactions.
+    General Host has about 22.5 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21309" NEWID="20714">
+<DATE>20-OCT-1987 16:19:46.45</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3159&#31;reute
+u f BC-/STREET-FIRMS-TAKE-LO   10-20 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STREET FIRMS TAKE LOSSES, BUT REAFFIRM STRENGTH</TITLE>
+<AUTHOR>    BY PATRICK RIZZO AND PATTI DOMM</AUTHOR>
+<DATELINE>    NEW YORK, Oct. 20 - </DATELINE><BODY>Senior officers at major Wall Street
+firms said they've been suffering heavy trading losses during
+the market's decline, but stressed their firms are liquid
+enough to withstand the battering.
+    "We certainly lost money in our trading departments
+yesterday and today and in effect gave back a small part of the
+year's profits," said Robert E. Linton, chairman of Drexel
+Burnham Lambert Inc. "But the firm is in good shape. We're very
+liquid, although we're going to show some red ink for a short
+time."
+    Rumors of collapses at major U.S. securities firms swept
+the world's financial markets since the U.S. stock market began
+its record decline Monday.
+    The Dow Jones Industrial Average fell a record 508 Monday
+to 1738, erasing the entire gain of the past year. Tuesday's
+trading was also volatile on volume of more than 614 mln
+shares. Stocks were mostly lower, but the Dow indicator
+recovered 102 points to a preliminary closing figure of 1841.
+    "There are all kinds of rumors being circulated, by bears I
+guess, about firms having problems," said Salomon Inc Chairman
+John Gutfreund.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21310" NEWID="20715">
+<DATE>20-OCT-1987 16:19:58.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3160&#31;reute
+u f BC-SCHERING-PLOUGH   10-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHERING-PLOUGH CORP &lt;SDG> 3RD QTR NET</TITLE>
+<DATELINE>    MADISON, Oct 20 -
+    </DATELINE><BODY>Shr 63 cts vs 50 cts
+    Net 73.8 mln vs 62.3 mln
+    Sales 664.2 mln vs 600.6 mln
+    Nine mths
+    Shr 2.06 dlrs vs 1.67 dlrs
+    Net 241.2 mln vs 205.9 mln
+    Sales 2.04 billion vs 1.80 billion
+    Avg shrs 117.1 mln vs 123.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21311" NEWID="20716">
+<DATE>20-OCT-1987 16:20:19.90</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3161&#31;reute
+f f BC-SCHERING-PLOUGH   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>SCHERING-PLOUGH MANAGEMENT TO RECOMMEND HIGHER PAYOUT, STOCK REPURCHASES SET
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21312" NEWID="20717">
+<DATE>20-OCT-1987 16:21:01.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3163&#31;reute
+h f BC-SYNTECH-INTERNATIONAL   10-20 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYNTECH INTERNATIONAL &lt;SYNE.O> SUES SOUTHLAND</TITLE>
+<DATELINE>    RENO, Nev., Oct 20 - </DATELINE><BODY>Syntech International Inc said it
+initiated a suit in Nevada District Court against Southland
+Corp &lt;SM> for alleged breach of contract.
+    Syntech said its complaint alleges that Southland failed to
+make payments in connection with the purchase of 208 Syntech
+ticketing terminals.
+    The company said some 3.8 mln dlrs is past due on the
+contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21313" NEWID="20718">
+<DATE>20-OCT-1987 16:21:29.87</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f3164&#31;reute
+b f BC-CHASE-MANHATTAN   10-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>CHASE MANHATTAN SAID IT BOUGHT ATLANTIC FINANCIAL FEDERAL PORTFOLIO FOR 370 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21314" NEWID="20719">
+<DATE>20-OCT-1987 16:21:59.67</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>saudi-arabia</D><D>iran</D><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM Y 
+&#22;&#22;&#1;f3166&#31;reute
+r f AM-SAUDI   10-20 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI ROLE IN GULF PRAISED BY U.S. OFFICIALS</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Saudi Arabian Crown Prince Abdullah
+bin Abdul Aziz was thanked by the Reagan administration for his
+country's close, and closed-mouthed, cooperation with
+Washington in the Gulf, a senior U.S. official said.
+    "The Saudis are being very cooperative. It would be nice if
+the Saudis would go more public, but it's their real estate,"
+said the official who asked not to be named.
+    He declined to describe what sort of help the Saudis were
+providing, saying that Saudi officials are reluctant to
+acknowledge their role in the Gulf where the United States has
+stationed forces to protect shipping lanes.
+    The prince met Vice President George Bush on Monday after
+U.S. naval forces attacked offshore Iranian oil platforms in
+what Washington said was retaliation for an Iranian attack on a
+ship moored off Kuwait and flying the U.S. flag.
+    Asked at the start of the meeting how he felt about the
+attack, the prince, who is here on an official visit, replied,
+"I believe what the United States has done is their
+responsibility as a superpower."
+    The senior U.S. official said his remark was an endorsement
+of the U.S. attack.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21315" NEWID="20720">
+<DATE>20-OCT-1987 16:23:47.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3171&#31;reute
+d f BC-ROHR-INDUSTRIES-INC-T   10-20 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROHR INDUSTRIES TO REPURCHASE STOCK</TITLE>
+<DATELINE>    CHULA VISTA, CALIF., OCT 20 - </DATELINE><BODY>Rohr Industries (RHR) said it
+will repurchase up to 500,000 of its shares for distribution
+through its employee-benefit plans and for other corporate
+purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21316" NEWID="20721">
+<DATE>20-OCT-1987 16:24:08.02</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3172&#31;reute
+r f BC-TEXACO-&lt;TX>-UNIT-RAIS   10-20 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> UNIT RAISES CRUDE OIL PRICES</TITLE>
+<DATELINE>    New York, Oct 20 - </DATELINE><BODY>Texaco Inc said it raised the contract
+price it will pay for most grades of crude oil by 50 cts a
+barrel, effective October 16.
+    The company said the increase brings its posting for the
+U.S. benchmark grade, West Texas Intermediate, to 19.00 dlrs a
+barrel. The West Texas Sour and Light Louisiana Sweet grades
+were also raised 50 cts to 18.10 and 19.35 dlrs a barrel,
+respectively.
+    Texaco last changed its crude oil postings on September 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21317" NEWID="20722">
+<DATE>20-OCT-1987 16:25:43.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3176&#31;reute
+f f BC-REAGAN-MEETING   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>REAGAN MEETING WITH ECONOMIC ADVISERS ON MARKET SITUATION, WHITE HOUSE SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21318" NEWID="20723">
+<DATE>20-OCT-1987 16:28:40.05</DATE>
+<TOPICS><D>meal-feed</D><D>soy-meal</D><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D><D>el-salvador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f3186&#31;reute
+u f BC-EL-SALVADOR-SEEKING-P   10-20 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EL SALVADOR SEEKING PL-480 SOYMEAL, CORN</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>El Salvador will tender October 26 for
+approximately 26,000 tonnes soybean meal, valued at up to 5.6
+mln dlrs, and about 24,500 tonnes bulk corn, with a value of
+2.0 mln dlrs, under PL-480 financing, an agent for the country
+said.
+    It said the country is seeking soymeal with 48 pct protein
+minimum, 12 pct moisture maximum, and 3.5 pct maximum crude
+fiber for delivery from November 15-30.
+    The U.S. no. 2 or better yellow corn, with 14.5 pct
+moisture maximum, is for delivery from November 8-25.
+    Offers on the soymeal and corn are due at 1530 hrs EDT
+(1930 gmt) Oct 26, and will remain valid until 1000 hrs EDT the
+next day, the agent said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21319" NEWID="20724">
+<DATE>20-OCT-1987 16:31:25.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3189&#31;reute
+f f BC-REAGAN-MAKING-S   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>REAGAN MAKING STATEMENT ON MARKET SITUATION AT 1700 EDT, WHITE HOUSE SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21320" NEWID="20725">
+<DATE>20-OCT-1987 16:31:49.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f3191&#31;reute
+u f BC-CHASE-ACQUIRES-370-ML   10-20 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHASE ACQUIRES 370 MLN DLR REVOLVING CREDIT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>The Chase Manhattan Bank, a unit of The
+Chase Manhattan Corp &lt;CMB>, said it acquired a portfolio of
+about 190,000 consumer revolving credit accounts from Atlantic
+Financial Federal &lt;ATLF.O> valued at 370 mln dlrs.
+    The company said the acquisition makes Chase the second
+largest issuer of credit card and other unsecured consumer
+credit loans.
+    Outstandings now exceed 5.6 billion dlrs, the company said.
+    The company said the portfolio, accessed by checks, is
+similar to Chase's Advantage Credit product.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21321" NEWID="20726">
+<DATE>20-OCT-1987 16:32:18.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3193&#31;reute
+f f BC-CHRYSLER-CORP-S   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>CHRYSLER CORP SAID IT IS ACCELERATING ITS STOCK REPURCHASE PROGRAM
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21322" NEWID="20727">
+<DATE>20-OCT-1987 16:32:37.55</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>verity</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3194&#31;reute
+u f BC-VERITY-CALLS-FOR-NEW   10-20 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VERITY CALLS FOR NEW ADHERENCE TO VENICE PACT</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Commerce Secretary C. William Verity
+called for stepped up coordination of the major industrialized
+nations along the lines of the Venice pact last June which
+committed the nations to coordinate economic policies.
+    Verity, speaking to a trade conference of the Overseas
+Private Investment Corp., said "We must improve coodination with
+our major industrialized allies and trading partners along the
+lines agreed to at the Venice meeting last June.
+    He added "we need better cooperation among advanced
+developing countries in assuring responsibility to coordinate
+local economies commensurate with their economic resources.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21323" NEWID="20728">
+<DATE>20-OCT-1987 16:33:37.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3198&#31;reute
+r f BC-REPUBLIC-AMERICAN-COR   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC AMERICAN CORP &lt;RAWC.O> 3RD QTR NET</TITLE>
+<DATELINE>    ENCINO, Calif., Oct 20 -
+    </DATELINE><BODY>Shr 36 cts vs 35 cts
+    Net 7,100,000 vs 8,000,000
+    Net Premiums 61.2 mln vs 58.0 mln
+    Avg shrs 19,950,000 vs 22,760,000
+    Nine mths
+    Shr 1.03 dlrs vs 1.81 dlrs
+    Net 21.3 mln vs 37.8 mln
+    Net Premiums 176.3 mln vs 141.8 mln
+    Avg shrs 20,682,000 vs 20,920,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21324" NEWID="20729">
+<DATE>20-OCT-1987 16:33:51.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3200&#31;reute
+d f BC-MERRILL-&lt;MER>-CHAIRMA   10-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL &lt;MER> CHAIRMAN AND CFO ARE OPTIMISTIC</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>In a joint statement, Merrill Lynch and
+Co Inc chairman and chief executive William Schreyer and chief
+operating officer Daniel tully said that despite the
+unprecedented stock market decline, they are confident that an
+upturn lies ahead.
+    "In the view of our market experts, yesterday's
+unprecedented stock market decline was an over-reaction to
+fears of higher interest rates, more inflation and a lower
+dollar. Indeed, after examining many factors, there is reason
+to believe than an upturn lies ahead," the statement said.
+    The Merrill Lynch executives also said in the statement
+that the fact that bonds rallied, commodities weakened and the
+dollar remained relatively firm suggests that the central banks
+may now act to provide the system with additional liquidity.
+    "While further carry-over selling from yesterday and
+worries about a stock decline in Japan may put further pressure
+on the market in the near-term, we believe that this central
+bank cooperation would provide the fuel for a recovery in stock
+prices and a revival of confidence relecting fundamental
+values," the statement said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21325" NEWID="20730">
+<DATE>20-OCT-1987 16:34:22.10</DATE>
+<TOPICS><D>crude</D><D>gas</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3202&#31;reute
+f f BC-API-SAYS-DISTIL   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>API SAYS DISTILLATES OFF 1.95 MLN BARRELS, GASOLINE OFF 3.98 MLN, CRUDE UP 2.42 MLN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21326" NEWID="20731">
+<DATE>20-OCT-1987 16:34:25.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3203&#31;reute
+f f BC-FIRST-REPUBLICB   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>FIRST REPUBLICBANK CORP 3RD QTR NET LOSS 6.3 MLN DLRS OR 46 CTS PER SHR DILUTED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21327" NEWID="20732">
+<DATE>20-OCT-1987 16:35:08.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3206&#31;reute
+r f BC-TRW-&lt;TRW>-WINS-JAPANE   10-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRW &lt;TRW> WINS JAPANESE AIRPORT CONTRACT</TITLE>
+<DATELINE>    FAIRFAX, Va., Oct 20 - </DATELINE><BODY>TRW Inc said it was selected to
+perform fact-finding security system surveys for the authority
+that is building Kansai International Airport in Osaka, Japan.
+    The company said the 340,000 dlr contract was significant
+because it was the first contract issued by the authority
+solely to an American company without Japanese partners.
+    The contract calls for TRW to perform studies of other
+international airport security systems on behalf of Kansai, the
+company said.
+    Kansai is scheduled to be operational in 1993.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21328" NEWID="20733">
+<DATE>20-OCT-1987 16:35:24.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3207&#31;reute
+h f BC-CERPROBE-CORP-(CRPB.O   10-20 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CERPROBE CORP &lt;CRPB.O> PRESIDENT TO RESIGN IN EARLY 1988</TITLE>
+<DATELINE>    TEMPE, Ariz., Oct 20- </DATELINE><BODY>CerProbe Corp said its chairman, John
+Tarzell, will give up the positions of president and chief
+executive in early 1988 to concentrate on long-range planning
+for the company in the semiconductor testing field.
+    CerProbe said a successor to Tarzell has not been selected.
+          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21329" NEWID="20734">
+<DATE>20-OCT-1987 16:36:40.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3212&#31;reute
+d f BC-&lt;RESER'S-FINE-FOODS-I   10-20 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;RESER'S FINE FOODS INC> TO GO PRIVATE</TITLE>
+<DATELINE>    PORTLAND, Ore., Oct 20 - </DATELINE><BODY>Reser's Fine Foods Inc said
+certain directors and officers, who currently represent about
+85 pct of the company's stock, plan to take Reser's private
+through a cash buyout.
+    The company said the group plans to offer 12.50 dlrs per
+share for the 15 pct of its stock currently outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21330" NEWID="20735">
+<DATE>20-OCT-1987 16:37:09.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3216&#31;reute
+h f BC-LACLEDE-STEEL-CO-&lt;LCL   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LACLEDE STEEL CO &lt;LCLD.O> 3RD QTR NET</TITLE>
+<DATELINE>    ST. LOUIS, Oct. 20 -
+    </DATELINE><BODY>Shr 32 cts vs 40 cts
+    Net 882,000 vs 1,109,000
+    Sales 66.1 mln vs 60.3 mln
+    Nine mths
+    Shr 1.13 dlrs vs 90 cts
+    Net 3,065,000 vs 2,446,000
+    Sales 198.1 mln vs 178.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21331" NEWID="20736">
+<DATE>20-OCT-1987 16:37:14.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3217&#31;reute
+h f BC-&lt;REDLAKE-CORP>-2ND-QT   10-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;REDLAKE CORP> 2ND QTR SEPT 30 NET</TITLE>
+<DATELINE>    MORGAN HILL, Calif., Oct 20 -
+    </DATELINE><BODY>Shr profit five cts vs loss nine cts
+    Net profit 21,045 vs loss 34,238
+    Revs 1,156,775 vs 963,890
+    Six Mths
+    Shr profit 12 cts vs loss five cts
+    Net profit 48,711 vs loss 18,300
+    Revs 2,124,157 vs 2,009,956
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21332" NEWID="20737">
+<DATE>20-OCT-1987 16:37:35.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3219&#31;reute
+f f BC-REPURCHASE   10-20 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>SEC SAYS IT LET FIRMS REPURCHASE STOCK UNTIL 4:00, RATHER THAN 3:30, FOR TODAY ONLY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21333" NEWID="20738">
+<DATE>20-OCT-1987 16:38:56.02</DATE>
+<TOPICS><D>grain</D><D>wheat</D></TOPICS>
+<PLACES><D>usa</D><D>algeria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f3222&#31;reute
+b f BC-ALGERIA-TENDERING-FOR   10-20 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALGERIA TENDERING FOR BALANCE EEP WHEAT - TRADE</TITLE>
+<DATELINE>    KANSAS CITY, Oct 20 - </DATELINE><BODY>Algeria is tendering tonight for
+225,000 tonnes of hard red winter wheat at 94.00 dlrs per
+tonne, c and f, the balance of its original tender under the
+export bonus program, U.S. exporters said.
+    Algeria bought 75,000 tonnes for November and early
+December shipmet at that bid, but USDA rejected the bid on
+wheat for later shipments, the sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21334" NEWID="20739">
+<DATE>20-OCT-1987 16:42:09.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>james-baker</D><D>greenspan</D><D>sprinkel</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3224&#31;reute
+b f BC-/REAGAN-CONVENES-MEET   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN CONVENES MEETING ON MARKET SITUATION</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>President Reagan was meeting this
+afternoon with his top economic advisers on developments in the
+stock market and the White House said he would issue a
+statement at 1700 EDT.
+    Spokesman Marlin Fitzwater said Reagan met in the White
+House residence shortly after the market closed with Treasury
+Secretary James Baker, Federal Reserve Board Chairman Alan
+Greenspan, Chairman Beryl Sprinkel of the President's Council
+of Economic Advisers and chief of staff Howard Baker.
+    Reagan scrubbed a reception for Republican presidential
+candidates to make room in his schedule for the meeting.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21335" NEWID="20740">
+<DATE>20-OCT-1987 16:42:18.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3225&#31;reute
+r f BC-hercules-interview-   10-20 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HERCULES &lt;HPC> SEES DOUBLING IN UNIT'S SALES</TITLE>
+<AUTHOR>    By Peter Cooney</AUTHOR>
+<DATELINE>    WILMINGTON, Del., Oct 20 - </DATELINE><BODY>Hercules Inc said its contract
+award from Martin Marietta Corp &lt;ML> to make upgraded solid
+rocket motors for the Titan Four launch vehicle will help
+double revenues at its Hercules Aerospace Co unit to two
+billion dlrs by 1992.
+    "We expect and we are fully confident that by 1992 we will
+be a two billion dlr a year sales company. The space booster
+program is a substantial part of that," Hercules Aerospace head
+E.J. Sheehy told Reuters.
+    Hercules Inc, which also produces specialty chemicals and
+engineered polymers, had sales of 2.62 billion dlrs in 1986.
+    The company said the initial and still unnegotatiated
+contract for development and production of 15 sets of solid
+rocket boosters for the Titan space vehicles is expected to
+exceed 500 mln dlrs.
+    Sheehy also said, "It is obvious that if this program goes
+as everyone anticipates, that there will be substantial
+production follow-on."
+    He declined to specify the possible value of future related
+contracts.
+    Hercules Aerospace will spend about 100 mln dlrs to reach
+full production levels, Sheehy said.
+    Hercules Inc said the money was available from Hercules'
+recent 1.49 billion dlr sale of its 38.5 pct stake in Himont
+Inc &lt;HMT> to Montedison S.p.A. &lt;MONI.MI>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21336" NEWID="20741">
+<DATE>20-OCT-1987 16:42:47.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE><D>perez-de-cuellar</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM Y 
+&#22;&#22;&#1;f3226&#31;reute
+r f AM-GULF-PEREZ   10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF PEACE PLAN SAID TO CALL FOR CEASEFIRE, PROBE</TITLE>
+<DATELINE>    UNITED NATIONS, Oct 20 - </DATELINE><BODY>Secretary General Javier Perez de
+Cuellar has proposed an impartial inquiry into the causes of
+the Gulf war while Iran and Iraq observe a ceasefire,
+diplomatic sources said on Tuesday.
+    His nine-point plan, a refinement of proposals he took to
+Tehran and Baghdad last month, was delivered to the two sides
+last week with a request that they let him have their initial
+views before October 30.
+    The proposals appeared to counter Iran's earlier offer of
+an undeclared cessation of hostilities if an inquiry into
+responsibility for the war was begun.
+    Iraq insisted on a formal unconditional ceasefire, Perez de
+Cuellar told the Security Council on his return to New York on
+September 16.
+    As in his original proposals, the revised plan termed D-day
+a specific date to be agreed upon for the observance of a
+ceasefire, diplomats said.
+    On a specific date after that, which would have to be
+agreed, the withdrawal of all forces to internationally
+recognized boundaries would begin and be completed within an
+agreed time frame, according to the account of his proposals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21337" NEWID="20742">
+<DATE>20-OCT-1987 16:42:55.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3227&#31;reute
+u f BC-CHRYSLER-&lt;C>-ACCELERA   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C> ACCELERATING STOCK BUYBACK PROGRAM</TITLE>
+<DATELINE>    DETROIT, Oct 20 - </DATELINE><BODY>Chrysler Corp said it is taking advantage
+of current market conditions and accelerating a stock
+repurchase program which began in 1984.
+    The automaker had 212 mln shares outstanding at the end of
+the second quarter of 1987 and is issuing about 15 mln
+additional shares in connection with its acquisition of
+American Motors Corp.
+    Chrysler said its current goal is to have 200 mln common
+shares outstanding. However, while it has no timetable to reach
+that goal, so far this year, Chrysler said it bought 750,000
+shares a month.
+    Chrysler chairman Lee Iacocca said, "We now feel we can
+speed that up considerably."
+     Chrysler shares closed at 27 unchanged from yesterday when
+it fell six dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21338" NEWID="20743">
+<DATE>20-OCT-1987 16:43:12.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3228&#31;reute
+f f BC-NYSE-PHELAN-SAY   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>NYSE'S PHELAN SAYS NYSE WILL CONTINUE PROGRAM TRADING CURB UNTIL VOLUME SLOWS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21339" NEWID="20744">
+<DATE>20-OCT-1987 16:47:30.15</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f3236&#31;reute
+u f BC-BANK-OF-NEW-YORK-REAF   10-20 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF NEW YORK REAFFIRMS TERMS FOR IRVING &lt;V></TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>The Bank of New York Corp &lt;BK> said it
+reaffirmed the terms of its offer for Irving Bank Corp despite
+the drop in the Bank of New York's share price to 30-1/8, a
+Bank of New York spokesman said.
+    "The offer still stands, we have not changed our offer," a
+Bank of New York spokesman said.
+    Irving would not comment on how the drop in the market
+affects its position on the bid or whether it would buy back
+any of its own shares.
+    Earlier this month, Irving rejected the bid as inadequate
+and said it wanted to retain its independence.
+    In late September, Bank of New York offered 80 dlrs per
+share in cash for 47.4 pct of Irving. For the remaining 52.6
+pct, it offered an exchange of 1.9 shares of its shares for one
+Irving share.
+    At that time, the stock purchase portion was worth close to
+80 dlrs per share, but now that portion is worth 53 dlrs per
+share for a net price of 68 dlrs, one analyst said.
+    According to the prospectus offer, shareholders may tender
+for all cash or all shares on a first come, first serve basis.
+    Analysts were mixed about how the stock price drop would
+affect the acquisition.
+    "If it gets to the Irving shareholders, they would approve
+it, but Irving hopes the offer won't go to the shareholders,"
+said Mark Alpert, banking analyst with Bear Stearns Cos Inc.
+    "And the market is saying the deal won't go through,"
+Alpert said.
+    "The transaction looks highly unlikely to be completed at
+present. If Irving wouldn't go with the offer at 80 dlrs a
+share, then they won't go at a lower price," another analyst
+said.
+    The analyst also doubted that Bank of New York could afford
+to retain its original offer.
+    However, industry sources were more uncertain about
+prospects for the deal.
+    "With Irving's price so low, Bank of New York's offer will
+look good to Irving shareholders," said Michael Flores, a
+consultant at Bank Earnings International, a consulting firm.
+    The drop of Irving's share to 44 dlrs per share, which is
+about a 26 dlr drop from the beginning of last week, increases
+the chance that Bank of New York will succeed, Flores said.
+    Analysts said that the drop in bank stock prices is likely
+to depress the level of mergers and acquisition in the banking
+industry.
+    "Bank takeovers are less likely because banks can't use
+their own stock to make acquisitions because their share price
+is too depressed," Alpert said.
+    Since only banks can buy another bank, the only other
+possible acquirors would be a foreign bank, Alpert said.
+    "In the market drop the stock of acquirors got clobbered
+more than the acquirees," another analyst said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21340" NEWID="20745">
+<DATE>20-OCT-1987 16:48:10.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3240&#31;reute
+b f BC-REPURCHASE   10-20 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC MAKES ONE-DAY EXCEPTION TO REPURCHASE RULE</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The Securities and Exchange Commission
+said it made a one-day exception to its rule of prohibiting
+companies from repurchasing their own stock in the last half
+hour of trading, and allowed firms to continue stock
+repurchases until the close of market.
+    An SEC spokesperson told Reuters that the rule exception
+only covered repurchases made today.
+    Analysts said that widespread stock repurchases by many
+firms today were a contributing factor in the market's rebound
+from yesterday's huge losses.
+    The rule prohibiting repurchases in the final half-hour of
+trading works to prevent rapid end-of-day stock price rises
+which could be caused by a company's open-market purchase of
+its own stock at the end of a trading session, the spokesperson
+said.
+    Share repurchases today were called "a smart way to use
+corporate equity," by one SEC staff member who refused to be
+identified.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21341" NEWID="20746">
+<DATE>20-OCT-1987 16:48:42.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3242&#31;reute
+r f BC-KOLLMORGEN-CORP-&lt;KOL>   10-20 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KOLLMORGEN CORP &lt;KOL> 3RD QTR NET</TITLE>
+<DATELINE>    STAMFORD, Conn., Oct 20 -
+    </DATELINE><BODY>Shr profit 15 cts vs loss 40 cts
+    Net profit 1,538,000 vs loss 4,088,000
+    Revs 70.6 mln vs 73.2 mln
+    Nine mths
+    Shr loss eight cts vs loss 57 cts
+    Net loss 832,000 vs loss 5,821,000
+    Revs 217.0 mln vs 248.4 mln
+    NOTE: 1987 qtr and nine mths includes gain 265,000 dlrs, or
+three cts per share, from utilization of tax loss carryforward.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21342" NEWID="20747">
+<DATE>20-OCT-1987 16:49:49.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3246&#31;reute
+r f BC-FARM-FRESH-INC-&lt;FFSH.   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FARM FRESH INC &lt;FFSH.O> 3RD QTR NET</TITLE>
+<DATELINE>    NORFOLK, Va., Oct 20 -
+    </DATELINE><BODY>Shr one cts vs 20 cts
+    Net 122,556 vs 2,627,205
+    Revs 192.2 mln vs 193.3 mln
+    Nine mths
+    Shr 27 cts vs 56 cts
+    Net 3,556,424 vs 7,531,664
+    Revs 560.6 mln vs 542.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21343" NEWID="20748">
+<DATE>20-OCT-1987 16:50:09.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3248&#31;reute
+u f BC-NYSE-WILL-CONTINUE-TO   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE WILL CONTINUE TO CURB PROGRAM TRADING</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>New York Stock Exchange chairman John
+Phelan said the NYSE will continue to request that member firms
+refrain from using its order-delivery systems for program
+trading until the record trading volume slows down.
+    He said the firms are free to use other systems to do
+arbitrage between stock-index futures and their underlying
+stocks. "We are going to continue to get volatility for some
+time to come," Phelan told a news conference.
+    He said program trading adds liquidity to the market but
+"at the extreme that adds to the volatility." He said further
+analysis of the issue is needed.
+    Phelan said a significant number of corporations had begun
+buying back their own stock in a move that helped blue chips
+gain back some of Monday's losses.
+    Asked how the record decline on Monday and the
+unprecedented trading volume affected the financial health of
+member firms, Phelan said, "As far as we can tell, member firms
+are in good shape."
+    He said he expects to appear at a Congression hearing in
+Washington later this week that will examine the question of
+program trading.
+   
+    Phelan said NYSE officials were in conference with other
+financial leaders and White House chief of staff Howard Baker
+for much of the day, adding that "the whole system has been
+very supportive."
+    He said three or four of the NYSE's specialist firms
+required and received help with capital. He said these firms
+were no longer having capital problems but did not discuss
+specific figures. Asked why some stocks were delayed on opening
+while others traded, he said the exchange did not want to keep
+the vast majority of the 1500 listed companies from trading.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21344" NEWID="20749">
+<DATE>20-OCT-1987 16:50:43.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f3251&#31;reute
+u f BC-USX-CORP-&lt;X>,-UNITS-D   10-20 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX CORP &lt;X>, UNITS DEBT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed the debt of USX Corp and units.
+    Total debt outstanding amounts to 2.8 billion dlrs.
+    Affirmed were USX's BB-plus senior debt, BB-minus
+subordinated debt and preferred stock, B-plus preference stock
+and of the units, Marathon Oil Co and Texas Oil and Gas Corp's
+BB-plus senior debt .
+    S and P cited the firm's plan to repurchase up to 20 mln
+common shares having a value of between 400 and 500 mln dlrs.
+    The repurchase will increase the firm's high debt leverage,
+but will not impair financial flexibility, S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21345" NEWID="20750">
+<DATE>20-OCT-1987 16:51:23.81</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D><D>uk</D><D>netherlands</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f3256&#31;reute
+u f AM-COMMUNITY-AGRICULTURE   10-20 0128</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC FARM MINISTERS BACK SPENDING CURBS IDEA</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 20 - </DATELINE><BODY>European Community (EC) agriculture
+ministers gave their support in principle for a new scheme to
+limit spending on the bloc's controversial farm policy at a
+meeting in Luxembourg on Tuesday, Danish minister Laurits
+Tornaes told journalists.
+    Acceptance of the scheme, by which farmers would suffer
+price cuts if their production exceeded certain norms, known in
+EC jargon as stabilisers, is seen by diplomats as vital if the
+EC is to solve its current massive budget crisis.
+    Speaking at a news conference after chairing a two-day
+meeting of farm ministers, Tornaes said: "It is no longer a
+question of whether we are to have stabilisers. It is now a
+question of how we are to implement them."
+    However, EC sources warned that despite Tornaes' optimism,
+it may be difficult to get the sort of detailed agreement
+needed on the stabiliser scheme ahead of an EC heads of
+government meeting in Copenhagen on December 6.
+    This is the vital meeting at which EC leaders will be asked
+to agree a new system of EC financing, ending the bloc's
+hand-to-mouth existence which has resulted in its being unable
+to agree a budget for 1988.
+    Britain has said it will block moves to give the EC
+additional sources of finance unless a detailed system of
+stabilisers is agreed at or ahead of the summit.
+    Under the most important stabiliser scheme, EC guaranteed
+prices for cereals would be cut by one percentage point for
+every per cent by which the annual harvest exceeded 155 mln
+tonnes, a figure well below what EC farmers are capable of
+producing in a year of favourable weather conditions.
+   Farm ministers will meet again on November 16 to attempt to
+hammer out an accord, and Danish diplomatic sources said the
+meeting could last through several long nights of negotiation.
+    But Tornaes said any thought that success was not
+ultimately possible would be a gesture of retreat at this
+stage.
+    EC Commission sources said among the remaining problems
+were appeals from Southern member states for protection for
+their small and relatively poor farmers, and calls from France
+and the Netherlands for significant changes to Commission
+proposals for arable crops.
+    They added that West Germany appears still reluctant to
+accept the idea of production ceilings being set at the level
+of the EC as a whole rather than that of member states.
+    Meanwhile, the ministers made little progress in agreeing a
+scheme to top up the income of poorer farmers through direct
+payments, which could help to cushion the impact of stabilisers
+on them.
+    British minister John MacGregor told journalists :"The
+proposals as they stand have very few friends."
+    He said a number of countries fear they could simply
+encourage further unwanted production by giving farmers the
+cash to improve production methods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21346" NEWID="20751">
+<DATE>20-OCT-1987 16:53:14.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3267&#31;reute
+u f BC-SCHERING-PLOUGH-&lt;SGP>   10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCHERING-PLOUGH &lt;SGP> PLANS HIGHER DIVIDEND</TITLE>
+<DATELINE>    MADISON, N.J., Oct 20 - </DATELINE><BODY>Schering-Plough Corp said Chairman
+Robert P. Luciano intends to recommend to the board at its next
+regular meeting on October 27 that the quarterly dividend be
+increased five cts, or 20 pct, to 30 cts a share effective with
+the payment to be made in November.
+    The company also said it also plans to resume immediately
+its share repurchase plan and expects to buy about 200 mln dlrs
+of stock.
+     The company suspended the share repurchase program
+september 22  while it studied the proposed dividend increase,
+Schering said.
+    Schering-Plough had, under the plan announced June 23, been
+authorized to repurchase of 4.6 mln shares, a spokesman said.
+He was unable to say how many shares were repurchased prior to
+suspension of the program.
+    The company said it expects continuing operations to
+generate strong gains for rest of year and on into l988.     It
+said Luciano will ask board to review dividend policy once
+again early next year. The dividend was previously increased in
+May 1987 and February 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21347" NEWID="20752">
+<DATE>20-OCT-1987 16:53:23.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f3268&#31;reute
+d f AM-BRAZIL-AUTOLATINA   10-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRIKE HITS BRAZIL'S LARGEST AUTO MANUFACTURER</TITLE>
+<DATELINE>    SAO PAULO, Oct 20 - </DATELINE><BODY>An indefinite strike by 47,000
+carworkers on Tuesday closed most Brazilian plants of
+Autolatina, the company said.
+    Autolatina, one of the world's largest automakers, said it
+had offered its employees a pay rise of 20.66 pct, adding that
+the workers were pressing for a 65.9 pct rise.
+    The strike is the first to hit operations of Autolatina
+since it formally came into existence on July 1. The company
+groups Ford and Volkswagen in Brazil and Argentina.
+    A spokesman said factories in Argentina were unaffected. He
+said about 9,000 of the company's 55,900 employees in Brazil
+were still working and some production was continuing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21348" NEWID="20753">
+<DATE>20-OCT-1987 16:54:53.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3271&#31;reute
+u f BC-FIRST-REPUBLICBANK-&lt;F   10-20 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST REPUBLICBANK &lt;FRB.N> CORP 3RD QTR LOSS</TITLE>
+<DATELINE>    DALLAS, Oct 20 -
+    </DATELINE><BODY>shr diluted loss 46 cts
+    net loss 6,300,000
+    nine mths
+    shr diluted loss 10.89 dlrs
+    net loss 309,100,000
+    NOTE: No comparisons because company was formed in June
+1987 through merger of RepublicBank Corp and Interfirst Corp.
+    Nine mths includes previously reported provision of 325 mln
+dlrs in second quarter for possible losses on ldc loans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21349" NEWID="20754">
+<DATE>20-OCT-1987 16:56:19.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3275&#31;reute
+f f BC-DART-GROUP-SAID   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>DART GROUP SAID IT WILL NOT SOLICIT PROXIES OR ATTEMPT TO ACQUIRE DAYTON HUDSON
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21350" NEWID="20755">
+<DATE>20-OCT-1987 17:00:53.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3293&#31;reute
+f f BC-DART-SAID-IT-SO   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>DART SAID IT SOLD 1.4 MLN DAYTON HUDSON SHARES, EXPECTS TO SELL REST OF HOLDING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21351" NEWID="20756">
+<DATE>20-OCT-1987 17:02:00.03</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM Y 
+&#22;&#22;&#1;f3297&#31;reute
+r f PM-GULF-AMERICAN (SCHEDULED)  10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US DIPLOMATIC MISSIONS ON HIGH ALERT OVER GULF</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The State Department says many U.S.
+diplomatic missions overseas are on high alert for possible
+retaliation from Iran for Monday's attack on two Iranian oil
+platforms by American forces in the Gulf.
+    At the same time, the Pentagon announced on Tuesday that
+U.S. forces have begun escorting another Kuwaiti tanker convoy
+southward through the Gulf from Kuwait.
+    The State Department renewed its warning to Americans not
+to travel to Iran because of what spokeswoman Phyllis Oakley
+called, "its virulent anti-American policies and support for
+terrorism."
+    "The threat to Americans has increased significantly," she
+said in announcing that the department was reiterating advice
+it last made in January. The department said about 2,600
+American citizens live in Iran, the overwhelming majority dual
+nationalities.
+    Oakley said no specific warning has been issued to U.S.
+diplomats and Americans living abroad in the aftermath of the
+U.S. attack on the oil drilling platforms, but "many of our
+missions are on a high state of alert."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21352" NEWID="20757">
+<DATE>20-OCT-1987 17:04:30.17</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3309&#31;reute
+u f BC-BRAZIL'S-SEPTEMBER-TR   10-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL'S SEPT TRADE SURPLUS HIGHEST OF THE YEAR</TITLE>
+<DATELINE>    RIO DE JANEIRO, Oct 20 - </DATELINE><BODY>Brazil's September trade surplus
+was the best so far this year, totalling 1.494 billion dlrs,
+compared with 1.434 billion dlrs in August and 540 mln dlrs in
+September last year, Banco do Brasil's Foreign Trade Department
+(Cacex) director Namir Salek said in a news conference.
+    September exports were 2.694 billion dlrs, slightly down
+from 2.76 billion dlrs in August. Imports in September amounted
+to 1.2 billion dlrs, against 1.32 billion dlrs in August.
+    Salek said the accumulated surplus in the Jan-Sept period
+was 7.857 billion dlrs, compared with 8.667 billion dlrs in a
+similar 1986 period.
+    Coffee accounted with 320 mln dlrs of exports, up from 222
+mln dlrs in August and 212 mln in September 1986, Salek said.
+    The Cacex director said he expected the country's trade
+surplus to average 800 mln dlrs in the remaining three months
+of the year, estimating the year's overall surplus to reach
+10.2 billion dlrs, from 25.6 billion dlrs worth of exports and
+15.4 billion dlrs of imports.
+    He attributed the good surplus on exports of manufactured
+and semimanufactured goods. He mentioned car exports, which
+accounted alone with sales of 617 mln dlrs in the Jan-Sept
+period, against 194 mln dlrs in a similar 1986 period.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21353" NEWID="20758">
+<DATE>20-OCT-1987 17:06:08.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f3317&#31;reute
+r f BC-BEARINGS-&lt;BER>-PLANS   10-20 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEARINGS &lt;BER> PLANS TO ISSUE CONVERTIBLE DEBT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Bearings Inc said it filed with the
+Securities and Exchange Commission a registration statement
+covering a 40 mln dlr issue of convertible subordinated
+debentures due 2012.
+    Proceeds will be used to fund substantially fund the
+redemption on October 26 of the company's 8-1/2 pct convertible
+subordinated debentures of 2012. Bearings will buy back the
+convertible debt at 105.95 pct of 1,000 dlr face amount, plus
+accrued interest.
+    The company said it named Merrill Lynch Capital Markets as
+underwriter of the offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21354" NEWID="20759">
+<DATE>20-OCT-1987 17:07:07.02</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3320&#31;reute
+f f BC-REAGAN-SAYS-THE   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>REAGAN SAYS THERE IS ROOM FOR FURTHER DECLINES IN INTEREST RATES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21355" NEWID="20760">
+<DATE>20-OCT-1987 17:08:15.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3326&#31;reute
+r f BC-FLORIDA-POWER-&lt;FPL>-N   10-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLORIDA POWER &lt;FPL> NUCLEAR FE PROPOSED</TITLE>
+<DATELINE>    MIAMI, Oct 20 - </DATELINE><BODY>FPL Group Inc's Florida Power and Light Co
+subsidiary said the staff of the Nuclear Regulatory Commission
+has proposed a 225,000 dlr fine against the utility's Turkey
+Point nuclear power plant based on three previously identified
+incidents.
+    At the same time, Florida Power said, the NRC issued an
+order confirming the utility's commitment to implement a
+package of programs designed to correct problems at the
+facility.
+   
+    In a letter accompanying the order, the Florida Power said,
+the NRC expressed concern about plant management controls, but
+indicated support of the utility's initiatives and said these
+efforts "should result in significant improvements in the
+performance of site personnel."
+    The three violations for which the fine was proposed
+occurred between December 1986 and July 1987.
+    Florida Power has 30 days to pay or appeal the proposed
+fine, it said.
+                   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21356" NEWID="20761">
+<DATE>20-OCT-1987 17:09:10.98</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3328&#31;reute
+f f BC-REAGAN-SAYS-HE   10-20 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>REAGAN SAYS HE WANTS TO NEGOTIATE BUDGET DEFICIT REDUCTION PLAN WITH CONGRESS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21357" NEWID="20762">
+<DATE>20-OCT-1987 17:09:34.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3329&#31;reute
+f f BC-REAGAN-SAYS-HE   10-20 0006</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>REAGAN SAYS HE SEES NO RECESSION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21358" NEWID="20763">
+<DATE>20-OCT-1987 17:10:49.95</DATE>
+<TOPICS><D>grain</D><D>corn</D></TOPICS>
+<PLACES><D>canada</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f3330&#31;reute
+b f BC-CANADA-PANEL-ADVISES   10-20 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA PANEL ADVISES CUTTING U.S. CORN DUTY</TITLE>
+<DATELINE>    OTTAWA, Oct 20 - </DATELINE><BODY>The Canadian Import Tribunal said the
+countervailing duty on U.S. corn imports should be cut to 30
+Canadian cts a bushel from 1.10 dlrs a bushel.
+    In a report to the Canadian finance department, the
+tribunal said the duty is hurting Canadian farmers and food
+processors. The duty was imposed last year after the revenue
+department found U.S. corn production was subsidized.
+    It is now up to the government to decide whether to change
+the duty.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21359" NEWID="20764">
+<DATE>20-OCT-1987 17:11:05.37</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE><D>james-baker</D><D>lawson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f3332&#31;reute
+r f BC-MARKETS-BAKER SCHEDULED-NEWS-ANALYSIS  10-20 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY'S BAKER UNDER FIRE FOR WALL STREET DROP</TITLE>
+<AUTHOR>    By Alver Carlson</AUTHOR>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>As official Washington sought to
+restore investor confidence after Monday's Wall Street
+collapse, Treasury Secretary James Baker came under fire from
+critics who claimed he helped to precipitate the crisis.
+    Baker's weekend blast at the West German Bundesbank for
+boosting interest rates seemed to signal an unraveling of an
+international accord to stabilize currency values.
+    Nigel Lawson, British Chancellor of the Exchequer, was
+among those who said the treasury secretary's statements helped
+spur a wave of stock sales by making already jittery investors
+think that a clash between the two major economic powers would
+damage the world economy.
+    Lawson told a London television interviewer Tuesday, "I
+think the scale of the (stock) fall was very great. That, I
+think, was partly due to statements that have been made by
+senior figures on the other side of the Atlantic." It was a
+dispute that should never have happened, he added.
+    Although Baker appeared to patch over the rift at a
+hastily-called meeting with West German officials Monday, he  
+still faced a storm of criticism on his return to the United
+States on Tuesday. Baker cut short a long-planned trip to
+Scandinavia to return here to deal with the economic crisis.
+    Said one U.S. analyst of Baker's weekend remarks, "His
+timing could not have been worse."
+    One government bond salesman in New York said, "He actually
+thought that yelling at the Germans, and threatening to smack
+the dollar down would work. That doesn't show much
+understanding of international monetary gamesmanship."
+    However, some analysts said West Germany's stubborn march
+toward higher interest rates may have forced Baker's hand.
+    "On the surface Baker may look responsible for this, but if
+you go back to see what caused it (unsettling of financial
+markets), it was West German policy," said Robert Brusca of
+Nikko Securities International in New York.
+    "All Mr. Baker did was to mention the obvious in public, so
+making him responsible for it was a little like killing the
+messenger," he said.
+    After Monday's talks, the U.S. and West German governments
+made it clear that the Louvre currency accord, pieced together
+in Paris in February, was still in effect.
+    Wall Street feared that collapse of the agreement might be
+a prelude to hyper-inflation and economic malaise similar to
+the late 1970s. Analysts believe Monday's Wall Street crash
+wiped out about 500 billion dlrs in stock values.
+   Treasury sources said that Baker, already unhappy about
+Bonn's refusal to stimulate its economy in order to keep the
+global recovery moving, was angered by a Bundesbank interest
+rate boost that seemed destined to do just the opposite.
+    He felt that the U.S. recovery, inching along in its 59th
+month, could no longer be the only engine of global economic
+expansion. A growing U.S. economy has been serving as a huge
+market for debtor country exports.
+    Moreover, Baker, the consummate politician, was worried
+that the Republican party might face next year's presidential
+election with its main showpiece -- a vibrant economy -- badly
+tarnished.
+    A rise in global interest rates might worsen the debt
+crisis and completely choke off U.S. economic growth that has
+already slowed to a tepid 3.2 pct annual rate.
+    "There's no doubt that it can have an adverse effect on the
+economy, and it's important that the psychology turn around
+quickly, or else obviously the panic will feed on itself, and
+eventually there'll be a serious price to pay economically,"
+former deputy Treasury Secretary Richard Darman said in a
+television interview.
+    In many ways, the official response was mild.
+    Washington was stunned by the sudden Wall Street retreat,
+with President Reagan speaking for most people by admitting
+that he was "puzzled."
+    U.S. government sources said the secretary immediately
+returned to the Treasury to be briefed on market developments
+and, presumably, their political impact.
+    For all of this, it seems unlikely that Baker's status in
+Washington will diminish because of the market fall.
+    Asked by reporters if somebody's head should roll because
+of the Wall Street retreat, Texas Democratic Senator Lloyd
+Bentsen said with some irony, "Oh, I think it's much too late to
+be doing that...You have an administration that's taken the
+attitude that we can put the country on automatic pilot and ---
+retire to the living room to take a nap. You just can't do
+that."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21360" NEWID="20765">
+<DATE>20-OCT-1987 17:12:43.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3338&#31;reute
+w f BC-BERKEY-&lt;BKY>-TO-DISTR   10-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BERKEY &lt;BKY> TO DISTRIBUTE DISNEY HOME VIDEOS</TITLE>
+<DATELINE>    GREENWICH, Conn., Oct 20 - </DATELINE><BODY>Berkey Inc said it signed a
+long-term agreement to distribute Walt Disney Co's &lt;DIS> home
+video cassettes.
+    Terms of the agreement were not disclosed.
+    The Walt Disney library currently consists of 18 movies,
+the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21361" NEWID="20766">
+<DATE>20-OCT-1987 17:13:09.63</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3339&#31;reute
+d f BC-AIRLEASE   10-20 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP LIFTS AIRLEASE &lt;FLY> STAKE TO 15.1 PCT</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>A group of firms led by PS Group Inc
+&lt;PSG> said it increased its stake in Airlease Ltd depositary
+units representing limited partners interest to 700,400 units,
+or 15.1 pct of the total outstanding, from a previous figure of
+approximately 651,000 units, or 14 pct.
+    In a filing with the Securities and Exchange Commission,
+the group said it bought 49,400 Airlease units between July 16
+andf October 15 at 17.23 dlrs to 17.60 dlrs a share.
+    No reason was given for the recent purchases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21362" NEWID="20767">
+<DATE>20-OCT-1987 17:13:52.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3342&#31;reute
+d f BC-CONTINENTAL-INFORMATI   10-20 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL INFORMATION SYSTEMS CORP &lt;CNY> 2ND</TITLE>
+<DATELINE>    SYRACUSE, N.Y., Oct 20 -
+    </DATELINE><BODY>Shr 22 cts vs 24 cts
+    Net 2,794,000 vs 2,993,000
+    Revs 91.4 mln vs 66.4 mln
+    Six mths
+    Shr 45 cts vs 39 cts
+    Net 5,677,000 vs 5,700,000
+    Revs 174.6 mln vs 132.8 mln
+    NOTE: 2nd qtr end August 31. Per share amounts adjusted for
+10 pct stock dividend paid June two, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21363" NEWID="20768">
+<DATE>20-OCT-1987 17:15:33.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3347&#31;reute
+h f BC-TENERA-LTD-&lt;TLPZZ.O>   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TENERA LTD &lt;TLPZZ.O> 3RD QTR NET</TITLE>
+<DATELINE>    BERKELEY, Calif., Oct 20 -
+    </DATELINE><BODY>Shr 25 cts vs 26 cts
+    Net 2,200,000 vs 2,100,000
+    Revs 8,500,000 vs 9,600,000
+    Nine mths
+    Shr 77 cts vs 63 cts
+    Net 6,900,000 vs 4,800,000
+    Revs 27.9 million vs 25.3 million
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21364" NEWID="20769">
+<DATE>20-OCT-1987 17:16:07.65</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3350&#31;reute
+b f BC-/REAGAN-SEES-ROOM-FOR   10-20 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SEES ROOM FOR INTEREST RATE DECLINES</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>President Reagan said he was pleased
+with the actions of some banks to reduce their prime lending
+rates today and said he sees room for a further decline in
+interest rates.
+    "I believe there is room in the market for a further decline
+in interest rates," Reagan said in a statement as he left the
+White House to visit his wife Nancy at Bethesda Naval Hospital.
+    Reagan's statement followed a meeting with his top economic
+advisers.
+    Reagan said he remains concerned about the market, but that
+actions taken by the Federal Reserve have helped.
+    "Interest rates are down across the spectrum," Reagan said.
+    "Specifically, I am pleased that the bond market is strong
+and that foreign exchange markets are stable," Reagan said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21365" NEWID="20770">
+<DATE>20-OCT-1987 17:16:15.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3351&#31;reute
+d f BC-ATLANTIC-AMERICAN-COR   10-20 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIC AMERICAN CORP &lt;AAME.O> 3RD QTR NET</TITLE>
+<DATELINE>    ATLANTA, Oct 20 -
+    </DATELINE><BODY>Shr profit seven cts vs loss 24 cts
+    Net profit 650,000 vs loss 2,327,000
+    Revs 34.3 mln vs 37.0 mln
+    Nine mths
+    Shr profit 38 cts vs profit 67 cts
+    Net profit 3,673,000 vs profit 6,474,000
+    Revs 108.4 mln vs 110.0 mln
+    NOTE: 1987 qtr and nine mths includes gain 5,360,000 dlrs,
+or 55 cts per share, and 6,339,000 dlrs, or 65 cts per share,
+respectively, from realized gains on investments.
+   
+    1986 qtr and nine mths includes gain 105,000 dlrs, or one
+cent per share, and 342,000 dlrs, or three cts per share,
+respectively, from realized gains on investments.
+    1986 qtr and nine mths includes charge 4,860,000, or 50 cts
+per share from strengthening reserve for casualty claims.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21366" NEWID="20771">
+<DATE>20-OCT-1987 17:16:46.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3355&#31;reute
+r f BC-TRINITY-INDUSTRIES-IN   10-20 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRINITY INDUSTRIES INC &lt;TRN> 2ND QTR SEPT 30</TITLE>
+<DATELINE>    DALLAS, Oct 20 -
+    </DATELINE><BODY>Shr six cts vs 17 cts
+    Net 1,064,000 vs 2,676,000
+    Revs 144.6 mln vs 129.4 mln
+    Avg shrs 17.1 mln 16.1 mln
+    Six mths
+    Shr 13 cts vs 25 cts
+    Net 2,167,000 vs 4,029,000
+    Revs 248.0 mln vs 249.2 mln
+    Avg shrs 17.1 mln vs 16.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21367" NEWID="20772">
+<DATE>20-OCT-1987 17:18:41.49</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A 
+&#22;&#22;&#1;f3359&#31;reute
+r f BC-U.S.-STOCK-DROP-SEEN   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. STOCK DROP SEEN SLOWING JAPANESE BUYING</TITLE>
+<AUTHOR>    By Hisanobu Ohse</AUTHOR>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>A collapse in U.S. stock prices has  hit
+Japanese investors hard, since they had shifted to stocks from
+bonds earlier this year, and will slow down Japanese capital
+flows to the U.S., investors and stock brokers said.
+   Until recently Japanese net purchases of U.S. stocks were
+projected to leap to eight to 12 billion dlrs this year from
+four billion dlrs in 1986, securities industry sources said.
+   "The Japanese had suffered severely from U.S. bond
+investments and now (they are suffering) in U.S. stocks," said
+Hiroyuki Kondo of Yasuda Trust and Banking Co Ltd.
+    Japanese portfolio investment was concentrated in Treasury
+securities until early this year, which led to heavy currency
+losses following the dollar's steep decline. Even though their
+U.S. bond purchases moderated since then, Japanese investors
+continued to suffer losses as bond prices fell sharply in
+recent months.
+    Now the historic fall in the U.S. stock market has stunned
+Japanese investors, killing their appetite for U.S. stocks.
+    Keita Konishi of Sumitomo Life Insurance Co said while his
+firm was not panicked into an across-the-board sell-off of its
+U.S. stock investments, he does not expect it to resume buying
+stocks for some time.
+    There has been no panic selling by Japanese institutional
+investors so far during the stock price nosedive, said Susumu
+Uchiyama of Yamaichi Internatinal (America), Inc. Following the
+steep decline, however, Japanese are not buying, even though
+U.S. stocks now appear bargain-priced, he said.
+    "There will be no big wave of Japanese investment in the
+U.S. for the time being," said Keiji Tsuda of Nissei BOT Asset
+Management Corp, an investment advisory body to Nippon Life
+Insurance Co.
+    "It's the time to think twice. The psychological impact (on
+investors' behaviour) will drag on considerably," he said.
+    The latest turmoil in the financial market was triggered by
+U.S. Treasury Secretary James Baker as he threatened a futher
+dollar fall in retaliation for higher West German interest rate
+rises, and undermined foreign investors' confidence in the
+dollar, Tsuda said.
+    The U.S. economy is still sitting on the time bomb of huge
+budget and trade deficits, he said, and investors' worries over
+the twin problems have intensified.
+    "Before I thought the dollar's large fall (over the past
+two years) would take out the detonator out of that bomb, but
+it hasn't," Tsuda said.
+    Investors and brokers said the Japanese for the first time
+have experienced the enormous volatality of the New York stock
+market, often caused by "program trading."
+    A stock trader at Daiwa Securities America Inc said that
+while Japanese investors had been attracted by American firms'
+superior performance relative to Japanese firms in terms of
+earnings per share, U.S. stocks' downside potential is now much
+larger than that oJapanese stocks.
+    While the Japanese stock market has also taken a nosedive,
+it could be stabilized by the efforts of large Japanse firms.
+    A high percentage of Japanese equities are held by
+companies who will hold on to their stocks and the stocks of
+other Japanese firms in order to strengthen their business ties
+through this cross-holding relationship, analysts said.
+    Despite the massacare on the Wall Street, Japanese
+investors are not expected to withdraw from U.S. stocks.
+    U.S. equities are in a process to be built in
+diversification of their portfolios and the portion of them is
+still very small, Japanese investors said. But, it is unclear
+when the Japanese will resume purchasing U.S. stocks and much
+depends on the dollar's stability, they said.
+    Kondo of Yasuda Trust said Japanese investors are not fully
+convinced that Federal Reserve Chairman Alan Greenspan is
+determined to fend the dollar's value and check future
+inflation in the U.S.
+    Because of uncertainty over the dollar's direction and
+inflation in the U.S., Japanese investors have not yet jumped
+on the Treasury bonds despite the latest sharp bond yield
+rises, investors said.
+    Konishi of Sumitomo Life said "A U.S. recession is being
+talked about, so it may be time to shift back to bonds, but I
+feel uneasy about buying any U.S. instruments right now."
+    Tsuda of Nissei questioned the strength of the recent rally
+in U.S. government bond prices. He said the steep bond market
+rally has no real trend as bond prices are rising on short
+covering and bills are rising on temporary fund shift from the
+stock market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21368" NEWID="20773">
+<DATE>20-OCT-1987 17:23:20.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3372&#31;reute
+u f BC-/DART-GROUP-DROPS-DAY   10-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DART GROUP DROPS DAYTON HUDSON &lt;DH> TAKEOVER BID</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Dart Group Corp &lt;DARTA.O> affiliate
+Madison Partners said that given current market conditions it
+has dropped its takeover bid for Dayton Hudson Corp.
+    The company said it sold 1.4 mln of its 4.6 mln shares of
+Dayton Hudson stock.
+    It said it intends to sell the rest of its Dayton Hudson
+shares. At current market levels, it would suffer a 70 mln dlr
+aftertax loss on its holding, a spokesman said.
+    Dart said it will not solicit authorization to call a
+meeting of Dayton Hudson shareholders.
+    Dart had offered to buy Dayton Hudson for 68 dlrs per
+share, valuing the Minneapolis based retailer at 6.6 billion
+dlrs. That offer was rejected by the company.
+    Following the selloff in takeover stocks last week, and the
+market's decline this week, Dayton Hudson stock closed at
+27-1/2 today, off 2-1/2.
+    Dart's holdings amounted to just under five pct of Dayton
+Hudson.
+    A Dart spokesman said the 1.4 mln shares were sold in the
+market today.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21369" NEWID="20774">
+<DATE>20-OCT-1987 17:27:27.47</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>bahrain</D><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3386&#31;reute
+r f PM-GULF   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONVOY RUNS GULF GAUNTLET, OTHER SHIPS STAY CLEAR</TITLE>
+<DATELINE>    BAHRAIN, Oct 20 - </DATELINE><BODY>A new convoy of tankers escorted by
+American warships headed down the Gulf on Wednesday, towards
+Iranian oil platforms still oozing smoke after having being
+blasted by U.S. Navy raiders.
+    Some Gulf sea captains were reported to be steering well
+clear of Iran's Silkworm missiles, however, and frontline
+emirate Kuwait redeployed air defences to counter the threat.
+    "I think the predominant feeling ... Is of being scared this
+conflict will escalate," a top West German Foreign Ministry
+official, Helmut Schaefer, told reporters in Bahrain after a
+tour of three Gulf states.
+b
+    Shipping sources said on Tuesday night at least six sea
+captains had voiced fears that Iran would avenge Monday's U.S.
+Raids by unleashing more Silkworm missiles at ships plying the
+Gulf.
+    Belgium decided two minesweepers en route for the Gulf
+would stay out for the time being following Monday's U.S.
+Action.
+    But there was no sign that the prospect of more tit-for-tat
+assaults had reduced the level of shipping activity in the
+area.
+    Iran, having vowed to react strongly after Monday's U.S.
+Action, launched a barrage of threats and ridicule.
+    For its part, Washington warned Iran again on Tuesday that
+it was ready for any further hostile action.
+    Pentagon officials then announced that a U.S. Guided
+missile destroyer began escorting two Kuwaiti tankers flying
+the U.S. flag southwards--the 80,000 tonne product carrier
+Ocean City and 46,000 tonne petroleum tanker Gas King.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21370" NEWID="20775">
+<DATE>20-OCT-1987 17:27:40.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3388&#31;reute
+d f BC-METROPOLITAN-&lt;MONY.O>   10-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>METROPOLITAN &lt;MONY.O> TO MAKE OFFER FOR METEX</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Metropolitan Consolidated Industries Inc
+said it will make a tender offer for all or any of the
+outstanding shares of common stock of Metex Corp &lt;MTX> not
+currently held by or under option to Metropolitan for 7.75 dlrs
+per share.
+    The company said the offer will be subject ot securing
+satisfactory financing.
+    Metropolitan currently owns about 25.7 pct of Metex common
+and holds options to purchase about an additional 16 pct of
+Metex common stock.
+   
+    Metropolitan said the offer will be made no later than
+October 27.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21371" NEWID="20776">
+<DATE>20-OCT-1987 17:28:41.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3393&#31;reute
+d f BC-BII-ENTERPRISES-&lt;BII.   10-20 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BII ENTERPRISES &lt;BII.TO> NINE MTHS AUG 31 NET</TITLE>
+<DATELINE>    TORONTO, Oct 20 -
+    </DATELINE><BODY>Shr 22 cts vs 50 cts
+    Net 1.2 mln vs 2.2 mln
+    Sales 41.7 mln vs 38.3 mln
+    Note: BII Enterprises Inc
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21372" NEWID="20777">
+<DATE>20-OCT-1987 17:29:58.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3398&#31;reute
+d f BC-SIMMONS-AIRLINE-&lt;SIMM   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIMMONS AIRLINE &lt;SIMM.O> DOUBLES STOCK BUYBACK</TITLE>
+<DATELINE>    CHICAGO, Oct. 20 - </DATELINE><BODY>Simmons Airlines Inc said its board of
+directors authorized a doubling in the company's stock
+repurchase program to one mln shares from 500,000 shares.
+    The buyback would represent about 20 pct of its issued
+shares, Simmons said.
+    The company said it bought 205,000 shares today, bringing
+its total repurchase since the program was authorized on July
+29 to 534,500 shares. It said Simmons now has 4,540,459 shares
+outstanding. Its stock closed at 5-5/8 bid and 5-3/4 offered.
+    Shares will be bought privately and in the open market, it
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21373" NEWID="20778">
+<DATE>20-OCT-1987 17:32:23.07</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>kuwait</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3405&#31;reute
+u f AM-GULF-DENIAL 1STLD  10-20 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARTILLERY SHELLS SAID TO FALL ON KUWAIT BORDER</TITLE>
+<DATELINE>    KUWAIT, Oct 20 - </DATELINE><BODY>Artillery shells from an exchange of fire
+between Iran and Iraq fell on Kuwait's northern border on
+Tuesday but caused no casualties, the Kuwait News Agency KUNA
+said, quoting a Defense Ministry official.
+    There were rumors in world oil markets on Tuesday that Iran
+had fired shells at an oil camp in northern Kuwait in
+retaliation for U.S. Attacks on Iranian oil platforms in the
+Gulf on Monday. "Several shells fell in a random manner on the
+northern border of the country," the official told KUNA. "It
+seems these shells arose from an exchange of fire between Iran
+and Iraq... No one was wounded and there were no losses."
+    Diplomats said shells from the nearby Iran-Iraq warfront
+had in the past fallen in the northern Kuwaiti desert.
+    A senior Kuwait Petroleum Corporation official had earlier
+told Reuters he was unaware of any attack against Kuwaiti oil
+installations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21374" NEWID="20779">
+<DATE>20-OCT-1987 17:32:38.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3408&#31;reute
+d f BC-ZERO-CORP-&lt;ZRO>-2ND-Q   10-20 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZERO CORP &lt;ZRO> 2ND QUARTER NET</TITLE>
+<DATELINE>    LOS ANGELES, Oct 20 -
+    </DATELINE><BODY>Shr 27 cts vs 20 cts
+    Net 3,411,000 vs 2,487,000
+    Revs 34.7 mln vs 31.9 mln
+    Six mths
+    Shr 51 cts vs 41 cts
+    Net 6,372,000 vs 5,090,000
+    Revs 68.1 mln vs 63.7 mln
+    Avg shrs 12.6 mln vs 12.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21375" NEWID="20780">
+<DATE>20-OCT-1987 17:35:13.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>james-baker</D><D>greenspan</D><D>sprinkel</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3412&#31;reute
+b f BC-/REAGAN-SAYS-HE-IS-WI   10-20 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAYS HE IS WILLING TO NEGOTIATE ON BUDGET</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>President Reagan said he had ordered
+the administration to begin talks with congressional leaders on
+a budget deficit reduction plan.
+    Reagan said in a statement following a meeting with his top
+economic advisers that he was prepared to order across the
+board spending cuts to comply with a Federal balanced budget
+law, but preferred to negotiate with Congress.
+    He said he would consider anything the congressional
+leadership proposed, but a spokesman said he remains opposed to
+raising taxes as a way to reduce the deficit.
+    "I think it is preferable, if possible that the executive
+and legislative branches reach a budget deficit reduction
+package. Accordingly, I am directing that discussions be
+undertaken with the bipartisan leadership of the Congress for
+that purpose," Reagan said.
+    Asked whether he would consider raising taxes, Reagan said
+"I am willing to look at whatever proposal they might have."
+    As Reagan boarded the helicopter to visit his wife Nancy at
+Bethesda Naval Hospital, he was questioned as to whether that
+meant he was softening on his tax stance. Reagan replied "if you
+heard that it must have been the helicopter."
+    White House spokesman Marlin Fitzwater later told reporters
+that Reagan was not changing his opposition to tax increases.
+Fitzwater said the administration would accept automatic cuts
+under the Gramm Rudman balanced budget law rather than raise
+taxes.
+    Earlier on Tuesday congressional leaders called for an
+economic summit with the White House to address the nation's
+budget and trade deficits that some analysts say were partly to
+blame for the stock market drop.
+    Reagan said he would be willing to participate personally
+in any negotiations with Congress.
+    The White House earlier seemed to reject the idea of
+negotiating with Congress on the budget deficit.
+    Fitzwater said this morning that the White House continued
+to oppose a budget summit with Congress on the grounds that it
+would be used by Democrats as a platform to press for a tax
+increase.
+    But Reagan announced his willingness to negotiate with
+Congress after meeting for about an hour with White House Chief
+of Staff Howard Baker, Treasury Secretary James Baker, Federal
+Reserve Board Chairman Alan Greenspan and chief economic
+adviser Beryl Sprinkel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21376" NEWID="20781">
+<DATE>20-OCT-1987 17:35:22.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3413&#31;reute
+r f BC-BAUSCH-AND-LOMB-&lt;BOL>   10-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAUSCH AND LOMB &lt;BOL> TO REPURCHASE SHARES</TITLE>
+<DATELINE>    ROCHESTER, N.Y., Oct 20 - </DATELINE><BODY>Bausch and Lomb Inc said its
+board of directors has authorized the repurchase of up to three
+mln of its 30.5 mln issued shares of common stock.
+    The company said recent turmoil in the financial markets
+has resulted in its stock being priced substantially below a
+level which it believes to be an accurate reflection of the
+company's present performance and future earnings potential.
+    The shares will be repurchased at management's discretion,
+either in the open market, or by private purchase, and will be
+used in connection with acquisitions, stock options and
+employee benefit plans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21377" NEWID="20782">
+<DATE>20-OCT-1987 17:36:54.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3419&#31;reute
+u f BC-PACIFIC-EXCHANGE-MAY   10-20 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC EXCHANGE MAY SEE RECORD VOLUME AGAIN</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 20 - </DATELINE><BODY>Pacific Stock Exchange Chairman
+Maurice Mann said the exchange may have reached record volume
+again today, following yesterday's record 17.6 mln shares.
+    it looks like at least the same volume as yesterday, Mann
+said at a news conference following the close.
+    The exchange closed one-half hour early for the second
+straight day. Mann said the exchange will determine daily
+whether or not to close early over the next several days.
+    Mann said the only major operational problem today occurred
+when the exchange had to stop trading 30 over-the-counter
+options, 17 of which trading were restored later in the day.
+    He said the options had to be halted because price
+information on the underlying stocks was not being disseminated
+on the floor quickly enough.
+    "You cannot trade an option, unless you know how much its
+worth," he said.
+    Mann said the exchange's computer system was working better
+than had been expected under the pressure of the heavy trading
+volume.
+    "This system was not designed to do what it did today and
+yesterday," he said.
+    He said technical adjustments to the system since yesterday
+improved today's operations. He would not elaborate.
+    Mann said the decision to close the exchange early was not
+due to concerns over the vulnerability of being open one half
+hour after New York closed. Rather, he said, it was to allow
+trades to be tallied in conformance with other exchanges.
+    In Los Angeles, traders said although trading was hectic,
+they were able to keep up with orders better than yesterday.
+    "We could handle the orders we got. Things seem to be
+smoothing out," said Richard Goforth, a partner with Crowell
+Weedon and Co who trades on the Los Angeles exchange floor.
+    Goforth, added, however, traders expected to be there into
+the evening sorting out the paperwork on their trades.
+    Jefferies and Co Director of Trading James Melton said the
+firm has been extremely busy making markets in halted stocks
+and in after hours trading. He said Jefferies has been trading
+about 15 hours a day, beginning at 0300 pdt.
+    Melton said Jefferies made markets in such blue chip stocks
+as International Business Machines &lt;IBM>, Allegis Corp &lt;AEG>
+and Merck and Co &lt;MRK> while they were halted on the exchanges.
+    Melton declined to give volumes of off-market trading the
+company has been doing, but said, "its just very, very busy...
+when the stocks are halted our markets are very active." He
+said he expects the heavy volume to continue through the week.
+    While sellers still predominated, Melton added, "people
+were bottom fishing a little bit in the blue chips...but its
+very nervous."
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21378" NEWID="20783">
+<DATE>20-OCT-1987 17:37:50.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f3424&#31;reute
+r f BC-FIRST-REPUBLICBANK-&lt;F   10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST REPUBLICBANK &lt;FRB> TROUBLED LOANS RISE</TITLE>
+<DATELINE>    DALLAS, Oct 20 - </DATELINE><BODY>First RepublicBank Corp, the largest bank
+holding company in Texas, reported a loss of 6.3 mln dlrs for
+the third quarter and said that its non-performing loans rose
+sharply because of a further deterioration in Texas's real
+estate market.
+    There was no comparable figure for the third quarter of
+1986 because the company was formed in June 1987 through the
+merger of RepublicBank Corp and Interfirst Corp.
+    Non-performing loans were 3.1 billion dlrs at the end of
+September, or 12.4 pct of total assets, mpared with 9.5 pct
+at the end of the second quarter.
+    Loans secured by real estate accounted for about 90 pct of
+the 706 mln dlr increase in non-performing loans in the third
+quarter, First Republicbank said.
+    It said the poor shape of the office and retail housing
+markets in Dallas, Houston and Austin will continue to hold
+back earnings.
+    "As indicated earlier in 1987 by First RepublicBank, the
+company will continue to assess future common stock dividend
+payments relative to earnings performance," Gerald
+Fronterhouse, chairman and chief executive officier, said in a
+statement.
+    First RepublicBank said its third-quarter loan loss
+provision of 106 mln dlrs and net charge-offs of 87 mln dlrs
+left its total allowance for credit losses at 1.14 billion
+dlrs, or 4.6 pct of the loan portfolio.
+    The company's primary capital amounted to 7.9 pct of assets
+at the end of September.
+    The 6.3 mln dlr loss was sustained despite a 29 mln dlr cut
+in overhead, achieved partly by staff attrition. The size of
+the combined staffs of the two banks has been cut by 12 pct so
+far this year, and Fronterhouse said the bank is ahead of the
+schedule it set for achieving savings through the merger.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21379" NEWID="20784">
+<DATE>20-OCT-1987 17:39:14.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3432&#31;reute
+r f BC-SEALED-AIR-CORP-&lt;SEE>   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEALED AIR CORP &lt;SEE> 3RD QTR NET</TITLE>
+<DATELINE>    SADDLE BROOK, N.J., Oct 20 -
+    </DATELINE><BODY>Shr 54 cts vs 53 cts
+    Net 4,193,000 vs 4,052,000
+    Revs 75.2 mln vs 63.9 mln
+    Nine mths
+    Shr 1.98 dlrs vs 1.75 dlrs
+    Net 15.4 mln vs 13.5 mln
+    Revs 223.4 mln vs 199.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21380" NEWID="20785">
+<DATE>20-OCT-1987 17:39:55.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3433&#31;reute
+d f BC-PACIFIC-STOCK-EXCHANG   10-20 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC STOCK EXCHANGE CLOSING FIGURES DELAYED</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>The Pacific Stock Exchange said that due
+to huge backups and computer difficulties, its closing figures
+would not be available until later this evening.
+    The exchange did not specify what time the figures would be
+released.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21381" NEWID="20786">
+<DATE>20-OCT-1987 17:45:11.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3453&#31;reute
+h f BC-CITYFED-FINANCIAL-&lt;CT   10-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITYFED FINANCIAL &lt;CTYF.O> ENDS STOCK ISSUE</TITLE>
+<DATELINE>    PALM BEACH, Fla., Oct 20 - </DATELINE><BODY>CityFed Financial Corp said it
+would stop issuing common stock to a variety of shareholder and
+employee groups.
+    The company, which said on Monday it will repurchase up to
+one mln shares of common in the open market, said it will no
+longer issue common stock for its dividend reinvestment and
+stock purchase plan, or for the employee thrift and profit
+sharing plan of its City Federal Savings Bank unit.
+    It also said it would no longer grant a five pct market
+discount on shares purchased by reinvested dividends under the
+dividend reinvestment and stock puurchase plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21382" NEWID="20787">
+<DATE>20-OCT-1987 17:45:20.82</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3454&#31;reute
+r f BC-U.S.-MAY-END-ADDITION   10-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MAY END ADDITIONAL SANCTIONS AGAINST JAPAN</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The United States may lift an
+additional 84 mln dlrs in trade sanctions against Japan later
+this month, Reagan Administration officials said.
+    President Reagan imposed 300 mln dlrs in sanctions on
+Japanese goods last April for its failure to honor a 1986
+agreement to end dumping semiconductors in the U.S. and third
+country markets and to open its home market to U.S. goods.
+    The move raised tariffs to 100 pct from about five pct on
+Japanese color television sets, hand-held power tools and
+portable computers.
+    Reagan lifted 51 mln dlrs of the sanctions last June  after
+Japan ended selling the semiconductors on the U.S. market at
+below production costs.
+    Semiconductors are the small silicon chips used for memory
+and recall purposes in a wide variety of computers.
+    The Administration officials said Commerce Department 
+monitors showed that Japan was ending its dumping of the
+semiconductors in third countries, where they had been taking
+sales away from American-made semiconductors.
+    They said it was likely the 51 mln dlrs in sanctions would
+be lifted by the end of the month.
+    The United States and Japan remain at odds over opening the
+closed Japanese markets to U.S. goods.
+    U.S. and Japanese officials reviewed Japan's compliance
+with the agreement earlier this week.
+    The periodic reviews are to continue and the remaining
+sanctions to stay in force, the officials said, until Japan is
+in full compliance with the semiconductor agreement.
+ reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21383" NEWID="20788">
+<DATE>20-OCT-1987 17:46:21.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3458&#31;reute
+r f BC-ATT-&lt;T>-AND-TELERATE   10-20 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> AND TELERATE &lt;TLR> IN JOINT PACT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>American Telephone and Telegraph Co and
+Telerate Inc said they will form a joint partnership to develop
+and market electronic transaction services for global financial
+markets.
+    The companies said the partnership will provide a system
+that gives international money traders the ability to manage
+transactions instantaneously.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21384" NEWID="20789">
+<DATE>20-OCT-1987 17:48:21.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f3462&#31;reute
+f f BC-CANADIAN-UTILIT   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>CANADIAN UTILITIES INCREASES QTLY DIVIDEND TO 33 CTS FROM 32-1/2 CTS/SHR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21385" NEWID="20790">
+<DATE>20-OCT-1987 17:49:23.77</DATE>
+<TOPICS><D>lumber</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3464&#31;reute
+d f BC-ATT'N-BISHOPRIC   10-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN PACIFIC (CP) UNIT STUDIES PULP MILL</TITLE>
+<DATELINE>     MONTREAL, Oct 20 - </DATELINE><BODY>CIP Inc, wholly-owned by Canadian
+Pacific Ltd, is considering building a pulp mill in Texas which
+would use kenaf fibre instead of wood, CIP president Cecil
+Slenniken said in an interview.
+     The kenaf plant is a member of the hibiscus family and was
+artificially developed several years ago. The plant, which has
+been grown in Southern Texas, reaches a height of 10 feet in
+three months and is said to produce better quality newsprint
+than wood pulp, a CIP official said.
+     Slenniken said the company has commissioned studies for a
+200,000 tonne capacity pulp mill which would use the fibre but
+would need partners to begin the project.
+    "We are not yet ready to commit the hundreds of millions of
+dollars it would take for such a project," Slenniken said.
+     He said CIP has been using the pulp on a trial basis to
+make newsprint containing 90 pct kenaf fibre and 10 pct
+softwood fibre at its Trois-Rivieres, Quebec plant.
+    CIP, Canada's second largest newsprint producer, recently
+launched a 366 mln Canadian dlr newsprint mill at Gold River,
+British Columbia which is due begin producing 230,000 metric
+tonnes per year by fall of 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21386" NEWID="20791">
+<DATE>20-OCT-1987 17:50:27.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3467&#31;reute
+r f BC-CALIFORNIA-FIRST-BANK   10-20 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA FIRST BANK (CFBK.O) 3RD QTR NET</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 20 -
+    </DATELINE><BODY>Shr 83 cts vs 67 cts
+    Net 10,052,000 vs 7,929,000
+    Avg shrs 12,161,000 vs 11,824,000
+    Nine mths
+    Shr 2.33 dlrs vs 1.91 dlrs
+    Net 28,110,000 vs 22,386,000
+    Avg shrs 12,078,000 vs 11,729,000
+    Assets 5.9 billion vs 5.7 billion
+    Deposits 5.3 billion vs 4.8 billion
+    Loans and leases 4.2 billion vs 4.0 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21387" NEWID="20792">
+<DATE>20-OCT-1987 17:56:05.08</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3479&#31;reute
+r f BC-TRACE-PRODUCTS-&lt;TRCE.   10-20 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRACE PRODUCTS &lt;TRCE.O> MERGER AGREEMENT SUSPENDED</TITLE>
+<DATELINE>    SAN JOSE, Calif., - </DATELINE><BODY>Trace Products Inc said its stock-swap
+merger agreement with privately held Central Point Software has
+been suspended indefinitely because of uncertainty in the stock
+market.
+    Trace Products, which manufactures diskette and tape
+duplication equipment for software publishers, had earlier
+agreed to acquire Portland, Ore.-based Central Point for 5.5
+mln shares of its common stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21388" NEWID="20793">
+<DATE>20-OCT-1987 17:56:28.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3480&#31;reute
+d f BC-RPC-ENERGY-SERVICES-I   10-20 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RPC ENERGY SERVICES INC &lt;RES> 1ST QTR SEPT 30</TITLE>
+<DATELINE>    ATLANTA, Oct 20 -
+    </DATELINE><BODY>Shr profit one cent vs loss 29 cts
+    Net profit 116,000 vs loss 4,195,000
+    Revs 20.2 mln vs 6,393,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21389" NEWID="20794">
+<DATE>20-OCT-1987 17:57:04.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3484&#31;reute
+d f BC-BRENTON-BANKS-&lt;BRBK.O   10-20 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRENTON BANKS &lt;BRBK.O> 3RD QTR OPER NET</TITLE>
+<DATELINE>    DES MOINES, Iowa, Oct 20 -
+    </DATELINE><BODY>Oper shr 38 cts vs 1.84 dlrs
+    Oper net 973,000 vs 4,497,000
+    Nine mths
+    Oper shr 1.22 dlrs vs 1.31 dlrs
+    Oper net 3,133,000 vs 3,410,000
+    NOTE: Results exclude extraordinary gain from net loss
+carryforward of 672,000 dlrs or 27 cts in 1987 3rd qtr, 918,000
+dlrs 38 cts in 1986 3rd qtr, and 1,071,000 dlrs or 44 cts in
+1987 nine months. 1986 results include 5.1 mln dlr gain from
+termination of defined benefit pension plan.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21390" NEWID="20795">
+<DATE>20-OCT-1987 17:57:49.79</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>west-germany</D></PLACES>
+<PEOPLE><D>reagan</D><D>james-baker</D><D>takeshita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3485&#31;reute
+u f BC-REAGAN-SAYS-U.S.-COMM   10-20 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAYS U.S. COMMITTED TO LOUVRE ACCORD</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>President Reagan said the United
+States remains committed to the Louvre accord in which the
+seven major industrial nations agreed to stabilize currency
+exchange rates.
+    "The United States remains committed to the Louvre
+agreement," Reagan said in a statement following a meeting with
+his top economic advisers.
+    Reagan said the United States, Japan and West Germany had
+all reaffirmed their commitment to coordinate economic
+policies.
+    Reagan said Japanese Prime Minister-designate Noboru
+Takeshita said in a telephone conversation Tuesday morning that
+"his (Takeshita's) top priority was to maintain stable economic
+relations with the United States."
+    Reagan noted that Treasury Secretary James Baker met with
+West German financial officials and reaffirmed their commitment
+to the Louvre agreement.
+    They "reaffirmed our agreement to coordinate economic
+policies to provide for non-inflationary growth and stable
+exchange rates," Reagan said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21391" NEWID="20796">
+<DATE>20-OCT-1987 18:06:58.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3500&#31;reute
+r f BC-Canadian-Utilities   10-20 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN UTILITIES &lt;CU.TO> LIFTS QTLY DIVIDEND</TITLE>
+<DATELINE>    EDMONTON, Alberta, Oct 20 -
+    </DATELINE><BODY>Qtly div 33 cts vs 32-1/2 cts
+    Pay Dec one
+    Record Nov six
+    Note: Canadian Utilities Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21392" NEWID="20797">
+<DATE>20-OCT-1987 18:09:42.62</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3504&#31;reute
+r f BC-SUAVE-SHOE   10-20 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP LIFTS STAKE IN SUAVE SHOE&lt;SWV> TO 11.5 PCT</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>A shareholder group including
+Entregrowth Interational Ltd, of Auckland, New Zealand, said it
+lifted its stake in Suave Shoe Corp common stock to 319,600
+shares, or 11.5 pct of the total outstanding, from a previous
+figure of approximately 238,400 shares, or 8.6 pct.
+    In a filing with the Securities and Exchange Commission,
+the group said it bought 81,200 Suave Shoe common shares in
+open market transactions between October 1 and 19 at 8.34 dlrs
+to 10.07 dlrs a share.
+    No reason was given for the purchases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21393" NEWID="20798">
+<DATE>20-OCT-1987 18:10:17.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3506&#31;reute
+r f BC-BUDGET-RENT-A-CAR-COR   10-20 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUDGET RENT A CAR CORP &lt;BDGT.O> 3RD QTR NET</TITLE>
+<DATELINE>    CHICAGO, Oct 20 -
+    </DATELINE><BODY>Shr 51 cts vs 36 cts
+    Net 5,600,000 vs 4,000,000
+    Revs 115.4 mln vs 91.2 mln
+    Nine mths
+    Shr 1.13 dlrs vs 61 cts
+    Net 10.7 mln vs 5,800,000
+    Revs 308.2  mln vs 249.5 mlln
+    NOTE: 1986 resutls restated on pro forma basis to reflect
+comparable treatment of Budget's leveraged buyout on September
+30, 1986, and initial common stock offering on May 22, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21394" NEWID="20799">
+<DATE>20-OCT-1987 18:10:25.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3507&#31;reute
+h f BC-ICM-PROPERTY-INVESTOR   10-20 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICM PROPERTY INVESTORS INC &lt;ICM> CUTS PAYOUT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Qtrly div 34 cts vs 40 cts prior
+    Pay Nov 21
+    Record Nov Four
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21395" NEWID="20800">
+<DATE>20-OCT-1987 18:10:50.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3508&#31;reute
+d f BC-USPCI-INC-&lt;UPC>-3RD-Q   10-20 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USPCI INC &lt;UPC> 3RD QTR NET</TITLE>
+<DATELINE>    OKLAHOMA CITY, Oct 20 -
+    </DATELINE><BODY>Shr 12 cts vs 10 cts
+    Net 1,600,000 vs 1,314,000
+    Revs 17.6 mln vs 12.2 mln
+    Nine mths
+    Shr 58 cts vs 43 cts
+    Net 7,624,000 vs 5,336,000
+    Revs 56.8 mln vs 40.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21396" NEWID="20801">
+<DATE>20-OCT-1987 18:11:06.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3510&#31;reute
+d f BC-SOMERSET-BANCORP-INC   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOMERSET BANCORP INC &lt;SOMB.O> 3RD QTR NET</TITLE>
+<DATELINE>    SOMERVILLE, N.J., Oct 20 -
+    </DATELINE><BODY>Net 1,137,000 vs 1,185,000
+    Nine mths
+    Shr 2.17 dlrs vs 2.03 dlrs
+    Net 3,645,000 vs 3,384,000
+    Assets 374.4 mln vs 355.4 mln
+    NOTE: Per shr data in qtr not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21397" NEWID="20802">
+<DATE>20-OCT-1987 18:11:22.64</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3511&#31;reute
+d f BC-CPT-CORP-&lt;CPTC.O>-1ST   10-20 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CPT CORP &lt;CPTC.O> 1ST QTR SEPT 30 LOSS</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 20 -
+    </DATELINE><BODY>Shr loss 15 cts vs loss 19 cts
+    Net loss 2,161,000 vs loss 2,873,000
+    Revs 24.5 mln vs 22.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21398" NEWID="20803">
+<DATE>20-OCT-1987 18:11:47.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3513&#31;reute
+d f BC-THE-CHARIOT-GROUP-INC   10-20 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE CHARIOT GROUP INC &lt;CGR> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 20 -
+    </DATELINE><BODY>Shr 10 cts vs two cts
+    Net 262,000 vs 38,000
+    Revs 11.2 mln vs 5,858,000
+    Avg shrs 2,589,045 vs 2,588,364
+    Nine mths
+    Shr 46 cts vs 26 cts
+    Net 1,179,000 vs 601,000
+    Revs 32.7 mln vs 18.7 mln
+    NOTE: All per shr data adjusted to reflect 10 pct stock
+dividend distributed in 2nd qtr 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21399" NEWID="20804">
+<DATE>20-OCT-1987 18:12:00.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3515&#31;reute
+d f BC-COMSHARE-INC-&lt;CSRE.O>   10-20 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMSHARE INC &lt;CSRE.O> 1ST QTR SEPT 30 LOSS</TITLE>
+<DATELINE>    ANN ARBOR, Mich, Oct 20 -
+    </DATELINE><BODY>Shr loss 35 cts vs profit 18 cts shr
+    Net loss 946,300 vs profit 502,500
+    Revs 17.3 mln vs 16.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21400" NEWID="20805">
+<DATE>20-OCT-1987 18:14:24.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f3517&#31;reute
+r f BC-FORMER-U.S.-TREASURY   10-20 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORMER U.S. TREASURY SECRETARY BLASTS REAGAN</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Former Treasury Secretary William Simon
+sharply criticised President Reagan for irresponsible fiscal
+policies that contributed to this week's stock price collapse.
+    "(Reagan) fell for that siren song that you can cut taxes
+without cutting spending and that we would 'grow our way out of
+this,' and everything would be wonderful," Simon said, in an
+apparent reference to the massive U.S. budget deficit.
+    "Every time we hear that nonsense we ought to howl with
+pain as we were howling yesterday and are howling today," he
+said in an interview taped this afternoon for the MacNeil
+Lehrer Newshour which will air at 1930 EDT (2330 GMT).
+    Simon, who held his post under presidents Nixon and Ford,
+said Reagan's tax cuts are positive for saving and investment.
+    And he blamed Congress for causing the U.S.'s fiscal
+problems by putting self-interest ahead of national interest.
+    "It's not only the president. It's Congress ... under
+Republicans and Democrats alike," he said. "They're a bunch of
+hypocrites who have one credo -- that credo is 'more.'"
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21401" NEWID="20806">
+<DATE>20-OCT-1987 18:15:28.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3520&#31;reute
+u f BC-FIRST-MISSISSIPPI-&lt;FR   10-20 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST MISSISSIPPI &lt;FRM> MAY REPURCHASE STOCK</TITLE>
+<DATELINE>    JACKSON, Miss., Oct 20 - </DATELINE><BODY>First Mississippi Corp said in
+view of the recent decline in its stock price due to the drop
+in the stock market, it is considering a repurchase of its
+common stock.
+    The company did not say how many shares it would repurchase
+but said that it has about 13 mln dlrs available for such
+actions.
+    The company also said its first quarter earnings, to be
+released next week, will be substantially better than the 33
+cts per share last year.
+   
+    Results will also include a gain of about 44 cts per share
+from the sale of a portion of the company's interest in
+Melamine Chemicals, the company said.
+    The company said its plan for corporate restructuring is
+proceeding on schedule and that proceeds from the 49 mln dlr
+coal supply contract settlement with &lt;Tampa Electric Co> have
+been received and will be used to reduce debt.
+    First Mississippi is a diversified resource company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21402" NEWID="20807">
+<DATE>20-OCT-1987 18:16:31.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3524&#31;reute
+r f BC-MARINE-CORP-&lt;MCRP.O>   10-20 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARINE CORP &lt;MCRP.O> 3RD QTR NET</TITLE>
+<DATELINE>    MILWAUKEE, Oct 20 -
+    </DATELINE><BODY>Shr 1.24 dlrs vs 1.16 dlrs
+    Net 10.1 mln vs 8,910,000
+    Nine mths
+    Shr 2.42 dlrs vs 3.30 dlrs
+    Net 19.8 mln vs 25.4 mln
+    Assets 4.3 billion vs 3.8 billion
+    Deposits 3.4 billion vs 3.1 billion
+    Loans 2.6 billion vs 2.3 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21403" NEWID="20808">
+<DATE>20-OCT-1987 18:17:07.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F 
+&#22;&#22;&#1;f3525&#31;reute
+d f BC-S/P-MAY-DOWNGRADE-IC   10-20 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P MAY DOWNGRADE IC INDUSTRIES &lt;ICX> UNIT DEBT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Standard and Poor's Corp said IC
+Products Co's BBB-plus senior debt is under review with
+negative implications. Also, Pneumo-Abex Corp's BBB-plus senior
+debt and BBB subordinated debt are being reviewed with
+"developing" implications.
+    Both firms are units of IC Industries Inc whose debt is not
+rated by S and P. About 65 mln dlrs of debt is affected.
+    S and P said it is reviewing management's current business
+objectives and the resources needed to achieve them in
+determining the credit quality impact of an expanded
+restructuring program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21404" NEWID="20809">
+<DATE>20-OCT-1987 18:18:39.31</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f3527&#31;reute
+u f BC-CFTC-CONFIRMS-CLEARIN   10-20 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CFTC CONFIRMS CLEARING MARGINS COLLECTED</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The Commodity Futures Trading
+Commission said futures markets collected clearing margins
+called following feverish futures trading on Monday.
+    "The Commission remains in frequent contact with the
+futures markets which trade stock index futures and options,
+each of which has confirmed the collection of clearing margins
+called for as a consequence of futures trading on Monday,
+October 19, 1987," the CFTC said in a statement.
+    Four U.S. exchanges briefly halted stock index futures
+trading Tuesday, and the New York Stock Exchange (NYSE) urged
+members to refrain from using program trading.
+    Acting CFTC Chairman Kalo Hineman said CFTC continued to
+"closely monitor the financial integrity of firms with
+positions in the stock index futures and options markets."
+    A futures industry official said there was some concern
+among industry leaders that stock index futures would be blamed
+for the stock market's nosedive on Monday.
+    "This is an equity market problem," the official said. "Our
+(U.S.) budget deficit, (and) what's going on in the Gulf appear
+to be much more responsible because they shape what's happening
+in futures markets."
+    Some lawmakers focused criticism on index arbitrage
+trading.
+    Republican Senator John Heinz said he recommended to the
+White House that daily trading limits be applied to stock index
+futures and that index futures margins be raised.
+    Democrat Representative Charles Schumer said Congress would
+consider new controls over margin requirements.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21405" NEWID="20810">
+<DATE>20-OCT-1987 18:22:28.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F 
+&#22;&#22;&#1;f3529&#31;reute
+d f BC-S/P-DOWNGRADES-DEL-E.   10-20 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P DOWNGRADES DEL E. WEBB SUBORDINATED DEBT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Standard and Poor's Corp said it
+downgraded to CCC-plus from single-B Del E. Webb Corp's &lt;DWP>
+30 mln dlrs of outstanding subordinated debt.
+    It said the issue was removed from Creditwatch, where it
+was placed on July 27 due to the deteriorating operating
+performance at Webb's minority owned and managed Atlantic City
+and Nevada casino/hotel businesses.
+    S and P said the downgrade reflects the casinos' dismal
+earnings and cash flow prospects and Webb's resultant weakened
+financial condition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21406" NEWID="20811">
+<DATE>20-OCT-1987 18:29:37.00</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3537&#31;reute
+h f BC-SOUTHLAND   10-20 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHLAND &lt;SLC> TARGETED IN SEC INVESTIGATION</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>Southland Corp said it was told the 
+Securities and Exchange Commission ordered a private
+investigation into Southland stock trading and statements made
+by the company this year.
+    "Southland has been advised that the Commission has issued
+a private order of investigation concerning the trading of
+Southland stock during various times in 1987 and the issuance
+of various public statements by Southland," Southland said in a
+proxy statement to shareholders.
+    Southland did not elaborate on the SEC order of
+investigation, and company officials could not be reached for
+comment late Tuesday.
+    The SEC has a long-standing policy against confirming or
+denying the existence of investigations.
+    The proxy statement, filed with the Securities and Exchange
+Commission, is required for a November 5 shareholders meeting
+called to approve the previously announced acquisition of
+Southland by a company controlled by Southland chairman John
+Thompson and members of his family.
+    Earlier this year, a group led by Thompson acquired
+majority ownership of Southland through a 77 dlrs a share
+tender offer for 31.5 mln shares of Southland common stock.
+    If the merger is approved, common stock still outstanding
+will be converted into the right to receive 61.32 dlrs a share
+in cash plus a fraction of a share of preferred stock.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21407" NEWID="20812">
+<DATE>20-OCT-1987 18:33:59.18</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3540&#31;reute
+r f BC-CONTINENTAL-INFORMATI   10-20 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONTINENTAL INFORMATION SYSTEMS &lt;CNY> 2ND QTR</TITLE>
+<DATELINE>    SYRACUSE, N.Y., Oct 20 -</DATELINE><BODY>Qtr ends Aug 31
+    Shr 22 cts vs 24 cts
+    Net 2,794,000 vs 2,993,000
+    Revs 91.4 mln vs 66.4 mln
+    Six mths
+    Shr 45 cts vs 45 cts
+    Net 5,677,000 vs 5,700,000
+    Revs 174.6 mln vs 132.8 mln
+    NOTE: full name of company is continental information
+systems corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21408" NEWID="20813">
+<DATE>20-OCT-1987 18:36:02.97</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3543&#31;reute
+r f BC-FAMILY-DOLLAR-STORES   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FAMILY DOLLAR STORES INC &lt;FDO> 4TH QTR AUG 31</TITLE>
+<DATELINE>    MATTHEWS, N.C., Oct 20 -
+    </DATELINE><BODY>Shr 15 cts vs 27 cts
+    Net 4,358,947 vs 7,786,640
+    Revs 140.8 mln vs 121.2 mln
+    Year
+    Shr 86 cts vs 1.06 dlrs
+    Net 24.8 mln vs 30.5 mln
+    Revs 560.3 mln vs 487.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21409" NEWID="20814">
+<DATE>20-OCT-1987 18:37:18.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3545&#31;reute
+h f BC-ALFA-CORP-&lt;ALFA.O>-3R   10-20 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALFA CORP &lt;ALFA.O> 3RD QTR NET</TITLE>
+<DATELINE>    MONTGOMERY, Ala., Oct 20 -
+    </DATELINE><BODY>Shr 28 cts vs 21 cts
+    Net 4,653,815 vs 3,564,451
+    Revs 34.0 mln vs 12.8 mln
+    Nine mths
+    Shr 61 cts vs 53 cts
+    Net 10.4 mln vs 8,881,825
+    Revs 61.8 mln vs 38.4 mln
+    NOTE: Per shr amounts are after giving retroactive effect
+for a 2-for-1 split effected as a 100 pct stock dividend which
+was paid June 1, 1987.Net includes net realized investment
+gains of 1,213,471 vs 937,801 in nine mths 1987 vs 1986, and
+604,172 vs 474,556 in qtr 1987 vs 1986. Net includes net
+investment income of 12.5 mln vs 11.2 mln in nine mths 1987 vs
+1986, and 4,480,540 vs 3,781,245 in qtr 1987 vs 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21410" NEWID="20815">
+<DATE>20-OCT-1987 18:38:00.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3546&#31;reute
+r f BC-FEDERAL-REALTY-&lt;FRT>   10-20 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL REALTY &lt;FRT> TO BUY BACK SHARES</TITLE>
+<DATELINE>    BETHESDA, Oct 20 - </DATELINE><BODY>Federal Realty Investment Trust said its
+management has been authorized to purchase up to one mln of its
+common shares at current market prices in open market
+transactions.
+    The company had 13.6 mln shares outstanding as of September
+30.
+    The company said it was making the purchases because its
+stock represented an excellent investment in light of current
+market conditions.
+    Federal Realty will finance the buy-back through available
+cash funds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21411" NEWID="20816">
+<DATE>20-OCT-1987 18:38:39.44</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3547&#31;reute
+r f BC-PAYLESS-CASHWAYS-&lt;PCI   10-20 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAYLESS CASHWAYS &lt;PCI> SETS SHARE BUYBACK PLAN</TITLE>
+<DATELINE>    KANSAS CITY, Mo, Oct 20 - </DATELINE><BODY>Payless Cashways Inc said it will
+repurchase up to one mln of its common shares from time to time
+in the open market.
+    The company, which has 34.7 mln shares outstanding, called
+the stock buyback a good investment at current prices. Its
+stock closed at 12-1/2, down 1/8, following a 3-3/8 point drop
+on Monday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21412" NEWID="20817">
+<DATE>20-OCT-1987 18:38:46.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3548&#31;reute
+r f BC-INVITRON-CORP-&lt;INVN.O   10-20 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVITRON CORP &lt;INVN.O> 1ST QTR SEPT 30 NET</TITLE>
+<DATELINE>    ST LOUIS, Oct 20 -
+    </DATELINE><BODY>Shr eight cts vs 12 cts
+    Net 1,016,552 vs 980,834
+    Revs 6,786,579 vs 4,356,561
+    NOTE: Invitron went public on October seven.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21413" NEWID="20818">
+<DATE>20-OCT-1987 18:38:50.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3549&#31;reute
+h f BC-ICOT-&lt;ICOT.O>-TO-BUY   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ICOT &lt;ICOT.O> TO BUY BACK MOST OF ITS SHARES</TITLE>
+<DATELINE>    SAN JOSE, Calif., Oct 20 - </DATELINE><BODY>ICOT Corp said it will
+periodically repurchase up to 7,500,000 of its 10,800,000
+outstanding shares.
+    The company said funds for the buy-back will come from
+working capital.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21414" NEWID="20819">
+<DATE>20-OCT-1987 18:39:14.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3550&#31;reute
+d f BC-FIRST-FEDERAL-WOOSTER   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL WOOSTER SETS FIRST PAYOUT</TITLE>
+<DATELINE>    WOOSTER, N.H., Oct 20 - </DATELINE><BODY>&lt;First Federal Savings and Loan
+Association of Wooster> said it declared its first quarterly
+dividend of seven cts per share.
+    The dividend is payable November 20 to stockholders of
+record November 2, the company said.
+    The company converted to a stock savings and loan on April
+7, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21415" NEWID="20820">
+<DATE>20-OCT-1987 18:39:26.14</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3551&#31;reute
+r f BC-CIRCLE-K-&lt;CKP>-TO-BUY   10-20 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRCLE K &lt;CKP> TO BUY UP TO THREE MLN SHARES</TITLE>
+<DATELINE>    SAN DIEGO, Oct 20 - </DATELINE><BODY>Circle K Corp said it may purchase up
+to three mln shares of its common stock.
+    A company spokesman said Circle K has 52.6 mln shares
+outstanding.
+    Circle K said the purchases would be made on the open
+market
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21416" NEWID="20821">
+<DATE>20-OCT-1987 18:40:25.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3552&#31;reute
+s f BC-SUPER-VALU-STORES-INC   10-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPER VALU STORES INC &lt;SVU> SETS REG DIV</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 20 -
+    </DATELINE><BODY>Qtly div 11 cts vs 11 cts prior
+    Pay December 15
+    Record December 1
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21417" NEWID="20822">
+<DATE>20-OCT-1987 18:40:41.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3553&#31;reute
+b f BC-SQUIBB-CORP-&lt;SQB>-3RD   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SQUIBB CORP &lt;SQB> 3RD QTR NET</TITLE>
+<DATELINE>    PRINCETON, N.J., Oct 20 -
+    </DATELINE><BODY>Shr 1.04 dlrs vs 78 cts
+    Net 109.2 mln vs 83.9 mln
+    Revs 561.3 mln vs 460.5 mln
+    Nine mths
+    Shr 2.61 dlrs vs 1.91 dlrs
+    Net 273.8 mln vs 206.6 mln
+    Revs 1.56 billion vs 1.27 billion
+    NOTE: Per shr amounts reflect the 2-for-1 split to
+shareholders of record on June 1, 1987.
+   
+    For qtr and nine mths 1987, exchange rate fluctuations had
+a favorable sales impact of 25.9 mln dlrs and 70.3 mln dlrs,
+respectively.
+    Net in nine mths 1986 includes income from discontinuing
+operations of 10.1 mln or nine cts per shr, and income of 3.9
+mln dlrs or four cts per shr in qtr 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21418" NEWID="20823">
+<DATE>20-OCT-1987 18:41:53.96</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3554&#31;reute
+u f BC-COMPUTER-SYSTEMS-STRA   10-20 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER SYSTEMS STRAINED BY MARKET COLLAPSE</TITLE>
+<AUTHOR>    By Lawrence Edelman</AUTHOR>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>The nation's exchanges and brokerage
+houses said their computers systems have been strained by the
+avalanche of trading triggered by the past week's stock market
+collapse.
+    And while the financial instry's hi-tech resources have
+been able to handle the crisis, the sudden surge in trading
+volume will likely force the exchanges and securities firms to
+revamp their computer systems and communications networks
+several years earlier than they had planned, industry officials
+said.
+    "We had already started certain processes to increase the
+New York Stock Exchange's capacity," said Jim Squyres, a
+spokesman for the Securities Industry Automation Corp, which
+runs the central computer network for the New York and American
+Stock Exchanges.
+    "We will have to seriously consider speeding that up," he
+said. After three straight days of record volume, however, many
+exchanges were pushing their systems to untested limits. And
+while the exchanges said their computers were handling the
+crush, brokers and traders complained about lost trades and
+delayed price quotes.
+    The most serious problems arose on Monday, when a record
+fall of 508 points in the dow and volume of more than 600 mln
+shares on the New york stock exchange stunned the entire
+industry.
+    The American Stock Exchange's order-routing system crashed
+just 10 minutes before trading closed. The Pacific Stock
+Exchange suspended business a half-hour early so it could catch
+up with a massive backlog of trades.
+    And the price-quote feed supplied by the NYSE was cut off
+several times during the day, leaving some traders with quotes
+that were often 45 minutes behind the actual market.
+     Although the computers whirred away late into the night,
+the exchanges opened on time Tuesday and problems were fewer,
+even though NYSE volume swelled to 610 mln shares. Combined
+volume of the NYSE, American and over-the-counter exchanges
+topped 900 mln shares.
+    "I think we're equipped for this kind of trading," said
+Paul Stevens, executive vice president of operations for the
+American Stock Exchange.
+    "The problem is less the computers, which are handling the
+volume, than the strain on people," he said.
+   
+     "The computers might turn out to be the heroes of this
+whole thing," added DuWayne Peterson, executive vice president
+of technology at Merrill Lynch and Co Inc.
+    In fact, officials said the biggest constraint on trading
+was caused by some of the oldest machines on exchange floors,
+the card printers that issue the buy and sell orders.
+    But even as computer executives spoke with awe about their
+systems' ability to hold up under unprecedented pressure, they
+started to plan for the future.
+
+     "We had to do a lot of innovative things to handle this
+volume," said Squyres of the Securities Industry Automation
+Corp (SIAC), which is jointly owned by the New York and
+American Stock exchanges.
+    SIAC had planned to boost the capacity of its system by up
+to 50 pct by 1990. But that and other improvements will now be
+made much earlier.
+    Meanwhile, New York Telephone Co said Monday's panic
+selling did not wreak havoc on its telephone system.
+    "It was a normally heavy business day," said company
+spokesman Steve Marcus.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21419" NEWID="20824">
+<DATE>20-OCT-1987 18:42:41.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3555&#31;reute
+r f BC-EDELMAN-GROUP-COMMITT   10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDELMAN GROUP COMMITTED TO TELEX &lt;TC> BID</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>TLX Partners, a group led by Asher
+Edelman, does not see any problems with its 65 dlr per share
+bid for Telex Corp, a Shearson Lehman official advising the
+group said.
+    Several other takeover proposals have crumbled following
+declines in financial markets, leading to speculation that
+Edelman might also drop his offer. Telex fell 11 to 34-1/4.
+    Earlier today, Carl Icahn dropped his bid to take Trans
+World Airlines Inc &lt;TWA> private and Dart Group Corp &lt;DARTA.O>
+said it abandoned plans to acquire Dayton Hudson Corp &lt;DH>.
+    Both cited market conditions.
+    "Nothing fundamental has changed with the company. The
+stock price has changed, but the company hasn't changed so
+there's no reason for us to change," said Daniel Good, head of
+Shearson Lehman merchant banking.
+    "Things are proceeding as planned, and we fully expect that
+at the time we have to pay for the shares the financing will be
+in place," Good said.
+    Shearson has agreed to provide bridge financing of up to 
+600 mln dlrs for the Edelman group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21420" NEWID="20825">
+<DATE>20-OCT-1987 18:48:14.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3563&#31;reute
+r f BC-CP-NATIONAL-CORP-(CPN   10-20 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CP NATIONAL CORP &lt;CPN> 3RD QTR NET</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 20 -
+    </DATELINE><BODY>Shr 46 cts vs 55 cts
+    Net 3,532,000 vs 4,217,000
+    Revs 54 mln vs 52.4 mln
+    Nine mths
+    Shr 1.97 dlrs vs 1.98 dlrs
+    Net 15.0 mln vs 14.8 mln
+    Revs 176.2 mln vs 176.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21421" NEWID="20826">
+<DATE>20-OCT-1987 18:49:09.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3564&#31;reute
+h f BC-GREAT-AMERICAN-FIRST   10-20 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT AMERICAN FIRST SAVINGS &lt;GTA> 3RD QTR NET</TITLE>
+<DATELINE>    SAN DIEGO, Oct 20 -
+    </DATELINE><BODY>Shr primary 92 cts vs 1.09 dlrs
+    Shr diluted 82 cts vs 97 cts
+    Net 21.8 mln vs 26.1 mln
+    Nine mths
+    Shr primary 3.07 dlrs vs 2.96 dlrs
+    Shr diluted 2.72 dlrs vs 2.44 dlrs
+    Net 73.2 mln vs 65.3 mln
+    Assets 14.29 billion vs 12.35 billion
+    Deposits 9.52 billion vs 8.69 billion
+    Loans 8.79 billion vs 8.69 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21422" NEWID="20827">
+<DATE>20-OCT-1987 18:50:09.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3566&#31;reute
+r f BC-MDS-HEALTH-&lt;MHGA.TO>   10-20 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MDS HEALTH &lt;MHGA.TO> GETS ORDER</TITLE>
+<DATELINE>    TORONTO, Oct 20 - </DATELINE><BODY>MDS Health Group Ltd said that mass
+spectrometry equipment developed and made by its Sciex division
+will be used in British-made contraband detection systems being
+purchased by the Japanese government.
+    The company said the Japanese customs bureau placed an
+initial 21 mln dlr order.
+    The equipment is able to detect illegal drugs in cargo, the
+company said. The systems are made by British Aerospace
+&lt;BAEL.L>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21423" NEWID="20828">
+<DATE>20-OCT-1987 18:51:17.51</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM Y 
+&#22;&#22;&#1;f3568&#31;reute
+u f AM-GULF-CONGRESS 3RDLD-(WRITETHROUGH)  10-20 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE BACKS U.S. RETALIATION IN GULF</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The U.S. Senate on Tuesday backed
+President Reagan's retaliatory strike against Iranian targets
+in the Gulf as it moved to take a greater role in making policy
+in the volatile region.
+    Senators voted 92-1 for a non-binding measure that endorsed
+Monday's U.S. attack on two Iranian oil platforms in
+retaliation for an Iranian attack last Friday on a Kuwaiti ship
+flying the American flag.
+    The measure said the attack was a firm indication of U.S.
+resolve that Iran "cannot take military action against the
+United States with impunity."
+    Earlier, the Senate cut off Republican stalling tactics and
+set a vote on a measure that could give Congress a larger role
+in making Gulf policy. The measure, however, does not require
+Reagan to comply with the 1973 War Powers Act, which could lead
+to a pullout of U.S. forces from the Gulf.
+    While Democrats and Republicans praised the U.S.
+retaliatory strike, many voiced new fears about the growing
+U.S. involvement in the Gulf and some demanded that Reagan
+comply with the War Powers Act.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21424" NEWID="20829">
+<DATE>20-OCT-1987 18:51:35.03</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f3570&#31;reute
+r f BC-CANADA-SEEKS-5-YEAR-F   10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA SEEKS FIVE YEAR FARM REFORM PLAN</TITLE>
+<DATELINE>    OTTAWA, Oct 20 - </DATELINE><BODY>Canada will propose at the new round of
+international trade talks that most trade-distorting farm
+subsidies be phased out over a five year period, Trade Minister
+Pat Carney said.
+    "Agricultural subsidies and trade barriers have created a
+vicious circle which continues to cause problems of
+overproduction and low commodity prices," Carney told the House
+of Commons.
+    Carney was outlining the government's new position on the
+farm trade problem that was tabled on Tuesday in Geneva in the
+multilateral talks under the GATT (General Agreement on Tariffs
+and Trade).
+    While few details were released, Carney said the government
+would also be pressing for an improvement in market access and
+new measures to ensure countries do not erect artificial
+barriers.
+    "Under the Canadian proposal, all countries would have to
+ensure that domestic policies and programs to address the
+specific needs of their farm sectors do not distort trade," a
+government background paper said.
+    "Furthermore, in assessing the trade impact of programs,
+credit could be given to countries which effectively control
+the output of farm products," the papers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21425" NEWID="20830">
+<DATE>20-OCT-1987 18:59:12.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F 
+&#22;&#22;&#1;f3581&#31;reute
+d f BC-S/P-REVIEWS-UA-COMMUN   10-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S/P REVIEWS UA COMMUNICATIONS &lt;UACI> FOR CUT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Standard and Poor's Corp said it is
+reviewing for downgrade United Artists Communications Inc's
+single-B rating on 490 mln dlrs of outstanding and
+shelf-registered subordinated debt.
+    Placed under review with positive implications were United
+Cable Television Corp's B-minus rating on 250 mln dlrs of
+outstanding subordinated debt and preliminary B-plus senior and
+B-minus subordinated ratings on 200 mln dlrs of
+shelf-registered debt.
+    S and P said the reviews reflect its perception of the
+implications of a proposed merger involving the two firms.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21426" NEWID="20831">
+<DATE>20-OCT-1987 18:59:44.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F 
+&#22;&#22;&#1;f3582&#31;reute
+d f BC-BALLY-&lt;BLY>-UNIT-MAY   10-20 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLY &lt;BLY> UNIT MAY BE DOWNGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>Standard and Poor's Corp said it may
+downgrade the 100 mln dlrs of B-plus 13-5/8 pct senior
+subordinated debentures due 1997 of Bally Health and Tennis
+Corp, a unit of Bally Manufacturing Corp.
+    S and P cited the parent's proposals to sell Bally Health
+for more than 500 mln dlrs to an investor group. It noted the
+transaction includes the assumption of Bally Health's debt.
+    Although the investor group's plans are not known, the
+acquisition will probably be debt financed and markedly
+increase Bally Health's financial risk. S and P said the sale
+of the unit would increase the parent's financial position.
+    In a related action, Standard and Poor's affirmed the debt
+ratings of Bally Manufacturing and related entities. Affirmed
+were BB first mortgage bonds, BB-minus second mortgage bonds
+and B-plus subordinated debt.
+    S and P said pro-form debt leverage for Bally
+Manufacturing, adjusted to capitalize operating leases, drops
+to a still high 68 pct from an aggressive 75.5 pct at June 30.
+Adjusted for asset sales, the parent company's return on
+capital, 11.6 pct in 1986, should remain subpar, S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21427" NEWID="20832">
+<DATE>20-OCT-1987 19:10:31.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3595&#31;reute
+r f BC-MGM/UA-&lt;MGM>-SETS-PAC   10-20 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MGM/UA &lt;MGM> SETS PACT WITH JAPANESE GROUP</TITLE>
+<DATELINE>    BEVERLY HILLS, Calif, Oct 20 - </DATELINE><BODY>MGM/UA Communications Co
+said it signed an agreement with CST Communications Co for the
+purpose of financing American motion picture projects.
+    CST is an American corporation formed by C. Itoh and Co Ltd
+&lt;CITT.T>, Suntory Ltd and Tokyo Broadcasting Systems Inc
+&lt;TBRS.T>.
+    The company did not detail the agreement.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21428" NEWID="20833">
+<DATE>20-OCT-1987 19:11:56.50</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3597&#31;reute
+u f BC-SMITHKLINE-BECKMAN-CO   10-20 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITHKLINE BECKMAN CORP &lt;SKB> 3RD QTR NET</TITLE>
+<DATELINE>    PHILADELPHIA, Oct 20 -
+    </DATELINE><BODY>Shr 1.18 dlrs vs 87 cts
+    Net 149.6 mln vs 134.0 mln
+    Revs 1.10 billion vs 956.4 mln
+    Nine mths
+    Shr 3.36 dlrs vs 2.42 dlrs
+    Net 428.1 mln vs 373.7 mln
+    Revs 3.13 billion vs 2.70 billion
+    Avg shrs 127.3 mln vs 154.5 mln
+    NOTE: 1986 results include 25 mln dlr reduction of
+operating income for the relaunch of Contac.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21429" NEWID="20834">
+<DATE>20-OCT-1987 19:13:15.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3599&#31;reute
+a f BC-FIRST-COMMERCIAL-&lt;FCO   10-20 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST COMMERCIAL &lt;FCOB.O> TO ACQUIRE CITIZENS BANK</TITLE>
+<DATELINE>    SACRAMENTO, Oct 20 - </DATELINE><BODY>First Commercial Bancorp said it will
+acquire the three-branch Citizens Bank of Roseville in a stock
+swap.
+    The value of the agreement will be based on Citizens'
+adjusted book value at year end and the trading price of First
+Commercial's stock.
+    Citizens' book value was about 1.9 mln dlrs at the end of
+the third quarter, according to the bank's counsel, Guy Gibson.
+Under the agreement, Citizens shareholders could also trade
+their stock for a five-year debenture issued by First
+Commercial. Terms of the debenture have not been established.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21430" NEWID="20835">
+<DATE>20-OCT-1987 19:15:14.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3602&#31;reute
+r f BC-UNITED-ARTISTS-&lt;UACI.   10-20 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED ARTISTS &lt;UACI.O> SUSPENDS MERGER TALKS</TITLE>
+<DATELINE>    DENVER, Oct 20 - </DATELINE><BODY>United Artists Communications Inc and
+&lt;United Cable Television Corp> said they have indefinitely
+suspended negotiations on a proposed merger of their companies
+previously announced.
+    The companies cited a combination of extraordinary market
+conditions and unresolved terms of the merger as contributing
+to the action.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21431" NEWID="20836">
+<DATE>20-OCT-1987 19:15:23.79</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3603&#31;reute
+r f BC-THE-DEXTER-CORP-&lt;DEX>   10-20 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE DEXTER CORP &lt;DEX> 3RD QTR NET</TITLE>
+<DATELINE>    WINDSOR LOCKS, Conn., Oct 20 -
+    </DATELINE><BODY>Shr 41 cts vs 33 cts
+    Net 10.2 mln vs 8,309,000
+    Revs 193.3 mln vs 157.7 mln
+    Nine months
+    Shr 1.29 dlrs vs 1.02 dlrs
+    Net 32.1 mln vs 25.4 mln
+    Revs 582 mln vs 486.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21432" NEWID="20837">
+<DATE>20-OCT-1987 19:15:46.07</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3605&#31;reute
+r f BC-WASHINGTON-MUTUAL-SAV   10-20 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON MUTUAL SAVINGS BANK &lt;WAMU.O> 3RD QTR NET</TITLE>
+<DATELINE>    SEATTLE, Wash., Oct 20 -
+    </DATELINE><BODY>Shr 56 cts vs 68 cts
+    Net 8,327,000 vs 9,738,000
+    Nine mths
+    Shr 2.19 dlrs vs 1.67 dlr
+    Net 32.8 mln vs 24.8 mln
+    Avg shrs 15.0 mln vs 14.9 mln
+    Assets 5.58 billion vs 4.34 billion
+    Deposits 3.60 billion vs 3.27 billion
+    Loans 2.96 billion vs 2.90 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21433" NEWID="20838">
+<DATE>20-OCT-1987 19:15:59.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3606&#31;reute
+r f BC-TRINITY-INDUSTRIES-IN   10-20 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRINITY INDUSTRIES INC &lt;TRN> 2ND QTR NET</TITLE>
+<DATELINE>    DALLAS, Oct 20 - </DATELINE><BODY>Sept 30 end
+    Shr six cts vs 17 cts
+    Net 1,064,000 vs 2,676,000
+    Revs 144.6 mln vs 129.4 mln
+    Avg shrs 17,121,000 vs 16,065,000
+    Six months
+    Shr 13 cts vs 25 cts
+    Net 2,167,000 vs 4,029,000
+    Revs 248 mln vs 249.2 mln
+    Avg shrs 17,121,000 vs 16,065,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21434" NEWID="20839">
+<DATE>20-OCT-1987 19:16:38.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3607&#31;reute
+d f BC-NEW-BSD-&lt;BSDM.O>-CHAI   10-20 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW BSD &lt;BSDM.O> CHAIRMAN NAMED</TITLE>
+<DATELINE>    SALT LAKE CITY, Utah, Oct 29 - </DATELINE><BODY>BSD Medical Corp said Alan L
+Himber has been appointed chairman of the board, replacing John
+E. Langdon, who resigned.
+    BSD said Langdon's close businees associates, Philip D.
+Dixon III and Robert E. McCarroll, all resigned as directors.
+New board members will be appointed in the near future.
+    Himber became the majority stockholder of the company in
+June.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21435" NEWID="20840">
+<DATE>20-OCT-1987 19:17:19.35</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3608&#31;reute
+d f BC-SOUTHMARK-&lt;SM>-TO-PUR   10-20 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHMARK &lt;SM> TO PURCHASE &lt;NATIONAL SELF></TITLE>
+<DATELINE>    WEST PALM BEACH, Fla., Oct 20 - </DATELINE><BODY>National Self Storage said
+has sold nine storage facilities to Southmark Corp for 37.1 mln
+dlrs.
+    National Self, a developer of storage space for business
+records, said the purchase includes nine storage facilties.
+National Self also said it and Southmark plan a two-year 100
+facility expansion program in South Florida and across the
+country.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21436" NEWID="20841">
+<DATE>20-OCT-1987 19:22:44.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3612&#31;reute
+r f BC-GRACE-&lt;GRA>-PLANS-TO   10-20 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRACE &lt;GRA> PLANS TO APPEAL 100 MLN DLR JUDGMENT</TITLE>
+<DATELINE>    NEW YORK, Oct 20 - </DATELINE><BODY>W.R. Grace and Co said a federal
+district court jury in Chicago has ordered it to pay 100 mln
+dlrs in damages, based on a judgment involving a loan agreement
+with Continental Illinois National Bank &lt;CIL>.
+    The company said the damages consist of 25 mln dlrs in
+compensatory damages and 75 mln dlrs in punitive damages.
+    It said it will appeal the ruling. The company said the
+litigation "involved an interpretation of a complex financing
+arrangement entered into with Continental Illinois National
+Bank &lt;CIL> which transferred the loan to the Federal Deposit
+Insurance Corp upon restructuring of the bank."
+    The company said it believes the appeal will be successful.
+    Separately, it said it has resumed the periodic purchases
+of up to 2.3 mln shares of Grace common stock in unsolicited
+open market and privately negotiated transactions.
+    The company has about 42.2 mln common shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21437" NEWID="20842">
+<DATE>20-OCT-1987 19:31:43.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3619&#31;reute
+r f BC-HEALTH-CARE-PROPERTY   10-20 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HEALTH CARE PROPERTY &lt;HCP> INCREASES QTLY DIVIDEND</TITLE>
+<DATELINE>    COSTA MESA, Calif., Oct 20 -
+    </DATELINE><BODY>Qtly div 63 cts vs 62 cts
+    Pay Nov 20
+    Record Nov 3
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21438" NEWID="20843">
+<DATE>20-OCT-1987 19:36:27.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>mexico</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3625&#31;reute
+r f BC-MEXICO-PUTS-FOREIGN-I   10-20 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEXICO PUTS FOREIGN INVESTMENT AT 17.8 BILLION DLRS</TITLE>
+<DATELINE>    MEXICO CITY, Oct 20 - </DATELINE><BODY>Foreign investment in Mexico stood at
+end August at 17.8 billion dlrs, following an increase of 900
+mln dlrs in the first eight months, the Trade and Industrial
+Development Ministry said.
+    It said authorized investments rose 30 pct last year,
+equivalent to 2.45 billion dlrs, and expected a similar
+increase for 1987 as a whole.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21439" NEWID="20844">
+<DATE>20-OCT-1987 20:06:01.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3641&#31;reute
+r f BC-SWISS-MORTGAGE-INSTIT   10-20 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS MORTGAGE INSTITUTE ISSUES 160 MLN SFR BOND</TITLE>
+<DATELINE>    ZURICH, Oct 20 - </DATELINE><BODY>The Swiss Mortgage Institute
+(Schweizerischer Hypothekarinstitute) is issuing a 160 mln
+Swiss franc five pct 12-year bond priced at 100.5 pct, lead
+manager Credit Suisse said.
+    Subscriptions run until Oct. 29.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21440" NEWID="20845">
+<DATE>20-OCT-1987 20:06:39.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>chile</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3642&#31;reute
+u f PM-CHILE   10-20 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHILE MILITARY MOVES TO SHACKLE MARXIST LEFT</TITLE>
+<DATELINE>    SANTIAGO, Oct 20 - </DATELINE><BODY>Chile's military rulers imposed a range
+of punishments, ranging from fines to loss of political and
+civil rights, for those convicted of belonging to banned
+Marxist parties.
+     Any newspaper or magazine publishing their views risked
+temporary suspension.
+   The crackdown came in an ammendment to the Constitution
+approved by the Military Junta, the country's legislature, on
+which the four branches of the Armed Forces are represented.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21441" NEWID="20846">
+<DATE>20-OCT-1987 20:13:10.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3649&#31;reute
+f f BC-Tokyo-stock-index-ris   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>Tokyo stock index rises 63.48 points to 21,973.56 in first nine minutes
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21442" NEWID="20847">
+<DATE>20-OCT-1987 20:15:27.88</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3651&#31;reute
+f f BC-Tokyo-stock-index-ris   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>Tokyo stock index rises 63.48 points to 21,973.56 in first nine minutes
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21443" NEWID="20848">
+<DATE>20-OCT-1987 20:33:10.92</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3662&#31;reute
+f f BC-Australian-share-inde   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>Australian share index up 79.0 points at 1628.5 in first 30 minutes
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21444" NEWID="20849">
+<DATE>20-OCT-1987 20:35:57.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3664&#31;reute
+f f BC-Tokyo-stock-index-ris   10-20 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>Tokyo stock index rises 353.09 points to 22,263.17 after 30 minutes
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21445" NEWID="20850">
+<DATE>20-OCT-1987 21:10:49.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f3683&#31;reute
+f f BC-Tokyo-stock-index-soa   10-20 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>Tokyo stock index soars 828.37 to 22,738.45 after 64 minutes
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21446" NEWID="20851">
+<DATE>20-OCT-1987 21:45:31.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f3699&#31;reute
+f f BC-Tokyo-stock-index-up   10-20 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>Tokyo stock index up 1,214.68 at 23,124.76 after 98 minutes
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21447" NEWID="20852">
+<DATE>20-OCT-1987 22:20:34.10</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3721&#31;reute
+f f BC-Tokyo-stock-index-soa   10-20 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+***<TITLE>Tokyo stock index soars 1,376.86 points to end morning trade at 23,286.94
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21448" NEWID="20853">
+<DATE>20-OCT-1987 22:23:34.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3722&#31;reute
+b f BC-BANK-OF-JAPAN-BUYS-50   10-20 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN BUYS 50 BILLION YEN OF BONDS</TITLE>
+<DATELINE>    TOKYO, Oct 21 - </DATELINE><BODY>The Bank of Japan bought around 50 billion
+yen of 10-year government bonds in an operation seen aimed at
+allaying fears of a collapse in the market, bond traders said.
+    The central bank bought the 6.8 pct 73rd, 6.5 pct 80th, and
+5.1 pct 89th issues.
+    Yield on the key 89th bond due 1996 subsequently fell to
+5.560 pct in early trading from 5.920 pct at the close on
+Tuesday, after opening at 5.600 pct.
+    The market had generally welcomed the operation and trading
+volume had been gradually increasing. There was some retail
+bargain-hunting for less active issues, traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21449" NEWID="20854">
+<DATE>20-OCT-1987 22:38:24.51</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3731&#31;reute
+b f BC-BANK-OF-JAPAN-BUYS-20   10-20 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN BUYS 200 BILLION YEN OF BILLS</TITLE>
+<DATELINE>    TOKYO, Oct 21 - </DATELINE><BODY>The Bank of Japan reassured a nervous money
+market after the sharp fall in Tokyo stock prices yesterday by
+conducting a 200 billion yen commercial bill purchase
+operation, money traders said.
+    The central bank injected funds through three-month
+repurchase agreements which mature on January 11 and bear
+interest of 3.9375 pct, identical to this morning's rates on
+three-month commercial bills.
+    The operation was done partly to roll over 300 billion yen
+in commercial bills maturing this morning. Money market sources
+project a 260 billion yen surplus today.
+    In the bond market, the Bank of Japan offered to buy around
+50 billion yen of 10-year government bonds, encouraging an
+already firm tone in bond prices, dealers said.
+    The Bank of Japan was trying to reassure market
+participants that it was ready to supply funds whenever the
+market needed them, especially after Tuesday's plunge in Tokyo
+stock prices, securities house traders said.
+    The widely held market belief that interest rates were
+heading higher was a major cause of the recent tumble in bond
+market prices and one reason behind the stock market plunge,
+they said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="21450" NEWID="20855">
+<DATE>20-OCT-1987 22:53:18.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3744&#31;reute
+u f BC-POLL-SHOWS-AMERICANS   10-20 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLL SHOWS AMERICANS HOLD ON TO STOCKS AFTER DROP</TITLE>
+<DATELINE>    WASHINGTON, Oct 20 - </DATELINE><BODY>The "Black Monday" stock market crash
+failed to destroy Americans' faith in the economic soundness of
+the country, according to a poll released on Tuesday.
+    The ABC-Washington Post poll, taken after the close of
+stock trading on Monday, showed 58 pct did not believe the
+unprecedented slide in stock prices foretold an economic
+downturn, and 70 pct rejected the notion the country faced a
+1930s-style Depression.
+    Fifty-three pct of those interviewed said they had owned
+stocks at some point, and only one pct said they had sold any
+as a result of Monday's decline.
+    Of the 40 pct who currently held stocks, only two pct said
+they planned to sell some and four pct said they planned to
+buy.
+    The poll of 507 men and women was taken by telephone on
+Monday night, after the Dow Jones Industrial Average plunged
+more than 500 points, or 22 pct, in record volume.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20581" NEWID="20856">
+<DATE>19-OCT-1987 20:57:33.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3538&#31;reute
+f f BC-Tokyo's-stock-index-p   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo's stock index plummets 615.31 points to 25,131.25 after 51 minutes
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20580" NEWID="20857">
+<DATE>19-OCT-1987 20:56:45.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3537&#31;reute
+f f BC-Miyazawa-says-oversea   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Miyazawa says overseas stock plunges not likely to cause Tokyo market freefall
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20579" NEWID="20858">
+<DATE>19-OCT-1987 20:52:18.14</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>miyazawa</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3533&#31;reute
+f f BC-Miyazawa-says-G-7-sti   10-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Miyazawa says G-7 still strongly supports Louvre Accord
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20578" NEWID="20859">
+<DATE>19-OCT-1987 20:30:39.56</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3519&#31;reute
+f f BC-Tokyo-stock-index-fal   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo stock index falls 201.12 to 25,545.44 after open, most stocks untraded
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20577" NEWID="20860">
+<DATE>19-OCT-1987 20:19:58.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f3505&#31;reute
+r f AM-STOCKS-CAMPAIGN-(NEWS -ANALYSIS)  10-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOCK MARKET'S FALL MAY BE BAD OMEN FOR REPUBLICANS</TITLE>
+<AUTHOR>    By MICHAEL GELB</AUTHOR>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Monday's stock market collapse could
+spell disaster for Republican hopes of retaining the White
+House in 1988 -- if it proves to be the start of a general
+economic downturn -- political experts said.
+    "The question is does the stock market (decline) signal an
+impending recession. If that is the case the Republicans will
+have a very difficult time winning," independent political
+analyst William Schneider told Reuters. "If the Democrats
+nominate anyone halfway credible they would win," he added.
+    Schneider's comments, on the heels of a 500-point decline
+in the bellwheter Dow Jones stock market average, reflected the
+old political adage that elections are almost always decided by
+voters' feelings about their financial well being.
+    "There is no doubt people always vote their pocketbook and
+we don't expect 1988 to be any different," says Donald Foley,
+the top spokesman for Missouri Representative Richard
+Gephardt's Democratic presidential campaign.
+    Foley added that the five-year old stock market rally has
+shown amazing resilience and "there's no telling where the
+market will be by the end of the week."
+    President Reagan said he was puzzled by the day's events,
+but is convinced the economy is fundamentally sound.
+    "I think everyone is puzzled ... because all the business
+indices are up. There is nothing wrong with the economy," he
+told reporters.
+    "I don't think anyone should panic because all the economic
+indicators are solid," he added.
+    But for the time being, the decline on Wall Street knocked
+the underpinnings from his boasts that the record bull market
+demonstrates the wisdom of current economic policy.
+    It could also deprive the Republicans of a major argument
+for keeping the White House in their hands when President
+Reagan leaves office in January 1989.
+    It gives a hollow ring to the words used by Vice President
+George Bush just a week ago when he formally entered the White
+House race.
+    "We have weathered the storm. Our economy has recovered to
+be the strongest in history," Bush said in reference to the
+recovery from the 1981-82 recession that pushed unemployment to
+its highest level since the Great Depression of the 1930s.
+    "We mark next week the longest peacetime economic expansion
+in our nation's recorded history," Bush bragged.
+    At midday, even as Wall Street was being battered by a
+record selling panic, Reagan gave a glowing account of the
+economy's performance at a swearing in ceremony for his new
+Commerce Secretary, William Verity.
+    Indeed, the Labor Department reported earlier this month
+that unemployment among American workers had fallen to an
+eight-year low of 5.9 pct in September, compared to seven pct a
+year ago and a Post World War Two peak of 10.7 pct in December
+1982.
+    But with interest rates climbing steadily and no
+improvement in the record U.S. trade deficit with the rest of
+the world, a number of economic experts have expressed doubts
+about the staying power of the current expansion.
+   Warnings of economic danger around the corner have been a
+staple of Democratic campaign speeches this year.
+    And Democratic party leaders here for an organizational
+meeting two weeks ago predicted at that time that the economy
+would be the determining factor in next year's election.
+    "The 1988 election will be decided, as most peacetime
+elections are, on economic issues," said Michigan party chairman
+Richard Weiner.
+    "In Ohio, people are uneasy. They want to know where the
+economy is going," added Ohio Democratic leader James Ruvulo.
+    American political history is replete with examples of
+voters throwing out incumbent officeholders when the economy
+turns sour -- most notably in 1932 when Democrat Franklin
+Roosevelt won a landslide triumph that ended 12 years of
+Republican rule and made the Democrats the nation's majority
+party for more than 40 years.
+    But political experts said that if Monday's stock decline
+turns out to be a temporary phenomena it will have no effect on
+the 1988 election.
+    "Times change, conditions change," Schneider said.
+    Quoting legendary baseball manager Casey Stengel, Schneider
+added, "Never make predictions, especially about the future."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20576" NEWID="20861">
+<DATE>19-OCT-1987 20:19:06.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3504&#31;reute
+b f BC-TOKYO-BROKERS-SEE-SHA   10-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO BROKERS SEE SHARP EARLY STOCK PRICE FALL</TITLE>
+<AUTHOR>    By James Kynge</AUTHOR>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Stock market analysts polled before Tokyo's
+market opened on Tuesday said Wall Street's dramatic fall on
+Monday was overdone and although Tokyo would fall drastically
+at the opening it might stabilise later.
+    Factors affecting the Tokyo market are not the same as
+those in New York, they said.
+    "Tokyo's market is completely different from New York," said
+a senior analyst at Nomura Securities. "We have no computer
+(program) selling, and much more stable share ownership than in
+New York."
+    "The discount rate in Japan cannot rise," the senior Nomura
+analyst said.
+    He said the Tokyo Exchange's 225-share index may fall 1,000
+points on Tuesday, because of basic concern. It dropped 620.18
+points to 25,746.56 on Monday.
+    But he said a 1,000 point fall would be nothing compared to
+New York. "New York overreacted, the dollar is rising -- that
+should be a positive sign for New York," he said.
+    The Tokyo Stock Exchange opens from 0900 local time (0000
+GMT) to 1500 local (0600 GMT).
+    The Dow Jones Industrial Average fell 508 points (or 22.5
+pct) to 1,738 on Monday, its biggest ever one day decline in
+both absolute and percentage terms.
+    Simon Smithson, a Kleinwort Benson International share
+analyst, said Tokyo's market was likely to free fall in morning
+trading but perhaps would stabilise later. He too predicted a
+drop of perhaps 1,000 points in the index today.
+    But he said overall economic conditions in the U.S. And
+Japan were different. "The problems that pushed down the New
+York market, like the (U.S.) budget deficit, trade deficit and
+slow economic growth, do not exist in Japan," Smithson said.
+    However, a stocks fund manager at a major trust bank made a
+more gloomy prediction. "The situation is different in the two
+markets, but you cannot ignore New York," he said.
+    "Foreigners will be selling and the index funds will be
+selling," he said.
+    A fund manager at another Japanese trust bank said Monday's
+New York fall was completely out of the range of expectations.
+    "All we can do is wait now and see what happens. There seem
+to be no factors which would stop the fall. There is no way we
+can invest now," he said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20575" NEWID="20862">
+<DATE>19-OCT-1987 20:12:08.60</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f3497&#31;reute
+f f BC-Dollar-opens-sharply   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Dollar opens sharply higher in Tokyo at 143.55 yen (Monday close 141.35)
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20574" NEWID="20863">
+<DATE>19-OCT-1987 20:11:51.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D><D>uk</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A 
+&#22;&#22;&#1;f3495&#31;reute
+u f BC-CHASE'S-LABRECQUE-SAY   10-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHASE'S LABRECQUE SAYS STOCK DROP UNWARRANTED</TITLE>
+<DATELINE>    DALLAS, Texas, Oct 19 - </DATELINE><BODY>Chase Manhattan Corp (CMB)
+president Thomas Labrecque said the sharp decline in the stock
+market was not justified by economic conditions and there was a
+need for perspective by investors on fundamental economic
+conditions.
+    "If we are right about the fundamentals, this thing should
+settle down," Labrecque said at a news conference at the
+American Bankers Associatioon annual convention here.
+    Labrecque also said the stock market drop could cause U.S.
+monetary officials to ease credit policies.
+    Inflation fears are exaggerated and Chase still believes
+inflation will not rise much beyond five percent this year,
+Labrecque said.
+   He said strong economic conditions would permit growth to
+continue well into 1988.
+    "I don't think the stock market will cause a recession,"
+Labrecque said.
+    He said he could not estimate what the impact on Chase from
+the stock market fall would be. Chase's stock price, however,
+dropped 23 pct, but other money center banks suffered even
+sharper losses.
+    Referring to the banking industry, he said: "We're talking
+about one day."
+    "These are strong institutions," he said. Labrecque said he
+did not think the Federal Reserve Board would tighten monetary
+policy in view of the stock market's behavior.
+    "If there is a bias I expect it would be a little bit the
+other way," he said. Labrecque said the high U.S. budget deficit
+was not the single most important factor behind the market's
+worries.
+    He called for closer cooperation in economic policy by the
+United States, West Germany, Japan and Britain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20573" NEWID="20864">
+<DATE>19-OCT-1987 20:09:36.23</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f3487&#31;reute
+u f BC-BRITAIN-TAKES-STRONG   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN TAKES STRONG LINE ON EC FARM BUDGET PLAN</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 19 - </DATELINE><BODY>British foreign secretary Sir Geoffrey
+Howe told his EC colleagues on Monday that Britain wants
+agreement by December on a detailed plan to curb EC farm
+spending if it is to sanction an increase in EC budgetary
+resources.
+    British diplomatic sources quoted Howe as saying that an
+accord containing detailed figures and involving immediate
+penalties for farmers in the case of overproduction must be
+reached in advance of an EC heads of government summit meeting
+in December.
+    "We require numbers as well as words in all the commodity
+regimes," Howe was quoted as saying.
+    The EC Commission proposed last month a plan for "budgetary
+stabilisers" under which there would be reductions in guaranteed
+prices, restrictions of sales into intervention or increases in
+coresponsibility levies if output of individual commodities
+exceeded certain levels.
+    Britain has so far given the clearest backing to the idea,
+although several other EC states back it in outline.
+    Diplomats say Britain can exercise some leverage on the
+issue because the EC is in a severe budgetary crisis from which
+it can only emerge if all 12 member states agree to revise the
+system by which it is financed.
+    The sources quoted Howe as saying: "An interim or partial
+solution covering some elements of the Commission package would
+be unacceptable to the United Kingdom."
+    They said he insisted that any penalties imposed on farmers
+for exceeding production limits must take effect in the same
+marketing year as the overproduction, rather than resulting in
+a price adjustment the following year.
+    Howe also said there should be no question of a special
+fund which could top up EC farm coffers in the event of an
+unexpected development such as a major fall in the value of the
+dollar.
+    The Commission has suggested such a fund to deal with
+emergency situations.
+    French EC affairs minister Bernard Bosson told journalists
+that his country could not accept the idea that there should be
+no emergency reserve.
+    "The British position has become tougher," he said.
+    Howe was speaking at a meeting of EC foreign ministers,
+which discussed the future of EC finances, and which took place
+simultaneously with a farm ministers' meeting to consider the
+Commission's farm spending proposals.
+    Before his meeting got under way, British agriculture
+minister John MacGregor said he backed the Commission proposal
+to set the 1988 cereals production ceiling at 155 mln tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20572" NEWID="20865">
+<DATE>19-OCT-1987 20:07:36.38</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>canada</D><D>israel</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS><D>gatt</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f3485&#31;reute
+u f AM-YEUTTER   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US SAYS CANADIAN, ISRAELI PACTS SHOULD SPUR TRADE</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Trade Representative Clayton Yeutter
+said on Monday that the U.S. free trade agreements with Canada
+and Israel should help to pave the way for liberalizing the
+global trading system.
+    He said the Canadian and Israeli pacts will not set back
+worldwide reform efforts under the General Agreement on Tariffs
+and Trade (GATT) as some critics feared but help them.
+    The GATT talks began a year ago in Punta del Este, Uruguay
+to liberalize the global trading system and to include in it
+trade in agriculture and services such as banking.
+    Yeutter made his remarks at a U.S.-Israeli trade meeting
+marking the second year of their bilateral accord. The
+Canadian-U.S. pact, signed by two sides two weeks ago, has yet
+been approved by the U.S. Congress and Canadian Parliament.
+    The two free trade agreements (FTA) would gradually remove
+tariffs and other barriers to cross-border trade in goods and
+many services.
+    Yeutter said in the aftermath of the Canadian and Israeli
+pacts "other countries have realized that if they want to
+continue to have access to the world's largest market, they had
+better get serious about improving the GATT."
+    The pact with Israel, he said, is gradually increasing
+shipments both ways and the Canadian pact will substantially
+increase the gross national products in both countries.
+    Yeutter also said the Canadian and Israeli pacts should
+serve as important precedents for progress in GATT.
+    Yeutter said, "increasing trade is one of the keys to
+enhanced political and economic stability around the globe."
+    He said, "a stronger GATT will enhance prosperity, not only
+for advanced industrial nations, but also for other countries
+that need to increase trade in order to better their standards
+of living."
+    Yeutter added it was important not to risk the progress
+made in the Israeli and Canadian trade pacts by resorting to
+protectionism.
+    He was referring to trade legislation pending in Congress
+that would force the United States to take retaliatory actions
+against nations with large trade surpluses with the United
+States if the countries practiced unfair trade.
+    The legislation was prompted by a growing U.S. trade
+deficit that hit 156 billion dlrs last year and is still
+rising.
+    Yeutter said the pressures for Congress to act were hard to
+resist, but the pending legislation would undermine President
+Reagan's efforts to liberalize the world trade.
+    Yeutter renewed the threat of a White House veto.
+    He said, "President Reagan will veto any bill that contains
+serious flaws, and I believe that veto would be sustained."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20571" NEWID="20866">
+<DATE>19-OCT-1987 19:48:09.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f3461&#31;reute
+r f BC-EC-STATES-ATTACK-PLAN   10-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC STATES ATTACK PLAN TO PENALISE FARMERS</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 19 - </DATELINE><BODY>EC agriculture ministers attacked
+plans to penalise farmers immediately it becomes clear that
+cereals output is above standard norms, EC sources said.
+    They said this was the major criticism raised at a meeting
+of ministers which discussed Commission proposals for curbing
+spending on the cereals regime.
+    The Commission wants powers to cut guaranteed prices or
+raise the coresponsibility levy if output next harvest rises
+above 155 mln tonnes.
+    The sources said several ministers complained that changing
+price levels in the middle of a season would severely damage
+the financial security of farmers.
+    But an EC Commission spokesman said farm commissioner Frans
+Andriessen told them producers could not be guaranteed security
+regardless of market circumstances.
+    The sources said there was a general acceptance of the need
+for some output ceilings. However, the French and Dutch
+ministers called for a maximum output for a wider range of
+cereal crops, rather than for cereals alone.
+    The sources added West Germany wanted production ceilings
+for individual countries with excess production being paid for
+from national exchequers, but received no support for this
+idea.
+    British farm minister John MacGregor told reporters he
+detected more support for his position against the penalties on
+farmers being administered through higher coresponsibility
+levies.
+    He said he believes increasing the levies would do nothing
+to increase EC cereals consumption whereas lower prices for
+farmers could help in this direction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20570" NEWID="20867">
+<DATE>19-OCT-1987 19:47:36.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A 
+&#22;&#22;&#1;f3460&#31;reute
+u f BC--U.S.-STOCK-DECLINE-R   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. STOCK DECLINE RENEWS DEBATE ABOUT FUTURES</TITLE>
+<AUTHOR>    BY CAL MANKOWSKI</AUTHOR>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Wall Street's biggest one-day drop since
+1914 has revived a bitter debate about whether modern
+investment techniques turn shifts in investor psychology into
+colossal moves in share prices.
+    "The market has gotten away from the players," said Dudley
+Eppel, vice president-equity trading at Donaldson Lufkin and
+Jenrette Securities Corp. He says stock index futures and
+options have distorted the investment process.
+    But Wall Street professionals who work with index futures
+and options insist the blame is misplaced.
+    Fischer Black, head of the trading and arbitrage division
+at Goldman, Sachs and Co, says so-called program trading
+strategies involving opposite positions in futures on stock
+indices and the underlying stocks deserve almost no blame for
+today's decline. "People have changed their minds about the
+future of the economy," he said. Another strategy, known as
+portfolio insurance, may have exagerated the decline to a small
+degree, said Black.
+    Eli Wachtel of Bear, Stearns and Co was emphatic. "I do not
+believe the drop was precipitated by portfolio insurance or
+expanded by program trading."
+    "The only thing that will stop it in the end is the value
+investor who comes in and says 'IBM still sells computers', and
+buys for traditional reasons" said Jeffrey Miller of Miller
+Tabak Hirsch and Co.
+    IBM &lt;IBM> fell 31 to 104 as the Dow Jones Industrial
+Average dropped more than 500 points.
+    Several years ago Miller's firm was one of the first to
+pursue program trading strategies, seeking to lock in an
+automatic profit by taking advantage of discrepancies in the
+prices of the futures and the underlying stocks. But he said
+his firm has not been involved in that since late last year.
+    Miller said some investors who were burned in the recent
+market declines may have miscalculated the effects of portfolio
+insurance. He estimated 70 to 80 billion dlrs in invested funds
+prior to the decline were hedged with futures.
+    The way portfolio insurance is used, Miller said, investors
+at the time they protect their portfolios commit themselves to
+a future course of action such as buying a put option. While
+negative news such as trade deficits and budget deficits build
+for months, the put options tend to be crowded into a narrow
+span of time, because they are executed as the market starts to
+fall.
+    Miller said at present people can only guess how much
+portfolio insurance is in use. He suggested some system of
+disclosure could put other investors on guard that the seeds
+were being planted that might add to a future decline.
+    But in any case Miller argued that index futures and
+options do not initiate market trends.
+    People like Eppel of Donaldson, Lufkin and Jenrette were
+steadfast in their criticism. "If I had my way there wouldn't
+be any index futures," he said. "They propelled the market up
+when nothing was going on and now we're paying the price."
+    Another irate trader, referring to IBM's 31 point drop,
+complained "what announcement did IBM make over the weekend
+that made its stock drop 31 points?" IBM was as high as 175-7/8
+earlier this year.
+    Some economists agreed that the stock market could be
+sending signals about the economy.  Allen Sinai, chief
+economist for Shearson Lehman Brothers, told Reuters the 508
+point decline represented "a crisis of confidence.
+    "This is a a bona-fide financial crisis. The market is
+showing panic. I suspect there is a wholesale deserting of our
+markets by a lot of foreign investors."
+    Sinai said the crisis was caused by continuing U.S. budget
+and trade deficits and by rising interest rates. "This is not a
+signal of the start of a recession, but a strong indicator that
+one is coming if nothing is done in Washington to deal with the
+budget and trade deficits," Sinai said.
+    Some market participants said redemptions by investors who
+own mutual funds fueled the decline. But Steve Norwitz, a
+spokesman for T. Rowe Price Associates, a Baltimore-based
+investment management firm, said redemptions and switches into
+money market funds by Price's one mln accounts amounted to less
+than two pct of assets. "It's not a rout by any means."
+   
+    Norwitz said the company normally receives about 3,500
+telephone inquiries from its customers each day. On Friday, he
+said, when the Dow index fell 108 points the volme of calls
+rose to around 7,000 and today it exceeded that although he did
+not have a precise number.
+    Ike Kerridge, an economist with the oilfield service firm
+Baker Hughes Inc., was one of several analysts who said the
+evaporation of billions of dollars of paper profits could alter
+consumer behavior.
+    "This could be the trigger for a national recession which
+would be very unusual in an election year," Kerridge said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20569" NEWID="20868">
+<DATE>19-OCT-1987 19:40:57.88</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>poehl</D><D>james-baker</D><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A 
+&#22;&#22;&#1;f3455&#31;reute
+u f BC-BAKER/STOLTENBERG-MEE   10-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BAKER/STOLTENBERG MEETING SOOTHES MARKETS</TITLE>
+<AUTHOR>    By Jonathan Lynn and Anthony Williams</AUTHOR>
+<DATELINE>    FRANKFURT, Oct 19 - </DATELINE><BODY>News of a meeting between U.S. Treasury
+Secretary James Baker and West German Finance Minister Gerhard
+Stoltenberg on Monday soothed currency markets, allowing the
+dollar to recoup much of the day's losses, dealers said.
+    News of the meeting, which took place in Frankfurt in great
+secrecy, came after the dollar fell sharply on criticism by
+Baker of West German monetary policy, which had provoked fears
+that the Louvre pact on currency stability was in jeopardy.
+    The dollar reacted immediately to the news, rising over two
+pfennigs in after hours New York trading, dealers there said.
+    The announcement of the meeting, also attended by
+Bundesbank President Karl Otto Poehl, was made simultaneously
+in Bonn and Washington, timed for after the closure of New York
+markets.
+    Baker, Stoltenberg and Poehl agreed to pursue the policies
+accepted under the February Louvre accord, a finance ministry
+spokesman in Bonn said.
+    The dollar rose to 1.7970/90 marks from New York's close of
+1.7730/40. It had closed there on Friday at 1.7975/85 marks.
+    The dollar had tumbled nearly three pfennigs as the market
+reacted to Baker's criticism of rising West German interest
+rates, and stock markets crashed worldwide. Baker had said that
+West Germany was apparently breaching the Louvre accord.
+    Under the accord, leading industrial democracies pledged to
+coordinate economic policies to foster currency stability, with
+the surplus countries, West Germany and Japan, stimulating
+their economies and the U.S. promising to cut its budget
+deficit.
+    West German government sources said rising West German
+money market rates could not be seen as a breach of the Louvre
+pact. They were rather a direct reaction to higher interest
+rates in the United States. U.S. Bond yields have been rising
+since May on inflationary fears and in early September the Fed
+raised the discount rate to 6.00 pct from 5.50.
+    German yields have also risen over this period, but less
+markedly, and since late September the Bundesbank has nudged up
+short-term rates by changing the terms on its security
+repurchase pacts, its principal instrument for steering the
+money market.
+    The allocation rate on the last facility was 3.85 pct,
+compared with 3.60 pct. This was partly due to West Germany's
+inability to uncouple itself from U.S. interest rate trends,
+but also reflected concern among monetary conservatives in the
+Bundesbank central bank council about excessive monetary
+growth, which raised fears of domestically produced inflation,
+bank economists said.
+    This monetary tightening reflected a switch from the
+pragmatic line pursued by Bundesbank President Karl Otto Poehl
+since early this year to stabilise the mark externally, to the
+more cautious approach of Vice President Helmut Schlesinger.
+    In an apparent gesture to Baker, coinciding with his visit,
+the Bundesbank repeatedly added money market liquidity this
+morning. Dealers said this was clearly a move to appease U.S.
+anger over the most recent West German interest rate rises.
+    "They (the Bundesbank) just don't want to come too much
+under American fire," said Chris Zwermann, currency adviser at
+Swiss Bank Corp here.
+    "It seems to me that this is the Bundesbank beating quite a
+significant retreat from its position," added Giles Keating,
+economist at Credit Suisse First Boston Ltd in London.
+    The significance that retreat will emerge from the terms of
+the Bundesbank's next tender for a securities repurchase pact
+on Tuesday, and its result on Wednesday, money market
+economists said.
+    Today's injection of liquidity shows that the Bundesbank
+does not want a further strong rise in the tender allocation
+rate, which is likely to turn out at between 3.80 and 3.90 pct,
+little changed from the 3.85 pct on the last facility.
+    The Bundesbank and Finance Ministry had given no indication
+that the meeting would take place, although the Finance
+Ministry spokesman said it had been arranged last week.
+    Earlier on Monday the Finance Ministry spokesman, asked to
+comment on the apparent U.S.-German clash over the Louvre
+accord, went no further than quoting Stoltenberg as saying he
+assumed monetary cooperation would continue.
+    The spokesman said he believed Baker had already left West
+Germany for Sweden on Monday. This week he is also due to visit
+Denmark and Belgium.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20568" NEWID="20869">
+<DATE>19-OCT-1987 19:38:35.74</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f3449&#31;reute
+r f BC-EX-ARCO-CHIEF-SEES-EN   10-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EX-ARCO &lt;ARC> CHIEF SEES ENERGY CRISIS BY 1990</TITLE>
+<DATELINE>    HOUSTON, Oct 19 - </DATELINE><BODY>Dwindling global crude oil reserves and
+the lack of any major new discoveries in recent years will send
+the world into an energy crisis by 1990, the former Atlantic
+Richfield Co chairman Robert O. Anderson said.
+    "It's going to come sooner than anyone thinks," Anderson
+told reporters after addressing a Houston business lunch. "I
+believe we're going to see a change in the world oil markets in
+two to three years because oil is becoming harder to find."
+    Anderson, who retired from Arco last year to form Hondo Oil
+and Gas Co, said world oil consumption is approaching 60 mln
+barrels a day but a current excess capacity cushion of about
+4.5 mln barrels a day will rapidly disappear.
+    "If you looked around the world, you could not scrape up
+one mln barrels a day in shut-in production outside the Middle
+East," he said. "We're soon going to be right back where we
+were in 1973 and 1979."
+    Anderson predicted that world oil prices would end 1987 at
+about 24 dlrs a barrel and continue a gradual climb.
+    "There's no way prices can stay flat because there isn't
+enough supply," he said. "There have been no major oil
+discoveries for the past 15 to 20 years."
+    Alaska's Prudhoe Bay oil reserves, the last major world
+discovery, has already produced about five billion barrels of
+oil or more than half of its estimated reserves, he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20567" NEWID="20870">
+<DATE>19-OCT-1987 19:35:44.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM A 
+&#22;&#22;&#1;f3445&#31;reute
+r f AM-batra   10-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIST BATRA SEES NO REASON TO PANIC</TITLE>
+<DATELINE>    DALLAS, Oct 19 - </DATELINE><BODY>Economist Ravi Batra, whose book warning
+of a crash on Wall Street has been a best seller all summer,
+said Monday's record-breaking market drop was no reason to
+panic.
+    "I think (investors) should stay in the market. Don't
+panic. The time to panic is two years from now," Batra, a
+professor at Southern Methodist University, told Reuters by
+telephone from Pittsburgh, where he was to deliver a lecture at
+Rockwell International Corp.
+    Batra's book, "The Great Depression of 1990," predicts that
+the increasing concentration of U.S. wealth will lead to a
+depression.
+     He said Monday's 508-point drop was set off by last week's
+news of the trade deficit "and other things that added to the
+total jitters."
+     However, he called the fall a "mini-crash," due in part to
+a change in people's attitude to the market. "In the 1920s,
+people thought the market would never come down," he said, "But
+today, people think it will come down at some point, and
+therefore when it does, everyone wants to get out."
+     "It turns a mini-crash into a maxi-crash," he said, but
+added that he did not see it falling any further.
+     He said he expects the government to announce by the end
+of the week an agreement with Japan and West Germany to bring
+interest rates down.
+     "Once (interest rates) come down, the market will calm
+down," he said, adding the government had other options, such
+as acting on program trading, that it might be able to use to
+stabilize the market.
+     "But in two year's time, the government will run out of
+options," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20566" NEWID="20871">
+<DATE>19-OCT-1987 19:18:23.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f3432&#31;reute
+u f AM-BRAZIL-DEBT   10-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRAZIL WILL LIFT MORATORIUM ONLY AFTER BANK PACT</TITLE>
+<DATELINE>    BRASILIA, Oct 19 - </DATELINE><BODY>Brazil will only lift the partial
+moratorium on its 113-billion-dlr foreign debt after an accord
+is reached with the private banks, the Finance Ministry said in
+a statement.
+    The statement said such agreement, currently being
+negotiated, must place the debt "within the terms proposed by
+Brazil on September 25."
+    Brazil proposed to the private creditors a refinancing of
+the interest on its foreign debt that have expired or will
+expire up to 1989, totalling an overall 10.4 billion dlrs.
+    Brazil also proposed the end of spreads and conversion into
+bonds of part of the 70-billion dlrs owed to private banks.
+    Brazil in February stopped interest payments on about 68
+billion dlrs owed to private banks, and the Ministry statement
+issued on Monday said this would only be lifted "when an accord
+is reached."
+    The statement said that a token payment, which banks want
+from the Brazil as a condition to discuss an agreement, "will
+only be made when there is a major progress in the
+negotiations."
+    Meanwhile, a World Bank mission arrived on Monday to
+analyse the performance of the Brazilian economy after the new
+plan launched in July by Finance Minister Luiz Carlos Bresser
+Pereira.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20565" NEWID="20872">
+<DATE>19-OCT-1987 19:14:52.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f3429&#31;reute
+r f BC-FEMALE-FRUIT-FLY-MAY   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEMALE FRUIT FLY MAY LEAD TO CALIFORNIA SPRAYING</TITLE>
+<DATELINE>    WESTMINSTER, Calif., Oct 19 - </DATELINE><BODY>The discovery of a fertile
+female Mediterranean fruit fly in a backyard apple tree may
+lead to aerial spraying in Orange County, California State
+Department of Agriculture officials said.
+    California Department of Agriculture spokeswoman Gera Curry
+said more than 1,700 traps have been set in an 80-square mile
+area around the Westminster neighborhood following the
+discovery. The fly was found in a trap routinely checked by
+agriculture officials.
+    Curry said if aerial spraying is used, it would be one-time
+spray, unlike the nightly sprayings used in 1980.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20564" NEWID="20873">
+<DATE>19-OCT-1987 19:11:33.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A F 
+&#22;&#22;&#1;f3423&#31;reute
+r f BC-JAPAN-TO-KEEP-BUYING   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN TO KEEP BUYING U.S. REAL ESTATE ACTIVELY</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Active Japanese investment in U.S. real
+estate will continue despite a weak dollar because such
+investments are strong hedges against inflation, financiers and
+real estate industry experts said.
+    Addressing a conference on Japanese investment in U.S. real
+estate, Setsuya Tabuchi, chairman of Nomura Securities Co Ltd,
+said Japanese investors are extremely cautious about investing
+in Treasury securities because of currency losses suffered in
+the past during the dollar's sharp decline.
+    But, he added, "Real estate is a hedge against inflation,
+so such investment will not decline."
+    Japanese total investment in U.S. real estate last year is
+estimated at around six billion dlrs, exceeding the four
+billion dlrs ploughed into U.S. equities, Arther Mitchell of
+Coudert Brothers, a U.S. law firm, told the conference.
+    Adding in financing of real estate projects by Japanese
+banks and leasing companies, the total aamount of Japanese
+funds committed to U.S. real estate projects could reach 20
+billion dlrs in 1987, he said.
+   The dollar's fall has made U.S. property cheap, and exchange
+risks are low because many Japanese firms are making
+investments projected on a dollar/yen rate of 120-130, he said.
+    Panelists at the conference said Japanese are now looking
+at a wider variety of real estate investments, including
+development projects and suburban buildings.
+    Benjamin Lambert, chairman of Eastdil Realty Inc, said the
+sale of 50 pct of the company to Nomura last year was designed
+to expand its customer base to Japan through the securities
+house's close ties with Japanese investors.
+    Participation in mortgage loans is becoming popular among
+Japanese, panelists said. Mortgages can be made to disguise
+active purchases, and years later the loans can be converted
+into ownership of the property, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20563" NEWID="20874">
+<DATE>19-OCT-1987 18:55:23.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3396&#31;reute
+r f BC-Canadian-Marconi   10-19 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADIAN MARCONI &lt;CMW.TO> SIX MTHS SEPT 30 NET</TITLE>
+<DATELINE>    MONTREAL, Oct 19 -
+    </DATELINE><BODY>Shr 46 cts vs 50 cts
+    Net 10.9 mln vs 12.0 mln
+    Revs 105.2 mln vs 100.0 mln
+    Note: Canadian Marconi Co qtly figures unavailable.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20562" NEWID="20875">
+<DATE>19-OCT-1987 18:54:23.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3394&#31;reute
+d f BC-CHEYENNE-&lt;CHEY.O>-TO   10-19 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEYENNE &lt;CHEY.O> TO DISTRIBUTE RIGHTS</TITLE>
+<DATELINE>    ROSLYN, N.Y., Oct 19 - </DATELINE><BODY>Cheyenne Software Inc said it
+intends to distribute to its shareholders rights to buy common
+shares of its F.A. Computer Technologies Inc subsidiary on the
+basis of one sahre of F.A. stock for every two shares of
+Cheyenne stock owned.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20561" NEWID="20876">
+<DATE>19-OCT-1987 18:54:03.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3393&#31;reute
+d f BC-GABELLI-EQUITY-&lt;GAB>   10-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GABELLI EQUITY &lt;GAB> TO BUY BACK SHARES</TITLE>
+<DATELINE>    GREENWICH, Conn, Oct 19 - </DATELINE><BODY>Gabelli Equity Trust Inc said it
+intends to repurchase up to one mln shares of its common in the
+open market or in privately negotiated transactions as its
+shares are trading at a discount of more than 10 pct from net
+asset value.
+    There are currently 44.0 mln shares outstanding.
+    Gabelli's board had previously granted authority for the
+stock repurchase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20560" NEWID="20877">
+<DATE>19-OCT-1987 18:53:29.30</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3392&#31;reute
+d f BC-CITFED-&lt;CTYF.O>-TO-MA   10-19 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITFED &lt;CTYF.O> TO MAKE OPEN MARKET PURCHASES</TITLE>
+<DATELINE>    PALM BEACH, Fla, Oct 19 - </DATELINE><BODY>CityFed Financial Corp said it
+will from time to time make open market purchases of its common
+stock for an amount not to exceed one mln dlrs.
+    The shares will be held by the company as treasury stock.
+    CityFed also said that its City Federal Savings Bank unit
+will be acquiring additional shares for the units employee
+stock ownership trust. The additional purchase by the employee
+stock trust will be funded by a loan up to five mln dlrs.
+    At the current stock price of 5.50 dlr to 6.50 dlrs,
+CityFed and the trust will be able to purchase about 950,000
+additional shares, or about five pct of shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20559" NEWID="20878">
+<DATE>19-OCT-1987 18:44:47.19</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3384&#31;reute
+u f AM-OIL-ECUADOR   10-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA BACKS INCREASE IN ECUADOR OPEC QUOTA</TITLE>
+<DATELINE>    CARACAS, Oct 19 - </DATELINE><BODY>Venezuela will back Ecuador's bid to
+raise its OPEC quota above 221,000 barrels per day (bpd)
+because it is a justifiable demand, Venezuelan Energy Minister
+Arturo Hernandez Grisanti said on Monday.
+    He told reporters the country deserved a higher quota in
+compensation for the five months it was forced to suspend oil
+production when its main pipeline was destroyed by an
+earthquake last March.
+    "For this five-month period, Ecuador did not exercise its
+right to produce 221,000 bpd," he said. "We should recognize
+Ecuador's right to increase its quota ... There is a basis of
+justice in that country's petition."
+    He added however, the quota increase should be gradual to
+avoid harming the market, he added.
+    Hernandez Grisanti said he understood Ecuador would
+formally submit the request for a higher quota at the next
+ministerial conference of the Organization of Petroleum
+Exporting Countries (OPEC) opening December 9 in Vienna.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20558" NEWID="20879">
+<DATE>19-OCT-1987 18:42:42.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3383&#31;reute
+h f BC-CAPITOL-BANCORP-&lt;CAPB   10-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAPITOL BANCORP &lt;CAPB.O> 3RD QTR NET</TITLE>
+<DATELINE>    BOSTON, Oct 19 -
+    </DATELINE><BODY>Shr profit 1.07 dlrs vs loss 1.19 dlrs
+    Net profit 3,326,000 vs loss 3,446,000
+    Nine mths
+    Net profit 9,714,000 vs profit 3,665,000
+    NOTE: Latest and prior nine month per share amounts not
+given.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20557" NEWID="20880">
+<DATE>19-OCT-1987 18:41:52.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3382&#31;reute
+f f BC-NYSE-REPORTS-PR   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE REPORTS PRELIMINARY DOW CLOSING AT 1738.41, OFF 508.32, LARGEST IN HISTORY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20556" NEWID="20881">
+<DATE>19-OCT-1987 18:36:15.31</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A Y RM 
+&#22;&#22;&#1;f3376&#31;reute
+r f PM-GULF-COUNCIL-1stld   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S., AT U.N., CLAIMS SELF-DEFENSE FOR GULF ATTACK</TITLE>
+<DATELINE>    UNITED NATIONS, Oct 19 -</DATELINE><BODY>The United States invoked the right
+of self-defense in destroying an Iranian oil platform in the
+Gulf, the American delegation told the United Nations.
+    Lieutenant General Vernon Walters sent letters about the
+incident to Security Council President Maurizio Bucci, the
+delegate of Italy, and Secretary General Javier Perez de
+Cuellar.
+    U.N. press secretary Francois Giuliani said the Secretary
+General had no comment on the attack, which followed his appeal
+last Friday for restraint in the crisis while he pursued
+efforts to obtain a ceasefire between Iran and Iraq.
+    In his explanation, Walters said the United States took
+defensive action in response to an Iranian attack against
+American ships in the Gulf.
+    He cited an Iranian Silkworm missile strike last Friday in
+Kuwait waters against the United States-flag ship Sea Isle
+City.
+    Walters said that military forces on the destroyed Iranian
+platform had engaged in a variety of actions against United
+States-flag and other nonbelligerent vessels and planes.
+    "In accordance with Article 51 of the United Nations
+(Charter), I wish, on behalf of my government, to report that
+United States forces have exercised the inherent right of
+self-defense under internation law by taking defensive action
+in response to attacks by . . . Iran against United States
+vessels in the Gulf," Walters said.
+    Members of the Security Council met behind closed doors on
+Monday to discuss developments in the Gulf war, but no
+statement was issued afterwards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20555" NEWID="20882">
+<DATE>19-OCT-1987 18:31:27.45</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>france</D><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM Y 
+&#22;&#22;&#1;f3371&#31;reute
+r f AM-GULF-FRANCE   10-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANCE SAYS U.S. HAD RIGHT TO STRIKE</TITLE>
+<DATELINE>    PARIS, Oct 19 - </DATELINE><BODY>France voiced its comprehension for a U.S.
+Attack on an Iranian target while calling for a swift halt to
+the Gulf War to avoid further escalation.
+    "The French authorities reaffirm their attachment to the
+freedom and security of navigation and to the right of all
+states to take action under international law and the United
+Nations charter to halt attacks such as that of October 16," the
+Foreign Ministry spokesman said in a statement.
+    The United States said its forces destroyed an Iranian oil
+platform in the Gulf and struck at a second on Monday in
+retaliation for a recent Iranian missile attack on a
+U.S.-flagged Kuwaiti ship.
+    Washington said the platforms were used to monitor shipping
+and to launch small-boat attacks on shipping. The French
+statement described the target as "an Iranian military platform."
+    But the French statement added that "everything must be done
+now to avoid that these military developments lead to a new
+escalation of the conflict."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20554" NEWID="20883">
+<DATE>19-OCT-1987 18:29:21.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3370&#31;reute
+r f BC-&lt;POTASH-CO-OF-AMERICA   10-19 0037</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;POTASH CO OF AMERICA INC> NINE MTHS LOSS</TITLE>
+<DATELINE>    TORONTO, Oct 19 -
+    </DATELINE><BODY>Shr loss 1.73 dlrs vs nil
+    Net loss 16.3 mln vs profit 2,206,000
+    Sales 69.1 mln vs 29.1 mln
+    Note: per share is after payment of preferred dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20553" NEWID="20884">
+<DATE>19-OCT-1987 18:28:57.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3369&#31;reute
+d f BC-GRANGES-EXPLORATION   10-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRANGES &lt;GXL> FILES FOR COMMON STOCK OFFERING</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Granges Exploration Ltd filed with the
+Securities and Exchange Commission for a proposed offering of
+up to 2,500,000 shares of common stock.
+    PaineWebber Inc and Drexel Burnham Lambert Inc will act as
+underwriters for the proposed offering, Granges said.
+    Proceeds from the offering will be used to acquire shares
+of its Hycroft Resources and Development Corp subsidiary, and
+as working capital to fund exploration, development and
+acquisitions of additional mining properties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20552" NEWID="20885">
+<DATE>19-OCT-1987 18:28:18.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3367&#31;reute
+r f BC-JEPSON-CORP-&lt;JEPS.O>   10-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEPSON CORP &lt;JEPS.O> 3RD QTR NET</TITLE>
+<DATELINE>    CHICAGO, Oct 19 -
+    </DATELINE><BODY>Shr 22 cts vs 20 cts
+    Net 4,033,000 vs 3,398,000
+    Sales 125.3 mln vs 99.1 mln
+    Avg shrs 18.4 mln vs 17.5 mln
+    Nine mths
+    Shr 89 cts vs 78 cts
+    Net 15.9 mln vs 13.6 mln
+    Sales 413.7 mln vs 345.0 mln
+    Avg shrs 17.8 mln vs 17.5 mln
+   
+    NOTE:1987 3rd qtr per share reflects issuance of two mln
+shares in initial public offering. 1986 nine mth results
+include extraordinary gain of 3,843,000 dlrs or 22 cts
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20551" NEWID="20886">
+<DATE>19-OCT-1987 18:27:12.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3365&#31;reute
+r f BC-CARDIAC-CONTROL-&lt;CCSC   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARDIAC CONTROL &lt;CCSC.O> IN MARKETING PACT</TITLE>
+<DATELINE>    PALM COAST, Fla., Oct 19 - </DATELINE><BODY>Cardiac Control Systems Inc said
+it entered into a marketing agreement with a Japanese firm to
+distribute Cardiac's pacemakers in Japan.
+    Cardiac said the agreement requires the Japanese firm to
+purchase certain minimum quantities of pacemakers annually over
+the next three years, with the aggregate value of purchases of
+about 12 mln dlrs.
+    Cardiac said it received an initial order from the Japanese
+company, which is did not name, for about 2.2 mln dlrs and
+expects to begin shipments during its fourth quarter to end
+March 31, 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20550" NEWID="20887">
+<DATE>19-OCT-1987 18:22:52.19</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3359&#31;reute
+r f BC-FIFTH-THIRD-&lt;FITB.O>   10-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIFTH THIRD &lt;FITB.O> TO MERGE WITH C AND H</TITLE>
+<DATELINE>    CINCINNATI, Oct 19 - </DATELINE><BODY>Fifth Third Bancorp and &lt;C and H
+Bancorp> said they reached a preliminary agreement to merge.   
+ C and H Bancorp has assets of 257 mln dlrs and is the parent
+company of Citizens Heritage Bank N.A.
+    The companies said the agreement calls for each of the
+about one mln shares of C and H Bancorp to be exchanged for one
+share of Fifth Third Bancorp. Based on its financial
+expectations, Fifth Third said the dilution in per share
+earnings for the merger will be negligible.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20549" NEWID="20888">
+<DATE>19-OCT-1987 18:22:07.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3357&#31;reute
+r f BC-BANKING-CENTER-&lt;TBCX.   10-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKING CENTER &lt;TBCX.O> 3RD QTR NET</TITLE>
+<DATELINE>    WATERBURY, Conn., Oct 19 -
+    </DATELINE><BODY>Shr 25 cts vs NA
+    Net 3,081,000 vs 2,063,000
+    Nine mths
+    Shr 86 cts vs NA
+    Net 10.5 mln vs 6,966,000
+    NOTE: Year-ago per share amounts not available as bank
+converted to stock ownership August 13, 1986.
+    1987 amounts include operations of Burgdoff Realtors
+acquired during December 1986 and other operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20548" NEWID="20889">
+<DATE>19-OCT-1987 18:21:36.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3356&#31;reute
+d f BC-NAT'L-PROCESSING-&lt;FKY   10-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NAT'L PROCESSING &lt;FKYN.O>, CHRYSLER &lt;C> IN PACT</TITLE>
+<DATELINE>    LOUISVILLE, Ky., Oct 19 - </DATELINE><BODY>National Processing Co INc said
+it signed a contract with Chrylser Corp's Chrysler Financial
+Corp unit to process its loan payment trasactions beginning
+February 1988.
+    Terms weren't disclosed.
+    National said that more than four mln transactions are
+expected to be processed for Chrysler each year under the
+contract.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20547" NEWID="20890">
+<DATE>19-OCT-1987 18:15:50.23</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM Y 
+&#22;&#22;&#1;f3343&#31;reute
+r f PM-GULF-CONGRESS (SCHEDULED)  10-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LAWMAKERS SUPPORT GULF ACTION</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>American lawmakers rallied behind
+President Reagan for the U.S. strike against Iranian targets in
+the Gulf but the attack fueled a sharp new White House-Congress
+debate over limits on his powers to make war.
+    The Pentagon announced on Monday that U.S. warships
+destroyed a non-producing oil platform used for monitoring Gulf
+ship traffic and military operations, and also raided a second
+Iranian oil rig in retaliation for an earlier Iranian attack on
+a Kuwaiti ship flying the American flag.
+    Many Democrats, who control Congress, and Republicans
+expressed support for the attack and praised it as an
+appropriate "measured response."
+    But Democrats and liberal Republicans voiced new fears that
+the growing confrontation between Tehran and the United States
+could erupt into a major war, and demanded that Reagan comply
+with the 1973 War Powers Act, which could lead to a pullout of
+American forces from the waterway.
+    "Those who contend the strike was necessary must realize
+their words are easily construed as a tacit endorsement of war
+with Iran," said Sen Mark Hatfield of Oregon, a Republican.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20546" NEWID="20891">
+<DATE>19-OCT-1987 18:09:40.83</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>saudi-arabia</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM Y 
+&#22;&#22;&#1;f3338&#31;reute
+r f AM-SAUDI   10-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI CROWN PRINCE MEETS WITH US VICE PRES BUSH</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Saudi Arabia's Crown Prince Abdullah
+bin Abdul Aziz met for an hour with Vice President George Bush
+on Monday after U.S. naval forces destroyed one Iranian oil
+platform in the Gulf and raided another.
+    Asked at the start of the meeting how he felt about the
+attack, the Crown Prince, who is here on an official visit,
+replied, "I believe what the United States has done is their
+responsibility as a superpower."
+    His remark appeared to be an implicit endorsement of the
+U.S. action, which the Pentagon said came in retaliation for
+last Friday's Iranian missile attack on a U.S.-flagged Kuwaiti
+tanker.
+    Administration officials said Bush had assured the Crown
+Prince the United States would "stay the course" in the Gulf.
+    They said Prince Abdullah, who is deputy prime minister of
+Saudi Arabia and commander of the kingdom's national guard, was
+"very supportive" of the U.S. role in the strategic waterway.
+    Before meeting with Bush, the Crown Prince paid a brief
+courtesy call on President Reagan.
+    During his stay in Washington, he was also scheduled to
+meet with Deputy Secretary of State John Whitehead, Defense
+Secretary Caspar Weinberger and leaders of the House and Senate
+foreign policy committees.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20545" NEWID="20892">
+<DATE>19-OCT-1987 18:07:35.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3332&#31;reute
+u f BC-U.S.-FDA-LETS-ICN-&lt;IC   10-19 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FDA LETS ICN &lt;ICN> RESUME TESTING AIDS DRUG</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>The U.S. Food and Drug Administration
+has allowed ICN Pharmaceuticals Inc to resume testing its
+ribavirin experimental AIDS drug, according to ICN.
+    "Our safety concerns are not of sufficient magnitude to
+withhold approval of further clinical studies designed to
+assess the safety and efficacy of ribavirin," the FDA told ICN
+Chairman Milan Panic in an October 16 letter made public by
+ICN.
+    An FDA spokesman confirmed the authenticity of the letter.
+    ICN's tests of the drug on humans were blocked last spring
+after the FDA decided there was insufficient evidence of its
+effectiveness against two common AIDS-related conditions.
+    The tests had been intended to determine whether ribavirin
+was effective against AIDS-Related Complex (ARC) and
+Lymphadenopathy Syndrome or LAS.
+    FDA Commissioner Frank Young disclosed in May, however,
+that the agency was investigating "suspicious" test results
+submitted by ICN on the antiviral drug. Young said he had
+personally scolded ICN officials for making exaggerated claims
+about the drug. In addition, a House subcommittee said it was
+probing ICN for possible trading or financial irregularities.
+    Today, the FDA said it was letting ICN test ribavirin for
+safety and effectiveness in 32 patients with ARC and LAS.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20544" NEWID="20893">
+<DATE>19-OCT-1987 17:59:03.73</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE><D>lawson</D><D>james-baker</D><D>poehl</D><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f3322&#31;reute
+u f BC-LAWSON-WELCOMES-REAFF   10-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LAWSON WELCOMES REAFFIRMATION OF LOUVRE ACCORD</TITLE>
+<DATELINE>    LONDON, October 19 - </DATELINE><BODY>U.K. Chancellor of the Exchequer Nigel
+Lawson welcomed on Monday the reaffirmation by the U.S. And
+West Germany of the Louvre accord aimed at stabilising
+currencies.
+    His office said Lawson had welcomed the outcome of a
+meeting between U.S. Treasury Secretary James Baker, Bundesbank
+President Karl Otto Poehl, and West German Finance Minister
+Gerhard Stoltenberg in Frankfurt.
+    After the meeting, a Bonn finance ministry spokesman quoted
+Stoltenberg as saying he was confident that foreign currencies
+could be stabilised at around current levels.
+    The meeting came after Baker criticised West Germany for
+increasing key interest rates, saying they were not in line
+with last February's Louvre accord.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20543" NEWID="20894">
+<DATE>19-OCT-1987 17:51:26.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3306&#31;reute
+d f BC-SUN-STATE-SAVINGS-&lt;SS   10-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN STATE SAVINGS &lt;SSSL.O> 3RD QTR NET</TITLE>
+<DATELINE>    PHOENIX, Ariz., Oct 19 -
+    </DATELINE><BODY>Shr 28 cts vs 46 cts
+    Net 1,634,000 vs 2,007,000
+    Avg shrs 5,850,000 vs 4,400,000
+    Nine Mths
+    Shr 82 cts vs 1.77 dlrs
+    Net 4,788,000 vs 7,792,000
+    Avg shrs 5,850,000 vs 4,400,000
+    Loans 586.9 mln vs 481.5 mln
+    Deposits 697.4 mln vs 606.2 mln
+    Assets 797.2 mln vs 683.4 mln
+    Note: Full name Sun State Savings and Loan Association.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20542" NEWID="20895">
+<DATE>19-OCT-1987 17:50:52.19</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3305&#31;reute
+r f BC-CALIFORNIA-WATER-&lt;CWT   10-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA WATER &lt;CWTR.O> IN STOCK SPLIT</TITLE>
+<DATELINE>    SAN JOSE, Calif., Oct 19 - </DATELINE><BODY>California Water Service Co said
+its shareholders approved a two-for-one stock split at a
+special meeting on Monday.
+    The company said the new shares will be mailed on or about
+October 30 to holders of record October 20.
+    Separately, the company said it declared a 37-3/8 cts per
+share common stock dividend, which will be paid on the new
+shares.
+    The dividend is payable November 14 to holders of record
+November two, the company said. Last quarter California Water
+paid a dividend of 73-3/4 cts per share.
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20541" NEWID="20896">
+<DATE>19-OCT-1987 17:46:41.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3301&#31;reute
+r f BC-CALIFORNIA-WATER-SERV   10-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA WATER SERVICE CO &lt;CWTR.O> 3RD QTR</TITLE>
+<DATELINE>    SAN JOSE, Calif., Oct 19 -
+    </DATELINE><BODY>Shr 2.10 dlrs vs 1.83 dlrs
+    Net 5,919,000 vs 5,168,000
+    Revs 35.0 mln vs 34.3 mln
+    Nine Mths
+    Shr 5.09 dlrs vs 3.55 dlrs
+    Net 14,391,000 vs 10,099,000
+    Revs 88 mln vs 83.7 mln
+    Note: Curent nine mth figures include 2.2 mln dlr, or 79
+cts per share, gain resulting from change in accounting method
+for unbilled revenues.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20540" NEWID="20897">
+<DATE>19-OCT-1987 17:45:39.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3299&#31;reute
+u f BC-PACIFIC-EXCHANGE-CLOS   10-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC EXCHANGE CLOSE BURIED IN UNFILLED ORDERS</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 - </DATELINE><BODY>The Pacific Stock Exchange closed
+half an hour early under a pile of unfilled orders on heavy,
+but not record, volume of over 11 mln shares, Exchange
+officials said.
+    As traders remained on the floors in San Francisco and Los
+Angeles, madly trying to balance their accounts long after the
+close, Exchange Chairman Maurice Menn told a news conference
+trading will, nevertheless, begin on time tomorrow,
+at 0630 Pacific Daylight Time.
+    Menn told reporters the price of a seat on the exchange
+dropped to 86,000 dlrs today from 100,100 dlrs a week ago.
+    Menn said the day also saw 134,000 options contracts
+traded, compared to a record 202,000 contracts last friday.
+    Traders both in Los Angeles and San Francisco said volume
+was curbed purely by their inability to fill orders and the
+chaos created by the exchange tape falling hours behind, making
+it nearly impossible to get accurate price readings.
+    "If we would have been able to execute the orders we got,
+there would have been 20 mln shares traded," said Richard
+Goforth, a partner with Crowell Weedon and Co, who trades on
+the Los Angles floor of the Pacific Exchange.
+    Traders in San Francisco said there were unconfirmed
+reports that one brokerage house alone turned away orders for
+50,000 shares they were unable to fill in late trading.
+    The traders and exchange officials said action on the
+Pacific Exchange did not deviate from that in New York, with
+some early buying giving way to panic selling through the
+close, which left the Dow Jones Industrial Average down a
+record 508 points.
+    "We pretty much mirrored what was going on in New York...
+they couldn't fill their orders and we knew we couldn't fill
+them either," said Goforth.
+    While traders said they are bracing themselves for a lower
+opening tomorrow, Mann attributed today's dive to panicking
+young traders and to monetary policy and said the market should
+still recover.
+    "It depends on what the politicians do...There's no reason
+it cannot go back. This is an abnormality and there is no
+justification for this. People are nervous," he said.
+    Mann noted he had never seen traders in San Francisco leave
+on the floor so long after the close.
+    In Los Angeles, one office manager commented early in the
+day it was unusual to see traders on their feet.
+    "Usually, they're sitting down studying the market, but its
+moving so fast they don't have a chance," he said.
+    In San Francisco, about 50 people on the sidewalk outside
+the jammed lobby of Charles Schwab and Co, strained to see the
+discount brokerage house's large ticker display.
+    "I can't believe it," mumbled one onlooker.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20539" NEWID="20898">
+<DATE>19-OCT-1987 17:43:05.57</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3297&#31;reute
+u f BC-GREAT-ATLANTIC-&lt;GAP>   10-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GREAT ATLANTIC &lt;GAP> WITHDRAWS DECHAMPS BID</TITLE>
+<DATELINE>    MONTVALE, N.J., Oct 19 - </DATELINE><BODY>The Great Atlantic and Pacific Tea
+Co Inc said it withdrew its offer to acquire Delchamps Inc
+&lt;DLCH.O> for 27 dlrs a share or about 175 mln dlrs, which was
+made earlier this month.
+    Michael Rourke, A and P vice president, said the company
+withdrew the offer because Delchamps did not respond favorably
+to it and because of market conditions.
+    He would not comment on whether A and P would make another
+offer to acquire Delchamps.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20538" NEWID="20899">
+<DATE>19-OCT-1987 17:41:07.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3292&#31;reute
+r f BC-JAPANESE-STOCKS-WILL   10-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPANESE STOCKS WILL FALL, BUT NOT LIKE WALL ST</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>The massive stock market correction on
+Wall Street will force a decline in Japanese share prices but a
+decline of similar proportions will not occur due to economic
+factors, said Setsuya Tabuchi, chairman of the board of Nomura
+Securities Co Ltd.
+    "There are less inflation worries in Japan and less
+possibility of interest rate rises," Tabuchi told reporters.
+    He also said Japan had a higher savings rate which provided
+more funds for investment than was the case in other countries.
+    "If interest rates rise worldwide, Japan may raise the
+discount rate, but the possibility of a Japanese rate increase
+is smaller than in the U.S., Britain and West Germany," Tabuchi
+said.
+    However, he noted that the Nikkei Dow stock index of the
+Tokyo stock exchange and the Dow Jones Industrial average have
+moved in tandem in the past four years.
+    The Dow fell 508 points to 1738 on Monday, its largest
+percentage decline since the First World War.
+    The Tokyo index fell 620.18 to 25,746.56 on Monday, the
+sixth largest decline on record.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20537" NEWID="20900">
+<DATE>19-OCT-1987 17:34:46.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3277&#31;reute
+r f BC-AMERICAN-FRUCTOSE-COR   10-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN FRUCTOSE CORP &lt;AFC> 3RD QTR NET</TITLE>
+<DATELINE>    STAMFORD, Conn., Oct 19 -
+    </DATELINE><BODY>Shr 38 cts vs 52 cts
+    Net 3,980,000 vs 5,524,000
+    Revs 37.4 mln vs 44.8 mln
+    Nine mths
+    Shr 76 cts vs 99 cts
+    Net 7,983,000 vs 10.5 mln
+    Revs 100.4 mln vs 123.6 mln
+    NOTE: 1987 qtr and nine mths includes loss 9,000 dlrs and
+432,000 dlrs, or four cts per share, from repurchase and
+retirment of debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20536" NEWID="20901">
+<DATE>19-OCT-1987 17:31:11.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3271&#31;reute
+b f BC-GREAT-ATLANTIC   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GREAT ATLANTIC AND PACIFIC TEA CO SAID IT WITHDREW ITS OFFER TO BUY DELCHAMPS INC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20535" NEWID="20902">
+<DATE>19-OCT-1987 17:29:32.84</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>italy</D><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM Y 
+&#22;&#22;&#1;f3266&#31;reute
+u f AM-GULF-ITALY   10-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY WORRIED AT RISING TENSION AFTER GULF ATTACK</TITLE>
+<DATELINE>    ROME, Oct 19 - </DATELINE><BODY>Italian Prime Minister Giovanni Goria told
+the cabinet on Monday he was worried about the increased
+tension in the Gulf, but said America's retaliation against
+Iran had been limited.
+    A statement issued after a cabinet meeting said Goria had
+been informed by the United States that it would take action
+against an Iranian target in the Gulf, but had not known
+beforehand that the action would involve an attack on an oil
+platform.
+    "The prime minister expressed his concern over the possible
+consequences of increased tension in the Gulf, at the same time
+recognizing the limited character of the American military
+reaction to the attacks it has suffered in the past few days,"
+the statement said.
+    Goria said Italy's own ships were far from the platform at
+the time of the attack and the fleet had been advised to follow
+events with caution.
+    Italy has sent eight ships, including three frigates and
+three minesweepers, to the Gulf to protect Italian merchant
+shipping there.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20534" NEWID="20903">
+<DATE>19-OCT-1987 17:27:22.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f3260&#31;reute
+r f BC-KYOWA-BANK-SHORT-TERM   10-19 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KYOWA BANK SHORT-TERM RATES UPGRADED BY S/P</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Standard and Poor's Corp said it raised
+short-term ratings to A-1-plus from A-1 of Kyowa Bank Ltd.
+    S and P cited a steady progress in all major areas of
+operation over the past few years. The upward trend in
+profitability partly reflects decreased operating expenses as
+interest margins have been historically strong, S and P added.
+    It said Kyowa's capital ratios compare favorably with
+domestic and international banking peers when some credit is
+given for a substantial level of hidden reserves. Management
+appears capable of taking necessary steps to cope with
+financial deregulation of the domestic market, S and P added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20533" NEWID="20904">
+<DATE>19-OCT-1987 17:23:43.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3251&#31;reute
+d f BC-A.H.-BELO-CORP-&lt;BLC>   10-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A.H. BELO CORP &lt;BLC> 3RD QTR NET</TITLE>
+<DATELINE>    DALLAS, Oct 19 -
+    </DATELINE><BODY>Shr 59 cts vs 27 cts
+    Net 6,398,000 vs 2,979,000
+    Revs 91.0 mln vs 94.1 mln
+    Avg shrs 10.8 mln vs 11.2 mln
+    Nine mths
+    Shr 1.58 dlrs vs 1.06 dlrs
+    Net 17.2 mln vs 12.2 mln
+    Revs 279.7 mln vs 289.1 mln
+    Avg shrs 10.9 mln vs 11.4 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20532" NEWID="20905">
+<DATE>19-OCT-1987 17:22:47.24</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3247&#31;reute
+u f BC-MEDIA-GENERAL-&lt;MEGA>   10-19 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDIA GENERAL &lt;MEGA> FAMILY WONT SELL SHARES</TITLE>
+<DATELINE>    RICHMOND, Va., Oct 19 - </DATELINE><BODY>Media General Inc's chairman, D.
+Tennant Bryant, said his family would not sell its controlling
+share block, so it would be impossible for an investor group
+led by &lt;Giant Group Ltd> to gain control of the company.
+    The investor group, which includes Barris Industries
+&lt;BRRS.O>, recently reported that it acquired a 9.8 pct stake of
+Media General's class A shares and might seek control.
+    Bryant said the company's class A stock elects only 30 pct
+of the board, with the remaining 70 pct being elected by class
+B shares, two-thirds of which are controlled by the Bryant
+family trust, which has no intention of selling its shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20531" NEWID="20906">
+<DATE>19-OCT-1987 17:17:21.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3234&#31;reute
+r f BC-AMCA-International   10-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMCA INTERNATIONAL &lt;AIL> SEES 4TH QTR PROFIT</TITLE>
+<DATELINE>    TORONTO, Oct 19 - </DATELINE><BODY>AMCA International said it expects to
+earn a profit in the fourth quarter which will exceed the third
+quarter result.
+    The company earned 4.9 mln dlrs in the third quarter
+against a year earlier loss of 56.2 mln. However, after the
+payment of preferred dividends it lost two cents per share from
+a loss of 1.79 dlrs per share last year.
+    In the 1986 fourth quarter, the company had an operating
+loss of 4.9 mln dlrs, or 98 cents per share. It said its
+positive outlook was based on expected debt bill reduction and
+an improved backlog of orders.
+    The company also said its board approved a decision to sell
+its Manitoba Rolling Mills. It did not elaborate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20530" NEWID="20907">
+<DATE>19-OCT-1987 17:17:00.73</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D><D>stoltenberg</D><D>poehl</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f3231&#31;reute
+u f BC-BONN-CONFIDENT-OF-MAI   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BONN CONFIDENT OF MAINTAINING CURRENCY STABILITY</TITLE>
+<DATELINE>    BONN, Oct 19 - </DATELINE><BODY>U.S. Treasury Secretary James Baker met West
+German Finance Minister Gerhard Stoltenberg and Bundesbank
+President Karl Otto Poehl in Frankfurt on Monday, a Bonn
+Finance Ministry spokesman said.
+    After the meeting the spokesman quoted Stoltenberg as
+saying he was confident that foreign currencies could be
+stabilised at around current levels.
+    The meeting came after Baker criticised West Germany for
+increasing short-term money market interest rates. He had said
+the rise was not in line with the spirit of the Louvre accord
+aimed at stabilizing the U.S. dollar last February.
+    The meeting had been arranged last week, the spokesman
+said. Baker, Stoltenberg and Poehl had agreed to pursue the
+policies agreed under the Louvre pact with reference to
+currency stability and monetary policy.
+    Earlier on Monday the Bundesbnak injected liquidity into
+the West German money market in a move which money market
+dealers interpreted as an attempt by the West German monetary
+authority to curb interest rate rises.
+    The spokesman described Monday's talks, which he called
+private, as very positive.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20529" NEWID="20908">
+<DATE>19-OCT-1987 17:14:43.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C 
+&#22;&#22;&#1;f3224&#31;reute
+d f BC-U.S.-BANKERS-WARN-OF   10-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. BANKERS WARN OF EXTENDED STOCK MARKET DROP</TITLE>
+<DATELINE>    DALLAS, Oct. 19 - </DATELINE><BODY>U.S. bank executives said if the
+precipitous fall in the stock market continued it could force
+banks to demand more collateral on stock loans and hurt
+consumer borrowing.
+    But the leaders of the American Bankers Association, which
+is holding its annual convention, said the drop was probably
+only temporary and the market would eventually recover because
+of the strength of the economy.
+    "The underlying basics of the economy are still strong,"
+Mark Olson, president of the ABA, the largest U.S. bankers
+group, said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20528" NEWID="20909">
+<DATE>19-OCT-1987 17:14:06.65</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iran</D><D>cuba</D><D>nicaragua</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3221&#31;reute
+r f AM-cuba-iran   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN FOREIGN MINISTER TELLS CUBA OF GULF SITUATION</TITLE>
+<DATELINE>    HAVANA, Oct 19 - </DATELINE><BODY>Iranian foreign minister ali akbar
+velayati, here on a two-day official visit, informed cuban
+foreign ministry officials on monday on the tense situation in
+the gulf, diplomatic sources said.
+    They said the envoy's trip, to be followed from tuesday by
+a visit to nicaragua, could be linked to a possible mediation
+of the non-aligned movement in the seven-year-old iran-iraq war
+but they ruled out any prominent cuban role in it.
+    Velayati could not be reached for comment on the U.S.
+Attack on an abandoned iranian oil rig on monday which tehran
+vowed to avenge.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20527" NEWID="20910">
+<DATE>19-OCT-1987 17:10:44.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3214&#31;reute
+r f BC-CLEVELAND-CLIFFS-INC   10-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLEVELAND-CLIFFS INC &lt;CLF> 3RD QTR NET</TITLE>
+<DATELINE>    CLEVELAND, Ohio, Oct 19 -
+    </DATELINE><BODY>Shr loss nine cts vs loss 1.03 dlrs
+    Net profit 100,000 vs loss 11.6 mln
+    Revs 125.2 mln vs 71.8 mln
+    Nine mths
+    Shr loss 2.46 dlrs vs loss 98 cts
+    Net loss 26.9 mln vs loss 8.5 mln
+    Revs 355.4 mln vs 215.6 mln
+    NOTE: 1987 qtr includes loss 5.9 mln dlrs non-recurring
+after-tax charges due almost entirely to the company's recent
+buyout of its Tilden Mine debt obligations.
+  
+    1987 nine mths includes loss 23.7 mln dlrs pre-tax charge
+to reduce the carrying value of the company's 17 land drilling
+rigs.
+    1987 nine mths includes pre-tax gain 1.2 mln dlrs on sale
+of uranium reserves.
+    1986 nine mths includes pre-tax gain 20.6 mln dlrs on sale
+of iron ore interest in western Australia.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20526" NEWID="20911">
+<DATE>19-OCT-1987 17:07:34.08</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>veg-oil</D><D>palm-oil</D><D>palmkernel</D><D>coconut-oil</D></TOPICS>
+<PLACES><D>usa</D><D>philippines</D><D>malaysia</D><D>indonesia</D></PLACES>
+<PEOPLE><D>yeutter</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f3207&#31;reute
+u f BC-/US-TROPICAL-OIL-LABE   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>US TROPICAL OIL LABELING PLAN SUFFERS DEFEAT</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>A proposal to require imported
+tropical oils to be labeled as saturated fats suffered a narrow
+and possibly debilitating defeat in the U.S. Senate.
+    The Senate Agriculture Committee rejected the proposal by a
+10-8 vote, virtually snuffing out U.S. soybean producers' hopes
+the plan would be adopted this year.
+    A similar proposal has made no headway in the House.
+    Sen. Tom Harkin (D-Iowa) offered the proposal as an
+amendment to a farm spending reduction package.
+    "I don't see this as a trade issue. I see it as giving
+American consumers the information they need," he said.
+    Proponents of the measure, including the American Soybean
+Association, have claimed palm, palm kernel and coconut oils
+are high in saturated fat and can contribute to heart disease.
+    The U.S. soybean industry believes labels indicating
+tropical oils are high in saturated fats would discourage
+consumption of the oils, imported primarily from Malaysia,
+Indonesia and the Philippines.
+    But Sen. Richard Lugar (R-Ind.) read a letter from U.S.
+Trade Representative Clayton Yeutter, who said the proposal
+"blatantly discriminates" against imports, would be impossible to
+defend under international trade law and would harm relations
+with the Philippines, Malaysia and Indonesia.
+    Yeutter's letter also said Americans derive most of their
+saturated fats from meat and dairy products and relatively
+little from tropical oils.
+    The committee voted largely along party lines, with three
+Democrats joining seven Republicans to oppose the measure.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20525" NEWID="20912">
+<DATE>19-OCT-1987 17:04:21.11</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3198&#31;reute
+d f BC-MORRISON-KNUDSEN-&lt;MRN   10-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON KNUDSEN &lt;MRN> BACKLOG REACHES HIGH</TITLE>
+<DATELINE>    BOISE, Idaho, Oct 19 - </DATELINE><BODY>Morrison Knudsen Corp, in its third
+quarter earnings report released today, said that its backlog
+of uncompleted contracts at Sept 30 stood at 3.8 billion dlrs,
+the third highest level in the company's history.
+    Morrison Knudsen said the backlog was 20 pct above the 3.16
+billion dlrs reported at the same time a year ago.
+    Morrison said it also took a 70 mn dlrs charge on the
+closing of its real estate development operations. It also took
+a 47 mn dlrs pretax provision for estimated losses on
+construction, mining and shipbuilding projects.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20524" NEWID="20913">
+<DATE>19-OCT-1987 17:03:54.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3197&#31;reute
+h f BC-CADE-INDUSTRIES-INC-&lt;   10-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CADE INDUSTRIES INC &lt;CADE.O> 3RD QTR NET</TITLE>
+<DATELINE>    MILWAUKEE, Wis., Oct. 19 -
+    </DATELINE><BODY>Shr three cts vs two cts
+    Net 456,000 vs 272,000
+    Sales 15 mln vs 14.4 mln
+    Nine mths
+    Shr six cts vs 23 cts
+    Net 992,000 vs 3,812,000
+    Sales 41.1 mln vs 45.4 mln
+    Order backlog 46 mln vs 24.3 mln
+    Note: 1986 figures include a gain of 2.9 mln dlr or 17 cts
+a share from life insurance proceeds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20523" NEWID="20914">
+<DATE>19-OCT-1987 17:03:40.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f3196&#31;reute
+f f BC-U.S.-SELLS-3-MO   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SELLS 3-MO BILLS AT 6.84 PCT, STOP 6.90 PCT, 6-MO 7.21 PCT, STOP 7.25 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20522" NEWID="20915">
+<DATE>19-OCT-1987 17:01:59.16</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3194&#31;reute
+b f BC-abitibi   10-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABITIBI-PRICE INC &lt;AIB.TO> 3RD QTR OPER NET</TITLE>
+<DATELINE>    TORONTO, October 19 -
+    </DATELINE><BODY>Oper shr 45 cts vs 42 cts
+    Oper net 33.0 mln vs 31.1 mln
+    Revs 749.8 mln vs 716.5 mln
+    Nine mths
+    Oper shr 1.23 dlrs vs 1.11 dlrs
+    Oper net 91.1 mln vs 81.3 mln
+    Revs 2.2 billion vs 2.1 billion
+    NOTE: Prior nine mths and qtr excludes loss of 2.3 mln dlrs
+due to discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20521" NEWID="20916">
+<DATE>19-OCT-1987 17:01:08.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f3192&#31;reute
+r f BC-PERKIN-ELMER-&lt;PKN>-PA   10-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERKIN-ELMER &lt;PKN> PAPER AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed at A-1-plus commercial paper of Perkin-Elmer Corp.
+    S and P cited expectations of the firm to show sustained
+long-term profit improvement after a recent restructuring.
+    After two years of lackluster profitability and cuts in
+operations, activities concentrated in promising product lines
+and reduced the firm's overall cost base, S and P noted.
+    It added that cash flow should strengthen due to
+anticipated improvement in asset management. Balance sheet
+strength should continue with substantial liquidity and debt to
+total capital at 22 pct as of July 31, S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20520" NEWID="20917">
+<DATE>19-OCT-1987 17:00:03.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3189&#31;reute
+d f BC-GULL-INC   10-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PARTNERSHIP INCREASES GULL &lt;GLL> HOLDINGS</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Gary Associates LP, which said
+previously it may seek control of Gull Inc, said it increased
+its stake in Gull common stock to 388,900 shares, or 7.7 pct of
+the total outstanding, from a previous figure of approximately
+318,000 shares, or 6.2 pct.
+    In a filing with the Securities and Exchange Commission,
+Gary Associates said it made net purchases of 70,900 Gull
+common shares at 15 dlrs to 18.62 dlrs a share.
+    Gary Associates made no mention of a possible takeover
+attempt in its report to the SEC.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20519" NEWID="20918">
+<DATE>19-OCT-1987 16:59:39.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3187&#31;reute
+d f BC-SIGNET-BANKING-CORP-&lt;   10-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIGNET BANKING CORP &lt;SBK> 3RD QTR NET</TITLE>
+<DATELINE>    RICHMOND, Va., Oct 19 -
+    </DATELINE><BODY>Shr 92 cts vs 91 cts
+    Net 24.1 mln vs 22.7 mln
+    Avg shrs 25.4 mln vs 24.8 mln
+    Nine mths
+    Shr 20 cts vs 2.58 dlrs
+    Net 6,028,000 vs 62.7 mln
+    Avg shrs 25.4 mln vs 24.3 mln
+    Assets 10.3 billion vs 9.21 billion
+    Deposits 7.10 billion vs 6.32 billion
+    Loans 6.52 billion vs 5.60 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20518" NEWID="20919">
+<DATE>19-OCT-1987 16:59:29.50</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3185&#31;reute
+r f BC-UNOCAL-&lt;UCL>-RAISES-C   10-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNOCAL &lt;UCL> RAISES CRUDE OIL POSTED PRICES</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 - </DATELINE><BODY>Unocal Corp said it raised its posted
+prices for most U.S. grades of crude oil by 50 cts a barrel,
+effective October 16.
+    The move brings the price the company will pay for the U.S.
+benchmark grade, West Texas Intermediate, and West Texas Sour
+to 19 dlrs a barrel.
+    The price was last changed September 9, Unocal said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20517" NEWID="20920">
+<DATE>19-OCT-1987 16:57:33.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3176&#31;reute
+a f BC-AMERICAN-MANAGEMENT-S   10-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN MANAGEMENT SYSTEMS &lt;AMSY.O> 3RD QTR NET</TITLE>
+<DATELINE>    ARLINGTON, Va., Oct 19 -
+    </DATELINE><BODY>Shr 18 cts vs 14 cts
+    Net 1,852,000 vs 1,488,000
+    Revs 44.7 mln vs 35.9 mln
+    Nine mths
+    Shr 41 cts vs 34 cts
+    Net 4,233,000 vs 3,512,000
+    Revs 123.8 mln vs 98.4 mln
+    NOTE: Full Name is American Management Systems Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20516" NEWID="20921">
+<DATE>19-OCT-1987 16:54:25.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3160&#31;reute
+b f BC-MEDIA-GENERAL-S   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MEDIA GENERAL SAYS GIANT GROUP, AFFILIATES HAVE 9.8 PCT OF CLASS A COMMON STOCK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20515" NEWID="20922">
+<DATE>19-OCT-1987 16:53:59.10</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>luxembourg</D><D>west-germany</D></PLACES>
+<PEOPLE><D>delors</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3158&#31;reute
+b f BC-DELORS-CALLS-FOR-G-7   10-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELORS CALLS FOR G-7 MEETING</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 19 - </DATELINE><BODY>European Community Commission
+President Jacques Delors called for a swift convening of a
+meeting of the G-7 countries following the instability in
+today's trading on world money and stock markets.
+    He told a press conference here: "G-7 should meet discreetly
+and quickly."
+    Delors said if the dollar were to fall further against the
+mark to levels around 1.60, the European Monetary System would
+undergo a "test by fire."
+    Delors said the current problems in the markets had been
+caused by excessive growth in financial trading, excessive
+deregulation and the failure of the fundamentals of the world
+economy to adapt themselves quickly enough to changing
+circumstances.
+    He said it was "profoundly unjust" to blame it on recent
+increases in West Germany.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20514" NEWID="20923">
+<DATE>19-OCT-1987 16:53:37.59</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3156&#31;reute
+u f BC-PACIFIC-STOCK-EXCHANG   10-19 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC STOCK EXCHANGE CLOSING PRICES DELAYED</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 19 - </DATELINE><BODY>The Pacific Stock Exchange said its
+closing prices will not be released this evening due to
+malfunctions within the Exchange's computer system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20513" NEWID="20924">
+<DATE>19-OCT-1987 16:53:07.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3152&#31;reute
+u f BC-NYSE-CHAIRMAN-SAYS-MA   10-19 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE CHAIRMAN SAYS MARKET DECLINE NOT A CRASH</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>New York Stock Exchange chairman John
+Phelan said the stock market underwent a significant correction
+today but he did not characterize it as a crash. He also said
+the NYSE will open tomorrow on time.
+    "The market underwent a significant fall and a significant
+devaluation of assets of which we are all concerned," he said.
+    Speaking to reporters, Phelan listed several reasons why
+the market fell today. He said stocks have been going up for
+five years without a correction. He also blamed inflation
+fears, rising interest rates, a lower dollar and problems with
+Iran. "All came together in a very nervous market" he said.
+    "It's the nearest thing to a meltdown that I ever want to
+see," Phelan said. Phelan said what he meant by meltdown was a
+snowballing effect where selling fed on itself.
+    Phelan said the NYSE is going through its standard
+procedures before trading begins tomorrow. Those procedures
+include checking with member firms on their liquidity, margin
+positions, and backlog. "We know of no firm that has a
+significant problem, but that could change at any moment," he
+said.
+    Asked for advice for the average investor, Phelan said, "We
+do not know where the market will end up."
+    The Dow Jones Industrial average declined a record 508
+points to 1738.74. Volume was a record setting 605 mln shares,
+almost double the previous record.
+    Phelan, in response to a question on declines in foreign
+markets, said he believes there is no loss of confidence in the
+global economy. He added that the underlying fundamentals of
+the U.S. economy are still strong, and that corporate earnings
+also continue to be firm.
+    Phelan explained today's record descent as being the result
+of a confluence of factors, including the globalization of
+markets and the proliferation of new securities instruments.
+    Those two factors alone have made the market more volatile,
+he said.
+    Phelan also said a major factor in the decline was the fact
+that there has been no major correction in the five-year bull
+market. He also pointed to rising tension in the Mideast Gulf.
+    The New York Stock Exchange was in constant contact with
+the Securities and Exchange Commission about a possible halt in
+all trading on the exchange, Phelan said. "The consensus was
+that it is better to let the market try to work itself out," he
+said.
+    In addition, Phelan said that with the global nature of
+trading there is no guarantee that halting trading on the New
+York Stock Exchange would have served any purpose. Phelan said
+he was in contact with the Treasury department, White House and
+the Federal Reserve, but that the contact was made as a matter
+of routine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20512" NEWID="20925">
+<DATE>19-OCT-1987 16:51:34.25</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE><D>james-baker</D><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3140&#31;reute
+b f BC-/U.S.-TREASURY'S-BAKE   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. TREASURY'S BAKER MEETS WEST GERMAN MINISTER</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>U.S. Treasury Secretary James Baker
+met West German Finance Minister Gerhard Stoltenberg and
+Bundesbank President Karl Otto Poehl today in West Germany and
+agreed to support the Louvre pact, the Treasury Department
+said.
+    The Treasury described the meeting as "a very positive,
+private meeting in Frankfurt, West Germany which had been
+agreed upon last week. "The parties agreed to continue economic
+cooperation under the Louvre agreement and its flexible
+application including cooperation on exchange rate stability
+and monetary policies," the Treasury said.
+    The Treasury said Baker and Stoltenberg "are consulting with
+their G-7 colleagues and are confident that this will enable
+them to foster exchange rate stability around current levels."
+    The Louvre pact is an agreement between the Group of Seven
+leading industrial countries including the United States and
+West Germany to promote currency stability.
+    Baker was scheduled to visit Scandinavia and Belgium this
+week and the department earlier refused to release details of
+his travel itinerary, citing security considerations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20511" NEWID="20926">
+<DATE>19-OCT-1987 16:50:56.14</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3136&#31;reute
+h f BC-SCICOM-DATA-&lt;SCIE.O>   10-19 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SCICOM DATA &lt;SCIE.O> 1ST QTR SEPT 30 NET</TITLE>
+<DATELINE>    MINNETONKA, Minn, Oct 19 -
+    </DATELINE><BODY>Shr 23 cts vs 18 cts
+    Net 249,920 vs 194,369
+    Revs 3,752,641 vs 3,355,563
+    NOTE: Full name is Scicom Data Services Ltd.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20510" NEWID="20927">
+<DATE>19-OCT-1987 16:50:40.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3134&#31;reute
+a f BC-&lt;ACC-CORP>-3RD-QTR-NE   10-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ACC CORP> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Shr profit three cts vs profit nine cts
+    Net profit 102,136 vs profit 307,516
+    Revs 8,549,182 vs 8,469,476
+    Nine mths
+    Shr loss 13 cts vs profit 28 cts
+    Net loss 458,823 vs profit 1,014,969
+    Revs 25.5 mln vs 24.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20509" NEWID="20928">
+<DATE>19-OCT-1987 16:49:50.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3132&#31;reute
+b f AM-/REAGAN-SAID-CONVINCE   10-19 0135</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN SAID CONVINCED ECONOMY STILL SOUND</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>President Reagan is concerned about
+the record drop in stock prices but remains convinced on the
+basis of administration talks with financial experts that the
+economy remains sound, the White House said.
+    White House spokesman Marlin Fitzwater said in a written
+statement that Reagan "watched today with concern" the decline on
+Wall Street, where the Dow Jones industrial average plunged
+more than 500 points.
+    The statement said Reagan had directed administration
+officials to consult with leading financial experts, including
+the chairmen of the Federal Reserve, the Securities and
+Exchance Commission, and the New York Stock Exchange.
+    "These consultations confirm our view that the underlying
+economy remains sound," Fitzwater said.
+    The White House statement, issued about 45 minutes after
+the stock market closed, appeared designed to calm investors
+worried about U.S. economic propects.
+    "We are in the longest peacetime expansion in history.
+Employment is at the highest level ever. Manufacturing output
+is up. The trade deficit, when adjusted for changes in
+currencies, is steadily improving. And, as the chairman of the
+Federal Reserve Board has recently stated, there is no evidence
+of a resurgence of inflation in the United States," Fitzwater
+said.
+   
+    He said Reagan was keeping close watch on the markets in
+the United States and in countries, where waves of selling
+developed on Monday.
+    "We will continue to closely monitor these developments,"
+Fitzwater said.
+    However, his three-paragraph statement gave no hint of
+what, if any, action Reagan might take if the stock market
+plunge continues.
+    The percentage drop of 22.6 percent on Monday was the
+second largest ever, exceeded only by the 24.4 percent drop on
+Dec. 12, 1914.
+   
+    It easily eclipsed the fall of 12.8 percent on Oct. 28,
+1929 which helped spark the Great Depression.
+    Reagan and his top advisers discussed the market crisis,
+which came on the same day American naval forces retaliated for
+last Friday's alleged Iranian missile attack on a U.S. flagged
+Kuwaiti tanker in the Gulf, at a White House issues luncheon.
+    Presidential aides told reporters after the luncheon an
+official statement was likely to be issued when the markets
+closed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20508" NEWID="20929">
+<DATE>19-OCT-1987 16:46:49.25</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3123&#31;reute
+s f BC-B.F.-GOODRICH-&lt;GR>-SE   10-19 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>B.F. GOODRICH &lt;GR> SETS QTLY DIVIDEND</TITLE>
+<DATELINE>    AKRON, Ohio, Oct 19 -
+    </DATELINE><BODY>Qtly div 39 cts vs 39 cts
+    Pay December 31
+    Record December 4
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20507" NEWID="20930">
+<DATE>19-OCT-1987 16:46:03.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3119&#31;reute
+d f BC-WESTPORT-BANCORP-&lt;WEB   10-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTPORT BANCORP &lt;WEBAT.O> 3RD QTR NET</TITLE>
+<DATELINE>    WESTPORT, Conn., Oct 19 -
+    </DATELINE><BODY>Shr 19 cts vs 38 cts
+    Net 397,000 vs 788,000
+    Nine mths
+    Shr 80 cts vs 1.19 dlrs
+    Net 1,674,000 vs 2,455,000
+    NOTE: Company would not provide assets, deposits, and loans
+figures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20506" NEWID="20931">
+<DATE>19-OCT-1987 16:45:58.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3118&#31;reute
+a f BC-GATEWAY-FEDERAL-SAVIN   10-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATEWAY FEDERAL SAVINGS &lt;GATW.O> 3RD QTR NET</TITLE>
+<DATELINE>    CINCINNATI, Oct. 19 -
+    </DATELINE><BODY>Shr 99 cts vs not given
+    Net 1,943,000 vs not given
+    Nine mths
+    Shr 2.35 dlrs vs not given
+    Net 4,602,000 vs not given
+    NOTE: Full name is Gateway Federal Savings and Loan
+Association. Latest qtr includes a tax credit of 909,000 dlrs
+or 46 cents a share. Latest nine mths includes a tax credit of
+2,330,000 dlrs or 1.19 dlrs. 1986 figures not given as company
+went public on June 2, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20505" NEWID="20932">
+<DATE>19-OCT-1987 16:45:01.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3114&#31;reute
+d f BC-KMW-SYSTEMS-CORP-&lt;KMW   10-19 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KMW SYSTEMS CORP &lt;KMWS.O> 1ST QTR SEPT 30</TITLE>
+<DATELINE>    AUSTIN, Texas, Oct 19 -
+    </DATELINE><BODY>Shr five cts vs eight cts
+    Net 100,000 vs 176,000
+    Revs 4,027,000 vs 3,649,000
+    NOTE: 1986 qtr includes gain 90,000 dlrs, or four cts per
+share, from tax gain.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20504" NEWID="20933">
+<DATE>19-OCT-1987 16:41:40.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3110&#31;reute
+f f BC-NYSE-CHAIRMAN-J   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE CHAIRMAN JOHN PHELAN SAYS NYSE WILL OPEN TOMORROW ON TIME
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20503" NEWID="20934">
+<DATE>19-OCT-1987 16:41:17.47</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3107&#31;reute
+f f BC-NYSE-CHAIRMAN-P   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE CHAIRMAN PHELAN SAYS STOCK MARKET UNDERWENT SIGNIFICANT CORRECTION TODAY, NOT CRASH
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20502" NEWID="20935">
+<DATE>19-OCT-1987 16:41:14.52</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3106&#31;reute
+r f BC-TEXACO-&lt;TX>,-U.S.-TO   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX>, U.S. TO STUDY SULPHUR REMOVAL</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., Oct 19 - </DATELINE><BODY>Texaco Inc said removal of
+sulphur emissions from the hot coal gases inside Texaco's coal
+gasifier will be studied under a two-phase, five-year program
+agreed to with the U.S. Energy Department.
+    Texaco said the program could total some 17 mln dlrs in
+joint government/industry funding. The company has agreed tp
+contributed a minimum of 20 pct of the cost, it said.
+    The agreement calls for the DOE to fund the remainder,
+Texaco said, adding the private sectors share could grow if
+other organizations joint the test prgram.
+   
+    Texaco said the experimental technique involves injecting
+"sorbents" such as iron oxide or calcium compounds directly
+into the gasification vessel used in its proprietary Coal
+Gasification Process.
+    Such in situ sulphur capture could reduce or eliminate the
+need for separte clean-up devices after syhthetic gas is
+produced from coal, the company explained.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20501" NEWID="20936">
+<DATE>19-OCT-1987 16:40:07.77</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3101&#31;reute
+u f BC-ARCO-&lt;ARC>-RAISES-CRU   10-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARCO &lt;ARC> RAISES CRUDE OIL POSTINGS 50 CTS</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Atlantic Richfield's Arco Oil and Gas Co
+said it increased contract prices for crude oil by 50 cts a
+barrel, effective today.
+    Arco said the 50 cts increase brings its posted price for
+West Texas Intermediate, the U.S. benchmark grade, to 19.00
+dlrs a barrel.
+    The price of West Texas Sour was increased to 18.10 dlrs.
+Light Louisiana Sweet was raised to 19.35 dlrs.
+    The price was last changed on September 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20500" NEWID="20937">
+<DATE>19-OCT-1987 16:39:55.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3100&#31;reute
+u f BC-/POLAROID-CORP-&lt;PRD>   10-19 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>POLAROID CORP &lt;PRD> 3RD QTR SEPT 27</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., Oct 19 -
+    </DATELINE><BODY>Shr 39 cts vs 39 cts
+    Net 24.4 mln vs 23.8 mln
+    Revs 425.9 mln vs 396.2 mln
+    Nine mths
+    Shr 1.23 dlrs vs 1.04 dlrs
+    Net 76.3 mln vs 64.1 mln
+    Revs 1.26 billion vs 1.12 billion
+    NOTE: Net adjusted to account for the recent 2-for-1 split
+of the company's common.
+   
+    Qtr 1986 includes a seven cts per shr gain due to net
+after-tax foreign currency exchange effect.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20499" NEWID="20938">
+<DATE>19-OCT-1987 16:39:27.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3097&#31;reute
+b f BC-MORRISON-KNUDSEN-CORP   10-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MORRISON KNUDSEN CORP &lt;MRN> 3RD QTR LOSS</TITLE>
+<DATELINE>    BOISE, Idaho, Oct 19 -
+    </DATELINE><BODY>Oper shr loss 2.51 dlrs vs profit 94 cts
+    Oper net loss 27.2 mln vs profit 10.3 mln
+    Revs 464.2 mln vs 504.6 mln
+    Nine mths
+    Oper shr loss 1.33 dlrs vs profit 2.57 dlrs
+    Oper net loss 14.4 mln vs profit 28.2 mln
+    Revs 1.41 billion vs 1.55 billion
+   
+    NOTE: 1987 qtr and nine mths excludes loss 41.1 mln dlrs,
+or 3.79 dlrs per share, and loss 41.8 mln dlrs, or 3.87 dlrs
+per share, respectively, from discontinued real estate
+operations.
+    1986 qtr and nine mths include loss 126,000 dlrs, or one
+cent per share, and gain 304,000 dlrs, or three cts per share,
+respectively, from discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20498" NEWID="20939">
+<DATE>19-OCT-1987 16:38:16.11</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3093&#31;reute
+f f BC-WHITE-HOUSE-SAY   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WHITE HOUSE SAYS REAGAN CONCERNED ABOUT STOCK DROP, CONVINCED ECONOMY SOUND
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20497" NEWID="20940">
+<DATE>19-OCT-1987 16:36:52.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3088&#31;reute
+f f BC-BELLS-BELLS-EC-COMMIS   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>EC COMMISSION PRESIDENT URGES QUICK MEETING OF G-7 AFTER MARKETS TURMOIL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20496" NEWID="20941">
+<DATE>19-OCT-1987 16:35:45.01</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>james-baker</D><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f3085&#31;reute
+f f BC-TREASURY'S-BAKE   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TREASURY'S BAKER MET WEST GERMANY'S STOLTENBERG TODAY, AGREED TO SUPPORT LOUVRE PACT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20495" NEWID="20942">
+<DATE>19-OCT-1987 16:34:49.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3082&#31;reute
+u f BC-MERRILL-LYNCH-&lt;MER>-C   10-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERRILL LYNCH &lt;MER> CONFIDENT IN MARKETS</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Merrill Lynch and Co Inc said it was
+confident in the financial markets despite the unprecedented
+decline in the stock market.
+    "America's economic system is the strongest in the world,
+with great inherent ability to correct itself, and it remains
+fundamentally sound," said chairman William Schreyer and
+president Daniel Tully in a statement.
+    "We recognize that emotions run high during such a period
+as we are experiencing. However, now is the time when it is
+critical that reason and objectivity prevail," they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20494" NEWID="20943">
+<DATE>19-OCT-1987 16:33:42.57</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3079&#31;reute
+d f BC-WESTPORT-BANCORP-&lt;WEB   10-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WESTPORT BANCORP &lt;WEBAT.O> 3RD QTR NET</TITLE>
+<DATELINE>    WESTPORT, Conn., Oct 19 -
+    </DATELINE><BODY>Shr 19 cts vs 38 cts
+    Net 397,000 vs 788,000
+    Nine mths
+    Shr 80 cts vs 1.19 dlrs
+    Net 1,674,000 vs 2,455,000
+    NOTE: Company would not provide assets, deposits, and loans
+figures.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20493" NEWID="20944">
+<DATE>19-OCT-1987 16:31:17.51</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f3075&#31;reute
+f f BC-ARCO-RAISES-CRU   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ARCO RAISES CRUDE OIL PRICES 50 CTS BARREL, TODAY, WTI TO 19.00
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20492" NEWID="20945">
+<DATE>19-OCT-1987 16:30:50.67</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3074&#31;reute
+u f BC-CALNY   10-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PEPSICO UNIT &lt;PEP> LIFTS &lt;CALNY.O> STAKE</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Taco Bell Corp, a unit of Pepsico Inc,
+said it increased its stake in Calny Inc common stock to
+1,349,884 shares, or 27.9 pct of the total outstanding, from a
+previous figure of approximately 1,230,107 shares, or 25.4 pct.
+    In a filing with the Securities and Exchange Commission,
+Taco Bell said it bought 119,867 Calny common shares on October
+15 and 16 at 10.75 dlrs a share.
+    No reason was given for the recent purchases.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20491" NEWID="20946">
+<DATE>19-OCT-1987 16:30:11.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f3073&#31;reute
+d f BC-MACYRO-GROUP-(MYO.M)   10-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MACYRO GROUP &lt;MYO.M> BUYS COMPANIES</TITLE>
+<DATELINE>     L'Ange-Gardien, Que., Oct 19 - </DATELINE><BODY>Groupe Macyro Inc said it
+agreed to buy two Quebec construction wholesalers, (Nap Dumont
+(1982) Ltd) and (Nap Transport Cie Ltd) for 3.5 mln dlrs.
+     Macyro said the two companies operate in the construction
+material, electiricty, plumbing, hardware and locksmithing
+sectors and had sales of 23.5 mln dlrs last year.              
+ 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20490" NEWID="20947">
+<DATE>19-OCT-1987 16:30:05.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3072&#31;reute
+r f BC-CTS-CORP-&lt;CTS>-3RD-QT   10-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CTS CORP &lt;CTS> 3RD QTR OPER NET</TITLE>
+<DATELINE>    ELKHART, Ind., Oct 19 -
+    </DATELINE><BODY>Oper shr profit 62 cts vs profit seven cts
+    Oper net profit 3,492,000 vs profit 401,000
+    Revs 62.8 mln vs 62.0 mln
+    Nine mths
+    Oper shr profit 1.26 dlrs vs loss 42 cts
+    Oper net profit 7,131,000 vs loss 2,344,000
+    Revs 190.3 mln vs 180.0 mln
+    NOTE: 1986 period ended September 28. Results exclude
+extraordinary gain from net loss carryforward of 228,000 dlrs
+or three cts a shr in the 1987 3rd qtr and 1,043,000 dlrs or 18
+cts in the 1987 nine mths. 1986 nine mth results exclude
+earnings from discontinued operations of 7,549,000 dlrs or 1.34
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20489" NEWID="20948">
+<DATE>19-OCT-1987 16:29:10.03</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f3068&#31;reute
+f f BC-German-Finance   10-19 0018</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>German Finance Ministry confident of maintaining currency stability at around current levels - spokesman
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20488" NEWID="20949">
+<DATE>19-OCT-1987 16:28:16.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f3065&#31;reute
+r f BC-AMCA   10-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMCA INTERNATIONAL &lt;AIL> 3RD QTR LOSS</TITLE>
+<DATELINE>    TORONTO, Oct 19 -
+    </DATELINE><BODY>Shr loss two cts vs loss 1.79 dlrs
+    Net profit 4,959,000 vs loss 56.2 mln
+    Revs 290.3 mln vs 245.0 mln
+    Nine mths
+    Shr loss 75 cts vs loss 1.78 dlrs
+    Net loss 9,390,000 vs loss 44.2 mln
+    Revs 800.8 mln vs 838.6 mln
+    NOTE: Full name is AMCA International Ltd. Results in U.S.
+dlrs. Latest qtr earnings include pension refund of 10 mln
+dlrs, representing loss of two cts per shr after payment of
+preferred dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20487" NEWID="20950">
+<DATE>19-OCT-1987 16:28:07.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3064&#31;reute
+b f BC-MORRISON-KNUDSE   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MORRISON KNUDSEN CORP 3RD QTR OPER SHR LOSS 2.51 DLRS VS PROFIT 94 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20486" NEWID="20951">
+<DATE>19-OCT-1987 16:28:01.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3063&#31;reute
+b f BC-POLAROID-CORP-3   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>POLAROID CORP 3RD QTR SHR 39 CTS VS 39 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20485" NEWID="20952">
+<DATE>19-OCT-1987 16:25:49.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3053&#31;reute
+r f BC-U.S.-CHAMBER-SAYS-STO   10-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CHAMBER SAYS STOCK DROP HAS RUN COURSE</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>The U.S. Chamber of Commerce, in a
+statement, said the phenomenal sell-off in the stock market is
+very likely to have run its course.
+    The chamber said "there is no justification for such a
+dramatic downward correction."
+    While conceding that there is some justifiable concern
+about inflation, higher interest rates and a lower dollar,
+these uncertainties have been overcompensated for over recent
+weeks, the Chamber said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20484" NEWID="20953">
+<DATE>19-OCT-1987 16:24:47.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3048&#31;reute
+h f BC-PAR-PHARMACEUTICAL-&lt;P   10-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAR PHARMACEUTICAL &lt;PRX> GETS APPROVAL FOR DRUG</TITLE>
+<DATELINE>    SPRING VALLEY, N.Y., Oct 19 - </DATELINE><BODY>Par Pharmaceutical Inc said
+it received approval from the Food and Drug Administration on
+two applications to manufacture and market the generic drug
+Leucovorin Calcium in tablet form.
+    Par said it would begin to market the drug in dosage
+strengths of five mg and 25 mg.
+    Leucovorin calcium is the generic name for Wellcovorin, a
+product of &lt;Burroughs Wellcome Co> used as an adjunct to cancer
+therapy, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20483" NEWID="20954">
+<DATE>19-OCT-1987 16:24:01.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3046&#31;reute
+w f BC-VALLEY-CAPITAL-CORP-&lt;   10-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VALLEY CAPITAL CORP &lt;VCCN.O> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Shr 1.17 dlrs vs 80 cts
+    Net 5,500,000 vs 3,500,000
+    Nine months
+    Shr 3.30 dlrs vs 2.10 dlrs
+    Net 15.1 mln vs 9.2 mln
+    Assets 1.6 billion vs 1.4 billion
+    Deposits 1.3 billion vs 1.1 billion
+    Loans 947.0 mln vs 822.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20482" NEWID="20955">
+<DATE>19-OCT-1987 16:23:56.07</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f3045&#31;reute
+r f PM-YUGOSLAVIA   10-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAV ECONOMIC PLAN SEEN FACING HURDLES</TITLE>
+<AUTHOR>    By Andrej Gustincic</AUTHOR>
+<DATELINE>    BELGRADE, Oct 19 - </DATELINE><BODY>Yugoslavia's ambitious economic recovery
+and anti-inflation plan faces major hurdles before it can be
+implemented, Yugoslav economists and Western diplomats said.
+    Prime Minister Branko Mikulic on Monday proposed new taxes
+hitting high income earners, moonlighters, property and
+interest on savings as part of new government plans to rein in
+the country's 123 pct inflation.
+    He also proposed price and wage restraint and the trimming
+of repayments on the 20 billion dlr foreign debt in line with
+currency earning abiltiy.
+    "The taxes will anger many Yugoslavs struggling with
+soaring prices and will be resisted in Parliament," a Western
+diplomatic source said. Yugoslav economists said Mikulic's
+draft plans left many questions unanswered.
+    "It was a list of goals, not concrete measures," said a
+senior Yugoslav economist at a leading Yugoslav research
+institute.
+    The state news agency Tanjug was more optimistic. It said
+the proposals indicated "real economic reforms" were coming.
+    Further details of the program, which Mikulic summarised in
+Parliament, are to appear in the days ahead, and the draft has
+to be debated and voted on by deputies in November.
+    "The goals are good," a leading Belgrade economist said.
+"No one can argue with that. But the million dollar question,
+as with all government programs here, is how they will be
+implemented."
+    Zoran Popov, senior research fellow at The Belgrade
+Institute for Industrial Economy said the existing system made
+many of the proposals difficult to put into effect.
+    "A change in the the system of taxation requires changes in
+the constitution," he said. "Mikulic's speech tells us what he
+wants to do, but not how."
+    "It may be anti-inflationary," one diplomat said. "But the
+question is how can you tax a black economy and how will the
+government find out who has two jobs or more than one home."
+    Economists and diplomats said the proposals could be
+resisted by deputies from several of Yugoslavia's constituent
+republics and provinces in defence of regional interests.
+    Such resistance has blocked the nationwide implementation
+of federal government economic policy on many past occasions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20481" NEWID="20956">
+<DATE>19-OCT-1987 16:22:45.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3039&#31;reute
+u f BC-BOLGER-ASKS-FOR-CLEVE   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BOLGER ASKS FOR CLEVELAND-CLIFFS HOLDERS MEETING</TITLE>
+<DATELINE>    CLEVELAND, Oct 19 - </DATELINE><BODY>New Jersey investor David F. Bolger
+said he has delivered requests for a special meeting of
+Cleveland-Cliffs Inc &lt;CLF> shareholders representing more than
+25 pct of the total voting shares in the company.
+    Bolger, who heads a group that owns 6.4 pct of
+Cleveland-Cliff's outstanding stock, said he is seeking the
+special meeting to remove the current board of directors and
+elect his nominees.
+    The Bolger group had called for a special shareholder
+meeting prior to the company's recent issuance of four mln new
+shares, Bolger said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20480" NEWID="20957">
+<DATE>19-OCT-1987 16:22:13.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f3037&#31;reute
+b f BC-ABITIBI-PRICE-I   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ABITIBI-PRICE INC 3RD QTR SHR 45 CTS VS 42 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20479" NEWID="20958">
+<DATE>19-OCT-1987 16:20:54.79</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f3034&#31;reute
+f f BC-German-Finance   10-19 0018</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+****<TITLE>German Finance Ministry confident of maintaining currency stability at around current levels - spokesman
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20478" NEWID="20959">
+<DATE>19-OCT-1987 16:18:15.24</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f3029&#31;reute
+u f BC-U.S.-MILITARY-LEADER   10-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. MILITARY LEADER PREDICTS IRANIAN RESPONSE</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>William Crowe, chairman of the U.S.
+Joint Chiefs of Staff, predicted Iran will retaliate for the
+U.S. strike against its oil platform though he said Iranian
+options were limited.
+    "They will be determined. They will not be easily deterred,
+and let me stress for you that our commitment there is not
+going to be risk free or casualty free."
+    He said the most likely Iranian response would involve
+terrorism or the laying of mines.
+    "They obviously will look for ways that are probably more in
+line with the 'silent hand' than what they have tried thus far,"
+Crowe told an American Stock Exchange conference.
+    He declined comment on a reporter's query whether he
+favored a stronger move against Iran than that ordered by the
+president.
+    "We carried out the operation that was decided upon and we
+carried it out with enthusiasm and I think it was
+professionally and well done," Crowe said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20477" NEWID="20960">
+<DATE>19-OCT-1987 16:17:03.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3027&#31;reute
+r f BC-JEFFERIES-MAKING-MARK   10-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JEFFERIES MAKING MARKET IN ALLEGIS &lt;AEG></TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Jefferies and Co said it is making a
+market in Allegis Corp at 67 to 68.
+    The New York Stock Exchange halted the stock before the
+close at 75 for an order imbalance.
+    A Jefferies official said the firm, which specializes in
+third market trading, is staying open tonight "to accomodate
+our customers."
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20476" NEWID="20961">
+<DATE>19-OCT-1987 16:15:29.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G L 
+&#22;&#22;&#1;f3019&#31;reute
+u f BC-EEP-DAIRY-CATTLE-INIT   10-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EEP DAIRY CATTLE INITIATIVE TO EGYPT WITHDRAWN</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>The U.S. Agriculture Department has
+withdrawn the offers of dairy cattle to Egypt under the Export
+Enhancement Program.
+    The department said the initiative for 10,000 head of dairy
+cattle was announced on September 12, 1986, and sales of 3,501
+head have been approved since that date.
+    The department said it is its objective to complete sales
+within one year after announcing an initiative, and that
+initiatives are continued for over a year only if sufficient
+sales activity occurs.
+    It said it is giving exporters three days notice of the
+withdrawn in keeping with regulations under the program.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20475" NEWID="20962">
+<DATE>19-OCT-1987 16:14:48.54</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM F 
+&#22;&#22;&#1;f3018&#31;reute
+d f BC-MERITOR-SAVINGS-&lt;MTOR   10-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERITOR SAVINGS &lt;MTOR.O> DEBT AFFIRMED BY S/P</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Standard and Poor's Corp said it
+affirmed at 100 mln dlrs of subordinated debt at B-plus and
+certificates of deposit at BB/B.
+    S and P cited the firm's restructuring which resulted in a
+380 mln dlr third quarter loss. The loss was primarily due to
+the amortization of 330 mln dlrs of goodwill, the agency said.
+It added that amortization does not affect tangible net worth
+and is considered a reflection of economic reality.
+    Goodwill remains a high part of total equity and capital
+levels remain weak. The below-average core profitability should
+be enhanced by the firm's business focus, S and P said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20474" NEWID="20963">
+<DATE>19-OCT-1987 16:14:37.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V F RM 
+&#22;&#22;&#1;f3017&#31;reute
+b f BC-QT8916   10-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALL STREET SUFFERS WORST EVER SELLOFF</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Wall Street tumbled to its worst point
+loss ever and the worst percentage decline since the First
+World War as a frenzy of stock selling stunned even the most
+bearish market participants. "Everyone is in awe and the word
+'crash' is on everyone's mind," one trader said.
+    The Dow Jones industrial average fell 508 points to 1738, a
+level it has not been at since the Autumn of 1986.
+    Volume soared to 603 mln shares, almost doubling the
+previous record of 338 mln traded just last Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20473" NEWID="20964">
+<DATE>19-OCT-1987 16:13:52.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3015&#31;reute
+b f BC-/NYSE-TO-HOLD-PRESS-C   10-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE TO HOLD PRESS CONFERENCE</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>The New York Stock Exchange said it will
+hold a press conference at 16:20 EDT.
+    The exchange released no further details.
+    The Dow Jones industrial average fell over 500 points in
+trading on Monday, exceeding the Oct 28, 1929 decline that
+heralded the Great Depression.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20472" NEWID="20965">
+<DATE>19-OCT-1987 16:13:36.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f3013&#31;reute
+h f BC-FORTUNE-FINANCIAL-&lt;FO   10-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FORTUNE FINANCIAL &lt;FORF.O> EXTENDS REPURCHASE</TITLE>
+<DATELINE>    CLEARWATER, Fla., Oct 19 - </DATELINE><BODY>Fortune Financial Group Inc said
+it extended its stock repurchase program for an additional six
+months.
+    The program, which began last April, will extend to April
+16, 1988, the company said.
+    Last April the board authorized the repurchase of up to
+400,000 common shares, of which 111,200 were repurchased, the
+company said.
+    The company said it may purchase another 288,800 shares in
+the open market.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20471" NEWID="20966">
+<DATE>19-OCT-1987 16:08:24.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2999&#31;reute
+b f BC-PACIFIC-STOCK-EXCHANG   10-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PACIFIC STOCK EXCHANGE TO CLOSE EARLY</TITLE>
+<DATELINE>     SAN FRANCISCO, Oct 19 - </DATELINE><BODY>The Pacific Stock Exchange said it
+plans to close at 1300 pdt rather than at its normal closing
+time of 1330 pdt because of the extraordinary volume of
+transactions.
+    The exchange also said it will use a closing rotation in
+all equity options series in order to determine a single
+closing price for the day and to match all outstnding market
+orders.
+    Daily trading volume normally totals between 8-1/2 and nine
+mln shares, an exchange spokesman said, adding, volume totaled
+about eight mln shares one and one-half hours ago.
+    "There's a lot of anxiety of course, but no panic," stock
+exchange spokesman Don Alexander said of the trading activity.
+    "I think everybody's holding up under the situation very
+well."
+    The stock market suffered its worst setback in history on
+Monday. After the close of trading the New York Stock Exchange
+said preliminary figures indicated a record 507.99 point drop
+in the Dow Jones Industrial average.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20470" NEWID="20967">
+<DATE>19-OCT-1987 16:07:52.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2996&#31;reute
+r f BC-AMETEK-&lt;AME>-TO-BUY-S   10-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMETEK &lt;AME> TO BUY STOCK, REVIEW DIVIDEND</TITLE>
+<DATELINE>    PAOLI, Pa., oct 19 - </DATELINE><BODY>Ametek Inc said its board approved a
+program to purchase the company's stock.
+    It also announced directors will review increasing the
+quarterly dividend at their regular November meeting,
+considering a payment of 15 cts a share on the recently split
+stock. Ametek said this would be equal to 30 cts a share on the
+present shares, up from the 25 cts quarterly paid previously.
+    The company provided no details on its stock repurchase
+program. It noted such purchases have been made from
+time-to-time in the past.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20469" NEWID="20968">
+<DATE>19-OCT-1987 16:07:45.27</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2995&#31;reute
+d f BC-SPECIALTY-COMPOSITES   10-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPECIALTY COMPOSITES CORP &lt;SPCM.O> 3RD QTR NET</TITLE>
+<DATELINE>    NEWARK, Del., Oct 19 -
+    </DATELINE><BODY>Shr 11 cts vs nine cts
+    Net 105,489 vs 88,929
+    Revs 2,306,697 vs 2,066,636
+    Nine mths
+    Shr 17 cts vs 14 cts
+    Net 167,960 vs 136,856
+    Revs 6,714,468 vs 6,026,343
+    NOTE: 1987 qtr and nine mths includes tax gain 64,200 dlrs
+and 102,200 dlrs, respectively. 1986 qtr and nine mths includes
+tax gain 78,000 dlrs and 107,000 dlrs, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20468" NEWID="20969">
+<DATE>19-OCT-1987 16:07:05.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2993&#31;reute
+a f BC-BULCAN-CORP-&lt;BUL>-3RD   10-19 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BULCAN CORP &lt;BUL> 3RD QTR NET</TITLE>
+<DATELINE>    CINCINNATI, Oct 19 -
+    </DATELINE><BODY>Shr five cts vs seven cts
+    Net 80,642 vs 115,222
+    Revs 7,833,570 vs 5,739,443
+    Nine mths
+    Shr five cts vs 1.11 dlrs
+    Net 80,773 vs 1,743,828
+    Revs 21.6 mln vs 16.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20467" NEWID="20970">
+<DATE>19-OCT-1987 16:06:14.30</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2990&#31;reute
+f f BC-NYSE-TAPE-WAS-D   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE TAPE WAS DELAYED TWO HOURS, 10 MINUTES AT THE CLOSING BELL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20466" NEWID="20971">
+<DATE>19-OCT-1987 16:03:16.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2980&#31;reute
+s f BC-ELI-LILLY-AND-CO-&lt;LLY   10-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELI LILLY AND CO &lt;LLY> REG QTLY DIV</TITLE>
+<DATELINE>    INDIANAPOLIS, IND., Oct 19 -
+    </DATELINE><BODY>Qtly div 50 cts vs 50 cts prior
+    Pay December 10
+    Record November 13
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20465" NEWID="20972">
+<DATE>19-OCT-1987 16:02:25.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2976&#31;reute
+r f BC-CHEMED-CORP-&lt;CHE>-3RD   10-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMED CORP &lt;CHE> 3RD QTR NET</TITLE>
+<DATELINE>    CINCINNATI, Ohio, Oct 19 -
+    </DATELINE><BODY>Primary shr 68 cts vs 65 cts
+    Diluted shr 62 cts vs 60 cts
+    Net 6,053,000 vs 5,803,000
+    Revs 101.4 mln vs 94.8 mln
+    Primary avg shrs 8,955,000 vs 8,963,000
+    Diluted avg shrs 11,031,000 vs 11,010,000
+   
+    Nine months
+    Primary shr 1.74 dlrs vs 1.83 dlrs
+    Diluted shr 1.64 dlrs vs 1.69 dlrs
+    Net 15.6 mln vs 16.3 mln
+    Revs 291.4 mln vs 266.7 mln
+    Primary avg shrs 8,974,000 vs 8,936,000
+    Diluted avg shrs 11,053,000 vs 10,994,000
+    NOTE: 1986 third qtr results exclude extraordinary 811,000
+dlr gain from termination of a pension plan. 1986 nine month
+results include 1,804,000 dlr gain from June 1986 sale of
+National Sanitary Supply common stock in an initial offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20464" NEWID="20973">
+<DATE>19-OCT-1987 16:02:20.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2975&#31;reute
+d f BC-WALTHAM-CORP-&lt;WLBK.O>   10-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WALTHAM CORP &lt;WLBK.O> 3RD QTR NET</TITLE>
+<DATELINE>    WALTHAM, Mass., Oct 19 -
+    </DATELINE><BODY>Shr 27 cts vs 21 cts
+    Net 988,000 vs 784,000
+    Nine mths
+    Shr 82 cts
+    Net 3,040,000 vs 2,089,000
+    Assets 284.2 mln vs 244.0 mln
+    Loans 203.7 mln vs 133.5 mln
+    Deposits 211.7 mln vs 179.5 mln
+    NOTE: 1986 nine mths per share not available because bank
+did not convert to stock form until May 22, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20463" NEWID="20974">
+<DATE>19-OCT-1987 16:02:14.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2974&#31;reute
+h f BC-NATIONAL-BANC-OF-COMM   10-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL BANC OF COMMERCE CO &lt;NBCC.O> 3RD QTR</TITLE>
+<DATELINE>    CHARLESTON, W. Va., Oct 19 -
+    </DATELINE><BODY>Shr 41 cts vs 47 cts
+    Net 1,002,000 vs 931,000
+    Avg shrs 2,452,171 vs 1,975,422
+    Nine mths
+    Shr 1.23 dlrs vs 1.41 dlrs
+    Net 3,014,000 vs 2,776,000
+    Avg shrs 2,444,591 vs 1,967,539
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20462" NEWID="20975">
+<DATE>19-OCT-1987 16:02:09.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2973&#31;reute
+h f BC-EDAC-TECHNOLOGIES-COR   10-19 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EDAC TECHNOLOGIES CORP &lt;EDAC.O> 3RD QTR NET</TITLE>
+<DATELINE>    MILWAUKEE, Wis., Oct 9 -
+    </DATELINE><BODY>Shr three cts vs two cts
+    Net 109,000 vs 67,000
+    Sales 11.3 mln vs 11.3 mln
+    Nine mths
+    Shr seven cts vs 99 cts
+    Net 221,000 vs 3,213,000
+    Sales 30.6 mln vs 35.9 mln
+    Order backlog 22.7 mln vs 13.5 mln
+    Note: 1986 figures include life insurance proceeds of 2.5
+mln dlr or 78 cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20461" NEWID="20976">
+<DATE>19-OCT-1987 16:01:46.72</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2970&#31;reute
+d f BC-AUTOTROL-CORP-&lt;AUTR.O   10-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUTOTROL CORP &lt;AUTR.O> 3RD QTR NET</TITLE>
+<DATELINE>    MILWAUKEE, WIS., Oct 19 -
+    </DATELINE><BODY>Shr profit 22 cts vs loss 22 cts
+    Net profit 430,373 vs loss 433,395
+    Sales 7,723,838 vs 6,219,157
+    Nine mths
+    Shr profit 49 cts vs loss 1.20 dlrs
+    Net profit 960,008 vs loss 2,338,286
+    Sales 23.2 mln vs 19.9 mln
+    NOTE: 1986 data restated to reflect operations discontinued
+in 1986
+    1986 earnings exclude loss from discontinued operations of
+319,055 dlrs, or 16 cts a share in the quarter and 906,962
+dlrs, or 46 cts a share for the nine months
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20460" NEWID="20977">
+<DATE>19-OCT-1987 16:01:18.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2967&#31;reute
+h f BC-ALLIED-SIGNAL,-ENERGY   10-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL, ENERGY CONVERSION IN AGREEMENT</TITLE>
+<DATELINE>    TROY, Mich, Oct 19 - </DATELINE><BODY>Allied-Signal Aerospace Co, a unit of
+Allied-Signal Inc &lt;ALD>, and Ovonic Imaging Systems Inc signed
+an agreement to develop full color, liquid crystal, active
+matrix flat panel display for use in cockpit instrument display
+systems, Ovonic Imaging said.
+    The display systems are for use in airplanes and
+spacecraft.
+    Under the agreement, Ovonic, a unit of Energy Conversion
+Devices Inc &lt;ENER.O>, will receive payments of about 4.5 mln
+dlrs over two year based upon completion of certain development
+milestones.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20459" NEWID="20978">
+<DATE>19-OCT-1987 16:00:21.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2964&#31;reute
+u f BC-BALANCES   10-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TREASURY BALANCES AT FED ROSE ON OCTOBER 16</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Treasury balances at the Federal
+Reserve rose on October 16 to 12.813 billion dlrs from 9.985
+billion dlrs on the previous business day, the Treasury said in
+its latest budget statement.
+    Balances in tax and loan note accounts rose to 28.398
+billion dlrs from 28.117 billion dlrs on the same respective
+days.
+    The Treasury's operating cash balance totaled 41.211
+billion dlrs on October 16 compared with 38.102 billion dlrs on
+October 15.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20458" NEWID="20979">
+<DATE>19-OCT-1987 16:00:11.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2963&#31;reute
+u f BC-STRATUS-COMPUTER-INC   10-19 0039</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+STRATUS COMPUTER INC &lt;STRA.O> 3RD QTR NET
+    shr 26 cts vs 18 cts
+    net 5,281,000 vs 3,496,000
+    rev 48.8 mln vs 32.1 mln
+    nine mos
+    shr 64 cts vs 51 cts
+    net 12,852,000 vs 9,822,000
+    rev 129.0 mln vs 89.2 mln            
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20457" NEWID="20980">
+<DATE>19-OCT-1987 15:58:09.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2959&#31;reute
+f f BC-DOW-JONES-INDUS   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW JONES INDUSTRIAL AVERAGE FALLS 500 POINTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20456" NEWID="20981">
+<DATE>19-OCT-1987 15:56:33.67</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A Y RM 
+&#22;&#22;&#1;f2956&#31;reute
+r f AM-GULF-AMERICAN-3RDLD URGENT  10-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. FORCES DESTROYED OIL RIG, RAIDED ANOTHER</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>U.S. warships destroyed an Iranian oil
+platform in the Gulf on Monday and the Navy also raided a
+second oil rig in retaliation for Friday's Iranian missile
+attack on a U.S. flag tanker, the Pentagon said.
+    President Reagan and Defense Secretary Caspar Weinberger
+warned Iran of even stronger countermeasures if the military
+escalation between the two countries continued in the volatile
+waterway.
+    Reagan said he ordered the strike on the first platform by
+four U.S. destroyers, which fired about 1,000 five-inch shells
+at the Rostam oil rig 120 miles east of Bahrain in the central
+Gulf.
+    A short time later, Navy personnel boarded a second Iranian
+oil platform about five miles to the north and destroyed radar
+and communications equipment before leaving the structure, the
+Pentagon said.
+     Defense Department spokesman Fred Hoffman told reporters
+that the second platform had been abandoned by Iranian
+personnel during the shelling and destruction of the first rig.
+    The United States said both platforms were being used to
+keep track of Gulf merchant shipping and to launch speedboat
+attacks on such shipping by Iranian Revolutionary guards.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20455" NEWID="20982">
+<DATE>19-OCT-1987 15:55:07.51</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2951&#31;reute
+d f BC-GULF-AND-WESTERN-&lt;GW>   10-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GULF AND WESTERN &lt;GW> TO ACQUIRE BRITISH COMPANY</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Gulf and Western Inc's publishing unit,
+Simon and Schuster, said it agreed in principle to acquire
+&lt;Woodhead-Faulkner (Publishers) Ltd>, a British-based publisher
+of professional and consumer books, for undisclosed terms.
+    Upon completion of the proposed transaction,
+Woodhead-Faulkner will become part of Simon and Schuster's
+International Group, which in the U.K. includes Simon and
+Schuster trade books, and Prentice Hall academic texts.
+    Simon and Schuster said that Woodhead-Faulkner will
+continue to publish under that name.
+    The company will continue to be under the direction of
+Martin Woodhead, who will report to Henry Hirschberg, president
+of Simon and Schuster's International Group.
+    Woodhead-Faulkner, founded in 1972, publishes international
+banking, finance, and investment books.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20454" NEWID="20983">
+<DATE>19-OCT-1987 15:54:14.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2948&#31;reute
+d f BC-CNB-BANCSHARES-INC-&lt;C   10-19 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CNB BANCSHARES INC &lt;CNBE.O> 3RD QTR NET</TITLE>
+<DATELINE>    EVANSVILLE, IND., Oct 19 -
+    </DATELINE><BODY>Shr 52 cts vs 45 cts
+    Net 2,623,000 vs 2,256,000
+    Nine mths
+    Shr 1.55 dlrs vs 1.45 dlrs
+    Net 7,744,000 vs 6,542,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20453" NEWID="20984">
+<DATE>19-OCT-1987 15:54:04.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2947&#31;reute
+h f BC-NATIONAL-SANITARY-SUP   10-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL SANITARY SUPPLY CO &lt;NSSX.O> 3RD QTR</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 -
+    </DATELINE><BODY>Shr 16 cts vs 14 cts
+    Net 954,000 vs 777,000
+    Revs 24.7 mln vs 21.5 mln
+    Avg shrs 6,000,000 vs 6,000,000
+    Nine mths
+    Shr 39 cts vs 34 cts
+    Net 2,314,000 vs 1,805,000
+    Revs 69.2 mln vs 59.3 mln
+    Avg shrs 6,000,000 vs 5,363,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20452" NEWID="20985">
+<DATE>19-OCT-1987 15:52:29.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2941&#31;reute
+d f BC-CULP-&lt;CULP.O>-SEES-LO   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CULP &lt;CULP.O> SEES LOWER SECOND QUARTER</TITLE>
+<DATELINE>    HIGH POINT, N.C., Oct 19 - </DATELINE><BODY>Culp Inc, citing lower margins,
+said it expects income from operations in its second quarter
+ending October 31 to be lower than in the same year-ago period.
+    But Culp said that due to a capital gain from the sale of
+its Culp Industrial Fabrics unit, net income for the quarter
+should be higher than the 1.5 mln dlrs, or 35 cts per share, it
+earned in the 1986 third quarter.
+    Culp also said it expects it will be difficult in its
+current fiscal year to match the 5.2 mln dlrs it earned for the
+year ended May 2, 1987, even if it included the capital gain
+from the sale of the division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20451" NEWID="20986">
+<DATE>19-OCT-1987 15:52:10.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE><D>wilson</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E A RM 
+&#22;&#22;&#1;f2939&#31;reute
+u f BC-CANADA'S-WILSON-SAYS   10-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA'S WILSON SAYS ECONOMY SOUND</TITLE>
+<DATELINE>    OTTAWA, Oct 19 - </DATELINE><BODY>Canada's economy is strong and the outlook
+ remains positive despite the sharp fall of stock prices on
+Canadian and other exchanges, Finance Minister Michael Wilson
+told the House of Commons.
+    "I look with some confidence in the performance in the
+economy...I think we have a sound economy in Canada," Wilson
+said in response to opposition party questions.
+    Wilson, noting the relative stability in the Canadian
+exchange and bond markets, rejected opposition demands to take
+some form of action.         
+    "There has been both quite good stability in both the
+(currency) exchange and bond markets this morning and I don't
+see any reason why we should try to take action that's
+anticipating somethnng which might not happen," Wilson said.
+    The Canadian dollar held steady around the 77 U.S. mark
+today while the Toronto Stock Exchange's composite index was
+off 292.20 points to 3,306.40 in late trading Monday.          
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20450" NEWID="20987">
+<DATE>19-OCT-1987 15:51:05.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f2936&#31;reute
+d f BC-S.-AFRICA-MINING-HOUS   10-19 0122</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S. AFRICA MINING HOUSE REPORTS HUGE STRIKE LOSSES</TITLE>
+<DATELINE>    JOHANNESBURG, Oct 19 - </DATELINE><BODY>A major South African mining house
+on Monday reported two of its gold mines suffered huge losses
+as a result of a black miners' strike in August which crippled
+about half the country's crucial gold mines.
+    Johannesburg Consolidated Investment Company, one of the
+six major mining houses, said the two mines suffered a combined
+net loss of 9.7 mln dlrs in the three months to end-September
+compared with a profit of 8.6 mln dlrs in the preceding
+quarter.
+    It was the first indication of the real economic impact of
+the biggest wage strike in the history of the gold mining
+industry, which accounts for nearly half the value of South
+Africa's total exports.
+    "The results were pretty disastrous, primarily due to the
+impact of the strike," Ken Maxwell, head of Johannesburg
+Consolidated's gold division, told a news conference in
+Johannesburg.
+    "We haven't recovered from the strike yet," he said, adding
+that 70 percent of underground mining at the group's biggest
+mine, Randfontein Estates, was halted by the three-week strike.
+    Johannesburg Consolidated and its controlling company, the
+giant Anglo American Corp., were hard-hit by the three-week
+miners' strike, but refused to disclose production losses.
+    Anglo American is due to report its quarterly gold-mine
+profits later this week.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20449" NEWID="20988">
+<DATE>19-OCT-1987 15:49:58.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2932&#31;reute
+r f BC-EASTERN-UTILITIES-ASS   10-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTERN UTILITIES ASSOCIATES 3RD QTR NET</TITLE>
+<DATELINE>    BOSTON, Oct 19 -
+    </DATELINE><BODY>Shr 86 cts vs 74 cts
+    Net 11.1 mln vs 8.6 mln
+    Revs 87.7 mln vs 80.5 mln
+    Avg shrs 12,857,904 vs 11,578,259
+    Nine mths
+    Shr 2.61 dlrs vs 2.15 dlrs
+    Net 32.6 mln vs vs 24.8 mln
+    Revs 269.8 mln vs 257.8 mln
+    Avg shrs 12,482,780 vs 11,502,035
+    12 mths
+    Shr 3.28 dlrs vs 2.80 dlrs
+    Net 40.3 mln vs 32.1 mln
+    Revs 355.4 mln vs 342.1 mln
+    Avg shrs 12,271,220 vs 11,457,028
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20448" NEWID="20989">
+<DATE>19-OCT-1987 15:49:40.81</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>luxembourg</D><D>usa</D><D>france</D><D>uk</D><D>west-germany</D><D>spain</D></PLACES>
+<PEOPLE><D>yeutter</D><D>de-clercq</D></PEOPLE>
+<ORGS><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2929&#31;reute
+r f AM-COMMUNITY-TRADE   10-19 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC, U.S. PLAN HIGH-LEVEL TRADE TALKS</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 19 - </DATELINE><BODY>The European Community is willing to
+offer limited concessions to the United States on one of two
+major issues which threaten to poison their trade relations
+next year, an EC commission spokesman said.
+    He said the offer would be made at a meeting later this
+month between U.S. Trade Representative Clayton Yeutter and EC
+External Relations Commissioner Willy de Clercq.
+    EC Farm Commissioner Frans Andriessen told agriculture
+ministers meeting in Luxembourg that the EC is willing to make
+some temporary arrangements to lighten the impact on U.S.
+Exports of an EC plan to ban the sales of meat from animals fed
+with growth hormones, the spokesman said.
+    Washington has said it will take trade reprisals if the EC
+proceeds with the ban from January 1 and if European countries
+do not quickly cut back what it sees as unfair subsidies to the
+makers of their Airbus airliner which are harming U.S.
+Manufacturers.
+    It claims the hormones ban has no scientific basis and will
+rob it of 130 mln dlrs' worth of exports a year.
+    Diplomatic sources said the Yeutter-de Clercq meeting will
+take place in London and will also involve the aerospace
+ministers of France, Britain, West Germany and Spain, the
+countries involved in the Airbus project.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20447" NEWID="20990">
+<DATE>19-OCT-1987 15:48:37.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2925&#31;reute
+d f BC-FMC-&lt;FMC>-UNIT-WINS-P   10-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FMC &lt;FMC> UNIT WINS PATENT FOR ANTI-ICING FLUID</TITLE>
+<DATELINE>    PHILADELPHIA, Oct 19 - </DATELINE><BODY>FMC Corp said its Marine Colloids
+division was awarded a patent for anti-icing fluids thickened
+with carrageenan seaplant extract.
+    The company said the patent covers glycol-based anti-icing
+solutions containing gel-forming carrageenan in an amount
+sufficient to thicken the fluid and promote its adherence to
+surfaces.
+    FMC said it intends to grant licenses for use of its patent
+to interested chemical producers and equipment users.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20446" NEWID="20991">
+<DATE>19-OCT-1987 15:48:29.74</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>luxembourg</D><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM Y F A 
+&#22;&#22;&#1;f2924&#31;reute
+r f AM-GULF-BRITAIN 1STLD  10-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITAIN BACKS U.S. STRIKE ON IRAN OIL PLATFORM</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 19 - </DATELINE><BODY>British Foreign Secretary Sir Geoffrey
+Howe backed the United States' attack on an Iranian oil
+platform on Monday and said it should not worsen the Gulf
+crisis.
+    "The United States is fully entitled to take military action
+in exercise of rights of self-defense, in the face of the
+imminent threat of further attacks," Howe said in a statement
+issued in London.
+    The United States said its forces destroyed the platform on
+Monday in retaliation for an Iranian missile attack on a U.S.-
+flagged Kuwaiti ship last Friday.
+    Referring to that attack, Howe added, "I trust the Iranians
+will fully understand that continued attacks of this kind will
+only enhance justification for firm action in self-defense."
+    At a press conferenced in Luxembourg during a meeting of
+European Community (EC) ministers, Howe was asked about
+statements from a senior Iranian official who said America was
+now involved in a full-scale war.
+    "It would be profoundly undesirable and quite unjustified
+for Iran to react in that way," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20445" NEWID="20992">
+<DATE>19-OCT-1987 15:45:27.17</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2912&#31;reute
+b f BC-DOW-JONES-FALLS-MORE   10-19 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DOW JONES FALLS MORE THAN 400 POINTS</TITLE>
+<DATELINE>    New York, Oct 19 - </DATELINE><BODY>The Dow Jones Industrial average plunged
+to 1844.97, a 404 point decline in the leading market
+indicator.
+    The last time the Dow index touched the 1840 level was in
+November, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20444" NEWID="20993">
+<DATE>19-OCT-1987 15:44:15.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2911&#31;reute
+d f BC-CITYFED-FINANCIAL-COR   10-19 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITYFED FINANCIAL CORP &lt;CTYF.O> CUTS DIVIDEND</TITLE>
+<DATELINE>    PALM BEACH, Fla., Oct 19 -
+    </DATELINE><BODY>Qtly div one cent vs 10 cts in prior quarter
+    Payable November 16
+    Record November two
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20443" NEWID="20994">
+<DATE>19-OCT-1987 15:44:01.64</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2910&#31;reute
+d f BC-ATT-&lt;T>-SUPPORTS-FCC   10-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> SUPPORTS FCC PLAN ON PRICE CEILINGS</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>American Telephone and Telegraph Co
+said it supported the Federal Communications Commission's (FCC)
+plan to establish price ceilings for ATT long-distance services
+as a replacement for current regulation.
+    The company was responding to an FCC proposal of August 4
+that price caps replace the current rate-of-return regulation,
+which has been in place for the past 20 years.
+   
+    ATT said vigorous competition in the long-distance industry
+has made obsolete rate-of-return, which stipulates that a
+company can earn no more than a fixed rate -- currently 12.2
+pct -- on its investment.
+    The company termed the price cap a "transitional step," and
+said it hoped the FCC would support a program of regulatory
+oversight, which would consist of a streamlined tariff process.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20442" NEWID="20995">
+<DATE>19-OCT-1987 15:43:35.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2908&#31;reute
+f f BC-SIMON-AND-SCHUS   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SIMON AND SCHUSTER TO ACQUIRE WOODHEAD-FAULKNER OF THE U.K. FOR UNDISCLOSED TERMS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20441" NEWID="20996">
+<DATE>19-OCT-1987 15:43:05.49</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2906&#31;reute
+f f BC-PACIFIC-STOCK-E   10-19 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PACIFIC STOCK EXCHANGE SAYS IT WILL CLOSE ONE-HALF HOUR EARLY DUE TO HIGH TRADING VOLUME
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20440" NEWID="20997">
+<DATE>19-OCT-1987 15:42:02.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2903&#31;reute
+f f BC-DOW-FALLS-404-P   10-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW FALLS 404 POINTS TO 1844, LOWEST LEVEL OF THE YEAR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20439" NEWID="20998">
+<DATE>19-OCT-1987 15:41:44.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2902&#31;reute
+d f BC-AFG-INDUSTRIES-&lt;AFG>   10-19 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFG INDUSTRIES &lt;AFG> TO BUY BACK STOCK</TITLE>
+<DATELINE>    IRVINE, Calif., Oct 19 - </DATELINE><BODY>AFG Industries Inc said its board
+authorized management to buy back up to four mln common shares,
+or 15.7 pct of the AFG stock outstanding, from time to time in
+the open market.
+    The company said the action was taken in light of current
+market conditions.
+    It also said the repurchased shares will be returned to
+treasury for general corporate purposes and for use with stock
+option plans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20438" NEWID="20999">
+<DATE>19-OCT-1987 15:41:01.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A F 
+&#22;&#22;&#1;f2896&#31;reute
+r f BC-J.P.-MORGAN-&lt;JPM>-LOW   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.P. MORGAN &lt;JPM> LOWERS LOAN-LOSS PROVISIONS</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>J.P. Morgan and Co Inc said
+third-quarter net income rose 3.6 pct to 219.2 mln dlrs, from
+211.5 mln a year earlier, partly because of reduced loan-loss
+provisions and a lower income tax bill.
+    For the first nine months of the year, however, Morgan
+posted a loss of 140.8 mln dlrs, compared with a profit of
+682.4 mln in the same period of 1986, because it set aside 875
+mln dlrs in reserves in the second quarter against shaky
+third-world loans.
+    The provision for loan losses in the quarter was 20 mln
+dlrs, down from 70 mln a year earlier.
+    Morgan's tax bill was 52.4 mln dlrs in the quarter, down
+from 85.3 mln a year earlier, mainly because of benefits
+associated with the second-quarter loan-loss provision.
+    Net interest earnings fell to 474.3 mln dlrs from 526.5 mln
+as net yield narrowed to 2.71 pct from 3.13 pct and 1.3 billion
+dlrs of Brazilian loans remained on non-accrual.
+    Non-interest operating income was 296 mln dlrs, up from
+292.8 mln. Net charge-offs halved to 16 mln dlrs.
+    Expenses jumped 18 pct to 387.3 mln dlrs, with personnel
+costs accounting for half of the increase. The effect of the
+lower dollar on overseas costs was also a factor.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20437" NEWID="21000">
+<DATE>19-OCT-1987 15:38:19.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2885&#31;reute
+u f BC-CCR-VIDEO&lt;CCCR.O>-GET   10-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCR VIDEO&lt;CCCR.O> GETS OFFER ON TAKEOVER TALKS</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 - </DATELINE><BODY>CCR Video Corp said it received an
+offer to enter into negotiations for &lt;Intercep Investment Corp>
+of Vancouver, B.C., to acquire a controlling interest in the
+company through a tender offer.
+    CCR said the negotiations would determine the terms under
+which the CCR board could support an Intercep tender offer.
+    Additional details were not immediately available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/reuters21578/reut2-021.sgm b/textClassication/reuters21578/reut2-021.sgm
new file mode 100644
index 0000000..66cb98b
--- /dev/null
+++ b/textClassication/reuters21578/reut2-021.sgm
@@ -0,0 +1,16702 @@
+<!DOCTYPE lewis SYSTEM "lewis.dtd">
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20436" NEWID="21001">
+<DATE>19-OCT-1987 15:37:46.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2882&#31;reute
+f f BC-CITYFED-FINANCI   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CITYFED FINANCIAL CORP SAYS IT CUT QTRLY DIVIDEND TO ONE CENT FROM 10 CTS/SHR
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20435" NEWID="21002">
+<DATE>19-OCT-1987 15:35:53.55</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>bahrain</D><D>iran</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2873&#31;reute
+r f AM-GULF-PLATFORM   10-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HUGE OIL PLATFORMS DOT GULF LIKE BEACONS</TITLE>
+<AUTHOR>    By ASHRAF FOUAD</AUTHOR>
+<DATELINE>    BAHRAIN, Oct 19 - </DATELINE><BODY>Huge oil platforms dot the Gulf like
+beacons -- usually lit up like Christmas trees at night.
+    One of them, sitting astride the Rostam offshore oilfield,
+was all but blown out of the water by U.S. Warships on Monday.
+    The Iranian platform, an unsightly mass of steel and
+concrete, was a three-tier structure rising 200 feet (60
+metres) above the warm waters of the Gulf until four U.S.
+Destroyers pumped some 1,000 shells into it.
+    The U.S. Defense Department said just 10 pct of one section
+of the structure remained.
+    U.S. helicopters destroyed three Iranian gunboats after an
+American helicopter came under fire earlier this month and U.S.
+forces attacked, seized, and sank an Iranian ship they said had
+been caught laying mines.
+    But Iran was not deterred, according to U.S. defense
+officials, who said Iranian forces used Chinese-made Silkworm
+missiles to hit a U.S.-owned Liberian-flagged ship on Thursday
+and the Sea Isle City on Friday.
+    Both ships were hit in the territorial waters of Kuwait, a
+key backer of Iraq in its war with Iran.
+    Henry Schuler, a former U.S. diplomat in the Middle East
+now with CSIS said Washington had agreed to escort Kuwaiti
+tankers in order to deter Iranian attacks on shipping.
+    But he said the deterrence policy had failed and the level
+of violence and threats to shipping had increased as a result
+of U.S. intervention and Iran's response.
+    The attack on the oil platform was the latest example of a
+U.S. "tit-for-tat" policy that gave Iran the initiative, said
+Harlan Ullman, an ex-career naval officer now with CSIS.
+    He said with this appraoch America would suffer "the death
+of one thousand cuts."
+    But for the United States to grab the initiative
+militarily, it must take warlike steps such as mining Iran's
+harbors or blockading the mouth of the Gulf through which its
+shipping must pass, Schuler said.
+    He was among those advocating mining as a means of bringing
+Iran to the neogtiating table. If vital supplies were cut off,
+Tehran could not continue the war with Iraq.
+    Ullman said Washington should join Moscow in a diplomatic
+initiative to end the war and the superpowers should impose an
+arms embargo against Tehran if it refused to negotiate.
+    He said the United States should also threaten to mine and
+blockade Iran if it continued fighting and must press Iraq to
+acknowledge responsibility for starting the war as part of a
+settlement.
+    Iranian and Western diplomats say Iraq started the war by
+invading Iran's territory in 1980. Iraq blames Iran for the
+outbreak of hostilities, which have entailed World War I-style
+infantry attacks resulting in horrific casualties.
+    Each side has attacked the others' shipping.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20434" NEWID="21003">
+<DATE>19-OCT-1987 15:34:40.05</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2863&#31;reute
+b f BC-CCR-VIDEO-SAYS   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CCR VIDEO SAYST RECEIVED OFFER TO NEGOTIATE A TAKEOVER BY INTERCEP INVESTMENT CORP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20433" NEWID="21004">
+<DATE>19-OCT-1987 15:32:25.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2855&#31;reute
+b f BC-GM-&lt;GM>-CANADA-UNIT-M   10-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> CANADA UNIT MAJOR OFFER ACCEPTED BY UNION</TITLE>
+<DATELINE>    TORONTO, Oct 19 - </DATELINE><BODY>The Canadian Auto Workers' Union said it
+accepted an economic offer from the Canadian division of
+General Motors Corp &lt;GM> in contract negotiations.
+    But union president Bob White said many local issues at the
+11 plants in Ontario and Quebec still remained unresolved ahead
+of Thursday's deadline for a strike by 40,000 workers.
+    "It minimizes the possibility of a strike," White told
+reporters.
+    However, "if we don't have local agreements settled by
+Thursday, there will be a strike," he said.
+    The local issues still unresolved involved health care,
+skilled trades and job classifications, White said.
+    GM Canada negotiator Rick Curd said he believed a strike
+would be avoided.
+    "Even though there are some tough issues to be resolved
+we're on the right schedule to meet the target," Curd said.
+    "I'm very pleased with the state of the negotiations," he
+said.
+    Union membership meetings have been scheduled for the
+weekend in case a tentative settlement, said White.
+    White said the union has also received assurances that a
+job protection pact negotiated with GM workers in the U.S. does
+not threaten Canadian jobs.
+    The economic offer for a three-year pact largely matches
+agreements at Ford &lt;F> and Chrysler &lt;C> in Canada, which
+include inflation-indexed payments for future retirees and
+fixed annual payments for current retirees.
+    It also gives workers wage increases of three pct
+immediately and 1.5 pct in each of the second and third years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20432" NEWID="21005">
+<DATE>19-OCT-1987 15:32:11.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2854&#31;reute
+u f BC-CANADA-DEVELOPMENT-UN   10-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CANADA DEVELOPMENT UNIT &lt;CDC.TO> REFINANCES</TITLE>
+<DATELINE>    SARNIA, Ontario, Oct 19 - </DATELINE><BODY>Canada Development Corp said its
+&lt;Polysar Ltd> unit completed a refinancing package worth about
+830 mln Canadian dlrs.
+    The company said the financing, which involves 24 banks 
+and four syndicated loans, consists of a 380 mln Canadian dlr
+revolver, a 200 mln Canadian dlr European medium term loan, a
+149 mln Canadian dlr revolver and a 100 mln Canadian dlr
+operating loan.
+    The company said the refinancing will reduce borrowing
+costs, in addition to having other benefits.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20431" NEWID="21006">
+<DATE>19-OCT-1987 15:31:35.28</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>bahrain</D><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C 
+&#22;&#22;&#1;f2849&#31;reute
+u f BC-/DIPLOMATS-CALL-U.S.   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIPLOMATS CALL U.S. ATTACK ON OIL RIG RESTRAINED</TITLE>
+<AUTHOR>    By Ian MacKenzie</AUTHOR>
+<DATELINE>    BAHRAIN, Oct 19 - </DATELINE><BODY>A U.S. attack on an Iranian oil platform
+in the Gulf on Monday appeared to be a tit-for-tat raid
+carefully orchestrated not to be too provocative or upset Arab
+allies, Western diplomats in the region said.
+    U.S. Defence Secretary Caspar Weinberger said Monday that
+U.S. Warships destroyed the oil platform in the southern Gulf
+in response to a missile strike on the American-registered
+Kuwaiti tanker Sea Isle City in Kuwaiti waters on Friday.
+    "We consider the matter closed," he said, a signal the U.S.
+administration did not want the Gulf crisis to escalate.
+    Iran had warned the United States earlier in the day
+against exacerbating the Gulf crisis, saying military action
+would endanger American interests.
+    Following the raid, a okesman for Tehran's War
+Information Headquarters vowed to avenge the attack with a
+"crushing blow."
+    "The United States has entered a swamp from which it can in
+no way get out safely," Tehran Radio quoted him as saying.
+    Diplomats noted, however, Iran was also seeking to avoid
+ostracism by Arab states due to meet at a summit in Amman on
+November 8 and discuss the Iran-Iraq war.
+    Iranian Prime Minister Mir-Hossein Mousavi is currently in
+Damascus, and diplomats said he would seek Syrian help in
+preventing a total Arab breach with Tehran.
+    Further escalation of the war threatening the Gulf Arab
+states could work against Tehran at the Amman gathering, they
+said.
+    "The ball is in Iran's court now. It's up to Tehran to
+respond one way or the other," a diplomat said.
+    President Ronald Reagan warned Iran of stronger American
+countermeasures if the military escalation continued.
+    Western diplomats and military sources in the area said
+shelling the platform appeared to be the least provocative act
+the United States could have taken once it had decided to
+retaliate for the tanker attack, blamed by both the Americans
+and Kuwaitis on Iran.
+    "It's interesting that they chose something in international
+waters because it doesn't implicate any other nation," one
+diplomat said. "This was better for U.S. Relations with the Gulf
+Arab states, particularly Kuwait."
+    Commented another diplomat: "Kuwait must be happy that the
+U.S. Has done something, but relieved that Faw was not attacked
+on its doorstep."
+    One source said of the attack on the oil platform: "They
+managed to warn off the crew and hit something that was the
+least nuisance to everybody."
+    A diplomat commented: "They were very clever in the place
+they chose. It gets attention, but it hasn't devastated
+anything because it wasn't working in the first place."
+    A senior Arab banker in the area said after the news broke:
+"This was a good, measured response without risking a flare-up
+... It is a face-saving response (for the Americans)."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20430" NEWID="21007">
+<DATE>19-OCT-1987 15:30:22.56</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2842&#31;reute
+r f BC-BROWN-DISC-TO-BUY-RHO   10-19 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROWN DISC TO BUY RHONE-POULENC &lt;RHON.PA> UNIT</TITLE>
+<DATELINE>    COLORADO SPRINGS, Colo., Oct 19 - </DATELINE><BODY>Brown Disc Products Co
+Inc, a unit fo Genevar Enterprises Inc, said it has purchased
+the ongoing business, trademarks and certain assets of
+Rhone-Poulenc's Brown Disc Manufacturing unit, for undisclosed
+terms.
+    Rhone-Poulenc is a French-based chemical company.
+    Under the agreement, Rhone-Poulenc will supply magnetic
+tape and media products to Brown Disc Products.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20429" NEWID="21008">
+<DATE>19-OCT-1987 15:28:27.68</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2834&#31;reute
+f f BC-DOW-SINKS-TO-LO   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW SINKS TO LOWEST LEVEL OF THE YEAR, DOWN 370 POINTS TO 1876
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20428" NEWID="21009">
+<DATE>19-OCT-1987 15:27:23.12</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2832&#31;reute
+h f BC-LANE-TELECOMMUNICATIO   10-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LANE TELECOMMUNICATIONS PRESIDENT RESIGNS</TITLE>
+<DATELINE>    HOUSTON, Oct 19 - </DATELINE><BODY>Lane Telecommunications Inc &lt;LNTL.O> said
+Richard Lane, its president and chief operating officer,
+resigned effective Oct 23.
+    Lane founded the company in 1976 and has been its president
+since its inception, the company said.
+    He said he resigned to pursue other business interests.
+    Kirk Weaver, chairman and chief executive officer, said
+Lane's resignation was amicable.
+    No replacement has been named.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20427" NEWID="21010">
+<DATE>19-OCT-1987 15:24:34.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2824&#31;reute
+d f BC-PERKIN-ELMER-&lt;PKN>-WI   10-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERKIN-ELMER &lt;PKN> WINS EPA CONTRACT</TITLE>
+<DATELINE>    NORWALK, Conn., Oct 19 - </DATELINE><BODY>Perkin-Elmer Corp said it won a
+contract to provide laboratory information management systems
+to the Enviromental Protection Agency's 10 regional
+laboratories.
+    The value and the exact duration of the contract was not
+disclosed.
+    The company said the contract will include hardware,
+software, installation, support services, and software analyst
+consultations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20426" NEWID="21011">
+<DATE>19-OCT-1987 15:23:44.84</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2822&#31;reute
+s f BC-WHIRLPOOL-CORP-&lt;WHR>   10-19 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHIRLPOOL CORP &lt;WHR> REG QTLY DIV</TITLE>
+<DATELINE>    BENTON HARBOR, MICH., Oct 19 -
+    </DATELINE><BODY>Qtly div 27-1/2 cts vs 27-1/2 cts prior
+    Pay December 31
+    Record December Four
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20425" NEWID="21012">
+<DATE>19-OCT-1987 15:23:41.70</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2821&#31;reute
+d f BC-CONSOLIDATED-FREIGHTW   10-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CONSOLIDATED FREIGHTWAYS INC &lt;CNF> 3RD QTR NET</TITLE>
+<DATELINE>    PALO ALTO, Calif., Oct 19 -
+    </DATELINE><BODY>Shr 43 cts vs 63 cts
+    Net 16,362,000 vs 24,325,000
+    Revs 589.3 mln vs 549.1 mln
+    Nine Mths
+    Shr 1.40 dlrs vs 1.73 dlrs
+    Net 54,011,000 66,591,000
+    Revs 1.68 1.58 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20424" NEWID="21013">
+<DATE>19-OCT-1987 15:23:36.33</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>iraq</D><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y RM 
+&#22;&#22;&#1;f2820&#31;reute
+u f AM-GULF-FUTURE   10-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LATEST ATTACK SEEN POINTING UP DILEMMAS FOR US</TITLE>
+<AUTHOR>    By CHRISTOPHER HANSON</AUTHOR>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Military experts say the United States
+faces a dilemma in the Gulf following U.S. destruction of an
+Iranian oil platform in retaliation for an attack on a
+U.S.-flagged tanker.
+    The experts told Reuters Tehran holds the initiative and is
+likely to control the tempo and direction of the conflict as
+long as America simply reacts to Iranian attacks by launching
+limited retaliatory strikes.
+    But if Washington seizes the initiative with bolder steps
+-- such as mining Iran's harbors, blockading its shipping, or
+destroying key bases -- it could find itself in a major war.
+    "Iran is in the driver's seat in an absolute sense as the
+cycle of attack and retaliation continues," said Fred Axelgard,
+a Gulf War expert with the private Center for Strategic and
+International Studies (CSIS).
+    "It's like a Greek tragedy," said retired Adm. Eugene Carroll
+of Washington's private Center for Defense Information (CDI)
+think tank.
+    Some Middle East experts say the only way out is for
+Washington to join forces with Moscow in pressing for an end to
+the war between Iran and Iraq.
+    They say it is not feasible for America to withdraw its
+30-ship force from the Gulf area, where the Navy began
+escorting U.S.-flagged Kuwaiti tankers in July. Withdrawal 
+would give the appearance of being chased away by Iran, which
+President Reagan could never accept.
+    U.S. Defense Secretary Caspar Weinberger told a Pentagon
+news conference the destroyers Kidd, Young, Leftwich and Hoel
+fired about 1,000 rounds of five-inch shells at Iran's Rostam
+oil rig 120 miles east of Bahrain beginning at about 1400 Gulf
+time (0700 EDT) on Monday.
+    Weinberger said the platform had been used as a military
+base by Iran and that the attack responded to an Iranian
+Silkworm missile strike on the U.S.-flagged Kuwaiti tanker Sea
+Isle City on Friday.
+    Iranians manning the platform were warned in advance and
+allowed to escape.
+    "We do not seek further confrontation with Iran, but we will
+be prepared to meet any escalation of military action by Iran
+with stronger countermeasures," Weinberger said.
+    "We consider this matter closed," he said.
+    Analysts ranging from the liberal CDI to conservatives
+agreed the U.S. reaction was measured, reasonable and did not
+escalate the conflict unduly. But they said the question was
+whether Iran would consider the matter closed. It had not taken
+this view after earlier clashes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20423" NEWID="21014">
+<DATE>19-OCT-1987 15:23:02.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2817&#31;reute
+d f BC-ROCHESTER-TELEPHONE-C   10-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROCHESTER TELEPHONE CORP &lt;RTC> 3RD QTR NET</TITLE>
+<DATELINE>    ROCHESTER, N.Y., Oct 19 -
+    </DATELINE><BODY>Shr 96 cts vs 87 cts
+    Net 10.8 mln vs 9,671,000
+    Revs 103.9 mln vs 97.5 mln
+    Nine mths
+    Shr 2.73 dlrs vs 2.62 dlrs
+    Net 30.7 mln vs 29.3 mln
+    Revs 325.7 mln vs 302.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20422" NEWID="21015">
+<DATE>19-OCT-1987 15:21:54.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2815&#31;reute
+h f BC-NATIONAL-CITY-&lt;NCTY.O   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL CITY &lt;NCTY.O> UNIT BEGINS NEW SERVICE</TITLE>
+<DATELINE>    CLEVELAND, Oct 19 - </DATELINE><BODY>National City Corp's National City Bank
+unit said it has begun a personal computer-based financial
+management service for small businesses.
+    The service, the InTouch Financial Manager, is based on a
+personal computer system develoed by &lt;Harbinger Comput
+Services> of Atlanta, and is licensed in Ohio by &lt;Money Station
+Inc>, an electronic funds transfer network.
+    National City said the service will allow businesses to use
+a personal computer and a local telephone call to communicate
+with their bank to initiate transactions and to receive data
+anmessages.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20421" NEWID="21016">
+<DATE>19-OCT-1987 15:20:42.71</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2813&#31;reute
+r f BC-SOUTH-CAROLINA-NATION   10-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH CAROLINA NATIONAL CORP &lt;SCNC.O> 3RD QTR</TITLE>
+<DATELINE>    COLUMBIA, S.C., Oct 19 -
+    </DATELINE><BODY>Shr 64 cts vs 55 cts
+    Net 14.0 mln vs 11.8 mln
+    Nine mths
+    Shr 1.83 dlrs vs 1.53 dlrs
+    Net 39.7 mln vs 32.7 mln
+    Assets 4.65 billion vs 4.53 billion
+    Loans 3.24 billion vs 2.92 billion
+    Deposits 3.32 billion vs 3.15 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20420" NEWID="21017">
+<DATE>19-OCT-1987 15:19:34.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2809&#31;reute
+u f BC-MARINE-CORP-&lt;MCOR.O>   10-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARINE CORP &lt;MCOR.O> 3RD QTR NET</TITLE>
+<DATELINE>    SPRINGFIELD, Ill., Oct 19 -
+    </DATELINE><BODY>Shr 30 cts vs 30 cts
+    Net 1,804,000 vs 1,800,000
+    Nine mths
+    Shr 89 cts vs 79 cts
+    Net 5,334,00 vs 4,496,000
+    NOTE: Earnings per share reflect initial public offering of
+534,750 common shares in March 1986 and 2-for-1 stock splits in
+January and June 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20419" NEWID="21018">
+<DATE>19-OCT-1987 15:18:52.46</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2807&#31;reute
+r f BC-STATOIL-AWARDS-VESLEF   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATOIL AWARDS VESLEFRIKK OIL FIELD CONTRACTS</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>Norwegian state oil company Den Norske
+Stats Oljeselskap (Statoil) signed contracts worth a total of
+1.5 billion Norwegian crowns in connection with the development
+of the Veslefrikk oil field, Statoil said.
+    Moss Rosenberg Verft of Stavanger has been awarded a
+contract to convert the the drilling platform West Vision to a
+floating production platform. The work is to be completed in
+the summer of 1989.
+    Aker Verdal has been awarded a contract for the
+engineering, purchasing and construction of the steel jacket
+for the wellhead platform, also to be completed in 1989,
+Statoil said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20418" NEWID="21019">
+<DATE>19-OCT-1987 15:17:20.73</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2798&#31;reute
+h f BC-U.K.-TREASURY-CONFIRM   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.K. TREASURY CONFIRMS BP SALE TO GO AHEAD</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>The British Treasury confirmed that the
+sale of British Petroleum Co Plc will go ahead as planned,
+despite Monday's stock market crash which forced BP below the
+330p a share set for the 7.2 billion stg issue.
+    "The government are not considering terminating the BP
+offer. The offer has been fully underwritten," a Treasury
+spokesman said.
+    The issue, which remains open until October 28, was fully
+underwritten last week when the issue price was set.
+    BP shares closed down 33p at 317p as the FT-SE 100 share
+index crashed a record 249.6 points, more than 10 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20417" NEWID="21020">
+<DATE>19-OCT-1987 15:14:42.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uganda</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2787&#31;reute
+r f AM-UGANDA-EGYPT   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT TO BUILD HOUSING ESTATES AND ROADS FOR UGANDA</TITLE>
+<DATELINE>    KAMPALA, Oct 19 - </DATELINE><BODY>Egypt has agreed to build two housing
+estates and two new roads in Uganda worth a total of 295
+million dollars, Egyptian commercial attache Muhammud el Tahan
+said.
+    He said Egyptian companies will build 8,000 housing units
+in Kampala and reconstruct the roads between Fort Portal and
+Bundibugyo near the Zaire border in western Uganda and between
+Kapchorwa and Swam near Mount Elgon in the east of the country.
+Uganda would repay 70 per cent of the Egyptian Government
+credit to finance the projects in the form of barter goods and
+30 per cent in hard currency, Tahan said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20416" NEWID="21021">
+<DATE>19-OCT-1987 15:12:27.51</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f2781&#31;reute
+f f BC-UNION-ACCEPTS-G   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNION ACCEPTS GM CANADA'S ECONOMIC OFFER - MANY LOCAL ISSUES UNRESOLVED
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20415" NEWID="21022">
+<DATE>19-OCT-1987 15:10:34.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2773&#31;reute
+d f BC-HARMAN-INTERNATIONAL   10-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HARMAN INTERNATIONAL &lt;HIII.O> 1ST QTR SEPT 30</TITLE>
+<DATELINE>     WASHINGTON, Oct 19 -
+    </DATELINE><BODY>Shr 30 cts vs 26 cts
+    Net 2,534,000 vs 1,695,000
+    Revs 98.8 mln vs 67.1 mln
+    Avg shrs 8,447,000 vs 6,563,000
+    NOTE: full name of company is harman international
+industries inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20414" NEWID="21023">
+<DATE>19-OCT-1987 15:10:11.16</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM A 
+&#22;&#22;&#1;f2771&#31;reute
+u f BC-GERMAN-BANKER-CALLS-F   10-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN BANKER CALLS FOR SPECIAL MONETARY MEETING</TITLE>
+<DATELINE>    BONN, Oct 19 - </DATELINE><BODY>Finance ministers from major industrial
+nations should hold a special meeting to deal with the U.S.
+Dollar's sharp decline, Helmut Geiger, president of the West
+German savings bank association, said.
+    Geiger told Reuters: "Finance ministers should meet soon to
+take confidence-building measures to limit the damage caused by
+the dollar's fall."
+    Separately, Geiger told Bild newspaper in an interview
+released ahead of publication on Tuesday that the lower dollar,
+which had been artificially talked down by U.S. officials,
+would damage West German exports and cost jobs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20413" NEWID="21024">
+<DATE>19-OCT-1987 15:07:16.28</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2754&#31;reute
+r f BC-FIRST-BOSTON-&lt;FBC>-ST   10-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST BOSTON &lt;FBC> STRATEGIC REVIEW IS UNDERWAY</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>First Boston Inc said it is conducting a
+strategic review of its operations as part of a general policy
+to periodically evaluate its business plans.
+    The company said it is too early to predict the outcome of
+the review, although it does not expect radical changes in its
+organization.
+    Salomon Inc &lt;SB> last week completed a strategic review
+that resulted in substantial layoffs.
+    Other brokerage firms are either engaged in reviews or have
+made major personnel cutbacks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20412" NEWID="21025">
+<DATE>19-OCT-1987 15:07:01.53</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2752&#31;reute
+f f BC-NYSE-TRADES-MOR   10-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NYSE TRADES MORE THAN 500 MLN SHARES IN RECORD VOLUME
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20411" NEWID="21026">
+<DATE>19-OCT-1987 15:06:04.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2750&#31;reute
+s f BC-FEDERAL-SIGNAL-CORP-&lt;   10-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL SIGNAL CORP &lt;FSS> REG QTLY DIV</TITLE>
+<DATELINE>    OAK BROOK, ILL., Oct 19 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior
+    Pay January Seven
+    Record December 17
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20410" NEWID="21027">
+<DATE>19-OCT-1987 15:06:01.13</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2749&#31;reute
+d f BC-ENTERTAINMENT-MARKETI   10-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENTERTAINMENT MARKETING &lt;EM> HEAD TO BUY SHARES</TITLE>
+<DATELINE>    HOUSTON, Oct 19 - </DATELINE><BODY>Elias Zinn, chairman and chief executive
+of Entertainment Marketing Inc, said he planned to personally
+purchase up to 500,000 shares of Entertaiment Marketing common
+stock from time to time in the open market.
+    Zinn said his purchases would be subject to availability
+and acceptable price levels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20409" NEWID="21028">
+<DATE>19-OCT-1987 15:05:55.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2748&#31;reute
+r f BC-THE-BANKING-CENTER-&lt;T   10-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THE BANKING CENTER &lt;TBCX.O> 3RD QTR NET</TITLE>
+<DATELINE>    WATERBURY, Conn., Oct 19 -
+    </DATELINE><BODY>Shr 25 cts
+    Net 3,081,000 vs 2,063,000
+    Nine months
+    Shr 86 cts
+    Net 10.5 mln vs 6,966,000
+    Assets 1.43 billion vs 1.30 billion
+    Deposits 912.5 mln vs 875.8 mln
+    NOTE: Company converted to a stock savings bank on Aug 13,
+1986.
+    1986 results include operations of Realtech Realtors, which
+was acquired in 1986.
+    1987 results include operations of Burgdorff Realtors,
+acquired in December 1986; Cornerstone Mortgage Co, acquired in
+July 1987; Centerbank Mortgage Co, acquired in July 1987; and
+Center Capital Corp, formed in August 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20408" NEWID="21029">
+<DATE>19-OCT-1987 15:05:50.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2747&#31;reute
+r f BC-ROTO-ROOTER-&lt;ROTO.O>   10-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTO-ROOTER &lt;ROTO.O> SEES IMPROVED 4TH QTR NET</TITLE>
+<DATELINE>    CINCINNATI, Ohio, Oct 16 - </DATELINE><BODY>Roto-Rooter Inc said it expects
+fourth quarter profits to exceed the 22 cts a share reported
+for the final quarter of 1986 and the 23 cts earned in 1987's
+third quarter.
+    It reported the third quarter profit was up  pct from the
+20 cts a share earned during the quarter in 1986. Nine month
+profits were up 23 pct to 64 cts a share from 52 cts last year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20407" NEWID="21030">
+<DATE>19-OCT-1987 15:05:42.30</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2745&#31;reute
+u f BC-CALMAT-&lt;CZM>-SUES-IND   10-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALMAT &lt;CZM> SUES INDUSTRIAL EQUITY</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 - </DATELINE><BODY>CalMat Co said it filed suit in Los
+Angeles Superior Court against Industrial Equity (Pacific) Ltd,
+against certain of its affiliates and against Ronald Langley,
+president of Industrial Equity's North American operations.
+    The company said its sut charges that Langley
+missapropriated material non-public information acquired in his
+capacity as a CalMat director and used the information for the
+benefit of Industrial Equity.
+    According to its more recent amendment to its Schedule 13D,
+Industrial Equity owned about 19.17 pct of CalMat's stock at
+October 14, CalMat said.
+    It said Industrial has also stated that it intends to
+pursue a possible business combination in the near future.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20406" NEWID="21031">
+<DATE>19-OCT-1987 15:05:31.45</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D><D>ussr</D></PLACES>
+<PEOPLE><D>reagan</D><D>verity</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f2743&#31;reute
+r f AM-REAGAN-VERITY   10-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REAGAN CALLS FOR VIGILANCE ON CERTAIN EXPORTS</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>President Reagan said the Commerce
+Department should be vigilant in preventing the flow of
+strategic technology from reaching the the Soviet Union and
+other communist countries.
+    He was speaking at the swearing in of C. William Verity as
+Secretary of the Commerce Department.
+    Verity said the U.S. should make certain that militarily
+sensitive high technology does not wind up in communist
+nations. But he also said the U.S. must reduce the list of
+products of a nontechnological nature, thereby allowing
+manufacturers to increase exports and jobs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20405" NEWID="21032">
+<DATE>19-OCT-1987 15:02:51.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2726&#31;reute
+d f BC-WATTS-INDUSTRIES-INC   10-19 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WATTS INDUSTRIES INC &lt;WATTA.O> 1ST QTR SEPT 27</TITLE>
+<DATELINE>    ANDOVER, Mass., Oct 19 -
+    </DATELINE><BODY>Shr 36 cts vs 27 cts
+    Net 4,538,000 vs 3,160,000
+    Sales 41.8 mln vs 32.8 mln
+    Avg shrs 12.6 mln vs 11.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20404" NEWID="21033">
+<DATE>19-OCT-1987 15:01:06.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2712&#31;reute
+h f BC-WHIRLPOOL-&lt;WHR>-NAMES   10-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WHIRLPOOL &lt;WHR> NAMES NEW CHAIRMAN</TITLE>
+<DATELINE>    BENTON HARBOR, MICH., Oct 19 - </DATELINE><BODY>Whirlpool Corp said it named
+David Whitwam to the additional position of chairman, effective
+December One, replacing Jack Sparks, who retires November 30.
+    It said Whitwam was elected president and chief executive
+officer effective July One.
+    Sparks will continue to serve on Whirlpool's board of
+directors as chairman of the finance committee.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20403" NEWID="21034">
+<DATE>19-OCT-1987 14:59:03.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2706&#31;reute
+h f BC-MONITERM-CORP-&lt;MTRM.O   10-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONITERM CORP &lt;MTRM.O> 3RD QTR OPER NET</TITLE>
+<DATELINE>    MINNETONKA, MINN., Oct 19 -
+    </DATELINE><BODY>Oper shr profit 13 cts vs nil
+    Oper net profit 612,806 vs profit 2,363
+    Sales 8,317,933 vs 2,823,243
+    Nine mths
+    Oper shr profit 32 cts vs loss four cts
+    Oper net profit 1,464,338 vs loss 161,315
+    Sales 20.3 mln vs 8,241,463
+    NOTE: 1987 earnings exclude gains from utilization of tax
+loss carryforwards of 321,980 dlrs, or seven cts a share in the
+quarter and 772,285 dlrs, or 17 cts a share for the nine months
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20402" NEWID="21035">
+<DATE>19-OCT-1987 14:57:51.62</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2700&#31;reute
+h f BC-SEEQ-&lt;SEEQD.O>,-NATIO   10-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEEQ &lt;SEEQD.O>, NATIONAL SEMI &lt;NSM> IN ACCORD</TITLE>
+<DATELINE>    SANTA CLARA, Calif., Oct 19 - </DATELINE><BODY>Seeq Technology Corp and
+National Semiconductor Corp said they signed a four-year
+exclusive technology licensing and manufacturing agreement.
+    The agreement allows the two companies to share technology
+and marketing rights to Seeq's 512-kilobit and one-megabit
+semiconductors and for National Semiconductor's 256-Kb FLASH
+EEPROMs, the companies said.
+    Financial terms of the arrangement were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20401" NEWID="21036">
+<DATE>19-OCT-1987 14:57:12.59</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2697&#31;reute
+d f BC-ERIE-LACKAWANNA-INC-&lt;   10-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERIE LACKAWANNA INC &lt;ERIE.O> 3RD QTR NET</TITLE>
+<DATELINE>    CLEVELAND, Oct 19 -
+    </DATELINE><BODY>Shr 1.32 dlrs vs 1.59 dlrs
+    Net 1,217,649 vs 1,471,824
+    Total income 1,896,018 vs 2,278,642
+    Nine mths
+    Shr 4.92 dlrs vs 5.38 dlrs
+    Net 4,553,380 vs 4,979,626
+    Total income 6,918,266 vs 8,134,313
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20400" NEWID="21037">
+<DATE>19-OCT-1987 14:56:58.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2696&#31;reute
+h f BC-QUANTUM-CORP-&lt;QNTM.O>   10-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUANTUM CORP &lt;QNTM.O> 2ND QTR SEPT 27 NET</TITLE>
+<DATELINE>    MILPITAS, Calif., Oct 19 -
+    </DATELINE><BODY>Shr 44 cts vs 30 cts
+    Net 4,057,000 vs 2,716,000
+    Sales 49.5 mln vs 29.6 mln
+    Six Mths
+    Shr six cts vs 55 cts
+    Net 518,000 vs 5,167,000
+    Sales 89.7 mln vs 54.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20399" NEWID="21038">
+<DATE>19-OCT-1987 14:56:46.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2695&#31;reute
+w f BC-TERMIFLEX-CORP-&lt;TFLX.   10-19 0038</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TERMIFLEX CORP &lt;TFLX.O> 1ST QTR SEPT 30 NET</TITLE>
+<DATELINE>    MERRIMACK, N.H., Oct 19 -
+    </DATELINE><BODY>Shr five cts vs seven cts
+    Net 64,652 vs 96,157
+    Sales 1,205,321 vs 1,499,591
+    NOTE: Backlog three mln dlrs vs 2,600,000 as of June 30,
+1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20398" NEWID="21039">
+<DATE>19-OCT-1987 14:56:31.92</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2692&#31;reute
+s f BC-DURAKON-&lt;DRKN.O>-TO-M   10-19 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DURAKON &lt;DRKN.O> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    LAPEER, Mich., Oct 19 - </DATELINE><BODY>Durakon Industries Inc said it has
+entered into a definitive agreement to acquire DFM Corp, a
+maker of bug and gravel protective shields for trucks and cars,
+for an undisclosed amount of cash and debentures, retroactive
+to September One.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20397" NEWID="21040">
+<DATE>19-OCT-1987 14:56:25.95</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2691&#31;reute
+r f BC-CHARTER-CRELLIN   10-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATLANTIS &lt;AGH> MAY BID FOR CHARTER-CRELLIN&lt;CRTR.O></TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Atlantis Group Inc said it bought
+100,000 shares of Charter-Crellin Inc common stock, or 6.3 pct
+of the total outstanding, and may seek control in a negotiated
+transaction.
+    In a filing with the Securities and Exchange Commission,
+Atlantis said it has informally discussed a business
+combination with Charter-Crellin management.
+    But the company said it has not held negotiations with
+Charter-Crellin and does not intend to initiate further
+discussions.
+    Pending development of specific proposals, Atlantis said it
+will continue to purchase additional Charter-Crellin shares in
+private or open market transactions depending on a range of
+factors including the market price of the stock.
+    Atlantis said it bought its Charter-Crellin common stock in
+open market transactions between September 22 and October 7 at
+14.91 dlrs to 15.62 dlrs a share, or for a total of about 1.51
+mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20396" NEWID="21041">
+<DATE>19-OCT-1987 14:56:02.82</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2690&#31;reute
+s f BC-ALLWASTE-&lt;ALWS.O>-TO   10-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLWASTE &lt;ALWS.O> TO MAKE ACQUISITION</TITLE>
+<DATELINE>    HOUSTON, Oct 19 - </DATELINE><BODY>Allwaste Inc said it has agreed in
+principle to acquire a privately-held firm that performs
+interior cleaning services for tank-trailers for 1,300,000
+common shares.
+    It said the firm, which it did not name, earned about
+1,500,000 dlrs pretax for the first nine mons of 1987.
+    The company said closing is expected by October 31.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20395" NEWID="21042">
+<DATE>19-OCT-1987 14:55:53.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2689&#31;reute
+d f BC-TRAVELERS-REAL-ESTATE   10-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRAVELERS REAL ESTATE &lt;TRAT.O> 3RD QTR NET</TITLE>
+<DATELINE>    BOSTON, Oct 19 -
+    </DATELINE><BODY>Shr 18 cts vs 27 cts
+    Net 444,387 vs 676,593
+    Revs 549,437 vs 764,901
+    Nine mths
+    Shr 67 cts vs 81 cts
+    Net 1,690,670 vs 2,031,937
+    Revs 1,986,938 vs 2,302,278
+    NOTE: Full name is Travelers Real Estate Investment Trust
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20394" NEWID="21043">
+<DATE>19-OCT-1987 14:55:34.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2687&#31;reute
+d f BC-SAFEGUARD-&lt;SFGD.O>-TO   10-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAFEGUARD &lt;SFGD.O> TO BUY BACK MORE SHARES</TITLE>
+<DATELINE>    ANAHEIM, Calif., Oct 19 - </DATELINE><BODY>Safeguard Health Enterprises Inc
+said its board authorized management to step up its stock
+repurchase program by doubling the repurchase ceiling to 1.6
+mln shares.
+    The company also said it has already purchased 691,000
+shares through September 30 under the previous authorization to
+buy 800,000 shares, or 10 pct of the stock then outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20393" NEWID="21044">
+<DATE>19-OCT-1987 14:55:26.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2686&#31;reute
+u f BC-NEW-YORK-TIMES-CO-&lt;NY   10-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW YORK TIMES CO &lt;NYT> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Shr 40 cts vs 33 cts
+    Net 32.6 mln vs 26.7 mln
+    Revs 406.5 mln vs 370.1 mln
+    Nine months
+    Shr 1.44 dlrs vs 1.20 dls
+    Net 117.8 mln vs 97.5 mln
+    Revs 1.2 billion vs 1.1 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20392" NEWID="21045">
+<DATE>19-OCT-1987 14:55:10.41</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2685&#31;reute
+d f BC-SAFEGUARD-HEALTH-&lt;SFG   10-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAFEGUARD HEALTH &lt;SFGD.O> 3RD QTR NET</TITLE>
+<DATELINE>    ANAHEIM, Calif., Oct 19 -
+    </DATELINE><BODY>Shr 11 cts vs five cts
+    Net 806,000 vs 384,000
+    Revs 18.0 mln vs 15.6 mln
+    Nine Mths
+    Shr 28 cts vs 17 cts
+    Net 2,105,000 vs 1,320,000
+    Revs 51.9 mln vs 46.1 mln
+    Note: Full name Safeguard Health Enterprises Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20391" NEWID="21046">
+<DATE>19-OCT-1987 14:55:01.65</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2684&#31;reute
+u f BC-HENLEY-&lt;HENG.O>-ENDS   10-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HENLEY &lt;HENG.O> ENDS TALKS WITH SANTE FE</TITLE>
+<DATELINE>    LA JOLLA, Calif., Oct 19 - </DATELINE><BODY>Henley Group Inc said it ended
+talks with Sante Fe Southern Pacific Corp concerning the
+possible acquisition of Sante Fe's Southern Pacific
+Transportation Co subsidiary.
+    The company also said it is reviewing its investment in
+Santa Fe Southern Pacific in light of Sante Fe's announcement
+that it recieved several bids ranging from 750 mln dlrs to more
+than one billion dlrs for its Southern Pafific Transportation
+subsidiary.
+   
+    Henley said it held discussions with Sante Fe concerning
+the acquisition by Henley of Bankers Leasing and Financial Corp
+and certain Sante Fe transportation and real estate assets.
+    Henley said it began talks with Sante Fe after it announced
+its restructuring program in August 1987.
+    As previously disclosed, Henley made necessary filings
+under the Hart-Scott-Rodino Antitrust Improvement Acts to
+permit Henley to increase its investment in Sante Fe to 24.9
+pct of the outstanding common stock from 5.03 pct.
+   
+    Henley said that depending on prevailing conditions,
+including price and availability of Sante Fe stock, substantial
+developments affecting Sante Fe, other investment and business
+opportunities available to Henley, Henley may additional Sante
+Fe shares, or sell all or part of its investment in Sante Fe.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20390" NEWID="21047">
+<DATE>19-OCT-1987 14:54:15.03</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2683&#31;reute
+d f BC-MERCURY-SAVINGS-AND-L   10-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MERCURY SAVINGS AND LOAN &lt;MSL> 3RD QTR LOSS</TITLE>
+<DATELINE>    HUNTINGTON BEACH, Calif., Oct 19 -
+    </DATELINE><BODY>Shr loss 39 cts vs profit 44 cts
+    Net loss 2,169,000 vs profit 2,417,000
+    Nine Mths
+    Shr profit 56 cts vs profit 1.68 dlrs
+    Net profit 3,111,000 vs profit 9,317,000
+    Note: Full name Mercury Savings and Loan Association
+'
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20389" NEWID="21048">
+<DATE>19-OCT-1987 14:53:33.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2679&#31;reute
+a f BC-CARMIKE-&lt;CMIKA.O>-OPE   10-19 0028</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARMIKE &lt;CMIKA.O> OPENS SIX-SCREEN THEATER</TITLE>
+<DATELINE>    COLUMBUS, Ga., Oct 19 - </DATELINE><BODY>Carmike Cinemas Inc said it has
+opened a six-screen theter called Carmike Six in Milledgeville,
+Ga.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20388" NEWID="21049">
+<DATE>19-OCT-1987 14:53:09.31</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2677&#31;reute
+d f BC-BURNHAM-SERVICE-CORP   10-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURNHAM SERVICE CORP &lt;BSCO.O> 3RD QTR NET</TITLE>
+<DATELINE>    COLUMBUS, Ga., Oct 19 -
+    </DATELINE><BODY>Shr 45 cts vs 36 cts
+    Net 2,554,000 vs 1,954,000
+    Revs 44.4 mln vs 32.5 mln
+    Nine mths
+    Shr 1.00 dlrs vs 75 cts
+    Net 5,461,000 vs 3,756,000
+    Revs 109.5 mln vs 89.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20387" NEWID="21050">
+<DATE>19-OCT-1987 14:52:58.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2676&#31;reute
+d f BC-TEXAS-AMERICAN-BANCSH   10-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXAS AMERICAN BANCSHARES &lt;TXA> TO SELL UNIT</TITLE>
+<DATELINE>    FORT WORTH, Texas, Oct 19 - </DATELINE><BODY>Texas American Bancshares Inc
+said it agreed to sell its Texas American Bank/Levelland unit
+to &lt;First American Bancorp Inc> for about 12 mln dlrs in cash.
+    Texas American said regulatory approval ofthe transaction
+is expected in December, and the sale will close shortly
+thereafter.
+    Once the sale is completed, the unit's name will change to
+First American Bank of Texas. The unit reported total assets of
+196.7 mln dlrs on Juen 30, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20386" NEWID="21051">
+<DATE>19-OCT-1987 14:52:34.06</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2675&#31;reute
+d f BC-SUPERMARKETS-GENERAL   10-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUPERMARKETS GENERAL &lt;SGL> SELLS 11 DRUG STORES</TITLE>
+<DATELINE>    CARTERET, N.J., Oct 19 - </DATELINE><BODY>Supermarkets General Corp said it
+agreed to sell 11 super drug stores to &lt;F and M Distributors>.
+    The nine existing and two unopened stores are located in
+Maryland, Virginia and upstate New York and are operated under
+the Pathmark Super Drug trade name, the company said.
+    Terms of the transaction were not disclosed.
+    The nine existing stores generated approximately 34.8 mln
+dlrs of Supermarkets General's total sales of 2.9 billion
+during the six-month period ended Aug One, 1987.
+    F and M Distributors operates 42 discount drug stores in
+Michigan, Ohio, Illinois, Indiana and Wisconsin.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20385" NEWID="21052">
+<DATE>19-OCT-1987 14:51:53.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2673&#31;reute
+r f BC-TRAVELERS-REAL-ESTATE   10-19 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRAVELERS REAL ESTATE &lt;TRAT.O> PAYOUT CUT</TITLE>
+<DATELINE>    BOSTON, Oct 19 - </DATELINE><BODY>Travelers Real Estate Investment Trust
+    Qtly div 17 cts vs 23 cts in prior qtr
+    Payable November 25
+    Record October 30
+    It said the lower dividend reflects the reduction in cash
+flow from a mortgage secured by a motel in Covington, La.
+    The trust said an appraisal is being made of the Covington
+property to determine whether an increase in loss reserve will
+be required at year end.
+   
+    Travelers REIT said its investment adviser, Keystone Realty
+Advisers has committed to lend the trust up to 500,000 dlrs for
+a term of two years to cover past due payables and capital
+improvements on the Covington motel.
+    Keystone Realty is an affiliate of the Keystone Group, a
+Traverlers Corp &lt;TIC> subsidiary.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20384" NEWID="21053">
+<DATE>19-OCT-1987 14:51:34.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2671&#31;reute
+r f BC-ERC-INTERNATIONAL-INC   10-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ERC INTERNATIONAL INC &lt;ERC> 3RD QTR NET</TITLE>
+<DATELINE>    FAIRFAX, Va., Oct 19 -
+    </DATELINE><BODY>Shr 31 cts vs nine cts
+    Net 1,345,000 vs 368,000
+    Revs 31.9 mln vs 26.4 mln
+    Nine mths
+    Shr 91 cts vs 40 cts
+    Net 3,890,000 vs 3,556,000
+    Revs 89.3 mln vs 71.7 mln
+    NOTE: 1986 qtr and nine mths include loss 831,000 dlrs, or
+19 cts per share, and loss 1,872,000 dlrs, or 44 cts per share,
+respectively, from discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20383" NEWID="21054">
+<DATE>19-OCT-1987 14:51:26.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2670&#31;reute
+r f BC-KING-WORLD-&lt;KWP>-SAYS   10-19 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KING WORLD &lt;KWP> SAYS SHOW EXTENDED</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>King World Productions Inc said its
+syndicated television series "The Oprah Winfrey Show" has been
+extended through the 1989-90 broadcast season.
+    It said six of the top 10 markets have renewed the series
+through the end of the decade.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20382" NEWID="21055">
+<DATE>19-OCT-1987 14:50:41.28</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2666&#31;reute
+u f BC-/PAINEWEBBER-GROUP-IN   10-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAINEWEBBER GROUP INC &lt;PWG> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Shr 44 cts vs 71 cts
+    Net 14.8 mln vs 21.1 mln
+    Revs 628.6 mln vs 605.6 mln
+    Avg shrs 30,743,000 vs 26,969,000
+    Nine mths
+    Shr 2.01 dlrs vs 1.93 dlrs
+    Net 65.0 mln vs 57.4 mln
+    Revs 1.89 billion vs 1.81 billion
+    Avg shrs 30,782,000 vs 26,619,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20381" NEWID="21056">
+<DATE>19-OCT-1987 14:49:20.85</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM 
+&#22;&#22;&#1;f2661&#31;reute
+f f BC-CANADA-JUNE-BUDGET-DE   10-19 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>CANADA JUNE BUDGET DEFICIT 2.66 BILLION DLRS VS YEAR AGO 2.80 BILLION DLRS - OFFICIAL          
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20380" NEWID="21057">
+<DATE>19-OCT-1987 14:47:08.40</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2647&#31;reute
+d f BC-COUNTRYWIDE-&lt;CCR>-SEE   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUNTRYWIDE &lt;CCR> SEES 3RD QTR NET OF 20 CTS</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Countrywide Credit Industries Inc said
+it expects fiscal third quarter earnings of 20 or 21 cents per
+fully diluted share, based on 18 mln shares outstanding.
+    The company posted net income of 31 cents per fully diluted
+share in the previous third quarter ended November 30 last
+year, based on 12 mln shares outstanding.
+    Angelo Mozilo, vice chairman and executive vice president,
+also told security analysts that that company should have a
+total loan servicing portfolio of 11 billion or 12 billion dlrs
+by the end of the current fiscal year, in February 1988.
+    Countrywide Credit, a financial service company primarily
+involved in mortgage banking, reported 4.5 billion dlrs in its
+loan servicing portfolio for the last fiscal year.
+    In addition, Mozilo said the company was continuing to
+reduce expenses by one mln dlrs a month and should bring total
+costs down by three mln dlrs at the end of the quarter.
+    He said about 55 pct of the cost cuts were in personnel,
+and that the company had reduced the number of its offices
+nationwide by 11 in recent months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20379" NEWID="21058">
+<DATE>19-OCT-1987 14:45:58.06</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2641&#31;reute
+u f BC-VENEZUELA-SAYS-OPEC-O   10-19 0105</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+VENEZUELA SAYS OPEC OIL OUTPUT 0VER 18 MLN BPD CARACAS, Oct 19
+- The current OPEC oil production is above 18 mln barrels per
+day (bpd) and this level threatens the precarious equilibrium
+of the of oil market, Venezuelan Energy and Mines Minister
+Arturo Hernandez Grisanti said on Monday.
+    He told reporters three or four countries out of OPEC's 13
+members were mainly responsible for the overproduction, but
+declined to identify them.
+     OPEC's production ceiling for the second half of 1987 is
+16.6 mln bpd. The Venezuelan minister said OPEC's production
+reached a peak this year when it went over 19 mln bpd in
+August.
+    Hernandez Grisanti, together with the oil ministers of
+Nigeria and Indonesia, met the heads of state of six Mideast
+Gulf countries earlier this month to urge OPEC members to
+comply with assigned production quotas.
+    He said some of the countries which were complying as
+Venezuela, Indonesia, Libya, Algeria, Ecuador, Saudi Arabia and
+Iran.
+    Hernandez declined to say whether the three or four
+countries he said were overproducing bordered the Mideast Gulf.
+ REUTER
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20378" NEWID="21059">
+<DATE>19-OCT-1987 14:45:13.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2638&#31;reute
+b f BC-ATLANTIS-GROUP   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+****<TITLE>ATLANTIS GROUP TELLS SEC IT SEEKS NEGOTIATED PURCHASE OF CHARTER-CRELLIN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20377" NEWID="21060">
+<DATE>19-OCT-1987 14:44:27.84</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2634&#31;reute
+d f BC-DYNASCAN-&lt;DYNA.O>-COM   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DYNASCAN &lt;DYNA.O> COMPLETES MANAGEMENT BUYOUT</TITLE>
+<DATELINE>    CHICAGO, Oct 19 - </DATELINE><BODY>Dynascan Corp said it completed the sale
+of its industrial electronic products group and expects to 
+recognize about a 3.0 mln dlr pretax gain on the transaction in
+the fourth quarter.
+    It said the group was sold October 15 for 13.5 mln dlrs to
+Maxtec International Corp, a privately held company created by
+the company's management team.
+    It said the purchase price was 12 mln dlrs in cash and 1.5
+mln dlrs in five-year notes plus warrants to buy 7.0 pct of the
+stock of Maxtec.
+    Dynascan said the group was projected to provide about 12
+pct of its consolidated sales in 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20376" NEWID="21061">
+<DATE>19-OCT-1987 14:43:45.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2633&#31;reute
+f f BC-HENLEY-GROUP-RE   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HENLEY GROUP REVIEWING INVESTMENT IN SANTA FE SOUTHERN PACIFIC
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20375" NEWID="21062">
+<DATE>19-OCT-1987 14:43:38.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2632&#31;reute
+s f BC-PALL-CORP-&lt;PLL>-SETS   10-19 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PALL CORP &lt;PLL> SETS QUARTERLY</TITLE>
+<DATELINE>    GLEN COVE, N.Y., Oct 19 -
+    </DATELINE><BODY>Qtly div 8-1/2 cts vs 8-1/2 cts prior
+    Pay Nov 13
+    Record Oct 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20374" NEWID="21063">
+<DATE>19-OCT-1987 14:42:48.01</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2628&#31;reute
+f f BC-HENLEY-GROUP-SA   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HENLEY GROUP SAID IT ENDED TALKS ON BUYING SOUTHERN PACIFIC FROM SANTA FE SOUTHERN 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20373" NEWID="21064">
+<DATE>19-OCT-1987 14:42:12.65</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2627&#31;reute
+f f BC-PAINEWEBBER-GRO   10-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PAINEWEBBER GROUP INC 3RD QTR SHARE 44 CTS VS 71 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20372" NEWID="21065">
+<DATE>19-OCT-1987 14:42:08.28</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>spain</D><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2626&#31;reute
+r f BC-RENTA-INMOBILIARIA-SE   10-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RENTA INMOBILIARIA SEEKS CANNON GROUP &lt;CAN> ASSETS</TITLE>
+<DATELINE>    MADRID, Oct 19 - </DATELINE><BODY>Spanish property firm &lt;Renta Inmobiliaria
+SA> is negotiating to buy the property assets of U.S. media
+company Cannon Group Inc &lt;CAN>, Renta's finance director Jose
+Luis Sanchez said.
+    Sanchez told Reuters that Renta's chairman Juan Antonio
+Robles was currently in the U.S. to negotiate the deal but
+declined to give other details.
+    Interpart, a Luxembourg-based holding company chaired by
+Italian financier Giancarlo Paretti, payed around 12.2 billion
+pesetas in July to acquire a 63.5 pct stake in Renta
+Inmobiliaria.
+    The Spanish daily newspaper El Pais said the Cannon
+property assets sought by Renta included the Elstree film
+studios in Britain and a chain of movie-theaters in Europe and
+the U.S.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20371" NEWID="21066">
+<DATE>19-OCT-1987 14:41:38.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2625&#31;reute
+r f BC-STOP-AND-SHOP-&lt;SHP>-T   10-19 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOP AND SHOP &lt;SHP> TO REPURCHASE SHARES</TITLE>
+<DATELINE>    BOSTON, Oct 19 - </DATELINE><BODY>Stop and Shop Cos Inc said its board has
+authorized the repurchase of up to five pct of its common
+shares from time to time at prevailing market prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20370" NEWID="21067">
+<DATE>19-OCT-1987 14:41:28.16</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2623&#31;reute
+u f BC-SOUTHLAND-&lt;SLC>-UNIT   10-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHLAND &lt;SLC> UNIT RAISES CRUDE OIL PRICES</TITLE>
+<DATELINE>    New York, Oct 19 - </DATELINE><BODY>Citgo Petroleum Corp, a subsidiary of
+Southland Corp, said it raised the contract price it will pay
+for all grades of crude oil by 50 cts a barrel, effective Oct
+16
+    The increase brings Citgo's postings for the West Texas
+Intermediate and West Texas Sour grades to 19.00 dlrs/barrel,
+while Light Louisiana SWeet is now priced at 19.35 dlrs.
+    Citgo last changed it crude oil postings on Sept 9.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20369" NEWID="21068">
+<DATE>19-OCT-1987 14:41:09.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2621&#31;reute
+f f BC-NEW-YORK-TIMES   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEW YORK TIMES CO 3RD QTR SHR 40 CTS VS 33 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20368" NEWID="21069">
+<DATE>19-OCT-1987 14:40:54.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2619&#31;reute
+d f BC-&lt;THERMASCAN-INC>-RECE   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;THERMASCAN INC> RECEIVES FDA APPROVAL ON DRUG</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Thermascan Inc said the U.S. Food and
+Drug Administration has approved clinical trials of a new,
+advanced AIDS confirmation test developed by the company.
+    Thermascan said that about 10,000 trials will be taken on
+the the new test, called Fluorognost in the next three months
+through blood banks, hospitals and health centers as well as by
+individual physicians.
+    The trials will be conducted in New York at the Beth Israel
+Medical Centre, the Sacremento Medical foundation Blood Center,
+the Karolinska Institute, Stockholm, and the Institute of
+Hygiene at the University of Innspruck.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20367" NEWID="21070">
+<DATE>19-OCT-1987 14:40:47.20</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2618&#31;reute
+d f BC-GOTTSCHALKS-&lt;GOT>-TO   10-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOTTSCHALKS &lt;GOT> TO BUY BACK STOCK</TITLE>
+<DATELINE>    FRESCalif., Oct 19 - </DATELINE><BODY>Gottschalks Inc said its board
+authorized management to purchase up to 300,000 of the
+company's outstanding shares, or about 3.5 pct of the stock
+outstanding, because the company believes its shares are
+currently undervalued.
+    It said the purchases will be made from time to time on the
+open market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20366" NEWID="21071">
+<DATE>19-OCT-1987 14:40:42.14</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2617&#31;reute
+r f BC-CCX-INC   10-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GROUP SELLS MOST OF STAKE IN CCX INC &lt;CCX></TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>A shareholder group including Far
+Hills, N.J. attorney Natalie Koether said it reduced its stake
+in CCX Inc common stock to 10,000 shares, or less than one pct
+of the company's common stock outstanding, from a previous
+stake of about ten pct.
+    In a filing with the Securities and Exchange Commission,
+the group said it sold 380,000 CCX common shares on October 15
+at four dlrs a share.
+    The group gave no reason for the sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20365" NEWID="21072">
+<DATE>19-OCT-1987 14:40:07.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2612&#31;reute
+d f BC-LEISURE-AND-TECHNOLOG   10-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LEISURE AND TECHNOLOGY &lt;LVX> SELLS NOTES</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Leisure and Technology In is raising
+40 mln dlrs through an offering of notes due 1999, said sole
+manager Merrill Lynch Capital Markets.
+    The notes have a 15-3/4 pct coupon and were priced at par.
+    Non-callable for three years and non-refundable for five
+years, the issue is rated B-2 by Moody's Investors Service Inc
+and B by Standard and Poor's Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20364" NEWID="21073">
+<DATE>19-OCT-1987 14:39:55.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2611&#31;reute
+r f BC-TWIN-DISC   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ORION &lt;OC> HAS 5.2 PCT TWIN DISC &lt;TDI> STAKE</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Orion Capital Corp said it acquired
+163,000 shares of Twin Disc Inc common stock, or 5.2 pct of the
+company's common stock outstanding.
+    In a filing with the Securities and Exchange Commission,
+Orion Capital said the stock represents "a favorable investment
+opportunity at current market prices."
+    In open market transactions between August 21 and October
+16, an Orion Capital subsidiary bought 56,200 Twin Disc common
+shares at 21.06 dlrs to 22.43 dlrs a share. The entire 5.2 pct
+stake was purchased at a cost of 3.2 mln dlrs, Orion Capital
+told the SEC.
+    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20363" NEWID="21074">
+<DATE>19-OCT-1987 14:39:13.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f2610&#31;reute
+d f BC-MOBIL-&lt;MOB>-RAISES-PL   10-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MOBIL &lt;MOB> RAISES PLASTIC GROCERY BAG CAPACITY</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Mobil Corp's Mobile Chemical Co said it
+is expanding its plastic grocery sack production by 20 pct with
+two new manufacturing lines at its Temple, Texas, plant.
+    Mobil said the new lines will begin operation next year.
+    A spokesman said no information on cost or capacity of the
+equipment is available.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20362" NEWID="21075">
+<DATE>19-OCT-1987 14:38:56.05</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2608&#31;reute
+r f BC-QUANTUM-&lt;QNTM.O>-SETT   10-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUANTUM &lt;QNTM.O> SETTLES SUIT WITH NEC</TITLE>
+<DATELINE>    MILPITAS, Calif., Oct 19 - </DATELINE><BODY>Quantum Corp said it agreed to
+settle a suit which charged NEC Corp and its NEC Information
+Systems Inc subsidiary with infringing on a Quantum patent for
+a disk drive architecture.
+    The company said the settlement agreement calls for NEC and
+NEC Information to pay a total of 2,975,000 dlrs.
+    It said the arrangement follows a recent court order that
+granted Quantum's motion for summary judgment and ruled that
+NEC infringed on the Quantum patent.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20361" NEWID="21076">
+<DATE>19-OCT-1987 14:38:08.85</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>venezuela</D><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM Y V 
+&#22;&#22;&#1;f2605&#31;reute
+b f BC-VENEZWELA~-SEES-MARKE   10-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VENEZUELA SEES OIL STABILITY DESPITE GULF ATTACK</TITLE>
+<DATELINE>     CARACAS, Oct 19 - </DATELINE><BODY>Venezuelan Energy Minister Arturo
+Hernandez Grisanti said he foresaw market stability in the
+price of crude, despite growing tension in the Gulf augmented
+by the U.S. military attack on an Iranian oil platform.
+    He told a news conference the market continues to be stable
+despite all the military action in the Gulf.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20360" NEWID="21077">
+<DATE>19-OCT-1987 14:37:44.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2603&#31;reute
+w f BC-&lt;EUROPEAN-AMERICAN-BA   10-19 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;EUROPEAN AMERICAN BANCORP> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Net 13,185,000 vs 6,715,000
+    Nine mths
+    Net 26.2 mln vs 15.3 mln
+    NOTE: Company is owned by a consortium of European banks.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20359" NEWID="21078">
+<DATE>19-OCT-1987 14:37:31.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2602&#31;reute
+r f BC-NORTHEAST-SAVINGS-&lt;NS   10-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHEAST SAVINGS &lt;NSB> ADOPTS RIGHTS PLAN</TITLE>
+<DATELINE>    HARTFORD, Conn., Oct 19 - </DATELINE><BODY>Northeast Savings F.A. said its
+board adopted a shareholder rights plan designed to protect the
+company from coercive takeover tactics and bids not fair to all
+sharholders.
+    Under the plan, the board declared a dividend of one share
+purchase right for each of the Northeast common shares held of
+record as of November two, the company said.
+    Initially, the rights are not exerciseable, rights
+certificates are not distributed, and the rights automatically
+trade with Northeast's shares, the company said.
+    However, 20 days following the acquisition of 20 pct or
+more of Northeast's common shares shares or 20 days following
+the commencement of a tender offer for 30 pct or more of
+Northeast's shares, the rights will become exerciseable and
+separate rights certificates will be distributed, the company
+said.
+    The rights will entitle holders of Northeast's common
+shares to purchase additional shares at an exercise price of 60
+dlrs a share, the company said.
+    The company said that in the event of certain triggering
+events described in the rights plan, holders of the rights,
+other than an acquiring person, will be entitled to acquire
+Northeast's common shares having a market value of twice the
+then-current exercise price of the rights. Also, in the event
+Northeast enters into certain business combination
+transactions, holders of the rights will be provided a right to
+acquire equity securities of the acquiring entity having a
+market value of twice the then-current exercise price of the
+rights, the company said. Northeast said it will be entitled to
+redeem the rights at one cent per right until the occurence of
+certain events.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20358" NEWID="21079">
+<DATE>19-OCT-1987 14:37:06.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2598&#31;reute
+d f BC-U.S.-OIL-&lt;USOC.O>-HAS   10-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. OIL &lt;USOC.O> HAS NEW MANAGEMENT</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>United States Oil Co said Dr. V. di
+Guevara Suardo Fabbri was appointed president and chief
+exeuctive, effective October 31, replacing William Rueckert,
+who will resign on that date.
+    Rueckert told Reuters he resigned to puruse other business
+activities.
+    Last November, Fabbri bought a controlling interest in the
+company and has since brought in his own management.
+    The company said that three new directors have been elected
+and that one present director resigned effective October 16.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20357" NEWID="21080">
+<DATE>19-OCT-1987 14:36:15.11</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D></TOPICS>
+<PLACES><D>usa</D><D>argentina</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2594&#31;reute
+u f BC-U.S.-DRAFTS-SANCTIONS   10-19 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. DRAFTS SANCTIONS IN ARGENTINA SOY CASE</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>The U.S. is drafting options including
+possible trade retaliation against Argentina in a dispute over
+the differential between soybean and product  taxes which
+Buenos Aires levies on exports.
+    The drafting of retaliation options follows the failure
+of high-level talks earlier this month to resolve a case filed
+by the U.S. National Soybean Processors Association, U.S.
+officials said. The NSPA charged that Argentina's differential
+export taxes implicitly subsidize soyproduct exports in
+competition with the U.S.
+    "Our only option is some sort of retaliation to restrict
+(Argentine) access to our market," said one U.S. source.
+   
+    The U.S. shelved the NSPA case earlier this year after
+Trade Representative Clayton Yeutter said Argentina agreed to
+end the differential.
+    But when Argentina announced export taxes for the 1987/88
+year in July, the differential was narrowed only one pct.
+    Deputy trade representative Michael Smith met Agriculture
+minister Ernesto Figuerras and Economy minister Juan Sourroille
+on September 29 and the Argentine officials said they could not
+narrow the differential further for 1987/88.
+    As a result of the impasse, the U.S. is considering
+restrictions on imports of items such as Argentine corned beef
+and finished leather, the U.S. sources said.
+    A decision on reprisals is likely to be made by the Reagan
+administration soon, they said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20356" NEWID="21081">
+<DATE>19-OCT-1987 14:36:05.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f2593&#31;reute
+h f BC-KAUFEL-GROUP-LTD-(KFL   10-19 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KAUFEL GROUP LTD (KFL.TO) 4TH QTR AUG 31 NET</TITLE>
+<DATELINE>     MONTREAL, Oct 19 -
+     </DATELINE><BODY>Shr 17 cts vs 13 cts
+     Net 2.1 mln vs 1.03 mln
+     Revs 15.6 mln vs 12 mln
+     Nine mths
+     Shr 58 cts vs 37 cts
+     Net 6.9 mln vs 3.7 mln
+     Revs 56.2 mln vs 27.5 mln
+     Avg shrs 11.9 mln vs 10.0 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20355" NEWID="21082">
+<DATE>19-OCT-1987 14:35:51.12</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2591&#31;reute
+d f BC-NATIONAL-GUARDIAN-&lt;NA   10-19 0106</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+NATIONAL GUARDIAN &lt;NATG.O> ACQUIRES ALARM FIRM
+    GREENWICH, Conn., National Guardian Corp said it acquired
+Pacific Fire Extinguisher Co, which specializes in installation
+of fire and burglar alarms.
+    The operations acquired in the transaction have total
+revenues in excess of 2.3 mln dlrs, the company said.
+    In a separate announcement, the company said it expects to
+record revenues of approximately 150 mln dlrs for 1987.
+    For 1986, the company had revenues of 98.3 mln dlrs.
+    National Guardian's revenues for the first six months of
+1987 were approximately 72 mln dlrs, compared to about 42 mln
+dlrs the year-ago period.
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20354" NEWID="21083">
+<DATE>19-OCT-1987 14:35:20.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2590&#31;reute
+r f BC-REXON-&lt;REXN.O>-TO-BUY   10-19 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REXON &lt;REXN.O> TO BUY BACK STOCK</TITLE>
+<DATELINE>    CULVER CITY, Calif., Oct 19 - </DATELINE><BODY>Rexon Inc said its board
+authorized management to buy back up to 15 mln dlrs worth of
+the company's common shares because the company believes that
+the stock is an attractive investment at this time.
+    The stock would be used to offset the potentially dilutive
+effects of options exercises and of other shares which might be
+issued in the future, Rexon said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20353" NEWID="21084">
+<DATE>19-OCT-1987 14:34:45.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2587&#31;reute
+s f BC-MAGNA-GROUP-INC-&lt;MAGI   10-19 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAGNA GROUP INC &lt;MAGI.O> SETS PAYOUT</TITLE>
+<DATELINE>    BELLEVILLE, Ill., Oct 19 -
+    </DATELINE><BODY>Qtly div 17 cts vs 17 cts prior
+    Pay Dec 10
+    Record Nov 15 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20352" NEWID="21085">
+<DATE>19-OCT-1987 14:34:42.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2586&#31;reute
+s f BC-WEIS-MARKETS-INC-&lt;WMK   10-19 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEIS MARKETS INC &lt;WMK> SETS PAYOUT</TITLE>
+<DATELINE>    SUNBURY, Pa., Oct 19 -
+    </DATELINE><BODY>Qtly div 11 cts vs 11 cts prior
+    Pay Jan Six
+    Record Dec 16 
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20351" NEWID="21086">
+<DATE>19-OCT-1987 14:34:26.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2583&#31;reute
+s f BC-EASTERN-UTILITIES-ASS   10-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EASTERN UTILITIES ASSOCIATES &lt;EUA> SETS PAYOUT</TITLE>
+<DATELINE>    BOSTON, Oct 19 -
+    </DATELINE><BODY>Qtly div 57-1/2 cts vs 57-1/2 cts prior
+    Pay Nov 15
+    Record Oct 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20350" NEWID="21087">
+<DATE>19-OCT-1987 14:34:12.29</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2580&#31;reute
+s f BC-ZURN-INDUSTRIES-INC-&lt;   10-19 0022</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ZURN INDUSTRIES INC &lt;ZRN> SETS QUARTERLY</TITLE>
+<DATELINE>    ERIE, Pa., Oct 19 -
+    </DATELINE><BODY>Qtly div 17 cts vs 17 cts prior
+    Pay Jan 15
+    Record Dec 11
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20349" NEWID="21088">
+<DATE>19-OCT-1987 14:34:09.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2579&#31;reute
+s f BC-VWR-CORP-&lt;VWRX.O>-SET   10-19 0020</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VWR CORP &lt;VWRX.O> SETS QUARTERLY</TITLE>
+<DATELINE>    CHICAGO, Oct 19 -
+    </DATELINE><BODY>Qtly div 20 cts vs 20 cts prior
+    Pay Dec Four
+    Record Nov 16
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20348" NEWID="21089">
+<DATE>19-OCT-1987 14:34:05.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2578&#31;reute
+r f BC-COASTAL-&lt;CGP>-TO-BUY   10-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL &lt;CGP> TO BUY BACK UP TO ONE MLN SHARES</TITLE>
+<DATELINE>    HOUSTON, Oct 19 - </DATELINE><BODY>Coastal Corp said it authorized the
+purchase of up to one mln shares of the company's common stock.
+    Coastal said the purchases were authorized because it
+believes the current market price of the stock is substantially
+less than the underlying value of the shares.
+    Coastal has 46.4 mln shares of common stock outstanding.
+    The company said the repurchases would not affect the
+company's ability to pay down 300 mln dlrs in outstanding debt
+and preferred stock by year-end.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20347" NEWID="21090">
+<DATE>19-OCT-1987 14:30:56.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2562&#31;reute
+r f BC-SMITHKLINE-&lt;SKB>-OPEN   10-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SMITHKLINE &lt;SKB> OPENS PLANT IN CHINA</TITLE>
+<DATELINE>    PHILADELPHIA, Oct 19 - </DATELINE><BODY>SmithKline Beckman Corp said it
+opened an 8.5 mln dlr pharmaceutical manufacturing plant in
+Tianjin, China.
+    The plant will make pharmaceutical products for the joint
+venture company, Tianjin Smith Kline and French Laboratories.
+    SmithKline said the joint venture combines Smith Kline and
+French Laboratories, the pharmaceutical unit of SmithKline
+Beckman, the &lt;Tianjin Medical Co>, and &lt;Hebel Chemical Plant>
+in Tianjin.
+    The plant has the capability to produce one billion tablets
+and 200 mln capsules a year.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20346" NEWID="21091">
+<DATE>19-OCT-1987 14:30:25.97</DATE>
+<TOPICS><D>oilseed</D><D>soybean</D><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2559&#31;reute
+f f BC-export-inspections   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS,  SOYBEANS 16,333 WHEAT 30,917 CORN 36,781
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20345" NEWID="21092">
+<DATE>19-OCT-1987 14:29:38.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2556&#31;reute
+d f BC-TRAVELERS-REALTY-INCO   10-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRAVELERS REALTY INCOME &lt;TRIIS.O> PAYOUT CUT</TITLE>
+<DATELINE>    BOSTON, Oct 19 -
+    </DATELINE><BODY>Qtly div 24 cts vs 28 cts in prior qtr
+    Payable November 25
+    Record Oct 30
+    NOTE: Full name is Travelers Realty Income Investors. It
+said the lower dividend reflects the reduction in cash flow
+from a mortgage secured by a motel in Slicell, La.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20344" NEWID="21093">
+<DATE>19-OCT-1987 14:24:54.78</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2547&#31;reute
+u f BC-CCR-VIDEO-&lt;CCCR.O>-IN   10-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CCR VIDEO &lt;CCCR.O> IN TALKS ON BEING ACQUIRED</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 - </DATELINE><BODY>CCR Video Corp said it has received
+an offer to enter into negotiations for &lt;Intercep Investment
+Corp> to acquire a controlling interest through a tender offer.
+    The company said "The negotiations would determine the
+terms under which the CCR board of directors could support the
+INTERCEP tender offer."
+    It gave no further details.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20343" NEWID="21094">
+<DATE>19-OCT-1987 14:23:59.06</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2544&#31;reute
+s f BC-EARLE-M.-JORGENSEN-CO   10-19 0024</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EARLE M. JORGENSEN CO &lt;JOR> QTLY DIVIDEND</TITLE>
+<DATELINE>    LOS ANGELES, OCT 19 -
+    </DATELINE><BODY>Shr 25 cts vs 25 cts prior qtr
+    Pay November 13
+    Record October 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20342" NEWID="21095">
+<DATE>19-OCT-1987 14:23:40.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2542&#31;reute
+u f BC-FIRST-BOSTON-INC-&lt;FBC   10-19 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST BOSTON INC &lt;FBC> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Shr primary 1.15 dlrs vs 76 cts
+    Shr fully diluted 1.15 dlrs vs 76 cts
+    Net 40.8 mln vs 27.1 mln
+    Revs 369.6 mln vs 263.2 mln
+    Nine mths
+    Shr primary 2.95 dlrs vs 3.44 dlrs
+    Shr fully diluted 2.95 dlrs vs 3.33 dlrs
+    Net 103.8 mln vs 119.0 mln
+    Revs 1.06 billion vs 897.8 mln
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20341" NEWID="21096">
+<DATE>19-OCT-1987 14:22:43.28</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2537&#31;reute
+u f BC-ITALY-SHOWS-SEPTEMBER   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ITALY SHOWS SEPTEMBER OVERALL PAYMENTS SURPLUS</TITLE>
+<DATELINE>    ROME, Oct 19 - </DATELINE><BODY>Italy's overall balance of payments showed a
+919 billion lire surplus in September against a deficit of
+1,026 billion in August, provisional Bank of Italy figures
+showed.
+    The September surplus compared with a shortfall of 1,697
+billion lire in September 1986. For the first nine months of
+1987, the overall balance of payments showed a deficit of 1,921
+billion lire against a 1,725 billion deficit in the same 1986
+period.
+    The central bank said Italy's one billion dlr Eurobond
+launched last month contributed to September's surplus.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20340" NEWID="21097">
+<DATE>19-OCT-1987 14:22:30.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2536&#31;reute
+r f BC-WILLIS-FABER-NOT-SELL   10-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIS FABER NOT SELLING MORGAN GRENFELL STAKE</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>&lt;Willis Faber Plc> said its 20.8 pct
+holding in stockbrokers Morgan Grenfell Group Plc &lt;MGFL.L> was
+not up for sale.
+    The insurance broker issued a statement in reply to recent
+press speculation which it said was in part "inaccurate and
+undesirable."
+    "Willis Faber has not received any offers for its stake in
+Morgan Grenfell," it said, adding that an offer would have to be
+considered on its merits.
+    "Willis Faber's stake in Morgan Grenfell has been a very
+successful investment," it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20339" NEWID="21098">
+<DATE>19-OCT-1987 14:21:35.02</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2530&#31;reute
+f f BC-DOW-DOWN-MORE-THAN-13   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW JONES INDUSTRIAL AVERAGE DOWN MORE THAN 13.2 PCT, EXCEEDS PERCENTAGE DROP IN 1929
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20338" NEWID="21099">
+<DATE>19-OCT-1987 14:21:13.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C 
+&#22;&#22;&#1;f2527&#31;reute
+d f BC-UK-SEEKS-WINDING-UP-O   10-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK SEEKS WINDING UP OF JAMES TENNANT COMMODITIES</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>The U.K. Government said it would seek the
+compulsory winding up of James Tennant Commodities Ltd on
+grounds of public interest and that details would be heard in
+the High Court on November 18.
+    A Department of Trade and Industry spokesman said that
+James Tennant was relatively small and that its activities had
+concentrated on allowing investors to participate in pooled
+trading schemes in commodity futures.
+    No application had been made for the appointment of a
+provisional liquidator in the case, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20337" NEWID="21100">
+<DATE>19-OCT-1987 14:20:07.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2523&#31;reute
+h f BC-TRAVELERS-REALTY-INCO   10-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRAVELERS REALTY INCOME &lt;TRIIS.O> 3RD QTR NET</TITLE>
+<DATELINE>    BOSTON, Oct 19 -
+    </DATELINE><BODY>Shr 22 cts vs 57 cts
+    Net 504,808 vs 1,281,781
+    Revs 633,119 vs 1,396,703
+    Nine mths
+    Shr 87 cts vs 1.32 dlrs
+    Net 1,959,385 vs 2,986,379
+    Revs 2,342,322 vs 3,346,555
+    NOTE: Full name of trust is Travelers Realty Income
+Investors
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20336" NEWID="21101">
+<DATE>19-OCT-1987 14:19:25.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>adb-africa</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2519&#31;reute
+r f BC-AFRICAN-DEVELOPMENT-B   10-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AFRICAN DEVELOPMENT BANK PLANS U.S. DOMESTIC BOND</TITLE>
+<DATELINE>    FRANKFURT, Oct 19 - </DATELINE><BODY>The African Development Bank plans to
+raise about 200 mln dlrs via a U.S. Domestic bond this year,
+Milan Kerno, vice president of finance said at a presentation.
+    He said the Bank planned to borrow about 700 mln dlrs in
+world capital markets in 1987 and roughly the same amount in
+1988. Because of the weak condition of the euroyen market,
+plans for a bond in that sector, which would comprise part of
+the 700 mln dlrs,  have been put on hold, Kerno said.
+    "But we should complete our programme (this year), markets
+willing," Kerno said, adding the Bank's 1987 borrowing so far
+totaled about 400 mln dlrs.
+    The Bank's board of directors will meet on October 26 to
+discuss plans to begin Bank trading in unspecified securities,
+with desks in Abidjan, Kerno said.
+    Trading would be conducted along similar lines as existing
+World Bank and Asian Development Bank operations, he said.
+    The Bank now has roughly 1.2 billion dlrs in available
+liquidity to serve as a basis for trading, although not all of
+this will be traded at the start. The Bank plans to use the
+funds gradually over the next three or four years, he said.
+    To facilitate lending increases the Bank tripled paid-in
+capital to about 18 billion dlrs from six billion in June.
+    German bankers at the presentation criticized the Bank for
+its overly conservative lending, adding the Bank would do
+better to invest more capital in loans. Total net equity
+capital, consisting of subscribed capital and reserves, rose to
+1,282 pct of its funded debt in 1986 from 552 pct in 1985, the
+Bank's statistics showed.
+    Other Bank figures from 1986 showed the Interamerican
+Development Bank's net equity totaled 302 pct of funded debt,
+and the Asian Development Bank's 295 pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20335" NEWID="21102">
+<DATE>19-OCT-1987 14:19:14.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2518&#31;reute
+r f BC-BALLADUR-SAYS-MARKET   10-19 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR SAYS MARKET MAY HOLD UP PRIVATISATIONS</TITLE>
+<DATELINE>    PARIS, Oct 19 - </DATELINE><BODY>French finance minister Edouard Balladur
+said the agenda of state privatisations may not be done at full
+speed if market conditions prove unsuitable.
+    "I'm not going to privatise at full speed if market
+conditions do not permit. That would be absurd," he told
+journalists. "What we're going to do is adapt our program very
+closely to the evolution of our stock markets."
+    French stock prices fell more than 10 pct on Monday, a
+6-1/2 year record, as concern deepened that interest rates
+worldwide would surge and choke off fragile economic growth,
+dealers said. Stock of several privatised firms fell below
+their issue price.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20334" NEWID="21103">
+<DATE>19-OCT-1987 14:18:56.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2517&#31;reute
+r f BC-SOCIETY-FOR-SAVINGS-B   10-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOCIETY FOR SAVINGS BANCORP &lt;SOCS.O> 3RD QTR</TITLE>
+<DATELINE>    HARTFORD, Conn., Oct 19 -
+    </DATELINE><BODY>Shr 75 cts vs 55 cts
+    Net 8,031,000 vs 5,819,000
+    Nine mths
+    Shr 2.16 dlrs vs 1.42 dlrs
+    Net 23.2 mln vs 15.1 mln
+    Assets 3.41 billion vs 2.84 billion
+    Deposits 2.54 billion vs 2.19 billion
+    NOTE: 1987 nine mths includes gain 1,008,000 dlrs, or nine
+cts per share, from utilization of prior year's net operating
+loss carryforwards.
+   
+    NOTE: 1986 qtr and nine mths include loss 131,000 dlrs, or
+one cent per share, from unspecified extraordinary item.
+    1986 qtr and nine mths includes gain 2,281,000 dlrs, or 22
+cts per share, and 6,393,000 dlrs, or 60 cts per share,
+respectively, from utilization of net operating loss
+carryforwards.
+    full name of company is society for savings bancorp inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20333" NEWID="21104">
+<DATE>19-OCT-1987 14:18:01.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f2514&#31;reute
+r f BC-NOMURA-SAYS-IT-SEEKS   10-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NOMURA SAYS IT SEEKS LINK WITH KIDDER PEABODY</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Nomura Securities Co Ltd is seeking a
+possible business relationship with Kidder Peabody and Co Inc,
+said Setsuya Tabuchi, the chairman of the board of Nomura.
+    Tabuchi told an investment conference "at present the
+company's staff (of Nomura) has been studying the possiblity of
+a joint buiness," he said.
+    Tabuchi said he has not been informed how far the study has
+progressed. He declined to elaborate further.
+    Kidder Peabody is a wholly-owned subsidiary of General
+Electric &lt;GE>. Kidder officials were not immediately available
+for comment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20332" NEWID="21105">
+<DATE>19-OCT-1987 14:17:09.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2512&#31;reute
+h f BC-PROGRESSIVE-BANK-INC   10-19 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROGRESSIVE BANK INC &lt;PSBK.O> 3RD QTR NET</TITLE>
+<DATELINE>    PAWLING, N.Y., Oct 19 -
+    </DATELINE><BODY>Shr 88 cts vs 73 cts
+    Net 2,580,000 vs 2,147,000
+    Nine mths
+    Shr 2.48 dlrs vs 2.33 dlrs
+    Net 7,266,000 vs 5,948,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20331" NEWID="21106">
+<DATE>19-OCT-1987 14:16:21.69</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2510&#31;reute
+d f BC-WASHINGTON-WATER-POWE   10-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WASHINGTON WATER POWER &lt;WWP> 3RD QTR LOSS</TITLE>
+<DATELINE>    SPOKANE, Wash., Oct 19 -
+    </DATELINE><BODY>Shr loss 12 cts vs profit two cts
+    Net loss 2,669,000 vs profit 528,000
+    Revs 79.8 mln vs 74.9 mln
+    Nine mths
+    Shr profit 64 cts vs profit 1.63 dlrs
+    Net profit 14.3 mln vs profit 35.7 mln
+    Revs 280.0 mln vs 288.8 mln
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20330" NEWID="21107">
+<DATE>19-OCT-1987 14:14:45.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D><D>verity</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2505&#31;reute
+b f BC-MARKET-FALL-DISCUSSED   10-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARKET FALL DISCUSSED AT REAGAN LUNCH</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>President Reagan and his advisers
+discussed the stock market fall at a previously scheduled
+"issues lunch" at the White House, officials said.
+    There was no formal comment on the market slide, but an
+official suggested that a comment might be forthcoming after
+the market closed.
+     Reagan made no mention of the stock market when he gave a
+glowing account of recent economic performance at the swearing
+in of C. William Verity as Commerce Secretary.
+    He said this month would set a record for the longest
+peacetime expansion on record and added that leading indicators
+had sent a message of "steady as she goes."    
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20329" NEWID="21108">
+<DATE>19-OCT-1987 14:13:40.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2502&#31;reute
+h f BC-BANKING-CENTER-&lt;TBCX.   10-19 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKING CENTER &lt;TBCX.O> SETS INITIAL QUARTERLY</TITLE>
+<DATELINE>    WATERBURY, Conn., Oct 19 - </DATELINE><BODY>Banking Center said its board
+declared an initial quarterly dividend of 20 cts per share,
+payable December 11, record October 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20328" NEWID="21109">
+<DATE>19-OCT-1987 14:13:32.25</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2501&#31;reute
+u f BC-/BELLSOUTH-CORP-&lt;BLS>   10-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELLSOUTH CORP &lt;BLS> 3RD QTR NET</TITLE>
+<DATELINE>    ATLANTA, Oct 19 -
+    </DATELINE><BODY>Shr 87 cts vs 84 cts
+    Net 418.6 mln vs 399.2 mln
+    Revs 3.12 billion vs 2.89 billion
+    Nine mths
+    Shr 2.61 dlrs vs 2.62 dlrs
+    Net 1.25 billion vs 1.23 billion
+    Revs 9.10 billion vs 8.62 billion
+    Avg shrs 481.4 mln vs 473.6 mln
+    NOTE: Share adjusted for three-for-two stock split in
+February 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20327" NEWID="21110">
+<DATE>19-OCT-1987 14:13:23.77</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2500&#31;reute
+d f BC-DIGITAL-COMMUNICATION   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIGITAL COMMUNICATIONS &lt;DCAI.O> UNVEILS PRODUCTS</TITLE>
+<DATELINE>    REMOTE, Ore., Oct 19 - </DATELINE><BODY>Digital Communications Associates
+Inc said it unveiled two new products that allow personal
+computers not directly attached to a mainframe computer to
+communicate with the host computer.
+    The IRMAremote for Hayes AutoSync, which will cost 395
+dlrs, is a software product that allows International Business
+Machines Corp &lt;IBM> personal computers to communicate with host
+computers via dial-up telephone lines.
+    The IRMAremote X.25, costing 1,795 dlrs, uses hardware and
+software and allows personal computers to communicate with host
+computers via X.25 packet switching network.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20326" NEWID="21111">
+<DATE>19-OCT-1987 14:12:40.83</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f2496&#31;reute
+f f BC-DOW-JONES-INDUS   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW JONES INDUSTRIAL INDEX DROPS UNDER 2000 LEVEL, DOWN ALMOST 300 POINTS TODAY
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20325" NEWID="21112">
+<DATE>19-OCT-1987 14:12:05.24</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2493&#31;reute
+r f BC-RTE-CORP-&lt;RTE>-3RD-QT   10-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RTE CORP &lt;RTE> 3RD QTR NET</TITLE>
+<DATELINE>    BROOKFILED, Wis., Oct 19 -
+    </DATELINE><BODY>Shr profit 55 cts vs loss 12 cts
+    Net profit 3,998,000 vs loss 915,000
+    Sales 93.8 mln vs 80.9 mln
+    Nine mths
+    Shr profit 1.71 dlrs vs profit 95 cts
+    Net profit 12,641,000 vs profit 7,282,000
+    Sales 260.9 mln vs 249 mln
+    Note: 1986 figures include a five mln dlr or 65 cts a share
+charge for electronics restructuring and 1.7 mln dlr charge
+from early retirement of 12 mln dlrs in long-term notes
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20324" NEWID="21113">
+<DATE>19-OCT-1987 14:11:01.74</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2487&#31;reute
+u f BC-COMERICA-INC-&lt;CMCA.O>   10-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMERICA INC &lt;CMCA.O> 3RD QTR NET</TITLE>
+<DATELINE>    DETROIT, Oct 19 -
+    </DATELINE><BODY>Shr 2.17 dlrs vs 1.42 dlrs
+    Net 24,907,000 vs 16,117,000
+    Nine mths
+    Shr 4.05 dlrs vs 3.75 dlrs
+    Net 47,105,000 vs 42,874,000
+    Assets 9.66 billion vs 9.25 billion
+    Deposits 8.06 billion vs 7.80 billion
+    Loans 842.5 mln vs 711.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20323" NEWID="21114">
+<DATE>19-OCT-1987 14:10:06.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2482&#31;reute
+r f BC-ST.-JOSEPH-LIGHT-&lt;SAJ   10-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ST. JOSEPH LIGHT &lt;SAJ> 3RD QTR NET</TITLE>
+<DATELINE>    ST. JOSEPH, MO., Oct 19 - 
+    </DATELINE><BODY>Shr 84 cts vs 86 cts
+    Net 3,893,000 vs 4,054,000
+    Revs 21.0 mln vs 21.2 mln
+    Nine Mths
+    Shr 1.88 dlrs vs 1.87 dlrs
+    Net 8,707,000 vs 8,848,000
+    Revs 57.9 mln vs 59.1 mln
+    NOTE: 1986 per share adjusted for three for two stock split
+effective June 1, 1987.
+    St. Joseph Light and Power Co is full name of company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20322" NEWID="21115">
+<DATE>19-OCT-1987 14:09:34.41</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>yugoslavia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2479&#31;reute
+r f BC-YUGOSLAVIA-DEBT-PAYME   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>YUGOSLAVIA DEBT PAYMENTS TO BE ADJUSTED TO EXPORTS</TITLE>
+<DATELINE>    BELGRADE, Oct 19 - </DATELINE><BODY>Yugoslav Prime Minister Branko Mikulic,
+unveiling a new draft economic program, said Yugoslavia would
+cut repayments on its almost 20 billion lr hard currency debt
+to bring them in line with its hard currency earning capacity.
+    "We have decided to coordinate repayment of our debt with
+realistically assessed capabilities of our economy," he said in
+Parliament. He said the current debt-service ratio (over 40 pct
+of export revenue) was too high.
+    Yugoslavia is to negotiate a long-term restructuring of its
+debt after missing repayments in recent months, Mikulic said.
+    "If we did not change the dynamics of repaying our debt, the
+situation would become increasingly worse," Mikulic said.
+    He said on the present repayment schedule, Yugoslavia would
+have a net outflow of two billion dlrs and the level of debt
+would be halved by 1995. But he added:
+    "The consequences would not only mean slower economic growth
+in the coming years but also further exhaustion of the economy
+and lasting damage to the economy's capacity for development,"
+he said.
+    "All that would, of course, intensify social difficulties,"
+Mikulic added.
+    The state news agency Tanjug said on October 9 that
+Yugoslavia plans to adjust debt repayments over the next eight
+years and to cut the debt-service ratio to 25 pct.
+    Yugoslavia failed to make a principal repayment due last
+month which had already been postponed by 90 days.
+    Mikulic's proposed economic program, which also includes
+higher personal taxes as well as wage and price restraint, is
+intended to serve as a basis for the debt talks to demonstrate
+Yugoslavia's ability to eventually repay the credits.
+    His program has to be discussed and approved by parliament
+by early November.
+    Mikulic said foreign debt should be retained at about the
+same level as now until 1990 and the country should then be
+able to keep currency reserves equal to three months payments.
+    "Of course, these are our proposals for talks with
+creditors. We expect understanding and support because it is in
+their interest as well," Mikulic said.
+    He said that under the present schedule debt payments had
+slowed economic development and exhausted currency reserves.
+Banking sources say Yugoslavia's reserves are inadequate at
+present for even one month's debt and import bill.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20321" NEWID="21116">
+<DATE>19-OCT-1987 14:07:42.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2468&#31;reute
+b f BC-NYSE-SAYS-IT-IS-CONFI   10-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NYSE SAYS IT IS CONFIDENT IT CAN HANDLE VOLUME</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>The New York Stock Exchange said it is
+confident that its computer systems can handle the pace of
+trading volume today.
+    "We are confident that whatever volume we have this
+afternoon, we can handle it," said Richard Torrenzano, a vice
+president at the NYSE.
+    With two hours of trading left, a record 422 mln shares
+have traded hands, far outpacing the volume on the market's
+busiet days. The previous busiest day was last Friday, when 338
+mln shares traded.
+    "Our systems have been tested and they can handle heavy
+volume effectiviy and efficiently," Torrenzano said.
+    He said the Exchange has been in constant contact with the
+Securities and Exchange Commission concerning today's record
+breaking decline and heavy volume. He declined to comment on
+the context of those discussions.
+    Earlier today, SEC chairman David Ruder said a brief
+trading halt has been discussed as one way of restoring order
+to the market, but stressed he is not recommending one at this
+time. He did not say if the option was discussed with the NYSE.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20320" NEWID="21117">
+<DATE>19-OCT-1987 14:07:19.58</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2466&#31;reute
+u f BC-/TRW-INC-&lt;TRW>-3RD-QT   10-19 0030</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRW INC &lt;TRW> 3RD QTR NET</TITLE>
+<DATELINE>    CLEVELAND, Oct 19 -
+    </DATELINE><BODY>Shr 1.04 dlrs vs 67 cts
+    Shr diluted 1.01 dlrs vs 66 cts
+    Net 63.2 mln vs 40.5 mln
+    Sales 1.70 billion vs 1.43 billion
+    Nine mths
+    Shr 2.91 dlrs vs 2.88 dlrs
+    Shr diluted 2.85 dlrs vs 2.82 dlrs
+    Net 176.5 mln vs 172.7 mln
+    Sales 5.08 billion vs 4.49 billion
+    Avg shrs 60.3 mln vs 59.6 mln 
+    Avg shrs diluted 62.0 mln vs 61.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20319" NEWID="21118">
+<DATE>19-OCT-1987 14:06:31.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2462&#31;reute
+d f BC-INVESTOR-SUES-FIRST-N   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INVESTOR SUES FIRST NORTHERN SAVINGS &lt;FNGB.O></TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 19 - </DATELINE><BODY>Investor Donald Knutson said he filed
+a suit against First Northern Savings and Loan Association of
+Green Bay, stating his request of management for access to
+First Northern's stockholder lists had been denied.
+     Knutson owns about 9.9 pct of First Northern's outstanding
+stock. He said in his complaint he intends to use the list to
+cause a special meeting of First Northern's shareholders to be
+convened to discuss his concerns over the lack of liquidity in
+the trading market for the stock of First Northern and methods
+of increasing the value of the shares.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20318" NEWID="21119">
+<DATE>19-OCT-1987 14:05:45.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>reagan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2458&#31;reute
+d f BC-SENATE-BOSS-ASKS-REAG   10-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE BOSS ASKS REAGAN TO FIGHT STOCK FALL</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Senate Democratic leader Robert Byrd,
+pointing to panic selling on Wall Street, urged President
+Reagan to join Congress in fighting trade and budget deficits.
+    "It is time the administration put policies ahead of
+politics," Byrd said.
+    Byrd said the president needs "to begin working with
+Congress to reduce the double deficits in trade and the budget
+that cause such a cloud on this nation's future."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20317" NEWID="21120">
+<DATE>19-OCT-1987 14:05:35.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>austria</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2457&#31;reute
+r f BC-AUSTRIAN-GUARANTEE-WA   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AUSTRIAN GUARANTEE WANTED ON STATE FIRM DEBTS</TITLE>
+<DATELINE>    VIENNA, Oct 19 - </DATELINE><BODY>Head of the Chamber of Commerce's Money
+and Credit section, Hellmuth Klauhs, said the government should
+guarantee any company debts arising from the planned
+restructuring of the public sector.
+    Klauhs said that there was no doubt that the government
+would meet its obligations. "But the owner should say this
+clearly once again," he added.
+    Klauhs said 35 billion of 61 billion schillings owed by
+firms under the state holding &lt;Oesterreichische
+Industrieholding AG> (OIAG) currently had no formal state
+guarantee. Nine of the 35 billion schillings were owed to
+foreign banks.
+    Klauhs, also managing director of &lt;Genossenschaftliche
+Zentralbank AG>, said banking industry officials would discuss
+the issue with finance minister Ferdinand Lacina next month.
+    Lacina said last week a special guarantee would be
+unnecessary, as state industry had the financial power and
+enough liquidity to pay its debts.
+    The government has said the latest injection of state funds
+into OIAG to cover losses will be the last.
+    Under a restructuring plan, OIAG is to create five new
+holding companies divided by sector.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20316" NEWID="21121">
+<DATE>19-OCT-1987 14:04:57.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2456&#31;reute
+b f BC-AMEX-SAYS-IT-SURPASSE   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMEX SAYS IT SURPASSES DAILY VOLUME RECORD FOR EQUITIES FOR A SINGLE TRADING SESSION.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20315" NEWID="21122">
+<DATE>19-OCT-1987 14:04:55.20</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f2455&#31;reute
+r f BC-BALLADUR-URGES-G-7-TO   10-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR URGES G-7 TO RESPECT LOUVRE ACCORD</TITLE>
+<DATELINE>    PARIS, Oct 19 - </DATELINE><BODY>French Finance Minister Edouard Balladur
+said the Group of Seven (G-7) industrial countries should
+respect pledges on monetary policy made in the February Louvre
+accord on currency stability.
+    "We have to strengthen the cooperation between the seven
+major industrial countries and remind ourselves of the pledges
+we made at the Louvre," he told journalists.
+    "They were not simply pledges to maintain currency
+stability, but also to conduct a certain type of economic and
+monetary policy," he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20314" NEWID="21123">
+<DATE>19-OCT-1987 14:04:26.45</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f2453&#31;reute
+u f BC-SOVIET-1988-GRAIN-TAR   10-19 0144</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET 1988 GRAIN TARGET INDICATES 1987 OUTPUT</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Recent announcements from Moscow of
+next year's grain production targets indicate that the Soviets
+are estimating this year's grain crop at 205 to 213 mln tonnes,
+Agriculture Department analysts said.
+    USDA is projecting the Soviet crop at 210 mln tonnes, but
+some earlier estimates from Soviet officials were that the 1987
+grain crop could match the 1978 record of 237 mln tonnes.
+    Moscow outlined its economic targets for 1988 on Monday,
+putting the grain harvest goal at 235 mln tonnes. An analyst of
+Soviet agriculture at USDA noted that a recent article in
+Izvestia said Soviet grain production in 1988 is planned to be
+"25 to 30 mln tonnes more than expected this year."
+    "This indicates that their own estimate is for a 205 to 213
+mln tonne (grain) crop," the analyst said.
+   
+    In calculating Moscow's crop estimate, USDA used the 235
+mln tonne production goal, as well as a 238 mln tonne figure
+published in a Soviet economic journal this month.
+    USDA's production estimate of 210 mln tonnes reflects a
+range of 207 to 212 mln tonnes, a USDA source said.
+    Late season rains damaged Soviet crops, slowed harvest
+progress and lowered Soviet production, analysts said.
+    While in the U.S. earlier this month, Soviet agriculture
+official Viktor Nikonov predicted that the grain crop would be
+as good or better than last year's 210 mln tonne harvest.
+    A member of Nikonov's party commented that although 230 mln
+tonnes of grain were in the fields, harvest problems would
+bring the final crop down to around 210 mln tonnes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20313" NEWID="21124">
+<DATE>19-OCT-1987 14:04:15.98</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E RM 
+&#22;&#22;&#1;f2452&#31;reute
+f f BC-CANADA-750-MLN-DLR-T-   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+*****<TITLE>CANADA 750 MLN DLR T-BILL ISSUE YIELD AVERAGE 8.60 PCT - OFFICIAL           
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20312" NEWID="21125">
+<DATE>19-OCT-1987 14:03:17.43</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2447&#31;reute
+f f BC-BELLSOUTH-CORP   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BELLSOUTH CORP 3RD QTR SHR 87 CTS VS 84 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20311" NEWID="21126">
+<DATE>19-OCT-1987 14:02:19.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>indonesia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2445&#31;reute
+d f BC-&lt;GLOBAL-MOTORS>-TO-MA   10-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;GLOBAL MOTORS> TO MARKET INDONESIAN VEHICLES</TITLE>
+<DATELINE>    UPPER SADDLE RIVER, N.J., Oct 19 - </DATELINE><BODY>Global Motors Inc said
+it has agreed to become become the exclusive North American
+importer of the Lincan Gama, a four-wheel-drive sport vehicle
+manufactured by &lt;P.T. Indauda> of Indonesia.
+    In a letter of intent it signed with P.T. Indauda, Global
+said it expects to begin marketing the first Lincan Gamas in
+mid-1989, with 20,000 units projected to be marketed in the
+first year.
+    Global is the parent company of Yugo America Inc, importer
+of the Yugoslavian Yugo vehicle.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20310" NEWID="21127">
+<DATE>19-OCT-1987 14:01:51.54</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2443&#31;reute
+f f BC-FIRST-BOSTON-IN   10-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FIRST BOSTON INC 3RD QTR SHR 1.15 DLRS VS 76 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20309" NEWID="21128">
+<DATE>19-OCT-1987 14:00:30.12</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2437&#31;reute
+b f BC-/FED'S-JOHNSON-SAYS-L   10-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S JOHNSON SAYS LOUVRE ACCORD STILL VITAL</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Federal Reserve Board Vice Chairman
+Manuel Johnson said the Louvre Accord is still healthy, but
+said the United States and West Germany must work out
+differences over their respective roles in fulfilling the
+accord.
+    "The Louvre Accord has worked very well in terms of
+stabilizing exchange rates," he said in response to a question
+during an American Stock Exchange conference here.
+    He said exchange rates have been stable so far in 1987 as a
+result of the accord.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20308" NEWID="21129">
+<DATE>19-OCT-1987 14:00:00.43</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2436&#31;reute
+u f BC-M.A.-HANNA-CO-&lt;HNM>-T   10-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>M.A. HANNA CO &lt;HNM> TO ACQURE &lt;PMS CONSOLIDATED></TITLE>
+<DATELINE>    CLEVELAND, Oct 19 - </DATELINE><BODY>M.A. Hanna Co said it has reached 
+definitive agreement to purchase PMS Consolidated, a privately
+owned manufacturer of colorants for the plastics industry.
+    M.A. Hanna said the purchase, which is subject to certain
+conditions, is scheduled to close around the end of October.
+Hanna announced last August that it was in negotiaitons to
+purchase the company.
+    Headquartered in Somerset, N.J., PMS reported over 70 mln
+dlrs in revenues in its last fiscal year, which ended May 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20307" NEWID="21130">
+<DATE>19-OCT-1987 13:59:50.85</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2435&#31;reute
+b f BC-/FED'S-JOHNSON-SEES-E   10-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S JOHNSON SEES EASING OF INFLATIONARY FEARS</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Federal Reserve Board Vice-Chairman
+Manuel Johnson said the inflationary expectations in the
+financial markets have eased since the Fed's last half-point
+increase in its discount rate to 6.0 pct.
+    "We have seen the kind of expectational forces develop I
+think that we've been satisfied with since our last discount
+rate move," Johnson said.
+    Fed Chairman Alan Greenspan has said the most recent
+discount rate increase on September 4 was largely aimed at
+quelling inflationary fears in financial markets which he said
+were largely unfounded.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20306" NEWID="21131">
+<DATE>19-OCT-1987 13:58:27.47</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>uk</D><D>usa</D><D>iran</D><D>kuwait</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>opec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM Y 
+&#22;&#22;&#1;f2430&#31;reute
+u f BC-AMPLE-SUPPLIES-LIMIT   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMPLE SUPPLIES LIMIT U.S. STRIKE'S OIL PRICE IMPACT</TITLE>
+<AUTHOR>    By Ian Jones</AUTHOR>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>Ample supplies of OPEC crude weighing on
+world markets helped limit and then reverse oil price gains
+that followed the U.S. Strike on an Iranian oil platform in the
+Gulf earlier on Monday, analysts said.
+    December loading rose to 19.65 dlrs, up 45 cents before
+falling to around 19.05/15 later, unchanged from last Friday.
+    "Fundamentals are awful," said Philip Lambert, analyst with
+stockbrokers Kleinwort Grieveson, adding that total OPEC
+production in the first week of October could be above 18.5 mln
+bpd, little changed from September levels.
+    Peter Nicol, analyst at Chase Manhattan Bank, said OPEC
+production could be about 18.5-19.0 mln in October. Reuter and
+International Energy Agency (IEA) estimates put OPEC September
+production at 18.5 mln bpd.
+    The U.S. Attack was in retaliation of last Friday's hit of
+a Kuwaiti oil products tanker flying the U.S. Flag, the Sea
+Isle City. It was struck by a missile, believed to be Iranian,
+in Kuwaiti waters, and was the first hit on a U.S. Flag
+commercial vessel in the seven year Iran/Iraq war.
+    The U.S. Owned Liberian flag tanker Sungari was hit in the
+area on Thursday, also believed struck by an Iranian missile.
+    Refiners were not significant purchasers of physical oil on
+Monday as a result increased Gulf tension following the U.S.
+Attack, analysts said.
+    They said a closure of the Strait of Hormuz, through which
+around eight mln bpd passes, isnlikely because it is not in
+the interests of the U.S. Or Iran, they said.
+    Any threat to oil supplies would stem from an increase in
+the number of tanker attacks as part of a widening of Gulf
+hostilities, analysts said.
+    But they saw the U.S. Strike as a limited reply to Iranian
+missile attacks, with some describing it as responsible.
+    Geoffrey Pyne, analyst at stockbrokers Phillips and Drew,
+said he was impressed by the sensible U.S. Response.
+    "The U.S. Has thought carefully about what would correspond
+to Iranian agression. They have proved to the Iranians that any
+further action will be met with a like-for-like response.
+Today's action by the U.S. Was not escalatory," Pyne said.
+    Kleinwort Grieveson's Lambert said the U.S. Strike was "a
+responsible retaliation," with the U.S. Apparently indicating to
+Iran that it could increase the severity of its attacksf Iran
+chose to raise the level of conflict.
+    Chase Manhattan's Nicol took a different view, however.
+    He said he was unable to see what the U.S. Had achieved as
+Arab states such as Kuwait and Saudi Arabia, whose interests
+the U.S. Is supposedly defending, will feel less secure as a
+result of the U.S. Attack and fear some sort of Iranian
+retaliation.
+    The initial upward market move this morning reflected a
+strong speculative reaction to rumours of a U.S. Attack which
+was thought at one stage to have been against Iranian missile
+launchers on the Faw Peninsula, close to Kuwait, analysts said.
+    The later downtrend followed confirmation of a U.S. Navy
+attack on an Iranian oil platform by the U.S. Defence Secretary
+Caspar Weinburger.
+    Market operators were able to evaluate the situation in the
+Gulf on the basis of confirmed fact, and finding it less
+serious than first thought, took profits, taking prices lower,
+analysts and traders said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20305" NEWID="21132">
+<DATE>19-OCT-1987 13:58:00.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2429&#31;reute
+a f BC-&lt;TOTAL-RESEARCH-CORP>   10-19 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;TOTAL RESEARCH CORP> FISCAL 1987 NET</TITLE>
+<DATELINE>    PRINCETON, N.J., Oct 19 - </DATELINE><BODY>June 30 end
+    Shr 0.3 ct vs four cts
+    Net 18,463 vs 174,486
+    Revs 5,074,686 vs 4,181,978
+    Avg shrs 5,624,041 vs 4,860,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20304" NEWID="21133">
+<DATE>19-OCT-1987 13:56:40.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2424&#31;reute
+a f BC-COMMUNICATIONS-AND-CA   10-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMMUNICATIONS AND CABLE &lt;CCAB.O> BUYS STAKE</TITLE>
+<DATELINE>    WEST PALM BEACH, Fla., Oct 19 - </DATELINE><BODY>Communications and Cable
+Inc said it acquired about 21 pct of the outstanding shares of
+Imnet Corp, a privately owned company that designs, makes and
+services proprietary image storage and retrieval systems. Terms
+were not disclosed.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20303" NEWID="21134">
+<DATE>19-OCT-1987 13:56:34.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>ecuador</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2423&#31;reute
+h f BC-BALTEK-&lt;BTEK.O>-BUYS   10-19 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALTEK &lt;BTEK.O> BUYS ECUADORIAN PLANT</TITLE>
+<DATELINE>    NORTHVALE, N.J., Oct 19 - </DATELINE><BODY>Baltek Corp said it has acquired
+a shrimp packing plant in Ecuador for undisclosed terms.
+    The company said the acquisition will result in a tripling
+of its Ecuadorian shrimp sales to about three mln pounds
+annually by 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20302" NEWID="21135">
+<DATE>19-OCT-1987 13:56:30.44</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2422&#31;reute
+h f BC-GENDEX-CORP-&lt;XRAY.O>   10-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENDEX CORP &lt;XRAY.O> 2ND QTR SEPT 30 NET</TITLE>
+<DATELINE>    MILWAUKEE, WIS., Oct 19 - 
+    </DATELINE><BODY>Shr nine cts vs six cts
+    Net 242,000 vs 135,000
+    Sales 4,003,000 vs 2,968,000
+    Six Mths
+    Shr 17 cts vs 14 cts
+    Net 414,000 vs 297,000
+    Sales 7,54,000 vs 5,912,000
+    Avg shrs 2.4 mln vs 2.1 mln
+    NOTE: 1986 net includes tax credits equal to one cent in
+the quarter and two cts in the six months.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20301" NEWID="21136">
+<DATE>19-OCT-1987 13:56:25.21</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2421&#31;reute
+d f BC-BEN-AND-JERRY'S-HOMEM   10-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEN AND JERRY'S HOMEMADE INC &lt;BJIC.O> EIGHT MTHS</TITLE>
+<DATELINE>    WATERBURY, Vt., Oct 19 -
+    </DATELINE><BODY>Shr 42 cts vs 32 cts
+    Net 1,076,572 vs 826,939
+    Sales 20.5 mln vs 12.5 mln
+    NOTE: Company released results in connection with filing
+for Class A common stock offering.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20300" NEWID="21137">
+<DATE>19-OCT-1987 13:56:20.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2420&#31;reute
+d f BC-ENSECO-&lt;NCCO.O>-GETS   10-19 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ENSECO &lt;NCCO.O> GETS EPA CONTRACT</TITLE>
+<DATELINE>    CAMBRIDGE, Mass, Oct 19 - </DATELINE><BODY>Enseco Inc said it has received
+4,600,000 dlrs in contract from the U.S. Environmental
+Protection Agency to test samples in support of the Superfund
+program over a 30-month period and to perform special
+analytical services.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20299" NEWID="21138">
+<DATE>19-OCT-1987 13:56:06.59</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>france</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2418&#31;reute
+b f BC-BALLADUR-URGES-G-7-TO   10-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR URGES G-7 TO RESPECT LOUVRE ACCORD</TITLE>
+<DATELINE>    PARIS, Oct 19 - </DATELINE><BODY>French Finance Minister Edouard Balladur
+said the Group of Seven (G-7) industrial countries should
+respect pledges on monetary policy made in the February Louvre
+accord on currency stability.
+    "We have to strengthen the cooperation between the seven
+major industrial countries and remind ourselves of the pledges
+we made at the Louvre," he told journalists.
+    "They were not simply pledges to maintain currency
+stability, but also to conduct a certain type of economic and
+monetary policy," he added.
+    Balladur's comments came after U.S. Treasury Secretary
+James Baker said on Sunday that the U.S. Would have to
+re-examine the Louvre accords in the light of the rise in West
+German short-term interest rates.
+    Balladur was one of the main architects of the Louvre
+accord and has invested considerable political capital in
+defending them.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20298" NEWID="21139">
+<DATE>19-OCT-1987 13:55:59.05</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2417&#31;reute
+f f BC-TRW-INC-3RD-QTR   10-19 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRW INC 3RD QTR SHR 1.01 DLRS VS 66 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20297" NEWID="21140">
+<DATE>19-OCT-1987 13:55:41.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2414&#31;reute
+d f BC-BANCTEXAS-&lt;BTX>-TO-SE   10-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANCTEXAS &lt;BTX> TO SELL AFFILIATE</TITLE>
+<DATELINE>    DALLAS, Oct 19 - </DATELINE><BODY>BancTEXAS Group Inc said it has signed a
+definitive agreement to sell its BancTEXAS Sulphur Springs
+affiliate to a group of local investors led by Gene Watson for
+a cash amount equal to book value at the time of the sale,
+subject to regulatory approvals.
+    The unit had assets of 18.2 mln dlrs as of September 30.
+    BancTEXAS said it plans to concentrate on its primary
+market, the Dallas area.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20296" NEWID="21141">
+<DATE>19-OCT-1987 13:55:11.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2410&#31;reute
+r f BC-TRW-&lt;TRW>-UNIT-GETS-3   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRW &lt;TRW> UNIT GETS 36.7 MLN DLRS IN CONTRACTS</TITLE>
+<DATELINE>    FAIRFAX, Va, Oct 19 - </DATELINE><BODY>TRW Inc's Federal Systems Group said
+it received 36.7 mln dlrs in U.S. Navy contracts to begin a
+system upgrade of its anti-submarine warfare operations center
+for the Space and Naval Warfare Systems command.
+    The award is the start of a seven-year full-scale
+engineering development effort with a potential value of 90 mln
+dlrs, the company said. In subsequent phases, TRW said it will
+deliver, install, test and support the new system at five Navy
+sites.
+    The anti-submarine warfare operations center interacts with
+multiple aircraft, command centers and support systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20295" NEWID="21142">
+<DATE>19-OCT-1987 13:54:58.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2408&#31;reute
+u f BC-TALMAN-HOME-FEDERAL-&lt;   10-19 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TALMAN HOME FEDERAL &lt;TLMN.O> 3RD QTR OPER NET</TITLE>
+<DATELINE>    CHICAGO, Oct 19 -
+    </DATELINE><BODY>Oper shr 17 cts vs not available
+    Oper net 1,619,000 vs 6,354,000
+    Nine Mths
+    Oper shr 80 cts vs not available
+    Oper net 7,675,000 vs 22,669,000
+    Assets 6.06 billion vs 5.74 billion
+    Loans 3.11 billion vs 3.33 billion
+    Deposits 4.57 billion vs 4.83 billion
+   
+    NOTE: 1987 operating net excludes tax credits of 3.9 mln
+dlrs or 40 cts a share in the quarter and 8.1 mln dlrs or 85
+cts in the nine months period.
+    1986 nine months operating net excludes prepayment
+penalties on early retirement of loans of 736,000 dlrs.
+    Talman Home Federal Savings and Loan Association, Chicago
+is full name of company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20294" NEWID="21143">
+<DATE>19-OCT-1987 13:54:35.22</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2405&#31;reute
+d f BC-ALLWASTE-&lt;ALWS.O>-TO   10-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLWASTE &lt;ALWS.O> TO ACQUIRE FIRM</TITLE>
+<DATELINE>    HOUSTON, Oct 19 - </DATELINE><BODY>Allwaste Inc said it entered into an
+agreement in principle to buy Tank Cleaning Co, a
+privately-held company that cleans tank trailers, in exchange
+for about 1.3 mln shares or Allwaste common.
+    Allwaste said that Tank Cleaning earned about one mln dlrs
+before taxes last year and had about 1.5 mln dlrs in pre-tax
+income for the nine months ended September 30.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20293" NEWID="21144">
+<DATE>19-OCT-1987 13:54:15.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f2402&#31;reute
+r f BC-GEAC-COMPUTER-&lt;GAC.TO   10-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEAC COMPUTER &lt;GAC.TO> LEAVES RECEIVERSHIP</TITLE>
+<DATELINE>    TORONTO, Oct 19 - </DATELINE><BODY>Geac Computer Corp Ltd said the Supreme
+Court of Ontario has signed an order approving the company's
+proposal for repayment of its creditors and releasing the
+company from receivership.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20292" NEWID="21145">
+<DATE>19-OCT-1987 13:54:01.66</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2400&#31;reute
+u f BC-CATERPILLAR-&lt;CAT>-SEE   10-19 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATERPILLAR &lt;CAT> SEES HIGHER FISCAL 1987 NET</TITLE>
+<DATELINE>    PEORIA, Ill, Oct 19 - </DATELINE><BODY>Caterpillar Inc said it expects 1987
+full year sales and profits to be "substantially better" than
+1986 results, following improved third-quarter performance.
+    Third-quarter earnings of the heavy machinery manufacturer
+increased to 146 mln dlrs, or 1.47 dlrs a share, from net loss
+of 26 mln dlrs, or 26 cts, in the 1986 quarter. Sales rose to
+2.25 billion dlrs from 1.82 billion dlrs last year.
+    A weaker U.S. dollar strengthened Caterpillar's position
+against foreign manufacturers and permitted price increases and
+boosted sales, while a cost-cutting program lowered costs
+significantly, the company said of third-quarter results.
+   
+    Continuation of the cost-reduction program, which is to
+pare costs by 15 to 20 pct from 1986 to 1990, and a further
+anticipated improvement in its price competitiveness are
+expected to contribute to higher full year 1987 profits,
+Caterpillar said.
+    In 1986, the company earned 76 mln dlrs or 77 cents a
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20291" NEWID="21146">
+<DATE>19-OCT-1987 13:53:34.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2398&#31;reute
+r f BC-NORTHEAST-SAVINGS-F.A   10-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHEAST SAVINGS F.A. &lt;NSB> 2ND QTR NET LOSS</TITLE>
+<DATELINE>    HARTFORD, Conn., Oct 19 -
+    </DATELINE><BODY>Shr loss 1.39 dlrs vs profit 1.20 dlrs
+    Net loss 5,306,000 vs profit 7,246,000
+    Six mths
+    Shr loss 18 cts profit 2.23 dlrs
+    Net profit 3,259,000 vs profit 14.2 mln
+    Assets 6.79 billion vs 5.42 billion
+    Deposits 3.99 billion vs 3.38 billion
+    Loans 4.92 billion vs 4.53 billion
+    NOTE: 1987 six mths per share includes preferred stock
+dividend payments.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20290" NEWID="21147">
+<DATE>19-OCT-1987 13:53:18.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2396&#31;reute
+r f BC-LSI-LOGIC-&lt;LLSI.O>-DE   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LSI LOGIC &lt;LLSI.O> DEVELOPS NEW COMPUTER CHIP</TITLE>
+<DATELINE>    SANTA CLARA, Calif., Oct 19 - </DATELINE><BODY>LSI Logic Corp said it has
+developed a semi-custom microchip that is twice as dense as the
+most complex chip now available.
+    The new microchip, LCA 100K Compacted Array Plus, has
+100,000 usable gate arrays, or the equivalent of 400,000
+transistors for designing custom chips, the company said.
+    Production of the new chip will begin in about 15 months,
+said LSI Chairman Wilfred Corrigan.
+    The microchip can be used in products including computers,
+telecommunications and military equipment, allowing them to
+operate faster with improved reliability, the company said.
+    "This technology will pave the way for new uses in
+artificial intelligence, speech recognition and speech
+synthesis, as well as digital signal processing and image
+processing," Corrigan said. He also predicted the microchip
+will add about five pct to the company's revenues next year.
+    Analyst Millard Phelps of Hambrecht and Quist Inc said he
+expects LSI to finish its 1987 fiscal year with per share
+earnings of 24 cts, on sales of 252 mln dlrs. He put 1988
+earnings at 60 cts per share on 330 mln dlrs in sales.
+   In the nine months ended Sept 27, LSI had earnings of 14 cts
+per share, or 5,560,000 dlrs, on 183.9 mln dlrs in sales.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20289" NEWID="21148">
+<DATE>19-OCT-1987 13:53:07.87</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2395&#31;reute
+r f BC-MARINE-CORP-&lt;MCOR.O>   10-19 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARINE CORP &lt;MCOR.O> 3RD QTR NET</TITLE>
+<DATELINE>    SPRINGFIELD, Ill., Oct. 19 -
+    </DATELINE><BODY>Shr 30 cts vs 30 cts
+    Net 1,804,000 vs 1,800,000
+    Nine mths
+    Shr 89 cts vs 79 cts
+    Net 5,334,000 vs 4,496,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20288" NEWID="21149">
+<DATE>19-OCT-1987 13:52:56.47</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>cyprus</D><D>iran</D><D>usa</D><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2393&#31;reute
+u f BC-IRAN-VOWS-REPRISAL-FO   10-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN VOWS REPRISAL FOR U.S. ATTACK ON OIL RIG</TITLE>
+<DATELINE>    NICOSIA, Oct 19 - </DATELINE><BODY>Iran said several people were injured in
+Monday's U.S. Attack on an Iranian offshore oil site and vowed
+retaliation, Tehran radio reported.
+    It quoted President Ali Khamenei as saying, "We will
+definitely retaliate and will not leave this American move
+unanswered."
+    A broadcast monitored in Nicosia said several civilian
+personnel on the Rashadat oil platforms in the Gulf east of
+Qatar were injured when U.S. Warships bombarded them this
+afternoon. It described damage as "severe."
+    Washington said four American frigates shelled and
+destroyed two Iranian platforms at the Rashadat (formerly
+Rostam) field at 1100 GMT on Monday in response to Friday's
+missile attack on a U.S.-flag ship in Kuwaiti waters.
+    The U.S. Said Iranians used the platforms for military
+pruposes and had fired on an American helicopter from the rigs
+earlier this month.
+    Khamenei denied that the platforms had military gear or
+personnel and said the U.S. Attack lacked miltary value.
+    "With this move Mr. Reagan has committed a big mistake and
+has definitely increased his problems...
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20287" NEWID="21150">
+<DATE>19-OCT-1987 13:52:49.97</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2392&#31;reute
+r f BC-BELL-ATLANTIC-&lt;BEL>-U   10-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL ATLANTIC &lt;BEL> UNIT SELLS FIVE-YEAR NOTES</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Chesapeake and Potomac Telephone Co of
+Maryland, a unit of Bell Atlantic Corp, is raising 100 mln dlrs
+via an offering of notes due 1992 with a 10-1/4 pct coupon and
+par pricing, said lead underwriter Morgan Stanley.
+    That is 46 basis points more than the yield of comparable
+Treasury securities.
+    Non-callable for life, the issue is rated Aa-3 by Moody's
+Investors Service and AA-minus by Standard and Poor's. Late
+last week, Moody's and S and P downgraded the telephone
+company's debt ratings, underwriters noted.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20286" NEWID="21151">
+<DATE>19-OCT-1987 13:51:55.05</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2384&#31;reute
+f f BC-FED'S-JOHNSON-S   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS LOUVRE ACCORD ALIVE, BUT CITES U.S.-GERMAN DIFFERENCES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20285" NEWID="21152">
+<DATE>19-OCT-1987 13:51:30.39</DATE>
+<TOPICS><D>grain</D><D>veg-oil</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2379&#31;reute
+u f BC-U.S-SENATE-PANEL-VOTE   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S SENATE PANEL VOTES TO LIMIT COUNTY LOAN DROP</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>The Senate Agriculture committee voted
+to limit changes in county loan rate differentials starting
+with the 1988 crop as part of a budget deficit reduction
+package.
+    The panel also approved measures that could trigger larger
+corn and wheat acreage reduction requirements, increase
+farmer-held reserve storage payments, reduce a potential milk
+support price cut, and require advance deficiency payments for
+producers of major crops.
+    A proposal to require imported tropical oils be labeled on
+U.S. food products failed by a 10-8 vote.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20284" NEWID="21153">
+<DATE>19-OCT-1987 13:51:21.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2378&#31;reute
+u f BC-NABET-SAYS-MOST-UNITS   10-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NABET SAYS MOST UNITS ACCEPT NBC CONTRACT</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>A spokesman for the National Association
+of Broadcast Employees and Technicians said it is studying its
+next moves in its strike against the National Broadcasting Co
+after 12 of its units voted to accept a contract proposal and
+two small units voted to reject.
+    The spokesman said the union will make a further
+announcement later today after union leaders had a chance to
+confer. The only units voting to reject were a Chicago couriers
+group and a Los Angeles plant maintenance group. The spokesman
+said the two units represented 37 votes out of approximately
+2800. NBC is a unit of General Electric Co &lt;GE>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20283" NEWID="21154">
+<DATE>19-OCT-1987 13:50:14.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2372&#31;reute
+f f BC-NEW-YORK-STOCK   10-19 0016</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEW YORK STOCK EXCHANGE TRADES MORE THAN 400 MLN SHARES FOR FIRST TIME IN A SINGLE SESSION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20282" NEWID="21155">
+<DATE>19-OCT-1987 13:49:19.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2367&#31;reute
+r f BC-ANALOG-DEVICES-&lt;ADI>   10-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANALOG DEVICES &lt;ADI> MAY REPURCHASE SHARES</TITLE>
+<DATELINE>    NORWOOD, Mass, Oct 19 - </DATELINE><BODY>Analog Devices Inc said it may
+repurchase up to one mln of its 46 mln common shares
+outstanding on the open market over the next several months for
+use in its employee stock purchase and stock option plans.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20281" NEWID="21156">
+<DATE>19-OCT-1987 13:49:15.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2366&#31;reute
+r f BC-TACO-VIVA-&lt;TVIV.O>-NA   10-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TACO VIVA &lt;TVIV.O> NAMES NEW PRESIDENT</TITLE>
+<DATELINE>    POMPANO BEACH, Fla., Oct 19 - </DATELINE><BODY>Taco Viva Inc said it named
+Donald Ryan as president and chief operating officer of the
+company.
+    He assumes the president's slot formerly held by J. Brion
+Foulke III, who retains his positions as chairman and chief
+executive officer, the company said.
+    Ryan most recenty served as president of &lt;Interim
+Restaurant Management Inc>, a firm specializing in rejuvenating
+operations of ailing restaurant chains.
+    Ryan will join Taco Viva in early November, the company
+said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20280" NEWID="21157">
+<DATE>19-OCT-1987 13:47:55.19</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2358&#31;reute
+b f BC-/FED'S-JOHNSON-WARNS   10-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED'S JOHNSON WARNS AGAINST LOWER DOLLAR</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Federal Reserve Board Vice-Chairman
+Manuel Johnson cautioned against seeking "quick-fix solutions" to
+persistent U.S. trade and federal budget deficits.
+    In particular, he told an American Stock Exchange
+conference, a decline in the dollar below current levels would
+exacerbate financial market conditions.
+    "Trying to artificially depress the dollar severely below
+current levels ... would exacerbate financial market conditions
+and lead to further potential for financial problems."
+    Nowhere, Johnson said, are Fed officials hearing that U.S.
+businesses cannot compete at current exchange rates.
+    He acknowledged the U.S. trade deficit was persisting
+despite a decline in the dollar's value of 40 to 50 pct in the
+past two years.
+    But the deficit is improving in volume terms and will soon
+begin showing improvement.
+    "The stage I think is being set for a healthy, constructive
+expansion without inflationary instability," he said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20279" NEWID="21158">
+<DATE>19-OCT-1987 13:47:01.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D><D>uk</D><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2355&#31;reute
+u f BC-SWISS-PLAN-CHANGE-IN   10-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS PLAN CHANGE IN LIQUIDITY REQUIREMENT</TITLE>
+<DATELINE>    BERNE, Oct 19 - </DATELINE><BODY>The Swiss Banking Commission hopes to
+introduce a major reform of the banking system in January which
+would revolutionise the workings of the country's unusual
+liquidity requirements.
+    Commission Director Kurt Hauri told Reuters the main
+consequence of the change would be an end to the sharp rise in
+interest rates which occurs at the end of every month.
+    By effectively reducing liquidity requirements, it would
+also help Swiss banks compete better against those in Britain,
+West Germany and the United States, he said.
+    The commission wants to move to a system of average
+liquidity requirements, where banks have to hold reserves
+equivalent to a certain proportion of their exposure calculated
+over the month as a whole.
+    The current system, described  as a Swiss special case by
+Hauri, forces banks to comply with requirements generally only
+at the end of each month.
+    The result is a sharp upward trend in short dated money
+market rates, overshadowed by the approach of the end-month,
+called the ultimo, with consequent high costs for the banks who
+are forced to borrow extra funds from the National Bank.
+    This was particularly pronounced in June 1986 when
+overnight rates hit triple figures, due to a combination of the
+half-year end and a rigid adherence by the National Bank to its
+money supply target. Although the rise shocked the bank into
+more flexibility, the problem remained.
+    The reform proposal, which Hauri said had been planned for
+years, was given to banks and other interested parties for
+comment on September 30.
+    They have until the end of this month to suggest
+alterations. Subject to such changes, and to the government
+go-ahead, it will come into force on January 1, Hauri said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20278" NEWID="21159">
+<DATE>19-OCT-1987 13:46:48.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f2354&#31;reute
+r f BC-REPUBLIC-&lt;RNB>-UNIT'S   10-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>REPUBLIC &lt;RNB> UNIT'S NOTES YIELD 9.612 PCT</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Republic National Bank of New York, a
+unit of Republic New York Corp, is offering 100 mln dlrs of
+notes due 1989 yielding 9.612 pct, said sole manager Salomon
+Brothers Inc.
+    The notes have a 9-1/2 pct coupon and were priced at 99.80
+to yield 63 basis points more than the when-issued two-year
+Treasury notes.
+    Non-callable for life, the issue is rated Aa-1 by Moody's
+Investors Service Inc and AA by Standard and Poor's Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20277" NEWID="21160">
+<DATE>19-OCT-1987 13:46:41.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2353&#31;reute
+r f BC-INFOTRON-&lt;INFN.O>-NAM   10-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INFOTRON &lt;INFN.O> NAMES NEW CHIEF EXECUTIVE</TITLE>
+<DATELINE>    CHERRY HILL, N.J., Oct 19 - </DATELINE><BODY>Infotron Systems Corp said
+James C. Castle has been named president and chief executive
+officer, succeeding James C. Hann, who becomes vice chairman
+and will focus on product technology issues.
+    Castle had been president of TBG Information Systems Inc, a
+subsidiary of Thyssen AG &lt;THYH.G>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20276" NEWID="21161">
+<DATE>19-OCT-1987 13:46:11.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2349&#31;reute
+f f BC-FED'S-JOHNSON-S   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS INFLATIONARY FEARS CALMER SINCE LAST DISCOUNT RATE RISE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20275" NEWID="21162">
+<DATE>19-OCT-1987 13:45:24.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2345&#31;reute
+r f BC-AMR-&lt;AMR>-UNIT-TO-BUY   10-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMR &lt;AMR> UNIT TO BUY NINE SMALL PLANES</TITLE>
+<DATELINE>    FORT WORTH, Texas, Oct 19 - </DATELINE><BODY>AMR Corp said its Nashville
+Eagle Inc subsidiary will acquire nine 19-seat Metro III
+airplanes in separate agreements with Fairchild Industries
+Inc's &lt;FEN> Fairchild Aircraft Corp unit and &lt;Midstate Airlines
+Inc>.
+    Terms of the agreements were not disclosed.
+    The company said the pre-owned airplanes will begin during
+the fourth quarter of this year.
+    Nashville operates more than 100 commuter flights daily to
+16 cities that connect to AMR's American Airlines' daily
+flights at the Nashville terminal in Fort Worth, Texas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20274" NEWID="21163">
+<DATE>19-OCT-1987 13:45:16.81</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2344&#31;reute
+f f BC-Balladur-urges-G-7-to   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Balladur urges G-7 to respect pledges on monetary policy in Louvre accord
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20273" NEWID="21164">
+<DATE>19-OCT-1987 13:44:15.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2341&#31;reute
+r f BC-PIONEER-STANDARD-ELEC   10-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PIONEER-STANDARD ELECTRONICS INC &lt;PIOS.O>2ND QTR</TITLE>
+<DATELINE>    CLEVELAND, Oct 19 - </DATELINE><BODY>Periods ended September 30
+    Oper shr 24 cts vs six cts
+    Oper net 1,297,881 vs 312,295
+    Sales 60.5 mln vs 52.2 mln
+    First half
+    Oper shr 39 cts vs 13 cts
+    Oper net 2,099,679 vs 711,530
+    Sales 118.1 mln vs 103.7 mln
+    NOTE: 1986 operating net excludes losses from discontinued
+operations of 154,661 dlrs, or three cts a share, in quarter
+and 409,476 dlrs, or seven cts a share, in half.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20272" NEWID="21165">
+<DATE>19-OCT-1987 13:43:28.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2337&#31;reute
+r f BC-CITIZENS-FINANCIAL-GR   10-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITIZENS FINANCIAL GROUP INC &lt;CITN.O> 3RD QTR</TITLE>
+<DATELINE>    PROVIDENCE, R.I., Oct 19 -
+    </DATELINE><BODY>Shr 43 cts vs 55 cts
+    Net 6,262,000 vs 7,948,000
+    Nine mths
+    Shr 1.30 dlrs vs 1.54 dlrs
+    Net 18.8 mln vs 22.3 mln
+    Assets 2.4 billion vs 2.1 billion
+    NOTE: Prior year amounts restated to reflect 2-for-1 stock
+split effective May 15, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20271" NEWID="21166">
+<DATE>19-OCT-1987 13:42:40.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2335&#31;reute
+r f BC-IRWIN-MAGNETIC-SYSTEM   10-19 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRWIN MAGNETIC SYSTEMS INC &lt;IRWN> 1ST QTR NET</TITLE>
+<DATELINE>    ANN ARBOR, Mich, Oct 19 - </DATELINE><BODY>Period ended Sept 27
+    Shr nine cts vs 24 cts
+    Net 474,000 vs 880,000
+    Sales 11.2 mln vs 11.8 mln
+    Avg shrs 5,369,555 vs 3,654,986
+    Note: 1986 figures include tax credits of 113,000 dlrs or
+three cts a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20270" NEWID="21167">
+<DATE>19-OCT-1987 13:42:19.46</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2332&#31;reute
+b f BC-MARKETS   10-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CLOSING OF MARKETS NOT UNDER DISCUSSION, SEC SAYS</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Federal securities regulators are not
+discussing a move to close U.S. securities markets, a
+spokesperson for the Securities and Exchange Commission said.
+    The SEC "...is not discussing closing the nation's
+securities markets," the SEC said today in a prepared
+statement.
+    The Commission said it is "is concerned about current
+market conditions, is closely monitoring the situation and is
+in regular contact with the various markets and other
+regulatory bodies."
+    An SEC spokesperson emphasized that the SEC has not been in
+contact with Reagan administration officials concerning today's
+market activity, or any response to the volatile U.S. stock
+market.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20269" NEWID="21168">
+<DATE>19-OCT-1987 13:41:13.62</DATE>
+<TOPICS><D>grain</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f2325&#31;reute
+f f BC-U.S.-SENATE-PAN   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. SENATE PANEL VOTES TO LIMIT COUNTY LOAN RATE  CHANGES STARTING WITH 1988 CROPS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20268" NEWID="21169">
+<DATE>19-OCT-1987 13:40:57.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2324&#31;reute
+d f AM-COURT-KHASHOGGI   10-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHROP MUST PAY KHASHOGGI FIRM - U.S. COURT</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>The Supreme Court let stand a ruling
+that Northrop Corp &lt;NOC> must pay 31 mln dlrs to a company
+controlled by Saudi businessman Adnan Khashoggi.
+    The court denied a Northrop appeal challenging a U.S.
+arbitration tribunal's ruling that it pay 31 mln dlrs in
+commissions and interest stemming from arms contracts it won
+from Saudi Arabia in the early 1970s.
+    Northrop, seeking to sell F-5 fighter aircraft and
+supporting services to Saudi Arabia, hired Khashoggi's firm in
+1970 as its marketing representative.
+    Northrop paid more than 17 mln dlrs in commissions to
+Khashoggi's firm, Triad International Marketing, from 1971 to
+1975. U.S. Defense Department records showed that Northrops'
+sales to Saudi Arabia during this period totaled 4.2 billion
+dlrs.
+    The legal battle dates back to 1979, when Khashoggi began
+arbitration proceedings seeking payment of more than 150 mln
+dlrs in commissions due under his agreement with Northrop.
+    A federal judge in 1984 threw out the arbitration panel's
+award of 31 mln dlrs to Khashoggi's firm, but a U.S. Court of
+Appeals reinstated it last March.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20267" NEWID="21170">
+<DATE>19-OCT-1987 13:35:36.34</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2311&#31;reute
+f f BC-NABET-SAYS-IT-S   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NABET SAYS IT STUDIES NEXT MOVE IN NBC STRIKE AFTER 12 UNITS ACCEPT CONTRACT, TWO REJECT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20266" NEWID="21171">
+<DATE>19-OCT-1987 13:35:17.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2310&#31;reute
+f f BC-FED'S-JOHNSON-S   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS U.S. ECONOMY POISED FOR CONTINUED GROWTH, STABLE INFLATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20265" NEWID="21172">
+<DATE>19-OCT-1987 13:34:50.11</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2308&#31;reute
+f f BC-FED'S-JOHNSON-S   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED'S JOHNSON SAYS LOWER DOLLAR WOULD EXACERBATE MARKET CONDITIONS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20264" NEWID="21173">
+<DATE>19-OCT-1987 13:31:35.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2291&#31;reute
+d f BC-BENCH-CRAFT-INC-&lt;SOFA   10-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BENCH CRAFT INC &lt;SOFA.O> 3RD QTR NET</TITLE>
+<DATELINE>    BLUE MOUNTAIN, Miss., Oct 19 -
+    </DATELINE><BODY>Shr 23 cts vs 22 cts
+    Net 1,293,000 vs 1,256,000
+    Sales 39.7 mln vs 31.6 mln
+    Nine mths
+    Shr 72 cts vs 61 cts
+    Net 4,099,000 vs 3,470,000
+    Sales 115.9 mln vs 87.6 mln
+    NOTE: Share adjusted for three-for-two stock split in
+February 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20263" NEWID="21174">
+<DATE>19-OCT-1987 13:31:02.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uganda</D><D>egypt</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T G C 
+&#22;&#22;&#1;f2288&#31;reute
+r f BC-EGYPT-TO-BUILD-ROADS   10-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EGYPT TO BUILD ROADS FOR UGANDA</TITLE>
+<DATELINE>    KAMPALA, Oct 19 - </DATELINE><BODY>Egypt has agreed to build two new roads
+in Uganda worth a total of 295 mln dlrs, Egyptian commercial
+attache Muhammud el Tahan said.
+    The two countries signed an agreement under which Egyptian
+companies will reconstruct the roads between Fort Portal and
+Bundibugyo near the Zaire border in western Uganda and between
+Kapchorwa and Swam near Mount Elgon in the east of the country,
+he told reporters. Uganda would repay the loan from Egypt 70
+pct in unspecified barter goods and 30 pct in hard currency.
+    Egypt and Uganda are also discussing the possibility of
+Egyptian help for a project to grow wheat in Uganda, he added.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20261" NEWID="21175">
+<DATE>19-OCT-1987 13:28:39.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2279&#31;reute
+r f BC-CITYFED-FINANCIAL-COR   10-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITYFED FINANCIAL CORP &lt;CTYF.O> 3RD QTR LOSS</TITLE>
+<DATELINE>    PALM BEACH, Fla., Oct 19 -
+    </DATELINE><BODY>Shr primary loss eight cts vs profit 49 cts
+    Shr fully diluted loss eight cts vs profit 45 cts
+    Net profit 681,000 vs profit 11.5 mln
+    Nine mths
+    Shr primary profit 33 cts vs profit 2.36 dlrs
+    Shr fully diluted profit 33 cts vs profit 1.92 dlrs
+    Net profit 12.7 mln vs profit 47.5 mln
+    Assets 10.53 billion vs 10.75 billion
+    Deposits 5.98 billion vs 5.89 billion
+    Loans 8.44 billion vs 9.09 billion
+    NOTE: 1987 nine mth figures include gain of 2,470,000 dlrs
+from cumulative effect of an accounting change.
+    1987 3rd qtr and nine mth figures also include gain of 12.1
+mln dlrs from sale of real estate investment property.
+    1987 3rd qtr and nine mths earnings per share reflect
+payment of dividends on company's two series of preferred stock
+amounting to 2.2 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20260" NEWID="21176">
+<DATE>19-OCT-1987 13:28:23.42</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2277&#31;reute
+b f BC-/CATERPILLAR-INC-&lt;CAT   10-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CATERPILLAR INC &lt;CAT> 3RD QTR NET</TITLE>
+<DATELINE>    PEORIA, Ill, Oct 19 -
+    </DATELINE><BODY>Shr profit 1.47 dlrs vs loss 26 cts
+    Net profit 146 mln vs loss 26 mln
+    Revs 2.25 billion vs 1.82 billion
+    Nine mths
+    Shr profit 1.82 dlrs vs profit 2.27 dlrs
+    Net profit 180 mln vs profit 224 mln
+    Revs 5.94 billion vs 5.55 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20259" NEWID="21177">
+<DATE>19-OCT-1987 13:26:48.75</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uk</D><D>colombia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f2271&#31;reute
+b f BC-COLOMBIA-OPENS-COFFEE   10-19 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COLOMBIA OPENS COFFEE REGISTRATIONS - LDN TRADE</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>Colombia has opened export registrations
+for November coffee shipments, trade sources said. No further
+details were available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20258" NEWID="21178">
+<DATE>19-OCT-1987 13:24:19.68</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2260&#31;reute
+h f BC-DENSE-PAC-MICROSYSTEM   10-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DENSE-PAC MICROSYSTEMS INC &lt;DPAC.O> 2ND QTR</TITLE>
+<DATELINE>    GARDEN GROVE, Calif., Oct 19 - </DATELINE><BODY>Period ended August 29.
+    Shr profit one ct vs loss one ct
+    Net profit 128,112 vs loss 30,170
+    Sales 1,620,707 vs 1,325,406
+    Avg shrs 9,306,031 vs 3,499,219
+    Six Mths
+    Shr nil vs loss nine cts
+    Net profit 25,890 vs loss 322,675
+    Sales 2,915,077 vs 1,845,003
+    Avg shrs 9,283,631 vs 3,499,219
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20257" NEWID="21179">
+<DATE>19-OCT-1987 13:24:12.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2259&#31;reute
+d f BC-NEWHALL-INVESTMENT-PR   10-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEWHALL INVESTMENT PROPERTIES &lt;NIP> 3RD QTR</TITLE>
+<DATELINE>    VALENCIA, Calif., Oct 19 -
+    </DATELINE><BODY>Shr 1.13 dlrs vs 87 cts
+    Net 5,010,000 vs 3,868,000
+    Nine mths
+    Shr 4.91 dlrs vs 4.84 dlrs
+    Net 21.8 mln vs 21.5 mln
+    NOTE: Current quarter figures include gain of 4.7 mln dlrs
+on property sales vs gain of 2.9 mln in prior year's quarter.
+    Current nine month figures include gain of 20.5 mln dlrs on
+property sales vs gain of 19 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20256" NEWID="21180">
+<DATE>19-OCT-1987 13:23:55.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2258&#31;reute
+h f BC-CHRYSLER-&lt;C>SETS-RECO   10-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHRYSLER &lt;C>SETS RECORD 1987 IMPORT TRUCK SALES</TITLE>
+<DATELINE>    DETROIT, Oct 19 - </DATELINE><BODY>Chrysler Corp said its import operations
+closed out its 1987 model year with record sales of Dodge
+Ram-50 models of 76,913 trucks compared with the previous
+record 72,629 trucks sold in 1986. The Ram-50 is imported for
+Dodge from Mitsubishi Motors Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20255" NEWID="21181">
+<DATE>19-OCT-1987 13:22:54.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2253&#31;reute
+h f BC-ASPEN-RIBBONS-INC-&lt;AR   10-19 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASPEN RIBBONS INC &lt;ARIB.O> 1ST QTR NET</TITLE>
+<DATELINE>    LAFAYETTE, Colo., Oct 19 - </DATELINE><BODY>Sept 30
+    Shr seven cts vs five cts
+    Net 234,504 vs 157,862
+    Revs 4,096,000 vs 3,007,383
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20254" NEWID="21182">
+<DATE>19-OCT-1987 13:22:51.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2252&#31;reute
+d f BC-LSI-LIGHTING-SYSTEMS   10-19 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LSI LIGHTING SYSTEMS INC &lt;LYTS.O> 1ST QTR NET</TITLE>
+<DATELINE>    CINCINNATI, Oct 19 - </DATELINE><BODY>Qtr ends September 30
+    Shr 25 cts vs 13 cts
+    Net 759,000 vs 383,000
+    Revs 9,052,000 vs 6,829,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20253" NEWID="21183">
+<DATE>19-OCT-1987 13:22:48.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2251&#31;reute
+r f BC-GUILFORD-MILLS-&lt;GFD>   10-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GUILFORD MILLS &lt;GFD> TO REPURCHASE SHARES</TITLE>
+<DATELINE>    GREENSBORO, N.C., Oct 19 - </DATELINE><BODY>Guilford Mills Inc said its
+board has authorized the repurchase of up to one mln of its
+common shares from time to time in the open market.
+    The company has about 10.5 mln shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20252" NEWID="21184">
+<DATE>19-OCT-1987 13:22:39.93</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>luxembourg</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f2249&#31;reute
+u f BC-EC-DOES-NOT-PLAN-STAT   10-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EC DOES NOT PLAN STATEMENT ON U.S. STRIKE ON IRAN</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 19 - </DATELINE><BODY>The European Community (EC) will not
+issue a joint statement on the U.S. Attack on Iran for now,
+diplomats said.
+    They said the latest events in the Gulf were discussed only
+briefly by foreign ministers over lunch, though member states
+had been informed by Washington that it was planning military
+action. "They didn't have enough information to discuss it fully
+and they wouldn't have agreed anyway," one diplomat said.
+    Belgian Foreign Minister Leo Tindemans said Belgium had
+always opposed an extension of violence in the Gulf and deeply
+regretted that the situation had deteriorated.
+    But British Foreign Secretary Sir Geoffrey Howe said the
+United States was fully entitled to take military action and
+Francisco Fernandez Ordonez of Spain said the U.S. Strike could
+be considered an af self-defence.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20251" NEWID="21185">
+<DATE>19-OCT-1987 13:21:41.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2241&#31;reute
+r f BC-NATIONAL-DISTILLERS-&lt;   10-19 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NATIONAL DISTILLERS &lt;DR> TO REPURCHASE SHARES</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>National Distillers and Chemical Corp
+said it intends to repurchase up to 540,000 of its 32.8 mln
+common shares outstanding.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20250" NEWID="21186">
+<DATE>19-OCT-1987 13:21:23.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F 
+&#22;&#22;&#1;f2239&#31;reute
+r f BC-SEIDMAN-WORRIED-ABOUT   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEIDMAN WORRIED ABOUT U.S. CONSUMER CONFIDENCE</TITLE>
+<DATELINE>    DALLAS, Oct 19 - </DATELINE><BODY>Federal Deposit Insurance Corp chairman
+William Seidman said he is worried that consumer confidence
+will be undermined by panic selling of stocks.
+    "The principal worry is that the market will panic and
+destroy the really strong confidence that the consumer has in
+the economy," Seidman told reporters during the American
+Bankers Association annual convention.
+    But Seidman was relaxed about the implications for banks.
+"I don't see any near-term effect on the banking system. We
+would have to worry if it throws the economy into a major
+recession. We don't expect that to happen." he said.
+    First Chicago Corp chairman Barry Sullivan echoed Seidman,
+saying that the slump in stocks could hasten a recession "if it
+significantly impacts consumer confidence."
+    But Sullivan told reporters that he thinks the U.S. economy
+remains sound.
+    Sullivan said the slide in stocks was an extreme reaction
+to recent increases in interest rates.
+    Asked whether First Chicago would follow Chemical Bank in
+raising its prime rate to 9-3/4 pct from 9-1/4, Sullivan said,
+"We're looking very carefully at the money markets."
+    The FDIC's Seidman, asked whether the stock market rout was
+a reason to reconsider plans to give broader securities powers
+to commercial s, said, "Under the plan we are suggesting
+that (securities) activities be done in subsidiaries so if ever
+things go badly for them it won't affect their capital."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20249" NEWID="21187">
+<DATE>19-OCT-1987 13:21:11.21</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F RM 
+&#22;&#22;&#1;f2237&#31;reute
+r f BC-U.S.-HOUSE-SPEAKER-DE   10-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. HOUSE SPEAKER DENIES TRADE BILL HURT STOCKS</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>House Speaker Jim Wright dismissed
+charges that the trade bill before Congress contributed to the
+fall in stock prices on Wall Street.
+    "That is utterly ridiculous," the Texas Democrat told
+reporters.
+    Treasury Secretary James Baker and other administration
+officials over the weekend pointed to the pending legislation
+-- which they brand too protectionist -- as a key factor in the
+record-setting drop.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20248" NEWID="21188">
+<DATE>19-OCT-1987 13:19:12.18</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2225&#31;reute
+r f BC-ALLIED-SIGNAL-&lt;ALD>-A   10-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL &lt;ALD> AEROSPACE PROFITS DROP</TITLE>
+<DATELINE>    MORRIS TOWNSHIP, N.J., Oct 19 - </DATELINE><BODY>Allied-Signal Inc said
+profits in its aerospace division fell 46 pct in the third
+quarter due to lower margins and significantly higher
+development costs for several aircraft, including the MD-80.
+    After-tax income from its aerospace operations, the largest
+of its divisions, was 43 mln dlrs compared with 79 mln dlrs a
+year earlier, which was restated to exclude sales and expenses
+from discontinued operations, Allied-Signal said.
+    Revenues in the aerospace division edged up to 1.144
+billion dlrs from 1.099 billion dlrs a year earlier.
+    After-tax income from its automotive division rose to 28
+mln dlrs from 26 mln dlrs. In its engineered materials
+division, after-tax income rose to 52 mln dlrs from 39 mln
+dlrs.
+    Sales in its automotive unit rose to 882 mln dlrs from 662
+mln dlrs. Sales in its engineered materials unit rose to 706
+mln dlrs from 666 mln dlrs.
+    During the third quarter, the company authorized buyback of
+25 mln common shares, including stocks held in odd lots of less
+than 100 shares. As of Octotber 16, company said it had reduced
+the number of shares outstanding to 164.6 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20247" NEWID="21189">
+<DATE>19-OCT-1987 13:18:52.60</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2222&#31;reute
+d f BC-ROTO-ROOTER-INC-&lt;ROTO   10-19 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROTO-ROOTER INC &lt;ROTO.O> 3RD QTR NET</TITLE>
+<DATELINE>    CINCINNATI, Oct 19 -
+    </DATELINE><BODY>Shr 23 cts vs 20 cts
+    Net 1,115,000 vs 971,000
+    Revs 13.8 mln vs 11.9 mln
+    Nine mths
+    Shr 64 cts vs 52 cts
+    Net 3,134,000 vs 2,521,000
+    Revs 40.1 mln vs 31.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20246" NEWID="21190">
+<DATE>19-OCT-1987 13:18:30.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2219&#31;reute
+d f BC-CITY-SAVINGS-BANK-OF   10-19 0041</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CITY SAVINGS BANK OF MERIDEN &lt;CSBM.O> 3RD QTR</TITLE>
+<DATELINE>    MERIDEN, Conn., Oct 19 -
+    </DATELINE><BODY>Shr 34 cts vs not given
+    Net 510,192 vs 328,428
+    Nine mths
+    Shr one dlr vs not given
+    Net 1,489,831 vs 741,136
+    NOTE: Company went public in September 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20245" NEWID="21191">
+<DATE>19-OCT-1987 13:18:25.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2218&#31;reute
+d f BC-HOME-FEDERAL-SAVINGS   10-19 0035</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME FEDERAL SAVINGS BANK OF GEORGIA &lt;HFGA.O></TITLE>
+<DATELINE>    GAINESVILLE, Ga., Oct 19 - </DATELINE><BODY>3rd qtr net
+    Shr 22 cts vs 54 cts
+    Net 366,497 vs 877,148
+    Nine mths
+    Shr 70 cts vs 1.17 dlrs
+    Net 1,185,352 vs 1,924,255
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20244" NEWID="21192">
+<DATE>19-OCT-1987 13:18:11.61</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2215&#31;reute
+d f BC-INTERNATIONAL-TELECHA   10-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL TELECHARGE INC &lt;ITIL.O> 3RD QTR</TITLE>
+<DATELINE>    DALLAS, Oct 19 -
+    </DATELINE><BODY>Shr loss five cts vs loss eight cts
+    Net loss 657,000 vs loss 566,535
+    Revs 9,341,755 vs 260,468
+    Avg shrs 14,323,384 vs 7,081,688
+    Nine mths
+    Shr loss 19 cts vs loss 39 cts
+    Net loss 2,449,094 vs loss 1,408,789
+    Revs 15,571,230 vs 683,684
+    Avg shrs 12,655,172 vs 3,612,300
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20243" NEWID="21193">
+<DATE>19-OCT-1987 13:17:31.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2212&#31;reute
+d f BC-SPECTRAMED-INC-&lt;SPMD.   10-19 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPECTRAMED INC &lt;SPMD.O> 3RD QTR NET</TITLE>
+<DATELINE>    NEWPORT BEACH, Calif., Oct 19 -
+    </DATELINE><BODY>Shr profit seven cts vs n/a
+    Net profit 587,000 vs profit 3,231,000
+    Sales 18.5 mln vs 18.7 mln
+    Nine Mths
+    Shr loss 39 ct s vs n/a
+    Net loss 2,368,000 vs protit 7,165,000
+    Sales 55.4 mln vs 54.2 mln
+    Note: Current nine month figures include extraordinary loss
+of 1.2 mln dlrs, or 17 cts per share, resulting from costs
+associated with restructuring.
+    Prior quarter and nine month per share figures not
+applicable because company began operations in October, 1986
+with the acquisition of Gould Inc's &lt;GLD> medical products
+group.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20242" NEWID="21194">
+<DATE>19-OCT-1987 13:17:13.36</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2209&#31;reute
+d f BC-M/A/R/C-INC-&lt;MARC.O>   10-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>M/A/R/C INC &lt;MARC.O> 2ND QTR SEPT 30 NET</TITLE>
+<DATELINE>    DALLAS, Oct 19 -
+    </DATELINE><BODY>Shr 21 cts vs 11 cts
+    Net 661,000 vs 325,000
+    Revs 13.6 mln vs 13.4 mln
+    Avg shrs 3,148,000 vs 3,011,000
+    1st half
+    Shr 42 cts vs 25 cts
+    Newt 1,310,000 vs 752,000
+    Revs 28.2 mln vs 25.6 mln
+    Avg shrs 3,136,000 vs 3,006,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20241" NEWID="21195">
+<DATE>19-OCT-1987 13:17:08.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2208&#31;reute
+r f BC-CHAMBERS-DEVELOPMENT   10-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHAMBERS DEVELOPMENT CO INC &lt;CDV> 3RD QTR NET</TITLE>
+<DATELINE>    PITTSBURGH, Oct 19 -
+    </DATELINE><BODY>Shr 23 cts vs 15 cts
+    Net 2,641,000 vs 1,295,000
+    Revs 15.6 mln vs 7,925,000
+    Avg shrs 11.6 mln vs 8,900,000
+    Nine mths
+    Shr 65 cts vs 37 cts
+    Net 6,805,000 vs 3,308,000
+    Revs 42.7 mln vs 20.6 mln
+    Avg shrs 10.5 mln vs 8,900,000
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20240" NEWID="21196">
+<DATE>19-OCT-1987 13:17:02.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2207&#31;reute
+r f BC-VOPLEX-CORP-&lt;VOT>-3RD   10-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOPLEX CORP &lt;VOT> 3RD QTR LOSS</TITLE>
+<DATELINE>    ROCHESTER, N.Y., Oct 19 -
+    </DATELINE><BODY>Shr loss 24 cts vs loss 13 cts
+    Net loss 619,956 vs loss 340,735
+    Revs 17.2 mln vs 18.2 mln
+    Nine mths
+    Shr profit six cts vs loss 92 cts
+    Net profit 172,384 vs loss 2,437,333
+    Revs 57.7 mln vs 57.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20239" NEWID="21197">
+<DATE>19-OCT-1987 13:16:48.45</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE><D>perez-de-cuellar</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V Y RM 
+&#22;&#22;&#1;f2205&#31;reute
+u f AM-GULF-COUNCIL   10-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY COUNCIL CALLS TALKS AFTER GULF ATTACK</TITLE>
+<DATELINE>    UNITED NATIONS, Oct 19 - </DATELINE><BODY>The U.N. Security Council was
+called to a private meeting on Monday for consultations 
+following the United States attack on an Iranian oil platform.
+    Meanwhile, a U.N. spokesman said that as far as he knew a
+report to the council and Secretary General Javier Perez de
+Cuellar on the action had not been received from the Americans.
+    In Washington, President Reagan said the United Nations was
+being informed of the attack under the provision of the U.N.
+Charter regarding notification of actions taken under the right
+of self-defense.
+    The U.N. spokesman, Francois Giuliani, said Perez de
+Cuellar had no comment on the attack, taken in response to
+Iranian action against an American-owned tanker last week, but
+was trying to find out "what actually happened."
+    Calls to Iran's U.N. commission elicited no response.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20238" NEWID="21198">
+<DATE>19-OCT-1987 13:15:01.23</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2193&#31;reute
+f f BC-CATERPILLAR-INC   10-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CATERPILLAR INC SEES HIGHER FISCAL 1987 EARNINGS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20237" NEWID="21199">
+<DATE>19-OCT-1987 13:14:06.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2187&#31;reute
+r f BC-UNITED-SAVINGS-AND-LO   10-19 0047</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNITED SAVINGS AND LOAN &lt;UNSA.O> 2ND QTR NET</TITLE>
+<DATELINE>    GREENWOOD, S.C., Oct 19 - </DATELINE><BODY>Sept 30
+    Shr 44 cts
+    Net 905,000 vs 631,000
+    Six months
+    Shr 88 cts
+    Net 1,793,000 vs 1,378,000
+    Assets 221 mln vs 223.2 mln
+    Deposits 186.4 mln vs 189.8 mln
+    Loans 176.5 mln vs.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20236" NEWID="21200">
+<DATE>19-OCT-1987 13:06:13.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sweden</D><D>switzerland</D><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2152&#31;reute
+d f BC-ASEA-BROWN-BOVERI-SET   10-19 0118</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ASEA BROWN BOVERI SETS GROUP STRUCTURE</TITLE>
+<DATELINE>    STOCKHOLM, Oct 19 - </DATELINE><BODY>Asea AB &lt;ASEA.ST> said the group to be
+formed by its merger with Switzerland's BBC AG Brown Boveri und
+Cie &lt;BBCZ.Z> would have four main business areas; power plants,
+power transmission, power distribution and industrial
+equipment.
+    Asea Brown Boveri Ltd's international markets would
+continue to be run by decentralised management, and the three
+main home markets, Switzerland, West Germany and Sweden, would
+continue to play an important role, Asea said in a statement.
+    It said research and development were crucial to the
+group's future and central reasearch resources and laboratories
+in the three home markets would be strengthened.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20235" NEWID="21201">
+<DATE>19-OCT-1987 13:06:04.05</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2151&#31;reute
+u f BC-BARING-UNIT-SETS-UP-F   10-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BARING UNIT SETS UP FUND FOR MANAGEMENT BUY-OUTS</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>Baring Capital Investors Ltd (BCI), a unit
+of the U.K. Merchant bank &lt;Baring Brothers and Co Ltd>, said it
+has raised 61 mln European Currency Units (ECUs) which will be
+invested in management buy-outs and development capital
+opportunities in the U.K. And continental Europe.
+    The funds were raised through BCI's first such fund - the
+Baring Euaring European Capital Trust - from investors in nine
+European countries. It expects to raise another 40 mln ECUs
+soon through a French fund and a fund for U.S. Investors.
+    BCI was set up last year by Baring Brothers to advise
+buy-out and development capital investors.
+    BCI said the new fund is structured as a Guernsey-based
+unit trust, which will be listed on the Luxembourg Stock
+Exchange. It will be advised by BCI and managed by a company
+owned jointly by Barings and the management of BCI.
+    Individual investments are expected to range between one
+and 10 mln ECUs and are likely to be concentrated in the U.K.,
+Germany and France.
+    BCI said its aims are to invest in established companies,
+principally family companies with succession-issues and
+corporate spin-offs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20234" NEWID="21202">
+<DATE>19-OCT-1987 13:03:34.94</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2136&#31;reute
+u f BC-/G-7-SEEN-FIGHTING-TO   10-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>G-7 SEEN FIGHTING TO KEEP CURRENCY PACT</TITLE>
+<AUTHOR>    By Claire Miller</AUTHOR>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>International monetary officials will 
+rush to paper over the deep cracks that have appeared in the
+Louvre accord on currency stability to prevent a dollar
+free-fall and to calm turmoil in world capital markets,
+economists and currency traders said.
+    "I don't think the Louvre is dead because if it breaks up
+in an acrimonious way, the potential outcome is a rout of the
+dollar, higher interest rates and collapsing stock markets.
+It's in the Group of Seven's interest to calm things down,"
+said Douglas Madison, corporate trader at BankAmerica Corp.
+   
+    In a weekend television interview, U.S. Treasury secretary
+James Baker sharply criticised a recent rise in West German
+money market rates and said the eight month-old Louvre pact to
+foster exchange rate stability needs to be reviewed.
+    His comments rocked the currency markets and helped send
+the already-fragile U.S. and overseas stock markets into a
+tailspin.
+    The dollar lost more than two pfennigs in the U.S. to about
+1.7740/50 marks and about one yen to 141.25/35 yen. The Dow
+Jones Industrial Average slumped more than 200 points at one
+stage and U.S. Treasury bonds dropped about 1-3/4 points.
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20233" NEWID="21203">
+<DATE>19-OCT-1987 13:01:11.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2125&#31;reute
+d f BC-TONS-OF-TOYS-INC-&lt;TON   10-19 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TONS OF TOYS INC &lt;TONS.O> 1ST QTR AUG 31 LOSS</TITLE>
+<DATELINE>    WAREHAM, Mass., Oct 19 -
+    </DATELINE><BODY>Shr loss five cts vs loss eight cts
+    Net loss 118,000 vs loss 87,000
+    Sales 1,765,000 vs 1,345,000
+    Avg shrs 2,370,000 vs 1,070,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20232" NEWID="21204">
+<DATE>19-OCT-1987 13:00:46.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f2122&#31;reute
+f f BC-NEW-YORK-STOCK   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEW YORK STOCK EXCHANGE VOLUME JUMPS TO OVER 340 MLN SHARES, PASSING DAILY RECORD
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20231" NEWID="21205">
+<DATE>19-OCT-1987 13:00:43.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2121&#31;reute
+d f BC-ANCHOR-FINANCIAL-CORP   10-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANCHOR FINANCIAL CORP &lt;AFCX.O> 3RD QTR NET</TITLE>
+<DATELINE>    MYRTLE BEACH, S.C., Oct 19 -
+    </DATELINE><BODY>Shr 28 cts vs 41 cts
+    Net 205,000 vs 229,000
+    Nine mths
+    Shr 86 cts vs 1.01 dlrs
+    Net 622,000 vs 566,000
+    NOTE: Share reflects issuance of 166,750 common shares in
+December 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20230" NEWID="21206">
+<DATE>19-OCT-1987 12:59:59.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2115&#31;reute
+d f BC-PHOTRONICS-CORP-&lt;PHOT   10-19 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHOTRONICS CORP &lt;PHOT.O> 1ST HALF AUG 31 NET</TITLE>
+<DATELINE>    HAUPPAUGE, N.Y., Oct 19 -
+    </DATELINE><BODY>Shr 38 cts vs 25 cts
+    Net 708,197 vs 404,471
+    Sales 6,592,736 vs 6,122,133
+    Avg shrs 1,886,400 vs 1,648,477
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20229" NEWID="21207">
+<DATE>19-OCT-1987 12:59:27.55</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2111&#31;reute
+f f BC-   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> French industrial production fell 0.95 pct in July/August from June -- INSEE data
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20228" NEWID="21208">
+<DATE>19-OCT-1987 12:59:15.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2110&#31;reute
+d f BC-HOMETOWN-BANCORP-INC   10-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOMETOWN BANCORP INC &lt;HTWN.O> 3RD QTR NET</TITLE>
+<DATELINE>    DARIEN, Conn., Oct 19 -
+    </DATELINE><BODY>Shr profit five cts vs profit seven cts
+    Net profit 59,000 vs profit 39,000
+    Nine mths
+    Shr profit 12 cts vs loss four cts
+    Net profit 92,000 vs loss 20,000
+    Avg shrs 775,000 vs 548,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20227" NEWID="21209">
+<DATE>19-OCT-1987 12:59:00.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2108&#31;reute
+d f BC-FIDELITY-FEDERAL-SAVI   10-19 0061</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIDELITY FEDERAL SAVINGS AND LOAN &lt;FFED.O> 3RD</TITLE>
+<DATELINE>    PHILADELPHIA, Oct 19 -
+    </DATELINE><BODY>Shr 42 cts vs 59 cts
+    Net 734,659 vs 1,033,309
+    Nine mths
+    Shr 92 cts vs 1.69 dlrs
+    Net 1,629,719 vs 2,971,144
+    NOTE: 1987 nine mths net includes a loss of 290,000 dlrs on
+sale of securities and nine-recurring charge of 32,713 dlrs for
+write-off of FSLIC secondary reserve.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20226" NEWID="21210">
+<DATE>19-OCT-1987 12:58:40.79</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2106&#31;reute
+u f BC-CRAZY-EDDIE-&lt;CRCY.O>   10-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRAZY EDDIE &lt;CRCY.O> WON'T OPPOSE SLATE</TITLE>
+<DATELINE>    EDISON, N.J., Oct 19 - </DATELINE><BODY>Crazy Eddie Inc said its board will
+not oppose the slate of nominees proposed for election to the
+board by the committee led by Entertainment Marketing Inc &lt;EM>
+and the &lt;Oppenheimer-Palmieri Fund, LP.>
+    Crazy Eddie said its board is not endorsing, but will
+simply refrain from opposing, the EMI-Palmieri nominees.    
+The board also said it will ask representatives of the
+Committee to Restore Shareholder value to begin acquainting
+themselves with the business and affairs of the company as
+promptly as possible.
+   
+    To that end, the committee's representatives will be
+invited in advance of the annual meeting to examine the
+company's financial records, to monitor its operations and to
+join company officers in meetings with the company's suppliers,
+bankers and key personnel, Crazy Eddie said.
+    The board said that to continue to oppose the EMI-Palmieri
+group would only increase the expenses of the company, create
+further uncertainty among its suppliers, customers and
+employees, and result in deterioration of moral among company
+personnel.
+    A further release from the company will follow, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20225" NEWID="21211">
+<DATE>19-OCT-1987 12:58:32.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2105&#31;reute
+d f BC-HORIZON-BANCORP-&lt;HZB>   10-19 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HORIZON BANCORP &lt;HZB> 3RD QTR NET</TITLE>
+<DATELINE>    MORRISTOWN, N.J., Oct 19 -
+    </DATELINE><BODY>Shr 1.33 dlrs vs 90 cts
+    Net 12.0 mln vs 8,180,000
+    Nine mths
+    Shr 3.63 dlrs vs 2.88 dlrs
+    Net 32.9 mln vs 26.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20224" NEWID="21212">
+<DATE>19-OCT-1987 12:57:42.95</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2100&#31;reute
+h f BC-SOCIETY-FOR-SAVINGS-B   10-19 0034</UNKNOWN>
+<TEXT TYPE="UNPROC">&#2;
+SOCIETY FOR SAVINGS BANCORP INC &lt;SOCS.O> 3RD QTR
+    HARTFORD, Conn., Oct 19
+    Shr 75 cts vs 55 cts
+    Net 8,031,000 vs 5,819,000
+    Nine mths
+    Shr 2.16 dlrs vs 1.42 dlrs
+    Net 23.2 mln vs 15.1 mln
+ Reuter
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20223" NEWID="21213">
+<DATE>19-OCT-1987 12:57:26.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2099&#31;reute
+r f BC-STANDARD-PRODUCTS-&lt;SP   10-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD PRODUCTS &lt;SPD> INCREASES COMMON</TITLE>
+<DATELINE>    CLEVELAND, Oct 19 - </DATELINE><BODY>Standard Products Inc said shareholders
+at its annual meeting approved an increase in the company's
+authorized common to 25 mln shares from 15 mln shares.
+    Standard also said shareholders approved an increase in the
+company's board to 12 members from 11.
+    It said shareholders also voted to eliminate cumulative
+vovting in the electrion of directors and autahorized the
+company to enter into idemnification contracts from time to
+time with directors, officers, employees and agents of the
+company.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20222" NEWID="21214">
+<DATE>19-OCT-1987 12:56:57.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2094&#31;reute
+d f BC-&lt;ACC-CORP>-3RD-QTR-NE   10-19 0060</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ACC CORP> 3RD QTR NET</TITLE>
+<DATELINE>    ROCHESTER, N.Y., Oct 19 -
+    </DATELINE><BODY>Shr profit three cts vs profit nine cts
+    Net profit 102,136 vs profit 307,516
+    Revs 8,459,182 vs 8,469,476
+    Avg shrs 3,448,218 vs 3,613,672
+    Nine mths
+    Shr loss 13 cts vs profit 28 cts
+    Net loss 458,823 vs profit 1,014,969
+    Revs 25.5 mln vs 24.6 mln
+    Avg shrs 3,467,099 vs 3,612,626
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20221" NEWID="21215">
+<DATE>19-OCT-1987 12:56:50.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2093&#31;reute
+d f BC-FIRST-UNION-REAL-ESTA   10-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST UNION REAL ESTATE INVESTMENTS &lt;FUR> NET</TITLE>
+<DATELINE>    CLEVELAND, Oct 19 - </DATELINE><BODY>3rd qtr
+    Oper shr 27 cts vs 29 cts
+    Oper net 4,926,000 vs 5,231,000
+    Revs 18.5 mln vs 17.8 ln
+    Nine mths
+    Oper shr 78 cts vs 84 cts
+    Oper net 14.1 mln vs 15.3 mln
+    Revs 55.0 mln vs 53.6 mln
+    NOTE: Net excludes capital gains of 751,000 dlrs vs 664,000
+dlrs in quarter and 5,881,000 dlrs vs 3,409,000 dlrs in nine
+mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20220" NEWID="21216">
+<DATE>19-OCT-1987 12:56:08.03</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>cyprus</D><D>iran</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V Y 
+&#22;&#22;&#1;f2086&#31;reute
+u f AM-GULF-IRAN URGENT  10-19 0094</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAYS US ATTACK INVOLVES IT IN FULL-SCALE WAR</TITLE>
+<DATELINE>    NICOSIA, Oct 19 - </DATELINE><BODY>A top Iranian military official said
+America's attack on an Iranian oil platform on Monday had
+involved the United States in full-scale war and Iran would
+avenge it with a "crushing blow."
+    "The United States has entered a swamp from which it can in
+no way get out safely," the Iranian news agency IRNA quoted the
+head of Iran's war information headquarters as saying.
+    The official, Kamal Kharrazi, said Washington had now
+become involved in what he called a full-fledged war with Iran.
+    It was the first official Iranian reaction to the attack by
+four U.S. Navy destroyers on the Reshadat oil platform.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20219" NEWID="21217">
+<DATE>19-OCT-1987 12:55:51.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2084&#31;reute
+r f BC-TANDON-COMPUTER-&lt;TCOR   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDON COMPUTER &lt;TCOR.O> SETS NEW COMPUTER</TITLE>
+<DATELINE>    MOORPARK, Calif., Oct 19 - </DATELINE><BODY>Tandon Computer Corp said it has
+introduced  a personal computer than combines high capacity
+disk storage and a new way to transfer large amounts of data.
+    The company said its 386 personal computer features an
+Intel Corp &lt;INTC.0> 80386 processor running at 20 megahertz.
+    The computer also features a receptacle that accommodates
+Tandon's Personal Data Pac removable, Winchester disk drive,
+providing a link to Tandons PAC 286 and other systems running
+with its Ad-Pac subsystem.
+    The computer will be available in January, 1988.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20218" NEWID="21218">
+<DATE>19-OCT-1987 12:55:36.93</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2083&#31;reute
+r f BC-FEDERAL-MOGUL-CORP-&lt;F   10-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL-MOGUL CORP &lt;FMO> 3RD QTR NET</TITLE>
+<DATELINE>    SOUTHFIELD, Mich, Oct 19 -
+    </DATELINE><BODY>Shr 66 cts vs 48 cts
+    Net 8,413,000 vs 6,112,000
+    Sales 267.9 mln vs 230.6 mln
+    Nine mths
+    Shr 2.20 dlrs vs 2.05 dlrs
+    Net 28.1 mln 26.4 mln
+    Sales 806.7 mln vs 720.7 mln
+    NOTE: 1986 3rd qtr results include extraordinary loss on
+extinguishment of debt of 1,482,000 dlrs or 12 cts a shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20217" NEWID="21219">
+<DATE>19-OCT-1987 12:55:17.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2082&#31;reute
+h f BC-USACAFES-LP-&lt;USF>-3RD   10-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USACAFES LP &lt;USF> 3RD QTR NET</TITLE>
+<DATELINE>    DALLAS, Oct 19 -
+    </DATELINE><BODY>Shr 33 cts vs 13 cts
+    Net 2,272,000 vs 880,000
+    Revs 6,399,000 vs 5,912,000
+    Chainwide sales 142.0 mln vs 126.7 mln
+    Nine mths
+    Shr 1.07 dlrs vs 44 cts
+    Net 7,369,000 vs 2,868,000
+    Revs 19.1 mln vs 16.1 mln
+    Chainwide sales 402.9 mln vs 357.1 mln
+    Avg shrs 6,918,000 vs 6,569,000
+                             
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20216" NEWID="21220">
+<DATE>19-OCT-1987 12:54:26.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2075&#31;reute
+r f BC-GRANGES-&lt;GXL>-FILES-F   10-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRANGES &lt;GXL> FILES FOR STOCK OFFERING</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, Oct 19 - </DATELINE><BODY>Granges Exploration
+LTD, a mining company, said it filed with the Securities and
+Exchange Commission for a proposed publioffering of 2,500,000
+shares of its common.
+    PaineWebber Inc and Drexel Burnham Lambert Inc will be
+co-managers of the underwriting group.
+    Granges said it intends to use proceeds for general
+corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20215" NEWID="21221">
+<DATE>19-OCT-1987 12:54:00.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2073&#31;reute
+r f BC-ACME-ELECTRIC-CORP-&lt;A   10-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ACME ELECTRIC CORP &lt;ACE> 1ST QTR OCT TWO</TITLE>
+<DATELINE>    OELAN, N.Y., Oct 19 -
+    </DATELINE><BODY>Shr 17 cts vs four cts
+    Qtly div eight cts vs eight cts
+    Net 739,000 vs 157,000
+    Revs 21.1 mln vs 14.5 mln
+    NOTE: 1986 1st qtr adjusted for five pct stock dividend
+pain in March 1987.
+    Qtly dividend payable December seven to shareholders or
+record November nine.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20214" NEWID="21222">
+<DATE>19-OCT-1987 12:53:49.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2072&#31;reute
+r f BC-NBI-INC-&lt;NBI>-1ST-QTR   10-19 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NBI INC &lt;NBI> 1ST QTR LOSS</TITLE>
+<DATELINE>    BOULDER, Colo., Oct 19 - </DATELINE><BODY>Sept 30 end
+    Shr loss 38 cts vs loss three cts
+    Net loss 3,300,000 vs loss 205,000
+    Revs 63.4 mln vs 72.1 mln
+    Avg shrs 8,966,000 vs 9,741,000
+    NOTE: 1986 first quarter results include 398,000 gain from
+repurchase of debentures that had been discounted below market
+value.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20213" NEWID="21223">
+<DATE>19-OCT-1987 12:53:29.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2071&#31;reute
+r f BC-KENNAMETAL-&lt;KMT>-SEES   10-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENNAMETAL &lt;KMT> SEES IMPROVED 2ND QTR PROFITS</TITLE>
+<DATELINE>    LATROBE, Pa., Oct 16 - </DATELINE><BODY>Kennametal Inc said second quarter,
+ending December 31, earnings should show significant
+improvement over the 3.5 mln dlrs, or 35 cts a share, earned in
+the year earlier quarter.
+    The company said this outlook is based on its optimism the
+positive trand in domestic metalworking sales will continue
+through its fiscal 1988.
+    It reported an increase in first quarter profits to 4.9 mln
+dlrs from 3.6 mln a year ago and said sale increases were
+experienced in most markets with sales of domestic metalworking
+products achieving the greatest gains.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20212" NEWID="21224">
+<DATE>19-OCT-1987 12:51:37.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2056&#31;reute
+d f BC-AVX-CORP-&lt;AVX>-3RD-QT   10-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AVX CORP &lt;AVX> 3RD QTR OCT THREE NET</TITLE>
+<DATELINE>    GREAT NECK, N.Y., Oct 19 -
+    </DATELINE><BODY>Shr profit 30 cts vs profit three cts
+    Net profit 3,933,000 vs profit 436,000
+    Revs 70.4 mln vs 47.2 mln
+    Avg 13.2 mln vs 13.0 mln
+    Nine mths
+    Shr profit 85 cts vs loss 17 cts
+    Net profit 11.2 mln vs loss 2,083,000
+    Revs 192.1 mln vs 144.8 mln
+    Avg shrs 13.2 mln vs 12.0 mln
+   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20211" NEWID="21225">
+<DATE>19-OCT-1987 12:50:31.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2051&#31;reute
+d f BC-FEDERAL-EXPRESS-&lt;FDX>   10-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FEDERAL EXPRESS &lt;FDX> SEPTEMBER VOLUME RISES</TITLE>
+<DATELINE>    MEMPHIS, Oct 19 - </DATELINE><BODY>Federal Express Corp said that the
+average daily volume of packages and documents for September
+increased 26 pct over the same month in 1986.
+    The total volume of packages in September increased to
+17,687,000 from 14,077,000. The average daily volume of
+packages increased to 842,238 from 670,333.
+    For the first four months of the fiscal year, ending Sept
+30, the company said its total volume of packages increased to
+69,826,000 from the 54,232,000 reported during the same period
+last year. The average daily volume during the period increased
+to 802,598 from 638,024.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20210" NEWID="21226">
+<DATE>19-OCT-1987 12:48:05.35</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2044&#31;reute
+f f BC-CATERPILLAR-INC   10-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CATERPILLAR INC 3RD QTR SHR 1.47 DLRS VS LOSS 26 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20209" NEWID="21227">
+<DATE>19-OCT-1987 12:46:29.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2040&#31;reute
+r f BC-STRATUS-COMPUTER-INC   10-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STRATUS COMPUTER INC &lt;STRA.O> 3RD QTR NET</TITLE>
+<DATELINE>    MARLBORO, Mass., Oct 19 -
+    </DATELINE><BODY>Shr 26 cts vs 18 cts
+    Net 5,281,000 vs 3,496,000
+    Revs 48.8 mln vs 32.1 mln
+    Nine mths
+    Shr 64 cts vs 51 cts
+    Net 12.9 mln vs 9,822,000
+    Revs 129.0 mln vs 89.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20208" NEWID="21228">
+<DATE>19-OCT-1987 12:44:59.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2036&#31;reute
+r f BC-CAESARS-WORLD   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOSNOFF REDUCES CAESARS WORLD &lt;CAW> STAKE</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>New York investor Martin Sosnoff said
+he reduced his stake in Caesars World Inc common stock to
+3,878,700 shares, or 16 pct of the company's common stock
+outstanding, from about 17.4 pct.
+    Sosnoff, who tried unsuccessfully to acquire Caesars World
+earlier this year, said in a filing with the Securities and
+Exchange Commission that he sold 338,975 Caesars World shares
+on October 15 and 16 at 22.50 dlrs to 25.25 dlrs a share.
+    Sosnoff said he holds his Caesars World stock "primarily
+for investment purposes". He also said he reserves the right to
+alter his intentions at any time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20207" NEWID="21229">
+<DATE>19-OCT-1987 12:42:55.68</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2025&#31;reute
+d f BC-GRACO-&lt;GGG>-SEES-LOWE   10-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRACO &lt;GGG> SEES LOWER EARNINGS FOR YEAR</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 19 - </DATELINE><BODY>Graco Inc said it expects 1987
+earnings to be below last year's record level, despite higher
+sales.
+    The company last year earned 14.3 mln dlrs, or 2.38 dlrs a
+share, on sales of 225.1 mln dlrs.
+    It said its order backlog remains strong and it will
+complete delivery and installation of several large auto plant
+finishing systems during the fourth quarter.
+    Earlier, it reported third quarter earnings of 3.1 mln
+dlrs, or 54 cents a share compared with 4.4 mln dlrs, or 73
+cents a share a year earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20206" NEWID="21230">
+<DATE>19-OCT-1987 12:41:58.41</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2021&#31;reute
+f f BC-CRAZY-EDDIE-INC   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CRAZY EDDIE INC SAYS IT WON'T OPPOSE SLATE OF ENTERTAINMENT MARKETING
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20205" NEWID="21231">
+<DATE>19-OCT-1987 12:41:03.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2018&#31;reute
+f f BC-FEDERAL-MOGUL-C   10-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FEDERAL-MOGUL CORP 3RD QTR SHR 66 CTS VS 48 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20204" NEWID="21232">
+<DATE>19-OCT-1987 12:40:46.92</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2016&#31;reute
+h f BC-MYERS-INDUSTRIES-INC   10-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MYERS INDUSTRIES INC &lt;MYE> 3RD QTR NET</TITLE>
+<DATELINE>    AKRON, Ohio, Oct 19 -
+    </DATELINE><BODY>Shr 26 cts vs 18 cts
+    Net 1,409,551 vs 985,470
+    Revs 38.4 mln vs 22.5 mln
+    Nine mths
+    Shr 64 cts vs 47 cts
+    Net 3,477,188 vs 2,558,625
+    Revs 88.8 mln vs 63.9 mln
+    NOTE: Earnings per share adjusted for 3-for-2 stock split
+distributed on September 4.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20203" NEWID="21233">
+<DATE>19-OCT-1987 12:39:54.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2013&#31;reute
+d f BC-VICTORIA-BANCKSHARES   10-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VICTORIA BANCKSHARES INC &lt;VICT.O> 3RD QTR NET</TITLE>
+<DATELINE>    VICTORIA, Texas, Oct 19 -
+    </DATELINE><BODY>Shr profit two cts vs loss 2.60 dlrs
+    Net profit 111,000 vs loss 16.9 mln
+    Nine mths
+    Shr profit 19 cts vs loss 2.80 dlrs
+    Net profit 1,261,000 vs loss 18.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20202" NEWID="21234">
+<DATE>19-OCT-1987 12:39:24.91</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2010&#31;reute
+d f BC-INTERSTATE-SECURITIES   10-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERSTATE SECURITIES INC &lt;IS> 4TH QTR SEPT 30</TITLE>
+<DATELINE>    CHARLOTTE, N.C., Oct 19 -
+    </DATELINE><BODY>Shr 11 cts vs 22 cts
+    Qtly div 10 cts vs 10 cts prior
+    Net 548,254 vs 1,138,978
+    Revs 28 mln vs 31.1 mln
+    Year
+    Shr 50 cts vs 1.34 dlrs
+    Net 2,527,846 vs 6,822,293
+    Revs 111.7 mln vs 118.9 mln
+    NOTE: Qtly div payable December 4 to shareholders of record
+November 13.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20201" NEWID="21235">
+<DATE>19-OCT-1987 12:38:01.63</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>sudan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f2003&#31;reute
+r f BC-PROTESTERS-MARCH-AGAI   10-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROTESTERS MARCH AGAINST PRICE RISES IN SUDAN</TITLE>
+<DATELINE>    KHARTOUM, Oct 19 - </DATELINE><BODY>About 10,000 people marched through the
+Sudanese capital Monday in protest against price increases and
+devaluation of the Sudanese pound.
+    The march was aimed at measures agreed with the
+International Monetary Fund, including devaluation of the
+Sudanese pound by 44 pct and a rise in sugar and petrol prices.
+    The devaluation was announced on October 3. Sudan's foreign
+debt costs an estimated one billion dlrs a year to service.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20200" NEWID="21236">
+<DATE>19-OCT-1987 12:37:28.48</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2001&#31;reute
+d f BC-PANCHO'S-MEXICAN-BUFF   10-19 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PANCHO'S MEXICAN BUFFET INC &lt;PAMX.O> 4TH QTR NET</TITLE>
+<DATELINE>    FORT WORTH, Texas, Oct 19 - </DATELINE><BODY>Sept 30 end
+    Shr 14 cts vs 20 cts
+    Net 733,980 vcs 871,720
+    Revs 14.7 mln vs 12.0 mln
+    Avg shrs 5,130,190 vs 4,302,430
+    Year
+    Shr 61 cts vs 60 cts
+    Net 2,763,308 vs 2,550,133
+    Revs 50.0 mln vs 43.1 mln
+    Avg shrs 4,565,189 vs 4,277,046
+    Fiscal 1987 net both periods includes charge 480,000 dlrs
+to adjust premium reserves for workers' compensation and
+liability insurance claims.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20199" NEWID="21237">
+<DATE>19-OCT-1987 12:37:13.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1998&#31;reute
+u f BC-FRANKLIN-ELECTRIC-CO   10-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRANKLIN ELECTRIC CO INC &lt;FELE.O> 3RD QTR NET</TITLE>
+<DATELINE>    BLUFFTON, IND., Oct 19 -
+    </DATELINE><BODY>Shr 85 cts vs 73 cts
+    Net 3,150,000 vs 2,699,000
+    Sales 39.8 mln vs 34.3 mln
+    Nine Mths
+    Shr 2.19 dlrs vs 1.86 dlrs
+    Net 8,109,000 vs 6,876,000
+    Sales 111.5 mln vs 100.7 mln
+    NOTE: 1987 tax credits added 14 cts to third quarter net
+and 33 cts to nine months net compared with credits of 16 cts
+and 45 cts in the respective 1986 periods.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20198" NEWID="21238">
+<DATE>19-OCT-1987 12:36:40.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1994&#31;reute
+d f BC-ALTUS-BANK-&lt;ALTS.O>-3   10-19 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALTUS BANK &lt;ALTS.O> 3RD QTR NET</TITLE>
+<DATELINE>    MOBILE, Ala., Oct 19 -
+    </DATELINE><BODY>Oper shr three cts vs 48 cts
+    Oper net 170,000 vs 2,324,000
+    Nine mths
+    Oper shr 1.26 dlrs vs 1.84 dlrs
+    Oper net 6,157,000 vs 8,907,000
+    NOTE: Operating net excludes extraordinary gains of 231,000
+dlrs, or four cts a share, vs 2,657,000 dlrs, or 55 cts a
+share, in quarter and 1,341,000 dlrs, or 28 cts a share, vs
+4,637,000 dlrs, or 95 cts a share, in the nine months
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20197" NEWID="21239">
+<DATE>19-OCT-1987 12:36:28.74</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1992&#31;reute
+d f BC-PERRY-DRUG-&lt;PDS>-DIRE   10-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERRY DRUG &lt;PDS> DIRECTOR RESIGNS</TITLE>
+<DATELINE>    PONTIAC, Mich, Oct 19 - </DATELINE><BODY>Perry Drug Stores Inc said Donald
+Fox has resigned from the board of directors, effective
+immediately.
+    Fox, a board director since 1971, said he was resigning
+because of new business interests, the company reported. Fox
+left Perry as president and chief operating officer in January
+and was recently appointed president of Beauty Brands Group, a
+distributor based in Southfield, Mich., the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20196" NEWID="21240">
+<DATE>19-OCT-1987 12:36:09.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1990&#31;reute
+h f BC-KENNAMETAL-INC-&lt;KMT>   10-19 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENNAMETAL INC &lt;KMT> 1ST QTR SEPT 30 NET</TITLE>
+<DATELINE>    LATROBE, Pa., Oct 19 -
+    </DATELINE><BODY>Shr 48 cts vs 35 cts
+    Net 4,946,000 vs 3,552,000
+    Sales 94.1 mln vs 84.5 mln
+    Avg shrs 10.2 mln vs 10.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20195" NEWID="21241">
+<DATE>19-OCT-1987 12:34:29.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1980&#31;reute
+h f BC-PERIPHERAL-&lt;PSIX.O>-C   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PERIPHERAL &lt;PSIX.O> COMPLETES BATTERY TESTS</TITLE>
+<DATELINE>    PORTLAND, Ore.,  Oct 19 - </DATELINE><BODY>Peripheral Systems Inc said it
+completed tests of the Nucell-50 radio isotope generating
+system, known as a resonant nuclear battery, designed to
+produce up to 50 kilowatts of AC electricity.
+    The Nucell-50, developed by privately-held &lt;Nucell Inc>,
+converts the natural decay of radioactive materials directly
+into electricity whout a nuclear reaction or fission process,
+the company said.
+    Peripheral said it entered into a previously announced
+agreement to acquire Nucell, subject to shareholder approval,
+and has been providing research funds and engineering to it.
+    The merger calls for an unspecified amount of stock to be
+paid for Nucell, the company said.
+    The Nucell-50 unit, which measures 12 inches by 15 inches
+and weighs less than 50 pounds, can operate continuously for
+many years, the company said.
+    The device uses a small amount of radioactive material,
+which can be shielded for consumer use, the company said.
+    Initial funding of the Nucell research and development was
+provided by individuals, many of whom were officers and
+directors of Peripheral, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20194" NEWID="21242">
+<DATE>19-OCT-1987 12:31:22.88</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1965&#31;reute
+d f BC-COMPUTER-CONSOLES-INC   10-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPUTER CONSOLES INC &lt;CCS> 3RD QTR NET</TITLE>
+<DATELINE>    WALTHAM, Mass., Oct 19 -
+    </DATELINE><BODY>Oper shr profit four cts vs profit 13 cts
+    Oper net profit 456,000 vs profit 1,633,000
+    Revs 37.8 mln vs 34.0 mln
+    Avg shrs 13.0 mln vs 13.0 mln
+    Nine mths
+    Oper shr profit 12 cts vs loss 39 cts
+    Oper net profit 1,614,000 vs loss 4,877,000
+    Revs 109.2 mln vs 88.3 mln
+    Avg shrs 13.1 mln vs 12.5 mln
+    NOTE: 1987 net excludes tax credits of 156,000 dlrs in
+quarter and 716,000 dlrs in nine mths.
+    1987 net both perioods includes charge one mln dlrs from
+restructuring of Computer Products Division.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20193" NEWID="21243">
+<DATE>19-OCT-1987 12:30:42.95</DATE>
+<TOPICS><D>grain</D><D>wheat</D><D>corn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1960&#31;reute
+u f BC-SENATE-PANEL-STUDIES   10-19 0142</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SENATE PANEL STUDIES LOAN RATE, SET ASIDE PLANS</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>The Senate Agriculture Committee was
+expected to consider proposals that would limit adjustments in
+county loan rate differentials which trigger larger corn and
+wheat acreage reduction requirements, Senate staff said.
+    A budget-saving proposal drafted by chairman Patrick Leahy
+(D-Vt) would limit adjustments in county loan rate
+differentials to no more than one pct per year from the
+national average loan rate, starting with 1988 crops.
+    The plan also would allow the Agriculture Secretary to
+increase the unpaid acreage reduction requirement for corn by
+"an appropriate amount to generate savings" if projected corn
+stocks exceeded 6.0 billion bushels.
+    Leahy's proposal would also allow a larger 1988 wheat set
+aside if projected stocks surpassed 1.9 billion bushels.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20192" NEWID="21244">
+<DATE>19-OCT-1987 12:30:28.20</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1958&#31;reute
+d f BC-OMNICARE-INC-&lt;OCR>-3R   10-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OMNICARE INC &lt;OCR> 3RD QTR NET</TITLE>
+<DATELINE>    CINCINNATI, Ohio, Oct 19 -
+    </DATELINE><BODY>Shr profit five cts vs loss one ct
+    Net profit 504,000 vs loss 102,000
+    Revs 31.4 mln vs 32.0 mln
+    Nine mths
+    Shr profit 17 cts vs profit 26 cts
+    Net profit 1,729,000 vs profit 2,596,000
+    Revs 92.7 mln vs 112.6 mln
+    NOTE: 1986 3rd qtr net includes a after-tax charge of
+555,000 dlrs for sale of Reliacare Inc.
+   
+    1986 nine mths net includes charge of 1,253,000 dlrs or 12
+cts a share for sale of Reliacare and Inspiron Hospital
+Products division.
+    1986 nine mths net also includes aftertax earnings of
+2,256,000 dlrs or 22 dlrs a share for American Medical
+International Inc &lt;AMI> contracts which expired July 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20191" NEWID="21245">
+<DATE>19-OCT-1987 12:28:38.16</DATE>
+<TOPICS><D>cpu</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1950&#31;reute
+f f BC-U.S.-INDUSTRIAL   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. INDUSTRIAL CAPACITY USE RATE 81.2 PCT IN SEPTEMBER, UNCHANGED FROM AUGUST
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20190" NEWID="21246">
+<DATE>19-OCT-1987 12:27:53.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1944&#31;reute
+h f BC-CALIFORNIA-MICRO-&lt;CAM   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALIFORNIA MICRO &lt;CAMD.O> IN JOINT VENTURE</TITLE>
+<DATELINE>    MILPITAS, Calif., Oct 19 - </DATELINE><BODY>California Micro Devices said it
+signed a memorandum of understanding with Telefonica to
+establish a joint venture to make integrated circuits for the
+Western European market.
+    Telefonica is the national telephone company of Spain.
+    Under the pact, the companies will design, develop, make 
+and market application specific integrated circuits, thin film
+resistor networks and non-impact printhead substrates.
+    California Micro will contribute about two mln dlrs of its
+equity in the venture. Telefonics will invest five mln dlrs in
+California Micro common stock.
+  
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20189" NEWID="21247">
+<DATE>19-OCT-1987 12:27:08.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1939&#31;reute
+u f BC-COUPON-SET-HIGHER-FOR   10-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUPON SET HIGHER FOR HEALTHVEST CONVERTIBLE</TITLE>
+<DATELINE>    ZURICH, Oct 19 - </DATELINE><BODY>The coupon on &lt;Healthvest>'s 40 mln Swiss
+franc seven-year subordinated convertible bond was set at 4-1/2
+pct and not at the four pct indicated, lead manager S.G.
+Warburg Soditic SA said.
+    The issue, announced by the Texan company on October 12, 
+is priced at par. Its conversion price was set at 23 dlrs
+during the first three years and 21-3/4 dlrs during the last
+four years, with the exchange rate fixed at 1.47 francs per
+dlr.
+    Bonds held until maturity will be redeemed at 116.43 pct
+for a 6-1/2 pct annual yield. Subscriptions close on October
+28.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20188" NEWID="21248">
+<DATE>19-OCT-1987 12:26:36.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1936&#31;reute
+b f BC-DIME-SAVINGS-BANK-N.Y   10-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DIME SAVINGS BANK N.Y. &lt;DIME.O> 3RD QTR NET</TITLE>
+<DATELINE>    GARDEN CITY, N.Y., Oct 19 -
+    </DATELINE><BODY>Shr 1.22 dlrs
+    Net 27.8 mln vs 28.6 mln
+    Nine mths
+    Shr 3.88 dlrs
+    Net 87.4 mln vs 98.7 mln
+    Assets 10.3 billion vs 8.4 billion
+    Deposits 7.4 billion vs 6.7 billion
+    Loans 7.9 billion vs 6.0 billion
+    NOTE: Full name is Dime Savings Bank of New York. 1986 per
+share figures not available as bank converted to stock form in
+August 1986.
+    1987 qtr and nine mths includes gain 10.5 mln dlrs and 33.2
+mln dlrs, respectively, from utilization of net operating loss
+carryforwards. 1986 qtr and nine mths includes gain 10.4 mln
+dlrs and 32.9 mln dlrs, respectively, from utilization of net
+operating loss carryforwards. 1987 qtr and nine mths also
+includes charge of 835,000 dlrs for the early extinguishment of
+debt net of tax benefit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20187" NEWID="21249">
+<DATE>19-OCT-1987 12:26:05.24</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1932&#31;reute
+u f BC-NORDIC-INVESTMENT-BAN   10-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORDIC INVESTMENT BANK GIVES LOAN TO NESTE</TITLE>
+<DATELINE>    HELSINKI, Oct 19 - </DATELINE><BODY>The Nordic Investment Bank (NIB) said in
+a statement it granted Finland's state-owned oil company Neste
+Oy &lt;Neoy.He> a one hundred million German mark loan to acquire
+shares in Sweden's OK Petroleum AB.
+    Neste is buying one quarter of the shares in the Swedish
+company, whose other shareholders are the Swedish State and a
+federation of oil consumers.
+    Over 60 pct of the NIB's loans this year have involved the
+energy sector.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20186" NEWID="21250">
+<DATE>19-OCT-1987 12:25:30.42</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F 
+&#22;&#22;&#1;f1928&#31;reute
+r f BC-econ-summit   10-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. LAWMAKERS SAY STOCK DIVE CALLS FOR SUMMIT</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Two congressmen urged President Reagan
+to to call congressional leaders to a domestic economic summit
+to settle budget and trade matters they said contributed to the
+stock market fall.
+    Noting the nosediving New York Stock Exchange, Rep David
+Obey, a Wisconsin Democrat and former chairman of the
+Congressional Economic Committee, said "for the last five years
+this economic recovery has been running on borrowed money and
+borrowed time."
+    In another House speech, Democrat Donald Pease of Ohio said
+a domestic economic summit was "desperately needed."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20185" NEWID="21251">
+<DATE>19-OCT-1987 12:23:06.94</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1921&#31;reute
+u f BC-HAL-ROACH-&lt;HRSI.O>,-R   10-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HAL ROACH &lt;HRSI.O>, ROBERT HALMI &lt;RHI> TO MERGE</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Robert Halmi Inc said it and Hal Roach
+Studios Inc signed a definitive agreement to merge in a stock
+swap value at 115 mln dlrs, based on October 16 closing prices.
+    The company said the agreement calls for the holders of
+common stock in Hal Roach to exchange their shares on a
+one-for-one basis for shares in the combined company.
+    It said holders of Robert Halmi common will exchange their
+shares on a two-and-one-half-for-one basis for shares in the
+combined company.
+    The company said the swap will be tax-free.
+    The company also said &lt;Qintex Ltd>, a 35 pct owner of Hal
+Roach common stock, has agreed to use the company as the
+exclusive vehicle for its U.S. media and entertainment
+investments, the company said.
+    The company said Qintex's U.S. subsidiary also agreed to
+supply a minimum 70 mln dlrs line of credit to the new company,
+which shall be used, with Qintex approval, for financing new
+HRI products.
+    The company said that under the definitive agreement,
+Qintex's U.S. division will have the right to purchase up to 51
+pct of the new company in the open market, in private
+transactions or by tender offer, but will not be purchasing
+warrants to bring its ownership to 51 pct of the new company.
+    If Qintex's U.S. subsidiary has not achieved this ownership
+within one year after the completion of the merger, the
+subsidiary will have the right two years thereafter to request
+that HRI commence a rights offering to HRI stockholders, the
+company said.
+    Regarding the potential rights offering, Qintex's U.S.
+subsidiary will act as standby purchaser, the company said.
+    The transaction is subject to the approval of both
+company's shareholders, the receipt of certain tax approvals,
+and the continued employement of Robert Halmi Sr and Robert
+Halmi Jr, the company said.
+    Robert Halmi Sr, who is currently chairman and chief
+executive officer of Robert Halmi Inc, will be chairman of the
+new company and David Evans, current president and chief
+operating officer of Hal Roach, will become chief executive,
+the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20184" NEWID="21252">
+<DATE>19-OCT-1987 12:22:20.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1918&#31;reute
+h f BC-PICCADILLY-CAFETERIAS   10-19 0029</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PICCADILLY CAFETERIAS INC &lt;PICC.O> 1ST QTR NET</TITLE>
+<DATELINE>    BATON ROUGE, La., Oct 19 - </DATELINE><BODY>Sept 30 end
+    Shr 32 cts vs 32 cts
+    Net 2,990,000 vs 2,988,000
+    Sales 57.3 mln vs 54.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20183" NEWID="21253">
+<DATE>19-OCT-1987 12:22:08.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1916&#31;reute
+d f BC-SYSTEM-SOFTWARE-&lt;SSAX   10-19 0050</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SYSTEM SOFTWARE &lt;SSAX.O> COMPLETES ACQUISITION</TITLE>
+<DATELINE>    CHICAGO, Oct 19 - </DATELINE><BODY>System Software Associates Inc said it
+completed its previously-announced acquisition of Admin EDP Pty
+Ltd for cash and a small amount of stock.
+    Admin EDP, of Sydney, Australia, is a full-service software
+sales and services firm.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20182" NEWID="21254">
+<DATE>19-OCT-1987 12:22:03.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1915&#31;reute
+r f BC-GRACO-INC-&lt;GGG>-3RD-Q   10-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GRACO INC &lt;GGG> 3RD QTR SEPT 25 NET</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 19 -
+    </DATELINE><BODY>Shr 54 cts vs 73 cts
+    Net 3,080,000 vs 4,367,000
+    Sales 59.6 mln vs 55.6 mln
+    Nine mths
+    Shr 1.44 dlrs vs 1.81 dlrs
+    Net 8,526,000 vs 10,857,000
+    Sales 172.4 mln vs 167.0 mln
+    Backlog 34 mln dlrs vs 29 mln dlrs
+    NOTE: 1986 period ended September 26
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20181" NEWID="21255">
+<DATE>19-OCT-1987 12:21:45.80</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1913&#31;reute
+d f BC-FIRST-MICHIGAN-BANCOR   10-19 0034</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST MICHIGAN BANCORP &lt;FMBC.O> 3RD QTR NET</TITLE>
+<DATELINE>    ZEELAND, Mich., Oct 19 -
+    </DATELINE><BODY>Shr 55 cts vs 48 cts
+    Net 2,520,000 vs 2,211,000
+    Nine mths
+    Shr 1.57 dlrs vs 1.41 dlrs
+    Net 7,223,000 vs 6,475,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20180" NEWID="21256">
+<DATE>19-OCT-1987 12:19:29.83</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1898&#31;reute
+d f BC-COUNTRYWIDE-TRANSPORT   10-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COUNTRYWIDE TRANSPORT &lt;CWTS.O> 3RD QTR NET</TITLE>
+<DATELINE>    POMONA, Calif., Oct 19 -
+    </DATELINE><BODY>Shr 19 cts vs 15 cts
+    Net 826,362 vs 421,759
+    Revs 19.0 mln vs 14.8 mln
+    Avg shrs 4,400,000 vs 2,900,000
+    Nine Mths
+    Shr 48 cts vs 31 cts
+    Net 1,872,075 vs 887,478
+    Revs 51.6 mln  41.1 mln
+    Avg shrs 3,889,000 vs 2,900,000
+    Note: Full name Countrywide Transport Services Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20179" NEWID="21257">
+<DATE>19-OCT-1987 12:18:51.38</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1894&#31;reute
+h f BC-SOFTWARE-SERVICES-OF   10-19 0027</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOFTWARE SERVICES OF AMERICA INC &lt;SSOA.O> NET</TITLE>
+<DATELINE>    NORTH ANDOVER, Mass., Oct 19 -
+    </DATELINE><BODY>Shr four cts vs five cts
+    Net 85,292 vs 109,285
+    Revs 2,916,128 vs 474,819
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20178" NEWID="21258">
+<DATE>19-OCT-1987 12:17:53.94</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1888&#31;reute
+r f BC-A.-SCHULMAN-&lt;ASHL.O>   10-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A. SCHULMAN &lt;ASHL.O> SETS SPECIAL DIVIDEND</TITLE>
+<DATELINE>    AKRON, Ohio, Oct 19 - </DATELINE><BODY>A. Schulman Inc said its board
+declared a special dividend of 10 cents per share, payable
+November 23 to holders of record November 9.
+    The company also said its board authorized the spending of
+15 mln dlrs for a new warehouse and plant in West Germany
+adjacent to its present location there.
+    It said the board also authorized the spending of 1,700,000
+dlrs to provide additional warehouse, laboratory and office
+space at its Belgian facility.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20177" NEWID="21259">
+<DATE>19-OCT-1987 12:16:39.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1882&#31;reute
+r f BC-KEYCORP-&lt;KEY>-3RD-QTR   10-19 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KEYCORP &lt;KEY> 3RD QTR NET</TITLE>
+<DATELINE>    ALBANY, N.Y., Oct 19 -
+    </DATELINE><BODY>Shr 85 cts vs 77 cts
+    Net 25.8 mln vs 21.9 mln
+    Avg shrs 29.0 mln vs 27.1 mln
+    Nine mths
+    Shr 2.22 dlrs vs 2.14 dlrs
+    Net 67.9 mln vs 60.1 mln
+    Avg shrs 29.0 mln vs 26.5 mln
+    NOTE: Previously reoprted amounts restated for earnings of
+First NorthWest Bancorp acquired in pooling of interests on
+July 31, 1987.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20176" NEWID="21260">
+<DATE>19-OCT-1987 12:15:58.15</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1877&#31;reute
+r f BC-ALLIED-SIGNAL-INC-&lt;AL   10-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIED-SIGNAL INC &lt;ALD> 3RD QTR OPER NET</TITLE>
+<DATELINE>    MORRIS TOWNSHIP, N.J., Oct 19 -
+    </DATELINE><BODY>Oper shr 1.02 dlrs vs 82 cts
+    Oper net 174 mln vs 149 mln
+    Revs 2.7 billion vs 2.4 billion
+    Nine mths
+    Oper shr 2.54 dlrs vs 2.64 dlrs
+    Oper net 438 mln vs 492 mln
+    Revs 8.2 billion vs 7.4 billion
+    NOTE: 1987 3rd qtr and nine mths includes after-tax 82 mln
+dlr or 49 cts a share gain for increase in equity of Union
+Texas Petroleum Holdings Inc, for initial public offering.
+   
+    1987 nine mths net includes after-tax gain of 73 mln dlrs
+or 42 cts a share on sale of remaining interest in the Henley
+Group Inc and other related transactions, which was partly
+offset by an after-tax loss of 30 mln dlrs ot 17 cts a share
+for repurchase of high coupon bonds.
+    1987 nine mths also excludes 79 mln dlrs for estimated net
+gain on disposal of discontinued operations as of March 31,
+1987, including Linotype Group, Amphenol Products, Ampex Corp.
+    1986 amounts restated to exclude sales and expenses of
+discontinued operations.
+   
+    1986 3rd qtr and nine mths oper net excludes operating
+income of 15 mln dlrs and and 44 mln dlrs for discontinued
+operations.
+    1986 nine mths includes a 43 mln dlrs or 24 cts a share
+after tax gain for reversion of surplus pension funds.
+    At end of 1987 and 1986 third quarter, average shares
+outstanding were 169.9 mln and 175.4 mln outstanding, after
+deducting dividends accured on preferred stock. At end of 1987
+and 1986 nine mth period, average shares were 172.5 mln and
+175.9, respectively, after deducting for preferred stock
+dividends.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20175" NEWID="21261">
+<DATE>19-OCT-1987 12:14:05.07</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1862&#31;reute
+u f BC-CORBY-DISTILLERIES-(C   10-19 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CORBY DISTILLERIES &lt;CDL.TO> TO BUY HEUBLEIN UNIT</TITLE>
+<DATELINE>     MONTREAL, Oct 19 - </DATELINE><BODY>Corby Distilleries Ltd said it has
+agreed to buy Toronto-based McGuinness Distillers Ltd from
+Heublein Inc for about 45 mln dlrs in a move which Corby
+expects to add significantly to domestic earnings.
+     Heublin is a subsidiary of Grand Metropolitan PLC
+(GMHL.L).
+     Corby said McGuinness will remain a seperate business unit
+with a seperate sales force.
+     McGuinness markets liquers, brandy, and other liquors and
+has entered the fast-expanding wine cooler market, Corby said.
+     Corby said it expects to benefit from McGuinness's
+succesfull introduction of schnapps and coolers and its
+strength in traditional market sectors.       
+     Heublein said the sale does not include McGuinness's
+Calona Wines Ltd, a Canadian wine company.
+     Heublein said it is will still be represented in Canada by
+Gilbey Canada Inc. reuter
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20174" NEWID="21262">
+<DATE>19-OCT-1987 12:13:55.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1861&#31;reute
+d f BC-BURR-BROWN-CORP-&lt;BBRC   10-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BURR-BROWN CORP &lt;BBRC.O> 3RD QTR NET</TITLE>
+<DATELINE>    TUCSON, Ariz., Oct 19 -
+    </DATELINE><BODY>Shr 16 cts vs 13 cts
+    Net 1,538,000 vs 1,288,000
+    Sales 35.3 mln vs 29.5 mln
+    Nine Mths
+    Shr 27 cts vs 37 cts
+    Net 2,601,000 vs 3,586,000
+    Sales 102.0 mln vs 84.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20173" NEWID="21263">
+<DATE>19-OCT-1987 12:12:24.61</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1849&#31;reute
+f f BC-DIME-SAVINGS-BA   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DIME SAVINGS BANK OF NEW YORK 3RD QTR NET 27.8 MLN DLRS 28.6 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20172" NEWID="21264">
+<DATE>19-OCT-1987 12:10:52.39</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1841&#31;reute
+r f BC-TEMPLE-INLAND-INC-&lt;TI   10-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEMPLE-INLAND INC &lt;TIN> 3RD QTR NET</TITLE>
+<DATELINE>    DIBOLL, Texas, Oct 19 -
+    </DATELINE><BODY>Shr 1.24 dlrs vs 66 dlrs
+    Net 38.2 mln vs 20.1 mln
+    Revs 419.1 mln vs 333.8 mln
+    Nine mths
+    Shr 3.50 dlrs vs 1.74 dlrs
+    Net 107.7 mln vs 53 mln
+    Revs 1.2 billion vs 940 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20171" NEWID="21265">
+<DATE>19-OCT-1987 12:09:52.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1834&#31;reute
+h f BC-UNIVERSAL-FURNITURE-L   10-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNIVERSAL FURNITURE LTD &lt;UFURF.O> 3RD QTR NET</TITLE>
+<DATELINE>    HIGH POINT, N.C., Oct 19 -
+    </DATELINE><BODY>Shr 34 cts vs 26 cts
+    Net 6,150,000 vs 4,743,000
+    Revs 61.4 mln vs 49.5 mln
+    Nine months
+    Shr 89 cts vs 70 cts
+    Net 16 mln vs 11.8 mln
+    Revs 170 mln vs 137.5 mln
+    NOTE: All share and per share data have been adjusted to
+reflect 100 pct stock dividend distrition on April 24, 1987 and
+the public offier of two mln shares ofthe company on June 4,
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20170" NEWID="21266">
+<DATE>19-OCT-1987 12:09:12.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1830&#31;reute
+d f BC-A.-SCHULMAN-INC-&lt;SHLM   10-19 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>A. SCHULMAN INC &lt;SHLM.O> 4TH QTR AUG 31 NET</TITLE>
+<DATELINE>    AKRON, Ohio, Oct 19 -
+    </DATELINE><BODY>Shr 63 cts vs 49 cts
+    Net 5,635,000 vs 4,330,000
+    Sales 117.8 mln vs 96.2 mln
+    Year
+    Shr 2.21 dlrs vs 1.71 dlrs
+    Net 19.8 mln vs 15.2 mln
+    Sales 465.1 mln vs 388.5 mln
+    NOTE: Share adjusted for February 1987 three-for-two split.
+    Prior year results restated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20169" NEWID="21267">
+<DATE>19-OCT-1987 12:08:43.13</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f1825&#31;reute
+u f BC-USX-&lt;X>-UNIT-HIKES-CR   10-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X> UNIT HIKES CRUDE OIL POSTED PRICES</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Marathon Petroleum Company, a subsidiary
+of USX Corp, said it lowered posted prices for crude oil by 50
+cts with an effective date of October 16.
+    The increase brings posted prices for West Texas
+Intermediate and West Texas Sour to 19.00 dlrs a barrel each.
+South Louisiana Sweet was increased to 19.35 dlrs a barrel.
+    Several indepndent oil companies such as Permian Corp and
+Coastal Corp &lt;CGP> said they had moved prices up effective last
+Friday the day Sun Co &lt;SUN> announced a 50 cts a barrel
+increase to 19.00 dlrs a barrel.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20168" NEWID="21268">
+<DATE>19-OCT-1987 12:07:57.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T F 
+&#22;&#22;&#1;f1819&#31;reute
+f f BC-LONDON-GOLD-1500-FIX   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LONDON GOLD 1500 FIX - OCT 19 - 481.00 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20167" NEWID="21269">
+<DATE>19-OCT-1987 12:07:35.60</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f1815&#31;reute
+r f BC-ANCHOR-GLASS-&lt;ANC>-SE   10-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANCHOR GLASS &lt;ANC> SEES FLAT ANNUAL RESULT</TITLE>
+<DATELINE>    TAMPA, Fla., Oct 19 - </DATELINE><BODY>Anchor Glass Container Corp said it
+expects fourth quarter profits to exceed the 4.7 mln dlrs
+reported for the third quarter and net income for the full year
+will be about equal to or slightly exceed 1986's profit before
+extraordinary items of 20.6 mln dlrs.
+    For the first nine months, Anchor reported operating
+profits of 16.2 mln dlrs, down from 17.8 mln dlrs in 1986.
+    It said third quarter profits, which dropped from 8.3 mln
+dlrs a year earlier, "were on target with management's earlier
+expectations".
+    The company had previously said it expected the August 13
+purchase of Diamond-Bathurst Inc to reduce third quarter
+earnings.
+    It said third quarter earnings were also reduced by about
+800,000 dlrs, or six cents a share, by a year-to-date revision
+in the estimated annual effective tax rate as a result of the
+acquisition.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20166" NEWID="21270">
+<DATE>19-OCT-1987 12:05:46.91</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1799&#31;reute
+d f BC-USX-&lt;X>,-INLAND-&lt;IAD>   10-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>USX &lt;X>, INLAND &lt;IAD> IN STEEL COIL VENTURE</TITLE>
+<DATELINE>    PITTSBURGH, Oct 19 - </DATELINE><BODY>USX Corp said its USS division and
+Inland Steel Corp are continuing to pursue plans to construct a
+plant devoted to the continuous pre-painting of steel coils.
+    The company said the proposed facility will primarily serve
+the appliance market and will have a capacity of 250,000 to
+300,000 tons yearly.
+    The company said a location for the new plant has not been
+determined.
+    Seperately, USX said it and Inland have been unable to
+reach agreement with &lt;Worldmark Corp> regarding terms of a
+previously announced arrangement for prepainting steel coils.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20165" NEWID="21271">
+<DATE>19-OCT-1987 12:05:30.11</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1797&#31;reute
+r f BC-BEARINGS-INC-&lt;BER>-1S   10-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BEARINGS INC &lt;BER> 1ST QTR NET</TITLE>
+<DATELINE>    CLEVELAND, Oct 19 - </DATELINE><BODY>Sept 30 end
+    Primary 76 cts vs 51 cts
+    Diluted shr 70 cts vs 49 cts
+    Net 2,802,000 vs 2,030,000
+    Revs 124.9 mln vs 117.2 mln
+    Primary avg shrs 3,687,000 vs 4,016,000
+    Diluted avg shrs 4,786,000 vs 5,101,000
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20164" NEWID="21272">
+<DATE>19-OCT-1987 12:04:51.09</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1792&#31;reute
+r f BC-CHEMICAL-WASTE-MANAGE   10-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHEMICAL WASTE MANAGEMENT INC&lt;CHW> 3RD QTR NET</TITLE>
+<DATELINE>    OAK BROOK, Ill., Oct 19 -
+    </DATELINE><BODY>Shr 24 cts vs 15 cts
+    Net 24,057,000 vs 14,508,000
+    Revs 156.1 mln vs 111.2 mln
+    Nine mths
+    Shr 63 cts vs 40 cts
+    Net 63,183,000 vs 36,464,000
+    Revs 405.0 mln vs 295.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20163" NEWID="21273">
+<DATE>19-OCT-1987 12:03:29.15</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1783&#31;reute
+r f BC-MONSANTO-&lt;MTC>-NUTRAS   10-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONSANTO &lt;MTC> NUTRASWEET SALES SHOW SMALL DROP</TITLE>
+<DATELINE>    ST. LOUIS, Oct 19 - </DATELINE><BODY>Monsanto Co said sales of its
+Nutrasweet artificial sweetener fell slightly in the third
+quarter due to a continuing decline in usage by the powdered
+soft drink market.
+    "It doesn't look as if there is going to be any improvement
+in the powdered soft drink sector," said Donna Smith, a
+Monsanto spokeswoman.
+    The company reported third quarter sales of 1.90 billion
+dlrs from 1.69 billion a year earlier. Nutrasweet sales fell to
+177 mln from 179 mln a year earlier, it said.
+    A growing market for diet sodas, about 90 pct of which use
+Nutrasweet, offset much of the sales loss, said Monsanto chief
+economist Nick Filippello.
+    Prospects remain strong in the diet soda market, Filippello
+said, since industry analysts predict diet carbonated soft
+drinks will hold about 28 pct of the soda market by year's end,
+up from 25 pct in 1986.
+    That market, coupled with increased usage of Nutrasweet in
+such items as frozen desserts, should result in a 10 pct
+increase in consumer consumption of the sweetener in 1987,
+Filippello said.
+    Monsanto spokeswoman Donna Smith refused to comment on the
+company's pricing policies for Nutrasweet.
+    However, Filippello said it was fair to assume that
+Monsanto priced Nutrasweet at a lower rate for the diet soda
+market.
+    Nutrasweet sales have been falling since the fourth quarter
+of 1986 when medical studies raised questions about its
+possible side effects, such as migraine headaches.
+    Monsanto acquired G.D. Searle and Co, Nutrasweet's maker in
+1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20162" NEWID="21274">
+<DATE>19-OCT-1987 12:01:28.02</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f1776&#31;reute
+f f BC-MARATHON-RAISED   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MARATHON RAISED CRUDE POSTED PRICES BY 50 CTS A BARREL EFFECTIVE OCTOBER 16.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20161" NEWID="21275">
+<DATE>19-OCT-1987 11:59:55.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1771&#31;reute
+d f BC-AIR-PRODUCTS-AND-CHEM   10-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIR PRODUCTS AND CHEMICALS INC &lt;APD> 4TH QTR NET</TITLE>
+<DATELINE>    ALLENTOWN, Pa., Oct 19 -
+    </DATELINE><BODY>Oper shr 70 cts vs 18 cts
+    Oper net 39.1 mln vs 10.0 mln
+    Sales 543.6 mln vs 489.6 mln
+    Year
+    Oper shr 2.83 dlrs vs 1.82 dlrs
+    Oper net 159.7 mln vs 106.9 mln
+    Sales 2.13 billion vs 1.94 billion
+    Avg shrs 56.4 mln vs 58.6 mln
+    NOTE: Results restated for discontinued engineering
+services operations.
+    Prior year net excludes losses from discontinued operations
+of 143,000 dlrs in quarter and 102,156 dlrs in year.
+    Fiscal 1987 year net excludes 4,081,000 dlr charge from
+early debt retirement.
+    Fiscal 1986 net includes special charges 24.7 mln dlrs in
+quarter and 37.2 mln dlrs in year from worgroce reduction
+costs, revaluation of South African investment, reversal of
+investment tax credits and othe4r items.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20160" NEWID="21276">
+<DATE>19-OCT-1987 11:59:42.92</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D><D>takeshita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f1769&#31;reute
+b f BC-TAKESHITA-CHOSEN-AS-N   10-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TAKESHITA CHOSEN AS NEXT JAPAN PRIME MINISTER</TITLE>
+<DATELINE>    TOKYO, Oct 20 - </DATELINE><BODY>Japan's ruling Liberal Democratic Party
+(LDP) on Tuesdayhose former Finance Minister Noboru Takeshita
+to be the next prime minister, replacing Yasuhiro Nakasone
+whose term ends on October 30.
+    LDP officials told Reuters the choice was made by Nakasone
+after Takeshita and two other contenders failed in marathon
+closed-door meetings to agree who should be Japan's next
+leader.
+    They were vying for the presidency of the LDP, a post which
+automatically carries with it the premiership by virtue of the
+party's parliamentary majority.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20159" NEWID="21277">
+<DATE>19-OCT-1987 11:59:35.68</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>france</D><D>west-germany</D><D>usa</D><D>japan</D></PLACES>
+<PEOPLE><D>james-baker</D><D>balladur</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f1768&#31;reute
+d f BC-TRANSATLANTIC-ROW-IMP   10-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSATLANTIC ROW IMPERILS LOUVRE ACCORD-DEALERS</TITLE>
+<AUTHOR>    By Guy Collins</AUTHOR>
+<DATELINE>    PARIS, Oct 19 - </DATELINE><BODY>The Louvre accord on currency stability,
+which has maintained an uneasy calm in currency markets since
+last February, appeared in serious danger today as a
+transatlantic dispute over West German interest rates came to
+the boil, foreign exchange dealers said.
+    But as the dollar slid against the mark and world stock and
+bond markets plunged, officials in the major industrial
+countries played down the dispute as a bilateral problem
+between the United States and West Germany and insisted that
+the currency pact was still alive.
+    U.S. Treasury Secretary James Baker sparked the market
+fears when he attacked the rise in West German short-term
+interest rates. "That's not in keeping with the spirit of what
+we agreed to as recently as earlier this month in Washington,"
+Baker said in a U.S. Television interview on Sunday. He was
+referring to the meetings of Finance Ministers from the Group
+of Seven (G7) leading industrial nations which reaffirmed the
+pact.
+    Under the Louvre Accord West Germany and Japan, who both
+have large trade surpluses, pledged to boost their economic
+growth to take in more exports from the U.S., While the U.S.
+Agreed to stop talking the dollar down.
+    However, Baker said on Saturday that while the Louvre
+agreement was still operative, the West German interest rate
+move would force the U.S. To re-examine the accord.
+    "The foreign exchange market has been told by Baker that
+he's going to hammer Germany ... He has just declared all bets
+are off in terms of currency cooperation," Chris Johns, currency
+analyst at UBS-Phillips and Drew in London said.
+    But a Bank of Japan official took a much more sanguine
+view, telling Reuters that "the exchange market is apparently
+reacting too much, and anyone who sold the dollar on the Baker
+comment will regret it later on."
+    French Finance Minister Edouard Balladur, who hosted the
+Louvre meeting, was the only one of the G7 Finance Ministers to
+respond directly to Baker's remarks. He called for "a faithful
+and firm adherence by all the major industrial countries to the
+Louvre accords -- in both their letter and spirit."
+    Neither the West German Finance Ministry nor the British
+Treasury commented on the row.
+    But a Japanese Finance Ministry official said that despite
+U.S. Frustration over higher interest rates abroad, "this does
+not represent its readiness to scrap the basic framework of the
+Louvre Accord."
+    In Frankfurt F. Wilhelm Christians, joint chief executive
+of West Germany's largest bank, Deutsche Bank, said that
+following recent meetings with Baker, he believed that the U.S.
+Was still committed to the accord.
+    In a move which the market interpreted as a possible
+gesture of reconciliation, the Bundesbank added short-term
+liquidity to the West German money market at 3.80 pct on
+Monday, down from the 3.85 pct level at which it injected
+medium-term liquidity last week. The Bank of France also
+stepped into the French money market to hold down rates,
+injecting short-term liquidity at 7-3/4 pct after rates rose
+close to eight pct.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20158" NEWID="21278">
+<DATE>19-OCT-1987 11:59:27.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1767&#31;reute
+r f BC-NORTHVIEW-&lt;NOVC.O>-PL   10-19 0077</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORTHVIEW &lt;NOVC.O> PLANS TO SELL COMPANY</TITLE>
+<DATELINE>    SAN DIEGO, Calif., Oct 19 - </DATELINE><BODY>Northview Corp said it reached
+an agreement in principal covering the acquisition of the
+company by privately-held Calmark Financial Corp.
+    The agreement calls for Northview to make a self-tender
+offer for all of its outstanding stock at a price of 22 dlrs
+per share in cash.
+    Calmark, headquartered in Los Angeles, develops, manages
+and syndicates real estate, Northview also said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20157" NEWID="21279">
+<DATE>19-OCT-1987 11:58:56.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1764&#31;reute
+h f BC-LOGICON-INC-&lt;LGN>-GET   10-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOGICON INC &lt;LGN> GETS ADD ON TO CONTRACT</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 - </DATELINE><BODY>Logicon Inc said it received a
+three-mln-dlr modification to its contract to develop cruise
+missile simulation systems for the U.S. Air Force.
+    The company said the modification brings the contract to
+12.6 mln dlrs.
+    In addition, a separate 500,000-dlr option may be exercised
+after the basic simulation systems and software simulation are
+delivered in September, 1988, it said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20156" NEWID="21280">
+<DATE>19-OCT-1987 11:58:27.37</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1763&#31;reute
+b f BC-BUNDESBANK-WILL-NOT-H   10-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BUNDESBANK WILL NOT HOLD NEWS CONFERENCE THURSDAY</TITLE>
+<DATELINE>    FRANKFURT, Oct 19 - </DATELINE><BODY>The Bundesbank will not hold a news
+conference after its regular fortnightly central bank council
+meeting on Thursday, a spokesman said in answer to enquiries.
+    The council is meeting in West Berlin, where it meets once
+a year. It also meets once a year in another German city. These
+meetings outside Frankfurt are traditionally followed by a news
+conference. The spokesman declined to comment further.
+    In Bonn a finance ministry spokesman said Finance Minister
+Gerhard Stoltenberg would take part in the meeting in West
+Berlin. His participation was arranged long ago, he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20155" NEWID="21281">
+<DATE>19-OCT-1987 11:57:34.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1759&#31;reute
+r f BC-UNION-NATIONAL-CORP-&lt;   10-19 0064</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNION NATIONAL CORP &lt;UNBC.O> 3RD QTR NET</TITLE>
+<DATELINE>    PITTSBURGH, Oct 19 -
+    </DATELINE><BODY>Shr 80 cts vs 70 cts
+    Shr diluted 76 cts vs 67 cts
+    Qtly div 33 cts vs 33 cts prior
+    Net 7,879,000 vs 7,007,000
+    Nine mths
+    Shr 2.33 dlrs vs 2.01 dlrs
+    Shr diluted 2.22 dlrs vs 1.92 dlrs
+    Net 23.0 mln vs 20.0 mln
+    Avg shrs 9,890,148 vs 10.0 mln
+    NOTE: Dividend pay Dec 10, record Nov 20.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20154" NEWID="21282">
+<DATE>19-OCT-1987 11:57:14.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1757&#31;reute
+b f BC-CORBY-DISTILLERIES-LT   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+****<TITLE>CORBY DISTILLERIES LTD TO BUY HEUBLEIN'S MCGINNESS DISTILLERS FOR 45 MLN CANADIAN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20153" NEWID="21283">
+<DATE>19-OCT-1987 11:57:10.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1756&#31;reute
+r f BC-AMCAST-INDUSTRIAL-COR   10-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMCAST INDUSTRIAL CORP &lt;ACST.O> 4TH QTR LOSS</TITLE>
+<DATELINE>    DAYTON, Ohio, Oct 19 - </DATELINE><BODY>Aug 31
+    Shr loss 34 cts vs profit 39 cts
+    Net loss 2,337,000 vs profit 2,532,000
+    Revs 66.1 mln vs 58.5 mln
+    Avg shrs 7,166,000 vs 6,763,000
+    12 months
+    Shr profit 26 cts vs loss 1.20 dlrs
+    Net profit 1,815,000 vs loss 7,927,000
+    Revs 264.3 mln vs 229.7 mln
+    Avg shrs 7,005,000 vs 6,621,000
+    NOTE: Results include pretax restructuring provisions of
+4.2 mln dlrs and 22.5 mln dlrs for 1987 and 1986, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20152" NEWID="21284">
+<DATE>19-OCT-1987 11:56:42.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1754&#31;reute
+f f BC-AIR-PRODUCTS-AN   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AIR PRODUCTS AND CHEMICALS INC 4TH QTR OPER SHR 70 CTS VS 18 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20151" NEWID="21285">
+<DATE>19-OCT-1987 11:55:16.35</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1747&#31;reute
+b f BC-/-FED-ARRANGES-THREE-   10-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED ARRANGES THREE-DAY SYSTEM REPOS</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>The Federal Reserve entered the
+government securities market to arrange three-day system
+repurchase agreements, a spokesman for the New York Fed said.
+    Federal funds were trading at 7-5/8 pct at the time of the
+direct injection of temporary reserves, dealers said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20150" NEWID="21286">
+<DATE>19-OCT-1987 11:55:07.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1746&#31;reute
+a f BC-DATACOPY-CORP-&lt;DCPY.O   10-19 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DATACOPY CORP &lt;DCPY.O> 3RD QTR NET</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., Oct 19 -
+    </DATELINE><BODY>Shr profit three cts vs profit one ct
+    Net profit 129,082 vs profit 36,099
+    Revs 3,864,187 vs 1,875,919
+    Nine Mths
+    Shr loss six cts vs profit two cts
+    Net loss 303,581 vs profit 110,311
+    Revs 9,517,242 vs 5,248,105
+    NOTE: Prior qtr and nine mth figures include extraordinarycredits of 15,000 dlrs and 48,000 dlrs, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20149" NEWID="21287">
+<DATE>19-OCT-1987 11:53:06.11</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1736&#31;reute
+b f BC-MEDIA-GENERAL   10-19 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MEDIA GENERAL &lt;MEG> HOLDERS MAY SEEK CONTROL</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>A shareholder group led by Barris
+Industries Inc &lt;BRSS.O> said it acquired a 9.8 pct stake in
+Media General Inc Class A common stock and may seek seek
+contorl of the company.
+    In a filing with the Securities and Exchange Commission,
+the group said it holds 2,711,000 shares of Media General
+commons stock purchased at a total cost of about 108.3 mln
+dlrs.
+    In addition to the possible bid for control, the group said
+it may purchase additional Media General shares or possibly
+seek one or more seats on the company's board of directors
+through a proxy contest.
+    A bid for control of Media General would be subject to "a
+recapitalization or possible restructuring and to possible
+changes in the charter documents and by-laws of the company,"
+it said.
+    The group said it had held discussions with third parties
+to gauge their interest in joining the shareholder group, but
+no agreements were reached.
+    Talks with third parties are expected to continue, the
+shareholder group said.
+    Between October 13 and 16, Barris Industries bought
+1,322,200 shares of Media General Class A common stock 42.50
+dlrs to 45.50 dlrs a share in open market transactions, and
+another 12,000 shares privately.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20148" NEWID="21288">
+<DATE>19-OCT-1987 11:51:48.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1729&#31;reute
+h f BC-GOULD&lt;GLD>-NAMES-PRES   10-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOULD&lt;GLD> NAMES PRESIDENT OF SEMICONDUCTER DIV</TITLE>
+<DATELINE>    ROLLING MEADOWS, Ill, Oct 19 - </DATELINE><BODY>Gould Inc said it named
+Conrad Wredberg president and general manager of its
+Semiconducto&#27;[Br Division, based in Santa Clara, Calif.
+    Wredberg, formerly senior vice president of operations of
+the division, succeeds Robert Penn. Penn was named vice
+president of the Materials and Components Business Section, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20147" NEWID="21289">
+<DATE>19-OCT-1987 11:51:29.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1727&#31;reute
+f f BC-FED-SETS-THREE-   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FED SETS THREE-DAY SYSTEM REPURCHASES, FED SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20146" NEWID="21290">
+<DATE>19-OCT-1987 11:51:22.03</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1726&#31;reute
+d f BC-GENCORP-&lt;GY>-RKO-UNIT   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> RKO UNIT ASKS TO KEEP FCC LICENSES</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>RKO General Inc, a unit of GenCorp
+Inc, said it asked the Federal Communications Commission (FCC)
+to reverse a preliminary ruling by an agency hearing officer
+and let it keep its 14 broadcast licenses.
+    The FCC hearing officer had recommended that all 14 of
+RKO's licenses be revoked.
+    "If the decision is allowed to stand, it will destroy our
+right to broadcast," said William Reynolds, GenCorp chairman, in
+a printed statement. "The decision was based on allegations of
+misconduct that are either in error or have no bearing on our
+fitness as a broadcaster."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20145" NEWID="21291">
+<DATE>19-OCT-1987 11:51:14.33</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1725&#31;reute
+w f BC-S-K-I-&lt;SKII.O>-TO-BUY   10-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S-K-I &lt;SKII.O> TO BUY CALIFORA SKI AREA</TITLE>
+<DATELINE>    KILLINGTON, Vt., Oct 19 - </DATELINE><BODY>S-K-I Ltd and &lt;Goldmine Ski
+Associates Inc> said they reached an agreement calling for
+S-K-I to buy Goldmine's California ski area for approximately
+10 mln dlrs.
+    S-K-I, which owns Killlington and Mount Snow ski resorts in
+Vt., said the California ski area is located in the San
+Bernardino mountains.
+    The company said it plans to invest approximately 10 mln
+dlrs into the ski area in the next few years.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20144" NEWID="21292">
+<DATE>19-OCT-1987 11:50:47.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1724&#31;reute
+r f BC-ALLEGIS'&lt;AEG>WESTIN-S   10-19 0059</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLEGIS'&lt;AEG>WESTIN SETS NEWS CONFERENCE ON SALE</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Westin Hotels and Resorts, a subsidiary
+of Allegis Corp, said it will hold a press conference on
+October 21 near San Francisco to discuss the pending sale of
+the 61-hotel chain by Allegis.
+    Allegis has said that it plans to sell Westin buyt has not
+announced that a deal has been set.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20143" NEWID="21293">
+<DATE>19-OCT-1987 11:50:42.77</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>sweden</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C M 
+&#22;&#22;&#1;f1723&#31;reute
+d f BC-SWEDEN'S-BOLIDEN-TO-O   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDEN'S BOLIDEN TO OPEN SAUDI ARABIAN GOLD MINE</TITLE>
+<DATELINE>    STOCKHOLM, Oct 19 - </DATELINE><BODY>Mining group Boliden AB said it had
+agreed with Saudi state agency General Petroleum and Mineral
+Organisation (Petromin) to open a gold mine in Saudi Arabia to
+exploit one of the world's richest deposits of the metal.
+    Boliden spokesman Goran Paulson told Reuters the Swedish
+group would  be responsible for the technical side of the
+operation and would have no control over the product itself.
+    He said one option under discussion for refining the gold
+ore would be to ship it to Boliden's Ronnskar copper smelter in
+northern Sweden.
+    Paulson declined to give a figure for the deal but said it
+was strategically important since it increased Boliden's
+presence in Saudi Arabia.
+    "Representatives from Petromin have visited Ronnskar
+already...We see Saudi Arabia as the expansion area of the
+future," he said.
+    The new mine, which is being developed at Mahd adh Dhahab
+in the west of the country and should open in the first half of
+1988, would have an annual output of about 3,000 kilos of gold
+smelted from around 120,000 tons of ore, he said.
+    Boliden already owns 50 pct of a gold ore deposit in Saudi
+Arabia, but the new venture will be the first Saudi mine to
+open in modern times.
+    "This is a breakthrough for Boliden's sales of mining
+technology and knowhow," said the group's chief executive, Kjell
+Nilsson.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20142" NEWID="21294">
+<DATE>19-OCT-1987 11:50:23.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1720&#31;reute
+d f BC-IBM-&lt;IBM>,-NYNEX-&lt;NYN   10-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBM &lt;IBM>, NYNEX &lt;NYN> TO PARTICIPATE IN TEST</TITLE>
+<DATELINE>    WHITE PLAINS, N.Y., Oct 19 - </DATELINE><BODY>International Business
+Machines Corp said it and NYNEX Corp agreed to participate in
+an Integrated Services Digital Network field trial scheduled to
+begin in April 1988.
+    The company said the trial is designed to aid in the
+development of international standards for Integrated Services
+interfaces that connect telecommunications networks to display
+terminals and other devices.
+    Integrated Services Digital Network permits the
+simultaneous transmission of voice, data, and garphics through
+a single communications interface, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20141" NEWID="21295">
+<DATE>19-OCT-1987 11:50:11.02</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1719&#31;reute
+d f BC-AMERICAN-REPUBLIC-BAN   10-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN REPUBLIC BANCORP &lt;ARBC.O> 3RD QTR NET</TITLE>
+<DATELINE>    TORRANCE, Calif., Oct 19 -
+    </DATELINE><BODY>Shr profit 32 cts vs profit nine cts
+    Net profit 413,000 vs profit 63,000
+    Avg shrs 1,278,360 vs 728,476
+    Nine Mths
+    Shr profit 68 cts vs loss 57 cts
+    Net profit 708,000 vs loss 415,000
+    Avg shrs 1,041,697 vs 728,476
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20140" NEWID="21296">
+<DATE>19-OCT-1987 11:49:55.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1717&#31;reute
+s f BC-CAL-FED-INCOME-PARTNE   10-19 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAL FED INCOME PARTNERS L.P. &lt;CFI> QUARTERLY DIV</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 -
+    </DATELINE><BODY>Qtly div 25 cts vs 25 cts
+    Pay Nov 16
+    Record Oct 30
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20139" NEWID="21297">
+<DATE>19-OCT-1987 11:49:49.58</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1716&#31;reute
+h f BC-CAL-FED-INCOME-&lt;CFI>   10-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAL FED INCOME &lt;CFI> BUYS TWO SHOPPING CENTERS</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 - </DATELINE><BODY>Cal Fed Income Partners L.P. said it
+has acquired two shopping centers for a total price of 18.4 mln
+dlrs.
+    The company said it bought Best Plaza Shopping Center in
+Pleasanton, Calif., For 12 mln dlrs and Bristol Place Shopping
+Center in Santa Ana, Calif., for 16.4 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20138" NEWID="21298">
+<DATE>19-OCT-1987 11:49:28.82</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1712&#31;reute
+w f BC-FIRSTIER-FINANCIAL-IN   10-19 0033</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRSTIER FINANCIAL INC &lt;FRST.O> 3RD QTR NET</TITLE>
+<DATELINE>    OMAHA, Neb., Oct 19 -
+    </DATELINE><BODY>Shr 1.05 dlrs vs 74 cts
+    Net 5,244,000 vs 3,684,000
+    Nine Mths
+    Shr 2.93 dlrs vs 2.14 dlrs
+    Net 14.6 mln vs 10.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20137" NEWID="21299">
+<DATE>19-OCT-1987 11:48:30.58</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1707&#31;reute
+a f BC-&lt;ADVANCED-VIRAL>-RESC   10-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>&lt;ADVANCED VIRAL> RESCHEDULES MEETING</TITLE>
+<DATELINE>    MIAMI, Oct 19 - </DATELINE><BODY>Advanced Viral Research Corp said that its
+annual shareholders meeting has been rescheduled for November
+12 from September 14.
+    The company said the rescheduling was made to meet
+Securities and Exchange Commission regulations. It did not
+elaborate.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20136" NEWID="21300">
+<DATE>19-OCT-1987 11:46:14.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1691&#31;reute
+d f BC-SOUTHWEST-BANCORP-&lt;SW   10-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST BANCORP &lt;SWB> 3RD QTR LOSS</TITLE>
+<DATELINE>    VISTA, Calif., Oct 19 -
+    </DATELINE><BODY>Shr loss primary 82 cts vs profit 15 cts
+    Shr loss diluted 82 cts vs 13 cts
+    Net loss 4,134,000 vs profit 649,000
+    Avg shrs 5,030,000 vs 3,927,000
+    Nine Mths
+    Shr loss primary 80 cts vs profit 37 cts
+    Shr loss diluted 80 cts vs 32 cts
+    Net loss 3,615,000 vs profit 1,652,000
+    Avg shrs 4,557,000 vs 3,927,000
+    Loans 231.2 mln vs 221.5 mln
+    Deposits 323.3 mln vs 281.9 mln
+    Assets 368.3 mln vs 346.5 mln
+    Note: Prior qtr and nine mth figures include operating loss
+carryforward gains of 105,000 dlrs, or two cts per share and
+195,000 dlrs, or four cts per share, respectively.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20135" NEWID="21301">
+<DATE>19-OCT-1987 11:45:59.81</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1689&#31;reute
+d f BC-SHAMROCK-CAPITAL-COMP   10-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAMROCK CAPITAL COMPLETES CENTRAL SOYA SALE</TITLE>
+<DATELINE>    BURBANK, Calif., Oct 19 - </DATELINE><BODY>Shamrock Capital L.P, a limited
+partnership led by Shamrock Holdings Inc, said it completed its
+sale of Central Soya Co Inc to Ferruzzi Agricola Finanziaria of
+Italy.
+    Under terms of the sale agreement, which was announced on
+September 15, Ferruzzi acquired all the equity in Central Soya
+and assumed subordinated term debt of about 195 mln dlrs in a
+transaction valued at about 370 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20134" NEWID="21302">
+<DATE>19-OCT-1987 11:45:45.01</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1688&#31;reute
+b f BC-MARTIN-MARIETTA-&lt;ML>   10-19 0044</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MARTIN MARIETTA &lt;ML> 3RD QTR NET</TITLE>
+<DATELINE>    BETHESDA, Md., Oct 19 -
+    </DATELINE><BODY>Shr 1.02 dlrs vs 96 cts
+    Net 55.6 mln vs 53.2 mln
+    Revs 1.3 billion vs 1.2 billion
+    Nine mths
+    Shr 3.13 dlrs vs 2.88 dlrs
+    Net 171.3 mln vs 159.0 mln
+    Revs 3.8 billion vs 3.5 billion
+    NOTE: 1987 3rd qtr and nine mths includes one time
+after-tax charge of 14.3 mln dlrs or 26 cts a share for
+previously announced anticipated sale in the fourth quarter of
+an investment in Equatorial Communications Co.
+    1986 amounts restated, increasing net by four cts a share,
+for change in pension expense accounting.
+    Backlog on September 30, 1987 was 9.3 billion dlrs, which
+company said was a record.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20133" NEWID="21303">
+<DATE>19-OCT-1987 11:45:19.93</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>stoltenberg</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f1682&#31;reute
+u f BC-STOLTENBERG-ASSUMES-C   10-19 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STOLTENBERG ASSUMES COOPERATION WILL CONTINUE</TITLE>
+<DATELINE>    BONN, Oct 19 - </DATELINE><BODY>The West German government assumes that the
+commitment to international monetary cooperation which was
+renewed in Washington last month will continue, a Finance
+Ministry spokesman quoted Finance Minister Gerhard Stoltenberg
+as saying.
+    Stoltenberg's statement was a reaction to criticism of
+rises in West German interest rates voiced by U.S. Treasury
+Secretary James Baker over the weekend.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20132" NEWID="21304">
+<DATE>19-OCT-1987 11:41:10.57</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1653&#31;reute
+d f BC-WANG-&lt;WAN>-ANNOUNCES   10-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WANG &lt;WAN> ANNOUNCES FOUR COMPUTERS</TITLE>
+<DATELINE>    BOSTON, Oct 19 - </DATELINE><BODY>Wang Laboratories Inc announced four
+additions to its VS line of minicomputers which it said will
+offer double the capacity of the older models they replace.
+    Company officials told a news conference that Wang will
+also announce new entry level and high end computers within the
+next 12 months and a family of powerful work stations by the
+end of this year.
+    Ian Diery, Wang's senior vice president of U.S. operations,
+said the new models are lower priced than comparable computers
+from Digital Equipment Corp &lt;DEC>, the world's largest maker of
+minicomputers.
+   
+    Minicomputers are medium sized machines usually used within
+a department or work group of a larger company and typically
+cost between 10,000 and 500,000 dlrs.
+    The VS 5E will replace Wang's entry level VS 5. Priced at
+13,000 dlrs, it can support up to 16 users, double the eight
+supported by the five and has three times the disc capacity of
+the older system.
+    The VS 6E can support up to 32 users, double the capacity
+of the model six it replaces, and has three times the storage
+capacity of the older model. The 6E is priced at 22,000 dlrs.
+   
+    The VS 75E, which replaces the 65, can support 64 users, 60
+pct more than the older model and has twice the main memory
+capacity. It is priced at 44,000 dlrs.
+    The new VS 7010, which acts as an entry level system for
+Wang's more powerful 7000 family of minicomputers, can support
+between 30 and 55 users. It is priced at 75,000 dlrs.
+    All the new systems are now available, Diery said.
+    Bob Ano, Wang's senior vice president of corporate
+marketing, said that before the end of the company's fiscal
+year on June 30 it will introduce an entry level computer that
+will have four times the power of the 5E introduced today.
+   
+    Within the next 12 to 18 months, he said, Wang will
+announce a more powerful high-end machine that will offer
+double the price/performance of its 7000 series.
+    Ano said the new family of work stations planned for this
+year will have a 32-bit semiconductor and be able to support
+the industry standard MS-DOS and UNIX operating systems.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20131" NEWID="21305">
+<DATE>19-OCT-1987 11:40:11.89</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nyse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1647&#31;reute
+b f BC-/SEC-HEAD-NOT-URGING   10-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEC HEAD NOT URGING U.S. TRADING HALT AT PRESENT</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Securities and Exchange Commission
+Chairman David Ruder said a brief trading halt has been
+discussed as one way of restoring order to the stock market,
+but stressed he is not recommending one at present.
+    Speaking to reporters, Ruder said he has been in frequent
+contact with New York Stock Exchange Chairman John Phelan about
+the market's record drop today.
+    "I'm not afraid to say that there is some point, and I
+don't know what that point is, that I would be quite anxious to
+talk to the New York Stock Exchange about a very temporary halt
+in trading," Ruder said.
+    Ruder, who spoke to reporters after addressing an American
+Stock Exchange-sponsored investors' conference here, said that
+the SEC does not have the legal authority to order a trading
+halt.
+    Any trading halt, which would probably last no more than a
+half-hour, would have to be approved by the stock exchanges,
+Ruder said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20130" NEWID="21306">
+<DATE>19-OCT-1987 11:39:42.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>japan</D><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1643&#31;reute
+h f BC-CIRCLE-FINE-ART-&lt;CFNE   10-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CIRCLE FINE ART &lt;CFNE.O> IN LICENSING AGREEMENT</TITLE>
+<DATELINE>    CHICAGO, Oct 19 - </DATELINE><BODY>Circle Fine Art Corp said it completed an
+exclusive license agreement with the Seiyoken Group of Toyko to
+open Circle Galleries in Japan.
+    The first Circle Gallery is to open in Tokyo in ealry 1988,
+with additional Circle Galleries planned, the company said.
+    The license agreement is Circle Fine Art's second expansion
+outside the U.S. this year. Earlier this year, it formed a
+joint venture company in Canada.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20129" NEWID="21307">
+<DATE>19-OCT-1987 11:39:12.99</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1641&#31;reute
+f f BC-MEDIA-GENERAL   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BARRIS IND. SAYS IT LEADS GROUP WITH 9.8 PCT OF MEDIA GENERAL, MAY SEEK CONTROL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20128" NEWID="21308">
+<DATE>19-OCT-1987 11:38:19.76</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1636&#31;reute
+b f BC-NEIMAN-MARCUS-GROUP-I   10-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEIMAN-MARCUS GROUP INC &lt;NMG> 2ND QTR AUG 2 LOSS</TITLE>
+<DATELINE>    CHESTNUT HILL, Mass., Oct 19 -
+    </DATELINE><BODY>Shr not given
+    Net loss 69.0 mln vs profit 3,682,000
+    Revs 258.3 mln vs 229.6 mln
+    Six mths
+    Shr loss 58.8 mln vs profit 13.3 mln
+    Revs 517.9 mln vs 466.5 mln
+    NOTE: Company recently spun off from Carter Hawley Hale
+Stores Inc &lt;CHH>. Current year net both periods includes 40.8
+mln dlrs in pretax charges from Carter Hawley Hale
+restructuring.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20127" NEWID="21309">
+<DATE>19-OCT-1987 11:38:09.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y E 
+&#22;&#22;&#1;f1635&#31;reute
+d f BC-SEA-GOLD-OIL-ANNOUNCE   10-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SEA GOLD OIL ANNOUNCES PRIVATE PLACEMENT</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, Oct 19 - </DATELINE><BODY>&lt;Sea Gold Oil Corp> 
+said it has agreed to a private-placement financing of 400,000
+common shares of its unissued capital stock with Gulf
+International Minerals Ltd &lt;GIM.V> at 50 cts per share to raise
+200,000 dlrs Canadian.
+    The company said one of the conditions of the placement was
+the granting of a first right of refusal to Gulf in the event
+that the company should choose to enter into a joint-venture
+agreement on any of its mineral claims currently held in the
+Skyline area.
+   
+    If Gulf should sell any of the 400,000 shares, the first
+right of refusal will be null and void, the company said.
+    Proceeds will be used for the continued exploration and
+development of the Sea Gold's mining properties.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20126" NEWID="21310">
+<DATE>19-OCT-1987 11:37:28.62</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1630&#31;reute
+f f BC-KEYCORP-3RD-QTR   10-19 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>KEYCORP 3RD QTR SHR 85 CTS VS 77 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20125" NEWID="21311">
+<DATE>19-OCT-1987 11:36:59.93</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1627&#31;reute
+f f BC-TEMPLE-INLAND-I   10-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TEMPLE-INLAND INC 3RD QTR SHR 1.24 DLRS VS 66 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20124" NEWID="21312">
+<DATE>19-OCT-1987 11:36:57.76</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1626&#31;reute
+f f BC-ALLIED-SIGNAL-I   10-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ALLIED-SIGNAL INC 3RD QTR OPER SHR 1.02 DLRS VS 82 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20123" NEWID="21313">
+<DATE>19-OCT-1987 11:36:02.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1619&#31;reute
+d f BC-IGENE-BIOTECHNOLOGY-&lt;   10-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IGENE BIOTECHNOLOGY &lt;IGNE.O> ENDS LICENSE PACT</TITLE>
+<DATELINE>    COLUMBIA, Md., Oct 19 - </DATELINE><BODY>Igene Biotechnology Inc said it
+terminated its license agreement with Hercules Inc &lt;HPC> for
+the manufacture of Igene's natural food preservative and mold
+inhibitor.
+    It said the cancellation agreed to by both companies.
+    Igene said its Weyco-Serv product was licensed to Hercules
+in September 1985.
+    Under the terms of the agreement, Igene regains all rights,
+title and interest in its proprietary microorganisms, process
+and product and will repay out of future products sales certain
+royalties.
+   
+    The cancellation of the contract allows Igene to proceed
+with plans to produce NaturServ, a modified version of
+Weyco-Serv, the company said. The new product is expected to be
+available early next year, Igene said.
+    The company also said it plans to build a new multiproduct
+fermentation plant to meet anticipated demand for NaturServ and
+other company natural products.
+    Both Weyco-Serv and NaturServ contain high concentrations
+of acid salts that naturally inhibit spoilage and molding, the
+company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20122" NEWID="21314">
+<DATE>19-OCT-1987 11:34:39.10</DATE>
+<TOPICS><D>silver</D><D>gold</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1614&#31;reute
+h f BC-ARIZONA-SILVER-&lt;ASC>   10-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARIZONA SILVER &lt;ASC> REPORTS ON BURRO CREEK</TITLE>
+<DATELINE>    VANCOUVER, British Columbia, Oct 19 - </DATELINE><BODY>Arizona Silver Corp
+said diamond drilling on its Burro Creek Mine Property, located
+65 miles southeast of Kingman, Ariz., has begun.
+    The company said a report indicated that the Burro Creek
+project area which covers 800 acres, could have potential
+reserves of three to four mln tons of gold and silver
+mineralization.
+    Drill sites have been established and a diamond drilling
+program consisting of an initial 5,000 feet of drilling began
+October 13, the company said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20121" NEWID="21315">
+<DATE>19-OCT-1987 11:33:59.19</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1608&#31;reute
+u f BC-DELUXE-CHECK-PRINTERS   10-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DELUXE CHECK PRINTERS INC &lt;DLX> 3RD QTR NET</TITLE>
+<DATELINE>    ST. PAUL, Oct 19 -
+    </DATELINE><BODY>Shr 50 cts vs 35 cts
+    Net 42.7 mln vs 29.9 mln
+    Revs 236.5 mln vs 218.2 mln
+    Nine mths
+    Shr 1.24 dlrs vs 1.02 dlrs
+    Net 105.8 mln vs 86.9 mln
+    Revs 702.5 mln vs 642.5 mln
+    NOTE: 1987 nine-month earnings include nonrecurring gain of
+nine cents a share from sale of the company's Data Card
+investment.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20120" NEWID="21316">
+<DATE>19-OCT-1987 11:33:52.03</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1607&#31;reute
+f f BC-MARTIN-MARIETTA   10-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MARTIN MARIETTA CORP 3RD QTR SHR 1.02 DLRS VS 96 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20119" NEWID="21317">
+<DATE>19-OCT-1987 11:33:10.95</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1601&#31;reute
+u f BC-HOUSEHOLD-MORTGAGE-GE   10-19 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOUSEHOLD MORTGAGE GETS U.S. PAPER PROGRAM</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>&lt;Household Mortgage Corp> said it has
+arranged a 200 mln dlr commercial paper program in the U.S.,
+For which Goldman Sachs and Co will be the sole dealer.
+    The program will be backed by a letter of credit from
+Australia and New Zealand Banking Corp.
+    The program also is supported by a multiple option facility
+arranged in the Euromarkets in August.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20118" NEWID="21318">
+<DATE>19-OCT-1987 11:31:48.49</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1597&#31;reute
+d f BC-TRANSAMERICA-&lt;TA>-UNI   10-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRANSAMERICA &lt;TA> UNIT BUYS REINSURANCE UNIT</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 - </DATELINE><BODY>Transamerica Insurance Group, the
+main property-liability insurance operation of Transamerica
+Corp, said it signed a definitive agreement to acquire a
+newly-formed insurer, Commerical Risk Underwriters Insurance
+Co, from &lt;Clarendon Group Ltd>.
+    Transamerica said the unit, which will be renamed
+Transamerica Reinsurance Co, will initially be capitalized at
+about 185 mln dlrs.
+    Transamerica said the acquisition represents its first move
+into specialty treaty reinsurance.
+    The company said about 28 members of Clarendon will join
+Transamerica as part of the acquisition, which is expected to
+close in November and is subject to various regulatory
+approvals.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20117" NEWID="21319">
+<DATE>19-OCT-1987 11:30:57.50</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1594&#31;reute
+r f BC-TRITON-ENERGY   10-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDUSTRIAL EQUITY HAS 5.4 PCT OF TRITON &lt;OIL></TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>A group of firms led by Hong
+Kong-based Industrial Equity (Pacific) Ltd, said it acquired
+969,515 shares of Triton Oil Corp common stock, or 5.4 pct of
+the company's common stock outstanding.
+    Industrial Equity (Pacific), which is controlled by
+Brierley Investments Ltd &lt;BRYW.WE> and which has applied with
+U.S. antitrust regulators to buy up to 50 pct of Triton's
+common stock, said the current 5.4 pct stake was acquired for
+investment purposes.
+    The company said it informed Triton of its present "good
+faith intention" to buy more than 15 mln dlrs worth of Triton
+stock.
+    It said it also told Triton it "may depending on market
+conditions acquire 50 pct or more and possibly 100 pct of the
+voting securities of (Triton)."
+    It said it received clearance to buy up to 50 pct of the
+stock on September 11.
+    Industrial Equity (Pacific) reported it bought 250,000
+shares of Triton common stock on October 8 at 22.50 dlrs a
+share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20116" NEWID="21320">
+<DATE>19-OCT-1987 11:28:16.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1581&#31;reute
+f f BC-SEC-CHIEF-DOES   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SEC CHIEF DOES NOT RECOMMEND STOCK TRADING HALT NOW, BUT MAY CONSIDER URGING ONE
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20115" NEWID="21321">
+<DATE>19-OCT-1987 11:26:43.58</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C T 
+&#22;&#22;&#1;f1572&#31;reute
+u f BC-UK-SUGAR-FACTORY-CLOS   10-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UK SUGAR FACTORY CLOSES DUE TO SHORTAGE OF BEET</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>British Sugar Plc was forced to shut its
+Ipswich sugar factory on Sunday afternoon due to an acute
+shortage of beet supplies, a spokesman said, responding to a
+Reuter inquiry
+    Beet supplies have dried up at Ipswich due to a combination
+of very wet weather, which has prevented most farmers in the
+factory's catchment area from harvesting, and last week's
+hurricane which blocked roads.
+    The Ipswich factory will remain closed until roads are
+cleared and supplies of beet build up again.
+    This is the first time in many years that a factory has
+been closed in mid-campaign, the spokesman added.
+    Other factories are continuing to process beet normally,
+but harvesting remains very difficult in most areas.
+    Ipswich is one of 13 sugar factories operated by British
+Sugar. It processes in excess of 500,000 tonnes of beet a year
+out of an annual beet crop of around eight mln tonnes.
+    Despite the closure of Ipswich and the severe harvesting
+problems in other factory areas, British Sugar is maintaining
+its estimate of sugar production this campaign at around 1.2
+mln tonnes, white value, against 1.34 mln last year, the
+spokesman said.
+    British Sugar processes all sugar beet grown in the U.K.
+    The sugar beet processing campaign, which began last month,
+is expected to run until the end of January. Sugar factories
+normally work 24 hours a day, seven days a week during the
+campaign.
+    As of October 11, 12 pct of the U.K. Sugar crop had been
+harvested, little different to the same stage last year when 13
+pct had been lifted. Since then, however, very wet weather has
+severely restricted beet lifting.
+    Harvesting figures for the week to October 18 are not yet
+available.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20114" NEWID="21322">
+<DATE>19-OCT-1987 11:25:47.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1568&#31;reute
+d f BC-HOME-SAVINGS-BANK-OF   10-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SAVINGS BANK OF BROOKLYN &lt;HMSB.O> 3RD QTR</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Shr 57 cts vs not given
+    Net 6,889,000 vs 10.7 mln
+    Nine mths
+    Shr 1.67 dlrs vs not given
+    Net 20.1 mln vs 23.0 mln
+    NOTE: Company went public in November 1986.
+    1986 net both periods includes 5,642,000 dlr pretax gain on
+sale of branches.
+    Net includes securities and loan sales loss 90,000 dlrs
+pretax vs gain 46,000 dlrs in quarter and gains 1,213,000 dlrs
+vs 2,605,000 dlrs in nine mths and loan losxs provisions
+125,000 dlrs vs 30,000 dlrs in quarter and 275,000 dlrs vs
+90,000 dlrs in nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20113" NEWID="21323">
+<DATE>19-OCT-1987 11:24:57.62</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1567&#31;reute
+f f BC-Stoltenberg-says-he-a   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Stoltenberg says he assumes monetary cooperation will continue
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20112" NEWID="21324">
+<DATE>19-OCT-1987 11:24:49.78</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1565&#31;reute
+r f BC-MCI-COMMUNICATIONS-CO   10-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MCI COMMUNICATIONS CORP &lt;MCIC.O> 3RD QTR NET</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 -
+    </DATELINE><BODY>Shr eight cts vs six cts
+    Net 22 mln vs 18 mln
+    Revs 994 mln vs 910 mln
+    Nine mths
+    Shr 19 cts vs 20 cts
+    Net 55 mln vs 54 mln
+    Revs 2.9 billion vs 2.7 billion
+    NOTE: 1987 3rd qtr and nine mths include pre-tax gains of
+from antitrust settlement of 2,000,000 dlrs and 6,000,000 dlrs
+respectively.
+    3rd qtr 1986 includes pre-tax gain of 65 mln dlrs from sale
+of MCI Airsignal subsidiary, and after-tax extraordinary loss
+of 17 mln dlrs from early redemption of 9-1/2 pct subordinated
+notes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20111" NEWID="21325">
+<DATE>19-OCT-1987 11:23:13.94</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1553&#31;reute
+r f BC-STERLING-DRUG-INC-&lt;ST   10-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STERLING DRUG INC &lt;STY> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Shr 1.03 dlrs vs 88 cts
+    Net 59.5 mln vs 51.9 mln
+    Revs 641.7 mln vs 557.8 mln
+    Avg shrs 57.4 mln vs 59.0 mln
+    Nine mths
+    Shr 2.51 dlrs vs 2.14 dlrs
+    Net 145.2 mln vs 126.4 mln
+    Revs 1.71 billion vs 1.47 billion
+    Avg shrs 57.8 mln vs 59.0 mln
+   
+    NOTE: 1986 figures restated to reflected change in
+accounting methods related to pension expenses.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20110" NEWID="21326">
+<DATE>19-OCT-1987 11:20:48.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E 
+&#22;&#22;&#1;f1542&#31;reute
+u f BC-CAE-(CAE.TO)-UNIT-WIN   10-19 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAE &lt;CAE.TO> UNIT WINS LUFTHANSA CONTRACT</TITLE>
+<DATELINE>     MONTREAL, Oct 19 - </DATELINE><BODY>CAE Electronics Inc, wholly-owned by
+Cae Industries Ltd, said it received a contract worth nine mln
+Canadian dlrs to design and manufacture an A-320 aircraft
+flight simulator for Lufthansa German Airlines.
+    It said the simulator is scheduled for delivery in late
+1989.         
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20109" NEWID="21327">
+<DATE>19-OCT-1987 11:20:24.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1541&#31;reute
+r f BC-PHELPS-DODGE-&lt;PD>-NET   10-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHELPS DODGE &lt;PD> NET RISES ON COPPER STRENGTH</TITLE>
+<DATELINE>    PHOENIX, Oct 19 - </DATELINE><BODY>Phelps Dodge Corp said net earnings
+nearly tripled in the third quarter on sharply higher copper
+prices, increased sales and strong earnings from a new
+chemicals business.
+    The company also recorded a gain of 21.3 mln dlrs or 57
+cents a diluted share from a tax loss carryforward and gain on
+early debt retirement.
+    Copper prices averaged 78 cents a pound on the New York
+Commodity Exchange, up from 59 cents in the year-ago quarter.
+    Net earnings rose to 58.2 mln dlrs or 1.77 dlrs a share
+from 19.4 mln dlrs or 60 cents a share.
+    Copper sales rose 10 pct to 112,900 tons in the quarter and
+operating earnings from primary metals, mostly copper, grew to
+54.2 mln dlrs from 11.1 mln dlrs, the company said.
+    Manufacturing and specialty chemicals had operating
+earnings of 17.9 mln dlrs, including Columbian Chemicals,
+acquired at the end of 1986. In the 1986 quarter, the group's
+operating earnings were 5.2 mln dlrs.
+    Total sales in the quarter more than doubled to 377.4 mln
+dlrs from 188 mln dlrs.
+    Nine month net rose 98 pct to 100.3 mln dlrs or 2.80 a
+diluted share as sales grew 72.8 pct to 1.11 billion dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20108" NEWID="21328">
+<DATE>19-OCT-1987 11:19:58.50</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1539&#31;reute
+s f BC-JOHNSON-AND-JOHNSON-&lt;   10-19 0026</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JOHNSON AND JOHNSON &lt;JNJ> SETS QTLY DIVIDEND</TITLE>
+<DATELINE>    NEW BRUNSWICK, N.J., Oct 19 -
+    </DATELINE><BODY>Qtly div 42 cts vs 42 cts prior
+    Pay December 10
+    Record November 20
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20107" NEWID="21329">
+<DATE>19-OCT-1987 11:19:53.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1538&#31;reute
+f f BC-NEIMAN-MARCUS-G   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>NEIMAN-MARCUS GROUP 2ND QTR NET LOSS 69.0 MLN VS PROFIT 3,682,000
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20106" NEWID="21330">
+<DATE>19-OCT-1987 11:19:49.05</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1537&#31;reute
+u f BC-FPL-GROUP-INC-&lt;FPL>-3   10-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FPL GROUP INC &lt;FPL> 3RD QTR NET</TITLE>
+<DATELINE>    NORTH PALM BEACH, Fla., Oct 19 -
+    </DATELINE><BODY>Shr 1.16 dlrs vs 1.19 dlrs
+    Net 151.4 mln vs 152.4 mln
+    Revs 1.31 billion vs 1.17 billion
+    Avg shrs 130.0 mln vs 127.6 mln
+    12 mths
+    Shr 3.03 dlrs vs 2.85 dlrs
+    Net 392.7 mln vs 353.0 mln
+    Revs 4.32 billion vs 4.14 billion
+    Avg shrs 129.8 mln vs 123.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20105" NEWID="21331">
+<DATE>19-OCT-1987 11:19:05.04</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1529&#31;reute
+f f BC-   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> French 13-week T-Bill rate rises to 8.54 pct from 7.65 -- Bank of France
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20104" NEWID="21332">
+<DATE>19-OCT-1987 11:18:18.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1525&#31;reute
+u f BC-WANG-LABS-&lt;WAN>-BETTE   10-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WANG LABS &lt;WAN> BETTER NET ON INCREASED REVENUES</TITLE>
+<DATELINE>    BOSTON, Oct 19 - </DATELINE><BODY>Wang Laboratories Inc expects revenues for
+the year ending June 30, 1988, to increase 12 to 15 pct over
+fiscal 1987 to 3.2 billion dlrs, President Frederick Wang said.
+    He told a news conference after-tax profit for the year
+should increase by three to five pct.
+    Earlier Wang said first quarter revenues increased 16 to
+693 mln dlrs and profits totaled 22.5 mln dlrs, or 14 cts a
+share, vs a loss of 30 mln dlrs, or 19 cts a share, in the
+September quarter last year.
+   
+    Wang told the news conference the company's orders were
+particularly strong for the high end of its line of VS
+minicomputers.
+    "For the past six months the high end really surged" while
+the company's entry level computers dipped slightly, senior
+vice president of U.S. operations Ian Diery said.
+    For the past six months, earnings for both large and entry
+level systems in the U.S. increased by 20 pct, he said..
+    Wang said the company has seen an overall resurgance in its
+business in the U.S. He said the company's business in Europe
+"remains fairly firm."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20103" NEWID="21333">
+<DATE>19-OCT-1987 11:17:31.46</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f1520&#31;reute
+u f BC-MULTIFOODS-&lt;IMC>-FILE   10-19 0101</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MULTIFOODS &lt;IMC> FILES SUIT AGAINST BREGMAN</TITLE>
+<DATELINE>    MINNEAPOLIS, MINN., Oct 19 - </DATELINE><BODY>International Multifoods Corp
+said it filed a suit charging Bregman Partners and its
+affiliates unlawfully planned to acquire control of the
+company.
+    In a suit filed in U.S. District Court, International
+Multifoods said Bregman Partners and its affiliates, who
+reportedly hold 7.4 pct of the company's shares, tried to
+induce Multifood's management to join them in an effort to take
+the company private and give controlling interest to Bregman
+Partners. Bregman Partners include the interests of the
+Belzberg families of Canada.
+    The complaint also discloses that on each occasion,
+Multifoods management rejected the group's overtures.
+    Multifoods is asking Bregman's group to divest its shares
+in open market sales in a manner not to further disrupt the
+market place, according to the suit. The suit seeks
+compensatory and punitive damages in an amount to be
+determined.
+    In addition, Multifoods is seeking to stop Bregman Partners
+from acquiring any more stock, or voting the shares it
+reportedly owns, the suit said.
+    According to Multifoods, the actions proposed by Bregman
+Partners would prevent shareholders from realizing the full
+benefits of the company's restructuring.
+    In the past three years, Multifoods has substantially
+altered its domestic business mix by divesting its U.S.
+consumere foods operations and emphasizing growth in selected
+segments of the U.S. foodservice industry.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20102" NEWID="21334">
+<DATE>19-OCT-1987 11:16:33.44</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1516&#31;reute
+f f BC-STERLING-DRUG-I   10-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>STERLING DRUG INC 3RD QTR SHR 1.03 DLRS VS 88 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20101" NEWID="21335">
+<DATE>19-OCT-1987 11:16:16.76</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1514&#31;reute
+b f BC-SALOMON-NOT-PULLING-O   10-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SALOMON NOT PULLING OUT OF EUROYEN BONDS</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>&lt;Salomon Brothers Inc> is not withdrawing
+as a market maker in euroyen bonds, contrary to strong market
+rumours circulating in London, a London-based spokeswoman for
+the company's New York headquarters said.
+    Earlier, a spokesman for Salomon Brothers' London
+operations declined to comment at all on rumours that have been
+circulating here.
+    Euroyen bond traders had said they were informally
+contacted by their counterparts at Salomon and told that they
+would no longer be market makers in those securities.
+    The traders said that Salomon had not notified the
+Association of International Bond Dealers (AIBD) of its plans
+to withdraw as a market maker. Under new rules recently adopted
+by the AIBD, notification would be required if the firm decided
+it no longer wished to make two-way prices at all times in
+euroyen bonds.
+    According to dealers at several Japanese banks, Salomon's
+euroyen bond traders have been in a meeting and unavailable to
+make prices. Market sources said that Salomon had offered the
+traders a chance to remain with the firm if they were willing
+to trade eurobonds denominated in other currencies.
+    Dealers noted that at one point this year, euroyen bond
+issuance had actually outpaced that of eurodollar denominated
+bonds, the first time the U.S. Unit has been eclipsed as the
+currency of choice for international borrowers.
+    Dealers said that given the dollar's recent weakness, the
+yen could once again top the eurobond issuance tables.
+    Last week, Salomon Brothers announced it would trim its
+worldwide staff by 800 and withdraw from several areas of
+business, most specifically short term bank lending.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20100" NEWID="21336">
+<DATE>19-OCT-1987 11:14:59.34</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1507&#31;reute
+b f BC-AT-AND-T-&lt;T>-3RD-QTR   10-19 0054</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AT AND T &lt;T> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Shr 47 cts vs 48 cts
+    Net 505.0 mln vs 533.0 mln
+    Revs 8.47 billion vs 8.43 billion
+    Nine mths.
+    Shr 1.42 dlrs vs 1.16 dlrs
+    Net 1.55 billion vs 1.31 billlion
+    Revs 25.0 billion vs 25.56 billion
+    NOTE: Full name is American Telephone and Telegraph Co.
+    NOTE: Prior quarter and nine mth net reduced by 25 mln
+dlrs, or two cts per share, for estimated costs to reduce
+workforce and consolidate various facilities. Prior qtr and
+nine mths include pretax gain of 73 mln dlrs from damages paid
+by Republic of Iran and pretax gain of 40 mln dlrs from change
+in company's ownership in ING C. Olivetti SpA. After tax these
+gains added 68 mln dlrs, or six cts per shr, to net income.
+    Prior qtr and nine mth results were previously restated to
+reflect a change in depreciation methods that reduced net
+income by 175 mln dlrs, or 16 cts per share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20099" NEWID="21337">
+<DATE>19-OCT-1987 11:13:23.84</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1497&#31;reute
+d f BC-GORDON-JEWELRY-CORP-&lt;   10-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GORDON JEWELRY CORP &lt;GOR> 4TH QTR AUG 31 LOSS</TITLE>
+<DATELINE>    HOUSTON, Oct 19 -
+    </DATELINE><BODY>Shr loss 13 cts vs loss 20 cts
+    Net loss 1,343,266 vs loss 2,086,086
+    Revs 82.3 mln vs 80.3 mln
+    Year
+    Shr loss 1.83 dlrs vs profit 1.24 dlrs
+    Net loss 19.2 mln vs profit 13.4 mln
+    Revs 388.1 mln vs 370.3 mln
+    NOTE: 1987 year includes charge 15.0 mln dlrs pre-tax for
+inventory valuation allowance.
+    1987 year also includes charge 12.8 mln dlrs from
+discontinued operations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20098" NEWID="21338">
+<DATE>19-OCT-1987 11:12:09.72</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f1488&#31;reute
+d f BC-GM-Canada   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM CANADA TO MAKE CONTRACT OFFER TO UNION</TITLE>
+<DATELINE>    TORONTO, Oct 19 - </DATELINE><BODY>The Canadian division of General Motors
+Corp will make its first economic offer later Monday in 
+contract negotiations with 40,000 members of the Canadian Auto
+Workers, the union said.
+    The union is seeking the same contract pattern it has
+reached at the Canadian units of Ford Motor Co and Chrysler
+Corp including partial pension indexation and wage increases in
+each year of a three-year pact.
+    The union hareatened to strike at 10 a.m. EDT on
+Thursday unless General Motors of Canada Ltd meets the pattern
+and settles a host of local issues at 11 plants in Quebec and
+Ontario.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20097" NEWID="21339">
+<DATE>19-OCT-1987 11:11:56.07</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f1486&#31;reute
+r f BC-WEST-GERMANY-STILL-CO   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WEST GERMANY STILL COMMITTED TO LOUVRE ACCORD</TITLE>
+<DATELINE>    BONN, Oct 19 - </DATELINE><BODY>West German government sources said Bonn
+remained committed to the Louvre Accord to stabilise
+currencies, which was struck by leading western democracies in
+Paris last February.
+    Over the weekend, U.S. Treasury Secretary James Baker
+criticised recent rises in West German short-term interest
+rates and said such developments were not in the spirit of the
+Louvre pact. He said the agreement may have to be re-examined.
+    The sources said the West German interest rate rises had to
+be seen in the context of interest rate developments worldwide.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20096" NEWID="21340">
+<DATE>19-OCT-1987 11:11:12.80</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A RM 
+&#22;&#22;&#1;f1478&#31;reute
+h f BC-U.S.-CORPORATE-FINANC   10-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. CORPORATE FINANCE - COMPANIES ON SIDELINES</TITLE>
+<AUTHOR>    By John Picinich</AUTHOR>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>The recent sharp rise in U.S. interest
+rates sparked turmoil in the fixed-income markets, but
+underwriters said they doubt company treasurers will rush to
+borrow before rates increase further.
+    "Corporate treasurers will continue to issue new debt when
+they believe they are borrowing at an attractive rate," said an
+underwriter with a major Wall Street house.
+    Said another, "We will not see a flood of new offerings.
+Treasurers are reassessing the market. We will not see new
+issuance dry up either."
+    Still, the pace of corporate borrowing in the public
+finance market has slowed, according to a Reuter tabulation.
+    Last week, which was shortened by the Columbus Day holiday,
+saw issuance of 1.3 billion dlrs of new debt. That was down
+from the prior week's tally of slightly more than two billion
+dlrs of new debt.
+    In contrast, a year ago it was not unusual to see those
+amounts of new offerings in a single day as companies took
+advantage of the then decline in interest rates to refinance
+old, higher-cost debt or to expand operations via financings at
+low, attractive rates, underwriters noted.
+    "Companies will conduct financings that they believe are
+essential," said an underwriter with a medium-sized Wall Street
+firm. "But we will not see much more than that until the market
+stabilizes."
+    In the meantime, treasurers will probably prefer shorter
+term issues, analysts said. For instance, of last week's nine
+issues, only one had a maturity of more than 10 years.
+    The other offerings had maturities of two to seven years,
+with most clustered in the two to three year area, according to
+a Reuter tabulation. That is because single-digit interest
+rates were had last week only among two-year securities.
+    "If people think that interest rates will continue to head
+higher, then we could see treasurers rushing to market," said a
+trader with a medium-sized securities house.
+    "But if people think last week's sharp interest rate rise
+is a fluke, treasurers will sit back and wait for rates to
+decline before issuing new debt, hoping of course that they are
+not missing the boat by doing so," she added.
+    Another impediment to new issuance is the lukewarm
+reception to new issues by institutional and retail investors
+in recent weeks, traders pointed out. Many investors refrained
+from buying because they believed rate would rise further.
+    "We saw a lot of buying interest last week, but people are
+not yet willing to pull the trigger," a broker said. "They
+would rather wait and see if the recent rate increase can be
+sustained."
+    Conflicting forecasts on the likely direction of interest
+rates did not help, analysts said. For instance, Henry Kaufman,
+chief economist with Salomon Brothers Inc, said in his weekly
+"Comments on Credit" that the yields of U.S. Treasury bonds
+would probably rise further because the marketplace expects
+inflation to rise and the dollar to continue to decline.
+    In contrast, Standard and Poor's Corp said on Friday that
+prices of debt securities in the fixed-income markets would
+recover. The rating agency said neither the economy nor the
+dollar justify current high yields.
+    Meanwhile, the Chicago Board of Trade is slated to hold a
+press briefing on Tuesday in New York about its plans to list a
+futures contract based on a corporate bond index.
+    That follows last week's announcement by Commodity Exchange
+Inc, Comex, that it plans to list on October 29 a new futures
+contract based on the investment-grade corporate bond index of
+Moody's Investors Service Inc.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20095" NEWID="21341">
+<DATE>19-OCT-1987 11:10:22.22</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>canada</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f1475&#31;reute
+u f BC-GM-Canada   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GM &lt;GM> CANADA TO MAKE CONTRACT OFFER TO UNION</TITLE>
+<DATELINE>    TORONTO, Oct 19 - </DATELINE><BODY>The Canadian division of General Motors
+Corp will make its first economic offer later today in 
+contract negotiations with 40,000 members of the Canadian Auto
+Workers, the union said.
+    The union is seeking the same contract pattern it has
+reached at the Canadian units of Ford Motor Co &lt;F> and Chrysler
+Corp &lt;C>, including partial pension indexation and wage
+increases in each year of a three-year pact. The union has said
+it will strike on 1000 EDT/1400 GMT on Thursday unless General
+Motors of Canada Ltd meets the pattern and settles local issues
+at 11 plants in Quebec and Ontario.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20094" NEWID="21342">
+<DATE>19-OCT-1987 11:09:59.74</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f1473&#31;reute
+h f BC-FDIC'S-SEIDMAN-SAYS-H   10-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FDIC'S SEIDMAN SAYS HIGHER RATES COULD HARM BANKS</TITLE>
+<DATELINE>    DALLAS, Oct 19 - </DATELINE><BODY>Federal Deposit Insurance Corp Chairman
+William Seidman said he would be concerned about the impact on
+banks of a further sharp rise in interest rates.
+    However, Seidman, attending the American Bankers
+Association convention, said he did not expect rates to rise
+much higher and said the outlook for the U.S. economy and for
+banking was sound.
+    "The potential for greater interest rate rises gives us
+concern. We see nothing right now in the outlook that causes us
+to believe rates are going much higher or that the economy is
+not sound," Seidman told a news conference.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20093" NEWID="21343">
+<DATE>19-OCT-1987 11:09:28.53</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1471&#31;reute
+b f BC-/-FED-SEEN-ADDING-RES   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FED SEEN ADDING RESERVES VIA SYSTEM REPOS</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>The Federal Reserve is expected to enter
+the government securities market to supply reserves to the
+banking system via system repurchase agreements, economists
+said.
+    Most economists said the Fed would execute three-day system
+repurchases to meet a substantial need to add reserves in the
+current maintenance period, although some said a more
+aggressive add via overnight system repos was possible.
+    Federal funds opened at 7-5/8 pct and remained at that
+level late this morning, compared with an average effective
+rate of 7.55 pct Friday.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20092" NEWID="21344">
+<DATE>19-OCT-1987 11:07:51.01</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1466&#31;reute
+f f BC-MCI-COMMUNICATI   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MCI COMMUNICATIONS CORP 3RD QTR PER SHR EIGHT CTS VS SIX CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20091" NEWID="21345">
+<DATE>19-OCT-1987 11:06:52.09</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1459&#31;reute
+d f BC-INLAND-&lt;IAD>-PLANS-TO   10-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INLAND &lt;IAD> PLANS TO PROCEED WITH PLANT</TITLE>
+<DATELINE>    CHICAGO, Oct 19 - </DATELINE><BODY>Inland Steel Co said it and the USS
+Division of USX Corp &lt;X> are continuing to pursue plans for
+construction of a state-of-the-art line for continuous
+prepainting of steel coils.
+    It said the proposed line will primarily serve the
+appliance market.
+    It said a location for the new plant has yet to be
+selected.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20090" NEWID="21346">
+<DATE>19-OCT-1987 11:06:38.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1457&#31;reute
+r f BC-STANDARD-PRODUCTS-CO   10-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STANDARD PRODUCTS CO &lt;SPD> 1ST QTR SEPT 30 NET</TITLE>
+<DATELINE>    CLEVELAND, Oct 19 -
+    </DATELINE><BODY>Shr 40 cts vs 54 cts
+    Net 4,442,000 vs 6,375,000
+    Sales 102.8 mln vs 102.5 mln
+    Avg shrs 11.1 mln vs 11.6 mln
+    NOTE: Share adjusted for August 1987 five-for-four split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20089" NEWID="21347">
+<DATE>19-OCT-1987 11:05:20.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f1447&#31;reute
+u f BC-FINANCIAL-CORP-&lt;FIN>   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL CORP &lt;FIN> LOAN SALES DOWN IN QTR</TITLE>
+<DATELINE>    IRVINE, Calif., Oct 19 - </DATELINE><BODY>Financial Corp of America, in
+reporting a third quarter loss, said gains on the sale of loans
+and mortgage-backed securities, which has been the company's
+main source of profit during the past two years, fell to 12.4
+mln dlrs as compared to a 93.4 mln in the third quarter last
+year.
+    It said the income was reduced by adverse interest rate
+fluctuations during the quarter.
+    The company also said it made an additional provision of
+70.4 mln dlrs to its reserve for losses on loans and real
+estate, compared with 76.2 mln dlrs a year ago.
+    Financial Corp said its reserve totaled 1.00 billion dlrs
+at September 30, 1987, compared with a total of 580.4 mln at
+the same time a year ago.
+    Financial Corp, the nation's largest thrift, reported a
+third quarter loss of 75.8 mln dlrs, or 2.20 dlrs per share,
+compared with an 11.6 mln dlr profit last year.
+    At the end of the quarter scheduled items, or non- or
+under-performing assets, were 1.34 billion dlrs, or 4.01 pct of
+total regulatory assets, down from 1.77 billion, or 5.20 pct of
+assets at the end of the 1986 third quarter, the company said.
+    In reporting third quarter results the company also said
+its highest priority is to raise capital and strengthen its
+financial base.
+    "We are responsible to our shareholders and therefore are
+exploring several alternatives for achieving value while
+raising capital.
+    "Any proposal to acquire or restructure the company will be
+viewed by management from this perspective," Financial Corp
+chairman William Popejoy said in a statement.
+    Last month Financial Corp executives and Federal Home Loan
+Bank Board members met to discuss a restructuring of FCA, with
+help from the Federal Savings and Loan Insurance Corp, as a
+possible solution to the company's financial difficulties.
+    In addition, Ford Motor Co's &lt;F> First Nationwide Financial
+Corp, has acknowledged that it is interested in acquiring the
+company.
+    Financial Corp has said it needs about one billion dlrs to
+bring its regulatory net worth up to Federal Government
+requirements.
+    In  addition, Financial Corp said its real estate group
+sold properties totaling 154.8 mln dlrs in book value before
+reserves during the quarter and 435.5 mln dlrs of real estate
+for the nine months to September 30.
+    The company also said it had a net deposit decrease of
+415.4 mln dlrs during the quarter, resulting mainly from
+institutional deposits reacting to the company's pricing
+strategy and to its efforts to manage the cost of funds.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20088" NEWID="21348">
+<DATE>19-OCT-1987 11:04:10.38</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1442&#31;reute
+r f BC-RORER-&lt;ROR>-UNIT-CLOT   10-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RORER &lt;ROR> UNIT CLOTTING DRUG APPROVED</TITLE>
+<DATELINE>    BLUE BELL, Pa., Oct 19 - </DATELINE><BODY>Rorer Group Inc's Armour
+Pharmaceutical Co said it received Food and Drug Administration
+approval for a blood clotting drug for hemophiliacs.
+    The company said the drug, monoclate antihemophilic factor,
+will treat hemophilia A, the most common form of hereditary
+blood clotting disorder.
+    Monoclate is 99 pct free of unwanted contaminants, compared
+to other blood products which are less than one pct pure,
+Armour said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20087" NEWID="21349">
+<DATE>19-OCT-1987 11:02:58.81</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1433&#31;reute
+f f BC-AMERICAN-TELEPH   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN TELEPHONE AND TELEGRAPH CO 3RD QTR SHR 47 CTS VS 48 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20086" NEWID="21350">
+<DATE>19-OCT-1987 11:02:54.96</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1432&#31;reute
+r f BC-BANKEAST-CORP-&lt;BENH.O   10-19 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKEAST CORP &lt;BENH.O> 3RD QTR NET</TITLE>
+<DATELINE>    MANCHESTER, N.H., Oct 19 -
+    </DATELINE><BODY>Shr 17 cts vs 37 cts
+    Net 1,783,000 vs 4,028,000
+    Nine mths
+    Shr 52 cts vs 1.03 dlrs
+    Net 5,587,000 vs 11.1 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20085" NEWID="21351">
+<DATE>19-OCT-1987 11:02:16.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f1428&#31;reute
+f f BC-LONDON'S-FTSE-100-SHA   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LONDON'S FTSE 100 SHARE INDEX DROPS RECORD 301.5 POINTS TO 2000.4 at 1457 GMT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20084" NEWID="21352">
+<DATE>19-OCT-1987 11:02:01.99</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1427&#31;reute
+d f BC-DALLAS-CORP-&lt;DLS>-3RD   10-19 0040</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DALLAS CORP &lt;DLS> 3RD QTR NET</TITLE>
+<DATELINE>    DALLAS, OCt 19 -
+    </DATELINE><BODY>Shr 30 cts vs 12 cts
+    Net 2,191,000 vs 852,000
+    Sales 106.6 mln vs 102.9 mln
+    Nine mths
+    Shr 44 cts vs 40 cts
+    Net 3,236,000 vs 2,919,000
+    Sales 297.9 mln vs 297.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20083" NEWID="21353">
+<DATE>19-OCT-1987 11:01:33.48</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f1424&#31;reute
+f f BC-SALOMON-BROS-SAYS-IT   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SALOMON BROS SAYS IT IS NOT WITHDRAWING FROM EUROYEN BOND MARKET
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20082" NEWID="21354">
+<DATE>19-OCT-1987 11:00:49.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F E 
+&#22;&#22;&#1;f1418&#31;reute
+u f BC-ANCHOR-GLASS-CONTAINE   10-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANCHOR GLASS CONTAINER CORP &lt;ANC> 3RD QTR NET</TITLE>
+<DATELINE>    TAMPA, Fla., Oct 19 -
+    </DATELINE><BODY>Shr 34 cts vs 62 cts
+    Net 4,717,000 vs 8,277,000
+    Revs 213.4 mln vs 158.7 mln
+    Nine mths
+    Oper shr 1.18 dlrs vs 1.54 dlrs
+    Oper net 16.2 mln vs 17.8 mln
+    Revs 517.2 mln vs 451.4 mln
+    Avg shrs 13.7 mln vs 11.6 mln
+    NOTE: 1986 nine mths net exclude204,000 dlr gain from
+reversion of pension assets. 1987 net both periods includes
+pretax charge 692,000 dlrs from amortization of goodwill.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20081" NEWID="21355">
+<DATE>19-OCT-1987 11:00:19.74</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1413&#31;reute
+f f BC-SALOMON-BROS-SAYS-IT   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SALOMON BROS SAYS IT IS NOT RPT NOT WITHDRAWING FROM EUROYEN BOND MARKET
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20080" NEWID="21356">
+<DATE>19-OCT-1987 10:59:38.40</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1411&#31;reute
+b f BC-MIDDLE-SOUTH-UTILITIE   10-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MIDDLE SOUTH UTILITIES INC &lt;MSU> 3RD QTR NET</TITLE>
+<DATELINE>    NEW ORLEANS, Oct 19 -
+    </DATELINE><BODY>Shr 90 cts vs 84 cts
+    Net 185.5 mln vs 171.5 mln
+    Revs 1.08 billion vs 1.07 billion
+    Nine mths
+    Shr 1.85 dlrs vs 1.90 dlrs
+    Net 378.9 mln vs 389.5 mln
+    Revs 2.67 billion vs 2.69 billion
+    12 mths
+    Shr 2.15 dlrs vs 1.87 dlrs
+    Net 440.7 mln vs 382.0 mln
+    Revs 3.47 billion vs 3.47 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20079" NEWID="21357">
+<DATE>19-OCT-1987 10:58:31.75</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1408&#31;reute
+r f BC-CALMAT   10-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDUSTRIAL EQUITY TO MAKE PROPOSAL TO CALMAT&lt;CZM></TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Industrial Equity (Pacific) Ltd, a
+Hong Kong-based investment firm leading a group holding 19.1
+pct of Calmat Co's common stock, said it intends to submit to
+Calmat a proposal for a possible business combination.
+    In a filing with the Securities and Exchange Commission,
+Industrial Equity (Pacific) did not disclose details of the
+proposal, but said it would be delivered to Calmat in the near
+future.
+    Industrial Equity (Pacific) "does not intend to remain a
+passive investor" in Calmat, the firm told the SEC.
+    In its SEC filing, Industrial Equity (Pacific) said its
+president of North American operations Ronald Langley met with
+Calmat officials on October 14 to discuss an acquisition of the
+company at a premium over the market price of Calmat stock.
+    Industrial Equity (Pacific) added it is considering
+launching a tender offer for Calmat stock or making a merger
+proposal to the company, but said it has not decided whether it
+will pursue a Calmat acquisition on a non-negotiated basis.
+    Industrial Equity (Pacific), which currently holds 5.83 mln
+Calmat common shares, said it is also evaluating the company's
+recently adopted shareholder rights plan and its potential
+effect on Calmat and on possible acquisition proposals made to
+the company.
+    Between October 2 and 14, Industrial Equity (Pacific)
+bought 918,900 shares of Calmat common stock at 33 dlrs to
+37.55 dlrs a share, or a total of about 33.8 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20078" NEWID="21358">
+<DATE>19-OCT-1987 10:57:38.91</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f1406&#31;reute
+d f BC-OREGON-STEEL-BUYS-KAI   10-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OREGON STEEL BUYS KAISER'S NAPA VALLEY PLANT</TITLE>
+<DATELINE>    PORTLAND, Ore., Oct 19 - </DATELINE><BODY>Kaiser Steel Corp's plant in Napa,
+Calif, has been purchased by Oregon Steel Mills for 16 mln
+dlrs, the privately owned Portland company said.
+    The transaction was approved by the U.S. bankruptcy judge
+in Denver who is hearing Kaiser Steel's Chapter 11
+reorganization case.
+    James Mccaughey, former vice president of sales for Kaiser,
+has been named general manager for the plant, which will be
+called Napa Pipe Corp, Oregon Steel said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20077" NEWID="21359">
+<DATE>19-OCT-1987 10:57:04.52</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1404&#31;reute
+u f BC-UNISYS-CORP-&lt;UIS>-3RD   10-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UNISYS CORP &lt;UIS> 3RD QTR NET</TITLE>
+<DATELINE>    BLUE BELL, Pa., Oct 19 -
+    </DATELINE><BODY>Shr primary 68 cts vs 34 cts
+    Shr diluted 65 cts vs 34 cts
+    Net 129.7 mln vs 52.9 mln
+    Revs 2.22 billlion vs 2.42 billion
+    Avg shrs primary 152.1 mln vs 147.1 mln
+    Avg shrs diluted 199.8 mln vs 147.1 mln
+    Nine mths
+    Shr primary 1.89 dlrs vs 1.00 dlrs
+    Shr diluted 1.84 dlrs vs 1.00 dlrs
+    Net 361.1 mln vs 145.1 mln
+   
+    Revs 6.91 billion vs 4.90 billion
+    Avg shrs primary 151.0 mln vs 146.4 mln
+    Avg shrs diluted 198.7 mln vs 146.4 mln
+    NOTE: Earnings per share for 1986 have been restated to
+reflect 3-for-1 split effective July 8, 1987.
+    Results for three and nine mths 1986 includes results from
+July 1, 1986, of Sperry Corp, acquired on Sept 16, 1986, with
+net income reflecting ownership in Sperry of about 51 pct for
+the months of July and August, and 100 pct for the month of
+Sept 1986.
+   
+    Revenue for 1986 periods reflects reclassification of
+revenue of divested Sperry operations to other income with no
+effect on net income.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20076" NEWID="21360">
+<DATE>19-OCT-1987 10:55:34.73</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1398&#31;reute
+d f BC-WOBURN-FIVE-CENTS-SAV   10-19 0049</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOBURN FIVE CENTS SAVINGS &lt;WOBS.O> 1ST QTR NET</TITLE>
+<DATELINE>    WOBURN, Mass., Oct 19 -
+    </DATELINE><BODY>Shr 24 cts vs 26 cts
+    Net 959,000 vs 1,033,000
+    Assets 273.6 mln vs 236.3 mln
+    Deposits 183.6 mln vs 173.9 mln
+    Loans 133.3 mln vs 104.9 mln
+    NOTE: Full name of company is Woburn Five Cents Savings
+Bank.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20075" NEWID="21361">
+<DATE>19-OCT-1987 10:55:28.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1397&#31;reute
+s f BC-GOTAAS-LARSEN-SHIPPIN   10-19 0023</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GOTAAS-LARSEN SHIPPING CORP &lt;GOTLF.O> IN PAYOUT</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Semi div 12 cts vs 12 cts prior
+    Pay Nov 10
+    Record Oct 27
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20074" NEWID="21362">
+<DATE>19-OCT-1987 10:54:45.17</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1394&#31;reute
+d f BC-FIRST-FEDERAL-SAVINGS   10-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FIRST FEDERAL SAVINGS &lt;FCHT.O> 1ST QTR NET</TITLE>
+<DATELINE>    CHATTANOOGA, Tenn., Oct 19 -
+    </DATELINE><BODY>Shr 59 cts
+    Qtly div eight cts vs eight cts prior
+    Net 1,675,000 vs 1,302,000
+    Assets 613.3 mln vs 603.5 mln
+    Deposits 523.7 mln vs 517.8 mln
+    Loans 469.2 mln vs 449.5 mln
+    NOTE: 1986 per share figures not available because bank
+converted to stock ownership Dec 18, 1986. Dividend payable Dec
+11 to shareholders of record Nov 13. Full name of company is
+First Federal Savings and Loan Association of Chattanooga.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20073" NEWID="21363">
+<DATE>19-OCT-1987 10:54:23.33</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y F 
+&#22;&#22;&#1;f1390&#31;reute
+r f BC-COASTAL-&lt;CGP>-RAISES   10-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COASTAL &lt;CGP> RAISES OIL POSTED PRICES</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Coastal Corp said that effective October
+16 it had raised posted prices for crude oil by 50 cts a
+barrel.
+    The increase brings West Texas Intermediate to 9.00 dlrs a
+barrel and West Texas Sour to 18.10 dlrs a barrel.
+    Sun Co &lt;SUN> announced that it would make a 50 cts a barrel
+increase late Friday bringing WTI to 19.00 dlrs a barrel and
+traders said that other oil companies could be expected to
+increase prices.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20072" NEWID="21364">
+<DATE>19-OCT-1987 10:54:17.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A 
+&#22;&#22;&#1;f1389&#31;reute
+f f BC-SALOMON-BROTHERS-INT'   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SALOMON BROTHERS INT'L PULLS OUT OF EUROYEN BOND MARKET - DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20071" NEWID="21365">
+<DATE>19-OCT-1987 10:52:59.42</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1384&#31;reute
+f f BC-SALOMON-BROTHERS-INT'   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SALOMON BROTHERS INT'L PULLS OUT OF EUROYEN BOND MARKET - DEALERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20070" NEWID="21366">
+<DATE>19-OCT-1987 10:52:47.28</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1382&#31;reute
+f f BC-DOW-JONES-INDUS   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW JONES INDUSTRIAL AVERAGE FALLS 200 POINTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20069" NEWID="21367">
+<DATE>19-OCT-1987 10:52:24.24</DATE>
+<TOPICS><D>livestock</D><D>carcass</D><D>hog</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;L 
+&#22;&#22;&#1;f1379&#31;reute
+r f BC-STUDY-SAYS-PORK-LEANE   10-19 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STUDY SAYS PORK LEANER THAN USDA FIGURES SHOW</TITLE>
+<DATELINE>    Chicago, Oct 19 - </DATELINE><BODY>An Iowa State University study showed
+pork contains considerably less fat than indicated by
+long-established U.S. Department of Agriculture statistics, the
+National Pork Producers Council (NPPC) said.
+    Six of the seven muscle cuts evaluated in the study
+averaged 4.3 pct fat or less, well below American Heart
+Association guidelines for recommended foods. Eighty pct of all
+the raw boneless rib chops evaluated in the study contained
+less than six pct fat, the NPPC said.
+    Meanwhile, USDA Handbook 8-10 - long used as the
+established authority on nutrient composition, indicates a fat
+content for center loin pork of 7.3 pct, the NPPC said.
+    Robin Kline, a dietitian and Director of Consumer Affairs
+for the NPPC said he was not surprised at the wide discrepancy
+between the study and the USDA handbook.
+    "Handbook 8-10 is based to a certain extent on information
+that has been accumulated over the past 30 years. The
+statistics in it about pork do not reflect the hog of today
+which is about 50 pct leaner than it was 20 or 30 years ago,
+thanks to genetic improvements and better feeding practices,"
+Kline said.
+    The study, funded by NPPC with producer checkoff money,
+evaluated pork carcasses from 47 Iowa producers in categories
+from 0.7 to 1.3 inches of backfat. Researchers measured the fat
+content of the seven muscles before cooking, and the fat,
+moisture and tenderness of cooked boneless rib chops.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20068" NEWID="21368">
+<DATE>19-OCT-1987 10:50:46.56</DATE>
+<TOPICS><D>ipi</D><D>gnp</D><D>grain</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T M 
+&#22;&#22;&#1;f1372&#31;reute
+d f BC-SOVIETS-OUTLINE-1988   10-19 0131</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIETS OUTLINE 1988 ECONOMIC TARGETS</TITLE>
+<AUTHOR>    By Tony Barber</AUTHOR>
+<DATELINE>    MOSCOW, Oct 19 - </DATELINE><BODY>The Soviet Union outlined its economic
+targets for 1988 on Monday, stressing the need to improve
+standards in the country's sluggish engineering industry.
+    Planning chief Nikolai Talyzin told the Supreme Soviet
+industrial output should rise by 4.5 pct in 1988, up from a
+planned 4.4 pct in 1987. It rose 3.6 pct in Jan-Sept 1987.
+    Talyzin said national income, the nearest Soviet equivalent
+to gross national product, should rise by 4.3 pct against a
+planned 4.1 pct this year. Gross national product measures the
+output of a country's goods and services.
+    He said the Kremlin planned to produce 235 mln tonnes of
+grain in 1988 versus a planned 232 mln this year. Moscow
+produced 210 mln tonnes in 1986.
+    Kremlin leader Mikhail Gorbachev has described
+machine-builing as a sector whose rapid modernization is
+essential if the Soviet Union is to compete effectively on
+world markets.
+    "Certain difficulties have arisen this year in the
+machine-building industry. The economy is not receiving a
+considerable amount of the equipment that it requires," said
+Talyzin, who heads the state planning committee GOSPLAN.
+    Soviet data show the machine-building industry, which makes
+machine tools, instruments and other engineering goods,
+increased output by 3.3 pct in the first nine months of 1987
+compared with the same period last year.
+    However, this was far below the 7.3 pct increase planned
+for the industry for the whole of 1988.
+    Talyzin said the ruling Politburo had concluded at a recent
+meeting that an improvement in economic performance depended to
+a large extent on conserving resources better. "Large-scale
+measures are planned to save resources," he said.
+    Finance Minister Boris Gostev told the Supreme Soviet that
+defense spending in 1988 would total 32 billion dlrs, the same
+figure as was announced last year.
+    Western governments view official Soviet estimates for
+defense spending as highly understated, but say the real figure
+is hard to calculate because Soviet military industries are
+intertwined with the civilian economy.
+    Talyzin said the Kremlin also decided to increase spending
+next year on medical services, education, pensions and social
+insurance schemes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20067" NEWID="21369">
+<DATE>19-OCT-1987 10:50:27.55</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D><D>ussr</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f1371&#31;reute
+u f BC-TASS-DENOUNCES-U.S.-A   10-19 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TASS DENOUNCES U.S. ATTACK ON IRAN AS ADVENTURISM</TITLE>
+<DATELINE>    MOSCOW, Oct 19 - </DATELINE><BODY>The official Soviet news agency Tass
+denounced a U.S. Attack on an Iranian oil-drilling platform in
+the Gulf on Monday as military adventurism and said it would
+bring no dividends to the Reagan administration.
+    Tass commentator Mikhail Krutikhin said the administration
+had embarked on an adventurist path in order to deflect
+attention from the scandal in which the United States sold arms
+to Iran and the profits were diverted to Nicaraguan rebels.
+    "The confrontation is a fact now. What is obvious is that
+the latest military adventure will not bring political
+dividends to the American administration," Krutikhin said.
+    Soviet leader Mikhail Gorbachev and Foreign Minister Eduard
+Shevardnadze abruptly left a parliamentary session earlier on
+Monday, sparking diplomatic speculation that they were
+concerned with an urgent matter of foreign affairs.
+    Soviet officials have previously criticized the United
+States for sending naval forces into the Gulf, saying their
+presence serves to increase tension.
+    Moscow is officially neutral in the war between Iran and
+Iraq. It is a major arms supplier to Iraq but has also sought
+broader contacts with Iran in the last year.
+    Krutikhin said: "The United States has undertaken an act of
+armed aggression against Iran, the probability of which has
+long been spoken of by Washington officials."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20066" NEWID="21370">
+<DATE>19-OCT-1987 10:49:52.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>kuwait</D><D>saudi-arabia</D><D>egypt</D><D>morocco</D><D>iraq</D><D>qatar</D><D>bahrain</D></PLACES>
+<PEOPLE><D>herrington</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f1369&#31;reute
+u f BC-U.S.-ENERGY-SECRETARY   10-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. ENERGY SECRETARY IN MOROCCO AFTER GULF TOUR</TITLE>
+<DATELINE>    RABAT, Oct 19 - </DATELINE><BODY>U.S. Energy Secretary John Herrington
+arrived in Rabat on Monday after a tour of the Gulf and the
+Middle East.
+    Herrington, who is scheduled to meet King Hassan during his
+24-hour official visit, said on arrival he would discuss
+regional and international issues with Moroccan leaders.
+    Morocco is the last stop of a tour that has taken
+Herrington to Iraq, Kuwait, Qatar, Bahrain, Saudi Arabia and
+Egypt.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20065" NEWID="21371">
+<DATE>19-OCT-1987 10:48:27.92</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1363&#31;reute
+h f BC-WORLD-TELECOMS-WATCHD   10-19 0121</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WORLD TELECOMS WATCHDOG RELAXES CAR PHONE RULES</TITLE>
+<DATELINE>    GENEVA, Oct 19 - </DATELINE><BODY>The International Telecommunications
+Union, which regulates communications worldwide, decided at the
+end of a five-week conference to allow mobile phone systems to
+be linked with satellites, telecommunications officials said.
+    Until now, car phones have been linked with land stations
+and have been limited mainly to urban areas. The new ruling
+will make it easier for calls to be made from remote regions.
+    The meeting, which finished over the weekend, also decided
+to allow a "radio determination satellite system," which would
+enable fleet owners to trace to within about 15 metres the
+movements of their lorries or cars or ships around the world.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20064" NEWID="21372">
+<DATE>19-OCT-1987 10:46:54.22</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1354&#31;reute
+d f BC-INTERNATIONAL-RESEARC   10-19 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTERNATIONAL RESEARCH &lt;IRDV.O> 3RD QTR PAYOUT</TITLE>
+<DATELINE>    MATTAWAN, Mich., Oct 19 -
+    </DATELINE><BODY>Qtly div nine cts vs nine cts prior qtr
+    Pay Nov 25
+    Record Nov 13
+    Note: Full name is International Research and Development
+Corp
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20063" NEWID="21373">
+<DATE>19-OCT-1987 10:46:30.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1353&#31;reute
+u f BC-ROHM-AND-HAAS-CO-&lt;ROH   10-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ROHM AND HAAS CO &lt;ROH> 3RD QTR NET</TITLE>
+<DATELINE>    PHILADELPHIA, Oct 19 -
+    </DATELINE><BODY>Shr 57 cts vs 54 cts
+    Net 39.3 mln vs 37.3 mln
+    Sales 540.9 mln vs 488.5 mln
+    Nine mths
+    Shr 2.30 dlrs vs 1.58 dlrs
+    Net 158.8 mln vs 108.7 mln
+    Sales 1.67 billion vs 1.60 billion
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20062" NEWID="21374">
+<DATE>19-OCT-1987 10:46:04.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1349&#31;reute
+u f BC-GEORGIA-GULF-&lt;GGLF.O>   10-19 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEORGIA GULF &lt;GGLF.O> TO TAKE REDEMPTION CHARGE</TITLE>
+<DATELINE>    ATLANTA, Oct 19 - </DATELINE><BODY>Georgia Gulf Corp said on December One it
+plans to retire all 50 mln dlrs of its subordinated notes due
+through 1998, resulting in a charge of about 9,900,000 dlrs
+against fourth quarter results.
+    The company also said its common stock, which now traded on
+the NASDAQ system, has been approved for New York Stock
+Exchange listing, and NYSE trading is to start November Two.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20061" NEWID="21375">
+<DATE>19-OCT-1987 10:44:53.04</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1345&#31;reute
+f f BC-CALMAT   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>INDUSTRIAL EQUITY TELLS SEC IT WILL SEND CALMAT PROPOSAL FOR BUSINESS COMBINATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20060" NEWID="21376">
+<DATE>19-OCT-1987 10:44:48.48</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1344&#31;reute
+u f BC-IDC-SERVICES-&lt;IDCS.O>   10-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IDC SERVICES &lt;IDCS.O> HOLDERS OFFERED 16 DLRS</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>IDC Services Inc said a new company will
+begin a cash tender offer by October 26 to acquire all of IDC's
+outstanding common for 16 dlrs a share.
+    The company said the offer is being made under a definitive
+agreement reached with the new company, IDC Acquisition Corp,
+formed by Apollo Partners Ltd and investment clients of
+&lt;Equitable Capital Management Inc>. The agreement calls for the
+acquisition of IDC for about 62.4 mln dlrs.
+    IDC Acquisition will also tender for all of IDC's
+outstanding nine pct convertible subordinated debentures.
+   
+    IDC said the merger agreement also provides for payment of
+an equivalent amount in respect of employee stock options to be
+cancelled in the merger.
+    As part of the transaction, the company said, it granted
+IDC Acquisition an option to acquire up to 20 pct of the
+company's outstanding shares for 16 dlrs per share.
+    It said the planned tender offer is subject to several
+conditions, including the tendering of over 50 pct of the
+company's outstanding stock.
+   
+    MIM Holdings Ltd &lt;MIMA.S>, a substantial shareholder in
+IDC, has agreed it will not buy any additional IDC shares until
+February seven and has granted IDC Acquisition a right of first
+refusal on any IDC shares it sells during that period, the
+company said.
+    It said Apollo Partners was recently organized by three
+former senior Viacom Inc &lt;VIA> executives, Terrence A. Elkes,
+George C. Catell and Kenneth F. Gorman.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20059" NEWID="21377">
+<DATE>19-OCT-1987 10:43:13.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1338&#31;reute
+f f BC-INTERNATIONAL-M   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>INTERNATIONAL MULTIFOODS SAID IT FILED SUIT AGAINST BREGMAN PARTNERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20058" NEWID="21378">
+<DATE>19-OCT-1987 10:42:46.46</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1335&#31;reute
+u f BC-MONSANTO-CO-&lt;MTC>-3RD   10-19 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MONSANTO CO &lt;MTC> 3RD QTR NET</TITLE>
+<DATELINE>    ST. LOUIS, Oct. 19 -
+    </DATELINE><BODY>Shr 1.30 dlrs vs 1.85 dlrs
+    Net 100,000,000 vs 144,000,000
+    Sales 1.90 billion vs 1.69 billion
+    Nine mths
+    Shr 5.01 dlrs vs 5.27 dlrs
+    Net 392,000,000 vs 410,000,000
+    Sales 5.79 billion vs 5.31 billion
+    Note: 1986 figures include 63 mln dlrs, or 81 cts a share,
+of net gains from facilities and businesses sold, shut down or
+impaired, and other non-recurring income and expenses
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20057" NEWID="21379">
+<DATE>19-OCT-1987 10:40:34.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F A RM 
+&#22;&#22;&#1;f1323&#31;reute
+r f BC-CALFED-&lt;CAL>-POSTS-RE   10-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALFED &lt;CAL> POSTS RECORD THIRD QUARTER RESULTS</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 - </DATELINE><BODY>CalFed Inc said strong loan volume
+and higher net increase income at its principal subsidiary,
+the California Federal Savings and Loan Association,
+contributed to the best third-quarter and nine-month results in
+the company's history.
+    On a per-share basis, CalFed's fully diluted earnings were
+1.80 dlrs for the third quarter of 1987 and 4.87 dlrs for the
+nine months ended Sept 30, 1987, compared with 1.75 dlrs and
+4.76 dlrs in the comparable 1986 period.
+    CalFed is a 23.1 bln dlr diversified financial-services
+company.
+    "Key factors leading to the company's higher earnings were
+continued strong loan volume, an increase in net interest
+income and higher earnings from non-real estate sources," said
+George Rutland, president and chief executive officer of the
+firm of CalFed Inc.
+    Net earnings in the third quarter of 1987 were 50 mln dlrs,
+a 3.1 pct gain over 48.5 mln in the same period last year. They
+increased 3.9 pct in the first nine months of this year
+compared with last year, totalling 134.6 mln dlrs against 129.6
+mln.
+    California Federal Savings and Loan Association contributed
+net earnings of 44.5 mln dlrs for the third quarter of 1987
+compared with 43.4 mln for the third quarter of 1986. For the
+nine-month period ended Sept 30, it had net earnings of 116.3
+mln dlrs against 114.9 mln in the comparable 1986 period.
+    California Federal's net interest income for the third
+quarter of 1987 rose 18.1 pct to 131.6 mln dlrs, up from 111.4
+mln for the third quarter of 1986. For the first nine months of
+1987, it totalled 383 mln dlrs, a 13.9 pct increase over 336.2
+mln in the comparable 1986 period.
+    CalFed Inc said that the increase in its subsidiary's net
+interest income was a result of higher average balances of
+interest-earning assets for the savings and loan operations.
+    CalFed said the savings and loan unit's loan originations
+were unchanged in the third quarter of 1987 compared with last
+year at 1.8 billion dlrs. But for the first nine months of
+1987, they rose to 5.4 billion dlrs from 4.9 billion in 1996.
+    California Federal's provision for loan losses rose to 19.4
+mln dlrs in the 1987 third quarter compared with 15.5 mln last
+year and to 63.3 mln for first the nine months of 1987 compared
+with 30.6 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20056" NEWID="21380">
+<DATE>19-OCT-1987 10:40:19.26</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f1321&#31;reute
+b f BC-COASTAL-SAID-RA   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>COASTAL SAID RAISED OIL POSTINGS 50 CTS A BARREL OCTOBER 16. WTI NOW 19.00 DLRS.
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20055" NEWID="21381">
+<DATE>19-OCT-1987 10:40:16.88</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM F A 
+&#22;&#22;&#1;f1320&#31;reute
+r f BC-BANK-PURCHASE-SLOWS-S   10-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK PURCHASE SLOWS SECURITY PACIFIC &lt;SPC> NET</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 - </DATELINE><BODY>Security Pacific Corp &lt;SPC> said
+growth in its third-quarter earnings was slowed by the purchase
+of Rainier Bancorp and the suspension of interest payments on
+Brazilian and Ecuadorian loans that were placed on a
+non-accrual status earlier this year.
+    The bank said it earned 128.1 mln dlrs in the third
+quarter, up from 118.3 mln a year earlier. On a per-share
+basis, income was 1.16 dlrs a share, up from 1.09 dlrs.
+    The bank said non-recurring costs of 10.1 mln dlrs
+associated with the acquisition of Rainier, a 9.5-billion-dlr
+Seattle-based concern, cut earnings per share by nine cents.
+    Security Pacific also said the suspension of interest
+payments on the Brazilian and Ecuadorian debt reduced net
+income by 8.1 mln dlrs, or seven cents a share.
+    Security Pacific completed its acquisition of Rainier on
+August 31. Security Pacific's results have been restated to
+reflect the "pooling-of-interests" acquisition.
+    "Our third-quarter performance was strong, clearly
+demonstrating the stability and balance in our earnings
+streams," said Richard Flamson, chairman and chief executive
+officer. "The addition of Rainier," he continued, "adds very
+significantly to the strength of our western banking network."
+    The inclusion of Orbanco and Arizona Bancwest earnings
+affected comparison of most financial categories.
+    Fully-taxable equivalent net interest income was 602.4 mln
+dlrs, up from 538.6 mln. The suspension of interest payments on
+Brazilizan and Ecuadorian debt reduced net interest income by
+41.9 mln dlrs.
+    Non-interest income rose to 471.6 mln dlrs from 412.1 mln.
+    Third-quarter provision for credit losses was 89.6 mln
+dlrs, down 17.9 mln dlrs. As a percentage of average loans and
+lease financing, net credit losses were 0.68 pct, down from
+0.79 pct a year earlier.
+    Non-performing loans and leases were 2.038 billion dlrs at
+the end of the quarter, or 3.96 pct of loans and leases, up
+from 1.377 billion a year ago.
+    Other non-interest expense, composed of staff and other
+expenses, was 757.6 mln dlrs, up from 616.2 mln. The rise
+included an increase in staff expenses to 379.7 mln dlrs from
+313.0 mln dlrs.
+    Excluding Orbanco and Arizona Bancwest, average loans grew
+11 pct. Real estate and international loan growth had the
+greatest rises of 16 pct and 15 pct, respectively.
+    Shareholders equity was 3.486 billion dlrs at the end of
+the third quarter, up from 3.381 billion.
+    The primary capital ratio was 7.41 pct, based on period-end
+capital and quarterly average assets, up from 7.01 pct a year
+earlier.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20054" NEWID="21382">
+<DATE>19-OCT-1987 10:39:52.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1318&#31;reute
+u f BC-IC-INDUSTRIES-&lt;ICX>-M   10-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IC INDUSTRIES &lt;ICX> MAY SELL AEROSPACE UNIT</TITLE>
+<DATELINE>    CHICAGO, Oct 19 - </DATELINE><BODY>IC Industries Inc said its board approved
+a second major step in the reorganization and restructuring of
+the company.
+    To implement the plan of sharpening its strategic focus on
+consumer goods and services, the company will give serious
+consideration to the sale of its Pneumo Abex, its aerospace and
+defense company, if it can realize a price which will return
+maximum value to shareholders.
+    In 1986, Pneumo Abex had operating income of 118.1 mln dlrs
+on sales of 900.5 mln dlrs.
+    IC said it will use the proceeds of any asset sale to
+invest in new high-return businesses in the consumer goods and
+services field.
+    The company said it authorized a program to repurchase
+between 500 mln dlrs and 1.0 billion dlrs of IC's common stock
+from time to time when conditions warrant.
+    It also said it will begin an immediate cost-reduction
+program to cust annual operating expenses by 50 mln dlrs.
+    An IC spokesman said the cost-reduction program involved
+"across-the-board" cuts rather than specific about targeted
+areas.
+    IC's board earlier approved a plan to spin off the
+company's Illinois Central Gulf Railroad to shareholders. The
+company's other major subsidiaries are Pet Inc, Pepsi-Cola
+General Bottlers, Midas International Corp and Hussmann Corp.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20053" NEWID="21383">
+<DATE>19-OCT-1987 10:39:19.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1316&#31;reute
+f f BC-MIDDLE-SOUTH-UT   10-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MIDDLE SOUTH UTILITIES INC 3RD QTR SHR 90 CTS VS 84 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20052" NEWID="21384">
+<DATE>19-OCT-1987 10:38:58.29</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f1313&#31;reute
+f f BC-DOW-STOCK-MARKE   10-19 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>DOW STOCK MARKET DROPS OVER 100 POINTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20051" NEWID="21385">
+<DATE>19-OCT-1987 10:38:48.10</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1312&#31;reute
+r f BC-GEORGIA-GULF-CORP-&lt;GG   10-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GEORGIA GULF CORP &lt;GGLF.O> 3RD QTR NET</TITLE>
+<DATELINE>    ATLANTA, Oct 19 -
+    </DATELINE><BODY>Shr 1.92 dlrs vs 58 cts
+    Net 27.9 mln vs 9,480,000
+    Sales 176.4 mln vs 137.9 mln
+    Nine mths
+    Shr 3.87 dlrs vs 1.69 dlrs
+    Net 56.7 mln vs 27.6 mln
+    Sales 505.6 mln vs 438.5 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20050" NEWID="21386">
+<DATE>19-OCT-1987 10:37:33.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1306&#31;reute
+u f BC-FINANCIAL-CORP-OF-AME   10-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINANCIAL CORP OF AMERICA &lt;FIN> 3RD QTR LOSS</TITLE>
+<DATELINE>    IRVINE, Calif., Oct 19 -
+    </DATELINE><BODY>Shr loss 2.20 dlrs vs profit 24 cts
+    Net loss 75.8 mln vs profit 11.6 mln
+    Avg shrs primary 35.9 mln vs 36.5 mln
+    Avg shrs diluted 39.3 mln vs 39.9 mln
+    Nine mths
+    Shr primary loss 7.04 dlrs vs profit 1.69 dlrs
+    Shr diluted loss 7.04 dlrs vs profit 1.64 dlrs
+    Avg shrs primary 35.9 mln vs 37.2 mln
+    Avg shrs diluted 39.3 mln vs 46.6 mln
+   
+    Net loss 243.4 mln vs profit 72.2 mln
+    Assets 33.4 billion vs 34.1 billion
+    Loans 10.8 billion vs 12.0 billion
+    Deposits 16.9 billion vs 17.0 billion
+    NOTE: Net includes FSLIC sepcial assessment loss of
+5,429,000 vs 5,193,000 in qtr 1987 vs 1986, and 16.3 mln vs
+16.0 mln in nine mths 1987 vs 1986.
+    Net includes gain from sale of mortgage-backed securities
+and loans of 12.4 mln vs 93.4 mln, and 139.7 mln vs 264.0 mln
+in nine mths 1987 vs 1986.
+   
+    Net includes gain from sale of investments of 64,000 in qtr
+1987, and 157,000 vs 1,231,000 in nine mths 1987 vs 1986.
+    Net includes provision for losses and discounts of 70.4 mln
+vs 76.2 mln in qtr 1987 vs 1986, and 315.7 mln vs 161.7 mln in
+nine mths 1987 vs 1986.
+    Nine mths 1987 included write off of FSLIC secondary
+reserve of 22.7 mln.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20049" NEWID="21387">
+<DATE>19-OCT-1987 10:36:44.23</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1303&#31;reute
+u f BC-ARNOX-&lt;ARNX.O>-STILL   10-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ARNOX &lt;ARNX.O> STILL IN MERGER TALKS WITH TXL</TITLE>
+<DATELINE>    GREENWICH, Conn., Oct 19 - </DATELINE><BODY>Arnox Corp said a special
+committee of its board is continuing talks with &lt;TXL Corp> on
+the terms of TXL's offer to acquire Arnox at 10 dlrs per share.
+    It said TXL has arranged preliminary financing.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20048" NEWID="21388">
+<DATE>19-OCT-1987 10:36:18.85</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1300&#31;reute
+u f BC-/J.P.-MORGAN-AND-CO-I   10-19 0083</UNKNOWN>
+<TEXT>&#2;
+<TITLE>J.P. MORGAN AND CO INC &lt;JPM> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>shr profit 1.18 dlrs vs profit 1.15 dlrs
+    net profit 219.2 mln vs profit 211.5 mln
+    nine mths
+    shr loss 84 cts vs profit 3.72 dlrs
+    net loss 140.8 mln vs profit 682.4 mln
+    assets 79.69 billion vs 71.99 billion
+    loans 33.93 billion vs 35.33 billion
+    deposits 45.68 billion vs 41.22 billion
+    NOTE: 1987 nine mths include previously reported 875 mln
+dlr addition to loan loss reserve in 2nd qtr for ldc debts
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20047" NEWID="21389">
+<DATE>19-OCT-1987 10:34:11.70</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1288&#31;reute
+f f BC-ROHM-AND-HAAS-C   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>ROHM AND HAAS CO 3RD QTR SHR 57 CTS VS 54 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20046" NEWID="21390">
+<DATE>19-OCT-1987 10:34:01.20</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1286&#31;reute
+f f BC-MONSANTO-CO-3RD   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MONSANTO CO 3RD QTR SHR 1.30 DLRS VS 1.85 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20045" NEWID="21391">
+<DATE>19-OCT-1987 10:33:57.68</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>thailand</D><D>australia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>gatt</D><D>ec</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G T 
+&#22;&#22;&#1;f1285&#31;reute
+r f BC-AUSTRALIA-SEES-CAIRNS   10-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CAIRNS GROUP SAID INFLUENTIAL IN TRADE TALKS</TITLE>
+<DATELINE>    BANGKOK, Oct 19 - </DATELINE><BODY>Australian Minister for Trade
+Negotiations Michael Duffy said his country and Third World
+commodity producers have formed an effective lobby group
+against farm export subsidies and market access restrictions.
+    Duffy told a press conference the Cairns Group of 14 major
+agricultural producers, to which Australia and Thailand belong,
+has emerged as an important third force in any multilateral
+trade talks. "There's no doubt that the Cairns Group is being
+seen as a third force to be reckoned with both inside the
+General Agreement on Tariffs and Trade and in other
+international trade negotiations," he said.
+    Duffy, here on a three-day visit after talks in the United
+States, The European Community (EC) and Latin America, said
+considerable progress has been made by the group towards
+fighting costly protectionist policies pursued by developed
+countries.
+    The minister said the EC Commission's new farm trade paper
+will recognise the heavy financial burdens imposed by its
+Common Agricultural Policy and its future expansion.
+    He said the Reagan Administration has also displayed a
+determination to resist the currently strong protectionist
+sentiment in the U.S. Congress.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20044" NEWID="21392">
+<DATE>19-OCT-1987 10:32:01.15</DATE>
+<TOPICS><D>bop</D><D>trade</D></TOPICS>
+<PLACES><D>turkey</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1272&#31;reute
+u f BC-TURKEY-CURRENT-ACCOUN   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TURKEY CURRENT ACCOUNT DEFICIT WIDENS IN JULY</TITLE>
+<DATELINE>    ANKARA, Oct 19 - </DATELINE><BODY>Turkey's current account deficit widened
+in July to 674 mln dlrs from 454 mln in June but fell from 1.22
+billion in July last year, the State Statistics Institute said.
+    The cumulative trade position in July showed a 1.85 billion
+dlr deficit after 1.33 billion in June and 1.89 billion a year
+earlier, with exports at 4.91 billion and imports, both FOB, at
+6.76 billion.
+    The government aims to narrow the current account deficit
+for the whole of 1987 to 975 mln dlrs, compared with 1.52
+billion last year, up from 1.01 billion in 1985.
+    Bankers forecast the 1987 deficit will exceed one billion
+dlrs,  because a spurt in exports is expected to slow
+considerably in the last five months following a massive
+drawdown of inventories.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20043" NEWID="21393">
+<DATE>19-OCT-1987 10:30:23.09</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1268&#31;reute
+u f BC-IBC'S-INTERSTATE-BAKE   10-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IBC'S INTERSTATE BAKERIES&lt;IBC>BID OVERSUBSCRIBED</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>IBC Acquisition Corp said it received
+about 8,857,807 Interstate Bakeries Corp shares in response to
+its tender offer for up to 8,053,181 shares that expired
+October 16, and it will purchase about 90.9 pct of the shares
+tendered.
+    It said a final proration factor should be announced and
+payment for shares start October 26.
+    IBC is made up of Interstate management, First Boston Inc
+&lt;FBC> and George K. Braun and Co.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20042" NEWID="21394">
+<DATE>19-OCT-1987 10:30:01.20</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1267&#31;reute
+r f BC-OREGON-STEEL-BUYS-KAI   10-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OREGON STEEL BUYS KAISER'S NAPA VALLEY PLANT</TITLE>
+<DATELINE>    PORTLAND, Ore., Oct 19 - </DATELINE><BODY>&lt;Kaiser Steel Corp>'s plant in
+Napa, Calif., has been purchased by Oregon Steel Mills for 16
+mln dlrs, the privately owned Portland company said.
+    The transaction was approved by the U.S. bankruptcy judge
+in Denver who is hearing Kaiser Steel's Chapter 11
+reorganization case.
+    James Mccaughey, former vice president of sales for Kaiser,
+has been named general manager for the plant which will be
+called Napa Pipe Corp, Oregon Steel said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20041" NEWID="21395">
+<DATE>19-OCT-1987 10:26:57.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1251&#31;reute
+r f BC-AMERICAN-VISION-&lt;AMVC   10-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN VISION &lt;AMVC.O> ELECTS NEW PRESIDENT</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>American Vision Centers Inc said Michael
+C. Barlerin has been elected president and chief operating
+officer of the company, replacing Robert S. Cohen, who will
+remain a member of the company's board.
+    Barlerin was previously senior vice president and director
+of marketing for Zale Corp.
+    American Vision also said two Kay Corp &lt;KAY> officers,
+Anthonie C. van Ekris and Thomas E. Hitselberger, and John C.
+Belknap, chief financial officer of Seligman and Latz Inc, were
+elected to American Vision's board.
+   
+    Kay last week completed the acqusition of 52 pct of
+American Vision's outstding shares.
+    The new members will succeed Alan R. Cohen, Edward M. Cohen
+and Robert Gertler.
+    Separately, American Vision said its board has approved a
+proposal to borrow up to 2.5 mln dlrs from Kay Acquisition
+Corp, a unit of Kay Corp, for additional working capital.
+    The loan, which is subject to a number of conditions, would
+include a market rate of interest and would be in the form of a
+senior convertible debt instrument.
+    American Vision owns and franchises retail eyecare stores.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20040" NEWID="21396">
+<DATE>19-OCT-1987 10:26:34.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1248&#31;reute
+r f BC-MILLIPORE-CORP   10-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MILLIPORE &lt;MILI> FILES FOR DEBENTURE OFFERING</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Millipore Corp filed with the
+Securities and Exchange Commission for a proposed offering of
+up to 75 mln dlrs of convertible subordinated debentures due
+November 15, 2012.
+    First Boston Corp and Alex. Brown and Sons Inc will act as
+underwriters for the proposed offering.
+    Millipore said it will use proceeds from the offering to
+repay debt and for general corporate purposes.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20039" NEWID="21397">
+<DATE>19-OCT-1987 10:26:09.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1244&#31;reute
+r f BC-XIDEX-&lt;XIDX.O>-NAMES   10-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XIDEX &lt;XIDX.O> NAMES NEW CHIEF EXECUTIVE</TITLE>
+<DATELINE>    PALO ALTO, Calif., Oct 19 - </DATELINE><BODY>Xidex Corp said Lester L.
+Colbert Jr. will be succeeded as president and chief executive
+officer by executive vice president and chief operating officer
+Bert Zaccaria but will remain chairman.
+    The company said Colbert has decided to take a less active
+role in management.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20038" NEWID="21398">
+<DATE>19-OCT-1987 10:25:54.10</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1243&#31;reute
+r f BC-CMS-&lt;CMS>-CITES-HIGHE   10-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CMS &lt;CMS> CITES HIGHER ELECTRIC SALES</TITLE>
+<DATELINE>    JACKSON, MICH., Oct 19 - </DATELINE><BODY>CMS Energy Corp, parent of
+Consumers Power Co, said the fivefold improvement in its third
+quarter earnings was the result of higher electric sales.
+    The company also cited its ongoing refinancing program
+which it said significantly reduced high-cost debt and
+preference stock, and capitalized interest on assets which will
+be used in the company's Midland cogeneration venture.
+    CMS reported quarterly earnings of 56.0 mln dlrs, or 65 cts
+a share, up from 8.8 mln dlrs, or 10 cts a share a year
+earlier. It said electric sales were up 4.6 pct due to
+continued economic growth and warmer than normal weather.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20037" NEWID="21399">
+<DATE>19-OCT-1987 10:25:13.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1242&#31;reute
+d f BC-DAHLBERG-&lt;DAHL.O>-COM   10-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DAHLBERG &lt;DAHL.O> COMPLETES SEARS&lt;S> AGREEMENT</TITLE>
+<DATELINE>    MINNEAPOLIS, Oct 19 - </DATELINE><BODY>Dahlberg Inc said it completed a
+previously announced agreement with Sears, Roebuck and Co to
+operate hearing aid centers in sears stores on a national
+basis.
+    Dahlberg currently operates some 142 hearing aid centers on
+a concession basis in Sears stores.
+    In connection with the program, the company said it granted
+Sears an option to buy up to 300,000 shares of Dahlberg stock
+at 12 dlrs a share.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20036" NEWID="21400">
+<DATE>19-OCT-1987 10:24:18.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1239&#31;reute
+d f BC-ALLIANT-COMPUTER-INTR   10-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ALLIANT COMPUTER INTRODUCES MINISUPERCOMUPTER</TITLE>
+<DATELINE>    LITTLETON, Mass., Oct 19 - </DATELINE><BODY>Alliant Computer Systems Corp
+&lt;ALNT.O> said it introduced a parallel vector minisupercomputer
+priced at less than 100,000 dlrs.
+    The company said the new FX/4 makes multi-user
+supercomputing affordable for the first time to workgroups in
+industrial and commercial markets.
+    The company said it also introduced high-performance
+compiler and algorithm products for the FX/Series systems.
+   
+    Alliant said it achieved the low price for the FX/4 through
+a combination of new packaging technology and cost decreases
+due to semiconductor price improvements and manufacturing
+efficiencies.
+    The company also released the FX/C compiler, which it said
+can double the performance of C programs.
+    The company said its newly released algorithm products, the
+FX/Linpack and FX/Eispack libraries, are collections of
+mathematical subroutines that programmers can call from all
+Alliant languages.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20035" NEWID="21401">
+<DATE>19-OCT-1987 10:24:10.61</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1238&#31;reute
+r f BC-CARSON-PIRIE-&lt;CRN>-TO   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CARSON PIRIE &lt;CRN> TO START PROXY MAILING</TITLE>
+<DATELINE>    CHICAGO, Oct 19 - </DATELINE><BODY>Carson Pirie Scott and Co said it plans
+to start mailing proxy materials to stockholders in connection
+to a November 16 special meeting at which holders will be asked
+to consider a previously announced agreement with Greyhound
+Corp &lt;G>.
+    Under the agreement, Greyhound will acquire, in a merger,
+three of the company's foodservice operations - Dobbs
+International Services, Dobbs Houses and Carson international.
+    If the transaction is approved, Carsons said its
+stockholders will receive 30 dlrs cash and one share of common
+in the new Carson Pirie Scott and Co for each share held.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20034" NEWID="21402">
+<DATE>19-OCT-1987 10:23:29.35</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1235&#31;reute
+u f BC-PHILIPPINE-SENATE-ACT   10-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE SENATE ACTS TO SPEED DEBT PACT</TITLE>
+<DATELINE>    MANILA, Oct 19 - </DATELINE><BODY>The Philippine Senate approved a proposal
+to repay loans owed by a private company to speed up the
+signing of a 13.2 billion dlr rescheduling agreement with
+foreign banks.
+    It concerns a Barclays Bank managed loan to fertilizer
+company Planter Products Inc, said Teofisto Paterno, chairman
+of the foreign debt committee.
+    President Corazon Aquino had accused some creditor banks of
+"non-too-subtle coercion" in threatening to refuse to sign the
+rescheduling accord until the loan problem was settled.
+    Over 30 of Philippines' 483 creditor banks still have to
+sign the agreement before the November 15 deadline.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20033" NEWID="21403">
+<DATE>19-OCT-1987 10:23:17.49</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1234&#31;reute
+r f BC-HOME-SAVINGS-BANK-&lt;HM   10-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOME SAVINGS BANK &lt;HMSB.O> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Shr 57 cts
+    Net 6,889,000 vs 10.7 mln
+    Nine mths
+    Shr 1.67 dlrs
+    Net 20.1 mln vs 22.9 mln
+    Assets 1.63 billion vs 1.47 billion
+    Deposits 1.17 billion vs 1.19 billion
+    Loans 1.25 billion vs 936.5 mln
+    NOTE: 3rd qtr and nine mths 1986 per share figures not
+available because bank converted to stock form Nov 28, 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20032" NEWID="21404">
+<DATE>19-OCT-1987 10:23:09.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1233&#31;reute
+u f BC-WOOLWORTH-&lt;Z>-COMPLET   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WOOLWORTH &lt;Z> COMPLETING TENDER OFFER</TITLE>
+<DATELINE>    NEW YORK, Oct. 19 - </DATELINE><BODY>FW Woolworth and Co said that 2,223,996
+shares of Armel Inc's &lt;AML> common stock were tendered to and
+accepted for payment by Woolworth, under the terms of the
+previosuly announced cash tender offer which expired at 2400
+midnight EDT on October 16.
+    In addition, Woolowrth said 137,367 Armel shares have been
+tendered subject to guaranteed delivery.
+    Woolowrth said as a result of the tender offer and options
+which it has exercised to purchase Armel stock, FWW Acquisiton
+Corp, a Woolworth unit, today expects to own about 91.75 pct of
+Amrel's outstanding stock.
+   
+    Woolworth said the percent it owns does not include 583,650
+Class A shares of Armel, which were tendered or will be
+purchased pursuant to the options.
+    As previuosly announced, FWW will now proceed with the cash
+merger in which all shares of Armel, other than those held by
+FWW or Woolworth, will be entitled to receive 7.75 dlrs per
+share. Woolworth said it expects to consummate the deal later
+this year.
+    Armel is a specialty retailer of a broad line of athletic
+and leisure footwear, accessories and other sportswear.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20031" NEWID="21405">
+<DATE>19-OCT-1987 10:22:36.51</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1229&#31;reute
+r f BC-PLAINS-PETROLEUM-CO-&lt;   10-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLAINS PETROLEUM CO &lt;PLP> 3RD QTR NET</TITLE>
+<DATELINE>    LAKEWOOD, Colo., Oct 19 -
+    </DATELINE><BODY>Shr 15 cts vs 13 cts
+    Net 1,352,000 vs 1,210,000
+    Revs 5,953,000 vs 3,309,000
+    Nine mths
+    Shr 36 cts vs 27 cts
+    Net 3,257,000 vs 2,416,000
+    Revs 16.6 mln vs 9,705,000
+    NOTE: If FASB adopts accounting changes, then 1987 3rd qtr
+per share results will be restated to 22 cts, and 54 cts a
+share for 1987 nine mths.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20030" NEWID="21406">
+<DATE>19-OCT-1987 10:22:25.54</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1227&#31;reute
+d f BC-WELLS-GARDNER-CORP-&lt;W   10-19 0048</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WELLS-GARDNER CORP &lt;WGA> 3RD QTR NET</TITLE>
+<DATELINE>    CHICAGO, Oct 19 -
+    </DATELINE><BODY>Shr profit three cts vs loss two cts
+    Net profit 107,000 vs 87,000 loss
+    Revs 6,769,000 vs 4,992,000
+    Nine mths
+    Shr profit 21 cts vs loss nine cts
+    Net profit 778,000 vs loss 314,000
+    Revs 21.9 mln vs 13.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20029" NEWID="21407">
+<DATE>19-OCT-1987 10:21:11.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1219&#31;reute
+d f BC-SUN-MICRO'S-&lt;SUNW.O>   10-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SUN MICRO'S &lt;SUNW.O> TOPS UPGRADES SOFTWARE</TITLE>
+<DATELINE>    BERKELEY, Calif., Oct 19 - </DATELINE><BODY>Sun Microsystems Co's TOPS
+subsidiary said it will have upgraded versions of its NetPrint
+and LAN -- local area network -- software packages available
+early next month.
+    The company said version 2.0 of its NetPrint will be
+available November 10 at a suggested retail price of 189 dlrs.
+NetPrint is software that enables International Business
+Machines Corp &lt;IBM> personal computers and compatibles print
+directly to Apple Computer Inc &lt;AAPL.O> LaserWriters or other
+PostScript compatible printers on an AppleTalk network.
+   
+    TOPS said it will begin shipping version 2.0 of its LAN
+software packages providing file sharing among Apple macintosh
+computers, IBM PCs and compatibles, and UNIX-based systems to
+retailers November six.
+    It said the TOPS/DOS version 2.0, which will have a
+suggested retail price of 189 dlrs, allows PCs on the network
+to access dedicated printers fomerly availabe to only one user.
+   
+    The TOPS/Macintosh version 2.0, also listed at 189 dlrs,
+introduces a "remember" function that allows users to make
+files available to the network and access remote files
+automatically. In addition, the software is now fully
+compatible with all Apple File Protocol applications.
+    Both LAN's include FlashTalk, a recently announced PC-to-PC
+communications architecture that operates at three-times TOPS'
+AppleTalk speed and is slated to sell for 239 dlrs.
+       
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20028" NEWID="21408">
+<DATE>19-OCT-1987 10:20:37.86</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1215&#31;reute
+r f BC-BRINKMANN-INSTRUMENTS   10-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROSPECT GROUP HAS 14.3 PCT OF BRINKMANN&lt;BRIK.O></TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>New York-based Prospect Group Inc
+&lt;PROSZ.O> said it acquired 527,000 shares of Brinkmann
+Instruments Inc common stock, or 14.3 pct of the scientific
+instrument maker's common stock outstanding.
+    In a filing with the Securities and Exchange Commission,
+Prospect Group said it bought the 527,000 Brinkmann shares in
+open market transactions between August 12 and October 16 at
+9.62 dlrs to 11.50 dlrs, or a total of 5.69 mln dlrs.
+    Prospect Group said it bought the stock "to establish a
+significant minority equity interest in the company," but does
+not intend to seek control of Brinkmann at the present time.
+    Prospect Group said it will review its investment
+objectives regarding Brinkmann as warranted by market
+conditions, the company's performance, and other factors
+including discussions with Brinkmann management.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20027" NEWID="21409">
+<DATE>19-OCT-1987 10:19:45.31</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1212&#31;reute
+f f BC-IC-INDUSTRIES-A   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IC INDUSTRIES AUTHORIZES REPURCHASE OF 500 MLN DLRS TO 1.0 BILLION DLRS OF ITS STOCK
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20026" NEWID="21410">
+<DATE>19-OCT-1987 10:19:14.69</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1209&#31;reute
+f f BC-IC-INDUSTRIES-S   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IC INDUSTRIES SAYS IT WILL CONSIDER POSSIBLE SALE OF ITS AEROSPACE BUSINESS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20025" NEWID="21411">
+<DATE>19-OCT-1987 10:17:52.03</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1197&#31;reute
+u f BC-BERKEY   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WARNER &lt;WCI> HAS 8.2 PCT BERKEY INC &lt;BKY> STAKE</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Warner Communications Inc said its
+Warner Communications Investors Inc unit acquired stock and
+warrants representing 416,668 shares of Berkey Inc common
+stock, or the equivalent of 8.2 pct of the company's common
+stock outstanding.
+    In a filing with the Securities and Exchange Commission,
+Warner Communications Investors said it paid about one mln dlrs
+to Berkey on September 23 to acquire 104,167 shares of Berkey
+Series B convertible preferred stock.
+    The preferred stock is convertible into 208,334 Berkey
+common shares, and warrants to buy another 208,334 shares.
+    Warner Communications and its subsidiary said the Berkey
+stock is held as an investment which they will review and
+evaluate from time to time.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20024" NEWID="21412">
+<DATE>19-OCT-1987 10:16:35.12</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1187&#31;reute
+u f BC-AMERICAN-CYANAMID-CO   10-19 0069</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN CYANAMID CO &lt;ACY> 3RD QTR NET</TITLE>
+<DATELINE>    WAYNE, N.J., Oct 19 -
+    </DATELINE><BODY>Oper shr 59 cts vs 49 cts
+    Oper net 54.7 mln vs 44.8 mln
+    Sales 1.04 billion vs 921.4 mln
+    Nine mths
+    Oper shr 2.22 dlrs vs 1.62 dlrs
+    Oper net 203.8 mln vs 150.4 mln
+    Sales 3.14 billion vs 2.87 billion
+    Avg shrs 91.6 mln vs 93.1 mln
+    NOTE: 1986 share data restated to reflect 100 pct stock
+dividend distributed June 12
+   
+    1987 operating net in both periods excludes additional gain
+of 11.6 mln dlrs, or 13 cts a share, associated with 1985 sale
+of Formica Brand Products Group business
+    1987 nine month operating net includes pre-tax gain of 12.0
+mln dlrs, equal to about 13 cts a share, from sale of
+Jacqueline Cochran businesses
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20023" NEWID="21413">
+<DATE>19-OCT-1987 10:16:08.35</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1184&#31;reute
+u f BC-TANDY-CORP-&lt;TAN>-1ST   10-19 0031</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDY CORP &lt;TAN> 1ST QTR SEPT 30 NET</TITLE>
+<DATELINE>    FORT WORTH, Texas, Oct 19 -
+    </DATELINE><BODY>Shr 71 cts vs 49 cts
+    Net 64.3 mln vs 43.7 mln
+    Revs 838.2 mln vs 742.6 mln
+    Avg shrs 89.9 mln vs 89.9 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20022" NEWID="21414">
+<DATE>19-OCT-1987 10:15:55.43</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1182&#31;reute
+b f BC-BELL-ATLANTIC-C   10-19 0058</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELL ATLANTIC CORP &lt;BEL> 3RD QTR NET</TITLE>
+<DATELINE>    PHILADELPHIA, Oct 19 -
+    </DATELINE><BODY>Shr 1.62 dlrs vs 1.49 dlrs
+    Net 321.8 mln vs 297.9 mln
+    Revs 2.59 billion vs 2.49 billion
+    Avg shrs 198.8 mln vs 199.5 mln
+    Nine mths
+    Shr 2.80 dlrs vs 4.48 dlrs
+    Net 955.4 mln vs 895.2 mln
+    Revs 7.70 billion vs 7.32 billion
+    Avg shrs 199.0 mln vs 199.7 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20021" NEWID="21415">
+<DATE>19-OCT-1987 10:14:54.00</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1178&#31;reute
+u f BC-WANG-LABORATORIES-INC   10-19 0046</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WANG LABORATORIES INC &lt;WANB> 1ST QTR SEPT 30</TITLE>
+<DATELINE>    LOWELL, Mass., Oct 19 -
+    </DATELINE><BODY>Shr profit 14 cts vs loss 19 cts
+    Net profit 22.5 mln vs loss 30.0 mln
+    Revs 693.0 mln vs 597.9 mln
+    Avg shrs 166.0 mln vs 154.2 mln
+    NOTE: Prior year net includes five mln dlr tax credit.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20020" NEWID="21416">
+<DATE>19-OCT-1987 10:14:27.33</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1176&#31;reute
+u f BC-BROCKWAY-INC-&lt;BRK>-3R   10-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BROCKWAY INC &lt;BRK> 3RD QTR NET</TITLE>
+<DATELINE>    JACKSONVILLE, Fla., Oct 19 -
+    </DATELINE><BODY>Shr 98 cts vs 70 cts
+    Net 12.3 mln vs 8,699,000
+    Sales 284.7 mln vs 280.7 mln
+    Nine mths
+    Shr 2.83 dlrs vs 2.23 dlrs
+    Net 35.3 mln vs 27.6 mln
+    Sales 824.6 mln vs 818.4 mln
+    NOTE: Share adjusted for December 1986 three-for-two split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20019" NEWID="21417">
+<DATE>19-OCT-1987 10:13:41.72</DATE>
+<TOPICS><D>acq</D><D>crude</D><D>nat-gas</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f1174&#31;reute
+u f BC-NUI-&lt;NUI>-MAY-SPIN-OF   10-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NUI &lt;NUI> MAY SPIN OFF NONUTILITY OPERATIONS</TITLE>
+<DATELINE>    BRIDGEWATER, N.J., Oct 19 - </DATELINE><BODY>NUI Corp said it is studying
+the feasibility of spinning off nonutility subsidiaries to
+shareholders.
+    The company said its propane disution, natural gas spot
+marketing, data processing, oil and natural gas exploration and
+production, natural gas gathering and underground pipe
+replacement businesses had sales for the year ended September
+30 of about 74 mln dlrs, or about 25 pct of total company
+sales.  NUI's major subsidiary is utility Elizabethtown Gas.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20018" NEWID="21418">
+<DATE>19-OCT-1987 10:13:13.18</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1172&#31;reute
+f f BC-UNISYS-CORP-3RD   10-19 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>UNISYS CORP 3RD QTR SHR 65 CTS VS 34 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20017" NEWID="21419">
+<DATE>19-OCT-1987 10:13:03.47</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1171&#31;reute
+u f BC-TELEX-&lt;TC>-MAY-SEEK-O   10-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TELEX &lt;TC> MAY SEEK OTHER PURCHASERS</TITLE>
+<DATELINE>    TULSA, Oct 19 - </DATELINE><BODY>Telex Corp said its board has directed
+management and financial advisor Drexel Burnham Lambert Inc to
+investigate possible alternatives to the tender offer of Asher
+Edelman's TLX Partners for all Telex shares that may include
+seeking other purchasers for Telex.
+    The company said the board at an October 16 meeting decided
+to defer until a board meeting later this week a recommendation
+on the Edelman offer and said the board expects to make a
+recommendation by October 23.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20016" NEWID="21420">
+<DATE>19-OCT-1987 10:12:46.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1169&#31;reute
+f f BC-FINANCIAL-CORP   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FINANCIAL CORP OF AMERICA 3RD QTR SHR LOSS 2.20 DLRS VS PROFIT 24 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20015" NEWID="21421">
+<DATE>19-OCT-1987 10:11:29.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1166&#31;reute
+f f BC-IBC-ACQUISITION   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IBC ACQUISITION GETS 8,857,807 SHARES IN TENDER, TO BUY 90.9 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20014" NEWID="21422">
+<DATE>19-OCT-1987 10:08:30.32</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>switzerland</D><D>west-germany</D></PLACES>
+<PEOPLE><D>james-baker</D><D>greenspan</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1154&#31;reute
+u f BC-SWISS-ANALYSTS-SAY-MO   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWISS ANALYSTS SAY MOOD ON MARKETS PRECARIOUS</TITLE>
+<AUTHOR>    By Donald Nordberg and Michael Shields</AUTHOR>
+<DATELINE>    ZURICH, Oct 19 - </DATELINE><BODY>Today's sharp sell-off of Swiss stocks and
+matching falls around Europe may have been overdone, but the
+mood on financial markets is precarious, Swiss securities
+analysts and economists said.
+    Panic selling took Swiss shares down six pct at the opening
+on enormous volume, triggered by the slide on Wall Street and
+the threat of renewed currency instability.
+    "I have never experienced anything like this, and I've been
+in the business for 20 years," said Bernhard Wyttenbach, head of
+European research at Union Bank of Switzerland.
+    The analysts blamed the sell-off in Europe on U.S. Monetary
+authorities. This weekend, U.S. Treasury Secretary James Baker
+publicly voiced his displeasure with West German monetary
+policy. He said the eight-month-old Louvre accord to stabilise
+currencies was still working, but added: "On the other hand, we
+will not sit back and watch surplus countries jack up interest
+rates and squeeze growth on the expectation that the United
+States will raise rates."
+    Hans Peter Ast of Societe Generale Alsacienne (Sogenal) in
+Zurich said: "The situation is very dangerous. Statements by the
+U.S. Authorities have fuelled anxiety about interest rates."
+    Herbert Fritschi, director of Zurich Cantonal Bank's
+financial research department, called the sell-off "overdone,"
+but warned that the situation could worsen unless central banks
+loosen their monetary policy.
+    "I think the trend toward higher interest rates is over," he
+said. "The Federal Reserve and the Bundesbank have to step in
+with an easy money policy, or else there is going to be an
+economic catastrophe. They have to act quickly."
+    Wyttenbach said the "Black Monday" sell-off was clearly
+exaggerated, with Swiss Reinsurance Co participation
+certificates falling 20 pct in value at one point.
+    But Wyttenbach said he did not believe that a correction
+would come soon. First, the bad news will reach small investors
+only in time for tomorrow's market, when there could be
+another, smaller selling wave.
+    "As soon as the dollar stabilises -- and that's the key --
+then we'll get a strong movement upward," Wyttenbach said. But
+that may not come soon.
+    "People are simply worried that in America, where the market
+has now fallen by 18 pct since August, the bull market is over,"
+he said. "People are afraid that we'll have a recession in 1988."
+    Baker was wrong to blame the West Germans for the current
+problems and the weak dollar, Wyttenbach said. "We do not have a
+mark problem, we have a dollar problem," he added, but said the
+biggest culprit was the new chairman of the U.S. Federal
+Reserve Board, Alan Greenspan.
+    Wyttenbach recalled that Greenspan had suggested that the
+dollar might be too high in the medium term and that interest
+rates might have to rise. "As a central banker he shouldn't do
+that," Wyttenbach said. "There is a danger that we will fall back
+into the 1970s," he said. "We have a real crisis of confidence in
+Greenspan. I would much rather have a Volcker."
+    Paul Volcker retired as Fed chairman on August 11.
+    Cantonal Bank's Fritschi said: "I'm relatively optimistic
+because the situation looks too bad. The Fed certainly has to
+intervene."
+    He said he did not expect the Swiss National Bank to take
+any significant steps, adding that the focus of attention
+remains on the United States.
+    "The panic started in New York, it has to end there."
+    The Cantonal Bank sent an advisory to customers suggesting
+they not sell into a panicked market, but wait a while before
+deciding what to do.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20013" NEWID="21423">
+<DATE>19-OCT-1987 10:04:35.30</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f1136&#31;reute
+u f BC-SOVIET-UNION-SETS-4.5   10-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET UNION SETS 4.5 PCT INDUSTRIAL OUTPUT GROWTH</TITLE>
+<DATELINE>    MOSCOW, Oct 19 - </DATELINE><BODY>Soviet Planning chief Nikolai Talyzin told
+the Supreme Soviet (parliament) industrial output is planned to
+rise by 4.5 pct in 1988, up from a planned 4.4 pct in 1987.
+    In the first nine months of this year, industrial output
+rose by 3.6 pct.
+    Talyzin said national income, the nearest Soviet equivalent
+to gross national product, is planned to rise by 4.3 pct
+against a planned 4.1 pct this year.
+    He said grain production is planned at 235 mln tonnes in
+1988, compared with a planned 232 mln this year.
+    The Soviet Union produced 210 mln tonnes of grain in 1986
+and the Soviet press has said heavy rain has affected the
+harvest this year.
+    Talyzin said the 1988 Soviet plan stressed the engineering
+industry, which Kremlin leader Mikhail Gorbachev has described
+as a sector where rapid modernisation is essential if the
+Soviet Union is to compete effectively on world markets.
+    "Certain difficulties have arisen this year in the
+machine-building industry. The economy is not receiving a
+considerable amount of the equipment that it requires," said
+Talyzin, who heads the state planning committee Gosplan.
+    Soviet data show the machine-building industry, which makes
+machine tools, instruments and other engineering goods,
+increased output by 3.3 pct in the first nine months of this
+year against the same period of 1986. This is well below the
+7.3 pct rise planned for the industry for all of 1988.
+    Talyzin said the ruling Politburo concluded at a recent
+meeting that an improvement in economic performance depended to
+a large extent on conserving resources better. "Large-scale
+measures are planned to save resources," he said.
+    Finance Minister Boris Gustev told the Supreme Soviet
+defence spending in 1988 would total 20.2 billion roubles, the
+same as announced last year.
+    Talyzin said the Kremlin also had decided to increase
+spending next year on medical services, education, pensions and
+social insurance schemes
+    He said state expenditures in these fields would reach 171
+billion roubles in 1988, or 3.5 billion roubles more than had
+originally been envisaged in the 1986-1990 Five-Year Plan.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20012" NEWID="21424">
+<DATE>19-OCT-1987 10:03:19.00</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1132&#31;reute
+f f BC-BELL-ATLANTIC-C   10-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BELL ATLANTIC CORP 3RD QTR SHR 1.62 DLRS VS 1.49 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20011" NEWID="21425">
+<DATE>19-OCT-1987 09:58:01.89</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1113&#31;reute
+f f BC-J.P.-MORGAN-AND   10-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>J.P. MORGAN AND CO INC 3RD QTR SHR 1.18 DLRS VS 1.15 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20010" NEWID="21426">
+<DATE>19-OCT-1987 09:57:33.00</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f1111&#31;reute
+d f BC-KANSAS-CITY-EXCHANGE'   10-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KANSAS CITY EXCHANGE'S AUDIT TRAIL ADEQUATE</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>The Commodity Futures Trading
+Commission (CFTC) said the Kansas City Board of Trade's (KCBT)
+one-minute audit trail system was adequate and accurate.
+    But in its second rule enforcement review of an exchange's
+audit trail system, CFTC said KCBT needed to provide a more
+accurate indication of the percent of trades that meet the
+one-minute timing standard.
+    CFTC also recommended the exchange develop a computerized
+program to compare time and sales prints to the record of
+trades in its trade register.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20009" NEWID="21427">
+<DATE>19-OCT-1987 09:56:07.10</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1105&#31;reute
+f f BC-IDC-SERVICES-AG   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>IDC SERVICES AGREES TO BE ACQUIRED FOR 16 DLRS A SHARE BY APOLLO PARTNERS GROUP
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20008" NEWID="21428">
+<DATE>19-OCT-1987 09:55:39.67</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1103&#31;reute
+u f BC-COOPER-COMPANIES   10-19 0078</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COOPER &lt;COO> FILES FOR 300 MLN DLR NOTE OFFERING</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Cooper Companies Inc filed with the
+Securities and Exchange Commission for a proposed offering of
+up to 300 mln dlrs of senior extendible notes set to mature on
+January 1, 1993.
+    Drexel Burnham Lambert Inc will act as an underwriter for
+the proposed offering, Cooper said.
+    Proceeds from the offering will be used to repay debt, for
+general corporate purposes, and to support future growth.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20007" NEWID="21429">
+<DATE>19-OCT-1987 09:52:59.85</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1090&#31;reute
+u f BC-MANAGEMENT-GROUP-HAS   10-19 0073</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MANAGEMENT GROUP HAS RESTAURANT &lt;RA> MAJORITY</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Restaurant Associates Industries Inc
+said the management group led by chairman Martin Brody and
+president Max Pine through October 16 had received 1,796,727
+Class A and 1,766,091 Class B shares in response to its tender
+offer for all shares at 18 dlrs each, giving thema majority of
+each class of shares.
+    The company said the tender has been extended until
+November 6.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20006" NEWID="21430">
+<DATE>19-OCT-1987 09:52:19.08</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1089&#31;reute
+u f BC-XIDEX-CORP-&lt;XIDX.O>-1   10-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>XIDEX CORP &lt;XIDX.O> 1ST QTR SEPT 30 NET</TITLE>
+<DATELINE>    PALO ALTO, Calif., Oct 19 -
+    </DATELINE><BODY>Shr 13 cts vs 22 cts
+    Net 5,452,000 vs 9,789,000
+    Sales 155.7 mln vs 135.1 mln
+    NOTE: Prior year net includes gain 6,556,000 dlrs from sale
+of shares of Seagate Technology Corp &lt;SGAT.O>.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20005" NEWID="21431">
+<DATE>19-OCT-1987 09:52:04.56</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1087&#31;reute
+u f BC-CALFED-INC-&lt;CAL>-3RD   10-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CALFED INC &lt;CAL> 3RD QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 -
+    </DATELINE><BODY>shr 1.99 dlrs vs 2.05 dlrs
+    diluted shr 1.80 dlrs vs 1.75 dlrs
+    net 50.0 mln vs 48.5 mln
+    nine months
+    shr 5.37 dlrs vs 5.69 dlrs
+    diluted shr 4.87 dlrs vs 4.76 dlrs
+    net 134.6 mln vs 129.6 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20004" NEWID="21432">
+<DATE>19-OCT-1987 09:49:06.45</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1076&#31;reute
+f f BC-TANDY-CORP-1ST   10-19 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TANDY CORP 1ST QTR SHR 71 CTS VS 49 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20003" NEWID="21433">
+<DATE>19-OCT-1987 09:48:06.25</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C L 
+&#22;&#22;&#1;f1071&#31;reute
+u f BC-slaughter-guesstimate   10-19 0063</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HOG AND CATTLE SLAUGHTER GUESSTIMATES</TITLE>
+<DATELINE>    CHICAGO, Oct 19 - </DATELINE><BODY>Chicago Mercantile Exchange floor traders
+and commission house representatives are guesstimating today's
+hog slaughter at about 305,000 to 320,000 head versus 291,000 a
+week ago and 282,000 a year ago.
+    Cattle slaughter is guesstimated at about 128,000 to
+132,000 head versus 128,000 week ago and 130,000 a year ago.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20002" NEWID="21434">
+<DATE>19-OCT-1987 09:47:13.21</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1064&#31;reute
+u f BC-GENCORP-&lt;GY>-SEEKS-RE   10-19 0093</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENCORP &lt;GY> SEEKS RETENTION OF LICENSES</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>Gencorp's RKO General said it has
+asked the Federal Communication scommission to reverse an
+administrative law judge's decision to revoke all 14 of the
+company's broadcast licenses.
+    RKO General said "the decision was based on allegations of
+misconduct that are either in error or have no bearing on our
+fitness as a broadcaster."
+    It said the decision did not challenge the quality of our
+broadcasting. Yet, if the decision is allowed to stank, it will
+destroy our right to broadcast."
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20001" NEWID="21435">
+<DATE>19-OCT-1987 09:46:57.37</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1062&#31;reute
+b f BC-/SECURITY-PACIFIC-COR   10-19 0070</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SECURITY PACIFIC CORP &lt;SPC> 3RD QTR NET</TITLE>
+<DATELINE>    LOS ANGELES, Oct 19 - 
+    </DATELINE><BODY>Shr 1.16 dlrs vs 1.09 dlrs
+    Net 128.1 mln vs 118.3 mln
+    Avg Shrs 108.8 mln vs 105.7 mln
+    Nine Months
+    Shr 40 cts vs 3.12 dlrs
+    Net 53.2 mln vs 335.1 mln
+    Avg Shrs 108.0 mln vs 105.2 mln
+    Note: Prior-period data have been restated to include on a
+pooling-of-interest basis the August 31, 1987, acquisition of
+Rainier Bancorporation.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20000" NEWID="21436">
+<DATE>19-OCT-1987 09:46:51.89</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1061&#31;reute
+b f BC-PHELPS-DODGE-CORP-&lt;PD   10-19 0062</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHELPS DODGE CORP &lt;PD> 3RD QTR NET</TITLE>
+<DATELINE>    PHOENIX, Ariz., Oct 19 -
+    </DATELINE><BODY>Shr 1.77 dlrs vs 60 cts
+    Net 58.2 mln vs 19.4 mln
+    Revs 377.4 mln vs 188.0 mln
+    Nine mths
+    Shr 3.10 dlrs vs 1.51 dlrs
+    Net 100.3 mln vs 50.6 mln
+    Revs 1.11 billion vs 639.7 mln
+    NOTE: 3rd qtr 1987 net includes about 3,000,000 dlrs
+after-tax extraordinary gain on retirement of debt.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19999" NEWID="21437">
+<DATE>19-OCT-1987 09:46:37.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1058&#31;reute
+b f BC-CRANE-CO-&lt;CR>-3RD-QTR   10-19 0052</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CRANE CO &lt;CR> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Shr 70 cts vs 54 cts
+    Net 16.7 mln vs 12.5 mln
+    Revs 343.6 mln vs 323.1 mln
+    Avg shrs 23.9 mln vs 24.8 mln
+    Nine mths
+    Shr 1.98 dlrs vs 1.23 dlrs
+    Net 46.9 mln vs 27.8 mln
+    Revs 960.5 mln vs 893.2 mln
+    Avg shrs 24.2 mln vs 24.9 mln
+   
+    NOTE: 1986 figures reflect the adjustment for 3-for-2 split
+in May 1987.
+    Net for nine mths 1987 includes a cumulative effect of a
+change in accounting for gain on pension assets reversion of
+10.1 mln or 42 cts a shr.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19998" NEWID="21438">
+<DATE>19-OCT-1987 09:46:29.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1057&#31;reute
+b f BC-ATT-&lt;T>-PLANS-COMPUTE   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ATT &lt;T> PLANS COMPUTER USING SUN &lt;SUNW.O> CHIP</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>American Telephone and Telegraph Co said
+it plans to build a new computer that incorrates a unified
+version of its UNIX System IV operating system and Sun
+Microsystems Inc's recently annouced SPARC micropocessor.
+    The SPARC chip is based on reduced instruction-set
+computing, or RISC, technology. 
+    ATT said the version of UNIX used by the new computer will
+incorporate po;ular features of the Berkeley 4.2 system, a
+dirative of the UNIX system used widely in scientific and
+engineering markets, as well as features of SunOs, a variant of
+the Berkely system sold by Sun.
+    ATT said it would take 18 months to two years to develop
+new computers based on the Sun microchip and the merged version
+of the UNIX operating system.
+    Vittorio Cassoni, president of ATT's newly-formed Data
+Systems Group, said the company will not offer the new machines
+until the merged version of UNIX is completed.
+    "It's the software that will determine the availability of
+products based on SPARC," he said.
+    Eventually ATT's entire line of 3B mini computers will be
+converted to the SPARC architecture, Cassoni said.
+   
+    The investment of all current users will be protected,
+meaning that they will be able to maintain the software used on
+the current 3B line, he said.
+    Cassoni also said ATT's sales of computers declined in the
+first nine months of the year compared with the first nine
+months of last year.
+    The lower sales were primarily the result of ATT's
+transition to a new line of computers, he said.
+    However, "demand for the new products is way, way above
+expectation," he stated.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19997" NEWID="21439">
+<DATE>19-OCT-1987 09:44:48.82</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1050&#31;reute
+f f BC-AMERICAN-CYANAM   10-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>AMERICAN CYANAMID CO 3RD QTR OPER SHR 59 CTS UP 22 PCT
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19996" NEWID="21440">
+<DATE>19-OCT-1987 09:43:30.16</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1041&#31;reute
+f f BC-TELEX-CORP-TO-I   10-19 0015</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TELEX CORP TO INVESTIGATE ALTERNATIVES TO TLX PARTNERS BID, MAY SEEK OTHER PURCHASERS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19995" NEWID="21441">
+<DATE>19-OCT-1987 09:38:49.47</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1031&#31;reute
+b f BC-LOTUS-DEVELOPMENT-COR   10-19 0065</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOTUS DEVELOPMENT CORP &lt;LOTS.O> 3RD QTR NET</TITLE>
+<DATELINE>    CAMBRIDGE, Mass., Oct 19 -
+    </DATELINE><BODY>Shr 42 cts vs 21 cts
+    Net 19.1 mln vs 9,528,000
+    Sales 101.2 mln vs 65.6 mln
+    Avg shrs 46.0 mln vs 46.0 mln
+    Nine mths
+    Shr 1.08 dlrs vs 69 cts
+    Net 49.1 mln vs 32.7 mln
+    Sales 280.0 mln vs 201.0 mln
+    Avg shrs 45.6 mln vs 47.4 mln
+    NOTE: Share adjusted for February 1987 two-for-one split.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19994" NEWID="21442">
+<DATE>19-OCT-1987 09:36:55.80</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1024&#31;reute
+f f BC-WANG-LABORATORI   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WANG LABORATORIES INC 1ST QTR SHR PROFIT 14 CTS VS LOSS 19 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19993" NEWID="21443">
+<DATE>19-OCT-1987 09:36:20.16</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>cyprus</D><D>iran</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f1022&#31;reute
+b f BC-IRAN-SAYS-U.S.-NAVAL   10-19 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN SAYS U.S. NAVAL FORCES ATTACKED TWO PLATFORMS</TITLE>
+<DATELINE>    NICOSIA, Oct 19 - </DATELINE><BODY>Iran said U.S. Naval forces attacked two
+of its oil platforms in the southern Gulf on Monday afternoon,
+the Iranian news agency IRNA reported.
+    IRNA, received in Nicosia, said an informed source at the
+Iranian oil ministry identified the two platforms as Resalat
+and Reshadat, about 60 miles from Iran's Lavan island oil
+storage site.
+    Regional shipping sources earlier said three Iranian
+offshore oil sites at Sassan, Rostam and Rakhsh had been
+attacked at 7.00 A.M. (0300 GMT) on Monday by unidentified
+aircraft.
+    In Washington, U.S. Defence Secretary Caspar Weinberger
+said four U.S. Destroyers attacked and destroyed an Iranian oil
+platform about 120 miles east of Bahrain.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19992" NEWID="21444">
+<DATE>19-OCT-1987 09:35:19.14</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>cme</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1020&#31;reute
+f f BC-CHICAGO-MERC'S   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CHICAGO MERC'S AND P 500 STOCK INDEX FUTURES OPEN MORE THAN 20 POINTS LOWER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19991" NEWID="21445">
+<DATE>19-OCT-1987 09:31:59.94</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f1011&#31;reute
+f f BC-WALL-STREET-STO   10-19 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WALL STREET STOCKS OPEN BROADLY LOWER
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19990" NEWID="21446">
+<DATE>19-OCT-1987 09:31:05.73</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1003&#31;reute
+f f BC-BROCKWAY-INC-3R   10-19 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>BROCKWAY INC 3RD QTR SHR 98 CTS VS 70 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19989" NEWID="21447">
+<DATE>19-OCT-1987 09:30:51.30</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f1000&#31;reute
+r f BC-SOUTHWEST-BANCORP-&lt;SW   10-19 0081</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTHWEST BANCORP &lt;SWB> 3RD QTR LOSS</TITLE>
+<DATELINE>    VISTA, Calif., Oct 19 -
+    </DATELINE><BODY>Oper shr loss 82 cts vs profit 12 cts
+    Oper net loss 4,134,000 vs profit 544,000
+    Avg shrs 5,030,000 vs 3,927,000
+    Nine mths
+    Oper shr loss 80 cts vs profit 32 cts
+    Oper net loss 3,615,000 vs profit 1,457,000
+    Avg shrs 4,557,000 vs 3,927,000
+    NOTE: 1986 net excludes tax loss carryforwards of 105,000
+dlrs in quarter and 195,000 dlrs in nine mths.
+    1986 quarter net includes 212,000 dlr tax credit.
+    1987 net both periods includes 3,700,000 dlr addition to
+loan loss reserves due mostly to one out-of-state real estate
+transaction.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19988" NEWID="21448">
+<DATE>19-OCT-1987 09:29:50.98</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0994&#31;reute
+r f BC-GATX-CORP-&lt;GMT>-3RD-Q   10-19 0053</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GATX CORP &lt;GMT> 3RD QTR NET</TITLE>
+<DATELINE>    CHICAGO, Oct 19 -
+    </DATELINE><BODY>Shr 95 cts vs 36 cts
+    Net 9,100,000 vs 3,300,000
+    Revs 143.7 mln vs 132.4 mln
+    Avg shrs 9,884,000 vs 9,780,000
+    Nine mths
+    Shr 2.77 dlrs vs 1.49 dlrs
+    Net 26,600,000 vs 19,000,000
+    Revs 401.8 mln vs 385.2 mln
+    Avg shrs 9,871,000 vs 12,565,000
+    NOTE: 1986 earnings include a loss from discontinued
+operations of 1,000,000 dlrs, or 10 cts a share in the quarter
+and a gain of 2,500,000 dlrs, or 19 cts a share for the nine
+months
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19987" NEWID="21449">
+<DATE>19-OCT-1987 09:29:34.86</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>kenya</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0993&#31;reute
+u f BC-KENYA-DEBT-SERVICING   10-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KENYA DEBT SERVICING TO ABSORB MOST AID - MOI</TITLE>
+<DATELINE>    NAIROBI, Oct 19 - </DATELINE><BODY>Rising service payments on Kenya's three
+billion dlr external debt will absorb nearly all the 1.1
+billion dlrs of foreign aid likely over the next four years,
+President Daniel arap Moi said.
+    "While we expect to receive 18.3 billion Kenyan shillings in
+the form of external loans for our development programs in the
+next four years, we will be repaying more than 13.5 billion...
+By way of external debt servicing...," Moi told a conference of
+American businessmen in Nairobi.
+    The president added that if developing countries continue
+to experience foreign exchange outflows on this scale, many
+will be unable to sustain a level of imports necessary to
+ensure economic growth. He called on the international
+community to ensure a real transfer of resources from the
+industrialised to the developing countries.
+    Moi said Kenya had so far met all obligations regarding its
+foreign debt, which his government has never tried to
+reschedule.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19986" NEWID="21450">
+<DATE>19-OCT-1987 09:27:06.67</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0986&#31;reute
+f f BC-LOTUS-DEVELOPME   10-19 0009</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LOTUS DEVELOPMENT CORP 3RD QTR SHR 42 CTS VS 21 CTS 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19985" NEWID="21451">
+<DATE>19-OCT-1987 09:25:04.53</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0977&#31;reute
+b f BC-MICROSOFT-CORP-&lt;MSFT.   10-19 0025</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MICROSOFT CORP &lt;MSFT.O> 1ST QTR NET</TITLE>
+<DATELINE>    REDMOND, Wash., Oct 19 -
+    </DATELINE><BODY>Shr 38 cts vs 29 cts
+    Net 21.3 mln vs 15.8 mln
+    Revs 102.6 mln vs 66.8 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19984" NEWID="21452">
+<DATE>19-OCT-1987 09:22:52.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0970&#31;reute
+f f BC-GENCORP-SAID-IT   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GENCORP SAID IT ASKED THE FCC TO REVERSE REVOCATION OF ITS BROADCAST LICENSES
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19983" NEWID="21453">
+<DATE>19-OCT-1987 09:20:24.63</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0959&#31;reute
+r f BC-CMS-ENERGY-CORP-&lt;CMS>   10-19 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CMS ENERGY CORP &lt;CMS> 3RD QTR NET</TITLE>
+<DATELINE>    JACKSON, MICH., Oct 19 -
+    </DATELINE><BODY>Shr 65 cts vs 10 cts
+    Net 55,960,000 vs 8,785,000
+    Revs 588.2 mln vs 596.1 mln
+    Avg shrs 85,710,000 vs 87,987,000
+    Nine mths
+    Shr 1.24 dlrs vs 44 cts
+    Net 106,738,000 vs 39,055,000
+    Revs 1.98 billion vs 2.24 billion
+    Avg shrs 86,320,000 vs 88,007,000
+    NOTE: 1986 data restated for adoption of new accounting
+standard relating to pensions
+    1987 nine month earnings include 331 mln dlr after-tax
+writeoff in the 4th Qtr of 1985 of a portion of the assets of
+the company's Midland nuclear project
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19982" NEWID="21454">
+<DATE>19-OCT-1987 09:19:42.53</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;C G 
+&#22;&#22;&#1;f0955&#31;reute
+r f BC-SHAMROCK-COMPLETES-CE   10-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAMROCK COMPLETES CENTRAL SOYA SALE TO FERRUZZI</TITLE>
+<DATELINE>    BURBANK, Calif., Oct 19 - </DATELINE><BODY>Shamrock Capital LP said it has
+completed the sale of Cental Soya Co Inc to Ferruzzi Agricola
+Finanziaria the holding company for the Ferruzzi group of
+Ravenna, Italy.
+    Shamrock Capital is a limited partnership led by Shamrock
+Holdings Inc, the Roy E. Disney family company.
+    Under the agreement announced last month, Ferruzzi acquired
+all the equity and assumed subordinated term debt of about 195
+mln dlrs in a transaction valued at about 370 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19981" NEWID="21455">
+<DATE>19-OCT-1987 09:18:12.67</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0948&#31;reute
+u f BC-CURTICE-BURNS-FOODS-I   10-19 0051</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CURTICE BURNS FOODS INC &lt;CBI> 1ST QTR NET</TITLE>
+<DATELINE>    ROCHESTER, N.Y., Oct 19 - </DATELINE><BODY>Qtr ends Sept 25
+    Shr 75 cts vs 64 cts
+    Net 2,794,000 vs 2,363,000
+    Revs 157.8 mln vs 138.4 mln
+    NOTE: 1986 qtr figures exclude effect of 1986 tax reform
+act which retroactively reduced earnings from 64 cts to 56 cts
+per shr.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19980" NEWID="21456">
+<DATE>19-OCT-1987 09:16:20.16</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0942&#31;reute
+f f BC-PHELPS-DODGE-CO   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>PHELPS DODGE CORP 3RD QTR NET 58.2 MLN DLRS VS 19.4 MLN DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19979" NEWID="21457">
+<DATE>19-OCT-1987 09:15:18.95</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0938&#31;reute
+f f BC-CMS-ENERGY-CORP   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CMS ENERGY CORP 3RD QTR SHR 65 CTS VS 10 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19978" NEWID="21458">
+<DATE>19-OCT-1987 09:14:54.73</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0937&#31;reute
+d f BC-VW-SAYS-AUTOLATINA-TO   10-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VW SAYS AUTOLATINA TO LOSE 500 MLN MARKS IN 1987</TITLE>
+<DATELINE>    WOLFSBURG, West Germany, Oct 19 - </DATELINE><BODY>Autolatina, Volkswagen AG
+&lt;VOWG.F> and Ford Motor Co's &lt;F> Latin American joint venture,
+was expected to make losses of 500 mln marks from Brazilian
+operations in 1987, VW spokesman Ortwin Witzel said.
+    He could not comment on a report in the Frankfurter
+Rundschau daily that Ford might pull out of the venture, set up
+in 1986 to incorporate VW's and Ford's Brazilian and Argentine
+operations. Ford holds 49 pct of Autolatina.
+    Witzel blamed Autolatina's losses on Brazil's government
+price restrictions but said the losses were in line with
+expectations. VW's Brazil unit lost 258 mln marks in 1986.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19977" NEWID="21459">
+<DATE>19-OCT-1987 09:13:47.65</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0936&#31;reute
+b f AM-GULF-AMERICAN-URGENT   10-19 0072</UNKNOWN>
+<TEXT>&#2;
+<TITLE>U.S. NAVAL FORCES ATTACK IRANIAN OIL PLATFORM</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>U.S. warships attacked and destroyed
+an Iranian oil platform on Monday in retaliation for Friday's
+Iranian attack damaging a U.S.-flagged ship, U.S. Defense
+Secretary Caspar Weinberger said.
+    When asked how much was left of the oil platform,
+Weinberger said, "Nothing."
+    "There was no Iranian reaction," he said. "... We consider
+this matter is now closed."
+    Weinberger said four U.S. destroyers attacked the platform
+about 120 miles east of Bahrain in the central Gulf with fire
+at 0700 EDT, Weinberger said.
+    "We chose a platform used by the Iranians to interfere with
+and be a source of potential attack on convoys...," Weinberger
+said at a Pentagon briefing. 
+    "We know it has been used indeed, to not only launch small
+boat attacks on shipping but to fire on U.S. helicopters...
+    "It's removal will contribute significantly to the safety of
+U.S. forces in the future," Weinberger said of the U.S. Navy's
+operation to escort oil tankers through the Gulf.
+    "We do not seek further confrontation with Iran but we will
+be prepared to meet any escalation of military actions by Iran
+with stronger countermeasures," Weinberger said.
+    He said the 20 to 30 Iranian personnel on the oil platform
+were given a 20-minute warning to abandon the platform.
+    "As far as we know they did abandon the site," he said.
+    Weinberger was asked why the United States had chosen to
+attack an oil platform rather than Iranian Silkworm missile
+platforms blamed by Washington for Friday's attack.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19976" NEWID="21460">
+<DATE>19-OCT-1987 09:13:19.45</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0935&#31;reute
+d f BC-LINDBERG-CO-&lt;LIND.O>   10-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LINDBERG CO &lt;LIND.O> 3RD QTR NET</TITLE>
+<DATELINE>    CHICAGO, Oct 19 -
+    </DATELINE><BODY>Shr profit 10 cts vs profit eight cts
+    Net profit 477,853 vs profit 348,384
+    Sales 17.7 mln vs 17.3 mln
+    Nine mths
+    Shr loss 35 cts vs profit 45 cts
+    Net loss 1,639,216 vs profit 2,305,700
+    Sales 56.2 mln vs 57.1 mln
+    Avg shrs 4,698,501 vs 5,075,717
+    NOTE: Earnings in the 2nd Qtr of 1987 were reduced by
+3,262,000 dlrs, or 69 cts a share from a charge reflecting
+elimination or transfer of certain product lines and operations
+at the company's Racine, Wis. foundry
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19975" NEWID="21461">
+<DATE>19-OCT-1987 09:12:53.99</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0933&#31;reute
+d f BC-OGDEN-&lt;OG>-SETS-BERKS   10-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OGDEN &lt;OG> SETS BERKS COUNTY WASTE FACILITY</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>Ogden Corp said its Ogden Martin System
+of Berks Inc subsidiary has signed a contract with Berks
+County, Pa., to build, own and operate a resource recovery
+plant designed to process 365,000 tons per year of municipal
+solid waste.
+    Ogden said 66 of the 75 municipalities in the county have
+signed letters of intent to be served by the facility.
+    It said initial financing will include 75 mln dlrs in tax
+exempt resources recovery revenue bonds to be issued by the
+Berks County Industrial Development Authority, the company
+said.
+   
+    Another 75 mln dlrs Pennsylvania State Bond Allocation is
+pending, Ogden said. The company will contribute about 21.1 mln
+dlrs in equity.
+    It said total cost is about 105 mln dlrs, plus escalation,
+for the plant which will produce about 30 megawatts of
+electricity.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19974" NEWID="21462">
+<DATE>19-OCT-1987 09:12:35.93</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>italy</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0932&#31;reute
+r f BC-SHAMROCK-COMPLETES-CE   10-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SHAMROCK COMPLETES CENTRAL SOYA SALE TO FERRUZZI</TITLE>
+<DATELINE>    BURBANK, Calif., Oct 19 - </DATELINE><BODY>Shamrock Capital LP said it has
+completed the sale of Cental Soya Co Inc to Ferruzzi Agricola
+Finanziaria the holding company for the Ferruzzi group of
+Ravenna, Italy.
+    Shamrock Capital is a limited partnership led by Shamrock
+Holdings Inc the Roy E. Disney family company.
+    Under the agreement announced last month, Ferruzzi acquired
+all the equity and assumed subordinated term debt of about 195
+mln dlrs in a trction valued at about 370 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19973" NEWID="21463">
+<DATE>19-OCT-1987 09:12:19.17</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0931&#31;reute
+f f BC-MICROSOFT-CORP   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>MICROSOFT CORP 1ST QTR SHR 38 CTS VS 29 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19972" NEWID="21464">
+<DATE>19-OCT-1987 09:08:42.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0919&#31;reute
+f f BC-CURTICE-BURNS-F   10-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CURTICE BURNS FOODS INC 1ST QTR SHR 75 CTS VS 64 CTS 
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19971" NEWID="21465">
+<DATE>19-OCT-1987 09:07:31.76</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0917&#31;reute
+f f BC-WEINBERGER-SAYS   10-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>WEINBERGER SAYS U.S. FORCES ATTACKED IRANIAN OIL PLATFORM
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19970" NEWID="21466">
+<DATE>19-OCT-1987 09:07:27.98</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0916&#31;reute
+h f BC-CABLE-AND-WIRELESS-RE   10-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABLE AND WIRELESS RESTRUCTURES H.K. UNITS</TITLE>
+<DATELINE>    HONG KONG, Oct 19 - </DATELINE><BODY>Cable and Wireless Plc &lt;CAWL.L> said
+its subsidiary &lt;Hong Kong Telephone Co Ltd> would cease to be a
+listed company, following the restructure of the company's Hong
+Kong units.
+    Earlier today the company announced that Hong Kong
+Telephone and Cable and Wireless Hong Kong, in which the
+territory's government has a 20 pct stake, would become
+subsidiaries of a newly formed holding company, Hong Kong
+Telecommunications.
+    In exchange for the Cable and Wireless Hong Kong capital,
+Hong Kong Telecommunications will issue 4.18 billion new shares
+to Cable and Wireless Plc's Cable and Wireless (Far East) Ltd.
+    That subsidiary now holds the group's 80 pct stake in Cable
+and Wireless Hong Kong and about 22 pct of H.K. Telephone.
+    It will issue an additional 1.05 billion shares to the
+goverment.
+    That will leave the Cable and Wireless group with an 80 pct
+stake in Hong Kong Telecommunications, the government 11 pct
+and nine pct in public hands.
+    But that will be reduced early next year after a placement
+of 11 pct of the issued shares of Hong Kong Telecommunications
+by both Cable and Wireless and the government.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19969" NEWID="21467">
+<DATE>19-OCT-1987 09:06:20.71</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0915&#31;reute
+b f BC-TEXACO-&lt;TX>-HOLDERS-S   10-19 0084</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TEXACO &lt;TX> HOLDERS SEEK PREFERRED DIVIDEND</TITLE>
+<DATELINE>    WHITE PLAINS, Oct 19 - </DATELINE><BODY>Texaco Inc said it has been asked by
+a committee of shareholders about the possibility of the
+company paying a preferred stock dividend to shareholders.
+    The company said the inquiry, from the Equity Security
+Holders Committee, outlines the committee's ideas on how such a
+dividend might be paid.
+    Texaco said it would explore the committee's outline, as
+well as other options that would support shareholders'
+interests and assets.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19968" NEWID="21468">
+<DATE>19-OCT-1987 09:04:17.33</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0910&#31;reute
+f f BC-Bank-of-France-added   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bank of France added money market liquidity at 7-3/4 pct - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19967" NEWID="21469">
+<DATE>19-OCT-1987 09:03:44.72</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0905&#31;reute
+b f BC-/GAF-&lt;GAF>-GROUP-RECO   10-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GAF &lt;GAF> GROUP RECONSIDERS BUYOUT BID</TITLE>
+<DATELINE>    WAYNE, N.J., Oct 19 - </DATELINE><BODY>GAF Corp said the management group
+led by chairman Samuel J. Heyman intends to reconsider its
+proposal to acquire GAF.
+    On September 8, the group offered 64.00 dlrs in cash and
+2.50 dlrs principal amount of 15 pct junior subordinated
+debentures due 2007 for each GAF share.  Heyman owns about
+2,700,000 of GAF's 33.5 mln shares outstanding.
+    In a letter to the committee of independent directors
+formed to consider the offer, Heyman said it will have to
+modify the terms of the offer if it is to continue the bid, due
+to rising interest rates and financial market conditions.
+    Heyman said "In the considerable time that has elapsed
+since our original proposal was submitted, the credit and
+financial markets have experienced extraordinary and almost
+unprecedented deterioration.  As of the present time, the
+average interest rate on the financing which we proposed to
+raise in connection with the acquisition has increased, since
+the original proposal, by approximately 150 basis points."
+    He said the group intends to promptly review all available
+options, including the revision of its offer to reflect current
+market conditions.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19966" NEWID="21470">
+<DATE>19-OCT-1987 09:03:05.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0904&#31;reute
+f f BC-SECURITY-PACIFI   10-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SECURITY PACIFIC CORP 3RD QTR SHR 1.16 DLRS VS 1.09 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19965" NEWID="21471">
+<DATE>19-OCT-1987 09:02:39.04</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0902&#31;reute
+f f BC-CALFED-INC-3RD   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CALFED INC 3RD QTR SHR 1.99 DLRS VS 2.05 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19964" NEWID="21472">
+<DATE>19-OCT-1987 08:59:16.47</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0889&#31;reute
+d f BC-TANDEM-&lt;TDM>-HAS-OPTI   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TANDEM &lt;TDM> HAS OPTICAL DISK SUBSYSTEM</TITLE>
+<DATELINE>    NEW ORLEANS, Oct 19 - </DATELINE><BODY>Tandem Computers Inc said it has
+introduced an 84-gigabyte write-once, read-many-times optical
+disk library subsystem called the 5200 Optical Storage Facility
+for use with Tandem NonStop computer systems VLX, TXP, NonStop
+II, EXT25 and EXT10.
+    The company said the facility contains two read/write disk
+drives, a formatter and an automatic changer for up to 32 disk
+cartridges, each holding 2.62 gigabytes of data.  It said the
+52oo provides an average access time of 250 milliseconds for
+data on an optical disk cartridge already mouinted and 17
+seconds when a cartridge must be changed.
+    Tandem said deliveries will start this quarter.  It said
+the 5200 is priced at 155,000 dlrs.
+    It said the software initial license fee is 5,300 dlrs and
+the monthly license fee is 100 dlrs with the NonStop VLX, TXP,
+NonStop II and EXT25 systems and the fees are 2,650 dlrs and 50
+dlrs respectively with the EXT10 system.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19963" NEWID="21473">
+<DATE>19-OCT-1987 08:56:47.50</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>south-korea</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0883&#31;reute
+u f BC-S.KOREA-CURRENT-A/C-S   10-19 0095</UNKNOWN>
+<TEXT>&#2;
+<TITLE>S.KOREA CURRENT A/C SURPLUS SEEN NEAR 10 BLN DLRS</TITLE>
+<DATELINE>    SEOUL, Oct 19 - </DATELINE><BODY>South Korea's national news agency, Yonhap,
+said this year's current account surplus will near 10 billion
+dlrs amid signs of continuing high world demand for the
+country's cheap cars and electronic goods.
+    Bank of Korea officials would neither confirm nor deny the
+Yonhap forecast, saying only that the bank would issue its own
+figures later in the week.
+    Yonhap said the January-September surplus in the current
+account, which covers trade in goods and services, totalled
+7.03 billion dlrs.
+    This already exceeds the seven billion dlr ceiling for the
+whole of 1987 that the government set in June during talks with
+the International Monetary Fund aimed at averting a too rapid
+revaluation of the won against the dollar.
+    The agency said the September surplus was 1.4 billion dlrs,
+up from 468.1 mln in August and 899 mln a year earlier.
+    "Exports in October could be relatively modest due to many
+public holidays, but by the end of this year the surplus will
+be well over nine billion dollars, close to ten," Yonhap said.
+    The sharp rise in the September surplus came from a
+resumption of export deliveries delayed by strikes the previous
+month.
+    More than 3,300 companies, including car manufacturers,
+electronic and electric firms, were hit by labour unrest
+between July and September.
+    The South Korean government originally targeted a five
+billion dlr current account surplus this year, but had to raise
+this to seven billion to reflect a startling first-half export
+boom.
+    If confirmed, the soaring 1987 current account surplus
+seemed certain to trigger tougher pressure from the United
+States which recorded a 7.4 billion dlr trade deficit with
+Seoul last year, government economists said.
+    The U.S. Government, trying to stem protectionist pressure
+at home, has called on South Korea to open more markets to
+American goods and revalue the won faster.
+    The won was fixed at 804.90 against the dollar on Monday,
+representing a 7.01 pct gain so far this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19962" NEWID="21474">
+<DATE>19-OCT-1987 08:55:53.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0881&#31;reute
+r f BC-PLY-GEM-INDUSTRIES-IN   10-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PLY GEM INDUSTRIES INC &lt;PGI> 3RD QTR NET</TITLE>
+<DATELINE>    NEW YORK, Oct 19 -
+    </DATELINE><BODY>Shr 30 cts vs 17 cts
+    Shr diluted 30 cts vs 17 cts
+    Net 3,454,000 vs 1,546,000
+    Sales 84.0 mln vs 59.2 mln
+    Avg shrs 11.6 mln vs 8,917,000
+    Avg shrs diluted 11.7 mln vs 11.2 mln
+    Nine mths
+    Shr 91 cts vs 72 cts
+    Shr diluted 90 cts vs 65 cts
+    Net 10.5 mln vs 5,959,000
+    Sales 236.7 mln vs 168.9 mln
+    Avg shrs 11.5 mln vs 8,227,000
+    Avg shrs diluted 11.6 mln vs 11.2 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19961" NEWID="21475">
+<DATE>19-OCT-1987 08:55:04.13</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>bahrain</D><D>iran</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0876&#31;reute
+b f BC-AIRCRAFT-ATTACK-IRANI   10-19 0076</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRCRAFT ATTACK IRANIAN OIL RIGS IN SOUTHERN GULF</TITLE>
+<DATELINE>    BAHRAIN, Oct 19 - </DATELINE><BODY>Unidentified jets attacked three Iranian
+oil rigs in the southern Gulf early on Monday, setting at least
+one of them ablaze, regional shipping sources said.
+    Earlier today in Washington, U.S. Television networks had
+reported that American forces launched a retaliatory strike
+against Iran late Sunday, attacking two Iranian offshore oil
+drilling platforms and setting them ablaze.
+    The shipping sources said Iran's Sassan, Rostam and Rakhsh
+offshore oilfields were attacked at 0700 local (0300 GMT) by a
+wave of jet fighter bombers. Smoke was seen spiralling up from
+the Rostam field soon after.
+    At least one of the other two targets was also believed to
+be ablaze, the sources said.
+    The Sassan and Rostam fields have been targets for Iraqi
+air strikes in the past, but Baghdad had not reported any
+southern Gulf missions prior to news of the latest attack.
+    Shipping and military sources in the region have said Iran
+used its southern Gulf rigs as bases to launch helicopter and
+later speedboat attacks on neutral ships in the waterway.
+    U.S. Officials had been meeting on a response since Friday
+when an attack on a Kuwaiti port severely damaged a
+U.S.-flagged ship. President Reagan said on Sunday he had
+already made a decision on the U.S. Response to Friday's Iran
+attack but would not say what the decision was.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19960" NEWID="21476">
+<DATE>19-OCT-1987 08:54:12.09</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0874&#31;reute
+f f BC-Leading-Belgian-share   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Leading Belgian shares 15 pct down in hectic early trading - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19959" NEWID="21477">
+<DATE>19-OCT-1987 08:52:57.44</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0868&#31;reute
+u f BC-DEUTSCHE-BANK-CHIEF-S   10-19 0115</UNKNOWN>
+<TEXT>&#2;
+<TITLE>DEUTSCHE BANK CHIEF SAYS LOUVRE PACT STILL INTACT</TITLE>
+<DATELINE>    FRANKFURT, Oct 19 - </DATELINE><BODY>Deutsche Bank AG joint chief executive
+Friedrich Wilhelm Christians said he believed the Louvre accord
+on currency stability was still intact.
+    Christians told a news conference he met U.S. Treasury
+Secretary James Baker in the last two weeks, after short term
+German interest rates had risen twice.
+    "I am sure that with 1.7720 marks the dollar is still within
+the Louvre agreement. I do not see that the accord has been
+terminated," Christians said. He was responding to questions
+about comments by Baker, who said the Louvre accord was still
+operative but criticised rises in West German interest rates.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19958" NEWID="21478">
+<DATE>19-OCT-1987 08:52:09.29</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0867&#31;reute
+f f BC-GAF-CORP-SAID-M   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>GAF CORP SAID MANAGEMENT GROUP TO RECONSIDER ACQUISITION PROPOSAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19957" NEWID="21479">
+<DATE>19-OCT-1987 08:49:29.04</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0864&#31;reute
+r f BC-EMULEX-CORP-&lt;EMLX.O>   10-19 0032</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EMULEX CORP &lt;EMLX.O> 1ST QTR SEPT 27 NET</TITLE>
+<DATELINE>    COSTA MESA, Calif., Oct 19 -
+    </DATELINE><BODY>Shr 13 cts vs 12 cts
+    Net 1,612,000 vs 1,571,000
+    Revs 28.8 mln vs 25.0 mln
+    Avg shrs 12.8 mln vs 13.3 mln
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19956" NEWID="21480">
+<DATE>19-OCT-1987 08:49:10.75</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0863&#31;reute
+r f BC-LYPHOMED-INC-&lt;LMED.O>   10-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LYPHOMED INC &lt;LMED.O> 3RD QTR NET</TITLE>
+<DATELINE>    ROSEMONT, ILL., Oct 19 -
+    </DATELINE><BODY>Shr 18 cts vs 13 cts
+    Net 5,436,000 vs 3,888,000
+    Sales 43.9 mln vs 31.5 mln
+    Avg shrs 30,145,000 vs 28,976,000
+    Nine mths
+    Shr 51 cts vs 38 cts
+    Net 15,320,000 vs 11,098,000
+    Sales 123.6 mln vs 91.2 mln
+    Avg shrs 30,157,000 vs 29,046,000
+    NOTE: Earnings adjusted for three-for-two stock split paid
+June 20, 1986
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19955" NEWID="21481">
+<DATE>19-OCT-1987 08:47:06.34</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0860&#31;reute
+r f BC-GENENTECH-&lt;GENE.O>-IN   10-19 0085</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GENENTECH &lt;GENE.O> IN IMAGING DRUG VENTURE</TITLE>
+<DATELINE>    SEATTLE, Oct 19 - </DATELINE><BODY>Privately-held NeoRx Corp said it has
+entered into an exclusive agreement with Genentech Inc for the
+development of an injectable diagnostic to image blood clots.
+    It said it Genentech will be responsible for marketing, and
+NeoRx will receive royalties based on sales.  The product will
+use a proprietary NeoRx method of attaching the radioisotope
+technetium-99m to Genentech's blood clot dissolving drug tissue
+plasminogen activator, or Activase.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19954" NEWID="21482">
+<DATE>19-OCT-1987 08:44:03.69</DATE>
+<TOPICS><D>ship</D><D>crude</D></TOPICS>
+<PLACES><D>bahrain</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f0852&#31;reute
+u f AM-GULF-RAID BULLETIN  10-19 0036</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AIRCRAFT ATTACK IRANIAN OIL RIGS IN SOUTHERN GULF</TITLE>
+<DATELINE>    BAHRAIN, Oct 19 - </DATELINE><BODY>Unidentified jets raided three Iranian
+oil rigs in the southern Gulf on Monday, setting at least one
+of them ablaze, regional shipping sources said.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19953" NEWID="21483">
+<DATE>19-OCT-1987 08:42:13.43</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>nasdaq</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0844&#31;reute
+r f BC-QUANTECH-&lt;QANT.O>-GET   10-19 0075</UNKNOWN>
+<TEXT>&#2;
+<TITLE>QUANTECH &lt;QANT.O> GETS NASDAQ EXCEPTION</TITLE>
+<DATELINE>    LEVITTOWN, N.Y., Oct 19 - </DATELINE><BODY>Quantech Electronics Corp said
+its common stock will continue to be quoted on the NASDAQ
+system due to an exception from National Association of
+Securities Dealers capital and surplus requirements, which it
+failed to meet as of August 31.
+    The company said it believes it can meet conditions imposed
+by the NASD for the exception, but there can be no assurance
+that it will do so.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19952" NEWID="21484">
+<DATE>19-OCT-1987 08:37:03.64</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V Y 
+&#22;&#22;&#1;f0817&#31;reute
+f f BC-Unidentified-jets-rai   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>SHIPPING SOURCES SAY UNIDENTIFIED JETS RAID IRANIAN OIL PLATFORMS IN SOUTHERN GULF
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19951" NEWID="21485">
+<DATE>19-OCT-1987 08:35:03.90</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0812&#31;reute
+f f BC-Unidentified-jets-rai   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Unidentified jets raid Iranian oil platforms in southern Gulf - shipping sources
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19950" NEWID="21486">
+<DATE>19-OCT-1987 08:34:27.31</DATE>
+<TOPICS><D>propane</D><D>ship</D></TOPICS>
+<PLACES><D>iraq</D><D>iran</D><D>japan</D><D>saudi-arabia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0807&#31;reute
+r f BC-SAUDI-TO-REMAIN-AS-KE   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SAUDI TO REMAIN AS KEY LPG SUPPLIER TO JAPAN</TITLE>
+<AUTHOR>    By Masaru Sato</AUTHOR>
+<DATELINE>    TOKYO, Oct 19 - </DATELINE><BODY>Saudi Arabia is likely to remain the key
+supplier of liquefied petroleum gas (LPG) to Japan for at least
+the next five years, oil industry sources said.
+    Japan, while diversifying its supply sources of propane and
+butane for stable supplies, will continue to bank on Saudi
+Arabian LPG, the sources said.
+    They said Saudi's supply capabilities of LPG, an associate
+of crude oil, is guaranteed by its crude output capacity. "Saudi
+is a reliable supplier in that sense," said one trader.
+    Japan imports about 50 pct of its LPG from Saudi Arabia.
+    No single nation could substitute for Saudi Arabia as an
+LPG supply source to Japan, the sources said.
+    "Saudi Arabia has committed itself to Japanese LPG buyers,
+which has quelled fears that LPG supplies from the Mideast Gulf
+could easily be disrupted in the wake of heightened hostilities
+in that area," said another trader.
+    Saudi Arabia cut LPG shipments to Japan and elsewhere by 20
+pct in September after a fire put a major gas plant at
+Al-Juaimah out of operation. October shipments were back to
+contractual volumes as Saudi was able to boost exports from
+other ports.
+    Attacks on Gulf shipping by Iran and Iraq centered on crude
+rather than products carriers, which has lulled fears of LPG
+supply disruptions, traders said.
+    They said an Iranian blockade of the Strait of Hormuz was
+unlikely because it would block Iran's oil shipments.
+    Industry sources said Japan's LPG imports will not greatly
+rise or fall as its domestic demand growth is estimated at a
+moderate 2.1 pct a year from 1986 through 1991.
+    Japanese term buyers of Saudi LPG are expected to lift
+slightly lower volumes from January 1987, when imports from
+Indonesia are slated to increase, the sources said.
+    The customers are unlikely to slash Saudi term purchases in
+large scale when Japan increases annual imports of Indonesian
+LPG to 1.95 mln tonnes in early 1989 from 319,000 tonnes in the
+year ended March 1987, the sources said.
+    But when demand is sluggish in summer, they will phase down
+term purchases of Saudi LPG and secure lower-priced cargoes on
+the spot market, they said.
+    Japan imports some 12 mln tonnes of LPG a year, of which
+5.3 mln tonnes are supplied by Saudi Arabia, 3.3 mln under term
+contracts and two mln through spot purchases. Some 80 pct of
+Japan's LPG imports are from the Middle East.
+    Saudi Arabia's state owned oil company Petromin has made
+some concessions on term prices to Japanese customers in the
+recent round of contract renewal talks, and it is likely the
+Japanese will accept the offer, the sources said.
+    The Japanese term customers, however, have so far been
+unsuccessful in establishing a transparent price formula to
+replace the existing unilateral monthly price notice.
+    Japanese buyers pay Saudi Arabia a price notified by
+Petromin each month. Most recently the FOB price was set at 87
+pct of the 17.52 dlrs per barrel government selling price (GSP)
+of Arabian Light.
+    Buyers reserve the right to phase down or out liftings
+should the monthly price be set at over 95 pct of Arabian
+Light's GSP.
+    Petromin has offered to lower this rate to 90 pct from the
+95 pct for contracts with Japanese customers from next January,
+the trade sources said.
+    Petromin also suggested that a seller's option of supplying
+up to 20 pct more than the contractural volume be subject to
+seller-buyer agreement.
+    Under the present contract, Petromin can automatically cut
+supplies up to 10 pct of the contractual volume.
+    "If you want to import LPG from Saudi Arabia on a profitable
+basis, you have to set the price factor at 80 to 85 pct," said
+an official at a major importer. "Freight costs are higher for
+cargoes coming from the Gulf than Southeast Asia due to a
+longer haul and war risk insurance payments."
+    Japanese customers will visit Saudi Arabia this month to
+finalise their separate contract talks, now focusing on
+contractual period and volume, which could be very similar to
+current levels, the sources said. "When we talk business, we
+would seek profitability and sometimes forget vulnerability of
+high dependence on a single supplier," said one.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19949" NEWID="21487">
+<DATE>19-OCT-1987 08:26:13.33</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0770&#31;reute
+d f BC-BECHTEL,-CONTROL-RESO   10-19 0043</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BECHTEL, CONTROL RESOURCE &lt;CRIX.O> IN VENTURE</TITLE>
+<DATELINE>    SAN FRANCISCO, Oct 19 - </DATELINE><BODY>&lt;Bechtel Corp> said it has formed a
+joint venture with Control Resource Industries Inc called
+Bechtel-Control Asbestos Management Inc to perform large-scale
+asbestos abatement projects.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19948" NEWID="21488">
+<DATE>19-OCT-1987 08:25:58.86</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0768&#31;reute
+d f BC-INTELLICORP-&lt;INAI.O>   10-19 0067</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INTELLICORP &lt;INAI.O> 1ST QTR SEPT 30 LOSS</TITLE>
+<DATELINE>    MOUNTAIN VIEW, Calif., Oct 19 -
+    </DATELINE><BODY>Shr loss nine cts vs loss 12 cts
+    Net loss 649,000 vs loss 850,000
+    Revs 5,059,000 vs 4,084,000
+    Avg shrs 7,041,000 vs 6,900,000
+    NOTE: Current year net includes charge 152,000 dlrs from
+amortization of previously capitalized software costs.
+Capitalized product development costs 276,000 dlrs vs 640,000
+dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19947" NEWID="21489">
+<DATE>19-OCT-1987 08:25:27.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0766&#31;reute
+r f BC-OWENS-AND-MINOR-INC-&lt;   10-19 0045</UNKNOWN>
+<TEXT>&#2;
+<TITLE>OWENS AND MINOR INC &lt;OBOD.O> 3RD QTR NET</TITLE>
+<DATELINE>    RICHMOND, Va., Oct 19 -
+    </DATELINE><BODY>Shr 36 cts vs 36 cts
+    Shr diluted 34 cts vs 31 cts
+    Net 1,679,000 vs 1,418,000
+    Sales 147.2 mln vs 121.5 mln
+    Avg shrs 4,608,000 vs 3,963,000
+    Avg shrs diluted 5,585,000 vs 5,463,000
+    Nine mths
+    Shr 1.04 dlrs vs 86 cts
+    Shr diluted 93 cts vs 77 cts
+    Net 4,387,000 vs 3,393,000
+    Sales 420.3 mln vs 338.7 mln
+    Avg shrs 4,233,000 vs 3,948,000
+    Avg shrs diluted 5,564,000 vs 5,468,000   
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19946" NEWID="21490">
+<DATE>19-OCT-1987 08:25:06.13</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0764&#31;reute
+u f BC-TRINOVA-CORP-&lt;TNV>-3R   10-19 0055</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRINOVA CORP &lt;TNV> 3RD QTR NET</TITLE>
+<DATELINE>    MAUMEE, Ohio, Oct 19 -
+    </DATELINE><BODY>Shr 52 cts vs 43 cts
+    Net 17.7 mln vs 14.2 mln
+    Sales 413.1 mln vs 361.6 mln
+    Avg shrs 34.3 mln vs 30.3 mln
+    Nine mths
+    Oper shr 1.58 dlrs vs 66 cts
+    Oper net 53.9 mln vs 26.7 mln
+    Sales 1.22 billion vs 1.08 billion
+    Avg shrs 33.5 mln vs 35.2 mln
+    NOTE: 1986 nine mths net includes 20.6 mln dlr provision
+for restructuring but excludes 85.0 mln dlr gain on sale of
+discontinued glass business and 1,330,000 dlr gain from
+discontinued operations.
+    Quarter orders 350.2 mln dlrs vs 296.7 mln dlrs.  Backlog
+507.6 mln dlrs vs 444.4 mln dlrs.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19945" NEWID="21491">
+<DATE>19-OCT-1987 08:22:10.28</DATE>
+<TOPICS><D>interest</D></TOPICS>
+<PLACES><D>luxembourg</D><D>belgium</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0761&#31;reute
+u f BC-LUX-FRANC-BOND-MARKET   10-19 0107</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LUX FRANC BOND MARKET STALLED BY BELGIAN CRISIS</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 19 - </DATELINE><BODY>The thriving market in Luxembourg
+franc bond issues has been temporarily stalled by the Belgian
+government crisis which has put the franc under pressure and
+forced up interest rates, banking sources said.
+    On Monday, King Baudouin accepted the resignation of
+Belgian Prime Minister Wilfried Martens' coalition and asked
+him to try to form a new government.
+    Because of the crisis, Banque Generale du Luxembourg SA
+(BGL) has delayed a public issue for one billion Luxembourg
+francs, originally scheduled for the end of last week, BGL
+director Robert Sharfe said.
+    He said the issue would probably go ahead later this week.
+    It is likely there will be an upward adjustment in interest
+rates on Luxembourg franc bond private placements, banking
+sources said. However, no new placements are scheduled for
+another 10 days.
+    The latest issue last Friday for Swedish Export Credit Corp
+(SEK) carried a coupon of 7-1/2 pct, whereas in previous issues
+the interest was set lower at 7-3/8 pct.
+    Interest rates on the Luxembourg franc, which is in parity
+with the Belgian franc, are strongly affected by Belgian rates.
+    On Friday, Belgium increased the rate on three-month
+Treasury certificates by 0.5 pct to 7.15 pct as the Belgian
+franc came under pressure.
+    Private placements in Luxembourg francs have become
+increasingly popular, particularly with Scandivanian borrowers,
+because they carry a relatively low interest rate.
+    Private investors also have flocked to buy Luxembourg franc
+bond issues because the franc was seen as a fairly strong
+currency.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19944" NEWID="21492">
+<DATE>19-OCT-1987 08:21:26.28</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0759&#31;reute
+b f AM-GULF-REPORTSN   10-19 0042</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NBC NEWS SAYS U.S. HAS RETALIATED AGAINST IRAN</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>U.S. television networks said on
+Monday that U.S. forces launched a retaliatory strike against
+Iran late Sunday, apparently attacking two Iranian offshore oil
+drilling platforms.
+    NBC News said it understood six Iranians had been pulled
+from the sea.
+    It said cautiously that U.S. forces attacked late Sunday
+and that two Iranian oil platforms east of Bahrain were ablaze
+as a result, but CBS News and other networks said flatly that
+U.S. forces attacked the Iranian oil platforms.
+    U.S. officials had been meeting on a response since Friday
+when an attack on a Kuwaiti port severely damaged a
+U.S.-flagged ship.
+    President Reagan said on Sunday he had already made a
+decision on the U.S. response to Friday's Iran attack but would
+not say what the decision was.
+    Defense Secretary Caspar Weinberger said on Saturday the
+attack on a U.S.-flagged ship in Kuwaiti waters on Friday was
+almost certainly by an Iran Silkworm missile.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19943" NEWID="21493">
+<DATE>19-OCT-1987 08:20:05.62</DATE>
+<TOPICS><D>grain</D><D>corn</D><D>sugar</D><D>rubber</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G T 
+&#22;&#22;&#1;f0756&#31;reute
+r f BC-THAI-TRADERS-PLAN-MAI   10-19 0117</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI TRADERS PLAN MAIZE FUTURES MARKET</TITLE>
+<DATELINE>    BANGKOK, Oct 19 - </DATELINE><BODY>Thai traders plan to establish a company
+to regulate maize forward trading, in what could be a first
+step towards a commodities futures exchange, maize dealers
+said.
+    Traders and Internal Trade Department officials agreed last
+week to commission a study on a structure to regulate maize
+forward trading and to set up a company, Thailand Commodity
+Exchange Co Ltd, with 30 businesses as shareholders who will
+act as brokers in the futures market.
+    Chanthong Pattamapong, a commodities trader asked to to
+draw up the study, said if the maize futures market succeeds it
+may be extended to other commodities, perhaps sugar and rubber.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19942" NEWID="21494">
+<DATE>19-OCT-1987 08:17:50.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0751&#31;reute
+f f AM-GULF-REPORTSN   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>U.S. TELELVISION NETWORKS SAY THE U.S. LAUNCHED A STRIKE AGAINST IRAN
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19941" NEWID="21495">
+<DATE>19-OCT-1987 08:10:24.60</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0738&#31;reute
+f f BC-TRINOVA-CORP-3R   10-19 0007</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>TRINOVA CORP 3RD QTR SHR 52 CTS VS 43 CTS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19940" NEWID="21496">
+<DATE>19-OCT-1987 08:04:50.36</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>dmk</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0706&#31;reute
+f f BC-   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank buys 11.7 mln dlrs as dollar fixed lower at 1.7740 marks
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19939" NEWID="21497">
+<DATE>19-OCT-1987 08:04:47.58</DATE>
+<TOPICS><D>oilseed</D><D>veg-oil</D></TOPICS>
+<PLACES><D>india</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0705&#31;reute
+u f BC-INDIAN-RESERVE-BANK-T   10-19 0088</UNKNOWN>
+<TEXT>&#2;
+<TITLE>INDIAN RESERVE BANK TIGHTENS CREDIT POLICY</TITLE>
+<DATELINE>    BOMBAY, Oct 19 - </DATELINE><BODY>The Reserve Bank of India said it was
+tightening its credit policy for commercial banks by raising
+their cash reserve ratio by 0.5 pct to 10 pct, effective from
+October 24.
+    The move, announced last weekend, is part of the bank's
+policy for the second half of fiscal 1987/88 ending March and
+is aimed at curbing excess bank liquidity.
+    The central bank also put selective controls on bank
+advances to the oilseeds, vegetable oils and foodgrains trades.
+    "The policy's main objective is to fully meet the credit
+requirements of agriculture, industry and exports, while
+preventing excessive monetary expansion," bank Governor R.N.
+Malhotra told an earlier meeting of chief executives of banks.
+    Malhotra said the rate of monetary expansion must be kept
+under control in the second half of the current financial year.
+    Bank deposits rose 75.40 billion rupees in the first six
+months of fiscal 1987/88 against 66.92 billion in the same
+period last year, according to the bank.
+    Bankers said the bank's move to raise the cash reserve
+ratio by 0.5 pct will mean impounding about five billion rupees
+from the banking system. Banks' total deposits are estimated at
+around 1,000 billion rupees.
+    They said banks are under pressure because of low returns
+on commercial lending and investments in government securities.
+    "Already many banks are finding it difficult to maintain
+their statutory liquidity and cash reserve ratios and are
+resorting to heavy inter-bank borrowings," said one banker.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19938" NEWID="21498">
+<DATE>19-OCT-1987 08:03:15.27</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0698&#31;reute
+w f BC-MALAYSIAN-POLICE-DENY   10-19 0098</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MALAYSIAN POLICE DENY RACE RIOT RUMOURS</TITLE>
+<DATELINE>    KUALA LUMPUR, Oct 19 - </DATELINE><BODY>Malaysian police denied rumours of
+race riots in Kuala Lumpur after an armed man killed one person
+and injured two others in an attack on two petrol stations in a
+racially-sensitive area of the city.
+    A police statement broadcast over official Radio Malaysia
+called on the public not to listen to the rumours and go about
+their normal business.
+    "Everything is under control. It's only a small matter and
+there is no cause for alarm," a police spokesman told Reuters
+after confirming the shooting on Sunday night.
+
+    However, rumours that riots had broken out hit the stock
+market and shares on the Kuala Lumpur Stock Exchange fell
+across the board in heavy nervous selling when the market
+opened this morning, brokers said.
+    Police said they cordoned off the district of Chow Kit and
+set up road blocks from midnight after the man, armed with a
+rifle, killed one Malay and injured another Malay and a
+Chinese. He set fire to one of the petrol stations.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19937" NEWID="21499">
+<DATE>19-OCT-1987 08:01:51.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0689&#31;reute
+f f BC-French-bourse-main-se   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> French bourse main session 7.25 pct down in early trading - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19936" NEWID="21500">
+<DATE>19-OCT-1987 07:57:00.04</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0683&#31;reute
+b f BC-PUMA-FIRST-HALF-LOSS   10-19 0092</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PUMA FIRST-HALF LOSS ABOUT 14 MLN MARKS</TITLE>
+<DATELINE>    MUNICH, Oct 19 - </DATELINE><BODY>Puma AG Rudolf Dassler Sport &lt;PUMA.F> said
+it posted a 1987 first-half group loss of about 14 mln marks,
+of which the largest portion was in the U.S.
+    Managing board chairman Armin Dassler told the annual
+shareholders' meeting parent company turnover was expected to
+fall to 650 mln marks over the whole year from 698.4 mln in
+1986.
+    No comparative figure for 1986 first half group loss was
+available. In the whole of 1986 Puma posted a group
+consolidated loss of 41.05 mln marks.
+    Dassler said Puma hoped to improve performance in the U.S.
+This year, where heavy losses were mainly responsible for the
+1986 deficit.
+    He said Puma expected to post a group loss in the second
+half of this year but the shortfall would be lower than in the
+first half. The same applied to expected parent company losses,
+he added.
+    Dassler said Puma had taken measures to improve future
+performance.
+    Dassler said the measures included changing Puma's  
+product range, closing down some unprofitable factories in West
+Germany and France and introducing general cost-cutting.
+    He said Puma hoped to break even in 1988 in the U.S., Its
+most important export market.
+    Dassler said a personal payment he would make to
+shareholders instead of a 1986 dividend was a goodwill gesture
+which would not be repeated.
+    Dassler said the payment to holders of Puma's 280,000
+non-voting preference shares would amount to about 1.2 mln
+marks, or 4.50 marks per share.
+    Armin Dassler and his brother Gerd hold all of Puma's
+720,000 ordinary voting shares. They offered the preference
+shares to the public in July last year.
+    Dassler said shareholders would benefit if Puma improved
+performance next year. He did not elaborate.
+    Dassler said he and his brother were planning to leave the
+managing board and join the supervisory board.
+    He said he was leaving for health reasons and because he
+wanted to make way for a new chairman from outside the company.
+His successor has not been made known yet.
+    Dassler said today's meeting was expected to approve
+Manfred Emcke as Puma's new supervisory board chairman,
+replacing Vinzenz Grothgar.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19935" NEWID="21501">
+<DATE>19-OCT-1987 07:55:51.33</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V RM 
+&#22;&#22;&#1;f0678&#31;reute
+u f BC-PENTAGON-HAS-NO-INFOR   10-19 0089</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PENTAGON HAS NO INFORMATION ON IRAN ATTACK RUMORS</TITLE>
+<DATELINE>    WASHINGTON, Oct 19 - </DATELINE><BODY>A U.S. Defense Department spokesman
+said he had no information on London oil and stock market
+rumors that the United States had launched a retaliatory strike
+against Iran for an attack on Friday that damaged a U.S. shi
+    "I don't have anything," Major Randy Morger said. "I have no
+information at all."
+    President Reagan said on Sunday he had already made a
+decision on the U.S. response to Friday's Iran attack but would
+not say what the decision was.
+    Defense Secretary Caspar Weinberger said on Saturday the
+attack on a U.S.-flagged ship in Kuwaiti waters on Friday was
+almost certainly by an Iran Silkworm missile.
+    Some of the rumors in the London markets were that the
+United States had launched an offshore strike against Iranian
+missile installations.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19934" NEWID="21502">
+<DATE>19-OCT-1987 07:54:36.82</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>yemen-demo-republic</D><D>cyprus</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0672&#31;reute
+u f BC-SOUTH-YEMEN-PLANS-OIL   10-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOUTH YEMEN PLANS OIL EXPORT PIPELINE - MEES</TITLE>
+<DATELINE>    NICOSIA, Oct 19 - </DATELINE><BODY>South Yemen is planning a major oil
+pipeline system to be completed in 18-months time to start
+exports at a initial rate of 100,000 barrels per day, (bpd) the
+Middle East Economic Survey (MEES) said.
+    MEES said government approval for the export pipeline
+followed a visit to Aden by a high ranking delegation from the
+Soviet Union, which will help South Yemen construct the line
+    The engineering studies for the pipeline are nearly
+finished and construction is expected to start early next year,
+the industry newsletter said.
+    The pipeline will run about 170-200 kms (105-125 miles)
+from Shabwa oilfields to a coastal terminal at Bir 'Ali on the
+Gulf of Aden, MEES said.
+     MEES said the Soviet firm Technoexport, which is
+developing oilfileds for South Yemen, has substantially
+increased its initial reserve estimates and recommended a
+pipeline with an eventual 500,000 bpd capacity.
+    The discovery of commercial quaotities of oil was confirmed
+by Technoexport earlier this year in three structures in the
+Shabwa region in the Northwestern part of the country, 200 kms
+east of North Yemen's Alif oilfield.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19933" NEWID="21503">
+<DATE>19-OCT-1987 07:47:05.18</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>usa</D><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0654&#31;reute
+u f BC-TRAFALGAR-HOUSE-BUYS   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TRAFALGAR HOUSE BUYS U.S. BUILDER FOR 20 MLN DLRS</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>Trafalgar House Plc &lt;TRAF.L> said it has
+acquired the entire share capital of &lt;Capital Homes Inc> of the
+U.S. For 20 mln dlrs in cash.
+    Capital Homes builds single family homes in the Washington
+D.C. Area and is also active as a land developer both for its
+own use and for sale to other builders.
+    In the financial year to end February, 1987, Capital
+recorded pre-tax profits of 3.7 mln dlrs on a turnover of 58
+mln dlrs from the sale of 421 homes. Capital has a land bank of
+some 2,600 units and in the current year the company expects to
+sell 500 homes, Trafalgar House said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19932" NEWID="21504">
+<DATE>19-OCT-1987 07:43:24.90</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0639&#31;reute
+b f BC-SPRINT-II-ISSUES-35-M   10-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SPRINT II ISSUES 35 MLN DLR REPACKAGED FLOATER</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>Sprint II, a special purpose corporation
+based in the Cayman Islands, is issuing 35 mln dlrs of floating
+rate bonds due November 6, 1992 and priced at 100.10, said Fuji
+International finance Ltd as lead manager.
+    The bonds are backed by a pool of 48.7 mln dlrs of Japanese
+ex-warrant bonds. The bonds are priced to yield 20 basis points
+over the six month London Interbank Offered Rate. They are
+available in denominations of 100,000 dlrs and are payable on
+November 6. There is a seven basis point management and
+underwriting fee, an eight basis point selling concession and a
+two basis point praecipuum.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19931" NEWID="21505">
+<DATE>19-OCT-1987 07:37:01.78</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0617&#31;reute
+f f BC-French-main-session-b   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> French main session bourse opening delayed 15 minutes by order volume - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19930" NEWID="21506">
+<DATE>19-OCT-1987 07:31:26.17</DATE>
+<TOPICS><D>crude</D><D>ship</D></TOPICS>
+<PLACES><D>kuwait</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0601&#31;reute
+u f BC-KUWAITI-OIL-EXPORTS-S   10-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>KUWAITI OIL EXPORTS SAID NOT AFFECTED BY GULF WAR</TITLE>
+<DATELINE>    KUWAIT, Oct 19 - </DATELINE><BODY>Kuwait's oil exports have not been
+affected by the seven-year Iran-Iraq war, Kuwait Oil Tanker
+Company (KOTC) Chairman and Managing Director Abdul Fattah
+al-Bader told a Kuwaiti newspaper.
+    "Kuwait has exploited all available opportunities to
+continue exporting its oil without any reduction," the Al-Anbaa
+newspaper quoted him as saying.
+    He said KOTC made profits of more than two mln dinars
+(seven mln dlrs) in the fiscal year ending last June, but
+predicted lower profits this year due to higher costs for
+chartering and operating vessels.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19929" NEWID="21507">
+<DATE>19-OCT-1987 07:30:11.26</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0595&#31;reute
+d f BC-TOYOTA,-VW-CONSIDER-U   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOYOTA, VW CONSIDER UPPING JOINT PROCUREMENT RATE</TITLE>
+<DATELINE>    TOKYO, Oct 19 - </DATELINE><BODY>Toyota Motor Corp &lt;TOYO.T> and Volkswagen
+AG &lt;VOWG.F> are considering raising the local procurement rate
+at their West German joint venture to at least 60 pct from an
+earlier planned 50 pct after one year's output, a Toyota
+spokesman said.
+    The two carmakers agreed last June to start jointly
+producing a Toyota-designed light truck at VW's Hanover plant
+from early 1989 at a rate of 7,000 to 8,000 the first year,
+rising to 15,000 from 1990.
+    They may equip the light truck with a Volkswagen-made
+engine to reach a local procurement rate of 60 pct, he said.
+
+    The two companies need to raise the value of locally
+procured parts to 60 pct to avoid tariffs when they export to
+other European markets, industry sources said.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19928" NEWID="21508">
+<DATE>19-OCT-1987 07:25:22.85</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>west-germany</D></PLACES>
+<PEOPLE><D>poehl</D><D>stoltenberg</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0574&#31;reute
+u f BC-GERMAN-FINANCIAL-POLI   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>GERMAN FINANCIAL POLICY MAKERS IN RARE DISSENSION</TITLE>
+<AUTHOR>    By Jonathan Lynn</AUTHOR>
+<DATELINE>    FRANKFURT, Oct 19 - </DATELINE><BODY>Karl Otto Poehl, head of West Germany's
+central bank, and Finance Minister Gerhard Stoltenberg are
+normally so much in agreement that some foreigners doubt the
+central bank's independence.
+    But a rare public row between the ebullient Poehl,
+president of the Bundesbank, and Stoltenberg, over a
+controversial investment tax proposal, has added to the woes of
+the country's already nervous financial markets, bankers said.
+    Poehl told an investment symposium in Frankfurt last
+Thursday he feared the tax would raise borrowing costs and
+interest rates
+    Stoltenberg quickly issued a statement rebutting Poehl's
+criticism, saying West Germany would remain an attractive place
+for foreign investors.
+    "The obvious lack of coordination between the Bundesbank and
+Finance Ministry does not instil confidence in foreign
+investors," said one economist for a London broker, who asked
+not to be identified.
+    Bankers here expressed confidence the two top financial
+policy-makers would quickly patch up their relationship to
+steer the economy through a particularly difficult time.
+    "There are plenty of objective pressures which will result
+in things getting back to normal again after a period of ill
+feeling," said Commerzbank AG chief economist Juergen Pfister.
+    News on October 9 that the government was planning a 10 pct
+withholding tax wiped billions of marks off shares and bonds in
+a market already reeling from rising interest rates at home and
+abroad.
+    Bankers said the Bundesbank was angered by the way the
+finance ministry announced the plan -- without consulting the
+Bundesbank adequately, and allowing apparently conflicting
+details to dribble out into an unprepared and uncertain market.
+    Both Poehl, 57, and Stoltenberg, 59, have been under
+extraordinary pressures lately.
+    Poehl has had to switch to the hard line promoted by his
+deputy, Helmut Schlesinger, jacking up interest rates to fight
+inflationary fears and abandoning the pragmatic policies he had
+pursued so far this year to promote currency stability.
+    In recent statements Poehl has sounded more like
+Schlesinger. For years the softly-spoken economist has been
+warning in speech after speech that excessive money supply
+growth would eventually lead to rising prices.
+    Schlesinger now has a majority of support in the Bundesbank
+council, and since late summer Poehl has had to represent his
+views, bankers said.
+    "Poehl is in a minority in his own house," said Commerzbank's
+Pfister.
+    "Poehl is in a dilemma. He must follow a policy that is not
+entirely his own," said another economist.
+    The dilemma is that if German interest rates rise too far,
+they will attract funds into the country, pushing up the mark
+and hurting West German exporters.
+    The dollar has now shed some seven pfennigs since the
+Bundesbank's new tack became clear in early October.
+    Since last Thursday, United States Treasury Secretary James
+Baker has criticized the Bundesbank rate increases.
+    Bankers said this could foreshadow a revival of the 1986
+war of words between the U.S. And West Germany, in which U.S.
+Officials talked down the dollar to force West Germany to
+stimulate its economy and thus suck in more U.S. Exports.
+    One way West Germany agreed to do this was making a round
+of tax cuts worth 39 billion marks from 1990.
+    But financing these tax cuts has proved more difficult for
+Stoltenberg than he had bargained for.
+    The cool, unflappable northerner, who was regularly voted
+most popular government politician last year, had to face
+resistance from local barons in the government coalition
+parties and from trade unions to his planned subsidy cuts.
+    The withholding tax was intended to plug one gap by raising
+4.3 billion marks.
+    But it has caused an outcry among bankers, who say it will
+push up borrowing costs. The extra amount this costs the
+government could wipe out the revenue the tax brings in.
+    Meanwhile Stoltenberg is dealing with a local political row
+which has turned into the country's worst political scandal.
+    Stoltenberg had to leave monetary talks in Washington last
+month early to sort out a row in the northern state of
+Schleswig-Holstein, where he heads the ruling CDU party.
+    The state's CDU premier, Uwe Barschel, had to resign after
+allegations of a "dirty tricks" election campaign led to heavy
+losses for the CDU in state elections.
+    Barschel was found dead in a hotel bath in Geneva last
+weekend. Police say the death appears to have been suicide.
+    Cooperation between Poehl and Stoltenberg is all the more
+remarkable as Poehl is in the opposition Social Democrats, and
+was appointed by former chancellor Helmut Schmidt.
+    When Poehl's contract came up for renewal earlier this
+year, Chancellor Helmut Kohl's CDU-led coalition government
+gave Poehl another eight-year term.
+    Werner Chrobok, managing partner at Bethmann Bank, said he
+hoped the two men would soon be of one opinion again.
+    But when Poehl criticized Stoltenberg's tax plans he was
+not only voicing what many bankers felt but demonstrating the
+Bundesbank's independence of government, Chrobok said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19927" NEWID="21509">
+<DATE>19-OCT-1987 07:24:56.01</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0572&#31;reute
+d f BC-FLETCHER-CHALLENGE-SE   10-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FLETCHER CHALLENGE SETS PRICE FOR BONUS SHARES</TITLE>
+<DATELINE>    WELLINGTON, Oct 19 - </DATELINE><BODY>Fletcher Challenge Ltd &lt;FLTC.WE> (FCL)
+announced a striking price of 5.89 N.Z. Dlrs a share for
+shareholders who have elected to receive bonus shares under its
+dividend reinvestment plan.
+    It said in a statement the price was determined by taking
+90 pct of the weighted average prices of ordinary shares sold
+on the New Zealand Stock Exchange between October 12 and 19.
+    FCL shares were quoted from Monday as ex-dividend and
+closed at 6.10 dlrs.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19926" NEWID="21510">
+<DATE>19-OCT-1987 07:24:26.16</DATE>
+<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
+<PLACES><D>venezuela</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0570&#31;reute
+r f BC-PAPERS-SAY-VENEZUELAN   10-19 0082</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PAPERS SAY VENEZUELAN CENTRAL BANK CHIEF TO RESIGN</TITLE>
+<DATELINE>    CARACAS, Oct 18 - </DATELINE><BODY>Venezuelan Central Bank President Hernan
+Anzola has submitted his resignation and asked President Jaime
+Lusinchi to transfer him to a post in the oil industry, two
+leading Venezuelan newspapers reported.
+    The El Universal and El Nacional papers said Anzola would
+leave his position soon. Lusinchi already has decided on his
+successor, the El Nacional reported.
+    Central Bank officials were not available for comment.
+
+    Banking sources said Anzola differed with the Finance
+Ministry over economic policy, particularly over the direction
+of interest rates. He favoured raising the rates, which are
+currently well below the annual inflation rate of 33.2 pct.
+    But the sources said he ran into opposition from Finance
+Ministry and government officials who thought an interest
+increase would fuel inflation.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19925" NEWID="21511">
+<DATE>19-OCT-1987 07:20:44.69</DATE>
+<TOPICS><D>interest</D><D>money-fx</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0560&#31;reute
+f f BC-Bundesbank-adds-money   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Bundesbank adds money market liquidity at 3.70-3.80 pct -dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19924" NEWID="21512">
+<DATE>19-OCT-1987 07:20:42.85</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>france</D><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>balladur</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;A 
+&#22;&#22;&#1;f0559&#31;reute
+r f BC-BALLADUR-INSISTS-ON-M   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR INSISTS ON MAINTENANCE OF LOUVRE ACCORDS</TITLE>
+<DATELINE>    PARIS, Oct 19 - </DATELINE><BODY>French Finance Minister Edouard Balladur
+issued a firm call for the continued faithful application of
+the Louvre accords on currency stability by all major
+industrial countries.
+    Balladur, responding to weekend remarks by U.S. Treasury
+Secretary James Baker that the U.S. Would take another look at
+the accords, said "I firmly desire a faithfull and firm
+adherence by all the major industrial countries to the Louvre
+accords -- in both their letter and spirit."
+    On Sunday, Baker said last week's rise in short-term West
+German interest rates was not in keeping with the accords.
+
+    The Louvre accords, agreed in Paris last February, called
+for stability among the major currencies after a prolonged
+dollar slide.
+    The accords were reaffirmed by the Group of Seven Finance
+Ministers in Washington last month.
+    But Baker said at the weekend that the West German rate
+rise was "not in keeping with the spirit of what we agreed to."
+    "What I'm really saying is that they should not expect us to
+simply sit back here and accept increased tightening on their
+part on the assumption that somehow we are going to follow
+them," he added.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19923" NEWID="21513">
+<DATE>19-OCT-1987 07:18:19.65</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;E F 
+&#22;&#22;&#1;f0557&#31;reute
+r f BC-HYUNDAI-AUTO-CANADA-T   10-19 0074</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HYUNDAI AUTO CANADA TO RAISE 100 MLN DLR LOAN</TITLE>
+<DATELINE>    HONG KONG, Oct 19 - </DATELINE><BODY>&lt;Hyundai Auto Canada Inc>, a unit of
+South Korea's Hyundai Motor Co &lt;HYUN.SE>, is expected to award
+Chemical Asia Ltd a mandate later this week to arrange a 100
+mln U.S. Dlr loan, banking sources said.
+    The nine-year loan will carry interest of 1/4 point over
+the London interbank offered rate. No other details were
+available.
+    A Chemical spokesman declined comment.
+
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19922" NEWID="21514">
+<DATE>19-OCT-1987 07:17:27.87</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>belgium</D></PLACES>
+<PEOPLE><D>martens</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;V 
+&#22;&#22;&#1;f0551&#31;reute
+u f BC-BELGIAN-KING-SEEN-ACC   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BELGIAN KING SEEN ACCEPTING GOVERNMENT RESIGNATION</TITLE>
+<DATELINE>    BRUSSELS, Oct 19 - </DATELINE><BODY>King Baudouin is expected to accept the
+resignation of Belgian Prime Minister Wilfried Martens's
+centre-right coalition government after last-ditch talks failed
+to solve a language row, state-run RTBF radio said.
+    The King could ask Martens or another political leader to
+put together a new government or to form a caretaker
+administration with elections at the end of November or in
+early December.
+    The King has so far withheld a decision on whether to
+accept the resignation last Thursday of Martens's coalition of
+Dutch and French speaking parties over the linguistic conflict.
+
+    Martens has used the breathing space to try to put together
+a compromise solution but RTBF and the Belgian news agency
+Belga said leading ministers ended their talks early on Monday
+morning without agreement.
+    "The resignation of the government will no doubt be accepted
+by the King in the near future," RTBF said.
+    The King has no formal deadline for announcing his decision
+but has been widely expected to do so on Monday.
+
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19921" NEWID="21515">
+<DATE>19-OCT-1987 07:16:19.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0549&#31;reute
+u f BC-WILLIAMS-HOLDINGS-SEE   10-19 0102</UNKNOWN>
+<TEXT>&#2;
+<TITLE>WILLIAMS HOLDINGS SEEKS MULTIPLE FACILITY</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>&lt;Williams Holdings Plc> said it has
+mandated Barclays de Zoete Wedd Ltd to arrange a 100 mln stg
+multiple option facility on a committed basis.
+    The facility will be fully underwritten and have a maturity
+of five years, which can be extended by the borrower under an
+evergreen option.
+    The facility will also include a tender panel for short
+term sterling acceptances or multi-currency cash advances.
+    Drawings under the committed standby will be at a margin of
+0.10 pct per annum and banks will receive an underwriting fee
+of 0.0625 pct.
+    The facility will have a utilisation fee of 0.025 pct if
+more than 25 pct is drawn.
+    Banks are being invited to join the facility at 10 mln stg
+for 0.05 pct and at five mln stg for 0.04 pct. There will be a
+renewal fee of 0.01 pct under the evergreen option.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19920" NEWID="21516">
+<DATE>19-OCT-1987 07:15:42.79</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0547&#31;reute
+u f BC-MAIN-UGANDA-KENYA-ROA   10-19 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>MAIN UGANDA-KENYA ROAD REOPENS AS REBELS DISPERSE</TITLE>
+<DATELINE>    KAMPALA, Oct 19 - </DATELINE><BODY>The main road between Kampala and the
+Kenya border, Uganda's most important trade artery, reopened to
+civilian traffic on Saturday after rebels who closed it on
+Friday disappeared back into the bush, travellers said.
+    The government's National Resistance Army (NRA) closed the
+road on Friday after the rebel Holy Spirit Movement of
+priestess Alice Lakwena reached a village on the road, said.
+But by the time NRA reinforcements arrived the rebels had
+disappeared into thick forest. The road and a parallel railway
+line, which closed last weekend, carry 90 pct of Uganda's
+foreign trade to the Kenyan port of Mombasa.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19919" NEWID="21517">
+<DATE>19-OCT-1987 07:15:31.90</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>cyprus</D><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0546&#31;reute
+b f BC-IRAN-WARNS-U.S.-AGAIN   10-19 0068</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN WARNS U.S. AGAINST RAISING TENSION IN GULF</TITLE>
+<DATELINE>    NICOSIA, Oct 19 - </DATELINE><BODY>Iran warned the United States on Monday
+against exacerbating the Gulf crisis, saying it would endanger
+American interests.
+    Tehran Radio, monitored by the British Broadcasting
+Corporation, said a spokesman for Iran's War Information
+Headquarters was responding "to U.S. Officials' remarks about
+taking military action against Iran."
+    The radio also quoted an Iranian Foreign Ministry spokesman
+as saying Iran would respond decisively to any aggressive
+measure by the United States.
+    The radio said the spokesman made the statement "following
+the attack on a Kuwaiti ship under the U.S. Flag and comments
+by American officials on carrying out retaliatory action
+against Iran."
+    The spokesman said, "Any U.S. Military aggression against
+Iran will certainly be the beginning of an extensive clash in
+the Persian Gulf, and amidst this our principled policy is to
+confront any act which escalates tension."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19918" NEWID="21518">
+<DATE>19-OCT-1987 07:07:22.58</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>fse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0536&#31;reute
+f f BC-Leading-German-shares   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE> Leading German shares open roughly eight pct lower on Frankfurt bourse - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19917" NEWID="21519">
+<DATE>19-OCT-1987 06:58:33.34</DATE>
+<TOPICS><D>bop</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0512&#31;reute
+u f BC-NORWAY'S-CURRENT-ACCO   10-19 0071</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORWAY'S CURRENT ACCOUNT IN DEFICIT</TITLE>
+<DATELINE>    OSLO, Oct 19 - </DATELINE><BODY>Norway's current account showed a 9.9
+billion crown deficit for the first seven months of 1987,
+against a 19.7 billion crown deficit for the same year-ago
+period, the Central Bureau of Statistics said.
+    North Sea oil and gas revenues rose 3.4 pct to 32.6 billion
+crowns in the January to July period compared with 31.5 billion
+in the first seven months of 1986. REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19916" NEWID="21520">
+<DATE>19-OCT-1987 06:55:59.97</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0511&#31;reute
+f f BC-Paribas-shares-slump   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Paribas shares slump 12 pct to 363.30 francs on Paris bourse - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19915" NEWID="21521">
+<DATE>19-OCT-1987 06:55:06.78</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0509&#31;reute
+b f BC-BONN-MINISTRY-HAS-NO   10-19 0109</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BONN MINISTRY HAS NO COMMENT ON BAKER REMARKS</TITLE>
+<DATELINE>    BONN, Oct 19 - </DATELINE><BODY>The West German Finance Ministry declined to
+comment on weekend criticism by U.S. Treasury Secretary James
+Baker of recent West German interest rate increases.
+    Baker said the U.S. Would re-examine the February Louvre
+Accord to stabilise currencies reached by leading industrial
+democracies. The rise in West Germany short term interest rates
+was not in the spirit of an agreement by these nations in
+Washington, which reaffirmed the Louvre pact, he said.
+    A Finance Ministry spokesman, asked for an official
+ministry reaction to Baker's remarks, said he could make no
+comment.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19914" NEWID="21522">
+<DATE>19-OCT-1987 06:54:39.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>singapore</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0508&#31;reute
+u f BC-SINGAPORE'S-RAFFLES-C   10-19 0080</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SINGAPORE'S RAFFLES CITY SIGNS 500 MLN DLR NIF</TITLE>
+<DATELINE>    SINGAPORE, Oct 19 - </DATELINE><BODY>&lt;Raffles City Pte Ltd> said it signed a
+10 year note issuance facility (NIF) on Monday to raise 500 mln
+Singapore dlrs.
+    Proceeds of the issue would enable Raffles City to tap
+cheaper funds from the market to refinance its existing
+borrowings, a press statement said.
+    The NIF is lead managed by two major local banks, the
+Development Bank Of Singapore Ltd and the Overseas Chinese
+Banking Corp.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19913" NEWID="21523">
+<DATE>19-OCT-1987 06:54:34.09</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0507&#31;reute
+r f BC-ANIMAL-FEED-SHIP-ON-F   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ANIMAL FEED SHIP ON FIRE AGAIN AT CHINESE PORT</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>The Cyprus vessel Fearless, 31,841 tonnes
+dw, which was on fire, grounded then towed to Yantai, China, in
+August, had all its cargo reloaded but the cargo in the no. 3
+hold caught fire on October 15.
+    The fire was put out with salt water and water from the
+no.4 hold has spread over most of the cargo. Some water is also
+in the no.5 hold. Bottom patching was reported complete but
+only the no.4 starboard wing tank has been pumped out and
+remains dry. The engine room is flooded to about three metres.
+    The ship was originally loaded with 10,000 tonnes of animal
+feed.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19912" NEWID="21524">
+<DATE>19-OCT-1987 06:54:18.53</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>finland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0505&#31;reute
+u f BC-FINNISH-STATE-LAUNCHE   10-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FINNISH STATE LAUNCHES BONDS FOR BILLION MARKKA</TITLE>
+<DATELINE>    HELSINKI, Oct 19 - </DATELINE><BODY>The Finnish State launched two bonds
+totalling one billion markka with loan periods of 10 years and
+five years and annual interest rates of 7.75 and 7.25 pct
+respectively.
+    The bonds sell concurrently until the total is reached and
+nominal values are 25,000 markka, 10,000 markka, 5,000 markka
+and 1,000 markka, the Finance Ministry said.
+    It was decided with the banks the rates should be 0.25 pct
+less than the eight and 7.5 pct rates respectively of 10-year
+and five-year bonds launched by the State on August 17, a
+Ministry statement said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19911" NEWID="21525">
+<DATE>19-OCT-1987 06:52:50.08</DATE>
+<TOPICS><D>gnp</D><D>jobs</D><D>bop</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0498&#31;reute
+u f BC-HIGHER-SPENDING-EXPEC   10-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>HIGHER SPENDING EXPECTED IN MALAYSIA'S 1988 BUDGET</TITLE>
+<AUTHOR>    By Ho Wah Foon</AUTHOR>
+<DATELINE>    KUALA LUMPUR, Oct 19 - </DATELINE><BODY>Malaysia's recovery from the worst
+recession in 20 years should receive a boost on Friday when the
+government announces a reflationary budget for calendar 1988
+after seven years of austerity, economists said.
+    "Our country is walking on one leg now," said Ismail Salleh,
+an economist with the Institute of Strategic and International
+Studies. "It has to depend on public sector investment for
+faster growth if the private sector is not moving."
+    Gross domestic product grew one pct in 1986 after shrinking
+one pct in 1985. The fiscal year ends December 31.
+    The government has said it expects 1987 growth to be under
+two pct but some analysts believe it will be nearer three pct
+because prices for commodity exports have risen sharply.
+Malaysia is a leading exporter of rubber, palm oil, tin and
+semiconductors and a major producer of cocoa, timber and oil.
+    The government slashed development spending to 9.8 billion
+ringgit this year from 14.5 billion in 1986.
+    Economists said unemployment is expected to exceed 10 pct
+in 1988 against about 9.5 pct this year.
+    Local investment also has stagnated, with businessmen
+blaming inconsistent economic policies and lack of incentives.
+    One businessman said too many politicians give the
+impression that Malaysia was unstable.
+    "If we can take care of investment confidence, the potential
+to recover strongly is great," a banker said.
+    Malaysia's 1987 current account is expected to be in the
+black with the Central Bank projecting a 500 mln ringgit
+surplus compared with last year's 1.2 billion ringgit deficit.
+    The government has said its fiscal policies will balance
+the budget by 1989. The deficit in 1986 was 952 mln ringgit.
+    The government will also repay some of its external debt,
+which stood at 51 billion ringgit at the end of 1986.
+    Political leaders have said the budget will not hurt
+ordinary people as taxes on basic food and other essential
+goods are unlikely to change.
+    Businessmen said they hope the government also will cut the
+corporate tax, now between 45 and 48 pct, to enable Malaysia to
+compete for investors with neighbouring states.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19910" NEWID="21526">
+<DATE>19-OCT-1987 06:51:30.20</DATE>
+<TOPICS><D>alum</D><D>ship</D></TOPICS>
+<PLACES><D>uk</D><D>cuba</D><D>brazil</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;M 
+&#22;&#22;&#1;f0494&#31;reute
+r f BC-BRITISH-BAUXITE-VESSE   10-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BRITISH BAUXITE VESSEL GROUNDED IN ORINOCO RIVER</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>Lloyds Shipping Intelligence service said
+the British bulk carrier Envoy, 75,453 tonnes dw, was grounded
+at Mile 190 in the Orinoco river on October 16.
+    The vessel was on a voyage from Trombetas, Brazil, to
+Matanzas, Cuba, carrying 50,000 tonnes of bauxite. Its draught
+was 36 feet.
+     Attempts to refloat the vessel with the help of six tugs
+have been unsuccessful. The owners are considering unloading
+part of the cargo onto barges.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19909" NEWID="21527">
+<DATE>19-OCT-1987 06:46:08.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>ase</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0484&#31;reute
+f f BC-Amsterdam-all-share-i   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Amsterdam all-share index seven pct below Friday's close at 1015 GMT - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19908" NEWID="21528">
+<DATE>19-OCT-1987 06:26:55.50</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0448&#31;reute
+f f BC-London's-FTSE-100-sha   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>London's FTSE 100 share index below 2,100 for first time since May
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19907" NEWID="21529">
+<DATE>19-OCT-1987 06:22:26.98</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>luxembourg</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0437&#31;reute
+u f BC-SWEDISH-EXPORT-CREDIT   10-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SWEDISH EXPORT CREDIT TO RAISE 300 MLN LUX FRANCS</TITLE>
+<DATELINE>    LUXEMBOURG, Oct 19 - </DATELINE><BODY>Swedish Export Credit Corp (SEK) is
+raising 300 mln Luxembourg francs through a three year private
+placement, lead manager Banque Generale du Luxembourg SA said.
+    The bullet, non-callable issue carries a coupon of 7-1/2
+pct and is priced at 100-1/4.
+    Payment date is October 28 and coupon date is October 29.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19906" NEWID="21530">
+<DATE>19-OCT-1987 06:21:33.89</DATE>
+<TOPICS><D>grain</D><D>cotton</D></TOPICS>
+<PLACES><D>china</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0435&#31;reute
+u f BC-CHINA-FORECASTS-397-M   10-19 0091</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CHINA FORECASTS 397 MLN TONNES GRAIN HARVEST</TITLE>
+<DATELINE>    PEKING, Oct 19 - </DATELINE><BODY>China expects its 1987 grain harvest to be
+397 mln tonnes, eight mln tonnes short of its target, the New
+China News Agency quoted a State Statistical Bureau spokesman
+as saying.
+    The harvest will be China's second highest in history but
+poor weather and low incentives for grain-producing farmers
+have kept yields down, earlier Chinese press reports said.
+    Industry sources expect China to import at least 10 mln
+tonnes of grain this year because of the harvest shortfall.
+    Chinese customs figures showed grain imports of 9.59 mln
+tonnes in the first eight months of 1987, compared with 6.09
+mln in the same 1986 period.
+    Agriculture Minister He Kang said last month state prices
+for grain purchase from growers were to be adjusted to increase
+the incentive for grain production.
+    China could not afford to become a major food importer, he
+said.
+    The State Statistics Bureau spokesman also said China's
+1987 cotton output was expected to rise 10 pct over 1986 to 390
+mln tonnes.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19905" NEWID="21531">
+<DATE>19-OCT-1987 06:16:38.26</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0418&#31;reute
+f f BC-Swiss-stock-index-dro   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Swiss stock index drops six pct or 69.3 points at opening to 1,089.3 - official
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19904" NEWID="21532">
+<DATE>19-OCT-1987 06:13:16.68</DATE>
+<TOPICS><D>cpi</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0415&#31;reute
+u f BC-PHILIPPINE-INFLATION   10-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE INFLATION PREDICTED TO RISE</TITLE>
+<DATELINE>    MANILA, Oct 19 - </DATELINE><BODY>The Philippine 1987 inflation rate will
+rise to 4.8 pct from 0.74 pct in 1986 if the government
+implements an employers' association recommendation for a 10
+pct increase in the 54 peso minimum daily wage this month,
+Economic Planning Secretary Solita Monsod said.
+    The government's own proposal for an across-the-board daily
+pay rise of six pesos for non-agricultural workers and eight
+pesos for agriculture workers, would push the full year average
+higher to 5.4 pct, she told the Senate last week.
+    The 10 pct rise in the minimum wage is recommended by the
+Employers Confederation of the Philippines (ECOP).
+    The ECOP proposal would push the year-on-year inflation
+rate to 11.6 pct in December compared with the predicted 14.4
+pct if the government's recommendation is implemented, Solita
+said. Both were proposed last month.
+    Annual inflation for 1987 was forecast at four to 4.5 pct
+by the National Economic and Development Authority early this
+month.
+    In the first three months of the year, inflation was a
+negative 0.5, 0.6 and 0.7 pct respectively, rising to 1.0, 2.5
+and 4.6 pct in April May and June, the National Statistics
+Office said.
+    The annual inflation rate rose to 5.8 pct in June, 6.2 pct
+in July and 6.15 and 6.188 pct in August and September
+respectively, the National Statistics Office said.
+    It attributed the acceleration to higher fuel and water
+prices.
+    The government's six and eight peso wage increases would
+displace up to 20,000 workers, Monsod said, bringing the number
+of unemployed to 4.2 mln or 19.2 pct of the population.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19903" NEWID="21533">
+<DATE>19-OCT-1987 06:08:25.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0405&#31;reute
+b f BC-ELECTRICTE-DE-FRANCE   10-19 0103</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ELECTRICTE DE FRANCE ISSUES 15 BILLION YEN BOND</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>Electricite de France is issuing a 15
+billion yen bond due November 1994 paying interest at 1/16 over
+the six month London Interbank Offered Rate, said IBJ Capital
+Markets Ltd as lead manager.
+    The bonds, which are priced at par, will be listed on the
+Luxembourg Stock Exchange. Payment is set for November 20 and
+they are callable in May 1989. The bonds are guaranteed by the
+Republic of France.
+    Fees are 12 basis points for management and underwriting
+and 13 basis points as a selling concession. There is a three
+basis point praecipuum.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19902" NEWID="21534">
+<DATE>19-OCT-1987 05:54:34.70</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0382&#31;reute
+u f BC-BPCC-PROPOSES-CANCELL   10-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BPCC PROPOSES CANCELLATION OF PREFERENCE SHARES</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>British Printing and Communication
+Corporation Plc &lt;BPCL.L> has proposed the cancellation of all
+its preference shares in return for cash payments totalling
+14.8 mln stg.
+    BPCC said in a statement, "In view of the enlarged ordinary
+share capital and the improved financial position of the
+company, the Board considers that the relatively small amount
+of preference share capital now represents capital in excess of
+the company's wants."
+    Shareholder approval will be sought at a meeeting on
+November 10.If granted, court confirmation will be required.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19901" NEWID="21535">
+<DATE>19-OCT-1987 05:49:55.18</DATE>
+<TOPICS><D>money-fx</D><D>rand</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0376&#31;reute
+r f BC-VOLKSKAS-BANK-SEES-RA   10-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>VOLKSKAS BANK SEES RAND HINGING ON INFLATION RATE</TITLE>
+<DATELINE>    JOHANNESBURG, Oct 19 - </DATELINE><BODY>South Africa must drive down its
+inflation rate to much lower levels to prevent a further
+decline in the rand, said Volkskas Bank in its monthly economic
+review.
+    The bank said that without a major drop in the inflation
+rate, the rand was bound to eventually decrease even more,
+regardless of a sharp rise in the gold price.
+    Inflation is running at an annual rate of some 17 pct and
+the rand is around 49.53 U.S. Cents. Most economists estimate
+continued high inflation.
+    Volkskas predicted the rand will remain fairly steady for
+the rest of 1987 and then ease slightly next year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19900" NEWID="21536">
+<DATE>19-OCT-1987 05:48:23.29</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f0368&#31;reute
+u f BC-SOVIET-SUGAR-CONSUMPT   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET SUGAR CONSUMPTION UP AS HOME BREWING GROWS</TITLE>
+<DATELINE>    MOSCOW, Oct 19 - </DATELINE><BODY>A sharp rise in Soviet sugar consumption
+since the start of the Kremlin's anti-alcohol drive indicates
+home brewing is costing the state 20 billion roubles in lost
+vodka sales, Pravda said.
+    The Communist Party newspaper said sugar sales had
+increased by one mln tonnes a year, enough to be turned into
+two billion bottles of moonshine.
+    At current vodka prices of 10 roubles a bottle, it said,
+this meant illicit alcohol consumption had reached the
+equivalent of 20 billion roubles a year, or annual revenues
+from vodka sales before the May 1985 anti-alchohol decree.
+    "Official statistics show a reduction in consumption of
+vodka, but this is a deceptive statistic -- it does not count
+home-brew," Pravda said.
+    "The epidemic first engulfed the villages and has now also
+firmly settled into cities, where the availability of natural
+gas, running water and privacy has made it much easier."
+    Kremlin leader Mikhail Gorbachev launched the anti-alcohol
+campaign shortly after taking office in March 1985 as a first
+step to improving Soviet economic performance, which had been
+seriously hurt by drunkenness among the working population.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19899" NEWID="21537">
+<DATE>19-OCT-1987 05:38:46.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM C G L M T 
+&#22;&#22;&#1;f0354&#31;reute
+f f BC-LONDON-GOLD-1030-FIX   10-19 0008</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LONDON GOLD 1030 FIX - OCT 19 - 479.50 DLRS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19898" NEWID="21538">
+<DATE>19-OCT-1987 05:34:35.71</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>uk</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0351&#31;reute
+u f BC-EQUITICORP-HOLDING-IN   10-19 0066</UNKNOWN>
+<TEXT>&#2;
+<TITLE>EQUITICORP HOLDING IN GUINNESS REACHES 59.93 PCT</TITLE>
+<DATELINE>    LONDON, Oct 19 - </DATELINE><BODY>Equiticorp Holdings Ltd &lt;EQUW.WE> now owns
+or has received acceptances representing 59.93 pct of the
+issued ordinary share capital of Guinness Peat Group Plc
+&lt;GNSP.L>, Equiticorp said in a statement.
+    Equiticorp's offer for Guinness Peat became unconditional
+on October 3, when it had 50.6 pct, and closed on October 17.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19897" NEWID="21539">
+<DATE>19-OCT-1987 05:26:17.45</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>lebanon</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0337&#31;reute
+u f BC-BANKS-EXTEND-TRADING   10-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANKS EXTEND TRADING HALT IN LEBANESE POUND</TITLE>
+<DATELINE>    BEIRUT, Oct 19 - </DATELINE><BODY>Lebanon's Bankers Association said it
+extended its suspension of trading in the Lebanese pound for
+two more working days to study ways to stem the currency's
+collapse.
+    The Central Bank did not post the rate of the pound to the
+dollar and other currencies on Monday. The pound closed on
+Thursday at 407.00/412.00 to the dollar compared with
+Wednesday's close of 384.00/386.00.
+    Association sources told Reuters Friday's suspension of
+trading for two working days was continued on Monday for two
+more days so as to study proposals to reinforce the pound.
+    The Association, which comprises 106 commercial banks in
+east and west Beirut, halted trading on Friday in a chaotic
+market after the pound crashed to four record lows in the week.
+    The pound, hit by the inability of Lebanon's religiously
+and ideologically divided government to end 12 years of civil
+war, has lost more than 80 pct of its international value this
+year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19896" NEWID="21540">
+<DATE>19-OCT-1987 05:23:26.57</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0330&#31;reute
+f f BC-FRENCH-MATIF-SUSPENDS   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FRENCH MATIF SUSPENDS QUOTATIONS FOR ONE HOUR UNTIL 1000 GMT -- OFFICIAL
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19895" NEWID="21541">
+<DATE>19-OCT-1987 05:15:24.35</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F Y 
+&#22;&#22;&#1;f0307&#31;reute
+u f BC-STATOIL-PLACES-NORTH   10-19 0100</UNKNOWN>
+<TEXT>&#2;
+<TITLE>STATOIL PLACES NORTH SEA VESLEFRIKK FIELD ORDERS</TITLE>
+<DATELINE>    OSLO, Oct 19 - </DATELINE><BODY>Den Norske Stats Oljeselskap A/S (Statoil)
+&lt;STAT.OL>, operator on Norway's North Sea Veslefrikk oil field,
+has placed field development contracts totalling 1.5 billion
+crowns with two domestic yards, the company said in a
+statement.
+    Moss Rosenberg Verft, a subsidiary of Kvaerner Industrier
+A/S &lt;KVIO.OL> won a 1.2 billion crown contract to convert
+Statoil's semisubmersible rig West Vision to a floating
+production platform and to build the deck for a separate, fixed
+well-head platform to be placed on the field, it said.
+    Statoil said Aker Verdal, a unit of Aker Norcem A/S
+&lt;AMVO.OL>, won a 300-mln crown contract to design and build the
+well-head platform's 10,000-tonne steel substructure, to stand
+in 150 metres of water next to the converted rig.
+    Statoil said using a floating production unit rather than a
+fixed platform would cut construction time, enabling field
+partners to bring Veslefrikk on stream in late 1989 -- several
+months earlier than previously planned.
+    Veslefrikk, with estimated recoverable reserves of 258 mln
+barrels oil and 140 billion cubic feet gas, is located 145 km
+west of Bergen.
+    Statoil estimates the field's total development cost,
+including drilling, at 6.6 billion crowns. Planned daily output
+is 65,000 barrels oil and 35 mln cubic feet gas.
+    Veslefrikk's oil will be landed via the nearby Oseberg
+field pipeline at the Sture crude terminal near Bergen. Its gas
+will be fed into the Statpipe line, which gathers gas from
+Norway's Statfjord, Gullfaks and Oseberg fields.
+    Partners on the field are Statoil, the operator, with a 55
+pct share, &lt;Unocal Norge A/S> (18 pct), &lt;Deminex (Norge) A/S>
+(13.5 pct), Norsk Hydro A/S &lt;NHY.OL> (nine pct) and &lt;Svenska
+Petroleum AB> (4.5 pct).
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19894" NEWID="21542">
+<DATE>19-OCT-1987 04:51:52.40</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D><D>dmk</D></TOPICS>
+<PLACES><D>japan</D><D>usa</D><D>uk</D><D>west-germany</D><D>france</D><D>italy</D><D>canada</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0279&#31;reute
+b f BC-LOUVRE-ACCORD-STILL-I   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>LOUVRE ACCORD STILL IN EFFECT, JAPAN OFFICIAL SAYS</TITLE>
+<AUTHOR>    By Kunio Inoue</AUTHOR>
+<DATELINE>    TOKYO, Oct 19 - </DATELINE><BODY>The Group of Seven (G-7) industrial nations
+still comply with last February's Louvre accord to stabilize
+currencies, a senior Bank of Japan official said.
+    And U.S. Treasury Secretary James Baker's remarks at the
+weekend indicating the need to revise it do not herald a lower
+range for the dollar, other senior officials from the Bank of
+Japan and Finance Ministry agreed in interviews.
+    "The exchange market is apparently reacting too much, and
+anyone who sold the dollar on the Baker comment will regret it
+later on," the Bank of Japan official told Reuters.
+    The Bank official said Baker did not mean to talk the
+dollar down. A lower dollar would harm the U.S. Economy, he
+noted.
+    A Finance Ministry official who was directly involved in
+monetary talks with other nations also said the U.S. Would
+never attempt to lower the reference range for the dollar
+against the mark or the yen.
+    The market assumes the dollar reference range to be between
+140-150 yen and between 1.70 and 1.90 marks.
+    The dollar closed in Tokyo today at 1.7730/35 marks and
+141.35 yen.
+    "Behind Baker's remark was U.S. Frustration over higher
+interest rates abroad, especially in West Germany, but this
+does not represent its readiness to scrap the basic framework
+of the Louvre accord," the Finance Ministry official said.
+    He said that on the contrary Baker wanted to avoid any
+further rise in U.S. Interest rates because it would not only
+hurt the U.S. Economy but aggravate the Third World debt
+problem.
+    Higher U.S. Interest rates would merely raise their
+interest payment burden and depress U.S. Stock and bond markets
+further, the monetary officials said.
+    Both the ministry and central bank officials, who declined
+to be named, noted the U.S. No longer wants to see a further
+decline of the dollar because that could also fan inflationary
+expectations in the U.S.
+    "That's why Baker did not fail to add that the Louvre
+agreement is still operative," the senior ministry official
+said.
+    Baker said in a U.S. Television interview on Sunday that
+Washington would reexamine the Louvre accord because of West
+Germany's increase in short-term interest rates.
+    The market at first interpreted this as indicating the U.S.
+Would be ready to scrap the Louvre accord and let the dollar
+decline further unless surplus countries, notably West Germany,
+try harder to stimulate their economies as pledged in the
+accord, foreign exchange dealers said.
+    But the market on reflection also noted Baker's additional
+statement that "the Louvre agreement is still operative," and
+this caused some dollar short-covering in Tokyo today, the
+dealers said.
+    Uncertainty, however, remained the flavour of the day in
+Tokyo currency markets.
+    The Japanese monetary officials said Baker's undisguised
+pressure on West Germany to refrain from guiding interest rates
+higher may be part of a process of multilateral surveillance,
+or international economic policy coordination.
+    The G-7, comprising the U.S., Japan, West Germany, Britain,
+France, Italy and Canada, have agreed to monitor each other's
+economic policies and from time to time apply "peer pressure" to
+persuade others to change their policies to a desired course,
+they noted. "Without such a basic agreement of multilateral
+surveillance, Baker would never have criticized the West German
+policy so openly," the ministry official said.
+    The U.S.-West German squabble over Bonn's monetary policy
+should thus be regarded as a process of healthy policy
+coordination and not as any indication of a possible collapse
+of the Louvre agreement, the official said.
+    He also said Japan has not received any specific request
+from the U.S. On its monetary policy, although its short-term
+money rates have been edging higher.
+    "This is because we, unlike the Germans, are not taking
+policy to guide interest rates higher, and the marginal rate
+rise in recent days is primarily for seasonal reasons," he
+added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19893" NEWID="21543">
+<DATE>19-OCT-1987 04:43:19.79</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0264&#31;reute
+f f BC-LOUVRE-ACCORD-STILL-I   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>LOUVRE ACCORD STILL IN EFFECT, SENIOR BANK OF JAPAN OFFICIAL SAYS
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19892" NEWID="21544">
+<DATE>19-OCT-1987 04:39:33.69</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>pse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0261&#31;reute
+f f BC-First-share-quotation   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>First share quotations on Paris bourse more than 3.5 pct lower - dealers
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19891" NEWID="21545">
+<DATE>19-OCT-1987 04:38:02.75</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0257&#31;reute
+u f BC-BANK-OF-JAPAN-TO-SELL   10-19 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BANK OF JAPAN TO SELL 800 BILLION YEN IN BILLS</TITLE>
+<DATELINE>    TOKYO, Oct 19 - </DATELINE><BODY>The Bank of Japan will sell 800 billion yen
+in bills from its holdings on Tuesday to help absorb a
+projected money market surplus of 470 billion yen and recycle
+400 billion in bills maturing then, money market traders said.
+    Of the total, 400 billion yen will yield 3.8512 pct on
+sales from money houses to banks and securities houses through
+29-day repurchase agreements maturing on November 17. These are
+aimed at meeting a projected cash shortage on that day, when
+the government floats 1.95 mln shares in Nippon Telegraph and
+Telephone Corp. The other 400 billion will yield 3.9006 pct
+through 44-day repurchase accords maturing on December 2.
+    The operation will bring the supply of bills outstanding to
+about 3,200 billion yen.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19890" NEWID="21546">
+<DATE>19-OCT-1987 04:24:26.16</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>norway</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0239&#31;reute
+b f BC-NORSK-DATA-A/S-SEES-L   10-19 0114</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NORSK DATA A/S SEES LOWER 1987 PROFITS</TITLE>
+<DATELINE>    OSLO, Oct 19 - </DATELINE><BODY>Norwegian computer company Norsk Data A/S
+&lt;NORK.OL> said weak sales outside of Europe have forced it to
+lower its 1987 pre-tax profit forecast by 100 mln crowns and
+its expected 1987 sales figure by about 150 mln crowns.
+    Norsk Data said in August it expected to show a pre-tax
+profit of between 550 and 600 mln crowns this year.
+    The sales figure was lowered after it became clear sales in
+North America and India would not match earlier predictions,
+the company said in a statement, adding: "It is ... Doubtful
+that this discrepancy can be compensated by a corresponding
+extra increase in its European business."
+    The company said its sales in Europe remained strong,
+however, and were expected to grow by 25 to 35 pct in 1987.
+    Norsk Data in August dropped a planned issue of new
+non-voting shares in the United States, Norway and other
+countries because of unfavourable market conditions.
+    The move was seen by Oslo and London securities analysts as
+a sign the company's rapid growth years might be over.
+    Norsk Data showed a 177.9 mln crown pre-tax profit for the
+first six months of 1987, up six pct from the year-ago figure
+of 168 mln. Its 1986 pre-tax profit before year-end allocations
+was 475 mln crowns against 364 mln in 1985.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19889" NEWID="21547">
+<DATE>19-OCT-1987 04:24:18.61</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE><D>nakasone</D><D>miyazawa</D><D>takeshita</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0238&#31;reute
+u f BC-ABE-TIPPED-TO-BE-NEXT   10-19 0104</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ABE TIPPED TO BE NEXT JAPANESE PRIME MINISTER</TITLE>
+<AUTHOR>    By Yuko Nakamikado</AUTHOR>
+<DATELINE>    TOKYO, Oct 19 - </DATELINE><BODY>No clear indication has emerged of the
+victor in the race to succeed Prime Minister Yasuhiro Nakasone
+but political analysts said it was becoming more likely that
+former foreign minister Shintaro Abe would be chosen.
+    A decision on which of the three contenders would be picked
+was expected late today or early on Tuesday, they said.
+    Japanese political leaders held a flurry of closed-door
+meetings today and the three candidates called on Nakasone, who
+is due to step down late this month, to mediate to break the
+deadlock.
+    The other candidates are Finance Minister Kiichi Miyazawa
+and former Finance Minister Noboru Takeshita.
+    They are vying for the post of president of the ruling
+Liberal Democratic Party (LDP), who is automatically prime
+minister by virtue of the party's parliamentary majority.
+    The new LDP president will be named formally at a party
+convention on October 30 and elected prime minister by
+parliament, probably on November 6, LDP sources said.
+    Nakasone, 69, is due to retire on October 31 after five
+years in the post, an exceptionally long term by Japanese
+standards.
+    Takeshita, who is head of the party's largest faction, had
+steadfastly opposed the idea of seeking Nakasone's help, but he
+told reporters: "It is possible Nakasone will be given carte
+blanche (for selection of his successor)."
+    One political analyst, who declined to be identified, said
+Nakasone, despite a personal preference for Miyazawa, is likely
+to choose Abe as the best candidate for steering Japan through
+its international problems and maintaining party unity. Abe
+also would also accept Nakasone's influence, he said. Analysts
+said one of Nakasone's prime aims is to retain as much power as
+possible following his retirement.
+    Takeshita, the early favorite because of the size of his
+faction, is viewed by many politicians and analysts as being
+unsuitable for the post of prime minister because of his lack
+of international experience.
+    The analysts said Nakasone also was very unlikely to
+support Takeshita's bid because of the differences in their
+political styles.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19888" NEWID="21548">
+<DATE>19-OCT-1987 04:22:10.12</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0237&#31;reute
+f f BC-Norsk-Data-lowers-198   10-19 0011</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Norsk Data lowers 1987 pre-tax profit forecast by 100 mln crowns
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19887" NEWID="21549">
+<DATE>19-OCT-1987 04:18:04.32</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0232&#31;reute
+u f BC-TDK-SALES-RISE-ON-ELE   10-19 0112</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TDK SALES RISE ON ELECTRONIC PARTS SALES</TITLE>
+<DATELINE>    TOKYO, Oct 19 - </DATELINE><BODY>TDK Corp &lt;TDK.T> said its sales rose 3.6
+pct in the three months ended August 31 due to better sales of
+electronic materials and components, which grew 9.2 pct
+compared with the same period of 1986.
+    Net profit gained only 0.5 pct due to lower interest income
+and exchange losses which depressed non-operating income, it
+said. It earlier reported net up to 4.20 billion from 4.18
+billion in the year earlier period after sales up to 95.96
+billion from 92.59 billion. The proportion of overseas sales to
+total sales fell to 45.2 pct from 45.6 pct a year earlier due
+to lower tape sales to North America.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19886" NEWID="21550">
+<DATE>19-OCT-1987 04:15:29.90</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>hong-kong</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0231&#31;reute
+b f BC-CABLE-AND-WIRELESS-DE   10-19 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>CABLE AND WIRELESS DETAILS MERGER OF H.K. UNITS</TITLE>
+<DATELINE>    HONG KONG, Oct 19 - </DATELINE><BODY>Cable and Wireless Plc &lt;CAWL.L> said it
+will merge its Hong Kong Telephone Co Ltd &lt;TELH.HK> and &lt;Cable
+and Wireless (Hong Kong) Ltd> units into a new holding firm to
+be called &lt;Hong Kong Telecommunications Ltd>.
+    Under the merger, H.K. Telephone shareholders will receive
+two H.K. Telecommunication shares at a par value of 50 H.K.
+Cents for each H.K. Telephone share at par of one dlr.
+    H.K. Telephone shareholders other than the Cable and
+Wireless group will receive warrants on a one-for-five basis
+entitling them to acquire from Cable and Wireless Plc within
+five years one H.K. Telecom share at 10 dlrs each.
+    The Cable and Wireless Plc group now holds some 70 pct of
+H.K. Telephone. It also owns 80 pct of Cable and Wireless (Hong
+Kong), while the Hong Kong government holds the balance.
+    Trading in H.K. Telephone shares was suspended on October
+15. The shares last traded at 19.30 dlrs.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19885" NEWID="21551">
+<DATE>19-OCT-1987 04:09:25.77</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0223&#31;reute
+b f BC-TDK-GROUP-NET-UP-17.6   10-19 0057</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TDK GROUP NET UP 17.6 PCT IN NINE MONTHS</TITLE>
+<DATELINE>    TOKYO, Oct 19 - </DATELINE><BODY>Nine months ended August 31
+    Group shr 118.66 yen vs 100.89 yen
+    Group shr per ADS 237.32 vs 201.78
+    Net 14.28 billion vs 12.14 billion
+    Pretax 34.48 billion vs 29.45 billion
+    Sales 288.08 billion vs 278.50 billion
+    Company's full name is TDK Corp &lt;TDK.T>.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19884" NEWID="21552">
+<DATE>19-OCT-1987 04:07:27.64</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0221&#31;reute
+f f BC-FTSE-100-share-index   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FTSE 100 share index opens 136.9 points down at 2,165 - London Stock Exchange
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19883" NEWID="21553">
+<DATE>19-OCT-1987 04:05:47.06</DATE>
+<TOPICS><D>earn</D></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0215&#31;reute
+b f BC-TDK-GROUP-NET-UP-0.5   10-19 0056</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TDK GROUP NET UP 0.5 PCT IN THREE MONTHS TO AUGUST</TITLE>
+<DATELINE>    TOKYO, Oct 19 - </DATELINE><BODY>Third quarter ended August 31
+    Group shr 34.92 yen vs 34.74
+    Group shr per ADS 69.84 vs 69.48
+    Net 4.20 billion vs 4.18 billion
+    Pretax 10.30 billion vs 9.73 billion
+    Sales 95.96 billion vs 92.59 billion
+    Company's full name is TDK Corp &lt;TDK.T>
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19882" NEWID="21554">
+<DATE>19-OCT-1987 04:05:14.77</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>lse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0212&#31;reute
+f f BC-FTSE-100-share-index   10-19 0013</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>FTSE 100 share index opens 136.9 points down at 2,165 - London Stock Exchange
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19881" NEWID="21555">
+<DATE>19-OCT-1987 03:59:38.96</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0196&#31;reute
+f f BC-CABLE-AND-WIRELESS-TO   10-19 0014</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>CABLE AND WIRELESS TO MERGE TWO H.K. UNITS INTO NEW TELECOMMUNICATION OPERATION
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19880" NEWID="21556">
+<DATE>19-OCT-1987 03:57:42.34</DATE>
+<TOPICS><D>money-fx</D></TOPICS>
+<PLACES><D>france</D></PLACES>
+<PEOPLE><D>balladur</D><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0193&#31;reute
+b f BC-BALLADUR-INSISTS-ON-M   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>BALLADUR INSISTS ON MAINTENANCE OF LOUVRE ACCORDS</TITLE>
+<DATELINE>    PARIS, Oct 19 - </DATELINE><BODY>French Finance Minister Edouard Balladur
+issued a firm call for the continued faithful application of
+the Louvre accords on currency stability by all major
+industrial countries.
+    Balladur, responding to weekend remarks by U.S. Treasury
+Secretary James Baker that the U.S. Would take another look at
+the accords, said "I firmly desire a faithfull and firm
+adherence by all the major industrial countries to the Louvre
+accords -- in both their letter and spirit."
+    On Sunday, Baker said last week's rise in short-term West
+German interest rates was not in keeping with the accords.
+    The Louvre accords, agreed in Paris last February, called
+for stability among the major currencies after a prolonged
+dollar slide.
+    The accords were reaffirmed by the Group of Seven Finance
+Ministers in Washington last month.
+    But Baker said at the weekend that the West German rate
+rise was "not in keeping with the spirit of what we agreed to."
+    "What I'm really saying is that they should not expect us to
+simply sit back here and accept increased tightening on their
+part on the assumption that somehow we are going to follow
+them," he added.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19879" NEWID="21557">
+<DATE>19-OCT-1987 03:50:41.47</DATE>
+<TOPICS><D>rubber</D></TOPICS>
+<PLACES><D>malaysia</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS><D>inro</D></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f0183&#31;reute
+u f BC-RUBBER-STOCK-MANAGER   10-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>RUBBER STOCK MANAGER SAYS QUALITY ACCEPTABLE</TITLE>
+<AUTHOR>    By Roger May</AUTHOR>
+<DATELINE>    KUALA LUMPUR, Oct 19 - </DATELINE><BODY>International Rubber Organisation
+(INRO) buffer stock manager Aldo Hofmeister said tests had
+shown the quality of rubber in stock was acceptable, but
+acknowledged that some consumers were now wary of buying it.
+    "We have said all along that the rubber is holding up well
+from a condition and quality standpoint...Rubber stored in
+proper conditions does not deteriorate," he told Reuters in a
+telephone interview. The quality of buffer stock rubber sold
+since he entered the market in September would be discussed at
+an INRO Council meeting which opened here today, he said.
+    Tokyo traders said on Friday they had little interest in
+buying rubber from the INRO buffer stock because of possible
+poor quality.
+    Hofmeister began selling rubber when prices exceeded the
+"may-sell' level of 232 cents per kg early last month. INRO's
+five-day moving average was quoted at 237.3 cents on October
+16. He said the quality of five to six-year old rubber in stock
+was uppermost in consumers' minds.
+    "We have received good interest for the rubber. I understand
+the Japanese concern. Many consumers want to try the rubber
+before they carry on buying," he said.
+    Hofmeister said INRO rubber was stored in 28 different
+locations in producing and consuming nations, adding all
+warehouses used were suitable for long-term storage.
+    Selling of buffer stock rubber had levelled off during the
+past week to 10 days and this could reflect a "wait and see
+attitude" by buyers, he said.
+    "Consumers are holding back from buying additional amounts
+until they test out the rubber. If their tests are positiive,
+they are likely to buy more." Hofmeister said he could reduce
+the offer price of buffer stock rubber to stimulate interest
+but INRO did not want to depress prices artificially.
+    Hofmeister declined to comment on Japanese trade estimates
+that he had sold around 30,000 to 32,000 tonnes in Kuala Lumpur
+and New York since September.
+    But he said Japanese traders were in a position to have an
+idea of the quantity he had sold, noting that traders overall
+had put buffer stock sales at between 25,000 and 35,000 tonnes.
+    The question of sales from the original 360,000 tonne
+buffer stock is expected to be the main topic of the Council
+meeting which is scheduled to end on Thursday.
+    The current international rubber pact expires on October
+22.
+    The deadline for the new pact's start is January 1989 and
+Hofmeister has been mandated to continue selling rubber during
+the interim period.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19878" NEWID="21558">
+<DATE>19-OCT-1987 03:29:19.78</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0164&#31;reute
+r f BC-FRONTIER-AIRLINES-SEE   10-19 0099</UNKNOWN>
+<TEXT>&#2;
+<TITLE>FRONTIER AIRLINES SEEKS FASTER CLAIM SETTLEMENT</TITLE>
+<DATELINE>    DENVER, Colo, Oct 19 - </DATELINE><BODY>Continental Airlines Inc said
+Frontier Airlines, which it bought last year, has sought
+approval from the U.S. Bankruptcy court here to pay up to 1.9
+mln dlrs in employee medical, dental and other benefit claims
+on an expedited basis.
+    Continental is itself owned by Texas Air Corp &lt;TEX>.
+    Some 1.2 mln dlrs of the claims would be paid directly to
+former Frontier employees for medical expenses incurred prior
+to, and immediately after, Fronter filed for bankrupcty and
+ceased operations in August last year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19877" NEWID="21559">
+<DATE>19-OCT-1987 03:12:52.19</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>hkse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0149&#31;reute
+f f BC-HONG-KONG'S-HANG-SENG   10-19 0012</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>HONG KONG'S HANG SENG STOCK INDEX LOSES 400 POINTS IN LATE AFTERNOON
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19876" NEWID="21560">
+<DATE>19-OCT-1987 02:56:28.56</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0130&#31;reute
+u f BC-NIPPON-SHINPAN-TO-ISS   10-19 0090</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NIPPON SHINPAN TO ISSUE CREDIT CARD WITH MASTERCARD</TITLE>
+<DATELINE>    TOKYO, Oct 19 - </DATELINE><BODY>Nippon Shinpan Co Ltd &lt;NSHT.T> has agreed
+with &lt;Mastercard International> to issue a new credit card
+called Nippon Shinpan-Master Joint Card for use in Japan and
+abroad, a Nippon Shinpan spokesman said.
+    The card, to be issued within the year, will be honoured at
+Mastercard-affiliated outlets in 160 countries and at locations
+accepting the Nippon Shinpan card, he said.
+    Nippon Shinpan reached a similar agreement with &lt;Visa
+International> on September 29.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19875" NEWID="21561">
+<DATE>19-OCT-1987 02:35:59.87</DATE>
+<TOPICS><D>money-fx</D><D>nzdlr</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0116&#31;reute
+u f BC-ECONOMIST-URGES-MORE   10-19 0116</UNKNOWN>
+<TEXT>&#2;
+<TITLE>ECONOMIST URGES MORE TAXES TO LOWER N.Z. DOLLAR</TITLE>
+<DATELINE>    WELLINGTON, Oct 19 - </DATELINE><BODY>An income tax surcharge and capital
+gains tax could bring about an urgently needed depreciation of
+the N.Z. Dollar, independent economist Len Bayliss said.
+    Bayliss, a former economist with the Reserve Bank and the
+Bank of New Zealand, said a major depreciation is needed to
+restore export competitiveness even if inflation is cut by
+current government policies.
+    The taxes would help cut the budget deficit, which in turn
+would lower the value of the N.Z. Dollar, he said in a speech.
+He added that the deficit for the year ending March 1988 could
+be much higher than the government's 1.3 billion dlr forecast.
+    Since the government was unlikely to cut expenditure as a
+percentage of gross domestic product, a major tax increase was
+probably unavoidable, Bayliss said.
+    He would have preferred an increase in the 10 pct
+value-added goods and services tax, introduced in October 1986,
+but that would have had a short-term inflationary impact.
+Import tariffs should be lowered to minimise the inflationary
+impact of a currency depreciation.
+    The government had failed to bring inflation down despite
+lower oil prices and an appreciation in the currency, he added.
+    New Zealand's inflation rate was 16.9 pct in the year to
+end-September against 18.9 pct in the year to end June.
+    The major deficiency in the government's anti-inflation
+policies was reliance on high interest and exchange rates and
+insufficient emphasis on reducing the budget deficit, Bayliss
+said. The government had also failed to reduce overseas debt
+and debt ratios and cut the balance of payments deficit.
+    "The widespread belief that (New Zealand's) problems are
+going to take much longer to solve than was originally thought
+is soundly based -- primarily because the government's
+macro-economic policies have been unsuccessful," Bayliss said.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19874" NEWID="21562">
+<DATE>19-OCT-1987 02:30:11.36</DATE>
+<TOPICS><D>trade</D></TOPICS>
+<PLACES><D>philippines</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0112&#31;reute
+u f BC-PHILIPPINE-TRADE-GAP   10-19 0079</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PHILIPPINE TRADE GAP WIDENS IN JANUARY-AUGUST</TITLE>
+<DATELINE>    MANILA, Oct 19 - </DATELINE><BODY>The Philippines' trade deficit widened to
+542 mln dlrs in the eight months to end-August from 159 mln
+dlrs in the same 1986 period, the National Statistics Office
+said.
+    It said exports in the eight-month period rose to 3.58
+billion dlrs from 3.18 billion in 1986, while imports rose to
+4.12 billion dlrs from 3.34 billion a year earlier.
+    The country's trade deficit totalled 202 mln dlrs in 1986.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19873" NEWID="21563">
+<DATE>19-OCT-1987 02:25:17.02</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D><D>iran</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V Y 
+&#22;&#22;&#1;f0109&#31;reute
+u f BC-IRAN-PRESIDENT-DOUBTS   10-19 0113</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN PRESIDENT DOUBTS U.S. ACTION AGAINST IRAN</TITLE>
+<DATELINE>    NICOSIA, Oct 19 - </DATELINE><BODY>Iranian President Ali Khamenei said he
+doubted the U.S. Was in position to take violent action against
+Iran in the Gulf, Tehran Radio reported.
+    The U.S. Government "is in a very difficult situation now
+and it is not clear if it has the necessary elements for a
+violent action," the radio quoted him as saying in an interview
+with the English language daily Tehran Times.
+    In Washington, President Ronald Reagan said he had decided
+on a response to Iran, which the Americans blame for two
+missile attacks on U.S.-related tankers in Kuwaiti waters last
+week, but declined to say what the response was.
+    Khamenei said the U.S. Government had to take some action
+to demonstrate its authority, "but on the other hand any violent
+act in the Persian Gulf will greatly harm long-term U.S.
+Interests," the radio, monitored in Nicosia, reported.
+    On efforts for a ceasefire in the Iran-Iraq war, Khamenei
+said: "Declaration of the aggressor and a ceasefire should be
+concurrent. Formation of a panel to determine the aggressor
+necessarily preceeds the ceasefire."
+    He also rejected a peace-keeping committee or a buffer
+force as instruments to implement a July 20 U.N. Security
+Council order for a ceasefire in the seven-year-old Gulf war.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19872" NEWID="21564">
+<DATE>19-OCT-1987 02:13:27.13</DATE>
+<TOPICS></TOPICS>
+<PLACES></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>tse</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0103&#31;reute
+f f BC-Tokyo---Stock-index-c   10-19 0010</UNKNOWN>
+<TEXT TYPE="BRIEF">&#2;
+******<TITLE>Tokyo - Stock index closes 620.18 points lower at 25,746.56
+</TITLE>Blah blah blah.
+&#3;
+
+</TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19871" NEWID="21565">
+<DATE>19-OCT-1987 02:12:21.49</DATE>
+<TOPICS><D>sugar</D></TOPICS>
+<PLACES><D>new-zealand</D><D>fiji</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0101&#31;reute
+u f BC-NEW-ZEALAND-IMPOSES-S   10-19 0110</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND IMPOSES SANCTIONS AGAINST FIJI</TITLE>
+<DATELINE>    WELLINGTON, Oct 19 - </DATELINE><BODY>New Zealand has imposed sanctions
+against Fiji in response to that country's change of status to
+a republic, acting prime minister Geoffrey Palmer said.
+    The sanctions will end all military cooperation and cut
+economic aid. New Zealand will also not renew an agreement
+which supports the price of Fijian sugar when it expires in
+March. The loss of aid and sugar supports will cost Fiji about
+10 mln dlrs a year.
+    Palmer told reporters after a cabinet meeting that the
+government had asked High Commissioner Rod Gates to return from
+Suva for discussions about other possible measures.
+    "We won't be reacting further until these discussions with
+the High Commissioner and the Prime Minister have been held,"
+Palmer said.
+    The sanctions were approved by the cabinet soon after
+Colonel Sitivene Rabuka staged his second coup on September 25.
+Implementation was postponed in the hope that Rabuka might turn
+back from declaring a republic.
+    Palmer said the cabinet was happy with the statement from
+Commonwealth leaders in Vancouver that Fiji's membership of the
+Commonwealth had lapsed. Prime Minister David Lange is in
+Hawaii on his way home from Vancouver.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19870" NEWID="21566">
+<DATE>19-OCT-1987 02:01:46.85</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>japan</D><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0093&#31;reute
+u f BC-JAPAN-STARTS-CONSIDER   10-19 0097</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN STARTS CONSIDERING NOVEMBER BOND COUPON</TITLE>
+<DATELINE>    TOKYO, Oct 19 - </DATELINE><BODY>The Ministry of Finance has started to
+consider the coupon rate of the 10-year government bond issue
+for November, a Ministry official said.
+    The underwriting syndicate may want a rise in the coupon
+rate by nearly one point from the current 4.9 pct, he said. But
+bond traders see a rise to about 5.6 pct as most likely.
+    Ministry officials will try to keep the rate low to meet
+U.S. Requests for maintenance of the interest rate differential
+between the U.S. And Japan, the Ministry official told Reuters.
+    Plans for an October issue were cancelled when the Ministry
+and the bond underwriting syndicate failed to reach agreement
+on terms.
+    The underwriting syndicate will start negotiating with the
+Finance Ministry on the terms of the November issue after any
+changes in the prime rate for November are decided, which
+should be by the end of this week, an underwriting source said.
+    Cancellation of the November bond issue is not out of the
+question, he said, adding that negotiations are expected to be
+difficult.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19869" NEWID="21567">
+<DATE>19-OCT-1987 01:54:58.65</DATE>
+<TOPICS><D>coffee</D></TOPICS>
+<PLACES><D>uganda</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;T 
+&#22;&#22;&#1;f0088&#31;reute
+u f BC-UGANDA-PLANS-TO-EXPOR   10-19 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>UGANDA PLANS TO EXPORT ROASTED COFFEE TO EUROPE</TITLE>
+<DATELINE>    KAMPALA, Oct 19 - </DATELINE><BODY>Uganda plans to export roasted coffee to
+Europe by the end of 1988, a prominent local businessman said.
+    A.R. Sendi said on Sunday that Uganda's Ministry of
+Industry supports his plan to build a factory to roast, grind
+and pack local coffee for export. Construction will start in
+December and the factory should be ready by next October.
+    He said the Marketing Ministry has authorised the Coffee
+Marketing Board to supply his company &lt;Unipack> with 24,000
+tonnes of beans a year for processing and export. Sendi also
+told reporters he had negotiated a 69.7 mln French franc loan
+from the Banque Industrielle d'Afrique Oriental in Paris.
+    Uganda is the world's fifth largest coffee producer, and
+expects to produce about 200,000 tonnes this year.
+    Market sources say roasted coffee exports will benefit
+Uganda's economy as they will not be included in the 2.38 mln
+(60 kg) bag export quota assigned to the country under the
+latest International Coffee Agreement.
+    In addition, the value of roasted coffee should be
+substantially higher than that of unroasted beans, they said.
+    The U.S. Is the biggest buyer of Ugandan coffee, most of
+which is used to produce instant coffee.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19868" NEWID="21568">
+<DATE>19-OCT-1987 01:51:51.69</DATE>
+<TOPICS><D>crude</D></TOPICS>
+<PLACES><D>iran</D><D>ussr</D><D>cyprus</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0087&#31;reute
+u f BC-IRAN,-SOVIET-UNION-TO   10-19 0120</UNKNOWN>
+<TEXT>&#2;
+<TITLE>IRAN, SOVIET UNION TO SWAP CRUDE, REFINED PRODUCTS</TITLE>
+<DATELINE>    NICOSIA, Oct 19 - </DATELINE><BODY>The Soviet Union has agreed to supply
+Iran with refined oil products in exchange for 100,000 barrels
+per day of crude, Iran's national news agency, IRNA, said.
+    IRNA, monitored in Nicosia, quoted Oil Minister Gholamreza
+Aqazadeh as saying on his return to Tehran from Moscow that the
+agreement was part of a protocol on economic cooperation signed
+during his visit. The amount of crude delivered to the Soviet
+Union might double to 200,000 bpd later, he said.
+    Aqazadeh said the two sides agreed to conduct feasibility
+studies for a pipeline to take Iranian crude from fields in
+southern Iran to the Black Sea through the Soviet Union.
+    Iran is pursuing the pipeline project to protect part of
+its oil exports from Iraqi air attacks in the Gulf.
+    Irna made no mention of natural gas exports to the Soviet
+Union, which Aqazadeh had said would be discussed before he
+left for Moscow.
+    Iran lost most of its refining capacity early in the Gulf
+war and now imports several hundred thousand bpd of refined
+products.
+    Aqazadeh said Soviet refined products would be delivered at
+the Caspian Sea ports of Anzali and Nowshahr, at Neka, near the
+Caspian, and at Jolfa in north-west Iran.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19867" NEWID="21569">
+<DATE>19-OCT-1987 01:45:38.39</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM 
+&#22;&#22;&#1;f0081&#31;reute
+u f BC-NEW-ZEALAND-NON-FUEL   10-19 0111</UNKNOWN>
+<TEXT>&#2;
+<TITLE>NEW ZEALAND NON-FUEL IMPORT ORDERS RISE IN AUGUST</TITLE>
+<DATELINE>    WELLINGTON, Oct 19 - </DATELINE><BODY>Orders for non-fuel imports placed in
+August rose a seasonally adjusted 14.9 pct, compared with a 1.0
+pct rise in July and a 3.1 pct rise in August 1986, according
+to a regular monthly restricted survey of private importers,
+the Statistics Department said.
+    The Department said significant increases were shown in
+orders for crude materials (up an unadjusted 83.9 pct in
+August), iron, steel and non-ferrous metals (21.1 pct), and
+machinery and electrical equipment (19.3 pct).
+    Only the food and beverages group showed a significant
+decrease with an 18.3 pct fall in August, it said.
+    The Statistics Department said mineral fuel orders rose
+29.6 pct in August compared with a 28.1 pct fall in July and a
+14.9 pct fall in August 1986.
+    The monthly survey covers about 40 pct of total merchandise
+imports on average.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19866" NEWID="21570">
+<DATE>19-OCT-1987 01:38:14.08</DATE>
+<TOPICS><D>grain</D><D>rice</D></TOPICS>
+<PLACES><D>thailand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;G 
+&#22;&#22;&#1;f0076&#31;reute
+u f BC-THAI-RICE-EXPORTS-RIS   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>THAI RICE EXPORTS RISE IN WEEK TO OCTOBER 13</TITLE>
+<DATELINE>    BANGKOK, Oct 19 - </DATELINE><BODY>Thai rice exports rose to 72,987 tonnes
+in the week ended October 13 from 54,075 the previous week, the
+Commerce Ministry said.
+    It said the government and private exporters shipped 26,272
+and 46,715 tonnes respectively. Private exporters concluded
+advance weekly sales for 106,640 tonnes against 98,152 the
+previous week. The said it ministry expects at least 65,000
+tonnes in exports next week.
+    Thailand has shipped 3.43 mln tonnes of rice in the year to
+date, down from 3.68 mln a year ago. It has commitments to
+export another 388,390 tonnes this year.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19865" NEWID="21571">
+<DATE>19-OCT-1987 01:35:27.64</DATE>
+<TOPICS><D>acq</D></TOPICS>
+<PLACES><D>new-zealand</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0074&#31;reute
+u f BC-N.Z.'S-CHASE-CORP-MAK   10-19 0108</UNKNOWN>
+<TEXT>&#2;
+<TITLE>N.Z.'S CHASE CORP MAKES OFFER FOR ENTREGROWTH</TITLE>
+<DATELINE>    WELLINGTON, Oct 19 - </DATELINE><BODY>Chase Corp Ltd &lt;CHCA.WE> said it will
+make an offer for all fully-paid shares and options of
+&lt;Entregrowth International Ltd> it does not already own.
+    Chase, a property investment firm, said it holds 48 pct of
+Entregrowth, its vehicle for expansion in North America.
+    It said agreements are being concluded to give it a
+beneficial 72.4 pct interest.
+    The offer for the remaining shares is one Chase share for
+every three Entregrowth shares and one Chase option for every
+four Entregrowth options. Chase shares closed on Friday at 4.41
+dlrs and the options at 2.38.
+    Entregrowth closed at 1.35 dlrs and options at 55 cents.
+    Chase said the offer for the remaining 27.6 pct of
+Entregrowth, worth 34.2 mln dlrs, involved the issue of 5.80
+mln Chase shares and 3.10 mln Chase options.
+    Chase chairman Colin Reynolds said the takeover would allow
+Entregrowth to concentrate on North American operations with
+access to Chase's international funding base and a stronger
+executive team. He said there also would be benefits from
+integrating New Zealand investment activities.
+    Chase said the offer is conditional it receiving accptances
+for at least 90 pct of the shares and options.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19864" NEWID="21572">
+<DATE>19-OCT-1987 01:14:35.36</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f0061&#31;reute
+u f BC-COMPETITION-TOUGHENS   10-19 0105</UNKNOWN>
+<TEXT>&#2;
+<TITLE>COMPETITION TOUGHENS FOR NEAR-SUPERCOMPUTERS</TITLE>
+<AUTHOR>    By Catherine Arnst</AUTHOR>
+<DATELINE>    BOSTON, Oct 19 - </DATELINE><BODY>An announcement by Alliant Computer
+Systems Inc &lt;ALNT> of a new low-end near-supercomputer and &lt;ETA
+Systems Inc>'s unveiling of a high-end machine in the same
+category show competition is stiff in this market, industry
+analysts said.
+     Consultants said Alliant's new FX computer, aimed mainly
+at scientists and researchers will be priced between 100,000
+and 200,000 dlrs and will be faster than anything else in that
+price range. But they said Alliant is trying to bring prices in
+line with discounts it now gives many of its customers.
+    "(The new FX) is significant to the extent that it
+represents Alliant's recognition of the reality of the
+marketplace," said a source who was briefed by Alliant on the
+new computer. "The list price is more in line with what they are
+seeing anyway."
+    Near-supercomputers, often called mini-supercomputers,
+resemble the massive supercomputers favoured by scientists but
+are much less expensive and a quarter as powerful.
+    Supercomputers cost well over one mln dlrs but
+mini-supercomputers are generally priced between 200,000 dlrs
+and one mln dlrs.
+    Most near-supercomputers use a new computer architecture
+called parallel processing, in which a problem is broken up
+into segments and each segment assigned to a different
+processor. General-purpose mainframe computers have just one
+processor that works on one segment of a problem at a time,
+making them too slow for complex scientific problems.
+    Near-supercomputers have been in existence for only about
+five years and the two leading manufacturers, Alliant and
+Convex Computer Corp (CNVX), held two of the most successful
+initial public offerings last year.
+    But Alliant and Convex, a Texas company, are also facing
+some 15 companies competing for between 200 and 250 mln dlrs in
+sales this year, and the result has been lower prices and
+shrinking profit margins.
+    Heavy discounting, slow acceptance outside the scientific
+market, lack of software and too many competitors also have
+made analysts reassess prospects for near-supercomputers.
+    Jeffrey Canin, computer analyst with Hambrecht and Quist,
+said he just added a year to his original growth estimates for
+the industry. He now expects sales to reach 1.1 billion dlrs in
+1991, instead of 1990.
+    In recent weeks both Alliant and Convex have said their
+third quarter earnings would be reduced by "competitive pricing
+pressures."
+    Alliant said profits for the period will be about five
+cents a share against eight cents last year, although revenues
+for the period rose to 14.2 mln dlrs from 8.6 mln.
+    Convex said third quarter earnings will be less than the
+second quarter's 12 cents a share while revenues will rise
+almost eight mln dlrs over the 1986 third quarter to between 18
+and 18.5 mln dlrs.
+    Until now, most of the price discounting occurred at the
+bottom of the product line in near-supercomputers, but ETA
+System's announcement could start squeezing Convex and Alliant
+from the top, analysts said.
+    ETA, a subsidiary of Control Data Corp &lt;CDC>, introduced
+two machines that are really full-blown supercomputers similar
+to those sold by Cray Research Inc, the world's biggest
+supercomputer maker, but at half the price of Cray's cheapest
+model. The ETA-10 Model P costs 995,000 dlrs and the Model Q is
+1.2 mln dlrs.
+    ETA officials told a news conference the new machines may
+be classified as supercomputers but they are aimed directly at
+the upper end of the product lines from Alliant and Convex.
+    Acceptance of ETA's product could be hampered by lack of
+software, analysts said, noting this is an issue that faces all
+parallel processor makers to some degree.
+    Because parallel processing is a new architecture that has
+yet to be widely used, third party software vendors have been
+slow to write programs for the near-supercomputers.
+    ETA, however, "offers a low priced entry into supercomputers
+for some customers," one consultant said.
+    Canin cautioned that "the price pressures will continue for
+some time" and estimated that five percentage points have been
+knocked off the gross profit margins of both Convex and Alliant
+this year by price discounting.
+    Next year, he said, the two companies will face a new set
+of problems as they both introduce their second generation of
+products. "I am always cautious about the first major product
+transition."
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19863" NEWID="21573">
+<DATE>19-OCT-1987 00:59:58.56</DATE>
+<TOPICS><D>money-fx</D><D>dlr</D><D>yen</D></TOPICS>
+<PLACES><D>japan</D><D>west-germany</D><D>usa</D></PLACES>
+<PEOPLE><D>james-baker</D></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM AI 
+&#22;&#22;&#1;f0053&#31;reute
+u f BC-TOKYO-DEALERS-SEE-DOL   10-19 0106</UNKNOWN>
+<TEXT>&#2;
+<TITLE>TOKYO DEALERS SEE DOLLAR POISED TO BREACH 140 YEN</TITLE>
+<AUTHOR>    By Rie Sagawa</AUTHOR>
+<DATELINE>    TOKYO, Oct 19 - </DATELINE><BODY>Tokyo's foreign exchange market is watching
+nervously to see if the U.S. Dollar will drop below the
+significant 140.00 yen level, dealers said.
+    "The 140 yen level is key for the dollar because it is
+considered to be the lower end of the reference range. If the
+currency breaks through this level, it may decline sharply,"
+said Hirozumi Tanaka, assistant general manager at Dai-ichi
+Kangyo Bank Ltd's international treasury division.
+    The dollar was at 141.10 yen at midday against Friday
+closes of 142.35/45 in New York and 141.35 here.
+    The dollar opened at 140.95 yen and fell to a low of
+140.40. It was 1.7733/38 marks against 1.7975/85 in New York
+and 1.8008/13 here on Friday, after an opening 1.7700/10.
+    The currency's decline was due to remarks on Sunday by U.S.
+Treasury Secretary James Baker, dealers said.
+    "The dollar fell over the weekend on increased bearish
+sentiment after Baker's comments," said Dai-ichi's Tanaka. He
+said this stemmed from mounting concern that cooperation among
+the group of seven (G-7) industrial nations to implement the
+Louvre accord to stabilise currencies might be fraying.
+    The dollar's fall was also prompted by a record one-day
+drop in the Dow Jones industrial average on Friday and weakness
+in U.S. Bond prices, dealers said.
+    Baker said the Louvre accord was still operative but he
+strongly criticised West German moves to raise key interest
+rates. Operators took Baker's comment to indicate impatience
+with some G-7 members for failing to stick to the Louvre accord
+due to their fears of increasing inflation.
+    Rises in interest rates aimed at dampening inflationary
+pressures also slow domestic demand.
+    West Germany and Japan had both pledged at G-7 meetings to
+boost domestic demand to help narrow the huge U.S. Trade
+deficit, Tanaka said.
+    U.S. August trade data showed the U.S. Deficit at a still
+massive 15.68 billion dlrs. But if West Germany raises interest
+rates, this would run counter to the pledge, he said.
+    "Operators are now waiting to see if the G-7 nations
+coordinate dollar buying intervention," said Soichi Hirabayashi,
+deputy general manager of Fuju Bank Ltd's foreign exchange
+department.
+    The target range set by the Louvre accord is generally
+considered to be 140.00 to 160.00 yen, dealers said.
+    "The market is likely to try the 140 yen level in the near
+future and at that time, if operators see the G-7 nations
+failing to coordinate intervention, they would see the Louvre
+accord as abandoned and push the dollar down aggressively,"
+Hirabayashi said. He said the U.S. Currency could fall as low
+as 135 yen soon.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19862" NEWID="21574">
+<DATE>19-OCT-1987 00:34:08.94</DATE>
+<TOPICS><D>ship</D></TOPICS>
+<PLACES><D>hong-kong</D><D>japan</D><D>india</D><D>pakistan</D><D>iran</D><D>iraq</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;Y 
+&#22;&#22;&#1;f0034&#31;reute
+u f BC-JAPAN/INDIA-CONFERENC   10-19 0086</UNKNOWN>
+<TEXT>&#2;
+<TITLE>JAPAN/INDIA CONFERENCE CUTS GULF WAR RISK CHARGES</TITLE>
+<DATELINE>    HONG KONG, Oct 19 - </DATELINE><BODY>The Japan/India-Pakistan-Gulf/Japan
+shipping conference said it would cut the extra risk insurance
+surcharges on shipments to Iranian and Iraqi ports to a minimum
+three pct from 4.5 pct on October 25.
+    It said surcharges on shipments of all break-bulk cargoes
+to non-Iraqi Arab ports would be reduced to 3.0 pct from 4.5.
+    A conference spokesman declined to say why the move was
+taken at a time of heightened tension in the Gulf.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19861" NEWID="21575">
+<DATE>19-OCT-1987 00:18:22.79</DATE>
+<TOPICS><D>ipi</D></TOPICS>
+<PLACES><D>ussr</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0022&#31;reute
+u f BC-SOVIET-INDUSTRIAL-GRO   10-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SOVIET INDUSTRIAL GROWTH/TRADE SLOWER IN 1987</TITLE>
+<DATELINE>    MOSCOW, Oct 19 - </DATELINE><BODY>The Soviet Union's industrial output is
+growing at a slower pace in 1987 than in 1986 and foreign trade
+has fallen, Central Statistical Office figures show.
+    Figures in the Communist Party newspaper Pravda show
+industrial production rose 3.6 pct in the first nine months of
+1987 against 5.2 pct in the same 1986 period.
+    Foreign trade in the same period fell 3.6 pct from the 1986
+period as exports fell by 0.5 pct and imports dropped by 4.2
+pct.
+    Foreign trade in the nine months totalled 94.2 billion
+roubles. Separate import and export figures were not given.
+    One factor affecting industrial growth was the introduction
+of a new quality control plan, Western economists said. Last
+year's calculations of industrial output included all goods,
+irrespective of quality.
+    Under the new plan, introduced in line with Soviet leader
+Mikhail Gorbachev's drive to modernise the economy, special
+inspectors have the right to reject goods they consider below
+standard.
+    Pravda said 42 mln roubles worth of defective goods were
+rejected in the nine-month period.
+    The figures also showed that on October 1, there were more
+than 8,000 cooperative enterprises employing over 80,000
+people. More than 200,000 were employed in the private sector,
+Pravda said, without giving comparative figures.
+    The promotion of the cooperative and private sectors of the
+economy has been an important part of the modernisation
+campaign, with measures introduced recently to allow the
+setting up of small shops on a private basis.
+    Labour productivity rose 3.7 pct in the first nine months
+against 4.8 pct growth in January to September 1986.
+    But western economists said they treat Soviet productivity
+figures with caution, as they are more broadly based than in
+the West, which measures worker output over a given period.
+    Pravda said there were 283.8 mln people in the Soviet Union
+as of October 1. In the January to September 1987 period 118.5
+mln people were employed, a rise of 4.4 pct on the same period
+last year. Average earnings were 200 roubles a month against
+194 roubles a year ago.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19860" NEWID="21576">
+<DATE>19-OCT-1987 00:05:11.26</DATE>
+<TOPICS><D>gold</D></TOPICS>
+<PLACES><D>south-africa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F M 
+&#22;&#22;&#1;f0009&#31;reute
+u f BC-SIX-KILLED-IN-SOUTH-A   10-19 0087</UNKNOWN>
+<TEXT>&#2;
+<TITLE>SIX KILLED IN SOUTH AFRICAN GOLD MINE ACCIDENT</TITLE>
+<DATELINE>    JOHANNESBURG, Oct 19 - </DATELINE><BODY>Six black miners have been killed
+and two injured in a rock fall three km underground at a South
+African gold mine, the owners said on Sunday.
+    &lt;Rand Mines Properties Ltd>, one of South Africa's big six
+mining companies, said in a statement that the accident
+occurred on Saturday morning at the &lt;East Rand Proprietary
+Mines Ltd> mine at Boksburg, 25 km east of Johannesburg.
+    A company spokesman could not elaborate on the short
+statement.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="19859" NEWID="21577">
+<DATE>19-OCT-1987 00:03:21.69</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>switzerland</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;RM V 
+&#22;&#22;&#1;f0006&#31;reute
+u f BC-PROJECTIONS-SHOW-SWIS   10-19 0119</UNKNOWN>
+<TEXT>&#2;
+<TITLE>PROJECTIONS SHOW SWISS VOTERS WANT TRIED PARTIES</TITLE>
+<DATELINE>    BERNE, Oct 19 - </DATELINE><BODY>The prospect of a dominant alliance of
+socialists and environmentalists ended as the Social Democrats
+became the biggest losers in Swiss parliamentary elections.
+    Projections by Swiss radio show the ruling centre-right
+alliance of Radical Democrats, Christian Democrats, Social
+Democrats and the People Party will likely hold on to power.
+    Less than 48 pct of voters cast a ballot, a record low
+turnout. The moderate left-of-centre Social Democrats lost six
+of its previous 47 seats. The Green Party of Switzerland won 11
+seats in the 200-seat lower house, a rise of eight. But the
+Green Alliance and other green groupings lost one seat.
+    The Radical Democrats, Christian Democrats, Social
+Democrats and People Party are forecast to hold 159 seats, down
+seven from the last election in 1983, and 42 of the 46 seats in
+the upper house, down one.
+    The projections showed the centre-right Radical Democrats
+dropping four seats to 50 in the lower house, although they
+would remain the largest party.
+    The conservative Christian Democrats were seen losing one
+seat to 41, while the right-wing People's Party, despite
+forecast losses, added four to their previous 23 seats.
+ REUTER
+&#3;</BODY></TEXT>
+</REUTERS>
+<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="20262" NEWID="21578">
+<DATE>19-OCT-1987 13:30:41.59</DATE>
+<TOPICS></TOPICS>
+<PLACES><D>usa</D></PLACES>
+<PEOPLE></PEOPLE>
+<ORGS></ORGS>
+<EXCHANGES><D>amex</D></EXCHANGES>
+<COMPANIES></COMPANIES>
+<UNKNOWN> 
+&#5;&#5;&#5;F 
+&#22;&#22;&#1;f2286&#31;reute
+r f BC-AMERICAN-EXCHANGE-INT   10-19 0096</UNKNOWN>
+<TEXT>&#2;
+<TITLE>AMERICAN EXCHANGE INTRODUCES INSTITUTIONAL INDEX</TITLE>
+<DATELINE>    NEW YORK, Oct 19 - </DATELINE><BODY>The American Stock Exchange said it has
+introduced options with expirations of up to three years on the
+Institutional Index.
+    With the ticker symbol &lt;XII>, the index is a guage of the
+core equity holdings of the nation's largest institutions, the
+exchange explained.
+    The new listings represent the first long-term options to
+be traded by the Amex, it added.
+    It said the long-term Institutional Index options began
+trading Monday with expirations of December 1988 &lt;XIV> and
+December 1989 &lt;XIX>.
+   
+    The Amex said a third long-term option with an expiration
+of December 1990 will begin trading following the December 1987
+expiration.
+    It said strike prices on the long-term options have been
+set at 50 point intervals with initial strikes of 250, 300 and
+350. To avoid conflicting strike price codes, the 350 stike
+prices will carry the ticker symbols &lt;XVV> for the option
+expiring in December 1988 and &lt;XVX> for the option expiring in
+December 1989.
+ Reuter
+&#3;</BODY></TEXT>
+</REUTERS>
diff --git a/textClassication/sample.cpp b/textClassication/sample.cpp
new file mode 100644
index 0000000..5b09d86
--- /dev/null
+++ b/textClassication/sample.cpp
@@ -0,0 +1,33 @@
+#include "OpenSP/ParserEventGeneratorKit.h"
+#include <stdio.h>
+#include <iostream>
+using namespace std;
+ostream &operator<<(ostream &os, SGMLApplication::CharString s){
+    for (size_t i = 0; i < s.len; i++)
+	os << char(s.ptr[i]);
+    return os;
+}
+
+class OutlineApplication : public SGMLApplication {
+public:
+    OutlineApplication() : depth_(0) { }
+    void startElement(const StartElementEvent &event) {
+	printf("%*s\n",depth_*4,"");
+	//cout << event.gi << '\n';
+	depth_++;
+    }
+    void endElement(const EndElementEvent &) { depth_--; }
+private:
+    unsigned depth_;
+};
+
+int main(int argc, char **argv){
+
+    ParserEventGeneratorKit parserKit;
+    // Use all the arguments after argv[0] as filenames.
+    EventGenerator *egp = parserKit.makeEventGenerator(argc - 1, argv + 1);
+    OutlineApplication app;
+    unsigned nErrors = egp->run(app);
+    delete egp;
+    return nErrors > 0;
+}
diff --git a/textClassication/vocabulary.cpp b/textClassication/vocabulary.cpp
new file mode 100644
index 0000000..2280db7
--- /dev/null
+++ b/textClassication/vocabulary.cpp
@@ -0,0 +1,14 @@
+#include<stdio.h>
+#include<set>
+#include<string>
+#include<iostream>
+int main(){
+  using namespace std;
+  set<string> S;
+  string t;
+  while(cin>>t)
+    S.insert(t);
+  for(set<string>::iterator j=S.begin();j!=S.end();++j)
+    cout<<*j<<"\n";
+  return 0;
+}
diff --git a/textClassication/wordFrequency.cpp b/textClassication/wordFrequency.cpp
new file mode 100644
index 0000000..9cfbc81
--- /dev/null
+++ b/textClassication/wordFrequency.cpp
@@ -0,0 +1,52 @@
+#include<map>
+#include<set>
+#include<string>
+#include<vector>
+#include<sstream>
+#include<iostream>
+#include "out.hpp"
+using namespace std;
+typedef pair<string,int> Pair ;
+bool cmp(const Pair& a ,const Pair& b){
+    return a.second > b.second;
+}
+
+class wordFrequency{
+public:
+    void add(const string& word){
+        _context.push_back(word);
+    }
+    vector<string> getVocabulary(){
+        set<string> Vo;
+        for(const string& w: _context){
+            Vo.insert(w);
+        }
+        vector<string> res;
+        for(const auto& w: Vo){
+            res.push_back(w);
+        }
+    }
+    map<string,int> getFrequency(){
+        map<string,int> Fre;
+        for(const string& w:_context){
+            Fre[w]++;
+        }
+        return Fre;
+    }
+    
+private:
+    vector<string> _context;
+    vector<Pair> _vocabulary;
+    
+};
+int main(){
+
+    string str="sfdhkfhj hhjkj hh jj hh hh ";
+    istringstream ins(str);
+    string word;
+    wordFrequency fre;
+    while(ins>>word){
+        fre.add(word);
+    }
+    cout<<fre.getVocabulary();
+}
diff --git a/textClassication/words.cpp b/textClassication/words.cpp
new file mode 100644
index 0000000..27fdb73
--- /dev/null
+++ b/textClassication/words.cpp
@@ -0,0 +1,69 @@
+#include<stdio.h>
+#include<map>
+#include<string>
+#include<iostream>
+#include<fstream>
+#include<vector>
+#include<algorithm>
+using namespace std;
+
+template<typename T>
+struct CompareVector{
+    bool operator()(const vector<T>& x,const vector<T>& y) {
+        return false;
+    }
+};
+
+///////////////////////////////////////////////
+vector<string> getText(ifstream& in){
+    vector<string> words;
+    string w;
+    while(in>>w){
+        words.push_back(w);
+    }
+    return words;
+}
+//////////////////////////////////////////////////////////
+double _addToMap(double total,const map<string,double>::value_type& data){
+    return total+ data.second;
+}
+template<typename T>
+void _normalize(map<string,T>& tf){
+    double sum = accumulate(tf.begin(),tf.end(),0 ,_addToMap);
+    cout<<sum;
+    for(auto& d:tf){
+        d.second/=sum;
+    }
+}
+map<string,double> normalize( map<string,int>& tf){
+    map<string,double> res;
+    for(const auto& l:tf){
+        res[l.first] = l.second;
+    }
+    _normalize(res);
+    return res;
+}
+template<typename T>
+void _normalize(vector<T> & tf){
+    double sum = accumulate(tf.begin(),tf.end(),0 );
+    for(auto& d:tf){
+        d.second/=sum;
+    }
+}
+template<typename T>
+ostream& operator<<(ostream& out,const map<string,T>& M){
+    for(auto m: M){
+            out<<m.first<<"\t"<<m.second<<"\n";
+    }
+}
+int main(){
+  using namespace std;
+  map<string,int> M;
+  string t;
+  while(cin>>t)
+    M[t]++;
+  //  cout<<M;
+  map<string,double> Md = normalize(M);
+  cout<<Md;
+  return 0;
+}
diff --git a/vocabulary.cpp b/vocabulary.cpp
new file mode 100644
index 0000000..2280db7
--- /dev/null
+++ b/vocabulary.cpp
@@ -0,0 +1,14 @@
+#include<stdio.h>
+#include<set>
+#include<string>
+#include<iostream>
+int main(){
+  using namespace std;
+  set<string> S;
+  string t;
+  while(cin>>t)
+    S.insert(t);
+  for(set<string>::iterator j=S.begin();j!=S.end();++j)
+    cout<<*j<<"\n";
+  return 0;
+}
diff --git a/words.cpp b/words.cpp
new file mode 100644
index 0000000..50d8683
--- /dev/null
+++ b/words.cpp
@@ -0,0 +1,14 @@
+#include<stdio.h>
+#include<map>
+#include<string>
+#include<iostream>
+int main(){
+  using namespace std;
+  map<string,int> M;
+  string t;
+  while(cin>>t)
+    M[t]++;
+  for(map<string,int>::iterator j=M.begin();j!=M.end();++j)
+    cout<<j->first<<"\t"<<j->second<<"\n";
+  return 0;
+}